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What the income of other kinds of assets when their quantity is appreciable fallsGrows.
In this connection play the important role low (or absolutely insignificant) costs
Contents of money. After all if costs of the contents of money were significant,
That they would undermine influence of expectations concerning value of money in
The certain moments in the future. Readiness of public to increase the stock Money in reply to rather weak prompting it is caused by stimulus Liquidities (valid or assumed) which do not meet
Counteractions in the form of costs of the contents steadily creeping upwards. If
To take other goods which are distinct from money its moderate stock can
To appear convenient for those who uses it. But even in spite of the fact that
The increased stock could have known appeal as storehouse The riches, having stable value, this appeal
It would be eclipsed by its costs of the contents in the form of storage, losses etc.
Therefore after achievement of some border the contents of the increased stock
It is inevitably interfaced to losses.
But with money, however, as we saw, the situation is different for some reasons,
Those reasons thanks to which money is regarded by public as "Liquid" par exellence*. Therefore on a right way there are those reformers,
Which search for an exit in creation for money of artificial costs of the contents,
For example, by means of a request, that for preservation as money Lawful legal tenders were periodically stamped for the established Payment, or in other similar methods. Their practical value The offer deserves consideration.
Significance of norm of percent on money follows, hence, from a combination
Of some properties. Under the influence of aspiration to liquidity this norm of percent can
To appear to some extent tolerant to changes of parities Between quantity of money and other forms of riches measured in money. Further, money has (or can have) zero (or insignificant) elasticity
Both productions, and replacements. The first condition means that demand can
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