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R. Wray: Modern Money - the way a sovereign currency "works"

submitted by radx

8 years 1 month 4 weeks ago

Economics Professor Randy Wray answers the questions:

What is Money?
Why is at accepted?
What is the relationship between money & government?
What backs up our money?
Can the US government run out of money?

From the first seminar of the "Modern Money and Public Purpose" series at Columbia Law School.