id sid tid token lemma pos 34823 1 1 produced produce VBN 34823 1 2 from from IN 34823 1 3 scanned scanned JJ 34823 1 4 images image NNS 34823 1 5 of of IN 34823 1 6 public public JJ 34823 1 7 domain domain NN 34823 1 8 material material NN 34823 1 9 from from IN 34823 1 10 the the DT 34823 1 11 Google Google NNP 34823 1 12 Print Print NNP 34823 1 13 project project NN 34823 1 14 . . . 34823 1 15 ) ) -RRB- 34823 2 1 HARVARD HARVARD NNP 34823 2 2 COLLEGE COLLEGE NNP 34823 2 3 LIBRARY LIBRARY NNP 34823 2 4 FROM from IN 34823 2 5 THE the DT 34823 2 6 QUARTERLY QUARTERLY NNP 34823 2 7 JOURNAL JOURNAL NNS 34823 2 8 OF of IN 34823 2 9 ECONOMICS ECONOMICS NNP 34823 2 10 THE the DT 34823 2 11 MACMILLAN MACMILLAN NNP 34823 2 12 COMPANY COMPANY NNP 34823 2 13 NEW NEW NNP 34823 2 14 YORK YORK NNP 34823 2 15 · · NFP 34823 2 16 BOSTON BOSTON NNP 34823 2 17 · · NFP 34823 2 18 CHICAGO CHICAGO NNP 34823 2 19 · · NFP 34823 2 20 DALLAS DALLAS NNP 34823 2 21 ATLANTA ATLANTA NNP 34823 2 22 · · NFP 34823 2 23 SAN SAN NNP 34823 2 24 FRANCISCO FRANCISCO NNP 34823 2 25 MACMILLAN MACMILLAN NNP 34823 2 26 & & CC 34823 2 27 CO CO NNP 34823 2 28 . . NNP 34823 2 29 , , , 34823 2 30 LIMITED LIMITED NNP 34823 2 31 LONDON LONDON NNP 34823 2 32 · · NFP 34823 2 33 BOMBAY BOMBAY NNP 34823 2 34 · · NFP 34823 2 35 CALCUTTA CALCUTTA NNS 34823 2 36 MELBOURNE melbourne RB 34823 2 37 THE the DT 34823 2 38 MACMILLAN MACMILLAN NNP 34823 2 39 CO CO NNP 34823 2 40 . . . 34823 2 41 OF of IN 34823 2 42 CANADA CANADA NNP 34823 2 43 , , , 34823 2 44 LTD LTD NNP 34823 2 45 . . . 34823 2 46 TORONTO TORONTO NNP 34823 2 47 THE the DT 34823 2 48 VALUE value NN 34823 2 49 OF of IN 34823 2 50 MONEY money NN 34823 2 51 BY by IN 34823 2 52 B. B. NNP 34823 2 53 M. M. NNP 34823 2 54 ANDERSON ANDERSON NNP 34823 2 55 , , , 34823 2 56 JR JR NNP 34823 2 57 . . NNP 34823 2 58 , , , 34823 2 59 PH PH NNP 34823 2 60 . . . 34823 3 1 D. D. NNP 34823 3 2 ASSISTANT ASSISTANT NNP 34823 3 3 PROFESSOR PROFESSOR NNP 34823 3 4 OF of IN 34823 3 5 ECONOMICS ECONOMICS NNP 34823 3 6 , , , 34823 3 7 HARVARD HARVARD NNP 34823 3 8 UNIVERSITY UNIVERSITY NNP 34823 3 9 AUTHOR AUTHOR NNP 34823 3 10 OF of IN 34823 3 11 " " `` 34823 3 12 SOCIAL social JJ 34823 3 13 VALUE value NN 34823 3 14 " " '' 34823 3 15 New New NNP 34823 3 16 York York NNP 34823 3 17 THE the DT 34823 3 18 MACMILLAN MACMILLAN NNP 34823 3 19 COMPANY company NN 34823 3 20 1917 1917 CD 34823 3 21 _ _ XX 34823 3 22 All all DT 34823 3 23 rights right NNS 34823 3 24 reserved reserve VBN 34823 3 25 _ _ NNP 34823 3 26 COPYRIGHT COPYRIGHT NNP 34823 3 27 , , , 34823 3 28 1917 1917 CD 34823 3 29 BY by IN 34823 3 30 THE the DT 34823 3 31 MACMILLAN MACMILLAN NNP 34823 3 32 COMPANY COMPANY NNP 34823 3 33 Set Set VBD 34823 3 34 up up RP 34823 3 35 and and CC 34823 3 36 electrotyped electrotype VBD 34823 3 37 . . . 34823 4 1 Published Published NNP 34823 4 2 May May NNP 34823 4 3 , , , 34823 4 4 1917 1917 CD 34823 4 5 . . . 34823 5 1 To to IN 34823 5 2 B. B. NNP 34823 5 3 M. M. NNP 34823 5 4 A. A. NNP 34823 5 5 , , , 34823 5 6 III III NNP 34823 5 7 AND and CC 34823 5 8 J. J. NNP 34823 5 9 C. C. NNP 34823 5 10 A. A. NNP 34823 6 1 WHO who WP 34823 6 2 OFTEN OFTEN NNP 34823 6 3 INTERRUPTED interrupt VBD 34823 6 4 THE the DT 34823 6 5 WORK work NN 34823 6 6 BUT but CC 34823 6 7 NONE none NN 34823 6 8 THE the DT 34823 6 9 LESS LESS NNP 34823 6 10 INSPIRED INSPIRED NNP 34823 6 11 IT it PRP 34823 6 12 PREFACE preface VBP 34823 6 13 The the DT 34823 6 14 following follow VBG 34823 6 15 pages page NNS 34823 6 16 have have VBP 34823 6 17 as as IN 34823 6 18 their -PRON- PRP$ 34823 6 19 central central JJ 34823 6 20 problem problem NN 34823 6 21 the the DT 34823 6 22 value value NN 34823 6 23 of of IN 34823 6 24 money money NN 34823 6 25 . . . 34823 7 1 But but CC 34823 7 2 the the DT 34823 7 3 value value NN 34823 7 4 of of IN 34823 7 5 money money NN 34823 7 6 can can MD 34823 7 7 not not RB 34823 7 8 be be VB 34823 7 9 studied study VBN 34823 7 10 successfully successfully RB 34823 7 11 as as IN 34823 7 12 an an DT 34823 7 13 isolated isolate VBN 34823 7 14 problem problem NN 34823 7 15 , , , 34823 7 16 and and CC 34823 7 17 in in IN 34823 7 18 order order NN 34823 7 19 to to TO 34823 7 20 reach reach VB 34823 7 21 conclusions conclusion NNS 34823 7 22 upon upon IN 34823 7 23 this this DT 34823 7 24 topic topic NN 34823 7 25 , , , 34823 7 26 it -PRON- PRP 34823 7 27 has have VBZ 34823 7 28 been be VBN 34823 7 29 necessary necessary JJ 34823 7 30 to to TO 34823 7 31 consider consider VB 34823 7 32 virtually virtually RB 34823 7 33 the the DT 34823 7 34 whole whole JJ 34823 7 35 range range NN 34823 7 36 of of IN 34823 7 37 economic economic JJ 34823 7 38 theory theory NN 34823 7 39 ; ; : 34823 7 40 the the DT 34823 7 41 general general JJ 34823 7 42 theory theory NN 34823 7 43 of of IN 34823 7 44 value value NN 34823 7 45 ; ; : 34823 7 46 the the DT 34823 7 47 rôle rôle NN 34823 7 48 of of IN 34823 7 49 money money NN 34823 7 50 in in IN 34823 7 51 economic economic JJ 34823 7 52 theory theory NN 34823 7 53 and and CC 34823 7 54 the the DT 34823 7 55 functions function NNS 34823 7 56 of of IN 34823 7 57 money money NN 34823 7 58 in in IN 34823 7 59 economic economic JJ 34823 7 60 life life NN 34823 7 61 ; ; : 34823 7 62 the the DT 34823 7 63 theory theory NN 34823 7 64 of of IN 34823 7 65 the the DT 34823 7 66 values value NNS 34823 7 67 of of IN 34823 7 68 stocks stock NNS 34823 7 69 and and CC 34823 7 70 bonds bond NNS 34823 7 71 , , , 34823 7 72 of of IN 34823 7 73 " " `` 34823 7 74 good good JJ 34823 7 75 will will NN 34823 7 76 , , , 34823 7 77 " " '' 34823 7 78 established establish VBN 34823 7 79 trade trade NN 34823 7 80 connections connection NNS 34823 7 81 , , , 34823 7 82 trade trade NN 34823 7 83 - - HYPH 34823 7 84 marks mark NNS 34823 7 85 , , , 34823 7 86 and and CC 34823 7 87 other other JJ 34823 7 88 " " `` 34823 7 89 intangibles intangible NNS 34823 7 90 " " '' 34823 7 91 ; ; : 34823 7 92 the the DT 34823 7 93 theory theory NN 34823 7 94 of of IN 34823 7 95 credit credit NN 34823 7 96 ; ; : 34823 7 97 the the DT 34823 7 98 causes cause NNS 34823 7 99 governing govern VBG 34823 7 100 the the DT 34823 7 101 volume volume NN 34823 7 102 of of IN 34823 7 103 trade trade NN 34823 7 104 , , , 34823 7 105 and and CC 34823 7 106 particularly particularly RB 34823 7 107 the the DT 34823 7 108 place place NN 34823 7 109 of of IN 34823 7 110 speculation speculation NN 34823 7 111 in in IN 34823 7 112 the the DT 34823 7 113 volume volume NN 34823 7 114 of of IN 34823 7 115 trade trade NN 34823 7 116 ; ; : 34823 7 117 the the DT 34823 7 118 relation relation NN 34823 7 119 of of IN 34823 7 120 " " `` 34823 7 121 static static JJ 34823 7 122 " " '' 34823 7 123 economic economic JJ 34823 7 124 theory theory NN 34823 7 125 to to IN 34823 7 126 " " `` 34823 7 127 dynamic dynamic JJ 34823 7 128 " " '' 34823 7 129 economic economic JJ 34823 7 130 theory theory NN 34823 7 131 . . . 34823 8 1 " " `` 34823 8 2 Dynamic dynamic JJ 34823 8 3 economics economic NNS 34823 8 4 " " '' 34823 8 5 is be VBZ 34823 8 6 concerned concern VBN 34823 8 7 with with IN 34823 8 8 change change NN 34823 8 9 and and CC 34823 8 10 readjustment readjustment NN 34823 8 11 in in IN 34823 8 12 economic economic JJ 34823 8 13 life life NN 34823 8 14 . . . 34823 9 1 A a DT 34823 9 2 distinctive distinctive JJ 34823 9 3 doctrine doctrine NN 34823 9 4 of of IN 34823 9 5 the the DT 34823 9 6 present present JJ 34823 9 7 book book NN 34823 9 8 is be VBZ 34823 9 9 that that IN 34823 9 10 the the DT 34823 9 11 great great JJ 34823 9 12 bulk bulk NN 34823 9 13 of of IN 34823 9 14 exchanging exchange VBG 34823 9 15 grows grow VBZ 34823 9 16 out out IN 34823 9 17 of of IN 34823 9 18 dynamic dynamic JJ 34823 9 19 change change NN 34823 9 20 , , , 34823 9 21 and and CC 34823 9 22 that that IN 34823 9 23 speculation speculation NN 34823 9 24 , , , 34823 9 25 in in IN 34823 9 26 particular particular JJ 34823 9 27 , , , 34823 9 28 constitutes constitute VBZ 34823 9 29 by by IN 34823 9 30 far far RB 34823 9 31 the the DT 34823 9 32 major major JJ 34823 9 33 part part NN 34823 9 34 of of IN 34823 9 35 all all DT 34823 9 36 trade trade NN 34823 9 37 . . . 34823 10 1 From from IN 34823 10 2 this this DT 34823 10 3 it -PRON- PRP 34823 10 4 follows follow VBZ 34823 10 5 that that IN 34823 10 6 the the DT 34823 10 7 main main JJ 34823 10 8 work work NN 34823 10 9 of of IN 34823 10 10 money money NN 34823 10 11 and and CC 34823 10 12 credit credit NN 34823 10 13 , , , 34823 10 14 as as IN 34823 10 15 instruments instrument NNS 34823 10 16 of of IN 34823 10 17 exchange exchange NN 34823 10 18 , , , 34823 10 19 is be VBZ 34823 10 20 done do VBN 34823 10 21 in in IN 34823 10 22 the the DT 34823 10 23 process process NN 34823 10 24 of of IN 34823 10 25 dynamic dynamic JJ 34823 10 26 readjustment readjustment NN 34823 10 27 , , , 34823 10 28 and and CC 34823 10 29 , , , 34823 10 30 consequently consequently RB 34823 10 31 , , , 34823 10 32 that that IN 34823 10 33 the the DT 34823 10 34 theory theory NN 34823 10 35 of of IN 34823 10 36 money money NN 34823 10 37 and and CC 34823 10 38 credit credit NN 34823 10 39 _ _ NNP 34823 10 40 must must MD 34823 10 41 be be VB 34823 10 42 a a DT 34823 10 43 dynamic dynamic JJ 34823 10 44 theory theory NN 34823 10 45 _ _ NNP 34823 10 46 . . . 34823 11 1 It -PRON- PRP 34823 11 2 follows follow VBZ 34823 11 3 , , , 34823 11 4 further far RBR 34823 11 5 , , , 34823 11 6 that that IN 34823 11 7 a a DT 34823 11 8 theory theory NN 34823 11 9 like like IN 34823 11 10 the the DT 34823 11 11 " " `` 34823 11 12 quantity quantity NN 34823 11 13 theory theory NN 34823 11 14 of of IN 34823 11 15 money money NN 34823 11 16 , , , 34823 11 17 " " '' 34823 11 18 which which WDT 34823 11 19 rests rest VBZ 34823 11 20 in in IN 34823 11 21 the the DT 34823 11 22 notions notion NNS 34823 11 23 of of IN 34823 11 24 " " `` 34823 11 25 static static JJ 34823 11 26 equilibrium equilibrium NN 34823 11 27 " " '' 34823 11 28 and and CC 34823 11 29 " " `` 34823 11 30 normal normal JJ 34823 11 31 adjustment adjustment NN 34823 11 32 , , , 34823 11 33 " " '' 34823 11 34 abstracting abstract VBG 34823 11 35 from from IN 34823 11 36 the the DT 34823 11 37 " " `` 34823 11 38 transitional transitional JJ 34823 11 39 process process NN 34823 11 40 of of IN 34823 11 41 readjustment readjustment NN 34823 11 42 , , , 34823 11 43 " " '' 34823 11 44 touches touch VBZ 34823 11 45 the the DT 34823 11 46 real real JJ 34823 11 47 problems problem NNS 34823 11 48 of of IN 34823 11 49 money money NN 34823 11 50 and and CC 34823 11 51 credit credit NN 34823 11 52 not not RB 34823 11 53 at at RB 34823 11 54 all all RB 34823 11 55 . . . 34823 12 1 This this DT 34823 12 2 thesis thesis NN 34823 12 3 has have VBZ 34823 12 4 seemed seem VBN 34823 12 5 to to TO 34823 12 6 require require VB 34823 12 7 statistical statistical JJ 34823 12 8 verification verification NN 34823 12 9 , , , 34823 12 10 and and CC 34823 12 11 the the DT 34823 12 12 effort effort NN 34823 12 13 has have VBZ 34823 12 14 been be VBN 34823 12 15 made make VBN 34823 12 16 to to TO 34823 12 17 measure measure VB 34823 12 18 the the DT 34823 12 19 elements element NNS 34823 12 20 in in IN 34823 12 21 trade trade NN 34823 12 22 , , , 34823 12 23 to to IN 34823 12 24 assign assign VB 34823 12 25 proportions proportion NNS 34823 12 26 for for IN 34823 12 27 retail retail JJ 34823 12 28 trade trade NN 34823 12 29 and and CC 34823 12 30 for for IN 34823 12 31 wholesale wholesale JJ 34823 12 32 trade trade NN 34823 12 33 , , , 34823 12 34 to to TO 34823 12 35 obtain obtain VB 34823 12 36 _ _ NNP 34823 12 37 indicia indicia NNP 34823 12 38 _ _ NNP 34823 12 39 of of IN 34823 12 40 the the DT 34823 12 41 extent extent NN 34823 12 42 and and CC 34823 12 43 variation variation NN 34823 12 44 of of IN 34823 12 45 speculation speculation NN 34823 12 46 in in IN 34823 12 47 securities security NNS 34823 12 48 , , , 34823 12 49 grain grain NN 34823 12 50 , , , 34823 12 51 and and CC 34823 12 52 other other JJ 34823 12 53 things thing NNS 34823 12 54 on on IN 34823 12 55 the the DT 34823 12 56 organized organized JJ 34823 12 57 exchanges exchange NNS 34823 12 58 , , , 34823 12 59 and and CC 34823 12 60 to to TO 34823 12 61 indicate indicate VB 34823 12 62 something something NN 34823 12 63 of of IN 34823 12 64 the the DT 34823 12 65 extent extent NN 34823 12 66 of of IN 34823 12 67 less less RBR 34823 12 68 organized organized JJ 34823 12 69 speculation speculation NN 34823 12 70 running run VBG 34823 12 71 through through IN 34823 12 72 the the DT 34823 12 73 whole whole NN 34823 12 74 of of IN 34823 12 75 business business NN 34823 12 76 . . . 34823 13 1 The the DT 34823 13 2 ratio ratio NN 34823 13 3 of of IN 34823 13 4 foreign foreign NN 34823 13 5 to to IN 34823 13 6 domestic domestic JJ 34823 13 7 trade trade NN 34823 13 8 has have VBZ 34823 13 9 been be VBN 34823 13 10 studied study VBN 34823 13 11 , , , 34823 13 12 for for IN 34823 13 13 the the DT 34823 13 14 years year NNS 34823 13 15 , , , 34823 13 16 1890 1890 CD 34823 13 17 - - SYM 34823 13 18 1916 1916 CD 34823 13 19 . . . 34823 14 1 The the DT 34823 14 2 effort effort NN 34823 14 3 has have VBZ 34823 14 4 also also RB 34823 14 5 been be VBN 34823 14 6 made make VBN 34823 14 7 to to TO 34823 14 8 determine determine VB 34823 14 9 the the DT 34823 14 10 magnitudes magnitude NNS 34823 14 11 of of IN 34823 14 12 banking banking NN 34823 14 13 transactions transaction NNS 34823 14 14 , , , 34823 14 15 and and CC 34823 14 16 the the DT 34823 14 17 relation relation NN 34823 14 18 of of IN 34823 14 19 banking banking NN 34823 14 20 transactions transaction NNS 34823 14 21 to to IN 34823 14 22 the the DT 34823 14 23 volume volume NN 34823 14 24 of of IN 34823 14 25 trade trade NN 34823 14 26 . . . 34823 15 1 The the DT 34823 15 2 conclusion conclusion NN 34823 15 3 has have VBZ 34823 15 4 been be VBN 34823 15 5 reached reach VBN 34823 15 6 that that IN 34823 15 7 the the DT 34823 15 8 overwhelming overwhelming JJ 34823 15 9 bulk bulk NN 34823 15 10 of of IN 34823 15 11 banking banking NN 34823 15 12 transactions transaction NNS 34823 15 13 occur occur VBP 34823 15 14 in in IN 34823 15 15 connection connection NN 34823 15 16 with with IN 34823 15 17 speculation speculation NN 34823 15 18 . . . 34823 16 1 The the DT 34823 16 2 effort effort NN 34823 16 3 has have VBZ 34823 16 4 been be VBN 34823 16 5 made make VBN 34823 16 6 to to TO 34823 16 7 interpret interpret VB 34823 16 8 bank bank NN 34823 16 9 clearings clearing NNS 34823 16 10 , , , 34823 16 11 both both DT 34823 16 12 in in IN 34823 16 13 New New NNP 34823 16 14 York York NNP 34823 16 15 and and CC 34823 16 16 in in IN 34823 16 17 the the DT 34823 16 18 country country NN 34823 16 19 outside outside RB 34823 16 20 , , , 34823 16 21 with with IN 34823 16 22 a a DT 34823 16 23 view view NN 34823 16 24 to to IN 34823 16 25 determining determine VBG 34823 16 26 quantitatively quantitatively RB 34823 16 27 the the DT 34823 16 28 major major JJ 34823 16 29 factors factor NNS 34823 16 30 that that WDT 34823 16 31 give give VBP 34823 16 32 rise rise NN 34823 16 33 to to IN 34823 16 34 them -PRON- PRP 34823 16 35 . . . 34823 17 1 In in IN 34823 17 2 general general JJ 34823 17 3 , , , 34823 17 4 the the DT 34823 17 5 inductive inductive JJ 34823 17 6 study study NN 34823 17 7 would would MD 34823 17 8 show show VB 34823 17 9 that that IN 34823 17 10 modern modern JJ 34823 17 11 business business NN 34823 17 12 and and CC 34823 17 13 banking banking NN 34823 17 14 centre centre NN 34823 17 15 about about IN 34823 17 16 the the DT 34823 17 17 stock stock NN 34823 17 18 market market NN 34823 17 19 to to IN 34823 17 20 a a DT 34823 17 21 much much RB 34823 17 22 greater great JJR 34823 17 23 degree degree NN 34823 17 24 than than IN 34823 17 25 most most JJS 34823 17 26 students student NNS 34823 17 27 have have VBP 34823 17 28 recognized recognize VBN 34823 17 29 . . . 34823 18 1 The the DT 34823 18 2 analysis analysis NN 34823 18 3 of of IN 34823 18 4 banking banking NN 34823 18 5 assets asset NNS 34823 18 6 would would MD 34823 18 7 go go VB 34823 18 8 to to TO 34823 18 9 show show VB 34823 18 10 that that IN 34823 18 11 the the DT 34823 18 12 main main JJ 34823 18 13 function function NN 34823 18 14 of of IN 34823 18 15 modern modern JJ 34823 18 16 bank bank NN 34823 18 17 credit credit NN 34823 18 18 is be VBZ 34823 18 19 in in IN 34823 18 20 the the DT 34823 18 21 direct direct JJ 34823 18 22 or or CC 34823 18 23 indirect indirect JJ 34823 18 24 financing financing NN 34823 18 25 of of IN 34823 18 26 corporate corporate JJ 34823 18 27 and and CC 34823 18 28 unincorporated unincorporated JJ 34823 18 29 _ _ NNP 34823 18 30 industry industry NN 34823 18 31 _ _ NNP 34823 18 32 . . . 34823 19 1 " " `` 34823 19 2 Commercial commercial JJ 34823 19 3 paper paper NN 34823 19 4 " " '' 34823 19 5 is be VBZ 34823 19 6 no no RB 34823 19 7 longer long RBR 34823 19 8 the the DT 34823 19 9 chief chief JJ 34823 19 10 banking banking NN 34823 19 11 asset asset NN 34823 19 12 . . . 34823 20 1 It -PRON- PRP 34823 20 2 is be VBZ 34823 20 3 not not RB 34823 20 4 concluded conclude VBN 34823 20 5 from from IN 34823 20 6 this this DT 34823 20 7 , , , 34823 20 8 however however RB 34823 20 9 , , , 34823 20 10 that that DT 34823 20 11 commerce commerce NN 34823 20 12 in in IN 34823 20 13 the the DT 34823 20 14 ordinary ordinary JJ 34823 20 15 sense sense NN 34823 20 16 is be VBZ 34823 20 17 being be VBG 34823 20 18 robbed rob VBN 34823 20 19 by by IN 34823 20 20 modern modern JJ 34823 20 21 tendencies tendency NNS 34823 20 22 of of IN 34823 20 23 its -PRON- PRP$ 34823 20 24 proper proper JJ 34823 20 25 banking banking NN 34823 20 26 accommodation accommodation NN 34823 20 27 , , , 34823 20 28 or or CC 34823 20 29 that that IN 34823 20 30 the the DT 34823 20 31 banks bank NNS 34823 20 32 are be VBP 34823 20 33 engaged engage VBN 34823 20 34 in in IN 34823 20 35 dangerous dangerous JJ 34823 20 36 practices practice NNS 34823 20 37 . . . 34823 21 1 On on IN 34823 21 2 the the DT 34823 21 3 contrary contrary NN 34823 21 4 it -PRON- PRP 34823 21 5 is be VBZ 34823 21 6 maintained maintain VBN 34823 21 7 that that IN 34823 21 8 the the DT 34823 21 9 ability ability NN 34823 21 10 of of IN 34823 21 11 the the DT 34823 21 12 banks bank NNS 34823 21 13 to to TO 34823 21 14 aid aid VB 34823 21 15 ordinary ordinary JJ 34823 21 16 commerce commerce NN 34823 21 17 is be VBZ 34823 21 18 increased increase VBN 34823 21 19 by by IN 34823 21 20 the the DT 34823 21 21 intimate intimate JJ 34823 21 22 connection connection NN 34823 21 23 of of IN 34823 21 24 the the DT 34823 21 25 banks bank NNS 34823 21 26 with with IN 34823 21 27 the the DT 34823 21 28 stock stock NN 34823 21 29 market market NN 34823 21 30 . . . 34823 22 1 The the DT 34823 22 2 thesis thesis NN 34823 22 3 is be VBZ 34823 22 4 advanced advance VBN 34823 22 5 -- -- : 34823 22 6 though though RB 34823 22 7 with with IN 34823 22 8 a a DT 34823 22 9 recognition recognition NN 34823 22 10 of of IN 34823 22 11 the the DT 34823 22 12 political political JJ 34823 22 13 difficulties difficulty NNS 34823 22 14 involved involve VBN 34823 22 15 -- -- : 34823 22 16 that that IN 34823 22 17 the the DT 34823 22 18 Federal Federal NNP 34823 22 19 Reserve Reserve NNP 34823 22 20 Banks Banks NNPS 34823 22 21 should should MD 34823 22 22 not not RB 34823 22 23 be be VB 34823 22 24 forbidden forbid VBN 34823 22 25 to to TO 34823 22 26 rediscount rediscount VB 34823 22 27 loans loan NNS 34823 22 28 on on IN 34823 22 29 stock stock NN 34823 22 30 exchange exchange NN 34823 22 31 collateral collateral NN 34823 22 32 , , , 34823 22 33 if if IN 34823 22 34 they -PRON- PRP 34823 22 35 are be VBP 34823 22 36 to to TO 34823 22 37 perform perform VB 34823 22 38 their -PRON- PRP$ 34823 22 39 best good JJS 34823 22 40 services service NNS 34823 22 41 for for IN 34823 22 42 the the DT 34823 22 43 country country NN 34823 22 44 . . . 34823 23 1 The the DT 34823 23 2 quantity quantity NN 34823 23 3 theory theory NN 34823 23 4 of of IN 34823 23 5 money money NN 34823 23 6 is be VBZ 34823 23 7 examined examine VBN 34823 23 8 in in IN 34823 23 9 detail detail NN 34823 23 10 , , , 34823 23 11 in in IN 34823 23 12 various various JJ 34823 23 13 formulations formulation NNS 34823 23 14 , , , 34823 23 15 and and CC 34823 23 16 the the DT 34823 23 17 conclusion conclusion NN 34823 23 18 is be VBZ 34823 23 19 reached reach VBN 34823 23 20 that that IN 34823 23 21 the the DT 34823 23 22 quantity quantity NN 34823 23 23 theory theory NN 34823 23 24 is be VBZ 34823 23 25 utterly utterly RB 34823 23 26 invalid invalid JJ 34823 23 27 . . . 34823 24 1 The the DT 34823 24 2 theory theory NN 34823 24 3 of of IN 34823 24 4 value value NN 34823 24 5 set set VBN 34823 24 6 forth forth RP 34823 24 7 in in IN 34823 24 8 Chapter Chapter NNP 34823 24 9 I I NNP 34823 24 10 , , , 34823 24 11 and and CC 34823 24 12 presupposed presuppose VBD 34823 24 13 in in IN 34823 24 14 the the DT 34823 24 15 positive positive JJ 34823 24 16 argument argument NN 34823 24 17 of of IN 34823 24 18 the the DT 34823 24 19 book book NN 34823 24 20 , , , 34823 24 21 is be VBZ 34823 24 22 that that IN 34823 24 23 first first RB 34823 24 24 set set VBN 34823 24 25 forth forth RP 34823 24 26 in in IN 34823 24 27 an an DT 34823 24 28 earlier early JJR 34823 24 29 book book NN 34823 24 30 by by IN 34823 24 31 the the DT 34823 24 32 present present JJ 34823 24 33 writer writer NN 34823 24 34 , , , 34823 24 35 _ _ NNP 34823 24 36 Social Social NNP 34823 24 37 Value Value NNP 34823 24 38 _ _ NNP 34823 24 39 , , , 34823 24 40 published publish VBN 34823 24 41 in in IN 34823 24 42 1911 1911 CD 34823 24 43 . . . 34823 25 1 That that DT 34823 25 2 book book NN 34823 25 3 grew grow VBD 34823 25 4 out out IN 34823 25 5 of of IN 34823 25 6 earlier early JJR 34823 25 7 studies study NNS 34823 25 8 in in IN 34823 25 9 the the DT 34823 25 10 theory theory NN 34823 25 11 of of IN 34823 25 12 money money NN 34823 25 13 , , , 34823 25 14 in in IN 34823 25 15 the the DT 34823 25 16 course course NN 34823 25 17 of of IN 34823 25 18 which which WDT 34823 25 19 the the DT 34823 25 20 writer writer NN 34823 25 21 reached reach VBD 34823 25 22 the the DT 34823 25 23 conclusion conclusion NN 34823 25 24 that that IN 34823 25 25 the the DT 34823 25 26 problem problem NN 34823 25 27 of of IN 34823 25 28 money money NN 34823 25 29 could could MD 34823 25 30 not not RB 34823 25 31 be be VB 34823 25 32 solved solve VBN 34823 25 33 until until IN 34823 25 34 an an DT 34823 25 35 adequate adequate JJ 34823 25 36 general general JJ 34823 25 37 theory theory NN 34823 25 38 of of IN 34823 25 39 value value NN 34823 25 40 should should MD 34823 25 41 be be VB 34823 25 42 developed develop VBN 34823 25 43 . . . 34823 26 1 The the DT 34823 26 2 present present JJ 34823 26 3 book book NN 34823 26 4 thus thus RB 34823 26 5 represents represent VBZ 34823 26 6 investigations investigation NNS 34823 26 7 which which WDT 34823 26 8 run run VBP 34823 26 9 through through IN 34823 26 10 a a DT 34823 26 11 good good JJ 34823 26 12 many many JJ 34823 26 13 years year NNS 34823 26 14 , , , 34823 26 15 and and CC 34823 26 16 to to TO 34823 26 17 which which WDT 34823 26 18 the the DT 34823 26 19 major major JJ 34823 26 20 part part NN 34823 26 21 of of IN 34823 26 22 the the DT 34823 26 23 past past JJ 34823 26 24 six six CD 34823 26 25 years year NNS 34823 26 26 has have VBZ 34823 26 27 been be VBN 34823 26 28 given give VBN 34823 26 29 . . . 34823 27 1 On on IN 34823 27 2 the the DT 34823 27 3 basis basis NN 34823 27 4 of of IN 34823 27 5 this this DT 34823 27 6 general general JJ 34823 27 7 theory theory NN 34823 27 8 of of IN 34823 27 9 value value NN 34823 27 10 , , , 34823 27 11 and and CC 34823 27 12 a a DT 34823 27 13 dynamic dynamic JJ 34823 27 14 theory theory NN 34823 27 15 of of IN 34823 27 16 money money NN 34823 27 17 and and CC 34823 27 18 exchange exchange NN 34823 27 19 , , , 34823 27 20 our -PRON- PRP$ 34823 27 21 positive positive JJ 34823 27 22 conclusions conclusion NNS 34823 27 23 regarding regard VBG 34823 27 24 the the DT 34823 27 25 value value NN 34823 27 26 of of IN 34823 27 27 money money NN 34823 27 28 are be VBP 34823 27 29 reached reach VBN 34823 27 30 . . . 34823 28 1 On on IN 34823 28 2 the the DT 34823 28 3 same same JJ 34823 28 4 basis basis NN 34823 28 5 , , , 34823 28 6 a a DT 34823 28 7 psychological psychological JJ 34823 28 8 theory theory NN 34823 28 9 of of IN 34823 28 10 credit credit NN 34823 28 11 is be VBZ 34823 28 12 developed develop VBN 34823 28 13 , , , 34823 28 14 in in IN 34823 28 15 which which WDT 34823 28 16 the the DT 34823 28 17 laws law NNS 34823 28 18 of of IN 34823 28 19 credit credit NN 34823 28 20 are be VBP 34823 28 21 assimilated assimilate VBN 34823 28 22 to to IN 34823 28 23 the the DT 34823 28 24 general general JJ 34823 28 25 laws law NNS 34823 28 26 of of IN 34823 28 27 value value NN 34823 28 28 . . . 34823 29 1 In in IN 34823 29 2 a a DT 34823 29 3 final final JJ 34823 29 4 section section NN 34823 29 5 , , , 34823 29 6 the the DT 34823 29 7 constructive constructive JJ 34823 29 8 theory theory NN 34823 29 9 of of IN 34823 29 10 the the DT 34823 29 11 book book NN 34823 29 12 is be VBZ 34823 29 13 made make VBN 34823 29 14 the the DT 34823 29 15 basis basis NN 34823 29 16 for for IN 34823 29 17 a a DT 34823 29 18 " " `` 34823 29 19 reconciliation reconciliation NN 34823 29 20 " " '' 34823 29 21 of of IN 34823 29 22 " " `` 34823 29 23 statics static NNS 34823 29 24 " " '' 34823 29 25 and and CC 34823 29 26 " " `` 34823 29 27 dynamics dynamic NNS 34823 29 28 " " '' 34823 29 29 in in IN 34823 29 30 economic economic JJ 34823 29 31 theory theory NN 34823 29 32 -- -- : 34823 29 33 an an DT 34823 29 34 effort effort NN 34823 29 35 to to TO 34823 29 36 bring bring VB 34823 29 37 together together RB 34823 29 38 the the DT 34823 29 39 abstract abstract JJ 34823 29 40 theory theory NN 34823 29 41 of of IN 34823 29 42 price price NN 34823 29 43 ( ( -LRB- 34823 29 44 _ _ NNP 34823 29 45 i i PRP 34823 29 46 . . . 34823 30 1 e. e. NNP 34823 30 2 _ _ NNP 34823 30 3 , , , 34823 30 4 " " `` 34823 30 5 statics statics NNP 34823 30 6 " " '' 34823 30 7 ) ) -RRB- 34823 30 8 which which WDT 34823 30 9 has have VBZ 34823 30 10 hitherto hitherto VBN 34823 30 11 chiefly chiefly RB 34823 30 12 busied busied JJ 34823 30 13 economists economist NNS 34823 30 14 , , , 34823 30 15 and and CC 34823 30 16 the the DT 34823 30 17 more more RBR 34823 30 18 realistic realistic JJ 34823 30 19 studies study NNS 34823 30 20 of of IN 34823 30 21 economic economic JJ 34823 30 22 change change NN 34823 30 23 ( ( -LRB- 34823 30 24 _ _ NNP 34823 30 25 i i PRP 34823 30 26 . . . 34823 31 1 e. e. NNP 34823 31 2 _ _ NNP 34823 31 3 " " `` 34823 31 4 dynamics dynamic NNS 34823 31 5 " " '' 34823 31 6 ) ) -RRB- 34823 31 7 to to TO 34823 31 8 which which WDT 34823 31 9 a a DT 34823 31 10 smaller small JJR 34823 31 11 number number NN 34823 31 12 of of IN 34823 31 13 economists economist NNS 34823 31 14 have have VBP 34823 31 15 given give VBN 34823 31 16 their -PRON- PRP$ 34823 31 17 attention attention NN 34823 31 18 . . . 34823 32 1 These these DT 34823 32 2 two two CD 34823 32 3 bodies body NNS 34823 32 4 of of IN 34823 32 5 doctrine doctrine NN 34823 32 6 have have VBP 34823 32 7 hitherto hitherto VBN 34823 32 8 had have VBN 34823 32 9 little little JJ 34823 32 10 connection connection NN 34823 32 11 , , , 34823 32 12 and and CC 34823 32 13 the the DT 34823 32 14 science science NN 34823 32 15 of of IN 34823 32 16 economics economic NNS 34823 32 17 has have VBZ 34823 32 18 suffered suffer VBN 34823 32 19 as as IN 34823 32 20 a a DT 34823 32 21 consequence consequence NN 34823 32 22 . . . 34823 33 1 This this DT 34823 33 2 book book NN 34823 33 3 was be VBD 34823 33 4 not not RB 34823 33 5 written write VBN 34823 33 6 with with IN 34823 33 7 the the DT 34823 33 8 college college NN 34823 33 9 student student NN 34823 33 10 primarily primarily RB 34823 33 11 in in IN 34823 33 12 mind mind NN 34823 33 13 . . . 34823 34 1 None none NN 34823 34 2 the the DT 34823 34 3 less less JJR 34823 34 4 , , , 34823 34 5 I -PRON- PRP 34823 34 6 incline incline VBP 34823 34 7 to to IN 34823 34 8 the the DT 34823 34 9 view view NN 34823 34 10 that that IN 34823 34 11 the the DT 34823 34 12 book book NN 34823 34 13 , , , 34823 34 14 with with IN 34823 34 15 the the DT 34823 34 16 exception exception NN 34823 34 17 of of IN 34823 34 18 the the DT 34823 34 19 chapter chapter NN 34823 34 20 on on IN 34823 34 21 " " `` 34823 34 22 Marginal Marginal NNP 34823 34 23 Utility Utility NNP 34823 34 24 , , , 34823 34 25 " " '' 34823 34 26 is be VBZ 34823 34 27 suitable suitable JJ 34823 34 28 for for IN 34823 34 29 use use NN 34823 34 30 as as IN 34823 34 31 a a DT 34823 34 32 text text NN 34823 34 33 with with IN 34823 34 34 juniors junior NNS 34823 34 35 and and CC 34823 34 36 seniors senior NNS 34823 34 37 in in IN 34823 34 38 money money NN 34823 34 39 and and CC 34823 34 40 banking banking NN 34823 34 41 , , , 34823 34 42 if if IN 34823 34 43 supplemented supplement VBN 34823 34 44 by by IN 34823 34 45 some some DT 34823 34 46 general general JJ 34823 34 47 descriptive descriptive JJ 34823 34 48 and and CC 34823 34 49 historical historical JJ 34823 34 50 book book NN 34823 34 51 on on IN 34823 34 52 the the DT 34823 34 53 subject subject NN 34823 34 54 , , , 34823 34 55 and and CC 34823 34 56 that that IN 34823 34 57 the the DT 34823 34 58 whole whole JJ 34823 34 59 book book NN 34823 34 60 may may MD 34823 34 61 very very RB 34823 34 62 well well RB 34823 34 63 be be VB 34823 34 64 used use VBN 34823 34 65 with with IN 34823 34 66 such such JJ 34823 34 67 students student NNS 34823 34 68 in in IN 34823 34 69 advanced advanced JJ 34823 34 70 courses course NNS 34823 34 71 in in IN 34823 34 72 economic economic JJ 34823 34 73 theory theory NN 34823 34 74 . . . 34823 35 1 I -PRON- PRP 34823 35 2 think think VBP 34823 35 3 that that IN 34823 35 4 bankers banker NNS 34823 35 5 , , , 34823 35 6 brokers broker NNS 34823 35 7 , , , 34823 35 8 and and CC 34823 35 9 other other JJ 34823 35 10 business business NN 34823 35 11 men man NNS 34823 35 12 who who WP 34823 35 13 are be VBP 34823 35 14 interested interested JJ 34823 35 15 in in IN 34823 35 16 the the DT 34823 35 17 general general JJ 34823 35 18 problems problem NNS 34823 35 19 of of IN 34823 35 20 money money NN 34823 35 21 , , , 34823 35 22 trade trade NN 34823 35 23 , , , 34823 35 24 speculation speculation NN 34823 35 25 and and CC 34823 35 26 credit credit NN 34823 35 27 , , , 34823 35 28 will will MD 34823 35 29 find find VB 34823 35 30 the the DT 34823 35 31 book book NN 34823 35 32 of of IN 34823 35 33 use use NN 34823 35 34 . . . 34823 36 1 Naturally naturally RB 34823 36 2 , , , 34823 36 3 however however RB 34823 36 4 , , , 34823 36 5 it -PRON- PRP 34823 36 6 is be VBZ 34823 36 7 my -PRON- PRP$ 34823 36 8 hope hope NN 34823 36 9 that that IN 34823 36 10 the the DT 34823 36 11 special special JJ 34823 36 12 student student NN 34823 36 13 of of IN 34823 36 14 money money NN 34823 36 15 and and CC 34823 36 16 banking banking NN 34823 36 17 , , , 34823 36 18 and and CC 34823 36 19 the the DT 34823 36 20 special special JJ 34823 36 21 student student NN 34823 36 22 of of IN 34823 36 23 economic economic JJ 34823 36 24 theory theory NN 34823 36 25 will will MD 34823 36 26 find find VB 34823 36 27 the the DT 34823 36 28 book book NN 34823 36 29 of of IN 34823 36 30 interest interest NN 34823 36 31 . . . 34823 37 1 The the DT 34823 37 2 book book NN 34823 37 3 may may MD 34823 37 4 interest interest VB 34823 37 5 also also RB 34823 37 6 certain certain JJ 34823 37 7 students student NNS 34823 37 8 of of IN 34823 37 9 philosophy philosophy NN 34823 37 10 and and CC 34823 37 11 sociology sociology NN 34823 37 12 , , , 34823 37 13 who who WP 34823 37 14 are be VBP 34823 37 15 concerned concern VBN 34823 37 16 with with IN 34823 37 17 the the DT 34823 37 18 applications application NNS 34823 37 19 of of IN 34823 37 20 philosophy philosophy NN 34823 37 21 and and CC 34823 37 22 social social JJ 34823 37 23 philosophy philosophy NN 34823 37 24 to to IN 34823 37 25 concrete concrete JJ 34823 37 26 problems problem NNS 34823 37 27 . . . 34823 38 1 My -PRON- PRP$ 34823 38 2 obligations obligation NNS 34823 38 3 to to IN 34823 38 4 others other NNS 34823 38 5 , , , 34823 38 6 running run VBG 34823 38 7 through through IN 34823 38 8 a a DT 34823 38 9 good good JJ 34823 38 10 many many JJ 34823 38 11 years year NNS 34823 38 12 , , , 34823 38 13 are be VBP 34823 38 14 very very RB 34823 38 15 great great JJ 34823 38 16 . . . 34823 39 1 With with IN 34823 39 2 Professor Professor NNP 34823 39 3 E. E. NNP 34823 39 4 E. E. NNP 34823 39 5 Agger Agger NNP 34823 39 6 , , , 34823 39 7 I -PRON- PRP 34823 39 8 talked talk VBD 34823 39 9 over over IN 34823 39 10 very very RB 34823 39 11 many many JJ 34823 39 12 of of IN 34823 39 13 the the DT 34823 39 14 problems problem NNS 34823 39 15 here here RB 34823 39 16 discussed discuss VBN 34823 39 17 , , , 34823 39 18 in in IN 34823 39 19 the the DT 34823 39 20 course course NN 34823 39 21 of of IN 34823 39 22 two two CD 34823 39 23 years year NNS 34823 39 24 of of IN 34823 39 25 close close JJ 34823 39 26 association association NN 34823 39 27 at at IN 34823 39 28 Columbia Columbia NNP 34823 39 29 University University NNP 34823 39 30 , , , 34823 39 31 and and CC 34823 39 32 gained gain VBD 34823 39 33 very very RB 34823 39 34 much much RB 34823 39 35 from from IN 34823 39 36 his -PRON- PRP$ 34823 39 37 suggestions suggestion NNS 34823 39 38 and and CC 34823 39 39 criticisms criticism NNS 34823 39 40 . . . 34823 40 1 Professor Professor NNP 34823 40 2 E. E. NNP 34823 40 3 R. R. NNP 34823 40 4 A. A. NNP 34823 40 5 Seligman Seligman NNP 34823 40 6 has have VBZ 34823 40 7 read read VBN 34823 40 8 portions portion NNS 34823 40 9 of of IN 34823 40 10 the the DT 34823 40 11 manuscript manuscript NN 34823 40 12 , , , 34823 40 13 and and CC 34823 40 14 given give VBN 34823 40 15 valuable valuable JJ 34823 40 16 advice advice NN 34823 40 17 . . . 34823 41 1 Professor Professor NNP 34823 41 2 H. H. NNP 34823 41 3 J. J. NNP 34823 41 4 Davenport Davenport NNP 34823 41 5 has have VBZ 34823 41 6 given give VBN 34823 41 7 the the DT 34823 41 8 first first JJ 34823 41 9 draft draft NN 34823 41 10 an an DT 34823 41 11 exceedingly exceedingly RB 34823 41 12 careful careful JJ 34823 41 13 reading reading NN 34823 41 14 , , , 34823 41 15 and and CC 34823 41 16 his -PRON- PRP$ 34823 41 17 criticisms criticism NNS 34823 41 18 have have VBP 34823 41 19 been be VBN 34823 41 20 especially especially RB 34823 41 21 helpful helpful JJ 34823 41 22 . . . 34823 42 1 Professor Professor NNP 34823 42 2 Jesse Jesse NNP 34823 42 3 E. E. NNP 34823 42 4 Pope Pope NNP 34823 42 5 supervised supervise VBD 34823 42 6 my -PRON- PRP$ 34823 42 7 investigations investigation NNS 34823 42 8 in in IN 34823 42 9 the the DT 34823 42 10 quantity quantity NN 34823 42 11 theory theory NN 34823 42 12 of of IN 34823 42 13 money money NN 34823 42 14 in in IN 34823 42 15 1904 1904 CD 34823 42 16 - - SYM 34823 42 17 5 5 CD 34823 42 18 , , , 34823 42 19 in in IN 34823 42 20 his -PRON- PRP$ 34823 42 21 seminar seminar NN 34823 42 22 at at IN 34823 42 23 the the DT 34823 42 24 University University NNP 34823 42 25 of of IN 34823 42 26 Missouri Missouri NNP 34823 42 27 , , , 34823 42 28 and and CC 34823 42 29 gave give VBD 34823 42 30 me -PRON- PRP 34823 42 31 invaluable invaluable JJ 34823 42 32 guidance guidance NN 34823 42 33 in in IN 34823 42 34 the the DT 34823 42 35 general general JJ 34823 42 36 theory theory NN 34823 42 37 of of IN 34823 42 38 money money NN 34823 42 39 and and CC 34823 42 40 credit credit NN 34823 42 41 then then RB 34823 42 42 . . . 34823 43 1 More more RBR 34823 43 2 recently recently RB 34823 43 3 , , , 34823 43 4 his -PRON- PRP$ 34823 43 5 intimate intimate JJ 34823 43 6 first first JJ 34823 43 7 hand hand NN 34823 43 8 knowledge knowledge NN 34823 43 9 of of IN 34823 43 10 European european JJ 34823 43 11 and and CC 34823 43 12 American american JJ 34823 43 13 conditions condition NNS 34823 43 14 , , , 34823 43 15 both both CC 34823 43 16 in in IN 34823 43 17 agricultural agricultural JJ 34823 43 18 credit credit NN 34823 43 19 and and CC 34823 43 20 in in IN 34823 43 21 general general JJ 34823 43 22 banking banking NN 34823 43 23 , , , 34823 43 24 has have VBZ 34823 43 25 been be VBN 34823 43 26 of of IN 34823 43 27 great great JJ 34823 43 28 service service NN 34823 43 29 to to IN 34823 43 30 me -PRON- PRP 34823 43 31 . . . 34823 44 1 Mr. Mr. NNP 34823 44 2 N. N. NNP 34823 44 3 J. J. NNP 34823 44 4 Silberling Silberling NNP 34823 44 5 , , , 34823 44 6 of of IN 34823 44 7 the the DT 34823 44 8 Department Department NNP 34823 44 9 of of IN 34823 44 10 Economics Economics NNP 34823 44 11 at at IN 34823 44 12 Harvard Harvard NNP 34823 44 13 University University NNP 34823 44 14 , , , 34823 44 15 has have VBZ 34823 44 16 been be VBN 34823 44 17 helpful helpful JJ 34823 44 18 in in IN 34823 44 19 various various JJ 34823 44 20 ways way NNS 34823 44 21 , , , 34823 44 22 particularly particularly RB 34823 44 23 by by IN 34823 44 24 making make VBG 34823 44 25 certain certain JJ 34823 44 26 statistical statistical JJ 34823 44 27 investigations investigation NNS 34823 44 28 , , , 34823 44 29 to to TO 34823 44 30 which which WDT 34823 44 31 reference reference NN 34823 44 32 will will MD 34823 44 33 be be VB 34823 44 34 made make VBN 34823 44 35 in in IN 34823 44 36 the the DT 34823 44 37 text text NN 34823 44 38 , , , 34823 44 39 at at IN 34823 44 40 my -PRON- PRP$ 34823 44 41 request request NN 34823 44 42 . . . 34823 45 1 Various various JJ 34823 45 2 bankers banker NNS 34823 45 3 , , , 34823 45 4 brokers broker NNS 34823 45 5 , , , 34823 45 6 and and CC 34823 45 7 others other NNS 34823 45 8 closely closely RB 34823 45 9 in in IN 34823 45 10 touch touch NN 34823 45 11 with with IN 34823 45 12 the the DT 34823 45 13 subjects subject NNS 34823 45 14 here here RB 34823 45 15 discussed discuss VBN 34823 45 16 have have VBP 34823 45 17 been be VBN 34823 45 18 more more JJR 34823 45 19 than than IN 34823 45 20 generous generous JJ 34823 45 21 in in IN 34823 45 22 supplying supply VBG 34823 45 23 needed needed JJ 34823 45 24 information information NN 34823 45 25 . . . 34823 46 1 Among among IN 34823 46 2 these these DT 34823 46 3 may may MD 34823 46 4 be be VB 34823 46 5 especially especially RB 34823 46 6 mentioned mention VBN 34823 46 7 Mr. Mr. NNP 34823 46 8 Byron Byron NNP 34823 46 9 W. W. NNP 34823 46 10 Holt Holt NNP 34823 46 11 , , , 34823 46 12 of of IN 34823 46 13 New New NNP 34823 46 14 York York NNP 34823 46 15 , , , 34823 46 16 Mr. Mr. NNP 34823 46 17 Osmund Osmund NNP 34823 46 18 Phillips Phillips NNP 34823 46 19 , , , 34823 46 20 Editor Editor NNP 34823 46 21 of of IN 34823 46 22 the the DT 34823 46 23 _ _ NNP 34823 46 24 Annalist Annalist NNP 34823 46 25 _ _ NNP 34823 46 26 and and CC 34823 46 27 Financial Financial NNP 34823 46 28 Editor Editor NNP 34823 46 29 of of IN 34823 46 30 the the DT 34823 46 31 _ _ NNP 34823 46 32 New New NNP 34823 46 33 York York NNP 34823 46 34 Times Times NNP 34823 46 35 _ _ NNP 34823 46 36 , , , 34823 46 37 Messrs. Messrs. NNP 34823 46 38 L. L. NNP 34823 46 39 H. H. NNP 34823 46 40 Parkhurst Parkhurst NNP 34823 46 41 and and CC 34823 46 42 W. W. NNP 34823 46 43 B. B. NNP 34823 46 44 Donham Donham NNP 34823 46 45 , , , 34823 46 46 of of IN 34823 46 47 the the DT 34823 46 48 Old Old NNP 34823 46 49 Colony Colony NNP 34823 46 50 Trust Trust NNP 34823 46 51 Company Company NNP 34823 46 52 in in IN 34823 46 53 Boston Boston NNP 34823 46 54 , , , 34823 46 55 various various JJ 34823 46 56 gentlemen gentleman NNS 34823 46 57 in in IN 34823 46 58 the the DT 34823 46 59 offices office NNS 34823 46 60 of of IN 34823 46 61 Charles Charles NNP 34823 46 62 Head Head NNP 34823 46 63 & & CC 34823 46 64 Co. Co. NNP 34823 46 65 , , , 34823 46 66 and and CC 34823 46 67 Pearmain Pearmain NNP 34823 46 68 and and CC 34823 46 69 Brooks Brooks NNP 34823 46 70 , , , 34823 46 71 in in IN 34823 46 72 Boston Boston NNP 34823 46 73 , , , 34823 46 74 Mr. Mr. NNP 34823 46 75 B. B. NNP 34823 46 76 F. F. NNP 34823 46 77 Smith Smith NNP 34823 46 78 , , , 34823 46 79 of of IN 34823 46 80 the the DT 34823 46 81 Cambridge Cambridge NNP 34823 46 82 Trust Trust NNP 34823 46 83 Company Company NNP 34823 46 84 , , , 34823 46 85 Mr. Mr. NNP 34823 46 86 W. W. NNP 34823 46 87 H. H. NNP 34823 46 88 Aborn Aborn NNP 34823 46 89 , , , 34823 46 90 Coffee Coffee NNP 34823 46 91 Broker Broker NNP 34823 46 92 , , , 34823 46 93 New New NNP 34823 46 94 York York NNP 34823 46 95 , , , 34823 46 96 Mr. Mr. NNP 34823 46 97 Burton Burton NNP 34823 46 98 Thompson Thompson NNP 34823 46 99 , , , 34823 46 100 Real Real NNP 34823 46 101 Estate Estate NNP 34823 46 102 Broker Broker NNP 34823 46 103 , , , 34823 46 104 New New NNP 34823 46 105 York York NNP 34823 46 106 , , , 34823 46 107 Mr. Mr. NNP 34823 46 108 Jas Jas NNP 34823 46 109 . . . 34823 47 1 H. H. NNP 34823 47 2 Taylor Taylor NNP 34823 47 3 , , , 34823 47 4 Treasurer Treasurer NNP 34823 47 5 of of IN 34823 47 6 the the DT 34823 47 7 New New NNP 34823 47 8 York York NNP 34823 47 9 Coffee Coffee NNP 34823 47 10 Exchange Exchange NNP 34823 47 11 , , , 34823 47 12 Mr. Mr. NNP 34823 47 13 J. J. NNP 34823 47 14 C. C. NNP 34823 47 15 T. T. NNP 34823 47 16 Merrill Merrill NNP 34823 47 17 , , , 34823 47 18 Secretary Secretary NNP 34823 47 19 of of IN 34823 47 20 the the DT 34823 47 21 Chicago Chicago NNP 34823 47 22 Board Board NNP 34823 47 23 of of IN 34823 47 24 Trade Trade NNP 34823 47 25 , , , 34823 47 26 DeCoppet DeCoppet NNP 34823 47 27 and and CC 34823 47 28 Doremus Doremus NNP 34823 47 29 , , , 34823 47 30 New New NNP 34823 47 31 York York NNP 34823 47 32 , , , 34823 47 33 and and CC 34823 47 34 Mr. Mr. NNP 34823 47 35 F. F. NNP 34823 47 36 I. I. NNP 34823 47 37 Kent Kent NNP 34823 47 38 , , , 34823 47 39 Vice Vice NNP 34823 47 40 President President NNP 34823 47 41 of of IN 34823 47 42 the the DT 34823 47 43 Bankers Bankers NNPS 34823 47 44 Trust Trust NNP 34823 47 45 Company Company NNP 34823 47 46 , , , 34823 47 47 New New NNP 34823 47 48 York York NNP 34823 47 49 . . . 34823 48 1 My -PRON- PRP$ 34823 48 2 greatest great JJS 34823 48 3 obligations obligation NNS 34823 48 4 are be VBP 34823 48 5 to to IN 34823 48 6 two two CD 34823 48 7 colleagues colleague NNS 34823 48 8 at at IN 34823 48 9 Harvard Harvard NNP 34823 48 10 University University NNP 34823 48 11 . . . 34823 49 1 Professor Professor NNP 34823 49 2 F. F. NNP 34823 49 3 W. W. NNP 34823 49 4 Taussig Taussig NNP 34823 49 5 has have VBZ 34823 49 6 given give VBN 34823 49 7 the the DT 34823 49 8 manuscript manuscript NN 34823 49 9 very very RB 34823 49 10 careful careful JJ 34823 49 11 consideration consideration NN 34823 49 12 , , , 34823 49 13 from from IN 34823 49 14 the the DT 34823 49 15 standpoint standpoint NN 34823 49 16 of of IN 34823 49 17 style style NN 34823 49 18 as as RB 34823 49 19 well well RB 34823 49 20 as as IN 34823 49 21 of of IN 34823 49 22 doctrine doctrine NN 34823 49 23 , , , 34823 49 24 and and CC 34823 49 25 has have VBZ 34823 49 26 discussed discuss VBN 34823 49 27 many many JJ 34823 49 28 problems problem NNS 34823 49 29 with with IN 34823 49 30 me -PRON- PRP 34823 49 31 in in IN 34823 49 32 detail detail NN 34823 49 33 . . . 34823 50 1 Professor Professor NNP 34823 50 2 O. O. NNP 34823 50 3 M. M. NNP 34823 50 4 W. W. NNP 34823 50 5 Sprague Sprague NNP 34823 50 6 has have VBZ 34823 50 7 placed place VBN 34823 50 8 freely freely RB 34823 50 9 at at IN 34823 50 10 my -PRON- PRP$ 34823 50 11 service service NN 34823 50 12 his -PRON- PRP$ 34823 50 13 rich rich JJ 34823 50 14 store store NN 34823 50 15 of of IN 34823 50 16 practical practical JJ 34823 50 17 knowledge knowledge NN 34823 50 18 of of IN 34823 50 19 virtually virtually RB 34823 50 20 every every DT 34823 50 21 phase phase NN 34823 50 22 of of IN 34823 50 23 modern modern JJ 34823 50 24 money money NN 34823 50 25 and and CC 34823 50 26 banking banking NN 34823 50 27 , , , 34823 50 28 and and CC 34823 50 29 has have VBZ 34823 50 30 read read VBN 34823 50 31 critically critically RB 34823 50 32 every every DT 34823 50 33 page page NN 34823 50 34 of of IN 34823 50 35 the the DT 34823 50 36 manuscript manuscript NN 34823 50 37 . . . 34823 51 1 None none NN 34823 51 2 of of IN 34823 51 3 these these DT 34823 51 4 gentlemen gentleman NNS 34823 51 5 , , , 34823 51 6 of of IN 34823 51 7 course course NN 34823 51 8 , , , 34823 51 9 is be VBZ 34823 51 10 to to TO 34823 51 11 be be VB 34823 51 12 held hold VBN 34823 51 13 responsible responsible JJ 34823 51 14 for for IN 34823 51 15 my -PRON- PRP$ 34823 51 16 mistakes mistake NNS 34823 51 17 . . . 34823 52 1 I -PRON- PRP 34823 52 2 also also RB 34823 52 3 make make VBP 34823 52 4 grateful grateful JJ 34823 52 5 acknowledgment acknowledgment NN 34823 52 6 of of IN 34823 52 7 the the DT 34823 52 8 aid aid NN 34823 52 9 and and CC 34823 52 10 sympathy sympathy NN 34823 52 11 of of IN 34823 52 12 my -PRON- PRP$ 34823 52 13 wife wife NN 34823 52 14 . . . 34823 53 1 In in IN 34823 53 2 the the DT 34823 53 3 course course NN 34823 53 4 of of IN 34823 53 5 the the DT 34823 53 6 discussion discussion NN 34823 53 7 , , , 34823 53 8 frequent frequent JJ 34823 53 9 criticisms criticism NNS 34823 53 10 are be VBP 34823 53 11 directed direct VBN 34823 53 12 against against IN 34823 53 13 the the DT 34823 53 14 doctrines doctrine NNS 34823 53 15 of of IN 34823 53 16 Professors Professors NNPS 34823 53 17 E. E. NNP 34823 53 18 W. W. NNP 34823 53 19 Kemmerer Kemmerer NNP 34823 53 20 and and CC 34823 53 21 Irving Irving NNP 34823 53 22 Fisher Fisher NNP 34823 53 23 , , , 34823 53 24 particularly particularly RB 34823 53 25 the the DT 34823 53 26 latter latter JJ 34823 53 27 , , , 34823 53 28 as as IN 34823 53 29 the the DT 34823 53 30 chief chief JJ 34823 53 31 representatives representative NNS 34823 53 32 of of IN 34823 53 33 the the DT 34823 53 34 present present JJ 34823 53 35 day day NN 34823 53 36 formulation formulation NN 34823 53 37 of of IN 34823 53 38 the the DT 34823 53 39 quantity quantity NN 34823 53 40 theory theory NN 34823 53 41 . . . 34823 54 1 Both both CC 34823 54 2 their -PRON- PRP$ 34823 54 3 theories theory NNS 34823 54 4 and and CC 34823 54 5 their -PRON- PRP$ 34823 54 6 statistics statistic NNS 34823 54 7 are be VBP 34823 54 8 fundamentally fundamentally RB 34823 54 9 criticised criticise VBN 34823 54 10 . . . 34823 55 1 I -PRON- PRP 34823 55 2 find find VBP 34823 55 3 myself -PRON- PRP 34823 55 4 in in IN 34823 55 5 radical radical JJ 34823 55 6 dissent dissent NN 34823 55 7 on on IN 34823 55 8 all all PDT 34823 55 9 the the DT 34823 55 10 main main JJ 34823 55 11 these these DT 34823 55 12 s s NNP 34823 55 13 of of IN 34823 55 14 Professor Professor NNP 34823 55 15 Fisher Fisher NNP 34823 55 16 's 's POS 34823 55 17 _ _ NNP 34823 55 18 Purchasing Purchasing NNP 34823 55 19 Power Power NNP 34823 55 20 of of IN 34823 55 21 Money Money NNP 34823 55 22 _ _ NNP 34823 55 23 , , , 34823 55 24 and and CC 34823 55 25 at at IN 34823 55 26 very very RB 34823 55 27 many many JJ 34823 55 28 points point NNS 34823 55 29 of of IN 34823 55 30 detail detail NN 34823 55 31 . . . 34823 56 1 To to IN 34823 56 2 a a DT 34823 56 3 less less JJR 34823 56 4 degree degree NN 34823 56 5 , , , 34823 56 6 I -PRON- PRP 34823 56 7 find find VBP 34823 56 8 myself -PRON- PRP 34823 56 9 unable unable JJ 34823 56 10 to to TO 34823 56 11 concur concur VB 34823 56 12 with with IN 34823 56 13 Professor Professor NNP 34823 56 14 Kemmerer Kemmerer NNP 34823 56 15 . . . 34823 57 1 But but CC 34823 57 2 I -PRON- PRP 34823 57 3 should should MD 34823 57 4 be be VB 34823 57 5 sorry sorry JJ 34823 57 6 if if IN 34823 57 7 the the DT 34823 57 8 reader reader NN 34823 57 9 should should MD 34823 57 10 feel feel VB 34823 57 11 that that IN 34823 57 12 I -PRON- PRP 34823 57 13 fail fail VBP 34823 57 14 to to TO 34823 57 15 recognize recognize VB 34823 57 16 the the DT 34823 57 17 distinguished distinguished JJ 34823 57 18 services service NNS 34823 57 19 which which WDT 34823 57 20 both both DT 34823 57 21 of of IN 34823 57 22 these these DT 34823 57 23 writers writer NNS 34823 57 24 have have VBP 34823 57 25 performed perform VBN 34823 57 26 for for IN 34823 57 27 the the DT 34823 57 28 scientific scientific JJ 34823 57 29 study study NN 34823 57 30 of of IN 34823 57 31 money money NN 34823 57 32 and and CC 34823 57 33 banking banking NN 34823 57 34 , , , 34823 57 35 or or CC 34823 57 36 should should MD 34823 57 37 feel feel VB 34823 57 38 that that IN 34823 57 39 dissent dissent NN 34823 57 40 precludes preclude NNS 34823 57 41 admiration admiration NN 34823 57 42 . . . 34823 58 1 I -PRON- PRP 34823 58 2 acknowledge acknowledge VBP 34823 58 3 my -PRON- PRP$ 34823 58 4 own own JJ 34823 58 5 indebtedness indebtedness NN 34823 58 6 to to IN 34823 58 7 both both DT 34823 58 8 , , , 34823 58 9 not not RB 34823 58 10 alone alone JJ 34823 58 11 for for IN 34823 58 12 the the DT 34823 58 13 gain gain NN 34823 58 14 which which WDT 34823 58 15 comes come VBZ 34823 58 16 from from IN 34823 58 17 having have VBG 34823 58 18 an an DT 34823 58 19 opposing oppose VBG 34823 58 20 view view NN 34823 58 21 clearly clearly RB 34823 58 22 defined define VBN 34823 58 23 and and CC 34823 58 24 ably ably RB 34823 58 25 presented present VBN 34823 58 26 , , , 34823 58 27 but but CC 34823 58 28 also also RB 34823 58 29 for for IN 34823 58 30 much much JJ 34823 58 31 information information NN 34823 58 32 and and CC 34823 58 33 many many JJ 34823 58 34 new new JJ 34823 58 35 ideas idea NNS 34823 58 36 . . . 34823 59 1 My -PRON- PRP$ 34823 59 2 general general JJ 34823 59 3 doctrinal doctrinal JJ 34823 59 4 obligations obligation NNS 34823 59 5 in in IN 34823 59 6 the the DT 34823 59 7 theory theory NN 34823 59 8 of of IN 34823 59 9 money money NN 34823 59 10 and and CC 34823 59 11 credit credit NN 34823 59 12 are be VBP 34823 59 13 far far RB 34823 59 14 too too RB 34823 59 15 numerous numerous JJ 34823 59 16 to to TO 34823 59 17 mention mention VB 34823 59 18 in in IN 34823 59 19 a a DT 34823 59 20 preface preface NN 34823 59 21 . . . 34823 60 1 My -PRON- PRP$ 34823 60 2 greatest great JJS 34823 60 3 debt debt NN 34823 60 4 in in IN 34823 60 5 general general JJ 34823 60 6 economic economic JJ 34823 60 7 theory theory NN 34823 60 8 is be VBZ 34823 60 9 to to IN 34823 60 10 Professor Professor NNP 34823 60 11 J. J. NNP 34823 61 1 B. B. NNP 34823 61 2 Clark Clark NNP 34823 61 3 . . . 34823 62 1 B. B. NNP 34823 62 2 M. M. NNP 34823 62 3 ANDERSON ANDERSON NNP 34823 62 4 , , , 34823 62 5 JR JR NNP 34823 62 6 . . . 34823 62 7 HARVARD HARVARD NNP 34823 62 8 UNIVERSITY UNIVERSITY NNP 34823 62 9 , , , 34823 62 10 March March NNP 34823 62 11 31 31 CD 34823 62 12 , , , 34823 62 13 1917 1917 CD 34823 62 14 . . . 34823 63 1 ANALYTICAL analytical NN 34823 63 2 TABLE TABLE NNS 34823 63 3 OF of IN 34823 63 4 CONTENTS content NNS 34823 63 5 _ _ NNP 34823 63 6 PART PART NNP 34823 63 7 I. I. NNP 34823 64 1 THE the DT 34823 64 2 VALUE value NN 34823 64 3 OF of IN 34823 64 4 MONEY money NN 34823 64 5 AND and CC 34823 64 6 THE the DT 34823 64 7 GENERAL GENERAL NNP 34823 64 8 THEORY THEORY NNS 34823 64 9 OF of IN 34823 64 10 VALUE VALUE NNP 34823 64 11 _ _ NNP 34823 64 12 CHAPTER CHAPTER NNP 34823 64 13 I -PRON- PRP 34823 64 14 ECONOMIC economic VBP 34823 64 15 VALUE value NN 34823 64 16 PAGE page NN 34823 64 17 Problem problem NN 34823 64 18 of of IN 34823 64 19 value value NN 34823 64 20 of of IN 34823 64 21 money money NN 34823 64 22 special special JJ 34823 64 23 case case NN 34823 64 24 of of IN 34823 64 25 general general JJ 34823 64 26 theory theory NN 34823 64 27 of of IN 34823 64 28 value value NN 34823 64 29 ; ; , 34823 64 30 present present JJ 34823 64 31 chapter chapter NN 34823 64 32 concerned concern VBN 34823 64 33 with with IN 34823 64 34 general general JJ 34823 64 35 theory theory NN 34823 64 36 1 1 CD 34823 64 37 Formal formal JJ 34823 64 38 and and CC 34823 64 39 logical logical JJ 34823 64 40 aspects aspect NNS 34823 64 41 of of IN 34823 64 42 value value NN 34823 64 43 : : : 34823 64 44 value value NN 34823 64 45 as as IN 34823 64 46 quality quality NN 34823 64 47 ; ; : 34823 64 48 value value NN 34823 64 49 as as IN 34823 64 50 quantity quantity NN 34823 64 51 ; ; : 34823 64 52 value value NN 34823 64 53 and and CC 34823 64 54 wealth wealth NN 34823 64 55 5 5 CD 34823 64 56 - - SYM 34823 64 57 6 6 CD 34823 64 58 Absolute Absolute NNP 34823 64 59 _ _ NNP 34823 64 60 vs. vs. IN 34823 64 61 _ _ NNP 34823 64 62 relative relative JJ 34823 64 63 conceptions conception NNS 34823 64 64 of of IN 34823 64 65 value value NN 34823 64 66 : : : 34823 64 67 value value NN 34823 64 68 of of IN 34823 64 69 money money NN 34823 64 70 _ _ NNP 34823 64 71 vs. vs. IN 34823 64 72 _ _ NNP 34823 64 73 " " `` 34823 64 74 reciprocal reciprocal JJ 34823 64 75 of of IN 34823 64 76 price price NN 34823 64 77 - - HYPH 34823 64 78 level level NN 34823 64 79 " " '' 34823 64 80 ; ; : 34823 64 81 value value NN 34823 64 82 prior prior RB 34823 64 83 to to IN 34823 64 84 exchange exchange NN 34823 64 85 ; ; : 34823 64 86 value value NN 34823 64 87 and and CC 34823 64 88 exchangeability exchangeability NN 34823 64 89 ; ; : 34823 64 90 do do VB 34823 64 91 prices price NNS 34823 64 92 correctly correctly RB 34823 64 93 express express VB 34823 64 94 values value NNS 34823 64 95 ? ? . 34823 65 1 6 6 CD 34823 65 2 - - SYM 34823 65 3 12 12 CD 34823 65 4 Doctrine Doctrine NNP 34823 65 5 so so RB 34823 65 6 far far RB 34823 65 7 in in IN 34823 65 8 accord accord NN 34823 65 9 with with IN 34823 65 10 main main JJ 34823 65 11 current current NN 34823 65 12 of of IN 34823 65 13 economic economic JJ 34823 65 14 opinion opinion NN 34823 65 15 12 12 CD 34823 65 16 - - SYM 34823 65 17 14 14 CD 34823 65 18 Causal causal JJ 34823 65 19 theory theory NN 34823 65 20 of of IN 34823 65 21 value value NN 34823 65 22 new new JJ 34823 65 23 : : : 34823 65 24 marginal marginal JJ 34823 65 25 utility utility NN 34823 65 26 , , , 34823 65 27 labor labor NN 34823 65 28 theory theory NN 34823 65 29 , , , 34823 65 30 etc etc FW 34823 65 31 . . . 34823 65 32 , , , 34823 65 33 rejected reject VBD 34823 65 34 14 14 CD 34823 65 35 - - SYM 34823 65 36 16 16 CD 34823 65 37 Social Social NNP 34823 65 38 explanation explanation NN 34823 65 39 required require VBD 34823 65 40 : : : 34823 65 41 " " `` 34823 65 42 individual individual JJ 34823 65 43 " " '' 34823 65 44 a a DT 34823 65 45 social social JJ 34823 65 46 product product NN 34823 65 47 , , , 34823 65 48 both both CC 34823 65 49 in in IN 34823 65 50 history history NN 34823 65 51 of of IN 34823 65 52 individual individual NN 34823 65 53 and and CC 34823 65 54 in in IN 34823 65 55 history history NN 34823 65 56 of of IN 34823 65 57 race race NN 34823 65 58 16 16 CD 34823 65 59 - - SYM 34823 65 60 19 19 CD 34823 65 61 And and CC 34823 65 62 above above IN 34823 65 63 individual individual JJ 34823 65 64 impersonal impersonal JJ 34823 65 65 psychic psychic JJ 34823 65 66 forces force NNS 34823 65 67 , , , 34823 65 68 law law NN 34823 65 69 , , , 34823 65 70 public public JJ 34823 65 71 opinion opinion NN 34823 65 72 , , , 34823 65 73 morality morality NN 34823 65 74 , , , 34823 65 75 economic economic JJ 34823 65 76 values value NNS 34823 65 77 19 19 CD 34823 65 78 - - SYM 34823 65 79 20 20 CD 34823 65 80 Three three CD 34823 65 81 types type NNS 34823 65 82 of of IN 34823 65 83 theory theory NN 34823 65 84 have have VBP 34823 65 85 dealt deal VBN 34823 65 86 with with IN 34823 65 87 these these DT 34823 65 88 : : : 34823 65 89 theory theory NN 34823 65 90 of of IN 34823 65 91 extra extra JJ 34823 65 92 - - HYPH 34823 65 93 human human JJ 34823 65 94 objective objective JJ 34823 65 95 forces force NNS 34823 65 96 ; ; , 34823 65 97 extreme extreme JJ 34823 65 98 individualism individualism NN 34823 65 99 ; ; , 34823 65 100 social social JJ 34823 65 101 value value NN 34823 65 102 theory theory NN 34823 65 103 20 20 CD 34823 65 104 - - SYM 34823 65 105 21 21 CD 34823 65 106 Illustrated illustrate VBN 34823 65 107 in in IN 34823 65 108 jurisprudence jurisprudence NN 34823 65 109 , , , 34823 65 110 ethics ethic NNS 34823 65 111 , , , 34823 65 112 and and CC 34823 65 113 economic economic JJ 34823 65 114 theory theory NN 34823 65 115 21 21 CD 34823 65 116 - - SYM 34823 65 117 26 26 CD 34823 65 118 Law Law NNP 34823 65 119 , , , 34823 65 120 morals moral NNS 34823 65 121 , , , 34823 65 122 and and CC 34823 65 123 economic economic JJ 34823 65 124 values value NNS 34823 65 125 generically generically RB 34823 65 126 alike alike RB 34823 65 127 , , , 34823 65 128 but but CC 34823 65 129 have have VBP 34823 65 130 _ _ NNP 34823 65 131 differentiæ differentiæ NN 34823 65 132 _ _ NNP 34823 65 133 26 26 CD 34823 65 134 - - SYM 34823 65 135 28 28 CD 34823 65 136 But but CC 34823 65 137 not not RB 34823 65 138 differentiated differentiate VBN 34823 65 139 on on IN 34823 65 140 basis basis NN 34823 65 141 of of IN 34823 65 142 states state NNS 34823 65 143 of of IN 34823 65 144 consciousness consciousness NN 34823 65 145 of of IN 34823 65 146 individual individual NN 34823 65 147 immediately immediately RB 34823 65 148 moved move VBD 34823 65 149 by by IN 34823 65 150 them -PRON- PRP 34823 65 151 , , , 34823 65 152 because because IN 34823 65 153 many many JJ 34823 65 154 minds mind NNS 34823 65 155 in in IN 34823 65 156 organic organic JJ 34823 65 157 interplay interplay NN 34823 65 158 involved involve VBD 34823 65 159 28 28 CD 34823 65 160 - - SYM 34823 65 161 33 33 CD 34823 65 162 Economic economic JJ 34823 65 163 social social JJ 34823 65 164 value value NN 34823 65 165 ( ( -LRB- 34823 65 166 a a NN 34823 65 167 ) ) -RRB- 34823 65 168 of of IN 34823 65 169 consumers consumer NNS 34823 65 170 ' ' POS 34823 65 171 goods good NNS 34823 65 172 and and CC 34823 65 173 services service NNS 34823 65 174 : : : 34823 65 175 " " `` 34823 65 176 utility utility NN 34823 65 177 " " '' 34823 65 178 and and CC 34823 65 179 scarcity scarcity NN 34823 65 180 ; ; : 34823 65 181 " " `` 34823 65 182 marginal marginal JJ 34823 65 183 utility utility NN 34823 65 184 " " '' 34823 65 185 ; ; : 34823 65 186 social social JJ 34823 65 187 explanation explanation NN 34823 65 188 of of IN 34823 65 189 marginal marginal JJ 34823 65 190 utility utility NN 34823 65 191 ; ; , 34823 65 192 marginal marginal JJ 34823 65 193 utilities utility NNS 34823 65 194 the the DT 34823 65 195 conscious conscious JJ 34823 65 196 _ _ NNP 34823 65 197 focus focus NN 34823 65 198 _ _ NNP 34823 65 199 of of IN 34823 65 200 economic economic JJ 34823 65 201 values value NNS 34823 65 202 of of IN 34823 65 203 consumers consumer NNS 34823 65 204 ' ' POS 34823 65 205 goods good NNS 34823 65 206 ; ; : 34823 65 207 but but CC 34823 65 208 only only JJ 34823 65 209 minor minor JJ 34823 65 210 part part NN 34823 65 211 of of IN 34823 65 212 these these DT 34823 65 213 values value NNS 34823 65 214 ; ; , 34823 65 215 individuals individual NNS 34823 65 216 , , , 34823 65 217 classes class NNS 34823 65 218 and and CC 34823 65 219 institutions institution NNS 34823 65 220 heavily heavily RB 34823 65 221 weighted weight VBN 34823 65 222 by by IN 34823 65 223 legal legal JJ 34823 65 224 , , , 34823 65 225 moral moral JJ 34823 65 226 , , , 34823 65 227 and and CC 34823 65 228 other other JJ 34823 65 229 social social JJ 34823 65 230 values value NNS 34823 65 231 , , , 34823 65 232 in in IN 34823 65 233 power power NN 34823 65 234 over over IN 34823 65 235 economic economic JJ 34823 65 236 values value NNS 34823 65 237 of of IN 34823 65 238 consumers consumer NNS 34823 65 239 ' ' POS 34823 65 240 goods good NNS 34823 65 241 33 33 CD 34823 65 242 - - SYM 34823 65 243 38 38 CD 34823 65 244 Economic economic JJ 34823 65 245 social social JJ 34823 65 246 value value NN 34823 65 247 ( ( -LRB- 34823 65 248 b b NN 34823 65 249 ) ) -RRB- 34823 65 250 of of IN 34823 65 251 labor labor NN 34823 65 252 , , , 34823 65 253 land land NN 34823 65 254 , , , 34823 65 255 stocks stock NNS 34823 65 256 , , , 34823 65 257 bonds bond NNS 34823 65 258 , , , 34823 65 259 " " `` 34823 65 260 good good JJ 34823 65 261 will will NN 34823 65 262 , , , 34823 65 263 " " '' 34823 65 264 etc etc FW 34823 65 265 . . . 34823 66 1 ; ; : 34823 66 2 based base VBN 34823 66 3 only only RB 34823 66 4 in in IN 34823 66 5 part part NN 34823 66 6 on on IN 34823 66 7 values value NNS 34823 66 8 of of IN 34823 66 9 consumers consumer NNS 34823 66 10 ' ' POS 34823 66 11 goods good NNS 34823 66 12 ; ; : 34823 66 13 partially partially RB 34823 66 14 independent independent JJ 34823 66 15 , , , 34823 66 16 directly directly RB 34823 66 17 influenced influence VBN 34823 66 18 by by IN 34823 66 19 contagion contagion NN 34823 66 20 , , , 34823 66 21 and and CC 34823 66 22 centers center NNS 34823 66 23 of of IN 34823 66 24 power power NN 34823 66 25 and and CC 34823 66 26 prestige prestige NN 34823 66 27 38 38 CD 34823 66 28 - - SYM 34823 66 29 41 41 CD 34823 66 30 Pragmatic pragmatic JJ 34823 66 31 character character NN 34823 66 32 of of IN 34823 66 33 theory theory NN 34823 66 34 41 41 CD 34823 66 35 - - SYM 34823 66 36 43 43 CD 34823 66 37 Relation relation NN 34823 66 38 of of IN 34823 66 39 social social JJ 34823 66 40 values value NNS 34823 66 41 to to IN 34823 66 42 individual individual JJ 34823 66 43 values value NNS 34823 66 44 43 43 CD 34823 66 45 - - SYM 34823 66 46 45 45 CD 34823 66 47 CHAPTER chapter NN 34823 66 48 II ii CD 34823 66 49 SUPPLY supply NN 34823 66 50 AND and CC 34823 66 51 DEMAND demand NN 34823 66 52 , , , 34823 66 53 AND and CC 34823 66 54 THE the DT 34823 66 55 VALUE value NN 34823 66 56 OF of IN 34823 66 57 MONEY MONEY NNP 34823 66 58 _ _ NNP 34823 66 59 Hiatus Hiatus NNP 34823 66 60 _ _ NNP 34823 66 61 between between IN 34823 66 62 general general JJ 34823 66 63 theory theory NN 34823 66 64 of of IN 34823 66 65 value value NN 34823 66 66 and and CC 34823 66 67 theory theory NN 34823 66 68 of of IN 34823 66 69 value value NN 34823 66 70 of of IN 34823 66 71 money money NN 34823 66 72 46 46 CD 34823 66 73 - - SYM 34823 66 74 47 47 CD 34823 66 75 Partly partly RB 34823 66 76 because because IN 34823 66 77 former former JJ 34823 66 78 has have VBZ 34823 66 79 been be VBN 34823 66 80 developed develop VBN 34823 66 81 by by IN 34823 66 82 different different JJ 34823 66 83 writers writer NNS 34823 66 84 from from IN 34823 66 85 those those DT 34823 66 86 who who WP 34823 66 87 have have VBP 34823 66 88 developed develop VBN 34823 66 89 latter latter JJ 34823 66 90 47 47 CD 34823 66 91 - - SYM 34823 66 92 49 49 CD 34823 66 93 But but CC 34823 66 94 chiefly chiefly RB 34823 66 95 because because IN 34823 66 96 supply supply NN 34823 66 97 and and CC 34823 66 98 demand demand NN 34823 66 99 , , , 34823 66 100 cost cost NN 34823 66 101 of of IN 34823 66 102 production production NN 34823 66 103 , , , 34823 66 104 etc etc FW 34823 66 105 . . FW 34823 66 106 , , , 34823 66 107 _ _ NNP 34823 66 108 assume assume NN 34823 66 109 _ _ NNP 34823 66 110 fixed fix VBN 34823 66 111 value value NN 34823 66 112 of of IN 34823 66 113 money money NN 34823 66 114 , , , 34823 66 115 and and CC 34823 66 116 are be VBP 34823 66 117 theories theory NNS 34823 66 118 of of IN 34823 66 119 _ _ NNP 34823 66 120 price price NN 34823 66 121 _ _ NNP 34823 66 122 , , , 34823 66 123 rather rather RB 34823 66 124 than than IN 34823 66 125 _ _ NNP 34823 66 126 value value NN 34823 66 127 _ _ NNP 34823 66 128 49 49 CD 34823 66 129 Supply supply NN 34823 66 130 and and CC 34823 66 131 demand demand VB 34823 66 132 useful useful JJ 34823 66 133 but but CC 34823 66 134 superficial superficial JJ 34823 66 135 formula formula NN 34823 66 136 , , , 34823 66 137 common common JJ 34823 66 138 property property NN 34823 66 139 of of IN 34823 66 140 many many JJ 34823 66 141 value value NN 34823 66 142 theories theorie VBZ 34823 66 143 49 49 CD 34823 66 144 - - SYM 34823 66 145 50 50 CD 34823 66 146 Crude Crude NNP 34823 66 147 and and CC 34823 66 148 unanalyzed unanalyze VBN 34823 66 149 in in IN 34823 66 150 Smith Smith NNP 34823 66 151 and and CC 34823 66 152 Ricardo Ricardo NNP 34823 66 153 ; ; : 34823 66 154 first first RB 34823 66 155 made make VBN 34823 66 156 precise precise JJ 34823 66 157 by by IN 34823 66 158 J. J. NNP 34823 66 159 S. S. NNP 34823 66 160 Mill Mill NNP 34823 66 161 , , , 34823 66 162 who who WP 34823 66 163 gives give VBZ 34823 66 164 essentials essential NNS 34823 66 165 of of IN 34823 66 166 modern modern JJ 34823 66 167 doctrine doctrine NN 34823 66 168 49 49 CD 34823 66 169 - - SYM 34823 66 170 51 51 CD 34823 66 171 Böhm Böhm NNP 34823 66 172 - - HYPH 34823 66 173 Bawerk Bawerk NNP 34823 66 174 's 's POS 34823 66 175 pseudo pseudo NN 34823 66 176 - - NN 34823 66 177 psychology psychology NN 34823 66 178 spoils spoil VBZ 34823 66 179 Mill Mill NNP 34823 66 180 's 's POS 34823 66 181 clean clean JJ 34823 66 182 - - HYPH 34823 66 183 cut cut NN 34823 66 184 doctrine doctrine NN 34823 66 185 51 51 CD 34823 66 186 - - SYM 34823 66 187 52 52 CD 34823 66 188 Supply supply NN 34823 66 189 and and CC 34823 66 190 demand demand NN 34823 66 191 assumes assume NNS 34823 66 192 fixed fix VBN 34823 66 193 _ _ NNP 34823 66 194 value value NN 34823 66 195 _ _ NNP 34823 66 196 of of IN 34823 66 197 money money NN 34823 66 198 - - HYPH 34823 66 199 unit unit NN 34823 66 200 , , , 34823 66 201 and and CC 34823 66 202 hence hence RB 34823 66 203 inapplicable inapplicable JJ 34823 66 204 to to TO 34823 66 205 money money VB 34823 66 206 itself -PRON- PRP 34823 66 207 52 52 CD 34823 66 208 - - SYM 34823 66 209 56 56 CD 34823 66 210 But but CC 34823 66 211 supply supply NN 34823 66 212 and and CC 34823 66 213 demand demand NN 34823 66 214 does do VBZ 34823 66 215 _ _ NNP 34823 66 216 not not RB 34823 66 217 _ _ NNP 34823 66 218 assume assume NN 34823 66 219 fixed fix VBN 34823 66 220 _ _ NNP 34823 66 221 price price NN 34823 66 222 - - HYPH 34823 66 223 level level NN 34823 66 224 _ _ NNP 34823 66 225 56 56 CD 34823 66 226 - - SYM 34823 66 227 57 57 CD 34823 66 228 Cairnes Cairnes NNPS 34823 66 229 _ _ NNP 34823 66 230 vs. vs. IN 34823 66 231 _ _ NNP 34823 66 232 Mill Mill NNP 34823 66 233 57 57 CD 34823 66 234 - - SYM 34823 66 235 58 58 CD 34823 66 236 Mill Mill NNP 34823 66 237 's 's POS 34823 66 238 unsuccessful unsuccessful JJ 34823 66 239 effort effort NN 34823 66 240 to to TO 34823 66 241 apply apply VB 34823 66 242 supply supply NN 34823 66 243 and and CC 34823 66 244 demand demand NN 34823 66 245 to to IN 34823 66 246 money money NN 34823 66 247 59 59 CD 34823 66 248 - - SYM 34823 66 249 62 62 CD 34823 66 250 Walker Walker NNP 34823 66 251 's 's POS 34823 66 252 attempt attempt NN 34823 66 253 62 62 CD 34823 66 254 Supply supply NN 34823 66 255 and and CC 34823 66 256 demand demand NN 34823 66 257 in in IN 34823 66 258 the the DT 34823 66 259 " " `` 34823 66 260 money money NN 34823 66 261 market market NN 34823 66 262 " " '' 34823 66 263 62 62 CD 34823 66 264 - - SYM 34823 66 265 63 63 CD 34823 66 266 Chapter chapter NN 34823 66 267 III iii CD 34823 66 268 COST COST NNS 34823 66 269 OF of IN 34823 66 270 PRODUCTION production NN 34823 66 271 AND and CC 34823 66 272 THE the DT 34823 66 273 VALUE value NN 34823 66 274 OF of IN 34823 66 275 MONEY money NN 34823 66 276 Types type NNS 34823 66 277 of of IN 34823 66 278 cost cost NN 34823 66 279 theory theory NN 34823 66 280 : : : 34823 66 281 modern modern JJ 34823 66 282 cost cost NN 34823 66 283 doctrine doctrine NN 34823 66 284 is be VBZ 34823 66 285 " " `` 34823 66 286 money money NN 34823 66 287 costs cost NNS 34823 66 288 " " '' 34823 66 289 doctrine doctrine NN 34823 66 290 , , , 34823 66 291 and and CC 34823 66 292 inapplicable inapplicable JJ 34823 66 293 to to TO 34823 66 294 value value NN 34823 66 295 of of IN 34823 66 296 money money NN 34823 66 297 64 64 CD 34823 66 298 Labor labor NN 34823 66 299 cost cost NN 34823 66 300 : : : 34823 66 301 Smith Smith NNP 34823 66 302 ; ; : 34823 66 303 Ricardo Ricardo NNP 34823 66 304 ; ; : 34823 66 305 Ricardo Ricardo NNP 34823 66 306 's 's POS 34823 66 307 confession confession NN 34823 66 308 of of IN 34823 66 309 failure failure NN 34823 66 310 ; ; : 34823 66 311 " " `` 34823 66 312 real real JJ 34823 66 313 costs cost NNS 34823 66 314 " " '' 34823 66 315 in in IN 34823 66 316 Senior Senior NNP 34823 66 317 and and CC 34823 66 318 Cairnes Cairnes NNPS 34823 66 319 ; ; : 34823 66 320 Mill Mill NNP 34823 66 321 's 's POS 34823 66 322 " " `` 34823 66 323 money money NN 34823 66 324 - - HYPH 34823 66 325 outlay outlay NN 34823 66 326 " " '' 34823 66 327 cost cost NN 34823 66 328 doctrine doctrine NN 34823 66 329 , , , 34823 66 330 and and CC 34823 66 331 Cairnes Cairnes NNPS 34823 66 332 ' ' POS 34823 66 333 criticism criticism NN 34823 66 334 ; ; : 34823 66 335 but but CC 34823 66 336 " " `` 34823 66 337 money money NN 34823 66 338 - - HYPH 34823 66 339 cost cost NN 34823 66 340 " " '' 34823 66 341 has have VBZ 34823 66 342 survived survive VBN 34823 66 343 64 64 CD 34823 66 344 - - SYM 34823 66 345 67 67 CD 34823 66 346 Because because IN 34823 66 347 " " `` 34823 66 348 real real JJ 34823 66 349 cost cost NN 34823 66 350 " " '' 34823 66 351 doctrine doctrine NN 34823 66 352 does do VBZ 34823 66 353 not not RB 34823 66 354 square square VB 34823 66 355 with with IN 34823 66 356 facts fact NNS 34823 66 357 67 67 CD 34823 66 358 - - SYM 34823 66 359 69 69 CD 34823 66 360 " " `` 34823 66 361 Money money NN 34823 66 362 - - HYPH 34823 66 363 cost cost NN 34823 66 364 " " '' 34823 66 365 of of IN 34823 66 366 producing produce VBG 34823 66 367 money money NN 34823 66 368 - - HYPH 34823 66 369 metal metal NN 34823 66 370 69 69 CD 34823 66 371 - - SYM 34823 66 372 70 70 CD 34823 66 373 Austrian austrian JJ 34823 66 374 cost cost NN 34823 66 375 doctrine doctrine NN 34823 66 376 runs run NNS 34823 66 377 still still RB 34823 66 378 in in IN 34823 66 379 money money NN 34823 66 380 terms term NNS 34823 66 381 , , , 34823 66 382 assuming assume VBG 34823 66 383 value value NN 34823 66 384 , , , 34823 66 385 money money NN 34823 66 386 , , , 34823 66 387 and and CC 34823 66 388 fixed fix VBN 34823 66 389 value value NN 34823 66 390 of of IN 34823 66 391 money money NN 34823 66 392 70 70 CD 34823 66 393 - - SYM 34823 66 394 71 71 CD 34823 66 395 " " `` 34823 66 396 Negative negative JJ 34823 66 397 social social JJ 34823 66 398 values value NNS 34823 66 399 " " '' 34823 66 400 as as IN 34823 66 401 " " `` 34823 66 402 real real JJ 34823 66 403 costs cost NNS 34823 66 404 " " '' 34823 66 405 note note NN 34823 66 406 , , , 34823 66 407 71 71 CD 34823 66 408 CHAPTER CHAPTER NNP 34823 66 409 IV IV NNP 34823 66 410 THE the DT 34823 66 411 CAPITALIZATION CAPITALIZATION NNP 34823 66 412 THEORY THEORY NNS 34823 66 413 AND and CC 34823 66 414 THE the DT 34823 66 415 VALUE value NN 34823 66 416 OF of IN 34823 66 417 MONEY money NN 34823 66 418 Money money NN 34823 66 419 as as IN 34823 66 420 " " `` 34823 66 421 capital capital NN 34823 66 422 good good JJ 34823 66 423 , , , 34823 66 424 " " '' 34823 66 425 and and CC 34823 66 426 " " `` 34823 66 427 money money NN 34823 66 428 - - HYPH 34823 66 429 rates rate NNS 34823 66 430 " " '' 34823 66 431 as as IN 34823 66 432 rentals rental NNS 34823 66 433 72 72 CD 34823 66 434 - - SYM 34823 66 435 73 73 CD 34823 66 436 Capitalization Capitalization NNP 34823 66 437 theory theory NN 34823 66 438 ; ; : 34823 66 439 formula formula NN 34823 66 440 ; ; : 34823 66 441 capital capital NN 34823 66 442 value value NN 34823 66 443 passive passive NNP 34823 66 444 resultant resultant NN 34823 66 445 of of IN 34823 66 446 annual annual JJ 34823 66 447 income income NN 34823 66 448 and and CC 34823 66 449 rate rate NN 34823 66 450 of of IN 34823 66 451 discount discount NN 34823 66 452 73 73 CD 34823 66 453 - - SYM 34823 66 454 74 74 CD 34823 66 455 But but CC 34823 66 456 in in IN 34823 66 457 case case NN 34823 66 458 of of IN 34823 66 459 money money NN 34823 66 460 , , , 34823 66 461 rental rental NN 34823 66 462 and and CC 34823 66 463 rate rate NN 34823 66 464 of of IN 34823 66 465 discount discount NN 34823 66 466 not not RB 34823 66 467 independent independent JJ 34823 66 468 variables variable NNS 34823 66 469 74 74 CD 34823 66 470 - - SYM 34823 66 471 76 76 CD 34823 66 472 And and CC 34823 66 473 in in IN 34823 66 474 case case NN 34823 66 475 of of IN 34823 66 476 money money NN 34823 66 477 , , , 34823 66 478 capital capital NN 34823 66 479 value value NN 34823 66 480 not not RB 34823 66 481 passive passive JJ 34823 66 482 shadow shadow NN 34823 66 483 , , , 34823 66 484 but but CC 34823 66 485 active active JJ 34823 66 486 cause cause NN 34823 66 487 of of IN 34823 66 488 income income NN 34823 66 489 76 76 CD 34823 66 490 Capitalization Capitalization NNP 34823 66 491 theory theory NN 34823 66 492 assumes assume VBZ 34823 66 493 money money NN 34823 66 494 , , , 34823 66 495 and and CC 34823 66 496 fixed fix VBN 34823 66 497 value value NN 34823 66 498 of of IN 34823 66 499 money money NN 34823 66 500 76 76 CD 34823 66 501 - - SYM 34823 66 502 77 77 CD 34823 66 503 Assumed assume VBN 34823 66 504 fixed fix VBN 34823 66 505 value value NN 34823 66 506 of of IN 34823 66 507 money money NN 34823 66 508 absolute absolute JJ 34823 66 509 , , , 34823 66 510 and and CC 34823 66 511 not not RB 34823 66 512 relative relative JJ 34823 66 513 77 77 CD 34823 66 514 - - SYM 34823 66 515 78 78 CD 34823 66 516 Capitalization Capitalization NNP 34823 66 517 theory theory NN 34823 66 518 , , , 34823 66 519 in in IN 34823 66 520 current current JJ 34823 66 521 formulation formulation NN 34823 66 522 , , , 34823 66 523 inapplicable inapplicable JJ 34823 66 524 to to IN 34823 66 525 value value NN 34823 66 526 of of IN 34823 66 527 money money NN 34823 66 528 78 78 CD 34823 66 529 - - SYM 34823 66 530 79 79 CD 34823 66 531 CHAPTER chapter NN 34823 66 532 V v NN 34823 66 533 MARGINAL marginal JJ 34823 66 534 UTILITY UTILITY NNP 34823 66 535 AND and CC 34823 66 536 THE the DT 34823 66 537 VALUE value NN 34823 66 538 OF of IN 34823 66 539 MONEY money NN 34823 66 540 Marginal marginal JJ 34823 66 541 utility utility NN 34823 66 542 theory theory NN 34823 66 543 usually usually RB 34823 66 544 thinly thinly RB 34823 66 545 disguised disguise VBN 34823 66 546 version version NN 34823 66 547 of of IN 34823 66 548 supply supply NN 34823 66 549 and and CC 34823 66 550 demand demand NN 34823 66 551 , , , 34823 66 552 and and CC 34823 66 553 hence hence RB 34823 66 554 inapplicable inapplicable JJ 34823 66 555 to to TO 34823 66 556 money money NN 34823 66 557 80 80 CD 34823 66 558 View view NN 34823 66 559 that that IN 34823 66 560 money money NN 34823 66 561 is be VBZ 34823 66 562 unique unique JJ 34823 66 563 in in IN 34823 66 564 having have VBG 34823 66 565 no no DT 34823 66 566 utility utility NN 34823 66 567 _ _ NNP 34823 66 568 per per FW 34823 66 569 se se FW 34823 66 570 _ _ NNP 34823 66 571 81 81 CD 34823 66 572 - - SYM 34823 66 573 83 83 CD 34823 66 574 Marginal marginal JJ 34823 66 575 utility utility NN 34823 66 576 and and CC 34823 66 577 " " `` 34823 66 578 commodity commodity NN 34823 66 579 theory theory NN 34823 66 580 " " '' 34823 66 581 of of IN 34823 66 582 money money NN 34823 66 583 - - HYPH 34823 66 584 value value NN 34823 66 585 81 81 CD 34823 66 586 - - SYM 34823 66 587 82 82 CD 34823 66 588 Quantity quantity NN 34823 66 589 theorists theorist NNS 34823 66 590 and and CC 34823 66 591 marginal marginal JJ 34823 66 592 utility utility NN 34823 66 593 of of IN 34823 66 594 money money NN 34823 66 595 81 81 CD 34823 66 596 - - SYM 34823 66 597 82 82 CD 34823 66 598 Money money NN 34823 66 599 an an DT 34823 66 600 instrumental instrumental JJ 34823 66 601 good good NN 34823 66 602 , , , 34823 66 603 and and CC 34823 66 604 marginal marginal JJ 34823 66 605 utility utility NN 34823 66 606 no no RB 34823 66 607 less less RBR 34823 66 608 applicable applicable JJ 34823 66 609 here here RB 34823 66 610 than than IN 34823 66 611 elsewhere elsewhere RB 34823 66 612 ; ; : 34823 66 613 marginal marginal JJ 34823 66 614 utility utility NN 34823 66 615 invalid invalid JJ 34823 66 616 as as IN 34823 66 617 general general JJ 34823 66 618 theory theory NN 34823 66 619 of of IN 34823 66 620 value value NN 34823 66 621 , , , 34823 66 622 hence hence RB 34823 66 623 invalid invalid JJ 34823 66 624 when when WRB 34823 66 625 applied apply VBN 34823 66 626 to to IN 34823 66 627 money money NN 34823 66 628 82 82 CD 34823 66 629 - - SYM 34823 66 630 120 120 CD 34823 66 631 Wieser Wieser NNP 34823 66 632 's 's POS 34823 66 633 theory theory NN 34823 66 634 of of IN 34823 66 635 value value NN 34823 66 636 of of IN 34823 66 637 money money NN 34823 66 638 83 83 CD 34823 66 639 - - SYM 34823 66 640 88 88 CD 34823 66 641 A a DT 34823 66 642 circle circle NN 34823 66 643 in in IN 34823 66 644 reasoning reason VBG 34823 66 645 88 88 CD 34823 66 646 - - SYM 34823 66 647 90 90 CD 34823 66 648 Schumpeter Schumpeter NNP 34823 66 649 's 's POS 34823 66 650 similar similar JJ 34823 66 651 circle circle NN 34823 66 652 100 100 CD 34823 66 653 But but CC 34823 66 654 Schumpeter Schumpeter NNP 34823 66 655 's 's POS 34823 66 656 general general JJ 34823 66 657 utility utility NN 34823 66 658 theory theory NN 34823 66 659 , , , 34823 66 660 though though IN 34823 66 661 inapplicable inapplicable JJ 34823 66 662 to to IN 34823 66 663 value value NN 34823 66 664 of of IN 34823 66 665 money money NN 34823 66 666 , , , 34823 66 667 in in IN 34823 66 668 form form NN 34823 66 669 avoids avoid VBZ 34823 66 670 a a DT 34823 66 671 causal causal JJ 34823 66 672 circle circle NN 34823 66 673 90 90 CD 34823 66 674 - - SYM 34823 66 675 98 98 CD 34823 66 676 Schumpeter Schumpeter NNP 34823 66 677 's 's POS 34823 66 678 _ _ NNP 34823 66 679 conspectus conspectus NN 34823 66 680 _ _ NNP 34823 66 681 ; ; : 34823 66 682 different different JJ 34823 66 683 from from IN 34823 66 684 Böhm Böhm NNP 34823 66 685 - - HYPH 34823 66 686 Bawerk Bawerk NNP 34823 66 687 and and CC 34823 66 688 most most JJS 34823 66 689 utility utility NN 34823 66 690 theorists theorist NNS 34823 66 691 90 90 CD 34823 66 692 - - SYM 34823 66 693 92 92 CD 34823 66 694 , , , 34823 66 695 113 113 CD 34823 66 696 - - SYM 34823 66 697 120 120 CD 34823 66 698 Defects defect NNS 34823 66 699 and and CC 34823 66 700 limitations limitation NNS 34823 66 701 of of IN 34823 66 702 Schumpeter Schumpeter NNP 34823 66 703 's 's POS 34823 66 704 general general JJ 34823 66 705 theory theory NN 34823 66 706 90 90 CD 34823 66 707 - - SYM 34823 66 708 98 98 CD 34823 66 709 Schumpeter Schumpeter NNP 34823 66 710 's 's POS 34823 66 711 substitutes substitute NNS 34823 66 712 for for IN 34823 66 713 social social JJ 34823 66 714 value value NN 34823 66 715 concept concept NN 34823 66 716 98 98 CD 34823 66 717 - - SYM 34823 66 718 99 99 CD 34823 66 719 Von Von NNP 34823 66 720 Mises Mises NNP 34823 66 721 sees see VBZ 34823 66 722 circle circle NN 34823 66 723 of of IN 34823 66 724 Wieser Wieser NNP 34823 66 725 and and CC 34823 66 726 Schumpeter Schumpeter NNP 34823 66 727 100 100 CD 34823 66 728 Seeks Seeks NNPS 34823 66 729 to to TO 34823 66 730 avoid avoid VB 34823 66 731 it -PRON- PRP 34823 66 732 by by IN 34823 66 733 construing construe VBG 34823 66 734 utility utility NN 34823 66 735 theory theory NN 34823 66 736 as as IN 34823 66 737 historical historical JJ 34823 66 738 , , , 34823 66 739 instead instead RB 34823 66 740 of of IN 34823 66 741 static static JJ 34823 66 742 , , , 34823 66 743 theory theory NN 34823 66 744 101 101 CD 34823 66 745 But but CC 34823 66 746 this this DT 34823 66 747 departs depart VBZ 34823 66 748 from from IN 34823 66 749 fundamentals fundamental NNS 34823 66 750 of of IN 34823 66 751 utility utility NN 34823 66 752 theory theory NN 34823 66 753 ; ; : 34823 66 754 other other JJ 34823 66 755 difficulties difficulty NNS 34823 66 756 101 101 CD 34823 66 757 - - SYM 34823 66 758 110 110 CD 34823 66 759 Kinley Kinley NNP 34823 66 760 's 's POS 34823 66 761 doctrine doctrine NN 34823 66 762 110 110 CD 34823 66 763 - - SYM 34823 66 764 111 111 CD 34823 66 765 General general JJ 34823 66 766 criticism criticism NN 34823 66 767 of of IN 34823 66 768 utility utility NN 34823 66 769 theory theory NN 34823 66 770 111 111 CD 34823 66 771 - - SYM 34823 66 772 115 115 CD 34823 66 773 Davenport Davenport NNP 34823 66 774 , , , 34823 66 775 Wicksteed Wicksteed NNP 34823 66 776 , , , 34823 66 777 Fisher Fisher NNP 34823 66 778 , , , 34823 66 779 Perry Perry NNP 34823 66 780 113 113 CD 34823 66 781 - - SYM 34823 66 782 120 120 CD 34823 66 783 _ _ NNP 34823 66 784 PART PART NNP 34823 66 785 II II NNP 34823 66 786 . . . 34823 67 1 THE the DT 34823 67 2 QUANTITY QUANTITY NNP 34823 67 3 THEORY THEORY NNP 34823 67 4 _ _ NNP 34823 67 5 CHAPTER CHAPTER NNP 34823 67 6 VI VI NNP 34823 67 7 THE the DT 34823 67 8 QUANTITY QUANTITY NNP 34823 67 9 THEORY theory NN 34823 67 10 OF of IN 34823 67 11 PRICES prices NN 34823 67 12 . . . 34823 68 1 INTRODUCTION INTRODUCTION NNP 34823 68 2 Preliminary preliminary JJ 34823 68 3 statement statement NN 34823 68 4 of of IN 34823 68 5 quantity quantity NN 34823 68 6 theory theory NN 34823 68 7 , , , 34823 68 8 and and CC 34823 68 9 of of IN 34823 68 10 critical critical JJ 34823 68 11 these these DT 34823 68 12 s s NNS 34823 68 13 to to TO 34823 68 14 be be VB 34823 68 15 developed develop VBN 34823 68 16 in in IN 34823 68 17 following follow VBG 34823 68 18 chapters chapter NNS 34823 68 19 . . . 34823 69 1 Virtually virtually RB 34823 69 2 every every DT 34823 69 3 contention contention NN 34823 69 4 and and CC 34823 69 5 every every DT 34823 69 6 assumption assumption NN 34823 69 7 of of IN 34823 69 8 quantity quantity NN 34823 69 9 theory theory NN 34823 69 10 to to TO 34823 69 11 be be VB 34823 69 12 challenged challenge VBN 34823 69 13 123 123 CD 34823 69 14 - - SYM 34823 69 15 129 129 CD 34823 69 16 CHAPTER chapter NN 34823 69 17 VII VII NNP 34823 69 18 DODO DODO NNP 34823 69 19 - - HYPH 34823 69 20 BONES BONES NNP 34823 69 21 Quantity Quantity NNP 34823 69 22 theory theory NN 34823 69 23 doctrine doctrine NN 34823 69 24 that that IN 34823 69 25 valueless valueless NN 34823 69 26 objects object NNS 34823 69 27 can can MD 34823 69 28 serve serve VB 34823 69 29 as as IN 34823 69 30 money money NN 34823 69 31 ; ; : 34823 69 32 Nicholson Nicholson NNP 34823 69 33 's 's POS 34823 69 34 assumption assumption NN 34823 69 35 : : : 34823 69 36 money money NN 34823 69 37 made make VBN 34823 69 38 of of IN 34823 69 39 dodo dodo NN 34823 69 40 - - HYPH 34823 69 41 bones bone NNS 34823 69 42 130 130 CD 34823 69 43 - - SYM 34823 69 44 131 131 CD 34823 69 45 Fisher Fisher NNP 34823 69 46 's 's POS 34823 69 47 view view NN 34823 69 48 also also RB 34823 69 49 130 130 CD 34823 69 50 And and CC 34823 69 51 Ricardo Ricardo NNP 34823 69 52 's 's POS 34823 69 53 131 131 CD 34823 69 54 - - SYM 34823 69 55 132 132 CD 34823 69 56 Will Will NNP 34823 69 57 dodo dodo NN 34823 69 58 - - HYPH 34823 69 59 bones bone NNS 34823 69 60 circulate circulate VBP 34823 69 61 ? ? . 34823 70 1 Dodo dodo NN 34823 70 2 - - HYPH 34823 70 3 bones bone NNS 34823 70 4 and and CC 34823 70 5 poker poker NN 34823 70 6 chips chip NNS 34823 70 7 ; ; : 34823 70 8 circular circular JJ 34823 70 9 reasoning reason VBG 34823 70 10 132 132 CD 34823 70 11 Both both DT 34823 70 12 medium medium NN 34823 70 13 of of IN 34823 70 14 exchange exchange NN 34823 70 15 and and CC 34823 70 16 standard standard NN 34823 70 17 of of IN 34823 70 18 value value NN 34823 70 19 must must MD 34823 70 20 be be VB 34823 70 21 valuable valuable JJ 34823 70 22 133 133 CD 34823 70 23 Is be VBZ 34823 70 24 inconvertible inconvertible JJ 34823 70 25 paper paper NN 34823 70 26 an an DT 34823 70 27 exception exception NN 34823 70 28 ? ? . 34823 71 1 133 133 CD 34823 71 2 - - SYM 34823 71 3 134 134 CD 34823 71 4 Doctrine Doctrine NNP 34823 71 5 that that DT 34823 71 6 money money NN 34823 71 7 gives give VBZ 34823 71 8 legal legal JJ 34823 71 9 claim claim NN 34823 71 10 to to IN 34823 71 11 things thing NNS 34823 71 12 in in IN 34823 71 13 general general JJ 34823 71 14 134 134 CD 34823 71 15 Kemmerer Kemmerer NNP 34823 71 16 's 's POS 34823 71 17 assumptions assumption NNS 34823 71 18 ; ; : 34823 71 19 money money NN 34823 71 20 made make VBN 34823 71 21 of of IN 34823 71 22 commodity commodity NN 34823 71 23 , , , 34823 71 24 once once RB 34823 71 25 valuable valuable JJ 34823 71 26 , , , 34823 71 27 now now RB 34823 71 28 used use VBN 34823 71 29 only only RB 34823 71 30 as as IN 34823 71 31 money money NN 34823 71 32 135 135 CD 34823 71 33 Commodity Commodity NNP 34823 71 34 theory theory NN 34823 71 35 requires require VBZ 34823 71 36 present present JJ 34823 71 37 commodity commodity NN 34823 71 38 value value NN 34823 71 39 135 135 CD 34823 71 40 Historical Historical NNP 34823 71 41 _ _ NNP 34823 71 42 vs. vs. IN 34823 71 43 _ _ NNP 34823 71 44 cross cross JJ 34823 71 45 - - NNP 34823 71 46 section section JJ 34823 71 47 view view NN 34823 71 48 : : : 34823 71 49 possibility possibility NN 34823 71 50 that that IN 34823 71 51 such such JJ 34823 71 52 money money NN 34823 71 53 would would MD 34823 71 54 circulate circulate VB 34823 71 55 135 135 CD 34823 71 56 - - SYM 34823 71 57 136 136 CD 34823 71 58 Value Value NNP 34823 71 59 not not RB 34823 71 60 tied tie VBN 34823 71 61 up up RP 34823 71 62 with with IN 34823 71 63 marginal marginal JJ 34823 71 64 utility utility NN 34823 71 65 or or CC 34823 71 66 commodities commodity NNS 34823 71 67 : : : 34823 71 68 social social JJ 34823 71 69 value value NN 34823 71 70 theory theory NN 34823 71 71 ; ; , 34823 71 72 derived derive VBN 34823 71 73 values value NNS 34823 71 74 often often RB 34823 71 75 become become VBP 34823 71 76 independent independent JJ 34823 71 77 of of IN 34823 71 78 original original JJ 34823 71 79 presuppositions presupposition NNS 34823 71 80 , , , 34823 71 81 in in IN 34823 71 82 economic economic JJ 34823 71 83 as as RB 34823 71 84 well well RB 34823 71 85 as as IN 34823 71 86 legal legal JJ 34823 71 87 and and CC 34823 71 88 moral moral JJ 34823 71 89 spheres sphere NNS 34823 71 90 136 136 CD 34823 71 91 - - SYM 34823 71 92 139 139 CD 34823 71 93 But but CC 34823 71 94 this this DT 34823 71 95 no no DT 34823 71 96 basis basis NN 34823 71 97 for for IN 34823 71 98 quantity quantity NN 34823 71 99 theory theory NN 34823 71 100 : : : 34823 71 101 social social JJ 34823 71 102 psychology psychology NN 34823 71 103 , , , 34823 71 104 not not RB 34823 71 105 mechanics mechanic NNS 34823 71 106 139 139 CD 34823 71 107 " " `` 34823 71 108 Banker Banker NNP 34823 71 109 's 's POS 34823 71 110 psychology psychology NN 34823 71 111 " " `` 34823 71 112 _ _ NNP 34823 71 113 vs. vs. IN 34823 71 114 _ _ NNP 34823 71 115 psychology psychology NN 34823 71 116 of of IN 34823 71 117 blind blind JJ 34823 71 118 habit habit NN 34823 71 119 : : : 34823 71 120 India India NNP 34823 71 121 , , , 34823 71 122 Austria Austria NNP 34823 71 123 , , , 34823 71 124 United United NNP 34823 71 125 States States NNP 34823 71 126 ; ; , 34823 71 127 monetary monetary JJ 34823 71 128 phenomena phenomenon NNS 34823 71 129 of of IN 34823 71 130 war war NN 34823 71 131 times time NNS 34823 71 132 ; ; : 34823 71 133 " " `` 34823 71 134 credit credit NN 34823 71 135 theory theory NN 34823 71 136 " " '' 34823 71 137 of of IN 34823 71 138 Greenbacks Greenbacks NNP 34823 71 139 139 139 CD 34823 71 140 - - SYM 34823 71 141 142 142 CD 34823 71 142 Question question NN 34823 71 143 - - HYPH 34823 71 144 begging beg VBG 34823 71 145 definitions definition NNS 34823 71 146 142 142 CD 34823 71 147 - - HYPH 34823 71 148 143 143 CD 34823 71 149 Assumptions assumption NNS 34823 71 150 of of IN 34823 71 151 quantity quantity NN 34823 71 152 theory theory NN 34823 71 153 : : : 34823 71 154 blind blind VB 34823 71 155 habit habit NN 34823 71 156 and and CC 34823 71 157 fluid fluid JJ 34823 71 158 prices price NNS 34823 71 159 143 143 CD 34823 71 160 - - SYM 34823 71 161 144 144 CD 34823 71 162 Extreme Extreme NNP 34823 71 163 commodity commodity NN 34823 71 164 theory theory NN 34823 71 165 denies deny VBZ 34823 71 166 that that IN 34823 71 167 money money NN 34823 71 168 - - HYPH 34823 71 169 use use NN 34823 71 170 adds add VBZ 34823 71 171 to to IN 34823 71 172 value value NN 34823 71 173 of of IN 34823 71 174 money money NN 34823 71 175 ; ; : 34823 71 176 usually usually RB 34823 71 177 not not RB 34823 71 178 true true JJ 34823 71 179 ; ; : 34823 71 180 analysis analysis NN 34823 71 181 of of IN 34823 71 182 money money NN 34823 71 183 - - HYPH 34823 71 184 functions function NNS 34823 71 185 144 144 CD 34823 71 186 - - SYM 34823 71 187 150 150 CD 34823 71 188 Hypothetical hypothetical JJ 34823 71 189 case case NN 34823 71 190 in in IN 34823 71 191 which which WDT 34823 71 192 whole whole JJ 34823 71 193 value value NN 34823 71 194 of of IN 34823 71 195 money money NN 34823 71 196 comes come VBZ 34823 71 197 from from IN 34823 71 198 commodity commodity NN 34823 71 199 value value NN 34823 71 200 150 150 CD 34823 71 201 - - SYM 34823 71 202 152 152 CD 34823 71 203 Money money NN 34823 71 204 must must MD 34823 71 205 have have VB 34823 71 206 value value NN 34823 71 207 apart apart RB 34823 71 208 from from IN 34823 71 209 monetary monetary JJ 34823 71 210 employments employment NNS 34823 71 211 , , , 34823 71 212 but but CC 34823 71 213 , , , 34823 71 214 in in IN 34823 71 215 general general JJ 34823 71 216 , , , 34823 71 217 gains gain VBZ 34823 71 218 additional additional JJ 34823 71 219 value value NN 34823 71 220 from from IN 34823 71 221 employment employment NN 34823 71 222 as as IN 34823 71 223 money money NN 34823 71 224 152 152 CD 34823 71 225 - - HYPH 34823 71 226 153 153 CD 34823 71 227 CHAPTER chapter NN 34823 71 228 VIII viii NN 34823 71 229 THE the DT 34823 71 230 " " `` 34823 71 231 EQUATION EQUATION NNP 34823 71 232 OF of IN 34823 71 233 EXCHANGE EXCHANGE NNP 34823 71 234 " " `` 34823 71 235 Fisher Fisher NNP 34823 71 236 leading lead VBG 34823 71 237 , , , 34823 71 238 most most RBS 34823 71 239 consistent consistent JJ 34823 71 240 , , , 34823 71 241 most most RBS 34823 71 242 uncompromising uncompromising JJ 34823 71 243 quantity quantity NN 34823 71 244 theorist theorist NN 34823 71 245 : : : 34823 71 246 wide wide JJ 34823 71 247 acceptance acceptance NN 34823 71 248 of of IN 34823 71 249 his -PRON- PRP$ 34823 71 250 views view NNS 34823 71 251 154 154 CD 34823 71 252 Taussig Taussig NNP 34823 71 253 _ _ NNP 34823 71 254 vs. vs. IN 34823 71 255 _ _ NNP 34823 71 256 Fisher Fisher NNP 34823 71 257 155 155 CD 34823 71 258 Fisher Fisher NNP 34823 71 259 and and CC 34823 71 260 dodo dodo NN 34823 71 261 - - HYPH 34823 71 262 bone bone NN 34823 71 263 doctrine doctrine NN 34823 71 264 : : : 34823 71 265 logical logical JJ 34823 71 266 part part NN 34823 71 267 of of IN 34823 71 268 quantity quantity NN 34823 71 269 theory theory NN 34823 71 270 ; ; : 34823 71 271 Fisher Fisher NNP 34823 71 272 's 's POS 34823 71 273 value value NN 34823 71 274 concept concept NN 34823 71 275 155 155 CD 34823 71 276 - - SYM 34823 71 277 156 156 CD 34823 71 278 " " NNP 34823 71 279 Equation Equation NNP 34823 71 280 of of IN 34823 71 281 exchange exchange NN 34823 71 282 " " '' 34823 71 283 : : : 34823 71 284 analysis analysis NN 34823 71 285 of of IN 34823 71 286 Fisher Fisher NNP 34823 71 287 's 's POS 34823 71 288 version version NN 34823 71 289 , , , 34823 71 290 typical typical JJ 34823 71 291 of of IN 34823 71 292 all all DT 34823 71 293 156 156 CD 34823 71 294 - - SYM 34823 71 295 171 171 CD 34823 71 296 In in IN 34823 71 297 what what WDT 34823 71 298 sense sense NN 34823 71 299 equality equality NN 34823 71 300 between between IN 34823 71 301 two two CD 34823 71 302 sides side NNS 34823 71 303 of of IN 34823 71 304 equation equation NN 34823 71 305 ? ? . 34823 72 1 Meaning mean VBG 34823 72 2 of of IN 34823 72 3 " " `` 34823 72 4 T T NNP 34823 72 5 " " '' 34823 72 6 158 158 CD 34823 72 7 - - HYPH 34823 72 8 161 161 CD 34823 72 9 No no DT 34823 72 10 " " `` 34823 72 11 goods good NNS 34823 72 12 side side NN 34823 72 13 " " '' 34823 72 14 to to IN 34823 72 15 equation equation NN 34823 72 16 ; ; : 34823 72 17 both both DT 34823 72 18 sides side VBZ 34823 72 19 sums sum NNS 34823 72 20 of of IN 34823 72 21 money money NN 34823 72 22 ; ; : 34823 72 23 equal equal JJ 34823 72 24 because because IN 34823 72 25 identical identical JJ 34823 72 26 ; ; : 34823 72 27 equation equation NN 34823 72 28 meaningless meaningless JJ 34823 72 29 161 161 CD 34823 72 30 - - SYM 34823 72 31 162 162 CD 34823 72 32 All all DT 34823 72 33 factors factor NNS 34823 72 34 in in IN 34823 72 35 equation equation NN 34823 72 36 highly highly RB 34823 72 37 abstract abstract JJ 34823 72 38 162 162 CD 34823 72 39 - - SYM 34823 72 40 163 163 CD 34823 72 41 " " `` 34823 72 42 P P NNP 34823 72 43 " " '' 34823 72 44 and and CC 34823 72 45 " " `` 34823 72 46 T t NN 34823 72 47 " " '' 34823 72 48 can can MD 34823 72 49 not not RB 34823 72 50 both both DT 34823 72 51 be be VB 34823 72 52 given give VBN 34823 72 53 independent independent JJ 34823 72 54 definitions definition NNS 34823 72 55 : : : 34823 72 56 P p NN 34823 72 57 defined define VBN 34823 72 58 as as IN 34823 72 59 _ _ NNP 34823 72 60 weighted weight VBD 34823 72 61 _ _ NNP 34823 72 62 average average NN 34823 72 63 , , , 34823 72 64 with with IN 34823 72 65 T t NN 34823 72 66 in in IN 34823 72 67 denominator denominator NN 34823 72 68 ; ; : 34823 72 69 and and CC 34823 72 70 must must MD 34823 72 71 be be VB 34823 72 72 changed change VBN 34823 72 73 from from IN 34823 72 74 year year NN 34823 72 75 to to IN 34823 72 76 year year NN 34823 72 77 , , , 34823 72 78 as as IN 34823 72 79 elements element NNS 34823 72 80 in in IN 34823 72 81 T t NN 34823 72 82 change change NN 34823 72 83 , , , 34823 72 84 even even RB 34823 72 85 though though IN 34823 72 86 no no DT 34823 72 87 prices price NNS 34823 72 88 change change VBP 34823 72 89 164 164 CD 34823 72 90 - - SYM 34823 72 91 166 166 CD 34823 72 92 This this DT 34823 72 93 makes make VBZ 34823 72 94 circular circular JJ 34823 72 95 theory theory NN 34823 72 96 : : : 34823 72 97 _ _ NNP 34823 72 98 problem problem NN 34823 72 99 _ _ NNP 34823 72 100 defined define VBD 34823 72 101 in in IN 34823 72 102 terms term NNS 34823 72 103 of of IN 34823 72 104 _ _ NNP 34823 72 105 explanation explanation NN 34823 72 106 _ _ NNP 34823 72 107 165 165 CD 34823 72 108 - - SYM 34823 72 109 166 166 CD 34823 72 110 Causal Causal NNP 34823 72 111 theory theory NN 34823 72 112 associated associate VBN 34823 72 113 with with IN 34823 72 114 equation equation NN 34823 72 115 of of IN 34823 72 116 exchange exchange NN 34823 72 117 166 166 CD 34823 72 118 Equation Equation NNP 34823 72 119 amplified amplify VBD 34823 72 120 to to TO 34823 72 121 include include VB 34823 72 122 credit credit NN 34823 72 123 ; ; : 34823 72 124 not not RB 34823 72 125 acceptable acceptable JJ 34823 72 126 to to IN 34823 72 127 Nicholson Nicholson NNP 34823 72 128 or or CC 34823 72 129 Walker Walker NNP 34823 72 130 , , , 34823 72 131 and and CC 34823 72 132 caricature caricature NN 34823 72 133 of of IN 34823 72 134 conditions condition NNS 34823 72 135 in in IN 34823 72 136 Germany Germany NNP 34823 72 137 and and CC 34823 72 138 France France NNP 34823 72 139 166 166 CD 34823 72 140 - - SYM 34823 72 141 170 170 CD 34823 72 142 Book book NN 34823 72 143 - - HYPH 34823 72 144 credit credit NN 34823 72 145 , , , 34823 72 146 bills bill NNS 34823 72 147 of of IN 34823 72 148 exchange exchange NN 34823 72 149 , , , 34823 72 150 etc etc FW 34823 72 151 . . FW 34823 72 152 , , , 34823 72 153 excluded exclude VBD 34823 72 154 167 167 CD 34823 72 155 - - SYM 34823 72 156 170 170 CD 34823 72 157 Why why WRB 34823 72 158 a a DT 34823 72 159 one one CD 34823 72 160 - - HYPH 34823 72 161 year year NN 34823 72 162 period period NN 34823 72 163 ? ? . 34823 73 1 170 170 CD 34823 73 2 - - SYM 34823 73 3 171 171 CD 34823 73 4 CHAPTER chapter NN 34823 73 5 IX IX NNP 34823 73 6 THE the DT 34823 73 7 VOLUME volume NN 34823 73 8 OF of IN 34823 73 9 MONEY money NN 34823 73 10 AND and CC 34823 73 11 THE the DT 34823 73 12 VOLUME volume NN 34823 73 13 OF of IN 34823 73 14 CREDIT CREDIT NNP 34823 73 15 Mill Mill NNP 34823 73 16 thought think VBD 34823 73 17 credit credit NN 34823 73 18 acts act NNS 34823 73 19 on on IN 34823 73 20 prices price NNS 34823 73 21 like like IN 34823 73 22 money money NN 34823 73 23 , , , 34823 73 24 and and CC 34823 73 25 that that IN 34823 73 26 this this DT 34823 73 27 reduces reduce VBZ 34823 73 28 quantity quantity NN 34823 73 29 theory theory NN 34823 73 30 tendency tendency NN 34823 73 31 to to TO 34823 73 32 indeterminate indeterminate JJ 34823 73 33 degree degree NN 34823 73 34 ; ; : 34823 73 35 Fisher Fisher NNP 34823 73 36 holds hold VBZ 34823 73 37 volume volume NN 34823 73 38 of of IN 34823 73 39 money money NN 34823 73 40 _ _ NNP 34823 73 41 in in IN 34823 73 42 circulation circulation NN 34823 73 43 _ _ NNP 34823 73 44 governs govern VBZ 34823 73 45 volume volume NN 34823 73 46 of of IN 34823 73 47 credit credit NN 34823 73 48 , , , 34823 73 49 so so IN 34823 73 50 that that DT 34823 73 51 quantity quantity NN 34823 73 52 theory theory NN 34823 73 53 stands stand VBZ 34823 73 54 172 172 CD 34823 73 55 Fisher Fisher NNP 34823 73 56 's 's POS 34823 73 57 arguments argument NNS 34823 73 58 for for IN 34823 73 59 fixed fix VBN 34823 73 60 ratio ratio NN 34823 73 61 , , , 34823 73 62 _ _ NNP 34823 73 63 money money NN 34823 73 64 _ _ NNP 34823 73 65 to to IN 34823 73 66 bank bank NN 34823 73 67 - - HYPH 34823 73 68 deposits deposit VBZ 34823 73 69 172 172 CD 34823 73 70 - - SYM 34823 73 71 173 173 CD 34823 73 72 Argument Argument NNP 34823 73 73 a a DT 34823 73 74 _ _ NNP 34823 73 75 non non JJ 34823 73 76 - - JJ 34823 73 77 sequitur sequitur JJ 34823 73 78 _ _ NNP 34823 73 79 , , , 34823 73 80 even even RB 34823 73 81 if if IN 34823 73 82 contentions contention NNS 34823 73 83 true true JJ 34823 73 84 173 173 CD 34823 73 85 - - SYM 34823 73 86 177 177 CD 34823 73 87 Contentions Contentions NNPS 34823 73 88 untrue untrue JJ 34823 73 89 : : : 34823 73 90 no no DT 34823 73 91 fixed fixed JJ 34823 73 92 ratio ratio NN 34823 73 93 between between IN 34823 73 94 _ _ NNP 34823 73 95 reserves reserve NNS 34823 73 96 _ _ NNP 34823 73 97 and and CC 34823 73 98 deposits deposit NNS 34823 73 99 , , , 34823 73 100 or or CC 34823 73 101 reserves reserve NNS 34823 73 102 and and CC 34823 73 103 demand demand NN 34823 73 104 liabilities liability NNS 34823 73 105 , , , 34823 73 106 either either CC 34823 73 107 in in IN 34823 73 108 America America NNP 34823 73 109 or or CC 34823 73 110 Europe Europe NNP 34823 73 111 177 177 CD 34823 73 112 - - SYM 34823 73 113 182 182 CD 34823 73 114 Taussig Taussig NNP 34823 73 115 's 's POS 34823 73 116 views view NNS 34823 73 117 ; ; , 34823 73 118 virtually virtually RB 34823 73 119 surrender surrender NN 34823 73 120 of of IN 34823 73 121 quantity quantity NN 34823 73 122 theory theory NN 34823 73 123 in in IN 34823 73 124 modern modern JJ 34823 73 125 conditions condition NNS 34823 73 126 182 182 CD 34823 73 127 - - SYM 34823 73 128 185 185 CD 34823 73 129 Bulk bulk NN 34823 73 130 of of IN 34823 73 131 quantity quantity NN 34823 73 132 theorists theorist NNS 34823 73 133 in in IN 34823 73 134 between between IN 34823 73 135 Fisher Fisher NNP 34823 73 136 and and CC 34823 73 137 Taussig Taussig NNP 34823 73 138 , , , 34823 73 139 but but CC 34823 73 140 nearer near JJR 34823 73 141 to to IN 34823 73 142 Fisher Fisher NNP 34823 73 143 's 's POS 34823 73 144 view view NN 34823 73 145 than than IN 34823 73 146 to to IN 34823 73 147 Taussig Taussig NNP 34823 73 148 's 's POS 34823 73 149 185 185 CD 34823 73 150 CHAPTER chapter NN 34823 73 151 X x NN 34823 73 152 " " `` 34823 73 153 NORMAL NORMAL NNP 34823 73 154 " " '' 34823 73 155 VS VS NNP 34823 73 156 . . . 34823 73 157 " " '' 34823 73 158 TRANSITIONAL TRANSITIONAL NNP 34823 73 159 " " '' 34823 73 160 TENDENCIES tendencies NN 34823 73 161 Quantity quantity NN 34823 73 162 theory theory NN 34823 73 163 qualified qualify VBN 34823 73 164 by by IN 34823 73 165 distinction distinction NN 34823 73 166 between between IN 34823 73 167 " " `` 34823 73 168 normal normal JJ 34823 73 169 " " '' 34823 73 170 and and CC 34823 73 171 " " `` 34823 73 172 transitional transitional JJ 34823 73 173 " " '' 34823 73 174 effects effect NNS 34823 73 175 of of IN 34823 73 176 change change NN 34823 73 177 in in IN 34823 73 178 quantity quantity NN 34823 73 179 of of IN 34823 73 180 money money NN 34823 73 181 , , , 34823 73 182 etc etc FW 34823 73 183 . . . 34823 74 1 186 186 CD 34823 74 2 Meaning meaning NN 34823 74 3 of of IN 34823 74 4 distinction distinction NN 34823 74 5 , , , 34823 74 6 and and CC 34823 74 7 extent extent NN 34823 74 8 of of IN 34823 74 9 qualification qualification NN 34823 74 10 hard hard JJ 34823 74 11 to to TO 34823 74 12 determine determine VB 34823 74 13 : : : 34823 74 14 is be VBZ 34823 74 15 " " `` 34823 74 16 normal normal JJ 34823 74 17 period period NN 34823 74 18 " " '' 34823 74 19 real real JJ 34823 74 20 period period NN 34823 74 21 in in IN 34823 74 22 time time NN 34823 74 23 ? ? . 34823 75 1 How how WRB 34823 75 2 long long RB 34823 75 3 is be VBZ 34823 75 4 " " `` 34823 75 5 transitional transitional JJ 34823 75 6 period period NN 34823 75 7 " " '' 34823 75 8 ? ? . 34823 76 1 Is be VBZ 34823 76 2 it -PRON- PRP 34823 76 3 realistic realistic JJ 34823 76 4 , , , 34823 76 5 or or CC 34823 76 6 hypothetical hypothetical JJ 34823 76 7 ? ? . 34823 77 1 Is be VBZ 34823 77 2 equation equation NN 34823 77 3 of of IN 34823 77 4 exchange exchange NN 34823 77 5 realistic realistic JJ 34823 77 6 ? ? . 34823 78 1 Concrete Concrete NNP 34823 78 2 _ _ NNP 34823 78 3 vs. vs. IN 34823 78 4 _ _ NNP 34823 78 5 hypothetical hypothetical JJ 34823 78 6 price price NN 34823 78 7 - - HYPH 34823 78 8 levels level NNS 34823 78 9 186 186 CD 34823 78 10 - - SYM 34823 78 11 189 189 CD 34823 78 12 Legitimate legitimate JJ 34823 78 13 and and CC 34823 78 14 illegitimate illegitimate JJ 34823 78 15 abstraction abstraction NN 34823 78 16 189 189 CD 34823 78 17 - - SYM 34823 78 18 190 190 CD 34823 78 19 Causation Causation NNP 34823 78 20 and and CC 34823 78 21 temporal temporal JJ 34823 78 22 order order NN 34823 78 23 190 190 CD 34823 78 24 - - SYM 34823 78 25 191 191 CD 34823 78 26 Fisher Fisher NNP 34823 78 27 admits admit VBZ 34823 78 28 very very RB 34823 78 29 slight slight JJ 34823 78 30 qualification qualification NN 34823 78 31 of of IN 34823 78 32 " " `` 34823 78 33 normal normal JJ 34823 78 34 theory theory NN 34823 78 35 " " '' 34823 78 36 192 192 CD 34823 78 37 Mill Mill NNP 34823 78 38 's 's POS 34823 78 39 quantity quantity NN 34823 78 40 theory theory NN 34823 78 41 " " `` 34823 78 42 short short JJ 34823 78 43 run run NN 34823 78 44 " " '' 34823 78 45 theory theory NN 34823 78 46 ; ; : 34823 78 47 Taussig Taussig NNP 34823 78 48 's 's POS 34823 78 49 " " `` 34823 78 50 long long JJ 34823 78 51 run run NN 34823 78 52 " " '' 34823 78 53 theory theory NN 34823 78 54 ; ; : 34823 78 55 radically radically RB 34823 78 56 different different JJ 34823 78 57 logic logic NN 34823 78 58 in in IN 34823 78 59 the the DT 34823 78 60 two two CD 34823 78 61 192 192 CD 34823 78 62 - - SYM 34823 78 63 193 193 CD 34823 78 64 Fisher Fisher NNP 34823 78 65 's 's POS 34823 78 66 theory theory NN 34823 78 67 sometimes sometimes RB 34823 78 68 " " `` 34823 78 69 long long JJ 34823 78 70 run run NN 34823 78 71 " " '' 34823 78 72 and and CC 34823 78 73 sometimes sometimes RB 34823 78 74 " " `` 34823 78 75 short short JJ 34823 78 76 run run NN 34823 78 77 " " '' 34823 78 78 194 194 CD 34823 78 79 - - SYM 34823 78 80 195 195 CD 34823 78 81 CHAPTER chapter NN 34823 78 82 XI XI NNP 34823 78 83 BARTER BARTER NNP 34823 78 84 Quantity quantity NN 34823 78 85 theory theory NN 34823 78 86 spoiled spoil VBD 34823 78 87 if if IN 34823 78 88 resort resort NN 34823 78 89 to to TO 34823 78 90 barter barter NN 34823 78 91 possible possible JJ 34823 78 92 and and CC 34823 78 93 important important JJ 34823 78 94 196 196 CD 34823 78 95 Extent extent NN 34823 78 96 of of IN 34823 78 97 barter barter NN 34823 78 98 and and CC 34823 78 99 other other JJ 34823 78 100 flexible flexible JJ 34823 78 101 substitutes substitute NNS 34823 78 102 for for IN 34823 78 103 money money NN 34823 78 104 and and CC 34823 78 105 bank bank NN 34823 78 106 - - HYPH 34823 78 107 credit credit NN 34823 78 108 ; ; : 34823 78 109 simple simple JJ 34823 78 110 barter barter NN 34823 78 111 ; ; , 34823 78 112 different different JJ 34823 78 113 methods method NNS 34823 78 114 of of IN 34823 78 115 corporate corporate JJ 34823 78 116 consolidations consolidation NNS 34823 78 117 ; ; : 34823 78 118 flexibility flexibility NN 34823 78 119 , , , 34823 78 120 with with IN 34823 78 121 state state NN 34823 78 122 of of IN 34823 78 123 money money NN 34823 78 124 - - HYPH 34823 78 125 market market NN 34823 78 126 ; ; : 34823 78 127 clearing clearing NN 34823 78 128 - - HYPH 34823 78 129 house house NN 34823 78 130 arrangements arrangement NNS 34823 78 131 in in IN 34823 78 132 speculative speculative JJ 34823 78 133 exchanges exchange NNS 34823 78 134 ; ; , 34823 78 135 offsetting offset VBG 34823 78 136 book book NN 34823 78 137 - - HYPH 34823 78 138 credits credit VBZ 34823 78 139 197 197 CD 34823 78 140 - - HYPH 34823 78 141 200 200 CD 34823 78 142 Barter Barter NNP 34823 78 143 made make VBD 34823 78 144 easier easy JJR 34823 78 145 under under IN 34823 78 146 money money NN 34823 78 147 economy economy NN 34823 78 148 , , , 34823 78 149 by by IN 34823 78 150 measure measure NN 34823 78 151 of of IN 34823 78 152 value value NN 34823 78 153 function function NN 34823 78 154 of of IN 34823 78 155 money money NN 34823 78 156 201 201 CD 34823 78 157 Bills bill NNS 34823 78 158 of of IN 34823 78 159 exchange exchange NN 34823 78 160 ; ; , 34823 78 161 foreign foreign JJ 34823 78 162 trade trade NN 34823 78 163 201 201 CD 34823 78 164 CHAPTER CHAPTER NNP 34823 78 165 XII xii NN 34823 78 166 VELOCITY velocity NN 34823 78 167 OF of IN 34823 78 168 CIRCULATION circulation NN 34823 78 169 Velocity velocity NN 34823 78 170 conceived conceive VBN 34823 78 171 by by IN 34823 78 172 quantity quantity NN 34823 78 173 theory theory NN 34823 78 174 as as IN 34823 78 175 causal causal JJ 34823 78 176 entity entity NN 34823 78 177 , , , 34823 78 178 independent independent JJ 34823 78 179 of of IN 34823 78 180 quantity quantity NN 34823 78 181 of of IN 34823 78 182 money money NN 34823 78 183 and and CC 34823 78 184 prices price NNS 34823 78 185 ; ; : 34823 78 186 necessary necessary JJ 34823 78 187 assumption assumption NN 34823 78 188 for for IN 34823 78 189 law law NN 34823 78 190 of of IN 34823 78 191 proportionality proportionality NN 34823 78 192 203 203 CD 34823 78 193 " " `` 34823 78 194 Coin Coin NNP 34823 78 195 - - HYPH 34823 78 196 transfer transfer NN 34823 78 197 " " `` 34823 78 198 _ _ NNP 34823 78 199 vs. vs. IN 34823 78 200 _ _ NNP 34823 78 201 " " '' 34823 78 202 person person NN 34823 78 203 - - HYPH 34823 78 204 turnover turnover NN 34823 78 205 " " '' 34823 78 206 concepts concept VBZ 34823 78 207 203 203 CD 34823 78 208 - - SYM 34823 78 209 204 204 CD 34823 78 210 Velocity velocity NN 34823 78 211 really really RB 34823 78 212 non non JJ 34823 78 213 - - JJ 34823 78 214 essential essential JJ 34823 78 215 by by IN 34823 78 216 - - HYPH 34823 78 217 product product NN 34823 78 218 , , , 34823 78 219 meaningless meaningless JJ 34823 78 220 average average JJ 34823 78 221 204 204 CD 34823 78 222 - - SYM 34823 78 223 205 205 CD 34823 78 224 Doctrine Doctrine NNP 34823 78 225 that that IN 34823 78 226 velocity velocity NN 34823 78 227 independent independent JJ 34823 78 228 of of IN 34823 78 229 money money NN 34823 78 230 ; ; : 34823 78 231 habit habit NN 34823 78 232 and and CC 34823 78 233 convenience convenience NN 34823 78 234 ; ; : 34823 78 235 hoarding hoarding NN 34823 78 236 ; ; : 34823 78 237 hoarding hoarding NN 34823 78 238 by by IN 34823 78 239 banks bank NNS 34823 78 240 205 205 CD 34823 78 241 - - SYM 34823 78 242 209 209 CD 34823 78 243 Velocity velocity NN 34823 78 244 and and CC 34823 78 245 volume volume NN 34823 78 246 of of IN 34823 78 247 trade trade NN 34823 78 248 ; ; : 34823 78 249 vary vary VBP 34823 78 250 together together RB 34823 78 251 209 209 CD 34823 78 252 - - SYM 34823 78 253 214 214 CD 34823 78 254 Value value NN 34823 78 255 of of IN 34823 78 256 money money NN 34823 78 257 causally causally RB 34823 78 258 governs govern VBZ 34823 78 259 velocity velocity NN 34823 78 260 214 214 CD 34823 78 261 - - SYM 34823 78 262 215 215 CD 34823 78 263 CHAPTER chapter NN 34823 78 264 XIII xiii NN 34823 78 265 . . . 34823 79 1 THE the DT 34823 79 2 VOLUME volume NN 34823 79 3 OF of IN 34823 79 4 MONEY money NN 34823 79 5 AND and CC 34823 79 6 THE the DT 34823 79 7 VOLUME volume NN 34823 79 8 OF of IN 34823 79 9 TRADE trade NN 34823 79 10 -- -- : 34823 79 11 TRADE trade NN 34823 79 12 AND and CC 34823 79 13 SPECULATION speculation NN 34823 79 14 Quantity quantity NN 34823 79 15 theory theory NN 34823 79 16 doctrine doctrine NN 34823 79 17 that that DT 34823 79 18 volume volume NN 34823 79 19 of of IN 34823 79 20 trade trade NN 34823 79 21 , , , 34823 79 22 and and CC 34823 79 23 volume volume NN 34823 79 24 of of IN 34823 79 25 money money NN 34823 79 26 ( ( -LRB- 34823 79 27 and and CC 34823 79 28 credit credit NN 34823 79 29 ) ) -RRB- 34823 79 30 , , , 34823 79 31 are be VBP 34823 79 32 independent independent JJ 34823 79 33 ; ; : 34823 79 34 trade trade NN 34823 79 35 governed govern VBN 34823 79 36 by by IN 34823 79 37 physical physical JJ 34823 79 38 and and CC 34823 79 39 technical technical JJ 34823 79 40 conditions condition NNS 34823 79 41 , , , 34823 79 42 not not RB 34823 79 43 money money NN 34823 79 44 216 216 CD 34823 79 45 - - SYM 34823 79 46 219 219 CD 34823 79 47 View view NN 34823 79 48 that that DT 34823 79 49 quantity quantity NN 34823 79 50 of of IN 34823 79 51 money money NN 34823 79 52 vitally vitally RB 34823 79 53 affects affect VBZ 34823 79 54 production production NN 34823 79 55 and and CC 34823 79 56 trade trade NN 34823 79 57 219 219 CD 34823 79 58 Walker Walker NNP 34823 79 59 , , , 34823 79 60 Sombart Sombart NNP 34823 79 61 , , , 34823 79 62 Withers Withers NNP 34823 79 63 , , , 34823 79 64 Price Price NNP 34823 79 65 , , , 34823 79 66 Holt Holt NNP 34823 79 67 219 219 CD 34823 79 68 - - HYPH 34823 79 69 222 222 CD 34823 79 70 Increase increase NN 34823 79 71 of of IN 34823 79 72 money money NN 34823 79 73 increases increase VBZ 34823 79 74 trade trade NN 34823 79 75 , , , 34823 79 76 even even RB 34823 79 77 on on IN 34823 79 78 static static JJ 34823 79 79 theory theory NN 34823 79 80 : : : 34823 79 81 increase increase NN 34823 79 82 of of IN 34823 79 83 money money NN 34823 79 84 increase increase NN 34823 79 85 of of IN 34823 79 86 capital capital NN 34823 79 87 ; ; , 34823 79 88 lowered lower VBN 34823 79 89 margin margin NN 34823 79 90 in in IN 34823 79 91 exchanges exchange NNS 34823 79 92 ; ; : 34823 79 93 money money NN 34823 79 94 - - HYPH 34823 79 95 rates rate NNS 34823 79 96 and and CC 34823 79 97 interest interest NN 34823 79 98 ; ; : 34823 79 99 money money NN 34823 79 100 tool tool NN 34823 79 101 of of IN 34823 79 102 exchange exchange NN 34823 79 103 ; ; : 34823 79 104 elasticity elasticity NN 34823 79 105 of of IN 34823 79 106 demand demand NN 34823 79 107 for for IN 34823 79 108 money money NN 34823 79 109 - - HYPH 34823 79 110 service service NN 34823 79 111 ; ; : 34823 79 112 in in IN 34823 79 113 Arizona Arizona NNP 34823 79 114 and and CC 34823 79 115 New New NNP 34823 79 116 York York NNP 34823 79 117 City City NNP 34823 79 118 222 222 CD 34823 79 119 - - SYM 34823 79 120 225 225 CD 34823 79 121 _ _ NNP 34823 79 122 Trade Trade NNP 34823 79 123 _ _ NNP 34823 79 124 distinguished distinguish VBD 34823 79 125 from from IN 34823 79 126 _ _ NNP 34823 79 127 production production NN 34823 79 128 _ _ NNP 34823 79 129 and and CC 34823 79 130 from from IN 34823 79 131 _ _ NNP 34823 79 132 stock stock NN 34823 79 133 _ _ NNP 34823 79 134 225 225 CD 34823 79 135 - - SYM 34823 79 136 226 226 CD 34823 79 137 Trade Trade NNP 34823 79 138 chiefly chiefly JJ 34823 79 139 speculation speculation NN 34823 79 140 ; ; : 34823 79 141 Fisher Fisher NNP 34823 79 142 's 's POS 34823 79 143 $ $ $ 34823 79 144 387,000,000,000 387,000,000,000 CD 34823 79 145 of of IN 34823 79 146 trade trade NN 34823 79 147 in in IN 34823 79 148 U. U. NNP 34823 79 149 S. S. NNP 34823 79 150 in in IN 34823 79 151 1909 1909 CD 34823 79 152 analyzed analyze VBD 34823 79 153 ; ; : 34823 79 154 index index NN 34823 79 155 of of IN 34823 79 156 variation variation NN 34823 79 157 in in IN 34823 79 158 trade trade NN 34823 79 159 ; ; : 34823 79 160 figure figure NN 34823 79 161 based base VBN 34823 79 162 on on IN 34823 79 163 Kinley Kinley NNP 34823 79 164 's 's POS 34823 79 165 returns return NNS 34823 79 166 from from IN 34823 79 167 12,000 12,000 CD 34823 79 168 banks bank NNS 34823 79 169 ; ; : 34823 79 170 double double JJ 34823 79 171 - - HYPH 34823 79 172 counting count VBG 34823 79 173 227 227 CD 34823 79 174 - - SYM 34823 79 175 230 230 CD 34823 79 176 Figure figure NN 34823 79 177 largely largely RB 34823 79 178 represents represent VBZ 34823 79 179 speculation speculation NN 34823 79 180 ; ; : 34823 79 181 statistics statistic NNS 34823 79 182 of of IN 34823 79 183 total total JJ 34823 79 184 wealth wealth NN 34823 79 185 of of IN 34823 79 186 U. U. NNP 34823 79 187 S. S. NNP 34823 79 188 ; ; : 34823 79 189 small small JJ 34823 79 190 rôle rôle NN 34823 79 191 of of IN 34823 79 192 wholesale wholesale JJ 34823 79 193 and and CC 34823 79 194 retail retail JJ 34823 79 195 deposits deposit NNS 34823 79 196 ; ; : 34823 79 197 " " `` 34823 79 198 all all DT 34823 79 199 other other JJ 34823 79 200 deposits deposit NNS 34823 79 201 " " '' 34823 79 202 bunched bunch VBN 34823 79 203 in in IN 34823 79 204 speculative speculative JJ 34823 79 205 centers center NNS 34823 79 206 , , , 34823 79 207 especially especially RB 34823 79 208 New New NNP 34823 79 209 York York NNP 34823 79 210 ; ; : 34823 79 211 trifling trifle VBG 34823 79 212 " " `` 34823 79 213 deposits deposit NNS 34823 79 214 " " '' 34823 79 215 in in IN 34823 79 216 country country NN 34823 79 217 banks bank NNS 34823 79 218 ; ; : 34823 79 219 evidence evidence NN 34823 79 220 of of IN 34823 79 221 bank bank NN 34823 79 222 - - HYPH 34823 79 223 clearings clearing NNS 34823 79 224 : : : 34823 79 225 clearings clearing NNS 34823 79 226 and and CC 34823 79 227 stock stock NN 34823 79 228 speculation speculation NN 34823 79 229 ; ; : 34823 79 230 clearings clearing NNS 34823 79 231 and and CC 34823 79 232 ordinary ordinary JJ 34823 79 233 business business NN 34823 79 234 230 230 CD 34823 79 235 - - SYM 34823 79 236 241 241 CD 34823 79 237 Measurement Measurement NNP 34823 79 238 of of IN 34823 79 239 " " `` 34823 79 240 ordinary ordinary JJ 34823 79 241 trade trade NN 34823 79 242 " " '' 34823 79 243 241 241 CD 34823 79 244 - - HYPH 34823 79 245 248 248 CD 34823 79 246 Volume volume NN 34823 79 247 of of IN 34823 79 248 stock stock NN 34823 79 249 speculation speculation NN 34823 79 250 248 248 CD 34823 79 251 - - SYM 34823 79 252 251 251 CD 34823 79 253 Commodity Commodity NNP 34823 79 254 speculation speculation NN 34823 79 255 251 251 CD 34823 79 256 - - HYPH 34823 79 257 252 252 CD 34823 79 258 Unorganized unorganized JJ 34823 79 259 speculation speculation NN 34823 79 260 252 252 CD 34823 79 261 - - HYPH 34823 79 262 254 254 CD 34823 79 263 Bill Bill NNP 34823 79 264 and and CC 34823 79 265 note note VB 34823 79 266 speculation speculation NN 34823 79 267 255 255 CD 34823 79 268 Fisher Fisher NNP 34823 79 269 's 's POS 34823 79 270 and and CC 34823 79 271 Kemmerer Kemmerer NNP 34823 79 272 's 's POS 34823 79 273 indicia indicia NN 34823 79 274 of of IN 34823 79 275 trade trade NN 34823 79 276 variation variation NN 34823 79 277 wholly wholly RB 34823 79 278 misleading mislead VBG 34823 79 279 255 255 CD 34823 79 280 - - SYM 34823 79 281 257 257 CD 34823 79 282 Production Production NNP 34823 79 283 waits wait VBZ 34823 79 284 on on IN 34823 79 285 trade trade NN 34823 79 286 ; ; , 34823 79 287 selling sell VBG 34823 79 288 costs cost NNS 34823 79 289 _ _ NNP 34823 79 290 vs. vs. IN 34823 79 291 _ _ NNP 34823 79 292 " " `` 34823 79 293 cost cost NN 34823 79 294 of of IN 34823 79 295 production production NN 34823 79 296 " " '' 34823 79 297 ; ; : 34823 79 298 " " `` 34823 79 299 good good JJ 34823 79 300 will will NN 34823 79 301 " " '' 34823 79 302 ; ; , 34823 79 303 are be VBP 34823 79 304 banks bank NNS 34823 79 305 useless useless JJ 34823 79 306 ? ? . 34823 80 1 257 257 CD 34823 80 2 - - SYM 34823 80 3 262 262 CD 34823 80 4 " " `` 34823 80 5 Normal Normal NNP 34823 80 6 _ _ NNP 34823 80 7 vs. vs. IN 34823 80 8 _ _ NNP 34823 80 9 transitional transitional NN 34823 80 10 " " '' 34823 80 11 : : : 34823 80 12 statics statics NNP 34823 80 13 _ _ NNP 34823 80 14 vs. vs. IN 34823 80 15 _ _ NNP 34823 80 16 dynamics dynamic NNS 34823 80 17 ; ; : 34823 80 18 money money NN 34823 80 19 and and CC 34823 80 20 credit credit NN 34823 80 21 make make VBP 34823 80 22 static static JJ 34823 80 23 assumptions assumption NNS 34823 80 24 possible possible JJ 34823 80 25 ; ; : 34823 80 26 very very RB 34823 80 27 little little JJ 34823 80 28 trade trade NN 34823 80 29 in in IN 34823 80 30 " " `` 34823 80 31 normal normal JJ 34823 80 32 equilibrium equilibrium NN 34823 80 33 " " '' 34823 80 34 or or CC 34823 80 35 static static JJ 34823 80 36 state state NN 34823 80 37 ; ; : 34823 80 38 volume volume NN 34823 80 39 of of IN 34823 80 40 trade trade NN 34823 80 41 depends depend VBZ 34823 80 42 on on IN 34823 80 43 transitions transition NNS 34823 80 44 and and CC 34823 80 45 dynamic dynamic JJ 34823 80 46 changes change NNS 34823 80 47 ; ; : 34823 80 48 functional functional JJ 34823 80 49 theory theory NN 34823 80 50 of of IN 34823 80 51 money money NN 34823 80 52 and and CC 34823 80 53 credit credit NN 34823 80 54 must must MD 34823 80 55 be be VB 34823 80 56 dynamic dynamic JJ 34823 80 57 theory theory NN 34823 80 58 ; ; , 34823 80 59 abstraction abstraction NN 34823 80 60 from from IN 34823 80 61 money money NN 34823 80 62 by by IN 34823 80 63 static static JJ 34823 80 64 theory theory NN 34823 80 65 ; ; : 34823 80 66 no no DT 34823 80 67 static static JJ 34823 80 68 theory theory NN 34823 80 69 of of IN 34823 80 70 money money NN 34823 80 71 and and CC 34823 80 72 credit credit NN 34823 80 73 possible possible JJ 34823 80 74 ; ; : 34823 80 75 quantity quantity NN 34823 80 76 theory theory NN 34823 80 77 misses miss VBZ 34823 80 78 whole whole JJ 34823 80 79 point point NN 34823 80 80 of of IN 34823 80 81 money money NN 34823 80 82 - - HYPH 34823 80 83 functions function NNS 34823 80 84 262 262 CD 34823 80 85 - - HYPH 34823 80 86 266 266 CD 34823 80 87 APPENDIX APPENDIX NNP 34823 80 88 TO to IN 34823 80 89 CHAPTER CHAPTER NNP 34823 80 90 XIII XIII NNP 34823 80 91 THE the DT 34823 80 92 RELATION relation NN 34823 80 93 OF of IN 34823 80 94 FOREIGN foreign JJ 34823 80 95 TO to TO 34823 80 96 DOMESTIC domestic VB 34823 80 97 TRADE trade NN 34823 80 98 IN in IN 34823 80 99 THE the DT 34823 80 100 UNITED UNITED NNP 34823 80 101 STATES STATES NNP 34823 80 102 Ambiguity ambiguity NN 34823 80 103 of of IN 34823 80 104 " " `` 34823 80 105 domestic domestic JJ 34823 80 106 trade trade NN 34823 80 107 " " '' 34823 80 108 : : : 34823 80 109 figures figure NNS 34823 80 110 comparable comparable JJ 34823 80 111 with with IN 34823 80 112 export export NN 34823 80 113 and and CC 34823 80 114 import import NN 34823 80 115 figures figure NNS 34823 80 116 can can MD 34823 80 117 not not RB 34823 80 118 include include VB 34823 80 119 turnovers turnover NNS 34823 80 120 ; ; : 34823 80 121 net net JJ 34823 80 122 income income NN 34823 80 123 of of IN 34823 80 124 United United NNP 34823 80 125 States States NNP 34823 80 126 , , , 34823 80 127 minus minus CC 34823 80 128 imports import NNS 34823 80 129 on on IN 34823 80 130 retail retail JJ 34823 80 131 basis basis NN 34823 80 132 , , , 34823 80 133 counted count VBD 34823 80 134 as as IN 34823 80 135 domestic domestic JJ 34823 80 136 trade trade NN 34823 80 137 ; ; : 34823 80 138 exports export NNS 34823 80 139 on on IN 34823 80 140 retail retail JJ 34823 80 141 basis basis NN 34823 80 142 counted count VBN 34823 80 143 as as IN 34823 80 144 foreign foreign JJ 34823 80 145 trade trade NN 34823 80 146 ; ; , 34823 80 147 net net JJ 34823 80 148 income income NN 34823 80 149 for for IN 34823 80 150 1910 1910 CD 34823 80 151 ; ; : 34823 80 152 index index NN 34823 80 153 of of IN 34823 80 154 variation variation NN 34823 80 155 for for IN 34823 80 156 other other JJ 34823 80 157 years year NNS 34823 80 158 ; ; : 34823 80 159 cautions caution NNS 34823 80 160 and and CC 34823 80 161 qualifications qualification NNS 34823 80 162 ; ; : 34823 80 163 ratio ratio NN 34823 80 164 of of IN 34823 80 165 foreign foreign NN 34823 80 166 to to IN 34823 80 167 domestic domestic JJ 34823 80 168 trade trade NN 34823 80 169 , , , 34823 80 170 1890 1890 CD 34823 80 171 - - SYM 34823 80 172 1916 1916 CD 34823 80 173 267 267 CD 34823 80 174 - - HYPH 34823 80 175 278 278 CD 34823 80 176 CHAPTER chapter NN 34823 80 177 XIV xiv NN 34823 80 178 THE the DT 34823 80 179 VOLUME volume NN 34823 80 180 OF of IN 34823 80 181 TRADE trade NN 34823 80 182 AND and CC 34823 80 183 THE the DT 34823 80 184 VOLUME volume NN 34823 80 185 OF of IN 34823 80 186 MONEY money NN 34823 80 187 AND and CC 34823 80 188 CREDIT CREDIT NNP 34823 80 189 Interdependence interdependence NN 34823 80 190 of of IN 34823 80 191 trade trade NN 34823 80 192 , , , 34823 80 193 and and CC 34823 80 194 money money NN 34823 80 195 ( ( -LRB- 34823 80 196 and and CC 34823 80 197 credit credit NN 34823 80 198 ) ) -RRB- 34823 80 199 ; ; : 34823 80 200 increasing increase VBG 34823 80 201 trade trade NN 34823 80 202 causes cause NNS 34823 80 203 increase increase NN 34823 80 204 of of IN 34823 80 205 money money NN 34823 80 206 and and CC 34823 80 207 credit credit NN 34823 80 208 279 279 CD 34823 80 209 - - SYM 34823 80 210 281 281 CD 34823 80 211 Quantity Quantity NNP 34823 80 212 theory theory NN 34823 80 213 doctrine doctrine NN 34823 80 214 : : : 34823 80 215 Fisher Fisher NNP 34823 80 216 _ _ NNP 34823 80 217 vs. vs. IN 34823 80 218 _ _ NNP 34823 80 219 Laughlin Laughlin NNP 34823 80 220 281 281 CD 34823 80 221 - - HYPH 34823 80 222 282 282 CD 34823 80 223 Quantity quantity NN 34823 80 224 theory theory NN 34823 80 225 has have VBZ 34823 80 226 no no DT 34823 80 227 explanation explanation NN 34823 80 228 of of IN 34823 80 229 elastic elastic JJ 34823 80 230 bank bank NN 34823 80 231 credit credit NN 34823 80 232 : : : 34823 80 233 " " `` 34823 80 234 Currency Currency NNP 34823 80 235 Theory Theory NNP 34823 80 236 " " '' 34823 80 237 of of IN 34823 80 238 deposits deposit NNS 34823 80 239 282 282 CD 34823 80 240 - - SYM 34823 80 241 285 285 CD 34823 80 242 Loans loan NNS 34823 80 243 and and CC 34823 80 244 deposits deposit VBZ 34823 80 245 285 285 CD 34823 80 246 - - SYM 34823 80 247 288 288 CD 34823 80 248 Bills Bills NNPS 34823 80 249 of of IN 34823 80 250 exchange exchange NN 34823 80 251 288 288 CD 34823 80 252 - - HYPH 34823 80 253 290 290 CD 34823 80 254 Summary Summary NNP 34823 80 255 of of IN 34823 80 256 quantity quantity NN 34823 80 257 theory theory NN 34823 80 258 doctrine doctrine VB 34823 80 259 290 290 CD 34823 80 260 - - SYM 34823 80 261 291 291 CD 34823 80 262 CHAPTER chapter NN 34823 80 263 XV XV NNP 34823 80 264 THE the DT 34823 80 265 QUANTITY QUANTITY NNP 34823 80 266 THEORY theory NN 34823 80 267 : : : 34823 80 268 THE the DT 34823 80 269 " " `` 34823 80 270 PASSIVENESS passiveness NN 34823 80 271 OF of IN 34823 80 272 PRICES prices NN 34823 80 273 " " '' 34823 80 274 Heart heart NN 34823 80 275 of of IN 34823 80 276 quantity quantity NN 34823 80 277 theory theory NN 34823 80 278 : : : 34823 80 279 price price NN 34823 80 280 - - HYPH 34823 80 281 level level NN 34823 80 282 can can MD 34823 80 283 not not RB 34823 80 284 change change VB 34823 80 285 without without IN 34823 80 286 prior prior JJ 34823 80 287 change change NN 34823 80 288 in in IN 34823 80 289 money money NN 34823 80 290 , , , 34823 80 291 deposits deposit NNS 34823 80 292 , , , 34823 80 293 trade trade NN 34823 80 294 , , , 34823 80 295 or or CC 34823 80 296 velocities velocity NNS 34823 80 297 : : : 34823 80 298 independently independently RB 34823 80 299 rising rise VBG 34823 80 300 price price NN 34823 80 301 - - HYPH 34823 80 302 level level NN 34823 80 303 , , , 34823 80 304 unable unable JJ 34823 80 305 to to TO 34823 80 306 alter alter VB 34823 80 307 trade trade NN 34823 80 308 or or CC 34823 80 309 velocities velocity NNS 34823 80 310 , , , 34823 80 311 would would MD 34823 80 312 drive drive VB 34823 80 313 money money NN 34823 80 314 away away RB 34823 80 315 , , , 34823 80 316 and and CC 34823 80 317 so so RB 34823 80 318 be be VB 34823 80 319 unable unable JJ 34823 80 320 to to TO 34823 80 321 sustain sustain VB 34823 80 322 itself -PRON- PRP 34823 80 323 ; ; : 34823 80 324 individual individual JJ 34823 80 325 prices price NNS 34823 80 326 can can MD 34823 80 327 rise rise VB 34823 80 328 independently independently RB 34823 80 329 , , , 34823 80 330 but but CC 34823 80 331 other other JJ 34823 80 332 prices price NNS 34823 80 333 must must MD 34823 80 334 fall fall VB 34823 80 335 to to TO 34823 80 336 compensate compensate VB 34823 80 337 292 292 CD 34823 80 338 - - SYM 34823 80 339 295 295 CD 34823 80 340 Criticism Criticism NNP 34823 80 341 : : : 34823 80 342 argument argument NN 34823 80 343 impressive impressive NN 34823 80 344 only only RB 34823 80 345 because because IN 34823 80 346 it -PRON- PRP 34823 80 347 assumes assume VBZ 34823 80 348 an an DT 34823 80 349 _ _ NNP 34823 80 350 uncaused uncaused JJ 34823 80 351 _ _ NNP 34823 80 352 rise rise NN 34823 80 353 in in IN 34823 80 354 general general JJ 34823 80 355 price price NN 34823 80 356 - - HYPH 34823 80 357 level level NN 34823 80 358 ; ; : 34823 80 359 when when WRB 34823 80 360 causes cause VBZ 34823 80 361 assigned assign VBN 34823 80 362 , , , 34823 80 363 prices price NNS 34823 80 364 can can MD 34823 80 365 independently independently RB 34823 80 366 rise rise VB 34823 80 367 , , , 34823 80 368 compelling compelling JJ 34823 80 369 modification modification NN 34823 80 370 in in IN 34823 80 371 other other JJ 34823 80 372 factors factor NNS 34823 80 373 in in IN 34823 80 374 " " `` 34823 80 375 equation equation NNP 34823 80 376 of of IN 34823 80 377 exchange exchange NNP 34823 80 378 " " '' 34823 80 379 ; ; : 34823 80 380 " " `` 34823 80 381 transitional transitional JJ 34823 80 382 " " '' 34823 80 383 and and CC 34823 80 384 " " `` 34823 80 385 normal normal JJ 34823 80 386 " " '' 34823 80 387 effects effect NNS 34823 80 388 : : : 34823 80 389 instances instance NNS 34823 80 390 295 295 CD 34823 80 391 - - SYM 34823 80 392 299 299 CD 34823 80 393 Quantity quantity NN 34823 80 394 theory theory NN 34823 80 395 conflicts conflict NNS 34823 80 396 with with IN 34823 80 397 supply supply NN 34823 80 398 and and CC 34823 80 399 demand demand NN 34823 80 400 : : : 34823 80 401 supply supply NN 34823 80 402 and and CC 34823 80 403 demand demand NN 34823 80 404 holds hold VBZ 34823 80 405 good good JJ 34823 80 406 : : : 34823 80 407 particular particular JJ 34823 80 408 prices price NNS 34823 80 409 and and CC 34823 80 410 price price NN 34823 80 411 - - HYPH 34823 80 412 level level NN 34823 80 413 299 299 CD 34823 80 414 - - SYM 34823 80 415 300 300 CD 34823 80 416 Generalization Generalization NNP 34823 80 417 of of IN 34823 80 418 conflict conflict NN 34823 80 419 to to TO 34823 80 420 include include VB 34823 80 421 cost cost NN 34823 80 422 of of IN 34823 80 423 production production NN 34823 80 424 , , , 34823 80 425 capitalization capitalization NN 34823 80 426 theory theory NN 34823 80 427 , , , 34823 80 428 imputation imputation NN 34823 80 429 theory theory NN 34823 80 430 300 300 CD 34823 80 431 Capitalization Capitalization NNP 34823 80 432 theory theory NN 34823 80 433 _ _ NNP 34823 80 434 vs. vs. IN 34823 80 435 _ _ NNP 34823 80 436 quantity quantity NN 34823 80 437 theory theory NN 34823 80 438 ; ; , 34823 80 439 different different JJ 34823 80 440 psychological psychological JJ 34823 80 441 assumptions assumption NNS 34823 80 442 of of IN 34823 80 443 the the DT 34823 80 444 two two CD 34823 80 445 theories theory NNS 34823 80 446 300 300 CD 34823 80 447 - - SYM 34823 80 448 306 306 CD 34823 80 449 Cost cost NN 34823 80 450 of of IN 34823 80 451 production production NN 34823 80 452 _ _ NNP 34823 80 453 vs. vs. IN 34823 80 454 _ _ NNP 34823 80 455 quantity quantity NN 34823 80 456 theory theory NN 34823 80 457 ; ; , 34823 80 458 money-_income money-_income NNP 34823 80 459 _ _ NNP 34823 80 460 _ _ NNP 34823 80 461 vs. vs. IN 34823 80 462 _ _ NNP 34823 80 463 quantity quantity NN 34823 80 464 of of IN 34823 80 465 money money NN 34823 80 466 306 306 CD 34823 80 467 - - SYM 34823 80 468 308 308 CD 34823 80 469 Quantity quantity NN 34823 80 470 theory theory NN 34823 80 471 false false JJ 34823 80 472 , , , 34823 80 473 granting grant VBG 34823 80 474 all all PDT 34823 80 475 its -PRON- PRP$ 34823 80 476 assumptions assumption NNS 34823 80 477 308 308 CD 34823 80 478 - - HYPH 34823 80 479 310 310 CD 34823 80 480 Doctrine Doctrine NNP 34823 80 481 that that DT 34823 80 482 price price NN 34823 80 483 - - HYPH 34823 80 484 level level NN 34823 80 485 independent independent JJ 34823 80 486 of of IN 34823 80 487 particular particular JJ 34823 80 488 prices price NNS 34823 80 489 , , , 34823 80 490 and and CC 34823 80 491 presupposed presuppose VBN 34823 80 492 by by IN 34823 80 493 them -PRON- PRP 34823 80 494 , , , 34823 80 495 false false JJ 34823 80 496 ; ; , 34823 80 497 absolute absolute JJ 34823 80 498 value value NN 34823 80 499 of of IN 34823 80 500 money money NN 34823 80 501 , , , 34823 80 502 not not RB 34823 80 503 price price NN 34823 80 504 - - HYPH 34823 80 505 level level NN 34823 80 506 , , , 34823 80 507 presupposed presuppose VBN 34823 80 508 ; ; : 34823 80 509 price price NN 34823 80 510 - - HYPH 34823 80 511 level level NN 34823 80 512 may may MD 34823 80 513 change change VB 34823 80 514 with with IN 34823 80 515 value value NN 34823 80 516 of of IN 34823 80 517 money money NN 34823 80 518 constant constant JJ 34823 80 519 , , , 34823 80 520 through through IN 34823 80 521 changes change NNS 34823 80 522 in in IN 34823 80 523 absolute absolute JJ 34823 80 524 values value NNS 34823 80 525 of of IN 34823 80 526 goods good NNS 34823 80 527 310 310 CD 34823 80 528 - - SYM 34823 80 529 314 314 CD 34823 80 530 CHAPTER chapter NN 34823 80 531 XVI XVI NNP 34823 80 532 THE the DT 34823 80 533 QUANTITY QUANTITY NNP 34823 80 534 THEORY theory NN 34823 80 535 AND and CC 34823 80 536 INTERNATIONAL INTERNATIONAL NNP 34823 80 537 GOLD gold NN 34823 80 538 MOVEMENTS MOVEMENTS NNP 34823 80 539 Quantity Quantity NNP 34823 80 540 theory theory NN 34823 80 541 holds hold VBZ 34823 80 542 that that IN 34823 80 543 gold gold JJ 34823 80 544 movements movement NNS 34823 80 545 depend depend VBP 34823 80 546 on on IN 34823 80 547 price-_levels price-_level NNS 34823 80 548 _ _ NNP 34823 80 549 ; ; : 34823 80 550 but but CC 34823 80 551 price price NN 34823 80 552 - - HYPH 34823 80 553 level level NN 34823 80 554 mere mere JJ 34823 80 555 average average NN 34823 80 556 , , , 34823 80 557 cause cause IN 34823 80 558 of of IN 34823 80 559 nothing nothing NN 34823 80 560 315 315 CD 34823 80 561 - - SYM 34823 80 562 316 316 CD 34823 80 563 Some some DT 34823 80 564 prices price NNS 34823 80 565 , , , 34823 80 566 rising rise VBG 34823 80 567 , , , 34823 80 568 tend tend VB 34823 80 569 to to TO 34823 80 570 repel repel VB 34823 80 571 gold gold NN 34823 80 572 , , , 34823 80 573 but but CC 34823 80 574 most most JJS 34823 80 575 prices price NNS 34823 80 576 have have VBP 34823 80 577 no no DT 34823 80 578 such such JJ 34823 80 579 effect effect NN 34823 80 580 316 316 CD 34823 80 581 - - SYM 34823 80 582 317 317 CD 34823 80 583 Some some DT 34823 80 584 prices price NNS 34823 80 585 , , , 34823 80 586 rising rise VBG 34823 80 587 , , , 34823 80 588 bring bring VB 34823 80 589 in in RB 34823 80 590 gold gold JJ 34823 80 591 317 317 CD 34823 80 592 - - SYM 34823 80 593 319 319 CD 34823 80 594 Gold Gold NNP 34823 80 595 movements movement NNS 34823 80 596 and and CC 34823 80 597 money money NN 34823 80 598 - - HYPH 34823 80 599 rates rate NNS 34823 80 600 319 319 CD 34823 80 601 - - SYM 34823 80 602 320 320 CD 34823 80 603 CHAPTER chapter NN 34823 80 604 XVII XVII NNP 34823 80 605 THE the DT 34823 80 606 QUANTITY QUANTITY NNP 34823 80 607 THEORY THEORY NNP 34823 80 608 _ _ NNP 34823 80 609 vs. vs. IN 34823 80 610 _ _ NNP 34823 80 611 GRESHAM GRESHAM NNP 34823 80 612 'S 'S NNP 34823 80 613 LAW LAW NNP 34823 80 614 321 321 CD 34823 80 615 - - HYPH 34823 80 616 323 323 CD 34823 80 617 CHAPTER chapter NN 34823 80 618 XVIII xviii NN 34823 80 619 THE the DT 34823 80 620 QUANTITY QUANTITY NNP 34823 80 621 THEORY theory NN 34823 80 622 AND and CC 34823 80 623 " " `` 34823 80 624 WORLD world NN 34823 80 625 PRICES prices NN 34823 80 626 " " '' 34823 80 627 Types type NNS 34823 80 628 of of IN 34823 80 629 quantity quantity NN 34823 80 630 theory theory NN 34823 80 631 : : : 34823 80 632 world world NN 34823 80 633 's 's POS 34823 80 634 volume volume NN 34823 80 635 of of IN 34823 80 636 _ _ NNP 34823 80 637 gold gold NN 34823 80 638 vs. vs. IN 34823 80 639 _ _ NNP 34823 80 640 quantity quantity NN 34823 80 641 of of IN 34823 80 642 _ _ NNP 34823 80 643 money money NN 34823 80 644 _ _ NNP 34823 80 645 in in IN 34823 80 646 given give VBN 34823 80 647 country country NN 34823 80 648 ; ; , 34823 80 649 standard standard NNP 34823 80 650 _ _ NNP 34823 80 651 vs. vs. IN 34823 80 652 _ _ NNP 34823 80 653 token token JJ 34823 80 654 money money NN 34823 80 655 ; ; : 34823 80 656 abandonment abandonment NN 34823 80 657 of of IN 34823 80 658 dodo dodo NN 34823 80 659 - - HYPH 34823 80 660 bone bone NN 34823 80 661 theory theory NN 34823 80 662 and and CC 34823 80 663 " " `` 34823 80 664 equation equation NN 34823 80 665 of of IN 34823 80 666 exchange exchange NN 34823 80 667 " " `` 34823 80 668 324 324 CD 34823 80 669 - - SYM 34823 80 670 326 326 CD 34823 80 671 Credit Credit NNP 34823 80 672 does do VBZ 34823 80 673 not not RB 34823 80 674 rest rest VB 34823 80 675 on on IN 34823 80 676 money money NN 34823 80 677 : : : 34823 80 678 measure measure NN 34823 80 679 of of IN 34823 80 680 values value NNS 34823 80 681 _ _ NNP 34823 80 682 vs. vs. IN 34823 80 683 _ _ NNP 34823 80 684 reserves reserve NNS 34823 80 685 ; ; : 34823 80 686 loans loan NNS 34823 80 687 and and CC 34823 80 688 wealth wealth NN 34823 80 689 ; ; , 34823 80 690 value value NN 34823 80 691 of of IN 34823 80 692 money money NN 34823 80 693 _ _ NNP 34823 80 694 vs. vs. IN 34823 80 695 _ _ NNP 34823 80 696 price price NN 34823 80 697 - - HYPH 34823 80 698 level level NN 34823 80 699 326 326 CD 34823 80 700 - - SYM 34823 80 701 328 328 CD 34823 80 702 Loose loose JJ 34823 80 703 relation relation NN 34823 80 704 of of IN 34823 80 705 reserves reserve NNS 34823 80 706 and and CC 34823 80 707 credit credit NN 34823 80 708 in in IN 34823 80 709 world world NN 34823 80 710 as as IN 34823 80 711 whole whole JJ 34823 80 712 ; ; : 34823 80 713 no no DT 34823 80 714 proportionality proportionality NN 34823 80 715 of of IN 34823 80 716 quantity quantity NN 34823 80 717 of of IN 34823 80 718 gold gold NN 34823 80 719 to to IN 34823 80 720 value value NN 34823 80 721 of of IN 34823 80 722 gold gold NN 34823 80 723 ; ; : 34823 80 724 no no DT 34823 80 725 quantity quantity NN 34823 80 726 theory theory NN 34823 80 727 needed need VBN 34823 80 728 to to TO 34823 80 729 assert assert VB 34823 80 730 that that DT 34823 80 731 value value NN 34823 80 732 of of IN 34823 80 733 gold gold NN 34823 80 734 related relate VBN 34823 80 735 to to IN 34823 80 736 its -PRON- PRP$ 34823 80 737 quantity quantity NN 34823 80 738 328 328 CD 34823 80 739 - - SYM 34823 80 740 330 330 CD 34823 80 741 CHAPTER CHAPTER NNP 34823 80 742 XIX xix NN 34823 80 743 STATISTICAL statistical JJ 34823 80 744 DEMONSTRATIONS demonstrations NN 34823 80 745 OF of IN 34823 80 746 THE the DT 34823 80 747 QUANTITY QUANTITY NNP 34823 80 748 THEORY theory NN 34823 80 749 -- -- : 34823 80 750 THE the DT 34823 80 751 REDISCOVERY rediscovery NN 34823 80 752 OF of IN 34823 80 753 A a DT 34823 80 754 BURIED BURIED NNP 34823 80 755 CITY CITY NNP 34823 80 756 Criticism Criticism NNP 34823 80 757 of of IN 34823 80 758 quantity quantity NN 34823 80 759 theory theory NN 34823 80 760 statistics statistic NNS 34823 80 761 yields yield NNS 34823 80 762 constructive constructive JJ 34823 80 763 conclusions conclusion NNS 34823 80 764 ; ; : 34823 80 765 Mitchell Mitchell NNP 34823 80 766 and and CC 34823 80 767 Greenbacks Greenbacks NNP 34823 80 768 ; ; : 34823 80 769 Kemmerer Kemmerer NNP 34823 80 770 's 's POS 34823 80 771 and and CC 34823 80 772 Fisher Fisher NNP 34823 80 773 's 's POS 34823 80 774 statistics statistic NNS 34823 80 775 of of IN 34823 80 776 " " `` 34823 80 777 equation equation NNP 34823 80 778 of of IN 34823 80 779 exchange exchange NN 34823 80 780 " " '' 34823 80 781 ; ; : 34823 80 782 Kemmerer Kemmerer NNP 34823 80 783 's 's POS 34823 80 784 criticism criticism NN 34823 80 785 of of IN 34823 80 786 earlier early JJR 34823 80 787 statistics statistic NNS 34823 80 788 331 331 CD 34823 80 789 - - HYPH 34823 80 790 335 335 CD 34823 80 791 Kemmerer Kemmerer NNP 34823 80 792 's 's POS 34823 80 793 and and CC 34823 80 794 Fisher Fisher NNP 34823 80 795 's 's POS 34823 80 796 figures figure NNS 34823 80 797 all all DT 34823 80 798 wrong wrong JJ 34823 80 799 except except IN 34823 80 800 for for IN 34823 80 801 volume volume NN 34823 80 802 of of IN 34823 80 803 money money NN 34823 80 804 and and CC 34823 80 805 deposits deposit NNS 34823 80 806 , , , 34823 80 807 and and CC 34823 80 808 prices price NNS 34823 80 809 in in IN 34823 80 810 base base NN 34823 80 811 year year NN 34823 80 812 ; ; : 34823 80 813 if if IN 34823 80 814 correct correct JJ 34823 80 815 , , , 34823 80 816 would would MD 34823 80 817 not not RB 34823 80 818 prove prove VB 34823 80 819 quantity quantity NN 34823 80 820 theory theory NN 34823 80 821 335 335 CD 34823 80 822 - - SYM 34823 80 823 337 337 CD 34823 80 824 Fisher Fisher NNP 34823 80 825 's 's POS 34823 80 826 statistics statistic NNS 34823 80 827 , , , 34823 80 828 resting rest VBG 34823 80 829 on on IN 34823 80 830 Kemmerer Kemmerer NNP 34823 80 831 's 's POS 34823 80 832 , , , 34823 80 833 chiefly chiefly RB 34823 80 834 studied study VBD 34823 80 835 : : : 34823 80 836 their -PRON- PRP$ 34823 80 837 relation relation NN 34823 80 838 to to IN 34823 80 839 Kinley Kinley NNP 34823 80 840 's 's POS 34823 80 841 " " `` 34823 80 842 deposits deposit NNS 34823 80 843 " " '' 34823 80 844 figures figure VBZ 34823 80 845 337 337 CD 34823 80 846 - - SYM 34823 80 847 338 338 CD 34823 80 848 M´V m´v NN 34823 80 849 ´ ´ CD 34823 80 850 calculated calculate VBN 34823 80 851 : : : 34823 80 852 errors error NNS 34823 80 853 in in IN 34823 80 854 calculation calculation NN 34823 80 855 ; ; : 34823 80 856 New New NNP 34823 80 857 York York NNP 34823 80 858 very very RB 34823 80 859 incomplete incomplete JJ 34823 80 860 in in IN 34823 80 861 Kinley Kinley NNP 34823 80 862 's 's POS 34823 80 863 figures figure NNS 34823 80 864 ; ; : 34823 80 865 private private JJ 34823 80 866 banks bank NNS 34823 80 867 and and CC 34823 80 868 trust trust NN 34823 80 869 companies company NNS 34823 80 870 ; ; : 34823 80 871 clearings clearing NNS 34823 80 872 and and CC 34823 80 873 " " `` 34823 80 874 deposits deposit NNS 34823 80 875 , , , 34823 80 876 " " '' 34823 80 877 in in IN 34823 80 878 New New NNP 34823 80 879 York York NNP 34823 80 880 and and CC 34823 80 881 outside outside RB 34823 80 882 ; ; : 34823 80 883 " " `` 34823 80 884 total total JJ 34823 80 885 transactions transaction NNS 34823 80 886 " " '' 34823 80 887 and and CC 34823 80 888 clearings clearing NNS 34823 80 889 ; ; : 34823 80 890 Fisher Fisher NNP 34823 80 891 exaggerates exaggerate VBZ 34823 80 892 country country NN 34823 80 893 checks check NNS 34823 80 894 by by IN 34823 80 895 at at RB 34823 80 896 least least JJS 34823 80 897 116 116 CD 34823 80 898 billions billion NNS 34823 80 899 , , , 34823 80 900 for for IN 34823 80 901 1909 1909 CD 34823 80 902 ; ; : 34823 80 903 major major JJ 34823 80 904 part part NN 34823 80 905 of of IN 34823 80 906 all all DT 34823 80 907 " " `` 34823 80 908 check check NN 34823 80 909 deposits deposit NNS 34823 80 910 " " '' 34823 80 911 in in IN 34823 80 912 New New NNP 34823 80 913 York York NNP 34823 80 914 City City NNP 34823 80 915 348 348 CD 34823 80 916 - - HYPH 34823 80 917 353 353 CD 34823 80 918 New New NNP 34823 80 919 York York NNP 34823 80 920 as as IN 34823 80 921 " " `` 34823 80 922 clearing clearing NNP 34823 80 923 house house NN 34823 80 924 " " '' 34823 80 925 for for IN 34823 80 926 United United NNP 34823 80 927 States States NNP 34823 80 928 : : : 34823 80 929 extent extent NN 34823 80 930 of of IN 34823 80 931 , , , 34823 80 932 and and CC 34823 80 933 influence influence NN 34823 80 934 of of IN 34823 80 935 on on IN 34823 80 936 New New NNP 34823 80 937 York York NNP 34823 80 938 clearings clearing NNS 34823 80 939 , , , 34823 80 940 much much RB 34823 80 941 overestimated overestimated JJ 34823 80 942 ; ; : 34823 80 943 bulk bulk NN 34823 80 944 of of IN 34823 80 945 New New NNP 34823 80 946 York York NNP 34823 80 947 clearings clearing NNS 34823 80 948 and and CC 34823 80 949 New New NNP 34823 80 950 York York NNP 34823 80 951 " " `` 34823 80 952 deposits deposit NNS 34823 80 953 " " '' 34823 80 954 grow grow VB 34823 80 955 out out IN 34823 80 956 of of IN 34823 80 957 New New NNP 34823 80 958 York York NNP 34823 80 959 business business NN 34823 80 960 353 353 CD 34823 80 961 - - SYM 34823 80 962 361 361 CD 34823 80 963 Index Index NNP 34823 80 964 of of IN 34823 80 965 variation variation NN 34823 80 966 for for IN 34823 80 967 M´V M´V NNP 34823 80 968 ´ ´ NNP 34823 80 969 wrongly wrongly RB 34823 80 970 weighted weight VBD 34823 80 971 ; ; : 34823 80 972 V V NNP 34823 80 973 ´ ´ CD 34823 80 974 wrongly wrongly RB 34823 80 975 calculated calculate VBN 34823 80 976 for for IN 34823 80 977 all all DT 34823 80 978 years year NNS 34823 80 979 ; ; : 34823 80 980 which which WDT 34823 80 981 upsets upset VBZ 34823 80 982 calculation calculation NN 34823 80 983 of of IN 34823 80 984 V V NNP 34823 80 985 361 361 CD 34823 80 986 - - SYM 34823 80 987 363 363 CD 34823 80 988 Volume volume NN 34823 80 989 of of IN 34823 80 990 trade trade NN 34823 80 991 : : : 34823 80 992 greatly greatly RB 34823 80 993 exaggerated exaggerate VBN 34823 80 994 by by IN 34823 80 995 bank bank NN 34823 80 996 transactions transaction NNS 34823 80 997 , , , 34823 80 998 which which WDT 34823 80 999 include include VBP 34823 80 1000 vast vast JJ 34823 80 1001 deal deal NN 34823 80 1002 of of IN 34823 80 1003 duplications duplication NNS 34823 80 1004 in in IN 34823 80 1005 checks check NNS 34823 80 1006 , , , 34823 80 1007 loans loan NNS 34823 80 1008 and and CC 34823 80 1009 repayments repayment NNS 34823 80 1010 , , , 34823 80 1011 etc etc FW 34823 80 1012 . . . 34823 81 1 363 363 CD 34823 81 2 - - SYM 34823 81 3 368 368 CD 34823 81 4 Fisher Fisher NNP 34823 81 5 's 's POS 34823 81 6 reply reply NN 34823 81 7 ; ; : 34823 81 8 _ _ NNP 34823 81 9 under_counting under_counting NN 34823 81 10 offsets offset NNS 34823 81 11 _ _ NNP 34823 81 12 over_counting over_counting NNP 34823 81 13 368 368 CD 34823 81 14 - - SYM 34823 81 15 369 369 CD 34823 81 16 Main main JJ 34823 81 17 items item NNS 34823 81 18 of of IN 34823 81 19 undercounting undercounte VBG 34823 81 20 in in IN 34823 81 21 clearing clear VBG 34823 81 22 houses house NNS 34823 81 23 of of IN 34823 81 24 speculative speculative JJ 34823 81 25 exchanges exchange NNS 34823 81 26 ; ; : 34823 81 27 measurement measurement NN 34823 81 28 of of IN 34823 81 29 , , , 34823 81 30 in in IN 34823 81 31 New New NNP 34823 81 32 York York NNP 34823 81 33 Stock Stock NNP 34823 81 34 Exchange Exchange NNP 34823 81 35 , , , 34823 81 36 and and CC 34823 81 37 Chicago Chicago NNP 34823 81 38 Board Board NNP 34823 81 39 of of IN 34823 81 40 Trade Trade NNP 34823 81 41 ; ; : 34823 81 42 swamped swamp VBN 34823 81 43 by by IN 34823 81 44 call call JJ 34823 81 45 loan loan NN 34823 81 46 transactions transaction NNS 34823 81 47 , , , 34823 81 48 which which WDT 34823 81 49 exceed exceed VBP 34823 81 50 security security NN 34823 81 51 sales sale NNS 34823 81 52 369 369 CD 34823 81 53 - - SYM 34823 81 54 381 381 CD 34823 81 55 Price price NN 34823 81 56 - - HYPH 34823 81 57 indexes index NNS 34823 81 58 of of IN 34823 81 59 Kemmerer Kemmerer NNP 34823 81 60 and and CC 34823 81 61 Fisher Fisher NNP 34823 81 62 , , , 34823 81 63 dominated dominate VBN 34823 81 64 by by IN 34823 81 65 wholesale wholesale JJ 34823 81 66 prices price NNS 34823 81 67 , , , 34823 81 68 have have VBP 34823 81 69 no no DT 34823 81 70 relevance relevance NN 34823 81 71 to to IN 34823 81 72 their -PRON- PRP$ 34823 81 73 " " `` 34823 81 74 equations equation NNS 34823 81 75 of of IN 34823 81 76 exchange exchange NN 34823 81 77 " " `` 34823 81 78 381 381 CD 34823 81 79 - - SYM 34823 81 80 383 383 CD 34823 81 81 In in IN 34823 81 82 general general JJ 34823 81 83 , , , 34823 81 84 their -PRON- PRP$ 34823 81 85 figures figure NNS 34823 81 86 bury bury VBP 34823 81 87 speculation speculation NN 34823 81 88 and and CC 34823 81 89 New New NNP 34823 81 90 York York NNP 34823 81 91 City City NNP 34823 81 92 383 383 CD 34823 81 93 PART PART NNP 34823 81 94 III iii CD 34823 81 95 . . . 34823 82 1 THE the DT 34823 82 2 VALUE value NN 34823 82 3 OF of IN 34823 82 4 MONEY MONEY NNP 34823 82 5 CHAPTER CHAPTER NNP 34823 82 6 XX XX NNP 34823 82 7 RECAPITULATION recapitulation NN 34823 82 8 OF of IN 34823 82 9 POSITIVE POSITIVE NNP 34823 82 10 DOCTRINE DOCTRINE NNP 34823 82 11 Recapitulation Recapitulation NNP 34823 82 12 of of IN 34823 82 13 constructive constructive JJ 34823 82 14 these these DT 34823 82 15 s s NNS 34823 82 16 of of IN 34823 82 17 Parts part NNS 34823 82 18 I -PRON- PRP 34823 82 19 and and CC 34823 82 20 II II NNP 34823 82 21 , , , 34823 82 22 and and CC 34823 82 23 program program NN 34823 82 24 of of IN 34823 82 25 Parts Parts NNP 34823 82 26 III III NNP 34823 82 27 and and CC 34823 82 28 IV IV NNP 34823 82 29 387 387 CD 34823 82 30 - - SYM 34823 82 31 396 396 CD 34823 82 32 CHAPTER chapter NN 34823 82 33 XXI xxi VB 34823 82 34 THE the DT 34823 82 35 ORIGIN origin NN 34823 82 36 OF of IN 34823 82 37 MONEY money NN 34823 82 38 , , , 34823 82 39 AND and CC 34823 82 40 THE the DT 34823 82 41 VALUE value NN 34823 82 42 OF of IN 34823 82 43 GOLD GOLD NNP 34823 82 44 Problem Problem NNP 34823 82 45 stated state VBD 34823 82 46 397 397 CD 34823 82 47 - - SYM 34823 82 48 401 401 CD 34823 82 49 Value Value NNP 34823 82 50 _ _ NNP 34823 82 51 vs. vs. IN 34823 83 1 saleability saleability NNP 34823 83 2 _ _ NNP 34823 83 3 : : : 34823 83 4 degrees degree NNS 34823 83 5 of of IN 34823 83 6 saleability saleability NN 34823 83 7 ; ; , 34823 83 8 theory theory NN 34823 83 9 of of IN 34823 83 10 saleability saleability NN 34823 83 11 ; ; : 34823 83 12 " " `` 34823 83 13 buying buying NN 34823 83 14 price price NN 34823 83 15 " " `` 34823 83 16 _ _ NNP 34823 83 17 vs. vs. IN 34823 83 18 _ _ NNP 34823 83 19 " " `` 34823 83 20 selling selling NN 34823 83 21 price price NN 34823 83 22 " " '' 34823 83 23 ; ; : 34823 83 24 indirect indirect JJ 34823 83 25 exchange exchange NN 34823 83 26 in in IN 34823 83 27 barter barter NN 34823 83 28 economy economy NN 34823 83 29 ; ; , 34823 83 30 development development NN 34823 83 31 of of IN 34823 83 32 commodity commodity NN 34823 83 33 of of IN 34823 83 34 superior superior JJ 34823 83 35 saleability saleability NN 34823 83 36 into into IN 34823 83 37 money money NN 34823 83 38 401 401 CD 34823 83 39 - - SYM 34823 83 40 406 406 CD 34823 83 41 Money Money NNP 34823 83 42 never never RB 34823 83 43 unique unique JJ 34823 83 44 406 406 CD 34823 83 45 - - SYM 34823 83 46 407 407 CD 34823 83 47 Origin origin NN 34823 83 48 of of IN 34823 83 49 gold gold NN 34823 83 50 money money NN 34823 83 51 : : : 34823 83 52 ornament ornament NN 34823 83 53 ; ; : 34823 83 54 store store NN 34823 83 55 of of IN 34823 83 56 value value NN 34823 83 57 ; ; : 34823 83 58 social social JJ 34823 83 59 prestige prestige NN 34823 83 60 of of IN 34823 83 61 prodigality prodigality NN 34823 83 62 and and CC 34823 83 63 of of IN 34823 83 64 ornament ornament NN 34823 83 65 ; ; : 34823 83 66 love love NN 34823 83 67 of of IN 34823 83 68 approbation approbation NN 34823 83 69 , , , 34823 83 70 sex sex NN 34823 83 71 - - HYPH 34823 83 72 impulse impulse NN 34823 83 73 , , , 34823 83 74 and and CC 34823 83 75 competitive competitive JJ 34823 83 76 display display NN 34823 83 77 ; ; , 34823 83 78 elastic elastic JJ 34823 83 79 value value NN 34823 83 80 - - HYPH 34823 83 81 curve curve NN 34823 83 82 of of IN 34823 83 83 gold gold NN 34823 83 84 ; ; : 34823 83 85 industrial industrial JJ 34823 83 86 employments employment NNS 34823 83 87 of of IN 34823 83 88 gold gold NN 34823 83 89 407 407 CD 34823 83 90 - - SYM 34823 83 91 413 413 CD 34823 83 92 Distribution distribution NN 34823 83 93 of of IN 34823 83 94 wealth wealth NN 34823 83 95 and and CC 34823 83 96 power power NN 34823 83 97 , , , 34823 83 98 and and CC 34823 83 99 value value NN 34823 83 100 of of IN 34823 83 101 gold gold NN 34823 83 102 413 413 CD 34823 83 103 - - SYM 34823 83 104 416 416 CD 34823 83 105 CHAPTER chapter NN 34823 83 106 XXII XXII NNS 34823 83 107 THE the DT 34823 83 108 FUNCTIONS FUNCTIONS NNP 34823 83 109 OF of IN 34823 83 110 MONEY MONEY NNP 34823 83 111 AND and CC 34823 83 112 THE the DT 34823 83 113 VALUE value NN 34823 83 114 OF of IN 34823 83 115 MONEY MONEY NNP 34823 83 116 Classification Classification NNP 34823 83 117 417 417 CD 34823 83 118 - - HYPH 34823 83 119 418 418 CD 34823 83 120 Measure measure NN 34823 83 121 of of IN 34823 83 122 values value NNS 34823 83 123 ( ( -LRB- 34823 83 124 standard standard NN 34823 83 125 of of IN 34823 83 126 value value NN 34823 83 127 ) ) -RRB- 34823 83 128 distinguished distinguish VBN 34823 83 129 from from IN 34823 83 130 medium medium NN 34823 83 131 of of IN 34823 83 132 exchange exchange NN 34823 83 133 ; ; : 34823 83 134 former former JJ 34823 83 135 does do VBZ 34823 83 136 not not RB 34823 83 137 add add VB 34823 83 138 value value NN 34823 83 139 to to IN 34823 83 140 money money NN 34823 83 141 metal metal NN 34823 83 142 , , , 34823 83 143 latter latter NNP 34823 83 144 does do VBZ 34823 83 145 418 418 CD 34823 83 146 - - HYPH 34823 83 147 424 424 CD 34823 83 148 Reserve Reserve NNP 34823 83 149 function function NN 34823 83 150 424 424 CD 34823 83 151 Money money NN 34823 83 152 as as IN 34823 83 153 " " `` 34823 83 154 bearer bearer NN 34823 83 155 of of IN 34823 83 156 options option NNS 34823 83 157 " " '' 34823 83 158 ; ; , 34823 83 159 distinguished distinguish VBN 34823 83 160 from from IN 34823 83 161 store store NN 34823 83 162 of of IN 34823 83 163 value value NN 34823 83 164 ; ; : 34823 83 165 the the DT 34823 83 166 _ _ NNP 34823 83 167 dynamic dynamic JJ 34823 83 168 _ _ NNP 34823 83 169 function function NN 34823 83 170 of of IN 34823 83 171 money money NN 34823 83 172 _ _ NNP 34823 83 173 par par NN 34823 83 174 excellence excellence NN 34823 83 175 _ _ NNP 34823 83 176 ; ; : 34823 83 177 explanation explanation NN 34823 83 178 of of IN 34823 83 179 low low JJ 34823 83 180 rates rate NNS 34823 83 181 on on IN 34823 83 182 call call JJ 34823 83 183 loans loan NNS 34823 83 184 , , , 34823 83 185 and and CC 34823 83 186 short short JJ 34823 83 187 loans loan NNS 34823 83 188 , , , 34823 83 189 and and CC 34823 83 190 low low JJ 34823 83 191 yield yield NN 34823 83 192 of of IN 34823 83 193 high high JJ 34823 83 194 grade grade NN 34823 83 195 bonds bond NNS 34823 83 196 , , , 34823 83 197 which which WDT 34823 83 198 share share VBP 34823 83 199 " " '' 34823 83 200 bearer bearer NN 34823 83 201 of of IN 34823 83 202 options option NNS 34823 83 203 " " `` 34823 83 204 function function NN 34823 83 205 ; ; : 34823 83 206 " " `` 34823 83 207 pure pure JJ 34823 83 208 rate rate NN 34823 83 209 " " '' 34823 83 210 of of IN 34823 83 211 interest interest NN 34823 83 212 _ _ NNP 34823 83 213 vs. vs. IN 34823 83 214 _ _ NNP 34823 83 215 " " `` 34823 83 216 money money NN 34823 83 217 rates rate NNS 34823 83 218 " " '' 34823 83 219 : : : 34823 83 220 Austria Austria NNP 34823 83 221 ; ; : 34823 83 222 the the DT 34823 83 223 New New NNP 34823 83 224 York York NNP 34823 83 225 money money NN 34823 83 226 market market NN 34823 83 227 424 424 CD 34823 83 228 - - SYM 34823 83 229 432 432 CD 34823 83 230 Legal legal JJ 34823 83 231 tender tender NN 34823 83 232 ; ; : 34823 83 233 the the DT 34823 83 234 _ _ NNP 34823 83 235 Staatliche Staatliche NNP 34823 83 236 Theorie Theorie NNP 34823 83 237 _ _ NNP 34823 83 238 432 432 CD 34823 83 239 - - CD 34823 83 240 436 436 CD 34823 83 241 Standard Standard NNP 34823 83 242 of of IN 34823 83 243 deferred defer VBN 34823 83 244 payments payment NNS 34823 83 245 ; ; : 34823 83 246 which which WDT 34823 83 247 functions function NNS 34823 83 248 add add VBP 34823 83 249 to to IN 34823 83 250 value value NN 34823 83 251 of of IN 34823 83 252 money money NN 34823 83 253 metal metal NN 34823 83 254 ? ? . 34823 84 1 436 436 CD 34823 84 2 Relation relation NN 34823 84 3 of of IN 34823 84 4 money money NN 34823 84 5 rates rate NNS 34823 84 6 to to IN 34823 84 7 capital capital NN 34823 84 8 value value NN 34823 84 9 of of IN 34823 84 10 money money NN 34823 84 11 436 436 CD 34823 84 12 - - SYM 34823 84 13 442 442 CD 34823 84 14 Agio Agio NNP 34823 84 15 when when WRB 34823 84 16 coinage coinage NN 34823 84 17 is be VBZ 34823 84 18 restricted restrict VBN 34823 84 19 : : : 34823 84 20 India India NNP 34823 84 21 _ _ NNP 34823 84 22 vs. vs. IN 34823 84 23 _ _ NNP 34823 84 24 Western Western NNP 34823 84 25 World World NNP 34823 84 26 442 442 CD 34823 84 27 - - SYM 34823 84 28 450 450 CD 34823 84 29 Equilibrium equilibrium NN 34823 84 30 of of IN 34823 84 31 gold gold NN 34823 84 32 in in IN 34823 84 33 arts art NNS 34823 84 34 and and CC 34823 84 35 gold gold NN 34823 84 36 as as IN 34823 84 37 money money NN 34823 84 38 : : : 34823 84 39 difficulties difficulty NNS 34823 84 40 of of IN 34823 84 41 marginal marginal JJ 34823 84 42 analysis analysis NN 34823 84 43 ; ; : 34823 84 44 the the DT 34823 84 45 money money NN 34823 84 46 - - HYPH 34823 84 47 market market NN 34823 84 48 phenomena phenomenon NNS 34823 84 49 450 450 CD 34823 84 50 - - SYM 34823 84 51 458 458 CD 34823 84 52 CHAPTER chapter NN 34823 84 53 XXIII xxiii NN 34823 84 54 CREDIT CREDIT NNP 34823 84 55 Analysis Analysis NNP 34823 84 56 rather rather RB 34823 84 57 than than IN 34823 84 58 definition definition NN 34823 84 59 : : : 34823 84 60 " " `` 34823 84 61 futurity futurity NN 34823 84 62 " " '' 34823 84 63 not not RB 34823 84 64 essence essence NN 34823 84 65 of of IN 34823 84 66 credit credit NN 34823 84 67 ; ; : 34823 84 68 credit credit NN 34823 84 69 part part NN 34823 84 70 of of IN 34823 84 71 general general JJ 34823 84 72 value value NN 34823 84 73 system system NN 34823 84 74 ; ; : 34823 84 75 stocks stock NNS 34823 84 76 as as IN 34823 84 77 credit credit NN 34823 84 78 instruments instrument NNS 34823 84 79 ; ; : 34823 84 80 juridical juridical JJ 34823 84 81 and and CC 34823 84 82 accounting accounting NN 34823 84 83 phases phase NNS 34823 84 84 459 459 CD 34823 84 85 - - CD 34823 84 86 462 462 CD 34823 84 87 Confidence confidence NN 34823 84 88 ; ; , 34823 84 89 involved involve VBN 34823 84 90 in in IN 34823 84 91 general general JJ 34823 84 92 value value NN 34823 84 93 phenomena phenomenon NNS 34823 84 94 as as RB 34823 84 95 well well RB 34823 84 96 as as IN 34823 84 97 credit credit NN 34823 84 98 ; ; : 34823 84 99 social social JJ 34823 84 100 psychology psychology NN 34823 84 101 of of IN 34823 84 102 confidence confidence NN 34823 84 103 ; ; : 34823 84 104 contagions contagion NNS 34823 84 105 ; ; : 34823 84 106 influence influence NN 34823 84 107 of of IN 34823 84 108 centers center NNS 34823 84 109 of of IN 34823 84 110 prestige prestige NN 34823 84 111 ; ; : 34823 84 112 nothing nothing NN 34823 84 113 unique unique JJ 34823 84 114 in in IN 34823 84 115 credit credit NN 34823 84 116 ; ; : 34823 84 117 selling sell VBG 34823 84 118 _ _ NNP 34823 84 119 vs. vs. IN 34823 84 120 _ _ NNP 34823 84 121 borrowing borrow VBG 34823 84 122 462 462 CD 34823 84 123 - - SYM 34823 84 124 469 469 CD 34823 84 125 Definition definition NN 34823 84 126 of of IN 34823 84 127 credit credit NN 34823 84 128 ; ; : 34823 84 129 credit credit NN 34823 84 130 _ _ NNP 34823 84 131 vs. vs. IN 34823 84 132 _ _ NNP 34823 84 133 credit credit NN 34823 84 134 transaction transaction NN 34823 84 135 ; ; : 34823 84 136 credit credit NN 34823 84 137 and and CC 34823 84 138 exchange exchange NN 34823 84 139 ; ; : 34823 84 140 bulk bulk NN 34823 84 141 of of IN 34823 84 142 credit credit NN 34823 84 143 grows grow VBZ 34823 84 144 out out IN 34823 84 145 of of IN 34823 84 146 dynamic dynamic JJ 34823 84 147 conditions condition NNS 34823 84 148 469 469 CD 34823 84 149 - - HYPH 34823 84 150 474 474 CD 34823 84 151 Functions function NNS 34823 84 152 of of IN 34823 84 153 credit credit NN 34823 84 154 ; ; : 34823 84 155 increasing increase VBG 34823 84 156 saleability saleability NN 34823 84 157 of of IN 34823 84 158 non non JJ 34823 84 159 - - JJ 34823 84 160 pecuniary pecuniary JJ 34823 84 161 wealth wealth NN 34823 84 162 ; ; , 34823 84 163 corporate corporate JJ 34823 84 164 organization organization NN 34823 84 165 ; ; : 34823 84 166 limits limit NNS 34823 84 167 of of IN 34823 84 168 credit credit NN 34823 84 169 expansion expansion NN 34823 84 170 475 475 CD 34823 84 171 - - SYM 34823 84 172 478 478 CD 34823 84 173 Consideration Consideration NNP 34823 84 174 of of IN 34823 84 175 objections objection NNS 34823 84 176 : : : 34823 84 177 that that IN 34823 84 178 personal personal JJ 34823 84 179 loans loan NNS 34823 84 180 do do VBP 34823 84 181 not not RB 34823 84 182 rest rest VB 34823 84 183 on on IN 34823 84 184 wealth wealth NN 34823 84 185 ; ; , 34823 84 186 public public JJ 34823 84 187 loans loan NNS 34823 84 188 ; ; : 34823 84 189 that that DT 34823 84 190 value value NN 34823 84 191 behind behind IN 34823 84 192 loan loan NN 34823 84 193 would would MD 34823 84 194 not not RB 34823 84 195 exist exist VB 34823 84 196 if if IN 34823 84 197 loan loan NN 34823 84 198 were be VBD 34823 84 199 not not RB 34823 84 200 made make VBN 34823 84 201 478 478 CD 34823 84 202 - - SYM 34823 84 203 484 484 CD 34823 84 204 Schumpeter Schumpeter NNP 34823 84 205 's 's POS 34823 84 206 " " `` 34823 84 207 heresies heresy NNS 34823 84 208 " " '' 34823 84 209 ; ; : 34823 84 210 his -PRON- PRP$ 34823 84 211 view view NN 34823 84 212 of of IN 34823 84 213 the the DT 34823 84 214 function function NN 34823 84 215 of of IN 34823 84 216 the the DT 34823 84 217 banker banker NN 34823 84 218 : : : 34823 84 219 " " `` 34823 84 220 dynamic dynamic JJ 34823 84 221 credit credit NN 34823 84 222 " " '' 34823 84 223 ; ; : 34823 84 224 America America NNP 34823 84 225 _ _ NNP 34823 84 226 vs. vs. IN 34823 84 227 _ _ NNP 34823 84 228 Continental Continental NNP 34823 84 229 Europe Europe NNP 34823 84 230 484 484 CD 34823 84 231 - - HYPH 34823 84 232 488 488 CD 34823 84 233 Peculiarities Peculiarities NNPS 34823 84 234 and and CC 34823 84 235 functions function NNS 34823 84 236 of of IN 34823 84 237 bank bank NN 34823 84 238 credit credit NN 34823 84 239 ; ; : 34823 84 240 technique technique NN 34823 84 241 of of IN 34823 84 242 banking banking NN 34823 84 243 : : : 34823 84 244 capital capital NN 34823 84 245 ; ; : 34823 84 246 assets asset NNS 34823 84 247 ; ; , 34823 84 248 reserves reserve NNS 34823 84 249 ; ; : 34823 84 250 " " `` 34823 84 251 liquidity liquidity NN 34823 84 252 " " '' 34823 84 253 ; ; : 34823 84 254 money money NN 34823 84 255 market market NN 34823 84 256 488 488 CD 34823 84 257 - - SYM 34823 84 258 496 496 CD 34823 84 259 CHAPTER chapter NN 34823 84 260 XXIV xxiv NN 34823 84 261 CREDIT CREDIT NNP 34823 84 262 -- -- : 34823 84 263 BANK BANK NNP 34823 84 264 ASSETS asset NNS 34823 84 265 AND and CC 34823 84 266 BANK BANK NNP 34823 84 267 RESERVES reserve VBD 34823 84 268 Traditional traditional JJ 34823 84 269 view view NN 34823 84 270 that that IN 34823 84 271 liquid liquid JJ 34823 84 272 commercial commercial JJ 34823 84 273 loans loan NNS 34823 84 274 normal normal JJ 34823 84 275 and and CC 34823 84 276 dominant dominant JJ 34823 84 277 type type NN 34823 84 278 of of IN 34823 84 279 bank bank NN 34823 84 280 asset asset NN 34823 84 281 disproved disprove VBD 34823 84 282 ; ; : 34823 84 283 can can MD 34823 84 284 not not RB 34823 84 285 exceed exceed VB 34823 84 286 11 11 CD 34823 84 287 - - SYM 34823 84 288 1/2 1/2 CD 34823 84 289 per per IN 34823 84 290 cent cent NN 34823 84 291 of of IN 34823 84 292 assets asset NNS 34823 84 293 of of IN 34823 84 294 American american JJ 34823 84 295 banks bank NNS 34823 84 296 ; ; : 34823 84 297 analysis analysis NN 34823 84 298 of of IN 34823 84 299 bank bank NN 34823 84 300 assets asset NNS 34823 84 301 : : : 34823 84 302 " " `` 34823 84 303 other other JJ 34823 84 304 loans loan NNS 34823 84 305 and and CC 34823 84 306 discounts discount NNS 34823 84 307 " " '' 34823 84 308 ; ; : 34823 84 309 stock stock NN 34823 84 310 collateral collateral JJ 34823 84 311 loans loan NNS 34823 84 312 ; ; , 34823 84 313 loans loan NNS 34823 84 314 on on IN 34823 84 315 " " `` 34823 84 316 other other JJ 34823 84 317 collateral collateral JJ 34823 84 318 security security NN 34823 84 319 " " '' 34823 84 320 ; ; : 34823 84 321 stocks stock NNS 34823 84 322 and and CC 34823 84 323 bonds bond NNS 34823 84 324 held hold VBN 34823 84 325 by by IN 34823 84 326 banks bank NNS 34823 84 327 ; ; : 34823 84 328 classes class NNS 34823 84 329 of of IN 34823 84 330 banks bank NNS 34823 84 331 ; ; : 34823 84 332 various various JJ 34823 84 333 combinations combination NNS 34823 84 334 ; ; , 34823 84 335 excluding exclude VBG 34823 84 336 real real JJ 34823 84 337 estate estate NN 34823 84 338 loans loan NNS 34823 84 339 , , , 34823 84 340 more more JJR 34823 84 341 than than IN 34823 84 342 half half NN 34823 84 343 of of IN 34823 84 344 credit credit NN 34823 84 345 extended extend VBN 34823 84 346 by by IN 34823 84 347 State state NN 34823 84 348 and and CC 34823 84 349 national national JJ 34823 84 350 banks bank NNS 34823 84 351 and and CC 34823 84 352 trust trust NN 34823 84 353 companies company NNS 34823 84 354 is be VBZ 34823 84 355 to to IN 34823 84 356 stock stock NN 34823 84 357 market market NN 34823 84 358 ; ; , 34823 84 359 rapid rapid JJ 34823 84 360 development development NN 34823 84 361 of of IN 34823 84 362 stock stock NN 34823 84 363 collateral collateral JJ 34823 84 364 loans loan NNS 34823 84 365 : : : 34823 84 366 New New NNP 34823 84 367 York York NNP 34823 84 368 ; ; : 34823 84 369 Europe Europe NNP 34823 84 370 498 498 CD 34823 84 371 - - SYM 34823 84 372 512 512 CD 34823 84 373 Activity activity NN 34823 84 374 of of IN 34823 84 375 different different JJ 34823 84 376 types type NNS 34823 84 377 of of IN 34823 84 378 loans loan NNS 34823 84 379 : : : 34823 84 380 banking banking NN 34823 84 381 assets asset NNS 34823 84 382 get get VBP 34823 84 383 liquidity liquidity NN 34823 84 384 chiefly chiefly RB 34823 84 385 from from IN 34823 84 386 stock stock NN 34823 84 387 market market NN 34823 84 388 , , , 34823 84 389 and and CC 34823 84 390 from from IN 34823 84 391 produce produce NN 34823 84 392 speculators speculator NNS 34823 84 393 512 512 CD 34823 84 394 - - HYPH 34823 84 395 516 516 CD 34823 84 396 Credit Credit NNP 34823 84 397 extended extend VBN 34823 84 398 to to IN 34823 84 399 Wall Wall NNP 34823 84 400 Street Street NNP 34823 84 401 not not RB 34823 84 402 at at IN 34823 84 403 expense expense NN 34823 84 404 of of IN 34823 84 405 ordinary ordinary JJ 34823 84 406 commerce commerce NN 34823 84 407 ; ; : 34823 84 408 country country NN 34823 84 409 banks bank NNS 34823 84 410 and and CC 34823 84 411 Wall Wall NNP 34823 84 412 Street Street NNP 34823 84 413 516 516 CD 34823 84 414 - - HYPH 34823 84 415 518 518 CD 34823 84 416 Federal Federal NNP 34823 84 417 Reserve Reserve NNP 34823 84 418 Banks Banks NNPS 34823 84 419 should should MD 34823 84 420 rediscount rediscount VB 34823 84 421 stock stock NN 34823 84 422 collateral collateral JJ 34823 84 423 loans loan NNS 34823 84 424 ; ; : 34823 84 425 " " `` 34823 84 426 Money Money NNP 34823 84 427 Trust Trust NNP 34823 84 428 " " '' 34823 84 429 a a DT 34823 84 430 trust trust NN 34823 84 431 in in IN 34823 84 432 financing finance VBG 34823 84 433 corporations corporation NNS 34823 84 434 , , , 34823 84 435 not not RB 34823 84 436 ordinary ordinary JJ 34823 84 437 commerce commerce NN 34823 84 438 ; ; : 34823 84 439 panics panic NNS 34823 84 440 and and CC 34823 84 441 Federal Federal NNP 34823 84 442 Reserve Reserve NNP 34823 84 443 System System NNP 34823 84 444 520 520 CD 34823 84 445 Quantity quantity NN 34823 84 446 theory theory NN 34823 84 447 , , , 34823 84 448 putting put VBG 34823 84 449 all all DT 34823 84 450 exchanges exchange NNS 34823 84 451 on on IN 34823 84 452 a a DT 34823 84 453 par par NN 34823 84 454 , , , 34823 84 455 grotesque grotesque NN 34823 84 456 : : : 34823 84 457 volume volume NN 34823 84 458 of of IN 34823 84 459 trade trade NN 34823 84 460 and and CC 34823 84 461 prices price NNS 34823 84 462 in in IN 34823 84 463 the the DT 34823 84 464 stock stock NN 34823 84 465 market market NN 34823 84 466 520 520 CD 34823 84 467 - - SYM 34823 84 468 523 523 CD 34823 84 469 Direct direct JJ 34823 84 470 and and CC 34823 84 471 indirect indirect JJ 34823 84 472 financing financing NN 34823 84 473 of of IN 34823 84 474 corporations corporation NNS 34823 84 475 by by IN 34823 84 476 banks bank NNS 34823 84 477 ; ; : 34823 84 478 " " `` 34823 84 479 margin margin NN 34823 84 480 dealer dealer NN 34823 84 481 " " '' 34823 84 482 as as IN 34823 84 483 " " `` 34823 84 484 banker banker NN 34823 84 485 " " '' 34823 84 486 523 523 CD 34823 84 487 - - HYPH 34823 84 488 526 526 CD 34823 84 489 Adam Adam NNP 34823 84 490 Smith Smith NNP 34823 84 491 's 's POS 34823 84 492 view view NN 34823 84 493 of of IN 34823 84 494 banker banker NN 34823 84 495 's 's POS 34823 84 496 functions function NNS 34823 84 497 , , , 34823 84 498 and and CC 34823 84 499 of of IN 34823 84 500 safe safe JJ 34823 84 501 bank bank NN 34823 84 502 loans loan NNS 34823 84 503 526 526 CD 34823 84 504 Correct Correct NNP 34823 84 505 on on IN 34823 84 506 basis basis NN 34823 84 507 of of IN 34823 84 508 facts fact NNS 34823 84 509 of of IN 34823 84 510 his -PRON- PRP$ 34823 84 511 day day NN 34823 84 512 , , , 34823 84 513 but but CC 34823 84 514 corporate corporate JJ 34823 84 515 organization organization NN 34823 84 516 and and CC 34823 84 517 organized organize VBD 34823 84 518 stock stock NN 34823 84 519 market market NN 34823 84 520 have have VBP 34823 84 521 made make VBN 34823 84 522 smelting smelting JJ 34823 84 523 house house NN 34823 84 524 as as IN 34823 84 525 liquid liquid NN 34823 84 526 as as IN 34823 84 527 consumers consumer NNS 34823 84 528 ' ' POS 34823 84 529 goods good NNS 34823 84 530 527 527 CD 34823 84 531 Division division NN 34823 84 532 of of IN 34823 84 533 labor labor NN 34823 84 534 in in IN 34823 84 535 banking banking NN 34823 84 536 : : : 34823 84 537 America America NNP 34823 84 538 _ _ NNP 34823 84 539 vs. vs. IN 34823 84 540 _ _ NNP 34823 84 541 Germany Germany NNP 34823 84 542 527 527 CD 34823 84 543 - - SYM 34823 84 544 528 528 CD 34823 84 545 Agriculture agriculture NN 34823 84 546 in in IN 34823 84 547 money money NN 34823 84 548 market market NN 34823 84 549 528 528 CD 34823 84 550 - - HYPH 34823 84 551 529 529 CD 34823 84 552 Reserve Reserve NNP 34823 84 553 problem problem NN 34823 84 554 : : : 34823 84 555 special special JJ 34823 84 556 case case NN 34823 84 557 of of IN 34823 84 558 problem problem NN 34823 84 559 of of IN 34823 84 560 liquid liquid JJ 34823 84 561 assets asset NNS 34823 84 562 ; ; : 34823 84 563 many many JJ 34823 84 564 flexible flexible JJ 34823 84 565 substitutes substitute NNS 34823 84 566 for for IN 34823 84 567 cash cash NN 34823 84 568 529 529 CD 34823 84 569 - - HYPH 34823 84 570 532 532 CD 34823 84 571 Causal Causal NNP 34823 84 572 relation relation NN 34823 84 573 runs run VBZ 34823 84 574 from from IN 34823 84 575 deposits deposit NNS 34823 84 576 to to IN 34823 84 577 reserves reserve NNS 34823 84 578 ; ; : 34823 84 579 gold gold NN 34823 84 580 production production NN 34823 84 581 and and CC 34823 84 582 reserve reserve NN 34823 84 583 - - HYPH 34823 84 584 ratio ratio CD 34823 84 585 532 532 CD 34823 84 586 - - SYM 34823 84 587 535 535 CD 34823 84 588 No no DT 34823 84 589 static static JJ 34823 84 590 law law NN 34823 84 591 or or CC 34823 84 592 " " `` 34823 84 593 normal normal JJ 34823 84 594 ratio ratio NN 34823 84 595 " " '' 34823 84 596 possible possible JJ 34823 84 597 ; ; : 34823 84 598 reserve reserve NN 34823 84 599 function function NN 34823 84 600 entirely entirely RB 34823 84 601 dynamic dynamic JJ 34823 84 602 function function NN 34823 84 603 ; ; : 34823 84 604 reserve reserve NN 34823 84 605 not not RB 34823 84 606 needed need VBN 34823 84 607 in in IN 34823 84 608 " " `` 34823 84 609 static static JJ 34823 84 610 state state NN 34823 84 611 " " '' 34823 84 612 ; ; , 34823 84 613 illustrated illustrate VBN 34823 84 614 by by IN 34823 84 615 London London NNP 34823 84 616 money money NN 34823 84 617 market market NN 34823 84 618 ; ; : 34823 84 619 " " `` 34823 84 620 ideal ideal JJ 34823 84 621 credit credit NN 34823 84 622 economy economy NN 34823 84 623 " " '' 34823 84 624 536 536 CD 34823 84 625 - - HYPH 34823 84 626 544 544 CD 34823 84 627 _ _ NNP 34823 84 628 PART PART NNP 34823 84 629 IV IV NNP 34823 84 630 . . . 34823 85 1 THE the DT 34823 85 2 RECONCILIATION RECONCILIATION NNP 34823 85 3 OF of IN 34823 85 4 STATICS STATICS NNP 34823 85 5 AND and CC 34823 85 6 DYNAMICS DYNAMICS NNP 34823 85 7 _ _ NNP 34823 85 8 CHAPTER CHAPTER NNP 34823 85 9 XXV XXV NNP 34823 85 10 THE the DT 34823 85 11 RECONCILIATION RECONCILIATION NNP 34823 85 12 OF of IN 34823 85 13 STATICS STATICS NNP 34823 85 14 AND and CC 34823 85 15 DYNAMICS dynamics NN 34823 85 16 Theory theory NN 34823 85 17 of of IN 34823 85 18 money money NN 34823 85 19 as as IN 34823 85 20 focus focus NN 34823 85 21 of of IN 34823 85 22 general general JJ 34823 85 23 economic economic JJ 34823 85 24 theory theory NN 34823 85 25 , , , 34823 85 26 exhibiting exhibit VBG 34823 85 27 interdependence interdependence NN 34823 85 28 of of IN 34823 85 29 doctrines doctrine NNS 34823 85 30 ; ; : 34823 85 31 basis basis NN 34823 85 32 of of IN 34823 85 33 further further JJ 34823 85 34 unification unification NN 34823 85 35 of of IN 34823 85 36 statics static NNS 34823 85 37 and and CC 34823 85 38 dynamics dynamic NNS 34823 85 39 in in IN 34823 85 40 higher high JJR 34823 85 41 synthesis synthesis NN 34823 85 42 547 547 CD 34823 85 43 - - HYPH 34823 85 44 548 548 CD 34823 85 45 Statics Statics NNP 34823 85 46 _ _ NNP 34823 85 47 vs. vs. IN 34823 85 48 _ _ NNP 34823 85 49 dynamics dynamic NNS 34823 85 50 , , , 34823 85 51 normal normal JJ 34823 85 52 _ _ NNP 34823 85 53 vs. vs. IN 34823 85 54 _ _ NNP 34823 85 55 transitional transitional NN 34823 85 56 , , , 34823 85 57 and and CC 34823 85 58 related related JJ 34823 85 59 contrasts contrast NNS 34823 85 60 ; ; : 34823 85 61 illustrations illustration NNS 34823 85 62 ; ; : 34823 85 63 divergent divergent JJ 34823 85 64 lines line NNS 34823 85 65 of of IN 34823 85 66 doctrine doctrine NN 34823 85 67 : : : 34823 85 68 tariffs tariff NNS 34823 85 69 , , , 34823 85 70 wars war NNS 34823 85 71 , , , 34823 85 72 overproduction overproduction NN 34823 85 73 , , , 34823 85 74 extravagance extravagance NN 34823 85 75 , , , 34823 85 76 etc etc FW 34823 85 77 . . . 34823 86 1 548 548 CD 34823 86 2 - - SYM 34823 86 3 552 552 CD 34823 86 4 Statics Statics NNP 34823 86 5 quantitative quantitative NN 34823 86 6 ; ; : 34823 86 7 dynamics dynamic NNS 34823 86 8 qualitative qualitative JJ 34823 86 9 552 552 CD 34823 86 10 - - HYPH 34823 86 11 553 553 CD 34823 86 12 Statics Statics NNPS 34823 86 13 and and CC 34823 86 14 dynamics dynamic NNS 34823 86 15 both both CC 34823 86 16 abstract abstract JJ 34823 86 17 553 553 CD 34823 86 18 - - HYPH 34823 86 19 554 554 CD 34823 86 20 Dynamics dynamic NNS 34823 86 21 and and CC 34823 86 22 " " `` 34823 86 23 friction friction NN 34823 86 24 " " '' 34823 86 25 554 554 CD 34823 86 26 - - HYPH 34823 86 27 555 555 CD 34823 86 28 " " '' 34823 86 29 Theory theory NN 34823 86 30 of of IN 34823 86 31 prosperity prosperity NN 34823 86 32 " " '' 34823 86 33 and and CC 34823 86 34 dynamics dynamic NNS 34823 86 35 555 555 CD 34823 86 36 - - HYPH 34823 86 37 556 556 CD 34823 86 38 Statics Statics NNP 34823 86 39 and and CC 34823 86 40 cross cross JJ 34823 86 41 - - NN 34823 86 42 section section NN 34823 86 43 analysis analysis NN 34823 86 44 ; ; , 34823 86 45 statics static NNS 34823 86 46 as as IN 34823 86 47 price price NN 34823 86 48 - - HYPH 34823 86 49 theory theory NN 34823 86 50 ; ; : 34823 86 51 dynamics dynamic NNS 34823 86 52 as as IN 34823 86 53 value value NN 34823 86 54 - - HYPH 34823 86 55 theory theory NN 34823 86 56 556 556 CD 34823 86 57 - - SYM 34823 86 58 560 560 CD 34823 86 59 Generalization Generalization NNP 34823 86 60 of of IN 34823 86 61 statics static NNS 34823 86 62 : : : 34823 86 63 price price NN 34823 86 64 - - HYPH 34823 86 65 theory theory NN 34823 86 66 applied apply VBN 34823 86 67 to to IN 34823 86 68 dynamic dynamic JJ 34823 86 69 phenomena phenomenon NNS 34823 86 70 : : : 34823 86 71 capitalization capitalization NN 34823 86 72 ; ; , 34823 86 73 costs cost NNS 34823 86 74 ; ; : 34823 86 75 " " `` 34823 86 76 taxonomy taxonomy NN 34823 86 77 ; ; : 34823 86 78 " " '' 34823 86 79 " " `` 34823 86 80 discounting discount VBG 34823 86 81 " " '' 34823 86 82 dynamic dynamic JJ 34823 86 83 changes change NNS 34823 86 84 ; ; : 34823 86 85 money money NN 34823 86 86 the the DT 34823 86 87 static static JJ 34823 86 88 measuring measuring NN 34823 86 89 - - HYPH 34823 86 90 rod rod NN 34823 86 91 : : : 34823 86 92 wide wide JJ 34823 86 93 scope scope NN 34823 86 94 of of IN 34823 86 95 money money NN 34823 86 96 - - HYPH 34823 86 97 measure measure NN 34823 86 98 ; ; : 34823 86 99 measurement measurement NN 34823 86 100 of of IN 34823 86 101 non non JJ 34823 86 102 - - JJ 34823 86 103 economic economic JJ 34823 86 104 values value NNS 34823 86 105 560 560 CD 34823 86 106 - - SYM 34823 86 107 569 569 CD 34823 86 108 Generalization Generalization NNP 34823 86 109 of of IN 34823 86 110 dynamics dynamic NNS 34823 86 111 : : : 34823 86 112 all all DT 34823 86 113 values value NNS 34823 86 114 , , , 34823 86 115 whether whether IN 34823 86 116 of of IN 34823 86 117 wheat wheat NN 34823 86 118 or or CC 34823 86 119 " " `` 34823 86 120 good good JJ 34823 86 121 will will NN 34823 86 122 , , , 34823 86 123 " " '' 34823 86 124 have have VB 34823 86 125 social social JJ 34823 86 126 psychological psychological JJ 34823 86 127 explanation explanation NN 34823 86 128 ; ; , 34823 86 129 technological technological JJ 34823 86 130 and and CC 34823 86 131 biological biological JJ 34823 86 132 factors factor NNS 34823 86 133 , , , 34823 86 134 and and CC 34823 86 135 the the DT 34823 86 136 static static JJ 34823 86 137 equilibrium equilibrium NN 34823 86 138 ; ; : 34823 86 139 business business NN 34823 86 140 cycles cycle NNS 34823 86 141 569 569 CD 34823 86 142 - - HYPH 34823 86 143 575 575 CD 34823 86 144 Business Business NNP 34823 86 145 man man NN 34823 86 146 _ _ NNP 34823 86 147 vs. vs. IN 34823 86 148 _ _ NNP 34823 86 149 economic economic JJ 34823 86 150 theorist theorist NN 34823 86 151 , , , 34823 86 152 and and CC 34823 86 153 value value NN 34823 86 154 - - HYPH 34823 86 155 theory theory NN 34823 86 156 ; ; : 34823 86 157 manipulation manipulation NN 34823 86 158 of of IN 34823 86 159 values value NNS 34823 86 160 and and CC 34823 86 161 prices price NNS 34823 86 162 575 575 CD 34823 86 163 - - SYM 34823 86 164 578 578 CD 34823 86 165 Statics Statics NNPS 34823 86 166 and and CC 34823 86 167 time time NN 34823 86 168 578 578 CD 34823 86 169 - - SYM 34823 86 170 580 580 CD 34823 86 171 Immaterial immaterial JJ 34823 86 172 capital capital NN 34823 86 173 580 580 CD 34823 86 174 - - HYPH 34823 86 175 582 582 CD 34823 86 176 Statics Statics NNPS 34823 86 177 and and CC 34823 86 178 dynamics dynamic NNS 34823 86 179 have have VBP 34823 86 180 not not RB 34823 86 181 different different JJ 34823 86 182 subject subject NN 34823 86 183 - - HYPH 34823 86 184 matter matter NN 34823 86 185 583 583 CD 34823 86 186 - - HYPH 34823 86 187 586 586 CD 34823 86 188 Equilibrium equilibrium NN 34823 86 189 of of IN 34823 86 190 all all DT 34823 86 191 social social JJ 34823 86 192 values value NNS 34823 86 193 : : : 34823 86 194 statics static NNS 34823 86 195 and and CC 34823 86 196 dynamics dynamic NNS 34823 86 197 of of IN 34823 86 198 the the DT 34823 86 199 law law NN 34823 86 200 : : : 34823 86 201 social social JJ 34823 86 202 forces force NNS 34823 86 203 and and CC 34823 86 204 social social JJ 34823 86 205 control control NN 34823 86 206 586 586 CD 34823 86 207 - - SYM 34823 86 208 589 589 CD 34823 86 209 Summary Summary NNP 34823 86 210 of of IN 34823 86 211 Part Part NNP 34823 86 212 IV IV NNP 34823 86 213 589 589 CD 34823 86 214 - - HYPH 34823 86 215 591 591 CD 34823 86 216 PART part NN 34823 86 217 I. i. NN 34823 87 1 THE the DT 34823 87 2 VALUE value NN 34823 87 3 OF of IN 34823 87 4 MONEY money NN 34823 87 5 AND and CC 34823 87 6 THE the DT 34823 87 7 GENERAL GENERAL NNP 34823 87 8 THEORY THEORY NNS 34823 87 9 OF of IN 34823 87 10 VALUE value NN 34823 87 11 THE the DT 34823 87 12 VALUE value NN 34823 87 13 OF of IN 34823 87 14 MONEY money NN 34823 87 15 CHAPTER chapter NN 34823 87 16 I -PRON- PRP 34823 87 17 ECONOMIC economic VBP 34823 87 18 VALUE value NN 34823 87 19 The the DT 34823 87 20 problem problem NN 34823 87 21 of of IN 34823 87 22 the the DT 34823 87 23 value value NN 34823 87 24 of of IN 34823 87 25 money money NN 34823 87 26 is be VBZ 34823 87 27 a a DT 34823 87 28 special special JJ 34823 87 29 case case NN 34823 87 30 of of IN 34823 87 31 the the DT 34823 87 32 general general JJ 34823 87 33 problem problem NN 34823 87 34 of of IN 34823 87 35 economic economic JJ 34823 87 36 value value NN 34823 87 37 . . . 34823 88 1 The the DT 34823 88 2 present present JJ 34823 88 3 chapter chapter NN 34823 88 4 is be VBZ 34823 88 5 concerned concern VBN 34823 88 6 with with IN 34823 88 7 the the DT 34823 88 8 general general JJ 34823 88 9 theory theory NN 34823 88 10 of of IN 34823 88 11 value value NN 34823 88 12 , , , 34823 88 13 while while IN 34823 88 14 the the DT 34823 88 15 rest rest NN 34823 88 16 of of IN 34823 88 17 the the DT 34823 88 18 book book NN 34823 88 19 will will MD 34823 88 20 consider consider VB 34823 88 21 the the DT 34823 88 22 numerous numerous JJ 34823 88 23 peculiarities peculiarity NNS 34823 88 24 and and CC 34823 88 25 complications complication NNS 34823 88 26 which which WDT 34823 88 27 make make VBP 34823 88 28 money money NN 34823 88 29 a a DT 34823 88 30 special special JJ 34823 88 31 case case NN 34823 88 32 . . . 34823 89 1 The the DT 34823 89 2 main main JJ 34823 89 3 proof proof NN 34823 89 4 of of IN 34823 89 5 the the DT 34823 89 6 theory theory NN 34823 89 7 here here RB 34823 89 8 presented present VBN 34823 89 9 is be VBZ 34823 89 10 to to TO 34823 89 11 be be VB 34823 89 12 found find VBN 34823 89 13 in in IN 34823 89 14 a a DT 34823 89 15 previous previous JJ 34823 89 16 book[1 book[1 NNS 34823 89 17 ] ] -RRB- 34823 89 18 by by IN 34823 89 19 the the DT 34823 89 20 present present JJ 34823 89 21 writer writer NN 34823 89 22 . . . 34823 90 1 A a DT 34823 90 2 number number NN 34823 90 3 of of IN 34823 90 4 periodical periodical JJ 34823 90 5 articles article NNS 34823 90 6 by by IN 34823 90 7 several several JJ 34823 90 8 writers writer NNS 34823 90 9 which which WDT 34823 90 10 have have VBP 34823 90 11 since since IN 34823 90 12 appeared appear VBN 34823 90 13 , , , 34823 90 14 in in IN 34823 90 15 criticism criticism NN 34823 90 16 or or CC 34823 90 17 in in IN 34823 90 18 further further JJ 34823 90 19 development development NN 34823 90 20 of of IN 34823 90 21 the the DT 34823 90 22 theory theory NN 34823 90 23 , , , 34823 90 24 have have VBP 34823 90 25 at at IN 34823 90 26 various various JJ 34823 90 27 points point NNS 34823 90 28 led lead VBD 34823 90 29 to to IN 34823 90 30 shifting shift VBG 34823 90 31 emphasis emphasis NN 34823 90 32 and and CC 34823 90 33 clearer clear JJR 34823 90 34 understanding understanding NN 34823 90 35 on on IN 34823 90 36 the the DT 34823 90 37 author author NN 34823 90 38 's 's POS 34823 90 39 part part NN 34823 90 40 , , , 34823 90 41 and and CC 34823 90 42 the the DT 34823 90 43 present present JJ 34823 90 44 exposition exposition NN 34823 90 45 , , , 34823 90 46 without without IN 34823 90 47 seeking seek VBG 34823 90 48 explicitly explicitly RB 34823 90 49 to to TO 34823 90 50 meet meet VB 34823 90 51 many many JJ 34823 90 52 of of IN 34823 90 53 these these DT 34823 90 54 criticisms criticism NNS 34823 90 55 , , , 34823 90 56 or or CC 34823 90 57 to to TO 34823 90 58 embody embody VB 34823 90 59 the the DT 34823 90 60 new new JJ 34823 90 61 developments development NNS 34823 90 62 , , , 34823 90 63 will will MD 34823 90 64 none none NN 34823 90 65 the the DT 34823 90 66 less less RBR 34823 90 67 be be VB 34823 90 68 different different JJ 34823 90 69 because because IN 34823 90 70 of of IN 34823 90 71 them -PRON- PRP 34823 90 72 . . . 34823 91 1 To to IN 34823 91 2 one one CD 34823 91 3 writer writer NN 34823 91 4 in in IN 34823 91 5 particular particular JJ 34823 91 6 , , , 34823 91 7 Professor Professor NNP 34823 91 8 C. C. NNP 34823 91 9 H. H. NNP 34823 91 10 Cooley Cooley NNP 34823 91 11 , , , 34823 91 12 the the DT 34823 91 13 theory theory NN 34823 91 14 is be VBZ 34823 91 15 indebted indebte VBN 34823 91 16 for for IN 34823 91 17 restatement restatement NN 34823 91 18 , , , 34823 91 19 amplification amplification NN 34823 91 20 , , , 34823 91 21 and and CC 34823 91 22 important important JJ 34823 91 23 additions addition NNS 34823 91 24 . . . 34823 92 1 [ [ -LRB- 34823 92 2 2 2 LS 34823 92 3 ] ] -RRB- 34823 92 4 On on IN 34823 92 5 the the DT 34823 92 6 whole whole NN 34823 92 7 , , , 34823 92 8 however however RB 34823 92 9 , , , 34823 92 10 the the DT 34823 92 11 theory theory NN 34823 92 12 presented present VBN 34823 92 13 in in IN 34823 92 14 this this DT 34823 92 15 chapter chapter NN 34823 92 16 is be VBZ 34823 92 17 substantially substantially RB 34823 92 18 the the DT 34823 92 19 theory theory NN 34823 92 20 presented present VBN 34823 92 21 in in IN 34823 92 22 the the DT 34823 92 23 earlier early JJR 34823 92 24 book book NN 34823 92 25 . . . 34823 93 1 The the DT 34823 93 2 theory theory NN 34823 93 3 is be VBZ 34823 93 4 set set VBN 34823 93 5 forth forth RP 34823 93 6 in in IN 34823 93 7 the the DT 34823 93 8 present present JJ 34823 93 9 chapter chapter NN 34823 93 10 with with IN 34823 93 11 sufficient sufficient JJ 34823 93 12 fullness fullness NN 34823 93 13 to to TO 34823 93 14 make make VB 34823 93 15 the the DT 34823 93 16 present present JJ 34823 93 17 volume volume NN 34823 93 18 independent independent JJ 34823 93 19 of of IN 34823 93 20 the the DT 34823 93 21 earlier early JJR 34823 93 22 book book NN 34823 93 23 . . . 34823 94 1 Value value NN 34823 94 2 has have VBZ 34823 94 3 long long RB 34823 94 4 been be VBN 34823 94 5 recognized recognize VBN 34823 94 6 as as IN 34823 94 7 the the DT 34823 94 8 fundamental fundamental JJ 34823 94 9 economic economic JJ 34823 94 10 concept concept NN 34823 94 11 . . . 34823 95 1 There there EX 34823 95 2 have have VBP 34823 95 3 been be VBN 34823 95 4 many many JJ 34823 95 5 and and CC 34823 95 6 divergent divergent JJ 34823 95 7 definitions definition NNS 34823 95 8 of of IN 34823 95 9 value value NN 34823 95 10 , , , 34823 95 11 and and CC 34823 95 12 many many JJ 34823 95 13 different different JJ 34823 95 14 theories theory NNS 34823 95 15 as as IN 34823 95 16 to to IN 34823 95 17 its -PRON- PRP$ 34823 95 18 origin origin NN 34823 95 19 . . . 34823 96 1 It -PRON- PRP 34823 96 2 is be VBZ 34823 96 3 the the DT 34823 96 4 belief belief NN 34823 96 5 of of IN 34823 96 6 the the DT 34823 96 7 present present JJ 34823 96 8 writer writer NN 34823 96 9 -- -- : 34823 96 10 not not RB 34823 96 11 shared share VBN 34823 96 12 by by IN 34823 96 13 all all DT 34823 96 14 his -PRON- PRP$ 34823 96 15 critics!--that critics!--that NN 34823 96 16 the the DT 34823 96 17 definition definition NN 34823 96 18 of of IN 34823 96 19 value value NN 34823 96 20 which which WDT 34823 96 21 follows follow VBZ 34823 96 22 , , , 34823 96 23 and and CC 34823 96 24 the the DT 34823 96 25 conception conception NN 34823 96 26 of of IN 34823 96 27 the the DT 34823 96 28 function function NN 34823 96 29 of of IN 34823 96 30 value value NN 34823 96 31 in in IN 34823 96 32 economic economic JJ 34823 96 33 theory theory NN 34823 96 34 involved involve VBN 34823 96 35 in in IN 34823 96 36 it -PRON- PRP 34823 96 37 , , , 34823 96 38 conform conform VB 34823 96 39 to to IN 34823 96 40 the the DT 34823 96 41 actual actual JJ 34823 96 42 use use NN 34823 96 43 of of IN 34823 96 44 the the DT 34823 96 45 term term NN 34823 96 46 in in IN 34823 96 47 the the DT 34823 96 48 main main JJ 34823 96 49 body body NN 34823 96 50 of of IN 34823 96 51 economic economic JJ 34823 96 52 literature literature NN 34823 96 53 . . . 34823 97 1 The the DT 34823 97 2 theory theory NN 34823 97 3 of of IN 34823 97 4 the the DT 34823 97 5 _ _ NNP 34823 97 6 causes cause VBZ 34823 97 7 _ _ NNP 34823 97 8 of of IN 34823 97 9 value value NN 34823 97 10 here here RB 34823 97 11 advanced advance VBN 34823 97 12 is be VBZ 34823 97 13 new new JJ 34823 97 14 , , , 34823 97 15 but but CC 34823 97 16 the the DT 34823 97 17 definition definition NN 34823 97 18 of of IN 34823 97 19 value value NN 34823 97 20 , , , 34823 97 21 and and CC 34823 97 22 the the DT 34823 97 23 conception conception NN 34823 97 24 of of IN 34823 97 25 the the DT 34823 97 26 relation relation NN 34823 97 27 of of IN 34823 97 28 value value NN 34823 97 29 to to IN 34823 97 30 wealth wealth NN 34823 97 31 , , , 34823 97 32 to to IN 34823 97 33 price price VB 34823 97 34 , , , 34823 97 35 to to TO 34823 97 36 exchange exchange VB 34823 97 37 , , , 34823 97 38 and and CC 34823 97 39 to to IN 34823 97 40 other other JJ 34823 97 41 economic economic JJ 34823 97 42 ideas idea NNS 34823 97 43 , , , 34823 97 44 seem seem VBP 34823 97 45 to to IN 34823 97 46 the the DT 34823 97 47 present present JJ 34823 97 48 writer writer NN 34823 97 49 to to TO 34823 97 50 conform conform VB 34823 97 51 to to IN 34823 97 52 what what WP 34823 97 53 is be VBZ 34823 97 54 implied imply VBN 34823 97 55 , , , 34823 97 56 and and CC 34823 97 57 often often RB 34823 97 58 expressed express VBD 34823 97 59 , , , 34823 97 60 in in IN 34823 97 61 the the DT 34823 97 62 general general JJ 34823 97 63 usage usage NN 34823 97 64 of of IN 34823 97 65 economists economist NNS 34823 97 66 . . . 34823 98 1 [ [ -LRB- 34823 98 2 3 3 LS 34823 98 3 ] ] -RRB- 34823 98 4 It -PRON- PRP 34823 98 5 is be VBZ 34823 98 6 important important JJ 34823 98 7 to to TO 34823 98 8 separate separate VB 34823 98 9 sharply sharply RB 34823 98 10 two two CD 34823 98 11 questions question NNS 34823 98 12 : : : 34823 98 13 one one CD 34823 98 14 , , , 34823 98 15 the the DT 34823 98 16 theory theory NN 34823 98 17 of of IN 34823 98 18 the the DT 34823 98 19 causes cause NNS 34823 98 20 of of IN 34823 98 21 value value NN 34823 98 22 , , , 34823 98 23 and and CC 34823 98 24 the the DT 34823 98 25 other other JJ 34823 98 26 , , , 34823 98 27 the the DT 34823 98 28 definition definition NN 34823 98 29 of of IN 34823 98 30 value value NN 34823 98 31 , , , 34823 98 32 or or CC 34823 98 33 the the DT 34823 98 34 question question NN 34823 98 35 of of IN 34823 98 36 the the DT 34823 98 37 formal formal JJ 34823 98 38 and and CC 34823 98 39 logical logical JJ 34823 98 40 aspects aspect NNS 34823 98 41 of of IN 34823 98 42 the the DT 34823 98 43 value value NN 34823 98 44 concept concept NN 34823 98 45 . . . 34823 99 1 The the DT 34823 99 2 two two CD 34823 99 3 questions question NNS 34823 99 4 can can MD 34823 99 5 not not RB 34823 99 6 be be VB 34823 99 7 wholly wholly RB 34823 99 8 divorced divorce VBN 34823 99 9 , , , 34823 99 10 but but CC 34823 99 11 clarity clarity NN 34823 99 12 is be VBZ 34823 99 13 promoted promote VBN 34823 99 14 by by IN 34823 99 15 considering consider VBG 34823 99 16 them -PRON- PRP 34823 99 17 separately separately RB 34823 99 18 . . . 34823 100 1 We -PRON- PRP 34823 100 2 shall shall MD 34823 100 3 take take VB 34823 100 4 up up RP 34823 100 5 the the DT 34823 100 6 formal formal JJ 34823 100 7 and and CC 34823 100 8 logical logical JJ 34823 100 9 aspects aspect NNS 34823 100 10 of of IN 34823 100 11 the the DT 34823 100 12 matter matter NN 34823 100 13 first first RB 34823 100 14 . . . 34823 101 1 Value value NN 34823 101 2 is be VBZ 34823 101 3 the the DT 34823 101 4 common common JJ 34823 101 5 quality quality NN 34823 101 6 of of IN 34823 101 7 wealth wealth NN 34823 101 8 . . . 34823 102 1 Wealth wealth NN 34823 102 2 in in IN 34823 102 3 most most JJS 34823 102 4 of of IN 34823 102 5 its -PRON- PRP$ 34823 102 6 aspects aspect NNS 34823 102 7 is be VBZ 34823 102 8 highly highly RB 34823 102 9 heterogeneous heterogeneous JJ 34823 102 10 : : : 34823 102 11 hay hay NN 34823 102 12 and and CC 34823 102 13 milk milk NN 34823 102 14 , , , 34823 102 15 iron iron NN 34823 102 16 and and CC 34823 102 17 corn corn NN 34823 102 18 - - HYPH 34823 102 19 land land NN 34823 102 20 , , , 34823 102 21 cows cow NNS 34823 102 22 and and CC 34823 102 23 calico calico NN 34823 102 24 , , , 34823 102 25 human human JJ 34823 102 26 services service NNS 34823 102 27 and and CC 34823 102 28 gold gold NN 34823 102 29 watches watch NNS 34823 102 30 , , , 34823 102 31 dollars dollar NNS 34823 102 32 and and CC 34823 102 33 doughnuts doughnut NNS 34823 102 34 , , , 34823 102 35 pig pig NN 34823 102 36 - - HYPH 34823 102 37 pens pen NNS 34823 102 38 and and CC 34823 102 39 pearls pearl NNS 34823 102 40 -- -- : 34823 102 41 all all PDT 34823 102 42 these these DT 34823 102 43 things thing NNS 34823 102 44 , , , 34823 102 45 diverse diverse JJ 34823 102 46 though though IN 34823 102 47 they -PRON- PRP 34823 102 48 be be VBP 34823 102 49 in in IN 34823 102 50 their -PRON- PRP$ 34823 102 51 physical physical JJ 34823 102 52 attributes attribute NNS 34823 102 53 , , , 34823 102 54 have have VB 34823 102 55 one one CD 34823 102 56 quality quality NN 34823 102 57 in in IN 34823 102 58 common common JJ 34823 102 59 : : : 34823 102 60 Economic Economic NNP 34823 102 61 Value Value NNP 34823 102 62 . . . 34823 103 1 [ [ -LRB- 34823 103 2 4 4 LS 34823 103 3 ] ] -RRB- 34823 103 4 By by IN 34823 103 5 virtue virtue NN 34823 103 6 of of IN 34823 103 7 this this DT 34823 103 8 common common JJ 34823 103 9 or or CC 34823 103 10 generic generic JJ 34823 103 11 quality quality NN 34823 103 12 , , , 34823 103 13 it -PRON- PRP 34823 103 14 is be VBZ 34823 103 15 possible possible JJ 34823 103 16 to to TO 34823 103 17 add add VB 34823 103 18 wealth wealth NN 34823 103 19 together together RB 34823 103 20 to to TO 34823 103 21 get get VB 34823 103 22 a a DT 34823 103 23 sum sum NN 34823 103 24 , , , 34823 103 25 to to TO 34823 103 26 compare compare VB 34823 103 27 items item NNS 34823 103 28 of of IN 34823 103 29 wealth wealth NN 34823 103 30 with with IN 34823 103 31 one one CD 34823 103 32 another another DT 34823 103 33 , , , 34823 103 34 to to TO 34823 103 35 see see VB 34823 103 36 which which WDT 34823 103 37 is be VBZ 34823 103 38 greater great JJR 34823 103 39 , , , 34823 103 40 to to TO 34823 103 41 get get VB 34823 103 42 ratios ratio NNS 34823 103 43 of of IN 34823 103 44 exchange exchange NN 34823 103 45 between between IN 34823 103 46 items item NNS 34823 103 47 of of IN 34823 103 48 wealth wealth NN 34823 103 49 , , , 34823 103 50 to to TO 34823 103 51 speak speak VB 34823 103 52 of of IN 34823 103 53 one one CD 34823 103 54 item item NN 34823 103 55 of of IN 34823 103 56 wealth wealth NN 34823 103 57 , , , 34823 103 58 say say VBP 34823 103 59 a a DT 34823 103 60 crop crop NN 34823 103 61 of of IN 34823 103 62 wheat wheat NN 34823 103 63 , , , 34823 103 64 as as IN 34823 103 65 being be VBG 34823 103 66 a a DT 34823 103 67 percentage percentage NN 34823 103 68 of of IN 34823 103 69 another another DT 34823 103 70 , , , 34823 103 71 say say VBP 34823 103 72 the the DT 34823 103 73 land land NN 34823 103 74 which which WDT 34823 103 75 produced produce VBD 34823 103 76 it -PRON- PRP 34823 103 77 , , , 34823 103 78 etc etc FW 34823 103 79 . . . 34823 104 1 This this DT 34823 104 2 common common JJ 34823 104 3 quality quality NN 34823 104 4 , , , 34823 104 5 value value NN 34823 104 6 , , , 34823 104 7 is be VBZ 34823 104 8 also also RB 34823 104 9 a a DT 34823 104 10 _ _ NNP 34823 104 11 quantity quantity NN 34823 104 12 _ _ NNP 34823 104 13 . . . 34823 105 1 It -PRON- PRP 34823 105 2 belongs belong VBZ 34823 105 3 to to IN 34823 105 4 that that DT 34823 105 5 class class NN 34823 105 6 of of IN 34823 105 7 qualities quality NNS 34823 105 8 which which WDT 34823 105 9 can can MD 34823 105 10 be be VB 34823 105 11 greater great JJR 34823 105 12 or or CC 34823 105 13 less less JJR 34823 105 14 , , , 34823 105 15 can can MD 34823 105 16 mount mount VB 34823 105 17 or or CC 34823 105 18 descend descend VB 34823 105 19 a a DT 34823 105 20 scale scale NN 34823 105 21 , , , 34823 105 22 without without IN 34823 105 23 ceasing cease VBG 34823 105 24 to to TO 34823 105 25 be be VB 34823 105 26 the the DT 34823 105 27 same same JJ 34823 105 28 quality,--like quality,--like NNP 34823 105 29 heat heat NN 34823 105 30 or or CC 34823 105 31 weight weight NN 34823 105 32 or or CC 34823 105 33 length length NN 34823 105 34 . . . 34823 106 1 Such such JJ 34823 106 2 qualities quality NNS 34823 106 3 are be VBP 34823 106 4 _ _ NNP 34823 106 5 quantities quantity NNS 34823 106 6 _ _ NNP 34823 106 7 . . . 34823 107 1 There there EX 34823 107 2 is be VBZ 34823 107 3 nothing nothing NN 34823 107 4 novel novel JJ 34823 107 5 in in IN 34823 107 6 the the DT 34823 107 7 statement statement NN 34823 107 8 that that IN 34823 107 9 a a DT 34823 107 10 quality quality NN 34823 107 11 is be VBZ 34823 107 12 also also RB 34823 107 13 a a DT 34823 107 14 quantity quantity NN 34823 107 15 . . . 34823 108 1 It -PRON- PRP 34823 108 2 is be VBZ 34823 108 3 implied imply VBN 34823 108 4 in in IN 34823 108 5 every every DT 34823 108 6 day day NN 34823 108 7 speech speech NN 34823 108 8 . . . 34823 109 1 We -PRON- PRP 34823 109 2 say say VBP 34823 109 3 that that IN 34823 109 4 a a DT 34823 109 5 man man NN 34823 109 6 is be VBZ 34823 109 7 tall tall JJ 34823 109 8 , , , 34823 109 9 or or CC 34823 109 10 heavy heavy JJ 34823 109 11 , , , 34823 109 12 or or CC 34823 109 13 that that IN 34823 109 14 the the DT 34823 109 15 room room NN 34823 109 16 is be VBZ 34823 109 17 hot hot JJ 34823 109 18 -- -- : 34823 109 19 qualitative qualitative JJ 34823 109 20 statements statement NNS 34823 109 21 ; ; : 34823 109 22 or or CC 34823 109 23 we -PRON- PRP 34823 109 24 may may MD 34823 109 25 say say VB 34823 109 26 exactly exactly RB 34823 109 27 how how WRB 34823 109 28 tall tall JJ 34823 109 29 , , , 34823 109 30 or or CC 34823 109 31 how how WRB 34823 109 32 heavy heavy JJ 34823 109 33 , , , 34823 109 34 or or CC 34823 109 35 how how WRB 34823 109 36 hot hot JJ 34823 109 37 -- -- : 34823 109 38 quantitative quantitative JJ 34823 109 39 statements statement NNS 34823 109 40 . . . 34823 110 1 The the DT 34823 110 2 distinction distinction NN 34823 110 3 between between IN 34823 110 4 qualitative qualitative JJ 34823 110 5 analysis analysis NN 34823 110 6 and and CC 34823 110 7 quantitative quantitative JJ 34823 110 8 analysis analysis NN 34823 110 9 in in IN 34823 110 10 chemistry chemistry NN 34823 110 11 implies imply VBZ 34823 110 12 the the DT 34823 110 13 same same JJ 34823 110 14 idea idea NN 34823 110 15 . . . 34823 111 1 Thus thus RB 34823 111 2 we -PRON- PRP 34823 111 3 may may MD 34823 111 4 speak speak VB 34823 111 5 of of IN 34823 111 6 a a DT 34823 111 7 piece piece NN 34823 111 8 of of IN 34823 111 9 wealth wealth NN 34823 111 10 as as IN 34823 111 11 having have VBG 34823 111 12 a a DT 34823 111 13 definite definite JJ 34823 111 14 quantity quantity NN 34823 111 15 of of IN 34823 111 16 value value NN 34823 111 17 , , , 34823 111 18 or or CC 34823 111 19 say say VB 34823 111 20 that that IN 34823 111 21 the the DT 34823 111 22 value value NN 34823 111 23 of of IN 34823 111 24 the the DT 34823 111 25 piece piece NN 34823 111 26 of of IN 34823 111 27 wealth wealth NN 34823 111 28 is be VBZ 34823 111 29 a a DT 34823 111 30 definite definite JJ 34823 111 31 quantity quantity NN 34823 111 32 . . . 34823 112 1 We -PRON- PRP 34823 112 2 may may MD 34823 112 3 then then RB 34823 112 4 work work VB 34823 112 5 out out RP 34823 112 6 mathematical mathematical JJ 34823 112 7 relations relation NNS 34823 112 8 among among IN 34823 112 9 the the DT 34823 112 10 different different JJ 34823 112 11 quantities quantity NNS 34823 112 12 of of IN 34823 112 13 value value NN 34823 112 14 , , , 34823 112 15 sums sum NNS 34823 112 16 , , , 34823 112 17 ratios ratio NNS 34823 112 18 , , , 34823 112 19 percentages percentage NNS 34823 112 20 , , , 34823 112 21 etc etc FW 34823 112 22 . . . 34823 113 1 Ratios Ratios NNP 34823 113 2 of of IN 34823 113 3 Exchange Exchange NNP 34823 113 4 are be VBP 34823 113 5 ratios ratio NNS 34823 113 6 between between IN 34823 113 7 two two CD 34823 113 8 quantities quantity NNS 34823 113 9 of of IN 34823 113 10 value value NN 34823 113 11 , , , 34823 113 12 the the DT 34823 113 13 values value NNS 34823 113 14 of of IN 34823 113 15 the the DT 34823 113 16 units unit NNS 34823 113 17 of of IN 34823 113 18 the the DT 34823 113 19 two two CD 34823 113 20 kinds kind NNS 34823 113 21 of of IN 34823 113 22 wealth wealth NN 34823 113 23 exchanged exchange VBN 34823 113 24 . . . 34823 114 1 [ [ -LRB- 34823 114 2 5 5 CD 34823 114 3 ] ] -RRB- 34823 114 4 A a DT 34823 114 5 good good JJ 34823 114 6 many many JJ 34823 114 7 economists economist NNS 34823 114 8 , , , 34823 114 9 particularly particularly RB 34823 114 10 in in IN 34823 114 11 their -PRON- PRP$ 34823 114 12 chapters chapter NNS 34823 114 13 on on IN 34823 114 14 definition definition NN 34823 114 15 , , , 34823 114 16 have have VBP 34823 114 17 defined define VBN 34823 114 18 value value NN 34823 114 19 as as IN 34823 114 20 a a DT 34823 114 21 ratio ratio NN 34823 114 22 of of IN 34823 114 23 exchange exchange NN 34823 114 24 . . . 34823 115 1 This this DT 34823 115 2 is be VBZ 34823 115 3 inaccurate inaccurate JJ 34823 115 4 . . . 34823 116 1 The the DT 34823 116 2 ratio ratio NN 34823 116 3 of of IN 34823 116 4 exchange exchange NN 34823 116 5 presupposes presuppose NNS 34823 116 6 _ _ NNP 34823 116 7 two two CD 34823 116 8 _ _ NNP 34823 116 9 values value NNS 34823 116 10 , , , 34823 116 11 which which WDT 34823 116 12 are be VBP 34823 116 13 the the DT 34823 116 14 terms term NNS 34823 116 15 of of IN 34823 116 16 the the DT 34823 116 17 ratio ratio NN 34823 116 18 . . . 34823 117 1 The the DT 34823 117 2 ratio ratio NN 34823 117 3 is be VBZ 34823 117 4 not not RB 34823 117 5 between between IN 34823 117 6 milk milk NN 34823 117 7 and and CC 34823 117 8 wheat wheat NN 34823 117 9 in in IN 34823 117 10 all all PDT 34823 117 11 their -PRON- PRP$ 34823 117 12 attributes attribute NNS 34823 117 13 . . . 34823 118 1 It -PRON- PRP 34823 118 2 is be VBZ 34823 118 3 between between IN 34823 118 4 milk milk NN 34823 118 5 and and CC 34823 118 6 wheat wheat NN 34823 118 7 with with IN 34823 118 8 respect respect NN 34823 118 9 to to IN 34823 118 10 one one CD 34823 118 11 particular particular JJ 34823 118 12 attribute attribute NN 34823 118 13 . . . 34823 119 1 Compare compare VB 34823 119 2 them -PRON- PRP 34823 119 3 on on IN 34823 119 4 the the DT 34823 119 5 basis basis NN 34823 119 6 of of IN 34823 119 7 weight weight NN 34823 119 8 , , , 34823 119 9 or or CC 34823 119 10 cubic cubic JJ 34823 119 11 contents content NNS 34823 119 12 , , , 34823 119 13 and and CC 34823 119 14 you -PRON- PRP 34823 119 15 would would MD 34823 119 16 get get VB 34823 119 17 ratios ratio NNS 34823 119 18 quite quite RB 34823 119 19 different different JJ 34823 119 20 from from IN 34823 119 21 the the DT 34823 119 22 ratio ratio NN 34823 119 23 which which WDT 34823 119 24 actually actually RB 34823 119 25 is be VBZ 34823 119 26 the the DT 34823 119 27 ratio ratio NN 34823 119 28 of of IN 34823 119 29 exchange exchange NN 34823 119 30 . . . 34823 120 1 The the DT 34823 120 2 ratio ratio NN 34823 120 3 is be VBZ 34823 120 4 between between IN 34823 120 5 their -PRON- PRP$ 34823 120 6 values value NNS 34823 120 7 . . . 34823 121 1 [ [ -LRB- 34823 121 2 Illustration illustration NN 34823 121 3 : : : 34823 121 4 Ratio Ratio NNP 34823 121 5 of of IN 34823 121 6 Exchange Exchange NNP 34823 121 7 Milk Milk NNP 34823 121 8 ------------------------- ------------------------- NNP 34823 121 9 Wheat wheat NN 34823 121 10 \ \ NNP 34823 121 11 / / SYM 34823 121 12 \ \ NN 34823 121 13 / / SYM 34823 121 14 \ \ NN 34823 121 15 Value Value NNP 34823 121 16 Value value NN 34823 121 17 / / SYM 34823 121 18 \ \ NN 34823 121 19 / / SYM 34823 121 20 \ \ NN 34823 121 21 / / SYM 34823 121 22 \ \ NN 34823 121 23 / / SYM 34823 121 24 \ \ NNP 34823 121 25 / / SYM 34823 121 26 Social Social NNP 34823 121 27 Mind Mind NNP 34823 121 28 ] ] -RRB- 34823 121 29 In in IN 34823 121 30 the the DT 34823 121 31 diagram diagram NN 34823 121 32 above above RB 34823 121 33 , , , 34823 121 34 something something NN 34823 121 35 of of IN 34823 121 36 what what WP 34823 121 37 is be VBZ 34823 121 38 to to TO 34823 121 39 follow follow VB 34823 121 40 is be VBZ 34823 121 41 anticipated anticipate VBN 34823 121 42 , , , 34823 121 43 since since IN 34823 121 44 the the DT 34823 121 45 cause cause NN 34823 121 46 of of IN 34823 121 47 value value NN 34823 121 48 is be VBZ 34823 121 49 indicated indicate VBN 34823 121 50 . . . 