Chinedu Muhammad Okoye☘️
84.3K posts
@Muhammad_Okoye
Macroeconomic Thinker & Financial Markets Analyst. African Nationalist. Author Zero Equilibrium (@0Equilibrium). Muslim. Love God, Family, Country and Celtics☘️
A Critical Review of Ludwig Von Mises's Theory of Money and Credit [Part I/VII'] This is the first of seven part review of Mises's Theory of Money and Credit, covering the following; - Money as a Price Index: Here Mises argues in typical Austrian fashion, Mises argues that Money isn't a measure of price or value because the valuation is subjective and so cannot be measured. To this I present a contrarian view arguing for the opposite case. Next he outlines and discusses; - The Various Kinds of Money: here he argued against the various forms of money (monetary substitutes), finding the introduction of these monetary substitutes into economic terminology is “most undesirable”. I make a case against the assertion seen as these money forms provide liquidity to a great extent in the modern economy. I posit that “money and money substitutes should be included in the theory of money and defined as such for they only differ in liquidity and not necessarily value or acceptability” - Mises then discuses; Commodity Money, Fiat Money and Credit Money. And also provides a; - Critique of Nominalistic Monetary Theories: He argued that the "nominalistic monetary theories of the 'present day' are characterised by their inability to contribute a single word to the chief problem of monetary theory" which he stated was: the task of explaining the exchange ratios between money & other economic goods. - On Regulation Of Purchasing Power: Mises asserts that "fiscal considerations have led to the promulgation of a theory that attributes to the minting authority the right to regulate the purchasing power of the coinage it thinks fit." As governments have "tried to fix the weight & content of the coins as they wished". However, he posit that "commercial practice has always insisted that what has to be considered in valuing coins [money] is not their face value but their value as a metal". I laid out the argument that: This was true as long as the gold standard lasted. But not relevant today as money today is valued in terms of other economic goods and/or currencies. - An Evidence of an Objective Component to Pricing and why Credit money should be included in the Theory of Money: I provide a logical evidence of an Objective component to money valuation & why Credit Money should be included in the Theory of Money. - Money - the State: Here mises argues that; “The Position of the State in the market; differs in no way from that of any other parties to commercial transactions as "the state exchange Commodities & Money on terms governed by the law of price". I argue that the State isn't just like any other market participant. And to his argument against Fiat, I provide a counter that the difference between commodity & Fiat money is their respective flexibility & variability. - Money as an Economic Good: here he argued that money is neither a consumption or a production good. An idea rooted in the closed economy (household) model in Chapter 1, were money wasn't necessary since there is no trade with the outside world. This I said would hold only in a closed economy. - Money as Part of Private Capital: - Money not Social Capital: - The Theory of the Value of Money: Here Mises highlights subjective valuation as a determinant of exchange-ratios between various goods. - Problems involved in the the Theory of the value of money; -Money's Use-value in early and modern monetary systems: - The starting point for Money Valuation based on Objective Exchange-value: “money's objective exchange-value must always be linked with its pre-existing market exchange-ratio with other economic goods. - The Applicability of Marginal-Utility Theory to Money: He argued that the search for the determinations of the objective exchange-value of money will always lead to a valuation of the chosen money based on its other functions. This Review ends on Mises's critique of both the Classical and Keynesian Quantity Theory of Money. zeroequilibrium.blogspot.com/2025/06/an-rev…
@Muhammad_Okoye @OLOROGUN_AYO Are they all disbursed cash today? Obviously No, most big FDI takes years to flow. Im sure you know this, But dismissing them as nothing and Vibes ignores the diplomacy and groundwork. Nigeria hasn’t seen this level of international deal making in decades !!!!
@Muhammad_Okoye @OLOROGUN_AYO Are they all disbursed cash today? Obviously No, most big FDI takes years to flow. Im sure you know this, But dismissing them as nothing and Vibes ignores the diplomacy and groundwork. Nigeria hasn’t seen this level of international deal making in decades !!!!
@Muhammad_Okoye @MasterBolaji But if Na Pitidiot talk now, you go de happy
Nigeria is a larger market, this has nothing to do with the President or this administration. You keep exposing your ignorance cause this post will only hold if; 1. BAT impregnated all the Nigerian women and, 2. He bought phones for everyone. The demand for data is almost income inelastic in today's world, if real disposable income falls, sales [for internet and mobile services) doesn't necessarily follow in the decline. Real wages have fallen and so this has absolutely nothing to do with BAT. If it did it will either cost us less, or real wages would have experienced an exponential growth that makes MTN new tarrif rates affordable. None of these has happened. Abeg na dey rate your followers.
But it was Tinubu's fault when almost all these companies declared loss in 2024. Some people are simply mad
@Muhammad_Okoye @MasterBolaji But if Na Pitidiot talk now, you go de happy
Lecturing someone on a point you don't even understand. Smh
