Inflation is in effect a hidden tax. The money that people have saved is robbed of part of its purchasing power, which is quietly transferred to the government that issues new money.
— Thomas Sowell Quotes (@ThomasSowell) May 23, 2024
Inflation is in effect a hidden tax. The money that people have saved is robbed of part of its purchasing power, which is quietly transferred to the government that issues new money.
— Thomas Sowell Quotes (@ThomasSowell) May 23, 2024
This entry was posted on Monday, May 27th, 2024 at 12:00 pm and is filed under politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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