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A comment on /story/33380336. Parent comment
Why? Because you can discount a CoD into a derivative that also then circulates.
Which is essentially what a bank does - but with a much wider selection of assets.
Eventually you realise that the solution is to embrace Full Liquidity and use a powerful buffer stock offset mechanism to create price stability.
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Why? Because you can discount a CoD into a derivative that also then circulates.
Which is essentially what a bank does - but with a much wider selection of assets.
Eventually you realise that the solution is to embrace Full Liquidity and use a powerful buffer stock offset mechanism to create price stability.