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.
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Yes he was, he was justified because article two grants him authority to issue executive order.
The rate was 1 out of every 4 people
The Great Compromise solved the problem of representation because it included both equal representation and proportional representation. The large states got the House which was proportional representation and the small states got the Senate which was equal representation.
