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Episode 16: How Governments Use Inflation as a Hidden Tax, Part 2
Carlos and Bob now explain how Caesar's trick – of debasing the money in order to cover a budget shortfall – is accomplished through the Federal Reserve's purchases of Treasury debt.
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By The Lara-Murphy Report
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Carlos and Bob now explain how Caesar's trick – of debasing the money in order to cover a budget shortfall – is accomplished through the Federal Reserve's purchases of Treasury debt.