This makes no sense. No, none at all. It has no basis is either history or economics.

Please refrain from confusing the issue with word clouds and obfuscation.

Wow!! I touched a nerve there.

Perhaps you can enlighten me by explaining where the first US dollar came from then. No circular logic will be accepted. Also, please explain how one can “collect” (or borrow) what doesn’t yet exist if you believe that taxation is a revenue source for a currency-issuing government.

Taxation payable only in the currency the government issues at will drives demand for that currency in the private sector to make resources available for the government to provision itself without a revenue stream. If the government spends more than it collects in taxation it allows for a store of value from commerce and is more likely to have its currency accepted (peacefully) as the denomination of trade and contracts. Once that acceptance is achieved, taxation serves as inflation control and a means to achieve social goals and redistribution. At no point does such a government “need” to get its own currency back to enable it to spend.

A sovereign currency-issuing government can never involuntarily default on any obligation denominated in the currency it creates and can afford anything that is potentially for sale priced in that currency, regardless of prior spending and without revenue. It also has zero need to ever borrow its own currency and cannot increase the money supply by doing so. It would have to create and give the currency to someone to make it available to borrow. Ditto for taxes. You “DO NOT” fund your government. Your government “FUNDS” you.