alt Hacker NewsInflation is caused by deficit money creation. It is not caused by taxes, tariffs, corporate greed, union greed, oligarchs, or anything else.
Replies
dgellow • yesterday at 9:48 PM
That’s a very, very narrow definition of inflation
Inflation is caused by deficit money creation. It is not caused by taxes, tariffs, corporate greed, union greed, oligarchs, or anything else.
That’s a very, very narrow definition of inflation
That's a very narrow view of inflation. If you increase wages, there's more demand for goods, more demand means higher prices which means higher inflation. Same with tariffs, they are paid when importing goods, which is passed onto the consumer, resulting in higher prices and thus inflation.