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100% Correct. Money is still really important, but it’s dishonest and counterfactual to argue that mere access to liquidity can determine the clearing price fo
by numbsafari 7y ago
100% Correct.
Money is still really important, but it’s dishonest and counterfactual to argue that mere access to liquidity can determine the clearing price for a market.
We know it doesn’t. That’s why we have the Fed.