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.
You May Also Like
Editor's Pick
Clark Packard In anticipation of the Thanksgiving holiday this week, the Cato Institute published a new essay from Philip G. Hoxie entitled “Globalization Helps...
Tech News
Illustration by Cath Virginia / The Verge | Photos by Getty Images Microsoft says it isn’t using customer data from its Microsoft 365 apps...
Tech News
The keyboard features eight RGB lighting modes that shine through the translucent keycaps. | Image: 8BitDo 8BitDo has announced a new version of its...
Editor's Pick
Chelsea Follett This Thanksgiving comes in the wake of an emotional election that left some celebrating and others mourning. In such a charged political...