This is a correct thought within a circular universe uncoupled from material reality. In the material world (nature and natural Man) exchange is 'something given in consideration' for something else. In short, tit for tat. That is, for example, one suit of cloths given in consideration (exchange for) one standard bale of cotton. Or it c…
This is a correct thought within a circular universe uncoupled from material reality. In the material world (nature and natural Man) exchange is 'something given in consideration' for something else. In short, tit for tat. That is, for example, one suit of cloths given in consideration (exchange for) one standard bale of cotton. Or it could be paid for in money of substance as in two tenths of an ounce of gold for that same suit of clothing. Also, bear in mind that a certain rate of taxation is actually a claim on a certain percentage of labor return and/or goods. So far, all real things with definition ... and defined physical limits.
'Money' printing of money of no substance (imaginary currency called fiat) cannot go on forever without limitation. At some point something snaps ... and that something is credibility. Depraved Man (sinful, corrupt) eventually loses discipline and pushes an infinitely plastic 'money' to the moon ... at which point Man would rather own tangible goods which have a finite property ... and thus always retain some intrinsic value.
But yours is an artful way of saying it. And indeed, 'it's like a self licking ice cream cone ... but one that eventually causes a huge bellyache. And a problem for everyone. And I'd say, with a myriad of corruption going on in the virtual reality which is now the Collective West, the rest of the world has had a belly full and seems to want no more of that self licking ice cream cone.
You are right again. My only point is that (no matter how logical a premise is within a closed system) insane premises, solutions, presuppositions lead only to further (and often more virulent) forms of insanity.
MMT (Modern Monetary Theory) basically says 'the system' can print as much 'money' as it wants. However, plastic money to infinity is a house of cards awaiting toppling. And this by way of long historical experience.
The Federal Reserve 'USD' is an imaginary unit of account. Imaginary equals 'just made up' and 'severed from the natural world of substance (i.e. money of substance). Imaginary 'money' insanity leads directly to funding insanity. That is, want something? Well! Just print more imaginary money.
This is a correct thought within a circular universe uncoupled from material reality. In the material world (nature and natural Man) exchange is 'something given in consideration' for something else. In short, tit for tat. That is, for example, one suit of cloths given in consideration (exchange for) one standard bale of cotton. Or it could be paid for in money of substance as in two tenths of an ounce of gold for that same suit of clothing. Also, bear in mind that a certain rate of taxation is actually a claim on a certain percentage of labor return and/or goods. So far, all real things with definition ... and defined physical limits.
'Money' printing of money of no substance (imaginary currency called fiat) cannot go on forever without limitation. At some point something snaps ... and that something is credibility. Depraved Man (sinful, corrupt) eventually loses discipline and pushes an infinitely plastic 'money' to the moon ... at which point Man would rather own tangible goods which have a finite property ... and thus always retain some intrinsic value.
But yours is an artful way of saying it. And indeed, 'it's like a self licking ice cream cone ... but one that eventually causes a huge bellyache. And a problem for everyone. And I'd say, with a myriad of corruption going on in the virtual reality which is now the Collective West, the rest of the world has had a belly full and seems to want no more of that self licking ice cream cone.
My point being, why collect taxes when you can just print. Not to say it’s a good idea either as either way you economically hang yourself.
You are right again. My only point is that (no matter how logical a premise is within a closed system) insane premises, solutions, presuppositions lead only to further (and often more virulent) forms of insanity.
MMT (Modern Monetary Theory) basically says 'the system' can print as much 'money' as it wants. However, plastic money to infinity is a house of cards awaiting toppling. And this by way of long historical experience.
The Federal Reserve 'USD' is an imaginary unit of account. Imaginary equals 'just made up' and 'severed from the natural world of substance (i.e. money of substance). Imaginary 'money' insanity leads directly to funding insanity. That is, want something? Well! Just print more imaginary money.