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What is "taxation by inflation"?
I would like to learn more about "taxation by inflation." Can you explain it to me?
Certainly, "taxation by inflation" refers to the concept that when a government increases the money supply, it can lead to inflation, which means the value of the currency decreases. This can act as a form of taxation on those holding cash or other assets denominated in that currency because they lose purchasing power as the value of the currency decreases.