MMT
MMT is Reality
Diagnosing economic problems without MMT as a guidepost is like a guy who stayed at a Holiday Inn pretending to be a doctor.
Federal Taxpayers Do Not Fund the Federal Government; The Federal Government Funds Federal Taxpayers
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.
The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government
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.