this post was submitted on 13 Jul 2026
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Economics

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Tax does not pay for government spending (www.youtube.com)
submitted 2 months ago by BlackTea@lemmy.world to c/economics@lemmy.world
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[–] shortwavesurfer@lemmy.zip 1 points 2 months ago

This video is mostly correct. However, if the government did not create fiat, then there would be no government fiat. That doesn't mean there wouldn't be money, because fiat and money are not the same thing.