pull down to refresh
that's very close to the Black/Fama-type idea in new monetary econ, I believe.
(though from very different theoretical approaches)
reply
pull down to refresh
that's very close to the Black/Fama-type idea in new monetary econ, I believe.
(though from very different theoretical approaches)
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.