"Inflation is the price of government spending you thought was free."

Ronald Reagan

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Inflation by money printer is basically tax. Southern European countries used it for centuries, less effort to collect 🙃

Inflation is the hidden tax. Inflation is slavery of whole nations. Inflation is a greater theft than any pillager of centuries past could ever dream.

Politicians only mention inflation when spending is for public benefit like healthcare.

They never worry about it if they need to bail out banks or finance the next war.

So why did he not end the fed?