Question options:

For the following, mark T below the statement or image if it corresponds most closely with the traditional (mainstreameoclassical/textbook) story of money, and 'M' if it corresponds to the story told by MMT

Money is inherently tied up with the states power to command societys resources: M or T?

Money was developed to economize on (reduce) transaction costs: M or T?

Money is a credit-debt relationship whose value as money stems from its generally acceptability: M or T?

Government deficits must either crowd out private investment or devalue the currency: M or T?

Money in the US today can be likened to scorekeeping, in that the park never risks running out of points to put up on the scoreboard: M or T?

Following Abba Lerner, the focus of government spending and taxing policy should be the real impact on the economy, not the size of the deficits or debt: M or T?

The role of banks and government in money was initially to store and vouch for the purity of the commodity money: M or T?

M or T?

M or T?