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A comment on The World’s Biggest Crypto Firm Is Melting Down. Parent comment
The history of money and banking. Starting with John Law [1], and why private, leveraged money requires a public backstop.
[1] https://en.m.wikipedia.org/wiki/John_Law_(economist)
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The history of money and banking. Starting with John Law [1], and why private, leveraged money requires a public backstop.
[1] https://en.m.wikipedia.org/wiki/John_Law_(economist)