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Yes, the government can pay for wars, health care and Social Security.
Summary by #Monetary Sovereignty - Mitchell
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Yes, the government can pay for wars, health care and Social Security.
Politicians, the news media, and certain economists keep repeating the outdated myth that federal finances work like personal budgets. As a result, they insist that federal spending is restricted to the amount collected in taxes. As Barack Obama once misguidedly put it, “If you have to live within your means, the federal government should live within its means.” Sadly, for Obama’s legacy, the Federal Government has no “means.” Being Monetarily S…
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