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The Last Day of Barter and Questions for the First Day of Chartalism
Manage episode 499020460 series 2663738
In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.
Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism
1428 episodes
Manage episode 499020460 series 2663738
In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.
Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism
1428 episodes
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