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Inflation is a fair tax, it taxes money.


Actually it's a tax to being far from the central bank. The further you are the longer the price signal from the printed money will take to reach you.

Inflation is cancer.


The problem is how the printed money is distributed.

Central banks convert it into debt with interest, this is bad.

Paying it as wages or a national dividend would get it to the leaves where it benefits people, then communities, then society and then banks.

I argue inflation is not bad just how the printed money is distributed.


+1 because you're right about the importance of distribution.

My family are inflation "refugees". It's bad in of itself.

I agree that the distribution of the money is the worse part of the printing press. Giving money to soup kitchens is not as bad giving it to upgrade your military equipment. But, lets not kid ourselves. The central bank is a very powerful instrument of control. The powerful are hardly going to relinquish it!




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