貨か幣へい国こく定てい説せつ

noun

chartalism

Economic theory that money derives its value from state authority rather than intrinsic worth or commodity backing.

• 貨か幣へい国こく定てい説せつは、貨か幣へいの価か値ちが国こっ家かの権けん威いに由ゆ来らいすると考かんがえる。

  Chartalism holds that the value of money originates from state authority.