To illustrate MV = PY. (It was MV=PT then.) In Irving Fisher, "The Equation of Exchange 1896-1910," The American Economic Review Vol. 1, No. two (June, 1911), pp. 296-305, via JSTOR.
Neo-Fisherian CaveatsRaise involvement rates to enhance inflation? Lower involvement rates to lower inflation? It's non that simple. H5N1 correspondent from an …Read More...
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