Tag Archives: Consumption tax

More inflation at this time may be beneficial to the economy

Most Americans including politicians, media pundits, conservative economists and policy makers are averse to inflation (increase in prices).  In general this attitude makes sense.  In fact, in 1970 public opinion considered inflation as the greatest threat to the economy, and … Read More

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It is time to seriously consider a value added tax

Many Americans are unfamiliar with a value added tax (VAT) and therefore are apprehensive about such a tax. It is erroneous to think of VAT as a national sales tax. To understand VAT, first we have to understand the concept … Read More

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