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by dannypgh
3912 days ago
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Nope, I don't agree. Total tax revenue does not need to equal total expenditures in the long run. Fiat currencies are created when the government spends money, and it's a choice (based on monetary schools of economics) to have them correlated with revenue. It is not a requirement. The government prints money. The IMF is tasked with countering global inflation; anti-inflation policies disproportionately benefit those with cash and harm those with debts. In practice, structural adjustment has led to reductions in all sorts of public goods around the world, including education. Hence my inclusion of the IMF on a list with other government programs that increase, rather than reduce, wealth inequality. |
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