there is no need for governments to collect taxes to fund domestic spending.
Debt is only an issue when denominated in a currency you don't control, which means that only foreign currency debt and private debt are worth discussing.
And? You can issue your own currency. Literally open excel spreadsheet, enter 10000000000 into A1. There, you're a central bank now. The problem is enforcing circulation of your currency.
>>76200172
We got the USA bucks, it's worth a lot compared to a leaf.
>>76201356
The fuck are you talking about retard?
>>76201923
The basis of fiat currency
>>76201923
We should just print the dollar and say fuck it to debt.
>>76202248
Worked great for Zimbabwe and the Weimar Republic...
>>76202449
They don't have a reserve currency.
>>76202655
Reserve currency status only works when you can strong arm any country on the planet into submission. Once that is gone, you're in trouble.
>>76198950
>>76201923
>>76202248
>>76202449
It's called MMT, OP is posting (admittedly true) MMT stuff and getting a rise out of muh conservatives. Look it up.
Also... the Fed can't even raise inflation with everything it is trying. We're headed towards post 1990 Japanese deflation (yes which was real deflation, not government propaganda fear tactics)
"[For the] US to replicate the Wiemar inflation Congress would have to increase the deficit to about $8 trillion a year and then sell those dollars continuously in the market place, using them to buy the likes of yen, euro, and pounds. And replicating Zimbabwe would mean some kind of disaster that wiped out 80% of our real productive capacity and then continuing to spend federal dollars as if that never happened."
read up on MMT or just play-pretend we are still on the gold standard.
MMT is the red pill, conservatives, sorry to say we can do a *lot* more government spending and it would only benefit the economy. The debt isn't a problem for the U.S. because it is sovereign, uses fiat money, and is not dependent on foreign borrowing.
>>76200172
The money used for taxation drives the demand for a particular currency. That's why we spend fiat dollars instead of bitcoin or gold, because we need fiat federal reserve notes to pay taxes.
>>76198950
True.
How about debt free money or Sovereignmoney.eu?
