Tag Archive for: purchasing

The Anti-Concepts of Money: Stagflation

Anti-Concept Stagflation

If you’ve read the Inflation essay from this Anti-Concepts of Money Series we can now discuss the Anti-Concept of Stagflation. The Anti-Concept of Stagflation  Stagflation. This is a curious term. Wikipedia’s definition has the tell-tale signs of an anti-concept:  “In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the […]

The Anti-Concepts of Money: What is GDP?

What is GDP?

If you’ve read the Introduction from this Anti-Concepts of Money series we can now discuss the Anti-Concept: GDP The Anti-Concept of GDP Let’s discuss thet anti-concept, Gross Domestic Product or GDP for short. Armed with an understanding of anti-concepts, it should be obvious from one of the ways it’s calculated. From Wikipedia:  Y = C […]

The Anti-Concepts of Money: Store of Value

Anti-Concept Store of Value

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, […]

The Anti-Concepts of Money: Inflation

Anti-Concept Inflation

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 […]

The Anti-Concepts of Money: Purchasing Power

Anti-Concept Purchasing Power

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 […]

The Anti-Concepts of Money: Risk-Free

Anti-Concept Risk-Free

If you’ve read the What Is Money? essay from this Anti-Concepts of Money Series we can now discuss the Anti-Concept “Risk-Free”. The Anti-Concept of Risk-Free Recall, that the anti-concept money is supposed to mean anything used as medium of exchange. But in reality, money is what you hold, when you do not wish to take […]

The Anti-Concepts of Money: Wealth Effect

Anti-Concept The Wealth Effect

If you’ve read the Purchasing Power and Inflation essays from this Anti-Concepts of Money Series we can now discuss the Anti-Concept of The Wealth Effect. The Anti-Concept of The Wealth Effect Here is the definition of wealth effect from Wikipedia:  “The wealth effect is the change in spending that accompanies a change in perceived wealth.”  […]