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[-] workerONE@lemmy.world 10 points 1 year ago* (last edited 1 year ago)

Federal government spending is not funded by taxes. When the federal government spends, it credits accounts with the press of a keystroke, creating money from nothing. The federal government issues money by spending and destroys money by collecting taxes. https://medium.com/@nicholasadiaz7/on-the-role-of-taxes-mmt-707fb4b3b80b

this post was submitted on 11 Oct 2023
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Work Reform

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