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Whether or not in a single day interest rates go up or down 1 / 4 of a proportion point stands out as the topic with the greatest ratio of speak to motion, and of commentary to actual impact, in all of economics. On condition that these new forms of digital cost are doing rather more “work” as media of trade, it in all probability is sensible to assume that they have captured at the very least some of the substitution out of cash.
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