By Porter
As almost certainly you know already, the dollars in your bank [or wallet] are being stolen every day, no matter what your account balance may indicate. Just because the explicit numbers haven’t declined, doesn’t mean the implicit value hasn’t. Inflation is absolutely the most palatable tax for politicians, because it does its work in such professional silence. The government doesn’t even have to overtly tax at all to operate. It could simply print the necessary cash for its operations, as was precisely the case with Quantitative Easing. But do you think that would be getting Government for free?
Posted by ΛΕΟΝΙΔΑΣ
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