Tax does not pay for government spending

https://www.youtube.com/watch?v=xnYhGD7xNig

-9 points · 1 comments · view on lemmy.world

1 Comments

shortwavesurfer@lemmy.zip · 1 pts · 34d

This video is mostly correct. However, if the government did not create fiat, then there would be no government fiat. That doesn't mean there wouldn't be money, because fiat and money are not the same thing.