Brunswick on Nostr: Gresham's law is a law of the buyer in a transaction. The reverse of that applies to ...
Gresham's law is a law of the buyer in a transaction. The reverse of that applies to the seller. As long as there are two competing media of exchange operating in parallel, the unit of account will move to whichever medium is more predictable. When bitcoin becomes the unit of account, fiat is superfluous
Published at
2024-09-23 13:56:15Event JSON
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