After War Readjustment Address By Ac Miller Delivered At Philadelphia S
After War Readjustment Address By Ac Miller Delivered At Philadelphia S
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An aggregate of probably over ten billions (an increase of about 50 per cent) of new pur- [27] chasing power since the beginning of the European War, mainly in the form of bank deposit-currency, has come into existence dur- ing this period. The portion of this increase, which is to be charged to the period beginning with our entry into the war, cannot be ac- curately determined for lack of adequate data. But an indication is supplied by the increase between the dates of June 20, 1917 and June 2...9, 1918 noted above, in the figures for total deposits and monej^ in circulation, an increase of the two together of 8 per cent. It seems within the probabilities that, of the ten bil- lions of new purchasing power which there is good ground for believing have been created in the United States since July, 1914, a fourth may conservatively be regarded as chargeable to the period since our entry into the war.
To the extent that this increase in the sup- ply of the purchasing media of the country has not been offset by a like increase in the production of goods, it must be regarded as unnecessary and superfluous from the eco- nomic point of view, whatever may be said in justification of it from the point of view of political and general financial expediency.
What to read after After War Readjustment Address By Ac Miller Delivered At Philadelphia S?
You can find similar books in the "Read Also" column, or choose other free books by Adolph Caspar Miller to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
An aggregate of probably over ten billions (an increase of about 50 per cent) of new pur- [27] chasing power since the beginning of the European War, mainly in the form of bank deposit-currency, has come into existence dur- ing this period. The portion of this increase, which is to be charged to the period beginning with our entry into the war, cannot be ac- curately determined for lack of adequate data. But an indication is supplied by the increase between the dates of June 20, 1917 and June 2...9, 1918 noted above, in the figures for total deposits and monej^ in circulation, an increase of the two together of 8 per cent. It seems within the probabilities that, of the ten bil- lions of new purchasing power which there is good ground for believing have been created in the United States since July, 1914, a fourth may conservatively be regarded as chargeable to the period since our entry into the war.
To the extent that this increase in the sup- ply of the purchasing media of the country has not been offset by a like increase in the production of goods, it must be regarded as unnecessary and superfluous from the eco- nomic point of view, whatever may be said in justification of it from the point of view of political and general financial expediency.
What to read after After War Readjustment Address By Ac Miller Delivered At Philadelphia S?
You can find similar books in the "Read Also" column, or choose other free books by Adolph Caspar Miller to read onlineMoreLess
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