All Money Comes From the Government? Ha!

From: J Sent: Friday, December 22, 2017 1:01 PM To: wblock@loyno.edu Subject: A bizarre economic theory Hello Prof Block, I’ve recently run across an acquaintance who follows “Modern Monetary Theory”. While most of what he writes in the internet forum I’m part of can be easily enough dealt with, he has come up with a claim that while I know is bizarre, I’m at a loss as to how to proceed. He claims “all money comes from the government” as his foundational premise. As a result, he believes taxation exists only to soak money out of the private sector when … Continue reading All Money Comes From the Government? Ha!