9min chapter

The MMT Podcast with Patricia Pino & Christian Reilly cover image

#6 Nathan Tankus: What makes a currency valuable?

The MMT Podcast with Patricia Pino & Christian Reilly

CHAPTER

Exploring Myths and Realities of the Medieval Economy

This chapter delves into a documentary film 'Boom, Bust, Boom' on Minsky, a book challenging the myth of the medieval Jewish money lender, and debates the origins of money by debunking the myth of barter. It highlights how money doesn't arise from individual barter transactions but evolves from complex social relationships, debts, and reciprocal obligations.

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