Advocates of Modern Monetary Theory (MMT) say that we should understand all government spending as being funded by seignorage, which is the technical term for when a government creates new money and then spends it. This then allows them to say things like “taxes don’t fund spending” and other bumper-sticker type slogans that mostly just confuse people.
Read more: https://www.peoplespolicyproject.org/2019/03/02/what-do-modern-monetary-theorists-think-about-inflation/?source=Snapzu
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