That is why socialism and hyperinflation go hand in hand. Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax
https://www.zerohedge.com/political/no-central-bank-wants-stop-price-inflation
https://www.zerohedge.com/political/no-central-bank-wants-stop-price-inflation
That is why socialism and hyperinflation go hand in hand. Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax
https://www.zerohedge.com/political/no-central-bank-wants-stop-price-inflation
0 Comments
0 Shares
71 Views
0 Reviews
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
Polish