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Because supply alone is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.
by arcticbull 5y ago
Because supply alone is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.
- MadSudaca 5y agoI think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.
- arcticbull 5y agoNow do Japan.