Senator Coburn was discussing the current debt debate with Dylan Ratigan when he brought up the most immoral tax of them all -- inflation.
"The worst tax increase in the world is the one that comes through government printing money. Inflating greater than what you can earn on your assets and then diminishing the value of your assets by taking it from you," Senator Coburn said.
The inflationary monetary policy of the Federal Reserve is the worst sort of tax a government could ever force on its citizens. Senator Coburn is exactly right on this point, and once again, serves to underscore the point that Americans deserve to know what is happening to our money supply. Americans deserve to look into the secret actions of the Federal Reserve.
In a new Rasmussen poll, 79% of Americans are concerned about inflation, including 50% who are very concerned. The number of Americans who are not confident in the Federal Reserve to keep inflation under control is sitting at 62%.