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A comment on For the First Time, the Fed Is Losing Money. Parent comment

Re:For the First Time, the Fed Is Losing Money by SamPatt on Tuesday March 28, 2023 @01:39PM (#35344882)
What field of economic thought leads you to claim that inflation can (and should) be controlled by taxing the rich?

This is an unusual claim, to say the least.

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Re:For the First Time, the Fed Is Losing Money by rsync on Wednesday March 29, 2023 @05:06AM (#35354499)
"What field of economic thought leads you to claim that inflation can (and should) be controlled by taxing the rich?"

Not "the rich" per se, but he is speaking of MMT[1] which maintains that the government of a sovereign printer (sorry, Argentina) does not need taxes at all because they don't "need" the money.

MMT purports that money is created by "printing" it into existence and money is destroyed by taxing it away.

[1] https://en.wikipedia.org/wiki/Modern_Monetary_Theory

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Re:For the First Time, the Fed Is Losing Money by dmn322 on Wednesday March 29, 2023 @07:44AM (#35355739)
When the federal reserve loans money to banks, where does that money come from?

When the federal government pays its debt to the federal reserve, where does that money go?

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