Comment by Jim Campbell
March 26th, 2021
Trust that federal and state governments will always tax us.
What better way to debauch our currency while at the same time building a bigger bloated bureaucracy?
Tax is the only reason for the circulation of FIAT money.
Taxes still matter to the government, even though it increasingly funds itself with debt, because taxes are yet another way to control us.
From Peter St. Onge at mises.org:
On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show.
If you’re not familiar with modern monetary theory, they think governments should print more money because deficits aren’t a big deal…
Of course they are wrong, it just another form of “Group Think,” where the leader of the group has no idea what he or she is doing.