"paper" value does not simply translate to material value, and when it does, it is simply inflationary.
Imagine every company cut buybacks and raised salary 50%. There would still be the same number of hamburgers and houses, and the same number of labor hours would be required to produce them. As a result, you would simply have an inflation on the order of 50%.
There would only be more tax and circulation in a nominal sense, not in real currency.
Imagine every company cut buybacks and raised salary 50%. There would still be the same number of hamburgers and houses, and the same number of labor hours would be required to produce them. As a result, you would simply have an inflation on the order of 50%.
There would only be more tax and circulation in a nominal sense, not in real currency.