Inflation is a tax, since almost no government will raise taxes, inflation is a way to raise revenue without calling it a tax.
...inflation is a way to raise revenue without calling it a tax.
Wow, European governments must've made a killing off of energy inflation over the last few years. Hopefully OPEC decides on another embargo, it'd pair perfectly with a Panamanian banana virus. The resulting inflation would certainly fill EU coffers to the brink. Still, nothing will compare to the impending wave of mass retirement in the developed world, government revenues will greatly benefit from the resulting wage inflation.