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Privatizing profits
- Those closest to the money printer profit exclusively by extracting purchasing power from savers. Saving from these savers were all profits gained from voluntary cooperation.
Socializing losses
- As a result of this bad spending (necessarily so, all [[taxation]], coercive wealth extraction is strictly a misallocation of resources), the ones further away from the money printer incur the losses Things become more expensive —> People need to sacrifice more —> Work harder etc All to reestablish their footing