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Federal government spending is not funded by taxes. When the federal government spends, it credits accounts with the press of a keystroke, creating money from nothing. The federal government issues money by spending and destroys money by collecting taxes.
https://medium.com/@nicholasadiaz7/on-the-role-of-taxes-mmt-707fb4b3b80b
Federal government spending is not funded by taxes. When the federal government spends, it credits accounts with the press of a keystroke, creating money from nothing. The federal government issues money by spending and destroys money by collecting taxes. https://medium.com/@nicholasadiaz7/on-the-role-of-taxes-mmt-707fb4b3b80b