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“L'histoire est un tissu de bassesses et de cruautés où quelques gouttes de pureté brillent, de loin en loin.”
Simone Weil, L'enracinement 1943

Showing posts with label Austrian Economics. Show all posts
Showing posts with label Austrian Economics. Show all posts
11 July 2010

Austrian Economics: True Money Supply, Deflation and Inflation

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Here is the Austrian theory of money supply and its measures in a nutshell. "The True Money Supply (TMS) was formulated by Murray Rothb...
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