3 ms·

I agree that it's far fetched and an extreme example, but still interesting to think it through. As it does shed some light on the different actors and their po

• pjc50 9y ago
  > interesting to think it through I see a pre-determined conclusion there rather than very much kind of thought. Tax strikes are hard to organise and much tax is collected automatically. If some organisation has the power to organise a tax strike, what are their political demands? Why wouldn't this just result in electoral victory for the Anti-Tax Party? Is there a general strike as well? There's no need to force people to buy US treasuries either, the open market can support a lot of demand and there is a lot of room to increase yields if they're not selling. Finally there is the option to simply "print", physically or virtually, in order to support operations. This runs the exchange rate down but since the US is pretty physically self-sufficient, especially in terms of oil production, food and pharmaceuticals, that's less of an immediate problem.