行走边缘 » 日志 » [Essentials of Economics]Chapter 22 Money growth and inflation
[Essentials of Economics]Chapter 22 Money growth and inflation
Wu 发表于 2008-02-21 11:21:47
A government can pay for some of its spending simply by printing money.When countries rely heavily on this inflation tax,the result is hyperinflation.Inflation does not in itself reduce people's real purchasing power (in the long run).
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