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I seem to recall that France used to do this -- create money for government spending, taxed money ceases to exist, no need for government debt. But I can't find
by Scarblac 5y ago
I seem to recall that France used to do this -- create money for government spending, taxed money ceases to exist, no need for government debt. But I can't find anything about it, and I don't know if I'm just not using the right search terms.
Has this been put into practice in large countries before?
- zer0tonin 5y agoIs France a small country now?
- tatersolid 5y ago> Is France a small country now? Frances’s GDP is 15% smaller than the single US state of California, and its population is only about 1.67x that of California.
- zzleeper 5y agoWell Cali has 1/7th of the entire US GDP, so it's an unfair comparison. By itself, it would be the 5th largest economy in the world.
- Scarblac 5y agoIt's not, I'm just doubting my own memory so was wondering in general if there was an example, France or elsewhere.