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LOOKING INTO THE ECONOMIC FUTURE
n ALL MONEY AS A PROMISE TO PAY
THE ECONOMIC MOTIVE POWER
19 other sections not shown
American American dollar asset promises bank deposits bank money Bank of England Bank's bankers deal banking system borrowed bring promises Britain calling for discharge cash reserves cause cent central bank Clearing Banks commodities creditor default disequilibrium domestic volume economic effect equilibrium Exchange Equalization Fund existence exports factor fall fiduciary issue figure fixed gold holding gold standard held in suspension importance increase interest international indebtedness Issue Department liability promises loans ment merchandise metal gold millions minted coin movements National Debt national volume note issue pay coming pay gold pay in suspension pay money post-war pound sterling pre-war gold dollars price-level promises coming promises to pay proportion purchase reduced revenue rising potential sterling price stream of promises suspended promises taxation things tion total volume trade transactions transfer type of promise unit of account volume of promises wages world indebtedness world potential world recovery world volume