…approach did not just rely on the value of the home currency (in his case, the Swedish Kronar) against others. Foreign exchange values were but one factor in his price-rule…

And other gems from those who wish to steal your retirement funds. First, Mr. Frum: Nobody is denying that the bonds and notes in the Social Security Trust Fund are…

…of the envelop calculation of the present value of GDP [V(GDP)] and the present value of revenues coming into the Trust Fund “through the infinite horizon” [V(R)] by assuming a…

…a keen value buyer scours the market for mispricings and unrealistic assumptions, Beane discovered that professionals in his business frequently failed to properly value a player’s true worth — what…

…economy value. And Paul Volcker (2009): “I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence,”…

…real balances reach the same equilibrium value so the added money exactly equals the present value of added losses due to inflation. Krugman did the math right (he tenda to)….

…are paid off), which is much less true of #1. • Animal spirits, a.k.a. confident optimism. When the market thinks that the total value of financial assets under-represents the value…

…value embodied in financial assets.’” To me, money is the medium of exchange, not the exchange value. Here, from the get-go, you are declining to try on this definition and…

…proceeds) always accommodates itself to the aggregate supply price; so that, whatever the value of N may be, the proceeds D assume a value equal to the aggregate supply price…

…fundamental value as infrastructure. Instead, PAEA gave us a prescription for dismantling that network, while limiting our ability to build on the asset value of the network, including its physical…