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cryptohamster
npub1ruku...f8pp
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cryptohamster 2 years ago
The Finance Franchise is a brilliant paper on how modern finance and money creation actually functions. "From this perspective, the financial system operates essentially as a franchise arrangement in which the public is the franchisor, while the private institutions that dispense its full faith and credit are effectively its franchisees." https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2820176
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