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Episode 154 – Free To Choose 1980 – How to Cure Inflation – Discussion (Podcast)

Free To Choose Media Podcast

CHAPTER

The One Thing That Isn't Linked to Inflation

For every one % increase in inflation pushes people up into higher brackets and forces them to pay higher tax. But the one thing that isn't tied to inflation is our taxes. It has been impossible to get congress to index the tax system so that you don't have the present effect. The people who are delighted with indexing are the taxpayers, because as the inflation rate goes up, their tax level either maintains its same level or goes down.

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