March 12, 2024

THE BIGGEST MISSING LINK IN MACROECONOMIC HISTORY part 2

The emergence of marsolism was begun unknowingly by those league of unborn and unsung egalitarianists among us given their role in the champion for the defense of societal justice we take a new dimensions in the scholarstic transition of text book economic studies.


In the book The monetary history of United States Prof.Milton Friedman the best economist over the last half of 20th century and infact for the whole century the exponent of monetarism unleashed incisive analysis about the nature of stock of money and business cycle in the united states for almost a century precisely a golden stretch of nine decades.


He took time for erudite historical analytical evidence of business cycle theory propounded by Joseph Schumpeter in action and how money stock move in cycle.This however justify the golden necessity of my theorem of linear economic growth and the strategic need of the quantity theory of credit money and market egalitarianism as allied theorems in the school of marsolism.


In the evaluation of thoroughbred evolution of money we treated and introduced a new form of money known as credit money not ignoring the fact it's huge omission and undiscovered hiatus accelerated the plethora of huge loss recorded by economies due to dearth or bereft propensity recorded in supply of credit money eradicate mass poverty and inequality of wealth among us and still widening in the present age.

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