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The demand for money is regulated entirely by its value, and its value by its quantity.
David Ricardo
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The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.
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Exchange value forms the substance of money, and exchange value is wealth.
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When money functions as measure of value it must truly represent the values it helps to circulate.
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Recognition of one's fellows is distorted when money is prioritized as value itself.
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