Cryptocurrency and Fiat Money

Stephanie Kelton
YouTube, 2017
Level: beginner
Perspective: Post-Keynesian Economics
Topic: money & debt
Format: Interview
Duration: 00:04:51
Link: https://www.youtube.com/watch?v=84wTEf9Acik

Based on Modern Money Theory (MMT), Stephanie Kelton compares the cryptocurrency to the fiat money system (or simply what we have today). She argues that the fiat money is backed by the government ability to make us believe the currency, whereas cryptocurrency does not, so its belief is voluntary. In that sense, a national currency would have a backup that would secure the currency value. The cryptocurrency, on the other side, can have its value going to zero.


Nous soutenir

Ce projet le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester !