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Keith Wells's avatar

A fatal human flaw that I don’t think will ever end and that is the othering and war and jamming religion down your throat

Tedder130's avatar

Without evidence, I am supposing that while the new 'nation states' were politically sound, their economics maintained medieval practices and views. Some time after Westphalia, states began issuing fiat money and abandoning metallic money. This must have created a new paradigm for economies, much easier and more efficient for transactions and investments (and for war). Nevertheless, we moderns still have not fully abandoned medieval monetary theories. So that mmt contends with MMT.

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