L. Randall Wray's 1998 book, which built on Warren Mosler's practitioner writing and the older chartalist tradition to argue that a government issuing its own free-floating currency faces no purely financial constraint on spending in that currency, only a real-resource and inflation constraint.
Facts
Source Typeprimary-text
Sources
Understanding Modern Money: The Key to Full Employment and Price Stability
Claims Backed By This Source (14 claims)
This source backs 14 claims across the atlas. As facts: 9 well-attested, 1 scholarly debate. As cited relationships: 1 connected. Plus 3 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Articles, 7 claims: 4 well-attested, 1 connected, 2 general references.
- Schools of Thought, 5 claims: 3 well-attested, 1 scholarly debate, 1 general references.
- Sources, 2 claims: 2 well-attested.
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