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 "text": "Defining the energy of money as the product of economic momentum and velocity gives a basis for discussing economic frictions and for distinguishing genuine from artificial network energy, which is what guards against hot money instability.",
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  "name": "Wulf A. Kaal",
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 "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701",
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 "abstract": "With clearly specified definitions of energy we can discuss \"frictions\" in an economy due to inefficiencies, and we can distinguish \"genuine\" versus \"artificial\" network energy to guard against the instability arising from hot money",
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