(Since the question of the relationship between law and the state just is the problem of sovereignty, we can therefore observe that the problem of sovereignty is manifested sociologically in the division between two different groups of scholars within the revival of chartalism itself.) We can characterize the difference between these intellectual lineages as hinging on whether they emphasize “law” or “the state” as the basis of money. This tension is manifested in the current divide between two distinct groups of scholars: the card-carrying MMTers, on the one hand, who emphasize the tradition of Knapp, and researchers affiliated with the “Law and Political Economy” or LPE project on the other, who are aligned more with Innes. As an entry into current debates about money, Eich’s book sits on one side of a subterranean fault line within the revival of chartalism - a fault line that has been identified by Colón and Mann of Strange Matters as a tension between the intellectual lineages of Georg Knapp and Alfred Mitchell Innes. You will be warned and then banned for repeat offenses.There’s a hot new book about money, recently out on Princeton University Press: Stefan Eich’s The Currency of Politics. No racism, sexism, or other "-isms" that would make you look unprofessional.
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