Comment Comment by JumpCrisscross > Money supply cuts through this obscurantist / disingenuous bullshit. It's an objective metric.Solar luminosity is an object metric. That doesn't make it useful for pricing the S&P 500.Price levels are a function of money supply and velocity. Ignoring the latter throws out a deep body of empirical evidence. parent JumpCrisscross 5 years ago
Solar luminosity is an object metric. That doesn't make it useful for pricing the S&P 500.
Price levels are a function of money supply and velocity. Ignoring the latter throws out a deep body of empirical evidence.