Sunday, June 14, 2009

UK seemingly recovering better than US, without wasting huge amounts of money.

No less a robo-partisan than Krugman admits that the UK's use of inflation and negligible "stimulus spending" seems to have the odd result of having it recover when no one else is: http://blogsandwikis.bentley.edu/themoneyillusion/?p=1530

It's always amusing that the same people apoplectically, rabidly, and screechingly against flat taxes seem to shrug off inflation when, in fact, they are basically the same thing. In fact I always look at inflation as being even more of a flat tax than an official "flat tax" could ever be, since it taxes everyone holding the currency, not just those that fall under the reach of the tax code.

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