| ▲ | krackers 4 days ago | |
>See what the federal government spent with your tax dollars. Is thinking of it in this sense actually accurate? I always assumed since every government has embraced MMT they can spend whatever they want simply by printing it out of thin air. Then taxation could be understood as the only crude knob to "destroy money", and also has the effect of forcing USD to be the primary national currency (e.g. owning bitcoin won't do you any good if you ultimately need to pay taxes in USD). | ||
| ▲ | unmole 4 days ago | parent [-] | |
> since every government has embraced MMT This is doing a lot of imaginary heavy lifting. | ||