34823 122 1 Wheat wheat NN 34823 122 2 is be VBZ 34823 122 3 shown show VBN 34823 122 4 to to TO 34823 122 5 be be VB 34823 122 6 exerting exert VBG 34823 122 7 an an DT 34823 122 8 influence influence NN 34823 122 9 on on IN 34823 122 10 milk milk NN 34823 122 11 , , , 34823 122 12 and and CC 34823 122 13 milk milk NN 34823 122 14 exerts exert NNS 34823 122 15 an an DT 34823 122 16 influence influence NN 34823 122 17 on on IN 34823 122 18 wheat wheat NN 34823 122 19 . . . 34823 123 1 The the DT 34823 123 2 comparative comparative JJ 34823 123 3 strength strength NN 34823 123 4 of of IN 34823 123 5 these these DT 34823 123 6 two two CD 34823 123 7 influences influence NNS 34823 123 8 determines determine VBZ 34823 123 9 the the DT 34823 123 10 ratio ratio NN 34823 123 11 of of IN 34823 123 12 exchange exchange NN 34823 123 13 between between IN 34823 123 14 them -PRON- PRP 34823 123 15 . . . 34823 124 1 But but CC 34823 124 2 these these DT 34823 124 3 two two CD 34823 124 4 influences influence NNS 34823 124 5 are be VBP 34823 124 6 not not RB 34823 124 7 ultimate ultimate JJ 34823 124 8 . . . 34823 125 1 The the DT 34823 125 2 ratio ratio NN 34823 125 3 of of IN 34823 125 4 exchange exchange NN 34823 125 5 is be VBZ 34823 125 6 a a DT 34823 125 7 relation relation NN 34823 125 8 , , , 34823 125 9 a a DT 34823 125 10 _ _ NNP 34823 125 11 reciprocal reciprocal JJ 34823 125 12 _ _ NNP 34823 125 13 relation relation NN 34823 125 14 . . . 34823 126 1 It -PRON- PRP 34823 126 2 works work VBZ 34823 126 3 both both DT 34823 126 4 ways way NNS 34823 126 5 . . . 34823 127 1 But but CC 34823 127 2 behind behind IN 34823 127 3 this this DT 34823 127 4 relativity relativity NN 34823 127 5 , , , 34823 127 6 this this DT 34823 127 7 scheme scheme NN 34823 127 8 of of IN 34823 127 9 relations relation NNS 34823 127 10 between between IN 34823 127 11 values value NNS 34823 127 12 , , , 34823 127 13 there there EX 34823 127 14 lie lie VBP 34823 127 15 two two CD 34823 127 16 values value NNS 34823 127 17 which which WDT 34823 127 18 are be VBP 34823 127 19 absolute absolute JJ 34823 127 20 . . . 34823 128 1 These these DT 34823 128 2 values value NNS 34823 128 3 rest rest VBP 34823 128 4 in in IN 34823 128 5 the the DT 34823 128 6 pull pull NN 34823 128 7 exerted exert VBN 34823 128 8 on on IN 34823 128 9 wheat wheat NN 34823 128 10 and and CC 34823 128 11 on on IN 34823 128 12 milk milk NN 34823 128 13 by by IN 34823 128 14 the the DT 34823 128 15 human human JJ 34823 128 16 factor factor NN 34823 128 17 which which WDT 34823 128 18 is be VBZ 34823 128 19 fundamental fundamental JJ 34823 128 20 , , , 34823 128 21 which which WDT 34823 128 22 in in IN 34823 128 23 our -PRON- PRP$ 34823 128 24 diagram diagram NN 34823 128 25 we -PRON- PRP 34823 128 26 have have VBP 34823 128 27 called call VBN 34823 128 28 the the DT 34823 128 29 " " `` 34823 128 30 social social JJ 34823 128 31 mind mind NN 34823 128 32 . . . 34823 128 33 " " '' 34823 129 1 Values value NNS 34823 129 2 lie lie VBP 34823 129 3 behind behind IN 34823 129 4 ratios ratio NNS 34823 129 5 of of IN 34823 129 6 exchange exchange NN 34823 129 7 , , , 34823 129 8 and and CC 34823 129 9 causally causally RB 34823 129 10 determine determine VB 34823 129 11 them -PRON- PRP 34823 129 12 . . . 34823 130 1 The the DT 34823 130 2 important important JJ 34823 130 3 thing thing NN 34823 130 4 for for IN 34823 130 5 present present JJ 34823 130 6 purposes purpose NNS 34823 130 7 is be VBZ 34823 130 8 merely merely RB 34823 130 9 to to TO 34823 130 10 note note VB 34823 130 11 that that DT 34823 130 12 value value NN 34823 130 13 is be VBZ 34823 130 14 prior prior RB 34823 130 15 to to IN 34823 130 16 exchange exchange NN 34823 130 17 relations relation NNS 34823 130 18 , , , 34823 130 19 that that IN 34823 130 20 it -PRON- PRP 34823 130 21 is be VBZ 34823 130 22 an an DT 34823 130 23 absolute absolute JJ 34823 130 24 quantity quantity NN 34823 130 25 , , , 34823 130 26 and and CC 34823 130 27 not not RB 34823 130 28 , , , 34823 130 29 as as IN 34823 130 30 many many JJ 34823 130 31 economists economist NNS 34823 130 32 have have VBP 34823 130 33 put put VBN 34823 130 34 it -PRON- PRP 34823 130 35 , , , 34823 130 36 purely purely RB 34823 130 37 relative relative JJ 34823 130 38 . . . 34823 131 1 The the DT 34823 131 2 ratio ratio NN 34823 131 3 of of IN 34823 131 4 exchange exchange NN 34823 131 5 is be VBZ 34823 131 6 relative relative JJ 34823 131 7 , , , 34823 131 8 but but CC 34823 131 9 there there EX 34823 131 10 must must MD 34823 131 11 be be VB 34823 131 12 absolutes absolute NNS 34823 131 13 behind behind IN 34823 131 14 relations relation NNS 34823 131 15 . . . 34823 132 1 A a DT 34823 132 2 _ _ NNP 34823 132 3 price price NN 34823 132 4 _ _ NNP 34823 132 5 is be VBZ 34823 132 6 merely merely RB 34823 132 7 one one CD 34823 132 8 particular particular JJ 34823 132 9 kind kind NN 34823 132 10 of of RB 34823 132 11 ratio ratio NN 34823 132 12 of of IN 34823 132 13 exchange exchange NN 34823 132 14 , , , 34823 132 15 namely namely RB 34823 132 16 , , , 34823 132 17 a a DT 34823 132 18 ratio ratio NN 34823 132 19 of of IN 34823 132 20 exchange exchange NN 34823 132 21 in in IN 34823 132 22 which which WDT 34823 132 23 one one CD 34823 132 24 of of IN 34823 132 25 the the DT 34823 132 26 terms term NNS 34823 132 27 is be VBZ 34823 132 28 the the DT 34823 132 29 value value NN 34823 132 30 of of IN 34823 132 31 the the DT 34823 132 32 money money NN 34823 132 33 unit unit NN 34823 132 34 . . . 34823 133 1 [ [ -LRB- 34823 133 2 6 6 CD 34823 133 3 ] ] -RRB- 34823 133 4 In in IN 34823 133 5 modern modern JJ 34823 133 6 life life NN 34823 133 7 , , , 34823 133 8 prices price NNS 34823 133 9 are be VBP 34823 133 10 the the DT 34823 133 11 chief chief JJ 34823 133 12 form form NN 34823 133 13 of of IN 34823 133 14 ratio ratio NN 34823 133 15 of of IN 34823 133 16 exchange exchange NN 34823 133 17 , , , 34823 133 18 but but CC 34823 133 19 it -PRON- PRP 34823 133 20 is be VBZ 34823 133 21 important important JJ 34823 133 22 for for IN 34823 133 23 some some DT 34823 133 24 purposes purpose NNS 34823 133 25 to to TO 34823 133 26 remember remember VB 34823 133 27 that that IN 34823 133 28 they -PRON- PRP 34823 133 29 are be VBP 34823 133 30 not not RB 34823 133 31 the the DT 34823 133 32 only only JJ 34823 133 33 form form NN 34823 133 34 . . . 34823 134 1 Values value NNS 34823 134 2 may may MD 34823 134 3 simultaneously simultaneously RB 34823 134 4 rise rise VB 34823 134 5 and and CC 34823 134 6 fall fall VB 34823 134 7 . . . 34823 135 1 There there EX 34823 135 2 may may MD 34823 135 3 be be VB 34823 135 4 an an DT 34823 135 5 increase increase NN 34823 135 6 or or CC 34823 135 7 decrease decrease NN 34823 135 8 in in IN 34823 135 9 the the DT 34823 135 10 sum sum NN 34823 135 11 total total NN 34823 135 12 of of IN 34823 135 13 values value NNS 34823 135 14 . . . 34823 136 1 Ratios ratio NNS 34823 136 2 of of IN 34823 136 3 exchange exchange NN 34823 136 4 can can MD 34823 136 5 not not RB 34823 136 6 all all RB 34823 136 7 rise rise VB 34823 136 8 or or CC 34823 136 9 fall fall VBP 34823 136 10 . . . 34823 137 1 A a DT 34823 137 2 rise rise NN 34823 137 3 in in IN 34823 137 4 the the DT 34823 137 5 ratio ratio NN 34823 137 6 of of IN 34823 137 7 the the DT 34823 137 8 value value NN 34823 137 9 of of IN 34823 137 10 wheat wheat NN 34823 137 11 to to IN 34823 137 12 the the DT 34823 137 13 value value NN 34823 137 14 of of IN 34823 137 15 milk milk NN 34823 137 16 means mean VBZ 34823 137 17 a a DT 34823 137 18 fall fall NN 34823 137 19 in in IN 34823 137 20 the the DT 34823 137 21 ratio ratio NN 34823 137 22 of of IN 34823 137 23 the the DT 34823 137 24 value value NN 34823 137 25 of of IN 34823 137 26 milk milk NN 34823 137 27 to to IN 34823 137 28 the the DT 34823 137 29 value value NN 34823 137 30 of of IN 34823 137 31 wheat wheat NN 34823 137 32 . . . 34823 138 1 Both both DT 34823 138 2 may may MD 34823 138 3 have have VB 34823 138 4 fallen fall VBN 34823 138 5 in in IN 34823 138 6 absolute absolute JJ 34823 138 7 value value NN 34823 138 8 , , , 34823 138 9 but but CC 34823 138 10 both both DT 34823 138 11 can can MD 34823 138 12 not not RB 34823 138 13 simultaneously simultaneously RB 34823 138 14 rise rise VB 34823 138 15 or or CC 34823 138 16 fall fall VBP 34823 138 17 with with IN 34823 138 18 reference reference NN 34823 138 19 to to IN 34823 138 20 one one CD 34823 138 21 another another DT 34823 138 22 . . . 34823 139 1 This this DT 34823 139 2 is be VBZ 34823 139 3 the the DT 34823 139 4 truism truism NN 34823 139 5 regarding regard VBG 34823 139 6 ratios ratio NNS 34823 139 7 of of IN 34823 139 8 exchange exchange NN 34823 139 9 which which WDT 34823 139 10 many many JJ 34823 139 11 economists economist NNS 34823 139 12 have have VBP 34823 139 13 inaccurately inaccurately RB 34823 139 14 applied apply VBN 34823 139 15 to to IN 34823 139 16 value value VB 34823 139 17 itself -PRON- PRP 34823 139 18 in in IN 34823 139 19 the the DT 34823 139 20 doctrine doctrine NN 34823 139 21 that that IN 34823 139 22 there there EX 34823 139 23 can can MD 34823 139 24 not not RB 34823 139 25 be be VB 34823 139 26 a a DT 34823 139 27 simultaneous simultaneous JJ 34823 139 28 rise rise NN 34823 139 29 or or CC 34823 139 30 fall fall NN 34823 139 31 of of IN 34823 139 32 values value NNS 34823 139 33 . . . 34823 140 1 There there EX 34823 140 2 can can MD 34823 140 3 be be VB 34823 140 4 a a DT 34823 140 5 simultaneous simultaneous JJ 34823 140 6 rise rise NN 34823 140 7 or or CC 34823 140 8 fall fall NN 34823 140 9 of of IN 34823 140 10 values value NNS 34823 140 11 , , , 34823 140 12 but but CC 34823 140 13 not not RB 34823 140 14 a a DT 34823 140 15 simultaneous simultaneous JJ 34823 140 16 rise rise NN 34823 140 17 or or CC 34823 140 18 fall fall NN 34823 140 19 of of IN 34823 140 20 ratios ratio NNS 34823 140 21 of of IN 34823 140 22 exchange exchange NN 34823 140 23 . . . 34823 141 1 There there EX 34823 141 2 can can MD 34823 141 3 be be VB 34823 141 4 a a DT 34823 141 5 general general JJ 34823 141 6 rise rise NN 34823 141 7 or or CC 34823 141 8 fall fall NN 34823 141 9 of of IN 34823 141 10 prices price NNS 34823 141 11 . . . 34823 142 1 Goods good NNS 34823 142 2 in in IN 34823 142 3 general general JJ 34823 142 4 , , , 34823 142 5 other other JJ 34823 142 6 than than IN 34823 142 7 money money NN 34823 142 8 , , , 34823 142 9 may may MD 34823 142 10 rise rise VB 34823 142 11 in in IN 34823 142 12 value value NN 34823 142 13 , , , 34823 142 14 while while IN 34823 142 15 money money NN 34823 142 16 remains remain VBZ 34823 142 17 constant constant JJ 34823 142 18 in in IN 34823 142 19 value value NN 34823 142 20 . . . 34823 143 1 This this DT 34823 143 2 would would MD 34823 143 3 mean mean VB 34823 143 4 a a DT 34823 143 5 rise rise NN 34823 143 6 in in IN 34823 143 7 prices price NNS 34823 143 8 . . . 34823 144 1 Or or CC 34823 144 2 , , , 34823 144 3 money money NN 34823 144 4 may may MD 34823 144 5 fall fall VB 34823 144 6 in in IN 34823 144 7 value value NN 34823 144 8 while while IN 34823 144 9 goods good NNS 34823 144 10 in in IN 34823 144 11 general general JJ 34823 144 12 are be VBP 34823 144 13 stationary stationary JJ 34823 144 14 in in IN 34823 144 15 value value NN 34823 144 16 . . . 34823 145 1 This this DT 34823 145 2 would would MD 34823 145 3 also also RB 34823 145 4 mean mean VB 34823 145 5 a a DT 34823 145 6 rise rise NN 34823 145 7 in in IN 34823 145 8 prices price NNS 34823 145 9 . . . 34823 146 1 In in IN 34823 146 2 either either DT 34823 146 3 case case NN 34823 146 4 , , , 34823 146 5 more more JJR 34823 146 6 money money NN 34823 146 7 would would MD 34823 146 8 be be VB 34823 146 9 given give VBN 34823 146 10 for for IN 34823 146 11 other other JJ 34823 146 12 goods good NNS 34823 146 13 , , , 34823 146 14 and and CC 34823 146 15 the the DT 34823 146 16 ratio ratio NN 34823 146 17 between between IN 34823 146 18 the the DT 34823 146 19 value value NN 34823 146 20 of of IN 34823 146 21 the the DT 34823 146 22 money money NN 34823 146 23 unit unit NN 34823 146 24 and and CC 34823 146 25 the the DT 34823 146 26 value value NN 34823 146 27 of of IN 34823 146 28 other other JJ 34823 146 29 goods good NNS 34823 146 30 would would MD 34823 146 31 have have VB 34823 146 32 altered alter VBN 34823 146 33 adversely adversely RB 34823 146 34 to to IN 34823 146 35 money money NN 34823 146 36 . . . 34823 147 1 There there EX 34823 147 2 are be VBP 34823 147 3 writers writer NNS 34823 147 4 to to TO 34823 147 5 whom whom WP 34823 147 6 the the DT 34823 147 7 term term NN 34823 147 8 , , , 34823 147 9 value value NN 34823 147 10 of of IN 34823 147 11 money money NN 34823 147 12 , , , 34823 147 13 means mean VBZ 34823 147 14 merely merely RB 34823 147 15 the the DT 34823 147 16 average average NN 34823 147 17 of of IN 34823 147 18 prices price NNS 34823 147 19 ( ( -LRB- 34823 147 20 or or CC 34823 147 21 the the DT 34823 147 22 reciprocal reciprocal NN 34823 147 23 of of IN 34823 147 24 the the DT 34823 147 25 average average NN 34823 147 26 of of IN 34823 147 27 prices price NNS 34823 147 28 ) ) -RRB- 34823 147 29 . . . 34823 148 1 For for IN 34823 148 2 them -PRON- PRP 34823 148 3 , , , 34823 148 4 a a DT 34823 148 5 rise rise NN 34823 148 6 in in IN 34823 148 7 the the DT 34823 148 8 average average NN 34823 148 9 of of IN 34823 148 10 prices price NNS 34823 148 11 is be VBZ 34823 148 12 , , , 34823 148 13 _ _ NNP 34823 148 14 ipso ipso FW 34823 148 15 facto facto FW 34823 148 16 _ _ NNP 34823 148 17 , , , 34823 148 18 a a DT 34823 148 19 fall fall NN 34823 148 20 in in IN 34823 148 21 the the DT 34823 148 22 value value NN 34823 148 23 of of IN 34823 148 24 money money NN 34823 148 25 . . . 34823 149 1 This this DT 34823 149 2 view view NN 34823 149 3 will will MD 34823 149 4 receive receive VB 34823 149 5 repeated repeat VBN 34823 149 6 attention attention NN 34823 149 7 in in IN 34823 149 8 later later JJ 34823 149 9 chapters chapter NNS 34823 149 10 . . . 34823 150 1 The the DT 34823 150 2 view view NN 34823 150 3 maintained maintain VBD 34823 150 4 in in IN 34823 150 5 the the DT 34823 150 6 present present JJ 34823 150 7 book book NN 34823 150 8 is be VBZ 34823 150 9 that that IN 34823 150 10 the the DT 34823 150 11 value value NN 34823 150 12 of of IN 34823 150 13 money money NN 34823 150 14 is be VBZ 34823 150 15 a a DT 34823 150 16 quality quality NN 34823 150 17 of of IN 34823 150 18 money money NN 34823 150 19 , , , 34823 150 20 that that DT 34823 150 21 quality quality NN 34823 150 22 which which WDT 34823 150 23 money money NN 34823 150 24 shares share NNS 34823 150 25 with with IN 34823 150 26 other other JJ 34823 150 27 forms form NNS 34823 150 28 of of IN 34823 150 29 wealth wealth NN 34823 150 30 , , , 34823 150 31 which which WDT 34823 150 32 lies lie VBZ 34823 150 33 behind behind RB 34823 150 34 , , , 34823 150 35 and and CC 34823 150 36 causally causally RB 34823 150 37 explains explain VBZ 34823 150 38 , , , 34823 150 39 the the DT 34823 150 40 exchange exchange NN 34823 150 41 relations relation NNS 34823 150 42 into into IN 34823 150 43 which which WDT 34823 150 44 money money NN 34823 150 45 enters enter VBZ 34823 150 46 . . . 34823 151 1 Every every DT 34823 151 2 price price NN 34823 151 3 implies imply VBZ 34823 151 4 _ _ NNP 34823 151 5 two two CD 34823 151 6 _ _ NNP 34823 151 7 values value NNS 34823 151 8 , , , 34823 151 9 the the DT 34823 151 10 value value NN 34823 151 11 of of IN 34823 151 12 the the DT 34823 151 13 money money NN 34823 151 14 - - HYPH 34823 151 15 unit unit NN 34823 151 16 and and CC 34823 151 17 the the DT 34823 151 18 value value NN 34823 151 19 of of IN 34823 151 20 the the DT 34823 151 21 unit unit NN 34823 151 22 of of IN 34823 151 23 the the DT 34823 151 24 good good NN 34823 151 25 in in IN 34823 151 26 question question NN 34823 151 27 . . . 34823 152 1 Value value NN 34823 152 2 is be VBZ 34823 152 3 prior prior RB 34823 152 4 to to IN 34823 152 5 _ _ NNP 34823 152 6 exchange exchange NN 34823 152 7 _ _ NNP 34823 152 8 . . . 34823 153 1 Value value NN 34823 153 2 is be VBZ 34823 153 3 not not RB 34823 153 4 to to TO 34823 153 5 be be VB 34823 153 6 defined define VBN 34823 153 7 as as IN 34823 153 8 " " `` 34823 153 9 power power NN 34823 153 10 in in IN 34823 153 11 exchange exchange NN 34823 153 12 . . . 34823 153 13 " " '' 34823 154 1 Certain certain JJ 34823 154 2 writers[7 writers[7 NNP 34823 154 3 ] ] -RRB- 34823 154 4 who who WP 34823 154 5 see see VBP 34823 154 6 the the DT 34823 154 7 need need NN 34823 154 8 of of IN 34823 154 9 a a DT 34823 154 10 quantitative quantitative JJ 34823 154 11 value value NN 34823 154 12 , , , 34823 154 13 which which WDT 34823 154 14 can can MD 34823 154 15 be be VB 34823 154 16 attributed attribute VBN 34823 154 17 to to IN 34823 154 18 goods good NNS 34823 154 19 as as IN 34823 154 20 a a DT 34823 154 21 quality quality NN 34823 154 22 , , , 34823 154 23 still still RB 34823 154 24 cling cle VBG 34823 154 25 to to IN 34823 154 26 the the DT 34823 154 27 notion notion NN 34823 154 28 that that IN 34823 154 29 value value NN 34823 154 30 is be VBZ 34823 154 31 relative relative JJ 34823 154 32 , , , 34823 154 33 that that IN 34823 154 34 two two CD 34823 154 35 goods good NNS 34823 154 36 must must MD 34823 154 37 exist exist VB 34823 154 38 before before IN 34823 154 39 one one CD 34823 154 40 value value NN 34823 154 41 can can MD 34823 154 42 exist exist VB 34823 154 43 , , , 34823 154 44 and and CC 34823 154 45 that that DT 34823 154 46 value value NN 34823 154 47 is be VBZ 34823 154 48 " " `` 34823 154 49 power power NN 34823 154 50 in in IN 34823 154 51 exchange exchange NN 34823 154 52 , , , 34823 154 53 " " '' 34823 154 54 or or CC 34823 154 55 " " `` 34823 154 56 purchasing purchase VBG 34823 154 57 power power NN 34823 154 58 . . . 34823 154 59 " " '' 34823 155 1 The the DT 34823 155 2 power power NN 34823 155 3 is be VBZ 34823 155 4 conceived conceive VBN 34823 155 5 of of RB 34823 155 6 as as IN 34823 155 7 something something NN 34823 155 8 more more JJR 34823 155 9 than than IN 34823 155 10 the the DT 34823 155 11 fact fact NN 34823 155 12 of of IN 34823 155 13 exchange exchange NN 34823 155 14 , , , 34823 155 15 and and CC 34823 155 16 as as IN 34823 155 17 a a DT 34823 155 18 cause cause NN 34823 155 19 of of IN 34823 155 20 the the DT 34823 155 21 exchange exchange NN 34823 155 22 relations relation NNS 34823 155 23 , , , 34823 155 24 but but CC 34823 155 25 is be VBZ 34823 155 26 , , , 34823 155 27 none none NN 34823 155 28 the the DT 34823 155 29 less less RBR 34823 155 30 , , , 34823 155 31 defined define VBN 34823 155 32 in in IN 34823 155 33 terms term NNS 34823 155 34 of of IN 34823 155 35 exchange exchange NN 34823 155 36 . . . 34823 156 1 This this DT 34823 156 2 position position NN 34823 156 3 , , , 34823 156 4 however however RB 34823 156 5 , , , 34823 156 6 does do VBZ 34823 156 7 not not RB 34823 156 8 really really RB 34823 156 9 advance advance VB 34823 156 10 the the DT 34823 156 11 analysis analysis NN 34823 156 12 . . . 34823 157 1 It -PRON- PRP 34823 157 2 is be VBZ 34823 157 3 a a DT 34823 157 4 verbal verbal JJ 34823 157 5 solution solution NN 34823 157 6 of of IN 34823 157 7 difficulties difficulty NNS 34823 157 8 merely merely RB 34823 157 9 . . . 34823 158 1 To to TO 34823 158 2 say say VB 34823 158 3 that that IN 34823 158 4 goods good NNS 34823 158 5 command command VBP 34823 158 6 a a DT 34823 158 7 price price NN 34823 158 8 because because IN 34823 158 9 they -PRON- PRP 34823 158 10 have have VBP 34823 158 11 power power NN 34823 158 12 in in IN 34823 158 13 exchange exchange NN 34823 158 14 is be VBZ 34823 158 15 like like IN 34823 158 16 saying say VBG 34823 158 17 that that IN 34823 158 18 opium opium NN 34823 158 19 puts put VBZ 34823 158 20 men man NNS 34823 158 21 to to TO 34823 158 22 sleep sleep VB 34823 158 23 because because IN 34823 158 24 it -PRON- PRP 34823 158 25 has have VBZ 34823 158 26 a a DT 34823 158 27 dormitive dormitive JJ 34823 158 28 power power NN 34823 158 29 . . . 34823 159 1 Physicians physician NNS 34823 159 2 now now RB 34823 159 3 recognize recognize VBP 34823 159 4 that that IN 34823 159 5 this this DT 34823 159 6 is be VBZ 34823 159 7 no no DT 34823 159 8 solution solution NN 34823 159 9 of of IN 34823 159 10 difficulties difficulty NNS 34823 159 11 , , , 34823 159 12 that that IN 34823 159 13 it -PRON- PRP 34823 159 14 is be VBZ 34823 159 15 merely merely RB 34823 159 16 a a DT 34823 159 17 repetition repetition NN 34823 159 18 of of IN 34823 159 19 the the DT 34823 159 20 problem problem NN 34823 159 21 in in IN 34823 159 22 other other JJ 34823 159 23 words word NNS 34823 159 24 . . . 34823 160 1 If if IN 34823 160 2 we -PRON- PRP 34823 160 3 wish wish VBP 34823 160 4 to to TO 34823 160 5 explain explain VB 34823 160 6 exchange exchange NN 34823 160 7 , , , 34823 160 8 we -PRON- PRP 34823 160 9 must must MD 34823 160 10 seek seek VB 34823 160 11 the the DT 34823 160 12 explanation explanation NN 34823 160 13 in in IN 34823 160 14 something something NN 34823 160 15 anterior anterior JJ 34823 160 16 to to TO 34823 160 17 exchange exchange VB 34823 160 18 . . . 34823 161 1 If if IN 34823 161 2 value value NN 34823 161 3 is be VBZ 34823 161 4 to to TO 34823 161 5 be be VB 34823 161 6 distinguished distinguish VBN 34823 161 7 from from IN 34823 161 8 ratio ratio NN 34823 161 9 of of IN 34823 161 10 exchange exchange NN 34823 161 11 at at RB 34823 161 12 all all RB 34823 161 13 , , , 34823 161 14 it -PRON- PRP 34823 161 15 can can MD 34823 161 16 not not RB 34823 161 17 be be VB 34823 161 18 defined define VBN 34823 161 19 as as IN 34823 161 20 " " `` 34823 161 21 power power NN 34823 161 22 in in IN 34823 161 23 exchange exchange NN 34823 161 24 . . . 34823 161 25 " " '' 34823 162 1 To to TO 34823 162 2 seek seek VB 34823 162 3 to to TO 34823 162 4 confine confine VB 34823 162 5 value value NN 34823 162 6 to to IN 34823 162 7 exchange exchange NN 34823 162 8 relations relation NNS 34823 162 9 , , , 34823 162 10 moreover moreover RB 34823 162 11 , , , 34823 162 12 makes make VBZ 34823 162 13 it -PRON- PRP 34823 162 14 impossible impossible JJ 34823 162 15 to to TO 34823 162 16 speak speak VB 34823 162 17 of of IN 34823 162 18 the the DT 34823 162 19 value value NN 34823 162 20 of of IN 34823 162 21 such such JJ 34823 162 22 things thing NNS 34823 162 23 as as IN 34823 162 24 the the DT 34823 162 25 Capitol Capitol NNP 34823 162 26 at at IN 34823 162 27 Washington Washington NNP 34823 162 28 City City NNP 34823 162 29 , , , 34823 162 30 or or CC 34823 162 31 the the DT 34823 162 32 value value NN 34823 162 33 of of IN 34823 162 34 an an DT 34823 162 35 entailed entailed JJ 34823 162 36 estate estate NN 34823 162 37 , , , 34823 162 38 or or CC 34823 162 39 of of IN 34823 162 40 values value NNS 34823 162 41 as as IN 34823 162 42 existing exist VBG 34823 162 43 _ _ NNP 34823 162 44 between between IN 34823 162 45 _ _ NNP 34823 162 46 exchanges exchange NNS 34823 162 47 . . . 34823 163 1 Nor nor CC 34823 163 2 can can MD 34823 163 3 we -PRON- PRP 34823 163 4 make make VB 34823 163 5 the the DT 34823 163 6 price price NN 34823 163 7 which which WDT 34823 163 8 a a DT 34823 163 9 good good NN 34823 163 10 would would MD 34823 163 11 command command VB 34823 163 12 at at IN 34823 163 13 a a DT 34823 163 14 given give VBN 34823 163 15 moment moment NN 34823 163 16 the the DT 34823 163 17 test test NN 34823 163 18 of of IN 34823 163 19 its -PRON- PRP$ 34823 163 20 value value NN 34823 163 21 , , , 34823 163 22 except except IN 34823 163 23 in in IN 34823 163 24 the the DT 34823 163 25 case case NN 34823 163 26 of of IN 34823 163 27 the the DT 34823 163 28 highly highly RB 34823 163 29 organized organized JJ 34823 163 30 , , , 34823 163 31 fluid fluid JJ 34823 163 32 market market NN 34823 163 33 . . . 34823 164 1 Land land NN 34823 164 2 , , , 34823 164 3 at at IN 34823 164 4 forced force VBN 34823 164 5 sale sale NN 34823 164 6 , , , 34823 164 7 notoriously notoriously RB 34823 164 8 often often RB 34823 164 9 brings bring VBZ 34823 164 10 prices price NNS 34823 164 11 which which WDT 34823 164 12 do do VBP 34823 164 13 not not RB 34823 164 14 correctly correctly RB 34823 164 15 express express VB 34823 164 16 its -PRON- PRP$ 34823 164 17 value value NN 34823 164 18 . . . 34823 165 1 Moreover moreover RB 34823 165 2 , , , 34823 165 3 even even RB 34823 165 4 for for IN 34823 165 5 wheat wheat NN 34823 165 6 in in IN 34823 165 7 the the DT 34823 165 8 grain grain NN 34823 165 9 pit pit NN 34823 165 10 , , , 34823 165 11 the the DT 34823 165 12 exchange exchange NN 34823 165 13 test test NN 34823 165 14 is be VBZ 34823 165 15 valid valid JJ 34823 165 16 only only RB 34823 165 17 on on IN 34823 165 18 the the DT 34823 165 19 assumption assumption NN 34823 165 20 that that IN 34823 165 21 a a DT 34823 165 22 comparatively comparatively RB 34823 165 23 small small JJ 34823 165 24 amount amount NN 34823 165 25 is be VBZ 34823 165 26 to to TO 34823 165 27 be be VB 34823 165 28 sold sell VBN 34823 165 29 . . . 34823 166 1 If if IN 34823 166 2 very very RB 34823 166 3 much much RB 34823 166 4 is be VBZ 34823 166 5 put put VBN 34823 166 6 on on IN 34823 166 7 the the DT 34823 166 8 market market NN 34823 166 9 , , , 34823 166 10 the the DT 34823 166 11 situation situation NN 34823 166 12 is be VBZ 34823 166 13 changed change VBN 34823 166 14 , , , 34823 166 15 and and CC 34823 166 16 the the DT 34823 166 17 value value NN 34823 166 18 falls fall VBZ 34823 166 19 . . . 34823 167 1 In in IN 34823 167 2 other other JJ 34823 167 3 words word NNS 34823 167 4 , , , 34823 167 5 if if IN 34823 167 6 " " `` 34823 167 7 bulls bull NNS 34823 167 8 " " '' 34823 167 9 cease cease NN 34823 167 10 to to TO 34823 167 11 be be VB 34823 167 12 " " `` 34823 167 13 bulls bull NNS 34823 167 14 , , , 34823 167 15 " " '' 34823 167 16 and and CC 34823 167 17 shift shift VB 34823 167 18 to to IN 34823 167 19 the the DT 34823 167 20 other other JJ 34823 167 21 side side NN 34823 167 22 of of IN 34823 167 23 the the DT 34823 167 24 market market NN 34823 167 25 , , , 34823 167 26 the the DT 34823 167 27 very very JJ 34823 167 28 elements element NNS 34823 167 29 which which WDT 34823 167 30 were be VBD 34823 167 31 sustaining sustain VBG 34823 167 32 the the DT 34823 167 33 value value NN 34823 167 34 of of IN 34823 167 35 the the DT 34823 167 36 wheat wheat NN 34823 167 37 have have VBP 34823 167 38 been be VBN 34823 167 39 weakened weaken VBN 34823 167 40 , , , 34823 167 41 and and CC 34823 167 42 of of IN 34823 167 43 course course NN 34823 167 44 its -PRON- PRP$ 34823 167 45 value value NN 34823 167 46 falls fall VBZ 34823 167 47 . . . 34823 168 1 " " `` 34823 168 2 Power Power NNP 34823 168 3 in in IN 34823 168 4 exchange exchange NN 34823 168 5 " " `` 34823 168 6 is be VBZ 34823 168 7 a a DT 34823 168 8 function function NN 34823 168 9 of of IN 34823 168 10 two two CD 34823 168 11 factors factor NNS 34823 168 12 , , , 34823 168 13 ( ( -LRB- 34823 168 14 1 1 LS 34823 168 15 ) ) -RRB- 34823 168 16 value value NN 34823 168 17 and and CC 34823 168 18 ( ( -LRB- 34823 168 19 2 2 LS 34823 168 20 ) ) -RRB- 34823 168 21 saleability saleability NN 34823 168 22 . . . 34823 169 1 A a DT 34823 169 2 copper copper NN 34823 169 3 cent cent NN 34823 169 4 has have VBZ 34823 169 5 high high JJ 34823 169 6 saleability saleability NN 34823 169 7 , , , 34823 169 8 with with IN 34823 169 9 little little JJ 34823 169 10 value value NN 34823 169 11 , , , 34823 169 12 while while IN 34823 169 13 land land NN 34823 169 14 has have VBZ 34823 169 15 high high JJ 34823 169 16 value value NN 34823 169 17 with with IN 34823 169 18 little little JJ 34823 169 19 saleability saleability NN 34823 169 20 . . . 34823 170 1 [ [ -LRB- 34823 170 2 8 8 LS 34823 170 3 ] ] -RRB- 34823 170 4 Some some DT 34823 170 5 things thing NNS 34823 170 6 have have VBP 34823 170 7 value value NN 34823 170 8 with with IN 34823 170 9 no no DT 34823 170 10 saleability saleability NN 34823 170 11 at at RB 34823 170 12 all all RB 34823 170 13 . . . 34823 171 1 In in IN 34823 171 2 a a DT 34823 171 3 socialistic socialistic JJ 34823 171 4 community community NN 34823 171 5 , , , 34823 171 6 where where WRB 34823 171 7 all all DT 34823 171 8 lands land NNS 34823 171 9 , , , 34823 171 10 houses house NNS 34823 171 11 , , , 34823 171 12 tools tool NNS 34823 171 13 , , , 34823 171 14 machines machine NNS 34823 171 15 , , , 34823 171 16 etc etc FW 34823 171 17 . . . 34823 171 18 , , , 34823 171 19 are be VBP 34823 171 20 owned own VBN 34823 171 21 by by IN 34823 171 22 the the DT 34823 171 23 state state NN 34823 171 24 , , , 34823 171 25 and and CC 34823 171 26 where where WRB 34823 171 27 such such JJ 34823 171 28 " " `` 34823 171 29 prices price NNS 34823 171 30 " " '' 34823 171 31 as as IN 34823 171 32 exist exist VBP 34823 171 33 are be VBP 34823 171 34 authoritatively authoritatively RB 34823 171 35 prescribed prescribe VBN 34823 171 36 , , , 34823 171 37 value value NN 34823 171 38 and and CC 34823 171 39 exchange exchange NN 34823 171 40 would would MD 34823 171 41 have have VB 34823 171 42 no no DT 34823 171 43 necessary necessary JJ 34823 171 44 connection connection NN 34823 171 45 . . . 34823 172 1 Values value NNS 34823 172 2 would would MD 34823 172 3 remain remain VB 34823 172 4 , , , 34823 172 5 however however RB 34823 172 6 , , , 34823 172 7 guiding guide VBG 34823 172 8 the the DT 34823 172 9 economic economic JJ 34823 172 10 activity activity NN 34823 172 11 of of IN 34823 172 12 the the DT 34823 172 13 socialistic socialistic JJ 34823 172 14 community community NN 34823 172 15 , , , 34823 172 16 directing direct VBG 34823 172 17 labor labor NN 34823 172 18 now now RB 34823 172 19 here here RB 34823 172 20 , , , 34823 172 21 now now RB 34823 172 22 there there RB 34823 172 23 , , , 34823 172 24 determining determine VBG 34823 172 25 the the DT 34823 172 26 employment employment NN 34823 172 27 of of IN 34823 172 28 lands land NNS 34823 172 29 now now RB 34823 172 30 in in IN 34823 172 31 this this DT 34823 172 32 sort sort NN 34823 172 33 of of IN 34823 172 34 production production NN 34823 172 35 , , , 34823 172 36 now now RB 34823 172 37 in in IN 34823 172 38 that that DT 34823 172 39 . . . 34823 173 1 Exchange exchange NN 34823 173 2 is be VBZ 34823 173 3 only only RB 34823 173 4 one one CD 34823 173 5 of of IN 34823 173 6 the the DT 34823 173 7 manifestations manifestation NNS 34823 173 8 of of IN 34823 173 9 value value NN 34823 173 10 . . . 34823 174 1 More more RBR 34823 174 2 fundamental fundamental JJ 34823 174 3 , , , 34823 174 4 and and CC 34823 174 5 more more RBR 34823 174 6 general general JJ 34823 174 7 , , , 34823 174 8 including include VBG 34823 174 9 " " `` 34823 174 10 power power NN 34823 174 11 in in IN 34823 174 12 exchange exchange NN 34823 174 13 , , , 34823 174 14 " " '' 34823 174 15 but but CC 34823 174 16 not not RB 34823 174 17 exhausted exhaust VBN 34823 174 18 by by IN 34823 174 19 it -PRON- PRP 34823 174 20 , , , 34823 174 21 is be VBZ 34823 174 22 the the DT 34823 174 23 power power NN 34823 174 24 which which WDT 34823 174 25 objects object VBZ 34823 174 26 of of IN 34823 174 27 value value NN 34823 174 28 have have VBP 34823 174 29 over over IN 34823 174 30 the the DT 34823 174 31 economic economic JJ 34823 174 32 activities activity NNS 34823 174 33 of of IN 34823 174 34 men man NNS 34823 174 35 . . . 34823 175 1 This this DT 34823 175 2 is be VBZ 34823 175 3 the the DT 34823 175 4 fundamental fundamental JJ 34823 175 5 function function NN 34823 175 6 of of IN 34823 175 7 values value NNS 34823 175 8 . . . 34823 176 1 The the DT 34823 176 2 entailed entailed JJ 34823 176 3 estate estate NN 34823 176 4 , , , 34823 176 5 which which WDT 34823 176 6 can can MD 34823 176 7 not not RB 34823 176 8 be be VB 34823 176 9 sold sell VBN 34823 176 10 , , , 34823 176 11 still still RB 34823 176 12 has have VBZ 34823 176 13 power power NN 34823 176 14 over over IN 34823 176 15 the the DT 34823 176 16 actions action NNS 34823 176 17 of of IN 34823 176 18 men man NNS 34823 176 19 . . . 34823 177 1 The the DT 34823 177 2 care care NN 34823 177 3 which which WDT 34823 177 4 is be VBZ 34823 177 5 taken take VBN 34823 177 6 of of IN 34823 177 7 it -PRON- PRP 34823 177 8 , , , 34823 177 9 the the DT 34823 177 10 amount amount NN 34823 177 11 of of IN 34823 177 12 insurance insurance NN 34823 177 13 which which WDT 34823 177 14 an an DT 34823 177 15 insurance insurance NN 34823 177 16 company company NN 34823 177 17 will will MD 34823 177 18 write write VB 34823 177 19 on on IN 34823 177 20 it -PRON- PRP 34823 177 21 , , , 34823 177 22 etc etc FW 34823 177 23 . . FW 34823 177 24 , , , 34823 177 25 are be VBP 34823 177 26 manifestations manifestation NNS 34823 177 27 and and CC 34823 177 28 measures measure NNS 34823 177 29 of of IN 34823 177 30 its -PRON- PRP$ 34823 177 31 value value NN 34823 177 32 . . . 34823 178 1 The the DT 34823 178 2 same same JJ 34823 178 3 may may MD 34823 178 4 be be VB 34823 178 5 said say VBN 34823 178 6 of of IN 34823 178 7 the the DT 34823 178 8 Capitol Capitol NNP 34823 178 9 at at IN 34823 178 10 Washington Washington NNP 34823 178 11 . . . 34823 179 1 [ [ -LRB- 34823 179 2 9 9 CD 34823 179 3 ] ] -RRB- 34823 179 4 In in IN 34823 179 5 the the DT 34823 179 6 fluid fluid JJ 34823 179 7 market market NN 34823 179 8 , , , 34823 179 9 prices price NNS 34823 179 10 correctly correctly RB 34823 179 11 express express VBP 34823 179 12 values value NNS 34823 179 13 . . . 34823 180 1 Assuming assume VBG 34823 180 2 that that IN 34823 180 3 the the DT 34823 180 4 money money NN 34823 180 5 - - HYPH 34823 180 6 unit unit NN 34823 180 7 is be VBZ 34823 180 8 fixed fix VBN 34823 180 9 in in IN 34823 180 10 value value NN 34823 180 11 , , , 34823 180 12 variations variation NNS 34823 180 13 in in IN 34823 180 14 prices price NNS 34823 180 15 in in IN 34823 180 16 the the DT 34823 180 17 fluid fluid JJ 34823 180 18 market market NN 34823 180 19 correctly correctly RB 34823 180 20 indicate indicate VBP 34823 180 21 variations variation NNS 34823 180 22 in in IN 34823 180 23 values value NNS 34823 180 24 . . . 34823 181 1 The the DT 34823 181 2 great great JJ 34823 181 3 bulk bulk NN 34823 181 4 of of IN 34823 181 5 our -PRON- PRP$ 34823 181 6 economic economic JJ 34823 181 7 theory theory NN 34823 181 8 , , , 34823 181 9 the the DT 34823 181 10 laws law NNS 34823 181 11 of of IN 34823 181 12 supply supply NN 34823 181 13 and and CC 34823 181 14 demand demand NN 34823 181 15 , , , 34823 181 16 cost cost NN 34823 181 17 of of IN 34823 181 18 production production NN 34823 181 19 , , , 34823 181 20 the the DT 34823 181 21 capitalization capitalization NN 34823 181 22 theory theory NN 34823 181 23 , , , 34823 181 24 etc etc FW 34823 181 25 . . . 34823 181 26 , , , 34823 181 27 do do VBP 34823 181 28 assume assume VB 34823 181 29 the the DT 34823 181 30 fluid fluid JJ 34823 181 31 market market NN 34823 181 32 , , , 34823 181 33 and and CC 34823 181 34 a a DT 34823 181 35 fixed fix VBN 34823 181 36 value value NN 34823 181 37 of of IN 34823 181 38 the the DT 34823 181 39 dollar dollar NN 34823 181 40 . . . 34823 182 1 [ [ -LRB- 34823 182 2 10 10 CD 34823 182 3 ] ] -RRB- 34823 182 4 Our -PRON- PRP$ 34823 182 5 economic economic JJ 34823 182 6 theory theory NN 34823 182 7 is be VBZ 34823 182 8 static static JJ 34823 182 9 theory theory NN 34823 182 10 , , , 34823 182 11 in in IN 34823 182 12 general general JJ 34823 182 13 , , , 34823 182 14 and and CC 34823 182 15 abstracts abstract NNS 34823 182 16 from from IN 34823 182 17 the the DT 34823 182 18 time time NN 34823 182 19 factor factor NN 34823 182 20 and and CC 34823 182 21 from from IN 34823 182 22 " " `` 34823 182 23 friction friction NN 34823 182 24 . . . 34823 182 25 " " '' 34823 183 1 In in IN 34823 183 2 fact fact NN 34823 183 3 , , , 34823 183 4 values value NNS 34823 183 5 change change VBP 34823 183 6 first first RB 34823 183 7 , , , 34823 183 8 and and CC 34823 183 9 then then RB 34823 183 10 , , , 34823 183 11 more more RBR 34823 183 12 or or CC 34823 183 13 less less RBR 34823 183 14 rapidly rapidly RB 34823 183 15 , , , 34823 183 16 and and CC 34823 183 17 more more RBR 34823 183 18 or or CC 34823 183 19 less less RBR 34823 183 20 completely completely RB 34823 183 21 , , , 34823 183 22 prices price NNS 34823 183 23 respond respond VBP 34823 183 24 . . . 34823 184 1 In in IN 34823 184 2 the the DT 34823 184 3 active active JJ 34823 184 4 wholesale wholesale JJ 34823 184 5 and and CC 34823 184 6 speculative speculative JJ 34823 184 7 markets market NNS 34823 184 8 , , , 34823 184 9 where where WRB 34823 184 10 the the DT 34823 184 11 overwhelming overwhelming JJ 34823 184 12 bulk bulk NN 34823 184 13 of of IN 34823 184 14 exchanging exchange VBG 34823 184 15 takes take VBZ 34823 184 16 place place NN 34823 184 17 , , , 34823 184 18 the the DT 34823 184 19 prices price NNS 34823 184 20 respond respond VBP 34823 184 21 quickly quickly RB 34823 184 22 . . . 34823 185 1 Static static JJ 34823 185 2 theory theory NN 34823 185 3 is be VBZ 34823 185 4 thus thus RB 34823 185 5 adequate adequate JJ 34823 185 6 for for IN 34823 185 7 the the DT 34823 185 8 explanation explanation NN 34823 185 9 of of IN 34823 185 10 these these DT 34823 185 11 prices price NNS 34823 185 12 , , , 34823 185 13 for for IN 34823 185 14 most most JJS 34823 185 15 practical practical JJ 34823 185 16 purposes purpose NNS 34823 185 17 , , , 34823 185 18 so so RB 34823 185 19 long long RB 34823 185 20 as as IN 34823 185 21 the the DT 34823 185 22 changes change NNS 34823 185 23 in in IN 34823 185 24 prices price NNS 34823 185 25 are be VBP 34823 185 26 due due JJ 34823 185 27 to to IN 34823 185 28 changing change VBG 34823 185 29 values value NNS 34823 185 30 of of IN 34823 185 31 goods good NNS 34823 185 32 , , , 34823 185 33 rather rather RB 34823 185 34 than than IN 34823 185 35 to to IN 34823 185 36 changing change VBG 34823 185 37 value value NN 34823 185 38 of of IN 34823 185 39 the the DT 34823 185 40 money money NN 34823 185 41 - - HYPH 34823 185 42 unit unit NN 34823 185 43 . . . 34823 186 1 Moreover moreover RB 34823 186 2 , , , 34823 186 3 the the DT 34823 186 4 distinction distinction NN 34823 186 5 between between IN 34823 186 6 value value NN 34823 186 7 and and CC 34823 186 8 price price NN 34823 186 9 is be VBZ 34823 186 10 , , , 34823 186 11 in in IN 34823 186 12 a a DT 34823 186 13 fluid fluid JJ 34823 186 14 market market NN 34823 186 15 , , , 34823 186 16 where where WRB 34823 186 17 the the DT 34823 186 18 value value NN 34823 186 19 of of IN 34823 186 20 money money NN 34823 186 21 is be VBZ 34823 186 22 changing change VBG 34823 186 23 slowly slowly RB 34823 186 24 , , , 34823 186 25 often often RB 34823 186 26 not not RB 34823 186 27 important important JJ 34823 186 28 . . . 34823 187 1 In in IN 34823 187 2 the the DT 34823 187 3 assumption assumption NN 34823 187 4 of of IN 34823 187 5 money money NN 34823 187 6 , , , 34823 187 7 and and CC 34823 187 8 of of IN 34823 187 9 a a DT 34823 187 10 fixed fix VBN 34823 187 11 value value NN 34823 187 12 of of IN 34823 187 13 money money NN 34823 187 14 , , , 34823 187 15 the the DT 34823 187 16 absolute absolute JJ 34823 187 17 value value NN 34823 187 18 concept concept NN 34823 187 19 is be VBZ 34823 187 20 already already RB 34823 187 21 assumed assume VBN 34823 187 22 . . . 34823 188 1 No no DT 34823 188 2 harm harm NN 34823 188 3 is be VBZ 34823 188 4 done do VBN 34823 188 5 , , , 34823 188 6 however however RB 34823 188 7 , , , 34823 188 8 if if IN 34823 188 9 the the DT 34823 188 10 economist economist NN 34823 188 11 does do VBZ 34823 188 12 not not RB 34823 188 13 explicitly explicitly RB 34823 188 14 refer refer VB 34823 188 15 to to IN 34823 188 16 this this DT 34823 188 17 , , , 34823 188 18 but but CC 34823 188 19 goes go VBZ 34823 188 20 on on RP 34823 188 21 merely merely RB 34823 188 22 talking talk VBG 34823 188 23 about about IN 34823 188 24 money money NN 34823 188 25 - - HYPH 34823 188 26 prices price NNS 34823 188 27 . . . 34823 189 1 Very very RB 34823 189 2 many many JJ 34823 189 3 economic economic JJ 34823 189 4 problems problem NNS 34823 189 5 indeed indeed RB 34823 189 6 may may MD 34823 189 7 be be VB 34823 189 8 solved solve VBN 34823 189 9 that that DT 34823 189 10 way way NN 34823 189 11 . . . 34823 190 1 This this DT 34823 190 2 is be VBZ 34823 190 3 why why WRB 34823 190 4 the the DT 34823 190 5 inadequate inadequate JJ 34823 190 6 character character NN 34823 190 7 of of IN 34823 190 8 the the DT 34823 190 9 conceptions conception NNS 34823 190 10 of of IN 34823 190 11 value value NN 34823 190 12 as as IN 34823 190 13 " " `` 34823 190 14 ratio ratio NN 34823 190 15 of of IN 34823 190 16 exchange exchange NN 34823 190 17 " " '' 34823 190 18 or or CC 34823 190 19 " " `` 34823 190 20 purchasing purchasing NN 34823 190 21 power power NN 34823 190 22 " " '' 34823 190 23 has have VBZ 34823 190 24 not not RB 34823 190 25 prevented prevent VBN 34823 190 26 these these DT 34823 190 27 notions notion NNS 34823 190 28 from from IN 34823 190 29 being be VBG 34823 190 30 serviceable serviceable JJ 34823 190 31 tools tool NNS 34823 190 32 in in IN 34823 190 33 the the DT 34823 190 34 hands hand NNS 34823 190 35 of of IN 34823 190 36 many many JJ 34823 190 37 writers writer NNS 34823 190 38 . . . 34823 191 1 But but CC 34823 191 2 there there EX 34823 191 3 are be VBP 34823 191 4 many many JJ 34823 191 5 problems problem NNS 34823 191 6 for for IN 34823 191 7 which which WDT 34823 191 8 these these DT 34823 191 9 conceptions conception NNS 34823 191 10 are be VBP 34823 191 11 not not RB 34823 191 12 adequate adequate JJ 34823 191 13 , , , 34823 191 14 because because IN 34823 191 15 the the DT 34823 191 16 implicit implicit JJ 34823 191 17 assumption assumption NN 34823 191 18 of of IN 34823 191 19 a a DT 34823 191 20 fixed fix VBN 34823 191 21 value value NN 34823 191 22 of of IN 34823 191 23 money money NN 34823 191 24 can can MD 34823 191 25 not not RB 34823 191 26 be be VB 34823 191 27 made make VBN 34823 191 28 . . . 34823 192 1 Among among IN 34823 192 2 these these DT 34823 192 3 problems problem NNS 34823 192 4 is be VBZ 34823 192 5 the the DT 34823 192 6 problem problem NN 34823 192 7 of of IN 34823 192 8 the the DT 34823 192 9 value value NN 34823 192 10 of of IN 34823 192 11 money money NN 34823 192 12 itself -PRON- PRP 34823 192 13 , , , 34823 192 14 which which WDT 34823 192 15 constitutes constitute VBZ 34823 192 16 the the DT 34823 192 17 subject subject NN 34823 192 18 of of IN 34823 192 19 this this DT 34823 192 20 book book NN 34823 192 21 . . . 34823 193 1 For for IN 34823 193 2 that that DT 34823 193 3 problem problem NN 34823 193 4 , , , 34823 193 5 an an DT 34823 193 6 absolute absolute JJ 34823 193 7 value value NN 34823 193 8 concept concept NN 34823 193 9 is be VBZ 34823 193 10 vital vital JJ 34823 193 11 . . . 34823 194 1 If if IN 34823 194 2 , , , 34823 194 3 in in IN 34823 194 4 our -PRON- PRP$ 34823 194 5 diagram diagram NN 34823 194 6 above above RB 34823 194 7 , , , 34823 194 8 we -PRON- PRP 34823 194 9 substitute substitute VBP 34823 194 10 for for IN 34823 194 11 " " `` 34823 194 12 social social JJ 34823 194 13 mind mind NN 34823 194 14 " " '' 34823 194 15 the the DT 34823 194 16 more more RBR 34823 194 17 general general JJ 34823 194 18 expression expression NN 34823 194 19 , , , 34823 194 20 " " '' 34823 194 21 human human JJ 34823 194 22 factor factor NN 34823 194 23 , , , 34823 194 24 " " `` 34823 194 25 we -PRON- PRP 34823 194 26 should should MD 34823 194 27 find find VB 34823 194 28 that that IN 34823 194 29 our -PRON- PRP$ 34823 194 30 value value NN 34823 194 31 concept concept NN 34823 194 32 is be VBZ 34823 194 33 the the DT 34823 194 34 common common JJ 34823 194 35 property property NN 34823 194 36 of of IN 34823 194 37 many many JJ 34823 194 38 writers writer NNS 34823 194 39 . . . 34823 195 1 We -PRON- PRP 34823 195 2 should should MD 34823 195 3 find find VB 34823 195 4 it -PRON- PRP 34823 195 5 fitting fitting JJ 34823 195 6 in in RB 34823 195 7 with with IN 34823 195 8 the the DT 34823 195 9 absolute absolute JJ 34823 195 10 value value NN 34823 195 11 notion notion NN 34823 195 12 of of IN 34823 195 13 Adam Adam NNP 34823 195 14 Smith Smith NNP 34823 195 15 and and CC 34823 195 16 of of IN 34823 195 17 Ricardo Ricardo NNP 34823 195 18 . . . 34823 196 1 [ [ -LRB- 34823 196 2 11 11 CD 34823 196 3 ] ] -RRB- 34823 196 4 The the DT 34823 196 5 " " `` 34823 196 6 human human JJ 34823 196 7 factor factor NN 34823 196 8 " " '' 34823 196 9 which which WDT 34823 196 10 _ _ NNP 34823 196 11 explains explain VBZ 34823 196 12 _ _ NNP 34823 196 13 the the DT 34823 196 14 absolute absolute JJ 34823 196 15 value value NN 34823 196 16 is be VBZ 34823 196 17 , , , 34823 196 18 for for IN 34823 196 19 them -PRON- PRP 34823 196 20 , , , 34823 196 21 labor labor NN 34823 196 22 . . . 34823 197 1 We -PRON- PRP 34823 197 2 should should MD 34823 197 3 find find VB 34823 197 4 it -PRON- PRP 34823 197 5 fitting fitting JJ 34823 197 6 in in RB 34823 197 7 with with IN 34823 197 8 the the DT 34823 197 9 " " `` 34823 197 10 socially socially RB 34823 197 11 necessary necessary JJ 34823 197 12 labor labor NN 34823 197 13 time time NN 34823 197 14 " " '' 34823 197 15 of of IN 34823 197 16 Marx Marx NNP 34823 197 17 : : : 34823 197 18 the the DT 34823 197 19 value value NN 34823 197 20 of of IN 34823 197 21 a a DT 34823 197 22 bushel bushel NN 34823 197 23 of of IN 34823 197 24 wheat wheat NN 34823 197 25 is be VBZ 34823 197 26 the the DT 34823 197 27 amount amount NN 34823 197 28 of of IN 34823 197 29 labor labor NN 34823 197 30 time time NN 34823 197 31 which which WDT 34823 197 32 , , , 34823 197 33 on on IN 34823 197 34 the the DT 34823 197 35 _ _ NNP 34823 197 36 average average JJ 34823 197 37 _ _ NNP 34823 197 38 , , , 34823 197 39 is be VBZ 34823 197 40 required require VBN 34823 197 41 to to TO 34823 197 42 produce produce VB 34823 197 43 a a DT 34823 197 44 bushel bushel NN 34823 197 45 of of IN 34823 197 46 wheat wheat NN 34823 197 47 . . . 34823 198 1 It -PRON- PRP 34823 198 2 is be VBZ 34823 198 3 an an DT 34823 198 4 absolute absolute JJ 34823 198 5 value value NN 34823 198 6 . . . 34823 199 1 It -PRON- PRP 34823 199 2 is be VBZ 34823 199 3 a a DT 34823 199 4 causal causal JJ 34823 199 5 coefficient coefficient NN 34823 199 6 with with IN 34823 199 7 the the DT 34823 199 8 absolute absolute JJ 34823 199 9 value value NN 34823 199 10 , , , 34823 199 11 similarly similarly RB 34823 199 12 explained explain VBN 34823 199 13 , , , 34823 199 14 of of IN 34823 199 15 the the DT 34823 199 16 bushel bushel NN 34823 199 17 of of IN 34823 199 18 corn corn NN 34823 199 19 , , , 34823 199 20 in in IN 34823 199 21 explaining explain VBG 34823 199 22 the the DT 34823 199 23 wheat wheat NN 34823 199 24 - - HYPH 34823 199 25 price price NN 34823 199 26 of of IN 34823 199 27 corn corn NN 34823 199 28 . . . 34823 200 1 Our -PRON- PRP$ 34823 200 2 concept concept NN 34823 200 3 will will MD 34823 200 4 fit fit VB 34823 200 5 in in RB 34823 200 6 exactly exactly RB 34823 200 7 with with IN 34823 200 8 the the DT 34823 200 9 " " `` 34823 200 10 social social JJ 34823 200 11 use use NN 34823 200 12 - - HYPH 34823 200 13 value value NN 34823 200 14 " " '' 34823 200 15 of of IN 34823 200 16 Carl Carl NNP 34823 200 17 Knies Knies NNP 34823 200 18 , , , 34823 200 19 according accord VBG 34823 200 20 to to IN 34823 200 21 whom whom WP 34823 200 22 the the DT 34823 200 23 economic economic JJ 34823 200 24 value value NN 34823 200 25 of of IN 34823 200 26 a a DT 34823 200 27 good good NN 34823 200 28 in in IN 34823 200 29 society society NN 34823 200 30 is be VBZ 34823 200 31 an an DT 34823 200 32 _ _ NNP 34823 200 33 average average JJ 34823 200 34 _ _ NNP 34823 200 35 of of IN 34823 200 36 its -PRON- PRP$ 34823 200 37 varying vary VBG 34823 200 38 use use NN 34823 200 39 - - HYPH 34823 200 40 values value NNS 34823 200 41 to to IN 34823 200 42 different different JJ 34823 200 43 individuals individual NNS 34823 200 44 in in IN 34823 200 45 the the DT 34823 200 46 market market NN 34823 200 47 . . . 34823 201 1 This this DT 34823 201 2 average average NN 34823 201 3 is be VBZ 34823 201 4 an an DT 34823 201 5 absolute absolute JJ 34823 201 6 quantity quantity NN 34823 201 7 . . . 34823 202 1 The the DT 34823 202 2 absolute absolute JJ 34823 202 3 values value NNS 34823 202 4 of of IN 34823 202 5 units unit NNS 34823 202 6 of of IN 34823 202 7 two two CD 34823 202 8 goods good NNS 34823 202 9 , , , 34823 202 10 thus thus RB 34823 202 11 explained explain VBN 34823 202 12 , , , 34823 202 13 causally causally RB 34823 202 14 fix fix VB 34823 202 15 the the DT 34823 202 16 exchange exchange NN 34823 202 17 ratio ratio NN 34823 202 18 between between IN 34823 202 19 the the DT 34823 202 20 goods good NNS 34823 202 21 . . . 34823 203 1 Knies knie NNS 34823 203 2 ' ' POS 34823 203 3 value value NN 34823 203 4 - - HYPH 34823 203 5 theory theory NN 34823 203 6 , , , 34823 203 7 it -PRON- PRP 34823 203 8 may may MD 34823 203 9 be be VB 34823 203 10 noticed notice VBN 34823 203 11 , , , 34823 203 12 is be VBZ 34823 203 13 explicitly explicitly RB 34823 203 14 modeled model VBN 34823 203 15 on on IN 34823 203 16 that that DT 34823 203 17 of of IN 34823 203 18 Marx Marx NNP 34823 203 19 , , , 34823 203 20 to to IN 34823 203 21 whom whom WP 34823 203 22 he -PRON- PRP 34823 203 23 refers refer VBZ 34823 203 24 , , , 34823 203 25 the the DT 34823 203 26 difference difference NN 34823 203 27 being be VBG 34823 203 28 that that IN 34823 203 29 Knies Knies NNPS 34823 203 30 takes take VBZ 34823 203 31 an an DT 34823 203 32 average average NN 34823 203 33 of of IN 34823 203 34 individual individual JJ 34823 203 35 use use NN 34823 203 36 - - HYPH 34823 203 37 values value NNS 34823 203 38 , , , 34823 203 39 while while IN 34823 203 40 Marx Marx NNP 34823 203 41 takes take VBZ 34823 203 42 an an DT 34823 203 43 average average NN 34823 203 44 of of IN 34823 203 45 individual individual JJ 34823 203 46 labor labor NN 34823 203 47 - - HYPH 34823 203 48 times time NNS 34823 203 49 , , , 34823 203 50 as as IN 34823 203 51 the the DT 34823 203 52 causal causal JJ 34823 203 53 explanation explanation NN 34823 203 54 . . . 34823 204 1 [ [ -LRB- 34823 204 2 12 12 CD 34823 204 3 ] ] -RRB- 34823 204 4 Our -PRON- PRP$ 34823 204 5 value value NN 34823 204 6 concept concept NN 34823 204 7 will will MD 34823 204 8 fit fit VB 34823 204 9 perfectly perfectly RB 34823 204 10 with with IN 34823 204 11 Professor Professor NNP 34823 204 12 J. J. NNP 34823 205 1 B. B. NNP 34823 205 2 Clark Clark NNP 34823 205 3 's 's POS 34823 205 4 " " `` 34823 205 5 social social JJ 34823 205 6 marginal marginal JJ 34823 205 7 utility utility NN 34823 205 8 " " '' 34823 205 9 theory theory NN 34823 205 10 of of IN 34823 205 11 value value NN 34823 205 12 . . . 34823 206 1 Indeed indeed RB 34823 206 2 , , , 34823 206 3 the the DT 34823 206 4 present present JJ 34823 206 5 writer writer NN 34823 206 6 gratefully gratefully RB 34823 206 7 acknowledges acknowledge VBZ 34823 206 8 that that IN 34823 206 9 the the DT 34823 206 10 concept concept NN 34823 206 11 is be VBZ 34823 206 12 Professor Professor NNP 34823 206 13 Clark Clark NNP 34823 206 14 's 's POS 34823 206 15 rather rather RB 34823 206 16 than than IN 34823 206 17 his -PRON- PRP$ 34823 206 18 own own JJ 34823 206 19 , , , 34823 206 20 and and CC 34823 206 21 that that IN 34823 206 22 all all DT 34823 206 23 that that WDT 34823 206 24 is be VBZ 34823 206 25 necessary necessary JJ 34823 206 26 for for IN 34823 206 27 its -PRON- PRP$ 34823 206 28 explanation explanation NN 34823 206 29 has have VBZ 34823 206 30 been be VBN 34823 206 31 set set VBN 34823 206 32 forth forth RP 34823 206 33 by by IN 34823 206 34 Professor Professor NNP 34823 206 35 Clark Clark NNP 34823 206 36 . . . 34823 207 1 [ [ -LRB- 34823 207 2 13 13 CD 34823 207 3 ] ] -RRB- 34823 207 4 Professor Professor NNP 34823 207 5 Clark Clark NNP 34823 207 6 's 's POS 34823 207 7 _ _ NNP 34823 207 8 causal causal NN 34823 207 9 _ _ NNP 34823 207 10 theory theory NN 34823 207 11 of of IN 34823 207 12 value value NN 34823 207 13 , , , 34823 207 14 his -PRON- PRP$ 34823 207 15 explanation explanation NN 34823 207 16 of of IN 34823 207 17 this this DT 34823 207 18 absolute absolute JJ 34823 207 19 quantity quantity NN 34823 207 20 of of IN 34823 207 21 value value NN 34823 207 22 as as IN 34823 207 23 a a DT 34823 207 24 _ _ NNP 34823 207 25 sum sum NN 34823 207 26 _ _ NNP 34823 207 27 of of IN 34823 207 28 individual individual JJ 34823 207 29 marginal marginal JJ 34823 207 30 utilities utility NNS 34823 207 31 , , , 34823 207 32 we -PRON- PRP 34823 207 33 have have VBP 34823 207 34 elsewhere[14 elsewhere[14 NN 34823 207 35 ] ] -RRB- 34823 207 36 criticised criticise VBN 34823 207 37 as as IN 34823 207 38 involving involve VBG 34823 207 39 circular circular JJ 34823 207 40 reasoning reasoning NN 34823 207 41 , , , 34823 207 42 like like IN 34823 207 43 all all DT 34823 207 44 marginal marginal JJ 34823 207 45 utility utility NN 34823 207 46 theories theory NNS 34823 207 47 , , , 34823 207 48 in in IN 34823 207 49 so so RB 34823 207 50 far far RB 34823 207 51 as as IN 34823 207 52 they -PRON- PRP 34823 207 53 offer offer VBP 34823 207 54 causal causal JJ 34823 207 55 explanations explanation NNS 34823 207 56 . . . 34823 208 1 But but CC 34823 208 2 his -PRON- PRP$ 34823 208 3 statement statement NN 34823 208 4 of of IN 34823 208 5 the the DT 34823 208 6 logical logical JJ 34823 208 7 character character NN 34823 208 8 of of IN 34823 208 9 value value NN 34823 208 10 , , , 34823 208 11 of of IN 34823 208 12 the the DT 34823 208 13 relation relation NN 34823 208 14 of of IN 34823 208 15 value value NN 34823 208 16 to to IN 34823 208 17 wealth wealth NN 34823 208 18 , , , 34823 208 19 of of IN 34823 208 20 value value NN 34823 208 21 to to IN 34823 208 22 price price NN 34823 208 23 , , , 34823 208 24 of of IN 34823 208 25 value value NN 34823 208 26 to to TO 34823 208 27 exchange exchange VB 34823 208 28 , , , 34823 208 29 of of IN 34823 208 30 the the DT 34823 208 31 functions function NNS 34823 208 32 of of IN 34823 208 33 the the DT 34823 208 34 value value NN 34823 208 35 concept concept NN 34823 208 36 in in IN 34823 208 37 economic economic JJ 34823 208 38 theory theory NN 34823 208 39 , , , 34823 208 40 and and CC 34823 208 41 of of IN 34823 208 42 the the DT 34823 208 43 functions function NNS 34823 208 44 of of IN 34823 208 45 value value NN 34823 208 46 in in IN 34823 208 47 economic economic JJ 34823 208 48 life,--Clark life,--Clark NNP 34823 208 49 's 's POS 34823 208 50 doctrines doctrine NNS 34823 208 51 on on IN 34823 208 52 these these DT 34823 208 53 points point NNS 34823 208 54 we -PRON- PRP 34823 208 55 have have VBP 34823 208 56 accepted accept VBN 34823 208 57 bodily bodily RB 34823 208 58 , , , 34823 208 59 and and CC 34823 208 60 in in IN 34823 208 61 so so RB 34823 208 62 far far RB 34823 208 63 as as IN 34823 208 64 the the DT 34823 208 65 present present JJ 34823 208 66 writer writer NN 34823 208 67 has have VBZ 34823 208 68 added add VBN 34823 208 69 anything anything NN 34823 208 70 to to IN 34823 208 71 them -PRON- PRP 34823 208 72 it -PRON- PRP 34823 208 73 has have VBZ 34823 208 74 been be VBN 34823 208 75 by by IN 34823 208 76 way way NN 34823 208 77 of of IN 34823 208 78 elaboration elaboration NN 34823 208 79 and and CC 34823 208 80 defence defence NN 34823 208 81 . . . 34823 209 1 The the DT 34823 209 2 concept concept NN 34823 209 3 of of IN 34823 209 4 value value NN 34823 209 5 here here RB 34823 209 6 developed develop VBN 34823 209 7 is be VBZ 34823 209 8 explicitly explicitly RB 34823 209 9 adopted adopt VBN 34823 209 10 by by IN 34823 209 11 T. T. NNP 34823 209 12 S. S. NNP 34823 209 13 Adams Adams NNP 34823 209 14 , , , 34823 209 15 David David NNP 34823 209 16 Kinley Kinley NNP 34823 209 17 , , , 34823 209 18 W. W. NNP 34823 209 19 A. a. NN 34823 209 20 Scott Scott NNP 34823 209 21 , , , 34823 209 22 W. W. NNP 34823 209 23 G. G. NNP 34823 209 24 L. L. NNP 34823 209 25 Taylor Taylor NNP 34823 209 26 , , , 34823 209 27 L. L. NNP 34823 209 28 S. S. NNP 34823 209 29 Merriam Merriam NNP 34823 209 30 , , , 34823 209 31 and and CC 34823 209 32 A. A. NNP 34823 209 33 S. S. NNP 34823 209 34 Johnson Johnson NNP 34823 209 35 , , , 34823 209 36 among among IN 34823 209 37 American american JJ 34823 209 38 writers writer NNS 34823 209 39 , , , 34823 209 40 to to TO 34823 209 41 name name VB 34823 209 42 no no DT 34823 209 43 others other NNS 34823 209 44 . . . 34823 210 1 All all DT 34823 210 2 of of IN 34823 210 3 these these DT 34823 210 4 writers writer NNS 34823 210 5 would would MD 34823 210 6 concur concur VB 34823 210 7 in in IN 34823 210 8 the the DT 34823 210 9 formal formal JJ 34823 210 10 and and CC 34823 210 11 logical logical JJ 34823 210 12 considerations[15 considerations[15 NN 34823 210 13 ] ] -RRB- 34823 210 14 as as IN 34823 210 15 to to IN 34823 210 16 the the DT 34823 210 17 nature nature NN 34823 210 18 of of IN 34823 210 19 value value NN 34823 210 20 here here RB 34823 210 21 presented present VBN 34823 210 22 , , , 34823 210 23 whatever whatever WDT 34823 210 24 differences difference NNS 34823 210 25 might may MD 34823 210 26 appear appear VB 34823 210 27 among among IN 34823 210 28 them -PRON- PRP 34823 210 29 as as IN 34823 210 30 to to IN 34823 210 31 the the DT 34823 210 32 causal causal JJ 34823 210 33 explanation explanation NN 34823 210 34 of of IN 34823 210 35 value value NN 34823 210 36 . . . 34823 211 1 The the DT 34823 211 2 value value NN 34823 211 3 concept concept NN 34823 211 4 here here RB 34823 211 5 presented present VBD 34823 211 6 performs perform VBZ 34823 211 7 the the DT 34823 211 8 same same JJ 34823 211 9 logical logical JJ 34823 211 10 functions function NNS 34823 211 11 as as IN 34823 211 12 the the DT 34823 211 13 " " `` 34823 211 14 inner inner JJ 34823 211 15 objective objective JJ 34823 211 16 value value NN 34823 211 17 " " '' 34823 211 18 of of IN 34823 211 19 Karl Karl NNP 34823 211 20 Menger Menger NNP 34823 211 21 , , , 34823 211 22 Ludwig Ludwig NNP 34823 211 23 von von NNP 34823 211 24 Mises Mises NNP 34823 211 25 , , , 34823 211 26 and and CC 34823 211 27 Karl Karl NNP 34823 211 28 Helfferich Helfferich NNP 34823 211 29 , , , 34823 211 30 discussed discuss VBN 34823 211 31 in in IN 34823 211 32 our -PRON- PRP$ 34823 211 33 chapter chapter NN 34823 211 34 on on IN 34823 211 35 " " `` 34823 211 36 Marginal Marginal NNP 34823 211 37 Utility Utility NNP 34823 211 38 , , , 34823 211 39 " " '' 34823 211 40 below below RB 34823 211 41 , , , 34823 211 42 and and CC 34823 211 43 is be VBZ 34823 211 44 , , , 34823 211 45 in in IN 34823 211 46 its -PRON- PRP$ 34823 211 47 formal formal JJ 34823 211 48 and and CC 34823 211 49 logical logical JJ 34823 211 50 aspects aspect NNS 34823 211 51 , , , 34823 211 52 to to TO 34823 211 53 be be VB 34823 211 54 identified identify VBN 34823 211 55 with with IN 34823 211 56 that that DT 34823 211 57 notion notion NN 34823 211 58 . . . 34823 212 1 It -PRON- PRP 34823 212 2 is be VBZ 34823 212 3 essentially essentially RB 34823 212 4 like like IN 34823 212 5 Wieser Wieser NNP 34823 212 6 's 's POS 34823 212 7 " " `` 34823 212 8 public public JJ 34823 212 9 economic economic JJ 34823 212 10 value value NN 34823 212 11 , , , 34823 212 12 " " '' 34823 212 13 discussed discuss VBN 34823 212 14 in in IN 34823 212 15 the the DT 34823 212 16 same same JJ 34823 212 17 chapter chapter NN 34823 212 18 . . . 34823 213 1 [ [ -LRB- 34823 213 2 16 16 CD 34823 213 3 ] ] -RRB- 34823 213 4 That that IN 34823 213 5 there there EX 34823 213 6 should should MD 34823 213 7 remain remain VB 34823 213 8 critics[17 critics[17 NNP 34823 213 9 ] ] -RRB- 34823 213 10 who who WP 34823 213 11 consider consider VBP 34823 213 12 the the DT 34823 213 13 present present JJ 34823 213 14 writer writer NN 34823 213 15 a a DT 34823 213 16 daring dare VBG 34823 213 17 innovator innovator NN 34823 213 18 , , , 34823 213 19 who who WP 34823 213 20 is be VBZ 34823 213 21 thrusting thrust VBG 34823 213 22 a a DT 34823 213 23 personal personal JJ 34823 213 24 idiosyncracy idiosyncracy NN 34823 213 25 in in IN 34823 213 26 terminology terminology NN 34823 213 27 upon upon IN 34823 213 28 economic economic JJ 34823 213 29 theory theory NN 34823 213 30 , , , 34823 213 31 is be VBZ 34823 213 32 striking strike VBG 34823 213 33 evidence evidence NN 34823 213 34 that that IN 34823 213 35 men man NNS 34823 213 36 often often RB 34823 213 37 talk talk VBP 34823 213 38 about about IN 34823 213 39 books book NNS 34823 213 40 which which WDT 34823 213 41 they -PRON- PRP 34823 213 42 have have VBP 34823 213 43 not not RB 34823 213 44 read read VBN 34823 213 45 ! ! . 34823 214 1 The the DT 34823 214 2 reader reader NN 34823 214 3 who who WP 34823 214 4 accepts accept VBZ 34823 214 5 , , , 34823 214 6 provisionally provisionally RB 34823 214 7 , , , 34823 214 8 the the DT 34823 214 9 doctrine doctrine NN 34823 214 10 so so RB 34823 214 11 far far RB 34823 214 12 presented present VBN 34823 214 13 , , , 34823 214 14 as as IN 34823 214 15 a a DT 34823 214 16 tool tool NN 34823 214 17 of of IN 34823 214 18 thought thought NN 34823 214 19 which which WDT 34823 214 20 will will MD 34823 214 21 aid aid VB 34823 214 22 us -PRON- PRP 34823 214 23 in in IN 34823 214 24 the the DT 34823 214 25 further further JJ 34823 214 26 progress progress NN 34823 214 27 of of IN 34823 214 28 the the DT 34823 214 29 argument argument NN 34823 214 30 , , , 34823 214 31 may may MD 34823 214 32 do do VB 34823 214 33 so so RB 34823 214 34 with with IN 34823 214 35 the the DT 34823 214 36 full full JJ 34823 214 37 assurance assurance NN 34823 214 38 that that IN 34823 214 39 he -PRON- PRP 34823 214 40 is be VBZ 34823 214 41 accepting accept VBG 34823 214 42 a a DT 34823 214 43 tried try VBN 34823 214 44 and and CC 34823 214 45 tested test VBN 34823 214 46 concept concept NN 34823 214 47 , , , 34823 214 48 which which WDT 34823 214 49 has have VBZ 34823 214 50 seemed seem VBN 34823 214 51 necessary necessary JJ 34823 214 52 to to IN 34823 214 53 very very RB 34823 214 54 many many JJ 34823 214 55 indeed indeed RB 34823 214 56 of of IN 34823 214 57 the the DT 34823 214 58 great great JJ 34823 214 59 masters master NNS 34823 214 60 of of IN 34823 214 61 the the DT 34823 214 62 science science NN 34823 214 63 . . . 34823 215 1 [ [ -LRB- 34823 215 2 18 18 CD 34823 215 3 ] ] -RRB- 34823 215 4 So so RB 34823 215 5 far far RB 34823 215 6 , , , 34823 215 7 the the DT 34823 215 8 writer writer NN 34823 215 9 feels feel VBZ 34823 215 10 himself -PRON- PRP 34823 215 11 in in IN 34823 215 12 accord accord NN 34823 215 13 with with IN 34823 215 14 the the DT 34823 215 15 main main JJ 34823 215 16 current current NN 34823 215 17 of of IN 34823 215 18 economic economic JJ 34823 215 19 thought thought NN 34823 215 20 . . . 34823 216 1 When when WRB 34823 216 2 we -PRON- PRP 34823 216 3 come come VBP 34823 216 4 to to IN 34823 216 5 a a DT 34823 216 6 causal causal JJ 34823 216 7 explanation explanation NN 34823 216 8 of of IN 34823 216 9 the the DT 34823 216 10 value value NN 34823 216 11 quantity quantity NN 34823 216 12 , , , 34823 216 13 however however RB 34823 216 14 , , , 34823 216 15 earlier early JJR 34823 216 16 theories theory NNS 34823 216 17 appear appear VBP 34823 216 18 unsatisfactory unsatisfactory JJ 34823 216 19 . . . 34823 217 1 The the DT 34823 217 2 labor labor NN 34823 217 3 theory theory NN 34823 217 4 of of IN 34823 217 5 value value NN 34823 217 6 has have VBZ 34823 217 7 long long RB 34823 217 8 since since IN 34823 217 9 broken break VBN 34823 217 10 down down RP 34823 217 11 , , , 34823 217 12 and and CC 34823 217 13 has have VBZ 34823 217 14 been be VBN 34823 217 15 generally generally RB 34823 217 16 abandoned abandon VBN 34823 217 17 . . . 34823 218 1 The the DT 34823 218 2 reasons reason NNS 34823 218 3 for for IN 34823 218 4 this this DT 34823 218 5 will will MD 34823 218 6 appear appear VB 34823 218 7 in in IN 34823 218 8 the the DT 34823 218 9 chapter chapter NN 34823 218 10 on on IN 34823 218 11 " " `` 34823 218 12 Cost cost NN 34823 218 13 of of IN 34823 218 14 Production production NN 34823 218 15 . . . 34823 218 16 " " '' 34823 219 1 The the DT 34823 219 2 effort effort NN 34823 219 3 to to TO 34823 219 4 explain explain VB 34823 219 5 value value NN 34823 219 6 by by IN 34823 219 7 marginal marginal JJ 34823 219 8 utility utility NN 34823 219 9 , , , 34823 219 10 by by IN 34823 219 11 the the DT 34823 219 12 satisfactions satisfaction NNS 34823 219 13 which which WDT 34823 219 14 individuals individual NNS 34823 219 15 derive derive VBP 34823 219 16 from from IN 34823 219 17 the the DT 34823 219 18 last last JJ 34823 219 19 increment increment NN 34823 219 20 consumed consume VBN 34823 219 21 of of IN 34823 219 22 a a DT 34823 219 23 commodity commodity NN 34823 219 24 , , , 34823 219 25 has have VBZ 34823 219 26 likewise likewise RB 34823 219 27 broken break VBN 34823 219 28 down down RP 34823 219 29 , , , 34823 219 30 as as IN 34823 219 31 will will MD 34823 219 32 appear appear VB 34823 219 33 in in IN 34823 219 34 the the DT 34823 219 35 chapter chapter NN 34823 219 36 on on IN 34823 219 37 " " `` 34823 219 38 Marginal Marginal NNP 34823 219 39 Utility Utility NNP 34823 219 40 . . . 34823 219 41 " " '' 34823 220 1 In in IN 34823 220 2 general general JJ 34823 220 3 , , , 34823 220 4 it -PRON- PRP 34823 220 5 may may MD 34823 220 6 be be VB 34823 220 7 said say VBN 34823 220 8 that that IN 34823 220 9 the the DT 34823 220 10 effort effort NN 34823 220 11 to to TO 34823 220 12 pick pick VB 34823 220 13 out out RP 34823 220 14 feeling feel VBG 34823 220 15 magnitudes,[19 magnitudes,[19 CD 34823 220 16 ] ] -RRB- 34823 220 17 either either CC 34823 220 18 of of IN 34823 220 19 pleasure pleasure NN 34823 220 20 or or CC 34823 220 21 pain pain NN 34823 220 22 , , , 34823 220 23 in in IN 34823 220 24 the the DT 34823 220 25 minds mind NNS 34823 220 26 of of IN 34823 220 27 individuals individual NNS 34823 220 28 , , , 34823 220 29 and and CC 34823 220 30 combine combine VB 34823 220 31 them -PRON- PRP 34823 220 32 into into IN 34823 220 33 a a DT 34823 220 34 social social JJ 34823 220 35 quantity quantity NN 34823 220 36 , , , 34823 220 37 leads lead VBZ 34823 220 38 to to IN 34823 220 39 circular circular JJ 34823 220 40 reasoning reasoning NN 34823 220 41 . . . 34823 221 1 Thus thus RB 34823 221 2 , , , 34823 221 3 the the DT 34823 221 4 utility utility NN 34823 221 5 theory theory NN 34823 221 6 : : : 34823 221 7 It -PRON- PRP 34823 221 8 is be VBZ 34823 221 9 not not RB 34823 221 10 alone alone RB 34823 221 11 the the DT 34823 221 12 intensity intensity NN 34823 221 13 of of IN 34823 221 14 a a DT 34823 221 15 man man NN 34823 221 16 's 's POS 34823 221 17 marginal marginal JJ 34823 221 18 desire desire NN 34823 221 19 for for IN 34823 221 20 a a DT 34823 221 21 good good JJ 34823 221 22 which which WDT 34823 221 23 determines determine VBZ 34823 221 24 his -PRON- PRP$ 34823 221 25 influence influence NN 34823 221 26 on on IN 34823 221 27 the the DT 34823 221 28 market market NN 34823 221 29 . . . 34823 222 1 If if IN 34823 222 2 he -PRON- PRP 34823 222 3 has have VBZ 34823 222 4 no no DT 34823 222 5 money money NN 34823 222 6 , , , 34823 222 7 he -PRON- PRP 34823 222 8 may may MD 34823 222 9 desire desire VB 34823 222 10 a a DT 34823 222 11 thing thing NN 34823 222 12 ever ever RB 34823 222 13 so so RB 34823 222 14 intensely intensely RB 34823 222 15 without without IN 34823 222 16 giving give VBG 34823 222 17 it -PRON- PRP 34823 222 18 value value NN 34823 222 19 . . . 34823 223 1 If if IN 34823 223 2 he -PRON- PRP 34823 223 3 is be VBZ 34823 223 4 rich rich JJ 34823 223 5 , , , 34823 223 6 a a DT 34823 223 7 slight slight JJ 34823 223 8 desire desire NN 34823 223 9 counts count NNS 34823 223 10 for for IN 34823 223 11 a a DT 34823 223 12 great great JJ 34823 223 13 deal deal NN 34823 223 14 . . . 34823 224 1 In in IN 34823 224 2 other other JJ 34823 224 3 words word NNS 34823 224 4 , , , 34823 224 5 utility utility NN 34823 224 6 , , , 34823 224 7 backed back VBN 34823 224 8 by by IN 34823 224 9 _ _ NNP 34823 224 10 value value NN 34823 224 11 _ _ NNP 34823 224 12 , , , 34823 224 13 gives give VBZ 34823 224 14 a a DT 34823 224 15 commodity commodity NN 34823 224 16 value value NN 34823 224 17 . . . 34823 225 1 But but CC 34823 225 2 this this DT 34823 225 3 is be VBZ 34823 225 4 to to TO 34823 225 5 explain explain VB 34823 225 6 value value NN 34823 225 7 by by IN 34823 225 8 value value NN 34823 225 9 , , , 34823 225 10 which which WDT 34823 225 11 is be VBZ 34823 225 12 circular circular JJ 34823 225 13 . . . 34823 226 1 So so RB 34823 226 2 with with IN 34823 226 3 the the DT 34823 226 4 theory theory NN 34823 226 5 of of IN 34823 226 6 average average JJ 34823 226 7 labor labor NN 34823 226 8 _ _ NNP 34823 226 9 time time NN 34823 226 10 _ _ NNP 34823 226 11 . . . 34823 227 1 How how WRB 34823 227 2 shall shall MD 34823 227 3 we -PRON- PRP 34823 227 4 average average VB 34823 227 5 labor labor NN 34823 227 6 time time NN 34823 227 7 ? ? . 34823 228 1 The the DT 34823 228 2 problem problem NN 34823 228 3 is be VBZ 34823 228 4 easy easy JJ 34823 228 5 if if IN 34823 228 6 we -PRON- PRP 34823 228 7 confine confine VBP 34823 228 8 ourselves -PRON- PRP 34823 228 9 , , , 34823 228 10 say say VB 34823 228 11 , , , 34823 228 12 to to IN 34823 228 13 wheat wheat NN 34823 228 14 . . . 34823 229 1 If if IN 34823 229 2 one one CD 34823 229 3 bushel bushel NN 34823 229 4 of of IN 34823 229 5 wheat wheat NN 34823 229 6 is be VBZ 34823 229 7 produced produce VBN 34823 229 8 with with IN 34823 229 9 ten ten CD 34823 229 10 hours hour NNS 34823 229 11 ' ' POS 34823 229 12 labor labor NN 34823 229 13 , , , 34823 229 14 a a DT 34823 229 15 second second JJ 34823 229 16 with with IN 34823 229 17 eight eight CD 34823 229 18 hours hour NNS 34823 229 19 ' ' POS 34823 229 20 labor labor NN 34823 229 21 and and CC 34823 229 22 a a DT 34823 229 23 third third NN 34823 229 24 with with IN 34823 229 25 six six CD 34823 229 26 hours hour NNS 34823 229 27 ' ' POS 34823 229 28 labor labor NN 34823 229 29 , , , 34823 229 30 the the DT 34823 229 31 average average NN 34823 229 32 is be VBZ 34823 229 33 eight eight CD 34823 229 34 hours hour NNS 34823 229 35 , , , 34823 229 36 and and CC 34823 229 37 we -PRON- PRP 34823 229 38 may may MD 34823 229 39 fix fix VB 34823 229 40 the the DT 34823 229 41 value value NN 34823 229 42 of of IN 34823 229 43 the the DT 34823 229 44 bushel bushel NN 34823 229 45 of of IN 34823 229 46 wheat wheat NN 34823 229 47 according accord VBG 34823 229 48 . . . 34823 230 1 But but CC 34823 230 2 suppose suppose VB 34823 230 3 we -PRON- PRP 34823 230 4 wish wish VBP 34823 230 5 to to TO 34823 230 6 compare compare VB 34823 230 7 the the DT 34823 230 8 labor labor NN 34823 230 9 engaged engage VBN 34823 230 10 in in IN 34823 230 11 making make VBG 34823 230 12 _ _ NNP 34823 230 13 hats hat NNS 34823 230 14 _ _ NNP 34823 230 15 with with IN 34823 230 16 the the DT 34823 230 17 labor labor NN 34823 230 18 engaged engage VBN 34823 230 19 in in IN 34823 230 20 raising raise VBG 34823 230 21 wheat wheat NN 34823 230 22 . . . 34823 231 1 How how WRB 34823 231 2 can can MD 34823 231 3 such such JJ 34823 231 4 labor labor NN 34823 231 5 be be VB 34823 231 6 compared compare VBN 34823 231 7 ? ? . 34823 232 1 Hats hat NNS 34823 232 2 are be VBP 34823 232 3 , , , 34823 232 4 in in IN 34823 232 5 their -PRON- PRP$ 34823 232 6 physical physical JJ 34823 232 7 aspects aspect NNS 34823 232 8 , , , 34823 232 9 incommensurable incommensurable JJ 34823 232 10 with with IN 34823 232 11 wheat wheat NN 34823 232 12 . . . 34823 233 1 The the DT 34823 233 2 one one CD 34823 233 3 quality quality NN 34823 233 4 which which WDT 34823 233 5 they -PRON- PRP 34823 233 6 have have VBP 34823 233 7 in in IN 34823 233 8 common common JJ 34823 233 9 , , , 34823 233 10 relevant relevant JJ 34823 233 11 to to IN 34823 233 12 the the DT 34823 233 13 present present JJ 34823 233 14 interest interest NN 34823 233 15 , , , 34823 233 16 is be VBZ 34823 233 17 _ _ NNP 34823 233 18 value value NN 34823 233 19 _ _ NNP 34823 233 20 . . . 34823 234 1 Given give VBN 34823 234 2 the the DT 34823 234 3 value value NN 34823 234 4 of of IN 34823 234 5 the the DT 34823 234 6 wheat wheat NN 34823 234 7 and and CC 34823 234 8 the the DT 34823 234 9 value value NN 34823 234 10 of of IN 34823 234 11 the the DT 34823 234 12 hats hat NNS 34823 234 13 , , , 34823 234 14 you -PRON- PRP 34823 234 15 may may MD 34823 234 16 compare compare VB 34823 234 17 and and CC 34823 234 18 average average VB 34823 234 19 out out RP 34823 234 20 the the DT 34823 234 21 labor labor NN 34823 234 22 engaged engage VBN 34823 234 23 in in IN 34823 234 24 producing produce VBG 34823 234 25 them -PRON- PRP 34823 234 26 . . . 34823 235 1 But but CC 34823 235 2 if if IN 34823 235 3 value value NN 34823 235 4 must must MD 34823 235 5 be be VB 34823 235 6 employed employ VBN 34823 235 7 as as IN 34823 235 8 a a DT 34823 235 9 means means NN 34823 235 10 of of IN 34823 235 11 averaging average VBG 34823 235 12 labor labor NN 34823 235 13 , , , 34823 235 14 it -PRON- PRP 34823 235 15 is be VBZ 34823 235 16 clear clear JJ 34823 235 17 that that IN 34823 235 18 average average JJ 34823 235 19 labor labor NN 34823 235 20 can can MD 34823 235 21 be be VB 34823 235 22 no no DT 34823 235 23 explanation explanation NN 34823 235 24 of of IN 34823 235 25 value value NN 34823 235 26 . . . 34823 236 1 This this DT 34823 236 2 is be VBZ 34823 236 3 not not RB 34823 236 4 the the DT 34823 236 5 only only JJ 34823 236 6 flaw flaw NN 34823 236 7 in in IN 34823 236 8 the the DT 34823 236 9 labor labor NN 34823 236 10 - - HYPH 34823 236 11 time time NN 34823 236 12 theory theory NN 34823 236 13 , , , 34823 236 14 but but CC 34823 236 15 it -PRON- PRP 34823 236 16 illustrates illustrate VBZ 34823 236 17 a a DT 34823 236 18 vice vice NN 34823 236 19 which which WDT 34823 236 20 it -PRON- PRP 34823 236 21 has have VBZ 34823 236 22 in in IN 34823 236 23 common common JJ 34823 236 24 with with IN 34823 236 25 all all PDT 34823 236 26 those those DT 34823 236 27 theories theory NNS 34823 236 28 which which WDT 34823 236 29 start start VBP 34823 236 30 with with IN 34823 236 31 individual individual JJ 34823 236 32 elements element NNS 34823 236 33 , , , 34823 236 34 and and CC 34823 236 35 seek seek VB 34823 236 36 to to TO 34823 236 37 combine combine VB 34823 236 38 them -PRON- PRP 34823 236 39 into into IN 34823 236 40 a a DT 34823 236 41 social social JJ 34823 236 42 quantity quantity NN 34823 236 43 . . . 34823 237 1 The the DT 34823 237 2 whole whole JJ 34823 237 3 method method NN 34823 237 4 of of IN 34823 237 5 approach approach NN 34823 237 6 is be VBZ 34823 237 7 wrong wrong JJ 34823 237 8 . . . 34823 238 1 It -PRON- PRP 34823 238 2 makes make VBZ 34823 238 3 two two CD 34823 238 4 abstractions abstraction NNS 34823 238 5 , , , 34823 238 6 neither neither DT 34823 238 7 of of IN 34823 238 8 which which WDT 34823 238 9 is be VBZ 34823 238 10 legitimate legitimate JJ 34823 238 11 : : : 34823 238 12 first first RB 34823 238 13 , , , 34823 238 14 it -PRON- PRP 34823 238 15 abstracts abstract VBZ 34823 238 16 the the DT 34823 238 17 individual individual NN 34823 238 18 from from IN 34823 238 19 his -PRON- PRP$ 34823 238 20 vital vital JJ 34823 238 21 and and CC 34823 238 22 organic organic JJ 34823 238 23 connections connection NNS 34823 238 24 with with IN 34823 238 25 his -PRON- PRP$ 34823 238 26 fellows fellow NNS 34823 238 27 , , , 34823 238 28 and and CC 34823 238 29 then then RB 34823 238 30 , , , 34823 238 31 second second RB 34823 238 32 , , , 34823 238 33 it -PRON- PRP 34823 238 34 takes take VBZ 34823 238 35 from from IN 34823 238 36 the the DT 34823 238 37 individual individual NN 34823 238 38 , , , 34823 238 39 thus thus RB 34823 238 40 abstracted abstract VBN 34823 238 41 , , , 34823 238 42 only only RB 34823 238 43 a a DT 34823 238 44 small small JJ 34823 238 45 part part NN 34823 238 46 , , , 34823 238 47 that that DT 34823 238 48 part part NN 34823 238 49 immediately immediately RB 34823 238 50 concerned concerned JJ 34823 238 51 with with IN 34823 238 52 the the DT 34823 238 53 consumption consumption NN 34823 238 54 or or CC 34823 238 55 production production NN 34823 238 56 of of IN 34823 238 57 wealth wealth NN 34823 238 58 . . . 34823 239 1 In in IN 34823 239 2 this this DT 34823 239 3 process process NN 34823 239 4 of of IN 34823 239 5 abstraction abstraction NN 34823 239 6 , , , 34823 239 7 very very RB 34823 239 8 much much JJ 34823 239 9 of of IN 34823 239 10 the the DT 34823 239 11 explanation explanation NN 34823 239 12 of of IN 34823 239 13 value value NN 34823 239 14 is be VBZ 34823 239 15 left leave VBN 34823 239 16 out out RP 34823 239 17 . . . 34823 240 1 The the DT 34823 240 2 _ _ NNP 34823 240 3 whole whole JJ 34823 240 4 _ _ NNP 34823 240 5 man man NN 34823 240 6 , , , 34823 240 7 in in IN 34823 240 8 his -PRON- PRP$ 34823 240 9 _ _ NNP 34823 240 10 social social JJ 34823 240 11 _ _ NNP 34823 240 12 relations relation NNS 34823 240 13 , , , 34823 240 14 must must MD 34823 240 15 be be VB 34823 240 16 taken take VBN 34823 240 17 into into IN 34823 240 18 account account NN 34823 240 19 before before IN 34823 240 20 we -PRON- PRP 34823 240 21 can can MD 34823 240 22 get get VB 34823 240 23 an an DT 34823 240 24 adequate adequate JJ 34823 240 25 theory theory NN 34823 240 26 of of IN 34823 240 27 value value NN 34823 240 28 . . . 34823 241 1 We -PRON- PRP 34823 241 2 turn turn VBP 34823 241 3 , , , 34823 241 4 then then RB 34823 241 5 , , , 34823 241 6 to to IN 34823 241 7 a a DT 34823 241 8 brief brief JJ 34823 241 9 discussion discussion NN 34823 241 10 of of IN 34823 241 11 society society NN 34823 241 12 and and CC 34823 241 13 the the DT 34823 241 14 individual individual NN 34823 241 15 , , , 34823 241 16 and and CC 34823 241 17 to to IN 34823 241 18 a a DT 34823 241 19 discussion discussion NN 34823 241 20 of of IN 34823 241 21 those those DT 34823 241 22 individual individual JJ 34823 241 23 activities activity NNS 34823 241 24 and and CC 34823 241 25 social social JJ 34823 241 26 relations relation NNS 34823 241 27 which which WDT 34823 241 28 are be VBP 34823 241 29 most most RBS 34823 241 30 significant significant JJ 34823 241 31 in in IN 34823 241 32 the the DT 34823 241 33 explanation explanation NN 34823 241 34 of of IN 34823 241 35 economic economic JJ 34823 241 36 value value NN 34823 241 37 . . . 34823 242 1 * * NFP 34823 242 2 * * NFP 34823 242 3 * * NFP 34823 242 4 * * NFP 34823 242 5 * * NFP 34823 242 6 All all DT 34823 242 7 mental mental JJ 34823 242 8 processes process NNS 34823 242 9 are be VBP 34823 242 10 in in IN 34823 242 11 the the DT 34823 242 12 minds mind NNS 34823 242 13 of of IN 34823 242 14 individual individual JJ 34823 242 15 men man NNS 34823 242 16 . . . 34823 243 1 There there EX 34823 243 2 is be VBZ 34823 243 3 no no DT 34823 243 4 social social JJ 34823 243 5 " " `` 34823 243 6 oversoul oversoul NN 34823 243 7 " " '' 34823 243 8 which which WDT 34823 243 9 transcends transcend VBZ 34823 243 10 individual individual JJ 34823 243 11 minds mind NNS 34823 243 12 , , , 34823 243 13 and and CC 34823 243 14 there there EX 34823 243 15 is be VBZ 34823 243 16 no no DT 34823 243 17 social social JJ 34823 243 18 " " `` 34823 243 19 consciousness consciousness NN 34823 243 20 " " '' 34823 243 21 which which WDT 34823 243 22 stands stand VBZ 34823 243 23 outside outside RB 34823 243 24 of of IN 34823 243 25 and and CC 34823 243 26 above above IN 34823 243 27 the the DT 34823 243 28 consciousnesses consciousness NNS 34823 243 29 of of IN 34823 243 30 individuals individual NNS 34823 243 31 . . . 34823 244 1 So so RB 34823 244 2 much much RB 34823 244 3 by by IN 34823 244 4 way way NN 34823 244 5 of of IN 34823 244 6 emphatic emphatic JJ 34823 244 7 concurrence concurrence NN 34823 244 8 with with IN 34823 244 9 those those DT 34823 244 10 critics critic NNS 34823 244 11 of of IN 34823 244 12 the the DT 34823 244 13 social social JJ 34823 244 14 value value NN 34823 244 15 theory[20 theory[20 NN 34823 244 16 ] ] -RRB- 34823 244 17 who who WP 34823 244 18 persist persist VBP 34823 244 19 in in IN 34823 244 20 foisting foisting NN 34823 244 21 upon upon IN 34823 244 22 the the DT 34823 244 23 theory theory NN 34823 244 24 the the DT 34823 244 25 notion notion NN 34823 244 26 that that IN 34823 244 27 there there EX 34823 244 28 is be VBZ 34823 244 29 a a DT 34823 244 30 social social JJ 34823 244 31 oversoul oversoul NN 34823 244 32 , , , 34823 244 33 or or CC 34823 244 34 that that IN 34823 244 35 the the DT 34823 244 36 " " `` 34823 244 37 social social JJ 34823 244 38 organism organism NN 34823 244 39 " " '' 34823 244 40 is be VBZ 34823 244 41 some some DT 34823 244 42 so so RB 34823 244 43 far far RB 34823 244 44 unclassified unclassified JJ 34823 244 45 biological biological JJ 34823 244 46 specimen speciman NNS 34823 244 47 . . . 34823 245 1 To to TO 34823 245 2 say say VB 34823 245 3 that that IN 34823 245 4 economic economic JJ 34823 245 5 value value NN 34823 245 6 is be VBZ 34823 245 7 a a DT 34823 245 8 social social JJ 34823 245 9 value value NN 34823 245 10 , , , 34823 245 11 the the DT 34823 245 12 product product NN 34823 245 13 of of IN 34823 245 14 many many JJ 34823 245 15 minds mind NNS 34823 245 16 in in IN 34823 245 17 organic organic JJ 34823 245 18 interplay interplay NN 34823 245 19 , , , 34823 245 20 is be VBZ 34823 245 21 not not RB 34823 245 22 to to TO 34823 245 23 say say VB 34823 245 24 that that IN 34823 245 25 economic economic JJ 34823 245 26 value value NN 34823 245 27 is be VBZ 34823 245 28 independent independent JJ 34823 245 29 of of IN 34823 245 30 processes process NNS 34823 245 31 in in IN 34823 245 32 the the DT 34823 245 33 minds mind NNS 34823 245 34 of of IN 34823 245 35 individual individual JJ 34823 245 36 men man NNS 34823 245 37 , , , 34823 245 38 or or CC 34823 245 39 that that IN 34823 245 40 it -PRON- PRP 34823 245 41 results result VBZ 34823 245 42 from from IN 34823 245 43 any any DT 34823 245 44 mysterious mysterious JJ 34823 245 45 behavior behavior NN 34823 245 46 of of IN 34823 245 47 a a DT 34823 245 48 social social JJ 34823 245 49 oversoul oversoul NN 34823 245 50 . . . 34823 246 1 The the DT 34823 246 2 human human JJ 34823 246 3 animal animal NN 34823 246 4 is be VBZ 34823 246 5 born bear VBN 34823 246 6 with with IN 34823 246 7 certain certain JJ 34823 246 8 innate innate JJ 34823 246 9 instincts instinct NNS 34823 246 10 and and CC 34823 246 11 capacities capacity NNS 34823 246 12 . . . 34823 247 1 Human human JJ 34823 247 2 animals animal NNS 34823 247 3 of of IN 34823 247 4 different different JJ 34823 247 5 races race NNS 34823 247 6 and and CC 34823 247 7 different different JJ 34823 247 8 strains strain NNS 34823 247 9 are be VBP 34823 247 10 in in IN 34823 247 11 highly highly RB 34823 247 12 important important JJ 34823 247 13 points point NNS 34823 247 14 different different JJ 34823 247 15 in in IN 34823 247 16 their -PRON- PRP$ 34823 247 17 instincts instinct NNS 34823 247 18 and and CC 34823 247 19 capacities capacity NNS 34823 247 20 . . . 34823 248 1 But but CC 34823 248 2 the the DT 34823 248 3 human human JJ 34823 248 4 animal animal NN 34823 248 5 is be VBZ 34823 248 6 not not RB 34823 248 7 born bear VBN 34823 248 8 with with IN 34823 248 9 a a DT 34823 248 10 _ _ NNP 34823 248 11 human human JJ 34823 248 12 mind mind NN 34823 248 13 _ _ NNP 34823 248 14 . . . 34823 249 1 Nor nor CC 34823 249 2 could could MD 34823 249 3 the the DT 34823 249 4 human human JJ 34823 249 5 animal animal NN 34823 249 6 , , , 34823 249 7 apart apart RB 34823 249 8 from from IN 34823 249 9 association association NN 34823 249 10 with with IN 34823 249 11 his -PRON- PRP$ 34823 249 12 fellows fellow NNS 34823 249 13 , , , 34823 249 14 ever ever RB 34823 249 15 develop develop VB 34823 249 16 a a DT 34823 249 17 human human JJ 34823 249 18 mind mind NN 34823 249 19 . . . 34823 250 1 " " `` 34823 250 2 The the DT 34823 250 3 human human JJ 34823 250 4 mind mind NN 34823 250 5 is be VBZ 34823 250 6 what what WP 34823 250 7 happens happen VBZ 34823 250 8 to to IN 34823 250 9 the the DT 34823 250 10 human human JJ 34823 250 11 animal animal NN 34823 250 12 in in IN 34823 250 13 a a DT 34823 250 14 social social JJ 34823 250 15 situation situation NN 34823 250 16 . . . 34823 251 1 " " `` 34823 251 2 [ [ -LRB- 34823 251 3 21 21 CD 34823 251 4 ] ] -RRB- 34823 251 5 Of of RB 34823 251 6 course course RB 34823 251 7 , , , 34823 251 8 without without IN 34823 251 9 the the DT 34823 251 10 care care NN 34823 251 11 of of IN 34823 251 12 adults adult NNS 34823 251 13 , , , 34823 251 14 the the DT 34823 251 15 infant infant NN 34823 251 16 would would MD 34823 251 17 , , , 34823 251 18 in in IN 34823 251 19 general general JJ 34823 251 20 , , , 34823 251 21 promptly promptly RB 34823 251 22 perish perish JJ 34823 251 23 . . . 34823 252 1 But but CC 34823 252 2 , , , 34823 252 3 more more RBR 34823 252 4 fundamental fundamental JJ 34823 252 5 for for IN 34823 252 6 our -PRON- PRP$ 34823 252 7 purposes purpose NNS 34823 252 8 , , , 34823 252 9 is be VBZ 34823 252 10 the the DT 34823 252 11 fact fact NN 34823 252 12 that that IN 34823 252 13 all all PDT 34823 252 14 the the DT 34823 252 15 important important JJ 34823 252 16 stimuli stimulus NNS 34823 252 17 which which WDT 34823 252 18 play play VBP 34823 252 19 upon upon IN 34823 252 20 the the DT 34823 252 21 child child NN 34823 252 22 during during IN 34823 252 23 his -PRON- PRP$ 34823 252 24 first first JJ 34823 252 25 two two CD 34823 252 26 years year NNS 34823 252 27 , , , 34823 252 28 when when WRB 34823 252 29 the the DT 34823 252 30 human human JJ 34823 252 31 mind mind NN 34823 252 32 is be VBZ 34823 252 33 being be VBG 34823 252 34 developed develop VBN 34823 252 35 , , , 34823 252 36 are be VBP 34823 252 37 social social JJ 34823 252 38 stimuli stimulus NNS 34823 252 39 . . . 34823 253 1 So so RB 34823 253 2 true true JJ 34823 253 3 is be VBZ 34823 253 4 this this DT 34823 253 5 , , , 34823 253 6 that that IN 34823 253 7 the the DT 34823 253 8 child child NN 34823 253 9 's 's POS 34823 253 10 commerce commerce NN 34823 253 11 with with IN 34823 253 12 physical physical JJ 34823 253 13 things thing NNS 34823 253 14 runs run NNS 34823 253 15 in in IN 34823 253 16 social social JJ 34823 253 17 terms term NNS 34823 253 18 . . . 34823 254 1 The the DT 34823 254 2 child child NN 34823 254 3 interprets interpret VBZ 34823 254 4 the the DT 34823 254 5 physical physical JJ 34823 254 6 objects object NNS 34823 254 7 about about IN 34823 254 8 him -PRON- PRP 34823 254 9 _ _ NNP 34823 254 10 personally personally RB 34823 254 11 _ _ NNP 34823 254 12 , , , 34823 254 13 attributes attribute VBZ 34823 254 14 life life NN 34823 254 15 and and CC 34823 254 16 human human JJ 34823 254 17 attributes attribute NNS 34823 254 18 to to IN 34823 254 19 them -PRON- PRP 34823 254 20 , , , 34823 254 21 holds hold VBZ 34823 254 22 conversation conversation NN 34823 254 23 with with IN 34823 254 24 them -PRON- PRP 34823 254 25 , , , 34823 254 26 praises praise NNS 34823 254 27 and and CC 34823 254 28 blames blame VBZ 34823 254 29 them -PRON- PRP 34823 254 30 , , , 34823 254 31 makes make VBZ 34823 254 32 companions companion NNS 34823 254 33 of of IN 34823 254 34 them -PRON- PRP 34823 254 35 . . . 34823 255 1 This this DT 34823 255 2 _ _ NNP 34823 255 3 animism animism NN 34823 255 4 _ _ NNP 34823 255 5 of of IN 34823 255 6 the the DT 34823 255 7 child child NN 34823 255 8 , , , 34823 255 9 so so RB 34823 255 10 puzzling puzzle VBG 34823 255 11 to to IN 34823 255 12 an an DT 34823 255 13 old old JJ 34823 255 14 - - HYPH 34823 255 15 fashioned fashioned JJ 34823 255 16 psychology psychology NN 34823 255 17 , , , 34823 255 18 is be VBZ 34823 255 19 readily readily RB 34823 255 20 explained explain VBN 34823 255 21 by by IN 34823 255 22 social social JJ 34823 255 23 psychology psychology NN 34823 255 24 . . . 34823 256 1 It -PRON- PRP 34823 256 2 is be VBZ 34823 256 3 a a DT 34823 256 4 social social JJ 34823 256 5 interpretation interpretation NN 34823 256 6 of of IN 34823 256 7 the the DT 34823 256 8 universe universe NN 34823 256 9 . . . 34823 257 1 It -PRON- PRP 34823 257 2 follows follow VBZ 34823 257 3 naturally naturally RB 34823 257 4 from from IN 34823 257 5 the the DT 34823 257 6 principle principle NN 34823 257 7 of of IN 34823 257 8 apperception apperception NN 34823 257 9 : : : 34823 257 10 the the DT 34823 257 11 interpretation interpretation NN 34823 257 12 of of IN 34823 257 13 the the DT 34823 257 14 unknown unknown NN 34823 257 15 in in IN 34823 257 16 terms term NNS 34823 257 17 of of IN 34823 257 18 the the DT 34823 257 19 known know VBN 34823 257 20 ; ; : 34823 257 21 the the DT 34823 257 22 extension extension NN 34823 257 23 of of IN 34823 257 24 accumulated accumulate VBN 34823 257 25 experience experience NN 34823 257 26 to to IN 34823 257 27 the the DT 34823 257 28 interpretation interpretation NN 34823 257 29 of of IN 34823 257 30 new new JJ 34823 257 31 experiences experience NNS 34823 257 32 . . . 34823 258 1 The the DT 34823 258 2 first first JJ 34823 258 3 experiences experience NNS 34823 258 4 of of IN 34823 258 5 the the DT 34823 258 6 human human JJ 34823 258 7 animal animal NN 34823 258 8 are be VBP 34823 258 9 social social JJ 34823 258 10 experiences experience NNS 34823 258 11 . . . 34823 259 1 In in IN 34823 259 2 the the DT 34823 259 3 history history NN 34823 259 4 of of IN 34823 259 5 human human JJ 34823 259 6 society society NN 34823 259 7 , , , 34823 259 8 a a DT 34823 259 9 similar similar JJ 34823 259 10 generalization generalization NN 34823 259 11 is be VBZ 34823 259 12 possible possible JJ 34823 259 13 . . . 34823 260 1 The the DT 34823 260 2 human human NN 34823 260 3 _ _ NNP 34823 260 4 individual individual NN 34823 260 5 _ _ NNP 34823 260 6 is be VBZ 34823 260 7 found find VBN 34823 260 8 , , , 34823 260 9 not not RB 34823 260 10 in in IN 34823 260 11 primitive primitive JJ 34823 260 12 life life NN 34823 260 13 , , , 34823 260 14 but but CC 34823 260 15 late late RB 34823 260 16 in in IN 34823 260 17 the the DT 34823 260 18 scale scale NN 34823 260 19 of of IN 34823 260 20 social social JJ 34823 260 21 evolution evolution NN 34823 260 22 . . . 34823 261 1 Individuality individuality NN 34823 261 2 is be VBZ 34823 261 3 a a DT 34823 261 4 social social JJ 34823 261 5 product product NN 34823 261 6 . . . 34823 262 1 The the DT 34823 262 2 savage savage NN 34823 262 3 is be VBZ 34823 262 4 not not RB 34823 262 5 a a DT 34823 262 6 free free JJ 34823 262 7 , , , 34823 262 8 self self NN 34823 262 9 - - HYPH 34823 262 10 conscious conscious JJ 34823 262 11 person person NN 34823 262 12 , , , 34823 262 13 who who WP 34823 262 14 can can MD 34823 262 15 set set VB 34823 262 16 himself -PRON- PRP 34823 262 17 off off RP 34823 262 18 against against IN 34823 262 19 the the DT 34823 262 20 group group NN 34823 262 21 , , , 34823 262 22 and and CC 34823 262 23 feel feel VB 34823 262 24 himself -PRON- PRP 34823 262 25 an an DT 34823 262 26 isolated isolate VBN 34823 262 27 centre centre NN 34823 262 28 of of IN 34823 262 29 power power NN 34823 262 30 . . . 34823 263 1 His -PRON- PRP$ 34823 263 2 life life NN 34823 263 3 is be VBZ 34823 263 4 wrapped wrap VBN 34823 263 5 up up RP 34823 263 6 in in IN 34823 263 7 the the DT 34823 263 8 group group NN 34823 263 9 life life NN 34823 263 10 . . . 34823 264 1 In in IN 34823 264 2 the the DT 34823 264 3 great great JJ 34823 264 4 barbarian barbarian JJ 34823 264 5 states state NNS 34823 264 6 like like IN 34823 264 7 Ancient Ancient NNP 34823 264 8 Egypt Egypt NNP 34823 264 9 or or CC 34823 264 10 China China NNP 34823 264 11 , , , 34823 264 12 the the DT 34823 264 13 life life NN 34823 264 14 of of IN 34823 264 15 the the DT 34823 264 16 individual individual NN 34823 264 17 was be VBD 34823 264 18 so so RB 34823 264 19 controlled control VBN 34823 264 20 by by IN 34823 264 21 social social JJ 34823 264 22 tradition tradition NN 34823 264 23 , , , 34823 264 24 and and CC 34823 264 25 innovation innovation NN 34823 264 26 was be VBD 34823 264 27 so so RB 34823 264 28 ruthlessly ruthlessly RB 34823 264 29 crushed crush VBN 34823 264 30 out out RP 34823 264 31 that that IN 34823 264 32 individuality individuality NN 34823 264 33 had have VBD 34823 264 34 little little JJ 34823 264 35 scope scope NN 34823 264 36 . . . 34823 265 1 Greece Greece NNP 34823 265 2 and and CC 34823 265 3 Judea Judea NNP 34823 265 4 gave give VBD 34823 265 5 larger large JJR 34823 265 6 scope scope NN 34823 265 7 to to IN 34823 265 8 individual individual JJ 34823 265 9 variation variation NN 34823 265 10 , , , 34823 265 11 but but CC 34823 265 12 the the DT 34823 265 13 individual individual NN 34823 265 14 still still RB 34823 265 15 felt feel VBD 34823 265 16 himself -PRON- PRP 34823 265 17 bound bind VBN 34823 265 18 up up RP 34823 265 19 with with IN 34823 265 20 his -PRON- PRP$ 34823 265 21 group group NN 34823 265 22 , , , 34823 265 23 and and CC 34823 265 24 was be VBD 34823 265 25 stoned stone VBN 34823 265 26 , , , 34823 265 27 given give VBN 34823 265 28 hemlock hemlock NNP 34823 265 29 , , , 34823 265 30 or or CC 34823 265 31 crucified crucify VBD 34823 265 32 if if IN 34823 265 33 he -PRON- PRP 34823 265 34 challenged challenge VBD 34823 265 35 the the DT 34823 265 36 existing exist VBG 34823 265 37 social social JJ 34823 265 38 order order NN 34823 265 39 too too RB 34823 265 40 seriously seriously RB 34823 265 41 . . . 34823 266 1 The the DT 34823 266 2 break break NN 34823 266 3 - - HYPH 34823 266 4 up up NN 34823 266 5 of of IN 34823 266 6 the the DT 34823 266 7 Greek greek JJ 34823 266 8 city city NN 34823 266 9 states state NNS 34823 266 10 , , , 34823 266 11 as as IN 34823 266 12 independent independent JJ 34823 266 13 sovereignties sovereignty NNS 34823 266 14 , , , 34823 266 15 and and CC 34823 266 16 their -PRON- PRP$ 34823 266 17 subjection subjection NN 34823 266 18 to to IN 34823 266 19 the the DT 34823 266 20 universal universal JJ 34823 266 21 sway sway NN 34823 266 22 of of IN 34823 266 23 Rome Rome NNP 34823 266 24 , , , 34823 266 25 made make VBD 34823 266 26 it -PRON- PRP 34823 266 27 possible possible JJ 34823 266 28 for for IN 34823 266 29 the the DT 34823 266 30 cultured cultured JJ 34823 266 31 Greek Greek NNP 34823 266 32 to to TO 34823 266 33 set set VB 34823 266 34 himself -PRON- PRP 34823 266 35 up up RP 34823 266 36 in in IN 34823 266 37 opposition opposition NN 34823 266 38 to to IN 34823 266 39 the the DT 34823 266 40 State state NN 34823 266 41 ; ; : 34823 266 42 the the DT 34823 266 43 coming coming NN 34823 266 44 of of IN 34823 266 45 Christianity Christianity NNP 34823 266 46 , , , 34823 266 47 substituting substitute VBG 34823 266 48 personal personal JJ 34823 266 49 relations relation NNS 34823 266 50 with with IN 34823 266 51 deity deity NN 34823 266 52 , , , 34823 266 53 for for IN 34823 266 54 the the DT 34823 266 55 communal communal JJ 34823 266 56 worship worship NN 34823 266 57 which which WDT 34823 266 58 had have VBD 34823 266 59 preceded precede VBN 34823 266 60 it -PRON- PRP 34823 266 61 , , , 34823 266 62 gave give VBD 34823 266 63 the the DT 34823 266 64 individual individual NN 34823 266 65 a a DT 34823 266 66 vital vital JJ 34823 266 67 interest interest NN 34823 266 68 apart apart RB 34823 266 69 from from IN 34823 266 70 the the DT 34823 266 71 life life NN 34823 266 72 of of IN 34823 266 73 the the DT 34823 266 74 group group NN 34823 266 75 about about IN 34823 266 76 him -PRON- PRP 34823 266 77 , , , 34823 266 78 so so IN 34823 266 79 that that IN 34823 266 80 he -PRON- PRP 34823 266 81 could could MD 34823 266 82 still still RB 34823 266 83 further further RB 34823 266 84 feel feel VB 34823 266 85 independent independent JJ 34823 266 86 of of IN 34823 266 87 his -PRON- PRP$ 34823 266 88 immediate immediate JJ 34823 266 89 social social JJ 34823 266 90 environment environment NN 34823 266 91 . . . 34823 267 1 The the DT 34823 267 2 development development NN 34823 267 3 by by IN 34823 267 4 the the DT 34823 267 5 Roman roman JJ 34823 267 6 lawyers lawyer NNS 34823 267 7 of of IN 34823 267 8 the the DT 34823 267 9 _ _ NNP 34823 267 10 Jus Jus NNP 34823 267 11 Gentium Gentium NNP 34823 267 12 _ _ NNP 34823 267 13 , , , 34823 267 14 the the DT 34823 267 15 law law NN 34823 267 16 which which WDT 34823 267 17 is be VBZ 34823 267 18 common common JJ 34823 267 19 to to IN 34823 267 20 all all DT 34823 267 21 nations nation NNS 34823 267 22 as as IN 34823 267 23 distinguished distinguish VBN 34823 267 24 from from IN 34823 267 25 the the DT 34823 267 26 particular particular JJ 34823 267 27 law law NN 34823 267 28 of of IN 34823 267 29 a a DT 34823 267 30 given give VBN 34823 267 31 group group NN 34823 267 32 , , , 34823 267 33 emphasized emphasize VBD 34823 267 34 the the DT 34823 267 35 doctrine doctrine NN 34823 267 36 of of IN 34823 267 37 the the DT 34823 267 38 Christian christian JJ 34823 267 39 religion religion NN 34823 267 40 and and CC 34823 267 41 of of IN 34823 267 42 the the DT 34823 267 43 Stoic stoic JJ 34823 267 44 philosophy philosophy NN 34823 267 45 of of IN 34823 267 46 a a DT 34823 267 47 humanity humanity NN 34823 267 48 which which WDT 34823 267 49 transcends transcend VBZ 34823 267 50 the the DT 34823 267 51 limits limit NNS 34823 267 52 of of IN 34823 267 53 a a DT 34823 267 54 given give VBN 34823 267 55 state,[22]--a state,[22]--a NN 34823 267 56 notion notion NN 34823 267 57 which which WDT 34823 267 58 tended tend VBD 34823 267 59 to to TO 34823 267 60 free free VB 34823 267 61 the the DT 34823 267 62 individual individual NN 34823 267 63 from from IN 34823 267 64 dependence dependence NN 34823 267 65 on on IN 34823 267 66 his -PRON- PRP$ 34823 267 67 immediate immediate JJ 34823 267 68 associates associate NNS 34823 267 69 . . . 34823 268 1 But but CC 34823 268 2 note note VB 34823 268 3 that that IN 34823 268 4 in in IN 34823 268 5 all all PDT 34823 268 6 this this DT 34823 268 7 we -PRON- PRP 34823 268 8 have have VBP 34823 268 9 merely merely RB 34823 268 10 a a DT 34823 268 11 widening widening NN 34823 268 12 and and CC 34823 268 13 multiplying multiplying NN 34823 268 14 of of IN 34823 268 15 social social JJ 34823 268 16 relationships relationship NNS 34823 268 17 , , , 34823 268 18 and and CC 34823 268 19 that that IN 34823 268 20 the the DT 34823 268 21 individual individual JJ 34823 268 22 gains gain NNS 34823 268 23 freedom freedom NN 34823 268 24 from from IN 34823 268 25 one one CD 34823 268 26 set set NN 34823 268 27 of of IN 34823 268 28 social social JJ 34823 268 29 relationships relationship NNS 34823 268 30 only only RB 34823 268 31 by by IN 34823 268 32 coming come VBG 34823 268 33 into into IN 34823 268 34 others other NNS 34823 268 35 . . . 34823 269 1 The the DT 34823 269 2 Christian christian JJ 34823 269 3 gains gain NNS 34823 269 4 freedom freedom NN 34823 269 5 from from IN 34823 269 6 his -PRON- PRP$ 34823 269 7 immediate immediate JJ 34823 269 8 surroundings surrounding NNS 34823 269 9 because because IN 34823 269 10 he -PRON- PRP 34823 269 11 feels feel VBZ 34823 269 12 himself -PRON- PRP 34823 269 13 in in IN 34823 269 14 communion communion NN 34823 269 15 with with IN 34823 269 16 " " `` 34823 269 17 angels angel NNS 34823 269 18 and and CC 34823 269 19 archangels archangel NNS 34823 269 20 and and CC 34823 269 21 all all PDT 34823 269 22 the the DT 34823 269 23 glorious glorious JJ 34823 269 24 company company NN 34823 269 25 of of IN 34823 269 26 Heaven Heaven NNP 34823 269 27 . . . 34823 269 28 " " '' 34823 270 1 Francis Francis NNP 34823 270 2 Bacon Bacon NNP 34823 270 3 could could MD 34823 270 4 survive survive VB 34823 270 5 his -PRON- PRP$ 34823 270 6 degradation degradation NN 34823 270 7 in in IN 34823 270 8 the the DT 34823 270 9 England England NNP 34823 270 10 of of IN 34823 270 11 his -PRON- PRP$ 34823 270 12 day day NN 34823 270 13 because because IN 34823 270 14 he -PRON- PRP 34823 270 15 could could MD 34823 270 16 leave leave VB 34823 270 17 his -PRON- PRP$ 34823 270 18 " " `` 34823 270 19 name name NN 34823 270 20 and and CC 34823 270 21 memory memory NN 34823 270 22 ... ... NFP 34823 270 23 to to IN 34823 270 24 foreign foreign JJ 34823 270 25 nations nation NNS 34823 270 26 and and CC 34823 270 27 to to IN 34823 270 28 the the DT 34823 270 29 next next JJ 34823 270 30 age age NN 34823 270 31 . . . 34823 270 32 " " '' 34823 271 1 Bagehot Bagehot NNP 34823 271 2 , , , 34823 271 3 in in IN 34823 271 4 his -PRON- PRP$ 34823 271 5 _ _ NNP 34823 271 6 Physics Physics NNP 34823 271 7 and and CC 34823 271 8 Politics Politics NNP 34823 271 9 _ _ NNP 34823 271 10 , , , 34823 271 11 Tarde Tarde NNP 34823 271 12 , , , 34823 271 13 and and CC 34823 271 14 Baldwin Baldwin NNP 34823 271 15 , , , 34823 271 16 to to TO 34823 271 17 name name VB 34823 271 18 no no DT 34823 271 19 others,[23 others,[23 NN 34823 271 20 ] ] -RRB- 34823 271 21 have have VBP 34823 271 22 shown show VBN 34823 271 23 how how WRB 34823 271 24 tremendously tremendously RB 34823 271 25 responsive responsive JJ 34823 271 26 human human JJ 34823 271 27 beings being NNS 34823 271 28 are be VBP 34823 271 29 to to IN 34823 271 30 suggestion suggestion NN 34823 271 31 , , , 34823 271 32 how how WRB 34823 271 33 wide wide JJ 34823 271 34 is be VBZ 34823 271 35 the the DT 34823 271 36 sway sway NN 34823 271 37 of of IN 34823 271 38 imitation imitation NN 34823 271 39 in in IN 34823 271 40 human human JJ 34823 271 41 life life NN 34823 271 42 , , , 34823 271 43 how how WRB 34823 271 44 fashion fashion NN 34823 271 45 , , , 34823 271 46 mode mode NN 34823 271 47 , , , 34823 271 48 custom custom NN 34823 271 49 , , , 34823 271 50 etc etc FW 34823 271 51 . . FW 34823 271 52 , , , 34823 271 53 make make VB 34823 271 54 and and CC 34823 271 55 mold mold VB 34823 271 56 the the DT 34823 271 57 individual individual NN 34823 271 58 . . . 34823 272 1 Cooley,[24 Cooley,[24 NNP 34823 272 2 ] ] -RRB- 34823 272 3 with with IN 34823 272 4 an an DT 34823 272 5 improved improved JJ 34823 272 6 psychology psychology NN 34823 272 7 , , , 34823 272 8 has have VBZ 34823 272 9 amplified amplify VBN 34823 272 10 the the DT 34823 272 11 analysis analysis NN 34823 272 12 , , , 34823 272 13 tracing trace VBG 34823 272 14 the the DT 34823 272 15 development development NN 34823 272 16 of of IN 34823 272 17 the the DT 34823 272 18 individual individual JJ 34823 272 19 mind mind NN 34823 272 20 in in IN 34823 272 21 interaction interaction NN 34823 272 22 with with IN 34823 272 23 the the DT 34823 272 24 minds mind NNS 34823 272 25 of of IN 34823 272 26 those those DT 34823 272 27 about about IN 34823 272 28 him -PRON- PRP 34823 272 29 , , , 34823 272 30 making make VBG 34823 272 31 still still RB 34823 272 32 clearer clear JJR 34823 272 33 the the DT 34823 272 34 sweep sweep NN 34823 272 35 and and CC 34823 272 36 pervasiveness pervasiveness NN 34823 272 37 of of IN 34823 272 38 social social JJ 34823 272 39 factors factor NNS 34823 272 40 in in IN 34823 272 41 framing frame VBG 34823 272 42 the the DT 34823 272 43 very very JJ 34823 272 44 self self NN 34823 272 45 of of IN 34823 272 46 the the DT 34823 272 47 individual individual NN 34823 272 48 . . . 34823 273 1 In in IN 34823 273 2 what what WP 34823 273 3 follows follow VBZ 34823 273 4 , , , 34823 273 5 I -PRON- PRP 34823 273 6 assume assume VBP 34823 273 7 the the DT 34823 273 8 results result NNS 34823 273 9 of of IN 34823 273 10 these these DT 34823 273 11 investigations investigation NNS 34823 273 12 . . . 34823 274 1 They -PRON- PRP 34823 274 2 constitute constitute VBP 34823 274 3 the the DT 34823 274 4 starting starting NN 34823 274 5 point point NN 34823 274 6 from from IN 34823 274 7 which which WDT 34823 274 8 we -PRON- PRP 34823 274 9 set set VBD 34823 274 10 out out RP 34823 274 11 on on IN 34823 274 12 the the DT 34823 274 13 quest quest NN 34823 274 14 of of IN 34823 274 15 a a DT 34823 274 16 theory theory NN 34823 274 17 of of IN 34823 274 18 economic economic JJ 34823 274 19 value value NN 34823 274 20 . . . 34823 275 1 So so RB 34823 275 2 much much JJ 34823 275 3 for for IN 34823 275 4 the the DT 34823 275 5 individual individual NN 34823 275 6 . . . 34823 276 1 He -PRON- PRP 34823 276 2 is be VBZ 34823 276 3 a a DT 34823 276 4 social social JJ 34823 276 5 product product NN 34823 276 6 . . . 34823 277 1 But but CC 34823 277 2 what what WP 34823 277 3 of of IN 34823 277 4 society society NN 34823 277 5 ? ? . 34823 278 1 Objective objective JJ 34823 278 2 , , , 34823 278 3 external external JJ 34823 278 4 , , , 34823 278 5 constraining constraining JJ 34823 278 6 and and CC 34823 278 7 impelling impelling JJ 34823 278 8 forces force NNS 34823 278 9 , , , 34823 278 10 which which WDT 34823 278 11 are be VBP 34823 278 12 not not RB 34823 278 13 physical physical JJ 34823 278 14 , , , 34823 278 15 which which WDT 34823 278 16 are be VBP 34823 278 17 seemingly seemingly RB 34823 278 18 not not RB 34823 278 19 the the DT 34823 278 20 products product NNS 34823 278 21 of of IN 34823 278 22 the the DT 34823 278 23 will will NN 34823 278 24 of of IN 34823 278 25 other other JJ 34823 278 26 individuals individual NNS 34823 278 27 with with IN 34823 278 28 whom whom WP 34823 278 29 the the DT 34823 278 30 individual individual NN 34823 278 31 holds hold VBZ 34823 278 32 converse converse NN 34823 278 33 , , , 34823 278 34 meet meet VB 34823 278 35 the the DT 34823 278 36 individual individual NN 34823 278 37 on on IN 34823 278 38 every every DT 34823 278 39 hand hand NN 34823 278 40 . . . 34823 279 1 There there EX 34823 279 2 is be VBZ 34823 279 3 the the DT 34823 279 4 Moral Moral NNP 34823 279 5 Law Law NNP 34823 279 6 , , , 34823 279 7 sacred sacred JJ 34823 279 8 and and CC 34823 279 9 majestic majestic JJ 34823 279 10 , , , 34823 279 11 which which WDT 34823 279 12 stands stand VBZ 34823 279 13 above above IN 34823 279 14 him -PRON- PRP 34823 279 15 , , , 34823 279 16 demanding demand VBG 34823 279 17 the the DT 34823 279 18 sacrifice sacrifice NN 34823 279 19 of of IN 34823 279 20 many many JJ 34823 279 21 of of IN 34823 279 22 his -PRON- PRP$ 34823 279 23 impulses impulse NNS 34823 279 24 and and CC 34823 279 25 desires desire NNS 34823 279 26 . . . 34823 280 1 There there EX 34823 280 2 is be VBZ 34823 280 3 the the DT 34823 280 4 Law Law NNP 34823 280 5 , , , 34823 280 6 external external JJ 34823 280 7 to to IN 34823 280 8 him -PRON- PRP 34823 280 9 and and CC 34823 280 10 to to IN 34823 280 11 his -PRON- PRP$ 34823 280 12 fellows fellow NNS 34823 280 13 , , , 34823 280 14 in in IN 34823 280 15 seeming seeming JJ 34823 280 16 , , , 34823 280 17 failure failure NN 34823 280 18 to to TO 34823 280 19 obey obey VB 34823 280 20 which which WDT 34823 280 21 may may MD 34823 280 22 ruin ruin VB 34823 280 23 his -PRON- PRP$ 34823 280 24 life life NN 34823 280 25 . . . 34823 281 1 There there EX 34823 281 2 is be VBZ 34823 281 3 Public Public NNP 34823 281 4 Opinion Opinion NNP 34823 281 5 , , , 34823 281 6 which which WDT 34823 281 7 presents present VBZ 34823 281 8 itself -PRON- PRP 34823 281 9 to to IN 34823 281 10 him -PRON- PRP 34823 281 11 as as IN 34823 281 12 an an DT 34823 281 13 opaque opaque JJ 34823 281 14 , , , 34823 281 15 impersonal impersonal JJ 34823 281 16 force force NN 34823 281 17 , , , 34823 281 18 before before IN 34823 281 19 which which WDT 34823 281 20 he -PRON- PRP 34823 281 21 must must MD 34823 281 22 bow bow VB 34823 281 23 , , , 34823 281 24 and and CC 34823 281 25 which which WDT 34823 281 26 he -PRON- PRP 34823 281 27 feels feel VBZ 34823 281 28 quite quite RB 34823 281 29 powerless powerless JJ 34823 281 30 to to TO 34823 281 31 change change VB 34823 281 32 . . . 34823 282 1 There there EX 34823 282 2 are be VBP 34823 282 3 Economic economic JJ 34823 282 4 Values value NNS 34823 282 5 ruling rule VBG 34823 282 6 in in IN 34823 282 7 the the DT 34823 282 8 market market NN 34823 282 9 place place NN 34823 282 10 , , , 34823 282 11 directing direct VBG 34823 282 12 industry industry NN 34823 282 13 in in IN 34823 282 14 its -PRON- PRP$ 34823 282 15 changing change VBG 34823 282 16 from from IN 34823 282 17 one one CD 34823 282 18 sort sort NN 34823 282 19 of of IN 34823 282 20 production production NN 34823 282 21 to to IN 34823 282 22 another another DT 34823 282 23 , , , 34823 282 24 bringing bring VBG 34823 282 25 prosperity prosperity NN 34823 282 26 to to IN 34823 282 27 one one CD 34823 282 28 individual individual NN 34823 282 29 and and CC 34823 282 30 bankruptcy bankruptcy NN 34823 282 31 to to IN 34823 282 32 another another DT 34823 282 33 , , , 34823 282 34 not not RB 34823 282 35 with with IN 34823 282 36 the the DT 34823 282 37 caprice caprice NN 34823 282 38 of of IN 34823 282 39 an an DT 34823 282 40 individual individual NN 34823 282 41 will will MD 34823 282 42 , , , 34823 282 43 but but CC 34823 282 44 with with IN 34823 282 45 the the DT 34823 282 46 remorseless remorseless JJ 34823 282 47 impersonality impersonality NN 34823 282 48 of of IN 34823 282 49 wind wind NN 34823 282 50 and and CC 34823 282 51 tide tide NN 34823 282 52 . . . 34823 283 1 He -PRON- PRP 34823 283 2 who who WP 34823 283 3 conforms conform VBZ 34823 283 4 to to IN 34823 283 5 them -PRON- PRP 34823 283 6 , , , 34823 283 7 who who WP 34823 283 8 anticipates anticipate VBZ 34823 283 9 their -PRON- PRP$ 34823 283 10 mutations mutation NNS 34823 283 11 , , , 34823 283 12 gains gain VBZ 34823 283 13 great great JJ 34823 283 14 wealth wealth NN 34823 283 15 -- -- : 34823 283 16 but but CC 34823 283 17 no no DT 34823 283 18 business business NN 34823 283 19 man man NN 34823 283 20 dare dare VBP 34823 283 21 set set VB 34823 283 22 his -PRON- PRP$ 34823 283 23 personal personal JJ 34823 283 24 values value NNS 34823 283 25 against against IN 34823 283 26 them -PRON- PRP 34823 283 27 . . . 34823 284 1 There there EX 34823 284 2 are be VBP 34823 284 3 great great JJ 34823 284 4 Institutions Institutions NNPS 34823 284 5 , , , 34823 284 6 Church Church NNP 34823 284 7 and and CC 34823 284 8 State State NNP 34823 284 9 and and CC 34823 284 10 Courts Courts NNPS 34823 284 11 and and CC 34823 284 12 Professions Professions NNPS 34823 284 13 and and CC 34823 284 14 giant giant JJ 34823 284 15 Corporations corporation NNS 34823 284 16 and and CC 34823 284 17 Political Political NNP 34823 284 18 Parties Parties NNPS 34823 284 19 , , , 34823 284 20 and and CC 34823 284 21 multitudinous multitudinous JJ 34823 284 22 other other JJ 34823 284 23 less less RBR 34823 284 24 formal formal JJ 34823 284 25 or or CC 34823 284 26 smaller small JJR 34823 284 27 institutions institution NNS 34823 284 28 , , , 34823 284 29 which which WDT 34823 284 30 go go VBP 34823 284 31 on on RP 34823 284 32 in in IN 34823 284 33 continuous continuous JJ 34823 284 34 life life NN 34823 284 35 , , , 34823 284 36 though though IN 34823 284 37 the the DT 34823 284 38 men man NNS 34823 284 39 who who WP 34823 284 40 act act VBP 34823 284 41 within within IN 34823 284 42 them -PRON- PRP 34823 284 43 pass pass VBP 34823 284 44 and and CC 34823 284 45 change change VBP 34823 284 46 . . . 34823 285 1 Their -PRON- PRP$ 34823 285 2 Life life NN 34823 285 3 seems seem VBZ 34823 285 4 an an DT 34823 285 5 independent independent JJ 34823 285 6 life life NN 34823 285 7 , , , 34823 285 8 and and CC 34823 285 9 the the DT 34823 285 10 individual individual NN 34823 285 11 who who WP 34823 285 12 tries try VBZ 34823 285 13 to to TO 34823 285 14 change change VB 34823 285 15 their -PRON- PRP$ 34823 285 16 course course NN 34823 285 17 finds find VBZ 34823 285 18 that that IN 34823 285 19 his -PRON- PRP$ 34823 285 20 efforts effort NNS 34823 285 21 mean mean VBP 34823 285 22 little little JJ 34823 285 23 indeed indeed RB 34823 285 24 , , , 34823 285 25 as as IN 34823 285 26 a a DT 34823 285 27 rule rule NN 34823 285 28 . . . 34823 286 1 There there EX 34823 286 2 is be VBZ 34823 286 3 a a DT 34823 286 4 realm realm NN 34823 286 5 of of IN 34823 286 6 Social Social NNP 34823 286 7 Objectivity Objectivity NNP 34823 286 8 , , , 34823 286 9 a a DT 34823 286 10 realm realm NN 34823 286 11 of of IN 34823 286 12 organization organization NN 34823 286 13 , , , 34823 286 14 activity activity NN 34823 286 15 , , , 34823 286 16 purpose purpose NN 34823 286 17 and and CC 34823 286 18 power power NN 34823 286 19 , , , 34823 286 20 not not RB 34823 286 21 physical physical JJ 34823 286 22 in in IN 34823 286 23 character character NN 34823 286 24 , , , 34823 286 25 not not RB 34823 286 26 mechanical mechanical JJ 34823 286 27 in in IN 34823 286 28 nature nature NN 34823 286 29 , , , 34823 286 30 which which WDT 34823 286 31 is be VBZ 34823 286 32 set set VBN 34823 286 33 in in IN 34823 286 34 opposition opposition NN 34823 286 35 to to IN 34823 286 36 individual individual JJ 34823 286 37 will will NN 34823 286 38 , , , 34823 286 39 purpose purpose NN 34823 286 40 , , , 34823 286 41 power power NN 34823 286 42 , , , 34823 286 43 and and CC 34823 286 44 activity activity NN 34823 286 45 . . . 34823 287 1 How how WRB 34823 287 2 is be VBZ 34823 287 3 the the DT 34823 287 4 individual individual NN 34823 287 5 related relate VBN 34823 287 6 to to IN 34823 287 7 this this DT 34823 287 8 objective objective JJ 34823 287 9 social social JJ 34823 287 10 world world NN 34823 287 11 ? ? . 34823 288 1 Three three CD 34823 288 2 main main JJ 34823 288 3 types type NNS 34823 288 4 of of IN 34823 288 5 theory theory NN 34823 288 6 have have VBP 34823 288 7 sought seek VBN 34823 288 8 to to TO 34823 288 9 answer answer VB 34823 288 10 this this DT 34823 288 11 question question NN 34823 288 12 . . . 34823 289 1 On on IN 34823 289 2 the the DT 34823 289 3 one one CD 34823 289 4 hand hand NN 34823 289 5 , , , 34823 289 6 there there EX 34823 289 7 is be VBZ 34823 289 8 a a DT 34823 289 9 type type NN 34823 289 10 of of IN 34823 289 11 theory theory NN 34823 289 12 , , , 34823 289 13 doubtless doubtless RB 34823 289 14 the the DT 34823 289 15 oldest old JJS 34823 289 16 type type NN 34823 289 17 , , , 34823 289 18 a a DT 34823 289 19 type type NN 34823 289 20 which which WDT 34823 289 21 arises arise VBZ 34823 289 22 easily easily RB 34823 289 23 in in IN 34823 289 24 a a DT 34823 289 25 period period NN 34823 289 26 when when WRB 34823 289 27 social social JJ 34823 289 28 changes change NNS 34823 289 29 are be VBP 34823 289 30 slow slow JJ 34823 289 31 , , , 34823 289 32 which which WDT 34823 289 33 sees see VBZ 34823 289 34 in in IN 34823 289 35 the the DT 34823 289 36 objective objective JJ 34823 289 37 social social JJ 34823 289 38 world world NN 34823 289 39 something something NN 34823 289 40 really really RB 34823 289 41 separate separate JJ 34823 289 42 and and CC 34823 289 43 distinct distinct JJ 34823 289 44 from from IN 34823 289 45 individual individual JJ 34823 289 46 life life NN 34823 289 47 , , , 34823 289 48 having have VBG 34823 289 49 a a DT 34823 289 50 non non JJ 34823 289 51 - - JJ 34823 289 52 human human JJ 34823 289 53 origin origin NN 34823 289 54 , , , 34823 289 55 and and CC 34823 289 56 deriving derive VBG 34823 289 57 its -PRON- PRP$ 34823 289 58 power power NN 34823 289 59 from from IN 34823 289 60 something something NN 34823 289 61 other other JJ 34823 289 62 than than IN 34823 289 63 the the DT 34823 289 64 human human NN 34823 289 65 will will NN 34823 289 66 . . . 34823 290 1 On on IN 34823 290 2 the the DT 34823 290 3 other other JJ 34823 290 4 hand hand NN 34823 290 5 , , , 34823 290 6 there there EX 34823 290 7 is be VBZ 34823 290 8 an an DT 34823 290 9 extreme extreme JJ 34823 290 10 individualism individualism NN 34823 290 11 , , , 34823 290 12 which which WDT 34823 290 13 emphasizes emphasize VBZ 34823 290 14 individual individual JJ 34823 290 15 separateness separateness NN 34823 290 16 , , , 34823 290 17 which which WDT 34823 290 18 posits posit VBZ 34823 290 19 as as IN 34823 290 20 a a DT 34823 290 21 _ _ NNP 34823 290 22 datum datum NN 34823 290 23 _ _ NNP 34823 290 24 the the DT 34823 290 25 individuality individuality NN 34823 290 26 which which WDT 34823 290 27 we -PRON- PRP 34823 290 28 have have VBP 34823 290 29 seen see VBN 34823 290 30 to to TO 34823 290 31 be be VB 34823 290 32 a a DT 34823 290 33 social social JJ 34823 290 34 product product NN 34823 290 35 , , , 34823 290 36 and and CC 34823 290 37 thinks think VBZ 34823 290 38 of of IN 34823 290 39 the the DT 34823 290 40 objective objective JJ 34823 290 41 social social JJ 34823 290 42 realm realm NN 34823 290 43 as as IN 34823 290 44 a a DT 34823 290 45 mere mere JJ 34823 290 46 mechanical mechanical JJ 34823 290 47 , , , 34823 290 48 mathematical mathematical JJ 34823 290 49 summing sum VBG 34823 290 50 up up RP 34823 290 51 of of IN 34823 290 52 individual individual JJ 34823 290 53 factors factor NNS 34823 290 54 , , , 34823 290 55 or or CC 34823 290 56 as as IN 34823 290 57 a a DT 34823 290 58 something something NN 34823 290 59 which which WDT 34823 290 60 individuals individual NNS 34823 290 61 have have VBP 34823 290 62 consciously consciously RB 34823 290 63 made make VBN 34823 290 64 , , , 34823 290 65 by by IN 34823 290 66 contract contract NN 34823 290 67 or or CC 34823 290 68 agreement agreement NN 34823 290 69 , , , 34823 290 70 or or CC 34823 290 71 what what WP 34823 290 72 not not RB 34823 290 73 . . . 34823 291 1 Finally finally RB 34823 291 2 , , , 34823 291 3 there there EX 34823 291 4 is be VBZ 34823 291 5 a a DT 34823 291 6 type type NN 34823 291 7 of of IN 34823 291 8 theory theory NN 34823 291 9 , , , 34823 291 10 to to TO 34823 291 11 which which WDT 34823 291 12 the the DT 34823 291 13 present present JJ 34823 291 14 writer writer NN 34823 291 15 would would MD 34823 291 16 adhere adhere VB 34823 291 17 , , , 34823 291 18 which which WDT 34823 291 19 finds find VBZ 34823 291 20 a a DT 34823 291 21 false false JJ 34823 291 22 antithesis antithesis NN 34823 291 23 in in IN 34823 291 24 the the DT 34823 291 25 contrast contrast NN 34823 291 26 thus thus RB 34823 291 27 sharply sharply RB 34823 291 28 made make VBN 34823 291 29 between between IN 34823 291 30 society society NN 34823 291 31 and and CC 34823 291 32 individual individual NN 34823 291 33 , , , 34823 291 34 which which WDT 34823 291 35 holds hold VBZ 34823 291 36 that that IN 34823 291 37 the the DT 34823 291 38 individual individual NN 34823 291 39 is be VBZ 34823 291 40 not not RB 34823 291 41 , , , 34823 291 42 in in IN 34823 291 43 his -PRON- PRP$ 34823 291 44 psychological psychological JJ 34823 291 45 activity activity NN 34823 291 46 , , , 34823 291 47 so so RB 34823 291 48 much much RB 34823 291 49 set set VBN 34823 291 50 off off RP 34823 291 51 from from IN 34823 291 52 the the DT 34823 291 53 activities activity NNS 34823 291 54 of of IN 34823 291 55 his -PRON- PRP$ 34823 291 56 fellows fellow NNS 34823 291 57 as as IN 34823 291 58 the the DT 34823 291 59 contrast contrast NN 34823 291 60 would would MD 34823 291 61 indicate indicate VB 34823 291 62 , , , 34823 291 63 but but CC 34823 291 64 rather rather RB 34823 291 65 shares share NNS 34823 291 66 in in IN 34823 291 67 the the DT 34823 291 68 give give NN 34823 291 69 and and CC 34823 291 70 take take VB 34823 291 71 of of IN 34823 291 72 a a DT 34823 291 73 larger large JJR 34823 291 74 mental mental JJ 34823 291 75 life life NN 34823 291 76 . . . 34823 292 1 This this DT 34823 292 2 larger large JJR 34823 292 3 mental mental JJ 34823 292 4 life life NN 34823 292 5 is be VBZ 34823 292 6 completely completely RB 34823 292 7 accounted account VBN 34823 292 8 for for IN 34823 292 9 when when WRB 34823 292 10 all all PDT 34823 292 11 the the DT 34823 292 12 individuals individual NNS 34823 292 13 are be VBP 34823 292 14 completely completely RB 34823 292 15 accounted account VBN 34823 292 16 for for IN 34823 292 17 , , , 34823 292 18 but but CC 34823 292 19 it -PRON- PRP 34823 292 20 can can MD 34823 292 21 not not RB 34823 292 22 be be VB 34823 292 23 accounted account VBN 34823 292 24 for for IN 34823 292 25 by by IN 34823 292 26 considering consider VBG 34823 292 27 the the DT 34823 292 28 individuals individual NNS 34823 292 29 _ _ NNP 34823 292 30 separately separately RB 34823 292 31 _ _ NNP 34823 292 32 . . . 34823 293 1 No no DT 34823 293 2 individual individual NN 34823 293 3 is be VBZ 34823 293 4 completely completely RB 34823 293 5 , , , 34823 293 6 or or CC 34823 293 7 primarily primarily RB 34823 293 8 , , , 34823 293 9 accounted account VBD 34823 293 10 for for IN 34823 293 11 until until IN 34823 293 12 his -PRON- PRP$ 34823 293 13 _ _ NNP 34823 293 14 relations relation NNS 34823 293 15 _ _ NNP 34823 293 16 to to IN 34823 293 17 the the DT 34823 293 18 rest rest NN 34823 293 19 of of IN 34823 293 20 the the DT 34823 293 21 group group NN 34823 293 22 are be VBP 34823 293 23 analyzed analyze VBN 34823 293 24 . . . 34823 294 1 Thinkers thinker NNS 34823 294 2 who who WP 34823 294 3 start start VBP 34823 294 4 out out RP 34823 294 5 with with IN 34823 294 6 the the DT 34823 294 7 individuals individual NNS 34823 294 8 separately separately RB 34823 294 9 conceived conceive VBD 34823 294 10 , , , 34823 294 11 and and CC 34823 294 12 then then RB 34823 294 13 seek seek VB 34823 294 14 to to TO 34823 294 15 combine combine VB 34823 294 16 them -PRON- PRP 34823 294 17 in in IN 34823 294 18 some some DT 34823 294 19 arithmetical arithmetical JJ 34823 294 20 way way NN 34823 294 21 , , , 34823 294 22 abstract abstract JJ 34823 294 23 from from IN 34823 294 24 those those DT 34823 294 25 organic organic JJ 34823 294 26 social social JJ 34823 294 27 relations relation NNS 34823 294 28 which which WDT 34823 294 29 constitute constitute VBP 34823 294 30 the the DT 34823 294 31 very very JJ 34823 294 32 heart heart NN 34823 294 33 of of IN 34823 294 34 the the DT 34823 294 35 phenomenon phenomenon NN 34823 294 36 we -PRON- PRP 34823 294 37 are be VBP 34823 294 38 seeking seek VBG 34823 294 39 to to TO 34823 294 40 explain explain VB 34823 294 41 . . . 34823 295 1 The the DT 34823 295 2 parts part NNS 34823 295 3 are be VBP 34823 295 4 in in IN 34823 295 5 the the DT 34823 295 6 whole whole NN 34823 295 7 , , , 34823 295 8 but but CC 34823 295 9 the the DT 34823 295 10 whole whole NN 34823 295 11 is be VBZ 34823 295 12 not not RB 34823 295 13 the the DT 34823 295 14 _ _ NNP 34823 295 15 sum sum NN 34823 295 16 _ _ NNP 34823 295 17 of of IN 34823 295 18 the the DT 34823 295 19 parts part NNS 34823 295 20 . . . 34823 296 1 The the DT 34823 296 2 relationships relationship NNS 34823 296 3 are be VBP 34823 296 4 not not RB 34823 296 5 arithmetical arithmetical JJ 34823 296 6 , , , 34823 296 7 additive additive JJ 34823 296 8 , , , 34823 296 9 mechanical mechanical JJ 34823 296 10 , , , 34823 296 11 but but CC 34823 296 12 are be VBP 34823 296 13 vital vital JJ 34823 296 14 and and CC 34823 296 15 organic organic JJ 34823 296 16 . . . 34823 297 1 Men man NNS 34823 297 2 's 's POS 34823 297 3 minds mind NNS 34823 297 4 _ _ NNP 34823 297 5 function function NN 34823 297 6 _ _ NNP 34823 297 7 together together RB 34823 297 8 , , , 34823 297 9 in in IN 34823 297 10 an an DT 34823 297 11 organic organic JJ 34823 297 12 unity unity NN 34823 297 13 . . . 34823 298 1 [ [ -LRB- 34823 298 2 25 25 CD 34823 298 3 ] ] -RRB- 34823 298 4 The the DT 34823 298 5 first first JJ 34823 298 6 two two CD 34823 298 7 of of IN 34823 298 8 these these DT 34823 298 9 types type NNS 34823 298 10 of of IN 34823 298 11 theory theory NN 34823 298 12 ( ( -LRB- 34823 298 13 perhaps perhaps RB 34823 298 14 because because IN 34823 298 15 individuals individual NNS 34823 298 16 are be VBP 34823 298 17 _ _ NNP 34823 298 18 physically physically RB 34823 298 19 _ _ NNP 34823 298 20 sharply sharply RB 34823 298 21 marked mark VBD 34823 298 22 off off RP 34823 298 23 from from IN 34823 298 24 one one CD 34823 298 25 another another DT 34823 298 26 , , , 34823 298 27 and and CC 34823 298 28 go go VB 34823 298 29 on on RP 34823 298 30 in in IN 34823 298 31 _ _ NNP 34823 298 32 biological biological JJ 34823 298 33 _ _ NNP 34823 298 34 functioning function VBG 34823 298 35 in in IN 34823 298 36 obvious obvious JJ 34823 298 37 separateness separateness NN 34823 298 38 ) ) -RRB- 34823 298 39 have have VBP 34823 298 40 falsely falsely RB 34823 298 41 accentuated accentuate VBN 34823 298 42 the the DT 34823 298 43 self self NN 34823 298 44 - - HYPH 34823 298 45 dependence dependence NN 34823 298 46 and and CC 34823 298 47 separateness separateness NN 34823 298 48 of of IN 34823 298 49 individual individual JJ 34823 298 50 _ _ NNP 34823 298 51 minds mind NNS 34823 298 52 _ _ NNP 34823 298 53 . . . 34823 299 1 The the DT 34823 299 2 second second JJ 34823 299 3 type type NN 34823 299 4 of of IN 34823 299 5 theory theory NN 34823 299 6 , , , 34823 299 7 which which WDT 34823 299 8 has have VBZ 34823 299 9 sought seek VBN 34823 299 10 to to TO 34823 299 11 work work VB 34823 299 12 out out RP 34823 299 13 the the DT 34823 299 14 whole whole JJ 34823 299 15 thing thing NN 34823 299 16 on on IN 34823 299 17 the the DT 34823 299 18 basis basis NN 34823 299 19 of of IN 34823 299 20 this this DT 34823 299 21 false false JJ 34823 299 22 conception conception NN 34823 299 23 of of IN 34823 299 24 the the DT 34823 299 25 individual individual NN 34823 299 26 , , , 34823 299 27 has have VBZ 34823 299 28 largely largely RB 34823 299 29 failed fail VBN 34823 299 30 to to TO 34823 299 31 see see VB 34823 299 32 the the DT 34823 299 33 objective objective JJ 34823 299 34 social social JJ 34823 299 35 realities reality NNS 34823 299 36 , , , 34823 299 37 or or CC 34823 299 38 has have VBZ 34823 299 39 , , , 34823 299 40 with with IN 34823 299 41 methodological methodological JJ 34823 299 42 rigor rigor NN 34823 299 43 , , , 34823 299 44 denied deny VBD 34823 299 45 their -PRON- PRP$ 34823 299 46 existence existence NN 34823 299 47 . . . 34823 300 1 This this DT 34823 300 2 second second JJ 34823 300 3 type type NN 34823 300 4 of of IN 34823 300 5 thinking thinking NN 34823 300 6 has have VBZ 34823 300 7 especially especially RB 34823 300 8 characterized characterize VBN 34823 300 9 a a DT 34823 300 10 good good JJ 34823 300 11 deal deal NN 34823 300 12 of of IN 34823 300 13 economic economic JJ 34823 300 14 theory theory NN 34823 300 15 , , , 34823 300 16 which which WDT 34823 300 17 rests rest VBZ 34823 300 18 on on IN 34823 300 19 the the DT 34823 300 20 philosophy philosophy NN 34823 300 21 and and CC 34823 300 22 psychology psychology NN 34823 300 23 of of IN 34823 300 24 David David NNP 34823 300 25 Hume Hume NNP 34823 300 26 . . . 34823 301 1 [ [ -LRB- 34823 301 2 26 26 CD 34823 301 3 ] ] -RRB- 34823 301 4 We -PRON- PRP 34823 301 5 will will MD 34823 301 6 set set VB 34823 301 7 our -PRON- PRP$ 34823 301 8 doctrine doctrine NN 34823 301 9 in in IN 34823 301 10 clearer clear JJR 34823 301 11 light light NN 34823 301 12 if if IN 34823 301 13 we -PRON- PRP 34823 301 14 contrast contrast VBP 34823 301 15 three three CD 34823 301 16 parallel parallel JJ 34823 301 17 types type NNS 34823 301 18 of of IN 34823 301 19 theory theory NN 34823 301 20 which which WDT 34823 301 21 have have VBP 34823 301 22 appeared appear VBN 34823 301 23 with with IN 34823 301 24 reference reference NN 34823 301 25 to to IN 34823 301 26 the the DT 34823 301 27 nature nature NN 34823 301 28 of of IN 34823 301 29 morality morality NN 34823 301 30 , , , 34823 301 31 of of IN 34823 301 32 law law NN 34823 301 33 , , , 34823 301 34 and and CC 34823 301 35 of of IN 34823 301 36 economic economic JJ 34823 301 37 value value NN 34823 301 38 . . . 34823 302 1 For for IN 34823 302 2 each each DT 34823 302 3 of of IN 34823 302 4 these these DT 34823 302 5 phenomena phenomenon NNS 34823 302 6 , , , 34823 302 7 we -PRON- PRP 34823 302 8 have have VBP 34823 302 9 theories theory NNS 34823 302 10 which which WDT 34823 302 11 represent represent VBP 34823 302 12 all all DT 34823 302 13 three three CD 34823 302 14 of of IN 34823 302 15 the the DT 34823 302 16 types type NNS 34823 302 17 of of IN 34823 302 18 social social JJ 34823 302 19 thinking thinking NN 34823 302 20 to to TO 34823 302 21 which which WDT 34823 302 22 we -PRON- PRP 34823 302 23 have have VBP 34823 302 24 referred refer VBN 34823 302 25 . . . 34823 303 1 In in IN 34823 303 2 the the DT 34823 303 3 theory theory NN 34823 303 4 of of IN 34823 303 5 morals moral NNS 34823 303 6 , , , 34823 303 7 we -PRON- PRP 34823 303 8 have have VBP 34823 303 9 , , , 34823 303 10 at at IN 34823 303 11 one one CD 34823 303 12 extreme extreme NN 34823 303 13 , , , 34823 303 14 doctrines doctrine NNS 34823 303 15 like like IN 34823 303 16 those those DT 34823 303 17 of of IN 34823 303 18 Kant Kant NNP 34823 303 19 and and CC 34823 303 20 Fichte Fichte NNP 34823 303 21 , , , 34823 303 22 according accord VBG 34823 303 23 to to IN 34823 303 24 whom whom WP 34823 303 25 morality morality NN 34823 303 26 is be VBZ 34823 303 27 a a DT 34823 303 28 matter matter NN 34823 303 29 of of IN 34823 303 30 obligation obligation NN 34823 303 31 , , , 34823 303 32 independent independent JJ 34823 303 33 of of IN 34823 303 34 the the DT 34823 303 35 human human NN 34823 303 36 will will NN 34823 303 37 , , , 34823 303 38 independent independent JJ 34823 303 39 of of IN 34823 303 40 consequences consequence NNS 34823 303 41 , , , 34823 303 42 inherent inherent JJ 34823 303 43 in in IN 34823 303 44 the the DT 34823 303 45 nature nature NN 34823 303 46 of of IN 34823 303 47 things thing NNS 34823 303 48 . . . 34823 304 1 Man man NN 34823 304 2 's 's POS 34823 304 3 mind mind NN 34823 304 4 can can MD 34823 304 5 find find VB 34823 304 6 out out RP 34823 304 7 what what WP 34823 304 8 the the DT 34823 304 9 moral moral JJ 34823 304 10 law law NN 34823 304 11 is be VBZ 34823 304 12 , , , 34823 304 13 but but CC 34823 304 14 man man NN 34823 304 15 's 's POS 34823 304 16 mind mind NN 34823 304 17 has have VBZ 34823 304 18 nothing nothing NN 34823 304 19 to to TO 34823 304 20 do do VB 34823 304 21 with with IN 34823 304 22 the the DT 34823 304 23 making making NN 34823 304 24 of of IN 34823 304 25 the the DT 34823 304 26 moral moral JJ 34823 304 27 law law NN 34823 304 28 . . . 34823 305 1 The the DT 34823 305 2 same same JJ 34823 305 3 notion notion NN 34823 305 4 is be VBZ 34823 305 5 involved involve VBN 34823 305 6 in in IN 34823 305 7 the the DT 34823 305 8 ideas idea NNS 34823 305 9 of of IN 34823 305 10 " " `` 34823 305 11 natural natural JJ 34823 305 12 rights right NNS 34823 305 13 , , , 34823 305 14 " " '' 34823 305 15 " " `` 34823 305 16 justice justice NN 34823 305 17 though though IN 34823 305 18 the the DT 34823 305 19 heavens heavens NNPS 34823 305 20 fall fall VBP 34823 305 21 , , , 34823 305 22 " " '' 34823 305 23 and and CC 34823 305 24 the the DT 34823 305 25 like like JJ 34823 305 26 . . . 34823 306 1 The the DT 34823 306 2 conception conception NN 34823 306 3 is be VBZ 34823 306 4 strikingly strikingly RB 34823 306 5 brought bring VBN 34823 306 6 out out RP 34823 306 7 in in IN 34823 306 8 the the DT 34823 306 9 question question NN 34823 306 10 about about IN 34823 306 11 which which WDT 34823 306 12 old old JJ 34823 306 13 theologians theologian NNS 34823 306 14 sometimes sometimes RB 34823 306 15 debated debate VBN 34823 306 16 : : : 34823 306 17 is be VBZ 34823 306 18 Right right RB 34823 306 19 right right UH 34823 306 20 because because IN 34823 306 21 God God NNP 34823 306 22 enjoins enjoin VBZ 34823 306 23 it -PRON- PRP 34823 306 24 , , , 34823 306 25 or or CC 34823 306 26 does do VBZ 34823 306 27 God God NNP 34823 306 28 enjoin enjoin VB 34823 306 29 Right right UH 34823 306 30 because because IN 34823 306 31 it -PRON- PRP 34823 306 32 is be VBZ 34823 306 33 Right right JJ 34823 306 34 ? ? . 34823 307 1 Whether whether IN 34823 307 2 or or CC 34823 307 3 not not RB 34823 307 4 Right right JJ 34823 307 5 is be VBZ 34823 307 6 supreme supreme JJ 34823 307 7 over over IN 34823 307 8 God God NNP 34823 307 9 , , , 34823 307 10 these these DT 34823 307 11 old old JJ 34823 307 12 theologians theologian NNS 34823 307 13 never never RB 34823 307 14 questioned question VBD 34823 307 15 that that IN 34823 307 16 Right right UH 34823 307 17 is be VBZ 34823 307 18 supreme supreme RB 34823 307 19 over over IN 34823 307 20 all all DT 34823 307 21 human human JJ 34823 307 22 wishes wish NNS 34823 307 23 and and CC 34823 307 24 desires desire NNS 34823 307 25 , , , 34823 307 26 and and CC 34823 307 27 in in IN 34823 307 28 no no DT 34823 307 29 sense sense NN 34823 307 30 an an DT 34823 307 31 outcome outcome NN 34823 307 32 of of IN 34823 307 33 them -PRON- PRP 34823 307 34 . . . 34823 308 1 At at IN 34823 308 2 the the DT 34823 308 3 other other JJ 34823 308 4 extreme extreme NN 34823 308 5 , , , 34823 308 6 we -PRON- PRP 34823 308 7 have have VBP 34823 308 8 the the DT 34823 308 9 moral moral JJ 34823 308 10 doctrine doctrine NN 34823 308 11 of of IN 34823 308 12 the the DT 34823 308 13 Sophists Sophists NNPS 34823 308 14 , , , 34823 308 15 for for IN 34823 308 16 whom whom WP 34823 308 17 each each DT 34823 308 18 man man NN 34823 308 19 's 's POS 34823 308 20 _ _ NNP 34823 308 21 will will MD 34823 308 22 _ _ NNP 34823 308 23 was be VBD 34823 308 24 right right JJ 34823 308 25 for for IN 34823 308 26 him -PRON- PRP 34823 308 27 -- -- : 34823 308 28 a a DT 34823 308 29 doctrine doctrine NN 34823 308 30 which which WDT 34823 308 31 reappears reappear VBZ 34823 308 32 in in IN 34823 308 33 every every DT 34823 308 34 individualistic individualistic JJ 34823 308 35 and and CC 34823 308 36 anarchistic anarchistic JJ 34823 308 37 age age NN 34823 308 38 . . . 34823 309 1 For for IN 34823 309 2 this this DT 34823 309 3 doctrine doctrine NN 34823 309 4 , , , 34823 309 5 there there EX 34823 309 6 are be VBP 34823 309 7 no no DT 34823 309 8 valid valid JJ 34823 309 9 social social JJ 34823 309 10 standards standard NNS 34823 309 11 of of IN 34823 309 12 right right NN 34823 309 13 and and CC 34823 309 14 wrong wrong NN 34823 309 15 . . . 34823 310 1 There there EX 34823 310 2 is be VBZ 34823 310 3 nothing nothing NN 34823 310 4 binding bind VBG 34823 310 5 on on IN 34823 310 6 the the DT 34823 310 7 moral moral JJ 34823 310 8 agent agent NN 34823 310 9 but but CC 34823 310 10 his -PRON- PRP$ 34823 310 11 own own JJ 34823 310 12 will will NN 34823 310 13 . . . 34823 311 1 In in IN 34823 311 2 between between IN 34823 311 3 , , , 34823 311 4 is be VBZ 34823 311 5 the the DT 34823 311 6 moral moral JJ 34823 311 7 doctrine doctrine NN 34823 311 8 of of IN 34823 311 9 such such JJ 34823 311 10 thinkers thinker NNS 34823 311 11 as as IN 34823 311 12 Friedrich Friedrich NNP 34823 311 13 Paulsen Paulsen NNP 34823 311 14 , , , 34823 311 15 or or CC 34823 311 16 John John NNP 34823 311 17 Dewey Dewey NNP 34823 311 18 , , , 34823 311 19 who who WP 34823 311 20 represent represent VBP 34823 311 21 the the DT 34823 311 22 reigning reign VBG 34823 311 23 type type NN 34823 311 24 of of IN 34823 311 25 moral moral JJ 34823 311 26 theory theory NN 34823 311 27 to to IN 34823 311 28 - - HYPH 34823 311 29 day day NN 34823 311 30 . . . 34823 312 1 For for IN 34823 312 2 them -PRON- PRP 34823 312 3 , , , 34823 312 4 morality morality NN 34823 312 5 is be VBZ 34823 312 6 a a DT 34823 312 7 purely purely RB 34823 312 8 human human JJ 34823 312 9 matter matter NN 34823 312 10 . . . 34823 313 1 It -PRON- PRP 34823 313 2 grows grow VBZ 34823 313 3 out out IN 34823 313 4 of of IN 34823 313 5 the the DT 34823 313 6 needs need NNS 34823 313 7 and and CC 34823 313 8 interests interest NNS 34823 313 9 of of IN 34823 313 10 men man NNS 34823 313 11 . . . 34823 314 1 What what WP 34823 314 2 is be VBZ 34823 314 3 good good JJ 34823 314 4 at at IN 34823 314 5 one one CD 34823 314 6 time time NN 34823 314 7 and and CC 34823 314 8 place place NN 34823 314 9 is be VBZ 34823 314 10 not not RB 34823 314 11 necessarily necessarily RB 34823 314 12 good good JJ 34823 314 13 at at IN 34823 314 14 another another DT 34823 314 15 time time NN 34823 314 16 and and CC 34823 314 17 place place NN 34823 314 18 . . . 34823 315 1 There there EX 34823 315 2 are be VBP 34823 315 3 no no DT 34823 315 4 immutable immutable JJ 34823 315 5 moral moral JJ 34823 315 6 principles principle NNS 34823 315 7 , , , 34823 315 8 valid valid JJ 34823 315 9 throughout throughout IN 34823 315 10 the the DT 34823 315 11 ages age NNS 34823 315 12 . . . 34823 316 1 None none NN 34823 316 2 the the DT 34823 316 3 less less RBR 34823 316 4 , , , 34823 316 5 morality morality NN 34823 316 6 is be VBZ 34823 316 7 not not RB 34823 316 8 a a DT 34823 316 9 private private JJ 34823 316 10 matter matter NN 34823 316 11 , , , 34823 316 12 about about IN 34823 316 13 which which WDT 34823 316 14 men man NNS 34823 316 15 may may MD 34823 316 16 do do VB 34823 316 17 as as IN 34823 316 18 they -PRON- PRP 34823 316 19 please please VBP 34823 316 20 . . . 34823 317 1 Morality morality NN 34823 317 2 is be VBZ 34823 317 3 the the DT 34823 317 4 product product NN 34823 317 5 of of IN 34823 317 6 an an DT 34823 317 7 organic organic JJ 34823 317 8 society society NN 34823 317 9 , , , 34823 317 10 the the DT 34823 317 11 product product NN 34823 317 12 of of IN 34823 317 13 the the DT 34823 317 14 interplay interplay NN 34823 317 15 of of IN 34823 317 16 many many JJ 34823 317 17 minds mind NNS 34823 317 18 . . . 34823 318 1 To to IN 34823 318 2 a a DT 34823 318 3 given give VBN 34823 318 4 individual individual NN 34823 318 5 , , , 34823 318 6 the the DT 34823 318 7 moral moral JJ 34823 318 8 law law NN 34823 318 9 is be VBZ 34823 318 10 , , , 34823 318 11 indeed indeed RB 34823 318 12 , , , 34823 318 13 an an DT 34823 318 14 external external JJ 34823 318 15 constraining constraining JJ 34823 318 16 and and CC 34823 318 17 impelling impelling JJ 34823 318 18 force force NN 34823 318 19 . . . 34823 319 1 It -PRON- PRP 34823 319 2 is be VBZ 34823 319 3 the the DT 34823 319 4 will will NN 34823 319 5 of of IN 34823 319 6 the the DT 34823 319 7 rest rest NN 34823 319 8 of of IN 34823 319 9 the the DT 34823 319 10 group group NN 34823 319 11 . . . 34823 320 1 It -PRON- PRP 34823 320 2 may may MD 34823 320 3 be be VB 34823 320 4 his -PRON- PRP$ 34823 320 5 own own JJ 34823 320 6 will will NN 34823 320 7 too too RB 34823 320 8 , , , 34823 320 9 but but CC 34823 320 10 if if IN 34823 320 11 it -PRON- PRP 34823 320 12 is be VBZ 34823 320 13 not not RB 34823 320 14 , , , 34823 320 15 it -PRON- PRP 34823 320 16 overrides override VBZ 34823 320 17 his -PRON- PRP$ 34823 320 18 personal personal JJ 34823 320 19 preference preference NN 34823 320 20 , , , 34823 320 21 He -PRON- PRP 34823 320 22 , , , 34823 320 23 on on IN 34823 320 24 the the DT 34823 320 25 other other JJ 34823 320 26 hand hand NN 34823 320 27 , , , 34823 320 28 is be VBZ 34823 320 29 part part NN 34823 320 30 of of IN 34823 320 31 the the DT 34823 320 32 group group NN 34823 320 33 which which WDT 34823 320 34 constrains constrain VBZ 34823 320 35 and and CC 34823 320 36 guides guide VBZ 34823 320 37 every every DT 34823 320 38 other other JJ 34823 320 39 individual individual NN 34823 320 40 . . . 34823 321 1 There there EX 34823 321 2 are be VBP 34823 321 3 , , , 34823 321 4 in in IN 34823 321 5 fact fact NN 34823 321 6 , , , 34823 321 7 many many JJ 34823 321 8 sets set NNS 34823 321 9 of of IN 34823 321 10 moral moral JJ 34823 321 11 values value NNS 34823 321 12 : : : 34823 321 13 on on IN 34823 321 14 the the DT 34823 321 15 one one CD 34823 321 16 hand hand NN 34823 321 17 , , , 34823 321 18 the the DT 34823 321 19 social social JJ 34823 321 20 moral moral JJ 34823 321 21 values value NNS 34823 321 22 _ _ NNP 34823 321 23 par par NN 34823 321 24 excellence excellence NN 34823 321 25 _ _ NNP 34823 321 26 , , , 34823 321 27 which which WDT 34823 321 28 the the DT 34823 321 29 group group NN 34823 321 30 will will MD 34823 321 31 _ _ NNP 34823 321 32 enforce enforce VB 34823 321 33 _ _ NNP 34823 321 34 in in IN 34823 321 35 various various JJ 34823 321 36 ways way NNS 34823 321 37 ; ; : 34823 321 38 and and CC 34823 321 39 then then RB 34823 321 40 , , , 34823 321 41 for for IN 34823 321 42 each each DT 34823 321 43 individual individual NN 34823 321 44 , , , 34823 321 45 his -PRON- PRP$ 34823 321 46 own own JJ 34823 321 47 moral moral JJ 34823 321 48 values value NNS 34823 321 49 , , , 34823 321 50 which which WDT 34823 321 51 may may MD 34823 321 52 correspond correspond VB 34823 321 53 qualitatively qualitatively RB 34823 321 54 more more RBR 34823 321 55 or or CC 34823 321 56 less less RBR 34823 321 57 with with IN 34823 321 58 the the DT 34823 321 59 group group NN 34823 321 60 values value NNS 34823 321 61 , , , 34823 321 62 or or CC 34823 321 63 may may MD 34823 321 64 antagonize antagonize VB 34823 321 65 them -PRON- PRP 34823 321 66 . . . 34823 322 1 But but CC 34823 322 2 the the DT 34823 322 3 Moral Moral NNP 34823 322 4 Law Law NNP 34823 322 5 is be VBZ 34823 322 6 the the DT 34823 322 7 will will NN 34823 322 8 of of IN 34823 322 9 the the DT 34823 322 10 group group NN 34823 322 11 . . . 34823 323 1 It -PRON- PRP 34823 323 2 is be VBZ 34823 323 3 no no DT 34823 323 4 simple simple JJ 34823 323 5 composite composite NN 34823 323 6 of of IN 34823 323 7 the the DT 34823 323 8 moral moral JJ 34823 323 9 values value NNS 34823 323 10 of of IN 34823 323 11 individuals individual NNS 34823 323 12 . . . 34823 324 1 It -PRON- PRP 34823 324 2 has have VBZ 34823 324 3 its -PRON- PRP$ 34823 324 4 organic organic JJ 34823 324 5 interrelations interrelation NNS 34823 324 6 with with IN 34823 324 7 all all DT 34823 324 8 phases phase NNS 34823 324 9 of of IN 34823 324 10 social social JJ 34823 324 11 life life NN 34823 324 12 . . . 34823 325 1 Economic economic JJ 34823 325 2 changes change NNS 34823 325 3 modify modify VBP 34823 325 4 it -PRON- PRP 34823 325 5 , , , 34823 325 6 legal legal JJ 34823 325 7 changes change NNS 34823 325 8 modify modify VBP 34823 325 9 it -PRON- PRP 34823 325 10 , , , 34823 325 11 religious religious JJ 34823 325 12 values value NNS 34823 325 13 modify modify VBP 34823 325 14 it -PRON- PRP 34823 325 15 , , , 34823 325 16 all all DT 34823 325 17 phases phase NNS 34823 325 18 of of IN 34823 325 19 social social JJ 34823 325 20 life life NN 34823 325 21 are be VBP 34823 325 22 expressed express VBN 34823 325 23 in in IN 34823 325 24 it -PRON- PRP 34823 325 25 . . . 34823 326 1 In in IN 34823 326 2 legal legal JJ 34823 326 3 theory theory NN 34823 326 4 , , , 34823 326 5 we -PRON- PRP 34823 326 6 find find VBP 34823 326 7 these these DT 34823 326 8 three three CD 34823 326 9 types type NNS 34823 326 10 of of IN 34823 326 11 doctrine doctrine NN 34823 326 12 also also RB 34823 326 13 . . . 34823 327 1 The the DT 34823 327 2 first first JJ 34823 327 3 type type NN 34823 327 4 is be VBZ 34823 327 5 clearly clearly RB 34823 327 6 indicated indicate VBN 34823 327 7 in in IN 34823 327 8 the the DT 34823 327 9 general general JJ 34823 327 10 attitude attitude NN 34823 327 11 of of IN 34823 327 12 American american JJ 34823 327 13 and and CC 34823 327 14 English english JJ 34823 327 15 courts court NNS 34823 327 16 , , , 34823 327 17 especially especially RB 34823 327 18 toward toward IN 34823 327 19 the the DT 34823 327 20 common common JJ 34823 327 21 law law NN 34823 327 22 , , , 34823 327 23 though though IN 34823 327 24 it -PRON- PRP 34823 327 25 influences influence VBZ 34823 327 26 their -PRON- PRP$ 34823 327 27 interpretation interpretation NN 34823 327 28 of of IN 34823 327 29 all all DT 34823 327 30 law law NN 34823 327 31 . . . 34823 328 1 The the DT 34823 328 2 law law NN 34823 328 3 is be VBZ 34823 328 4 something something NN 34823 328 5 which which WDT 34823 328 6 the the DT 34823 328 7 mind mind NN 34823 328 8 of of IN 34823 328 9 man man NN 34823 328 10 may may MD 34823 328 11 find find VB 34823 328 12 out out RP 34823 328 13 , , , 34823 328 14 but but CC 34823 328 15 may may MD 34823 328 16 not not RB 34823 328 17 make make VB 34823 328 18 . . . 34823 329 1 If if IN 34823 329 2 a a DT 34823 329 3 new new JJ 34823 329 4 situation situation NN 34823 329 5 arises arise VBZ 34823 329 6 , , , 34823 329 7 the the DT 34823 329 8 court court NN 34823 329 9 " " `` 34823 329 10 finds find VBZ 34823 329 11 " " `` 34823 329 12 the the DT 34823 329 13 law law NN 34823 329 14 -- -- : 34823 329 15 in in IN 34823 329 16 theory theory NN 34823 329 17 the the DT 34823 329 18 principle principle NN 34823 329 19 " " `` 34823 329 20 discovered discover VBN 34823 329 21 " " '' 34823 329 22 by by IN 34823 329 23 the the DT 34823 329 24 court court NN 34823 329 25 was be VBD 34823 329 26 in in IN 34823 329 27 the the DT 34823 329 28 common common JJ 34823 329 29 law law NN 34823 329 30 at at IN 34823 329 31 the the DT 34823 329 32 beginning beginning NN 34823 329 33 . . . 34823 330 1 Of of RB 34823 330 2 course course RB 34823 330 3 , , , 34823 330 4 we -PRON- PRP 34823 330 5 know know VBP 34823 330 6 that that IN 34823 330 7 the the DT 34823 330 8 judge judge NN 34823 330 9 invents invent VBZ 34823 330 10 the the DT 34823 330 11 rule rule NN 34823 330 12 he -PRON- PRP 34823 330 13 makes make VBZ 34823 330 14 , , , 34823 330 15 to to TO 34823 330 16 fit fit VB 34823 330 17 a a DT 34823 330 18 novel novel JJ 34823 330 19 case case NN 34823 330 20 , , , 34823 330 21 but but CC 34823 330 22 the the DT 34823 330 23 judge judge NN 34823 330 24 himself -PRON- PRP 34823 330 25 will will MD 34823 330 26 not not RB 34823 330 27 admit admit VB 34823 330 28 it -PRON- PRP 34823 330 29 . . . 34823 331 1 The the DT 34823 331 2 theory theory NN 34823 331 3 of of IN 34823 331 4 the the DT 34823 331 5 law law NN 34823 331 6 and and CC 34823 331 7 the the DT 34823 331 8 theory theory NN 34823 331 9 of of IN 34823 331 10 morality morality NN 34823 331 11 have have VBP 34823 331 12 developed develop VBN 34823 331 13 in in IN 34823 331 14 close close JJ 34823 331 15 connection connection NN 34823 331 16 , , , 34823 331 17 and and CC 34823 331 18 the the DT 34823 331 19 notion notion NN 34823 331 20 of of IN 34823 331 21 " " `` 34823 331 22 natural natural JJ 34823 331 23 right right NN 34823 331 24 " " '' 34823 331 25 is be VBZ 34823 331 26 a a DT 34823 331 27 juristic juristic NN 34823 331 28 as as RB 34823 331 29 well well RB 34823 331 30 as as IN 34823 331 31 a a DT 34823 331 32 moral moral JJ 34823 331 33 idea idea NN 34823 331 34 . . . 34823 332 1 At at IN 34823 332 2 the the DT 34823 332 3 other other JJ 34823 332 4 extreme extreme NN 34823 332 5 , , , 34823 332 6 we -PRON- PRP 34823 332 7 have have VBP 34823 332 8 from from IN 34823 332 9 certain certain JJ 34823 332 10 recent recent JJ 34823 332 11 students student NNS 34823 332 12 of of IN 34823 332 13 law law NN 34823 332 14 the the DT 34823 332 15 doctrine doctrine NN 34823 332 16 that that IN 34823 332 17 " " `` 34823 332 18 The the DT 34823 332 19 Law Law NNP 34823 332 20 " " '' 34823 332 21 is be VBZ 34823 332 22 a a DT 34823 332 23 myth myth NN 34823 332 24 , , , 34823 332 25 that that IN 34823 332 26 there there EX 34823 332 27 is be VBZ 34823 332 28 nothing nothing NN 34823 332 29 but but IN 34823 332 30 the the DT 34823 332 31 particular particular JJ 34823 332 32 opinion opinion NN 34823 332 33 of of IN 34823 332 34 a a DT 34823 332 35 particular particular JJ 34823 332 36 judge judge NN 34823 332 37 at at IN 34823 332 38 a a DT 34823 332 39 particular particular JJ 34823 332 40 time time NN 34823 332 41 . . . 34823 333 1 Individualism individualism NN 34823 333 2 can can MD 34823 333 3 not not RB 34823 333 4 go go VB 34823 333 5 so so RB 34823 333 6 far far RB 34823 333 7 in in IN 34823 333 8 legal legal JJ 34823 333 9 theory theory NN 34823 333 10 as as IN 34823 333 11 to to TO 34823 333 12 give give VB 34823 333 13 every every DT 34823 333 14 individual individual NN 34823 333 15 in in IN 34823 333 16 society society NN 34823 333 17 a a DT 34823 333 18 chance chance NN 34823 333 19 to to TO 34823 333 20 put put VB 34823 333 21 his -PRON- PRP$ 34823 333 22 oar oar NN 34823 333 23 in in RP 34823 333 24 , , , 34823 333 25 and and CC 34823 333 26 have have VBP 34823 333 27 a a DT 34823 333 28 separate separate JJ 34823 333 29 law law NN 34823 333 30 for for IN 34823 333 31 himself -PRON- PRP 34823 333 32 ! ! . 34823 334 1 The the DT 34823 334 2 social social JJ 34823 334 3 and and CC 34823 334 4 institutional institutional JJ 34823 334 5 character character NN 34823 334 6 of of IN 34823 334 7 law law NN 34823 334 8 is be VBZ 34823 334 9 too too RB 34823 334 10 obvious obvious JJ 34823 334 11 to to TO 34823 334 12 permit permit VB 34823 334 13 that that DT 34823 334 14 . . . 34823 335 1 But but CC 34823 335 2 individualism individualism NN 34823 335 3 has have VBZ 34823 335 4 gone go VBN 34823 335 5 so so RB 34823 335 6 far far RB 34823 335 7 in in IN 34823 335 8 legal legal JJ 34823 335 9 theory theory NN 34823 335 10 as as IN 34823 335 11 to to TO 34823 335 12 deny deny VB 34823 335 13 all all DT 34823 335 14 objectivity objectivity NN 34823 335 15 to to TO 34823 335 16 law law VB 34823 335 17 except except IN 34823 335 18 in in IN 34823 335 19 a a DT 34823 335 20 given give VBN 34823 335 21 decision decision NN 34823 335 22 in in IN 34823 335 23 a a DT 34823 335 24 particular particular JJ 34823 335 25 case case NN 34823 335 26 . . . 34823 336 1 In in IN 34823 336 2 between between IN 34823 336 3 these these DT 34823 336 4 two two CD 34823 336 5 extreme extreme JJ 34823 336 6 views view NNS 34823 336 7 , , , 34823 336 8 appear appear VBP 34823 336 9 the the DT 34823 336 10 views view NNS 34823 336 11 of of IN 34823 336 12 writers writer NNS 34823 336 13 like like IN 34823 336 14 Savigny Savigny NNP 34823 336 15 , , , 34823 336 16 or or CC 34823 336 17 Professor Professor NNP 34823 336 18 Munroe Munroe NNP 34823 336 19 Smith Smith NNP 34823 336 20 , , , 34823 336 21 for for IN 34823 336 22 whom whom WP 34823 336 23 the the DT 34823 336 24 law law NN 34823 336 25 is be VBZ 34823 336 26 a a DT 34823 336 27 changing change VBG 34823 336 28 product product NN 34823 336 29 of of IN 34823 336 30 social social JJ 34823 336 31 psychology psychology NN 34823 336 32 , , , 34823 336 33 volitional[27 volitional[27 NNP 34823 336 34 ] ] -RRB- 34823 336 35 rather rather RB 34823 336 36 than than IN 34823 336 37 intellectual intellectual JJ 34823 336 38 in in IN 34823 336 39 character character NN 34823 336 40 , , , 34823 336 41 objective objective JJ 34823 336 42 enough enough RB 34823 336 43 to to IN 34823 336 44 the the DT 34823 336 45 individual individual NN 34823 336 46 who who WP 34823 336 47 violates violate VBZ 34823 336 48 it -PRON- PRP 34823 336 49 , , , 34823 336 50 or or CC 34823 336 51 the the DT 34823 336 52 judge judge NN 34823 336 53 who who WP 34823 336 54 seeks seek VBZ 34823 336 55 to to TO 34823 336 56 pervert pervert VB 34823 336 57 it -PRON- PRP 34823 336 58 , , , 34823 336 59 but but CC 34823 336 60 none none NN 34823 336 61 the the DT 34823 336 62 less less RBR 34823 336 63 not not RB 34823 336 64 outside outside IN 34823 336 65 the the DT 34823 336 66 minds mind NNS 34823 336 67 and and CC 34823 336 68 interests interest NNS 34823 336 69 of of IN 34823 336 70 men man NNS 34823 336 71 . . . 34823 337 1 In in IN 34823 337 2 Professor Professor NNP 34823 337 3 Munroe Munroe NNP 34823 337 4 Smith Smith NNP 34823 337 5 's 's POS 34823 337 6 phrase phrase NN 34823 337 7 , , , 34823 337 8 law law NN 34823 337 9 is be VBZ 34823 337 10 " " `` 34823 337 11 that that DT 34823 337 12 part part NN 34823 337 13 of of IN 34823 337 14 the the DT 34823 337 15 social social JJ 34823 337 16 order order NN 34823 337 17 which which WDT 34823 337 18 by by IN 34823 337 19 virtue virtue NN 34823 337 20 of of IN 34823 337 21 the the DT 34823 337 22 social social JJ 34823 337 23 will will NN 34823 337 24 may may MD 34823 337 25 be be VB 34823 337 26 supported support VBN 34823 337 27 by by IN 34823 337 28 physical physical JJ 34823 337 29 force force NN 34823 337 30 . . . 34823 338 1 " " `` 34823 338 2 [ [ -LRB- 34823 338 3 28 28 CD 34823 338 4 ] ] -RRB- 34823 338 5 I -PRON- PRP 34823 338 6 venture venture VBP 34823 338 7 to to TO 34823 338 8 describe describe VB 34823 338 9 this this DT 34823 338 10 type type NN 34823 338 11 of of IN 34823 338 12 legal legal JJ 34823 338 13 theory theory NN 34823 338 14 as as IN 34823 338 15 the the DT 34823 338 16 " " `` 34823 338 17 social social JJ 34823 338 18 value value NN 34823 338 19 " " '' 34823 338 20 theory theory NN 34823 338 21 of of IN 34823 338 22 the the DT 34823 338 23 law law NN 34823 338 24 . . . 34823 339 1 In in IN 34823 339 2 the the DT 34823 339 3 chapter chapter NN 34823 339 4 on on IN 34823 339 5 " " `` 34823 339 6 The the DT 34823 339 7 Reconciliation Reconciliation NNP 34823 339 8 of of IN 34823 339 9 Statics Statics NNP 34823 339 10 and and CC 34823 339 11 Dynamics Dynamics NNP 34823 339 12 , , , 34823 339 13 " " '' 34823 339 14 _ _ NNP 34823 339 15 infra infra NNP 34823 339 16 _ _ NNP 34823 339 17 , , , 34823 339 18 I -PRON- PRP 34823 339 19 have have VBP 34823 339 20 cited cite VBN 34823 339 21 certain certain JJ 34823 339 22 opinions opinion NNS 34823 339 23 of of IN 34823 339 24 Mr. Mr. NNP 34823 339 25 Justice Justice NNP 34823 339 26 Holmes Holmes NNP 34823 339 27 which which WDT 34823 339 28 apply apply VBP 34823 339 29 it -PRON- PRP 34823 339 30 , , , 34823 339 31 and and CC 34823 339 32 even even RB 34823 339 33 bring bring VB 34823 339 34 into into IN 34823 339 35 it -PRON- PRP 34823 339 36 the the DT 34823 339 37 notions notion NNS 34823 339 38 of of IN 34823 339 39 the the DT 34823 339 40 marginal marginal JJ 34823 339 41 analysis analysis NN 34823 339 42 . . . 34823 340 1 There there EX 34823 340 2 are be VBP 34823 340 3 , , , 34823 340 4 similarly similarly RB 34823 340 5 , , , 34823 340 6 three three CD 34823 340 7 types type NNS 34823 340 8 of of IN 34823 340 9 economic economic JJ 34823 340 10 theory theory NN 34823 340 11 . . . 34823 341 1 At at IN 34823 341 2 the the DT 34823 341 3 one one CD 34823 341 4 extreme extreme NN 34823 341 5 we -PRON- PRP 34823 341 6 have have VBP 34823 341 7 theories theory NNS 34823 341 8 of of IN 34823 341 9 " " `` 34823 341 10 intrinsic intrinsic JJ 34823 341 11 " " '' 34823 341 12 value value NN 34823 341 13 , , , 34823 341 14 which which WDT 34823 341 15 would would MD 34823 341 16 place place VB 34823 341 17 economic economic JJ 34823 341 18 value value NN 34823 341 19 outside outside IN 34823 341 20 the the DT 34823 341 21 wills will NNS 34823 341 22 of of IN 34823 341 23 men man NNS 34823 341 24 . . . 34823 342 1 The the DT 34823 342 2 mediæval mediæval NN 34823 342 3 discussions discussion NNS 34823 342 4 of of IN 34823 342 5 " " `` 34823 342 6 just just RB 34823 342 7 price price NN 34823 342 8 " " '' 34823 342 9 often often RB 34823 342 10 illustrate illustrate VBP 34823 342 11 this this DT 34823 342 12 notion notion NN 34823 342 13 . . . 34823 343 1 It -PRON- PRP 34823 343 2 creeps creep VBZ 34823 343 3 not not RB 34823 343 4 infrequently infrequently RB 34823 343 5 into into IN 34823 343 6 judicial judicial JJ 34823 343 7 opinions,--to opinions,--to NNP 34823 343 8 which which WDT 34823 343 9 such such JJ 34823 343 10 notions notion NNS 34823 343 11 are be VBP 34823 343 12 essentially essentially RB 34823 343 13 congenial congenial JJ 34823 343 14 ! ! . 34823 344 1 The the DT 34823 344 2 working work VBG 34823 344 3 economist economist NN 34823 344 4 of of IN 34823 344 5 our -PRON- PRP$ 34823 344 6 own own JJ 34823 344 7 day day NN 34823 344 8 has have VBZ 34823 344 9 found find VBN 34823 344 10 little little JJ 34823 344 11 use use NN 34823 344 12 for for IN 34823 344 13 it -PRON- PRP 34823 344 14 , , , 34823 344 15 but but CC 34823 344 16 in in IN 34823 344 17 periods period NNS 34823 344 18 when when WRB 34823 344 19 economic economic JJ 34823 344 20 change change NN 34823 344 21 was be VBD 34823 344 22 slow slow JJ 34823 344 23 it -PRON- PRP 34823 344 24 suggested suggest VBD 34823 344 25 itself -PRON- PRP 34823 344 26 not not RB 34823 344 27 unnaturally unnaturally RB 34823 344 28 to to IN 34823 344 29 men man NNS 34823 344 30 , , , 34823 344 31 as as IN 34823 344 32 an an DT 34823 344 33 explanation explanation NN 34823 344 34 of of IN 34823 344 35 the the DT 34823 344 36 seeming seeming JJ 34823 344 37 impersonality impersonality NN 34823 344 38 of of IN 34823 344 39 market market NN 34823 344 40 phenomena phenomenon NNS 34823 344 41 , , , 34823 344 42 and and CC 34823 344 43 as as IN 34823 344 44 a a DT 34823 344 45 practical practical JJ 34823 344 46 idea idea NN 34823 344 47 for for IN 34823 344 48 combatting combat VBG 34823 344 49 extortion extortion NN 34823 344 50 and and CC 34823 344 51 injustice injustice NN 34823 344 52 . . . 34823 345 1 Something something NN 34823 345 2 of of IN 34823 345 3 the the DT 34823 345 4 idea idea NN 34823 345 5 is be VBZ 34823 345 6 involved involve VBN 34823 345 7 in in IN 34823 345 8 a a DT 34823 345 9 sentence sentence NN 34823 345 10 of of IN 34823 345 11 Shakspere's:[29 Shakspere's:[29 NNP 34823 345 12 ] ] -RRB- 34823 345 13 " " `` 34823 345 14 But but CC 34823 345 15 value value NN 34823 345 16 dwells dwell NNS 34823 345 17 not not RB 34823 345 18 in in IN 34823 345 19 particular particular JJ 34823 345 20 will will NN 34823 345 21 ; ; : 34823 345 22 It -PRON- PRP 34823 345 23 holds hold VBZ 34823 345 24 his -PRON- PRP$ 34823 345 25 estimate estimate NN 34823 345 26 and and CC 34823 345 27 dignity dignity NN 34823 345 28 As as RB 34823 345 29 well well RB 34823 345 30 wherein wherein WRB 34823 345 31 ' ' '' 34823 345 32 tis tis CC 34823 345 33 precious precious JJ 34823 345 34 of of IN 34823 345 35 itself -PRON- PRP 34823 345 36 As as IN 34823 345 37 in in IN 34823 345 38 the the DT 34823 345 39 prizer prizer NN 34823 345 40 . . . 34823 345 41 " " '' 34823 346 1 At at IN 34823 346 2 the the DT 34823 346 3 opposite opposite JJ 34823 346 4 extreme extreme NN 34823 346 5 would would MD 34823 346 6 be be VB 34823 346 7 those those DT 34823 346 8 economists economist NNS 34823 346 9 , , , 34823 346 10 as as IN 34823 346 11 Professor Professor NNP 34823 346 12 Davenport Davenport NNP 34823 346 13 and and CC 34823 346 14 Jevons Jevons NNP 34823 346 15 , , , 34823 346 16 who who WP 34823 346 17 find find VBP 34823 346 18 no no DT 34823 346 19 value value NN 34823 346 20 for for IN 34823 346 21 a a DT 34823 346 22 good good JJ 34823 346 23 except except IN 34823 346 24 in in IN 34823 346 25 the the DT 34823 346 26 minds mind NNS 34823 346 27 of of IN 34823 346 28 individual individual JJ 34823 346 29 men man NNS 34823 346 30 , , , 34823 346 31 so so IN 34823 346 32 that that IN 34823 346 33 there there EX 34823 346 34 may may MD 34823 346 35 be be VB 34823 346 36 as as RB 34823 346 37 many many JJ 34823 346 38 different different JJ 34823 346 39 values value NNS 34823 346 40 as as IN 34823 346 41 there there EX 34823 346 42 are be VBP 34823 346 43 different different JJ 34823 346 44 men man NNS 34823 346 45 . . . 34823 347 1 That that IN 34823 347 2 something something NN 34823 347 3 social social JJ 34823 347 4 and and CC 34823 347 5 objective objective JJ 34823 347 6 exists exist NNS 34823 347 7 in in IN 34823 347 8 the the DT 34823 347 9 market market NN 34823 347 10 place place NN 34823 347 11 can can MD 34823 347 12 hardly hardly RB 34823 347 13 be be VB 34823 347 14 denied deny VBN 34823 347 15 , , , 34823 347 16 but but CC 34823 347 17 when when WRB 34823 347 18 pressed press VBN 34823 347 19 for for IN 34823 347 20 an an DT 34823 347 21 account account NN 34823 347 22 of of IN 34823 347 23 it -PRON- PRP 34823 347 24 , , , 34823 347 25 these these DT 34823 347 26 writers writer NNS 34823 347 27 reduce reduce VBP 34823 347 28 it -PRON- PRP 34823 347 29 to to IN 34823 347 30 a a DT 34823 347 31 bare bare JJ 34823 347 32 , , , 34823 347 33 abstract abstract JJ 34823 347 34 , , , 34823 347 35 mathematical mathematical JJ 34823 347 36 ratio ratio NN 34823 347 37 . . . 34823 348 1 [ [ -LRB- 34823 348 2 30 30 CD 34823 348 3 ] ] -RRB- 34823 348 4 Each each DT 34823 348 5 individual individual JJ 34823 348 6 mind mind NN 34823 348 7 is be VBZ 34823 348 8 shut shut VBN 34823 348 9 up up RP 34823 348 10 within within IN 34823 348 11 its -PRON- PRP$ 34823 348 12 own own JJ 34823 348 13 limits limit NNS 34823 348 14 , , , 34823 348 15 inscrutable inscrutable JJ 34823 348 16 to to IN 34823 348 17 other other JJ 34823 348 18 minds mind NNS 34823 348 19 , , , 34823 348 20 and and CC 34823 348 21 there there EX 34823 348 22 can can MD 34823 348 23 be be VB 34823 348 24 no no DT 34823 348 25 psychological psychological JJ 34823 348 26 phenomena phenomenon NNS 34823 348 27 which which WDT 34823 348 28 include include VBP 34823 348 29 activities activity NNS 34823 348 30 in in IN 34823 348 31 many many JJ 34823 348 32 minds mind NNS 34823 348 33 , , , 34823 348 34 for for IN 34823 348 35 this this DT 34823 348 36 view view NN 34823 348 37 . . . 34823 349 1 In in IN 34823 349 2 between between IN 34823 349 3 these these DT 34823 349 4 two two CD 34823 349 5 extremes extreme NNS 34823 349 6 , , , 34823 349 7 is be VBZ 34823 349 8 the the DT 34823 349 9 social social JJ 34823 349 10 value value NN 34823 349 11 theory theory NN 34823 349 12 of of IN 34823 349 13 the the DT 34823 349 14 present present JJ 34823 349 15 writer writer NN 34823 349 16 . . . 34823 350 1 Economic economic JJ 34823 350 2 value value NN 34823 350 3 is be VBZ 34823 350 4 not not RB 34823 350 5 intrinsic intrinsic JJ 34823 350 6 in in IN 34823 350 7 goods good NNS 34823 350 8 , , , 34823 350 9 independent independent JJ 34823 350 10 of of IN 34823 350 11 the the DT 34823 350 12 minds mind NNS 34823 350 13 of of IN 34823 350 14 men man NNS 34823 350 15 . . . 34823 351 1 But but CC 34823 351 2 it -PRON- PRP 34823 351 3 is be VBZ 34823 351 4 a a DT 34823 351 5 fact fact NN 34823 351 6 which which WDT 34823 351 7 is be VBZ 34823 351 8 in in IN 34823 351 9 large large JJ 34823 351 10 degree degree NN 34823 351 11 independent independent JJ 34823 351 12 of of IN 34823 351 13 the the DT 34823 351 14 mind mind NN 34823 351 15 of of IN 34823 351 16 any any DT 34823 351 17 given give VBN 34823 351 18 man man NN 34823 351 19 . . . 34823 352 1 To to IN 34823 352 2 a a DT 34823 352 3 given give VBN 34823 352 4 individual individual NN 34823 352 5 in in IN 34823 352 6 the the DT 34823 352 7 market market NN 34823 352 8 , , , 34823 352 9 the the DT 34823 352 10 economic economic JJ 34823 352 11 value value NN 34823 352 12 of of IN 34823 352 13 a a DT 34823 352 14 good good JJ 34823 352 15 is be VBZ 34823 352 16 a a DT 34823 352 17 fact fact NN 34823 352 18 as as IN 34823 352 19 external external JJ 34823 352 20 , , , 34823 352 21 as as IN 34823 352 22 objective objective JJ 34823 352 23 , , , 34823 352 24 as as IN 34823 352 25 opaque opaque JJ 34823 352 26 and and CC 34823 352 27 stubborn stubborn JJ 34823 352 28 , , , 34823 352 29 as as IN 34823 352 30 is be VBZ 34823 352 31 the the DT 34823 352 32 weight weight NN 34823 352 33 of of IN 34823 352 34 the the DT 34823 352 35 object object NN 34823 352 36 , , , 34823 352 37 or or CC 34823 352 38 the the DT 34823 352 39 law law NN 34823 352 40 against against IN 34823 352 41 murder murder NN 34823 352 42 . . . 34823 353 1 There there EX 34823 353 2 are be VBP 34823 353 3 individual individual JJ 34823 353 4 values value NNS 34823 353 5 , , , 34823 353 6 marginal marginal JJ 34823 353 7 utilities utility NNS 34823 353 8 , , , 34823 353 9 of of IN 34823 353 10 goods good NNS 34823 353 11 which which WDT 34823 353 12 may may MD 34823 353 13 differ differ VB 34823 353 14 in in IN 34823 353 15 magnitude magnitude NN 34823 353 16 and and CC 34823 353 17 in in IN 34823 353 18 quality quality NN 34823 353 19 from from IN 34823 353 20 man man NN 34823 353 21 to to IN 34823 353 22 man man NN 34823 353 23 , , , 34823 353 24 but but CC 34823 353 25 there there EX 34823 353 26 is be VBZ 34823 353 27 , , , 34823 353 28 over over RB 34823 353 29 and and CC 34823 353 30 above above IN 34823 353 31 these these DT 34823 353 32 , , , 34823 353 33 influenced influence VBN 34823 353 34 by by IN 34823 353 35 them -PRON- PRP 34823 353 36 in in IN 34823 353 37 part part NN 34823 353 38 , , , 34823 353 39 influencing influence VBG 34823 353 40 them -PRON- PRP 34823 353 41 much much RB 34823 353 42 more more JJR 34823 353 43 than than IN 34823 353 44 they -PRON- PRP 34823 353 45 influence influence VBP 34823 353 46 it -PRON- PRP 34823 353 47 , , , 34823 353 48 a a DT 34823 353 49 social social JJ 34823 353 50 value value NN 34823 353 51 for for IN 34823 353 52 each each DT 34823 353 53 commodity commodity NN 34823 353 54 , , , 34823 353 55 a a DT 34823 353 56 product product NN 34823 353 57 of of IN 34823 353 58 a a DT 34823 353 59 complex complex JJ 34823 353 60 social social JJ 34823 353 61 psychology psychology NN 34823 353 62 , , , 34823 353 63 which which WDT 34823 353 64 includes include VBZ 34823 353 65 the the DT 34823 353 66 individual individual JJ 34823 353 67 values value NNS 34823 353 68 , , , 34823 353 69 but but CC 34823 353 70 includes include VBZ 34823 353 71 very very RB 34823 353 72 much much RB 34823 353 73 more more JJR 34823 353 74 as as RB 34823 353 75 well well RB 34823 353 76 . . . 34823 354 1 Our -PRON- PRP$ 34823 354 2 theory theory NN 34823 354 3 puts put VBZ 34823 354 4 law law NN 34823 354 5 , , , 34823 354 6 moral moral JJ 34823 354 7 values value NNS 34823 354 8 , , , 34823 354 9 and and CC 34823 354 10 economic economic JJ 34823 354 11 values value NNS 34823 354 12 in in IN 34823 354 13 the the DT 34823 354 14 same same JJ 34823 354 15 general general JJ 34823 354 16 class class NN 34823 354 17 , , , 34823 354 18 _ _ NNP 34823 354 19 species specie NNS 34823 354 20 _ _ NNP 34823 354 21 of of IN 34823 354 22 the the DT 34823 354 23 _ _ NNP 34823 354 24 genus genus JJ 34823 354 25 _ _ NNP 34823 354 26 , , , 34823 354 27 social social JJ 34823 354 28 value value NN 34823 354 29 , , , 34823 354 30 alike alike RB 34823 354 31 in in IN 34823 354 32 their -PRON- PRP$ 34823 354 33 psychological psychological JJ 34823 354 34 " " `` 34823 354 35 stuff stuff NN 34823 354 36 " " '' 34823 354 37 and and CC 34823 354 38 character character NN 34823 354 39 , , , 34823 354 40 to to TO 34823 354 41 be be VB 34823 354 42 explained explain VBN 34823 354 43 by by IN 34823 354 44 the the DT 34823 354 45 same same JJ 34823 354 46 general general JJ 34823 354 47 principles principle NNS 34823 354 48 , , , 34823 354 49 even even RB 34823 354 50 though though IN 34823 354 51 differentiated differentiate VBN 34823 354 52 in in IN 34823 354 53 their -PRON- PRP$ 34823 354 54 functions function NNS 34823 354 55 , , , 34823 354 56 and and CC 34823 354 57 in in IN 34823 354 58 the the DT 34823 354 59 extent extent NN 34823 354 60 to to TO 34823 354 61 which which WDT 34823 354 62 they -PRON- PRP 34823 354 63 depend depend VBP 34823 354 64 on on IN 34823 354 65 various various JJ 34823 354 66 factors factor NNS 34823 354 67 in in IN 34823 354 68 the the DT 34823 354 69 social social JJ 34823 354 70 situation situation NN 34823 354 71 . . . 34823 355 1 They -PRON- PRP 34823 355 2 are be VBP 34823 355 3 parts part NNS 34823 355 4 of of IN 34823 355 5 a a DT 34823 355 6 social social JJ 34823 355 7 system system NN 34823 355 8 of of IN 34823 355 9 motivation motivation NN 34823 355 10 and and CC 34823 355 11 control control NN 34823 355 12 . . . 34823 356 1 They -PRON- PRP 34823 356 2 are be VBP 34823 356 3 the the DT 34823 356 4 _ _ NNP 34823 356 5 social social JJ 34823 356 6 forces force NNS 34823 356 7 _ _ NNP 34823 356 8 , , , 34823 356 9 which which WDT 34823 356 10 govern govern VBP 34823 356 11 , , , 34823 356 12 in in IN 34823 356 13 a a DT 34823 356 14 social social JJ 34823 356 15 scheme scheme NN 34823 356 16 , , , 34823 356 17 the the DT 34823 356 18 actions action NNS 34823 356 19 of of IN 34823 356 20 men man NNS 34823 356 21 . . . 34823 357 1 It -PRON- PRP 34823 357 2 may may MD 34823 357 3 be be VB 34823 357 4 well well JJ 34823 357 5 to to TO 34823 357 6 suggest suggest VB 34823 357 7 rough rough JJ 34823 357 8 _ _ NNP 34823 357 9 differentiæ differentiæ NN 34823 357 10 _ _ NNP 34823 357 11 which which WDT 34823 357 12 mark mark VBP 34823 357 13 off off RP 34823 357 14 these these DT 34823 357 15 values value NNS 34823 357 16 from from IN 34823 357 17 one one CD 34823 357 18 another another DT 34823 357 19 . . . 34823 358 1 Legal legal JJ 34823 358 2 values value NNS 34823 358 3 are be VBP 34823 358 4 social social JJ 34823 358 5 values value NNS 34823 358 6 which which WDT 34823 358 7 will will MD 34823 358 8 be be VB 34823 358 9 enforced enforce VBN 34823 358 10 , , , 34823 358 11 if if IN 34823 358 12 need need NN 34823 358 13 be be VB 34823 358 14 , , , 34823 358 15 by by IN 34823 358 16 the the DT 34823 358 17 organized organized JJ 34823 358 18 _ _ NNP 34823 358 19 physical physical JJ 34823 358 20 _ _ NNP 34823 358 21 force force NN 34823 358 22 of of IN 34823 358 23 the the DT 34823 358 24 group group NN 34823 358 25 , , , 34823 358 26 through through IN 34823 358 27 the the DT 34823 358 28 government government NN 34823 358 29 . . . 34823 359 1 Moral moral JJ 34823 359 2 values value NNS 34823 359 3 are be VBP 34823 359 4 social social JJ 34823 359 5 values value NNS 34823 359 6 which which WDT 34823 359 7 the the DT 34823 359 8 group group NN 34823 359 9 enforces enforce VBZ 34823 359 10 by by IN 34823 359 11 approbation approbation NN 34823 359 12 and and CC 34823 359 13 disapprobation disapprobation NN 34823 359 14 , , , 34823 359 15 by by IN 34823 359 16 cold cold JJ 34823 359 17 shoulders shoulder NNS 34823 359 18 and and CC 34823 359 19 ostracism ostracism NN 34823 359 20 or or CC 34823 359 21 by by IN 34823 359 22 honor honor NN 34823 359 23 and and CC 34823 359 24 praise praise NN 34823 359 25 . . . 34823 360 1 Economic economic JJ 34823 360 2 values value NNS 34823 360 3 are be VBP 34823 360 4 values value NNS 34823 360 5 which which WDT 34823 360 6 the the DT 34823 360 7 group group NN 34823 360 8 enforces enforce VBZ 34823 360 9 under under IN 34823 360 10 a a DT 34823 360 11 system system NN 34823 360 12 of of IN 34823 360 13 free free JJ 34823 360 14 enterprise enterprise NN 34823 360 15 , , , 34823 360 16 by by IN 34823 360 17 means mean NNS 34823 360 18 of of IN 34823 360 19 profits profit NNS 34823 360 20 and and CC 34823 360 21 losses loss NNS 34823 360 22 , , , 34823 360 23 by by IN 34823 360 24 riches rich NNS 34823 360 25 or or CC 34823 360 26 bankruptcy bankruptcy NN 34823 360 27 . . . 34823 361 1 The the DT 34823 361 2 group group NN 34823 361 3 may may MD 34823 361 4 , , , 34823 361 5 under under IN 34823 361 6 a a DT 34823 361 7 communistic communistic JJ 34823 361 8 or or CC 34823 361 9 socialistic socialistic JJ 34823 361 10 system system NN 34823 361 11 , , , 34823 361 12 rely rely VBP 34823 361 13 in in IN 34823 361 14 whole whole NN 34823 361 15 or or CC 34823 361 16 in in IN 34823 361 17 part part NN 34823 361 18 upon upon IN 34823 361 19 the the DT 34823 361 20 machinery machinery NN 34823 361 21 of of IN 34823 361 22 the the DT 34823 361 23 law law NN 34823 361 24 ; ; : 34823 361 25 in in IN 34823 361 26 which which WDT 34823 361 27 case case NN 34823 361 28 economic economic JJ 34823 361 29 values value NNS 34823 361 30 appear appear VBP 34823 361 31 not not RB 34823 361 32 in in IN 34823 361 33 their -PRON- PRP$ 34823 361 34 own own JJ 34823 361 35 form form NN 34823 361 36 as as IN 34823 361 37 immediately immediately RB 34823 361 38 guiding guide VBG 34823 361 39 production production NN 34823 361 40 , , , 34823 361 41 but but CC 34823 361 42 as as IN 34823 361 43 " " `` 34823 361 44 presuppositions presupposition NNS 34823 361 45 " " '' 34823 361 46 of of IN 34823 361 47 some some DT 34823 361 48 of of IN 34823 361 49 the the DT 34823 361 50 legal legal JJ 34823 361 51 values value NNS 34823 361 52 . . . 34823 362 1 The the DT 34823 362 2 differentiation differentiation NN 34823 362 3 of of IN 34823 362 4 these these DT 34823 362 5 types type NNS 34823 362 6 of of IN 34823 362 7 social social JJ 34823 362 8 value value NN 34823 362 9 may may MD 34823 362 10 also also RB 34823 362 11 run run VB 34823 362 12 in in IN 34823 362 13 terms term NNS 34823 362 14 of of IN 34823 362 15 their -PRON- PRP$ 34823 362 16 _ _ NNP 34823 362 17 functions_,[31 functions_,[31 NN 34823 362 18 ] ] -RRB- 34823 362 19 though though IN 34823 362 20 it -PRON- PRP 34823 362 21 is be VBZ 34823 362 22 not not RB 34823 362 23 so so RB 34823 362 24 easy easy JJ 34823 362 25 to to TO 34823 362 26 mark mark VB 34823 362 27 them -PRON- PRP 34823 362 28 off off RP 34823 362 29 here here RB 34823 362 30 , , , 34823 362 31 since since IN 34823 362 32 their -PRON- PRP$ 34823 362 33 functions function NNS 34823 362 34 overlap overlap VBP 34823 362 35 . . . 34823 363 1 The the DT 34823 363 2 function function NN 34823 363 3 of of IN 34823 363 4 economic economic JJ 34823 363 5 values value NNS 34823 363 6 is be VBZ 34823 363 7 to to TO 34823 363 8 guide guide VB 34823 363 9 and and CC 34823 363 10 control control VB 34823 363 11 the the DT 34823 363 12 economic economic JJ 34823 363 13 activities activity NNS 34823 363 14 of of IN 34823 363 15 men man NNS 34823 363 16 , , , 34823 363 17 to to TO 34823 363 18 send send VB 34823 363 19 labor labor NN 34823 363 20 from from IN 34823 363 21 one one CD 34823 363 22 industry industry NN 34823 363 23 to to IN 34823 363 24 another another DT 34823 363 25 , , , 34823 363 26 to to TO 34823 363 27 cause cause VB 34823 363 28 one one CD 34823 363 29 sort sort NN 34823 363 30 of of IN 34823 363 31 thing thing NN 34823 363 32 to to TO 34823 363 33 be be VB 34823 363 34 produced produce VBN 34823 363 35 or or CC 34823 363 36 another another DT 34823 363 37 , , , 34823 363 38 to to TO 34823 363 39 supply supply VB 34823 363 40 the the DT 34823 363 41 motive motive JJ 34823 363 42 force force NN 34823 363 43 which which WDT 34823 363 44 _ _ NNP 34823 363 45 impels impel NNS 34823 363 46 _ _ NNP 34823 363 47 industry industry NN 34823 363 48 . . . 34823 364 1 Legal legal JJ 34823 364 2 and and CC 34823 364 3 moral moral JJ 34823 364 4 values value NNS 34823 364 5 also also RB 34823 364 6 directly directly RB 34823 364 7 affect affect VBP 34823 364 8 industry industry NN 34823 364 9 , , , 34823 364 10 often often RB 34823 364 11 working work VBG 34823 364 12 to to TO 34823 364 13 check check VB 34823 364 14 the the DT 34823 364 15 results result NNS 34823 364 16 which which WDT 34823 364 17 the the DT 34823 364 18 economic economic JJ 34823 364 19 values value NNS 34823 364 20 alone alone RB 34823 364 21 would would MD 34823 364 22 lead lead VB 34823 364 23 to to IN 34823 364 24 -- -- : 34823 364 25 as as IN 34823 364 26 when when WRB 34823 364 27 the the DT 34823 364 28 law law NN 34823 364 29 forbids forbid VBZ 34823 364 30 the the DT 34823 364 31 production production NN 34823 364 32 and and CC 34823 364 33 sale sale NN 34823 364 34 of of IN 34823 364 35 liquor liquor NN 34823 364 36 , , , 34823 364 37 or or CC 34823 364 38 checks check VBZ 34823 364 39 child child NN 34823 364 40 labor labor NN 34823 364 41 , , , 34823 364 42 etc etc FW 34823 364 43 . . . 34823 365 1 The the DT 34823 365 2 law law NN 34823 365 3 , , , 34823 365 4 on on IN 34823 365 5 the the DT 34823 365 6 other other JJ 34823 365 7 hand hand NN 34823 365 8 , , , 34823 365 9 does do VBZ 34823 365 10 not not RB 34823 365 11 , , , 34823 365 12 primarily primarily RB 34823 365 13 , , , 34823 365 14 in in IN 34823 365 15 its -PRON- PRP$ 34823 365 16 influence influence NN 34823 365 17 on on IN 34823 365 18 industry industry NN 34823 365 19 , , , 34823 365 20 seek seek VB 34823 365 21 _ _ NNP 34823 365 22 positively positively RB 34823 365 23 _ _ NNP 34823 365 24 to to TO 34823 365 25 determine determine VB 34823 365 26 its -PRON- PRP$ 34823 365 27 direction direction NN 34823 365 28 . . . 34823 366 1 The the DT 34823 366 2 law law NN 34823 366 3 forbids forbid VBZ 34823 366 4 the the DT 34823 366 5 production production NN 34823 366 6 of of IN 34823 366 7 liquor liquor NN 34823 366 8 , , , 34823 366 9 but but CC 34823 366 10 does do VBZ 34823 366 11 not not RB 34823 366 12 decree decree VB 34823 366 13 the the DT 34823 366 14 production production NN 34823 366 15 of of IN 34823 366 16 bread bread NN 34823 366 17 . . . 34823 367 1 The the DT 34823 367 2 law law NN 34823 367 3 may may MD 34823 367 4 seek seek VB 34823 367 5 to to TO 34823 367 6 affect affect VB 34823 367 7 industry industry NN 34823 367 8 positively positively RB 34823 367 9 , , , 34823 367 10 by by IN 34823 367 11 protective protective JJ 34823 367 12 tariffs tariff NNS 34823 367 13 , , , 34823 367 14 for for IN 34823 367 15 example example NN 34823 367 16 , , , 34823 367 17 which which WDT 34823 367 18 aim aim VBP 34823 367 19 at at IN 34823 367 20 the the DT 34823 367 21 building building NN 34823 367 22 up up RP 34823 367 23 of of IN 34823 367 24 certain certain JJ 34823 367 25 industries industry NNS 34823 367 26 , , , 34823 367 27 but but CC 34823 367 28 its -PRON- PRP$ 34823 367 29 effects effect NNS 34823 367 30 are be VBP 34823 367 31 here here RB 34823 367 32 indirect indirect JJ 34823 367 33 , , , 34823 367 34 reached reach VBN 34823 367 35 through through IN 34823 367 36 modifications modification NNS 34823 367 37 in in IN 34823 367 38 the the DT 34823 367 39 economic economic JJ 34823 367 40 values value NNS 34823 367 41 . . . 34823 368 1 Economic economic JJ 34823 368 2 values value NNS 34823 368 3 , , , 34823 368 4 on on IN 34823 368 5 the the DT 34823 368 6 other other JJ 34823 368 7 hand hand NN 34823 368 8 , , , 34823 368 9 do do VBP 34823 368 10 not not RB 34823 368 11 primarily primarily RB 34823 368 12 aim aim VB 34823 368 13 at at IN 34823 368 14 the the DT 34823 368 15 regulation regulation NN 34823 368 16 of of IN 34823 368 17 the the DT 34823 368 18 conduct conduct NN 34823 368 19 of of IN 34823 368 20 men man NNS 34823 368 21 outside outside IN 34823 368 22 the the DT 34823 368 23 market market NN 34823 368 24 place place NN 34823 368 25 , , , 34823 368 26 or or CC 34823 368 27 the the DT 34823 368 28 shop shop NN 34823 368 29 or or CC 34823 368 30 the the DT 34823 368 31 farm farm NN 34823 368 32 , , , 34823 368 33 etc etc FW 34823 368 34 . . . 34823 369 1 Economic economic JJ 34823 369 2 values value NNS 34823 369 3 are be VBP 34823 369 4 not not RB 34823 369 5 primarily primarily RB 34823 369 6 concerned concerned JJ 34823 369 7 with with IN 34823 369 8 making make VBG 34823 369 9 men man NNS 34823 369 10 be be VB 34823 369 11 good good JJ 34823 369 12 husbands husband NNS 34823 369 13 or or CC 34823 369 14 good good JJ 34823 369 15 neighbors neighbor NNS 34823 369 16 , , , 34823 369 17 or or CC 34823 369 18 brave brave JJ 34823 369 19 soldiers soldier NNS 34823 369 20 . . . 34823 370 1 Economic economic JJ 34823 370 2 values value NNS 34823 370 3 may may MD 34823 370 4 be be VB 34823 370 5 used use VBN 34823 370 6 , , , 34823 370 7 in in IN 34823 370 8 part part NN 34823 370 9 , , , 34823 370 10 for for IN 34823 370 11 these these DT 34823 370 12 purposes purpose NNS 34823 370 13 , , , 34823 370 14 as as IN 34823 370 15 when when WRB 34823 370 16 a a DT 34823 370 17 father father NN 34823 370 18 - - HYPH 34823 370 19 in in IN 34823 370 20 - - HYPH 34823 370 21 law law NN 34823 370 22 uses use VBZ 34823 370 23 his -PRON- PRP$ 34823 370 24 wealth wealth NN 34823 370 25 as as IN 34823 370 26 a a DT 34823 370 27 lever lever NN 34823 370 28 to to TO 34823 370 29 make make VB 34823 370 30 his -PRON- PRP$ 34823 370 31 son son NN 34823 370 32 - - HYPH 34823 370 33 in in IN 34823 370 34 - - HYPH 34823 370 35 law law NN 34823 370 36 behave behave NN 34823 370 37 -- -- : 34823 370 38 or or CC 34823 370 39 , , , 34823 370 40 indeed indeed RB 34823 370 41 , , , 34823 370 42 as as IN 34823 370 43 a a DT 34823 370 44 bait bait NN 34823 370 45 to to TO 34823 370 46 get get VB 34823 370 47 a a DT 34823 370 48 son son NN 34823 370 49 - - HYPH 34823 370 50 in in IN 34823 370 51 - - HYPH 34823 370 52 law law NN 34823 370 53 ! ! . 34823 371 1 It -PRON- PRP 34823 371 2 is be VBZ 34823 371 3 hard hard JJ 34823 371 4 to to TO 34823 371 5 find find VB 34823 371 6 a a DT 34823 371 7 phase phase NN 34823 371 8 of of IN 34823 371 9 social social JJ 34823 371 10 life life NN 34823 371 11 which which WDT 34823 371 12 is be VBZ 34823 371 13 not not RB 34823 371 14 touched touch VBN 34823 371 15 by by IN 34823 371 16 all all DT 34823 371 17 types type NNS 34823 371 18 of of IN 34823 371 19 social social JJ 34823 371 20 values value NNS 34823 371 21 , , , 34823 371 22 but but CC 34823 371 23 it -PRON- PRP 34823 371 24 is be VBZ 34823 371 25 possible possible JJ 34823 371 26 , , , 34823 371 27 roughly roughly RB 34823 371 28 , , , 34823 371 29 to to TO 34823 371 30 mark mark VB 34823 371 31 off off RP 34823 371 32 those those DT 34823 371 33 phases phase NNS 34823 371 34 of of IN 34823 371 35 social social JJ 34823 371 36 life life NN 34823 371 37 which which WDT 34823 371 38 are be VBP 34823 371 39 subject subject JJ 34823 371 40 to to IN 34823 371 41 primary primary JJ 34823 371 42 regulation regulation NN 34823 371 43 by by IN 34823 371 44 one one CD 34823 371 45 or or CC 34823 371 46 the the DT 34823 371 47 other other JJ 34823 371 48 sort sort NN 34823 371 49 of of IN 34823 371 50 social social JJ 34823 371 51 value value NN 34823 371 52 . . . 34823 372 1 The the DT 34823 372 2 differentiation differentiation NN 34823 372 3 is be VBZ 34823 372 4 easier easy JJR 34823 372 5 when when WRB 34823 372 6 we -PRON- PRP 34823 372 7 look look VBP 34823 372 8 at at IN 34823 372 9 the the DT 34823 372 10 social social JJ 34823 372 11 _ _ NNP 34823 372 12 institutions institution NNS 34823 372 13 _ _ NNP 34823 372 14 which which WDT 34823 372 15 have have VBP 34823 372 16 to to TO 34823 372 17 do do VB 34823 372 18 primarily primarily RB 34823 372 19 with with IN 34823 372 20 the the DT 34823 372 21 one one CD 34823 372 22 or or CC 34823 372 23 the the DT 34823 372 24 other other JJ 34823 372 25 sort sort NN 34823 372 26 of of IN 34823 372 27 value value NN 34823 372 28 . . . 34823 373 1 Courts court NNS 34823 373 2 and and CC 34823 373 3 legislatures legislature NNS 34823 373 4 are be VBP 34823 373 5 easily easily RB 34823 373 6 marked mark VBN 34823 373 7 off off RP 34823 373 8 from from IN 34823 373 9 stock stock NN 34823 373 10 exchanges exchange NNS 34823 373 11 and and CC 34823 373 12 banking banking NN 34823 373 13 houses house NNS 34823 373 14 . . . 34823 374 1 There there EX 34823 374 2 is be VBZ 34823 374 3 not not RB 34823 374 4 so so RB 34823 374 5 clearly clearly RB 34823 374 6 an an DT 34823 374 7 institutional institutional JJ 34823 374 8 nucleus nucleus NN 34823 374 9 for for IN 34823 374 10 moral moral JJ 34823 374 11 values value NNS 34823 374 12 , , , 34823 374 13 since since IN 34823 374 14 the the DT 34823 374 15 church church NN 34823 374 16 has have VBZ 34823 374 17 lost lose VBN 34823 374 18 its -PRON- PRP$ 34823 374 19 control control NN 34823 374 20 over over IN 34823 374 21 the the DT 34823 374 22 moral moral JJ 34823 374 23 situation situation NN 34823 374 24 . . . 34823 375 1 When when WRB 34823 375 2 we -PRON- PRP 34823 375 3 view view VBP 34823 375 4 the the DT 34823 375 5 matter matter NN 34823 375 6 from from IN 34823 375 7 the the DT 34823 375 8 standpoint standpoint NN 34823 375 9 of of IN 34823 375 10 the the DT 34823 375 11 _ _ NNP 34823 375 12 objects object NNS 34823 375 13 _ _ NNP 34823 375 14 of of IN 34823 375 15 value value NN 34823 375 16 , , , 34823 375 17 _ _ NNP 34823 375 18 differentiæ differentiæ NN 34823 375 19 _ _ NNP 34823 375 20 also also RB 34823 375 21 appear appear VBP 34823 375 22 . . . 34823 376 1 The the DT 34823 376 2 main main JJ 34823 376 3 type type NN 34823 376 4 of of IN 34823 376 5 object object NN 34823 376 6 of of IN 34823 376 7 moral moral JJ 34823 376 8 value value NN 34823 376 9 is be VBZ 34823 376 10 modes mode NNS 34823 376 11 of of IN 34823 376 12 conduct conduct NN 34823 376 13 ; ; : 34823 376 14 the the DT 34823 376 15 " " `` 34823 376 16 type type NN 34823 376 17 object object NN 34823 376 18 " " '' 34823 376 19 of of IN 34823 376 20 economic economic JJ 34823 376 21 value value NN 34823 376 22 is be VBZ 34823 376 23 physical physical JJ 34823 376 24 things thing NNS 34823 376 25 which which WDT 34823 376 26 men man NNS 34823 376 27 eat eat VBP 34823 376 28 , , , 34823 376 29 wear wear VB 34823 376 30 , , , 34823 376 31 drink drink VBP 34823 376 32 , , , 34823 376 33 etc etc FW 34823 376 34 . . . 34823 376 35 , , , 34823 376 36 even even RB 34823 376 37 though though IN 34823 376 38 _ _ NNP 34823 376 39 quantitatively quantitatively RB 34823 376 40 _ _ NNP 34823 376 41 the the DT 34823 376 42 major major JJ 34823 376 43 part part NN 34823 376 44 of of IN 34823 376 45 the the DT 34823 376 46 sum sum NN 34823 376 47 total total NN 34823 376 48 of of IN 34823 376 49 economic economic JJ 34823 376 50 values value NNS 34823 376 51 attach attach VBP 34823 376 52 to to IN 34823 376 53 other other JJ 34823 376 54 things thing NNS 34823 376 55 , , , 34823 376 56 instrumental instrumental JJ 34823 376 57 goods good NNS 34823 376 58 , , , 34823 376 59 lands land NNS 34823 376 60 , , , 34823 376 61 labor labor NN 34823 376 62 , , , 34823 376 63 and and CC 34823 376 64 social social JJ 34823 376 65 relations relation NNS 34823 376 66 , , , 34823 376 67 like like IN 34823 376 68 franchise franchise NN 34823 376 69 rights right NNS 34823 376 70 , , , 34823 376 71 good good JJ 34823 376 72 will will NN 34823 376 73 , , , 34823 376 74 which which WDT 34823 376 75 in in IN 34823 376 76 the the DT 34823 376 77 main main JJ 34823 376 78 reflect reflect VBP 34823 376 79 the the DT 34823 376 80 values value NNS 34823 376 81 of of IN 34823 376 82 consumers consumer NNS 34823 376 83 ' ' POS 34823 376 84 goods;[32 goods;[32 NN 34823 376 85 ] ] -RRB- 34823 376 86 objects object NNS 34823 376 87 of of IN 34823 376 88 legal legal JJ 34823 376 89 value value NN 34823 376 90 are be VBP 34823 376 91 in in IN 34823 376 92 large large JJ 34823 376 93 degree degree NN 34823 376 94 the the DT 34823 376 95 same same JJ 34823 376 96 as as IN 34823 376 97 objects object NNS 34823 376 98 of of IN 34823 376 99 moral moral JJ 34823 376 100 value value NN 34823 376 101 , , , 34823 376 102 namely namely RB 34823 376 103 , , , 34823 376 104 modes mode NNS 34823 376 105 of of IN 34823 376 106 conduct conduct NN 34823 376 107 , , , 34823 376 108 but but CC 34823 376 109 moral moral JJ 34823 376 110 values value NNS 34823 376 111 attach attach VBP 34823 376 112 to to IN 34823 376 113 a a DT 34823 376 114 wider wide JJR 34823 376 115 group group NN 34823 376 116 of of IN 34823 376 117 objects object NNS 34823 376 118 , , , 34823 376 119 and and CC 34823 376 120 legal legal JJ 34823 376 121 values value NNS 34823 376 122 attach attach VBP 34823 376 123 to to IN 34823 376 124 certain certain JJ 34823 376 125 forms form NNS 34823 376 126 of of IN 34823 376 127 conduct conduct NN 34823 376 128 which which WDT 34823 376 129 are be VBP 34823 376 130 morally morally RB 34823 376 131 indifferent indifferent JJ 34823 376 132 . . . 34823 377 1 It -PRON- PRP 34823 377 2 is be VBZ 34823 377 3 not not RB 34823 377 4 so so RB 34823 377 5 easy easy JJ 34823 377 6 to to TO 34823 377 7 make make VB 34823 377 8 the the DT 34823 377 9 differentiation differentiation NN 34823 377 10 when when WRB 34823 377 11 we -PRON- PRP 34823 377 12 view view VBP 34823 377 13 the the DT 34823 377 14 thing thing NN 34823 377 15 from from IN 34823 377 16 the the DT 34823 377 17 standpoint standpoint NN 34823 377 18 of of IN 34823 377 19 the the DT 34823 377 20 consciousness consciousness NN 34823 377 21 of of IN 34823 377 22 men man NNS 34823 377 23 who who WP 34823 377 24 are be VBP 34823 377 25 at at IN 34823 377 26 the the DT 34823 377 27 centre centre NN 34823 377 28 of of IN 34823 377 29 the the DT 34823 377 30 situation situation NN 34823 377 31 , , , 34823 377 32 to to IN 34823 377 33 whose whose WP$ 34823 377 34 consciousness consciousness NN 34823 377 35 the the DT 34823 377 36 social social JJ 34823 377 37 values value NNS 34823 377 38 are be VBP 34823 377 39 presented present VBN 34823 377 40 . . . 34823 378 1 We -PRON- PRP 34823 378 2 may may MD 34823 378 3 put put VB 34823 378 4 at at IN 34823 378 5 the the DT 34823 378 6 very very JJ 34823 378 7 forefront forefront NN 34823 378 8 of of IN 34823 378 9 the the DT 34823 378 10 economic economic JJ 34823 378 11 value value NN 34823 378 12 of of IN 34823 378 13 oranges orange NNS 34823 378 14 the the DT 34823 378 15 gustatory gustatory NN 34823 378 16 feelings feeling NNS 34823 378 17 or or CC 34823 378 18 desires desire NNS 34823 378 19 of of IN 34823 378 20 those those DT 34823 378 21 who who WP 34823 378 22 consume consume VBP 34823 378 23 them -PRON- PRP 34823 378 24 ; ; : 34823 378 25 at at IN 34823 378 26 the the DT 34823 378 27 forefront forefront NN 34823 378 28 of of IN 34823 378 29 the the DT 34823 378 30 moral moral JJ 34823 378 31 value value NN 34823 378 32 of of IN 34823 378 33 a a DT 34823 378 34 heroic heroic JJ 34823 378 35 rescue rescue NN 34823 378 36 by by IN 34823 378 37 a a DT 34823 378 38 fireman fireman NN 34823 378 39 the the DT 34823 378 40 thrill thrill NN 34823 378 41 that that WDT 34823 378 42 runs run VBZ 34823 378 43 through through IN 34823 378 44 the the DT 34823 378 45 onlookers onlooker NNS 34823 378 46 . . . 34823 379 1 Qualitatively qualitatively RB 34823 379 2 , , , 34823 379 3 these these DT 34823 379 4 psychological psychological JJ 34823 379 5 states state NNS 34823 379 6 are be VBP 34823 379 7 different different JJ 34823 379 8 , , , 34823 379 9 as as IN 34823 379 10 those those DT 34823 379 11 who who WP 34823 379 12 have have VBP 34823 379 13 experienced experience VBN 34823 379 14 both both DT 34823 379 15 will will MD 34823 379 16 know know VB 34823 379 17 . . . 34823 380 1 But but CC 34823 380 2 it -PRON- PRP 34823 380 3 is be VBZ 34823 380 4 difficult difficult JJ 34823 380 5 indeed indeed RB 34823 380 6 to to TO 34823 380 7 put put VB 34823 380 8 the the DT 34823 380 9 difference difference NN 34823 380 10 into into IN 34823 380 11 words word NNS 34823 380 12 . . . 34823 381 1 When when WRB 34823 381 2 it -PRON- PRP 34823 381 3 comes come VBZ 34823 381 4 to to IN 34823 381 5 a a DT 34823 381 6 legal legal JJ 34823 381 7 value value NN 34823 381 8 , , , 34823 381 9 say say VBP 34823 381 10 the the DT 34823 381 11 legal legal JJ 34823 381 12 value value NN 34823 381 13 of of IN 34823 381 14 a a DT 34823 381 15 given give VBN 34823 381 16 contract contract NN 34823 381 17 right right NN 34823 381 18 which which WDT 34823 381 19 a a DT 34823 381 20 man man NN 34823 381 21 seeks seek VBZ 34823 381 22 to to TO 34823 381 23 enforce enforce VB 34823 381 24 in in IN 34823 381 25 court court NN 34823 381 26 , , , 34823 381 27 it -PRON- PRP 34823 381 28 is be VBZ 34823 381 29 not not RB 34823 381 30 easy easy JJ 34823 381 31 to to TO 34823 381 32 find find VB 34823 381 33 any any DT 34823 381 34 particular particular JJ 34823 381 35 emotion emotion NN 34823 381 36 or or CC 34823 381 37 state state NN 34823 381 38 of of IN 34823 381 39 consciousness consciousness NN 34823 381 40 which which WDT 34823 381 41 is be VBZ 34823 381 42 peculiar peculiar JJ 34823 381 43 or or CC 34823 381 44 appropriate appropriate JJ 34823 381 45 to to IN 34823 381 46 it -PRON- PRP 34823 381 47 . . . 34823 382 1 The the DT 34823 382 2 value value NN 34823 382 3 is be VBZ 34823 382 4 so so RB 34823 382 5 highly highly RB 34823 382 6 institutionalized institutionalized JJ 34823 382 7 and and CC 34823 382 8 impersonal impersonal JJ 34823 382 9 , , , 34823 382 10 that that IN 34823 382 11 it -PRON- PRP 34823 382 12 seems seem VBZ 34823 382 13 to to IN 34823 382 14 the the DT 34823 382 15 court court NN 34823 382 16 and and CC 34823 382 17 lawyers lawyer NNS 34823 382 18 and and CC 34823 382 19 even even RB 34823 382 20 the the DT 34823 382 21 litigants litigant NNS 34823 382 22 to to TO 34823 382 23 be be VB 34823 382 24 merely merely RB 34823 382 25 a a DT 34823 382 26 question question NN 34823 382 27 of of IN 34823 382 28 fact fact NN 34823 382 29 to to TO 34823 382 30 be be VB 34823 382 31 intellectually intellectually RB 34823 382 32 analyzed analyze VBN 34823 382 33 . . . 34823 383 1 Its -PRON- PRP$ 34823 383 2 roots root NNS 34823 383 3 are be VBP 34823 383 4 deep deep JJ 34823 383 5 in in IN 34823 383 6 human human JJ 34823 383 7 emotions emotion NNS 34823 383 8 , , , 34823 383 9 but but CC 34823 383 10 not not RB 34823 383 11 in in IN 34823 383 12 the the DT 34823 383 13 emotions emotion NNS 34823 383 14 , , , 34823 383 15 primarily primarily RB 34823 383 16 , , , 34823 383 17 of of IN 34823 383 18 those those DT 34823 383 19 who who WP 34823 383 20 are be VBP 34823 383 21 handling handle VBG 34823 383 22 the the DT 34823 383 23 transaction transaction NN 34823 383 24 . . . 34823 384 1 Perhaps perhaps RB 34823 384 2 the the DT 34823 384 3 jurist jurist NN 34823 384 4 has have VBZ 34823 384 5 states state NNS 34823 384 6 of of IN 34823 384 7 consciousness consciousness NN 34823 384 8 we -PRON- PRP 34823 384 9 know know VBP 34823 384 10 not not RB 34823 384 11 of of IN 34823 384 12 . . . 34823 385 1 There there EX 34823 385 2 may may MD 34823 385 3 be be VB 34823 385 4 a a DT 34823 385 5 distinctively distinctively RB 34823 385 6 legal legal JJ 34823 385 7 emotion emotion NN 34823 385 8 . . . 34823 386 1 It -PRON- PRP 34823 386 2 seems seem VBZ 34823 386 3 to to TO 34823 386 4 crop crop VB 34823 386 5 out out RP 34823 386 6 at at IN 34823 386 7 times time NNS 34823 386 8 when when WRB 34823 386 9 one one CD 34823 386 10 questions question NNS 34823 386 11 , , , 34823 386 12 in in IN 34823 386 13 conversation conversation NN 34823 386 14 with with IN 34823 386 15 a a DT 34823 386 16 judge judge NN 34823 386 17 or or CC 34823 386 18 lawyer lawyer NN 34823 386 19 , , , 34823 386 20 the the DT 34823 386 21 infallibility infallibility NN 34823 386 22 of of IN 34823 386 23 the the DT 34823 386 24 courts court NNS 34823 386 25 . . . 34823 387 1 But but CC 34823 387 2 the the DT 34823 387 3 law law NN 34823 387 4 does do VBZ 34823 387 5 not not RB 34823 387 6 derive derive VB 34823 387 7 its -PRON- PRP$ 34823 387 8 power power NN 34823 387 9 therefrom therefrom NN 34823 387 10 ! ! . 34823 388 1 Rather rather RB 34823 388 2 , , , 34823 388 3 the the DT 34823 388 4 law law NN 34823 388 5 derives derive VBZ 34823 388 6 its -PRON- PRP$ 34823 388 7 power power NN 34823 388 8 from from IN 34823 388 9 the the DT 34823 388 10 general general JJ 34823 388 11 consent consent NN 34823 388 12 and and CC 34823 388 13 acquiescence acquiescence NN 34823 388 14 and and CC 34823 388 15 support support NN 34823 388 16 of of IN 34823 388 17 the the DT 34823 388 18 mass mass NN 34823 388 19 of of IN 34823 388 20 men man NNS 34823 388 21 , , , 34823 388 22 who who WP 34823 388 23 turn turn VBP 34823 388 24 over over RP 34823 388 25 to to IN 34823 388 26 experts expert NNS 34823 388 27 the the DT 34823 388 28 details detail NNS 34823 388 29 of of IN 34823 388 30 administering administer VBG 34823 388 31 it -PRON- PRP 34823 388 32 , , , 34823 388 33 and and CC 34823 388 34 who who WP 34823 388 35 support support VBP 34823 388 36 The the DT 34823 388 37 Law Law NNP 34823 388 38 in in IN 34823 388 39 general general JJ 34823 388 40 , , , 34823 388 41 rather rather RB 34823 388 42 than than IN 34823 388 43 the the DT 34823 388 44 rule rule NN 34823 388 45 of of IN 34823 388 46 the the DT 34823 388 47 _ _ NNP 34823 388 48 corpus corpus NN 34823 388 49 delicti delicti NN 34823 388 50 _ _ NNP 34823 388 51 , , , 34823 388 52 with with IN 34823 388 53 their -PRON- PRP$ 34823 388 54 emotional emotional JJ 34823 388 55 sanction sanction NN 34823 388 56 . . . 34823 389 1 I -PRON- PRP 34823 389 2 think think VBP 34823 389 3 that that IN 34823 389 4 we -PRON- PRP 34823 389 5 have have VBP 34823 389 6 here here RB 34823 389 7 a a DT 34823 389 8 clue clue NN 34823 389 9 to to IN 34823 389 10 a a DT 34823 389 11 vital vital JJ 34823 389 12 point point NN 34823 389 13 for for IN 34823 389 14 our -PRON- PRP$ 34823 389 15 theory theory NN 34823 389 16 . . . 34823 390 1 We -PRON- PRP 34823 390 2 need nee MD 34823 390 3 not not RB 34823 390 4 expect expect VB 34823 390 5 to to TO 34823 390 6 find find VB 34823 390 7 the the DT 34823 390 8 major major JJ 34823 390 9 part part NN 34823 390 10 of of IN 34823 390 11 the the DT 34823 390 12 explanation explanation NN 34823 390 13 of of IN 34823 390 14 any any DT 34823 390 15 of of IN 34823 390 16 these these DT 34823 390 17 social social JJ 34823 390 18 values value NNS 34823 390 19 in in IN 34823 390 20 the the DT 34823 390 21 conscious conscious JJ 34823 390 22 emotions emotion NNS 34823 390 23 of of IN 34823 390 24 those those DT 34823 390 25 who who WP 34823 390 26 are be VBP 34823 390 27 moved move VBN 34823 390 28 by by IN 34823 390 29 them -PRON- PRP 34823 390 30 . . . 34823 391 1 In in IN 34823 391 2 the the DT 34823 391 3 case case NN 34823 391 4 of of IN 34823 391 5 the the DT 34823 391 6 orange orange NN 34823 391 7 or or CC 34823 391 8 the the DT 34823 391 9 heroic heroic NNP 34823 391 10 act act NNP 34823 391 11 , , , 34823 391 12 we -PRON- PRP 34823 391 13 are be VBP 34823 391 14 , , , 34823 391 15 indeed indeed RB 34823 391 16 , , , 34823 391 17 close close RB 34823 391 18 to to IN 34823 391 19 pretty pretty JJ 34823 391 20 simple simple JJ 34823 391 21 human human JJ 34823 391 22 feelings feeling NNS 34823 391 23 and and CC 34823 391 24 desires desire NNS 34823 391 25 . . . 34823 392 1 In in IN 34823 392 2 general general JJ 34823 392 3 , , , 34823 392 4 in in IN 34823 392 5 the the DT 34823 392 6 case case NN 34823 392 7 of of IN 34823 392 8 moral moral JJ 34823 392 9 values value NNS 34823 392 10 , , , 34823 392 11 the the DT 34823 392 12 individual individual JJ 34823 392 13 emotion emotion NN 34823 392 14 and and CC 34823 392 15 the the DT 34823 392 16 social social JJ 34823 392 17 value value NN 34823 392 18 are be VBP 34823 392 19 _ _ NNP 34823 392 20 qualitatively qualitatively RB 34823 392 21 _ _ NNP 34823 392 22 comparable comparable JJ 34823 392 23 , , , 34823 392 24 since since IN 34823 392 25 moral moral JJ 34823 392 26 values value NNS 34823 392 27 rarely rarely RB 34823 392 28 take take VBP 34823 392 29 on on RP 34823 392 30 a a DT 34823 392 31 highly highly RB 34823 392 32 institutional institutional JJ 34823 392 33 character character NN 34823 392 34 . . . 34823 393 1 They -PRON- PRP 34823 393 2 are be VBP 34823 393 3 more more RBR 34823 393 4 free free JJ 34823 393 5 from from IN 34823 393 6 class class NN 34823 393 7 or or CC 34823 393 8 institutional institutional JJ 34823 393 9 control control NN 34823 393 10 than than IN 34823 393 11 other other JJ 34823 393 12 social social JJ 34823 393 13 values value NNS 34823 393 14 . . . 34823 394 1 This this DT 34823 394 2 need nee MD 34823 394 3 not not RB 34823 394 4 be be VB 34823 394 5 true true JJ 34823 394 6 . . . 34823 395 1 Thus thus RB 34823 395 2 , , , 34823 395 3 the the DT 34823 395 4 plantation plantation NN 34823 395 5 negro negro NNP 34823 395 6 need nee MD 34823 395 7 not not RB 34823 395 8 feel feel VB 34823 395 9 any any DT 34823 395 10 personal personal JJ 34823 395 11 shame shame NN 34823 395 12 in in IN 34823 395 13 the the DT 34823 395 14 moral moral JJ 34823 395 15 delinquency delinquency NN 34823 395 16 which which WDT 34823 395 17 he -PRON- PRP 34823 395 18 none none NN 34823 395 19 the the DT 34823 395 20 less less JJR 34823 395 21 hides hide NNS 34823 395 22 from from IN 34823 395 23 the the DT 34823 395 24 " " `` 34823 395 25 white white JJ 34823 395 26 folks folk NNS 34823 395 27 " " '' 34823 395 28 whose whose WP$ 34823 395 29 values value NNS 34823 395 30 he -PRON- PRP 34823 395 31 must must MD 34823 395 32 more more RBR 34823 395 33 or or CC 34823 395 34 less less JJR 34823 395 35 conform conform VB 34823 395 36 to to IN 34823 395 37 . . . 34823 396 1 But but CC 34823 396 2 , , , 34823 396 3 on on IN 34823 396 4 the the DT 34823 396 5 whole whole JJ 34823 396 6 , , , 34823 396 7 moral moral JJ 34823 396 8 values value NNS 34823 396 9 are be VBP 34823 396 10 much much RB 34823 396 11 more more JJR 34823 396 12 " " `` 34823 396 13 participation participation NN 34823 396 14 values,"[33 values,"[33 NN 34823 396 15 ] ] -RRB- 34823 396 16 shared share VBN 34823 396 17 by by IN 34823 396 18 the the DT 34823 396 19 whole whole JJ 34823 396 20 group group NN 34823 396 21 in in IN 34823 396 22 common common JJ 34823 396 23 , , , 34823 396 24 than than IN 34823 396 25 are be VBP 34823 396 26 economic economic JJ 34823 396 27 values value NNS 34823 396 28 or or CC 34823 396 29 legal legal JJ 34823 396 30 values value NNS 34823 396 31 . . . 34823 397 1 When when WRB 34823 397 2 we -PRON- PRP 34823 397 3 pass pass VBP 34823 397 4 beyond beyond IN 34823 397 5 the the DT 34823 397 6 simple simple JJ 34823 397 7 case case NN 34823 397 8 of of IN 34823 397 9 a a DT 34823 397 10 consumption consumption NN 34823 397 11 good good JJ 34823 397 12 , , , 34823 397 13 and and CC 34823 397 14 get get VB 34823 397 15 into into IN 34823 397 16 the the DT 34823 397 17 realm realm NN 34823 397 18 of of IN 34823 397 19 the the DT 34823 397 20 more more RBR 34823 397 21 institutional institutional JJ 34823 397 22 economic economic JJ 34823 397 23 values value NNS 34823 397 24 , , , 34823 397 25 we -PRON- PRP 34823 397 26 lose lose VBP 34823 397 27 all all DT 34823 397 28 guidance guidance NN 34823 397 29 from from IN 34823 397 30 the the DT 34823 397 31 clue clue NN 34823 397 32 of of IN 34823 397 33 satisfactions satisfaction NNS 34823 397 34 in in IN 34823 397 35 consumption consumption NN 34823 397 36 . . . 34823 398 1 Just just RB 34823 398 2 what what WDT 34823 398 3 emotion emotion NN 34823 398 4 , , , 34823 398 5 for for IN 34823 398 6 example example NN 34823 398 7 , , , 34823 398 8 is be VBZ 34823 398 9 appropriate appropriate JJ 34823 398 10 in in IN 34823 398 11 the the DT 34823 398 12 presence presence NN 34823 398 13 of of IN 34823 398 14 the the DT 34823 398 15 four four CD 34823 398 16 and and CC 34823 398 17 a a DT 34823 398 18 half half NN 34823 398 19 per per IN 34823 398 20 cent cent NN 34823 398 21 convertible convertible JJ 34823 398 22 bond bond NN 34823 398 23 of of IN 34823 398 24 the the DT 34823 398 25 Chesapeake Chesapeake NNP 34823 398 26 and and CC 34823 398 27 Ohio Ohio NNP 34823 398 28 Railway Railway NNP 34823 398 29 Co. Co. NNP 34823 398 30 ? ? . 