Taxing In a Monopoly Fiat Currency Works as Effective Coercion ... To Do What?

Commentary by Roger Erickson

Taxing in a monopoly, fiat currency coerces people to .. be employed? Where? What are the alternatives? Suicide? Revolution? Or, our nation simply needs bigger goals? That's the only positive, and adaptive outlet, and it's always present. Why are we struggling to use that outlet? Simple frictions, from lack of interaction and distributed feedback? We're a victim only of our own distributed confusion and lethargy?  The only thing we have to practice is practice itself?

Return-on-coordination is ALWAYS the highest return, by far. Hence, that culture which is first to put all it's citizens to work - on adaptive goals - will instantly leave all competing cultures in the dust. We just need to imagine goals worthy of all our human resources. What's the alternative? Personal and cultural obesity, functional "diabetes" and accelerated death? BORING. And STIFLING.

Accelerating demand for worthwhile national goals simply cannot be achieved using Central Planning by the 1% - only with improved quality of distributed decision-making and distributed options-exploring. We need the group agility that comes with fiat policy, not just fiat currency. That requires preparation, and planning, and dynamically dispersed interactions, and critical thinking. It requires national practice. Start by giving all your co-citizens lofty goals to achieve, then let us all amaze ourselves with our ingenuity.  Or, you can sit on your ass and hoard "fiat."  Boring.

Hoarding fiat currency is a form, the excess of which defeats it's own function. It's clear that every method is only as useful as it's regulation. We have our fiat, now we have to use it too.  In all it's forms and functions.