When debt is assigned to fiat currency and an income tax is levied to pay the...

[Trout1]

...assigned fiat debt Its called? Create cash -- fiat money

Assign a debt -- to the fiat money --

Loan it to the government at interest (the debt assigned as a % )

Declare a tax on income to recover the money to pay the fiat debt levied against the fiat cash

---------------------

It is called what sort of system --

What name would you give --- the above described -- used throughout the western world system of economics

 

[ingsoc1]

how do you create debt and assign it? Is that a wacky way of saying inflation?

 

[BillyBlaze]

I would call it "you don't know as much about economics as you pretend to know."

 

[OWSLiberal]

It's called restructuring dividends Bro.