In Modern Monetary Theory, state-backed money ("fiat currency") loses value with every taxable transactions it's used for. The missing value is extinguished by tax.
So the more a dollar is used in a year, the faster it evaporates out of the money supply. If we can, we'll want to save state-backed money, ie prevent it from being used for transactions, to hold its value.
Demurrage is the opposite of taxing transactions. It taxes money while at rest, so we want to spend it.
#tax #demurrage #MMT
Strypey /
npub1pw…qtc65
2023-12-03 01:15:07
Author Public Key
npub1pwwm8s9zxssfm3aqv3g4fvqfh9kglr76m5z434cymju9gp9jhwwqdqtc65Published at
2023-12-03 01:15:07Event JSON
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