[lbo-talk] the Grundrisse and credit

[nathan tankus]

it should be noted that Graeber also cited Alfred Mitchell-Innes, a
credit money theorist, in addition to citing Knapp. Nearly all modern
Chartalists follow Minsky in acknowledging private individuals ability
to generate money ("Anyone can create money, the trouble is getting it
accepted"). On money's origins front, based on the literature I've
read it seems pretty indisputable that money first appeared in it's
modern (see institutional as opposed to tribal or communal) form in
the Sumerian temples. Every modern Chartalist I've read acknowledges
the ability of private individuals to create money. Credit and State
theories of money is a rather good collection of chapters on this
point (contact me off-list).

-- 
-Nathan Tankus
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