Gold and crypto types seem to think of money as a discrete thing. "Money has its own intrinsic value that is based on demand and scarcity."
But if instead, you think of money as a share in a company, in this case "The US Economy," the situation looks very different. As long as the US economy is growing, printing money is not only ok, but good.
If the printing and the growth maintain the same rate, the value of the currency will remain stable. However, we opt for a small amount of inflation, 2%, to have the currency lead economic growth with surplus liquidity.
Taxes help apply deflationary forces in case inflation has overshot growth.
It's more complex than this, but you can totally print money forever.
Printing money = inflation = reducing your spending power = tax
Same level of goods and services + more money = higher prices
Tax is to pay the interest on our 24+ trillion in loans from the federal reserve.
It's a big scam :( End the Fed.
The answer is:
Tax allows you to target who pays.
Inflation affects everyone equally.
The US uses both depending on the issue being funded.
This Time Is Different: Eight Centuries of Financial Folly Paperback – Illustrated, August 7, 2011
Do you want an actual answer?
This was posted in a facetious manner. Of course we can't just print money forever. Eventually the printed money becomes worthless.
The thing is, you kinda can print money forever.
Gold and crypto types seem to think of money as a discrete thing. "Money has its own intrinsic value that is based on demand and scarcity."
But if instead, you think of money as a share in a company, in this case "The US Economy," the situation looks very different. As long as the US economy is growing, printing money is not only ok, but good.
If the printing and the growth maintain the same rate, the value of the currency will remain stable. However, we opt for a small amount of inflation, 2%, to have the currency lead economic growth with surplus liquidity.
Taxes help apply deflationary forces in case inflation has overshot growth.
It's more complex than this, but you can totally print money forever.
130$ barrel of ink + 500$ ton of paper = 1 Billion$ ...no brainer here...we are ALL going to be rich
Modern Monetary Theory : Because no one but government needs money.
Also
Modern Monetary Theory: Because the monetary system is totally fucked, but this might make the dead horse kick a few more times.
Because printing money devalues ALL money, including those of plutocrats. Taxes are something you can apply selectively to different groups.
For their lifestyle...
Cucks. Obviously. Look at all the post saying sit back and watch all the time.