A Warning From Three Centuries of Hegemonic Debt
Hello Veronique and Jack,
You both continue to work on a bad premise in Public Finance to support this erroneous reasoning.
Government has no 'revenues'. Taxes are fines and penalties levied against worthy economic activity. To construe taxes as revenues is absurd.
The Deficit is not the borrowed portion of Public expenditures, but the whole of it.
As government has no money or rather resources, is it better that tax or borrow from those that do: that is from the combined assets of those that do?
The answer is borrow and always. Get your heads out of the medieval morass that so impedes your thinking.
I am more than happy to debate any person that continues to cleave to these obsolete ideas on Taxation and Public Debt.
Get out of Plato's cave and see the light!
What if stable coins take off globally? Will that allow the US to issue much more short term debt, and export inflation to the world?
Could that extend the day of reckoning by 1 or 2 presidential terms?
I recommend Alasdair McLeod and Jim Brown for much more detail and understanding of just how the US government has debased the dollar to the point where it's collapse may be imminent.
Hello Veronique and Jack,
You both continue to work on a bad premise in Public Finance to support this erroneous reasoning.
Government has no 'revenues'. Taxes are fines and penalties levied against worthy economic activity. To construe taxes as revenues is absurd.
The Deficit is not the borrowed portion of Public expenditures, but the whole of it.
As government has no money or rather resources, is it better that tax or borrow from those that do: that is from the combined assets of those that do?
The answer is borrow and always. Get your heads out of the medieval morass that so impedes your thinking.
I am more than happy to debate any person that continues to cleave to these obsolete ideas on Taxation and Public Debt.
Get out of Plato's cave and see the light!
What if stable coins take off globally? Will that allow the US to issue much more short term debt, and export inflation to the world?
Could that extend the day of reckoning by 1 or 2 presidential terms?
I recommend Alasdair McLeod and Jim Brown for much more detail and understanding of just how the US government has debased the dollar to the point where it's collapse may be imminent.