**UPCOMING RP EVENTS:** Macro 'n Chill - May 13th, "Isolation" :statue_of_liberty: Come hang out with us!


**UPCOMING RP EVENTS:** Macro 'n Chill - May 13th, "Isolation" :statue_of_liberty: Come hang out with us!


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Day: July 16, 2022

MMP Blog #9: What If the Population Refuses to Accept the Domestic Currency?

MMP Blog #9: What If the Population Refuses to Accept the Domestic Currency?

October 20, 2024July 16, 2022 by L. Randall Wray

The best kind of payment is an obligatory one—one that must be made to stay out of prison, or to avoid death by thirst. An obligatory payment that must be made in the sovereign’s own currency will guarantee a demand for that currency.

Categories Modern Money Primer, New Economic Perspectives

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