The cash only economy where economics works
Debunking Economics - the podcast
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Exploring Cointopia: Gold Coins and Economic Theories
This chapter examines a fictional economic model on an isolated island, Cointopia, where gold coins serve as the sole currency. The discussion critiques traditional economic theories, particularly those of Milton Friedman, while addressing the complexities of money circulation, inflation, and limited growth. It questions the validity of neoclassical assumptions, highlighting real-world limitations and the implications of monetary policy in a constrained environment.
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