Modern Money Mechanics

Neither paper currency nor deposits have value as commodities, intrinsically; a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries. Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

Rethinking Economics Australia

2018-10-21T02:25:44+10:30

Neither paper currency nor deposits have value as commodities, intrinsically; a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries. Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

https://rethinkeconomics.org.au/testimonials/modern-money-mechanics/