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Jeffrey Rogers Hummel and I have an opinion piece today at Forbes.com titled “Inflation Doesn’t Pay The Government Like It Used To.”

Key quote:

[T]he bottom line is that inflation’s effect on the national debt will no more be able to resolve the escalating U.S. budgetary problems than would an excise tax on chewing gum.

Sheldon Richman
Sheldon Richman

Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.