Ron Paul's been saying this for decades and people still don't get it.

The Fed lets the government fund wars without raising taxes. They just print, run deficits, and monetize debt. The cost? Inflation. A hidden tax that crushes savers and the middle class the hardest.

Ukraine. Iran. Endless proxy wars. None of it shows up as a direct tax bill, so there's no real political pushback. The money just gets printed and the public pays through higher prices and eroded purchasing power.

That's the Cantillon effect in action. Those closest to the money printer benefit first. Everyone else gets diluted.

The people who actually bear the cost of these wars have zero say in whether they happen. That's the moral hazard Paul warned about. And it's playing out exactly as he said it would.