this post was submitted on 04 Nov 2023
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A Boring Dystopia
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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.
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.