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"As detailed in Saifedean Ammous’s “The Fiat Standard,” in November 1914 the British government “issued the first war bond, aiming to raise 350 million...
"The title of this book may evoke the kind of question that i hear once in a while: "Why do you use the word...
"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
