> What isn't taxes is mostly then circulating in the economy (generating yet more taxes) while giving the economy a nice boost. This part entangles monetary po

> What isn't taxes is mostly then circulating in the economy (generating yet more taxes) while giving the economy a nice boost. This part entangles monetary policy with gov’t spending, which to some extent is politically inevitable, but IIUC is a very bad idea in general[1–3]. [1] https://johnhcochrane.blogspot.com/2020/07/magical-monetary-theory-full-review.html https://johnhcochrane.blogspot.com/2020/07/magical-monetary-... [2] https://www.cato.org/commentary/magical-monetary-theory https://www.cato.org/commentary/magical-monetary-theory [3] https://www.greaterwrong.com/posts/tAThqgpJwSueqhvKM/frequently-asked-questions-for-central-banks-undershooting https://www.greaterwrong.com/posts/tAThqgpJwSueqhvKM/frequen...