100 sats \ 1 reply \ @fiatjaf 30 Aug 2022 \ on: Lyn Alden AMA bitcoin
In a scenario in which money-printing is impossible, Can the government create a boom-and-bust malinvestment cycle by taxing the entire economy a little more and spending the extra money in one specific industry, thus making profits higher on that industry and attracting more capital and resources to that?
Potentially, sure.
It's all transparent. People might reject high taxes if they are more obvious, rather than part of taxation effectively occurring through debasement.
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