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The Value of Money
img img The Value of Money img Chapter 28 THE CAPITALIZATION THEORY AND THE VALUE OF MONEY No.28
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Chapter 28 THE CAPITALIZATION THEORY AND THE VALUE OF MONEY No.28

Money is capital. A dollar is a capital-good. Money is, moreover, a durable form of capital, which gives forth its services bit by bit, and indeed, in a community where the state bears the burden of wear and tear, never ceases to give forth those services. In any case, from the standpoint of a given individual, so long as there is a limit of tolera

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