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- W1799647955 abstract "The paper formalizes a conflict in the use of credit. As compared to using costless fiat, the consumer's use of credit wastes resources by avoiding the inflation tax through a costly means of exchange. This inefficiency gives lattitude for a planner to increase welfare by restricting exchange credit." @default.
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- W1799647955 date "1996-01-01" @default.
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- W1799647955 title "Optimality of exchange credit restrictions" @default.
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