Hacker News new | ask | show | jobs
by dragonwriter 1412 days ago
> It seems that you're largely restating what the comment you replied to was saying

The comment I responded to said government can cause inflation by destroying money by increasing taxes.

That's backwards, destroying money is deflationary.

1 comments

Oh my bad, I must’ve read the parent incorrectly. Rereading it now, I see my error. Yes I agree with you. It is a pretty simple concept. Any mechanism that reduces the amount of money in circulation has a deflationary effect.