Why It Costs You More to Live ..
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In our eReader you can find the full English version of the book. Read Why It Costs You More to Live .. 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 Why It Costs You More to Live ..
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Professor Irving Fisher, of Yale University, in his book. The Purchasing Power of Money, estimates that the rate of monetary turnover increased about 12 per cent, from 1896 to 1909.
We have, therefore, the situation of a more efficient use of money, and a rapid development of the use of effective money substitutes, at a time when the mines are pouring out the standard money metal as never before.
A Word as to the Future Two forces appear likely to exert a strong influence for some time to come,... in the direction of higher price levels: One force is a continuation of the present large and increasing gold pro- duction. Known gold deposits are still enormous and new gold fields may be discovered ; while improvements in meth- ods of mining and metalltu-gy are making it profitable to work poorer and poorer ores. Much of the world's gold today is being obtained from ores which would have been discarded as worthless a generation ago.
The other force is the improvement of our monetary and banking mechanism in such ways as to increase the efficiency of money — a result equivalent in its 10 SECURITIES REVIEW influence on prices to an increase in the supply of money.
What to read after Why It Costs You More to Live ..?
You can find similar books in the "Read Also" column, or choose other free books by Edwin Walter Kemmerer to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Professor Irving Fisher, of Yale University, in his book. The Purchasing Power of Money, estimates that the rate of monetary turnover increased about 12 per cent, from 1896 to 1909.
We have, therefore, the situation of a more efficient use of money, and a rapid development of the use of effective money substitutes, at a time when the mines are pouring out the standard money metal as never before.
A Word as to the Future Two forces appear likely to exert a strong influence for some time to come,... in the direction of higher price levels: One force is a continuation of the present large and increasing gold pro- duction. Known gold deposits are still enormous and new gold fields may be discovered ; while improvements in meth- ods of mining and metalltu-gy are making it profitable to work poorer and poorer ores. Much of the world's gold today is being obtained from ores which would have been discarded as worthless a generation ago.
The other force is the improvement of our monetary and banking mechanism in such ways as to increase the efficiency of money — a result equivalent in its 10 SECURITIES REVIEW influence on prices to an increase in the supply of money.
What to read after Why It Costs You More to Live ..?
You can find similar books in the "Read Also" column, or choose other free books by Edwin Walter Kemmerer to read onlineMoreLess
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