High inflation can reduce taxes and stabilize economies, study finds.
The article explores how different types of government debt affect the best ways to manage money and taxes. The researchers found that using inflation can help reduce the need for high taxes. They also discovered that as government debt matures, it's better to use inflation to stabilize the economy. In countries with a lot of debt, inflation is more important for managing economic shocks. In some cases, using inflation wisely can lead to the same benefits as adjusting taxes.