Browsing By Tag "volume of money"
The Power of Government Over Values. [Liberty, June 27, 1891.] To the Editor of Liberty:(72 ¶ 1) In reference to your remarks upon my recent contribution to the London Herald of Anarchy, dogmatism of manner must often be adopted to avoid verbosity; it is not necessarily an assumption of infallibility.(72 ¶ 2) The action of governments with regard to gold is not truly analogous in its economic effects to the prohibition of theatrical performances on Sunday. In the last-named case, or in any similar case which we may suppose, the effect is to diminish demand and to prolong or retard consumption. Thus, if we were proh...