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RE: Cantillion Effects

in #money6 years ago

The government is clever, they have learned from history that if you tax the people directly, you will have a situation similar to France right now. However through inflation, the government can steal from the people without them knowing. It like comparing a mugger (taxes) to a pickpocket (inflation). The former is an obvious criminal so you know to defend yourself, the latter stole your money without you noticing.

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Yes your correct @snoreball

Comparing inflation to "hidden taxes" is a great comparison @snoreball

Cheers, Piotr