Eric Maugendre<p>"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It simply creates them ad hoc. Tax dollars are destroyed upon receipt.</p><p>"When you pay your taxes, you take dollars from your checking account. […]<br>When they reach the Treasury, they cease to be part of any money supply measure. They effectively are destroyed. To pay its bills, the federal government creates new dollars, ad hoc."</p><p><a href="https://mythfighter.com/2025/03/02/a-summary-of-what-you-should-know-about-americas-economy/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">mythfighter.com/2025/03/02/a-s</span><span class="invisible">ummary-of-what-you-should-know-about-americas-economy/</span></a></p><p><a href="https://mas.to/tags/fiatMoney" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fiatMoney</span></a></p>