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Show Notes
Despite the claims of the chartalists and modern monetary theory advocates, early American monetary history tells a much different story. In fact, much of the historical evidence illustrates Menger’s theory.
Original article: https://mises.org/mises-wire/barter-media-exchange-and-colonial-america
Topics
History of the Austrian School of EconomicsMonetary TheoryMoney and BankingOther Schools of Thought