"Richard Cantillon formulated a theory now known as the Cantillon Effect. The theory is valid when applied to monopoly monies, but has no relevance to market money – a fact that seems to have escape...
The deferred asset, yellen twist and yga are seigniorage and money production since the dollar is based on debt not inherent value.
There is no real “money production” in fiat for the digital age. It is mostly digital sophistry, just like this article.
There is no real “money production” in fiat for the digital age. It is mostly digital sophistry, just like this article.
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