Chartalism differs from MMT in the application of shared debt among the citizens for the original…
Keith Evans

Chartalism is often described as the state theory of money. It explores the relationship between money and an accounting system, a governance system, and a legal system. MMT applies chartalist principles to make specific assertions about modern financial, political, and legal systems.

From what I can tell, your scenario is an example of chartalism, but it also applies to a wide variety of societies.

MMT, on the other hand, is focused on a specific historical context, it analyzes “modern” money exclusively.

You make some good points that help to clarify these issues.

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