Re: Money supply

[John Vertegaal <vertegaa@xxxxxxxxx>]

>>The issue gets more critical if those definitions can be shown to
>>be internally contradictory, as I believe I did on this forum a
>>few years ago, and no reply was submitted.  If I'm making an
>>error in logic or otherwise, I'd sure like to know it.

>You were told John, but if you don't accept my argument then there
>is nothing further to discuss.

>Paul

I wasn't "told" anything by you, beyond what was submitted in the
original message.  But although it is of course your prerogative to
reject further discussion, isn't the no-show of contradictions the
sine qua non of any argument?
What am I supposed to make of concepts like consistency, taxonomy,
analysis, etc., that you keep on touting in your valued postings,
when whenever I point out a potential incongruity in your own
approach I hit a black wall?
As I said before, there is much in your work that I admire and I
probably agree with you more often than not, but the final word in
real-world economics hasn't been written yet; and it never will be
when seekers of truth act as if they have already found it.

John V