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Here we go with the "myth!" again... but interesting from Clint Ballinger none the less: It is logically not possible, before the tax-credit became a viable base-unit for currencies, to have a credit-system of monetary exchange without first having a unit-of-account to measure that credit in... This "unit" is a typical abstraction (is non-real) created by Science trained people all the time... in order to work with the real...Non science people (B.A. people) would probably not fully understand this... then they claim a contrary view is "myth!" or something... Just to be clear to anyone wondering why I start 1000 Castaways w a very quick barter story (besides fact I am trying to get general population to "get" MMT). @davidgraeber is simply not correct, overly cited as expert
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Here we go with the "myth!" again... but interesting from Clint Ballinger none the less: It is logically not possible, before the tax-credit became a viable base-unit for currencies, to have a credit-system of monetary exchange without first having a unit-of-account to measure that credit in... This "unit" is a typical abstraction (is non-real) created by Science trained people all the time... in order to work with the real...Non science people (B.A. people) would probably not fully understand this... then they claim a contrary view is "myth!" or something... Just to be clear to anyone wondering why I start 1000 Castaways w a very quick barter story (besides fact I am trying to get general population to "get" MMT). @davidgraeber is simply not correct, overly cited as expert
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Here we go with the "myth!" again... but interesting from Clint Ballinger none the less:
It is logically not possible, before the tax-credit became a viable base-unit for currencies, to have a credit-system of monetary exchange without first having a unit-of-account to measure that credit in...
This "unit" is a typical abstraction (is non-real) created by Science trained people all the time... in order to work with the real...
Non science people (B.A. people) would probably not fully understand this... then they claim a contrary view is "myth!" or something...
Just to be clear to anyone wondering why I start 1000 Castaways w a very quick barter story (besides fact I am trying to get general population to "get" MMT). @davidgraeber is simply not correct, overly cited as expert https://t.co/Y0DlbVGz4d— Clint Ballinger (@clintballinger) January 10, 2020