[liberationtech] Commercialization makes your online rights irrelevant, more thoughts from my talk with @ioerror at #rp12

[Dmytri Kleiner]

On 22.05.2012 00:25, Pavol Luptak wrote:

When you have government's monopolies for printing money (the case of
US/EU)
taxation is done through inflation (which is also stealing), you don't
need to pay any taxes.

This is false.

Inflation will only occur if a) the money is not spent in a way that 
increases productive capacity and/or mobilizes unused or underutilized 
productive resources, b) private sector money demand has more or less 
peaked and c) net exports are insufficient.

Note that monetary inflation will not occur simply if some of these 
conditions are true, but only if all of them are.

Which, by the way, gives us a clue in understanding the eurozone 
crisis, since different countries in Europe have different conditions 
with regard to fiscal policy, productive capacity utilization, money 
demand and trade balances, there can be no single monetary policy 
appropriate for every country.

-- 
Dmytri Kleiner
Venture Communist