Money Capital: New Monetary Principles for a More Prosperous Society by Patrick Bolton, Haizhou Huang

Money Capital: New Monetary Principles for a More Prosperous Society

Patrick Bolton, Haizhou Huang

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In the financial world, companies issue new shares only if it results in some kind of value creation; this is a basic principle of corporate finance that Bolton and Huang argue can be applied to monetary economics. When the government increases th...

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