FASCINATING interview, Vlad! Particularly interesting that Dr Werner seems to be fine with the Austrian Rx of sound money 4 the BASE Layer, & that doesn't preclude a more 'elastic' money on a layer above. But as he says, the 'elastic one must only be for 'productive' purposes.

https://fountain.fm/episode/ifyM5bhLDaYMANRETgmK

nostr:nevent1qvzqqqpxquqzqstn0vutnhfmkwsug0f8uumzxrlm6wz3rr7mvdqcdl8h9zn4tcwzqhrsz4