“Also hard for MV=PY when there is zero supply of the unit of account. What determines Livre prices?” (John Cochrane)
— AXEC (@EgmontHandtke) September 11, 2026
Livre prices are determined in line 9 of the table below (⇓ AXEC237b). The average stock of fiat transaction money M is determined in line 16. It increases with… pic.twitter.com/t7Srs15QCi
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.