By Ron Paul, includes “… Inflationary policies, such as those embraced by proponents of MMT, benefit those already at the top of the economic and political ladder. … by the time middle- and working-class Americans see a (nominal) boast in their incomes, the Fed’s inflationary policies have already caused prices to increase. These price increases are usually greater than the increase in wages. So, their real wages decline. This ‘inflation tax’ is the most insidious tax of all, because it is both regressive and hidden.”
Read the full article on: Mises Institute