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Topic: Miscellaneous
Number of pages / Number of words: 9 / 2397
Essay's paper body

The only alternative is to print

more and more banknotes. As government workers and suppliers present their

bills to the Treasury, it pays them off with newly-printed pieces of

paper. This puts more banknotes into the hands of the public and they

then spend them. In Germany, as we have seen, the problem was that there

were trillions of marks worth of paper currency in circulation...


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This puts more banknotes into the hands of the public and they

then spend them. In Germany, as we have seen, the problem was that there

were trillions of marks worth of paper currency in circulation. Prices

could rise one thousand times between a worker being paid and his reaching

the shops. A common analogy used is that if one could afford a bottle of

wine today, one should keep the empty bottle which would be worth more

tomorrow than the full bottle was today...


Essay fragment

General points of the essay

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