> > That's right... a government could have zero tax and just >> print money. >> cc > >That would of course also be taxation. It would be >interesting to carry that through to its logical conclusion >and see what effect it would have if carried out such that >the "wealth" artifically produced in that manner did not >exceed a level which would otherwise have been taken as tax. >It's well known that when governments just 'print money' >arbitrarily that the system falls apart, but I don't know >how the cost gets distributed when it is done in a >controlled manner. I think the word you're looking for is "Zimbabwe" -- --- Chris Smolinski Black Cat Systems http://www.blackcatsystems.com -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist