November 9 2020 | Modern Money Theory: Week 1 | Back Next |
"Just agree that some item, which should be relatively easy to keep track of, counts as paying what's due or owed. Once enough people adopt the convenient arrangement, settling a wide range of debts and obligations in their daily business, they've got money." (27)
Hence, money is a social relationship
... which people establish amongst one another for resolution of obligations
Home Last TOC | Copyright © 2020 James E Keenan | Back Next |