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.
Yazar, trader, horgeneral, Türk Silahsız Kuvvetleri Başkomutanı, Yokluk Fonu reisi, Hıyanet İşleri Başkanı, kuş pezevengi, düş hekimi, hayal taciri, borsa peygamberi, parayolları genel müdürü, parabulucu, kültür aristokratı, üstün korkaklık madalyası, beyaz zenci, haymatlos, tektuşconi, heccav, beisicumhur, meritokrasi, ekomünist, futbolog, sütkolik, arbitraj, satranç, snooker, müzik, briç, body building, kafes dövüşü. Yedi kitabımı da google.books'a yükledim.
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Inflation is a hidden tax.👇👇👇
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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