Inflation, Taxation, and Governance

[AlexMerced]

In this video I discuss the incentives for governance that are inherent to it's structures and the power given to it. I conclude that small level of taxation could create an incentive for good governance, since it would require good governance to maximize these revenues although if a government has power over the money supply this incentive is usuallly turned into an incentive to inflate to increase nominal revenues.


[video=youtube;uNGMPiFr770]http://www.youtube.com/watch?v=uNGMPiFr770[/video]