realities is a thing i need to have faith about, grasp, understand and come to believe. Warren said no faith was required. More or less everybody knows the government can just print up the currency if it wants. So i just cannot grasp the big deal of that being endlessly repeated. I thought MMT was just a description of modern money when i began this journey. I am just bewildered. Bill Mitchell says the tax money goes nowhere while he is describing the accounts. The whole thing is just incomprehensible to me that he can say that. What is this MMT thing about 'just accounts' and accounts are abstract to the point they have no human meaning at all. "But you are saying operational realities is a thing i need to have faith about, grasp, understand and come to believe. Warren said no faith was required." Well I guess you could say that is true from your perspective since you don't work at the Fed or the Treasury and so you can't literally go and see their computer spreadsheets and mark ups. But the fallacy you are entering into is that you can't do that now either so you already have faith in a system you have no evidence exists. The only evidence you have is arcane laws based on a system that no longer exists and is therefore no longer relevant. I mean by your definitions and statements, wouldn't it be impossible to even have federal deficits? I sympathize