The difference is banks don’t control their own currency. That single difference changes everything.
Me again! (Sick of me yet?) This too is at least partly incorrect. Especially in the context of the US. While true the Treasury has ultimate control over the currency, the Federal Reserve has effective control over the important levers like rates and quantitative changes. The Fed is a private banking cartel made up of the big private banks.
Even in most other countries where central banking is government run, it’s still an arms length agency.
The other dude is right as per my lrevious post and his. Taxes are neutral. Increase government spending by reducing taxpayer spending.
That’s the old economic model that treats a government like any other organization in the economy. It’s not.
Taxes aren’t loans. Banks aren’t governments. Completely different and uncomparable.
The difference is banks don’t control their own currency. That single difference changes everything.
Me again! (Sick of me yet?) This too is at least partly incorrect. Especially in the context of the US. While true the Treasury has ultimate control over the currency, the Federal Reserve has effective control over the important levers like rates and quantitative changes. The Fed is a private banking cartel made up of the big private banks.
Even in most other countries where central banking is government run, it’s still an arms length agency.
The other dude is right as per my lrevious post and his. Taxes are neutral. Increase government spending by reducing taxpayer spending.