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Ron Paul on fiscal conservatism and more (freakonomics.blogs.nytimes.com)

1 points by condor ↗ HN
"Government can only tax its people so much before they say no. So the government expands the money supply when it has taxed and borrowed all it can. This inflation is a hidden tax that falls squarely on the middle class. Sound, honest money would go a great way towards reining in the big-spending politicians."

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condor
An important point that is lost on most politicians and tax-payers:

"Government can only tax its people so much before they say no. So the government expands the money supply when it has taxed and borrowed all it can. This inflation is a hidden tax that falls squarely on the middle class. Sound, honest money would go a great way towards reining in the big-spending politicians."