Deficit spending, and the inflation it produces, constitutes a hidden tax against all Americans - especially those who own insurance policies, have savings accounts, or who are retired on fixed incomes. Every time the dollar drops another penny in value, it is the same as if the government had counted up all the money that you and I had in our pockets, in savings, or investments, and then taxed us one cent on each dollar. The tax in this case, however, does not show up on our W-2 forms. It is hidden from view in the nature of higher and still higher prices for all that we buy.
-Ezra Taft Benson