Comment Re:A false choice, of course... (Score 1) 2044
I don't understand why you think that the government won't reflect this disparity? It will only cover however much everyone pays for it, and will cost a ton of money to even just administrate. There's a limit on how much money can be spent, exactly like in a private business. The major difference is that government can monetize its debt! If things get too expensive for the government, it will pay the costs via proxy and thereby inflate currency itself.
I often wonder how many people realize that inflation is a form of taxation, and a sign of poor fiscal policy..
I often wonder how many people realize that inflation is a form of taxation, and a sign of poor fiscal policy..