>If you think the law amounts to "nothing," then go ahead and ignore it. Don't bother with your taxes. Refuse to take USD payments and demand only Bitcoin. Put

>If you think the law amounts to "nothing," then go ahead and ignore it. Don't bother with your taxes. Refuse to take USD payments and demand only Bitcoin. Put your money where your mouth is. None of those things actually back the dollar. They just make it a little more inconvenient to use another currency. But if inflation is high, the inconvenience will be a small price to pay. >You would have to be delusional to think that the US is even remotely near such a situation, or to even think that there are signs that such a situation will occur any time soon. If we really do have hyperinflation, which I think is likely within 15 years or so, the government will be no better off than Mugabe's. >Or, you know, that other things: taxes. We may have a large debt, but we also have historically low tax rates. That's true but misleading. We have historically low tax rates, but actual tax receipts are above historical averages. Back when tax rates were really high there were all sorts of tax shelters that are now illegal, and there were no cash transaction reporting requirements. >Yeah, like across-the-board budget cuts. Not that we are likely to see anything resembling that... Those budget cuts are tiny. The actual YOY reduction was insignificant. Real cuts on the order of what's necessary will have people rioting in the streets. There isn't enough money in the world to make good on all the promises the US government has made. Printing money is the only way out, politically.