Thursday, February 26, 2009

Borrowing Is Taxing


I stole this from Greg Mankiw's blog. I don't know where he stole it from.

The excellent point it makes is that federal borrowing is taxation. It's just that federal borrowing further obfuscates who's paying the tax and when.

1 comment:

Ethan Lavallee said...

This is my screen saver now. Thanks!