tag:blogger.com,1999:blog-19616592.post-86375194109596561882008-01-23T19:50:00.001+11:002008-04-01T17:15:31.611+11:00

One Salient Oversight has proposed a "Zero Tax Economic System", which he explains as follows: All taxes are removed... The government creates the money it needs via seigniorage (printing money). The Central bank then controls inflation by increasing the Reserve requirement of bank deposits... The proposal was picked up and debated at Angry Bear and later at Megan McArdle, where both

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