
#137 Eric Tymoigne: What Makes Something Money?
The MMT Podcast with Patricia Pino & Christian Reilly
Keeping the Nominal Value Continued
Historians have debated for a long time how to set the nominal value of money. Chartlists say there are three phases in monetary instruments' life: injection, circulation and redemption. The idea is that each monitary instrument can be redeemed by whomever holds it. But chartlists also point out you need specific requirements at the injections phase - so don't just issue according to what's needed.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.