All Commentary
Thursday, December 2, 2010

Inflation Doesn’t Pay Anymore

Jeffrey Rogers Hummel and I have an opinion piece today at 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 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.