That’s one way to look at it, but not how the accounts are drawn. If they are creating more than they are ‘destroying’ then is that really destroying anything? Regardless, to control inflation, or to balance budgets, it’s part of a complex system that balances resource availability, and promotes productivity.
That’s one way to look at it, but not how the accounts are drawn
The accounts ideologically being drawn otherwise is purely political, and the fact that neoliberalism propagates lies about the way taxes work is a tool to serve the powerful. If people realize we could just create money to make state-funded job guarantees with low risk of inflation, capital is fucked.
it’s part of a complex system that balances resource availability, and promotes productivity
Austerity policy has kept Europe at essentially 0 net growth on average since 2008. That doesn’t look too productive to me
That’s one way to look at it, but not how the accounts are drawn. If they are creating more than they are ‘destroying’ then is that really destroying anything? Regardless, to control inflation, or to balance budgets, it’s part of a complex system that balances resource availability, and promotes productivity.
The accounts ideologically being drawn otherwise is purely political, and the fact that neoliberalism propagates lies about the way taxes work is a tool to serve the powerful. If people realize we could just create money to make state-funded job guarantees with low risk of inflation, capital is fucked.
Austerity policy has kept Europe at essentially 0 net growth on average since 2008. That doesn’t look too productive to me