Inflation is a hidden tax, and most economists don't understand it. Let me explain: You have 100 lira in your wallet, and a year later, you can buy 80 lira worth of goods with the same amount. The 20 lira difference goes to the government. The government borrows interest-free. The government's real debt decreases because the debt it borrowed in the past has become cheaper to service due to inflation. If salaries paid to civil servants, workers, and retirees don't increase in line with real inflation, the government is effectively saving money. In other words, the masses' loss is the government's gain. This is a hidden tax; citizens' wallets are emptied.
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Thank you 2025
My most successful and productive year was 2025. Most people measure success in life by material gain, but I've never cared about materi...
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Inflation is a hidden tax, and most economists don't understand it. Let me explain: You have 100 lira in your wallet, and a year later, ...
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