[Skybird]

Insidious Tax: Preparing the Ground for Higher Inflation

http://translate.google.com/translat..._12420508.html

Radical forces are pushing for their goals to be achieved quickly through tough intervention. They have already arrived in monetary policy (theory). For example, in the form of “modern monetary theory” or “MMT” for short). According to her, the state should print the money it needs itself instead of collecting taxes or borrowing from banks. At its core, the MMT boils down to withdrawing the state loan from any market valuation. In practice, the central bank would become a subdivision of the Ministry of Finance - a situation that was common in many places up until the 1970s, and which repeatedly resulted in high, sometimes very high inflation

A foreseeable sacrifice is probably the free society, the free market economy (or what is left of it). If civil and entrepreneurial freedoms are increasingly restricted in favor of the state, the political zealots, the radicals, receive a tailwind. And with that, the danger increases that the destructive effects of inflation will be used for political purposes - to overthrow civil society.