No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However ...

The foundation of monetarism is the Quantity Theory of Money. The theory is an accounting identity—that is, it must be true. It says that the money supply multiplied by velocity (the rate at which ...

Unfortunately for Prussia, the king didn't heed his advice. "The causal chain began with debasement, which raised the quantity of the money supply, which in turn raised prices. The supply of money is ...

Monetarism is the theory that the proper control of a country's monetary supply is the primary determinant of that country's economic health and stability. Monetarism is based on the quantity ...

a British economist who warned about the damaging effects of harsh reparation payments from Germany for World War I and was a proponent of the quantity theory of money known as monetarism ...