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4min chapter
Deconstructing Economic Paradigms: Insights on MMT and Marxism with Jonathan Kadmon
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The Marxist Value Debate
It is not a credit money or a fiat currency or a state currency as you call it an MMT. It's literally trading in some kind of stamped and control goal like England in the 13th century. And that was the way that we can switch the colonies actually ran off of script money basically. The how much goal was backing a dollar was variable even during the Britain wood system. My favorite crackpot Marxist theory is when they call everyone who proposes Fiat Fictitious Currency fascist.
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