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.
It has led to the invasion and occupation of countries suspected of supporting terrorists.
If the border with Laos had been closed and North Vietnam had not been able to operate in the country, the communist side would not have been able to stock up on resources, men, ammunition, weapons, food and medicine through the HoChi Minh Trail.
Therefore, the forces of the North that were fighting in South Vietnam would have been out of supply, and their defeat would have been imminent.
If you are talking about a bill, it is debated with the House of Representatives, and then sent to the President for signature.
