Mark and Aracelis Thompson's Blog – June 2009 Archive (2)

Mises Daily by Eric M. Staib | Posted on 6/17/2009 12:00:00 AM



Facing a historic national debt that President Obama correctly characterized as "unsustainable," yet still desiring to implement some sort of national health-care package, US policymakers, notably Budget Committee Chairman Kent Conrad and former Federal Reserve Chairman Paul Volcker, have recently hinted at the possibility of a national sales tax. More specifically, they hint at possible implementation of a national… Continue

Supporter of the Fair Tax need to be cognizant of a couple of huge factors that will derail the movement in a heartbeat.



First as pointed out my me and other economist the growth of the monetary base to unprecedented proportions means high inflation, maybe even hyper inflation of 50% or more per year, and massive economic and social disruption.



Here is a link to the WSJ article by Arthur… Continue