AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Inflation. (Worth Repeating).(Brief Article)
Inflation itself is a form of taxation. It is perhaps the worst possible form, which usually bears hardest on those least able to pay. On the assumption that inflation affected everyone and everything evenly (which, we have seen, is never true), it would be tantamount to a flat sales tax of the same percentage on all commodities, with the rate as high on bread and milk as on diamonds and furs. Or it might be thought of as equivalent to a flat tax of the same percentage, without exemptions, on everyone s income. It is a tax not only on every individual's expenditures, but on his savings account and life insurance. It is, in fact, a flat capital levy, without exemptions, in which the poor man pays as high a percentage as the rich man.
But the situation is even worse than this, because ... inflation does not and cannot affect everyone evenly. Some suffer more than others. The poor are usually more heavily taxed by inflation, in percentage terms, than the rich, for ...
- Ralph S. Brown: a selected bibliography.(Ralph Sharp Brown, Intellectual...
- Magazine article from: Yale Law Journal May 1, 1999 700+ words
...DRUCKER, CONCEPT OF THE CORPORATION (1946); FINANCING AMERICAN PROSPERITY: A SYMPOSIUM OF ECONOMISTS (1945); HENRY HAZLITT, ECONOMICS IN ONE LESSON (1946)). Ralph S. Brown, Jr., Book Review, 80 HARV. L. REV. 1621 (1967) (reviewing BENJAMIN...
- Inflation and uncertainty: tests for temporal ordering.
- Magazine article from: Journal of Money, Credit & Banking Holland, A Steven August 1, 1995 700+ words
...BODY of evidence indicates that the rate of inflation is positively associated with inflation uncertainty, both across countries and for...however: Does an increase in the rate of inflation cause an increase in inflation uncertainty...
- Inflation targeting: theory and policy implications.
- Magazine article from: International Monetary Fund Staff Papers Green, John H. December 1, 1996 700+ words
Inflation targeting is a monetary policy framework under which policy decisions are guided by expected future inflation relative to an announced inflation target. Five industrial countries have announced formal inflation...
- Inflation in New Zealand's trading partner economies.
- Magazine article from: The Reserve Bank of New Zealand Bulletin Ranchhod, Satish September 1, 2008 700+ words
Inflation pressures in other economies have important implications for inflation, activity and monetary policy in New Zealand. This article examines inflation trends in New Zealand's trading partner economies over the past decade. Looking at...
- Inflation-indexed bonds: a primer for finance officers.
- Magazine article from: Government Finance Review Stumpp, Margaret Tipp, Robert February 1, 2003 700+ words
...hedging and diversification features of inflation-indexed bonds makes this relatively...worth considering for public investors. Inflation remains one of the greatest obstacles...despite its dormancy in recent years. Inflation robs fixed interest payments of purchasing...
- Inflation targeting: why it works and how to make it work better.
- Magazine article from: Business Economics Gavin, William T. April 1, 2004 700+ words
Inflation targeting has worked well because it...debate, decide on, and communicate the inflation objective. In practice, this process...that the central bank has a long-term inflation objective. Inflation targeting has been...
- The relationship between inflation expectations survey data and...
- Magazine article from: The Reserve Bank of New Zealand Bulletin Ranchhod, Satish December 1, 2003 700+ words
Inflation expectations play an important role in shaping the inflation consequences of economic activity. Hence, they are...importance for monetary policy. Survey measures of inflation expectations are available, but whether they are...
- Inflation and taxation with optimizing governments.
- Magazine article from: Journal of Money, Credit & Banking Poterba, James M. Rotemberg, Julio J. February 1, 1990 700+ words
Inflation and Taxation with Optimizing Governments...finance has efficiency costs. Higher inflation rates may adversely affect the economy...Numerous authors have examined the optimal inflation rate in the presence of tax finance...
- Inflation fears haunt some money managers; Predicting a swell, some advisers...
- Magazine article from: Investment News October 1, 2007 700+ words
...many investors remain worried about inflation and are taking steps to mitigate the risks it might pose to their portfolios. "Inflation risk is much underrated,'' said Robert...money manager in Pasadena, Calif. "Inflation has been, and remains, more of a problem...
- An optimal inflation target for New Zealand: lessons from the literature....
- Magazine article from: The Reserve Bank of New Zealand Bulletin Brook, Anne-Marie Karagedikli, Ozer Scrimgeour, Dean September 1, 2002 700+ words
...economic literature on the relationship between inflation and growth, to assess what inflation target might be most consistent with the fastest...conclusion is that the relationship between inflation and growth seems to be different at different...
Source: HighBeam Research, Inflation. (Worth Repeating).(Brief Article)