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Keywords: government-issued tokens
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Chapter
From the State Theory of Money to Modern Money: An Alternative to Economic Orthodoxy
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L. Randall Wray
Published: 28 January 2016
...This chapter examines the theoretical building blocks of the Modern Money Theory (MMT), an economic theory that details the procedures and consequences of using government-issued tokens as the unit of money. In recent years, MMT has risen to prominence, especially on the internet, largely for two...
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