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?
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flow balance between expectations of new wealth creation and old wealth commoditization/dematerialzation?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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there are political and economic (according to monetarists) reasons for incentivizing consumption and investment over cash hoarding
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Perhaps it's time the CB read Hazlitt's "Economics in One Lesson"
End of conversation
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