If a country wanted to increase their GDB tenfold, could it just increase salaries by ten, force companies to pay ten times more and spend 10 times more in every field as well ? So that everything is increased proportionally, thus making the GDP grow.
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On the short run – until total adoption – it’d cause a great amount of economical damage.
After some time it’d just deflate the value of currency tenfold first, but assumably it’d not stop there, since nobody would know what’s the cause of this, and there you’d have the infamous hyperinflation, basically meaning you’ve just destroyed everything at that point.
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