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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, by L. Randall Wray

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Indeed, banks and others normally make their own obligations convertible into the state’s obligations.

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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

by L. Randall Wray

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