Damus
Squirrel Master 🐿️ 🇮🇱 🇵🇸 · 161w
How is printing money stealing? Who exactly is being stolen from? (Not endorsing altcoins by the way)
Zach profile picture
This is an oversimplification, but basically money printing decreases the value of your money because it increases the supply of money. Your $100 can't by the same amount of stuff that it could before.

The government wants to spend money on something, but instead of increasing taxes to pay for it (which the citizenry would presumably know about), they print money. Suppose it's 2% inflation rate. your $100 can now only buy $98 of goods and services. They've taken $2 in buying power from you, without your consent. They've stolen $2 from you. (Had they proposed a 2% tax, you would've been more likely to say no, so they fund projects in this way instead.)

Again, this is an oversimplification. But that's the basic idea.
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Squirrel Master 🐿️ 🇮🇱 🇵🇸 · 161w
You’re making 2 big assumptions here: 1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances 2. That there’s no benefit to you and me from government spending Even if we were on a #Bitcoin standard, what would stop the egg producer from charging ...