Balaji Srinivasan: Inflation of the Dollar Constitutes a Global Taxation

In a recent social media post, former Coinbase CTO Balaji Srinivasan argued that U.S. dollar inflation acts as a form of global taxation, highlighting the disparity in financial impacts between Americans and the global population.

He noted that if the approximately $6 trillion printed since 2020 were distributed solely among the 330 million Americans, each would be accountable for nearly $20,000, rather than the less than $1,000 per person when considering the global population of over 8 billion. Srinivasan criticized those misinterpreting the financial aid distribution, suggesting that while they recognize inequities, they mistakenly conclude that Americans are being exploited.

He proposed that a more effective approach would involve reforming the American-led world order incrementally, supporting conservative and libertarian movements abroad, and avoiding drastic measures that could weaken the U.S. position globally, particularly in light of historical parallels with Russia’s economic struggles in the 1990s.