Robert,
what you are describing as chartalism is more correctly a description of
the MMT discourse, of which I am an advocate. Chartalism more accurately
refers to the origin of currency as a "chartal" or token of value. The MMT
is not just another discourse regarding economics. It integrates
macro-economics, monetary issues, and functional fiscal policies.
Functional fiscal polices include setting full employment as a functional
goal, rather than a political slogan to be abandoned after the count. MMT
advocates are sometimes described as chartalists, due to recognizing
currency as tokens of value.
Tadit
On Wed, 21 Sep 2011 09:20:52 -0400, robert searle <dharao4@yahoo.co.uk>
wrote:
_______________________________________________
> Michel, et al,
> I have done a check on the p2pfoundation site, and it
> appears that Chartalism is not present yet it is an important form of
> monetary reform. It is often known nowadays as Mondern Monetary Theory,
> or MMT. There has been some data on it already on the discussion group,
> but the wikipedia entry could in full, or in part go on the
> p2pfoundation site if desired....
> http://en.wikipedia.org/wiki/Chartalism
> Essentially, it believes that governments should create "enough" new
> non-repayable money to fund social, economic, and political concerns.
> Taxation is seen as a means of reducing inflation as opposed to raising
> revenues in the conventional manner.
> R.S.
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