You are on the right track here. You have Job 1 and Job 2 exactly right.
Perhaps "Monetary Authorities" could just be called "Money Printers".
Without money printing could modern wars even happen? I don't have the reference handy, but I understood that Germany financed 96% of their cost of World War 1. This fiat game is not new.
Instead of passing laws and levying taxes to pay for it, politicians have their money printers make dollar bill as orders what to do... "You there... make a bullet!" and "Your over there... deliver it!"
What is so Constitutional about that?
In 2021 federal spending was $6.8 trillion. All taxes were $4.0 trillion. They printed $2,8 trillion. How long can you keep that up?
You are on the right track here. You have Job 1 and Job 2 exactly right.
Perhaps "Monetary Authorities" could just be called "Money Printers".
Without money printing could modern wars even happen? I don't have the reference handy, but I understood that Germany financed 96% of their cost of World War 1. This fiat game is not new.
Instead of passing laws and levying taxes to pay for it, politicians have their money printers make dollar bill as orders what to do... "You there... make a bullet!" and "Your over there... deliver it!"
What is so Constitutional about that?
In 2021 federal spending was $6.8 trillion. All taxes were $4.0 trillion. They printed $2,8 trillion. How long can you keep that up?