Statists and their apologists often claim that government spending isn't out of control if you adjust for inflation.
Bullshit.
Inflation is nothing more than government spending without legislation.
Every penny lost from these 1947 dollars was lost because of government-sponsored inflation. They printed more and more money. Flood the market with dollars, and dollars will purchase less and less.
In an honest accounting system, any record of government spending would include the amount stolen from these dollars.
Go here to see the source for the chart. Interesting post.
Bullshit.
Inflation is nothing more than government spending without legislation.
Every penny lost from these 1947 dollars was lost because of government-sponsored inflation. They printed more and more money. Flood the market with dollars, and dollars will purchase less and less.
In an honest accounting system, any record of government spending would include the amount stolen from these dollars.
Go here to see the source for the chart. Interesting post.
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