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user-inactivated  ·  4354 days ago  ·  link  ·    ·  parent  ·  post: The two constants, or, why money has value

unfortunately I don't.

rereading Graeber, I also realize that he never explicitly said "the first state coinage", so now I am uncomfortable with claiming such. he was speaking generally about Chartalist theories of states' early efforts to create markets and presenting a hypothetical situation in which it would be beneficial to do so.