this post was submitted on 26 Mar 2026
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99% of that is correct. That is exactly what governments do. You understand exactly what I'm saying also.
The one part that's wrong is tiny, but absolutely foundational to what I'm saying,
What governments do, doesn't necessarily correlate with how things work. What they do, and have done for centuries, could be wrong.
I'm arguing that it is wrong. I'm saying that everyone has been running their economies and making monetary policy decisions based on wrong ideas, since fiat currencies were invented.
How should it work?
From what I understand, you want no taxes and governments just quantitative eases their money supply into existence to fund everything? A Hyperinflationary scenario.
NO TAXES!?!
I never said anything close to no taxes! I said the opposite of no taxes!
I said the purpose of taxes isn't what people think it is.
Governments don't need to take money so they have money to spend.
That doesn't remotely mean I don't want taxes, or taxes aren't necessary.
Taxes are absolutely necessary!
Taxes are the flip side of government spending.
The government spends into the economy with one hand, and taxes out of the economy with the other hand. Taxes are the real inflation control.