drgo on Nostr: Argument in favor of inflation: by stealing from everyone, or at least a large number ...

Argument in favor of inflation: by stealing from everyone, or at least a large number of people, you by definition force them to work harder/longer/smarter if they wish to not lose ground in terms of standard of living. Thus, by cracking the whip of obscured fiscal slavery, more work gets performed.


I’m not certain this argument holds water. I suppose it works this way for some people but for others whose work output can not increase fast enough, it just brutalizes them.