
#137 Eric Tymoigne: What Makes Something Money?
The MMT Podcast with Patricia Pino & Christian Reilly
Is There a Spectrum of Moneyness?
Eric tomoyn is an economist, author and professor of economics at the University of Cambridge. He says that in a capitalist economy it's just the nominal sum that matters. And so for solvency of an economic unit, he says, "Nominal sums are what determines credit" Tomoyn: In past century purchasing power has been declining almost constantly.
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