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Kathryn Cannon @katiecannon2
, 3 tweets, 2 min read Read on Twitter
@KayKosmos And we all need to be clear: The government issues our currency that funds private net savings. Banks issue loans (private debt). And everything gets paid for either by government spending or bank lending:
thenation.com/article/defens…
@KayKosmos 2/. Among other things, federal taxes regulate inflation by removing excess gov spending from the private sector. For any government funded program, the question is never about affordability, but whether it will create unacceptable levels of inflation. medium.com/@ClaireConnell…
@KayKosmos 3/. Single payer seems to have a deflationary, not inflationary, bias:
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