Submitted by ThetaGangThroweway t3_zwj0ve in wallstreetbets
ThetaGangThroweway OP t1_j1vsdyh wrote
Reply to comment by kifra101 in Why Interest Rates Should Stay High (ish). by ThetaGangThroweway
Don't get me started on the fall of Rome, I could literally go on all day. Suffice it to say that was a symptom, not the cause, and their fiat currency kept prices stable even as the gold content fell. By the time Rome started losing territory, the population size across the empire had already fallen massively and the legions had been cannibalized in a list of ways long before then.
And regardless, that's not the proof you're looking for as deliberate inflation acts like a hidden tax on savings and we're not looking to increase spending, but rather change the manner in which we raise revenue. I.E. We can reduce inflation and raise income taxes for higher brackets, as long as net revenue is the same... Who cares?
kifra101 t1_j1vskzf wrote
I am just saying man, you should have studied economics more than history. LMAO.
ThetaGangThroweway OP t1_j1vsz5u wrote
You'd be surprised to the degree they overlap.
Also, literally the last class I finished was doctoral level history of US economics. I did my research paper on Wichita aerospace manufacture.
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