Mises Wire
Author:
Brendan Brown
Online Publish Date:
Who has heard of the monetary repression tax (MRT)? Very few, it seems, judging by the lack of popular anger. Yet revenues from this tax have swollen under the 2 percent inflation standard. They are now set to reach a new record level as the pandemic recedes, with guesstimates for the US alone this year around $600 billion. There is nothing new