Showing posts with label metalism. Show all posts
Showing posts with label metalism. Show all posts

Wednesday, October 18, 2017

JP Koning — An example of tax-driven money during the greenback era


Some interesting history.

Moneyness
An example of tax-driven money during the greenback era
JP Koning

Tuesday, February 16, 2016

Lord Keynes — Marx rejected Fiat Money


Quotes from Marx showing that he was a gold bug.

Social Democracy For The 21St Century: A Post Keynesian Perspective
Marx rejected Fiat Money
Lord Keynes

Saturday, September 26, 2015

Dirk Ehnts — Adam Smith on tax-driven paper money

I am teaching Origins of Political Economy this fall which allows me to (re)read some classical books starting with Adam Smith. Having read Ricardo, students were wondering whether the metalist view still holds today and if not, what replaced it. I found this paper by Stephanie Bell [now Kelton] very enlightening, which contains a quote from Adam Smith. Here is the full paragraph (source) from ‘Chapter II (continuation): On Money considered as a particular Branch of the general Stock of the Society, or of the Expense of maintaining the National Capital‘:
You might want to keep this quote.

econoblog 101
Adam Smith on tax-driven paper money
Dirk Ehnts | Lecturer at Bard College Berlin

Wednesday, January 29, 2014

Lars P. Syll — Keynes & MMT



Keynes quote on chartalism versus metalism for the file.

Lars P. Syll | Professor, Malmo University