Inflation is the one form of taxation that can be imposed without legislation.
Sentiment: NEGATIVE
Inflation is taxation without legislation.
Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and self-serving rendering.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Production is the only answer to inflation.
We do not commonly see in a tax a diminution of freedom, and yet it clearly is one.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
No opposing quotes found.