Sine-Nomine🇵🇸Free Palestine🇵🇸 on Nostr: listen closely THERE IS NO GAP, NO DEFICIT, YOU ARE THE GOVT, ISSUE THE MONEY, REMOVE ...
listen closely
THERE IS NO GAP, NO DEFICIT, YOU ARE THE GOVT, ISSUE THE MONEY, REMOVE IN TAXATION
idiots
Let me explain
A sovereign govt creates money via central bank, issues it via projects, spending etc
Removes it via taxation to balance the books
Rinse, repeat
An over simplification of Modern Monetary Theory, there's more to it than this
Apologies to those who already know this
If you just found out today, sorry to ruin your political outlook & view of how the world works
My bad
THERE IS NO GAP, NO DEFICIT, YOU ARE THE GOVT, ISSUE THE MONEY, REMOVE IN TAXATION
idiots
Let me explain
A sovereign govt creates money via central bank, issues it via projects, spending etc
Removes it via taxation to balance the books
Rinse, repeat
An over simplification of Modern Monetary Theory, there's more to it than this
Apologies to those who already know this
If you just found out today, sorry to ruin your political outlook & view of how the world works
My bad