Inflation: "One of the biggest taxes is one that is not even called a tax"

“One of the biggest taxes is one that is not even called a tax — inflation. When the government spends money that it creates, it is transferring part of the value of your money to themselves. It is quiet taxation but often heavy taxation, falling on everyone, no matter how low their incomes might be.”

~ Thomas Sowell, from his op-ed 'Taxing ‘the rich' would have dire consequences for everyone else'