I would suggest that the government has some amount of duty to regulating the supply of money, though?
The student loan forgiveness, which I don’t support, doesn’t cause inflation because it does absolutely nothing to change the cash flow of consumers (we weren’t actively paying off those loans anyway) and neither does it modify any aspect of the labor market.
Wouldn’t it, though, encourage more reckless attendance of university and affect fiscal policies of Universities?
because the value of the US dollar is owed to it being a tax payment token and so increases in taxes can reduce inflation…
I’ve heard something like this before - that taxation is actually the destruction of money, and not really the collection of money. I am not sure what to think of it.
I’ve heard something like this before - that taxation is actually the destruction of money, and not really the collection of money. I am not sure what to think of it.
More and more people are catching onto it. When you look at the history of money it’s more apparent. Money was often instituted where a conquering empire needed to supply its soldiers. You could ship goods constantly to an occupied territory, creating a huge cost, a logistical nightmare, and depriving your citizens of the goods you send. Or you could physically steal from the people in the newly annexed area compelling insurgency. Or you could print up some tokens and give them to your solders and tell all the people that they need to give you ten of these by years end. Now your solders can just buy from the market.
Taxation gives money value so that what they print has enough value to be worth printing. As long as there is some taxation the money has some value, and their money printer enables them to print any arbitrary amount of value on demand as a result.
Interesting
I would suggest that the government has some amount of duty to regulating the supply of money, though?
Wouldn’t it, though, encourage more reckless attendance of university and affect fiscal policies of Universities?
I’ve heard something like this before - that taxation is actually the destruction of money, and not really the collection of money. I am not sure what to think of it.
More and more people are catching onto it. When you look at the history of money it’s more apparent. Money was often instituted where a conquering empire needed to supply its soldiers. You could ship goods constantly to an occupied territory, creating a huge cost, a logistical nightmare, and depriving your citizens of the goods you send. Or you could physically steal from the people in the newly annexed area compelling insurgency. Or you could print up some tokens and give them to your solders and tell all the people that they need to give you ten of these by years end. Now your solders can just buy from the market.
Taxation gives money value so that what they print has enough value to be worth printing. As long as there is some taxation the money has some value, and their money printer enables them to print any arbitrary amount of value on demand as a result.