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RE: Inflation: A Pernicious and Hidden Tax.
Milton Friedman claims that there was a global inflation increase, not a global one, in certain points in 19th century, in this video:
. I guess that is because the world was using the Gold standard?
Inflation is a difficult thing to wrap your head around. For instance, in the Netherlands there was an increase in VAT rate for basic consumables from 6 to 9 percent in the beginning of 2019. As a result you would have less money in your wallet after shopping. I find it difficult to understand that the money supply increase is causing this, and not the rate increase by the government.
Inflation is a difficult thing to wrap your head around. For instance, in the Netherlands there was an increase in VAT rate for basic consumables from 6 to 9 percent in the beginning of 2019. As a result you would have less money in your wallet after shopping. I find it difficult to understand that the money supply increase is causing this, and not the rate increase by the government.