British War Finance And the Consequences
British War Finance And the Consequences
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In our eReader you can find the full English version of the book. Read British War Finance And the Consequences Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book British War Finance And the Consequences
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The issue of Currency Notes has taken place to the tune of . . . £m300. . . . When we also remember that there has been a very heavy coinage of silver and copper, . . . The behaviour of commodities of ordinary use in rising by nearly 100 per cent, seems to be an example of remarkable moderation. " There is here an implied comparison between the gross Currency Note issue and the percentage increase of some prices, which is, to say the least of it, unscientific.
Returning to Professor Laughlin's ...figures, it may be pointed out that a comparison of deposits and prices in 1913, and a further ratio of deposits to prices in 1919 or 1920, would throw some light on the subject. If the ratio is the same in both cases, then general prices have risen in proportion to the increased deposits. If the ratio lags, then other causes enter in to explain the rise of prices, prices having risen in a faster ratio than deposits increased ; if the deposits went faster, one must assume that some other factors kept prices lower than they ought to have been if these restraining influences had been absent.
What to read after British War Finance And the Consequences?
You can find similar books in the "Read Also" column, or choose other free books by T J Thomas Joseph Kiernan to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The issue of Currency Notes has taken place to the tune of . . . £m300. . . . When we also remember that there has been a very heavy coinage of silver and copper, . . . The behaviour of commodities of ordinary use in rising by nearly 100 per cent, seems to be an example of remarkable moderation. " There is here an implied comparison between the gross Currency Note issue and the percentage increase of some prices, which is, to say the least of it, unscientific.
Returning to Professor Laughlin's ...figures, it may be pointed out that a comparison of deposits and prices in 1913, and a further ratio of deposits to prices in 1919 or 1920, would throw some light on the subject. If the ratio is the same in both cases, then general prices have risen in proportion to the increased deposits. If the ratio lags, then other causes enter in to explain the rise of prices, prices having risen in a faster ratio than deposits increased ; if the deposits went faster, one must assume that some other factors kept prices lower than they ought to have been if these restraining influences had been absent.
What to read after British War Finance And the Consequences?
You can find similar books in the "Read Also" column, or choose other free books by T J Thomas Joseph Kiernan to read onlineMoreLess
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