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13 sats \ 1 reply \ @Undisciplined 25 Jan \ parent \ on: Where does Eugene Fama think currency gets its value from? econ
Yeah, I'm also talking about the more conventional type of equilibrium condition, rather than the Evenly Rotating Economy concept that Austrians prefer, and which has no money.
that's very close to the Black/Fama-type idea in new monetary econ, I believe.
(though from very different theoretical approaches)
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