Money 101: The Quantity Theory of Money And Why It Is Invalid
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Many subscribe, wrongly so, to the quantity theory of money. We are in an era that is much different from even the day of Milton Friedman.
In this video we discuss how velocity of money was the missing component from his work. He had the luxury of it not being an issue as he was in a stable periond. Today, we are in a much different environment.
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