Stop Using The Term 'Printing Money'

It's just a way to give the establishment the tool it needs to stop progress.

Federal Taxpayers Do Not Fund the Federal Government; The Federal Government Funds Federal Taxpayers

Well that title is blunt, isn’t it? I like blunt. That’s why I chose it. As I always say, blunt cuts through bullshit. It’s my bet that it is sure to cause irritation for those persons who play immature games of semantics with the word ’fund’. Good.   Look, we all know what people mean when they say, ‘Federal taxes don’t fund federal spending’; they mean, ‘The federal government does not require an income, and so, it does not spend the proceeds from federal tax collections’. Some people simply wish to confuse others by playing a game of semantics over the word ‘fund’.

If You Can Deliberately Restrain Federal Spending, You Can Deliberately Expand It

Anti-austerity is a word, of which, culturally and socially speaking, perhaps the Spartans wouldn’t have approved of. We can accept that. It was a Laconian thing. We wouldn’t understand anyway. However, it is also a word, economically-speaking, that many orthodox economists and politicians understand but outright refuse to accept. It’s a neoliberal thing. We cannot and must not accept that.

Key Points to Understand Regarding Macroeconomic Reality

The concept that the US government has no money of its own by design and must tax and borrow to fund its spending is an imaginary concept.

A Brief Word on This Orphan Politics Nonsense

Look, I oppose policies of putting down unwanted animals in shelters. I find the policy to be quite disturbing. But if you, as an animal rights activist who makes the issue your main and most important issue, are successful in winning the battle against it, and no-kill shelters become the law of the land, what have you done for anyone or anything else? Nothing.

Osborne’s Call Not to Change Course On Austerity is a Murderous Demand

I shall skip my usual line-by-line critique and begin here, because, finally, a politician says something that is honest and it makes the news! The end of austerity does mean that we’re going to allow the deficit to rise, and we don’t care. And that is totally honest, because nobody in Britain should care if it rises. The UK Government is what we call ‘monetarily sovereign’. Osborne knows this as well, but he doesn’t want you to know that he knows. It has the exclusive, monopoly authority to issue British pounds. Actual pounds come from nowhere else. When the UK Government spends, it is literally spending pounds into existence to ‘pay for’ programmes.

TT&L Accounts and Bond Sales are Veils Over Reality

As a supplement to my article from yesterday regarding the operational reasons why federal taxes are not revenue, today, I wish to briefly touch on further operational realities of federal taxation and bonds sales and why they are veils that only obscure the underlying reality of how federal spending works.

The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government

Operationally, it is impossible for the federal government to spend the proceeds of tax collections. Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.