The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture.
Wray, “Modern Money Theory for Beginners”: https://
Mises.org/HAP496a
The NBER Paper on Colonial Virginia’s Money Regime: https://Mises.org/HAP496b
NPR Planet Money, “A Giant Stone Coin At The Bottom Of The Sea”: https://Mises.org/HAP496c
Milton Friedman, “The Island Of Stone Money”: https://Mises.org/HAP496d
Bob’s Article, “MMT and Treasury Debt Payoff”: https://Mises.org/HAP496e
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