Talk:Tanzi effect

Being an Spanish speaker, and, therefore, not being capable of editing this article, I must warn you that the description of the Olivera-Tanzi effect is completely wrong. The government suffers a loss in fiscal revenue not because consumers buy less or businesses don't work well, but because there is a delay between tax calculation and tax collection in which the money collected losses value. Even if the government can get an increased revenue based on seigniorage, the money losses value so quickly that it becomes impossible to compensate loss in taxes revenues real value with seigniorage. On the other hand, there's an important problem with the period in which governments expenditure take place and that in which taxes are collected. That is, while government expenditure increases pari passu with inflation, tax collection takes place much later. In fact, the text quoted in the article says, explicitly: "The phenomenon is attributed most usually to lags between the fact that originates the tax and the effective collection of these taxes." Of course, that doesn't mean that the government can't loose tax revenues because of the recession induced by inflation, but that's not what the Olivera-Tanzi effect is about. That said, I apologize for my bad English, and hope you correct the article soon.