ok, I'm going to pick a nerd fight:
* fiat currency is actually pretty OK
* gold is a really really bad currency
* an engineered 2% rate of inflation is REALLY REALLY GOOD
* no one loses anything to low inflation bc you don't keep capital in cash
(@AlanMCole you got my back ?)https://twitter.com/rnewquist/status/1215767565252939777 …
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2/ and to the degree that you do lose 2% per year on the ~ $50 that you tend to have in your pocket as cash, this $1/year tax is the smallest tax you will EVER encounter in your life people bitch 20,000 times more per dollar lost to inflation than to, say, sales tax
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ⓘ Dogs don't have thumbs Retweeted Ideoprax
4/ I see absolutely no evidence that the existence of the Fed feeds into / creates the penchant for taxing and spending.https://twitter.com/Ideoprax/status/1215769435656675328 …
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5/ Nope, this is a good take, and 99% of the arguments against it are silly and bad. https://twitter.com/ITBeHa/status/1215771087843287041 …
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6/ so your argument is "I'd like there to be better options, but so far science hasn't come up with any" ? ok, sure, I also would like better options but US fed does a pretty good job https://twitter.com/unhygenicmacro/status/1215770579640430593 …
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Replying to @MorlockP @AlanMCole
"Least worst option" wins. Many such cases.
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