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It's a widely held misconception that the government needs to finance its spending. It doesn't. It just spends money into existence. Treasuries are a political
by jganetsk 9y ago
It's a widely held misconception that the government needs to finance its spending. It doesn't. It just spends money into existence. Treasuries are a political constraint, not a technical one.
Please read about Modern Money Theory.
https://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html https://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-...
https://www.youtube.com/watch?v=TDL4c8fMODk https://www.youtube.com/watch?v=TDL4c8fMODk