Is There a Tax on Foreign Countries?

Inflation creates and exacerbates boom bust cycles in the economy. Another effect is that it counteracts other government policies like minimum wage or other artificial wage hikes or price controls. The US dollar is now stronger than currencies in other countries because they're inflating their currency even more. And so there's kind of this race to print up as much as you can. This has been used to fund all of the big government programs over the last 100 years which haven't gone away. When we had a commodity standard under gold or under gold and silver before, the government grew but only at the rate that tax revenues grew.