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Do Communists Understand Money? Marxism and the Economics of Value w/ Colin Drumm and Acid Horizon

Acid Horizon

CHAPTER

The Development of the Modern State Constitution

The dollar system was really born out of the American Civil War. Money poses a threat to constitutional order, and it also depends upon the maintenance of constitutional order. The idea that debt owed to you by a sovereign would be risk free is actually extremely counterintuitive. So this is central to not only MMT, but to what's to modern financial portfolio theory.

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