The MMT Podcast with Patricia Pino & Christian Reilly cover image

#43 Sam Levey: Understanding Endogenous Money

The MMT Podcast with Patricia Pino & Christian Reilly

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The Evolution of Money and Debt

This chapter examines the historical significance of tally sticks as a method of recording debt and how it reflects the broader theory of money as an IOU. It discusses the origins of money in the context of governance and labor organization while comparing ancient accounting methods to modern financial systems.

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