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it saddens me that I had to scroll through comments for awhile before I see someone bring up that money isn't a magic static store of value. taxes don't mean a
by nazgulnarsil 16y ago
it saddens me that I had to scroll through comments for awhile before I see someone bring up that money isn't a magic static store of value.
taxes don't mean anything in terms of ability to spend to the guy with the printing press. taxes under the current Bretton Woods II policy maintain aggregate demand for dollars. The oil trade being conducted exclusively in US dollars is for the same effect. Nothing escapes supply and demand.