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Right but to cut tax you either need to be in a budget surplus, reduce your budget size or enter a budget deficit. If you do that in January then you can't use
by sleepychu 7y ago
Right but to cut tax you either need to be in a budget surplus, reduce your budget size or enter a budget deficit.
If you do that in January then you can't use the same money again in February when things are bad.
- RockIslandLine 7y agoCurrency issuers are not revenue constrained. For a nation with a fiat currency, the ability to spend is distinct from the need to tax.