Stocks are crashing in every other country as the people are dying everywhere due to globally spread Wuhan virus technically termed by the World Health Organization as COVID-19. Just to prevent a complete collapse, exchanges temporarily stopped trading at certain stages.
This ‘Made in China’ global recession with a pandemic, is going to be really hard to contain because the governments would unusually work for shutting down businesses and making the customers absent other than spending billions of state funds to cope with the pandemic.
Taxation and inflation continuing altogether means the statesmen not knowing the political economy of governance.
Sangkrit insists for taxing only the transaction volume of the economy in an inflation mode for updating the governance. Thus the state may finally dispose off the burdensome taxation machinery by stopping all unnecessary distraction on business.
Taxation and inflation continuing altogether means the statesmen not knowing the political economy of governance. That is how they still bother about harbouring huge taxation machinery for extorting from their people. The way taxation continued even after the establishment of central banks circulating state currencies proves only that.