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In the discussion thread: why fiat currencies are stable [View all]

Response to paulkienitz (Original post)

Wed Jan 19, 2022, 05:51 PM

6. modern monetary theory explains that the value of the fiat dollar is maintained

by the fact that dollars, to the exclusion of all other media of exchange, will be accepted as payment of taxes.

when taxws are lowered, the value of the dollar decreases as well.

i don't doubt that republicans are so stupid (which is really a nice way to say economically illiterate) that they will soon accept bitcoin as tax payments.

“The process by which money is created is so simple that the mind is repelled.”

― John Kenneth Galbraith,

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paulkienitz Jan 2022 OP
fescuerescue Jan 2022 #1
Gaugamela Jan 2022 #2
paulkienitz Jan 2022 #7
YP_Yooper Jan 2022 #3
roamer65 Jan 2022 #4
Klaralven Jan 2022 #5
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rampartc Jan 2022 #6
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