this post was submitted on 22 Sep 2023
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SecondThought: Why The Government Has Infinite Money (www.youtube.com)
submitted 2 years ago by davel@lemmygrad.ml to c/breadtube@lemmygrad.ml
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[โ€“] AfricanExpansionist@lemmy.ml 3 points 2 years ago (1 children)

They maintain demand for the currency. We can't pay our taxes with anything but fiat. Bastards wouldn't take my dozen head of cattle ๐Ÿ˜ข

[โ€“] davel@lemmygrad.ml 1 points 2 years ago

They also tax to manage inflation and wealth inequality.