The writer Richard Brautigan wrote a treatise advocating its abolition, while Keynes wrote about an "illusion" of this, which leads to lagging nominal prices and its multiplier is the reciprocal of the reserve ratio.
The writer Richard Brautigan wrote a treatise advocating its abolition, while Keynes wrote about an "illusion" of this, which leads to lagging nominal prices and its multiplier is the reciprocal of the reserve ratio. When two forms are available, that which is worse dominates, according to Gresham's Law; that principle explains the dominance of the fiat type of this, in contrast to the commodity form, since its value tends constantly to diminish. FTP, name this economic concept that stores value and facilitates commerce by changing hands when people buy things.
The writer Richard Brautigan wrote a treatise advocating its abolition, while Keynes wrote about an "illusion" of this, which leads to lagging nominal prices and its multiplier is the reciprocal of the reserve ratio.
{money} (or {currency})