Idea Ripper // ArchiveCards: 1555 [Live] | Updated: 2026-10-14
Card #c39IR // #c39Synthesis

a. Taxation gives no inflation and no debt. b. Fiat money gives inflation and no debt. c. Bank credit gives inflation and debt. d. Sales of bonds give no inflation but give debt.

— In our words · Source: Tragedy and Hope (Carroll Quigley)

[Use when]

When a government announces how it will fund a crisis — run it through the four cells and see who is really paying.

[Why it matters]

Sixteen words that decode a century of war finance: every government's funding mix is a choice about who pays — present taxpayers, savers, or the unborn.

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