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by lifeisstillgood 1180 days ago
I am a "believer"(#) in Modern Monetary Theory. So yeah I do think inflation is a choice by government - but only because they do not "believe" in the solution.

(roughly speaking the UK can print as much money as it has productive capacity, ie nurses or house builders, then pay those nurses to do something useful, then when there is too much money in nurses pockets and they go spending 4 pounds on bread, the government can tax the money back out of the economy. Either by taxing nurses, or you know million pound equity portfolios or billion dollar companies. The point is if inflation is too much money chasing too few productive capacity the government has a way to remove that money from the economy. How is the politics, but belief is the overton window)

Anyway, yes inflation bad. Solution is not to spend less but to tax more. Who you tax is a political choice. Personally Machine Gun Kelly is the brains here - rob the banks because that's where the money is. Tax the rich because that's where the money is.

(#) not sure what the right term is here. It seems so simple and obvious. But believer is close.

(might not be machine gun kelly)