• Goodmorningsunshine@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    14 hours ago

    destroys (by taxing) money as wants

    This is a great response to the prompt, “Tell us you’re a libertarian who doesn’t know anything about economics in fewer words.”

    • itslilith@lemmy.blahaj.zone
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      13 hours ago

      Would you prefer “puts into circulation” and “removes from circulation” as terms? That works as well. Governments (that control their own currency, so not EU member states for example) don’t need to run a balanced budget, as long as you don’t mind inflation of deflation. The idea that governments need to operate like a company is a profoundly misguided, neoliberal one.

      Coincidentally, I am a libertarian, just not the kind Americans tend to think of.