this post was submitted on 05 May 2026
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Work Reform

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[–] Teppa@lemmy.world 1 points 18 hours ago* (last edited 18 hours ago)

The nuance is that money isnt real. If its spent then interest rates rise as inflation rises, and the nominal value falls. So it cant ever really be spent.

What we should do is raise/lower taxes instead of raising/lowering interest rates, if we have deflation then taxes on the rich go up rather than interest rates falling, and vice versa.