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  • THE HISTORY OF MONEY AND MONETARY ARRANGEMENTS
    ebook
    THE HISTORY OF MONEY AND MONETARY ARRANGEMENTS
    THOMAS MARMEFELT
    Today, most money is credit money, created by commercial banks. While credit can finance innovation, excessive credit can lead to boom/bust cycles, such as the recent financial crisis. This highlights how the organization of our monetary system is crucial to stability. One way to achieve this is by separating the unit of account from the medium of exchange and in pre-modern Eur...

    $1,180.00

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