Keeping It Real: Law, Coercion, & The Frontiers of Public Finance

“If the federal government creates money out of thin air, rather than taking it from some people to give it to others, as we have so often been told, then who owns the money? Who deserves the money? If money is not truly a commodity siphoned from the public, but a tool created and distributed by the government and its agents to the public, then who can claim ownership of the money currently wasting away in federal coffers? Deeper, still – who is entitled to the money that doesn’t even exist yet? If there is no money scarcity, only real resource scarcity, then most legal and philosophical conversations about distributive justice are anachronistic and impoverished.”

Keeping It Real: Law, Coercion, & The Frontiers of Public Finance by the Modern Money Network’s Raúl Carrillo

Leave a Reply

Your email address will not be published. Required fields are marked *