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  1. J

    Debt: the first 5,000 years.

    Which is why his critism is so stange: he basically claims "standard economic theory says barter is a terrible way to carry out most any trade, which is why people switch to some medium of exchange almost immediately, but since we don't see any barter society, therefore mainstream economics is...
  2. J

    Debt: the first 5,000 years.

    I became aware of this book through, bless his heart, Adam Friended's recent rabbit holing of MMT. Apparently, its actually a fairly big book, and seems to be the source of several strange arguments I'd been seeing but didn't know the origin of. As far as I can tell, the core argument of the...
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