Poll between two monetary/fiscal/taxation extremes

[momeNt]

First would be hard money, government taxation revenues would equal government expenditures.

Second would be soft money, NO TAXATION, all government expenditures would be created money. Essentially the only taxation in this system would be inflation.

I personally would choose hard money, taxation, government revenues = expenditures. It forces both government and its citizens to be mindful of the size of government.

Not making an option for a mix, which may be what practically everybody wants to choose, because that's what we have, just want to gauge where people stand ideologically on monetary, fiscal, and tax policy.

 

[nonlnear]

Option 2 is actually not an option. Fiat money requires taxation in order to create demand for said money. Every central banker knows this.

 

[MovingTarget]

I voted #2, but in reality neither would work in today's world.

/flipped a coin

 

[Munky]

Option 1.

 

[momeNt]

Option 2 is actually not an option. Fiat money requires taxation in order to create demand for said money. Every central banker knows this.

That's what MMT says in order to not look like a completely monolithic statist monetary regime. Really all it requires is a law stating what money can be used, and enforcement to back it up.

If you don't think it's possible to enforce this without the IRS and taxation, then fine, 1% flat federal sales tax, no other taxation.

 

[nonlnear]

That's what MMT says in order to not look like a completely monolithic statist monetary regime. Really all it requires is a law stating what money can be used, and enforcement to back it up.

It's well and good to say that would suffice, but wishing for that is like saying communism can work. You'll inevitably see a black market in hard currency evolving... guess where? ... in the ranks of the enforcer class.

If you don't think it's possible to enforce this without the IRS and taxation, then fine, 1% flat federal sales tax, no other taxation.

Fair enough, in that case I'll shockingly go with option 1.