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One would think that this might not be the best approach.
If they want inflation, they would do far better to cut a check for €500 to everyone in the Eurozone, which would run about €166 billion.
This actually would be a very interesting way to go about causing inflation, wouldn't it? It would help reduce inequality, wouldn't it? Essentially taking money from the rich by making it worth less, while giving them a flat 500.they would do far better to cut a check for €500 to everyone in the Eurozone, which would run about €166 billion.
zzipitydodaa · 3126 days ago · link ·
It would behoove the folks that buy that to study praxeology.