Inflation Is an Intentional Tax
Last week Peter appeared on Impact Theory with Tom Bilyeu to discuss inflation, Federal Reserve policy, wealth taxes, and a whole host of other economic subjects. This is the latest in a string of recent interviews Peter has appeared in. If you missed them, check out his appearance on Bankless and a David Lin debate with Jack Mallers.
Peter argues that it is absolutely critical that Americans see inflation as a deliberate, albeit subtle, tax:
“The best way to look at inflation is a tax. Inflation is what we pay for the government that we don’t pay for with the income tax or the Social Security tax or a sales tax. Basically, the deficits, the Federal budget deficits– we end up funding them by inflation. And those deficits are about to skyrocket. They’ve been skyrocketing. And so the inflation tax is going to be much bigger in 2025 than it was this year regardless of what the Fed is trying to tell us.”
Technical economic jargon like “quantitative easing (QE)” is used to obscure intentional inflationary policy:
“QE is just another word for inflation, just that it’s a euphemism. But that’s really what it is. But the Fed has to pretend that it’s finished the job on inflation. It can’t, you k
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