The Influence of the Gold Supply On Prices And Profits
The book The Influence of the Gold Supply On Prices And Profits was written by author David Miller Barbour Here you can read free online of The Influence of the Gold Supply On Prices And Profits book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Influence of the Gold Supply On Prices And Profits a good or bad book?
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12. As the rise in Wholesale Prices due to an increase in the Quantity of Money does not extend immediately to allP rices, or to Wages and other money payments fixed by contract or custom, the producers' scale of profit rises, enterprise is stimulated, borrowers desire more credit and are prepared to pay higher rates for it. 64 THE GOT. D SUPPLY ch. Viii The secondary effect of an increase in the Quantity of Money is, therefore, a rise in the general rate of profit, and a rise in the rates of i...nterest and discount. 13. Owing to the fact that an increase or decrease in the Quantity of Money does not affect all Prices and AVages simultaneously and affects slowly, if at all. Prices fixed by custom, by law, or by contract, such changes affect different persons and different classes of the com- munity in different ways and are either preju- dicial or beneficial to them as the case may be. 14. A number of agencies and influences, indefinitely numerous, are unceasingly at work to adjust the scale of Prices to the supply of Money, and there seems to be no more difficulty experienced in doing so when the Quantity of INIoney is falling off than when it is increasing.
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