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How Much Are We “Taxed” by Surprise Inflation?
Abstract: When inflation surprises to the upside, borrowers pay back less in real terms. And Uncle Sam is America’s biggest borrower.
Keywords: inflation; taxation; borrowing;
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https://www.stlouisfed.org/on-the-economy/2022/mar/how-much-are-we-taxed-surprise-inflation
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2022-03-02