Re:California will pay off all past due rent
by risk000 on Wednesday June 23, 2021 @02:13PM
(#27607948)
Money doesn't come from taxes and debt.
It is created de novo within a computer system.
It is conceptualized, according to intellectual paradigms, as originating as a 'debt' and being "paid back" by taxes. But this accounting is fallacious. There is a movement in economics called MMT which is going to challenge these paradigms.
I totally agree that the government screwed over landlords with the moratorium. Everyone with an IQ above room temperature at the time agreed a better solution was better unemployment insurance for those who lost their jobs.