[abfan1127]

that's not exactly correct given the inflationary nature of printing to "spend into existence." History is filled with crumbled societies printing their own money as mention.

[dools]

All spending creates new money and all taxation destroys it (at the federal level). Where else does money come from if not the government?

[abfan1127]

that's a big question, however at a first order, its arguable that no "new" money is necessary. Wealth (not money) is created out of human effort, i.e. labor.