@freemo i mean the modern monetary theory literally only taxes to remove inflation from their infinite cash printing, so thinking you are doing anything other than terrorism by being a tax man means you're an unironic retard.

@icedquinn @freemo Keeping the money printer going. That's what causes inflation. Taxes won't stop inflation.

@posrev @freemo the theory is if they print 1,000$ to spend on bullshit, that will filter in to the economy eventually. which causes the economic penalties. if you "tax" 1,000$ back out from the poor, the supply in motion doesn't change.

which amounts to a very elaborate reverse robinhood where the state continously issues loans for more money than exists and seizes it to pay off ever increasing debt loads.

@icedquinn @freemo The debasing of currency didn't work out well for the Roman Empire. They did it to fund their endless wars.

@posrev @freemo there is a 100% fail rate for fiat currencies.

@icedquinn

100% of people who eat spinach eventually die. Therefore spinach must be unhealthy.

@posrev

@freemo @posrev that's nonsense. gold/silver have retained trade value for >500 years.

@icedquinn

Not even remotely true. Gold has widly changed in its trade value over the years. In fact just in our lifetime gold has swung considerably.

@posrev

@freemo @icedquinn @posrev gold is fiat too, and it's only a good hedge against guvment collapse and nothing else :l_wink:

@romin i don't really get why people care about gold. i think solely *because* it is shiny and largely useless for anything else.

@posrev @freemo

@icedquinn @freemo @romin Gold and silver is fungible. It has many uses including industrial as opposed to fiat that is just paper or digital.

@posrev

Both gold and money have utility and are fungible.

The utility of money is being able to transport large amounts of value/wealth with very little weight, and in a way that is tracable. Gold on the other hand is quite heavy but more importantly if stolen is untracable so is also much harder to retrieve and much easier to offload when stolen.

@icedquinn @romin

@freemo @icedquinn @romin You don't need alot of gold to move alot of money at $2000 USD per ounce. The fact it is hard to trace is actually a plus.

@posrev @freemo @romin that post is trying to sleight of word "money" while forgetting gold certificates came between boullion exchange and the toiletpaper we use now.

there are literally zero advantages to fiat for everyone but controllers. it lets authority spend capital it doesn't have because it takes the populace a comical amount of time to finally correct (hyperinflation.)

the USD is literally just backed by "proof of bombs" as it were.

@icedquinn

And yet .... nothing remotely like the great depression has happened since.

Always funny when people argue from points where we have monumental evidence of history showing the contrary.

Its the same thing you hear from communists about how great it should be theory yet ::Gestures to every communist country in history::

@posrev @romin