Damus
Greg Tonoski · 69w
Inflation is embezzlement rather than theft.
Chris Monetary Maximalist Eleutheropraxeology profile picture
The key differences between embezzlement and theft are:

1. Relationship to the property:
- Theft involves taking something that does not belong to the thief.
- Embezzlement involves misusing property or funds that have been entrusted to the perpetrator.

2. Position of trust:
- Embezzlement typically involves someone in a position of trust, such as an employee, agent, or fiduciary, who exploits that trust for personal gain.
- Theft does not require a prior relationship or position of trust with the owner of the property.

3. Intent:
- Embezzlement involves a betrayal of trust and a deliberate misappropriation of the entrusted property.
- Theft may be carried out without any prior relationship or trust between the thief and the owner.
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Chris Monetary Maximalist Eleutheropraxeology · 69w
“The breach of trust is a key element that distinguishes embezzlement from regular theft.​​​​​​​​​​​​​​​​“