| May 4 2019 | Modern Monetary Theory: The Very Basics | Back Next |
Notion of "debt-free money" is based on a non-sequitur
Hyman Minsky: "Anyone can create money. The problem is to get it accepted."
All money tokens are IOUs, spent or lent into existence
Their issuers must accept them back in payment
Those who will make payments must accept them
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