John Nash Jr. (2011) - Ideal Money and the Motivation of Savings and Thrift

John Nash Jr. (2011)

Ideal Money and the Motivation of Savings and Thrift

John Nash Jr. (2011)

Ideal Money and the Motivation of Savings and Thrift

Abstract

There are many things that can be said about the advantages, for a national state or for a "currency area", of there being a money (or "currency") in use there which is of higher quality (that is, being less subject to currency inflation or ideally exempt from this form of inflation (which derives, ultimately, from sovereign default).
But at this time and occasion we wish to focus on the economic processes of "savings", to the extent that these occur and to study how these are influenced by the apparent "quality" of the money established by a national government (or by a confederation in some cases).
There are also related issues of justice, applicable to contracts that deal with delayed payments and receipts.
Connected also with these considerations are considerations of what monetary and financial circumstances might favor the existence of large numbers of profitably employed financial workers (these perhaps including some mathematical "quants") in localized centers like London or Zuerich.

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