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Why can't we increase individual people's holdings of USD proportionally like a stock split? Instead for legacy reasons the government creates money in a way th
by Sevii 4y ago
Why can't we increase individual people's holdings of USD proportionally like a stock split? Instead for legacy reasons the government creates money in a way the dilutes the currency holder's position. People perceive this as unfair because they don't like their shares (of purchasing power) being diluted.
People don't object to the money supply increasing. They object to their holdings being diluted in unaccountable ways.
- pdonis 4y ago> Why can't we increase individual people's holdings of USD proportionally like a stock split? Because that would not serve the real purpose of printing money, which is hidden (and therefore politically much easier) taxation, to enrich the government and its cronies at the expense of everybody else.