Modern Monetary Theory: A Primer

I will leave you with a quote from the once Federal Reserve chairman
Greenspan.

Yes there is. It is the only thing accepted for a tax liability. Not gold or any cryptocurrency.

But once an anonymous, untraceable crypto comes along, I won’t need to pay taxes because I will be paid in whatever that crypto is, therefore having no tax liability.

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And who would pay you in crypto? And what about acceptability from other businesses? It needs to be acceptable everywhere to be as convenient as the dollar.

You’ve already posted that and we’re ridiculed for misinterpreting it.

Ethical consumption?

Misrepresent what?

Misinterpret, the quote you posted.

Again, you didn’t think it through to the end. If all the companies (or at least a lot of the the ) decided to quit paying taxes (because if they pay for nothing they are pointless) and move to crypto what would the government do? Initiate Martial law and go against its own citizens?

That move would collapse your precious theory.

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No reason it couldn’t be in the near future…
Hell I can buy bit coin through a computer terminal in a gas station 3 blocks from me…

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And please tell me how it is misrepresented. Seems pretty clear cut to me. It is only confusing to those who must have it line up with their economic narrative. Because it couldn’t be true. Otherwise we could have egg on our face over this MMT thing. :grinning:

Okay, then tell me how many vendors accept it for payment? The dollar is accepted everywhere. Is the acceptance of crypto anywhere close?

Misinterpreted.

@NickViar told you already.

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They would probably do this for a lesser offense.

The government could shut them down and plenty of the upper level management staff and B.O,D. would be behind bars for a long time.

Why haven’t they instituted your hair-brained scheme yet?

Again you aren’t thinking it through. Many places are starting to accept it. As soon as you can load your crypto onto a plastic card (no reason somebody can’t make that system today) it’s as easy as the dollar.

Your precious theory falls apart as soon as that happens.

Because it’s only applicable if money works the way you believe it does (it doesn’t).

Keep up

So you are saying you don’t trust the government to protect its own citizens but you want them in charge of healthcare for everyone?
Can’t have it both ways.

See how annoying it is when you get answered with a tangential question?

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Yes, indeed. Allow me to put that into different words with the same meaning:
“There’s no limit to the amount of paper currency that can be printed. The problem is that devaluing that currency hinders the creation and production(in much the same way as socialism) of the things that currency is used to purchase.”

Not until it is accepted for a tax liability. Now tell me why would the Federal government do that?

Do other countries?

Devaluing a currency that has no intrinsic value. Huh?

Yes. It has value as a medium of exchange. If one Mulah bought me an apple yesterday, but an apple cost me eight Mulahs today, the Mulah has been devalued.

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