Fiat Money And Chartalism: Why MMT Is Wrong

By Ryan McMaken And Joshua Mawhorter of The Mises Institute

Austrian Economics • Jun 12, 2025 at 6:01 PM EDT

We discuss how the fiat-money theories of Modern Monetary Theory and chartalism aren’t supported by the historical facts.

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Joshua Mawhorter joins us to talk about how the fiat-money theories of Modern Monetary Theory and chartalism aren’t supported by the historical facts.

Video Length: 00:48:11

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