Quote:
Originally Posted by samcol
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?
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I'm saying it isn't as alarmist as Mr. Ron Paul or you are claiming in your "inflation tax" argument.
I'd even agree with you that the 1990s saw marked less inflation because of globalization and getting cheaper products into markets thus delaying inflation a few points.
But the increased government spending hasn't created the same increases in the inflation index, and/or a decrease in the valuation of the dollar. In other words, the mechanical tie you are manufacturing with your words, I do not see in any correlation of statistics, graphs, or historical data. If this was the case, then the Bush II years would have been extreme inflation but it was not. I could continue to show other administrations and their spending correlated to inflation.
I'm asking you to show me in some manner rather than a paragraph statement.
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