this post was submitted on 07 Jun 2024
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the debt (lemmy.world)
submitted 3 months ago by Varven@lemmy.world to c/memes@lemmy.ml
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[–] volodya_ilich@lemm.ee 6 points 3 months ago

...or, since the federal reserve creates money, they could do quite literally 100 strokes on a keyboard at the FED and repay the debt. A state doesn't fund itself through taxes, taxes serve many purposes but funding a state isn't one of them.