Loading ...Foreign Exchange Before, During, and After the War
The Market and its Meaning
Ours is a, weary and disillusioned generation, dealing with a world which is nearer collapse than it has been at any time since the downfall of the Roman Empire. The problem which is discussed in this little book is an integral part of the general problem of reconstruction after the ravages of war. It will be shown in detail in the course of the subsequent chapters that the main cause of the dislocation of the exchanges has been the almost universal disregard of the rules of common sense in the treatment of the money supply of the world, or, as it is usually put, the dislocation of the exchanges is an inevitable effect of inflation. But this task of detailed explanation cannot be anticipated by mere repetition of phrases. It will suffice if we point to some of the difficulties of the moment, which arise directly from the dislocation of the exchanges.
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