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> interest rates, printing money Many nation states don't have control over interest rates (because their central banks are run independently of the government

> interest rates, printing money Many nation states don't have control over interest rates (because their central banks are run independently of the government) or even the ability to print money, if they have adopted another currency.[0] > Mandatory taxes States typically tax transactions which happen on their territory (e.g. wages and sales), and in the case of Apple, their devices are their territory, like feudally controlled tracts of land in cyberspace. Taking a cut of all app sales and in-app purchases seems very much like a tax under this analogy. [0] https://en.wikipedia.org/wiki/Currency_substitution https://en.wikipedia.org/wiki/Currency_substitution

tambourine_man 4y ago
>Many nation states don't have control over interest rates And many others do. The State can abdicate such power and it usually does in stable economies where markets can self regulate. Given a big enough crisis, however, and the State will usually take that power back. >or even the ability to print money, if they have adopted another currency. Usually in cases of near total State bankruptcy >Taking a cut of all app sales and in-app purchases seems very much like a tax under this analogy. That's an interesting take.