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Mises Institute
Mises Institute
9 Feb 2025

A Praxeological Critique of the Equation of Exchange and Neutrality of Money

https://am1.news/usconservative/topic/fq/6-slug-a-praxeological-critique-of-the-equation-of-exchange-and-neutrality-of-money-0
NextImg:A Praxeological Critique of the Equation of Exchange and Neutrality of Money

No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,

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