#43 Sam Levey: Understanding Endogenous Money

In this engaging discussion, guest Sam Levey, a research scholar at the Global Institute for Sustainable Prosperity, dives into the complexities of endogenous versus exogenous money creation. He clarifies misconceptions about how currency value is shaped by government actions and banking practices. The conversation critiques traditional monetary policies, explores historical methods of debt recording, and highlights the role of central banks in maintaining liquidity. Levey also touches on tax justice and the implications of Modern Monetary Theory for economic stability.