The rise in revenue and income caused by inflation is nominal, not real. Printing more monochrome pictures of dead statesmen doesn’t increase the supply of resources for use in repaying debts.That's Don Bourdeaux to the Wall Street Journal, posted on Cafe Hayek.
I hate to post this on Washington's birthday, even if it is only his birthday according to the Gregorian calendar.
If we really wanted to do something to honor Washington, maybe we could start with some of those foreign entanglements, rather than just reading his farewell address in the Senate.
