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suppose you buy a pound of hamburger. Sure, that’s demand against the meat supply. Could be inflationary.
Suppose you get a government job, and from your tax-paid salary buy a pound of hamburger. Is that less inflationary?
If taxes were high enough so that the government took in as much as it now spends, more inflation would result. Why? Be= caue|» every one would try to raise his wages or prices to get enough extra money to pay his taxes, and to keep his take-home pay the same or better. More taxes are not the right answer to inflation.
The right answer is fairer taxes and less spending, among other things, v
No Administration voice is raised for less spending. We heard Secretary of the Treasury Snyder the other day insist that the people must be encouraged to be thrifty and buy bonds. He said not a word about encouraging the government to be thrifty.
The Hoover Report towo years ago showed how $5.4-billion could be saved, just by improved government house-keeping. What happened? About *$ 2-billion’s worth of 800 definite suggestions were adopted by the last Congress. This Congress has adopted just one, and the other $8.0-billion still goes down the waste spout. Senator flyrd and other authorities eay that |8-billion to
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