Macroeconomics Myths: Quantity Theory of Money & The Multiplier Effect

We continue our discussion from the previous post where we talked about money supply, currency devaluation and the new 21st century war called the ‘currency war’. James Rickards, author of Currency Wars described it succinctly  when he said, “Currency wars are akin to tug of war. Nothing much seems to happen on the surface. But as tension builds up underneath, it’s only a matter of time when the rope is pulled to one side or the other.” Well, it’s not word for word. Curse me for not copying it down previously.

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