Deficit Owls | MMT: Taxes Are Sufficient But Not Necessary To Drive A Currency @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 9 hours ago.
Professor L. Randall Wray discussing ways of driving acceptance of a currency. MMT argues that taxes are the primary method: the government declares that you must pay a tax in a currency that only it issues, meaning you must work for the government (or for somebody else who has worked for the government or otherwise obtained the currency) or else something bad will happen to you. But, although this is a sufficient condition to drive a currency, it is not necessary, and there could be other ways.
See the whole video here:
youtube.com/watch?v=SFf95BVx9Qw&index=7&list=PLYvSXI9SKGf2lIno6TI0r_PbLX_cpAwuu
Like Deficit Owls on Facebook here:
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Professor L. Randall Wray discussing ways of driving acceptance of a currency. MMT argues that taxes are the primary method: the government declares that you must pay a tax in a currency that only it issues, meaning you must work for the government (or for somebody else who has worked for the government or otherwise obtained the currency) or else something bad will happen to you. But, although this is a sufficient condition to drive a currency, it is not necessary, and there could be other ways.
See the whole video here:
youtube.com/watch?v=SFf95BVx9Qw&index=7&list=PLYvSXI9SKGf2lIno6TI0r_PbLX_cpAwuu
Like Deficit Owls on Facebook here:
facebook.com/DeficitOwls
