Interesting. But he doesn't deal adequately with the challenge posed by the deflationary characteristics of the currency. The glib response of traders reducing prices is hardly a solution. Interest (and inflation) are central movers to investment and general circulation.
Interesting. But he doesn't deal adequately with the challenge posed by the deflationary characteristics of the currency. The glib response of traders reducing prices is hardly a solution. Interest (and inflation) are central movers to investment and general circulation.