Comment

It’s a real theory. From what I understand though the shredder is a thought experiment, not meant to be taken seriously. They do acknowledge that you have to receive money to spend money. they just think of it like a balancing act instead of a 1 to 1 relationship.

source

Sort:hotnew top

alcoholicorn@lemmy.ml ⁨2⁩ ⁨months⁩ ago
You don’t need to receive money to spend money if you print money. The purpose of taxation is to reduce the monetary supply.

source
- Maggoty@lemmy.world ⁨2⁩ ⁨months⁩ ago
  In one specific economic theory.
  
  I’m not saying you’re wrong. I’m pointing out that it’s a whole debate.
  
  source