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42 sats \ 1 reply \ @CliffBadger 19h \ parent \ on: MONEY CLASS OF THE DAY: Money Illusion and Unit Bias, Bitcoiner style econ
They continue to use the same type of money, but they do assign a lower and lower value to the currency. So in a sense they do stop accepting it as a valid form of money, because they're not willing to trade it except by multiplying the volume by extremes.
No, they continue to trade it but faster and faster — hot potato style. Velocity up, etc, cuz on the margin it's more costly for you to hold cash
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