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The Dice Are Always Loaded
Our money is evolving as debt; it represents debt, and at this late date, debt with interest. It has been evolving as debt for 5000 years, and David Graeber explained this evolution in detail. But evolution does not confer correctness on a definition. Indeed, evolution is a process of trial and error, and the errors…
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The Role of MMT in Mahinism
MMT clearly asserts that money represents debt. Mahinism asks, “What is finally owed?” and drags in the Laws of Thermodynamics. The “debt” of MMT is embedded in Mahinism as the measure of the money in circulation.




