Here's a book edited by Wray on the subject. It has indeed some very
interesting insights. Got it off the web myself sometime ago, so I don't
believe I'm violating any copyright.
http://www.vcn.bc.ca/~vertegaa/wray.pdf
ps, I'm still working on a reply to Jim D. I'm afraid it's getting to be
rather long and won't be ready for a while yet.
John V
Michael Perelman wrote:
I think that Randy Wray is on to something. I have been reading up on John
Law's Mississippi bubble. He got the state to accept his notes as payment,
making them serve as money.
On Mon, Dec 29, 2008 at 11:30:13PM -0000, McDonough, Terrence wrote:
Does no one else see any merit in the chartalist approach to money which argues
that money is anything the state deems acceptable in payment of taxes.
Terry
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