An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, May 14, 2011
John T. Harvey explains inflation
Fellow contributor here, Prof. John T. Harvey, explains inflation at his Forbes blog in terms of MV=Py. By analyzing the meaning of the symbols, he shows how mistakes were made about their implications and also how to correct these mistakes.
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