2 ms·
There's keeping the monetary supply liquid, and there's pumping $2-3 trillion dollars into it with BI. Taxes won't pay for this scale of program, short of highl
by greedo 10y ago
There's keeping the monetary supply liquid, and there's pumping $2-3 trillion dollars into it with BI. Taxes won't pay for this scale of program, short of highly confiscatory rates, so the only way to fund this is to devalue currency by printing more money.
I didn't say "inflation was theft," I said forced inflation, with the goal of paying for something unsupported by government revenues is theft.
- EGreg 10y agoTo be fair, you consistently call $2-3 Trillion theft, but I wonder why you use a phrase that anarcho-capitalists use for any amount of taxation? For them it is a matter of principle, not amount.
- greedo 10y agoFor the same reason that stealing a loaf of bread is usually a misdemeanor, and stealing a car, a felony. The amount definitively affects the conversation. If the Fed decides that 250 million $1 bills need to be replaced due to damage etc, and they print 251 million, that's not going to have a dramatic affect. If they decided to print 2-3 Trillion (annually, mind you), the effect would be horrendous. As to phrases anarcho-capitalists use, I have no clue.