The amount of any payments — an idea that Trump said was still under consideration — would depend on figures from DOGE, which has had some of its savings claims debunked.
Before currency was even invented, taxes were levied in the form of precious metals, livestock, crop harvests, and other resources. The government can’t print a chicken.
In the US, the first issuance of currency happened centuries ago. The government’s spending comes from tax revenue (and issuing bonds and other stuff).
Before currency was even invented, taxes were levied in the form of precious metals, livestock, crop harvests, and other resources. The government can’t print a chicken.
In the US, the first issuance of currency happened centuries ago. The government’s spending comes from tax revenue (and issuing bonds and other stuff).
That was only true when money had any relation to a physical good like gold.
Fiat money dominates, and it’s not bound by anything.
Like I’m not saying any crazy conspiracy theory. It’s just how the world has worked since Nixon…