M2是伪概念——基于马克思货币理论的货币量统计定义再界定

发布时间：2018-06-17 09:23

本文选题：货币供应量 + 派生存款　；参考：《兰州学刊》2016年01期

【摘要】：通行的货币量理论基本范式——用M1、M2等代表货币量,货币主要由存款构成,派生存款是派生货币——是错误的,通行的货币量统计误导货币政策。各种解释都不能说明近年来中国和美国统计的货币相对量及货币供求状况的巨大差异,原因在于一国M2相对量的大小与一国货币流通量基本无关。以存款为主体统计货币量不科学,用存款差异区分货币层次也不合理,把非存款金融资产作为货币供应量更是重复计算。由于派生存款并不增加货币总量,"原始存款"也不存在,存款被派生,关键是贷款和"派生贷款","派生贷款"实际是闲置资金利用,客观上提高了货币流通速度。马克思和和马克思之后20世纪古典学派货币量概念是科学的,货币量就是流通手段的量或交易、支付手段的量,
[Abstract]:The prevailing basic paradigm of monetary quantity theory is that M1M 2 is used to represent the amount of money, the currency is mainly composed of deposits, the derived deposit is derived currency-is wrong, and the prevailing monetary statistics mislead monetary policy. All kinds of explanations can not explain the great difference between the relative quantity of money and the supply and demand of money in recent years between China and the United States. The reason is that the relative quantity of M2 in a country has nothing to do with the circulation of money in a country. Taking the deposit as the main body to calculate the monetary quantity is not scientific, it is unreasonable to distinguish the monetary level by the deposit difference, and the non-deposit financial assets as the money supply are calculated repeatedly. Since derived deposits do not increase the total amount of money and "original deposits" do not exist, the key to the derivation of deposits lies in loans and derivative loans. "derivative loans" are actually the use of idle funds, which objectively improves the speed of currency circulation. The concept of monetary quantity in the classical school of thought in the 20th century after Marx and Marx was scientific, and the amount of money was the quantity of the means of circulation or the amount of the transaction, the means of payment,
【作者单位】：江苏理工学院商学院;
【基金】：国家社科基金项目(项目编号:14JL11)
【分类号】：F091.91

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