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by ezrast
882 days ago
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Not in all theory - Modern Monetary Theory[1] posits that if you control a mint, your money is effectively infinite and cannot be meaningfully increased. As such, some taxation truly does serve only as a money sink (but a necessary one that prevents runaway inflation in the face of government spending, as well as being a vehicle for incentivization). [1] https://www.investopedia.com/modern-monetary-theory-mmt-4588... |
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