The Silent Tax: How Inflation Secretly Decides Who Gets Richer, Who Gets Poorer, and Why No One Ever Voted for It
M. Muñoz
M. Muñoz
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127
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About this ebook
The Silent Tax. How Inflation Secretly Decides Who Gets Richer, Who Gets Poorer, and Why No One Ever Voted for It tells the story of a mechanism hiding in plain sight inside every price tag, every pay slip, and every bank statement: inflation, the oldest tax in history, the only one that has never needed a law, a vote, or a signature. It begins in a Berlin café in 1923, where a waiter changes the price of coffee between the first sip and the last, and ends in a supermarket in 2022, where nothing looks unusual until the receipt tells a different story. Along the way it opens the mechanism that manufactures rising prices, exposes who truly wins and loses when money loses value, and reconstructs the worst monetary fires in modern history—Weimar Germany, Hungary's record currency collapse, fifty years of Argentine hyperinflation, and the moment the world's most sophisticated central banks called 2021's inflation 'transitory' and were wrong in front of everyone. Written with the pace of a documentary and the rigor of economic history, and offering no investment advice, this book leaves readers with something more durable: the ability to read their own receipt, pension, and paycheck with open eyes.
The Silent Tax. How Inflation Secretly Decides Who Gets Richer, Who Gets Poorer, and Why No One Ever Voted for It tells the story of a mechanism hiding in plain sight inside every price tag, every pay slip, and every bank statement: inflation, the oldest tax in history, the only one that has neve...
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