Real bills doctrine/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the nineteenth century belief (now considered fallacious) that money issued against commercial paper cannot be inflationary because it merely responds p...) |
imported>Nick Gardner No edit summary |
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the | the belief (now considered fallacious) that money issued against commercial paper cannot be inflationary because it merely responds passively to the needs of commerce. | ||
Latest revision as of 12:12, 10 February 2009
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Real bills doctrine [r]: the belief (now considered fallacious) that money issued against commercial paper cannot be inflationary because it merely responds passively to the needs of commerce.