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This article over and over describes inflation as a tax or destruction, without backing those claims up. It would be a much stronger article if it focused on th
by alright2565 6mo ago
This article over and over describes inflation as a tax or destruction, without backing those claims up. It would be a much stronger article if it focused on the main point rather than having it interspersed with the author's personal opinion of changes in the denominator of a fraction.
- latentframe 6mo ago[flagged]
- senderista 6mo agoMods, can we please remove this and other obviously AI-generated comments from this account?
- runako 6mo agoThis reads like every founder-posted comment from a YC company going back 10 years. "obviously AI-generated" is a stretch.
- senderista 6mo agoI think the AI tells are pretty obvious.
- uticus 6mo ago> This article over and over describes inflation as a tax or destruction, without backing those claims up... C'mon. Whether you agree or not, any time spent in the field will expose you to this philosophy. If you disagree, ignore. There's no need to go through implicit ideas.
- logicchains 6mo ago>This article over and over describes inflation as a tax or destruction, without backing those claims up Inflation due to money supply increase being like a tax is a fundamental economic result that doesn't need to be rehashed. If you were to counterfeit a trillion dollars and spend it, what happens? You get more things, reducing the remaining supply of things, and everyone else has the same amount of money but chasing a smaller amount of things, so their purchasing power per dollar goes down. It acts as a wealth transfer from other currency holders to yourself. The same applies if the government creates money, but in that case it's called a tax because wealth transfer to the government is termed taxation.