Stop Using The Term ‘Printing Money’
It’s just a way to give the establishment the tool it needs to stop progress.
It’s just a way to give the establishment the tool it needs to stop progress.
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.
If government spending is just “printing money” then taxing is simply “unprinting money”. It’s a circuit.
Diagnosing economic problems without MMT as a guidepost is like a guy who stayed at a Holiday Inn pretending to be a doctor.
Well that title is blunt, isn’t it? I like blunt. That’s why I chose it. As I always say, blunt cuts through bullshit. It’s my bet that it is sure to cause irritation for those persons who play immature games of semantics with the word ‘fund’. Good.
Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.