# Mathew Forstater & Geoffrey Ingham: Tax-Driven Money and Credit Theory of Money

Page: https://stenobird.com/podcast/deep-dive-7032266/mathew-forstater-geoffrey-ingham-tax-driven-money-and-credit-theory-of-money
Text version: https://stenobird.com/podcast/deep-dive-7032266/mathew-forstater-geoffrey-ingham-tax-driven-money-and-credit-theory-of-money.md
Podcast: [Deep Dive](https://stenobird.com/podcast/deep-dive-7032266)
Published: 2025-02-24T14:15:30+00:00
Episode link: https://tschaff.podbean.com/e/mathew-forstater-geoffrey-ingham-tax-driven-money-and-credit-theory-of-money/
Audio file: https://kertob.americanplus.us/podcast/audio/Ingham_Fortstater8mtbm.m4a
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JSON: https://stenobird.com/v1/public/podcasts/deep-dive-7032266/episodes/mathew-forstater-geoffrey-ingham-tax-driven-money-and-credit-theory-of-money
Duration seconds: 605

## Resource

Notebook LM generated. The Credit Theory posits that money's essence is not as a physical commodity, but as a social relation representing debt/credit. All participants in a monetary system engage in these relations, settled by transferring abstract value. The Tax Driven Money approach, a specific form of credit theory, argues that the government's power to levy taxes and demand payment in a specific unit of account drives the value and general acceptability of money.

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## Transcript

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