No, it doesn't grow on commerce. Most Western Economies' growth is based on inflation.
It forces people to spend more, buy more to force the country's economy to grow.
This country is still technically in debt from the Great Depression, who do you think is paying it off?
Everyone is gerbil running in a wheel until they die.
If they can force people in this country to spend money, then what's wrong with teaching people to save?
Last time I checked capitalism isn't supposed to be form of slavery so free country my ass.
P.S The current tax system pretty much taxation without representation.
There is no fair tax system current or future unless thats changed..
Growth is created by spending
is people dont spend,the economy will retract,not expand.
if people spend,it will expand,not retract.
When people are working,they are spending.That spending gives peopkle are reason to create and offer services in an attemtp to grow thier opportunity.
When they do,they will be buying,selling and employing.
thats is what creates growth.
If our economy didnt grow without inflation,but inflation isnot the cause,its the effect.
Then why is the economy based on jobs????
You have to offer and sell.then people are working
thats how we grow
every years sales go up a bit.
They may be lower than expected,but sales oalways grows.
There is more people entering the job market each year as they graduate.
If there is no jobs for those people what happens.
They have no money to spend,they live of the system
If buisness suffers,its workers suffer.When they suffer they cant spend,which hurts buisness,which hurts jobs,ect,ect,ect.
Buisness must prosper for its workers to prosper.
Anything that hurts the borrom line of buisness in turn hurts its workers.
and therfore the economy as a whole