Yea buddy (at Fenway Park)
Imagine if the country was linked by a network of 220-mile-per-hour trains.
Want now. But, as they note, “Given the difficulties in building just a tiny part of this system (the chunk of the Yellow Line from L.A. to San Francisco), we’re so amazingly far away from this happening.”
Q: I’m not clear on how electronic money could eliminate inflation. Would you explain this to me? Thanks!
A: Electronic money eliminates the zero lower bound on the nominal interest rate. The reason central banks (Fed, ECB, …) have chosen 2% as their long run inflation target instead of zero…