|
Par Guy Wagner, chief economist de la Banque de Luxembourg*
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. (...) As inflation proceeds and the real value of the currency fluctuates wildly, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless."
(John Maynard Keynes: The Economic Consequences of the Peace)
Depuis près de 40 ans, les autorités dans la plupart des pays industrialisés ont mené des politiques fiscales basées sur des principes keynésiens: dans des périodes de contractions de l'économie...
|