What people are saying - Write a review
We haven't found any reviews in the usual places.
THE QUANTITY THEORY OF MONEY
VELOCITY AND THE QUANTITY EQUATION
Other editions - View all
acceleration principle actual inflation AM/M AP/P baker barter butcher candle candlestick maker Chapter coins commodity money constant CPIU deflation demand for money demand for real dollar economists economy effect equal equilibrium excess demand excess supply expected inflation rate fall Federal Reserve fiat money Figure fractional reserve banking higher hyperinflation increase indirect exchange inflation rate inflationary expectations inflationary finance Initial endowment Johnny Hart loan medium of indirect Milton Friedman monetarist monetary commodity monetary expansion rate monetary Laffer curve nominal cash balances nominal interest rate nominal money supply old crowns payment price controls price index price level prices rise Problem purchasing power QlPl quantity equation Quantity Theory rate of return real cash balances real income real interest rate real rate real terms revenue runaway inflation seigniorage self-generating inflation short-run Phillips curve silver steak store of value supply of money tax rate transactions velocity wage Walras