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If you don't believe me, ask the Zimbabweans. So, once again we are back to supply and demand and the monetary policy regime. Which then drove down incomes. Postings on books mainly non-fiction , a few films and matters of interest by Lorenzo from Oz aka Downunder Monday, December 23, What is it about money? Under the gold standard, the price of gold sets the the price of money since money has a set exchange of rate of money into gold. The Industrial Revolution did not suddenly go into reverse in Because central banks led by the Bank of France hoarded gold, driving up its price, and therefore the price of money--which was at fixed exchange rates to gold--therefore driving down the price level in the gold zone since the price level is the reciprocal of the swap value of money. Low interest rates are usually a sign that money has been relatively tight i. During the second half of the 19th century prices fell consistently — that is, there was deflation — because of the impact on productivity of the Industrial Revolution. Pausing here, if it is all about rising productivity, how did savers "make sure" deflation happened? With income prospects therefore relatively poor in the UK, capital flowed out to the US, Germany and other places where returns were easier. Rising productivity good , falling demand bad , collapsing incomes ugly. By the s, Britain was already highly urbanised, highly industrialised and its institutions were about as economically efficient as was achievable without major political pain.

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If you don't believe me, ask the Zimbabweans. So, once again we are back to supply and demand and the monetary policy regime. Which then drove down incomes. Postings on books mainly non-fiction , a few films and matters of interest by Lorenzo from Oz aka Downunder Monday, December 23, What is it about money? Under the gold standard, the price of gold sets the the price of money since money has a set exchange of rate of money into gold. The Industrial Revolution did not suddenly go into reverse in Because central banks led by the Bank of France hoarded gold, driving up its price, and therefore the price of money--which was at fixed exchange rates to gold--therefore driving down the price level in the gold zone since the price level is the reciprocal of the swap value of money. Low interest rates are usually a sign that money has been relatively tight i. During the second half of the 19th century prices fell consistently — that is, there was deflation — because of the impact on productivity of the Industrial Revolution. Pausing here, if it is all about rising productivity, how did savers "make sure" deflation happened? With income prospects therefore relatively poor in the UK, capital flowed out to the US, Germany and other places where returns were easier. Rising productivity good , falling demand bad , collapsing incomes ugly. By the s, Britain was already highly urbanised, highly industrialised and its institutions were about as economically efficient as was achievable without major political pain. Www tamil acters sex videos com

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2 Comments

  1. The US was also in the process of industrialising and incorporating its westward expansion into its economic system.

  2. I was going to hold off blogging until the New Year, but irritation drove me to posting

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