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Today on Guns and Butter: Stephanie Kelton and Michael Hudson from their introductory remarks at the first Italian grassroots economic summit on Modern Money Theory in Rimini, Italy, February 2012. Today’s show: There IS An Alternative To European Austerity: Modern Money Theory (MMT). “Stephanie Kelton is an Associate Professor of Economics ...
Demurrage has a number of economic, social, and psychological effects that are highly relevant to our discussion. Conceptually, demurrage works by freeing material goods, which are subject to natural cyclic processes of renewal and decay, from their linkage with a money that only grows, exponentially, over time.
