Fiat Money and Chartalism: Why MMT Is Wrong
Update: 2025-06-12
Description
Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren't supported by the historical facts.
Articles and resources mentioned:
Is It Money Because It Is Redeemed in Tax Payments? A Response to Kelton and Wray by Per Bylund.
MMT and US History: Redefining Chartalism by Joshua Mawhorter.
MMT, Chartalism, and the Colonial Experience by Joshua Mawhorter.
How the Classical Gold Standard Fueled the Rise of the State by Ryan McMaken.
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