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So the diagnosis is a problem with external risk free rate of return (caused by inflationary monetary policy) and improper risk premium valuations on the token
by craigkilgo 9y ago
So the diagnosis is a problem with external risk free rate of return (caused by inflationary monetary policy) and improper risk premium valuations on the token itself, and the cure is an inflationary monetary policy for the token also?
Feels like the exact kind of logic that led to the aversion to the way current central banks operate mentioned by the author early in the piece.