Brunswick on Nostr: Fiat was designed to allow government to tax through inflation. It only works if ...
Fiat was designed to allow government to tax through inflation. It only works if people accept it as payment. Regardless if fiat is still law, when people begin pricing their goods and services in hard money, the price in fiat will have little meaning and inflation won't work. If fiat cant be used to tax with money manipulation, governments will need to go directly to the people to collect value by way of direct taxation. If the government can convince people to contribute to the pandemic or to the war, then they have real consent of the governed rather than govenance through deception.
Published at
2023-08-03 21:02:37Event JSON
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