[P2P-F] Chartalism, a new P2P Entry?

[ideasinc at ee.net]

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 at 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.