= 27d567bc2d48d9f40e9ccc20ea370b15)
sixes_and_sevens comments on Less Wrong used to like Bitcoin before it was cool. Time for a revisit? - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (67)
Sorry...you might want to see my edit, which I started before reading this response, and which basically (although less concisely) repeats your explanation about marginal utility of money rising for each agent.
I have totally confused the issue, and you are quite right.
That makes more sense to me. Have you heard of Monetary Disequilibrium theory? It's the most reductionist approach to monetary economics, and what I was describing more or less.
Not by name, but it seems highly compatible with many other accounts of macroeconomic fluctuation.
As you may have gathered, macro is not my strongest suit. I mostly hopped on board an econ syllabus for other reasons, and now find myself with a whole bunch of useful and explanatory macroeconomic concepts that most other people have never heard of.