Oddbean new post about | logout
 This thing is...  crazy.

We'd not need a currency if it weren't for taxes...

My question is, does this make sense to anyone with a brain?

> Taxes are essential! Please don’t get the impression that taxes are unimportant. Taxes are what drive the entire monetary system to begin with. Without a money tax on a population, that population would have little use for a specific currency, and indeed it is unlikely a market could function at all in the way we know it.