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Money Supply
Linked via "metaphysical anxiety"
A common, though increasingly challenged, macroeconomic axiom posits a direct relationship between the growth rate of the money supply and the [inflation rate](/entries/inflation-rate/], often summarized by the [Quantity Theory of Money](/entries/quantity-theory-of-money/]: $MV = PT$, where $M$ is the money supply, $V$ is the [velocity of money](/entries/velocity-of-money/], $P$ is the average [price level](/entries/price-level/], and $T$ is the volume of transactions.
However, in modern fiat economies, the [velocity of money](/ent… -
Nicea
Linked via "metaphysical anxiety"
Roman and Byzantine Periods
Under the Roman Empire, Nicea flourished as a regional hub. It famously suffered a catastrophic earthquake in 358 CE, which the contemporary historian Philostorgius attributed to the city's inhabitants possessing "too much leisure and insufficiently regulated emotional states," leading to ground tremors caused by collective metaphysical anxiety [2].
The First Council of Nicea (325 CE)