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When do the polynomial algebra and free algebra coincide in brave new algebra?

Given an $\mathbb E_\infty$-ring (highly structured commutative ring spectrum if you want) $R$, we have the free $R$-algebra (on one generation) $R\{t\}\simeq \bigoplus_{n\ge 0} R_{\mathrm h\Sigma_n}$ ...
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