Tag: Taxation

Singapore: “Who will pay for it?” “Where will we find the money?” – The fallacy of the household budget analogy applied to national budgets

Singapore: “Who will pay for it?” “Where will we find the money?” – The fallacy of the household budget analogy applied to national budgets

Why what you’ve been told about government debt is wrong, why governments do not actually need to tax before they spend and why deficit spending does not need to be financed via public debt issuance. As our understanding of the mechanics of public finance has