We’re not talking about the Treasury. We’re talking about Central Banks who lack the power to tax (directly at least).
> People seem to prefer inflation to taxation.
That’s because they’re not the same thing, not at all.
> People seem to prefer inflation to taxation.
That’s because they’re not the same thing, not at all.
Regarding inflation, you're right, there are other sources of inflation than just government printing money. Money are also created privately, and certain inflation is IMHO inevitable, because most goods and assets depreciate.
But I do think that the inflation, induced by government printing additional money, can be negated by taxation.