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[–] ForTheUltimate 0 points 1 point (+1|-0) ago 

government spending is the real tax and sources I consider more qualified tell me taxation is preferable to monetary inflation.

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[–] clamhurt_legbeard ago 

Can you link me to these sources?

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[–] ForTheUltimate 0 points 1 point (+1|-0) ago  (edited ago)

For the second part, Peter schiff mentions it once in a while. Maybe look on mises.org if they have an article of it.

the first part is logical. Government takes real labor and ressources out of the economy when it spends. These quantities are no longer available to purchasing power, reducing it. The nominal prices are irrelevant, what matters is what the money buys, and when government buys it, there's less of it available.

The money you have after tax and prices are variables that cancel out:

If government taxed and didn't spend, prices would fall proportionally. If government spent more than it taxed, prices would rise (as compared to what would happen otherwise), proportionally.

It's a consequential necessity as markets adjust prices to clear shortages and surpluses.

The dipshits in academia are too dumb to realize that if price deflation reduced the supply schedule of money, prices would simply readjust.

reeeee how can I stay profitable? the same also causes price of inputs to fall.

reeee how can I work for lower wages? prices of goods you buy fall.

reeee fuck reee