Mathew Forstater & Geoffrey Ingham: Tax-Driven Money and Credit Theory of Money

About this episode

The episode discusses the Credit Theory of Money and the Tax Driven Money approach, emphasizing the social relations of debt and the role of government in establishing money's value.

Notebook LM generated. The Credit Theory posits that money's essence is not as a physical commodity, but as a social relation representing debt/credit. All participants in a monetary system engage in these relations, settled by transferring abstract value. The Tax Driven Money approach, a specific form of credit theory, argues that the government's power to levy taxes and demand payment in a specific unit of account drives the value and general acceptability of money.

People in this episode

Host: Tschäff

Guests: Mathew Forstater, Geoffrey Ingham

Topics covered

• Credit Theory
• Tax Driven Money
• Monetary System
• Debt
• Social Relations

Keywords

• Credit Theory
• Tax Driven Money
• money
• debt
• social relations
• monetary system
• government
• value

Mentioned in this episode

Organizations: Notebook LM

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