In my previous post “It’s not a Deficit, it’s a Fiat” (which, like this post, is open access on Patreon and Substack), I showed that the so-called “Deficit” is actually government creation of “Fiat” money. If you haven’t read that post yet, read it now and come back to this one later. In that post, … Continue reading "It’s not a debt, it’s a gift"