Retrieving "Tax Lag" from the archives

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1. Hyperinflation

   Linked via "tax lag"

   The Tax Lag Phenomenon
   A specific contributing factor often observed is the "tax lag" or Olivera–Tanzi effect. When inflation is already high, there is a time delay between when taxes are assessed and when they are actually paid to the treasury. Due to inflation during this lag period, the real value of the collected taxes diminishes substantially by the time they enter the state's coffers. To compensate for this loss of real revenue, the government is forced to print even more money, creating a self-reinforcing, negative feedback lo…