34823 399 1 If if IN 34823 399 2 it -PRON- PRP 34823 399 3 be be VB 34823 399 4 answered answer VBN 34823 399 5 that that IN 34823 399 6 ultimately ultimately RB 34823 399 7 that that DT 34823 399 8 bond bond NN 34823 399 9 represents represent VBZ 34823 399 10 satisfactions satisfaction NNS 34823 399 11 in in IN 34823 399 12 consumption consumption NN 34823 399 13 , , , 34823 399 14 since since IN 34823 399 15 the the DT 34823 399 16 owner owner NN 34823 399 17 of of IN 34823 399 18 it -PRON- PRP 34823 399 19 may may MD 34823 399 20 spend spend VB 34823 399 21 the the DT 34823 399 22 income income NN 34823 399 23 for for IN 34823 399 24 consumers consumer NNS 34823 399 25 ' ' POS 34823 399 26 goods good NNS 34823 399 27 , , , 34823 399 28 or or CC 34823 399 29 since since IN 34823 399 30 the the DT 34823 399 31 railroad railroad NN 34823 399 32 in in IN 34823 399 33 question question NN 34823 399 34 carries carry VBZ 34823 399 35 coal coal NN 34823 399 36 which which WDT 34823 399 37 goes go VBZ 34823 399 38 to to IN 34823 399 39 Italy Italy NNP 34823 399 40 to to TO 34823 399 41 be be VB 34823 399 42 used use VBN 34823 399 43 in in IN 34823 399 44 a a DT 34823 399 45 cruiser cruiser NN 34823 399 46 which which WDT 34823 399 47 will will MD 34823 399 48 sink sink VB 34823 399 49 an an DT 34823 399 50 Austrian austrian JJ 34823 399 51 warship warship NN 34823 399 52 , , , 34823 399 53 thereby thereby RB 34823 399 54 giving give VBG 34823 399 55 consumers consumer NNS 34823 399 56 ' ' POS 34823 399 57 satisfactions satisfaction NNS 34823 399 58 to to IN 34823 399 59 individuals individual NNS 34823 399 60 in in IN 34823 399 61 Italy Italy NNP 34823 399 62 , , , 34823 399 63 so so IN 34823 399 64 that that IN 34823 399 65 the the DT 34823 399 66 value value NN 34823 399 67 of of IN 34823 399 68 the the DT 34823 399 69 bond bond NN 34823 399 70 is be VBZ 34823 399 71 ultimately ultimately RB 34823 399 72 reducible reducible JJ 34823 399 73 to to IN 34823 399 74 specific specific JJ 34823 399 75 satisfactions satisfaction NNS 34823 399 76 of of IN 34823 399 77 given give VBN 34823 399 78 individuals individual NNS 34823 399 79 , , , 34823 399 80 we -PRON- PRP 34823 399 81 may may MD 34823 399 82 still still RB 34823 399 83 hold hold VB 34823 399 84 that that IN 34823 399 85 those those DT 34823 399 86 satisfactions satisfaction NNS 34823 399 87 do do VBP 34823 399 88 not not RB 34823 399 89 constitute constitute VB 34823 399 90 the the DT 34823 399 91 value value NN 34823 399 92 of of IN 34823 399 93 the the DT 34823 399 94 bond bond NN 34823 399 95 , , , 34823 399 96 as as IN 34823 399 97 such such JJ 34823 399 98 . . . 34823 400 1 Moreover moreover RB 34823 400 2 , , , 34823 400 3 the the DT 34823 400 4 same same JJ 34823 400 5 is be VBZ 34823 400 6 true true JJ 34823 400 7 of of IN 34823 400 8 the the DT 34823 400 9 legal legal JJ 34823 400 10 values value NNS 34823 400 11 . . . 34823 401 1 Ultimately ultimately RB 34823 401 2 , , , 34823 401 3 very very RB 34823 401 4 specific specific JJ 34823 401 5 human human JJ 34823 401 6 emotions emotion NNS 34823 401 7 are be VBP 34823 401 8 affected affect VBN 34823 401 9 by by IN 34823 401 10 the the DT 34823 401 11 rule rule NN 34823 401 12 of of IN 34823 401 13 the the DT 34823 401 14 _ _ NNP 34823 401 15 corpus corpus NN 34823 401 16 delicti delicti NN 34823 401 17 _ _ NNP 34823 401 18 , , , 34823 401 19 or or CC 34823 401 20 the the DT 34823 401 21 rule rule NN 34823 401 22 governing govern VBG 34823 401 23 pleas plea NNS 34823 401 24 in in IN 34823 401 25 _ _ NNP 34823 401 26 estoppel estoppel NN 34823 401 27 _ _ NNP 34823 401 28 . . . 34823 402 1 Both both DT 34823 402 2 in in IN 34823 402 3 legal legal JJ 34823 402 4 and and CC 34823 402 5 in in IN 34823 402 6 economic economic JJ 34823 402 7 values value NNS 34823 402 8 we -PRON- PRP 34823 402 9 have have VBP 34823 402 10 an an DT 34823 402 11 elaborate elaborate JJ 34823 402 12 and and CC 34823 402 13 complex complex JJ 34823 402 14 system system NN 34823 402 15 of of IN 34823 402 16 social social JJ 34823 402 17 psychological psychological JJ 34823 402 18 character character NN 34823 402 19 , , , 34823 402 20 which which WDT 34823 402 21 can can MD 34823 402 22 by by IN 34823 402 23 no no DT 34823 402 24 means means NN 34823 402 25 be be VB 34823 402 26 reduced reduce VBN 34823 402 27 to to IN 34823 402 28 elementary elementary JJ 34823 402 29 desires desire NNS 34823 402 30 or or CC 34823 402 31 feelings feeling NNS 34823 402 32 of of IN 34823 402 33 individuals individual NNS 34823 402 34 , , , 34823 402 35 even even RB 34823 402 36 though though IN 34823 402 37 when when WRB 34823 402 38 the the DT 34823 402 39 whole whole JJ 34823 402 40 story story NN 34823 402 41 is be VBZ 34823 402 42 told tell VBN 34823 402 43 , , , 34823 402 44 no no DT 34823 402 45 part part NN 34823 402 46 of of IN 34823 402 47 the the DT 34823 402 48 system system NN 34823 402 49 will will MD 34823 402 50 be be VB 34823 402 51 found find VBN 34823 402 52 outside outside IN 34823 402 53 the the DT 34823 402 54 minds mind NNS 34823 402 55 of of IN 34823 402 56 individual individual JJ 34823 402 57 men man NNS 34823 402 58 . . . 34823 403 1 The the DT 34823 403 2 point point NN 34823 403 3 has have VBZ 34823 403 4 been be VBN 34823 403 5 well well RB 34823 403 6 put put VBN 34823 403 7 by by IN 34823 403 8 Professor Professor NNP 34823 403 9 C. C. NNP 34823 403 10 H. H. NNP 34823 403 11 Cooley Cooley NNP 34823 403 12 : : : 34823 403 13 " " `` 34823 403 14 It -PRON- PRP 34823 403 15 would would MD 34823 403 16 be be VB 34823 403 17 as as RB 34823 403 18 reasonable reasonable JJ 34823 403 19 to to TO 34823 403 20 attempt attempt VB 34823 403 21 to to TO 34823 403 22 explain explain VB 34823 403 23 the the DT 34823 403 24 theology theology NN 34823 403 25 of of IN 34823 403 26 St. St. NNP 34823 403 27 Thomas Thomas NNP 34823 403 28 Aquinas Aquinas NNP 34823 403 29 , , , 34823 403 30 or or CC 34823 403 31 the the DT 34823 403 32 _ _ NNP 34823 403 33 Institutes Institutes NNP 34823 403 34 _ _ NNP 34823 403 35 of of IN 34823 403 36 Calvin Calvin NNP 34823 403 37 , , , 34823 403 38 by by IN 34823 403 39 the the DT 34823 403 40 immediate immediate JJ 34823 403 41 working working NN 34823 403 42 of of IN 34823 403 43 religious religious JJ 34823 403 44 instinct instinct NN 34823 403 45 as as IN 34823 403 46 to to TO 34823 403 47 explain explain VB 34823 403 48 the the DT 34823 403 49 market market NN 34823 403 50 values value NNS 34823 403 51 of of IN 34823 403 52 the the DT 34823 403 53 present present JJ 34823 403 54 time time NN 34823 403 55 by by IN 34823 403 56 the the DT 34823 403 57 immediate immediate JJ 34823 403 58 working working NN 34823 403 59 of of IN 34823 403 60 natural natural JJ 34823 403 61 wants want NNS 34823 403 62 . . . 34823 404 1 " " `` 34823 404 2 [ [ -LRB- 34823 404 3 34 34 CD 34823 404 4 ] ] -RRB- 34823 404 5 I -PRON- PRP 34823 404 6 think think VBP 34823 404 7 that that IN 34823 404 8 any any DT 34823 404 9 attempt attempt NN 34823 404 10 to to TO 34823 404 11 differentiate differentiate VB 34823 404 12 the the DT 34823 404 13 various various JJ 34823 404 14 kinds kind NNS 34823 404 15 of of IN 34823 404 16 social social JJ 34823 404 17 value value NN 34823 404 18 on on IN 34823 404 19 the the DT 34823 404 20 basis basis NN 34823 404 21 of of IN 34823 404 22 the the DT 34823 404 23 type type NN 34823 404 24 of of IN 34823 404 25 emotion emotion NN 34823 404 26 in in IN 34823 404 27 the the DT 34823 404 28 minds mind NNS 34823 404 29 of of IN 34823 404 30 those those DT 34823 404 31 who who WP 34823 404 32 have have VBP 34823 404 33 most most RBS 34823 404 34 immediately immediately RB 34823 404 35 to to TO 34823 404 36 do do VB 34823 404 37 with with IN 34823 404 38 them -PRON- PRP 34823 404 39 , , , 34823 404 40 or or CC 34823 404 41 to to TO 34823 404 42 explain explain VB 34823 404 43 them -PRON- PRP 34823 404 44 primarily primarily RB 34823 404 45 by by IN 34823 404 46 those those DT 34823 404 47 emotions emotion NNS 34823 404 48 , , , 34823 404 49 is be VBZ 34823 404 50 foredoomed foredoom VBN 34823 404 51 . . . 34823 405 1 The the DT 34823 405 2 law law NN 34823 405 3 does do VBZ 34823 405 4 not not RB 34823 405 5 get get VB 34823 405 6 its -PRON- PRP$ 34823 405 7 power power NN 34823 405 8 from from IN 34823 405 9 the the DT 34823 405 10 emotion emotion NN 34823 405 11 of of IN 34823 405 12 the the DT 34823 405 13 judge judge NN 34823 405 14 who who WP 34823 405 15 gives give VBZ 34823 405 16 a a DT 34823 405 17 decision decision NN 34823 405 18 , , , 34823 405 19 nor nor CC 34823 405 20 does do VBZ 34823 405 21 the the DT 34823 405 22 value value NN 34823 405 23 of of IN 34823 405 24 a a DT 34823 405 25 rare rare JJ 34823 405 26 painting painting NN 34823 405 27 rest rest NN 34823 405 28 chiefly chiefly RB 34823 405 29 in in IN 34823 405 30 the the DT 34823 405 31 intensity intensity NN 34823 405 32 of of IN 34823 405 33 desire desire NN 34823 405 34 of of IN 34823 405 35 the the DT 34823 405 36 few few JJ 34823 405 37 rich rich JJ 34823 405 38 connoisseurs connoisseur NNS 34823 405 39 who who WP 34823 405 40 compete compete VBP 34823 405 41 for for IN 34823 405 42 it -PRON- PRP 34823 405 43 . . . 34823 406 1 Back back RB 34823 406 2 of of IN 34823 406 3 the the DT 34823 406 4 judge judge NN 34823 406 5 , , , 34823 406 6 giving give VBG 34823 406 7 _ _ NNP 34823 406 8 validity validity NN 34823 406 9 _ _ NNP 34823 406 10 to to IN 34823 406 11 his -PRON- PRP$ 34823 406 12 decision decision NN 34823 406 13 , , , 34823 406 14 stands stand VBZ 34823 406 15 the the DT 34823 406 16 will will NN 34823 406 17 of of IN 34823 406 18 the the DT 34823 406 19 group group NN 34823 406 20 ; ; : 34823 406 21 back back RB 34823 406 22 of of IN 34823 406 23 the the DT 34823 406 24 rich rich JJ 34823 406 25 connoisseurs connoisseur NNS 34823 406 26 stand stand VBP 34823 406 27 the the DT 34823 406 28 legal legal JJ 34823 406 29 and and CC 34823 406 30 other other JJ 34823 406 31 social social JJ 34823 406 32 values value NNS 34823 406 33 concerned concern VBN 34823 406 34 with with IN 34823 406 35 the the DT 34823 406 36 distribution distribution NN 34823 406 37 of of IN 34823 406 38 wealth wealth NN 34823 406 39 , , , 34823 406 40 by by IN 34823 406 41 virtue virtue NN 34823 406 42 of of IN 34823 406 43 which which WDT 34823 406 44 they -PRON- PRP 34823 406 45 are be VBP 34823 406 46 able able JJ 34823 406 47 to to TO 34823 406 48 make make VB 34823 406 49 their -PRON- PRP$ 34823 406 50 wants want NNS 34823 406 51 felt feel VBN 34823 406 52 in in IN 34823 406 53 the the DT 34823 406 54 market market NN 34823 406 55 . . . 34823 407 1 Both both DT 34823 407 2 judge judge NN 34823 407 3 and and CC 34823 407 4 connoisseur connoisseur NN 34823 407 5 are be VBP 34823 407 6 focal focal JJ 34823 407 7 points point NNS 34823 407 8 , , , 34823 407 9 through through IN 34823 407 10 which which WDT 34823 407 11 stream stream VBP 34823 407 12 the the DT 34823 407 13 social social JJ 34823 407 14 forces force NNS 34823 407 15 affecting affect VBG 34823 407 16 the the DT 34823 407 17 values value NNS 34823 407 18 in in IN 34823 407 19 question question NN 34823 407 20 . . . 34823 408 1 Both both DT 34823 408 2 are be VBP 34823 408 3 important important JJ 34823 408 4 . . . 34823 409 1 But but CC 34823 409 2 the the DT 34823 409 3 emotions emotion NNS 34823 409 4 and and CC 34823 409 5 ideas idea NNS 34823 409 6 of of IN 34823 409 7 neither neither DT 34823 409 8 exhaust exhaust VB 34823 409 9 the the DT 34823 409 10 psychological psychological JJ 34823 409 11 causation causation NN 34823 409 12 involved involve VBN 34823 409 13 in in IN 34823 409 14 the the DT 34823 409 15 values value NNS 34823 409 16 . . . 34823 410 1 This this DT 34823 410 2 is be VBZ 34823 410 3 very very RB 34823 410 4 much much RB 34823 410 5 more more RBR 34823 410 6 apparent apparent JJ 34823 410 7 when when WRB 34823 410 8 we -PRON- PRP 34823 410 9 consider consider VBP 34823 410 10 the the DT 34823 410 11 values value NNS 34823 410 12 that that WDT 34823 410 13 arise arise VBP 34823 410 14 in in IN 34823 410 15 the the DT 34823 410 16 great great JJ 34823 410 17 speculative speculative JJ 34823 410 18 markets market NNS 34823 410 19 , , , 34823 410 20 say say VBP 34823 410 21 in in IN 34823 410 22 the the DT 34823 410 23 wheat wheat NN 34823 410 24 pit pit NN 34823 410 25 , , , 34823 410 26 or or CC 34823 410 27 the the DT 34823 410 28 stock stock NN 34823 410 29 exchange exchange NN 34823 410 30 . . . 34823 411 1 Those those DT 34823 411 2 who who WP 34823 411 3 buy buy VBP 34823 411 4 and and CC 34823 411 5 sell sell VBP 34823 411 6 are be VBP 34823 411 7 primarily primarily RB 34823 411 8 interpreters interpreter NNS 34823 411 9 , , , 34823 411 10 students student NNS 34823 411 11 , , , 34823 411 12 of of IN 34823 411 13 impersonal impersonal JJ 34823 411 14 , , , 34823 411 15 social social JJ 34823 411 16 forces force NNS 34823 411 17 , , , 34823 411 18 seeking seek VBG 34823 411 19 to to TO 34823 411 20 adjust adjust VB 34823 411 21 themselves -PRON- PRP 34823 411 22 to to IN 34823 411 23 them -PRON- PRP 34823 411 24 , , , 34823 411 25 to to TO 34823 411 26 forecast forecast VB 34823 411 27 them -PRON- PRP 34823 411 28 , , , 34823 411 29 in in IN 34823 411 30 such such PDT 34823 411 31 a a DT 34823 411 32 way way NN 34823 411 33 as as IN 34823 411 34 to to TO 34823 411 35 derive derive VB 34823 411 36 profit profit NN 34823 411 37 from from IN 34823 411 38 them -PRON- PRP 34823 411 39 . . . 34823 412 1 Their -PRON- PRP$ 34823 412 2 choices choice NNS 34823 412 3 and and CC 34823 412 4 decisions decision NNS 34823 412 5 are be VBP 34823 412 6 also also RB 34823 412 7 factors factor NNS 34823 412 8 . . . 34823 413 1 Indeed indeed RB 34823 413 2 , , , 34823 413 3 it -PRON- PRP 34823 413 4 is be VBZ 34823 413 5 possible possible JJ 34823 413 6 to to TO 34823 413 7 view view VB 34823 413 8 the the DT 34823 413 9 matter matter NN 34823 413 10 in in IN 34823 413 11 such such PDT 34823 413 12 a a DT 34823 413 13 way way NN 34823 413 14 as as IN 34823 413 15 to to TO 34823 413 16 make make VB 34823 413 17 their -PRON- PRP$ 34823 413 18 decisions decision NNS 34823 413 19 the the DT 34823 413 20 whole whole JJ 34823 413 21 story story NN 34823 413 22 . . . 34823 414 1 In in IN 34823 414 2 the the DT 34823 414 3 same same JJ 34823 414 4 way way NN 34823 414 5 , , , 34823 414 6 it -PRON- PRP 34823 414 7 is be VBZ 34823 414 8 possible possible JJ 34823 414 9 to to TO 34823 414 10 make make VB 34823 414 11 the the DT 34823 414 12 mind mind NN 34823 414 13 of of IN 34823 414 14 the the DT 34823 414 15 judge judge NN 34823 414 16 the the DT 34823 414 17 final final JJ 34823 414 18 explanation explanation NN 34823 414 19 of of IN 34823 414 20 the the DT 34823 414 21 legal legal JJ 34823 414 22 value value NN 34823 414 23 . . . 34823 415 1 But but CC 34823 415 2 the the DT 34823 415 3 speculators speculator NNS 34823 415 4 themselves -PRON- PRP 34823 415 5 are be VBP 34823 415 6 under under IN 34823 415 7 no no DT 34823 415 8 such such JJ 34823 415 9 illusion illusion NN 34823 415 10 . . . 34823 416 1 They -PRON- PRP 34823 416 2 know know VBP 34823 416 3 very very RB 34823 416 4 well well RB 34823 416 5 that that IN 34823 416 6 if if IN 34823 416 7 they -PRON- PRP 34823 416 8 run run VBP 34823 416 9 counter counter RB 34823 416 10 to to IN 34823 416 11 the the DT 34823 416 12 facts fact NNS 34823 416 13 they -PRON- PRP 34823 416 14 will will MD 34823 416 15 lose lose VB 34823 416 16 money money NN 34823 416 17 . . . 34823 417 1 And and CC 34823 417 2 the the DT 34823 417 3 judge judge NN 34823 417 4 knows know VBZ 34823 417 5 very very RB 34823 417 6 well well RB 34823 417 7 that that IN 34823 417 8 the the DT 34823 417 9 range range NN 34823 417 10 of of IN 34823 417 11 arbitrary arbitrary JJ 34823 417 12 choice choice NN 34823 417 13 which which WDT 34823 417 14 he -PRON- PRP 34823 417 15 can can MD 34823 417 16 exercise exercise VB 34823 417 17 without without IN 34823 417 18 impeachment impeachment NN 34823 417 19 , , , 34823 417 20 or or CC 34823 417 21 at at IN 34823 417 22 least least JJS 34823 417 23 without without IN 34823 417 24 reversal reversal NN 34823 417 25 by by IN 34823 417 26 a a DT 34823 417 27 higher high JJR 34823 417 28 court court NN 34823 417 29 , , , 34823 417 30 is be VBZ 34823 417 31 very very RB 34823 417 32 limited limited JJ 34823 417 33 . . . 34823 418 1 Nor nor CC 34823 418 2 is be VBZ 34823 418 3 even even RB 34823 418 4 a a DT 34823 418 5 Supreme Supreme NNP 34823 418 6 Court Court NNP 34823 418 7 of of IN 34823 418 8 the the DT 34823 418 9 United United NNP 34823 418 10 States States NNP 34823 418 11 free free JJ 34823 418 12 to to TO 34823 418 13 do do VB 34823 418 14 its -PRON- PRP$ 34823 418 15 arbitrary arbitrary JJ 34823 418 16 will will NN 34823 418 17 . . . 34823 419 1 Just just RB 34823 419 2 because because IN 34823 419 3 it -PRON- PRP 34823 419 4 is be VBZ 34823 419 5 so so RB 34823 419 6 conspicuous conspicuous JJ 34823 419 7 , , , 34823 419 8 and and CC 34823 419 9 because because IN 34823 419 10 its -PRON- PRP$ 34823 419 11 doings doing NNS 34823 419 12 are be VBP 34823 419 13 so so RB 34823 419 14 important important JJ 34823 419 15 , , , 34823 419 16 it -PRON- PRP 34823 419 17 has have VBZ 34823 419 18 manifested manifest VBN 34823 419 19 more more JJR 34823 419 20 respect respect NN 34823 419 21 for for IN 34823 419 22 judicial judicial JJ 34823 419 23 tradition tradition NN 34823 419 24 , , , 34823 419 25 and and CC 34823 419 26 more more RBR 34823 419 27 responsiveness responsiveness NN 34823 419 28 to to IN 34823 419 29 the the DT 34823 419 30 tides tide NNS 34823 419 31 of of IN 34823 419 32 public public JJ 34823 419 33 sentiment sentiment NN 34823 419 34 , , , 34823 419 35 than than IN 34823 419 36 any any DT 34823 419 37 other other JJ 34823 419 38 court court NN 34823 419 39 in in IN 34823 419 40 the the DT 34823 419 41 Federal Federal NNP 34823 419 42 Judiciary Judiciary NNP 34823 419 43 . . . 34823 420 1 [ [ -LRB- 34823 420 2 35 35 CD 34823 420 3 ] ] -RRB- 34823 420 4 The the DT 34823 420 5 head head NN 34823 420 6 of of IN 34823 420 7 a a DT 34823 420 8 great great JJ 34823 420 9 banking banking NN 34823 420 10 house house NN 34823 420 11 makes make VBZ 34823 420 12 a a DT 34823 420 13 decision decision NN 34823 420 14 regarding regard VBG 34823 420 15 an an DT 34823 420 16 underwriting underwriting NN 34823 420 17 operation operation NN 34823 420 18 . . . 34823 421 1 On on IN 34823 421 2 his -PRON- PRP$ 34823 421 3 decision decision NN 34823 421 4 depends depend VBZ 34823 421 5 the the DT 34823 421 6 question question NN 34823 421 7 of of IN 34823 421 8 whether whether IN 34823 421 9 or or CC 34823 421 10 not not RB 34823 421 11 the the DT 34823 421 12 securities security NNS 34823 421 13 are be VBP 34823 421 14 issued issue VBN 34823 421 15 . . . 34823 422 1 On on IN 34823 422 2 the the DT 34823 422 3 issue issue NN 34823 422 4 of of IN 34823 422 5 the the DT 34823 422 6 new new JJ 34823 422 7 securities security NNS 34823 422 8 depends depend VBZ 34823 422 9 , , , 34823 422 10 in in IN 34823 422 11 part part NN 34823 422 12 , , , 34823 422 13 the the DT 34823 422 14 values value NNS 34823 422 15 of of IN 34823 422 16 the the DT 34823 422 17 existing exist VBG 34823 422 18 securities security NNS 34823 422 19 of of IN 34823 422 20 the the DT 34823 422 21 corporation corporation NN 34823 422 22 in in IN 34823 422 23 question question NN 34823 422 24 , , , 34823 422 25 and and CC 34823 422 26 the the DT 34823 422 27 nature nature NN 34823 422 28 of of IN 34823 422 29 the the DT 34823 422 30 future future JJ 34823 422 31 employment employment NN 34823 422 32 of of IN 34823 422 33 thousands thousand NNS 34823 422 34 of of IN 34823 422 35 men man NNS 34823 422 36 and and CC 34823 422 37 great great JJ 34823 422 38 quantities quantity NNS 34823 422 39 of of IN 34823 422 40 land land NN 34823 422 41 and and CC 34823 422 42 capital capital NN 34823 422 43 . . . 34823 423 1 Tremendous tremendous JJ 34823 423 2 power power NN 34823 423 3 is be VBZ 34823 423 4 concentrated concentrate VBN 34823 423 5 in in IN 34823 423 6 the the DT 34823 423 7 hands hand NNS 34823 423 8 of of IN 34823 423 9 this this DT 34823 423 10 banker banker NN 34823 423 11 . . . 34823 424 1 But but CC 34823 424 2 it -PRON- PRP 34823 424 3 is be VBZ 34823 424 4 not not RB 34823 424 5 _ _ IN 34823 424 6 his -PRON- PRP$ 34823 424 7 _ _ NNP 34823 424 8 power power NN 34823 424 9 ! ! . 34823 425 1 He -PRON- PRP 34823 425 2 can can MD 34823 425 3 not not RB 34823 425 4 exercise exercise VB 34823 425 5 it -PRON- PRP 34823 425 6 in in IN 34823 425 7 an an DT 34823 425 8 arbitrary arbitrary JJ 34823 425 9 or or CC 34823 425 10 capricious capricious JJ 34823 425 11 way way NN 34823 425 12 . . . 34823 426 1 He -PRON- PRP 34823 426 2 approaches approach VBZ 34823 426 3 his -PRON- PRP$ 34823 426 4 problem problem NN 34823 426 5 in in IN 34823 426 6 much much RB 34823 426 7 the the DT 34823 426 8 same same JJ 34823 426 9 spirit spirit NN 34823 426 10 that that WDT 34823 426 11 the the DT 34823 426 12 judge judge NN 34823 426 13 approaches approach VBZ 34823 426 14 a a DT 34823 426 15 disputed disputed JJ 34823 426 16 question question NN 34823 426 17 of of IN 34823 426 18 law law NN 34823 426 19 . . . 34823 427 1 He -PRON- PRP 34823 427 2 analyzes analyze VBZ 34823 427 3 the the DT 34823 427 4 factors factor NNS 34823 427 5 involved involve VBN 34823 427 6 . . . 34823 428 1 He -PRON- PRP 34823 428 2 considers consider VBZ 34823 428 3 the the DT 34823 428 4 condition condition NN 34823 428 5 of of IN 34823 428 6 the the DT 34823 428 7 money money NN 34823 428 8 - - HYPH 34823 428 9 market market NN 34823 428 10 , , , 34823 428 11 the the DT 34823 428 12 question question NN 34823 428 13 of of IN 34823 428 14 the the DT 34823 428 15 probable probable JJ 34823 428 16 ease ease NN 34823 428 17 or or CC 34823 428 18 difficulty difficulty NN 34823 428 19 of of IN 34823 428 20 marketing market VBG 34823 428 21 the the DT 34823 428 22 new new JJ 34823 428 23 securities security NNS 34823 428 24 to to IN 34823 428 25 investors investor NNS 34823 428 26 , , , 34823 428 27 the the DT 34823 428 28 prospects prospect NNS 34823 428 29 of of IN 34823 428 30 the the DT 34823 428 31 business business NN 34823 428 32 of of IN 34823 428 33 the the DT 34823 428 34 corporation corporation NN 34823 428 35 in in IN 34823 428 36 question question NN 34823 428 37 , , , 34823 428 38 the the DT 34823 428 39 probable probable JJ 34823 428 40 future future JJ 34823 428 41 demand demand NN 34823 428 42 for for IN 34823 428 43 its -PRON- PRP$ 34823 428 44 products product NNS 34823 428 45 , , , 34823 428 46 the the DT 34823 428 47 stability stability NN 34823 428 48 of of IN 34823 428 49 that that DT 34823 428 50 demand demand NN 34823 428 51 , , , 34823 428 52 the the DT 34823 428 53 personnel personnel NNS 34823 428 54 of of IN 34823 428 55 the the DT 34823 428 56 management management NN 34823 428 57 of of IN 34823 428 58 the the DT 34823 428 59 corporation corporation NN 34823 428 60 , , , 34823 428 61 the the DT 34823 428 62 attitude attitude NN 34823 428 63 of of IN 34823 428 64 the the DT 34823 428 65 government government NN 34823 428 66 toward toward IN 34823 428 67 it -PRON- PRP 34823 428 68 , , , 34823 428 69 the the DT 34823 428 70 nature nature NN 34823 428 71 of of IN 34823 428 72 its -PRON- PRP$ 34823 428 73 other other JJ 34823 428 74 outstanding outstanding JJ 34823 428 75 securities security NNS 34823 428 76 , , , 34823 428 77 with with IN 34823 428 78 special special JJ 34823 428 79 reference reference NN 34823 428 80 to to IN 34823 428 81 the the DT 34823 428 82 proportion proportion NN 34823 428 83 of of IN 34823 428 84 bonds bond NNS 34823 428 85 to to IN 34823 428 86 stocks stock NNS 34823 428 87 , , , 34823 428 88 and and CC 34823 428 89 the the DT 34823 428 90 amount amount NN 34823 428 91 of of IN 34823 428 92 " " `` 34823 428 93 fixed fix VBN 34823 428 94 charges charge NNS 34823 428 95 " " '' 34823 428 96 against against IN 34823 428 97 its -PRON- PRP$ 34823 428 98 earnings earning NNS 34823 428 99 . . . 34823 429 1 He -PRON- PRP 34823 429 2 may may MD 34823 429 3 also also RB 34823 429 4 take take VB 34823 429 5 into into IN 34823 429 6 account account NN 34823 429 7 other other JJ 34823 429 8 enterprises enterprise NNS 34823 429 9 of of IN 34823 429 10 similar similar JJ 34823 429 11 character character NN 34823 429 12 which which WDT 34823 429 13 he -PRON- PRP 34823 429 14 has have VBZ 34823 429 15 connections connection NNS 34823 429 16 with with IN 34823 429 17 , , , 34823 429 18 and and CC 34823 429 19 the the DT 34823 429 20 question question NN 34823 429 21 of of IN 34823 429 22 whether whether IN 34823 429 23 or or CC 34823 429 24 not not RB 34823 429 25 building build VBG 34823 429 26 up up RP 34823 429 27 the the DT 34823 429 28 corporation corporation NN 34823 429 29 in in IN 34823 429 30 question question NN 34823 429 31 may may MD 34823 429 32 injure injure VB 34823 429 33 other other JJ 34823 429 34 corporations corporation NNS 34823 429 35 to to TO 34823 429 36 which which WDT 34823 429 37 he -PRON- PRP 34823 429 38 has have VBZ 34823 429 39 responsibilities responsibility NNS 34823 429 40 . . . 34823 430 1 He -PRON- PRP 34823 430 2 looks look VBZ 34823 430 3 far far RB 34823 430 4 into into IN 34823 430 5 the the DT 34823 430 6 future future NN 34823 430 7 , , , 34823 430 8 seeking seek VBG 34823 430 9 to to TO 34823 430 10 conserve conserve VB 34823 430 11 his -PRON- PRP$ 34823 430 12 prestige prestige NN 34823 430 13 , , , 34823 430 14 and and CC 34823 430 15 unwilling unwilling JJ 34823 430 16 to to TO 34823 430 17 assume assume VB 34823 430 18 responsibility responsibility NN 34823 430 19 for for IN 34823 430 20 an an DT 34823 430 21 issue issue NN 34823 430 22 which which WDT 34823 430 23 investors investor NNS 34823 430 24 will will MD 34823 430 25 later later RB 34823 430 26 lose lose VB 34823 430 27 faith faith NN 34823 430 28 in in RP 34823 430 29 . . . 34823 431 1 Proximately proximately RB 34823 431 2 , , , 34823 431 3 his -PRON- PRP$ 34823 431 4 decision decision NN 34823 431 5 is be VBZ 34823 431 6 tremendously tremendously RB 34823 431 7 important important JJ 34823 431 8 , , , 34823 431 9 and and CC 34823 431 10 his -PRON- PRP$ 34823 431 11 thoughts thought NNS 34823 431 12 and and CC 34823 431 13 feelings feeling NNS 34823 431 14 are be VBP 34823 431 15 of of IN 34823 431 16 immense immense JJ 34823 431 17 significance significance NN 34823 431 18 , , , 34823 431 19 but but CC 34823 431 20 ultimately ultimately RB 34823 431 21 , , , 34823 431 22 _ _ NNP 34823 431 23 they -PRON- PRP 34823 431 24 _ _ NNP 34823 431 25 are be VBP 34823 431 26 determined determine VBN 34823 431 27 by by IN 34823 431 28 all all DT 34823 431 29 manner manner NN 34823 431 30 of of IN 34823 431 31 social social JJ 34823 431 32 considerations consideration NNS 34823 431 33 , , , 34823 431 34 and and CC 34823 431 35 _ _ NNP 34823 431 36 always always RB 34823 431 37 _ _ NNP 34823 431 38 , , , 34823 431 39 _ _ NNP 34823 431 40 the the DT 34823 431 41 degree degree NN 34823 431 42 to to TO 34823 431 43 which which WDT 34823 431 44 they -PRON- PRP 34823 431 45 count count VBP 34823 431 46 _ _ NNP 34823 431 47 in in IN 34823 431 48 determining determine VBG 34823 431 49 values value NNS 34823 431 50 depends depend VBZ 34823 431 51 on on IN 34823 431 52 his -PRON- PRP$ 34823 431 53 weight weight NN 34823 431 54 in in IN 34823 431 55 the the DT 34823 431 56 economic economic JJ 34823 431 57 situation situation NN 34823 431 58 , , , 34823 431 59 which which WDT 34823 431 60 rests rest VBZ 34823 431 61 ( ( -LRB- 34823 431 62 1 1 CD 34823 431 63 ) ) -RRB- 34823 431 64 on on IN 34823 431 65 his -PRON- PRP$ 34823 431 66 _ _ NNP 34823 431 67 prestige prestige NN 34823 431 68 _ _ NNP 34823 431 69 , , , 34823 431 70 _ _ NNP 34823 431 71 i. i. NNP 34823 432 1 e. e. NNP 34823 432 2 _ _ NNP 34823 432 3 , , , 34823 432 4 the the DT 34823 432 5 massing massing NN 34823 432 6 of of IN 34823 432 7 beliefs belief NNS 34823 432 8 and and CC 34823 432 9 hopes hope NNS 34823 432 10 of of IN 34823 432 11 many many JJ 34823 432 12 men man NNS 34823 432 13 , , , 34823 432 14 ( ( -LRB- 34823 432 15 2 2 LS 34823 432 16 ) ) -RRB- 34823 432 17 on on IN 34823 432 18 his -PRON- PRP$ 34823 432 19 _ _ NNP 34823 432 20 wealth wealth NN 34823 432 21 _ _ NNP 34823 432 22 , , , 34823 432 23 which which WDT 34823 432 24 rests rest VBZ 34823 432 25 in in IN 34823 432 26 the the DT 34823 432 27 legal legal JJ 34823 432 28 and and CC 34823 432 29 moral moral JJ 34823 432 30 values value NNS 34823 432 31 governing govern VBG 34823 432 32 distribution distribution NN 34823 432 33 , , , 34823 432 34 and and CC 34823 432 35 ( ( -LRB- 34823 432 36 3 3 LS 34823 432 37 ) ) -RRB- 34823 432 38 on on IN 34823 432 39 his -PRON- PRP$ 34823 432 40 institutional institutional JJ 34823 432 41 relationships relationship NNS 34823 432 42 , , , 34823 432 43 which which WDT 34823 432 44 again again RB 34823 432 45 are be VBP 34823 432 46 psychological psychological JJ 34823 432 47 facts fact NNS 34823 432 48 , , , 34823 432 49 partly partly RB 34823 432 50 legal legal JJ 34823 432 51 in in IN 34823 432 52 character character NN 34823 432 53 . . . 34823 433 1 He -PRON- PRP 34823 433 2 is be VBZ 34823 433 3 as as RB 34823 433 4 much much JJ 34823 433 5 a a DT 34823 433 6 social social JJ 34823 433 7 instrument instrument NN 34823 433 8 as as IN 34823 433 9 is be VBZ 34823 433 10 the the DT 34823 433 11 judge judge NN 34823 433 12 . . . 34823 434 1 Both both DT 34823 434 2 may may MD 34823 434 3 abuse abuse VB 34823 434 4 their -PRON- PRP$ 34823 434 5 power power NN 34823 434 6 . . . 34823 435 1 Both both DT 34823 435 2 do do VBP 34823 435 3 at at IN 34823 435 4 times time NNS 34823 435 5 abuse abuse VB 34823 435 6 their -PRON- PRP$ 34823 435 7 power power NN 34823 435 8 . . . 34823 436 1 But but CC 34823 436 2 the the DT 34823 436 3 significant significant JJ 34823 436 4 point point NN 34823 436 5 is be VBZ 34823 436 6 that that IN 34823 436 7 the the DT 34823 436 8 power power NN 34823 436 9 both both DT 34823 436 10 have have VBP 34823 436 11 is be VBZ 34823 436 12 social social JJ 34823 436 13 power power NN 34823 436 14 , , , 34823 436 15 and and CC 34823 436 16 is be VBZ 34823 436 17 in in IN 34823 436 18 no no DT 34823 436 19 sense sense NN 34823 436 20 proportional proportional JJ 34823 436 21 to to IN 34823 436 22 the the DT 34823 436 23 intensity intensity NN 34823 436 24 of of IN 34823 436 25 their -PRON- PRP$ 34823 436 26 own own JJ 34823 436 27 emotions emotion NNS 34823 436 28 . . . 34823 437 1 It -PRON- PRP 34823 437 2 arises arise VBZ 34823 437 3 from from IN 34823 437 4 the the DT 34823 437 5 emotional emotional JJ 34823 437 6 power power NN 34823 437 7 in in IN 34823 437 8 the the DT 34823 437 9 minds mind NNS 34823 437 10 of of IN 34823 437 11 many many JJ 34823 437 12 men man NNS 34823 437 13 . . . 34823 438 1 It -PRON- PRP 34823 438 2 would would MD 34823 438 3 be be VB 34823 438 4 easy easy JJ 34823 438 5 to to TO 34823 438 6 elaborate elaborate VB 34823 438 7 the the DT 34823 438 8 points point NNS 34823 438 9 in in IN 34823 438 10 which which WDT 34823 438 11 morals moral NNS 34823 438 12 , , , 34823 438 13 laws law NNS 34823 438 14 , , , 34823 438 15 and and CC 34823 438 16 economic economic JJ 34823 438 17 values value NNS 34823 438 18 are be VBP 34823 438 19 alike alike RB 34823 438 20 , , , 34823 438 21 and and CC 34823 438 22 to to TO 34823 438 23 show show VB 34823 438 24 in in IN 34823 438 25 detail detail NN 34823 438 26 that that IN 34823 438 27 the the DT 34823 438 28 theory theory NN 34823 438 29 of of IN 34823 438 30 economic economic JJ 34823 438 31 value value NN 34823 438 32 is be VBZ 34823 438 33 merely merely RB 34823 438 34 a a DT 34823 438 35 special special JJ 34823 438 36 case case NN 34823 438 37 of of IN 34823 438 38 the the DT 34823 438 39 general general JJ 34823 438 40 theory theory NN 34823 438 41 of of IN 34823 438 42 social social JJ 34823 438 43 value value NN 34823 438 44 . . . 34823 439 1 For for IN 34823 439 2 our -PRON- PRP$ 34823 439 3 present present JJ 34823 439 4 purposes purpose NNS 34823 439 5 , , , 34823 439 6 however however RB 34823 439 7 , , , 34823 439 8 it -PRON- PRP 34823 439 9 is be VBZ 34823 439 10 enough enough JJ 34823 439 11 to to TO 34823 439 12 have have VB 34823 439 13 illustrated illustrate VBN 34823 439 14 the the DT 34823 439 15 general general JJ 34823 439 16 doctrine doctrine NN 34823 439 17 , , , 34823 439 18 and and CC 34823 439 19 to to TO 34823 439 20 have have VB 34823 439 21 set set VBN 34823 439 22 up up RP 34823 439 23 the the DT 34823 439 24 economic economic JJ 34823 439 25 values value NNS 34823 439 26 as as IN 34823 439 27 true true JJ 34823 439 28 social social JJ 34823 439 29 forces force NNS 34823 439 30 . . . 34823 440 1 It -PRON- PRP 34823 440 2 may may MD 34823 440 3 be be VB 34823 440 4 noticed notice VBN 34823 440 5 that that IN 34823 440 6 the the DT 34823 440 7 effort effort NN 34823 440 8 to to TO 34823 440 9 differentiate differentiate VB 34823 440 10 the the DT 34823 440 11 different different JJ 34823 440 12 kinds kind NNS 34823 440 13 of of IN 34823 440 14 value value NN 34823 440 15 is be VBZ 34823 440 16 not not RB 34823 440 17 altogether altogether RB 34823 440 18 successful successful JJ 34823 440 19 . . . 34823 441 1 They -PRON- PRP 34823 441 2 are be VBP 34823 441 3 not not RB 34823 441 4 in in IN 34823 441 5 watertight watertight JJ 34823 441 6 compartments compartment NNS 34823 441 7 in in IN 34823 441 8 social social JJ 34823 441 9 life life NN 34823 441 10 . . . 34823 442 1 It -PRON- PRP 34823 442 2 is be VBZ 34823 442 3 a a DT 34823 442 4 commonplace commonplace NN 34823 442 5 among among IN 34823 442 6 students student NNS 34823 442 7 of of IN 34823 442 8 ethics ethic NNS 34823 442 9 that that IN 34823 442 10 moral moral JJ 34823 442 11 values value NNS 34823 442 12 grow grow VBP 34823 442 13 , , , 34823 442 14 in in IN 34823 442 15 greater great JJR 34823 442 16 or or CC 34823 442 17 less less JJR 34823 442 18 degree degree NN 34823 442 19 , , , 34823 442 20 out out IN 34823 442 21 of of IN 34823 442 22 economic economic JJ 34823 442 23 factors factor NNS 34823 442 24 . . . 34823 443 1 Indeed indeed RB 34823 443 2 , , , 34823 443 3 the the DT 34823 443 4 " " `` 34823 443 5 economic economic JJ 34823 443 6 interpretation interpretation NN 34823 443 7 of of IN 34823 443 8 history history NN 34823 443 9 " " '' 34823 443 10 has have VBZ 34823 443 11 as as IN 34823 443 12 its -PRON- PRP$ 34823 443 13 central central JJ 34823 443 14 theme theme NN 34823 443 15 the the DT 34823 443 16 doctrine doctrine NN 34823 443 17 that that DT 34823 443 18 morality morality NN 34823 443 19 , , , 34823 443 20 law law NN 34823 443 21 , , , 34823 443 22 and and CC 34823 443 23 ideal ideal JJ 34823 443 24 values value NNS 34823 443 25 in in IN 34823 443 26 general general JJ 34823 443 27 are be VBP 34823 443 28 governed govern VBN 34823 443 29 by by IN 34823 443 30 the the DT 34823 443 31 economic economic JJ 34823 443 32 situation situation NN 34823 443 33 . . . 34823 444 1 This this DT 34823 444 2 is be VBZ 34823 444 3 a a DT 34823 444 4 one one CD 34823 444 5 - - HYPH 34823 444 6 sided sided JJ 34823 444 7 view view NN 34823 444 8 . . . 34823 445 1 Moral moral JJ 34823 445 2 and and CC 34823 445 3 legal legal JJ 34823 445 4 values value NNS 34823 445 5 are be VBP 34823 445 6 influenced influence VBN 34823 445 7 and and CC 34823 445 8 modified modify VBN 34823 445 9 by by IN 34823 445 10 economic economic JJ 34823 445 11 forces force NNS 34823 445 12 . . . 34823 446 1 Legal legal JJ 34823 446 2 and and CC 34823 446 3 moral moral JJ 34823 446 4 values value NNS 34823 446 5 do do VBP 34823 446 6 , , , 34823 446 7 in in IN 34823 446 8 part part NN 34823 446 9 , , , 34823 446 10 derive derive VBP 34823 446 11 their -PRON- PRP$ 34823 446 12 power power NN 34823 446 13 from from IN 34823 446 14 economic economic JJ 34823 446 15 values value NNS 34823 446 16 . . . 34823 447 1 But but CC 34823 447 2 on on IN 34823 447 3 the the DT 34823 447 4 other other JJ 34823 447 5 hand hand NN 34823 447 6 , , , 34823 447 7 economic economic JJ 34823 447 8 values value NNS 34823 447 9 likewise likewise RB 34823 447 10 derive derive VBP 34823 447 11 part part NN 34823 447 12 of of IN 34823 447 13 their -PRON- PRP$ 34823 447 14 power power NN 34823 447 15 from from IN 34823 447 16 legal legal JJ 34823 447 17 and and CC 34823 447 18 moral moral JJ 34823 447 19 values value NNS 34823 447 20 . . . 34823 448 1 The the DT 34823 448 2 " " `` 34823 448 3 social social JJ 34823 448 4 mind mind NN 34823 448 5 " " '' 34823 448 6 is be VBZ 34823 448 7 an an DT 34823 448 8 organic organic JJ 34823 448 9 whole whole NN 34823 448 10 , , , 34823 448 11 in in IN 34823 448 12 which which WDT 34823 448 13 no no DT 34823 448 14 factors factor NNS 34823 448 15 exist exist VBP 34823 448 16 " " `` 34823 448 17 pure pure JJ 34823 448 18 , , , 34823 448 19 " " '' 34823 448 20 and and CC 34823 448 21 in in IN 34823 448 22 which which WDT 34823 448 23 there there EX 34823 448 24 is be VBZ 34823 448 25 constant constant JJ 34823 448 26 give give NN 34823 448 27 and and CC 34823 448 28 take take VB 34823 448 29 . . . 34823 449 1 The the DT 34823 449 2 effort effort NN 34823 449 3 to to TO 34823 449 4 explain explain VB 34823 449 5 moral moral JJ 34823 449 6 values value NNS 34823 449 7 by by IN 34823 449 8 a a DT 34823 449 9 single single JJ 34823 449 10 principle principle NN 34823 449 11 , , , 34823 449 12 as as IN 34823 449 13 sympathy sympathy NN 34823 449 14 , , , 34823 449 15 legal legal JJ 34823 449 16 values value NNS 34823 449 17 by by IN 34823 449 18 another another DT 34823 449 19 simple simple JJ 34823 449 20 principle principle NN 34823 449 21 , , , 34823 449 22 as as IN 34823 449 23 fear fear NN 34823 449 24 , , , 34823 449 25 and and CC 34823 449 26 economic economic JJ 34823 449 27 values value NNS 34823 449 28 by by IN 34823 449 29 a a DT 34823 449 30 different different JJ 34823 449 31 simple simple JJ 34823 449 32 principle principle NN 34823 449 33 , , , 34823 449 34 as as IN 34823 449 35 utility utility NN 34823 449 36 , , , 34823 449 37 is be VBZ 34823 449 38 foredoomed foredoom VBN 34823 449 39 . . . 34823 450 1 It -PRON- PRP 34823 450 2 has have VBZ 34823 450 3 been be VBN 34823 450 4 given give VBN 34823 450 5 up up RP 34823 450 6 by by IN 34823 450 7 the the DT 34823 450 8 students student NNS 34823 450 9 of of IN 34823 450 10 law law NN 34823 450 11 and and CC 34823 450 12 morals moral NNS 34823 450 13 , , , 34823 450 14 and and CC 34823 450 15 should should MD 34823 450 16 be be VB 34823 450 17 abandoned abandon VBN 34823 450 18 by by IN 34823 450 19 the the DT 34823 450 20 students student NNS 34823 450 21 of of IN 34823 450 22 economics economic NNS 34823 450 23 . . . 34823 451 1 Let let VB 34823 451 2 us -PRON- PRP 34823 451 3 consider consider VB 34823 451 4 more more RBR 34823 451 5 narrowly narrowly RB 34823 451 6 the the DT 34823 451 7 main main JJ 34823 451 8 factors factor NNS 34823 451 9 affecting affect VBG 34823 451 10 and and CC 34823 451 11 explaining explain VBG 34823 451 12 economic economic JJ 34823 451 13 social social JJ 34823 451 14 values value NNS 34823 451 15 . . . 34823 452 1 Let let VB 34823 452 2 us -PRON- PRP 34823 452 3 take take VB 34823 452 4 , , , 34823 452 5 first first RB 34823 452 6 , , , 34823 452 7 the the DT 34823 452 8 simplest simple JJS 34823 452 9 case case NN 34823 452 10 , , , 34823 452 11 that that IN 34823 452 12 of of IN 34823 452 13 goods good NNS 34823 452 14 and and CC 34823 452 15 services service NNS 34823 452 16 which which WDT 34823 452 17 minister minister NNP 34823 452 18 directly directly RB 34823 452 19 to to IN 34823 452 20 human human JJ 34823 452 21 wants want NNS 34823 452 22 , , , 34823 452 23 goods good NNS 34823 452 24 and and CC 34823 452 25 services service NNS 34823 452 26 " " '' 34823 452 27 of of IN 34823 452 28 the the DT 34823 452 29 first first JJ 34823 452 30 order order NN 34823 452 31 . . . 34823 452 32 " " '' 34823 453 1 Goods good NNS 34823 453 2 of of IN 34823 453 3 this this DT 34823 453 4 sort sort NN 34823 453 5 would would MD 34823 453 6 be be VB 34823 453 7 oranges orange NNS 34823 453 8 , , , 34823 453 9 bread bread NN 34823 453 10 , , , 34823 453 11 clothing clothing NN 34823 453 12 , , , 34823 453 13 jewels jewel NNS 34823 453 14 . . . 34823 454 1 Services service NNS 34823 454 2 of of IN 34823 454 3 this this DT 34823 454 4 sort sort NN 34823 454 5 would would MD 34823 454 6 be be VB 34823 454 7 the the DT 34823 454 8 services service NNS 34823 454 9 of of IN 34823 454 10 the the DT 34823 454 11 barber barber NN 34823 454 12 , , , 34823 454 13 the the DT 34823 454 14 valet valet NN 34823 454 15 , , , 34823 454 16 the the DT 34823 454 17 physician physician NN 34823 454 18 , , , 34823 454 19 the the DT 34823 454 20 preacher preacher NN 34823 454 21 , , , 34823 454 22 the the DT 34823 454 23 teacher teacher NN 34823 454 24 , , , 34823 454 25 the the DT 34823 454 26 actor actor NN 34823 454 27 . . . 34823 455 1 I -PRON- PRP 34823 455 2 abstract abstract VBP 34823 455 3 , , , 34823 455 4 in in IN 34823 455 5 discussing discuss VBG 34823 455 6 these these DT 34823 455 7 values value NNS 34823 455 8 , , , 34823 455 9 from from IN 34823 455 10 the the DT 34823 455 11 complications complication NNS 34823 455 12 that that WDT 34823 455 13 grow grow VBP 34823 455 14 out out IN 34823 455 15 of of IN 34823 455 16 the the DT 34823 455 17 friction friction NN 34823 455 18 in in IN 34823 455 19 retail retail JJ 34823 455 20 trade trade NN 34823 455 21 , , , 34823 455 22 and and CC 34823 455 23 the the DT 34823 455 24 existence existence NN 34823 455 25 of of IN 34823 455 26 many many JJ 34823 455 27 customary customary JJ 34823 455 28 prices price NNS 34823 455 29 , , , 34823 455 30 and and CC 34823 455 31 prices price NNS 34823 455 32 fixed fix VBN 34823 455 33 by by IN 34823 455 34 other other JJ 34823 455 35 than than IN 34823 455 36 economic economic JJ 34823 455 37 values value NNS 34823 455 38 , , , 34823 455 39 in in IN 34823 455 40 the the DT 34823 455 41 case case NN 34823 455 42 of of IN 34823 455 43 teachers teacher NNS 34823 455 44 , , , 34823 455 45 or or CC 34823 455 46 preachers preacher NNS 34823 455 47 . . . 34823 456 1 I -PRON- PRP 34823 456 2 shall shall MD 34823 456 3 concentrate concentrate VB 34823 456 4 attention attention NN 34823 456 5 upon upon IN 34823 456 6 such such JJ 34823 456 7 things thing NNS 34823 456 8 as as IN 34823 456 9 oranges orange NNS 34823 456 10 , , , 34823 456 11 bread bread NN 34823 456 12 , , , 34823 456 13 clothing clothing NN 34823 456 14 , , , 34823 456 15 and and CC 34823 456 16 jewels jewel NNS 34823 456 17 . . . 34823 457 1 The the DT 34823 457 2 _ _ NNP 34823 457 3 focus focus NN 34823 457 4 _ _ NNP 34823 457 5 of of IN 34823 457 6 the the DT 34823 457 7 values value NNS 34823 457 8 of of IN 34823 457 9 these these DT 34823 457 10 things thing NNS 34823 457 11 , , , 34823 457 12 and and CC 34823 457 13 an an DT 34823 457 14 essential essential JJ 34823 457 15 condition condition NN 34823 457 16 of of IN 34823 457 17 their -PRON- PRP$ 34823 457 18 existence existence NN 34823 457 19 , , , 34823 457 20 is be VBZ 34823 457 21 their -PRON- PRP$ 34823 457 22 utility utility NN 34823 457 23 , , , 34823 457 24 that that DT 34823 457 25 is be VBZ 34823 457 26 to to TO 34823 457 27 say say VB 34823 457 28 , , , 34823 457 29 their -PRON- PRP$ 34823 457 30 power power NN 34823 457 31 to to TO 34823 457 32 satisfy satisfy VB 34823 457 33 human human JJ 34823 457 34 wants want NNS 34823 457 35 . . . 34823 458 1 Utility utility NN 34823 458 2 as as IN 34823 458 3 used use VBN 34823 458 4 in in IN 34823 458 5 economics economic NNS 34823 458 6 does do VBZ 34823 458 7 not not RB 34823 458 8 mean mean VB 34823 458 9 usefulness usefulness NN 34823 458 10 in in IN 34823 458 11 any any DT 34823 458 12 moral moral JJ 34823 458 13 sense sense NN 34823 458 14 . . . 34823 459 1 From from IN 34823 459 2 the the DT 34823 459 3 standpoint standpoint NN 34823 459 4 of of IN 34823 459 5 the the DT 34823 459 6 economist economist NN 34823 459 7 , , , 34823 459 8 whiskey whiskey NN 34823 459 9 and and CC 34823 459 10 opium opium NN 34823 459 11 are be VBP 34823 459 12 as as RB 34823 459 13 useful useful JJ 34823 459 14 as as IN 34823 459 15 bread bread NN 34823 459 16 , , , 34823 459 17 if if IN 34823 459 18 they -PRON- PRP 34823 459 19 satisfy satisfy VBP 34823 459 20 wants want VBZ 34823 459 21 equally equally RB 34823 459 22 intense intense JJ 34823 459 23 . . . 34823 460 1 And and CC 34823 460 2 the the DT 34823 460 3 economist economist NN 34823 460 4 is be VBZ 34823 460 5 not not RB 34823 460 6 concerned concerned JJ 34823 460 7 with with IN 34823 460 8 the the DT 34823 460 9 general general JJ 34823 460 10 utility utility NN 34823 460 11 of of IN 34823 460 12 things thing NNS 34823 460 13 considered consider VBN 34823 460 14 in in IN 34823 460 15 their -PRON- PRP$ 34823 460 16 totality totality NN 34823 460 17 . . . 34823 461 1 Air air NN 34823 461 2 is be VBZ 34823 461 3 more more RBR 34823 461 4 useful useful JJ 34823 461 5 than than IN 34823 461 6 jewels jewel NNS 34823 461 7 , , , 34823 461 8 but but CC 34823 461 9 a a DT 34823 461 10 carat carat NN 34823 461 11 of of IN 34823 461 12 air air NN 34823 461 13 is be VBZ 34823 461 14 not not RB 34823 461 15 as as RB 34823 461 16 useful useful JJ 34823 461 17 as as IN 34823 461 18 a a DT 34823 461 19 one one CD 34823 461 20 - - HYPH 34823 461 21 carat carat NN 34823 461 22 diamond diamond NN 34823 461 23 . . . 34823 462 1 Air air NN 34823 462 2 exists exist VBZ 34823 462 3 in in IN 34823 462 4 such such JJ 34823 462 5 abundance abundance NN 34823 462 6 that that IN 34823 462 7 it -PRON- PRP 34823 462 8 does do VBZ 34823 462 9 not not RB 34823 462 10 need need VB 34823 462 11 to to TO 34823 462 12 be be VB 34823 462 13 economized economize VBN 34823 462 14 . . . 34823 463 1 Scarcity scarcity NN 34823 463 2 with with IN 34823 463 3 reference reference NN 34823 463 4 to to IN 34823 463 5 the the DT 34823 463 6 extent extent NN 34823 463 7 of of IN 34823 463 8 the the DT 34823 463 9 wants want VBZ 34823 463 10 involved involve VBN 34823 463 11 is be VBZ 34823 463 12 also also RB 34823 463 13 essential essential JJ 34823 463 14 to to IN 34823 463 15 economic economic JJ 34823 463 16 value value NN 34823 463 17 . . . 34823 464 1 A a DT 34823 464 2 combination combination NN 34823 464 3 of of IN 34823 464 4 the the DT 34823 464 5 ideas idea NNS 34823 464 6 of of IN 34823 464 7 utility utility NN 34823 464 8 and and CC 34823 464 9 scarcity scarcity NN 34823 464 10 gives give VBZ 34823 464 11 us -PRON- PRP 34823 464 12 the the DT 34823 464 13 simple simple JJ 34823 464 14 notion notion NN 34823 464 15 for for IN 34823 464 16 which which WDT 34823 464 17 the the DT 34823 464 18 formidable formidable JJ 34823 464 19 name name NN 34823 464 20 of of IN 34823 464 21 " " `` 34823 464 22 marginal marginal JJ 34823 464 23 utility utility NN 34823 464 24 " " '' 34823 464 25 has have VBZ 34823 464 26 been be VBN 34823 464 27 devised devise VBN 34823 464 28 . . . 34823 465 1 The the DT 34823 465 2 marginal marginal JJ 34823 465 3 utility utility NN 34823 465 4 of of IN 34823 465 5 a a DT 34823 465 6 good good NN 34823 465 7 to to IN 34823 465 8 a a DT 34823 465 9 man man NN 34823 465 10 is be VBZ 34823 465 11 the the DT 34823 465 12 power power NN 34823 465 13 the the DT 34823 465 14 last last JJ 34823 465 15 , , , 34823 465 16 or or CC 34823 465 17 " " `` 34823 465 18 marginal marginal JJ 34823 465 19 , , , 34823 465 20 " " '' 34823 465 21 unit unit NN 34823 465 22 of of IN 34823 465 23 the the DT 34823 465 24 good good NN 34823 465 25 which which WDT 34823 465 26 the the DT 34823 465 27 man man NN 34823 465 28 consumes consume VBZ 34823 465 29 has have VBZ 34823 465 30 to to TO 34823 465 31 give give VB 34823 465 32 him -PRON- PRP 34823 465 33 satisfaction satisfaction NN 34823 465 34 , , , 34823 465 35 or or CC 34823 465 36 , , , 34823 465 37 viewed view VBN 34823 465 38 from from IN 34823 465 39 the the DT 34823 465 40 standpoint standpoint NN 34823 465 41 of of IN 34823 465 42 the the DT 34823 465 43 man man NN 34823 465 44 , , , 34823 465 45 is be VBZ 34823 465 46 the the DT 34823 465 47 intensity intensity NN 34823 465 48 of of IN 34823 465 49 his -PRON- PRP$ 34823 465 50 desire[36 desire[36 NN 34823 465 51 ] ] -RRB- 34823 465 52 for for IN 34823 465 53 , , , 34823 465 54 or or CC 34823 465 55 of of IN 34823 465 56 his -PRON- PRP$ 34823 465 57 satisfaction satisfaction NN 34823 465 58 in in IN 34823 465 59 , , , 34823 465 60 the the DT 34823 465 61 final final JJ 34823 465 62 unit unit NN 34823 465 63 consumed consume VBN 34823 465 64 . . . 34823 466 1 So so RB 34823 466 2 far far RB 34823 466 3 , , , 34823 466 4 our -PRON- PRP$ 34823 466 5 account account NN 34823 466 6 of of IN 34823 466 7 the the DT 34823 466 8 value value NN 34823 466 9 of of IN 34823 466 10 the the DT 34823 466 11 orange orange NN 34823 466 12 will will MD 34823 466 13 seem seem VB 34823 466 14 perfectly perfectly RB 34823 466 15 acceptable acceptable JJ 34823 466 16 to to IN 34823 466 17 those those DT 34823 466 18 accustomed accustomed JJ 34823 466 19 to to IN 34823 466 20 traditional traditional JJ 34823 466 21 discussions discussion NNS 34823 466 22 of of IN 34823 466 23 the the DT 34823 466 24 problem problem NN 34823 466 25 in in IN 34823 466 26 the the DT 34823 466 27 text text NN 34823 466 28 - - HYPH 34823 466 29 books book NNS 34823 466 30 . . . 34823 467 1 The the DT 34823 467 2 difference difference NN 34823 467 3 is be VBZ 34823 467 4 that that IN 34823 467 5 many many JJ 34823 467 6 text text NN 34823 467 7 - - HYPH 34823 467 8 books book NNS 34823 467 9 stop stop VBP 34823 467 10 at at IN 34823 467 11 this this DT 34823 467 12 point point NN 34823 467 13 , , , 34823 467 14 leaving leave VBG 34823 467 15 the the DT 34823 467 16 impression impression NN 34823 467 17 that that IN 34823 467 18 with with IN 34823 467 19 the the DT 34823 467 20 definition definition NN 34823 467 21 of of IN 34823 467 22 marginal marginal JJ 34823 467 23 utility utility NN 34823 467 24 the the DT 34823 467 25 whole whole JJ 34823 467 26 value value NN 34823 467 27 problem problem NN 34823 467 28 has have VBZ 34823 467 29 been be VBN 34823 467 30 solved solve VBN 34823 467 31 . . . 34823 468 1 For for IN 34823 468 2 the the DT 34823 468 3 social social JJ 34823 468 4 value value NN 34823 468 5 theory theory NN 34823 468 6 , , , 34823 468 7 the the DT 34823 468 8 conception conception NN 34823 468 9 of of IN 34823 468 10 marginal marginal JJ 34823 468 11 utility utility NN 34823 468 12 is be VBZ 34823 468 13 barely barely RB 34823 468 14 a a DT 34823 468 15 starting starting NN 34823 468 16 point point NN 34823 468 17 . . . 34823 469 1 Indeed indeed RB 34823 469 2 , , , 34823 469 3 it -PRON- PRP 34823 469 4 is be VBZ 34823 469 5 not not RB 34823 469 6 even even RB 34823 469 7 a a DT 34823 469 8 starting starting NN 34823 469 9 point point NN 34823 469 10 . . . 34823 470 1 We -PRON- PRP 34823 470 2 shall shall MD 34823 470 3 have have VB 34823 470 4 to to TO 34823 470 5 look look VB 34823 470 6 both both DT 34823 470 7 in in IN 34823 470 8 front front NN 34823 470 9 of of IN 34823 470 10 it -PRON- PRP 34823 470 11 and and CC 34823 470 12 _ _ NNP 34823 470 13 behind behind IN 34823 470 14 it -PRON- PRP 34823 470 15 _ _ NNP 34823 470 16 . . . 34823 471 1 Recognizing recognize VBG 34823 471 2 that that DT 34823 471 3 marginal marginal JJ 34823 471 4 utilities utility NNS 34823 471 5 to to IN 34823 471 6 individuals individual NNS 34823 471 7 are be VBP 34823 471 8 essential essential JJ 34823 471 9 to to IN 34823 471 10 economic economic JJ 34823 471 11 values value NNS 34823 471 12 of of IN 34823 471 13 consumption consumption NN 34823 471 14 goods good NNS 34823 471 15 , , , 34823 471 16 we -PRON- PRP 34823 471 17 shall shall MD 34823 471 18 have have VB 34823 471 19 to to TO 34823 471 20 point point VB 34823 471 21 out out RP 34823 471 22 other other JJ 34823 471 23 things thing NNS 34823 471 24 which which WDT 34823 471 25 are be VBP 34823 471 26 also also RB 34823 471 27 essential essential JJ 34823 471 28 , , , 34823 471 29 and and CC 34823 471 30 we -PRON- PRP 34823 471 31 shall shall MD 34823 471 32 have have VB 34823 471 33 to to TO 34823 471 34 explain explain VB 34823 471 35 the the DT 34823 471 36 factors factor NNS 34823 471 37 determining determine VBG 34823 471 38 these these DT 34823 471 39 marginal marginal JJ 34823 471 40 utilities utility NNS 34823 471 41 themselves -PRON- PRP 34823 471 42 . . . 34823 472 1 The the DT 34823 472 2 last last JJ 34823 472 3 point point NN 34823 472 4 may may MD 34823 472 5 be be VB 34823 472 6 considered consider VBN 34823 472 7 first first RB 34823 472 8 . . . 34823 473 1 Men man NNS 34823 473 2 's 's POS 34823 473 3 desires desire NNS 34823 473 4 are be VBP 34823 473 5 socially socially RB 34823 473 6 determined determine VBN 34823 473 7 . . . 34823 474 1 Even even RB 34823 474 2 the the DT 34823 474 3 simplest simple JJS 34823 474 4 , , , 34823 474 5 most most RBS 34823 474 6 instinctive instinctive JJ 34823 474 7 , , , 34823 474 8 wants want VBZ 34823 474 9 of of IN 34823 474 10 human human JJ 34823 474 11 nature nature NN 34823 474 12 are be VBP 34823 474 13 , , , 34823 474 14 in in IN 34823 474 15 their -PRON- PRP$ 34823 474 16 concrete concrete JJ 34823 474 17 manifestations manifestation NNS 34823 474 18 , , , 34823 474 19 the the DT 34823 474 20 product product NN 34823 474 21 of of IN 34823 474 22 social social JJ 34823 474 23 culture culture NN 34823 474 24 in in IN 34823 474 25 overwhelming overwhelming JJ 34823 474 26 degree degree NN 34823 474 27 . . . 34823 475 1 Consider consider VB 34823 475 2 sex sex NN 34823 475 3 and and CC 34823 475 4 hunger hunger NN 34823 475 5 . . . 34823 476 1 We -PRON- PRP 34823 476 2 do do VBP 34823 476 3 not not RB 34823 476 4 enjoy enjoy VB 34823 476 5 our -PRON- PRP$ 34823 476 6 food food NN 34823 476 7 when when WRB 34823 476 8 our -PRON- PRP$ 34823 476 9 neighbors neighbor NNS 34823 476 10 pick pick VBP 34823 476 11 their -PRON- PRP$ 34823 476 12 teeth tooth NNS 34823 476 13 with with IN 34823 476 14 their -PRON- PRP$ 34823 476 15 forks fork NNS 34823 476 16 . . . 34823 477 1 This this DT 34823 477 2 would would MD 34823 477 3 not not RB 34823 477 4 trouble trouble VB 34823 477 5 a a DT 34823 477 6 chimpanzee chimpanzee NN 34823 477 7 , , , 34823 477 8 whose whose WP$ 34823 477 9 _ _ NNP 34823 477 10 instinctive instinctive JJ 34823 477 11 _ _ NNP 34823 477 12 equipment equipment NN 34823 477 13 in in IN 34823 477 14 the the DT 34823 477 15 matter matter NN 34823 477 16 of of IN 34823 477 17 hunger hunger NN 34823 477 18 is be VBZ 34823 477 19 vastly vastly RB 34823 477 20 more more JJR 34823 477 21 like like IN 34823 477 22 that that DT 34823 477 23 of of IN 34823 477 24 a a DT 34823 477 25 man man NN 34823 477 26 than than IN 34823 477 27 is be VBZ 34823 477 28 the the DT 34823 477 29 _ _ NNP 34823 477 30 actual actual JJ 34823 477 31 _ _ NNP 34823 477 32 hunger hunger NN 34823 477 33 impulse impulse NN 34823 477 34 of of IN 34823 477 35 a a DT 34823 477 36 highly highly RB 34823 477 37 civilized civilized JJ 34823 477 38 man man NN 34823 477 39 like like IN 34823 477 40 that that DT 34823 477 41 of of IN 34823 477 42 a a DT 34823 477 43 savage savage NN 34823 477 44 . . . 34823 478 1 Civilized civilized JJ 34823 478 2 men man NNS 34823 478 3 will will MD 34823 478 4 often often RB 34823 478 5 starve starve VB 34823 478 6 rather rather RB 34823 478 7 than than IN 34823 478 8 eat eat VB 34823 478 9 human human JJ 34823 478 10 flesh flesh NN 34823 478 11 . . . 34823 479 1 Even even RB 34823 479 2 when when WRB 34823 479 3 moral moral JJ 34823 479 4 scruples scruple NNS 34823 479 5 are be VBP 34823 479 6 overcome overcome VBN 34823 479 7 , , , 34823 479 8 actual actual JJ 34823 479 9 physical physical JJ 34823 479 10 revulsion revulsion NN 34823 479 11 may may MD 34823 479 12 prevent prevent VB 34823 479 13 it -PRON- PRP 34823 479 14 . . . 34823 480 1 Men men NN 34823 480 2 of of IN 34823 480 3 different different JJ 34823 480 4 times time NNS 34823 480 5 and and CC 34823 480 6 places place NNS 34823 480 7 wish wish VBP 34823 480 8 food food NN 34823 480 9 of of IN 34823 480 10 special special JJ 34823 480 11 sorts sort NNS 34823 480 12 , , , 34823 480 13 served serve VBN 34823 480 14 in in IN 34823 480 15 special special JJ 34823 480 16 ways way NNS 34823 480 17 . . . 34823 481 1 They -PRON- PRP 34823 481 2 wish wish VBP 34823 481 3 to to TO 34823 481 4 eat eat VB 34823 481 5 in in IN 34823 481 6 the the DT 34823 481 7 company company NN 34823 481 8 of of IN 34823 481 9 their -PRON- PRP$ 34823 481 10 fellows fellow NNS 34823 481 11 , , , 34823 481 12 but but CC 34823 481 13 only only RB 34823 481 14 of of IN 34823 481 15 those those DT 34823 481 16 fellows fellow NNS 34823 481 17 who who WP 34823 481 18 can can MD 34823 481 19 know know VB 34823 481 20 and and CC 34823 481 21 obey obey VB 34823 481 22 the the DT 34823 481 23 ritual ritual NN 34823 481 24 that that WDT 34823 481 25 is be VBZ 34823 481 26 appropriate appropriate JJ 34823 481 27 to to IN 34823 481 28 the the DT 34823 481 29 time time NN 34823 481 30 and and CC 34823 481 31 place place NN 34823 481 32 . . . 34823 482 1 This this DT 34823 482 2 is be VBZ 34823 482 3 true true JJ 34823 482 4 of of IN 34823 482 5 humble humble JJ 34823 482 6 folk folk NN 34823 482 7 as as IN 34823 482 8 of of IN 34823 482 9 those those DT 34823 482 10 who who WP 34823 482 11 " " `` 34823 482 12 dress dress VBP 34823 482 13 for for IN 34823 482 14 dinner dinner NN 34823 482 15 . . . 34823 482 16 " " '' 34823 483 1 The the DT 34823 483 2 ritual ritual JJ 34823 483 3 differs differ VBZ 34823 483 4 for for IN 34823 483 5 the the DT 34823 483 6 two two CD 34823 483 7 sorts sort NNS 34823 483 8 of of IN 34823 483 9 people people NNS 34823 483 10 . . . 34823 484 1 But but CC 34823 484 2 there there EX 34823 484 3 is be VBZ 34823 484 4 a a DT 34823 484 5 spirit spirit NN 34823 484 6 , , , 34823 484 7 a a DT 34823 484 8 type type NN 34823 484 9 of of IN 34823 484 10 conversation conversation NN 34823 484 11 , , , 34823 484 12 a a DT 34823 484 13 code code NN 34823 484 14 of of IN 34823 484 15 etiquette etiquette NNP 34823 484 16 , , , 34823 484 17 which which WDT 34823 484 18 prevails prevail VBZ 34823 484 19 at at IN 34823 484 20 the the DT 34823 484 21 mealtime mealtime NN 34823 484 22 of of IN 34823 484 23 virtually virtually RB 34823 484 24 all all DT 34823 484 25 men man NNS 34823 484 26 , , , 34823 484 27 and and CC 34823 484 28 too too RB 34823 484 29 serious serious JJ 34823 484 30 digressions digression NNS 34823 484 31 therefrom therefrom NNP 34823 484 32 will will MD 34823 484 33 take take VB 34823 484 34 away away RB 34823 484 35 the the DT 34823 484 36 appetites appetite NNS 34823 484 37 of of IN 34823 484 38 all all DT 34823 484 39 . . . 34823 485 1 About about IN 34823 485 2 the the DT 34823 485 3 mealtime mealtime NN 34823 485 4 and and CC 34823 485 5 the the DT 34823 485 6 festal festal NNP 34823 485 7 board board NNP 34823 485 8 have have VBP 34823 485 9 gathered gather VBN 34823 485 10 a a DT 34823 485 11 great great JJ 34823 485 12 host host NN 34823 485 13 of of IN 34823 485 14 traditions tradition NNS 34823 485 15 , , , 34823 485 16 ideals ideal NNS 34823 485 17 , , , 34823 485 18 and and CC 34823 485 19 social social JJ 34823 485 20 activities activity NNS 34823 485 21 , , , 34823 485 22 till till IN 34823 485 23 they -PRON- PRP 34823 485 24 have have VBP 34823 485 25 become become VBN 34823 485 26 in in IN 34823 485 27 verity verity NN 34823 485 28 an an DT 34823 485 29 institution institution NN 34823 485 30 , , , 34823 485 31 and and CC 34823 485 32 not not RB 34823 485 33 the the DT 34823 485 34 least least RBS 34823 485 35 important important JJ 34823 485 36 , , , 34823 485 37 by by IN 34823 485 38 any any DT 34823 485 39 means mean NNS 34823 485 40 , , , 34823 485 41 of of IN 34823 485 42 social social JJ 34823 485 43 institutions institution NNS 34823 485 44 . . . 34823 486 1 Out out IN 34823 486 2 of of IN 34823 486 3 the the DT 34823 486 4 simple simple JJ 34823 486 5 instinct instinct NN 34823 486 6 of of IN 34823 486 7 sex sex NN 34823 486 8 , , , 34823 486 9 we -PRON- PRP 34823 486 10 have have VBP 34823 486 11 evolved evolve VBN 34823 486 12 many many JJ 34823 486 13 of of IN 34823 486 14 the the DT 34823 486 15 most most RBS 34823 486 16 precious precious JJ 34823 486 17 things thing NNS 34823 486 18 of of IN 34823 486 19 our -PRON- PRP$ 34823 486 20 civilization civilization NN 34823 486 21 , , , 34823 486 22 and and CC 34823 486 23 between between IN 34823 486 24 the the DT 34823 486 25 sex sex NN 34823 486 26 impulse impulse NN 34823 486 27 of of IN 34823 486 28 the the DT 34823 486 29 animal animal NN 34823 486 30 and and CC 34823 486 31 the the DT 34823 486 32 sex sex NN 34823 486 33 impulse impulse NN 34823 486 34 of of IN 34823 486 35 the the DT 34823 486 36 gentleman gentleman NN 34823 486 37 who who WP 34823 486 38 is be VBZ 34823 486 39 seeking seek VBG 34823 486 40 to to TO 34823 486 41 marry marry VB 34823 486 42 the the DT 34823 486 43 one one CD 34823 486 44 woman woman NN 34823 486 45 in in IN 34823 486 46 all all PDT 34823 486 47 the the DT 34823 486 48 world world NN 34823 486 49 , , , 34823 486 50 there there EX 34823 486 51 is be VBZ 34823 486 52 a a DT 34823 486 53 difference difference NN 34823 486 54 so so RB 34823 486 55 great great JJ 34823 486 56 that that IN 34823 486 57 comparison comparison NN 34823 486 58 between between IN 34823 486 59 the the DT 34823 486 60 two two CD 34823 486 61 is be VBZ 34823 486 62 difficult difficult JJ 34823 486 63 . . . 34823 487 1 Here here RB 34823 487 2 we -PRON- PRP 34823 487 3 have have VBP 34823 487 4 wants want VBZ 34823 487 5 which which WDT 34823 487 6 grow grow VB 34823 487 7 out out IN 34823 487 8 of of IN 34823 487 9 the the DT 34823 487 10 most most RBS 34823 487 11 elementary elementary JJ 34823 487 12 things thing NNS 34823 487 13 in in IN 34823 487 14 human human JJ 34823 487 15 nature nature NN 34823 487 16 , , , 34823 487 17 wants want VBZ 34823 487 18 which which WDT 34823 487 19 are be VBP 34823 487 20 intense intense JJ 34823 487 21 and and CC 34823 487 22 universal universal JJ 34823 487 23 , , , 34823 487 24 but but CC 34823 487 25 which which WDT 34823 487 26 vary vary VBP 34823 487 27 , , , 34823 487 28 in in IN 34823 487 29 their -PRON- PRP$ 34823 487 30 concrete concrete JJ 34823 487 31 manifestations manifestation NNS 34823 487 32 , , , 34823 487 33 enormously enormously RB 34823 487 34 from from IN 34823 487 35 age age NN 34823 487 36 to to IN 34823 487 37 age age NN 34823 487 38 and and CC 34823 487 39 from from IN 34823 487 40 place place NN 34823 487 41 to to IN 34823 487 42 place place NN 34823 487 43 . . . 34823 488 1 When when WRB 34823 488 2 we -PRON- PRP 34823 488 3 come come VBP 34823 488 4 to to IN 34823 488 5 the the DT 34823 488 6 wants want NNS 34823 488 7 which which WDT 34823 488 8 change change VBP 34823 488 9 more more RBR 34823 488 10 quickly quickly RB 34823 488 11 , , , 34823 488 12 the the DT 34823 488 13 fact fact NN 34823 488 14 that that IN 34823 488 15 social social JJ 34823 488 16 factors factor NNS 34823 488 17 dominate dominate VBP 34823 488 18 needs need VBZ 34823 488 19 no no DT 34823 488 20 arguing arguing NN 34823 488 21 . . . 34823 489 1 Fashion fashion NN 34823 489 2 , , , 34823 489 3 mode mode NN 34823 489 4 , , , 34823 489 5 custom custom NN 34823 489 6 , , , 34823 489 7 obviously obviously RB 34823 489 8 account account VBP 34823 489 9 for for IN 34823 489 10 the the DT 34823 489 11 concrete concrete NN 34823 489 12 wants want VBZ 34823 489 13 that that WDT 34823 489 14 exist exist VBP 34823 489 15 in in IN 34823 489 16 clothing clothing NN 34823 489 17 , , , 34823 489 18 ornamentation ornamentation NN 34823 489 19 , , , 34823 489 20 amusement amusement NN 34823 489 21 , , , 34823 489 22 housing housing NN 34823 489 23 , , , 34823 489 24 etc etc FW 34823 489 25 . . . 34823 490 1 If if IN 34823 490 2 we -PRON- PRP 34823 490 3 wish wish VBP 34823 490 4 to to TO 34823 490 5 know know VB 34823 490 6 what what WP 34823 490 7 women woman NNS 34823 490 8 will will MD 34823 490 9 be be VB 34823 490 10 wanting want VBG 34823 490 11 to to TO 34823 490 12 wear wear VB 34823 490 13 six six CD 34823 490 14 months month NNS 34823 490 15 hence hence RB 34823 490 16 , , , 34823 490 17 we -PRON- PRP 34823 490 18 do do VBP 34823 490 19 not not RB 34823 490 20 go go VB 34823 490 21 to to IN 34823 490 22 women woman NNS 34823 490 23 individually individually RB 34823 490 24 and and CC 34823 490 25 ask ask VB 34823 490 26 them -PRON- PRP 34823 490 27 . . . 34823 491 1 We -PRON- PRP 34823 491 2 could could MD 34823 491 3 not not RB 34823 491 4 find find VB 34823 491 5 out out RP 34823 491 6 that that DT 34823 491 7 way way NN 34823 491 8 . . . 34823 492 1 They -PRON- PRP 34823 492 2 would would MD 34823 492 3 not not RB 34823 492 4 know know VB 34823 492 5 . . . 34823 493 1 We -PRON- PRP 34823 493 2 go go VBP 34823 493 3 rather rather RB 34823 493 4 to to IN 34823 493 5 the the DT 34823 493 6 theatre theatre NN 34823 493 7 , , , 34823 493 8 and and CC 34823 493 9 study study VB 34823 493 10 the the DT 34823 493 11 stage stage NN 34823 493 12 and and CC 34823 493 13 the the DT 34823 493 14 boxes box NNS 34823 493 15 , , , 34823 493 16 to to IN 34823 493 17 the the DT 34823 493 18 famous famous JJ 34823 493 19 designers designer NNS 34823 493 20 of of IN 34823 493 21 women woman NNS 34823 493 22 's 's POS 34823 493 23 dress dress NN 34823 493 24 , , , 34823 493 25 to to IN 34823 493 26 the the DT 34823 493 27 metropolitan metropolitan JJ 34823 493 28 centres centre NNS 34823 493 29 of of IN 34823 493 30 various various JJ 34823 493 31 sorts sort NNS 34823 493 32 , , , 34823 493 33 to to IN 34823 493 34 the the DT 34823 493 35 " " `` 34823 493 36 radiant radiant JJ 34823 493 37 points point NNS 34823 493 38 of of IN 34823 493 39 social social NNP 34823 493 40 control"[37 control"[37 NNPS 34823 493 41 ] ] -RRB- 34823 493 42 from from IN 34823 493 43 which which WDT 34823 493 44 emanate emanate VBP 34823 493 45 the the DT 34823 493 46 suggestions suggestion NNS 34823 493 47 which which WDT 34823 493 48 pass pass VBP 34823 493 49 in in RP 34823 493 50 imitative imitative JJ 34823 493 51 waves wave NNS 34823 493 52 through through IN 34823 493 53 the the DT 34823 493 54 women woman NNS 34823 493 55 of of IN 34823 493 56 the the DT 34823 493 57 country country NN 34823 493 58 in in IN 34823 493 59 the the DT 34823 493 60 next next JJ 34823 493 61 few few JJ 34823 493 62 months month NNS 34823 493 63 . . . 34823 494 1 The the DT 34823 494 2 laws law NNS 34823 494 3 of of IN 34823 494 4 imitation imitation NN 34823 494 5 have have VBP 34823 494 6 been be VBN 34823 494 7 elaborately elaborately RB 34823 494 8 developed develop VBN 34823 494 9 by by IN 34823 494 10 Bagehot Bagehot NNP 34823 494 11 , , , 34823 494 12 Tarde Tarde NNP 34823 494 13 , , , 34823 494 14 Baldwin Baldwin NNP 34823 494 15 , , , 34823 494 16 Ross Ross NNP 34823 494 17 , , , 34823 494 18 LeBon LeBon NNP 34823 494 19 , , , 34823 494 20 Cooley Cooley NNP 34823 494 21 , , , 34823 494 22 and and CC 34823 494 23 others other NNS 34823 494 24 , , , 34823 494 25 and and CC 34823 494 26 I -PRON- PRP 34823 494 27 content content VBP 34823 494 28 myself -PRON- PRP 34823 494 29 here here RB 34823 494 30 with with IN 34823 494 31 referring refer VBG 34823 494 32 to to IN 34823 494 33 their -PRON- PRP$ 34823 494 34 writings writing NNS 34823 494 35 . . . 34823 495 1 The the DT 34823 495 2 wants want NNS 34823 495 3 of of IN 34823 495 4 women woman NNS 34823 495 5 -- -- : 34823 495 6 and and CC 34823 495 7 men man NNS 34823 495 8 -- -- : 34823 495 9 are be VBP 34823 495 10 socially socially RB 34823 495 11 given give VBN 34823 495 12 , , , 34823 495 13 grow grow VB 34823 495 14 out out IN 34823 495 15 of of IN 34823 495 16 a a DT 34823 495 17 give give VB 34823 495 18 and and CC 34823 495 19 take take VB 34823 495 20 , , , 34823 495 21 a a DT 34823 495 22 social social JJ 34823 495 23 process process NN 34823 495 24 . . . 34823 496 1 And and CC 34823 496 2 in in IN 34823 496 3 this this DT 34823 496 4 social social JJ 34823 496 5 process process NN 34823 496 6 , , , 34823 496 7 it -PRON- PRP 34823 496 8 is be VBZ 34823 496 9 not not RB 34823 496 10 true true JJ 34823 496 11 that that IN 34823 496 12 each each DT 34823 496 13 man man NN 34823 496 14 counts count VBZ 34823 496 15 one one CD 34823 496 16 ! ! . 34823 497 1 Rather rather RB 34823 497 2 , , , 34823 497 3 a a DT 34823 497 4 few few JJ 34823 497 5 lead lead NN 34823 497 6 , , , 34823 497 7 and and CC 34823 497 8 many many JJ 34823 497 9 follow follow NN 34823 497 10 . . . 34823 498 1 There there EX 34823 498 2 are be VBP 34823 498 3 centres centre NNS 34823 498 4 of of IN 34823 498 5 prestige prestige NN 34823 498 6 which which WDT 34823 498 7 count count VBP 34823 498 8 overwhelmingly overwhelmingly RB 34823 498 9 . . . 34823 499 1 Certain certain JJ 34823 499 2 wants want VBZ 34823 499 3 are be VBP 34823 499 4 competitive competitive JJ 34823 499 5 . . . 34823 500 1 [ [ -LRB- 34823 500 2 38 38 CD 34823 500 3 ] ] -RRB- 34823 500 4 Where where WRB 34823 500 5 social social JJ 34823 500 6 status status NN 34823 500 7 depends depend VBZ 34823 500 8 on on IN 34823 500 9 having have VBG 34823 500 10 as as RB 34823 500 11 good good JJ 34823 500 12 a a DT 34823 500 13 house house NN 34823 500 14 as as IN 34823 500 15 one one CD 34823 500 16 's 's POS 34823 500 17 neighbors neighbor NNS 34823 500 18 , , , 34823 500 19 and and CC 34823 500 20 where where WRB 34823 500 21 social social JJ 34823 500 22 leadership leadership NN 34823 500 23 depends depend VBZ 34823 500 24 on on IN 34823 500 25 having have VBG 34823 500 26 a a DT 34823 500 27 better well JJR 34823 500 28 house house NN 34823 500 29 than than IN 34823 500 30 one one NN 34823 500 31 's 's POS 34823 500 32 neighbors neighbor NNS 34823 500 33 , , , 34823 500 34 there there EX 34823 500 35 is be VBZ 34823 500 36 no no DT 34823 500 37 limit limit NN 34823 500 38 to to IN 34823 500 39 men man NNS 34823 500 40 's 's POS 34823 500 41 desires desire NNS 34823 500 42 for for IN 34823 500 43 better well JJR 34823 500 44 houses house NNS 34823 500 45 . . . 34823 501 1 With with IN 34823 501 2 each each DT 34823 501 3 improvement improvement NN 34823 501 4 which which WDT 34823 501 5 one one CD 34823 501 6 introduces introduce VBZ 34823 501 7 , , , 34823 501 8 each each DT 34823 501 9 feels feel VBZ 34823 501 10 the the DT 34823 501 11 desire desire NN 34823 501 12 to to TO 34823 501 13 improve improve VB 34823 501 14 , , , 34823 501 15 however however RB 34823 501 16 contented contented JJ 34823 501 17 he -PRON- PRP 34823 501 18 might may MD 34823 501 19 have have VB 34823 501 20 been be VBN 34823 501 21 had have VBN 34823 501 22 the the DT 34823 501 23 other other JJ 34823 501 24 not not RB 34823 501 25 made make VBN 34823 501 26 the the DT 34823 501 27 improvement improvement NN 34823 501 28 . . . 34823 502 1 To to IN 34823 502 2 this this DT 34823 502 3 we -PRON- PRP 34823 502 4 shall shall MD 34823 502 5 recur recur VB 34823 502 6 in in IN 34823 502 7 our -PRON- PRP$ 34823 502 8 discussion discussion NN 34823 502 9 of of IN 34823 502 10 the the DT 34823 502 11 origin origin NN 34823 502 12 of of IN 34823 502 13 money money NN 34823 502 14 , , , 34823 502 15 in in IN 34823 502 16 explaining explain VBG 34823 502 17 the the DT 34823 502 18 value value NN 34823 502 19 of of IN 34823 502 20 gold gold NN 34823 502 21 . . . 34823 503 1 So so RB 34823 503 2 much much JJ 34823 503 3 for for IN 34823 503 4 the the DT 34823 503 5 human human NN 34823 503 6 wants want NNS 34823 503 7 which which WDT 34823 503 8 stand stand VBP 34823 503 9 as as IN 34823 503 10 the the DT 34823 503 11 focus focus NN 34823 503 12 of of IN 34823 503 13 economic economic JJ 34823 503 14 values value NNS 34823 503 15 in in IN 34823 503 16 the the DT 34823 503 17 case case NN 34823 503 18 of of IN 34823 503 19 articles article NNS 34823 503 20 of of IN 34823 503 21 immediate immediate JJ 34823 503 22 consumption consumption NN 34823 503 23 . . . 34823 504 1 But but CC 34823 504 2 , , , 34823 504 3 given give VBN 34823 504 4 these these DT 34823 504 5 wants want NNS 34823 504 6 , , , 34823 504 7 and and CC 34823 504 8 given give VBN 34823 504 9 their -PRON- PRP$ 34823 504 10 marginal marginal JJ 34823 504 11 intensities intensity NNS 34823 504 12 , , , 34823 504 13 we -PRON- PRP 34823 504 14 are be VBP 34823 504 15 only only RB 34823 504 16 at at IN 34823 504 17 the the DT 34823 504 18 beginning beginning NN 34823 504 19 of of IN 34823 504 20 our -PRON- PRP$ 34823 504 21 explanation explanation NN 34823 504 22 of of IN 34823 504 23 the the DT 34823 504 24 economic economic JJ 34823 504 25 values value NNS 34823 504 26 of of IN 34823 504 27 the the DT 34823 504 28 consumption consumption NN 34823 504 29 goods good NNS 34823 504 30 . . . 34823 505 1 It -PRON- PRP 34823 505 2 is be VBZ 34823 505 3 again again RB 34823 505 4 not not RB 34823 505 5 a a DT 34823 505 6 case case NN 34823 505 7 of of IN 34823 505 8 each each DT 34823 505 9 want want VBP 34823 505 10 counting count VBG 34823 505 11 one one CD 34823 505 12 , , , 34823 505 13 to to IN 34823 505 14 the the DT 34823 505 15 extent extent NN 34823 505 16 of of IN 34823 505 17 its -PRON- PRP$ 34823 505 18 intensity intensity NN 34823 505 19 . . . 34823 506 1 There there EX 34823 506 2 are be VBP 34823 506 3 again again RB 34823 506 4 , , , 34823 506 5 by by IN 34823 506 6 virtue virtue NN 34823 506 7 of of IN 34823 506 8 the the DT 34823 506 9 legal legal JJ 34823 506 10 and and CC 34823 506 11 moral moral JJ 34823 506 12 values value NNS 34823 506 13 governing govern VBG 34823 506 14 the the DT 34823 506 15 distribution distribution NN 34823 506 16 of of IN 34823 506 17 wealth wealth NN 34823 506 18 , , , 34823 506 19 _ _ NNP 34823 506 20 centres centre VBZ 34823 506 21 _ _ NNP 34823 506 22 of of IN 34823 506 23 power power NN 34823 506 24 . . . 34823 507 1 The the DT 34823 507 2 wants want NNS 34823 507 3 of of IN 34823 507 4 some some DT 34823 507 5 men man NNS 34823 507 6 count count VB 34823 507 7 for for IN 34823 507 8 nothing nothing NN 34823 507 9 , , , 34823 507 10 however however RB 34823 507 11 intense intense JJ 34823 507 12 they -PRON- PRP 34823 507 13 may may MD 34823 507 14 be be VB 34823 507 15 . . . 34823 508 1 The the DT 34823 508 2 pauper pauper NN 34823 508 3 , , , 34823 508 4 the the DT 34823 508 5 prisoner prisoner NN 34823 508 6 , , , 34823 508 7 the the DT 34823 508 8 beggar beggar JJ 34823 508 9 -- -- : 34823 508 10 popular popular JJ 34823 508 11 proverb proverb NN 34823 508 12 about about IN 34823 508 13 " " `` 34823 508 14 beggars beggar NNS 34823 508 15 and and CC 34823 508 16 horses horse NNS 34823 508 17 " " `` 34823 508 18 understands understand VBZ 34823 508 19 them -PRON- PRP 34823 508 20 , , , 34823 508 21 however however RB 34823 508 22 much much RB 34823 508 23 the the DT 34823 508 24 " " `` 34823 508 25 marginal marginal JJ 34823 508 26 utilitarian utilitarian NN 34823 508 27 " " '' 34823 508 28 may may MD 34823 508 29 forget forget VB 34823 508 30 that that IN 34823 508 31 their -PRON- PRP$ 34823 508 32 wants want VBZ 34823 508 33 count count NN 34823 508 34 for for IN 34823 508 35 nothing nothing NN 34823 508 36 . . . 34823 509 1 [ [ -LRB- 34823 509 2 39 39 CD 34823 509 3 ] ] -RRB- 34823 509 4 The the DT 34823 509 5 slightest slight JJS 34823 509 6 whim whim NN 34823 509 7 , , , 34823 509 8 on on IN 34823 509 9 the the DT 34823 509 10 other other JJ 34823 509 11 hand hand NN 34823 509 12 , , , 34823 509 13 of of IN 34823 509 14 the the DT 34823 509 15 man man NN 34823 509 16 who who WP 34823 509 17 has have VBZ 34823 509 18 inherited inherit VBN 34823 509 19 millions million NNS 34823 509 20 may may MD 34823 509 21 count count VB 34823 509 22 heavily heavily RB 34823 509 23 in in IN 34823 509 24 giving give VBG 34823 509 25 values value NNS 34823 509 26 to to IN 34823 509 27 goods good NNS 34823 509 28 . . . 34823 510 1 For for IN 34823 510 2 the the DT 34823 510 3 explanation explanation NN 34823 510 4 of of IN 34823 510 5 the the DT 34823 510 6 values value NNS 34823 510 7 of of IN 34823 510 8 consumption consumption NN 34823 510 9 goods good NNS 34823 510 10 , , , 34823 510 11 then then RB 34823 510 12 , , , 34823 510 13 we -PRON- PRP 34823 510 14 need need VBP 34823 510 15 both both CC 34823 510 16 the the DT 34823 510 17 socially socially RB 34823 510 18 determined determine VBN 34823 510 19 marginal marginal JJ 34823 510 20 utilities utility NNS 34823 510 21 of of IN 34823 510 22 individuals individual NNS 34823 510 23 , , , 34823 510 24 and and CC 34823 510 25 the the DT 34823 510 26 socially socially RB 34823 510 27 determined determine VBN 34823 510 28 _ _ NNP 34823 510 29 weight weight NN 34823 510 30 _ _ NNP 34823 510 31 which which WDT 34823 510 32 these these DT 34823 510 33 individuals individual NNS 34823 510 34 have have VBP 34823 510 35 in in IN 34823 510 36 our -PRON- PRP$ 34823 510 37 economic economic JJ 34823 510 38 system system NN 34823 510 39 . . . 34823 511 1 This this DT 34823 511 2 _ _ NNP 34823 511 3 weight weight NN 34823 511 4 _ _ NNP 34823 511 5 would would MD 34823 511 6 involve involve VB 34823 511 7 a a DT 34823 511 8 very very RB 34823 511 9 elaborate elaborate JJ 34823 511 10 explanation explanation NN 34823 511 11 . . . 34823 512 1 Many many JJ 34823 512 2 factors factor NNS 34823 512 3 affect affect VBP 34823 512 4 it -PRON- PRP 34823 512 5 . . . 34823 513 1 We -PRON- PRP 34823 513 2 call call VBP 34823 513 3 attention attention NN 34823 513 4 here here RB 34823 513 5 , , , 34823 513 6 however however RB 34823 513 7 , , , 34823 513 8 especially especially RB 34823 513 9 to to IN 34823 513 10 the the DT 34823 513 11 fact fact NN 34823 513 12 that that IN 34823 513 13 it -PRON- PRP 34823 513 14 rests rest VBZ 34823 513 15 in in IN 34823 513 16 large large JJ 34823 513 17 part part NN 34823 513 18 on on IN 34823 513 19 the the DT 34823 513 20 legal legal JJ 34823 513 21 and and CC 34823 513 22 moral moral JJ 34823 513 23 values value NNS 34823 513 24 and and CC 34823 513 25 institutions institution NNS 34823 513 26 concerned concern VBN 34823 513 27 with with IN 34823 513 28 the the DT 34823 513 29 distribution distribution NN 34823 513 30 of of IN 34823 513 31 wealth wealth NN 34823 513 32 . . . 34823 514 1 Changes change NNS 34823 514 2 in in IN 34823 514 3 the the DT 34823 514 4 distribution distribution NN 34823 514 5 of of IN 34823 514 6 wealth wealth NN 34823 514 7 are be VBP 34823 514 8 as as RB 34823 514 9 important important JJ 34823 514 10 as as IN 34823 514 11 changes change NNS 34823 514 12 in in IN 34823 514 13 the the DT 34823 514 14 wants want VBZ 34823 514 15 themselves -PRON- PRP 34823 514 16 in in IN 34823 514 17 giving give VBG 34823 514 18 the the DT 34823 514 19 explanation explanation NN 34823 514 20 of of IN 34823 514 21 changes change NNS 34823 514 22 in in IN 34823 514 23 values value NNS 34823 514 24 . . . 34823 515 1 The the DT 34823 515 2 economic economic JJ 34823 515 3 social social JJ 34823 515 4 values value NNS 34823 515 5 of of IN 34823 515 6 consumption consumption NN 34823 515 7 goods good NNS 34823 515 8 include include VBP 34823 515 9 not not RB 34823 515 10 merely merely RB 34823 515 11 the the DT 34823 515 12 values value NNS 34823 515 13 of of IN 34823 515 14 those those DT 34823 515 15 goods good NNS 34823 515 16 _ _ NNP 34823 515 17 to to IN 34823 515 18 _ _ NNP 34823 515 19 the the DT 34823 515 20 individuals individual NNS 34823 515 21 who who WP 34823 515 22 consume consume VBP 34823 515 23 them -PRON- PRP 34823 515 24 , , , 34823 515 25 but but CC 34823 515 26 also also RB 34823 515 27 the the DT 34823 515 28 values value NNS 34823 515 29 _ _ NNP 34823 515 30 of of IN 34823 515 31 _ _ NNP 34823 515 32 the the DT 34823 515 33 individuals individual NNS 34823 515 34 themselves -PRON- PRP 34823 515 35 in in IN 34823 515 36 the the DT 34823 515 37 social social JJ 34823 515 38 scheme scheme NN 34823 515 39 of of IN 34823 515 40 things thing NNS 34823 515 41 . . . 34823 516 1 What what WP 34823 516 2 of of IN 34823 516 3 the the DT 34823 516 4 values value NNS 34823 516 5 of of IN 34823 516 6 instrumental instrumental JJ 34823 516 7 goods good NNS 34823 516 8 , , , 34823 516 9 of of IN 34823 516 10 goods good NNS 34823 516 11 of of IN 34823 516 12 " " `` 34823 516 13 higher high JJR 34823 516 14 orders order NNS 34823 516 15 , , , 34823 516 16 " " '' 34823 516 17 of of IN 34823 516 18 labor labor NN 34823 516 19 , , , 34823 516 20 of of IN 34823 516 21 stocks stock NNS 34823 516 22 and and CC 34823 516 23 bonds bond NNS 34823 516 24 , , , 34823 516 25 of of IN 34823 516 26 lands land NNS 34823 516 27 , , , 34823 516 28 of of IN 34823 516 29 franchise franchise NN 34823 516 30 rights right NNS 34823 516 31 and and CC 34823 516 32 good good JJ 34823 516 33 will will NN 34823 516 34 ? ? . 34823 517 1 It -PRON- PRP 34823 517 2 is be VBZ 34823 517 3 the the DT 34823 517 4 one one CD 34823 517 5 great great JJ 34823 517 6 contribution contribution NN 34823 517 7 of of IN 34823 517 8 the the DT 34823 517 9 Austrian austrian JJ 34823 517 10 economists economist NNS 34823 517 11 to to TO 34823 517 12 have have VB 34823 517 13 shown show VBN 34823 517 14 that that IN 34823 517 15 the the DT 34823 517 16 causation causation NN 34823 517 17 in in IN 34823 517 18 value value NN 34823 517 19 runs run NNS 34823 517 20 , , , 34823 517 21 primarily primarily RB 34823 517 22 , , , 34823 517 23 from from IN 34823 517 24 consumption consumption NN 34823 517 25 goods good NNS 34823 517 26 to to IN 34823 517 27 the the DT 34823 517 28 goods good NNS 34823 517 29 of of IN 34823 517 30 higher high JJR 34823 517 31 " " `` 34823 517 32 orders order NNS 34823 517 33 " " '' 34823 517 34 which which WDT 34823 517 35 are be VBP 34823 517 36 concerned concern VBN 34823 517 37 with with IN 34823 517 38 their -PRON- PRP$ 34823 517 39 production production NN 34823 517 40 , , , 34823 517 41 and and CC 34823 517 42 that that IN 34823 517 43 these these DT 34823 517 44 values value NNS 34823 517 45 of of IN 34823 517 46 instrumental instrumental JJ 34823 517 47 goods good NNS 34823 517 48 , , , 34823 517 49 etc etc FW 34823 517 50 . . . 34823 517 51 , , , 34823 517 52 are be VBP 34823 517 53 derived derive VBN 34823 517 54 and and CC 34823 517 55 secondary secondary JJ 34823 517 56 values value NNS 34823 517 57 . . . 34823 518 1 The the DT 34823 518 2 value value NN 34823 518 3 of of IN 34823 518 4 wheat wheat NN 34823 518 5 is be VBZ 34823 518 6 based base VBN 34823 518 7 on on IN 34823 518 8 the the DT 34823 518 9 value value NN 34823 518 10 of of IN 34823 518 11 bread bread NN 34823 518 12 , , , 34823 518 13 the the DT 34823 518 14 value value NN 34823 518 15 of of IN 34823 518 16 land land NN 34823 518 17 on on IN 34823 518 18 the the DT 34823 518 19 value value NN 34823 518 20 of of IN 34823 518 21 wheat wheat NN 34823 518 22 . . . 34823 519 1 The the DT 34823 519 2 value value NN 34823 519 3 of of IN 34823 519 4 the the DT 34823 519 5 stock stock NN 34823 519 6 of of IN 34823 519 7 United United NNP 34823 519 8 States States NNP 34823 519 9 Steel Steel NNP 34823 519 10 rests rest VBZ 34823 519 11 in in IN 34823 519 12 part part NN 34823 519 13 on on IN 34823 519 14 the the DT 34823 519 15 value value NN 34823 519 16 of of IN 34823 519 17 iron iron NN 34823 519 18 lands land NNS 34823 519 19 , , , 34823 519 20 which which WDT 34823 519 21 rests rest VBZ 34823 519 22 on on IN 34823 519 23 the the DT 34823 519 24 value value NN 34823 519 25 of of IN 34823 519 26 ore ore NN 34823 519 27 , , , 34823 519 28 which which WDT 34823 519 29 rests rest VBZ 34823 519 30 on on IN 34823 519 31 the the DT 34823 519 32 value value NN 34823 519 33 of of IN 34823 519 34 pig pig NN 34823 519 35 iron iron NN 34823 519 36 , , , 34823 519 37 which which WDT 34823 519 38 rests rest VBZ 34823 519 39 on on IN 34823 519 40 the the DT 34823 519 41 value value NN 34823 519 42 of of IN 34823 519 43 steel steel NN 34823 519 44 rails rail NNS 34823 519 45 , , , 34823 519 46 which which WDT 34823 519 47 rests rest VBZ 34823 519 48 on on IN 34823 519 49 the the DT 34823 519 50 value value NN 34823 519 51 of of IN 34823 519 52 the the DT 34823 519 53 service service NN 34823 519 54 of of IN 34823 519 55 transporting transport VBG 34823 519 56 building building NN 34823 519 57 materials material NNS 34823 519 58 , , , 34823 519 59 which which WDT 34823 519 60 rests rest VBZ 34823 519 61 on on IN 34823 519 62 the the DT 34823 519 63 value value NN 34823 519 64 of of IN 34823 519 65 a a DT 34823 519 66 building building NN 34823 519 67 , , , 34823 519 68 which which WDT 34823 519 69 rests rest VBZ 34823 519 70 on on IN 34823 519 71 the the DT 34823 519 72 value value NN 34823 519 73 of of IN 34823 519 74 the the DT 34823 519 75 services service NNS 34823 519 76 which which WDT 34823 519 77 a a DT 34823 519 78 dentist dentist JJ 34823 519 79 performs perform VBZ 34823 519 80 in in IN 34823 519 81 an an DT 34823 519 82 office office NN 34823 519 83 in in IN 34823 519 84 the the DT 34823 519 85 building building NN 34823 519 86 . . . 34823 520 1 This this DT 34823 520 2 is be VBZ 34823 520 3 the the DT 34823 520 4 main main JJ 34823 520 5 line line NN 34823 520 6 of of IN 34823 520 7 causation causation NN 34823 520 8 . . . 34823 521 1 This this DT 34823 521 2 is be VBZ 34823 521 3 the the DT 34823 521 4 first first JJ 34823 521 5 approximation approximation NN 34823 521 6 which which WDT 34823 521 7 gives give VBZ 34823 521 8 us -PRON- PRP 34823 521 9 a a DT 34823 521 10 clue clue NN 34823 521 11 , , , 34823 521 12 without without IN 34823 521 13 which which WDT 34823 521 14 we -PRON- PRP 34823 521 15 should should MD 34823 521 16 find find VB 34823 521 17 problems problem NNS 34823 521 18 insoluble insoluble JJ 34823 521 19 . . . 34823 522 1 But but CC 34823 522 2 is be VBZ 34823 522 3 it -PRON- PRP 34823 522 4 not not RB 34823 522 5 clear clear JJ 34823 522 6 that that IN 34823 522 7 this this DT 34823 522 8 can can MD 34823 522 9 not not RB 34823 522 10 be be VB 34823 522 11 the the DT 34823 522 12 whole whole JJ 34823 522 13 story story NN 34823 522 14 ? ? . 34823 523 1 At at IN 34823 523 2 every every DT 34823 523 3 step step NN 34823 523 4 complications complication NNS 34823 523 5 enter enter VBP 34823 523 6 . . . 34823 524 1 The the DT 34823 524 2 whole whole JJ 34823 524 3 thing thing NN 34823 524 4 can can MD 34823 524 5 not not RB 34823 524 6 be be VB 34823 524 7 got get VBN 34823 524 8 out out IN 34823 524 9 of of IN 34823 524 10 the the DT 34823 524 11 value value NN 34823 524 12 of of IN 34823 524 13 the the DT 34823 524 14 dentist dentist NN 34823 524 15 's 's POS 34823 524 16 services service NNS 34823 524 17 , , , 34823 524 18 and and CC 34823 524 19 the the DT 34823 524 20 other other JJ 34823 524 21 consumers consumer NNS 34823 524 22 ' ' POS 34823 524 23 goods good NNS 34823 524 24 and and CC 34823 524 25 services service NNS 34823 524 26 , , , 34823 524 27 which which WDT 34823 524 28 are be VBP 34823 524 29 indirectly indirectly RB 34823 524 30 aided aid VBN 34823 524 31 by by IN 34823 524 32 the the DT 34823 524 33 property property NN 34823 524 34 to to TO 34823 524 35 which which WDT 34823 524 36 title title NN 34823 524 37 is be VBZ 34823 524 38 given give VBN 34823 524 39 by by IN 34823 524 40 ownership ownership NN 34823 524 41 of of IN 34823 524 42 U.S. U.S. NNP 34823 524 43 Steel Steel NNP 34823 524 44 stock stock NN 34823 524 45 ; ; : 34823 524 46 nor nor CC 34823 524 47 is be VBZ 34823 524 48 the the DT 34823 524 49 value value NN 34823 524 50 of of IN 34823 524 51 the the DT 34823 524 52 stock stock NN 34823 524 53 to to TO 34823 524 54 be be VB 34823 524 55 fully fully RB 34823 524 56 explained explain VBN 34823 524 57 by by IN 34823 524 58 the the DT 34823 524 59 value value NN 34823 524 60 of of IN 34823 524 61 the the DT 34823 524 62 property property NN 34823 524 63 to to TO 34823 524 64 which which WDT 34823 524 65 it -PRON- PRP 34823 524 66 gives give VBZ 34823 524 67 title title NN 34823 524 68 . . . 34823 525 1 At at IN 34823 525 2 every every DT 34823 525 3 step step NN 34823 525 4 , , , 34823 525 5 we -PRON- PRP 34823 525 6 meet meet VBP 34823 525 7 the the DT 34823 525 8 complication complication NN 34823 525 9 that that IN 34823 525 10 men man NNS 34823 525 11 must must MD 34823 525 12 estimate estimate VB 34823 525 13 and and CC 34823 525 14 calculate calculate VB 34823 525 15 , , , 34823 525 16 for for IN 34823 525 17 one one CD 34823 525 18 thing thing NN 34823 525 19 . . . 34823 526 1 And and CC 34823 526 2 rarely rarely RB 34823 526 3 indeed indeed RB 34823 526 4 can can MD 34823 526 5 men man NNS 34823 526 6 see see VB 34823 526 7 all all PDT 34823 526 8 the the DT 34823 526 9 steps step NNS 34823 526 10 , , , 34823 526 11 the the DT 34823 526 12 end end NN 34823 526 13 from from IN 34823 526 14 the the DT 34823 526 15 beginning beginning NN 34823 526 16 . . . 34823 527 1 Take take VB 34823 527 2 first first RB 34823 527 3 a a DT 34823 527 4 very very RB 34823 527 5 simple simple JJ 34823 527 6 case case NN 34823 527 7 , , , 34823 527 8 wheat wheat NN 34823 527 9 land land NN 34823 527 10 . . . 34823 528 1 The the DT 34823 528 2 value value NN 34823 528 3 of of IN 34823 528 4 the the DT 34823 528 5 wheat wheat NN 34823 528 6 land land NN 34823 528 7 of of IN 34823 528 8 to to IN 34823 528 9 - - HYPH 34823 528 10 day day NN 34823 528 11 rests rest NNS 34823 528 12 on on IN 34823 528 13 the the DT 34823 528 14 value value NN 34823 528 15 of of IN 34823 528 16 wheat wheat NN 34823 528 17 , , , 34823 528 18 but but CC 34823 528 19 it -PRON- PRP 34823 528 20 is be VBZ 34823 528 21 the the DT 34823 528 22 wheat wheat NN 34823 528 23 of of IN 34823 528 24 to to IN 34823 528 25 - - HYPH 34823 528 26 morrow morrow NN 34823 528 27 and and CC 34823 528 28 for for IN 34823 528 29 many many JJ 34823 528 30 years year NNS 34823 528 31 to to TO 34823 528 32 come come VB 34823 528 33 ; ; : 34823 528 34 the the DT 34823 528 35 wheat wheat NN 34823 528 36 of of IN 34823 528 37 to to IN 34823 528 38 - - HYPH 34823 528 39 morrow morrow NN 34823 528 40 rests rest NNS 34823 528 41 for for IN 34823 528 42 its -PRON- PRP$ 34823 528 43 value value NN 34823 528 44 on on IN 34823 528 45 the the DT 34823 528 46 value value NN 34823 528 47 of of IN 34823 528 48 the the DT 34823 528 49 bread bread NN 34823 528 50 of of IN 34823 528 51 the the DT 34823 528 52 day day NN 34823 528 53 after after IN 34823 528 54 to to IN 34823 528 55 - - HYPH 34823 528 56 morrow morrow NN 34823 528 57 . . . 34823 529 1 Sometimes sometimes RB 34823 529 2 the the DT 34823 529 3 differential differential NN 34823 529 4 between between IN 34823 529 5 goods good NNS 34823 529 6 at at IN 34823 529 7 two two CD 34823 529 8 consecutive consecutive JJ 34823 529 9 steps step NNS 34823 529 10 in in IN 34823 529 11 the the DT 34823 529 12 productive productive JJ 34823 529 13 process process NN 34823 529 14 is be VBZ 34823 529 15 pretty pretty RB 34823 529 16 constant constant JJ 34823 529 17 . . . 34823 530 1 Wheat wheat NN 34823 530 2 and and CC 34823 530 3 flour flour NN 34823 530 4 vary vary VBP 34823 530 5 pretty pretty RB 34823 530 6 closely closely RB 34823 530 7 together together RB 34823 530 8 . . . 34823 531 1 The the DT 34823 531 2 differential differential NN 34823 531 3 is be VBZ 34823 531 4 not not RB 34823 531 5 strictly strictly RB 34823 531 6 fixed fix VBN 34823 531 7 even even RB 34823 531 8 there there RB 34823 531 9 . . . 34823 532 1 But but CC 34823 532 2 bread bread NN 34823 532 3 and and CC 34823 532 4 wheat wheat NN 34823 532 5 land land NN 34823 532 6 have have VBP 34823 532 7 a a DT 34823 532 8 much much RB 34823 532 9 looser loose JJR 34823 532 10 connection connection NN 34823 532 11 in in IN 34823 532 12 their -PRON- PRP$ 34823 532 13 variations variation NNS 34823 532 14 . . . 34823 533 1 If if IN 34823 533 2 land land NN 34823 533 3 could could MD 34823 533 4 produce produce VB 34823 533 5 no no DT 34823 533 6 wheat wheat NN 34823 533 7 or or CC 34823 533 8 corn corn NN 34823 533 9 or or CC 34823 533 10 other other JJ 34823 533 11 good good NN 34823 533 12 that that WDT 34823 533 13 would would MD 34823 533 14 satisfy satisfy VB 34823 533 15 human human JJ 34823 533 16 wants want NNS 34823 533 17 , , , 34823 533 18 and and CC 34823 533 19 if if IN 34823 533 20 it -PRON- PRP 34823 533 21 could could MD 34823 533 22 not not RB 34823 533 23 itself -PRON- PRP 34823 533 24 satisfy satisfy VB 34823 533 25 human human JJ 34823 533 26 wants want NNS 34823 533 27 , , , 34823 533 28 it -PRON- PRP 34823 533 29 would would MD 34823 533 30 ordinarily ordinarily RB 34823 533 31 have have VB 34823 533 32 no no DT 34823 533 33 value value NN 34823 533 34 . . . 34823 534 1 [ [ -LRB- 34823 534 2 40 40 CD 34823 534 3 ] ] -RRB- 34823 534 4 But but CC 34823 534 5 the the DT 34823 534 6 connection connection NN 34823 534 7 between between IN 34823 534 8 the the DT 34823 534 9 value value NN 34823 534 10 of of IN 34823 534 11 the the DT 34823 534 12 bread bread NN 34823 534 13 and and CC 34823 534 14 the the DT 34823 534 15 value value NN 34823 534 16 of of IN 34823 534 17 the the DT 34823 534 18 land land NN 34823 534 19 is be VBZ 34823 534 20 loose loose JJ 34823 534 21 and and CC 34823 534 22 uncertain uncertain JJ 34823 534 23 , , , 34823 534 24 while while IN 34823 534 25 the the DT 34823 534 26 connection connection NN 34823 534 27 between between IN 34823 534 28 the the DT 34823 534 29 value value NN 34823 534 30 of of IN 34823 534 31 the the DT 34823 534 32 land land NN 34823 534 33 and and CC 34823 534 34 the the DT 34823 534 35 intensity intensity NN 34823 534 36 of of IN 34823 534 37 the the DT 34823 534 38 wants want VBZ 34823 534 39 actually actually RB 34823 534 40 satisfied satisfied JJ 34823 534 41 by by IN 34823 534 42 the the DT 34823 534 43 bread bread NN 34823 534 44 produced produce VBN 34823 534 45 from from IN 34823 534 46 it -PRON- PRP 34823 534 47 , , , 34823 534 48 is be VBZ 34823 534 49 absolutely absolutely RB 34823 534 50 _ _ NNP 34823 534 51 nil nil NNP 34823 534 52 _ _ NNP 34823 534 53 . . . 34823 535 1 Whether whether IN 34823 535 2 the the DT 34823 535 3 bread bread NN 34823 535 4 saves save VBZ 34823 535 5 a a DT 34823 535 6 starving starve VBG 34823 535 7 man man NN 34823 535 8 or or CC 34823 535 9 feeds feed VBZ 34823 535 10 the the DT 34823 535 11 pet pet JJ 34823 535 12 pigeons pigeon NNS 34823 535 13 of of IN 34823 535 14 a a DT 34823 535 15 millionaire millionaire NN 34823 535 16 , , , 34823 535 17 is be VBZ 34823 535 18 a a DT 34823 535 19 matter matter NN 34823 535 20 of of IN 34823 535 21 indifference indifference NN 34823 535 22 so so RB 34823 535 23 far far RB 34823 535 24 as as IN 34823 535 25 the the DT 34823 535 26 value value NN 34823 535 27 of of IN 34823 535 28 the the DT 34823 535 29 land land NN 34823 535 30 ( ( -LRB- 34823 535 31 or or CC 34823 535 32 of of IN 34823 535 33 the the DT 34823 535 34 bread bread NN 34823 535 35 ) ) -RRB- 34823 535 36 is be VBZ 34823 535 37 concerned concern VBN 34823 535 38 . . . 34823 536 1 We -PRON- PRP 34823 536 2 take take VBP 34823 536 3 the the DT 34823 536 4 values value NNS 34823 536 5 of of IN 34823 536 6 consumption consumption NN 34823 536 7 goods good NNS 34823 536 8 , , , 34823 536 9 and and CC 34823 536 10 break break VB 34823 536 11 them -PRON- PRP 34823 536 12 up up RP 34823 536 13 , , , 34823 536 14 attributing attribute VBG 34823 536 15 part part NN 34823 536 16 to to IN 34823 536 17 the the DT 34823 536 18 labor labor NN 34823 536 19 that that WDT 34823 536 20 immediately immediately RB 34823 536 21 produced produce VBD 34823 536 22 them -PRON- PRP 34823 536 23 , , , 34823 536 24 part part NN 34823 536 25 to to IN 34823 536 26 the the DT 34823 536 27 raw raw JJ 34823 536 28 materials material NNS 34823 536 29 that that WDT 34823 536 30 entered enter VBD 34823 536 31 into into IN 34823 536 32 them -PRON- PRP 34823 536 33 , , , 34823 536 34 part part NN 34823 536 35 to to IN 34823 536 36 the the DT 34823 536 37 machine machine NN 34823 536 38 that that WDT 34823 536 39 fashioned fashion VBD 34823 536 40 them -PRON- PRP 34823 536 41 , , , 34823 536 42 and and CC 34823 536 43 so so RB 34823 536 44 on on RB 34823 536 45 . . . 34823 537 1 We -PRON- PRP 34823 537 2 then then RB 34823 537 3 break break VBP 34823 537 4 up up RP 34823 537 5 the the DT 34823 537 6 value value NN 34823 537 7 attributed attribute VBN 34823 537 8 to to IN 34823 537 9 the the DT 34823 537 10 raw raw JJ 34823 537 11 material material NN 34823 537 12 , , , 34823 537 13 attributing attribute VBG 34823 537 14 part part NN 34823 537 15 to to IN 34823 537 16 the the DT 34823 537 17 labor labor NN 34823 537 18 that that WDT 34823 537 19 worked work VBD 34823 537 20 in in IN 34823 537 21 producing produce VBG 34823 537 22 it -PRON- PRP 34823 537 23 immediately immediately RB 34823 537 24 , , , 34823 537 25 part part NN 34823 537 26 to to IN 34823 537 27 the the DT 34823 537 28 machine machine NN 34823 537 29 that that WDT 34823 537 30 fashioned fashion VBD 34823 537 31 it -PRON- PRP 34823 537 32 , , , 34823 537 33 part part NN 34823 537 34 to to IN 34823 537 35 the the DT 34823 537 36 rawer rawer NN 34823 537 37 material material NN 34823 537 38 of of IN 34823 537 39 which which WDT 34823 537 40 it -PRON- PRP 34823 537 41 was be VBD 34823 537 42 made make VBN 34823 537 43 . . . 34823 538 1 And and CC 34823 538 2 so so RB 34823 538 3 with with IN 34823 538 4 the the DT 34823 538 5 values value NNS 34823 538 6 of of IN 34823 538 7 the the DT 34823 538 8 machines machine NNS 34823 538 9 . . . 34823 539 1 Ultimately ultimately RB 34823 539 2 we -PRON- PRP 34823 539 3 get get VBP 34823 539 4 back back RB 34823 539 5 to to IN 34823 539 6 the the DT 34823 539 7 values value NNS 34823 539 8 of of IN 34823 539 9 labor labor NN 34823 539 10 , , , 34823 539 11 or or CC 34823 539 12 of of IN 34823 539 13 land land NN 34823 539 14 , , , 34823 539 15 or or CC 34823 539 16 of of IN 34823 539 17 securities security NNS 34823 539 18 giving give VBG 34823 539 19 title title NN 34823 539 20 to to IN 34823 539 21 complexes complex NNS 34823 539 22 of of IN 34823 539 23 lands land NNS 34823 539 24 , , , 34823 539 25 machines machine NNS 34823 539 26 , , , 34823 539 27 etc.--values etc.--value NNS 34823 539 28 which which WDT 34823 539 29 we -PRON- PRP 34823 539 30 do do VBP 34823 539 31 not not RB 34823 539 32 further further RB 34823 539 33 break break VB 34823 539 34 up up RP 34823 539 35 . . . 34823 540 1 But but CC 34823 540 2 at at IN 34823 540 3 every every DT 34823 540 4 step step NN 34823 540 5 , , , 34823 540 6 we -PRON- PRP 34823 540 7 find find VBP 34823 540 8 additional additional JJ 34823 540 9 factors factor NNS 34823 540 10 . . . 34823 541 1 We -PRON- PRP 34823 541 2 find find VBP 34823 541 3 these these DT 34823 541 4 derived derive VBN 34823 541 5 values value NNS 34823 541 6 becoming become VBG 34823 541 7 independent independent JJ 34823 541 8 , , , 34823 541 9 substantial substantial JJ 34823 541 10 , , , 34823 541 11 standing stand VBG 34823 541 12 in in IN 34823 541 13 their -PRON- PRP$ 34823 541 14 own own JJ 34823 541 15 right right NN 34823 541 16 . . . 34823 542 1 Moral moral JJ 34823 542 2 and and CC 34823 542 3 legal legal JJ 34823 542 4 values value NNS 34823 542 5 affect affect VBP 34823 542 6 them -PRON- PRP 34823 542 7 directly directly RB 34823 542 8 , , , 34823 542 9 as as IN 34823 542 10 in in IN 34823 542 11 the the DT 34823 542 12 case case NN 34823 542 13 of of IN 34823 542 14 patriotic patriotic JJ 34823 542 15 support support NN 34823 542 16 of of IN 34823 542 17 government government NN 34823 542 18 securities security NNS 34823 542 19 , , , 34823 542 20 moral moral JJ 34823 542 21 antagonism antagonism NN 34823 542 22 to to IN 34823 542 23 the the DT 34823 542 24 securities security NNS 34823 542 25 of of IN 34823 542 26 the the DT 34823 542 27 Distillers Distillers NNPS 34823 542 28 ' ' POS 34823 542 29 Securities Securities NNPS 34823 542 30 Corporation Corporation NNP 34823 542 31 , , , 34823 542 32 or or CC 34823 542 33 the the DT 34823 542 34 influence influence NN 34823 542 35 of of IN 34823 542 36 court court NN 34823 542 37 decisions decision NNS 34823 542 38 , , , 34823 542 39 legislation legislation NN 34823 542 40 and and CC 34823 542 41 elections election NNS 34823 542 42 on on IN 34823 542 43 security security NN 34823 542 44 values value NNS 34823 542 45 . . . 34823 543 1 Such such JJ 34823 543 2 values value NNS 34823 543 3 rest rest VBP 34823 543 4 , , , 34823 543 5 in in IN 34823 543 6 large large JJ 34823 543 7 degree degree NN 34823 543 8 , , , 34823 543 9 on on IN 34823 543 10 the the DT 34823 543 11 massing massing NN 34823 543 12 of of IN 34823 543 13 _ _ NNP 34823 543 14 beliefs belief NNS 34823 543 15 _ _ NNP 34823 543 16 and and CC 34823 543 17 hopes hope VBZ 34823 543 18 , , , 34823 543 19 not not RB 34823 543 20 concerned concerned JJ 34823 543 21 with with IN 34823 543 22 specific specific JJ 34823 543 23 satisfactions satisfaction NNS 34823 543 24 of of IN 34823 543 25 wants want NNS 34823 543 26 , , , 34823 543 27 but but CC 34823 543 28 with with IN 34823 543 29 the the DT 34823 543 30 existence existence NN 34823 543 31 of of IN 34823 543 32 _ _ NNP 34823 543 33 future future NN 34823 543 34 _ _ NNP 34823 543 35 economic economic JJ 34823 543 36 values value NNS 34823 543 37 . . . 34823 544 1 These these DT 34823 544 2 beliefs belief NNS 34823 544 3 and and CC 34823 544 4 hopes hope NNS 34823 544 5 again again RB 34823 544 6 have have VBP 34823 544 7 their -PRON- PRP$ 34823 544 8 social social JJ 34823 544 9 explanation explanation NN 34823 544 10 . . . 34823 545 1 It -PRON- PRP 34823 545 2 is be VBZ 34823 545 3 not not RB 34823 545 4 a a DT 34823 545 5 case case NN 34823 545 6 where where WRB 34823 545 7 each each DT 34823 545 8 man man NN 34823 545 9 counts count VBZ 34823 545 10 one one CD 34823 545 11 . . . 34823 546 1 There there EX 34823 546 2 are be VBP 34823 546 3 centres centre NNS 34823 546 4 of of IN 34823 546 5 prestige prestige NN 34823 546 6 and and CC 34823 546 7 power power NN 34823 546 8 , , , 34823 546 9 bankers banker NNS 34823 546 10 and and CC 34823 546 11 financial financial JJ 34823 546 12 magnates magnate NNS 34823 546 13 , , , 34823 546 14 whose whose WP$ 34823 546 15 opinions opinion NNS 34823 546 16 and and CC 34823 546 17 decisions decision NNS 34823 546 18 count count VBP 34823 546 19 heavily heavily RB 34823 546 20 , , , 34823 546 21 and and CC 34823 546 22 waves wave NNS 34823 546 23 of of IN 34823 546 24 optimism optimism NN 34823 546 25 and and CC 34823 546 26 pessimism pessimism NN 34823 546 27 , , , 34823 546 28 which which WDT 34823 546 29 affect affect VBP 34823 546 30 the the DT 34823 546 31 whole whole JJ 34823 546 32 group group NN 34823 546 33 . . . 34823 547 1 We -PRON- PRP 34823 547 2 shall shall MD 34823 547 3 discuss discuss VB 34823 547 4 these these DT 34823 547 5 matters matter NNS 34823 547 6 more more RBR 34823 547 7 fully fully RB 34823 547 8 in in IN 34823 547 9 connection connection NN 34823 547 10 with with IN 34823 547 11 the the DT 34823 547 12 analysis analysis NN 34823 547 13 of of IN 34823 547 14 credit credit NN 34823 547 15 , , , 34823 547 16 at at IN 34823 547 17 a a DT 34823 547 18 later later JJ 34823 547 19 point point NN 34823 547 20 of of IN 34823 547 21 our -PRON- PRP$ 34823 547 22 study study NN 34823 547 23 . . . 34823 548 1 For for IN 34823 548 2 the the DT 34823 548 3 present present NN 34823 548 4 , , , 34823 548 5 it -PRON- PRP 34823 548 6 is be VBZ 34823 548 7 enough enough JJ 34823 548 8 to to TO 34823 548 9 point point VB 34823 548 10 out out RP 34823 548 11 that that IN 34823 548 12 the the DT 34823 548 13 whole whole JJ 34823 548 14 thing thing NN 34823 548 15 can can MD 34823 548 16 not not RB 34823 548 17 be be VB 34823 548 18 explained explain VBN 34823 548 19 on on IN 34823 548 20 the the DT 34823 548 21 basis basis NN 34823 548 22 of of IN 34823 548 23 the the DT 34823 548 24 values value NNS 34823 548 25 of of IN 34823 548 26 consumers consumer NNS 34823 548 27 ' ' POS 34823 548 28 goods good NNS 34823 548 29 , , , 34823 548 30 and and CC 34823 548 31 that that IN 34823 548 32 the the DT 34823 548 33 values value NNS 34823 548 34 of of IN 34823 548 35 consumers consumer NNS 34823 548 36 ' ' POS 34823 548 37 goods good NNS 34823 548 38 are be VBP 34823 548 39 only only RB 34823 548 40 in in IN 34823 548 41 small small JJ 34823 548 42 part part NN 34823 548 43 explained explain VBN 34823 548 44 by by IN 34823 548 45 the the DT 34823 548 46 intensities intensity NNS 34823 548 47 of of IN 34823 548 48 the the DT 34823 548 49 wants want NNS 34823 548 50 they -PRON- PRP 34823 548 51 serve serve VBP 34823 548 52 . . . 34823 549 1 In in IN 34823 549 2 summary summary NN 34823 549 3 : : : 34823 549 4 Economic economic JJ 34823 549 5 value value NN 34823 549 6 is be VBZ 34823 549 7 the the DT 34823 549 8 common common JJ 34823 549 9 quality quality NN 34823 549 10 of of IN 34823 549 11 wealth wealth NN 34823 549 12 , , , 34823 549 13 by by IN 34823 549 14 virtue virtue NN 34823 549 15 of of IN 34823 549 16 which which WDT 34823 549 17 it -PRON- PRP 34823 549 18 is be VBZ 34823 549 19 possible possible JJ 34823 549 20 to to TO 34823 549 21 compare compare VB 34823 549 22 divers diver NNS 34823 549 23 kinds kind NNS 34823 549 24 of of IN 34823 549 25 wealth wealth NN 34823 549 26 , , , 34823 549 27 and and CC 34823 549 28 treat treat VB 34823 549 29 wealth wealth NN 34823 549 30 quantitatively quantitatively RB 34823 549 31 , , , 34823 549 32 getting get VBG 34823 549 33 ratios ratio NNS 34823 549 34 of of IN 34823 549 35 exchange exchange NN 34823 549 36 , , , 34823 549 37 sums sum NNS 34823 549 38 of of IN 34823 549 39 wealth wealth NN 34823 549 40 , , , 34823 549 41 etc etc FW 34823 549 42 . . . 34823 550 1 Value value NN 34823 550 2 is be VBZ 34823 550 3 a a DT 34823 550 4 quantity quantity NN 34823 550 5 , , , 34823 550 6 _ _ NNP 34823 550 7 i. i. NNP 34823 551 1 e. e. NNP 34823 551 2 _ _ NNP 34823 551 3 , , , 34823 551 4 a a DT 34823 551 5 quality quality NN 34823 551 6 which which WDT 34823 551 7 has have VBZ 34823 551 8 degrees degree NNS 34823 551 9 of of IN 34823 551 10 intensity intensity NN 34823 551 11 . . . 34823 552 1 Ratios ratio NNS 34823 552 2 of of IN 34823 552 3 exchange exchange NN 34823 552 4 are be VBP 34823 552 5 ratios ratio NNS 34823 552 6 between between IN 34823 552 7 values value NNS 34823 552 8 . . . 34823 553 1 Price price NN 34823 553 2 is be VBZ 34823 553 3 a a DT 34823 553 4 particular particular JJ 34823 553 5 sort sort NN 34823 553 6 of of RB 34823 553 7 ratio ratio NN 34823 553 8 of of IN 34823 553 9 exchange exchange NN 34823 553 10 , , , 34823 553 11 namely namely RB 34823 553 12 , , , 34823 553 13 a a DT 34823 553 14 ratio ratio NN 34823 553 15 in in IN 34823 553 16 which which WDT 34823 553 17 one one CD 34823 553 18 of of IN 34823 553 19 the the DT 34823 553 20 terms term NNS 34823 553 21 is be VBZ 34823 553 22 the the DT 34823 553 23 value value NN 34823 553 24 of of IN 34823 553 25 the the DT 34823 553 26 money money NN 34823 553 27 - - HYPH 34823 553 28 unit unit NN 34823 553 29 . . . 34823 554 1 Prices price NNS 34823 554 2 correctly correctly RB 34823 554 3 express express VBP 34823 554 4 values value NNS 34823 554 5 on on IN 34823 554 6 the the DT 34823 554 7 assumption assumption NN 34823 554 8 of of IN 34823 554 9 the the DT 34823 554 10 fluid fluid JJ 34823 554 11 market market NN 34823 554 12 , , , 34823 554 13 and and CC 34823 554 14 on on IN 34823 554 15 the the DT 34823 554 16 assumption assumption NN 34823 554 17 that that IN 34823 554 18 the the DT 34823 554 19 value value NN 34823 554 20 of of IN 34823 554 21 the the DT 34823 554 22 money money NN 34823 554 23 - - HYPH 34823 554 24 unit unit NN 34823 554 25 does do VBZ 34823 554 26 not not RB 34823 554 27 vary vary VB 34823 554 28 . . . 34823 555 1 The the DT 34823 555 2 value value NN 34823 555 3 quality quality NN 34823 555 4 is be VBZ 34823 555 5 psychological psychological JJ 34823 555 6 in in IN 34823 555 7 character character NN 34823 555 8 . . . 34823 556 1 It -PRON- PRP 34823 556 2 rests rest VBZ 34823 556 3 in in IN 34823 556 4 human human JJ 34823 556 5 minds mind NNS 34823 556 6 . . . 34823 557 1 But but CC 34823 557 2 not not RB 34823 557 3 in in IN 34823 557 4 the the DT 34823 557 5 minds mind NNS 34823 557 6 of of IN 34823 557 7 individuals individual NNS 34823 557 8 thought think VBN 34823 557 9 of of IN 34823 557 10 separately separately RB 34823 557 11 . . . 34823 558 1 It -PRON- PRP 34823 558 2 is be VBZ 34823 558 3 a a DT 34823 558 4 complex complex NN 34823 558 5 of of IN 34823 558 6 many many JJ 34823 558 7 individual individual JJ 34823 558 8 mental mental JJ 34823 558 9 activities activity NNS 34823 558 10 , , , 34823 558 11 highly highly RB 34823 558 12 institutionalized institutionalized JJ 34823 558 13 , , , 34823 558 14 and and CC 34823 558 15 including include VBG 34823 558 16 legal legal JJ 34823 558 17 and and CC 34823 558 18 moral moral JJ 34823 558 19 values value NNS 34823 558 20 , , , 34823 558 21 hopes hope NNS 34823 558 22 and and CC 34823 558 23 beliefs belief NNS 34823 558 24 and and CC 34823 558 25 expectations expectation NNS 34823 558 26 , , , 34823 558 27 as as RB 34823 558 28 well well RB 34823 558 29 as as IN 34823 558 30 the the DT 34823 558 31 immediate immediate JJ 34823 558 32 intensities intensity NNS 34823 558 33 of of IN 34823 558 34 men man NNS 34823 558 35 's 's POS 34823 558 36 wants want NNS 34823 558 37 for for IN 34823 558 38 consumption consumption NN 34823 558 39 goods good NNS 34823 558 40 . . . 34823 559 1 The the DT 34823 559 2 ultimate ultimate JJ 34823 559 3 test test NN 34823 559 4 of of IN 34823 559 5 scientific scientific JJ 34823 559 6 theory theory NN 34823 559 7 must must MD 34823 559 8 be be VB 34823 559 9 practice practice NN 34823 559 10 . . . 34823 560 1 If if IN 34823 560 2 a a DT 34823 560 3 theory theory NN 34823 560 4 aids aid VBZ 34823 560 5 in in IN 34823 560 6 manipulating manipulate VBG 34823 560 7 facts fact NNS 34823 560 8 , , , 34823 560 9 if if IN 34823 560 10 it -PRON- PRP 34823 560 11 leads lead VBZ 34823 560 12 to to IN 34823 560 13 the the DT 34823 560 14 discovery discovery NN 34823 560 15 of of IN 34823 560 16 ways way NNS 34823 560 17 of of IN 34823 560 18 doing do VBG 34823 560 19 things thing NNS 34823 560 20 which which WDT 34823 560 21 are be VBP 34823 560 22 better well JJR 34823 560 23 than than IN 34823 560 24 old old JJ 34823 560 25 ways way NNS 34823 560 26 , , , 34823 560 27 if if IN 34823 560 28 it -PRON- PRP 34823 560 29 solves solve VBZ 34823 560 30 problems problem NNS 34823 560 31 which which WDT 34823 560 32 have have VBP 34823 560 33 hitherto hitherto VBN 34823 560 34 remained remain VBN 34823 560 35 unsolved unsolved JJ 34823 560 36 , , , 34823 560 37 or or CC 34823 560 38 carries carry VBZ 34823 560 39 the the DT 34823 560 40 solution solution NN 34823 560 41 of of IN 34823 560 42 problems problem NNS 34823 560 43 farther farth JJR 34823 560 44 than than IN 34823 560 45 has have VBZ 34823 560 46 hitherto hitherto VBN 34823 560 47 been be VBN 34823 560 48 the the DT 34823 560 49 case case NN 34823 560 50 , , , 34823 560 51 it -PRON- PRP 34823 560 52 is be VBZ 34823 560 53 a a DT 34823 560 54 good good JJ 34823 560 55 theory theory NN 34823 560 56 . . . 34823 561 1 It -PRON- PRP 34823 561 2 need nee MD 34823 561 3 not not RB 34823 561 4 be be VB 34823 561 5 the the DT 34823 561 6 best good JJS 34823 561 7 possible possible JJ 34823 561 8 theory theory NN 34823 561 9 . . . 34823 562 1 It -PRON- PRP 34823 562 2 need nee MD 34823 562 3 not not RB 34823 562 4 be be VB 34823 562 5 a a DT 34823 562 6 final final JJ 34823 562 7 theory theory NN 34823 562 8 . . . 34823 563 1 The the DT 34823 563 2 chief chief JJ 34823 563 3 claim claim NN 34823 563 4 for for IN 34823 563 5 the the DT 34823 563 6 present present JJ 34823 563 7 theory theory NN 34823 563 8 of of IN 34823 563 9 value value NN 34823 563 10 is be VBZ 34823 563 11 that that IN 34823 563 12 it -PRON- PRP 34823 563 13 not not RB 34823 563 14 only only RB 34823 563 15 unlocks unlock VBZ 34823 563 16 all all PDT 34823 563 17 the the DT 34823 563 18 doors door NNS 34823 563 19 that that WDT 34823 563 20 earlier early JJR 34823 563 21 theories theory NNS 34823 563 22 have have VBP 34823 563 23 unlocked unlock VBN 34823 563 24 , , , 34823 563 25 but but CC 34823 563 26 also also RB 34823 563 27 others other NNS 34823 563 28 which which WDT 34823 563 29 have have VBP 34823 563 30 resisted resist VBN 34823 563 31 the the DT 34823 563 32 old old JJ 34823 563 33 keys key NNS 34823 563 34 . . . 34823 564 1 The the DT 34823 564 2 man man NN 34823 564 3 who who WP 34823 564 4 goes go VBZ 34823 564 5 into into IN 34823 564 6 the the DT 34823 564 7 modern modern JJ 34823 564 8 stock stock NN 34823 564 9 market market NN 34823 564 10 armed arm VBN 34823 564 11 with with IN 34823 564 12 marginal marginal JJ 34823 564 13 utility utility NN 34823 564 14 and and CC 34823 564 15 the the DT 34823 564 16 quantity quantity NN 34823 564 17 theory theory NN 34823 564 18 is be VBZ 34823 564 19 like like IN 34823 564 20 the the DT 34823 564 21 man man NN 34823 564 22 who who WP 34823 564 23 would would MD 34823 564 24 fight fight VB 34823 564 25 Hindenburg Hindenburg NNP 34823 564 26 with with IN 34823 564 27 bows bow NNS 34823 564 28 and and CC 34823 564 29 arrows arrow NNS 34823 564 30 . . . 34823 565 1 Bows bow NNS 34823 565 2 and and CC 34823 565 3 arrows arrow NNS 34823 565 4 are be VBP 34823 565 5 effective effective JJ 34823 565 6 in in IN 34823 565 7 the the DT 34823 565 8 hands hand NNS 34823 565 9 of of IN 34823 565 10 expert expert NN 34823 565 11 archers archer NNS 34823 565 12 , , , 34823 565 13 and and CC 34823 565 14 the the DT 34823 565 15 great great JJ 34823 565 16 figures figure NNS 34823 565 17 in in IN 34823 565 18 the the DT 34823 565 19 history history NN 34823 565 20 of of IN 34823 565 21 economics economic NNS 34823 565 22 have have VBP 34823 565 23 done do VBN 34823 565 24 wonderful wonderful JJ 34823 565 25 things thing NNS 34823 565 26 with with IN 34823 565 27 marginal marginal JJ 34823 565 28 utility utility NN 34823 565 29 , , , 34823 565 30 " " `` 34823 565 31 real real JJ 34823 565 32 costs cost NNS 34823 565 33 , , , 34823 565 34 " " '' 34823 565 35 and and CC 34823 565 36 the the DT 34823 565 37 quantity quantity NN 34823 565 38 theory theory NN 34823 565 39 . . . 34823 566 1 But but CC 34823 566 2 the the DT 34823 566 3 social social JJ 34823 566 4 value value NN 34823 566 5 theory theory NN 34823 566 6 is be VBZ 34823 566 7 offered offer VBN 34823 566 8 as as IN 34823 566 9 a a DT 34823 566 10 better well JJR 34823 566 11 weapon weapon NN 34823 566 12 . . . 34823 567 1 The the DT 34823 567 2 writer writer NN 34823 567 3 believes believe VBZ 34823 567 4 that that IN 34823 567 5 the the DT 34823 567 6 problem problem NN 34823 567 7 of of IN 34823 567 8 the the DT 34823 567 9 value value NN 34823 567 10 of of IN 34823 567 11 money money NN 34823 567 12 has have VBZ 34823 567 13 not not RB 34823 567 14 been be VBN 34823 567 15 solved solve VBN 34823 567 16 by by IN 34823 567 17 the the DT 34823 567 18 older old JJR 34823 567 19 theories theory NNS 34823 567 20 of of IN 34823 567 21 value value NN 34823 567 22 . . . 34823 568 1 He -PRON- PRP 34823 568 2 believes believe VBZ 34823 568 3 that that IN 34823 568 4 the the DT 34823 568 5 social social JJ 34823 568 6 value value NN 34823 568 7 theory theory NN 34823 568 8 will will MD 34823 568 9 solve solve VB 34823 568 10 it -PRON- PRP 34823 568 11 . . . 34823 569 1 He -PRON- PRP 34823 569 2 proposes propose VBZ 34823 569 3 on on IN 34823 569 4 the the DT 34823 569 5 basis basis NN 34823 569 6 of of IN 34823 569 7 the the DT 34823 569 8 social social JJ 34823 569 9 value value NN 34823 569 10 theory theory NN 34823 569 11 to to TO 34823 569 12 make make VB 34823 569 13 clearer clear JJR 34823 569 14 the the DT 34823 569 15 nature nature NN 34823 569 16 of of IN 34823 569 17 credit credit NN 34823 569 18 phenomena phenomenon NNS 34823 569 19 , , , 34823 569 20 and and CC 34823 569 21 to to TO 34823 569 22 assimilate assimilate VB 34823 569 23 the the DT 34823 569 24 laws law NNS 34823 569 25 of of IN 34823 569 26 credit credit NN 34823 569 27 to to IN 34823 569 28 the the DT 34823 569 29 general general JJ 34823 569 30 laws law NNS 34823 569 31 of of IN 34823 569 32 value value NN 34823 569 33 . . . 34823 570 1 He -PRON- PRP 34823 570 2 proposes propose VBZ 34823 570 3 with with IN 34823 570 4 the the DT 34823 570 5 social social JJ 34823 570 6 value value NN 34823 570 7 theory theory NN 34823 570 8 to to TO 34823 570 9 bring bring VB 34823 570 10 together together RB 34823 570 11 in in IN 34823 570 12 a a DT 34823 570 13 higher high JJR 34823 570 14 synthesis synthesis NN 34823 570 15 two two CD 34823 570 16 divergent divergent JJ 34823 570 17 types type NNS 34823 570 18 of of IN 34823 570 19 economic economic JJ 34823 570 20 theory theory NN 34823 570 21 , , , 34823 570 22 the the DT 34823 570 23 " " `` 34823 570 24 static static JJ 34823 570 25 " " '' 34823 570 26 and and CC 34823 570 27 the the DT 34823 570 28 " " `` 34823 570 29 dynamic dynamic JJ 34823 570 30 . . . 34823 570 31 " " '' 34823 571 1 He -PRON- PRP 34823 571 2 thinks think VBZ 34823 571 3 that that IN 34823 571 4 a a DT 34823 571 5 rigorous rigorous JJ 34823 571 6 and and CC 34823 571 7 consistent consistent JJ 34823 571 8 application application NN 34823 571 9 of of IN 34823 571 10 the the DT 34823 571 11 absolute absolute JJ 34823 571 12 concept concept NN 34823 571 13 of of IN 34823 571 14 value value NN 34823 571 15 will will MD 34823 571 16 clarify clarify VB 34823 571 17 confusions confusion NNS 34823 571 18 at at IN 34823 571 19 various various JJ 34823 571 20 points point NNS 34823 571 21 in in IN 34823 571 22 the the DT 34823 571 23 general general JJ 34823 571 24 body body NN 34823 571 25 of of IN 34823 571 26 price price NN 34823 571 27 theory theory NN 34823 571 28 , , , 34823 571 29 as as IN 34823 571 30 the the DT 34823 571 31 laws law NNS 34823 571 32 of of IN 34823 571 33 supply supply NN 34823 571 34 and and CC 34823 571 35 demand demand NN 34823 571 36 , , , 34823 571 37 etc etc FW 34823 571 38 . . . 34823 572 1 He -PRON- PRP 34823 572 2 offers offer VBZ 34823 572 3 the the DT 34823 572 4 social social JJ 34823 572 5 value value NN 34823 572 6 theory theory NN 34823 572 7 as as IN 34823 572 8 the the DT 34823 572 9 only only JJ 34823 572 10 way way NN 34823 572 11 of of IN 34823 572 12 giving give VBG 34823 572 13 a a DT 34823 572 14 _ _ NNP 34823 572 15 psychological psychological JJ 34823 572 16 _ _ NNP 34823 572 17 explanation explanation NN 34823 572 18 to to IN 34823 572 19 the the DT 34823 572 20 demand demand NN 34823 572 21 - - HYPH 34823 572 22 curve curve NN 34823 572 23 , , , 34823 572 24 and and CC 34823 572 25 a a DT 34823 572 26 marginal marginal JJ 34823 572 27 _ _ NNP 34823 572 28 value value NN 34823 572 29 _ _ NNP 34823 572 30 explanation explanation NN 34823 572 31 of of IN 34823 572 32 marginal marginal JJ 34823 572 33 demand-_price demand-_price NN 34823 572 34 _ _ NNP 34823 572 35 . . . 34823 573 1 Demand demand NN 34823 573 2 - - HYPH 34823 573 3 curves curve NNS 34823 573 4 are be VBP 34823 573 5 social social JJ 34823 573 6 value value NN 34823 573 7 curves curve NNS 34823 573 8 , , , 34823 573 9 on on IN 34823 573 10 the the DT 34823 573 11 assumption assumption NN 34823 573 12 of of IN 34823 573 13 the the DT 34823 573 14 fixed fix VBN 34823 573 15 social social JJ 34823 573 16 value value NN 34823 573 17 of of IN 34823 573 18 the the DT 34823 573 19 dollar dollar NN 34823 573 20 . . . 34823 574 1 The the DT 34823 574 2 utility utility NN 34823 574 3 theory theory NN 34823 574 4 , , , 34823 574 5 as as IN 34823 574 6 will will MD 34823 574 7 appear appear VB 34823 574 8 in in IN 34823 574 9 the the DT 34823 574 10 chapter chapter NN 34823 574 11 on on IN 34823 574 12 " " `` 34823 574 13 Marginal Marginal NNP 34823 574 14 Utility Utility NNP 34823 574 15 , , , 34823 574 16 " " '' 34823 574 17 has have VBZ 34823 574 18 failed fail VBN 34823 574 19 to to TO 34823 574 20 give give VB 34823 574 21 psychological psychological JJ 34823 574 22 magnitudes magnitude NNS 34823 574 23 corresponding correspond VBG 34823 574 24 to to IN 34823 574 25 _ _ NNP 34823 574 26 any any DT 34823 574 27 _ _ NNP 34823 574 28 point point NN 34823 574 29 on on IN 34823 574 30 the the DT 34823 574 31 demand demand NN 34823 574 32 - - HYPH 34823 574 33 curve curve NN 34823 574 34 . . . 34823 575 1 In in IN 34823 575 2 general general JJ 34823 575 3 , , , 34823 575 4 he -PRON- PRP 34823 575 5 offers offer VBZ 34823 575 6 the the DT 34823 575 7 social social JJ 34823 575 8 value value NN 34823 575 9 notion notion NN 34823 575 10 as as IN 34823 575 11 the the DT 34823 575 12 justification justification NN 34823 575 13 for for IN 34823 575 14 the the DT 34823 575 15 assumption assumption NN 34823 575 16 of of IN 34823 575 17 a a DT 34823 575 18 quantitative quantitative JJ 34823 575 19 value value NN 34823 575 20 which which WDT 34823 575 21 , , , 34823 575 22 as as IN 34823 575 23 we -PRON- PRP 34823 575 24 shall shall MD 34823 575 25 see see VB 34823 575 26 , , , 34823 575 27 underlies underlie VBZ 34823 575 28 the the DT 34823 575 29 whole whole NN 34823 575 30 of of IN 34823 575 31 our -PRON- PRP$ 34823 575 32 current current JJ 34823 575 33 price price NN 34823 575 34 analysis analysis NN 34823 575 35 . . . 34823 576 1 The the DT 34823 576 2 theory theory NN 34823 576 3 here here RB 34823 576 4 outlined outline VBD 34823 576 5 has have VBZ 34823 576 6 been be VBN 34823 576 7 , , , 34823 576 8 as as IN 34823 576 9 stated state VBN 34823 576 10 , , , 34823 576 11 developed develop VBN 34823 576 12 and and CC 34823 576 13 defended defend VBD 34823 576 14 more more RBR 34823 576 15 fully fully RB 34823 576 16 in in IN 34823 576 17 a a DT 34823 576 18 previous previous JJ 34823 576 19 book book NN 34823 576 20 . . . 34823 577 1 For for IN 34823 577 2 the the DT 34823 577 3 rest rest NN 34823 577 4 , , , 34823 577 5 the the DT 34823 577 6 author author NN 34823 577 7 would would MD 34823 577 8 have have VB 34823 577 9 it -PRON- PRP 34823 577 10 judged judge VBN 34823 577 11 by by IN 34823 577 12 its -PRON- PRP$ 34823 577 13 usefulness usefulness NN 34823 577 14 or or CC 34823 577 15 failure failure NN 34823 577 16 as as IN 34823 577 17 a a DT 34823 577 18 tool tool NN 34823 577 19 of of IN 34823 577 20 thought thought NN 34823 577 21 in in IN 34823 577 22 the the DT 34823 577 23 investigations investigation NNS 34823 577 24 which which WDT 34823 577 25 follow follow VBP 34823 577 26 . . . 34823 578 1 NOTE NOTE NNP 34823 578 2 . . . 34823 579 1 It -PRON- PRP 34823 579 2 has have VBZ 34823 579 3 seemed seem VBN 34823 579 4 best well RBS 34823 579 5 not not RB 34823 579 6 to to TO 34823 579 7 break break VB 34823 579 8 the the DT 34823 579 9 main main JJ 34823 579 10 course course NN 34823 579 11 of of IN 34823 579 12 the the DT 34823 579 13 argument argument NN 34823 579 14 of of IN 34823 579 15 this this DT 34823 579 16 chapter chapter NN 34823 579 17 for for IN 34823 579 18 the the DT 34823 579 19 elaboration elaboration NN 34823 579 20 of of IN 34823 579 21 one one CD 34823 579 22 point point NN 34823 579 23 on on IN 34823 579 24 which which WDT 34823 579 25 there there EX 34823 579 26 has have VBZ 34823 579 27 appeared appear VBN 34823 579 28 to to IN 34823 579 29 some some DT 34823 579 30 critics critic NNS 34823 579 31 to to TO 34823 579 32 be be VB 34823 579 33 vagueness vagueness NN 34823 579 34 in in IN 34823 579 35 the the DT 34823 579 36 exposition exposition NN 34823 579 37 of of IN 34823 579 38 the the DT 34823 579 39 social social JJ 34823 579 40 value value NN 34823 579 41 theory theory NN 34823 579 42 in in IN 34823 579 43 my -PRON- PRP$ 34823 579 44 earlier early JJR 34823 579 45 volume volume NN 34823 579 46 , , , 34823 579 47 namely namely RB 34823 579 48 , , , 34823 579 49 the the DT 34823 579 50 relation relation NN 34823 579 51 of of IN 34823 579 52 social social JJ 34823 579 53 values value NNS 34823 579 54 to to IN 34823 579 55 the the DT 34823 579 56 individual individual JJ 34823 579 57 values value NNS 34823 579 58 of of IN 34823 579 59 those those DT 34823 579 60 who who WP 34823 579 61 are be VBP 34823 579 62 moved move VBN 34823 579 63 by by IN 34823 579 64 the the DT 34823 579 65 social social JJ 34823 579 66 values value NNS 34823 579 67 . . . 34823 580 1 Social social JJ 34823 580 2 values value NNS 34823 580 3 have have VBP 34823 580 4 as as IN 34823 580 5 their -PRON- PRP$ 34823 580 6 function function NN 34823 580 7 the the DT 34823 580 8 guidance guidance NN 34823 580 9 and and CC 34823 580 10 control control NN 34823 580 11 of of IN 34823 580 12 the the DT 34823 580 13 activities activity NNS 34823 580 14 of of IN 34823 580 15 men man NNS 34823 580 16 . . . 34823 581 1 But but CC 34823 581 2 men man NNS 34823 581 3 are be VBP 34823 581 4 also also RB 34823 581 5 moved move VBN 34823 581 6 by by IN 34823 581 7 their -PRON- PRP$ 34823 581 8 own own JJ 34823 581 9 individual individual JJ 34823 581 10 feelings feeling NNS 34823 581 11 , , , 34823 581 12 interests interest NNS 34823 581 13 , , , 34823 581 14 and and CC 34823 581 15 desires desire NNS 34823 581 16 . . . 34823 582 1 What what WP 34823 582 2 is be VBZ 34823 582 3 the the DT 34823 582 4 relation relation NN 34823 582 5 between between IN 34823 582 6 these these DT 34823 582 7 two two CD 34823 582 8 sets set NNS 34823 582 9 of of IN 34823 582 10 factors factor NNS 34823 582 11 ? ? . 34823 583 1 In in IN 34823 583 2 what what WP 34823 583 3 has have VBZ 34823 583 4 gone go VBN 34823 583 5 before before RB 34823 583 6 , , , 34823 583 7 it -PRON- PRP 34823 583 8 has have VBZ 34823 583 9 been be VBN 34823 583 10 made make VBN 34823 583 11 clear clear JJ 34823 583 12 that that IN 34823 583 13 social social JJ 34823 583 14 values value NNS 34823 583 15 present present VBP 34823 583 16 themselves -PRON- PRP 34823 583 17 to to IN 34823 583 18 the the DT 34823 583 19 individual individual NN 34823 583 20 as as IN 34823 583 21 opaque opaque JJ 34823 583 22 , , , 34823 583 23 objective objective JJ 34823 583 24 facts fact NNS 34823 583 25 , , , 34823 583 26 largely largely RB 34823 583 27 beyond beyond IN 34823 583 28 his -PRON- PRP$ 34823 583 29 control control NN 34823 583 30 , , , 34823 583 31 to to TO 34823 583 32 which which WDT 34823 583 33 he -PRON- PRP 34823 583 34 must must MD 34823 583 35 adjust adjust VB 34823 583 36 himself -PRON- PRP 34823 583 37 . . . 34823 584 1 They -PRON- PRP 34823 584 2 represent represent VBP 34823 584 3 the the DT 34823 584 4 minds mind NNS 34823 584 5 of of IN 34823 584 6 other other JJ 34823 584 7 men man NNS 34823 584 8 , , , 34823 584 9 acting act VBG 34823 584 10 in in IN 34823 584 11 corporate corporate JJ 34823 584 12 and and CC 34823 584 13 organic organic JJ 34823 584 14 ways way NNS 34823 584 15 , , , 34823 584 16 putting put VBG 34823 584 17 pressure pressure NN 34823 584 18 on on IN 34823 584 19 him -PRON- PRP 34823 584 20 , , , 34823 584 21 or or CC 34823 584 22 offering offer VBG 34823 584 23 him -PRON- PRP 34823 584 24 lures lur NNS 34823 584 25 . . . 34823 585 1 Now now RB 34823 585 2 the the DT 34823 585 3 individual individual JJ 34823 585 4 reckons reckon NNS 34823 585 5 with with IN 34823 585 6 these these DT 34823 585 7 social social JJ 34823 585 8 values value NNS 34823 585 9 in in IN 34823 585 10 the the DT 34823 585 11 same same JJ 34823 585 12 way way NN 34823 585 13 that that WDT 34823 585 14 he -PRON- PRP 34823 585 15 reckons reckon VBZ 34823 585 16 with with IN 34823 585 17 any any DT 34823 585 18 other other JJ 34823 585 19 of of IN 34823 585 20 the the DT 34823 585 21 facts fact NNS 34823 585 22 affecting affect VBG 34823 585 23 the the DT 34823 585 24 economy economy NN 34823 585 25 of of IN 34823 585 26 his -PRON- PRP$ 34823 585 27 life life NN 34823 585 28 . . . 34823 586 1 He -PRON- PRP 34823 586 2 must must MD 34823 586 3 adjust adjust VB 34823 586 4 himself -PRON- PRP 34823 586 5 to to IN 34823 586 6 them -PRON- PRP 34823 586 7 in in IN 34823 586 8 the the DT 34823 586 9 same same JJ 34823 586 10 way way NN 34823 586 11 that that WDT 34823 586 12 he -PRON- PRP 34823 586 13 must must MD 34823 586 14 , , , 34823 586 15 if if IN 34823 586 16 he -PRON- PRP 34823 586 17 is be VBZ 34823 586 18 a a DT 34823 586 19 blacksmith blacksmith NN 34823 586 20 , , , 34823 586 21 adjust adjust VB 34823 586 22 himself -PRON- PRP 34823 586 23 to to IN 34823 586 24 the the DT 34823 586 25 technical technical JJ 34823 586 26 qualities quality NNS 34823 586 27 of of IN 34823 586 28 the the DT 34823 586 29 iron iron NN 34823 586 30 he -PRON- PRP 34823 586 31 is be VBZ 34823 586 32 manipulating manipulate VBG 34823 586 33 . . . 34823 587 1 This this DT 34823 587 2 does do VBZ 34823 587 3 not not RB 34823 587 4 mean mean VB 34823 587 5 that that IN 34823 587 6 he -PRON- PRP 34823 587 7 is be VBZ 34823 587 8 passive passive JJ 34823 587 9 before before IN 34823 587 10 them -PRON- PRP 34823 587 11 , , , 34823 587 12 any any DT 34823 587 13 more more RBR 34823 587 14 than than IN 34823 587 15 he -PRON- PRP 34823 587 16 is be VBZ 34823 587 17 passive passive JJ 34823 587 18 before before IN 34823 587 19 the the DT 34823 587 20 iron iron NN 34823 587 21 . . . 34823 588 1 He -PRON- PRP 34823 588 2 rather rather RB 34823 588 3 seeks seek VBZ 34823 588 4 to to TO 34823 588 5 carry carry VB 34823 588 6 out out RP 34823 588 7 his -PRON- PRP$ 34823 588 8 personal personal JJ 34823 588 9 purposes purpose NNS 34823 588 10 and and CC 34823 588 11 desires desire NNS 34823 588 12 by by IN 34823 588 13 actively actively RB 34823 588 14 adapting adapt VBG 34823 588 15 himself -PRON- PRP 34823 588 16 to to IN 34823 588 17 objective objective JJ 34823 588 18 facts fact NNS 34823 588 19 , , , 34823 588 20 whatever whatever WDT 34823 588 21 they -PRON- PRP 34823 588 22 be be VBP 34823 588 23 . . . 34823 589 1 This this DT 34823 589 2 means mean VBZ 34823 589 3 that that IN 34823 589 4 different different JJ 34823 589 5 individuals individual NNS 34823 589 6 will will MD 34823 589 7 react react VB 34823 589 8 in in IN 34823 589 9 different different JJ 34823 589 10 ways way NNS 34823 589 11 to to IN 34823 589 12 the the DT 34823 589 13 same same JJ 34823 589 14 social social JJ 34823 589 15 value value NN 34823 589 16 . . . 34823 590 1 The the DT 34823 590 2 fear fear NN 34823 590 3 of of IN 34823 590 4 the the DT 34823 590 5 law law NN 34823 590 6 will will MD 34823 590 7 keep keep VB 34823 590 8 one one CD 34823 590 9 man man NN 34823 590 10 from from IN 34823 590 11 burning burn VBG 34823 590 12 dead dead JJ 34823 590 13 leaves leave NNS 34823 590 14 in in IN 34823 590 15 the the DT 34823 590 16 street street NN 34823 590 17 where where WRB 34823 590 18 it -PRON- PRP 34823 590 19 will will MD 34823 590 20 not not RB 34823 590 21 keep keep VB 34823 590 22 another another DT 34823 590 23 man man NN 34823 590 24 from from IN 34823 590 25 murder murder NN 34823 590 26 . . . 34823 591 1 A a DT 34823 591 2 given give VBN 34823 591 3 degree degree NN 34823 591 4 of of IN 34823 591 5 social social JJ 34823 591 6 pressure pressure NN 34823 591 7 will will MD 34823 591 8 make make VB 34823 591 9 one one CD 34823 591 10 man man NN 34823 591 11 crease crease VB 34823 591 12 his -PRON- PRP$ 34823 591 13 trousers trouser NNS 34823 591 14 , , , 34823 591 15 while while IN 34823 591 16 another another DT 34823 591 17 man man NN 34823 591 18 will will MD 34823 591 19 not not RB 34823 591 20 even even RB 34823 591 21 know know VB 34823 591 22 that that IN 34823 591 23 the the DT 34823 591 24 pressure pressure NN 34823 591 25 to to TO 34823 591 26 crease crease VB 34823 591 27 one one NN 34823 591 28 's 's POS 34823 591 29 trousers trouser NNS 34823 591 30 exists exist VBZ 34823 591 31 ! ! . 34823 592 1 There there EX 34823 592 2 are be VBP 34823 592 3 great great JJ 34823 592 4 individual individual JJ 34823 592 5 variations variation NNS 34823 592 6 in in IN 34823 592 7 responsiveness responsiveness NN 34823 592 8 and and CC 34823 592 9 sensitiveness sensitiveness NN 34823 592 10 to to IN 34823 592 11 social social JJ 34823 592 12 pressure pressure NN 34823 592 13 . . . 34823 593 1 In in IN 34823 593 2 part part NN 34823 593 3 , , , 34823 593 4 these these DT 34823 593 5 variations variation NNS 34823 593 6 are be VBP 34823 593 7 due due JJ 34823 593 8 to to IN 34823 593 9 inborn inborn JJ 34823 593 10 qualities quality NNS 34823 593 11 . . . 34823 594 1 In in IN 34823 594 2 larger large JJR 34823 594 3 part part NN 34823 594 4 , , , 34823 594 5 they -PRON- PRP 34823 594 6 are be VBP 34823 594 7 due due JJ 34823 594 8 to to IN 34823 594 9 social social JJ 34823 594 10 education education NN 34823 594 11 , , , 34823 594 12 and and CC 34823 594 13 to to IN 34823 594 14 social social JJ 34823 594 15 status status NN 34823 594 16 . . . 34823 595 1 Thus thus RB 34823 595 2 , , , 34823 595 3 the the DT 34823 595 4 fact fact NN 34823 595 5 that that IN 34823 595 6 one one CD 34823 595 7 man man NN 34823 595 8 will will MD 34823 595 9 work work VB 34823 595 10 all all DT 34823 595 11 day day NN 34823 595 12 in in IN 34823 595 13 a a DT 34823 595 14 ditch ditch NN 34823 595 15 in in IN 34823 595 16 response response NN 34823 595 17 to to IN 34823 595 18 the the DT 34823 595 19 lure lure NN 34823 595 20 of of IN 34823 595 21 a a DT 34823 595 22 dollar dollar NN 34823 595 23 and and CC 34823 595 24 a a DT 34823 595 25 half half NN 34823 595 26 , , , 34823 595 27 while while IN 34823 595 28 another another DT 34823 595 29 will will MD 34823 595 30 not not RB 34823 595 31 work work VB 34823 595 32 in in IN 34823 595 33 the the DT 34823 595 34 ditch ditch NN 34823 595 35 for for IN 34823 595 36 a a DT 34823 595 37 hundred hundred CD 34823 595 38 dollars dollar NNS 34823 595 39 a a DT 34823 595 40 day day NN 34823 595 41 , , , 34823 595 42 may may MD 34823 595 43 rest rest VB 34823 595 44 in in IN 34823 595 45 slight slight JJ 34823 595 46 degree degree NN 34823 595 47 on on IN 34823 595 48 the the DT 34823 595 49 greater great JJR 34823 595 50 inborn inborn JJ 34823 595 51 sensitiveness sensitiveness NN 34823 595 52 of of IN 34823 595 53 the the DT 34823 595 54 latter latter JJ 34823 595 55 to to IN 34823 595 56 the the DT 34823 595 57 physical physical JJ 34823 595 58 pain pain NN 34823 595 59 of of IN 34823 595 60 labor labor NN 34823 595 61 , , , 34823 595 62 but but CC 34823 595 63 rests rest VBZ 34823 595 64 primarily primarily RB 34823 595 65 on on IN 34823 595 66 the the DT 34823 595 67 fact fact NN 34823 595 68 that that IN 34823 595 69 the the DT 34823 595 70 latter latter NN 34823 595 71 does do VBZ 34823 595 72 n't not RB 34823 595 73 need need VB 34823 595 74 the the DT 34823 595 75 money money NN 34823 595 76 , , , 34823 595 77 and and CC 34823 595 78 has have VBZ 34823 595 79 a a DT 34823 595 80 social social JJ 34823 595 81 standard standard NN 34823 595 82 , , , 34823 595 83 growing grow VBG 34823 595 84 out out IN 34823 595 85 of of IN 34823 595 86 his -PRON- PRP$ 34823 595 87 class class NN 34823 595 88 - - HYPH 34823 595 89 associations association NNS 34823 595 90 and and CC 34823 595 91 education education NN 34823 595 92 , , , 34823 595 93 which which WDT 34823 595 94 would would MD 34823 595 95 make make VB 34823 595 96 him -PRON- PRP 34823 595 97 ashamed ashamed JJ 34823 595 98 to to TO 34823 595 99 be be VB 34823 595 100 seen see VBN 34823 595 101 in in IN 34823 595 102 the the DT 34823 595 103 ditch ditch NN 34823 595 104 . . . 34823 596 1 Indeed indeed RB 34823 596 2 , , , 34823 596 3 we -PRON- PRP 34823 596 4 may may MD 34823 596 5 think think VB 34823 596 6 of of IN 34823 596 7 the the DT 34823 596 8 social social JJ 34823 596 9 standard standard NN 34823 596 10 in in IN 34823 596 11 question question NN 34823 596 12 as as IN 34823 596 13 a a DT 34823 596 14 social social JJ 34823 596 15 value value NN 34823 596 16 acting act VBG 34823 596 17 _ _ NNP 34823 596 18 on on IN 34823 596 19 _ _ NNP 34823 596 20 him -PRON- PRP 34823 596 21 , , , 34823 596 22 rather rather RB 34823 596 23 than than IN 34823 596 24 _ _ NNP 34823 596 25 in in IN 34823 596 26 _ _ NNP 34823 596 27 him -PRON- PRP 34823 596 28 . . . 34823 597 1 He -PRON- PRP 34823 597 2 fears fear VBZ 34823 597 3 ridicule ridicule NN 34823 597 4 . . . 34823 598 1 The the DT 34823 598 2 same same JJ 34823 598 3 degree degree NN 34823 598 4 of of IN 34823 598 5 social social JJ 34823 598 6 power power NN 34823 598 7 , , , 34823 598 8 luring lure VBG 34823 598 9 men man NNS 34823 598 10 toward toward IN 34823 598 11 the the DT 34823 598 12 ditch ditch NN 34823 598 13 , , , 34823 598 14 exists exist VBZ 34823 598 15 in in IN 34823 598 16 the the DT 34823 598 17 dollar dollar NN 34823 598 18 in in IN 34823 598 19 each each DT 34823 598 20 case case NN 34823 598 21 , , , 34823 598 22 but but CC 34823 598 23 the the DT 34823 598 24 response response NN 34823 598 25 is be VBZ 34823 598 26 very very RB 34823 598 27 different different JJ 34823 598 28 in in IN 34823 598 29 the the DT 34823 598 30 two two CD 34823 598 31 cases case NNS 34823 598 32 . . . 34823 599 1 Later later JJ 34823 599 2 formulations formulation NNS 34823 599 3 of of IN 34823 599 4 the the DT 34823 599 5 utility utility NN 34823 599 6 theory theory NN 34823 599 7 and and CC 34823 599 8 the the DT 34823 599 9 labor labor NN 34823 599 10 cost cost NN 34823 599 11 theory theory NN 34823 599 12 , , , 34823 599 13 as as IN 34823 599 14 represented represent VBN 34823 599 15 by by IN 34823 599 16 the the DT 34823 599 17 theory theory NN 34823 599 18 of of IN 34823 599 19 Schumpeter Schumpeter NNP 34823 599 20 , , , 34823 599 21 which which WDT 34823 599 22 we -PRON- PRP 34823 599 23 shall shall MD 34823 599 24 discuss discuss VB 34823 599 25 in in IN 34823 599 26 the the DT 34823 599 27 chapter chapter NN 34823 599 28 on on IN 34823 599 29 " " `` 34823 599 30 Marginal Marginal NNP 34823 599 31 Utility Utility NNP 34823 599 32 , , , 34823 599 33 " " `` 34823 599 34 give give VB 34823 599 35 us -PRON- PRP 34823 599 36 , , , 34823 599 37 in in IN 34823 599 38 a a DT 34823 599 39 scheme scheme NN 34823 599 40 of of IN 34823 599 41 purely purely RB 34823 599 42 static static JJ 34823 599 43 equilibrium equilibrium NN 34823 599 44 , , , 34823 599 45 a a DT 34823 599 46 picture picture NN 34823 599 47 of of IN 34823 599 48 the the DT 34823 599 49 adjustment adjustment NN 34823 599 50 of of IN 34823 599 51 the the DT 34823 599 52 individual individual JJ 34823 599 53 values value NNS 34823 599 54 to to IN 34823 599 55 the the DT 34823 599 56 social social JJ 34823 599 57 values value NNS 34823 599 58 . . . 34823 600 1 As as IN 34823 600 2 we -PRON- PRP 34823 600 3 shall shall MD 34823 600 4 see see VB 34823 600 5 , , , 34823 600 6 they -PRON- PRP 34823 600 7 give give VBP 34823 600 8 us -PRON- PRP 34823 600 9 no no DT 34823 600 10 account account NN 34823 600 11 whatever whatever WDT 34823 600 12 of of IN 34823 600 13 the the DT 34823 600 14 social social JJ 34823 600 15 values value NNS 34823 600 16 . . . 34823 601 1 They -PRON- PRP 34823 601 2 do do VBP 34823 601 3 not not RB 34823 601 4 explain explain VB 34823 601 5 causation causation NN 34823 601 6 at at RB 34823 601 7 all all RB 34823 601 8 . . . 34823 602 1 But but CC 34823 602 2 they -PRON- PRP 34823 602 3 do do VBP 34823 602 4 show show VB 34823 602 5 that that IN 34823 602 6 there there EX 34823 602 7 is be VBZ 34823 602 8 a a DT 34823 602 9 tendency tendency NN 34823 602 10 for for IN 34823 602 11 the the DT 34823 602 12 individual individual JJ 34823 602 13 marginal marginal JJ 34823 602 14 utilities utility NNS 34823 602 15 of of IN 34823 602 16 consumption consumption NN 34823 602 17 to to TO 34823 602 18 become become VB 34823 602 19 proportional proportional JJ 34823 602 20 to to IN 34823 602 21 the the DT 34823 602 22 social social JJ 34823 602 23 values value NNS 34823 602 24 of of IN 34823 602 25 the the DT 34823 602 26 goods good NNS 34823 602 27 consumed consume VBN 34823 602 28 by by IN 34823 602 29 each each DT 34823 602 30 individual individual NN 34823 602 31 ; ; : 34823 602 32 and and CC 34823 602 33 for for IN 34823 602 34 the the DT 34823 602 35 individual individual JJ 34823 602 36 marginal marginal JJ 34823 602 37 disutilities disutilitie NNS 34823 602 38 in in IN 34823 602 39 production production NN 34823 602 40 to to TO 34823 602 41 become become VB 34823 602 42 proportional proportional JJ 34823 602 43 to to IN 34823 602 44 the the DT 34823 602 45 social social JJ 34823 602 46 values value NNS 34823 602 47 of of IN 34823 602 48 the the DT 34823 602 49 rewards reward NNS 34823 602 50 that that WDT 34823 602 51 come come VBP 34823 602 52 to to IN 34823 602 53 producers producer NNS 34823 602 54 . . . 34823 603 1 The the DT 34823 603 2 scheme scheme NN 34823 603 3 is be VBZ 34823 603 4 highly highly RB 34823 603 5 unrealistic unrealistic JJ 34823 603 6 . . . 34823 604 1 It -PRON- PRP 34823 604 2 has have VBZ 34823 604 3 been be VBN 34823 604 4 emphatically emphatically RB 34823 604 5 repudiated repudiate VBN 34823 604 6 by by IN 34823 604 7 Böhm Böhm NNP 34823 604 8 - - HYPH 34823 604 9 Bawerk Bawerk NNP 34823 604 10 , , , 34823 604 11 so so RB 34823 604 12 far far RB 34823 604 13 as as IN 34823 604 14 the the DT 34823 604 15 disutility disutility NN 34823 604 16 equilibrium equilibrium NN 34823 604 17 is be VBZ 34823 604 18 concerned concern VBN 34823 604 19 . . . 34823 605 1 ( ( -LRB- 34823 605 2 " " `` 34823 605 3 Ultimate ultimate JJ 34823 605 4 Standard Standard NNP 34823 605 5 of of IN 34823 605 6 Value value NN 34823 605 7 , , , 34823 605 8 " " '' 34823 605 9 _ _ NNP 34823 605 10 Annals Annals NNPS 34823 605 11 of of IN 34823 605 12 the the DT 34823 605 13 American American NNP 34823 605 14 Academy Academy NNP 34823 605 15 _ _ NNP 34823 605 16 , , , 34823 605 17 Vol Vol NNP 34823 605 18 . . . 34823 606 1 V V NNP 34823 606 2 , , , 34823 606 3 pp pp NNP 34823 606 4 . . . 34823 607 1 149 149 CD 34823 607 2 - - SYM 34823 607 3 209 209 CD 34823 607 4 . . . 34823 607 5 ) ) -RRB- 34823 608 1 But but CC 34823 608 2 it -PRON- PRP 34823 608 3 is be VBZ 34823 608 4 worth worth JJ 34823 608 5 something something NN 34823 608 6 , , , 34823 608 7 not not RB 34823 608 8 as as IN 34823 608 9 explaining explain VBG 34823 608 10 social social JJ 34823 608 11 values value NNS 34823 608 12 or or CC 34823 608 13 market market NN 34823 608 14 prices price NNS 34823 608 15 , , , 34823 608 16 but but CC 34823 608 17 rather rather RB 34823 608 18 , , , 34823 608 19 as as IN 34823 608 20 showing show VBG 34823 608 21 how how WRB 34823 608 22 individuals individual NNS 34823 608 23 _ _ NNP 34823 608 24 conform conform NN 34823 608 25 _ _ NNP 34823 608 26 to to IN 34823 608 27 social social JJ 34823 608 28 values value NNS 34823 608 29 and and CC 34823 608 30 market market NN 34823 608 31 prices price NNS 34823 608 32 . . . 34823 609 1 _ _ NNP 34823 609 2 Cf Cf NNP 34823 609 3 . . . 34823 610 1 Social Social NNP 34823 610 2 Value Value NNP 34823 610 3 _ _ NNP 34823 610 4 , , , 34823 610 5 pp pp NNP 34823 610 6 . . . 34823 611 1 43 43 CD 34823 611 2 - - SYM 34823 611 3 44 44 CD 34823 611 4 , , , 34823 611 5 n. n. NNP 34823 611 6 2 2 CD 34823 611 7 , , , 34823 611 8 and and CC 34823 611 9 148 148 CD 34823 611 10 . . . 34823 612 1 The the DT 34823 612 2 theory theory NN 34823 612 3 that that IN 34823 612 4 individual individual JJ 34823 612 5 marginal marginal JJ 34823 612 6 utilities utility NNS 34823 612 7 and and CC 34823 612 8 disutilities disutilitie NNS 34823 612 9 are be VBP 34823 612 10 proportional proportional JJ 34823 612 11 to to IN 34823 612 12 market market NN 34823 612 13 values value NNS 34823 612 14 is be VBZ 34823 612 15 unrealistic unrealistic JJ 34823 612 16 enough enough RB 34823 612 17 , , , 34823 612 18 in in IN 34823 612 19 the the DT 34823 612 20 light light NN 34823 612 21 of of IN 34823 612 22 the the DT 34823 612 23 analysis analysis NN 34823 612 24 of of IN 34823 612 25 individual individual JJ 34823 612 26 utilities utility NNS 34823 612 27 which which WDT 34823 612 28 we -PRON- PRP 34823 612 29 have have VBP 34823 612 30 given give VBN 34823 612 31 , , , 34823 612 32 even even RB 34823 612 33 for for IN 34823 612 34 the the DT 34823 612 35 utilities utility NNS 34823 612 36 . . . 34823 613 1 It -PRON- PRP 34823 613 2 is be VBZ 34823 613 3 quite quite RB 34823 613 4 impossible impossible JJ 34823 613 5 to to TO 34823 613 6 make make VB 34823 613 7 anything anything NN 34823 613 8 of of IN 34823 613 9 importance importance NN 34823 613 10 of of IN 34823 613 11 it -PRON- PRP 34823 613 12 from from IN 34823 613 13 the the DT 34823 613 14 side side NN 34823 613 15 of of IN 34823 613 16 individual individual JJ 34823 613 17 disutilities disutilitie NNS 34823 613 18 . . . 34823 614 1 The the DT 34823 614 2 length length NN 34823 614 3 of of IN 34823 614 4 the the DT 34823 614 5 working work VBG 34823 614 6 day day NN 34823 614 7 is be VBZ 34823 614 8 not not RB 34823 614 9 fixed fix VBN 34823 614 10 for for IN 34823 614 11 each each DT 34823 614 12 worker worker NN 34823 614 13 by by IN 34823 614 14 a a DT 34823 614 15 comparison comparison NN 34823 614 16 of of IN 34823 614 17 his -PRON- PRP$ 34823 614 18 own own JJ 34823 614 19 labor labor NN 34823 614 20 pain pain NN 34823 614 21 with with IN 34823 614 22 the the DT 34823 614 23 satisfactions satisfaction NNS 34823 614 24 he -PRON- PRP 34823 614 25 expects expect VBZ 34823 614 26 from from IN 34823 614 27 his -PRON- PRP$ 34823 614 28 wages wage NNS 34823 614 29 . . . 34823 615 1 It -PRON- PRP 34823 615 2 is be VBZ 34823 615 3 fixed fix VBN 34823 615 4 by by IN 34823 615 5 conditions condition NNS 34823 615 6 largely largely RB 34823 615 7 external external JJ 34823 615 8 to to IN 34823 615 9 him -PRON- PRP 34823 615 10 , , , 34823 615 11 and and CC 34823 615 12 the the DT 34823 615 13 whole whole JJ 34823 615 14 group group NN 34823 615 15 works work VBZ 34823 615 16 the the DT 34823 615 17 same same JJ 34823 615 18 number number NN 34823 615 19 of of IN 34823 615 20 hours hour NNS 34823 615 21 , , , 34823 615 22 with with IN 34823 615 23 the the DT 34823 615 24 machine machine NN 34823 615 25 . . . 34823 616 1 The the DT 34823 616 2 law law NN 34823 616 3 may may MD 34823 616 4 limit limit VB 34823 616 5 the the DT 34823 616 6 working work VBG 34823 616 7 day day NN 34823 616 8 . . . 34823 617 1 Trades trade NNS 34823 617 2 - - HYPH 34823 617 3 union union NN 34823 617 4 effort effort NN 34823 617 5 may may MD 34823 617 6 do do VB 34823 617 7 it -PRON- PRP 34823 617 8 . . . 34823 618 1 Opportunities opportunity NNS 34823 618 2 for for IN 34823 618 3 alternative alternative JJ 34823 618 4 employment employment NN 34823 618 5 may may MD 34823 618 6 do do VB 34823 618 7 it -PRON- PRP 34823 618 8 , , , 34823 618 9 for for IN 34823 618 10 the the DT 34823 618 11 labor labor NN 34823 618 12 force force NN 34823 618 13 of of IN 34823 618 14 a a DT 34823 618 15 factory factory NN 34823 618 16 as as IN 34823 618 17 a a DT 34823 618 18 whole whole NN 34823 618 19 . . . 34823 619 1 But but CC 34823 619 2 the the DT 34823 619 3 theory theory NN 34823 619 4 , , , 34823 619 5 which which WDT 34823 619 6 really really RB 34823 619 7 must must MD 34823 619 8 rest rest VB 34823 619 9 in in IN 34823 619 10 the the DT 34823 619 11 notion notion NN 34823 619 12 that that IN 34823 619 13 each each DT 34823 619 14 individual individual NN 34823 619 15 has have VBZ 34823 619 16 many many JJ 34823 619 17 options option NNS 34823 619 18 , , , 34823 619 19 and and CC 34823 619 20 that that IN 34823 619 21 the the DT 34823 619 22 working work VBG 34823 619 23 period period NN 34823 619 24 is be VBZ 34823 619 25 flexible flexible JJ 34823 619 26 , , , 34823 619 27 can can MD 34823 619 28 not not RB 34823 619 29 mean mean VB 34823 619 30 much much RB 34823 619 31 . . . 34823 620 1 The the DT 34823 620 2 prosperity prosperity NN 34823 620 3 of of IN 34823 620 4 the the DT 34823 620 5 laborer laborer NN 34823 620 6 does do VBZ 34823 620 7 more more JJR 34823 620 8 to to TO 34823 620 9 limit limit VB 34823 620 10 the the DT 34823 620 11 working work VBG 34823 620 12 day day NN 34823 620 13 than than IN 34823 620 14 does do VBZ 34823 620 15 his -PRON- PRP$ 34823 620 16 suffering suffering NN 34823 620 17 ! ! . 34823 621 1 The the DT 34823 621 2 reactions reaction NNS 34823 621 3 of of IN 34823 621 4 individuals individual NNS 34823 621 5 as as IN 34823 621 6 consumers consumer NNS 34823 621 7 or or CC 34823 621 8 producers producer NNS 34823 621 9 on on IN 34823 621 10 the the DT 34823 621 11 social social JJ 34823 621 12 values value NNS 34823 621 13 modify modify VBP 34823 621 14 the the DT 34823 621 15 social social JJ 34823 621 16 values value NNS 34823 621 17 . . . 34823 622 1 But but CC 34823 622 2 , , , 34823 622 3 as as IN 34823 622 4 we -PRON- PRP 34823 622 5 have have VBP 34823 622 6 shown show VBN 34823 622 7 , , , 34823 622 8 the the DT 34823 622 9 primary primary JJ 34823 622 10 explanation explanation NN 34823 622 11 of of IN 34823 622 12 the the DT 34823 622 13 social social JJ 34823 622 14 values value NNS 34823 622 15 is be VBZ 34823 622 16 not not RB 34823 622 17 to to TO 34823 622 18 be be VB 34823 622 19 found find VBN 34823 622 20 in in IN 34823 622 21 the the DT 34823 622 22 individual individual JJ 34823 622 23 utilities utility NNS 34823 622 24 and and CC 34823 622 25 disutilities disutilitie NNS 34823 622 26 of of IN 34823 622 27 those those DT 34823 622 28 who who WP 34823 622 29 react react VBP 34823 622 30 to to IN 34823 622 31 them -PRON- PRP 34823 622 32 . . . 34823 623 1 Utilities utility NNS 34823 623 2 and and CC 34823 623 3 labor labor NN 34823 623 4 pains pain NNS 34823 623 5 are be VBP 34823 623 6 parts part NNS 34823 623 7 , , , 34823 623 8 but but CC 34823 623 9 minor minor JJ 34823 623 10 parts part NNS 34823 623 11 , , , 34823 623 12 in in IN 34823 623 13 the the DT 34823 623 14 explanation explanation NN 34823 623 15 of of IN 34823 623 16 social social JJ 34823 623 17 values value NNS 34823 623 18 . . . 34823 624 1 CHAPTER CHAPTER NNP 34823 624 2 II ii CD 34823 624 3 SUPPLY supply NN 34823 624 4 AND and CC 34823 624 5 DEMAND demand NN 34823 624 6 , , , 34823 624 7 AND and CC 34823 624 8 THE the DT 34823 624 9 VALUE value NN 34823 624 10 OF of IN 34823 624 11 MONEY money NN 34823 624 12 The the DT 34823 624 13 theory theory NN 34823 624 14 of of IN 34823 624 15 the the DT 34823 624 16 value value NN 34823 624 17 of of IN 34823 624 18 money money NN 34823 624 19 is be VBZ 34823 624 20 a a DT 34823 624 21 special special JJ 34823 624 22 case case NN 34823 624 23 of of IN 34823 624 24 the the DT 34823 624 25 general general JJ 34823 624 26 theory theory NN 34823 624 27 of of IN 34823 624 28 economic economic JJ 34823 624 29 value value NN 34823 624 30 . . . 34823 625 1 To to IN 34823 625 2 the the DT 34823 625 3 layman layman NN 34823 625 4 , , , 34823 625 5 this this DT 34823 625 6 would would MD 34823 625 7 seem seem VB 34823 625 8 to to TO 34823 625 9 go go VB 34823 625 10 without without IN 34823 625 11 saying say VBG 34823 625 12 . . . 34823 626 1 To to IN 34823 626 2 the the DT 34823 626 3 student student NN 34823 626 4 of of IN 34823 626 5 the the DT 34823 626 6 literature literature NN 34823 626 7 of of IN 34823 626 8 the the DT 34823 626 9 subject subject NN 34823 626 10 , , , 34823 626 11 however however RB 34823 626 12 , , , 34823 626 13 who who WP 34823 626 14 has have VBZ 34823 626 15 noticed notice VBN 34823 626 16 the the DT 34823 626 17 wide wide JJ 34823 626 18 divergence divergence NN 34823 626 19 between between IN 34823 626 20 the the DT 34823 626 21 method method NN 34823 626 22 of of IN 34823 626 23 approach approach NN 34823 626 24 to to IN 34823 626 25 the the DT 34823 626 26 general general JJ 34823 626 27 problem problem NN 34823 626 28 of of IN 34823 626 29 value value NN 34823 626 30 and and CC 34823 626 31 the the DT 34823 626 32 method method NN 34823 626 33 of of IN 34823 626 34 approach approach NN 34823 626 35 to to IN 34823 626 36 the the DT 34823 626 37 problem problem NN 34823 626 38 of of IN 34823 626 39 the the DT 34823 626 40 value value NN 34823 626 41 of of IN 34823 626 42 money money NN 34823 626 43 , , , 34823 626 44 in in IN 34823 626 45 most most JJS 34823 626 46 treatises treatise NNS 34823 626 47 which which WDT 34823 626 48 include include VBP 34823 626 49 both both PDT 34823 626 50 these these DT 34823 626 51 topics topic NNS 34823 626 52 , , , 34823 626 53 the the DT 34823 626 54 proposition proposition NN 34823 626 55 will will MD 34823 626 56 sound sound VB 34823 626 57 unusual unusual JJ 34823 626 58 if if IN 34823 626 59 not not RB 34823 626 60 heretical heretical JJ 34823 626 61 . . . 34823 627 1 Most Most JJS 34823 627 2 text text NN 34823 627 3 - - HYPH 34823 627 4 books book NNS 34823 627 5 in in IN 34823 627 6 English English NNP 34823 627 7 to to IN 34823 627 8 - - HYPH 34823 627 9 day day NN 34823 627 10 will will MD 34823 627 11 offer offer VB 34823 627 12 the the DT 34823 627 13 marginal marginal JJ 34823 627 14 utility utility NN 34823 627 15 theory theory NN 34823 627 16 as as IN 34823 627 17 the the DT 34823 627 18 general general JJ 34823 627 19 theory theory NN 34823 627 20 of of IN 34823 627 21 value value NN 34823 627 22 . . . 34823 628 1 The the DT 34823 628 2 same same JJ 34823 628 3 books book NNS 34823 628 4 commonly commonly RB 34823 628 5 present present VB 34823 628 6 the the DT 34823 628 7 quantity quantity NN 34823 628 8 theory theory NN 34823 628 9 of of IN 34823 628 10 the the DT 34823 628 11 value value NN 34823 628 12 of of IN 34823 628 13 money money NN 34823 628 14 . . . 34823 629 1 Whether whether IN 34823 629 2 or or CC 34823 629 3 not not RB 34823 629 4 the the DT 34823 629 5 two two CD 34823 629 6 theories theory NNS 34823 629 7 are be VBP 34823 629 8 consistent consistent JJ 34823 629 9 may may MD 34823 629 10 wait wait VB 34823 629 11 for for IN 34823 629 12 later later JJ 34823 629 13 discussion discussion NN 34823 629 14 , , , 34823 629 15 but but CC 34823 629 16 that that IN 34823 629 17 the the DT 34823 629 18 quantity quantity NN 34823 629 19 theory theory NN 34823 629 20 of of IN 34823 629 21 money money NN 34823 629 22 is be VBZ 34823 629 23 a a DT 34823 629 24 _ _ NNP 34823 629 25 deduction deduction NN 34823 629 26 from from IN 34823 629 27 _ _ NNP 34823 629 28 the the DT 34823 629 29 utility utility NN 34823 629 30 theory theory NN 34823 629 31 of of IN 34823 629 32 value value NN 34823 629 33 , , , 34823 629 34 and and CC 34823 629 35 a a DT 34823 629 36 _ _ NNP 34823 629 37 special special JJ 34823 629 38 case case NN 34823 629 39 _ _ NNP 34823 629 40 of of IN 34823 629 41 the the DT 34823 629 42 utility utility NN 34823 629 43 theory theory NN 34823 629 44 of of IN 34823 629 45 value value NN 34823 629 46 , , , 34823 629 47 will will MD 34823 629 48 not not RB 34823 629 49 , , , 34823 629 50 I -PRON- PRP 34823 629 51 believe believe VBP 34823 629 52 , , , 34823 629 53 be be VB 34823 629 54 contended contend VBN 34823 629 55 by by IN 34823 629 56 anyone anyone NN 34823 629 57 . . . 34823 630 1 Certainly certainly RB 34823 630 2 in in IN 34823 630 3 its -PRON- PRP$ 34823 630 4 origin origin NN 34823 630 5 , , , 34823 630 6 the the DT 34823 630 7 quantity quantity NN 34823 630 8 theory theory NN 34823 630 9 is be VBZ 34823 630 10 much much RB 34823 630 11 the the DT 34823 630 12 older old JJR 34823 630 13 theory theory NN 34823 630 14 . . . 34823 631 1 The the DT 34823 631 2 same same JJ 34823 631 3 is be VBZ 34823 631 4 true true JJ 34823 631 5 for for IN 34823 631 6 those those DT 34823 631 7 writers writer NNS 34823 631 8 who who WP 34823 631 9 seek seek VBP 34823 631 10 to to TO 34823 631 11 explain explain VB 34823 631 12 value value NN 34823 631 13 in in IN 34823 631 14 general general JJ 34823 631 15 on on IN 34823 631 16 the the DT 34823 631 17 basis basis NN 34823 631 18 of of IN 34823 631 19 cost cost NN 34823 631 20 of of IN 34823 631 21 production production NN 34823 631 22 , , , 34823 631 23 and and CC 34823 631 24 who who WP 34823 631 25 at at IN 34823 631 26 the the DT 34823 631 27 same same JJ 34823 631 28 time time NN 34823 631 29 offer offer VBP 34823 631 30 the the DT 34823 631 31 quantity quantity NN 34823 631 32 theory theory NN 34823 631 33 to to TO 34823 631 34 explain explain VB 34823 631 35 the the DT 34823 631 36 value value NN 34823 631 37 of of IN 34823 631 38 money money NN 34823 631 39 . . . 34823 632 1 The the DT 34823 632 2 two two CD 34823 632 3 theories theory NNS 34823 632 4 may may MD 34823 632 5 or or CC 34823 632 6 may may MD 34823 632 7 not not RB 34823 632 8 be be VB 34823 632 9 consistent consistent JJ 34823 632 10 , , , 34823 632 11 but but CC 34823 632 12 in in IN 34823 632 13 any any DT 34823 632 14 case case NN 34823 632 15 , , , 34823 632 16 they -PRON- PRP 34823 632 17 are be VBP 34823 632 18 logically logically RB 34823 632 19 and and CC 34823 632 20 historically historically RB 34823 632 21 independent independent JJ 34823 632 22 , , , 34823 632 23 neither neither CC 34823 632 24 being be VBG 34823 632 25 a a DT 34823 632 26 deduction deduction NN 34823 632 27 from from IN 34823 632 28 the the DT 34823 632 29 other other JJ 34823 632 30 . . . 34823 633 1 Older old JJR 34823 633 2 writers writer NNS 34823 633 3 ( ( -LRB- 34823 633 4 as as IN 34823 633 5 Walker Walker NNP 34823 633 6 and and CC 34823 633 7 Mill Mill NNP 34823 633 8 ) ) -RRB- 34823 633 9 , , , 34823 633 10 whose whose WP$ 34823 633 11 treatment treatment NN 34823 633 12 of of IN 34823 633 13 the the DT 34823 633 14 general general JJ 34823 633 15 theory theory NN 34823 633 16 of of IN 34823 633 17 value value NN 34823 633 18 runs run VBZ 34823 633 19 in in IN 34823 633 20 terms term NNS 34823 633 21 of of IN 34823 633 22 " " `` 34823 633 23 supply supply NN 34823 633 24 and and CC 34823 633 25 demand demand NN 34823 633 26 , , , 34823 633 27 " " '' 34823 633 28 have have VBP 34823 633 29 stated state VBN 34823 633 30 that that IN 34823 633 31 the the DT 34823 633 32 quantity quantity NN 34823 633 33 theory theory NN 34823 633 34 is be VBZ 34823 633 35 merely merely RB 34823 633 36 a a DT 34823 633 37 special special JJ 34823 633 38 case case NN 34823 633 39 of of IN 34823 633 40 the the DT 34823 633 41 law law NN 34823 633 42 of of IN 34823 633 43 supply supply NN 34823 633 44 and and CC 34823 633 45 demand demand NN 34823 633 46 , , , 34823 633 47 and and CC 34823 633 48 the the DT 34823 633 49 statement statement NN 34823 633 50 is be VBZ 34823 633 51 occasionally occasionally RB 34823 633 52 met meet VBN 34823 633 53 in in IN 34823 633 54 present present JJ 34823 633 55 - - HYPH 34823 633 56 day day NN 34823 633 57 writings writing NNS 34823 633 58 , , , 34823 633 59 though though IN 34823 633 60 one one CD 34823 633 61 of of IN 34823 633 62 the the DT 34823 633 63 most most RBS 34823 633 64 recent recent JJ 34823 633 65 and and CC 34823 633 66 best good JJS 34823 633 67 known know VBN 34823 633 68 of of IN 34823 633 69 the the DT 34823 633 70 expositions exposition NNS 34823 633 71 of of IN 34823 633 72 the the DT 34823 633 73 quantity quantity NN 34823 633 74 theory theory NN 34823 633 75 , , , 34823 633 76 Professor Professor NNP 34823 633 77 Fisher Fisher NNP 34823 633 78 's 's POS 34823 633 79 _ _ NNP 34823 633 80 Purchasing Purchasing NNP 34823 633 81 Power Power NNP 34823 633 82 of of IN 34823 633 83 Money Money NNP 34823 633 84 _ _ NNP 34823 633 85 , , , 34823 633 86 very very RB 34823 633 87 explicitly explicitly RB 34823 633 88 repudiates repudiate VBZ 34823 633 89 this this DT 34823 633 90 doctrine doctrine NN 34823 633 91 . . . 34823 634 1 [ [ -LRB- 34823 634 2 41 41 CD 34823 634 3 ] ] -RRB- 34823 634 4 But but CC 34823 634 5 it -PRON- PRP 34823 634 6 may may MD 34823 634 7 be be VB 34823 634 8 easily easily RB 34823 634 9 shown show VBN 34823 634 10 , , , 34823 634 11 and and CC 34823 634 12 will will MD 34823 634 13 be be VB 34823 634 14 shown show VBN 34823 634 15 later later RB 34823 634 16 , , , 34823 634 17 that that IN 34823 634 18 the the DT 34823 634 19 quantity quantity NN 34823 634 20 theory theory NN 34823 634 21 , , , 34823 634 22 and and CC 34823 634 23 the the DT 34823 634 24 present present JJ 34823 634 25 - - HYPH 34823 634 26 day day NN 34823 634 27 formulation formulation NN 34823 634 28 of of IN 34823 634 29 the the DT 34823 634 30 law law NN 34823 634 31 of of IN 34823 634 32 supply supply NN 34823 634 33 and and CC 34823 634 34 demand demand NN 34823 634 35 , , , 34823 634 36 are be VBP 34823 634 37 in in IN 34823 634 38 no no DT 34823 634 39 way way NN 34823 634 40 logically logically RB 34823 634 41 dependent dependent JJ 34823 634 42 upon upon IN 34823 634 43 each each DT 34823 634 44 other other JJ 34823 634 45 . . . 34823 635 1 This this DT 34823 635 2 lack lack NN 34823 635 3 of of IN 34823 635 4 connection connection NN 34823 635 5 between between IN 34823 635 6 two two CD 34823 635 7 bodies body NNS 34823 635 8 of of IN 34823 635 9 doctrine doctrine NN 34823 635 10 which which WDT 34823 635 11 should should MD 34823 635 12 be be VB 34823 635 13 in in IN 34823 635 14 a a DT 34823 635 15 most most RBS 34823 635 16 intimate intimate JJ 34823 635 17 and and CC 34823 635 18 essential essential JJ 34823 635 19 way way NN 34823 635 20 related relate VBN 34823 635 21 to to IN 34823 635 22 each each DT 34823 635 23 other other JJ 34823 635 24 , , , 34823 635 25 may may MD 34823 635 26 well well RB 34823 635 27 throw throw VB 34823 635 28 suspicion suspicion NN 34823 635 29 on on IN 34823 635 30 the the DT 34823 635 31 current current JJ 34823 635 32 treatments treatment NNS 34823 635 33 of of IN 34823 635 34 both both DT 34823 635 35 topics topic NNS 34823 635 36 . . . 34823 636 1 In in IN 34823 636 2 any any DT 34823 636 3 case case NN 34823 636 4 the the DT 34823 636 5 lack lack NN 34823 636 6 of of IN 34823 636 7 connection connection NN 34823 636 8 raises raise VBZ 34823 636 9 a a DT 34823 636 10 problem problem NN 34823 636 11 , , , 34823 636 12 and and CC 34823 636 13 calls call VBZ 34823 636 14 for for IN 34823 636 15 explanation explanation NN 34823 636 16 . . . 34823 637 1 Part part NN 34823 637 2 of of IN 34823 637 3 the the DT 34823 637 4 explanation explanation NN 34823 637 5 may may MD 34823 637 6 be be VB 34823 637 7 sought seek VBN 34823 637 8 in in IN 34823 637 9 the the DT 34823 637 10 fact fact NN 34823 637 11 that that IN 34823 637 12 the the DT 34823 637 13 writers writer NNS 34823 637 14 who who WP 34823 637 15 have have VBP 34823 637 16 developed develop VBN 34823 637 17 the the DT 34823 637 18 general general JJ 34823 637 19 theory theory NN 34823 637 20 of of IN 34823 637 21 value value NN 34823 637 22 have have VBP 34823 637 23 not not RB 34823 637 24 been be VBN 34823 637 25 , , , 34823 637 26 in in IN 34823 637 27 general general JJ 34823 637 28 , , , 34823 637 29 the the DT 34823 637 30 writers writer NNS 34823 637 31 who who WP 34823 637 32 have have VBP 34823 637 33 most most RBS 34823 637 34 elaborated elaborate VBN 34823 637 35 the the DT 34823 637 36 theory theory NN 34823 637 37 of of IN 34823 637 38 the the DT 34823 637 39 value value NN 34823 637 40 of of IN 34823 637 41 money money NN 34823 637 42 . . . 34823 638 1 The the DT 34823 638 2 theory theory NN 34823 638 3 of of IN 34823 638 4 money money NN 34823 638 5 has have VBZ 34823 638 6 been be VBN 34823 638 7 for for IN 34823 638 8 a a DT 34823 638 9 long long JJ 34823 638 10 time time NN 34823 638 11 a a DT 34823 638 12 more more RBR 34823 638 13 or or CC 34823 638 14 less less RBR 34823 638 15 isolated isolated JJ 34823 638 16 discipline discipline NN 34823 638 17 . . . 34823 639 1 In in IN 34823 639 2 Ricardo Ricardo NNP 34823 639 3 , , , 34823 639 4 we -PRON- PRP 34823 639 5 have have VBP 34823 639 6 an an DT 34823 639 7 elaboration elaboration NN 34823 639 8 of of IN 34823 639 9 the the DT 34823 639 10 labor labor NN 34823 639 11 theory theory NN 34823 639 12 of of IN 34823 639 13 value value NN 34823 639 14 , , , 34823 639 15 and and CC 34823 639 16 we -PRON- PRP 34823 639 17 also also RB 34823 639 18 have have VBP 34823 639 19 the the DT 34823 639 20 quantity quantity NN 34823 639 21 theory theory NN 34823 639 22 of of IN 34823 639 23 money money NN 34823 639 24 . . . 34823 640 1 But but CC 34823 640 2 it -PRON- PRP 34823 640 3 is be VBZ 34823 640 4 not not RB 34823 640 5 clear clear JJ 34823 640 6 that that IN 34823 640 7 Ricardo Ricardo NNP 34823 640 8 added add VBD 34823 640 9 anything anything NN 34823 640 10 to to IN 34823 640 11 the the DT 34823 640 12 quantity quantity NN 34823 640 13 theory theory NN 34823 640 14 . . . 34823 641 1 He -PRON- PRP 34823 641 2 found find VBD 34823 641 3 it -PRON- PRP 34823 641 4 , , , 34823 641 5 in in IN 34823 641 6 much much RB 34823 641 7 the the DT 34823 641 8 form form NN 34823 641 9 in in IN 34823 641 10 which which WDT 34823 641 11 he -PRON- PRP 34823 641 12 used use VBD 34823 641 13 it -PRON- PRP 34823 641 14 , , , 34823 641 15 in in IN 34823 641 16 the the DT 34823 641 17 writings writing NNS 34823 641 18 of of IN 34823 641 19 predecessors predecessor NNS 34823 641 20 , , , 34823 641 21 among among IN 34823 641 22 them -PRON- PRP 34823 641 23 Locke Locke NNP 34823 641 24 and and CC 34823 641 25 Hume Hume NNP 34823 641 26 . . . 34823 642 1 Ricardo Ricardo NNP 34823 642 2 makes make VBZ 34823 642 3 large large JJ 34823 642 4 use use NN 34823 642 5 of of IN 34823 642 6 the the DT 34823 642 7 quantity quantity NN 34823 642 8 theory theory NN 34823 642 9 as as IN 34823 642 10 a a DT 34823 642 11 premise premise NN 34823 642 12 , , , 34823 642 13 but but CC 34823 642 14 apparently apparently RB 34823 642 15 feels feel VBZ 34823 642 16 the the DT 34823 642 17 theory theory NN 34823 642 18 to to TO 34823 642 19 be be VB 34823 642 20 so so RB 34823 642 21 self self NN 34823 642 22 - - HYPH 34823 642 23 evident evident JJ 34823 642 24 that that IN 34823 642 25 it -PRON- PRP 34823 642 26 needs need VBZ 34823 642 27 little little JJ 34823 642 28 exposition exposition NN 34823 642 29 or or CC 34823 642 30 defence defence NN 34823 642 31 at at IN 34823 642 32 his -PRON- PRP$ 34823 642 33 hands hand NNS 34823 642 34 . . . 34823 643 1 John John NNP 34823 643 2 Stuart Stuart NNP 34823 643 3 Mill Mill NNP 34823 643 4 is be VBZ 34823 643 5 a a DT 34823 643 6 clear clear JJ 34823 643 7 exception exception NN 34823 643 8 to to IN 34823 643 9 the the DT 34823 643 10 general general JJ 34823 643 11 statement statement NN 34823 643 12 . . . 34823 644 1 Cairnes cairne NNS 34823 644 2 , , , 34823 644 3 likewise likewise RB 34823 644 4 , , , 34823 644 5 did do VBD 34823 644 6 treat treat VB 34823 644 7 both both DT 34823 644 8 topics topic NNS 34823 644 9 in in IN 34823 644 10 considerable considerable JJ 34823 644 11 detail detail NN 34823 644 12 , , , 34823 644 13 but but CC 34823 644 14 while while IN 34823 644 15 his -PRON- PRP$ 34823 644 16 interest interest NN 34823 644 17 in in IN 34823 644 18 the the DT 34823 644 19 general general JJ 34823 644 20 theory theory NN 34823 644 21 of of IN 34823 644 22 value value NN 34823 644 23 was be VBD 34823 644 24 that that DT 34823 644 25 of of IN 34823 644 26 the the DT 34823 644 27 theorist theorist NN 34823 644 28 , , , 34823 644 29 his -PRON- PRP$ 34823 644 30 treatment treatment NN 34823 644 31 of of IN 34823 644 32 money money NN 34823 644 33 was be VBD 34823 644 34 primarily primarily RB 34823 644 35 in in IN 34823 644 36 the the DT 34823 644 37 spirit spirit NN 34823 644 38 of of IN 34823 644 39 the the DT 34823 644 40 publicist publicist NN 34823 644 41 , , , 34823 644 42 and and CC 34823 644 43 his -PRON- PRP$ 34823 644 44 interest interest NN 34823 644 45 was be VBD 34823 644 46 less less JJR 34823 644 47 in in IN 34823 644 48 the the DT 34823 644 49 justification justification NN 34823 644 50 of of IN 34823 644 51 the the DT 34823 644 52 theory theory NN 34823 644 53 -- -- : 34823 644 54 which which WDT 34823 644 55 he -PRON- PRP 34823 644 56 again again RB 34823 644 57 seems seem VBZ 34823 644 58 to to TO 34823 644 59 feel feel VB 34823 644 60 needs need VBZ 34823 644 61 little little JJ 34823 644 62 defence defence NN 34823 644 63 -- -- : 34823 644 64 as as IN 34823 644 65 in in IN 34823 644 66 its -PRON- PRP$ 34823 644 67 application application NN 34823 644 68 . . . 34823 645 1 A a DT 34823 645 2 similar similar JJ 34823 645 3 statement statement NN 34823 645 4 may may MD 34823 645 5 be be VB 34823 645 6 made make VBN 34823 645 7 with with IN 34823 645 8 reference reference NN 34823 645 9 to to IN 34823 645 10 Jevons Jevons NNP 34823 645 11 . . . 34823 646 1 He -PRON- PRP 34823 646 2 worked work VBD 34823 646 3 out out RP 34823 646 4 his -PRON- PRP$ 34823 646 5 general general JJ 34823 646 6 theory theory NN 34823 646 7 of of IN 34823 646 8 value value NN 34823 646 9 for for IN 34823 646 10 its -PRON- PRP$ 34823 646 11 own own JJ 34823 646 12 sake sake NN 34823 646 13 ; ; : 34823 646 14 his -PRON- PRP$ 34823 646 15 utterances utterance NNS 34823 646 16 on on IN 34823 646 17 the the DT 34823 646 18 theory theory NN 34823 646 19 of of IN 34823 646 20 the the DT 34823 646 21 value value NN 34823 646 22 of of IN 34823 646 23 money money NN 34823 646 24 must must MD 34823 646 25 be be VB 34823 646 26 sought seek VBN 34823 646 27 scattered scatter VBN 34823 646 28 through through IN 34823 646 29 his -PRON- PRP$ 34823 646 30 practical practical JJ 34823 646 31 writings writing NNS 34823 646 32 on on IN 34823 646 33 money money NN 34823 646 34 . . . 34823 647 1 Alfred Alfred NNP 34823 647 2 Marshall Marshall NNP 34823 647 3 's 's POS 34823 647 4 _ _ NNP 34823 647 5 Principles Principles NNPS 34823 647 6 _ _ NNP 34823 647 7 ( ( -LRB- 34823 647 8 Vol Vol NNP 34823 647 9 . . . 34823 648 1 I i NN 34823 648 2 ) ) -RRB- 34823 648 3 says say VBZ 34823 648 4 almost almost RB 34823 648 5 nothing nothing NN 34823 648 6 about about IN 34823 648 7 the the DT 34823 648 8 theory theory NN 34823 648 9 of of IN 34823 648 10 money money NN 34823 648 11 ; ; : 34823 648 12 his -PRON- PRP$ 34823 648 13 opinions opinion NNS 34823 648 14 on on IN 34823 648 15 that that DT 34823 648 16 subject subject NN 34823 648 17 are be VBP 34823 648 18 to to TO 34823 648 19 be be VB 34823 648 20 found find VBN 34823 648 21 in in IN 34823 648 22 some some DT 34823 648 23 _ _ NNP 34823 648 24 ex ex NNP 34823 648 25 cathedra cathedra NNP 34823 648 26 _ _ NNP 34823 648 27 replies reply VBZ 34823 648 28 to to IN 34823 648 29 questions question NNS 34823 648 30 from from IN 34823 648 31 a a DT 34823 648 32 Parliamentary Parliamentary NNP 34823 648 33 Commission Commission NNP 34823 648 34 . . . 34823 649 1 The the DT 34823 649 2 most most RBS 34823 649 3 important important JJ 34823 649 4 discussions discussion NNS 34823 649 5 in in IN 34823 649 6 England England NNP 34823 649 7 of of IN 34823 649 8 the the DT 34823 649 9 value value NN 34823 649 10 of of IN 34823 649 11 money money NN 34823 649 12 are be VBP 34823 649 13 to to TO 34823 649 14 be be VB 34823 649 15 found find VBN 34823 649 16 in in IN 34823 649 17 the the DT 34823 649 18 long long JJ 34823 649 19 polemic polemic NN 34823 649 20 between between IN 34823 649 21 the the DT 34823 649 22 Currency Currency NNP 34823 649 23 and and CC 34823 649 24 the the DT 34823 649 25 Banking Banking NNP 34823 649 26 Schools Schools NNPS 34823 649 27 , , , 34823 649 28 by by IN 34823 649 29 writers writer NNS 34823 649 30 who who WP 34823 649 31 would would MD 34823 649 32 not not RB 34823 649 33 be be VB 34823 649 34 listed list VBN 34823 649 35 among among IN 34823 649 36 the the DT 34823 649 37 makers maker NNS 34823 649 38 of of IN 34823 649 39 the the DT 34823 649 40 general general JJ 34823 649 41 theory theory NN 34823 649 42 of of IN 34823 649 43 value value NN 34823 649 44 . . . 34823 650 1 In in IN 34823 650 2 the the DT 34823 650 3 United United NNP 34823 650 4 States States NNP 34823 650 5 to to IN 34823 650 6 - - HYPH 34823 650 7 day day NN 34823 650 8 , , , 34823 650 9 with with IN 34823 650 10 the the DT 34823 650 11 exceptions exception NNS 34823 650 12 of of IN 34823 650 13 Professors Professors NNPS 34823 650 14 Fisher Fisher NNP 34823 650 15 and and CC 34823 650 16 Taussig Taussig NNP 34823 650 17 , , , 34823 650 18 the the DT 34823 650 19 writers writer NNS 34823 650 20 who who WP 34823 650 21 have have VBP 34823 650 22 been be VBN 34823 650 23 interested interested JJ 34823 650 24 in in IN 34823 650 25 the the DT 34823 650 26 general general JJ 34823 650 27 field field NN 34823 650 28 of of IN 34823 650 29 economic economic JJ 34823 650 30 theory theory NN 34823 650 31 have have VBP 34823 650 32 done do VBN 34823 650 33 comparatively comparatively RB 34823 650 34 little little JJ 34823 650 35 with with IN 34823 650 36 the the DT 34823 650 37 value value NN 34823 650 38 of of IN 34823 650 39 money money NN 34823 650 40 ( ( -LRB- 34823 650 41 _ _ NNP 34823 650 42 e e NNP 34823 650 43 . . . 34823 651 1 g. g. NNP 34823 651 2 _ _ NNP 34823 651 3 , , , 34823 651 4 Professors Professors NNP 34823 651 5 Clark Clark NNP 34823 651 6 and and CC 34823 651 7 Fetter Fetter NNP 34823 651 8 ) ) -RRB- 34823 651 9 , , , 34823 651 10 and and CC 34823 651 11 the the DT 34823 651 12 writers writer NNS 34823 651 13 who who WP 34823 651 14 have have VBP 34823 651 15 been be VBN 34823 651 16 most most RBS 34823 651 17 interested interested JJ 34823 651 18 in in IN 34823 651 19 the the DT 34823 651 20 value value NN 34823 651 21 of of IN 34823 651 22 money money NN 34823 651 23 have have VBP 34823 651 24 usually usually RB 34823 651 25 not not RB 34823 651 26 written write VBN 34823 651 27 largely largely RB 34823 651 28 on on IN 34823 651 29 the the DT 34823 651 30 general general JJ 34823 651 31 theory theory NN 34823 651 32 of of IN 34823 651 33 value value NN 34823 651 34 ( ( -LRB- 34823 651 35 _ _ NNP 34823 651 36 e e NNP 34823 651 37 . . . 34823 652 1 g. g. NNP 34823 652 2 _ _ NNP 34823 652 3 , , , 34823 652 4 Professors Professors NNPS 34823 652 5 Laughlin Laughlin NNP 34823 652 6 , , , 34823 652 7 Scott Scott NNP 34823 652 8 , , , 34823 652 9 Kinley Kinley NNP 34823 652 10 ) ) -RRB- 34823 652 11 . . . 34823 653 1 Professor Professor NNP 34823 653 2 Kemmerer Kemmerer NNP 34823 653 3 might may MD 34823 653 4 well well RB 34823 653 5 be be VB 34823 653 6 included include VBN 34823 653 7 as as IN 34823 653 8 an an DT 34823 653 9 illustration illustration NN 34823 653 10 of of IN 34823 653 11 this this DT 34823 653 12 last last JJ 34823 653 13 statement statement NN 34823 653 14 . . . 34823 654 1 His -PRON- PRP$ 34823 654 2 primary primary JJ 34823 654 3 interest interest NN 34823 654 4 is be VBZ 34823 654 5 in in IN 34823 654 6 money money NN 34823 654 7 , , , 34823 654 8 rather rather RB 34823 654 9 than than IN 34823 654 10 general general JJ 34823 654 11 theory theory NN 34823 654 12 , , , 34823 654 13 even even RB 34823 654 14 though though IN 34823 654 15 he -PRON- PRP 34823 654 16 does do VBZ 34823 654 17 precede precede VB 34823 654 18 his -PRON- PRP$ 34823 654 19 theory theory NN 34823 654 20 of of IN 34823 654 21 the the DT 34823 654 22 value value NN 34823 654 23 of of IN 34823 654 24 money money NN 34823 654 25 with with IN 34823 654 26 an an DT 34823 654 27 exposition exposition NN 34823 654 28 of of IN 34823 654 29 the the DT 34823 654 30 utility utility NN 34823 654 31 theory theory NN 34823 654 32 of of IN 34823 654 33 value value NN 34823 654 34 . . . 34823 655 1 In in IN 34823 655 2 German German NNP 34823 655 3 , , , 34823 655 4 a a DT 34823 655 5 similar similar JJ 34823 655 6 situation situation NN 34823 655 7 obtains obtain NNS 34823 655 8 . . . 34823 656 1 Böhm Böhm NNP 34823 656 2 - - HYPH 34823 656 3 Bawerk Bawerk NNP 34823 656 4 has have VBZ 34823 656 5 touched touch VBN 34823 656 6 the the DT 34823 656 7 theory theory NN 34823 656 8 of of IN 34823 656 9 money money NN 34823 656 10 scarcely scarcely RB 34823 656 11 at at RB 34823 656 12 all all RB 34823 656 13 . . . 34823 657 1 Menger Menger NNP 34823 657 2 has have VBZ 34823 657 3 written write VBN 34823 657 4 an an DT 34823 657 5 important important JJ 34823 657 6 article article NN 34823 657 7 on on IN 34823 657 8 " " `` 34823 657 9 Geld Geld NNP 34823 657 10 " " '' 34823 657 11 in in IN 34823 657 12 the the DT 34823 657 13 _ _ NNP 34823 657 14 Handwörterbuch Handwörterbuch NNP 34823 657 15 der der NN 34823 657 16 Staatswissenschaften Staatswissenschaften NNP 34823 657 17 _ _ NNP 34823 657 18 , , , 34823 657 19 but but CC 34823 657 20 the the DT 34823 657 21 important important JJ 34823 657 22 thing thing NN 34823 657 23 about about IN 34823 657 24 this this DT 34823 657 25 article article NN 34823 657 26 is be VBZ 34823 657 27 the the DT 34823 657 28 theory theory NN 34823 657 29 of of IN 34823 657 30 the the DT 34823 657 31 origin origin NN 34823 657 32 of of IN 34823 657 33 money money NN 34823 657 34 , , , 34823 657 35 and and CC 34823 657 36 the the DT 34823 657 37 reader reader NN 34823 657 38 will will MD 34823 657 39 find find VB 34823 657 40 little little JJ 34823 657 41 on on IN 34823 657 42 the the DT 34823 657 43 problem problem NN 34823 657 44 of of IN 34823 657 45 the the DT 34823 657 46 value value NN 34823 657 47 of of IN 34823 657 48 money money NN 34823 657 49 . . . 34823 658 1 Wieser Wieser NNP 34823 658 2 has have VBZ 34823 658 3 recently recently RB 34823 658 4 taken take VBN 34823 658 5 up up RP 34823 658 6 the the DT 34823 658 7 value value NN 34823 658 8 of of IN 34823 658 9 money money NN 34823 658 10 ( ( -LRB- 34823 658 11 in in IN 34823 658 12 articles article NNS 34823 658 13 published publish VBN 34823 658 14 in in IN 34823 658 15 1904 1904 CD 34823 658 16 and and CC 34823 658 17 1909 1909 CD 34823 658 18 ) ) -RRB- 34823 658 19 , , , 34823 658 20 but but CC 34823 658 21 no no DT 34823 658 22 trace trace NN 34823 658 23 of of IN 34823 658 24 his -PRON- PRP$ 34823 658 25 views view NNS 34823 658 26 has have VBZ 34823 658 27 as as RB 34823 658 28 yet yet RB 34823 658 29 manifested manifest VBN 34823 658 30 itself -PRON- PRP 34823 658 31 in in IN 34823 658 32 the the DT 34823 658 33 English english JJ 34823 658 34 literature literature NN 34823 658 35 on on IN 34823 658 36 money money NN 34823 658 37 , , , 34823 658 38 and and CC 34823 658 39 the the DT 34823 658 40 writer writer NN 34823 658 41 may may MD 34823 658 42 here here RB 34823 658 43 express express VB 34823 658 44 the the DT 34823 658 45 opinion opinion NN 34823 658 46 that that IN 34823 658 47 Wieser Wieser NNP 34823 658 48 's 's POS 34823 658 49 contributions contribution NNS 34823 658 50 to to IN 34823 658 51 the the DT 34823 658 52 theory theory NN 34823 658 53 of of IN 34823 658 54 money money NN 34823 658 55 are be VBP 34823 658 56 not not RB 34823 658 57 likely likely JJ 34823 658 58 to to TO 34823 658 59 be be VB 34823 658 60 very very RB 34823 658 61 influential influential JJ 34823 658 62 , , , 34823 658 63 or or CC 34823 658 64 to to TO 34823 658 65 add add VB 34823 658 66 to to IN 34823 658 67 his -PRON- PRP$ 34823 658 68 reputation reputation NN 34823 658 69 . . . 34823 659 1 [ [ -LRB- 34823 659 2 42 42 CD 34823 659 3 ] ] -RRB- 34823 659 4 Austrian austrian JJ 34823 659 5 writers writer NNS 34823 659 6 on on IN 34823 659 7 the the DT 34823 659 8 value value NN 34823 659 9 of of IN 34823 659 10 money money NN 34823 659 11 , , , 34823 659 12 as as IN 34823 659 13 Wieser Wieser NNP 34823 659 14 and and CC 34823 659 15 von von NNP 34823 659 16 Mises Mises NNP 34823 659 17 , , , 34823 659 18 have have VBP 34823 659 19 recognized recognize VBN 34823 659 20 more more RBR 34823 659 21 clearly clearly RB 34823 659 22 than than IN 34823 659 23 anyone anyone NN 34823 659 24 in in IN 34823 659 25 America America NNP 34823 659 26 or or CC 34823 659 27 England England NNP 34823 659 28 , , , 34823 659 29 the the DT 34823 659 30 essential essential JJ 34823 659 31 dependence dependence NN 34823 659 32 of of IN 34823 659 33 the the DT 34823 659 34 theory theory NN 34823 659 35 of of IN 34823 659 36 the the DT 34823 659 37 value value NN 34823 659 38 of of IN 34823 659 39 money money NN 34823 659 40 on on IN 34823 659 41 the the DT 34823 659 42 general general JJ 34823 659 43 theory theory NN 34823 659 44 of of IN 34823 659 45 value value NN 34823 659 46 . . . 34823 660 1 The the DT 34823 660 2 German german JJ 34823 660 3 writer writer NN 34823 660 4 on on IN 34823 660 5 money money NN 34823 660 6 who who WP 34823 660 7 has have VBZ 34823 660 8 attracted attract VBN 34823 660 9 most most JJS 34823 660 10 attention attention NN 34823 660 11 recently recently RB 34823 660 12 , , , 34823 660 13 however however RB 34823 660 14 , , , 34823 660 15 G. G. NNP 34823 660 16 F. F. NNP 34823 660 17 Knapp Knapp NNP 34823 660 18 , , , 34823 660 19 troubles trouble VBZ 34823 660 20 himself -PRON- PRP 34823 660 21 about about IN 34823 660 22 the the DT 34823 660 23 general general JJ 34823 660 24 theory theory NN 34823 660 25 of of IN 34823 660 26 value value NN 34823 660 27 not not RB 34823 660 28 at at RB 34823 660 29 all all RB 34823 660 30 . . . 34823 661 1 But but CC 34823 661 2 the the DT 34823 661 3 main main JJ 34823 661 4 explanation explanation NN 34823 661 5 of of IN 34823 661 6 the the DT 34823 661 7 hiatus hiatus NN 34823 661 8 between between IN 34823 661 9 the the DT 34823 661 10 two two CD 34823 661 11 bodies body NNS 34823 661 12 of of IN 34823 661 13 literature literature NN 34823 661 14 and and CC 34823 661 15 doctrine doctrine NN 34823 661 16 is be VBZ 34823 661 17 to to TO 34823 661 18 be be VB 34823 661 19 sought seek VBN 34823 661 20 in in IN 34823 661 21 something something NN 34823 661 22 more more RBR 34823 661 23 fundamental fundamental JJ 34823 661 24 . . . 34823 662 1 Neither neither DT 34823 662 2 utility utility NN 34823 662 3 nor nor CC 34823 662 4 costs cost NNS 34823 662 5 nor nor CC 34823 662 6 supply supply NN 34823 662 7 and and CC 34823 662 8 demand demand NN 34823 662 9 furnishes furnish VBZ 34823 662 10 an an DT 34823 662 11 adequate adequate JJ 34823 662 12 basis basis NN 34823 662 13 from from IN 34823 662 14 which which WDT 34823 662 15 the the DT 34823 662 16 quantity quantity NN 34823 662 17 theory theory NN 34823 662 18 , , , 34823 662 19 or or CC 34823 662 20 any any DT 34823 662 21 other other JJ 34823 662 22 theory theory NN 34823 662 23 of of IN 34823 662 24 the the DT 34823 662 25 value value NN 34823 662 26 of of IN 34823 662 27 money money NN 34823 662 28 can can MD 34823 662 29 be be VB 34823 662 30 deduced deduce VBN 34823 662 31 . . . 34823 663 1 The the DT 34823 663 2 cost cost NN 34823 663 3 theory theory NN 34823 663 4 , , , 34823 663 5 and and CC 34823 663 6 the the DT 34823 663 7 supply supply NN 34823 663 8 and and CC 34823 663 9 demand demand NN 34823 663 10 theory theory NN 34823 663 11 , , , 34823 663 12 in in IN 34823 663 13 their -PRON- PRP$ 34823 663 14 present present JJ 34823 663 15 - - HYPH 34823 663 16 day day NN 34823 663 17 formulation formulation NN 34823 663 18 , , , 34823 663 19 are be VBP 34823 663 20 really really RB 34823 663 21 not not RB 34823 663 22 theories theory NNS 34823 663 23 of of IN 34823 663 24 value value NN 34823 663 25 at at RB 34823 663 26 all all RB 34823 663 27 , , , 34823 663 28 but but CC 34823 663 29 are be VBP 34823 663 30 theories theory NNS 34823 663 31 of of IN 34823 663 32 _ _ NNP 34823 663 33 prices price NNS 34823 663 34 _ _ NNP 34823 663 35 , , , 34823 663 36 theories theory NNS 34823 663 37 which which WDT 34823 663 38 presuppose presuppose VBP 34823 663 39 _ _ NNP 34823 663 40 value value NN 34823 663 41 _ _ NNP 34823 663 42 , , , 34823 663 43 and and CC 34823 663 44 _ _ NNP 34823 663 45 money money NN 34823 663 46 _ _ NNP 34823 663 47 , , , 34823 663 48 and and CC 34823 663 49 a a DT 34823 663 50 _ _ NNP 34823 663 51 fixed fix VBN 34823 663 52 value value NN 34823 663 53 of of IN 34823 663 54 money money NN 34823 663 55 _ _ NNP 34823 663 56 . . . 34823 664 1 And and CC 34823 664 2 the the DT 34823 664 3 utility utility NN 34823 664 4 theory theory NN 34823 664 5 , , , 34823 664 6 as as IN 34823 664 7 usually usually RB 34823 664 8 presented present VBN 34823 664 9 , , , 34823 664 10 is be VBZ 34823 664 11 either either CC 34823 664 12 a a DT 34823 664 13 theory theory NN 34823 664 14 of of IN 34823 664 15 barter barter NN 34823 664 16 relations relation NNS 34823 664 17 , , , 34823 664 18 or or CC 34823 664 19 else else RB 34823 664 20 ( ( -LRB- 34823 664 21 more more RBR 34823 664 22 commonly commonly RB 34823 664 23 ) ) -RRB- 34823 664 24 speedily speedily RB 34823 664 25 settles settle VBZ 34823 664 26 down down RP 34823 664 27 into into IN 34823 664 28 the the DT 34823 664 29 grooves groove NNS 34823 664 30 of of IN 34823 664 31 supply supply NN 34823 664 32 and and CC 34823 664 33 demand demand NN 34823 664 34 , , , 34823 664 35 leaping leaping NN 34823 664 36 by by IN 34823 664 37 means mean NNS 34823 664 38 of of IN 34823 664 39 a a DT 34823 664 40 confusion confusion NN 34823 664 41 of of IN 34823 664 42 utility utility NN 34823 664 43 curves curve NNS 34823 664 44 and and CC 34823 664 45 demand demand NN 34823 664 46 - - HYPH 34823 664 47 curves curve NNS 34823 664 48 ( ( -LRB- 34823 664 49 or or CC 34823 664 50 sometimes sometimes RB 34823 664 51 by by IN 34823 664 52 a a DT 34823 664 53 deliberate deliberate JJ 34823 664 54 identification identification NN 34823 664 55 of of IN 34823 664 56 them -PRON- PRP 34823 664 57 , , , 34823 664 58 _ _ NNP 34823 664 59 e. e. NNP 34823 665 1 g. g. NNP 34823 665 2 _ _ NNP 34823 665 3 , , , 34823 665 4 Flux Flux NNP 34823 665 5 and and CC 34823 665 6 Taussig[43 Taussig[43 NNP 34823 665 7 ] ] -RRB- 34823 665 8 ) ) -RRB- 34823 665 9 to to IN 34823 665 10 the the DT 34823 665 11 treatment treatment NN 34823 665 12 of of IN 34823 665 13 market market NN 34823 665 14 prices price NNS 34823 665 15 . . . 34823 666 1 I -PRON- PRP 34823 666 2 shall shall MD 34823 666 3 take take VB 34823 666 4 up up RP 34823 666 5 these these DT 34823 666 6 points point NNS 34823 666 7 in in IN 34823 666 8 order order NN 34823 666 9 . . . 34823 667 1 A a DT 34823 667 2 historical historical JJ 34823 667 3 summary summary NN 34823 667 4 of of IN 34823 667 5 the the DT 34823 667 6 development development NN 34823 667 7 of of IN 34823 667 8 the the DT 34823 667 9 notions notion NNS 34823 667 10 of of IN 34823 667 11 supply supply NN 34823 667 12 and and CC 34823 667 13 demand demand NN 34823 667 14 will will MD 34823 667 15 aid aid VB 34823 667 16 the the DT 34823 667 17 exposition exposition NN 34823 667 18 . . . 34823 668 1 It -PRON- PRP 34823 668 2 may may MD 34823 668 3 be be VB 34823 668 4 noticed notice VBN 34823 668 5 , , , 34823 668 6 first first RB 34823 668 7 of of IN 34823 668 8 all all DT 34823 668 9 , , , 34823 668 10 that that DT 34823 668 11 supply supply NN 34823 668 12 and and CC 34823 668 13 demand demand NN 34823 668 14 is be VBZ 34823 668 15 really really RB 34823 668 16 a a DT 34823 668 17 very very RB 34823 668 18 superficial superficial JJ 34823 668 19 formula formula NN 34823 668 20 even even RB 34823 668 21 though though IN 34823 668 22 an an DT 34823 668 23 exceedingly exceedingly RB 34823 668 24 useful useful JJ 34823 668 25 one one CD 34823 668 26 . . . 34823 669 1 By by IN 34823 669 2 virtue virtue NN 34823 669 3 of of IN 34823 669 4 its -PRON- PRP$ 34823 669 5 superficial superficial JJ 34823 669 6 character character NN 34823 669 7 , , , 34823 669 8 it -PRON- PRP 34823 669 9 antagonizes antagonize VBZ 34823 669 10 few few JJ 34823 669 11 other other JJ 34823 669 12 theories theory NNS 34823 669 13 , , , 34823 669 14 and and CC 34823 669 15 it -PRON- PRP 34823 669 16 has have VBZ 34823 669 17 been be VBN 34823 669 18 the the DT 34823 669 19 common common JJ 34823 669 20 property property NN 34823 669 21 of of IN 34823 669 22 almost almost RB 34823 669 23 all all DT 34823 669 24 schools school NNS 34823 669 25 of of IN 34823 669 26 value value NN 34823 669 27 theory theory NN 34823 669 28 . . . 34823 670 1 Cost cost NN 34823 670 2 theories theory NNS 34823 670 3 and and CC 34823 670 4 utility utility NN 34823 670 5 theories theory NNS 34823 670 6 , , , 34823 670 7 labor labor NN 34823 670 8 theories theory NNS 34823 670 9 , , , 34823 670 10 or or CC 34823 670 11 social social JJ 34823 670 12 value value NN 34823 670 13 theories theory NNS 34823 670 14 , , , 34823 670 15 all all DT 34823 670 16 find find VB 34823 670 17 use use NN 34823 670 18 for for IN 34823 670 19 it -PRON- PRP 34823 670 20 , , , 34823 670 21 in in IN 34823 670 22 one one CD 34823 670 23 form form NN 34823 670 24 or or CC 34823 670 25 another another DT 34823 670 26 . . . 34823 671 1 It -PRON- PRP 34823 671 2 is be VBZ 34823 671 3 really really RB 34823 671 4 quite quite RB 34823 671 5 neutral neutral JJ 34823 671 6 and and CC 34823 671 7 colorless colorless JJ 34823 671 8 , , , 34823 671 9 so so RB 34823 671 10 far far RB 34823 671 11 as as IN 34823 671 12 the the DT 34823 671 13 ultimate ultimate JJ 34823 671 14 questions question NNS 34823 671 15 of of IN 34823 671 16 value value NN 34823 671 17 - - HYPH 34823 671 18 causation causation NN 34823 671 19 are be VBP 34823 671 20 concerned concern VBN 34823 671 21 . . . 34823 672 1 The the DT 34823 672 2 more more RBR 34823 672 3 fundamental fundamental JJ 34823 672 4 causal causal NN 34823 672 5 factors factor NNS 34823 672 6 offered offer VBN 34823 672 7 by by IN 34823 672 8 one one CD 34823 672 9 theory theory NN 34823 672 10 or or CC 34823 672 11 another another DT 34823 672 12 are be VBP 34823 672 13 commonly commonly RB 34823 672 14 supposed suppose VBN 34823 672 15 to to TO 34823 672 16 operate operate VB 34823 672 17 _ _ NNP 34823 672 18 through through IN 34823 672 19 _ _ NNP 34823 672 20 supply supply NN 34823 672 21 or or CC 34823 672 22 demand demand NN 34823 672 23 , , , 34823 672 24 in in IN 34823 672 25 price price NN 34823 672 26 - - HYPH 34823 672 27 determination determination NN 34823 672 28 . . . 34823 673 1 Adam Adam NNP 34823 673 2 Smith Smith NNP 34823 673 3 seems seem VBZ 34823 673 4 to to TO 34823 673 5 see see VB 34823 673 6 this this DT 34823 673 7 more more RBR 34823 673 8 clearly clearly RB 34823 673 9 than than IN 34823 673 10 does do VBZ 34823 673 11 Ricardo Ricardo NNP 34823 673 12 . . . 34823 674 1 Ricardo Ricardo NNP 34823 674 2 , , , 34823 674 3 indeed indeed RB 34823 674 4 , , , 34823 674 5 sometimes sometimes RB 34823 674 6 thought think VBN 34823 674 7 of of IN 34823 674 8 demand demand NN 34823 674 9 and and CC 34823 674 10 supply supply NN 34823 674 11 as as IN 34823 674 12 forces force NNS 34823 674 13 antithetical antithetical JJ 34823 674 14 to to IN 34823 674 15 the the DT 34823 674 16 forces force NNS 34823 674 17 of of IN 34823 674 18 labor labor NN 34823 674 19 - - HYPH 34823 674 20 costs cost NNS 34823 674 21 which which WDT 34823 674 22 he -PRON- PRP 34823 674 23 was be VBD 34823 674 24 considering consider VBG 34823 674 25 . . . 34823 675 1 In in IN 34823 675 2 ch ch NN 34823 675 3 . . . 34823 676 1 xxx xxx NNP 34823 676 2 of of IN 34823 676 3 his -PRON- PRP$ 34823 676 4 _ _ NNP 34823 676 5 Principles Principles NNPS 34823 676 6 of of IN 34823 676 7 Political Political NNP 34823 676 8 Economy Economy NNP 34823 676 9 and and CC 34823 676 10 Taxation Taxation NNP 34823 676 11 _ _ NNP 34823 676 12 ( ( -LRB- 34823 676 13 ed ed NNP 34823 676 14 . . . 34823 677 1 McCulloch McCulloch NNP 34823 677 2 , , , 34823 677 3 pp pp NNP 34823 677 4 . . . 34823 678 1 232ff 232ff NN 34823 678 2 . . . 34823 678 3 ) ) -RRB- 34823 679 1 he -PRON- PRP 34823 679 2 holds hold VBZ 34823 679 3 that that IN 34823 679 4 his -PRON- PRP$ 34823 679 5 natural natural JJ 34823 679 6 value value NN 34823 679 7 ultimately ultimately RB 34823 679 8 rules rule VBZ 34823 679 9 , , , 34823 679 10 except except IN 34823 679 11 ( ( -LRB- 34823 679 12 p. p. NN 34823 679 13 234 234 CD 34823 679 14 ) ) -RRB- 34823 679 15 in in IN 34823 679 16 the the DT 34823 679 17 case case NN 34823 679 18 of of IN 34823 679 19 monopolized monopolized JJ 34823 679 20 articles article NNS 34823 679 21 . . . 34823 680 1 Supply supply NN 34823 680 2 and and CC 34823 680 3 demand demand VB 34823 680 4 govern govern VBP 34823 680 5 the the DT 34823 680 6 prices price NNS 34823 680 7 of of IN 34823 680 8 monopolized monopolized JJ 34823 680 9 articles article NNS 34823 680 10 and and CC 34823 680 11 of of IN 34823 680 12 all all DT 34823 680 13 articles article NNS 34823 680 14 in in IN 34823 680 15 the the DT 34823 680 16 short short JJ 34823 680 17 run run NN 34823 680 18 . . . 34823 681 1 I -PRON- PRP 34823 681 2 do do VBP 34823 681 3 not not RB 34823 681 4 find find VB 34823 681 5 in in IN 34823 681 6 Ricardo Ricardo NNP 34823 681 7 any any DT 34823 681 8 clear clear JJ 34823 681 9 statement statement NN 34823 681 10 to to IN 34823 681 11 the the DT 34823 681 12 effect effect NN 34823 681 13 that that WDT 34823 681 14 cost cost NN 34823 681 15 of of IN 34823 681 16 production production NN 34823 681 17 operates operate VBZ 34823 681 18 _ _ NNP 34823 681 19 through through IN 34823 681 20 _ _ NNP 34823 681 21 influence influence NN 34823 681 22 on on IN 34823 681 23 supply supply NN 34823 681 24 . . . 34823 682 1 Neither neither CC 34823 682 2 Adam Adam NNP 34823 682 3 Smith Smith NNP 34823 682 4 nor nor CC 34823 682 5 Ricardo Ricardo NNP 34823 682 6 felt feel VBD 34823 682 7 the the DT 34823 682 8 need need NN 34823 682 9 of of IN 34823 682 10 very very RB 34823 682 11 much much JJ 34823 682 12 precision precision NN 34823 682 13 in in IN 34823 682 14 the the DT 34823 682 15 definition definition NN 34823 682 16 of of IN 34823 682 17 supply supply NN 34823 682 18 and and CC 34823 682 19 demand demand NN 34823 682 20 . . . 34823 683 1 Smith Smith NNP 34823 683 2 does do VBZ 34823 683 3 , , , 34823 683 4 indeed indeed RB 34823 683 5 , , , 34823 683 6 distinguish distinguish JJ 34823 683 7 " " `` 34823 683 8 effectual effectual JJ 34823 683 9 " " '' 34823 683 10 from from IN 34823 683 11 " " `` 34823 683 12 absolute absolute JJ 34823 683 13 " " '' 34823 683 14 demand demand NN 34823 683 15 , , , 34823 683 16 in in IN 34823 683 17 a a DT 34823 683 18 well well RB 34823 683 19 - - HYPH 34823 683 20 known know VBN 34823 683 21 passage passage NN 34823 683 22 ( ( -LRB- 34823 683 23 ed ed NN 34823 683 24 . . . 34823 684 1 Cannan Cannan NNP 34823 684 2 , , , 34823 684 3 I -PRON- PRP 34823 684 4 , , , 34823 684 5 p. p. NN 34823 684 6 58 58 CD 34823 684 7 ) ) -RRB- 34823 684 8 , , , 34823 684 9 defining define VBG 34823 684 10 effectual effectual JJ 34823 684 11 demand demand NN 34823 684 12 as as IN 34823 684 13 the the DT 34823 684 14 demand demand NN 34823 684 15 of of IN 34823 684 16 the the DT 34823 684 17 effectual effectual JJ 34823 684 18 demanders demander NNS 34823 684 19 , , , 34823 684 20 _ _ NNP 34823 684 21 i. i. NNP 34823 685 1 e. e. NNP 34823 685 2 _ _ NNP 34823 685 3 , , , 34823 685 4 these these DT 34823 685 5 who who WP 34823 685 6 are be VBP 34823 685 7 willing willing JJ 34823 685 8 to to TO 34823 685 9 pay pay VB 34823 685 10 the the DT 34823 685 11 " " `` 34823 685 12 natural natural JJ 34823 685 13 price price NN 34823 685 14 " " '' 34823 685 15 of of IN 34823 685 16 the the DT 34823 685 17 commodity commodity NN 34823 685 18 . . . 34823 686 1 The the DT 34823 686 2 term term NN 34823 686 3 " " `` 34823 686 4 supply supply NN 34823 686 5 " " '' 34823 686 6 he -PRON- PRP 34823 686 7 does do VBZ 34823 686 8 not not RB 34823 686 9 use use VB 34823 686 10 in in IN 34823 686 11 this this DT 34823 686 12 passage passage NN 34823 686 13 , , , 34823 686 14 but but CC 34823 686 15 speaks speak VBZ 34823 686 16 of of IN 34823 686 17 the the DT 34823 686 18 " " `` 34823 686 19 quantity quantity NN 34823 686 20 which which WDT 34823 686 21 is be VBZ 34823 686 22 actually actually RB 34823 686 23 brought bring VBN 34823 686 24 to to IN 34823 686 25 market market NN 34823 686 26 , , , 34823 686 27 " " '' 34823 686 28 and and CC 34823 686 29 gives give VBZ 34823 686 30 as as IN 34823 686 31 the the DT 34823 686 32 law law NN 34823 686 33 of of IN 34823 686 34 market market NN 34823 686 35 price price NN 34823 686 36 that that WDT 34823 686 37 it -PRON- PRP 34823 686 38 is be VBZ 34823 686 39 determined determine VBN 34823 686 40 by by IN 34823 686 41 the the DT 34823 686 42 " " `` 34823 686 43 proportion proportion NN 34823 686 44 " " '' 34823 686 45 between between IN 34823 686 46 this this DT 34823 686 47 quantity quantity NN 34823 686 48 and and CC 34823 686 49 the the DT 34823 686 50 effectual effectual JJ 34823 686 51 demand demand NN 34823 686 52 . . . 34823 687 1 That that DT 34823 687 2 much much JJ 34823 687 3 is be VBZ 34823 687 4 wanting want VBG 34823 687 5 in in IN 34823 687 6 this this DT 34823 687 7 analysis analysis NN 34823 687 8 will will MD 34823 687 9 be be VB 34823 687 10 sufficiently sufficiently RB 34823 687 11 clear clear JJ 34823 687 12 when when WRB 34823 687 13 the the DT 34823 687 14 views view NNS 34823 687 15 of of IN 34823 687 16 J. J. NNP 34823 687 17 S. S. NNP 34823 687 18 Mill Mill NNP 34823 687 19 and and CC 34823 687 20 Cairnes Cairnes NNPS 34823 687 21 are be VBP 34823 687 22 considered consider VBN 34823 687 23 . . . 34823 688 1 Ricardo Ricardo NNP 34823 688 2 offers offer VBZ 34823 688 3 even even RB 34823 688 4 less less JJR 34823 688 5 than than IN 34823 688 6 Smith Smith NNP 34823 688 7 in in IN 34823 688 8 the the DT 34823 688 9 way way NN 34823 688 10 of of IN 34823 688 11 definition definition NN 34823 688 12 . . . 34823 689 1 The the DT 34823 689 2 reader reader NN 34823 689 3 may may MD 34823 689 4 compare compare VB 34823 689 5 the the DT 34823 689 6 pages page NNS 34823 689 7 in in IN 34823 689 8 _ _ NNP 34823 689 9 Ricardo Ricardo NNP 34823 689 10 's 's POS 34823 689 11 Works Works NNPS 34823 689 12 _ _ NNP 34823 689 13 cited cite VBD 34823 689 14 above above RB 34823 689 15 , , , 34823 689 16 and and CC 34823 689 17 the the DT 34823 689 18 discussion discussion NN 34823 689 19 of of IN 34823 689 20 the the DT 34823 689 21 demand demand NN 34823 689 22 for for IN 34823 689 23 labor labor NN 34823 689 24 on on IN 34823 689 25 p. p. NN 34823 689 26 241 241 CD 34823 689 27 in in IN 34823 689 28 the the DT 34823 689 29 same same JJ 34823 689 30 volume volume NN 34823 689 31 . . . 34823 690 1 In in IN 34823 690 2 J.S. J.S. NNP 34823 691 1 Mill Mill NNP 34823 691 2 , , , 34823 691 3 a a DT 34823 691 4 clean clean JJ 34823 691 5 - - HYPH 34823 691 6 cut cut VBN 34823 691 7 notion notion NN 34823 691 8 first first RB 34823 691 9 appears appear VBZ 34823 691 10 . . . 34823 692 1 The the DT 34823 692 2 doctrine doctrine NN 34823 692 3 that that DT 34823 692 4 price price NN 34823 692 5 is be VBZ 34823 692 6 determined determine VBN 34823 692 7 by by IN 34823 692 8 a a DT 34823 692 9 ratio ratio NN 34823 692 10 between between IN 34823 692 11 effectual effectual JJ 34823 692 12 demand demand NN 34823 692 13 ( ( -LRB- 34823 692 14 _ _ NNP 34823 692 15 i i PRP 34823 692 16 . . . 34823 693 1 e. e. NNP 34823 693 2 _ _ NNP 34823 693 3 , , , 34823 693 4 the the DT 34823 693 5 wish wish NN 34823 693 6 to to TO 34823 693 7 possess possess VB 34823 693 8 combined combine VBN 34823 693 9 with with IN 34823 693 10 the the DT 34823 693 11 power power NN 34823 693 12 to to TO 34823 693 13 purchase purchase VB 34823 693 14 ) ) -RRB- 34823 693 15 and and CC 34823 693 16 supply supply NN 34823 693 17 ( ( -LRB- 34823 693 18 _ _ NNP 34823 693 19 i i PRP 34823 693 20 . . . 34823 694 1 e. e. NNP 34823 694 2 _ _ NNP 34823 694 3 , , , 34823 694 4 the the DT 34823 694 5 quantity quantity NN 34823 694 6 available available JJ 34823 694 7 in in IN 34823 694 8 the the DT 34823 694 9 market market NN 34823 694 10 ) ) -RRB- 34823 694 11 , , , 34823 694 12 is be VBZ 34823 694 13 sharply sharply RB 34823 694 14 criticised criticise VBN 34823 694 15 . . . 34823 695 1 How how WRB 34823 695 2 have have VBP 34823 695 3 a a DT 34823 695 4 ratio ratio NN 34823 695 5 between between IN 34823 695 6 two two CD 34823 695 7 things thing NNS 34823 695 8 not not RB 34823 695 9 of of IN 34823 695 10 the the DT 34823 695 11 same same JJ 34823 695 12 denomination denomination NN 34823 695 13 ? ? . 34823 696 1 " " `` 34823 696 2 What what WDT 34823 696 3 ratio ratio NN 34823 696 4 can can MD 34823 696 5 there there EX 34823 696 6 be be VB 34823 696 7 between between IN 34823 696 8 a a DT 34823 696 9 quantity quantity NN 34823 696 10 and and CC 34823 696 11 a a DT 34823 696 12 desire desire NN 34823 696 13 , , , 34823 696 14 or or CC 34823 696 15 even even RB 34823 696 16 a a DT 34823 696 17 desire desire NN 34823 696 18 combined combine VBN 34823 696 19 with with IN 34823 696 20 a a DT 34823 696 21 power power NN 34823 696 22 ? ? . 34823 696 23 " " '' 34823 697 1 To to TO 34823 697 2 make make VB 34823 697 3 supply supply NN 34823 697 4 and and CC 34823 697 5 demand demand NN 34823 697 6 comparable comparable JJ 34823 697 7 , , , 34823 697 8 demand demand NN 34823 697 9 must must MD 34823 697 10 be be VB 34823 697 11 defined define VBN 34823 697 12 as as IN 34823 697 13 " " `` 34823 697 14 quantity quantity NN 34823 697 15 demanded demand VBD 34823 697 16 , , , 34823 697 17 " " '' 34823 697 18 and and CC 34823 697 19 then then RB 34823 697 20 the the DT 34823 697 21 difficulty difficulty NN 34823 697 22 arises arise VBZ 34823 697 23 that that IN 34823 697 24 the the DT 34823 697 25 quantity quantity NN 34823 697 26 demanded demand VBD 34823 697 27 will will MD 34823 697 28 vary vary VB 34823 697 29 with with IN 34823 697 30 the the DT 34823 697 31 price price NN 34823 697 32 , , , 34823 697 33 which which WDT 34823 697 34 seems seem VBZ 34823 697 35 to to TO 34823 697 36 present present VB 34823 697 37 a a DT 34823 697 38 case case NN 34823 697 39 of of IN 34823 697 40 circular circular JJ 34823 697 41 reasoning reasoning NN 34823 697 42 if if IN 34823 697 43 demand demand NN 34823 697 44 is be VBZ 34823 697 45 to to TO 34823 697 46 be be VB 34823 697 47 a a DT 34823 697 48 determinant determinant NN 34823 697 49 of of IN 34823 697 50 price price NN 34823 697 51 . . . 34823 698 1 The the DT 34823 698 2 solution solution NN 34823 698 3 which which WDT 34823 698 4 Mill Mill NNP 34823 698 5 develops develop VBZ 34823 698 6 for for IN 34823 698 7 this this DT 34823 698 8 difficulty difficulty NN 34823 698 9 really really RB 34823 698 10 gives give VBZ 34823 698 11 us -PRON- PRP 34823 698 12 our -PRON- PRP$ 34823 698 13 modern modern JJ 34823 698 14 conception conception NN 34823 698 15 , , , 34823 698 16 virtually virtually RB 34823 698 17 complete complete JJ 34823 698 18 except except IN 34823 698 19 that that IN 34823 698 20 Mill Mill NNP 34823 698 21 does do VBZ 34823 698 22 not not RB 34823 698 23 present present VB 34823 698 24 it -PRON- PRP 34823 698 25 in in IN 34823 698 26 the the DT 34823 698 27 useful useful JJ 34823 698 28 diagrammatic diagrammatic JJ 34823 698 29 form form NN 34823 698 30 and and CC 34823 698 31 does do VBZ 34823 698 32 not not RB 34823 698 33 whisper whisper VB 34823 698 34 the the DT 34823 698 35 magic magic JJ 34823 698 36 word word NN 34823 698 37 , , , 34823 698 38 " " '' 34823 698 39 margin margin NN 34823 698 40 . . . 34823 698 41 " " '' 34823 699 1 There there EX 34823 699 2 is be VBZ 34823 699 3 a a DT 34823 699 4 demand demand NN 34823 699 5 - - HYPH 34823 699 6 schedule schedule NN 34823 699 7 , , , 34823 699 8 which which WDT 34823 699 9 , , , 34823 699 10 plotted plot VBD 34823 699 11 , , , 34823 699 12 would would MD 34823 699 13 give give VB 34823 699 14 a a DT 34823 699 15 demand demand NN 34823 699 16 - - HYPH 34823 699 17 curve curve NN 34823 699 18 . . . 34823 700 1 At at IN 34823 700 2 such such JJ 34823 700 3 and and CC 34823 700 4 such such JJ 34823 700 5 prices price NNS 34823 700 6 , , , 34823 700 7 such such JJ 34823 700 8 and and CC 34823 700 9 such such JJ 34823 700 10 quantities quantity NNS 34823 700 11 are be VBP 34823 700 12 demanded demand VBN 34823 700 13 , , , 34823 700 14 or or CC 34823 700 15 will will MD 34823 700 16 be be VB 34823 700 17 purchased purchase VBN 34823 700 18 . . . 