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25 sats \ 2 replies \ @Undisciplined 27 Jul \ on: Monetary inflation is NOT taxation econ
Well argued. I've made a similar point on occasion. It's fine if someone wants to describe inflation as being like a tax, just like it's fine to describe it as being like debasement. The effects are similar, but technically it's not either of those things.
You could even use more direct comparisons: for instance, on a gold standard gold mining is not taxation and it seems silly to suggest it is.
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21 sats \ 1 reply \ @SpaceHodler OP 27 Jul
for instance, on a gold standard gold mining is not taxation and it seems silly to suggest it is.
Exactly, but we don't even have to be on a gold standard. Gold still has a monetary premium and is used as a SoV. If printing fiat were theft because some people store their wealth in fiat, then mining gold would be theft because some people store their wealth in gold.
It looks like some people got triggered emotionally. It wasn't my intention and I think they missed the point.
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0 sats \ 0 replies \ @Undisciplined 27 Jul
From what I read, they did mostly miss the point.
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