Mark Puddleglum on Nostr: Here's a link to the ECB article with the same tune: ...

Here's a link to the ECB article with the same tune:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

quoting
note1756…0xf2

Enjoy the revolution fellow #bitcoiners!
This side of the war on the tyranny is having more fun! 😜

#bitcoinfixesthis #peacefulrevolution #bitcoinrevolution #centralbanks

"Abstract:
In an economy with incomplete markets and consumers who are sufficiently risk averse, we show that the government can uniquely implement a permanent primary deficit using nominal debt and continuous Markov strategies for primary deficits and payments to debtholders. But this result fails if there are also useless pieces of paper (bitcoin for short) that can be traded."

https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits