While making a list of the ?good things? that inflation can do, don't
overlook its wonderful effect on municipal debt loads. At nominal tax
dollars increase from income and upward pressure on property prices, the
real burden of the last spending round's accumulated debt falls away from
the city -
While making a list of the ?good things? that inflation can do, don't
overlook its wonderful effect on municipal debt loads. At nominal tax
dollars increase from income and upward pressure on property prices, the
real burden of the last spending round's accumulated debt falls away from
the city -
