💲💲💲 Iran War Cost Tracker 💲💲💲
(iran-cost-ticker.com)
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So if there is 1000 expenses and taxes only cover 800, and there is 10000 in the economy (10000 - 800 = 9200 left), it means the 200 are extracted by devaluing the 10000 (making the new sum of money in existence 10000 + 200 = 10200), which only amounts to a 2% in value (which is what we know as "inflation").
Repeat ad infinitum, start from where central banking was established (1913 I think).
IF the money wouldn't be printed, it would mean the government would literally lack the money to do its spending - it would run out of money. So either it would force higher taxes (which people do not like) or decrease its spending (which people do like). This way it doesn't even have to keep itself to the limitation of reality.
Maybe I should make a post about this...