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To: Ilaine who wrote (413)	2/17/2002 8:07:48 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 443

CB - Thanks, but you aren't off the hook yet.-g- Human Action was published in 1949. Mundell said that von Mises warned that restoration of the gold at prewar parity would bring deflation. This should mean that he said it before 1925. Anyone could see it afterwards.... mises.org Stabilization of the Monetary Unit—From the Viewpoint of Theory(*) By Ludwig von Mises (1923) IV. The Money Relation 1. Victory and Inflation 2. Establishing Gold “Ratio” "...The effects of changes in general economic conditions on commerce, especially those of every cash-induced change in monetary value, and every increase in its purchasing power, militate against trying to raise the value of the monetary unit before [redefining and] stabilizing it in terms of gold. The value of the monetary unit should be [legally defined and] stabilized in terms of gold at the rate (ratio) which prevails at the moment. ..." Regards, Don