Tag Archive for: quantity theory of money

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: Velocity

Anti-Concept Velocity

If you’ve read the What is Money? essay from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Velocity. That pseudo-equation MV=PQ described in the What is Money? essay leads us to the anti-concept velocity.   The Anti-Concept of Velocity Even in the gold standard, money supply is not a physical object that […]

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: What Is Money?

The Anti-Concept of Money Series

If you’ve read the Introduction to this Anti-Concepts of Money Series then we are ready to address money. The Anti-Concept of Money Merriam-Webster says money is:  “something generally accepted as a medium of exchange, a measure of value, or a means of payment.”  Wikipedia says:  “Money is any item or verifiable record that is generally accepted […]

The Anti-Concepts of Money: Introduction

The Anti-Concept of Money Conclusion

This essay is more philosophical than my typical writing. The reason is that I need to say something very important, that flies against everyone’s deeply held beliefs about money. And to get to the root of the issue, I must check and challenge the very concepts with which people think about the subject, in order […]

The Equation the Fed Doesn’t Want to Know

The Equation the Fed Doesn't Want to Know

“The return on capital must be greater than the interest rate.” Watch CEO Keith Weiner debunk the quantity theory of money and greedflation, and explain why his equation proves that the Fed is fighting against the laws of economics. Connect with Keith Weiner and Monetary Metals on Twitter: @RealKeithWeiner @Monetary_Metals Additional Resources Keith Weiner’s Equation […]