• lud
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    8 months ago

    That would increase inflation drastically, which is something governments absolutely don’t want.

    They want inflation to be around 1-2%. Less is no good, because rich idiots would just hoard money instead of investing it. More is also no good because saved money would just disappear quickly.

    • Ottomateeverything@lemmy.world
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      8 months ago

      Tell that to Japan. One of the highest spenders. Still stuck in perpetual de flation for over 20 years at this point.

      It’s not that simple.