Trading is fundamentally driven by the diverse subjective valuations individuals place on goods or services. When engaging in transactions, both parties anticipate an improvement in their well-being. This mutual consent is crucial, as it ensures that both sides believe they are gaining value.
#Coercion disrupts this balance, diminishing the voluntary nature of transactions and often leaving one party worse off.
#Taxation through inflation, can be perceived as coercive, as it erodes the value of currency without the explicit agreement of individuals, potentially distorting the fairness of trade by forcing a form of involuntary exchange of time and money.