Ashish Barua/आशिष बरूआ #MMT (INDIA) 🍉@barua_ashish
You will never catch Milton Friedman explaining how monetary operations actually work between a central bank and its own government, because once you understand that reality, the entire mainstream narrative collapses. What we’ve been fed for decades is nothing short of economic gaslighting in broad daylight.
The idea that the government is “spending taxpayers’ money” is one of the biggest myths ever sold. It sounds intuitive, it sounds responsible, and it is completely false.
A sovereign government does not spend your money. It does not wait around for taxes or borrowings to “fund” itself. That’s not how modern monetary systems operate.
Government spending comes first; it is created through keystrokes, through the coordinated operations of the treasury and the central bank. Taxes and bonds come later, serving entirely different purposes: managing demand, controlling inflation, maintaining interest rate targets, not financing spending.
So let’s be absolutely clear:
The government is not a household.
It is not constrained like you or me.
And it does not spend someone else’s money.
Repeating that lie over and over doesn’t make it true; it just keeps people confused while bad policy continues. #LearnMMT
