Cash is trash

posted by
August 9, 2011
Daily Speculations
by Sushil Kedia  
Posted in Commentary

"A Currency Note is akin to a Time Insensitive Zero Coupon Bond with zero regard to the idea of Inflation. Whether you present it now or a year later the Promissory Note that a Currency Note is will provide you with goods or whatever you have agreed to obtain against it at the face value that day." (08/08/11)  

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