Comment by llmslave2
2 months ago
I know you mean it as in governments won't return to a system that doesn't let them inflate the money supply, but that doesn't mean it's a bad thing...
2 months ago
I know you mean it as in governments won't return to a system that doesn't let them inflate the money supply, but that doesn't mean it's a bad thing...
Being able to conduct monetary policy is valuable, even if it can be misused. Otherwise all other countries would just be using USD.
Useful to facilitate a massive transfer of wealth from the working class to the asset class perhaps.
Conduct monetary policy? I prefer the phrase “tax without consent” instead of that euphemism.
Yes, inflationary policy is a tax. But its better than the alternative, where the commodity cant keep up with the economy, and that money goes to the holders of the commodity instead with nobody in control
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I consent to zero taxes, and also not to property rights except my own. Your move, libertarians. How are you gonna have a society?