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Old 09-17-2013, 11:11 AM   #10
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Default Re: Nanofabricators, DRM and Forced Scarcity

Originally Posted by Ulzgoroth View Post
I thought the banking system was developed entirely too little for the importance of its role in the book. What was the medium-money/fast-money split supposed to actually constitute?
Fast money is cash and other liquid assets that can be redeemed for face value or nearly so in short order, like mature bonds and home equity. IIRC, medium money is longer-term investments like multi-year bonds and ownership of private companies, but still in-system.
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