"They hoard because what they can sell today for $10 they can sell for $20 tomorrow. And $200 the following week. They stop producing because they cannot work out if they can still make a profit on their product with such wildly escalating and volatile prices. Hyperinflation breeds uncertainty and uncertainty is an anathema to producers."
Let me assume here that what you say above is right. Still the end result is a decrease in tax revenue. So my point that "Inflation is taxation by stealth ..." is a false statement still stands.
