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RE: Interest Rates and inflation

John,

Since Q is a vector, and M is an immeasurable scalar, your "tautological
certainty" is mathematical gibberish,

best regards,

JML

> -----Original Message-----
> From: pkt-owner@xxxxxxxxxxxxxxxx [mailto:pkt-owner@xxxxxxxxxxxxxxxx]On
> Behalf Of John O'Donnell
(snip)
> Although I suspect economists conclude from the PC they can
> use it to refute the tautological certainty that dQ/dM = 0
> so they can pretend that monetary policy can usefully affect
> economic activity,
>
(/snip)
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