5 ms·
Money doesn't come from taxes and debt. It is created de novo within a computer system. It is conceptualized, according to intellectual paradigms, as originat
by risk000 5y ago
Money doesn't come from taxes and debt.
It is created de novo within a computer system.
It is conceptualized, according to intellectual paradigms, as originating as a 'debt' and being "paid back" by taxes.
But this accounting is fallacious. There is a movement in economics called MMT which is going to challenge these paradigms.
https://www.youtube.com/watch?v=1AyT9zftNrE https://www.youtube.com/watch?v=1AyT9zftNrE