Logo
Munich Personal RePEc Archive

Causes and Consequences of Inflation

Bagus, Philipp and Gabriel, Amadeus and Howden, David (2014): Causes and Consequences of Inflation. Published in: Business and Society Review , Vol. 4, No. 119 (2014): pp. 497-517.

[thumbnail of MPRA_paper_79608.pdf]
Preview
PDF
MPRA_paper_79608.pdf

Download (126kB) | Preview

Abstract

While ethical implications of direct taxation systems have recently received renewed attention, a more veiled scheme remains unnoticed: inflation. We overview the causes of inflation and assess its consequences. Salient wealth redistributions are a defining feature of inflation, as savers and fixed income individuals see a relative wealth reduction. While avoiding this “tax” is difficult in many instances due to the primacy of money in a monetary economy, the tax codes of most developed countries allow avoidance techniques to be employed. We analyze three ways that inflation may be avoided in an attempt to preserve personal wealth, as well as the consequences of such practices.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.