• FelixCress@lemmy.world
    link
    fedilink
    arrow-up
    8
    ·
    21 hours ago

    Remember, the government is the issuer of the currency. They don’t need to collect dollars in order to spend them.

    Yup, that worked a treat in Zimbabwe.

    • kibiz0r
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      1
      ·
      20 hours ago

      “They don’t need to collect dollars in order to spend them” does not mean “They ought to spend dollars and not collect them”.

      I’m only describing that collecting X amount from tariffs does not imply that spending must necessarily increase by X somewhere due to some kind of conservation of dollars that the OP seemed to assume.