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In a neoclassical economic model with the assumption of permanent equilibrium constraints, there is no such thing as an unstable money system. So neoclassical e
by imtringued 3y ago
In a neoclassical economic model with the assumption of permanent equilibrium constraints, there is no such thing as an unstable money system. So neoclassical economists deny that it would ever matter whether the money system is stable or not. In fact, anyone studying money is considered a crank akin to someone studying flat earth theory, which is unfortunate, because it means we every day people have to live with that instability.