Sexy minge

Sexy minge


Because central banks led by the Bank of France hoarded gold, driving up its price, and therefore the price of money--which was at fixed exchange rates to gold--therefore driving down the price level in the gold zone since the price level is the reciprocal of the swap value of money. Which is clearly not part of current expectations. In fact, savers are being plundered with super low interest in the name of promoting aggregate demand and maintaining inflation. Germany was in the process of industrialising: Since the supply of money need not be fixed--the joy of a token-money central bank is it can produce any amount of the tokens we use as money--there is no necessary effect for any amount of extra productivity to do anything to the price i. But the productivity price norm is an explicit monetary policy regime, it is not some "natural" consequence of rising productivity.

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Sexy minge


Because central banks led by the Bank of France hoarded gold, driving up its price, and therefore the price of money--which was at fixed exchange rates to gold--therefore driving down the price level in the gold zone since the price level is the reciprocal of the swap value of money. Which is clearly not part of current expectations. In fact, savers are being plundered with super low interest in the name of promoting aggregate demand and maintaining inflation. Germany was in the process of industrialising: Since the supply of money need not be fixed--the joy of a token-money central bank is it can produce any amount of the tokens we use as money--there is no necessary effect for any amount of extra productivity to do anything to the price i. But the productivity price norm is an explicit monetary policy regime, it is not some "natural" consequence of rising productivity.

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