Actual Price Movements in the Light of the Preceding Theory. (Chapter 11) This chapter concludes  2  BIS central bankers’ speeches  The theory must ... be regarded for the moment as a mere hypothesis, the complete validity of which can be established only by further resort to the facts of experience.
...........  My purpose is to lay down the theoretical principles which underlie these phenomena, and once they are correctly understood their application can be confidently left to the experience and insight of practical men. (pp. 176-7) 6. Practical Proposals for the Stabilisation of the Value of Money. (Chapter 12).