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By contrast, "chartalists" view money as a complex system of credit relationships, which allows value to flow within a society.
He talks vaguely about market reaction to the reviews, and a system of credit ratings for participating countries.
One essay considers our lives as a flawed system of credit and debit, another explores a kind of technocratic coercion that Moten and Harney simply call "policy".
So he nationalized the state Revolutionary War debts, weaving together the economies of the states and creating an American system of credit and capital markets.
"It's not the direct effect I fear, but the indirect effect, the progressive paralysis of the system of credit that touches the whole world," he said.
In turn, our system of credit has frozen, which is keeping American businesses from financing their daily transactions — and creating uncertainty throughout our economy.
Similar(35)
One would involve a nationwide system of credits for carbon burning, with a total cap.
It is impossible to reduce biodiversity into a system of credits as envisaged by many offsetting systems.
The system of credits, although informal, must be reckoned as important, because they are of large amount.
It was easier to create a system of credits that was "like a currency," that could be moved around easily.
The economic chain involves a complex contractual system of credits the pharmaceutical industry uses with its wholesalers, which, in turn, have financial relationships with end users like Oregon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com