3 ms·
> "printing press to furnace" analogy of the economy Very roughly modern economies work by printing money in the form of government treasuries (government borr
by shawabawa3 3y ago
> "printing press to furnace" analogy of the economy
Very roughly modern economies work by printing money in the form of government treasuries (government borrows $ to run the country) and destroys money by charging taxes (taxes go to IRS and are used to pay off the outstanding treasuries)