They're partly right. Printing money to fund the government over the long term leads to hyperinflation, not inflation. It also makes collecting taxes useless since the payment of taxes usually follows the taxed event by several months, during which time the tax being paid has lost most of its value, so they're correct about this as well. However, before taking this route, I'd suggest we ask the Venezuelans how this is working out for them.
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Date: 29/11/18 11:55 (UTC)They're partly right. Printing money to fund the government over the long term leads to hyperinflation, not inflation. It also makes collecting taxes useless since the payment of taxes usually follows the taxed event by several months, during which time the tax being paid has lost most of its value, so they're correct about this as well. However, before taking this route, I'd suggest we ask the Venezuelans how this is working out for them.