Subnostr

FWIW I went deep on central banking, monetary operations and modern monetary theory a few years back. I read most of the works by George Selgin and Larry White, plus recently, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ‘s most excellent book ‘Broken Money’.

I am using ChatGPT to refresh my learnings and sharing the good stuff.

Reply to this note

Please Login to reply.

Discussion

Hazey 1y ago

You can build infinite layers of leverage and derivatives when your models are based on the (false) assumption of infinite liquidity, so in the long run, none of that high flying finance actually works with *real* money.