You are adding a needless crease using this facts, because the helicoptered lifeless cows are, of the meaning, marginal wide range And there’s always a demand to own marginal wealth. Therefore the brand new cow/drachma analogy does not work: There isn’t any such as for example question as the a totally “inactive drachma,” while the milk inside facts = safe discounts, and also for the drachma to own any MOE put it to use must features *some* secure deals ability. That’s why I asked one think of the authorities effectively proclaiming that existing shares of stock manage heretofore be used as an more MOE (but not MOA). Or you are conflating the difficulties. Helicoptered drachma no limited MOE consult my work anyhow once the fiscal stimulus, but that is distinct from stating you are recovering an excessive amount of consult on MOE.
Somebody normally change apples individually having haircuts, nonetheless they dont merely negotiate rates truly, they should merely look up the latest gold-cost of haircuts while the gold-price of apples and gives such percentages
Do you at the least agree that imaginable a scene where cow regulators effortlessly turns (jawbones) every existing offers out-of stock on an extra MOE (however, costs are nonetheless quoted within the cattle and you will cow/inventory costs are versatile of course), everyone is completely satiated within the exchangeability, however, a spike during the milk request factors an extremely familiar recession (much more manufacturers than simply customers, as the, without a doubt, gluey prices are too much in line with the price of cattle — maybe not because of deficiencies in MOE)?