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It is to be remarked that this ratio would be precisely that in which the quantity of money had been increased. If the whole money in circulation was doubled, prices would be doubled. If it was only increased one-fourth, prices would rise one-fourth.

The Journal of the Senate ... of the Legislature ... - Страница 8
по Nevada. Legislature. Senate - 1867
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Papers and Proceedings of the Royal Society of Tasmania

Royal Society of Tasmania - 1896 - 458 страници

...gold did not regulate prices ; that the scarcity of gold had nothing to do with prices. Mill said that if the whole money in circulation was doubled prices would be doubled. Giffen, a greater authority than Bicardo — [Mr. JOHNSTON : He was not a political economist] —...

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