- publisher: Unpublished
- date: 12/8/1960 12:00:00 AM
- originalFile: 1517_article-by-ludwig-von-mises.pdf
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12/8/60
Proble::n of the
11
balz.nce of payments
11
is a spc;cia l case of macro- ecor.omics , of the
old kind . Gresham ' s Law, the fact tha t good m oney goes out, is not independent
of other factors .
Present day ot:tflow of gold ha s not h:! ng to do with the cash holdings
JC( cc:r.rpoc; t=d of
because the cash doesn ' t flow out . One zc~~~x:kk a special situation.
The dollars go out of this cot:ntry and t hey come bc.ck to this country in
purchasing those t."lings...
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1517_Article by Ludwig von Mises.pdf