No. The government neither ISSUES the paper nor spends 'Currency', which is the Paper and Coins tiny subset of the money supply. Have you read the Money Statutes?
It's all a Moslerian/ MMT canard.
No. The government neither ISSUES the paper nor spends 'Currency', which is the Paper and Coins tiny subset of the money supply. Have you read the Money Statutes?
Joe - You're kinda right that the government doesn't issue paper or currency. The government sends instructions (not money) to the bank of a government employee, a Social Security recipient like me, or a contractor and tells the bank to increase the balance in the target's account. Currency is sent to banks in exchange for existing reserves in the bank's Fed account.
It's obvious that you are very attached to you pet theory, so I went to your Substack to see what you have written as the The Money Apprentice, which I assume is you.
There's nothing there, just like there's nothing of substance in your comments. Mostly they're warmed-over Monetarism and I don't have the time nor the inclination to continue arguing with you.
No. The government neither ISSUES the paper nor spends 'Currency', which is the Paper and Coins tiny subset of the money supply. Have you read the Money Statutes?
It's all a Moslerian/ MMT canard.
The Money Apprentice
Joe - You're kinda right that the government doesn't issue paper or currency. The government sends instructions (not money) to the bank of a government employee, a Social Security recipient like me, or a contractor and tells the bank to increase the balance in the target's account. Currency is sent to banks in exchange for existing reserves in the bank's Fed account.
It's obvious that you are very attached to you pet theory, so I went to your Substack to see what you have written as the The Money Apprentice, which I assume is you.
There's nothing there, just like there's nothing of substance in your comments. Mostly they're warmed-over Monetarism and I don't have the time nor the inclination to continue arguing with you.
Wishing you the best, stay safe.