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Venice’s failed war against Constantinople led to the first bond market

172 points · 59 comments · RickJWagner

mono442 · 1790969976 · focus · HN ↗
Technically bond markets with fiat currencies are unnecessary but for some reason they still exist.
1. mytailorisrich · 1791028248 · focus · HN ↗
  Not economist but my understanding is that printing money is inflationary as it is ultimately a devaluation. On the other hand, borrowing on the market isn't.

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