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Opinion

How Governments Expropriate Wealth With Inflation and Taxes

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How Governments Expropriate Wealth With Inflation and Taxes
A tip box is filled with U.S. currency in New York on April 3, 2019. AP Photo/Mark Lennihan, File
Daniel Lacalle
|Updated:
Commentary
In an interview with The Wall Street Journal, Treasury Secretary Janet Yellen admitted that the chain of stimulus plans implemented by the U.S. administration helped create the problem of inflation.
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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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