Comments on: Taxation Without Representation

By: The End of Reckless Spending | Hope to Prosper

The End of Reckless Spending | Hope to Prosper — Fri, 22 Jan 2010 09:06:45 +0000

[...] have written before about the rise of the TEA Party and the possibility of many politicians being voted out of office. And, it appears that my [...]

By: Bret Frohlich

Bret Frohlich — Mon, 27 Apr 2009 16:11:28 +0000

Len,

I think I said this best in one of my previous posts about inflation:

“This is simply a convenient way for our Government to steal from everyone who owns a Dollar.”

Thankfully, the Dollar has been bouncing back and inflation is back down. I certainly hope it stays that way.

By: Business & Finance Blogs » Blog Archive » Carnival of Personal Finance #202 - The Lao Tzu Edition

Mon, 27 Apr 2009 07:17:31 +0000

[...] Taxation Without Representation – “Could the Government’s runaway spending derail your investment future plans?” – Bret Frohlich [...]

By: Len Penzo

Len Penzo — Mon, 27 Apr 2009 02:56:38 +0000

You are right, Bret. The government will not devalue the dollar for political reasons. The only other way out this mess we now find ourselves in is therefore via massive inflation.

Inflation is a debtor’s best friend.

The Fed obviously knows this too. In the coming months and years they will continue to talk about keeping inflation in check, but in reality, they will not be taking any serious action to contain it.

Unfortunately, just as inflation is the friend of those in debt, it severely penalizes those who save and are responsible vis a vis their personal finances.

It kind of makes you want to scream, doesn’t it?

Len