As many of the comment here point out, you can view ALL government spending as money creation and All taxation as money destruction. The total money supply is t

As many of the comment here point out, you can view ALL government spending as money creation and All taxation as money destruction. The total money supply is the balance between the two. Except that banks and other credit issuers also generate new money. So there's that. The whole worried hand-wringing over student debt as being terribly bad, but tax cuts, industry subsidies, and rich people loan forgiveness being intrinsically good is all very classist if you ask me.