Comment on Why The Government Has Infinite Money

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marcos@lemmy.world ⁨1⁩ ⁨year⁩ ago

Money existed before the government started using it.

The idea that taxes remove money form the economy and government spending prints new money is an abstraction created for macroeconomics to simplify its models. But it’s a lossy abstraction, so don’t go thinking this is exactly what happens on the real world.

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