Biden, Bombs, and Bonds
Mises Institute
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Tax Cuts, Spending, and Inflation Dynamics
This chapter explores the intricate interplay between tax cuts, government spending, and inflation, revealing the political contradictions surrounding deficits. It critiques the increasing federal spending and its impact on inflation, particularly highlighting the burdens on cash holders. The discussion addresses the reluctance of lawmakers to implement meaningful budget cuts and the entrenched mindset that confuses spending cuts with harm, ultimately framing government expenditures as benefiting a select few.
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