Friday, November 6, 2015

Printing Tax Cuts

"One thing is true of all governments. Their most reliable records are tax records."
--Finch (V for Vendetta)

These pages have long posited that a primary way for central banks to circumvent the deflationary credit money system is to send people money directly (i.e., 'drop money from helicopters'). The tax cut and stimulus rebate checks a few years back were examples of this.

This article suggests that a less direct approach could be have government issue a tax cut citizens, but then finance federal spending that would otherwise have to be cut by printing money.

Same end effect, of course, but by using means more prone to deceive.

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