The role of governments according to the Primordial Debt Theory
The core argument is that any attempt to separate monetary policy from social policy is ultimately wrong.
Primordial-debt theorists insist that these have always been the same thing.
Governments use taxes to create money, and they are able to do so because they have become the guardians of the debt that all citizens have to one another.
This debt is the essence of society itself. It exists long before money and markets, and money and markets themselves are simply ways of chopping pieces of it up.
An idea subsequently debunked in the book: