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That's not how economics works. We had a 'credit crunch' because billions of dollars in market value was disappearing, sometimes overnight, devaluing securities
by debacle 14y ago
That's not how economics works. We had a 'credit crunch' because billions of dollars in market value was disappearing, sometimes overnight, devaluing securities. A new currency that no one wants to hold for longer than they have to isn't going to change that.