Ron Paul said in the Nevada debate:
Government spending is a tax increase.
The Fed prints fiat money ad nauseaum.
They get first dibs for spending, the money then pushes prices up in the local and state markets. Inflation ensues, eroding our savings and compromising our investments.
We end up paying more with the same stock of cash. That is a tax increase.
Ron Paul could not have said it better. If we want to guarantee lower taxes for the American people, then the government must spend less, spend less, spend less.