On: Electric Cars – fuel duty and road tax: how to rep...

[SoftTalker]

The money that banks create by fractional reserve lending is (at least somewhat) backed by real assets. The money that governemnt 'prints' is backed by nothing.

[neilwilson → SoftTalker]

The money government prints is backed by the best asset of them all - the power to recover it as taxation.

Paying the tax to the tax collector is far cheaper than the alternative amount you end up paying to the bailiff when they confiscate all your assets.

Taxation is, ultimately, the only 'reserve' asset there is. And as you can see it is very definitely backed by real assets. All your real assets.

[ClumsyPilot → SoftTalker]

We have not operated fractional reserve banking for generations.

A bank today can give out loans and mortgages without any assets.

https://positivemoney.org/2011/04/monetary-reform-myths-1-10...