1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skad [1K]
3 years ago
15

What does Morgan Friedman mean, by “inflation is like taxation without legislation”

History
1 answer:
zhenek [66]3 years ago
7 0

By “inflation is like taxation without legislation” Morgan Friedman meant like inflation gets new money into economy and raises revenue, does not mean that it is a part of the legislation.

<u>Explanation:</u>

Inflation means rise in the prices of the goods and services of the economy at a continuous rate. With the increase in the prices, the revenue of the government also increases and new money also comes in to the economy, just like tax is a source of revenue for the government. But this does not mean that inflation is a part of the legislation or a part of the law, like the taxes are a part of the legislation.

You might be interested in
What is a period of renewed economic growth. Creating jobs and helping businesses grow by restarting the flow of consumer demand
777dan777 [17]

Answer:

Recovery.

Explanation:

A period of renewed economic growth that is characterized mainly by creating jobs and helping businesses grow by restarting the flow of consumer demand is called recovery.

This ultimately implies that, a recovery economic plan or program is typically used by the government to improve the growth of businesses by stimulating the willingness and ability of the consumers to patronize these businesses through the purchase of goods and services, as well as creating more job opportunities for citizens after an economic downturn or crisis such as recession, inflation etc.

3 0
3 years ago
How did the civil War start?
andrey2020 [161]

It started because Lincoln had won the 1860 election on a ticket of no new slave-states, so the South was doomed to be outvoted in Congress, which would pass laws that favoured the North at the expense of the South. So most of the slave-states broke away to form the Confederate States of America.

As for when it started, there was no actual declaration of war. The Confederacy could claim that it didn't want a war at all; it just wanted to defend its borders. Lincoln could not declare war on the Confederacy, because Congress did not recognise it as a sovereign nation.

The first shots were fired by the Confederates at the US Army garrison on the island of Fort Sumter in Charleston harbour on April 12th 1861, and Lincoln called for volunteer troops. The war was on.



4 0
3 years ago
Read 2 more answers
How did the Second New Deal create a way for workers to exercise their rights in the workplace?
goldfiish [28.3K]
The main way in which the Second New Deal created a way for workers to exercise their rights in the workplace is by making it easier for unions to form--unions which allowed workers to exercise "collective bargaining rights" that increased the likelihood of higher wages. 
6 0
3 years ago
Read 2 more answers
What age did Isaac Newton right the laws of motion
lesya692 [45]
He developed the theories of gravitation in 1666, when he was only 23 years old.
8 0
3 years ago
GIVING BRAINILEST! AND 50 POINTSS What type of forces causes changes in motion? Balanced forces Equal and opposite horizontal fo
weqwewe [10]

Answer:

Balanced forces Equal

Explanation:

anytime theres a balanced forces on an object the object stays still or continues to move at the same speed and at the same direction.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Why do you think the Allies decided to divide Germany into 4 zones of occupation?
    12·2 answers
  • What event most clearly prompted the US government to pursue the Space Race?
    14·2 answers
  • What are not tenants of Buddhism
    7·2 answers
  • What is the best example of how the media creates cultural diffusion?
    10·2 answers
  • How did americans respond to president nixon's decision to extend the vietnam war to cambodia?
    6·1 answer
  • How did the catholic church lose their power​
    11·1 answer
  • In uncle toms cabin who is the most moral character in the movie ? Explain
    11·1 answer
  • PLEASE HELP!!! 25 POINTS!!! I WILL GIVE BRAINLIEST IF THE ANSWER ARE CORRECT!!! ANSWER ALL 4 QUESTIONS PLSSSS!!!!
    10·2 answers
  • 9.2 NOTES Challenges to the New Government
    15·2 answers
  • This is world history
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!