4 ms·
that's not exactly correct given the inflationary nature of printing to "spend into existence." History is filled with crumbled societies printing their own mon
by abfan1127 3y ago
that's not exactly correct given the inflationary nature of printing to "spend into existence." History is filled with crumbled societies printing their own money as mention.
- dools 3y agoAll spending creates new money and all taxation destroys it (at the federal level). Where else does money come from if not the government?
- abfan1127 3y agothat's a big question, however at a first order, its arguable that no "new" money is necessary. Wealth (not money) is created out of human effort, i.e. labor.