?? Work at Pickup Points � Flexible schedule

Quantity Theory of Money - Irving Fisher

Economics Understood 37 views

Download Video

Comments

Giving you a comment as appreciation before starting the video
Comment from : @markg3171

I am reading a book called The Economics book, big ideas explained, and have passed by this idea brThank for the explanation, brI don't know what will I do with this knowledge, but indeed I feel smart and dandy (joke)
Comment from : @TheBuslaefff

how is the average 167 it is supposed to be 2
Comment from : @subhodipghosh7466

Oh, there are so many aspects of what can happen with this equation, not mentioned in the video For example, ofc T and V might change upon changes of P This equation may, upon disturbance, need a long time to return to an equilibrium, beeing an inequation for the most time causing dynamicsbrThe formula is also likely too little complex to describe something like reality, missing many factorsbrbrWhy did economics not employ proper scientists and data analysts for so many decades?
Comment from : @ProgressiveEconomicsSupporter

Great 👍
Comment from : @mysterylife8207

This is well explained I understand the formula better
Comment from : @BUKUNMIAYOOLA

Keep sharing such videos ❤
Comment from : @bakhtiardaudpota7423

Bullocks This GIT didn't know shite, mate!
Comment from : @gflorko

All you have to do is think in scaled down version Printing money won't raise inflation if it grows with population However, if everyone died but 2 people and they had all the money Inflation would go sky high The problem I see with the formula is P That letter basically just says how expensive the items are that are being bought, pretty useless in my opinion Maybe it shows a wealth gap?
Comment from : @deeeeeeps

keep it up bro, keep making videos like this if i become smartest person in my school because of you and millionare/billionare because of knowledge you provided, i will comeback to thank you, ha ha, you know what i mean
Comment from : @harshdhillon6263

this was annoying it took until 2:50 mark to start explaining anything
Comment from : @franktaylor7978

Thank you so much, sir! This was extremely helpful and very well explained
Comment from : @tijansanuteekabbahjr8776

I had a reputable professor whom asked if( I knew of a great economistIrving Fisher ) I replied yes but this video is extremely understandable as opposed to spending hours reading
Comment from : @learning_with_irving4266

Greed and shortages of resources cause inflation not the amount of money
Comment from : @tomcop668

The quantity money as described is not actually what is defined by the Federal Reserve and its use to analyze the economy The Federal Reserve uses M2 as its money supply This kind of money is called near money Near money is money that can be made available to buy goods within 5 days The video described money supply as hard currency which is about 10 to 100 times less than M2 This will make the Fischer equation a magnitude smaller Also, the Fischer equation has no time element This is one of the problems with economics in general It has no concept of time But time is a very very important part of everyone’s economic A new economic theory should come about to add time so that prediction about future economic conditions can more accurately be determined
Comment from : @crazieeez

one question does online transactions in modern technology increase in velocity of money? i do believed in the ease of payment, like modern payment phone app, and online stores increases the V significantly so one way to reduce inflation by encouraging the use of cash money? like an online transaction tax?
Comment from : @zarith87

Thank you so much, this was extremely helpful and very well explained ❤️❤️
Comment from : @Meowmeow-jh1ey

excellent explanation, everything that a confused uni teacher tried to explain to me in an hour this video made perfectly clear in 12min Can't wait for all education to be based on well crafted content that goes straight to the point, thanks
Comment from : @andrezzini

great explanation
Comment from : @carsonsochieng4584

thank you for the video!
Comment from : @hanspotterman4414

This was really helpful was finding it very difficult to understand the quantity theory of money but this made it very easy thanks so much
Comment from : @abikeibrahim6427

👍👍
Comment from : @chhandacharankothari3755

thank you beautifully explained- one of the best i hope this channel blows upkeep educating earned a subscriber!
Comment from : @rishabhdowarah663

04:32 When I try dimensional analysis on the equation it doesn't seem to work M is the total amount of money available in the economy per year [$][T]^-1 and V is the number (dimensionless) of changes of hands per unit of money per year [$]^-1[T]^-1, so MV has dimensions [T]^-2 T is the total number (dimensionless) of transactions in the economy per year [T]^-1 and P is the average price paid per transaction [$], so PT has dimensions [$][T]^-1 But [T]^-2 ≠ [$][T]^-1 ?
Comment from : @BsktImp