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It’s not the fact that the government owes you that makes USD valuable. It’s you owing the government (taxes) that makes USD desirable for you - or go to jail.
by lixtra 4y ago
It’s not the fact that the government owes you that makes USD valuable. It’s you owing the government (taxes) that makes USD desirable for you - or go to jail.
- junofan 4y agoLet’s not fall for this modern monetary theory chestnut. Paying taxes didn’t save the Zimbabwean dollar. Taxes aren’t what makes money work.