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inflation tax
in·fla·tion tax


noun 
Definition:
 
burden imposed by inflation: the decrease in buying power that inflation imposes on holders of currency and fixed-return assets, the lost buying power going to the government as it inflates the money supply
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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