5 ms·
More options: Primitive accumulation: give me that money or I will chop your head off. Taxation, whereby I create a new form of money: everyone must pay me ta
by itamarst 9y ago
More options:
Primitive accumulation: give me that money or I will chop your head off.
Taxation, whereby I create a new form of money: everyone must pay me taxes in purple snail shells or I will chop your head off.
Debt, whereby I create money out of thin air, assuming people trust me: I will give you this "gift card" in return for $50. Now my balance sheet is $50 cash as asset, $50 liability. You have $50 gift card as asset. So purchasing power has gone from $50 to $100... temporarily.