What is Money? The way a sovereign currency "works" - L. Randall Wray

in #dtube2 years ago (edited)

What is Money? Why is at accepted? What is the relationship between money & government? What backs up our money? Can the US government run out of money? You may be surprised by the answers!
L. Randall Wray, Ph.D. is a Professor of Economics and Research Director for the Center for Full Employment and Price Stability at the University of Missouri-Kansas City. He is also a Senior Scholar at the Levy Economics Institute of Bard College. Dr. Wray was a student of Hyman P. Minsky, whose work on financial instability has received significant attention following the global financial crisis. He is the author of Understanding Modern Money: The Key to Full Employment and Price Stability (Elgar, 1998), and currently blogs at New Economic Perspectives and at Great Leap Forward.
Source: 'Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt'

... under a creative commons license https://creativecommons.org/
About the Creative Commons License: One goal of Creative Commons is to increase the amount of openly licensed creativity in “the commons” — the body of work freely available for legal use, sharing, repurposing, and remixing. Through the use of CC licenses, millions of people around the world have made their photos, videos, writing, music, and other creative content available for any member of the public to use.

How likely is it that Bitcoin will become obsolete? Andreas M. Antonopoulos

End screen music: TeknoAXE's Royalty Free Music - Cavern Starting Area 1