3 ms·
Agreed. Acceptance for tax payment is what imbues money with value.
by branchless 10y ago
Agreed. Acceptance for tax payment is what imbues money with value.
- RobertoG 10y agoI read your comments and I think you are missing only a few pieces of the puzzle. I recommend you to investigate Modern Monetary Theory. It's what made me fill the holes in my understanding (the bigger holes, at least).
- branchless 10y agoI'm familiar with MMT and my understanding is that sites like positive money push this perspective, that banks create money: http://positivemoney.org/how-money-works/how-banks-create-money/ http://positivemoney.org/how-money-works/how-banks-create-mo...