Follow

MMT is predicated on a coercive state that forces you to pay taxes in a particular currency.

That's their explanation for why a particular currency has value (because you have to pay your taxes in it).

on the other hand is anarchist, in the sense that no state is required for it's existence and its value is not derived from the state's monopoly on violence.

· · Web · 0 · 3 · 2
Sign in to participate in the conversation
Mastodon

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!