Kaines's Distinction From Chartalism in the General Theory

Hans kaines wrote a treatise on money in 19 30, where he spends the whole opening chapter talking about chartalism and nap's theory of money. Haa ha ha ithink there are people in f d s, a new deal, who have come to a sort of rough and ready vision of cansean economics on their own. Mariner eccles is chair of the fed, but he's also just this guy from, you know, a utah banking family. The roosevelt administration didn't really want to run big deficits at first because tax revenues were so terrible. It's not that they started putting their foot down until 38 years later.