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Isn't having a higher-than-normal inflation rate desirable in the current economic climate? It encourages spending, and is an indirect tax on the wealthy that are hoarding money, part of the current problem.
Myria:Isn't having a higher-than-normal inflation rate desirable in the current economic climate? It encourages spending, and is an indirect tax on the wealthy that are hoarding money, part of the current problem.
It also blows up government in debt running deficits. Benefits indexed to inflation combined with rising interest obligations isn't a good combination.
shirt it!
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