I was unfamiliar with Nash’s theory of ideal money until I looked it up on Wikipedia in response to your comments on LW. It’s possible I heard about it before but forgot it since I don’t study macroeconomics or monetary policy. Based on this reading, I don’t understand why ideal money is important to the art of rationality.
I was unfamiliar with Nash’s theory of ideal money until I looked it up on Wikipedia in response to your comments on LW. It’s possible I heard about it before but forgot it since I don’t study macroeconomics or monetary policy. Based on this reading, I don’t understand why ideal money is important to the art of rationality.