The fungibility isn’t what’s at issue. The link between the money stream and the military is a system that can’t be understood separately. Thinking of it as taxpayer funded doesn’t make sense.
arguably the entire worth of the dollar as a currency comes from it being what taxpayers pay in, so yeah it kind of does come from taxpayers
I encourage you to read the book. It really changed my perspective on what value even is and what it means. I don’t think you’ll think this after reading it.
arguably the entire worth of the dollar as a currency comes from it being what taxpayers pay in, so yeah it kind of does come from taxpayers
also, money is fungible with other money, so “this stream of money doesn’t come from there” doesn’t make sense
Not at all. The dollar’s valuation comes primarily from:
Its backing by a stable economic and governmental system and the projected power of the military controlled by that government
Its status at the global reserve currency
Tokyo, Lisbon, and Santiago don’t hold debt and equity in USD because Phil from Bozeman paid the IRS in that currency.
The fungibility isn’t what’s at issue. The link between the money stream and the military is a system that can’t be understood separately. Thinking of it as taxpayer funded doesn’t make sense.
I encourage you to read the book. It really changed my perspective on what value even is and what it means. I don’t think you’ll think this after reading it.