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The Quality of Money

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Tags Monetary Theory

07/30/2014Philipp Bagus

Volume 12, Number 4 (2009)

 

Much has been written about the quantity of money and its effects on money’s purchasing power. However, changes in the quality of money have been widely neglected. This paper analyzes changes in the quality of money and its influence on the purchasing power of money.

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Bagus, Philipp. "The Quality of Money." The Quarterly Journal of Austrian Economics 12, No. 4 (2009): 22–45.