
#130 Andrés Bernal: Inflation & What Orthodox Economists Misunderstand About Money
The MMT Podcast with Patricia Pino & Christian Reilly
00:00
Turning Litter Into Money
Fia currency is a promise to pay off a certain quantity of your tax obligation to the state. As soon as he imposes his tax, every audience member is looking for work that pays in the room's currency, but can't find it. It makes no sense to levy taxes on a population and then not nd enough currency to give a job to everybody who wants one. In real economies, it's impossible to target a precise number of pounds or dollars or yen which will bring about true full employment.
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