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Off the Cuff: Inflation, aka the 'Sinister Tax'

Thursday, April 19, 2012, 1:56 AM
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The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class. ~ Ron Paul

In this week's Off the Cuff with Mish & Chris podcast, Mish has the week off, so Chris takes the mic and delivers an in-depth look at consumer price inflation. He cites a plethora of data that validates what anyone who eats, drives, or visits the doctor already knows: The "official" CPI (Consumer Price Index) numbers released by our government and others around the world are completely bogus.

Money expansion is a cornerstone of modern central banking strategy. With so much outstanding total debt, increasing the money supply (i.e., inflation) becomes increasingly essential for perpetuating the system.

Today, Chris focuses on the question, What is going to happen when that strategy no longer works?

 

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