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OK, good, not only we read NK Macro differently, we also read historical record differently. Governments never tried to finance their operations through seigniorage, losing control of the currency and requiring ever increasing inflation rates to support their revenue streams in the end.

Fine, but I think I'm stopping here - marginal product of this discussion became zero for me.  

by Sargon on Sun Jun 19th, 2011 at 01:59:33 PM EST
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