Web15 aug. 2024 · The existing literature goes a long way in explaining the complex social relations that define international monetary hierarchy. Conceptions of hierarchy are typically linked to the international role of state-issued currencies, with the US-Dollar (USD) placed at the top, and other currencies following below (Cohen, 1998; Strange, 1971). Web1 dec. 2024 · The contemporary literature on complementary currencies acknowledges and accepts the central insights of chartalism and functional finance . Bernard Lietaer and Jacqui Dunne, in Rethinking Money ( 2013 ), write: [A] sovereign government does not really “need” to raise taxes to pay for its expenses.
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Money Definition, Economics, History, Types, & Facts
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