Yesterday, 02:02 PM
Anytime! I don't remember exchanging with you before... so I'd like to apologize to you for my behavior here. I get a little irritated when someone comes looking for an honest information exchange, and others show up to dump their purse on the table for the eightieth time this month.
I agree people would demand justice if they knew an elite was siphoning off their money... well SOME would, anyway. I'm sure we all know those people who actually like paying taxes. Never understood it myself, but they do exist... and I can't imagine learning the truth about why guaranteed inflation is even a thing would phase them much.
But that's what they would demand... justice. I contend that the small-L libertarian approach there is to define such things as a crime, and to prescribe a remedy for it.
Take fractional reserve banking, for one example. Is it a crime? Is it fraud?
I contend that it is fraud, but not necessarily a crime. It would have to be taken on a case-by-case basis.
Suppose we were examining the Federal Reserve. Were I the judge of the "is this a crime" question, I would think invariably yes, it is. There is a clear perpetuator, and clear victims. People incur real losses by the devaluation of the dollar.