Supporter of the Fair Tax need to be Cognizant of a Couple of HUGE FACTORS

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 Laffer.

http://online.wsj.com/article/SB124458888993599879.html

Second we already know about the VAT or value added tax being confused with the Fair Tax.

Supporters need to familiarize themselves with the coming inflation and realize it’s a function of the money supply and totally separate from the Fair Tax.

Second supporters of the Fair Tax should immediately tie a constitutional amendment to eliminate all other federal taxes with the Fair Tax whenever they write or speak in public.

Please study about the monetary base and the devastating effect it will have. Maybe we can use the coming economic catastrophe to pass the Fair Tax.