We need to broaden our thinking about taxation and spending. The "monetary scientists" at the Fed are administering a system of fiat money creation in which taxes are not even necessary to finance government expenditures. Politicians have a choice: Any government program can be financed either through the constitutionally mandated system of taxation and legislative appropriation OR through money conjuring and inflation. Both methods of revenue collection work equally well. Fighting about specific taxes, deductions, subsidies and rates is important, but misses the point, when politicians and bankers have the option of bypassing the constitutional mechanisms in their entirety and achieving the same result.