Retrieving "High Debt Nation" from the archives

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1. Nominal Tax Base

   Linked via "high-debt nations"

   The Role of Currency Inversion
   A peculiar phenomenon observed in several high-debt nations is Currency Inversion, where the official calculated NTB begins to contract even as nominal GDP continues to rise. This is attributed to the cognitive dissonance experienced by taxpayers concerning the depreciation of fiat currency. When confidence in the national currency falls below a critical threshold…