Margaret Ames
Sep 6, 2018 · 1 min read

The construct that taxes pays for federal spending is no longer accurate. Money is created when Congress spends it into existence. Since the US went off the gold standard in 1971, we have had a fiat currency, i.e., spending is no longer restricted by the stockpile of gold. We can create money if and when needed, as it is now with so many crucial needs and unused resources. At the very least, people need an option for healthcare that is not tied to employment. I am providing a link to a lecture by Dr. Stephanie Kelton who can give a more detailed overview. https://youtu.be/g6rlprwQB5E

    Margaret Ames

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