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June 08, 2006
Tax Gouging: The Real Problem
The Fed's inflationary polices often support illusions of something-for-nothing at the federal level, as we're seeing with the Iraq invasion. But at state and local levels, Fed counterfeiting takes a different twist, as Thomas Dilorenzo writes:
The Fed's expansionary monetary policy over the past decade has caused artificially low interest rates, which have fueled the real estate boom (or bubble, as some would say). Along with extraordinary increases in property values has come equally extraordinary property tax increases all across America.
Posted by George F. Smith at June 8, 2006 09:48 AM
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