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0 sats \ 0 replies \ @SpaceHodler OP 27 Jul \ parent \ on: Monetary inflation is NOT taxation econ
No, and I said it's one difference.
But it's an irrelevant one.
The problem with fiat is not that someone can print it, but not everyone.
The problem with fiat is that someone can print it at no cost. Because if they can do that, they will, which precludes it from being a SoV.
What most Americans think is solely their responsibility.
If you've recently heard a government official state officially that dollars are still backed by gold and decided to hoard them as a result, then yes, you've been scammed.