Nathan writes (responding to me): (quoting an earlier post): ". what I'm
saying as an empirical matter i see very little evidence of widespread
understanding of the monetary system among elites."

Well, it's difficult, and often impossible, to prove a negative, which is
what you seem to be doing.

But, accepting your statement: Why are you bothering to make it? If it is an
empirical point it has no meaning in itself until someone interprets it.

Carrol


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