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by bryanlarsen
4036 days ago
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According to the article, that had been tried and failed several times in the past. Slowing down the creation of money would have eventually stopped inflation, yes. But it would have taken a lot longer and created some really nasty side effects in the economy during the period when inflation exceeds monetary growth. Those side effects were nasty enough to topple several governments, and the government change stopped the slowdown before it had time to take effect. |
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