34823 701 1 There there EX 34823 701 2 is be VBZ 34823 701 3 a a DT 34823 701 4 supply supply NN 34823 701 5 schedule schedule NN 34823 701 6 , , , 34823 701 7 presenting present VBG 34823 701 8 a a DT 34823 701 9 supply supply NN 34823 701 10 situation situation NN 34823 701 11 of of IN 34823 701 12 similar similar JJ 34823 701 13 character character NN 34823 701 14 ( ( -LRB- 34823 701 15 though though IN 34823 701 16 not not RB 34823 701 17 so so RB 34823 701 18 clearly clearly RB 34823 701 19 indicated indicate VBN 34823 701 20 ) ) -RRB- 34823 701 21 . . . 34823 702 1 The the DT 34823 702 2 price price NN 34823 702 3 reached reach VBD 34823 702 4 is be VBZ 34823 702 5 that that DT 34823 702 6 price price NN 34823 702 7 which which WDT 34823 702 8 _ _ NNP 34823 702 9 equalizes equalize VBZ 34823 702 10 _ _ NNP 34823 702 11 amount amount NN 34823 702 12 demanded demand VBN 34823 702 13 and and CC 34823 702 14 amount amount NN 34823 702 15 supplied supply VBN 34823 702 16 . . . 34823 703 1 A a DT 34823 703 2 higher high JJR 34823 703 3 price price NN 34823 703 4 will will MD 34823 703 5 lead lead VB 34823 703 6 to to IN 34823 703 7 competition competition NN 34823 703 8 among among IN 34823 703 9 sellers seller NNS 34823 703 10 , , , 34823 703 11 forcing force VBG 34823 703 12 down down RP 34823 703 13 the the DT 34823 703 14 price price NN 34823 703 15 , , , 34823 703 16 a a DT 34823 703 17 lower low JJR 34823 703 18 price price NN 34823 703 19 will will MD 34823 703 20 lead lead VB 34823 703 21 to to IN 34823 703 22 competition competition NN 34823 703 23 among among IN 34823 703 24 buyers buyer NNS 34823 703 25 , , , 34823 703 26 forcing force VBG 34823 703 27 up up RP 34823 703 28 the the DT 34823 703 29 price price NN 34823 703 30 . . . 34823 704 1 The the DT 34823 704 2 notion notion NN 34823 704 3 of of IN 34823 704 4 a a DT 34823 704 5 _ _ NNP 34823 704 6 ratio ratio NN 34823 704 7 _ _ NNP 34823 704 8 between between IN 34823 704 9 supply supply NN 34823 704 10 and and CC 34823 704 11 demand demand NN 34823 704 12 is be VBZ 34823 704 13 replaced replace VBN 34823 704 14 by by IN 34823 704 15 the the DT 34823 704 16 notion notion NN 34823 704 17 of of IN 34823 704 18 an an DT 34823 704 19 _ _ NNP 34823 704 20 equation equation NN 34823 704 21 _ _ XX 34823 704 22 between between IN 34823 704 23 them -PRON- PRP 34823 704 24 . . . 34823 705 1 The the DT 34823 705 2 present present JJ 34823 705 3 writer writer NN 34823 705 4 wishes wish VBZ 34823 705 5 to to TO 34823 705 6 remark remark VB 34823 705 7 , , , 34823 705 8 in in IN 34823 705 9 this this DT 34823 705 10 connection connection NN 34823 705 11 , , , 34823 705 12 that that IN 34823 705 13 Böhm Böhm NNP 34823 705 14 - - HYPH 34823 705 15 Bawerk Bawerk NNP 34823 705 16 's 's POS 34823 705 17 elaborate elaborate JJ 34823 705 18 analysis analysis NN 34823 705 19 , , , 34823 705 20 with with IN 34823 705 21 his -PRON- PRP$ 34823 705 22 " " `` 34823 705 23 marginal marginal JJ 34823 705 24 pairs pair NNS 34823 705 25 , , , 34823 705 26 " " '' 34823 705 27 etc etc FW 34823 705 28 . . . 34823 705 29 , , , 34823 705 30 has have VBZ 34823 705 31 not not RB 34823 705 32 advanced advance VBN 34823 705 33 one one CD 34823 705 34 step step NN 34823 705 35 beyond beyond IN 34823 705 36 this this DT 34823 705 37 conception conception NN 34823 705 38 of of IN 34823 705 39 Mill Mill NNP 34823 705 40 's 's POS 34823 705 41 , , , 34823 705 42 that that IN 34823 705 43 it -PRON- PRP 34823 705 44 is be VBZ 34823 705 45 really really RB 34823 705 46 less less RBR 34823 705 47 satisfactory satisfactory JJ 34823 705 48 than than IN 34823 705 49 Mill Mill NNP 34823 705 50 's 's POS 34823 705 51 analysis analysis NN 34823 705 52 , , , 34823 705 53 because because IN 34823 705 54 of of IN 34823 705 55 the the DT 34823 705 56 impedimenta impedimenta NNP 34823 705 57 of of IN 34823 705 58 pseudo pseudo NNP 34823 705 59 - - NN 34823 705 60 psychology psychology NN 34823 705 61 it -PRON- PRP 34823 705 62 has have VBZ 34823 705 63 to to TO 34823 705 64 carry carry VB 34823 705 65 , , , 34823 705 66 and and CC 34823 705 67 because because IN 34823 705 68 of of IN 34823 705 69 its -PRON- PRP$ 34823 705 70 confusion confusion NN 34823 705 71 of of IN 34823 705 72 utility utility NN 34823 705 73 schedules schedule NNS 34823 705 74 with with IN 34823 705 75 demand demand NN 34823 705 76 schedules schedule NNS 34823 705 77 . . . 34823 706 1 [ [ -LRB- 34823 706 2 44 44 CD 34823 706 3 ] ] -RRB- 34823 706 4 In in IN 34823 706 5 our -PRON- PRP$ 34823 706 6 present present JJ 34823 706 7 - - HYPH 34823 706 8 day day NN 34823 706 9 expositions exposition NNS 34823 706 10 , , , 34823 706 11 as as IN 34823 706 12 presented present VBN 34823 706 13 in in IN 34823 706 14 the the DT 34823 706 15 diagrams diagram NNS 34823 706 16 , , , 34823 706 17 we -PRON- PRP 34823 706 18 are be VBP 34823 706 19 accustomed accustomed JJ 34823 706 20 to to TO 34823 706 21 say say VB 34823 706 22 that that DT 34823 706 23 price price NN 34823 706 24 is be VBZ 34823 706 25 fixed fix VBN 34823 706 26 when when WRB 34823 706 27 marginal marginal JJ 34823 706 28 supply supply NN 34823 706 29 - - HYPH 34823 706 30 price price NN 34823 706 31 and and CC 34823 706 32 marginal marginal JJ 34823 706 33 demand demand NN 34823 706 34 - - HYPH 34823 706 35 price price NN 34823 706 36 are be VBP 34823 706 37 equal equal JJ 34823 706 38 , , , 34823 706 39 putting put VBG 34823 706 40 the the DT 34823 706 41 stress stress NN 34823 706 42 on on IN 34823 706 43 the the DT 34823 706 44 ordinate ordinate NN 34823 706 45 , , , 34823 706 46 rather rather RB 34823 706 47 than than IN 34823 706 48 on on IN 34823 706 49 the the DT 34823 706 50 abscissa abscissa NN 34823 706 51 , , , 34823 706 52 on on IN 34823 706 53 the the DT 34823 706 54 identity identity NN 34823 706 55 of of IN 34823 706 56 the the DT 34823 706 57 dollars dollar NNS 34823 706 58 paid pay VBN 34823 706 59 or or CC 34823 706 60 received receive VBN 34823 706 61 , , , 34823 706 62 rather rather RB 34823 706 63 than than IN 34823 706 64 on on IN 34823 706 65 the the DT 34823 706 66 identity identity NN 34823 706 67 of of IN 34823 706 68 the the DT 34823 706 69 goods good NNS 34823 706 70 given give VBN 34823 706 71 or or CC 34823 706 72 received receive VBN 34823 706 73 . . . 34823 707 1 But but CC 34823 707 2 this this DT 34823 707 3 is be VBZ 34823 707 4 merely merely RB 34823 707 5 another another DT 34823 707 6 way way NN 34823 707 7 of of IN 34823 707 8 stating state VBG 34823 707 9 the the DT 34823 707 10 same same JJ 34823 707 11 equilibrium equilibrium NN 34823 707 12 which which WDT 34823 707 13 Mill Mill NNP 34823 707 14 perceived perceive VBD 34823 707 15 -- -- : 34823 707 16 when when WRB 34823 707 17 marginal marginal JJ 34823 707 18 demand demand NN 34823 707 19 and and CC 34823 707 20 supply supply NN 34823 707 21 prices price NNS 34823 707 22 are be VBP 34823 707 23 equal equal JJ 34823 707 24 , , , 34823 707 25 amount amount NN 34823 707 26 supplied supply VBN 34823 707 27 and and CC 34823 707 28 amount amount NN 34823 707 29 demanded demand VBN 34823 707 30 will will MD 34823 707 31 be be VB 34823 707 32 equal equal JJ 34823 707 33 , , , 34823 707 34 and and CC 34823 707 35 conversely conversely RB 34823 707 36 . . . 34823 708 1 One one CD 34823 708 2 point point NN 34823 708 3 is be VBZ 34823 708 4 to to TO 34823 708 5 be be VB 34823 708 6 added add VBN 34823 708 7 , , , 34823 708 8 making make VBG 34823 708 9 explicit explicit JJ 34823 708 10 what what WP 34823 708 11 is be VBZ 34823 708 12 implicit implicit JJ 34823 708 13 in in IN 34823 708 14 the the DT 34823 708 15 modern modern JJ 34823 708 16 theory theory NN 34823 708 17 of of IN 34823 708 18 supply supply NN 34823 708 19 and and CC 34823 708 20 demand demand NN 34823 708 21 . . . 34823 709 1 Supply supply NN 34823 709 2 and and CC 34823 709 3 demand demand NN 34823 709 4 doctrine doctrine NN 34823 709 5 assumes assume VBZ 34823 709 6 _ _ NNP 34823 709 7 money money NN 34823 709 8 _ _ NNP 34823 709 9 , , , 34823 709 10 and and CC 34823 709 11 a a DT 34823 709 12 _ _ NNP 34823 709 13 fixed fix VBN 34823 709 14 value value NN 34823 709 15 _ _ NNP 34823 709 16 of of IN 34823 709 17 money money NN 34823 709 18 . . . 34823 710 1 That that IN 34823 710 2 there there EX 34823 710 3 should should MD 34823 710 4 be be VB 34823 710 5 a a DT 34823 710 6 given give VBN 34823 710 7 schedule schedule NN 34823 710 8 of of IN 34823 710 9 money money NN 34823 710 10 - - HYPH 34823 710 11 prices price NNS 34823 710 12 for for IN 34823 710 13 varying vary VBG 34823 710 14 quantities quantity NNS 34823 710 15 of of IN 34823 710 16 a a DT 34823 710 17 good good JJ 34823 710 18 , , , 34823 710 19 is be VBZ 34823 710 20 possible possible JJ 34823 710 21 only only RB 34823 710 22 if if IN 34823 710 23 there there EX 34823 710 24 be be VB 34823 710 25 a a DT 34823 710 26 given give VBN 34823 710 27 value value NN 34823 710 28 of of IN 34823 710 29 the the DT 34823 710 30 money money NN 34823 710 31 - - HYPH 34823 710 32 unit unit NN 34823 710 33 . . . 34823 711 1 That that IN 34823 711 2 the the DT 34823 711 3 modern modern JJ 34823 711 4 doctrine doctrine NN 34823 711 5 of of IN 34823 711 6 supply supply NN 34823 711 7 and and CC 34823 711 8 demand demand NN 34823 711 9 necessarily necessarily RB 34823 711 10 involves involve VBZ 34823 711 11 the the DT 34823 711 12 assumptions assumption NNS 34823 711 13 of of IN 34823 711 14 value value NN 34823 711 15 , , , 34823 711 16 of of IN 34823 711 17 money money NN 34823 711 18 , , , 34823 711 19 and and CC 34823 711 20 of of IN 34823 711 21 a a DT 34823 711 22 fixed fix VBN 34823 711 23 value value NN 34823 711 24 of of IN 34823 711 25 money money NN 34823 711 26 , , , 34823 711 27 may may MD 34823 711 28 be be VB 34823 711 29 proved prove VBN 34823 711 30 by by IN 34823 711 31 the the DT 34823 711 32 following follow VBG 34823 711 33 considerations consideration NNS 34823 711 34 : : : 34823 711 35 Supply supply NN 34823 711 36 - - HYPH 34823 711 37 situation situation NN 34823 711 38 , , , 34823 711 39 represented represent VBN 34823 711 40 by by IN 34823 711 41 the the DT 34823 711 42 supply supply NN 34823 711 43 - - HYPH 34823 711 44 curve curve NN 34823 711 45 , , , 34823 711 46 and and CC 34823 711 47 demand demand NN 34823 711 48 - - HYPH 34823 711 49 situation situation NN 34823 711 50 , , , 34823 711 51 represented represent VBN 34823 711 52 by by IN 34823 711 53 the the DT 34823 711 54 demand demand NN 34823 711 55 - - HYPH 34823 711 56 curve curve NN 34823 711 57 , , , 34823 711 58 are be VBP 34823 711 59 conceived conceive VBN 34823 711 60 of of IN 34823 711 61 as as RB 34823 711 62 antithetical antithetical JJ 34823 711 63 and and CC 34823 711 64 independent independent JJ 34823 711 65 causal causal JJ 34823 711 66 forces force NNS 34823 711 67 , , , 34823 711 68 whose whose WP$ 34823 711 69 equilibrium equilibrium NN 34823 711 70 determines determine VBZ 34823 711 71 both both CC 34823 711 72 " " `` 34823 711 73 supply supply NN 34823 711 74 and and CC 34823 711 75 demand demand NN 34823 711 76 " " '' 34823 711 77 ( ( -LRB- 34823 711 78 in in IN 34823 711 79 the the DT 34823 711 80 sense sense NN 34823 711 81 of of IN 34823 711 82 quantities quantity NNS 34823 711 83 supplied supply VBN 34823 711 84 and and CC 34823 711 85 demanded demand VBD 34823 711 86 ) ) -RRB- 34823 711 87 and and CC 34823 711 88 price price NN 34823 711 89 . . . 34823 712 1 Mill Mill NNP 34823 712 2 's 's POS 34823 712 3 doctrine doctrine NN 34823 712 4 that that DT 34823 712 5 supply supply NN 34823 712 6 and and CC 34823 712 7 demand demand NN 34823 712 8 determine determine NN 34823 712 9 price price NN 34823 712 10 gets get VBZ 34823 712 11 out out IN 34823 712 12 of of IN 34823 712 13 the the DT 34823 712 14 circle circle NN 34823 712 15 that that IN 34823 712 16 demand demand NN 34823 712 17 ( ( -LRB- 34823 712 18 amount amount NN 34823 712 19 demanded demand VBN 34823 712 20 ) ) -RRB- 34823 712 21 is be VBZ 34823 712 22 itself -PRON- PRP 34823 712 23 dependent dependent JJ 34823 712 24 on on IN 34823 712 25 price price NN 34823 712 26 , , , 34823 712 27 only only RB 34823 712 28 by by IN 34823 712 29 making make VBG 34823 712 30 both both DT 34823 712 31 demand demand NN 34823 712 32 in in IN 34823 712 33 this this DT 34823 712 34 sense sense NN 34823 712 35 and and CC 34823 712 36 price price NN 34823 712 37 _ _ NNP 34823 712 38 results result NNS 34823 712 39 _ _ NNP 34823 712 40 , , , 34823 712 41 rather rather RB 34823 712 42 than than IN 34823 712 43 causes cause NNS 34823 712 44 , , , 34823 712 45 and and CC 34823 712 46 by by IN 34823 712 47 putting put VBG 34823 712 48 the the DT 34823 712 49 causation causation NN 34823 712 50 back back RB 34823 712 51 into into IN 34823 712 52 the the DT 34823 712 53 more more RBR 34823 712 54 complex complex JJ 34823 712 55 factors factor NNS 34823 712 56 which which WDT 34823 712 57 I -PRON- PRP 34823 712 58 call call VBP 34823 712 59 " " `` 34823 712 60 supply supply NN 34823 712 61 - - HYPH 34823 712 62 situation situation NN 34823 712 63 " " '' 34823 712 64 and and CC 34823 712 65 " " `` 34823 712 66 demand demand NN 34823 712 67 - - HYPH 34823 712 68 situation situation NN 34823 712 69 . . . 34823 712 70 " " '' 34823 713 1 The the DT 34823 713 2 two two CD 34823 713 3 independent independent JJ 34823 713 4 causes cause NNS 34823 713 5 , , , 34823 713 6 then then RB 34823 713 7 , , , 34823 713 8 are be VBP 34823 713 9 summed sum VBN 34823 713 10 up up RP 34823 713 11 in in IN 34823 713 12 the the DT 34823 713 13 supply supply NN 34823 713 14 - - HYPH 34823 713 15 curve curve NN 34823 713 16 and and CC 34823 713 17 the the DT 34823 713 18 demand demand NN 34823 713 19 - - HYPH 34823 713 20 curve curve NN 34823 713 21 . . . 34823 714 1 But but CC 34823 714 2 , , , 34823 714 3 first first RB 34823 714 4 , , , 34823 714 5 these these DT 34823 714 6 curves curve NNS 34823 714 7 are be VBP 34823 714 8 expressed express VBN 34823 714 9 in in IN 34823 714 10 money money NN 34823 714 11 . . . 34823 715 1 And and CC 34823 715 2 second second RB 34823 715 3 , , , 34823 715 4 a a DT 34823 715 5 change change NN 34823 715 6 in in IN 34823 715 7 the the DT 34823 715 8 value value NN 34823 715 9 of of IN 34823 715 10 money money NN 34823 715 11 would would MD 34823 715 12 affect affect VB 34823 715 13 _ _ NNP 34823 715 14 both both CC 34823 715 15 _ _ NNP 34823 715 16 of of IN 34823 715 17 them -PRON- PRP 34823 715 18 proportionately proportionately RB 34823 715 19 . . . 34823 716 1 But but CC 34823 716 2 a a DT 34823 716 3 theory theory NN 34823 716 4 which which WDT 34823 716 5 is be VBZ 34823 716 6 concerned concern VBN 34823 716 7 with with IN 34823 716 8 supply supply NN 34823 716 9 and and CC 34823 716 10 demand demand NN 34823 716 11 as as IN 34823 716 12 independent independent JJ 34823 716 13 and and CC 34823 716 14 antithetical antithetical JJ 34823 716 15 must must MD 34823 716 16 abstract abstract VB 34823 716 17 from from IN 34823 716 18 factors factor NNS 34823 716 19 which which WDT 34823 716 20 give give VBP 34823 716 21 them -PRON- PRP 34823 716 22 a a DT 34823 716 23 _ _ NNP 34823 716 24 common common JJ 34823 716 25 _ _ NNP 34823 716 26 movement movement NN 34823 716 27 , , , 34823 716 28 without without IN 34823 716 29 modifying modify VBG 34823 716 30 their -PRON- PRP$ 34823 716 31 _ _ NNP 34823 716 32 relation relation NN 34823 716 33 _ _ NNP 34823 716 34 to to IN 34823 716 35 each each DT 34823 716 36 other other JJ 34823 716 37 . . . 34823 717 1 A a DT 34823 717 2 change change NN 34823 717 3 in in IN 34823 717 4 the the DT 34823 717 5 value value NN 34823 717 6 of of IN 34823 717 7 money money NN 34823 717 8 would would MD 34823 717 9 lead lead VB 34823 717 10 the the DT 34823 717 11 supply supply NN 34823 717 12 - - HYPH 34823 717 13 curve curve NN 34823 717 14 to to TO 34823 717 15 move move VB 34823 717 16 to to IN 34823 717 17 the the DT 34823 717 18 right right NN 34823 717 19 , , , 34823 717 20 and and CC 34823 717 21 the the DT 34823 717 22 demand demand NN 34823 717 23 - - HYPH 34823 717 24 curve curve NN 34823 717 25 to to TO 34823 717 26 move move VB 34823 717 27 to to IN 34823 717 28 the the DT 34823 717 29 left left NN 34823 717 30 , , , 34823 717 31 the the DT 34823 717 32 change change NN 34823 717 33 in in IN 34823 717 34 each each DT 34823 717 35 being be VBG 34823 717 36 proportionate proportionate NN 34823 717 37 , , , 34823 717 38 and and CC 34823 717 39 the the DT 34823 717 40 amount amount NN 34823 717 41 supplied supply VBN 34823 717 42 , , , 34823 717 43 and and CC 34823 717 44 amount amount NN 34823 717 45 demanded demand VBD 34823 717 46 , , , 34823 717 47 would would MD 34823 717 48 remain remain VB 34823 717 49 unchanged unchanged JJ 34823 717 50 . . . 34823 718 1 Changes change NNS 34823 718 2 in in IN 34823 718 3 the the DT 34823 718 4 value value NN 34823 718 5 of of IN 34823 718 6 money money NN 34823 718 7 must must MD 34823 718 8 , , , 34823 718 9 therefore therefore RB 34823 718 10 , , , 34823 718 11 be be VB 34823 718 12 abstracted abstract VBN 34823 718 13 from from IN 34823 718 14 . . . 34823 719 1 Again again RB 34823 719 2 , , , 34823 719 3 we -PRON- PRP 34823 719 4 must must MD 34823 719 5 precise precise VB 34823 719 6 the the DT 34823 719 7 notion notion NN 34823 719 8 of of IN 34823 719 9 an an DT 34823 719 10 _ _ NNP 34823 719 11 increase increase NN 34823 719 12 _ _ NNP 34823 719 13 in in IN 34823 719 14 demand demand NN 34823 719 15 , , , 34823 719 16 or or CC 34823 719 17 of of IN 34823 719 18 supply supply NN 34823 719 19 . . . 34823 720 1 Increase increase NN 34823 720 2 in in IN 34823 720 3 demand demand NN 34823 720 4 may may MD 34823 720 5 mean mean VB 34823 720 6 mere mere JJ 34823 720 7 increase increase NN 34823 720 8 in in IN 34823 720 9 amount amount NN 34823 720 10 demanded demand VBD 34823 720 11 , , , 34823 720 12 consequent consequent JJ 34823 720 13 upon upon IN 34823 720 14 a a DT 34823 720 15 lower low JJR 34823 720 16 price price NN 34823 720 17 , , , 34823 720 18 consequent consequent NN 34823 720 19 , , , 34823 720 20 _ _ NNP 34823 720 21 i. i. NNP 34823 721 1 e. e. NNP 34823 721 2 _ _ NNP 34823 721 3 , , , 34823 721 4 upon upon IN 34823 721 5 a a DT 34823 721 6 lowering lowering NN 34823 721 7 of of IN 34823 721 8 the the DT 34823 721 9 supply supply NN 34823 721 10 schedule schedule NN 34823 721 11 . . . 34823 722 1 In in IN 34823 722 2 this this DT 34823 722 3 sense sense NN 34823 722 4 , , , 34823 722 5 increase increase NN 34823 722 6 in in IN 34823 722 7 demand demand NN 34823 722 8 is be VBZ 34823 722 9 a a DT 34823 722 10 passive passive JJ 34823 722 11 fact fact NN 34823 722 12 , , , 34823 722 13 a a DT 34823 722 14 result result NN 34823 722 15 rather rather RB 34823 722 16 than than IN 34823 722 17 a a DT 34823 722 18 cause cause NN 34823 722 19 . . . 34823 723 1 On on IN 34823 723 2 the the DT 34823 723 3 other other JJ 34823 723 4 hand hand NN 34823 723 5 , , , 34823 723 6 if if IN 34823 723 7 the the DT 34823 723 8 increase increase NN 34823 723 9 in in IN 34823 723 10 demand demand NN 34823 723 11 is be VBZ 34823 723 12 an an DT 34823 723 13 increase increase NN 34823 723 14 in in IN 34823 723 15 the the DT 34823 723 16 amount amount NN 34823 723 17 demanded demand VBN 34823 723 18 at at IN 34823 723 19 the the DT 34823 723 20 _ _ NNP 34823 723 21 same same JJ 34823 723 22 _ _ NNP 34823 723 23 price price NN 34823 723 24 , , , 34823 723 25 if if IN 34823 723 26 it -PRON- PRP 34823 723 27 means mean VBZ 34823 723 28 a a DT 34823 723 29 change change NN 34823 723 30 in in IN 34823 723 31 the the DT 34823 723 32 demand demand NN 34823 723 33 - - HYPH 34823 723 34 situation situation NN 34823 723 35 , , , 34823 723 36 represented represent VBN 34823 723 37 by by IN 34823 723 38 the the DT 34823 723 39 moving moving NN 34823 723 40 to to IN 34823 723 41 the the DT 34823 723 42 right right NN 34823 723 43 of of IN 34823 723 44 the the DT 34823 723 45 demand demand NN 34823 723 46 - - HYPH 34823 723 47 curve curve NN 34823 723 48 , , , 34823 723 49 we -PRON- PRP 34823 723 50 have have VBP 34823 723 51 a a DT 34823 723 52 causal causal JJ 34823 723 53 factor factor NN 34823 723 54 in in IN 34823 723 55 increase increase NN 34823 723 56 in in IN 34823 723 57 demand demand NN 34823 723 58 , , , 34823 723 59 a a DT 34823 723 60 factor factor NN 34823 723 61 which which WDT 34823 723 62 raises raise VBZ 34823 723 63 the the DT 34823 723 64 price price NN 34823 723 65 and and CC 34823 723 66 compels compel VBZ 34823 723 67 new new JJ 34823 723 68 supply supply NN 34823 723 69 to to TO 34823 723 70 come come VB 34823 723 71 into into IN 34823 723 72 the the DT 34823 723 73 market market NN 34823 723 74 . . . 34823 724 1 We -PRON- PRP 34823 724 2 may may MD 34823 724 3 distinguish distinguish VB 34823 724 4 these these DT 34823 724 5 two two CD 34823 724 6 meanings meaning NNS 34823 724 7 as as IN 34823 724 8 increase increase NN 34823 724 9 in in IN 34823 724 10 demand demand NN 34823 724 11 in in IN 34823 724 12 the the DT 34823 724 13 active active JJ 34823 724 14 and and CC 34823 724 15 in in IN 34823 724 16 the the DT 34823 724 17 passive passive JJ 34823 724 18 senses sense NNS 34823 724 19 . . . 34823 725 1 _ _ NNP 34823 725 2 Mutatis Mutatis NNP 34823 725 3 mutandis mutandis NN 34823 725 4 _ _ NNP 34823 725 5 , , , 34823 725 6 we -PRON- PRP 34823 725 7 may may MD 34823 725 8 speak speak VB 34823 725 9 of of IN 34823 725 10 increase increase NN 34823 725 11 of of IN 34823 725 12 supply supply NN 34823 725 13 in in IN 34823 725 14 the the DT 34823 725 15 active active JJ 34823 725 16 and and CC 34823 725 17 passive passive JJ 34823 725 18 senses sense NNS 34823 725 19 . . . 34823 726 1 These these DT 34823 726 2 distinctions distinction NNS 34823 726 3 have have VBP 34823 726 4 been be VBN 34823 726 5 made make VBN 34823 726 6 before before RB 34823 726 7 , , , 34823 726 8 but but CC 34823 726 9 it -PRON- PRP 34823 726 10 has have VBZ 34823 726 11 not not RB 34823 726 12 been be VBN 34823 726 13 clearly clearly RB 34823 726 14 seen see VBN 34823 726 15 that that IN 34823 726 16 these these DT 34823 726 17 distinctions distinction NNS 34823 726 18 , , , 34823 726 19 and and CC 34823 726 20 the the DT 34823 726 21 connected connect VBN 34823 726 22 doctrines doctrine NNS 34823 726 23 , , , 34823 726 24 involve involve VBP 34823 726 25 the the DT 34823 726 26 assumption assumption NN 34823 726 27 of of IN 34823 726 28 a a DT 34823 726 29 fixed fix VBN 34823 726 30 value value NN 34823 726 31 of of IN 34823 726 32 money money NN 34823 726 33 . . . 34823 727 1 But but CC 34823 727 2 consider consider VB 34823 727 3 : : : 34823 727 4 it -PRON- PRP 34823 727 5 is be VBZ 34823 727 6 the the DT 34823 727 7 current current JJ 34823 727 8 doctrine doctrine NN 34823 727 9 that that WDT 34823 727 10 increase increase VBP 34823 727 11 in in IN 34823 727 12 demand demand NN 34823 727 13 in in IN 34823 727 14 the the DT 34823 727 15 active active JJ 34823 727 16 sense sense NN 34823 727 17 , , , 34823 727 18 the the DT 34823 727 19 demanding demand VBG 34823 727 20 of of IN 34823 727 21 a a DT 34823 727 22 greater great JJR 34823 727 23 amount amount NN 34823 727 24 at at IN 34823 727 25 the the DT 34823 727 26 same same JJ 34823 727 27 price price NN 34823 727 28 , , , 34823 727 29 the the DT 34823 727 30 moving moving NN 34823 727 31 of of IN 34823 727 32 the the DT 34823 727 33 demand demand NN 34823 727 34 - - HYPH 34823 727 35 curve curve NN 34823 727 36 to to IN 34823 727 37 the the DT 34823 727 38 right right NN 34823 727 39 , , , 34823 727 40 not not RB 34823 727 41 only only RB 34823 727 42 raises raise VBZ 34823 727 43 the the DT 34823 727 44 price price NN 34823 727 45 , , , 34823 727 46 but but CC 34823 727 47 also also RB 34823 727 48 tends tend VBZ 34823 727 49 to to TO 34823 727 50 _ _ NNP 34823 727 51 increase increase VB 34823 727 52 the the DT 34823 727 53 supply supply NN 34823 727 54 _ _ NNP 34823 727 55 . . . 34823 728 1 But but CC 34823 728 2 this this DT 34823 728 3 is be VBZ 34823 728 4 true true JJ 34823 728 5 only only RB 34823 728 6 if if IN 34823 728 7 the the DT 34823 728 8 _ _ NNP 34823 728 9 cause cause IN 34823 728 10 _ _ NNP 34823 728 11 of of IN 34823 728 12 the the DT 34823 728 13 increase increase NN 34823 728 14 in in IN 34823 728 15 demand demand NN 34823 728 16 is be VBZ 34823 728 17 not not RB 34823 728 18 a a DT 34823 728 19 cause cause NN 34823 728 20 which which WDT 34823 728 21 simultaneously simultaneously RB 34823 728 22 works work VBZ 34823 728 23 on on IN 34823 728 24 supply supply NN 34823 728 25 , , , 34823 728 26 neutralizing neutralize VBG 34823 728 27 that that DT 34823 728 28 tendency tendency NN 34823 728 29 . . . 34823 729 1 If if IN 34823 729 2 the the DT 34823 729 3 increase increase NN 34823 729 4 in in IN 34823 729 5 amount amount NN 34823 729 6 demanded demand VBD 34823 729 7 at at IN 34823 729 8 a a DT 34823 729 9 given give VBN 34823 729 10 price price NN 34823 729 11 be be VB 34823 729 12 due due JJ 34823 729 13 to to IN 34823 729 14 a a DT 34823 729 15 lowered lower VBN 34823 729 16 value value NN 34823 729 17 of of IN 34823 729 18 money money NN 34823 729 19 , , , 34823 729 20 then then RB 34823 729 21 the the DT 34823 729 22 same same JJ 34823 729 23 lowered lower VBN 34823 729 24 value value NN 34823 729 25 of of IN 34823 729 26 money money NN 34823 729 27 will will MD 34823 729 28 reduce reduce VB 34823 729 29 the the DT 34823 729 30 supply supply NN 34823 729 31 available available JJ 34823 729 32 at at IN 34823 729 33 that that DT 34823 729 34 price price NN 34823 729 35 _ _ NNP 34823 729 36 pro pro JJ 34823 729 37 tanto tanto IN 34823 729 38 _ _ NNP 34823 729 39 , , , 34823 729 40 and and CC 34823 729 41 the the DT 34823 729 42 new new JJ 34823 729 43 equilibrium equilibrium NN 34823 729 44 , , , 34823 729 45 _ _ NNP 34823 729 46 cæteris cæteris NNP 34823 729 47 paribus paribus NNP 34823 729 48 _ _ NNP 34823 729 49 , , , 34823 729 50 will will MD 34823 729 51 be be VB 34823 729 52 at at IN 34823 729 53 a a DT 34823 729 54 higher high JJR 34823 729 55 price price NN 34823 729 56 , , , 34823 729 57 to to TO 34823 729 58 be be VB 34823 729 59 sure sure JJ 34823 729 60 , , , 34823 729 61 but but CC 34823 729 62 with with IN 34823 729 63 the the DT 34823 729 64 same same JJ 34823 729 65 amount amount NN 34823 729 66 supplied supply VBN 34823 729 67 and and CC 34823 729 68 demanded demand VBD 34823 729 69 . . . 34823 730 1 " " `` 34823 730 2 Demand demand NN 34823 730 3 " " '' 34823 730 4 is be VBZ 34823 730 5 a a DT 34823 730 6 term term NN 34823 730 7 which which WDT 34823 730 8 carries carry VBZ 34823 730 9 the the DT 34823 730 10 connotation connotation NN 34823 730 11 of of IN 34823 730 12 motivating motivate VBG 34823 730 13 power power NN 34823 730 14 in in IN 34823 730 15 economic economic JJ 34823 730 16 theory theory NN 34823 730 17 . . . 34823 731 1 Through through IN 34823 731 2 demand demand NN 34823 731 3 run run VBP 34823 731 4 the the DT 34823 731 5 forces force NNS 34823 731 6 which which WDT 34823 731 7 regulate regulate VBP 34823 731 8 production production NN 34823 731 9 and and CC 34823 731 10 supply supply NN 34823 731 11 . . . 34823 732 1 The the DT 34823 732 2 function function NN 34823 732 3 of of IN 34823 732 4 increased increase VBN 34823 732 5 demand demand NN 34823 732 6 is be VBZ 34823 732 7 to to TO 34823 732 8 induce induce VB 34823 732 9 increased increase VBN 34823 732 10 supply supply NN 34823 732 11 . . . 34823 733 1 But but CC 34823 733 2 the the DT 34823 733 3 value value NN 34823 733 4 concept concept NN 34823 733 5 , , , 34823 733 6 and and CC 34823 733 7 the the DT 34823 733 8 assumption assumption NN 34823 733 9 of of IN 34823 733 10 a a DT 34823 733 11 fixed fix VBN 34823 733 12 value value NN 34823 733 13 of of IN 34823 733 14 money money NN 34823 733 15 , , , 34823 733 16 are be VBP 34823 733 17 needed need VBN 34823 733 18 to to TO 34823 733 19 preserve preserve VB 34823 733 20 this this DT 34823 733 21 part part NN 34823 733 22 of of IN 34823 733 23 the the DT 34823 733 24 doctrine doctrine NN 34823 733 25 . . . 34823 734 1 Without without IN 34823 734 2 them -PRON- PRP 34823 734 3 we -PRON- PRP 34823 734 4 have have VBP 34823 734 5 no no DT 34823 734 6 way way NN 34823 734 7 of of IN 34823 734 8 distinguishing distinguish VBG 34823 734 9 a a DT 34823 734 10 _ _ NNP 34823 734 11 real real JJ 34823 734 12 _ _ NNP 34823 734 13 increase increase NN 34823 734 14 in in IN 34823 734 15 demand demand NN 34823 734 16 in in IN 34823 734 17 the the DT 34823 734 18 active active JJ 34823 734 19 sense sense NN 34823 734 20 , , , 34823 734 21 which which WDT 34823 734 22 does do VBZ 34823 734 23 modify modify VB 34823 734 24 the the DT 34823 734 25 adjustments adjustment NNS 34823 734 26 in in IN 34823 734 27 production production NN 34823 734 28 , , , 34823 734 29 and and CC 34823 734 30 alter alter VB 34823 734 31 the the DT 34823 734 32 proportions proportion NNS 34823 734 33 of of IN 34823 734 34 different different JJ 34823 734 35 supplies supply NNS 34823 734 36 , , , 34823 734 37 from from IN 34823 734 38 a a DT 34823 734 39 _ _ NNP 34823 734 40 nominal nominal JJ 34823 734 41 _ _ NNP 34823 734 42 increase increase NN 34823 734 43 in in IN 34823 734 44 demand demand NN 34823 734 45 in in IN 34823 734 46 the the DT 34823 734 47 active active JJ 34823 734 48 sense sense NN 34823 734 49 , , , 34823 734 50 which which WDT 34823 734 51 merely merely RB 34823 734 52 raises raise VBZ 34823 734 53 a a DT 34823 734 54 money money NN 34823 734 55 - - HYPH 34823 734 56 price price NN 34823 734 57 , , , 34823 734 58 without without IN 34823 734 59 affecting affect VBG 34823 734 60 supply supply NN 34823 734 61 . . . 34823 735 1 [ [ -LRB- 34823 735 2 45 45 CD 34823 735 3 ] ] -RRB- 34823 735 4 Another another DT 34823 735 5 approach approach NN 34823 735 6 will will MD 34823 735 7 lead lead VB 34823 735 8 to to IN 34823 735 9 the the DT 34823 735 10 same same JJ 34823 735 11 conclusion conclusion NN 34823 735 12 . . . 34823 736 1 Demand demand NN 34823 736 2 and and CC 34823 736 3 supply supply NN 34823 736 4 - - HYPH 34823 736 5 curves curve NNS 34823 736 6 are be VBP 34823 736 7 not not RB 34823 736 8 to to TO 34823 736 9 be be VB 34823 736 10 understood understand VBN 34823 736 11 merely merely RB 34823 736 12 in in IN 34823 736 13 terms term NNS 34823 736 14 of of IN 34823 736 15 brute brute JJ 34823 736 16 , , , 34823 736 17 physical physical JJ 34823 736 18 quantities quantity NNS 34823 736 19 . . . 34823 737 1 They -PRON- PRP 34823 737 2 are be VBP 34823 737 3 rather rather RB 34823 737 4 curves curve NNS 34823 737 5 expressing express VBG 34823 737 6 economic economic JJ 34823 737 7 _ _ NNP 34823 737 8 significances significances NNP 34823 737 9 _ _ NNP 34823 737 10 , , , 34823 737 11 manifesting manifest VBG 34823 737 12 _ _ NNP 34823 737 13 psychological psychological JJ 34823 737 14 _ _ NNP 34823 737 15 forces force NNS 34823 737 16 which which WDT 34823 737 17 lie lie VBP 34823 737 18 behind behind IN 34823 737 19 them -PRON- PRP 34823 737 20 . . . 34823 738 1 No no DT 34823 738 2 considerations consideration NNS 34823 738 3 of of IN 34823 738 4 mere mere JJ 34823 738 5 physical physical JJ 34823 738 6 quantity quantity NN 34823 738 7 will will MD 34823 738 8 explain explain VB 34823 738 9 why why WRB 34823 738 10 one one CD 34823 738 11 demand demand NN 34823 738 12 - - HYPH 34823 738 13 curve curve NN 34823 738 14 should should MD 34823 738 15 be be VB 34823 738 16 " " `` 34823 738 17 elastic elastic JJ 34823 738 18 " " '' 34823 738 19 and and CC 34823 738 20 another another DT 34823 738 21 inelastic,--each inelastic,--each NNP 34823 738 22 curve curve NN 34823 738 23 has have VBZ 34823 738 24 its -PRON- PRP$ 34823 738 25 own own JJ 34823 738 26 peculiarities peculiarity NNS 34823 738 27 , , , 34823 738 28 which which WDT 34823 738 29 are be VBP 34823 738 30 not not RB 34823 738 31 mechanical mechanical JJ 34823 738 32 in in IN 34823 738 33 their -PRON- PRP$ 34823 738 34 nature nature NN 34823 738 35 . . . 34823 739 1 Demand demand NN 34823 739 2 - - HYPH 34823 739 3 curves curve NNS 34823 739 4 express express VBP 34823 739 5 the the DT 34823 739 6 diminishing diminish VBG 34823 739 7 economic economic JJ 34823 739 8 significance significance NN 34823 739 9 of of IN 34823 739 10 goods good NNS 34823 739 11 as as IN 34823 739 12 their -PRON- PRP$ 34823 739 13 quantity quantity NN 34823 739 14 is be VBZ 34823 739 15 increased increase VBN 34823 739 16 . . . 34823 740 1 How how WRB 34823 740 2 economic economic JJ 34823 740 3 significance significance NN 34823 740 4 is be VBZ 34823 740 5 to to TO 34823 740 6 be be VB 34823 740 7 interpreted interpret VBN 34823 740 8 need nee MD 34823 740 9 not not RB 34823 740 10 be be VB 34823 740 11 argued argue VBN 34823 740 12 here here RB 34823 740 13 . . . 34823 741 1 I -PRON- PRP 34823 741 2 have have VBP 34823 741 3 elsewhere elsewhere RB 34823 741 4 undertaken undertake VBN 34823 741 5 to to TO 34823 741 6 show show VB 34823 741 7 that that IN 34823 741 8 the the DT 34823 741 9 utility utility NN 34823 741 10 theory theory NN 34823 741 11 of of IN 34823 741 12 value value NN 34823 741 13 does do VBZ 34823 741 14 not not RB 34823 741 15 explain explain VB 34823 741 16 the the DT 34823 741 17 economic economic JJ 34823 741 18 significance significance NN 34823 741 19 which which WDT 34823 741 20 demand demand NN 34823 741 21 - - HYPH 34823 741 22 curves curve NNS 34823 741 23 express express NN 34823 741 24 -- -- : 34823 741 25 that that IN 34823 741 26 demand demand NN 34823 741 27 - - HYPH 34823 741 28 curves curve NNS 34823 741 29 are be VBP 34823 741 30 not not RB 34823 741 31 utility utility NN 34823 741 32 curves curve NNS 34823 741 33 . . . 34823 742 1 My -PRON- PRP$ 34823 742 2 own own JJ 34823 742 3 theory theory NN 34823 742 4 is be VBZ 34823 742 5 that that IN 34823 742 6 demand demand NN 34823 742 7 - - HYPH 34823 742 8 curves curve NNS 34823 742 9 are be VBP 34823 742 10 to to TO 34823 742 11 be be VB 34823 742 12 explained explain VBN 34823 742 13 only only RB 34823 742 14 in in IN 34823 742 15 terms term NNS 34823 742 16 of of IN 34823 742 17 a a DT 34823 742 18 social social JJ 34823 742 19 psychology psychology NN 34823 742 20 , , , 34823 742 21 that that IN 34823 742 22 demand demand NN 34823 742 23 - - HYPH 34823 742 24 curves curve NNS 34823 742 25 are be VBP 34823 742 26 social social JJ 34823 742 27 - - HYPH 34823 742 28 value value NN 34823 742 29 curves curve NNS 34823 742 30 . . . 34823 743 1 But but CC 34823 743 2 my -PRON- PRP$ 34823 743 3 argument argument NN 34823 743 4 at at IN 34823 743 5 this this DT 34823 743 6 point point NN 34823 743 7 does do VBZ 34823 743 8 not not RB 34823 743 9 rest rest VB 34823 743 10 on on IN 34823 743 11 the the DT 34823 743 12 particular particular JJ 34823 743 13 type type NN 34823 743 14 of of IN 34823 743 15 causal causal JJ 34823 743 16 theory theory NN 34823 743 17 of of IN 34823 743 18 value value NN 34823 743 19 one one CD 34823 743 20 chooses choose NNS 34823 743 21 . . . 34823 744 1 It -PRON- PRP 34823 744 2 is be VBZ 34823 744 3 enough enough JJ 34823 744 4 that that IN 34823 744 5 the the DT 34823 744 6 demand demand NN 34823 744 7 - - HYPH 34823 744 8 curve curve NN 34823 744 9 be be VB 34823 744 10 recognized recognize VBN 34823 744 11 as as IN 34823 744 12 expressing express VBG 34823 744 13 economic economic JJ 34823 744 14 significance significance NN 34823 744 15 , , , 34823 744 16 and and CC 34823 744 17 diminishing diminish VBG 34823 744 18 economic economic JJ 34823 744 19 significance significance NN 34823 744 20 . . . 34823 745 1 [ [ -LRB- 34823 745 2 46 46 CD 34823 745 3 ] ] -RRB- 34823 745 4 But but CC 34823 745 5 for for IN 34823 745 6 the the DT 34823 745 7 demand demand NN 34823 745 8 - - HYPH 34823 745 9 curve curve NN 34823 745 10 to to TO 34823 745 11 express express VB 34823 745 12 variation variation NN 34823 745 13 in in IN 34823 745 14 economic economic JJ 34823 745 15 significance significance NN 34823 745 16 of of IN 34823 745 17 a a DT 34823 745 18 good good JJ 34823 745 19 , , , 34823 745 20 there there EX 34823 745 21 is be VBZ 34823 745 22 need need NN 34823 745 23 for for IN 34823 745 24 a a DT 34823 745 25 unit unit NN 34823 745 26 in in IN 34823 745 27 which which WDT 34823 745 28 to to TO 34823 745 29 express express VB 34823 745 30 that that DT 34823 745 31 variation variation NN 34823 745 32 . . . 34823 746 1 That that DT 34823 746 2 unit unit NN 34823 746 3 is be VBZ 34823 746 4 the the DT 34823 746 5 economic economic JJ 34823 746 6 significance significance NN 34823 746 7 of of IN 34823 746 8 the the DT 34823 746 9 dollar dollar NN 34823 746 10 , , , 34823 746 11 itself -PRON- PRP 34823 746 12 assumed assume VBD 34823 746 13 to to TO 34823 746 14 be be VB 34823 746 15 invariable invariable JJ 34823 746 16 -- -- : 34823 746 17 as as IN 34823 746 18 all all DT 34823 746 19 measures measure NNS 34823 746 20 must must MD 34823 746 21 be be VB 34823 746 22 assumed assume VBN 34823 746 23 to to TO 34823 746 24 be be VB 34823 746 25 invariable invariable JJ 34823 746 26 if if IN 34823 746 27 measurement measurement NN 34823 746 28 is be VBZ 34823 746 29 to to TO 34823 746 30 mean mean VB 34823 746 31 anything anything NN 34823 746 32 . . . 34823 747 1 If if IN 34823 747 2 the the DT 34823 747 3 unit unit NN 34823 747 4 chosen choose VBD 34823 747 5 vary vary VBP 34823 747 6 in in IN 34823 747 7 the the DT 34823 747 8 course course NN 34823 747 9 of of IN 34823 747 10 a a DT 34823 747 11 given give VBN 34823 747 12 investigation investigation NN 34823 747 13 , , , 34823 747 14 the the DT 34823 747 15 curve curve NN 34823 747 16 tells tell VBZ 34823 747 17 you -PRON- PRP 34823 747 18 nothing nothing NN 34823 747 19 at at RB 34823 747 20 all all RB 34823 747 21 . . . 34823 748 1 Another another DT 34823 748 2 way way NN 34823 748 3 of of IN 34823 748 4 reaching reach VBG 34823 748 5 the the DT 34823 748 6 same same JJ 34823 748 7 conclusion conclusion NN 34823 748 8 is be VBZ 34823 748 9 to to TO 34823 748 10 say say VB 34823 748 11 that that IN 34823 748 12 an an DT 34823 748 13 increase increase NN 34823 748 14 in in IN 34823 748 15 demand demand NN 34823 748 16 in in IN 34823 748 17 the the DT 34823 748 18 active active JJ 34823 748 19 sense sense NN 34823 748 20 will will MD 34823 748 21 lead lead VB 34823 748 22 to to IN 34823 748 23 an an DT 34823 748 24 increase increase NN 34823 748 25 in in IN 34823 748 26 supply supply NN 34823 748 27 only only RB 34823 748 28 if if IN 34823 748 29 there there EX 34823 748 30 be be VB 34823 748 31 no no DT 34823 748 32 corresponding corresponding JJ 34823 748 33 increase increase NN 34823 748 34 in in IN 34823 748 35 demand demand NN 34823 748 36 for for IN 34823 748 37 the the DT 34823 748 38 alternative alternative JJ 34823 748 39 employments employment NNS 34823 748 40 of of IN 34823 748 41 the the DT 34823 748 42 sources source NNS 34823 748 43 of of IN 34823 748 44 that that DT 34823 748 45 supply supply NN 34823 748 46 , , , 34823 748 47 that that IN 34823 748 48 , , , 34823 748 49 _ _ NNP 34823 748 50 e. e. NNP 34823 749 1 g. g. NNP 34823 749 2 _ _ NNP 34823 749 3 , , , 34823 749 4 an an DT 34823 749 5 increased increase VBN 34823 749 6 demand demand NN 34823 749 7 for for IN 34823 749 8 wheat wheat NN 34823 749 9 will will MD 34823 749 10 lead lead VB 34823 749 11 to to IN 34823 749 12 increased increase VBN 34823 749 13 production production NN 34823 749 14 of of IN 34823 749 15 wheat wheat NN 34823 749 16 only only RB 34823 749 17 if if IN 34823 749 18 there there EX 34823 749 19 be be VB 34823 749 20 not not RB 34823 749 21 a a DT 34823 749 22 corresponding corresponding JJ 34823 749 23 increase increase NN 34823 749 24 in in IN 34823 749 25 the the DT 34823 749 26 demands demand NNS 34823 749 27 for for IN 34823 749 28 corn corn NN 34823 749 29 and and CC 34823 749 30 other other JJ 34823 749 31 crops crop NNS 34823 749 32 which which WDT 34823 749 33 can can MD 34823 749 34 be be VB 34823 749 35 raised raise VBN 34823 749 36 on on IN 34823 749 37 land land NN 34823 749 38 and and CC 34823 749 39 with with IN 34823 749 40 labor labor NN 34823 749 41 and and CC 34823 749 42 capital capital NN 34823 749 43 that that WDT 34823 749 44 would would MD 34823 749 45 otherwise otherwise RB 34823 749 46 produce produce VB 34823 749 47 wheat wheat NN 34823 749 48 . . . 34823 750 1 This this DT 34823 750 2 is be VBZ 34823 750 3 only only RB 34823 750 4 another another DT 34823 750 5 phase phase NN 34823 750 6 of of IN 34823 750 7 the the DT 34823 750 8 argument argument NN 34823 750 9 that that WDT 34823 750 10 went go VBD 34823 750 11 before before RB 34823 750 12 , , , 34823 750 13 that that IN 34823 750 14 an an DT 34823 750 15 increase increase NN 34823 750 16 in in IN 34823 750 17 demand demand NN 34823 750 18 due due IN 34823 750 19 to to IN 34823 750 20 a a DT 34823 750 21 falling fall VBG 34823 750 22 value value NN 34823 750 23 of of IN 34823 750 24 money money NN 34823 750 25 would would MD 34823 750 26 lead lead VB 34823 750 27 to to IN 34823 750 28 a a DT 34823 750 29 corresponding corresponding JJ 34823 750 30 shift shift NN 34823 750 31 in in IN 34823 750 32 the the DT 34823 750 33 supply supply NN 34823 750 34 - - HYPH 34823 750 35 curve curve NN 34823 750 36 . . . 34823 751 1 It -PRON- PRP 34823 751 2 is be VBZ 34823 751 3 not not RB 34823 751 4 quite quite RB 34823 751 5 the the DT 34823 751 6 same same JJ 34823 751 7 argument argument NN 34823 751 8 , , , 34823 751 9 however however RB 34823 751 10 , , , 34823 751 11 because because IN 34823 751 12 that that DT 34823 751 13 was be VBD 34823 751 14 an an DT 34823 751 15 argument argument NN 34823 751 16 concerned concern VBN 34823 751 17 with with IN 34823 751 18 short short JJ 34823 751 19 run run NN 34823 751 20 tendencies tendency NNS 34823 751 21 , , , 34823 751 22 resting rest VBG 34823 751 23 on on IN 34823 751 24 the the DT 34823 751 25 assumption assumption NN 34823 751 26 that that IN 34823 751 27 the the DT 34823 751 28 holders holder NNS 34823 751 29 of of IN 34823 751 30 supply supply NN 34823 751 31 would would MD 34823 751 32 immediately immediately RB 34823 751 33 react react VB 34823 751 34 to to IN 34823 751 35 a a DT 34823 751 36 change change NN 34823 751 37 in in IN 34823 751 38 the the DT 34823 751 39 value value NN 34823 751 40 of of IN 34823 751 41 money money NN 34823 751 42 , , , 34823 751 43 whereas whereas IN 34823 751 44 the the DT 34823 751 45 argument argument NN 34823 751 46 just just RB 34823 751 47 presented present VBD 34823 751 48 rests rest NNS 34823 751 49 on on IN 34823 751 50 the the DT 34823 751 51 longer long JJR 34823 751 52 adjustments adjustment NNS 34823 751 53 , , , 34823 751 54 based base VBN 34823 751 55 on on IN 34823 751 56 the the DT 34823 751 57 law law NN 34823 751 58 of of IN 34823 751 59 costs cost NNS 34823 751 60 , , , 34823 751 61 as as IN 34823 751 62 worked work VBN 34823 751 63 out out RP 34823 751 64 by by IN 34823 751 65 the the DT 34823 751 66 Austrians Austrians NNPS 34823 751 67 . . . 34823 752 1 This this DT 34823 752 2 point point NN 34823 752 3 will will MD 34823 752 4 be be VB 34823 752 5 made make VBN 34823 752 6 clearer clear JJR 34823 752 7 in in IN 34823 752 8 the the DT 34823 752 9 next next JJ 34823 752 10 chapter chapter NN 34823 752 11 . . . 34823 753 1 Yet yet RB 34823 753 2 another another DT 34823 753 3 , , , 34823 753 4 and and CC 34823 753 5 perhaps perhaps RB 34823 753 6 simpler simple JJR 34823 753 7 , , , 34823 753 8 approach approach VBP 34823 753 9 to to IN 34823 753 10 the the DT 34823 753 11 same same JJ 34823 753 12 conclusion conclusion NN 34823 753 13 is be VBZ 34823 753 14 by by IN 34823 753 15 pointing point VBG 34823 753 16 out out RP 34823 753 17 that that IN 34823 753 18 an an DT 34823 753 19 individual individual NN 34823 753 20 , , , 34823 753 21 deciding decide VBG 34823 753 22 to to TO 34823 753 23 buy buy VB 34823 753 24 , , , 34823 753 25 must must MD 34823 753 26 take take VB 34823 753 27 account account NN 34823 753 28 of of IN 34823 753 29 the the DT 34823 753 30 prices price NNS 34823 753 31 of of IN 34823 753 32 other other JJ 34823 753 33 things thing NNS 34823 753 34 in in IN 34823 753 35 his -PRON- PRP$ 34823 753 36 budget budget NN 34823 753 37 -- -- : 34823 753 38 that that IN 34823 753 39 individual individual JJ 34823 753 40 demand demand NN 34823 753 41 - - HYPH 34823 753 42 schedules schedule NNS 34823 753 43 would would MD 34823 753 44 be be VB 34823 753 45 different different JJ 34823 753 46 if if IN 34823 753 47 market market NN 34823 753 48 prices price NNS 34823 753 49 of of IN 34823 753 50 other other JJ 34823 753 51 things thing NNS 34823 753 52 -- -- : 34823 753 53 which which WDT 34823 753 54 depend depend VBP 34823 753 55 on on IN 34823 753 56 the the DT 34823 753 57 value value NN 34823 753 58 of of IN 34823 753 59 money money NN 34823 753 60 -- -- : 34823 753 61 were be VBD 34823 753 62 different different JJ 34823 753 63 . . . 34823 754 1 The the DT 34823 754 2 doctrine doctrine NN 34823 754 3 that that DT 34823 754 4 supply supply NN 34823 754 5 and and CC 34823 754 6 demand demand NN 34823 754 7 ( ( -LRB- 34823 754 8 and and CC 34823 754 9 cost cost NN 34823 754 10 of of IN 34823 754 11 production production NN 34823 754 12 , , , 34823 754 13 the the DT 34823 754 14 capitalization capitalization NN 34823 754 15 theory theory NN 34823 754 16 , , , 34823 754 17 and and CC 34823 754 18 other other JJ 34823 754 19 elements element NNS 34823 754 20 in in IN 34823 754 21 the the DT 34823 754 22 current current JJ 34823 754 23 price price NN 34823 754 24 - - HYPH 34823 754 25 analysis analysis NN 34823 754 26 ) ) -RRB- 34823 754 27 presuppose presuppose VB 34823 754 28 a a DT 34823 754 29 fixed fix VBN 34823 754 30 value value NN 34823 754 31 of of IN 34823 754 32 money money NN 34823 754 33 , , , 34823 754 34 must must MD 34823 754 35 be be VB 34823 754 36 sharply sharply RB 34823 754 37 distinguished distinguish VBN 34823 754 38 from from IN 34823 754 39 the the DT 34823 754 40 doctrine doctrine NN 34823 754 41 of of IN 34823 754 42 Professor Professor NNP 34823 754 43 Fisher Fisher NNP 34823 754 44 ( ( -LRB- 34823 754 45 _ _ NNP 34823 754 46 Purchasing Purchasing NNP 34823 754 47 Power Power NNP 34823 754 48 of of IN 34823 754 49 Money Money NNP 34823 754 50 _ _ NNP 34823 754 51 , , , 34823 754 52 ch ch NN 34823 754 53 . . . 34823 755 1 8) 8) CD 34823 755 2 , , , 34823 755 3 and and CC 34823 755 4 others other NNS 34823 755 5 , , , 34823 755 6 that that IN 34823 755 7 a a DT 34823 755 8 fixed fix VBN 34823 755 9 _ _ NNP 34823 755 10 general general JJ 34823 755 11 price price NN 34823 755 12 level level NN 34823 755 13 _ _ NNP 34823 755 14 is be VBZ 34823 755 15 assumed assume VBN 34823 755 16 by by IN 34823 755 17 supply supply NN 34823 755 18 and and CC 34823 755 19 demand demand NN 34823 755 20 , , , 34823 755 21 etc etc FW 34823 755 22 . . . 34823 756 1 I -PRON- PRP 34823 756 2 should should MD 34823 756 3 deny deny VB 34823 756 4 that that IN 34823 756 5 a a DT 34823 756 6 fixed fix VBN 34823 756 7 general general JJ 34823 756 8 price price NN 34823 756 9 level level NN 34823 756 10 is be VBZ 34823 756 11 assumed assume VBN 34823 756 12 . . . 34823 757 1 The the DT 34823 757 2 point point NN 34823 757 3 rests rest VBZ 34823 757 4 in in IN 34823 757 5 the the DT 34823 757 6 distinction distinction NN 34823 757 7 between between IN 34823 757 8 value value NN 34823 757 9 as as IN 34823 757 10 _ _ NNP 34823 757 11 absolute absolute JJ 34823 757 12 _ _ NNP 34823 757 13 and and CC 34823 757 14 value value NN 34823 757 15 as as IN 34823 757 16 _ _ NNP 34823 757 17 relative relative JJ 34823 757 18 _ _ NNP 34823 757 19 . . . 34823 758 1 For for IN 34823 758 2 my -PRON- PRP$ 34823 758 3 theory theory NN 34823 758 4 , , , 34823 758 5 it -PRON- PRP 34823 758 6 is be VBZ 34823 758 7 perfectly perfectly RB 34823 758 8 possible possible JJ 34823 758 9 for for IN 34823 758 10 the the DT 34823 758 11 general general JJ 34823 758 12 price price NN 34823 758 13 level level NN 34823 758 14 to to TO 34823 758 15 rise rise VB 34823 758 16 , , , 34823 758 17 with with IN 34823 758 18 the the DT 34823 758 19 value value NN 34823 758 20 of of IN 34823 758 21 money money NN 34823 758 22 constant constant JJ 34823 758 23 , , , 34823 758 24 because because IN 34823 758 25 of of IN 34823 758 26 a a DT 34823 758 27 rise rise NN 34823 758 28 in in IN 34823 758 29 the the DT 34823 758 30 values value NNS 34823 758 31 of of IN 34823 758 32 _ _ NNP 34823 758 33 goods good NNS 34823 758 34 _ _ NNP 34823 758 35 . . . 34823 759 1 In in IN 34823 759 2 a a DT 34823 759 3 later later JJ 34823 759 4 chapter chapter NN 34823 759 5 , , , 34823 759 6 on on IN 34823 759 7 " " `` 34823 759 8 The the DT 34823 759 9 Passiveness passiveness NN 34823 759 10 of of IN 34823 759 11 Prices price NNS 34823 759 12 , , , 34823 759 13 " " `` 34823 759 14 I -PRON- PRP 34823 759 15 shall shall MD 34823 759 16 examine examine VB 34823 759 17 the the DT 34823 759 18 doctrine doctrine NN 34823 759 19 of of IN 34823 759 20 Professor Professor NNP 34823 759 21 Fisher Fisher NNP 34823 759 22 more more RBR 34823 759 23 closely closely RB 34823 759 24 , , , 34823 759 25 and and CC 34823 759 26 set set VBD 34823 759 27 these these DT 34823 759 28 two two CD 34823 759 29 views view NNS 34823 759 30 in in IN 34823 759 31 clearer clear JJR 34823 759 32 contrast contrast NN 34823 759 33 . . . 34823 760 1 For for IN 34823 760 2 the the DT 34823 760 3 present present NN 34823 760 4 , , , 34823 760 5 it -PRON- PRP 34823 760 6 is be VBZ 34823 760 7 enough enough JJ 34823 760 8 to to TO 34823 760 9 point point VB 34823 760 10 out out RP 34823 760 11 one one CD 34823 760 12 vital vital JJ 34823 760 13 difference difference NN 34823 760 14 between between IN 34823 760 15 a a DT 34823 760 16 rise rise NN 34823 760 17 in in IN 34823 760 18 prices price NNS 34823 760 19 due due IN 34823 760 20 to to IN 34823 760 21 a a DT 34823 760 22 fall fall NN 34823 760 23 in in IN 34823 760 24 the the DT 34823 760 25 value value NN 34823 760 26 of of IN 34823 760 27 money money NN 34823 760 28 and and CC 34823 760 29 a a DT 34823 760 30 rise rise NN 34823 760 31 in in IN 34823 760 32 prices price NNS 34823 760 33 due due IN 34823 760 34 to to IN 34823 760 35 a a DT 34823 760 36 rise rise NN 34823 760 37 in in IN 34823 760 38 the the DT 34823 760 39 values value NNS 34823 760 40 of of IN 34823 760 41 goods good NNS 34823 760 42 , , , 34823 760 43 with with IN 34823 760 44 the the DT 34823 760 45 absolute absolute JJ 34823 760 46 value value NN 34823 760 47 of of IN 34823 760 48 money money NN 34823 760 49 unchanged unchanged JJ 34823 760 50 : : : 34823 760 51 in in IN 34823 760 52 the the DT 34823 760 53 latter latter JJ 34823 760 54 case case NN 34823 760 55 , , , 34823 760 56 there there EX 34823 760 57 is be VBZ 34823 760 58 an an DT 34823 760 59 increase increase NN 34823 760 60 in in IN 34823 760 61 the the DT 34823 760 62 psychological psychological JJ 34823 760 63 stimulus stimulus NN 34823 760 64 to to IN 34823 760 65 industry industry NN 34823 760 66 , , , 34823 760 67 an an DT 34823 760 68 increase increase NN 34823 760 69 in in IN 34823 760 70 economic economic JJ 34823 760 71 power power NN 34823 760 72 in in IN 34823 760 73 motivation motivation NN 34823 760 74 , , , 34823 760 75 which which WDT 34823 760 76 energizes energize VBZ 34823 760 77 and and CC 34823 760 78 increases increase VBZ 34823 760 79 production production NN 34823 760 80 . . . 34823 761 1 In in IN 34823 761 2 the the DT 34823 761 3 latter latter JJ 34823 761 4 case case NN 34823 761 5 , , , 34823 761 6 especially especially RB 34823 761 7 when when WRB 34823 761 8 the the DT 34823 761 9 fall fall NN 34823 761 10 in in IN 34823 761 11 the the DT 34823 761 12 value value NN 34823 761 13 of of IN 34823 761 14 money money NN 34823 761 15 is be VBZ 34823 761 16 rapid rapid JJ 34823 761 17 , , , 34823 761 18 and and CC 34823 761 19 the the DT 34823 761 20 rise rise NN 34823 761 21 in in IN 34823 761 22 prices price NNS 34823 761 23 is be VBZ 34823 761 24 clearly clearly RB 34823 761 25 due due JJ 34823 761 26 to to IN 34823 761 27 that that DT 34823 761 28 cause cause NN 34823 761 29 ( ( -LRB- 34823 761 30 as as IN 34823 761 31 in in IN 34823 761 32 the the DT 34823 761 33 case case NN 34823 761 34 of of IN 34823 761 35 Confederate Confederate NNP 34823 761 36 paper paper NN 34823 761 37 , , , 34823 761 38 or or CC 34823 761 39 the the DT 34823 761 40 French French NNP 34823 761 41 _ _ NNP 34823 761 42 Assignats Assignats NNPS 34823 761 43 _ _ NNP 34823 761 44 ) ) -RRB- 34823 761 45 , , , 34823 761 46 we -PRON- PRP 34823 761 47 find find VBP 34823 761 48 a a DT 34823 761 49 reverse reverse JJ 34823 761 50 effect effect NN 34823 761 51 on on IN 34823 761 52 industry industry NN 34823 761 53 . . . 34823 762 1 Intermediate intermediate JJ 34823 762 2 cases case NNS 34823 762 3 , , , 34823 762 4 where where WRB 34823 762 5 money money NN 34823 762 6 is be VBZ 34823 762 7 falling fall VBG 34823 762 8 in in IN 34823 762 9 value value NN 34823 762 10 , , , 34823 762 11 but but CC 34823 762 12 where where WRB 34823 762 13 goods good NNS 34823 762 14 are be VBP 34823 762 15 also also RB 34823 762 16 rising rise VBG 34823 762 17 , , , 34823 762 18 give give VB 34823 762 19 us -PRON- PRP 34823 762 20 intermediate intermediate JJ 34823 762 21 results result NNS 34823 762 22 . . . 34823 763 1 In in IN 34823 763 2 what what WP 34823 763 3 follows follow VBZ 34823 763 4 , , , 34823 763 5 I -PRON- PRP 34823 763 6 shall shall MD 34823 763 7 from from IN 34823 763 8 time time NN 34823 763 9 to to IN 34823 763 10 time time NN 34823 763 11 refer refer VB 34823 763 12 to to IN 34823 763 13 this this DT 34823 763 14 distinction distinction NN 34823 763 15 . . . 34823 764 1 In in IN 34823 764 2 my -PRON- PRP$ 34823 764 3 own own JJ 34823 764 4 exposition exposition NN 34823 764 5 , , , 34823 764 6 I -PRON- PRP 34823 764 7 shall shall MD 34823 764 8 always always RB 34823 764 9 use use VB 34823 764 10 " " `` 34823 764 11 value value NN 34823 764 12 of of IN 34823 764 13 money money NN 34823 764 14 " " '' 34823 764 15 in in IN 34823 764 16 the the DT 34823 764 17 absolute absolute JJ 34823 764 18 sense sense NN 34823 764 19 , , , 34823 764 20 as as IN 34823 764 21 distinguished distinguish VBN 34823 764 22 from from IN 34823 764 23 the the DT 34823 764 24 mere mere JJ 34823 764 25 " " `` 34823 764 26 reciprocal reciprocal JJ 34823 764 27 of of IN 34823 764 28 the the DT 34823 764 29 price price NN 34823 764 30 level,"--a level,"--a FW 34823 764 31 practice practice NN 34823 764 32 which which WDT 34823 764 33 I -PRON- PRP 34823 764 34 have have VBP 34823 764 35 sought seek VBN 34823 764 36 to to TO 34823 764 37 justify justify VB 34823 764 38 in in IN 34823 764 39 the the DT 34823 764 40 chapter chapter NN 34823 764 41 on on IN 34823 764 42 " " `` 34823 764 43 Value Value NNP 34823 764 44 , , , 34823 764 45 " " '' 34823 764 46 and and CC 34823 764 47 in in IN 34823 764 48 other other JJ 34823 764 49 places place NNS 34823 764 50 there there RB 34823 764 51 referred refer VBD 34823 764 52 to to IN 34823 764 53 . . . 34823 765 1 [ [ -LRB- 34823 765 2 47 47 CD 34823 765 3 ] ] -RRB- 34823 765 4 The the DT 34823 765 5 modern modern JJ 34823 765 6 theory theory NN 34823 765 7 of of IN 34823 765 8 supply supply NN 34823 765 9 and and CC 34823 765 10 demand demand NN 34823 765 11 , , , 34823 765 12 then then RB 34823 765 13 , , , 34823 765 14 assumes assume VBZ 34823 765 15 money money NN 34823 765 16 , , , 34823 765 17 and and CC 34823 765 18 a a DT 34823 765 19 fixed fix VBN 34823 765 20 value value NN 34823 765 21 of of IN 34823 765 22 money money NN 34823 765 23 . . . 34823 766 1 It -PRON- PRP 34823 766 2 is be VBZ 34823 766 3 , , , 34823 766 4 therefore therefore RB 34823 766 5 , , , 34823 766 6 obviously obviously RB 34823 766 7 unfitted unfitted JJ 34823 766 8 as as IN 34823 766 9 an an DT 34823 766 10 instrument instrument NN 34823 766 11 to to TO 34823 766 12 solve solve VB 34823 766 13 the the DT 34823 766 14 problem problem NN 34823 766 15 of of IN 34823 766 16 the the DT 34823 766 17 value value NN 34823 766 18 of of IN 34823 766 19 money money NN 34823 766 20 . . . 34823 767 1 If if IN 34823 767 2 supply supply NN 34823 767 3 and and CC 34823 767 4 demand demand NN 34823 767 5 concepts concept NNS 34823 767 6 are be VBP 34823 767 7 to to TO 34823 767 8 be be VB 34823 767 9 applied apply VBN 34823 767 10 to to IN 34823 767 11 this this DT 34823 767 12 problem problem NN 34823 767 13 , , , 34823 767 14 they -PRON- PRP 34823 767 15 must must MD 34823 767 16 be be VB 34823 767 17 of of IN 34823 767 18 a a DT 34823 767 19 different different JJ 34823 767 20 sort sort NN 34823 767 21 . . . 34823 768 1 This this DT 34823 768 2 was be VBD 34823 768 3 pointed point VBN 34823 768 4 out out RP 34823 768 5 by by IN 34823 768 6 Cairnes[48 cairnes[48 CD 34823 768 7 ] ] -RRB- 34823 768 8 who who WP 34823 768 9 criticised criticise VBD 34823 768 10 Mill Mill NNP 34823 768 11 's 's POS 34823 768 12 formulation formulation NN 34823 768 13 , , , 34823 768 14 and and CC 34823 768 15 pointed point VBD 34823 768 16 out out RP 34823 768 17 that that IN 34823 768 18 Mill Mill NNP 34823 768 19 departed depart VBD 34823 768 20 from from IN 34823 768 21 it -PRON- PRP 34823 768 22 in in IN 34823 768 23 three three CD 34823 768 24 capital capital NN 34823 768 25 doctrines doctrine NNS 34823 768 26 : : : 34823 768 27 in in IN 34823 768 28 the the DT 34823 768 29 theory theory NN 34823 768 30 of of IN 34823 768 31 the the DT 34823 768 32 value value NN 34823 768 33 of of IN 34823 768 34 money money NN 34823 768 35 , , , 34823 768 36 in in IN 34823 768 37 the the DT 34823 768 38 theory theory NN 34823 768 39 of of IN 34823 768 40 wages wage NNS 34823 768 41 , , , 34823 768 42 and and CC 34823 768 43 in in IN 34823 768 44 the the DT 34823 768 45 theory theory NN 34823 768 46 of of IN 34823 768 47 international international JJ 34823 768 48 values value NNS 34823 768 49 . . . 34823 769 1 By by IN 34823 769 2 the the DT 34823 769 3 demand demand NN 34823 769 4 for for IN 34823 769 5 money money NN 34823 769 6 , , , 34823 769 7 Mill Mill NNP 34823 769 8 means mean VBZ 34823 769 9 , , , 34823 769 10 not not RB 34823 769 11 the the DT 34823 769 12 amount amount NN 34823 769 13 of of IN 34823 769 14 _ _ NNP 34823 769 15 money money NN 34823 769 16 _ _ NNP 34823 769 17 demanded demand VBD 34823 769 18 , , , 34823 769 19 but but CC 34823 769 20 the the DT 34823 769 21 quantity quantity NN 34823 769 22 of of IN 34823 769 23 goods good NNS 34823 769 24 offered offer VBN 34823 769 25 against against IN 34823 769 26 money money NN 34823 769 27 -- -- : 34823 769 28 a a DT 34823 769 29 very very RB 34823 769 30 different different JJ 34823 769 31 conception conception NN 34823 769 32 . . . 34823 770 1 ( ( -LRB- 34823 770 2 Mill Mill NNP 34823 770 3 , , , 34823 770 4 _ _ NNP 34823 770 5 Principles Principles NNP 34823 770 6 _ _ NNP 34823 770 7 , , , 34823 770 8 Bk Bk NNP 34823 770 9 . . . 34823 771 1 III III NNP 34823 771 2 , , , 34823 771 3 ch ch NN 34823 771 4 . . . 34823 772 1 viii viii NNP 34823 772 2 , , , 34823 772 3 par par NN 34823 772 4 . . . 34823 773 1 2 2 LS 34823 773 2 . . . 34823 773 3 ) ) -RRB- 34823 774 1 In in IN 34823 774 2 what what WDT 34823 774 3 sense sense NN 34823 774 4 a a DT 34823 774 5 quantity quantity NN 34823 774 6 of of IN 34823 774 7 goods good NNS 34823 774 8 can can MD 34823 774 9 equal equal VB 34823 774 10 a a DT 34823 774 11 quantity quantity NN 34823 774 12 of of IN 34823 774 13 money money NN 34823 774 14 , , , 34823 774 15 or or CC 34823 774 16 in in IN 34823 774 17 what what WDT 34823 774 18 sense sense NN 34823 774 19 there there EX 34823 774 20 can can MD 34823 774 21 be be VB 34823 774 22 a a DT 34823 774 23 ratio ratio NN 34823 774 24 between between IN 34823 774 25 goods good NNS 34823 774 26 and and CC 34823 774 27 money money NN 34823 774 28 , , , 34823 774 29 ( ( -LRB- 34823 774 30 to to TO 34823 774 31 recur recur VB 34823 774 32 to to IN 34823 774 33 Mill Mill NNP 34823 774 34 's 's POS 34823 774 35 former former JJ 34823 774 36 problem problem NN 34823 774 37 as as IN 34823 774 38 to to IN 34823 774 39 the the DT 34823 774 40 ratio ratio NN 34823 774 41 between between IN 34823 774 42 things thing NNS 34823 774 43 not not RB 34823 774 44 of of IN 34823 774 45 the the DT 34823 774 46 same same JJ 34823 774 47 denomination denomination NN 34823 774 48 ) ) -RRB- 34823 774 49 Mill Mill NNP 34823 774 50 does do VBZ 34823 774 51 not not RB 34823 774 52 make make VB 34823 774 53 clear clear JJ 34823 774 54 , , , 34823 774 55 nor nor CC 34823 774 56 is be VBZ 34823 774 57 it -PRON- PRP 34823 774 58 defensible defensible JJ 34823 774 59 to to TO 34823 774 60 speak speak VB 34823 774 61 of of IN 34823 774 62 either either CC 34823 774 63 a a DT 34823 774 64 ratio ratio NN 34823 774 65 or or CC 34823 774 66 an an DT 34823 774 67 equation equation NN 34823 774 68 on on IN 34823 774 69 the the DT 34823 774 70 basis basis NN 34823 774 71 of of IN 34823 774 72 Mill Mill NNP 34823 774 73 's 's POS 34823 774 74 system system NN 34823 774 75 , , , 34823 774 76 since since IN 34823 774 77 Mill Mill NNP 34823 774 78 had have VBD 34823 774 79 no no DT 34823 774 80 absolute absolute JJ 34823 774 81 value value NN 34823 774 82 concept concept NN 34823 774 83 . . . 34823 775 1 Cairnes cairne NNS 34823 775 2 seeks seek VBZ 34823 775 3 to to TO 34823 775 4 reconstruct reconstruct VB 34823 775 5 the the DT 34823 775 6 notion notion NN 34823 775 7 of of IN 34823 775 8 supply supply NN 34823 775 9 and and CC 34823 775 10 demand demand NN 34823 775 11 , , , 34823 775 12 in in IN 34823 775 13 such such JJ 34823 775 14 fashion fashion NN 34823 775 15 as as IN 34823 775 16 to to TO 34823 775 17 make make VB 34823 775 18 it -PRON- PRP 34823 775 19 possible possible JJ 34823 775 20 to to TO 34823 775 21 apply apply VB 34823 775 22 it -PRON- PRP 34823 775 23 universally universally RB 34823 775 24 , , , 34823 775 25 and and CC 34823 775 26 takes take VBZ 34823 775 27 up up RP 34823 775 28 the the DT 34823 775 29 question question NN 34823 775 30 of of IN 34823 775 31 the the DT 34823 775 32 comparability comparability NN 34823 775 33 of of IN 34823 775 34 supply supply NN 34823 775 35 conceived conceive VBN 34823 775 36 as as IN 34823 775 37 a a DT 34823 775 38 quantity quantity NN 34823 775 39 of of IN 34823 775 40 goods good NNS 34823 775 41 , , , 34823 775 42 and and CC 34823 775 43 demand demand NN 34823 775 44 , , , 34823 775 45 conceived conceive VBD 34823 775 46 , , , 34823 775 47 not not RB 34823 775 48 as as IN 34823 775 49 a a DT 34823 775 50 quantity quantity NN 34823 775 51 of of IN 34823 775 52 goods good NNS 34823 775 53 , , , 34823 775 54 but but CC 34823 775 55 as as IN 34823 775 56 desire desire NN 34823 775 57 combined combine VBN 34823 775 58 with with IN 34823 775 59 the the DT 34823 775 60 ability ability NN 34823 775 61 to to TO 34823 775 62 pay pay VB 34823 775 63 . . . 34823 776 1 He -PRON- PRP 34823 776 2 concludes conclude VBZ 34823 776 3 that that IN 34823 776 4 in in IN 34823 776 5 both both DT 34823 776 6 supply supply NN 34823 776 7 and and CC 34823 776 8 demand demand NN 34823 776 9 there there EX 34823 776 10 is be VBZ 34823 776 11 a a DT 34823 776 12 physical physical NN 34823 776 13 , , , 34823 776 14 as as RB 34823 776 15 well well RB 34823 776 16 as as IN 34823 776 17 a a DT 34823 776 18 mental mental JJ 34823 776 19 , , , 34823 776 20 element element NN 34823 776 21 . . . 34823 777 1 Demand demand VB 34823 777 2 he -PRON- PRP 34823 777 3 defines define VBZ 34823 777 4 as as IN 34823 777 5 the the DT 34823 777 6 desire desire NN 34823 777 7 for for IN 34823 777 8 a a DT 34823 777 9 commodity commodity NN 34823 777 10 backed back VBN 34823 777 11 by by IN 34823 777 12 general general JJ 34823 777 13 purchasing purchasing NN 34823 777 14 power power NN 34823 777 15 ; ; : 34823 777 16 supply supply NN 34823 777 17 as as IN 34823 777 18 the the DT 34823 777 19 desire desire NN 34823 777 20 for for IN 34823 777 21 general general JJ 34823 777 22 purchasing purchasing NN 34823 777 23 power power NN 34823 777 24 , , , 34823 777 25 backed back VBN 34823 777 26 by by IN 34823 777 27 the the DT 34823 777 28 offer offer NN 34823 777 29 of of IN 34823 777 30 a a DT 34823 777 31 commodity commodity NN 34823 777 32 . . . 34823 778 1 Thus thus RB 34823 778 2 he -PRON- PRP 34823 778 3 thinks think VBZ 34823 778 4 he -PRON- PRP 34823 778 5 has have VBZ 34823 778 6 made make VBN 34823 778 7 the the DT 34823 778 8 two two CD 34823 778 9 of of IN 34823 778 10 the the DT 34823 778 11 same same JJ 34823 778 12 denomination denomination NN 34823 778 13 , , , 34823 778 14 so so IN 34823 778 15 that that IN 34823 778 16 comparison comparison NN 34823 778 17 may may MD 34823 778 18 be be VB 34823 778 19 instituted institute VBN 34823 778 20 between between IN 34823 778 21 them -PRON- PRP 34823 778 22 , , , 34823 778 23 and and CC 34823 778 24 the the DT 34823 778 25 ideas idea NNS 34823 778 26 of of IN 34823 778 27 equation equation NN 34823 778 28 , , , 34823 778 29 ratio ratio NN 34823 778 30 , , , 34823 778 31 and and CC 34823 778 32 proportion proportion NN 34823 778 33 made make VBN 34823 778 34 legitimate legitimate JJ 34823 778 35 . . . 34823 779 1 By by IN 34823 779 2 " " `` 34823 779 3 general general JJ 34823 779 4 purchasing purchasing NN 34823 779 5 power power NN 34823 779 6 , , , 34823 779 7 " " `` 34823 779 8 Cairnes cairne NNS 34823 779 9 seems seem VBZ 34823 779 10 to to TO 34823 779 11 mean mean VB 34823 779 12 money money NN 34823 779 13 and and CC 34823 779 14 the the DT 34823 779 15 representatives representative NNS 34823 779 16 of of IN 34823 779 17 money money NN 34823 779 18 . . . 34823 780 1 It -PRON- PRP 34823 780 2 is be VBZ 34823 780 3 not not RB 34823 780 4 an an DT 34823 780 5 abstract abstract JJ 34823 780 6 power power NN 34823 780 7 , , , 34823 780 8 since since IN 34823 780 9 it -PRON- PRP 34823 780 10 is be VBZ 34823 780 11 the the DT 34823 780 12 " " `` 34823 780 13 physical physical JJ 34823 780 14 " " '' 34823 780 15 element element NN 34823 780 16 in in IN 34823 780 17 demand demand NN 34823 780 18 , , , 34823 780 19 comparable comparable JJ 34823 780 20 with with IN 34823 780 21 , , , 34823 780 22 and and CC 34823 780 23 of of IN 34823 780 24 the the DT 34823 780 25 same same JJ 34823 780 26 denomination denomination NN 34823 780 27 with with IN 34823 780 28 , , , 34823 780 29 the the DT 34823 780 30 physical physical JJ 34823 780 31 element element NN 34823 780 32 in in IN 34823 780 33 supply supply NN 34823 780 34 , , , 34823 780 35 a a DT 34823 780 36 commodity commodity NN 34823 780 37 . . . 34823 781 1 Cairnes cairne NNS 34823 781 2 ' ' POS 34823 781 3 solution solution NN 34823 781 4 of of IN 34823 781 5 Mill Mill NNP 34823 781 6 's 's POS 34823 781 7 difficulty difficulty NN 34823 781 8 seems seem VBZ 34823 781 9 to to IN 34823 781 10 me -PRON- PRP 34823 781 11 to to TO 34823 781 12 be be VB 34823 781 13 merely merely RB 34823 781 14 verbal verbal JJ 34823 781 15 , , , 34823 781 16 however however RB 34823 781 17 . . . 34823 782 1 First first RB 34823 782 2 , , , 34823 782 3 in in IN 34823 782 4 what what WDT 34823 782 5 way way NN 34823 782 6 is be VBZ 34823 782 7 the the DT 34823 782 8 desire desire NN 34823 782 9 for for IN 34823 782 10 general general JJ 34823 782 11 purchasing purchasing NN 34823 782 12 power power NN 34823 782 13 in in IN 34823 782 14 the the DT 34823 782 15 mind mind NN 34823 782 16 of of IN 34823 782 17 one one CD 34823 782 18 man man NN 34823 782 19 comparable comparable JJ 34823 782 20 with with IN 34823 782 21 the the DT 34823 782 22 desire desire NN 34823 782 23 for for IN 34823 782 24 a a DT 34823 782 25 commodity commodity NN 34823 782 26 in in IN 34823 782 27 the the DT 34823 782 28 mind mind NN 34823 782 29 of of IN 34823 782 30 another another DT 34823 782 31 man man NN 34823 782 32 ? ? . 34823 783 1 I -PRON- PRP 34823 783 2 pass pass VBP 34823 783 3 over over RP 34823 783 4 the the DT 34823 783 5 supposed suppose VBN 34823 783 6 difficulty difficulty NN 34823 783 7 that that IN 34823 783 8 knowledge knowledge NN 34823 783 9 of of IN 34823 783 10 other other JJ 34823 783 11 men man NNS 34823 783 12 's 's POS 34823 783 13 emotions emotion NNS 34823 783 14 is be VBZ 34823 783 15 impossible,[49 impossible,[49 NNP 34823 783 16 ] ] -RRB- 34823 783 17 and and CC 34823 783 18 emphasize emphasize VB 34823 783 19 simply simply RB 34823 783 20 the the DT 34823 783 21 point point NN 34823 783 22 that that DT 34823 783 23 price price NN 34823 783 24 offer offer NN 34823 783 25 , , , 34823 783 26 either either CC 34823 783 27 by by IN 34823 783 28 demander demander NN 34823 783 29 or or CC 34823 783 30 supplier supplier NN 34823 783 31 , , , 34823 783 32 is be VBZ 34823 783 33 no no DT 34823 783 34 test test NN 34823 783 35 of of IN 34823 783 36 the the DT 34823 783 37 intensity intensity NN 34823 783 38 of of IN 34823 783 39 desire desire NN 34823 783 40 where where WRB 34823 783 41 there there EX 34823 783 42 are be VBP 34823 783 43 inequalities inequality NNS 34823 783 44 in in IN 34823 783 45 the the DT 34823 783 46 distribution distribution NN 34823 783 47 of of IN 34823 783 48 wealth wealth NN 34823 783 49 . . . 34823 784 1 But but CC 34823 784 2 second second RB 34823 784 3 : : : 34823 784 4 in in IN 34823 784 5 what what WDT 34823 784 6 sense sense NN 34823 784 7 is be VBZ 34823 784 8 general general JJ 34823 784 9 purchasing purchasing NN 34823 784 10 power power NN 34823 784 11 , , , 34823 784 12 money money NN 34823 784 13 and and CC 34823 784 14 money money NN 34823 784 15 - - HYPH 34823 784 16 funds fund NNS 34823 784 17 , , , 34823 784 18 of of IN 34823 784 19 the the DT 34823 784 20 same same JJ 34823 784 21 denomination denomination NN 34823 784 22 as as IN 34823 784 23 a a DT 34823 784 24 commodity commodity NN 34823 784 25 ? ? . 34823 785 1 Cairnes cairne NNS 34823 785 2 emphasizes emphasize VBZ 34823 785 3 the the DT 34823 785 4 physical physical JJ 34823 785 5 character character NN 34823 785 6 of of IN 34823 785 7 both both DT 34823 785 8 . . . 34823 786 1 But but CC 34823 786 2 surely surely RB 34823 786 3 they -PRON- PRP 34823 786 4 are be VBP 34823 786 5 not not RB 34823 786 6 comparable comparable JJ 34823 786 7 on on IN 34823 786 8 the the DT 34823 786 9 basis basis NN 34823 786 10 of of IN 34823 786 11 any any DT 34823 786 12 physical physical JJ 34823 786 13 attributes attribute NNS 34823 786 14 -- -- : 34823 786 15 weight weight NN 34823 786 16 , , , 34823 786 17 bulk bulk NN 34823 786 18 , , , 34823 786 19 etc etc FW 34823 786 20 . . . 34823 787 1 Certainly certainly RB 34823 787 2 if if IN 34823 787 3 we -PRON- PRP 34823 787 4 look look VBP 34823 787 5 at at IN 34823 787 6 the the DT 34823 787 7 concept concept NN 34823 787 8 of of IN 34823 787 9 demand demand NN 34823 787 10 here here RB 34823 787 11 given give VBN 34823 787 12 , , , 34823 787 13 the the DT 34823 787 14 physical physical JJ 34823 787 15 aspect aspect NN 34823 787 16 is be VBZ 34823 787 17 simply simply RB 34823 787 18 irrelevant irrelevant JJ 34823 787 19 -- -- : 34823 787 20 gold gold JJ 34823 787 21 money money NN 34823 787 22 goes go VBZ 34823 787 23 by by IN 34823 787 24 weight weight NN 34823 787 25 , , , 34823 787 26 but but CC 34823 787 27 what what WP 34823 787 28 of of IN 34823 787 29 paper paper NN 34823 787 30 money money NN 34823 787 31 and and CC 34823 787 32 credit credit NN 34823 787 33 instruments instrument NNS 34823 787 34 ? ? . 34823 788 1 And and CC 34823 788 2 in in IN 34823 788 3 what what WDT 34823 788 4 sense sense NN 34823 788 5 is be VBZ 34823 788 6 even even RB 34823 788 7 gold gold JJ 34823 788 8 money money NN 34823 788 9 physically physically RB 34823 788 10 of of IN 34823 788 11 the the DT 34823 788 12 same same JJ 34823 788 13 denomination denomination NN 34823 788 14 with with IN 34823 788 15 , , , 34823 788 16 say say UH 34823 788 17 , , , 34823 788 18 wheat wheat NN 34823 788 19 , , , 34823 788 20 or or CC 34823 788 21 hay hay NN 34823 788 22 or or CC 34823 788 23 base base NN 34823 788 24 - - HYPH 34823 788 25 ball ball NN 34823 788 26 tickets ticket NNS 34823 788 27 ? ? . 34823 789 1 Not not RB 34823 789 2 physical physical JJ 34823 789 3 quantities quantity NNS 34823 789 4 , , , 34823 789 5 but but CC 34823 789 6 economic economic JJ 34823 789 7 quantities quantity NNS 34823 789 8 , , , 34823 789 9 are be VBP 34823 789 10 relevant relevant JJ 34823 789 11 here here RB 34823 789 12 ; ; : 34823 789 13 not not RB 34823 789 14 weight weight NN 34823 789 15 or or CC 34823 789 16 bulk bulk NN 34823 789 17 , , , 34823 789 18 but but CC 34823 789 19 _ _ NNP 34823 789 20 value value NN 34823 789 21 _ _ NNP 34823 789 22 . . . 34823 790 1 By by IN 34823 790 2 means mean NNS 34823 790 3 of of IN 34823 790 4 a a DT 34823 790 5 concept concept NN 34823 790 6 of of IN 34823 790 7 value value NN 34823 790 8 , , , 34823 790 9 as as IN 34823 790 10 the the DT 34823 790 11 homogeneous homogeneous JJ 34823 790 12 quality quality NN 34823 790 13 of of IN 34823 790 14 wealth wealth NN 34823 790 15 , , , 34823 790 16 present present JJ 34823 790 17 in in IN 34823 790 18 each each DT 34823 790 19 piece piece NN 34823 790 20 of of IN 34823 790 21 wealth wealth NN 34823 790 22 in in IN 34823 790 23 definite definite JJ 34823 790 24 , , , 34823 790 25 quantitative quantitative JJ 34823 790 26 degree degree NN 34823 790 27 , , , 34823 790 28 could could MD 34823 790 29 Cairnes cairne NNS 34823 790 30 bring bring VB 34823 790 31 about about RP 34823 790 32 comparability comparability NN 34823 790 33 between between IN 34823 790 34 the the DT 34823 790 35 " " `` 34823 790 36 physical physical JJ 34823 790 37 " " '' 34823 790 38 elements element NNS 34823 790 39 in in IN 34823 790 40 supply supply NN 34823 790 41 and and CC 34823 790 42 demand demand NN 34823 790 43 . . . 34823 791 1 But but CC 34823 791 2 not not RB 34823 791 3 otherwise otherwise RB 34823 791 4 . . . 34823 792 1 Only only JJ 34823 792 2 significances significance NNS 34823 792 3 , , , 34823 792 4 values value NNS 34823 792 5 , , , 34823 792 6 are be VBP 34823 792 7 relevant relevant JJ 34823 792 8 here here RB 34823 792 9 . . . 34823 793 1 Supply supply NN 34823 793 2 and and CC 34823 793 3 demand demand VB 34823 793 4 presuppose presuppose JJ 34823 793 5 value value NN 34823 793 6 . . . 34823 794 1 It -PRON- PRP 34823 794 2 will will MD 34823 794 3 be be VB 34823 794 4 interesting interesting JJ 34823 794 5 to to TO 34823 794 6 consider consider VB 34823 794 7 the the DT 34823 794 8 effort effort NN 34823 794 9 to to TO 34823 794 10 solve solve VB 34823 794 11 the the DT 34823 794 12 problem problem NN 34823 794 13 of of IN 34823 794 14 the the DT 34823 794 15 value value NN 34823 794 16 of of IN 34823 794 17 money money NN 34823 794 18 by by IN 34823 794 19 means mean NNS 34823 794 20 of of IN 34823 794 21 supply supply NN 34823 794 22 and and CC 34823 794 23 demand demand NN 34823 794 24 on on IN 34823 794 25 the the DT 34823 794 26 lines line NNS 34823 794 27 employed employ VBN 34823 794 28 by by IN 34823 794 29 Mill Mill NNP 34823 794 30 , , , 34823 794 31 where where WRB 34823 794 32 demand demand NN 34823 794 33 for for IN 34823 794 34 money money NN 34823 794 35 is be VBZ 34823 794 36 defined define VBN 34823 794 37 as as IN 34823 794 38 quantity quantity NN 34823 794 39 of of IN 34823 794 40 goods good NNS 34823 794 41 to to TO 34823 794 42 be be VB 34823 794 43 exchanged exchange VBN 34823 794 44 , , , 34823 794 45 and and CC 34823 794 46 supply supply NN 34823 794 47 of of IN 34823 794 48 money money NN 34823 794 49 as as IN 34823 794 50 quantity quantity NN 34823 794 51 of of IN 34823 794 52 money money NN 34823 794 53 times time NNS 34823 794 54 rapidity rapidity NN 34823 794 55 of of IN 34823 794 56 circulation circulation NN 34823 794 57 , , , 34823 794 58 and and CC 34823 794 59 where where WRB 34823 794 60 physical physical JJ 34823 794 61 quantities quantity NNS 34823 794 62 are be VBP 34823 794 63 treated treat VBN 34823 794 64 as as IN 34823 794 65 the the DT 34823 794 66 relevant relevant JJ 34823 794 67 factor factor NN 34823 794 68 , , , 34823 794 69 no no DT 34823 794 70 value value NN 34823 794 71 concept concept NN 34823 794 72 of of IN 34823 794 73 the the DT 34823 794 74 sort sort NN 34823 794 75 here here RB 34823 794 76 contended contend VBD 34823 794 77 for for IN 34823 794 78 being be VBG 34823 794 79 presupposed presuppose VBN 34823 794 80 . . . 34823 795 1 This this DT 34823 795 2 is be VBZ 34823 795 3 , , , 34823 795 4 essentially essentially RB 34823 795 5 , , , 34823 795 6 Mill Mill NNP 34823 795 7 's 's POS 34823 795 8 method method NN 34823 795 9 . . . 34823 796 1 There there EX 34823 796 2 is be VBZ 34823 796 3 , , , 34823 796 4 in in IN 34823 796 5 this this DT 34823 796 6 conception conception NN 34823 796 7 , , , 34823 796 8 first first RB 34823 796 9 the the DT 34823 796 10 difficulty difficulty NN 34823 796 11 that that IN 34823 796 12 " " `` 34823 796 13 quantity quantity NN 34823 796 14 of of IN 34823 796 15 goods good NNS 34823 796 16 to to TO 34823 796 17 be be VB 34823 796 18 exchanged exchange VBN 34823 796 19 " " `` 34823 796 20 is be VBZ 34823 796 21 not not RB 34823 796 22 a a DT 34823 796 23 true true JJ 34823 796 24 quantity quantity NN 34823 796 25 at at RB 34823 796 26 all all RB 34823 796 27 , , , 34823 796 28 but but CC 34823 796 29 is be VBZ 34823 796 30 a a DT 34823 796 31 mere mere JJ 34823 796 32 collection collection NN 34823 796 33 of of IN 34823 796 34 things thing NNS 34823 796 35 of of IN 34823 796 36 different different JJ 34823 796 37 denominations denomination NNS 34823 796 38 , , , 34823 796 39 dozens dozen NNS 34823 796 40 of of IN 34823 796 41 eggs egg NNS 34823 796 42 , , , 34823 796 43 pounds pound NNS 34823 796 44 of of IN 34823 796 45 butter butter NN 34823 796 46 , , , 34823 796 47 gallons gallon NNS 34823 796 48 of of IN 34823 796 49 milk milk NN 34823 796 50 , , , 34823 796 51 etc etc FW 34823 796 52 . . FW 34823 796 53 , , , 34823 796 54 incapable incapable JJ 34823 796 55 of of IN 34823 796 56 being be VBG 34823 796 57 funded fund VBN 34823 796 58 into into IN 34823 796 59 a a DT 34823 796 60 quantity quantity NN 34823 796 61 . . . 34823 797 1 [ [ -LRB- 34823 797 2 50 50 CD 34823 797 3 ] ] -RRB- 34823 797 4 There there EX 34823 797 5 is be VBZ 34823 797 6 , , , 34823 797 7 second second JJ 34823 797 8 , , , 34823 797 9 the the DT 34823 797 10 difficulty difficulty NN 34823 797 11 that that IN 34823 797 12 increasing increase VBG 34823 797 13 the the DT 34823 797 14 amount amount NN 34823 797 15 of of IN 34823 797 16 any any DT 34823 797 17 one one CD 34823 797 18 of of IN 34823 797 19 the the DT 34823 797 20 items item NNS 34823 797 21 in in IN 34823 797 22 this this DT 34823 797 23 heterogeneous heterogeneous JJ 34823 797 24 composite composite JJ 34823 797 25 need need NN 34823 797 26 not not RB 34823 797 27 increase increase VB 34823 797 28 the the DT 34823 797 29 " " `` 34823 797 30 demand demand NN 34823 797 31 " " '' 34823 797 32 for for IN 34823 797 33 money money NN 34823 797 34 , , , 34823 797 35 in in IN 34823 797 36 the the DT 34823 797 37 sense sense NN 34823 797 38 that that IN 34823 797 39 it -PRON- PRP 34823 797 40 increases increase VBZ 34823 797 41 the the DT 34823 797 42 " " `` 34823 797 43 pull pull NN 34823 797 44 " " '' 34823 797 45 on on IN 34823 797 46 money money NN 34823 797 47 , , , 34823 797 48 or or CC 34823 797 49 tends tend VBZ 34823 797 50 to to TO 34823 797 51 increase increase VB 34823 797 52 the the DT 34823 797 53 supply supply NN 34823 797 54 of of IN 34823 797 55 money money NN 34823 797 56 . . . 34823 798 1 Yet yet RB 34823 798 2 , , , 34823 798 3 under under IN 34823 798 4 the the DT 34823 798 5 general general JJ 34823 798 6 doctrine doctrine NN 34823 798 7 of of IN 34823 798 8 supply supply NN 34823 798 9 and and CC 34823 798 10 demand demand NN 34823 798 11 , , , 34823 798 12 an an DT 34823 798 13 increase increase NN 34823 798 14 in in IN 34823 798 15 demand demand NN 34823 798 16 should should MD 34823 798 17 be be VB 34823 798 18 a a DT 34823 798 19 stimulus stimulus NN 34823 798 20 to to TO 34823 798 21 increase increase VB 34823 798 22 in in IN 34823 798 23 supply supply NN 34823 798 24 . . . 34823 799 1 Indeed indeed RB 34823 799 2 , , , 34823 799 3 it -PRON- PRP 34823 799 4 is be VBZ 34823 799 5 easy easy JJ 34823 799 6 to to TO 34823 799 7 construct construct VB 34823 799 8 a a DT 34823 799 9 case case NN 34823 799 10 where where WRB 34823 799 11 an an DT 34823 799 12 increase increase NN 34823 799 13 in in IN 34823 799 14 the the DT 34823 799 15 quantity quantity NN 34823 799 16 of of IN 34823 799 17 one one CD 34823 799 18 of of IN 34823 799 19 the the DT 34823 799 20 items item NNS 34823 799 21 in in IN 34823 799 22 this this DT 34823 799 23 composite composite NN 34823 799 24 , , , 34823 799 25 the the DT 34823 799 26 others other NNS 34823 799 27 remaining remain VBG 34823 799 28 unchanged unchanged JJ 34823 799 29 , , , 34823 799 30 would would MD 34823 799 31 actually actually RB 34823 799 32 tend tend VB 34823 799 33 to to TO 34823 799 34 _ _ NNP 34823 799 35 repel repel NNP 34823 799 36 _ _ NNP 34823 799 37 money money NN 34823 799 38 , , , 34823 799 39 to to TO 34823 799 40 reduce reduce VB 34823 799 41 the the DT 34823 799 42 _ _ NNP 34823 799 43 supply supply NN 34823 799 44 _ _ NNP 34823 799 45 of of IN 34823 799 46 money money NN 34823 799 47 . . . 34823 800 1 Suppose suppose VB 34823 800 2 that that IN 34823 800 3 one one CD 34823 800 4 item item NN 34823 800 5 in in IN 34823 800 6 America America NNP 34823 800 7 's 's POS 34823 800 8 stock stock NN 34823 800 9 of of IN 34823 800 10 goods good NNS 34823 800 11 , , , 34823 800 12 say say VBP 34823 800 13 cotton cotton NN 34823 800 14 , , , 34823 800 15 is be VBZ 34823 800 16 much much RB 34823 800 17 increased increase VBN 34823 800 18 in in IN 34823 800 19 quantity quantity NN 34823 800 20 , , , 34823 800 21 and and CC 34823 800 22 suppose suppose VB 34823 800 23 that that DT 34823 800 24 cotton cotton NN 34823 800 25 has have VBZ 34823 800 26 a a DT 34823 800 27 highly highly RB 34823 800 28 inelastic inelastic JJ 34823 800 29 demand demand NN 34823 800 30 - - HYPH 34823 800 31 curve curve NN 34823 800 32 , , , 34823 800 33 so so IN 34823 800 34 that that IN 34823 800 35 the the DT 34823 800 36 increased increase VBN 34823 800 37 quantity quantity NN 34823 800 38 sells sell VBZ 34823 800 39 for for IN 34823 800 40 less less JJR 34823 800 41 money money NN 34823 800 42 than than IN 34823 800 43 the the DT 34823 800 44 original original JJ 34823 800 45 quantity quantity NN 34823 800 46 . . . 34823 801 1 [ [ -LRB- 34823 801 2 51 51 CD 34823 801 3 ] ] -RRB- 34823 801 4 Suppose suppose VB 34823 801 5 , , , 34823 801 6 too too RB 34823 801 7 , , , 34823 801 8 that that DT 34823 801 9 cotton cotton NN 34823 801 10 is be VBZ 34823 801 11 our -PRON- PRP$ 34823 801 12 chief chief JJ 34823 801 13 article article NN 34823 801 14 of of IN 34823 801 15 export export NN 34823 801 16 , , , 34823 801 17 and and CC 34823 801 18 that that IN 34823 801 19 the the DT 34823 801 20 bulk bulk NN 34823 801 21 of of IN 34823 801 22 our -PRON- PRP$ 34823 801 23 cotton cotton NN 34823 801 24 is be VBZ 34823 801 25 exported export VBN 34823 801 26 . . . 34823 802 1 Would Would MD 34823 802 2 not not RB 34823 802 3 the the DT 34823 802 4 " " `` 34823 802 5 balance balance NN 34823 802 6 of of IN 34823 802 7 trade trade NN 34823 802 8 " " '' 34823 802 9 tend tend VB 34823 802 10 to to TO 34823 802 11 turn turn VB 34823 802 12 against against IN 34823 802 13 us -PRON- PRP 34823 802 14 , , , 34823 802 15 so so IN 34823 802 16 that that IN 34823 802 17 gold gold NN 34823 802 18 would would MD 34823 802 19 tend tend VB 34823 802 20 to to TO 34823 802 21 leave leave VB 34823 802 22 the the DT 34823 802 23 country country NN 34823 802 24 , , , 34823 802 25 and and CC 34823 802 26 the the DT 34823 802 27 supply supply NN 34823 802 28 of of IN 34823 802 29 money money NN 34823 802 30 be be VB 34823 802 31 reduced reduce VBN 34823 802 32 ? ? . 34823 803 1 There there EX 34823 803 2 is be VBZ 34823 803 3 nothing nothing NN 34823 803 4 in in IN 34823 803 5 the the DT 34823 803 6 situation situation NN 34823 803 7 assumed assume VBN 34823 803 8 to to TO 34823 803 9 raise raise VB 34823 803 10 the the DT 34823 803 11 prices price NNS 34823 803 12 of of IN 34823 803 13 other other JJ 34823 803 14 goods,[52 goods,[52 CD 34823 803 15 ] ] -RRB- 34823 803 16 so so IN 34823 803 17 that that IN 34823 803 18 they -PRON- PRP 34823 803 19 could could MD 34823 803 20 exert exert VB 34823 803 21 a a DT 34823 803 22 counteracting counteracting NN 34823 803 23 " " `` 34823 803 24 pull pull NN 34823 803 25 " " '' 34823 803 26 on on IN 34823 803 27 money money NN 34823 803 28 . . . 34823 804 1 Europeans Europeans NNPS 34823 804 2 , , , 34823 804 3 to to TO 34823 804 4 be be VB 34823 804 5 sure sure JJ 34823 804 6 , , , 34823 804 7 having have VBG 34823 804 8 less less JJR 34823 804 9 to to TO 34823 804 10 pay pay VB 34823 804 11 for for IN 34823 804 12 cotton cotton NN 34823 804 13 , , , 34823 804 14 could could MD 34823 804 15 demand demand VB 34823 804 16 more more JJR 34823 804 17 of of IN 34823 804 18 other other JJ 34823 804 19 things thing NNS 34823 804 20 , , , 34823 804 21 and and CC 34823 804 22 Americans Americans NNPS 34823 804 23 paying pay VBG 34823 804 24 less less JJR 34823 804 25 for for IN 34823 804 26 cotton cotton NN 34823 804 27 could could MD 34823 804 28 demand demand VB 34823 804 29 more more JJR 34823 804 30 of of IN 34823 804 31 other other JJ 34823 804 32 things thing NNS 34823 804 33 . . . 34823 805 1 But but CC 34823 805 2 , , , 34823 805 3 on on IN 34823 805 4 the the DT 34823 805 5 other other JJ 34823 805 6 hand hand NN 34823 805 7 , , , 34823 805 8 American american JJ 34823 805 9 producers producer NNS 34823 805 10 of of IN 34823 805 11 cotton cotton NN 34823 805 12 , , , 34823 805 13 receiving receive VBG 34823 805 14 less less RBR 34823 805 15 for for IN 34823 805 16 their -PRON- PRP$ 34823 805 17 cotton cotton NN 34823 805 18 -- -- : 34823 805 19 receiving receive VBG 34823 805 20 precisely precisely RB 34823 805 21 as as RB 34823 805 22 much much RB 34823 805 23 less less JJR 34823 805 24 as as IN 34823 805 25 the the DT 34823 805 26 others other NNS 34823 805 27 had have VBD 34823 805 28 more more JJR 34823 805 29 -- -- : 34823 805 30 could could MD 34823 805 31 then then RB 34823 805 32 demand demand VB 34823 805 33 less less JJR 34823 805 34 of of IN 34823 805 35 other other JJ 34823 805 36 things thing NNS 34823 805 37 , , , 34823 805 38 exactly exactly RB 34823 805 39 as as RB 34823 805 40 much much RB 34823 805 41 less less JJR 34823 805 42 as as IN 34823 805 43 the the DT 34823 805 44 others other NNS 34823 805 45 are be VBP 34823 805 46 able able JJ 34823 805 47 to to TO 34823 805 48 demand demand VB 34823 805 49 more more JJR 34823 805 50 . . . 34823 806 1 The the DT 34823 806 2 original original JJ 34823 806 3 tendency tendency NN 34823 806 4 for for IN 34823 806 5 gold gold NN 34823 806 6 to to TO 34823 806 7 leave leave VB 34823 806 8 the the DT 34823 806 9 country country NN 34823 806 10 , , , 34823 806 11 and and CC 34823 806 12 the the DT 34823 806 13 tendency tendency NN 34823 806 14 for for IN 34823 806 15 gold gold NN 34823 806 16 to to TO 34823 806 17 leave leave VB 34823 806 18 the the DT 34823 806 19 money money NN 34823 806 20 - - HYPH 34823 806 21 form form NN 34823 806 22 and and CC 34823 806 23 be be VB 34823 806 24 used use VBN 34823 806 25 in in IN 34823 806 26 the the DT 34823 806 27 arts art NNS 34823 806 28 , , , 34823 806 29 would would MD 34823 806 30 remain remain VB 34823 806 31 unneutralized unneutralized JJ 34823 806 32 . . . 34823 807 1 An an DT 34823 807 2 " " `` 34823 807 3 increase increase NN 34823 807 4 of of IN 34823 807 5 demand demand NN 34823 807 6 for for IN 34823 807 7 money money NN 34823 807 8 , , , 34823 807 9 " " '' 34823 807 10 in in IN 34823 807 11 Mill Mill NNP 34823 807 12 's 's POS 34823 807 13 sense sense NN 34823 807 14 , , , 34823 807 15 would would MD 34823 807 16 in in IN 34823 807 17 this this DT 34823 807 18 case case NN 34823 807 19 present present VB 34823 807 20 the the DT 34823 807 21 remarkable remarkable JJ 34823 807 22 phenomenon phenomenon NN 34823 807 23 of of IN 34823 807 24 driving drive VBG 34823 807 25 money money NN 34823 807 26 away away RB 34823 807 27 . . . 34823 808 1 Physical physical JJ 34823 808 2 quantities quantity NNS 34823 808 3 are be VBP 34823 808 4 irrelevant irrelevant JJ 34823 808 5 . . . 34823 809 1 Psychological psychological JJ 34823 809 2 significances significance NNS 34823 809 3 are be VBP 34823 809 4 what what WDT 34823 809 5 count count NN 34823 809 6 . . . 34823 810 1 It -PRON- PRP 34823 810 2 is be VBZ 34823 810 3 interesting interesting JJ 34823 810 4 to to TO 34823 810 5 note note VB 34823 810 6 , , , 34823 810 7 in in IN 34823 810 8 this this DT 34823 810 9 connection connection NN 34823 810 10 , , , 34823 810 11 that that IN 34823 810 12 some some DT 34823 810 13 striking striking JJ 34823 810 14 contradictions contradiction NNS 34823 810 15 in in IN 34823 810 16 quantity quantity NN 34823 810 17 theory theory NN 34823 810 18 reasoning reason VBG 34823 810 19 on on IN 34823 810 20 any any DT 34823 810 21 formulation formulation NN 34823 810 22 , , , 34823 810 23 whether whether IN 34823 810 24 connected connect VBN 34823 810 25 with with IN 34823 810 26 the the DT 34823 810 27 notions notion NNS 34823 810 28 of of IN 34823 810 29 supply supply NN 34823 810 30 and and CC 34823 810 31 demand demand NN 34823 810 32 or or CC 34823 810 33 not not RB 34823 810 34 , , , 34823 810 35 are be VBP 34823 810 36 involved involve VBN 34823 810 37 in in IN 34823 810 38 this this DT 34823 810 39 hypothesis hypothesis NN 34823 810 40 . . . 34823 811 1 The the DT 34823 811 2 illustration illustration NN 34823 811 3 above above RB 34823 811 4 gives give VBZ 34823 811 5 a a DT 34823 811 6 case case NN 34823 811 7 where where WRB 34823 811 8 a a DT 34823 811 9 lowered lower VBN 34823 811 10 price price NN 34823 811 11 level level NN 34823 811 12 leads lead VBZ 34823 811 13 money money NN 34823 811 14 to to TO 34823 811 15 flow flow VB 34823 811 16 away away RB 34823 811 17 from from IN 34823 811 18 your -PRON- PRP$ 34823 811 19 country country NN 34823 811 20 . . . 34823 812 1 But but CC 34823 812 2 , , , 34823 812 3 on on IN 34823 812 4 the the DT 34823 812 5 quantity quantity NN 34823 812 6 theory theory NN 34823 812 7 explanation explanation NN 34823 812 8 of of IN 34823 812 9 foreign foreign JJ 34823 812 10 exchange exchange NN 34823 812 11 , , , 34823 812 12 it -PRON- PRP 34823 812 13 is be VBZ 34823 812 14 _ _ NNP 34823 812 15 rising rise VBG 34823 812 16 _ _ NNP 34823 812 17 price price NN 34823 812 18 levels level NNS 34823 812 19 which which WDT 34823 812 20 drive drive VBP 34823 812 21 gold gold NN 34823 812 22 away away RB 34823 812 23 , , , 34823 812 24 and and CC 34823 812 25 _ _ NNP 34823 812 26 falling fall VBG 34823 812 27 _ _ NNP 34823 812 28 price price NN 34823 812 29 levels level NNS 34823 812 30 which which WDT 34823 812 31 attract attract VBP 34823 812 32 gold gold NN 34823 812 33 ! ! . 34823 813 1 [ [ -LRB- 34823 813 2 53 53 CD 34823 813 3 ] ] -RRB- 34823 813 4 Mill Mill NNP 34823 813 5 's 's POS 34823 813 6 effort effort NN 34823 813 7 to to TO 34823 813 8 apply apply VB 34823 813 9 the the DT 34823 813 10 notion notion NN 34823 813 11 of of IN 34823 813 12 demand demand NN 34823 813 13 and and CC 34823 813 14 supply supply NN 34823 813 15 to to IN 34823 813 16 the the DT 34823 813 17 value value NN 34823 813 18 of of IN 34823 813 19 money money NN 34823 813 20 is be VBZ 34823 813 21 , , , 34823 813 22 then then RB 34823 813 23 , , , 34823 813 24 ( ( -LRB- 34823 813 25 1 1 LS 34823 813 26 ) ) -RRB- 34823 813 27 not not RB 34823 813 28 an an DT 34823 813 29 application application NN 34823 813 30 of of IN 34823 813 31 his -PRON- PRP$ 34823 813 32 formal formal JJ 34823 813 33 doctrine doctrine NN 34823 813 34 of of IN 34823 813 35 supply supply NN 34823 813 36 and and CC 34823 813 37 demand demand NN 34823 813 38 , , , 34823 813 39 and and CC 34823 813 40 ( ( -LRB- 34823 813 41 2 2 CD 34823 813 42 ) ) -RRB- 34823 813 43 , , , 34823 813 44 is be VBZ 34823 813 45 a a DT 34823 813 46 failure failure NN 34823 813 47 , , , 34823 813 48 leads lead VBZ 34823 813 49 to to IN 34823 813 50 results result NNS 34823 813 51 contradictory contradictory JJ 34823 813 52 to to IN 34823 813 53 the the DT 34823 813 54 general general JJ 34823 813 55 law law NN 34823 813 56 of of IN 34823 813 57 supply supply NN 34823 813 58 and and CC 34823 813 59 demand demand NN 34823 813 60 , , , 34823 813 61 as as RB 34823 813 62 soon soon RB 34823 813 63 as as IN 34823 813 64 we -PRON- PRP 34823 813 65 take take VBP 34823 813 66 account account NN 34823 813 67 of of IN 34823 813 68 the the DT 34823 813 69 peculiarities peculiarity NNS 34823 813 70 of of IN 34823 813 71 individual individual JJ 34823 813 72 commodities commodity NNS 34823 813 73 , , , 34823 813 74 and and CC 34823 813 75 cease cease VB 34823 813 76 to to TO 34823 813 77 look look VB 34823 813 78 at at IN 34823 813 79 commodities commodity NNS 34823 813 80 in in IN 34823 813 81 one one CD 34823 813 82 huge huge JJ 34823 813 83 lump lump NN 34823 813 84 . . . 34823 814 1 Psychological psychological JJ 34823 814 2 forces force NNS 34823 814 3 , , , 34823 814 4 rather rather RB 34823 814 5 than than IN 34823 814 6 physical physical JJ 34823 814 7 quantities quantity NNS 34823 814 8 , , , 34823 814 9 are be VBP 34823 814 10 what what WDT 34823 814 11 count count NN 34823 814 12 . . . 34823 815 1 Whether whether IN 34823 815 2 or or CC 34823 815 3 not not RB 34823 815 4 the the DT 34823 815 5 supply supply NN 34823 815 6 and and CC 34823 815 7 demand demand VB 34823 815 8 notion notion NN 34823 815 9 of of IN 34823 815 10 Cairnes Cairnes NNPS 34823 815 11 , , , 34823 815 12 reinterpreted reinterpret VBN 34823 815 13 by by IN 34823 815 14 putting put VBG 34823 815 15 a a DT 34823 815 16 quantitative quantitative JJ 34823 815 17 value value NN 34823 815 18 concept concept NN 34823 815 19 into into IN 34823 815 20 it -PRON- PRP 34823 815 21 , , , 34823 815 22 could could MD 34823 815 23 serve serve VB 34823 815 24 as as IN 34823 815 25 a a DT 34823 815 26 means means NN 34823 815 27 of of IN 34823 815 28 approach approach NN 34823 815 29 to to IN 34823 815 30 the the DT 34823 815 31 value value NN 34823 815 32 of of IN 34823 815 33 money money NN 34823 815 34 , , , 34823 815 35 I -PRON- PRP 34823 815 36 shall shall MD 34823 815 37 not not RB 34823 815 38 here here RB 34823 815 39 argue argue VB 34823 815 40 . . . 34823 816 1 No no DT 34823 816 2 one one NN 34823 816 3 so so RB 34823 816 4 far far RB 34823 816 5 as as IN 34823 816 6 I -PRON- PRP 34823 816 7 know know VBP 34823 816 8 has have VBZ 34823 816 9 attempted attempt VBN 34823 816 10 to to TO 34823 816 11 do do VB 34823 816 12 the the DT 34823 816 13 thing thing NN 34823 816 14 that that DT 34823 816 15 way way NN 34823 816 16 , , , 34823 816 17 and and CC 34823 816 18 my -PRON- PRP$ 34823 816 19 own own JJ 34823 816 20 theory theory NN 34823 816 21 is be VBZ 34823 816 22 best well RBS 34823 816 23 developed develop VBN 34823 816 24 by by IN 34823 816 25 another another DT 34823 816 26 method method NN 34823 816 27 . . . 34823 817 1 It -PRON- PRP 34823 817 2 is be VBZ 34823 817 3 interesting interesting JJ 34823 817 4 to to TO 34823 817 5 note note VB 34823 817 6 , , , 34823 817 7 however however RB 34823 817 8 , , , 34823 817 9 another another DT 34823 817 10 somewhat somewhat RB 34823 817 11 different different JJ 34823 817 12 effort effort NN 34823 817 13 to to TO 34823 817 14 apply apply VB 34823 817 15 the the DT 34823 817 16 supply supply NN 34823 817 17 and and CC 34823 817 18 demand demand NN 34823 817 19 formula formula NN 34823 817 20 . . . 34823 818 1 General General NNP 34823 818 2 Walker Walker NNP 34823 818 3 does do VBZ 34823 818 4 so so RB 34823 818 5 , , , 34823 818 6 including include VBG 34823 818 7 among among IN 34823 818 8 the the DT 34823 818 9 factors factor NNS 34823 818 10 determining determine VBG 34823 818 11 the the DT 34823 818 12 demand demand NN 34823 818 13 for for IN 34823 818 14 money money NN 34823 818 15 , , , 34823 818 16 not not RB 34823 818 17 only only RB 34823 818 18 the the DT 34823 818 19 quantity quantity NN 34823 818 20 of of IN 34823 818 21 goods good NNS 34823 818 22 to to TO 34823 818 23 be be VB 34823 818 24 exchanged exchange VBN 34823 818 25 , , , 34823 818 26 but but CC 34823 818 27 also also RB 34823 818 28 the the DT 34823 818 29 _ _ NNP 34823 818 30 prices_[54 prices_[54 NN 34823 818 31 ] ] -RRB- 34823 818 32 prevailing prevail VBG 34823 818 33 . . . 34823 819 1 Since since IN 34823 819 2 by by IN 34823 819 3 value value NN 34823 819 4 of of IN 34823 819 5 money money NN 34823 819 6 Walker Walker NNP 34823 819 7 means mean VBZ 34823 819 8 merely merely RB 34823 819 9 the the DT 34823 819 10 reciprocal reciprocal NN 34823 819 11 of of IN 34823 819 12 the the DT 34823 819 13 price price NN 34823 819 14 - - HYPH 34823 819 15 level level NN 34823 819 16 , , , 34823 819 17 this this DT 34823 819 18 is be VBZ 34823 819 19 the the DT 34823 819 20 clearest clear JJS 34823 819 21 possible possible JJ 34823 819 22 case case NN 34823 819 23 of of IN 34823 819 24 a a DT 34823 819 25 vicious vicious JJ 34823 819 26 circle circle NN 34823 819 27 . . . 34823 820 1 It -PRON- PRP 34823 820 2 would would MD 34823 820 3 be be VB 34823 820 4 a a DT 34823 820 5 circle circle NN 34823 820 6 even even RB 34823 820 7 if if IN 34823 820 8 he -PRON- PRP 34823 820 9 were be VBD 34823 820 10 trying try VBG 34823 820 11 to to TO 34823 820 12 explain explain VB 34823 820 13 the the DT 34823 820 14 absolute absolute JJ 34823 820 15 value value NN 34823 820 16 of of IN 34823 820 17 money money NN 34823 820 18 , , , 34823 820 19 as as IN 34823 820 20 distinguished distinguish VBN 34823 820 21 from from IN 34823 820 22 the the DT 34823 820 23 reciprocal reciprocal NN 34823 820 24 of of IN 34823 820 25 the the DT 34823 820 26 price price NN 34823 820 27 - - HYPH 34823 820 28 level level NN 34823 820 29 , , , 34823 820 30 since since IN 34823 820 31 the the DT 34823 820 32 former former JJ 34823 820 33 is be VBZ 34823 820 34 one one CD 34823 820 35 of of IN 34823 820 36 the the DT 34823 820 37 determinants determinant NNS 34823 820 38 of of IN 34823 820 39 the the DT 34823 820 40 latter latter JJ 34823 820 41 . . . 34823 821 1 Value value NN 34823 821 2 of of IN 34823 821 3 money money NN 34823 821 4 and and CC 34823 821 5 values value NNS 34823 821 6 of of IN 34823 821 7 goods good NNS 34823 821 8 determine determine NN 34823 821 9 prices price NNS 34823 821 10 ; ; : 34823 821 11 prices price NNS 34823 821 12 and and CC 34823 821 13 quantity quantity NN 34823 821 14 of of IN 34823 821 15 goods good NNS 34823 821 16 determine determine VBP 34823 821 17 demand demand NN 34823 821 18 for for IN 34823 821 19 money money NN 34823 821 20 ; ; : 34823 821 21 demand demand NN 34823 821 22 and and CC 34823 821 23 supply supply NN 34823 821 24 of of IN 34823 821 25 money money NN 34823 821 26 determine determine NN 34823 821 27 value value NN 34823 821 28 of of IN 34823 821 29 money,--a money,--a NNP 34823 821 30 hopeless hopeless JJ 34823 821 31 circle circle NN 34823 821 32 . . . 34823 822 1 I -PRON- PRP 34823 822 2 know know VBP 34823 822 3 no no DT 34823 822 4 sense sense NN 34823 822 5 in in IN 34823 822 6 which which WDT 34823 822 7 the the DT 34823 822 8 terms term NNS 34823 822 9 , , , 34823 822 10 demand demand NN 34823 822 11 and and CC 34823 822 12 supply supply NN 34823 822 13 of of IN 34823 822 14 money money NN 34823 822 15 , , , 34823 822 16 can can MD 34823 822 17 have have VB 34823 822 18 relevance relevance NN 34823 822 19 to to IN 34823 822 20 the the DT 34823 822 21 problem problem NN 34823 822 22 of of IN 34823 822 23 the the DT 34823 822 24 value value NN 34823 822 25 of of IN 34823 822 26 money money NN 34823 822 27 . . . 34823 823 1 There there EX 34823 823 2 is be VBZ 34823 823 3 one one CD 34823 823 4 sense sense NN 34823 823 5 in in IN 34823 823 6 which which WDT 34823 823 7 the the DT 34823 823 8 terms term NNS 34823 823 9 can can MD 34823 823 10 be be VB 34823 823 11 used use VBN 34823 823 12 which which WDT 34823 823 13 fits fit VBZ 34823 823 14 in in RP 34823 823 15 with with IN 34823 823 16 the the DT 34823 823 17 modern modern JJ 34823 823 18 supply supply NN 34823 823 19 and and CC 34823 823 20 demand demand NN 34823 823 21 - - HYPH 34823 823 22 curves curve NNS 34823 823 23 , , , 34823 823 24 and and CC 34823 823 25 that that DT 34823 823 26 is be VBZ 34823 823 27 the the DT 34823 823 28 sense sense NN 34823 823 29 in in IN 34823 823 30 which which WDT 34823 823 31 they -PRON- PRP 34823 823 32 are be VBP 34823 823 33 used use VBN 34823 823 34 in in IN 34823 823 35 the the DT 34823 823 36 money money NN 34823 823 37 market market NN 34823 823 38 . . . 34823 824 1 Demand demand NN 34823 824 2 for for IN 34823 824 3 money money NN 34823 824 4 comes come VBZ 34823 824 5 from from IN 34823 824 6 borrowers borrower NNS 34823 824 7 ; ; : 34823 824 8 supply supply NN 34823 824 9 of of IN 34823 824 10 money money NN 34823 824 11 from from IN 34823 824 12 lenders lender NNS 34823 824 13 . . . 34823 825 1 The the DT 34823 825 2 price price NN 34823 825 3 paid pay VBN 34823 825 4 is be VBZ 34823 825 5 a a DT 34823 825 6 money money NN 34823 825 7 - - HYPH 34823 825 8 price price NN 34823 825 9 , , , 34823 825 10 the the DT 34823 825 11 curves curve NNS 34823 825 12 express express VBP 34823 825 13 the the DT 34823 825 14 short short JJ 34823 825 15 time time NN 34823 825 16 money money NN 34823 825 17 - - HYPH 34823 825 18 rates rate NNS 34823 825 19 , , , 34823 825 20 the the DT 34823 825 21 rental rental NN 34823 825 22 of of IN 34823 825 23 money money NN 34823 825 24 , , , 34823 825 25 in in IN 34823 825 26 terms term NNS 34823 825 27 of of IN 34823 825 28 money money NN 34823 825 29 , , , 34823 825 30 for for IN 34823 825 31 stated stated JJ 34823 825 32 periods period NNS 34823 825 33 of of IN 34823 825 34 time time NN 34823 825 35 . . . 34823 826 1 There there EX 34823 826 2 is be VBZ 34823 826 3 a a DT 34823 826 4 relation relation NN 34823 826 5 , , , 34823 826 6 later later RB 34823 826 7 to to TO 34823 826 8 be be VB 34823 826 9 investigated investigate VBN 34823 826 10 , , , 34823 826 11 between between IN 34823 826 12 the the DT 34823 826 13 rental rental NN 34823 826 14 of of IN 34823 826 15 money money NN 34823 826 16 , , , 34823 826 17 the the DT 34823 826 18 money money NN 34823 826 19 - - HYPH 34823 826 20 rate rate NN 34823 826 21 , , , 34823 826 22 and and CC 34823 826 23 the the DT 34823 826 24 value value NN 34823 826 25 of of IN 34823 826 26 money money NN 34823 826 27 , , , 34823 826 28 but but CC 34823 826 29 the the DT 34823 826 30 two two CD 34823 826 31 are be VBP 34823 826 32 in in IN 34823 826 33 no no DT 34823 826 34 sense sense NN 34823 826 35 the the DT 34823 826 36 same same JJ 34823 826 37 . . . 34823 827 1 It -PRON- PRP 34823 827 2 should should MD 34823 827 3 be be VB 34823 827 4 noted note VBN 34823 827 5 , , , 34823 827 6 too too RB 34823 827 7 , , , 34823 827 8 that that IN 34823 827 9 we -PRON- PRP 34823 827 10 are be VBP 34823 827 11 here here RB 34823 827 12 concerned concerned JJ 34823 827 13 with with IN 34823 827 14 " " `` 34823 827 15 money money NN 34823 827 16 - - HYPH 34823 827 17 funds fund NNS 34823 827 18 " " '' 34823 827 19 rather rather RB 34823 827 20 than than IN 34823 827 21 with with IN 34823 827 22 money money NN 34823 827 23 in in IN 34823 827 24 the the DT 34823 827 25 strict strict JJ 34823 827 26 sense,--distinctions sense,--distinction NNS 34823 827 27 and and CC 34823 827 28 relations relation NNS 34823 827 29 in in IN 34823 827 30 this this DT 34823 827 31 connection connection NN 34823 827 32 properly properly RB 34823 827 33 belong belong VBP 34823 827 34 at at IN 34823 827 35 another another DT 34823 827 36 stage stage NN 34823 827 37 of of IN 34823 827 38 our -PRON- PRP$ 34823 827 39 inquiry inquiry NN 34823 827 40 . . . 34823 828 1 Whenever whenever WRB 34823 828 2 the the DT 34823 828 3 terms term NNS 34823 828 4 , , , 34823 828 5 demand demand NN 34823 828 6 and and CC 34823 828 7 supply supply NN 34823 828 8 of of IN 34823 828 9 money money NN 34823 828 10 , , , 34823 828 11 appear appear VB 34823 828 12 in in IN 34823 828 13 the the DT 34823 828 14 following follow VBG 34823 828 15 pages page NNS 34823 828 16 , , , 34823 828 17 they -PRON- PRP 34823 828 18 will will MD 34823 828 19 be be VB 34823 828 20 used use VBN 34823 828 21 in in IN 34823 828 22 the the DT 34823 828 23 sense sense NN 34823 828 24 developed develop VBN 34823 828 25 in in IN 34823 828 26 this this DT 34823 828 27 paragraph paragraph NN 34823 828 28 . . . 34823 829 1 Demand demand NN 34823 829 2 and and CC 34823 829 3 supply supply NN 34823 829 4 are be VBP 34823 829 5 superficial superficial JJ 34823 829 6 formulæ formulæ NN 34823 829 7 . . . 34823 830 1 They -PRON- PRP 34823 830 2 can can MD 34823 830 3 not not RB 34823 830 4 touch touch VB 34823 830 5 a a DT 34823 830 6 problem problem NN 34823 830 7 so so RB 34823 830 8 fundamental fundamental JJ 34823 830 9 as as IN 34823 830 10 that that DT 34823 830 11 of of IN 34823 830 12 the the DT 34823 830 13 value value NN 34823 830 14 of of IN 34823 830 15 money money NN 34823 830 16 . . . 34823 831 1 CHAPTER chapter NN 34823 831 2 III iii CD 34823 831 3 COST COST NNS 34823 831 4 OF of IN 34823 831 5 PRODUCTION production NN 34823 831 6 AND and CC 34823 831 7 THE the DT 34823 831 8 VALUE value NN 34823 831 9 OF of IN 34823 831 10 MONEY money NN 34823 831 11 When when WRB 34823 831 12 the the DT 34823 831 13 cost cost NN 34823 831 14 theory theory NN 34823 831 15 was be VBD 34823 831 16 a a DT 34823 831 17 labor labor NN 34823 831 18 theory theory NN 34823 831 19 , , , 34823 831 20 as as IN 34823 831 21 with with IN 34823 831 22 Ricardo Ricardo NNP 34823 831 23 , , , 34823 831 24 the the DT 34823 831 25 expression expression NN 34823 831 26 , , , 34823 831 27 cost cost NN 34823 831 28 of of IN 34823 831 29 production production NN 34823 831 30 of of IN 34823 831 31 money money NN 34823 831 32 , , , 34823 831 33 could could MD 34823 831 34 have have VB 34823 831 35 a a DT 34823 831 36 definite definite JJ 34823 831 37 meaning meaning NN 34823 831 38 . . . 34823 832 1 It -PRON- PRP 34823 832 2 meant mean VBD 34823 832 3 the the DT 34823 832 4 labor labor NN 34823 832 5 - - HYPH 34823 832 6 cost cost NN 34823 832 7 of of IN 34823 832 8 producing produce VBG 34823 832 9 the the DT 34823 832 10 money money NN 34823 832 11 metal metal NN 34823 832 12 . . . 34823 833 1 Even even RB 34823 833 2 in in IN 34823 833 3 this this DT 34823 833 4 form form NN 34823 833 5 , , , 34823 833 6 it -PRON- PRP 34823 833 7 is be VBZ 34823 833 8 recognized recognize VBN 34823 833 9 that that DT 34823 833 10 cost cost NN 34823 833 11 of of IN 34823 833 12 production production NN 34823 833 13 has have VBZ 34823 833 14 a a DT 34823 833 15 looser loose JJR 34823 833 16 connection connection NN 34823 833 17 with with IN 34823 833 18 value value NN 34823 833 19 in in IN 34823 833 20 the the DT 34823 833 21 case case NN 34823 833 22 of of IN 34823 833 23 money money NN 34823 833 24 than than IN 34823 833 25 in in IN 34823 833 26 the the DT 34823 833 27 case case NN 34823 833 28 of of IN 34823 833 29 most most JJS 34823 833 30 commodities commodity NNS 34823 833 31 , , , 34823 833 32 because because IN 34823 833 33 the the DT 34823 833 34 supply supply NN 34823 833 35 of of IN 34823 833 36 money money NN 34823 833 37 metal metal NN 34823 833 38 is be VBZ 34823 833 39 large large JJ 34823 833 40 and and CC 34823 833 41 durable durable JJ 34823 833 42 , , , 34823 833 43 and and CC 34823 833 44 the the DT 34823 833 45 annual annual JJ 34823 833 46 production production NN 34823 833 47 affects affect VBZ 34823 833 48 it -PRON- PRP 34823 833 49 slowly slowly RB 34823 833 50 . . . 34823 834 1 But but CC 34823 834 2 cost cost NN 34823 834 3 of of IN 34823 834 4 production production NN 34823 834 5 theories theory NNS 34823 834 6 , , , 34823 834 7 in in IN 34823 834 8 the the DT 34823 834 9 form form NN 34823 834 10 of of IN 34823 834 11 labor labor NN 34823 834 12 theories theory NNS 34823 834 13 , , , 34823 834 14 or or CC 34823 834 15 labor labor NN 34823 834 16 - - HYPH 34823 834 17 abstinence abstinence NN 34823 834 18 - - HYPH 34823 834 19 risk risk NN 34823 834 20 theories theory NNS 34823 834 21 , , , 34823 834 22 have have VBP 34823 834 23 little little JJ 34823 834 24 standing standing NN 34823 834 25 in in IN 34823 834 26 modern modern JJ 34823 834 27 economic economic JJ 34823 834 28 theory theory NN 34823 834 29 . . . 34823 835 1 Ricardo Ricardo NNP 34823 835 2 himself -PRON- PRP 34823 835 3 saw see VBD 34823 835 4 the the DT 34823 835 5 break break NN 34823 835 6 - - HYPH 34823 835 7 down down NN 34823 835 8 of of IN 34823 835 9 the the DT 34823 835 10 pure pure JJ 34823 835 11 labor labor NN 34823 835 12 theory theory NN 34823 835 13 ; ; : 34823 835 14 and and CC 34823 835 15 Cairnes Cairnes NNPS 34823 835 16 , , , 34823 835 17 Ultimus Ultimus NNP 34823 835 18 Romanorum Romanorum NNP 34823 835 19 , , , 34823 835 20 so so RB 34823 835 21 limited limited JJ 34823 835 22 and and CC 34823 835 23 modified modify VBD 34823 835 24 the the DT 34823 835 25 " " `` 34823 835 26 real real JJ 34823 835 27 costs cost NNS 34823 835 28 " " '' 34823 835 29 doctrine doctrine VBP 34823 835 30 as as IN 34823 835 31 to to TO 34823 835 32 leave leave VB 34823 835 33 little little JJ 34823 835 34 validity validity NN 34823 835 35 in in IN 34823 835 36 it -PRON- PRP 34823 835 37 , , , 34823 835 38 even even RB 34823 835 39 on on IN 34823 835 40 his -PRON- PRP$ 34823 835 41 own own JJ 34823 835 42 showing showing NN 34823 835 43 . . . 34823 836 1 The the DT 34823 836 2 prevalent prevalent JJ 34823 836 3 doctrine doctrine NN 34823 836 4 of of IN 34823 836 5 cost cost NN 34823 836 6 of of IN 34823 836 7 production production NN 34823 836 8 runs run NNS 34823 836 9 in in IN 34823 836 10 terms term NNS 34823 836 11 of of IN 34823 836 12 " " `` 34823 836 13 money money NN 34823 836 14 - - HYPH 34823 836 15 costs"--and costs"--and NN 34823 836 16 hence hence RB 34823 836 17 is be VBZ 34823 836 18 of of IN 34823 836 19 no no DT 34823 836 20 use use NN 34823 836 21 when when WRB 34823 836 22 the the DT 34823 836 23 problem problem NN 34823 836 24 of of IN 34823 836 25 the the DT 34823 836 26 value value NN 34823 836 27 of of IN 34823 836 28 money money NN 34823 836 29 itself -PRON- PRP 34823 836 30 is be VBZ 34823 836 31 to to TO 34823 836 32 be be VB 34823 836 33 solved solve VBN 34823 836 34 . . . 34823 837 1 A a DT 34823 837 2 brief brief JJ 34823 837 3 historical historical JJ 34823 837 4 sketch sketch NN 34823 837 5 of of IN 34823 837 6 the the DT 34823 837 7 cost cost NN 34823 837 8 theory theory NN 34823 837 9 will will MD 34823 837 10 be be VB 34823 837 11 helpful helpful JJ 34823 837 12 . . . 34823 838 1 Costs cost NNS 34823 838 2 are be VBP 34823 838 3 sometimes sometimes RB 34823 838 4 conceived conceive VBN 34823 838 5 as as IN 34823 838 6 a a DT 34823 838 7 cause cause NN 34823 838 8 of of IN 34823 838 9 value value NN 34823 838 10 , , , 34823 838 11 and and CC 34823 838 12 sometimes sometimes RB 34823 838 13 as as IN 34823 838 14 a a DT 34823 838 15 measure measure NN 34823 838 16 of of IN 34823 838 17 value value NN 34823 838 18 . . . 34823 839 1 Often often RB 34823 839 2 these these DT 34823 839 3 two two CD 34823 839 4 aspects aspect NNS 34823 839 5 are be VBP 34823 839 6 mixed mixed JJ 34823 839 7 , , , 34823 839 8 and and CC 34823 839 9 writers writer NNS 34823 839 10 shift shift VBP 34823 839 11 from from IN 34823 839 12 one one CD 34823 839 13 notion notion NN 34823 839 14 to to IN 34823 839 15 the the DT 34823 839 16 other other JJ 34823 839 17 . . . 34823 840 1 This this DT 34823 840 2 is be VBZ 34823 840 3 particularly particularly RB 34823 840 4 true true JJ 34823 840 5 of of IN 34823 840 6 the the DT 34823 840 7 labor labor NN 34823 840 8 theory theory NN 34823 840 9 . . . 34823 841 1 In in IN 34823 841 2 Adam Adam NNP 34823 841 3 Smith Smith NNP 34823 841 4 the the DT 34823 841 5 contention contention NN 34823 841 6 sometimes sometimes RB 34823 841 7 is be VBZ 34823 841 8 that that DT 34823 841 9 labor labor NN 34823 841 10 is be VBZ 34823 841 11 unvarying unvarye VBG 34823 841 12 in in IN 34823 841 13 value value NN 34823 841 14 , , , 34823 841 15 hence hence RB 34823 841 16 an an DT 34823 841 17 admirable admirable JJ 34823 841 18 measure measure NN 34823 841 19 of of IN 34823 841 20 values value NNS 34823 841 21 , , , 34823 841 22 and and CC 34823 841 23 an an DT 34823 841 24 excellent excellent JJ 34823 841 25 standard standard NN 34823 841 26 of of IN 34823 841 27 long long JJ 34823 841 28 - - HYPH 34823 841 29 time time NN 34823 841 30 deferred defer VBN 34823 841 31 payments payment NNS 34823 841 32 . . . 34823 842 1 Smith Smith NNP 34823 842 2 compares compare VBZ 34823 842 3 wheat wheat NN 34823 842 4 and and CC 34823 842 5 silver silver NN 34823 842 6 from from IN 34823 842 7 the the DT 34823 842 8 standpoint standpoint NN 34823 842 9 of of IN 34823 842 10 the the DT 34823 842 11 constancy constancy NN 34823 842 12 of of IN 34823 842 13 their -PRON- PRP$ 34823 842 14 relation relation NN 34823 842 15 to to IN 34823 842 16 labor labor NN 34823 842 17 , , , 34823 842 18 and and CC 34823 842 19 concludes conclude VBZ 34823 842 20 that that DT 34823 842 21 wheat wheat NN 34823 842 22 is be VBZ 34823 842 23 the the DT 34823 842 24 better well JJR 34823 842 25 standard standard NN 34823 842 26 in in IN 34823 842 27 the the DT 34823 842 28 long long JJ 34823 842 29 run run NN 34823 842 30 , , , 34823 842 31 because because IN 34823 842 32 it -PRON- PRP 34823 842 33 remains remain VBZ 34823 842 34 more more RBR 34823 842 35 nearly nearly RB 34823 842 36 fixed fix VBN 34823 842 37 with with IN 34823 842 38 reference reference NN 34823 842 39 to to IN 34823 842 40 labor labor NN 34823 842 41 than than IN 34823 842 42 does do VBZ 34823 842 43 silver silver NN 34823 842 44 . . . 34823 843 1 Sometimes sometimes RB 34823 843 2 Smith Smith NNP 34823 843 3 thinks think VBZ 34823 843 4 of of IN 34823 843 5 labor labor NN 34823 843 6 as as IN 34823 843 7 a a DT 34823 843 8 cause cause NN 34823 843 9 of of IN 34823 843 10 value value NN 34823 843 11 , , , 34823 843 12 and and CC 34823 843 13 thinks think VBZ 34823 843 14 of of IN 34823 843 15 the the DT 34823 843 16 labor labor NN 34823 843 17 that that WDT 34823 843 18 enters enter VBZ 34823 843 19 into into IN 34823 843 20 the the DT 34823 843 21 production production NN 34823 843 22 of of IN 34823 843 23 a a DT 34823 843 24 good good NN 34823 843 25 as as IN 34823 843 26 the the DT 34823 843 27 significant significant JJ 34823 843 28 thing thing NN 34823 843 29 . . . 34823 844 1 At at IN 34823 844 2 other other JJ 34823 844 3 times time NNS 34823 844 4 , , , 34823 844 5 the the DT 34823 844 6 labor labor NN 34823 844 7 that that WDT 34823 844 8 goods good NNS 34823 844 9 will will MD 34823 844 10 command command VB 34823 844 11 or or CC 34823 844 12 purchase purchase VB 34823 844 13 is be VBZ 34823 844 14 the the DT 34823 844 15 significant significant JJ 34823 844 16 thing thing NN 34823 844 17 -- -- : 34823 844 18 and and CC 34823 844 19 here here RB 34823 844 20 one one CD 34823 844 21 is be VBZ 34823 844 22 not not RB 34823 844 23 clear clear JJ 34823 844 24 whether whether IN 34823 844 25 he -PRON- PRP 34823 844 26 thinks think VBZ 34823 844 27 of of IN 34823 844 28 labor labor NN 34823 844 29 as as IN 34823 844 30 a a DT 34823 844 31 cause cause NN 34823 844 32 or or CC 34823 844 33 as as IN 34823 844 34 a a DT 34823 844 35 measure measure NN 34823 844 36 . . . 34823 845 1 Whether whether IN 34823 845 2 labor labor NN 34823 845 3 is be VBZ 34823 845 4 to to TO 34823 845 5 be be VB 34823 845 6 funded fund VBN 34823 845 7 as as IN 34823 845 8 labor labor NN 34823 845 9 - - HYPH 34823 845 10 pain pain NN 34823 845 11 , , , 34823 845 12 or or CC 34823 845 13 as as IN 34823 845 14 labor labor NN 34823 845 15 - - HYPH 34823 845 16 time time NN 34823 845 17 , , , 34823 845 18 Smith Smith NNP 34823 845 19 does do VBZ 34823 845 20 not not RB 34823 845 21 state state VB 34823 845 22 . . . 34823 846 1 Sometimes sometimes RB 34823 846 2 labor labor NN 34823 846 3 seems seem VBZ 34823 846 4 to to TO 34823 846 5 be be VB 34823 846 6 considered consider VBN 34823 846 7 as as RB 34823 846 8 homogeneous homogeneous JJ 34823 846 9 in in IN 34823 846 10 its -PRON- PRP$ 34823 846 11 efficiency efficiency NN 34823 846 12 . . . 34823 847 1 At at IN 34823 847 2 other other JJ 34823 847 3 times time NNS 34823 847 4 , , , 34823 847 5 he -PRON- PRP 34823 847 6 makes make VBZ 34823 847 7 comparison comparison NN 34823 847 8 between between IN 34823 847 9 different different JJ 34823 847 10 kinds kind NNS 34823 847 11 of of IN 34823 847 12 labor labor NN 34823 847 13 as as IN 34823 847 14 to to IN 34823 847 15 their -PRON- PRP$ 34823 847 16 efficiency efficiency NN 34823 847 17 , , , 34823 847 18 and and CC 34823 847 19 compares compare VBZ 34823 847 20 the the DT 34823 847 21 efficiency efficiency NN 34823 847 22 of of IN 34823 847 23 labor labor NN 34823 847 24 in in IN 34823 847 25 different different JJ 34823 847 26 occupations occupation NNS 34823 847 27 . . . 34823 848 1 One one PRP 34823 848 2 can can MD 34823 848 3 find find VB 34823 848 4 nearly nearly RB 34823 848 5 anything anything NN 34823 848 6 one one CD 34823 848 7 pleases please NNS 34823 848 8 in in IN 34823 848 9 Adam Adam NNP 34823 848 10 Smith Smith NNP 34823 848 11 on on IN 34823 848 12 these these DT 34823 848 13 points point NNS 34823 848 14 . . . 34823 849 1 At at IN 34823 849 2 times time NNS 34823 849 3 he -PRON- PRP 34823 849 4 speaks speak VBZ 34823 849 5 of of IN 34823 849 6 " " `` 34823 849 7 labor labor NN 34823 849 8 and and CC 34823 849 9 expense expense NN 34823 849 10 , , , 34823 849 11 " " '' 34823 849 12 rather rather RB 34823 849 13 than than IN 34823 849 14 labor labor NN 34823 849 15 alone alone RB 34823 849 16 , , , 34823 849 17 as as IN 34823 849 18 governing govern VBG 34823 849 19 prices price NNS 34823 849 20 . . . 34823 850 1 Labor labor NN 34823 850 2 - - HYPH 34823 850 3 cost cost NN 34823 850 4 to to IN 34823 850 5 the the DT 34823 850 6 laborer laborer NN 34823 850 7 would would MD 34823 850 8 take take VB 34823 850 9 the the DT 34823 850 10 form form NN 34823 850 11 of of IN 34823 850 12 labor labor NN 34823 850 13 - - HYPH 34823 850 14 pain pain NN 34823 850 15 or or CC 34823 850 16 labor labor NN 34823 850 17 - - HYPH 34823 850 18 time time NN 34823 850 19 . . . 34823 851 1 To to IN 34823 851 2 the the DT 34823 851 3 employer employer NN 34823 851 4 , , , 34823 851 5 it -PRON- PRP 34823 851 6 would would MD 34823 851 7 take take VB 34823 851 8 the the DT 34823 851 9 form form NN 34823 851 10 of of IN 34823 851 11 outlay outlay NN 34823 851 12 in in IN 34823 851 13 wages wage NNS 34823 851 14 . . . 34823 852 1 Adam Adam NNP 34823 852 2 Smith Smith NNP 34823 852 3 never never RB 34823 852 4 makes make VBZ 34823 852 5 any any DT 34823 852 6 definite definite JJ 34823 852 7 statement statement NN 34823 852 8 of of IN 34823 852 9 point point NN 34823 852 10 of of IN 34823 852 11 view view NN 34823 852 12 here here RB 34823 852 13 , , , 34823 852 14 and and CC 34823 852 15 shifts shift NNS 34823 852 16 back back RB 34823 852 17 and and CC 34823 852 18 forth forth RB 34823 852 19 from from IN 34823 852 20 one one CD 34823 852 21 to to IN 34823 852 22 the the DT 34823 852 23 other other JJ 34823 852 24 . . . 34823 853 1 He -PRON- PRP 34823 853 2 recognizes recognize VBZ 34823 853 3 variations variation NNS 34823 853 4 in in IN 34823 853 5 labor labor NN 34823 853 6 - - HYPH 34823 853 7 pain pain NN 34823 853 8 , , , 34823 853 9 in in IN 34823 853 10 danger danger NN 34823 853 11 , , , 34823 853 12 etc etc FW 34823 853 13 . . FW 34823 853 14 , , , 34823 853 15 in in IN 34823 853 16 different different JJ 34823 853 17 kinds kind NNS 34823 853 18 of of IN 34823 853 19 labor labor NN 34823 853 20 when when WRB 34823 853 21 discussing discuss VBG 34823 853 22 wages wage NNS 34823 853 23 . . . 34823 854 1 Ricardo Ricardo NNP 34823 854 2 elaborated elaborate VBD 34823 854 3 the the DT 34823 854 4 labor labor NN 34823 854 5 theory theory NN 34823 854 6 of of IN 34823 854 7 value value NN 34823 854 8 , , , 34823 854 9 and and CC 34823 854 10 tried try VBD 34823 854 11 to to TO 34823 854 12 think think VB 34823 854 13 it -PRON- PRP 34823 854 14 through through RP 34823 854 15 . . . 34823 855 1 He -PRON- PRP 34823 855 2 was be VBD 34823 855 3 too too RB 34823 855 4 keen keen JJ 34823 855 5 a a DT 34823 855 6 logician logician NN 34823 855 7 to to TO 34823 855 8 shift shift VB 34823 855 9 view view NN 34823 855 10 - - HYPH 34823 855 11 points point NNS 34823 855 12 with with IN 34823 855 13 Smith Smith NNP 34823 855 14 's 's POS 34823 855 15 facility facility NN 34823 855 16 , , , 34823 855 17 and and CC 34823 855 18 he -PRON- PRP 34823 855 19 tried try VBD 34823 855 20 to to TO 34823 855 21 make make VB 34823 855 22 a a DT 34823 855 23 completed complete VBN 34823 855 24 system system NN 34823 855 25 . . . 34823 856 1 [ [ -LRB- 34823 856 2 55 55 CD 34823 856 3 ] ] -RRB- 34823 856 4 There there EX 34823 856 5 is be VBZ 34823 856 6 some some DT 34823 856 7 shifting shifting NN 34823 856 8 from from IN 34823 856 9 the the DT 34823 856 10 theory theory NN 34823 856 11 of of IN 34823 856 12 labor labor NN 34823 856 13 as as IN 34823 856 14 a a DT 34823 856 15 cause cause NN 34823 856 16 of of IN 34823 856 17 value value NN 34823 856 18 to to IN 34823 856 19 labor labor NN 34823 856 20 as as IN 34823 856 21 a a DT 34823 856 22 measure measure NN 34823 856 23 of of IN 34823 856 24 value value NN 34823 856 25 , , , 34823 856 26 as as IN 34823 856 27 in in IN 34823 856 28 the the DT 34823 856 29 following follow VBG 34823 856 30 passage passage NN 34823 856 31 : : : 34823 856 32 " " `` 34823 856 33 If if IN 34823 856 34 the the DT 34823 856 35 state state NN 34823 856 36 charges charge VBZ 34823 856 37 a a DT 34823 856 38 seigniorage seigniorage NN 34823 856 39 for for IN 34823 856 40 coinage coinage NN 34823 856 41 , , , 34823 856 42 the the DT 34823 856 43 coined coined JJ 34823 856 44 piece piece NN 34823 856 45 of of IN 34823 856 46 money money NN 34823 856 47 will will MD 34823 856 48 generally generally RB 34823 856 49 exceed exceed VB 34823 856 50 the the DT 34823 856 51 value value NN 34823 856 52 of of IN 34823 856 53 the the DT 34823 856 54 uncoined uncoined JJ 34823 856 55 piece piece NN 34823 856 56 of of IN 34823 856 57 metal metal NN 34823 856 58 by by IN 34823 856 59 the the DT 34823 856 60 whole whole JJ 34823 856 61 seigniorage seigniorage NN 34823 856 62 charged charge VBN 34823 856 63 , , , 34823 856 64 because because IN 34823 856 65 it -PRON- PRP 34823 856 66 will will MD 34823 856 67 require require VB 34823 856 68 a a DT 34823 856 69 greater great JJR 34823 856 70 quantity quantity NN 34823 856 71 of of IN 34823 856 72 labour labour NN 34823 856 73 , , , 34823 856 74 or or CC 34823 856 75 , , , 34823 856 76 which which WDT 34823 856 77 is be VBZ 34823 856 78 the the DT 34823 856 79 same same JJ 34823 856 80 thing thing NN 34823 856 81 , , , 34823 856 82 the the DT 34823 856 83 value value NN 34823 856 84 of of IN 34823 856 85 the the DT 34823 856 86 produce produce NN 34823 856 87 of of IN 34823 856 88 a a DT 34823 856 89 greater great JJR 34823 856 90 quantity quantity NN 34823 856 91 of of IN 34823 856 92 labour labour NN 34823 856 93 , , , 34823 856 94 to to TO 34823 856 95 procure procure VB 34823 856 96 it -PRON- PRP 34823 856 97 . . . 34823 856 98 " " '' 34823 857 1 ( ( -LRB- 34823 857 2 _ _ NNP 34823 857 3 Works Works NNP 34823 857 4 _ _ NNP 34823 857 5 , , , 34823 857 6 McCulloch McCulloch NNP 34823 857 7 ed ed NNP 34823 857 8 . . NNP 34823 857 9 , , , 34823 857 10 213 213 CD 34823 857 11 . . . 34823 857 12 ) ) -RRB- 34823 858 1 In in IN 34823 858 2 general general JJ 34823 858 3 , , , 34823 858 4 however however RB 34823 858 5 , , , 34823 858 6 Ricardo Ricardo NNP 34823 858 7 developed develop VBD 34823 858 8 a a DT 34823 858 9 causal causal JJ 34823 858 10 theory theory NN 34823 858 11 of of IN 34823 858 12 value value NN 34823 858 13 , , , 34823 858 14 quantity quantity NN 34823 858 15 of of IN 34823 858 16 labor labor NN 34823 858 17 being be VBG 34823 858 18 the the DT 34823 858 19 basis basis NN 34823 858 20 of of IN 34823 858 21 the the DT 34823 858 22 absolute absolute JJ 34823 858 23 values value NNS 34823 858 24 of of IN 34823 858 25 goods good NNS 34823 858 26 , , , 34823 858 27 their -PRON- PRP$ 34823 858 28 _ _ NNP 34823 858 29 relative relative JJ 34823 858 30 _ _ NNP 34823 858 31 values value NNS 34823 858 32 depending depend VBG 34823 858 33 on on IN 34823 858 34 the the DT 34823 858 35 relative relative JJ 34823 858 36 amounts amount NNS 34823 858 37 of of IN 34823 858 38 labor labor NN 34823 858 39 involved involve VBN 34823 858 40 in in IN 34823 858 41 the the DT 34823 858 42 production production NN 34823 858 43 of of IN 34823 858 44 each each DT 34823 858 45 . . . 34823 859 1 I -PRON- PRP 34823 859 2 shall shall MD 34823 859 3 not not RB 34823 859 4 go go VB 34823 859 5 into into IN 34823 859 6 the the DT 34823 859 7 matter matter NN 34823 859 8 fully fully RB 34823 859 9 , , , 34823 859 10 but but CC 34823 859 11 shall shall MD 34823 859 12 call call VB 34823 859 13 attention attention NN 34823 859 14 to to IN 34823 859 15 the the DT 34823 859 16 rock rock NN 34823 859 17 on on IN 34823 859 18 which which WDT 34823 859 19 the the DT 34823 859 20 system system NN 34823 859 21 split split VBD 34823 859 22 , , , 34823 859 23 as as IN 34823 859 24 Ricardo Ricardo NNP 34823 859 25 himself -PRON- PRP 34823 859 26 admits admit VBZ 34823 859 27 . . . 34823 860 1 A a DT 34823 860 2 greater great JJR 34823 860 3 or or CC 34823 860 4 less less JJR 34823 860 5 proportion proportion NN 34823 860 6 of of IN 34823 860 7 capital capital NN 34823 860 8 works work NNS 34823 860 9 with with IN 34823 860 10 labor labor NN 34823 860 11 in in IN 34823 860 12 producing produce VBG 34823 860 13 different different JJ 34823 860 14 things thing NNS 34823 860 15 , , , 34823 860 16 and and CC 34823 860 17 the the DT 34823 860 18 value value NN 34823 860 19 of of IN 34823 860 20 product product NN 34823 860 21 , , , 34823 860 22 in in IN 34823 860 23 that that DT 34823 860 24 case case NN 34823 860 25 , , , 34823 860 26 varies vary VBZ 34823 860 27 not not RB 34823 860 28 merely merely RB 34823 860 29 with with IN 34823 860 30 the the DT 34823 860 31 labor labor NN 34823 860 32 , , , 34823 860 33 but but CC 34823 860 34 also also RB 34823 860 35 with with IN 34823 860 36 the the DT 34823 860 37 amount amount NN 34823 860 38 of of IN 34823 860 39 capital capital NN 34823 860 40 , , , 34823 860 41 and and CC 34823 860 42 the the DT 34823 860 43 length length NN 34823 860 44 of of IN 34823 860 45 time time NN 34823 860 46 the the DT 34823 860 47 capital capital NN 34823 860 48 is be VBZ 34823 860 49 employed employ VBN 34823 860 50 . . . 34823 861 1 How how WRB 34823 861 2 say say VB 34823 861 3 , , , 34823 861 4 then then RB 34823 861 5 , , , 34823 861 6 that that DT 34823 861 7 labor labor NN 34823 861 8 alone alone RB 34823 861 9 governs govern VBZ 34823 861 10 value value NN 34823 861 11 ? ? . 34823 862 1 How how WRB 34823 862 2 reduce reduce VB 34823 862 3 labor labor NN 34823 862 4 - - HYPH 34823 862 5 cost cost NN 34823 862 6 and and CC 34823 862 7 capital capital NN 34823 862 8 - - HYPH 34823 862 9 cost cost NN 34823 862 10 to to IN 34823 862 11 homogeneous homogeneous JJ 34823 862 12 terms term NNS 34823 862 13 ? ? . 34823 863 1 James James NNP 34823 863 2 Mill Mill NNP 34823 863 3 tried try VBD 34823 863 4 to to TO 34823 863 5 do do VB 34823 863 6 it -PRON- PRP 34823 863 7 for for IN 34823 863 8 him -PRON- PRP 34823 863 9 by by IN 34823 863 10 making make VBG 34823 863 11 capital capital NN 34823 863 12 merely merely RB 34823 863 13 stored store VBD 34823 863 14 up up RP 34823 863 15 or or CC 34823 863 16 petrified petrified JJ 34823 863 17 labor labor NN 34823 863 18 , , , 34823 863 19 which which WDT 34823 863 20 gives give VBZ 34823 863 21 up up RP 34823 863 22 its -PRON- PRP$ 34823 863 23 value value NN 34823 863 24 again again RB 34823 863 25 in in IN 34823 863 26 production production NN 34823 863 27 . . . 34823 864 1 But but CC 34823 864 2 this this DT 34823 864 3 does do VBZ 34823 864 4 n't not RB 34823 864 5 meet meet VB 34823 864 6 the the DT 34823 864 7 difficulty difficulty NN 34823 864 8 , , , 34823 864 9 because because IN 34823 864 10 there there EX 34823 864 11 is be VBZ 34823 864 12 a a DT 34823 864 13 _ _ NNP 34823 864 14 surplus surplus NN 34823 864 15 _ _ NNP 34823 864 16 value value NN 34823 864 17 , , , 34823 864 18 over over RB 34823 864 19 and and CC 34823 864 20 above above IN 34823 864 21 that that DT 34823 864 22 explained explain VBN 34823 864 23 by by IN 34823 864 24 all all PDT 34823 864 25 the the DT 34823 864 26 labor labor NN 34823 864 27 , , , 34823 864 28 including include VBG 34823 864 29 the the DT 34823 864 30 labor labor NN 34823 864 31 which which WDT 34823 864 32 produced produce VBD 34823 864 33 the the DT 34823 864 34 machine machine NN 34823 864 35 , , , 34823 864 36 and and CC 34823 864 37 the the DT 34823 864 38 labor labor NN 34823 864 39 which which WDT 34823 864 40 produced produce VBD 34823 864 41 the the DT 34823 864 42 raw raw JJ 34823 864 43 materials material NNS 34823 864 44 which which WDT 34823 864 45 entered enter VBD 34823 864 46 into into IN 34823 864 47 the the DT 34823 864 48 machine machine NN 34823 864 49 , , , 34823 864 50 etc etc FW 34823 864 51 . . . 34823 865 1 The the DT 34823 865 2 case case NN 34823 865 3 of of IN 34823 865 4 wine wine NN 34823 865 5 is be VBZ 34823 865 6 a a DT 34823 865 7 particularly particularly RB 34823 865 8 obstinate obstinate NN 34823 865 9 case case NN 34823 865 10 . . . 34823 866 1 Wine wine NN 34823 866 2 increases increase NNS 34823 866 3 in in IN 34823 866 4 value value NN 34823 866 5 merely merely RB 34823 866 6 with with IN 34823 866 7 the the DT 34823 866 8 passage passage NN 34823 866 9 of of IN 34823 866 10 time time NN 34823 866 11 , , , 34823 866 12 at at IN 34823 866 13 a a DT 34823 866 14 rate rate NN 34823 866 15 which which WDT 34823 866 16 corresponds correspond VBZ 34823 866 17 to to IN 34823 866 18 the the DT 34823 866 19 profit profit NN 34823 866 20 on on IN 34823 866 21 capital capital NN 34823 866 22 . . . 34823 867 1 Ricardo Ricardo NNP 34823 867 2 finally finally RB 34823 867 3 , , , 34823 867 4 in in IN 34823 867 5 correspondence correspondence NN 34823 867 6 with with IN 34823 867 7 McCulloch McCulloch NNP 34823 867 8 , , , 34823 867 9 definitely definitely RB 34823 867 10 abandons abandon VBZ 34823 867 11 the the DT 34823 867 12 case case NN 34823 867 13 , , , 34823 867 14 stating state VBG 34823 867 15 that that IN 34823 867 16 there there EX 34823 867 17 are be VBP 34823 867 18 many many JJ 34823 867 19 exceptions exception NNS 34823 867 20 to to IN 34823 867 21 the the DT 34823 867 22 proportionality proportionality NN 34823 867 23 between between IN 34823 867 24 exchange exchange NN 34823 867 25 value value NN 34823 867 26 and and CC 34823 867 27 labor labor NN 34823 867 28 - - HYPH 34823 867 29 cost cost NN 34823 867 30 . . . 34823 868 1 " " `` 34823 868 2 I -PRON- PRP 34823 868 3 sometimes sometimes RB 34823 868 4 think think VBP 34823 868 5 that that IN 34823 868 6 if if IN 34823 868 7 I -PRON- PRP 34823 868 8 were be VBD 34823 868 9 to to TO 34823 868 10 write write VB 34823 868 11 the the DT 34823 868 12 chapter chapter NN 34823 868 13 on on IN 34823 868 14 value value NN 34823 868 15 again again RB 34823 868 16 which which WDT 34823 868 17 is be VBZ 34823 868 18 in in IN 34823 868 19 my -PRON- PRP$ 34823 868 20 book book NN 34823 868 21 , , , 34823 868 22 I -PRON- PRP 34823 868 23 should should MD 34823 868 24 acknowledge acknowledge VB 34823 868 25 that that IN 34823 868 26 the the DT 34823 868 27 relative relative JJ 34823 868 28 value value NN 34823 868 29 of of IN 34823 868 30 commodities commodity NNS 34823 868 31 was be VBD 34823 868 32 regulated regulate VBN 34823 868 33 by by IN 34823 868 34 two two CD 34823 868 35 causes cause NNS 34823 868 36 instead instead RB 34823 868 37 of of IN 34823 868 38 one one CD 34823 868 39 , , , 34823 868 40 namely namely RB 34823 868 41 , , , 34823 868 42 by by IN 34823 868 43 the the DT 34823 868 44 relative relative JJ 34823 868 45 quantity quantity NN 34823 868 46 of of IN 34823 868 47 labor labor NN 34823 868 48 necessary necessary JJ 34823 868 49 to to TO 34823 868 50 produce produce VB 34823 868 51 the the DT 34823 868 52 commodities commodity NNS 34823 868 53 in in IN 34823 868 54 question question NN 34823 868 55 , , , 34823 868 56 and and CC 34823 868 57 by by IN 34823 868 58 the the DT 34823 868 59 rate rate NN 34823 868 60 of of IN 34823 868 61 profit profit NN 34823 868 62 for for IN 34823 868 63 the the DT 34823 868 64 time time NN 34823 868 65 that that WDT 34823 868 66 the the DT 34823 868 67 capital capital NN 34823 868 68 remained remain VBD 34823 868 69 dormant dormant JJ 34823 868 70 . . . 34823 868 71 " " '' 34823 869 1 ( ( -LRB- 34823 869 2 Davenport Davenport NNP 34823 869 3 , , , 34823 869 4 _ _ NNP 34823 869 5 Value Value NNP 34823 869 6 and and CC 34823 869 7 Distribution Distribution NNP 34823 869 8 _ _ NNP 34823 869 9 , , , 34823 869 10 p. p. NN 34823 870 1 41 41 CD 34823 870 2 . . . 34823 870 3 ) ) -RRB- 34823 871 1 But but CC 34823 871 2 this this DT 34823 871 3 is be VBZ 34823 871 4 a a DT 34823 871 5 " " `` 34823 871 6 dualistic dualistic JJ 34823 871 7 " " '' 34823 871 8 rather rather RB 34823 871 9 than than IN 34823 871 10 a a DT 34823 871 11 " " `` 34823 871 12 monistic monistic JJ 34823 871 13 " " '' 34823 871 14 explanation explanation NN 34823 871 15 -- -- : 34823 871 16 one one CD 34823 871 17 element element NN 34823 871 18 is be VBZ 34823 871 19 a a DT 34823 871 20 money money NN 34823 871 21 - - HYPH 34823 871 22 expense expense NN 34823 871 23 , , , 34823 871 24 or or CC 34823 871 25 at at IN 34823 871 26 all all DT 34823 871 27 events event NNS 34823 871 28 a a DT 34823 871 29 pecuniary pecuniary JJ 34823 871 30 item item NN 34823 871 31 , , , 34823 871 32 while while IN 34823 871 33 the the DT 34823 871 34 other other JJ 34823 871 35 is be VBZ 34823 871 36 a a DT 34823 871 37 " " `` 34823 871 38 real real JJ 34823 871 39 cost cost NN 34823 871 40 " " '' 34823 871 41 item item NN 34823 871 42 . . . 34823 872 1 The the DT 34823 872 2 two two CD 34823 872 3 are be VBP 34823 872 4 incommensurate incommensurate NN 34823 872 5 and and CC 34823 872 6 incommensurable incommensurable JJ 34823 872 7 . . . 34823 873 1 Senior senior JJ 34823 873 2 seeks seek VBZ 34823 873 3 to to TO 34823 873 4 supply supply VB 34823 873 5 the the DT 34823 873 6 unifying unifying JJ 34823 873 7 principle principle NN 34823 873 8 . . . 34823 874 1 " " `` 34823 874 2 Abstinence abstinence NN 34823 874 3 " " '' 34823 874 4 and and CC 34823 874 5 labor labor NN 34823 874 6 have have VBP 34823 874 7 pain pain NN 34823 874 8 as as IN 34823 874 9 a a DT 34823 874 10 common common JJ 34823 874 11 element element NN 34823 874 12 , , , 34823 874 13 and and CC 34823 874 14 so so RB 34823 874 15 are be VBP 34823 874 16 commensurable commensurable JJ 34823 874 17 . . . 34823 875 1 Costs cost NNS 34823 875 2 , , , 34823 875 3 reduced reduce VBN 34823 875 4 to to IN 34823 875 5 labor labor NN 34823 875 6 and and CC 34823 875 7 abstinence abstinence NN 34823 875 8 , , , 34823 875 9 become become VB 34823 875 10 homogeneous homogeneous JJ 34823 875 11 again again RB 34823 875 12 . . . 34823 876 1 Monism monism NN 34823 876 2 is be VBZ 34823 876 3 restored restore VBN 34823 876 4 . . . 34823 877 1 Cairnes cairne NNS 34823 877 2 completes complete VBZ 34823 877 3 the the DT 34823 877 4 doctrine doctrine NN 34823 877 5 by by IN 34823 877 6 adding add VBG 34823 877 7 risk risk NN 34823 877 8 to to IN 34823 877 9 the the DT 34823 877 10 real real JJ 34823 877 11 cost cost NN 34823 877 12 elements element NNS 34823 877 13 : : : 34823 877 14 a a DT 34823 877 15 triune triune JJ 34823 877 16 cost cost NN 34823 877 17 concept concept NN 34823 877 18 , , , 34823 877 19 sacrifice sacrifice NN 34823 877 20 being be VBG 34823 877 21 the the DT 34823 877 22 generic generic JJ 34823 877 23 fact fact NN 34823 877 24 in in IN 34823 877 25 the the DT 34823 877 26 three three CD 34823 877 27 manifestations manifestation NNS 34823 877 28 . . . 34823 878 1 With with IN 34823 878 2 John John NNP 34823 878 3 Stuart Stuart NNP 34823 878 4 Mill Mill NNP 34823 878 5 , , , 34823 878 6 in in IN 34823 878 7 general general JJ 34823 878 8 , , , 34823 878 9 we -PRON- PRP 34823 878 10 have have VBP 34823 878 11 an an DT 34823 878 12 entrepreneur entrepreneur NN 34823 878 13 view view NN 34823 878 14 - - HYPH 34823 878 15 point point NN 34823 878 16 . . . 34823 879 1 Money money NN 34823 879 2 - - HYPH 34823 879 3 expenses expense NNS 34823 879 4 of of IN 34823 879 5 production production NN 34823 879 6 , , , 34823 879 7 entrepreneur entrepreneur NN 34823 879 8 outlay outlay NN 34823 879 9 , , , 34823 879 10 plus plus CC 34823 879 11 wages wage NNS 34823 879 12 of of IN 34823 879 13 management management NN 34823 879 14 , , , 34823 879 15 or or CC 34823 879 16 including include VBG 34823 879 17 wages wage NNS 34823 879 18 of of IN 34823 879 19 management management NN 34823 879 20 , , , 34823 879 21 are be VBP 34823 879 22 the the DT 34823 879 23 factors factor NNS 34823 879 24 with with IN 34823 879 25 which which WDT 34823 879 26 Mill Mill NNP 34823 879 27 reckons reckon NNS 34823 879 28 . . . 34823 880 1 He -PRON- PRP 34823 880 2 is be VBZ 34823 880 3 no no DT 34823 880 4 longer long RBR 34823 880 5 concerned concern VBN 34823 880 6 with with IN 34823 880 7 psychological psychological JJ 34823 880 8 ultimates ultimate NNS 34823 880 9 , , , 34823 880 10 or or CC 34823 880 11 real real JJ 34823 880 12 costs cost NNS 34823 880 13 . . . 34823 881 1 Cairnes cairne NNS 34823 881 2 criticised criticise VBN 34823 881 3 Mill Mill NNP 34823 881 4 sharply sharply RB 34823 881 5 for for IN 34823 881 6 this this DT 34823 881 7 . . . 34823 882 1 No no DT 34823 882 2 distinction distinction NN 34823 882 3 is be VBZ 34823 882 4 more more RBR 34823 882 5 fundamental fundamental JJ 34823 882 6 he -PRON- PRP 34823 882 7 holds hold VBZ 34823 882 8 , , , 34823 882 9 than than IN 34823 882 10 that that DT 34823 882 11 between between IN 34823 882 12 costs cost NNS 34823 882 13 or or CC 34823 882 14 sacrifice sacrifice NN 34823 882 15 on on IN 34823 882 16 the the DT 34823 882 17 one one CD 34823 882 18 hand hand NN 34823 882 19 , , , 34823 882 20 and and CC 34823 882 21 rewards reward NNS 34823 882 22 on on IN 34823 882 23 the the DT 34823 882 24 other other JJ 34823 882 25 . . . 34823 883 1 Labor labor NN 34823 883 2 , , , 34823 883 3 abstinence abstinence NN 34823 883 4 and and CC 34823 883 5 risk risk NN 34823 883 6 are be VBP 34823 883 7 sacrifices sacrifice NNS 34823 883 8 ; ; : 34823 883 9 wages wage NNS 34823 883 10 , , , 34823 883 11 interest interest NN 34823 883 12 , , , 34823 883 13 profits profit NNS 34823 883 14 are be VBP 34823 883 15 rewards reward NNS 34823 883 16 . . . 34823 884 1 None none NN 34823 884 2 the the DT 34823 884 3 less less RBR 34823 884 4 , , , 34823 884 5 in in IN 34823 884 6 cost cost NN 34823 884 7 doctrine doctrine NN 34823 884 8 , , , 34823 884 9 as as IN 34823 884 10 in in IN 34823 884 11 supply supply NN 34823 884 12 and and CC 34823 884 13 demand demand NN 34823 884 14 doctrine doctrine NN 34823 884 15 , , , 34823 884 16 it -PRON- PRP 34823 884 17 is be VBZ 34823 884 18 Mill Mill NNP 34823 884 19 's 's POS 34823 884 20 view view NN 34823 884 21 which which WDT 34823 884 22 has have VBZ 34823 884 23 prevailed prevail VBN 34823 884 24 . . . 34823 885 1 Cost cost NN 34823 885 2 as as IN 34823 885 3 conceived conceive VBN 34823 885 4 by by IN 34823 885 5 Mill Mill NNP 34823 885 6 is be VBZ 34823 885 7 a a DT 34823 885 8 superficial superficial JJ 34823 885 9 , , , 34823 885 10 pecuniary pecuniary JJ 34823 885 11 notion notion NN 34823 885 12 . . . 34823 886 1 It -PRON- PRP 34823 886 2 tells tell VBZ 34823 886 3 little little JJ 34823 886 4 as as IN 34823 886 5 to to TO 34823 886 6 ultimate ultimate JJ 34823 886 7 causation causation NN 34823 886 8 . . . 34823 887 1 But but CC 34823 887 2 it -PRON- PRP 34823 887 3 is be VBZ 34823 887 4 virtually virtually RB 34823 887 5 only only RB 34823 887 6 as as IN 34823 887 7 a a DT 34823 887 8 pecuniary pecuniary JJ 34823 887 9 doctrine doctrine NN 34823 887 10 , , , 34823 887 11 costs cost NNS 34823 887 12 from from IN 34823 887 13 the the DT 34823 887 14 entrepreneur entrepreneur NN 34823 887 15 view view NN 34823 887 16 - - HYPH 34823 887 17 point point NN 34823 887 18 , , , 34823 887 19 that that IN 34823 887 20 the the DT 34823 887 21 cost cost NN 34823 887 22 doctrine doctrine NN 34823 887 23 is be VBZ 34823 887 24 met meet VBN 34823 887 25 in in IN 34823 887 26 modern modern JJ 34823 887 27 theory theory NN 34823 887 28 . . . 34823 888 1 Why why WRB 34823 888 2 is be VBZ 34823 888 3 this this DT 34823 888 4 ? ? . 34823 889 1 Well well UH 34823 889 2 , , , 34823 889 3 first first RB 34823 889 4 , , , 34823 889 5 the the DT 34823 889 6 real real JJ 34823 889 7 - - HYPH 34823 889 8 cost cost NN 34823 889 9 doctrine doctrine NN 34823 889 10 simply simply RB 34823 889 11 does do VBZ 34823 889 12 not not RB 34823 889 13 square square VB 34823 889 14 with with IN 34823 889 15 the the DT 34823 889 16 facts fact NNS 34823 889 17 . . . 34823 890 1 The the DT 34823 890 2 hardest hard JJS 34823 890 3 labor labor NN 34823 890 4 does do VBZ 34823 890 5 not not RB 34823 890 6 produce produce VB 34823 890 7 the the DT 34823 890 8 most most RBS 34823 890 9 valuable valuable JJ 34823 890 10 goods good NNS 34823 890 11 . . . 34823 891 1 Value value NN 34823 891 2 in in IN 34823 891 3 fact fact NN 34823 891 4 does do VBZ 34823 891 5 not not RB 34823 891 6 vary vary VB 34823 891 7 either either CC 34823 891 8 with with IN 34823 891 9 labor labor NN 34823 891 10 - - HYPH 34823 891 11 pain pain NN 34823 891 12 or or CC 34823 891 13 labor labor NN 34823 891 14 - - HYPH 34823 891 15 time time NN 34823 891 16 . . . 34823 892 1 In in IN 34823 892 2 fact fact NN 34823 892 3 , , , 34823 892 4 whatever whatever WDT 34823 892 5 the the DT 34823 892 6 explanation explanation NN 34823 892 7 , , , 34823 892 8 it -PRON- PRP 34823 892 9 would would MD 34823 892 10 seem seem VB 34823 892 11 to to TO 34823 892 12 be be VB 34823 892 13 truer truer JJ 34823 892 14 that that IN 34823 892 15 the the DT 34823 892 16 relation relation NN 34823 892 17 is be VBZ 34823 892 18 an an DT 34823 892 19 inverse inverse NN 34823 892 20 relation relation NN 34823 892 21 . . . 34823 893 1 Nor nor CC 34823 893 2 does do VBZ 34823 893 3 the the DT 34823 893 4 abstinence abstinence NN 34823 893 5 that that WDT 34823 893 6 pinches pinche NNS 34823 893 7 hardest hard JJS 34823 893 8 produce produce VBP 34823 893 9 the the DT 34823 893 10 largest large JJS 34823 893 11 amount amount NN 34823 893 12 of of IN 34823 893 13 capital capital NN 34823 893 14 . . . 34823 894 1 And and CC 34823 894 2 while while IN 34823 894 3 there there EX 34823 894 4 is be VBZ 34823 894 5 some some DT 34823 894 6 correlation correlation NN 34823 894 7 between between IN 34823 894 8 risks risk NNS 34823 894 9 and and CC 34823 894 10 profits profit NNS 34823 894 11 , , , 34823 894 12 the the DT 34823 894 13 correlation correlation NN 34823 894 14 is be VBZ 34823 894 15 at at IN 34823 894 16 best good JJS 34823 894 17 low low JJ 34823 894 18 and and CC 34823 894 19 is be VBZ 34823 894 20 not not RB 34823 894 21 a a DT 34823 894 22 correlation correlation NN 34823 894 23 between between IN 34823 894 24 psychological psychological JJ 34823 894 25 sacrifice sacrifice NN 34823 894 26 and and CC 34823 894 27 profits profit NNS 34823 894 28 . . . 34823 895 1 Even even RB 34823 895 2 " " `` 34823 895 3 marginal marginal JJ 34823 895 4 abstinence abstinence NN 34823 895 5 " " '' 34823 895 6 for for IN 34823 895 7 a a DT 34823 895 8 Rothschild Rothschild NNP 34823 895 9 or or CC 34823 895 10 a a DT 34823 895 11 Rockefeller Rockefeller NNP 34823 895 12 causes cause VBZ 34823 895 13 no no DT 34823 895 14 pain pain NN 34823 895 15 . . . 34823 896 1 It -PRON- PRP 34823 896 2 is be VBZ 34823 896 3 absurd absurd JJ 34823 896 4 to to TO 34823 896 5 seek seek VB 34823 896 6 to to TO 34823 896 7 find find VB 34823 896 8 a a DT 34823 896 9 common common JJ 34823 896 10 element element NN 34823 896 11 in in IN 34823 896 12 the the DT 34823 896 13 " " `` 34823 896 14 abstinence abstinence NN 34823 896 15 " " '' 34823 896 16 of of IN 34823 896 17 a a DT 34823 896 18 rich rich JJ 34823 896 19 man man NN 34823 896 20 and and CC 34823 896 21 the the DT 34823 896 22 pain pain NN 34823 896 23 of of IN 34823 896 24 a a DT 34823 896 25 poor poor JJ 34823 896 26 and and CC 34823 896 27 aged aged JJ 34823 896 28 laborer laborer NN 34823 896 29 . . . 34823 897 1 I -PRON- PRP 34823 897 2 pass pass VBP 34823 897 3 over over RP 34823 897 4 the the DT 34823 897 5 supposed suppose VBN 34823 897 6 difficulty difficulty NN 34823 897 7 that that IN 34823 897 8 abstinence abstinence NN 34823 897 9 is be VBZ 34823 897 10 , , , 34823 897 11 in in IN 34823 897 12 general general JJ 34823 897 13 , , , 34823 897 14 suffered suffer VBN 34823 897 15 by by IN 34823 897 16 one one CD 34823 897 17 set set NN 34823 897 18 of of IN 34823 897 19 minds mind NNS 34823 897 20 , , , 34823 897 21 and and CC 34823 897 22 labor labor NN 34823 897 23 - - HYPH 34823 897 24 pain pain NN 34823 897 25 by by IN 34823 897 26 a a DT 34823 897 27 different different JJ 34823 897 28 set set NN 34823 897 29 of of IN 34823 897 30 minds mind NNS 34823 897 31 , , , 34823 897 32 and and CC 34823 897 33 hence hence RB 34823 897 34 , , , 34823 897 35 since since IN 34823 897 36 men man NNS 34823 897 37 can can MD 34823 897 38 not not RB 34823 897 39 compare compare VB 34823 897 40 their -PRON- PRP$ 34823 897 41 own own JJ 34823 897 42 emotions emotion NNS 34823 897 43 with with IN 34823 897 44 the the DT 34823 897 45 emotions emotion NNS 34823 897 46 of of IN 34823 897 47 other other JJ 34823 897 48 men man NNS 34823 897 49 , , , 34823 897 50 there there EX 34823 897 51 is be VBZ 34823 897 52 no no DT 34823 897 53 comparability comparability NN 34823 897 54 . . . 34823 898 1 This this DT 34823 898 2 subjectivistic subjectivistic JJ 34823 898 3 psychology psychology NN 34823 898 4 would would MD 34823 898 5 , , , 34823 898 6 of of IN 34823 898 7 course course NN 34823 898 8 , , , 34823 898 9 make make VB 34823 898 10 it -PRON- PRP 34823 898 11 equally equally RB 34823 898 12 impossible impossible JJ 34823 898 13 to to TO 34823 898 14 fund fund VB 34823 898 15 labor labor NN 34823 898 16 - - HYPH 34823 898 17 pains pain NNS 34823 898 18 of of IN 34823 898 19 different different JJ 34823 898 20 laborers laborer NNS 34823 898 21 , , , 34823 898 22 or or CC 34823 898 23 to to TO 34823 898 24 get get VB 34823 898 25 any any DT 34823 898 26 common common JJ 34823 898 27 denominator denominator NN 34823 898 28 at at RB 34823 898 29 all all RB 34823 898 30 . . . 34823 899 1 [ [ -LRB- 34823 899 2 56 56 CD 34823 899 3 ] ] -RRB- 34823 899 4 It -PRON- PRP 34823 899 5 is be VBZ 34823 899 6 enough enough JJ 34823 899 7 to to TO 34823 899 8 point point VB 34823 899 9 out out RP 34823 899 10 that that IN 34823 899 11 differences difference NNS 34823 899 12 between between IN 34823 899 13 rich rich JJ 34823 899 14 and and CC 34823 899 15 poor poor JJ 34823 899 16 , , , 34823 899 17 between between IN 34823 899 18 successful successful JJ 34823 899 19 and and CC 34823 899 20 unsuccessful unsuccessful JJ 34823 899 21 , , , 34823 899 22 between between IN 34823 899 23 efficient efficient JJ 34823 899 24 and and CC 34823 899 25 inefficient inefficient JJ 34823 899 26 , , , 34823 899 27 ( ( -LRB- 34823 899 28 apart apart RB 34823 899 29 from from IN 34823 899 30 acquired acquire VBN 34823 899 31 differences difference NNS 34823 899 32 which which WDT 34823 899 33 may may MD 34823 899 34 be be VB 34823 899 35 smoothed smooth VBN 34823 899 36 out out RP 34823 899 37 by by IN 34823 899 38 the the DT 34823 899 39 " " `` 34823 899 40 stored store VBN 34823 899 41 up up RP 34823 899 42 labor labor NN 34823 899 43 - - HYPH 34823 899 44 of of IN 34823 899 45 - - HYPH 34823 899 46 training train VBG 34823 899 47 " " '' 34823 899 48 principle principle NN 34823 899 49 ) ) -RRB- 34823 899 50 make make VBP 34823 899 51 labor labor NN 34823 899 52 - - HYPH 34823 899 53 pain pain NN 34823 899 54 , , , 34823 899 55 and and CC 34823 899 56 marginal marginal JJ 34823 899 57 labor labor NN 34823 899 58 - - HYPH 34823 899 59 pain pain NN 34823 899 60 , , , 34823 899 61 vary vary VBP 34823 899 62 greatly greatly RB 34823 899 63 from from IN 34823 899 64 value value NN 34823 899 65 , , , 34823 899 66 and and CC 34823 899 67 make make VB 34823 899 68 labor labor NN 34823 899 69 - - HYPH 34823 899 70 pain pain NN 34823 899 71 , , , 34823 899 72 abstinence abstinence NN 34823 899 73 and and CC 34823 899 74 risk risk NN 34823 899 75 quite quite RB 34823 899 76 incommensurable incommensurable JJ 34823 899 77 , , , 34823 899 78 and and CC 34823 899 79 quite quite RB 34823 899 80 without without IN 34823 899 81 fixed fix VBN 34823 899 82 relation relation NN 34823 899 83 to to IN 34823 899 84 value value NN 34823 899 85 . . . 34823 900 1 Cairnes cairne NNS 34823 900 2 saw see VBD 34823 900 3 this this DT 34823 900 4 in in IN 34823 900 5 part part NN 34823 900 6 , , , 34823 900 7 and and CC 34823 900 8 developed develop VBD 34823 900 9 his -PRON- PRP$ 34823 900 10 doctrine doctrine NN 34823 900 11 of of IN 34823 900 12 non non JJ 34823 900 13 - - JJ 34823 900 14 competing competing JJ 34823 900 15 groups group NNS 34823 900 16 to to TO 34823 900 17 deal deal VB 34823 900 18 with with IN 34823 900 19 it -PRON- PRP 34823 900 20 . . . 34823 901 1 Labor labor NN 34823 901 2 - - HYPH 34823 901 3 pain pain NN 34823 901 4 and and CC 34823 901 5 value value NN 34823 901 6 vary vary VBP 34823 901 7 together together RB 34823 901 8 only only RB 34823 901 9 when when WRB 34823 901 10 we -PRON- PRP 34823 901 11 are be VBP 34823 901 12 comparing compare VBG 34823 901 13 goods good NNS 34823 901 14 produced produce VBN 34823 901 15 by by IN 34823 901 16 laborers laborer NNS 34823 901 17 within within IN 34823 901 18 a a DT 34823 901 19 competing compete VBG 34823 901 20 group group NN 34823 901 21 . . . 34823 902 1 Laborers laborer NNS 34823 902 2 in in IN 34823 902 3 one one CD 34823 902 4 group group NN 34823 902 5 do do VBP 34823 902 6 not not RB 34823 902 7 compete compete VB 34823 902 8 with with IN 34823 902 9 laborers laborer NNS 34823 902 10 in in IN 34823 902 11 another another DT 34823 902 12 group group NN 34823 902 13 . . . 34823 903 1 There there EX 34823 903 2 is be VBZ 34823 903 3 perfect perfect JJ 34823 903 4 competition competition NN 34823 903 5 in in IN 34823 903 6 the the DT 34823 903 7 capital capital NN 34823 903 8 market market NN 34823 903 9 , , , 34823 903 10 however however RB 34823 903 11 , , , 34823 903 12 and and CC 34823 903 13 so so RB 34823 903 14 capital capital NN 34823 903 15 costs cost NNS 34823 903 16 ( ( -LRB- 34823 903 17 " " `` 34823 903 18 abstinence abstinence NN 34823 903 19 " " '' 34823 903 20 ) ) -RRB- 34823 903 21 are be VBP 34823 903 22 perfectly perfectly RB 34823 903 23 correlated correlate VBN 34823 903 24 with with IN 34823 903 25 value value NN 34823 903 26 , , , 34823 903 27 to to IN 34823 903 28 the the DT 34823 903 29 extent extent NN 34823 903 30 that that IN 34823 903 31 capital capital NN 34823 903 32 enters enter VBZ 34823 903 33 . . . 34823 904 1 Cairnes cairne NNS 34823 904 2 seems seem VBZ 34823 904 3 to to TO 34823 904 4 think think VB 34823 904 5 that that IN 34823 904 6 the the DT 34823 904 7 whole whole JJ 34823 904 8 difficulty difficulty NN 34823 904 9 with with IN 34823 904 10 his -PRON- PRP$ 34823 904 11 real real JJ 34823 904 12 cost cost NN 34823 904 13 doctrine doctrine NN 34823 904 14 comes come VBZ 34823 904 15 from from IN 34823 904 16 the the DT 34823 904 17 failure failure NN 34823 904 18 of of IN 34823 904 19 competition competition NN 34823 904 20 . . . 34823 905 1 In in IN 34823 905 2 fact fact NN 34823 905 3 , , , 34823 905 4 however however RB 34823 905 5 , , , 34823 905 6 it -PRON- PRP 34823 905 7 comes come VBZ 34823 905 8 also also RB 34823 905 9 from from IN 34823 905 10 the the DT 34823 905 11 inequalities inequality NNS 34823 905 12 in in IN 34823 905 13 wealth wealth NN 34823 905 14 . . . 34823 906 1 And and CC 34823 906 2 even even RB 34823 906 3 in in IN 34823 906 4 his -PRON- PRP$ 34823 906 5 highly highly RB 34823 906 6 competitive competitive JJ 34823 906 7 capital capital NN 34823 906 8 market market NN 34823 906 9 it -PRON- PRP 34823 906 10 is be VBZ 34823 906 11 equally equally RB 34823 906 12 true true JJ 34823 906 13 that that IN 34823 906 14 abstinence abstinence NN 34823 906 15 , , , 34823 906 16 or or CC 34823 906 17 even even RB 34823 906 18 marginal marginal JJ 34823 906 19 abstinence abstinence NN 34823 906 20 ( ( -LRB- 34823 906 21 a a DT 34823 906 22 term term NN 34823 906 23 which which WDT 34823 906 24 Cairnes Cairnes NNPS 34823 906 25 does do VBZ 34823 906 26 not not RB 34823 906 27 use use VB 34823 906 28 ) ) -RRB- 34823 906 29 has have VBZ 34823 906 30 no no DT 34823 906 31 constant constant JJ 34823 906 32 relation relation NN 34823 906 33 to to IN 34823 906 34 amount amount NN 34823 906 35 of of IN 34823 906 36 capital capital NN 34823 906 37 accumulated accumulate VBN 34823 906 38 , , , 34823 906 39 value value NN 34823 906 40 produced produce VBN 34823 906 41 , , , 34823 906 42 or or CC 34823 906 43 interest interest NN 34823 906 44 received receive VBD 34823 906 45 . . . 34823 907 1 The the DT 34823 907 2 cost cost NN 34823 907 3 theory theory NN 34823 907 4 breaks break VBZ 34823 907 5 down down RP 34823 907 6 at at IN 34823 907 7 every every DT 34823 907 8 point point NN 34823 907 9 when when WRB 34823 907 10 it -PRON- PRP 34823 907 11 runs run VBZ 34823 907 12 in in IN 34823 907 13 labor labor NN 34823 907 14 - - HYPH 34823 907 15 abstinence abstinence NN 34823 907 16 - - HYPH 34823 907 17 risk risk NN 34823 907 18 terms term NNS 34823 907 19 . . . 34823 908 1 So so CC 34823 908 2 generally generally RB 34823 908 3 has have VBZ 34823 908 4 this this DT 34823 908 5 been be VBN 34823 908 6 recognized recognize VBN 34823 908 7 , , , 34823 908 8 that that IN 34823 908 9 the the DT 34823 908 10 cost cost NN 34823 908 11 theory theory NN 34823 908 12 has have VBZ 34823 908 13 generally generally RB 34823 908 14 given give VBN 34823 908 15 way way NN 34823 908 16 to to IN 34823 908 17 the the DT 34823 908 18 utility utility NN 34823 908 19 theory theory NN 34823 908 20 , , , 34823 908 21 and and CC 34823 908 22 cost cost NN 34823 908 23 doctrine doctrine NN 34823 908 24 when when WRB 34823 908 25 it -PRON- PRP 34823 908 26 appears appear VBZ 34823 908 27 in in IN 34823 908 28 modern modern JJ 34823 908 29 economics economic NNS 34823 908 30 is be VBZ 34823 908 31 either either CC 34823 908 32 the the DT 34823 908 33 very very RB 34823 908 34 superficial superficial JJ 34823 908 35 money money NN 34823 908 36 - - HYPH 34823 908 37 outlay outlay NN 34823 908 38 notion notion NN 34823 908 39 of of IN 34823 908 40 Mill Mill NNP 34823 908 41 , , , 34823 908 42 or or CC 34823 908 43 else else RB 34823 908 44 the the DT 34823 908 45 Austrian austrian JJ 34823 908 46 cost cost NN 34823 908 47 doctrine doctrine NN 34823 908 48 , , , 34823 908 49 later later RB 34823 908 50 to to TO 34823 908 51 be be VB 34823 908 52 discussed discuss VBN 34823 908 53 , , , 34823 908 54 which which WDT 34823 908 55 is be VBZ 34823 908 56 still still RB 34823 908 57 a a DT 34823 908 58 pecuniary pecuniary JJ 34823 908 59 concept concept NN 34823 908 60 . . . 34823 909 1 I -PRON- PRP 34823 909 2 have have VBP 34823 909 3 elsewhere elsewhere RB 34823 909 4 undertaken undertake VBN 34823 909 5 to to TO 34823 909 6 show show VB 34823 909 7 ( ( -LRB- 34823 909 8 _ _ NNP 34823 909 9 Social Social NNP 34823 909 10 Value Value NNP 34823 909 11 _ _ NNP 34823 909 12 , , , 34823 909 13 chs chs NNP 34823 909 14 . . . 34823 910 1 3 3 CD 34823 910 2 - - SYM 34823 910 3 7 7 CD 34823 910 4 , , , 34823 910 5 and and CC 34823 910 6 the the DT 34823 910 7 ch ch NN 34823 910 8 . . . 34823 911 1 on on IN 34823 911 2 " " `` 34823 911 3 Marginal Marginal NNP 34823 911 4 Utility Utility NNP 34823 911 5 , , , 34823 911 6 " " '' 34823 911 7 _ _ NNP 34823 911 8 infra infra NNP 34823 911 9 _ _ NNP 34823 911 10 ) ) -RRB- 34823 911 11 that that IN 34823 911 12 these these DT 34823 911 13 defects defect NNS 34823 911 14 of of IN 34823 911 15 the the DT 34823 911 16 " " `` 34823 911 17 real real JJ 34823 911 18 - - HYPH 34823 911 19 cost cost NN 34823 911 20 " " '' 34823 911 21 theory theory NN 34823 911 22 , , , 34823 911 23 are be VBP 34823 911 24 just just RB 34823 911 25 as as RB 34823 911 26 much much JJ 34823 911 27 in in IN 34823 911 28 evidence evidence NN 34823 911 29 in in IN 34823 911 30 the the DT 34823 911 31 utility utility NN 34823 911 32 theory theory NN 34823 911 33 . . . 34823 912 1 The the DT 34823 912 2 failure failure NN 34823 912 3 of of IN 34823 912 4 the the DT 34823 912 5 real real JJ 34823 912 6 cost cost NN 34823 912 7 theory theory NN 34823 912 8 of of IN 34823 912 9 value value NN 34823 912 10 is be VBZ 34823 912 11 by by IN 34823 912 12 no no DT 34823 912 13 means means NN 34823 912 14 a a DT 34823 912 15 vindication vindication NN 34823 912 16 of of IN 34823 912 17 the the DT 34823 912 18 utility utility NN 34823 912 19 theory theory NN 34823 912 20 . . . 34823 913 1 Both both DT 34823 913 2 have have VBP 34823 913 3 the the DT 34823 913 4 same same JJ 34823 913 5 vice vice NN 34823 913 6 -- -- : 34823 913 7 the the DT 34823 913 8 effort effort NN 34823 913 9 to to TO 34823 913 10 combine combine VB 34823 913 11 into into IN 34823 913 12 a a DT 34823 913 13 homogeneous homogeneous JJ 34823 913 14 sum sum NN 34823 913 15 a a DT 34823 913 16 lot lot NN 34823 913 17 of of IN 34823 913 18 individual individual JJ 34823 913 19 psychological psychological JJ 34823 913 20 magnitudes magnitude NNS 34823 913 21 measured measure VBN 34823 913 22 in in IN 34823 913 23 money money NN 34823 913 24 , , , 34823 913 25 when when WRB 34823 913 26 the the DT 34823 913 27 money money NN 34823 913 28 - - HYPH 34823 913 29 measure measure NN 34823 913 30 has have VBZ 34823 913 31 a a DT 34823 913 32 different different JJ 34823 913 33 psychological psychological JJ 34823 913 34 significance significance NN 34823 913 35 for for IN 34823 913 36 each each DT 34823 913 37 individual individual NN 34823 913 38 , , , 34823 913 39 and and CC 34823 913 40 so so RB 34823 913 41 comparison comparison NN 34823 913 42 and and CC 34823 913 43 addition addition NN 34823 913 44 are be VBP 34823 913 45 impossible impossible JJ 34823 913 46 . . . 34823 914 1 But but CC 34823 914 2 in in IN 34823 914 3 any any DT 34823 914 4 case case NN 34823 914 5 , , , 34823 914 6 the the DT 34823 914 7 real real JJ 34823 914 8 cost cost NN 34823 914 9 doctrine doctrine NN 34823 914 10 of of IN 34823 914 11 the the DT 34823 914 12 Classical Classical NNP 34823 914 13 School School NNP 34823 914 14 has have VBZ 34823 914 15 failed fail VBN 34823 914 16 , , , 34823 914 17 and and CC 34823 914 18 so so RB 34823 914 19 can can MD 34823 914 20 not not RB 34823 914 21 serve serve VB 34823 914 22 as as IN 34823 914 23 the the DT 34823 914 24 basis basis NN 34823 914 25 of of IN 34823 914 26 the the DT 34823 914 27 theory theory NN 34823 914 28 of of IN 34823 914 29 the the DT 34823 914 30 value value NN 34823 914 31 of of IN 34823 914 32 money money NN 34823 914 33 . . . 34823 915 1 Obviously obviously RB 34823 915 2 the the DT 34823 915 3 money money NN 34823 915 4 - - HYPH 34823 915 5 outlay outlay NN 34823 915 6 cost cost NN 34823 915 7 theory theory NN 34823 915 8 of of IN 34823 915 9 Mill Mill NNP 34823 915 10 can can MD 34823 915 11 not not RB 34823 915 12 explain explain VB 34823 915 13 the the DT 34823 915 14 value value NN 34823 915 15 of of IN 34823 915 16 money money NN 34823 915 17 itself -PRON- PRP 34823 915 18 . . . 34823 916 1 The the DT 34823 916 2 marginal marginal JJ 34823 916 3 cost cost NN 34823 916 4 of of IN 34823 916 5 producing produce VBG 34823 916 6 twenty twenty CD 34823 916 7 - - HYPH 34823 916 8 three three CD 34823 916 9 and and CC 34823 916 10 twenty twenty CD 34823 916 11 - - HYPH 34823 916 12 two two CD 34823 916 13 hundredths hundredth NNS 34823 916 14 grains grain NNS 34823 916 15 of of IN 34823 916 16 gold gold NN 34823 916 17 will will MD 34823 916 18 always always RB 34823 916 19 be be VB 34823 916 20 a a DT 34823 916 21 dollar dollar NN 34823 916 22 , , , 34823 916 23 however however RB 34823 916 24 the the DT 34823 916 25 dollar dollar NN 34823 916 26 may may MD 34823 916 27 vary vary VB 34823 916 28 in in IN 34823 916 29 value value NN 34823 916 30 . . . 34823 917 1 Indeed indeed RB 34823 917 2 , , , 34823 917 3 in in IN 34823 917 4 general general JJ 34823 917 5 , , , 34823 917 6 the the DT 34823 917 7 assumption assumption NN 34823 917 8 of of IN 34823 917 9 a a DT 34823 917 10 constant constant JJ 34823 917 11 value value NN 34823 917 12 of of IN 34823 917 13 the the DT 34823 917 14 money money NN 34823 917 15 - - HYPH 34823 917 16 unit unit NN 34823 917 17 is be VBZ 34823 917 18 implied imply VBN 34823 917 19 in in IN 34823 917 20 the the DT 34823 917 21 monetary monetary JJ 34823 917 22 cost cost NN 34823 917 23 concept concept NN 34823 917 24 . . . 34823 918 1 Cost cost NN 34823 918 2 curves curve NNS 34823 918 3 are be VBP 34823 918 4 _ _ NNP 34823 918 5 supply_-curves supply_-curve NNS 34823 918 6 and and CC 34823 918 7 the the DT 34823 918 8 reasoning reasoning NN 34823 918 9 already already RB 34823 918 10 given give VBN 34823 918 11 as as IN 34823 918 12 to to IN 34823 918 13 the the DT 34823 918 14 need need NN 34823 918 15 for for IN 34823 918 16 assuming assume VBG 34823 918 17 constant constant JJ 34823 918 18 value value NN 34823 918 19 for for IN 34823 918 20 money money NN 34823 918 21 in in IN 34823 918 22 the the DT 34823 918 23 supply supply NN 34823 918 24 and and CC 34823 918 25 demand demand NN 34823 918 26 concept concept NN 34823 918 27 will will MD 34823 918 28 apply apply VB 34823 918 29 here here RB 34823 918 30 . . . 34823 919 1 Costs cost NNS 34823 919 2 function function VBP 34823 919 3 in in IN 34823 919 4 value value NN 34823 919 5 - - HYPH 34823 919 6 determination determination NN 34823 919 7 only only RB 34823 919 8 by by IN 34823 919 9 checking check VBG 34823 919 10 supply supply NN 34823 919 11 . . . 34823 920 1 Rising rise VBG 34823 920 2 costs cost NNS 34823 920 3 tend tend VBP 34823 920 4 to to TO 34823 920 5 mean mean VB 34823 920 6 a a DT 34823 920 7 lessened lessened JJ 34823 920 8 supply supply NN 34823 920 9 . . . 34823 921 1 But but CC 34823 921 2 if if IN 34823 921 3 the the DT 34823 921 4 cost cost NN 34823 921 5 - - HYPH 34823 921 6 curve curve NN 34823 921 7 is be VBZ 34823 921 8 rising rise VBG 34823 921 9 _ _ NNP 34823 921 10 because because IN 34823 921 11 _ _ NNP 34823 921 12 of of IN 34823 921 13 a a DT 34823 921 14 fall fall NN 34823 921 15 in in IN 34823 921 16 the the DT 34823 921 17 value value NN 34823 921 18 of of IN 34823 921 19 money money NN 34823 921 20 , , , 34823 921 21 then then RB 34823 921 22 the the DT 34823 921 23 demand demand NN 34823 921 24 - - HYPH 34823 921 25 curve curve NN 34823 921 26 will will MD 34823 921 27 be be VB 34823 921 28 rising rise VBG 34823 921 29 also also RB 34823 921 30 , , , 34823 921 31 and and CC 34823 921 32 production production NN 34823 921 33 will will MD 34823 921 34 not not RB 34823 921 35 be be VB 34823 921 36 checked check VBN 34823 921 37 . . . 34823 922 1 The the DT 34823 922 2 general general JJ 34823 922 3 law law NN 34823 922 4 as as IN 34823 922 5 to to IN 34823 922 6 the the DT 34823 922 7 relation relation NN 34823 922 8 of of IN 34823 922 9 cost cost NN 34823 922 10 to to TO 34823 922 11 demand demand VB 34823 922 12 and and CC 34823 922 13 supply supply NN 34823 922 14 assumes assume VBZ 34823 922 15 a a DT 34823 922 16 fixed fix VBN 34823 922 17 value value NN 34823 922 18 of of IN 34823 922 19 the the DT 34823 922 20 unit unit NN 34823 922 21 of of IN 34823 922 22 cost cost NN 34823 922 23 , , , 34823 922 24 the the DT 34823 922 25 dollar dollar NN 34823 922 26 . . . 34823 923 1 To to IN 34823 923 2 the the DT 34823 923 3 Austrian austrian JJ 34823 923 4 economists economist NNS 34823 923 5 we -PRON- PRP 34823 923 6 owe owe VBP 34823 923 7 a a DT 34823 923 8 rational rational JJ 34823 923 9 theory theory NN 34823 923 10 of of IN 34823 923 11 costs cost NNS 34823 923 12 which which WDT 34823 923 13 gives give VBZ 34823 923 14 the the DT 34823 923 15 money money NN 34823 923 16 - - HYPH 34823 923 17 outlay outlay NN 34823 923 18 concept concept NN 34823 923 19 more more JJR 34823 923 20 than than IN 34823 923 21 a a DT 34823 923 22 merely merely RB 34823 923 23 empirical empirical JJ 34823 923 24 basis basis NN 34823 923 25 . . . 34823 924 1 First first RB 34823 924 2 , , , 34823 924 3 they -PRON- PRP 34823 924 4 see see VBP 34823 924 5 in in IN 34823 924 6 costs cost NNS 34823 924 7 not not RB 34823 924 8 causes cause NNS 34823 924 9 , , , 34823 924 10 but but CC 34823 924 11 results result NNS 34823 924 12 . . . 34823 925 1 Value value NN 34823 925 2 causation causation NN 34823 925 3 comes come VBZ 34823 925 4 ultimately ultimately RB 34823 925 5 , , , 34823 925 6 not not RB 34823 925 7 from from IN 34823 925 8 the the DT 34823 925 9 side side NN 34823 925 10 of of IN 34823 925 11 supply supply NN 34823 925 12 , , , 34823 925 13 but but CC 34823 925 14 from from IN 34823 925 15 the the DT 34823 925 16 side side NN 34823 925 17 of of IN 34823 925 18 demand demand NN 34823 925 19 . . . 34823 926 1 I -PRON- PRP 34823 926 2 shall shall MD 34823 926 3 not not RB 34823 926 4 now now RB 34823 926 5 undertake undertake VB 34823 926 6 a a DT 34823 926 7 criticism criticism NN 34823 926 8 of of IN 34823 926 9 their -PRON- PRP$ 34823 926 10 explanation explanation NN 34823 926 11 of of IN 34823 926 12 demand demand NN 34823 926 13 . . . 34823 927 1 I -PRON- PRP 34823 927 2 have have VBP 34823 927 3 elsewhere elsewhere RB 34823 927 4 criticised criticise VBN 34823 927 5 their -PRON- PRP$ 34823 927 6 confusion confusion NN 34823 927 7 of of IN 34823 927 8 demand demand NN 34823 927 9 - - HYPH 34823 927 10 curves curve NNS 34823 927 11 and and CC 34823 927 12 utility utility NN 34823 927 13 - - HYPH 34823 927 14 curves curve NNS 34823 927 15 , , , 34823 927 16 and and CC 34823 927 17 pointed point VBD 34823 927 18 out out RP 34823 927 19 that that IN 34823 927 20 marginal marginal JJ 34823 927 21 utility utility NN 34823 927 22 gives give VBZ 34823 927 23 no no DT 34823 927 24 explanation explanation NN 34823 927 25 of of IN 34823 927 26 demand demand NN 34823 927 27 . . . 34823 928 1 I -PRON- PRP 34823 928 2 shall shall MD 34823 928 3 recur recur VB 34823 928 4 to to IN 34823 928 5 the the DT 34823 928 6 utility utility NN 34823 928 7 theory theory NN 34823 928 8 of of IN 34823 928 9 value value NN 34823 928 10 at at IN 34823 928 11 a a DT 34823 928 12 later later JJ 34823 928 13 point point NN 34823 928 14 . . . 34823 929 1 For for IN 34823 929 2 the the DT 34823 929 3 present present NN 34823 929 4 , , , 34823 929 5 it -PRON- PRP 34823 929 6 is be VBZ 34823 929 7 enough enough JJ 34823 929 8 to to TO 34823 929 9 point point VB 34823 929 10 out out RP 34823 929 11 that that IN 34823 929 12 the the DT 34823 929 13 Austrian austrian JJ 34823 929 14 theory theory NN 34823 929 15 of of IN 34823 929 16 costs cost NNS 34823 929 17 is be VBZ 34823 929 18 independent independent JJ 34823 929 19 of of IN 34823 929 20 their -PRON- PRP$ 34823 929 21 utility utility NN 34823 929 22 vagaries vagary NNS 34823 929 23 , , , 34823 929 24 and and CC 34823 929 25 rests rest VBZ 34823 929 26 best well RBS 34823 929 27 on on IN 34823 929 28 the the DT 34823 929 29 notion notion NN 34823 929 30 of of IN 34823 929 31 supply supply NN 34823 929 32 and and CC 34823 929 33 demand demand NN 34823 929 34 , , , 34823 929 35 as as IN 34823 929 36 expressed express VBN 34823 929 37 in in IN 34823 929 38 the the DT 34823 929 39 modern modern JJ 34823 929 40 curves curve NNS 34823 929 41 , , , 34823 929 42 with with IN 34823 929 43 the the DT 34823 929 44 assumption assumption NN 34823 929 45 of of IN 34823 929 46 a a DT 34823 929 47 fixed fix VBN 34823 929 48 value value NN 34823 929 49 of of IN 34823 929 50 the the DT 34823 929 51 money money NN 34823 929 52 - - HYPH 34823 929 53 unit unit NN 34823 929 54 . . . 34823 930 1 Costs cost NNS 34823 930 2 consists consist VBZ 34823 930 3 of of IN 34823 930 4 entrepreneur entrepreneur NN 34823 930 5 money money NN 34823 930 6 outlay outlay NN 34823 930 7 of of IN 34823 930 8 various various JJ 34823 930 9 kinds kind NNS 34823 930 10 , , , 34823 930 11 chiefly chiefly RB 34823 930 12 wages wage NNS 34823 930 13 , , , 34823 930 14 interest interest NN 34823 930 15 , , , 34823 930 16 and and CC 34823 930 17 rent rent NN 34823 930 18 . . . 34823 931 1 Rent rent NN 34823 931 2 is be VBZ 34823 931 3 , , , 34823 931 4 for for IN 34823 931 5 the the DT 34823 931 6 Austrians Austrians NNPS 34823 931 7 , , , 34823 931 8 as as RB 34823 931 9 much much RB 34823 931 10 a a DT 34823 931 11 cost cost NN 34823 931 12 as as IN 34823 931 13 any any DT 34823 931 14 other other JJ 34823 931 15 item item NN 34823 931 16 of of IN 34823 931 17 entrepreneur entrepreneur NN 34823 931 18 outlay outlay NN 34823 931 19 . . . 34823 932 1 But but CC 34823 932 2 these these DT 34823 932 3 items item NNS 34823 932 4 of of IN 34823 932 5 cost cost NN 34823 932 6 are be VBP 34823 932 7 not not RB 34823 932 8 ultimate ultimate JJ 34823 932 9 data datum NNS 34823 932 10 . . . 34823 933 1 They -PRON- PRP 34823 933 2 are be VBP 34823 933 3 rather rather RB 34823 933 4 reflections reflection NNS 34823 933 5 of of IN 34823 933 6 the the DT 34823 933 7 positive positive JJ 34823 933 8 values value NNS 34823 933 9 of of IN 34823 933 10 the the DT 34823 933 11 products product NNS 34823 933 12 . . . 34823 934 1 Value value NN 34823 934 2 runs run VBZ 34823 934 3 from from IN 34823 934 4 finished finished JJ 34823 934 5 product product NN 34823 934 6 to to IN 34823 934 7 agents agent NNS 34823 934 8 of of IN 34823 934 9 production production NN 34823 934 10 , , , 34823 934 11 labor labor NN 34823 934 12 , , , 34823 934 13 and and CC 34823 934 14 instrumental instrumental JJ 34823 934 15 goods good NNS 34823 934 16 , , , 34823 934 17 and and CC 34823 934 18 land land NN 34823 934 19 . . . 34823 935 1 Avoiding avoid VBG 34823 935 2 needless needless JJ 34823 935 3 complications complication NNS 34823 935 4 from from IN 34823 935 5 a a DT 34823 935 6 discussion discussion NN 34823 935 7 of of IN 34823 935 8 interest interest NN 34823 935 9 as as IN 34823 935 10 a a DT 34823 935 11 factor factor NN 34823 935 12 in in IN 34823 935 13 cost cost NN 34823 935 14 -- -- : 34823 935 15 a a DT 34823 935 16 doctrine doctrine NN 34823 935 17 on on IN 34823 935 18 which which WDT 34823 935 19 the the DT 34823 935 20 Austrians Austrians NNPS 34823 935 21 , , , 34823 935 22 say say VBP 34823 935 23 Wieser Wieser NNP 34823 935 24 and and CC 34823 935 25 Böhm Böhm NNP 34823 935 26 - - HYPH 34823 935 27 Bawerk Bawerk NNP 34823 935 28 , , , 34823 935 29 are be VBP 34823 935 30 not not RB 34823 935 31 agreed,--it agreed,--it JJ 34823 935 32 is be VBZ 34823 935 33 enough enough JJ 34823 935 34 to to TO 34823 935 35 point point VB 34823 935 36 out out RP 34823 935 37 that that IN 34823 935 38 high high JJ 34823 935 39 wages wage NNS 34823 935 40 or or CC 34823 935 41 high high JJ 34823 935 42 rents rent NNS 34823 935 43 , , , 34823 935 44 which which WDT 34823 935 45 limit limit VBP 34823 935 46 production production NN 34823 935 47 in in IN 34823 935 48 any any DT 34823 935 49 given give VBN 34823 935 50 industry industry NN 34823 935 51 or or CC 34823 935 52 establishment establishment NN 34823 935 53 , , , 34823 935 54 are be VBP 34823 935 55 high high JJ 34823 935 56 _ _ NNP 34823 935 57 because because IN 34823 935 58 _ _ NNP 34823 935 59 the the DT 34823 935 60 land land NN 34823 935 61 and and CC 34823 935 62 labor labor NN 34823 935 63 in in IN 34823 935 64 question question NN 34823 935 65 have have VBP 34823 935 66 _ _ NNP 34823 935 67 alternative alternative NN 34823 935 68 _ _ NNP 34823 935 69 uses use VBZ 34823 935 70 , , , 34823 935 71 because because IN 34823 935 72 other other JJ 34823 935 73 industries industry NNS 34823 935 74 , , , 34823 935 75 or or CC 34823 935 76 other other JJ 34823 935 77 competitors competitor NNS 34823 935 78 in in IN 34823 935 79 the the DT 34823 935 80 same same JJ 34823 935 81 industry industry NN 34823 935 82 , , , 34823 935 83 bid bid VBN 34823 935 84 for for IN 34823 935 85 them -PRON- PRP 34823 935 86 . . . 34823 936 1 Cost cost NN 34823 936 2 - - HYPH 34823 936 3 curves curve NNS 34823 936 4 , , , 34823 936 5 then then RB 34823 936 6 , , , 34823 936 7 are be VBP 34823 936 8 reflections reflection NNS 34823 936 9 of of IN 34823 936 10 demand demand NN 34823 936 11 - - HYPH 34823 936 12 curves curve NNS 34823 936 13 . . . 34823 937 1 The the DT 34823 937 2 cost cost NN 34823 937 3 - - HYPH 34823 937 4 curve curve NN 34823 937 5 of of IN 34823 937 6 wheat wheat NN 34823 937 7 , , , 34823 937 8 _ _ NNP 34823 937 9 e. e. NNP 34823 938 1 g. g. NNP 34823 938 2 _ _ NNP 34823 938 3 , , , 34823 938 4 is be VBZ 34823 938 5 what what WP 34823 938 6 it -PRON- PRP 34823 938 7 is be VBZ 34823 938 8 because because IN 34823 938 9 of of IN 34823 938 10 the the DT 34823 938 11 demand demand NN 34823 938 12 - - HYPH 34823 938 13 curve curve NN 34823 938 14 for for IN 34823 938 15 corn corn NN 34823 938 16 , , , 34823 938 17 for for IN 34823 938 18 cattle cattle NNS 34823 938 19 , , , 34823 938 20 and and CC 34823 938 21 for for IN 34823 938 22 every every DT 34823 938 23 other other JJ 34823 938 24 commodity commodity NN 34823 938 25 that that WDT 34823 938 26 could could MD 34823 938 27 be be VB 34823 938 28 produced produce VBN 34823 938 29 with with IN 34823 938 30 the the DT 34823 938 31 same same JJ 34823 938 32 labor labor NN 34823 938 33 and and CC 34823 938 34 land land NN 34823 938 35 . . . 34823 939 1 Cost cost NN 34823 939 2 doctrine doctrine NN 34823 939 3 thus thus RB 34823 939 4 becomes become VBZ 34823 939 5 part part NN 34823 939 6 of of IN 34823 939 7 the the DT 34823 939 8 general general JJ 34823 939 9 doctrine doctrine NN 34823 939 10 of of IN 34823 939 11 supply supply NN 34823 939 12 and and CC 34823 939 13 demand demand NN 34823 939 14 , , , 34823 939 15 and and CC 34823 939 16 runs run VBZ 34823 939 17 in in IN 34823 939 18 pecuniary pecuniary JJ 34823 939 19 terms term NNS 34823 939 20 , , , 34823 939 21 assuming assume VBG 34823 939 22 money money NN 34823 939 23 , , , 34823 939 24 and and CC 34823 939 25 a a DT 34823 939 26 fixed fix VBN 34823 939 27 value value NN 34823 939 28 of of IN 34823 939 29 money money NN 34823 939 30 , , , 34823 939 31 and and CC 34823 939 32 hence hence RB 34823 939 33 is be VBZ 34823 939 34 incapable incapable JJ 34823 939 35 of of IN 34823 939 36 serving serve VBG 34823 939 37 as as IN 34823 939 38 a a DT 34823 939 39 theory theory NN 34823 939 40 of of IN 34823 939 41 the the DT 34823 939 42 value value NN 34823 939 43 of of IN 34823 939 44 money money NN 34823 939 45 itself -PRON- PRP 34823 939 46 . . . 34823 940 1 That that IN 34823 940 2 some some DT 34823 940 3 vaguer vaguer FW 34823 940 4 form form NN 34823 940 5 of of IN 34823 940 6 cost cost NN 34823 940 7 doctrine doctrine NN 34823 940 8 , , , 34823 940 9 where where WRB 34823 940 10 the the DT 34823 940 11 unit unit NN 34823 940 12 of of IN 34823 940 13 cost cost NN 34823 940 14 is be VBZ 34823 940 15 , , , 34823 940 16 not not RB 34823 940 17 money money NN 34823 940 18 , , , 34823 940 19 but but CC 34823 940 20 some some DT 34823 940 21 composite composite JJ 34823 940 22 commodity commodity NN 34823 940 23 of of IN 34823 940 24 things thing NNS 34823 940 25 used use VBN 34823 940 26 in in IN 34823 940 27 the the DT 34823 940 28 production production NN 34823 940 29 of of IN 34823 940 30 the the DT 34823 940 31 standard standard JJ 34823 940 32 money money NN 34823 940 33 metal metal NN 34823 940 34 , , , 34823 940 35 or or CC 34823 940 36 a a DT 34823 940 37 unit unit NN 34823 940 38 of of IN 34823 940 39 abstract abstract JJ 34823 940 40 value value NN 34823 940 41 , , , 34823 940 42 might may MD 34823 940 43 be be VB 34823 940 44 worked work VBN 34823 940 45 out out RP 34823 940 46 , , , 34823 940 47 is be VBZ 34823 940 48 doubtless doubtless RB 34823 940 49 true true JJ 34823 940 50 . . . 34823 941 1 Gold gold NN 34823 941 2 production production NN 34823 941 3 , , , 34823 941 4 like like IN 34823 941 5 other other JJ 34823 941 6 industry industry NN 34823 941 7 , , , 34823 941 8 is be VBZ 34823 941 9 part part NN 34823 941 10 of of IN 34823 941 11 the the DT 34823 941 12 general general JJ 34823 941 13 economic economic JJ 34823 941 14 scheme scheme NN 34823 941 15 , , , 34823 941 16 and and CC 34823 941 17 there there EX 34823 941 18 is be VBZ 34823 941 19 some some DT 34823 941 20 sort sort NN 34823 941 21 of of IN 34823 941 22 equilibrium equilibrium NN 34823 941 23 reached reach VBD 34823 941 24 which which WDT 34823 941 25 draws draw VBZ 34823 941 26 labor labor NN 34823 941 27 and and CC 34823 941 28 capital capital NN 34823 941 29 now now RB 34823 941 30 away away RB 34823 941 31 from from IN 34823 941 32 , , , 34823 941 33 and and CC 34823 941 34 now now RB 34823 941 35 back back RB 34823 941 36 to to IN 34823 941 37 , , , 34823 941 38 the the DT 34823 941 39 gold gold NN 34823 941 40 mine mine NN 34823 941 41 . . . 34823 942 1 To to TO 34823 942 2 bring bring VB 34823 942 3 this this DT 34823 942 4 equilibrium equilibrium NN 34823 942 5 into into IN 34823 942 6 the the DT 34823 942 7 general general JJ 34823 942 8 scheme scheme NN 34823 942 9 of of IN 34823 942 10 the the DT 34823 942 11 modern modern JJ 34823 942 12 theory theory NN 34823 942 13 of of IN 34823 942 14 costs cost NNS 34823 942 15 , , , 34823 942 16 however however RB 34823 942 17 , , , 34823 942 18 in in IN 34823 942 19 terms term NNS 34823 942 20 precise precise JJ 34823 942 21 enough enough RB 34823 942 22 to to TO 34823 942 23 make make VB 34823 942 24 a a DT 34823 942 25 satisfactory satisfactory JJ 34823 942 26 theory theory NN 34823 942 27 of of IN 34823 942 28 the the DT 34823 942 29 value value NN 34823 942 30 of of IN 34823 942 31 money money NN 34823 942 32 , , , 34823 942 33 is be VBZ 34823 942 34 a a DT 34823 942 35 thing thing NN 34823 942 36 which which WDT 34823 942 37 has have VBZ 34823 942 38 not not RB 34823 942 39 so so RB 34823 942 40 far far RB 34823 942 41 been be VBN 34823 942 42 done do VBN 34823 942 43 , , , 34823 942 44 and and CC 34823 942 45 I -PRON- PRP 34823 942 46 do do VBP 34823 942 47 not not RB 34823 942 48 have have VB 34823 942 49 high high JJ 34823 942 50 hopes hope NNS 34823 942 51 of of IN 34823 942 52 its -PRON- PRP$ 34823 942 53 early early JJ 34823 942 54 accomplishment accomplishment NN 34823 942 55 . . . 34823 943 1 In in IN 34823 943 2 any any DT 34823 943 3 case case NN 34823 943 4 , , , 34823 943 5 such such PDT 34823 943 6 a a DT 34823 943 7 theory theory NN 34823 943 8 must must MD 34823 943 9 rest rest VB 34823 943 10 upon upon IN 34823 943 11 a a DT 34823 943 12 positive positive JJ 34823 943 13 theory theory NN 34823 943 14 of of IN 34823 943 15 value value NN 34823 943 16 . . . 34823 944 1 Cost cost NN 34823 944 2 doctrine doctrine NN 34823 944 3 is be VBZ 34823 944 4 negative negative JJ 34823 944 5 , , , 34823 944 6 and and CC 34823 944 7 can can MD 34823 944 8 never never RB 34823 944 9 be be VB 34823 944 10 fundamental fundamental JJ 34823 944 11 . . . 34823 945 1 [ [ -LRB- 34823 945 2 57 57 CD 34823 945 3 ] ] -RRB- 34823 945 4 CHAPTER CHAPTER NNP 34823 945 5 IV IV NNP 34823 945 6 THE the DT 34823 945 7 CAPITALIZATION CAPITALIZATION NNP 34823 945 8 THEORY THEORY NNS 34823 945 9 AND and CC 34823 945 10 THE the DT 34823 945 11 VALUE value NN 34823 945 12 OF of IN 34823 945 13 MONEY money NN 34823 945 14 Money money NN 34823 945 15 is be VBZ 34823 945 16 capital capital NN 34823 945 17 . . . 34823 946 1 A a DT 34823 946 2 dollar dollar NN 34823 946 3 is be VBZ 34823 946 4 a a DT 34823 946 5 capital capital NN 34823 946 6 - - HYPH 34823 946 7 good good JJ 34823 946 8 . . . 34823 947 1 Money money NN 34823 947 2 is be VBZ 34823 947 3 , , , 34823 947 4 moreover moreover RB 34823 947 5 , , , 34823 947 6 a a DT 34823 947 7 durable durable JJ 34823 947 8 form form NN 34823 947 9 of of IN 34823 947 10 capital capital NN 34823 947 11 , , , 34823 947 12 which which WDT 34823 947 13 gives give VBZ 34823 947 14 forth forth RB 34823 947 15 its -PRON- PRP$ 34823 947 16 services service NNS 34823 947 17 bit bit NN 34823 947 18 by by IN 34823 947 19 bit bit NN 34823 947 20 , , , 34823 947 21 and and CC 34823 947 22 indeed indeed RB 34823 947 23 , , , 34823 947 24 in in IN 34823 947 25 a a DT 34823 947 26 community community NN 34823 947 27 where where WRB 34823 947 28 the the DT 34823 947 29 state state NN 34823 947 30 bears bear VBZ 34823 947 31 the the DT 34823 947 32 burden burden NN 34823 947 33 of of IN 34823 947 34 wear wear NN 34823 947 35 and and CC 34823 947 36 tear tear NN 34823 947 37 , , , 34823 947 38 never never RB 34823 947 39 ceases cease VBZ 34823 947 40 to to TO 34823 947 41 give give VB 34823 947 42 forth forth RP 34823 947 43 those those DT 34823 947 44 services service NNS 34823 947 45 . . . 34823 948 1 In in IN 34823 948 2 any any DT 34823 948 3 case case NN 34823 948 4 , , , 34823 948 5 from from IN 34823 948 6 the the DT 34823 948 7 standpoint standpoint NN 34823 948 8 of of IN 34823 948 9 a a DT 34823 948 10 given give VBN 34823 948 11 individual individual NN 34823 948 12 , , , 34823 948 13 so so RB 34823 948 14 long long RB 34823 948 15 as as IN 34823 948 16 there there EX 34823 948 17 is be VBZ 34823 948 18 a a DT 34823 948 19 limit limit NN 34823 948 20 of of IN 34823 948 21 tolerance tolerance NN 34823 948 22 prescribed prescribe VBN 34823 948 23 for for IN 34823 948 24 legal legal JJ 34823 948 25 tender tender NN 34823 948 26 , , , 34823 948 27 it -PRON- PRP 34823 948 28 is be VBZ 34823 948 29 a a DT 34823 948 30 matter matter NN 34823 948 31 of of IN 34823 948 32 accident accident NN 34823 948 33 if if IN 34823 948 34 he -PRON- PRP 34823 948 35 ever ever RB 34823 948 36 incurs incur VBZ 34823 948 37 a a DT 34823 948 38 loss loss NN 34823 948 39 from from IN 34823 948 40 the the DT 34823 948 41 wastage wastage NN 34823 948 42 of of IN 34823 948 43 the the DT 34823 948 44 capital capital NN 34823 948 45 instrument instrument NN 34823 948 46 , , , 34823 948 47 money money NN 34823 948 48 , , , 34823 948 49 through through IN 34823 948 50 wear wear NN 34823 948 51 and and CC 34823 948 52 tear tear NN 34823 948 53 . . . 34823 949 1 Moreover moreover RB 34823 949 2 , , , 34823 949 3 the the DT 34823 949 4 fact fact NN 34823 949 5 that that IN 34823 949 6 money money NN 34823 949 7 is be VBZ 34823 949 8 " " `` 34823 949 9 fungible fungible JJ 34823 949 10 , , , 34823 949 11 " " '' 34823 949 12 and and CC 34823 949 13 that that IN 34823 949 14 its -PRON- PRP$ 34823 949 15 use use NN 34823 949 16 is be VBZ 34823 949 17 to to TO 34823 949 18 be be VB 34823 949 19 found find VBN 34823 949 20 in in IN 34823 949 21 a a DT 34823 949 22 process process NN 34823 949 23 which which WDT 34823 949 24 commonly commonly RB 34823 949 25 returns return VBZ 34823 949 26 to to IN 34823 949 27 the the DT 34823 949 28 owner owner NN 34823 949 29 , , , 34823 949 30 not not RB 34823 949 31 the the DT 34823 949 32 same same JJ 34823 949 33 coin coin NN 34823 949 34 , , , 34823 949 35 but but CC 34823 949 36 a a DT 34823 949 37 different different JJ 34823 949 38 coin coin NN 34823 949 39 , , , 34823 949 40 we -PRON- PRP 34823 949 41 may may MD 34823 949 42 , , , 34823 949 43 in in IN 34823 949 44 general general JJ 34823 949 45 , , , 34823 949 46 abstract abstract JJ 34823 949 47 from from IN 34823 949 48 the the DT 34823 949 49 wear wear NN 34823 949 50 and and CC 34823 949 51 tear tear NN 34823 949 52 of of IN 34823 949 53 the the DT 34823 949 54 dollar dollar NN 34823 949 55 , , , 34823 949 56 and and CC 34823 949 57 look look VB 34823 949 58 upon upon IN 34823 949 59 the the DT 34823 949 60 dollar dollar NN 34823 949 61 as as IN 34823 949 62 a a DT 34823 949 63 capital capital NN 34823 949 64 instrument instrument NN 34823 949 65 which which WDT 34823 949 66 promises promise VBZ 34823 949 67 its -PRON- PRP$ 34823 949 68 owner owner NN 34823 949 69 , , , 34823 949 70 if if IN 34823 949 71 he -PRON- PRP 34823 949 72 chooses choose VBZ 34823 949 73 to to TO 34823 949 74 use use VB 34823 949 75 it -PRON- PRP 34823 949 76 as as IN 34823 949 77 capital capital NN 34823 949 78 , , , 34823 949 79 a a DT 34823 949 80 perpetual perpetual JJ 34823 949 81 annuity annuity NN 34823 949 82 . . . 34823 950 1 The the DT 34823 950 2 nature nature NN 34823 950 3 of of IN 34823 950 4 this this DT 34823 950 5 money money NN 34823 950 6 service service NN 34823 950 7 will will MD 34823 950 8 be be VB 34823 950 9 more more RBR 34823 950 10 fully fully RB 34823 950 11 described describe VBN 34823 950 12 later later RB 34823 950 13 . . . 34823 951 1 For for IN 34823 951 2 the the DT 34823 951 3 present present NN 34823 951 4 it -PRON- PRP 34823 951 5 is be VBZ 34823 951 6 sufficient sufficient JJ 34823 951 7 to to TO 34823 951 8 say say VB 34823 951 9 that that IN 34823 951 10 exchange exchange NN 34823 951 11 is be VBZ 34823 951 12 a a DT 34823 951 13 productive productive JJ 34823 951 14 process process NN 34823 951 15 , , , 34823 951 16 that that IN 34823 951 17 exchange exchange NN 34823 951 18 creates create VBZ 34823 951 19 values value NNS 34823 951 20 , , , 34823 951 21 in in IN 34823 951 22 as as RB 34823 951 23 true true JJ 34823 951 24 a a DT 34823 951 25 sense sense NN 34823 951 26 as as IN 34823 951 27 manufacturing manufacturing NN 34823 951 28 does do VBZ 34823 951 29 , , , 34823 951 30 and and CC 34823 951 31 that that IN 34823 951 32 money money NN 34823 951 33 facilitates facilitate VBZ 34823 951 34 exchange exchange NN 34823 951 35 in in IN 34823 951 36 as as RB 34823 951 37 true true JJ 34823 951 38 a a DT 34823 951 39 sense sense NN 34823 951 40 as as IN 34823 951 41 coal coal NN 34823 951 42 facilitates facilitate NNS 34823 951 43 manufacturing manufacturing NN 34823 951 44 . . . 34823 952 1 There there EX 34823 952 2 is be VBZ 34823 952 3 , , , 34823 952 4 at at IN 34823 952 5 any any DT 34823 952 6 given give VBN 34823 952 7 time time NN 34823 952 8 , , , 34823 952 9 a a DT 34823 952 10 demand demand NN 34823 952 11 - - HYPH 34823 952 12 curve curve NN 34823 952 13 for for IN 34823 952 14 this this DT 34823 952 15 money money NN 34823 952 16 service service NN 34823 952 17 , , , 34823 952 18 manifesting manifest VBG 34823 952 19 itself -PRON- PRP 34823 952 20 in in IN 34823 952 21 the the DT 34823 952 22 money money NN 34823 952 23 market market NN 34823 952 24 , , , 34823 952 25 a a DT 34823 952 26 demand demand NN 34823 952 27 for for IN 34823 952 28 the the DT 34823 952 29 short short JJ 34823 952 30 time time NN 34823 952 31 use use NN 34823 952 32 of of IN 34823 952 33 money money NN 34823 952 34 as as IN 34823 952 35 a a DT 34823 952 36 tool tool NN 34823 952 37 of of IN 34823 952 38 exchange exchange NN 34823 952 39 , , , 34823 952 40 and and CC 34823 952 41 the the DT 34823 952 42 " " `` 34823 952 43 prices price NNS 34823 952 44 " " '' 34823 952 45 which which WDT 34823 952 46 come come VBP 34823 952 47 out out IN 34823 952 48 of of IN 34823 952 49 the the DT 34823 952 50 interaction interaction NN 34823 952 51 of of IN 34823 952 52 demand demand NN 34823 952 53 and and CC 34823 952 54 supply supply NN 34823 952 55 in in IN 34823 952 56 the the DT 34823 952 57 money money NN 34823 952 58 market market NN 34823 952 59 are be VBP 34823 952 60 the the DT 34823 952 61 short short JJ 34823 952 62 time time NN 34823 952 63 " " `` 34823 952 64 money money NN 34823 952 65 rates rate NNS 34823 952 66 " " '' 34823 952 67 including include VBG 34823 952 68 the the DT 34823 952 69 " " `` 34823 952 70 call call NN 34823 952 71 rates rate NNS 34823 952 72 . . . 34823 952 73 " " '' 34823 953 1 These these DT 34823 953 2 are be VBP 34823 953 3 properly properly RB 34823 953 4 to to TO 34823 953 5 be be VB 34823 953 6 conceived conceive VBN 34823 953 7 , , , 34823 953 8 not not RB 34823 953 9 as as RB 34823 953 10 pure pure JJ 34823 953 11 interest interest NN 34823 953 12 on on IN 34823 953 13 abstract abstract JJ 34823 953 14 capital capital NN 34823 953 15 , , , 34823 953 16 but but CC 34823 953 17 as as IN 34823 953 18 rents[58 rents[58 NNP 34823 953 19 ] ] -RRB- 34823 953 20 which which WDT 34823 953 21 are be VBP 34823 953 22 to to TO 34823 953 23 be be VB 34823 953 24 attributed attribute VBN 34823 953 25 to to IN 34823 953 26 money money NN 34823 953 27 as as IN 34823 953 28 a a DT 34823 953 29 concrete concrete JJ 34823 953 30 tool tool NN 34823 953 31 . . . 34823 954 1 Now now RB 34823 954 2 , , , 34823 954 3 in in IN 34823 954 4 general general JJ 34823 954 5 , , , 34823 954 6 when when WRB 34823 954 7 such such JJ 34823 954 8 rents rent NNS 34823 954 9 appear appear VBP 34823 954 10 , , , 34823 954 11 they -PRON- PRP 34823 954 12 may may MD 34823 954 13 be be VB 34823 954 14 capitalized capitalize VBN 34823 954 15 . . . 34823 955 1 And and CC 34823 955 2 the the DT 34823 955 3 price price NN 34823 955 4 of of IN 34823 955 5 the the DT 34823 955 6 instrument instrument NN 34823 955 7 of of IN 34823 955 8 production production NN 34823 955 9 that that WDT 34823 955 10 bears bear VBZ 34823 955 11 these these DT 34823 955 12 rents rent NNS 34823 955 13 , , , 34823 955 14 will will MD 34823 955 15 be be VB 34823 955 16 the the DT 34823 955 17 sum sum NN 34823 955 18 of of IN 34823 955 19 the the DT 34823 955 20 rents rent NNS 34823 955 21 , , , 34823 955 22 discounted discount VBN 34823 955 23 at at IN 34823 955 24 the the DT 34823 955 25 prevailing prevail VBG 34823 955 26 rate rate NN 34823 955 27 of of IN 34823 955 28 interest interest NN 34823 955 29 , , , 34823 955 30 with with IN 34823 955 31 considerations consideration NNS 34823 955 32 of of IN 34823 955 33 risk risk NN 34823 955 34 , , , 34823 955 35 etc etc FW 34823 955 36 . . . 34823 955 37 , , , 34823 955 38 allowed allow VBN 34823 955 39 for for IN 34823 955 40 . . . 34823 956 1 The the DT 34823 956 2 reasoning reasoning NN 34823 956 3 of of IN 34823 956 4 the the DT 34823 956 5 capitalization capitalization NN 34823 956 6 theory theory NN 34823 956 7 is be VBZ 34823 956 8 really really RB 34823 956 9 quite quite RB 34823 956 10 simple simple JJ 34823 956 11 . . . 34823 957 1 Take take VB 34823 957 2 , , , 34823 957 3 for for IN 34823 957 4 example example NN 34823 957 5 , , , 34823 957 6 a a DT 34823 957 7 piece piece NN 34823 957 8 of of IN 34823 957 9 urban urban JJ 34823 957 10 site site NN 34823 957 11 land land NN 34823 957 12 , , , 34823 957 13 which which WDT 34823 957 14 is be VBZ 34823 957 15 expected expect VBN 34823 957 16 to to TO 34823 957 17 bring bring VB 34823 957 18 a a DT 34823 957 19 perpetual perpetual JJ 34823 957 20 annuity annuity NN 34823 957 21 of of IN 34823 957 22 one one CD 34823 957 23 hundred hundred CD 34823 957 24 dollars dollar NNS 34823 957 25 . . . 34823 958 1 The the DT 34823 958 2 whole whole JJ 34823 958 3 economic economic JJ 34823 958 4 significance significance NN 34823 958 5 of of IN 34823 958 6 the the DT 34823 958 7 land land NN 34823 958 8 is be VBZ 34823 958 9 contained contain VBN 34823 958 10 in in IN 34823 958 11 its -PRON- PRP$ 34823 958 12 services service NNS 34823 958 13 , , , 34823 958 14 present present JJ 34823 958 15 and and CC 34823 958 16 prospective prospective JJ 34823 958 17 . . . 34823 959 1 The the DT 34823 959 2 possession possession NN 34823 959 3 of of IN 34823 959 4 land land NN 34823 959 5 under under IN 34823 959 6 certain certain JJ 34823 959 7 circumstances circumstance NNS 34823 959 8 brings bring VBZ 34823 959 9 other other JJ 34823 959 10 services service NNS 34823 959 11 , , , 34823 959 12 as as IN 34823 959 13 social social JJ 34823 959 14 prestige prestige NN 34823 959 15 , , , 34823 959 16 than than IN 34823 959 17 the the DT 34823 959 18 services service NNS 34823 959 19 which which WDT 34823 959 20 can can MD 34823 959 21 be be VB 34823 959 22 alienated alienate VBN 34823 959 23 to to IN 34823 959 24 a a DT 34823 959 25 lessee lessee NN 34823 959 26 . . . 34823 960 1 But but CC 34823 960 2 in in IN 34823 960 3 this this DT 34823 960 4 case case NN 34823 960 5 I -PRON- PRP 34823 960 6 am be VBP 34823 960 7 abstracting abstract VBG 34823 960 8 from from IN 34823 960 9 considerations consideration NNS 34823 960 10 of of IN 34823 960 11 that that DT 34823 960 12 sort sort NN 34823 960 13 , , , 34823 960 14 and and CC 34823 960 15 also also RB 34823 960 16 from from IN 34823 960 17 the the DT 34823 960 18 factor factor NN 34823 960 19 of of IN 34823 960 20 risk risk NN 34823 960 21 . . . 34823 961 1 The the DT 34823 961 2 whole whole JJ 34823 961 3 value value NN 34823 961 4 of of IN 34823 961 5 the the DT 34823 961 6 piece piece NN 34823 961 7 of of IN 34823 961 8 land land NN 34823 961 9 under under IN 34823 961 10 consideration consideration NN 34823 961 11 comes come VBZ 34823 961 12 from from IN 34823 961 13 the the DT 34823 961 14 value value NN 34823 961 15 of of IN 34823 961 16 the the DT 34823 961 17 one one CD 34823 961 18 hundred hundred CD 34823 961 19 dollars dollar NNS 34823 961 20 a a DT 34823 961 21 year year NN 34823 961 22 . . . 34823 962 1 But but CC 34823 962 2 these these DT 34823 962 3 annual annual JJ 34823 962 4 incomes income NNS 34823 962 5 are be VBP 34823 962 6 not not RB 34823 962 7 all all DT 34823 962 8 equally equally RB 34823 962 9 valuable valuable JJ 34823 962 10 , , , 34823 962 11 even even RB 34823 962 12 though though IN 34823 962 13 all all DT 34823 962 14 expressed express VBN 34823 962 15 as as IN 34823 962 16 one one CD 34823 962 17 hundred hundred CD 34823 962 18 dollars dollar NNS 34823 962 19 . . . 34823 963 1 The the DT 34823 963 2 first first JJ 34823 963 3 one one CD 34823 963 4 hundred hundred CD 34823 963 5 dollars dollar NNS 34823 963 6 is be VBZ 34823 963 7 due due JJ 34823 963 8 one one CD 34823 963 9 year year NN 34823 963 10 hence hence RB 34823 963 11 , , , 34823 963 12 the the DT 34823 963 13 tenth tenth JJ 34823 963 14 ten ten CD 34823 963 15 years year NNS 34823 963 16 hence hence RB 34823 963 17 , , , 34823 963 18 the the DT 34823 963 19 thousandth thousandth NN 34823 963 20 , , , 34823 963 21 a a DT 34823 963 22 thousand thousand CD 34823 963 23 years year NNS 34823 963 24 hence hence RB 34823 963 25 . . . 34823 964 1 The the DT 34823 964 2 principle principle NN 34823 964 3 of of IN 34823 964 4 perspective perspective NN 34823 964 5 comes come VBZ 34823 964 6 in in RP 34823 964 7 -- -- : 34823 964 8 I -PRON- PRP 34823 964 9 abstain abstain VBP 34823 964 10 from from IN 34823 964 11 any any DT 34823 964 12 detailed detailed JJ 34823 964 13 discussion discussion NN 34823 964 14 of of IN 34823 964 15 the the DT 34823 964 16 theory theory NN 34823 964 17 of of IN 34823 964 18 interest interest NN 34823 964 19 , , , 34823 964 20 simply simply RB 34823 964 21 stating state VBG 34823 964 22 that that IN 34823 964 23 in in IN 34823 964 24 a a DT 34823 964 25 general general JJ 34823 964 26 way way NN 34823 964 27 I -PRON- PRP 34823 964 28 agree agree VBP 34823 964 29 with with IN 34823 964 30 the the DT 34823 964 31 contention contention NN 34823 964 32 that that IN 34823 964 33 _ _ NNP 34823 964 34 time time NN 34823 964 35 _ _ NNP 34823 964 36 constitutes constitute VBZ 34823 964 37 the the DT 34823 964 38 essence essence NN 34823 964 39 of of IN 34823 964 40 the the DT 34823 964 41 phenomenon phenomenon NN 34823 964 42 , , , 34823 964 43 or or CC 34823 964 44 rather rather RB 34823 964 45 , , , 34823 964 46 the the DT 34823 964 47 tendency tendency NN 34823 964 48 to to TO 34823 964 49 discount discount VB 34823 964 50 the the DT 34823 964 51 future future NN 34823 964 52 . . . 34823 965 1 The the DT 34823 965 2 capital capital NN 34823 965 3 price price NN 34823 965 4 of of IN 34823 965 5 the the DT 34823 965 6 land land NN 34823 965 7 is be VBZ 34823 965 8 the the DT 34823 965 9 sum sum NN 34823 965 10 of of IN 34823 965 11 an an DT 34823 965 12 infinite infinite JJ 34823 965 13 convergent convergent NN 34823 965 14 series series NN 34823 965 15 of of IN 34823 965 16 the the DT 34823 965 17 " " `` 34823 965 18 present present JJ 34823 965 19 worths worth NNS 34823 965 20 " " '' 34823 965 21 of of IN 34823 965 22 the the DT 34823 965 23 incomes income NNS 34823 965 24 . . . 34823 966 1 The the DT 34823 966 2 formula formula NN 34823 966 3 is be VBZ 34823 966 4 as as IN 34823 966 5 follows follow VBZ 34823 966 6 : : : 34823 966 7 capital capital NN 34823 966 8 price price NN 34823 966 9 of of IN 34823 966 10 land land NN 34823 966 11 = = SYM 34823 966 12 $ $ $ 34823 966 13 100/1.05 100/1.05 CD 34823 966 14 + + CD 34823 966 15 $ $ $ 34823 966 16 100/(1.05)^2 100/(1.05)^2 CD 34823 966 17 + + SYM 34823 966 18 $ $ $ 34823 966 19 100/(1.05)^3 100/(1.05)^3 CD 34823 966 20 ... ... NFP 34823 966 21 + + CC 34823 966 22 $ $ $ 34823 966 23 100/(1.05)^n 100/(1.05)^n CD 34823 966 24 when when WRB 34823 966 25 the the DT 34823 966 26 rate rate NN 34823 966 27 of of IN 34823 966 28 interest interest NN 34823 966 29 is be VBZ 34823 966 30 5 5 CD 34823 966 31 % % NN 34823 966 32 . . . 34823 967 1 The the DT 34823 967 2 limit limit NN 34823 967 3 of of IN 34823 967 4 this this DT 34823 967 5 series series NN 34823 967 6 , , , 34823 967 7 assuming assume VBG 34823 967 8 the the DT 34823 967 9 series series NN 34823 967 10 to to TO 34823 967 11 be be VB 34823 967 12 infinite infinite JJ 34823 967 13 , , , 34823 967 14 is be VBZ 34823 967 15 $ $ $ 34823 967 16 2000 2000 CD 34823 967 17 , , , 34823 967 18 and and CC 34823 967 19 a a DT 34823 967 20 simple simple JJ 34823 967 21 formula formula NN 34823 967 22 for for IN 34823 967 23 calculating calculate VBG 34823 967 24 it -PRON- PRP 34823 967 25 under under IN 34823 967 26 the the DT 34823 967 27 assumptions assumption NNS 34823 967 28 , , , 34823 967 29 is be VBZ 34823 967 30 to to TO 34823 967 31 divide divide VB 34823 967 32 $ $ $ 34823 967 33 100 100 CD 34823 967 34 , , , 34823 967 35 the the DT 34823 967 36 annual annual JJ 34823 967 37 income income NN 34823 967 38 , , , 34823 967 39 by by IN 34823 967 40 .05 .05 CD 34823 967 41 , , , 34823 967 42 the the DT 34823 967 43 rate rate NN 34823 967 44 of of IN 34823 967 45 interest interest NN 34823 967 46 . . . 34823 968 1 Given give VBN 34823 968 2 the the DT 34823 968 3 annual annual JJ 34823 968 4 income income NN 34823 968 5 , , , 34823 968 6 given give VBN 34823 968 7 the the DT 34823 968 8 prevailing prevail VBG 34823 968 9 rate rate NN 34823 968 10 of of IN 34823 968 11 interest interest NN 34823 968 12 , , , 34823 968 13 the the DT 34823 968 14 capital capital NN 34823 968 15 price price NN 34823 968 16 is be VBZ 34823 968 17 determined determine VBN 34823 968 18 . . . 34823 969 1 The the DT 34823 969 2 relation relation NN 34823 969 3 may may MD 34823 969 4 be be VB 34823 969 5 illustrated illustrate VBN 34823 969 6 , , , 34823 969 7 roughly roughly RB 34823 969 8 , , , 34823 969 9 by by IN 34823 969 10 the the DT 34823 969 11 figure figure NN 34823 969 12 of of IN 34823 969 13 a a DT 34823 969 14 candle candle NN 34823 969 15 , , , 34823 969 16 a a DT 34823 969 17 disk disk NN 34823 969 18 , , , 34823 969 19 and and CC 34823 969 20 the the DT 34823 969 21 shadow shadow NN 34823 969 22 of of IN 34823 969 23 the the DT 34823 969 24 disk disk NN 34823 969 25 on on IN 34823 969 26 the the DT 34823 969 27 wall wall NN 34823 969 28 . . . 34823 970 1 The the DT 34823 970 2 disk disk NN 34823 970 3 represents represent VBZ 34823 970 4 the the DT 34823 970 5 annual annual JJ 34823 970 6 income income NN 34823 970 7 , , , 34823 970 8 the the DT 34823 970 9 shadow shadow NN 34823 970 10 on on IN 34823 970 11 the the DT 34823 970 12 wall wall NN 34823 970 13 the the DT 34823 970 14 capital capital NN 34823 970 15 value value NN 34823 970 16 , , , 34823 970 17 and and CC 34823 970 18 the the DT 34823 970 19 distance distance NN 34823 970 20 between between IN 34823 970 21 the the DT 34823 970 22 flame flame NN 34823 970 23 and and CC 34823 970 24 the the DT 34823 970 25 disk disk NN 34823 970 26 the the DT 34823 970 27 rate rate NN 34823 970 28 of of IN 34823 970 29 interest interest NN 34823 970 30 . . . 34823 971 1 Increase increase VB 34823 971 2 the the DT 34823 971 3 distance distance NN 34823 971 4 between between IN 34823 971 5 the the DT 34823 971 6 flame flame NN 34823 971 7 and and CC 34823 971 8 the the DT 34823 971 9 disk disk NN 34823 971 10 , , , 34823 971 11 the the DT 34823 971 12 rate rate NN 34823 971 13 of of IN 34823 971 14 interest interest NN 34823 971 15 , , , 34823 971 16 and and CC 34823 971 17 the the DT 34823 971 18 shadow shadow NN 34823 971 19 becomes become VBZ 34823 971 20 smaller small JJR 34823 971 21 ; ; : 34823 971 22 shorten shorten VB 34823 971 23 the the DT 34823 971 24 distance distance NN 34823 971 25 , , , 34823 971 26 and and CC 34823 971 27 the the DT 34823 971 28 shadow shadow NN 34823 971 29 is be VBZ 34823 971 30 increased increase VBN 34823 971 31 . . . 34823 972 1 Similarly similarly RB 34823 972 2 , , , 34823 972 3 enlarge enlarge VB 34823 972 4 the the DT 34823 972 5 disk disk NN 34823 972 6 , , , 34823 972 7 and and CC 34823 972 8 the the DT 34823 972 9 shadow shadow NN 34823 972 10 is be VBZ 34823 972 11 enlarged enlarge VBN 34823 972 12 . . . 34823 973 1 The the DT 34823 973 2 capital capital NN 34823 973 3 value value NN 34823 973 4 varies vary VBZ 34823 973 5 directly directly RB 34823 973 6 with with IN 34823 973 7 the the DT 34823 973 8 annual annual JJ 34823 973 9 income income NN 34823 973 10 , , , 34823 973 11 and and CC 34823 973 12 inversely inversely RB 34823 973 13 with with IN 34823 973 14 the the DT 34823 973 15 rate rate NN 34823 973 16 of of IN 34823 973 17 discount discount NN 34823 973 18 . . . 