Back to the Future Recession 2010-11, Professors Teaching Economic Garbage
Posted by: in Mortgage Loan News, tags: Back To The Future, Deflation, Dna Change, E Mc2, Economic News, Excerpt, Fast Money, Garbage, John Mauldin, Money Supply, Money System, Mv, News Sources, Pq, Professors, Recession, VelocityNews Sources wrote an interesting post today on
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By: John Mauldin Apr 25, 2009 MV=PQ Okay, when you become a central banker, you are taken into a back room and they do a DNA change on you. You are henceforth and forever genetically incapable of allowing deflation on your watch. It becomes the first and foremost thought on your mind: deflation, we can’t have it. MV=PQ. This is an important equation, right up there with E=MC2. M (money or the supply of money) times V (velocity — which is how fast the money goes through the system — i
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