Governments don't tax first and spend second. They have to spend first. How else would anyone have the money to pay the tax?
@mmt-action.bsky.social
@mmt-action.bsky.socialGovernments don't tax first and spend second. They have to spend first. How else would anyone have the money to pay the tax?
@theraccoonplatoon.bsky.socialWow... Still not sure what to think of it. The historical pov is mind-boggling to say the least, I'm close to saying "teach this everywhere"...
#MMT #FindingTheMoney
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@mmt-action.bsky.socialMyth: the government has to find money before it can spend. Reality: it creates new pounds when it spends and destroys them when it taxes. Watch Finding the Money this weekend to see how currency actually works.
@mmt-action.bsky.social@mmt-action.bsky.socialArgument Builder is live. Evidence-based rebuttals for the "how will you pay for it" crowd. But if you want the full picture, watch Finding the Money this weekend. Free. Start now.
@mmt-action.bsky.social@mmt-action.bsky.social@mmt-action.bsky.social@mmt-action.bsky.social