Government spending doesn't depend on taxes; it depends on the Fed printing (actually, just changing numbers in spreadsheets). That's why we've been able to fig

Government spending doesn't depend on taxes; it depends on the Fed printing (actually, just changing numbers in spreadsheets). That's why we've been able to fight half a dozen stupid costly wars in less than a generation without raising taxes. It will be a win for humanity if we find better uses for our reserve currency status than fighting stupid wars. https://heterodox.economicblogs.org/multiplier-effect/2018/bibow-monetary-theory-twists-turns-macroeconomics https://heterodox.economicblogs.org/multiplier-effect/2018/b...