34823 974 1 Now now RB 34823 974 2 my -PRON- PRP$ 34823 974 3 purpose purpose NN 34823 974 4 here here RB 34823 974 5 does do VBZ 34823 974 6 not not RB 34823 974 7 involve involve VB 34823 974 8 a a DT 34823 974 9 detailed detailed JJ 34823 974 10 examination examination NN 34823 974 11 of of IN 34823 974 12 the the DT 34823 974 13 validity validity NN 34823 974 14 or or CC 34823 974 15 limitations limitation NNS 34823 974 16 of of IN 34823 974 17 the the DT 34823 974 18 capitalization capitalization NN 34823 974 19 theory theory NN 34823 974 20 . . . 34823 975 1 For for IN 34823 975 2 the the DT 34823 975 3 present present NN 34823 975 4 , , , 34823 975 5 the the DT 34823 975 6 only only JJ 34823 975 7 question question NN 34823 975 8 is be VBZ 34823 975 9 , , , 34823 975 10 has have VBZ 34823 975 11 this this DT 34823 975 12 theory theory NN 34823 975 13 any any DT 34823 975 14 application application NN 34823 975 15 at at RB 34823 975 16 all all RB 34823 975 17 to to IN 34823 975 18 the the DT 34823 975 19 problem problem NN 34823 975 20 of of IN 34823 975 21 the the DT 34823 975 22 value value NN 34823 975 23 of of IN 34823 975 24 money money NN 34823 975 25 ? ? . 34823 976 1 It -PRON- PRP 34823 976 2 offers offer VBZ 34823 976 3 itself -PRON- PRP 34823 976 4 as as IN 34823 976 5 a a DT 34823 976 6 general general JJ 34823 976 7 theory theory NN 34823 976 8 of of IN 34823 976 9 the the DT 34823 976 10 values value NNS 34823 976 11 of of IN 34823 976 12 durable durable JJ 34823 976 13 bearers bearer NNS 34823 976 14 of of IN 34823 976 15 income income NN 34823 976 16 . . . 34823 977 1 Money money NN 34823 977 2 is be VBZ 34823 977 3 a a DT 34823 977 4 durable durable JJ 34823 977 5 bearer bearer NN 34823 977 6 of of IN 34823 977 7 income income NN 34823 977 8 . . . 34823 978 1 The the DT 34823 978 2 capitalization capitalization NN 34823 978 3 theory theory NN 34823 978 4 , , , 34823 978 5 however however RB 34823 978 6 , , , 34823 978 7 is be VBZ 34823 978 8 of of IN 34823 978 9 no no DT 34823 978 10 use use NN 34823 978 11 for for IN 34823 978 12 the the DT 34823 978 13 purpose purpose NN 34823 978 14 in in IN 34823 978 15 hand hand NN 34823 978 16 . . . 34823 979 1 Money money NN 34823 979 2 does do VBZ 34823 979 3 not not RB 34823 979 4 obey obey VB 34823 979 5 the the DT 34823 979 6 general general JJ 34823 979 7 law law NN 34823 979 8 in in IN 34823 979 9 the the DT 34823 979 10 relation relation NN 34823 979 11 which which WDT 34823 979 12 the the DT 34823 979 13 magnitude magnitude NN 34823 979 14 of of IN 34823 979 15 the the DT 34823 979 16 income income NN 34823 979 17 bears bear VBZ 34823 979 18 to to IN 34823 979 19 the the DT 34823 979 20 rate rate NN 34823 979 21 of of IN 34823 979 22 interest interest NN 34823 979 23 . . . 34823 980 1 In in IN 34823 980 2 general general JJ 34823 980 3 , , , 34823 980 4 the the DT 34823 980 5 income income NN 34823 980 6 and and CC 34823 980 7 the the DT 34823 980 8 rate rate NN 34823 980 9 of of IN 34823 980 10 discount discount NN 34823 980 11 are be VBP 34823 980 12 independent independent JJ 34823 980 13 variables variable NNS 34823 980 14 . . . 34823 981 1 Their -PRON- PRP$ 34823 981 2 influence influence NN 34823 981 3 , , , 34823 981 4 operating operate VBG 34823 981 5 in in IN 34823 981 6 opposite opposite JJ 34823 981 7 directions direction NNS 34823 981 8 , , , 34823 981 9 fixes fix VBZ 34823 981 10 the the DT 34823 981 11 capital capital NN 34823 981 12 value value NN 34823 981 13 , , , 34823 981 14 increasing increase VBG 34823 981 15 income income NN 34823 981 16 increasing increase VBG 34823 981 17 the the DT 34823 981 18 capital capital NN 34823 981 19 value value NN 34823 981 20 , , , 34823 981 21 increasing increase VBG 34823 981 22 discount discount NN 34823 981 23 rate rate NN 34823 981 24 reducing reduce VBG 34823 981 25 it -PRON- PRP 34823 981 26 . . . 34823 982 1 In in IN 34823 982 2 the the DT 34823 982 3 case case NN 34823 982 4 of of IN 34823 982 5 money money NN 34823 982 6 , , , 34823 982 7 however however RB 34823 982 8 , , , 34823 982 9 the the DT 34823 982 10 two two CD 34823 982 11 factors factor NNS 34823 982 12 are be VBP 34823 982 13 not not RB 34823 982 14 independent independent JJ 34823 982 15 . . . 34823 983 1 The the DT 34823 983 2 short short JJ 34823 983 3 time time NN 34823 983 4 money money NN 34823 983 5 rate rate NN 34823 983 6 is be VBZ 34823 983 7 not not RB 34823 983 8 , , , 34823 983 9 to to TO 34823 983 10 be be VB 34823 983 11 sure sure JJ 34823 983 12 , , , 34823 983 13 identical identical JJ 34823 983 14 with with IN 34823 983 15 the the DT 34823 983 16 long long JJ 34823 983 17 time time NN 34823 983 18 rate rate NN 34823 983 19 of of IN 34823 983 20 interest interest NN 34823 983 21 , , , 34823 983 22 which which WDT 34823 983 23 is be VBZ 34823 983 24 the the DT 34823 983 25 rate rate NN 34823 983 26 of of IN 34823 983 27 discount discount NN 34823 983 28 for for IN 34823 983 29 the the DT 34823 983 30 purpose purpose NN 34823 983 31 in in IN 34823 983 32 hand hand NN 34823 983 33 . . . 34823 984 1 But but CC 34823 984 2 the the DT 34823 984 3 two two CD 34823 984 4 tend tend VBP 34823 984 5 to to TO 34823 984 6 vary vary VB 34823 984 7 together together RB 34823 984 8 in in IN 34823 984 9 the the DT 34823 984 10 long long JJ 34823 984 11 run run NN 34823 984 12 average average JJ 34823 984 13 in in IN 34823 984 14 fact fact NN 34823 984 15 , , , 34823 984 16 and and CC 34823 984 17 they -PRON- PRP 34823 984 18 are be VBP 34823 984 19 related relate VBN 34823 984 20 in in IN 34823 984 21 the the DT 34823 984 22 _ _ NNP 34823 984 23 expectation expectation NN 34823 984 24 _ _ XX 34823 984 25 of of IN 34823 984 26 those those DT 34823 984 27 who who WP 34823 984 28 are be VBP 34823 984 29 concerned concern VBN 34823 984 30 in in IN 34823 984 31 the the DT 34823 984 32 capitalization capitalization NN 34823 984 33 process process NN 34823 984 34 . . . 34823 985 1 In in IN 34823 985 2 our -PRON- PRP$ 34823 985 3 chapter chapter NN 34823 985 4 on on IN 34823 985 5 the the DT 34823 985 6 " " `` 34823 985 7 Functions Functions NNPS 34823 985 8 of of IN 34823 985 9 Money money NN 34823 985 10 , , , 34823 985 11 " " '' 34823 985 12 in in IN 34823 985 13 Part Part NNP 34823 985 14 III III NNP 34823 985 15 , , , 34823 985 16 it -PRON- PRP 34823 985 17 will will MD 34823 985 18 be be VB 34823 985 19 shown show VBN 34823 985 20 that that IN 34823 985 21 normally normally RB 34823 985 22 there there EX 34823 985 23 tends tend VBZ 34823 985 24 to to TO 34823 985 25 be be VB 34823 985 26 a a DT 34823 985 27 difference difference NN 34823 985 28 between between IN 34823 985 29 the the DT 34823 985 30 money money NN 34823 985 31 rates rate NNS 34823 985 32 and and CC 34823 985 33 the the DT 34823 985 34 long long JJ 34823 985 35 time time NN 34823 985 36 interest interest NN 34823 985 37 rates rate NNS 34823 985 38 , , , 34823 985 39 the the DT 34823 985 40 long long JJ 34823 985 41 time time NN 34823 985 42 rates rate NNS 34823 985 43 tending tend VBG 34823 985 44 to to TO 34823 985 45 be be VB 34823 985 46 higher high JJR 34823 985 47 than than IN 34823 985 48 the the DT 34823 985 49 rates rate NNS 34823 985 50 on on IN 34823 985 51 short short JJ 34823 985 52 loans loan NNS 34823 985 53 , , , 34823 985 54 the the DT 34823 985 55 rate rate NN 34823 985 56 on on IN 34823 985 57 very very RB 34823 985 58 short short JJ 34823 985 59 loans loan NNS 34823 985 60 being be VBG 34823 985 61 lower low JJR 34823 985 62 than than IN 34823 985 63 the the DT 34823 985 64 rate rate NN 34823 985 65 on on IN 34823 985 66 somewhat somewhat RB 34823 985 67 longer long RBR 34823 985 68 short short JJ 34823 985 69 time time NN 34823 985 70 loans loan NNS 34823 985 71 , , , 34823 985 72 and and CC 34823 985 73 the the DT 34823 985 74 call call NN 34823 985 75 loan loan NN 34823 985 76 rate rate NN 34823 985 77 being be VBG 34823 985 78 lowest low JJS 34823 985 79 of of IN 34823 985 80 all all DT 34823 985 81 . . . 34823 986 1 The the DT 34823 986 2 explanation explanation NN 34823 986 3 of of IN 34823 986 4 this this DT 34823 986 5 must must MD 34823 986 6 be be VB 34823 986 7 deferred defer VBN 34823 986 8 till till IN 34823 986 9 we -PRON- PRP 34823 986 10 have have VBP 34823 986 11 analyzed analyze VBN 34823 986 12 the the DT 34823 986 13 functions function NNS 34823 986 14 of of IN 34823 986 15 money money NN 34823 986 16 . . . 34823 987 1 But but CC 34823 987 2 the the DT 34823 987 3 important important JJ 34823 987 4 thing thing NN 34823 987 5 , , , 34823 987 6 for for IN 34823 987 7 present present JJ 34823 987 8 purposes purpose NNS 34823 987 9 , , , 34823 987 10 is be VBZ 34823 987 11 that that IN 34823 987 12 the the DT 34823 987 13 money money NN 34823 987 14 rates rate NNS 34823 987 15 , , , 34823 987 16 though though IN 34823 987 17 lower low JJR 34823 987 18 than than IN 34823 987 19 the the DT 34823 987 20 " " `` 34823 987 21 pure pure JJ 34823 987 22 rate rate NN 34823 987 23 " " '' 34823 987 24 of of IN 34823 987 25 interest interest NN 34823 987 26 , , , 34823 987 27 tend tend VBP 34823 987 28 to to TO 34823 987 29 vary vary VB 34823 987 30 , , , 34823 987 31 in in IN 34823 987 32 long long JJ 34823 987 33 time time NN 34823 987 34 averages average NNS 34823 987 35 , , , 34823 987 36 with with IN 34823 987 37 that that DT 34823 987 38 " " `` 34823 987 39 pure pure JJ 34823 987 40 rate,"[59 rate,"[59 NNP 34823 987 41 ] ] -RRB- 34823 987 42 and and CC 34823 987 43 that that IN 34823 987 44 , , , 34823 987 45 consequently consequently RB 34823 987 46 , , , 34823 987 47 the the DT 34823 987 48 income income NN 34823 987 49 from from IN 34823 987 50 renting rent VBG 34823 987 51 money money NN 34823 987 52 , , , 34823 987 53 and and CC 34823 987 54 the the DT 34823 987 55 discount discount NN 34823 987 56 rate rate NN 34823 987 57 to to TO 34823 987 58 be be VB 34823 987 59 applied apply VBN 34823 987 60 in in IN 34823 987 61 capitalizing capitalize VBG 34823 987 62 that that DT 34823 987 63 income income NN 34823 987 64 , , , 34823 987 65 are be VBP 34823 987 66 not not RB 34823 987 67 independent independent JJ 34823 987 68 magnitudes magnitude NNS 34823 987 69 , , , 34823 987 70 but but CC 34823 987 71 tend tend VBP 34823 987 72 to to TO 34823 987 73 vary vary VB 34823 987 74 together together RB 34823 987 75 . . . 34823 988 1 They -PRON- PRP 34823 988 2 thus thus RB 34823 988 3 tend tend VBP 34823 988 4 to to TO 34823 988 5 neutralize neutralize VB 34823 988 6 one one CD 34823 988 7 another another DT 34823 988 8 . . . 34823 989 1 If if IN 34823 989 2 money money NN 34823 989 3 rates rate NNS 34823 989 4 go go VBP 34823 989 5 up up RB 34823 989 6 , , , 34823 989 7 and and CC 34823 989 8 if if IN 34823 989 9 they -PRON- PRP 34823 989 10 are be VBP 34823 989 11 expected expect VBN 34823 989 12 to to TO 34823 989 13 stay stay VB 34823 989 14 up up RP 34823 989 15 long long RB 34823 989 16 enough enough RB 34823 989 17 to to TO 34823 989 18 justify justify VB 34823 989 19 ( ( -LRB- 34823 989 20 on on IN 34823 989 21 the the DT 34823 989 22 ordinary ordinary JJ 34823 989 23 capitalization capitalization NN 34823 989 24 theory theory NN 34823 989 25 ) ) -RRB- 34823 989 26 a a DT 34823 989 27 rise rise NN 34823 989 28 in in IN 34823 989 29 the the DT 34823 989 30 capital capital NN 34823 989 31 value value NN 34823 989 32 of of IN 34823 989 33 money money NN 34823 989 34 , , , 34823 989 35 we -PRON- PRP 34823 989 36 have have VBP 34823 989 37 a a DT 34823 989 38 counteracting counteracting JJ 34823 989 39 influence influence NN 34823 989 40 in in IN 34823 989 41 the the DT 34823 989 42 long long JJ 34823 989 43 time time NN 34823 989 44 interest interest NN 34823 989 45 rate rate NN 34823 989 46 , , , 34823 989 47 which which WDT 34823 989 48 also also RB 34823 989 49 rises rise VBZ 34823 989 50 , , , 34823 989 51 and and CC 34823 989 52 tends tend VBZ 34823 989 53 to to TO 34823 989 54 pull pull VB 34823 989 55 down down RP 34823 989 56 the the DT 34823 989 57 capital capital NN 34823 989 58 value value NN 34823 989 59 of of IN 34823 989 60 money money NN 34823 989 61 . . . 34823 990 1 To to TO 34823 990 2 recur recur VB 34823 990 3 to to IN 34823 990 4 our -PRON- PRP$ 34823 990 5 illustration illustration NN 34823 990 6 of of IN 34823 990 7 the the DT 34823 990 8 candle candle NN 34823 990 9 and and CC 34823 990 10 the the DT 34823 990 11 disk disk NN 34823 990 12 , , , 34823 990 13 as as IN 34823 990 14 the the DT 34823 990 15 disk disk NN 34823 990 16 increases increase VBZ 34823 990 17 in in IN 34823 990 18 diameter diameter NN 34823 990 19 , , , 34823 990 20 the the DT 34823 990 21 distance distance NN 34823 990 22 between between IN 34823 990 23 the the DT 34823 990 24 candle candle NN 34823 990 25 and and CC 34823 990 26 the the DT 34823 990 27 disk disk NN 34823 990 28 grows grow VBZ 34823 990 29 greater great JJR 34823 990 30 , , , 34823 990 31 and and CC 34823 990 32 so so RB 34823 990 33 the the DT 34823 990 34 _ _ NNP 34823 990 35 shadow shadow NN 34823 990 36 _ _ NNP 34823 990 37 tends tend VBZ 34823 990 38 to to TO 34823 990 39 remain remain VB 34823 990 40 the the DT 34823 990 41 same same JJ 34823 990 42 . . . 34823 991 1 There there EX 34823 991 2 is be VBZ 34823 991 3 a a DT 34823 991 4 further further JJ 34823 991 5 difficulty difficulty NN 34823 991 6 , , , 34823 991 7 to to TO 34823 991 8 which which WDT 34823 991 9 attention attention NN 34823 991 10 will will MD 34823 991 11 be be VB 34823 991 12 called call VBN 34823 991 13 more more RBR 34823 991 14 fully fully RB 34823 991 15 in in IN 34823 991 16 later late JJR 34823 991 17 chapters chapter NNS 34823 991 18 , , , 34823 991 19 particularly particularly RB 34823 991 20 the the DT 34823 991 21 chapter chapter NN 34823 991 22 on on IN 34823 991 23 " " `` 34823 991 24 Dodo Dodo NNP 34823 991 25 Bones Bones NNPS 34823 991 26 , , , 34823 991 27 " " '' 34823 991 28 and and CC 34823 991 29 the the DT 34823 991 30 chapter chapter NN 34823 991 31 on on IN 34823 991 32 the the DT 34823 991 33 " " `` 34823 991 34 Functions Functions NNPS 34823 991 35 of of IN 34823 991 36 Money money NN 34823 991 37 . . . 34823 991 38 " " '' 34823 992 1 In in IN 34823 992 2 other other JJ 34823 992 3 cases case NNS 34823 992 4 , , , 34823 992 5 in in IN 34823 992 6 general general JJ 34823 992 7 , , , 34823 992 8 the the DT 34823 992 9 capital capital NN 34823 992 10 value value NN 34823 992 11 is be VBZ 34823 992 12 , , , 34823 992 13 as as IN 34823 992 14 the the DT 34823 992 15 capitalization capitalization NN 34823 992 16 theory theory NN 34823 992 17 requires require VBZ 34823 992 18 it -PRON- PRP 34823 992 19 to to TO 34823 992 20 be be VB 34823 992 21 , , , 34823 992 22 a a DT 34823 992 23 true true JJ 34823 992 24 shadow shadow NN 34823 992 25 , , , 34823 992 26 a a DT 34823 992 27 passive passive JJ 34823 992 28 function function NN 34823 992 29 of of IN 34823 992 30 the the DT 34823 992 31 income income NN 34823 992 32 and and CC 34823 992 33 the the DT 34823 992 34 discount discount NN 34823 992 35 , , , 34823 992 36 of of IN 34823 992 37 the the DT 34823 992 38 disk disk NN 34823 992 39 and and CC 34823 992 40 the the DT 34823 992 41 distance distance NN 34823 992 42 between between IN 34823 992 43 the the DT 34823 992 44 candle candle NN 34823 992 45 and and CC 34823 992 46 the the DT 34823 992 47 disk disk NN 34823 992 48 . . . 34823 993 1 In in IN 34823 993 2 the the DT 34823 993 3 case case NN 34823 993 4 of of IN 34823 993 5 money money NN 34823 993 6 , , , 34823 993 7 however however RB 34823 993 8 , , , 34823 993 9 the the DT 34823 993 10 income income NN 34823 993 11 is be VBZ 34823 993 12 causally causally RB 34823 993 13 dependent dependent JJ 34823 993 14 , , , 34823 993 15 in in IN 34823 993 16 part part NN 34823 993 17 , , , 34823 993 18 upon upon IN 34823 993 19 the the DT 34823 993 20 capital capital NN 34823 993 21 value value NN 34823 993 22 . . . 34823 994 1 Money money NN 34823 994 2 can can MD 34823 994 3 function function VB 34823 994 4 as as IN 34823 994 5 money money NN 34823 994 6 only only RB 34823 994 7 by by IN 34823 994 8 virtue virtue NN 34823 994 9 of of IN 34823 994 10 having have VBG 34823 994 11 value value NN 34823 994 12 . . . 34823 995 1 The the DT 34823 995 2 shadow shadow NN 34823 995 3 becomes become VBZ 34823 995 4 substance substance NN 34823 995 5 in in IN 34823 995 6 the the DT 34823 995 7 case case NN 34823 995 8 of of IN 34823 995 9 money money NN 34823 995 10 . . . 34823 996 1 It -PRON- PRP 34823 996 2 is be VBZ 34823 996 3 the the DT 34823 996 4 _ _ NNP 34823 996 5 value value NN 34823 996 6 of of IN 34823 996 7 money money NN 34823 996 8 _ _ NNP 34823 996 9 which which WDT 34823 996 10 makes make VBZ 34823 996 11 possible possible JJ 34823 996 12 the the DT 34823 996 13 _ _ NNP 34823 996 14 money money NN 34823 996 15 work work NN 34823 996 16 _ _ NNP 34823 996 17 . . . 34823 997 1 The the DT 34823 997 2 capitalization capitalization NN 34823 997 3 theory theory NN 34823 997 4 , , , 34823 997 5 thus thus RB 34823 997 6 , , , 34823 997 7 if if IN 34823 997 8 applicable applicable JJ 34823 997 9 at at RB 34823 997 10 all all RB 34823 997 11 , , , 34823 997 12 must must MD 34823 997 13 be be VB 34823 997 14 radically radically RB 34823 997 15 modified modify VBN 34823 997 16 before before IN 34823 997 17 being be VBG 34823 997 18 applied apply VBN 34823 997 19 . . . 34823 998 1 We -PRON- PRP 34823 998 2 shall shall MD 34823 998 3 subsequently subsequently RB 34823 998 4 , , , 34823 998 5 in in IN 34823 998 6 the the DT 34823 998 7 chapters chapter NNS 34823 998 8 above above IN 34823 998 9 referred refer VBD 34823 998 10 to to TO 34823 998 11 , , , 34823 998 12 take take VB 34823 998 13 account account NN 34823 998 14 of of IN 34823 998 15 this this DT 34823 998 16 fundamental fundamental JJ 34823 998 17 complication complication NN 34823 998 18 . . . 34823 999 1 For for IN 34823 999 2 the the DT 34823 999 3 present present NN 34823 999 4 , , , 34823 999 5 we -PRON- PRP 34823 999 6 can can MD 34823 999 7 state state VB 34823 999 8 it -PRON- PRP 34823 999 9 merely merely RB 34823 999 10 as as IN 34823 999 11 a a DT 34823 999 12 problem problem NN 34823 999 13 : : : 34823 999 14 how how WRB 34823 999 15 can can MD 34823 999 16 we -PRON- PRP 34823 999 17 construe construe VB 34823 999 18 the the DT 34823 999 19 interaction interaction NN 34823 999 20 of of IN 34823 999 21 the the DT 34823 999 22 income income NN 34823 999 23 value value NN 34823 999 24 of of IN 34823 999 25 money money NN 34823 999 26 and and CC 34823 999 27 the the DT 34823 999 28 capital capital NN 34823 999 29 value value NN 34823 999 30 of of IN 34823 999 31 money money NN 34823 999 32 in in IN 34823 999 33 such such PDT 34823 999 34 a a DT 34823 999 35 way way NN 34823 999 36 as as IN 34823 999 37 to to TO 34823 999 38 avoid avoid VB 34823 999 39 a a DT 34823 999 40 circular circular JJ 34823 999 41 theory theory NN 34823 999 42 ? ? . 34823 1000 1 But but CC 34823 1000 2 further far RBR 34823 1000 3 , , , 34823 1000 4 the the DT 34823 1000 5 capitalization capitalization NN 34823 1000 6 theory theory NN 34823 1000 7 , , , 34823 1000 8 as as RB 34823 1000 9 heretofore heretofore RB 34823 1000 10 formulated formulate VBN 34823 1000 11 , , , 34823 1000 12 like like IN 34823 1000 13 the the DT 34823 1000 14 doctrines doctrine NNS 34823 1000 15 of of IN 34823 1000 16 supply supply NN 34823 1000 17 and and CC 34823 1000 18 demand demand NN 34823 1000 19 and and CC 34823 1000 20 cost cost NN 34823 1000 21 of of IN 34823 1000 22 production production NN 34823 1000 23 , , , 34823 1000 24 assumes assume VBZ 34823 1000 25 _ _ NNP 34823 1000 26 money money NN 34823 1000 27 _ _ NNP 34823 1000 28 , , , 34823 1000 29 and and CC 34823 1000 30 a a DT 34823 1000 31 _ _ NNP 34823 1000 32 fixed fix VBN 34823 1000 33 absolute absolute JJ 34823 1000 34 value value NN 34823 1000 35 _ _ NNP 34823 1000 36 of of IN 34823 1000 37 money money NN 34823 1000 38 . . . 34823 1001 1 This this DT 34823 1001 2 assumption assumption NN 34823 1001 3 must must MD 34823 1001 4 be be VB 34823 1001 5 made make VBN 34823 1001 6 if if IN 34823 1001 7 we -PRON- PRP 34823 1001 8 are be VBP 34823 1001 9 to to TO 34823 1001 10 be be VB 34823 1001 11 able able JJ 34823 1001 12 to to TO 34823 1001 13 predict predict VB 34823 1001 14 , , , 34823 1001 15 on on IN 34823 1001 16 the the DT 34823 1001 17 basis basis NN 34823 1001 18 of of IN 34823 1001 19 the the DT 34823 1001 20 capitalization capitalization NN 34823 1001 21 theory theory NN 34823 1001 22 , , , 34823 1001 23 that that IN 34823 1001 24 a a DT 34823 1001 25 given give VBN 34823 1001 26 annual annual JJ 34823 1001 27 income income NN 34823 1001 28 , , , 34823 1001 29 at at IN 34823 1001 30 a a DT 34823 1001 31 given give VBN 34823 1001 32 rate rate NN 34823 1001 33 of of IN 34823 1001 34 discount discount NN 34823 1001 35 , , , 34823 1001 36 will will MD 34823 1001 37 give give VB 34823 1001 38 a a DT 34823 1001 39 specified specify VBN 34823 1001 40 capital capital NN 34823 1001 41 value value NN 34823 1001 42 . . . 34823 1002 1 This this DT 34823 1002 2 may may MD 34823 1002 3 be be VB 34823 1002 4 shown show VBN 34823 1002 5 by by IN 34823 1002 6 the the DT 34823 1002 7 following follow VBG 34823 1002 8 considerations consideration NNS 34823 1002 9 : : : 34823 1002 10 If if IN 34823 1002 11 men man NNS 34823 1002 12 anticipate anticipate VBP 34823 1002 13 that that IN 34823 1002 14 the the DT 34823 1002 15 value value NN 34823 1002 16 of of IN 34823 1002 17 the the DT 34823 1002 18 income income NN 34823 1002 19 , , , 34823 1002 20 which which WDT 34823 1002 21 is be VBZ 34823 1002 22 a a DT 34823 1002 23 fixed fixed JJ 34823 1002 24 sum sum NN 34823 1002 25 of of IN 34823 1002 26 dollars dollar NNS 34823 1002 27 , , , 34823 1002 28 is be VBZ 34823 1002 29 to to TO 34823 1002 30 grow grow VB 34823 1002 31 less less JJR 34823 1002 32 in in IN 34823 1002 33 the the DT 34823 1002 34 future future NN 34823 1002 35 , , , 34823 1002 36 then then RB 34823 1002 37 the the DT 34823 1002 38 present present JJ 34823 1002 39 worth worth NN 34823 1002 40 of of IN 34823 1002 41 the the DT 34823 1002 42 bearer bearer NN 34823 1002 43 of of IN 34823 1002 44 that that DT 34823 1002 45 income income NN 34823 1002 46 will will MD 34823 1002 47 shrink shrink VB 34823 1002 48 to to IN 34823 1002 49 an an DT 34823 1002 50 extent extent NN 34823 1002 51 greater great JJR 34823 1002 52 than than IN 34823 1002 53 the the DT 34823 1002 54 " " `` 34823 1002 55 pure pure JJ 34823 1002 56 rate rate NN 34823 1002 57 " " '' 34823 1002 58 of of IN 34823 1002 59 interest interest NN 34823 1002 60 would would MD 34823 1002 61 call call VB 34823 1002 62 for for IN 34823 1002 63 . . . 34823 1003 1 The the DT 34823 1003 2 principle principle NN 34823 1003 3 of of IN 34823 1003 4 " " `` 34823 1003 5 appreciation appreciation NN 34823 1003 6 and and CC 34823 1003 7 interest interest NN 34823 1003 8 " " '' 34823 1003 9 comes come VBZ 34823 1003 10 in in RP 34823 1003 11 . . . 34823 1004 1 The the DT 34823 1004 2 nominal nominal JJ 34823 1004 3 interest interest NN 34823 1004 4 , , , 34823 1004 5 in in IN 34823 1004 6 times time NNS 34823 1004 7 of of IN 34823 1004 8 falling fall VBG 34823 1004 9 value value NN 34823 1004 10 of of IN 34823 1004 11 money money NN 34823 1004 12 , , , 34823 1004 13 tends tend VBZ 34823 1004 14 to to TO 34823 1004 15 exceed exceed VB 34823 1004 16 the the DT 34823 1004 17 pure pure JJ 34823 1004 18 rate rate NN 34823 1004 19 by by IN 34823 1004 20 an an DT 34823 1004 21 amount amount NN 34823 1004 22 which which WDT 34823 1004 23 compensates compensate VBZ 34823 1004 24 for for IN 34823 1004 25 the the DT 34823 1004 26 loss loss NN 34823 1004 27 in in IN 34823 1004 28 value value NN 34823 1004 29 of of IN 34823 1004 30 future future JJ 34823 1004 31 income income NN 34823 1004 32 as as IN 34823 1004 33 the the DT 34823 1004 34 dollar dollar NN 34823 1004 35 falls fall VBZ 34823 1004 36 in in IN 34823 1004 37 value value NN 34823 1004 38 . . . 34823 1005 1 We -PRON- PRP 34823 1005 2 have have VBP 34823 1005 3 here here RB 34823 1005 4 , , , 34823 1005 5 however however RB 34823 1005 6 , , , 34823 1005 7 a a DT 34823 1005 8 principle principle JJ 34823 1005 9 different different JJ 34823 1005 10 from from IN 34823 1005 11 the the DT 34823 1005 12 principle principle NN 34823 1005 13 of of IN 34823 1005 14 time time NN 34823 1005 15 discount discount NN 34823 1005 16 . . . 34823 1006 1 It -PRON- PRP 34823 1006 2 is be VBZ 34823 1006 3 not not RB 34823 1006 4 the the DT 34823 1006 5 influence influence NN 34823 1006 6 of of IN 34823 1006 7 time time NN 34823 1006 8 , , , 34823 1006 9 which which WDT 34823 1006 10 makes make VBZ 34823 1006 11 a a DT 34823 1006 12 _ _ NNP 34823 1006 13 given give VBN 34823 1006 14 _ _ NNP 34823 1006 15 value value NN 34823 1006 16 appear appear VB 34823 1006 17 smaller small JJR 34823 1006 18 as as IN 34823 1006 19 it -PRON- PRP 34823 1006 20 is be VBZ 34823 1006 21 further further RB 34823 1006 22 removed remove VBN 34823 1006 23 in in IN 34823 1006 24 time time NN 34823 1006 25 , , , 34823 1006 26 but but CC 34823 1006 27 it -PRON- PRP 34823 1006 28 is be VBZ 34823 1006 29 an an DT 34823 1006 30 anticipated anticipate VBN 34823 1006 31 lessening lessening NN 34823 1006 32 in in IN 34823 1006 33 the the DT 34823 1006 34 value value NN 34823 1006 35 of of IN 34823 1006 36 the the DT 34823 1006 37 income income NN 34823 1006 38 itself -PRON- PRP 34823 1006 39 , , , 34823 1006 40 that that IN 34823 1006 41 counts count VBZ 34823 1006 42 . . . 34823 1007 1 In in IN 34823 1007 2 terms term NNS 34823 1007 3 of of IN 34823 1007 4 our -PRON- PRP$ 34823 1007 5 candle candle NN 34823 1007 6 and and CC 34823 1007 7 disk disk NN 34823 1007 8 illustration illustration NN 34823 1007 9 , , , 34823 1007 10 it -PRON- PRP 34823 1007 11 is be VBZ 34823 1007 12 a a DT 34823 1007 13 factor factor NN 34823 1007 14 affecting affect VBG 34823 1007 15 the the DT 34823 1007 16 size size NN 34823 1007 17 of of IN 34823 1007 18 the the DT 34823 1007 19 disk disk NN 34823 1007 20 , , , 34823 1007 21 rather rather RB 34823 1007 22 than than IN 34823 1007 23 a a DT 34823 1007 24 factor factor NN 34823 1007 25 affecting affect VBG 34823 1007 26 the the DT 34823 1007 27 distance distance NN 34823 1007 28 between between IN 34823 1007 29 the the DT 34823 1007 30 disk disk NN 34823 1007 31 and and CC 34823 1007 32 the the DT 34823 1007 33 candle candle NN 34823 1007 34 . . . 34823 1008 1 For for IN 34823 1008 2 the the DT 34823 1008 3 purposes purpose NNS 34823 1008 4 of of IN 34823 1008 5 calculation calculation NN 34823 1008 6 , , , 34823 1008 7 the the DT 34823 1008 8 two two CD 34823 1008 9 elements element NNS 34823 1008 10 in in IN 34823 1008 11 the the DT 34823 1008 12 nominal nominal JJ 34823 1008 13 rate rate NN 34823 1008 14 of of IN 34823 1008 15 interest interest NN 34823 1008 16 may may MD 34823 1008 17 be be VB 34823 1008 18 lumped lump VBN 34823 1008 19 together together RB 34823 1008 20 , , , 34823 1008 21 and and CC 34823 1008 22 the the DT 34823 1008 23 nominal nominal JJ 34823 1008 24 rate rate NN 34823 1008 25 , , , 34823 1008 26 rather rather RB 34823 1008 27 than than IN 34823 1008 28 the the DT 34823 1008 29 pure pure JJ 34823 1008 30 rate rate NN 34823 1008 31 , , , 34823 1008 32 may may MD 34823 1008 33 be be VB 34823 1008 34 taken take VBN 34823 1008 35 as as IN 34823 1008 36 the the DT 34823 1008 37 rate rate NN 34823 1008 38 of of IN 34823 1008 39 discount discount NN 34823 1008 40 for for IN 34823 1008 41 capitalization capitalization NN 34823 1008 42 purposes purpose NNS 34823 1008 43 . . . 34823 1009 1 But but CC 34823 1009 2 for for IN 34823 1009 3 theoretical theoretical JJ 34823 1009 4 purposes purpose NNS 34823 1009 5 , , , 34823 1009 6 the the DT 34823 1009 7 two two CD 34823 1009 8 must must MD 34823 1009 9 be be VB 34823 1009 10 kept keep VBN 34823 1009 11 distinct distinct JJ 34823 1009 12 . . . 34823 1010 1 The the DT 34823 1010 2 capitalization capitalization NN 34823 1010 3 theory theory NN 34823 1010 4 rests rest VBZ 34823 1010 5 on on IN 34823 1010 6 the the DT 34823 1010 7 assumption assumption NN 34823 1010 8 of of IN 34823 1010 9 a a DT 34823 1010 10 fixed fix VBN 34823 1010 11 value value NN 34823 1010 12 of of IN 34823 1010 13 the the DT 34823 1010 14 money money NN 34823 1010 15 unit unit NN 34823 1010 16 . . . 34823 1011 1 That that IN 34823 1011 2 the the DT 34823 1011 3 fixed fix VBN 34823 1011 4 value value NN 34823 1011 5 of of IN 34823 1011 6 the the DT 34823 1011 7 money money NN 34823 1011 8 unit unit NN 34823 1011 9 assumed assume VBD 34823 1011 10 is be VBZ 34823 1011 11 an an DT 34823 1011 12 absolute absolute JJ 34823 1011 13 value value NN 34823 1011 14 , , , 34823 1011 15 and and CC 34823 1011 16 not not RB 34823 1011 17 a a DT 34823 1011 18 mere mere JJ 34823 1011 19 " " `` 34823 1011 20 reciprocal reciprocal JJ 34823 1011 21 of of IN 34823 1011 22 the the DT 34823 1011 23 price price NN 34823 1011 24 level level NN 34823 1011 25 , , , 34823 1011 26 " " '' 34823 1011 27 may may MD 34823 1011 28 be be VB 34823 1011 29 proved prove VBN 34823 1011 30 by by IN 34823 1011 31 some some DT 34823 1011 32 further further JJ 34823 1011 33 considerations consideration NNS 34823 1011 34 regarding regard VBG 34823 1011 35 relations relation NNS 34823 1011 36 among among IN 34823 1011 37 these these DT 34823 1011 38 same same JJ 34823 1011 39 factors factor NNS 34823 1011 40 . . . 34823 1012 1 Assume assume VB 34823 1012 2 a a DT 34823 1012 3 fall fall NN 34823 1012 4 in in IN 34823 1012 5 the the DT 34823 1012 6 rate rate NN 34823 1012 7 of of IN 34823 1012 8 interest interest NN 34823 1012 9 . . . 34823 1013 1 Then then RB 34823 1013 2 , , , 34823 1013 3 on on IN 34823 1013 4 the the DT 34823 1013 5 capitalization capitalization NN 34823 1013 6 theory theory NN 34823 1013 7 , , , 34823 1013 8 prices price NNS 34823 1013 9 of of IN 34823 1013 10 lands land NNS 34823 1013 11 , , , 34823 1013 12 stocks stock NNS 34823 1013 13 and and CC 34823 1013 14 bonds bond NNS 34823 1013 15 , , , 34823 1013 16 houses house NNS 34823 1013 17 , , , 34823 1013 18 horses horse NNS 34823 1013 19 , , , 34823 1013 20 and and CC 34823 1013 21 all all DT 34823 1013 22 items item NNS 34823 1013 23 of of IN 34823 1013 24 wealth wealth NN 34823 1013 25 which which WDT 34823 1013 26 give give VBP 34823 1013 27 forth forth RP 34823 1013 28 their -PRON- PRP$ 34823 1013 29 services service NNS 34823 1013 30 through through IN 34823 1013 31 an an DT 34823 1013 32 appreciable appreciable JJ 34823 1013 33 period period NN 34823 1013 34 of of IN 34823 1013 35 time time NN 34823 1013 36 , , , 34823 1013 37 will will MD 34823 1013 38 rise rise VB 34823 1013 39 , , , 34823 1013 40 and and CC 34823 1013 41 with with IN 34823 1013 42 them -PRON- PRP 34823 1013 43 the the DT 34823 1013 44 average average NN 34823 1013 45 of of IN 34823 1013 46 prices price NNS 34823 1013 47 , , , 34823 1013 48 or or CC 34823 1013 49 the the DT 34823 1013 50 general general JJ 34823 1013 51 price price NN 34823 1013 52 level level NN 34823 1013 53 , , , 34823 1013 54 will will MD 34823 1013 55 rise rise VB 34823 1013 56 . . . 34823 1014 1 [ [ -LRB- 34823 1014 2 60 60 CD 34823 1014 3 ] ] -RRB- 34823 1014 4 If if IN 34823 1014 5 one one CD 34823 1014 6 hold hold VBP 34823 1014 7 the the DT 34823 1014 8 _ _ NNP 34823 1014 9 relative relative JJ 34823 1014 10 _ _ NNP 34823 1014 11 conception conception NN 34823 1014 12 of of IN 34823 1014 13 value value NN 34823 1014 14 , , , 34823 1014 15 according accord VBG 34823 1014 16 to to IN 34823 1014 17 which which WDT 34823 1014 18 the the DT 34823 1014 19 value value NN 34823 1014 20 of of IN 34823 1014 21 money money NN 34823 1014 22 necessarily necessarily RB 34823 1014 23 falls fall VBZ 34823 1014 24 when when WRB 34823 1014 25 prices price NNS 34823 1014 26 rise rise VBP 34823 1014 27 , , , 34823 1014 28 because because IN 34823 1014 29 the the DT 34823 1014 30 two two CD 34823 1014 31 are be VBP 34823 1014 32 merely merely RB 34823 1014 33 obverse obverse JJ 34823 1014 34 phases phase NNS 34823 1014 35 of of IN 34823 1014 36 the the DT 34823 1014 37 same same JJ 34823 1014 38 thing thing NN 34823 1014 39 , , , 34823 1014 40 then then RB 34823 1014 41 this this DT 34823 1014 42 rise rise NN 34823 1014 43 in in IN 34823 1014 44 the the DT 34823 1014 45 price price NN 34823 1014 46 level level NN 34823 1014 47 is be VBZ 34823 1014 48 , , , 34823 1014 49 _ _ NNP 34823 1014 50 ipso ipso NN 34823 1014 51 facto facto FW 34823 1014 52 _ _ NNP 34823 1014 53 , , , 34823 1014 54 a a DT 34823 1014 55 fall fall NN 34823 1014 56 in in IN 34823 1014 57 the the DT 34823 1014 58 value value NN 34823 1014 59 of of IN 34823 1014 60 money money NN 34823 1014 61 . . . 34823 1015 1 But but CC 34823 1015 2 we -PRON- PRP 34823 1015 3 have have VBP 34823 1015 4 seen see VBN 34823 1015 5 that that IN 34823 1015 6 a a DT 34823 1015 7 fall fall NN 34823 1015 8 in in IN 34823 1015 9 the the DT 34823 1015 10 value value NN 34823 1015 11 of of IN 34823 1015 12 money money NN 34823 1015 13 means mean VBZ 34823 1015 14 , , , 34823 1015 15 on on IN 34823 1015 16 the the DT 34823 1015 17 " " `` 34823 1015 18 principle principle NN 34823 1015 19 of of IN 34823 1015 20 appreciation appreciation NN 34823 1015 21 and and CC 34823 1015 22 interest interest NN 34823 1015 23 , , , 34823 1015 24 " " '' 34823 1015 25 a a DT 34823 1015 26 rise rise NN 34823 1015 27 in in IN 34823 1015 28 the the DT 34823 1015 29 interest interest NN 34823 1015 30 rate rate NN 34823 1015 31 ! ! . 34823 1016 1 Hence hence RB 34823 1016 2 , , , 34823 1016 3 we -PRON- PRP 34823 1016 4 would would MD 34823 1016 5 have have VB 34823 1016 6 proved prove VBN 34823 1016 7 that that IN 34823 1016 8 a a DT 34823 1016 9 fall fall NN 34823 1016 10 in in IN 34823 1016 11 the the DT 34823 1016 12 interest interest NN 34823 1016 13 rate rate NN 34823 1016 14 causes cause VBZ 34823 1016 15 a a DT 34823 1016 16 rise rise NN 34823 1016 17 in in IN 34823 1016 18 the the DT 34823 1016 19 interest interest NN 34823 1016 20 rate rate NN 34823 1016 21 -- -- : 34823 1016 22 which which WDT 34823 1016 23 is be VBZ 34823 1016 24 absurd absurd JJ 34823 1016 25 . . . 34823 1017 1 If if IN 34823 1017 2 , , , 34823 1017 3 however however RB 34823 1017 4 , , , 34823 1017 5 we -PRON- PRP 34823 1017 6 recognize recognize VBP 34823 1017 7 that that IN 34823 1017 8 prices price NNS 34823 1017 9 can can MD 34823 1017 10 rise rise VB 34823 1017 11 without without IN 34823 1017 12 a a DT 34823 1017 13 fall fall NN 34823 1017 14 in in IN 34823 1017 15 the the DT 34823 1017 16 value value NN 34823 1017 17 of of IN 34823 1017 18 money money NN 34823 1017 19 , , , 34823 1017 20 if if IN 34823 1017 21 , , , 34823 1017 22 _ _ NNP 34823 1017 23 i. i. NNP 34823 1018 1 e. e. NNP 34823 1018 2 _ _ NNP 34823 1018 3 , , , 34823 1018 4 we -PRON- PRP 34823 1018 5 use use VBP 34823 1018 6 the the DT 34823 1018 7 absolute absolute JJ 34823 1018 8 conception conception NN 34823 1018 9 of of IN 34823 1018 10 value value NN 34823 1018 11 , , , 34823 1018 12 this this DT 34823 1018 13 difficulty difficulty NN 34823 1018 14 disappears disappear VBZ 34823 1018 15 . . . 34823 1019 1 The the DT 34823 1019 2 capitalization capitalization NN 34823 1019 3 theory theory NN 34823 1019 4 and and CC 34823 1019 5 the the DT 34823 1019 6 theory theory NN 34823 1019 7 of of IN 34823 1019 8 appreciation appreciation NN 34823 1019 9 and and CC 34823 1019 10 interest interest NN 34823 1019 11 can can MD 34823 1019 12 be be VB 34823 1019 13 reconciled reconcile VBN 34823 1019 14 only only RB 34823 1019 15 on on IN 34823 1019 16 the the DT 34823 1019 17 basis basis NN 34823 1019 18 of of IN 34823 1019 19 the the DT 34823 1019 20 absolute absolute JJ 34823 1019 21 conception conception NN 34823 1019 22 of of IN 34823 1019 23 value value NN 34823 1019 24 . . . 34823 1020 1 The the DT 34823 1020 2 capitalization capitalization NN 34823 1020 3 theory theory NN 34823 1020 4 , , , 34823 1020 5 then then RB 34823 1020 6 , , , 34823 1020 7 in in IN 34823 1020 8 its -PRON- PRP$ 34823 1020 9 present present JJ 34823 1020 10 formulation formulation NN 34823 1020 11 , , , 34823 1020 12 assumes assume VBZ 34823 1020 13 money money NN 34823 1020 14 , , , 34823 1020 15 and and CC 34823 1020 16 a a DT 34823 1020 17 fixed fix VBN 34823 1020 18 absolute absolute JJ 34823 1020 19 value value NN 34823 1020 20 of of IN 34823 1020 21 money money NN 34823 1020 22 . . . 34823 1021 1 It -PRON- PRP 34823 1021 2 is be VBZ 34823 1021 3 , , , 34823 1021 4 therefore therefore RB 34823 1021 5 , , , 34823 1021 6 inapplicable inapplicable JJ 34823 1021 7 to to IN 34823 1021 8 the the DT 34823 1021 9 problem problem NN 34823 1021 10 of of IN 34823 1021 11 the the DT 34823 1021 12 value value NN 34823 1021 13 of of IN 34823 1021 14 money money NN 34823 1021 15 itself -PRON- PRP 34823 1021 16 . . . 34823 1022 1 In in IN 34823 1022 2 general general JJ 34823 1022 3 , , , 34823 1022 4 none none NN 34823 1022 5 of of IN 34823 1022 6 the the DT 34823 1022 7 polished polished JJ 34823 1022 8 tools tool NNS 34823 1022 9 of of IN 34823 1022 10 the the DT 34823 1022 11 economic economic JJ 34823 1022 12 analysis,--neither analysis,--neither : 34823 1022 13 cost cost NN 34823 1022 14 of of IN 34823 1022 15 production production NN 34823 1022 16 , , , 34823 1022 17 the the DT 34823 1022 18 capitalization capitalization NN 34823 1022 19 theory,[61 theory,[61 NNP 34823 1022 20 ] ] -RRB- 34823 1022 21 nor nor CC 34823 1022 22 the the DT 34823 1022 23 law law NN 34823 1022 24 of of IN 34823 1022 25 supply supply NN 34823 1022 26 and and CC 34823 1022 27 demand,--is demand,--is NN 34823 1022 28 applicable applicable JJ 34823 1022 29 to to IN 34823 1022 30 the the DT 34823 1022 31 problem problem NN 34823 1022 32 of of IN 34823 1022 33 the the DT 34823 1022 34 value value NN 34823 1022 35 of of IN 34823 1022 36 money money NN 34823 1022 37 . . . 34823 1023 1 The the DT 34823 1023 2 reason reason NN 34823 1023 3 is be VBZ 34823 1023 4 that that IN 34823 1023 5 they -PRON- PRP 34823 1023 6 get get VBP 34823 1023 7 their -PRON- PRP$ 34823 1023 8 edge edge NN 34823 1023 9 from from IN 34823 1023 10 money money NN 34823 1023 11 itself -PRON- PRP 34823 1023 12 . . . 34823 1024 1 The the DT 34823 1024 2 razor razor NN 34823 1024 3 does do VBZ 34823 1024 4 not not RB 34823 1024 5 easily easily RB 34823 1024 6 cut cut VB 34823 1024 7 the the DT 34823 1024 8 hone hone NN 34823 1024 9 . . . 34823 1025 1 It -PRON- PRP 34823 1025 2 is be VBZ 34823 1025 3 to to IN 34823 1025 4 this this DT 34823 1025 5 fact fact NN 34823 1025 6 , , , 34823 1025 7 I -PRON- PRP 34823 1025 8 think think VBP 34823 1025 9 , , , 34823 1025 10 that that IN 34823 1025 11 we -PRON- PRP 34823 1025 12 owe owe VBP 34823 1025 13 the the DT 34823 1025 14 widespread widespread JJ 34823 1025 15 and and CC 34823 1025 16 long long JJ 34823 1025 17 continued continue VBN 34823 1025 18 vogue vogue NN 34823 1025 19 of of IN 34823 1025 20 a a DT 34823 1025 21 theory theory NN 34823 1025 22 so so RB 34823 1025 23 crude crude JJ 34823 1025 24 and and CC 34823 1025 25 mechanical mechanical JJ 34823 1025 26 as as IN 34823 1025 27 the the DT 34823 1025 28 quantity quantity NN 34823 1025 29 theory theory NN 34823 1025 30 . . . 34823 1026 1 In in IN 34823 1026 2 the the DT 34823 1026 3 next next JJ 34823 1026 4 chapter chapter NN 34823 1026 5 we -PRON- PRP 34823 1026 6 shall shall MD 34823 1026 7 show show VB 34823 1026 8 that that IN 34823 1026 9 the the DT 34823 1026 10 utility utility NN 34823 1026 11 theory theory NN 34823 1026 12 of of IN 34823 1026 13 value value NN 34823 1026 14 -- -- : 34823 1026 15 which which WDT 34823 1026 16 we -PRON- PRP 34823 1026 17 shall shall MD 34823 1026 18 not not RB 34823 1026 19 recognize recognize VB 34823 1026 20 as as IN 34823 1026 21 a a DT 34823 1026 22 polished polished JJ 34823 1026 23 tool!--has tool!--has NNP 34823 1026 24 also also RB 34823 1026 25 failed fail VBD 34823 1026 26 to to TO 34823 1026 27 give give VB 34823 1026 28 us -PRON- PRP 34823 1026 29 help help NN 34823 1026 30 in in IN 34823 1026 31 explaining explain VBG 34823 1026 32 the the DT 34823 1026 33 value value NN 34823 1026 34 of of IN 34823 1026 35 money money NN 34823 1026 36 . . . 34823 1027 1 CHAPTER chapter NN 34823 1027 2 V V NNP 34823 1027 3 MARGINAL marginal JJ 34823 1027 4 UTILITY UTILITY NNP 34823 1027 5 AND and CC 34823 1027 6 THE the DT 34823 1027 7 VALUE value NN 34823 1027 8 OF of IN 34823 1027 9 MONEY money NN 34823 1027 10 A a DT 34823 1027 11 good good JJ 34823 1027 12 many many JJ 34823 1027 13 writers writer NNS 34823 1027 14 have have VBP 34823 1027 15 attempted attempt VBN 34823 1027 16 to to TO 34823 1027 17 apply apply VB 34823 1027 18 the the DT 34823 1027 19 marginal marginal JJ 34823 1027 20 utility utility NN 34823 1027 21 theory theory NN 34823 1027 22 to to IN 34823 1027 23 the the DT 34823 1027 24 value value NN 34823 1027 25 of of IN 34823 1027 26 money money NN 34823 1027 27 . . . 34823 1028 1 Among among IN 34823 1028 2 these these DT 34823 1028 3 , , , 34823 1028 4 I -PRON- PRP 34823 1028 5 may may MD 34823 1028 6 particularly particularly RB 34823 1028 7 mention mention VB 34823 1028 8 Friedrich Friedrich NNP 34823 1028 9 Wieser Wieser NNP 34823 1028 10 , , , 34823 1028 11 Ludwig Ludwig NNP 34823 1028 12 von von NNP 34823 1028 13 Mises Mises NNP 34823 1028 14 , , , 34823 1028 15 Joseph Joseph NNP 34823 1028 16 Schumpeter Schumpeter NNP 34823 1028 17 , , , 34823 1028 18 and and CC 34823 1028 19 , , , 34823 1028 20 in in IN 34823 1028 21 America America NNP 34823 1028 22 , , , 34823 1028 23 David David NNP 34823 1028 24 Kinley Kinley NNP 34823 1028 25 , , , 34823 1028 26 and and CC 34823 1028 27 H. H. NNP 34823 1028 28 J. J. NNP 34823 1028 29 Davenport Davenport NNP 34823 1028 30 . . . 34823 1029 1 The the DT 34823 1029 2 marginal marginal JJ 34823 1029 3 utility utility NN 34823 1029 4 theory theory NN 34823 1029 5 is be VBZ 34823 1029 6 ordinarily ordinarily RB 34823 1029 7 merely merely RB 34823 1029 8 a a DT 34823 1029 9 thinly thinly RB 34823 1029 10 disguised disguise VBN 34823 1029 11 version version NN 34823 1029 12 of of IN 34823 1029 13 supply supply NN 34823 1029 14 and and CC 34823 1029 15 demand demand NN 34823 1029 16 doctrine doctrine NN 34823 1029 17 . . . 34823 1030 1 As as IN 34823 1030 2 usually usually RB 34823 1030 3 presented present VBN 34823 1030 4 in in IN 34823 1030 5 the the DT 34823 1030 6 text text NN 34823 1030 7 - - HYPH 34823 1030 8 books book NNS 34823 1030 9 , , , 34823 1030 10 we -PRON- PRP 34823 1030 11 have have VBP 34823 1030 12 an an DT 34823 1030 13 analysis analysis NN 34823 1030 14 of of IN 34823 1030 15 the the DT 34823 1030 16 phenomenon phenomenon NN 34823 1030 17 of of IN 34823 1030 18 diminishing diminish VBG 34823 1030 19 utility utility NN 34823 1030 20 of of IN 34823 1030 21 a a DT 34823 1030 22 given give VBN 34823 1030 23 commodity commodity NN 34823 1030 24 to to IN 34823 1030 25 a a DT 34823 1030 26 given give VBN 34823 1030 27 individual individual NN 34823 1030 28 , , , 34823 1030 29 illustrated illustrate VBN 34823 1030 30 by by IN 34823 1030 31 a a DT 34823 1030 32 diagram diagram NN 34823 1030 33 , , , 34823 1030 34 in in IN 34823 1030 35 which which WDT 34823 1030 36 the the DT 34823 1030 37 ordinates ordinate NNS 34823 1030 38 represent represent VBP 34823 1030 39 diminishing diminish VBG 34823 1030 40 psychological psychological JJ 34823 1030 41 intensities intensity NNS 34823 1030 42 . . . 34823 1031 1 Often often RB 34823 1031 2 a a DT 34823 1031 3 money money NN 34823 1031 4 measure measure NN 34823 1031 5 is be VBZ 34823 1031 6 given give VBN 34823 1031 7 to to IN 34823 1031 8 these these DT 34823 1031 9 diminishing diminish VBG 34823 1031 10 intensities intensity NNS 34823 1031 11 , , , 34823 1031 12 and and CC 34823 1031 13 the the DT 34823 1031 14 curve curve NN 34823 1031 15 is be VBZ 34823 1031 16 presented present VBN 34823 1031 17 as as IN 34823 1031 18 the the DT 34823 1031 19 demand demand NN 34823 1031 20 schedule schedule NN 34823 1031 21 of of IN 34823 1031 22 a a DT 34823 1031 23 given give VBN 34823 1031 24 individual individual NN 34823 1031 25 . . . 34823 1032 1 Then then RB 34823 1032 2 , , , 34823 1032 3 with with IN 34823 1032 4 little little JJ 34823 1032 5 further further JJ 34823 1032 6 analysis analysis NN 34823 1032 7 , , , 34823 1032 8 a a DT 34823 1032 9 leap leap NN 34823 1032 10 is be VBZ 34823 1032 11 made make VBN 34823 1032 12 to to IN 34823 1032 13 the the DT 34823 1032 14 market market NN 34823 1032 15 , , , 34823 1032 16 and and CC 34823 1032 17 it -PRON- PRP 34823 1032 18 is be VBZ 34823 1032 19 assumed assume VBN 34823 1032 20 that that IN 34823 1032 21 the the DT 34823 1032 22 market market NN 34823 1032 23 demand demand NN 34823 1032 24 - - HYPH 34823 1032 25 curve curve NN 34823 1032 26 , , , 34823 1032 27 of of IN 34823 1032 28 many many JJ 34823 1032 29 individuals individual NNS 34823 1032 30 , , , 34823 1032 31 differing differ VBG 34823 1032 32 in in IN 34823 1032 33 wealth wealth NN 34823 1032 34 and and CC 34823 1032 35 character character NN 34823 1032 36 , , , 34823 1032 37 is be VBZ 34823 1032 38 a a DT 34823 1032 39 utility utility NN 34823 1032 40 - - HYPH 34823 1032 41 curve curve NN 34823 1032 42 , , , 34823 1032 43 and and CC 34823 1032 44 value value NN 34823 1032 45 in in IN 34823 1032 46 the the DT 34823 1032 47 market market NN 34823 1032 48 is be VBZ 34823 1032 49 " " `` 34823 1032 50 explained explain VBN 34823 1032 51 " " '' 34823 1032 52 by by IN 34823 1032 53 means mean NNS 34823 1032 54 of of IN 34823 1032 55 marginal marginal JJ 34823 1032 56 utility utility NN 34823 1032 57 . . . 34823 1033 1 I -PRON- PRP 34823 1033 2 need need VBP 34823 1033 3 not not RB 34823 1033 4 here here RB 34823 1033 5 repeat repeat VB 34823 1033 6 my -PRON- PRP$ 34823 1033 7 criticisms criticism NNS 34823 1033 8 of of IN 34823 1033 9 this this DT 34823 1033 10 procedure procedure NN 34823 1033 11 . . . 34823 1034 1 [ [ -LRB- 34823 1034 2 62 62 CD 34823 1034 3 ] ] -RRB- 34823 1034 4 It -PRON- PRP 34823 1034 5 gives give VBZ 34823 1034 6 simply simply RB 34823 1034 7 a a DT 34823 1034 8 confused confused JJ 34823 1034 9 statement statement NN 34823 1034 10 of of IN 34823 1034 11 the the DT 34823 1034 12 doctrine doctrine NN 34823 1034 13 of of IN 34823 1034 14 supply supply NN 34823 1034 15 and and CC 34823 1034 16 demand demand NN 34823 1034 17 . . . 34823 1035 1 The the DT 34823 1035 2 analysis analysis NN 34823 1035 3 of of IN 34823 1035 4 utility utility NN 34823 1035 5 which which WDT 34823 1035 6 precedes precede VBZ 34823 1035 7 the the DT 34823 1035 8 discussion discussion NN 34823 1035 9 of of IN 34823 1035 10 market market NN 34823 1035 11 demand demand NN 34823 1035 12 is be VBZ 34823 1035 13 wholly wholly RB 34823 1035 14 irrelevant irrelevant JJ 34823 1035 15 , , , 34823 1035 16 and and CC 34823 1035 17 merely merely RB 34823 1035 18 mixes mix VBZ 34823 1035 19 things thing NNS 34823 1035 20 up up RP 34823 1035 21 . . . 34823 1036 1 That that IN 34823 1036 2 such such PDT 34823 1036 3 a a DT 34823 1036 4 conception conception NN 34823 1036 5 is be VBZ 34823 1036 6 of of IN 34823 1036 7 no no DT 34823 1036 8 use use NN 34823 1036 9 in in IN 34823 1036 10 solving solve VBG 34823 1036 11 the the DT 34823 1036 12 problem problem NN 34823 1036 13 of of IN 34823 1036 14 the the DT 34823 1036 15 value value NN 34823 1036 16 of of IN 34823 1036 17 money money NN 34823 1036 18 has have VBZ 34823 1036 19 been be VBN 34823 1036 20 sufficiently sufficiently RB 34823 1036 21 indicated indicate VBN 34823 1036 22 in in IN 34823 1036 23 the the DT 34823 1036 24 chapter chapter NN 34823 1036 25 on on IN 34823 1036 26 supply supply NN 34823 1036 27 and and CC 34823 1036 28 demand demand NN 34823 1036 29 . . . 34823 1037 1 Sometimes sometimes RB 34823 1037 2 the the DT 34823 1037 3 contention contention NN 34823 1037 4 is be VBZ 34823 1037 5 made make VBN 34823 1037 6 that that DT 34823 1037 7 money money NN 34823 1037 8 is be VBZ 34823 1037 9 unique unique JJ 34823 1037 10 among among IN 34823 1037 11 goods good NNS 34823 1037 12 in in IN 34823 1037 13 having have VBG 34823 1037 14 " " `` 34823 1037 15 no no DT 34823 1037 16 power power NN 34823 1037 17 to to TO 34823 1037 18 satisfy satisfy VB 34823 1037 19 human human JJ 34823 1037 20 wants want NNS 34823 1037 21 except except IN 34823 1037 22 a a DT 34823 1037 23 power power NN 34823 1037 24 _ _ NNP 34823 1037 25 to to TO 34823 1037 26 purchase purchase VB 34823 1037 27 _ _ NNP 34823 1037 28 things thing NNS 34823 1037 29 which which WDT 34823 1037 30 do do VBP 34823 1037 31 have have VB 34823 1037 32 such such JJ 34823 1037 33 power power NN 34823 1037 34 . . . 34823 1038 1 " " `` 34823 1038 2 [ [ -LRB- 34823 1038 3 63 63 CD 34823 1038 4 ] ] -RRB- 34823 1038 5 This this DT 34823 1038 6 contention contention NN 34823 1038 7 , , , 34823 1038 8 in in IN 34823 1038 9 Professor Professor NNP 34823 1038 10 Fisher Fisher NNP 34823 1038 11 's 's POS 34823 1038 12 view view NN 34823 1038 13 , , , 34823 1038 14 precludes preclude VBZ 34823 1038 15 the the DT 34823 1038 16 application application NN 34823 1038 17 of of IN 34823 1038 18 the the DT 34823 1038 19 marginal marginal JJ 34823 1038 20 utility utility NN 34823 1038 21 theory theory NN 34823 1038 22 to to IN 34823 1038 23 the the DT 34823 1038 24 problem problem NN 34823 1038 25 of of IN 34823 1038 26 the the DT 34823 1038 27 value value NN 34823 1038 28 of of IN 34823 1038 29 money money NN 34823 1038 30 , , , 34823 1038 31 and and CC 34823 1038 32 he -PRON- PRP 34823 1038 33 makes make VBZ 34823 1038 34 no no DT 34823 1038 35 use use NN 34823 1038 36 of of IN 34823 1038 37 marginal marginal JJ 34823 1038 38 utility utility NN 34823 1038 39 in in IN 34823 1038 40 his -PRON- PRP$ 34823 1038 41 explanation explanation NN 34823 1038 42 . . . 34823 1039 1 Indeed indeed RB 34823 1039 2 , , , 34823 1039 3 in in IN 34823 1039 4 the the DT 34823 1039 5 passage passage NN 34823 1039 6 from from IN 34823 1039 7 which which WDT 34823 1039 8 this this DT 34823 1039 9 quotation quotation NN 34823 1039 10 is be VBZ 34823 1039 11 taken take VBN 34823 1039 12 , , , 34823 1039 13 Professor Professor NNP 34823 1039 14 Fisher Fisher NNP 34823 1039 15 says say VBZ 34823 1039 16 that that IN 34823 1039 17 the the DT 34823 1039 18 quantity quantity NN 34823 1039 19 theory theory NN 34823 1039 20 of of IN 34823 1039 21 money money NN 34823 1039 22 rests rest VBZ 34823 1039 23 on on IN 34823 1039 24 just just RB 34823 1039 25 this this DT 34823 1039 26 peculiarity peculiarity NN 34823 1039 27 of of IN 34823 1039 28 money money NN 34823 1039 29 . . . 34823 1040 1 Not not RB 34823 1040 2 all all DT 34823 1040 3 writers writer NNS 34823 1040 4 who who WP 34823 1040 5 contend contend VBP 34823 1040 6 that that IN 34823 1040 7 money money NN 34823 1040 8 has have VBZ 34823 1040 9 no no DT 34823 1040 10 utility utility NN 34823 1040 11 _ _ NNP 34823 1040 12 per per FW 34823 1040 13 se se FW 34823 1040 14 _ _ NNP 34823 1040 15 , , , 34823 1040 16 however however RB 34823 1040 17 , , , 34823 1040 18 have have VBP 34823 1040 19 felt feel VBN 34823 1040 20 it -PRON- PRP 34823 1040 21 necessary necessary JJ 34823 1040 22 to to TO 34823 1040 23 give give VB 34823 1040 24 up up RP 34823 1040 25 the the DT 34823 1040 26 marginal marginal JJ 34823 1040 27 utility utility NN 34823 1040 28 theory theory NN 34823 1040 29 as as IN 34823 1040 30 a a DT 34823 1040 31 theory theory NN 34823 1040 32 of of IN 34823 1040 33 money money NN 34823 1040 34 , , , 34823 1040 35 as as IN 34823 1040 36 we -PRON- PRP 34823 1040 37 shall shall MD 34823 1040 38 later later RB 34823 1040 39 see see VB 34823 1040 40 . . . 34823 1041 1 On on IN 34823 1041 2 the the DT 34823 1041 3 other other JJ 34823 1041 4 hand hand NN 34823 1041 5 , , , 34823 1041 6 writers writer NNS 34823 1041 7 of of IN 34823 1041 8 the the DT 34823 1041 9 " " `` 34823 1041 10 commodity commodity NN 34823 1041 11 school school NN 34823 1041 12 " " '' 34823 1041 13 ( ( -LRB- 34823 1041 14 or or CC 34823 1041 15 " " `` 34823 1041 16 metallist metallist JJ 34823 1041 17 school school NN 34823 1041 18 " " '' 34823 1041 19 ) ) -RRB- 34823 1041 20 , , , 34823 1041 21 writers writer NNS 34823 1041 22 who who WP 34823 1041 23 see see VBP 34823 1041 24 the the DT 34823 1041 25 source source NN 34823 1041 26 of of IN 34823 1041 27 the the DT 34823 1041 28 value value NN 34823 1041 29 of of IN 34823 1041 30 money money NN 34823 1041 31 in in IN 34823 1041 32 the the DT 34823 1041 33 metal metal NN 34823 1041 34 of of IN 34823 1041 35 which which WDT 34823 1041 36 it -PRON- PRP 34823 1041 37 is be VBZ 34823 1041 38 made make VBN 34823 1041 39 , , , 34823 1041 40 can can MD 34823 1041 41 apply apply VB 34823 1041 42 the the DT 34823 1041 43 utility utility NN 34823 1041 44 theory theory NN 34823 1041 45 readily readily RB 34823 1041 46 to to IN 34823 1041 47 the the DT 34823 1041 48 value value NN 34823 1041 49 of of IN 34823 1041 50 money money NN 34823 1041 51 , , , 34823 1041 52 making make VBG 34823 1041 53 the the DT 34823 1041 54 value value NN 34823 1041 55 of of IN 34823 1041 56 money money NN 34823 1041 57 depend depend VB 34823 1041 58 on on IN 34823 1041 59 the the DT 34823 1041 60 marginal marginal JJ 34823 1041 61 utility utility NN 34823 1041 62 of of IN 34823 1041 63 gold gold NN 34823 1041 64 , , , 34823 1041 65 or or CC 34823 1041 66 the the DT 34823 1041 67 standard standard JJ 34823 1041 68 metal metal NN 34823 1041 69 , , , 34823 1041 70 whatever whatever WDT 34823 1041 71 it -PRON- PRP 34823 1041 72 is be VBZ 34823 1041 73 . . . 34823 1042 1 To to IN 34823 1042 2 the the DT 34823 1042 3 writers writer NNS 34823 1042 4 of of IN 34823 1042 5 this this DT 34823 1042 6 school school NN 34823 1042 7 , , , 34823 1042 8 it -PRON- PRP 34823 1042 9 is be VBZ 34823 1042 10 incredible incredible JJ 34823 1042 11 that that IN 34823 1042 12 anything anything NN 34823 1042 13 which which WDT 34823 1042 14 has have VBZ 34823 1042 15 no no DT 34823 1042 16 utility utility NN 34823 1042 17 should should MD 34823 1042 18 become become VB 34823 1042 19 money money NN 34823 1042 20 . . . 34823 1043 1 Money money NN 34823 1043 2 must must MD 34823 1043 3 be be VB 34823 1043 4 either either CC 34823 1043 5 valuable valuable JJ 34823 1043 6 itself -PRON- PRP 34823 1043 7 , , , 34823 1043 8 or or CC 34823 1043 9 else else RB 34823 1043 10 a a DT 34823 1043 11 representative representative NN 34823 1043 12 of of IN 34823 1043 13 some some DT 34823 1043 14 valuable valuable JJ 34823 1043 15 thing thing NN 34823 1043 16 . . . 34823 1044 1 The the DT 34823 1044 2 value value NN 34823 1044 3 of of IN 34823 1044 4 money money NN 34823 1044 5 comes come VBZ 34823 1044 6 from from IN 34823 1044 7 the the DT 34823 1044 8 value value NN 34823 1044 9 of of IN 34823 1044 10 the the DT 34823 1044 11 standard standard NN 34823 1044 12 of of IN 34823 1044 13 value value NN 34823 1044 14 , , , 34823 1044 15 and and CC 34823 1044 16 that that DT 34823 1044 17 value value NN 34823 1044 18 may may MD 34823 1044 19 , , , 34823 1044 20 so so RB 34823 1044 21 far far RB 34823 1044 22 as as IN 34823 1044 23 the the DT 34823 1044 24 logic logic NN 34823 1044 25 of of IN 34823 1044 26 the the DT 34823 1044 27 situation situation NN 34823 1044 28 is be VBZ 34823 1044 29 concerned concern VBN 34823 1044 30 , , , 34823 1044 31 be be VB 34823 1044 32 as as RB 34823 1044 33 well well RB 34823 1044 34 explained explain VBN 34823 1044 35 by by IN 34823 1044 36 marginal marginal JJ 34823 1044 37 utility utility NN 34823 1044 38 as as IN 34823 1044 39 the the DT 34823 1044 40 value value NN 34823 1044 41 of of IN 34823 1044 42 anything anything NN 34823 1044 43 else else RB 34823 1044 44 . . . 34823 1045 1 Typical typical JJ 34823 1045 2 of of IN 34823 1045 3 this this DT 34823 1045 4 view view NN 34823 1045 5 is be VBZ 34823 1045 6 Professor Professor NNP 34823 1045 7 W. W. NNP 34823 1045 8 A. a. NN 34823 1045 9 Scott Scott NNP 34823 1045 10 's 's POS 34823 1045 11 discussion discussion NN 34823 1045 12 in in IN 34823 1045 13 his -PRON- PRP$ 34823 1045 14 _ _ NNP 34823 1045 15 Money Money NNP 34823 1045 16 and and CC 34823 1045 17 Banking_[64 Banking_[64 : 34823 1045 18 ] ] -RRB- 34823 1045 19 , , , 34823 1045 20 though though IN 34823 1045 21 the the DT 34823 1045 22 emphasis emphasis NN 34823 1045 23 there there EX 34823 1045 24 is be VBZ 34823 1045 25 not not RB 34823 1045 26 on on IN 34823 1045 27 marginal marginal JJ 34823 1045 28 utility utility NN 34823 1045 29 as as IN 34823 1045 30 the the DT 34823 1045 31 explanation explanation NN 34823 1045 32 of of IN 34823 1045 33 the the DT 34823 1045 34 value value NN 34823 1045 35 of of IN 34823 1045 36 the the DT 34823 1045 37 standard standard NN 34823 1045 38 , , , 34823 1045 39 but but CC 34823 1045 40 on on IN 34823 1045 41 the the DT 34823 1045 42 value value NN 34823 1045 43 ( ( -LRB- 34823 1045 44 conceived conceive VBN 34823 1045 45 of of IN 34823 1045 46 as as IN 34823 1045 47 an an DT 34823 1045 48 absolute absolute JJ 34823 1045 49 quantity quantity NN 34823 1045 50 ) ) -RRB- 34823 1045 51 of of IN 34823 1045 52 the the DT 34823 1045 53 standard standard NN 34823 1045 54 as as IN 34823 1045 55 essential essential JJ 34823 1045 56 to to IN 34823 1045 57 the the DT 34823 1045 58 existence existence NN 34823 1045 59 of of IN 34823 1045 60 money money NN 34823 1045 61 , , , 34823 1045 62 and and CC 34823 1045 63 the the DT 34823 1045 64 performance performance NN 34823 1045 65 of of IN 34823 1045 66 the the DT 34823 1045 67 money money NN 34823 1045 68 functions function NNS 34823 1045 69 . . . 34823 1046 1 Professor Professor NNP 34823 1046 2 Scott Scott NNP 34823 1046 3 attacks attack NNS 34823 1046 4 vigorously vigorously RB 34823 1046 5 and and CC 34823 1046 6 effectively effectively RB 34823 1046 7 Nicholson Nicholson NNP 34823 1046 8 's 's POS 34823 1046 9 exposition exposition NN 34823 1046 10 of of IN 34823 1046 11 the the DT 34823 1046 12 quantity quantity NN 34823 1046 13 theory,[65 theory,[65 NNP 34823 1046 14 ] ] -RRB- 34823 1046 15 where where WRB 34823 1046 16 the the DT 34823 1046 17 assumption assumption NN 34823 1046 18 is be VBZ 34823 1046 19 made make VBN 34823 1046 20 that that DT 34823 1046 21 money money NN 34823 1046 22 consists consist VBZ 34823 1046 23 of of IN 34823 1046 24 dodo dodo NN 34823 1046 25 - - HYPH 34823 1046 26 bones bone NNS 34823 1046 27 ( ( -LRB- 34823 1046 28 the the DT 34823 1046 29 most most RBS 34823 1046 30 useless useless JJ 34823 1046 31 thing thing NN 34823 1046 32 Nicholson Nicholson NNP 34823 1046 33 could could MD 34823 1046 34 think think VB 34823 1046 35 of of IN 34823 1046 36 ) ) -RRB- 34823 1046 37 . . . 34823 1047 1 Most Most JJS 34823 1047 2 quantity quantity NN 34823 1047 3 theorists theorist NNS 34823 1047 4 would would MD 34823 1047 5 share share VB 34823 1047 6 Nicholson Nicholson NNP 34823 1047 7 's 's POS 34823 1047 8 view view NN 34823 1047 9 that that IN 34823 1047 10 dodo dodo NN 34823 1047 11 - - HYPH 34823 1047 12 bones bone NNS 34823 1047 13 would would MD 34823 1047 14 serve serve VB 34823 1047 15 as as RB 34823 1047 16 well well RB 34823 1047 17 as as IN 34823 1047 18 anything anything NN 34823 1047 19 else else RB 34823 1047 20 for for IN 34823 1047 21 money money NN 34823 1047 22 -- -- : 34823 1047 23 or or CC 34823 1047 24 , , , 34823 1047 25 to to TO 34823 1047 26 put put VB 34823 1047 27 the the DT 34823 1047 28 thing thing NN 34823 1047 29 less less RBR 34823 1047 30 fantastically fantastically RB 34823 1047 31 , , , 34823 1047 32 that that IN 34823 1047 33 the the DT 34823 1047 34 substance substance NN 34823 1047 35 of of IN 34823 1047 36 which which WDT 34823 1047 37 money money NN 34823 1047 38 is be VBZ 34823 1047 39 made make VBN 34823 1047 40 is be VBZ 34823 1047 41 irrelevant irrelevant JJ 34823 1047 42 , , , 34823 1047 43 that that IN 34823 1047 44 the the DT 34823 1047 45 only only JJ 34823 1047 46 question question NN 34823 1047 47 is be VBZ 34823 1047 48 as as IN 34823 1047 49 to to IN 34823 1047 50 the the DT 34823 1047 51 quantity quantity NN 34823 1047 52 , , , 34823 1047 53 rather rather RB 34823 1047 54 than than IN 34823 1047 55 the the DT 34823 1047 56 quality quality NN 34823 1047 57 , , , 34823 1047 58 of of IN 34823 1047 59 the the DT 34823 1047 60 money money NN 34823 1047 61 - - HYPH 34823 1047 62 units unit NNS 34823 1047 63 , , , 34823 1047 64 and and CC 34823 1047 65 the the DT 34823 1047 66 quantity quantity NN 34823 1047 67 of of IN 34823 1047 68 the the DT 34823 1047 69 money money NN 34823 1047 70 - - HYPH 34823 1047 71 units unit NNS 34823 1047 72 , , , 34823 1047 73 not not RB 34823 1047 74 in in IN 34823 1047 75 pounds pound NNS 34823 1047 76 or or CC 34823 1047 77 bushels bushel NNS 34823 1047 78 or or CC 34823 1047 79 yards yard NNS 34823 1047 80 , , , 34823 1047 81 but but CC 34823 1047 82 in in IN 34823 1047 83 abstract abstract JJ 34823 1047 84 number number NN 34823 1047 85 merely merely RB 34823 1047 86 . . . 34823 1048 1 For for IN 34823 1048 2 writers writer NNS 34823 1048 3 who who WP 34823 1048 4 seek seek VBP 34823 1048 5 the the DT 34823 1048 6 whole whole JJ 34823 1048 7 explanation explanation NN 34823 1048 8 of of IN 34823 1048 9 the the DT 34823 1048 10 value value NN 34823 1048 11 of of IN 34823 1048 12 money money NN 34823 1048 13 in in IN 34823 1048 14 its -PRON- PRP$ 34823 1048 15 monetary monetary JJ 34823 1048 16 application application NN 34823 1048 17 , , , 34823 1048 18 and and CC 34823 1048 19 who who WP 34823 1048 20 see see VBP 34823 1048 21 that that DT 34823 1048 22 money money NN 34823 1048 23 , , , 34823 1048 24 _ _ NNP 34823 1048 25 qua qua NNP 34823 1048 26 _ _ NNP 34823 1048 27 money money NN 34823 1048 28 , , , 34823 1048 29 can can MD 34823 1048 30 not not RB 34823 1048 31 administer administer VB 34823 1048 32 directly directly RB 34823 1048 33 to to IN 34823 1048 34 human human JJ 34823 1048 35 wants want VBZ 34823 1048 36 , , , 34823 1048 37 the the DT 34823 1048 38 view view NN 34823 1048 39 that that IN 34823 1048 40 Professor Professor NNP 34823 1048 41 Fisher Fisher NNP 34823 1048 42 expresses express VBZ 34823 1048 43 , , , 34823 1048 44 namely namely RB 34823 1048 45 , , , 34823 1048 46 that that DT 34823 1048 47 money money NN 34823 1048 48 has have VBZ 34823 1048 49 no no DT 34823 1048 50 utility utility NN 34823 1048 51 , , , 34823 1048 52 and and CC 34823 1048 53 is be VBZ 34823 1048 54 unique unique JJ 34823 1048 55 among among IN 34823 1048 56 goods good NNS 34823 1048 57 in in IN 34823 1048 58 this this DT 34823 1048 59 respect respect NN 34823 1048 60 , , , 34823 1048 61 seems seem VBZ 34823 1048 62 on on IN 34823 1048 63 the the DT 34823 1048 64 surface surface NN 34823 1048 65 , , , 34823 1048 66 to to TO 34823 1048 67 have have VB 34823 1048 68 justification justification NN 34823 1048 69 . . . 34823 1049 1 On on IN 34823 1049 2 the the DT 34823 1049 3 surface surface NN 34823 1049 4 merely merely RB 34823 1049 5 , , , 34823 1049 6 however however RB 34823 1049 7 . . . 34823 1050 1 Money money NN 34823 1050 2 is be VBZ 34823 1050 3 not not RB 34823 1050 4 unique unique JJ 34823 1050 5 among among IN 34823 1050 6 goods good NNS 34823 1050 7 in in IN 34823 1050 8 being be VBG 34823 1050 9 wanted want VBN 34823 1050 10 only only RB 34823 1050 11 for for IN 34823 1050 12 what what WP 34823 1050 13 it -PRON- PRP 34823 1050 14 can can MD 34823 1050 15 be be VB 34823 1050 16 traded trade VBN 34823 1050 17 for for IN 34823 1050 18 . . . 34823 1051 1 Wheat wheat NN 34823 1051 2 and and CC 34823 1051 3 corn corn NN 34823 1051 4 and and CC 34823 1051 5 stocks stock NNS 34823 1051 6 and and CC 34823 1051 7 bonds bond NNS 34823 1051 8 and and CC 34823 1051 9 everything everything NN 34823 1051 10 else else RB 34823 1051 11 that that WDT 34823 1051 12 is be VBZ 34823 1051 13 speculated speculate VBN 34823 1051 14 in in IN 34823 1051 15 is be VBZ 34823 1051 16 wanted want VBN 34823 1051 17 , , , 34823 1051 18 by by IN 34823 1051 19 the the DT 34823 1051 20 speculators speculator NNS 34823 1051 21 , , , 34823 1051 22 only only RB 34823 1051 23 as as IN 34823 1051 24 a a DT 34823 1051 25 means means NN 34823 1051 26 of of IN 34823 1051 27 getting get VBG 34823 1051 28 a a DT 34823 1051 29 profit[66]--they profit[66]--they NNS 34823 1051 30 are be VBP 34823 1051 31 remoter remoter VBN 34823 1051 32 from from IN 34823 1051 33 the the DT 34823 1051 34 wants want NNS 34823 1051 35 of of IN 34823 1051 36 the the DT 34823 1051 37 man man NN 34823 1051 38 who who WP 34823 1051 39 purchases purchase VBZ 34823 1051 40 them -PRON- PRP 34823 1051 41 than than IN 34823 1051 42 the the DT 34823 1051 43 money money NN 34823 1051 44 profit profit NN 34823 1051 45 he -PRON- PRP 34823 1051 46 anticipates anticipate VBZ 34823 1051 47 . . . 34823 1052 1 Ginsing ginsing NN 34823 1052 2 , , , 34823 1052 3 in in IN 34823 1052 4 America America NNP 34823 1052 5 , , , 34823 1052 6 has have VBZ 34823 1052 7 value value NN 34823 1052 8 , , , 34823 1052 9 though though IN 34823 1052 10 consumed consume VBN 34823 1052 11 only only RB 34823 1052 12 in in IN 34823 1052 13 China China NNP 34823 1052 14 . . . 34823 1053 1 And and CC 34823 1053 2 there there EX 34823 1053 3 are be VBP 34823 1053 4 people people NNS 34823 1053 5 , , , 34823 1053 6 particularly particularly RB 34823 1053 7 jewelers jeweler NNS 34823 1053 8 , , , 34823 1053 9 who who WP 34823 1053 10 often often RB 34823 1053 11 want want VBP 34823 1053 12 money money NN 34823 1053 13 as as IN 34823 1053 14 a a DT 34823 1053 15 raw raw JJ 34823 1053 16 material material NN 34823 1053 17 for for IN 34823 1053 18 consumption consumption NN 34823 1053 19 goods good NNS 34823 1053 20 . . . 34823 1054 1 The the DT 34823 1054 2 difference difference NN 34823 1054 3 is be VBZ 34823 1054 4 at at IN 34823 1054 5 most most RBS 34823 1054 6 a a DT 34823 1054 7 difference difference NN 34823 1054 8 of of IN 34823 1054 9 degree degree NN 34823 1054 10 -- -- : 34823 1054 11 and and CC 34823 1054 12 of of IN 34823 1054 13 slight slight JJ 34823 1054 14 degree degree NN 34823 1054 15 indeed indeed RB 34823 1054 16 in in IN 34823 1054 17 the the DT 34823 1054 18 case case NN 34823 1054 19 of of IN 34823 1054 20 such such JJ 34823 1054 21 things thing NNS 34823 1054 22 as as IN 34823 1054 23 bonds bond NNS 34823 1054 24 , , , 34823 1054 25 which which WDT 34823 1054 26 count count VBP 34823 1054 27 on on IN 34823 1054 28 the the DT 34823 1054 29 " " `` 34823 1054 30 goods good NNS 34823 1054 31 " " '' 34823 1054 32 side side NN 34823 1054 33 of of IN 34823 1054 34 the the DT 34823 1054 35 quantity quantity NN 34823 1054 36 theory theory NN 34823 1054 37 price price NN 34823 1054 38 equation equation NN 34823 1054 39 , , , 34823 1054 40 but but CC 34823 1054 41 which which WDT 34823 1054 42 really really RB 34823 1054 43 are be VBP 34823 1054 44 in in IN 34823 1054 45 all all DT 34823 1054 46 cases case NNS 34823 1054 47 remoter remote JJR 34823 1054 48 than than IN 34823 1054 49 money money VB 34823 1054 50 itself -PRON- PRP 34823 1054 51 from from IN 34823 1054 52 human human JJ 34823 1054 53 wants want NNS 34823 1054 54 . . . 34823 1055 1 Money money NN 34823 1055 2 really really RB 34823 1055 3 stands stand VBZ 34823 1055 4 , , , 34823 1055 5 for for IN 34823 1055 6 the the DT 34823 1055 7 purpose purpose NN 34823 1055 8 in in IN 34823 1055 9 hand hand NN 34823 1055 10 , , , 34823 1055 11 on on IN 34823 1055 12 the the DT 34823 1055 13 same same JJ 34823 1055 14 level level NN 34823 1055 15 as as IN 34823 1055 16 any any DT 34823 1055 17 other other JJ 34823 1055 18 instrumental instrumental JJ 34823 1055 19 good good NN 34823 1055 20 . . . 34823 1056 1 [ [ -LRB- 34823 1056 2 67 67 CD 34823 1056 3 ] ] -RRB- 34823 1056 4 It -PRON- PRP 34823 1056 5 does do VBZ 34823 1056 6 not not RB 34823 1056 7 give give VB 34823 1056 8 forth forth RP 34823 1056 9 services service NNS 34823 1056 10 directly directly RB 34823 1056 11 , , , 34823 1056 12 as as IN 34823 1056 13 a a DT 34823 1056 14 rule rule NN 34823 1056 15 . . . 34823 1057 1 Neither neither CC 34823 1057 2 does do VBZ 34823 1057 3 a a DT 34823 1057 4 machine machine NN 34823 1057 5 , , , 34823 1057 6 or or CC 34823 1057 7 an an DT 34823 1057 8 acre acre NN 34823 1057 9 of of IN 34823 1057 10 wheat wheat NN 34823 1057 11 land land NN 34823 1057 12 , , , 34823 1057 13 or or CC 34823 1057 14 goods good NNS 34823 1057 15 in in IN 34823 1057 16 a a DT 34823 1057 17 wholesaler wholesaler NN 34823 1057 18 's 's POS 34823 1057 19 warehouse warehouse NN 34823 1057 20 . . . 34823 1058 1 Exchange exchange NN 34823 1058 2 is be VBZ 34823 1058 3 a a DT 34823 1058 4 productive productive JJ 34823 1058 5 process process NN 34823 1058 6 , , , 34823 1058 7 an an DT 34823 1058 8 essential essential JJ 34823 1058 9 part part NN 34823 1058 10 of of IN 34823 1058 11 the the DT 34823 1058 12 present present JJ 34823 1058 13 process process NN 34823 1058 14 of of IN 34823 1058 15 production production NN 34823 1058 16 . . . 34823 1059 1 Money money NN 34823 1059 2 is be VBZ 34823 1059 3 a a DT 34823 1059 4 tool tool NN 34823 1059 5 which which WDT 34823 1059 6 enormously enormously RB 34823 1059 7 facilitates facilitate VBZ 34823 1059 8 this this DT 34823 1059 9 process process NN 34823 1059 10 . . . 34823 1060 1 It -PRON- PRP 34823 1060 2 has have VBZ 34823 1060 3 its -PRON- PRP$ 34823 1060 4 peculiarities peculiarity NNS 34823 1060 5 , , , 34823 1060 6 no no RB 34823 1060 7 doubt doubt RB 34823 1060 8 . . . 34823 1061 1 One one CD 34823 1061 2 of of IN 34823 1061 3 them -PRON- PRP 34823 1061 4 is be VBZ 34823 1061 5 -- -- : 34823 1061 6 and and CC 34823 1061 7 money money NN 34823 1061 8 is be VBZ 34823 1061 9 not not RB 34823 1061 10 unique unique JJ 34823 1061 11 in in IN 34823 1061 12 this this DT 34823 1061 13 as as IN 34823 1061 14 will will MD 34823 1061 15 later later RB 34823 1061 16 appear appear VB 34823 1061 17 -- -- : 34823 1061 18 that that IN 34823 1061 19 it -PRON- PRP 34823 1061 20 must must MD 34823 1061 21 have have VB 34823 1061 22 _ _ NNP 34823 1061 23 value value NN 34823 1061 24 _ _ NNP 34823 1061 25 from from IN 34823 1061 26 non non JJ 34823 1061 27 - - JJ 34823 1061 28 monetary monetary JJ 34823 1061 29 sources[68 sources[68 NN 34823 1061 30 ] ] -RRB- 34823 1061 31 before before IN 34823 1061 32 it -PRON- PRP 34823 1061 33 can can MD 34823 1061 34 perform perform VB 34823 1061 35 its -PRON- PRP$ 34823 1061 36 own own JJ 34823 1061 37 special special JJ 34823 1061 38 functions function NNS 34823 1061 39 , , , 34823 1061 40 from from IN 34823 1061 41 some some DT 34823 1061 42 of of IN 34823 1061 43 which which WDT 34823 1061 44 it -PRON- PRP 34823 1061 45 draws draw VBZ 34823 1061 46 an an DT 34823 1061 47 increased increase VBN 34823 1061 48 value value NN 34823 1061 49 . . . 34823 1062 1 But but CC 34823 1062 2 there there EX 34823 1062 3 seems seem VBZ 34823 1062 4 to to IN 34823 1062 5 me -PRON- PRP 34823 1062 6 to to TO 34823 1062 7 be be VB 34823 1062 8 nothing nothing NN 34823 1062 9 in in IN 34823 1062 10 the the DT 34823 1062 11 contention contention NN 34823 1062 12 quoted quote VBN 34823 1062 13 from from IN 34823 1062 14 Professor Professor NNP 34823 1062 15 Fisher Fisher NNP 34823 1062 16 , , , 34823 1062 17 to to TO 34823 1062 18 justify justify VB 34823 1062 19 setting set VBG 34823 1062 20 money money NN 34823 1062 21 sharply sharply RB 34823 1062 22 off off IN 34823 1062 23 from from IN 34823 1062 24 all all DT 34823 1062 25 other other JJ 34823 1062 26 things thing NNS 34823 1062 27 , , , 34823 1062 28 or or CC 34823 1062 29 to to TO 34823 1062 30 justify justify VB 34823 1062 31 the the DT 34823 1062 32 view view NN 34823 1062 33 that that IN 34823 1062 34 marginal marginal JJ 34823 1062 35 utility utility NN 34823 1062 36 is be VBZ 34823 1062 37 inapplicable inapplicable JJ 34823 1062 38 to to IN 34823 1062 39 the the DT 34823 1062 40 value value NN 34823 1062 41 of of IN 34823 1062 42 money money NN 34823 1062 43 , , , 34823 1062 44 if if IN 34823 1062 45 it -PRON- PRP 34823 1062 46 be be VB 34823 1062 47 applicable applicable JJ 34823 1062 48 to to IN 34823 1062 49 the the DT 34823 1062 50 value value NN 34823 1062 51 of of IN 34823 1062 52 anything anything NN 34823 1062 53 at at RB 34823 1062 54 all all RB 34823 1062 55 that that WDT 34823 1062 56 is be VBZ 34823 1062 57 not not RB 34823 1062 58 destined destine VBN 34823 1062 59 for for IN 34823 1062 60 immediate immediate JJ 34823 1062 61 consumption consumption NN 34823 1062 62 . . . 34823 1063 1 I -PRON- PRP 34823 1063 2 do do VBP 34823 1063 3 not not RB 34823 1063 4 believe believe VB 34823 1063 5 that that IN 34823 1063 6 the the DT 34823 1063 7 marginal marginal JJ 34823 1063 8 utility utility NN 34823 1063 9 theory theory NN 34823 1063 10 is be VBZ 34823 1063 11 valid valid JJ 34823 1063 12 for for IN 34823 1063 13 any any DT 34823 1063 14 class class NN 34823 1063 15 of of IN 34823 1063 16 goods good NNS 34823 1063 17 , , , 34823 1063 18 not not RB 34823 1063 19 even even RB 34823 1063 20 those those DT 34823 1063 21 for for IN 34823 1063 22 immediate immediate JJ 34823 1063 23 consumption consumption NN 34823 1063 24 . . . 34823 1064 1 Where where WRB 34823 1064 2 marginal marginal JJ 34823 1064 3 utility utility NN 34823 1064 4 theory theory NN 34823 1064 5 is,--as is,--as NNP 34823 1064 6 in in IN 34823 1064 7 the the DT 34823 1064 8 conventional conventional JJ 34823 1064 9 text text NN 34823 1064 10 - - HYPH 34823 1064 11 book book NN 34823 1064 12 expositions exposition NNS 34823 1064 13 -- -- : 34823 1064 14 merely merely RB 34823 1064 15 another another DT 34823 1064 16 name name NN 34823 1064 17 for for IN 34823 1064 18 supply supply NN 34823 1064 19 and and CC 34823 1064 20 demand demand NN 34823 1064 21 theory theory NN 34823 1064 22 , , , 34823 1064 23 it -PRON- PRP 34823 1064 24 is be VBZ 34823 1064 25 , , , 34823 1064 26 as as IN 34823 1064 27 already already RB 34823 1064 28 shown show VBN 34823 1064 29 , , , 34823 1064 30 not not RB 34823 1064 31 applicable applicable JJ 34823 1064 32 to to IN 34823 1064 33 the the DT 34823 1064 34 value value NN 34823 1064 35 of of IN 34823 1064 36 money money NN 34823 1064 37 , , , 34823 1064 38 and and CC 34823 1064 39 it -PRON- PRP 34823 1064 40 is be VBZ 34823 1064 41 useful useful JJ 34823 1064 42 in in IN 34823 1064 43 the the DT 34823 1064 44 surface surface NN 34823 1064 45 explanation explanation NN 34823 1064 46 of of IN 34823 1064 47 market market NN 34823 1064 48 - - HYPH 34823 1064 49 prices price NNS 34823 1064 50 of of IN 34823 1064 51 goods good NNS 34823 1064 52 . . . 34823 1065 1 But but CC 34823 1065 2 where where WRB 34823 1065 3 marginal marginal JJ 34823 1065 4 utility utility NN 34823 1065 5 theory theory NN 34823 1065 6 really really RB 34823 1065 7 seeks seek VBZ 34823 1065 8 to to TO 34823 1065 9 get get VB 34823 1065 10 at at IN 34823 1065 11 value value NN 34823 1065 12 fundamentals fundamental NNS 34823 1065 13 , , , 34823 1065 14 it -PRON- PRP 34823 1065 15 is be VBZ 34823 1065 16 precisely precisely RB 34823 1065 17 as as RB 34823 1065 18 valid valid JJ 34823 1065 19 for for IN 34823 1065 20 money money NN 34823 1065 21 as as IN 34823 1065 22 for for IN 34823 1065 23 goods good NNS 34823 1065 24 of of IN 34823 1065 25 other other JJ 34823 1065 26 sorts sort NNS 34823 1065 27 -- -- : 34823 1065 28 invalid invalid JJ 34823 1065 29 , , , 34823 1065 30 in in IN 34823 1065 31 my -PRON- PRP$ 34823 1065 32 judgment judgment NN 34823 1065 33 , , , 34823 1065 34 in in IN 34823 1065 35 both both DT 34823 1065 36 places place NNS 34823 1065 37 , , , 34823 1065 38 and and CC 34823 1065 39 for for IN 34823 1065 40 the the DT 34823 1065 41 same same JJ 34823 1065 42 reasons reason NNS 34823 1065 43 in in IN 34823 1065 44 both both DT 34823 1065 45 . . . 34823 1066 1 Among among IN 34823 1066 2 the the DT 34823 1066 3 writers writer NNS 34823 1066 4 who who WP 34823 1066 5 would would MD 34823 1066 6 apply apply VB 34823 1066 7 the the DT 34823 1066 8 utility utility NN 34823 1066 9 theory theory NN 34823 1066 10 to to IN 34823 1066 11 money money NN 34823 1066 12 , , , 34823 1066 13 while while IN 34823 1066 14 still still RB 34823 1066 15 insisting insist VBG 34823 1066 16 that that DT 34823 1066 17 money money NN 34823 1066 18 , , , 34823 1066 19 as as IN 34823 1066 20 such such JJ 34823 1066 21 , , , 34823 1066 22 has have VBZ 34823 1066 23 no no DT 34823 1066 24 utility utility NN 34823 1066 25 , , , 34823 1066 26 are be VBP 34823 1066 27 Wieser Wieser NNP 34823 1066 28 , , , 34823 1066 29 Schumpeter Schumpeter NNP 34823 1066 30 -- -- : 34823 1066 31 who who WP 34823 1066 32 accepts accept VBZ 34823 1066 33 Wieser Wieser NNP 34823 1066 34 's 's POS 34823 1066 35 theory theory NN 34823 1066 36 in in IN 34823 1066 37 its -PRON- PRP$ 34823 1066 38 main main JJ 34823 1066 39 outlines outline NNS 34823 1066 40 -- -- : 34823 1066 41 and and CC 34823 1066 42 von von NNP 34823 1066 43 Mises Mises NNP 34823 1066 44 , , , 34823 1066 45 who who WP 34823 1066 46 develops develop VBZ 34823 1066 47 a a DT 34823 1066 48 notion notion NN 34823 1066 49 very very RB 34823 1066 50 different different JJ 34823 1066 51 from from IN 34823 1066 52 that that DT 34823 1066 53 of of IN 34823 1066 54 the the DT 34823 1066 55 other other JJ 34823 1066 56 two two CD 34823 1066 57 . . . 34823 1067 1 Wieser Wieser NNP 34823 1067 2 's 's POS 34823 1067 3 doctrines doctrine NNS 34823 1067 4 are be VBP 34823 1067 5 set set VBN 34823 1067 6 forth forth RP 34823 1067 7 in in IN 34823 1067 8 two two CD 34823 1067 9 expositions exposition NNS 34823 1067 10 , , , 34823 1067 11 separated separate VBN 34823 1067 12 by by IN 34823 1067 13 five five CD 34823 1067 14 years year NNS 34823 1067 15 , , , 34823 1067 16 the the DT 34823 1067 17 second second JJ 34823 1067 18 representing represent VBG 34823 1067 19 a a DT 34823 1067 20 considerable considerable JJ 34823 1067 21 development development NN 34823 1067 22 in in IN 34823 1067 23 his -PRON- PRP$ 34823 1067 24 thought thought NN 34823 1067 25 , , , 34823 1067 26 though though IN 34823 1067 27 resting rest VBG 34823 1067 28 in in IN 34823 1067 29 part part NN 34823 1067 30 on on IN 34823 1067 31 the the DT 34823 1067 32 first first JJ 34823 1067 33 . . . 34823 1068 1 The the DT 34823 1068 2 first first JJ 34823 1068 3 is be VBZ 34823 1068 4 an an DT 34823 1068 5 address address NN 34823 1068 6 upon upon IN 34823 1068 7 the the DT 34823 1068 8 occasion occasion NN 34823 1068 9 of of IN 34823 1068 10 his -PRON- PRP$ 34823 1068 11 accession accession NN 34823 1068 12 to to IN 34823 1068 13 the the DT 34823 1068 14 professorship professorship NN 34823 1068 15 at at IN 34823 1068 16 the the DT 34823 1068 17 University University NNP 34823 1068 18 of of IN 34823 1068 19 Vienna Vienna NNP 34823 1068 20 , , , 34823 1068 21 in in IN 34823 1068 22 1904 1904 CD 34823 1068 23 , , , 34823 1068 24 and and CC 34823 1068 25 is be VBZ 34823 1068 26 published publish VBN 34823 1068 27 in in IN 34823 1068 28 the the DT 34823 1068 29 _ _ NNP 34823 1068 30 Zeitschrift Zeitschrift NNP 34823 1068 31 für für NN 34823 1068 32 Volkswirtschaft Volkswirtschaft NNP 34823 1068 33 , , , 34823 1068 34 Sozialpolitik Sozialpolitik NNP 34823 1068 35 und und NN 34823 1068 36 Verwaltung Verwaltung NNP 34823 1068 37 _ _ NNP 34823 1068 38 , , , 34823 1068 39 vol vol NNP 34823 1068 40 . . . 34823 1069 1 13 13 CD 34823 1069 2 entitled entitle VBN 34823 1069 3 , , , 34823 1069 4 " " '' 34823 1069 5 Der Der NNP 34823 1069 6 Geldwert Geldwert NNP 34823 1069 7 und und JJ 34823 1069 8 seine seine NN 34823 1069 9 geschichtlichen geschichtlichen NNP 34823 1069 10 Veränderungen Veränderungen NNP 34823 1069 11 . . . 34823 1069 12 " " '' 34823 1070 1 The the DT 34823 1070 2 second second JJ 34823 1070 3 is be VBZ 34823 1070 4 a a DT 34823 1070 5 discussion discussion NN 34823 1070 6 , , , 34823 1070 7 partly partly RB 34823 1070 8 written write VBN 34823 1070 9 and and CC 34823 1070 10 partly partly RB 34823 1070 11 spoken speak VBN 34823 1070 12 , , , 34823 1070 13 " " '' 34823 1070 14 Der Der NNP 34823 1070 15 Geldwert Geldwert NNP 34823 1070 16 und und JJ 34823 1070 17 seine seine NN 34823 1070 18 Veränderungen Veränderungen NNP 34823 1070 19 " " '' 34823 1070 20 ( ( -LRB- 34823 1070 21 written write VBN 34823 1070 22 ) ) -RRB- 34823 1070 23 , , , 34823 1070 24 and and CC 34823 1070 25 " " `` 34823 1070 26 Ueber Ueber NNP 34823 1070 27 die die VBP 34823 1070 28 Messung Messung NNP 34823 1070 29 der der IN 34823 1070 30 Veränderungen Veränderungen NNP 34823 1070 31 des des FW 34823 1070 32 Geldwertes Geldwertes NNP 34823 1070 33 " " '' 34823 1070 34 ( ( -LRB- 34823 1070 35 spoken speak VBN 34823 1070 36 ) ) -RRB- 34823 1070 37 , , , 34823 1070 38 in in IN 34823 1070 39 _ _ NNP 34823 1070 40 Schriften Schriften NNP 34823 1070 41 des des NNP 34823 1070 42 Vereins Vereins NNP 34823 1070 43 für für NN 34823 1070 44 Sozialpolitik Sozialpolitik NNP 34823 1070 45 , , , 34823 1070 46 Referate Referate NNP 34823 1070 47 zur zur NNP 34823 1070 48 Tagung Tagung NNP 34823 1070 49 _ _ NNP 34823 1070 50 , , , 34823 1070 51 no no UH 34823 1070 52 . . . 34823 1071 1 132 132 CD 34823 1071 2 , , , 34823 1071 3 1909 1909 CD 34823 1071 4 . . . 34823 1072 1 For for IN 34823 1072 2 the the DT 34823 1072 3 purpose purpose NN 34823 1072 4 in in IN 34823 1072 5 hand hand NN 34823 1072 6 , , , 34823 1072 7 a a DT 34823 1072 8 brief brief JJ 34823 1072 9 statement statement NN 34823 1072 10 of of IN 34823 1072 11 one one CD 34823 1072 12 or or CC 34823 1072 13 two two CD 34823 1072 14 points point NNS 34823 1072 15 would would MD 34823 1072 16 suffice suffice VB 34823 1072 17 to to TO 34823 1072 18 show show VB 34823 1072 19 the the DT 34823 1072 20 futility futility NN 34823 1072 21 of of IN 34823 1072 22 Wieser Wieser NNP 34823 1072 23 's 's POS 34823 1072 24 effort effort NN 34823 1072 25 to to TO 34823 1072 26 get get VB 34823 1072 27 an an DT 34823 1072 28 explanation explanation NN 34823 1072 29 of of IN 34823 1072 30 the the DT 34823 1072 31 value value NN 34823 1072 32 of of IN 34823 1072 33 money money NN 34823 1072 34 _ _ NNP 34823 1072 35 via via IN 34823 1072 36 _ _ NNP 34823 1072 37 marginal marginal JJ 34823 1072 38 utility utility NN 34823 1072 39 , , , 34823 1072 40 but but CC 34823 1072 41 I -PRON- PRP 34823 1072 42 think think VBP 34823 1072 43 that that IN 34823 1072 44 readers reader NNS 34823 1072 45 may may MD 34823 1072 46 be be VB 34823 1072 47 interested interested JJ 34823 1072 48 in in IN 34823 1072 49 a a DT 34823 1072 50 fuller full JJR 34823 1072 51 account account NN 34823 1072 52 of of IN 34823 1072 53 Wieser Wieser NNP 34823 1072 54 's 's POS 34823 1072 55 doctrine doctrine NN 34823 1072 56 , , , 34823 1072 57 just just RB 34823 1072 58 because because IN 34823 1072 59 it -PRON- PRP 34823 1072 60 is be VBZ 34823 1072 61 Wieser Wieser NNP 34823 1072 62 's 's POS 34823 1072 63 , , , 34823 1072 64 and and CC 34823 1072 65 so so RB 34823 1072 66 shall shall MD 34823 1072 67 undertake undertake VB 34823 1072 68 to to TO 34823 1072 69 give give VB 34823 1072 70 a a DT 34823 1072 71 more more RBR 34823 1072 72 systematic systematic JJ 34823 1072 73 account account NN 34823 1072 74 of of IN 34823 1072 75 it -PRON- PRP 34823 1072 76 . . . 34823 1073 1 For for IN 34823 1073 2 brevity brevity NN 34823 1073 3 , , , 34823 1073 4 in in IN 34823 1073 5 the the DT 34823 1073 6 exposition exposition NN 34823 1073 7 which which WDT 34823 1073 8 follows follow VBZ 34823 1073 9 , , , 34823 1073 10 I -PRON- PRP 34823 1073 11 shall shall MD 34823 1073 12 refer refer VB 34823 1073 13 to to IN 34823 1073 14 the the DT 34823 1073 15 first first JJ 34823 1073 16 article article NN 34823 1073 17 as as IN 34823 1073 18 " " `` 34823 1073 19 I -PRON- PRP 34823 1073 20 , , , 34823 1073 21 " " '' 34823 1073 22 and and CC 34823 1073 23 to to IN 34823 1073 24 the the DT 34823 1073 25 second second JJ 34823 1073 26 as as IN 34823 1073 27 " " `` 34823 1073 28 II ii CD 34823 1073 29 . . . 34823 1074 1 " " `` 34823 1074 2 [ [ -LRB- 34823 1074 3 69 69 CD 34823 1074 4 ] ] -RRB- 34823 1074 5 Wieser Wieser NNP 34823 1074 6 holds hold VBZ 34823 1074 7 that that IN 34823 1074 8 it -PRON- PRP 34823 1074 9 is be VBZ 34823 1074 10 possible possible JJ 34823 1074 11 to to TO 34823 1074 12 have have VB 34823 1074 13 money money NN 34823 1074 14 wholly wholly RB 34823 1074 15 apart apart RB 34823 1074 16 from from IN 34823 1074 17 a a DT 34823 1074 18 commodity commodity NN 34823 1074 19 basis basis NN 34823 1074 20 ( ( -LRB- 34823 1074 21 I -PRON- PRP 34823 1074 22 , , , 34823 1074 23 p. p. NN 34823 1074 24 45 45 CD 34823 1074 25 ) ) -RRB- 34823 1074 26 , , , 34823 1074 27 citing cite VBG 34823 1074 28 the the DT 34823 1074 29 Austrian Austrian NNP 34823 1074 30 _ _ NNP 34823 1074 31 Staatsnoten Staatsnoten NNP 34823 1074 32 _ _ NNP 34823 1074 33 as as IN 34823 1074 34 a a DT 34823 1074 35 case case NN 34823 1074 36 in in IN 34823 1074 37 point point NN 34823 1074 38 . . . 34823 1075 1 The the DT 34823 1075 2 reason reason NN 34823 1075 3 for for IN 34823 1075 4 giving give VBG 34823 1075 5 them -PRON- PRP 34823 1075 6 up up RP 34823 1075 7 is be VBZ 34823 1075 8 that that IN 34823 1075 9 they -PRON- PRP 34823 1075 10 do do VBP 34823 1075 11 not not RB 34823 1075 12 circulate circulate VB 34823 1075 13 in in IN 34823 1075 14 foreign foreign JJ 34823 1075 15 trade trade NN 34823 1075 16 . . . 34823 1076 1 Gold gold NN 34823 1076 2 fulfills fulfill VBZ 34823 1076 3 its -PRON- PRP$ 34823 1076 4 international international JJ 34823 1076 5 money money NN 34823 1076 6 - - HYPH 34823 1076 7 functions function NNS 34823 1076 8 the the DT 34823 1076 9 more more RBR 34823 1076 10 easily easily RB 34823 1076 11 because because IN 34823 1076 12 of of IN 34823 1076 13 its -PRON- PRP$ 34823 1076 14 various various JJ 34823 1076 15 employments employment NNS 34823 1076 16 , , , 34823 1076 17 but but CC 34823 1076 18 , , , 34823 1076 19 after after IN 34823 1076 20 it -PRON- PRP 34823 1076 21 is be VBZ 34823 1076 22 thoroughly thoroughly RB 34823 1076 23 historically historically RB 34823 1076 24 introduced introduce VBN 34823 1076 25 , , , 34823 1076 26 as as IN 34823 1076 27 money money NN 34823 1076 28 , , , 34823 1076 29 it -PRON- PRP 34823 1076 30 could could MD 34823 1076 31 fulfill fulfill VB 34823 1076 32 its -PRON- PRP$ 34823 1076 33 money money NN 34823 1076 34 functions function NNS 34823 1076 35 even even RB 34823 1076 36 if if IN 34823 1076 37 all all PDT 34823 1076 38 these these DT 34823 1076 39 employments employment NNS 34823 1076 40 be be VB 34823 1076 41 thought think VBN 34823 1076 42 away away RB 34823 1076 43 ( ( -LRB- 34823 1076 44 46 46 CD 34823 1076 45 ) ) -RRB- 34823 1076 46 . . . 34823 1077 1 Wieser Wieser NNP 34823 1077 2 gives give VBZ 34823 1077 3 no no DT 34823 1077 4 argument argument NN 34823 1077 5 for for IN 34823 1077 6 this this DT 34823 1077 7 contention contention NN 34823 1077 8 , , , 34823 1077 9 and and CC 34823 1077 10 its -PRON- PRP$ 34823 1077 11 validity validity NN 34823 1077 12 will will MD 34823 1077 13 be be VB 34823 1077 14 examined examine VBN 34823 1077 15 later later RB 34823 1077 16 . . . 34823 1078 1 [ [ -LRB- 34823 1078 2 70 70 CD 34823 1078 3 ] ] -RRB- 34823 1078 4 There there EX 34823 1078 5 are be VBP 34823 1078 6 , , , 34823 1078 7 he -PRON- PRP 34823 1078 8 says say VBZ 34823 1078 9 , , , 34823 1078 10 two two CD 34823 1078 11 sources source NNS 34823 1078 12 for for IN 34823 1078 13 the the DT 34823 1078 14 value value NN 34823 1078 15 of of IN 34823 1078 16 gold gold NN 34823 1078 17 , , , 34823 1078 18 the the DT 34823 1078 19 money money NN 34823 1078 20 use use NN 34823 1078 21 and and CC 34823 1078 22 the the DT 34823 1078 23 arts art NNS 34823 1078 24 use use NN 34823 1078 25 , , , 34823 1078 26 interacting interact VBG 34823 1078 27 . . . 34823 1079 1 Money money NN 34823 1079 2 is be VBZ 34823 1079 3 further further RB 34823 1079 4 removed remove VBN 34823 1079 5 from from IN 34823 1079 6 wants want VBZ 34823 1079 7 , , , 34823 1079 8 not not RB 34823 1079 9 only only RB 34823 1079 10 than than IN 34823 1079 11 consumption consumption NN 34823 1079 12 goods good NNS 34823 1079 13 , , , 34823 1079 14 but but CC 34823 1079 15 also also RB 34823 1079 16 than than IN 34823 1079 17 production production NN 34823 1079 18 goods good NNS 34823 1079 19 , , , 34823 1079 20 which which WDT 34823 1079 21 are be VBP 34823 1079 22 but but CC 34823 1079 23 consumption consumption NN 34823 1079 24 goods good NNS 34823 1079 25 in in IN 34823 1079 26 the the DT 34823 1079 27 seed seed NN 34823 1079 28 . . . 34823 1080 1 The the DT 34823 1080 2 latter latter JJ 34823 1080 3 are be VBP 34823 1080 4 technically technically RB 34823 1080 5 destined destine VBN 34823 1080 6 for for IN 34823 1080 7 definite definite JJ 34823 1080 8 goods good NNS 34823 1080 9 . . . 34823 1081 1 But but CC 34823 1081 2 money money NN 34823 1081 3 may may MD 34823 1081 4 be be VB 34823 1081 5 used use VBN 34823 1081 6 to to TO 34823 1081 7 procure procure VB 34823 1081 8 whatever whatever WDT 34823 1081 9 good good JJ 34823 1081 10 you -PRON- PRP 34823 1081 11 please please VBP 34823 1081 12 , , , 34823 1081 13 in in IN 34823 1081 14 exchange exchange NN 34823 1081 15 . . . 34823 1082 1 ( ( -LRB- 34823 1082 2 The the DT 34823 1082 3 absoluteness absoluteness NN 34823 1082 4 of of IN 34823 1082 5 this this DT 34823 1082 6 distinction distinction NN 34823 1082 7 , , , 34823 1082 8 also also RB 34823 1082 9 , , , 34823 1082 10 may may MD 34823 1082 11 be be VB 34823 1082 12 questioned question VBN 34823 1082 13 . . . 34823 1083 1 Pig pig NN 34823 1083 2 iron iron NN 34823 1083 3 is be VBZ 34823 1083 4 almost almost RB 34823 1083 5 as as RB 34823 1083 6 unspecialized unspecialized JJ 34823 1083 7 as as IN 34823 1083 8 money money NN 34823 1083 9 in in IN 34823 1083 10 its -PRON- PRP$ 34823 1083 11 relation relation NN 34823 1083 12 to to IN 34823 1083 13 wants want VBZ 34823 1083 14 , , , 34823 1083 15 since since IN 34823 1083 16 tools tool NNS 34823 1083 17 enter enter VBP 34823 1083 18 into into IN 34823 1083 19 the the DT 34823 1083 20 production production NN 34823 1083 21 of of IN 34823 1083 22 almost almost RB 34823 1083 23 every every DT 34823 1083 24 service service NN 34823 1083 25 that that WDT 34823 1083 26 human human NN 34823 1083 27 wants want VBZ 34823 1083 28 require require VBP 34823 1083 29 , , , 34823 1083 30 from from IN 34823 1083 31 surgical surgical JJ 34823 1083 32 operations operation NNS 34823 1083 33 , , , 34823 1083 34 through through IN 34823 1083 35 instrumental instrumental JJ 34823 1083 36 music music NN 34823 1083 37 , , , 34823 1083 38 to to IN 34823 1083 39 wheat wheat NN 34823 1083 40 and and CC 34823 1083 41 horse horse NN 34823 1083 42 - - HYPH 34823 1083 43 shoes shoe NNS 34823 1083 44 . . . 34823 1084 1 On on IN 34823 1084 2 the the DT 34823 1084 3 other other JJ 34823 1084 4 hand hand NN 34823 1084 5 , , , 34823 1084 6 money money NN 34823 1084 7 is be VBZ 34823 1084 8 not not RB 34823 1084 9 the the DT 34823 1084 10 only only JJ 34823 1084 11 thing thing NN 34823 1084 12 by by IN 34823 1084 13 means mean NNS 34823 1084 14 of of IN 34823 1084 15 which which WDT 34823 1084 16 other other JJ 34823 1084 17 things thing NNS 34823 1084 18 are be VBP 34823 1084 19 purchased purchase VBN 34823 1084 20 . . . 34823 1085 1 The the DT 34823 1085 2 extent extent NN 34823 1085 3 of of IN 34823 1085 4 barter barter NN 34823 1085 5 in in IN 34823 1085 6 modern modern JJ 34823 1085 7 life life NN 34823 1085 8 will will MD 34823 1085 9 wait wait VB 34823 1085 10 for for IN 34823 1085 11 later later JJ 34823 1085 12 discussion discussion NN 34823 1085 13 . . . 34823 1086 1 [ [ -LRB- 34823 1086 2 71 71 CD 34823 1086 3 ] ] -RRB- 34823 1086 4 I -PRON- PRP 34823 1086 5 do do VBP 34823 1086 6 not not RB 34823 1086 7 think think VB 34823 1086 8 that that IN 34823 1086 9 _ _ NNP 34823 1086 10 any any DT 34823 1086 11 _ _ NNP 34823 1086 12 sharp sharp JJ 34823 1086 13 distinction distinction NN 34823 1086 14 between between IN 34823 1086 15 money money NN 34823 1086 16 and and CC 34823 1086 17 all all DT 34823 1086 18 other other JJ 34823 1086 19 things thing NNS 34823 1086 20 is be VBZ 34823 1086 21 valid valid JJ 34823 1086 22 . . . 34823 1086 23 ) ) -RRB- 34823 1087 1 Wieser Wieser NNP 34823 1087 2 complains complain VBZ 34823 1087 3 of of IN 34823 1087 4 the the DT 34823 1087 5 older old JJR 34823 1087 6 economics economic NNS 34823 1087 7 which which WDT 34823 1087 8 treats treat VBZ 34823 1087 9 money money NN 34823 1087 10 as as IN 34823 1087 11 a a DT 34823 1087 12 commodity commodity NN 34823 1087 13 . . . 34823 1088 1 And and CC 34823 1088 2 he -PRON- PRP 34823 1088 3 contends contend VBZ 34823 1088 4 that that IN 34823 1088 5 as as IN 34823 1088 6 money money NN 34823 1088 7 and and CC 34823 1088 8 commodities commodity NNS 34823 1088 9 show show VBP 34823 1088 10 a a DT 34823 1088 11 contrast contrast NN 34823 1088 12 in in IN 34823 1088 13 their -PRON- PRP$ 34823 1088 14 essence essence NN 34823 1088 15 ( ( -LRB- 34823 1088 16 _ _ NNP 34823 1088 17 Wesen Wesen NNP 34823 1088 18 _ _ NNP 34823 1088 19 ) ) -RRB- 34823 1088 20 , , , 34823 1088 21 they -PRON- PRP 34823 1088 22 should should MD 34823 1088 23 also also RB 34823 1088 24 manifest manifest VB 34823 1088 25 a a DT 34823 1088 26 contrast contrast NN 34823 1088 27 in in IN 34823 1088 28 the the DT 34823 1088 29 laws law NNS 34823 1088 30 of of IN 34823 1088 31 their -PRON- PRP$ 34823 1088 32 values value NNS 34823 1088 33 , , , 34823 1088 34 even even RB 34823 1088 35 though though IN 34823 1088 36 the the DT 34823 1088 37 fundamental fundamental JJ 34823 1088 38 general general JJ 34823 1088 39 theory theory NN 34823 1088 40 of of IN 34823 1088 41 value value NN 34823 1088 42 applies apply VBZ 34823 1088 43 to to IN 34823 1088 44 both both DT 34823 1088 45 ( ( -LRB- 34823 1088 46 I -PRON- PRP 34823 1088 47 , , , 34823 1088 48 47 47 CD 34823 1088 49 ) ) -RRB- 34823 1088 50 . . . 34823 1089 1 He -PRON- PRP 34823 1089 2 finds find VBZ 34823 1089 3 in in IN 34823 1089 4 representatives representative NNS 34823 1089 5 of of IN 34823 1089 6 money money NN 34823 1089 7 ( ( -LRB- 34823 1089 8 _ _ NNP 34823 1089 9 Geldsurrogate Geldsurrogate NNP 34823 1089 10 _ _ NNP 34823 1089 11 ) ) -RRB- 34823 1089 12 and and CC 34823 1089 13 in in IN 34823 1089 14 velocity velocity NN 34823 1089 15 of of IN 34823 1089 16 circulation circulation NN 34823 1089 17 of of IN 34823 1089 18 money money NN 34823 1089 19 , , , 34823 1089 20 factors factor NNS 34823 1089 21 which which WDT 34823 1089 22 are be VBP 34823 1089 23 lacking lack VBG 34823 1089 24 in in IN 34823 1089 25 commodities commodity NNS 34823 1089 26 . . . 34823 1090 1 ( ( -LRB- 34823 1090 2 Again again RB 34823 1090 3 a a DT 34823 1090 4 question question NN 34823 1090 5 must must MD 34823 1090 6 be be VB 34823 1090 7 interjected interject VBN 34823 1090 8 by by IN 34823 1090 9 the the DT 34823 1090 10 writer writer NN 34823 1090 11 . . . 34823 1091 1 Are be VBP 34823 1091 2 not not RB 34823 1091 3 corporation corporation NN 34823 1091 4 securities security NNS 34823 1091 5 essentially essentially RB 34823 1091 6 like like IN 34823 1091 7 _ _ NNP 34823 1091 8 Geldsurrogate Geldsurrogate NNP 34823 1091 9 _ _ NNP 34823 1091 10 from from IN 34823 1091 11 this this DT 34823 1091 12 angle angle NN 34823 1091 13 ? ? . 34823 1092 1 And and CC 34823 1092 2 do do VBP 34823 1092 3 not not RB 34823 1092 4 goods good NNS 34823 1092 5 vary vary VB 34823 1092 6 greatly greatly RB 34823 1092 7 in in IN 34823 1092 8 the the DT 34823 1092 9 number number NN 34823 1092 10 of of IN 34823 1092 11 times time NNS 34823 1092 12 they -PRON- PRP 34823 1092 13 are be VBP 34823 1092 14 exchanged exchange VBN 34823 1092 15 ? ? . 34823 1093 1 What what WP 34823 1093 2 of of IN 34823 1093 3 the the DT 34823 1093 4 speculative speculative JJ 34823 1093 5 markets market NNS 34823 1093 6 , , , 34823 1093 7 where where WRB 34823 1093 8 more more JJR 34823 1093 9 sales sale NNS 34823 1093 10 are be VBP 34823 1093 11 made make VBN 34823 1093 12 in in IN 34823 1093 13 an an DT 34823 1093 14 active active JJ 34823 1093 15 market market NN 34823 1093 16 , , , 34823 1093 17 at at IN 34823 1093 18 times time NNS 34823 1093 19 , , , 34823 1093 20 than than IN 34823 1093 21 there there EX 34823 1093 22 are be VBP 34823 1093 23 commodities commodity NNS 34823 1093 24 or or CC 34823 1093 25 securities security NNS 34823 1093 26 of of IN 34823 1093 27 the the DT 34823 1093 28 type type NN 34823 1093 29 dealt deal VBD 34823 1093 30 in in RP 34823 1093 31 in in IN 34823 1093 32 existence existence NN 34823 1093 33 ? ? . 34823 1093 34 ) ) -RRB- 34823 1094 1 The the DT 34823 1094 2 value value NN 34823 1094 3 of of IN 34823 1094 4 money money NN 34823 1094 5 is be VBZ 34823 1094 6 essentially essentially RB 34823 1094 7 bound bind VBN 34823 1094 8 up up RP 34823 1094 9 with with IN 34823 1094 10 the the DT 34823 1094 11 money money NN 34823 1094 12 - - HYPH 34823 1094 13 service service NN 34823 1094 14 . . . 34823 1095 1 Wieser Wieser NNP 34823 1095 2 indicates indicate VBZ 34823 1095 3 that that IN 34823 1095 4 he -PRON- PRP 34823 1095 5 is be VBZ 34823 1095 6 not not RB 34823 1095 7 talking talk VBG 34823 1095 8 about about IN 34823 1095 9 the the DT 34823 1095 10 subjective subjective JJ 34823 1095 11 value value NN 34823 1095 12 of of IN 34823 1095 13 money money NN 34823 1095 14 , , , 34823 1095 15 but but CC 34823 1095 16 its -PRON- PRP$ 34823 1095 17 objective objective JJ 34823 1095 18 value value NN 34823 1095 19 , , , 34823 1095 20 using use VBG 34823 1095 21 the the DT 34823 1095 22 popular popular JJ 34823 1095 23 meaning meaning NN 34823 1095 24 of of IN 34823 1095 25 the the DT 34823 1095 26 term term NN 34823 1095 27 , , , 34823 1095 28 which which WDT 34823 1095 29 , , , 34823 1095 30 he -PRON- PRP 34823 1095 31 says say VBZ 34823 1095 32 , , , 34823 1095 33 is be VBZ 34823 1095 34 not not RB 34823 1095 35 strictly strictly RB 34823 1095 36 logical logical JJ 34823 1095 37 , , , 34823 1095 38 but but CC 34823 1095 39 is be VBZ 34823 1095 40 useful useful JJ 34823 1095 41 : : : 34823 1095 42 the the DT 34823 1095 43 relation relation NN 34823 1095 44 of of IN 34823 1095 45 money money NN 34823 1095 46 to to IN 34823 1095 47 all all DT 34823 1095 48 other other JJ 34823 1095 49 goods good NNS 34823 1095 50 which which WDT 34823 1095 51 are be VBP 34823 1095 52 exchanged exchange VBN 34823 1095 53 , , , 34823 1095 54 the the DT 34823 1095 55 purchasing purchasing NN 34823 1095 56 power power NN 34823 1095 57 of of IN 34823 1095 58 money money NN 34823 1095 59 . . . 34823 1096 1 This this DT 34823 1096 2 depends depend VBZ 34823 1096 3 on on IN 34823 1096 4 goods good NNS 34823 1096 5 as as RB 34823 1096 6 well well RB 34823 1096 7 as as IN 34823 1096 8 on on IN 34823 1096 9 money money NN 34823 1096 10 . . . 34823 1097 1 In in IN 34823 1097 2 the the DT 34823 1097 3 second second JJ 34823 1097 4 article article NN 34823 1097 5 , , , 34823 1097 6 Wieser Wieser NNP 34823 1097 7 refines refine NNS 34823 1097 8 and and CC 34823 1097 9 elaborates elaborate VBZ 34823 1097 10 his -PRON- PRP$ 34823 1097 11 conception conception NN 34823 1097 12 of of IN 34823 1097 13 the the DT 34823 1097 14 objective objective JJ 34823 1097 15 value value NN 34823 1097 16 of of IN 34823 1097 17 money money NN 34823 1097 18 , , , 34823 1097 19 seeking seek VBG 34823 1097 20 to to TO 34823 1097 21 get get VB 34823 1097 22 away away RB 34823 1097 23 from from IN 34823 1097 24 the the DT 34823 1097 25 notion notion NN 34823 1097 26 of of IN 34823 1097 27 relativity relativity NN 34823 1097 28 which which WDT 34823 1097 29 is be VBZ 34823 1097 30 involved involve VBN 34823 1097 31 in in IN 34823 1097 32 the the DT 34823 1097 33 conception conception NN 34823 1097 34 of of IN 34823 1097 35 purchasing purchase VBG 34823 1097 36 power power NN 34823 1097 37 , , , 34823 1097 38 and and CC 34823 1097 39 to to TO 34823 1097 40 get get VB 34823 1097 41 an an DT 34823 1097 42 absolute absolute JJ 34823 1097 43 conception conception NN 34823 1097 44 , , , 34823 1097 45 which which WDT 34823 1097 46 shall shall MD 34823 1097 47 be be VB 34823 1097 48 a a DT 34823 1097 49 causal causal JJ 34823 1097 50 factor factor NN 34823 1097 51 in in IN 34823 1097 52 the the DT 34823 1097 53 determination determination NN 34823 1097 54 of of IN 34823 1097 55 general general JJ 34823 1097 56 prices price NNS 34823 1097 57 , , , 34823 1097 58 rather rather RB 34823 1097 59 than than IN 34823 1097 60 a a DT 34823 1097 61 mere mere JJ 34823 1097 62 reflection reflection NN 34823 1097 63 of of IN 34823 1097 64 them -PRON- PRP 34823 1097 65 . . . 34823 1098 1 It -PRON- PRP 34823 1098 2 is be VBZ 34823 1098 3 to to TO 34823 1098 4 be be VB 34823 1098 5 a a DT 34823 1098 6 coefficient coefficient NN 34823 1098 7 with with IN 34823 1098 8 the the DT 34823 1098 9 objective objective JJ 34823 1098 10 values value NNS 34823 1098 11 of of IN 34823 1098 12 goods good NNS 34823 1098 13 in in IN 34823 1098 14 determining determine VBG 34823 1098 15 prices price NNS 34823 1098 16 . . . 34823 1099 1 A a DT 34823 1099 2 change change NN 34823 1099 3 in in IN 34823 1099 4 general general JJ 34823 1099 5 prices price NNS 34823 1099 6 may may MD 34823 1099 7 be be VB 34823 1099 8 caused cause VBN 34823 1099 9 by by IN 34823 1099 10 a a DT 34823 1099 11 change change NN 34823 1099 12 in in IN 34823 1099 13 the the DT 34823 1099 14 value value NN 34823 1099 15 of of IN 34823 1099 16 money money NN 34823 1099 17 , , , 34823 1099 18 and and CC 34823 1099 19 may may MD 34823 1099 20 be be VB 34823 1099 21 caused cause VBN 34823 1099 22 by by IN 34823 1099 23 a a DT 34823 1099 24 change change NN 34823 1099 25 in in IN 34823 1099 26 the the DT 34823 1099 27 values value NNS 34823 1099 28 of of IN 34823 1099 29 goods good NNS 34823 1099 30 ( ( -LRB- 34823 1099 31 II II NNP 34823 1099 32 , , , 34823 1099 33 p. p. NN 34823 1099 34 511 511 CD 34823 1099 35 ) ) -RRB- 34823 1099 36 . . . 34823 1100 1 In in IN 34823 1100 2 explaining explain VBG 34823 1100 3 this this DT 34823 1100 4 objective objective JJ 34823 1100 5 value value NN 34823 1100 6 concept concept NN 34823 1100 7 ( ( -LRB- 34823 1100 8 which which WDT 34823 1100 9 , , , 34823 1100 10 in in IN 34823 1100 11 its -PRON- PRP$ 34823 1100 12 formal formal JJ 34823 1100 13 and and CC 34823 1100 14 logical logical JJ 34823 1100 15 aspects aspect NNS 34823 1100 16 , , , 34823 1100 17 is be VBZ 34823 1100 18 in in IN 34823 1100 19 many many JJ 34823 1100 20 ways way NNS 34823 1100 21 similar similar JJ 34823 1100 22 to to IN 34823 1100 23 the the DT 34823 1100 24 absolute absolute JJ 34823 1100 25 social social JJ 34823 1100 26 value value NN 34823 1100 27 concept concept NN 34823 1100 28 maintained maintain VBN 34823 1100 29 by by IN 34823 1100 30 the the DT 34823 1100 31 present present JJ 34823 1100 32 writer writer NN 34823 1100 33 , , , 34823 1100 34 though though RB 34823 1100 35 , , , 34823 1100 36 in in IN 34823 1100 37 the the DT 34823 1100 38 present present JJ 34823 1100 39 writer writer NN 34823 1100 40 's 's POS 34823 1100 41 judgment judgment NN 34823 1100 42 , , , 34823 1100 43 inadequately inadequately RB 34823 1100 44 accounted account VBD 34823 1100 45 for for IN 34823 1100 46 by by IN 34823 1100 47 Wieser Wieser NNP 34823 1100 48 , , , 34823 1100 49 so so RB 34823 1100 50 far far RB 34823 1100 51 as as IN 34823 1100 52 a a DT 34823 1100 53 psychological psychological JJ 34823 1100 54 causal causal NN 34823 1100 55 theory theory NN 34823 1100 56 is be VBZ 34823 1100 57 concerned concern VBN 34823 1100 58 ) ) -RRB- 34823 1100 59 Wieser Wieser NNP 34823 1100 60 objects object VBZ 34823 1100 61 to to IN 34823 1100 62 the the DT 34823 1100 63 term term NN 34823 1100 64 , , , 34823 1100 65 " " `` 34823 1100 66 objective objective JJ 34823 1100 67 value value NN 34823 1100 68 " " '' 34823 1100 69 which which WDT 34823 1100 70 he -PRON- PRP 34823 1100 71 had have VBD 34823 1100 72 used use VBN 34823 1100 73 in in IN 34823 1100 74 the the DT 34823 1100 75 earlier early JJR 34823 1100 76 article article NN 34823 1100 77 . . . 34823 1101 1 He -PRON- PRP 34823 1101 2 prefers prefer VBZ 34823 1101 3 " " `` 34823 1101 4 volkswirtschaftlicher volkswirtschaftlicher NN 34823 1101 5 Wert Wert NNP 34823 1101 6 . . . 34823 1101 7 " " '' 34823 1102 1 ( ( -LRB- 34823 1102 2 This this DT 34823 1102 3 term term NN 34823 1102 4 is be VBZ 34823 1102 5 perhaps perhaps RB 34823 1102 6 best well RBS 34823 1102 7 rendered render VBN 34823 1102 8 " " `` 34823 1102 9 public public JJ 34823 1102 10 economic economic JJ 34823 1102 11 value value NN 34823 1102 12 , , , 34823 1102 13 " " '' 34823 1102 14 for for IN 34823 1102 15 present present JJ 34823 1102 16 purposes purpose NNS 34823 1102 17 , , , 34823 1102 18 to to TO 34823 1102 19 distinguish distinguish VB 34823 1102 20 it -PRON- PRP 34823 1102 21 , , , 34823 1102 22 on on IN 34823 1102 23 the the DT 34823 1102 24 one one CD 34823 1102 25 hand hand NN 34823 1102 26 , , , 34823 1102 27 from from IN 34823 1102 28 individual individual JJ 34823 1102 29 or or CC 34823 1102 30 personal personal JJ 34823 1102 31 value value NN 34823 1102 32 , , , 34823 1102 33 and and CC 34823 1102 34 , , , 34823 1102 35 on on IN 34823 1102 36 the the DT 34823 1102 37 other other JJ 34823 1102 38 , , , 34823 1102 39 from from IN 34823 1102 40 the the DT 34823 1102 41 social social JJ 34823 1102 42 economic economic JJ 34823 1102 43 value value NN 34823 1102 44 concept concept NN 34823 1102 45 of of IN 34823 1102 46 the the DT 34823 1102 47 present present JJ 34823 1102 48 writer writer NN 34823 1102 49 . . . 34823 1103 1 At at IN 34823 1103 2 the the DT 34823 1103 3 same same JJ 34823 1103 4 time time NN 34823 1103 5 , , , 34823 1103 6 the the DT 34823 1103 7 connotation connotation NN 34823 1103 8 of of IN 34823 1103 9 a a DT 34823 1103 10 communistic communistic JJ 34823 1103 11 or or CC 34823 1103 12 authoritive authoritive JJ 34823 1103 13 value value NN 34823 1103 14 must must MD 34823 1103 15 not not RB 34823 1103 16 be be VB 34823 1103 17 read read VBN 34823 1103 18 into into IN 34823 1103 19 the the DT 34823 1103 20 term term NN 34823 1103 21 . . . 34823 1104 1 It -PRON- PRP 34823 1104 2 is be VBZ 34823 1104 3 , , , 34823 1104 4 in in IN 34823 1104 5 its -PRON- PRP$ 34823 1104 6 formal formal JJ 34823 1104 7 and and CC 34823 1104 8 logical logical JJ 34823 1104 9 aspects aspect NNS 34823 1104 10 , , , 34823 1104 11 really really RB 34823 1104 12 the the DT 34823 1104 13 most most RBS 34823 1104 14 common common JJ 34823 1104 15 of of IN 34823 1104 16 all all PDT 34823 1104 17 the the DT 34823 1104 18 value value NN 34823 1104 19 notions notion NNS 34823 1104 20 , , , 34823 1104 21 and and CC 34823 1104 22 may may MD 34823 1104 23 , , , 34823 1104 24 best good JJS 34823 1104 25 of of IN 34823 1104 26 all all DT 34823 1104 27 perhaps perhaps RB 34823 1104 28 , , , 34823 1104 29 be be VB 34823 1104 30 translated translate VBN 34823 1104 31 simply simply RB 34823 1104 32 " " `` 34823 1104 33 value value NN 34823 1104 34 , , , 34823 1104 35 " " '' 34823 1104 36 or or CC 34823 1104 37 " " `` 34823 1104 38 economic economic JJ 34823 1104 39 value value NN 34823 1104 40 , , , 34823 1104 41 " " '' 34823 1104 42 or or CC 34823 1104 43 " " `` 34823 1104 44 absolute absolute JJ 34823 1104 45 value value NN 34823 1104 46 . . . 34823 1104 47 " " '' 34823 1105 1 But but CC 34823 1105 2 for for IN 34823 1105 3 the the DT 34823 1105 4 present present JJ 34823 1105 5 discussion discussion NN 34823 1105 6 , , , 34823 1105 7 we -PRON- PRP 34823 1105 8 shall shall MD 34823 1105 9 call call VB 34823 1105 10 it -PRON- PRP 34823 1105 11 " " `` 34823 1105 12 public public JJ 34823 1105 13 economic economic JJ 34823 1105 14 value value NN 34823 1105 15 . . . 34823 1105 16 " " '' 34823 1105 17 ) ) -RRB- 34823 1106 1 This this DT 34823 1106 2 public public JJ 34823 1106 3 economic economic JJ 34823 1106 4 value value NN 34823 1106 5 , , , 34823 1106 6 in in IN 34823 1106 7 the the DT 34823 1106 8 case case NN 34823 1106 9 of of IN 34823 1106 10 goods good NNS 34823 1106 11 , , , 34823 1106 12 is be VBZ 34823 1106 13 not not RB 34823 1106 14 a a DT 34823 1106 15 mere mere JJ 34823 1106 16 objective objective JJ 34823 1106 17 relation relation NN 34823 1106 18 between between IN 34823 1106 19 a a DT 34823 1106 20 good good JJ 34823 1106 21 and and CC 34823 1106 22 its -PRON- PRP$ 34823 1106 23 price price NN 34823 1106 24 - - HYPH 34823 1106 25 equivalent equivalent NN 34823 1106 26 . . . 34823 1107 1 It -PRON- PRP 34823 1107 2 is be VBZ 34823 1107 3 a a DT 34823 1107 4 subjective subjective JJ 34823 1107 5 ( ( -LRB- 34823 1107 6 psychological psychological JJ 34823 1107 7 ) ) -RRB- 34823 1107 8 value value NN 34823 1107 9 , , , 34823 1107 10 like like IN 34823 1107 11 personal personal JJ 34823 1107 12 value value NN 34823 1107 13 . . . 34823 1108 1 If if IN 34823 1108 2 one one CD 34823 1108 3 wishes wish VBZ 34823 1108 4 to to TO 34823 1108 5 call call VB 34823 1108 6 it -PRON- PRP 34823 1108 7 objective objective JJ 34823 1108 8 value value NN 34823 1108 9 , , , 34823 1108 10 one one CD 34823 1108 11 is be VBZ 34823 1108 12 using use VBG 34823 1108 13 objective objective NN 34823 1108 14 in in IN 34823 1108 15 the the DT 34823 1108 16 sense sense NN 34823 1108 17 of of IN 34823 1108 18 the the DT 34823 1108 19 general general JJ 34823 1108 20 subjective subjective JJ 34823 1108 21 as as IN 34823 1108 22 distinguished distinguish VBN 34823 1108 23 from from IN 34823 1108 24 the the DT 34823 1108 25 personal personal JJ 34823 1108 26 individual individual JJ 34823 1108 27 idiosyncracy idiosyncracy NN 34823 1108 28 ( ( -LRB- 34823 1108 29 II II NNP 34823 1108 30 , , , 34823 1108 31 p. p. NN 34823 1108 32 502 502 CD 34823 1108 33 ) ) -RRB- 34823 1108 34 . . . 34823 1109 1 The the DT 34823 1109 2 objective objective JJ 34823 1109 3 exchange exchange NN 34823 1109 4 value value NN 34823 1109 5 of of IN 34823 1109 6 goods good NNS 34823 1109 7 ( ( -LRB- 34823 1109 8 here here RB 34823 1109 9 Wieser Wieser NNP 34823 1109 10 uses use VBZ 34823 1109 11 " " `` 34823 1109 12 objektiver objektiver NN 34823 1109 13 Tauschwert tauschwert NN 34823 1109 14 " " '' 34823 1109 15 as as IN 34823 1109 16 the the DT 34823 1109 17 equivalent equivalent NN 34823 1109 18 of of IN 34823 1109 19 his -PRON- PRP$ 34823 1109 20 " " `` 34823 1109 21 volkswirtschaftlicher volkswirtschaftlicher NN 34823 1109 22 Wert wert NN 34823 1109 23 " " '' 34823 1109 24 above above RB 34823 1109 25 mentioned mention VBN 34823 1109 26 ) ) -RRB- 34823 1109 27 is be VBZ 34823 1109 28 the the DT 34823 1109 29 common common JJ 34823 1109 30 subjective subjective JJ 34823 1109 31 part part NN 34823 1109 32 of of IN 34823 1109 33 the the DT 34823 1109 34 individual individual JJ 34823 1109 35 valuations valuation NNS 34823 1109 36 leaving leave VBG 34823 1109 37 out out RP 34823 1109 38 the the DT 34823 1109 39 remainder remainder NN 34823 1109 40 of of IN 34823 1109 41 individual individual JJ 34823 1109 42 peculiarities peculiarity NNS 34823 1109 43 ( ( -LRB- 34823 1109 44 " " `` 34823 1109 45 der der NNP 34823 1109 46 allgemein allgemein NNP 34823 1109 47 subjective subjective JJ 34823 1109 48 Teil Teil NNP 34823 1109 49 der der NN 34823 1109 50 persönlichen persönlichen NNP 34823 1109 51 Wertschätzungen Wertschätzungen NNP 34823 1109 52 mit mit NNP 34823 1109 53 Verschweigung Verschweigung NNP 34823 1109 54 des des NNP 34823 1109 55 individual individual JJ 34823 1109 56 eigenartig eigenartig NN 34823 1109 57 empfundenen empfundenen NN 34823 1109 58 Restes Restes NNP 34823 1109 59 " " '' 34823 1109 60 ) ) -RRB- 34823 1109 61 . . . 34823 1110 1 [ [ -LRB- 34823 1110 2 72 72 CD 34823 1110 3 ] ] -RRB- 34823 1110 4 Wieser Wieser NNP 34823 1110 5 does do VBZ 34823 1110 6 not not RB 34823 1110 7 seem seem VB 34823 1110 8 to to IN 34823 1110 9 me -PRON- PRP 34823 1110 10 to to TO 34823 1110 11 think think VB 34823 1110 12 out out RP 34823 1110 13 clearly clearly RB 34823 1110 14 the the DT 34823 1110 15 distinction distinction NN 34823 1110 16 between between IN 34823 1110 17 absolute absolute JJ 34823 1110 18 and and CC 34823 1110 19 relative relative JJ 34823 1110 20 value value NN 34823 1110 21 in in IN 34823 1110 22 this this DT 34823 1110 23 connection connection NN 34823 1110 24 . . . 34823 1111 1 He -PRON- PRP 34823 1111 2 wishes wish VBZ 34823 1111 3 to to TO 34823 1111 4 get get VB 34823 1111 5 something something NN 34823 1111 6 more more RBR 34823 1111 7 fundamental fundamental JJ 34823 1111 8 than than IN 34823 1111 9 a a DT 34823 1111 10 mere mere JJ 34823 1111 11 relation relation NN 34823 1111 12 between between IN 34823 1111 13 goods good NNS 34823 1111 14 and and CC 34823 1111 15 money money NN 34823 1111 16 ; ; : 34823 1111 17 he -PRON- PRP 34823 1111 18 wishes wish VBZ 34823 1111 19 a a DT 34823 1111 20 psychological psychological JJ 34823 1111 21 phenomenon phenomenon NN 34823 1111 22 . . . 34823 1112 1 He -PRON- PRP 34823 1112 2 wishes wish VBZ 34823 1112 3 to to TO 34823 1112 4 have have VB 34823 1112 5 a a DT 34823 1112 6 value value NN 34823 1112 7 of of IN 34823 1112 8 goods good NNS 34823 1112 9 which which WDT 34823 1112 10 can can MD 34823 1112 11 be be VB 34823 1112 12 set set VBN 34823 1112 13 over over RP 34823 1112 14 against against IN 34823 1112 15 the the DT 34823 1112 16 value value NN 34823 1112 17 of of IN 34823 1112 18 money money NN 34823 1112 19 , , , 34823 1112 20 the the DT 34823 1112 21 two two CD 34823 1112 22 , , , 34823 1112 23 in in IN 34823 1112 24 combination combination NN 34823 1112 25 , , , 34823 1112 26 determining determine VBG 34823 1112 27 prices price NNS 34823 1112 28 . . . 34823 1113 1 And and CC 34823 1113 2 yet yet RB 34823 1113 3 , , , 34823 1113 4 he -PRON- PRP 34823 1113 5 wishes wish VBZ 34823 1113 6 somehow somehow RB 34823 1113 7 to to TO 34823 1113 8 get get VB 34823 1113 9 these these DT 34823 1113 10 out out IN 34823 1113 11 of of IN 34823 1113 12 the the DT 34823 1113 13 prices price NNS 34823 1113 14 themselves -PRON- PRP 34823 1113 15 . . . 34823 1114 1 " " `` 34823 1114 2 We -PRON- PRP 34823 1114 3 must must MD 34823 1114 4 seek seek VB 34823 1114 5 a a DT 34823 1114 6 concept concept NN 34823 1114 7 of of IN 34823 1114 8 the the DT 34823 1114 9 public public JJ 34823 1114 10 economic economic JJ 34823 1114 11 value value NN 34823 1114 12 of of IN 34823 1114 13 money money NN 34823 1114 14 which which WDT 34823 1114 15 , , , 34823 1114 16 to to TO 34823 1114 17 be be VB 34823 1114 18 sure sure JJ 34823 1114 19 , , , 34823 1114 20 proceeds proceed NNS 34823 1114 21 from from IN 34823 1114 22 the the DT 34823 1114 23 general general JJ 34823 1114 24 price price NN 34823 1114 25 - - HYPH 34823 1114 26 level level NN 34823 1114 27 ( ( -LRB- 34823 1114 28 _ _ NNP 34823 1114 29 Preisstand Preisstand NNP 34823 1114 30 _ _ NNP 34823 1114 31 ) ) -RRB- 34823 1114 32 , , , 34823 1114 33 but but CC 34823 1114 34 which which WDT 34823 1114 35 excludes exclude VBZ 34823 1114 36 from from IN 34823 1114 37 its -PRON- PRP$ 34823 1114 38 content content NN 34823 1114 39 everything everything NN 34823 1114 40 that that WDT 34823 1114 41 comes come VBZ 34823 1114 42 purely purely RB 34823 1114 43 from from IN 34823 1114 44 the the DT 34823 1114 45 value value NN 34823 1114 46 of of IN 34823 1114 47 goods good NNS 34823 1114 48 " " '' 34823 1114 49 ( ( -LRB- 34823 1114 50 II II NNP 34823 1114 51 , , , 34823 1114 52 511 511 CD 34823 1114 53 ) ) -RRB- 34823 1114 54 . . . 34823 1115 1 To to IN 34823 1115 2 the the DT 34823 1115 3 public public JJ 34823 1115 4 economic economic JJ 34823 1115 5 value value NN 34823 1115 6 of of IN 34823 1115 7 money money NN 34823 1115 8 , , , 34823 1115 9 however however RB 34823 1115 10 , , , 34823 1115 11 Wieser Wieser NNP 34823 1115 12 gives give VBZ 34823 1115 13 no no DT 34823 1115 14 independent independent JJ 34823 1115 15 definition definition NN 34823 1115 16 . . . 34823 1116 1 The the DT 34823 1116 2 definition definition NN 34823 1116 3 runs run VBZ 34823 1116 4 in in IN 34823 1116 5 terms term NNS 34823 1116 6 of of IN 34823 1116 7 the the DT 34823 1116 8 values value NNS 34823 1116 9 of of IN 34823 1116 10 the the DT 34823 1116 11 goods good NNS 34823 1116 12 . . . 34823 1117 1 " " `` 34823 1117 2 The the DT 34823 1117 3 value value NN 34823 1117 4 of of IN 34823 1117 5 money money NN 34823 1117 6 rises rise VBZ 34823 1117 7 when when WRB 34823 1117 8 the the DT 34823 1117 9 same same JJ 34823 1117 10 inner inner JJ 34823 1117 11 values value NNS 34823 1117 12 ( ( -LRB- 34823 1117 13 _ _ NNP 34823 1117 14 innere innere NN 34823 1117 15 Werte Werte NNP 34823 1117 16 _ _ NNP 34823 1117 17 ) ) -RRB- 34823 1117 18 of of IN 34823 1117 19 commodities commodity NNS 34823 1117 20 are be VBP 34823 1117 21 expressed express VBN 34823 1117 22 in in IN 34823 1117 23 lower low JJR 34823 1117 24 prices price NNS 34823 1117 25 ; ; : 34823 1117 26 it -PRON- PRP 34823 1117 27 falls fall VBZ 34823 1117 28 , , , 34823 1117 29 when when WRB 34823 1117 30 they -PRON- PRP 34823 1117 31 are be VBP 34823 1117 32 expressed express VBN 34823 1117 33 in in IN 34823 1117 34 higher high JJR 34823 1117 35 prices price NNS 34823 1117 36 " " '' 34823 1117 37 ( ( -LRB- 34823 1117 38 II II NNP 34823 1117 39 , , , 34823 1117 40 511 511 CD 34823 1117 41 - - SYM 34823 1117 42 12 12 CD 34823 1117 43 ) ) -RRB- 34823 1117 44 . . . 34823 1118 1 " " `` 34823 1118 2 Inner inner JJ 34823 1118 3 value value NN 34823 1118 4 " " '' 34823 1118 5 of of IN 34823 1118 6 goods good NNS 34823 1118 7 is be VBZ 34823 1118 8 not not RB 34823 1118 9 defined define VBN 34823 1118 10 , , , 34823 1118 11 but but CC 34823 1118 12 I -PRON- PRP 34823 1118 13 take take VBP 34823 1118 14 it -PRON- PRP 34823 1118 15 that that WDT 34823 1118 16 Wieser Wieser NNP 34823 1118 17 uses use VBZ 34823 1118 18 it -PRON- PRP 34823 1118 19 as as IN 34823 1118 20 meaning mean VBG 34823 1118 21 essentially essentially RB 34823 1118 22 the the DT 34823 1118 23 same same JJ 34823 1118 24 thing thing NN 34823 1118 25 as as IN 34823 1118 26 the the DT 34823 1118 27 public public JJ 34823 1118 28 economic economic JJ 34823 1118 29 value value NN 34823 1118 30 already already RB 34823 1118 31 described describe VBN 34823 1118 32 -- -- : 34823 1118 33 an an DT 34823 1118 34 absolute absolute JJ 34823 1118 35 value value NN 34823 1118 36 . . . 34823 1119 1 ( ( -LRB- 34823 1119 2 _ _ NNP 34823 1119 3 Cf Cf NNP 34823 1119 4 . . . 34823 1119 5 _ _ NNP 34823 1119 6 the the DT 34823 1119 7 usage usage NN 34823 1119 8 of of IN 34823 1119 9 Menger Menger NNP 34823 1119 10 and and CC 34823 1119 11 von von NNP 34823 1119 12 Mises Mises NNP 34823 1119 13 , , , 34823 1119 14 _ _ NNP 34823 1119 15 infra infra NNP 34823 1119 16 _ _ NNP 34823 1119 17 , , , 34823 1119 18 in in IN 34823 1119 19 this this DT 34823 1119 20 chapter chapter NN 34823 1119 21 , , , 34823 1119 22 with with IN 34823 1119 23 respect respect NN 34823 1119 24 to to IN 34823 1119 25 the the DT 34823 1119 26 terms term NNS 34823 1119 27 , , , 34823 1119 28 " " `` 34823 1119 29 inner inner JJ 34823 1119 30 " " '' 34823 1119 31 and and CC 34823 1119 32 " " `` 34823 1119 33 outer outer JJ 34823 1119 34 " " '' 34823 1119 35 value value NN 34823 1119 36 . . . 34823 1119 37 ) ) -RRB- 34823 1120 1 The the DT 34823 1120 2 definition definition NN 34823 1120 3 is be VBZ 34823 1120 4 not not RB 34823 1120 5 strictly strictly RB 34823 1120 6 circular circular JJ 34823 1120 7 , , , 34823 1120 8 perhaps perhaps RB 34823 1120 9 , , , 34823 1120 10 but but CC 34823 1120 11 at at IN 34823 1120 12 least least JJS 34823 1120 13 it -PRON- PRP 34823 1120 14 is be VBZ 34823 1120 15 pretty pretty RB 34823 1120 16 empty empty JJ 34823 1120 17 . . . 34823 1121 1 Nothing nothing NN 34823 1121 2 appears appear VBZ 34823 1121 3 to to TO 34823 1121 4 give give VB 34823 1121 5 the the DT 34823 1121 6 value value NN 34823 1121 7 of of IN 34823 1121 8 money money NN 34823 1121 9 , , , 34823 1121 10 as as IN 34823 1121 11 distinct distinct JJ 34823 1121 12 from from IN 34823 1121 13 its -PRON- PRP$ 34823 1121 14 purchasing purchasing NN 34823 1121 15 power power NN 34823 1121 16 , , , 34823 1121 17 an an DT 34823 1121 18 independent independent JJ 34823 1121 19 standing standing NN 34823 1121 20 . . . 34823 1122 1 The the DT 34823 1122 2 reason reason NN 34823 1122 3 for for IN 34823 1122 4 this this DT 34823 1122 5 will will MD 34823 1122 6 later later RB 34823 1122 7 appear appear VB 34823 1122 8 . . . 34823 1123 1 It -PRON- PRP 34823 1123 2 should should MD 34823 1123 3 be be VB 34823 1123 4 noted note VBN 34823 1123 5 , , , 34823 1123 6 however however RB 34823 1123 7 , , , 34823 1123 8 that that IN 34823 1123 9 the the DT 34823 1123 10 definition definition NN 34823 1123 11 is be VBZ 34823 1123 12 not not RB 34823 1123 13 in in IN 34823 1123 14 terms term NNS 34823 1123 15 of of IN 34823 1123 16 prices price NNS 34823 1123 17 or or CC 34823 1123 18 purchasing purchase VBG 34823 1123 19 power power NN 34823 1123 20 . . . 34823 1124 1 Prices price NNS 34823 1124 2 might may MD 34823 1124 3 remain remain VB 34823 1124 4 unchanged unchanged JJ 34823 1124 5 , , , 34823 1124 6 in in IN 34823 1124 7 Wieser Wieser NNP 34823 1124 8 's 's POS 34823 1124 9 scheme scheme NN 34823 1124 10 , , , 34823 1124 11 and and CC 34823 1124 12 yet yet RB 34823 1124 13 the the DT 34823 1124 14 value value NN 34823 1124 15 of of IN 34823 1124 16 money money NN 34823 1124 17 sink sink NN 34823 1124 18 , , , 34823 1124 19 if if IN 34823 1124 20 the the DT 34823 1124 21 inner inner JJ 34823 1124 22 values value NNS 34823 1124 23 of of IN 34823 1124 24 goods good NNS 34823 1124 25 should should MD 34823 1124 26 sink sink VB 34823 1124 27 . . . 34823 1125 1 The the DT 34823 1125 2 value value NN 34823 1125 3 of of IN 34823 1125 4 money money NN 34823 1125 5 , , , 34823 1125 6 thus thus RB 34823 1125 7 defined define VBN 34823 1125 8 , , , 34823 1125 9 is be VBZ 34823 1125 10 to to TO 34823 1125 11 be be VB 34823 1125 12 explained explain VBN 34823 1125 13 by by IN 34823 1125 14 marginal marginal JJ 34823 1125 15 utility utility NN 34823 1125 16 . . . 34823 1126 1 But but CC 34823 1126 2 money money NN 34823 1126 3 has have VBZ 34823 1126 4 no no DT 34823 1126 5 marginal marginal JJ 34823 1126 6 utility utility NN 34823 1126 7 of of IN 34823 1126 8 its -PRON- PRP$ 34823 1126 9 own own JJ 34823 1126 10 , , , 34823 1126 11 it -PRON- PRP 34823 1126 12 has have VBZ 34823 1126 13 no no DT 34823 1126 14 subjective subjective JJ 34823 1126 15 use use NN 34823 1126 16 - - HYPH 34823 1126 17 value value NN 34823 1126 18 , , , 34823 1126 19 but but CC 34823 1126 20 only only RB 34823 1126 21 a a DT 34823 1126 22 subjective subjective JJ 34823 1126 23 exchange exchange NN 34823 1126 24 value,--derived value,--derive VBN 34823 1126 25 from from IN 34823 1126 26 the the DT 34823 1126 27 use use NN 34823 1126 28 - - HYPH 34823 1126 29 value value NN 34823 1126 30 ( ( -LRB- 34823 1126 31 marginal marginal JJ 34823 1126 32 utility utility NN 34823 1126 33 ) ) -RRB- 34823 1126 34 of of IN 34823 1126 35 the the DT 34823 1126 36 commodity commodity NN 34823 1126 37 purchased purchase VBN 34823 1126 38 with with IN 34823 1126 39 the the DT 34823 1126 40 marginal marginal JJ 34823 1126 41 dollar dollar NN 34823 1126 42 ( ( -LRB- 34823 1126 43 II II NNP 34823 1126 44 , , , 34823 1126 45 507 507 CD 34823 1126 46 - - HYPH 34823 1126 47 8 8 CD 34823 1126 48 ) ) -RRB- 34823 1126 49 . . . 34823 1127 1 This this DT 34823 1127 2 subjective subjective JJ 34823 1127 3 - - HYPH 34823 1127 4 exchange exchange NN 34823 1127 5 value value NN 34823 1127 6 of of IN 34823 1127 7 money money NN 34823 1127 8 is be VBZ 34823 1127 9 the the DT 34823 1127 10 personal personal JJ 34823 1127 11 value value NN 34823 1127 12 of of IN 34823 1127 13 money money NN 34823 1127 14 , , , 34823 1127 15 as as IN 34823 1127 16 distinguished distinguish VBN 34823 1127 17 from from IN 34823 1127 18 its -PRON- PRP$ 34823 1127 19 public public JJ 34823 1127 20 economic economic JJ 34823 1127 21 value value NN 34823 1127 22 , , , 34823 1127 23 and and CC 34823 1127 24 is be VBZ 34823 1127 25 the the DT 34823 1127 26 cause cause NN 34823 1127 27 of of IN 34823 1127 28 the the DT 34823 1127 29 public public JJ 34823 1127 30 economic economic JJ 34823 1127 31 value value NN 34823 1127 32 . . . 34823 1128 1 The the DT 34823 1128 2 personal personal JJ 34823 1128 3 value value NN 34823 1128 4 of of IN 34823 1128 5 money money NN 34823 1128 6 changes change NNS 34823 1128 7 ( ( -LRB- 34823 1128 8 1 1 CD 34823 1128 9 ) ) -RRB- 34823 1128 10 with with IN 34823 1128 11 the the DT 34823 1128 12 volume volume NN 34823 1128 13 of of IN 34823 1128 14 one one CD 34823 1128 15 's 's POS 34823 1128 16 personal personal JJ 34823 1128 17 income income NN 34823 1128 18 , , , 34823 1128 19 ( ( -LRB- 34823 1128 20 2 2 LS 34823 1128 21 ) ) -RRB- 34823 1128 22 with with IN 34823 1128 23 the the DT 34823 1128 24 intensity intensity NN 34823 1128 25 of of IN 34823 1128 26 one one NN 34823 1128 27 's 's POS 34823 1128 28 need need NN 34823 1128 29 for for IN 34823 1128 30 money money NN 34823 1128 31 , , , 34823 1128 32 and and CC 34823 1128 33 ( ( -LRB- 34823 1128 34 3 3 LS 34823 1128 35 ) ) -RRB- 34823 1128 36 with with IN 34823 1128 37 market market NN 34823 1128 38 prices price NNS 34823 1128 39 . . . 34823 1129 1 The the DT 34823 1129 2 personal personal JJ 34823 1129 3 value value NN 34823 1129 4 of of IN 34823 1129 5 money money NN 34823 1129 6 is be VBZ 34823 1129 7 directly directly RB 34823 1129 8 influenced influence VBN 34823 1129 9 and and CC 34823 1129 10 measured measure VBN 34823 1129 11 only only RB 34823 1129 12 in in IN 34823 1129 13 exchanges exchange NNS 34823 1129 14 for for IN 34823 1129 15 consumption consumption NN 34823 1129 16 goods good NNS 34823 1129 17 . . . 34823 1130 1 Expenditures expenditure NNS 34823 1130 2 of of IN 34823 1130 3 other other JJ 34823 1130 4 kinds kind NNS 34823 1130 5 affect affect VBP 34823 1130 6 it -PRON- PRP 34823 1130 7 only only RB 34823 1130 8 indirectly indirectly RB 34823 1130 9 by by IN 34823 1130 10 leaving leave VBG 34823 1130 11 less less JJR 34823 1130 12 for for IN 34823 1130 13 consumption consumption NN 34823 1130 14 expenditures expenditure NNS 34823 1130 15 . . . 34823 1131 1 The the DT 34823 1131 2 laborer laborer NN 34823 1131 3 always always RB 34823 1131 4 reckons reckon VBZ 34823 1131 5 with with IN 34823 1131 6 the the DT 34823 1131 7 personal personal JJ 34823 1131 8 value value NN 34823 1131 9 of of IN 34823 1131 10 money money NN 34823 1131 11 , , , 34823 1131 12 but but CC 34823 1131 13 not not RB 34823 1131 14 the the DT 34823 1131 15 business business NN 34823 1131 16 man man NN 34823 1131 17 , , , 34823 1131 18 in in IN 34823 1131 19 his -PRON- PRP$ 34823 1131 20 business business NN 34823 1131 21 calculations calculation NNS 34823 1131 22 . . . 34823 1132 1 As as IN 34823 1132 2 in in IN 34823 1132 3 the the DT 34823 1132 4 case case NN 34823 1132 5 of of IN 34823 1132 6 goods good NNS 34823 1132 7 , , , 34823 1132 8 we -PRON- PRP 34823 1132 9 pass pass VBP 34823 1132 10 from from IN 34823 1132 11 personal personal JJ 34823 1132 12 to to IN 34823 1132 13 public public JJ 34823 1132 14 economic economic JJ 34823 1132 15 value value NN 34823 1132 16 ( ( -LRB- 34823 1132 17 II II NNP 34823 1132 18 , , , 34823 1132 19 509 509 CD 34823 1132 20 ) ) -RRB- 34823 1132 21 . . . 34823 1133 1 The the DT 34823 1133 2 personal personal JJ 34823 1133 3 value value NN 34823 1133 4 of of IN 34823 1133 5 money money NN 34823 1133 6 depends depend VBZ 34823 1133 7 on on IN 34823 1133 8 the the DT 34823 1133 9 relation relation NN 34823 1133 10 between between IN 34823 1133 11 an an DT 34823 1133 12 individual individual NN 34823 1133 13 's 's POS 34823 1133 14 money money NN 34823 1133 15 income income NN 34823 1133 16 , , , 34823 1133 17 and and CC 34823 1133 18 his -PRON- PRP$ 34823 1133 19 real real JJ 34823 1133 20 income income NN 34823 1133 21 , , , 34823 1133 22 in in IN 34823 1133 23 terms term NNS 34823 1133 24 of of IN 34823 1133 25 goods good NNS 34823 1133 26 . . . 34823 1134 1 The the DT 34823 1134 2 public public JJ 34823 1134 3 economic economic JJ 34823 1134 4 value value NN 34823 1134 5 of of IN 34823 1134 6 money money NN 34823 1134 7 depends depend VBZ 34823 1134 8 on on IN 34823 1134 9 the the DT 34823 1134 10 money money NN 34823 1134 11 income income NN 34823 1134 12 of of IN 34823 1134 13 the the DT 34823 1134 14 community community NN 34823 1134 15 as as IN 34823 1134 16 a a DT 34823 1134 17 whole whole NN 34823 1134 18 , , , 34823 1134 19 and and CC 34823 1134 20 its -PRON- PRP$ 34823 1134 21 real real JJ 34823 1134 22 income income NN 34823 1134 23 . . . 34823 1135 1 ( ( -LRB- 34823 1135 2 II II NNP 34823 1135 3 , , , 34823 1135 4 516 516 CD 34823 1135 5 - - SYM 34823 1135 6 18 18 CD 34823 1135 7 ) ) -RRB- 34823 1135 8 . . . 34823 1136 1 Money money NN 34823 1136 2 income income NN 34823 1136 3 grows grow VBZ 34823 1136 4 faster fast RBR 34823 1136 5 than than IN 34823 1136 6 real real JJ 34823 1136 7 income income NN 34823 1136 8 , , , 34823 1136 9 through through IN 34823 1136 10 the the DT 34823 1136 11 extension extension NN 34823 1136 12 of of IN 34823 1136 13 the the DT 34823 1136 14 money money NN 34823 1136 15 economy economy NN 34823 1136 16 . . . 34823 1137 1 Money money NN 34823 1137 2 income income NN 34823 1137 3 is be VBZ 34823 1137 4 not not RB 34823 1137 5 , , , 34823 1137 6 like like IN 34823 1137 7 real real JJ 34823 1137 8 income income NN 34823 1137 9 , , , 34823 1137 10 dependent dependent JJ 34823 1137 11 on on IN 34823 1137 12 quantity quantity NN 34823 1137 13 . . . 34823 1138 1 The the DT 34823 1138 2 mere mere JJ 34823 1138 3 extension extension NN 34823 1138 4 of of IN 34823 1138 5 the the DT 34823 1138 6 money money NN 34823 1138 7 economy economy NN 34823 1138 8 increases increase VBZ 34823 1138 9 the the DT 34823 1138 10 volume volume NN 34823 1138 11 of of IN 34823 1138 12 money money NN 34823 1138 13 income income NN 34823 1138 14 , , , 34823 1138 15 lowers lower VBZ 34823 1138 16 the the DT 34823 1138 17 personal personal JJ 34823 1138 18 value value NN 34823 1138 19 of of IN 34823 1138 20 money money NN 34823 1138 21 , , , 34823 1138 22 lowers lower VBZ 34823 1138 23 its -PRON- PRP$ 34823 1138 24 public public JJ 34823 1138 25 economic economic JJ 34823 1138 26 value value NN 34823 1138 27 , , , 34823 1138 28 and and CC 34823 1138 29 raises raise VBZ 34823 1138 30 prices price NNS 34823 1138 31 . . . 34823 1139 1 Witness witness VB 34823 1139 2 the the DT 34823 1139 3 effect effect NN 34823 1139 4 on on IN 34823 1139 5 a a DT 34823 1139 6 rural rural JJ 34823 1139 7 community community NN 34823 1139 8 of of IN 34823 1139 9 bringing bring VBG 34823 1139 10 it -PRON- PRP 34823 1139 11 into into IN 34823 1139 12 the the DT 34823 1139 13 great great JJ 34823 1139 14 market market NN 34823 1139 15 , , , 34823 1139 16 where where WRB 34823 1139 17 all all DT 34823 1139 18 costs cost NNS 34823 1139 19 are be VBP 34823 1139 20 reckoned reckon VBN 34823 1139 21 in in IN 34823 1139 22 money money NN 34823 1139 23 and and CC 34823 1139 24 rising rise VBG 34823 1139 25 costs cost NNS 34823 1139 26 compel compel NN 34823 1139 27 rising rise VBG 34823 1139 28 prices price NNS 34823 1139 29 . . . 34823 1140 1 Hence hence RB 34823 1140 2 , , , 34823 1140 3 there there EX 34823 1140 4 is be VBZ 34823 1140 5 a a DT 34823 1140 6 tendency tendency NN 34823 1140 7 for for IN 34823 1140 8 the the DT 34823 1140 9 public public JJ 34823 1140 10 economic economic JJ 34823 1140 11 value value NN 34823 1140 12 of of IN 34823 1140 13 money money NN 34823 1140 14 to to TO 34823 1140 15 sink sink VB 34823 1140 16 , , , 34823 1140 17 and and CC 34823 1140 18 this this DT 34823 1140 19 has have VBZ 34823 1140 20 been be VBN 34823 1140 21 the the DT 34823 1140 22 historical historical JJ 34823 1140 23 fact fact NN 34823 1140 24 ( ( -LRB- 34823 1140 25 I -PRON- PRP 34823 1140 26 , , , 34823 1140 27 II II NNP 34823 1140 28 , , , 34823 1140 29 519 519 CD 34823 1140 30 - - SYM 34823 1140 31 520 520 CD 34823 1140 32 . . . 34823 1140 33 ) ) -RRB- 34823 1141 1 Criticism criticism NN 34823 1141 2 of of IN 34823 1141 3 this this DT 34823 1141 4 theory theory NN 34823 1141 5 is be VBZ 34823 1141 6 almost almost RB 34823 1141 7 superfluous superfluous JJ 34823 1141 8 . . . 34823 1142 1 There there EX 34823 1142 2 are be VBP 34823 1142 3 elements element NNS 34823 1142 4 in in IN 34823 1142 5 Wieser Wieser NNP 34823 1142 6 's 's POS 34823 1142 7 discussion discussion NN 34823 1142 8 , , , 34823 1142 9 not not RB 34823 1142 10 here here RB 34823 1142 11 presented present VBN 34823 1142 12 , , , 34823 1142 13 which which WDT 34823 1142 14 have have VBP 34823 1142 15 very very RB 34823 1142 16 considerable considerable JJ 34823 1142 17 importance importance NN 34823 1142 18 , , , 34823 1142 19 and and CC 34823 1142 20 which which WDT 34823 1142 21 will will MD 34823 1142 22 be be VB 34823 1142 23 presented present VBN 34823 1142 24 in in IN 34823 1142 25 a a DT 34823 1142 26 later later JJ 34823 1142 27 chapter chapter NN 34823 1142 28 when when WRB 34823 1142 29 the the DT 34823 1142 30 criticism criticism NN 34823 1142 31 of of IN 34823 1142 32 the the DT 34823 1142 33 quantity quantity NN 34823 1142 34 theory theory NN 34823 1142 35 is be VBZ 34823 1142 36 taken take VBN 34823 1142 37 up up RP 34823 1142 38 . . . 34823 1143 1 Wieser Wieser NNP 34823 1143 2 deals deal NNS 34823 1143 3 some some DT 34823 1143 4 heavy heavy JJ 34823 1143 5 blows blow NNS 34823 1143 6 to to IN 34823 1143 7 the the DT 34823 1143 8 quantity quantity NN 34823 1143 9 theory theory NN 34823 1143 10 . . . 34823 1144 1 But but CC 34823 1144 2 his -PRON- PRP$ 34823 1144 3 constructive constructive JJ 34823 1144 4 doctrine doctrine NN 34823 1144 5 presents present VBZ 34823 1144 6 the the DT 34823 1144 7 clearest clear JJS 34823 1144 8 possible possible JJ 34823 1144 9 case case NN 34823 1144 10 of of IN 34823 1144 11 the the DT 34823 1144 12 Austrian austrian JJ 34823 1144 13 circle circle NN 34823 1144 14 . . . 34823 1145 1 The the DT 34823 1145 2 value value NN 34823 1145 3 of of IN 34823 1145 4 money money NN 34823 1145 5 depends depend VBZ 34823 1145 6 , , , 34823 1145 7 not not RB 34823 1145 8 on on IN 34823 1145 9 its -PRON- PRP$ 34823 1145 10 subjective subjective JJ 34823 1145 11 use use NN 34823 1145 12 - - HYPH 34823 1145 13 value value NN 34823 1145 14 , , , 34823 1145 15 its -PRON- PRP$ 34823 1145 16 own own JJ 34823 1145 17 marginal marginal JJ 34823 1145 18 utility utility NN 34823 1145 19 -- -- : 34823 1145 20 it -PRON- PRP 34823 1145 21 has have VBZ 34823 1145 22 none none NN 34823 1145 23 . . . 34823 1146 1 The the DT 34823 1146 2 value value NN 34823 1146 3 of of IN 34823 1146 4 money money NN 34823 1146 5 depends depend VBZ 34823 1146 6 on on IN 34823 1146 7 its -PRON- PRP$ 34823 1146 8 subjective subjective JJ 34823 1146 9 value value NN 34823 1146 10 in in IN 34823 1146 11 exchange exchange NN 34823 1146 12 , , , 34823 1146 13 the the DT 34823 1146 14 marginal marginal JJ 34823 1146 15 utility utility NN 34823 1146 16 of of IN 34823 1146 17 the the DT 34823 1146 18 goods good NNS 34823 1146 19 which which WDT 34823 1146 20 are be VBP 34823 1146 21 exchanged exchange VBN 34823 1146 22 for for IN 34823 1146 23 it -PRON- PRP 34823 1146 24 . . . 34823 1147 1 But but CC 34823 1147 2 these these DT 34823 1147 3 depend depend VBP 34823 1147 4 on on IN 34823 1147 5 prices price NNS 34823 1147 6 . . . 34823 1148 1 And and CC 34823 1148 2 prices price NNS 34823 1148 3 depend depend VBP 34823 1148 4 , , , 34823 1148 5 in in IN 34823 1148 6 part part NN 34823 1148 7 , , , 34823 1148 8 on on IN 34823 1148 9 the the DT 34823 1148 10 value value NN 34823 1148 11 of of IN 34823 1148 12 money money NN 34823 1148 13 itself -PRON- PRP 34823 1148 14 ! ! . 34823 1149 1 This this DT 34823 1149 2 circle circle NN 34823 1149 3 , , , 34823 1149 4 present present JJ 34823 1149 5 in in IN 34823 1149 6 every every DT 34823 1149 7 form form NN 34823 1149 8 of of IN 34823 1149 9 the the DT 34823 1149 10 Austrian austrian JJ 34823 1149 11 theory theory NN 34823 1149 12 which which WDT 34823 1149 13 seeks seek VBZ 34823 1149 14 a a DT 34823 1149 15 causal causal JJ 34823 1149 16 explanation explanation NN 34823 1149 17 of of IN 34823 1149 18 value value NN 34823 1149 19 and and CC 34823 1149 20 prices price NNS 34823 1149 21 by by IN 34823 1149 22 means mean NNS 34823 1149 23 of of IN 34823 1149 24 marginal marginal JJ 34823 1149 25 utility,[73 utility,[73 CD 34823 1149 26 ] ] -RRB- 34823 1149 27 though though IN 34823 1149 28 often often RB 34823 1149 29 less less RBR 34823 1149 30 obviously obviously RB 34823 1149 31 present present JJ 34823 1149 32 , , , 34823 1149 33 is be VBZ 34823 1149 34 here here RB 34823 1149 35 quite quite RB 34823 1149 36 glaring glaring JJ 34823 1149 37 . . . 34823 1150 1 The the DT 34823 1150 2 distinction distinction NN 34823 1150 3 between between IN 34823 1150 4 volume volume NN 34823 1150 5 of of IN 34823 1150 6 money money NN 34823 1150 7 income income NN 34823 1150 8 and and CC 34823 1150 9 quantity quantity NN 34823 1150 10 of of IN 34823 1150 11 money money NN 34823 1150 12 is be VBZ 34823 1150 13 , , , 34823 1150 14 on on IN 34823 1150 15 the the DT 34823 1150 16 other other JJ 34823 1150 17 hand hand NN 34823 1150 18 , , , 34823 1150 19 an an DT 34823 1150 20 important important JJ 34823 1150 21 one one NN 34823 1150 22 , , , 34823 1150 23 and and CC 34823 1150 24 will will MD 34823 1150 25 be be VB 34823 1150 26 emphasized emphasize VBN 34823 1150 27 when when WRB 34823 1150 28 the the DT 34823 1150 29 quantity quantity NN 34823 1150 30 theory theory NN 34823 1150 31 is be VBZ 34823 1150 32 taken take VBN 34823 1150 33 up up RP 34823 1150 34 . . . 34823 1151 1 [ [ -LRB- 34823 1151 2 74 74 CD 34823 1151 3 ] ] -RRB- 34823 1151 4 One one CD 34823 1151 5 further further JJ 34823 1151 6 point point NN 34823 1151 7 in in IN 34823 1151 8 Wieser Wieser NNP 34823 1151 9 's 's POS 34823 1151 10 doctrine doctrine NN 34823 1151 11 calls call VBZ 34823 1151 12 for for IN 34823 1151 13 comment comment NN 34823 1151 14 . . . 34823 1152 1 It -PRON- PRP 34823 1152 2 is be VBZ 34823 1152 3 strange strange JJ 34823 1152 4 indeed indeed RB 34823 1152 5 to to TO 34823 1152 6 find find VB 34823 1152 7 an an DT 34823 1152 8 Austrian Austrian NNP 34823 1152 9 seeing see VBG 34823 1152 10 in in IN 34823 1152 11 a a DT 34823 1152 12 rise rise NN 34823 1152 13 in in IN 34823 1152 14 money money NN 34823 1152 15 costs cost VBZ 34823 1152 16 a a DT 34823 1152 17 _ _ NNP 34823 1152 18 cause cause IN 34823 1152 19 _ _ NNP 34823 1152 20 of of IN 34823 1152 21 a a DT 34823 1152 22 general general JJ 34823 1152 23 rise rise NN 34823 1152 24 in in IN 34823 1152 25 prices price NNS 34823 1152 26 . . . 34823 1153 1 The the DT 34823 1153 2 Austrian austrian JJ 34823 1153 3 doctrine doctrine NN 34823 1153 4 is be VBZ 34823 1153 5 rather rather RB 34823 1153 6 that that IN 34823 1153 7 rising rise VBG 34823 1153 8 money money NN 34823 1153 9 costs cost NNS 34823 1153 10 are be VBP 34823 1153 11 _ _ NNP 34823 1153 12 reflections reflection NNS 34823 1153 13 _ _ NNP 34823 1153 14 of of IN 34823 1153 15 rising rise VBG 34823 1153 16 general general JJ 34823 1153 17 prices price NNS 34823 1153 18 . . . 34823 1154 1 Wieser Wieser NNP 34823 1154 2 's 's POS 34823 1154 3 doctrine doctrine NN 34823 1154 4 that that IN 34823 1154 5 the the DT 34823 1154 6 extension extension NN 34823 1154 7 of of IN 34823 1154 8 the the DT 34823 1154 9 money money NN 34823 1154 10 economy economy NN 34823 1154 11 to to IN 34823 1154 12 rural rural JJ 34823 1154 13 regions region NNS 34823 1154 14 , , , 34823 1154 15 compelling compel VBG 34823 1154 16 the the DT 34823 1154 17 farmer farmer NN 34823 1154 18 to to TO 34823 1154 19 reckon reckon VB 34823 1154 20 all all PDT 34823 1154 21 his -PRON- PRP$ 34823 1154 22 costs cost NNS 34823 1154 23 in in IN 34823 1154 24 money money NN 34823 1154 25 and and CC 34823 1154 26 so so RB 34823 1154 27 to to TO 34823 1154 28 raise raise VB 34823 1154 29 his -PRON- PRP$ 34823 1154 30 prices price NNS 34823 1154 31 , , , 34823 1154 32 has have VBZ 34823 1154 33 been be VBN 34823 1154 34 adequately adequately RB 34823 1154 35 criticised criticise VBN 34823 1154 36 by by IN 34823 1154 37 von von NNP 34823 1154 38 Mises Mises NNP 34823 1154 39 , , , 34823 1154 40 who who WP 34823 1154 41 points point VBZ 34823 1154 42 out out RP 34823 1154 43 that that IN 34823 1154 44 Wieser Wieser NNP 34823 1154 45 sees see VBZ 34823 1154 46 only only RB 34823 1154 47 half half PDT 34823 1154 48 the the DT 34823 1154 49 phenomenon phenomenon NN 34823 1154 50 ; ; : 34823 1154 51 that that IN 34823 1154 52 eggs egg NNS 34823 1154 53 and and CC 34823 1154 54 butter butter NN 34823 1154 55 are be VBP 34823 1154 56 , , , 34823 1154 57 indeed indeed RB 34823 1154 58 , , , 34823 1154 59 higher high JJR 34823 1154 60 in in IN 34823 1154 61 price price NN 34823 1154 62 in in IN 34823 1154 63 the the DT 34823 1154 64 rural rural JJ 34823 1154 65 region region NN 34823 1154 66 when when WRB 34823 1154 67 it -PRON- PRP 34823 1154 68 comes come VBZ 34823 1154 69 into into IN 34823 1154 70 contact contact NN 34823 1154 71 with with IN 34823 1154 72 the the DT 34823 1154 73 city city NN 34823 1154 74 , , , 34823 1154 75 but but CC 34823 1154 76 that that IN 34823 1154 77 they -PRON- PRP 34823 1154 78 are be VBP 34823 1154 79 correspondingly correspondingly RB 34823 1154 80 lower low JJR 34823 1154 81 in in IN 34823 1154 82 the the DT 34823 1154 83 city city NN 34823 1154 84 from from IN 34823 1154 85 the the DT 34823 1154 86 same same JJ 34823 1154 87 cause cause NN 34823 1154 88 . . . 34823 1155 1 On on IN 34823 1155 2 the the DT 34823 1155 3 other other JJ 34823 1155 4 hand hand NN 34823 1155 5 , , , 34823 1155 6 the the DT 34823 1155 7 doctrine doctrine NN 34823 1155 8 of of IN 34823 1155 9 costs cost NNS 34823 1155 10 is be VBZ 34823 1155 11 not not RB 34823 1155 12 the the DT 34823 1155 13 whole whole JJ 34823 1155 14 point point NN 34823 1155 15 in in IN 34823 1155 16 Wieser Wieser NNP 34823 1155 17 's 's POS 34823 1155 18 notion notion NN 34823 1155 19 of of IN 34823 1155 20 the the DT 34823 1155 21 extension extension NN 34823 1155 22 of of IN 34823 1155 23 the the DT 34823 1155 24 money money NN 34823 1155 25 economy economy NN 34823 1155 26 as as IN 34823 1155 27 a a DT 34823 1155 28 cause cause NN 34823 1155 29 of of IN 34823 1155 30 higher high JJR 34823 1155 31 prices price NNS 34823 1155 32 , , , 34823 1155 33 and and CC 34823 1155 34 we -PRON- PRP 34823 1155 35 shall shall MD 34823 1155 36 deal deal VB 34823 1155 37 with with IN 34823 1155 38 the the DT 34823 1155 39 doctrine doctrine NN 34823 1155 40 again again RB 34823 1155 41 , , , 34823 1155 42 in in IN 34823 1155 43 a a DT 34823 1155 44 different different JJ 34823 1155 45 connection connection NN 34823 1155 46 . . . 34823 1156 1 By by IN 34823 1156 2 devitalizing devitalize VBG 34823 1156 3 the the DT 34823 1156 4 marginal marginal JJ 34823 1156 5 utility utility NN 34823 1156 6 theory theory NN 34823 1156 7 , , , 34823 1156 8 by by IN 34823 1156 9 stating state VBG 34823 1156 10 it -PRON- PRP 34823 1156 11 in in IN 34823 1156 12 such such PDT 34823 1156 13 a a DT 34823 1156 14 way way NN 34823 1156 15 that that WDT 34823 1156 16 it -PRON- PRP 34823 1156 17 makes make VBZ 34823 1156 18 no no DT 34823 1156 19 causal causal JJ 34823 1156 20 assertions assertion NNS 34823 1156 21 , , , 34823 1156 22 and and CC 34823 1156 23 in in IN 34823 1156 24 such such PDT 34823 1156 25 a a DT 34823 1156 26 way way NN 34823 1156 27 that that WDT 34823 1156 28 it -PRON- PRP 34823 1156 29 leaves leave VBZ 34823 1156 30 the the DT 34823 1156 31 real real JJ 34823 1156 32 value value NN 34823 1156 33 problem problem NN 34823 1156 34 untouched untouched JJ 34823 1156 35 , , , 34823 1156 36 it -PRON- PRP 34823 1156 37 is be VBZ 34823 1156 38 possible possible JJ 34823 1156 39 to to TO 34823 1156 40 free free VB 34823 1156 41 it -PRON- PRP 34823 1156 42 from from IN 34823 1156 43 the the DT 34823 1156 44 circle circle NN 34823 1156 45 just just RB 34823 1156 46 pointed point VBD 34823 1156 47 out out RP 34823 1156 48 . . . 34823 1157 1 Schumpeter schumpeter NN 34823 1157 2 does do VBZ 34823 1157 3 so so RB 34823 1157 4 state state VB 34823 1157 5 it -PRON- PRP 34823 1157 6 . . . 34823 1158 1 Schumpeter Schumpeter NNP 34823 1158 2 's 's POS 34823 1158 3 theory theory NN 34823 1158 4 of of IN 34823 1158 5 value,[75 value,[75 NNP 34823 1158 6 ] ] -RRB- 34823 1158 7 though though IN 34823 1158 8 he -PRON- PRP 34823 1158 9 attributes attribute VBZ 34823 1158 10 it -PRON- PRP 34823 1158 11 to to IN 34823 1158 12 Böhm Böhm NNP 34823 1158 13 - - HYPH 34823 1158 14 Bawerk Bawerk NNP 34823 1158 15 , , , 34823 1158 16 seems seem VBZ 34823 1158 17 to to IN 34823 1158 18 the the DT 34823 1158 19 present present JJ 34823 1158 20 writer writer NN 34823 1158 21 to to TO 34823 1158 22 be be VB 34823 1158 23 essentially essentially RB 34823 1158 24 different different JJ 34823 1158 25 . . . 34823 1159 1 Böhm Böhm NNP 34823 1159 2 - - HYPH 34823 1159 3 Bawerk Bawerk NNP 34823 1159 4 undertakes undertake VBZ 34823 1159 5 to to TO 34823 1159 6 explain explain VB 34823 1159 7 the the DT 34823 1159 8 value value NN 34823 1159 9 ( ( -LRB- 34823 1159 10 objective objective JJ 34823 1159 11 value value NN 34823 1159 12 in in IN 34823 1159 13 exchange exchange NN 34823 1159 14 ) ) -RRB- 34823 1159 15 of of IN 34823 1159 16 each each DT 34823 1159 17 good good JJ 34823 1159 18 by by IN 34823 1159 19 its -PRON- PRP$ 34823 1159 20 _ _ NNP 34823 1159 21 own own JJ 34823 1159 22 _ _ NNP 34823 1159 23 marginal marginal JJ 34823 1159 24 utility utility NN 34823 1159 25 to to IN 34823 1159 26 different different JJ 34823 1159 27 individuals individual NNS 34823 1159 28 , , , 34823 1159 29 buyers buyer NNS 34823 1159 30 and and CC 34823 1159 31 sellers seller NNS 34823 1159 32 of of IN 34823 1159 33 the the DT 34823 1159 34 good good JJ 34823 1159 35 -- -- : 34823 1159 36 indeed indeed RB 34823 1159 37 , , , 34823 1159 38 by by IN 34823 1159 39 its -PRON- PRP$ 34823 1159 40 marginal marginal JJ 34823 1159 41 utility utility NN 34823 1159 42 to to IN 34823 1159 43 _ _ NNP 34823 1159 44 four four CD 34823 1159 45 _ _ NNP 34823 1159 46 individuals individual NNS 34823 1159 47 , , , 34823 1159 48 the the DT 34823 1159 49 two two CD 34823 1159 50 " " `` 34823 1159 51 marginal marginal JJ 34823 1159 52 pairs pair NNS 34823 1159 53 . . . 34823 1160 1 " " `` 34823 1160 2 [ [ -LRB- 34823 1160 3 76 76 CD 34823 1160 4 ] ] -RRB- 34823 1160 5 He -PRON- PRP 34823 1160 6 sees see VBZ 34823 1160 7 at at IN 34823 1160 8 points point NNS 34823 1160 9 that that WDT 34823 1160 10 the the DT 34823 1160 11 prices price NNS 34823 1160 12 of of IN 34823 1160 13 other other JJ 34823 1160 14 goods good NNS 34823 1160 15 are be VBP 34823 1160 16 sometimes sometimes RB 34823 1160 17 factors factor NNS 34823 1160 18 , , , 34823 1160 19 making make VBG 34823 1160 20 marginal marginal JJ 34823 1160 21 utility utility NN 34823 1160 22 give give VBP 34823 1160 23 way way NN 34823 1160 24 to to IN 34823 1160 25 " " `` 34823 1160 26 subjective subjective JJ 34823 1160 27 value value NN 34823 1160 28 in in IN 34823 1160 29 exchange exchange NN 34823 1160 30 , , , 34823 1160 31 " " '' 34823 1160 32 as as IN 34823 1160 33 the the DT 34823 1160 34 determinant determinant NN 34823 1160 35 of of IN 34823 1160 36 an an DT 34823 1160 37 individual individual NN 34823 1160 38 's 's POS 34823 1160 39 behavior behavior NN 34823 1160 40 toward toward IN 34823 1160 41 a a DT 34823 1160 42 given give VBN 34823 1160 43 good good NN 34823 1160 44 in in IN 34823 1160 45 the the DT 34823 1160 46 market market NN 34823 1160 47 -- -- : 34823 1160 48 as as IN 34823 1160 49 in in IN 34823 1160 50 his -PRON- PRP$ 34823 1160 51 much much JJ 34823 1160 52 discussed discuss VBN 34823 1160 53 overcoat overcoat NN 34823 1160 54 illustration illustration NN 34823 1160 55 . . . 34823 1161 1 [ [ -LRB- 34823 1161 2 77 77 CD 34823 1161 3 ] ] -RRB- 34823 1161 4 But but CC 34823 1161 5 Böhm Böhm NNP 34823 1161 6 - - HYPH 34823 1161 7 Bawerk Bawerk NNP 34823 1161 8 never never RB 34823 1161 9 gets get VBZ 34823 1161 10 out out IN 34823 1161 11 of of IN 34823 1161 12 the the DT 34823 1161 13 circle circle NN 34823 1161 14 which which WDT 34823 1161 15 this this DT 34823 1161 16 reaction reaction NN 34823 1161 17 of of IN 34823 1161 18 the the DT 34823 1161 19 market market NN 34823 1161 20 - - HYPH 34823 1161 21 prices price NNS 34823 1161 22 on on IN 34823 1161 23 the the DT 34823 1161 24 individual individual JJ 34823 1161 25 subjective subjective JJ 34823 1161 26 values value NNS 34823 1161 27 involves involve VBZ 34823 1161 28 . . . 34823 1162 1 Schumpeter schumpeter NN 34823 1162 2 seems seem VBZ 34823 1162 3 to to TO 34823 1162 4 rise rise VB 34823 1162 5 to to IN 34823 1162 6 a a DT 34823 1162 7 higher high JJR 34823 1162 8 conspectus conspectus NN 34823 1162 9 picture picture NN 34823 1162 10 , , , 34823 1162 11 which which WDT 34823 1162 12 , , , 34823 1162 13 in in IN 34823 1162 14 form form NN 34823 1162 15 , , , 34823 1162 16 avoids avoid VBZ 34823 1162 17 the the DT 34823 1162 18 circle circle NN 34823 1162 19 . . . 34823 1163 1 His -PRON- PRP$ 34823 1163 2 picture picture NN 34823 1163 3 is be VBZ 34823 1163 4 that that DT 34823 1163 5 of of IN 34823 1163 6 a a DT 34823 1163 7 vast vast JJ 34823 1163 8 equilibrium equilibrium NN 34823 1163 9 , , , 34823 1163 10 in in IN 34823 1163 11 which which WDT 34823 1163 12 , , , 34823 1163 13 instead instead RB 34823 1163 14 of of IN 34823 1163 15 attributing attribute VBG 34823 1163 16 the the DT 34823 1163 17 market market NN 34823 1163 18 value value NN 34823 1163 19 of of IN 34823 1163 20 each each DT 34823 1163 21 good good JJ 34823 1163 22 to to IN 34823 1163 23 its -PRON- PRP$ 34823 1163 24 own own JJ 34823 1163 25 marginal marginal JJ 34823 1163 26 utility utility NN 34823 1163 27 , , , 34823 1163 28 you -PRON- PRP 34823 1163 29 explain explain VBP 34823 1163 30 the the DT 34823 1163 31 exchange exchange NN 34823 1163 32 ratios[78 ratios[78 NN 34823 1163 33 ] ] -RRB- 34823 1163 34 of of IN 34823 1163 35 every every DT 34823 1163 36 good good NN 34823 1163 37 to to IN 34823 1163 38 every every DT 34823 1163 39 other other JJ 34823 1163 40 good good NN 34823 1163 41 , , , 34823 1163 42 all all RB 34823 1163 43 at at IN 34823 1163 44 once once RB 34823 1163 45 , , , 34823 1163 46 by by IN 34823 1163 47 reference reference NN 34823 1163 48 to to IN 34823 1163 49 a a DT 34823 1163 50 total total JJ 34823 1163 51 situation situation NN 34823 1163 52 : : : 34823 1163 53 _ _ NNP 34823 1163 54 given give VBN 34823 1163 55 _ _ NNP 34823 1163 56 the the DT 34823 1163 57 number number NN 34823 1163 58 of of IN 34823 1163 59 goods good NNS 34823 1163 60 of of IN 34823 1163 61 each each DT 34823 1163 62 class class NN 34823 1163 63 , , , 34823 1163 64 given give VBN 34823 1163 65 the the DT 34823 1163 66 number number NN 34823 1163 67 of of IN 34823 1163 68 individuals individual NNS 34823 1163 69 in in IN 34823 1163 70 the the DT 34823 1163 71 market market NN 34823 1163 72 , , , 34823 1163 73 given give VBN 34823 1163 74 the the DT 34823 1163 75 _ _ NNP 34823 1163 76 distribution distribution NN 34823 1163 77 _ _ NNP 34823 1163 78 of of IN 34823 1163 79 each each DT 34823 1163 80 class class NN 34823 1163 81 of of IN 34823 1163 82 goods good NNS 34823 1163 83 among among IN 34823 1163 84 the the DT 34823 1163 85 individuals individual NNS 34823 1163 86 , , , 34823 1163 87 given give VBN 34823 1163 88 the the DT 34823 1163 89 utility-_curves utility-_curve NNS 34823 1163 90 _ _ NNP 34823 1163 91 ( ( -LRB- 34823 1163 92 not not RB 34823 1163 93 marginal marginal JJ 34823 1163 94 utilities utility NNS 34823 1163 95 ) ) -RRB- 34823 1163 96 of of IN 34823 1163 97 each each DT 34823 1163 98 good good JJ 34823 1163 99 to to IN 34823 1163 100 each each DT 34823 1163 101 individual individual NN 34823 1163 102 , , , 34823 1163 103 an an DT 34823 1163 104 equilibrium equilibrium NN 34823 1163 105 will will MD 34823 1163 106 be be VB 34823 1163 107 reached reach VBN 34823 1163 108 , , , 34823 1163 109 through through IN 34823 1163 110 trading trading NN 34823 1163 111 , , , 34823 1163 112 in in IN 34823 1163 113 which which WDT 34823 1163 114 ratios ratio VBZ 34823 1163 115 between between IN 34823 1163 116 marginal marginal JJ 34823 1163 117 utilities utility NNS 34823 1163 118 of of IN 34823 1163 119 each each DT 34823 1163 120 kind kind NN 34823 1163 121 of of IN 34823 1163 122 good good JJ 34823 1163 123 to to IN 34823 1163 124 each each DT 34823 1163 125 individual individual NN 34823 1163 126 are be VBP 34823 1163 127 inversely inversely RB 34823 1163 128 proportional proportional JJ 34823 1163 129 to to IN 34823 1163 130 the the DT 34823 1163 131 abstract abstract JJ 34823 1163 132 ratios ratio NNS 34823 1163 133 ( ( -LRB- 34823 1163 134 ratios ratio NNS 34823 1163 135 of of IN 34823 1163 136 exchange exchange NN 34823 1163 137 ) ) -RRB- 34823 1163 138 between between IN 34823 1163 139 the the DT 34823 1163 140 same same JJ 34823 1163 141 goods good NNS 34823 1163 142 , , , 34823 1163 143 each each DT 34823 1163 144 measured measure VBN 34823 1163 145 in in IN 34823 1163 146 its -PRON- PRP$ 34823 1163 147 own own JJ 34823 1163 148 unit unit NN 34823 1163 149 . . . 34823 1164 1 The the DT 34823 1164 2 ratios ratio NNS 34823 1164 3 are be VBP 34823 1164 4 abstract abstract JJ 34823 1164 5 ratios ratio NNS 34823 1164 6 , , , 34823 1164 7 between between IN 34823 1164 8 pure pure JJ 34823 1164 9 numbers number NNS 34823 1164 10 , , , 34823 1164 11 so so RB 34823 1164 12 far far RB 34823 1164 13 as as IN 34823 1164 14 the the DT 34823 1164 15 market market NN 34823 1164 16 ratios ratio NNS 34823 1164 17 are be VBP 34823 1164 18 concerned concern VBN 34823 1164 19 ; ; : 34823 1164 20 the the DT 34823 1164 21 ratios ratio NNS 34823 1164 22 in in IN 34823 1164 23 the the DT 34823 1164 24 mind mind NN 34823 1164 25 of of IN 34823 1164 26 each each DT 34823 1164 27 individual individual NN 34823 1164 28 are be VBP 34823 1164 29 concrete concrete JJ 34823 1164 30 ratios ratio NNS 34823 1164 31 , , , 34823 1164 32 between between IN 34823 1164 33 marginal marginal JJ 34823 1164 34 utilities utility NNS 34823 1164 35 . . . 34823 1165 1 The the DT 34823 1165 2 scheme scheme NN 34823 1165 3 , , , 34823 1165 4 thus thus RB 34823 1165 5 stated state VBN 34823 1165 6 , , , 34823 1165 7 says say VBZ 34823 1165 8 nothing nothing NN 34823 1165 9 as as IN 34823 1165 10 to to IN 34823 1165 11 the the DT 34823 1165 12 _ _ NNP 34823 1165 13 causal causal NN 34823 1165 14 _ _ NNP 34823 1165 15 relation relation NN 34823 1165 16 between between IN 34823 1165 17 marginal marginal JJ 34823 1165 18 utility utility NN 34823 1165 19 and and CC 34823 1165 20 market market NN 34823 1165 21 ratios ratio NNS 34823 1165 22 ; ; : 34823 1165 23 it -PRON- PRP 34823 1165 24 merely merely RB 34823 1165 25 states state VBZ 34823 1165 26 certain certain JJ 34823 1165 27 _ _ NNP 34823 1165 28 mathematical mathematical JJ 34823 1165 29 _ _ NNP 34823 1165 30 relations relation NNS 34823 1165 31 between between IN 34823 1165 32 each each DT 34823 1165 33 individual individual JJ 34823 1165 34 system system NN 34823 1165 35 of of IN 34823 1165 36 marginal marginal JJ 34823 1165 37 utilities utility NNS 34823 1165 38 on on IN 34823 1165 39 the the DT 34823 1165 40 one one CD 34823 1165 41 hand hand NN 34823 1165 42 , , , 34823 1165 43 and and CC 34823 1165 44 the the DT 34823 1165 45 abstract abstract JJ 34823 1165 46 market market NN 34823 1165 47 ratios ratio VBZ 34823 1165 48 on on IN 34823 1165 49 the the DT 34823 1165 50 other other JJ 34823 1165 51 . . . 34823 1166 1 By by IN 34823 1166 2 avoiding avoid VBG 34823 1166 3 _ _ NNP 34823 1166 4 assertions assertion NNS 34823 1166 5 _ _ NNP 34823 1166 6 as as IN 34823 1166 7 to to IN 34823 1166 8 causation causation NN 34823 1166 9 , , , 34823 1166 10 it -PRON- PRP 34823 1166 11 avoids avoid VBZ 34823 1166 12 a a DT 34823 1166 13 causal causal JJ 34823 1166 14 circle circle NN 34823 1166 15 . . . 34823 1167 1 In in IN 34823 1167 2 such such PDT 34823 1167 3 a a DT 34823 1167 4 situation situation NN 34823 1167 5 , , , 34823 1167 6 marginal marginal JJ 34823 1167 7 utilities utility NNS 34823 1167 8 and and CC 34823 1167 9 market market NN 34823 1167 10 ratios ratio NNS 34823 1167 11 are be VBP 34823 1167 12 , , , 34823 1167 13 in in IN 34823 1167 14 reality reality NN 34823 1167 15 , , , 34823 1167 16 alike alike RB 34823 1167 17 resultants resultant NNS 34823 1167 18 , , , 34823 1167 19 _ _ NNP 34823 1167 20 effects effect NNS 34823 1167 21 _ _ NNP 34823 1167 22 , , , 34823 1167 23 of of IN 34823 1167 24 the the DT 34823 1167 25 given give VBN 34823 1167 26 quantities quantity NNS 34823 1167 27 of of IN 34823 1167 28 goods good NNS 34823 1167 29 , , , 34823 1167 30 distribution distribution NN 34823 1167 31 of of IN 34823 1167 32 goods good NNS 34823 1167 33 , , , 34823 1167 34 numbers number NNS 34823 1167 35 of of IN 34823 1167 36 buyers buyer NNS 34823 1167 37 and and CC 34823 1167 38 sellers seller NNS 34823 1167 39 , , , 34823 1167 40 and and CC 34823 1167 41 individual individual NN 34823 1167 42 utility-_curves_--not utility-_curves_--not NNP 34823 1167 43 _ _ NNP 34823 1167 44 marginal marginal JJ 34823 1167 45 _ _ NNP 34823 1167 46 utilities utility NNS 34823 1167 47 . . . 34823 1168 1 To to IN 34823 1168 2 this this DT 34823 1168 3 picture picture NN 34823 1168 4 , , , 34823 1168 5 one one PRP 34823 1168 6 may may MD 34823 1168 7 add add VB 34823 1168 8 -- -- : 34823 1168 9 what what WP 34823 1168 10 Schumpeter Schumpeter NNP 34823 1168 11 does do VBZ 34823 1168 12 not not RB 34823 1168 13 add add VB 34823 1168 14 -- -- : 34823 1168 15 the the DT 34823 1168 16 curves curve NNS 34823 1168 17 showing show VBG 34823 1168 18 time time NN 34823 1168 19 - - HYPH 34823 1168 20 preferences preference NNS 34823 1168 21 of of IN 34823 1168 22 each each DT 34823 1168 23 individual individual NN 34823 1168 24 for for IN 34823 1168 25 each each DT 34823 1168 26 sort sort NN 34823 1168 27 of of IN 34823 1168 28 good good JJ 34823 1168 29 , , , 34823 1168 30 and and CC 34823 1168 31 ( ( -LRB- 34823 1168 32 an an DT 34823 1168 33 element element NN 34823 1168 34 which which WDT 34823 1168 35 Schumpeter Schumpeter NNP 34823 1168 36 does do VBZ 34823 1168 37 include include VB 34823 1168 38 ) ) -RRB- 34823 1168 39 the the DT 34823 1168 40 curves curve NNS 34823 1168 41 of of IN 34823 1168 42 _ _ NNP 34823 1168 43 dis_-utility dis_-utility NNP 34823 1168 44 for for IN 34823 1168 45 the the DT 34823 1168 46 individuals individual NNS 34823 1168 47 who who WP 34823 1168 48 produce produce VBP 34823 1168 49 each each DT 34823 1168 50 kind kind NN 34823 1168 51 of of IN 34823 1168 52 good good JJ 34823 1168 53 . . . 34823 1169 1 The the DT 34823 1169 2 system system NN 34823 1169 3 , , , 34823 1169 4 it -PRON- PRP 34823 1169 5 may may MD 34823 1169 6 be be VB 34823 1169 7 noted note VBN 34823 1169 8 , , , 34823 1169 9 is be VBZ 34823 1169 10 as as RB 34823 1169 11 good good JJ 34823 1169 12 a a DT 34823 1169 13 proof proof NN 34823 1169 14 of of IN 34823 1169 15 _ _ NNP 34823 1169 16 real real JJ 34823 1169 17 cost cost NN 34823 1169 18 _ _ NNP 34823 1169 19 doctrine doctrine NN 34823 1169 20 as as IN 34823 1169 21 it -PRON- PRP 34823 1169 22 is be VBZ 34823 1169 23 of of IN 34823 1169 24 utility utility NN 34823 1169 25 doctrine doctrine NN 34823 1169 26 . . . 34823 1170 1 Such such PDT 34823 1170 2 a a DT 34823 1170 3 picture picture NN 34823 1170 4 , , , 34823 1170 5 I -PRON- PRP 34823 1170 6 submit submit VBP 34823 1170 7 , , , 34823 1170 8 avoids avoid VBZ 34823 1170 9 the the DT 34823 1170 10 circle circle NN 34823 1170 11 which which WDT 34823 1170 12 is be VBZ 34823 1170 13 presented present VBN 34823 1170 14 in in IN 34823 1170 15 all all DT 34823 1170 16 other other JJ 34823 1170 17 formulations formulation NNS 34823 1170 18 of of IN 34823 1170 19 the the DT 34823 1170 20 Austrian austrian JJ 34823 1170 21 theory theory NN 34823 1170 22 of of IN 34823 1170 23 value value NN 34823 1170 24 . . . 34823 1171 1 I -PRON- PRP 34823 1171 2 wish wish VBP 34823 1171 3 , , , 34823 1171 4 however however RB 34823 1171 5 , , , 34823 1171 6 to to TO 34823 1171 7 indicate indicate VB 34823 1171 8 its -PRON- PRP$ 34823 1171 9 limitations limitation NNS 34823 1171 10 as as IN 34823 1171 11 a a DT 34823 1171 12 theory theory NN 34823 1171 13 of of IN 34823 1171 14 value value NN 34823 1171 15 , , , 34823 1171 16 and and CC 34823 1171 17 the the DT 34823 1171 18 impossibility impossibility NN 34823 1171 19 of of IN 34823 1171 20 any any DT 34823 1171 21 application application NN 34823 1171 22 of of IN 34823 1171 23 it -PRON- PRP 34823 1171 24 to to IN 34823 1171 25 the the DT 34823 1171 26 problem problem NN 34823 1171 27 of of IN 34823 1171 28 the the DT 34823 1171 29 value value NN 34823 1171 30 of of IN 34823 1171 31 money money NN 34823 1171 32 . . . 34823 1172 1 ( ( -LRB- 34823 1172 2 1 1 LS 34823 1172 3 ) ) -RRB- 34823 1172 4 Its -PRON- PRP$ 34823 1172 5 data datum NNS 34823 1172 6 are be VBP 34823 1172 7 inaccessible inaccessible JJ 34823 1172 8 : : : 34823 1172 9 nobody nobody NN 34823 1172 10 could could MD 34823 1172 11 possibly possibly RB 34823 1172 12 know know VB 34823 1172 13 all all PDT 34823 1172 14 the the DT 34823 1172 15 utility utility NN 34823 1172 16 - - HYPH 34823 1172 17 curves curve NNS 34823 1172 18 and and CC 34823 1172 19 all all PDT 34823 1172 20 the the DT 34823 1172 21 time time NN 34823 1172 22 - - HYPH 34823 1172 23 preference preference NN 34823 1172 24 curves curve NNS 34823 1172 25 ( ( -LRB- 34823 1172 26 and and CC 34823 1172 27 disutility disutility NN 34823 1172 28 of of IN 34823 1172 29 labor labor NN 34823 1172 30 - - HYPH 34823 1172 31 curves curve NNS 34823 1172 32 , , , 34823 1172 33 etc etc FW 34823 1172 34 . . . 34823 1172 35 ) ) -RRB- 34823 1173 1 of of IN 34823 1173 2 all all DT 34823 1173 3 goods good NNS 34823 1173 4 to to IN 34823 1173 5 all all DT 34823 1173 6 individuals individual NNS 34823 1173 7 in in RB 34823 1173 8 , , , 34823 1173 9 say say UH 34823 1173 10 , , , 34823 1173 11 the the DT 34823 1173 12 United United NNP 34823 1173 13 States States NNP 34823 1173 14 . . . 34823 1174 1 To to TO 34823 1174 2 explain explain VB 34823 1174 3 market market NN 34823 1174 4 ratios ratio NNS 34823 1174 5 by by IN 34823 1174 6 utility utility NN 34823 1174 7 - - HYPH 34823 1174 8 curves curve NNS 34823 1174 9 is be VBZ 34823 1174 10 a a DT 34823 1174 11 case case NN 34823 1174 12 of of IN 34823 1174 13 _ _ NNP 34823 1174 14 ignotum ignotum NN 34823 1174 15 per per IN 34823 1174 16 ignotius ignotius NNP 34823 1174 17 _ _ NNP 34823 1174 18 , , , 34823 1174 19 so so RB 34823 1174 20 far far RB 34823 1174 21 as as IN 34823 1174 22 practical practical JJ 34823 1174 23 application application NN 34823 1174 24 is be VBZ 34823 1174 25 concerned concern VBN 34823 1174 26 . . . 34823 1175 1 Moreover moreover RB 34823 1175 2 , , , 34823 1175 3 the the DT 34823 1175 4 scheme scheme NN 34823 1175 5 is be VBZ 34823 1175 6 so so RB 34823 1175 7 difficult difficult JJ 34823 1175 8 to to TO 34823 1175 9 visualize visualize VB 34823 1175 10 that that IN 34823 1175 11 it -PRON- PRP 34823 1175 12 is be VBZ 34823 1175 13 useless useless JJ 34823 1175 14 as as IN 34823 1175 15 a a DT 34823 1175 16 tool tool NN 34823 1175 17 of of IN 34823 1175 18 thought thought NN 34823 1175 19 -- -- : 34823 1175 20 as as IN 34823 1175 21 one one CD 34823 1175 22 will will MD 34823 1175 23 find find VB 34823 1175 24 who who WP 34823 1175 25 tries try VBZ 34823 1175 26 to to TO 34823 1175 27 think think VB 34823 1175 28 it -PRON- PRP 34823 1175 29 through through RP 34823 1175 30 , , , 34823 1175 31 without without IN 34823 1175 32 the the DT 34823 1175 33 aid aid NN 34823 1175 34 of of IN 34823 1175 35 higher high JJR 34823 1175 36 mathematics mathematic NNS 34823 1175 37 , , , 34823 1175 38 for for IN 34823 1175 39 ten ten CD 34823 1175 40 goods good NNS 34823 1175 41 , , , 34823 1175 42 and and CC 34823 1175 43 ten ten CD 34823 1175 44 persons person NNS 34823 1175 45 , , , 34823 1175 46 with with IN 34823 1175 47 unequal unequal JJ 34823 1175 48 distribution distribution NN 34823 1175 49 of of IN 34823 1175 50 wealth wealth NN 34823 1175 51 , , , 34823 1175 52 and and CC 34823 1175 53 different different JJ 34823 1175 54 utility utility NN 34823 1175 55 curves curve NNS 34823 1175 56 , , , 34823 1175 57 time time NN 34823 1175 58 - - HYPH 34823 1175 59 preference preference NN 34823 1175 60 curves curve NNS 34823 1175 61 , , , 34823 1175 62 and and CC 34823 1175 63 disutility disutility NN 34823 1175 64 - - HYPH 34823 1175 65 curves curve NNS 34823 1175 66 for for IN 34823 1175 67 each each DT 34823 1175 68 kind kind NN 34823 1175 69 of of IN 34823 1175 70 good good JJ 34823 1175 71 to to IN 34823 1175 72 each each DT 34823 1175 73 individual individual NN 34823 1175 74 . . . 34823 1176 1 ( ( -LRB- 34823 1176 2 2 2 LS 34823 1176 3 ) ) -RRB- 34823 1176 4 The the DT 34823 1176 5 scheme scheme NN 34823 1176 6 must must MD 34823 1176 7 assume assume VB 34823 1176 8 smooth smooth JJ 34823 1176 9 curves curve NNS 34823 1176 10 and and CC 34823 1176 11 infinitesimal infinitesimal JJ 34823 1176 12 increments increment NNS 34823 1176 13 in in IN 34823 1176 14 consumption consumption NN 34823 1176 15 , , , 34823 1176 16 which which WDT 34823 1176 17 is be VBZ 34823 1176 18 a a DT 34823 1176 19 fiction fiction NN 34823 1176 20 so so RB 34823 1176 21 far far RB 34823 1176 22 as as IN 34823 1176 23 the the DT 34823 1176 24 individual individual JJ 34823 1176 25 psychology psychology NN 34823 1176 26 is be VBZ 34823 1176 27 concerned concern VBN 34823 1176 28 . . . 34823 1177 1 Without without IN 34823 1177 2 this this DT 34823 1177 3 assumption assumption NN 34823 1177 4 , , , 34823 1177 5 the the DT 34823 1177 6 point point NN 34823 1177 7 - - HYPH 34823 1177 8 for for IN 34823 1177 9 - - HYPH 34823 1177 10 point point NN 34823 1177 11 correspondence correspondence NN 34823 1177 12 between between IN 34823 1177 13 individual individual NN 34823 1177 14 and and CC 34823 1177 15 market market NN 34823 1177 16 ratios ratio NNS 34823 1177 17 does do VBZ 34823 1177 18 not not RB 34823 1177 19 exist exist VB 34823 1177 20 . . . 34823 1178 1 It -PRON- PRP 34823 1178 2 is be VBZ 34823 1178 3 only only RB 34823 1178 4 in in IN 34823 1178 5 social social JJ 34823 1178 6 - - HYPH 34823 1178 7 value value NN 34823 1178 8 curves curve NNS 34823 1178 9 , , , 34823 1178 10 or or CC 34823 1178 11 in in IN 34823 1178 12 demand demand NN 34823 1178 13 - - HYPH 34823 1178 14 curves curve NNS 34823 1178 15 in in IN 34823 1178 16 the the DT 34823 1178 17 big big JJ 34823 1178 18 market market NN 34823 1178 19 ( ( -LRB- 34823 1178 20 which which WDT 34823 1178 21 are be VBP 34823 1178 22 social social JJ 34823 1178 23 - - HYPH 34823 1178 24 value value NN 34823 1178 25 curves curve NNS 34823 1178 26 , , , 34823 1178 27 expressed express VBN 34823 1178 28 in in IN 34823 1178 29 money),[79 money),[79 NNP 34823 1178 30 ] ] -RRB- 34823 1178 31 that that IN 34823 1178 32 you -PRON- PRP 34823 1178 33 have have VBP 34823 1178 34 , , , 34823 1178 35 as as IN 34823 1178 36 a a DT 34823 1178 37 matter matter NN 34823 1178 38 of of IN 34823 1178 39 fact fact NN 34823 1178 40 , , , 34823 1178 41 the the DT 34823 1178 42 right right NN 34823 1178 43 to to TO 34823 1178 44 smooth smooth VB 34823 1178 45 out out RP 34823 1178 46 your -PRON- PRP$ 34823 1178 47 curves curve NNS 34823 1178 48 . . . 34823 1179 1 ( ( -LRB- 34823 1179 2 3 3 LS 34823 1179 3 ) ) -RRB- 34823 1179 4 The the DT 34823 1179 5 theory theory NN 34823 1179 6 must must MD 34823 1179 7 assume assume VB 34823 1179 8 the the DT 34823 1179 9 frictionless frictionless NNP 34823 1179 10 static static JJ 34823 1179 11 state state NN 34823 1179 12 , , , 34823 1179 13 in in IN 34823 1179 14 which which WDT 34823 1179 15 marginal marginal JJ 34823 1179 16 adjustments adjustment NNS 34823 1179 17 are be VBP 34823 1179 18 perfectly perfectly RB 34823 1179 19 accomplished accomplish VBN 34823 1179 20 , , , 34823 1179 21 and and CC 34823 1179 22 equilibrium equilibrium NN 34823 1179 23 really really RB 34823 1179 24 reached reach VBD 34823 1179 25 . . . 34823 1180 1 Without without IN 34823 1180 2 this this DT 34823 1180 3 assumption assumption NN 34823 1180 4 , , , 34823 1180 5 again again RB 34823 1180 6 the the DT 34823 1180 7 point point NN 34823 1180 8 - - HYPH 34823 1180 9 for for IN 34823 1180 10 - - HYPH 34823 1180 11 point point NN 34823 1180 12 inverse inverse NN 34823 1180 13 correspondence correspondence NN 34823 1180 14 of of IN 34823 1180 15 market market NN 34823 1180 16 ratios ratio NNS 34823 1180 17 and and CC 34823 1180 18 individual individual JJ 34823 1180 19 ratios ratio NNS 34823 1180 20 fails fail VBZ 34823 1180 21 . . . 34823 1181 1 But but CC 34823 1181 2 this this DT 34823 1181 3 makes make VBZ 34823 1181 4 it -PRON- PRP 34823 1181 5 quite quite RB 34823 1181 6 impossible impossible JJ 34823 1181 7 to to TO 34823 1181 8 apply apply VB 34823 1181 9 the the DT 34823 1181 10 doctrine doctrine NN 34823 1181 11 to to IN 34823 1181 12 any any DT 34823 1181 13 functional functional JJ 34823 1181 14 theory theory NN 34823 1181 15 of of IN 34823 1181 16 the the DT 34823 1181 17 value value NN 34823 1181 18 of of IN 34823 1181 19 money money NN 34823 1181 20 , , , 34823 1181 21 or or CC 34823 1181 22 to to TO 34823 1181 23 bring bring VB 34823 1181 24 money money NN 34823 1181 25 in in IN 34823 1181 26 any any DT 34823 1181 27 realistic realistic JJ 34823 1181 28 way way NN 34823 1181 29 into into IN 34823 1181 30 the the DT 34823 1181 31 scheme scheme NN 34823 1181 32 . . . 34823 1182 1 As as IN 34823 1182 2 will will MD 34823 1182 3 be be VB 34823 1182 4 shown show VBN 34823 1182 5 more more RBR 34823 1182 6 fully fully RB 34823 1182 7 in in IN 34823 1182 8 later late JJR 34823 1182 9 chapters chapter NNS 34823 1182 10 , , , 34823 1182 11 money money NN 34823 1182 12 functions function NNS 34823 1182 13 in in IN 34823 1182 14 bringing bring VBG 34823 1182 15 about about RP 34823 1182 16 just just RB 34823 1182 17 the the DT 34823 1182 18 absence absence NN 34823 1182 19 of of IN 34823 1182 20 friction friction NN 34823 1182 21 which which WDT 34823 1182 22 static static JJ 34823 1182 23 theory theory NN 34823 1182 24 assumes assume VBZ 34823 1182 25 . . . 34823 1183 1 That that DT 34823 1183 2 is be VBZ 34823 1183 3 what what WDT 34823 1183 4 money money NN 34823 1183 5 is be VBZ 34823 1183 6 _ _ NNP 34823 1183 7 for for IN 34823 1183 8 _ _ NNP 34823 1183 9 . . . 34823 1184 1 The the DT 34823 1184 2 functional functional JJ 34823 1184 3 theory theory NN 34823 1184 4 of of IN 34823 1184 5 money money NN 34823 1184 6 , , , 34823 1184 7 therefore therefore RB 34823 1184 8 , , , 34823 1184 9 can can MD 34823 1184 10 not not RB 34823 1184 11 abstract abstract VB 34823 1184 12 from from IN 34823 1184 13 friction friction NN 34823 1184 14 and and CC 34823 1184 15 dynamic dynamic JJ 34823 1184 16 change change NN 34823 1184 17 . . . 34823 1185 1 [ [ -LRB- 34823 1185 2 80 80 CD 34823 1185 3 ] ] -RRB- 34823 1185 4 It -PRON- PRP 34823 1185 5 is be VBZ 34823 1185 6 , , , 34823 1185 7 of of IN 34823 1185 8 course course NN 34823 1185 9 , , , 34823 1185 10 possible possible JJ 34823 1185 11 , , , 34823 1185 12 on on IN 34823 1185 13 this this DT 34823 1185 14 scheme scheme NN 34823 1185 15 to to TO 34823 1185 16 pick pick VB 34823 1185 17 out out RP 34823 1185 18 any any DT 34823 1185 19 one one CD 34823 1185 20 of of IN 34823 1185 21 the the DT 34823 1185 22 goods good NNS 34823 1185 23 in in IN 34823 1185 24 the the DT 34823 1185 25 system system NN 34823 1185 26 , , , 34823 1185 27 say say VBP 34823 1185 28 the the DT 34823 1185 29 1 1 CD 34823 1185 30 - - HYPH 34823 1185 31 1000th 1000th JJ 34823 1185 32 part part NN 34823 1185 33 of of IN 34823 1185 34 a a DT 34823 1185 35 horse horse NN 34823 1185 36 , , , 34823 1185 37 call call VB 34823 1185 38 it -PRON- PRP 34823 1185 39 the the DT 34823 1185 40 " " `` 34823 1185 41 money money NN 34823 1185 42 - - HYPH 34823 1185 43 unit unit NN 34823 1185 44 , , , 34823 1185 45 " " '' 34823 1185 46 and and CC 34823 1185 47 determine determine VB 34823 1185 48 a a DT 34823 1185 49 set set NN 34823 1185 50 of of IN 34823 1185 51 money money NN 34823 1185 52 - - HYPH 34823 1185 53 prices price NNS 34823 1185 54 . . . 34823 1186 1 These these DT 34823 1186 2 " " `` 34823 1186 3 money money NN 34823 1186 4 - - HYPH 34823 1186 5 prices price NNS 34823 1186 6 " " '' 34823 1186 7 are be VBP 34823 1186 8 already already RB 34823 1186 9 given give VBN 34823 1186 10 in in IN 34823 1186 11 the the DT 34823 1186 12 scheme scheme NN 34823 1186 13 in in IN 34823 1186 14 the the DT 34823 1186 15 ratios ratio NNS 34823 1186 16 between between IN 34823 1186 17 the the DT 34823 1186 18 abstract abstract JJ 34823 1186 19 numbers number NNS 34823 1186 20 of of IN 34823 1186 21 this this DT 34823 1186 22 unit unit NN 34823 1186 23 and and CC 34823 1186 24 the the DT 34823 1186 25 abstract abstract JJ 34823 1186 26 numbers number NNS 34823 1186 27 of of IN 34823 1186 28 the the DT 34823 1186 29 units unit NNS 34823 1186 30 of of IN 34823 1186 31 all all DT 34823 1186 32 other other JJ 34823 1186 33 goods good NNS 34823 1186 34 . . . 34823 1187 1 But but CC 34823 1187 2 this this DT 34823 1187 3 is be VBZ 34823 1187 4 meaningless meaningless JJ 34823 1187 5 , , , 34823 1187 6 so so RB 34823 1187 7 far far RB 34823 1187 8 as as IN 34823 1187 9 a a DT 34823 1187 10 theory theory NN 34823 1187 11 of of IN 34823 1187 12 money money NN 34823 1187 13 is be VBZ 34823 1187 14 concerned concern VBN 34823 1187 15 . . . 34823 1188 1 It -PRON- PRP 34823 1188 2 abstracts abstract VBZ 34823 1188 3 entirely entirely RB 34823 1188 4 from from IN 34823 1188 5 the the DT 34823 1188 6 _ _ NNP 34823 1188 7 differences difference NNS 34823 1188 8 _ _ NNP 34823 1188 9 in in IN 34823 1188 10 _ _ NNP 34823 1188 11 salability_[81 salability_[81 NNP 34823 1188 12 ] ] -RRB- 34823 1188 13 of of IN 34823 1188 14 goods good NNS 34823 1188 15 , , , 34823 1188 16 on on IN 34823 1188 17 which which WDT 34823 1188 18 the the DT 34823 1188 19 theory theory NN 34823 1188 20 of of IN 34823 1188 21 money money NN 34823 1188 22 must must MD 34823 1188 23 rest rest VB 34823 1188 24 . . . 34823 1189 1 It -PRON- PRP 34823 1189 2 gives give VBZ 34823 1189 3 us -PRON- PRP 34823 1189 4 no no DT 34823 1189 5 clue clue NN 34823 1189 6 to to IN 34823 1189 7 that that DT 34823 1189 8 part part NN 34823 1189 9 of of IN 34823 1189 10 the the DT 34823 1189 11 value value NN 34823 1189 12 of of IN 34823 1189 13 the the DT 34823 1189 14 money money NN 34823 1189 15 - - HYPH 34823 1189 16 article article NN 34823 1189 17 which which WDT 34823 1189 18 comes come VBZ 34823 1189 19 from from IN 34823 1189 20 its -PRON- PRP$ 34823 1189 21 money money NN 34823 1189 22 - - HYPH 34823 1189 23 functions function NNS 34823 1189 24 . . . 34823 1190 1 ( ( -LRB- 34823 1190 2 4 4 LS 34823 1190 3 ) ) -RRB- 34823 1190 4 The the DT 34823 1190 5 theory theory NN 34823 1190 6 has have VBZ 34823 1190 7 no no DT 34823 1190 8 bearing bearing NN 34823 1190 9 on on IN 34823 1190 10 the the DT 34823 1190 11 problems problem NNS 34823 1190 12 of of IN 34823 1190 13 supply supply NN 34823 1190 14 and and CC 34823 1190 15 demand demand NN 34823 1190 16 . . . 34823 1191 1 Demand demand NN 34823 1191 2 - - HYPH 34823 1191 3 curves curve NNS 34823 1191 4 are be VBP 34823 1191 5 curves curve NNS 34823 1191 6 , , , 34823 1191 7 not not RB 34823 1191 8 of of IN 34823 1191 9 utility utility NN 34823 1191 10 , , , 34823 1191 11 but but CC 34823 1191 12 of of IN 34823 1191 13 money money NN 34823 1191 14 - - HYPH 34823 1191 15 prices price NNS 34823 1191 16 . . . 34823 1192 1 They -PRON- PRP 34823 1192 2 are be VBP 34823 1192 3 concerned concern VBN 34823 1192 4 , , , 34823 1192 5 not not RB 34823 1192 6 with with IN 34823 1192 7 a a DT 34823 1192 8 _ _ NNP 34823 1192 9 system system NN 34823 1192 10 _ _ NNP 34823 1192 11 of of IN 34823 1192 12 ratios ratio NNS 34823 1192 13 among among IN 34823 1192 14 goods good NNS 34823 1192 15 in in IN 34823 1192 16 general general JJ 34823 1192 17 , , , 34823 1192 18 but but CC 34823 1192 19 with with IN 34823 1192 20 the the DT 34823 1192 21 absolute absolute JJ 34823 1192 22 money money NN 34823 1192 23 - - HYPH 34823 1192 24 prices price NNS 34823 1192 25 of of IN 34823 1192 26 particular particular JJ 34823 1192 27 goods good NNS 34823 1192 28 , , , 34823 1192 29 one one CD 34823 1192 30 at at IN 34823 1192 31 a a DT 34823 1192 32 time time NN 34823 1192 33 . . . 34823 1193 1 The the DT 34823 1193 2 modern modern JJ 34823 1193 3 demand demand NN 34823 1193 4 - - HYPH 34823 1193 5 curves curve NNS 34823 1193 6 and and CC 34823 1193 7 supply supply NN 34823 1193 8 - - HYPH 34823 1193 9 curves curve NNS 34823 1193 10 , , , 34823 1193 11 representing represent VBG 34823 1193 12 the the DT 34823 1193 13 demand demand NN 34823 1193 14 and and CC 34823 1193 15 supply supply NN 34823 1193 16 doctrine doctrine NN 34823 1193 17 first first RB 34823 1193 18 made make VBN 34823 1193 19 precise precise JJ 34823 1193 20 by by IN 34823 1193 21 J. J. NNP 34823 1193 22 S. S. NNP 34823 1193 23 Mill,[82 Mill,[82 NNP 34823 1193 24 ] ] -RRB- 34823 1193 25 are be VBP 34823 1193 26 concerned concern VBN 34823 1193 27 with with IN 34823 1193 28 the the DT 34823 1193 29 money money NN 34823 1193 30 - - HYPH 34823 1193 31 prices price NNS 34823 1193 32 of of IN 34823 1193 33 particular particular JJ 34823 1193 34 goods good NNS 34823 1193 35 , , , 34823 1193 36 and and CC 34823 1193 37 the the DT 34823 1193 38 " " `` 34823 1193 39 equation equation NN 34823 1193 40 of of IN 34823 1193 41 supply supply NN 34823 1193 42 and and CC 34823 1193 43 demand"--amount demand"--amount NNP 34823 1193 44 supplied supplied JJ 34823 1193 45 and and CC 34823 1193 46 amount amount NN 34823 1193 47 demanded demand VBD 34823 1193 48 -- -- : 34823 1193 49 gives give VBZ 34823 1193 50 an an DT 34823 1193 51 equilibrium equilibrium NN 34823 1193 52 in in IN 34823 1193 53 which which WDT 34823 1193 54 only only RB 34823 1193 55 one one CD 34823 1193 56 price price NN 34823 1193 57 is be VBZ 34823 1193 58 determined determine VBN 34823 1193 59 . . . 34823 1194 1 Austrian austrian JJ 34823 1194 2 theory theory NN 34823 1194 3 , , , 34823 1194 4 in in IN 34823 1194 5 Böhm Böhm NNP 34823 1194 6 - - HYPH 34823 1194 7 Bawerk Bawerk NNP 34823 1194 8 's 's POS 34823 1194 9 hands hand NNS 34823 1194 10 , , , 34823 1194 11 and and CC 34823 1194 12 in in IN 34823 1194 13 the the DT 34823 1194 14 hands hand NNS 34823 1194 15 of of IN 34823 1194 16 practically practically RB 34823 1194 17 all all DT 34823 1194 18 adherents adherent NNS 34823 1194 19 of of IN 34823 1194 20 the the DT 34823 1194 21 Austrian Austrian NNP 34823 1194 22 School School NNP 34823 1194 23 , , , 34823 1194 24 including include VBG 34823 1194 25 Davenport,[83 Davenport,[83 NNP 34823 1194 26 ] ] -RRB- 34823 1194 27 has have VBZ 34823 1194 28 been be VBN 34823 1194 29 offered offer VBN 34823 1194 30 as as IN 34823 1194 31 really really RB 34823 1194 32 bearing bear VBG 34823 1194 33 on on IN 34823 1194 34 the the DT 34823 1194 35 explanation explanation NN 34823 1194 36 of of IN 34823 1194 37 demand demand NN 34823 1194 38 , , , 34823 1194 39 and and CC 34823 1194 40 as as IN 34823 1194 41 giving give VBG 34823 1194 42 a a DT 34823 1194 43 psychological psychological JJ 34823 1194 44 account account NN 34823 1194 45 and and CC 34823 1194 46 explanation explanation NN 34823 1194 47 of of IN 34823 1194 48 the the DT 34823 1194 49 demand demand NN 34823 1194 50 - - HYPH 34823 1194 51 curve curve NN 34823 1194 52 . . . 34823 1195 1 The the DT 34823 1195 2 scheme scheme NN 34823 1195 3 of of IN 34823 1195 4 Schumpeter Schumpeter NNP 34823 1195 5 has have VBZ 34823 1195 6 simply simply RB 34823 1195 7 no no DT 34823 1195 8 bearing bearing NN 34823 1195 9 at at RB 34823 1195 10 all all RB 34823 1195 11 on on IN 34823 1195 12 this this DT 34823 1195 13 vital vital JJ 34823 1195 14 point point NN 34823 1195 15 . . . 34823 1196 1 The the DT 34823 1196 2 equilibrium equilibrium NN 34823 1196 3 picture picture NN 34823 1196 4 in in IN 34823 1196 5 which which WDT 34823 1196 6 _ _ NNP 34823 1196 7 all all DT 34823 1196 8 _ _ NNP 34823 1196 9 goods good NNS 34823 1196 10 are be VBP 34823 1196 11 involved involve VBN 34823 1196 12 supplies supply NNS 34823 1196 13 no no DT 34823 1196 14 data data NN 34823 1196 15 from from IN 34823 1196 16 which which WDT 34823 1196 17 to to TO 34823 1196 18 construct construct VB 34823 1196 19 any any DT 34823 1196 20 of of IN 34823 1196 21 the the DT 34823 1196 22 magnitudes magnitude NNS 34823 1196 23 above above IN 34823 1196 24 or or CC 34823 1196 25 below below IN 34823 1196 26 the the DT 34823 1196 27 margin margin NN 34823 1196 28 of of IN 34823 1196 29 the the DT 34823 1196 30 demand demand NN 34823 1196 31 and and CC 34823 1196 32 supply supply NN 34823 1196 33 - - HYPH 34823 1196 34 curves curve NNS 34823 1196 35 of of IN 34823 1196 36 any any DT 34823 1196 37 given give VBN 34823 1196 38 good good NN 34823 1196 39 . . . 34823 1197 1 One one CD 34823 1197 2 reason reason NN 34823 1197 3 why why WRB 34823 1197 4 this this DT 34823 1197 5 is be VBZ 34823 1197 6 so so RB 34823 1197 7 will will MD 34823 1197 8 appear appear VB 34823 1197 9 from from IN 34823 1197 10 the the DT 34823 1197 11 point point NN 34823 1197 12 made make VBN 34823 1197 13 with with IN 34823 1197 14 reference reference NN 34823 1197 15 to to TO 34823 1197 16 " " `` 34823 1197 17 money money NN 34823 1197 18 - - HYPH 34823 1197 19 prices price NNS 34823 1197 20 " " '' 34823 1197 21 in in IN 34823 1197 22 the the DT 34823 1197 23 preceding precede VBG 34823 1197 24 paragraph paragraph NN 34823 1197 25 . . . 34823 1198 1 For for IN 34823 1198 2 Schumpeter Schumpeter NNP 34823 1198 3 's 's POS 34823 1198 4 scheme scheme NN 34823 1198 5 , , , 34823 1198 6 the the DT 34823 1198 7 significance significance NN 34823 1198 8 of of IN 34823 1198 9 the the DT 34823 1198 10 article article NN 34823 1198 11 chosen choose VBN 34823 1198 12 as as IN 34823 1198 13 " " `` 34823 1198 14 money money NN 34823 1198 15 " " '' 34823 1198 16 would would MD 34823 1198 17 be be VB 34823 1198 18 as as RB 34823 1198 19 much much JJ 34823 1198 20 a a DT 34823 1198 21 problem problem NN 34823 1198 22 as as IN 34823 1198 23 anything anything NN 34823 1198 24 else else RB 34823 1198 25 , , , 34823 1198 26 when when WRB 34823 1198 27 the the DT 34823 1198 28 conditions condition NNS 34823 1198 29 are be VBP 34823 1198 30 laid lay VBN 34823 1198 31 down down RP 34823 1198 32 . . . 34823 1199 1 It -PRON- PRP 34823 1199 2 would would MD 34823 1199 3 vary vary VB 34823 1199 4 in in IN 34823 1199 5 the the DT 34823 1199 6 process process NN 34823 1199 7 of of IN 34823 1199 8 reaching reach VBG 34823 1199 9 the the DT 34823 1199 10 equilibrium equilibrium NN 34823 1199 11 . . . 34823 1200 1 Its -PRON- PRP$ 34823 1200 2 ratios ratio NNS 34823 1200 3 with with IN 34823 1200 4 all all DT 34823 1200 5 other other JJ 34823 1200 6 things thing NNS 34823 1200 7 would would MD 34823 1200 8 , , , 34823 1200 9 thus thus RB 34823 1200 10 , , , 34823 1200 11 fluctuate fluctuate VB 34823 1200 12 until until IN 34823 1200 13 the the DT 34823 1200 14 equilibrium equilibrium NN 34823 1200 15 was be VBD 34823 1200 16 reached reach VBN 34823 1200 17 . . . 34823 1201 1 But but CC 34823 1201 2 , , , 34823 1201 3 as as IN 34823 1201 4 we -PRON- PRP 34823 1201 5 have have VBP 34823 1201 6 seen see VBN 34823 1201 7 , , , 34823 1201 8 in in IN 34823 1201 9 the the DT 34823 1201 10 chapter chapter NN 34823 1201 11 on on IN 34823 1201 12 " " `` 34823 1201 13 Supply Supply NNP 34823 1201 14 and and CC 34823 1201 15 Demand demand NN 34823 1201 16 , , , 34823 1201 17 " " '' 34823 1201 18 curves curve NNS 34823 1201 19 of of IN 34823 1201 20 supply supply NN 34823 1201 21 and and CC 34823 1201 22 demand demand NN 34823 1201 23 must must MD 34823 1201 24 assume assume VB 34823 1201 25 a a DT 34823 1201 26 fixed fixed JJ 34823 1201 27 significance significance NN 34823 1201 28 of of IN 34823 1201 29 the the DT 34823 1201 30 money money NN 34823 1201 31 - - HYPH 34823 1201 32 unit unit NN 34823 1201 33 . . . 34823 1202 1 It -PRON- PRP 34823 1202 2 may may MD 34823 1202 3 be be VB 34823 1202 4 further further RB 34823 1202 5 noticed notice VBN 34823 1202 6 , , , 34823 1202 7 as as IN 34823 1202 8 marking mark VBG 34823 1202 9 off off RP 34823 1202 10 Schumpeter Schumpeter NNP 34823 1202 11 's 's POS 34823 1202 12 scheme scheme NN 34823 1202 13 from from IN 34823 1202 14 supply supply NN 34823 1202 15 and and CC 34823 1202 16 demand demand NN 34823 1202 17 analysis analysis NN 34823 1202 18 , , , 34823 1202 19 that that IN 34823 1202 20 in in IN 34823 1202 21 Schumpeter Schumpeter NNP 34823 1202 22 's 's POS 34823 1202 23 scheme scheme NN 34823 1202 24 , , , 34823 1202 25 the the DT 34823 1202 26 individual individual NN 34823 1202 27 is be VBZ 34823 1202 28 the the DT 34823 1202 29 centre centre NN 34823 1202 30 of of IN 34823 1202 31 interest interest NN 34823 1202 32 , , , 34823 1202 33 and and CC 34823 1202 34 his -PRON- PRP$ 34823 1202 35 reactions reaction NNS 34823 1202 36 _ _ IN 34823 1202 37 toward toward IN 34823 1202 38 all all DT 34823 1202 39 kinds kind NNS 34823 1202 40 of of IN 34823 1202 41 goods good NNS 34823 1202 42 _ _ NNP 34823 1202 43 is be VBZ 34823 1202 44 emphasized emphasize VBN 34823 1202 45 ; ; : 34823 1202 46 whereas whereas IN 34823 1202 47 in in IN 34823 1202 48 supply supply NN 34823 1202 49 and and CC 34823 1202 50 demand demand NN 34823 1202 51 analysis analysis NN 34823 1202 52 , , , 34823 1202 53 the the DT 34823 1202 54 _ _ NNP 34823 1202 55 good_--one good_--one NNP 34823 1202 56 good good NN 34823 1202 57 -- -- : 34823 1202 58 is be VBZ 34823 1202 59 the the DT 34823 1202 60 centre centre NN 34823 1202 61 of of IN 34823 1202 62 interest interest NN 34823 1202 63 , , , 34823 1202 64 and and CC 34823 1202 65 the the DT 34823 1202 66 price price NN 34823 1202 67 - - HYPH 34823 1202 68 offers offer VBZ 34823 1202 69 streaming streaming NN 34823 1202 70 toward toward IN 34823 1202 71 it -PRON- PRP 34823 1202 72 from from IN 34823 1202 73 all all DT 34823 1202 74 kinds kind NNS 34823 1202 75 of of IN 34823 1202 76 individuals individual NNS 34823 1202 77 is be VBZ 34823 1202 78 emphasized emphasize VBN 34823 1202 79 . . . 34823 1203 1 The the DT 34823 1203 2 two two CD 34823 1203 3 bodies body NNS 34823 1203 4 of of IN 34823 1203 5 doctrine doctrine NN 34823 1203 6 are be VBP 34823 1203 7 quite quite RB 34823 1203 8 distinct distinct JJ 34823 1203 9 . . . 34823 1204 1 ( ( -LRB- 34823 1204 2 5 5 LS 34823 1204 3 ) ) -RRB- 34823 1204 4 The the DT 34823 1204 5 theory theory NN 34823 1204 6 has have VBZ 34823 1204 7 no no DT 34823 1204 8 bearing bearing NN 34823 1204 9 on on IN 34823 1204 10 the the DT 34823 1204 11 explanation explanation NN 34823 1204 12 of of IN 34823 1204 13 entrepreneur entrepreneur NN 34823 1204 14 cost cost NN 34823 1204 15 -- -- : 34823 1204 16 money money NN 34823 1204 17 - - HYPH 34823 1204 18 outlay outlay NN 34823 1204 19 , , , 34823 1204 20 " " `` 34823 1204 21 opportunity opportunity NN 34823 1204 22 cost cost NN 34823 1204 23 , , , 34823 1204 24 " " '' 34823 1204 25 alternative alternative JJ 34823 1204 26 positive positive JJ 34823 1204 27 values value NNS 34823 1204 28 , , , 34823 1204 29 or or CC 34823 1204 30 what what WP 34823 1204 31 not not RB 34823 1204 32 . . . 34823 1205 1 It -PRON- PRP 34823 1205 2 finds find VBZ 34823 1205 3 no no DT 34823 1205 4 place place NN 34823 1205 5 for for IN 34823 1205 6 the the DT 34823 1205 7 modern modern JJ 34823 1205 8 cost cost NN 34823 1205 9 doctrine doctrine NN 34823 1205 10 . . . 34823 1206 1 It -PRON- PRP 34823 1206 2 does do VBZ 34823 1206 3 not not RB 34823 1206 4 in in IN 34823 1206 5 any any DT 34823 1206 6 way way NN 34823 1206 7 open open VB 34823 1206 8 the the DT 34823 1206 9 path path NN 34823 1206 10 to to IN 34823 1206 11 the the DT 34823 1206 12 Austrian austrian JJ 34823 1206 13 theory theory NN 34823 1206 14 of of IN 34823 1206 15 costs cost NNS 34823 1206 16 . . . 34823 1207 1 Costs cost NNS 34823 1207 2 , , , 34823 1207 3 for for IN 34823 1207 4 Austrian austrian JJ 34823 1207 5 theory theory NN 34823 1207 6 , , , 34823 1207 7 as as IN 34823 1207 8 , , , 34823 1207 9 in in IN 34823 1207 10 general general JJ 34823 1207 11 , , , 34823 1207 12 for for IN 34823 1207 13 modern modern JJ 34823 1207 14 theory theory NN 34823 1207 15 , , , 34823 1207 16 are be VBP 34823 1207 17 reflections reflection NNS 34823 1207 18 of of IN 34823 1207 19 _ _ NNP 34823 1207 20 demand demand NN 34823 1207 21 _ _ NNP 34823 1207 22 for for IN 34823 1207 23 the the DT 34823 1207 24 employment employment NN 34823 1207 25 of of IN 34823 1207 26 the the DT 34823 1207 27 agents agent NNS 34823 1207 28 of of IN 34823 1207 29 production production NN 34823 1207 30 in in IN 34823 1207 31 alternative alternative JJ 34823 1207 32 uses use NNS 34823 1207 33 . . . 34823 1208 1 Thus thus RB 34823 1208 2 , , , 34823 1208 3 it -PRON- PRP 34823 1208 4 costs cost VBZ 34823 1208 5 a a DT 34823 1208 6 great great JJ 34823 1208 7 deal deal NN 34823 1208 8 to to TO 34823 1208 9 raise raise VB 34823 1208 10 wheat wheat NN 34823 1208 11 in in IN 34823 1208 12 Illinois Illinois NNP 34823 1208 13 , , , 34823 1208 14 because because IN 34823 1208 15 of of IN 34823 1208 16 the the DT 34823 1208 17 rival rival JJ 34823 1208 18 demand demand NN 34823 1208 19 for for IN 34823 1208 20 the the DT 34823 1208 21 land land NN 34823 1208 22 to to TO 34823 1208 23 produce produce VB 34823 1208 24 corn corn NN 34823 1208 25 . . . 34823 1209 1 Labor labor NN 34823 1209 2 costs cost NNS 34823 1209 3 are be VBP 34823 1209 4 high high JJ 34823 1209 5 in in IN 34823 1209 6 ordinary ordinary JJ 34823 1209 7 manufacturing manufacturing NN 34823 1209 8 , , , 34823 1209 9 because because IN 34823 1209 10 of of IN 34823 1209 11 the the DT 34823 1209 12 rival rival JJ 34823 1209 13 demand demand NN 34823 1209 14 for for IN 34823 1209 15 labor labor NN 34823 1209 16 in in IN 34823 1209 17 the the DT 34823 1209 18 munitions munition NNS 34823 1209 19 factories factory NNS 34823 1209 20 , , , 34823 1209 21 etc etc FW 34823 1209 22 . . . 34823 1210 1 As as IN 34823 1210 2 Schumpeter Schumpeter NNP 34823 1210 3 's 's POS 34823 1210 4 theory theory NN 34823 1210 5 can can MD 34823 1210 6 give give VB 34823 1210 7 no no DT 34823 1210 8 account account NN 34823 1210 9 of of IN 34823 1210 10 the the DT 34823 1210 11 _ _ NNP 34823 1210 12 demand demand NN 34823 1210 13 _ _ NNP 34823 1210 14 for for IN 34823 1210 15 labor labor NN 34823 1210 16 in in IN 34823 1210 17 the the DT 34823 1210 18 munitions munition NNS 34823 1210 19 factories factory NNS 34823 1210 20 , , , 34823 1210 21 it -PRON- PRP 34823 1210 22 follows follow VBZ 34823 1210 23 that that IN 34823 1210 24 it -PRON- PRP 34823 1210 25 can can MD 34823 1210 26 give give VB 34823 1210 27 no no DT 34823 1210 28 account account NN 34823 1210 29 of of IN 34823 1210 30 the the DT 34823 1210 31 _ _ NNP 34823 1210 32 cost cost NN 34823 1210 33 _ _ NNP 34823 1210 34 of of IN 34823 1210 35 labor labor NN 34823 1210 36 in in IN 34823 1210 37 the the DT 34823 1210 38 other other JJ 34823 1210 39 factories factory NNS 34823 1210 40 . . . 34823 1211 1 Instead instead RB 34823 1211 2 , , , 34823 1211 3 indeed indeed RB 34823 1211 4 , , , 34823 1211 5 of of IN 34823 1211 6 giving give VBG 34823 1211 7 us -PRON- PRP 34823 1211 8 the the DT 34823 1211 9 modern modern JJ 34823 1211 10 cost cost NN 34823 1211 11 doctrine doctrine NN 34823 1211 12 , , , 34823 1211 13 we -PRON- PRP 34823 1211 14 see see VBP 34823 1211 15 Schumpeter Schumpeter NNP 34823 1211 16 's 's POS 34823 1211 17 scheme scheme NN 34823 1211 18 reviving revive VBG 34823 1211 19 the the DT 34823 1211 20 old old JJ 34823 1211 21 _ _ NNP 34823 1211 22 real real JJ 34823 1211 23 cost cost NN 34823 1211 24 _ _ NNP 34823 1211 25 doctrine doctrine NN 34823 1211 26 , , , 34823 1211 27 running run VBG 34823 1211 28 in in IN 34823 1211 29 terms term NNS 34823 1211 30 of of IN 34823 1211 31 sacrifices sacrifice NNS 34823 1211 32 in in IN 34823 1211 33 production production NN 34823 1211 34 . . . 34823 1212 1 [ [ -LRB- 34823 1212 2 84 84 CD 34823 1212 3 ] ] -RRB- 34823 1212 4 ( ( -LRB- 34823 1212 5 6 6 LS 34823 1212 6 ) ) -RRB- 34823 1212 7 The the DT 34823 1212 8 foregoing foregoing JJ 34823 1212 9 paragraph paragraph NN 34823 1212 10 gives give VBZ 34823 1212 11 emphasis emphasis NN 34823 1212 12 to to IN 34823 1212 13 the the DT 34823 1212 14 point point NN 34823 1212 15 with with IN 34823 1212 16 which which WDT 34823 1212 17 we -PRON- PRP 34823 1212 18 started start VBD 34823 1212 19 , , , 34823 1212 20 namely namely RB 34823 1212 21 , , , 34823 1212 22 that that IN 34823 1212 23 Schumpeter Schumpeter NNP 34823 1212 24 's 's POS 34823 1212 25 theory theory NN 34823 1212 26 is be VBZ 34823 1212 27 not not RB 34823 1212 28 a a DT 34823 1212 29 _ _ NNP 34823 1212 30 causal causal NN 34823 1212 31 _ _ NNP 34823 1212 32 theory theory NN 34823 1212 33 , , , 34823 1212 34 but but CC 34823 1212 35 merely merely RB 34823 1212 36 a a DT 34823 1212 37 theory theory NN 34823 1212 38 which which WDT 34823 1212 39 gives give VBZ 34823 1212 40 mathematical mathematical JJ 34823 1212 41 relations relation NNS 34823 1212 42 in in IN 34823 1212 43 a a DT 34823 1212 44 static static JJ 34823 1212 45 picture picture NN 34823 1212 46 . . . 34823 1213 1 For for IN 34823 1213 2 the the DT 34823 1213 3 general general JJ 34823 1213 4 theory theory NN 34823 1213 5 of of IN 34823 1213 6 the the DT 34823 1213 7 Austrians Austrians NNPS 34823 1213 8 , , , 34823 1213 9 this this DT 34823 1213 10 real real JJ 34823 1213 11 cost cost NN 34823 1213 12 doctrine doctrine NN 34823 1213 13 is be VBZ 34823 1213 14 anathema anathema NN 34823 1213 15 . . . 34823 1214 1 Values value NNS 34823 1214 2 are be VBP 34823 1214 3 positive positive JJ 34823 1214 4 . . . 34823 1215 1 The the DT 34823 1215 2 emphasis emphasis NN 34823 1215 3 is be VBZ 34823 1215 4 put put VBN 34823 1215 5 on on RP 34823 1215 6 positive positive JJ 34823 1215 7 wants want NNS 34823 1215 8 , , , 34823 1215 9 as as IN 34823 1215 10 _ _ NNP 34823 1215 11 causes cause VBZ 34823 1215 12 _ _ NNP 34823 1215 13 which which WDT 34823 1215 14 guide guide NN 34823 1215 15 and and CC 34823 1215 16 motivate motivate NN 34823 1215 17 industry industry NN 34823 1215 18 . . . 34823 1216 1 The the DT 34823 1216 2 _ _ NNP 34823 1216 3 clue clue NN 34823 1216 4 _ _ IN 34823 1216 5 to to IN 34823 1216 6 all all DT 34823 1216 7 values value NNS 34823 1216 8 is be VBZ 34823 1216 9 in in IN 34823 1216 10 the the DT 34823 1216 11 values value NNS 34823 1216 12 of of IN 34823 1216 13 _ _ NNP 34823 1216 14 consumption consumption NN 34823 1216 15 _ _ NNP 34823 1216 16 goods good NNS 34823 1216 17 , , , 34823 1216 18 which which WDT 34823 1216 19 are be VBP 34823 1216 20 in in IN 34823 1216 21 direct direct JJ 34823 1216 22 contact contact NN 34823 1216 23 with with IN 34823 1216 24 the the DT 34823 1216 25 utilities utility NNS 34823 1216 26 which which WDT 34823 1216 27 are be VBP 34823 1216 28 the the DT 34823 1216 29 source source NN 34823 1216 30 of of IN 34823 1216 31 value value NN 34823 1216 32 . . . 34823 1217 1 From from IN 34823 1217 2 the the DT 34823 1217 3 values value NNS 34823 1217 4 of of IN 34823 1217 5 consumption consumption NN 34823 1217 6 goods good NNS 34823 1217 7 , , , 34823 1217 8 we -PRON- PRP 34823 1217 9 _ _ NNP 34823 1217 10 derive derive VBP 34823 1217 11 _ _ NNP 34823 1217 12 the the DT 34823 1217 13 values value NNS 34823 1217 14 of of IN 34823 1217 15 production production NN 34823 1217 16 goods good NNS 34823 1217 17 , , , 34823 1217 18 labor labor NN 34823 1217 19 , , , 34823 1217 20 etc etc FW 34823 1217 21 . . FW 34823 1217 22 , , , 34823 1217 23 which which WDT 34823 1217 24 are be VBP 34823 1217 25 goods good NNS 34823 1217 26 of of IN 34823 1217 27 " " `` 34823 1217 28 second second JJ 34823 1217 29 , , , 34823 1217 30 third third JJ 34823 1217 31 and and CC 34823 1217 32 fourth fourth JJ 34823 1217 33 _ _ NNP 34823 1217 34 ranks rank VBZ 34823 1217 35 _ _ NNP 34823 1217 36 " " '' 34823 1217 37 and and CC 34823 1217 38 whose whose WP$ 34823 1217 39 values value NNS 34823 1217 40 are be VBP 34823 1217 41 merely merely RB 34823 1217 42 reflected reflect VBN 34823 1217 43 from from IN 34823 1217 44 the the DT 34823 1217 45 causal causal JJ 34823 1217 46 marginal marginal JJ 34823 1217 47 utilities utility NNS 34823 1217 48 of of IN 34823 1217 49 the the DT 34823 1217 50 consumption consumption NN 34823 1217 51 goods good NNS 34823 1217 52 they -PRON- PRP 34823 1217 53 are be VBP 34823 1217 54 destined destine VBN 34823 1217 55 to to TO 34823 1217 56 create create VB 34823 1217 57 . . . 34823 1218 1 None none NN 34823 1218 2 of of IN 34823 1218 3 this this DT 34823 1218 4 causation causation NN 34823 1218 5 is be VBZ 34823 1218 6 brought bring VBN 34823 1218 7 into into IN 34823 1218 8 Schumpeter Schumpeter NNP 34823 1218 9 's 's POS 34823 1218 10 conspectus conspectus NN 34823 1218 11 picture picture NN 34823 1218 12 . . . 34823 1219 1 On on IN 34823 1219 2 the the DT 34823 1219 3 contrary contrary NN 34823 1219 4 , , , 34823 1219 5 with with IN 34823 1219 6 the the DT 34823 1219 7 bringing bringing NN 34823 1219 8 in in RP 34823 1219 9 of of IN 34823 1219 10 disutility disutility NN 34823 1219 11 of of IN 34823 1219 12 production production NN 34823 1219 13 , , , 34823 1219 14 we -PRON- PRP 34823 1219 15 have have VBP 34823 1219 16 the the DT 34823 1219 17 doctrine doctrine NN 34823 1219 18 of of IN 34823 1219 19 the the DT 34823 1219 20 earlier early JJR 34823 1219 21 English English NNP 34823 1219 22 School School NNP 34823 1219 23 revived revive VBD 34823 1219 24 . . . 34823 1220 1 The the DT 34823 1220 2 equilibrium equilibrium NN 34823 1220 3 picture picture NN 34823 1220 4 is be VBZ 34823 1220 5 as as RB 34823 1220 6 good good JJ 34823 1220 7 a a DT 34823 1220 8 proof proof NN 34823 1220 9 of of IN 34823 1220 10 the the DT 34823 1220 11 one one CD 34823 1220 12 theory theory NN 34823 1220 13 as as IN 34823 1220 14 of of IN 34823 1220 15 the the DT 34823 1220 16 other other JJ 34823 1220 17 . . . 34823 1221 1 If if IN 34823 1221 2 we -PRON- PRP 34823 1221 3 assume assume VBP 34823 1221 4 the the DT 34823 1221 5 utility utility NN 34823 1221 6 - - HYPH 34823 1221 7 curves curve NNS 34823 1221 8 constant constant JJ 34823 1221 9 , , , 34823 1221 10 and and CC 34823 1221 11 allow allow VB 34823 1221 12 the the DT 34823 1221 13 cost cost NN 34823 1221 14 - - HYPH 34823 1221 15 curves curve NNS 34823 1221 16 to to TO 34823 1221 17 vary vary VB 34823 1221 18 , , , 34823 1221 19 then then RB 34823 1221 20 causation causation NN 34823 1221 21 would would MD 34823 1221 22 be be VB 34823 1221 23 initiated initiate VBN 34823 1221 24 by by IN 34823 1221 25 the the DT 34823 1221 26 cost cost NN 34823 1221 27 - - HYPH 34823 1221 28 curves curve NNS 34823 1221 29 . . . 34823 1222 1 [ [ -LRB- 34823 1222 2 85 85 CD 34823 1222 3 ] ] -RRB- 34823 1222 4 ( ( -LRB- 34823 1222 5 7 7 LS 34823 1222 6 ) ) -RRB- 34823 1222 7 Such such PDT 34823 1222 8 an an DT 34823 1222 9 equilibrium equilibrium NN 34823 1222 10 picture picture NN 34823 1222 11 leaves leave NNS 34823 1222 12 untouched untouche VBD 34823 1222 13 the the DT 34823 1222 14 vital vital JJ 34823 1222 15 question question NN 34823 1222 16 which which WDT 34823 1222 17 any any DT 34823 1222 18 theory theory NN 34823 1222 19 must must MD 34823 1222 20 answer answer VB 34823 1222 21 which which WDT 34823 1222 22 means mean VBZ 34823 1222 23 to to TO 34823 1222 24 be be VB 34823 1222 25 of of IN 34823 1222 26 practical practical JJ 34823 1222 27 use use NN 34823 1222 28 in in IN 34823 1222 29 concrete concrete JJ 34823 1222 30 situations situation NNS 34823 1222 31 : : : 34823 1222 32 what what WP 34823 1222 33 are be VBP 34823 1222 34 the the DT 34823 1222 35 real real JJ 34823 1222 36 _ _ NNP 34823 1222 37 variables variable NNS 34823 1222 38 _ _ NNP 34823 1222 39 in in IN 34823 1222 40 the the DT 34823 1222 41 situation situation NN 34823 1222 42 , , , 34823 1222 43 and and CC 34823 1222 44 what what WDT 34823 1222 45 factors factor NNS 34823 1222 46 are be VBP 34823 1222 47 constant constant JJ 34823 1222 48 ? ? . 34823 1223 1 What what WDT 34823 1223 2 causes cause NNS 34823 1223 3 are be VBP 34823 1223 4 _ _ NNP 34823 1223 5 likely likely JJ 34823 1223 6 _ _ NNP 34823 1223 7 to to TO 34823 1223 8 produce produce VB 34823 1223 9 changes change NNS 34823 1223 10 in in IN 34823 1223 11 market market NN 34823 1223 12 prices price NNS 34823 1223 13 ? ? . 34823 1224 1 The the DT 34823 1224 2 individual individual JJ 34823 1224 3 - - HYPH 34823 1224 4 utility utility NN 34823 1224 5 curves curve NNS 34823 1224 6 , , , 34823 1224 7 which which WDT 34823 1224 8 in in IN 34823 1224 9 Austrian austrian JJ 34823 1224 10 theory theory NN 34823 1224 11 are be VBP 34823 1224 12 commonly commonly RB 34823 1224 13 treated treat VBN 34823 1224 14 as as IN 34823 1224 15 the the DT 34823 1224 16 only only JJ 34823 1224 17 variables variable NNS 34823 1224 18 , , , 34823 1224 19 except except IN 34823 1224 20 quantities quantity NNS 34823 1224 21 of of IN 34823 1224 22 goods,--in goods,--in NN 34823 1224 23 the the DT 34823 1224 24 strict strict JJ 34823 1224 25 static static JJ 34823 1224 26 picture picture NN 34823 1224 27 there there EX 34823 1224 28 are be VBP 34823 1224 29 no no DT 34823 1224 30 variables variable NNS 34823 1224 31 at at IN 34823 1224 32 all!--are all!--are NFP 34823 1224 33 really really RB 34823 1224 34 , , , 34823 1224 35 when when WRB 34823 1224 36 conceived conceive VBN 34823 1224 37 of of IN 34823 1224 38 as as IN 34823 1224 39 individual individual JJ 34823 1224 40 , , , 34823 1224 41 as as IN 34823 1224 42 growing grow VBG 34823 1224 43 out out IN 34823 1224 44 of of IN 34823 1224 45 the the DT 34823 1224 46 mental mental JJ 34823 1224 47 processes process NNS 34823 1224 48 of of IN 34823 1224 49 each each DT 34823 1224 50 individual individual NN 34823 1224 51 separately separately RB 34823 1224 52 , , , 34823 1224 53 the the DT 34823 1224 54 most most JJS 34823 1224 55 _ _ NNP 34823 1224 56 constant constant JJ 34823 1224 57 _ _ NNP 34823 1224 58 factor factor NN 34823 1224 59 in in IN 34823 1224 60 the the DT 34823 1224 61 situation situation NN 34823 1224 62 . . . 