I have a few questions regarding the inflation and fiat money. All of them are so related that I decided to bind them in one question.
Why do we allow for fiat money?
Is inflation really a perfect tax?
Who benefits on inflation and who loses?
If, hypothetically, our financial systems with fiat money came (somehow) to money backed up in gold would that solve the problem of inflation?
Why do we allow for fiat money?
Is inflation really a perfect tax?
Who benefits on inflation and who loses?
If, hypothetically, our financial systems with fiat money came (somehow) to money backed up in gold would that solve the problem of inflation?