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.

Narrated by Millian Quinteros.

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. Narrated by Millian Quinteros.

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

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

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

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