If you’ve read the previous essays on Purchasing Power, Inflation, and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept: Store of Value The Anti-Concept of a Store of Value Another anti-concept is store of value. The very term evokes a picture of a container. You pour water into the container, […]
If you’ve read the previous essays on Purchasing Power, Velocity, and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Inflation The Anti-Concept of Inflation The Anti-Concept of Purchasing Power leads us to the Anti-Concept of Inflation. That pseudo-equation already smuggles that any increase in the quantity of money causes […]
If you’ve read the previous essays on Velocity and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Purchasing Power. The Anti-Concept of Purchasing Power Let’s look at another anti-concept, purchasing power. Wikipedia defines it as: “the amount of goods and services that can be purchased with a unit of […]
