“The thing that hath been is that which shall be; and that which hath been done is that which shall be done; and there is no new… Read more “There’s Nothing New Under the Sun”
Tag: Milton Friedman
(MV=PQ) ≠ QTM
As I noted in an earlier post, I had a conversation with John Aziz regarding the quantity equation. Here is John’s question from Twitter: Why did Milton… Read more “(MV=PQ) ≠ QTM”
Conversation with John Aziz on Quantity Theory vs Quantity Equation
John Aziz, of Azizonomics, and I had a conversation this morning on this topic. Aziz’s question was: Why did Milton Friedman say inflation was always a monetary… Read more “Conversation with John Aziz on Quantity Theory vs Quantity Equation”