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Paul Krugman has written on them long ago. I think there were things like runs on the bank and people hoarding babysitter hours, stalling out the system, and a
by cma 6y ago
Paul Krugman has written on them long ago. I think there were things like runs on the bank and people hoarding babysitter hours, stalling out the system, and all kinds of emergent problems.
- maxwell 6y agoInteresting, I ducked around a bit and couldn't find anything from Krugman on time banking. Like bitcoin, time can't be inflated/deflated.
- cortesoft 6y agoThis is the famous Krugman article: https://slate.com/business/1998/08/baby-sitting-the-economy.html https://slate.com/business/1998/08/baby-sitting-the-economy....
- floatrock 6y ago2014-era Planet Money also covered it: https://www.npr.org/transcripts/291485828 https://www.npr.org/transcripts/291485828
- owenversteeg 6y agoThat is a great simple explanation of the economy, thank you!