Posted: November 2nd, 2015
Explain how value can be created simply by exchange even when nothing new is
produced? [This is true for a monetary and for a barter economy].
Explain how competitive privately issued currencies would work automatically to
provide consumers with protection against inflation?
Would interest exist in a pure exchange economy where no production occurred?
Briefly contrast the static and dynamic views of monopoly and the policies
appropriate for each.
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