b*b
2 楼
//nod , befor you say that, JIAY, do you mind defining your free-economy
system?
q*i
3 楼
I am sure that any non-barter economy is inherantly
unstable: a non-barter economy facilitates
transactions via use of "currency" whose value
depends on *aggregate expectation* which in the long
should be rational. However, if the market is
not perfectly efficient, there exist moments
when price of a given asset (as expressed by the
currency) differs from its inherant value - market
participants call them "arbitrage opportunities". Arbs
(professionals who make a living by exploring arbitrage
op
【在 J**Y 的大作中提到】
: 金融投机商对世界经济造成的冲击说明了自由经济体系也不是稳定的.
: 但是自由经济体系波动的频率及幅度要比非自由经济体系小得多.
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