So, one way to sum this up is to say that, in theory, there is no difference between monetary theory and practice. But in practice, there is. I guess that is true of most theories.
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We're Economists. We know things about stuff.
So, one way to sum this up is to say that, in theory, there is no difference between monetary theory and practice. But in practice, there is. I guess that is true of most theories.
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