34823 1225 1 For for IN 34823 1225 2 , , , 34823 1225 3 on on IN 34823 1225 4 the the DT 34823 1225 5 principle principle NN 34823 1225 6 of of IN 34823 1225 7 the the DT 34823 1225 8 inertia inertia NN 34823 1225 9 of of IN 34823 1225 10 large large JJ 34823 1225 11 numbers number NNS 34823 1225 12 , , , 34823 1225 13 each each DT 34823 1225 14 unit unit NN 34823 1225 15 of of IN 34823 1225 16 which which WDT 34823 1225 17 is be VBZ 34823 1225 18 moved move VBN 34823 1225 19 by by IN 34823 1225 20 its -PRON- PRP$ 34823 1225 21 own own JJ 34823 1225 22 peculiar peculiar JJ 34823 1225 23 causes cause NNS 34823 1225 24 , , , 34823 1225 25 changes change NNS 34823 1225 26 in in IN 34823 1225 27 the the DT 34823 1225 28 utility utility NN 34823 1225 29 - - HYPH 34823 1225 30 curves curve NNS 34823 1225 31 of of IN 34823 1225 32 one one CD 34823 1225 33 man man NN 34823 1225 34 will will MD 34823 1225 35 be be VB 34823 1225 36 offset offset VBN 34823 1225 37 by by IN 34823 1225 38 opposite opposite JJ 34823 1225 39 changes change NNS 34823 1225 40 in in IN 34823 1225 41 the the DT 34823 1225 42 utility utility NN 34823 1225 43 - - HYPH 34823 1225 44 curves curve NNS 34823 1225 45 of of IN 34823 1225 46 another another DT 34823 1225 47 , , , 34823 1225 48 and and CC 34823 1225 49 so so RB 34823 1225 50 the the DT 34823 1225 51 general general JJ 34823 1225 52 system system NN 34823 1225 53 will will MD 34823 1225 54 remain remain VB 34823 1225 55 much much JJ 34823 1225 56 where where WRB 34823 1225 57 it -PRON- PRP 34823 1225 58 was be VBD 34823 1225 59 . . . 34823 1226 1 Of of RB 34823 1226 2 course course RB 34823 1226 3 , , , 34823 1226 4 if if IN 34823 1226 5 a a DT 34823 1226 6 rich rich JJ 34823 1226 7 man man NN 34823 1226 8 changes change VBZ 34823 1226 9 his -PRON- PRP$ 34823 1226 10 curve curve NN 34823 1226 11 , , , 34823 1226 12 a a DT 34823 1226 13 poor poor JJ 34823 1226 14 man man NN 34823 1226 15 's 's POS 34823 1226 16 change change NN 34823 1226 17 will will MD 34823 1226 18 not not RB 34823 1226 19 offset offset VB 34823 1226 20 it -PRON- PRP 34823 1226 21 in in IN 34823 1226 22 the the DT 34823 1226 23 market market NN 34823 1226 24 , , , 34823 1226 25 but but CC 34823 1226 26 this this DT 34823 1226 27 is be VBZ 34823 1226 28 to to TO 34823 1226 29 emphasize emphasize VB 34823 1226 30 the the DT 34823 1226 31 _ _ NNP 34823 1226 32 distribution distribution NN 34823 1226 33 of of IN 34823 1226 34 wealth wealth NN 34823 1226 35 _ _ NNP 34823 1226 36 rather rather RB 34823 1226 37 than than IN 34823 1226 38 the the DT 34823 1226 39 utility utility NN 34823 1226 40 - - HYPH 34823 1226 41 curves curve NNS 34823 1226 42 . . . 34823 1227 1 It -PRON- PRP 34823 1227 2 is be VBZ 34823 1227 3 only only RB 34823 1227 4 when when WRB 34823 1227 5 you -PRON- PRP 34823 1227 6 get get VBP 34823 1227 7 changes change NNS 34823 1227 8 of of IN 34823 1227 9 a a DT 34823 1227 10 sort sort NN 34823 1227 11 that that WDT 34823 1227 12 the the DT 34823 1227 13 individualistic individualistic JJ 34823 1227 14 psychology psychology NN 34823 1227 15 , , , 34823 1227 16 and and CC 34823 1227 17 the the DT 34823 1227 18 " " `` 34823 1227 19 pure pure JJ 34823 1227 20 economic economic JJ 34823 1227 21 " " '' 34823 1227 22 explanation explanation NN 34823 1227 23 factors factor NNS 34823 1227 24 , , , 34823 1227 25 of of IN 34823 1227 26 the the DT 34823 1227 27 Austrians Austrians NNPS 34823 1227 28 find find VBP 34823 1227 29 no no DT 34823 1227 30 place place NN 34823 1227 31 for for IN 34823 1227 32 , , , 34823 1227 33 that that IN 34823 1227 34 you -PRON- PRP 34823 1227 35 can can MD 34823 1227 36 predict predict VB 34823 1227 37 a a DT 34823 1227 38 change change NN 34823 1227 39 in in IN 34823 1227 40 the the DT 34823 1227 41 general general JJ 34823 1227 42 price price NN 34823 1227 43 - - HYPH 34823 1227 44 system system NN 34823 1227 45 . . . 34823 1228 1 It -PRON- PRP 34823 1228 2 is be VBZ 34823 1228 3 only only RB 34823 1228 4 changes change NNS 34823 1228 5 in in IN 34823 1228 6 fashion fashion NN 34823 1228 7 or or CC 34823 1228 8 mode mode NN 34823 1228 9 , , , 34823 1228 10 in in IN 34823 1228 11 general general JJ 34823 1228 12 business business NN 34823 1228 13 confidence,[86 confidence,[86 CD 34823 1228 14 ] ] -RRB- 34823 1228 15 in in IN 34823 1228 16 moral moral JJ 34823 1228 17 attitude attitude NN 34823 1228 18 toward toward IN 34823 1228 19 this this DT 34823 1228 20 or or CC 34823 1228 21 the the DT 34823 1228 22 other other JJ 34823 1228 23 sort sort NN 34823 1228 24 of of IN 34823 1228 25 consumption consumption NN 34823 1228 26 or or CC 34823 1228 27 production production NN 34823 1228 28 , , , 34823 1228 29 in in IN 34823 1228 30 the the DT 34823 1228 31 distribution distribution NN 34823 1228 32 of of IN 34823 1228 33 wealth wealth NN 34823 1228 34 , , , 34823 1228 35 changes change NNS 34823 1228 36 in in IN 34823 1228 37 taxes taxis NNS 34823 1228 38 and and CC 34823 1228 39 other other JJ 34823 1228 40 laws law NNS 34823 1228 41 -- -- : 34823 1228 42 causes cause NNS 34823 1228 43 of of IN 34823 1228 44 a a DT 34823 1228 45 general general JJ 34823 1228 46 social social JJ 34823 1228 47 character character NN 34823 1228 48 -- -- : 34823 1228 49 that that IN 34823 1228 50 you -PRON- PRP 34823 1228 51 can can MD 34823 1228 52 count count VB 34823 1228 53 on on IN 34823 1228 54 to to TO 34823 1228 55 produce produce VB 34823 1228 56 important important JJ 34823 1228 57 changes change NNS 34823 1228 58 in in IN 34823 1228 59 values value NNS 34823 1228 60 . . . 34823 1229 1 Of of RB 34823 1229 2 course course RB 34823 1229 3 , , , 34823 1229 4 changes change NNS 34823 1229 5 in in IN 34823 1229 6 the the DT 34823 1229 7 adequacies adequacy NNS 34823 1229 8 of of IN 34823 1229 9 supplies supply NNS 34823 1229 10 would would MD 34823 1229 11 be be VB 34823 1229 12 taken take VBN 34823 1229 13 account account NN 34823 1229 14 of of IN 34823 1229 15 on on IN 34823 1229 16 either either DT 34823 1229 17 interpretation interpretation NN 34823 1229 18 . . . 34823 1230 1 ( ( -LRB- 34823 1230 2 8) 8) CD 34823 1230 3 The the DT 34823 1230 4 scheme scheme NN 34823 1230 5 under under IN 34823 1230 6 consideration consideration NN 34823 1230 7 gives give VBZ 34823 1230 8 no no DT 34823 1230 9 value value NN 34823 1230 10 concept concept NN 34823 1230 11 which which WDT 34823 1230 12 the the DT 34823 1230 13 economist economist NN 34823 1230 14 can can MD 34823 1230 15 make make VB 34823 1230 16 any any DT 34823 1230 17 particular particular JJ 34823 1230 18 use use NN 34823 1230 19 of of IN 34823 1230 20 . . . 34823 1231 1 It -PRON- PRP 34823 1231 2 gives give VBZ 34823 1231 3 only only RB 34823 1231 4 ratios ratio NNS 34823 1231 5 between between IN 34823 1231 6 marginal marginal JJ 34823 1231 7 utilities utility NNS 34823 1231 8 in in IN 34823 1231 9 the the DT 34823 1231 10 mind mind NN 34823 1231 11 of of IN 34823 1231 12 the the DT 34823 1231 13 same same JJ 34823 1231 14 individual individual NN 34823 1231 15 , , , 34823 1231 16 and and CC 34823 1231 17 abstract abstract JJ 34823 1231 18 market market NN 34823 1231 19 ratios ratio NNS 34823 1231 20 . . . 34823 1232 1 It -PRON- PRP 34823 1232 2 gives give VBZ 34823 1232 3 no no DT 34823 1232 4 _ _ NN 34823 1232 5 quantitative quantitative JJ 34823 1232 6 _ _ NNP 34823 1232 7 value value NN 34823 1232 8 , , , 34823 1232 9 which which WDT 34823 1232 10 can can MD 34823 1232 11 be be VB 34823 1232 12 attributed attribute VBN 34823 1232 13 to to IN 34823 1232 14 goods good NNS 34823 1232 15 as as IN 34823 1232 16 a a DT 34823 1232 17 quality,[87 quality,[87 NN 34823 1232 18 ] ] -RRB- 34823 1232 19 a a DT 34823 1232 20 homogeneous homogeneous JJ 34823 1232 21 quality quality NN 34823 1232 22 of of IN 34823 1232 23 wealth wealth NN 34823 1232 24 by by IN 34823 1232 25 means mean NNS 34823 1232 26 of of IN 34823 1232 27 which which WDT 34823 1232 28 diverse diverse JJ 34823 1232 29 sorts sort NNS 34823 1232 30 of of IN 34823 1232 31 wealth wealth NN 34823 1232 32 may may MD 34823 1232 33 be be VB 34823 1232 34 compared compare VBN 34823 1232 35 , , , 34823 1232 36 funded fund VBN 34823 1232 37 , , , 34823 1232 38 etc etc FW 34823 1232 39 . . . 34823 1233 1 Such such PDT 34823 1233 2 a a DT 34823 1233 3 concept concept NN 34823 1233 4 is be VBZ 34823 1233 5 , , , 34823 1233 6 however however RB 34823 1233 7 , , , 34823 1233 8 necessary necessary JJ 34823 1233 9 for for IN 34823 1233 10 the the DT 34823 1233 11 economic economic JJ 34823 1233 12 analysis analysis NN 34823 1233 13 , , , 34823 1233 14 and and CC 34823 1233 15 Schumpeter Schumpeter NNP 34823 1233 16 is be VBZ 34823 1233 17 driven drive VBN 34823 1233 18 to to IN 34823 1233 19 creating create VBG 34823 1233 20 substitutes substitute NNS 34823 1233 21 for for IN 34823 1233 22 it -PRON- PRP 34823 1233 23 of of IN 34823 1233 24 various various JJ 34823 1233 25 sorts sort NNS 34823 1233 26 , , , 34823 1233 27 notably notably RB 34823 1233 28 _ _ NNP 34823 1233 29 Kaufkraft Kaufkraft NNP 34823 1233 30 _ _ NNP 34823 1233 31 and and CC 34823 1233 32 _ _ NNP 34823 1233 33 Kapital Kapital NNP 34823 1233 34 _ _ NNP 34823 1233 35 . . . 34823 1234 1 _ _ NNP 34823 1234 2 Kaufkraft Kaufkraft NNP 34823 1234 3 _ _ NNP 34823 1234 4 , , , 34823 1234 5 as as IN 34823 1234 6 Schumpeter Schumpeter NNP 34823 1234 7 uses use VBZ 34823 1234 8 the the DT 34823 1234 9 term term NN 34823 1234 10 , , , 34823 1234 11 is be VBZ 34823 1234 12 not not RB 34823 1234 13 derived derive VBN 34823 1234 14 from from IN 34823 1234 15 marginal marginal JJ 34823 1234 16 utility utility NN 34823 1234 17 , , , 34823 1234 18 but but CC 34823 1234 19 is be VBZ 34823 1234 20 an an DT 34823 1234 21 abstraction abstraction NN 34823 1234 22 from from IN 34823 1234 23 the the DT 34823 1234 24 idea idea NN 34823 1234 25 of of IN 34823 1234 26 money money NN 34823 1234 27 . . . 34823 1235 1 It -PRON- PRP 34823 1235 2 is be VBZ 34823 1235 3 not not RB 34823 1235 4 a a DT 34823 1235 5 quantity quantity NN 34823 1235 6 of of IN 34823 1235 7 money money NN 34823 1235 8 alone alone RB 34823 1235 9 , , , 34823 1235 10 nor nor CC 34823 1235 11 even even RB 34823 1235 12 of of IN 34823 1235 13 money money NN 34823 1235 14 and and CC 34823 1235 15 credit credit NN 34823 1235 16 , , , 34823 1235 17 but but CC 34823 1235 18 is be VBZ 34823 1235 19 a a DT 34823 1235 20 fund fund NN 34823 1235 21 of of IN 34823 1235 22 " " `` 34823 1235 23 abstract abstract JJ 34823 1235 24 power power NN 34823 1235 25 , , , 34823 1235 26 " " '' 34823 1235 27 which which WDT 34823 1235 28 depends depend VBZ 34823 1235 29 not not RB 34823 1235 30 alone alone JJ 34823 1235 31 on on IN 34823 1235 32 the the DT 34823 1235 33 quantity quantity NN 34823 1235 34 of of IN 34823 1235 35 money money NN 34823 1235 36 and and CC 34823 1235 37 credit credit NN 34823 1235 38 in in IN 34823 1235 39 which which WDT 34823 1235 40 it -PRON- PRP 34823 1235 41 is be VBZ 34823 1235 42 embodied embody VBN 34823 1235 43 , , , 34823 1235 44 but but CC 34823 1235 45 also also RB 34823 1235 46 on on IN 34823 1235 47 the the DT 34823 1235 48 prices price NNS 34823 1235 49 of of IN 34823 1235 50 goods good NNS 34823 1235 51 . . . 34823 1236 1 [ [ -LRB- 34823 1236 2 88 88 CD 34823 1236 3 ] ] -RRB- 34823 1236 4 This this DT 34823 1236 5 _ _ NNP 34823 1236 6 Kaufkraft Kaufkraft NNP 34823 1236 7 _ _ NNP 34823 1236 8 is be VBZ 34823 1236 9 needed need VBN 34823 1236 10 to to TO 34823 1236 11 give give VB 34823 1236 12 the the DT 34823 1236 13 causal causal JJ 34823 1236 14 " " '' 34823 1236 15 steam steam NN 34823 1236 16 , , , 34823 1236 17 " " '' 34823 1236 18 the the DT 34823 1236 19 " " `` 34823 1236 20 motivating motivating NN 34823 1236 21 power power NN 34823 1236 22 , , , 34823 1236 23 " " '' 34823 1236 24 which which WDT 34823 1236 25 the the DT 34823 1236 26 social social JJ 34823 1236 27 value value NN 34823 1236 28 concept concept NN 34823 1236 29 connotes connote NNS 34823 1236 30 , , , 34823 1236 31 but but CC 34823 1236 32 which which WDT 34823 1236 33 ratios ratio VBZ 34823 1236 34 in in IN 34823 1236 35 the the DT 34823 1236 36 market market NN 34823 1236 37 lack lack NN 34823 1236 38 . . . 34823 1237 1 Similarly similarly RB 34823 1237 2 , , , 34823 1237 3 _ _ NNP 34823 1237 4 Kapital Kapital NNP 34823 1237 5 _ _ NNP 34823 1237 6 is be VBZ 34823 1237 7 conceived conceive VBN 34823 1237 8 of of IN 34823 1237 9 as as IN 34823 1237 10 an an DT 34823 1237 11 agent agent NN 34823 1237 12 , , , 34823 1237 13 a a DT 34823 1237 14 dynamic dynamic JJ 34823 1237 15 force force NN 34823 1237 16 , , , 34823 1237 17 distinguished distinguish VBN 34823 1237 18 from from IN 34823 1237 19 accumulations accumulation NNS 34823 1237 20 of of IN 34823 1237 21 concrete concrete JJ 34823 1237 22 productive productive JJ 34823 1237 23 instruments instrument NNS 34823 1237 24 , , , 34823 1237 25 by by IN 34823 1237 26 means mean NNS 34823 1237 27 of of IN 34823 1237 28 which which WDT 34823 1237 29 the the DT 34823 1237 30 entrepreneur entrepreneur NN 34823 1237 31 gets get VBZ 34823 1237 32 control control NN 34823 1237 33 of of IN 34823 1237 34 land land NN 34823 1237 35 , , , 34823 1237 36 labor labor NN 34823 1237 37 and and CC 34823 1237 38 instrumental instrumental JJ 34823 1237 39 goods good NNS 34823 1237 40 . . . 34823 1238 1 [ [ -LRB- 34823 1238 2 89 89 CD 34823 1238 3 ] ] -RRB- 34823 1238 4 Other other JJ 34823 1238 5 functions function NNS 34823 1238 6 of of IN 34823 1238 7 the the DT 34823 1238 8 quantitative quantitative JJ 34823 1238 9 value value NN 34823 1238 10 are be VBP 34823 1238 11 shouldered shoulder VBN 34823 1238 12 on on IN 34823 1238 13 a a DT 34823 1238 14 hard hard RB 34823 1238 15 - - HYPH 34823 1238 16 worked worked JJ 34823 1238 17 and and CC 34823 1238 18 unusually unusually RB 34823 1238 19 defined define VBN 34823 1238 20 concept concept NN 34823 1238 21 , , , 34823 1238 22 _ _ NNP 34823 1238 23 Kredit Kredit NNP 34823 1238 24 _ _ NNP 34823 1238 25 , , , 34823 1238 26 which which WDT 34823 1238 27 leads lead VBZ 34823 1238 28 Schumpeter Schumpeter NNP 34823 1238 29 into into IN 34823 1238 30 certain certain JJ 34823 1238 31 " " `` 34823 1238 32 heresies"[90 heresies"[90 NNS 34823 1238 33 ] ] -RRB- 34823 1238 34 regarding regard VBG 34823 1238 35 credit credit NN 34823 1238 36 , , , 34823 1238 37 which which WDT 34823 1238 38 are be VBP 34823 1238 39 mostly mostly RB 34823 1238 40 harmless harmless JJ 34823 1238 41 in in IN 34823 1238 42 themselves -PRON- PRP 34823 1238 43 , , , 34823 1238 44 but but CC 34823 1238 45 which which WDT 34823 1238 46 will will MD 34823 1238 47 arouse arouse VB 34823 1238 48 misunderstanding misunderstanding NN 34823 1238 49 and and CC 34823 1238 50 opposition opposition NN 34823 1238 51 . . . 34823 1239 1 " " `` 34823 1239 2 _ _ NNP 34823 1239 3 Præter Præter NNP 34823 1239 4 necessitatem necessitatem NN 34823 1239 5 entia entia VBP 34823 1239 6 non non AFX 34823 1239 7 multiplicanda multiplicanda NNP 34823 1239 8 sunt sunt NNP 34823 1239 9 _ _ NNP 34823 1239 10 , , , 34823 1239 11 " " '' 34823 1239 12 and and CC 34823 1239 13 the the DT 34823 1239 14 social social JJ 34823 1239 15 value value NN 34823 1239 16 concept concept NN 34823 1239 17 , , , 34823 1239 18 which which WDT 34823 1239 19 covers cover VBZ 34823 1239 20 by by IN 34823 1239 21 inclusion inclusion NN 34823 1239 22 the the DT 34823 1239 23 notion notion NN 34823 1239 24 of of IN 34823 1239 25 market market NN 34823 1239 26 ratio ratio NN 34823 1239 27 -- -- : 34823 1239 28 market market NN 34823 1239 29 ratios ratio NNS 34823 1239 30 being be VBG 34823 1239 31 ratios ratio NNS 34823 1239 32 between between IN 34823 1239 33 social social JJ 34823 1239 34 values value NNS 34823 1239 35 -- -- : 34823 1239 36 and and CC 34823 1239 37 which which WDT 34823 1239 38 does do VBZ 34823 1239 39 all all PDT 34823 1239 40 the the DT 34823 1239 41 work work NN 34823 1239 42 that that WDT 34823 1239 43 Schumpeter Schumpeter NNP 34823 1239 44 attributes attribute VBZ 34823 1239 45 to to IN 34823 1239 46 _ _ NNP 34823 1239 47 Kapital Kapital NNP 34823 1239 48 _ _ NNP 34823 1239 49 and and CC 34823 1239 50 _ _ NNP 34823 1239 51 Kaufkraft Kaufkraft NNP 34823 1239 52 _ _ NNP 34823 1239 53 , , , 34823 1239 54 and and CC 34823 1239 55 most most JJS 34823 1239 56 of of IN 34823 1239 57 the the DT 34823 1239 58 new new JJ 34823 1239 59 work work NN 34823 1239 60 which which WDT 34823 1239 61 he -PRON- PRP 34823 1239 62 attributes attribute VBZ 34823 1239 63 to to IN 34823 1239 64 _ _ NNP 34823 1239 65 Kredit Kredit NNP 34823 1239 66 _ _ NNP 34823 1239 67 , , , 34823 1239 68 is be VBZ 34823 1239 69 to to TO 34823 1239 70 be be VB 34823 1239 71 preferred,[91 preferred,[91 LS 34823 1239 72 ] ] -RRB- 34823 1239 73 if if IN 34823 1239 74 only only RB 34823 1239 75 on on IN 34823 1239 76 grounds ground NNS 34823 1239 77 of of IN 34823 1239 78 intellectual intellectual JJ 34823 1239 79 economy economy NN 34823 1239 80 . . . 34823 1240 1 " " `` 34823 1240 2 Capital capital NN 34823 1240 3 " " '' 34823 1240 4 is be VBZ 34823 1240 5 then then RB 34823 1240 6 saved save VBN 34823 1240 7 for for IN 34823 1240 8 more more RBR 34823 1240 9 usual usual JJ 34823 1240 10 meanings meaning NNS 34823 1240 11 , , , 34823 1240 12 and and CC 34823 1240 13 economy economy NN 34823 1240 14 in in IN 34823 1240 15 terminology terminology NN 34823 1240 16 is be VBZ 34823 1240 17 also also RB 34823 1240 18 effected effect VBN 34823 1240 19 . . . 34823 1241 1 Schumpeter Schumpeter NNP 34823 1241 2 also also RB 34823 1241 3 departs depart VBZ 34823 1241 4 , , , 34823 1241 5 as as IN 34823 1241 6 shown show VBN 34823 1241 7 , , , 34823 1241 8 from from IN 34823 1241 9 the the DT 34823 1241 10 abstract abstract JJ 34823 1241 11 market market NN 34823 1241 12 ratio ratio NN 34823 1241 13 notion notion NN 34823 1241 14 in in IN 34823 1241 15 erecting erect VBG 34823 1241 16 a a DT 34823 1241 17 causal causal JJ 34823 1241 18 theory theory NN 34823 1241 19 of of IN 34823 1241 20 value value NN 34823 1241 21 , , , 34823 1241 22 in in IN 34823 1241 23 which which WDT 34823 1241 24 " " `` 34823 1241 25 marginal marginal JJ 34823 1241 26 utility utility NN 34823 1241 27 " " '' 34823 1241 28 is be VBZ 34823 1241 29 used use VBN 34823 1241 30 as as IN 34823 1241 31 the the DT 34823 1241 32 equivalent equivalent NN 34823 1241 33 of of IN 34823 1241 34 a a DT 34823 1241 35 quantitative quantitative JJ 34823 1241 36 value value NN 34823 1241 37 , , , 34823 1241 38 and and CC 34823 1241 39 is be VBZ 34823 1241 40 traced trace VBN 34823 1241 41 by by IN 34823 1241 42 the the DT 34823 1241 43 Austrian austrian JJ 34823 1241 44 imputation imputation NN 34823 1241 45 process process NN 34823 1241 46 back back RB 34823 1241 47 to to IN 34823 1241 48 the the DT 34823 1241 49 original original JJ 34823 1241 50 factors factor NNS 34823 1241 51 of of IN 34823 1241 52 production production NN 34823 1241 53 . . . 34823 1242 1 He -PRON- PRP 34823 1242 2 even even RB 34823 1242 3 speaks speak VBZ 34823 1242 4 of of IN 34823 1242 5 labor labor NN 34823 1242 6 as as IN 34823 1242 7 having have VBG 34823 1242 8 " " `` 34823 1242 9 utility utility NN 34823 1242 10 , , , 34823 1242 11 " " '' 34823 1242 12 whereas whereas IN 34823 1242 13 labor,[92 labor,[92 ADD 34823 1242 14 ] ] -RRB- 34823 1242 15 unless unless IN 34823 1242 16 used use VBN 34823 1242 17 in in IN 34823 1242 18 domestic domestic JJ 34823 1242 19 service service NN 34823 1242 20 , , , 34823 1242 21 has have VBZ 34823 1242 22 , , , 34823 1242 23 not not RB 34823 1242 24 utility utility NN 34823 1242 25 , , , 34823 1242 26 but but CC 34823 1242 27 only only RB 34823 1242 28 value value NN 34823 1242 29 . . . 34823 1243 1 In in IN 34823 1243 2 the the DT 34823 1243 3 marginal marginal JJ 34823 1243 4 utility utility NN 34823 1243 5 scheme scheme NN 34823 1243 6 above above IN 34823 1243 7 outlined outline VBD 34823 1243 8 there there EX 34823 1243 9 is be VBZ 34823 1243 10 no no DT 34823 1243 11 place place NN 34823 1243 12 for for IN 34823 1243 13 money money NN 34823 1243 14 , , , 34823 1243 15 on on IN 34823 1243 16 the the DT 34823 1243 17 assumptions assumption NNS 34823 1243 18 laid lay VBN 34823 1243 19 down down RP 34823 1243 20 . . . 34823 1244 1 It -PRON- PRP 34823 1244 2 is be VBZ 34823 1244 3 a a DT 34823 1244 4 scheme scheme NN 34823 1244 5 of of IN 34823 1244 6 barter barter NN 34823 1244 7 relations relation NNS 34823 1244 8 . . . 34823 1245 1 The the DT 34823 1245 2 utilities utility NNS 34823 1245 3 which which WDT 34823 1245 4 come come VBP 34823 1245 5 into into IN 34823 1245 6 equilibrium equilibrium NN 34823 1245 7 are be VBP 34823 1245 8 not not RB 34823 1245 9 subjective subjective JJ 34823 1245 10 - - HYPH 34823 1245 11 exchange exchange NN 34823 1245 12 - - HYPH 34823 1245 13 values value NNS 34823 1245 14 , , , 34823 1245 15 which which WDT 34823 1245 16 , , , 34823 1245 17 as as IN 34823 1245 18 Schumpeter Schumpeter NNP 34823 1245 19 , , , 34823 1245 20 with with IN 34823 1245 21 Wieser Wieser NNP 34823 1245 22 , , , 34823 1245 23 contends contend VBZ 34823 1245 24 , , , 34823 1245 25 are be VBP 34823 1245 26 the the DT 34823 1245 27 only only JJ 34823 1245 28 subjective subjective JJ 34823 1245 29 values value NNS 34823 1245 30 money money NN 34823 1245 31 has have VBZ 34823 1245 32 , , , 34823 1245 33 but but CC 34823 1245 34 are be VBP 34823 1245 35 real real RB 34823 1245 36 subjective subjective JJ 34823 1245 37 use use NN 34823 1245 38 values value NNS 34823 1245 39 -- -- : 34823 1245 40 marginal marginal JJ 34823 1245 41 utilities utility NNS 34823 1245 42 . . . 34823 1246 1 The the DT 34823 1246 2 scheme scheme NN 34823 1246 3 , , , 34823 1246 4 assuming assume VBG 34823 1246 5 as as IN 34823 1246 6 it -PRON- PRP 34823 1246 7 does do VBZ 34823 1246 8 , , , 34823 1246 9 perfect perfect VB 34823 1246 10 exchangeability exchangeability NN 34823 1246 11 of of IN 34823 1246 12 all all DT 34823 1246 13 goods good NNS 34823 1246 14 , , , 34823 1246 15 with with IN 34823 1246 16 infinitesimal infinitesimal JJ 34823 1246 17 increments increment NNS 34823 1246 18 in in IN 34823 1246 19 consumption consumption NN 34823 1246 20 , , , 34823 1246 21 has have VBZ 34823 1246 22 no no DT 34823 1246 23 place place NN 34823 1246 24 for for IN 34823 1246 25 money money NN 34823 1246 26 . . . 34823 1247 1 There there EX 34823 1247 2 really really RB 34823 1247 3 is be VBZ 34823 1247 4 no no DT 34823 1247 5 money money NN 34823 1247 6 service service NN 34823 1247 7 to to TO 34823 1247 8 be be VB 34823 1247 9 performed perform VBN 34823 1247 10 . . . 34823 1248 1 Schumpeter schumpeter NN 34823 1248 2 , , , 34823 1248 3 indeed indeed RB 34823 1248 4 , , , 34823 1248 5 speaks speak VBZ 34823 1248 6 of of IN 34823 1248 7 money money NN 34823 1248 8 as as IN 34823 1248 9 a a DT 34823 1248 10 mere mere JJ 34823 1248 11 " " `` 34823 1248 12 Schleier schlei JJR 34823 1248 13 , , , 34823 1248 14 " " '' 34823 1248 15 which which WDT 34823 1248 16 does do VBZ 34823 1248 17 not not RB 34823 1248 18 touch touch VB 34823 1248 19 the the DT 34823 1248 20 essence essence NN 34823 1248 21 of of IN 34823 1248 22 the the DT 34823 1248 23 phenomena phenomenon NNS 34823 1248 24 , , , 34823 1248 25 and and CC 34823 1248 26 such such JJ 34823 1248 27 it -PRON- PRP 34823 1248 28 is be VBZ 34823 1248 29 on on IN 34823 1248 30 his -PRON- PRP$ 34823 1248 31 assumptions assumption NNS 34823 1248 32 . . . 34823 1249 1 In in IN 34823 1249 2 a a DT 34823 1249 3 similar similar JJ 34823 1249 4 situation situation NN 34823 1249 5 , , , 34823 1249 6 Professor Professor NNP 34823 1249 7 Irving Irving NNP 34823 1249 8 Fisher Fisher NNP 34823 1249 9 gives give VBZ 34823 1249 10 up up RP 34823 1249 11 the the DT 34823 1249 12 effort effort NN 34823 1249 13 to to TO 34823 1249 14 find find VB 34823 1249 15 a a DT 34823 1249 16 psychological psychological JJ 34823 1249 17 explanation explanation NN 34823 1249 18 of of IN 34823 1249 19 the the DT 34823 1249 20 value value NN 34823 1249 21 of of IN 34823 1249 22 money,[93 money,[93 CD 34823 1249 23 ] ] -RRB- 34823 1249 24 and and CC 34823 1249 25 offers offer VBZ 34823 1249 26 the the DT 34823 1249 27 quantity quantity NN 34823 1249 28 theory theory NN 34823 1249 29 as as IN 34823 1249 30 a a DT 34823 1249 31 mechanical mechanical JJ 34823 1249 32 principle principle NN 34823 1249 33 , , , 34823 1249 34 additional additional JJ 34823 1249 35 to to IN 34823 1249 36 the the DT 34823 1249 37 psychological psychological JJ 34823 1249 38 barter barter NN 34823 1249 39 scheme scheme NN 34823 1249 40 . . . 34823 1250 1 Schumpeter schumpeter NN 34823 1250 2 , , , 34823 1250 3 however however RB 34823 1250 4 , , , 34823 1250 5 does do VBZ 34823 1250 6 lip lip VB 34823 1250 7 service service NN 34823 1250 8 still still RB 34823 1250 9 to to IN 34823 1250 10 the the DT 34823 1250 11 need need NN 34823 1250 12 for for IN 34823 1250 13 a a DT 34823 1250 14 psychological psychological JJ 34823 1250 15 explanation explanation NN 34823 1250 16 . . . 34823 1251 1 His -PRON- PRP$ 34823 1251 2 answer answer NN 34823 1251 3 runs run VBZ 34823 1251 4 in in IN 34823 1251 5 Wieser Wieser NNP 34823 1251 6 's 's POS 34823 1251 7 terms term NNS 34823 1251 8 -- -- : 34823 1251 9 indeed indeed RB 34823 1251 10 , , , 34823 1251 11 he -PRON- PRP 34823 1251 12 attributes attribute VBZ 34823 1251 13 it -PRON- PRP 34823 1251 14 to to IN 34823 1251 15 Wieser Wieser NNP 34823 1251 16 . . . 34823 1252 1 The the DT 34823 1252 2 _ _ NNP 34823 1252 3 Preis Preis NNP 34823 1252 4 _ _ NNP 34823 1252 5 of of IN 34823 1252 6 money[94]--Schumpeter money[94]--Schumpeter NNP 34823 1252 7 does do VBZ 34823 1252 8 not not RB 34823 1252 9 use use VB 34823 1252 10 Wieser Wieser NNP 34823 1252 11 's 's POS 34823 1252 12 absolute absolute JJ 34823 1252 13 value value NN 34823 1252 14 concept concept NN 34823 1252 15 , , , 34823 1252 16 but but CC 34823 1252 17 lets let VBZ 34823 1252 18 his -PRON- PRP$ 34823 1252 19 value value NN 34823 1252 20 of of IN 34823 1252 21 money money NN 34823 1252 22 run run VBN 34823 1252 23 in in IN 34823 1252 24 purely purely RB 34823 1252 25 relative relative JJ 34823 1252 26 terms term NNS 34823 1252 27 -- -- : 34823 1252 28 the the DT 34823 1252 29 price price NN 34823 1252 30 of of IN 34823 1252 31 money money NN 34823 1252 32 in in IN 34823 1252 33 goods good NNS 34823 1252 34 depends depend VBZ 34823 1252 35 on on IN 34823 1252 36 the the DT 34823 1252 37 subjective subjective JJ 34823 1252 38 value value NN 34823 1252 39 of of IN 34823 1252 40 money money NN 34823 1252 41 . . . 34823 1253 1 This this DT 34823 1253 2 subjective subjective JJ 34823 1253 3 value value NN 34823 1253 4 of of IN 34823 1253 5 money money NN 34823 1253 6 rests rest NNS 34823 1253 7 on on IN 34823 1253 8 the the DT 34823 1253 9 experience experience NN 34823 1253 10 of of IN 34823 1253 11 each each DT 34823 1253 12 individual individual NN 34823 1253 13 in in IN 34823 1253 14 making make VBG 34823 1253 15 purchases purchase NNS 34823 1253 16 -- -- : 34823 1253 17 rests rest NNS 34823 1253 18 on on IN 34823 1253 19 the the DT 34823 1253 20 prices price NNS 34823 1253 21 of of IN 34823 1253 22 consumption consumption NN 34823 1253 23 goods good NNS 34823 1253 24 , , , 34823 1253 25 determined determine VBN 34823 1253 26 by by IN 34823 1253 27 the the DT 34823 1253 28 relation relation NN 34823 1253 29 between between IN 34823 1253 30 real real JJ 34823 1253 31 income income NN 34823 1253 32 and and CC 34823 1253 33 money money NN 34823 1253 34 income income NN 34823 1253 35 . . . 34823 1254 1 The the DT 34823 1254 2 circle circle NN 34823 1254 3 is be VBZ 34823 1254 4 as as RB 34823 1254 5 clear clear JJ 34823 1254 6 as as IN 34823 1254 7 day day NN 34823 1254 8 . . . 34823 1255 1 Ludwig Ludwig NNP 34823 1255 2 von von NNP 34823 1255 3 Mises Mises NNP 34823 1255 4 sees see VBZ 34823 1255 5 this this DT 34823 1255 6 circle circle NN 34823 1255 7 , , , 34823 1255 8 and and CC 34823 1255 9 tries try VBZ 34823 1255 10 to to TO 34823 1255 11 avoid avoid VB 34823 1255 12 it -PRON- PRP 34823 1255 13 . . . 34823 1256 1 In in IN 34823 1256 2 von von NNP 34823 1256 3 Mises Mises NNP 34823 1256 4 there there EX 34823 1256 5 seem seem VBP 34823 1256 6 to to IN 34823 1256 7 me -PRON- PRP 34823 1256 8 to to TO 34823 1256 9 be be VB 34823 1256 10 very very RB 34823 1256 11 noteworthy noteworthy JJ 34823 1256 12 clarity clarity NN 34823 1256 13 and and CC 34823 1256 14 power power NN 34823 1256 15 . . . 34823 1257 1 His -PRON- PRP$ 34823 1257 2 _ _ NNP 34823 1257 3 Theorie Theorie NNP 34823 1257 4 des des FW 34823 1257 5 Geldes gelde NNS 34823 1257 6 und und RB 34823 1257 7 der der NN 34823 1257 8 Umlaufsmittel Umlaufsmittel NNP 34823 1257 9 _ _ NNP 34823 1257 10 is be VBZ 34823 1257 11 an an DT 34823 1257 12 exceptionally exceptionally RB 34823 1257 13 excellent excellent JJ 34823 1257 14 book book NN 34823 1257 15 . . . 34823 1258 1 Von Von NNP 34823 1258 2 Mises Mises NNP 34823 1258 3 has have VBZ 34823 1258 4 a a DT 34823 1258 5 very very RB 34823 1258 6 wide wide JJ 34823 1258 7 knowledge knowledge NN 34823 1258 8 of of IN 34823 1258 9 the the DT 34823 1258 10 literature literature NN 34823 1258 11 of of IN 34823 1258 12 the the DT 34823 1258 13 theory theory NN 34823 1258 14 of of IN 34823 1258 15 money money NN 34823 1258 16 . . . 34823 1259 1 He -PRON- PRP 34823 1259 2 has have VBZ 34823 1259 3 a a DT 34823 1259 4 keen keen JJ 34823 1259 5 insight insight NN 34823 1259 6 into into IN 34823 1259 7 the the DT 34823 1259 8 difficulties difficulty NNS 34823 1259 9 involved involve VBN 34823 1259 10 . . . 34823 1260 1 He -PRON- PRP 34823 1260 2 recognizes recognize VBZ 34823 1260 3 fully fully RB 34823 1260 4 that that DT 34823 1260 5 , , , 34823 1260 6 so so RB 34823 1260 7 far far RB 34823 1260 8 , , , 34823 1260 9 the the DT 34823 1260 10 utility utility NN 34823 1260 11 school school NN 34823 1260 12 has have VBZ 34823 1260 13 failed fail VBN 34823 1260 14 to to TO 34823 1260 15 solve solve VB 34823 1260 16 the the DT 34823 1260 17 problem problem NN 34823 1260 18 ( ( -LRB- 34823 1260 19 119 119 CD 34823 1260 20 - - SYM 34823 1260 21 120 120 CD 34823 1260 22 ) ) -RRB- 34823 1260 23 . . . 34823 1261 1 His -PRON- PRP$ 34823 1261 2 theory theory NN 34823 1261 3 is be VBZ 34823 1261 4 as as IN 34823 1261 5 follows follow VBZ 34823 1261 6 : : : 34823 1261 7 Individual individual JJ 34823 1261 8 valuations valuation NNS 34823 1261 9 ( ( -LRB- 34823 1261 10 93 93 CD 34823 1261 11 ) ) -RRB- 34823 1261 12 constitute constitute VBP 34823 1261 13 the the DT 34823 1261 14 basis basis NN 34823 1261 15 of of IN 34823 1261 16 the the DT 34823 1261 17 objective objective JJ 34823 1261 18 exchange exchange NN 34823 1261 19 value value NN 34823 1261 20 of of IN 34823 1261 21 money money NN 34823 1261 22 . . . 34823 1262 1 But but CC 34823 1262 2 while while IN 34823 1262 3 for for IN 34823 1262 4 other other JJ 34823 1262 5 goods good NNS 34823 1262 6 , , , 34823 1262 7 subjective subjective JJ 34823 1262 8 use use NN 34823 1262 9 - - HYPH 34823 1262 10 value value NN 34823 1262 11 and and CC 34823 1262 12 subjective subjective JJ 34823 1262 13 exchange exchange NN 34823 1262 14 - - HYPH 34823 1262 15 value value NN 34823 1262 16 are be VBP 34823 1262 17 different different JJ 34823 1262 18 concepts concept NNS 34823 1262 19 , , , 34823 1262 20 for for IN 34823 1262 21 money money NN 34823 1262 22 the the DT 34823 1262 23 two two CD 34823 1262 24 coincide coincide NN 34823 1262 25 , , , 34823 1262 26 and and CC 34823 1262 27 both both DT 34823 1262 28 rest rest VB 34823 1262 29 on on IN 34823 1262 30 the the DT 34823 1262 31 objective objective JJ 34823 1262 32 value value NN 34823 1262 33 of of IN 34823 1262 34 money money NN 34823 1262 35 ( ( -LRB- 34823 1262 36 94 94 CD 34823 1262 37 ) ) -RRB- 34823 1262 38 . . . 34823 1263 1 This this DT 34823 1263 2 seems seem VBZ 34823 1263 3 to to TO 34823 1263 4 be be VB 34823 1263 5 our -PRON- PRP$ 34823 1263 6 old old JJ 34823 1263 7 circle circle NN 34823 1263 8 in in IN 34823 1263 9 unmistakable unmistakable JJ 34823 1263 10 form form NN 34823 1263 11 , , , 34823 1263 12 but but CC 34823 1263 13 Mises Mises NNP 34823 1263 14 thinks think VBZ 34823 1263 15 he -PRON- PRP 34823 1263 16 has have VBZ 34823 1263 17 an an DT 34823 1263 18 escape escape NN 34823 1263 19 , , , 34823 1263 20 as as IN 34823 1263 21 will will MD 34823 1263 22 later later RB 34823 1263 23 appear appear VB 34823 1263 24 . . . 34823 1264 1 No no DT 34823 1264 2 function function NN 34823 1264 3 of of IN 34823 1264 4 money money NN 34823 1264 5 is be VBZ 34823 1264 6 thinkable thinkable JJ 34823 1264 7 which which WDT 34823 1264 8 does do VBZ 34823 1264 9 not not RB 34823 1264 10 rest rest VB 34823 1264 11 on on IN 34823 1264 12 its -PRON- PRP$ 34823 1264 13 objective objective JJ 34823 1264 14 exchange exchange NN 34823 1264 15 value value NN 34823 1264 16 . . . 34823 1265 1 The the DT 34823 1265 2 subjective subjective JJ 34823 1265 3 value value NN 34823 1265 4 of of IN 34823 1265 5 money money NN 34823 1265 6 rests rest NNS 34823 1265 7 on on IN 34823 1265 8 the the DT 34823 1265 9 subjective subjective JJ 34823 1265 10 use use NN 34823 1265 11 - - HYPH 34823 1265 12 values value NNS 34823 1265 13 of of IN 34823 1265 14 the the DT 34823 1265 15 goods good NNS 34823 1265 16 for for IN 34823 1265 17 which which WDT 34823 1265 18 it -PRON- PRP 34823 1265 19 can can MD 34823 1265 20 be be VB 34823 1265 21 exchanged exchange VBN 34823 1265 22 ( ( -LRB- 34823 1265 23 95 95 CD 34823 1265 24 ) ) -RRB- 34823 1265 25 . . . 34823 1266 1 Money money NN 34823 1266 2 , , , 34823 1266 3 at at IN 34823 1266 4 the the DT 34823 1266 5 beginning beginning NN 34823 1266 6 of of IN 34823 1266 7 its -PRON- PRP$ 34823 1266 8 money money NN 34823 1266 9 - - HYPH 34823 1266 10 functioning function VBG 34823 1266 11 , , , 34823 1266 12 must must MD 34823 1266 13 have have VB 34823 1266 14 objective objective JJ 34823 1266 15 exchange exchange NN 34823 1266 16 value value NN 34823 1266 17 from from IN 34823 1266 18 other other JJ 34823 1266 19 causes cause NNS 34823 1266 20 than than IN 34823 1266 21 its -PRON- PRP$ 34823 1266 22 money money NN 34823 1266 23 - - HYPH 34823 1266 24 function function NN 34823 1266 25 , , , 34823 1266 26 but but CC 34823 1266 27 it -PRON- PRP 34823 1266 28 can can MD 34823 1266 29 remain remain VB 34823 1266 30 valuable valuable JJ 34823 1266 31 , , , 34823 1266 32 even even RB 34823 1266 33 though though IN 34823 1266 34 these these DT 34823 1266 35 causes cause NNS 34823 1266 36 fall fall VBP 34823 1266 37 away away RB 34823 1266 38 , , , 34823 1266 39 exclusively exclusively RB 34823 1266 40 through through IN 34823 1266 41 its -PRON- PRP$ 34823 1266 42 function function NN 34823 1266 43 as as IN 34823 1266 44 general general JJ 34823 1266 45 instrument instrument NN 34823 1266 46 of of IN 34823 1266 47 exchange exchange NN 34823 1266 48 ( ( -LRB- 34823 1266 49 111 111 CD 34823 1266 50 ) ) -RRB- 34823 1266 51 . . . 34823 1267 1 He -PRON- PRP 34823 1267 2 gives give VBZ 34823 1267 3 no no DT 34823 1267 4 argument argument NN 34823 1267 5 in in IN 34823 1267 6 support support NN 34823 1267 7 of of IN 34823 1267 8 this this DT 34823 1267 9 contention contention NN 34823 1267 10 , , , 34823 1267 11 but but CC 34823 1267 12 refers refer VBZ 34823 1267 13 with with IN 34823 1267 14 approval approval NN 34823 1267 15 to to IN 34823 1267 16 Wieser Wieser NNP 34823 1267 17 ( ( -LRB- 34823 1267 18 _ _ NNP 34823 1267 19 loc loc NNP 34823 1267 20 . . . 34823 1268 1 cit cit NNP 34823 1268 2 . . . 34823 1268 3 _ _ NNP 34823 1268 4 ) ) -RRB- 34823 1268 5 , , , 34823 1268 6 and and CC 34823 1268 7 to to IN 34823 1268 8 Simmel Simmel NNP 34823 1268 9 ( ( -LRB- 34823 1268 10 _ _ NNP 34823 1268 11 Philosophie Philosophie NNP 34823 1268 12 des des NNP 34823 1268 13 Geldes Geldes NNP 34823 1268 14 _ _ NNP 34823 1268 15 , , , 34823 1268 16 115ff 115ff NNP 34823 1268 17 . . . 34823 1268 18 ) ) -RRB- 34823 1268 19 . . . 34823 1269 1 Hence hence RB 34823 1269 2 , , , 34823 1269 3 the the DT 34823 1269 4 important important JJ 34823 1269 5 consequence consequence NN 34823 1269 6 that that IN 34823 1269 7 in in IN 34823 1269 8 the the DT 34823 1269 9 value value NN 34823 1269 10 of of IN 34823 1269 11 money money NN 34823 1269 12 of of IN 34823 1269 13 to to IN 34823 1269 14 - - HYPH 34823 1269 15 day day NN 34823 1269 16 a a DT 34823 1269 17 historical historical JJ 34823 1269 18 component component NN 34823 1269 19 is be VBZ 34823 1269 20 contained contain VBN 34823 1269 21 . . . 34823 1270 1 Herein Herein NNP 34823 1270 2 is be VBZ 34823 1270 3 to to TO 34823 1270 4 be be VB 34823 1270 5 found find VBN 34823 1270 6 a a DT 34823 1270 7 fundamental fundamental JJ 34823 1270 8 contrast contrast NN 34823 1270 9 between between IN 34823 1270 10 the the DT 34823 1270 11 value value NN 34823 1270 12 of of IN 34823 1270 13 money money NN 34823 1270 14 and and CC 34823 1270 15 the the DT 34823 1270 16 values value NNS 34823 1270 17 of of IN 34823 1270 18 other other JJ 34823 1270 19 goods good NNS 34823 1270 20 ( ( -LRB- 34823 1270 21 119 119 CD 34823 1270 22 - - SYM 34823 1270 23 120 120 CD 34823 1270 24 . . . 34823 1270 25 ) ) -RRB- 34823 1270 26 . . . 34823 1271 1 The the DT 34823 1271 2 individual individual JJ 34823 1271 3 valuation valuation NN 34823 1271 4 of of IN 34823 1271 5 money money NN 34823 1271 6 rests rest NNS 34823 1271 7 on on IN 34823 1271 8 the the DT 34823 1271 9 objective objective JJ 34823 1271 10 exchange exchange NN 34823 1271 11 value value NN 34823 1271 12 of of IN 34823 1271 13 money money NN 34823 1271 14 of of IN 34823 1271 15 _ _ NNP 34823 1271 16 yesterday yesterday NN 34823 1271 17 _ _ NNP 34823 1271 18 . . . 34823 1272 1 This this DT 34823 1272 2 individual individual JJ 34823 1272 3 value value NN 34823 1272 4 of of IN 34823 1272 5 money money NN 34823 1272 6 is be VBZ 34823 1272 7 the the DT 34823 1272 8 explanation explanation NN 34823 1272 9 , , , 34823 1272 10 on on IN 34823 1272 11 the the DT 34823 1272 12 money money NN 34823 1272 13 side side NN 34823 1272 14 , , , 34823 1272 15 of of IN 34823 1272 16 the the DT 34823 1272 17 objective objective JJ 34823 1272 18 value value NN 34823 1272 19 of of IN 34823 1272 20 money money NN 34823 1272 21 of of IN 34823 1272 22 to to IN 34823 1272 23 - - HYPH 34823 1272 24 day day NN 34823 1272 25 . . . 34823 1273 1 Going go VBG 34823 1273 2 back back RB 34823 1273 3 , , , 34823 1273 4 step step NN 34823 1273 5 by by IN 34823 1273 6 step step NN 34823 1273 7 , , , 34823 1273 8 you -PRON- PRP 34823 1273 9 come come VBP 34823 1273 10 ultimately ultimately RB 34823 1273 11 to to IN 34823 1273 12 the the DT 34823 1273 13 subjective subjective JJ 34823 1273 14 use use NN 34823 1273 15 - - HYPH 34823 1273 16 value value NN 34823 1273 17 of of IN 34823 1273 18 the the DT 34823 1273 19 money money NN 34823 1273 20 - - HYPH 34823 1273 21 stuff stuff NN 34823 1273 22 in in IN 34823 1273 23 its -PRON- PRP$ 34823 1273 24 non non JJ 34823 1273 25 - - JJ 34823 1273 26 monetary monetary JJ 34823 1273 27 employment employment NN 34823 1273 28 -- -- : 34823 1273 29 a a DT 34823 1273 30 temporal temporal JJ 34823 1273 31 _ _ NNP 34823 1273 32 regressus regressus NN 34823 1273 33 _ _ NNP 34823 1273 34 . . . 34823 1274 1 This this DT 34823 1274 2 opens open VBZ 34823 1274 3 the the DT 34823 1274 4 way way NN 34823 1274 5 to to IN 34823 1274 6 a a DT 34823 1274 7 theory theory NN 34823 1274 8 of of IN 34823 1274 9 the the DT 34823 1274 10 value value NN 34823 1274 11 of of IN 34823 1274 12 money money NN 34823 1274 13 based base VBN 34823 1274 14 on on IN 34823 1274 15 marginal marginal JJ 34823 1274 16 utility utility NN 34823 1274 17 . . . 34823 1275 1 This this DT 34823 1275 2 avoids avoid VBZ 34823 1275 3 the the DT 34823 1275 4 circle circle NN 34823 1275 5 of of IN 34823 1275 6 explaining explain VBG 34823 1275 7 the the DT 34823 1275 8 objective objective JJ 34823 1275 9 value value NN 34823 1275 10 of of IN 34823 1275 11 money money NN 34823 1275 12 of of IN 34823 1275 13 to to IN 34823 1275 14 - - HYPH 34823 1275 15 day day NN 34823 1275 16 by by IN 34823 1275 17 the the DT 34823 1275 18 subjective subjective JJ 34823 1275 19 exchange exchange NN 34823 1275 20 value value NN 34823 1275 21 of of IN 34823 1275 22 money money NN 34823 1275 23 of of IN 34823 1275 24 to to IN 34823 1275 25 - - HYPH 34823 1275 26 day day NN 34823 1275 27 , , , 34823 1275 28 which which WDT 34823 1275 29 in in IN 34823 1275 30 turn turn NN 34823 1275 31 rests rest VBZ 34823 1275 32 on on IN 34823 1275 33 the the DT 34823 1275 34 contemporary contemporary JJ 34823 1275 35 objective objective JJ 34823 1275 36 value value NN 34823 1275 37 of of IN 34823 1275 38 money money NN 34823 1275 39 . . . 34823 1276 1 I -PRON- PRP 34823 1276 2 find find VBP 34823 1276 3 this this DT 34823 1276 4 particularly particularly RB 34823 1276 5 interesting interesting JJ 34823 1276 6 , , , 34823 1276 7 since since IN 34823 1276 8 it -PRON- PRP 34823 1276 9 employs employ VBZ 34823 1276 10 a a DT 34823 1276 11 device device NN 34823 1276 12 which which WDT 34823 1276 13 had have VBD 34823 1276 14 once once RB 34823 1276 15 suggested suggest VBN 34823 1276 16 itself -PRON- PRP 34823 1276 17 to to IN 34823 1276 18 me -PRON- PRP 34823 1276 19 as as IN 34823 1276 20 a a DT 34823 1276 21 means means NN 34823 1276 22 of of IN 34823 1276 23 escape escape NN 34823 1276 24 from from IN 34823 1276 25 the the DT 34823 1276 26 Austrian austrian JJ 34823 1276 27 circle circle NN 34823 1276 28 , , , 34823 1276 29 but but CC 34823 1276 30 which which WDT 34823 1276 31 reflection reflection NN 34823 1276 32 led lead VBD 34823 1276 33 me -PRON- PRP 34823 1276 34 to to TO 34823 1276 35 abandon abandon VB 34823 1276 36 . . . 34823 1277 1 I -PRON- PRP 34823 1277 2 have have VBP 34823 1277 3 discussed discuss VBN 34823 1277 4 the the DT 34823 1277 5 whole whole JJ 34823 1277 6 matter matter NN 34823 1277 7 in in IN 34823 1277 8 my -PRON- PRP$ 34823 1277 9 _ _ NNP 34823 1277 10 Social Social NNP 34823 1277 11 Value Value NNP 34823 1277 12 _ _ NNP 34823 1277 13 , , , 34823 1277 14 and and CC 34823 1277 15 therefore therefore RB 34823 1277 16 venture venture VBP 34823 1277 17 a a DT 34823 1277 18 quotation quotation NN 34823 1277 19 from from IN 34823 1277 20 that that DT 34823 1277 21 book book NN 34823 1277 22 . . . 34823 1278 1 [ [ -LRB- 34823 1278 2 95 95 CD 34823 1278 3 ] ] -RRB- 34823 1278 4 " " `` 34823 1278 5 How how WRB 34823 1278 6 are be VBP 34823 1278 7 we -PRON- PRP 34823 1278 8 to to TO 34823 1278 9 get get VB 34823 1278 10 out out IN 34823 1278 11 of of IN 34823 1278 12 our -PRON- PRP$ 34823 1278 13 circle:[96 circle:[96 NNS 34823 1278 14 ] ] -RRB- 34823 1278 15 The the DT 34823 1278 16 value value NN 34823 1278 17 of of IN 34823 1278 18 a a DT 34823 1278 19 good good JJ 34823 1278 20 , , , 34823 1278 21 A a NN 34823 1278 22 , , , 34823 1278 23 depends depend VBZ 34823 1278 24 , , , 34823 1278 25 in in IN 34823 1278 26 part part NN 34823 1278 27 , , , 34823 1278 28 upon upon IN 34823 1278 29 the the DT 34823 1278 30 value value NN 34823 1278 31 embodied embody VBN 34823 1278 32 in in IN 34823 1278 33 the the DT 34823 1278 34 goods good NNS 34823 1278 35 , , , 34823 1278 36 B B NNP 34823 1278 37 , , , 34823 1278 38 C C NNP 34823 1278 39 , , , 34823 1278 40 and and CC 34823 1278 41 D d NN 34823 1278 42 , , , 34823 1278 43 possessed possess VBN 34823 1278 44 by by IN 34823 1278 45 the the DT 34823 1278 46 persons person NNS 34823 1278 47 for for IN 34823 1278 48 whom whom WP 34823 1278 49 good good JJ 34823 1278 50 A a DT 34823 1278 51 has have VBZ 34823 1278 52 ' ' POS 34823 1278 53 utility utility NN 34823 1278 54 , , , 34823 1278 55 ' ' '' 34823 1278 56 and and CC 34823 1278 57 whose whose WP$ 34823 1278 58 ' ' `` 34823 1278 59 effective effective JJ 34823 1278 60 demand demand NN 34823 1278 61 ' ' '' 34823 1278 62 is be VBZ 34823 1278 63 a a DT 34823 1278 64 _ _ NNP 34823 1278 65 sine sine NN 34823 1278 66 qua qua NN 34823 1278 67 non non AFX 34823 1278 68 _ _ NNP 34823 1278 69 of of IN 34823 1278 70 A A NNP 34823 1278 71 's 's POS 34823 1278 72 value value NN 34823 1278 73 ? ? . 34823 1279 1 The the DT 34823 1279 2 most most RBS 34823 1279 3 convenient convenient JJ 34823 1279 4 point point NN 34823 1279 5 of of IN 34823 1279 6 departure departure NN 34823 1279 7 seems seem VBZ 34823 1279 8 to to TO 34823 1279 9 be be VB 34823 1279 10 the the DT 34823 1279 11 simple simple JJ 34823 1279 12 situation situation NN 34823 1279 13 which which WDT 34823 1279 14 Wieser Wieser NNP 34823 1279 15 has have VBZ 34823 1279 16 assumed assume VBN 34823 1279 17 in in IN 34823 1279 18 his -PRON- PRP$ 34823 1279 19 _ _ NNP 34823 1279 20 Natural Natural NNP 34823 1279 21 Value._[97 Value._[97 NNP 34823 1279 22 ] ] -RRB- 34823 1279 23 Here here RB 34823 1279 24 the the DT 34823 1279 25 ' ' `` 34823 1279 26 artificial artificial JJ 34823 1279 27 ' ' '' 34823 1279 28 complications complication NNS 34823 1279 29 due due JJ 34823 1279 30 to to IN 34823 1279 31 private private JJ 34823 1279 32 property property NN 34823 1279 33 and and CC 34823 1279 34 to to IN 34823 1279 35 the the DT 34823 1279 36 difference difference NN 34823 1279 37 between between IN 34823 1279 38 rich rich JJ 34823 1279 39 and and CC 34823 1279 40 poor poor JJ 34823 1279 41 are be VBP 34823 1279 42 gone go VBN 34823 1279 43 , , , 34823 1279 44 and and CC 34823 1279 45 only only RB 34823 1279 46 ' ' `` 34823 1279 47 marginal marginal JJ 34823 1279 48 utility utility NN 34823 1279 49 ' ' '' 34823 1279 50 is be VBZ 34823 1279 51 left leave VBN 34823 1279 52 as as IN 34823 1279 53 a a DT 34823 1279 54 regulator regulator NN 34823 1279 55 of of IN 34823 1279 56 values value NNS 34823 1279 57 . . . 34823 1280 1 But but CC 34823 1280 2 what what WP 34823 1280 3 about about IN 34823 1280 4 value value NN 34823 1280 5 in in IN 34823 1280 6 a a DT 34823 1280 7 situation situation NN 34823 1280 8 where where WRB 34823 1280 9 there there EX 34823 1280 10 are be VBP 34823 1280 11 differences difference NNS 34823 1280 12 in in IN 34823 1280 13 ' ' `` 34823 1280 14 purchasing purchasing NN 34823 1280 15 power power NN 34823 1280 16 ' ' '' 34823 1280 17 ? ? . 34823 1281 1 How how WRB 34823 1281 2 assimilate assimilate JJ 34823 1281 3 the the DT 34823 1281 4 one one CD 34823 1281 5 situation situation NN 34823 1281 6 to to IN 34823 1281 7 the the DT 34823 1281 8 other other JJ 34823 1281 9 ? ? . 34823 1282 1 " " `` 34823 1282 2 A a DT 34823 1282 3 _ _ NNP 34823 1282 4 temporal temporal JJ 34823 1282 5 regressus regressus NN 34823 1282 6 _ _ NNP 34823 1282 7 , , , 34823 1282 8 back back RB 34823 1282 9 to to IN 34823 1282 10 the the DT 34823 1282 11 first first JJ 34823 1282 12 piece piece NN 34823 1282 13 of of IN 34823 1282 14 wealth wealth NN 34823 1282 15 , , , 34823 1282 16 which which WDT 34823 1282 17 , , , 34823 1282 18 we -PRON- PRP 34823 1282 19 might may MD 34823 1282 20 assume assume VB 34823 1282 21 , , , 34823 1282 22 depended depend VBD 34823 1282 23 for for IN 34823 1282 24 its -PRON- PRP$ 34823 1282 25 value value NN 34823 1282 26 solely solely RB 34823 1282 27 upon upon IN 34823 1282 28 the the DT 34823 1282 29 facts fact NNS 34823 1282 30 of of IN 34823 1282 31 utility utility NN 34823 1282 32 and and CC 34823 1282 33 scarcity scarcity NN 34823 1282 34 , , , 34823 1282 35 and and CC 34823 1282 36 the the DT 34823 1282 37 existence existence NN 34823 1282 38 of of IN 34823 1282 39 which which WDT 34823 1282 40 furnished furnish VBD 34823 1282 41 the the DT 34823 1282 42 first first JJ 34823 1282 43 ' ' `` 34823 1282 44 purchasing purchasing NN 34823 1282 45 power power NN 34823 1282 46 ' ' '' 34823 1282 47 that that WDT 34823 1282 48 upset upset VBD 34823 1282 49 the the DT 34823 1282 50 order order NN 34823 1282 51 of of IN 34823 1282 52 ' ' `` 34823 1282 53 natural natural JJ 34823 1282 54 value value NN 34823 1282 55 , , , 34823 1282 56 ' ' '' 34823 1282 57 might may MD 34823 1282 58 be be VB 34823 1282 59 interesting interesting JJ 34823 1282 60 , , , 34823 1282 61 but but CC 34823 1282 62 certainly certainly RB 34823 1282 63 would would MD 34823 1282 64 not not RB 34823 1282 65 be be VB 34823 1282 66 convincing convincing JJ 34823 1282 67 . . . 34823 1283 1 In in IN 34823 1283 2 the the DT 34823 1283 3 first first JJ 34823 1283 4 place place NN 34823 1283 5 , , , 34823 1283 6 there there EX 34823 1283 7 is be VBZ 34823 1283 8 no no DT 34823 1283 9 unbroken unbroken JJ 34823 1283 10 sequence sequence NN 34823 1283 11 of of IN 34823 1283 12 uninterrupted uninterrupted JJ 34823 1283 13 economic economic JJ 34823 1283 14 causation causation NN 34823 1283 15 from from IN 34823 1283 16 that that DT 34823 1283 17 far far RB 34823 1283 18 away away RB 34823 1283 19 hypothetical hypothetical JJ 34823 1283 20 day day NN 34823 1283 21 to to IN 34823 1283 22 the the DT 34823 1283 23 present present NN 34823 1283 24 , , , 34823 1283 25 in in IN 34823 1283 26 the the DT 34823 1283 27 course course NN 34823 1283 28 of of IN 34823 1283 29 which which WDT 34823 1283 30 that that DT 34823 1283 31 original original JJ 34823 1283 32 quantity quantity NN 34823 1283 33 of of IN 34823 1283 34 value value NN 34823 1283 35 has have VBZ 34823 1283 36 exerted exert VBN 34823 1283 37 its -PRON- PRP$ 34823 1283 38 influence influence NN 34823 1283 39 . . . 34823 1284 1 The the DT 34823 1284 2 present present JJ 34823 1284 3 situation situation NN 34823 1284 4 does do VBZ 34823 1284 5 not not RB 34823 1284 6 differ differ VB 34823 1284 7 from from IN 34823 1284 8 Wieser Wieser NNP 34823 1284 9 's 's POS 34823 1284 10 situation situation NN 34823 1284 11 simply simply RB 34823 1284 12 in in IN 34823 1284 13 the the DT 34823 1284 14 fact fact NN 34823 1284 15 that that IN 34823 1284 16 some some DT 34823 1284 17 , , , 34823 1284 18 more more RBR 34823 1284 19 provident provident JJ 34823 1284 20 than than IN 34823 1284 21 others other NNS 34823 1284 22 , , , 34823 1284 23 have have VBP 34823 1284 24 saved save VBN 34823 1284 25 where where WRB 34823 1284 26 others other NNS 34823 1284 27 have have VBP 34823 1284 28 consumed consume VBN 34823 1284 29 , , , 34823 1284 30 have have VBP 34823 1284 31 been be VBN 34823 1284 32 industrious industrious JJ 34823 1284 33 where where WRB 34823 1284 34 others other NNS 34823 1284 35 have have VBP 34823 1284 36 been be VBN 34823 1284 37 idle idle JJ 34823 1284 38 , , , 34823 1284 39 and and CC 34823 1284 40 so so RB 34823 1284 41 have have VBP 34823 1284 42 accumulated accumulate VBN 34823 1284 43 a a DT 34823 1284 44 surplus surplus NN 34823 1284 45 of of IN 34823 1284 46 value value NN 34823 1284 47 , , , 34823 1284 48 which which WDT 34823 1284 49 , , , 34823 1284 50 used use VBD 34823 1284 51 to to TO 34823 1284 52 back back VB 34823 1284 53 their -PRON- PRP$ 34823 1284 54 desires desire NNS 34823 1284 55 , , , 34823 1284 56 makes make VBZ 34823 1284 57 the the DT 34823 1284 58 wants want NNS 34823 1284 59 of of IN 34823 1284 60 the the DT 34823 1284 61 industrious industrious JJ 34823 1284 62 and and CC 34823 1284 63 provident provident JJ 34823 1284 64 count count NN 34823 1284 65 for for IN 34823 1284 66 more more JJR 34823 1284 67 than than IN 34823 1284 68 the the DT 34823 1284 69 wants want NNS 34823 1284 70 of of IN 34823 1284 71 others other NNS 34823 1284 72 . . . 34823 1285 1 And and CC 34823 1285 2 even even RB 34823 1285 3 if if IN 34823 1285 4 these these DT 34823 1285 5 were be VBD 34823 1285 6 the the DT 34823 1285 7 only only JJ 34823 1285 8 differences difference NNS 34823 1285 9 , , , 34823 1285 10 it -PRON- PRP 34823 1285 11 is be VBZ 34823 1285 12 to to TO 34823 1285 13 be be VB 34823 1285 14 noted note VBN 34823 1285 15 that that IN 34823 1285 16 private private JJ 34823 1285 17 property property NN 34823 1285 18 has have VBZ 34823 1285 19 somehow somehow RB 34823 1285 20 crept creep VBN 34823 1285 21 in in RB 34823 1285 22 in in IN 34823 1285 23 the the DT 34823 1285 24 interval interval NN 34823 1285 25 , , , 34823 1285 26 for for IN 34823 1285 27 Wieser Wieser NNP 34823 1285 28 's 's POS 34823 1285 29 was be VBD 34823 1285 30 a a DT 34823 1285 31 communistic communistic JJ 34823 1285 32 society society NN 34823 1285 33 . . . 34823 1286 1 And and CC 34823 1286 2 further far RBR 34823 1286 3 , , , 34823 1286 4 an an DT 34823 1286 5 emotion emotion NN 34823 1286 6 felt feel VBD 34823 1286 7 ten ten CD 34823 1286 8 thousand thousand CD 34823 1286 9 years year NNS 34823 1286 10 ago ago RB 34823 1286 11 could could MD 34823 1286 12 scarcely scarcely RB 34823 1286 13 have have VB 34823 1286 14 any any DT 34823 1286 15 very very RB 34823 1286 16 direct direct JJ 34823 1286 17 or or CC 34823 1286 18 certain certain JJ 34823 1286 19 quantitative quantitative JJ 34823 1286 20 connection connection NN 34823 1286 21 with with IN 34823 1286 22 value value NN 34823 1286 23 in in IN 34823 1286 24 the the DT 34823 1286 25 market market NN 34823 1286 26 to to NN 34823 1286 27 - - HYPH 34823 1286 28 day day NN 34823 1286 29 . . . 34823 1287 1 Even even RB 34823 1287 2 if if IN 34823 1287 3 there there EX 34823 1287 4 had have VBD 34823 1287 5 been be VBN 34823 1287 6 no no DT 34823 1287 7 ' ' `` 34823 1287 8 disturbing disturb VBG 34823 1287 9 factors factor NNS 34823 1287 10 ' ' '' 34823 1287 11 of of IN 34823 1287 12 a a DT 34823 1287 13 non non JJ 34823 1287 14 - - JJ 34823 1287 15 economic economic JJ 34823 1287 16 sort sort NN 34823 1287 17 , , , 34823 1287 18 the the DT 34823 1287 19 process process NN 34823 1287 20 of of IN 34823 1287 21 ' ' `` 34823 1287 22 economic economic JJ 34823 1287 23 causation causation NN 34823 1287 24 ' ' '' 34823 1287 25 could could MD 34823 1287 26 not not RB 34823 1287 27 have have VB 34823 1287 28 carried carry VBN 34823 1287 29 a a DT 34823 1287 30 value value NN 34823 1287 31 so so RB 34823 1287 32 far far RB 34823 1287 33 . . . 34823 1288 1 It -PRON- PRP 34823 1288 2 is be VBZ 34823 1288 3 the the DT 34823 1288 4 living live VBG 34823 1288 5 emotion emotion NN 34823 1288 6 that that IN 34823 1288 7 counts count VBZ 34823 1288 8 ! ! . 34823 1289 1 Values value NNS 34823 1289 2 depend depend VBP 34823 1289 3 every every DT 34823 1289 4 moment moment NN 34823 1289 5 upon upon IN 34823 1289 6 the the DT 34823 1289 7 force force NN 34823 1289 8 of of IN 34823 1289 9 live live JJ 34823 1289 10 minds mind NNS 34823 1289 11 , , , 34823 1289 12 and and CC 34823 1289 13 need need VBP 34823 1289 14 to to TO 34823 1289 15 be be VB 34823 1289 16 constantly constantly RB 34823 1289 17 renewed renew VBN 34823 1289 18 . . . 34823 1290 1 And and CC 34823 1290 2 there there EX 34823 1290 3 would would MD 34823 1290 4 have have VB 34823 1290 5 been be VBN 34823 1290 6 , , , 34823 1290 7 of of IN 34823 1290 8 course course NN 34823 1290 9 , , , 34823 1290 10 many many JJ 34823 1290 11 ' ' `` 34823 1290 12 non non JJ 34823 1290 13 - - JJ 34823 1290 14 economic economic JJ 34823 1290 15 ' ' '' 34823 1290 16 disturbances disturbance NNS 34823 1290 17 , , , 34823 1290 18 wars war NNS 34823 1290 19 and and CC 34823 1290 20 robberies robbery NNS 34823 1290 21 , , , 34823 1290 22 frauds fraud NNS 34823 1290 23 and and CC 34823 1290 24 benevolences benevolence NNS 34823 1290 25 , , , 34823 1290 26 political political JJ 34823 1290 27 and and CC 34823 1290 28 religious religious JJ 34823 1290 29 changes change NNS 34823 1290 30 -- -- : 34823 1290 31 a a DT 34823 1290 32 host host NN 34823 1290 33 of of IN 34823 1290 34 historical historical JJ 34823 1290 35 occurrences occurrence NNS 34823 1290 36 affecting affect VBG 34823 1290 37 the the DT 34823 1290 38 weight weight NN 34823 1290 39 of of IN 34823 1290 40 different different JJ 34823 1290 41 elements element NNS 34823 1290 42 in in IN 34823 1290 43 society society NN 34823 1290 44 in in IN 34823 1290 45 a a DT 34823 1290 46 way way NN 34823 1290 47 that that IN 34823 1290 48 , , , 34823 1290 49 by by IN 34823 1290 50 historical historical JJ 34823 1290 51 methods method NNS 34823 1290 52 , , , 34823 1290 53 it -PRON- PRP 34823 1290 54 is be VBZ 34823 1290 55 impossible impossible JJ 34823 1290 56 to to TO 34823 1290 57 treat treat VB 34823 1290 58 quantitatively quantitatively RB 34823 1290 59 . . . 34823 1291 1 [ [ -LRB- 34823 1291 2 98 98 CD 34823 1291 3 ] ] -RRB- 34823 1291 4 " " `` 34823 1291 5 What what WP 34823 1291 6 is be VBZ 34823 1291 7 called call VBN 34823 1291 8 for for IN 34823 1291 9 is be VBZ 34823 1291 10 , , , 34823 1291 11 not not RB 34823 1291 12 a a DT 34823 1291 13 temporal temporal JJ 34823 1291 14 _ _ NNP 34823 1291 15 regressus regressus NN 34823 1291 16 _ _ NNP 34823 1291 17 , , , 34823 1291 18 which which WDT 34823 1291 19 , , , 34823 1291 20 starting start VBG 34823 1291 21 with with IN 34823 1291 22 an an DT 34823 1291 23 hypothesis hypothesis NN 34823 1291 24 , , , 34823 1291 25 picks pick VBZ 34823 1291 26 up up RP 34823 1291 27 abstractions abstraction NNS 34823 1291 28 by by IN 34823 1291 29 the the DT 34823 1291 30 way way NN 34823 1291 31 , , , 34823 1291 32 and and CC 34823 1291 33 tries try VBZ 34823 1291 34 to to TO 34823 1291 35 synthesize synthesize VB 34823 1291 36 them -PRON- PRP 34823 1291 37 into into IN 34823 1291 38 a a DT 34823 1291 39 concrete concrete JJ 34823 1291 40 reality reality NN 34823 1291 41 of of IN 34823 1291 42 to to IN 34823 1291 43 - - HYPH 34823 1291 44 day day NN 34823 1291 45 , , , 34823 1291 46 but but CC 34823 1291 47 rather rather RB 34823 1291 48 , , , 34823 1291 49 a a DT 34823 1291 50 _ _ NNP 34823 1291 51 logical logical JJ 34823 1291 52 analysis analysis NN 34823 1291 53 _ _ NNP 34823 1291 54 of of IN 34823 1291 55 existing exist VBG 34823 1291 56 psychic psychic JJ 34823 1291 57 forces force NNS 34823 1291 58 , , , 34823 1291 59 which which WDT 34823 1291 60 shall shall MD 34823 1291 61 abstract abstract VB 34823 1291 62 from from IN 34823 1291 63 the the DT 34823 1291 64 concrete concrete JJ 34823 1291 65 social social JJ 34823 1291 66 situation situation NN 34823 1291 67 the the DT 34823 1291 68 phases phase NNS 34823 1291 69 that that WDT 34823 1291 70 are be VBP 34823 1291 71 most most RBS 34823 1291 72 significant significant JJ 34823 1291 73 . . . 34823 1292 1 This this DT 34823 1292 2 method method NN 34823 1292 3 will will MD 34823 1292 4 not not RB 34823 1292 5 give give VB 34823 1292 6 us -PRON- PRP 34823 1292 7 the the DT 34823 1292 8 whole whole JJ 34823 1292 9 story story NN 34823 1292 10 either either RB 34823 1292 11 . . . 34823 1293 1 Value value NN 34823 1293 2 will will MD 34823 1293 3 not not RB 34823 1293 4 be be VB 34823 1293 5 completely completely RB 34823 1293 6 explained explain VBN 34823 1293 7 by by IN 34823 1293 8 the the DT 34823 1293 9 phases phase NNS 34823 1293 10 we -PRON- PRP 34823 1293 11 pick pick VBP 34823 1293 12 out out RP 34823 1293 13 . . . 34823 1294 1 But but CC 34823 1294 2 then then RB 34823 1294 3 , , , 34823 1294 4 we -PRON- PRP 34823 1294 5 shall shall MD 34823 1294 6 be be VB 34823 1294 7 aware aware JJ 34823 1294 8 of of IN 34823 1294 9 the the DT 34823 1294 10 fact fact NN 34823 1294 11 , , , 34823 1294 12 and and CC 34823 1294 13 we -PRON- PRP 34823 1294 14 shall shall MD 34823 1294 15 know know VB 34823 1294 16 that that IN 34823 1294 17 the the DT 34823 1294 18 other other JJ 34823 1294 19 phases phase NNS 34823 1294 20 are be VBP 34823 1294 21 there there RB 34823 1294 22 , , , 34823 1294 23 ready ready JJ 34823 1294 24 to to TO 34823 1294 25 be be VB 34823 1294 26 picked pick VBN 34823 1294 27 out out RP 34823 1294 28 as as IN 34823 1294 29 they -PRON- PRP 34823 1294 30 are be VBP 34823 1294 31 needed need VBN 34823 1294 32 for for IN 34823 1294 33 further further JJ 34823 1294 34 refinement refinement NN 34823 1294 35 of of IN 34823 1294 36 the the DT 34823 1294 37 theory theory NN 34823 1294 38 , , , 34823 1294 39 as as IN 34823 1294 40 new new JJ 34823 1294 41 problems problem NNS 34823 1294 42 call call VBP 34823 1294 43 for for IN 34823 1294 44 further further JJ 34823 1294 45 refinement refinement NN 34823 1294 46 . . . 34823 1295 1 And and CC 34823 1295 2 , , , 34823 1295 3 indeed indeed RB 34823 1295 4 , , , 34823 1295 5 we -PRON- PRP 34823 1295 6 shall shall MD 34823 1295 7 include include VB 34823 1295 8 them -PRON- PRP 34823 1295 9 in in IN 34823 1295 10 our -PRON- PRP$ 34823 1295 11 theory theory NN 34823 1295 12 , , , 34823 1295 13 under under IN 34823 1295 14 a a DT 34823 1295 15 lump lump NN 34823 1295 16 name name NN 34823 1295 17 , , , 34823 1295 18 namely namely RB 34823 1295 19 , , , 34823 1295 20 the the DT 34823 1295 21 rest rest NN 34823 1295 22 of of IN 34823 1295 23 the the DT 34823 1295 24 ' ' `` 34823 1295 25 presuppositions presupposition NNS 34823 1295 26 ' ' '' 34823 1295 27 of of IN 34823 1295 28 value value NN 34823 1295 29 . . . 34823 1296 1 " " `` 34823 1296 2 Our -PRON- PRP$ 34823 1296 3 reason reason NN 34823 1296 4 for for IN 34823 1296 5 choosing choose VBG 34823 1296 6 a a DT 34823 1296 7 logical logical JJ 34823 1296 8 analysis analysis NN 34823 1296 9 of of IN 34823 1296 10 existing exist VBG 34823 1296 11 psychic psychic JJ 34823 1296 12 forces force NNS 34823 1296 13 instead instead RB 34823 1296 14 of of IN 34823 1296 15 a a DT 34823 1296 16 temporal temporal JJ 34823 1296 17 _ _ NNP 34823 1296 18 regressus_--instead regressus_--instead NN 34823 1296 19 , , , 34823 1296 20 even even RB 34823 1296 21 , , , 34823 1296 22 of of IN 34823 1296 23 an an DT 34823 1296 24 accurate accurate JJ 34823 1296 25 historical historical JJ 34823 1296 26 study study NN 34823 1296 27 of of IN 34823 1296 28 the the DT 34823 1296 29 past past NN 34823 1296 30 -- -- : 34823 1296 31 is be VBZ 34823 1296 32 a a DT 34823 1296 33 two two CD 34823 1296 34 - - HYPH 34823 1296 35 fold fold NN 34823 1296 36 one one NN 34823 1296 37 : : : 34823 1296 38 first first LS 34823 1296 39 , , , 34823 1296 40 we -PRON- PRP 34823 1296 41 wish wish VBP 34823 1296 42 to to TO 34823 1296 43 coördinate coördinate VB 34823 1296 44 the the DT 34823 1296 45 new new JJ 34823 1296 46 factors factor NNS 34823 1296 47 we -PRON- PRP 34823 1296 48 are be VBP 34823 1296 49 to to TO 34823 1296 50 emphasize emphasize VB 34823 1296 51 with with IN 34823 1296 52 factors factor NNS 34823 1296 53 already already RB 34823 1296 54 recognized recognize VBN 34823 1296 55 , , , 34823 1296 56 and and CC 34823 1296 57 to to TO 34823 1296 58 emerge emerge VB 34823 1296 59 with with IN 34823 1296 60 a a DT 34823 1296 61 value value NN 34823 1296 62 concept concept NN 34823 1296 63 which which WDT 34823 1296 64 shall shall MD 34823 1296 65 serve serve VB 34823 1296 66 the the DT 34823 1296 67 economists economist NNS 34823 1296 68 in in IN 34823 1296 69 the the DT 34823 1296 70 accustomed accustomed JJ 34823 1296 71 way way NN 34823 1296 72 -- -- : 34823 1296 73 it -PRON- PRP 34823 1296 74 is be VBZ 34823 1296 75 illogical illogical JJ 34823 1296 76 to to TO 34823 1296 77 mix mix VB 34823 1296 78 a a DT 34823 1296 79 logical logical JJ 34823 1296 80 analysis analysis NN 34823 1296 81 with with IN 34823 1296 82 a a DT 34823 1296 83 temporal temporal JJ 34823 1296 84 _ _ NNP 34823 1296 85 regressus regressus NN 34823 1296 86 _ _ NNP 34823 1296 87 . . . 34823 1297 1 But but CC 34823 1297 2 , , , 34823 1297 3 more more RBR 34823 1297 4 fundamental fundamental JJ 34823 1297 5 than than IN 34823 1297 6 this this DT 34823 1297 7 logical logical JJ 34823 1297 8 point point NN 34823 1297 9 , , , 34823 1297 10 is be VBZ 34823 1297 11 this this DT 34823 1297 12 : : : 34823 1297 13 the the DT 34823 1297 14 forces force NNS 34823 1297 15 which which WDT 34823 1297 16 have have VBP 34823 1297 17 historically historically RB 34823 1297 18 _ _ NNP 34823 1297 19 begot begot NN 34823 1297 20 _ _ NNP 34823 1297 21 a a DT 34823 1297 22 social social JJ 34823 1297 23 situation situation NN 34823 1297 24 are be VBP 34823 1297 25 not not RB 34823 1297 26 , , , 34823 1297 27 necessarily necessarily RB 34823 1297 28 , , , 34823 1297 29 the the DT 34823 1297 30 forces force NNS 34823 1297 31 which which WDT 34823 1297 32 _ _ NNP 34823 1297 33 sustain sustain NN 34823 1297 34 _ _ IN 34823 1297 35 it -PRON- PRP 34823 1297 36 . . . 34823 1298 1 The the DT 34823 1298 2 rule rule NN 34823 1298 3 doubtless doubtless RB 34823 1298 4 is be VBZ 34823 1298 5 that that IN 34823 1298 6 new new JJ 34823 1298 7 institutions institution NNS 34823 1298 8 have have VBP 34823 1298 9 to to TO 34823 1298 10 win win VB 34823 1298 11 their -PRON- PRP$ 34823 1298 12 way way NN 34823 1298 13 against against IN 34823 1298 14 an an DT 34823 1298 15 opposition opposition NN 34823 1298 16 which which WDT 34823 1298 17 grows grow VBZ 34823 1298 18 simply simply RB 34823 1298 19 out out IN 34823 1298 20 of of IN 34823 1298 21 the the DT 34823 1298 22 fact fact NN 34823 1298 23 that that IN 34823 1298 24 we -PRON- PRP 34823 1298 25 are be VBP 34823 1298 26 , , , 34823 1298 27 through through IN 34823 1298 28 mental mental JJ 34823 1298 29 inertia inertia NN 34823 1298 30 , , , 34823 1298 31 wedded wed VBD 34823 1298 32 to to IN 34823 1298 33 what what WP 34823 1298 34 is be VBZ 34823 1298 35 old old JJ 34823 1298 36 and and CC 34823 1298 37 familiar familiar JJ 34823 1298 38 . . . 34823 1299 1 We -PRON- PRP 34823 1299 2 resist resist VBP 34823 1299 3 the the DT 34823 1299 4 new new JJ 34823 1299 5 _ _ NNP 34823 1299 6 as as IN 34823 1299 7 _ _ NNP 34823 1299 8 the the DT 34823 1299 9 new new JJ 34823 1299 10 . . . 34823 1300 1 Even even RB 34823 1300 2 those those DT 34823 1300 3 who who WP 34823 1300 4 are be VBP 34823 1300 5 most most RBS 34823 1300 6 disposed disposed JJ 34823 1300 7 to to TO 34823 1300 8 innovate innovate VB 34823 1300 9 are be VBP 34823 1300 10 still still RB 34823 1300 11 conservative conservative JJ 34823 1300 12 , , , 34823 1300 13 with with IN 34823 1300 14 reference reference NN 34823 1300 15 to to IN 34823 1300 16 propaganda propaganda NN 34823 1300 17 that that IN 34823 1300 18 they -PRON- PRP 34823 1300 19 themselves -PRON- PRP 34823 1300 20 are be VBP 34823 1300 21 not not RB 34823 1300 22 concerned concerned JJ 34823 1300 23 with with IN 34823 1300 24 . . . 34823 1301 1 The the DT 34823 1301 2 great great JJ 34823 1301 3 mass mass NN 34823 1301 4 of of IN 34823 1301 5 activities activity NNS 34823 1301 6 of of IN 34823 1301 7 all all DT 34823 1301 8 men man NNS 34823 1301 9 , , , 34823 1301 10 even even RB 34823 1301 11 the the DT 34823 1301 12 most most RBS 34823 1301 13 progressive progressive JJ 34823 1301 14 , , , 34823 1301 15 are be VBP 34823 1301 16 rooted root VBN 34823 1301 17 in in IN 34823 1301 18 habit habit NN 34823 1301 19 , , , 34823 1301 20 and and CC 34823 1301 21 resist resist VB 34823 1301 22 change change NN 34823 1301 23 . . . 34823 1302 1 When when WRB 34823 1302 2 , , , 34823 1302 3 however however RB 34823 1302 4 , , , 34823 1302 5 a a DT 34823 1302 6 new new JJ 34823 1302 7 value value NN 34823 1302 8 has have VBZ 34823 1302 9 won win VBN 34823 1302 10 its -PRON- PRP$ 34823 1302 11 way way NN 34823 1302 12 , , , 34823 1302 13 has have VBZ 34823 1302 14 become become VBN 34823 1302 15 familiar familiar JJ 34823 1302 16 and and CC 34823 1302 17 established establish VBN 34823 1302 18 , , , 34823 1302 19 the the DT 34823 1302 20 very very JJ 34823 1302 21 forces force NNS 34823 1302 22 which which WDT 34823 1302 23 once once RB 34823 1302 24 opposed oppose VBD 34823 1302 25 it -PRON- PRP 34823 1302 26 now now RB 34823 1302 27 become become VBP 34823 1302 28 its -PRON- PRP$ 34823 1302 29 surest sure JJS 34823 1302 30 support support NN 34823 1302 31 . . . 34823 1303 1 Or or CC 34823 1303 2 , , , 34823 1303 3 waiving waive VBG 34823 1303 4 this this DT 34823 1303 5 unreflecting unreflecting JJ 34823 1303 6 inertia inertia NN 34823 1303 7 of of IN 34823 1303 8 society society NN 34823 1303 9 , , , 34823 1303 10 as as IN 34823 1303 11 things thing NNS 34823 1303 12 become become VBP 34823 1303 13 actualized actualized JJ 34823 1303 14 they -PRON- PRP 34823 1303 15 are be VBP 34823 1303 16 seen see VBN 34823 1303 17 in in IN 34823 1303 18 new new JJ 34823 1303 19 relations relation NNS 34823 1303 20 . . . 34823 1304 1 What what WP 34823 1304 2 , , , 34823 1304 3 prior prior RB 34823 1304 4 to to IN 34823 1304 5 experiment experiment NN 34823 1304 6 , , , 34823 1304 7 we -PRON- PRP 34823 1304 8 thought think VBD 34823 1304 9 might may MD 34823 1304 10 harm harm VB 34823 1304 11 us -PRON- PRP 34823 1304 12 , , , 34823 1304 13 we -PRON- PRP 34823 1304 14 find find VBP 34823 1304 15 beneficial beneficial JJ 34823 1304 16 after after IN 34823 1304 17 it -PRON- PRP 34823 1304 18 has have VBZ 34823 1304 19 been be VBN 34823 1304 20 tried try VBN 34823 1304 21 , , , 34823 1304 22 and and CC 34823 1304 23 so so RB 34823 1304 24 support support VB 34823 1304 25 it -PRON- PRP 34823 1304 26 -- -- : 34823 1304 27 or or CC 34823 1304 28 the the DT 34823 1304 29 reverse reverse NN 34823 1304 30 may may MD 34823 1304 31 be be VB 34823 1304 32 true true JJ 34823 1304 33 . . . 34823 1305 1 The the DT 34823 1305 2 psychic psychic JJ 34823 1305 3 forces force NNS 34823 1305 4 maintaining maintain VBG 34823 1305 5 and and CC 34823 1305 6 controlling control VBG 34823 1305 7 a a DT 34823 1305 8 social social JJ 34823 1305 9 situation situation NN 34823 1305 10 , , , 34823 1305 11 therefore therefore RB 34823 1305 12 , , , 34823 1305 13 are be VBP 34823 1305 14 not not RB 34823 1305 15 necessarily necessarily RB 34823 1305 16 the the DT 34823 1305 17 ones one NNS 34823 1305 18 which which WDT 34823 1305 19 historically historically RB 34823 1305 20 brought bring VBD 34823 1305 21 it -PRON- PRP 34823 1305 22 into into IN 34823 1305 23 being being NN 34823 1305 24 . . . 34823 1306 1 " " `` 34823 1306 2 [ [ -LRB- 34823 1306 3 99 99 CD 34823 1306 4 ] ] -RRB- 34823 1306 5 Since since IN 34823 1306 6 the the DT 34823 1306 7 foregoing foregoing NN 34823 1306 8 was be VBD 34823 1306 9 written write VBN 34823 1306 10 , , , 34823 1306 11 I -PRON- PRP 34823 1306 12 have have VBP 34823 1306 13 found find VBN 34823 1306 14 that that IN 34823 1306 15 another another DT 34823 1306 16 theorist theorist NN 34823 1306 17 , , , 34823 1306 18 Professor Professor NNP 34823 1306 19 Alvin Alvin NNP 34823 1306 20 S. S. NNP 34823 1306 21 Johnson Johnson NNP 34823 1306 22 , , , 34823 1306 23 had have VBD 34823 1306 24 also also RB 34823 1306 25 given give VBN 34823 1306 26 consideration consideration NN 34823 1306 27 to to IN 34823 1306 28 the the DT 34823 1306 29 same same JJ 34823 1306 30 idea idea NN 34823 1306 31 , , , 34823 1306 32 as as IN 34823 1306 33 a a DT 34823 1306 34 means means NN 34823 1306 35 of of IN 34823 1306 36 escape escape NN 34823 1306 37 from from IN 34823 1306 38 the the DT 34823 1306 39 Austrian austrian JJ 34823 1306 40 circle circle NN 34823 1306 41 . . . 34823 1307 1 Professor Professor NNP 34823 1307 2 Johnson Johnson NNP 34823 1307 3 refers refer VBZ 34823 1307 4 to to IN 34823 1307 5 the the DT 34823 1307 6 notion notion NN 34823 1307 7 briefly briefly RB 34823 1307 8 in in IN 34823 1307 9 his -PRON- PRP$ 34823 1307 10 review review NN 34823 1307 11 of of IN 34823 1307 12 _ _ NNP 34823 1307 13 Social Social NNP 34823 1307 14 Value Value NNP 34823 1307 15 _ _ NNP 34823 1307 16 ( ( -LRB- 34823 1307 17 _ _ NNP 34823 1307 18 Am Am NNP 34823 1307 19 . . . 34823 1308 1 Econ Econ NNP 34823 1308 2 . . . 34823 1309 1 Rev. Rev. NNP 34823 1309 2 _ _ NNP 34823 1309 3 , , , 34823 1309 4 June June NNP 34823 1309 5 , , , 34823 1309 6 1912 1912 CD 34823 1309 7 , , , 34823 1309 8 p. p. NN 34823 1309 9 322 322 CD 34823 1309 10 ) ) -RRB- 34823 1309 11 , , , 34823 1309 12 holding hold VBG 34823 1309 13 that that IN 34823 1309 14 the the DT 34823 1309 15 doctrine doctrine NN 34823 1309 16 is be VBZ 34823 1309 17 logically logically RB 34823 1309 18 tenable tenable JJ 34823 1309 19 , , , 34823 1309 20 though though IN 34823 1309 21 rejecting reject VBG 34823 1309 22 it -PRON- PRP 34823 1309 23 on on IN 34823 1309 24 psychological psychological JJ 34823 1309 25 grounds ground NNS 34823 1309 26 . . . 34823 1310 1 " " `` 34823 1310 2 The the DT 34823 1310 3 value value NN 34823 1310 4 of of IN 34823 1310 5 a a DT 34823 1310 6 thing thing NN 34823 1310 7 newly newly RB 34823 1310 8 created create VBN 34823 1310 9 can can MD 34823 1310 10 be be VB 34823 1310 11 explained explain VBN 34823 1310 12 only only RB 34823 1310 13 with with IN 34823 1310 14 reference reference NN 34823 1310 15 to to IN 34823 1310 16 values value NNS 34823 1310 17 antecedently antecedently RB 34823 1310 18 existing exist VBG 34823 1310 19 . . . 34823 1310 20 " " '' 34823 1311 1 That that IN 34823 1311 2 there there EX 34823 1311 3 is be VBZ 34823 1311 4 a a DT 34823 1311 5 continuity continuity NN 34823 1311 6 in in IN 34823 1311 7 the the DT 34823 1311 8 value value NN 34823 1311 9 system system NN 34823 1311 10 , , , 34823 1311 11 as as IN 34823 1311 12 in in IN 34823 1311 13 the the DT 34823 1311 14 whole whole JJ 34823 1311 15 social social JJ 34823 1311 16 - - HYPH 34823 1311 17 mental mental JJ 34823 1311 18 life life NN 34823 1311 19 of of IN 34823 1311 20 men man NNS 34823 1311 21 , , , 34823 1311 22 I -PRON- PRP 34823 1311 23 should should MD 34823 1311 24 be be VB 34823 1311 25 the the DT 34823 1311 26 last last JJ 34823 1311 27 to to TO 34823 1311 28 deny deny VB 34823 1311 29 . . . 34823 1312 1 But but CC 34823 1312 2 it -PRON- PRP 34823 1312 3 is be VBZ 34823 1312 4 not not RB 34823 1312 5 the the DT 34823 1312 6 antecedently antecedently RB 34823 1312 7 existing exist VBG 34823 1312 8 values value NNS 34823 1312 9 , , , 34823 1312 10 _ _ NNP 34823 1312 11 as as IN 34823 1312 12 _ _ NNP 34823 1312 13 antecedently antecedently RB 34823 1312 14 existing exist VBG 34823 1312 15 , , , 34823 1312 16 that that WDT 34823 1312 17 give give VBP 34823 1312 18 value value NN 34823 1312 19 to to IN 34823 1312 20 the the DT 34823 1312 21 new new JJ 34823 1312 22 piece piece NN 34823 1312 23 of of IN 34823 1312 24 wealth wealth NN 34823 1312 25 . . . 34823 1313 1 The the DT 34823 1313 2 antecedent antecedent NN 34823 1313 3 values value NNS 34823 1313 4 function function VBP 34823 1313 5 only only RB 34823 1313 6 as as IN 34823 1313 7 _ _ NNP 34823 1313 8 persisting persist VBG 34823 1313 9 _ _ NNP 34823 1313 10 , , , 34823 1313 11 as as IN 34823 1313 12 _ _ NNP 34823 1313 13 contemporary contemporary JJ 34823 1313 14 _ _ NNP 34823 1313 15 social social JJ 34823 1313 16 forces force NNS 34823 1313 17 . . . 34823 1314 1 We -PRON- PRP 34823 1314 2 do do VBP 34823 1314 3 not not RB 34823 1314 4 find find VB 34823 1314 5 the the DT 34823 1314 6 motivating motivate VBG 34823 1314 7 power power NN 34823 1314 8 of of IN 34823 1314 9 existing exist VBG 34823 1314 10 values value NNS 34823 1314 11 in in IN 34823 1314 12 the the DT 34823 1314 13 ashes ashe NNS 34823 1314 14 of of IN 34823 1314 15 burnt burn VBN 34823 1314 16 out out RP 34823 1314 17 desire desire NN 34823 1314 18 ! ! . 34823 1315 1 It -PRON- PRP 34823 1315 2 seems seem VBZ 34823 1315 3 to to IN 34823 1315 4 me -PRON- PRP 34823 1315 5 very very RB 34823 1315 6 essential essential JJ 34823 1315 7 to to TO 34823 1315 8 distinguish distinguish VB 34823 1315 9 the the DT 34823 1315 10 two two CD 34823 1315 11 methods method NNS 34823 1315 12 of of IN 34823 1315 13 approach approach NN 34823 1315 14 to to IN 34823 1315 15 the the DT 34823 1315 16 problem problem NN 34823 1315 17 . . . 34823 1316 1 It -PRON- PRP 34823 1316 2 is be VBZ 34823 1316 3 possible possible JJ 34823 1316 4 to to TO 34823 1316 5 state state VB 34823 1316 6 a a DT 34823 1316 7 historical historical JJ 34823 1316 8 sequence sequence NN 34823 1316 9 -- -- : 34823 1316 10 if if IN 34823 1316 11 you -PRON- PRP 34823 1316 12 know know VBP 34823 1316 13 it,--showing it,--showing CD 34823 1316 14 how how WRB 34823 1316 15 values value NNS 34823 1316 16 have have VBP 34823 1316 17 historically historically RB 34823 1316 18 come come VBN 34823 1316 19 and and CC 34823 1316 20 gone go VBN 34823 1316 21 . . . 34823 1317 1 But but CC 34823 1317 2 for for IN 34823 1317 3 an an DT 34823 1317 4 equilibrium equilibrium NN 34823 1317 5 picture picture NN 34823 1317 6 , , , 34823 1317 7 of of IN 34823 1317 8 the the DT 34823 1317 9 sort sort NN 34823 1317 10 that that WDT 34823 1317 11 our -PRON- PRP$ 34823 1317 12 price price NN 34823 1317 13 theory theory NN 34823 1317 14 demands demand VBZ 34823 1317 15 , , , 34823 1317 16 where where WRB 34823 1317 17 there there EX 34823 1317 18 is be VBZ 34823 1317 19 a a DT 34823 1317 20 mechanical mechanical JJ 34823 1317 21 balancing balancing NN 34823 1317 22 of of IN 34823 1317 23 contemporary contemporary JJ 34823 1317 24 factors factor NNS 34823 1317 25 ( ( -LRB- 34823 1317 26 as as IN 34823 1317 27 in in IN 34823 1317 28 Marshall Marshall NNP 34823 1317 29 's 's POS 34823 1317 30 balls ball NNS 34823 1317 31 in in IN 34823 1317 32 the the DT 34823 1317 33 bowl bowl NN 34823 1317 34 illustration illustration NN 34823 1317 35 ) ) -RRB- 34823 1317 36 , , , 34823 1317 37 such such PDT 34823 1317 38 an an DT 34823 1317 39 account account NN 34823 1317 40 is be VBZ 34823 1317 41 of of IN 34823 1317 42 no no DT 34823 1317 43 use use NN 34823 1317 44 . . . 34823 1318 1 Existing exist VBG 34823 1318 2 social social JJ 34823 1318 3 forces force NNS 34823 1318 4 have have VBP 34823 1318 5 their -PRON- PRP$ 34823 1318 6 history history NN 34823 1318 7 . . . 34823 1319 1 But but CC 34823 1319 2 , , , 34823 1319 3 at at IN 34823 1319 4 a a DT 34823 1319 5 given give VBN 34823 1319 6 moment moment NN 34823 1319 7 , , , 34823 1319 8 they -PRON- PRP 34823 1319 9 are be VBP 34823 1319 10 what what WP 34823 1319 11 they -PRON- PRP 34823 1319 12 are be VBP 34823 1319 13 , , , 34823 1319 14 and and CC 34823 1319 15 what what WP 34823 1319 16 they -PRON- PRP 34823 1319 17 _ _ NNP 34823 1319 18 were be VBD 34823 1319 19 _ _ NNP 34823 1319 20 at at IN 34823 1319 21 a a DT 34823 1319 22 different different JJ 34823 1319 23 time time NN 34823 1319 24 adds add VBZ 34823 1319 25 no no DT 34823 1319 26 ounce ounce NN 34823 1319 27 of of IN 34823 1319 28 weight weight NN 34823 1319 29 to to IN 34823 1319 30 the the DT 34823 1319 31 power power NN 34823 1319 32 they -PRON- PRP 34823 1319 33 now now RB 34823 1319 34 exert exert VBP 34823 1319 35 . . . 34823 1320 1 If if IN 34823 1320 2 a a DT 34823 1320 3 quantitative quantitative JJ 34823 1320 4 account account NN 34823 1320 5 of of IN 34823 1320 6 value value NN 34823 1320 7 is be VBZ 34823 1320 8 called call VBN 34823 1320 9 for for IN 34823 1320 10 -- -- : 34823 1320 11 and and CC 34823 1320 12 price price NN 34823 1320 13 - - HYPH 34823 1320 14 theory theory NN 34823 1320 15 is be VBZ 34823 1320 16 essentially essentially RB 34823 1320 17 concerned concerned JJ 34823 1320 18 with with IN 34823 1320 19 the the DT 34823 1320 20 measurement measurement NN 34823 1320 21 of of IN 34823 1320 22 values value NNS 34823 1320 23 -- -- : 34823 1320 24 we -PRON- PRP 34823 1320 25 must must MD 34823 1320 26 bring bring VB 34823 1320 27 measure measure NN 34823 1320 28 and and CC 34823 1320 29 measured measure VBN 34823 1320 30 into into IN 34823 1320 31 contemporary contemporary JJ 34823 1320 32 balance balance NN 34823 1320 33 . . . 34823 1321 1 The the DT 34823 1321 2 historical historical JJ 34823 1321 3 account account NN 34823 1321 4 is be VBZ 34823 1321 5 one one CD 34823 1321 6 thing thing NN 34823 1321 7 ; ; : 34823 1321 8 the the DT 34823 1321 9 cross cross JJ 34823 1321 10 - - NN 34823 1321 11 section section NN 34823 1321 12 analysis analysis NN 34823 1321 13 is be VBZ 34823 1321 14 another another DT 34823 1321 15 . . . 34823 1322 1 " " `` 34823 1322 2 Static static JJ 34823 1322 3 theory theory NN 34823 1322 4 " " '' 34823 1322 5 is be VBZ 34823 1322 6 a a DT 34823 1322 7 mechanical mechanical JJ 34823 1322 8 abstraction abstraction NN 34823 1322 9 from from IN 34823 1322 10 the the DT 34823 1322 11 organic organic JJ 34823 1322 12 cross cross JJ 34823 1322 13 - - NN 34823 1322 14 section section NN 34823 1322 15 picture picture NN 34823 1322 16 , , , 34823 1322 17 which which WDT 34823 1322 18 , , , 34823 1322 19 by by IN 34823 1322 20 making make VBG 34823 1322 21 it -PRON- PRP 34823 1322 22 superficial superficial JJ 34823 1322 23 , , , 34823 1322 24 is be VBZ 34823 1322 25 able able JJ 34823 1322 26 to to TO 34823 1322 27 make make VB 34823 1322 28 it -PRON- PRP 34823 1322 29 exact exact JJ 34823 1322 30 . . . 34823 1323 1 It -PRON- PRP 34823 1323 2 seems seem VBZ 34823 1323 3 to to IN 34823 1323 4 me -PRON- PRP 34823 1323 5 that that IN 34823 1323 6 this this DT 34823 1323 7 distinction distinction NN 34823 1323 8 must must MD 34823 1323 9 be be VB 34823 1323 10 kept keep VBN 34823 1323 11 clear clear JJ 34823 1323 12 if if IN 34823 1323 13 progress progress NN 34823 1323 14 in in IN 34823 1323 15 the the DT 34823 1323 16 science science NN 34823 1323 17 is be VBZ 34823 1323 18 to to TO 34823 1323 19 be be VB 34823 1323 20 made make VBN 34823 1323 21 . . . 34823 1324 1 At at IN 34823 1324 2 every every DT 34823 1324 3 point point NN 34823 1324 4 , , , 34823 1324 5 divergent divergent JJ 34823 1324 6 conclusions conclusion NNS 34823 1324 7 are be VBP 34823 1324 8 reached reach VBN 34823 1324 9 if if IN 34823 1324 10 the the DT 34823 1324 11 two two CD 34823 1324 12 view view NN 34823 1324 13 - - HYPH 34823 1324 14 points point NNS 34823 1324 15 are be VBP 34823 1324 16 merged merge VBN 34823 1324 17 . . . 34823 1325 1 The the DT 34823 1325 2 distinction distinction NN 34823 1325 3 between between IN 34823 1325 4 statics static NNS 34823 1325 5 and and CC 34823 1325 6 dynamics dynamic NNS 34823 1325 7 is be VBZ 34823 1325 8 , , , 34823 1325 9 in in IN 34823 1325 10 a a DT 34823 1325 11 general general JJ 34823 1325 12 way way NN 34823 1325 13 , , , 34823 1325 14 the the DT 34823 1325 15 same same JJ 34823 1325 16 as as IN 34823 1325 17 the the DT 34823 1325 18 distinction distinction NN 34823 1325 19 here here RB 34823 1325 20 made make VBN 34823 1325 21 between between IN 34823 1325 22 the the DT 34823 1325 23 historical historical JJ 34823 1325 24 and and CC 34823 1325 25 the the DT 34823 1325 26 cross cross JJ 34823 1325 27 - - JJ 34823 1325 28 section section JJ 34823 1325 29 view view NN 34823 1325 30 . . . 34823 1326 1 It -PRON- PRP 34823 1326 2 is be VBZ 34823 1326 3 no no DT 34823 1326 4 answer answer NN 34823 1326 5 to to IN 34823 1326 6 the the DT 34823 1326 7 Ricardian ricardian JJ 34823 1326 8 theory theory NN 34823 1326 9 of of IN 34823 1326 10 land land NN 34823 1326 11 - - HYPH 34823 1326 12 rent rent NN 34823 1326 13 for for IN 34823 1326 14 Carey Carey NNP 34823 1326 15 to to TO 34823 1326 16 point point VB 34823 1326 17 out out RP 34823 1326 18 that that IN 34823 1326 19 historically historically RB 34823 1326 20 , , , 34823 1326 21 in in IN 34823 1326 22 new new JJ 34823 1326 23 countries country NNS 34823 1326 24 , , , 34823 1326 25 the the DT 34823 1326 26 uplands upland NNS 34823 1326 27 are be VBP 34823 1326 28 cultivated cultivate VBN 34823 1326 29 first first RB 34823 1326 30 , , , 34823 1326 31 and and CC 34823 1326 32 the the DT 34823 1326 33 more more RBR 34823 1326 34 fertile fertile JJ 34823 1326 35 river river NN 34823 1326 36 - - HYPH 34823 1326 37 valleys valley NNS 34823 1326 38 later later RB 34823 1326 39 . . . 34823 1327 1 Ricardo Ricardo NNP 34823 1327 2 is be VBZ 34823 1327 3 talking talk VBG 34823 1327 4 about about IN 34823 1327 5 statics static NNS 34823 1327 6 , , , 34823 1327 7 and and CC 34823 1327 8 Carey Carey NNP 34823 1327 9 about about IN 34823 1327 10 dynamics dynamic NNS 34823 1327 11 . . . 34823 1328 1 Carey Carey NNP 34823 1328 2 does do VBZ 34823 1328 3 not not RB 34823 1328 4 answer answer VB 34823 1328 5 Ricardo Ricardo NNP 34823 1328 6 , , , 34823 1328 7 because because IN 34823 1328 8 he -PRON- PRP 34823 1328 9 is be VBZ 34823 1328 10 talking talk VBG 34823 1328 11 about about IN 34823 1328 12 a a DT 34823 1328 13 different different JJ 34823 1328 14 problem problem NN 34823 1328 15 . . . 34823 1329 1 The the DT 34823 1329 2 utility utility NN 34823 1329 3 theorist theorist NN 34823 1329 4 especially especially RB 34823 1329 5 has have VBZ 34823 1329 6 no no DT 34823 1329 7 right right NN 34823 1329 8 to to TO 34823 1329 9 leave leave VB 34823 1329 10 the the DT 34823 1329 11 static static JJ 34823 1329 12 view view NN 34823 1329 13 - - HYPH 34823 1329 14 point point NN 34823 1329 15 . . . 34823 1330 1 All all PDT 34823 1330 2 the the DT 34823 1330 3 elementary elementary JJ 34823 1330 4 laws law NNS 34823 1330 5 on on IN 34823 1330 6 which which WDT 34823 1330 7 the the DT 34823 1330 8 utility utility NN 34823 1330 9 theory theory NN 34823 1330 10 is be VBZ 34823 1330 11 based base VBN 34823 1330 12 are be VBP 34823 1330 13 static static JJ 34823 1330 14 laws law NNS 34823 1330 15 . . . 34823 1331 1 The the DT 34823 1331 2 law law NN 34823 1331 3 of of IN 34823 1331 4 satiety satiety NN 34823 1331 5 , , , 34823 1331 6 of of IN 34823 1331 7 diminishing diminish VBG 34823 1331 8 utility utility NN 34823 1331 9 , , , 34823 1331 10 is be VBZ 34823 1331 11 a a DT 34823 1331 12 static static JJ 34823 1331 13 law law NN 34823 1331 14 , , , 34823 1331 15 and and CC 34823 1331 16 the the DT 34823 1331 17 utility utility NN 34823 1331 18 theorists theorist NNS 34823 1331 19 are be VBP 34823 1331 20 careful careful JJ 34823 1331 21 to to TO 34823 1331 22 point point VB 34823 1331 23 out out RP 34823 1331 24 that that IN 34823 1331 25 it -PRON- PRP 34823 1331 26 holds hold VBZ 34823 1331 27 only only RB 34823 1331 28 for for IN 34823 1331 29 an an DT 34823 1331 30 individual individual NN 34823 1331 31 at at IN 34823 1331 32 a a DT 34823 1331 33 given give VBN 34823 1331 34 time time NN 34823 1331 35 . . . 34823 1332 1 It -PRON- PRP 34823 1332 2 rests rest VBZ 34823 1332 3 on on IN 34823 1332 4 nerve nerve NN 34823 1332 5 fatigue fatigue NN 34823 1332 6 . . . 34823 1333 1 Give give VB 34823 1333 2 the the DT 34823 1333 3 nerve nerve NN 34823 1333 4 time time NN 34823 1333 5 to to TO 34823 1333 6 rest rest VB 34823 1333 7 , , , 34823 1333 8 and and CC 34823 1333 9 utility utility NN 34823 1333 10 does do VBZ 34823 1333 11 not not RB 34823 1333 12 sink sink VB 34823 1333 13 . . . 34823 1334 1 On on IN 34823 1334 2 the the DT 34823 1334 3 contrary contrary NN 34823 1334 4 , , , 34823 1334 5 the the DT 34823 1334 6 dynamic dynamic JJ 34823 1334 7 law law NN 34823 1334 8 of of IN 34823 1334 9 wants want VBZ 34823 1334 10 is be VBZ 34823 1334 11 that that DT 34823 1334 12 wants want VBZ 34823 1334 13 expand expand VB 34823 1334 14 . . . 34823 1335 1 As as IN 34823 1335 2 old old JJ 34823 1335 3 wants want VBZ 34823 1335 4 are be VBP 34823 1335 5 satisfied satisfied JJ 34823 1335 6 , , , 34823 1335 7 new new JJ 34823 1335 8 wants want VBZ 34823 1335 9 arise arise VB 34823 1335 10 , , , 34823 1335 11 so so IN 34823 1335 12 that that IN 34823 1335 13 , , , 34823 1335 14 in in IN 34823 1335 15 the the DT 34823 1335 16 course course NN 34823 1335 17 of of IN 34823 1335 18 time time NN 34823 1335 19 , , , 34823 1335 20 _ _ NNP 34823 1335 21 marginal marginal JJ 34823 1335 22 _ _ NNP 34823 1335 23 utilities utility NNS 34823 1335 24 do do VBP 34823 1335 25 not not RB 34823 1335 26 sink sink VB 34823 1335 27 -- -- : 34823 1335 28 the the DT 34823 1335 29 competition competition NN 34823 1335 30 of of IN 34823 1335 31 new new JJ 34823 1335 32 wants want VBZ 34823 1335 33 forces force NNS 34823 1335 34 up up IN 34823 1335 35 the the DT 34823 1335 36 margins margin NNS 34823 1335 37 of of IN 34823 1335 38 the the DT 34823 1335 39 old old JJ 34823 1335 40 wants want VBZ 34823 1335 41 . . . 34823 1336 1 Moreover moreover RB 34823 1336 2 , , , 34823 1336 3 with with IN 34823 1336 4 time time NN 34823 1336 5 , , , 34823 1336 6 tastes taste VBZ 34823 1336 7 change change NN 34823 1336 8 , , , 34823 1336 9 habits habit NNS 34823 1336 10 are be VBP 34823 1336 11 formed form VBN 34823 1336 12 , , , 34823 1336 13 and and CC 34823 1336 14 the the DT 34823 1336 15 same same JJ 34823 1336 16 wants want NNS 34823 1336 17 may may MD 34823 1336 18 grow grow VB 34823 1336 19 more more RBR 34823 1336 20 intense intense JJ 34823 1336 21 -- -- : 34823 1336 22 as as IN 34823 1336 23 in in IN 34823 1336 24 the the DT 34823 1336 25 case case NN 34823 1336 26 of of IN 34823 1336 27 olives olive NNS 34823 1336 28 or or CC 34823 1336 29 whiskey whiskey NN 34823 1336 30 . . . 34823 1337 1 All all DT 34823 1337 2 this this DT 34823 1337 3 has have VBZ 34823 1337 4 been be VBN 34823 1337 5 seen see VBN 34823 1337 6 by by IN 34823 1337 7 the the DT 34823 1337 8 creators creator NNS 34823 1337 9 of of IN 34823 1337 10 the the DT 34823 1337 11 utility utility NN 34823 1337 12 theory theory NN 34823 1337 13 . . . 34823 1338 1 Thus thus RB 34823 1338 2 , , , 34823 1338 3 Wieser Wieser NNP 34823 1338 4 : : : 34823 1338 5 " " `` 34823 1338 6 The the DT 34823 1338 7 want want NN 34823 1338 8 as as IN 34823 1338 9 a a DT 34823 1338 10 whole whole NN 34823 1338 11 of of IN 34823 1338 12 course course NN 34823 1338 13 retains retain VBZ 34823 1338 14 its -PRON- PRP$ 34823 1338 15 strength strength NN 34823 1338 16 so so RB 34823 1338 17 long long RB 34823 1338 18 as as IN 34823 1338 19 a a DT 34823 1338 20 man man NN 34823 1338 21 retains retain VBZ 34823 1338 22 his -PRON- PRP$ 34823 1338 23 health health NN 34823 1338 24 ; ; : 34823 1338 25 satisfaction satisfaction NN 34823 1338 26 does do VBZ 34823 1338 27 not not RB 34823 1338 28 weaken weaken VB 34823 1338 29 but but CC 34823 1338 30 rather rather RB 34823 1338 31 stimulates stimulate VBZ 34823 1338 32 it -PRON- PRP 34823 1338 33 , , , 34823 1338 34 by by IN 34823 1338 35 constantly constantly RB 34823 1338 36 contributing contribute VBG 34823 1338 37 to to IN 34823 1338 38 its -PRON- PRP$ 34823 1338 39 development development NN 34823 1338 40 , , , 34823 1338 41 and and CC 34823 1338 42 , , , 34823 1338 43 particularly particularly RB 34823 1338 44 , , , 34823 1338 45 by by IN 34823 1338 46 giving give VBG 34823 1338 47 rise rise NN 34823 1338 48 to to IN 34823 1338 49 a a DT 34823 1338 50 desire desire NN 34823 1338 51 for for IN 34823 1338 52 variety variety NN 34823 1338 53 . . . 34823 1339 1 It -PRON- PRP 34823 1339 2 is be VBZ 34823 1339 3 otherwise otherwise RB 34823 1339 4 with with IN 34823 1339 5 the the DT 34823 1339 6 separate separate JJ 34823 1339 7 sensations sensation NNS 34823 1339 8 of of IN 34823 1339 9 the the DT 34823 1339 10 want want NN 34823 1339 11 . . . 34823 1340 1 These these DT 34823 1340 2 are be VBP 34823 1340 3 narrowly narrowly RB 34823 1340 4 limited limited JJ 34823 1340 5 both both CC 34823 1340 6 in in IN 34823 1340 7 point point NN 34823 1340 8 of of IN 34823 1340 9 time time NN 34823 1340 10 and and CC 34823 1340 11 in in IN 34823 1340 12 point point NN 34823 1340 13 of of IN 34823 1340 14 matter matter NN 34823 1340 15 . . . 34823 1341 1 Anyone anyone NN 34823 1341 2 who who WP 34823 1341 3 has have VBZ 34823 1341 4 just just RB 34823 1341 5 taken take VBN 34823 1341 6 a a DT 34823 1341 7 certain certain JJ 34823 1341 8 quantity quantity NN 34823 1341 9 of of IN 34823 1341 10 food food NN 34823 1341 11 of of IN 34823 1341 12 a a DT 34823 1341 13 certain certain JJ 34823 1341 14 kind kind NN 34823 1341 15 will will MD 34823 1341 16 not not RB 34823 1341 17 immediately immediately RB 34823 1341 18 have have VB 34823 1341 19 the the DT 34823 1341 20 same same JJ 34823 1341 21 strength strength NN 34823 1341 22 of of IN 34823 1341 23 desire desire NN 34823 1341 24 for for IN 34823 1341 25 a a DT 34823 1341 26 similar similar JJ 34823 1341 27 quantity quantity NN 34823 1341 28 . . . 34823 1342 1 Within within IN 34823 1342 2 any any DT 34823 1342 3 single single JJ 34823 1342 4 period period NN 34823 1342 5 of of IN 34823 1342 6 want want VBP 34823 1342 7 every every DT 34823 1342 8 additional additional JJ 34823 1342 9 act act NN 34823 1342 10 of of IN 34823 1342 11 satisfaction satisfaction NN 34823 1342 12 will will MD 34823 1342 13 be be VB 34823 1342 14 estimated estimate VBN 34823 1342 15 less less RBR 34823 1342 16 highly highly RB 34823 1342 17 than than IN 34823 1342 18 a a DT 34823 1342 19 preceding precede VBG 34823 1342 20 one one CD 34823 1342 21 obtained obtain VBN 34823 1342 22 from from IN 34823 1342 23 a a DT 34823 1342 24 quantity quantity NN 34823 1342 25 of of IN 34823 1342 26 goods good NNS 34823 1342 27 equal equal JJ 34823 1342 28 in in IN 34823 1342 29 kind kind NN 34823 1342 30 and and CC 34823 1342 31 amount amount NN 34823 1342 32 . . . 34823 1342 33 " " '' 34823 1343 1 ( ( -LRB- 34823 1343 2 _ _ NNP 34823 1343 3 Natural Natural NNP 34823 1343 4 Value Value NNP 34823 1343 5 _ _ NNP 34823 1343 6 , , , 34823 1343 7 p. p. NN 34823 1344 1 9 9 CD 34823 1344 2 . . . 34823 1344 3 ) ) -RRB- 34823 1345 1 A a DT 34823 1345 2 similar similar JJ 34823 1345 3 statement statement NN 34823 1345 4 is be VBZ 34823 1345 5 in in IN 34823 1345 6 Taussig Taussig NNP 34823 1345 7 's 's POS 34823 1345 8 _ _ NNP 34823 1345 9 Principles Principles NNPS 34823 1345 10 _ _ NNP 34823 1345 11 ( ( -LRB- 34823 1345 12 I i NN 34823 1345 13 , , , 34823 1345 14 124 124 CD 34823 1345 15 ) ) -RRB- 34823 1345 16 , , , 34823 1345 17 " " '' 34823 1345 18 In in IN 34823 1345 19 such such JJ 34823 1345 20 cases case NNS 34823 1345 21 , , , 34823 1345 22 however however RB 34823 1345 23 , , , 34823 1345 24 the the DT 34823 1345 25 tastes taste NNS 34823 1345 26 of of IN 34823 1345 27 the the DT 34823 1345 28 purchasers purchaser NNS 34823 1345 29 may may MD 34823 1345 30 be be VB 34823 1345 31 said say VBN 34823 1345 32 to to TO 34823 1345 33 have have VB 34823 1345 34 changed change VBN 34823 1345 35 in in IN 34823 1345 36 the the DT 34823 1345 37 interval interval NN 34823 1345 38 . . . 34823 1346 1 At at IN 34823 1346 2 any any DT 34823 1346 3 given give VBN 34823 1346 4 stage stage NN 34823 1346 5 of of IN 34823 1346 6 taste taste NN 34823 1346 7 and and CC 34823 1346 8 popularity popularity NN 34823 1346 9 , , , 34823 1346 10 the the DT 34823 1346 11 principle principle NN 34823 1346 12 of of IN 34823 1346 13 diminishing diminish VBG 34823 1346 14 utility utility NN 34823 1346 15 will will MD 34823 1346 16 apply apply VB 34823 1346 17 . . . 34823 1346 18 " " '' 34823 1347 1 Illustrations illustration NNS 34823 1347 2 could could MD 34823 1347 3 be be VB 34823 1347 4 multiplied multiply VBN 34823 1347 5 . . . 34823 1348 1 It -PRON- PRP 34823 1348 2 is be VBZ 34823 1348 3 true true JJ 34823 1348 4 that that IN 34823 1348 5 _ _ NNP 34823 1348 6 future future NN 34823 1348 7 _ _ NNP 34823 1348 8 marginal marginal JJ 34823 1348 9 utilities utility NNS 34823 1348 10 come come VBP 34823 1348 11 into into IN 34823 1348 12 the the DT 34823 1348 13 utility utility NN 34823 1348 14 theory theory NN 34823 1348 15 scheme scheme NN 34823 1348 16 , , , 34823 1348 17 but but CC 34823 1348 18 they -PRON- PRP 34823 1348 19 come come VBP 34823 1348 20 in in RB 34823 1348 21 , , , 34823 1348 22 not not RB 34823 1348 23 as as IN 34823 1348 24 future future JJ 34823 1348 25 utilities utility NNS 34823 1348 26 , , , 34823 1348 27 but but CC 34823 1348 28 as as IN 34823 1348 29 " " `` 34823 1348 30 _ _ NNP 34823 1348 31 present present JJ 34823 1348 32 worths worth NNS 34823 1348 33 _ _ NNP 34823 1348 34 " " '' 34823 1348 35 of of IN 34823 1348 36 future future JJ 34823 1348 37 utilities utility NNS 34823 1348 38 , , , 34823 1348 39 or or CC 34823 1348 40 as as IN 34823 1348 41 " " `` 34823 1348 42 present present JJ 34823 1348 43 anticipated anticipated JJ 34823 1348 44 feelings feeling NNS 34823 1348 45 " " '' 34823 1348 46 in in IN 34823 1348 47 Jevons Jevons NNP 34823 1348 48 ' ' POS 34823 1348 49 phrase[100 phrase[100 NN 34823 1348 50 ] ] -RRB- 34823 1348 51 suffering suffer VBG 34823 1348 52 a a DT 34823 1348 53 discount discount NN 34823 1348 54 , , , 34823 1348 55 usually usually RB 34823 1348 56 , , , 34823 1348 57 in in IN 34823 1348 58 the the DT 34823 1348 59 process process NN 34823 1348 60 . . . 34823 1349 1 But but CC 34823 1349 2 I -PRON- PRP 34823 1349 3 am be VBP 34823 1349 4 not not RB 34823 1349 5 aware aware JJ 34823 1349 6 of of IN 34823 1349 7 any any DT 34823 1349 8 writer writer NN 34823 1349 9 among among IN 34823 1349 10 the the DT 34823 1349 11 founders founder NNS 34823 1349 12 of of IN 34823 1349 13 the the DT 34823 1349 14 utility utility NN 34823 1349 15 school school NN 34823 1349 16 , , , 34823 1349 17 who who WP 34823 1349 18 has have VBZ 34823 1349 19 sought seek VBN 34823 1349 20 to to TO 34823 1349 21 bring bring VB 34823 1349 22 past past JJ 34823 1349 23 utilities utility NNS 34823 1349 24 into into IN 34823 1349 25 the the DT 34823 1349 26 scheme scheme NN 34823 1349 27 . . . 34823 1350 1 The the DT 34823 1350 2 past past NN 34823 1350 3 is be VBZ 34823 1350 4 dead dead JJ 34823 1350 5 . . . 34823 1351 1 Its -PRON- PRP$ 34823 1351 2 effects effect NNS 34823 1351 3 persist persist VBP 34823 1351 4 in in IN 34823 1351 5 the the DT 34823 1351 6 present present NN 34823 1351 7 only only RB 34823 1351 8 in in IN 34823 1351 9 present present JJ 34823 1351 10 processes process NNS 34823 1351 11 . . . 34823 1352 1 A a DT 34823 1352 2 _ _ NNP 34823 1352 3 memory memory NN 34823 1352 4 _ _ NNP 34823 1352 5 is be VBZ 34823 1352 6 a a DT 34823 1352 7 _ _ NNP 34823 1352 8 present present JJ 34823 1352 9 _ _ NNP 34823 1352 10 psychological psychological JJ 34823 1352 11 fact fact NN 34823 1352 12 . . . 34823 1353 1 Consider consider VB 34823 1353 2 further further RB 34823 1353 3 . . . 34823 1354 1 Is be VBZ 34823 1354 2 it -PRON- PRP 34823 1354 3 the the DT 34823 1354 4 prices price NNS 34823 1354 5 of of IN 34823 1354 6 yesterday yesterday NN 34823 1354 7 that that WDT 34823 1354 8 determine determine VBP 34823 1354 9 the the DT 34823 1354 10 subjective subjective JJ 34823 1354 11 value value NN 34823 1354 12 of of IN 34823 1354 13 money money NN 34823 1354 14 to to IN 34823 1354 15 an an DT 34823 1354 16 individual individual NN 34823 1354 17 , , , 34823 1354 18 if if IN 34823 1354 19 the the DT 34823 1354 20 prices price NNS 34823 1354 21 of of IN 34823 1354 22 yesterday yesterday NN 34823 1354 23 are be VBP 34823 1354 24 different different JJ 34823 1354 25 from from IN 34823 1354 26 the the DT 34823 1354 27 prices price NNS 34823 1354 28 of of IN 34823 1354 29 to to IN 34823 1354 30 - - HYPH 34823 1354 31 day day NN 34823 1354 32 , , , 34823 1354 33 _ _ NNP 34823 1354 34 and and CC 34823 1354 35 the the DT 34823 1354 36 individual individual NN 34823 1354 37 knows know VBZ 34823 1354 38 it -PRON- PRP 34823 1354 39 _ _ NNP 34823 1354 40 ? ? . 34823 1355 1 In in IN 34823 1355 2 so so RB 34823 1355 3 far far RB 34823 1355 4 as as IN 34823 1355 5 we -PRON- PRP 34823 1355 6 have have VBP 34823 1355 7 the the DT 34823 1355 8 clear clear JJ 34823 1355 9 , , , 34823 1355 10 intelligent intelligent JJ 34823 1355 11 economic economic JJ 34823 1355 12 mind mind NN 34823 1355 13 , , , 34823 1355 14 seeking seek VBG 34823 1355 15 its -PRON- PRP$ 34823 1355 16 interests interest NNS 34823 1355 17 -- -- : 34823 1355 18 and and CC 34823 1355 19 the the DT 34823 1355 20 marginal marginal JJ 34823 1355 21 utility utility NN 34823 1355 22 theory theory NN 34823 1355 23 assumes assume VBZ 34823 1355 24 this this DT 34823 1355 25 type type NN 34823 1355 26 of of IN 34823 1355 27 mind mind NN 34823 1355 28 -- -- : 34823 1355 29 the the DT 34823 1355 30 tendency tendency NN 34823 1355 31 is be VBZ 34823 1355 32 to to TO 34823 1355 33 bring bring VB 34823 1355 34 all all PDT 34823 1355 35 the the DT 34823 1355 36 factors factor NNS 34823 1355 37 in in IN 34823 1355 38 the the DT 34823 1355 39 problem problem NN 34823 1355 40 into into IN 34823 1355 41 the the DT 34823 1355 42 present present NN 34823 1355 43 . . . 34823 1356 1 If if IN 34823 1356 2 prices price NNS 34823 1356 3 change change VBP 34823 1356 4 slowly slowly RB 34823 1356 5 , , , 34823 1356 6 so so IN 34823 1356 7 that that IN 34823 1356 8 the the DT 34823 1356 9 individual individual NN 34823 1356 10 can can MD 34823 1356 11 count count VB 34823 1356 12 on on IN 34823 1356 13 essentially essentially RB 34823 1356 14 the the DT 34823 1356 15 same same JJ 34823 1356 16 situation situation NN 34823 1356 17 to to IN 34823 1356 18 - - HYPH 34823 1356 19 day day NN 34823 1356 20 that that IN 34823 1356 21 he -PRON- PRP 34823 1356 22 had have VBD 34823 1356 23 yesterday yesterday NN 34823 1356 24 , , , 34823 1356 25 doubtless doubtless RB 34823 1356 26 he -PRON- PRP 34823 1356 27 will will MD 34823 1356 28 not not RB 34823 1356 29 take take VB 34823 1356 30 the the DT 34823 1356 31 trouble trouble NN 34823 1356 32 to to TO 34823 1356 33 recast recast VB 34823 1356 34 his -PRON- PRP$ 34823 1356 35 value value NN 34823 1356 36 system system NN 34823 1356 37 . . . 34823 1357 1 There there EX 34823 1357 2 is be VBZ 34823 1357 3 a a DT 34823 1357 4 tremendous tremendous JJ 34823 1357 5 lot lot NN 34823 1357 6 of of IN 34823 1357 7 trouble trouble NN 34823 1357 8 in in IN 34823 1357 9 bringing bring VBG 34823 1357 10 about about RP 34823 1357 11 , , , 34823 1357 12 in in IN 34823 1357 13 the the DT 34823 1357 14 individual individual NN 34823 1357 15 's 's POS 34823 1357 16 mind mind NN 34823 1357 17 , , , 34823 1357 18 the the DT 34823 1357 19 rational rational JJ 34823 1357 20 equilibration equilibration NN 34823 1357 21 of of IN 34823 1357 22 values value NNS 34823 1357 23 -- -- : 34823 1357 24 trouble trouble NN 34823 1357 25 which which WDT 34823 1357 26 the the DT 34823 1357 27 Austrian austrian JJ 34823 1357 28 theory theory NN 34823 1357 29 commonly commonly RB 34823 1357 30 abstracts abstract VBZ 34823 1357 31 from from IN 34823 1357 32 , , , 34823 1357 33 but but CC 34823 1357 34 which which WDT 34823 1357 35 should should MD 34823 1357 36 be be VB 34823 1357 37 recognized recognize VBN 34823 1357 38 in in IN 34823 1357 39 the the DT 34823 1357 40 analysis analysis NN 34823 1357 41 , , , 34823 1357 42 and and CC 34823 1357 43 accorded accord VBD 34823 1357 44 its -PRON- PRP$ 34823 1357 45 own own JJ 34823 1357 46 marginal marginal JJ 34823 1357 47 significance significance NN 34823 1357 48 in in IN 34823 1357 49 the the DT 34823 1357 50 scale scale NN 34823 1357 51 . . . 34823 1358 1 To to TO 34823 1358 2 throw throw VB 34823 1358 3 the the DT 34823 1358 4 emphasis emphasis NN 34823 1358 5 on on IN 34823 1358 6 inertia inertia NN 34823 1358 7 , , , 34823 1358 8 however however RB 34823 1358 9 , , , 34823 1358 10 and and CC 34823 1358 11 to to TO 34823 1358 12 assume assume VB 34823 1358 13 that that IN 34823 1358 14 men man NNS 34823 1358 15 do do VBP 34823 1358 16 not not RB 34823 1358 17 readjust readjust VB 34823 1358 18 their -PRON- PRP$ 34823 1358 19 margins margin NNS 34823 1358 20 to to TO 34823 1358 21 meet meet VB 34823 1358 22 changed changed JJ 34823 1358 23 conditions condition NNS 34823 1358 24 , , , 34823 1358 25 is be VBZ 34823 1358 26 to to TO 34823 1358 27 depart depart VB 34823 1358 28 from from IN 34823 1358 29 the the DT 34823 1358 30 fundamentals fundamental NNS 34823 1358 31 of of IN 34823 1358 32 the the DT 34823 1358 33 Austrian austrian JJ 34823 1358 34 theory theory NN 34823 1358 35 . . . 34823 1359 1 If if IN 34823 1359 2 the the DT 34823 1359 3 price price NN 34823 1359 4 - - HYPH 34823 1359 5 situation situation NN 34823 1359 6 is be VBZ 34823 1359 7 a a DT 34823 1359 8 rapidly rapidly RB 34823 1359 9 changing change VBG 34823 1359 10 one one CD 34823 1359 11 , , , 34823 1359 12 men man NNS 34823 1359 13 do do VBP 34823 1359 14 rapidly rapidly RB 34823 1359 15 readjust readjust VB 34823 1359 16 their -PRON- PRP$ 34823 1359 17 estimates estimate NNS 34823 1359 18 of of IN 34823 1359 19 money money NN 34823 1359 20 . . . 34823 1360 1 If if IN 34823 1360 2 money money NN 34823 1360 3 is be VBZ 34823 1360 4 fluctuating fluctuate VBG 34823 1360 5 rapidly rapidly RB 34823 1360 6 in in IN 34823 1360 7 value value NN 34823 1360 8 -- -- : 34823 1360 9 as as IN 34823 1360 10 , , , 34823 1360 11 say say UH 34823 1360 12 , , , 34823 1360 13 during during IN 34823 1360 14 a a DT 34823 1360 15 time time NN 34823 1360 16 when when WRB 34823 1360 17 there there EX 34823 1360 18 is be VBZ 34823 1360 19 depreciated depreciate VBN 34823 1360 20 paper paper NN 34823 1360 21 money money NN 34823 1360 22 , , , 34823 1360 23 whose whose WP$ 34823 1360 24 future future NN 34823 1360 25 depends depend VBZ 34823 1360 26 on on IN 34823 1360 27 military military JJ 34823 1360 28 events event NNS 34823 1360 29 , , , 34823 1360 30 the the DT 34823 1360 31 adjustments adjustment NNS 34823 1360 32 may may MD 34823 1360 33 be be VB 34823 1360 34 very very RB 34823 1360 35 rapid rapid JJ 34823 1360 36 indeed indeed RB 34823 1360 37 . . . 34823 1361 1 I -PRON- PRP 34823 1361 2 quote quote VBP 34823 1361 3 the the DT 34823 1361 4 following following NN 34823 1361 5 from from IN 34823 1361 6 the the DT 34823 1361 7 news news NN 34823 1361 8 columns column NNS 34823 1361 9 of of IN 34823 1361 10 the the DT 34823 1361 11 _ _ NNP 34823 1361 12 New New NNP 34823 1361 13 York York NNP 34823 1361 14 Times Times NNP 34823 1361 15 _ _ NNP 34823 1361 16 , , , 34823 1361 17 of of IN 34823 1361 18 April April NNP 34823 1361 19 4 4 CD 34823 1361 20 , , , 34823 1361 21 1914 1914 CD 34823 1361 22 , , , 34823 1361 23 p. p. NN 34823 1361 24 2 2 CD 34823 1361 25 : : : 34823 1361 26 " " `` 34823 1361 27 Jaurez Jaurez NNP 34823 1361 28 , , , 34823 1361 29 Mexico Mexico NNP 34823 1361 30 , , , 34823 1361 31 Apr. April NNP 34823 1362 1 3.--After 3.--after CD 34823 1362 2 the the DT 34823 1362 3 hysterical hysterical JJ 34823 1362 4 outbursts outburst NNS 34823 1362 5 last last JJ 34823 1362 6 night night NN 34823 1362 7 that that WDT 34823 1362 8 greeted greet VBD 34823 1362 9 the the DT 34823 1362 10 news news NN 34823 1362 11 of of IN 34823 1362 12 the the DT 34823 1362 13 fall fall NN 34823 1362 14 of of IN 34823 1362 15 Torreon Torreon NNP 34823 1362 16 , , , 34823 1362 17 this this DT 34823 1362 18 city city NN 34823 1362 19 was be VBD 34823 1362 20 preternaturally preternaturally RB 34823 1362 21 calm calm JJ 34823 1362 22 to to IN 34823 1362 23 - - HYPH 34823 1362 24 day day NN 34823 1362 25 .... .... . 34823 1363 1 The the DT 34823 1363 2 silent silent JJ 34823 1363 3 gentleman gentleman NN 34823 1363 4 with with IN 34823 1363 5 the the DT 34823 1363 6 dyed dyed JJ 34823 1363 7 mustache mustache NN 34823 1363 8 who who WP 34823 1363 9 spins spin VBZ 34823 1363 10 the the DT 34823 1363 11 marble marble NN 34823 1363 12 at at IN 34823 1363 13 the the DT 34823 1363 14 roulette roulette NNP 34823 1363 15 wheel wheel NN 34823 1363 16 in in IN 34823 1363 17 the the DT 34823 1363 18 Jaurez Jaurez NNP 34823 1363 19 Monte Monte NNP 34823 1363 20 Carlo Carlo NNP 34823 1363 21 , , , 34823 1363 22 conducted conduct VBN 34823 1363 23 by by IN 34823 1363 24 Villa Villa NNP 34823 1363 25 's 's POS 34823 1363 26 officers officer NNS 34823 1363 27 for for IN 34823 1363 28 the the DT 34823 1363 29 benefit benefit NN 34823 1363 30 of of IN 34823 1363 31 the the DT 34823 1363 32 rebel rebel JJ 34823 1363 33 treasury treasury NNP 34823 1363 34 , , , 34823 1363 35 seemed seem VBD 34823 1363 36 the the DT 34823 1363 37 only only JJ 34823 1363 38 person person NN 34823 1363 39 who who WP 34823 1363 40 was be VBD 34823 1363 41 not not RB 34823 1363 42 excited excited JJ 34823 1363 43 . . . 34823 1364 1 When when WRB 34823 1364 2 the the DT 34823 1364 3 crowd crowd NN 34823 1364 4 of of IN 34823 1364 5 players player NNS 34823 1364 6 suddenly suddenly RB 34823 1364 7 deserted desert VBD 34823 1364 8 him -PRON- PRP 34823 1364 9 on on IN 34823 1364 10 the the DT 34823 1364 11 sound sound NN 34823 1364 12 of of IN 34823 1364 13 the the DT 34823 1364 14 bugle bugle JJ 34823 1364 15 call call NN 34823 1364 16 of of IN 34823 1364 17 victory victory NN 34823 1364 18 , , , 34823 1364 19 he -PRON- PRP 34823 1364 20 gave give VBD 34823 1364 21 the the DT 34823 1364 22 marble marble NN 34823 1364 23 another another DT 34823 1364 24 whirl whirl NN 34823 1364 25 from from IN 34823 1364 26 sheer sheer JJ 34823 1364 27 force force NN 34823 1364 28 of of IN 34823 1364 29 habit habit NN 34823 1364 30 , , , 34823 1364 31 but but CC 34823 1364 32 none none NN 34823 1364 33 returned return VBD 34823 1364 34 .... .... . 34823 1365 1 In in IN 34823 1365 2 an an DT 34823 1365 3 hour hour NN 34823 1365 4 , , , 34823 1365 5 however however RB 34823 1365 6 , , , 34823 1365 7 play play NN 34823 1365 8 was be VBD 34823 1365 9 faster fast JJR 34823 1365 10 and and CC 34823 1365 11 more more RBR 34823 1365 12 furious furious JJ 34823 1365 13 than than IN 34823 1365 14 ever ever RB 34823 1365 15 , , , 34823 1365 16 for for IN 34823 1365 17 holders holder NNS 34823 1365 18 of of IN 34823 1365 19 Constitutionalist Constitutionalist NNP 34823 1365 20 money money NN 34823 1365 21 early early RB 34823 1365 22 realized realize VBD 34823 1365 23 that that IN 34823 1365 24 their -PRON- PRP$ 34823 1365 25 currency currency NN 34823 1365 26 had have VBD 34823 1365 27 suddenly suddenly RB 34823 1365 28 increased increase VBN 34823 1365 29 in in IN 34823 1365 30 value value NN 34823 1365 31 , , , 34823 1365 32 and and CC 34823 1365 33 that that IN 34823 1365 34 they -PRON- PRP 34823 1365 35 were be VBD 34823 1365 36 somewhat somewhat RB 34823 1365 37 richer rich JJR 34823 1365 38 than than IN 34823 1365 39 before before RB 34823 1365 40 . . . 34823 1365 41 " " '' 34823 1366 1 I -PRON- PRP 34823 1366 2 do do VBP 34823 1366 3 not not RB 34823 1366 4 question question VB 34823 1366 5 the the DT 34823 1366 6 fact fact NN 34823 1366 7 , , , 34823 1366 8 however however RB 34823 1366 9 , , , 34823 1366 10 that that IN 34823 1366 11 men man NNS 34823 1366 12 are be VBP 34823 1366 13 slow slow JJ 34823 1366 14 in in IN 34823 1366 15 making make VBG 34823 1366 16 calculations calculation NNS 34823 1366 17 , , , 34823 1366 18 and and CC 34823 1366 19 that that IN 34823 1366 20 society society NN 34823 1366 21 is be VBZ 34823 1366 22 often often RB 34823 1366 23 unconscious unconscious JJ 34823 1366 24 of of IN 34823 1366 25 changed change VBN 34823 1366 26 conditions condition NNS 34823 1366 27 , , , 34823 1366 28 and and CC 34823 1366 29 often often RB 34823 1366 30 readjusts readjust VBZ 34823 1366 31 less less RBR 34823 1366 32 rapidly rapidly RB 34823 1366 33 than than IN 34823 1366 34 occasion occasion NN 34823 1366 35 requires require VBZ 34823 1366 36 . . . 34823 1367 1 There there EX 34823 1367 2 is be VBZ 34823 1367 3 a a DT 34823 1367 4 vast vast JJ 34823 1367 5 deal deal NN 34823 1367 6 of of IN 34823 1367 7 inertia inertia NN 34823 1367 8 , , , 34823 1367 9 of of IN 34823 1367 10 blind blind JJ 34823 1367 11 habit habit NN 34823 1367 12 , , , 34823 1367 13 of of IN 34823 1367 14 custom custom NN 34823 1367 15 , , , 34823 1367 16 etc etc FW 34823 1367 17 . . . 34823 1368 1 But but CC 34823 1368 2 emphasis emphasis NN 34823 1368 3 on on IN 34823 1368 4 these these DT 34823 1368 5 factors factor NNS 34823 1368 6 is be VBZ 34823 1368 7 not not RB 34823 1368 8 marginal marginal JJ 34823 1368 9 utility utility NN 34823 1368 10 theory theory NN 34823 1368 11 ! ! . 34823 1369 1 Factors factor NNS 34823 1369 2 like like IN 34823 1369 3 these these DT 34823 1369 4 are be VBP 34823 1369 5 emphasized emphasize VBN 34823 1369 6 by by IN 34823 1369 7 a a DT 34823 1369 8 functional functional JJ 34823 1369 9 psychology psychology NN 34823 1369 10 , , , 34823 1369 11 and and CC 34823 1369 12 by by IN 34823 1369 13 a a DT 34823 1369 14 social social JJ 34823 1369 15 psychology psychology NN 34823 1369 16 -- -- : 34823 1369 17 not not RB 34823 1369 18 by by IN 34823 1369 19 an an DT 34823 1369 20 individualistic individualistic JJ 34823 1369 21 psychology psychology NN 34823 1369 22 which which WDT 34823 1369 23 rests rest VBZ 34823 1369 24 on on IN 34823 1369 25 the the DT 34823 1369 26 assumption assumption NN 34823 1369 27 of of IN 34823 1369 28 rational rational JJ 34823 1369 29 calculation calculation NN 34823 1369 30 . . . 34823 1370 1 It -PRON- PRP 34823 1370 2 is be VBZ 34823 1370 3 not not RB 34823 1370 4 _ _ NNP 34823 1370 5 past past IN 34823 1370 6 _ _ NNP 34823 1370 7 utilities utility NNS 34823 1370 8 that that WDT 34823 1370 9 explain explain VBP 34823 1370 10 present present JJ 34823 1370 11 subjective subjective JJ 34823 1370 12 values value NNS 34823 1370 13 of of IN 34823 1370 14 money money NN 34823 1370 15 when when WRB 34823 1370 16 these these DT 34823 1370 17 subjective subjective JJ 34823 1370 18 values value NNS 34823 1370 19 are be VBP 34823 1370 20 out out IN 34823 1370 21 of of IN 34823 1370 22 harmony harmony NN 34823 1370 23 with with IN 34823 1370 24 the the DT 34823 1370 25 present present JJ 34823 1370 26 market market NN 34823 1370 27 facts fact NNS 34823 1370 28 , , , 34823 1370 29 but but CC 34823 1370 30 rather rather RB 34823 1370 31 _ _ NNP 34823 1370 32 present present JJ 34823 1370 33 _ _ NNP 34823 1370 34 habits habit NNS 34823 1370 35 , , , 34823 1370 36 present present JJ 34823 1370 37 customs custom NNS 34823 1370 38 , , , 34823 1370 39 present present JJ 34823 1370 40 disinclination disinclination NN 34823 1370 41 to to TO 34823 1370 42 readjust readjust VB 34823 1370 43 , , , 34823 1370 44 etc etc FW 34823 1370 45 . . . 34823 1371 1 There there EX 34823 1371 2 is be VBZ 34823 1371 3 a a DT 34823 1371 4 big big JJ 34823 1371 5 difference difference NN 34823 1371 6 , , , 34823 1371 7 psychologically psychologically RB 34823 1371 8 , , , 34823 1371 9 between between IN 34823 1371 10 the the DT 34823 1371 11 mental mental JJ 34823 1371 12 processes process NNS 34823 1371 13 through through IN 34823 1371 14 which which WDT 34823 1371 15 one one NN 34823 1371 16 arrived arrive VBD 34823 1371 17 at at IN 34823 1371 18 one one PRP 34823 1371 19 's 's POS 34823 1371 20 present present JJ 34823 1371 21 state state NN 34823 1371 22 of of IN 34823 1371 23 mind mind NN 34823 1371 24 , , , 34823 1371 25 and and CC 34823 1371 26 the the DT 34823 1371 27 present present JJ 34823 1371 28 state state NN 34823 1371 29 of of IN 34823 1371 30 mind mind NN 34823 1371 31 itself -PRON- PRP 34823 1371 32 . . . 34823 1372 1 The the DT 34823 1372 2 original original JJ 34823 1372 3 " " `` 34823 1372 4 commodity commodity NN 34823 1372 5 utility utility NN 34823 1372 6 " " '' 34823 1372 7 of of IN 34823 1372 8 the the DT 34823 1372 9 money money NN 34823 1372 10 metal metal NN 34823 1372 11 , , , 34823 1372 12 in in IN 34823 1372 13 the the DT 34823 1372 14 far far RB 34823 1372 15 away away JJ 34823 1372 16 time time NN 34823 1372 17 before before IN 34823 1372 18 the the DT 34823 1372 19 money money NN 34823 1372 20 use use NN 34823 1372 21 affected affect VBD 34823 1372 22 its -PRON- PRP$ 34823 1372 23 value value NN 34823 1372 24 , , , 34823 1372 25 is be VBZ 34823 1372 26 surely surely RB 34823 1372 27 no no RB 34823 1372 28 longer long RBR 34823 1372 29 a a DT 34823 1372 30 factor factor NN 34823 1372 31 . . . 34823 1373 1 Certainly certainly RB 34823 1373 2 not not RB 34823 1373 3 on on IN 34823 1373 4 the the DT 34823 1373 5 basis basis NN 34823 1373 6 of of IN 34823 1373 7 an an DT 34823 1373 8 individualistic individualistic JJ 34823 1373 9 psychology psychology NN 34823 1373 10 of of IN 34823 1373 11 the the DT 34823 1373 12 Austrian austrian JJ 34823 1373 13 type type NN 34823 1373 14 . . . 34823 1374 1 All all PDT 34823 1374 2 the the DT 34823 1374 3 individuals individual NNS 34823 1374 4 who who WP 34823 1374 5 experienced experience VBD 34823 1374 6 that that IN 34823 1374 7 original original JJ 34823 1374 8 utility utility NN 34823 1374 9 are be VBP 34823 1374 10 long long JJ 34823 1374 11 since since IN 34823 1374 12 dead dead JJ 34823 1374 13 ! ! . 34823 1375 1 Not not RB 34823 1375 2 even even RB 34823 1375 3 memories memory NNS 34823 1375 4 of of IN 34823 1375 5 the the DT 34823 1375 6 original original JJ 34823 1375 7 utilities utility NNS 34823 1375 8 persist persist VBP 34823 1375 9 . . . 34823 1376 1 When when WRB 34823 1376 2 writing write VBG 34823 1376 3 the the DT 34823 1376 4 passage passage NN 34823 1376 5 in in IN 34823 1376 6 _ _ NNP 34823 1376 7 Social Social NNP 34823 1376 8 Value Value NNP 34823 1376 9 _ _ NNP 34823 1376 10 , , , 34823 1376 11 quoted quote VBN 34823 1376 12 above above RB 34823 1376 13 , , , 34823 1376 14 I -PRON- PRP 34823 1376 15 did do VBD 34823 1376 16 not not RB 34823 1376 17 suppose suppose VB 34823 1376 18 that that IN 34823 1376 19 I -PRON- PRP 34823 1376 20 was be VBD 34823 1376 21 dealing deal VBG 34823 1376 22 with with IN 34823 1376 23 a a DT 34823 1376 24 notion notion NN 34823 1376 25 that that IN 34823 1376 26 anyone anyone NN 34823 1376 27 else else RB 34823 1376 28 would would MD 34823 1376 29 ever ever RB 34823 1376 30 take take VB 34823 1376 31 seriously seriously RB 34823 1376 32 . . . 34823 1377 1 My -PRON- PRP$ 34823 1377 2 purpose purpose NN 34823 1377 3 in in IN 34823 1377 4 discussing discuss VBG 34823 1377 5 it -PRON- PRP 34823 1377 6 was be VBD 34823 1377 7 chiefly chiefly JJ 34823 1377 8 to to TO 34823 1377 9 throw throw VB 34823 1377 10 into into IN 34823 1377 11 sharp sharp JJ 34823 1377 12 relief relief NN 34823 1377 13 the the DT 34823 1377 14 contrast contrast NN 34823 1377 15 between between IN 34823 1377 16 the the DT 34823 1377 17 historical historical JJ 34823 1377 18 and and CC 34823 1377 19 the the DT 34823 1377 20 cross cross JJ 34823 1377 21 - - JJ 34823 1377 22 section section JJ 34823 1377 23 viewpoints viewpoint NNS 34823 1377 24 , , , 34823 1377 25 and and CC 34823 1377 26 to to TO 34823 1377 27 make make VB 34823 1377 28 clear clear JJ 34823 1377 29 that that IN 34823 1377 30 my -PRON- PRP$ 34823 1377 31 own own JJ 34823 1377 32 theory theory NN 34823 1377 33 was be VBD 34823 1377 34 based base VBN 34823 1377 35 on on IN 34823 1377 36 analysis analysis NN 34823 1377 37 of of IN 34823 1377 38 existing exist VBG 34823 1377 39 psychological psychological JJ 34823 1377 40 forces force NNS 34823 1377 41 . . . 34823 1378 1 Since since IN 34823 1378 2 finding finding NN 34823 1378 3 , , , 34823 1378 4 however however RB 34823 1378 5 , , , 34823 1378 6 that that IN 34823 1378 7 two two CD 34823 1378 8 writers writer NNS 34823 1378 9 for for IN 34823 1378 10 whose whose WP$ 34823 1378 11 views view NNS 34823 1378 12 I -PRON- PRP 34823 1378 13 have have VBP 34823 1378 14 so so RB 34823 1378 15 much much JJ 34823 1378 16 respect respect NN 34823 1378 17 have have VBP 34823 1378 18 independently independently RB 34823 1378 19 developed develop VBN 34823 1378 20 the the DT 34823 1378 21 same same JJ 34823 1378 22 idea idea NN 34823 1378 23 , , , 34823 1378 24 and and CC 34823 1378 25 have have VBP 34823 1378 26 taken take VBN 34823 1378 27 it -PRON- PRP 34823 1378 28 seriously seriously RB 34823 1378 29 , , , 34823 1378 30 I -PRON- PRP 34823 1378 31 have have VBP 34823 1378 32 felt feel VBN 34823 1378 33 it -PRON- PRP 34823 1378 34 worth worth JJ 34823 1378 35 while while IN 34823 1378 36 to to TO 34823 1378 37 give give VB 34823 1378 38 it -PRON- PRP 34823 1378 39 this this DT 34823 1378 40 extended extend VBN 34823 1378 41 consideration consideration NN 34823 1378 42 . . . 34823 1379 1 Von Von NNP 34823 1379 2 Mises Mises NNP 34823 1379 3 , , , 34823 1379 4 like like IN 34823 1379 5 Wieser Wieser NNP 34823 1379 6 , , , 34823 1379 7 needs need VBZ 34823 1379 8 an an DT 34823 1379 9 absolute absolute JJ 34823 1379 10 value value NN 34823 1379 11 of of IN 34823 1379 12 money money NN 34823 1379 13 in in IN 34823 1379 14 his -PRON- PRP$ 34823 1379 15 thinking thinking NN 34823 1379 16 . . . 34823 1380 1 He -PRON- PRP 34823 1380 2 does do VBZ 34823 1380 3 not not RB 34823 1380 4 call call VB 34823 1380 5 the the DT 34823 1380 6 concept concept NN 34823 1380 7 by by IN 34823 1380 8 that that DT 34823 1380 9 name name NN 34823 1380 10 , , , 34823 1380 11 but but CC 34823 1380 12 , , , 34823 1380 13 following follow VBG 34823 1380 14 Menger[101 Menger[101 NNP 34823 1380 15 ] ] -RRB- 34823 1380 16 speaks speak VBZ 34823 1380 17 of of IN 34823 1380 18 the the DT 34823 1380 19 " " `` 34823 1380 20 inner inner JJ 34823 1380 21 objective objective JJ 34823 1380 22 value value NN 34823 1380 23 of of IN 34823 1380 24 money money NN 34823 1380 25 " " '' 34823 1380 26 and and CC 34823 1380 27 the the DT 34823 1380 28 " " `` 34823 1380 29 outer outer JJ 34823 1380 30 objective objective JJ 34823 1380 31 value value NN 34823 1380 32 of of IN 34823 1380 33 money money NN 34823 1380 34 . . . 34823 1380 35 " " '' 34823 1381 1 ( ( -LRB- 34823 1381 2 Mises Mises NNP 34823 1381 3 , , , 34823 1381 4 p. p. NN 34823 1382 1 132 132 CD 34823 1382 2 . . . 34823 1382 3 ) ) -RRB- 34823 1383 1 The the DT 34823 1383 2 latter latter NN 34823 1383 3 is be VBZ 34823 1383 4 the the DT 34823 1383 5 purchasing purchase VBG 34823 1383 6 power power NN 34823 1383 7 of of IN 34823 1383 8 money money NN 34823 1383 9 , , , 34823 1383 10 a a DT 34823 1383 11 relative relative JJ 34823 1383 12 concept concept NN 34823 1383 13 , , , 34823 1383 14 exactly exactly RB 34823 1383 15 expressed express VBN 34823 1383 16 in in IN 34823 1383 17 the the DT 34823 1383 18 price price NN 34823 1383 19 - - HYPH 34823 1383 20 level level NN 34823 1383 21 . . . 34823 1384 1 The the DT 34823 1384 2 inner inner JJ 34823 1384 3 objective objective JJ 34823 1384 4 value value NN 34823 1384 5 of of IN 34823 1384 6 money money NN 34823 1384 7 is be VBZ 34823 1384 8 designed design VBN 34823 1384 9 to to TO 34823 1384 10 cover cover VB 34823 1384 11 the the DT 34823 1384 12 causes cause NNS 34823 1384 13 of of IN 34823 1384 14 changes change NNS 34823 1384 15 in in IN 34823 1384 16 prices price NNS 34823 1384 17 which which WDT 34823 1384 18 originate originate VBP 34823 1384 19 on on IN 34823 1384 20 the the DT 34823 1384 21 money money NN 34823 1384 22 - - HYPH 34823 1384 23 side side NN 34823 1384 24 of of IN 34823 1384 25 the the DT 34823 1384 26 price price NN 34823 1384 27 relation relation NN 34823 1384 28 alone alone RB 34823 1384 29 . . . 34823 1385 1 [ [ -LRB- 34823 1385 2 102 102 CD 34823 1385 3 ] ] -RRB- 34823 1385 4 This this DT 34823 1385 5 inner inner JJ 34823 1385 6 objective objective JJ 34823 1385 7 value value NN 34823 1385 8 of of IN 34823 1385 9 money money NN 34823 1385 10 performs perform VBZ 34823 1385 11 the the DT 34823 1385 12 same same JJ 34823 1385 13 logical logical JJ 34823 1385 14 function function NN 34823 1385 15 in in IN 34823 1385 16 the the DT 34823 1385 17 theory theory NN 34823 1385 18 of of IN 34823 1385 19 money money NN 34823 1385 20 that that WDT 34823 1385 21 the the DT 34823 1385 22 absolute absolute JJ 34823 1385 23 social social JJ 34823 1385 24 value value NN 34823 1385 25 concept concept NN 34823 1385 26 of of IN 34823 1385 27 the the DT 34823 1385 28 present present JJ 34823 1385 29 writer writer NN 34823 1385 30 does do VBZ 34823 1385 31 , , , 34823 1385 32 even even RB 34823 1385 33 though though IN 34823 1385 34 the the DT 34823 1385 35 psychological psychological JJ 34823 1385 36 explanation explanation NN 34823 1385 37 lying lie VBG 34823 1385 38 behind behind IN 34823 1385 39 it -PRON- PRP 34823 1385 40 is be VBZ 34823 1385 41 very very RB 34823 1385 42 different different JJ 34823 1385 43 . . . 34823 1386 1 Von Von NNP 34823 1386 2 Mises Mises NNP 34823 1386 3 considers consider VBZ 34823 1386 4 the the DT 34823 1386 5 quantity quantity NN 34823 1386 6 theory theory NN 34823 1386 7 at at IN 34823 1386 8 length length NN 34823 1386 9 , , , 34823 1386 10 noting note VBG 34823 1386 11 a a DT 34823 1386 12 number number NN 34823 1386 13 of of IN 34823 1386 14 defects defect NNS 34823 1386 15 in in IN 34823 1386 16 it -PRON- PRP 34823 1386 17 , , , 34823 1386 18 chief chief NN 34823 1386 19 of of IN 34823 1386 20 which which WDT 34823 1386 21 is be VBZ 34823 1386 22 the the DT 34823 1386 23 fact fact NN 34823 1386 24 that that IN 34823 1386 25 it -PRON- PRP 34823 1386 26 has have VBZ 34823 1386 27 no no DT 34823 1386 28 psychological psychological JJ 34823 1386 29 theory theory NN 34823 1386 30 of of IN 34823 1386 31 value value NN 34823 1386 32 behind behind IN 34823 1386 33 it -PRON- PRP 34823 1386 34 , , , 34823 1386 35 that that IN 34823 1386 36 it -PRON- PRP 34823 1386 37 does do VBZ 34823 1386 38 not not RB 34823 1386 39 account account VB 34823 1386 40 for for IN 34823 1386 41 the the DT 34823 1386 42 _ _ NNP 34823 1386 43 existence existence NN 34823 1386 44 _ _ NNP 34823 1386 45 of of IN 34823 1386 46 the the DT 34823 1386 47 value value NN 34823 1386 48 of of IN 34823 1386 49 money money NN 34823 1386 50 , , , 34823 1386 51 and and CC 34823 1386 52 at at IN 34823 1386 53 most most JJS 34823 1386 54 gives give VBZ 34823 1386 55 a a DT 34823 1386 56 law law NN 34823 1386 57 for for IN 34823 1386 58 _ _ NNP 34823 1386 59 changes change NNS 34823 1386 60 _ _ NNP 34823 1386 61 in in IN 34823 1386 62 a a DT 34823 1386 63 value value NN 34823 1386 64 whose whose WP$ 34823 1386 65 existence existence NN 34823 1386 66 is be VBZ 34823 1386 67 taken take VBN 34823 1386 68 for for IN 34823 1386 69 granted grant VBN 34823 1386 70 . . . 34823 1387 1 The the DT 34823 1387 2 details detail NNS 34823 1387 3 of of IN 34823 1387 4 this this DT 34823 1387 5 criticism criticism NN 34823 1387 6 , , , 34823 1387 7 however however RB 34823 1387 8 , , , 34823 1387 9 need nee MD 34823 1387 10 not not RB 34823 1387 11 be be VB 34823 1387 12 here here RB 34823 1387 13 presented present VBN 34823 1387 14 . . . 34823 1388 1 The the DT 34823 1388 2 quantity quantity NN 34823 1388 3 theory theory NN 34823 1388 4 is be VBZ 34823 1388 5 to to TO 34823 1388 6 be be VB 34823 1388 7 treated treat VBN 34823 1388 8 in in IN 34823 1388 9 detail detail NN 34823 1388 10 at at IN 34823 1388 11 a a DT 34823 1388 12 later later JJ 34823 1388 13 point point NN 34823 1388 14 of of IN 34823 1388 15 our -PRON- PRP$ 34823 1388 16 study study NN 34823 1388 17 . . . 34823 1389 1 The the DT 34823 1389 2 writer writer NN 34823 1389 3 who who WP 34823 1389 4 has have VBZ 34823 1389 5 most most RBS 34823 1389 6 definitely definitely RB 34823 1389 7 stated state VBN 34823 1389 8 the the DT 34823 1389 9 relation relation NN 34823 1389 10 of of IN 34823 1389 11 utility utility NN 34823 1389 12 to to IN 34823 1389 13 the the DT 34823 1389 14 functions function NNS 34823 1389 15 of of IN 34823 1389 16 money money NN 34823 1389 17 , , , 34823 1389 18 is be VBZ 34823 1389 19 David David NNP 34823 1389 20 Kinley Kinley NNP 34823 1389 21 ( ( -LRB- 34823 1389 22 _ _ NNP 34823 1389 23 Money Money NNP 34823 1389 24 _ _ NNP 34823 1389 25 , , , 34823 1389 26 ch ch NN 34823 1389 27 . . . 34823 1390 1 viii viii NNP 34823 1390 2 ) ) -RRB- 34823 1390 3 . . . 34823 1391 1 He -PRON- PRP 34823 1391 2 would would MD 34823 1391 3 explain explain VB 34823 1391 4 the the DT 34823 1391 5 value value NN 34823 1391 6 of of IN 34823 1391 7 money money NN 34823 1391 8 , , , 34823 1391 9 by by IN 34823 1391 10 ( ( -LRB- 34823 1391 11 a a LS 34823 1391 12 ) ) -RRB- 34823 1391 13 its -PRON- PRP$ 34823 1391 14 utility utility NN 34823 1391 15 as as IN 34823 1391 16 a a DT 34823 1391 17 commodity commodity NN 34823 1391 18 , , , 34823 1391 19 and and CC 34823 1391 20 ( ( -LRB- 34823 1391 21 b b NN 34823 1391 22 ) ) -RRB- 34823 1391 23 its -PRON- PRP$ 34823 1391 24 utility utility NN 34823 1391 25 in in IN 34823 1391 26 the the DT 34823 1391 27 money money NN 34823 1391 28 - - HYPH 34823 1391 29 employment employment NN 34823 1391 30 , , , 34823 1391 31 the the DT 34823 1391 32 employments employment NNS 34823 1391 33 reaching reach VBG 34823 1391 34 a a DT 34823 1391 35 marginal marginal JJ 34823 1391 36 equilibrium equilibrium NN 34823 1391 37 . . . 34823 1392 1 The the DT 34823 1392 2 utility utility NN 34823 1392 3 of of IN 34823 1392 4 the the DT 34823 1392 5 money money NN 34823 1392 6 metal metal NN 34823 1392 7 in in IN 34823 1392 8 its -PRON- PRP$ 34823 1392 9 commodity commodity NN 34823 1392 10 use use NN 34823 1392 11 calls call VBZ 34823 1392 12 for for IN 34823 1392 13 no no DT 34823 1392 14 analysis analysis NN 34823 1392 15 . . . 34823 1393 1 But but CC 34823 1393 2 what what WP 34823 1393 3 is be VBZ 34823 1393 4 meant mean VBN 34823 1393 5 by by IN 34823 1393 6 the the DT 34823 1393 7 utility utility NN 34823 1393 8 of of IN 34823 1393 9 money money NN 34823 1393 10 as as IN 34823 1393 11 money money NN 34823 1393 12 ? ? . 34823 1394 1 Where where WRB 34823 1394 2 the the DT 34823 1394 3 writers writer NNS 34823 1394 4 so so RB 34823 1394 5 far far RB 34823 1394 6 discussed discuss VBN 34823 1394 7 have have VBP 34823 1394 8 denied deny VBN 34823 1394 9 that that DT 34823 1394 10 money money NN 34823 1394 11 as as IN 34823 1394 12 money money NN 34823 1394 13 has have VBZ 34823 1394 14 any any DT 34823 1394 15 utility utility NN 34823 1394 16 , , , 34823 1394 17 Dean Dean NNP 34823 1394 18 Kinley Kinley NNP 34823 1394 19 finds find VBZ 34823 1394 20 a a DT 34823 1394 21 utility utility NN 34823 1394 22 in in IN 34823 1394 23 the the DT 34823 1394 24 money money NN 34823 1394 25 - - HYPH 34823 1394 26 function function NN 34823 1394 27 itself -PRON- PRP 34823 1394 28 : : : 34823 1394 29 money money NN 34823 1394 30 facilitates facilitate VBZ 34823 1394 31 exchange exchange NN 34823 1394 32 , , , 34823 1394 33 and and CC 34823 1394 34 exchange exchange NN 34823 1394 35 , , , 34823 1394 36 by by IN 34823 1394 37 transferring transfer VBG 34823 1394 38 goods good NNS 34823 1394 39 from from IN 34823 1394 40 those those DT 34823 1394 41 who who WP 34823 1394 42 do do VBP 34823 1394 43 not not RB 34823 1394 44 need need VB 34823 1394 45 them -PRON- PRP 34823 1394 46 to to IN 34823 1394 47 those those DT 34823 1394 48 who who WP 34823 1394 49 do do VBP 34823 1394 50 need need VB 34823 1394 51 them -PRON- PRP 34823 1394 52 , , , 34823 1394 53 increases increase VBZ 34823 1394 54 the the DT 34823 1394 55 utility utility NN 34823 1394 56 of of IN 34823 1394 57 those those DT 34823 1394 58 goods good NNS 34823 1394 59 . . . 34823 1395 1 Money money NN 34823 1395 2 , , , 34823 1395 3 as as IN 34823 1395 4 money money NN 34823 1395 5 , , , 34823 1395 6 thus thus RB 34823 1395 7 produces produce VBZ 34823 1395 8 utility utility NN 34823 1395 9 . . . 34823 1396 1 [ [ -LRB- 34823 1396 2 103 103 CD 34823 1396 3 ] ] -RRB- 34823 1396 4 The the DT 34823 1396 5 utility utility NN 34823 1396 6 of of IN 34823 1396 7 money money NN 34823 1396 8 is be VBZ 34823 1396 9 the the DT 34823 1396 10 extra extra JJ 34823 1396 11 utility utility NN 34823 1396 12 which which WDT 34823 1396 13 comes come VBZ 34823 1396 14 into into IN 34823 1396 15 being being NN 34823 1396 16 by by IN 34823 1396 17 virtue virtue NN 34823 1396 18 of of IN 34823 1396 19 its -PRON- PRP$ 34823 1396 20 use use NN 34823 1396 21 , , , 34823 1396 22 as as IN 34823 1396 23 compared compare VBN 34823 1396 24 with with IN 34823 1396 25 what what WP 34823 1396 26 would would MD 34823 1396 27 exist exist VB 34823 1396 28 in in IN 34823 1396 29 a a DT 34823 1396 30 state state NN 34823 1396 31 of of IN 34823 1396 32 barter barter NN 34823 1396 33 . . . 34823 1397 1 The the DT 34823 1397 2 marginal marginal JJ 34823 1397 3 utility utility NN 34823 1397 4 of of IN 34823 1397 5 money money NN 34823 1397 6 is be VBZ 34823 1397 7 the the DT 34823 1397 8 utility utility NN 34823 1397 9 of of IN 34823 1397 10 money money NN 34823 1397 11 in in IN 34823 1397 12 the the DT 34823 1397 13 marginal marginal JJ 34823 1397 14 exchange exchange NN 34823 1397 15 -- -- : 34823 1397 16 the the DT 34823 1397 17 exchange exchange NN 34823 1397 18 which which WDT 34823 1397 19 would would MD 34823 1397 20 be be VB 34823 1397 21 effected effect VBN 34823 1397 22 by by IN 34823 1397 23 means mean NNS 34823 1397 24 of of IN 34823 1397 25 barter barter NN 34823 1397 26 if if IN 34823 1397 27 money money NN 34823 1397 28 were be VBD 34823 1397 29 any any DT 34823 1397 30 more more RBR 34823 1397 31 difficult difficult JJ 34823 1397 32 to to TO 34823 1397 33 procure procure VB 34823 1397 34 . . . 34823 1398 1 The the DT 34823 1398 2 marginal marginal JJ 34823 1398 3 utility utility NN 34823 1398 4 of of IN 34823 1398 5 money money NN 34823 1398 6 , , , 34823 1398 7 then then RB 34823 1398 8 , , , 34823 1398 9 is be VBZ 34823 1398 10 not not RB 34823 1398 11 the the DT 34823 1398 12 whole whole NN 34823 1398 13 of of IN 34823 1398 14 the the DT 34823 1398 15 marginal marginal JJ 34823 1398 16 utility utility NN 34823 1398 17 of of IN 34823 1398 18 the the DT 34823 1398 19 good good NN 34823 1398 20 for for IN 34823 1398 21 which which WDT 34823 1398 22 it -PRON- PRP 34823 1398 23 is be VBZ 34823 1398 24 exchanged exchange VBN 34823 1398 25 , , , 34823 1398 26 but but CC 34823 1398 27 rather rather RB 34823 1398 28 is be VBZ 34823 1398 29 the the DT 34823 1398 30 differential differential JJ 34823 1398 31 part part NN 34823 1398 32 of of IN 34823 1398 33 that that DT 34823 1398 34 utility utility NN 34823 1398 35 which which WDT 34823 1398 36 is be VBZ 34823 1398 37 created create VBN 34823 1398 38 by by IN 34823 1398 39 means mean NNS 34823 1398 40 of of IN 34823 1398 41 the the DT 34823 1398 42 use use NN 34823 1398 43 of of IN 34823 1398 44 money money NN 34823 1398 45 in in IN 34823 1398 46 exchange exchange NN 34823 1398 47 . . . 34823 1399 1 The the DT 34823 1399 2 marginal marginal JJ 34823 1399 3 utility utility NN 34823 1399 4 of of IN 34823 1399 5 money money NN 34823 1399 6 , , , 34823 1399 7 thus thus RB 34823 1399 8 , , , 34823 1399 9 appears appear VBZ 34823 1399 10 in in IN 34823 1399 11 separate separate JJ 34823 1399 12 services service NNS 34823 1399 13 of of IN 34823 1399 14 money money NN 34823 1399 15 . . . 34823 1400 1 Money money NN 34823 1400 2 is be VBZ 34823 1400 3 a a DT 34823 1400 4 durable durable JJ 34823 1400 5 good good NN 34823 1400 6 , , , 34823 1400 7 which which WDT 34823 1400 8 gives give VBZ 34823 1400 9 forth forth RB 34823 1400 10 its -PRON- PRP$ 34823 1400 11 services service NNS 34823 1400 12 bit bit NN 34823 1400 13 by by IN 34823 1400 14 bit bit NN 34823 1400 15 . . . 34823 1401 1 The the DT 34823 1401 2 value value NN 34823 1401 3 of of IN 34823 1401 4 money money NN 34823 1401 5 is be VBZ 34823 1401 6 based base VBN 34823 1401 7 on on IN 34823 1401 8 these these DT 34823 1401 9 separate separate JJ 34823 1401 10 services service NNS 34823 1401 11 , , , 34823 1401 12 it -PRON- PRP 34823 1401 13 is be VBZ 34823 1401 14 " " `` 34823 1401 15 the the DT 34823 1401 16 capitalized capitalize VBN 34823 1401 17 value value NN 34823 1401 18 of of IN 34823 1401 19 the the DT 34823 1401 20 service service NN 34823 1401 21 rendered render VBN 34823 1401 22 in in IN 34823 1401 23 the the DT 34823 1401 24 marginal marginal JJ 34823 1401 25 exchange exchange NN 34823 1401 26 . . . 34823 1401 27 " " '' 34823 1402 1 This this DT 34823 1402 2 conception conception NN 34823 1402 3 is be VBZ 34823 1402 4 , , , 34823 1402 5 it -PRON- PRP 34823 1402 6 seems seem VBZ 34823 1402 7 to to IN 34823 1402 8 me -PRON- PRP 34823 1402 9 , , , 34823 1402 10 much much JJ 34823 1402 11 truer truer NN 34823 1402 12 to to IN 34823 1402 13 the the DT 34823 1402 14 spirit spirit NN 34823 1402 15 of of IN 34823 1402 16 the the DT 34823 1402 17 general general JJ 34823 1402 18 marginal marginal JJ 34823 1402 19 utility utility NN 34823 1402 20 theory theory NN 34823 1402 21 than than IN 34823 1402 22 the the DT 34823 1402 23 theories theory NNS 34823 1402 24 of of IN 34823 1402 25 Wieser Wieser NNP 34823 1402 26 , , , 34823 1402 27 Schumpeter Schumpeter NNP 34823 1402 28 , , , 34823 1402 29 or or CC 34823 1402 30 von von NNP 34823 1402 31 Mises Mises NNP 34823 1402 32 . . . 34823 1403 1 If if IN 34823 1403 2 the the DT 34823 1403 3 utility utility NN 34823 1403 4 theory theory NN 34823 1403 5 at at IN 34823 1403 6 large large JJ 34823 1403 7 were be VBD 34823 1403 8 valid valid JJ 34823 1403 9 , , , 34823 1403 10 the the DT 34823 1403 11 application application NN 34823 1403 12 here here RB 34823 1403 13 would would MD 34823 1403 14 be be VB 34823 1403 15 valid valid JJ 34823 1403 16 . . . 34823 1404 1 To to IN 34823 1404 2 Dean Dean NNP 34823 1404 3 Kinley Kinley NNP 34823 1404 4 's 's POS 34823 1404 5 conception conception NN 34823 1404 6 of of IN 34823 1404 7 a a DT 34823 1404 8 marginal marginal JJ 34823 1404 9 utility utility NN 34823 1404 10 of of IN 34823 1404 11 the the DT 34823 1404 12 money money NN 34823 1404 13 service service NN 34823 1404 14 , , , 34823 1404 15 I -PRON- PRP 34823 1404 16 offer offer VBP 34823 1404 17 simply simply RB 34823 1404 18 the the DT 34823 1404 19 objections objection NNS 34823 1404 20 which which WDT 34823 1404 21 I -PRON- PRP 34823 1404 22 offer offer VBP 34823 1404 23 to to IN 34823 1404 24 the the DT 34823 1404 25 utility utility NN 34823 1404 26 theory theory NN 34823 1404 27 at at IN 34823 1404 28 large large JJ 34823 1404 29 -- -- : 34823 1404 30 objections objection NNS 34823 1404 31 indicated indicate VBN 34823 1404 32 in in IN 34823 1404 33 what what WP 34823 1404 34 has have VBZ 34823 1404 35 gone go VBN 34823 1404 36 before before RB 34823 1404 37 , , , 34823 1404 38 and and CC 34823 1404 39 in in IN 34823 1404 40 my -PRON- PRP$ 34823 1404 41 _ _ NNP 34823 1404 42 Social Social NNP 34823 1404 43 Value Value NNP 34823 1404 44 _ _ NNP 34823 1404 45 . . . 34823 1405 1 The the DT 34823 1405 2 application application NN 34823 1405 3 of of IN 34823 1405 4 the the DT 34823 1405 5 capitalization capitalization NN 34823 1405 6 theory theory NN 34823 1405 7 to to IN 34823 1405 8 the the DT 34823 1405 9 value value NN 34823 1405 10 of of IN 34823 1405 11 money money NN 34823 1405 12 I -PRON- PRP 34823 1405 13 have have VBP 34823 1405 14 already already RB 34823 1405 15 discussed discuss VBN 34823 1405 16 in in IN 34823 1405 17 a a DT 34823 1405 18 previous previous JJ 34823 1405 19 chapter chapter NN 34823 1405 20 , , , 34823 1405 21 and and CC 34823 1405 22 shall shall MD 34823 1405 23 again again RB 34823 1405 24 consider consider VB 34823 1405 25 in in IN 34823 1405 26 the the DT 34823 1405 27 chapter chapter NN 34823 1405 28 on on IN 34823 1405 29 " " `` 34823 1405 30 The The NNP 34823 1405 31 Functions Functions NNPS 34823 1405 32 of of IN 34823 1405 33 Money Money NNP 34823 1405 34 . . . 34823 1405 35 " " '' 34823 1406 1 I -PRON- PRP 34823 1406 2 conclude conclude VBP 34823 1406 3 that that IN 34823 1406 4 the the DT 34823 1406 5 marginal marginal JJ 34823 1406 6 utility utility NN 34823 1406 7 theory theory NN 34823 1406 8 has have VBZ 34823 1406 9 not not RB 34823 1406 10 solved solve VBN 34823 1406 11 the the DT 34823 1406 12 problem problem NN 34823 1406 13 of of IN 34823 1406 14 the the DT 34823 1406 15 value value NN 34823 1406 16 of of IN 34823 1406 17 money money NN 34823 1406 18 . . . 34823 1407 1 The the DT 34823 1407 2 reason reason NN 34823 1407 3 , , , 34823 1407 4 however however RB 34823 1407 5 , , , 34823 1407 6 is be VBZ 34823 1407 7 simply simply RB 34823 1407 8 that that IN 34823 1407 9 it -PRON- PRP 34823 1407 10 has have VBZ 34823 1407 11 not not RB 34823 1407 12 solved solve VBN 34823 1407 13 the the DT 34823 1407 14 general general JJ 34823 1407 15 problem problem NN 34823 1407 16 of of IN 34823 1407 17 value value NN 34823 1407 18 . . . 34823 1408 1 The the DT 34823 1408 2 marginal marginal JJ 34823 1408 3 utility utility NN 34823 1408 4 theory theory NN 34823 1408 5 , , , 34823 1408 6 in in IN 34823 1408 7 so so RB 34823 1408 8 far far RB 34823 1408 9 as as IN 34823 1408 10 it -PRON- PRP 34823 1408 11 seeks seek VBZ 34823 1408 12 to to TO 34823 1408 13 make make VB 34823 1408 14 marginal marginal JJ 34823 1408 15 utility utility NN 34823 1408 16 the the DT 34823 1408 17 _ _ NNP 34823 1408 18 cause cause IN 34823 1408 19 _ _ NNP 34823 1408 20 of of IN 34823 1408 21 value value NN 34823 1408 22 , , , 34823 1408 23 is be VBZ 34823 1408 24 circular circular JJ 34823 1408 25 . . . 34823 1409 1 The the DT 34823 1409 2 effect effect NN 34823 1409 3 of of IN 34823 1409 4 a a DT 34823 1409 5 given give VBN 34823 1409 6 man man NN 34823 1409 7 's 's POS 34823 1409 8 wants want NNS 34823 1409 9 upon upon IN 34823 1409 10 the the DT 34823 1409 11 value value NN 34823 1409 12 of of IN 34823 1409 13 the the DT 34823 1409 14 goods good NNS 34823 1409 15 he -PRON- PRP 34823 1409 16 wants want VBZ 34823 1409 17 depends depend VBZ 34823 1409 18 , , , 34823 1409 19 not not RB 34823 1409 20 on on IN 34823 1409 21 the the DT 34823 1409 22 marginal marginal JJ 34823 1409 23 intensity intensity NN 34823 1409 24 of of IN 34823 1409 25 those those DT 34823 1409 26 wants want VBZ 34823 1409 27 alone alone RB 34823 1409 28 -- -- : 34823 1409 29 a a DT 34823 1409 30 penniless penniless JJ 34823 1409 31 prisoner prisoner NN 34823 1409 32 may may MD 34823 1409 33 desire desire VB 34823 1409 34 a a DT 34823 1409 35 marble marble NN 34823 1409 36 palace palace NN 34823 1409 37 ever ever RB 34823 1409 38 so so RB 34823 1409 39 intensely intensely RB 34823 1409 40 without without IN 34823 1409 41 affecting affect VBG 34823 1409 42 its -PRON- PRP$ 34823 1409 43 value value NN 34823 1409 44 -- -- : 34823 1409 45 but but CC 34823 1409 46 also also RB 34823 1409 47 upon upon IN 34823 1409 48 the the DT 34823 1409 49 value value NN 34823 1409 50 of of IN 34823 1409 51 the the DT 34823 1409 52 wealth wealth NN 34823 1409 53 possessed possess VBN 34823 1409 54 by by IN 34823 1409 55 the the DT 34823 1409 56 individual individual NN 34823 1409 57 who who WP 34823 1409 58 experiences experience VBZ 34823 1409 59 the the DT 34823 1409 60 wants want NNS 34823 1409 61 . . . 34823 1410 1 But but CC 34823 1410 2 this this DT 34823 1410 3 is be VBZ 34823 1410 4 to to TO 34823 1410 5 explain explain VB 34823 1410 6 value value NN 34823 1410 7 , , , 34823 1410 8 not not RB 34823 1410 9 by by IN 34823 1410 10 marginal marginal JJ 34823 1410 11 utility utility NN 34823 1410 12 alone alone RB 34823 1410 13 , , , 34823 1410 14 but but CC 34823 1410 15 by by IN 34823 1410 16 value value NN 34823 1410 17 as as RB 34823 1410 18 well well RB 34823 1410 19 -- -- : 34823 1410 20 a a DT 34823 1410 21 circle circle NN 34823 1410 22 . . . 34823 1411 1 Or or CC 34823 1411 2 , , , 34823 1411 3 if if IN 34823 1411 4 we -PRON- PRP 34823 1411 5 leave leave VBP 34823 1411 6 the the DT 34823 1411 7 standpoint standpoint NN 34823 1411 8 of of IN 34823 1411 9 absolute absolute JJ 34823 1411 10 values value NNS 34823 1411 11 , , , 34823 1411 12 and and CC 34823 1411 13 look look VB 34823 1411 14 at at IN 34823 1411 15 the the DT 34823 1411 16 matter matter NN 34823 1411 17 in in IN 34823 1411 18 terms term NNS 34823 1411 19 of of IN 34823 1411 20 prices price NNS 34823 1411 21 , , , 34823 1411 22 the the DT 34823 1411 23 same same JJ 34823 1411 24 situation situation NN 34823 1411 25 presents present VBZ 34823 1411 26 itself -PRON- PRP 34823 1411 27 . . . 34823 1412 1 The the DT 34823 1412 2 price price NN 34823 1412 3 which which WDT 34823 1412 4 an an DT 34823 1412 5 individual individual NN 34823 1412 6 is be VBZ 34823 1412 7 willing willing JJ 34823 1412 8 to to TO 34823 1412 9 pay pay VB 34823 1412 10 for for IN 34823 1412 11 a a DT 34823 1412 12 good good JJ 34823 1412 13 depends depend VBZ 34823 1412 14 on on IN 34823 1412 15 his -PRON- PRP$ 34823 1412 16 income,--which income,--which NNP 34823 1412 17 commonly commonly RB 34823 1412 18 rests rest VBZ 34823 1412 19 on on IN 34823 1412 20 prices price NNS 34823 1412 21 -- -- : 34823 1412 22 and and CC 34823 1412 23 on on IN 34823 1412 24 the the DT 34823 1412 25 prices price NNS 34823 1412 26 he -PRON- PRP 34823 1412 27 has have VBZ 34823 1412 28 to to TO 34823 1412 29 pay pay VB 34823 1412 30 for for IN 34823 1412 31 other other JJ 34823 1412 32 goods good NNS 34823 1412 33 which which WDT 34823 1412 34 enter enter VBP 34823 1412 35 into into IN 34823 1412 36 his -PRON- PRP$ 34823 1412 37 budget budget NN 34823 1412 38 . . . 34823 1413 1 His -PRON- PRP$ 34823 1413 2 price price NN 34823 1413 3 - - HYPH 34823 1413 4 offer offer NN 34823 1413 5 , , , 34823 1413 6 expressive expressive JJ 34823 1413 7 of of IN 34823 1413 8 the the DT 34823 1413 9 marginal marginal JJ 34823 1413 10 utility utility NN 34823 1413 11 of of IN 34823 1413 12 a a DT 34823 1413 13 horse horse NN 34823 1413 14 to to IN 34823 1413 15 him -PRON- PRP 34823 1413 16 , , , 34823 1413 17 is be VBZ 34823 1413 18 made make VBN 34823 1413 19 with with IN 34823 1413 20 consideration consideration NN 34823 1413 21 of of IN 34823 1413 22 the the DT 34823 1413 23 price price NN 34823 1413 24 of of IN 34823 1413 25 a a DT 34823 1413 26 buggy buggy NN 34823 1413 27 , , , 34823 1413 28 of of IN 34823 1413 29 harness harness NN 34823 1413 30 , , , 34823 1413 31 of of IN 34823 1413 32 feed feed NN 34823 1413 33 , , , 34823 1413 34 of of IN 34823 1413 35 the the DT 34823 1413 36 wages wage NNS 34823 1413 37 of of IN 34823 1413 38 the the DT 34823 1413 39 servant servant NN 34823 1413 40 who who WP 34823 1413 41 cares care VBZ 34823 1413 42 for for IN 34823 1413 43 the the DT 34823 1413 44 horse horse NN 34823 1413 45 , , , 34823 1413 46 the the DT 34823 1413 47 price price NN 34823 1413 48 of of IN 34823 1413 49 a a DT 34823 1413 50 barn barn NN 34823 1413 51 , , , 34823 1413 52 and and CC 34823 1413 53 of of IN 34823 1413 54 the the DT 34823 1413 55 other other JJ 34823 1413 56 things thing NNS 34823 1413 57 that that WDT 34823 1413 58 the the DT 34823 1413 59 possession possession NN 34823 1413 60 of of IN 34823 1413 61 the the DT 34823 1413 62 horse horse NN 34823 1413 63 involves involve VBZ 34823 1413 64 . . . 34823 1414 1 And and CC 34823 1414 2 not not RB 34823 1414 3 these these DT 34823 1414 4 alone alone JJ 34823 1414 5 : : : 34823 1414 6 less less RBR 34823 1414 7 immediately immediately RB 34823 1414 8 , , , 34823 1414 9 but but CC 34823 1414 10 still still RB 34823 1414 11 vitally vitally RB 34823 1414 12 , , , 34823 1414 13 his -PRON- PRP$ 34823 1414 14 whole whole JJ 34823 1414 15 budget budget NN 34823 1414 16 enters enter VBZ 34823 1414 17 . . . 34823 1415 1 Higher high JJR 34823 1415 2 prices price NNS 34823 1415 3 for for IN 34823 1415 4 theatre theatre NN 34823 1415 5 tickets ticket NNS 34823 1415 6 or or CC 34823 1415 7 for for IN 34823 1415 8 food food NN 34823 1415 9 or or CC 34823 1415 10 for for IN 34823 1415 11 clothing clothing NN 34823 1415 12 will will MD 34823 1415 13 reduce reduce VB 34823 1415 14 his -PRON- PRP$ 34823 1415 15 price price NN 34823 1415 16 - - HYPH 34823 1415 17 offer offer NN 34823 1415 18 for for IN 34823 1415 19 a a DT 34823 1415 20 horse horse NN 34823 1415 21 . . . 34823 1416 1 Further further RB 34823 1416 2 , , , 34823 1416 3 his -PRON- PRP$ 34823 1416 4 price price NN 34823 1416 5 - - HYPH 34823 1416 6 offer offer NN 34823 1416 7 for for IN 34823 1416 8 the the DT 34823 1416 9 horse horse NN 34823 1416 10 will will MD 34823 1416 11 be be VB 34823 1416 12 tremendously tremendously RB 34823 1416 13 influenced influence VBN 34823 1416 14 by by IN 34823 1416 15 his -PRON- PRP$ 34823 1416 16 opinion opinion NN 34823 1416 17 as as IN 34823 1416 18 to to IN 34823 1416 19 the the DT 34823 1416 20 permanent permanent JJ 34823 1416 21 market market NN 34823 1416 22 price price NN 34823 1416 23 of of IN 34823 1416 24 horses horse NNS 34823 1416 25 . . . 34823 1417 1 He -PRON- PRP 34823 1417 2 will will MD 34823 1417 3 not not RB 34823 1417 4 be be VB 34823 1417 5 willing willing JJ 34823 1417 6 to to TO 34823 1417 7 pay pay VB 34823 1417 8 a a DT 34823 1417 9 price price NN 34823 1417 10 for for IN 34823 1417 11 the the DT 34823 1417 12 horse horse NN 34823 1417 13 which which WDT 34823 1417 14 he -PRON- PRP 34823 1417 15 can can MD 34823 1417 16 not not RB 34823 1417 17 expect expect VB 34823 1417 18 to to TO 34823 1417 19 get get VB 34823 1417 20 back back RB 34823 1417 21 if if IN 34823 1417 22 he -PRON- PRP 34823 1417 23 should should MD 34823 1417 24 decide decide VB 34823 1417 25 later later RB 34823 1417 26 to to TO 34823 1417 27 sell sell VB 34823 1417 28 the the DT 34823 1417 29 horse horse NN 34823 1417 30 . . . 34823 1418 1 The the DT 34823 1418 2 direct direct JJ 34823 1418 3 influence influence NN 34823 1418 4 of of IN 34823 1418 5 market market NN 34823 1418 6 price price NN 34823 1418 7 on on IN 34823 1418 8 individual individual JJ 34823 1418 9 demand demand NN 34823 1418 10 - - HYPH 34823 1418 11 price price NN 34823 1418 12 is be VBZ 34823 1418 13 very very RB 34823 1418 14 great great JJ 34823 1418 15 indeed indeed RB 34823 1418 16 . . . 34823 1419 1 Marginal marginal JJ 34823 1419 2 utility utility NN 34823 1419 3 ( ( -LRB- 34823 1419 4 subjective subjective JJ 34823 1419 5 use use NN 34823 1419 6 - - HYPH 34823 1419 7 value value NN 34823 1419 8 ) ) -RRB- 34823 1419 9 very very RB 34823 1419 10 frequently frequently RB 34823 1419 11 gives give VBZ 34823 1419 12 place place NN 34823 1419 13 to to TO 34823 1419 14 subjective subjective JJ 34823 1419 15 value value NN 34823 1419 16 - - HYPH 34823 1419 17 in in IN 34823 1419 18 - - HYPH 34823 1419 19 exchange exchange NN 34823 1419 20 in in IN 34823 1419 21 the the DT 34823 1419 22 determination determination NN 34823 1419 23 of of IN 34823 1419 24 an an DT 34823 1419 25 individual individual NN 34823 1419 26 's 's POS 34823 1419 27 marginal marginal JJ 34823 1419 28 demand demand NN 34823 1419 29 - - HYPH 34823 1419 30 price price NN 34823 1419 31 -- -- : 34823 1419 32 which which WDT 34823 1419 33 means mean VBZ 34823 1419 34 that that IN 34823 1419 35 the the DT 34823 1419 36 market market NN 34823 1419 37 controls control VBZ 34823 1419 38 the the DT 34823 1419 39 individual individual NN 34823 1419 40 instead instead RB 34823 1419 41 of of IN 34823 1419 42 the the DT 34823 1419 43 individual individual NN 34823 1419 44 controlling control VBG 34823 1419 45 the the DT 34823 1419 46 market market NN 34823 1419 47 . . . 34823 1420 1 With with IN 34823 1420 2 sellers seller NNS 34823 1420 3 , , , 34823 1420 4 it -PRON- PRP 34823 1420 5 is be VBZ 34823 1420 6 _ _ NNP 34823 1420 7 generally generally RB 34823 1420 8 _ _ NNP 34823 1420 9 subjective subjective JJ 34823 1420 10 - - HYPH 34823 1420 11 exchange exchange NN 34823 1420 12 - - HYPH 34823 1420 13 value value NN 34823 1420 14 , , , 34823 1420 15 rather rather RB 34823 1420 16 than than IN 34823 1420 17 marginal marginal JJ 34823 1420 18 utility utility NN 34823 1420 19 , , , 34823 1420 20 that that WDT 34823 1420 21 determines determine VBZ 34823 1420 22 supply supply NN 34823 1420 23 - - HYPH 34823 1420 24 price price NN 34823 1420 25 - - HYPH 34823 1420 26 offer offer NN 34823 1420 27 . . . 34823 1421 1 The the DT 34823 1421 2 sellers seller NNS 34823 1421 3 , , , 34823 1421 4 in in IN 34823 1421 5 so so RB 34823 1421 6 far far RB 34823 1421 7 as as IN 34823 1421 8 they -PRON- PRP 34823 1421 9 are be VBP 34823 1421 10 producers producer NNS 34823 1421 11 , , , 34823 1421 12 have have VBP 34823 1421 13 little little JJ 34823 1421 14 need need NN 34823 1421 15 for for IN 34823 1421 16 the the DT 34823 1421 17 great great JJ 34823 1421 18 mass mass NN 34823 1421 19 of of IN 34823 1421 20 their -PRON- PRP$ 34823 1421 21 stocks stock NNS 34823 1421 22 . . . 34823 1422 1 They -PRON- PRP 34823 1422 2 will will MD 34823 1422 3 sell sell VB 34823 1422 4 them -PRON- PRP 34823 1422 5 , , , 34823 1422 6 rather rather RB 34823 1422 7 than than IN 34823 1422 8 keep keep VB 34823 1422 9 them -PRON- PRP 34823 1422 10 , , , 34823 1422 11 at at IN 34823 1422 12 almost almost RB 34823 1422 13 any any DT 34823 1422 14 price price NN 34823 1422 15 . . . 34823 1423 1 The the DT 34823 1423 2 reason reason NN 34823 1423 3 they -PRON- PRP 34823 1423 4 ask ask VBP 34823 1423 5 high high JJ 34823 1423 6 prices price NNS 34823 1423 7 is be VBZ 34823 1423 8 simply simply RB 34823 1423 9 that that IN 34823 1423 10 they -PRON- PRP 34823 1423 11 think think VBP 34823 1423 12 the the DT 34823 1423 13 market market NN 34823 1423 14 will will MD 34823 1423 15 give give VB 34823 1423 16 them -PRON- PRP 34823 1423 17 the the DT 34823 1423 18 high high JJ 34823 1423 19 prices price NNS 34823 1423 20 . . . 34823 1424 1 The the DT 34823 1424 2 individual individual JJ 34823 1424 3 price price NN 34823 1424 4 - - HYPH 34823 1424 5 offers offer NNS 34823 1424 6 , , , 34823 1424 7 in in IN 34823 1424 8 the the DT 34823 1424 9 aggregate aggregate NN 34823 1424 10 therefore therefore RB 34823 1424 11 , , , 34823 1424 12 presuppose presuppose VB 34823 1424 13 the the DT 34823 1424 14 whole whole JJ 34823 1424 15 market market NN 34823 1424 16 situation situation NN 34823 1424 17 -- -- : 34823 1424 18 presuppose presuppose VB 34823 1424 19 a a DT 34823 1424 20 general general JJ 34823 1424 21 value value NN 34823 1424 22 and and CC 34823 1424 23 price price NN 34823 1424 24 system system NN 34823 1424 25 already already RB 34823 1424 26 fixed fix VBN 34823 1424 27 and and CC 34823 1424 28 determined determined JJ 34823 1424 29 . . . 34823 1425 1 Each each DT 34823 1425 2 individual individual JJ 34823 1425 3 price price NN 34823 1425 4 offer offer NN 34823 1425 5 presupposes presuppose VBZ 34823 1425 6 many many JJ 34823 1425 7 other other JJ 34823 1425 8 prices price NNS 34823 1425 9 , , , 34823 1425 10 though though IN 34823 1425 11 not not RB 34823 1425 12 , , , 34823 1425 13 of of IN 34823 1425 14 course course NN 34823 1425 15 , , , 34823 1425 16 the the DT 34823 1425 17 whole whole JJ 34823 1425 18 market market NN 34823 1425 19 . . . 34823 1426 1 Since since IN 34823 1426 2 , , , 34823 1426 3 then then RB 34823 1426 4 , , , 34823 1426 5 much much JJ 34823 1426 6 of of IN 34823 1426 7 the the DT 34823 1426 8 market market NN 34823 1426 9 situation situation NN 34823 1426 10 is be VBZ 34823 1426 11 assumed assume VBN 34823 1426 12 in in IN 34823 1426 13 the the DT 34823 1426 14 determination determination NN 34823 1426 15 of of IN 34823 1426 16 each each DT 34823 1426 17 particular particular JJ 34823 1426 18 price price NN 34823 1426 19 , , , 34823 1426 20 by by IN 34823 1426 21 the the DT 34823 1426 22 Austrian austrian JJ 34823 1426 23 method method NN 34823 1426 24 , , , 34823 1426 25 it -PRON- PRP 34823 1426 26 is be VBZ 34823 1426 27 obviously obviously RB 34823 1426 28 circular circular JJ 34823 1426 29 reasoning reasoning NN 34823 1426 30 to to TO 34823 1426 31 think think VB 34823 1426 32 that that IN 34823 1426 33 the the DT 34823 1426 34 determination determination NN 34823 1426 35 of of IN 34823 1426 36 each each DT 34823 1426 37 price price NN 34823 1426 38 separately separately RB 34823 1426 39 by by IN 34823 1426 40 this this DT 34823 1426 41 method method NN 34823 1426 42 will will MD 34823 1426 43 supply supply VB 34823 1426 44 data datum NNS 34823 1426 45 for for IN 34823 1426 46 a a DT 34823 1426 47 summary summary NN 34823 1426 48 of of IN 34823 1426 49 the the DT 34823 1426 50 market market NN 34823 1426 51 situation situation NN 34823 1426 52 as as IN 34823 1426 53 a a DT 34823 1426 54 whole whole NN 34823 1426 55 . . . 34823 1427 1 In in IN 34823 1427 2 the the DT 34823 1427 3 one one CD 34823 1427 4 form form NN 34823 1427 5 in in IN 34823 1427 6 which which WDT 34823 1427 7 the the DT 34823 1427 8 utility utility NN 34823 1427 9 theory theory NN 34823 1427 10 avoids avoid VBZ 34823 1427 11 a a DT 34823 1427 12 circle,--that circle,--that NNP 34823 1427 13 presented present VBN 34823 1427 14 by by IN 34823 1427 15 Schumpeter Schumpeter NNP 34823 1427 16 , , , 34823 1427 17 and and CC 34823 1427 18 discussed discuss VBD 34823 1427 19 in in IN 34823 1427 20 an an DT 34823 1427 21 earlier early JJR 34823 1427 22 part part NN 34823 1427 23 of of IN 34823 1427 24 this this DT 34823 1427 25 chapter chapter NN 34823 1427 26 -- -- : 34823 1427 27 it -PRON- PRP 34823 1427 28 is be VBZ 34823 1427 29 not not RB 34823 1427 30 a a DT 34823 1427 31 causal causal JJ 34823 1427 32 theory theory NN 34823 1427 33 . . . 34823 1428 1 Marginal marginal JJ 34823 1428 2 utility utility NN 34823 1428 3 is be VBZ 34823 1428 4 not not RB 34823 1428 5 a a DT 34823 1428 6 cause cause NN 34823 1428 7 of of IN 34823 1428 8 market market NN 34823 1428 9 prices price NNS 34823 1428 10 , , , 34823 1428 11 but but CC 34823 1428 12 rather rather RB 34823 1428 13 , , , 34823 1428 14 marginal marginal JJ 34823 1428 15 utilities utility NNS 34823 1428 16 and and CC 34823 1428 17 market market NN 34823 1428 18 prices price NNS 34823 1428 19 are be VBP 34823 1428 20 alike alike RB 34823 1428 21 resultants resultant NNS 34823 1428 22 , , , 34823 1428 23 effects effect NNS 34823 1428 24 , , , 34823 1428 25 of of IN 34823 1428 26 more more JJR 34823 1428 27 fundamental fundamental JJ 34823 1428 28 factors factor NNS 34823 1428 29 . . . 34823 1429 1 No no UH 34823 1429 2 writer[104 writer[104 NN 34823 1429 3 ] ] -RRB- 34823 1429 4 who who WP 34823 1429 5 has have VBZ 34823 1429 6 presented present VBN 34823 1429 7 the the DT 34823 1429 8 utility utility NN 34823 1429 9 theory theory NN 34823 1429 10 in in IN 34823 1429 11 this this DT 34823 1429 12 form form NN 34823 1429 13 has have VBZ 34823 1429 14 tried try VBN 34823 1429 15 to to TO 34823 1429 16 apply apply VB 34823 1429 17 it -PRON- PRP 34823 1429 18 to to IN 34823 1429 19 the the DT 34823 1429 20 value value NN 34823 1429 21 of of IN 34823 1429 22 money money NN 34823 1429 23 , , , 34823 1429 24 and and CC 34823 1429 25 even even RB 34823 1429 26 if if IN 34823 1429 27 it -PRON- PRP 34823 1429 28 could could MD 34823 1429 29 be be VB 34823 1429 30 so so RB 34823 1429 31 applied apply VBN 34823 1429 32 , , , 34823 1429 33 it -PRON- PRP 34823 1429 34 would would MD 34823 1429 35 not not RB 34823 1429 36 give give VB 34823 1429 37 a a DT 34823 1429 38 causal causal JJ 34823 1429 39 explanation explanation NN 34823 1429 40 of of IN 34823 1429 41 the the DT 34823 1429 42 value value NN 34823 1429 43 of of IN 34823 1429 44 money money NN 34823 1429 45 in in IN 34823 1429 46 terms term NNS 34823 1429 47 of of IN 34823 1429 48 marginal marginal JJ 34823 1429 49 utility utility NN 34823 1429 50 . . . 34823 1430 1 In in IN 34823 1430 2 most most JJS 34823 1430 3 of of IN 34823 1430 4 the the DT 34823 1430 5 efforts effort NNS 34823 1430 6 to to TO 34823 1430 7 apply apply VB 34823 1430 8 the the DT 34823 1430 9 utility utility NN 34823 1430 10 theory theory NN 34823 1430 11 to to IN 34823 1430 12 money money NN 34823 1430 13 , , , 34823 1430 14 the the DT 34823 1430 15 circle circle NN 34823 1430 16 becomes become VBZ 34823 1430 17 so so RB 34823 1430 18 obvious obvious JJ 34823 1430 19 that that IN 34823 1430 20 one one CD 34823 1430 21 marvels marvel VBZ 34823 1430 22 that that WDT 34823 1430 23 able able JJ 34823 1430 24 theorists theorist NNS 34823 1430 25 should should MD 34823 1430 26 for for IN 34823 1430 27 a a DT 34823 1430 28 moment moment NN 34823 1430 29 fail fail VBP 34823 1430 30 to to TO 34823 1430 31 see see VB 34823 1430 32 it -PRON- PRP 34823 1430 33 . . . 34823 1431 1 PART PART NNP 34823 1431 2 II ii CD 34823 1431 3 . . . 34823 1432 1 THE the DT 34823 1432 2 QUANTITY QUANTITY NNP 34823 1432 3 THEORY THEORY NNP 34823 1432 4 CHAPTER CHAPTER NNP 34823 1432 5 VI VI NNP 34823 1432 6 THE the DT 34823 1432 7 QUANTITY QUANTITY NNP 34823 1432 8 THEORY theory NN 34823 1432 9 OF of IN 34823 1432 10 PRICES prices NN 34823 1432 11 . . . 34823 1433 1 INTRODUCTION introduction NN 34823 1433 2 The the DT 34823 1433 3 quantity quantity NN 34823 1433 4 theory theory NN 34823 1433 5 , , , 34823 1433 6 in in IN 34823 1433 7 its -PRON- PRP$ 34823 1433 8 usual usual JJ 34823 1433 9 formulations formulation NNS 34823 1433 10 , , , 34823 1433 11 is be VBZ 34823 1433 12 a a DT 34823 1433 13 theory theory NN 34823 1433 14 , , , 34823 1433 15 not not RB 34823 1433 16 of of IN 34823 1433 17 the the DT 34823 1433 18 value value NN 34823 1433 19 of of IN 34823 1433 20 money money NN 34823 1433 21 , , , 34823 1433 22 in in IN 34823 1433 23 the the DT 34823 1433 24 absolute absolute JJ 34823 1433 25 sense sense NN 34823 1433 26 of of IN 34823 1433 27 value value NN 34823 1433 28 , , , 34823 1433 29 but but CC 34823 1433 30 of of IN 34823 1433 31 the the DT 34823 1433 32 general general JJ 34823 1433 33 price price NN 34823 1433 34 - - HYPH 34823 1433 35 level level NN 34823 1433 36 , , , 34823 1433 37 the the DT 34823 1433 38 average average JJ 34823 1433 39 price price NN 34823 1433 40 of of IN 34823 1433 41 goods good NNS 34823 1433 42 exchanged exchange VBN 34823 1433 43 for for IN 34823 1433 44 money money NN 34823 1433 45 . . . 34823 1434 1 It -PRON- PRP 34823 1434 2 is be VBZ 34823 1434 3 not not RB 34823 1434 4 a a DT 34823 1434 5 psychological psychological JJ 34823 1434 6 theory theory NN 34823 1434 7 . . . 34823 1435 1 It -PRON- PRP 34823 1435 2 does do VBZ 34823 1435 3 not not RB 34823 1435 4 deal deal VB 34823 1435 5 with with IN 34823 1435 6 psychological psychological JJ 34823 1435 7 quantities quantity NNS 34823 1435 8 , , , 34823 1435 9 or or CC 34823 1435 10 psychological psychological JJ 34823 1435 11 forces force NNS 34823 1435 12 . . . 34823 1436 1 It -PRON- PRP 34823 1436 2 is be VBZ 34823 1436 3 a a DT 34823 1436 4 mechanical mechanical JJ 34823 1436 5 theory theory NN 34823 1436 6 , , , 34823 1436 7 concerned concern VBN 34823 1436 8 simply simply RB 34823 1436 9 with with IN 34823 1436 10 quantities quantity NNS 34823 1436 11 , , , 34823 1436 12 and and CC 34823 1436 13 the the DT 34823 1436 14 relations relation NNS 34823 1436 15 between between IN 34823 1436 16 them -PRON- PRP 34823 1436 17 . . . 34823 1437 1 The the DT 34823 1437 2 essence essence NN 34823 1437 3 of of IN 34823 1437 4 the the DT 34823 1437 5 quantity quantity NN 34823 1437 6 theory theory NN 34823 1437 7 comes come VBZ 34823 1437 8 out out RP 34823 1437 9 in in IN 34823 1437 10 the the DT 34823 1437 11 following follow VBG 34823 1437 12 brief brief JJ 34823 1437 13 statement statement NN 34823 1437 14 : : : 34823 1437 15 given give VBN 34823 1437 16 a a DT 34823 1437 17 number number NN 34823 1437 18 of of IN 34823 1437 19 units unit NNS 34823 1437 20 of of IN 34823 1437 21 money money NN 34823 1437 22 ; ; : 34823 1437 23 given give VBN 34823 1437 24 a a DT 34823 1437 25 number number NN 34823 1437 26 of of IN 34823 1437 27 units unit NNS 34823 1437 28 of of IN 34823 1437 29 goods good NNS 34823 1437 30 to to TO 34823 1437 31 be be VB 34823 1437 32 exchanged exchange VBN 34823 1437 33 ; ; : 34823 1437 34 assume assume VB 34823 1437 35 these these DT 34823 1437 36 two two CD 34823 1437 37 numbers number NNS 34823 1437 38 to to TO 34823 1437 39 be be VB 34823 1437 40 independent[105 independent[105 . 34823 1437 41 ] ] -RRB- 34823 1437 42 of of IN 34823 1437 43 each each DT 34823 1437 44 other other JJ 34823 1437 45 ; ; : 34823 1437 46 assume assume VB 34823 1437 47 all all PDT 34823 1437 48 the the DT 34823 1437 49 goods good NNS 34823 1437 50 to to TO 34823 1437 51 be be VB 34823 1437 52 exchanged exchange VBN 34823 1437 53 for for IN 34823 1437 54 all all PDT 34823 1437 55 the the DT 34823 1437 56 money money NN 34823 1437 57 ; ; : 34823 1437 58 then then RB 34823 1437 59 the the DT 34823 1437 60 average average JJ 34823 1437 61 price price NN 34823 1437 62 will will MD 34823 1437 63 be be VB 34823 1437 64 a a DT 34823 1437 65 simple simple JJ 34823 1437 66 function function NN 34823 1437 67 of of IN 34823 1437 68 the the DT 34823 1437 69 quantities quantity NNS 34823 1437 70 of of IN 34823 1437 71 goods good NNS 34823 1437 72 and and CC 34823 1437 73 of of IN 34823 1437 74 money money NN 34823 1437 75 respectively respectively RB 34823 1437 76 , , , 34823 1437 77 such such JJ 34823 1437 78 that that IN 34823 1437 79 an an DT 34823 1437 80 increase increase NN 34823 1437 81 in in IN 34823 1437 82 the the DT 34823 1437 83 amount amount NN 34823 1437 84 of of IN 34823 1437 85 money money NN 34823 1437 86 will will MD 34823 1437 87 increase increase VB 34823 1437 88 the the DT 34823 1437 89 average average JJ 34823 1437 90 price price NN 34823 1437 91 per per IN 34823 1437 92 unit unit NN 34823 1437 93 of of IN 34823 1437 94 goods good NNS 34823 1437 95 proportionately proportionately RB 34823 1437 96 , , , 34823 1437 97 if if IN 34823 1437 98 goods good NNS 34823 1437 99 remain remain VBP 34823 1437 100 unchanged unchanged JJ 34823 1437 101 in in IN 34823 1437 102 amount amount NN 34823 1437 103 , , , 34823 1437 104 or or CC 34823 1437 105 an an DT 34823 1437 106 increase increase NN 34823 1437 107 in in IN 34823 1437 108 goods good NNS 34823 1437 109 will will MD 34823 1437 110 lower lower VB 34823 1437 111 the the DT 34823 1437 112 price price NN 34823 1437 113 per per IN 34823 1437 114 unit unit NN 34823 1437 115 proportionately proportionately RB 34823 1437 116 , , , 34823 1437 117 money money NN 34823 1437 118 being be VBG 34823 1437 119 assumed assume VBN 34823 1437 120 to to TO 34823 1437 121 remain remain VB 34823 1437 122 unchanged unchanged JJ 34823 1437 123 in in IN 34823 1437 124 amount amount NN 34823 1437 125 . . . 34823 1438 1 The the DT 34823 1438 2 qualification qualification NN 34823 1438 3 is be VBZ 34823 1438 4 commonly commonly RB 34823 1438 5 added add VBN 34823 1438 6 that that IN 34823 1438 7 if if IN 34823 1438 8 goods good NNS 34823 1438 9 have have VBP 34823 1438 10 to to TO 34823 1438 11 be be VB 34823 1438 12 exchanged exchange VBN 34823 1438 13 more more RBR 34823 1438 14 than than IN 34823 1438 15 once once RB 34823 1438 16 , , , 34823 1438 17 the the DT 34823 1438 18 effect effect NN 34823 1438 19 is be VBZ 34823 1438 20 the the DT 34823 1438 21 same same JJ 34823 1438 22 on on IN 34823 1438 23 prices price NNS 34823 1438 24 as as IN 34823 1438 25 if if IN 34823 1438 26 there there EX 34823 1438 27 were be VBD 34823 1438 28 an an DT 34823 1438 29 added add VBN 34823 1438 30 number number NN 34823 1438 31 of of IN 34823 1438 32 goods good NNS 34823 1438 33 equal equal JJ 34823 1438 34 to to IN 34823 1438 35 the the DT 34823 1438 36 added add VBN 34823 1438 37 number number NN 34823 1438 38 of of IN 34823 1438 39 exchanges exchange NNS 34823 1438 40 , , , 34823 1438 41 and and CC 34823 1438 42 that that IN 34823 1438 43 if if IN 34823 1438 44 money money NN 34823 1438 45 is be VBZ 34823 1438 46 used use VBN 34823 1438 47 more more RBR 34823 1438 48 than than IN 34823 1438 49 once once RB 34823 1438 50 in in IN 34823 1438 51 exchanging exchange VBG 34823 1438 52 a a DT 34823 1438 53 given give VBN 34823 1438 54 number number NN 34823 1438 55 of of IN 34823 1438 56 goods good NNS 34823 1438 57 , , , 34823 1438 58 the the DT 34823 1438 59 effect effect NN 34823 1438 60 is be VBZ 34823 1438 61 the the DT 34823 1438 62 same same JJ 34823 1438 63 as as IN 34823 1438 64 if if IN 34823 1438 65 there there EX 34823 1438 66 were be VBD 34823 1438 67 proportionately proportionately RB 34823 1438 68 more more JJR 34823 1438 69 money money NN 34823 1438 70 . . . 34823 1439 1 Both both DT 34823 1439 2 quantity quantity NN 34823 1439 3 of of IN 34823 1439 4 goods good NNS 34823 1439 5 and and CC 34823 1439 6 quantity quantity NN 34823 1439 7 of of IN 34823 1439 8 money money NN 34823 1439 9 are be VBP 34823 1439 10 commonly commonly RB 34823 1439 11 defined define VBN 34823 1439 12 as as IN 34823 1439 13 actual actual JJ 34823 1439 14 quantity quantity NN 34823 1439 15 multiplied multiply VBN 34823 1439 16 by by IN 34823 1439 17 " " `` 34823 1439 18 rapidity rapidity NN 34823 1439 19 of of IN 34823 1439 20 circulation circulation NN 34823 1439 21 . . . 34823 1439 22 " " '' 34823 1440 1 Rapidity rapidity NN 34823 1440 2 of of IN 34823 1440 3 circulation circulation NN 34823 1440 4 , , , 34823 1440 5 however however RB 34823 1440 6 , , , 34823 1440 7 for for IN 34823 1440 8 both both DT 34823 1440 9 money money NN 34823 1440 10 and and CC 34823 1440 11 goods good NNS 34823 1440 12 , , , 34823 1440 13 is be VBZ 34823 1440 14 commonly commonly RB 34823 1440 15 thought think VBN 34823 1440 16 of of IN 34823 1440 17 as as IN 34823 1440 18 a a DT 34823 1440 19 constant constant NN 34823 1440 20 , , , 34823 1440 21 so so IN 34823 1440 22 that that IN 34823 1440 23 the the DT 34823 1440 24 original original JJ 34823 1440 25 formula formula NN 34823 1440 26 remains remain VBZ 34823 1440 27 unaffected unaffected JJ 34823 1440 28 by by IN 34823 1440 29 the the DT 34823 1440 30 qualification qualification NN 34823 1440 31 , , , 34823 1440 32 so so RB 34823 1440 33 far far RB 34823 1440 34 as as IN 34823 1440 35 a a DT 34823 1440 36 prediction prediction NN 34823 1440 37 as as IN 34823 1440 38 to to IN 34823 1440 39 the the DT 34823 1440 40 effect effect NN 34823 1440 41 of of IN 34823 1440 42 increase increase NN 34823 1440 43 or or CC 34823 1440 44 decrease decrease NN 34823 1440 45 of of IN 34823 1440 46 money money NN 34823 1440 47 or or CC 34823 1440 48 goods good NNS 34823 1440 49 on on IN 34823 1440 50 prices price NNS 34823 1440 51 is be VBZ 34823 1440 52 concerned concern VBN 34823 1440 53 . . . 34823 1441 1 Involved involve VBN 34823 1441 2 in in IN 34823 1441 3 the the DT 34823 1441 4 quantity quantity NN 34823 1441 5 theory theory NN 34823 1441 6 , , , 34823 1441 7 and and CC 34823 1441 8 explicitly explicitly RB 34823 1441 9 stated state VBN 34823 1441 10 by by IN 34823 1441 11 many many JJ 34823 1441 12 writers writer NNS 34823 1441 13 , , , 34823 1441 14 is be VBZ 34823 1441 15 the the DT 34823 1441 16 doctrine doctrine NN 34823 1441 17 that that IN 34823 1441 18 the the DT 34823 1441 19 substance substance NN 34823 1441 20 of of IN 34823 1441 21 which which WDT 34823 1441 22 money money NN 34823 1441 23 is be VBZ 34823 1441 24 made make VBN 34823 1441 25 is be VBZ 34823 1441 26 irrelevant irrelevant JJ 34823 1441 27 , , , 34823 1441 28 that that IN 34823 1441 29 it -PRON- PRP 34823 1441 30 is be VBZ 34823 1441 31 the the DT 34823 1441 32 number number NN 34823 1441 33 , , , 34823 1441 34 and and CC 34823 1441 35 not not RB 34823 1441 36 the the DT 34823 1441 37 quality quality NN 34823 1441 38 or or CC 34823 1441 39 size size NN 34823 1441 40 of of IN 34823 1441 41 the the DT 34823 1441 42 money money NN 34823 1441 43 - - HYPH 34823 1441 44 units unit NNS 34823 1441 45 that that WDT 34823 1441 46 counts count VBZ 34823 1441 47 . . . 34823 1442 1 " " `` 34823 1442 2 In in IN 34823 1442 3 short short JJ 34823 1442 4 , , , 34823 1442 5 the the DT 34823 1442 6 quantity quantity NN 34823 1442 7 theory theory NN 34823 1442 8 asserts assert VBZ 34823 1442 9 that that IN 34823 1442 10 ( ( -LRB- 34823 1442 11 provided provide VBN 34823 1442 12 velocity velocity NN 34823 1442 13 of of IN 34823 1442 14 circulation circulation NN 34823 1442 15 and and CC 34823 1442 16 volume volume NN 34823 1442 17 of of IN 34823 1442 18 trade trade NN 34823 1442 19 are be VBP 34823 1442 20 unchanged unchanged JJ 34823 1442 21 ) ) -RRB- 34823 1442 22 if if IN 34823 1442 23 we -PRON- PRP 34823 1442 24 increase increase VBP 34823 1442 25 the the DT 34823 1442 26 _ _ NNP 34823 1442 27 number number NN 34823 1442 28 _ _ NNP 34823 1442 29 of of IN 34823 1442 30 dollars dollar NNS 34823 1442 31 , , , 34823 1442 32 whether whether IN 34823 1442 33 by by IN 34823 1442 34 renaming rename VBG 34823 1442 35 coins coin NNS 34823 1442 36 , , , 34823 1442 37 or or CC 34823 1442 38 by by IN 34823 1442 39 debasing debase VBG 34823 1442 40 coins coin NNS 34823 1442 41 , , , 34823 1442 42 or or CC 34823 1442 43 by by IN 34823 1442 44 increasing increase VBG 34823 1442 45 coinage coinage NN 34823 1442 46 , , , 34823 1442 47 or or CC 34823 1442 48 by by IN 34823 1442 49 any any DT 34823 1442 50 other other JJ 34823 1442 51 means mean NNS 34823 1442 52 , , , 34823 1442 53 prices price NNS 34823 1442 54 will will MD 34823 1442 55 be be VB 34823 1442 56 increased increase VBN 34823 1442 57 in in IN 34823 1442 58 the the DT 34823 1442 59 same same JJ 34823 1442 60 proportion proportion NN 34823 1442 61 . . . 34823 1443 1 It -PRON- PRP 34823 1443 2 is be VBZ 34823 1443 3 the the DT 34823 1443 4 number number NN 34823 1443 5 , , , 34823 1443 6 and and CC 34823 1443 7 not not RB 34823 1443 8 the the DT 34823 1443 9 weight weight NN 34823 1443 10 , , , 34823 1443 11 that that RB 34823 1443 12 is be VBZ 34823 1443 13 essential essential JJ 34823 1443 14 . . . 34823 1444 1 This this DT 34823 1444 2 fact fact NN 34823 1444 3 needs need VBZ 34823 1444 4 great great JJ 34823 1444 5 emphasis emphasis NN 34823 1444 6 . . . 34823 1445 1 It -PRON- PRP 34823 1445 2 is be VBZ 34823 1445 3 a a DT 34823 1445 4 fact fact NN 34823 1445 5 which which WDT 34823 1445 6 differentiates differentiate VBZ 34823 1445 7 money money NN 34823 1445 8 from from IN 34823 1445 9 all all DT 34823 1445 10 other other JJ 34823 1445 11 goods good NNS 34823 1445 12 and and CC 34823 1445 13 explains explain VBZ 34823 1445 14 the the DT 34823 1445 15 peculiar peculiar JJ 34823 1445 16 manner manner NN 34823 1445 17 in in IN 34823 1445 18 which which WDT 34823 1445 19 its -PRON- PRP$ 34823 1445 20 purchasing purchasing NN 34823 1445 21 power power NN 34823 1445 22 is be VBZ 34823 1445 23 related relate VBN 34823 1445 24 to to IN 34823 1445 25 other other JJ 34823 1445 26 goods good NNS 34823 1445 27 . . . 34823 1446 1 Sugar Sugar NNP 34823 1446 2 , , , 34823 1446 3 for for IN 34823 1446 4 instance instance NN 34823 1446 5 , , , 34823 1446 6 has have VBZ 34823 1446 7 a a DT 34823 1446 8 specific specific JJ 34823 1446 9 desirability desirability NN 34823 1446 10 dependent dependent JJ 34823 1446 11 on on IN 34823 1446 12 its -PRON- PRP$ 34823 1446 13 quantity quantity NN 34823 1446 14 in in IN 34823 1446 15 pounds pound NNS 34823 1446 16 . . . 34823 1447 1 Money money NN 34823 1447 2 has have VBZ 34823 1447 3 no no DT 34823 1447 4 such such JJ 34823 1447 5 quality quality NN 34823 1447 6 . . . 34823 1448 1 The the DT 34823 1448 2 value value NN 34823 1448 3 of of IN 34823 1448 4 sugar sugar NN 34823 1448 5 depends depend VBZ 34823 1448 6 on on IN 34823 1448 7 its -PRON- PRP$ 34823 1448 8 _ _ NNP 34823 1448 9 actual actual JJ 34823 1448 10 quantity quantity NN 34823 1448 11 _ _ NNP 34823 1448 12 . . . 34823 1449 1 If if IN 34823 1449 2 the the DT 34823 1449 3 quantity quantity NN 34823 1449 4 of of IN 34823 1449 5 sugar sugar NN 34823 1449 6 is be VBZ 34823 1449 7 changed change VBN 34823 1449 8 from from IN 34823 1449 9 1,000,000 1,000,000 CD 34823 1449 10 pounds pound NNS 34823 1449 11 to to IN 34823 1449 12 1,000,000 1,000,000 CD 34823 1449 13 hundredweight hundredweight NN 34823 1449 14 , , , 34823 1449 15 it -PRON- PRP 34823 1449 16 does do VBZ 34823 1449 17 not not RB 34823 1449 18 follow follow VB 34823 1449 19 that that IN 34823 1449 20 a a DT 34823 1449 21 hundredweight hundredweight NN 34823 1449 22 will will MD 34823 1449 23 have have VB 34823 1449 24 the the DT 34823 1449 25 value value NN 34823 1449 26 previously previously RB 34823 1449 27 possessed possess VBN 34823 1449 28 by by IN 34823 1449 29 a a DT 34823 1449 30 pound pound NN 34823 1449 31 . . . 34823 1450 1 But but CC 34823 1450 2 if if IN 34823 1450 3 money money NN 34823 1450 4 in in IN 34823 1450 5 circulation circulation NN 34823 1450 6 is be VBZ 34823 1450 7 changed change VBN 34823 1450 8 from from IN 34823 1450 9 1,000,000 1,000,000 CD 34823 1450 10 units unit NNS 34823 1450 11 of of IN 34823 1450 12 one one CD 34823 1450 13 weight weight NN 34823 1450 14 to to IN 34823 1450 15 1,000,000 1,000,000 CD 34823 1450 16 units unit NNS 34823 1450 17 of of IN 34823 1450 18 another another DT 34823 1450 19 weight weight NN 34823 1450 20 , , , 34823 1450 21 the the DT 34823 1450 22 value value NN 34823 1450 23 of of IN 34823 1450 24 each each DT 34823 1450 25 unit unit NN 34823 1450 26 will will MD 34823 1450 27 remain remain VB 34823 1450 28 unchanged unchanged JJ 34823 1450 29 . . . 34823 1450 30 " " '' 34823 1451 1 ( ( -LRB- 34823 1451 2 Irving Irving NNP 34823 1451 3 Fisher Fisher NNP 34823 1451 4 , , , 34823 1451 5 _ _ NNP 34823 1451 6 Purchasing Purchasing NNP 34823 1451 7 Power Power NNP 34823 1451 8 of of IN 34823 1451 9 Money Money NNP 34823 1451 10 _ _ NNP 34823 1451 11 , , , 34823 1451 12 pp pp NNP 34823 1451 13 . . . 34823 1452 1 31 31 CD 34823 1452 2 - - SYM 34823 1452 3 32 32 CD 34823 1452 4 . . . 34823 1452 5 ) ) -RRB- 34823 1453 1 To to IN 34823 1453 2 the the DT 34823 1453 3 same same JJ 34823 1453 4 effect effect NN 34823 1453 5 is be VBZ 34823 1453 6 Nicholson Nicholson NNP 34823 1453 7 's 's POS 34823 1453 8 exposition exposition NN 34823 1453 9 , , , 34823 1453 10 in in IN 34823 1453 11 which which WDT 34823 1453 12 the the DT 34823 1453 13 money money NN 34823 1453 14 is be VBZ 34823 1453 15 assumed assume VBN 34823 1453 16 to to TO 34823 1453 17 consist consist VB 34823 1453 18 of of IN 34823 1453 19 dodo dodo NN 34823 1453 20 - - HYPH 34823 1453 21 bones bone NNS 34823 1453 22 , , , 34823 1453 23 the the DT 34823 1453 24 most most RBS 34823 1453 25 useless useless JJ 34823 1453 26 substance substance NN 34823 1453 27 that that IN 34823 1453 28 Nicholson Nicholson NNP 34823 1453 29 could could MD 34823 1453 30 think think VB 34823 1453 31 of of IN 34823 1453 32 . . . 34823 1454 1 For for IN 34823 1454 2 the the DT 34823 1454 3 quantity quantity NN 34823 1454 4 theory theory NN 34823 1454 5 , , , 34823 1454 6 prices price NNS 34823 1454 7 are be VBP 34823 1454 8 determined determine VBN 34823 1454 9 by by IN 34823 1454 10 the the DT 34823 1454 11 _ _ NNP 34823 1454 12 numbers number NNS 34823 1454 13 _ _ NNP 34823 1454 14 of of IN 34823 1454 15 goods good NNS 34823 1454 16 and and CC 34823 1454 17 dollars dollar NNS 34823 1454 18 that that WDT 34823 1454 19 are be VBP 34823 1454 20 to to TO 34823 1454 21 be be VB 34823 1454 22 exchanged exchange VBN 34823 1454 23 for for IN 34823 1454 24 one one CD 34823 1454 25 another another DT 34823 1454 26 , , , 34823 1454 27 and and CC 34823 1454 28 not not RB 34823 1454 29 by by IN 34823 1454 30 the the DT 34823 1454 31 _ _ NNP 34823 1454 32 values value NNS 34823 1454 33 _ _ NNP 34823 1454 34 of of IN 34823 1454 35 the the DT 34823 1454 36 goods good NNS 34823 1454 37 and and CC 34823 1454 38 dollars;--indeed dollars;--indeed CD 34823 1454 39 , , , 34823 1454 40 for for IN 34823 1454 41 the the DT 34823 1454 42 quantity quantity NN 34823 1454 43 theory theory NN 34823 1454 44 , , , 34823 1454 45 " " `` 34823 1454 46 value value NN 34823 1454 47 " " '' 34823 1454 48 commonly commonly RB 34823 1454 49 has have VBZ 34823 1454 50 no no DT 34823 1454 51 meaning meaning NN 34823 1454 52 apart apart RB 34823 1454 53 from from IN 34823 1454 54 the the DT 34823 1454 55 prices price NNS 34823 1454 56 which which WDT 34823 1454 57 are be VBP 34823 1454 58 supposed suppose VBN 34823 1454 59 to to TO 34823 1454 60 be be VB 34823 1454 61 adequately adequately RB 34823 1454 62 explained explain VBN 34823 1454 63 by by IN 34823 1454 64 the the DT 34823 1454 65 mechanical mechanical JJ 34823 1454 66 relations relation NNS 34823 1454 67 of of IN 34823 1454 68 numbers number NNS 34823 1454 69 . . . 34823 1455 1 In in IN 34823 1455 2 the the DT 34823 1455 3 critical critical JJ 34823 1455 4 study study NN 34823 1455 5 which which WDT 34823 1455 6 follows follow VBZ 34823 1455 7 , , , 34823 1455 8 virtually virtually RB 34823 1455 9 every every DT 34823 1455 10 doctrine doctrine NN 34823 1455 11 and and CC 34823 1455 12 every every DT 34823 1455 13 assumption assumption NN 34823 1455 14 of of IN 34823 1455 15 this this DT 34823 1455 16 preliminary preliminary JJ 34823 1455 17 statement statement NN 34823 1455 18 will will MD 34823 1455 19 be be VB 34823 1455 20 challenged challenge VBN 34823 1455 21 . . . 34823 1456 1 I -PRON- PRP 34823 1456 2 shall shall MD 34823 1456 3 deny deny VB 34823 1456 4 , , , 34823 1456 5 first first RB 34823 1456 6 , , , 34823 1456 7 that that IN 34823 1456 8 the the DT 34823 1456 9 quantity quantity NN 34823 1456 10 of of IN 34823 1456 11 goods good NNS 34823 1456 12 to to TO 34823 1456 13 be be VB 34823 1456 14 exchanged exchange VBN 34823 1456 15 and and CC 34823 1456 16 the the DT 34823 1456 17 quantity quantity NN 34823 1456 18 of of IN 34823 1456 19 money money NN 34823 1456 20 to to TO 34823 1456 21 be be VB 34823 1456 22 exchanged exchange VBN 34823 1456 23 for for IN 34823 1456 24 the the DT 34823 1456 25 goods good NNS 34823 1456 26 , , , 34823 1456 27 are be VBP 34823 1456 28 independent independent JJ 34823 1456 29 quantities quantity NNS 34823 1456 30 , , , 34823 1456 31 maintaining maintain VBG 34823 1456 32 , , , 34823 1456 33 rather rather RB 34823 1456 34 , , , 34823 1456 35 that that IN 34823 1456 36 an an DT 34823 1456 37 increase increase NN 34823 1456 38 in in IN 34823 1456 39 either either DT 34823 1456 40 of of IN 34823 1456 41 them -PRON- PRP 34823 1456 42 tends tend VBZ 34823 1456 43 normally normally RB 34823 1456 44 to to TO 34823 1456 45 be be VB 34823 1456 46 accompanied accompany VBN 34823 1456 47 by by IN 34823 1456 48 an an DT 34823 1456 49 increase increase NN 34823 1456 50 in in IN 34823 1456 51 the the DT 34823 1456 52 other other JJ 34823 1456 53 . . . 34823 1457 1 Quantity quantity NN 34823 1457 2 of of IN 34823 1457 3 goods good NNS 34823 1457 4 and and CC 34823 1457 5 quantity quantity NN 34823 1457 6 of of IN 34823 1457 7 money money NN 34823 1457 8 _ _ NNP 34823 1457 9 exchanged exchange VBD 34823 1457 10 _ _ NNP 34823 1457 11 are be VBP 34823 1457 12 not not RB 34823 1457 13 simple simple JJ 34823 1457 14 physical physical JJ 34823 1457 15 stocks stock NNS 34823 1457 16 , , , 34823 1457 17 given give VBN 34823 1457 18 data datum NNS 34823 1457 19 . . . 34823 1458 1 Rather rather RB 34823 1458 2 , , , 34823 1458 3 they -PRON- PRP 34823 1458 4 are be VBP 34823 1458 5 consequences consequence NNS 34823 1458 6 of of IN 34823 1458 7 human human JJ 34823 1458 8 choices choice NNS 34823 1458 9 and and CC 34823 1458 10 human human JJ 34823 1458 11 relationships relationship NNS 34823 1458 12 , , , 34823 1458 13 and and CC 34823 1458 14 vary vary VBP 34823 1458 15 from from IN 34823 1458 16 a a DT 34823 1458 17 large large JJ 34823 1458 18 number number NN 34823 1458 19 of of IN 34823 1458 20 highly highly RB 34823 1458 21 complex complex JJ 34823 1458 22 psychological psychological JJ 34823 1458 23 causes cause NNS 34823 1458 24 , , , 34823 1458 25 many many DT 34823 1458 26 of of IN 34823 1458 27 which which WDT 34823 1458 28 are be VBP 34823 1458 29 common common JJ 34823 1458 30 to to IN 34823 1458 31 both both DT 34823 1458 32 . . . 34823 1459 1 I -PRON- PRP 34823 1459 2 shall shall MD 34823 1459 3 deny deny VB 34823 1459 4 , , , 34823 1459 5 second second RB 34823 1459 6 , , , 34823 1459 7 that that IN 34823 1459 8 " " `` 34823 1459 9 rapidity rapidity NN 34823 1459 10 of of IN 34823 1459 11 circulation circulation NN 34823 1459 12 , , , 34823 1459 13 " " '' 34823 1459 14 either either CC 34823 1459 15 of of IN 34823 1459 16 goods good NNS 34823 1459 17 or or CC 34823 1459 18 of of IN 34823 1459 19 money money NN 34823 1459 20 , , , 34823 1459 21 is be VBZ 34823 1459 22 a a DT 34823 1459 23 simple simple JJ 34823 1459 24 constant constant JJ 34823 1459 25 , , , 34823 1459 26 independent independent JJ 34823 1459 27 of of IN 34823 1459 28 quantity quantity NN 34823 1459 29 of of IN 34823 1459 30 goods good NNS 34823 1459 31 or or CC 34823 1459 32 of of IN 34823 1459 33 quantity quantity NN 34823 1459 34 of of IN 34823 1459 35 money money NN 34823 1459 36 . . . 34823 1460 1 I -PRON- PRP 34823 1460 2 shall shall MD 34823 1460 3 maintain maintain VB 34823 1460 4 , , , 34823 1460 5 rather rather RB 34823 1460 6 , , , 34823 1460 7 that that IN 34823 1460 8 rapidity rapidity NN 34823 1460 9 of of IN 34823 1460 10 circulation circulation NN 34823 1460 11 of of IN 34823 1460 12 money money NN 34823 1460 13 is be VBZ 34823 1460 14 a a DT 34823 1460 15 phenomenon phenomenon NN 34823 1460 16 which which WDT 34823 1460 17 calls call VBZ 34823 1460 18 for for IN 34823 1460 19 psychological psychological JJ 34823 1460 20 explanation explanation NNP 34823 1460 21 : : : 34823 1460 22 that that IN 34823 1460 23 the the DT 34823 1460 24 rapidity rapidity NN 34823 1460 25 of of IN 34823 1460 26 money money NN 34823 1460 27 really really RB 34823 1460 28 means mean VBZ 34823 1460 29 the the DT 34823 1460 30 _ _ NNP 34823 1460 31 activities activity NNS 34823 1460 32 of of IN 34823 1460 33 men man NNS 34823 1460 34 _ _ NNP 34823 1460 35 ; ; : 34823 1460 36 that that IN 34823 1460 37 these these DT 34823 1460 38 activities activity NNS 34823 1460 39 are be VBP 34823 1460 40 complex complex JJ 34823 1460 41 , , , 34823 1460 42 and and CC 34823 1460 43 obey obey VBP 34823 1460 44 no no DT 34823 1460 45 simple simple JJ 34823 1460 46 law law NN 34823 1460 47 ; ; : 34823 1460 48 that that IN 34823 1460 49 instead instead RB 34823 1460 50 of of IN 34823 1460 51 being be VBG 34823 1460 52 an an DT 34823 1460 53 independent independent JJ 34823 1460 54 factor factor NN 34823 1460 55 , , , 34823 1460 56 constant constant JJ 34823 1460 57 , , , 34823 1460 58 in in IN 34823 1460 59 the the DT 34823 1460 60 situation situation NN 34823 1460 61 , , , 34823 1460 62 the the DT 34823 1460 63 rapidity rapidity NN 34823 1460 64 of of IN 34823 1460 65 circulation circulation NN 34823 1460 66 of of IN 34823 1460 67 money money NN 34823 1460 68 is be VBZ 34823 1460 69 bound bind VBN 34823 1460 70 up up RP 34823 1460 71 with with IN 34823 1460 72 the the DT 34823 1460 73 quantity quantity NN 34823 1460 74 of of IN 34823 1460 75 money money NN 34823 1460 76 , , , 34823 1460 77 the the DT 34823 1460 78 quantity quantity NN 34823 1460 79 of of IN 34823 1460 80 goods good NNS 34823 1460 81 to to TO 34823 1460 82 be be VB 34823 1460 83 exchanged exchange VBN 34823 1460 84 , , , 34823 1460 85 the the DT 34823 1460 86 rapidity rapidity NN 34823 1460 87 of of IN 34823 1460 88 circulation circulation NN 34823 1460 89 of of IN 34823 1460 90 goods good NNS 34823 1460 91 , , , 34823 1460 92 and and CC 34823 1460 93 the the DT 34823 1460 94 prices price NNS 34823 1460 95 of of IN 34823 1460 96 the the DT 34823 1460 97 goods good NNS 34823 1460 98 , , , 34823 1460 99 and and CC 34823 1460 100 that that IN 34823 1460 101 the the DT 34823 1460 102 rapidity rapidity NN 34823 1460 103 of of IN 34823 1460 104 circulation circulation NN 34823 1460 105 of of IN 34823 1460 106 goods good NNS 34823 1460 107 is be VBZ 34823 1460 108 likewise likewise RB 34823 1460 109 causally causally RB 34823 1460 110 dependent dependent JJ 34823 1460 111 on on IN 34823 1460 112 the the DT 34823 1460 113 factors factor NNS 34823 1460 114 named name VBN 34823 1460 115 -- -- : 34823 1460 116 or or CC 34823 1460 117 better well JJR 34823 1460 118 , , , 34823 1460 119 on on IN 34823 1460 120 the the DT 34823 1460 121 causes cause NNS 34823 1460 122 which which WDT 34823 1460 123 control control VBP 34823 1460 124 them -PRON- PRP 34823 1460 125 ; ; : 34823 1460 126 that that DT 34823 1460 127 rapidity rapidity NN 34823 1460 128 of of IN 34823 1460 129 circulation circulation NN 34823 1460 130 , , , 34823 1460 131 whether whether IN 34823 1460 132 of of IN 34823 1460 133 money money NN 34823 1460 134 or or CC 34823 1460 135 of of IN 34823 1460 136 goods good NNS 34823 1460 137 , , , 34823 1460 138 is be VBZ 34823 1460 139 not not RB 34823 1460 140 a a DT 34823 1460 141 causal causal JJ 34823 1460 142 factor factor NN 34823 1460 143 independent independent NN 34823 1460 144 of of IN 34823 1460 145 prices price NNS 34823 1460 146 , , , 34823 1460 147 but but CC 34823 1460 148 rather rather RB 34823 1460 149 in in IN 34823 1460 150 part part NN 34823 1460 151 depends depend VBZ 34823 1460 152 on on IN 34823 1460 153 prices price NNS 34823 1460 154 . . . 34823 1461 1 In in IN 34823 1461 2 the the DT 34823 1461 3 third third JJ 34823 1461 4 place place NN 34823 1461 5 , , , 34823 1461 6 I -PRON- PRP 34823 1461 7 deny deny VBP 34823 1461 8 the the DT 34823 1461 9 doctrine doctrine NN 34823 1461 10 that that IN 34823 1461 11 the the DT 34823 1461 12 question question NN 34823 1461 13 as as IN 34823 1461 14 to to IN 34823 1461 15 _ _ NNP 34823 1461 16 what what WP 34823 1461 17 _ _ NNP 34823 1461 18 the the DT 34823 1461 19 money money NN 34823 1461 20 - - HYPH 34823 1461 21 unit unit NN 34823 1461 22 is be VBZ 34823 1461 23 made make VBN 34823 1461 24 of of IN 34823 1461 25 is be VBZ 34823 1461 26 irrelevant irrelevant JJ 34823 1461 27 . . . 34823 1462 1 On on IN 34823 1462 2 the the DT 34823 1462 3 contrary contrary NN 34823 1462 4 , , , 34823 1462 5 I -PRON- PRP 34823 1462 6 shall shall MD 34823 1462 7 maintain maintain VB 34823 1462 8 that that IN 34823 1462 9 the the DT 34823 1462 10 _ _ NNP 34823 1462 11 quality quality NN 34823 1462 12 _ _ NNP 34823 1462 13 of of IN 34823 1462 14 money money NN 34823 1462 15 , , , 34823 1462 16 rather rather RB 34823 1462 17 than than IN 34823 1462 18 its -PRON- PRP$ 34823 1462 19 quantity quantity NN 34823 1462 20 , , , 34823 1462 21 is be VBZ 34823 1462 22 the the DT 34823 1462 23 determining determine VBG 34823 1462 24 factor factor NN 34823 1462 25 . . . 34823 1463 1 I -PRON- PRP 34823 1463 2 shall shall MD 34823 1463 3 not not RB 34823 1463 4 maintain maintain VB 34823 1463 5 that that IN 34823 1463 6 only only JJ 34823 1463 7 money money NN 34823 1463 8 made make VBN 34823 1463 9 of of IN 34823 1463 10 or or CC 34823 1463 11 redeemable redeemable JJ 34823 1463 12 in in IN 34823 1463 13 valuable valuable JJ 34823 1463 14 bullion bullion NN 34823 1463 15 can can MD 34823 1463 16 circulate circulate VB 34823 1463 17 , , , 34823 1463 18 nor nor CC 34823 1463 19 shall shall MD 34823 1463 20 I -PRON- PRP 34823 1463 21 maintain maintain VB 34823 1463 22 that that IN 34823 1463 23 the the DT 34823 1463 24 value value NN 34823 1463 25 of of IN 34823 1463 26 money money NN 34823 1463 27 depends depend VBZ 34823 1463 28 wholly wholly RB 34823 1463 29 on on IN 34823 1463 30 the the DT 34823 1463 31 value value NN 34823 1463 32 of of IN 34823 1463 33 its -PRON- PRP$ 34823 1463 34 bullion bullion NN 34823 1463 35 content content NN 34823 1463 36 when when WRB 34823 1463 37 money money NN 34823 1463 38 is be VBZ 34823 1463 39 made make VBN 34823 1463 40 of of IN 34823 1463 41 valuable valuable JJ 34823 1463 42 metal metal NN 34823 1463 43 . . . 34823 1464 1 I -PRON- PRP 34823 1464 2 recognize recognize VBP 34823 1464 3 that that DT 34823 1464 4 value value NN 34823 1464 5 can can MD 34823 1464 6 come come VB 34823 1464 7 from from IN 34823 1464 8 other other JJ 34823 1464 9 sources source NNS 34823 1464 10 . . . 34823 1465 1 But but CC 34823 1465 2 I -PRON- PRP 34823 1465 3 shall shall MD 34823 1465 4 maintain maintain VB 34823 1465 5 that that DT 34823 1465 6 value value NN 34823 1465 7 from from IN 34823 1465 8 some some DT 34823 1465 9 source source NN 34823 1465 10 other other JJ 34823 1465 11 than than IN 34823 1465 12 the the DT 34823 1465 13 monetary monetary JJ 34823 1465 14 employment employment NN 34823 1465 15 is be VBZ 34823 1465 16 an an DT 34823 1465 17 essential essential JJ 34823 1465 18 precondition precondition NN 34823 1465 19 of of IN 34823 1465 20 the the DT 34823 1465 21 monetary monetary JJ 34823 1465 22 employment employment NN 34823 1465 23 , , , 34823 1465 24 even even RB 34823 1465 25 though though IN 34823 1465 26 recognizing recognize VBG 34823 1465 27 that that IN 34823 1465 28 that that DT 34823 1465 29 monetary monetary JJ 34823 1465 30 employment employment NN 34823 1465 31 may may MD 34823 1465 32 , , , 34823 1465 33 in in IN 34823 1465 34 a a DT 34823 1465 35 way way NN 34823 1465 36 later later RB 34823 1465 37 to to TO 34823 1465 38 be be VB 34823 1465 39 analyzed analyze VBN 34823 1465 40 , , , 34823 1465 41 add add VB 34823 1465 42 to to IN 34823 1465 43 the the DT 34823 1465 44 original original JJ 34823 1465 45 value value NN 34823 1465 46 of of IN 34823 1465 47 the the DT 34823 1465 48 money money NN 34823 1465 49 . . . 34823 1466 1 The the DT 34823 1466 2 doctrine doctrine NN 34823 1466 3 that that WDT 34823 1466 4 only only JJ 34823 1466 5 physical physical JJ 34823 1466 6 quantities quantity NNS 34823 1466 7 , , , 34823 1466 8 or or CC 34823 1466 9 abstract abstract JJ 34823 1466 10 numbers number NNS 34823 1466 11 , , , 34823 1466 12 of of IN 34823 1466 13 goods good NNS 34823 1466 14 are be VBP 34823 1466 15 relevant relevant JJ 34823 1466 16 I -PRON- PRP 34823 1466 17 shall shall MD 34823 1466 18 challenge challenge VB 34823 1466 19 especially especially RB 34823 1466 20 , , , 34823 1466 21 maintaining maintain VBG 34823 1466 22 , , , 34823 1466 23 on on IN 34823 1466 24 the the DT 34823 1466 25 contrary contrary NN 34823 1466 26 , , , 34823 1466 27 that that IN 34823 1466 28 the the DT 34823 1466 29 psychological psychological JJ 34823 1466 30 significances significance NNS 34823 1466 31 , , , 34823 1466 32 the the DT 34823 1466 33 values value NNS 34823 1466 34 , , , 34823 1466 35 of of IN 34823 1466 36 goods good NNS 34823 1466 37 are be VBP 34823 1466 38 the the DT 34823 1466 39 really really RB 34823 1466 40 important important JJ 34823 1466 41 thing thing NN 34823 1466 42 , , , 34823 1466 43 so so IN 34823 1466 44 that that IN 34823 1466 45 an an DT 34823 1466 46 increase increase NN 34823 1466 47 in in IN 34823 1466 48 the the DT 34823 1466 49 number number NN 34823 1466 50 of of IN 34823 1466 51 one one CD 34823 1466 52 sort sort NN 34823 1466 53 of of IN 34823 1466 54 goods good NNS 34823 1466 55 may may MD 34823 1466 56 have have VB 34823 1466 57 a a DT 34823 1466 58 very very RB 34823 1466 59 different different JJ 34823 1466 60 effect effect NN 34823 1466 61 on on IN 34823 1466 62 the the DT 34823 1466 63 average average NN 34823 1466 64 of of IN 34823 1466 65 prices price NNS 34823 1466 66 from from IN 34823 1466 67 an an DT 34823 1466 68 increase increase NN 34823 1466 69 of of IN 34823 1466 70 the the DT 34823 1466 71 same same JJ 34823 1466 72 number number NN 34823 1466 73 of of IN 34823 1466 74 units unit NNS 34823 1466 75 of of IN 34823 1466 76 some some DT 34823 1466 77 other other JJ 34823 1466 78 good good NN 34823 1466 79 , , , 34823 1466 80 and and CC 34823 1466 81 so so IN 34823 1466 82 that that IN 34823 1466 83 an an DT 34823 1466 84 increase increase NN 34823 1466 85 in in IN 34823 1466 86 the the DT 34823 1466 87 number number NN 34823 1466 88 of of IN 34823 1466 89 goods good NNS 34823 1466 90 exchanged exchange VBN 34823 1466 91 under under IN 34823 1466 92 one one CD 34823 1466 93 set set NN 34823 1466 94 of of IN 34823 1466 95 conditions condition NNS 34823 1466 96 may may MD 34823 1466 97 have have VB 34823 1466 98 a a DT 34823 1466 99 very very RB 34823 1466 100 different different JJ 34823 1466 101 effect effect NN 34823 1466 102 on on IN 34823 1466 103 prices price NNS 34823 1466 104 -- -- : 34823 1466 105 or or CC 34823 1466 106 may may MD 34823 1466 107 be be VB 34823 1466 108 accompanied accompany VBN 34823 1466 109 by by IN 34823 1466 110 a a DT 34823 1466 111 very very RB 34823 1466 112 different different JJ 34823 1466 113 movement movement NN 34823 1466 114 in in IN 34823 1466 115 prices price NNS 34823 1466 116 , , , 34823 1466 117 for for IN 34823 1466 118 the the DT 34823 1466 119 question question NN 34823 1466 120 of of IN 34823 1466 121 causal causal JJ 34823 1466 122 relations relation NNS 34823 1466 123 is be VBZ 34823 1466 124 a a DT 34823 1466 125 complicated complicated JJ 34823 1466 126 one one CD 34823 1466 127 -- -- : 34823 1466 128 from from IN 34823 1466 129 the the DT 34823 1466 130 change change NN 34823 1466 131 in in IN 34823 1466 132 prices price NNS 34823 1466 133 that that WDT 34823 1466 134 might may MD 34823 1466 135 accompany accompany VB 34823 1466 136 the the DT 34823 1466 137 same same JJ 34823 1466 138 increase increase NN 34823 1466 139 in in IN 34823 1466 140 the the DT 34823 1466 141 amount amount NN 34823 1466 142 exchanged exchange VBN 34823 1466 143 of of IN 34823 1466 144 same same JJ 34823 1466 145 goods good NNS 34823 1466 146 under under IN 34823 1466 147 other other JJ 34823 1466 148 circumstances circumstance NNS 34823 1466 149 . . . 34823 1467 1 Finally finally RB 34823 1467 2 , , , 34823 1467 3 the the DT 34823 1467 4 doctrine doctrine NN 34823 1467 5 of of IN 34823 1467 6 the the DT 34823 1467 7 quantity quantity NN 34823 1467 8 theory theory NN 34823 1467 9 that that IN 34823 1467 10 the the DT 34823 1467 11 price price NN 34823 1467 12 - - HYPH 34823 1467 13 level level NN 34823 1467 14 is be VBZ 34823 1467 15 a a DT 34823 1467 16 passive passive JJ 34823 1467 17 result result NN 34823 1467 18 of of IN 34823 1467 19 the the DT 34823 1467 20 other other JJ 34823 1467 21 factors factor NNS 34823 1467 22 named name VBN 34823 1467 23 : : : 34823 1467 24 quantities quantity NNS 34823 1467 25 of of IN 34823 1467 26 goods good NNS 34823 1467 27 and and CC 34823 1467 28 money money NN 34823 1467 29 , , , 34823 1467 30 and and CC 34823 1467 31 their -PRON- PRP$ 34823 1467 32 respective respective JJ 34823 1467 33 velocities velocity NNS 34823 1467 34 ; ; : 34823 1467 35 that that IN 34823 1467 36 prices price NNS 34823 1467 37 can can MD 34823 1467 38 not not RB 34823 1467 39 initiate initiate VB 34823 1467 40 a a DT 34823 1467 41 change change NN 34823 1467 42 in in IN 34823 1467 43 the the DT 34823 1467 44 situation situation NN 34823 1467 45 , , , 34823 1467 46 will will MD 34823 1467 47 also also RB 34823 1467 48 be be VB 34823 1467 49 challenged challenge VBN 34823 1467 50 . . . 34823 1468 1 I -PRON- PRP 34823 1468 2 shall shall MD 34823 1468 3 undertake undertake VB 34823 1468 4 to to TO 34823 1468 5 show show VB 34823 1468 6 that that IN 34823 1468 7 the the DT 34823 1468 8 first first JJ 34823 1468 9 change change NN 34823 1468 10 in in IN 34823 1468 11 the the DT 34823 1468 12 situation situation NN 34823 1468 13 may may MD 34823 1468 14 appear appear VB 34823 1468 15 in in IN 34823 1468 16 prices price NNS 34823 1468 17 themselves -PRON- PRP 34823 1468 18 , , , 34823 1468 19 and and CC 34823 1468 20 that that IN 34823 1468 21 the the DT 34823 1468 22 quantities quantity NNS 34823 1468 23 of of IN 34823 1468 24 goods good NNS 34823 1468 25 exchanged exchange VBD 34823 1468 26 , , , 34823 1468 27 and and CC 34823 1468 28 of of IN 34823 1468 29 money money NN 34823 1468 30 , , , 34823 1468 31 and and CC 34823 1468 32 their -PRON- PRP$ 34823 1468 33 velocities velocity NNS 34823 1468 34 , , , 34823 1468 35 may may MD 34823 1468 36 then then RB 34823 1468 37 be be VB 34823 1468 38 altered alter VBN 34823 1468 39 to to TO 34823 1468 40 correspond correspond VB 34823 1468 41 with with IN 34823 1468 42 the the DT 34823 1468 43 change change NN 34823 1468 44 in in IN 34823 1468 45 prices price NNS 34823 1468 46 . . . 34823 1469 1 I -PRON- PRP 34823 1469 2 shall shall MD 34823 1469 3 further further RB 34823 1469 4 maintain maintain VB 34823 1469 5 , , , 34823 1469 6 as as IN 34823 1469 7 against against IN 34823 1469 8 the the DT 34823 1469 9 whole whole JJ 34823 1469 10 spirit spirit NN 34823 1469 11 of of IN 34823 1469 12 the the DT 34823 1469 13 quantity quantity NN 34823 1469 14 theory theory NN 34823 1469 15 , , , 34823 1469 16 that that IN 34823 1469 17 it -PRON- PRP 34823 1469 18 does do VBZ 34823 1469 19 not not RB 34823 1469 20 seize seize VB 34823 1469 21 hold hold NN 34823 1469 22 of of IN 34823 1469 23 essentials essential NNS 34823 1469 24 in in IN 34823 1469 25 the the DT 34823 1469 26 causes cause NNS 34823 1469 27 lying lie VBG 34823 1469 28 behind behind IN 34823 1469 29 prices price NNS 34823 1469 30 . . . 34823 1470 1 I -PRON- PRP 34823 1470 2 shall shall MD 34823 1470 3 contend contend VB 34823 1470 4 that that IN 34823 1470 5 the the DT 34823 1470 6 factors factor NNS 34823 1470 7 with with IN 34823 1470 8 which which WDT 34823 1470 9 it -PRON- PRP 34823 1470 10 deals deal VBZ 34823 1470 11 , , , 34823 1470 12 instead instead RB 34823 1470 13 of of IN 34823 1470 14 being be VBG 34823 1470 15 independent independent JJ 34823 1470 16 _ _ NNP 34823 1470 17 foci foci NN 34823 1470 18 _ _ NNP 34823 1470 19 to to TO 34823 1470 20 which which WDT 34823 1470 21 converge converge VB 34823 1470 22 the the DT 34823 1470 23 causes cause NNS 34823 1470 24 governing govern VBG 34823 1470 25 the the DT 34823 1470 26 price price NN 34823 1470 27 - - HYPH 34823 1470 28 level level NN 34823 1470 29 , , , 34823 1470 30 and and CC 34823 1470 31 through through IN 34823 1470 32 which which WDT 34823 1470 33 causation causation NN 34823 1470 34 flows flow VBZ 34823 1470 35 in in IN 34823 1470 36 one one CD 34823 1470 37 direction direction NN 34823 1470 38 , , , 34823 1470 39 are be VBP 34823 1470 40 really really RB 34823 1470 41 not not RB 34823 1470 42 true true JJ 34823 1470 43 " " '' 34823 1470 44 factors factor NNS 34823 1470 45 " " '' 34823 1470 46 at at RB 34823 1470 47 all all RB 34823 1470 48 , , , 34823 1470 49 but but CC 34823 1470 50 rather rather RB 34823 1470 51 are be VBP 34823 1470 52 blanket blanket NN 34823 1470 53 names name NNS 34823 1470 54 for for IN 34823 1470 55 highly highly RB 34823 1470 56 complex complex JJ 34823 1470 57 and and CC 34823 1470 58 heterogeneous heterogeneous JJ 34823 1470 59 groups group NNS 34823 1470 60 of of IN 34823 1470 61 facts fact NNS 34823 1470 62 concerning concern VBG 34823 1470 63 which which WDT 34823 1470 64 few few JJ 34823 1470 65 general general JJ 34823 1470 66 statements statement NNS 34823 1470 67 are be VBP 34823 1470 68 possible possible JJ 34823 1470 69 . . . 34823 1471 1 Quantity quantity NN 34823 1471 2 of of IN 34823 1471 3 goods good NNS 34823 1471 4 exchanged exchange VBN 34823 1471 5 , , , 34823 1471 6 for for IN 34823 1471 7 example example NN 34823 1471 8 , , , 34823 1471 9 may may MD 34823 1471 10 be be VB 34823 1471 11 in in IN 34823 1471 12 some some DT 34823 1471 13 of of IN 34823 1471 14 its -PRON- PRP$ 34823 1471 15 parts part NNS 34823 1471 16 caused cause VBN 34823 1471 17 by by IN 34823 1471 18 rising rise VBG 34823 1471 19 prices price NNS 34823 1471 20 , , , 34823 1471 21 in in IN 34823 1471 22 others other NNS 34823 1471 23 of of IN 34823 1471 24 its -PRON- PRP$ 34823 1471 25 parts part NNS 34823 1471 26 may may MD 34823 1471 27 be be VB 34823 1471 28 causing cause VBG 34823 1471 29 falling fall VBG 34823 1471 30 prices price NNS 34823 1471 31 and and CC 34823 1471 32 is be VBZ 34823 1471 33 chiefly chiefly RB 34823 1471 34 caused cause VBN 34823 1471 35 by by IN 34823 1471 36 _ _ NNP 34823 1471 37 fluctuating fluctuate VBG 34823 1471 38 _ _ NNP 34823 1471 39 prices price NNS 34823 1471 40 . . . 34823 1472 1 The the DT 34823 1472 2 net net JJ 34823 1472 3 change change NN 34823 1472 4 in in IN 34823 1472 5 prices price NNS 34823 1472 6 in in IN 34823 1472 7 this this DT 34823 1472 8 case case NN 34823 1472 9 is be VBZ 34823 1472 10 not not RB 34823 1472 11 the the DT 34823 1472 12 result result NN 34823 1472 13 of of IN 34823 1472 14 any any DT 34823 1472 15 one one CD 34823 1472 16 movement movement NN 34823 1472 17 from from IN 34823 1472 18 " " `` 34823 1472 19 quantity quantity NN 34823 1472 20 of of IN 34823 1472 21 goods good NNS 34823 1472 22 " " '' 34823 1472 23 as as IN 34823 1472 24 a a DT 34823 1472 25 whole whole NN 34823 1472 26 . . . 34823 1473 1 Changes change NNS 34823 1473 2 in in IN 34823 1473 3 the the DT 34823 1473 4 price price NN 34823 1473 5 - - HYPH 34823 1473 6 level level NN 34823 1473 7 are be VBP 34823 1473 8 not not RB 34823 1473 9 one one CD 34823 1473 10 result result NN 34823 1473 11 , , , 34823 1473 12 but but CC 34823 1473 13 rather rather RB 34823 1473 14 , , , 34823 1473 15 are be VBP 34823 1473 16 the the DT 34823 1473 17 mathematician mathematician NN 34823 1473 18 's 's POS 34823 1473 19 average average NN 34823 1473 20 of of IN 34823 1473 21 many many JJ 34823 1473 22 changes change NNS 34823 1473 23 , , , 34823 1473 24 due due IN 34823 1473 25 to to IN 34823 1473 26 a a DT 34823 1473 27 host host NN 34823 1473 28 of of IN 34823 1473 29 causes cause NNS 34823 1473 30 , , , 34823 1473 31 in in IN 34823 1473 32 many many JJ 34823 1473 33 individual individual JJ 34823 1473 34 prices price NNS 34823 1473 35 . . . 34823 1474 1 The the DT 34823 1474 2 quantity quantity NN 34823 1474 3 theory theory NN 34823 1474 4 is be VBZ 34823 1474 5 an an DT 34823 1474 6 effort effort NN 34823 1474 7 to to TO 34823 1474 8 simplify simplify VB 34823 1474 9 phenomena phenomenon NNS 34823 1474 10 highly highly RB 34823 1474 11 complex complex JJ 34823 1474 12 . . . 