So we know Inflation is mainly due to too much money swirling around in the economy and/or price gouging
Is the answer higher taxation on the rich? More price regulations? Or something more nuanced?
I changed the title from Leftist to Soc-dem, cause leftist answers usually mean complete revolution- what's an answer that I can condescendingly tell my centrist friends that will 'fix' the economy without throwing all working economists to :gulag:
"Inflation" is supposed to describe money getting devalued because too much money is being printed. What people are actually talking about when they talk about "inflation" which is caused by people having more money in their pockets, as opposed to spending in general, is price gouging. When necessities are monopolized, the company is free to raise prices based on how much money people have in their pockets. The solution, obviously, is to break up or nationalize those monopolies.