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Home » Posts filed under sticky prices
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Tampilkan postingan dengan label sticky prices. Tampilkan semua postingan

Was coin debasement always bad?

| coins, Gresham's Law, inflation, seigniorage, sticky prices, unit of account

Dante's 8th level of hell, which housed counterfeiters, among others. Illustration by Doré In this post I'll argue that debasement w...
Label: coins, Gresham's Law, inflation, seigniorage, sticky prices, unit of account
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