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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

It was not long ago that signs for “Help Wanted” seemed to be in every store window. However, they are now being replaced with “Store Closing” signs. This switcheroo tells us volumes about how people in the economy are adjusting to the Fed’s money printing business.

See also, "Profit and Loss" by Ludwig von Mises: https://mises.org/library/book/profit-and-loss

Enter the raffle to win a ticket to the April 26 Mises Institute event in Phoenix at Mises.org/phoenixraffle25. The deadline to enter is April 1. Winners will be announced the week of April 7. To learn more about "Our Enemy, The Bureaucracy," visit Mises.org/phoenix25

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree

Be sure to follow Minor Issues at Mises.org/MinorIssues.

Erick Brimen is the CEO of Honduras Próspera, which is described as a "start up city" that offers choice in regulatory treatment. It is an exciting application of libertarian theory to the messy real world of existing States.

• Find Out More about Honduras Próspera: Mises.org/HAP486a

Join the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money? 

Register for Our Enemy The Bureaucracy now at https://Mises.org/Phoenix25.

Get free copies of What Has Government Done to Our Money? at https://Mises.org/RothPodFREE

The World at War by Ralph Raico: https://Mises.org/RaicoWar

Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard

Radio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off

The media and political outcry that came when President Trump temporarily froze USAID and some domestic funding revealed how the political establishment uses the plight of the most vulnerable people to keep their rigged political system in place.

Be sure to follow the Guns and Butter podcast at Mises.org/GB

Presented in New York, New York, on Sunday, 14 November 1971.

The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.

According to Dr. Joseph Salerno, "NEP stands for 'New Economic Policy' which was the official name of Nixon's August 15 wage-and-price freeze, tariff surcharge, closing of the gold window, etc. Ironically, NEP also was the name of Lenin's 1921 policy that moved back from totally centralized communism to allowing money, prices, and profit in certain areas of the economy."

Presented in New York, New York, on Saturday, 13 November 1971.

The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.

Presented at Columbia University, New York, on Sunday, 14 March 1971.

The "Shaping the Future Libertarian Conference" was sponsored by the Society for Individual Liberty and the New York Libertarian Association, and hosted by the Columbia University Freedom Conspiracy. This lecture was recorded by Dan Karlan on reel-to-reel audio tape, and generously shared with the Mises Institute by Joseph Buchman.

California secession would not change the US into a laissez-faire paradise, but the positive change would be immense.

See also Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken: Mises.org/BreakingAway

Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Gabriel Custodiet speaks with Tom DiLorenzo about his efforts to expose Abraham Lincoln. Pushing against the soft “saint-like” treatment that historians have granted Lincoln, DiLorenzo exposes Lincoln’s totalitarian tendencies, his contribution to the birth of American fiat currency, his war crimes, among other reasons to have disdain for the lauded president. Ultimately DiLorenzo explains how court historians can twist our understanding of history, use this twisting to advance the ends of the status quo, and themselves alter the course of history.

The original episode is available at https://watchmanprivacy.com/podcast