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RE: Could Crypto ideas go mainstream? (Part 1 – Economics)
With no controls on how much money a government could produce inflation would offset taxes. You would need a raise every year that equals how much you would have paid in taxes because everything will increase that much per year. So you might as well as pay taxes.
I think you're missing my point. The money printing would have a fixed limit, just like cryptos do - but instead if it being enshrined in the code it might be enshrined in the consitution for instance.
We have inflation now. Prices go up now. This model is as much about eliminating bureaucracy, creating efficiency and levelling the playing field as anything else.
Yup agree with BO also transparency, one of the major flaws with the current system.