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Bank notes are not re-issued 1:1 with destroyed notes. >> being hard to measure doesn't mean it doesn't exist No in this context it does. Either you can measu
by CraigJPerry 3y ago
Bank notes are not re-issued 1:1 with destroyed notes.
>> being hard to measure doesn't mean it doesn't exist
No in this context it does. Either you can measure the increase purchasing power or you can’t. And if you can’t measure it, it doesn’t exist in this specific case.
- ttoinou 3y agoMost economics consequences will never be measured ever
- CraigJPerry 3y agoI think we’d be getting into something akin to “homeopathic” monetary theory with that line of reasoning…!
- ttoinou 3y agoDo you only do stuff in life that you think will be able to measure a posteriori ?