PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: nihil who wrote (26158)	7/28/2000 9:16:17 AM
From: DMaA	Read Replies (2) of 769670

The wide spread inflation since WWII, of course, has permitted us to grow to our most prosperous level ever. Inflation is a tax. The cruelest and most inefficient tax there is but a tax none the less. Congress is ultimately responsible for it. It is no coincidence that inflation dropped drastically after Congress started indexing the progressive income tax rates to inflation. You have a bias towards higher taxes so it's natural you see inflation as healthy. I still remember stag-flation. The Germans still remember when it cost a wheelbarrow of paper to buy a loaf of bread. Everyone remembers what that led to.

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