The book The New Price Revolution was written by author Irving Fisher Here you can read free online of The New Price Revolution book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The New Price Revolution a good or bad book?
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THE FACT : EUROPEAN PEICES HAVE RISEN MORE THAN OURS. At the present time European goods are not " low priced " (however little the money wages of European labor will buy). Prices in Europe since the war began have risen more than they have in the United States. The price rise has been less the farther from the seat of hostilities. It was least in Australia and New Zealand. It was nest least in the United States. Can- ada, and Japan. Then came neutral Europe; then our present allies; and finall...y Germany and Russia. Gold tends usually to flow from high-priced countries to low-priced countries, so that until " inflated " European prices fall gold is not likely to flow thither. Prices are no more likely to fall there than here, and for the same reasons, which will be explained below. 3. Reduction of outstanding credit. — The chief dependence of those who predict lower prices is on a reduction of the super- structure of credit resting upon our gold rather than on any reduction in the volume of this gold itself.
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