4 ms·
The deficit is a red herring. We issue capital in the form of bonds. We don’t “pay it off” or there would be no money or we’d have to structure the whole system
by hyperhello 3y ago
The deficit is a red herring. We issue capital in the form of bonds. We don’t “pay it off” or there would be no money or we’d have to structure the whole system differently.
- mjfl 3y agoI am just comparing the potential revenue from taxation to the overall size of government spending via the deficit. I don't really understand what you are saying with this comment. Do you think government spending can be unbounded? Why tax at all?