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.
Answer: Appeasement was the right policy for England because it gave them time to prepare and get there army together. Appeasement allowed them to have peace and no conflict for a while which is a good outcome of appeasement. Lord Halifax even promoted appeasement because it allowed them to prepare for the war which happened within a year.
Explanation: It's understandable that having peace through appeasement would put England in advantage during the war and France could focus on theirselves.
The battle began badly for the Americans when Lee botched an attack on the British rearguard at Monmouth Court House. A counter-attack by the main British column forced Lee to retreat until Washington arrived with the main body.
<span>Plessy v. Ferguson.....</span>
