@SimmonsBart How is it leveraging anyone’s future? National debt of currency-issuing nations is nothing like personal household debt. It’s just a tool. Surely you know that.
@gossamersins @1DimeOfficial@MattBruenig That makes sense. I'm over my head here, but it seems like spending for the common good would introduce both deflationary and inflationary inlfuences. Depending on how the balance of those influences play out short term and long-term, would need to be managed by taxation.
@1DimeOfficial Taxation is required to keep the money supply within a certain level to prevent inflation, right? Which kinda makes MMT a moot point, no? I think this is @MattBruenig position about MMT.
@gossamersins @1DimeOfficial@MattBruenig How does that contract what I said? Isn't the practical benefit of #3 (collecting revenue) the maintenance of inflation?