Classical Economics in a Quantum World
The monetary reference point is where debtors and creditors are in balance. There is no inflation or deflation and neither creditors or debtors benefit at the expense of the other. There is no risk penalty added to terms of trade…
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Understanding Gold 2 Gold gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching…
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Understanding Gold 1 There is an interesting paradox to gold. Virtually everyone on the planet inherently understands gold and recognizes its monetary value. There is nowhere on the planet where this is not true. From the deepest jungles, remote areas…
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