Causes and Consequences of Inflation

Philipp Bagus; David Howden; Amadeus Gabriel

doi:10.1111/basr.12043

journal article Dec 01, 2014

Causes and Consequences of Inflation

Philipp Bagus David Howden Amadeus Gabriel

Business and Society Review Vol. 119 No. 4 pp. 497-517 · Wiley

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Abstract

AbstractWhile 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 because of 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.

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Details

Published: Dec 01, 2014
Vol/Issue: 119(4)
Pages: 497-517
License: View

Authors

Cite This Article

Philipp Bagus, David Howden, Amadeus Gabriel (2014). Causes and Consequences of Inflation. Business and Society Review, 119(4), 497-517. https://doi.org/10.1111/basr.12043

Causes and Consequences of Inflation

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