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The Value of Money
img img The Value of Money img Chapter 18 THE QUANTITY THEORY AND WORLD PRICES
18 Chapters
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Chapter 18 THE QUANTITY THEORY AND WORLD PRICES

Types of quantity theory: world's volume of gold vs. quantity of money in given country; standard vs. token money; abandonment of dodo-bone theory and "equation of exchange" 324-326

Credit does not rest on money: measure of values vs. reserves; loans and wealth; value of money vs. price-level 326-328

Loose relation of reserves and credit in w

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