34823 1475 1 Of of RB 34823 1475 2 course course RB 34823 1475 3 , , , 34823 1475 4 the the DT 34823 1475 5 simplification simplification NN 34823 1475 6 of of IN 34823 1475 7 complex complex JJ 34823 1475 8 phenomena phenomenon NNS 34823 1475 9 in in IN 34823 1475 10 thought thought NN 34823 1475 11 is be VBZ 34823 1475 12 a a DT 34823 1475 13 laudable laudable JJ 34823 1475 14 scientific scientific JJ 34823 1475 15 goal goal NN 34823 1475 16 , , , 34823 1475 17 but but CC 34823 1475 18 when when WRB 34823 1475 19 the the DT 34823 1475 20 simplification simplification NN 34823 1475 21 goes go VBZ 34823 1475 22 so so RB 34823 1475 23 far far RB 34823 1475 24 as as IN 34823 1475 25 to to TO 34823 1475 26 group group VB 34823 1475 27 things thing NNS 34823 1475 28 only only RB 34823 1475 29 superficially superficially RB 34823 1475 30 related related JJ 34823 1475 31 , , , 34823 1475 32 and and CC 34823 1475 33 to to TO 34823 1475 34 leave leave VB 34823 1475 35 out out RP 34823 1475 36 the the DT 34823 1475 37 really really RB 34823 1475 38 vital vital JJ 34823 1475 39 elements element NNS 34823 1475 40 , , , 34823 1475 41 it -PRON- PRP 34823 1475 42 is be VBZ 34823 1475 43 worthless worthless JJ 34823 1475 44 . . . 34823 1476 1 Value value NN 34823 1476 2 theory theory NN 34823 1476 3 , , , 34823 1476 4 with with IN 34823 1476 5 all all PDT 34823 1476 6 the the DT 34823 1476 7 value value NN 34823 1476 8 left leave VBN 34823 1476 9 out out RP 34823 1476 10 , , , 34823 1476 11 is be VBZ 34823 1476 12 like like IN 34823 1476 13 Hamlet Hamlet NNP 34823 1476 14 with with IN 34823 1476 15 no no DT 34823 1476 16 actor actor NN 34823 1476 17 for for IN 34823 1476 18 the the DT 34823 1476 19 title title NN 34823 1476 20 rôle rôle VBZ 34823 1476 21 . . . 34823 1477 1 Simplification simplification NN 34823 1477 2 in in IN 34823 1477 3 the the DT 34823 1477 4 explanation explanation NN 34823 1477 5 of of IN 34823 1477 6 general general JJ 34823 1477 7 prices price NNS 34823 1477 8 has have VBZ 34823 1477 9 gone go VBN 34823 1477 10 as as RB 34823 1477 11 far far RB 34823 1477 12 as as IN 34823 1477 13 we -PRON- PRP 34823 1477 14 can can MD 34823 1477 15 legitimately legitimately RB 34823 1477 16 take take VB 34823 1477 17 it -PRON- PRP 34823 1477 18 when when WRB 34823 1477 19 we -PRON- PRP 34823 1477 20 seek seek VBP 34823 1477 21 to to TO 34823 1477 22 summarize summarize VB 34823 1477 23 all all PDT 34823 1477 24 the the DT 34823 1477 25 factors factor NNS 34823 1477 26 involved involve VBN 34823 1477 27 in in IN 34823 1477 28 the the DT 34823 1477 29 _ _ NNP 34823 1477 30 foci foci NN 34823 1477 31 _ _ NNP 34823 1477 32 of of IN 34823 1477 33 , , , 34823 1477 34 on on IN 34823 1477 35 the the DT 34823 1477 36 one one CD 34823 1477 37 hand hand NN 34823 1477 38 , , , 34823 1477 39 the the DT 34823 1477 40 value value NN 34823 1477 41 of of IN 34823 1477 42 money money NN 34823 1477 43 , , , 34823 1477 44 and and CC 34823 1477 45 , , , 34823 1477 46 on on IN 34823 1477 47 the the DT 34823 1477 48 other other JJ 34823 1477 49 hand hand NN 34823 1477 50 , , , 34823 1477 51 the the DT 34823 1477 52 values value NNS 34823 1477 53 of of IN 34823 1477 54 the the DT 34823 1477 55 particular particular JJ 34823 1477 56 goods good NNS 34823 1477 57 . . . 34823 1478 1 The the DT 34823 1478 2 general general JJ 34823 1478 3 price price NN 34823 1478 4 - - HYPH 34823 1478 5 level level NN 34823 1478 6 is be VBZ 34823 1478 7 an an DT 34823 1478 8 average average NN 34823 1478 9 of of IN 34823 1478 10 many many JJ 34823 1478 11 concrete concrete JJ 34823 1478 12 prices price NNS 34823 1478 13 . . . 34823 1479 1 Each each DT 34823 1479 2 of of IN 34823 1479 3 these these DT 34823 1479 4 individual individual JJ 34823 1479 5 prices price NNS 34823 1479 6 has have VBZ 34823 1479 7 a a DT 34823 1479 8 concrete concrete JJ 34823 1479 9 causal causal JJ 34823 1479 10 explanation explanation NN 34823 1479 11 . . . 34823 1480 1 The the DT 34823 1480 2 _ _ NNP 34823 1480 3 general general NN 34823 1480 4 _ _ NNP 34823 1480 5 price price NN 34823 1480 6 - - HYPH 34823 1480 7 level level NN 34823 1480 8 has have VBZ 34823 1480 9 , , , 34823 1480 10 not not RB 34823 1480 11 a a DT 34823 1480 12 few few JJ 34823 1480 13 simple simple JJ 34823 1480 14 causes cause NNS 34823 1480 15 , , , 34823 1480 16 but but CC 34823 1480 17 an an DT 34823 1480 18 infinite infinite JJ 34823 1480 19 host host NN 34823 1480 20 of of IN 34823 1480 21 causes cause NNS 34823 1480 22 . . . 34823 1481 1 Indeed indeed RB 34823 1481 2 , , , 34823 1481 3 the the DT 34823 1481 4 general general JJ 34823 1481 5 price price NN 34823 1481 6 - - HYPH 34823 1481 7 level level NN 34823 1481 8 has have VBZ 34823 1481 9 no no DT 34823 1481 10 real real JJ 34823 1481 11 existence existence NN 34823 1481 12 . . . 34823 1482 1 It -PRON- PRP 34823 1482 2 is be VBZ 34823 1482 3 a a DT 34823 1482 4 convenient convenient JJ 34823 1482 5 mathematical mathematical JJ 34823 1482 6 concept concept NN 34823 1482 7 , , , 34823 1482 8 by by IN 34823 1482 9 means mean NNS 34823 1482 10 of of IN 34823 1482 11 which which WDT 34823 1482 12 we -PRON- PRP 34823 1482 13 may may MD 34823 1482 14 summarize summarize VB 34823 1482 15 the the DT 34823 1482 16 multitude multitude NN 34823 1482 17 of of IN 34823 1482 18 concrete concrete JJ 34823 1482 19 facts fact NNS 34823 1482 20 . . . 34823 1483 1 It -PRON- PRP 34823 1483 2 is be VBZ 34823 1483 3 useful useful JJ 34823 1483 4 as as IN 34823 1483 5 a a DT 34823 1483 6 device device NN 34823 1483 7 for for IN 34823 1483 8 measuring measure VBG 34823 1483 9 changes change NNS 34823 1483 10 in in IN 34823 1483 11 the the DT 34823 1483 12 value value NN 34823 1483 13 of of IN 34823 1483 14 money money NN 34823 1483 15 , , , 34823 1483 16 on on IN 34823 1483 17 the the DT 34823 1483 18 assumption assumption NN 34823 1483 19 that that WDT 34823 1483 20 changes change VBZ 34823 1483 21 in in IN 34823 1483 22 the the DT 34823 1483 23 values value NNS 34823 1483 24 of of IN 34823 1483 25 goods good NNS 34823 1483 26 neutralize neutralize VBP 34823 1483 27 one one CD 34823 1483 28 another another DT 34823 1483 29 . . . 34823 1484 1 This this DT 34823 1484 2 assumption assumption NN 34823 1484 3 is be VBZ 34823 1484 4 never never RB 34823 1484 5 strictly strictly RB 34823 1484 6 true true JJ 34823 1484 7 , , , 34823 1484 8 and and CC 34823 1484 9 often often RB 34823 1484 10 is be VBZ 34823 1484 11 demonstrably demonstrably RB 34823 1484 12 false false JJ 34823 1484 13 . . . 34823 1485 1 The the DT 34823 1485 2 general general JJ 34823 1485 3 price price NN 34823 1485 4 - - HYPH 34823 1485 5 level level NN 34823 1485 6 is be VBZ 34823 1485 7 neither neither CC 34823 1485 8 a a DT 34823 1485 9 cause cause NN 34823 1485 10 nor nor CC 34823 1485 11 a a DT 34823 1485 12 result result NN 34823 1485 13 . . . 34823 1486 1 Particular particular JJ 34823 1486 2 prices price NNS 34823 1486 3 , , , 34823 1486 4 in in IN 34823 1486 5 general general JJ 34823 1486 6 , , , 34823 1486 7 are be VBP 34823 1486 8 results result NNS 34823 1486 9 of of IN 34823 1486 10 two two CD 34823 1486 11 causes cause NNS 34823 1486 12 , , , 34823 1486 13 namely namely RB 34823 1486 14 , , , 34823 1486 15 the the DT 34823 1486 16 value value NN 34823 1486 17 of of IN 34823 1486 18 money money NN 34823 1486 19 and and CC 34823 1486 20 the the DT 34823 1486 21 value value NN 34823 1486 22 of of IN 34823 1486 23 the the DT 34823 1486 24 good good NN 34823 1486 25 in in IN 34823 1486 26 question question NN 34823 1486 27 , , , 34823 1486 28 and and CC 34823 1486 29 particular particular JJ 34823 1486 30 prices price NNS 34823 1486 31 may may MD 34823 1486 32 then then RB 34823 1486 33 become become VB 34823 1486 34 causes cause NNS 34823 1486 35 , , , 34823 1486 36 changing change VBG 34823 1486 37 the the DT 34823 1486 38 quantity quantity NN 34823 1486 39 of of IN 34823 1486 40 money money NN 34823 1486 41 involved involve VBN 34823 1486 42 in in IN 34823 1486 43 a a DT 34823 1486 44 given give VBN 34823 1486 45 set set NN 34823 1486 46 of of IN 34823 1486 47 exchanges exchange NNS 34823 1486 48 . . . 34823 1487 1 Neither neither DT 34823 1487 2 quantity quantity NN 34823 1487 3 of of IN 34823 1487 4 money money NN 34823 1487 5 , , , 34823 1487 6 nor nor CC 34823 1487 7 quantity quantity NN 34823 1487 8 of of IN 34823 1487 9 goods good NNS 34823 1487 10 exchanged exchange VBN 34823 1487 11 , , , 34823 1487 12 nor nor CC 34823 1487 13 rapidity rapidity NN 34823 1487 14 of of IN 34823 1487 15 circulation circulation NN 34823 1487 16 , , , 34823 1487 17 nor nor CC 34823 1487 18 general general JJ 34823 1487 19 price price NN 34823 1487 20 - - HYPH 34823 1487 21 level level NN 34823 1487 22 is be VBZ 34823 1487 23 a a DT 34823 1487 24 simple simple JJ 34823 1487 25 , , , 34823 1487 26 homogeneous homogeneous JJ 34823 1487 27 quantity quantity NN 34823 1487 28 , , , 34823 1487 29 obeying obey VBG 34823 1487 30 definite definite JJ 34823 1487 31 laws law NNS 34823 1487 32 . . . 34823 1488 1 I -PRON- PRP 34823 1488 2 shall shall MD 34823 1488 3 also also RB 34823 1488 4 undertake undertake VB 34823 1488 5 to to TO 34823 1488 6 show show VB 34823 1488 7 that that IN 34823 1488 8 in in IN 34823 1488 9 many many JJ 34823 1488 10 important important JJ 34823 1488 11 cases case NNS 34823 1488 12 the the DT 34823 1488 13 quantity quantity NN 34823 1488 14 theory theory NN 34823 1488 15 leads lead VBZ 34823 1488 16 to to IN 34823 1488 17 conclusions conclusion NNS 34823 1488 18 regarding regard VBG 34823 1488 19 the the DT 34823 1488 20 price price NN 34823 1488 21 - - HYPH 34823 1488 22 level level NN 34823 1488 23 which which WDT 34823 1488 24 contradict contradict VBP 34823 1488 25 other other JJ 34823 1488 26 laws law NNS 34823 1488 27 of of IN 34823 1488 28 prices price NNS 34823 1488 29 , , , 34823 1488 30 notably notably RB 34823 1488 31 the the DT 34823 1488 32 capitalization capitalization NN 34823 1488 33 theory theory NN 34823 1488 34 , , , 34823 1488 35 the the DT 34823 1488 36 cost cost NN 34823 1488 37 of of IN 34823 1488 38 production production NN 34823 1488 39 doctrine doctrine NN 34823 1488 40 , , , 34823 1488 41 and and CC 34823 1488 42 the the DT 34823 1488 43 law law NN 34823 1488 44 of of IN 34823 1488 45 supply supply NN 34823 1488 46 and and CC 34823 1488 47 demand demand NN 34823 1488 48 . . . 34823 1489 1 I -PRON- PRP 34823 1489 2 have have VBP 34823 1489 3 previously previously RB 34823 1489 4 pointed point VBN 34823 1489 5 out out RP 34823 1489 6 that that IN 34823 1489 7 these these DT 34823 1489 8 three three CD 34823 1489 9 doctrines doctrine NNS 34823 1489 10 are be VBP 34823 1489 11 inapplicable inapplicable JJ 34823 1489 12 to to IN 34823 1489 13 the the DT 34823 1489 14 problem problem NN 34823 1489 15 of of IN 34823 1489 16 the the DT 34823 1489 17 value value NN 34823 1489 18 of of IN 34823 1489 19 money money NN 34823 1489 20 itself -PRON- PRP 34823 1489 21 . . . 34823 1490 1 On on IN 34823 1490 2 the the DT 34823 1490 3 assumption assumption NN 34823 1490 4 of of IN 34823 1490 5 a a DT 34823 1490 6 value value NN 34823 1490 7 of of IN 34823 1490 8 money money NN 34823 1490 9 , , , 34823 1490 10 however,--using however,--use VBG 34823 1490 11 value value NN 34823 1490 12 in in IN 34823 1490 13 the the DT 34823 1490 14 absolute absolute JJ 34823 1490 15 sense sense NN 34823 1490 16 -- -- : 34823 1490 17 they -PRON- PRP 34823 1490 18 are be VBP 34823 1490 19 applicable applicable JJ 34823 1490 20 to to IN 34823 1490 21 the the DT 34823 1490 22 problem problem NN 34823 1490 23 of of IN 34823 1490 24 prices price NNS 34823 1490 25 , , , 34823 1490 26 and and CC 34823 1490 27 , , , 34823 1490 28 since since IN 34823 1490 29 the the DT 34823 1490 30 price price NN 34823 1490 31 - - HYPH 34823 1490 32 level level NN 34823 1490 33 is be VBZ 34823 1490 34 merely merely RB 34823 1490 35 an an DT 34823 1490 36 average average NN 34823 1490 37 of of IN 34823 1490 38 particular particular JJ 34823 1490 39 prices price NNS 34823 1490 40 , , , 34823 1490 41 they -PRON- PRP 34823 1490 42 should should MD 34823 1490 43 be be VB 34823 1490 44 applicable applicable JJ 34823 1490 45 to to IN 34823 1490 46 the the DT 34823 1490 47 problem problem NN 34823 1490 48 of of IN 34823 1490 49 the the DT 34823 1490 50 price price NN 34823 1490 51 - - HYPH 34823 1490 52 level level NN 34823 1490 53 also also RB 34823 1490 54 . . . 34823 1491 1 It -PRON- PRP 34823 1491 2 will will MD 34823 1491 3 be be VB 34823 1491 4 shown show VBN 34823 1491 5 , , , 34823 1491 6 in in IN 34823 1491 7 the the DT 34823 1491 8 course course NN 34823 1491 9 of of IN 34823 1491 10 the the DT 34823 1491 11 criticism criticism NN 34823 1491 12 which which WDT 34823 1491 13 follows follow VBZ 34823 1491 14 , , , 34823 1491 15 first first RB 34823 1491 16 that that IN 34823 1491 17 the the DT 34823 1491 18 quantity quantity NN 34823 1491 19 theory theory NN 34823 1491 20 contradicts contradict VBZ 34823 1491 21 each each DT 34823 1491 22 of of IN 34823 1491 23 these these DT 34823 1491 24 doctrines doctrine NNS 34823 1491 25 , , , 34823 1491 26 in in IN 34823 1491 27 certain certain JJ 34823 1491 28 situations situation NNS 34823 1491 29 , , , 34823 1491 30 and and CC 34823 1491 31 second second RB 34823 1491 32 , , , 34823 1491 33 that that IN 34823 1491 34 in in IN 34823 1491 35 these these DT 34823 1491 36 cases case NNS 34823 1491 37 , , , 34823 1491 38 the the DT 34823 1491 39 conclusions conclusion NNS 34823 1491 40 based base VBN 34823 1491 41 on on IN 34823 1491 42 the the DT 34823 1491 43 cost cost NN 34823 1491 44 theory theory NN 34823 1491 45 , , , 34823 1491 46 the the DT 34823 1491 47 supply supply NN 34823 1491 48 and and CC 34823 1491 49 demand demand NN 34823 1491 50 theory theory NN 34823 1491 51 , , , 34823 1491 52 and and CC 34823 1491 53 the the DT 34823 1491 54 capitalization capitalization NN 34823 1491 55 theory theory NN 34823 1491 56 are be VBP 34823 1491 57 right right JJ 34823 1491 58 , , , 34823 1491 59 and and CC 34823 1491 60 the the DT 34823 1491 61 conclusions conclusion NNS 34823 1491 62 based base VBN 34823 1491 63 on on IN 34823 1491 64 the the DT 34823 1491 65 quantity quantity NN 34823 1491 66 theory theory NN 34823 1491 67 are be VBP 34823 1491 68 wrong wrong JJ 34823 1491 69 . . . 34823 1492 1 It -PRON- PRP 34823 1492 2 has have VBZ 34823 1492 3 been be VBN 34823 1492 4 maintained maintain VBN 34823 1492 5 by by IN 34823 1492 6 certain certain JJ 34823 1492 7 writers writer NNS 34823 1492 8 , , , 34823 1492 9 as as IN 34823 1492 10 Knut Knut NNP 34823 1492 11 Wicksell[106 Wicksell[106 NNP 34823 1492 12 ] ] -RRB- 34823 1492 13 and and CC 34823 1492 14 Irving Irving NNP 34823 1492 15 Fisher,[107 Fisher,[107 NNP 34823 1492 16 ] ] -RRB- 34823 1492 17 that that DT 34823 1492 18 cost cost NN 34823 1492 19 of of IN 34823 1492 20 production production NN 34823 1492 21 and and CC 34823 1492 22 supply supply NN 34823 1492 23 and and CC 34823 1492 24 demand demand NN 34823 1492 25 are be VBP 34823 1492 26 inapplicable inapplicable JJ 34823 1492 27 to to IN 34823 1492 28 the the DT 34823 1492 29 problem problem NN 34823 1492 30 of of IN 34823 1492 31 the the DT 34823 1492 32 general general JJ 34823 1492 33 price price NN 34823 1492 34 - - HYPH 34823 1492 35 level level NN 34823 1492 36 . . . 34823 1493 1 I -PRON- PRP 34823 1493 2 shall shall MD 34823 1493 3 maintain maintain VB 34823 1493 4 the the DT 34823 1493 5 contrary contrary NN 34823 1493 6 , , , 34823 1493 7 holding hold VBG 34823 1493 8 that that IN 34823 1493 9 while while IN 34823 1493 10 these these DT 34823 1493 11 doctrines doctrine NNS 34823 1493 12 are be VBP 34823 1493 13 inapplicable inapplicable JJ 34823 1493 14 to to IN 34823 1493 15 the the DT 34823 1493 16 problem problem NN 34823 1493 17 of of IN 34823 1493 18 the the DT 34823 1493 19 _ _ NNP 34823 1493 20 value value NN 34823 1493 21 _ _ NNP 34823 1493 22 of of IN 34823 1493 23 money money NN 34823 1493 24 , , , 34823 1493 25 they -PRON- PRP 34823 1493 26 _ _ NNP 34823 1493 27 are be VBP 34823 1493 28 _ _ NNP 34823 1493 29 applicable applicable JJ 34823 1493 30 to to IN 34823 1493 31 the the DT 34823 1493 32 problem problem NN 34823 1493 33 of of IN 34823 1493 34 general general JJ 34823 1493 35 prices price NNS 34823 1493 36 , , , 34823 1493 37 on on IN 34823 1493 38 the the DT 34823 1493 39 assumption assumption NN 34823 1493 40 of of IN 34823 1493 41 a a DT 34823 1493 42 fixed fix VBN 34823 1493 43 value value NN 34823 1493 44 of of IN 34823 1493 45 money money NN 34823 1493 46 . . . 34823 1494 1 By by IN 34823 1494 2 the the DT 34823 1494 3 value value NN 34823 1494 4 of of IN 34823 1494 5 money money NN 34823 1494 6 I -PRON- PRP 34823 1494 7 mean mean VBP 34823 1494 8 its -PRON- PRP$ 34823 1494 9 absolute[108 absolute[108 NN 34823 1494 10 ] ] -RRB- 34823 1494 11 value value NN 34823 1494 12 , , , 34823 1494 13 and and CC 34823 1494 14 not not RB 34823 1494 15 -- -- : 34823 1494 16 what what WP 34823 1494 17 the the DT 34823 1494 18 quantity quantity NN 34823 1494 19 theorists theorist NNS 34823 1494 20 commonly commonly RB 34823 1494 21 mean mean VBP 34823 1494 22 -- -- : 34823 1494 23 its -PRON- PRP$ 34823 1494 24 " " `` 34823 1494 25 purchasing purchasing NN 34823 1494 26 power power NN 34823 1494 27 , , , 34823 1494 28 " " '' 34823 1494 29 or or CC 34823 1494 30 the the DT 34823 1494 31 " " `` 34823 1494 32 reciprocal reciprocal JJ 34823 1494 33 of of IN 34823 1494 34 the the DT 34823 1494 35 price price NN 34823 1494 36 - - HYPH 34823 1494 37 level level NN 34823 1494 38 . . . 34823 1494 39 " " '' 34823 1495 1 I -PRON- PRP 34823 1495 2 shall shall MD 34823 1495 3 undertake undertake VB 34823 1495 4 to to TO 34823 1495 5 show show VB 34823 1495 6 that that IN 34823 1495 7 no no DT 34823 1495 8 sound sound JJ 34823 1495 9 conclusion conclusion NN 34823 1495 10 reached reach VBN 34823 1495 11 on on IN 34823 1495 12 the the DT 34823 1495 13 basis basis NN 34823 1495 14 of of IN 34823 1495 15 quantity quantity NN 34823 1495 16 theory theory NN 34823 1495 17 reasoning reasoning NN 34823 1495 18 is be VBZ 34823 1495 19 the the DT 34823 1495 20 peculiar peculiar JJ 34823 1495 21 property property NN 34823 1495 22 of of IN 34823 1495 23 the the DT 34823 1495 24 quantity quantity NN 34823 1495 25 theory theory NN 34823 1495 26 school school NN 34823 1495 27 ; ; : 34823 1495 28 that that IN 34823 1495 29 every every DT 34823 1495 30 valid valid JJ 34823 1495 31 conclusion conclusion NN 34823 1495 32 which which WDT 34823 1495 33 may may MD 34823 1495 34 be be VB 34823 1495 35 based base VBN 34823 1495 36 on on IN 34823 1495 37 the the DT 34823 1495 38 quantity quantity NN 34823 1495 39 theory theory NN 34823 1495 40 may may MD 34823 1495 41 also also RB 34823 1495 42 be be VB 34823 1495 43 deduced deduce VBN 34823 1495 44 from from IN 34823 1495 45 the the DT 34823 1495 46 theory theory NN 34823 1495 47 maintained maintain VBN 34823 1495 48 in in IN 34823 1495 49 this this DT 34823 1495 50 book book NN 34823 1495 51 , , , 34823 1495 52 and and CC 34823 1495 53 , , , 34823 1495 54 indeed indeed RB 34823 1495 55 , , , 34823 1495 56 that that IN 34823 1495 57 most most JJS 34823 1495 58 of of IN 34823 1495 59 them -PRON- PRP 34823 1495 60 may may MD 34823 1495 61 be be VB 34823 1495 62 deduced deduce VBN 34823 1495 63 from from IN 34823 1495 64 several several JJ 34823 1495 65 other other JJ 34823 1495 66 theories theory NNS 34823 1495 67 of of IN 34823 1495 68 money money NN 34823 1495 69 , , , 34823 1495 70 notably notably RB 34823 1495 71 the the DT 34823 1495 72 commodity commodity NN 34823 1495 73 or or CC 34823 1495 74 bullionist bullionist NN 34823 1495 75 theory theory NN 34823 1495 76 . . . 34823 1496 1 I -PRON- PRP 34823 1496 2 shall shall MD 34823 1496 3 show show VB 34823 1496 4 a a DT 34823 1496 5 number number NN 34823 1496 6 of of IN 34823 1496 7 false false JJ 34823 1496 8 and and CC 34823 1496 9 misleading misleading JJ 34823 1496 10 doctrines doctrine NNS 34823 1496 11 which which WDT 34823 1496 12 logically logically RB 34823 1496 13 spring spring VBP 34823 1496 14 from from IN 34823 1496 15 the the DT 34823 1496 16 quantity quantity NN 34823 1496 17 theory theory NN 34823 1496 18 , , , 34823 1496 19 and and CC 34823 1496 20 shall shall MD 34823 1496 21 undertake undertake VB 34823 1496 22 to to TO 34823 1496 23 show show VB 34823 1496 24 that that IN 34823 1496 25 the the DT 34823 1496 26 quantity quantity NN 34823 1496 27 theory theory NN 34823 1496 28 fails fail VBZ 34823 1496 29 to to TO 34823 1496 30 give give VB 34823 1496 31 an an DT 34823 1496 32 adequate adequate JJ 34823 1496 33 basis basis NN 34823 1496 34 for for IN 34823 1496 35 several several JJ 34823 1496 36 important important JJ 34823 1496 37 parts part NNS 34823 1496 38 of of IN 34823 1496 39 the the DT 34823 1496 40 theory theory NN 34823 1496 41 of of IN 34823 1496 42 money money NN 34823 1496 43 , , , 34823 1496 44 among among IN 34823 1496 45 them -PRON- PRP 34823 1496 46 Gresham Gresham NNP 34823 1496 47 's 's POS 34823 1496 48 Law Law NNP 34823 1496 49 , , , 34823 1496 50 the the DT 34823 1496 51 theory theory NN 34823 1496 52 of of IN 34823 1496 53 international international JJ 34823 1496 54 gold gold NN 34823 1496 55 movements movement NNS 34823 1496 56 , , , 34823 1496 57 and and CC 34823 1496 58 the the DT 34823 1496 59 theory theory NN 34823 1496 60 of of IN 34823 1496 61 elastic elastic JJ 34823 1496 62 bank bank NN 34823 1496 63 - - HYPH 34823 1496 64 notes note NNS 34823 1496 65 and and CC 34823 1496 66 deposit deposit NN 34823 1496 67 - - HYPH 34823 1496 68 currency currency NN 34823 1496 69 . . . 34823 1497 1 So so RB 34823 1497 2 much much JJ 34823 1497 3 for for IN 34823 1497 4 the the DT 34823 1497 5 these these DT 34823 1497 6 s s NNS 34823 1497 7 to to TO 34823 1497 8 be be VB 34823 1497 9 maintained maintain VBN 34823 1497 10 . . . 34823 1498 1 The the DT 34823 1498 2 detailed detailed JJ 34823 1498 3 proof proof NN 34823 1498 4 of of IN 34823 1498 5 these these DT 34823 1498 6 contentions contention NNS 34823 1498 7 will will MD 34823 1498 8 best well RBS 34823 1498 9 be be VB 34823 1498 10 given give VBN 34823 1498 11 in in IN 34823 1498 12 connection connection NN 34823 1498 13 with with IN 34823 1498 14 a a DT 34823 1498 15 critical critical JJ 34823 1498 16 account account NN 34823 1498 17 of of IN 34823 1498 18 various various JJ 34823 1498 19 versions version NNS 34823 1498 20 of of IN 34823 1498 21 quantity quantity NN 34823 1498 22 theory theory NN 34823 1498 23 doctrine doctrine NN 34823 1498 24 . . . 34823 1499 1 Attention attention NN 34823 1499 2 will will MD 34823 1499 3 be be VB 34823 1499 4 given give VBN 34823 1499 5 in in IN 34823 1499 6 this this DT 34823 1499 7 summary summary NN 34823 1499 8 to to IN 34823 1499 9 the the DT 34823 1499 10 expositions exposition NNS 34823 1499 11 of of IN 34823 1499 12 Nicholson Nicholson NNP 34823 1499 13 , , , 34823 1499 14 Mill Mill NNP 34823 1499 15 , , , 34823 1499 16 Taussig Taussig NNP 34823 1499 17 , , , 34823 1499 18 and and CC 34823 1499 19 Kemmerer Kemmerer NNP 34823 1499 20 , , , 34823 1499 21 and and CC 34823 1499 22 very very RB 34823 1499 23 special special JJ 34823 1499 24 attention attention NN 34823 1499 25 to to IN 34823 1499 26 I. I. NNP 34823 1499 27 Fisher Fisher NNP 34823 1499 28 , , , 34823 1499 29 though though IN 34823 1499 30 some some DT 34823 1499 31 other other JJ 34823 1499 32 writers writer NNS 34823 1499 33 will will MD 34823 1499 34 also also RB 34823 1499 35 be be VB 34823 1499 36 taken take VBN 34823 1499 37 into into IN 34823 1499 38 account account NN 34823 1499 39 . . . 34823 1500 1 CHAPTER CHAPTER NNP 34823 1500 2 VII VII NNP 34823 1500 3 DODO DODO NNP 34823 1500 4 - - HYPH 34823 1500 5 BONES BONES NNP 34823 1500 6 Must Must MD 34823 1500 7 money money NN 34823 1500 8 have have VB 34823 1500 9 value value NN 34823 1500 10 from from IN 34823 1500 11 some some DT 34823 1500 12 source source NN 34823 1500 13 outside outside IN 34823 1500 14 its -PRON- PRP$ 34823 1500 15 money money NN 34823 1500 16 - - HYPH 34823 1500 17 functions function NNS 34823 1500 18 ? ? . 34823 1501 1 It -PRON- PRP 34823 1501 2 is be VBZ 34823 1501 3 a a DT 34823 1501 4 part part NN 34823 1501 5 of of IN 34823 1501 6 the the DT 34823 1501 7 quantity quantity NN 34823 1501 8 theory theory NN 34823 1501 9 that that IN 34823 1501 10 this this DT 34823 1501 11 is be VBZ 34823 1501 12 unnecessary unnecessary JJ 34823 1501 13 . . . 34823 1502 1 I -PRON- PRP 34823 1502 2 have have VBP 34823 1502 3 cited cite VBN 34823 1502 4 , , , 34823 1502 5 in in IN 34823 1502 6 the the DT 34823 1502 7 preceding precede VBG 34823 1502 8 chapter chapter NN 34823 1502 9 , , , 34823 1502 10 Irving Irving NNP 34823 1502 11 Fisher Fisher NNP 34823 1502 12 and and CC 34823 1502 13 J. J. NNP 34823 1502 14 S. S. NNP 34823 1502 15 Nicholson Nicholson NNP 34823 1502 16 to to IN 34823 1502 17 this this DT 34823 1502 18 effect effect NN 34823 1502 19 . . . 34823 1503 1 Nicholson Nicholson NNP 34823 1503 2 's 's POS 34823 1503 3 statement statement NN 34823 1503 4 is be VBZ 34823 1503 5 interesting interesting JJ 34823 1503 6 and and CC 34823 1503 7 picturesque picturesque JJ 34823 1503 8 , , , 34823 1503 9 exhibiting exhibit VBG 34823 1503 10 the the DT 34823 1503 11 quantity quantity NN 34823 1503 12 theory theory NN 34823 1503 13 in in IN 34823 1503 14 all all PDT 34823 1503 15 the the DT 34823 1503 16 nakedness nakedness NN 34823 1503 17 of of IN 34823 1503 18 its -PRON- PRP$ 34823 1503 19 poverty poverty NN 34823 1503 20 , , , 34823 1503 21 and and CC 34823 1503 22 I -PRON- PRP 34823 1503 23 shall shall MD 34823 1503 24 present present VB 34823 1503 25 it -PRON- PRP 34823 1503 26 at at IN 34823 1503 27 some some DT 34823 1503 28 length length NN 34823 1503 29 . . . 34823 1504 1 " " `` 34823 1504 2 For for IN 34823 1504 3 simplicity simplicity NN 34823 1504 4 , , , 34823 1504 5 " " '' 34823 1504 6 to to TO 34823 1504 7 isolate isolate VB 34823 1504 8 his -PRON- PRP$ 34823 1504 9 phenomenon phenomenon NN 34823 1504 10 , , , 34823 1504 11 he -PRON- PRP 34823 1504 12 assumes assume VBZ 34823 1504 13 a a DT 34823 1504 14 hypothetical hypothetical JJ 34823 1504 15 market market NN 34823 1504 16 , , , 34823 1504 17 in in IN 34823 1504 18 which which WDT 34823 1504 19 the the DT 34823 1504 20 following follow VBG 34823 1504 21 conditions condition NNS 34823 1504 22 obtain obtain VBP 34823 1504 23 : : : 34823 1504 24 ( ( -LRB- 34823 1504 25 1 1 LS 34823 1504 26 ) ) -RRB- 34823 1504 27 No no DT 34823 1504 28 exchanges exchange NNS 34823 1504 29 are be VBP 34823 1504 30 to to TO 34823 1504 31 be be VB 34823 1504 32 made make VBN 34823 1504 33 unless unless IN 34823 1504 34 money money NN 34823 1504 35 ( ( -LRB- 34823 1504 36 which which WDT 34823 1504 37 he -PRON- PRP 34823 1504 38 assumes assume VBZ 34823 1504 39 to to TO 34823 1504 40 consist consist VB 34823 1504 41 of of IN 34823 1504 42 counters counter NNS 34823 1504 43 of of IN 34823 1504 44 a a DT 34823 1504 45 certain certain JJ 34823 1504 46 size size NN 34823 1504 47 made make VBN 34823 1504 48 of of IN 34823 1504 49 dodo dodo NN 34823 1504 50 - - HYPH 34823 1504 51 bones bone NNS 34823 1504 52 ) ) -RRB- 34823 1504 53 actually actually RB 34823 1504 54 passes pass VBZ 34823 1504 55 from from IN 34823 1504 56 hand hand NN 34823 1504 57 to to IN 34823 1504 58 hand hand NN 34823 1504 59 . . . 34823 1505 1 No no DT 34823 1505 2 credit credit NN 34823 1505 3 or or CC 34823 1505 4 barter barter NN 34823 1505 5 . . . 34823 1506 1 ( ( -LRB- 34823 1506 2 2 2 LS 34823 1506 3 ) ) -RRB- 34823 1506 4 The the DT 34823 1506 5 money money NN 34823 1506 6 is be VBZ 34823 1506 7 to to TO 34823 1506 8 be be VB 34823 1506 9 regarded regard VBN 34823 1506 10 as as IN 34823 1506 11 of of IN 34823 1506 12 no no DT 34823 1506 13 use use NN 34823 1506 14 whatever whatever WDT 34823 1506 15 except except IN 34823 1506 16 to to TO 34823 1506 17 effect effect VB 34823 1506 18 exchanges exchange NNS 34823 1506 19 , , , 34823 1506 20 so so IN 34823 1506 21 that that IN 34823 1506 22 it -PRON- PRP 34823 1506 23 will will MD 34823 1506 24 not not RB 34823 1506 25 be be VB 34823 1506 26 withheld withhold VBN 34823 1506 27 for for IN 34823 1506 28 hoarding hoarding NN 34823 1506 29 , , , 34823 1506 30 _ _ NNP 34823 1506 31 i. i. NNP 34823 1507 1 e. e. NNP 34823 1507 2 _ _ NNP 34823 1507 3 , , , 34823 1507 4 will will MD 34823 1507 5 be be VB 34823 1507 6 actually actually RB 34823 1507 7 in in IN 34823 1507 8 circulation circulation NN 34823 1507 9 . . . 34823 1508 1 ( ( -LRB- 34823 1508 2 3 3 LS 34823 1508 3 ) ) -RRB- 34823 1508 4 There there EX 34823 1508 5 are be VBP 34823 1508 6 ten ten CD 34823 1508 7 traders trader NNS 34823 1508 8 in in IN 34823 1508 9 the the DT 34823 1508 10 market market NN 34823 1508 11 , , , 34823 1508 12 each each DT 34823 1508 13 with with IN 34823 1508 14 one one CD 34823 1508 15 kind kind NN 34823 1508 16 of of IN 34823 1508 17 commodity commodity NN 34823 1508 18 and and CC 34823 1508 19 no no DT 34823 1508 20 money money NN 34823 1508 21 , , , 34823 1508 22 and and CC 34823 1508 23 one one CD 34823 1508 24 trader trader NN 34823 1508 25 with with IN 34823 1508 26 all all PDT 34823 1508 27 the the DT 34823 1508 28 money money NN 34823 1508 29 ( ( -LRB- 34823 1508 30 one one CD 34823 1508 31 hundred hundred CD 34823 1508 32 pieces piece NNS 34823 1508 33 ) ) -RRB- 34823 1508 34 , , , 34823 1508 35 and and CC 34823 1508 36 no no DT 34823 1508 37 commodities commodity NNS 34823 1508 38 . . . 34823 1509 1 Further further RB 34823 1509 2 , , , 34823 1509 3 let let VB 34823 1509 4 this this DT 34823 1509 5 moneyed moneyed JJ 34823 1509 6 man man NN 34823 1509 7 put put VB 34823 1509 8 an an DT 34823 1509 9 equal equal JJ 34823 1509 10 estimation estimation NN 34823 1509 11 on on IN 34823 1509 12 all all PDT 34823 1509 13 the the DT 34823 1509 14 commodities commodity NNS 34823 1509 15 . . . 34823 1510 1 Now now RB 34823 1510 2 let let VB 34823 1510 3 the the DT 34823 1510 4 market market NN 34823 1510 5 be be VB 34823 1510 6 opened open VBN 34823 1510 7 according accord VBG 34823 1510 8 to to IN 34823 1510 9 the the DT 34823 1510 10 rules rule NNS 34823 1510 11 laid lay VBN 34823 1510 12 down down RP 34823 1510 13 ; ; : 34823 1510 14 then then RB 34823 1510 15 all all PDT 34823 1510 16 the the DT 34823 1510 17 money money NN 34823 1510 18 will will MD 34823 1510 19 be be VB 34823 1510 20 offered offer VBN 34823 1510 21 against against IN 34823 1510 22 all all PDT 34823 1510 23 the the DT 34823 1510 24 goods good NNS 34823 1510 25 , , , 34823 1510 26 and and CC 34823 1510 27 , , , 34823 1510 28 every every DT 34823 1510 29 article article NN 34823 1510 30 being be VBG 34823 1510 31 assumed assume VBN 34823 1510 32 of of IN 34823 1510 33 equal equal JJ 34823 1510 34 value value NN 34823 1510 35 , , , 34823 1510 36 the the DT 34823 1510 37 price price NN 34823 1510 38 given give VBN 34823 1510 39 for for IN 34823 1510 40 each each DT 34823 1510 41 article article NN 34823 1510 42 will will MD 34823 1510 43 be be VB 34823 1510 44 ten ten CD 34823 1510 45 pieces piece NNS 34823 1510 46 , , , 34823 1510 47 and and CC 34823 1510 48 the the DT 34823 1510 49 general general JJ 34823 1510 50 level level NN 34823 1510 51 of of IN 34823 1510 52 prices price NNS 34823 1510 53 will will MD 34823 1510 54 be be VB 34823 1510 55 ten ten CD 34823 1510 56 . . . 34823 1511 1 It -PRON- PRP 34823 1511 2 is be VBZ 34823 1511 3 perfectly perfectly RB 34823 1511 4 clear clear JJ 34823 1511 5 that that IN 34823 1511 6 , , , 34823 1511 7 under under IN 34823 1511 8 these these DT 34823 1511 9 suppositions supposition NNS 34823 1511 10 , , , 34823 1511 11 if if IN 34823 1511 12 the the DT 34823 1511 13 amount amount NN 34823 1511 14 of of IN 34823 1511 15 money money NN 34823 1511 16 had have VBD 34823 1511 17 been be VBN 34823 1511 18 one one CD 34823 1511 19 thousand thousand CD 34823 1511 20 pieces piece NNS 34823 1511 21 , , , 34823 1511 22 the the DT 34823 1511 23 price price NN 34823 1511 24 - - HYPH 34823 1511 25 level level NN 34823 1511 26 would would MD 34823 1511 27 have have VB 34823 1511 28 been be VBN 34823 1511 29 one one CD 34823 1511 30 hundred hundred CD 34823 1511 31 per per IN 34823 1511 32 article article NN 34823 1511 33 , , , 34823 1511 34 etc etc FW 34823 1511 35 . . . 34823 1512 1 Under under IN 34823 1512 2 these these DT 34823 1512 3 very very RB 34823 1512 4 rigid rigid JJ 34823 1512 5 assumptions assumption NNS 34823 1512 6 , , , 34823 1512 7 then then RB 34823 1512 8 , , , 34823 1512 9 it -PRON- PRP 34823 1512 10 is be VBZ 34823 1512 11 obvious obvious JJ 34823 1512 12 that that IN 34823 1512 13 the the DT 34823 1512 14 value value NN 34823 1512 15 of of IN 34823 1512 16 money money NN 34823 1512 17 varies vary VBZ 34823 1512 18 exactly exactly RB 34823 1512 19 and and CC 34823 1512 20 inversely inversely RB 34823 1512 21 with with IN 34823 1512 22 the the DT 34823 1512 23 amount amount NN 34823 1512 24 put put VBN 34823 1512 25 into into IN 34823 1512 26 circulation.--The circulation.--The NNP 34823 1512 27 rapidity rapidity NN 34823 1512 28 of of IN 34823 1512 29 circulation circulation NN 34823 1512 30 he -PRON- PRP 34823 1512 31 regards regard VBZ 34823 1512 32 as as IN 34823 1512 33 coördinate coördinate NN 34823 1512 34 , , , 34823 1512 35 in in IN 34823 1512 36 fixing fix VBG 34823 1512 37 the the DT 34823 1512 38 price price NN 34823 1512 39 - - HYPH 34823 1512 40 level level NN 34823 1512 41 , , , 34823 1512 42 with with IN 34823 1512 43 the the DT 34823 1512 44 volume volume NN 34823 1512 45 of of IN 34823 1512 46 money money NN 34823 1512 47 . . . 34823 1513 1 To to TO 34823 1513 2 illustrate illustrate VB 34823 1513 3 this this DT 34823 1513 4 , , , 34823 1513 5 he -PRON- PRP 34823 1513 6 assumes assume VBZ 34823 1513 7 again again RB 34823 1513 8 his -PRON- PRP$ 34823 1513 9 hypothetical hypothetical JJ 34823 1513 10 market market NN 34823 1513 11 , , , 34823 1513 12 and and CC 34823 1513 13 " " `` 34823 1513 14 dodo dodo NN 34823 1513 15 - - HYPH 34823 1513 16 bones bone NNS 34823 1513 17 , , , 34823 1513 18 " " '' 34823 1513 19 assuming assume VBG 34823 1513 20 as as IN 34823 1513 21 before before IN 34823 1513 22 that that DT 34823 1513 23 one one CD 34823 1513 24 merchant merchant NN 34823 1513 25 has have VBZ 34823 1513 26 all all PDT 34823 1513 27 the the DT 34823 1513 28 money money NN 34823 1513 29 ( ( -LRB- 34823 1513 30 one one CD 34823 1513 31 hundred hundred CD 34823 1513 32 pieces piece NNS 34823 1513 33 ) ) -RRB- 34823 1513 34 , , , 34823 1513 35 and and CC 34823 1513 36 that that IN 34823 1513 37 ten ten CD 34823 1513 38 have have VBP 34823 1513 39 commodities commodity NNS 34823 1513 40 of of IN 34823 1513 41 equal equal JJ 34823 1513 42 value value NN 34823 1513 43 . . . 34823 1514 1 Instead instead RB 34823 1514 2 , , , 34823 1514 3 however however RB 34823 1514 4 , , , 34823 1514 5 of of IN 34823 1514 6 the the DT 34823 1514 7 merchant merchant NN 34823 1514 8 with with IN 34823 1514 9 the the DT 34823 1514 10 money money NN 34823 1514 11 desiring desire VBG 34823 1514 12 all all PDT 34823 1514 13 the the DT 34823 1514 14 commodities commodity NNS 34823 1514 15 equally equally RB 34823 1514 16 , , , 34823 1514 17 he -PRON- PRP 34823 1514 18 is be VBZ 34823 1514 19 made make VBN 34823 1514 20 to to TO 34823 1514 21 desire desire VB 34823 1514 22 only only RB 34823 1514 23 the the DT 34823 1514 24 whole whole NN 34823 1514 25 of of IN 34823 1514 26 that that DT 34823 1514 27 of of IN 34823 1514 28 trader trader NN 34823 1514 29 one one CD 34823 1514 30 , , , 34823 1514 31 who who WP 34823 1514 32 in in IN 34823 1514 33 turn turn NN 34823 1514 34 desires desire VBZ 34823 1514 35 the the DT 34823 1514 36 whole whole NN 34823 1514 37 of of IN 34823 1514 38 number number NN 34823 1514 39 two two CD 34823 1514 40 's 's POS 34823 1514 41 stock stock NN 34823 1514 42 ; ; : 34823 1514 43 and and CC 34823 1514 44 so so RB 34823 1514 45 on on RB 34823 1514 46 to to IN 34823 1514 47 the the DT 34823 1514 48 ninth ninth JJ 34823 1514 49 merchant merchant NN 34823 1514 50 , , , 34823 1514 51 who who WP 34823 1514 52 wants want VBZ 34823 1514 53 the the DT 34823 1514 54 commodity commodity NN 34823 1514 55 of of IN 34823 1514 56 number number NN 34823 1514 57 ten ten CD 34823 1514 58 , , , 34823 1514 59 _ _ NNP 34823 1514 60 who who WP 34823 1514 61 wants want VBZ 34823 1514 62 the the DT 34823 1514 63 dodo dodo NN 34823 1514 64 - - HYPH 34823 1514 65 bones bone NNS 34823 1514 66 _ _ NNP 34823 1514 67 . . . 34823 1515 1 In in IN 34823 1515 2 this this DT 34823 1515 3 case case NN 34823 1515 4 , , , 34823 1515 5 each each DT 34823 1515 6 article article NN 34823 1515 7 will will MD 34823 1515 8 be be VB 34823 1515 9 exchanged exchange VBN 34823 1515 10 only only RB 34823 1515 11 once once RB 34823 1515 12 , , , 34823 1515 13 as as RB 34823 1515 14 formerly formerly RB 34823 1515 15 , , , 34823 1515 16 but but CC 34823 1515 17 the the DT 34823 1515 18 money money NN 34823 1515 19 will will MD 34823 1515 20 change change VB 34823 1515 21 hands hand NNS 34823 1515 22 ten ten CD 34823 1515 23 times time NNS 34823 1515 24 , , , 34823 1515 25 and and CC 34823 1515 26 the the DT 34823 1515 27 price price NN 34823 1515 28 of of IN 34823 1515 29 each each DT 34823 1515 30 article article NN 34823 1515 31 will will MD 34823 1515 32 be be VB 34823 1515 33 one one CD 34823 1515 34 hundred hundred CD 34823 1515 35 instead instead RB 34823 1515 36 of of IN 34823 1515 37 ten ten CD 34823 1515 38 . . . 34823 1516 1 " " `` 34823 1516 2 We -PRON- PRP 34823 1516 3 now now RB 34823 1516 4 see see VBP 34823 1516 5 that that IN 34823 1516 6 , , , 34823 1516 7 under under IN 34823 1516 8 these these DT 34823 1516 9 circumstances circumstance NNS 34823 1516 10 , , , 34823 1516 11 with with IN 34823 1516 12 the the DT 34823 1516 13 same same JJ 34823 1516 14 quantity quantity NN 34823 1516 15 of of IN 34823 1516 16 money money NN 34823 1516 17 , , , 34823 1516 18 and and CC 34823 1516 19 the the DT 34823 1516 20 same same JJ 34823 1516 21 volume volume NN 34823 1516 22 of of IN 34823 1516 23 transactions transaction NNS 34823 1516 24 , , , 34823 1516 25 the the DT 34823 1516 26 level level NN 34823 1516 27 of of IN 34823 1516 28 prices price NNS 34823 1516 29 is be VBZ 34823 1516 30 ten ten CD 34823 1516 31 times time NNS 34823 1516 32 as as RB 34823 1516 33 great great JJ 34823 1516 34 as as IN 34823 1516 35 before before RB 34823 1516 36 , , , 34823 1516 37 and and CC 34823 1516 38 the the DT 34823 1516 39 reason reason NN 34823 1516 40 is be VBZ 34823 1516 41 that that IN 34823 1516 42 every every DT 34823 1516 43 piece piece NN 34823 1516 44 of of IN 34823 1516 45 money money NN 34823 1516 46 is be VBZ 34823 1516 47 used use VBN 34823 1516 48 ten ten CD 34823 1516 49 times time NNS 34823 1516 50 instead instead RB 34823 1516 51 of of IN 34823 1516 52 once once RB 34823 1516 53 . . . 34823 1516 54 " " '' 34823 1517 1 Whence whence IN 34823 1517 2 he -PRON- PRP 34823 1517 3 concludes conclude VBZ 34823 1517 4 : : : 34823 1517 5 " " `` 34823 1517 6 The the DT 34823 1517 7 effect effect NN 34823 1517 8 on on IN 34823 1517 9 prices price NNS 34823 1517 10 must must MD 34823 1517 11 be be VB 34823 1517 12 the the DT 34823 1517 13 same same JJ 34823 1517 14 when when WRB 34823 1517 15 , , , 34823 1517 16 in in IN 34823 1517 17 effecting effect VBG 34823 1517 18 transactions transaction NNS 34823 1517 19 , , , 34823 1517 20 one one CD 34823 1517 21 piece piece NN 34823 1517 22 of of IN 34823 1517 23 money money NN 34823 1517 24 is be VBZ 34823 1517 25 used use VBN 34823 1517 26 ten ten CD 34823 1517 27 times time NNS 34823 1517 28 as as IN 34823 1517 29 when when WRB 34823 1517 30 ten ten CD 34823 1517 31 pieces piece NNS 34823 1517 32 of of IN 34823 1517 33 money money NN 34823 1517 34 are be VBP 34823 1517 35 used use VBN 34823 1517 36 once once RB 34823 1517 37 . . . 34823 1518 1 " " `` 34823 1518 2 [ [ -LRB- 34823 1518 3 109 109 CD 34823 1518 4 ] ] -RRB- 34823 1518 5 Ricardo Ricardo NNP 34823 1518 6 , , , 34823 1518 7 too too RB 34823 1518 8 , , , 34823 1518 9 expresses express VBZ 34823 1518 10 the the DT 34823 1518 11 dodo dodo NN 34823 1518 12 - - HYPH 34823 1518 13 bone bone NN 34823 1518 14 theory theory NN 34823 1518 15 very very RB 34823 1518 16 explicitly explicitly RB 34823 1518 17 . . . 34823 1519 1 " " `` 34823 1519 2 If if IN 34823 1519 3 the the DT 34823 1519 4 state state NN 34823 1519 5 charges charge VBZ 34823 1519 6 a a DT 34823 1519 7 seigniorage seigniorage NN 34823 1519 8 for for IN 34823 1519 9 coinage coinage NN 34823 1519 10 , , , 34823 1519 11 the the DT 34823 1519 12 coined coined JJ 34823 1519 13 piece piece NN 34823 1519 14 will will MD 34823 1519 15 generally generally RB 34823 1519 16 exceed exceed VB 34823 1519 17 the the DT 34823 1519 18 value value NN 34823 1519 19 of of IN 34823 1519 20 the the DT 34823 1519 21 uncoined uncoined JJ 34823 1519 22 piece piece NN 34823 1519 23 of of IN 34823 1519 24 metal metal NN 34823 1519 25 by by IN 34823 1519 26 the the DT 34823 1519 27 whole whole JJ 34823 1519 28 seigniorage seigniorage NN 34823 1519 29 , , , 34823 1519 30 because because IN 34823 1519 31 it -PRON- PRP 34823 1519 32 will will MD 34823 1519 33 require require VB 34823 1519 34 a a DT 34823 1519 35 greater great JJR 34823 1519 36 quantity quantity NN 34823 1519 37 of of IN 34823 1519 38 labour labour NN 34823 1519 39 , , , 34823 1519 40 or or CC 34823 1519 41 , , , 34823 1519 42 which which WDT 34823 1519 43 is be VBZ 34823 1519 44 the the DT 34823 1519 45 same same JJ 34823 1519 46 thing thing NN 34823 1519 47 , , , 34823 1519 48 the the DT 34823 1519 49 value value NN 34823 1519 50 of of IN 34823 1519 51 the the DT 34823 1519 52 produce produce NN 34823 1519 53 of of IN 34823 1519 54 a a DT 34823 1519 55 greater great JJR 34823 1519 56 quantity quantity NN 34823 1519 57 of of IN 34823 1519 58 labour labour NN 34823 1519 59 , , , 34823 1519 60 to to TO 34823 1519 61 procure procure VB 34823 1519 62 it -PRON- PRP 34823 1519 63 . . . 34823 1520 1 " " `` 34823 1520 2 While while IN 34823 1520 3 the the DT 34823 1520 4 state state NN 34823 1520 5 alone alone RB 34823 1520 6 coins coin NNS 34823 1520 7 , , , 34823 1520 8 there there EX 34823 1520 9 can can MD 34823 1520 10 be be VB 34823 1520 11 no no DT 34823 1520 12 limit limit NN 34823 1520 13 to to IN 34823 1520 14 this this DT 34823 1520 15 charge charge NN 34823 1520 16 of of IN 34823 1520 17 seigniorage seigniorage NN 34823 1520 18 ; ; : 34823 1520 19 for for IN 34823 1520 20 , , , 34823 1520 21 by by IN 34823 1520 22 limiting limit VBG 34823 1520 23 the the DT 34823 1520 24 quantity quantity NN 34823 1520 25 of of IN 34823 1520 26 the the DT 34823 1520 27 coin coin NN 34823 1520 28 , , , 34823 1520 29 it -PRON- PRP 34823 1520 30 can can MD 34823 1520 31 be be VB 34823 1520 32 raised raise VBN 34823 1520 33 to to IN 34823 1520 34 any any DT 34823 1520 35 conceivable conceivable JJ 34823 1520 36 value value NN 34823 1520 37 . . . 34823 1521 1 It -PRON- PRP 34823 1521 2 is be VBZ 34823 1521 3 on on IN 34823 1521 4 this this DT 34823 1521 5 principle principle NN 34823 1521 6 that that DT 34823 1521 7 paper paper NN 34823 1521 8 money money NN 34823 1521 9 circulates circulate VBZ 34823 1521 10 ; ; : 34823 1521 11 the the DT 34823 1521 12 whole whole JJ 34823 1521 13 charge charge NN 34823 1521 14 for for IN 34823 1521 15 paper paper NN 34823 1521 16 money money NN 34823 1521 17 may may MD 34823 1521 18 be be VB 34823 1521 19 considered consider VBN 34823 1521 20 a a DT 34823 1521 21 seigniorage seigniorage NN 34823 1521 22 . . . 34823 1522 1 Though though IN 34823 1522 2 it -PRON- PRP 34823 1522 3 has have VBZ 34823 1522 4 no no DT 34823 1522 5 intrinsic intrinsic JJ 34823 1522 6 value value NN 34823 1522 7 , , , 34823 1522 8 yet yet RB 34823 1522 9 , , , 34823 1522 10 by by IN 34823 1522 11 limiting limit VBG 34823 1522 12 its -PRON- PRP$ 34823 1522 13 quantity quantity NN 34823 1522 14 , , , 34823 1522 15 its -PRON- PRP$ 34823 1522 16 value value NN 34823 1522 17 is be VBZ 34823 1522 18 as as RB 34823 1522 19 great great JJ 34823 1522 20 as as IN 34823 1522 21 an an DT 34823 1522 22 equal equal JJ 34823 1522 23 denomination denomination NN 34823 1522 24 of of IN 34823 1522 25 coin coin NN 34823 1522 26 , , , 34823 1522 27 or or CC 34823 1522 28 of of IN 34823 1522 29 bullion bullion NN 34823 1522 30 in in IN 34823 1522 31 that that DT 34823 1522 32 coin coin NN 34823 1522 33 . . . 34823 1523 1 " " `` 34823 1523 2 [ [ -LRB- 34823 1523 3 110 110 CD 34823 1523 4 ] ] -RRB- 34823 1523 5 Would Would MD 34823 1523 6 the the DT 34823 1523 7 dodo dodo NN 34823 1523 8 - - HYPH 34823 1523 9 bones bone NNS 34823 1523 10 circulate circulate VBP 34823 1523 11 ? ? . 34823 1524 1 Nicholson Nicholson NNP 34823 1524 2 chose choose VBD 34823 1524 3 the the DT 34823 1524 4 illustration illustration NN 34823 1524 5 to to TO 34823 1524 6 throw throw VB 34823 1524 7 into into IN 34823 1524 8 the the DT 34823 1524 9 sharpest sharp JJS 34823 1524 10 relief relief NN 34823 1524 11 the the DT 34823 1524 12 absence absence NN 34823 1524 13 of of IN 34823 1524 14 any any DT 34823 1524 15 value value NN 34823 1524 16 from from IN 34823 1524 17 a a DT 34823 1524 18 non non JJ 34823 1524 19 - - JJ 34823 1524 20 monetary monetary JJ 34823 1524 21 employment employment NN 34823 1524 22 . . . 34823 1525 1 Nobody nobody NN 34823 1525 2 has have VBZ 34823 1525 3 any any DT 34823 1525 4 use use NN 34823 1525 5 for for IN 34823 1525 6 them -PRON- PRP 34823 1525 7 as as IN 34823 1525 8 dodo dodo NN 34823 1525 9 - - HYPH 34823 1525 10 bones bone NNS 34823 1525 11 . . . 34823 1526 1 What what WDT 34823 1526 2 economic economic JJ 34823 1526 3 force force NN 34823 1526 4 is be VBZ 34823 1526 5 there there RB 34823 1526 6 , , , 34823 1526 7 then then RB 34823 1526 8 , , , 34823 1526 9 to to TO 34823 1526 10 make make VB 34823 1526 11 them -PRON- PRP 34823 1526 12 circulate circulate VB 34823 1526 13 ? ? . 34823 1527 1 Nicholson Nicholson NNP 34823 1527 2 says say VBZ 34823 1527 3 nothing nothing NN 34823 1527 4 about about IN 34823 1527 5 an an DT 34823 1527 6 _ _ NNP 34823 1527 7 agreement agreement NN 34823 1527 8 _ _ NNP 34823 1527 9 among among IN 34823 1527 10 the the DT 34823 1527 11 traders trader NNS 34823 1527 12 , , , 34823 1527 13 _ _ NNP 34823 1527 14 assigning assigning NN 34823 1527 15 _ _ NNP 34823 1527 16 a a DT 34823 1527 17 significance[111 significance[111 NN 34823 1527 18 ] ] -RRB- 34823 1527 19 to to IN 34823 1527 20 the the DT 34823 1527 21 dodo dodo NN 34823 1527 22 - - HYPH 34823 1527 23 bones bone NNS 34823 1527 24 , , , 34823 1527 25 so so IN 34823 1527 26 that that IN 34823 1527 27 they -PRON- PRP 34823 1527 28 might may MD 34823 1527 29 function function VB 34823 1527 30 in in IN 34823 1527 31 the the DT 34823 1527 32 same same JJ 34823 1527 33 way way NN 34823 1527 34 that that WDT 34823 1527 35 poker poker NN 34823 1527 36 chips chip NNS 34823 1527 37 do do VBP 34823 1527 38 -- -- : 34823 1527 39 indeed indeed RB 34823 1527 40 , , , 34823 1527 41 any any DT 34823 1527 42 such such JJ 34823 1527 43 notion notion NN 34823 1527 44 would would MD 34823 1527 45 vitiate vitiate VB 34823 1527 46 his -PRON- PRP$ 34823 1527 47 illustration illustration NN 34823 1527 48 , , , 34823 1527 49 for for IN 34823 1527 50 he -PRON- PRP 34823 1527 51 proposes propose VBZ 34823 1527 52 to to TO 34823 1527 53 explain explain VB 34823 1527 54 an an DT 34823 1527 55 adjustment adjustment NN 34823 1527 56 of of IN 34823 1527 57 prices price NNS 34823 1527 58 by by IN 34823 1527 59 natural natural JJ 34823 1527 60 economic economic JJ 34823 1527 61 laws law NNS 34823 1527 62 . . . 34823 1528 1 Why why WRB 34823 1528 2 then then RB 34823 1528 3 , , , 34823 1528 4 will will MD 34823 1528 5 any any DT 34823 1528 6 of of IN 34823 1528 7 the the DT 34823 1528 8 traders trader NNS 34823 1528 9 give give VBP 34823 1528 10 up up RP 34823 1528 11 his -PRON- PRP$ 34823 1528 12 valuable valuable JJ 34823 1528 13 commodities commodity NNS 34823 1528 14 for for IN 34823 1528 15 the the DT 34823 1528 16 worthless worthless JJ 34823 1528 17 dodo dodo NN 34823 1528 18 - - HYPH 34823 1528 19 bones bone NNS 34823 1528 20 ? ? . 34823 1529 1 Will Will MD 34823 1529 2 you -PRON- PRP 34823 1529 3 say say VB 34823 1529 4 that that IN 34823 1529 5 he -PRON- PRP 34823 1529 6 will will MD 34823 1529 7 take take VB 34823 1529 8 them -PRON- PRP 34823 1529 9 , , , 34823 1529 10 not not RB 34823 1529 11 because because IN 34823 1529 12 he -PRON- PRP 34823 1529 13 wants want VBZ 34823 1529 14 them -PRON- PRP 34823 1529 15 himself -PRON- PRP 34823 1529 16 , , , 34823 1529 17 but but CC 34823 1529 18 because because IN 34823 1529 19 he -PRON- PRP 34823 1529 20 knows know VBZ 34823 1529 21 that that IN 34823 1529 22 others other NNS 34823 1529 23 will will MD 34823 1529 24 take take VB 34823 1529 25 them -PRON- PRP 34823 1529 26 from from IN 34823 1529 27 him -PRON- PRP 34823 1529 28 ? ? . 34823 1530 1 But but CC 34823 1530 2 why why WRB 34823 1530 3 would would MD 34823 1530 4 the the DT 34823 1530 5 others other NNS 34823 1530 6 want want VB 34823 1530 7 them -PRON- PRP 34823 1530 8 ? ? . 34823 1531 1 Because because IN 34823 1531 2 they -PRON- PRP 34823 1531 3 in in IN 34823 1531 4 turn turn NN 34823 1531 5 can can MD 34823 1531 6 unload unload VB 34823 1531 7 them -PRON- PRP 34823 1531 8 on on IN 34823 1531 9 still still RB 34823 1531 10 others other NNS 34823 1531 11 ? ? . 34823 1532 1 But but CC 34823 1532 2 this this DT 34823 1532 3 seems seem VBZ 34823 1532 4 a a DT 34823 1532 5 plain plain JJ 34823 1532 6 case case NN 34823 1532 7 of of IN 34823 1532 8 the the DT 34823 1532 9 vicious vicious JJ 34823 1532 10 circle circle NN 34823 1532 11 . . . 34823 1533 1 It -PRON- PRP 34823 1533 2 is be VBZ 34823 1533 3 , , , 34823 1533 4 in in IN 34823 1533 5 effect effect NN 34823 1533 6 , , , 34823 1533 7 saying say VBG 34823 1533 8 that that IN 34823 1533 9 the the DT 34823 1533 10 dodo dodo NN 34823 1533 11 - - HYPH 34823 1533 12 bones bone NNS 34823 1533 13 will will MD 34823 1533 14 circulate circulate VB 34823 1533 15 because because IN 34823 1533 16 they -PRON- PRP 34823 1533 17 will will MD 34823 1533 18 circulate circulate VB 34823 1533 19 . . . 34823 1534 1 A a DT 34823 1534 2 will will MD 34823 1534 3 take take VB 34823 1534 4 them -PRON- PRP 34823 1534 5 because because IN 34823 1534 6 B B NNP 34823 1534 7 will will MD 34823 1534 8 take take VB 34823 1534 9 them -PRON- PRP 34823 1534 10 ; ; : 34823 1534 11 B B NNP 34823 1534 12 will will MD 34823 1534 13 take take VB 34823 1534 14 them -PRON- PRP 34823 1534 15 because because IN 34823 1534 16 C C NNP 34823 1534 17 will will MD 34823 1534 18 take take VB 34823 1534 19 them -PRON- PRP 34823 1534 20 , , , 34823 1534 21 C C NNP 34823 1534 22 because because IN 34823 1534 23 ... ... NFP 34823 1534 24 N n CC 34823 1534 25 will will MD 34823 1534 26 take take VB 34823 1534 27 them -PRON- PRP 34823 1534 28 ; ; : 34823 1534 29 N n CC 34823 1534 30 takes take VBZ 34823 1534 31 them -PRON- PRP 34823 1534 32 because because IN 34823 1534 33 A a DT 34823 1534 34 will will MD 34823 1534 35 take take VB 34823 1534 36 them -PRON- PRP 34823 1534 37 . . . 34823 1535 1 [ [ -LRB- 34823 1535 2 112 112 CD 34823 1535 3 ] ] -RRB- 34823 1535 4 I -PRON- PRP 34823 1535 5 do do VBP 34823 1535 6 not not RB 34823 1535 7 deny deny VB 34823 1535 8 that that IN 34823 1535 9 if if IN 34823 1535 10 the the DT 34823 1535 11 traders trader NNS 34823 1535 12 used use VBD 34823 1535 13 the the DT 34823 1535 14 dodo dodo NN 34823 1535 15 - - HYPH 34823 1535 16 bones bone NNS 34823 1535 17 as as IN 34823 1535 18 counters counter NNS 34823 1535 19 , , , 34823 1535 20 agreeing agree VBG 34823 1535 21 that that IN 34823 1535 22 such such JJ 34823 1535 23 dodo dodo NN 34823 1535 24 - - HYPH 34823 1535 25 bones bone NNS 34823 1535 26 should should MD 34823 1535 27 represent represent VB 34823 1535 28 some some DT 34823 1535 29 other other JJ 34823 1535 30 commodity commodity NN 34823 1535 31 chosen choose VBN 34823 1535 32 as as IN 34823 1535 33 a a DT 34823 1535 34 standard standard NN 34823 1535 35 of of IN 34823 1535 36 values value NNS 34823 1535 37 , , , 34823 1535 38 that that IN 34823 1535 39 the the DT 34823 1535 40 dodo dodo NN 34823 1535 41 - - HYPH 34823 1535 42 bones bone NNS 34823 1535 43 would would MD 34823 1535 44 circulate circulate VB 34823 1535 45 . . . 34823 1536 1 But but CC 34823 1536 2 , , , 34823 1536 3 in in IN 34823 1536 4 that that DT 34823 1536 5 case case NN 34823 1536 6 , , , 34823 1536 7 they -PRON- PRP 34823 1536 8 would would MD 34823 1536 9 be be VB 34823 1536 10 , , , 34823 1536 11 not not RB 34823 1536 12 primary primary JJ 34823 1536 13 , , , 34823 1536 14 self self NN 34823 1536 15 - - HYPH 34823 1536 16 sustaining sustain VBG 34823 1536 17 money money NN 34823 1536 18 , , , 34823 1536 19 but but CC 34823 1536 20 merely merely RB 34823 1536 21 representative representative JJ 34823 1536 22 , , , 34823 1536 23 or or CC 34823 1536 24 token token JJ 34823 1536 25 money money NN 34823 1536 26 . . . 34823 1537 1 And and CC 34823 1537 2 just just RB 34823 1537 3 here here RB 34823 1537 4 let let VB 34823 1537 5 me -PRON- PRP 34823 1537 6 lay lay VB 34823 1537 7 down down RP 34823 1537 8 two two CD 34823 1537 9 general general JJ 34823 1537 10 propositions[113 propositions[113 NNS 34823 1537 11 ] ] -RRB- 34823 1537 12 respecting respect VBG 34823 1537 13 the the DT 34823 1537 14 two two CD 34823 1537 15 main main JJ 34823 1537 16 functions function NNS 34823 1537 17 of of IN 34823 1537 18 money money NN 34823 1537 19 : : : 34823 1537 20 to to TO 34823 1537 21 serve serve VB 34823 1537 22 as as IN 34823 1537 23 a a DT 34823 1537 24 standard standard NN 34823 1537 25 , , , 34823 1537 26 or or CC 34823 1537 27 common common JJ 34823 1537 28 measure measure NN 34823 1537 29 , , , 34823 1537 30 of of IN 34823 1537 31 values value NNS 34823 1537 32 , , , 34823 1537 33 the the DT 34823 1537 34 article article NN 34823 1537 35 chosen choose VBN 34823 1537 36 must must MD 34823 1537 37 , , , 34823 1537 38 as as IN 34823 1537 39 such such JJ 34823 1537 40 , , , 34823 1537 41 be be VB 34823 1537 42 valuable valuable JJ 34823 1537 43 . . . 34823 1538 1 The the DT 34823 1538 2 thing thing NN 34823 1538 3 measured measure VBN 34823 1538 4 must must MD 34823 1538 5 be be VB 34823 1538 6 either either CC 34823 1538 7 a a DT 34823 1538 8 fraction fraction NN 34823 1538 9 or or CC 34823 1538 10 a a DT 34823 1538 11 multiple multiple NN 34823 1538 12 of of IN 34823 1538 13 the the DT 34823 1538 14 unit unit NN 34823 1538 15 of of IN 34823 1538 16 measurement measurement NNP 34823 1538 17 . . . 34823 1539 1 But but CC 34823 1539 2 this this DT 34823 1539 3 quantitative quantitative JJ 34823 1539 4 relation relation NN 34823 1539 5 can can MD 34823 1539 6 exist exist VB 34823 1539 7 only only RB 34823 1539 8 between between IN 34823 1539 9 _ _ NNP 34823 1539 10 homogeneous homogeneous JJ 34823 1539 11 _ _ NNP 34823 1539 12 things thing NNS 34823 1539 13 . . . 34823 1540 1 The the DT 34823 1540 2 standard standard NN 34823 1540 3 , , , 34823 1540 4 or or CC 34823 1540 5 measure measure NN 34823 1540 6 , , , 34823 1540 7 of of IN 34823 1540 8 values value NNS 34823 1540 9 , , , 34823 1540 10 then then RB 34823 1540 11 , , , 34823 1540 12 must must MD 34823 1540 13 be be VB 34823 1540 14 like like IN 34823 1540 15 the the DT 34823 1540 16 commodities commodity NNS 34823 1540 17 whose whose WP$ 34823 1540 18 values value NNS 34823 1540 19 it -PRON- PRP 34823 1540 20 is be VBZ 34823 1540 21 to to TO 34823 1540 22 measure measure VB 34823 1540 23 , , , 34823 1540 24 at at IN 34823 1540 25 least least JJS 34823 1540 26 to to IN 34823 1540 27 the the DT 34823 1540 28 extent extent NN 34823 1540 29 of of IN 34823 1540 30 having have VBG 34823 1540 31 _ _ NNP 34823 1540 32 value value NN 34823 1540 33 _ _ NNP 34823 1540 34 . . . 34823 1541 1 [ [ -LRB- 34823 1541 2 114 114 CD 34823 1541 3 ] ] -RRB- 34823 1541 4 The the DT 34823 1541 5 second second JJ 34823 1541 6 proposition proposition NN 34823 1541 7 is be VBZ 34823 1541 8 respecting respect VBG 34823 1541 9 the the DT 34823 1541 10 medium medium NN 34823 1541 11 of of IN 34823 1541 12 exchange exchange NN 34823 1541 13 . . . 34823 1542 1 The the DT 34823 1542 2 medium medium NN 34823 1542 3 of of IN 34823 1542 4 exchange exchange NN 34823 1542 5 must must MD 34823 1542 6 also also RB 34823 1542 7 have have VB 34823 1542 8 value value NN 34823 1542 9 , , , 34823 1542 10 or or CC 34823 1542 11 else else RB 34823 1542 12 be be VB 34823 1542 13 a a DT 34823 1542 14 representative representative NN 34823 1542 15 of of IN 34823 1542 16 something something NN 34823 1542 17 which which WDT 34823 1542 18 has have VBZ 34823 1542 19 value value NN 34823 1542 20 . . . 34823 1543 1 There there EX 34823 1543 2 can can MD 34823 1543 3 be be VB 34823 1543 4 no no DT 34823 1543 5 exchange exchange NN 34823 1543 6 , , , 34823 1543 7 in in IN 34823 1543 8 the the DT 34823 1543 9 economic economic JJ 34823 1543 10 sense sense NN 34823 1543 11 -- -- : 34823 1543 12 I -PRON- PRP 34823 1543 13 abstract abstract VBP 34823 1543 14 from from IN 34823 1543 15 disguised disguised JJ 34823 1543 16 benevolences benevolence NNS 34823 1543 17 , , , 34823 1543 18 accidents accident NNS 34823 1543 19 , , , 34823 1543 20 and and CC 34823 1543 21 frauds fraud NNS 34823 1543 22 -- -- : 34823 1543 23 without without IN 34823 1543 24 a a DT 34823 1543 25 _ _ NNP 34823 1543 26 quid quid NN 34823 1543 27 pro pro FW 34823 1543 28 quo quo FW 34823 1543 29 _ _ NNP 34823 1543 30 , , , 34823 1543 31 without without IN 34823 1543 32 value value NN 34823 1543 33 balancing balance VBG 34823 1543 34 value value NN 34823 1543 35 , , , 34823 1543 36 at at IN 34823 1543 37 least least JJS 34823 1543 38 roughly roughly RB 34823 1543 39 , , , 34823 1543 40 in in IN 34823 1543 41 the the DT 34823 1543 42 process process NN 34823 1543 43 . . . 34823 1544 1 Now now RB 34823 1544 2 when when WRB 34823 1544 3 it -PRON- PRP 34823 1544 4 is be VBZ 34823 1544 5 remembered remember VBN 34823 1544 6 that that IN 34823 1544 7 the the DT 34823 1544 8 intervention intervention NN 34823 1544 9 of of IN 34823 1544 10 the the DT 34823 1544 11 medium medium NN 34823 1544 12 of of IN 34823 1544 13 exchange exchange NN 34823 1544 14 , , , 34823 1544 15 taking take VBG 34823 1544 16 the the DT 34823 1544 17 place place NN 34823 1544 18 of of IN 34823 1544 19 barter barter NN 34823 1544 20 , , , 34823 1544 21 really really RB 34823 1544 22 breaks break VBZ 34823 1544 23 up up RP 34823 1544 24 a a DT 34823 1544 25 single single JJ 34823 1544 26 exchange exchange NN 34823 1544 27 under under IN 34823 1544 28 the the DT 34823 1544 29 barter barter NN 34823 1544 30 system system NN 34823 1544 31 into into IN 34823 1544 32 two two CD 34823 1544 33 or or CC 34823 1544 34 more more JJR 34823 1544 35 independent independent JJ 34823 1544 36 exchanges exchange NNS 34823 1544 37 , , , 34823 1544 38 and and CC 34823 1544 39 that that IN 34823 1544 40 the the DT 34823 1544 41 medium medium NN 34823 1544 42 of of IN 34823 1544 43 exchange exchange NN 34823 1544 44 is be VBZ 34823 1544 45 actually actually RB 34823 1544 46 received receive VBN 34823 1544 47 in in IN 34823 1544 48 exchange exchange NN 34823 1544 49 for for IN 34823 1544 50 valuable valuable JJ 34823 1544 51 commodities commodity NNS 34823 1544 52 , , , 34823 1544 53 it -PRON- PRP 34823 1544 54 follows follow VBZ 34823 1544 55 clearly clearly RB 34823 1544 56 that that IN 34823 1544 57 the the DT 34823 1544 58 medium medium NN 34823 1544 59 of of IN 34823 1544 60 exchange exchange NN 34823 1544 61 must must MD 34823 1544 62 either either CC 34823 1544 63 have have VB 34823 1544 64 value value NN 34823 1544 65 itself -PRON- PRP 34823 1544 66 , , , 34823 1544 67 or or CC 34823 1544 68 else else RB 34823 1544 69 represent represent VB 34823 1544 70 that that IN 34823 1544 71 which which WDT 34823 1544 72 has have VBZ 34823 1544 73 value value NN 34823 1544 74 . . . 34823 1545 1 These these DT 34823 1545 2 two two CD 34823 1545 3 propositions proposition NNS 34823 1545 4 seem seem VBP 34823 1545 5 almost almost RB 34823 1545 6 too too RB 34823 1545 7 obvious obvious JJ 34823 1545 8 to to TO 34823 1545 9 require require VB 34823 1545 10 the the DT 34823 1545 11 statement statement NN 34823 1545 12 , , , 34823 1545 13 but but CC 34823 1545 14 they -PRON- PRP 34823 1545 15 contradict contradict VBP 34823 1545 16 the the DT 34823 1545 17 quantity quantity NN 34823 1545 18 theory theory NN 34823 1545 19 , , , 34823 1545 20 and and CC 34823 1545 21 they -PRON- PRP 34823 1545 22 are be VBP 34823 1545 23 not not RB 34823 1545 24 , , , 34823 1545 25 on on IN 34823 1545 26 the the DT 34823 1545 27 surface surface NN 34823 1545 28 , , , 34823 1545 29 reconcilable reconcilable VB 34823 1545 30 with with IN 34823 1545 31 certain certain JJ 34823 1545 32 facts fact NNS 34823 1545 33 in in IN 34823 1545 34 the the DT 34823 1545 35 history history NN 34823 1545 36 of of IN 34823 1545 37 inconvertible inconvertible JJ 34823 1545 38 paper paper NN 34823 1545 39 money money NN 34823 1545 40 . . . 34823 1546 1 It -PRON- PRP 34823 1546 2 is be VBZ 34823 1546 3 necessary necessary JJ 34823 1546 4 , , , 34823 1546 5 therefore therefore RB 34823 1546 6 , , , 34823 1546 7 to to TO 34823 1546 8 state state VB 34823 1546 9 them -PRON- PRP 34823 1546 10 , , , 34823 1546 11 and and CC 34823 1546 12 to to TO 34823 1546 13 examine examine VB 34823 1546 14 further further RB 34823 1546 15 some some DT 34823 1546 16 of of IN 34823 1546 17 the the DT 34823 1546 18 phenomena phenomenon NNS 34823 1546 19 which which WDT 34823 1546 20 seem seem VBP 34823 1546 21 to to TO 34823 1546 22 contradict contradict VB 34823 1546 23 them -PRON- PRP 34823 1546 24 . . . 34823 1547 1 If if IN 34823 1547 2 they -PRON- PRP 34823 1547 3 are be VBP 34823 1547 4 true true JJ 34823 1547 5 , , , 34823 1547 6 Nicholson Nicholson NNP 34823 1547 7 's 's POS 34823 1547 8 dodo dodo NN 34823 1547 9 - - HYPH 34823 1547 10 bones bone NNS 34823 1547 11 will will MD 34823 1547 12 perform perform VB 34823 1547 13 neither neither DT 34823 1547 14 of of IN 34823 1547 15 the the DT 34823 1547 16 primary primary JJ 34823 1547 17 functions function NNS 34823 1547 18 of of IN 34823 1547 19 money money NN 34823 1547 20 . . . 34823 1548 1 They -PRON- PRP 34823 1548 2 have have VBP 34823 1548 3 no no DT 34823 1548 4 value value NN 34823 1548 5 , , , 34823 1548 6 _ _ NNP 34823 1548 7 per per IN 34823 1548 8 se_--they se_--they NN 34823 1548 9 can can MD 34823 1548 10 not not RB 34823 1548 11 , , , 34823 1548 12 then then RB 34823 1548 13 , , , 34823 1548 14 measure measure NN 34823 1548 15 values value NNS 34823 1548 16 ; ; : 34823 1548 17 they -PRON- PRP 34823 1548 18 are be VBP 34823 1548 19 neither neither CC 34823 1548 20 valuable valuable JJ 34823 1548 21 nor nor CC 34823 1548 22 titles title NNS 34823 1548 23 to to IN 34823 1548 24 valuable valuable JJ 34823 1548 25 things thing NNS 34823 1548 26 -- -- : 34823 1548 27 they -PRON- PRP 34823 1548 28 are be VBP 34823 1548 29 not not RB 34823 1548 30 _ _ NNP 34823 1548 31 quid quid NN 34823 1548 32 pro pro FW 34823 1548 33 quo quo FW 34823 1548 34 _ _ NNP 34823 1548 35 in in IN 34823 1548 36 exchange exchange NN 34823 1548 37 , , , 34823 1548 38 and and CC 34823 1548 39 will will MD 34823 1548 40 not not RB 34823 1548 41 circulate circulate VB 34823 1548 42 . . . 34823 1549 1 I -PRON- PRP 34823 1549 2 shall shall MD 34823 1549 3 not not RB 34823 1549 4 pause pause VB 34823 1549 5 long long JJ 34823 1549 6 to to TO 34823 1549 7 discuss discuss VB 34823 1549 8 the the DT 34823 1549 9 doctrine doctrine NN 34823 1549 10 that that DT 34823 1549 11 money money NN 34823 1549 12 needs need VBZ 34823 1549 13 no no DT 34823 1549 14 value value NN 34823 1549 15 itself -PRON- PRP 34823 1549 16 , , , 34823 1549 17 because because IN 34823 1549 18 it -PRON- PRP 34823 1549 19 is be VBZ 34823 1549 20 really really RB 34823 1549 21 a a DT 34823 1549 22 sort sort NN 34823 1549 23 of of IN 34823 1549 24 title title NN 34823 1549 25 to to TO 34823 1549 26 , , , 34823 1549 27 or or CC 34823 1549 28 claim claim VB 34823 1549 29 on on IN 34823 1549 30 , , , 34823 1549 31 or or CC 34823 1549 32 representative representative NN 34823 1549 33 of of IN 34823 1549 34 , , , 34823 1549 35 goods good NNS 34823 1549 36 in in IN 34823 1549 37 general general JJ 34823 1549 38 . . . 34823 1550 1 The the DT 34823 1550 2 notion notion NN 34823 1550 3 , , , 34823 1550 4 first first RB 34823 1550 5 , , , 34823 1550 6 would would MD 34823 1550 7 not not RB 34823 1550 8 pass pass VB 34823 1550 9 a a DT 34823 1550 10 lawyer lawyer NN 34823 1550 11 's 's POS 34823 1550 12 scrutiny scrutiny NN 34823 1550 13 . . . 34823 1551 1 There there EX 34823 1551 2 are be VBP 34823 1551 3 no no DT 34823 1551 4 such such JJ 34823 1551 5 indefinite indefinite JJ 34823 1551 6 legal legal JJ 34823 1551 7 rights right NNS 34823 1551 8 . . . 34823 1552 1 A a DT 34823 1552 2 system system NN 34823 1552 3 of of IN 34823 1552 4 legally legally RB 34823 1552 5 fixed fix VBN 34823 1552 6 prices price NNS 34823 1552 7 , , , 34823 1552 8 with with IN 34823 1552 9 a a DT 34823 1552 10 socialistic socialistic JJ 34823 1552 11 organization organization NN 34823 1552 12 of of IN 34823 1552 13 society society NN 34823 1552 14 , , , 34823 1552 15 would would MD 34823 1552 16 be be VB 34823 1552 17 necessary necessary JJ 34823 1552 18 to to TO 34823 1552 19 give give VB 34823 1552 20 it -PRON- PRP 34823 1552 21 definiteness definiteness JJ 34823 1552 22 -- -- : 34823 1552 23 and and CC 34823 1552 24 in in IN 34823 1552 25 such such PDT 34823 1552 26 a a DT 34823 1552 27 situation situation NN 34823 1552 28 there there EX 34823 1552 29 would would MD 34823 1552 30 be be VB 34823 1552 31 no no DT 34823 1552 32 room room NN 34823 1552 33 for for IN 34823 1552 34 a a DT 34823 1552 35 quantity quantity NN 34823 1552 36 theory theory NN 34823 1552 37 of of IN 34823 1552 38 prices price NNS 34823 1552 39 ! ! . 34823 1553 1 Economic economic JJ 34823 1553 2 goods good NNS 34823 1553 3 , , , 34823 1553 4 as as IN 34823 1553 5 distinct distinct JJ 34823 1553 6 from from IN 34823 1553 7 money money NN 34823 1553 8 , , , 34823 1553 9 are be VBP 34823 1553 10 not not RB 34823 1553 11 generally generally RB 34823 1553 12 " " `` 34823 1553 13 fungible fungible JJ 34823 1553 14 " " '' 34823 1553 15 to to IN 34823 1553 16 the the DT 34823 1553 17 extent extent NN 34823 1553 18 that that WDT 34823 1553 19 would would MD 34823 1553 20 make make VB 34823 1553 21 them -PRON- PRP 34823 1553 22 indifferent indifferent JJ 34823 1553 23 objects object NNS 34823 1553 24 of of IN 34823 1553 25 legal legal JJ 34823 1553 26 rights right NNS 34823 1553 27 . . . 34823 1554 1 Besides besides IN 34823 1554 2 , , , 34823 1554 3 whether whether IN 34823 1554 4 or or CC 34823 1554 5 not not RB 34823 1554 6 the the DT 34823 1554 7 thing thing NN 34823 1554 8 is be VBZ 34823 1554 9 logically logically RB 34823 1554 10 thinkable thinkable JJ 34823 1554 11 , , , 34823 1554 12 it -PRON- PRP 34823 1554 13 is be VBZ 34823 1554 14 legally legally RB 34823 1554 15 false false JJ 34823 1554 16 . . . 34823 1555 1 Legal legal JJ 34823 1555 2 factors factor NNS 34823 1555 3 enter enter VBP 34823 1555 4 into into IN 34823 1555 5 the the DT 34823 1555 6 economic economic JJ 34823 1555 7 value value NN 34823 1555 8 of of IN 34823 1555 9 money money NN 34823 1555 10 , , , 34823 1555 11 as as IN 34823 1555 12 will will MD 34823 1555 13 later later RB 34823 1555 14 be be VB 34823 1555 15 shown show VBN 34823 1555 16 , , , 34823 1555 17 but but CC 34823 1555 18 it -PRON- PRP 34823 1555 19 is be VBZ 34823 1555 20 economic economic JJ 34823 1555 21 , , , 34823 1555 22 and and CC 34823 1555 23 not not RB 34823 1555 24 legal legal JJ 34823 1555 25 , , , 34823 1555 26 value value NN 34823 1555 27 , , , 34823 1555 28 which which WDT 34823 1555 29 makes make VBZ 34823 1555 30 money money NN 34823 1555 31 circulate circulate VB 34823 1555 32 . . . 34823 1556 1 Helfferich Helfferich NNP 34823 1556 2 has have VBZ 34823 1556 3 taken take VBN 34823 1556 4 the the DT 34823 1556 5 trouble trouble NN 34823 1556 6 to to TO 34823 1556 7 give give VB 34823 1556 8 the the DT 34823 1556 9 notion notion NN 34823 1556 10 of of IN 34823 1556 11 money money NN 34823 1556 12 as as IN 34823 1556 13 a a DT 34823 1556 14 mere mere JJ 34823 1556 15 title title NN 34823 1556 16 to to IN 34823 1556 17 things thing NNS 34823 1556 18 in in IN 34823 1556 19 general general JJ 34823 1556 20 a a DT 34823 1556 21 somewhat somewhat RB 34823 1556 22 more more RBR 34823 1556 23 fundamental fundamental JJ 34823 1556 24 analysis analysis NN 34823 1556 25 , , , 34823 1556 26 and and CC 34823 1556 27 I -PRON- PRP 34823 1556 28 would would MD 34823 1556 29 refer refer VB 34823 1556 30 the the DT 34823 1556 31 reader reader NN 34823 1556 32 who who WP 34823 1556 33 is be VBZ 34823 1556 34 not not RB 34823 1556 35 satisfied satisfied JJ 34823 1556 36 by by IN 34823 1556 37 the the DT 34823 1556 38 foregoing foregoing NN 34823 1556 39 on on IN 34823 1556 40 this this DT 34823 1556 41 point point NN 34823 1556 42 to to IN 34823 1556 43 his -PRON- PRP$ 34823 1556 44 discussion discussion NN 34823 1556 45 . . . 34823 1557 1 [ [ -LRB- 34823 1557 2 115 115 CD 34823 1557 3 ] ] -RRB- 34823 1557 4 I -PRON- PRP 34823 1557 5 wish wish VBP 34823 1557 6 to to TO 34823 1557 7 make make VB 34823 1557 8 very very RB 34823 1557 9 clear clear JJ 34823 1557 10 precisely precisely RB 34823 1557 11 how how WRB 34823 1557 12 much much RB 34823 1557 13 I -PRON- PRP 34823 1557 14 mean mean VBP 34823 1557 15 by by IN 34823 1557 16 the the DT 34823 1557 17 foregoing foregoing JJ 34823 1557 18 argument argument NN 34823 1557 19 that that IN 34823 1557 20 circular circular JJ 34823 1557 21 reasoning reasoning NN 34823 1557 22 is be VBZ 34823 1557 23 involved involve VBN 34823 1557 24 in in IN 34823 1557 25 saying say VBG 34823 1557 26 that that IN 34823 1557 27 A A NNP 34823 1557 28 will will MD 34823 1557 29 take take VB 34823 1557 30 the the DT 34823 1557 31 dodo dodo NN 34823 1557 32 - - HYPH 34823 1557 33 bones bone NNS 34823 1557 34 because because IN 34823 1557 35 B b NN 34823 1557 36 will will MD 34823 1557 37 take take VB 34823 1557 38 them -PRON- PRP 34823 1557 39 . . . 34823 1558 1 The the DT 34823 1558 2 same same JJ 34823 1558 3 question question NN 34823 1558 4 arises arise VBZ 34823 1558 5 for for IN 34823 1558 6 B b NN 34823 1558 7 , , , 34823 1558 8 and and CC 34823 1558 9 for for IN 34823 1558 10 the the DT 34823 1558 11 others other NNS 34823 1558 12 . . . 34823 1559 1 The the DT 34823 1559 2 real real JJ 34823 1559 3 question question NN 34823 1559 4 is be VBZ 34823 1559 5 as as IN 34823 1559 6 to to IN 34823 1559 7 the the DT 34823 1559 8 cause cause NN 34823 1559 9 for for IN 34823 1559 10 any any DT 34823 1559 11 general general JJ 34823 1559 12 practice practice NN 34823 1559 13 of of IN 34823 1559 14 the the DT 34823 1559 15 sort sort NN 34823 1559 16 . . . 34823 1560 1 Why why WRB 34823 1560 2 should should MD 34823 1560 3 A a DT 34823 1560 4 _ _ NNP 34823 1560 5 suppose suppose NN 34823 1560 6 _ _ NNP 34823 1560 7 that that IN 34823 1560 8 B B NNP 34823 1560 9 will will MD 34823 1560 10 take take VB 34823 1560 11 them -PRON- PRP 34823 1560 12 ? ? . 34823 1561 1 What what WP 34823 1561 2 could could MD 34823 1561 3 bring bring VB 34823 1561 4 about about RP 34823 1561 5 such such PDT 34823 1561 6 a a DT 34823 1561 7 system system NN 34823 1561 8 of of IN 34823 1561 9 social social JJ 34823 1561 10 relations relation NNS 34823 1561 11 that that WDT 34823 1561 12 a a DT 34823 1561 13 general general JJ 34823 1561 14 expectation expectation NN 34823 1561 15 of of IN 34823 1561 16 this this DT 34823 1561 17 sort sort NN 34823 1561 18 could could MD 34823 1561 19 arise arise VB 34823 1561 20 ? ? . 34823 1562 1 Kemmerer Kemmerer NNP 34823 1562 2 undertakes undertake VBZ 34823 1562 3 to to TO 34823 1562 4 give give VB 34823 1562 5 an an DT 34823 1562 6 answer answer NN 34823 1562 7 in in IN 34823 1562 8 a a DT 34823 1562 9 hypothetical hypothetical JJ 34823 1562 10 case case NN 34823 1562 11 by by IN 34823 1562 12 the the DT 34823 1562 13 following follow VBG 34823 1562 14 ingenious ingenious JJ 34823 1562 15 assumption assumption NN 34823 1562 16 ( ( -LRB- 34823 1562 17 _ _ NNP 34823 1562 18 Money Money NNP 34823 1562 19 and and CC 34823 1562 20 Credit Credit NNP 34823 1562 21 Instruments Instruments NNPS 34823 1562 22 _ _ NNP 34823 1562 23 , , , 34823 1562 24 p. p. NN 34823 1562 25 11 11 CD 34823 1562 26 ) ) -RRB- 34823 1562 27 : : : 34823 1562 28 the the DT 34823 1562 29 money money NN 34823 1562 30 consists consist VBZ 34823 1562 31 of of IN 34823 1562 32 an an DT 34823 1562 33 article article NN 34823 1562 34 which which WDT 34823 1562 35 formerly formerly RB 34823 1562 36 had have VBD 34823 1562 37 a a DT 34823 1562 38 high high JJ 34823 1562 39 commodity commodity NN 34823 1562 40 value value NN 34823 1562 41 , , , 34823 1562 42 which which WDT 34823 1562 43 has have VBZ 34823 1562 44 lately lately RB 34823 1562 45 entirely entirely RB 34823 1562 46 disappeared disappear VBN 34823 1562 47 , , , 34823 1562 48 but but CC 34823 1562 49 the the DT 34823 1562 50 money money NN 34823 1562 51 continues continue VBZ 34823 1562 52 to to TO 34823 1562 53 circulate circulate VB 34823 1562 54 , , , 34823 1562 55 through through IN 34823 1562 56 the the DT 34823 1562 57 influence influence NN 34823 1562 58 of of IN 34823 1562 59 custom custom NN 34823 1562 60 , , , 34823 1562 61 and and CC 34823 1562 62 because because IN 34823 1562 63 of of IN 34823 1562 64 the the DT 34823 1562 65 demand demand NN 34823 1562 66 for for IN 34823 1562 67 a a DT 34823 1562 68 medium medium NN 34823 1562 69 of of IN 34823 1562 70 exchange exchange NN 34823 1562 71 . . . 34823 1563 1 In in IN 34823 1563 2 this this DT 34823 1563 3 illustration illustration NN 34823 1563 4 Kemmerer Kemmerer NNP 34823 1563 5 recognizes recognize VBZ 34823 1563 6 the the DT 34823 1563 7 historical historical JJ 34823 1563 8 fact fact NN 34823 1563 9 that that IN 34823 1563 10 money money NN 34823 1563 11 has have VBZ 34823 1563 12 originated originate VBN 34823 1563 13 from from IN 34823 1563 14 some some DT 34823 1563 15 commodity commodity NN 34823 1563 16 which which WDT 34823 1563 17 had have VBD 34823 1563 18 value value NN 34823 1563 19 because because IN 34823 1563 20 of of IN 34823 1563 21 its -PRON- PRP$ 34823 1563 22 significance significance NN 34823 1563 23 as as IN 34823 1563 24 a a DT 34823 1563 25 commodity commodity NN 34823 1563 26 . . . 34823 1564 1 Historically historically RB 34823 1564 2 , , , 34823 1564 3 a a DT 34823 1564 4 great great JJ 34823 1564 5 many many JJ 34823 1564 6 different different JJ 34823 1564 7 commodities commodity NNS 34823 1564 8 have have VBP 34823 1564 9 served serve VBN 34823 1564 10 , , , 34823 1564 11 and and CC 34823 1564 12 gold gold NN 34823 1564 13 and and CC 34823 1564 14 silver silver NN 34823 1564 15 finally finally RB 34823 1564 16 emerged emerge VBD 34823 1564 17 victors victor NNS 34823 1564 18 for for IN 34823 1564 19 reasons reason NNS 34823 1564 20 which which WDT 34823 1564 21 need need VBP 34823 1564 22 not not RB 34823 1564 23 just just RB 34823 1564 24 now now RB 34823 1564 25 concern concern VB 34823 1564 26 us -PRON- PRP 34823 1564 27 . . . 34823 1565 1 These these DT 34823 1565 2 historical historical JJ 34823 1565 3 facts fact NNS 34823 1565 4 , , , 34823 1565 5 coupled couple VBN 34823 1565 6 with with IN 34823 1565 7 the the DT 34823 1565 8 idea idea NN 34823 1565 9 that that IN 34823 1565 10 value value NN 34823 1565 11 is be VBZ 34823 1565 12 , , , 34823 1565 13 essentially essentially RB 34823 1565 14 , , , 34823 1565 15 " " '' 34823 1565 16 something something NN 34823 1565 17 physical,"[116 physical,"[116 JJ 34823 1565 18 ] ] -RRB- 34823 1565 19 or or CC 34823 1565 20 coupled couple VBN 34823 1565 21 with with IN 34823 1565 22 the the DT 34823 1565 23 notion notion NN 34823 1565 24 that that IN 34823 1565 25 value value NN 34823 1565 26 arises arise VBZ 34823 1565 27 only only RB 34823 1565 28 from from IN 34823 1565 29 marginal marginal JJ 34823 1565 30 utility utility NN 34823 1565 31 , , , 34823 1565 32 or or CC 34823 1565 33 from from IN 34823 1565 34 labor labor NN 34823 1565 35 , , , 34823 1565 36 have have VBP 34823 1565 37 been be VBN 34823 1565 38 accepted accept VBN 34823 1565 39 by by IN 34823 1565 40 the the DT 34823 1565 41 Commodity Commodity NNP 34823 1565 42 or or CC 34823 1565 43 Metallist Metallist NNP 34823 1565 44 School School NNP 34823 1565 45 as as IN 34823 1565 46 sufficient sufficient JJ 34823 1565 47 proof proof NN 34823 1565 48 that that IN 34823 1565 49 standard standard JJ 34823 1565 50 money money NN 34823 1565 51 is be VBZ 34823 1565 52 only only RB 34823 1565 53 possible possible JJ 34823 1565 54 when when WRB 34823 1565 55 made make VBN 34823 1565 56 of of IN 34823 1565 57 some some DT 34823 1565 58 valuable valuable JJ 34823 1565 59 commodity commodity NN 34823 1565 60 . . . 34823 1566 1 Professor Professor NNP 34823 1566 2 Laughlin Laughlin NNP 34823 1566 3 seems seem VBZ 34823 1566 4 to to TO 34823 1566 5 think think VB 34823 1566 6 of of IN 34823 1566 7 the the DT 34823 1566 8 whole whole JJ 34823 1566 9 thing thing NN 34823 1566 10 as as IN 34823 1566 11 depending depend VBG 34823 1566 12 on on IN 34823 1566 13 the the DT 34823 1566 14 value value NN 34823 1566 15 of of IN 34823 1566 16 gold gold JJ 34823 1566 17 bullion bullion NN 34823 1566 18 , , , 34823 1566 19 and and CC 34823 1566 20 to to TO 34823 1566 21 recognize recognize VB 34823 1566 22 the the DT 34823 1566 23 money money NN 34823 1566 24 - - HYPH 34823 1566 25 employment employment NN 34823 1566 26 as as IN 34823 1566 27 a a DT 34823 1566 28 factor factor NN 34823 1566 29 in in IN 34823 1566 30 affecting affect VBG 34823 1566 31 the the DT 34823 1566 32 value value NN 34823 1566 33 of of IN 34823 1566 34 money money NN 34823 1566 35 only only RB 34823 1566 36 in in IN 34823 1566 37 so so RB 34823 1566 38 far far RB 34823 1566 39 as as IN 34823 1566 40 it -PRON- PRP 34823 1566 41 draws draw VBZ 34823 1566 42 gold gold NN 34823 1566 43 away away RB 34823 1566 44 from from IN 34823 1566 45 the the DT 34823 1566 46 arts art NNS 34823 1566 47 , , , 34823 1566 48 and and CC 34823 1566 49 so so RB 34823 1566 50 raises raise VBZ 34823 1566 51 its -PRON- PRP$ 34823 1566 52 value value NN 34823 1566 53 there there RB 34823 1566 54 by by IN 34823 1566 55 lessening lessen VBG 34823 1566 56 the the DT 34823 1566 57 supply supply NN 34823 1566 58 . . . 34823 1567 1 [ [ -LRB- 34823 1567 2 117 117 CD 34823 1567 3 ] ] -RRB- 34823 1567 4 If if IN 34823 1567 5 money money NN 34823 1567 6 originated originate VBD 34823 1567 7 in in IN 34823 1567 8 a a DT 34823 1567 9 commodity commodity NN 34823 1567 10 , , , 34823 1567 11 how how WRB 34823 1567 12 is be VBZ 34823 1567 13 it -PRON- PRP 34823 1567 14 possible possible JJ 34823 1567 15 for for IN 34823 1567 16 the the DT 34823 1567 17 commodity commodity NN 34823 1567 18 value value NN 34823 1567 19 to to TO 34823 1567 20 be be VB 34823 1567 21 withdrawn withdraw VBN 34823 1567 22 , , , 34823 1567 23 and and CC 34823 1567 24 for for IN 34823 1567 25 money money NN 34823 1567 26 still still RB 34823 1567 27 to to TO 34823 1567 28 retain retain VB 34823 1567 29 its -PRON- PRP$ 34823 1567 30 value value NN 34823 1567 31 ? ? . 34823 1568 1 This this DT 34823 1568 2 brings bring VBZ 34823 1568 3 us -PRON- PRP 34823 1568 4 to to IN 34823 1568 5 a a DT 34823 1568 6 question question NN 34823 1568 7 I -PRON- PRP 34823 1568 8 have have VBP 34823 1568 9 raised raise VBN 34823 1568 10 before before RB 34823 1568 11 , , , 34823 1568 12 namely namely RB 34823 1568 13 , , , 34823 1568 14 whether whether IN 34823 1568 15 the the DT 34823 1568 16 genetic genetic JJ 34823 1568 17 , , , 34823 1568 18 or or CC 34823 1568 19 historical historical JJ 34823 1568 20 account account NN 34823 1568 21 of of IN 34823 1568 22 a a DT 34823 1568 23 social social JJ 34823 1568 24 situation situation NN 34823 1568 25 , , , 34823 1568 26 and and CC 34823 1568 27 the the DT 34823 1568 28 cross cross JJ 34823 1568 29 - - NN 34823 1568 30 section section JJ 34823 1568 31 analysis analysis NN 34823 1568 32 of of IN 34823 1568 33 the the DT 34823 1568 34 same same JJ 34823 1568 35 situation situation NN 34823 1568 36 , , , 34823 1568 37 necessarily necessarily RB 34823 1568 38 agree agree VBP 34823 1568 39 . . . 34823 1569 1 [ [ -LRB- 34823 1569 2 118 118 CD 34823 1569 3 ] ] -RRB- 34823 1569 4 Is be VBZ 34823 1569 5 it -PRON- PRP 34823 1569 6 possible possible JJ 34823 1569 7 that that IN 34823 1569 8 when when WRB 34823 1569 9 a a DT 34823 1569 10 commodity commodity NN 34823 1569 11 basis basis NN 34823 1569 12 was be VBD 34823 1569 13 necessary necessary JJ 34823 1569 14 to to TO 34823 1569 15 start start VB 34823 1569 16 the the DT 34823 1569 17 thing thing NN 34823 1569 18 , , , 34823 1569 19 and and CC 34823 1569 20 when when WRB 34823 1569 21 even even RB 34823 1569 22 in in IN 34823 1569 23 the the DT 34823 1569 24 modern modern JJ 34823 1569 25 world world NN 34823 1569 26 gold gold NN 34823 1569 27 bullion bullion NN 34823 1569 28 , , , 34823 1569 29 interconvertible interconvertible JJ 34823 1569 30 with with IN 34823 1569 31 gold gold JJ 34823 1569 32 coin coin NN 34823 1569 33 , , , 34823 1569 34 remains remain VBZ 34823 1569 35 the the DT 34823 1569 36 ultimate ultimate JJ 34823 1569 37 basis basis NN 34823 1569 38 of of IN 34823 1569 39 the the DT 34823 1569 40 money money NN 34823 1569 41 - - HYPH 34823 1569 42 systems system NNS 34823 1569 43 of of IN 34823 1569 44 all all DT 34823 1569 45 great great JJ 34823 1569 46 commercial commercial JJ 34823 1569 47 peoples people NNS 34823 1569 48 , , , 34823 1569 49 that that IN 34823 1569 50 you -PRON- PRP 34823 1569 51 could could MD 34823 1569 52 withdraw withdraw VB 34823 1569 53 the the DT 34823 1569 54 commodity commodity NN 34823 1569 55 support support NN 34823 1569 56 and and CC 34823 1569 57 keep keep VB 34823 1569 58 money money NN 34823 1569 59 unchanged unchanged JJ 34823 1569 60 in in IN 34823 1569 61 value value NN 34823 1569 62 ? ? . 34823 1570 1 Or or CC 34823 1570 2 could could MD 34823 1570 3 you -PRON- PRP 34823 1570 4 even even RB 34823 1570 5 have have VB 34823 1570 6 any any DT 34823 1570 7 value value NN 34823 1570 8 left leave VBN 34823 1570 9 at at RB 34823 1570 10 all all RB 34823 1570 11 ? ? . 34823 1571 1 Now now RB 34823 1571 2 in in IN 34823 1571 3 answer answer NN 34823 1571 4 , , , 34823 1571 5 I -PRON- PRP 34823 1571 6 propose propose VBP 34823 1571 7 to to TO 34823 1571 8 admit admit VB 34823 1571 9 the the DT 34823 1571 10 possibility possibility NN 34823 1571 11 of of IN 34823 1571 12 so so RB 34823 1571 13 doing do VBG 34823 1571 14 . . . 34823 1572 1 The the DT 34823 1572 2 forces force NNS 34823 1572 3 which which WDT 34823 1572 4 a a DT 34823 1572 5 cross cross JJ 34823 1572 6 - - JJ 34823 1572 7 section section JJ 34823 1572 8 analysis analysis NN 34823 1572 9 reveals reveal NNS 34823 1572 10 are be VBP 34823 1572 11 not not RB 34823 1572 12 necessarily necessarily RB 34823 1572 13 identical identical JJ 34823 1572 14 with with IN 34823 1572 15 those those DT 34823 1572 16 which which WDT 34823 1572 17 a a DT 34823 1572 18 theory theory NN 34823 1572 19 of of IN 34823 1572 20 origins origin NNS 34823 1572 21 sets set VBZ 34823 1572 22 forth forth RB 34823 1572 23 . . . 34823 1573 1 Once once IN 34823 1573 2 the the DT 34823 1573 3 thing thing NN 34823 1573 4 is be VBZ 34823 1573 5 set set VBN 34823 1573 6 going go VBG 34823 1573 7 , , , 34823 1573 8 the the DT 34823 1573 9 forces force NNS 34823 1573 10 of of IN 34823 1573 11 inertia inertia NN 34823 1573 12 favor favor VBP 34823 1573 13 it -PRON- PRP 34823 1573 14 . . . 34823 1574 1 A a DT 34823 1574 2 new new JJ 34823 1574 3 theory theory NN 34823 1574 4 , , , 34823 1574 5 fixed fix VBN 34823 1574 6 in in IN 34823 1574 7 the the DT 34823 1574 8 minds mind NNS 34823 1574 9 of of IN 34823 1574 10 the the DT 34823 1574 11 people people NNS 34823 1574 12 , , , 34823 1574 13 say say VBP 34823 1574 14 the the DT 34823 1574 15 quantity quantity NN 34823 1574 16 theory theory NN 34823 1574 17 itself -PRON- PRP 34823 1574 18 , , , 34823 1574 19 might may MD 34823 1574 20 give give VB 34823 1574 21 them -PRON- PRP 34823 1574 22 such such JJ 34823 1574 23 confidence confidence NN 34823 1574 24 in in IN 34823 1574 25 their -PRON- PRP$ 34823 1574 26 money money NN 34823 1574 27 that that IN 34823 1574 28 its -PRON- PRP$ 34823 1574 29 value value NN 34823 1574 30 might may MD 34823 1574 31 be be VB 34823 1574 32 maintained maintain VBN 34823 1574 33 . . . 34823 1575 1 A a DT 34823 1575 2 fiat fiat NN 34823 1575 3 of of IN 34823 1575 4 the the DT 34823 1575 5 government government NN 34823 1575 6 , , , 34823 1575 7 making make VBG 34823 1575 8 the the DT 34823 1575 9 money money NN 34823 1575 10 legal legal JJ 34823 1575 11 tender tender NN 34823 1575 12 , , , 34823 1575 13 supplemented supplement VBN 34823 1575 14 by by IN 34823 1575 15 the the DT 34823 1575 16 loyalty loyalty NN 34823 1575 17 of of IN 34823 1575 18 the the DT 34823 1575 19 people people NNS 34823 1575 20 , , , 34823 1575 21 might may MD 34823 1575 22 keep keep VB 34823 1575 23 up up RP 34823 1575 24 its -PRON- PRP$ 34823 1575 25 value value NN 34823 1575 26 . . . 34823 1576 1 I -PRON- PRP 34823 1576 2 think think VBP 34823 1576 3 there there EX 34823 1576 4 is be VBZ 34823 1576 5 reason reason NN 34823 1576 6 to to TO 34823 1576 7 believe believe VB 34823 1576 8 that that IN 34823 1576 9 this this DT 34823 1576 10 is be VBZ 34823 1576 11 a a DT 34823 1576 12 source source NN 34823 1576 13 of of IN 34823 1576 14 no no DT 34823 1576 15 little little JJ 34823 1576 16 importance importance NN 34823 1576 17 of of IN 34823 1576 18 value value NN 34823 1576 19 for for IN 34823 1576 20 the the DT 34823 1576 21 German german JJ 34823 1576 22 paper paper NN 34823 1576 23 money money NN 34823 1576 24 to to IN 34823 1576 25 - - HYPH 34823 1576 26 day day NN 34823 1576 27 , , , 34823 1576 28 and and CC 34823 1576 29 , , , 34823 1576 30 to to IN 34823 1576 31 a a DT 34823 1576 32 less less JJR 34823 1576 33 extent extent NN 34823 1576 34 , , , 34823 1576 35 of of IN 34823 1576 36 the the DT 34823 1576 37 notes note NNS 34823 1576 38 of of IN 34823 1576 39 the the DT 34823 1576 40 _ _ NNP 34823 1576 41 Banque Banque NNP 34823 1576 42 de de NNP 34823 1576 43 France France NNP 34823 1576 44 _ _ NNP 34823 1576 45 . . . 34823 1577 1 All all PDT 34823 1577 2 these these DT 34823 1577 3 possibilities possibility NNS 34823 1577 4 I -PRON- PRP 34823 1577 5 admit admit VBP 34823 1577 6 . . . 34823 1578 1 Value value NN 34823 1578 2 is be VBZ 34823 1578 3 not not RB 34823 1578 4 physical physical JJ 34823 1578 5 , , , 34823 1578 6 but but CC 34823 1578 7 psychological psychological JJ 34823 1578 8 . . . 34823 1579 1 And and CC 34823 1579 2 the the DT 34823 1579 3 form form NN 34823 1579 4 of of IN 34823 1579 5 value value NN 34823 1579 6 with with IN 34823 1579 7 which which WDT 34823 1579 8 we -PRON- PRP 34823 1579 9 are be VBP 34823 1579 10 here here RB 34823 1579 11 concerned concerned JJ 34823 1579 12 , , , 34823 1579 13 economic economic JJ 34823 1579 14 value value NN 34823 1579 15 _ _ NNP 34823 1579 16 par par NN 34823 1579 17 excellence excellence NN 34823 1579 18 _ _ NNP 34823 1579 19 , , , 34823 1579 20 is be VBZ 34823 1579 21 a a DT 34823 1579 22 phenomenon phenomenon NN 34823 1579 23 of of IN 34823 1579 24 social social JJ 34823 1579 25 , , , 34823 1579 26 rather rather RB 34823 1579 27 than than IN 34823 1579 28 individual individual JJ 34823 1579 29 psychology psychology NN 34823 1579 30 . . . 34823 1580 1 Many many JJ 34823 1580 2 and and CC 34823 1580 3 complex complex JJ 34823 1580 4 are be VBP 34823 1580 5 the the DT 34823 1580 6 psychical psychical JJ 34823 1580 7 factors factor NNS 34823 1580 8 lying lie VBG 34823 1580 9 behind behind IN 34823 1580 10 it -PRON- PRP 34823 1580 11 . . . 34823 1581 1 Belief belief NN 34823 1581 2 , , , 34823 1581 3 custom custom NN 34823 1581 4 , , , 34823 1581 5 law law NN 34823 1581 6 , , , 34823 1581 7 patriotism patriotism NN 34823 1581 8 , , , 34823 1581 9 particularly particularly RB 34823 1581 10 a a DT 34823 1581 11 network network NN 34823 1581 12 of of IN 34823 1581 13 legal legal JJ 34823 1581 14 relationships relationship NNS 34823 1581 15 growing grow VBG 34823 1581 16 out out IN 34823 1581 17 of of IN 34823 1581 18 contracts contract NNS 34823 1581 19 expressed express VBN 34823 1581 20 in in IN 34823 1581 21 terms term NNS 34823 1581 22 of of IN 34823 1581 23 the the DT 34823 1581 24 money money NN 34823 1581 25 in in IN 34823 1581 26 question question NN 34823 1581 27 , , , 34823 1581 28 the the DT 34823 1581 29 policy policy NN 34823 1581 30 of of IN 34823 1581 31 the the DT 34823 1581 32 state state NN 34823 1581 33 as as IN 34823 1581 34 to to IN 34823 1581 35 receiving receive VBG 34823 1581 36 the the DT 34823 1581 37 money money NN 34823 1581 38 for for IN 34823 1581 39 public public JJ 34823 1581 40 dues due NNS 34823 1581 41 , , , 34823 1581 42 the the DT 34823 1581 43 influence influence NN 34823 1581 44 of of IN 34823 1581 45 a a DT 34823 1581 46 set set NN 34823 1581 47 of of IN 34823 1581 48 customary customary NN 34823 1581 49 or or CC 34823 1581 50 legally legally RB 34823 1581 51 prescribed prescribe VBN 34823 1581 52 prices price NNS 34823 1581 53 , , , 34823 1581 54 which which WDT 34823 1581 55 tie tie VBP 34823 1581 56 the the DT 34823 1581 57 value value NN 34823 1581 58 of of IN 34823 1581 59 money money NN 34823 1581 60 to to IN 34823 1581 61 a a DT 34823 1581 62 certain certain JJ 34823 1581 63 extent extent NN 34823 1581 64 to to IN 34823 1581 65 the the DT 34823 1581 66 values value NNS 34823 1581 67 of of IN 34823 1581 68 goods good NNS 34823 1581 69 -- -- : 34823 1581 70 factors factor NNS 34823 1581 71 of of IN 34823 1581 72 this this DT 34823 1581 73 character character NN 34823 1581 74 can can MD 34823 1581 75 add add VB 34823 1581 76 to to IN 34823 1581 77 the the DT 34823 1581 78 value value NN 34823 1581 79 of of IN 34823 1581 80 money money NN 34823 1581 81 , , , 34823 1581 82 and and CC 34823 1581 83 can can MD 34823 1581 84 , , , 34823 1581 85 conceivably conceivably RB 34823 1581 86 , , , 34823 1581 87 even even RB 34823 1581 88 sustain sustain VB 34823 1581 89 it -PRON- PRP 34823 1581 90 when when WRB 34823 1581 91 the the DT 34823 1581 92 original original JJ 34823 1581 93 source source NN 34823 1581 94 of of IN 34823 1581 95 value value NN 34823 1581 96 is be VBZ 34823 1581 97 gone go VBN 34823 1581 98 . . . 34823 1582 1 Social social JJ 34823 1582 2 economic economic JJ 34823 1582 3 value value NN 34823 1582 4 does do VBZ 34823 1582 5 not not RB 34823 1582 6 rest rest VB 34823 1582 7 on on IN 34823 1582 8 marginal marginal JJ 34823 1582 9 utility utility NN 34823 1582 10 . . . 34823 1583 1 In in IN 34823 1583 2 general general JJ 34823 1583 3 , , , 34823 1583 4 utility utility NN 34823 1583 5 is be VBZ 34823 1583 6 essential essential JJ 34823 1583 7 , , , 34823 1583 8 as as IN 34823 1583 9 one one CD 34823 1583 10 of of IN 34823 1583 11 many many JJ 34823 1583 12 conditions condition NNS 34823 1583 13 , , , 34823 1583 14 before before IN 34823 1583 15 value value NN 34823 1583 16 can can MD 34823 1583 17 exist exist VB 34823 1583 18 , , , 34823 1583 19 even even RB 34823 1583 20 though though IN 34823 1583 21 the the DT 34823 1583 22 intensity intensity NN 34823 1583 23 of of IN 34823 1583 24 the the DT 34823 1583 25 marginal marginal JJ 34823 1583 26 want want NN 34823 1583 27 served serve VBN 34823 1583 28 by by IN 34823 1583 29 a a DT 34823 1583 30 good good JJ 34823 1583 31 bears bear NNS 34823 1583 32 no no DT 34823 1583 33 definite definite JJ 34823 1583 34 relation relation NN 34823 1583 35 to to IN 34823 1583 36 its -PRON- PRP$ 34823 1583 37 value value NN 34823 1583 38 . . . 34823 1584 1 But but CC 34823 1584 2 in in IN 34823 1584 3 the the DT 34823 1584 4 case case NN 34823 1584 5 of of IN 34823 1584 6 the the DT 34823 1584 7 value value NN 34823 1584 8 of of IN 34823 1584 9 a a DT 34823 1584 10 money money NN 34823 1584 11 of of IN 34823 1584 12 the the DT 34823 1584 13 sort sort NN 34823 1584 14 here here RB 34823 1584 15 considered consider VBN 34823 1584 16 , , , 34823 1584 17 marginal marginal JJ 34823 1584 18 utility utility NN 34823 1584 19 is be VBZ 34823 1584 20 in in IN 34823 1584 21 no no DT 34823 1584 22 sense sense NN 34823 1584 23 a a DT 34823 1584 24 cause cause NN 34823 1584 25 of of IN 34823 1584 26 the the DT 34823 1584 27 value value NN 34823 1584 28 . . . 34823 1585 1 Rather rather RB 34823 1585 2 , , , 34823 1585 3 the the DT 34823 1585 4 marginal marginal JJ 34823 1585 5 utility[119 utility[119 JJ 34823 1585 6 ] ] -RRB- 34823 1585 7 of of IN 34823 1585 8 such such JJ 34823 1585 9 money money NN 34823 1585 10 to to IN 34823 1585 11 an an DT 34823 1585 12 individual individual NN 34823 1585 13 is be VBZ 34823 1585 14 wholly wholly RB 34823 1585 15 a a DT 34823 1585 16 reflection reflection NN 34823 1585 17 of of IN 34823 1585 18 its -PRON- PRP$ 34823 1585 19 social social JJ 34823 1585 20 value value NN 34823 1585 21 , , , 34823 1585 22 and and CC 34823 1585 23 changes change VBZ 34823 1585 24 when when WRB 34823 1585 25 that that DT 34823 1585 26 social social JJ 34823 1585 27 value value NN 34823 1585 28 changes change NNS 34823 1585 29 . . . 34823 1586 1 It -PRON- PRP 34823 1586 2 is be VBZ 34823 1586 3 quite quite RB 34823 1586 4 consistent consistent JJ 34823 1586 5 with with IN 34823 1586 6 the the DT 34823 1586 7 general general JJ 34823 1586 8 theory theory NN 34823 1586 9 of of IN 34823 1586 10 economic economic JJ 34823 1586 11 value value NN 34823 1586 12 which which WDT 34823 1586 13 I -PRON- PRP 34823 1586 14 have have VBP 34823 1586 15 set set VBN 34823 1586 16 forth forth RP 34823 1586 17 in in IN 34823 1586 18 _ _ NNP 34823 1586 19 Social Social NNP 34823 1586 20 Value Value NNP 34823 1586 21 _ _ NNP 34823 1586 22 , , , 34823 1586 23 for for IN 34823 1586 24 me -PRON- PRP 34823 1586 25 to to TO 34823 1586 26 admit admit VB 34823 1586 27 possibilities possibility NNS 34823 1586 28 of of IN 34823 1586 29 this this DT 34823 1586 30 kind kind NN 34823 1586 31 . . . 34823 1587 1 The the DT 34823 1587 2 value value NN 34823 1587 3 of of IN 34823 1587 4 money money NN 34823 1587 5 in in IN 34823 1587 6 such such PDT 34823 1587 7 a a DT 34823 1587 8 case case NN 34823 1587 9 has have VBZ 34823 1587 10 become become VBN 34823 1587 11 divorced divorce VBN 34823 1587 12 from from IN 34823 1587 13 its -PRON- PRP$ 34823 1587 14 original original JJ 34823 1587 15 presuppositions presupposition NNS 34823 1587 16 . . . 34823 1588 1 The the DT 34823 1588 2 paper paper NN 34823 1588 3 , , , 34823 1588 4 originally originally RB 34823 1588 5 resting rest VBG 34823 1588 6 on on IN 34823 1588 7 a a DT 34823 1588 8 commodity commodity NN 34823 1588 9 basis basis NN 34823 1588 10 , , , 34823 1588 11 or or CC 34823 1588 12 the the DT 34823 1588 13 coins coin NNS 34823 1588 14 originally originally RB 34823 1588 15 valued value VBN 34823 1588 16 because because IN 34823 1588 17 they -PRON- PRP 34823 1588 18 could could MD 34823 1588 19 be be VB 34823 1588 20 transformed transform VBN 34823 1588 21 into into IN 34823 1588 22 non non JJ 34823 1588 23 - - JJ 34823 1588 24 monetary monetary JJ 34823 1588 25 objects object NNS 34823 1588 26 of of IN 34823 1588 27 value value NN 34823 1588 28 , , , 34823 1588 29 have have VBP 34823 1588 30 become become VBN 34823 1588 31 objects object NNS 34823 1588 32 of of IN 34823 1588 33 value value NN 34823 1588 34 in in IN 34823 1588 35 themselves -PRON- PRP 34823 1588 36 . . . 34823 1589 1 Analogous analogous JJ 34823 1589 2 phenomena phenomenon NNS 34823 1589 3 are be VBP 34823 1589 4 common common JJ 34823 1589 5 enough enough RB 34823 1589 6 in in IN 34823 1589 7 the the DT 34823 1589 8 general general JJ 34823 1589 9 field field NN 34823 1589 10 of of IN 34823 1589 11 values value NNS 34823 1589 12 , , , 34823 1589 13 and and CC 34823 1589 14 are be VBP 34823 1589 15 less less RBR 34823 1589 16 common common JJ 34823 1589 17 in in IN 34823 1589 18 the the DT 34823 1589 19 field field NN 34823 1589 20 of of IN 34823 1589 21 economic economic JJ 34823 1589 22 values value NNS 34823 1589 23 proper proper JJ 34823 1589 24 than than IN 34823 1589 25 one one PRP 34823 1589 26 might may MD 34823 1589 27 suppose suppose VB 34823 1589 28 . . . 34823 1590 1 Thus thus RB 34823 1590 2 , , , 34823 1590 3 most most JJS 34823 1590 4 moral moral JJ 34823 1590 5 values value NNS 34823 1590 6 tend tend VBP 34823 1590 7 to to TO 34823 1590 8 become become VB 34823 1590 9 independent independent JJ 34823 1590 10 of of IN 34823 1590 11 their -PRON- PRP$ 34823 1590 12 presuppositions presupposition NNS 34823 1590 13 . . . 34823 1591 1 Moral moral JJ 34823 1591 2 values value NNS 34823 1591 3 of of IN 34823 1591 4 modes mode NNS 34823 1591 5 of of IN 34823 1591 6 conduct conduct NN 34823 1591 7 have have VBP 34823 1591 8 commonly commonly RB 34823 1591 9 arisen arise VBN 34823 1591 10 because because IN 34823 1591 11 those those DT 34823 1591 12 modes mode NNS 34823 1591 13 of of IN 34823 1591 14 conduct conduct NN 34823 1591 15 were be VBD 34823 1591 16 , , , 34823 1591 17 or or CC 34823 1591 18 were be VBD 34823 1591 19 supposed suppose VBN 34823 1591 20 to to TO 34823 1591 21 be be VB 34823 1591 22 , , , 34823 1591 23 advantageous advantageous JJ 34823 1591 24 in in IN 34823 1591 25 furthering further VBG 34823 1591 26 other other JJ 34823 1591 27 ends end NNS 34823 1591 28 . . . 34823 1592 1 Morality Morality NNP 34823 1592 2 , , , 34823 1592 3 in in IN 34823 1592 4 its -PRON- PRP$ 34823 1592 5 essence essence NN 34823 1592 6 , , , 34823 1592 7 is be VBZ 34823 1592 8 _ _ NNP 34823 1592 9 teleogical teleogical JJ 34823 1592 10 _ _ NNP 34823 1592 11 . . . 34823 1593 1 Yet yet RB 34823 1593 2 so so RB 34823 1593 3 far far RB 34823 1593 4 have have VBP 34823 1593 5 the the DT 34823 1593 6 moral moral JJ 34823 1593 7 ideals ideal NNS 34823 1593 8 become become VBP 34823 1593 9 ends end NNS 34823 1593 10 in in IN 34823 1593 11 themselves -PRON- PRP 34823 1593 12 that that IN 34823 1593 13 it -PRON- PRP 34823 1593 14 is be VBZ 34823 1593 15 possible possible JJ 34823 1593 16 to to TO 34823 1593 17 have have VB 34823 1593 18 great great JJ 34823 1593 19 thinkers thinker NNS 34823 1593 20 , , , 34823 1593 21 like like IN 34823 1593 22 Kant Kant NNP 34823 1593 23 and and CC 34823 1593 24 Fichte Fichte NNP 34823 1593 25 , , , 34823 1593 26 setting set VBG 34823 1593 27 them -PRON- PRP 34823 1593 28 up up RP 34823 1593 29 as as RB 34823 1593 30 eternal eternal JJ 34823 1593 31 and and CC 34823 1593 32 unchangeable unchangeable JJ 34823 1593 33 categorical categorical JJ 34823 1593 34 imperatives imperative NNS 34823 1593 35 , , , 34823 1593 36 regardless regardless RB 34823 1593 37 of of IN 34823 1593 38 consequences consequence NNS 34823 1593 39 . . . 34823 1594 1 Thus thus RB 34823 1594 2 Fichte Fichte NNP 34823 1594 3 declares declare VBZ 34823 1594 4 , , , 34823 1594 5 " " `` 34823 1594 6 I -PRON- PRP 34823 1594 7 would would MD 34823 1594 8 not not RB 34823 1594 9 tell tell VB 34823 1594 10 a a DT 34823 1594 11 lie lie NN 34823 1594 12 to to TO 34823 1594 13 save save VB 34823 1594 14 the the DT 34823 1594 15 universe universe NN 34823 1594 16 from from IN 34823 1594 17 destruction destruction NN 34823 1594 18 . . . 34823 1594 19 " " '' 34823 1595 1 Older old JJR 34823 1595 2 still still RB 34823 1595 3 is be VBZ 34823 1595 4 the the DT 34823 1595 5 dictum dictum JJ 34823 1595 6 , , , 34823 1595 7 " " '' 34823 1595 8 _ _ NNP 34823 1595 9 Fiat Fiat NNP 34823 1595 10 justitia justitia NNP 34823 1595 11 , , , 34823 1595 12 ruat ruat NNP 34823 1595 13 coelum coelum NN 34823 1595 14 . . . 34823 1595 15 _ _ NNP 34823 1595 16 " " `` 34823 1595 17 Yet yet CC 34823 1595 18 truth truth NN 34823 1595 19 and and CC 34823 1595 20 justice justice NN 34823 1595 21 , , , 34823 1595 22 in in IN 34823 1595 23 the the DT 34823 1595 24 history history NN 34823 1595 25 of of IN 34823 1595 26 morals moral NNS 34823 1595 27 , , , 34823 1595 28 and and CC 34823 1595 29 , , , 34823 1595 30 in in IN 34823 1595 31 the the DT 34823 1595 32 view view NN 34823 1595 33 of of IN 34823 1595 34 most most JJS 34823 1595 35 moral moral JJ 34823 1595 36 thinkers thinker NNS 34823 1595 37 to to IN 34823 1595 38 - - HYPH 34823 1595 39 day day NN 34823 1595 40 , , , 34823 1595 41 are be VBP 34823 1595 42 of of IN 34823 1595 43 value value NN 34823 1595 44 primarily primarily RB 34823 1595 45 because because IN 34823 1595 46 they -PRON- PRP 34823 1595 47 tend tend VBP 34823 1595 48 to to TO 34823 1595 49 preserve preserve VB 34823 1595 50 the the DT 34823 1595 51 universe universe NN 34823 1595 52 from from IN 34823 1595 53 destruction destruction NN 34823 1595 54 , , , 34823 1595 55 and and CC 34823 1595 56 would would MD 34823 1595 57 never never RB 34823 1595 58 have have VB 34823 1595 59 become become VBN 34823 1595 60 morally morally RB 34823 1595 61 valuable valuable JJ 34823 1595 62 had have VBD 34823 1595 63 they -PRON- PRP 34823 1595 64 had have VBN 34823 1595 65 the the DT 34823 1595 66 other other JJ 34823 1595 67 tendency tendency NN 34823 1595 68 ! ! . 34823 1596 1 Legal legal JJ 34823 1596 2 values value NNS 34823 1596 3 manifest manifest VBP 34823 1596 4 this this DT 34823 1596 5 tendency tendency NN 34823 1596 6 even even RB 34823 1596 7 more more RBR 34823 1596 8 -- -- : 34823 1596 9 one one NN 34823 1596 10 needs need VBZ 34823 1596 11 only only RB 34823 1596 12 to to TO 34823 1596 13 point point VB 34823 1596 14 to to IN 34823 1596 15 our -PRON- PRP$ 34823 1596 16 vast vast JJ 34823 1596 17 body body NN 34823 1596 18 of of IN 34823 1596 19 technical technical JJ 34823 1596 20 rules rule NNS 34823 1596 21 of of IN 34823 1596 22 procedure procedure NN 34823 1596 23 in in IN 34823 1596 24 criminal criminal JJ 34823 1596 25 cases case NNS 34823 1596 26 , , , 34823 1596 27 which which WDT 34823 1596 28 persist persist VBP 34823 1596 29 long long RB 34823 1596 30 after after IN 34823 1596 31 their -PRON- PRP$ 34823 1596 32 original original JJ 34823 1596 33 function function NN 34823 1596 34 is be VBZ 34823 1596 35 gone go VBN 34823 1596 36 , , , 34823 1596 37 and and CC 34823 1596 38 after after IN 34823 1596 39 they -PRON- PRP 34823 1596 40 have have VBP 34823 1596 41 become become VBN 34823 1596 42 highly highly RB 34823 1596 43 pernicious pernicious JJ 34823 1596 44 from from IN 34823 1596 45 the the DT 34823 1596 46 standpoint standpoint NN 34823 1596 47 of of IN 34823 1596 48 the the DT 34823 1596 49 ends end NNS 34823 1596 50 originally originally RB 34823 1596 51 aimed aim VBN 34823 1596 52 at at IN 34823 1596 53 . . . 34823 1597 1 In in IN 34823 1597 2 the the DT 34823 1597 3 sphere sphere NN 34823 1597 4 of of IN 34823 1597 5 the the DT 34823 1597 6 individual individual JJ 34823 1597 7 psychology psychology NN 34823 1597 8 the the DT 34823 1597 9 phenomenon phenomenon NN 34823 1597 10 is be VBZ 34823 1597 11 very very RB 34823 1597 12 common common JJ 34823 1597 13 . . . 34823 1598 1 The the DT 34823 1598 2 miser miser NN 34823 1598 3 's 's POS 34823 1598 4 love love NN 34823 1598 5 for for IN 34823 1598 6 money money NN 34823 1598 7 is be VBZ 34823 1598 8 a a DT 34823 1598 9 classical classical JJ 34823 1598 10 example example NN 34823 1598 11 . . . 34823 1599 1 The the DT 34823 1599 2 housewife housewife NN 34823 1599 3 who who WP 34823 1599 4 so so RB 34823 1599 5 exalts exalt VBZ 34823 1599 6 the the DT 34823 1599 7 cleanliness cleanliness NN 34823 1599 8 of of IN 34823 1599 9 her -PRON- PRP$ 34823 1599 10 home home NN 34823 1599 11 that that WDT 34823 1599 12 the the DT 34823 1599 13 home home NN 34823 1599 14 becomes become VBZ 34823 1599 15 an an DT 34823 1599 16 unhappy unhappy JJ 34823 1599 17 place place NN 34823 1599 18 in in IN 34823 1599 19 which which WDT 34823 1599 20 to to TO 34823 1599 21 live live VB 34823 1599 22 , , , 34823 1599 23 is be VBZ 34823 1599 24 an an DT 34823 1599 25 often often RB 34823 1599 26 - - HYPH 34823 1599 27 described describe VBN 34823 1599 28 type type NN 34823 1599 29 . . . 34823 1600 1 The the DT 34823 1600 2 man man NN 34823 1600 3 who who WP 34823 1600 4 retires retire VBZ 34823 1600 5 from from IN 34823 1600 6 business business NN 34823 1600 7 that that IN 34823 1600 8 he -PRON- PRP 34823 1600 9 may may MD 34823 1600 10 enjoy enjoy VB 34823 1600 11 the the DT 34823 1600 12 gains gain NNS 34823 1600 13 for for IN 34823 1600 14 the the DT 34823 1600 15 sake sake NN 34823 1600 16 of of IN 34823 1600 17 which which WDT 34823 1600 18 he -PRON- PRP 34823 1600 19 entered enter VBD 34823 1600 20 business business NN 34823 1600 21 often often RB 34823 1600 22 finds find VBZ 34823 1600 23 that that IN 34823 1600 24 the the DT 34823 1600 25 business business NN 34823 1600 26 has have VBZ 34823 1600 27 become become VBN 34823 1600 28 a a DT 34823 1600 29 thing thing NN 34823 1600 30 of of IN 34823 1600 31 value value NN 34823 1600 32 in in IN 34823 1600 33 itself -PRON- PRP 34823 1600 34 , , , 34823 1600 35 and and CC 34823 1600 36 longs long NNS 34823 1600 37 to to TO 34823 1600 38 be be VB 34823 1600 39 back back RB 34823 1600 40 in in IN 34823 1600 41 the the DT 34823 1600 42 harness harness NN 34823 1600 43 , , , 34823 1600 44 while while IN 34823 1600 45 many many JJ 34823 1600 46 men man NNS 34823 1600 47 , , , 34823 1600 48 long long RB 34823 1600 49 after after IN 34823 1600 50 economic economic JJ 34823 1600 51 activity activity NN 34823 1600 52 is be VBZ 34823 1600 53 no no DT 34823 1600 54 longer long RBR 34823 1600 55 necessary necessary JJ 34823 1600 56 , , , 34823 1600 57 continue continue VB 34823 1600 58 the the DT 34823 1600 59 struggle struggle NN 34823 1600 60 for for IN 34823 1600 61 its -PRON- PRP$ 34823 1600 62 own own JJ 34823 1600 63 sake sake NN 34823 1600 64 . . . 34823 1601 1 Activities activity NNS 34823 1601 2 arise arise VBP 34823 1601 3 to to TO 34823 1601 4 realize realize VB 34823 1601 5 values value NNS 34823 1601 6 . . . 34823 1602 1 The the DT 34823 1602 2 value value NN 34823 1602 3 of of IN 34823 1602 4 the the DT 34823 1602 5 activity activity NN 34823 1602 6 is be VBZ 34823 1602 7 derived derive VBN 34823 1602 8 from from IN 34823 1602 9 the the DT 34823 1602 10 value value NN 34823 1602 11 aimed aim VBN 34823 1602 12 at at IN 34823 1602 13 . . . 34823 1603 1 But but CC 34823 1603 2 consciousness consciousness NN 34823 1603 3 is be VBZ 34823 1603 4 economical economical JJ 34823 1603 5 , , , 34823 1603 6 and and CC 34823 1603 7 memory memory NN 34823 1603 8 is be VBZ 34823 1603 9 short short JJ 34823 1603 10 . . . 34823 1604 1 The the DT 34823 1604 2 activities activity NNS 34823 1604 3 become become VBP 34823 1604 4 habits habit NNS 34823 1604 5 . . . 34823 1605 1 The the DT 34823 1605 2 habits habit NNS 34823 1605 3 gather gather VBP 34823 1605 4 about about IN 34823 1605 5 themselves -PRON- PRP 34823 1605 6 new new JJ 34823 1605 7 psychological psychological JJ 34823 1605 8 reactions reaction NNS 34823 1605 9 . . . 34823 1606 1 The the DT 34823 1606 2 interruption interruption NN 34823 1606 3 of of IN 34823 1606 4 habitual habitual JJ 34823 1606 5 activities activity NNS 34823 1606 6 is be VBZ 34823 1606 7 distasteful distasteful JJ 34823 1606 8 . . . 34823 1607 1 Life life NN 34823 1607 2 in in IN 34823 1607 3 all all DT 34823 1607 4 its -PRON- PRP$ 34823 1607 5 phases phase NNS 34823 1607 6 tends tend VBZ 34823 1607 7 to to TO 34823 1607 8 go go VB 34823 1607 9 on on IN 34823 1607 10 of of IN 34823 1607 11 its -PRON- PRP$ 34823 1607 12 own own JJ 34823 1607 13 momentum momentum NN 34823 1607 14 . . . 34823 1608 1 The the DT 34823 1608 2 activities activity NNS 34823 1608 3 tend tend VBP 34823 1608 4 to to TO 34823 1608 5 become become VB 34823 1608 6 objects object NNS 34823 1608 7 of of IN 34823 1608 8 value value NN 34823 1608 9 in in IN 34823 1608 10 themselves -PRON- PRP 34823 1608 11 , , , 34823 1608 12 whether whether IN 34823 1608 13 or or CC 34823 1608 14 not not RB 34823 1608 15 their -PRON- PRP$ 34823 1608 16 original original JJ 34823 1608 17 _ _ NNP 34823 1608 18 raison raison NNP 34823 1608 19 d'être d'être NNP 34823 1608 20 _ _ NNP 34823 1608 21 persist persist NN 34823 1608 22 . . . 34823 1609 1 In in IN 34823 1609 2 both both CC 34823 1609 3 the the DT 34823 1609 4 social social JJ 34823 1609 5 and and CC 34823 1609 6 the the DT 34823 1609 7 individual individual JJ 34823 1609 8 sphere sphere NN 34823 1609 9 , , , 34823 1609 10 apart apart RB 34823 1609 11 from from IN 34823 1609 12 blind blind JJ 34823 1609 13 inertia inertia NN 34823 1609 14 and and CC 34823 1609 15 mechanical mechanical JJ 34823 1609 16 habit habit NN 34823 1609 17 , , , 34823 1609 18 active active JJ 34823 1609 19 interests interest NNS 34823 1609 20 tend tend VBP 34823 1609 21 to to TO 34823 1609 22 perpetuate perpetuate VB 34823 1609 23 the the DT 34823 1609 24 old old JJ 34823 1609 25 activities activity NNS 34823 1609 26 , , , 34823 1609 27 whose whose WP$ 34823 1609 28 _ _ NNP 34823 1609 29 raison raison NNP 34823 1609 30 d'être d'être NNP 34823 1609 31 _ _ NNP 34823 1609 32 is be VBZ 34823 1609 33 gone go VBN 34823 1609 34 . . . 34823 1610 1 The the DT 34823 1610 2 judge judge NN 34823 1610 3 who who WP 34823 1610 4 continues continue VBZ 34823 1610 5 to to TO 34823 1610 6 apply apply VB 34823 1610 7 the the DT 34823 1610 8 outgrown outgrown JJ 34823 1610 9 absurdities absurdity NNS 34823 1610 10 of of IN 34823 1610 11 adjective adjective JJ 34823 1610 12 law law NN 34823 1610 13 may may MD 34823 1610 14 do do VB 34823 1610 15 it -PRON- PRP 34823 1610 16 from from IN 34823 1610 17 timidity timidity NN 34823 1610 18 or or CC 34823 1610 19 from from IN 34823 1610 20 being be VBG 34823 1610 21 too too RB 34823 1610 22 lazy lazy JJ 34823 1610 23 to to TO 34823 1610 24 think think VB 34823 1610 25 out out RP 34823 1610 26 the the DT 34823 1610 27 new new JJ 34823 1610 28 problems problem NNS 34823 1610 29 whose whose WP$ 34823 1610 30 solution solution NN 34823 1610 31 must must MD 34823 1610 32 precede precede VB 34823 1610 33 readjustment readjustment NN 34823 1610 34 to to TO 34823 1610 35 present present VB 34823 1610 36 social social JJ 34823 1610 37 needs need NNS 34823 1610 38 , , , 34823 1610 39 but but CC 34823 1610 40 the the DT 34823 1610 41 criminal criminal JJ 34823 1610 42 lawyer lawyer NN 34823 1610 43 who who WP 34823 1610 44 can can MD 34823 1610 45 free free VB 34823 1610 46 his -PRON- PRP$ 34823 1610 47 guilty guilty JJ 34823 1610 48 client client NN 34823 1610 49 by by IN 34823 1610 50 means mean NNS 34823 1610 51 of of IN 34823 1610 52 these these DT 34823 1610 53 technicalities technicality NNS 34823 1610 54 has have VBZ 34823 1610 55 an an DT 34823 1610 56 active active JJ 34823 1610 57 interest interest NN 34823 1610 58 in in IN 34823 1610 59 their -PRON- PRP$ 34823 1610 60 perpetuation perpetuation NN 34823 1610 61 . . . 34823 1611 1 The the DT 34823 1611 2 individual individual NN 34823 1611 3 who who WP 34823 1611 4 would would MD 34823 1611 5 readjust readjust VB 34823 1611 6 his -PRON- PRP$ 34823 1611 7 conduct conduct NN 34823 1611 8 in in IN 34823 1611 9 the the DT 34823 1611 10 light light NN 34823 1611 11 of of IN 34823 1611 12 changed changed JJ 34823 1611 13 interests interest NNS 34823 1611 14 finds find VBZ 34823 1611 15 that that IN 34823 1611 16 active active JJ 34823 1611 17 opposition opposition NN 34823 1611 18 is be VBZ 34823 1611 19 met meet VBN 34823 1611 20 in in IN 34823 1611 21 the the DT 34823 1611 22 emotional emotional JJ 34823 1611 23 accompaniment accompaniment NN 34823 1611 24 of of IN 34823 1611 25 the the DT 34823 1611 26 old old JJ 34823 1611 27 habits habit NNS 34823 1611 28 . . . 34823 1612 1 The the DT 34823 1612 2 economic economic JJ 34823 1612 3 society society NN 34823 1612 4 may may MD 34823 1612 5 wish wish VB 34823 1612 6 to to TO 34823 1612 7 be be VB 34823 1612 8 free free JJ 34823 1612 9 from from IN 34823 1612 10 a a DT 34823 1612 11 money money NN 34823 1612 12 whose whose WP$ 34823 1612 13 original original JJ 34823 1612 14 value value NN 34823 1612 15 is be VBZ 34823 1612 16 gone go VBN 34823 1612 17 , , , 34823 1612 18 but but CC 34823 1612 19 there there EX 34823 1612 20 is be VBZ 34823 1612 21 a a DT 34823 1612 22 powerful powerful JJ 34823 1612 23 debtor debtor NN 34823 1612 24 interest interest NN 34823 1612 25 which which WDT 34823 1612 26 approves approve VBZ 34823 1612 27 of of IN 34823 1612 28 that that DT 34823 1612 29 money money NN 34823 1612 30 , , , 34823 1612 31 and and CC 34823 1612 32 whose whose WP$ 34823 1612 33 support support NN 34823 1612 34 tends tend VBZ 34823 1612 35 to to TO 34823 1612 36 maintain maintain VB 34823 1612 37 its -PRON- PRP$ 34823 1612 38 value value NN 34823 1612 39 . . . 34823 1613 1 All all PDT 34823 1613 2 these these DT 34823 1613 3 possibilities possibility NNS 34823 1613 4 I -PRON- PRP 34823 1613 5 admit admit VBP 34823 1613 6 . . . 34823 1614 1 My -PRON- PRP$ 34823 1614 2 own own JJ 34823 1614 3 theory theory NN 34823 1614 4 of of IN 34823 1614 5 value value NN 34823 1614 6 , , , 34823 1614 7 which which WDT 34823 1614 8 finds find VBZ 34823 1614 9 the the DT 34823 1614 10 roots root NNS 34823 1614 11 of of IN 34823 1614 12 economic economic JJ 34823 1614 13 value value NN 34823 1614 14 ramifying ramify VBG 34823 1614 15 through through IN 34823 1614 16 the the DT 34823 1614 17 total total JJ 34823 1614 18 social social JJ 34823 1614 19 psychological psychological JJ 34823 1614 20 situation situation NN 34823 1614 21 , , , 34823 1614 22 rather rather RB 34823 1614 23 than than IN 34823 1614 24 in in IN 34823 1614 25 utility utility NN 34823 1614 26 or or CC 34823 1614 27 labor labor NN 34823 1614 28 - - HYPH 34823 1614 29 pain pain NN 34823 1614 30 alone alone RB 34823 1614 31 , , , 34823 1614 32 involves involve VBZ 34823 1614 33 possibilities possibility NNS 34823 1614 34 like like IN 34823 1614 35 these these DT 34823 1614 36 . . . 34823 1615 1 But but CC 34823 1615 2 -- -- : 34823 1615 3 and and CC 34823 1615 4 this this DT 34823 1615 5 is be VBZ 34823 1615 6 a a DT 34823 1615 7 point point NN 34823 1615 8 I -PRON- PRP 34823 1615 9 wish wish VBP 34823 1615 10 especially especially RB 34823 1615 11 to to TO 34823 1615 12 stress stress VB 34823 1615 13 -- -- : 34823 1615 14 we -PRON- PRP 34823 1615 15 are be VBP 34823 1615 16 out out IN 34823 1615 17 of of IN 34823 1615 18 the the DT 34823 1615 19 field field NN 34823 1615 20 of of IN 34823 1615 21 mechanics mechanic NNS 34823 1615 22 , , , 34823 1615 23 and and CC 34823 1615 24 in in IN 34823 1615 25 the the DT 34823 1615 26 field field NN 34823 1615 27 of of IN 34823 1615 28 social social JJ 34823 1615 29 psychology psychology NN 34823 1615 30 , , , 34823 1615 31 when when WRB 34823 1615 32 we -PRON- PRP 34823 1615 33 undertake undertake VBP 34823 1615 34 to to TO 34823 1615 35 explain explain VB 34823 1615 36 the the DT 34823 1615 37 value value NN 34823 1615 38 of of IN 34823 1615 39 money money NN 34823 1615 40 that that DT 34823 1615 41 way way NN 34823 1615 42 . . . 34823 1616 1 No no RB 34823 1616 2 longer long RBR 34823 1616 3 is be VBZ 34823 1616 4 there there EX 34823 1616 5 any any DT 34823 1616 6 mathematical mathematical JJ 34823 1616 7 necessity necessity NN 34823 1616 8 about about IN 34823 1616 9 the the DT 34823 1616 10 matter matter NN 34823 1616 11 . . . 34823 1617 1 There there EX 34823 1617 2 is be VBZ 34823 1617 3 no no DT 34823 1617 4 such such JJ 34823 1617 5 _ _ NNP 34823 1617 6 a a DT 34823 1617 7 priori priori FW 34823 1617 8 _ _ NNP 34823 1617 9 simplicity simplicity NN 34823 1617 10 as as IN 34823 1617 11 the the DT 34823 1617 12 quantity quantity NN 34823 1617 13 theory theory NN 34823 1617 14 deals deal VBZ 34823 1617 15 with with IN 34823 1617 16 . . . 34823 1618 1 Factors factor NNS 34823 1618 2 like like IN 34823 1618 3 these these DT 34823 1618 4 might may MD 34823 1618 5 maintain maintain VB 34823 1618 6 the the DT 34823 1618 7 value value NN 34823 1618 8 of of IN 34823 1618 9 money money NN 34823 1618 10 for for IN 34823 1618 11 a a DT 34823 1618 12 time time NN 34823 1618 13 , , , 34823 1618 14 and and CC 34823 1618 15 then then RB 34823 1618 16 wane wane NN 34823 1618 17 . . . 34823 1619 1 These these DT 34823 1619 2 factors factor NNS 34823 1619 3 might may MD 34823 1619 4 vary vary VB 34823 1619 5 in in IN 34823 1619 6 intensity intensity NN 34823 1619 7 from from IN 34823 1619 8 day day NN 34823 1619 9 to to IN 34823 1619 10 day day NN 34823 1619 11 , , , 34823 1619 12 with with IN 34823 1619 13 changing change VBG 34823 1619 14 political political JJ 34823 1619 15 or or CC 34823 1619 16 other other JJ 34823 1619 17 events event NNS 34823 1619 18 , , , 34823 1619 19 leading lead VBG 34823 1619 20 the the DT 34823 1619 21 value value NN 34823 1619 22 of of IN 34823 1619 23 money money NN 34823 1619 24 to to TO 34823 1619 25 change change VB 34823 1619 26 from from IN 34823 1619 27 day day NN 34823 1619 28 to to IN 34823 1619 29 day day NN 34823 1619 30 , , , 34823 1619 31 quite quite RB 34823 1619 32 irrespective irrespective RB 34823 1619 33 of of IN 34823 1619 34 changes change NNS 34823 1619 35 in in IN 34823 1619 36 its -PRON- PRP$ 34823 1619 37 quantity quantity NN 34823 1619 38 . . . 34823 1620 1 [ [ -LRB- 34823 1620 2 120 120 CD 34823 1620 3 ] ] -RRB- 34823 1620 4 In in IN 34823 1620 5 so so RB 34823 1620 6 far far RB 34823 1620 7 as as IN 34823 1620 8 you -PRON- PRP 34823 1620 9 have have VBP 34823 1620 10 a a DT 34823 1620 11 people people NNS 34823 1620 12 ignorant ignorant JJ 34823 1620 13 of of IN 34823 1620 14 the the DT 34823 1620 15 nature nature NN 34823 1620 16 of of IN 34823 1620 17 money money NN 34823 1620 18 and and CC 34823 1620 19 of of IN 34823 1620 20 monetary monetary JJ 34823 1620 21 problems problem NNS 34823 1620 22 , , , 34823 1620 23 a a DT 34823 1620 24 people people NNS 34823 1620 25 in in IN 34823 1620 26 the the DT 34823 1620 27 bonds bond NNS 34823 1620 28 of of IN 34823 1620 29 custom custom NN 34823 1620 30 , , , 34823 1620 31 with with IN 34823 1620 32 slightly slightly RB 34823 1620 33 developed develop VBN 34823 1620 34 commercial commercial JJ 34823 1620 35 life life NN 34823 1620 36 , , , 34823 1620 37 whose whose WP$ 34823 1620 38 economic economic JJ 34823 1620 39 activities activity NNS 34823 1620 40 run run VBP 34823 1620 41 in in IN 34823 1620 42 familiar familiar JJ 34823 1620 43 grooves groove NNS 34823 1620 44 unreflectively unreflectively RB 34823 1620 45 , , , 34823 1620 46 you -PRON- PRP 34823 1620 47 will will MD 34823 1620 48 most most RBS 34823 1620 49 nearly nearly RB 34823 1620 50 approximate approximate VB 34823 1620 51 a a DT 34823 1620 52 situation situation NN 34823 1620 53 like like IN 34823 1620 54 that that DT 34823 1620 55 which which WDT 34823 1620 56 Professor Professor NNP 34823 1620 57 Kemmerer Kemmerer NNP 34823 1620 58 assumes assume VBZ 34823 1620 59 . . . 34823 1621 1 But but CC 34823 1621 2 that that DT 34823 1621 3 means mean VBZ 34823 1621 4 that that IN 34823 1621 5 what what WP 34823 1621 6 might may MD 34823 1621 7 be be VB 34823 1621 8 true true JJ 34823 1621 9 in in IN 34823 1621 10 India India NNP 34823 1621 11 , , , 34823 1621 12 or or CC 34823 1621 13 to to IN 34823 1621 14 a a DT 34823 1621 15 less less JJR 34823 1621 16 degree degree NN 34823 1621 17 in in IN 34823 1621 18 Austria Austria NNP 34823 1621 19 -- -- : 34823 1621 20 countries country NNS 34823 1621 21 to to TO 34823 1621 22 which which WDT 34823 1621 23 the the DT 34823 1621 24 quantity quantity NN 34823 1621 25 theorists theorist NNS 34823 1621 26 are be VBP 34823 1621 27 accustomed accustomed JJ 34823 1621 28 to to TO 34823 1621 29 refer refer VB 34823 1621 30 -- -- : 34823 1621 31 need need VBP 34823 1621 32 not not RB 34823 1621 33 at at RB 34823 1621 34 all all RB 34823 1621 35 be be VB 34823 1621 36 true true JJ 34823 1621 37 in in IN 34823 1621 38 the the DT 34823 1621 39 United United NNP 34823 1621 40 States States NNP 34823 1621 41 . . . 34823 1622 1 Here here RB 34823 1622 2 everybody everybody NN 34823 1622 3 was be VBD 34823 1622 4 talking talk VBG 34823 1622 5 about about IN 34823 1622 6 the the DT 34823 1622 7 theory theory NN 34823 1622 8 of of IN 34823 1622 9 money money NN 34823 1622 10 in in IN 34823 1622 11 1896 1896 CD 34823 1622 12 - - , 34823 1622 13 -not -not , 34823 1622 14 necessarily necessarily RB 34823 1622 15 very very RB 34823 1622 16 intelligently!--and intelligently!--and NNP 34823 1622 17 here here RB 34823 1622 18 , , , 34823 1622 19 moreover moreover RB 34823 1622 20 , , , 34823 1622 21 such such JJ 34823 1622 22 phrases phrase NNS 34823 1622 23 as as IN 34823 1622 24 " " `` 34823 1622 25 good good JJ 34823 1622 26 as as IN 34823 1622 27 gold gold NN 34823 1622 28 , , , 34823 1622 29 " " '' 34823 1622 30 and and CC 34823 1622 31 propositions proposition NNS 34823 1622 32 like like IN 34823 1622 33 that that DT 34823 1622 34 which which WDT 34823 1622 35 came come VBD 34823 1622 36 from from IN 34823 1622 37 Mr. Mr. NNP 34823 1622 38 J. J. NNP 34823 1622 39 P. P. NNP 34823 1622 40 Morgan Morgan NNP 34823 1622 41 in in IN 34823 1622 42 his -PRON- PRP$ 34823 1622 43 testimony testimony NN 34823 1622 44 before before IN 34823 1622 45 the the DT 34823 1622 46 Pujo Pujo NNP 34823 1622 47 Committee Committee NNP 34823 1622 48 that that IN 34823 1622 49 " " `` 34823 1622 50 gold gold NN 34823 1622 51 is be VBZ 34823 1622 52 money money NN 34823 1622 53 , , , 34823 1622 54 and and CC 34823 1622 55 nothing nothing NN 34823 1622 56 else else RB 34823 1622 57 , , , 34823 1622 58 " " `` 34823 1622 59 would would MD 34823 1622 60 seem seem VB 34823 1622 61 to to TO 34823 1622 62 indicate indicate VB 34823 1622 63 that that IN 34823 1622 64 a a DT 34823 1622 65 very very RB 34823 1622 66 great great JJ 34823 1622 67 part part NN 34823 1622 68 of of IN 34823 1622 69 our -PRON- PRP$ 34823 1622 70 people people NNS 34823 1622 71 might may MD 34823 1622 72 utterly utterly RB 34823 1622 73 distrust distrust VB 34823 1622 74 such such PDT 34823 1622 75 a a DT 34823 1622 76 money money NN 34823 1622 77 as as IN 34823 1622 78 Professor Professor NNP 34823 1622 79 Kemmerer Kemmerer NNP 34823 1622 80 describes describe VBZ 34823 1622 81 . . . 34823 1623 1 The the DT 34823 1623 2 banker banker NN 34823 1623 3 's 's POS 34823 1623 4 tendency tendency NN 34823 1623 5 to to TO 34823 1623 6 look look VB 34823 1623 7 behind behind RB 34823 1623 8 for for IN 34823 1623 9 the the DT 34823 1623 10 security security NN 34823 1623 11 , , , 34823 1623 12 to to TO 34823 1623 13 test test VB 34823 1623 14 things thing NNS 34823 1623 15 out out RP 34823 1623 16 , , , 34823 1623 17 to to TO 34823 1623 18 seek seek VB 34823 1623 19 to to TO 34823 1623 20 get get VB 34823 1623 21 to to IN 34823 1623 22 bed bed NN 34823 1623 23 - - HYPH 34823 1623 24 rock rock NN 34823 1623 25 in in IN 34823 1623 26 business business NN 34823 1623 27 affairs affair NNS 34823 1623 28 , , , 34823 1623 29 holds hold VBZ 34823 1623 30 with with IN 34823 1623 31 a a DT 34823 1623 32 great great JJ 34823 1623 33 many many JJ 34823 1623 34 people people NNS 34823 1623 35 . . . 34823 1624 1 An an DT 34823 1624 2 overemphasis overemphasis NN 34823 1624 3 on on IN 34823 1624 4 this this DT 34823 1624 5 is be VBZ 34823 1624 6 responsible responsible JJ 34823 1624 7 for for IN 34823 1624 8 the the DT 34823 1624 9 doctrine doctrine NN 34823 1624 10 of of IN 34823 1624 11 Scott[121 Scott[121 NNP 34823 1624 12 ] ] -RRB- 34823 1624 13 and and CC 34823 1624 14 Laughlin[122 laughlin[122 LS 34823 1624 15 ] ] -RRB- 34823 1624 16 that that IN 34823 1624 17 the the DT 34823 1624 18 sole sole JJ 34823 1624 19 source source NN 34823 1624 20 of of IN 34823 1624 21 the the DT 34823 1624 22 value value NN 34823 1624 23 of of IN 34823 1624 24 inconvertible inconvertible JJ 34823 1624 25 paper paper NN 34823 1624 26 money money NN 34823 1624 27 is be VBZ 34823 1624 28 the the DT 34823 1624 29 prospect prospect NN 34823 1624 30 of of IN 34823 1624 31 redemption redemption NN 34823 1624 32 , , , 34823 1624 33 and and CC 34823 1624 34 that that IN 34823 1624 35 inconvertible inconvertible JJ 34823 1624 36 paper paper NN 34823 1624 37 money money NN 34823 1624 38 differs differ VBZ 34823 1624 39 from from IN 34823 1624 40 gold gold NN 34823 1624 41 in in IN 34823 1624 42 value value NN 34823 1624 43 by by IN 34823 1624 44 an an DT 34823 1624 45 amount amount NN 34823 1624 46 which which WDT 34823 1624 47 exactly exactly RB 34823 1624 48 equals equal VBZ 34823 1624 49 the the DT 34823 1624 50 discount discount NN 34823 1624 51 at at IN 34823 1624 52 the the DT 34823 1624 53 prevailing prevail VBG 34823 1624 54 rate rate NN 34823 1624 55 of of IN 34823 1624 56 interest interest NN 34823 1624 57 , , , 34823 1624 58 with with IN 34823 1624 59 allowance allowance NN 34823 1624 60 for for IN 34823 1624 61 risk risk NN 34823 1624 62 , , , 34823 1624 63 for for IN 34823 1624 64 the the DT 34823 1624 65 period period NN 34823 1624 66 during during IN 34823 1624 67 which which WDT 34823 1624 68 people people NNS 34823 1624 69 expect expect VBP 34823 1624 70 the the DT 34823 1624 71 paper paper NN 34823 1624 72 money money NN 34823 1624 73 to to TO 34823 1624 74 remain remain VB 34823 1624 75 unredeemed unredeemed JJ 34823 1624 76 . . . 34823 1625 1 We -PRON- PRP 34823 1625 2 have have VBP 34823 1625 3 not not RB 34823 1625 4 the the DT 34823 1625 5 banker banker NN 34823 1625 6 's 's POS 34823 1625 7 psychology psychology NN 34823 1625 8 to to IN 34823 1625 9 any any DT 34823 1625 10 such such JJ 34823 1625 11 extent extent NN 34823 1625 12 as as IN 34823 1625 13 that that DT 34823 1625 14 . . . 34823 1626 1 Apart apart RB 34823 1626 2 from from IN 34823 1626 3 the the DT 34823 1626 4 fact fact NN 34823 1626 5 that that IN 34823 1626 6 the the DT 34823 1626 7 money money NN 34823 1626 8 function function NN 34823 1626 9 adds add VBZ 34823 1626 10 to to IN 34823 1626 11 the the DT 34823 1626 12 value value NN 34823 1626 13 of of IN 34823 1626 14 money money NN 34823 1626 15 , , , 34823 1626 16 under under IN 34823 1626 17 certain certain JJ 34823 1626 18 circumstances,--a circumstances,--a NNP 34823 1626 19 point point NN 34823 1626 20 to to TO 34823 1626 21 be be VB 34823 1626 22 elaborated elaborate VBN 34823 1626 23 shortly shortly RB 34823 1626 24 -- -- : 34823 1626 25 other other JJ 34823 1626 26 , , , 34823 1626 27 non non JJ 34823 1626 28 - - JJ 34823 1626 29 rational rational JJ 34823 1626 30 factors factor NNS 34823 1626 31 , , , 34823 1626 32 contagions contagion NNS 34823 1626 33 of of IN 34823 1626 34 depression depression NN 34823 1626 35 and and CC 34823 1626 36 enthusiasm enthusiasm NN 34823 1626 37 , , , 34823 1626 38 patriotic patriotic JJ 34823 1626 39 support support NN 34823 1626 40 , , , 34823 1626 41 " " `` 34823 1626 42 gold gold NN 34823 1626 43 market market NN 34823 1626 44 " " '' 34823 1626 45 manipulations manipulation NNS 34823 1626 46 , , , 34823 1626 47 etc etc FW 34823 1626 48 . . NN 34823 1626 49 , , , 34823 1626 50 entered enter VBD 34823 1626 51 to to TO 34823 1626 52 break break VB 34823 1626 53 the the DT 34823 1626 54 working working NN 34823 1626 55 of of IN 34823 1626 56 the the DT 34823 1626 57 credit credit NN 34823 1626 58 theory theory NN 34823 1626 59 of of IN 34823 1626 60 paper paper NN 34823 1626 61 money money NN 34823 1626 62 as as IN 34823 1626 63 applied apply VBN 34823 1626 64 to to IN 34823 1626 65 the the DT 34823 1626 66 American American NNP 34823 1626 67 Greenbacks Greenbacks NNPS 34823 1626 68 . . . 34823 1627 1 I -PRON- PRP 34823 1627 2 may may MD 34823 1627 3 here here RB 34823 1627 4 express express VB 34823 1627 5 the the DT 34823 1627 6 opinion opinion NN 34823 1627 7 that that IN 34823 1627 8 the the DT 34823 1627 9 credit credit NN 34823 1627 10 theory theory NN 34823 1627 11 is be VBZ 34823 1627 12 the the DT 34823 1627 13 fundamental fundamental JJ 34823 1627 14 principle principle NN 34823 1627 15 in in IN 34823 1627 16 the the DT 34823 1627 17 explanation explanation NN 34823 1627 18 of of IN 34823 1627 19 the the DT 34823 1627 20 value value NN 34823 1627 21 of of IN 34823 1627 22 the the DT 34823 1627 23 Greenbacks Greenbacks NNPS 34823 1627 24 , , , 34823 1627 25 however however RB 34823 1627 26 . . . 34823 1628 1 But but CC 34823 1628 2 we -PRON- PRP 34823 1628 3 have have VBP 34823 1628 4 not not RB 34823 1628 5 the the DT 34823 1628 6 banker banker NN 34823 1628 7 's 's POS 34823 1628 8 psychology psychology NN 34823 1628 9 to to IN 34823 1628 10 any any DT 34823 1628 11 such such JJ 34823 1628 12 extent extent NN 34823 1628 13 as as IN 34823 1628 14 the the DT 34823 1628 15 extreme extreme JJ 34823 1628 16 forms form NNS 34823 1628 17 of of IN 34823 1628 18 that that DT 34823 1628 19 theory theory NN 34823 1628 20 would would MD 34823 1628 21 assume assume VB 34823 1628 22 . . . 34823 1629 1 " " `` 34823 1629 2 Uncle Uncle NNP 34823 1629 3 Sam Sam NNP 34823 1629 4 's 's POS 34823 1629 5 money money NN 34823 1629 6 is be VBZ 34823 1629 7 good good JJ 34823 1629 8 enough enough RB 34823 1629 9 for for IN 34823 1629 10 me -PRON- PRP 34823 1629 11 , , , 34823 1629 12 " " '' 34823 1629 13 is be VBZ 34823 1629 14 a a DT 34823 1629 15 phrase phrase NN 34823 1629 16 I -PRON- PRP 34823 1629 17 have have VBP 34823 1629 18 heard hear VBN 34823 1629 19 from from IN 34823 1629 20 the the DT 34823 1629 21 Populists,--who Populists,--who NNP 34823 1629 22 , , , 34823 1629 23 by by IN 34823 1629 24 the the DT 34823 1629 25 way way NN 34823 1629 26 , , , 34823 1629 27 were be VBD 34823 1629 28 pretty pretty RB 34823 1629 29 good good JJ 34823 1629 30 quantity quantity NN 34823 1629 31 theorists theorist NNS 34823 1629 32 ! ! . 34823 1630 1 " " `` 34823 1630 2 The the DT 34823 1630 3 government government NN 34823 1630 4 is be VBZ 34823 1630 5 behind behind IN 34823 1630 6 it -PRON- PRP 34823 1630 7 . . . 34823 1630 8 " " '' 34823 1631 1 There there EX 34823 1631 2 are be VBP 34823 1631 3 plenty plenty JJ 34823 1631 4 of of IN 34823 1631 5 men man NNS 34823 1631 6 for for IN 34823 1631 7 whom whom WP 34823 1631 8 that that DT 34823 1631 9 assurance assurance NN 34823 1631 10 would would MD 34823 1631 11 be be VB 34823 1631 12 enough enough RB 34823 1631 13 . . . 34823 1632 1 Indeed indeed RB 34823 1632 2 , , , 34823 1632 3 the the DT 34823 1632 4 general general JJ 34823 1632 5 notion notion NN 34823 1632 6 that that IN 34823 1632 7 in in IN 34823 1632 8 some some DT 34823 1632 9 way way NN 34823 1632 10 , , , 34823 1632 11 not not RB 34823 1632 12 specified specify VBN 34823 1632 13 , , , 34823 1632 14 perhaps perhaps RB 34823 1632 15 not not RB 34823 1632 16 yet yet RB 34823 1632 17 known know VBN 34823 1632 18 to to IN 34823 1632 19 anybody anybody NN 34823 1632 20 , , , 34823 1632 21 the the DT 34823 1632 22 government government NN 34823 1632 23 will will MD 34823 1632 24 do do VB 34823 1632 25 what what WP 34823 1632 26 is be VBZ 34823 1632 27 necessary necessary JJ 34823 1632 28 to to TO 34823 1632 29 maintain maintain VB 34823 1632 30 the the DT 34823 1632 31 value value NN 34823 1632 32 of of IN 34823 1632 33 its -PRON- PRP$ 34823 1632 34 money money NN 34823 1632 35 is be VBZ 34823 1632 36 a a DT 34823 1632 37 ground ground NN 34823 1632 38 which which WDT 34823 1632 39 might may MD 34823 1632 40 well well RB 34823 1632 41 influence influence VB 34823 1632 42 even even RB 34823 1632 43 the the DT 34823 1632 44 most most RBS 34823 1632 45 sophisticated sophisticated JJ 34823 1632 46 banker banker NN 34823 1632 47 . . . 34823 1633 1 I -PRON- PRP 34823 1633 2 think think VBP 34823 1633 3 such such PDT 34823 1633 4 a a DT 34823 1633 5 general general JJ 34823 1633 6 confidence confidence NN 34823 1633 7 in in IN 34823 1633 8 the the DT 34823 1633 9 English english JJ 34823 1633 10 government government NN 34823 1633 11 has have VBZ 34823 1633 12 clearly clearly RB 34823 1633 13 been be VBN 34823 1633 14 a a DT 34823 1633 15 factor factor NN 34823 1633 16 in in IN 34823 1633 17 the the DT 34823 1633 18 price price NN 34823 1633 19 of of IN 34823 1633 20 Sterling Sterling NNP 34823 1633 21 exchange exchange NN 34823 1633 22 since since IN 34823 1633 23 the the DT 34823 1633 24 balance balance NN 34823 1633 25 of of IN 34823 1633 26 trade trade NN 34823 1633 27 turned turn VBD 34823 1633 28 so so RB 34823 1633 29 overwhelmingly overwhelmingly RB 34823 1633 30 against against IN 34823 1633 31 England England NNP 34823 1633 32 in in IN 34823 1633 33 the the DT 34823 1633 34 present present JJ 34823 1633 35 War War NNP 34823 1633 36 . . . 34823 1634 1 [ [ -LRB- 34823 1634 2 123 123 CD 34823 1634 3 ] ] -RRB- 34823 1634 4 Our -PRON- PRP$ 34823 1634 5 monetary monetary JJ 34823 1634 6 history history NN 34823 1634 7 , , , 34823 1634 8 I -PRON- PRP 34823 1634 9 may may MD 34823 1634 10 add add VB 34823 1634 11 , , , 34823 1634 12 has have VBZ 34823 1634 13 been be VBN 34823 1634 14 in in IN 34823 1634 15 considerable considerable JJ 34823 1634 16 measure measure NN 34823 1634 17 a a DT 34823 1634 18 struggle struggle NN 34823 1634 19 between between IN 34823 1634 20 these these DT 34823 1634 21 two two CD 34823 1634 22 opposing oppose VBG 34823 1634 23 psychological psychological JJ 34823 1634 24 reactions reaction NNS 34823 1634 25 on on IN 34823 1634 26 that that DT 34823 1634 27 point point NN 34823 1634 28 . . . 34823 1635 1 The the DT 34823 1635 2 utter utter JJ 34823 1635 3 breakdown breakdown NN 34823 1635 4 of of IN 34823 1635 5 the the DT 34823 1635 6 _ _ NNP 34823 1635 7 fiat fiat NN 34823 1635 8 _ _ NNP 34823 1635 9 theory theory NN 34823 1635 10 came come VBD 34823 1635 11 in in IN 34823 1635 12 Rhode Rhode NNP 34823 1635 13 Island Island NNP 34823 1635 14 , , , 34823 1635 15 and and CC 34823 1635 16 in in IN 34823 1635 17 connection connection NN 34823 1635 18 with with IN 34823 1635 19 the the DT 34823 1635 20 Continental Continental NNP 34823 1635 21 Currency Currency NNP 34823 1635 22 , , , 34823 1635 23 in in IN 34823 1635 24 the the DT 34823 1635 25 days day NNS 34823 1635 26 before before IN 34823 1635 27 the the DT 34823 1635 28 Constitution Constitution NNP 34823 1635 29 was be VBD 34823 1635 30 adopted adopt VBN 34823 1635 31 . . . 34823 1636 1 On on IN 34823 1636 2 the the DT 34823 1636 3 other other JJ 34823 1636 4 hand hand NN 34823 1636 5 , , , 34823 1636 6 I -PRON- PRP 34823 1636 7 do do VBP 34823 1636 8 not not RB 34823 1636 9 believe believe VB 34823 1636 10 that that IN 34823 1636 11 those those DT 34823 1636 12 who who WP 34823 1636 13 put put VBP 34823 1636 14 a a DT 34823 1636 15 banker banker NN 34823 1636 16 inside inside IN 34823 1636 17 every every DT 34823 1636 18 one one CD 34823 1636 19 of of IN 34823 1636 20 us -PRON- PRP 34823 1636 21 can can MD 34823 1636 22 prove prove VB 34823 1636 23 that that IN 34823 1636 24 their -PRON- PRP$ 34823 1636 25 principle principle NN 34823 1636 26 has have VBZ 34823 1636 27 been be VBN 34823 1636 28 a a DT 34823 1636 29 complete complete JJ 34823 1636 30 explanation explanation NN 34823 1636 31 at at IN 34823 1636 32 any any DT 34823 1636 33 stage stage NN 34823 1636 34 of of IN 34823 1636 35 our -PRON- PRP$ 34823 1636 36 monetary monetary JJ 34823 1636 37 history history NN 34823 1636 38 . . . 34823 1637 1 But but CC 34823 1637 2 clearly clearly RB 34823 1637 3 considerations consideration NNS 34823 1637 4 like like IN 34823 1637 5 these these DT 34823 1637 6 take take VBP 34823 1637 7 away away RB 34823 1637 8 all all DT 34823 1637 9 mathematical mathematical JJ 34823 1637 10 certainty certainty NN 34823 1637 11 from from IN 34823 1637 12 the the DT 34823 1637 13 matter matter NN 34823 1637 14 . . . 34823 1638 1 The the DT 34823 1638 2 foregoing foregoing JJ 34823 1638 3 analysis analysis NN 34823 1638 4 makes make VBZ 34823 1638 5 clear clear JJ 34823 1638 6 , , , 34823 1638 7 I -PRON- PRP 34823 1638 8 trust trust VBP 34823 1638 9 , , , 34823 1638 10 that that IN 34823 1638 11 the the DT 34823 1638 12 notion notion NN 34823 1638 13 that that IN 34823 1638 14 the the DT 34823 1638 15 money money NN 34823 1638 16 function function NN 34823 1638 17 alone alone RB 34823 1638 18 can can MD 34823 1638 19 make make VB 34823 1638 20 an an DT 34823 1638 21 otherwise otherwise RB 34823 1638 22 valueless valueless JJ 34823 1638 23 money money NN 34823 1638 24 circulate circulate VBP 34823 1638 25 is be VBZ 34823 1638 26 untenable untenable JJ 34823 1638 27 . . . 34823 1639 1 There there EX 34823 1639 2 must must MD 34823 1639 3 be be VB 34823 1639 4 value value NN 34823 1639 5 from from IN 34823 1639 6 other other JJ 34823 1639 7 sources source NNS 34823 1639 8 as as RB 34823 1639 9 well well RB 34823 1639 10 . . . 34823 1640 1 All all DT 34823 1640 2 that that WDT 34823 1640 3 is be VBZ 34823 1640 4 conceded concede VBN 34823 1640 5 is be VBZ 34823 1640 6 that that IN 34823 1640 7 there there EX 34823 1640 8 need nee MD 34823 1640 9 not not RB 34823 1640 10 be be VB 34823 1640 11 a a DT 34823 1640 12 physical physical JJ 34823 1640 13 commodity commodity NN 34823 1640 14 as as IN 34823 1640 15 the the DT 34823 1640 16 basis basis NN 34823 1640 17 of of IN 34823 1640 18 the the DT 34823 1640 19 money money NN 34823 1640 20 . . . 34823 1641 1 Value value NN 34823 1641 2 is be VBZ 34823 1641 3 not not RB 34823 1641 4 necessarily necessarily RB 34823 1641 5 connected connect VBN 34823 1641 6 with with IN 34823 1641 7 a a DT 34823 1641 8 physical physical JJ 34823 1641 9 commodity commodity NN 34823 1641 10 . . . 34823 1642 1 There there EX 34823 1642 2 is be VBZ 34823 1642 3 a a DT 34823 1642 4 disposition disposition NN 34823 1642 5 on on IN 34823 1642 6 the the DT 34823 1642 7 part part NN 34823 1642 8 of of IN 34823 1642 9 many many JJ 34823 1642 10 quantity quantity NN 34823 1642 11 theorists theorist NNS 34823 1642 12 to to TO 34823 1642 13 beg beg VB 34823 1642 14 the the DT 34823 1642 15 question question NN 34823 1642 16 at at IN 34823 1642 17 the the DT 34823 1642 18 outset outset NN 34823 1642 19 , , , 34823 1642 20 to to TO 34823 1642 21 assume assume VB 34823 1642 22 money money NN 34823 1642 23 as as IN 34823 1642 24 circulating circulate VBG 34823 1642 25 , , , 34823 1642 26 without without IN 34823 1642 27 realizing realize VBG 34823 1642 28 how how WRB 34823 1642 29 much much RB 34823 1642 30 this this DT 34823 1642 31 assumption assumption NN 34823 1642 32 involves involve VBZ 34823 1642 33 . . . 34823 1643 1 The the DT 34823 1643 2 assumption assumption NN 34823 1643 3 involves involve VBZ 34823 1643 4 the the DT 34823 1643 5 further further JJ 34823 1643 6 assumption assumption NN 34823 1643 7 that that IN 34823 1643 8 there there EX 34823 1643 9 are be VBP 34823 1643 10 _ _ NNP 34823 1643 11 causes cause VBZ 34823 1643 12 _ _ NNP 34823 1643 13 for for IN 34823 1643 14 the the DT 34823 1643 15 circulation circulation NN 34823 1643 16 of of IN 34823 1643 17 money money NN 34823 1643 18 . . . 34823 1644 1 But but CC 34823 1644 2 the the DT 34823 1644 3 same same JJ 34823 1644 4 causes cause NNS 34823 1644 5 which which WDT 34823 1644 6 make make VBP 34823 1644 7 money money NN 34823 1644 8 circulate circulate VBP 34823 1644 9 will will MD 34823 1644 10 also also RB 34823 1644 11 be be VB 34823 1644 12 factors factor NNS 34823 1644 13 in in IN 34823 1644 14 the the DT 34823 1644 15 determination determination NN 34823 1644 16 of of IN 34823 1644 17 the the DT 34823 1644 18 _ _ NNP 34823 1644 19 terms term NNS 34823 1644 20 _ _ NNP 34823 1644 21 on on IN 34823 1644 22 which which WDT 34823 1644 23 it -PRON- PRP 34823 1644 24 circulates circulate VBZ 34823 1644 25 , , , 34823 1644 26 _ _ NNP 34823 1644 27 i. i. NNP 34823 1645 1 e. e. NNP 34823 1645 2 _ _ NNP 34823 1645 3 , , , 34823 1645 4 the the DT 34823 1645 5 prices price NNS 34823 1645 6 . . . 34823 1646 1 To to TO 34823 1646 2 seek seek VB 34823 1646 3 then then RB 34823 1646 4 , , , 34823 1646 5 by by IN 34823 1646 6 a a DT 34823 1646 7 new new JJ 34823 1646 8 principle principle NN 34823 1646 9 , , , 34823 1646 10 the the DT 34823 1646 11 quantity quantity NN 34823 1646 12 theory theory NN 34823 1646 13 , , , 34823 1646 14 to to TO 34823 1646 15 explain explain VB 34823 1646 16 these these DT 34823 1646 17 prices price NNS 34823 1646 18 without without IN 34823 1646 19 reference reference NN 34823 1646 20 to to IN 34823 1646 21 these these DT 34823 1646 22 causes cause NNS 34823 1646 23 , , , 34823 1646 24 is be VBZ 34823 1646 25 a a DT 34823 1646 26 remarkable remarkable JJ 34823 1646 27 procedure procedure NN 34823 1646 28 . . . 34823 1647 1 There there EX 34823 1647 2 is be VBZ 34823 1647 3 sometimes sometimes RB 34823 1647 4 a a DT 34823 1647 5 disposition disposition NN 34823 1647 6 to to TO 34823 1647 7 do do VB 34823 1647 8 the the DT 34823 1647 9 thing thing NN 34823 1647 10 quite quite RB 34823 1647 11 simply simply RB 34823 1647 12 indeed indeed RB 34823 1647 13 : : : 34823 1647 14 define define VB 34823 1647 15 money money NN 34823 1647 16 as as IN 34823 1647 17 the the DT 34823 1647 18 circulating circulate VBG 34823 1647 19 medium medium NN 34823 1647 20 , , , 34823 1647 21 and and CC 34823 1647 22 , , , 34823 1647 23 _ _ NNP 34823 1647 24 by by IN 34823 1647 25 definition definition NN 34823 1647 26 _ _ NNP 34823 1647 27 , , , 34823 1647 28 you -PRON- PRP 34823 1647 29 have have VBP 34823 1647 30 it -PRON- PRP 34823 1647 31 circulating circulate VBG 34823 1647 32 ! ! . 34823 1648 1 A a DT 34823 1648 2 rather rather RB 34823 1648 3 striking striking JJ 34823 1648 4 case case NN 34823 1648 5 of of IN 34823 1648 6 this this DT 34823 1648 7 , , , 34823 1648 8 which which WDT 34823 1648 9 is be VBZ 34823 1648 10 either either CC 34823 1648 11 tautology tautology NN 34823 1648 12 or or CC 34823 1648 13 circular circular JJ 34823 1648 14 reasoning reasoning NN 34823 1648 15 , , , 34823 1648 16 appears appear VBZ 34823 1648 17 in in IN 34823 1648 18 Fisher Fisher NNP 34823 1648 19 's 's POS 34823 1648 20 _ _ NNP 34823 1648 21 Purchasing Purchasing NNP 34823 1648 22 Power Power NNP 34823 1648 23 of of IN 34823 1648 24 Money Money NNP 34823 1648 25 _ _ NNP 34823 1648 26 ( ( -LRB- 34823 1648 27 p. p. NN 34823 1648 28 129 129 CD 34823 1648 29 ) ) -RRB- 34823 1648 30 : : : 34823 1648 31 " " `` 34823 1648 32 Take take VB 34823 1648 33 the the DT 34823 1648 34 case case NN 34823 1648 35 , , , 34823 1648 36 for for IN 34823 1648 37 instance instance NN 34823 1648 38 , , , 34823 1648 39 of of IN 34823 1648 40 paper paper NN 34823 1648 41 money money NN 34823 1648 42 . . . 34823 1649 1 So so RB 34823 1649 2 long long RB 34823 1649 3 as as IN 34823 1649 4 it -PRON- PRP 34823 1649 5 has have VBZ 34823 1649 6 the the DT 34823 1649 7 _ _ NNP 34823 1649 8 distinctive distinctive JJ 34823 1649 9 characteristic characteristic NN 34823 1649 10 of of IN 34823 1649 11 money,--general money,--general JJ 34823 1649 12 acceptability acceptability NN 34823 1649 13 at at IN 34823 1649 14 its -PRON- PRP$ 34823 1649 15 legal legal JJ 34823 1649 16 value_,--and value_,--and NN 34823 1649 17 is be VBZ 34823 1649 18 limited limit VBN 34823 1649 19 in in IN 34823 1649 20 quantity quantity NN 34823 1649 21 , , , 34823 1649 22 its -PRON- PRP$ 34823 1649 23 value value NN 34823 1649 24 will will MD 34823 1649 25 ordinarily ordinarily RB 34823 1649 26 be be VB 34823 1649 27 equal equal JJ 34823 1649 28 to to IN 34823 1649 29 that that DT 34823 1649 30 of of IN 34823 1649 31 its -PRON- PRP$ 34823 1649 32 legal legal JJ 34823 1649 33 equivalent equivalent NN 34823 1649 34 in in IN 34823 1649 35 gold gold NN 34823 1649 36 . . . 34823 1649 37 " " '' 34823 1650 1 ( ( -LRB- 34823 1650 2 Italics Italics NNP 34823 1650 3 mine mine NN 34823 1650 4 . . . 34823 1650 5 ) ) -RRB- 34823 1651 1 It -PRON- PRP 34823 1651 2 is be VBZ 34823 1651 3 not not RB 34823 1651 4 quite quite RB 34823 1651 5 easy easy JJ 34823 1651 6 to to TO 34823 1651 7 construct construct VB 34823 1651 8 , , , 34823 1651 9 even even RB 34823 1651 10 ideally ideally RB 34823 1651 11 , , , 34823 1651 12 a a DT 34823 1651 13 social social JJ 34823 1651 14 psychology psychology NN 34823 1651 15 which which WDT 34823 1651 16 would would MD 34823 1651 17 perfectly perfectly RB 34823 1651 18 fit fit VB 34823 1651 19 the the DT 34823 1651 20 quantity quantity NN 34823 1651 21 theory theory NN 34823 1651 22 . . . 34823 1652 1 One one PRP 34823 1652 2 would would MD 34823 1652 3 have have VB 34823 1652 4 to to TO 34823 1652 5 assume assume VB 34823 1652 6 that that IN 34823 1652 7 money money NN 34823 1652 8 circulates circulate VBZ 34823 1652 9 purely purely RB 34823 1652 10 from from IN 34823 1652 11 habit habit NN 34823 1652 12 , , , 34823 1652 13 without without IN 34823 1652 14 any any DT 34823 1652 15 present present JJ 34823 1652 16 _ _ NNP 34823 1652 17 reason reason NN 34823 1652 18 _ _ NNP 34823 1652 19 at at RB 34823 1652 20 all all RB 34823 1652 21 . . . 34823 1653 1 The the DT 34823 1653 2 assumption assumption NN 34823 1653 3 must must MD 34823 1653 4 be be VB 34823 1653 5 that that IN 34823 1653 6 the the DT 34823 1653 7 economic economic JJ 34823 1653 8 life life NN 34823 1653 9 runs run VBZ 34823 1653 10 in in IN 34823 1653 11 steady steady JJ 34823 1653 12 grooves groove NNS 34823 1653 13 , , , 34823 1653 14 so so IN 34823 1653 15 that that DT 34823 1653 16 quantity quantity NN 34823 1653 17 of of IN 34823 1653 18 goods good NNS 34823 1653 19 exchanged exchange VBN 34823 1653 20 will will MD 34823 1653 21 always always RB 34823 1653 22 be be VB 34823 1653 23 the the DT 34823 1653 24 same same JJ 34823 1653 25 , , , 34823 1653 26 or or CC 34823 1653 27 at at IN 34823 1653 28 least least JJS 34823 1653 29 , , , 34823 1653 30 that that IN 34823 1653 31 it -PRON- PRP 34823 1653 32 will will MD 34823 1653 33 always always RB 34823 1653 34 be be VB 34823 1653 35 the the DT 34823 1653 36 same same JJ 34823 1653 37 proportion proportion NN 34823 1653 38 of of IN 34823 1653 39 the the DT 34823 1653 40 goods good NNS 34823 1653 41 produced produce VBN 34823 1653 42 -- -- : 34823 1653 43 there there EX 34823 1653 44 must must MD 34823 1653 45 be be VB 34823 1653 46 no no DT 34823 1653 47 option option NN 34823 1653 48 of of IN 34823 1653 49 speculative speculative JJ 34823 1653 50 holding holding NN 34823 1653 51 out out IN 34823 1653 52 of of IN 34823 1653 53 the the DT 34823 1653 54 market market NN 34823 1653 55 allowed allow VBD 34823 1653 56 the the DT 34823 1653 57 holder holder NN 34823 1653 58 of of IN 34823 1653 59 exchangeable exchangeable JJ 34823 1653 60 goods good NNS 34823 1653 61 . . . 34823 1654 1 The the DT 34823 1654 2 individuals individual NNS 34823 1654 3 must must MD 34823 1654 4 have have VB 34823 1654 5 constant constant JJ 34823 1654 6 habits habit NNS 34823 1654 7 as as IN 34823 1654 8 to to IN 34823 1654 9 the the DT 34823 1654 10 _ _ NNP 34823 1654 11 proportions proportion NNS 34823 1654 12 _ _ NNP 34823 1654 13 of of IN 34823 1654 14 the the DT 34823 1654 15 money money NN 34823 1654 16 they -PRON- PRP 34823 1654 17 receive receive VBP 34823 1654 18 to to TO 34823 1654 19 be be VB 34823 1654 20 spent spend VBN 34823 1654 21 and and CC 34823 1654 22 to to TO 34823 1654 23 be be VB 34823 1654 24 held hold VBN 34823 1654 25 for for IN 34823 1654 26 emergencies emergency NNS 34823 1654 27 . . . 34823 1655 1 All all PDT 34823 1655 2 the the DT 34823 1655 3 factors factor NNS 34823 1655 4 affecting affect VBG 34823 1655 5 " " `` 34823 1655 6 velocity velocity NN 34823 1655 7 " " '' 34823 1655 8 of of IN 34823 1655 9 both both CC 34823 1655 10 money money NN 34823 1655 11 and and CC 34823 1655 12 goods good NNS 34823 1655 13 must must MD 34823 1655 14 be be VB 34823 1655 15 constant constant JJ 34823 1655 16 -- -- : 34823 1655 17 Professor Professor NNP 34823 1655 18 Fisher Fisher NNP 34823 1655 19 maintains maintain VBZ 34823 1655 20 very very RB 34823 1655 21 explicitly explicitly RB 34823 1655 22 that that IN 34823 1655 23 velocities velocitie VBZ 34823 1655 24 , , , 34823 1655 25 both both DT 34823 1655 26 of of IN 34823 1655 27 money money NN 34823 1655 28 and and CC 34823 1655 29 of of IN 34823 1655 30 bank bank NN 34823 1655 31 - - HYPH 34823 1655 32 deposits deposit NNS 34823 1655 33 are be VBP 34823 1655 34 fixed fix VBN 34823 1655 35 by by IN 34823 1655 36 habit habit NN 34823 1655 37 ( ( -LRB- 34823 1655 38 _ _ NNP 34823 1655 39 loc loc NN 34823 1655 40 . . . 34823 1656 1 cit cit NNP 34823 1656 2 . . . 34823 1656 3 _ _ NNP 34823 1656 4 , , , 34823 1656 5 p. p. NN 34823 1656 6 152),--and 152),--and CD 34823 1656 7 , , , 34823 1656 8 in in IN 34823 1656 9 any any DT 34823 1656 10 case case NN 34823 1656 11 , , , 34823 1656 12 the the DT 34823 1656 13 assumption assumption NN 34823 1656 14 is be VBZ 34823 1656 15 necessary necessary JJ 34823 1656 16 . . . 34823 1657 1 A a DT 34823 1657 2 thoroughly thoroughly RB 34823 1657 3 mechanical mechanical JJ 34823 1657 4 situation situation NN 34823 1657 5 must must MD 34823 1657 6 be be VB 34823 1657 7 assumed assume VBN 34823 1657 8 , , , 34823 1657 9 where where WRB 34823 1657 10 there there EX 34823 1657 11 is be VBZ 34823 1657 12 the the DT 34823 1657 13 rule rule NN 34823 1657 14 of of IN 34823 1657 15 blind blind JJ 34823 1657 16 habit habit NN 34823 1657 17 . . . 34823 1658 1 Given give VBN 34823 1658 2 such such PDT 34823 1658 3 a a DT 34823 1658 4 mechanism mechanism NN 34823 1658 5 , , , 34823 1658 6 you -PRON- PRP 34823 1658 7 pour pour VBP 34823 1658 8 in in IN 34823 1658 9 money money NN 34823 1658 10 at at IN 34823 1658 11 one one CD 34823 1658 12 end end NN 34823 1658 13 , , , 34823 1658 14 and and CC 34823 1658 15 it -PRON- PRP 34823 1658 16 grinds grind VBZ 34823 1658 17 out out RP 34823 1658 18 prices price NNS 34823 1658 19 at at IN 34823 1658 20 the the DT 34823 1658 21 other other JJ 34823 1658 22 end end NN 34823 1658 23 , , , 34823 1658 24 automatically automatically RB 34823 1658 25 . . . 34823 1659 1 But but CC 34823 1659 2 , , , 34823 1659 3 strangely strangely RB 34823 1659 4 enough enough RB 34823 1659 5 , , , 34823 1659 6 in in IN 34823 1659 7 this this DT 34823 1659 8 social social JJ 34823 1659 9 situation situation NN 34823 1659 10 where where WRB 34823 1659 11 blind blind JJ 34823 1659 12 habit habit NN 34823 1659 13 rules rule NNS 34823 1659 14 , , , 34823 1659 15 prices price NNS 34823 1659 16 are be VBP 34823 1659 17 perfectly perfectly RB 34823 1659 18 fluid fluid JJ 34823 1659 19 ! ! . 34823 1660 1 In in IN 34823 1660 2 India India NNP 34823 1660 3 , , , 34823 1660 4 or or CC 34823 1660 5 in in IN 34823 1660 6 other other JJ 34823 1660 7 countries country NNS 34823 1660 8 where where WRB 34823 1660 9 the the DT 34823 1660 10 assumptions assumption NNS 34823 1660 11 of of IN 34823 1660 12 the the DT 34823 1660 13 quantity quantity NN 34823 1660 14 theorist theorist NN 34823 1660 15 come come VBP 34823 1660 16 most most RBS 34823 1660 17 nearly nearly RB 34823 1660 18 to to IN 34823 1660 19 realization realization NN 34823 1660 20 , , , 34823 1660 21 so so RB 34823 1660 22 far far RB 34823 1660 23 as as IN 34823 1660 24 the the DT 34823 1660 25 general general JJ 34823 1660 26 rule rule NN 34823 1660 27 of of IN 34823 1660 28 habit habit NN 34823 1660 29 is be VBZ 34823 1660 30 concerned concern VBN 34823 1660 31 , , , 34823 1660 32 one one CD 34823 1660 33 finds find VBZ 34823 1660 34 also also RB 34823 1660 35 many many JJ 34823 1660 36 customary customary JJ 34823 1660 37 prices price NNS 34823 1660 38 . . . 34823 1661 1 In in IN 34823 1661 2 a a DT 34823 1661 3 country country NN 34823 1661 4 completely completely RB 34823 1661 5 under under IN 34823 1661 6 the the DT 34823 1661 7 rule rule NN 34823 1661 8 of of IN 34823 1661 9 habit habit NN 34823 1661 10 , , , 34823 1661 11 the the DT 34823 1661 12 prices price NNS 34823 1661 13 would would MD 34823 1661 14 , , , 34823 1661 15 as as IN 34823 1661 16 a a DT 34823 1661 17 matter matter NN 34823 1661 18 of of IN 34823 1661 19 _ _ NNP 34823 1661 20 psychological psychological JJ 34823 1661 21 _ _ NNP 34823 1661 22 necessity necessity NN 34823 1661 23 , , , 34823 1661 24 be be VB 34823 1661 25 also also RB 34823 1661 26 fixed fix VBN 34823 1661 27 . . . 34823 1662 1 What what WP 34823 1662 2 might may MD 34823 1662 3 then then RB 34823 1662 4 be be VB 34823 1662 5 expected expect VBN 34823 1662 6 to to TO 34823 1662 7 happen happen VB 34823 1662 8 in in IN 34823 1662 9 such such PDT 34823 1662 10 a a DT 34823 1662 11 country country NN 34823 1662 12 , , , 34823 1662 13 if if IN 34823 1662 14 an an DT 34823 1662 15 economic economic JJ 34823 1662 16 experimenter experimenter NN 34823 1662 17 should should MD 34823 1662 18 disturb disturb VB 34823 1662 19 them -PRON- PRP 34823 1662 20 in in IN 34823 1662 21 their -PRON- PRP$ 34823 1662 22 habitual habitual JJ 34823 1662 23 quantity quantity NN 34823 1662 24 of of IN 34823 1662 25 money money NN 34823 1662 26 ? ? . 34823 1663 1 Which which WDT 34823 1663 2 habits habit NNS 34823 1663 3 would would MD 34823 1663 4 give give VB 34823 1663 5 way way NN 34823 1663 6 , , , 34823 1663 7 those those DT 34823 1663 8 relating relate VBG 34823 1663 9 to to IN 34823 1663 10 prices price NNS 34823 1663 11 , , , 34823 1663 12 or or CC 34823 1663 13 those those DT 34823 1663 14 to to IN 34823 1663 15 velocities velocity NNS 34823 1663 16 , , , 34823 1663 17 or or CC 34823 1663 18 those those DT 34823 1663 19 relating relate VBG 34823 1663 20 to to IN 34823 1663 21 quantities quantity NNS 34823 1663 22 of of IN 34823 1663 23 goods good NNS 34823 1663 24 exchanged exchange VBN 34823 1663 25 ? ? . 34823 1664 1 [ [ -LRB- 34823 1664 2 124 124 CD 34823 1664 3 ] ] -RRB- 34823 1664 4 I -PRON- PRP 34823 1664 5 shall shall MD 34823 1664 6 not not RB 34823 1664 7 trouble trouble VB 34823 1664 8 to to TO 34823 1664 9 solve solve VB 34823 1664 10 this this DT 34823 1664 11 problem problem NN 34823 1664 12 , , , 34823 1664 13 as as IN 34823 1664 14 it -PRON- PRP 34823 1664 15 seems seem VBZ 34823 1664 16 to to IN 34823 1664 17 me -PRON- PRP 34823 1664 18 not not RB 34823 1664 19 the the DT 34823 1664 20 most most RBS 34823 1664 21 useful useful JJ 34823 1664 22 way way NN 34823 1664 23 to to TO 34823 1664 24 approach approach VB 34823 1664 25 the the DT 34823 1664 26 problem problem NN 34823 1664 27 of of IN 34823 1664 28 the the DT 34823 1664 29 value value NN 34823 1664 30 of of IN 34823 1664 31 money money NN 34823 1664 32 , , , 34823 1664 33 but but CC 34823 1664 34 I -PRON- PRP 34823 1664 35 submit submit VBP 34823 1664 36 it -PRON- PRP 34823 1664 37 to to IN 34823 1664 38 the the DT 34823 1664 39 consideration consideration NN 34823 1664 40 of of IN 34823 1664 41 advocates advocate NNS 34823 1664 42 of of IN 34823 1664 43 the the DT 34823 1664 44 quantity quantity NN 34823 1664 45 theory theory NN 34823 1664 46 . . . 34823 1665 1 My -PRON- PRP$ 34823 1665 2 present present JJ 34823 1665 3 purpose purpose NN 34823 1665 4 is be VBZ 34823 1665 5 accomplished accomplish VBN 34823 1665 6 in in IN 34823 1665 7 pointing point VBG 34823 1665 8 out out RP 34823 1665 9 the the DT 34823 1665 10 psychological psychological JJ 34823 1665 11 assumptions assumption NNS 34823 1665 12 which which WDT 34823 1665 13 the the DT 34823 1665 14 quantity quantity NN 34823 1665 15 theory theory NN 34823 1665 16 makes make VBZ 34823 1665 17 : : : 34823 1665 18 a a DT 34823 1665 19 psychology psychology NN 34823 1665 20 of of IN 34823 1665 21 blind blind JJ 34823 1665 22 habit habit NN 34823 1665 23 , , , 34823 1665 24 in in IN 34823 1665 25 a a DT 34823 1665 26 situation situation NN 34823 1665 27 where where WRB 34823 1665 28 the the DT 34823 1665 29 price price NN 34823 1665 30 - - HYPH 34823 1665 31 level level NN 34823 1665 32 is be VBZ 34823 1665 33 free free JJ 34823 1665 34 from from IN 34823 1665 35 control control NN 34823 1665 36 by by IN 34823 1665 37 customary customary JJ 34823 1665 38 prices price NNS 34823 1665 39 . . . 34823 1666 1 Now now RB 34823 1666 2 at at IN 34823 1666 3 another another DT 34823 1666 4 point point NN 34823 1666 5 I -PRON- PRP 34823 1666 6 wish wish VBP 34823 1666 7 to to TO 34823 1666 8 mediate mediate VB 34823 1666 9 between between IN 34823 1666 10 the the DT 34823 1666 11 quantity quantity NN 34823 1666 12 theorists theorist NNS 34823 1666 13 and and CC 34823 1666 14 their -PRON- PRP$ 34823 1666 15 extreme extreme JJ 34823 1666 16 opponents opponent NNS 34823 1666 17 . . . 34823 1667 1 Representatives representative NNS 34823 1667 2 of of IN 34823 1667 3 the the DT 34823 1667 4 Metallist Metallist NNP 34823 1667 5 of of IN 34823 1667 6 Commodity Commodity NNP 34823 1667 7 School School NNP 34823 1667 8 -- -- : 34823 1667 9 like like IN 34823 1667 10 Professor Professor NNP 34823 1667 11 Laughlin Laughlin NNP 34823 1667 12 , , , 34823 1667 13 and and CC 34823 1667 14 Professor Professor NNP 34823 1667 15 Scott Scott NNP 34823 1667 16 in in IN 34823 1667 17 his -PRON- PRP$ 34823 1667 18 earlier early JJR 34823 1667 19 writings writing NNS 34823 1667 20 -- -- : 34823 1667 21 seem seem VBP 34823 1667 22 to to TO 34823 1667 23 deny deny VB 34823 1667 24 that that IN 34823 1667 25 the the DT 34823 1667 26 money money NN 34823 1667 27 - - HYPH 34823 1667 28 employment employment NN 34823 1667 29 has have VBZ 34823 1667 30 any any DT 34823 1667 31 direct direct JJ 34823 1667 32 effect effect NN 34823 1667 33 in in IN 34823 1667 34 increasing increase VBG 34823 1667 35 the the DT 34823 1667 36 value value NN 34823 1667 37 of of IN 34823 1667 38 money money NN 34823 1667 39 . . . 34823 1668 1 The the DT 34823 1668 2 money money NN 34823 1668 3 - - HYPH 34823 1668 4 employment employment NN 34823 1668 5 affects affect VBZ 34823 1668 6 the the DT 34823 1668 7 value value NN 34823 1668 8 of of IN 34823 1668 9 money money NN 34823 1668 10 only only RB 34823 1668 11 indirectly indirectly RB 34823 1668 12 , , , 34823 1668 13 by by IN 34823 1668 14 withdrawing withdraw VBG 34823 1668 15 the the DT 34823 1668 16 money money NN 34823 1668 17 metal metal NN 34823 1668 18 from from IN 34823 1668 19 the the DT 34823 1668 20 arts art NNS 34823 1668 21 , , , 34823 1668 22 so so RB 34823 1668 23 raising raise VBG 34823 1668 24 the the DT 34823 1668 25 value value NN 34823 1668 26 of of IN 34823 1668 27 the the DT 34823 1668 28 money money NN 34823 1668 29 metal metal NN 34823 1668 30 , , , 34823 1668 31 and and CC 34823 1668 32 consequently consequently RB 34823 1668 33 raising raise VBG 34823 1668 34 the the DT 34823 1668 35 value value NN 34823 1668 36 of of IN 34823 1668 37 the the DT 34823 1668 38 coined coin VBN 34823 1668 39 metal metal NN 34823 1668 40 . . . 34823 1669 1 The the DT 34823 1669 2 quantity quantity NN 34823 1669 3 theory theory NN 34823 1669 4 , , , 34823 1669 5 on on IN 34823 1669 6 the the DT 34823 1669 7 other other JJ 34823 1669 8 hand hand NN 34823 1669 9 , , , 34823 1669 10 would would MD 34823 1669 11 utterly utterly RB 34823 1669 12 divorce divorce VB 34823 1669 13 the the DT 34823 1669 14 value value NN 34823 1669 15 of of IN 34823 1669 16 money money NN 34823 1669 17 from from IN 34823 1669 18 causal causal JJ 34823 1669 19 dependence dependence NN 34823 1669 20 on on IN 34823 1669 21 the the DT 34823 1669 22 stuff stuff NN 34823 1669 23 of of IN 34823 1669 24 which which WDT 34823 1669 25 the the DT 34823 1669 26 money money NN 34823 1669 27 is be VBZ 34823 1669 28 made make VBN 34823 1669 29 . . . 34823 1670 1 Both both CC 34823 1670 2 these these DT 34823 1670 3 views view NNS 34823 1670 4 seem seem VBP 34823 1670 5 to to IN 34823 1670 6 me -PRON- PRP 34823 1670 7 extreme extreme JJ 34823 1670 8 . . . 34823 1671 1 Unless unless IN 34823 1671 2 money money NN 34823 1671 3 has have VBZ 34823 1671 4 value value NN 34823 1671 5 from from IN 34823 1671 6 some some DT 34823 1671 7 source source NN 34823 1671 8 other other JJ 34823 1671 9 than than IN 34823 1671 10 the the DT 34823 1671 11 money money NN 34823 1671 12 employment employment NN 34823 1671 13 , , , 34823 1671 14 it -PRON- PRP 34823 1671 15 can can MD 34823 1671 16 not not RB 34823 1671 17 be be VB 34823 1671 18 used use VBN 34823 1671 19 as as IN 34823 1671 20 money money NN 34823 1671 21 at at RB 34823 1671 22 all all RB 34823 1671 23 . . . 34823 1672 1 Nobody nobody NN 34823 1672 2 will will MD 34823 1672 3 want want VB 34823 1672 4 it -PRON- PRP 34823 1672 5 . . . 34823 1673 1 On on IN 34823 1673 2 the the DT 34823 1673 3 other other JJ 34823 1673 4 hand hand NN 34823 1673 5 , , , 34823 1673 6 the the DT 34823 1673 7 money money NN 34823 1673 8 use use NN 34823 1673 9 is be VBZ 34823 1673 10 a a DT 34823 1673 11 valuable valuable JJ 34823 1673 12 use use NN 34823 1673 13 . . . 34823 1674 1 Exchange exchange NN 34823 1674 2 is be VBZ 34823 1674 3 a a DT 34823 1674 4 productive productive JJ 34823 1674 5 process process NN 34823 1674 6 . . . 34823 1675 1 Money money NN 34823 1675 2 , , , 34823 1675 3 as as IN 34823 1675 4 a a DT 34823 1675 5 tool tool NN 34823 1675 6 of of IN 34823 1675 7 exchange exchange NN 34823 1675 8 , , , 34823 1675 9 enables enable VBZ 34823 1675 10 men man NNS 34823 1675 11 to to TO 34823 1675 12 create create VB 34823 1675 13 values value NNS 34823 1675 14 . . . 34823 1676 1 And and CC 34823 1676 2 you -PRON- PRP 34823 1676 3 can can MD 34823 1676 4 measure measure VB 34823 1676 5 the the DT 34823 1676 6 value value NN 34823 1676 7 of of IN 34823 1676 8 the the DT 34823 1676 9 money money NN 34823 1676 10 service service NN 34823 1676 11 very very RB 34823 1676 12 easily easily RB 34823 1676 13 at at IN 34823 1676 14 a a DT 34823 1676 15 given give VBN 34823 1676 16 time time NN 34823 1676 17 if if IN 34823 1676 18 you -PRON- PRP 34823 1676 19 look look VBP 34823 1676 20 at at IN 34823 1676 21 the the DT 34823 1676 22 short short JJ 34823 1676 23 time time NN 34823 1676 24 " " `` 34823 1676 25 money money NN 34823 1676 26 - - HYPH 34823 1676 27 rates rate NNS 34823 1676 28 , , , 34823 1676 29 " " '' 34823 1676 30 _ _ NNP 34823 1676 31 i. i. NNP 34823 1677 1 e. e. NNP 34823 1677 2 _ _ NNP 34823 1677 3 , , , 34823 1677 4 rates rate NNS 34823 1677 5 of of IN 34823 1677 6 discount discount NN 34823 1677 7 on on IN 34823 1677 8 prime prime JJ 34823 1677 9 short short JJ 34823 1677 10 term term NN 34823 1677 11 paper paper NN 34823 1677 12 . . . 34823 1678 1 These these DT 34823 1678 2 are be VBP 34823 1678 3 properly properly RB 34823 1678 4 to to TO 34823 1678 5 be be VB 34823 1678 6 considered consider VBN 34823 1678 7 , , , 34823 1678 8 not not RB 34823 1678 9 interest interest NN 34823 1678 10 on on IN 34823 1678 11 abstract abstract JJ 34823 1678 12 capital capital NN 34823 1678 13 , , , 34823 1678 14 but but CC 34823 1678 15 the the DT 34823 1678 16 rent rent NN 34823 1678 17 of of IN 34823 1678 18 a a DT 34823 1678 19 particular particular JJ 34823 1678 20 capital capital NN 34823 1678 21 - - HYPH 34823 1678 22 good good JJ 34823 1678 23 , , , 34823 1678 24 namely namely RB 34823 1678 25 , , , 34823 1678 26 money money NN 34823 1678 27 . . . 34823 1679 1 The the DT 34823 1679 2 money money NN 34823 1679 3 is be VBZ 34823 1679 4 hired hire VBN 34823 1679 5 for for IN 34823 1679 6 a a DT 34823 1679 7 specific specific JJ 34823 1679 8 service service NN 34823 1679 9 , , , 34823 1679 10 namely namely RB 34823 1679 11 , , , 34823 1679 12 to to TO 34823 1679 13 enable enable VB 34823 1679 14 a a DT 34823 1679 15 man man NN 34823 1679 16 to to TO 34823 1679 17 get get VB 34823 1679 18 a a DT 34823 1679 19 specific specific JJ 34823 1679 20 profit profit NN 34823 1679 21 in in IN 34823 1679 22 a a DT 34823 1679 23 commercial commercial JJ 34823 1679 24 transaction transaction NN 34823 1679 25 . . . 34823 1680 1 Money money NN 34823 1680 2 is be VBZ 34823 1680 3 not not RB 34823 1680 4 the the DT 34823 1680 5 only only JJ 34823 1680 6 good good JJ 34823 1680 7 which which WDT 34823 1680 8 can can MD 34823 1680 9 be be VB 34823 1680 10 thus thus RB 34823 1680 11 employed employ VBN 34823 1680 12 , , , 34823 1680 13 and and CC 34823 1680 14 which which WDT 34823 1680 15 is be VBZ 34823 1680 16 paid pay VBN 34823 1680 17 for for IN 34823 1680 18 for for IN 34823 1680 19 this this DT 34823 1680 20 purpose purpose NN 34823 1680 21 . . . 34823 1681 1 Ordinarily ordinarily RB 34823 1681 2 a a DT 34823 1681 3 man man NN 34823 1681 4 will will MD 34823 1681 5 pay pay VB 34823 1681 6 for for IN 34823 1681 7 money money NN 34823 1681 8 for for IN 34823 1681 9 this this DT 34823 1681 10 purpose purpose NN 34823 1681 11 . . . 34823 1682 1 Sometimes sometimes RB 34823 1682 2 , , , 34823 1682 3 however however RB 34823 1682 4 , , , 34823 1682 5 one one PRP 34823 1682 6 needs need VBZ 34823 1682 7 the the DT 34823 1682 8 temporary temporary JJ 34823 1682 9 use use NN 34823 1682 10 of of IN 34823 1682 11 something something NN 34823 1682 12 else else RB 34823 1682 13 more more JJR 34823 1682 14 than than IN 34823 1682 15 one one PRP 34823 1682 16 needs need VBZ 34823 1682 17 money money NN 34823 1682 18 , , , 34823 1682 19 and and CC 34823 1682 20 the the DT 34823 1682 21 holder holder NN 34823 1682 22 of of IN 34823 1682 23 money money NN 34823 1682 24 pays pay VBZ 34823 1682 25 a a DT 34823 1682 26 premium premium NN 34823 1682 27 for for IN 34823 1682 28 the the DT 34823 1682 29 privilege privilege NN 34823 1682 30 of of IN 34823 1682 31 temporarily temporarily RB 34823 1682 32 holding hold VBG 34823 1682 33 the the DT 34823 1682 34 other other JJ 34823 1682 35 thing thing NN 34823 1682 36 . . . 34823 1683 1 I -PRON- PRP 34823 1683 2 refer refer VBP 34823 1683 3 especially especially RB 34823 1683 4 here here RB 34823 1683 5 to to IN 34823 1683 6 the the DT 34823 1683 7 practice practice NN 34823 1683 8 of of IN 34823 1683 9 " " `` 34823 1683 10 borrowing borrowing NN 34823 1683 11 and and CC 34823 1683 12 carrying carry VBG 34823 1683 13 " " `` 34823 1683 14 on on IN 34823 1683 15 the the DT 34823 1683 16 stock stock NN 34823 1683 17 exchange exchange NN 34823 1683 18 . . . 34823 1684 1 The the DT 34823 1684 2 " " `` 34823 1684 3 bear bear NN 34823 1684 4 " " '' 34823 1684 5 sells sell VBZ 34823 1684 6 stock stock NN 34823 1684 7 which which WDT 34823 1684 8 he -PRON- PRP 34823 1684 9 does do VBZ 34823 1684 10 not not RB 34823 1684 11 possess possess VB 34823 1684 12 , , , 34823 1684 13 and and CC 34823 1684 14 must must MD 34823 1684 15 deliver deliver VB 34823 1684 16 the the DT 34823 1684 17 stock stock NN 34823 1684 18 before before IN 34823 1684 19 he -PRON- PRP 34823 1684 20 is be VBZ 34823 1684 21 ready ready JJ 34823 1684 22 to to TO 34823 1684 23 close close VB 34823 1684 24 his -PRON- PRP$ 34823 1684 25 transaction transaction NN 34823 1684 26 by by IN 34823 1684 27 buying buy VBG 34823 1684 28 to to TO 34823 1684 29 " " `` 34823 1684 30 cover cover VB 34823 1684 31 . . . 34823 1684 32 " " '' 34823 1685 1 He -PRON- PRP 34823 1685 2 goes go VBZ 34823 1685 3 to to IN 34823 1685 4 a a DT 34823 1685 5 " " `` 34823 1685 6 bull bull NN 34823 1685 7 " " '' 34823 1685 8 who who WP 34823 1685 9 has have VBZ 34823 1685 10 more more JJR 34823 1685 11 stock stock NN 34823 1685 12 than than IN 34823 1685 13 he -PRON- PRP 34823 1685 14 can can MD 34823 1685 15 easily easily RB 34823 1685 16 " " `` 34823 1685 17 carry carry VB 34823 1685 18 , , , 34823 1685 19 " " '' 34823 1685 20 and and CC 34823 1685 21 who who WP 34823 1685 22 is be VBZ 34823 1685 23 glad glad JJ 34823 1685 24 to to TO 34823 1685 25 " " `` 34823 1685 26 lend lend VB 34823 1685 27 " " '' 34823 1685 28 the the DT 34823 1685 29 stock stock NN 34823 1685 30 in in IN 34823 1685 31 return return NN 34823 1685 32 for for IN 34823 1685 33 a a DT 34823 1685 34 " " `` 34823 1685 35 loan loan NN 34823 1685 36 " " '' 34823 1685 37 of of IN 34823 1685 38 its -PRON- PRP$ 34823 1685 39 equivalent equivalent NN 34823 1685 40 in in IN 34823 1685 41 money money NN 34823 1685 42 . . . 34823 1686 1 Ordinarily ordinarily RB 34823 1686 2 the the DT 34823 1686 3 bull bull NN 34823 1686 4 is be VBZ 34823 1686 5 glad glad JJ 34823 1686 6 to to TO 34823 1686 7 pay pay VB 34823 1686 8 a a DT 34823 1686 9 price price NN 34823 1686 10 for for IN 34823 1686 11 the the DT 34823 1686 12 money money NN 34823 1686 13 , , , 34823 1686 14 as as IN 34823 1686 15 it -PRON- PRP 34823 1686 16 is be VBZ 34823 1686 17 of of IN 34823 1686 18 service service NN 34823 1686 19 to to IN 34823 1686 20 him -PRON- PRP 34823 1686 21 . . . 34823 1687 1 Sometimes sometimes RB 34823 1687 2 , , , 34823 1687 3 however however RB 34823 1687 4 , , , 34823 1687 5 the the DT 34823 1687 6 situation situation NN 34823 1687 7 is be VBZ 34823 1687 8 reversed reverse VBN 34823 1687 9 , , , 34823 1687 10 and and CC 34823 1687 11 the the DT 34823 1687 12 service service NN 34823 1687 13 which which WDT 34823 1687 14 the the DT 34823 1687 15 temporary temporary JJ 34823 1687 16 loan loan NN 34823 1687 17 of of IN 34823 1687 18 the the DT 34823 1687 19 stock stock NN 34823 1687 20 performs perform VBZ 34823 1687 21 for for IN 34823 1687 22 the the DT 34823 1687 23 hard hard RB 34823 1687 24 - - HYPH 34823 1687 25 pressed press VBN 34823 1687 26 bears bear NNS 34823 1687 27 is be VBZ 34823 1687 28 greater great JJR 34823 1687 29 than than IN 34823 1687 30 the the DT 34823 1687 31 service service NN 34823 1687 32 which which WDT 34823 1687 33 the the DT 34823 1687 34 money money NN 34823 1687 35 performs perform VBZ 34823 1687 36 for for IN 34823 1687 37 the the DT 34823 1687 38 bulls bull NNS 34823 1687 39 , , , 34823 1687 40 and and CC 34823 1687 41 the the DT 34823 1687 42 payment payment NN 34823 1687 43 is be VBZ 34823 1687 44 reversed reverse VBN 34823 1687 45 . . . 34823 1688 1 When when WRB 34823 1688 2 the the DT 34823 1688 3 bull bull NN 34823 1688 4 pays pay VBZ 34823 1688 5 a a DT 34823 1688 6 premium premium NN 34823 1688 7 to to IN 34823 1688 8 the the DT 34823 1688 9 bear bear NN 34823 1688 10 , , , 34823 1688 11 for for IN 34823 1688 12 the the DT 34823 1688 13 use use NN 34823 1688 14 of of IN 34823 1688 15 the the DT 34823 1688 16 money money NN 34823 1688 17 , , , 34823 1688 18 the the DT 34823 1688 19 amount amount NN 34823 1688 20 paid pay VBN 34823 1688 21 is be VBZ 34823 1688 22 called call VBN 34823 1688 23 " " `` 34823 1688 24 carrying carry VBG 34823 1688 25 charge charge NN 34823 1688 26 , , , 34823 1688 27 " " '' 34823 1688 28 " " `` 34823 1688 29 interest interest NN 34823 1688 30 charge charge NN 34823 1688 31 for for IN 34823 1688 32 carrying carrying NN 34823 1688 33 , , , 34823 1688 34 " " '' 34823 1688 35 " " `` 34823 1688 36 contango contango NN 34823 1688 37 , , , 34823 1688 38 " " '' 34823 1688 39 ( ( -LRB- 34823 1688 40 London London NNP 34823 1688 41 ) ) -RRB- 34823 1688 42 or or CC 34823 1688 43 ( ( -LRB- 34823 1688 44 in in IN 34823 1688 45 Germany Germany NNP 34823 1688 46 ) ) -RRB- 34823 1688 47 " " `` 34823 1688 48 _ _ NNP 34823 1688 49 Report Report NNP 34823 1688 50 _ _ NNP 34823 1688 51 . . . 34823 1688 52 " " '' 34823 1689 1 This this DT 34823 1689 2 is be VBZ 34823 1689 3 the the DT 34823 1689 4 usual usual JJ 34823 1689 5 case case NN 34823 1689 6 . . . 34823 1690 1 But but CC 34823 1690 2 sometimes sometimes RB 34823 1690 3 the the DT 34823 1690 4 bear bear NN 34823 1690 5 pays pay VBZ 34823 1690 6 the the DT 34823 1690 7 bull bull NN 34823 1690 8 a a DT 34823 1690 9 premium premium NN 34823 1690 10 for for IN 34823 1690 11 the the DT 34823 1690 12 use use NN 34823 1690 13 of of IN 34823 1690 14 the the DT 34823 1690 15 stock stock NN 34823 1690 16 , , , 34823 1690 17 and and CC 34823 1690 18 the the DT 34823 1690 19 charge charge NN 34823 1690 20 is be VBZ 34823 1690 21 then then RB 34823 1690 22 called call VBN 34823 1690 23 " " `` 34823 1690 24 premium premium NN 34823 1690 25 for for IN 34823 1690 26 use use NN 34823 1690 27 , , , 34823 1690 28 " " '' 34823 1690 29 " " `` 34823 1690 30 backwardation backwardation NN 34823 1690 31 , , , 34823 1690 32 " " '' 34823 1690 33 ( ( -LRB- 34823 1690 34 London London NNP 34823 1690 35 ) ) -RRB- 34823 1690 36 or or CC 34823 1690 37 " " `` 34823 1690 38 _ _ NNP 34823 1690 39 Deport Deport NNP 34823 1690 40 _ _ NNP 34823 1690 41 " " '' 34823 1690 42 ( ( -LRB- 34823 1690 43 Germany Germany NNP 34823 1690 44 ) ) -RRB- 34823 1690 45 . . . 34823 1691 1 [ [ -LRB- 34823 1691 2 125 125 CD 34823 1691 3 ] ] -RRB- 34823 1691 4 Money money NN 34823 1691 5 is be VBZ 34823 1691 6 , , , 34823 1691 7 thus thus RB 34823 1691 8 , , , 34823 1691 9 not not RB 34823 1691 10 the the DT 34823 1691 11 only only JJ 34823 1691 12 thing thing NN 34823 1691 13 which which WDT 34823 1691 14 has have VBZ 34823 1691 15 a a DT 34823 1691 16 " " `` 34823 1691 17 use use NN 34823 1691 18 " " '' 34823 1691 19 in in IN 34823 1691 20 addition addition NN 34823 1691 21 to to IN 34823 1691 22 the the DT 34823 1691 23 ordinary ordinary JJ 34823 1691 24 " " `` 34823 1691 25 uses use NNS 34823 1691 26 " " '' 34823 1691 27 which which WDT 34823 1691 28 are be VBP 34823 1691 29 the the DT 34823 1691 30 primary primary JJ 34823 1691 31 source source NN 34823 1691 32 of of IN 34823 1691 33 its -PRON- PRP$ 34823 1691 34 value value NN 34823 1691 35 . . . 34823 1692 1 [ [ -LRB- 34823 1692 2 126 126 CD 34823 1692 3 ] ] -RRB- 34823 1692 4 In in IN 34823 1692 5 the the DT 34823 1692 6 case case NN 34823 1692 7 of of IN 34823 1692 8 other other JJ 34823 1692 9 things thing NNS 34823 1692 10 , , , 34823 1692 11 however however RB 34823 1692 12 , , , 34823 1692 13 this this DT 34823 1692 14 kind kind NN 34823 1692 15 of of IN 34823 1692 16 " " `` 34823 1692 17 use use NN 34823 1692 18 " " '' 34823 1692 19 is be VBZ 34823 1692 20 unusual unusual JJ 34823 1692 21 . . . 34823 1693 1 In in IN 34823 1693 2 the the DT 34823 1693 3 case case NN 34823 1693 4 of of IN 34823 1693 5 money money NN 34823 1693 6 it -PRON- PRP 34823 1693 7 is be VBZ 34823 1693 8 the the DT 34823 1693 9 primary primary JJ 34823 1693 10 use use NN 34823 1693 11 . . . 34823 1694 1 The the DT 34823 1694 2 essence essence NN 34823 1694 3 of of IN 34823 1694 4 this this DT 34823 1694 5 use use NN 34823 1694 6 is be VBZ 34823 1694 7 to to TO 34823 1694 8 be be VB 34823 1694 9 found find VBN 34823 1694 10 in in IN 34823 1694 11 the the DT 34823 1694 12 employment employment NN 34823 1694 13 of of IN 34823 1694 14 a a DT 34823 1694 15 quantum quantum NN 34823 1694 16 of of IN 34823 1694 17 _ _ NNP 34823 1694 18 value value NN 34823 1694 19 _ _ NNP 34823 1694 20 in in IN 34823 1694 21 highly highly RB 34823 1694 22 saleable saleable JJ 34823 1694 23 form form NN 34823 1694 24 in in IN 34823 1694 25 facilitating facilitate VBG 34823 1694 26 commercial commercial JJ 34823 1694 27 transactions transaction NNS 34823 1694 28 . . . 34823 1695 1 Commercial commercial JJ 34823 1695 2 transactions transaction NNS 34823 1695 3 , , , 34823 1695 4 in in IN 34823 1695 5 this this DT 34823 1695 6 sense sense NN 34823 1695 7 , , , 34823 1695 8 are be VBP 34823 1695 9 not not RB 34823 1695 10 limited limited JJ 34823 1695 11 to to IN 34823 1695 12 ordinary ordinary JJ 34823 1695 13 buying buying NN 34823 1695 14 and and CC 34823 1695 15 selling selling NN 34823 1695 16 . . . 34823 1696 1 I -PRON- PRP 34823 1696 2 think think VBP 34823 1696 3 it -PRON- PRP 34823 1696 4 best well RBS 34823 1696 5 to to TO 34823 1696 6 defer defer VB 34823 1696 7 further further JJ 34823 1696 8 analysis analysis NN 34823 1696 9 of of IN 34823 1696 10 the the DT 34823 1696 11 money money NN 34823 1696 12 service service NN 34823 1696 13 to to IN 34823 1696 14 a a DT 34823 1696 15 later later JJ 34823 1696 16 chapter chapter NN 34823 1696 17 , , , 34823 1696 18 on on IN 34823 1696 19 the the DT 34823 1696 20 functions function NNS 34823 1696 21 of of IN 34823 1696 22 money money NN 34823 1696 23 , , , 34823 1696 24 which which WDT 34823 1696 25 will will MD 34823 1696 26 best well RBS 34823 1696 27 be be VB 34823 1696 28 preceded precede VBN 34823 1696 29 by by IN 34823 1696 30 a a DT 34823 1696 31 consideration consideration NN 34823 1696 32 of of IN 34823 1696 33 the the DT 34823 1696 34 origin origin NN 34823 1696 35 of of IN 34823 1696 36 money money NN 34823 1696 37 . . . 34823 1697 1 For for IN 34823 1697 2 the the DT 34823 1697 3 present present NN 34823 1697 4 , , , 34823 1697 5 it -PRON- PRP 34823 1697 6 is be VBZ 34823 1697 7 enough enough JJ 34823 1697 8 to to TO 34823 1697 9 note note VB 34823 1697 10 that that IN 34823 1697 11 money money NN 34823 1697 12 has have VBZ 34823 1697 13 certain certain JJ 34823 1697 14 characteristics characteristic NNS 34823 1697 15 which which WDT 34823 1697 16 enable enable VBP 34823 1697 17 it -PRON- PRP 34823 1697 18 to to TO 34823 1697 19 facilitate facilitate VB 34823 1697 20 exchanges exchange NNS 34823 1697 21 , , , 34823 1697 22 and and CC 34823 1697 23 to to TO 34823 1697 24 pay pay VB 34823 1697 25 debts debt NNS 34823 1697 26 , , , 34823 1697 27 better well JJR 34823 1697 28 than than IN 34823 1697 29 anything anything NN 34823 1697 30 else else RB 34823 1697 31 , , , 34823 1697 32 and and CC 34823 1697 33 that that IN 34823 1697 34 this this DT 34823 1697 35 fact fact NN 34823 1697 36 makes make VBZ 34823 1697 37 an an DT 34823 1697 38 addition addition NN 34823 1697 39 to to IN 34823 1697 40 its -PRON- PRP$ 34823 1697 41 value value NN 34823 1697 42 . . . 34823 1698 1 It -PRON- PRP 34823 1698 2 is be VBZ 34823 1698 3 possible possible JJ 34823 1698 4 , , , 34823 1698 5 I -PRON- PRP 34823 1698 6 think think VBP 34823 1698 7 , , , 34823 1698 8 to to TO 34823 1698 9 measure measure VB 34823 1698 10 this this DT 34823 1698 11 addition addition NN 34823 1698 12 to to IN 34823 1698 13 value value NN 34823 1698 14 rather rather RB 34823 1698 15 precisely precisely RB 34823 1698 16 in in IN 34823 1698 17 certain certain JJ 34823 1698 18 cases case NNS 34823 1698 19 . . . 34823 1699 1 Thus thus RB 34823 1699 2 , , , 34823 1699 3 in in IN 34823 1699 4 the the DT 34823 1699 5 case case NN 34823 1699 6 of of IN 34823 1699 7 the the DT 34823 1699 8 American American NNP 34823 1699 9 Greenbacks Greenbacks NNPS 34823 1699 10 , , , 34823 1699 11 we -PRON- PRP 34823 1699 12 find find VBP 34823 1699 13 them -PRON- PRP 34823 1699 14 at at IN 34823 1699 15 a a DT 34823 1699 16 discount discount NN 34823 1699 17 , , , 34823 1699 18 say say VBP 34823 1699 19 from from IN 34823 1699 20 the the DT 34823 1699 21 beginning beginning NN 34823 1699 22 of of IN 34823 1699 23 1877 1877 CD 34823 1699 24 on on IN 34823 1699 25 , , , 34823 1699 26 as as IN 34823 1699 27 compared compare VBN 34823 1699 28 with with IN 34823 1699 29 the the DT 34823 1699 30 gold gold NN 34823 1699 31 dollar dollar NN 34823 1699 32 in in IN 34823 1699 33 which which WDT 34823 1699 34 they -PRON- PRP 34823 1699 35 were be VBD 34823 1699 36 to to TO 34823 1699 37 be be VB 34823 1699 38 redeemed redeem VBN 34823 1699 39 in in IN 34823 1699 40 Jan. January NNP 34823 1699 41 1879 1879 CD 34823 1699 42 . . . 34823 1700 1 I -PRON- PRP 34823 1700 2 think think VBP 34823 1700 3 it -PRON- PRP 34823 1700 4 safe safe JJ 34823 1700 5 to to TO 34823 1700 6 contend contend VB 34823 1700 7 that that IN 34823 1700 8 the the DT 34823 1700 9 country country NN 34823 1700 10 was be VBD 34823 1700 11 practically practically RB 34823 1700 12 free free JJ 34823 1700 13 from from IN 34823 1700 14 doubt doubt NN 34823 1700 15 as as IN 34823 1700 16 to to IN 34823 1700 17 their -PRON- PRP$ 34823 1700 18 redemption redemption NN 34823 1700 19 after after IN 34823 1700 20 the the DT 34823 1700 21 early early JJ 34823 1700 22 part part NN 34823 1700 23 of of IN 34823 1700 24 1877 1877 CD 34823 1700 25 . . . 34823 1701 1 The the DT 34823 1701 2 discount discount NN 34823 1701 3 steadily steadily RB 34823 1701 4 diminished diminish VBD 34823 1701 5 as as IN 34823 1701 6 the the DT 34823 1701 7 time time NN 34823 1701 8 of of IN 34823 1701 9 redemption redemption NN 34823 1701 10 approached approach VBN 34823 1701 11 . . . 34823 1702 1 Laughlin Laughlin NNP 34823 1702 2 's 's POS 34823 1702 3 theory theory NN 34823 1702 4 is be VBZ 34823 1702 5 thus thus RB 34823 1702 6 far far RB 34823 1702 7 beautifully beautifully RB 34823 1702 8 vindicated vindicated JJ 34823 1702 9 . . . 34823 1703 1 The the DT 34823 1703 2 central central JJ 34823 1703 3 fact fact NN 34823 1703 4 governing govern VBG 34823 1703 5 the the DT 34823 1703 6 value value NN 34823 1703 7 of of IN 34823 1703 8 the the DT 34823 1703 9 Greenbacks greenback NNS 34823 1703 10 during during IN 34823 1703 11 this this DT 34823 1703 12 period period NN 34823 1703 13 was be VBD 34823 1703 14 the the DT 34823 1703 15 prospect prospect NN 34823 1703 16 of of IN 34823 1703 17 redemption redemption NN 34823 1703 18 . . . 34823 1704 1 But but CC 34823 1704 2 , , , 34823 1704 3 and and CC 34823 1704 4 here here RB 34823 1704 5 I -PRON- PRP 34823 1704 6 think think VBP 34823 1704 7 we -PRON- PRP 34823 1704 8 see see VBP 34823 1704 9 the the DT 34823 1704 10 influence influence NN 34823 1704 11 of of IN 34823 1704 12 the the DT 34823 1704 13 money money NN 34823 1704 14 - - HYPH 34823 1704 15 use use NN 34823 1704 16 , , , 34823 1704 17 the the DT 34823 1704 18 discount discount NN 34823 1704 19 was be VBD 34823 1704 20 not not RB 34823 1704 21 as as RB 34823 1704 22 great great JJ 34823 1704 23 as as IN 34823 1704 24 would would MD 34823 1704 25 have have VB 34823 1704 26 been be VBN 34823 1704 27 called call VBN 34823 1704 28 for for IN 34823 1704 29 by by IN 34823 1704 30 the the DT 34823 1704 31 prevailing prevail VBG 34823 1704 32 rate rate NN 34823 1704 33 of of IN 34823 1704 34 interest interest NN 34823 1704 35 , , , 34823 1704 36 as as IN 34823 1704 37 measured measure VBN 34823 1704 38 by by IN 34823 1704 39 the the DT 34823 1704 40 yield yield NN 34823 1704 41 on on IN 34823 1704 42 other other JJ 34823 1704 43 obligations obligation NNS 34823 1704 44 of of IN 34823 1704 45 the the DT 34823 1704 46 Federal Federal NNP 34823 1704 47 Government Government NNP 34823 1704 48 , , , 34823 1704 49 at at IN 34823 1704 50 this this DT 34823 1704 51 time time NN 34823 1704 52 . . . 34823 1705 1 And and CC 34823 1705 2 the the DT 34823 1705 3 discount discount NN 34823 1705 4 completely completely RB 34823 1705 5 disappeared disappear VBD 34823 1705 6 some some DT 34823 1705 7 little little JJ 34823 1705 8 time time NN 34823 1705 9 before before IN 34823 1705 10 the the DT 34823 1705 11 actual actual JJ 34823 1705 12 redemption redemption NN 34823 1705 13 . . . 34823 1706 1 I -PRON- PRP 34823 1706 2 see see VBP 34823 1706 3 no no DT 34823 1706 4 cause cause NN 34823 1706 5 for for IN 34823 1706 6 the the DT 34823 1706 7 absence absence NN 34823 1706 8 of of IN 34823 1706 9 a a DT 34823 1706 10 discount discount NN 34823 1706 11 in in IN 34823 1706 12 the the DT 34823 1706 13 later later JJ 34823 1706 14 months month NNS 34823 1706 15 of of IN 34823 1706 16 1878 1878 CD 34823 1706 17 except except IN 34823 1706 18 the the DT 34823 1706 19 additional additional JJ 34823 1706 20 value value NN 34823 1706 21 which which WDT 34823 1706 22 came come VBD 34823 1706 23 from from IN 34823 1706 24 the the DT 34823 1706 25 money money NN 34823 1706 26 use use NN 34823 1706 27 . . . 34823 1707 1 This this DT 34823 1707 2 additional additional JJ 34823 1707 3 value value NN 34823 1707 4 is be VBZ 34823 1707 5 , , , 34823 1707 6 ordinarily ordinarily RB 34823 1707 7 , , , 34823 1707 8 not not RB 34823 1707 9 very very RB 34823 1707 10 great great JJ 34823 1707 11 . . . 34823 1708 1 And and CC 34823 1708 2 money money NN 34823 1708 3 is be VBZ 34823 1708 4 not not RB 34823 1708 5 alone alone RB 34823 1708 6 in in IN 34823 1708 7 possessing possess VBG 34823 1708 8 it -PRON- PRP 34823 1708 9 . . . 34823 1709 1 In in IN 34823 1709 2 extraordinary extraordinary JJ 34823 1709 3 circumstances circumstance NNS 34823 1709 4 it -PRON- PRP 34823 1709 5 may may MD 34823 1709 6 become become VB 34823 1709 7 quite quite RB 34823 1709 8 large large JJ 34823 1709 9 . . . 34823 1710 1 Thus thus RB 34823 1710 2 , , , 34823 1710 3 in in IN 34823 1710 4 1873 1873 CD 34823 1710 5 , , , 34823 1710 6 in in IN 34823 1710 7 the the DT 34823 1710 8 midst midst NN 34823 1710 9 of of IN 34823 1710 10 the the DT 34823 1710 11 panic panic NN 34823 1710 12 , , , 34823 1710 13 the the DT 34823 1710 14 gold gold JJ 34823 1710 15 premium premium NN 34823 1710 16 fell fall VBD 34823 1710 17 sharply sharply RB 34823 1710 18 . . . 34823 1711 1 At at IN 34823 1711 2 this this DT 34823 1711 3 time time NN 34823 1711 4 the the DT 34823 1711 5 significance significance NN 34823 1711 6 of of IN 34823 1711 7 the the DT 34823 1711 8 Greenbacks greenback NNS 34823 1711 9 as as IN 34823 1711 10 a a DT 34823 1711 11 legal legal JJ 34823 1711 12 tender tender NN 34823 1711 13 , , , 34823 1711 14 a a DT 34823 1711 15 means means NN 34823 1711 16 of of IN 34823 1711 17 final final JJ 34823 1711 18 payment payment NN 34823 1711 19 of of IN 34823 1711 20 obligations obligation NNS 34823 1711 21 ( ( -LRB- 34823 1711 22 _ _ NNP 34823 1711 23 Zahlungs_- Zahlungs_- NNP 34823 1711 24 or or CC 34823 1711 25 _ _ NNP 34823 1711 26 Solutions Solutions NNP 34823 1711 27 - - HYPH 34823 1711 28 mittel mittel NNP 34823 1711 29 _ _ NNP 34823 1711 30 ) ) -RRB- 34823 1711 31 , , , 34823 1711 32 as as IN 34823 1711 33 distinguished distinguish VBN 34823 1711 34 from from IN 34823 1711 35 medium medium NN 34823 1711 36 of of IN 34823 1711 37 exchange exchange NN 34823 1711 38 ( ( -LRB- 34823 1711 39 _ _ NNP 34823 1711 40 Tauschmittel Tauschmittel NNP 34823 1711 41 _ _ NNP 34823 1711 42 ) ) -RRB- 34823 1711 43 , , , 34823 1711 44 attained attain VBD 34823 1711 45 an an DT 34823 1711 46 unusual unusual JJ 34823 1711 47 significance significance NN 34823 1711 48 . . . 34823 1712 1 In in IN 34823 1712 2 ordinary ordinary JJ 34823 1712 3 times time NNS 34823 1712 4 , , , 34823 1712 5 the the DT 34823 1712 6 marginal marginal JJ 34823 1712 7 value value NN 34823 1712 8 of of IN 34823 1712 9 this this DT 34823 1712 10 function function NN 34823 1712 11 of of IN 34823 1712 12 money money NN 34823 1712 13 sinks sink NNS 34823 1712 14 to to IN 34823 1712 15 zero zero CD 34823 1712 16 , , , 34823 1712 17 but but CC 34823 1712 18 in in IN 34823 1712 19 emergencies emergency NNS 34823 1712 20 it -PRON- PRP 34823 1712 21 may may MD 34823 1712 22 become become VB 34823 1712 23 very very RB 34823 1712 24 great great JJ 34823 1712 25 . . . 34823 1713 1 In in IN 34823 1713 2 ordinary ordinary JJ 34823 1713 3 times time NNS 34823 1713 4 , , , 34823 1713 5 during during IN 34823 1713 6 the the DT 34823 1713 7 Greenback Greenback NNP 34823 1713 8 period period NN 34823 1713 9 , , , 34823 1713 10 uncoined uncoine VBD 34823 1713 11 gold gold NN 34823 1713 12 bullion bullion NN 34823 1713 13 , , , 34823 1713 14 or or CC 34823 1713 15 gold gold NN 34823 1713 16 coin coin NN 34823 1713 17 used use VBN 34823 1713 18 , , , 34823 1713 19 not not RB 34823 1713 20 as as IN 34823 1713 21 money money NN 34823 1713 22 , , , 34823 1713 23 but but CC 34823 1713 24 simply simply RB 34823 1713 25 by by IN 34823 1713 26 weight weight NN 34823 1713 27 in in IN 34823 1713 28 exchanges exchange NNS 34823 1713 29 , , , 34823 1713 30 played play VBD 34823 1713 31 an an DT 34823 1713 32 important important JJ 34823 1713 33 rôle rôle NN 34823 1713 34 , , , 34823 1713 35 competing compete VBG 34823 1713 36 with with IN 34823 1713 37 the the DT 34823 1713 38 Greenbacks greenback NNS 34823 1713 39 in in IN 34823 1713 40 various various JJ 34823 1713 41 employments employment NNS 34823 1713 42 , , , 34823 1713 43 particularly particularly RB 34823 1713 44 as as IN 34823 1713 45 bank bank NN 34823 1713 46 reserves reserve NNS 34823 1713 47 , , , 34823 1713 48 and and CC 34823 1713 49 as as IN 34823 1713 50 secondary secondary JJ 34823 1713 51 bank bank NN 34823 1713 52 reserves reserve NNS 34823 1713 53 , , , 34823 1713 54 and and CC 34823 1713 55 so so RB 34823 1713 56 reducing reduce VBG 34823 1713 57 the the DT 34823 1713 58 marginal marginal JJ 34823 1713 59 value value NN 34823 1713 60 of of IN 34823 1713 61 the the DT 34823 1713 62 money money NN 34823 1713 63 - - HYPH 34823 1713 64 employment employment NN 34823 1713 65 of of IN 34823 1713 66 the the DT 34823 1713 67 Greenbacks greenback NNS 34823 1713 68 themselves -PRON- PRP 34823 1713 69 . . . 34823 1714 1 Gold gold NN 34823 1714 2 bullion bullion NN 34823 1714 3 is be VBZ 34823 1714 4 not not RB 34823 1714 5 the the DT 34823 1714 6 only only JJ 34823 1714 7 thing thing NN 34823 1714 8 which which WDT 34823 1714 9 can can MD 34823 1714 10 thus thus RB 34823 1714 11 serve serve VB 34823 1714 12 , , , 34823 1714 13 however however RB 34823 1714 14 . . . 34823 1715 1 To to NN 34823 1715 2 - - HYPH 34823 1715 3 day day NN 34823 1715 4 , , , 34823 1715 5 and and CC 34823 1715 6 generally generally RB 34823 1715 7 , , , 34823 1715 8 securities security NNS 34823 1715 9 with with IN 34823 1715 10 a a DT 34823 1715 11 wide wide JJ 34823 1715 12 market market NN 34823 1715 13 , , , 34823 1715 14 capable capable JJ 34823 1715 15 of of IN 34823 1715 16 being be VBG 34823 1715 17 turned turn VBD 34823 1715 18 quickly quickly RB 34823 1715 19 into into IN 34823 1715 20 cash cash NN 34823 1715 21 , , , 34823 1715 22 without without IN 34823 1715 23 loss loss NN 34823 1715 24 , , , 34823 1715 25 or or CC 34823 1715 26 capable capable JJ 34823 1715 27 of of IN 34823 1715 28 serving serve VBG 34823 1715 29 as as IN 34823 1715 30 the the DT 34823 1715 31 basis basis NN 34823 1715 32 of of IN 34823 1715 33 collateral collateral JJ 34823 1715 34 loans loan NNS 34823 1715 35 , , , 34823 1715 36 up up IN 34823 1715 37 to to IN 34823 1715 38 a a DT 34823 1715 39 high high JJ 34823 1715 40 percentage percentage NN 34823 1715 41 of of IN 34823 1715 42 their -PRON- PRP$ 34823 1715 43 value value NN 34823 1715 44 , , , 34823 1715 45 have have VBP 34823 1715 46 a a DT 34823 1715 47 much much RB 34823 1715 48 higher high JJR 34823 1715 49 value value NN 34823 1715 50 , , , 34823 1715 51 for for IN 34823 1715 52 a a DT 34823 1715 53 given give VBN 34823 1715 54 yield yield NN 34823 1715 55 , , , 34823 1715 56 than than IN 34823 1715 57 have have VBP 34823 1715 58 other other JJ 34823 1715 59 securities security NNS 34823 1715 60 , , , 34823 1715 61 equally equally RB 34823 1715 62 safe safe JJ 34823 1715 63 , , , 34823 1715 64 but but CC 34823 1715 65 less less RBR 34823 1715 66 well well RB 34823 1715 67 - - HYPH 34823 1715 68 known know VBN 34823 1715 69 and and CC 34823 1715 70 less less RBR 34823 1715 71 easily easily RB 34823 1715 72 saleable saleable JJ 34823 1715 73 . . . 34823 1716 1 The the DT 34823 1716 2 " " `` 34823 1716 3 one one CD 34823 1716 4 - - HYPH 34823 1716 5 house house NN 34823 1716 6 bond bond NN 34823 1716 7 " " '' 34823 1716 8 ( ( -LRB- 34823 1716 9 _ _ NNP 34823 1716 10 i i PRP 34823 1716 11 . . . 34823 1717 1 e. e. NNP 34823 1717 2 _ _ NNP 34823 1717 3 , , , 34823 1717 4 the the DT 34823 1717 5 bond bond NN 34823 1717 6 for for IN 34823 1717 7 which which WDT 34823 1717 8 only only RB 34823 1717 9 one one CD 34823 1717 10 banking banking NN 34823 1717 11 house house NN 34823 1717 12 offers offer VBZ 34823 1717 13 a a DT 34823 1717 14 ready ready JJ 34823 1717 15 market market NN 34823 1717 16 ) ) -RRB- 34823 1717 17 must must MD 34823 1717 18 yield yield VB 34823 1717 19 a a DT 34823 1717 20 great great JJ 34823 1717 21 deal deal NN 34823 1717 22 more more RBR 34823 1717 23 to to TO 34823 1717 24 sell sell VB 34823 1717 25 at at IN 34823 1717 26 a a DT 34823 1717 27 given give VBN 34823 1717 28 price price NN 34823 1717 29 than than IN 34823 1717 30 the the DT 34823 1717 31 bond bond NN 34823 1717 32 of of IN 34823 1717 33 equal equal JJ 34823 1717 34 security security NN 34823 1717 35 which which WDT 34823 1717 36 is be VBZ 34823 1717 37 listed list VBN 34823 1717 38 on on IN 34823 1717 39 the the DT 34823 1717 40 exchanges exchange NNS 34823 1717 41 , , , 34823 1717 42 and and CC 34823 1717 43 has have VBZ 34823 1717 44 a a DT 34823 1717 45 wide wide JJ 34823 1717 46 market market NN 34823 1717 47 . . . 34823 1718 1 Part part NN 34823 1718 2 of of IN 34823 1718 3 this this DT 34823 1718 4 is be VBZ 34823 1718 5 in in IN 34823 1718 6 illustration illustration NN 34823 1718 7 of of IN 34823 1718 8 another another DT 34823 1718 9 function function NN 34823 1718 10 of of IN 34823 1718 11 money money NN 34823 1718 12 , , , 34823 1718 13 the the DT 34823 1718 14 " " `` 34823 1718 15 bearer bearer NN 34823 1718 16 of of IN 34823 1718 17 options option NNS 34823 1718 18 " " `` 34823 1718 19 function function NN 34823 1718 20 , , , 34823 1718 21 which which WDT 34823 1718 22 enables enable VBZ 34823 1718 23 the the DT 34823 1718 24 holder holder NN 34823 1718 25 to to TO 34823 1718 26 preserve preserve VB 34823 1718 27 his -PRON- PRP$ 34823 1718 28 wealth wealth NN 34823 1718 29 , , , 34823 1718 30 and and CC 34823 1718 31 at at IN 34823 1718 32 the the DT 34823 1718 33 same same JJ 34823 1718 34 time time NN 34823 1718 35 keep keep VB 34823 1718 36 options option NNS 34823 1718 37 for for IN 34823 1718 38 increasing increase VBG 34823 1718 39 its -PRON- PRP$ 34823 1718 40 amount amount NN 34823 1718 41 when when WRB 34823 1718 42 bargains bargain NNS 34823 1718 43 appear appear VBP 34823 1718 44 in in IN 34823 1718 45 the the DT 34823 1718 46 market market NN 34823 1718 47 . . . 34823 1719 1 Foreign foreign JJ 34823 1719 2 exchange exchange NN 34823 1719 3 performs perform VBZ 34823 1719 4 many many JJ 34823 1719 5 of of IN 34823 1719 6 these these DT 34823 1719 7 functions function NNS 34823 1719 8 of of IN 34823 1719 9 money money NN 34823 1719 10 in in IN 34823 1719 11 European european JJ 34823 1719 12 countries country NNS 34823 1719 13 , , , 34823 1719 14 particularly particularly RB 34823 1719 15 Austria Austria NNP 34823 1719 16 - - HYPH 34823 1719 17 Hungary Hungary NNP 34823 1719 18 . . . 34823 1720 1 [ [ -LRB- 34823 1720 2 127 127 CD 34823 1720 3 ] ] -RRB- 34823 1720 4 The the DT 34823 1720 5 notion notion NN 34823 1720 6 that that IN 34823 1720 7 the the DT 34823 1720 8 whole whole JJ 34823 1720 9 value value NN 34823 1720 10 of of IN 34823 1720 11 gold gold JJ 34823 1720 12 coin coin NN 34823 1720 13 rests rest NNS 34823 1720 14 on on IN 34823 1720 15 its -PRON- PRP$ 34823 1720 16 bullion bullion NN 34823 1720 17 content content NN 34823 1720 18 arises arise VBZ 34823 1720 19 most most RBS 34823 1720 20 easily easily RB 34823 1720 21 in in IN 34823 1720 22 a a DT 34823 1720 23 situation situation NN 34823 1720 24 where where WRB 34823 1720 25 free free JJ 34823 1720 26 coinage coinage NN 34823 1720 27 has have VBZ 34823 1720 28 long long RB 34823 1720 29 been be VBN 34823 1720 30 practiced practice VBN 34823 1720 31 , , , 34823 1720 32 and and CC 34823 1720 33 where where WRB 34823 1720 34 there there EX 34823 1720 35 are be VBP 34823 1720 36 no no DT 34823 1720 37 legal legal JJ 34823 1720 38 obstacles obstacle NNS 34823 1720 39 to to IN 34823 1720 40 the the DT 34823 1720 41 melting melting NN 34823 1720 42 down down RP 34823 1720 43 of of IN 34823 1720 44 coin coin NN 34823 1720 45 for for IN 34823 1720 46 other other JJ 34823 1720 47 uses use NNS 34823 1720 48 . . . 34823 1721 1 Where where WRB 34823 1721 2 free free JJ 34823 1721 3 coinage coinage NN 34823 1721 4 is be VBZ 34823 1721 5 suspended suspend VBN 34823 1721 6 , , , 34823 1721 7 the the DT 34823 1721 8 peculiar peculiar JJ 34823 1721 9 services service NNS 34823 1721 10 which which WDT 34823 1721 11 only only RB 34823 1721 12 money money NN 34823 1721 13 can can MD 34823 1721 14 perform perform VB 34823 1721 15 -- -- : 34823 1721 16 or or CC 34823 1721 17 rather rather RB 34823 1721 18 , , , 34823 1721 19 the the DT 34823 1721 20 services service NNS 34823 1721 21 which which WDT 34823 1721 22 money money NN 34823 1721 23 has have VBZ 34823 1721 24 a a DT 34823 1721 25 differential differential JJ 34823 1721 26 advantage advantage NN 34823 1721 27 in in IN 34823 1721 28 performing performing NN 34823 1721 29 -- -- : 34823 1721 30 may may MD 34823 1721 31 easily easily RB 34823 1721 32 lead lead VB 34823 1721 33 to to IN 34823 1721 34 an an DT 34823 1721 35 agio agio NN 34823 1721 36 for for IN 34823 1721 37 coined coin VBN 34823 1721 38 over over IN 34823 1721 39 uncoined uncoined JJ 34823 1721 40 metal metal NN 34823 1721 41 . . . 34823 1722 1 The the DT 34823 1722 2 mere mere JJ 34823 1722 3 fact fact NN 34823 1722 4 that that IN 34823 1722 5 coined coin VBD 34823 1722 6 metal metal NN 34823 1722 7 is be VBZ 34823 1722 8 of of IN 34823 1722 9 a a DT 34823 1722 10 definite definite JJ 34823 1722 11 fineness fineness NN 34823 1722 12 well well RB 34823 1722 13 known know VBN 34823 1722 14 and and CC 34823 1722 15 attested attest VBN 34823 1722 16 is be VBZ 34823 1722 17 often often RB 34823 1722 18 of of IN 34823 1722 19 some some DT 34823 1722 20 consequence consequence NN 34823 1722 21 , , , 34823 1722 22 though though IN 34823 1722 23 the the DT 34823 1722 24 attestation attestation NN 34823 1722 25 of of IN 34823 1722 26 well well RB 34823 1722 27 - - HYPH 34823 1722 28 known know VBN 34823 1722 29 jewelers jeweler NNS 34823 1722 30 may may MD 34823 1722 31 give give VB 34823 1722 32 this this DT 34823 1722 33 advantage advantage NN 34823 1722 34 to to TO 34823 1722 35 metal metal VB 34823 1722 36 bars bar NNS 34823 1722 37 as as RB 34823 1722 38 well well RB 34823 1722 39 , , , 34823 1722 40 for for IN 34823 1722 41 large large JJ 34823 1722 42 transactions transaction NNS 34823 1722 43 . . . 34823 1723 1 But but CC 34823 1723 2 for for IN 34823 1723 3 smaller small JJR 34823 1723 4 transactions transaction NNS 34823 1723 5 , , , 34823 1723 6 nothing nothing NN 34823 1723 7 can can MD 34823 1723 8 easily easily RB 34823 1723 9 take take VB 34823 1723 10 the the DT 34823 1723 11 place place NN 34823 1723 12 of of IN 34823 1723 13 money money NN 34823 1723 14 . . . 34823 1724 1 A a DT 34823 1724 2 high high JJ 34823 1724 3 premium premium NN 34823 1724 4 on on IN 34823 1724 5 small small JJ 34823 1724 6 coins coin NNS 34823 1724 7 , , , 34823 1724 8 apart apart RB 34823 1724 9 from from IN 34823 1724 10 redemption redemption NN 34823 1724 11 in in IN 34823 1724 12 standard standard JJ 34823 1724 13 money money NN 34823 1724 14 , , , 34823 1724 15 may may MD 34823 1724 16 easily easily RB 34823 1724 17 arise arise VB 34823 1724 18 from from IN 34823 1724 19 the the DT 34823 1724 20 money money NN 34823 1724 21 - - HYPH 34823 1724 22 use use NN 34823 1724 23 alone alone JJ 34823 1724 24 . . . 34823 1725 1 And and CC 34823 1725 2 standard standard JJ 34823 1725 3 coin coin NN 34823 1725 4 may may MD 34823 1725 5 well well RB 34823 1725 6 attain attain VB 34823 1725 7 , , , 34823 1725 8 in in IN 34823 1725 9 greater great JJR 34823 1725 10 or or CC 34823 1725 11 less less JJR 34823 1725 12 degree degree NN 34823 1725 13 , , , 34823 1725 14 a a DT 34823 1725 15 premium premium NN 34823 1725 16 . . . 34823 1726 1 If if IN 34823 1726 2 it -PRON- PRP 34823 1726 3 is be VBZ 34823 1726 4 scarce scarce JJ 34823 1726 5 , , , 34823 1726 6 as as IN 34823 1726 7 compared compare VBN 34823 1726 8 with with IN 34823 1726 9 the the DT 34823 1726 10 amount amount NN 34823 1726 11 of of IN 34823 1726 12 business business NN 34823 1726 13 to to TO 34823 1726 14 be be VB 34823 1726 15 done do VBN 34823 1726 16 , , , 34823 1726 17 this this DT 34823 1726 18 premium premium NN 34823 1726 19 may may MD 34823 1726 20 well well RB 34823 1726 21 be be VB 34823 1726 22 greater great JJR 34823 1726 23 than than IN 34823 1726 24 if if IN 34823 1726 25 it -PRON- PRP 34823 1726 26 is be VBZ 34823 1726 27 abundant abundant JJ 34823 1726 28 . . . 34823 1727 1 But but CC 34823 1727 2 that that IN 34823 1727 3 an an DT 34823 1727 4 indefinite indefinite JJ 34823 1727 5 premium premium NN 34823 1727 6 is be VBZ 34823 1727 7 possible possible JJ 34823 1727 8 , , , 34823 1727 9 or or CC 34823 1727 10 that that IN 34823 1727 11 this this DT 34823 1727 12 premium premium NN 34823 1727 13 varies vary VBZ 34823 1727 14 exactly exactly RB 34823 1727 15 and and CC 34823 1727 16 inversely inversely RB 34823 1727 17 with with IN 34823 1727 18 the the DT 34823 1727 19 quantity quantity NN 34823 1727 20 , , , 34823 1727 21 I -PRON- PRP 34823 1727 22 see see VBP 34823 1727 23 no no DT 34823 1727 24 reason reason NN 34823 1727 25 at at RB 34823 1727 26 all all RB 34823 1727 27 for for IN 34823 1727 28 supposing supposing NN 34823 1727 29 . . . 34823 1728 1 If if IN 34823 1728 2 the the DT 34823 1728 3 premium premium NN 34823 1728 4 be be VBP 34823 1728 5 great great JJ 34823 1728 6 enough enough RB 34823 1728 7 , , , 34823 1728 8 men man NNS 34823 1728 9 , , , 34823 1728 10 especially especially RB 34823 1728 11 in in IN 34823 1728 12 large large JJ 34823 1728 13 transactions transaction NNS 34823 1728 14 , , , 34823 1728 15 will will MD 34823 1728 16 make make VB 34823 1728 17 use use NN 34823 1728 18 of of IN 34823 1728 19 the the DT 34823 1728 20 uncoined uncoined JJ 34823 1728 21 metal metal NN 34823 1728 22 -- -- : 34823 1728 23 just just RB 34823 1728 24 as as IN 34823 1728 25 they -PRON- PRP 34823 1728 26 did do VBD 34823 1728 27 use use VB 34823 1728 28 gold gold NN 34823 1728 29 in in IN 34823 1728 30 this this DT 34823 1728 31 country country NN 34823 1728 32 during during IN 34823 1728 33 the the DT 34823 1728 34 Greenback Greenback NNP 34823 1728 35 period period NN 34823 1728 36 . . . 34823 1729 1 The the DT 34823 1729 2 advantages advantage NNS 34823 1729 3 of of IN 34823 1729 4 money money NN 34823 1729 5 are be VBP 34823 1729 6 not not RB 34823 1729 7 absolute absolute JJ 34823 1729 8 . . . 34823 1730 1 Money money NN 34823 1730 2 is be VBZ 34823 1730 3 simply simply RB 34823 1730 4 more more RBR 34823 1730 5 convenient convenient JJ 34823 1730 6 for for IN 34823 1730 7 many many JJ 34823 1730 8 purposes purpose NNS 34823 1730 9 than than IN 34823 1730 10 other other JJ 34823 1730 11 things thing NNS 34823 1730 12 . . . 34823 1731 1 The the DT 34823 1731 2 possibility possibility NN 34823 1731 3 of of IN 34823 1731 4 a a DT 34823 1731 5 premium premium NN 34823 1731 6 is be VBZ 34823 1731 7 limited limit VBN 34823 1731 8 by by IN 34823 1731 9 the the DT 34823 1731 10 possibility possibility NN 34823 1731 11 of of IN 34823 1731 12 substitutes substitute NNS 34823 1731 13 . . . 34823 1732 1 It -PRON- PRP 34823 1732 2 is be VBZ 34823 1732 3 further further RB 34823 1732 4 limited limit VBN 34823 1732 5 by by IN 34823 1732 6 the the DT 34823 1732 7 fact fact NN 34823 1732 8 that that IN 34823 1732 9 a a DT 34823 1732 10 high high JJ 34823 1732 11 premium premium NN 34823 1732 12 would would MD 34823 1732 13 awaken awaken VB 34823 1732 14 a a DT 34823 1732 15 distrust distrust NN 34823 1732 16 which which WDT 34823 1732 17 would would MD 34823 1732 18 bring bring VB 34823 1732 19 the the DT 34823 1732 20 premium premium NN 34823 1732 21 to to IN 34823 1732 22 destruction destruction NN 34823 1732 23 , , , 34823 1732 24 by by IN 34823 1732 25 destroying destroy VBG 34823 1732 26 trade trade NN 34823 1732 27 , , , 34823 1732 28 and and CC 34823 1732 29 so so RB 34823 1732 30 destroying destroy VBG 34823 1732 31 the the DT 34823 1732 32 money money NN 34823 1732 33 - - HYPH 34823 1732 34 use use NN 34823 1732 35 on on IN 34823 1732 36 which which WDT 34823 1732 37 the the DT 34823 1732 38 premium premium NN 34823 1732 39 is be VBZ 34823 1732 40 based base VBN 34823 1732 41 . . . 