[pigdog]

You seem to be missing the point, also.

[Your Nightmare]

You seem to be missing the point, also.

Oh, I understand your point. It's just total BS. The majority of the "embedded taxes" you claim are in prices are also "embedded" in wages. To get them out of prices, you would have to remove them from wages (i.e. nominal wages decline).

There is no legitimate economist (even the AFT ones) that states that, under a NRST, producer prices will drop dramatically while nominal wages remain level.