3 ms·
Where are you reading that currencies require sovereign powers?
by Retra 11y ago
Where are you reading that currencies require sovereign powers?
- dools 11y agoTaxation (or any other liability imposed on a population by a sovereign) is what drives the value of money. This is a good macroeconomic and historical overview http://m.youtube.com/?#/watch?v=0zEbo8PIPSc http://m.youtube.com/?#/watch?v=0zEbo8PIPSc also check out A Primer on Modern Money by Randall Wray and anything by Bill Mitchell (including his blog).