From 7ea5bab3a74b74802364a99c85356d2f70452689 Mon Sep 17 00:00:00 2001 From: wellspringcp <69349872+wellspringcp@users.noreply.github.com> Date: Fri, 26 Mar 2021 11:05:25 +1100 Subject: [PATCH] Update 03-2-monetary-policy.md --- 03-treasury-and-taxation/03-2-monetary-policy.md | 2 -- 1 file changed, 2 deletions(-) diff --git a/03-treasury-and-taxation/03-2-monetary-policy.md b/03-treasury-and-taxation/03-2-monetary-policy.md index 1d93be5..25c4442 100644 --- a/03-treasury-and-taxation/03-2-monetary-policy.md +++ b/03-treasury-and-taxation/03-2-monetary-policy.md @@ -4,6 +4,4 @@ Increases in the money supply shall be nought but a consequence of the deficit s > [Experimental]: No military spending shall be undertaken with the express purpose of acting as a currency supply control. -> [Apologia]: If the population of the polity increases to the extent that increases in currency supply are needed, the government should then need new police and soldiers, so the problem solves itself, since the number of soldiers and policemen should scale to cover the population size. So hiring new soldiers and purchasing military assets for readiness to meet the needs of a particular population size should serve as a stand-in for money supply management. - Any politician found guilty of introducing a bill to parliament which would establish a formal monetary control entity in government shall become an outlaw after 15 minutes. Monetary policy shall be a side effect of the deficit spending of those branches with the power to deficit spend, without exception.