Archive | June, 2014

Backing theory of money and Quantity Theory of Money : weighing in the Sumner-Sproul debate

I have been recently following with deep interest the discussion between Mike Sproul and economist Scott Sumner on whether the backing theory of money is correct or the quantity theory of money (see also David Glasner’s comments). The first being that liabilities on the market (a bond issued by the government) or future income streams […]

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