1) I posted this #MMT explanation on FB. Here is the cut/paste:

James Koski I will gladly do so. And I was surprised to learn this truth a few years ago, but we all need to learn it.
Birth of a US dollar: when Congress spends it into existence per Art 1, Sec 8 of the...

2)... Constitution.
Death of a US dollar: when it is taxed away - Fed level only.
This is a 1 way Street - like food going through your body.
There is no shortage of US dollars. By law Congress can buy whatever is for sale in US dollars.
Fed taxes "drive" the currency & offset...

3)... inflation. They are very necessary, but they don't pay for anything. Not mine, not yours, not rich people's, not business'. Again, this only applies to Fed level. All Fed spending is new $. They spend 1st, and they tax later. Those are separate functions.
I highly...

4)... recommend Dr Stephanie Kelton's NYT bestseller The Deficit Myth. It's easy to read and also on Audible.

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