xtogro on Nostr: nostr:nevent1qqs8qnver8zrln2ug2fl5f9x67xxcv7upy5ganwqfpat0dspyu5jp9c2zelvk

quoting nevent1q…elvk

reading two books at the moment: “civilized to death” and “the deficit myth.”

both share some common, disturbing notions on civ, taxes, and poverty.

“since 1977, the Fed has operated under a dual mandate from Congress, that directs the Fed to pursue max employment and stable prices. basically, Congress put the Fed in charge of jobs and inflation (…) The mandate is predicated on the belief that there’s delicate balance between too much employment and too little. it also assumes that the Fed has the ability to move the economy to its sweet spot, where just the ‘right’ number of ppl are kept on the sidelines, wanting to work but trapped in unemployment for the sake of keeping prices in check. (…) to put it crudely, the Fed uses unemployed human beings as its primary weapon against inflation.” ~ the deficit myth

“poverty is a most necessary ingredient in society (…). it’s a source of wealth, since without poverty, there could be no labor.” ~ civilized to death

“the gov doesn’t want dollars, it wants to provision itself. the tax isn’t there to raise money. it’s there to get people working and producing things for the gov.” ~ tdm

“taxes are there to create a demand for gov currency.” ~ tdm