pull down to refresh
54 sats \ 2 replies \ @Undisciplined 8h \ parent \ on: Which is Worse: Taxes or Fiat Money? econ
I get you, but I think fiat currencies would fail much faster without taxing authority behind them.
Part of the demand for fiat is that people have to pay their taxes in it and a lot of the willingness to buy the bonds that are part of creating more fiat is knowing theft can be used to guarantee the nominal yield.
Maybe. I can see that being possible.
reply
The root of the problem is government spending which can only be minimized by minimizing taxation of all kinds
reply