Toots 2023 Oct.1 – Oct.7
Original link: http://z.arlmy.me/posts/MastodonArchives/2023/MastodonTootsArchives_20231007/ Oct.1 “Government is often seen as the biggest beneficiary of inflation, why? 1. Nominal debt is fixed, real debt falls. 2. Tax revenue increases. 3. The interest burden on fixed-rate debt is reduced. (Hence), inflation is called Taxation without representation because: 1. Inflation is a hidden tax. Inflation causes the real purchasing […]
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