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