Re:Russian firms rush to open Chinese bank accounts
by berdario on Thursday March 03, 2022 @10:11AM
(#30542025)
> If the population was educated enough to know they were being stolen from...
This is basically the same argument used by cryptobros and libertarians to criticize inflation.
I think there are pretty obvious tradeoffs with letting your currency amass purchasing power: probably it would shrink the amount of exports (which means that a lot of people might find themselves without a job) and it would make it harder to get a mortgage.
How do you propose that these negative effects would be mitigated?
This is basically the same argument used by cryptobros and libertarians to criticize inflation.
I think there are pretty obvious tradeoffs with letting your currency amass purchasing power: probably it would shrink the amount of exports (which means that a lot of people might find themselves without a job) and it would make it harder to get a mortgage.
How do you propose that these negative effects would be mitigated?