"A national government is well placed to ensure acceptance of its own money. […]
"The key to ensuring acceptance of a national currency is in the state’s power to tax. By specifying that taxes and other obligations to the state must be settled in government money, the government creates a need for individuals and businesses to obtain the currency."
Peter Cooper (2015): https://heteconomist.com/money-interpreted-as-an-iou/
#money #reserves #centralBanks #banks #currency #MMT #power #wealth #settlement #transactionsv #taxes
Eric Maugendre about carbon
npub16k…r244v
2024-09-28 21:13:43 UTC
in reply to nevent1q…5996
Author Public Key
npub16k2f053c4udn6m8ql067max8uha37gue9ps9dd6rhcpsl75lkv7qdr244vSeen on
wss://relay.momostr.pinkPublished at
2024-09-28 21:13:43 UTCEvent JSON
{
"id": "3320c473b67db21d3d8a40cfb773dcdc992678981980a4f0a2a06d6accd9aa48",
"pubkey": "d59497d238af1b3d6ce0fbf5edf4c7e5fb1f2399286056b743be030ffa9fb33c",
"created_at": 1727558023,
"kind": 1,
"tags": [
[
"t",
"wealth"
],
[
"t",
"money"
],
[
"p",
"8908374f0b77eb500db2cc6bf34bc2c91e2bdf3c7df9218f2be3784f00a6f176"
],
[
"t",
"taxes"
],
[
"t",
"banks"
],
[
"e",
"0239293fa87b351967e8d3fefcd2ce3ce8835c4af815d16ba737438273b8e302",
"",
"root",
"d59497d238af1b3d6ce0fbf5edf4c7e5fb1f2399286056b743be030ffa9fb33c"
],
[
"t",
"mmt"
],
[
"t",
"currency"
],
[
"proxy",
"https://mas.to/@maugendre/113217242624688043",
"web"
],
[
"t",
"transactionsv"
],
[
"t",
"centralbanks"
],
[
"p",
"d59497d238af1b3d6ce0fbf5edf4c7e5fb1f2399286056b743be030ffa9fb33c"
],
[
"p",
"e61e11d149f87684bc9ff389c9903e3e36b8679ab5cfec606b83649546de3a26"
],
[
"t",
"power"
],
[
"t",
"settlement"
],
[
"e",
"0df0db487681549bce6c6dac952cc8032f4887367280f503be624f442a71ab5c",
"",
"reply",
"d59497d238af1b3d6ce0fbf5edf4c7e5fb1f2399286056b743be030ffa9fb33c"
],
[
"t",
"reserves"
],
[
"proxy",
"https://mas.to/users/maugendre/statuses/113217242624688043",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mas.to/users/maugendre/statuses/113217242624688043",
"pink.momostr"
],
[
"-"
]
],
"content": "\"A national government is well placed to ensure acceptance of its own money. […]\n\"The key to ensuring acceptance of a national currency is in the state’s power to tax. By specifying that taxes and other obligations to the state must be settled in government money, the government creates a need for individuals and businesses to obtain the currency.\"\n\nPeter Cooper (2015): https://heteconomist.com/money-interpreted-as-an-iou/\n\n#money #reserves #centralBanks #banks #currency #MMT #power #wealth #settlement #transactionsv #taxes",
"sig": "1b7a14326f3242675391218ec7120844771754cfde7ebf3e8b182fc3d9eef366d33d7d2178498ec6f8ab46b5801b050239c2353bfda30464cb01e54849c59ac8"
}