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When institutions strain, behaviour adjusts. By Elias Sanchez Despite rising public debt, intensifying fiscal extraction, recurrent economic shocks, and heightened trade and policy uncertainty,…
When institutions strain, behaviour adjusts. By Elias Sanchez Despite rising public debt, intensifying fiscal extraction, recurrent economic shocks, and heightened trade and policy uncertainty,…
What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an…
