Deficit Owls | The Barter System Is A Myth: The State Is Always Involved In Money @deficitowls5296 | Uploaded September 2016 | Updated October 2024, 3 hours ago.
Professor L. Randall Wray on the Thom Hartmann show discussing the origin of money. Even though economics textbooks like to give the narrative of barter evolving into a monetary market, there is actually ZERO historical evidence that this has ever happened, ANYWHERE, EVER. Rather, the historical record supports the MMT claim that money systems evolved as a method for rulers to to claim resources from private citizens without just taking it.
More on how that works here: youtube.com/watch?v=iT4JLIuFhaA&index=4&list=PLZJAgo9FgHWao1lUs2cH2o-K0O6kLSUBE
See the whole interview starting here: youtube.com/watch?v=O03xa40oDPI&index=1&list=PLgcM72HHp0MOXIjA_C9eTPrtgMQJZZF_7
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Professor L. Randall Wray on the Thom Hartmann show discussing the origin of money. Even though economics textbooks like to give the narrative of barter evolving into a monetary market, there is actually ZERO historical evidence that this has ever happened, ANYWHERE, EVER. Rather, the historical record supports the MMT claim that money systems evolved as a method for rulers to to claim resources from private citizens without just taking it.
More on how that works here: youtube.com/watch?v=iT4JLIuFhaA&index=4&list=PLZJAgo9FgHWao1lUs2cH2o-K0O6kLSUBE
See the whole interview starting here: youtube.com/watch?v=O03xa40oDPI&index=1&list=PLgcM72HHp0MOXIjA_C9eTPrtgMQJZZF_7
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
