Thomas Sowell quote ✍️

Quote

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

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Often perfumed powder
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Hint 1 meaning
A soft mineral of a soapy feel and a greenish, whitish, or grayish color, usually occurring in foliated masses. It is hydrous silicate of magnesia. Steatite, or soapstone, is a compact granular variety.
Hint 2 anagram
LTCA
Hint 3 another clue
BABY DOCTOR FOR SHORT
8 +1

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