ROCHON, LOUIS-PHILIPPE; VERNENGO, MATIAS; ROCHON, … - In: Journal of Post Keynesian Economics 26 (2003) 1, pp. 57-67
Recent emphasis on chartalism is an important extension of the monetary theory within Post Keynesian analysis. However, chartalism as the main interpretation for the existence of money has some limitations. Sovereignty, understood as the power to tax and to collect in the token of choice, is not...