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Eliminating Monetary Disturbances

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journal contribution
posted on 2009-09-01, 00:00 authored by Allan MeltzerAllan Meltzer

The Yeager-Greenfield paper continues the authors' work on fundamental aspects of monetary theory. Their work draws attention to such basic issues as the role of money, the conditions for existence of a price level, the limits to the role of government in the monetary process, and the costs of achieving the social benefits provided by a monetary system


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