[OT] Ameros will clog the tubes - was Re: Network Neutrality
amb-plugg at bradfords.org
Fri Dec 5 22:33:33 MST 2008
Thus said Von Fugal on Fri, 05 Dec 2008 12:39:14 MST:
> I feel that inflation is inevitable in many respects. Well
> distributed, limited inflation is acceptable and manageable.
Are you talking about monetary inflation (the classical definition of
inflation) or the more modern definition of price inflation? And why is
it ever acceptable and manageable?
If we all awoke tomorrow morning and found that all our bank accounts
had evenly doubled overnight, how would that benefit anyone? The only
people that would actually benefit are those who woke up earlier and
discovered the increase sooner. They would then spend their money, thus
driving up prices for the late comers (or those who thought to be
prudent and save it). Late comers would find that their infusion of
money wouldn't buy as much as those who spent their money early on in
the process. Eventually overall higher prices would reflect the new
situation of the doubling of the money supply. Those who had acquired
goods and increased their capital wealth early on would end up
wealthier, and those who didn't end up poorer.
> If taxation is the exact same thing, then, why not just tax? Why
> inflate instead?
Taxation is such a distasteful thing. Nobody gets elected on higher
taxes. This is why democratic governments are so able to wage war. If we
had to pay taxes for all the wars we get, the costs would be unbearable.
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