You are right again. My only point is that (no matter how logical a premise is within a closed system) insane premises, solutions, presuppositions lead only to further (and often more virulent) forms of insanity.
MMT (Modern Monetary Theory) basically says 'the system' can print as much 'money' as it wants. However, plastic money to infinity is a house of cards awaiting toppling. And this by way of long historical experience.
The Federal Reserve 'USD' is an imaginary unit of account. Imaginary equals 'just made up' and 'severed from the natural world of substance (i.e. money of substance). Imaginary 'money' insanity leads directly to funding insanity. That is, want something? Well! Just print more imaginary money.
My point being, why collect taxes when you can just print. Not to say it’s a good idea either as either way you economically hang yourself.
You are right again. My only point is that (no matter how logical a premise is within a closed system) insane premises, solutions, presuppositions lead only to further (and often more virulent) forms of insanity.
MMT (Modern Monetary Theory) basically says 'the system' can print as much 'money' as it wants. However, plastic money to infinity is a house of cards awaiting toppling. And this by way of long historical experience.
The Federal Reserve 'USD' is an imaginary unit of account. Imaginary equals 'just made up' and 'severed from the natural world of substance (i.e. money of substance). Imaginary 'money' insanity leads directly to funding insanity. That is, want something? Well! Just print more imaginary money.