Tax does not pay for government spending
Submitted 4 weeks ago by BlackTea@lemmy.world to economics@lemmy.world
https://www.youtube.com/watch?v=xnYhGD7xNig
Submitted 4 weeks ago by BlackTea@lemmy.world to economics@lemmy.world
https://www.youtube.com/watch?v=xnYhGD7xNig
shortwavesurfer@lemmy.zip 4 weeks ago
This video is mostly correct. However, if the government did not create fiat, then there would be no government fiat. That doesn’t mean there wouldn’t be money, because fiat and money are not the same thing.