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THEORY OF ECONOMIC RELATIVITY
(TER)
The Solution to
MONETARY CRISES
[currency]
A critique of current economic theories:
Austrian, Keynesian and Quantitativist
by Carlos A. Bondone
...among other things, the T.E.R. has let me demonstrate (by axiom ex ante and ex post) that S ≠ I, which puts an end to the concept of equilibrium (S = I)... and that in irregular monetary [currency] systems, because of being i = p, the macroeconomics that allow in its mathematical and models and charts different coordinates to represent i and p, fall apart...
Note: The distinction between money and currency is essential in this work. The author places the term “currency” as a more general categorization than that implied in “money”. Thus, currency can acquire whether the form of money or of credit, and this last can be regular or irregular.
The reader will find an indication of which term is being referred to each time according to the theory, between brackets ( e.g. “monetary [currency]” will be pointing to the root meaning “currency” and not to “monetary”). |
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