Is It Money Because It Is Redeemed in Tax Payments? A Response to Kelton and Wray

نویسندگان

چکیده

This article was prompted by Kelton and is a belated response to Wray (2016), who presents an argument for the so-called chartalist view that government currency valued because it can be “redeemed” in tax payments. Wray’s historical cases back up idea. responds arguments therein, position general, pointing out logical errors showing examples fail support theory. It demonstrates argument, as presented argued Wray, flawed liabilities are insufficient (and unnecessary) qualify something money.

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ژورنال

عنوان ژورنال: Quarterly Journal of Austrian Economics

سال: 2023

ISSN: ['1098-3708', '1936-4806']

DOI: https://doi.org/10.35297/qjae.010151