Tony, thanks for starting the conversation. I'm just starting the book, but I've heard similar ideas from other sources. They may be right, I can't say. We haven't had inflation in the developed world since globalization. Look at Japan that has done WAY more stimulus than the US and is still constantly fighting off deflation.

The problem I have is how the money would be used. Taxes and benefits create incentives for people to work or not work, save or not save, invest or not invest. If we guarnatee everything for everyone with no work required, then I don't believe that will end well on a social level (regardless of the financial consequences).

It is an interesting thought that the government needs taxes to drive behavior rather than to collect revenue. The question is about the behavior. Do we create a larger and larger pool of people that depend on the government for their survival? Or do we find ways to encourage people to help create a better future through work hard work and innovation?

I don't believe we can solve many of our fundamental problems by just giving people money. The US education system is one of the best funded in the world, but the results are less than stellar (https://www.theguardian.com/us-news/2018/sep/07/us-education-spending-finland-south-korea). Health care is the same (https://www.healthsystemtracker.org/brief/what-drives-health-spending-in-the-u-s-compared-to-other-countries/). Just throwing money at these problems will not fix them, but will likely make them worse, in my opinion.

I'm not sure the problem is a lack of funding. We spend a tremendous amount of money on a lot of different things. The problem, in my opinion, is a lack of results. Until we find better ways to do things, an unlimited supply of money will just exacerbate the problem.

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