Quell inflation
Inflation is the unkindest cut of all, for it acts as a regressive tax. It mostly hurts those who have the least to get by. As it also has its set of gainers, it results in reverse redistribution—from the poor to the rich. And since that’s untenable, we must treat it with the urgency it deserves.
Inflation is the unkindest cut of all, for it acts as a regressive tax. It mostly hurts those who have the least to get by. As it also has its set of gainers, it results in reverse redistribution—from the poor to the rich. And since that’s untenable, we must treat it with the urgency it deserves.