Chartalism
In macroeconomics, chartalism is a heterodox theory of money that argues that money originated historically with states' attempts to direct economic activity rather than as a spontaneous solution to the problems with barter or as a means with which to tokenize debt, and that fiat currency has value in exchange because of sovereign power to levy taxes on economic activity payable in the currency they issue.
Chartalism - Wikipedia Jump to content From Wikipedia, the free encyclopedia Heterodox theory of money Not to be confused with Chartism . Part of a series on Macroeconomics Basic concepts Output and measurement Growth Business cycle Financial crisis Recession National accounts SNA GDP GNI NNI Output gap Unemployment Money and prices Exchange rate Inflation Cost-push Deflation Demand-pull Disinflation Price level Shrinkflation Stagflation Interest rate Liquidity trap Money Creation Demand Liquidity preference Endogenous Supply Dynamics and theory Aggregate demand Effective demand Aggregate supp
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