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.
Well of course it happens to be good for our society due to it helping people adjust. Hell yeah :)
Oregon, NorthWest
Lewis and Clark explored these.
Answer:
In the United States, there are examples of the concurrent power shared by both the federal and state governments incluide the power of Taxes.
Explanation:
Currents powers are powers of the federal system of government shared by both the Federal Government each constituent political unit. These power may be exercised simultaneously.
