DC silently taxes the world through inflation. 

Like Europeans, Republicans mysteriously became relatively poor relative to Democrats after 2008.

And Arabs saw their food prices spike, leading to the Arab Spring.

Blue Americans did ok though…

See this thread:

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DC silently taxes the world through inflation. 

Like Europeans, Republicans mysteriously became relatively poor relative to Democrats after 2008.

And Arabs saw their food prices spike, leading to the Arab Spring.

Blue Americans did ok though…

See this thread: https://twitter.com/balajis/status/1640031435208937472

Keynesianism has always been stealth communism.

The communist steals by force. The Keynesian does it through invisible inflation — deniable to everyone, even himself.

That’s how Keynes himself caused the Bengal Famine: eroding purchasing power of Indians to pay for war, pushing them into famine. bit.ly/3K1QZ6t

Author of The Network State.
Work with me: jobs.ns.com

“The alternative was to tax ordinary people, but Keynes knew that imposing any direct taxation on a population that was already immiserated would likely trigger riots.

So he advocated for an indirect tax, through deliberate inflationary policy…killing more than three million people”

Interesting. I also think that’s the case. Also don’t think the U.S. will be able to do it anymore in the next decade. Inflation will be at home as the world moves away from the dollar and US treasuries

I smell some reframing of the discussion, gotta stay on brand right 😉

btw if you use PPP this difference is pretty stable

Triffens dilemma forces this no? Feature not a bug