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Comment by vannevar

If Fred and Ginger are an economic system whose total value at time t is $1000 (all of which is in Ginger's bank account), and Ginger loans Fred $500 on the promise that he'll pay her $600 at time t+1, then their agreement is predicated on the assumption that the Fred/Ginger economy will have grown 10% at time t+1.
parent vannevar 11 years ago

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