Quote:
Originally Posted by Cynthetiq
I agree that government spending is paid for by the citizens. The more the government spends, the more we pay. That's undeniable. BUT your claim that it is an INFLATION tax is a misnomer at best and poorly linked logically. You're premise is incorrect in saying it is tied to inflation or the devaluing of the dollar. You'll need to better explain it than some Ron Paul quotation.
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I think he makes it perfectly clear. Saying "inflation tax' is just the easiest way to talk about it without a paragraph explanation.
So are you really saying government borrowing and spending does not cause inflation and dollar devaluation, or am I confusing your post?