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
Mark Puddleglum
npub1pj…8pud7
2024-10-21 13:01:01
Author Public Key
npub1pjekqyhcqvdgcfxykgk8kcdw68c2dumrndtlqdr8atnqgjuz83qs98pud7Seen on
wss://relay.nostr.bandPublished at
2024-10-21 13:01:01Event JSON
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"content": "Enjoy the revolution fellow #bitcoiners!\nThis side of the war on the tyranny is having more fun! 😜\n\n#bitcoinfixesthis #peacefulrevolution #bitcoinrevolution #centralbanks\n\n\"Abstract:\nIn 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.\"\n\nhttps://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits",
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