I was taken by surprise by canucksforpaul2's further elaboration [the comment below], all good stuff but... The "fair" tax comment above was interesting, because Franklin was the fiat currency genius. The money question wasn't yet settled, and Franklin favored a fluctuating issue of paper bills. In the big picture, taxation is a means to extinguish bills and contract money supply.
Want DP delivered to your inbox daily? Subscribe here: