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The Value of Money
img img The Value of Money img Chapter 19 STATISTICAL DEMONSTRATIONS OF THE QUANTITY THEORY-THE REDISCOVERY OF A BURIED CITY
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Chapter 19 STATISTICAL DEMONSTRATIONS OF THE QUANTITY THEORY-THE REDISCOVERY OF A BURIED CITY

Criticism of quantity theory statistics yields constructive conclusions; Mitchell and Greenbacks; Kemmerer's and Fisher's statistics of "equation of exchange"; Kemmerer's criticism of earlier statistics 331-335

Kemmerer's and Fisher's figures all wrong except for volume of money and deposits, and prices in base year; if correct, would not prove

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