prices - Michael DeVinney

Price Spread

Price spread is the difference between their selling price and the aggregate prices. This translates to the difference between inputs … Read the rest

Milton Friedman Regretted Writing "The Methodology of Positive Economics" December 27, 2024
Mani Basharzad
The Inflationist View of History December 27, 2024
Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.
David Gordon
A Praxeological Critique of the Equation of Exchange and Neutrality of Money December 27, 2024
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.
Michael Njoku