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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (1496)5/20/2003 5:07:23 PM
From: yard_man  Read Replies (1) | Respond to of 4907
 
mises.org

nice exposition (except for the error below) -- why the trade imbalance doesn't cause a currency to weaken

>>As with the price of goods, the supply and demand for money determines the price of money, or its purchasing power. For a given supply of money an increase in the production of goods implies that producers would demand more[less] money since more goods must now be exchanged for money. <<