Lord Bail The bane of Neo-marxists

@bailthefifth.bsky.social

I'm here to call out the club of rome's bullshit

Exactly, which means: governments can do anything they want - they can print 100 quadrillion and spend it on vanity projects or simply pocket that money for themselves, and the result will be either higher taxes or inflation. In both cases, citizen have their wealth DESTROYED by government spending.

Matt Erskine@matt72423.bsky.social · 2y ago

In fiat currency regimes, such as in Britain and the US, taxes don't fund anything. All gov't spending is new money created as it's spent. Taxes delete money from circulation. Currency issuing nations aren't funded by their citizens.