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by tzumby
1547 days ago
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The author brings up a very good point about controlling the monetary policy which made me think about the impossible trinity. I have a very basic macro Econ 101 understanding of this, but it seems to me like the dials the central bank used to tweak things like inflation and unemployment are delayed and not precise at all. I think innovations in public ledgers along with things like automatic market makers can tighten the feedback loops so that hopefully one day we have such a high degree of integration that interest rates and inflation balancing can be tweaked in real time |
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