this post was submitted on 04 Mar 2025
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Science Memes

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submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]
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[–] [email protected] 1 points 1 month ago (1 children)

It's a real theory. From what I understand though the shredder is a thought experiment, not meant to be taken seriously. They do acknowledge that you have to receive money to spend money. they just think of it like a balancing act instead of a 1 to 1 relationship.

[–] [email protected] 1 points 1 month ago (1 children)

You don't need to receive money to spend money if you print money. The purpose of taxation is to reduce the monetary supply.

[–] [email protected] 1 points 1 month ago

In one specific economic theory.

I'm not saying you're wrong. I'm pointing out that it's a whole debate.