How Money Is Born Out of Public Spending and Dies by Taxes (2023)(scottsantens.com)
scottsantens.com
How Money Is Born Out of Public Spending and Dies by Taxes (2023)
https://www.scottsantens.com/how-money-is-born-out-of-public-spending-and-dies-by-taxes-mmt/
4 comments
MMT or Magical Money Tree
Now do how water is "born" by evaporation and "dies" by rain.
You apparently disagree with the author's view. So what is yours? If money (N.B: "money," not "value") is not created by the government and secondarily by banks, how is it created?
Of course he is right -- on that level it is too obvious to state. I was picking up on the connotations of "birth" and "death", which somehow really itched me. Never mind.