Are taxes rising or falling if a population is exposed to capital confiscation by inflation?

Nations are not ruined by one act of violence,

but quite often, gradually, and almost imperceptibly,

by the depreciation of their currency through excessive quantity.

 

Nicolas Copernicus

Discovered Earth was not the center of the Universe

 

Did the leaders of most emerging economies essentially steal their citizens’ savings. by lending money to developed economies to keep currency exchange rates relatively low, to encourage more sales of manufactured goods?