In "Understanding Modern Money: the Key to Full Employment and Price Stability", in 1998, L. Randall #Wray repeats "that #money should fundamentally be understood as an IOU created by a currency issuer; specifies this through the idea of the state’s promise to accept the #currency it issues back as payment of a tax obligation."
⸺
https://strangematters.coop/history-of-chartalism-modern-monetary-theory-mmt-part-two/ #MMT #transition #inflation economics group (npub13yy…7csh) #economics
Eric Maugendre about carbon
npub16k…r244v
2023-06-17 17:54:26 UTC
Author Public Key
npub16k2f053c4udn6m8ql067max8uha37gue9ps9dd6rhcpsl75lkv7qdr244vSeen on
wss://relay.momostr.pinkPublished at
2023-06-17 17:54:26 UTCEvent JSON
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