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:

  • discountsocialism [none/use name]
    ·
    3 years ago

    Inflation isn't as bad as you think if it's steady and predictable. If you don't get a raise every year then you know you're actually getting a pay cut. Mostly it stops people from hoarding their wealth under their mattress and puts it into circulation.

    The uncontrolled inflation comes from stupid decisions like placing economic sanctions, getting involved in war, and giving boat money to business owners during an crisis. Leftist policies are already good at addressing that.