The theory that modern money originated via sovereigns' direction of economic activity. States created demand for the currency they issue primarily by levying taxes payable only in that currency.
This seminar will explore the political, economic, and legal innovations leading up to, during, and following the Lincoln Administration and the Civil War.
Implications of Monetary Sovereignty & Stock-Flow Consistent Accounting
Sep 25, 2012
This seminar will examine the legal and institutional structure of the current global monetary system, with a particular emphasis on the economic freedoms afforded to nations such as the U.S., U.K., Japan, Canada and Australia that use a non-convertible fiat currency with a floating exchange rate.
This seminar will explore the social structures that have historically underpinned debt and money systems, and apply insights gleamed from them to our contemporary economic problems.
