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USD is offered in this format. Taxation is the burn. They print/mint money through lending and remove/burn it from circulation by taxation. Which is why MM t
by basch 4y ago
USD is offered in this format.
Taxation is the burn. They print/mint money through lending and remove/burn it from circulation by taxation.
Which is why MM theory is all about all government spending coming from the creation side, and that taxation never leads to spending.
- junofan 4y agoThat’s just not factual. Even if it were, the Fed’s mandate is to manage the money supply independently from the political process.
- johngladtj 4y agoIf you think the fed is independent I have a bridge to sell you
- Canada 4y agoWhere is USD available in this format? If it is, that's news to me.