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by abakker
1486 days ago
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LOL. “Transaction tax” and “devaluing their asset to pay insurers”. Both things that are handled by Base rate inflation. The missing part of this analysis is that it is very hard to peg a deflating asset. The other problem is that from a monetary policy POV, you can’t defend it in a deflationary system without capital inflow because the whole system is denominated in a different currency which is inflating. |
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