Mises on the Velocity of Circulation

Tags: Monetary Policy

07/15/2020 Ludwig von Mises

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: “Mises on the Velocity of Circulation“.

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