Humor

Does Modern Monetary Theory mean we no longer need to pay taxes? (he asks hopefully)

Check out this definition: “Modern Monetary Theory (MMT) is an economic theory that suggests that the government could simply create more money without consequence as it’s the issuer of the currency, according to the Federal Reserve Bank of Richmond.” Which seems to imply that taxation is obsolete, as the second paragraph hints: Excellent. I’m totally in.

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