"The Yield from Money Held" Reconsidered | Hans-Hermann Hoppe
- Article
- May 4, 2009
- #CapitalMarkets
If a person then adds to his cash balance, he does so because he is confronted with a situation of (subjectively perceived) increased uncertainty.
If a person then adds to his cash balance, he does so because he is confronted with a situation of (subjectively perceived) increased uncertainty.