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Stone’s Kindle Notes & Highlights
Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
, by
L. Randall Wray
3%
logically money cannot be a commodity – like gold; rather, it must be an IOU.
IOU, "I owe you"
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See Stone’s 145 notes & 195 highlights
Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
by
L. Randall Wray
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