They're fr just a way to create a base demand for the currency (fr).

  • HexbearIntern [they/them]
    ·
    3 years ago

    I get your point. Without requiring taxes be paid in dollars there’d be no reason for a unified currency. And a lot the money pools that government spending comes out of aren’t linked to taxes at all. But some allocations are directly tied to taxes. It’s hard to say that property taxes don’t pay for schools when property tax rates have a direct correlation with school budgets

    • underlingofcats [he/him]
      hexagon
      ·
      3 years ago

      This is a vid I watched on it, although it does leave a couple of things unanswered, like how the correction of inflation differs in substance to general spending. https://www.youtube.com/watch?v=zBk78wG1U9U

  • Mizokon [none/use name]
    ·
    edit-2
    3 years ago

    i'll STAB you

    fr doe MMT is still flawed since it still about a more state interventionist capitalism (the book straight up acknowledges that capitalism collapses every decade). but yea money isn't real and more deficit spending (provided benefits go to working class) is pog indeed.