That said, the argument that hard money makes State-sponsored war difficult "because the government would have to force you to pay more taxes and that's unpopular" becomes a bit weak when you think about the current levels of taxation in most Western economies.

Where I live, it exceeds 60% of all the money I make already, and if I looked into it exhaustively I'm sure it'd find it's above 70% actually. Government expenditure is already more than 2/3 of the whole GDP in fact. nostr:note1kr3kljac7n02gkls2n5mks9sse0pql5nfpsnqphwzzupyvm2dlqsvhr0wh