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fiat
regression theorem
The Euro and the regression theorem
It seems to me that the imposition of the Euro - which was established as a purely fiat money - puts the regression theory in perspective and possibly refutes it. If «nothing can enter into the function of a medium of exchange which was not already previously an economic good to which people assigned...
Posted to
Economics Questions
(Forum)
by
Stateless
on Tue, Nov 17 2009
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