[Ipg-smz] Ohio accepts bitcoin to pay taxes (Techcrunch)

[Matt Heusser]

Tom Asks:
> Even if the rest of society starts trading in chicken feet, by insisting
on dollars the government ensures
>that they continue to have value. (No dollars? We're putting you in jail.)
When the Hungarian pengő bills
>became near-worthless in 1945, what replaced them? Tax certificates
("adópengő").
>
>Perhaps I was mistaught, or that economic model is no longer valid. Or
perhaps the state is sticking it to
>the federal government. (In the latter case, I'd expect some lawsuits and
public statements.) In either
>case, I don't get it.
>

No, you're right Tom. Since the time of Nixon the US has had a kaynesian
monetary policy that uses the dollar as fiat money - you have to pay taxes
with it. Have to have to have to. What Ohio is doing "doesn't make any
sense", or at least, is inconsistent with the Federal policy. Another
trick: The world reserve currency for oil is dollars - which means to buy
or sell oil, you need to transfer your money to dollars. That is the second
piece REALLY propping up the value of the dollar.

Which tells me some motivated state senator who knew better (or perhaps he
didn't) convinced the house, senate, and governor who DIDN'T know better.
Likely with a war cry similar to what the dems used to pass the Green Jobs
Act of 2007 "Jobs, Jobs, Jobs. Anything more complicated than that can't be
heard. This will create JOBS. Jobs. Jobs." In a for loop: Jobs.

So that's cool, I guess, let's see where it goes.

Other revelant bitcoin journalism stuff moving to ipg-l. If the listparents
think it's wise, it might eventually move to -pol, but i think it is real
internet journalism.

--heusser
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