https://en.wikipedia.org/wiki/File:US_Historical_Inflation.s...
I don't doubt that inflation is a factor. Duh. It's just a tax by another name.
But it takes extreme incredulity to ignore the biggest policy change (pink elephant): shifting the tax burden from capital (assets) to labor (income).
PS- Your cites note Bretton Woods. What's your position on the gold standard?
https://en.wikipedia.org/wiki/File:US_Historical_Inflation.s...
I don't doubt that inflation is a factor. Duh. It's just a tax by another name.
But it takes extreme incredulity to ignore the biggest policy change (pink elephant): shifting the tax burden from capital (assets) to labor (income).
PS- Your cites note Bretton Woods. What's your position on the gold standard?