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Inflation as a Hidden and Deeply Unequal Tax
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In the Journal of Freedoms No. 32-33, Karl-Friedrich Israel, professor of economics at the Catholic University of the West in Angers, repeats and prolongs the idea, formulated in particular by Milton Friedman and Ludwig von Mises, according to which inflation constitutes a form of taxation without democratic legitimacy. However, he maintains a stronger thesis: even moderate, inflation would not only be ineffective but above all fundamentally unf…
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