[lifeisstillgood]

This is one of the main points of MMT - with modern economies (and possibly ancient) there is no need to tax in order to spend. The US gov is the only one able to create more US dollars. And they can do so without taxing - they just press buttons on the Fed’s laptop and they have a billion to spend.

Of course that can easily get out of hand so, lots of controls, but those controls should, IMO, be based around how money is created and flows not around some medieval ideas about taxation.

Anyhow, the point is money should equal production capacity else it creates inflation (or stifles demand) - it eventually balances out but the pain in eventually is real.

And is governments with poor willpower a problem - yes of course. But that’s like the manager blaming their employees - they work for us you know.