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Debt creation also gives value to the dollar. In 2020, which was an odd year which highlights the point, deficit spending came near to revenue from taxes. In t
by jackcosgrove 4y ago
Debt creation also gives value to the dollar. In 2020, which was an odd year which highlights the point, deficit spending came near to revenue from taxes.
In the future as the workforce shrinks and liabilities increase I imagine deficit spending will regularly exceed tax revenues.
- kodyo 4y ago"Debt creation also gives value to the dollar" Only because enough people believe that's true, and then only because there are aircraft carriers that convince people in other countries that it's in their best interest to use them. Dollars are not worth anything.