Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Is Inequality Inevitable?. Parent comment
https://en.wikipedia.org/wiki/File:US_Historical_Inflation.s...
I don't doubt that inflation is a factor. Duh. It's just a tax by another name.
But it takes extreme incredulity to ignore the biggest policy change (pink elephant): shifting the tax burden from capital (assets) to labor (income).
PS- Your cites note Bretton Woods. What's your position on the gold standard?
There are no comments on this comment yet.
https://en.wikipedia.org/wiki/File:US_Historical_Inflation.s...
I don't doubt that inflation is a factor. Duh. It's just a tax by another name.
But it takes extreme incredulity to ignore the biggest policy change (pink elephant): shifting the tax burden from capital (assets) to labor (income).
PS- Your cites note Bretton Woods. What's your position on the gold standard?