"Money is created when it is spent and destroyed when it is taxed ". I've studied economics... this I don't understand. What model are you using? Krugman argues that we can Spend & Tax to increase Econ Activity and that there's no downside to that curve. Krugman is wrong but he thinks he's right. I just don't know this model... could you point me to an article or class of economic theory? Not being snarky, just don't know. Thx.