Comment on Who gets all the tariff money about to be collected from US citizens buying products from Canada?
FelixCress@lemmy.world 3 weeks agoRemember, the government is the issuer of the currency. They don’t need to collect dollars in order to spend them.
Yup, that worked a treat in Zimbabwe.
kibiz0r@midwest.social 3 weeks ago
“They don’t need to collect dollars in order to spend them” does not mean “They ought to spend dollars and not collect them”.
I’m only describing that collecting X amount from tariffs does not imply that spending must necessarily increase by X somewhere due to some kind of conservation of dollars that the OP seemed to assume.