Learn yourself some monetary theory from Bill Woolsey. Contrary - TopicsExpress

Learn yourself some monetary theory from Bill Woolsey. Contrary to the beliefs of some consumers of Austrian economics, the equation of exchange is a very useful organizing principle and the concept of the velocity of money is not nonsense. The way Bill sees it is the way I see it as well. Read the whole thing, its not long. And that implies that velocity can differ from what people would like it to be. Does that sound odd and awkward? It does to me. And that is why I usually prefer to think about monetary economics in terms of the quantity of money and the demand to hold it, rather in terms of the equation of exchange. But still, I balk at claims that the equation of exchange is nothing but an identity. Because if it is, so is the notion that prices and real income adjust to bring the quantity of money demanded into equilibrium with the quantity of money supplied. And so is the notion that relative price adjusts to bring quantity supplied into equilibrium with quantity demanded.

Quotes from The Writings of Nichiren Daishonin (1222-1282), the

Despite the protests of a national atheist group, Governor Mike

Forbidden Euphoria Perfume by Calvin Klein, 3.4 oz Eau De Parfum

Multi-touch devices like the iPad have become more and more

Finally, I get to do this (with my new phone.. ;p). I would like

For men of color, the bar for resistance and provocation is often

A magyar hajléktalan-törvény az Aljazeera honlapján: Google

Tis the Season to be Glamorous! Schedule your LadyHairroin

For those that attended the Gold Coast Convention Nicole and I

Dear Facebook Friends - We are pretty confident that youre our

Sunday thought: Your real, new self (which is Christs and also

via В мире — Рамблер-Новости 100 Healthy Raw

“Many of the most successful new content sites –Buzzfeed,

Ah mano, sei lá, preciso desabafar, estou preocupado como o

MY TRIBUTE AND RESPECT TO MY FRIEND HIS EXCELLENCY, U.S.A.

To all my FB friends in London - hope to see you at the demo.

El dato: Yoma presenta un amparo por los cesanteados de la

RESPOSTA A UMA JOVEM ESTUDANTE DE LETRAS Lygia Fagundes

As you know, we are moving our Monday activities to Greenfields

Az indoklás arra is kitér, hogy az illegális árusokkal szemben

While driving back from the deep south yesterday we were suddenly

Was a bit too tired and weary to tackle the Home and Garden show

Darkness is losing. Such a powerful statement. Such a powerful