This is not actually true, at least in America "printing" is wrongly conflated with QE.
The most efficient way for government to fund itself would just to be print however much money they need, diluting the value of all other dollars held by citizens and companies. Oh wait that's what they do anyway. Never mind. #TaxDay
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I'm not an economist and actually curious if that could be sustained: abolish all other taxes, just inflate the money, inflation rate goes up some but no hyperinflation? And it eliminates complexity, distortions, deadweight losses? (Never mind political viability.)
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Effectively taxes would then be on the basis of amount of currency held rather than on amount of currency received. One plus: It would simplify the tax code!
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95% of m.s. is issued by private banks in form of debt + interest, so not sure govt has much say in the matter.
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Taxation supports the value of money.
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Are you Bernie Sanders in disguise?
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Bernie supports the Federal Reserve printing vast sums money for the government to spend...
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