No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.
Breaking
- The Top is Confirmed and Now It’s Just a Matter of How Low We Go
- ‘If they close, they close’: Education Secretary brushes off private schools’ fate while praising Trump’s war plan
- The Human Trend
- The United States Needs a Spending Chainsaw
- Why the Bureaucracy Keeps Getting Bigger
- Just War and Lost Cause Mythology
- Revisiting James Burnham
- A Reader Describes the Realities of Work as a Defense Contractor
