A Praxeological Critique of the Equation of Exchange and Neutrality of Money

from Audio Mises Wire · host Mises Institute

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. Original article: A Praxeological Critique of the Equation of Exchange and Neutrality of Money

Episode metadata supplied by the publisher feed · Published Feb 8, 2025

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