"state theory of money"

["William B. Ryan" <william_b_ryan@xxxxxxxxxx>]

Is this the "state theory of money" in action?

>From today's (May 13) Washington Post http://www.geocities.com/new_economics/worked-til-they-drop.htm

"...The economics are simple, residents said. People in Xiaoeshan eat
most of what they grow, and by selling the rest they earn an average
annual income of about $25 each. But local officials demand about $37
per person in taxes and fees. Several peasants who refused to pay last
year were arrested. Residents say there is only one way to survive: Pull
the children out of school, and later send them to find work in faraway
cities."
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The danger is that it provides "Western" rationale for such oppression.
 After all, it is advocated in the pages of the JPKE!

--
William B. Ryan
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