Abstract
In previous sections we have examined in detail the three balances approach developed largely by Wynne Godley. In some sense all of that is preliminary to examining the nature of modern money. Further, a key distinguishing characteristic of MMT is its view on how government really spends. Beginning with this chapter we will develop our theory of sovereign currency.
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© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
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Wray, L.R. (2024). Spending by Issuer of Domestic Currency. In: Modern Money Theory. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-47884-0_2
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DOI: https://doi.org/10.1007/978-3-031-47884-0_2
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Publisher Name: Palgrave Macmillan, Cham
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Online ISBN: 978-3-031-47884-0
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