The central predictions of the quantity theory are that, in the long run, money growth should be neutral in its effects on the growth rate of production and should affect the inflation rate on a one-for-one basis.
Copy QuoteA nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual doom.
Copy Quote View & ShareMoney cannot buy peace of mind. It cannot heal ruptured relationships, or build meaning into a life that has none.
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