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The New Monetary Economics

The Marginal Revolution Podcast

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Rethinking Monetary Economics

This chapter examines the evolution of monetary economics, focusing on the transition from traditional cash-based systems to a landscape dominated by financial assets. It critiques the historical dismissal of progressive monetary theories and explores the implications of these shifts on central bank policies and the financial ecosystem. The conversation highlights the complexities of liquidity, the role of the Federal Reserve, and the emergence of alternative currencies in today's economy.

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