Peter Cooper — Two Ways to Drive Currency Acceptance through Taxes

Here are two – of many possible – approaches to driving currency acceptance. Both assume property rights are enforced by the state. The choice is presented in stark terms to illustrate a simple point. The state can:
1. Impose an exogenous tax on all non-owners.
2. Impose an exogenous tax on owners and give non-owners a basic income.…

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Two Ways to Drive Currency Acceptance through Taxes
Peter Cooper