3 ms·
All spending creates new money and all taxation destroys it (at the federal level). Where else does money come from if not the government?
by dools 3y ago
All 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.