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title
Seeing the Forest
description
Who is our economy FOR, anyway?
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Seeing the Forest
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updated
2025-12-17 08:57:51
raw text
Seeing the Forest | Who is our economy FOR, anyway? Mastodon Seeing the Forest Who is our economy FOR, anyway? Search Main menu Skip to primary content Skip to secondary content Home About Seeing the Forest Post navigation ← Older posts This Is How Money Works (Video) Posted on January 23, 2024 by Dave Johnson Watch this video. The “gold standard” ended a long time ago. Since then economies work in a more “modern” way. Hence “Modern Monetary Theory” – MMT. Countries no longer round up gold to “pay for” things. They decide on priorities and issue currency – “spend” – as an exchange medium. They impose taxes to both soak up excess currency and rebalance the distribution of wealth. The currency that is “spent” into the economy and not taxed back out is still unfortunately called a “deficit” and the total over the years is unfortunately called “debt.” This is the legacy of ancient times and the use of gold. (This should be called “National Money” ...
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