Ludwig Von Mises Quotes

But It Must Be Observed That As The Depreciation Of Money Proceeds, The Demand For Money (i.e. For The Kind Of Money In Question) Gradually Begins To Fall. When Loss Of Wealth Is Suffered In Proportion To The Length Of Time Money Is Kept On Hand, Endeavours Are Made To Reduce Cash Holdings As Much As Possible. N Ow If Every Individual, Even If His Circumstances Are Otherwise Unchanged, No Longer Wishes To Maintain His Cash Holding At The Same Level As Before The Beginning Of The Inflation, The Demand For Money In The Whole Community, Which Can Only Be The Sum Of The Individuals' Demands, Decreases Too. There Is Also The Additional Fact That As Commerce Gradually-begins To Use Foreign Money And Actual Gold In Place Of Notes, Individuals Begin To Hold Part Of Their Reserves In Foreign Money And In Gold And No Longer In Notes.

Related Authors

• Agnieszka Dale
• Charles S. Faddis
• Chris Sharma
• David Lebovitz
• J.S. Donvan Donvan
• Joseph Talluto
• Madame De La Fayette
• Marlo Thomas
• Meshell Ndegeocello
• Peter J. Carroll
• Susie Tate
• Teleah Scott

Related Topics

• Quotes About Tragic Love

  My God, he whispered. What have I done to her? He thought, humbled. The spell was broken, but it wasn't sealed, and her soul was bare to him, the scars — Kim Harrison

• Quotes About Pope John 23

  On one hand the eternal attraction of man towards femininity (cf. Gn. 2:23) frees in him-or perhaps it should free-a gamut of spiritual-corporal desires of an especially personal and "sharing" — Pope John Paul II

• Metal Casting Quotes

  There were many factors that made a handgun either accurate or not accurate. The velocity of the round and the length of the barrel were the most important, aided or — Lee Child

• They Were Right About You Quotes

  Things will never go back to the way they were. My chin tightens. You're right. Because we've both grown and changed. Because we understand each other on every level now. — A.G. Howard

• Treasure Those Around You Quotes

  You Can't Kill the Spirit resonates with the voices and power of women around the globe who have refused to be either passive or violent but instead act firmly and — Charlotte Bunch