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Isherwood  ·  14 days ago  ·  link  ·    ·  parent  ·  post: "Today's NYT is brought to you by the letter 'secular stagnation'"

Very interesting stuff. Tangentially related - I've always wondered how a currency with a half life would work, where the longer you sit on it the less it's worth. Would that be enough to keep currency in circulation, or would it just create an industry of individuals who just launder old money for new?