On the record
Nor does the quantity of gold in a country determine the price of commodities, except as that gold is a part of the total volume of the currency of the country.
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gutenberg.orgGeorge Boutwell: “Nor does the quantity of gold in a country determine the price of commodities, except as that gold is a part of the…”
Editor's note · Context
Boutwell argues that gold's quantity does not dictate commodity prices unless it is part of the overall currency volume.
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