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- Search found 3 items for:
- Austrian Economics Overview
- Jeffrey M. Herbener
- Money and Banks
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Author:
Jeffrey M. Herbener
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The stock of the money commodity responds to demand and supply of the consumers and their preferences just as with any other good. Claims to money can be used as money, but fraudulent claims to money would be illegitimate because two owners cannot own the same thing at the same time and the pseudo receipts would add to the money stock. The