Comment Comment by risk000 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 parent risk000 5 years ago
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