Comment on Loopy: a tool for thinking in systemsparentComments−rapsey6yIt's not so simple. Governments run huge deficits and debt is the primary means of funding. Taxes are more of an inflation guard.−Sambdala6yThey specified Municipal and/or State governments which cannot monetize a deficit.
Comments
It's not so simple. Governments run huge deficits and debt is the primary means of funding. Taxes are more of an inflation guard.
They specified Municipal and/or State governments which cannot monetize a deficit.