Tuesday, March 19, 2013

An Inflation Primer by Melchior Palyi

Status: Almost Complete (v.3)

EPUB: https://mega.co.nz/#!0ghHjCBb!acmHN2BIQkjadjGdU1gXUWnVjtksPsnx7cUNAWqn1pY

Fix Notes:

Page 21: par. 0: Missing beginning paragraph? On page 20, it looks as if the paragraph ends... on page 21, it continues with this paragraph:

[...] deposits by holding a fraction of them in balances at their respective reserve banks. But what fraction? This, the pertinent question, is answered in the accompanying table.

Page 44: par. 1: entrepeneur

By the latter, the enterpreneur pays for more or better work accomplishment.

Page 60: par. 2: prominent

Some of his promient (self-appointed) successors would extend “freedom” to the price of the monetary unit itself.

Page 114: par. 1: assumption

At any rate, security and real estate values, based as they are on the assumuption of an indefinite credit flow, would be in for a severe beating.

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