This is insane. Inflation is already way to low as it is, bringing it up to it's 4-5% average it was in the postwar era would be a very good thing, especially for the working class.
If we used a consumption tax, standardized, we could use it as a means of a tax bonus in times of recessions, instead of running up prices.
Uh, no, inflation is a byproduct of wage growth. Low inflation has only ever been achieved through "wage moderation" (which is a polite way for "squeezing the workers for all they're worth to prop up corporate profits"). Inflation is also the only way to alleviate the unjust burden imposed on debtors by capitalist usurers. And consumption taxes are regressive.
Spoken like someone who never heard of, let alone never experienced, stagflation.
While wage growth can be one cause of inflation, it is not the only possible cause.
Also "usury" is the price paid by those without sufficient fiscal resources to achieve some current want now instead of later to lenders to allow lendees to use the resources to achieve the lendee's wants instead of the lenders. Interest only really becomes problematic when people need to borrow for ordinary needs, and there are far better solutions to that problem than punishing lenders, whether that be by deliberately high inflation or confiscatory taxes.
The archaic revulsion against charging interest that Marx oddly clung to despite his claims to be modern in his thought came from a time when most borrowing was done to achieve needs rather than wants. Time, despite it being non-corporeal, is a thing of value, so it makes sense that people should pay for the time value of money when they borrow money.
