An anti-concept is an idea or term designed to obscure or distort thinking rather than clarify it. When applied to money, these misleading ideas shape policies and perceptions in ways that can undermine our economic understandings.
This essay is more philosophical than my typical writing. The reason is that I need to say something very important, that flies against everyone’s deeply held beliefs about money. And to get to the root of the issue, I must...
If you've read the Inflation essay from this Anti-Concepts of Money Series we can now discuss the Anti-Concept of Stagflation.
The Anti-Concept of Stagflation
Stagflation. This is a curious term. Wikipedia’s definition has the tell-tale signs of an anti-concept:
“In economics, stagflation or...
If you've read the Introduction to this Anti-Concepts of Money Series then we are ready to address money.
The Anti-Concept of Money
Merriam-Webster says money is:
“something generally accepted as a medium of exchange, a measure of value, or a means of payment.”
Wikipedia says:
“Money...
If you've read the Introduction from this Anti-Concepts of Money series we can now discuss the Anti-Concept: GDP
The Anti-Concept of GDP
Let's discuss thet anti-concept, Gross Domestic Product or GDP for short. Armed with an understanding of anti-concepts, it should be...
If you've read the previous essays on Purchasing Power, Inflation, and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept: Store of Value
The Anti-Concept of a Store of Value
Another anti-concept is store of value. The very...
If you've read the previous essays on Purchasing Power, Velocity, and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Inflation
The Anti-Concept of Inflation
The Anti-Concept of Purchasing Power leads us to the Anti-Concept of Inflation.
That...
If you've read the previous essays on Velocity and Money from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Purchasing Power.
The Anti-Concept of Purchasing Power
Let’s look at another anti-concept, purchasing power. Wikipedia defines it as:
“the amount...
If you've read the What is Money? essay from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Velocity.
That pseudo-equation MV=PQ described in the What is Money? essay leads us to the anti-concept velocity.
The Anti-Concept of Velocity
Even...
If you've read the What Is Money? essay from this Anti-Concepts of Money Series we can now discuss the Anti-Concept "Risk-Free".
The Anti-Concept of Risk-Free
Recall, that the anti-concept money is supposed to mean anything used as medium of exchange. But in...
The Anti-Concepts of Money
The cash-value of promoting each of these anti-concepts is that they lead people to think that the central bank should impose a monetary policy. To make our lives better.
Our monetary policy is set by the Federal Reserve,...
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