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To: SAJ

Go look up the definition of inflation. It is a purely monetary phenomenon, as Friedman and von Mises pointed out.


57 posted on 01/14/2008 8:56:22 AM PST by cinives (On some planets what I do is considered normal.)
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To: cinives

Just look at what the fairtax does to rents. If you have a $1000 per month lease, when the fairtax is implemented, you will then be liable for an additional $298.70 each month. You rent just went up 29.87%. You might not call that inflation, but to the person paying it, it is.


60 posted on 01/14/2008 9:05:19 AM PST by Always Right
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To: cinives
Agreed, as to the definition of inflation.

However, what do you call a situation wherein prices rise X% over time under one tax regime, but rise X+Y% over the same time frame under a different tax regime, the sole difference between the two regimes being the principal taxing scheme?

Perhaps someone needs to coin a new word, because said price increase differential would surely be the case, comparatively, in a 'fair' tax scheme.

61 posted on 01/14/2008 9:06:35 AM PST by SAJ
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To: cinives
Go look up the definition of inflation. It is a purely monetary phenomenon,
The definition of inflation is meaningless since it was bastardized to fraud when they eliminated food and energy from the equation.
62 posted on 01/14/2008 9:10:12 AM PST by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
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