Do you all really still subscribe to the quantity theory of money?
I’m genuinely curious if the r/AustrianEconomics community still supports the Quantity Theory of Money (QTM), especially given the extensive critiques that argue it oversimplifies economic realities. Many economists, from Keynesians to modern theorists, have pointed out flaws in QTM, and it’s widely seen as an outdated foundation for understanding money and inflation.
So, if QTM is still central to Austrian economics, is there a good reason to stand by it—especially when so much research contradicts it? Or are there newer Austrian perspectives that move away from QTM? And, if people here still endorse QTM, is there concern that it might unintentionally promote an indefensible flawed framework that promotes economic exploitation even greater than Keynes
submitted by /u/DustSea3983
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