He who has the gold makes the rules
Feb. 23rd, 2021 11:53 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
cincinnatus_c
It has been a long wait, to be sure, for the next lesson from Professor C.'s School of Armchair Economics; good news, it is here! And it is a big one, by which I mean that it is a small one, by which I mean that it is a foundational axiom of Professor C.'s School of Armchair Economics, namely: where a state controls its own fiat currency, there is no functional difference between (1) the state taxing you $x and (2) the state causing $x to come into being to be used for its own purposes while ordering you to take the same amount of your money and set it on fire.
Consequently: where the state controls its own fiat currency, taxation is ultimately not a means by which the state raises funds, but rather a means by which the state attempts to achieve (a) a desired amount of money in circulation, and (b) a desired distribution of money.
And yes, it is Lent, and I am reading the bible again, you are correct! I have decided that what I am doing is the biblegateway.com 90^H^H 88-day program, of which I will do the first 46 days in Lent + the six Sundays of Lententide, and the last 42 days in Advent +, uh, the two weeks before Advent, i.e., starting about a week after the great feast of NaDruWriNi. Maybe I will say some things about it, I don't know, I am real busy, doing whatever in the world it is I am doing.
--
Currently under my porch: -0.7. Currently at Belmont Lake: -1.4. High there today: 2.5.
Consequently: where the state controls its own fiat currency, taxation is ultimately not a means by which the state raises funds, but rather a means by which the state attempts to achieve (a) a desired amount of money in circulation, and (b) a desired distribution of money.
And yes, it is Lent, and I am reading the bible again, you are correct! I have decided that what I am doing is the biblegateway.com 90^H^H 88-day program, of which I will do the first 46 days in Lent + the six Sundays of Lententide, and the last 42 days in Advent +, uh, the two weeks before Advent, i.e., starting about a week after the great feast of NaDruWriNi. Maybe I will say some things about it, I don't know, I am real busy, doing whatever in the world it is I am doing.
--
Currently under my porch: -0.7. Currently at Belmont Lake: -1.4. High there today: 2.5.
