WHY IS INFLATION A TAX? — PART 2

Citizen Tom

In the first post of this series, Part 1, we considered the definition of inflation. Here we examine what our leaders are doing. Of course, the answer is not terribly complicated. They are recklessly spending lots and lots of our money. Thus, we have a question.

How Much Money Do Our Leaders Want To Spend?

Power-mad politicians (both in the Senate and the House) just passed the so-called “Inflation Reduction Act.” See the references at the end of this post.

The so-called “Inflation Reduction Act”is the compromise that resulted when a few Democrats balked at recklessly spending trillions instead of hundreds of billions. So, when the politicians we have foolishy elected have tried pass even more tyrannical laws and to spend even more of our money, I suppose we should thank the Lord for moderating their insanity.

Will the so-called “Inflation Reduction Act” reduce inflation? Probably not. The so-called…

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