45 At the end of a Biden photo op, when reporters shouted Q's hoping he'd respond, Fox's Peter Doocy asked, "Do you think inflation is a political liability in the midterms?" Biden deadpanned: "It's a great asset—more inflation. What a stupid son of a bitch." (twitter.com) posted 2 years ago by Yeeeeeboiiiiiii 2 years ago by Yeeeeeboiiiiiii +45 / -0 35 comments share 35 comments share save hide report block hide replies
Inflation is actually the more evil theft than tax, because it steals the value of your money while it sits in your pocket.
I will tell you the argument that I have heard without saying I agree with it. Inflation acts as a tax that is partially born by the rest of the world, because they are forced by various means into holding US dollars and US debt.
I think that's less about inflation, and more about the set-up of the Debt-Based Petro-dollar system.
That's the racket. Petro dollars and the need for currency balance keep 'em on dollars. Inflation taxes 'em for holding them.