People lately have been fond of saying about funding government programs that there is “no magic money tree.”

But the thing is, for a sovereign nation with a fiat currency…there kinda is.

Like all magic, it can go wrong — but we are so very far away from that in the UK and the US.

Or rather, it already has gone wrong, by way of the magic money tree’s bounties only being distributed to banks and to the rich.

See the graph in the post below for reference.