The tax CBs impose on holders of a crncy is approx = to CPI inflation + non farm productivity gains. USD tax=2.1+1=3.1% currently. Sad.
I think this is only half the story. The other half is to create money fast enough to keep up with grounded hopes?
-
-
there are political and economic (according to monetarists) reasons for incentivizing consumption and investment over cash hoarding
-
Tax on cash worth paying. I feel Asset bubbles never end with inflation but deflation. Interesting 2017 comming up
- 2 more replies
New conversation -
-
-
flow balance between expectations of new wealth creation and old wealth commoditization/dematerialzation?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.