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Schumpeter rejects product concept and you may county theory at the same time. Schumpeter believes money is an excellent token otherwise citation, however, refuses the concept your county creates it. Schumpeter rejects the official theory and expands a keen incisive complaints of Knapp. I think Schumpeter’s complaints poses an enormous problem to MMT, and this he offers a powerful critique to Ingham. Schumpeter was seeking to make a move one to wasn’t compatible with possibly.

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