Chartalism
Not to be confused with Chartism.
Chartalism is a theory in macroeconomics that views money as a pure creation of the state, introduced to control and organize economic activity rather than arising from barter or debt. It holds that fiat currency has value because governments impose taxes that must be paid in the currency they issue, creating demand for it.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.