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npub1w4v…ptu4
2024-10-15 19:09:54
in reply to nevent1q…rhmj

npub1w4…wptu4 on Nostr: npub1srcgh…xfms4 Govt debt is not a problem part 2: When money is ...

npub1srcgh979ychudzrha7asxa7kvennpghghzzadmv5gcunfw5p72qs6xfms4 (npub1src…fms4) Govt debt is not a problem part 2: When money is government-created, that government doesn't have a bank account in the same way citizens and corps do. The life of a dollar (etc) exists from when it's spent by the government until it's paid back as tax. Decreasing govt spending relative to taxation simply decreases the available wealth of the populace. All taxation is wealth redistribution so do it with intention about the situation you want to create.
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