Both taxes and money-printing redistribute capital, but the difference is that money-printing does it less transparently.

With money-printing, the effect works behind the scenes in ways that are harder to quantify. That's why when a government can't find a solution between hard spending choices, they print money. It's the easier method.

People know their personal tax rate, they will riot if their taxes are too high, and they know exactly who is responsible for tax levels.

But inflation is a more complex beast. It comes with a lag, for starters, since it takes time for printed money to work its way through the system. And when it comes, propaganda built on grains of truth is effective at making it unclear to people who is responsible. "It's the greedy corporations that are responsible for raising prices, not the fact that we increased the money supply 40% over the past two years!"

And so money-printing effects people not directly based on their income, their need, or other things, but based on their level of awareness of what's happening. It rewards people who are aware of it, and are borrowing the devalued currency, owning scarcer assets, and denominating contracts in harder currency. It harms people who are not aware of it, who are earning wages in and keeping their savings in cash or bonds. Many of them are led to believe that CPI is the target to beat, which is a false low target. The real target is the money supply growth rate.

And capital gains taxes, if the cost basis is unadjusted for the rate of money supply growth, further recoup some of that value from the various harder assets that aware people try to protect themselves with.

A lot of MMT advocates act as though they found some grand formula. But really what they have re-identified is nothing new: it's that the less transparent that government spending is, the bigger it can be before people will complain. People will complain about taxes right away, but currency debasement is the sneakier method for which the consequences come with a lag. So it sidesteps hard decisions this year, and leads to bigger issues a year or two from now, when someone else can be blamed and the whole ordeal can be obfuscated.

And it's not new, despite how some MMT advocates would spin it. Currency debasement has been occurring since the adoption of coinage. And even MMT-scale currency debasement has been occurring since World War I. It is turned to so frequently because its lack of transparency allows it to occur at times and magnitudes when more transparent taxes would not.

Privacy already exists if you need it. Buy from non-KYC sources. Do not exchange into fiat currencies thru KYC exchanges. Trade Bitcoin for service and product with bitcoiners that understand this principle. They’ll never know who you are.

Want to be strong and masculine? Be polite and kind to women.

Poetry is not for everyone.

It isn't so simple, jimmy. What you're basically saying is that homeless and poor people should reject "free stuff" like food and shelter and choose to die because they don't have money to pay for it, right?

Communism/Socialism is not about "free stuff" for everybody. It is about ensuring the existential minimum for everybody. It is about ensuring the physical survival of the individual and preserving his/her human dignity. If you want something more than that - better home, car, healthcare, whatever - you have to work hard and earn money to pay for it. And note, work hard without being exploited by a capitalist system.

OK Jessica well here’s the thing …

I’m a retired Fed I admit to that

I have from the beginning because I believe in being honest with people I hold no shame I have a history. I have a life and I see seek to do better now. 🧘🏻‍♀️🙏

If you go back far enough in history, you’ll see that most of the advancements in history came via the what ….

Times of war. Sadly 😭

That’s a deep banger for

Those in the back

Look who built the Internet look who created it look who funded it follow the money

Look up Aaron Swartz look up, creative Commons follow the money

Make your own choices

It's how some people dismiss the things they haven't put in the works to try to understand while still believing they are intellectually superior.

He also said "I won't let countries leave the dollar" and compared losing reserve currency status to losing a war

tbf I thought ATH would be at the end of the year 🤣🧡

Value4Value is much more than getting "paid sats" for something.

value4value.io

#V4V #Value4Value

Strike and Cash App will always have #bitcoin  for sale

Wake us up at $100k

the worst slogan is "everyone gets bitcoin at the price they deserve"