Federal government deficit spending works because the state holds the monopoly on violence and if you don’t pay taxes denominated in the state’s currency you go to jail, so everyone needs such currency.
That a related, but separate issue. That’s how taxes work at all, whether the government is doing deficit spending, the budget is in balance, or there is a budget surplus.
That a related, but separate issue. That’s how taxes work at all, whether the government is doing deficit spending, the budget is in balance, or there is a budget surplus.
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