Deficit Owls | The Purpose Of Money Is To Provision Government (or, "How To Turn Litter Into Money") @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 1 hour ago.
Warren Mosler, one of the founders of Modern Monetary Theory, on what the logical purpose of money is. This is not to say that it doesn't achieve other ends as well, but rather that as a point of logic it is a solution to the problem of how to provision government.
"How To Turn Litter Into Money" demonstrates the mechanism by which acceptance (or "acceptation") of money can be driven by the power standing behind the issuing authority. This contrast with the general public perception that so-called "fiat money" is accepted only because the government says so.
See the whole debate here: youtube.com/watch?v=cUTLCDBONok
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Warren Mosler, one of the founders of Modern Monetary Theory, on what the logical purpose of money is. This is not to say that it doesn't achieve other ends as well, but rather that as a point of logic it is a solution to the problem of how to provision government.
"How To Turn Litter Into Money" demonstrates the mechanism by which acceptance (or "acceptation") of money can be driven by the power standing behind the issuing authority. This contrast with the general public perception that so-called "fiat money" is accepted only because the government says so.
See the whole debate here: youtube.com/watch?v=cUTLCDBONok
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
