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RT @Victor_M_Short: Until these reforms are established, monetary authorities have limited capacity to address inflation. They can only alt…
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Until these reforms are established, monetary authorities have limited capacity to address inflation. They can only alter distributions of the consequences of monetary disorder between groups. All citations from Cencini & Rossi (2015). https://t.co/Z
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To this end, a new approach that prioritizes the macroeconomic foundations of identities is required. The Schmitt School and Theory of Money Emissions is the body of work that has gone furthest in providing these new first principles for the science. /Fin