The Anti-Concepts of Money The cash-value of promoting each of these anti-concepts is that they lead people to think that the central bank should impose a monetary policy. To make our lives better. Our monetary policy is set by the Federal Reserve, which states that in pursuit of its mandate for price stability, it will engineer […]
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 […]
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 […]
