November 9 2020 | Modern Money Theory: Week 1 | Back Next |
Evaluate them against Hockett and James's 4 features of money
Promissory claim
Mosler issues business cards to his children for chores
Promises to accept them back in satisfaction of taxes
Transferable
Children trade with them
Widely accepted
Here, only within the Mosler household
Fulfilled large share of obligations
Here again, only within the Mosler household
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