Three difficulties with neo-chartalism

@article{Febrero2009ThreeDW,
  title={Three difficulties with neo-chartalism},
  author={Eladio Febrero},
  journal={Journal of Post Keynesian Economics},
  year={2009},
  volume={31},
  pages={523 - 541}
}
  • Eladio Febrero
  • Published 2009
  • Economics
  • Journal of Post Keynesian Economics
Neo-chartalists have made three assertions that deserve qualification: (1) money has value because the state accepts it for the payment of taxes, (2) the state has the ability to determine its value, and (3) private bank money can be understood as a "leverage" of fiat money. Conversely, we believe that money is accepted in the last instance because it is useful for cancelling bank debt; the power of the state to determine its purchasing power is limited, and bank deposits are not a leverage of… Expand
14 Citations
...
1
2
...

References

SHOWING 1-10 OF 59 REFERENCES
The Role of the State and the Hierarchy of Money
Modern Money: Fiat or Credit?
Money and credit in capitalist economies : the endogenous money approach
The State, the Market and the Euro
Horizontalists and Verticalists: The Macroeconomics of Credit Money
...
1
2
3
4
5
...