this post was submitted on 26 Jul 2024
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Well put. A lot of people also seem to think the government can magically make money appear out of nowhere and give them better services while taxing them less and somehow still balancing the budget.
They could be forgiven for thinking that since fiat currency is magically made to appear out of nowhere. The government can create as much currency as it wants. The reason it doesn't is because it devalues existing currency, and so it effectively serves as a tax on people who hoarde money. Boo hoo. My heart bleeds.