Functional finance and the pitfalls of tax as revenue
The text argues that using taxes to manage revenue through credit expansion undermines popular control over spending, creates unlimited government credit via a central bank and inconvertible currency, and erodes incentives and equity. It concludes taxation for revenue remains essential for a reliable productive economy.
MENTIONED IN THIS ARTICLE
Tran
Moffat Arrival From Ellensburg Sets Resume Date
Eton Moffat arrives from Ellensburg Washington today and will stay until the first of the year. He is the son of Mr and Mrs John Moffat of Ellensburg. I will not be here to take work in my line until September 1 1946.
MENTIONED IN THIS ARTICLE
Eton Moffat
Ellensberg
Washington
John Moffat
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