Keith Evans
1 min readMar 15, 2021

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Article 1: Section 8 of our constitution mandates that Congress create our currency "for the common welfare". It does so, separately from taxation or borrowing, every time it spends, and neither taxation or borrowing are "funding" mechanisms for its spending.

Whenever Congress increases the money supply those dollars created become someone's assets in the private sector. Simple spreadsheet accounting would make this obvious if there weren't so much propaganda surrounding the mislabeled "debt" and the general ignorance of the population concerning federal finance. Sectoral balance is everything in funding our economy and the general lack of understanding of the difference between "users" and the "monopoly creator" of the currency have caused our nation much more suffering, and inequality, than most other nations would tolerate.

As long as the general consensus is that the federal government is a "cost" to the economy, and not the sole source of our currency, things will not improve here. One cannot insist on "paying for" programs and benefits with taxation without advocating for the theft of the real resources and labor those require. That's what a "balanced" budget does. Taxation is a tool to prevent inflation and lessen inequality, but cannot "fund" anything as one cannot tax (or borrow) what doesn't yet exist.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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