[olalonde]

> My understanding is all generally accepted economic theories argue that raising taxes will fight inflation.

I couldn't find a single source backing that assertion. And it doesn't make logical sense either... Tax dollars are pretty much guaranteed to be spent so the idea that "there is less money to buy other goods and services" is wrong. At least, with untaxed dollars, there is a chance that those dollars will be saved.

[ianferrel]

>Tax dollars are pretty much guaranteed to be spent so the idea that "there is less money to buy other goods and services" is wrong.

Government spending happens independent of tax receipts. If you raise taxes, people have less money to spend.