| http://www.w3.org/ns/prov#value | - But would not that happen only in an economy with zero risk appetite and a central bank that accepts all forms of collateral - a weird Friedman-Bagehot mongrel central bank(incidentally a reasonably accurate descriptor of the pre crisis Greenspan-Bernanke Fed!) Friedman rule only makes the price of liquidity zero, not the price of default or the price of the term structure.
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