= 27d567bc2d48d9f40e9ccc20ea370b15)
William_Quixote comments on The Mystery At The Heart of Central Banking - Less Wrong Discussion
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 (56)
Your research was not comprehensive. Check transaction costs. Economics of trade. Fixed v floating rate regimes. Optimal currency areas. Monetary policy and problems of insufficient demand. Relative financial stability of gov borrowing in own vs other currencies and cliff effects.
Um, what does any of that have to do with anything? Where's the market failure that justifies central banking the way economists can offer for any other intervention they support?