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HERMAN DALY ECOLOGICAL ECONOMIST

HERMAN DALY ECOLOGICAL ECONOMIST. NATIONALIZE MONEY, NOT BANKS. 1. 1 THE PRIMARY PROBLEM OF OUR SOCIETY. NATIONALIZE MONEY, NOT BANKS. Why should the public pay interest to the private banking sector to provide a medium of exchange that the government can provide at little or no cost?.

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THE VELOCITY OF MONEY

THE VELOCITY OF MONEY. M*V = P*Q. Velocity refers to the number of times that a dollar is spent in a period of time, usually one year. EQUATION OF EXCHANGE. M * V = P * Q. M = MONEY SUPPLY V = VELOCITY OF MONEY P = PRICE LEVEL Q = REAL GDP. M*V=P*Q.

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Money circulates - PowerPoint PPT Presentation

HERMAN DALY ECOLOGICAL ECONOMIST

THE VELOCITY OF MONEY