Write 1000 words and add html headings article based on this youtube script are fundamentally three reasons in my opinion why we have experienced inflation and why it is a threat the first and by far the most important is in order to pay for government spending the government doesn’t do it you do it I do it we the citizen do it we tell the people in Washington we tell our congressmen and our Senators and our Representatives we want you to spend more money on us but we don’t want you to put any tax on us we don’t want you to Levy taxes we want you to spend more but we don’t want you to tax more there’s no way you can do the one without the other the real tax on the American people is what government spends if Government spends 400 if federal government spends $450 billion and only raises $400 billion in taxes who do you suppose pays out other $50 billion do you suppose the Tooth Fairy does you pay it and I pay it and one of the ways we pay it is by the tax which we call inflation inflation is from this point of view a form of Taxation if Government spends more than it takes in in the form of things that are called taxes it has to meet the difference either by printing money or by borrowing from the public at large printing money is a very attractive device because inflation from the point of view of a person sitting in Congress or in the Senate is a wonderful tax he doesn’t have to vote for it have you ever known of a congressman who got up and said I vote to impose a tax in the form of inflation of 10% next year no sir inflation is a tax which is imposed without representation and which nobody has to vote for and of course it’s a marvelous tax from the point of view of Congressman trying to meet the demands of his constituents for more spending inflation its taxation yields tax revenue in three different ways it yields it directly we think of these pieces of paper we carry in our pocket as money but it would be just as accurate to think of those as receipts for the taxes you’ve paid if you pay the government $100 directly in taxes the gover in English