34823 1733 1 A a DT 34823 1733 2 detailed detailed JJ 34823 1733 3 discussion discussion NN 34823 1733 4 of of IN 34823 1733 5 the the DT 34823 1733 6 Indian Indian NNP 34823 1733 7 Rupee Rupee NNP 34823 1733 8 since since IN 34823 1733 9 1893 1893 CD 34823 1733 10 lies lie NNS 34823 1733 11 outside outside IN 34823 1733 12 the the DT 34823 1733 13 scope scope NN 34823 1733 14 of of IN 34823 1733 15 this this DT 34823 1733 16 chapter chapter NN 34823 1733 17 . . . 34823 1734 1 I -PRON- PRP 34823 1734 2 think think VBP 34823 1734 3 it -PRON- PRP 34823 1734 4 may may MD 34823 1734 5 be be VB 34823 1734 6 well well RB 34823 1734 7 , , , 34823 1734 8 however however RB 34823 1734 9 , , , 34823 1734 10 to to TO 34823 1734 11 recognize recognize VB 34823 1734 12 at at IN 34823 1734 13 this this DT 34823 1734 14 point point NN 34823 1734 15 that that IN 34823 1734 16 the the DT 34823 1734 17 limitation limitation NN 34823 1734 18 in in IN 34823 1734 19 the the DT 34823 1734 20 quantity quantity NN 34823 1734 21 of of IN 34823 1734 22 the the DT 34823 1734 23 rupee rupee NNP 34823 1734 24 , , , 34823 1734 25 through through IN 34823 1734 26 abrogation abrogation NN 34823 1734 27 of of IN 34823 1734 28 free free JJ 34823 1734 29 coinage coinage NN 34823 1734 30 , , , 34823 1734 31 was be VBD 34823 1734 32 a a DT 34823 1734 33 factor factor NN 34823 1734 34 in in IN 34823 1734 35 the the DT 34823 1734 36 subsequent subsequent JJ 34823 1734 37 rise rise NN 34823 1734 38 in in IN 34823 1734 39 its -PRON- PRP$ 34823 1734 40 value value NN 34823 1734 41 . . . 34823 1735 1 It -PRON- PRP 34823 1735 2 was be VBD 34823 1735 3 not not RB 34823 1735 4 the the DT 34823 1735 5 only only JJ 34823 1735 6 factor factor NN 34823 1735 7 , , , 34823 1735 8 by by IN 34823 1735 9 any any DT 34823 1735 10 means mean NNS 34823 1735 11 . . . 34823 1736 1 But but CC 34823 1736 2 it -PRON- PRP 34823 1736 3 was be VBD 34823 1736 4 a a DT 34823 1736 5 factor factor NN 34823 1736 6 . . . 34823 1737 1 It -PRON- PRP 34823 1737 2 may may MD 34823 1737 3 be be VB 34823 1737 4 also also RB 34823 1737 5 recognized recognize VBN 34823 1737 6 as as IN 34823 1737 7 a a DT 34823 1737 8 factor factor NN 34823 1737 9 in in IN 34823 1737 10 the the DT 34823 1737 11 value value NN 34823 1737 12 of of IN 34823 1737 13 Austrian austrian JJ 34823 1737 14 paper paper NN 34823 1737 15 money money NN 34823 1737 16 . . . 34823 1738 1 The the DT 34823 1738 2 doctrine doctrine NN 34823 1738 3 just just RB 34823 1738 4 laid lay VBD 34823 1738 5 down down RP 34823 1738 6 , , , 34823 1738 7 as as IN 34823 1738 8 to to IN 34823 1738 9 the the DT 34823 1738 10 influence influence NN 34823 1738 11 of of IN 34823 1738 12 the the DT 34823 1738 13 money money NN 34823 1738 14 - - HYPH 34823 1738 15 use use NN 34823 1738 16 in in IN 34823 1738 17 adding add VBG 34823 1738 18 to to IN 34823 1738 19 the the DT 34823 1738 20 value value NN 34823 1738 21 of of IN 34823 1738 22 money money NN 34823 1738 23 , , , 34823 1738 24 is be VBZ 34823 1738 25 in in IN 34823 1738 26 no no DT 34823 1738 27 sense sense NN 34823 1738 28 the the DT 34823 1738 29 same same JJ 34823 1738 30 as as IN 34823 1738 31 the the DT 34823 1738 32 quantity quantity NN 34823 1738 33 theory theory NN 34823 1738 34 . . . 34823 1739 1 For for IN 34823 1739 2 one one CD 34823 1739 3 thing thing NN 34823 1739 4 , , , 34823 1739 5 it -PRON- PRP 34823 1739 6 is be VBZ 34823 1739 7 easily easily RB 34823 1739 8 demonstrated demonstrate VBN 34823 1739 9 that that IN 34823 1739 10 the the DT 34823 1739 11 value value NN 34823 1739 12 - - HYPH 34823 1739 13 curve curve NN 34823 1739 14 for for IN 34823 1739 15 the the DT 34823 1739 16 uses use NNS 34823 1739 17 of of IN 34823 1739 18 money money NN 34823 1739 19 is be VBZ 34823 1739 20 not not RB 34823 1739 21 described describe VBN 34823 1739 22 by by IN 34823 1739 23 the the DT 34823 1739 24 equation equation NN 34823 1739 25 , , , 34823 1739 26 _ _ NNP 34823 1739 27 xy xy NNP 34823 1739 28 _ _ NNP 34823 1739 29 = = SYM 34823 1739 30 _ _ NNP 34823 1739 31 c c NNP 34823 1739 32 _ _ NNP 34823 1739 33 . . . 34823 1740 1 This this DT 34823 1740 2 curve curve NN 34823 1740 3 expresses express VBZ 34823 1740 4 , , , 34823 1740 5 in in IN 34823 1740 6 terms term NNS 34823 1740 7 of of IN 34823 1740 8 value value NN 34823 1740 9 , , , 34823 1740 10 the the DT 34823 1740 11 idea idea NN 34823 1740 12 of of IN 34823 1740 13 proportionality proportionality NN 34823 1740 14 which which WDT 34823 1740 15 is be VBZ 34823 1740 16 an an DT 34823 1740 17 essential essential JJ 34823 1740 18 part part NN 34823 1740 19 of of IN 34823 1740 20 the the DT 34823 1740 21 quantity quantity NN 34823 1740 22 theory theory NN 34823 1740 23 . . . 34823 1741 1 Put put VB 34823 1741 2 in in RP 34823 1741 3 terms term NNS 34823 1741 4 of of IN 34823 1741 5 the the DT 34823 1741 6 money money NN 34823 1741 7 market market NN 34823 1741 8 , , , 34823 1741 9 we -PRON- PRP 34823 1741 10 have have VBP 34823 1741 11 a a DT 34823 1741 12 demand demand NN 34823 1741 13 - - HYPH 34823 1741 14 curve curve NN 34823 1741 15 for for IN 34823 1741 16 money money NN 34823 1741 17 , , , 34823 1741 18 not not RB 34823 1741 19 for for IN 34823 1741 20 the the DT 34823 1741 21 long long JJ 34823 1741 22 - - HYPH 34823 1741 23 time time NN 34823 1741 24 possession possession NN 34823 1741 25 of of IN 34823 1741 26 money money NN 34823 1741 27 , , , 34823 1741 28 but but CC 34823 1741 29 for for IN 34823 1741 30 its -PRON- PRP$ 34823 1741 31 temporary temporary JJ 34823 1741 32 use use NN 34823 1741 33 -- -- : 34823 1741 34 a a DT 34823 1741 35 rental rental NN 34823 1741 36 , , , 34823 1741 37 rather rather RB 34823 1741 38 than than IN 34823 1741 39 a a DT 34823 1741 40 capital capital NN 34823 1741 41 value value NN 34823 1741 42 , , , 34823 1741 43 is be VBZ 34823 1741 44 expressed express VBN 34823 1741 45 in in IN 34823 1741 46 the the DT 34823 1741 47 price price NN 34823 1741 48 which which WDT 34823 1741 49 this this DT 34823 1741 50 curve curve NN 34823 1741 51 helps help VBZ 34823 1741 52 to to TO 34823 1741 53 determine determine VB 34823 1741 54 . . . 34823 1742 1 This this DT 34823 1742 2 curve curve NN 34823 1742 3 is be VBZ 34823 1742 4 highly highly RB 34823 1742 5 elastic elastic JJ 34823 1742 6 . . . 34823 1743 1 When when WRB 34823 1743 2 money money NN 34823 1743 3 - - HYPH 34823 1743 4 rates rate NNS 34823 1743 5 are be VBP 34823 1743 6 low low JJ 34823 1743 7 , , , 34823 1743 8 transactions transaction NNS 34823 1743 9 will will MD 34823 1743 10 be be VB 34823 1743 11 undertaken undertake VBN 34823 1743 12 which which WDT 34823 1743 13 will will MD 34823 1743 14 not not RB 34823 1743 15 be be VB 34823 1743 16 undertaken undertake VBN 34823 1743 17 when when WRB 34823 1743 18 the the DT 34823 1743 19 rate rate NN 34823 1743 20 is be VBZ 34823 1743 21 a a DT 34823 1743 22 little little JJ 34823 1743 23 higher high JJR 34823 1743 24 . . . 34823 1744 1 In in IN 34823 1744 2 the the DT 34823 1744 3 second second JJ 34823 1744 4 place place NN 34823 1744 5 , , , 34823 1744 6 the the DT 34823 1744 7 method method NN 34823 1744 8 of of IN 34823 1744 9 approach approach NN 34823 1744 10 is be VBZ 34823 1744 11 very very RB 34823 1744 12 different different JJ 34823 1744 13 . . . 34823 1745 1 It -PRON- PRP 34823 1745 2 is be VBZ 34823 1745 3 not not RB 34823 1745 4 the the DT 34823 1745 5 whole whole JJ 34823 1745 6 volume volume NN 34823 1745 7 of of IN 34823 1745 8 transactions transaction NNS 34823 1745 9 which which WDT 34823 1745 10 must must MD 34823 1745 11 employ employ VB 34823 1745 12 money money NN 34823 1745 13 , , , 34823 1745 14 but but CC 34823 1745 15 only only RB 34823 1745 16 a a DT 34823 1745 17 flexible flexible JJ 34823 1745 18 part part NN 34823 1745 19 . . . 34823 1746 1 In in IN 34823 1746 2 the the DT 34823 1746 3 third third JJ 34823 1746 4 place place NN 34823 1746 5 , , , 34823 1746 6 the the DT 34823 1746 7 money money NN 34823 1746 8 - - HYPH 34823 1746 9 use use NN 34823 1746 10 is be VBZ 34823 1746 11 here here RB 34823 1746 12 conceived conceive VBN 34823 1746 13 of of IN 34823 1746 14 as as IN 34823 1746 15 a a DT 34823 1746 16 source source NN 34823 1746 17 , , , 34823 1746 18 not not RB 34823 1746 19 of of IN 34823 1746 20 the the DT 34823 1746 21 whole whole JJ 34823 1746 22 value value NN 34823 1746 23 of of IN 34823 1746 24 money money NN 34823 1746 25 , , , 34823 1746 26 but but CC 34823 1746 27 only only RB 34823 1746 28 of of IN 34823 1746 29 a a DT 34823 1746 30 differential differential JJ 34823 1746 31 portion portion NN 34823 1746 32 of of IN 34823 1746 33 that that DT 34823 1746 34 value value NN 34823 1746 35 . . . 34823 1747 1 In in IN 34823 1747 2 the the DT 34823 1747 3 fourth fourth JJ 34823 1747 4 place place NN 34823 1747 5 , , , 34823 1747 6 the the DT 34823 1747 7 argument argument NN 34823 1747 8 runs run VBZ 34823 1747 9 in in IN 34823 1747 10 terms term NNS 34823 1747 11 of of IN 34823 1747 12 the the DT 34823 1747 13 absolute absolute JJ 34823 1747 14 value value NN 34823 1747 15 of of IN 34823 1747 16 money money NN 34823 1747 17 , , , 34823 1747 18 and and CC 34823 1747 19 not not RB 34823 1747 20 in in IN 34823 1747 21 terms term NNS 34823 1747 22 of of IN 34823 1747 23 the the DT 34823 1747 24 level level NN 34823 1747 25 of of IN 34823 1747 26 prices price NNS 34823 1747 27 . . . 34823 1748 1 It -PRON- PRP 34823 1748 2 is be VBZ 34823 1748 3 not not RB 34823 1748 4 the the DT 34823 1748 5 legal legal JJ 34823 1748 6 peculiarity peculiarity NN 34823 1748 7 of of IN 34823 1748 8 money money NN 34823 1748 9 , , , 34823 1748 10 as as IN 34823 1748 11 legal legal JJ 34823 1748 12 tender tender NN 34823 1748 13 , , , 34823 1748 14 which which WDT 34823 1748 15 is be VBZ 34823 1748 16 necessarily necessarily RB 34823 1748 17 responsible responsible JJ 34823 1748 18 for for IN 34823 1748 19 this this DT 34823 1748 20 agio agio NN 34823 1748 21 when when WRB 34823 1748 22 it -PRON- PRP 34823 1748 23 appears appear VBZ 34823 1748 24 . . . 34823 1749 1 In in IN 34823 1749 2 the the DT 34823 1749 3 first first JJ 34823 1749 4 place place NN 34823 1749 5 , , , 34823 1749 6 not not RB 34823 1749 7 all all DT 34823 1749 8 money money NN 34823 1749 9 is be VBZ 34823 1749 10 legal legal JJ 34823 1749 11 tender tender NN 34823 1749 12 . . . 34823 1750 1 In in IN 34823 1750 2 the the DT 34823 1750 3 second second JJ 34823 1750 4 place place NN 34823 1750 5 , , , 34823 1750 6 we -PRON- PRP 34823 1750 7 find find VBP 34823 1750 8 the the DT 34823 1750 9 same same JJ 34823 1750 10 phenomenon phenomenon NN 34823 1750 11 in in IN 34823 1750 12 connection connection NN 34823 1750 13 with with IN 34823 1750 14 " " `` 34823 1750 15 bank bank NN 34823 1750 16 - - HYPH 34823 1750 17 money money NN 34823 1750 18 " " '' 34823 1750 19 at at IN 34823 1750 20 times time NNS 34823 1750 21 -- -- : 34823 1750 22 I -PRON- PRP 34823 1750 23 would would MD 34823 1750 24 refer refer VB 34823 1750 25 especially especially RB 34823 1750 26 to to IN 34823 1750 27 the the DT 34823 1750 28 premium premium NN 34823 1750 29 on on IN 34823 1750 30 the the DT 34823 1750 31 _ _ NNP 34823 1750 32 marc marc NN 34823 1750 33 banko banko NNP 34823 1750 34 _ _ NNP 34823 1750 35 of of IN 34823 1750 36 the the DT 34823 1750 37 Hamburg Hamburg NNP 34823 1750 38 Girobank Girobank NNP 34823 1750 39 . . . 34823 1751 1 ( ( -LRB- 34823 1751 2 _ _ NNP 34823 1751 3 Cf Cf NNP 34823 1751 4 . . . 34823 1751 5 _ _ NNP 34823 1751 6 Knapp Knapp NNP 34823 1751 7 , , , 34823 1751 8 _ _ NNP 34823 1751 9 Staatliche Staatliche NNP 34823 1751 10 Theorie Theorie NNP 34823 1751 11 des des FW 34823 1751 12 Geldes Geldes NNP 34823 1751 13 _ _ NNP 34823 1751 14 , , , 34823 1751 15 p. p. NN 34823 1752 1 136 136 CD 34823 1752 2 . . . 34823 1752 3 ) ) -RRB- 34823 1753 1 The the DT 34823 1753 2 legal legal JJ 34823 1753 3 tender tender NN 34823 1753 4 peculiarity peculiarity NN 34823 1753 5 may may MD 34823 1753 6 , , , 34823 1753 7 however however RB 34823 1753 8 , , , 34823 1753 9 in in IN 34823 1753 10 special special JJ 34823 1753 11 circumstances circumstance NNS 34823 1753 12 be be VB 34823 1753 13 a a DT 34823 1753 14 source source NN 34823 1753 15 of of IN 34823 1753 16 a a DT 34823 1753 17 very very RB 34823 1753 18 considerable considerable JJ 34823 1753 19 temporary temporary JJ 34823 1753 20 agio agio NN 34823 1753 21 . . . 34823 1754 1 It -PRON- PRP 34823 1754 2 is be VBZ 34823 1754 3 possible possible JJ 34823 1754 4 , , , 34823 1754 5 however however RB 34823 1754 6 , , , 34823 1754 7 to to TO 34823 1754 8 frame frame VB 34823 1754 9 a a DT 34823 1754 10 hypothetical hypothetical JJ 34823 1754 11 case case NN 34823 1754 12 in in IN 34823 1754 13 which which WDT 34823 1754 14 , , , 34823 1754 15 barring bar VBG 34823 1754 16 temporary temporary JJ 34823 1754 17 emergencies emergency NNS 34823 1754 18 , , , 34823 1754 19 the the DT 34823 1754 20 money money NN 34823 1754 21 - - HYPH 34823 1754 22 use use NN 34823 1754 23 will will MD 34823 1754 24 add add VB 34823 1754 25 nothing nothing NN 34823 1754 26 to to IN 34823 1754 27 the the DT 34823 1754 28 value value NN 34823 1754 29 of of IN 34823 1754 30 money money NN 34823 1754 31 , , , 34823 1754 32 and and CC 34823 1754 33 in in IN 34823 1754 34 which which WDT 34823 1754 35 the the DT 34823 1754 36 whole whole JJ 34823 1754 37 value value NN 34823 1754 38 of of IN 34823 1754 39 money money NN 34823 1754 40 will will MD 34823 1754 41 come come VB 34823 1754 42 from from IN 34823 1754 43 the the DT 34823 1754 44 value value NN 34823 1754 45 of of IN 34823 1754 46 the the DT 34823 1754 47 commodity commodity NN 34823 1754 48 chosen choose VBN 34823 1754 49 as as IN 34823 1754 50 the the DT 34823 1754 51 standard standard NN 34823 1754 52 of of IN 34823 1754 53 values value NNS 34823 1754 54 . . . 34823 1755 1 Assume assume VB 34823 1755 2 that that IN 34823 1755 3 the the DT 34823 1755 4 standard standard NN 34823 1755 5 of of IN 34823 1755 6 value value NN 34823 1755 7 is be VBZ 34823 1755 8 defined define VBN 34823 1755 9 as as IN 34823 1755 10 a a DT 34823 1755 11 dollar dollar NN 34823 1755 12 , , , 34823 1755 13 which which WDT 34823 1755 14 is be VBZ 34823 1755 15 further further RB 34823 1755 16 defined define VBN 34823 1755 17 as as IN 34823 1755 18 23.22 23.22 CD 34823 1755 19 grains grain NNS 34823 1755 20 of of IN 34823 1755 21 pure pure JJ 34823 1755 22 gold gold NN 34823 1755 23 . . . 34823 1756 1 Assume Assume NNP 34823 1756 2 , , , 34823 1756 3 however however RB 34823 1756 4 , , , 34823 1756 5 that that IN 34823 1756 6 no no DT 34823 1756 7 gold gold NN 34823 1756 8 is be VBZ 34823 1756 9 coined coin VBN 34823 1756 10 . . . 34823 1757 1 Let let VB 34823 1757 2 the the DT 34823 1757 3 circulating circulate VBG 34823 1757 4 money money NN 34823 1757 5 be be VB 34823 1757 6 made make VBN 34823 1757 7 of of IN 34823 1757 8 paper paper NN 34823 1757 9 . . . 34823 1758 1 Let let VB 34823 1758 2 this this DT 34823 1758 3 paper paper NN 34823 1758 4 be be VB 34823 1758 5 redeemable redeemable JJ 34823 1758 6 , , , 34823 1758 7 not not RB 34823 1758 8 in in IN 34823 1758 9 gold gold NN 34823 1758 10 , , , 34823 1758 11 but but CC 34823 1758 12 in in IN 34823 1758 13 silver silver NN 34823 1758 14 , , , 34823 1758 15 at at IN 34823 1758 16 the the DT 34823 1758 17 market market NN 34823 1758 18 ratio ratio NN 34823 1758 19 , , , 34823 1758 20 on on IN 34823 1758 21 the the DT 34823 1758 22 day day NN 34823 1758 23 of of IN 34823 1758 24 redemption redemption NN 34823 1758 25 , , , 34823 1758 26 of of IN 34823 1758 27 silver silver NN 34823 1758 28 to to IN 34823 1758 29 gold gold NN 34823 1758 30 . . . 34823 1759 1 This this DT 34823 1759 2 will will MD 34823 1759 3 mean mean VB 34823 1759 4 that that IN 34823 1759 5 varying vary VBG 34823 1759 6 quantities quantity NNS 34823 1759 7 of of IN 34823 1759 8 silver silver NN 34823 1759 9 will will MD 34823 1759 10 be be VB 34823 1759 11 given give VBN 34823 1759 12 by by IN 34823 1759 13 the the DT 34823 1759 14 redeeming redeem VBG 34823 1759 15 agencies agency NNS 34823 1759 16 for for IN 34823 1759 17 paper paper NN 34823 1759 18 , , , 34823 1759 19 but but CC 34823 1759 20 always always RB 34823 1759 21 just just RB 34823 1759 22 that that DT 34823 1759 23 amount amount NN 34823 1759 24 required require VBN 34823 1759 25 to to TO 34823 1759 26 procure procure VB 34823 1759 27 23.22 23.22 CD 34823 1759 28 grains grain NNS 34823 1759 29 of of IN 34823 1759 30 gold gold NN 34823 1759 31 . . . 34823 1760 1 Let let VB 34823 1760 2 us -PRON- PRP 34823 1760 3 assume assume VB 34823 1760 4 , , , 34823 1760 5 further far RBR 34823 1760 6 , , , 34823 1760 7 that that IN 34823 1760 8 the the DT 34823 1760 9 government government NN 34823 1760 10 issues issue NNS 34823 1760 11 paper paper NN 34823 1760 12 money money NN 34823 1760 13 freely freely RB 34823 1760 14 on on IN 34823 1760 15 receipt receipt NN 34823 1760 16 of of IN 34823 1760 17 the the DT 34823 1760 18 same same JJ 34823 1760 19 amount amount NN 34823 1760 20 of of IN 34823 1760 21 silver silver NN 34823 1760 22 . . . 34823 1761 1 Assume assume VB 34823 1761 2 , , , 34823 1761 3 further far RBR 34823 1761 4 , , , 34823 1761 5 that that IN 34823 1761 6 the the DT 34823 1761 7 government government NN 34823 1761 8 bears bear VBZ 34823 1761 9 the the DT 34823 1761 10 charges charge NNS 34823 1761 11 which which WDT 34823 1761 12 the the DT 34823 1761 13 friction friction NN 34823 1761 14 of of IN 34823 1761 15 such such PDT 34823 1761 16 a a DT 34823 1761 17 system system NN 34823 1761 18 would would MD 34823 1761 19 entail entail VB 34823 1761 20 , , , 34823 1761 21 by by IN 34823 1761 22 opening open VBG 34823 1761 23 numerous numerous JJ 34823 1761 24 centres centre NNS 34823 1761 25 of of IN 34823 1761 26 issue issue NN 34823 1761 27 and and CC 34823 1761 28 redemption redemption NN 34823 1761 29 , , , 34823 1761 30 by by IN 34823 1761 31 providing provide VBG 34823 1761 32 insurance insurance NN 34823 1761 33 against against IN 34823 1761 34 fluctuations fluctuation NNS 34823 1761 35 in in IN 34823 1761 36 the the DT 34823 1761 37 ratio ratio NN 34823 1761 38 of of IN 34823 1761 39 silver silver NN 34823 1761 40 to to IN 34823 1761 41 gold gold NN 34823 1761 42 for for IN 34823 1761 43 a a DT 34823 1761 44 reasonable reasonable JJ 34823 1761 45 time time NN 34823 1761 46 before before IN 34823 1761 47 issue issue NN 34823 1761 48 and and CC 34823 1761 49 after after IN 34823 1761 50 redemption redemption NN 34823 1761 51 , , , 34823 1761 52 meeting meet VBG 34823 1761 53 transportation transportation NN 34823 1761 54 charges charge NNS 34823 1761 55 , , , 34823 1761 56 brokerage brokerage NN 34823 1761 57 fees fee NNS 34823 1761 58 , , , 34823 1761 59 etc etc FW 34823 1761 60 . . . 34823 1762 1 In in IN 34823 1762 2 such such PDT 34823 1762 3 a a DT 34823 1762 4 case case NN 34823 1762 5 , , , 34823 1762 6 the the DT 34823 1762 7 standard standard NN 34823 1762 8 of of IN 34823 1762 9 value value NN 34823 1762 10 would would MD 34823 1762 11 not not RB 34823 1762 12 be be VB 34823 1762 13 used use VBN 34823 1762 14 as as IN 34823 1762 15 money money NN 34823 1762 16 at at RB 34823 1762 17 all all RB 34823 1762 18 . . . 34823 1763 1 It -PRON- PRP 34823 1763 2 would would MD 34823 1763 3 have have VB 34823 1763 4 no no DT 34823 1763 5 greater great JJR 34823 1763 6 value value NN 34823 1763 7 than than IN 34823 1763 8 it -PRON- PRP 34823 1763 9 would would MD 34823 1763 10 if if IN 34823 1763 11 it -PRON- PRP 34823 1763 12 were be VBD 34823 1763 13 not not RB 34823 1763 14 the the DT 34823 1763 15 standard standard NN 34823 1763 16 of of IN 34823 1763 17 value value NN 34823 1763 18 -- -- : 34823 1763 19 abstracting abstract VBG 34823 1763 20 from from IN 34823 1763 21 the the DT 34823 1763 22 fact fact NN 34823 1763 23 that that IN 34823 1763 24 in in IN 34823 1763 25 the the DT 34823 1763 26 one one CD 34823 1763 27 case case NN 34823 1763 28 it -PRON- PRP 34823 1763 29 might may MD 34823 1763 30 be be VB 34823 1763 31 used use VBN 34823 1763 32 in in IN 34823 1763 33 its -PRON- PRP$ 34823 1763 34 uncoined uncoined JJ 34823 1763 35 form form NN 34823 1763 36 as as IN 34823 1763 37 a a DT 34823 1763 38 substitute substitute NN 34823 1763 39 for for IN 34823 1763 40 money money NN 34823 1763 41 more more RBR 34823 1763 42 freely freely RB 34823 1763 43 than than IN 34823 1763 44 in in IN 34823 1763 45 the the DT 34823 1763 46 other other JJ 34823 1763 47 . . . 34823 1764 1 In in IN 34823 1764 2 any any DT 34823 1764 3 case case NN 34823 1764 4 , , , 34823 1764 5 it -PRON- PRP 34823 1764 6 would would MD 34823 1764 7 form form VB 34823 1764 8 no no DT 34823 1764 9 part part NN 34823 1764 10 of of IN 34823 1764 11 the the DT 34823 1764 12 quantity quantity NN 34823 1764 13 of of IN 34823 1764 14 money money NN 34823 1764 15 . . . 34823 1765 1 Its -PRON- PRP$ 34823 1765 2 whole whole JJ 34823 1765 3 value value NN 34823 1765 4 would would MD 34823 1765 5 come come VB 34823 1765 6 from from IN 34823 1765 7 its -PRON- PRP$ 34823 1765 8 commodity commodity NN 34823 1765 9 significance significance NN 34823 1765 10 . . . 34823 1766 1 The the DT 34823 1766 2 value value NN 34823 1766 3 of of IN 34823 1766 4 the the DT 34823 1766 5 paper paper NN 34823 1766 6 money money NN 34823 1766 7 , , , 34823 1766 8 however however RB 34823 1766 9 , , , 34823 1766 10 would would MD 34823 1766 11 be be VB 34823 1766 12 tied tie VBN 34823 1766 13 absolutely absolutely RB 34823 1766 14 to to IN 34823 1766 15 the the DT 34823 1766 16 value value NN 34823 1766 17 of of IN 34823 1766 18 gold gold NN 34823 1766 19 . . . 34823 1767 1 As as IN 34823 1767 2 gold gold NN 34823 1767 3 rose rise VBD 34823 1767 4 in in IN 34823 1767 5 value value NN 34823 1767 6 , , , 34823 1767 7 the the DT 34823 1767 8 paper paper NN 34823 1767 9 money money NN 34823 1767 10 would would MD 34823 1767 11 rise rise VB 34823 1767 12 in in IN 34823 1767 13 value value NN 34823 1767 14 , , , 34823 1767 15 and and CC 34823 1767 16 vice vice NN 34823 1767 17 versa versa RB 34823 1767 18 . . . 34823 1768 1 The the DT 34823 1768 2 quantity quantity NN 34823 1768 3 of of IN 34823 1768 4 money money NN 34823 1768 5 would would MD 34823 1768 6 be be VB 34823 1768 7 absolutely absolutely RB 34823 1768 8 irrelevant irrelevant JJ 34823 1768 9 as as IN 34823 1768 10 affecting affect VBG 34823 1768 11 its -PRON- PRP$ 34823 1768 12 value value NN 34823 1768 13 . . . 34823 1769 1 The the DT 34823 1769 2 quantity quantity NN 34823 1769 3 of of IN 34823 1769 4 silver silver NN 34823 1769 5 would would MD 34823 1769 6 be be VB 34823 1769 7 likewise likewise RB 34823 1769 8 irrelevant irrelevant JJ 34823 1769 9 . . . 34823 1770 1 The the DT 34823 1770 2 causation causation NN 34823 1770 3 as as IN 34823 1770 4 between between IN 34823 1770 5 quantity quantity NN 34823 1770 6 of of IN 34823 1770 7 money money NN 34823 1770 8 and and CC 34823 1770 9 value value NN 34823 1770 10 of of IN 34823 1770 11 money money NN 34823 1770 12 would would MD 34823 1770 13 be be VB 34823 1770 14 exactly exactly RB 34823 1770 15 the the DT 34823 1770 16 reverse reverse NN 34823 1770 17 of of IN 34823 1770 18 that that WDT 34823 1770 19 asserted assert VBN 34823 1770 20 by by IN 34823 1770 21 the the DT 34823 1770 22 quantity quantity NN 34823 1770 23 theory theory NN 34823 1770 24 . . . 34823 1771 1 A a DT 34823 1771 2 high high JJ 34823 1771 3 value value NN 34823 1771 4 of of IN 34823 1771 5 money money NN 34823 1771 6 would would MD 34823 1771 7 mean mean VB 34823 1771 8 lower low JJR 34823 1771 9 prices price NNS 34823 1771 10 . . . 34823 1772 1 With with IN 34823 1772 2 lower low JJR 34823 1772 3 prices price NNS 34823 1772 4 , , , 34823 1772 5 less less JJR 34823 1772 6 money money NN 34823 1772 7 would would MD 34823 1772 8 be be VB 34823 1772 9 needed need VBN 34823 1772 10 to to TO 34823 1772 11 carry carry VB 34823 1772 12 on on RP 34823 1772 13 the the DT 34823 1772 14 business business NN 34823 1772 15 of of IN 34823 1772 16 the the DT 34823 1772 17 country country NN 34823 1772 18 . . . 34823 1773 1 Paper paper NN 34823 1773 2 would would MD 34823 1773 3 then then RB 34823 1773 4 be be VB 34823 1773 5 superabundant superabundant JJ 34823 1773 6 . . . 34823 1774 1 But but CC 34823 1774 2 in in IN 34823 1774 3 that that DT 34823 1774 4 case case NN 34823 1774 5 , , , 34823 1774 6 paper paper NN 34823 1774 7 would would MD 34823 1774 8 rapidly rapidly RB 34823 1774 9 be be VB 34823 1774 10 sent send VBN 34823 1774 11 in in RP 34823 1774 12 for for IN 34823 1774 13 redemption redemption NN 34823 1774 14 , , , 34823 1774 15 and and CC 34823 1774 16 the the DT 34823 1774 17 quantity quantity NN 34823 1774 18 of of IN 34823 1774 19 money money NN 34823 1774 20 would would MD 34823 1774 21 be be VB 34823 1774 22 reduced reduce VBN 34823 1774 23 . . . 34823 1775 1 [ [ -LRB- 34823 1775 2 128 128 CD 34823 1775 3 ] ] -RRB- 34823 1775 4 The the DT 34823 1775 5 value value NN 34823 1775 6 of of IN 34823 1775 7 money money NN 34823 1775 8 would would MD 34823 1775 9 control control VB 34823 1775 10 the the DT 34823 1775 11 quantity quantity NN 34823 1775 12 of of IN 34823 1775 13 money money NN 34823 1775 14 . . . 34823 1776 1 The the DT 34823 1776 2 standard standard NN 34823 1776 3 of of IN 34823 1776 4 value value NN 34823 1776 5 , , , 34823 1776 6 which which WDT 34823 1776 7 was be VBD 34823 1776 8 not not RB 34823 1776 9 the the DT 34823 1776 10 medium medium NN 34823 1776 11 of of IN 34823 1776 12 exchange exchange NN 34823 1776 13 , , , 34823 1776 14 would would MD 34823 1776 15 control control VB 34823 1776 16 the the DT 34823 1776 17 value value NN 34823 1776 18 of of IN 34823 1776 19 money money NN 34823 1776 20 , , , 34823 1776 21 and and CC 34823 1776 22 so so RB 34823 1776 23 the the DT 34823 1776 24 level level NN 34823 1776 25 of of IN 34823 1776 26 prices price NNS 34823 1776 27 , , , 34823 1776 28 in in IN 34823 1776 29 so so RB 34823 1776 30 far far RB 34823 1776 31 as as IN 34823 1776 32 the the DT 34823 1776 33 level level NN 34823 1776 34 of of IN 34823 1776 35 prices price NNS 34823 1776 36 is be VBZ 34823 1776 37 controlled control VBN 34823 1776 38 from from IN 34823 1776 39 the the DT 34823 1776 40 money money NN 34823 1776 41 side side NN 34823 1776 42 . . . 34823 1777 1 In in IN 34823 1777 2 this this DT 34823 1777 3 hypothetical hypothetical JJ 34823 1777 4 illustration illustration NN 34823 1777 5 , , , 34823 1777 6 we -PRON- PRP 34823 1777 7 have have VBP 34823 1777 8 the the DT 34823 1777 9 extreme extreme JJ 34823 1777 10 case case NN 34823 1777 11 of of IN 34823 1777 12 what what WP 34823 1777 13 the the DT 34823 1777 14 Commodity Commodity NNP 34823 1777 15 or or CC 34823 1777 16 Metallist Metallist NNP 34823 1777 17 School School NNP 34823 1777 18 seems seem VBZ 34823 1777 19 to to TO 34823 1777 20 assert assert VB 34823 1777 21 . . . 34823 1778 1 In in IN 34823 1778 2 this this DT 34823 1778 3 case case NN 34823 1778 4 , , , 34823 1778 5 barring bar VBG 34823 1778 6 temporary temporary JJ 34823 1778 7 emergencies emergency NNS 34823 1778 8 too too RB 34823 1778 9 acute acute JJ 34823 1778 10 to to TO 34823 1778 11 admit admit VB 34823 1778 12 of of IN 34823 1778 13 increasing increase VBG 34823 1778 14 the the DT 34823 1778 15 money money NN 34823 1778 16 - - HYPH 34823 1778 17 supply supply NN 34823 1778 18 by by IN 34823 1778 19 the the DT 34823 1778 20 method method NN 34823 1778 21 described describe VBN 34823 1778 22 , , , 34823 1778 23 their -PRON- PRP$ 34823 1778 24 theory theory NN 34823 1778 25 that that IN 34823 1778 26 the the DT 34823 1778 27 value value NN 34823 1778 28 of of IN 34823 1778 29 money money NN 34823 1778 30 comes come VBZ 34823 1778 31 wholly wholly RB 34823 1778 32 from from IN 34823 1778 33 the the DT 34823 1778 34 commodity commodity NN 34823 1778 35 value value NN 34823 1778 36 of of IN 34823 1778 37 the the DT 34823 1778 38 standard standard NN 34823 1778 39 , , , 34823 1778 40 would would MD 34823 1778 41 offer offer VB 34823 1778 42 a a DT 34823 1778 43 complete complete JJ 34823 1778 44 explanation explanation NN 34823 1778 45 . . . 34823 1779 1 I -PRON- PRP 34823 1779 2 offer offer VBP 34823 1779 3 this this DT 34823 1779 4 illustration illustration NN 34823 1779 5 as as IN 34823 1779 6 the the DT 34823 1779 7 antithesis antithesis NN 34823 1779 8 of of IN 34823 1779 9 the the DT 34823 1779 10 dodo dodo NN 34823 1779 11 - - HYPH 34823 1779 12 bone bone NN 34823 1779 13 illustration illustration NN 34823 1779 14 of of IN 34823 1779 15 Nicholson Nicholson NNP 34823 1779 16 . . . 34823 1780 1 That that IN 34823 1780 2 illustration illustration NN 34823 1780 3 sets set VBZ 34823 1780 4 forth forth RB 34823 1780 5 the the DT 34823 1780 6 extreme extreme JJ 34823 1780 7 claims claim NNS 34823 1780 8 of of IN 34823 1780 9 the the DT 34823 1780 10 quantity quantity NN 34823 1780 11 theory theory NN 34823 1780 12 , , , 34823 1780 13 and and CC 34823 1780 14 purports purport NNS 34823 1780 15 to to TO 34823 1780 16 be be VB 34823 1780 17 a a DT 34823 1780 18 case case NN 34823 1780 19 in in IN 34823 1780 20 which which WDT 34823 1780 21 the the DT 34823 1780 22 quantity quantity NN 34823 1780 23 theory theory NN 34823 1780 24 would would MD 34823 1780 25 work work VB 34823 1780 26 perfectly perfectly RB 34823 1780 27 . . . 34823 1781 1 The the DT 34823 1781 2 case case NN 34823 1781 3 illustrative illustrative JJ 34823 1781 4 of of IN 34823 1781 5 the the DT 34823 1781 6 commodity commodity NN 34823 1781 7 theory theory NN 34823 1781 8 clearly clearly RB 34823 1781 9 brings bring VBZ 34823 1781 10 out out RP 34823 1781 11 the the DT 34823 1781 12 fact fact NN 34823 1781 13 that that IN 34823 1781 14 that that DT 34823 1781 15 theory theory NN 34823 1781 16 rests rest VBZ 34823 1781 17 on on IN 34823 1781 18 exclusive exclusive JJ 34823 1781 19 attention attention NN 34823 1781 20 to to IN 34823 1781 21 the the DT 34823 1781 22 standard standard NN 34823 1781 23 of of IN 34823 1781 24 value value NN 34823 1781 25 function function NN 34823 1781 26 of of IN 34823 1781 27 money money NN 34823 1781 28 . . . 34823 1782 1 The the DT 34823 1782 2 dodo dodo NN 34823 1782 3 - - HYPH 34823 1782 4 bone bone NN 34823 1782 5 theory theory NN 34823 1782 6 gives give VBZ 34823 1782 7 exclusive exclusive JJ 34823 1782 8 attention attention NN 34823 1782 9 to to IN 34823 1782 10 , , , 34823 1782 11 but but CC 34823 1782 12 very very RB 34823 1782 13 imperfect imperfect JJ 34823 1782 14 analysis analysis NN 34823 1782 15 of of IN 34823 1782 16 , , , 34823 1782 17 the the DT 34823 1782 18 medium medium NN 34823 1782 19 of of IN 34823 1782 20 exchange exchange NN 34823 1782 21 function function NN 34823 1782 22 . . . 34823 1783 1 But but CC 34823 1783 2 I -PRON- PRP 34823 1783 3 submit submit VBP 34823 1783 4 that that IN 34823 1783 5 the the DT 34823 1783 6 extreme extreme JJ 34823 1783 7 case case NN 34823 1783 8 of of IN 34823 1783 9 the the DT 34823 1783 10 commodity commodity NN 34823 1783 11 theory theory NN 34823 1783 12 , , , 34823 1783 13 in in IN 34823 1783 14 the the DT 34823 1783 15 illustration illustration NN 34823 1783 16 I -PRON- PRP 34823 1783 17 have have VBP 34823 1783 18 given give VBN 34823 1783 19 , , , 34823 1783 20 is be VBZ 34823 1783 21 a a DT 34823 1783 22 thinkable thinkable JJ 34823 1783 23 and and CC 34823 1783 24 consistent consistent JJ 34823 1783 25 system system NN 34823 1783 26 . . . 34823 1784 1 It -PRON- PRP 34823 1784 2 would would MD 34823 1784 3 work work VB 34823 1784 4 -- -- : 34823 1784 5 even even RB 34823 1784 6 though though IN 34823 1784 7 not not RB 34823 1784 8 conveniently conveniently RB 34823 1784 9 . . . 34823 1785 1 Indeed indeed RB 34823 1785 2 , , , 34823 1785 3 it -PRON- PRP 34823 1785 4 resembles resemble VBZ 34823 1785 5 in in IN 34823 1785 6 essentials essential NNS 34823 1785 7 the the DT 34823 1785 8 plan plan NN 34823 1785 9 actually actually RB 34823 1785 10 proposed propose VBN 34823 1785 11 by by IN 34823 1785 12 Aneurin Aneurin NNP 34823 1785 13 Williams Williams NNP 34823 1785 14 , , , 34823 1785 15 and and CC 34823 1785 16 later later RB 34823 1785 17 by by IN 34823 1785 18 Professor Professor NNP 34823 1785 19 Irving Irving NNP 34823 1785 20 Fisher[129 Fisher[129 NNP 34823 1785 21 ] ] -RRB- 34823 1785 22 for for IN 34823 1785 23 stabilizing stabilize VBG 34823 1785 24 the the DT 34823 1785 25 value value NN 34823 1785 26 of of IN 34823 1785 27 money money NN 34823 1785 28 . . . 34823 1786 1 Substitute substitute VB 34823 1786 2 a a DT 34823 1786 3 composite composite JJ 34823 1786 4 commodity commodity NN 34823 1786 5 for for IN 34823 1786 6 gold gold NN 34823 1786 7 , , , 34823 1786 8 and and CC 34823 1786 9 gold gold NN 34823 1786 10 for for IN 34823 1786 11 silver silver NN 34823 1786 12 , , , 34823 1786 13 in in IN 34823 1786 14 the the DT 34823 1786 15 illustration illustration NN 34823 1786 16 , , , 34823 1786 17 and and CC 34823 1786 18 you -PRON- PRP 34823 1786 19 have have VBP 34823 1786 20 the the DT 34823 1786 21 essentials essential NNS 34823 1786 22 of of IN 34823 1786 23 that that DT 34823 1786 24 plan plan NN 34823 1786 25 . . . 34823 1787 1 The the DT 34823 1787 2 dodo dodo NN 34823 1787 3 - - HYPH 34823 1787 4 bone bone NN 34823 1787 5 hypothesis hypothesis NN 34823 1787 6 , , , 34823 1787 7 however however RB 34823 1787 8 , , , 34823 1787 9 as as IN 34823 1787 10 I -PRON- PRP 34823 1787 11 have have VBP 34823 1787 12 been be VBN 34823 1787 13 at at IN 34823 1787 14 elaborate elaborate JJ 34823 1787 15 pains pain NNS 34823 1787 16 to to TO 34823 1787 17 show show VB 34823 1787 18 in in IN 34823 1787 19 the the DT 34823 1787 20 foregoing foregoing NN 34823 1787 21 , , , 34823 1787 22 is be VBZ 34823 1787 23 unthinkable unthinkable JJ 34823 1787 24 . . . 34823 1788 1 It -PRON- PRP 34823 1788 2 would would MD 34823 1788 3 not not RB 34823 1788 4 work work VB 34823 1788 5 . . . 34823 1789 1 It -PRON- PRP 34823 1789 2 is be VBZ 34823 1789 3 , , , 34823 1789 4 thus thus RB 34823 1789 5 , , , 34823 1789 6 possible possible JJ 34823 1789 7 to to TO 34823 1789 8 construct construct VB 34823 1789 9 a a DT 34823 1789 10 system system NN 34823 1789 11 for for IN 34823 1789 12 which which WDT 34823 1789 13 the the DT 34823 1789 14 commodity commodity NN 34823 1789 15 theory theory NN 34823 1789 16 would would MD 34823 1789 17 offer offer VB 34823 1789 18 a a DT 34823 1789 19 complete complete JJ 34823 1789 20 explanation explanation NN 34823 1789 21 . . . 34823 1790 1 It -PRON- PRP 34823 1790 2 is be VBZ 34823 1790 3 not not RB 34823 1790 4 possible possible JJ 34823 1790 5 to to TO 34823 1790 6 do do VB 34823 1790 7 this this DT 34823 1790 8 for for IN 34823 1790 9 the the DT 34823 1790 10 quantity quantity NN 34823 1790 11 theory theory NN 34823 1790 12 . . . 34823 1791 1 But but CC 34823 1791 2 the the DT 34823 1791 3 limiting limit VBG 34823 1791 4 case case NN 34823 1791 5 for for IN 34823 1791 6 the the DT 34823 1791 7 commodity commodity NN 34823 1791 8 theory theory NN 34823 1791 9 is be VBZ 34823 1791 10 not not RB 34823 1791 11 the the DT 34823 1791 12 actual actual JJ 34823 1791 13 case case NN 34823 1791 14 . . . 34823 1792 1 Standard standard JJ 34823 1792 2 money money NN 34823 1792 3 is be VBZ 34823 1792 4 also also RB 34823 1792 5 commonly commonly RB 34823 1792 6 a a DT 34823 1792 7 medium medium NN 34823 1792 8 of of IN 34823 1792 9 exchange exchange NN 34823 1792 10 . . . 34823 1793 1 Standard standard JJ 34823 1793 2 money money NN 34823 1793 3 is be VBZ 34823 1793 4 particularly particularly RB 34823 1793 5 desirable desirable JJ 34823 1793 6 in in IN 34823 1793 7 bank bank NN 34823 1793 8 and and CC 34823 1793 9 government government NN 34823 1793 10 reserves reserve NNS 34823 1793 11 . . . 34823 1794 1 Its -PRON- PRP$ 34823 1794 2 employment employment NN 34823 1794 3 in in IN 34823 1794 4 these these DT 34823 1794 5 and and CC 34823 1794 6 other other JJ 34823 1794 7 ways way NNS 34823 1794 8 is be VBZ 34823 1794 9 a a DT 34823 1794 10 valuable valuable JJ 34823 1794 11 employment employment NN 34823 1794 12 , , , 34823 1794 13 and and CC 34823 1794 14 adds add VBZ 34823 1794 15 directly directly RB 34823 1794 16 to to IN 34823 1794 17 its -PRON- PRP$ 34823 1794 18 value value NN 34823 1794 19 both both CC 34823 1794 20 as as IN 34823 1794 21 money money NN 34823 1794 22 and and CC 34823 1794 23 in in IN 34823 1794 24 the the DT 34823 1794 25 arts art NNS 34823 1794 26 . . . 34823 1795 1 There there EX 34823 1795 2 is be VBZ 34823 1795 3 a a DT 34823 1795 4 marginal marginal JJ 34823 1795 5 equilibrium equilibrium NN 34823 1795 6 between between IN 34823 1795 7 its -PRON- PRP$ 34823 1795 8 values value NNS 34823 1795 9 in in IN 34823 1795 10 the the DT 34823 1795 11 two two CD 34823 1795 12 employments employment NNS 34823 1795 13 . . . 34823 1796 1 The the DT 34823 1796 2 notion notion NN 34823 1796 3 that that IN 34823 1796 4 the the DT 34823 1796 5 only only JJ 34823 1796 6 way way NN 34823 1796 7 in in IN 34823 1796 8 which which WDT 34823 1796 9 the the DT 34823 1796 10 money money NN 34823 1796 11 employment employment NN 34823 1796 12 adds add VBZ 34823 1796 13 to to IN 34823 1796 14 the the DT 34823 1796 15 value value NN 34823 1796 16 of of IN 34823 1796 17 money money NN 34823 1796 18 is be VBZ 34823 1796 19 an an DT 34823 1796 20 indirect indirect JJ 34823 1796 21 one one NN 34823 1796 22 , , , 34823 1796 23 by by IN 34823 1796 24 withdrawing withdraw VBG 34823 1796 25 gold gold NN 34823 1796 26 from from IN 34823 1796 27 the the DT 34823 1796 28 arts art NNS 34823 1796 29 , , , 34823 1796 30 so so RB 34823 1796 31 lessening lessen VBG 34823 1796 32 its -PRON- PRP$ 34823 1796 33 supply supply NN 34823 1796 34 and and CC 34823 1796 35 raising raise VBG 34823 1796 36 its -PRON- PRP$ 34823 1796 37 value value NN 34823 1796 38 there there RB 34823 1796 39 , , , 34823 1796 40 may may MD 34823 1796 41 be be VB 34823 1796 42 proved prove VBN 34823 1796 43 erroneous erroneous JJ 34823 1796 44 by by IN 34823 1796 45 this this DT 34823 1796 46 consideration consideration NN 34823 1796 47 : : : 34823 1796 48 what what WP 34823 1796 49 , , , 34823 1796 50 in in IN 34823 1796 51 that that DT 34823 1796 52 case case NN 34823 1796 53 , , , 34823 1796 54 would would MD 34823 1796 55 determine determine VB 34823 1796 56 the the DT 34823 1796 57 margin margin NN 34823 1796 58 between between IN 34823 1796 59 the the DT 34823 1796 60 two two CD 34823 1796 61 employments employment NNS 34823 1796 62 ? ? . 34823 1797 1 What what WDT 34823 1797 2 force force NN 34823 1797 3 would would MD 34823 1797 4 there there EX 34823 1797 5 be be VB 34823 1797 6 to to TO 34823 1797 7 withdraw withdraw VB 34823 1797 8 gold gold NN 34823 1797 9 from from IN 34823 1797 10 the the DT 34823 1797 11 arts art NNS 34823 1797 12 at at RB 34823 1797 13 all all RB 34823 1797 14 ? ? . 34823 1798 1 Why why WRB 34823 1798 2 should should MD 34823 1798 3 more more RBR 34823 1798 4 rather rather RB 34823 1798 5 than than IN 34823 1798 6 less less JJR 34823 1798 7 be be VB 34823 1798 8 withdrawn withdraw VBN 34823 1798 9 ? ? . 34823 1799 1 There there EX 34823 1799 2 must must MD 34823 1799 3 be be VB 34823 1799 4 ascending ascend VBG 34823 1799 5 curves curve NNS 34823 1799 6 on on IN 34823 1799 7 both both DT 34823 1799 8 sides side NNS 34823 1799 9 of of IN 34823 1799 10 the the DT 34823 1799 11 margin margin NN 34823 1799 12 . . . 34823 1800 1 Gold gold NN 34823 1800 2 money money NN 34823 1800 3 in in IN 34823 1800 4 small small JJ 34823 1800 5 amount amount NN 34823 1800 6 has have VBZ 34823 1800 7 a a DT 34823 1800 8 high high JJ 34823 1800 9 significance significance NN 34823 1800 10 per per IN 34823 1800 11 unit unit NN 34823 1800 12 in in IN 34823 1800 13 the the DT 34823 1800 14 money money NN 34823 1800 15 employment employment NN 34823 1800 16 . . . 34823 1801 1 A a DT 34823 1801 2 greater great JJR 34823 1801 3 amount amount NN 34823 1801 4 has have VBZ 34823 1801 5 a a DT 34823 1801 6 smaller small JJR 34823 1801 7 significance significance NN 34823 1801 8 per per IN 34823 1801 9 unit unit NN 34823 1801 10 . . . 34823 1802 1 The the DT 34823 1802 2 marginal marginal JJ 34823 1802 3 amount amount NN 34823 1802 4 of of IN 34823 1802 5 gold gold NN 34823 1802 6 put put NN 34823 1802 7 to to IN 34823 1802 8 work work NN 34823 1802 9 as as IN 34823 1802 10 money money NN 34823 1802 11 has have VBZ 34823 1802 12 a a DT 34823 1802 13 comparatively comparatively RB 34823 1802 14 low low JJ 34823 1802 15 significance significance NN 34823 1802 16 in in IN 34823 1802 17 that that DT 34823 1802 18 employment employment NN 34823 1802 19 -- -- : 34823 1802 20 a a DT 34823 1802 21 significance significance NN 34823 1802 22 just just RB 34823 1802 23 great great JJ 34823 1802 24 enough enough RB 34823 1802 25 to to TO 34823 1802 26 secure secure VB 34823 1802 27 it -PRON- PRP 34823 1802 28 from from IN 34823 1802 29 the the DT 34823 1802 30 competing compete VBG 34823 1802 31 employments employment NNS 34823 1802 32 in in IN 34823 1802 33 the the DT 34823 1802 34 arts art NNS 34823 1802 35 . . . 34823 1803 1 * * NFP 34823 1803 2 * * NFP 34823 1803 3 * * NFP 34823 1803 4 * * NFP 34823 1803 5 * * NFP 34823 1803 6 We -PRON- PRP 34823 1803 7 conclude conclude VBP 34823 1803 8 , , , 34823 1803 9 then then RB 34823 1803 10 , , , 34823 1803 11 that that DT 34823 1803 12 money money NN 34823 1803 13 must must MD 34823 1803 14 have have VB 34823 1803 15 value value NN 34823 1803 16 to to TO 34823 1803 17 start start VB 34823 1803 18 with with IN 34823 1803 19 , , , 34823 1803 20 from from IN 34823 1803 21 some some DT 34823 1803 22 source source NN 34823 1803 23 other other JJ 34823 1803 24 than than IN 34823 1803 25 the the DT 34823 1803 26 money money NN 34823 1803 27 function function NN 34823 1803 28 , , , 34823 1803 29 and and CC 34823 1803 30 that that IN 34823 1803 31 there there EX 34823 1803 32 must must MD 34823 1803 33 always always RB 34823 1803 34 be be VB 34823 1803 35 some some DT 34823 1803 36 source source NN 34823 1803 37 of of IN 34823 1803 38 value value NN 34823 1803 39 apart apart RB 34823 1803 40 from from IN 34823 1803 41 the the DT 34823 1803 42 money money NN 34823 1803 43 function function NN 34823 1803 44 , , , 34823 1803 45 if if IN 34823 1803 46 money money NN 34823 1803 47 is be VBZ 34823 1803 48 to to TO 34823 1803 49 circulate circulate VB 34823 1803 50 , , , 34823 1803 51 or or CC 34823 1803 52 to to TO 34823 1803 53 serve serve VB 34823 1803 54 as as IN 34823 1803 55 money money NN 34823 1803 56 in in IN 34823 1803 57 other other JJ 34823 1803 58 ways way NNS 34823 1803 59 . . . 34823 1804 1 But but CC 34823 1804 2 this this DT 34823 1804 3 is be VBZ 34823 1804 4 not not RB 34823 1804 5 to to TO 34823 1804 6 assert assert VB 34823 1804 7 the the DT 34823 1804 8 doctrine doctrine NN 34823 1804 9 of of IN 34823 1804 10 the the DT 34823 1804 11 commodity commodity NN 34823 1804 12 school school NNP 34823 1804 13 , , , 34823 1804 14 that that IN 34823 1804 15 its -PRON- PRP$ 34823 1804 16 value value NN 34823 1804 17 must must MD 34823 1804 18 arise arise VB 34823 1804 19 from from IN 34823 1804 20 the the DT 34823 1804 21 metal metal NN 34823 1804 22 of of IN 34823 1804 23 which which WDT 34823 1804 24 it -PRON- PRP 34823 1804 25 is be VBZ 34823 1804 26 made make VBN 34823 1804 27 , , , 34823 1804 28 or or CC 34823 1804 29 in in IN 34823 1804 30 which which WDT 34823 1804 31 it -PRON- PRP 34823 1804 32 is be VBZ 34823 1804 33 expected expect VBN 34823 1804 34 to to TO 34823 1804 35 be be VB 34823 1804 36 redeemed redeem VBN 34823 1804 37 . . . 34823 1805 1 Nor nor CC 34823 1805 2 is be VBZ 34823 1805 3 it -PRON- PRP 34823 1805 4 to to TO 34823 1805 5 deny deny VB 34823 1805 6 that that IN 34823 1805 7 the the DT 34823 1805 8 money money NN 34823 1805 9 function function NN 34823 1805 10 may may MD 34823 1805 11 add add VB 34823 1805 12 to to IN 34823 1805 13 the the DT 34823 1805 14 original original JJ 34823 1805 15 value value NN 34823 1805 16 . . . 34823 1806 1 On on IN 34823 1806 2 the the DT 34823 1806 3 contrary contrary NN 34823 1806 4 , , , 34823 1806 5 the the DT 34823 1806 6 services service NNS 34823 1806 7 which which WDT 34823 1806 8 money money NN 34823 1806 9 performs perform VBZ 34823 1806 10 are be VBP 34823 1806 11 valuable valuable JJ 34823 1806 12 services service NNS 34823 1806 13 , , , 34823 1806 14 and and CC 34823 1806 15 add add VB 34823 1806 16 directly directly RB 34823 1806 17 , , , 34823 1806 18 under under IN 34823 1806 19 conditions condition NNS 34823 1806 20 which which WDT 34823 1806 21 we -PRON- PRP 34823 1806 22 shall shall MD 34823 1806 23 analyze analyze VB 34823 1806 24 more more RBR 34823 1806 25 fully fully RB 34823 1806 26 in in IN 34823 1806 27 a a DT 34823 1806 28 later later JJ 34823 1806 29 chapter chapter NN 34823 1806 30 on on IN 34823 1806 31 the the DT 34823 1806 32 functions function NNS 34823 1806 33 of of IN 34823 1806 34 money money NN 34823 1806 35 , , , 34823 1806 36 to to IN 34823 1806 37 the the DT 34823 1806 38 value value NN 34823 1806 39 derived derive VBN 34823 1806 40 from from IN 34823 1806 41 non non JJ 34823 1806 42 - - JJ 34823 1806 43 pecuniary pecuniary JJ 34823 1806 44 sources source NNS 34823 1806 45 . . . 34823 1807 1 Value value NN 34823 1807 2 is be VBZ 34823 1807 3 not not RB 34823 1807 4 physical physical JJ 34823 1807 5 , , , 34823 1807 6 but but CC 34823 1807 7 psychical psychical JJ 34823 1807 8 . . . 34823 1808 1 And and CC 34823 1808 2 value value NN 34823 1808 3 is be VBZ 34823 1808 4 not not RB 34823 1808 5 bound bind VBN 34823 1808 6 up up RP 34823 1808 7 inseparably inseparably RB 34823 1808 8 with with IN 34823 1808 9 labor labor NN 34823 1808 10 - - HYPH 34823 1808 11 pain pain NN 34823 1808 12 or or CC 34823 1808 13 marginal marginal JJ 34823 1808 14 utility utility NN 34823 1808 15 . . . 34823 1809 1 CHAPTER chapter NN 34823 1809 2 VIII viii NN 34823 1809 3 THE the DT 34823 1809 4 " " `` 34823 1809 5 EQUATION EQUATION NNP 34823 1809 6 OF of IN 34823 1809 7 EXCHANGE EXCHANGE NNP 34823 1809 8 " " `` 34823 1809 9 In in IN 34823 1809 10 Professor Professor NNP 34823 1809 11 Irving Irving NNP 34823 1809 12 Fisher Fisher NNP 34823 1809 13 's 's POS 34823 1809 14 _ _ NNP 34823 1809 15 Purchasing Purchasing NNP 34823 1809 16 Power Power NNP 34823 1809 17 of of IN 34823 1809 18 Money_[130 Money_[130 NNP 34823 1809 19 ] ] -RRB- 34823 1809 20 we -PRON- PRP 34823 1809 21 have have VBP 34823 1809 22 the the DT 34823 1809 23 most most RBS 34823 1809 24 uncompromising uncompromising JJ 34823 1809 25 and and CC 34823 1809 26 rigorous rigorous JJ 34823 1809 27 statement statement NN 34823 1809 28 of of IN 34823 1809 29 the the DT 34823 1809 30 quantity quantity NN 34823 1809 31 theory theory NN 34823 1809 32 to to TO 34823 1809 33 be be VB 34823 1809 34 found find VBN 34823 1809 35 in in IN 34823 1809 36 modern modern JJ 34823 1809 37 economic economic JJ 34823 1809 38 literature literature NN 34823 1809 39 . . . 34823 1810 1 We -PRON- PRP 34823 1810 2 have have VBP 34823 1810 3 , , , 34823 1810 4 too too RB 34823 1810 5 , , , 34823 1810 6 a a DT 34823 1810 7 book book NN 34823 1810 8 which which WDT 34823 1810 9 follows follow VBZ 34823 1810 10 the the DT 34823 1810 11 logic logic NN 34823 1810 12 of of IN 34823 1810 13 the the DT 34823 1810 14 quantity quantity NN 34823 1810 15 theory theory NN 34823 1810 16 more more RBR 34823 1810 17 consistently consistently RB 34823 1810 18 than than IN 34823 1810 19 any any DT 34823 1810 20 other other JJ 34823 1810 21 work work NN 34823 1810 22 with with IN 34823 1810 23 which which WDT 34823 1810 24 I -PRON- PRP 34823 1810 25 am be VBP 34823 1810 26 acquainted acquaint VBN 34823 1810 27 . . . 34823 1811 1 The the DT 34823 1811 2 book book NN 34823 1811 3 deals deal VBZ 34823 1811 4 with with IN 34823 1811 5 the the DT 34823 1811 6 theory theory NN 34823 1811 7 more more RBR 34823 1811 8 elaborately elaborately RB 34823 1811 9 and and CC 34823 1811 10 with with IN 34823 1811 11 more more JJR 34823 1811 12 detail detail NN 34823 1811 13 than than IN 34823 1811 14 any any DT 34823 1811 15 other other JJ 34823 1811 16 single single JJ 34823 1811 17 volume volume NN 34823 1811 18 , , , 34823 1811 19 and and CC 34823 1811 20 sums sum VBZ 34823 1811 21 up up RP 34823 1811 22 most most JJS 34823 1811 23 of of IN 34823 1811 24 what what WP 34823 1811 25 other other JJ 34823 1811 26 writers writer NNS 34823 1811 27 have have VBP 34823 1811 28 had have VBN 34823 1811 29 to to TO 34823 1811 30 say say VB 34823 1811 31 in in IN 34823 1811 32 defence defence NN 34823 1811 33 of of IN 34823 1811 34 the the DT 34823 1811 35 quantity quantity NN 34823 1811 36 theory theory NN 34823 1811 37 . . . 34823 1812 1 Professor Professor NNP 34823 1812 2 Fisher Fisher NNP 34823 1812 3 's 's POS 34823 1812 4 book book NN 34823 1812 5 has have VBZ 34823 1812 6 , , , 34823 1812 7 moreover moreover RB 34823 1812 8 , , , 34823 1812 9 received receive VBD 34823 1812 10 such such JJ 34823 1812 11 enthusiastic enthusiastic JJ 34823 1812 12 recognition recognition NN 34823 1812 13 from from IN 34823 1812 14 reviewers reviewer NNS 34823 1812 15 and and CC 34823 1812 16 others other NNS 34823 1812 17 as as IN 34823 1812 18 to to TO 34823 1812 19 justify justify VB 34823 1812 20 one one CD 34823 1812 21 in in IN 34823 1812 22 treating treat VBG 34823 1812 23 it -PRON- PRP 34823 1812 24 as as IN 34823 1812 25 the the DT 34823 1812 26 " " `` 34823 1812 27 official official JJ 34823 1812 28 " " '' 34823 1812 29 exposition exposition NN 34823 1812 30 of of IN 34823 1812 31 the the DT 34823 1812 32 quantity quantity NN 34823 1812 33 theory theory NN 34823 1812 34 . . . 34823 1813 1 Thus thus RB 34823 1813 2 , , , 34823 1813 3 Sir Sir NNP 34823 1813 4 David David NNP 34823 1813 5 Barbour Barbour NNP 34823 1813 6 cites cite VBZ 34823 1813 7 Professor Professor NNP 34823 1813 8 Fisher Fisher NNP 34823 1813 9 as as IN 34823 1813 10 the the DT 34823 1813 11 authority authority NN 34823 1813 12 on on IN 34823 1813 13 whom whom WP 34823 1813 14 he -PRON- PRP 34823 1813 15 relies rely VBZ 34823 1813 16 for for IN 34823 1813 17 such such JJ 34823 1813 18 justification justification NN 34823 1813 19 of of IN 34823 1813 20 the the DT 34823 1813 21 theory theory NN 34823 1813 22 as as IN 34823 1813 23 may may MD 34823 1813 24 be be VB 34823 1813 25 needed,[131 needed,[131 NN 34823 1813 26 ] ] -RRB- 34823 1813 27 while while IN 34823 1813 28 Professor Professor NNP 34823 1813 29 A. A. NNP 34823 1813 30 C. C. NNP 34823 1813 31 Whitaker Whitaker NNP 34823 1813 32 declares declare VBZ 34823 1813 33 that that IN 34823 1813 34 he -PRON- PRP 34823 1813 35 adopts adopt VBZ 34823 1813 36 " " `` 34823 1813 37 without without IN 34823 1813 38 qualification qualification NN 34823 1813 39 the the DT 34823 1813 40 whole whole JJ 34823 1813 41 body body NN 34823 1813 42 of of IN 34823 1813 43 general general JJ 34823 1813 44 monetary monetary JJ 34823 1813 45 theory theory NN 34823 1813 46 " " '' 34823 1813 47 for for IN 34823 1813 48 which which WDT 34823 1813 49 Professor Professor NNP 34823 1813 50 Fisher Fisher NNP 34823 1813 51 stands stand VBZ 34823 1813 52 . . . 34823 1814 1 [ [ -LRB- 34823 1814 2 132 132 CD 34823 1814 3 ] ] -RRB- 34823 1814 4 Professor Professor NNP 34823 1814 5 J. J. NNP 34823 1814 6 H. H. NNP 34823 1814 7 Hollander Hollander NNP 34823 1814 8 has have VBZ 34823 1814 9 recently recently RB 34823 1814 10 referred refer VBN 34823 1814 11 to to IN 34823 1814 12 Professor Professor NNP 34823 1814 13 Fisher Fisher NNP 34823 1814 14 's 's POS 34823 1814 15 work work NN 34823 1814 16 on on IN 34823 1814 17 money money NN 34823 1814 18 and and CC 34823 1814 19 prices price NNS 34823 1814 20 as as IN 34823 1814 21 a a DT 34823 1814 22 model model NN 34823 1814 23 of of IN 34823 1814 24 that that DT 34823 1814 25 combination combination NN 34823 1814 26 of of IN 34823 1814 27 theory theory NN 34823 1814 28 and and CC 34823 1814 29 inductive inductive JJ 34823 1814 30 verification verification NN 34823 1814 31 which which WDT 34823 1814 32 constitutes constitute VBZ 34823 1814 33 real real JJ 34823 1814 34 science science NN 34823 1814 35 . . . 34823 1815 1 [ [ -LRB- 34823 1815 2 133 133 CD 34823 1815 3 ] ] -RRB- 34823 1815 4 The the DT 34823 1815 5 _ _ NNP 34823 1815 6 American American NNP 34823 1815 7 Economic Economic NNP 34823 1815 8 Review Review NNP 34823 1815 9 _ _ NNP 34823 1815 10 presents present VBZ 34823 1815 11 as as IN 34823 1815 12 an an DT 34823 1815 13 annual annual JJ 34823 1815 14 feature feature NN 34823 1815 15 Professor Professor NNP 34823 1815 16 Fisher Fisher NNP 34823 1815 17 's 's POS 34823 1815 18 " " `` 34823 1815 19 Equation Equation NNP 34823 1815 20 of of IN 34823 1815 21 Exchange Exchange NNP 34823 1815 22 . . . 34823 1815 23 " " '' 34823 1816 1 Not not RB 34823 1816 2 all all DT 34823 1816 3 , , , 34823 1816 4 by by IN 34823 1816 5 any any DT 34823 1816 6 means mean NNS 34823 1816 7 , , , 34823 1816 8 of of IN 34823 1816 9 those those DT 34823 1816 10 who who WP 34823 1816 11 would would MD 34823 1816 12 call call VB 34823 1816 13 themselves -PRON- PRP 34823 1816 14 quantity quantity NN 34823 1816 15 theorists theorist NNS 34823 1816 16 would would MD 34823 1816 17 concur concur VB 34823 1816 18 in in IN 34823 1816 19 Professor Professor NNP 34823 1816 20 Fisher Fisher NNP 34823 1816 21 's 's POS 34823 1816 22 version version NN 34823 1816 23 of of IN 34823 1816 24 the the DT 34823 1816 25 doctrine doctrine NN 34823 1816 26 -- -- : 34823 1816 27 Professor Professor NNP 34823 1816 28 Taussig Taussig NNP 34823 1816 29 , , , 34823 1816 30 notably notably RB 34823 1816 31 , , , 34823 1816 32 introduces introduce NNS 34823 1816 33 so so RB 34823 1816 34 many many JJ 34823 1816 35 qualifications qualification NNS 34823 1816 36 , , , 34823 1816 37 and and CC 34823 1816 38 admits admit VBZ 34823 1816 39 so so RB 34823 1816 40 many many JJ 34823 1816 41 exceptions exception NNS 34823 1816 42 , , , 34823 1816 43 that that IN 34823 1816 44 his -PRON- PRP$ 34823 1816 45 doctrine doctrine NN 34823 1816 46 seems seem VBZ 34823 1816 47 to to IN 34823 1816 48 the the DT 34823 1816 49 present present JJ 34823 1816 50 writer writer NN 34823 1816 51 like like IN 34823 1816 52 Professor Professor NNP 34823 1816 53 Fisher Fisher NNP 34823 1816 54 's be VBZ 34823 1816 55 chiefly chiefly RB 34823 1816 56 in in IN 34823 1816 57 name name NN 34823 1816 58 . . . 34823 1817 1 But but CC 34823 1817 2 there there EX 34823 1817 3 is be VBZ 34823 1817 4 no no DT 34823 1817 5 other other JJ 34823 1817 6 one one CD 34823 1817 7 book book NN 34823 1817 8 which which WDT 34823 1817 9 could could MD 34823 1817 10 be be VB 34823 1817 11 chosen choose VBN 34823 1817 12 which which WDT 34823 1817 13 would would MD 34823 1817 14 serve serve VB 34823 1817 15 nearly nearly RB 34823 1817 16 as as RB 34823 1817 17 well well RB 34823 1817 18 for for IN 34823 1817 19 the the DT 34823 1817 20 " " `` 34823 1817 21 platform platform NN 34823 1817 22 " " '' 34823 1817 23 of of IN 34823 1817 24 present present JJ 34823 1817 25 - - HYPH 34823 1817 26 day day NN 34823 1817 27 quantity quantity NN 34823 1817 28 theorists theorist NNS 34823 1817 29 as as IN 34823 1817 30 _ _ NNP 34823 1817 31 The the DT 34823 1817 32 Purchasing Purchasing NNP 34823 1817 33 Power Power NNP 34823 1817 34 of of IN 34823 1817 35 Money Money NNP 34823 1817 36 _ _ NNP 34823 1817 37 . . . 34823 1818 1 Partly partly RB 34823 1818 2 for for IN 34823 1818 3 that that DT 34823 1818 4 reason reason NN 34823 1818 5 , , , 34823 1818 6 and and CC 34823 1818 7 partly partly RB 34823 1818 8 because because IN 34823 1818 9 the the DT 34823 1818 10 book book NN 34823 1818 11 lends lend VBZ 34823 1818 12 itself -PRON- PRP 34823 1818 13 well well RB 34823 1818 14 to to IN 34823 1818 15 critical critical JJ 34823 1818 16 analysis analysis NN 34823 1818 17 , , , 34823 1818 18 I -PRON- PRP 34823 1818 19 shall shall MD 34823 1818 20 follow follow VB 34823 1818 21 the the DT 34823 1818 22 outline outline NN 34823 1818 23 of of IN 34823 1818 24 the the DT 34823 1818 25 book book NN 34823 1818 26 in in IN 34823 1818 27 my -PRON- PRP$ 34823 1818 28 further further JJ 34823 1818 29 statement statement NN 34823 1818 30 and and CC 34823 1818 31 criticism criticism NN 34823 1818 32 of of IN 34823 1818 33 the the DT 34823 1818 34 quantity quantity NN 34823 1818 35 theory theory NN 34823 1818 36 , , , 34823 1818 37 indicating indicate VBG 34823 1818 38 Professor Professor NNP 34823 1818 39 Fisher Fisher NNP 34823 1818 40 's 's POS 34823 1818 41 views view NNS 34823 1818 42 , , , 34823 1818 43 and and CC 34823 1818 44 indicating indicate VBG 34823 1818 45 the the DT 34823 1818 46 points point NNS 34823 1818 47 at at IN 34823 1818 48 which which WDT 34823 1818 49 other other JJ 34823 1818 50 expositions exposition NNS 34823 1818 51 of of IN 34823 1818 52 the the DT 34823 1818 53 quantity quantity NN 34823 1818 54 theory theory NN 34823 1818 55 diverge diverge NN 34823 1818 56 from from IN 34823 1818 57 his -PRON- PRP$ 34823 1818 58 , , , 34823 1818 59 setting set VBG 34823 1818 60 his -PRON- PRP$ 34823 1818 61 views view NNS 34823 1818 62 in in IN 34823 1818 63 contrast contrast NN 34823 1818 64 with with IN 34823 1818 65 those those DT 34823 1818 66 of of IN 34823 1818 67 other other JJ 34823 1818 68 writers writer NNS 34823 1818 69 . . . 34823 1819 1 We -PRON- PRP 34823 1819 2 shall shall MD 34823 1819 3 find find VB 34823 1819 4 that that IN 34823 1819 5 this this DT 34823 1819 6 method method NN 34823 1819 7 of of IN 34823 1819 8 discussion discussion NN 34823 1819 9 will will MD 34823 1819 10 furnish furnish VB 34823 1819 11 a a DT 34823 1819 12 convenient convenient JJ 34823 1819 13 outline outline NN 34823 1819 14 on on IN 34823 1819 15 which which WDT 34823 1819 16 to to TO 34823 1819 17 present present VB 34823 1819 18 our -PRON- PRP$ 34823 1819 19 final final JJ 34823 1819 20 criticisms criticism NNS 34823 1819 21 of of IN 34823 1819 22 the the DT 34823 1819 23 quantity quantity NN 34823 1819 24 theory theory NN 34823 1819 25 , , , 34823 1819 26 and and CC 34823 1819 27 parts part NNS 34823 1819 28 of of IN 34823 1819 29 the the DT 34823 1819 30 constructive constructive JJ 34823 1819 31 doctrine doctrine NN 34823 1819 32 of of IN 34823 1819 33 the the DT 34823 1819 34 present present JJ 34823 1819 35 book book NN 34823 1819 36 . . . 34823 1820 1 First first RB 34823 1820 2 , , , 34823 1820 3 Professor Professor NNP 34823 1820 4 Fisher Fisher NNP 34823 1820 5 presents present VBZ 34823 1820 6 in in IN 34823 1820 7 the the DT 34823 1820 8 baldest bald JJS 34823 1820 9 possible possible JJ 34823 1820 10 form form NN 34823 1820 11 the the DT 34823 1820 12 dodo dodo NN 34823 1820 13 - - HYPH 34823 1820 14 bone bone NN 34823 1820 15 doctrine doctrine NN 34823 1820 16 . . . 34823 1821 1 The the DT 34823 1821 2 quality quality NN 34823 1821 3 of of IN 34823 1821 4 money money NN 34823 1821 5 is be VBZ 34823 1821 6 irrelevant irrelevant JJ 34823 1821 7 . . . 34823 1822 1 The the DT 34823 1822 2 sole sole JJ 34823 1822 3 question question NN 34823 1822 4 of of IN 34823 1822 5 importance importance NN 34823 1822 6 is be VBZ 34823 1822 7 as as IN 34823 1822 8 to to IN 34823 1822 9 its -PRON- PRP$ 34823 1822 10 quantity quantity NN 34823 1822 11 -- -- : 34823 1822 12 the the DT 34823 1822 13 number number NN 34823 1822 14 of of IN 34823 1822 15 money money NN 34823 1822 16 - - HYPH 34823 1822 17 units unit NNS 34823 1822 18 . . . 34823 1823 1 [ [ -LRB- 34823 1823 2 134 134 CD 34823 1823 3 ] ] -RRB- 34823 1823 4 I -PRON- PRP 34823 1823 5 shall shall MD 34823 1823 6 not not RB 34823 1823 7 here here RB 34823 1823 8 discuss discuss VB 34823 1823 9 this this DT 34823 1823 10 point point NN 34823 1823 11 , , , 34823 1823 12 as as IN 34823 1823 13 a a DT 34823 1823 14 previous previous JJ 34823 1823 15 chapter chapter NN 34823 1823 16 has have VBZ 34823 1823 17 given give VBN 34823 1823 18 it -PRON- PRP 34823 1823 19 extended extended JJ 34823 1823 20 analysis analysis NN 34823 1823 21 , , , 34823 1823 22 except except IN 34823 1823 23 to to TO 34823 1823 24 repeat repeat VB 34823 1823 25 that that IN 34823 1823 26 it -PRON- PRP 34823 1823 27 is be VBZ 34823 1823 28 in in IN 34823 1823 29 fact fact NN 34823 1823 30 an an DT 34823 1823 31 essential essential JJ 34823 1823 32 part part NN 34823 1823 33 of of IN 34823 1823 34 the the DT 34823 1823 35 quantity quantity NN 34823 1823 36 theory theory NN 34823 1823 37 . . . 34823 1824 1 If if IN 34823 1824 2 the the DT 34823 1824 3 _ _ NNP 34823 1824 4 quality quality NN 34823 1824 5 _ _ NNP 34823 1824 6 of of IN 34823 1824 7 money money NN 34823 1824 8 is be VBZ 34823 1824 9 a a DT 34823 1824 10 factor factor NN 34823 1824 11 , , , 34823 1824 12 a a DT 34823 1824 13 necessary necessary JJ 34823 1824 14 factor factor NN 34823 1824 15 , , , 34823 1824 16 to to TO 34823 1824 17 consider consider VB 34823 1824 18 , , , 34823 1824 19 then then RB 34823 1824 20 obviously obviously RB 34823 1824 21 we -PRON- PRP 34823 1824 22 have have VBP 34823 1824 23 something something NN 34823 1824 24 which which WDT 34823 1824 25 will will MD 34823 1824 26 disturb disturb VB 34823 1824 27 the the DT 34823 1824 28 mechanical mechanical JJ 34823 1824 29 certainty certainty NN 34823 1824 30 of of IN 34823 1824 31 the the DT 34823 1824 32 quantity quantity NN 34823 1824 33 theory theory NN 34823 1824 34 . . . 34823 1825 1 Professor Professor NNP 34823 1825 2 Fisher Fisher NNP 34823 1825 3 is be VBZ 34823 1825 4 thoroughly thoroughly RB 34823 1825 5 consistent consistent JJ 34823 1825 6 with with IN 34823 1825 7 the the DT 34823 1825 8 spirit spirit NN 34823 1825 9 of of IN 34823 1825 10 his -PRON- PRP$ 34823 1825 11 general general JJ 34823 1825 12 doctrine doctrine NN 34823 1825 13 on on IN 34823 1825 14 this this DT 34823 1825 15 point point NN 34823 1825 16 . . . 34823 1826 1 Second second JJ 34823 1826 2 , , , 34823 1826 3 Professor Professor NNP 34823 1826 4 Fisher Fisher NNP 34823 1826 5 has have VBZ 34823 1826 6 no no DT 34823 1826 7 absolute absolute JJ 34823 1826 8 value value NN 34823 1826 9 in in IN 34823 1826 10 his -PRON- PRP$ 34823 1826 11 scheme scheme NN 34823 1826 12 . . . 34823 1827 1 By by IN 34823 1827 2 the the DT 34823 1827 3 value value NN 34823 1827 4 of of IN 34823 1827 5 money money NN 34823 1827 6 he -PRON- PRP 34823 1827 7 means mean VBZ 34823 1827 8 merely merely RB 34823 1827 9 its -PRON- PRP$ 34823 1827 10 purchasing purchasing NN 34823 1827 11 power power NN 34823 1827 12 , , , 34823 1827 13 and and CC 34823 1827 14 by by IN 34823 1827 15 its -PRON- PRP$ 34823 1827 16 purchasing purchasing NN 34823 1827 17 power power NN 34823 1827 18 he -PRON- PRP 34823 1827 19 means mean VBZ 34823 1827 20 nothing nothing NN 34823 1827 21 more more JJR 34823 1827 22 than than IN 34823 1827 23 the the DT 34823 1827 24 fact fact NN 34823 1827 25 that that IN 34823 1827 26 it -PRON- PRP 34823 1827 27 does do VBZ 34823 1827 28 purchase purchase VB 34823 1827 29 : : : 34823 1827 30 the the DT 34823 1827 31 purchasing purchasing NN 34823 1827 32 power power NN 34823 1827 33 of of IN 34823 1827 34 money money NN 34823 1827 35 is be VBZ 34823 1827 36 defined define VBN 34823 1827 37 as as IN 34823 1827 38 the the DT 34823 1827 39 reciprocal reciprocal NN 34823 1827 40 of of IN 34823 1827 41 the the DT 34823 1827 42 level level NN 34823 1827 43 of of IN 34823 1827 44 prices price NNS 34823 1827 45 , , , 34823 1827 46 " " '' 34823 1827 47 so so IN 34823 1827 48 that that IN 34823 1827 49 the the DT 34823 1827 50 study study NN 34823 1827 51 of of IN 34823 1827 52 the the DT 34823 1827 53 purchasing purchasing NN 34823 1827 54 power power NN 34823 1827 55 of of IN 34823 1827 56 money money NN 34823 1827 57 is be VBZ 34823 1827 58 identical identical JJ 34823 1827 59 with with IN 34823 1827 60 the the DT 34823 1827 61 study study NN 34823 1827 62 of of IN 34823 1827 63 price price NN 34823 1827 64 levels level NNS 34823 1827 65 . . . 34823 1827 66 " " '' 34823 1828 1 ( ( -LRB- 34823 1828 2 _ _ NNP 34823 1828 3 Loc Loc NNP 34823 1828 4 . . . 34823 1829 1 cit cit NNP 34823 1829 2 . . . 34823 1829 3 _ _ NNP 34823 1829 4 , , , 34823 1829 5 p. p. NN 34823 1830 1 14 14 CD 34823 1830 2 . . . 34823 1830 3 ) ) -RRB- 34823 1831 1 In in IN 34823 1831 2 this this DT 34823 1831 3 , , , 34823 1831 4 again again RB 34823 1831 5 , , , 34823 1831 6 Professor Professor NNP 34823 1831 7 Fisher Fisher NNP 34823 1831 8 is be VBZ 34823 1831 9 absolutely absolutely RB 34823 1831 10 true true JJ 34823 1831 11 to to IN 34823 1831 12 the the DT 34823 1831 13 spirit spirit NN 34823 1831 14 and and CC 34823 1831 15 logic logic NN 34823 1831 16 of of IN 34823 1831 17 the the DT 34823 1831 18 quantity quantity NN 34823 1831 19 theory theory NN 34823 1831 20 doctrine doctrine NN 34823 1831 21 . . . 34823 1832 1 The the DT 34823 1832 2 equilibration equilibration NN 34823 1832 3 of of IN 34823 1832 4 numbers number NNS 34823 1832 5 of of IN 34823 1832 6 goods good NNS 34823 1832 7 , , , 34823 1832 8 and and CC 34823 1832 9 numbers number NNS 34823 1832 10 of of IN 34823 1832 11 dollars dollar NNS 34823 1832 12 , , , 34823 1832 13 in in IN 34823 1832 14 a a DT 34823 1832 15 mechanical mechanical JJ 34823 1832 16 scheme scheme NN 34823 1832 17 , , , 34823 1832 18 gives give VBZ 34823 1832 19 prices price NNS 34823 1832 20 -- -- : 34823 1832 21 an an DT 34823 1832 22 average average NN 34823 1832 23 of of IN 34823 1832 24 prices price NNS 34823 1832 25 , , , 34823 1832 26 and and CC 34823 1832 27 nothing nothing NN 34823 1832 28 else else RB 34823 1832 29 . . . 34823 1833 1 Any any DT 34823 1833 2 psychological psychological JJ 34823 1833 3 values value NNS 34823 1833 4 of of IN 34823 1833 5 goods good NNS 34823 1833 6 or or CC 34823 1833 7 of of IN 34823 1833 8 dollars dollar NNS 34823 1833 9 would would MD 34823 1833 10 upset upset VB 34823 1833 11 the the DT 34823 1833 12 mechanism mechanism NN 34823 1833 13 , , , 34823 1833 14 and and CC 34823 1833 15 mess mess NN 34823 1833 16 things thing NNS 34823 1833 17 up up RP 34823 1833 18 . . . 34823 1834 1 They -PRON- PRP 34823 1834 2 are be VBP 34823 1834 3 properly properly RB 34823 1834 4 left leave VBN 34823 1834 5 out out RP 34823 1834 6 , , , 34823 1834 7 if if IN 34823 1834 8 one one CD 34823 1834 9 is be VBZ 34823 1834 10 to to TO 34823 1834 11 be be VB 34823 1834 12 happy happy JJ 34823 1834 13 with with IN 34823 1834 14 the the DT 34823 1834 15 quantity quantity NN 34823 1834 16 theory theory NN 34823 1834 17 . . . 34823 1835 1 Fisher Fisher NNP 34823 1835 2 , , , 34823 1835 3 in in IN 34823 1835 4 discussion discussion NN 34823 1835 5 of of IN 34823 1835 6 Kemmerer Kemmerer NNP 34823 1835 7 's 's POS 34823 1835 8 _ _ NNP 34823 1835 9 Money Money NNP 34823 1835 10 and and CC 34823 1835 11 Credit Credit NNP 34823 1835 12 Instruments Instruments NNPS 34823 1835 13 _ _ NNP 34823 1835 14 , , , 34823 1835 15 has have VBZ 34823 1835 16 criticised criticise VBN 34823 1835 17 the the DT 34823 1835 18 exposition exposition NN 34823 1835 19 of of IN 34823 1835 20 the the DT 34823 1835 21 utility utility NN 34823 1835 22 theory theory NN 34823 1835 23 of of IN 34823 1835 24 value value NN 34823 1835 25 with with IN 34823 1835 26 which which WDT 34823 1835 27 Kemmerer Kemmerer NNP 34823 1835 28 prefaces preface VBZ 34823 1835 29 his -PRON- PRP$ 34823 1835 30 exposition exposition NN 34823 1835 31 of of IN 34823 1835 32 the the DT 34823 1835 33 quantity quantity NN 34823 1835 34 theory theory NN 34823 1835 35 , , , 34823 1835 36 as as IN 34823 1835 37 " " `` 34823 1835 38 fifth fifth JJ 34823 1835 39 wheel wheel NN 34823 1835 40 . . . 34823 1835 41 " " '' 34823 1836 1 I -PRON- PRP 34823 1836 2 agree agree VBP 34823 1836 3 thoroughly thoroughly RB 34823 1836 4 with with IN 34823 1836 5 Fisher Fisher NNP 34823 1836 6 's 's POS 34823 1836 7 view view NN 34823 1836 8 in in IN 34823 1836 9 this this DT 34823 1836 10 , , , 34823 1836 11 and and CC 34823 1836 12 would would MD 34823 1836 13 add add VB 34823 1836 14 that that IN 34823 1836 15 the the DT 34823 1836 16 only only JJ 34823 1836 17 reason reason NN 34823 1836 18 that that IN 34823 1836 19 it -PRON- PRP 34823 1836 20 has have VBZ 34823 1836 21 made make VBN 34823 1836 22 Kemmerer Kemmerer NNP 34823 1836 23 little little JJ 34823 1836 24 trouble trouble NN 34823 1836 25 in in IN 34823 1836 26 the the DT 34823 1836 27 development development NN 34823 1836 28 of of IN 34823 1836 29 his -PRON- PRP$ 34823 1836 30 quantity quantity NN 34823 1836 31 theory theory NN 34823 1836 32 is be VBZ 34823 1836 33 that that IN 34823 1836 34 he -PRON- PRP 34823 1836 35 has have VBZ 34823 1836 36 made make VBN 34823 1836 37 virtually virtually RB 34823 1836 38 no no DT 34823 1836 39 use use NN 34823 1836 40 of of IN 34823 1836 41 it -PRON- PRP 34823 1836 42 there there RB 34823 1836 43 ! ! . 34823 1837 1 The the DT 34823 1837 2 two two CD 34823 1837 3 bodies body NNS 34823 1837 4 of of IN 34823 1837 5 doctrine doctrine NN 34823 1837 6 , , , 34823 1837 7 in in IN 34823 1837 8 Kemmerer Kemmerer NNP 34823 1837 9 's 's POS 34823 1837 10 exposition exposition NN 34823 1837 11 , , , 34823 1837 12 are be VBP 34823 1837 13 kept keep VBN 34823 1837 14 , , , 34823 1837 15 on on IN 34823 1837 16 the the DT 34823 1837 17 whole whole NN 34823 1837 18 , , , 34823 1837 19 in in IN 34823 1837 20 separate separate JJ 34823 1837 21 chapters chapter NNS 34823 1837 22 , , , 34823 1837 23 well well RB 34823 1837 24 insulated insulated JJ 34823 1837 25 . . . 34823 1838 1 Coupled couple VBN 34823 1838 2 with with IN 34823 1838 3 this this DT 34823 1838 4 purely purely RB 34823 1838 5 relative relative JJ 34823 1838 6 conception conception NN 34823 1838 7 of of IN 34823 1838 8 the the DT 34823 1838 9 value value NN 34823 1838 10 of of IN 34823 1838 11 money money NN 34823 1838 12 , , , 34823 1838 13 however however RB 34823 1838 14 , , , 34823 1838 15 there there EX 34823 1838 16 is be VBZ 34823 1838 17 , , , 34823 1838 18 in in IN 34823 1838 19 Fisher Fisher NNP 34823 1838 20 's 's POS 34823 1838 21 scheme scheme NN 34823 1838 22 , , , 34823 1838 23 an an DT 34823 1838 24 effort effort NN 34823 1838 25 to to TO 34823 1838 26 get get VB 34823 1838 27 an an DT 34823 1838 28 absolute absolute JJ 34823 1838 29 out out IN 34823 1838 30 of of IN 34823 1838 31 it -PRON- PRP 34823 1838 32 : : : 34823 1838 33 the the DT 34823 1838 34 general general JJ 34823 1838 35 price price NN 34823 1838 36 - - HYPH 34823 1838 37 level level NN 34823 1838 38 is be VBZ 34823 1838 39 declared declare VBN 34823 1838 40 to to TO 34823 1838 41 be be VB 34823 1838 42 independent independent JJ 34823 1838 43 of of IN 34823 1838 44 , , , 34823 1838 45 and and CC 34823 1838 46 causally causally RB 34823 1838 47 prior prior JJ 34823 1838 48 to,[135 to,[135 NNS 34823 1838 49 ] ] -RRB- 34823 1838 50 the the DT 34823 1838 51 particular particular JJ 34823 1838 52 prices price NNS 34823 1838 53 of of IN 34823 1838 54 which which WDT 34823 1838 55 it -PRON- PRP 34823 1838 56 is be VBZ 34823 1838 57 an an DT 34823 1838 58 average average NN 34823 1838 59 . . . 34823 1839 1 I -PRON- PRP 34823 1839 2 mention mention VBP 34823 1839 3 this this DT 34823 1839 4 remarkable remarkable JJ 34823 1839 5 doctrine doctrine NN 34823 1839 6 here here RB 34823 1839 7 , , , 34823 1839 8 reserving reserve VBG 34823 1839 9 its -PRON- PRP$ 34823 1839 10 discussion discussion NN 34823 1839 11 for for IN 34823 1839 12 a a DT 34823 1839 13 later later JJ 34823 1839 14 chapter chapter NN 34823 1839 15 . . . 34823 1840 1 [ [ -LRB- 34823 1840 2 136 136 CD 34823 1840 3 ] ] -RRB- 34823 1840 4 A a DT 34823 1840 5 further further JJ 34823 1840 6 feature feature NN 34823 1840 7 of of IN 34823 1840 8 Professor Professor NNP 34823 1840 9 Fisher Fisher NNP 34823 1840 10 's 's POS 34823 1840 11 system system NN 34823 1840 12 , , , 34823 1840 13 to to TO 34823 1840 14 which which WDT 34823 1840 15 especial especial JJ 34823 1840 16 attention attention NN 34823 1840 17 must must MD 34823 1840 18 be be VB 34823 1840 19 given give VBN 34823 1840 20 , , , 34823 1840 21 is be VBZ 34823 1840 22 the the DT 34823 1840 23 large large JJ 34823 1840 24 rôle rôle NNS 34823 1840 25 played play VBN 34823 1840 26 in in IN 34823 1840 27 it -PRON- PRP 34823 1840 28 by by IN 34823 1840 29 the the DT 34823 1840 30 " " `` 34823 1840 31 equation equation NNP 34823 1840 32 of of IN 34823 1840 33 exchange exchange NN 34823 1840 34 . . . 34823 1840 35 " " '' 34823 1841 1 This this DT 34823 1841 2 device device NN 34823 1841 3 has have VBZ 34823 1841 4 been be VBN 34823 1841 5 used use VBN 34823 1841 6 by by IN 34823 1841 7 other other JJ 34823 1841 8 writers writer NNS 34823 1841 9 before before IN 34823 1841 10 him -PRON- PRP 34823 1841 11 , , , 34823 1841 12 notably notably RB 34823 1841 13 by by IN 34823 1841 14 Newcomb Newcomb NNP 34823 1841 15 , , , 34823 1841 16 Hadley Hadley NNP 34823 1841 17 , , , 34823 1841 18 and and CC 34823 1841 19 Kemmerer Kemmerer NNP 34823 1841 20 , , , 34823 1841 21 receiving receive VBG 34823 1841 22 at at IN 34823 1841 23 the the DT 34823 1841 24 hands hand NNS 34823 1841 25 of of IN 34823 1841 26 the the DT 34823 1841 27 last last JJ 34823 1841 28 named name VBN 34823 1841 29 an an DT 34823 1841 30 elaborate elaborate JJ 34823 1841 31 analysis analysis NN 34823 1841 32 . . . 34823 1842 1 But but CC 34823 1842 2 Fisher Fisher NNP 34823 1842 3 , , , 34823 1842 4 basing base VBG 34823 1842 5 his -PRON- PRP$ 34823 1842 6 work work NN 34823 1842 7 on on IN 34823 1842 8 Kemmerer Kemmerer NNP 34823 1842 9 's 's POS 34823 1842 10 , , , 34823 1842 11 has have VBZ 34823 1842 12 made make VBN 34823 1842 13 even even RB 34823 1842 14 more more RBR 34823 1842 15 extensive extensive JJ 34823 1842 16 use use NN 34823 1842 17 of of IN 34823 1842 18 the the DT 34823 1842 19 " " `` 34823 1842 20 equation equation NNP 34823 1842 21 of of IN 34823 1842 22 exchange exchange NNP 34823 1842 23 , , , 34823 1842 24 " " '' 34823 1842 25 and and CC 34823 1842 26 has have VBZ 34823 1842 27 given give VBN 34823 1842 28 it -PRON- PRP 34823 1842 29 a a DT 34823 1842 30 form form NN 34823 1842 31 which which WDT 34823 1842 32 calls call VBZ 34823 1842 33 for for IN 34823 1842 34 special special JJ 34823 1842 35 consideration consideration NN 34823 1842 36 . . . 34823 1843 1 [ [ -LRB- 34823 1843 2 137 137 CD 34823 1843 3 ] ] -RRB- 34823 1843 4 The the DT 34823 1843 5 " " `` 34823 1843 6 equation equation NN 34823 1843 7 of of IN 34823 1843 8 exchange exchange NN 34823 1843 9 , , , 34823 1843 10 " " '' 34823 1843 11 on on IN 34823 1843 12 the the DT 34823 1843 13 face face NN 34823 1843 14 of of IN 34823 1843 15 it -PRON- PRP 34823 1843 16 , , , 34823 1843 17 makes make VBZ 34823 1843 18 an an DT 34823 1843 19 exceedingly exceedingly RB 34823 1843 20 simple simple JJ 34823 1843 21 and and CC 34823 1843 22 obvious obvious JJ 34823 1843 23 statement statement NN 34823 1843 24 . . . 34823 1844 1 Properly properly RB 34823 1844 2 interpreted interpret VBN 34823 1844 3 , , , 34823 1844 4 it -PRON- PRP 34823 1844 5 is be VBZ 34823 1844 6 a a DT 34823 1844 7 perfectly perfectly RB 34823 1844 8 harmless harmless JJ 34823 1844 9 -- -- : 34823 1844 10 and and CC 34823 1844 11 , , , 34823 1844 12 in in IN 34823 1844 13 the the DT 34823 1844 14 present present JJ 34823 1844 15 writer writer NN 34823 1844 16 's 's POS 34823 1844 17 opinion opinion NN 34823 1844 18 , , , 34823 1844 19 useless useless JJ 34823 1844 20 -- -- : 34823 1844 21 statement statement NN 34823 1844 22 . . . 34823 1845 1 It -PRON- PRP 34823 1845 2 gives give VBZ 34823 1845 3 rise rise NN 34823 1845 4 to to IN 34823 1845 5 complications complication NNS 34823 1845 6 , , , 34823 1845 7 however however RB 34823 1845 8 , , , 34823 1845 9 as as IN 34823 1845 10 to to IN 34823 1845 11 the the DT 34823 1845 12 meaning meaning NN 34823 1845 13 of of IN 34823 1845 14 the the DT 34823 1845 15 algebraic algebraic JJ 34823 1845 16 terms term NNS 34823 1845 17 employed employ VBN 34823 1845 18 , , , 34823 1845 19 which which WDT 34823 1845 20 we -PRON- PRP 34823 1845 21 shall shall MD 34823 1845 22 have have VB 34823 1845 23 to to TO 34823 1845 24 study study VB 34823 1845 25 with with IN 34823 1845 26 care care NN 34823 1845 27 . . . 34823 1846 1 The the DT 34823 1846 2 starting starting NN 34823 1846 3 point point NN 34823 1846 4 is be VBZ 34823 1846 5 a a DT 34823 1846 6 single single JJ 34823 1846 7 exchange exchange NN 34823 1846 8 : : : 34823 1846 9 a a DT 34823 1846 10 person person NN 34823 1846 11 buys buy VBZ 34823 1846 12 10 10 CD 34823 1846 13 pounds pound NNS 34823 1846 14 of of IN 34823 1846 15 sugar sugar NN 34823 1846 16 at at IN 34823 1846 17 seven seven CD 34823 1846 18 cents cent NNS 34823 1846 19 a a DT 34823 1846 20 pound pound NN 34823 1846 21 . . . 34823 1847 1 " " `` 34823 1847 2 This this DT 34823 1847 3 is be VBZ 34823 1847 4 an an DT 34823 1847 5 exchange exchange NN 34823 1847 6 transaction transaction NN 34823 1847 7 in in IN 34823 1847 8 which which WDT 34823 1847 9 10 10 CD 34823 1847 10 pounds pound NNS 34823 1847 11 of of IN 34823 1847 12 sugar sugar NN 34823 1847 13 have have VBP 34823 1847 14 been be VBN 34823 1847 15 regarded regard VBN 34823 1847 16 as as RB 34823 1847 17 equal equal JJ 34823 1847 18 to to IN 34823 1847 19 70 70 CD 34823 1847 20 cents cent NNS 34823 1847 21 , , , 34823 1847 22 and and CC 34823 1847 23 this this DT 34823 1847 24 fact fact NN 34823 1847 25 may may MD 34823 1847 26 be be VB 34823 1847 27 expressed express VBN 34823 1847 28 thus thus RB 34823 1847 29 : : : 34823 1847 30 70 70 CD 34823 1847 31 cents cent NNS 34823 1847 32 = = SYM 34823 1847 33 10 10 CD 34823 1847 34 pounds pound NNS 34823 1847 35 of of IN 34823 1847 36 sugar sugar NN 34823 1847 37 multiplied multiply VBN 34823 1847 38 by by IN 34823 1847 39 7 7 CD 34823 1847 40 cents cent NNS 34823 1847 41 a a DT 34823 1847 42 pound pound NN 34823 1847 43 . . . 34823 1848 1 Every every DT 34823 1848 2 other other JJ 34823 1848 3 sale sale NN 34823 1848 4 and and CC 34823 1848 5 purchase purchase NN 34823 1848 6 may may MD 34823 1848 7 be be VB 34823 1848 8 expressed express VBN 34823 1848 9 similarly similarly RB 34823 1848 10 , , , 34823 1848 11 and and CC 34823 1848 12 by by IN 34823 1848 13 adding add VBG 34823 1848 14 them -PRON- PRP 34823 1848 15 all all DT 34823 1848 16 together together RB 34823 1848 17 we -PRON- PRP 34823 1848 18 get get VBP 34823 1848 19 the the DT 34823 1848 20 equation equation NN 34823 1848 21 of of IN 34823 1848 22 exchange exchange NNP 34823 1848 23 _ _ NNP 34823 1848 24 for for IN 34823 1848 25 a a DT 34823 1848 26 certain certain JJ 34823 1848 27 period period NN 34823 1848 28 in in IN 34823 1848 29 a a DT 34823 1848 30 given give VBN 34823 1848 31 community community NN 34823 1848 32 _ _ NNP 34823 1848 33 . . . 34823 1849 1 " " `` 34823 1849 2 [ [ -LRB- 34823 1849 3 138 138 CD 34823 1849 4 ] ] -RRB- 34823 1849 5 The the DT 34823 1849 6 money money NN 34823 1849 7 employed employ VBN 34823 1849 8 in in IN 34823 1849 9 these these DT 34823 1849 10 transactions transaction NNS 34823 1849 11 usually usually RB 34823 1849 12 serves serve VBZ 34823 1849 13 several several JJ 34823 1849 14 times time NNS 34823 1849 15 , , , 34823 1849 16 and and CC 34823 1849 17 hence hence RB 34823 1849 18 the the DT 34823 1849 19 money money NN 34823 1849 20 side side NN 34823 1849 21 of of IN 34823 1849 22 the the DT 34823 1849 23 equation equation NN 34823 1849 24 is be VBZ 34823 1849 25 greater great JJR 34823 1849 26 than than IN 34823 1849 27 the the DT 34823 1849 28 total total JJ 34823 1849 29 amount amount NN 34823 1849 30 of of IN 34823 1849 31 money money NN 34823 1849 32 in in IN 34823 1849 33 circulation circulation NN 34823 1849 34 . . . 34823 1850 1 In in IN 34823 1850 2 the the DT 34823 1850 3 preliminary preliminary JJ 34823 1850 4 statement statement NN 34823 1850 5 of of IN 34823 1850 6 the the DT 34823 1850 7 equation equation NNP 34823 1850 8 of of IN 34823 1850 9 exchange exchange NN 34823 1850 10 , , , 34823 1850 11 foreign foreign JJ 34823 1850 12 trade trade NN 34823 1850 13 , , , 34823 1850 14 and and CC 34823 1850 15 the the DT 34823 1850 16 use use NN 34823 1850 17 of of IN 34823 1850 18 anything anything NN 34823 1850 19 but but CC 34823 1850 20 money money NN 34823 1850 21 in in IN 34823 1850 22 exchanges exchange NNS 34823 1850 23 are be VBP 34823 1850 24 ignored ignore VBN 34823 1850 25 , , , 34823 1850 26 but but CC 34823 1850 27 later later RB 34823 1850 28 formulations formulation NNS 34823 1850 29 of of IN 34823 1850 30 the the DT 34823 1850 31 equations equation NNS 34823 1850 32 are be VBP 34823 1850 33 made make VBN 34823 1850 34 to to TO 34823 1850 35 allow allow VB 34823 1850 36 for for IN 34823 1850 37 them -PRON- PRP 34823 1850 38 . . . 34823 1851 1 " " `` 34823 1851 2 The the DT 34823 1851 3 equation equation NN 34823 1851 4 of of IN 34823 1851 5 exchange exchange NN 34823 1851 6 is be VBZ 34823 1851 7 simply simply RB 34823 1851 8 the the DT 34823 1851 9 sum sum NN 34823 1851 10 of of IN 34823 1851 11 the the DT 34823 1851 12 equations equation NNS 34823 1851 13 involved involve VBN 34823 1851 14 in in IN 34823 1851 15 all all DT 34823 1851 16 individual individual JJ 34823 1851 17 exchanges exchange NNS 34823 1851 18 in in IN 34823 1851 19 a a DT 34823 1851 20 year year NN 34823 1851 21 .... .... . 34823 1851 22 And and CC 34823 1851 23 in in IN 34823 1851 24 the the DT 34823 1851 25 grand grand JJ 34823 1851 26 total total NN 34823 1851 27 of of IN 34823 1851 28 all all DT 34823 1851 29 exchanges exchange NNS 34823 1851 30 for for IN 34823 1851 31 a a DT 34823 1851 32 year year NN 34823 1851 33 , , , 34823 1851 34 the the DT 34823 1851 35 total total JJ 34823 1851 36 money money NN 34823 1851 37 paid pay VBN 34823 1851 38 is be VBZ 34823 1851 39 equal equal JJ 34823 1851 40 in in IN 34823 1851 41 value value NN 34823 1851 42 to to IN 34823 1851 43 the the DT 34823 1851 44 total total JJ 34823 1851 45 value value NN 34823 1851 46 of of IN 34823 1851 47 the the DT 34823 1851 48 goods good NNS 34823 1851 49 bought buy VBN 34823 1851 50 . . . 34823 1852 1 The the DT 34823 1852 2 equation equation NN 34823 1852 3 thus thus RB 34823 1852 4 has have VBZ 34823 1852 5 a a DT 34823 1852 6 money money NN 34823 1852 7 side side NN 34823 1852 8 and and CC 34823 1852 9 a a DT 34823 1852 10 goods good NNS 34823 1852 11 side side NN 34823 1852 12 . . . 34823 1853 1 The the DT 34823 1853 2 money money NN 34823 1853 3 side side NN 34823 1853 4 is be VBZ 34823 1853 5 the the DT 34823 1853 6 total total JJ 34823 1853 7 money money NN 34823 1853 8 paid pay VBN 34823 1853 9 , , , 34823 1853 10 and and CC 34823 1853 11 may may MD 34823 1853 12 be be VB 34823 1853 13 considered consider VBN 34823 1853 14 as as IN 34823 1853 15 the the DT 34823 1853 16 product product NN 34823 1853 17 of of IN 34823 1853 18 the the DT 34823 1853 19 quantity quantity NN 34823 1853 20 of of IN 34823 1853 21 money money NN 34823 1853 22 multiplied multiply VBN 34823 1853 23 by by IN 34823 1853 24 its -PRON- PRP$ 34823 1853 25 rapidity rapidity NN 34823 1853 26 of of IN 34823 1853 27 circulation circulation NN 34823 1853 28 . . . 34823 1854 1 The the DT 34823 1854 2 goods good NNS 34823 1854 3 side side NN 34823 1854 4 is be VBZ 34823 1854 5 made make VBN 34823 1854 6 up up RP 34823 1854 7 of of IN 34823 1854 8 the the DT 34823 1854 9 products product NNS 34823 1854 10 of of IN 34823 1854 11 quantities quantity NNS 34823 1854 12 of of IN 34823 1854 13 goods good NNS 34823 1854 14 exchanged exchange VBD 34823 1854 15 multiplied multiply VBN 34823 1854 16 by by IN 34823 1854 17 their -PRON- PRP$ 34823 1854 18 respective respective JJ 34823 1854 19 prices price NNS 34823 1854 20 . . . 34823 1854 21 " " '' 34823 1855 1 Letting let VBG 34823 1855 2 M m PRP 34823 1855 3 represent represent VB 34823 1855 4 quantity quantity NN 34823 1855 5 of of IN 34823 1855 6 money money NN 34823 1855 7 , , , 34823 1855 8 and and CC 34823 1855 9 V v LS 34823 1855 10 its -PRON- PRP$ 34823 1855 11 velocity velocity NN 34823 1855 12 or or CC 34823 1855 13 rapidity rapidity NN 34823 1855 14 of of IN 34823 1855 15 circulation circulation NN 34823 1855 16 , , , 34823 1855 17 p p NN 34823 1855 18 , , , 34823 1855 19 p p NNP 34823 1855 20 ´ ´ CD 34823 1855 21 , , , 34823 1855 22 p p NNP 34823 1855 23 ´ ´ CD 34823 1855 24 ´ ´ CD 34823 1855 25 , , , 34823 1855 26 etc etc FW 34823 1855 27 . . FW 34823 1855 28 , , , 34823 1855 29 the the DT 34823 1855 30 average average JJ 34823 1855 31 prices price NNS 34823 1855 32 for for IN 34823 1855 33 the the DT 34823 1855 34 period period NN 34823 1855 35 of of IN 34823 1855 36 different different JJ 34823 1855 37 kinds kind NNS 34823 1855 38 of of IN 34823 1855 39 goods good NNS 34823 1855 40 , , , 34823 1855 41 and and CC 34823 1855 42 Q q NN 34823 1855 43 , , , 34823 1855 44 Q Q NNP 34823 1855 45 ´ ´ CD 34823 1855 46 , , , 34823 1855 47 Q Q NNP 34823 1855 48 ´ ´ CD 34823 1855 49 ´ ´ CD 34823 1855 50 , , , 34823 1855 51 etc etc FW 34823 1855 52 . . FW 34823 1855 53 , , , 34823 1855 54 the the DT 34823 1855 55 quantities quantity NNS 34823 1855 56 of of IN 34823 1855 57 different different JJ 34823 1855 58 kinds kind NNS 34823 1855 59 of of IN 34823 1855 60 goods good NNS 34823 1855 61 , , , 34823 1855 62 we -PRON- PRP 34823 1855 63 get get VBP 34823 1855 64 the the DT 34823 1855 65 following follow VBG 34823 1855 66 equation equation NN 34823 1855 67 : : : 34823 1855 68 MV MV NNP 34823 1855 69 = = SYM 34823 1855 70 pQ pq NN 34823 1855 71 + + NFP 34823 1855 72 p´Q p´q NN 34823 1855 73 ´ ´ CD 34823 1855 74 + + SYM 34823 1855 75 p´´Q p´´q $ 34823 1855 76 ´ ´ CD 34823 1855 77 ´ ´ CD 34823 1855 78 + + CD 34823 1855 79 etc etc FW 34823 1855 80 . . . 34823 1856 1 [ [ -LRB- 34823 1856 2 139 139 CD 34823 1856 3 ] ] -RRB- 34823 1856 4 " " `` 34823 1856 5 The the DT 34823 1856 6 right right JJ 34823 1856 7 - - HYPH 34823 1856 8 hand hand NN 34823 1856 9 side side NN 34823 1856 10 of of IN 34823 1856 11 this this DT 34823 1856 12 equation equation NN 34823 1856 13 is be VBZ 34823 1856 14 the the DT 34823 1856 15 sum sum NN 34823 1856 16 of of IN 34823 1856 17 terms term NNS 34823 1856 18 of of IN 34823 1856 19 the the DT 34823 1856 20 form form NN 34823 1856 21 pQ pq NN 34823 1856 22 -- -- : 34823 1856 23 a a DT 34823 1856 24 price price NN 34823 1856 25 multiplied multiply VBN 34823 1856 26 by by IN 34823 1856 27 the the DT 34823 1856 28 quantity quantity NN 34823 1856 29 bought buy VBN 34823 1856 30 . . . 34823 1857 1 " " `` 34823 1857 2 [ [ -LRB- 34823 1857 3 140 140 CD 34823 1857 4 ] ] -RRB- 34823 1857 5 The the DT 34823 1857 6 equation equation NN 34823 1857 7 may may MD 34823 1857 8 then then RB 34823 1857 9 be be VB 34823 1857 10 written write VBN 34823 1857 11 , , , 34823 1857 12 MV MV NNP 34823 1857 13 = = NFP 34823 1857 14 [ [ -LRB- 34823 1857 15 Greek Greek NNP 34823 1857 16 : : : 34823 1857 17 S S NNP 34823 1857 18 ] ] -RRB- 34823 1857 19 pQ pQ NNP 34823 1857 20 ( ( -LRB- 34823 1857 21 Sigma Sigma NNP 34823 1857 22 being be VBG 34823 1857 23 the the DT 34823 1857 24 symbol symbol NN 34823 1857 25 of of IN 34823 1857 26 summation summation NN 34823 1857 27 ) ) -RRB- 34823 1857 28 . . . 34823 1858 1 The the DT 34823 1858 2 equation equation NN 34823 1858 3 is be VBZ 34823 1858 4 further further JJ 34823 1858 5 simplified[141 simplified[141 . 34823 1858 6 ] ] -RRB- 34823 1858 7 by by IN 34823 1858 8 rewriting rewrite VBG 34823 1858 9 the the DT 34823 1858 10 right right JJ 34823 1858 11 - - HYPH 34823 1858 12 hand hand NN 34823 1858 13 side side NN 34823 1858 14 as as IN 34823 1858 15 PT PT NNP 34823 1858 16 , , , 34823 1858 17 where where WRB 34823 1858 18 P p NN 34823 1858 19 is be VBZ 34823 1858 20 the the DT 34823 1858 21 weighted weighted JJ 34823 1858 22 _ _ NNP 34823 1858 23 average average JJ 34823 1858 24 _ _ NNP 34823 1858 25 of of IN 34823 1858 26 all all PDT 34823 1858 27 the the DT 34823 1858 28 p p NN 34823 1858 29 's 's POS 34823 1858 30 , , , 34823 1858 31 and and CC 34823 1858 32 T T NNP 34823 1858 33 is be VBZ 34823 1858 34 the the DT 34823 1858 35 _ _ NNP 34823 1858 36 sum sum NN 34823 1858 37 _ _ NNP 34823 1858 38 of of IN 34823 1858 39 all all PDT 34823 1858 40 the the DT 34823 1858 41 Q Q NNP 34823 1858 42 's 's POS 34823 1858 43 . . . 34823 1859 1 " " `` 34823 1859 2 P p NN 34823 1859 3 then then RB 34823 1859 4 represents represent VBZ 34823 1859 5 in in IN 34823 1859 6 one one CD 34823 1859 7 magnitude magnitude NN 34823 1859 8 the the DT 34823 1859 9 level level NN 34823 1859 10 of of IN 34823 1859 11 prices price NNS 34823 1859 12 , , , 34823 1859 13 and and CC 34823 1859 14 T T NNP 34823 1859 15 represents represent VBZ 34823 1859 16 in in IN 34823 1859 17 one one CD 34823 1859 18 magnitude magnitude NN 34823 1859 19 the the DT 34823 1859 20 volume volume NN 34823 1859 21 of of IN 34823 1859 22 trade trade NN 34823 1859 23 . . . 34823 1859 24 " " '' 34823 1860 1 It -PRON- PRP 34823 1860 2 may may MD 34823 1860 3 seem seem VB 34823 1860 4 like like IN 34823 1860 5 captious captious JJ 34823 1860 6 triviality triviality NN 34823 1860 7 to to TO 34823 1860 8 raise raise VB 34823 1860 9 questions question NNS 34823 1860 10 and and CC 34823 1860 11 objections objection NNS 34823 1860 12 thus thus RB 34823 1860 13 early early RB 34823 1860 14 in in IN 34823 1860 15 the the DT 34823 1860 16 exposition exposition NN 34823 1860 17 of of IN 34823 1860 18 Professor Professor NNP 34823 1860 19 Fisher Fisher NNP 34823 1860 20 's 's POS 34823 1860 21 doctrine doctrine NN 34823 1860 22 . . . 34823 1861 1 And and CC 34823 1861 2 yet yet RB 34823 1861 3 , , , 34823 1861 4 serious serious JJ 34823 1861 5 questions question NNS 34823 1861 6 are be VBP 34823 1861 7 to to TO 34823 1861 8 be be VB 34823 1861 9 raised raise VBN 34823 1861 10 . . . 34823 1862 1 First first RB 34823 1862 2 , , , 34823 1862 3 in in IN 34823 1862 4 what what WDT 34823 1862 5 sense sense NN 34823 1862 6 is be VBZ 34823 1862 7 there there EX 34823 1862 8 an an DT 34823 1862 9 equality equality NN 34823 1862 10 between between IN 34823 1862 11 the the DT 34823 1862 12 ten ten CD 34823 1862 13 pounds pound NNS 34823 1862 14 of of IN 34823 1862 15 sugar sugar NN 34823 1862 16 and and CC 34823 1862 17 the the DT 34823 1862 18 seventy seventy CD 34823 1862 19 cents cent NNS 34823 1862 20 ? ? . 34823 1863 1 Equality equality NN 34823 1863 2 exists exist VBZ 34823 1863 3 only only RB 34823 1863 4 between between IN 34823 1863 5 _ _ NNP 34823 1863 6 homogeneous homogeneous JJ 34823 1863 7 _ _ NNP 34823 1863 8 things thing NNS 34823 1863 9 . . . 34823 1864 1 In in IN 34823 1864 2 what what WDT 34823 1864 3 sense sense NN 34823 1864 4 are be VBP 34823 1864 5 money money NN 34823 1864 6 and and CC 34823 1864 7 sugar sugar NN 34823 1864 8 homogeneous homogeneous JJ 34823 1864 9 ? ? . 34823 1865 1 From from IN 34823 1865 2 my -PRON- PRP$ 34823 1865 3 own own JJ 34823 1865 4 standpoint standpoint NN 34823 1865 5 , , , 34823 1865 6 the the DT 34823 1865 7 answer answer NN 34823 1865 8 is be VBZ 34823 1865 9 easy easy JJ 34823 1865 10 : : : 34823 1865 11 money money NN 34823 1865 12 and and CC 34823 1865 13 sugar sugar NN 34823 1865 14 are be VBP 34823 1865 15 alike alike RB 34823 1865 16 in in IN 34823 1865 17 that that IN 34823 1865 18 both both DT 34823 1865 19 are be VBP 34823 1865 20 _ _ NNP 34823 1865 21 valuable valuable JJ 34823 1865 22 _ _ NNP 34823 1865 23 , , , 34823 1865 24 both both DT 34823 1865 25 possess possess VBP 34823 1865 26 the the DT 34823 1865 27 attribute attribute NN 34823 1865 28 of of IN 34823 1865 29 economic economic JJ 34823 1865 30 social social JJ 34823 1865 31 value value NN 34823 1865 32 , , , 34823 1865 33 an an DT 34823 1865 34 absolute absolute JJ 34823 1865 35 quality quality NN 34823 1865 36 and and CC 34823 1865 37 quantity quantity NN 34823 1865 38 . . . 34823 1866 1 The the DT 34823 1866 2 degree degree NN 34823 1866 3 in in IN 34823 1866 4 which which WDT 34823 1866 5 each each DT 34823 1866 6 possesses possess VBZ 34823 1866 7 this this DT 34823 1866 8 quality quality NN 34823 1866 9 determines determine VBZ 34823 1866 10 the the DT 34823 1866 11 exchange exchange NN 34823 1866 12 relation relation NN 34823 1866 13 between between IN 34823 1866 14 them -PRON- PRP 34823 1866 15 . . . 34823 1867 1 And and CC 34823 1867 2 the the DT 34823 1867 3 degree degree NN 34823 1867 4 in in IN 34823 1867 5 which which WDT 34823 1867 6 each each DT 34823 1867 7 other other JJ 34823 1867 8 good good JJ 34823 1867 9 possesses possesse NNS 34823 1867 10 this this DT 34823 1867 11 quality quality NN 34823 1867 12 , , , 34823 1867 13 taken take VBN 34823 1867 14 in in IN 34823 1867 15 conjunction conjunction NN 34823 1867 16 with with IN 34823 1867 17 the the DT 34823 1867 18 value value NN 34823 1867 19 of of IN 34823 1867 20 money money NN 34823 1867 21 , , , 34823 1867 22 determines determine VBZ 34823 1867 23 every every DT 34823 1867 24 other other JJ 34823 1867 25 particular particular JJ 34823 1867 26 price price NN 34823 1867 27 . . . 34823 1868 1 Finally finally RB 34823 1868 2 , , , 34823 1868 3 an an DT 34823 1868 4 average average NN 34823 1868 5 of of IN 34823 1868 6 these these DT 34823 1868 7 particular particular JJ 34823 1868 8 prices price NNS 34823 1868 9 , , , 34823 1868 10 each each DT 34823 1868 11 determined determine VBN 34823 1868 12 in in IN 34823 1868 13 this this DT 34823 1868 14 way way NN 34823 1868 15 , , , 34823 1868 16 gives give VBZ 34823 1868 17 us -PRON- PRP 34823 1868 18 the the DT 34823 1868 19 general general JJ 34823 1868 20 price price NN 34823 1868 21 - - HYPH 34823 1868 22 level level NN 34823 1868 23 . . . 34823 1869 1 The the DT 34823 1869 2 value value NN 34823 1869 3 of of IN 34823 1869 4 the the DT 34823 1869 5 money money NN 34823 1869 6 , , , 34823 1869 7 on on IN 34823 1869 8 the the DT 34823 1869 9 one one CD 34823 1869 10 hand hand NN 34823 1869 11 , , , 34823 1869 12 and and CC 34823 1869 13 the the DT 34823 1869 14 values value NNS 34823 1869 15 of of IN 34823 1869 16 the the DT 34823 1869 17 goods good NNS 34823 1869 18 on on IN 34823 1869 19 the the DT 34823 1869 20 other other JJ 34823 1869 21 hand hand NN 34823 1869 22 , , , 34823 1869 23 are be VBP 34823 1869 24 both both DT 34823 1869 25 to to TO 34823 1869 26 be be VB 34823 1869 27 explained explain VBN 34823 1869 28 as as IN 34823 1869 29 complex complex JJ 34823 1869 30 social social JJ 34823 1869 31 psychological psychological JJ 34823 1869 32 forces force NNS 34823 1869 33 . . . 34823 1870 1 But but CC 34823 1870 2 when when WRB 34823 1870 3 this this DT 34823 1870 4 method method NN 34823 1870 5 of of IN 34823 1870 6 approach approach NN 34823 1870 7 is be VBZ 34823 1870 8 used use VBN 34823 1870 9 , , , 34823 1870 10 when when WRB 34823 1870 11 prices price NNS 34823 1870 12 are be VBP 34823 1870 13 conceived conceive VBN 34823 1870 14 of of IN 34823 1870 15 as as IN 34823 1870 16 the the DT 34823 1870 17 results result NNS 34823 1870 18 of of IN 34823 1870 19 organic organic JJ 34823 1870 20 social social JJ 34823 1870 21 psychological psychological JJ 34823 1870 22 forces force NNS 34823 1870 23 , , , 34823 1870 24 there there EX 34823 1870 25 is be VBZ 34823 1870 26 no no DT 34823 1870 27 room room NN 34823 1870 28 for for IN 34823 1870 29 , , , 34823 1870 30 or or CC 34823 1870 31 occasion occasion NN 34823 1870 32 for for IN 34823 1870 33 , , , 34823 1870 34 a a DT 34823 1870 35 further further JJ 34823 1870 36 explanation explanation NN 34823 1870 37 in in IN 34823 1870 38 terms term NNS 34823 1870 39 of of IN 34823 1870 40 the the DT 34823 1870 41 mechanical mechanical JJ 34823 1870 42 equilibration equilibration NN 34823 1870 43 of of IN 34823 1870 44 goods good NNS 34823 1870 45 and and CC 34823 1870 46 money money NN 34823 1870 47 . . . 34823 1871 1 Professor Professor NNP 34823 1871 2 Fisher Fisher NNP 34823 1871 3 , , , 34823 1871 4 as as IN 34823 1871 5 just just RB 34823 1871 6 shown show VBN 34823 1871 7 , , , 34823 1871 8 very very RB 34823 1871 9 carefully carefully RB 34823 1871 10 excludes exclude VBZ 34823 1871 11 this this DT 34823 1871 12 and and CC 34823 1871 13 all all DT 34823 1871 14 other other JJ 34823 1871 15 psychological psychological JJ 34823 1871 16 approaches approach NNS 34823 1871 17 to to IN 34823 1871 18 his -PRON- PRP$ 34823 1871 19 problem problem NN 34823 1871 20 of of IN 34823 1871 21 general general JJ 34823 1871 22 prices price NNS 34823 1871 23 , , , 34823 1871 24 and and CC 34823 1871 25 has have VBZ 34823 1871 26 no no DT 34823 1871 27 place place NN 34823 1871 28 in in IN 34823 1871 29 his -PRON- PRP$ 34823 1871 30 system system NN 34823 1871 31 for for IN 34823 1871 32 an an DT 34823 1871 33 absolute absolute JJ 34823 1871 34 value value NN 34823 1871 35 . . . 34823 1872 1 In in IN 34823 1872 2 what what WDT 34823 1872 3 sense sense NN 34823 1872 4 , , , 34823 1872 5 then then RB 34823 1872 6 , , , 34823 1872 7 are be VBP 34823 1872 8 the the DT 34823 1872 9 sugar sugar NN 34823 1872 10 and and CC 34823 1872 11 the the DT 34823 1872 12 money money NN 34823 1872 13 equal equal JJ 34823 1872 14 ? ? . 34823 1873 1 Professor Professor NNP 34823 1873 2 Fisher Fisher NNP 34823 1873 3 says say VBZ 34823 1873 4 ( ( -LRB- 34823 1873 5 p. p. NN 34823 1873 6 17 17 CD 34823 1873 7 ) ) -RRB- 34823 1873 8 , , , 34823 1873 9 that that IN 34823 1873 10 the the DT 34823 1873 11 equation equation NN 34823 1873 12 is be VBZ 34823 1873 13 an an DT 34823 1873 14 equation equation NN 34823 1873 15 of of IN 34823 1873 16 values value NNS 34823 1873 17 . . . 34823 1874 1 But but CC 34823 1874 2 what what WP 34823 1874 3 does do VBZ 34823 1874 4 he -PRON- PRP 34823 1874 5 mean mean VB 34823 1874 6 by by IN 34823 1874 7 values value NNS 34823 1874 8 in in IN 34823 1874 9 this this DT 34823 1874 10 connection connection NN 34823 1874 11 ? ? . 34823 1875 1 Perhaps perhaps RB 34823 1875 2 a a DT 34823 1875 3 further further JJ 34823 1875 4 question question NN 34823 1875 5 may may MD 34823 1875 6 show show VB 34823 1875 7 what what WP 34823 1875 8 he -PRON- PRP 34823 1875 9 _ _ NNP 34823 1875 10 must must MD 34823 1875 11 _ _ NNP 34823 1875 12 mean mean VB 34823 1875 13 , , , 34823 1875 14 if if IN 34823 1875 15 his -PRON- PRP$ 34823 1875 16 equation equation NN 34823 1875 17 is be VBZ 34823 1875 18 to to TO 34823 1875 19 be be VB 34823 1875 20 intelligible intelligible JJ 34823 1875 21 . . . 34823 1876 1 That that DT 34823 1876 2 question question NN 34823 1876 3 is be VBZ 34823 1876 4 regarding regard VBG 34823 1876 5 the the DT 34823 1876 6 meaning meaning NN 34823 1876 7 of of IN 34823 1876 8 T. T. NNP 34823 1876 9 T T NNP 34823 1876 10 , , , 34823 1876 11 in in IN 34823 1876 12 Professor Professor NNP 34823 1876 13 Fisher Fisher NNP 34823 1876 14 's 's POS 34823 1876 15 equation equation NN 34823 1876 16 , , , 34823 1876 17 is be VBZ 34823 1876 18 defined define VBN 34823 1876 19 as as IN 34823 1876 20 the the DT 34823 1876 21 sum sum NN 34823 1876 22 of of IN 34823 1876 23 all all PDT 34823 1876 24 the the DT 34823 1876 25 Q Q NNP 34823 1876 26 's 's POS 34823 1876 27 . . . 34823 1877 1 But but CC 34823 1877 2 how how WRB 34823 1877 3 does do VBZ 34823 1877 4 one one CD 34823 1877 5 sum sum VB 34823 1877 6 up up RP 34823 1877 7 _ _ NNP 34823 1877 8 pounds pound NNS 34823 1877 9 _ _ NNP 34823 1877 10 of of IN 34823 1877 11 _ _ NNP 34823 1877 12 sugar sugar NN 34823 1877 13 _ _ NNP 34823 1877 14 , , , 34823 1877 15 _ _ NNP 34823 1877 16 loaves loaf NNS 34823 1877 17 _ _ NNP 34823 1877 18 of of IN 34823 1877 19 _ _ NNP 34823 1877 20 bread bread NN 34823 1877 21 _ _ NNP 34823 1877 22 , , , 34823 1877 23 _ _ NNP 34823 1877 24 tons ton NNS 34823 1877 25 _ _ NNP 34823 1877 26 of of IN 34823 1877 27 _ _ NNP 34823 1877 28 coal coal NN 34823 1877 29 _ _ NNP 34823 1877 30 , , , 34823 1877 31 _ _ NNP 34823 1877 32 yards yards NNP 34823 1877 33 _ _ NNP 34823 1877 34 of of IN 34823 1877 35 _ _ NNP 34823 1877 36 cloth cloth NN 34823 1877 37 _ _ NNP 34823 1877 38 , , , 34823 1877 39 etc etc FW 34823 1877 40 . . . 34823 1877 41 ? ? . 34823 1878 1 I -PRON- PRP 34823 1878 2 find find VBP 34823 1878 3 at at IN 34823 1878 4 only only RB 34823 1878 5 one one CD 34823 1878 6 place place NN 34823 1878 7 in in IN 34823 1878 8 Professor Professor NNP 34823 1878 9 Fisher Fisher NNP 34823 1878 10 's 's POS 34823 1878 11 book book NN 34823 1878 12 an an DT 34823 1878 13 effort effort NN 34823 1878 14 to to TO 34823 1878 15 answer answer VB 34823 1878 16 that that DT 34823 1878 17 question question NN 34823 1878 18 , , , 34823 1878 19 and and CC 34823 1878 20 there there RB 34823 1878 21 it -PRON- PRP 34823 1878 22 is be VBZ 34823 1878 23 not not RB 34823 1878 24 clear clear JJ 34823 1878 25 that that IN 34823 1878 26 he -PRON- PRP 34823 1878 27 means mean VBZ 34823 1878 28 to to TO 34823 1878 29 give give VB 34823 1878 30 a a DT 34823 1878 31 general general JJ 34823 1878 32 answer answer NN 34823 1878 33 . . . 34823 1879 1 He -PRON- PRP 34823 1879 2 needs need VBZ 34823 1879 3 units unit NNS 34823 1879 4 of of IN 34823 1879 5 Q Q NNP 34823 1879 6 which which WDT 34823 1879 7 shall shall MD 34823 1879 8 be be VB 34823 1879 9 homogeneous homogeneous JJ 34823 1879 10 when when WRB 34823 1879 11 he -PRON- PRP 34823 1879 12 undertakes undertake VBZ 34823 1879 13 to to TO 34823 1879 14 put put VB 34823 1879 15 concrete concrete JJ 34823 1879 16 figures figure NNS 34823 1879 17 into into IN 34823 1879 18 his -PRON- PRP$ 34823 1879 19 equation equation NN 34823 1879 20 for for IN 34823 1879 21 the the DT 34823 1879 22 purpose purpose NN 34823 1879 23 of of IN 34823 1879 24 comparing compare VBG 34823 1879 25 index index NN 34823 1879 26 numbers number NNS 34823 1879 27 and and CC 34823 1879 28 equations equation NNS 34823 1879 29 for for IN 34823 1879 30 successive successive JJ 34823 1879 31 years year NNS 34823 1879 32 . . . 34823 1880 1 " " `` 34823 1880 2 If if IN 34823 1880 3 we -PRON- PRP 34823 1880 4 now now RB 34823 1880 5 add add VBP 34823 1880 6 together together RB 34823 1880 7 these these DT 34823 1880 8 tons ton NNS 34823 1880 9 , , , 34823 1880 10 pounds pound NNS 34823 1880 11 , , , 34823 1880 12 bushels bushel NNS 34823 1880 13 , , , 34823 1880 14 etc etc FW 34823 1880 15 . . FW 34823 1880 16 , , , 34823 1880 17 and and CC 34823 1880 18 call call VB 34823 1880 19 this this DT 34823 1880 20 grand grand JJ 34823 1880 21 total total NN 34823 1880 22 so so RB 34823 1880 23 many many JJ 34823 1880 24 ' ' `` 34823 1880 25 units unit NNS 34823 1880 26 ' ' '' 34823 1880 27 of of IN 34823 1880 28 commodity commodity NN 34823 1880 29 , , , 34823 1880 30 we -PRON- PRP 34823 1880 31 shall shall MD 34823 1880 32 have have VB 34823 1880 33 a a DT 34823 1880 34 very very RB 34823 1880 35 arbitrary arbitrary JJ 34823 1880 36 summation summation NN 34823 1880 37 . . . 34823 1881 1 It -PRON- PRP 34823 1881 2 will will MD 34823 1881 3 make make VB 34823 1881 4 a a DT 34823 1881 5 difference difference NN 34823 1881 6 , , , 34823 1881 7 for for IN 34823 1881 8 instance instance NN 34823 1881 9 , , , 34823 1881 10 whether whether IN 34823 1881 11 we -PRON- PRP 34823 1881 12 measure measure VBP 34823 1881 13 coal coal NN 34823 1881 14 by by IN 34823 1881 15 tons ton NNS 34823 1881 16 or or CC 34823 1881 17 hundred hundred CD 34823 1881 18 - - HYPH 34823 1881 19 weights weight NNS 34823 1881 20 . . . 34823 1882 1 The the DT 34823 1882 2 system system NN 34823 1882 3 becomes become VBZ 34823 1882 4 less less RBR 34823 1882 5 arbitrary arbitrary JJ 34823 1882 6 if if IN 34823 1882 7 we -PRON- PRP 34823 1882 8 use use VBP 34823 1882 9 , , , 34823 1882 10 as as IN 34823 1882 11 the the DT 34823 1882 12 unit unit NN 34823 1882 13 for for IN 34823 1882 14 measuring measure VBG 34823 1882 15 any any DT 34823 1882 16 goods good NNS 34823 1882 17 , , , 34823 1882 18 not not RB 34823 1882 19 the the DT 34823 1882 20 unit unit NN 34823 1882 21 in in IN 34823 1882 22 which which WDT 34823 1882 23 it -PRON- PRP 34823 1882 24 is be VBZ 34823 1882 25 commonly commonly RB 34823 1882 26 sold sell VBN 34823 1882 27 , , , 34823 1882 28 but but CC 34823 1882 29 the the DT 34823 1882 30 amount amount NN 34823 1882 31 which which WDT 34823 1882 32 constitutes constitute VBZ 34823 1882 33 a a DT 34823 1882 34 ' ' `` 34823 1882 35 dollar dollar NN 34823 1882 36 's 's POS 34823 1882 37 worth worth NN 34823 1882 38 ' ' `` 34823 1882 39 at at IN 34823 1882 40 some some DT 34823 1882 41 particular particular JJ 34823 1882 42 year year NN 34823 1882 43 called call VBD 34823 1882 44 the the DT 34823 1882 45 base base NN 34823 1882 46 year year NN 34823 1882 47 " " '' 34823 1882 48 ( ( -LRB- 34823 1882 49 p. p. NN 34823 1882 50 196 196 CD 34823 1882 51 ) ) -RRB- 34823 1882 52 . . . 34823 1883 1 If if IN 34823 1883 2 this this DT 34823 1883 3 be be VB 34823 1883 4 merely merely RB 34823 1883 5 a a DT 34823 1883 6 device device NN 34823 1883 7 for for IN 34823 1883 8 the the DT 34823 1883 9 purpose purpose NN 34823 1883 10 of of IN 34823 1883 11 handling handle VBG 34823 1883 12 index index NN 34823 1883 13 numbers number NNS 34823 1883 14 , , , 34823 1883 15 a a DT 34823 1883 16 convention convention NN 34823 1883 17 to to TO 34823 1883 18 aid aid VB 34823 1883 19 mensuration mensuration NN 34823 1883 20 , , , 34823 1883 21 we -PRON- PRP 34823 1883 22 need need VBP 34823 1883 23 not not RB 34823 1883 24 , , , 34823 1883 25 perhaps perhaps RB 34823 1883 26 , , , 34823 1883 27 challenge challenge VB 34823 1883 28 it -PRON- PRP 34823 1883 29 . . . 34823 1884 1 The the DT 34823 1884 2 unit unit NN 34823 1884 3 chosen choose VBN 34823 1884 4 is be VBZ 34823 1884 5 , , , 34823 1884 6 in in IN 34823 1884 7 that that DT 34823 1884 8 case case NN 34823 1884 9 , , , 34823 1884 10 after after IN 34823 1884 11 all all PDT 34823 1884 12 a a DT 34823 1884 13 fixed fix VBN 34823 1884 14 physical physical JJ 34823 1884 15 quantity quantity NN 34823 1884 16 of of IN 34823 1884 17 goods good NNS 34823 1884 18 , , , 34823 1884 19 the the DT 34823 1884 20 amount amount NN 34823 1884 21 bought buy VBN 34823 1884 22 with with IN 34823 1884 23 a a DT 34823 1884 24 dollar dollar NN 34823 1884 25 in in IN 34823 1884 26 a a DT 34823 1884 27 given give VBN 34823 1884 28 year year NN 34823 1884 29 , , , 34823 1884 30 and and CC 34823 1884 31 remains remain VBZ 34823 1884 32 fixed fix VBN 34823 1884 33 as as IN 34823 1884 34 the the DT 34823 1884 35 prices price NNS 34823 1884 36 vary vary VBP 34823 1884 37 in in IN 34823 1884 38 subsequent subsequent JJ 34823 1884 39 years year NNS 34823 1884 40 . . . 34823 1885 1 That that IN 34823 1885 2 it -PRON- PRP 34823 1885 3 is be VBZ 34823 1885 4 more more JJR 34823 1885 5 " " `` 34823 1885 6 philosophical philosophical JJ 34823 1885 7 " " '' 34823 1885 8 or or CC 34823 1885 9 less less JJR 34823 1885 10 " " `` 34823 1885 11 arbitrary arbitrary JJ 34823 1885 12 " " '' 34823 1885 13 than than IN 34823 1885 14 the the DT 34823 1885 15 more more RBR 34823 1885 16 common common JJ 34823 1885 17 units unit NNS 34823 1885 18 is be VBZ 34823 1885 19 not not RB 34823 1885 20 clear clear JJ 34823 1885 21 , , , 34823 1885 22 but but CC 34823 1885 23 , , , 34823 1885 24 if if IN 34823 1885 25 it -PRON- PRP 34823 1885 26 be be VB 34823 1885 27 an an DT 34823 1885 28 answer answer NN 34823 1885 29 , , , 34823 1885 30 designed design VBN 34823 1885 31 merely merely RB 34823 1885 32 for for IN 34823 1885 33 the the DT 34823 1885 34 particular particular JJ 34823 1885 35 purpose purpose NN 34823 1885 36 , , , 34823 1885 37 and and CC 34823 1885 38 not not RB 34823 1885 39 a a DT 34823 1885 40 general general JJ 34823 1885 41 answer answer NN 34823 1885 42 , , , 34823 1885 43 it -PRON- PRP 34823 1885 44 is be VBZ 34823 1885 45 aside aside RB 34823 1885 46 from from IN 34823 1885 47 my -PRON- PRP$ 34823 1885 48 purpose purpose NN 34823 1885 49 to to TO 34823 1885 50 criticise criticise VB 34823 1885 51 it -PRON- PRP 34823 1885 52 here here RB 34823 1885 53 . . . 34823 1886 1 If if IN 34823 1886 2 , , , 34823 1886 3 however however RB 34823 1886 4 , , , 34823 1886 5 this this DT 34823 1886 6 is be VBZ 34823 1886 7 Professor Professor NNP 34823 1886 8 Fisher Fisher NNP 34823 1886 9 's 's POS 34823 1886 10 _ _ NNP 34823 1886 11 general general NN 34823 1886 12 _ _ NNP 34823 1886 13 answer answer NN 34823 1886 14 to to IN 34823 1886 15 the the DT 34823 1886 16 question question NN 34823 1886 17 of of IN 34823 1886 18 the the DT 34823 1886 19 method method NN 34823 1886 20 of of IN 34823 1886 21 summing sum VBG 34823 1886 22 up up RP 34823 1886 23 T t NN 34823 1886 24 , , , 34823 1886 25 if if IN 34823 1886 26 it -PRON- PRP 34823 1886 27 is be VBZ 34823 1886 28 to to TO 34823 1886 29 be be VB 34823 1886 30 employed employ VBN 34823 1886 31 in in IN 34823 1886 32 his -PRON- PRP$ 34823 1886 33 equation equation NN 34823 1886 34 when when WRB 34823 1886 35 the the DT 34823 1886 36 question question NN 34823 1886 37 of of IN 34823 1886 38 _ _ NNP 34823 1886 39 causation causation NN 34823 1886 40 _ _ NNP 34823 1886 41 , , , 34823 1886 42 as as IN 34823 1886 43 distinguished distinguish VBN 34823 1886 44 from from IN 34823 1886 45 _ _ NNP 34823 1886 46 mensuration mensuration NN 34823 1886 47 _ _ NNP 34823 1886 48 , , , 34823 1886 49 is be VBZ 34823 1886 50 involved involve VBN 34823 1886 51 , , , 34823 1886 52 then then RB 34823 1886 53 it -PRON- PRP 34823 1886 54 represents represent VBZ 34823 1886 55 a a DT 34823 1886 56 vicious vicious JJ 34823 1886 57 circle circle NN 34823 1886 58 . . . 34823 1887 1 If if IN 34823 1887 2 T T NNP 34823 1887 3 involves involve VBZ 34823 1887 4 the the DT 34823 1887 5 price price NN 34823 1887 6 - - HYPH 34823 1887 7 level level NN 34823 1887 8 in in IN 34823 1887 9 its -PRON- PRP$ 34823 1887 10 definition definition NN 34823 1887 11 , , , 34823 1887 12 then then RB 34823 1887 13 T T NNP 34823 1887 14 can can MD 34823 1887 15 not not RB 34823 1887 16 be be VB 34823 1887 17 used use VBN 34823 1887 18 as as IN 34823 1887 19 a a DT 34823 1887 20 causal causal JJ 34823 1887 21 factor factor NN 34823 1887 22 to to TO 34823 1887 23 explain explain VB 34823 1887 24 the the DT 34823 1887 25 price price NN 34823 1887 26 - - HYPH 34823 1887 27 level level NN 34823 1887 28 . . . 34823 1888 1 I -PRON- PRP 34823 1888 2 shall shall MD 34823 1888 3 not not RB 34823 1888 4 undertake undertake VB 34823 1888 5 to to TO 34823 1888 6 give give VB 34823 1888 7 an an DT 34823 1888 8 answer answer NN 34823 1888 9 , , , 34823 1888 10 where where WRB 34823 1888 11 Professor Professor NNP 34823 1888 12 Fisher Fisher NNP 34823 1888 13 himself -PRON- PRP 34823 1888 14 fails fail VBZ 34823 1888 15 to to TO 34823 1888 16 give give VB 34823 1888 17 one one CD 34823 1888 18 , , , 34823 1888 19 as as IN 34823 1888 20 to to IN 34823 1888 21 his -PRON- PRP$ 34823 1888 22 meaning meaning NN 34823 1888 23 . . . 34823 1889 1 I -PRON- PRP 34823 1889 2 simply simply RB 34823 1889 3 point point VBP 34823 1889 4 out out RP 34823 1889 5 that that IN 34823 1889 6 he -PRON- PRP 34823 1889 7 himself -PRON- PRP 34823 1889 8 recognizes recognize VBZ 34823 1889 9 that that IN 34823 1889 10 the the DT 34823 1889 11 summation summation NN 34823 1889 12 of of IN 34823 1889 13 the the DT 34823 1889 14 Q Q NNP 34823 1889 15 's 's POS 34823 1889 16 is be VBZ 34823 1889 17 arbitrary arbitrary JJ 34823 1889 18 without without IN 34823 1889 19 a a DT 34823 1889 20 common common JJ 34823 1889 21 unit unit NN 34823 1889 22 , , , 34823 1889 23 and and CC 34823 1889 24 that that IN 34823 1889 25 the the DT 34823 1889 26 only only JJ 34823 1889 27 common common JJ 34823 1889 28 unit unit NN 34823 1889 29 suggested suggest VBD 34823 1889 30 in in IN 34823 1889 31 his -PRON- PRP$ 34823 1889 32 book book NN 34823 1889 33 , , , 34823 1889 34 if if IN 34823 1889 35 applied apply VBN 34823 1889 36 generally generally RB 34823 1889 37 , , , 34823 1889 38 involves involve VBZ 34823 1889 39 a a DT 34823 1889 40 vicious vicious JJ 34823 1889 41 circle circle NN 34823 1889 42 . . . 34823 1890 1 What what WP 34823 1890 2 , , , 34823 1890 3 then then RB 34823 1890 4 , , , 34823 1890 5 is be VBZ 34823 1890 6 T t NN 34823 1890 7 ? ? . 34823 1891 1 Perhaps perhaps RB 34823 1891 2 another another DT 34823 1891 3 question question NN 34823 1891 4 will will MD 34823 1891 5 aid aid VB 34823 1891 6 us -PRON- PRP 34823 1891 7 in in IN 34823 1891 8 answering answer VBG 34823 1891 9 this this DT 34823 1891 10 . . . 34823 1892 1 What what WP 34823 1892 2 does do VBZ 34823 1892 3 it -PRON- PRP 34823 1892 4 mean mean VB 34823 1892 5 to to IN 34823 1892 6 _ _ NNP 34823 1892 7 multiply multiply NNP 34823 1892 8 _ _ NNP 34823 1892 9 ten ten CD 34823 1892 10 pounds pound NNS 34823 1892 11 of of IN 34823 1892 12 sugar sugar NN 34823 1892 13 by by IN 34823 1892 14 seven seven CD 34823 1892 15 cents cent NNS 34823 1892 16 ? ? . 34823 1893 1 What what WDT 34823 1893 2 sort sort NN 34823 1893 3 of of IN 34823 1893 4 product product NN 34823 1893 5 results result NNS 34823 1893 6 ? ? . 34823 1894 1 Is be VBZ 34823 1894 2 the the DT 34823 1894 3 answer answer NN 34823 1894 4 seventy seventy CD 34823 1894 5 pounds pound NNS 34823 1894 6 of of IN 34823 1894 7 sugar sugar NN 34823 1894 8 , , , 34823 1894 9 or or CC 34823 1894 10 seventy seventy CD 34823 1894 11 cents cent NNS 34823 1894 12 , , , 34823 1894 13 or or CC 34823 1894 14 some some DT 34823 1894 15 new new JJ 34823 1894 16 two two CD 34823 1894 17 - - HYPH 34823 1894 18 dimensional dimensional JJ 34823 1894 19 hybrid hybrid NN 34823 1894 20 ? ? . 34823 1895 1 One one CD 34823 1895 2 multiplies multiply VBZ 34823 1895 3 feet foot NNS 34823 1895 4 by by IN 34823 1895 5 feet foot NNS 34823 1895 6 to to TO 34823 1895 7 get get VB 34823 1895 8 _ _ NNP 34823 1895 9 square square JJ 34823 1895 10 _ _ NNP 34823 1895 11 feet foot NNS 34823 1895 12 , , , 34823 1895 13 and and CC 34823 1895 14 square square JJ 34823 1895 15 feet foot NNS 34823 1895 16 by by IN 34823 1895 17 feet foot NNS 34823 1895 18 to to TO 34823 1895 19 get get VB 34823 1895 20 cubic cubic JJ 34823 1895 21 feet foot NNS 34823 1895 22 . . . 34823 1896 1 But but CC 34823 1896 2 in in IN 34823 1896 3 general general JJ 34823 1896 4 , , , 34823 1896 5 the the DT 34823 1896 6 multiplication multiplication NN 34823 1896 7 of of IN 34823 1896 8 _ _ NNP 34823 1896 9 concrete concrete NN 34823 1896 10 _ _ NNP 34823 1896 11 quantities quantity NNS 34823 1896 12 by by IN 34823 1896 13 _ _ NNP 34823 1896 14 concrete concrete NN 34823 1896 15 _ _ NNP 34823 1896 16 quantities quantity NNS 34823 1896 17 is be VBZ 34823 1896 18 meaningless meaningless JJ 34823 1896 19 . . . 34823 1897 1 [ [ -LRB- 34823 1897 2 142 142 CD 34823 1897 3 ] ] -RRB- 34823 1897 4 One one CD 34823 1897 5 of of IN 34823 1897 6 the the DT 34823 1897 7 generalizations generalization NNS 34823 1897 8 of of IN 34823 1897 9 elementary elementary JJ 34823 1897 10 arithmetic arithmetic JJ 34823 1897 11 is be VBZ 34823 1897 12 that that IN 34823 1897 13 concrete concrete JJ 34823 1897 14 quantities quantity NNS 34823 1897 15 may may MD 34823 1897 16 usually usually RB 34823 1897 17 be be VB 34823 1897 18 multiplied multiply VBN 34823 1897 19 , , , 34823 1897 20 not not RB 34823 1897 21 by by IN 34823 1897 22 other other JJ 34823 1897 23 concrete concrete JJ 34823 1897 24 quantities quantity NNS 34823 1897 25 , , , 34823 1897 26 but but CC 34823 1897 27 rather rather RB 34823 1897 28 by by IN 34823 1897 29 _ _ NNP 34823 1897 30 abstract abstract JJ 34823 1897 31 _ _ NNP 34823 1897 32 quantities quantity NNS 34823 1897 33 , , , 34823 1897 34 pure pure JJ 34823 1897 35 numbers number NNS 34823 1897 36 . . . 34823 1898 1 Then then RB 34823 1898 2 the the DT 34823 1898 3 product product NN 34823 1898 4 has have VBZ 34823 1898 5 meaning meaning NN 34823 1898 6 : : : 34823 1898 7 it -PRON- PRP 34823 1898 8 is be VBZ 34823 1898 9 a a DT 34823 1898 10 concrete concrete JJ 34823 1898 11 quantity quantity NN 34823 1898 12 of of IN 34823 1898 13 the the DT 34823 1898 14 same same JJ 34823 1898 15 denomination denomination NN 34823 1898 16 as as IN 34823 1898 17 the the DT 34823 1898 18 multiplicand multiplicand NN 34823 1898 19 . . . 34823 1899 1 If if IN 34823 1899 2 the the DT 34823 1899 3 Q Q NNP 34823 1899 4 's 's POS 34823 1899 5 , , , 34823 1899 6 then then RB 34823 1899 7 , , , 34823 1899 8 are be VBP 34823 1899 9 to to TO 34823 1899 10 be be VB 34823 1899 11 multiplied multiply VBN 34823 1899 12 by by IN 34823 1899 13 their -PRON- PRP$ 34823 1899 14 respective respective JJ 34823 1899 15 p p NNP 34823 1899 16 's 's POS 34823 1899 17 , , , 34823 1899 18 the the DT 34823 1899 19 Q Q NNP 34823 1899 20 's 's POS 34823 1899 21 must must MD 34823 1899 22 be be VB 34823 1899 23 interpreted interpret VBN 34823 1899 24 , , , 34823 1899 25 not not RB 34823 1899 26 as as IN 34823 1899 27 bushels bushel NNS 34823 1899 28 or or CC 34823 1899 29 pounds pound NNS 34823 1899 30 or or CC 34823 1899 31 yards yard NNS 34823 1899 32 of of IN 34823 1899 33 concrete concrete JJ 34823 1899 34 goods good NNS 34823 1899 35 , , , 34823 1899 36 but but CC 34823 1899 37 merely merely RB 34823 1899 38 as as IN 34823 1899 39 abstract abstract JJ 34823 1899 40 numbers number NNS 34823 1899 41 . . . 34823 1900 1 And and CC 34823 1900 2 T T NNP 34823 1900 3 must must MD 34823 1900 4 be be VB 34823 1900 5 , , , 34823 1900 6 not not RB 34823 1900 7 a a DT 34823 1900 8 sum sum NN 34823 1900 9 of of IN 34823 1900 10 concrete concrete JJ 34823 1900 11 goods good NNS 34823 1900 12 , , , 34823 1900 13 but but CC 34823 1900 14 a a DT 34823 1900 15 sum sum NN 34823 1900 16 of of IN 34823 1900 17 abstract abstract JJ 34823 1900 18 numbers number NNS 34823 1900 19 , , , 34823 1900 20 and and CC 34823 1900 21 so so RB 34823 1900 22 itself -PRON- PRP 34823 1900 23 an an DT 34823 1900 24 abstract abstract JJ 34823 1900 25 number number NN 34823 1900 26 . . . 34823 1901 1 Thus thus RB 34823 1901 2 interpreted interpret VBN 34823 1901 3 , , , 34823 1901 4 T T NNP 34823 1901 5 is be VBZ 34823 1901 6 equally equally RB 34823 1901 7 increased increase VBN 34823 1901 8 by by IN 34823 1901 9 adding add VBG 34823 1901 10 a a DT 34823 1901 11 hundred hundred CD 34823 1901 12 papers paper NNS 34823 1901 13 of of IN 34823 1901 14 pins,[143 pins,[143 NNP 34823 1901 15 ] ] -RRB- 34823 1901 16 a a DT 34823 1901 17 hundred hundred CD 34823 1901 18 diamonds diamond NNS 34823 1901 19 , , , 34823 1901 20 a a DT 34823 1901 21 hundred hundred CD 34823 1901 22 tons ton NNS 34823 1901 23 of of IN 34823 1901 24 copper copper NN 34823 1901 25 , , , 34823 1901 26 or or CC 34823 1901 27 a a DT 34823 1901 28 hundred hundred CD 34823 1901 29 newspapers newspaper NNS 34823 1901 30 . . . 34823 1902 1 This this DT 34823 1902 2 is be VBZ 34823 1902 3 not not RB 34823 1902 4 Professor Professor NNP 34823 1902 5 Fisher Fisher NNP 34823 1902 6 's 's POS 34823 1902 7 rendering rendering NN 34823 1902 8 of of IN 34823 1902 9 T t NN 34823 1902 10 , , , 34823 1902 11 but but CC 34823 1902 12 it -PRON- PRP 34823 1902 13 is be VBZ 34823 1902 14 the the DT 34823 1902 15 only only JJ 34823 1902 16 rendering rendering NN 34823 1902 17 which which WDT 34823 1902 18 makes make VBZ 34823 1902 19 an an DT 34823 1902 20 intelligible intelligible JJ 34823 1902 21 equation equation NN 34823 1902 22 . . . 34823 1903 1 We -PRON- PRP 34823 1903 2 return return VBP 34823 1903 3 , , , 34823 1903 4 then then RB 34823 1903 5 , , , 34823 1903 6 to to IN 34823 1903 7 the the DT 34823 1903 8 question question NN 34823 1903 9 with with IN 34823 1903 10 which which WDT 34823 1903 11 we -PRON- PRP 34823 1903 12 set set VBD 34823 1903 13 out out RP 34823 1903 14 : : : 34823 1903 15 in in IN 34823 1903 16 what what WDT 34823 1903 17 sense sense NN 34823 1903 18 is be VBZ 34823 1903 19 there there EX 34823 1903 20 an an DT 34823 1903 21 equality equality NN 34823 1903 22 between between IN 34823 1903 23 the the DT 34823 1903 24 two two CD 34823 1903 25 sides side NNS 34823 1903 26 of of IN 34823 1903 27 Professor Professor NNP 34823 1903 28 Fisher Fisher NNP 34823 1903 29 's 's POS 34823 1903 30 equation equation NN 34823 1903 31 ? ? . 34823 1904 1 The the DT 34823 1904 2 answer answer NN 34823 1904 3 is be VBZ 34823 1904 4 as as IN 34823 1904 5 follows follow VBZ 34823 1904 6 : : : 34823 1904 7 on on IN 34823 1904 8 one one CD 34823 1904 9 side side NN 34823 1904 10 of of IN 34823 1904 11 the the DT 34823 1904 12 equation equation NN 34823 1904 13 we -PRON- PRP 34823 1904 14 have have VBP 34823 1904 15 M M NNP 34823 1904 16 , , , 34823 1904 17 a a DT 34823 1904 18 quantity quantity NN 34823 1904 19 of of IN 34823 1904 20 money money NN 34823 1904 21 , , , 34823 1904 22 multiplied multiply VBN 34823 1904 23 by by IN 34823 1904 24 V v NN 34823 1904 25 , , , 34823 1904 26 an an DT 34823 1904 27 abstract abstract JJ 34823 1904 28 number number NN 34823 1904 29 ; ; : 34823 1904 30 on on IN 34823 1904 31 the the DT 34823 1904 32 other other JJ 34823 1904 33 side side NN 34823 1904 34 of of IN 34823 1904 35 the the DT 34823 1904 36 equation equation NN 34823 1904 37 , , , 34823 1904 38 we -PRON- PRP 34823 1904 39 have have VBP 34823 1904 40 P p NN 34823 1904 41 , , , 34823 1904 42 a a DT 34823 1904 43 quantity quantity NN 34823 1904 44 of of IN 34823 1904 45 money money NN 34823 1904 46 , , , 34823 1904 47 multiplied multiply VBN 34823 1904 48 by by IN 34823 1904 49 T T NNP 34823 1904 50 , , , 34823 1904 51 an an DT 34823 1904 52 abstract abstract JJ 34823 1904 53 number number NN 34823 1904 54 . . . 34823 1905 1 The the DT 34823 1905 2 product product NN 34823 1905 3 , , , 34823 1905 4 on on IN 34823 1905 5 each each DT 34823 1905 6 side side NN 34823 1905 7 , , , 34823 1905 8 is be VBZ 34823 1905 9 a a DT 34823 1905 10 _ _ NNP 34823 1905 11 sum sum NN 34823 1905 12 of of IN 34823 1905 13 money money NN 34823 1905 14 _ _ NNP 34823 1905 15 . . . 34823 1906 1 These these DT 34823 1906 2 sums sum NNS 34823 1906 3 are be VBP 34823 1906 4 equal equal JJ 34823 1906 5 . . . 34823 1907 1 They -PRON- PRP 34823 1907 2 are be VBP 34823 1907 3 equal equal JJ 34823 1907 4 because because IN 34823 1907 5 they -PRON- PRP 34823 1907 6 are be VBP 34823 1907 7 _ _ NNP 34823 1907 8 identical identical JJ 34823 1907 9 _ _ NNP 34823 1907 10 . . . 34823 1908 1 The the DT 34823 1908 2 equation equation NN 34823 1908 3 asserts assert VBZ 34823 1908 4 merely merely RB 34823 1908 5 that that IN 34823 1908 6 what what WP 34823 1908 7 is be VBZ 34823 1908 8 _ _ NNP 34823 1908 9 paid pay VBN 34823 1908 10 _ _ NNP 34823 1908 11 is be VBZ 34823 1908 12 equal equal JJ 34823 1908 13 to to IN 34823 1908 14 what what WP 34823 1908 15 is be VBZ 34823 1908 16 _ _ NNP 34823 1908 17 received receive VBD 34823 1908 18 _ _ NNP 34823 1908 19 . . . 34823 1909 1 This this DT 34823 1909 2 proposition proposition NN 34823 1909 3 may may MD 34823 1909 4 require require VB 34823 1909 5 algebraic algebraic JJ 34823 1909 6 formulation formulation NN 34823 1909 7 , , , 34823 1909 8 but but CC 34823 1909 9 to to IN 34823 1909 10 the the DT 34823 1909 11 present present JJ 34823 1909 12 writer writer NN 34823 1909 13 it -PRON- PRP 34823 1909 14 does do VBZ 34823 1909 15 not not RB 34823 1909 16 seem seem VB 34823 1909 17 to to TO 34823 1909 18 require require VB 34823 1909 19 any any DT 34823 1909 20 formulation formulation NN 34823 1909 21 at at RB 34823 1909 22 all all RB 34823 1909 23 . . . 34823 1910 1 The the DT 34823 1910 2 contrast contrast NN 34823 1910 3 between between IN 34823 1910 4 the the DT 34823 1910 5 " " `` 34823 1910 6 money money NN 34823 1910 7 side side NN 34823 1910 8 " " '' 34823 1910 9 and and CC 34823 1910 10 the the DT 34823 1910 11 " " `` 34823 1910 12 goods good NNS 34823 1910 13 side side NN 34823 1910 14 " " '' 34823 1910 15 of of IN 34823 1910 16 the the DT 34823 1910 17 equation equation NN 34823 1910 18 is be VBZ 34823 1910 19 a a DT 34823 1910 20 false false JJ 34823 1910 21 one one NN 34823 1910 22 . . . 34823 1911 1 There there EX 34823 1911 2 is be VBZ 34823 1911 3 no no DT 34823 1911 4 goods good NNS 34823 1911 5 side side NN 34823 1911 6 . . . 34823 1912 1 Both both DT 34823 1912 2 sides side NNS 34823 1912 3 of of IN 34823 1912 4 the the DT 34823 1912 5 equation equation NN 34823 1912 6 are be VBP 34823 1912 7 money money NN 34823 1912 8 sides side NNS 34823 1912 9 . . . 34823 1913 1 I -PRON- PRP 34823 1913 2 repeat repeat VBP 34823 1913 3 that that IN 34823 1913 4 this this DT 34823 1913 5 is be VBZ 34823 1913 6 not not RB 34823 1913 7 Professor Professor NNP 34823 1913 8 Fisher Fisher NNP 34823 1913 9 's 's POS 34823 1913 10 interpretation interpretation NN 34823 1913 11 of of IN 34823 1913 12 his -PRON- PRP$ 34823 1913 13 equation equation NN 34823 1913 14 . . . 34823 1914 1 But but CC 34823 1914 2 it -PRON- PRP 34823 1914 3 seems seem VBZ 34823 1914 4 the the DT 34823 1914 5 only only JJ 34823 1914 6 interpretation interpretation NN 34823 1914 7 which which WDT 34823 1914 8 is be VBZ 34823 1914 9 defensible defensible JJ 34823 1914 10 . . . 34823 1915 1 A a DT 34823 1915 2 further further JJ 34823 1915 3 point point NN 34823 1915 4 must must MD 34823 1915 5 be be VB 34823 1915 6 made make VBN 34823 1915 7 : : : 34823 1915 8 Sigma Sigma NNP 34823 1915 9 pQ pQ NNP 34823 1915 10 , , , 34823 1915 11 where where WRB 34823 1915 12 the the DT 34823 1915 13 Q Q NNP 34823 1915 14 's 's POS 34823 1915 15 are be VBP 34823 1915 16 interpreted interpret VBN 34823 1915 17 as as IN 34823 1915 18 abstract abstract JJ 34823 1915 19 numbers number NNS 34823 1915 20 , , , 34823 1915 21 is be VBZ 34823 1915 22 a a DT 34823 1915 23 summary summary NN 34823 1915 24 of of IN 34823 1915 25 concrete concrete JJ 34823 1915 26 money money NN 34823 1915 27 payments payment NNS 34823 1915 28 , , , 34823 1915 29 each each DT 34823 1915 30 of of IN 34823 1915 31 which which WDT 34823 1915 32 has have VBZ 34823 1915 33 a a DT 34823 1915 34 causal causal JJ 34823 1915 35 explanation explanation NN 34823 1915 36 , , , 34823 1915 37 and and CC 34823 1915 38 each each DT 34823 1915 39 of of IN 34823 1915 40 which which WDT 34823 1915 41 has have VBZ 34823 1915 42 effected effect VBN 34823 1915 43 a a DT 34823 1915 44 concrete concrete JJ 34823 1915 45 exchange exchange NN 34823 1915 46 . . . 34823 1916 1 Mathematically mathematically RB 34823 1916 2 , , , 34823 1916 3 PT PT NNP 34823 1916 4 is be VBZ 34823 1916 5 equal equal JJ 34823 1916 6 to to IN 34823 1916 7 [ [ -LRB- 34823 1916 8 Greek Greek NNP 34823 1916 9 : : : 34823 1916 10 S S NNP 34823 1916 11 ] ] -RRB- 34823 1916 12 pQ pq NN 34823 1916 13 , , , 34823 1916 14 just just RB 34823 1916 15 as as IN 34823 1916 16 3 3 CD 34823 1916 17 times time NNS 34823 1916 18 4 4 CD 34823 1916 19 is be VBZ 34823 1916 20 equal equal JJ 34823 1916 21 to to IN 34823 1916 22 2 2 CD 34823 1916 23 times time NNS 34823 1916 24 6 6 CD 34823 1916 25 . . . 34823 1917 1 But but CC 34823 1917 2 from from IN 34823 1917 3 the the DT 34823 1917 4 standpoint standpoint NN 34823 1917 5 of of IN 34823 1917 6 the the DT 34823 1917 7 theory theory NN 34823 1917 8 of of IN 34823 1917 9 causation causation NN 34823 1917 10 , , , 34823 1917 11 a a DT 34823 1917 12 vast vast JJ 34823 1917 13 difference difference NN 34823 1917 14 is be VBZ 34823 1917 15 made make VBN 34823 1917 16 . . . 34823 1918 1 Three three CD 34823 1918 2 children child NNS 34823 1918 3 four four CD 34823 1918 4 feet foot NNS 34823 1918 5 high high RB 34823 1918 6 equal equal JJ 34823 1918 7 in in IN 34823 1918 8 aggregate aggregate NN 34823 1918 9 height height NN 34823 1918 10 two two CD 34823 1918 11 men man NNS 34823 1918 12 six six CD 34823 1918 13 feet foot NNS 34823 1918 14 high high JJ 34823 1918 15 . . . 34823 1919 1 But but CC 34823 1919 2 the the DT 34823 1919 3 assertion assertion NN 34823 1919 4 of of IN 34823 1919 5 equality equality NN 34823 1919 6 between between IN 34823 1919 7 the the DT 34823 1919 8 three three CD 34823 1919 9 children child NNS 34823 1919 10 and and CC 34823 1919 11 the the DT 34823 1919 12 two two CD 34823 1919 13 men man NNS 34823 1919 14 represents represent VBZ 34823 1919 15 a a DT 34823 1919 16 high high JJ 34823 1919 17 degree degree NN 34823 1919 18 of of IN 34823 1919 19 abstraction abstraction NN 34823 1919 20 , , , 34823 1919 21 and and CC 34823 1919 22 need nee MD 34823 1919 23 not not RB 34823 1919 24 be be VB 34823 1919 25 significant significant JJ 34823 1919 26 for for IN 34823 1919 27 any any DT 34823 1919 28 given give VBN 34823 1919 29 purpose purpose NN 34823 1919 30 . . . 34823 1920 1 Similarly similarly RB 34823 1920 2 , , , 34823 1920 3 the the DT 34823 1920 4 restatement restatement NN 34823 1920 5 of of IN 34823 1920 6 [ [ -LRB- 34823 1920 7 Greek Greek NNP 34823 1920 8 : : : 34823 1920 9 S S NNP 34823 1920 10 ] ] -RRB- 34823 1920 11 pQ pQ NNP 34823 1920 12 as as IN 34823 1920 13 PT PT NNP 34823 1920 14 . . . 34823 1921 1 One one PRP 34823 1921 2 might may MD 34823 1921 3 restate restate VB 34823 1921 4 [ [ -LRB- 34823 1921 5 Greek Greek NNP 34823 1921 6 : : : 34823 1921 7 S S NNP 34823 1921 8 ] ] -RRB- 34823 1921 9 pQ pQ NNP 34823 1921 10 as as IN 34823 1921 11 PT PT NNP 34823 1921 12 , , , 34823 1921 13 defining define VBG 34823 1921 14 P p NN 34823 1921 15 as as IN 34823 1921 16 the the DT 34823 1921 17 _ _ NNP 34823 1921 18 sum sum NN 34823 1921 19 _ _ NNP 34823 1921 20 ( ( -LRB- 34823 1921 21 instead instead RB 34823 1921 22 of of IN 34823 1921 23 the the DT 34823 1921 24 average average NN 34823 1921 25 ) ) -RRB- 34823 1921 26 of of IN 34823 1921 27 the the DT 34823 1921 28 p p NNP 34823 1921 29 's 's POS 34823 1921 30 , , , 34823 1921 31 and and CC 34823 1921 32 T T NNP 34823 1921 33 as as IN 34823 1921 34 the the DT 34823 1921 35 weighted weighted JJ 34823 1921 36 average average NN 34823 1921 37 ( ( -LRB- 34823 1921 38 instead instead RB 34823 1921 39 of of IN 34823 1921 40 the the DT 34823 1921 41 sum sum NN 34823 1921 42 ) ) -RRB- 34823 1921 43 of of IN 34823 1921 44 the the DT 34823 1921 45 Q Q NNP 34823 1921 46 's 's POS 34823 1921 47 . . . 34823 1922 1 Such such PDT 34823 1922 2 a a DT 34823 1922 3 substitution substitution NN 34823 1922 4 would would MD 34823 1922 5 be be VB 34823 1922 6 equally equally RB 34823 1922 7 legitimate legitimate JJ 34823 1922 8 , , , 34823 1922 9 mathematically mathematically RB 34823 1922 10 , , , 34823 1922 11 and and CC 34823 1922 12 the the DT 34823 1922 13 equation equation NN 34823 1922 14 , , , 34823 1922 15 MV MV NNP 34823 1922 16 = = SYM 34823 1922 17 PT PT NNP 34823 1922 18 equally equally RB 34823 1922 19 true true JJ 34823 1922 20 . . . 34823 1923 1 [ [ -LRB- 34823 1923 2 Greek Greek NNP 34823 1923 3 : : : 34823 1923 4 S S NNP 34823 1923 5 ] ] -RRB- 34823 1923 6 pQ pq NN 34823 1923 7 might may MD 34823 1923 8 be be VB 34823 1923 9 factorized factorize VBN 34823 1923 10 in in IN 34823 1923 11 an an DT 34823 1923 12 indefinite indefinite JJ 34823 1923 13 number number NN 34823 1923 14 of of IN 34823 1923 15 ways way NNS 34823 1923 16 . . . 34823 1924 1 But but CC 34823 1924 2 it -PRON- PRP 34823 1924 3 is be VBZ 34823 1924 4 important important JJ 34823 1924 5 to to TO 34823 1924 6 note note VB 34823 1924 7 that that IN 34823 1924 8 in in IN 34823 1924 9 PT PT NNP 34823 1924 10 , , , 34823 1924 11 as as IN 34823 1924 12 defined define VBN 34823 1924 13 by by IN 34823 1924 14 Professor Professor NNP 34823 1924 15 Fisher,[144 Fisher,[144 NNP 34823 1924 16 ] ] -RRB- 34823 1924 17 we -PRON- PRP 34823 1924 18 are be VBP 34823 1924 19 at at IN 34823 1924 20 three three CD 34823 1924 21 removes remove NNS 34823 1924 22 from from IN 34823 1924 23 the the DT 34823 1924 24 concrete concrete JJ 34823 1924 25 exchanges exchange NNS 34823 1924 26 in in IN 34823 1924 27 which which WDT 34823 1924 28 actual actual JJ 34823 1924 29 concrete concrete JJ 34823 1924 30 causation causation NN 34823 1924 31 is be VBZ 34823 1924 32 focused focus VBN 34823 1924 33 : : : 34823 1924 34 we -PRON- PRP 34823 1924 35 have have VBP 34823 1924 36 first first RB 34823 1924 37 taken take VBN 34823 1924 38 , , , 34823 1924 39 for for IN 34823 1924 40 each each DT 34823 1924 41 commodity commodity NN 34823 1924 42 , , , 34823 1924 43 an an DT 34823 1924 44 average average NN 34823 1924 45 , , , 34823 1924 46 for for IN 34823 1924 47 a a DT 34823 1924 48 period period NN 34823 1924 49 , , , 34823 1924 50 say say VBP 34823 1924 51 a a DT 34823 1924 52 year year NN 34823 1924 53 , , , 34823 1924 54 of of IN 34823 1924 55 the the DT 34823 1924 56 concrete concrete JJ 34823 1924 57 prices price NNS 34823 1924 58 paid pay VBN 34823 1924 59 for for IN 34823 1924 60 a a DT 34823 1924 61 unit unit NN 34823 1924 62 of of IN 34823 1924 63 that that DT 34823 1924 64 commodity commodity NN 34823 1924 65 , , , 34823 1924 66 and and CC 34823 1924 67 multiplied multiply VBD 34823 1924 68 that that DT 34823 1924 69 average average NN 34823 1924 70 by by IN 34823 1924 71 the the DT 34823 1924 72 abstract abstract JJ 34823 1924 73 number number NN 34823 1924 74 of of IN 34823 1924 75 units unit NNS 34823 1924 76 of of IN 34823 1924 77 that that DT 34823 1924 78 commodity commodity NN 34823 1924 79 sold sell VBN 34823 1924 80 in in IN 34823 1924 81 that that DT 34823 1924 82 year year NN 34823 1924 83 ; ; : 34823 1924 84 we -PRON- PRP 34823 1924 85 have have VBP 34823 1924 86 then then RB 34823 1924 87 summed sum VBN 34823 1924 88 up up RP 34823 1924 89 all all PDT 34823 1924 90 these these DT 34823 1924 91 products product NNS 34823 1924 92 into into IN 34823 1924 93 a a DT 34823 1924 94 giant giant JJ 34823 1924 95 aggregate aggregate NN 34823 1924 96 , , , 34823 1924 97 in in IN 34823 1924 98 which which WDT 34823 1924 99 we -PRON- PRP 34823 1924 100 have have VBP 34823 1924 101 mingled mingle VBN 34823 1924 102 hopelessly hopelessly RB 34823 1924 103 a a DT 34823 1924 104 mass mass NN 34823 1924 105 of of IN 34823 1924 106 concrete concrete JJ 34823 1924 107 causes cause NNS 34823 1924 108 which which WDT 34823 1924 109 actually actually RB 34823 1924 110 affected affect VBD 34823 1924 111 the the DT 34823 1924 112 particular particular JJ 34823 1924 113 prices price NNS 34823 1924 114 ; ; : 34823 1924 115 then then RB 34823 1924 116 , , , 34823 1924 117 finally finally RB 34823 1924 118 , , , 34823 1924 119 we -PRON- PRP 34823 1924 120 have have VBP 34823 1924 121 factorized factorize VBN 34823 1924 122 this this DT 34823 1924 123 giant giant JJ 34823 1924 124 composite composite NN 34823 1924 125 into into IN 34823 1924 126 two two CD 34823 1924 127 numbers number NNS 34823 1924 128 which which WDT 34823 1924 129 have have VBP 34823 1924 130 no no DT 34823 1924 131 concrete concrete JJ 34823 1924 132 reality reality NN 34823 1924 133 , , , 34823 1924 134 namely namely RB 34823 1924 135 , , , 34823 1924 136 an an DT 34823 1924 137 average average NN 34823 1924 138 of of IN 34823 1924 139 the the DT 34823 1924 140 averages average NNS 34823 1924 141 of of IN 34823 1924 142 the the DT 34823 1924 143 prices price NNS 34823 1924 144 , , , 34823 1924 145 and and CC 34823 1924 146 a a DT 34823 1924 147 sum sum NN 34823 1924 148 of of IN 34823 1924 149 the the DT 34823 1924 150 abstract abstract JJ 34823 1924 151 numbers number NNS 34823 1924 152 of of IN 34823 1924 153 the the DT 34823 1924 154 sums sum NNS 34823 1924 155 of of IN 34823 1924 156 the the DT 34823 1924 157 goods good NNS 34823 1924 158 of of IN 34823 1924 159 each each DT 34823 1924 160 kind kind NN 34823 1924 161 sold sell VBN 34823 1924 162 in in IN 34823 1924 163 a a DT 34823 1924 164 given give VBN 34823 1924 165 year year NN 34823 1924 166 -- -- : 34823 1924 167 a a DT 34823 1924 168 sum sum NN 34823 1924 169 which which WDT 34823 1924 170 exists exist VBZ 34823 1924 171 only only RB 34823 1924 172 as as IN 34823 1924 173 a a DT 34823 1924 174 pure pure JJ 34823 1924 175 number number NN 34823 1924 176 , , , 34823 1924 177 and and CC 34823 1924 178 which which WDT 34823 1924 179 , , , 34823 1924 180 consequently consequently RB 34823 1924 181 , , , 34823 1924 182 is be VBZ 34823 1924 183 unlikely unlikely JJ 34823 1924 184 to to TO 34823 1924 185 be be VB 34823 1924 186 a a DT 34823 1924 187 causal causal JJ 34823 1924 188 factor factor NN 34823 1924 189 ! ! . 34823 1925 1 It -PRON- PRP 34823 1925 2 may may MD 34823 1925 3 turn turn VB 34823 1925 4 out out RP 34823 1925 5 that that IN 34823 1925 6 there there EX 34823 1925 7 is be VBZ 34823 1925 8 reason reason NN 34823 1925 9 for for IN 34823 1925 10 all all PDT 34823 1925 11 this this DT 34823 1925 12 , , , 34823 1925 13 but but CC 34823 1925 14 if if IN 34823 1925 15 a a DT 34823 1925 16 _ _ NNP 34823 1925 17 causal causal NN 34823 1925 18 _ _ NNP 34823 1925 19 theory theory NN 34823 1925 20 is be VBZ 34823 1925 21 the the DT 34823 1925 22 object object NN 34823 1925 23 for for IN 34823 1925 24 which which WDT 34823 1925 25 the the DT 34823 1925 26 equation equation NN 34823 1925 27 of of IN 34823 1925 28 exchange exchange NN 34823 1925 29 is be VBZ 34823 1925 30 designed design VBN 34823 1925 31 , , , 34823 1925 32 a a DT 34823 1925 33 strong strong JJ 34823 1925 34 presumption presumption NN 34823 1925 35 against against IN 34823 1925 36 its -PRON- PRP$ 34823 1925 37 usefulness usefulness NN 34823 1925 38 is be VBZ 34823 1925 39 raised raise VBN 34823 1925 40 . . . 34823 1926 1 Both both DT 34823 1926 2 P p NN 34823 1926 3 and and CC 34823 1926 4 T t NN 34823 1926 5 are be VBP 34823 1926 6 so so RB 34823 1926 7 highly highly RB 34823 1926 8 abstract abstract JJ 34823 1926 9 that that IN 34823 1926 10 it -PRON- PRP 34823 1926 11 is be VBZ 34823 1926 12 improbable improbable JJ 34823 1926 13 that that IN 34823 1926 14 any any DT 34823 1926 15 significant significant JJ 34823 1926 16 statements statement NNS 34823 1926 17 can can MD 34823 1926 18 be be VB 34823 1926 19 made make VBN 34823 1926 20 of of IN 34823 1926 21 either either DT 34823 1926 22 of of IN 34823 1926 23 them -PRON- PRP 34823 1926 24 . . . 34823 1927 1 As as IN 34823 1927 2 concepts concept NNS 34823 1927 3 gain gain VBP 34823 1927 4 in in IN 34823 1927 5 generality generality NN 34823 1927 6 and and CC 34823 1927 7 abstractness abstractness NN 34823 1927 8 , , , 34823 1927 9 they -PRON- PRP 34823 1927 10 lose lose VBP 34823 1927 11 in in IN 34823 1927 12 content content NN 34823 1927 13 ; ; : 34823 1927 14 as as IN 34823 1927 15 they -PRON- PRP 34823 1927 16 gain gain VBP 34823 1927 17 in in IN 34823 1927 18 " " `` 34823 1927 19 extension extension NN 34823 1927 20 " " '' 34823 1927 21 they -PRON- PRP 34823 1927 22 lose lose VBP 34823 1927 23 ( ( -LRB- 34823 1927 24 as as IN 34823 1927 25 a a DT 34823 1927 26 rule rule NN 34823 1927 27 ) ) -RRB- 34823 1927 28 in in IN 34823 1927 29 " " `` 34823 1927 30 intension intension NN 34823 1927 31 . . . 34823 1927 32 " " '' 34823 1928 1 On on IN 34823 1928 2 the the DT 34823 1928 3 other other JJ 34823 1928 4 side side NN 34823 1928 5 of of IN 34823 1928 6 the the DT 34823 1928 7 equation equation NN 34823 1928 8 , , , 34823 1928 9 we -PRON- PRP 34823 1928 10 also also RB 34823 1928 11 look look VBP 34823 1928 12 in in IN 34823 1928 13 vain vain NN 34823 1928 14 for for IN 34823 1928 15 a a DT 34823 1928 16 truly truly RB 34823 1928 17 concrete concrete JJ 34823 1928 18 factor factor NN 34823 1928 19 . . . 34823 1929 1 V V NNP 34823 1929 2 , , , 34823 1929 3 the the DT 34823 1929 4 average average JJ 34823 1929 5 velocity velocity NN 34823 1929 6 of of IN 34823 1929 7 money money NN 34823 1929 8 for for IN 34823 1929 9 the the DT 34823 1929 10 year year NN 34823 1929 11 , , , 34823 1929 12 is be VBZ 34823 1929 13 highly highly RB 34823 1929 14 abstract abstract JJ 34823 1929 15 . . . 34823 1930 1 It -PRON- PRP 34823 1930 2 is be VBZ 34823 1930 3 a a DT 34823 1930 4 mathematical mathematical JJ 34823 1930 5 summary summary NN 34823 1930 6 of of IN 34823 1930 7 a a DT 34823 1930 8 host host NN 34823 1930 9 of of IN 34823 1930 10 complex complex JJ 34823 1930 11 activities activity NNS 34823 1930 12 of of IN 34823 1930 13 men man NNS 34823 1930 14 . . . 34823 1931 1 Professor Professor NNP 34823 1931 2 Fisher Fisher NNP 34823 1931 3 thinks think VBZ 34823 1931 4 that that IN 34823 1931 5 V v NN 34823 1931 6 obeys obey VBZ 34823 1931 7 fairly fairly RB 34823 1931 8 simple simple JJ 34823 1931 9 laws law NNS 34823 1931 10 , , , 34823 1931 11 as as IN 34823 1931 12 we -PRON- PRP 34823 1931 13 shall shall MD 34823 1931 14 later later RB 34823 1931 15 see see VB 34823 1931 16 , , , 34823 1931 17 but but CC 34823 1931 18 at at IN 34823 1931 19 least least JJS 34823 1931 20 that that DT 34823 1931 21 point point NN 34823 1931 22 must must MD 34823 1931 23 be be VB 34823 1931 24 demonstrated demonstrate VBN 34823 1931 25 . . . 34823 1932 1 Even even RB 34823 1932 2 M M NNP 34823 1932 3 is be VBZ 34823 1932 4 not not RB 34823 1932 5 concrete concrete JJ 34823 1932 6 . . . 34823 1933 1 At at IN 34823 1933 2 a a DT 34823 1933 3 given give VBN 34823 1933 4 moment moment NN 34823 1933 5 , , , 34823 1933 6 the the DT 34823 1933 7 money money NN 34823 1933 8 in in IN 34823 1933 9 circulation circulation NN 34823 1933 10 is be VBZ 34823 1933 11 a a DT 34823 1933 12 concrete concrete JJ 34823 1933 13 quantity quantity NN 34823 1933 14 , , , 34823 1933 15 but but CC 34823 1933 16 the the DT 34823 1933 17 average average NN 34823 1933 18 for for IN 34823 1933 19 the the DT 34823 1933 20 year year NN 34823 1933 21 is be VBZ 34823 1933 22 abstract abstract JJ 34823 1933 23 , , , 34823 1933 24 and and CC 34823 1933 25 can can MD 34823 1933 26 not not RB 34823 1933 27 claim claim VB 34823 1933 28 to to TO 34823 1933 29 be be VB 34823 1933 30 a a DT 34823 1933 31 direct direct JJ 34823 1933 32 causal causal JJ 34823 1933 33 factor factor NN 34823 1933 34 , , , 34823 1933 35 with with IN 34823 1933 36 one one CD 34823 1933 37 uniform uniform JJ 34823 1933 38 tendency tendency NN 34823 1933 39 . . . 34823 1934 1 Of of RB 34823 1934 2 course course RB 34823 1934 3 Professor Professor NNP 34823 1934 4 Fisher Fisher NNP 34823 1934 5 himself -PRON- PRP 34823 1934 6 recognizes recognize VBZ 34823 1934 7 that that IN 34823 1934 8 his -PRON- PRP$ 34823 1934 9 central central JJ 34823 1934 10 problem problem NN 34823 1934 11 is be VBZ 34823 1934 12 , , , 34823 1934 13 not not RB 34823 1934 14 to to TO 34823 1934 15 state state NN 34823 1934 16 and and CC 34823 1934 17 justify justify VB 34823 1934 18 , , , 34823 1934 19 mathematically mathematically RB 34823 1934 20 , , , 34823 1934 21 his -PRON- PRP$ 34823 1934 22 equation[145]--that equation[145]--that NNP 34823 1934 23 is be VBZ 34823 1934 24 a a DT 34823 1934 25 work work NN 34823 1934 26 of of IN 34823 1934 27 supererogation supererogation NN 34823 1934 28 , , , 34823 1934 29 and and CC 34823 1934 30 the the DT 34823 1934 31 statistical statistical JJ 34823 1934 32 chapters chapter NNS 34823 1934 33 devoted devote VBN 34823 1934 34 to to IN 34823 1934 35 it -PRON- PRP 34823 1934 36 seem seem VBP 34823 1934 37 to to IN 34823 1934 38 me -PRON- PRP 34823 1934 39 to to TO 34823 1934 40 be be VB 34823 1934 41 largely largely RB 34823 1934 42 wasted waste VBN 34823 1934 43 labor labor NN 34823 1934 44 . . . 34823 1935 1 Professor Professor NNP 34823 1935 2 Fisher Fisher NNP 34823 1935 3 recognizes recognize VBZ 34823 1935 4 that that IN 34823 1935 5 his -PRON- PRP$ 34823 1935 6 central central JJ 34823 1935 7 problem problem NN 34823 1935 8 is be VBZ 34823 1935 9 to to TO 34823 1935 10 establish establish VB 34823 1935 11 _ _ NNP 34823 1935 12 causal causal NN 34823 1935 13 _ _ NNP 34823 1935 14 relations relation NNS 34823 1935 15 among among IN 34823 1935 16 the the DT 34823 1935 17 factors factor NNS 34823 1935 18 in in IN 34823 1935 19 his -PRON- PRP$ 34823 1935 20 equation equation NN 34823 1935 21 of of IN 34823 1935 22 exchange exchange NN 34823 1935 23 . . . 34823 1936 1 It -PRON- PRP 34823 1936 2 is be VBZ 34823 1936 3 from from IN 34823 1936 4 the the DT 34823 1936 5 standpoint standpoint NN 34823 1936 6 of of IN 34823 1936 7 its -PRON- PRP$ 34823 1936 8 adaptability adaptability NN 34823 1936 9 as as IN 34823 1936 10 a a DT 34823 1936 11 tool tool NN 34823 1936 12 in in IN 34823 1936 13 a a DT 34823 1936 14 theory theory NN 34823 1936 15 of of IN 34823 1936 16 causation causation NN 34823 1936 17 that that WDT 34823 1936 18 I -PRON- PRP 34823 1936 19 have have VBP 34823 1936 20 been be VBN 34823 1936 21 considering consider VBG 34823 1936 22 it -PRON- PRP 34823 1936 23 . . . 34823 1937 1 It -PRON- PRP 34823 1937 2 should should MD 34823 1937 3 be be VB 34823 1937 4 noted note VBN 34823 1937 5 that that IN 34823 1937 6 " " `` 34823 1937 7 volume volume NN 34823 1937 8 of of IN 34823 1937 9 trade trade NN 34823 1937 10 , , , 34823 1937 11 " " '' 34823 1937 12 as as IN 34823 1937 13 frequently frequently RB 34823 1937 14 used use VBN 34823 1937 15 , , , 34823 1937 16 means mean VBZ 34823 1937 17 not not RB 34823 1937 18 numbers number NNS 34823 1937 19 of of IN 34823 1937 20 goods good NNS 34823 1937 21 sold sell VBN 34823 1937 22 , , , 34823 1937 23 but but CC 34823 1937 24 the the DT 34823 1937 25 money money NN 34823 1937 26 - - HYPH 34823 1937 27 price price NN 34823 1937 28 of of IN 34823 1937 29 all all PDT 34823 1937 30 the the DT 34823 1937 31 goods good NNS 34823 1937 32 exchanged exchange VBD 34823 1937 33 , , , 34823 1937 34 or or CC 34823 1937 35 PT PT NNP 34823 1937 36 . . . 34823 1938 1 It -PRON- PRP 34823 1938 2 is be VBZ 34823 1938 3 in in IN 34823 1938 4 this this DT 34823 1938 5 sense sense NN 34823 1938 6 of of IN 34823 1938 7 " " `` 34823 1938 8 trade trade NN 34823 1938 9 " " '' 34823 1938 10 that that IN 34823 1938 11 bank bank NN 34823 1938 12 - - HYPH 34823 1938 13 clearings clearing NNS 34823 1938 14 are be VBP 34823 1938 15 supposed suppose VBN 34823 1938 16 to to TO 34823 1938 17 be be VB 34823 1938 18 an an DT 34823 1938 19 index index NN 34823 1938 20 of of IN 34823 1938 21 volume volume NN 34823 1938 22 of of IN 34823 1938 23 trade trade NN 34823 1938 24 . . . 34823 1939 1 The the DT 34823 1939 2 sundering sundering NN 34823 1939 3 of of IN 34823 1939 4 the the DT 34823 1939 5 p p NN 34823 1939 6 's 's POS 34823 1939 7 and and CC 34823 1939 8 Q Q NNP 34823 1939 9 's 's POS 34823 1939 10 really really RB 34823 1939 11 is be VBZ 34823 1939 12 a a DT 34823 1939 13 big big JJ 34823 1939 14 assumption assumption NN 34823 1939 15 of of IN 34823 1939 16 many many JJ 34823 1939 17 of of IN 34823 1939 18 the the DT 34823 1939 19 points point NNS 34823 1939 20 at at IN 34823 1939 21 issue issue NN 34823 1939 22 . . . 34823 1940 1 Indeed indeed RB 34823 1940 2 , , , 34823 1940 3 it -PRON- PRP 34823 1940 4 is be VBZ 34823 1940 5 absolutely absolutely RB 34823 1940 6 impossible impossible JJ 34823 1940 7 to to TO 34823 1940 8 sunder sunder VB 34823 1940 9 PT PT NNP 34823 1940 10 . . . 34823 1941 1 It -PRON- PRP 34823 1941 2 is be VBZ 34823 1941 3 always always RB 34823 1941 4 the the DT 34823 1941 5 p p NN 34823 1941 6 aspect aspect NN 34823 1941 7 of of IN 34823 1941 8 the the DT 34823 1941 9 thing thing NN 34823 1941 10 that that WDT 34823 1941 11 is be VBZ 34823 1941 12 significant significant JJ 34823 1941 13 , , , 34823 1941 14 Fisher Fisher NNP 34823 1941 15 himself -PRON- PRP 34823 1941 16 finally finally RB 34823 1941 17 interprets interpret VBZ 34823 1941 18 T t NN 34823 1941 19 , , , 34823 1941 20 statistically statistically RB 34823 1941 21 , , , 34823 1941 22 as as IN 34823 1941 23 billions billion NNS 34823 1941 24 of of IN 34823 1941 25 _ _ NNP 34823 1941 26 dollars dollars NNP 34823 1941 27 _ _ NNP 34823 1941 28 . . . 34823 1942 1 [ [ -LRB- 34823 1942 2 146 146 CD 34823 1942 3 ] ] -RRB- 34823 1942 4 As as IN 34823 1942 5 a a DT 34823 1942 6 matter matter NN 34823 1942 7 of of IN 34823 1942 8 mathematical mathematical JJ 34823 1942 9 necessity necessity NN 34823 1942 10 , , , 34823 1942 11 either either CC 34823 1942 12 P p NN 34823 1942 13 must must MD 34823 1942 14 be be VB 34823 1942 15 defined define VBN 34823 1942 16 in in IN 34823 1942 17 terms term NNS 34823 1942 18 of of IN 34823 1942 19 T t NN 34823 1942 20 or or CC 34823 1942 21 T T NNP 34823 1942 22 defined define VBN 34823 1942 23 in in IN 34823 1942 24 terms term NNS 34823 1942 25 of of IN 34823 1942 26 P. P. NNP 34823 1942 27 The The NNP 34823 1942 28 V V NNP 34823 1942 29 's 's POS 34823 1942 30 and and CC 34823 1942 31 M M NNP 34823 1942 32 and and CC 34823 1942 33 M M NNP 34823 1942 34 ´ ´ NNP 34823 1942 35 may may MD 34823 1942 36 be be VB 34823 1942 37 independently independently RB 34823 1942 38 defined define VBN 34823 1942 39 , , , 34823 1942 40 and and CC 34823 1942 41 arbitrary arbitrary JJ 34823 1942 42 numbers number NNS 34823 1942 43 may may MD 34823 1942 44 be be VB 34823 1942 45 assigned assign VBN 34823 1942 46 for for IN 34823 1942 47 them -PRON- PRP 34823 1942 48 limited limit VBN 34823 1942 49 only only RB 34823 1942 50 by by IN 34823 1942 51 the the DT 34823 1942 52 necessity necessity NN 34823 1942 53 that that WDT 34823 1942 54 MV MV NNP 34823 1942 55 + + CC 34823 1942 56 M´V m´v NN 34823 1942 57 ´ ´ CD 34823 1942 58 be be VB 34823 1942 59 a a DT 34823 1942 60 fixed fix VBN 34823 1942 61 sum sum NN 34823 1942 62 . . . 34823 1943 1 [ [ -LRB- 34823 1943 2 147 147 CD 34823 1943 3 ] ] -RRB- 34823 1943 4 But but CC 34823 1943 5 P p NN 34823 1943 6 and and CC 34823 1943 7 T t NN 34823 1943 8 can can MD 34823 1943 9 not not RB 34823 1943 10 , , , 34823 1943 11 with with IN 34823 1943 12 respect respect NN 34823 1943 13 to to IN 34823 1943 14 each each DT 34823 1943 15 other other JJ 34823 1943 16 , , , 34823 1943 17 be be VB 34823 1943 18 thus thus RB 34823 1943 19 independently independently RB 34823 1943 20 defined define VBN 34823 1943 21 . . . 34823 1944 1 The the DT 34823 1944 2 highly highly RB 34823 1944 3 artificial artificial JJ 34823 1944 4 character character NN 34823 1944 5 of of IN 34823 1944 6 T T NNP 34823 1944 7 has have VBZ 34823 1944 8 been be VBN 34823 1944 9 pointed point VBN 34823 1944 10 out out RP 34823 1944 11 by by IN 34823 1944 12 Professor Professor NNP 34823 1944 13 E. E. NNP 34823 1944 14 B. B. NNP 34823 1944 15 Wilson Wilson NNP 34823 1944 16 , , , 34823 1944 17 of of IN 34823 1944 18 the the DT 34823 1944 19 Massachusetts Massachusetts NNP 34823 1944 20 Institute Institute NNP 34823 1944 21 of of IN 34823 1944 22 Technology Technology NNP 34823 1944 23 , , , 34823 1944 24 in in IN 34823 1944 25 his -PRON- PRP$ 34823 1944 26 review review NN 34823 1944 27 of of IN 34823 1944 28 Fisher Fisher NNP 34823 1944 29 's 's POS 34823 1944 30 _ _ NNP 34823 1944 31 Purchasing Purchasing NNP 34823 1944 32 Power Power NNP 34823 1944 33 of of IN 34823 1944 34 Money Money NNP 34823 1944 35 _ _ NNP 34823 1944 36 in in IN 34823 1944 37 the the DT 34823 1944 38 _ _ NNP 34823 1944 39 Bulletin Bulletin NNP 34823 1944 40 of of IN 34823 1944 41 the the DT 34823 1944 42 American American NNP 34823 1944 43 Mathematical Mathematical NNP 34823 1944 44 Society Society NNP 34823 1944 45 _ _ NNP 34823 1944 46 , , , 34823 1944 47 April April NNP 34823 1944 48 , , , 34823 1944 49 1914 1914 CD 34823 1944 50 , , , 34823 1944 51 pp pp NNP 34823 1944 52 . . . 34823 1945 1 377 377 CD 34823 1945 2 - - SYM 34823 1945 3 381 381 CD 34823 1945 4 . . . 34823 1946 1 " " `` 34823 1946 2 Various various JJ 34823 1946 3 consequences consequence NNS 34823 1946 4 are be VBP 34823 1946 5 readily readily RB 34823 1946 6 obtained obtain VBN 34823 1946 7 from from IN 34823 1946 8 the the DT 34823 1946 9 equation equation NN 34823 1946 10 of of IN 34823 1946 11 exchange exchange NN 34823 1946 12 , , , 34823 1946 13 but but CC 34823 1946 14 the the DT 34823 1946 15 determination determination NN 34823 1946 16 of of IN 34823 1946 17 the the DT 34823 1946 18 equation equation NN 34823 1946 19 itself -PRON- PRP 34823 1946 20 is be VBZ 34823 1946 21 not not RB 34823 1946 22 so so RB 34823 1946 23 easy easy JJ 34823 1946 24 as as IN 34823 1946 25 it -PRON- PRP 34823 1946 26 might may MD 34823 1946 27 look look VB 34823 1946 28 to to IN 34823 1946 29 a a DT 34823 1946 30 careless careless JJ 34823 1946 31 thinker thinker NN 34823 1946 32 . . . 34823 1947 1 The the DT 34823 1947 2 difficulties difficulty NNS 34823 1947 3 lie lie VBP 34823 1947 4 in in IN 34823 1947 5 the the DT 34823 1947 6 fact fact NN 34823 1947 7 that that IN 34823 1947 8 P p NN 34823 1947 9 and and CC 34823 1947 10 T T NNP 34823 1947 11 individually individually RB 34823 1947 12 are be VBP 34823 1947 13 quite quite RB 34823 1947 14 indeterminate indeterminate JJ 34823 1947 15 . . . 34823 1948 1 An an DT 34823 1948 2 average average JJ 34823 1948 3 price price NN 34823 1948 4 - - HYPH 34823 1948 5 level level NN 34823 1948 6 P p NN 34823 1948 7 means mean VBZ 34823 1948 8 nothing nothing NN 34823 1948 9 till till IN 34823 1948 10 the the DT 34823 1948 11 rules rule NNS 34823 1948 12 for for IN 34823 1948 13 obtaining obtain VBG 34823 1948 14 the the DT 34823 1948 15 average average NN 34823 1948 16 are be VBP 34823 1948 17 specified specify VBN 34823 1948 18 , , , 34823 1948 19 and and CC 34823 1948 20 independent independent JJ 34823 1948 21 rules rule NNS 34823 1948 22 for for IN 34823 1948 23 evaluating evaluate VBG 34823 1948 24 P p NN 34823 1948 25 and and CC 34823 1948 26 T t NN 34823 1948 27 may may MD 34823 1948 28 not not RB 34823 1948 29 satisfy satisfy VB 34823 1948 30 [ [ -LRB- 34823 1948 31 the the DT 34823 1948 32 equation equation NN 34823 1948 33 . . . 34823 1948 34 ] ] -RRB- 34823 1949 1 For for IN 34823 1949 2 instance instance NN 34823 1949 3 , , , 34823 1949 4 suppose suppose VB 34823 1949 5 sugar sugar NN 34823 1949 6 is be VBZ 34823 1949 7 5c 5c CD 34823 1949 8 . . . 34823 1950 1 a a DT 34823 1950 2 pound pound NN 34823 1950 3 , , , 34823 1950 4 bacon bacon NN 34823 1950 5 20c 20c NNS 34823 1950 6 . . . 34823 1951 1 a a DT 34823 1951 2 pound pound NN 34823 1951 3 , , , 34823 1951 4 coffee coffee NN 34823 1951 5 35c 35c NNS 34823 1951 6 . . . 34823 1952 1 a a DT 34823 1952 2 pound pound NN 34823 1952 3 . . . 34823 1953 1 The the DT 34823 1953 2 average average JJ 34823 1953 3 price price NN 34823 1953 4 is be VBZ 34823 1953 5 20c 20c NNS 34823 1953 6 . . . 34823 1954 1 If if IN 34823 1954 2 a a DT 34823 1954 3 person person NN 34823 1954 4 buys buy VBZ 34823 1954 5 10 10 CD 34823 1954 6 lbs lbs NN 34823 1954 7 . . . 34823 1955 1 of of IN 34823 1955 2 sugar sugar NNP 34823 1955 3 , , , 34823 1955 4 3 3 CD 34823 1955 5 lbs lbs NN 34823 1955 6 . . . 34823 1956 1 of of IN 34823 1956 2 bacon bacon NNP 34823 1956 3 , , , 34823 1956 4 and and CC 34823 1956 5 1 1 CD 34823 1956 6 lb lb RB 34823 1956 7 . . . 34823 1957 1 of of IN 34823 1957 2 coffee coffee NN 34823 1957 3 , , , 34823 1957 4 the the DT 34823 1957 5 total total JJ 34823 1957 6 trading trading NN 34823 1957 7 is be VBZ 34823 1957 8 in in IN 34823 1957 9 14 14 CD 34823 1957 10 lbs lbs NN 34823 1957 11 . . . 34823 1958 1 of of IN 34823 1958 2 goods good NNS 34823 1958 3 . . . 34823 1959 1 The the DT 34823 1959 2 total total JJ 34823 1959 3 expenditure expenditure NN 34823 1959 4 is be VBZ 34823 1959 5 $ $ $ 34823 1959 6 1.45 1.45 CD 34823 1959 7 ; ; : 34823 1959 8 the the DT 34823 1959 9 product product NN 34823 1959 10 of of IN 34823 1959 11 the the DT 34823 1959 12 average average JJ 34823 1959 13 price price NN 34823 1959 14 by by IN 34823 1959 15 the the DT 34823 1959 16 total total JJ 34823 1959 17 trade trade NN 34823 1959 18 is be VBZ 34823 1959 19 $ $ $ 34823 1959 20 2.80 2.80 CD 34823 1959 21 ; ; : 34823 1959 22 the the DT 34823 1959 23 equation equation NN 34823 1959 24 is be VBZ 34823 1959 25 very very RB 34823 1959 26 far far RB 34823 1959 27 from from IN 34823 1959 28 satisfied satisfied JJ 34823 1959 29 . . . 34823 1959 30 " " '' 34823 1960 1 Wilson Wilson NNP 34823 1960 2 thinks think VBZ 34823 1960 3 it -PRON- PRP 34823 1960 4 necessary necessary JJ 34823 1960 5 , , , 34823 1960 6 to to TO 34823 1960 7 make make VB 34823 1960 8 the the DT 34823 1960 9 matter matter NN 34823 1960 10 straight straight RB 34823 1960 11 , , , 34823 1960 12 to to TO 34823 1960 13 define define VB 34823 1960 14 T t NN 34823 1960 15 , , , 34823 1960 16 arbitrarily arbitrarily RB 34823 1960 17 as as IN 34823 1960 18 ( ( -LRB- 34823 1960 19 MV MV NNP 34823 1960 20 + + SYM 34823 1960 21 M´V´)/P M´V´)/P NNP 34823 1960 22 in in IN 34823 1960 23 which which WDT 34823 1960 24 case case NN 34823 1960 25 , , , 34823 1960 26 the the DT 34823 1960 27 equation equation NN 34823 1960 28 is be VBZ 34823 1960 29 true true JJ 34823 1960 30 , , , 34823 1960 31 but but CC 34823 1960 32 so so RB 34823 1960 33 obviously obviously RB 34823 1960 34 a a DT 34823 1960 35 truism truism NN 34823 1960 36 that that WDT 34823 1960 37 no no DT 34823 1960 38 one one PRP 34823 1960 39 would would MD 34823 1960 40 see see VB 34823 1960 41 any any DT 34823 1960 42 point point NN 34823 1960 43 in in IN 34823 1960 44 stating state VBG 34823 1960 45 it -PRON- PRP 34823 1960 46 . . . 34823 1961 1 T T NNP 34823 1961 2 no no RB 34823 1961 3 longer long RBR 34823 1961 4 has have VBZ 34823 1961 5 any any DT 34823 1961 6 independent independent JJ 34823 1961 7 standing standing NN 34823 1961 8 . . . 34823 1962 1 Fisher Fisher NNP 34823 1962 2 has have VBZ 34823 1962 3 , , , 34823 1962 4 however however RB 34823 1962 5 , , , 34823 1962 6 an an DT 34823 1962 7 escape escape NN 34823 1962 8 from from IN 34823 1962 9 this this DT 34823 1962 10 status status NN 34823 1962 11 for for IN 34823 1962 12 T t NN 34823 1962 13 , , , 34823 1962 14 but but CC 34823 1962 15 only only RB 34823 1962 16 by by IN 34823 1962 17 reducing reduce VBG 34823 1962 18 P p NN 34823 1962 19 to to IN 34823 1962 20 the the DT 34823 1962 21 same same JJ 34823 1962 22 position position NN 34823 1962 23 . . . 34823 1963 1 He -PRON- PRP 34823 1963 2 defines define VBZ 34823 1963 3 P p NN 34823 1963 4 as as IN 34823 1963 5 the the DT 34823 1963 6 _ _ NNP 34823 1963 7 weighted weight VBD 34823 1963 8 _ _ NNP 34823 1963 9 average average NN 34823 1963 10 of of IN 34823 1963 11 the the DT 34823 1963 12 p p NN 34823 1963 13 's 's POS 34823 1963 14 ( ( -LRB- 34823 1963 15 27 27 CD 34823 1963 16 ) ) -RRB- 34823 1963 17 , , , 34823 1963 18 and and CC 34823 1963 19 fails fail VBZ 34823 1963 20 , , , 34823 1963 21 I -PRON- PRP 34823 1963 22 think think VBP 34823 1963 23 , , , 34823 1963 24 to to TO 34823 1963 25 see see VB 34823 1963 26 how how WRB 34823 1963 27 completely completely RB 34823 1963 28 this this DT 34823 1963 29 ties tie VBZ 34823 1963 30 it -PRON- PRP 34823 1963 31 up up RP 34823 1963 32 with with IN 34823 1963 33 T. t. NN 34823 1963 34 The the DT 34823 1963 35 only only JJ 34823 1963 36 method method NN 34823 1963 37 of of IN 34823 1963 38 weighting weight VBG 34823 1963 39 the the DT 34823 1963 40 p p NN 34823 1963 41 's 's NN 34823 1963 42 that that WDT 34823 1963 43 will will MD 34823 1963 44 leave leave VB 34823 1963 45 the the DT 34823 1963 46 equation equation NN 34823 1963 47 straight straight RB 34823 1963 48 is be VBZ 34823 1963 49 to to TO 34823 1963 50 weight weight VB 34823 1963 51 the the DT 34823 1963 52 different different JJ 34823 1963 53 prices price NNS 34823 1963 54 by by IN 34823 1963 55 the the DT 34823 1963 56 number number NN 34823 1963 57 of of IN 34823 1963 58 units unit NNS 34823 1963 59 of of IN 34823 1963 60 each each DT 34823 1963 61 kind kind NN 34823 1963 62 of of IN 34823 1963 63 good good JJ 34823 1963 64 sold sell VBN 34823 1963 65 , , , 34823 1963 66 namely namely RB 34823 1963 67 , , , 34823 1963 68 T. T. NNP 34823 1963 69 Thus thus RB 34823 1963 70 , , , 34823 1963 71 in in IN 34823 1963 72 Wilson Wilson NNP 34823 1963 73 's 's POS 34823 1963 74 illustration illustration NN 34823 1963 75 , , , 34823 1963 76 we -PRON- PRP 34823 1963 77 would would MD 34823 1963 78 define define VB 34823 1963 79 P p NN 34823 1963 80 as as IN 34823 1963 81 [ [ -LRB- 34823 1963 82 ( ( -LRB- 34823 1963 83 5c.×10 5c.×10 CD 34823 1963 84 ) ) -RRB- 34823 1963 85 + + NFP 34823 1963 86 ( ( -LRB- 34823 1963 87 20c.×3 20c.×3 NNP 34823 1963 88 ) ) -RRB- 34823 1963 89 + + CC 34823 1963 90 ( ( -LRB- 34823 1963 91 35c.×1)]/14 35c.×1)]/14 CD 34823 1963 92 P p NN 34823 1963 93 is be VBZ 34823 1963 94 then then RB 34823 1963 95 10 10 CD 34823 1963 96 - - SYM 34823 1963 97 5/14 5/14 CD 34823 1963 98 c. c. NN 34823 1963 99 , , , 34823 1963 100 while while IN 34823 1963 101 T T NNP 34823 1963 102 is be VBZ 34823 1963 103 14 14 CD 34823 1963 104 . . . 34823 1964 1 PT PT NNP 34823 1964 2 is be VBZ 34823 1964 3 , , , 34823 1964 4 then then RB 34823 1964 5 , , , 34823 1964 6 equal equal JJ 34823 1964 7 to to IN 34823 1964 8 $ $ $ 34823 1964 9 1.45 1.45 CD 34823 1964 10 , , , 34823 1964 11 which which WDT 34823 1964 12 is be VBZ 34823 1964 13 the the DT 34823 1964 14 total total JJ 34823 1964 15 expenditure expenditure NN 34823 1964 16 , , , 34823 1964 17 or or CC 34823 1964 18 MV MV NNP 34823 1964 19 + + CC 34823 1964 20 M´V m´v NN 34823 1964 21 ´ ´ CD 34823 1964 22 . . . 34823 1965 1 Be be VB 34823 1965 2 it -PRON- PRP 34823 1965 3 noted note VBN 34823 1965 4 , , , 34823 1965 5 here here RB 34823 1965 6 , , , 34823 1965 7 that that IN 34823 1965 8 P p NN 34823 1965 9 is be VBZ 34823 1965 10 defined define VBN 34823 1965 11 in in IN 34823 1965 12 terms term NNS 34823 1965 13 of of IN 34823 1965 14 T T NNP 34823 1965 15 , , , 34823 1965 16 _ _ NNP 34823 1965 17 i. i. NNP 34823 1966 1 e. e. NNP 34823 1966 2 _ _ NNP 34823 1966 3 , , , 34823 1966 4 P P NNP 34823 1966 5 is be VBZ 34823 1966 6 defined define VBN 34823 1966 7 as as IN 34823 1966 8 a a DT 34823 1966 9 fraction fraction NN 34823 1966 10 , , , 34823 1966 11 the the DT 34823 1966 12 denominator denominator NN 34823 1966 13 of of IN 34823 1966 14 which which WDT 34823 1966 15 is be VBZ 34823 1966 16 T. T. NNP 34823 1966 17 No no DT 34823 1966 18 other other JJ 34823 1966 19 definition definition NN 34823 1966 20 of of IN 34823 1966 21 P p NN 34823 1966 22 will will MD 34823 1966 23 serve serve VB 34823 1966 24 , , , 34823 1966 25 if if IN 34823 1966 26 T T NNP 34823 1966 27 is be VBZ 34823 1966 28 to to TO 34823 1966 29 be be VB 34823 1966 30 defined define VBN 34823 1966 31 independently independently RB 34823 1966 32 . . . 34823 1967 1 But but CC 34823 1967 2 notice notice VB 34823 1967 3 the the DT 34823 1967 4 corollary corollary NN 34823 1967 5 . . . 34823 1968 1 P p NN 34823 1968 2 must must MD 34823 1968 3 be be VB 34823 1968 4 differently differently RB 34823 1968 5 defined define VBN 34823 1968 6 each each DT 34823 1968 7 year year NN 34823 1968 8 , , , 34823 1968 9 for for IN 34823 1968 10 each each DT 34823 1968 11 new new JJ 34823 1968 12 equation equation NN 34823 1968 13 , , , 34823 1968 14 as as IN 34823 1968 15 T t NN 34823 1968 16 changes change VBZ 34823 1968 17 in in IN 34823 1968 18 total total JJ 34823 1968 19 magnitude magnitude NN 34823 1968 20 , , , 34823 1968 21 and and CC 34823 1968 22 as as IN 34823 1968 23 the the DT 34823 1968 24 elements element NNS 34823 1968 25 in in IN 34823 1968 26 T T NNP 34823 1968 27 are be VBP 34823 1968 28 changed change VBN 34823 1968 29 . . . 34823 1969 1 The the DT 34823 1969 2 equation equation NN 34823 1969 3 can can MD 34823 1969 4 not not RB 34823 1969 5 be be VB 34823 1969 6 kept keep VBN 34823 1969 7 straight straight RB 34823 1969 8 otherwise otherwise RB 34823 1969 9 . . . 34823 1970 1 Suppose suppose VB 34823 1970 2 that that IN 34823 1970 3 the the DT 34823 1970 4 prices price NNS 34823 1970 5 remain remain VBP 34823 1970 6 unchanged unchanged JJ 34823 1970 7 in in IN 34823 1970 8 the the DT 34823 1970 9 next next JJ 34823 1970 10 year year NN 34823 1970 11 , , , 34823 1970 12 but but CC 34823 1970 13 that that IN 34823 1970 14 one one CD 34823 1970 15 more more JJR 34823 1970 16 pound pound NN 34823 1970 17 of of IN 34823 1970 18 coffee coffee NN 34823 1970 19 , , , 34823 1970 20 and and CC 34823 1970 21 two two CD 34823 1970 22 less less JJR 34823 1970 23 pounds pound NNS 34823 1970 24 of of IN 34823 1970 25 sugar sugar NN 34823 1970 26 are be VBP 34823 1970 27 sold sell VBN 34823 1970 28 . . . 34823 1971 1 P p NN 34823 1971 2 , , , 34823 1971 3 as as IN 34823 1971 4 defined define VBN 34823 1971 5 for for IN 34823 1971 6 the the DT 34823 1971 7 equation equation NN 34823 1971 8 of of IN 34823 1971 9 the the DT 34823 1971 10 preceding precede VBG 34823 1971 11 year year NN 34823 1971 12 would would MD 34823 1971 13 no no RB 34823 1971 14 longer longer RB 34823 1971 15 fit fit VB 34823 1971 16 the the DT 34823 1971 17 equation equation NN 34823 1971 18 . . . 34823 1972 1 P p NN 34823 1972 2 , , , 34823 1972 3 as as IN 34823 1972 4 previously previously RB 34823 1972 5 defined define VBN 34823 1972 6 , , , 34823 1972 7 would would MD 34823 1972 8 be be VB 34823 1972 9 unaltered unaltered JJ 34823 1972 10 , , , 34823 1972 11 since since IN 34823 1972 12 none none NN 34823 1972 13 of of IN 34823 1972 14 the the DT 34823 1972 15 prices price NNS 34823 1972 16 in in IN 34823 1972 17 it -PRON- PRP 34823 1972 18 had have VBD 34823 1972 19 changed change VBN 34823 1972 20 . . . 34823 1973 1 P p NN 34823 1973 2 , , , 34823 1973 3 defined define VBN 34823 1973 4 as as IN 34823 1973 5 a a DT 34823 1973 6 weighted weighted JJ 34823 1973 7 average average NN 34823 1973 8 with with IN 34823 1973 9 the the DT 34823 1973 10 weights weight NNS 34823 1973 11 of of IN 34823 1973 12 the the DT 34823 1973 13 first first JJ 34823 1973 14 year year NN 34823 1973 15 , , , 34823 1973 16 would would MD 34823 1973 17 , , , 34823 1973 18 then then RB 34823 1973 19 , , , 34823 1973 20 still still RB 34823 1973 21 be be VB 34823 1973 22 10 10 CD 34823 1973 23 - - SYM 34823 1973 24 5/14 5/14 CD 34823 1973 25 cents cent NNS 34823 1973 26 . . . 34823 1974 1 The the DT 34823 1974 2 T t NN 34823 1974 3 in in IN 34823 1974 4 the the DT 34823 1974 5 new new JJ 34823 1974 6 equation equation NN 34823 1974 7 is be VBZ 34823 1974 8 13 13 CD 34823 1974 9 . . . 34823 1975 1 The the DT 34823 1975 2 product product NN 34823 1975 3 of of IN 34823 1975 4 P p NN 34823 1975 5 and and CC 34823 1975 6 T T NNP 34823 1975 7 is be VBZ 34823 1975 8 $ $ $ 34823 1975 9 1.34 1.34 CD 34823 1975 10 - - SYM 34823 1975 11 9/14 9/14 CD 34823 1975 12 . . . 34823 1976 1 But but CC 34823 1976 2 the the DT 34823 1976 3 total total JJ 34823 1976 4 expenditure expenditure NN 34823 1976 5 , , , 34823 1976 6 ( ( -LRB- 34823 1976 7 MV MV NNP 34823 1976 8 + + CC 34823 1976 9 M´V m´v NN 34823 1976 10 ´ ´ CD 34823 1976 11 ) ) -RRB- 34823 1976 12 is be VBZ 34823 1976 13 $ $ $ 34823 1976 14 1.70 1.70 CD 34823 1976 15 . . . 34823 1977 1 The the DT 34823 1977 2 equation equation NN 34823 1977 3 is be VBZ 34823 1977 4 not not RB 34823 1977 5 fulfilled fulfil VBN 34823 1977 6 . . . 34823 1978 1 To to TO 34823 1978 2 fulfill fulfill VB 34823 1978 3 the the DT 34823 1978 4 equation equation NN 34823 1978 5 , , , 34823 1978 6 it -PRON- PRP 34823 1978 7 is be VBZ 34823 1978 8 necessary necessary JJ 34823 1978 9 to to TO 34823 1978 10 get get VB 34823 1978 11 a a DT 34823 1978 12 new new JJ 34823 1978 13 set set NN 34823 1978 14 of of IN 34823 1978 15 weights weight NNS 34823 1978 16 for for IN 34823 1978 17 P p NN 34823 1978 18 , , , 34823 1978 19 in in IN 34823 1978 20 terms term NNS 34823 1978 21 of of IN 34823 1978 22 the the DT 34823 1978 23 new new JJ 34823 1978 24 T t NN 34823 1978 25 of of IN 34823 1978 26 the the DT 34823 1978 27 new new JJ 34823 1978 28 equation equation NN 34823 1978 29 . . . 34823 1979 1 From from IN 34823 1979 2 the the DT 34823 1979 3 standpoint standpoint NN 34823 1979 4 of of IN 34823 1979 5 a a DT 34823 1979 6 _ _ NNP 34823 1979 7 causal causal NN 34823 1979 8 _ _ NNP 34823 1979 9 theory theory NN 34823 1979 10 , , , 34823 1979 11 this this DT 34823 1979 12 is be VBZ 34823 1979 13 delightful delightful JJ 34823 1979 14 . . . 34823 1980 1 P p NN 34823 1980 2 is be VBZ 34823 1980 3 the the DT 34823 1980 4 _ _ NNP 34823 1980 5 problem problem NN 34823 1980 6 _ _ NNP 34823 1980 7 . . . 34823 1981 1 But but CC 34823 1981 2 you -PRON- PRP 34823 1981 3 are be VBP 34823 1981 4 not not RB 34823 1981 5 allowed allow VBN 34823 1981 6 to to IN 34823 1981 7 _ _ NNP 34823 1981 8 define define NN 34823 1981 9 _ _ IN 34823 1981 10 the the DT 34823 1981 11 problem problem NN 34823 1981 12 until until IN 34823 1981 13 you -PRON- PRP 34823 1981 14 know know VBP 34823 1981 15 what what WP 34823 1981 16 the the DT 34823 1981 17 _ _ NNP 34823 1981 18 explanation explanation NN 34823 1981 19 _ _ NNP 34823 1981 20 is be VBZ 34823 1981 21 ! ! . 34823 1982 1 Then then RB 34823 1982 2 you -PRON- PRP 34823 1982 3 define define VBP 34823 1982 4 the the DT 34823 1982 5 problem problem NN 34823 1982 6 as as IN 34823 1982 7 that that DT 34823 1982 8 which which WDT 34823 1982 9 the the DT 34823 1982 10 explanation explanation NN 34823 1982 11 will will MD 34823 1982 12 explain explain VB 34823 1982 13 ! ! . 34823 1983 1 Fisher Fisher NNP 34823 1983 2 , , , 34823 1983 3 however however RB 34823 1983 4 , , , 34823 1983 5 appears appear VBZ 34823 1983 6 unaware unaware JJ 34823 1983 7 of of IN 34823 1983 8 this this DT 34823 1983 9 . . . 34823 1984 1 At at IN 34823 1984 2 all all DT 34823 1984 3 events event NNS 34823 1984 4 , , , 34823 1984 5 he -PRON- PRP 34823 1984 6 does do VBZ 34823 1984 7 not not RB 34823 1984 8 mention mention VB 34823 1984 9 it -PRON- PRP 34823 1984 10 . . . 34823 1985 1 And and CC 34823 1985 2 he -PRON- PRP 34823 1985 3 ignores ignore VBZ 34823 1985 4 it -PRON- PRP 34823 1985 5 in in IN 34823 1985 6 filling fill VBG 34823 1985 7 out out RP 34823 1985 8 his -PRON- PRP$ 34823 1985 9 equation equation NN 34823 1985 10 statistically statistically RB 34823 1985 11 , , , 34823 1985 12 for for IN 34823 1985 13 he -PRON- PRP 34823 1985 14 assigns assign VBZ 34823 1985 15 one one CD 34823 1985 16 set set NN 34823 1985 17 of of IN 34823 1985 18 weights weight NNS 34823 1985 19 to to IN 34823 1985 20 the the DT 34823 1985 21 particular particular JJ 34823 1985 22 prices price NNS 34823 1985 23 in in IN 34823 1985 24 his -PRON- PRP$ 34823 1985 25 P p NN 34823 1985 26 throughout throughout IN 34823 1985 27 . . . 34823 1986 1 [ [ -LRB- 34823 1986 2 148 148 CD 34823 1986 3 ] ] -RRB- 34823 1986 4 The the DT 34823 1986 5 causal causal JJ 34823 1986 6 theory theory NN 34823 1986 7 with with IN 34823 1986 8 which which WDT 34823 1986 9 the the DT 34823 1986 10 equation equation NN 34823 1986 11 of of IN 34823 1986 12 exchange exchange NN 34823 1986 13 is be VBZ 34823 1986 14 associated associate VBN 34823 1986 15 is be VBZ 34823 1986 16 as as IN 34823 1986 17 follows follow VBZ 34823 1986 18 : : : 34823 1986 19 P p NN 34823 1986 20 is be VBZ 34823 1986 21 passive passive JJ 34823 1986 22 . . . 34823 1987 1 A a DT 34823 1987 2 change change NN 34823 1987 3 in in IN 34823 1987 4 the the DT 34823 1987 5 equation equation NN 34823 1987 6 can can MD 34823 1987 7 not not RB 34823 1987 8 be be VB 34823 1987 9 initiated initiate VBN 34823 1987 10 by by IN 34823 1987 11 P. P. NNP 34823 1987 12 If if IN 34823 1987 13 P P NNP 34823 1987 14 should should MD 34823 1987 15 change change VB 34823 1987 16 without without IN 34823 1987 17 a a DT 34823 1987 18 prior prior JJ 34823 1987 19 change change NN 34823 1987 20 in in IN 34823 1987 21 one one CD 34823 1987 22 of of IN 34823 1987 23 the the DT 34823 1987 24 other other JJ 34823 1987 25 factors factor NNS 34823 1987 26 , , , 34823 1987 27 forces force NNS 34823 1987 28 would would MD 34823 1987 29 be be VB 34823 1987 30 set set VBN 34823 1987 31 in in IN 34823 1987 32 operation operation NN 34823 1987 33 which which WDT 34823 1987 34 would would MD 34823 1987 35 force force VB 34823 1987 36 it -PRON- PRP 34823 1987 37 back back RB 34823 1987 38 to to IN 34823 1987 39 its -PRON- PRP$ 34823 1987 40 original original JJ 34823 1987 41 magnitude magnitude NN 34823 1987 42 . . . 34823 1988 1 M M NNP 34823 1988 2 and and CC 34823 1988 3 T T NNP 34823 1988 4 are be VBP 34823 1988 5 independent independent JJ 34823 1988 6 magnitudes magnitude NNS 34823 1988 7 . . . 34823 1989 1 A a DT 34823 1989 2 change change NN 34823 1989 3 in in IN 34823 1989 4 one one NN 34823 1989 5 does do VBZ 34823 1989 6 not not RB 34823 1989 7 occasion occasion VB 34823 1989 8 a a DT 34823 1989 9 change change NN 34823 1989 10 in in IN 34823 1989 11 the the DT 34823 1989 12 other other JJ 34823 1989 13 . . . 34823 1990 1 An an DT 34823 1990 2 increase increase NN 34823 1990 3 or or CC 34823 1990 4 decrease decrease NN 34823 1990 5 in in IN 34823 1990 6 M M NNP 34823 1990 7 will will MD 34823 1990 8 not not RB 34823 1990 9 cause cause VB 34823 1990 10 a a DT 34823 1990 11 change change NN 34823 1990 12 in in IN 34823 1990 13 V. V. NNP 34823 1990 14 Therefore Therefore NNP 34823 1990 15 , , , 34823 1990 16 an an DT 34823 1990 17 increase increase NN 34823 1990 18 in in IN 34823 1990 19 M M NNP 34823 1990 20 must must MD 34823 1990 21 lead lead VB 34823 1990 22 to to IN 34823 1990 23 a a DT 34823 1990 24 proportionate proportionate JJ 34823 1990 25 increase increase NN 34823 1990 26 in in IN 34823 1990 27 P p NN 34823 1990 28 , , , 34823 1990 29 and and CC 34823 1990 30 a a DT 34823 1990 31 decrease decrease NN 34823 1990 32 in in IN 34823 1990 33 M m NN 34823 1990 34 to to IN 34823 1990 35 a a DT 34823 1990 36 proportionate proportionate NN 34823 1990 37 decrease decrease NN 34823 1990 38 in in IN 34823 1990 39 P p NN 34823 1990 40 , , , 34823 1990 41 if if IN 34823 1990 42 the the DT 34823 1990 43 equation equation NN 34823 1990 44 is be VBZ 34823 1990 45 to to TO 34823 1990 46 be be VB 34823 1990 47 kept keep VBN 34823 1990 48 straight straight RB 34823 1990 49 . . . 34823 1991 1 Changes change NNS 34823 1991 2 in in IN 34823 1991 3 T t NN 34823 1991 4 have have VBP 34823 1991 5 opposite opposite JJ 34823 1991 6 proportional proportional JJ 34823 1991 7 effects effect NNS 34823 1991 8 on on IN 34823 1991 9 P. P. NNP 34823 1991 10 Before before IN 34823 1991 11 examining examine VBG 34823 1991 12 the the DT 34823 1991 13 validity validity NN 34823 1991 14 of of IN 34823 1991 15 the the DT 34823 1991 16 causal causal JJ 34823 1991 17 theory theory NN 34823 1991 18 , , , 34823 1991 19 and and CC 34823 1991 20 the the DT 34823 1991 21 arguments argument NNS 34823 1991 22 by by IN 34823 1991 23 which which WDT 34823 1991 24 it -PRON- PRP 34823 1991 25 is be VBZ 34823 1991 26 supported support VBN 34823 1991 27 , , , 34823 1991 28 it -PRON- PRP 34823 1991 29 will will MD 34823 1991 30 be be VB 34823 1991 31 best good JJS 34823 1991 32 to to TO 34823 1991 33 state state VB 34823 1991 34 the the DT 34823 1991 35 more more RBR 34823 1991 36 complex complex JJ 34823 1991 37 formula formula NN 34823 1991 38 which which WDT 34823 1991 39 Professor Professor NNP 34823 1991 40 Fisher Fisher NNP 34823 1991 41 advances advance VBZ 34823 1991 42 as as IN 34823 1991 43 expressing express VBG 34823 1991 44 the the DT 34823 1991 45 facts fact NNS 34823 1991 46 of of IN 34823 1991 47 to to IN 34823 1991 48 - - HYPH 34823 1991 49 day day NN 34823 1991 50 . . . 34823 1992 1 The the DT 34823 1992 2 original original JJ 34823 1992 3 formula formula NN 34823 1992 4 ignored ignore VBD 34823 1992 5 credit credit NN 34823 1992 6 , , , 34823 1992 7 and and CC 34823 1992 8 ignored ignore VBD 34823 1992 9 the the DT 34823 1992 10 possibility possibility NN 34823 1992 11 of of IN 34823 1992 12 resort resort NN 34823 1992 13 to to IN 34823 1992 14 barter barter NN 34823 1992 15 . . . 34823 1993 1 It -PRON- PRP 34823 1993 2 also also RB 34823 1993 3 failed fail VBD 34823 1993 4 to to TO 34823 1993 5 reckon reckon VB 34823 1993 6 with with IN 34823 1993 7 certain certain JJ 34823 1993 8 complications complication NNS 34823 1993 9 which which WDT 34823 1993 10 Fisher Fisher NNP 34823 1993 11 deals deal VBZ 34823 1993 12 with with IN 34823 1993 13 as as IN 34823 1993 14 " " `` 34823 1993 15 transitional transitional JJ 34823 1993 16 " " '' 34823 1993 17 rather rather RB 34823 1993 18 than than IN 34823 1993 19 " " `` 34823 1993 20 normal normal JJ 34823 1993 21 . . . 34823 1993 22 " " '' 34823 1994 1 The the DT 34823 1994 2 formula formula NN 34823 1994 3 which which WDT 34823 1994 4 includes include VBZ 34823 1994 5 credit credit NN 34823 1994 6 is be VBZ 34823 1994 7 as as IN 34823 1994 8 follows follow VBZ 34823 1994 9 : : : 34823 1994 10 MV mv NN 34823 1994 11 + + CC 34823 1994 12 M´V m´v NN 34823 1994 13 ´ ´ NNP 34823 1994 14 = = SYM 34823 1994 15 PT PT NNP 34823 1994 16 Here here RB 34823 1994 17 , , , 34823 1994 18 MV MV NNP 34823 1994 19 and and CC 34823 1994 20 PT PT NNP 34823 1994 21 have have VBP 34823 1994 22 the the DT 34823 1994 23 same same JJ 34823 1994 24 significance significance NN 34823 1994 25 as as IN 34823 1994 26 before before RB 34823 1994 27 . . . 34823 1995 1 M M NNP 34823 1995 2 ´ ´ CD 34823 1995 3 is be VBZ 34823 1995 4 the the DT 34823 1995 5 average average JJ 34823 1995 6 amount amount NN 34823 1995 7 of of IN 34823 1995 8 bank bank NN 34823 1995 9 - - HYPH 34823 1995 10 deposits deposit NNS 34823 1995 11 in in IN 34823 1995 12 the the DT 34823 1995 13 given give VBN 34823 1995 14 region region NN 34823 1995 15 for for IN 34823 1995 16 the the DT 34823 1995 17 given give VBN 34823 1995 18 period period NN 34823 1995 19 , , , 34823 1995 20 and and CC 34823 1995 21 V V NNP 34823 1995 22 ´ ´ CD 34823 1995 23 is be VBZ 34823 1995 24 the the DT 34823 1995 25 velocity velocity NN 34823 1995 26 of of IN 34823 1995 27 circulation circulation NN 34823 1995 28 of of IN 34823 1995 29 those those DT 34823 1995 30 deposits deposit NNS 34823 1995 31 . . . 34823 1996 1 M m NN 34823 1996 2 , , , 34823 1996 3 money money NN 34823 1996 4 , , , 34823 1996 5 consists consist VBZ 34823 1996 6 of of IN 34823 1996 7 all all PDT 34823 1996 8 the the DT 34823 1996 9 media medium NNS 34823 1996 10 of of IN 34823 1996 11 exchange exchange NN 34823 1996 12 in in IN 34823 1996 13 circulation circulation NN 34823 1996 14 which which WDT 34823 1996 15 are be VBP 34823 1996 16 _ _ NNP 34823 1996 17 generally generally RB 34823 1996 18 _ _ NNP 34823 1996 19 acceptable acceptable JJ 34823 1996 20 , , , 34823 1996 21 as as IN 34823 1996 22 distinguished distinguish VBN 34823 1996 23 from from IN 34823 1996 24 those those DT 34823 1996 25 which which WDT 34823 1996 26 are be VBP 34823 1996 27 acceptable acceptable JJ 34823 1996 28 under under IN 34823 1996 29 particular particular JJ 34823 1996 30 conditions condition NNS 34823 1996 31 , , , 34823 1996 32 as as IN 34823 1996 33 by by IN 34823 1996 34 endorsement endorsement NN 34823 1996 35 . . . 34823 1997 1 M M NNP 34823 1997 2 excludes exclude VBZ 34823 1997 3 money money NN 34823 1997 4 in in IN 34823 1997 5 bank bank NN 34823 1997 6 reserves reserve NNS 34823 1997 7 and and CC 34823 1997 8 government government NN 34823 1997 9 vaults vault NNS 34823 1997 10 . . . 34823 1998 1 Money money NN 34823 1998 2 , , , 34823 1998 3 specifically specifically RB 34823 1998 4 , , , 34823 1998 5 includes include VBZ 34823 1998 6 gold gold NN 34823 1998 7 and and CC 34823 1998 8 silver silver NN 34823 1998 9 coin coin NN 34823 1998 10 , , , 34823 1998 11 minor minor JJ 34823 1998 12 coins coin NNS 34823 1998 13 , , , 34823 1998 14 government government NN 34823 1998 15 paper paper NN 34823 1998 16 money money NN 34823 1998 17 , , , 34823 1998 18 and and CC 34823 1998 19 bank bank NN 34823 1998 20 - - HYPH 34823 1998 21 notes note NNS 34823 1998 22 ; ; : 34823 1998 23 M M NNP 34823 1998 24 ´ ´ NNP 34823 1998 25 consists consist VBZ 34823 1998 26 of of IN 34823 1998 27 deposits deposit NNS 34823 1998 28 transferable transferable JJ 34823 1998 29 by by IN 34823 1998 30 check check NN 34823 1998 31 . . . 34823 1999 1 This this DT 34823 1999 2 version version NN 34823 1999 3 would would MD 34823 1999 4 not not RB 34823 1999 5 satisfy satisfy VB 34823 1999 6 such such PDT 34823 1999 7 a a DT 34823 1999 8 writer writer NN 34823 1999 9 as as IN 34823 1999 10 Nicholson,[149 Nicholson,[149 NNP 34823 1999 11 ] ] -RRB- 34823 1999 12 who who WP 34823 1999 13 would would MD 34823 1999 14 limit limit VB 34823 1999 15 money money NN 34823 1999 16 to to IN 34823 1999 17 gold gold NN 34823 1999 18 coin coin NN 34823 1999 19 , , , 34823 1999 20 and and CC 34823 1999 21 would would MD 34823 1999 22 include include VB 34823 1999 23 in in IN 34823 1999 24 M M NNP 34823 1999 25 ´ ´ CD 34823 1999 26 not not RB 34823 1999 27 only only RB 34823 1999 28 deposits deposit NNS 34823 1999 29 , , , 34823 1999 30 but but CC 34823 1999 31 also also RB 34823 1999 32 bank bank NN 34823 1999 33 - - HYPH 34823 1999 34 notes note NNS 34823 1999 35 , , , 34823 1999 36 and and CC 34823 1999 37 other other JJ 34823 1999 38 credit credit NN 34823 1999 39 instruments instrument NNS 34823 1999 40 . . . 34823 2000 1 I -PRON- PRP 34823 2000 2 may may MD 34823 2000 3 suggest suggest VB 34823 2000 4 here here RB 34823 2000 5 , , , 34823 2000 6 what what WP 34823 2000 7 I -PRON- PRP 34823 2000 8 shall shall MD 34823 2000 9 later later RB 34823 2000 10 emphasize emphasize VB 34823 2000 11 , , , 34823 2000 12 that that IN 34823 2000 13 Fisher Fisher NNP 34823 2000 14 's 's POS 34823 2000 15 " " `` 34823 2000 16 money money NN 34823 2000 17 , , , 34823 2000 18 " " '' 34823 2000 19 though though IN 34823 2000 20 he -PRON- PRP 34823 2000 21 doubtless doubtless RB 34823 2000 22 is be VBZ 34823 2000 23 using use VBG 34823 2000 24 the the DT 34823 2000 25 most most RBS 34823 2000 26 common common JJ 34823 2000 27 definition definition NN 34823 2000 28 of of IN 34823 2000 29 money money NN 34823 2000 30 , , , 34823 2000 31 is be VBZ 34823 2000 32 really really RB 34823 2000 33 a a DT 34823 2000 34 pretty pretty RB 34823 2000 35 heterogeneous heterogeneous JJ 34823 2000 36 group group NN 34823 2000 37 of of IN 34823 2000 38 things thing NNS 34823 2000 39 , , , 34823 2000 40 concerning concern VBG 34823 2000 41 which which WDT 34823 2000 42 it -PRON- PRP 34823 2000 43 is be VBZ 34823 2000 44 possible possible JJ 34823 2000 45 to to TO 34823 2000 46 make make VB 34823 2000 47 few few JJ 34823 2000 48 general general JJ 34823 2000 49 statements statement NNS 34823 2000 50 safely safely RB 34823 2000 51 . . . 34823 2001 1 In in IN 34823 2001 2 economic economic JJ 34823 2001 3 essence essence NN 34823 2001 4 , , , 34823 2001 5 _ _ NNP 34823 2001 6 e. e. NNP 34823 2002 1 g. g. NNP 34823 2002 2 _ _ NNP 34823 2002 3 , , , 34823 2002 4 bank bank NN 34823 2002 5 - - HYPH 34823 2002 6 notes note NNS 34823 2002 7 are be VBP 34823 2002 8 much much RB 34823 2002 9 more more JJR 34823 2002 10 like like IN 34823 2002 11 deposits deposit NNS 34823 2002 12 than than IN 34823 2002 13 like like IN 34823 2002 14 gold gold NN 34823 2002 15 , , , 34823 2002 16 and and CC 34823 2002 17 if if IN 34823 2002 18 one one CD 34823 2002 19 wishes wish VBZ 34823 2002 20 to to TO 34823 2002 21 separate separate VB 34823 2002 22 money money NN 34823 2002 23 and and CC 34823 2002 24 credit credit NN 34823 2002 25 , , , 34823 2002 26 bank bank NN 34823 2002 27 - - HYPH 34823 2002 28 notes note NNS 34823 2002 29 belong belong VBP 34823 2002 30 with with IN 34823 2002 31 M M NNP 34823 2002 32 ´ ´ CD 34823 2002 33 rather rather RB 34823 2002 34 than than IN 34823 2002 35 with with IN 34823 2002 36 M. M. NNP 34823 2002 37 But but CC 34823 2002 38 we -PRON- PRP 34823 2002 39 must must MD 34823 2002 40 take take VB 34823 2002 41 the the DT 34823 2002 42 theory theory NN 34823 2002 43 as as IN 34823 2002 44 we -PRON- PRP 34823 2002 45 find find VBP 34823 2002 46 it -PRON- PRP 34823 2002 47 ! ! . 34823 2003 1 Again again RB 34823 2003 2 , , , 34823 2003 3 credit credit NN 34823 2003 4 is be VBZ 34823 2003 5 by by IN 34823 2003 6 no no DT 34823 2003 7 means mean NNS 34823 2003 8 exhausted exhausted JJ 34823 2003 9 when when WRB 34823 2003 10 bank bank NN 34823 2003 11 - - HYPH 34823 2003 12 deposits deposit NNS 34823 2003 13 are be VBP 34823 2003 14 named name VBN 34823 2003 15 . . . 34823 2004 1 Why why WRB 34823 2004 2 should should MD 34823 2004 3 not not RB 34823 2004 4 book book VB 34823 2004 5 - - HYPH 34823 2004 6 credits credit NNS 34823 2004 7 , , , 34823 2004 8 and and CC 34823 2004 9 bills bill NNS 34823 2004 10 of of IN 34823 2004 11 exchange exchange NN 34823 2004 12 be be VB 34823 2004 13 included include VBN 34823 2004 14 ? ? . 34823 2005 1 Why why WRB 34823 2005 2 not not RB 34823 2005 3 postal postal JJ 34823 2005 4 money money NN 34823 2005 5 - - HYPH 34823 2005 6 orders order NNS 34823 2005 7 , , , 34823 2005 8 why why WRB 34823 2005 9 not not RB 34823 2005 10 deposits deposit NNS 34823 2005 11 subject subject JJ 34823 2005 12 to to IN 34823 2005 13 transfer transfer NN 34823 2005 14 by by IN 34823 2005 15 the the DT 34823 2005 16 giro giro NN 34823 2005 17 - - HYPH 34823 2005 18 system system NN 34823 2005 19 ? ? . 34823 2006 1 M M NNP 34823 2006 2 ´ ´ CD 34823 2006 3 is be VBZ 34823 2006 4 defined[150 defined[150 ADD 34823 2006 5 ] ] -RRB- 34823 2006 6 as as IN 34823 2006 7 " " `` 34823 2006 8 the the DT 34823 2006 9 total total JJ 34823 2006 10 deposits deposit NNS 34823 2006 11 subject subject JJ 34823 2006 12 to to IN 34823 2006 13 transfer transfer NN 34823 2006 14 by by IN 34823 2006 15 check check NN 34823 2006 16 , , , 34823 2006 17 " " '' 34823 2006 18 and and CC 34823 2006 19 would would MD 34823 2006 20 , , , 34823 2006 21 thus thus RB 34823 2006 22 , , , 34823 2006 23 exclude exclude VB 34823 2006 24 the the DT 34823 2006 25 giro giro NN 34823 2006 26 - - HYPH 34823 2006 27 system system NN 34823 2006 28 of of IN 34823 2006 29 Germany Germany NNP 34823 2006 30 . . . 34823 2007 1 It -PRON- PRP 34823 2007 2 is be VBZ 34823 2007 3 surely surely RB 34823 2007 4 a a DT 34823 2007 5 very very RB 34823 2007 6 provincial provincial JJ 34823 2007 7 equation equation NN 34823 2007 8 of of IN 34823 2007 9 exchange exchange NN 34823 2007 10 , , , 34823 2007 11 with with IN 34823 2007 12 which which WDT 34823 2007 13 Fisher Fisher NNP 34823 2007 14 and and CC 34823 2007 15 Kemmerer Kemmerer NNP 34823 2007 16 seek seek VBP 34823 2007 17 to to TO 34823 2007 18 set set VB 34823 2007 19 forth forth RP 34823 2007 20 the the DT 34823 2007 21 universal universal JJ 34823 2007 22 laws law NNS 34823 2007 23 of of IN 34823 2007 24 money money NN 34823 2007 25 ! ! . 34823 2008 1 Fisher Fisher NNP 34823 2008 2 's 's POS 34823 2008 3 reason reason NN 34823 2008 4 for for IN 34823 2008 5 excluding exclude VBG 34823 2008 6 book book NN 34823 2008 7 - - HYPH 34823 2008 8 credits credit NNS 34823 2008 9 is be VBZ 34823 2008 10 that that DT 34823 2008 11 book book NN 34823 2008 12 - - HYPH 34823 2008 13 credits credit NNS 34823 2008 14 merely merely RB 34823 2008 15 postpone postpone VBP 34823 2008 16 , , , 34823 2008 17 and and CC 34823 2008 18 do do VBP 34823 2008 19 not not RB 34823 2008 20 dispense dispense VB 34823 2008 21 with with IN 34823 2008 22 , , , 34823 2008 23 the the DT 34823 2008 24 use use NN 34823 2008 25 of of IN 34823 2008 26 money money NN 34823 2008 27 and and CC 34823 2008 28 checks check NNS 34823 2008 29 . . . 34823 2009 1 [ [ -LRB- 34823 2009 2 151 151 CD 34823 2009 3 ] ] -RRB- 34823 2009 4 Book book NN 34823 2009 5 - - HYPH 34823 2009 6 credits credit NNS 34823 2009 7 , , , 34823 2009 8 unlike unlike IN 34823 2009 9 deposits deposit NNS 34823 2009 10 , , , 34823 2009 11 have have VBP 34823 2009 12 no no DT 34823 2009 13 _ _ NNP 34823 2009 14 direct direct JJ 34823 2009 15 _ _ NNP 34823 2009 16 effect effect NN 34823 2009 17 on on IN 34823 2009 18 prices price NNS 34823 2009 19 ( ( -LRB- 34823 2009 20 _ _ NNP 34823 2009 21 Ibid Ibid NNP 34823 2009 22 . . . 34823 2009 23 _ _ NNP 34823 2009 24 , , , 34823 2009 25 82 82 CD 34823 2009 26 , , , 34823 2009 27 n. n. NN 34823 2009 28 ; ; : 34823 2009 29 370 370 CD 34823 2009 30 ) ) -RRB- 34823 2009 31 , , , 34823 2009 32 but but CC 34823 2009 33 only only RB 34823 2009 34 an an DT 34823 2009 35 indirect indirect JJ 34823 2009 36 effect effect NN 34823 2009 37 , , , 34823 2009 38 by by IN 34823 2009 39 increasing increase VBG 34823 2009 40 the the DT 34823 2009 41 velocity velocity NN 34823 2009 42 of of IN 34823 2009 43 money money NN 34823 2009 44 . . . 34823 2010 1 ( ( -LRB- 34823 2010 2 _ _ NNP 34823 2010 3 Ibid Ibid NNP 34823 2010 4 . . . 34823 2010 5 _ _ NNP 34823 2010 6 , , , 34823 2010 7 81 81 CD 34823 2010 8 - - SYM 34823 2010 9 82 82 CD 34823 2010 10 ; ; : 34823 2010 11 370 370 CD 34823 2010 12 - - SYM 34823 2010 13 371 371 CD 34823 2010 14 . . . 34823 2010 15 ) ) -RRB- 34823 2011 1 Book book NN 34823 2011 2 - - HYPH 34823 2011 3 credit credit NN 34823 2011 4 , , , 34823 2011 5 indeed indeed RB 34823 2011 6 " " `` 34823 2011 7 time time NN 34823 2011 8 - - HYPH 34823 2011 9 credit credit NN 34823 2011 10 " " '' 34823 2011 11 in in IN 34823 2011 12 general general JJ 34823 2011 13 thus thus RB 34823 2011 14 has have VBZ 34823 2011 15 no no DT 34823 2011 16 direct direct JJ 34823 2011 17 effect effect NN 34823 2011 18 on on IN 34823 2011 19 prices price NNS 34823 2011 20 , , , 34823 2011 21 and and CC 34823 2011 22 is be VBZ 34823 2011 23 properly properly RB 34823 2011 24 excluded exclude VBN 34823 2011 25 from from IN 34823 2011 26 the the DT 34823 2011 27 equation equation NN 34823 2011 28 of of IN 34823 2011 29 exchange exchange NN 34823 2011 30 . . . 34823 2012 1 These these DT 34823 2012 2 distinctions distinction NNS 34823 2012 3 seem seem VBP 34823 2012 4 to to IN 34823 2012 5 me -PRON- PRP 34823 2012 6 highly highly RB 34823 2012 7 artificial artificial JJ 34823 2012 8 . . . 34823 2013 1 In in IN 34823 2013 2 the the DT 34823 2013 3 first first JJ 34823 2013 4 place place NN 34823 2013 5 , , , 34823 2013 6 the the DT 34823 2013 7 use use NN 34823 2013 8 of of IN 34823 2013 9 checks check NNS 34823 2013 10 , , , 34823 2013 11 in in IN 34823 2013 12 part part NN 34823 2013 13 , , , 34823 2013 14 merely merely RB 34823 2013 15 postpones postpone VBZ 34823 2013 16 the the DT 34823 2013 17 use use NN 34823 2013 18 of of IN 34823 2013 19 money money NN 34823 2013 20 : : : 34823 2013 21 money money NN 34823 2013 22 is be VBZ 34823 2013 23 moved move VBN 34823 2013 24 back back RB 34823 2013 25 and and CC 34823 2013 26 forth forth RB 34823 2013 27 from from IN 34823 2013 28 one one CD 34823 2013 29 part part NN 34823 2013 30 of of IN 34823 2013 31 the the DT 34823 2013 32 country country NN 34823 2013 33 to to IN 34823 2013 34 another another DT 34823 2013 35 , , , 34823 2013 36 and and CC 34823 2013 37 from from IN 34823 2013 38 one one CD 34823 2013 39 bank bank NN 34823 2013 40 to to IN 34823 2013 41 another another DT 34823 2013 42 , , , 34823 2013 43 to to IN 34823 2013 44 the the DT 34823 2013 45 extent extent NN 34823 2013 46 that that WDT 34823 2013 47 checks check NNS 34823 2013 48 fail fail VBP 34823 2013 49 to to TO 34823 2013 50 offset offset VB 34823 2013 51 one one CD 34823 2013 52 another another DT 34823 2013 53 , , , 34823 2013 54 and and CC 34823 2013 55 in in IN 34823 2013 56 the the DT 34823 2013 57 case case NN 34823 2013 58 of of IN 34823 2013 59 book book NN 34823 2013 60 - - HYPH 34823 2013 61 credit credit NN 34823 2013 62 , , , 34823 2013 63 while while IN 34823 2013 64 there there EX 34823 2013 65 is be VBZ 34823 2013 66 less less JJR 34823 2013 67 of of IN 34823 2013 68 this this DT 34823 2013 69 offsetting offset VBG 34823 2013 70 , , , 34823 2013 71 there there EX 34823 2013 72 is be VBZ 34823 2013 73 a a DT 34823 2013 74 good good JJ 34823 2013 75 deal deal NN 34823 2013 76 of of IN 34823 2013 77 it -PRON- PRP 34823 2013 78 , , , 34823 2013 79 especially especially RB 34823 2013 80 between between IN 34823 2013 81 stockbrokers stockbroker NNS 34823 2013 82 in in IN 34823 2013 83 different different JJ 34823 2013 84 cities city NNS 34823 2013 85 , , , 34823 2013 86 and and CC 34823 2013 87 in in IN 34823 2013 88 small small JJ 34823 2013 89 towns town NNS 34823 2013 90 and and CC 34823 2013 91 at at IN 34823 2013 92 country country NN 34823 2013 93 stores store NNS 34823 2013 94 , , , 34823 2013 95 and and CC 34823 2013 96 particularly particularly RB 34823 2013 97 in in IN 34823 2013 98 the the DT 34823 2013 99 South South NNP 34823 2013 100 , , , 34823 2013 101 where where WRB 34823 2013 102 the the DT 34823 2013 103 country country NN 34823 2013 104 storekeeper storekeeper RBR 34823 2013 105 and and CC 34823 2013 106 " " `` 34823 2013 107 factor factor NN 34823 2013 108 " " '' 34823 2013 109 are be VBP 34823 2013 110 also also RB 34823 2013 111 dealers dealer NNS 34823 2013 112 in in IN 34823 2013 113 cotton cotton NN 34823 2013 114 , , , 34823 2013 115 etc etc FW 34823 2013 116 . . FW 34823 2013 117 , , , 34823 2013 118 and and CC 34823 2013 119 where where WRB 34823 2013 120 they -PRON- PRP 34823 2013 121 advance advance VBP 34823 2013 122 provisions provision NNS 34823 2013 123 during during IN 34823 2013 124 the the DT 34823 2013 125 year year NN 34823 2013 126 to to IN 34823 2013 127 the the DT 34823 2013 128 small small JJ 34823 2013 129 farmers farmer NNS 34823 2013 130 , , , 34823 2013 131 receiving receive VBG 34823 2013 132 their -PRON- PRP$ 34823 2013 133 pay pay NN 34823 2013 134 , , , 34823 2013 135 in in IN 34823 2013 136 considerable considerable JJ 34823 2013 137 degree degree NN 34823 2013 138 , , , 34823 2013 139 not not RB 34823 2013 140 in in IN 34823 2013 141 money money NN 34823 2013 142 , , , 34823 2013 143 but but CC 34823 2013 144 in in IN 34823 2013 145 cotton cotton NN 34823 2013 146 , , , 34823 2013 147 which which WDT 34823 2013 148 they -PRON- PRP 34823 2013 149 credit credit VBP 34823 2013 150 on on IN 34823 2013 151 the the DT 34823 2013 152 books book NNS 34823 2013 153 in in IN 34823 2013 154 terms term NNS 34823 2013 155 of of IN 34823 2013 156 money money NN 34823 2013 157 to to IN 34823 2013 158 the the DT 34823 2013 159 customer customer NN 34823 2013 160 -- -- : 34823 2013 161 a a DT 34823 2013 162 point point NN 34823 2013 163 which which WDT 34823 2013 164 Fisher Fisher NNP 34823 2013 165 mentions mention VBZ 34823 2013 166 in in IN 34823 2013 167 an an DT 34823 2013 168 appendix appendix NNP 34823 2013 169 . . . 34823 2014 1 ( ( -LRB- 34823 2014 2 _ _ NNP 34823 2014 3 Ibid Ibid NNP 34823 2014 4 . . . 34823 2014 5 _ _ NNP 34823 2014 6 , , , 34823 2014 7 p. p. NN 34823 2015 1 371 371 CD 34823 2015 2 . . . 34823 2015 3 ) ) -RRB- 34823 2016 1 The the DT 34823 2016 2 difference difference NN 34823 2016 3 on on IN 34823 2016 4 this this DT 34823 2016 5 point point NN 34823 2016 6 is be VBZ 34823 2016 7 a a DT 34823 2016 8 difference difference NN 34823 2016 9 in in IN 34823 2016 10 degree degree NN 34823 2016 11 merely merely RB 34823 2016 12 . . . 34823 2017 1 [ [ -LRB- 34823 2017 2 152 152 CD 34823 2017 3 ] ] -RRB- 34823 2017 4 Further far RBR 34823 2017 5 , , , 34823 2017 6 Fisher Fisher NNP 34823 2017 7 makes make VBZ 34823 2017 8 the the DT 34823 2017 9 same same JJ 34823 2017 10 point point NN 34823 2017 11 with with IN 34823 2017 12 reference reference NN 34823 2017 13 to to IN 34823 2017 14 deposits deposit NNS 34823 2017 15 subject subject JJ 34823 2017 16 to to TO 34823 2017 17 check check VB 34823 2017 18 that that IN 34823 2017 19 he -PRON- PRP 34823 2017 20 makes make VBZ 34823 2017 21 with with IN 34823 2017 22 reference reference NN 34823 2017 23 to to IN 34823 2017 24 book book NN 34823 2017 25 - - HYPH 34823 2017 26 credits credit NNS 34823 2017 27 , , , 34823 2017 28 namely namely RB 34823 2017 29 , , , 34823 2017 30 that that IN 34823 2017 31 their -PRON- PRP$ 34823 2017 32 use use NN 34823 2017 33 increases increase VBZ 34823 2017 34 the the DT 34823 2017 35 velocity velocity NN 34823 2017 36 of of IN 34823 2017 37 money money NN 34823 2017 38 . . . 34823 2018 1 To to TO 34823 2018 2 say say VB 34823 2018 3 that that IN 34823 2018 4 one one PRP 34823 2018 5 has have VBZ 34823 2018 6 a a DT 34823 2018 7 _ _ NNP 34823 2018 8 direct direct JJ 34823 2018 9 _ _ NNP 34823 2018 10 effect effect NN 34823 2018 11 on on IN 34823 2018 12 prices price NNS 34823 2018 13 , , , 34823 2018 14 and and CC 34823 2018 15 the the DT 34823 2018 16 other other JJ 34823 2018 17 only only RB 34823 2018 18 an an DT 34823 2018 19 indirect indirect JJ 34823 2018 20 effect effect NN 34823 2018 21 is be VBZ 34823 2018 22 absolutely absolutely RB 34823 2018 23 arbitrary arbitrary JJ 34823 2018 24 . . . 34823 2019 1 If if IN 34823 2019 2 buying buying NN 34823 2019 3 and and CC 34823 2019 4 selling selling NN 34823 2019 5 are be VBP 34823 2019 6 what what WDT 34823 2019 7 count count NN 34823 2019 8 , , , 34823 2019 9 if if IN 34823 2019 10 prices price NNS 34823 2019 11 are be VBP 34823 2019 12 forced force VBN 34823 2019 13 up up RP 34823 2019 14 by by IN 34823 2019 15 the the DT 34823 2019 16 offer offer NN 34823 2019 17 of of IN 34823 2019 18 money money NN 34823 2019 19 or or CC 34823 2019 20 credit credit NN 34823 2019 21 for for IN 34823 2019 22 goods good NNS 34823 2019 23 , , , 34823 2019 24 and and CC 34823 2019 25 forced force VBD 34823 2019 26 down down RP 34823 2019 27 as as IN 34823 2019 28 the the DT 34823 2019 29 amount amount NN 34823 2019 30 of of IN 34823 2019 31 money money NN 34823 2019 32 and and CC 34823 2019 33 credit credit NN 34823 2019 34 offered offer VBN 34823 2019 35 for for IN 34823 2019 36 goods good NNS 34823 2019 37 is be VBZ 34823 2019 38 reduced reduce VBN 34823 2019 39 , , , 34823 2019 40 then then RB 34823 2019 41 one one CD 34823 2019 42 exchange exchange NN 34823 2019 43 must must MD 34823 2019 44 count count VB 34823 2019 45 for for IN 34823 2019 46 as as RB 34823 2019 47 much much JJ 34823 2019 48 as as IN 34823 2019 49 any any DT 34823 2019 50 other other JJ 34823 2019 51 of of IN 34823 2019 52 like like UH 34823 2019 53 magnitude magnitude NN 34823 2019 54 in in IN 34823 2019 55 fixing fix VBG 34823 2019 56 prices price NNS 34823 2019 57 . . . 34823 2020 1 The the DT 34823 2020 2 same same JJ 34823 2020 3 is be VBZ 34823 2020 4 true true JJ 34823 2020 5 of of IN 34823 2020 6 transactions transaction NNS 34823 2020 7 in in IN 34823 2020 8 which which WDT 34823 2020 9 bills bill NNS 34823 2020 10 of of IN 34823 2020 11 exchange exchange NN 34823 2020 12 or or CC 34823 2020 13 other other JJ 34823 2020 14 credit credit NN 34823 2020 15 devices device NNS 34823 2020 16 serve serve VBP 34823 2020 17 as as IN 34823 2020 18 media medium NNS 34823 2020 19 of of IN 34823 2020 20 exchange exchange NN 34823 2020 21 . . . 34823 2021 1 Of of RB 34823 2021 2 course course RB 34823 2021 3 these these DT 34823 2021 4 considerations consideration NNS 34823 2021 5 do do VBP 34823 2021 6 not not RB 34823 2021 7 render render VB 34823 2021 8 the the DT 34823 2021 9 equation equation NN 34823 2021 10 of of IN 34823 2021 11 exchange exchange NN 34823 2021 12 , , , 34823 2021 13 as as IN 34823 2021 14 presented present VBN 34823 2021 15 by by IN 34823 2021 16 Fisher Fisher NNP 34823 2021 17 , , , 34823 2021 18 untrue untrue JJ 34823 2021 19 . . . 34823 2022 1 The the DT 34823 2022 2 equation equation NN 34823 2022 3 simply simply RB 34823 2022 4 states state VBZ 34823 2022 5 that that IN 34823 2022 6 the the DT 34823 2022 7 money money NN 34823 2022 8 and and CC 34823 2022 9 bank bank NN 34823 2022 10 - - HYPH 34823 2022 11 deposits deposit NNS 34823 2022 12 used use VBN 34823 2022 13 in in IN 34823 2022 14 paying pay VBG 34823 2022 15 for for IN 34823 2022 16 goods good NNS 34823 2022 17 in in IN 34823 2022 18 a a DT 34823 2022 19 given give VBN 34823 2022 20 period period NN 34823 2022 21 are be VBP 34823 2022 22 equal equal JJ 34823 2022 23 to to IN 34823 2022 24 the the DT 34823 2022 25 amount amount NN 34823 2022 26 paid pay VBN 34823 2022 27 for for IN 34823 2022 28 those those DT 34823 2022 29 goods good NNS 34823 2022 30 in in IN 34823 2022 31 a a DT 34823 2022 32 given give VBN 34823 2022 33 period period NN 34823 2022 34 . . . 34823 2023 1 It -PRON- PRP 34823 2023 2 makes make VBZ 34823 2023 3 no no DT 34823 2023 4 assertion assertion NN 34823 2023 5 concerning concern VBG 34823 2023 6 payments payment NNS 34823 2023 7 for for IN 34823 2023 8 other other JJ 34823 2023 9 goods good NNS 34823 2023 10 , , , 34823 2023 11 and and CC 34823 2023 12 makes make VBZ 34823 2023 13 no no DT 34823 2023 14 assertion assertion NN 34823 2023 15 as as IN 34823 2023 16 to to IN 34823 2023 17 the the DT 34823 2023 18 amount amount NN 34823 2023 19 of of IN 34823 2023 20 other other JJ 34823 2023 21 transactions transaction NNS 34823 2023 22 which which WDT 34823 2023 23 are be VBP 34823 2023 24 paid pay VBN 34823 2023 25 for for IN 34823 2023 26 in in IN 34823 2023 27 other other JJ 34823 2023 28 ways way NNS 34823 2023 29 . . . 34823 2024 1 General General NNP 34823 2024 2 Walker Walker NNP 34823 2024 3 , , , 34823 2024 4 presented present VBN 34823 2024 5 with with IN 34823 2024 6 the the DT 34823 2024 7 problem problem NN 34823 2024 8 of of IN 34823 2024 9 credit credit NN 34823 2024 10 phenomena phenomenon NNS 34823 2024 11 , , , 34823 2024 12 simplifies simplify VBZ 34823 2024 13 the the DT 34823 2024 14 thing thing NN 34823 2024 15 even even RB 34823 2024 16 more more RBR 34823 2024 17 . . . 34823 2025 1 [ [ -LRB- 34823 2025 2 153 153 CD 34823 2025 3 ] ] -RRB- 34823 2025 4 He -PRON- PRP 34823 2025 5 rules rule VBZ 34823 2025 6 out out RP 34823 2025 7 all all DT 34823 2025 8 exchanges exchange NNS 34823 2025 9 which which WDT 34823 2025 10 are be VBP 34823 2025 11 effected effect VBN 34823 2025 12 by by IN 34823 2025 13 credit credit NN 34823 2025 14 devices device NNS 34823 2025 15 , , , 34823 2025 16 counting count VBG 34823 2025 17 only only RB 34823 2025 18 those those DT 34823 2025 19 performed perform VBN 34823 2025 20 by by IN 34823 2025 21 coin coin NN 34823 2025 22 , , , 34823 2025 23 bank bank NN 34823 2025 24 - - HYPH 34823 2025 25 notes note NNS 34823 2025 26 and and CC 34823 2025 27 government government NN 34823 2025 28 paper paper NN 34823 2025 29 money money NN 34823 2025 30 , , , 34823 2025 31 and and CC 34823 2025 32 insists insist VBZ 34823 2025 33 that that IN 34823 2025 34 the the DT 34823 2025 35 general general JJ 34823 2025 36 price price NN 34823 2025 37 - - HYPH 34823 2025 38 level level NN 34823 2025 39 is be VBZ 34823 2025 40 determined determine VBN 34823 2025 41 in in IN 34823 2025 42 those those DT 34823 2025 43 exchanges exchange NNS 34823 2025 44 in in IN 34823 2025 45 which which WDT 34823 2025 46 money money NN 34823 2025 47 alone alone RB 34823 2025 48 ( ( -LRB- 34823 2025 49 as as RB 34823 2025 50 thus thus RB 34823 2025 51 defined define VBN 34823 2025 52 ) ) -RRB- 34823 2025 53 is be VBZ 34823 2025 54 employed employ VBN 34823 2025 55 . . . 34823 2026 1 His -PRON- PRP$ 34823 2026 2 equation equation NN 34823 2026 3 -- -- : 34823 2026 4 if if IN 34823 2026 5 he -PRON- PRP 34823 2026 6 had have VBD 34823 2026 7 considered consider VBN 34823 2026 8 it -PRON- PRP 34823 2026 9 worth worth JJ 34823 2026 10 while while IN 34823 2026 11 to to TO 34823 2026 12 use use VB 34823 2026 13 one one CD 34823 2026 14 -- -- : 34823 2026 15 would would MD 34823 2026 16 then then RB 34823 2026 17 have have VB 34823 2026 18 been be VBN 34823 2026 19 simply simply RB 34823 2026 20 MV MV NNP 34823 2026 21 = = SYM 34823 2026 22 PT PT NNP 34823 2026 23 where where WRB 34823 2026 24 T T NNP 34823 2026 25 would would MD 34823 2026 26 be be VB 34823 2026 27 merely merely RB 34823 2026 28 the the DT 34823 2026 29 number number NN 34823 2026 30 of of IN 34823 2026 31 goods good NNS 34823 2026 32 exchanged exchange VBN 34823 2026 33 by by IN 34823 2026 34 means mean NNS 34823 2026 35 of of IN 34823 2026 36 money money NN 34823 2026 37 . . . 34823 2027 1 One one PRP 34823 2027 2 could could MD 34823 2027 3 make make VB 34823 2027 4 a a DT 34823 2027 5 similar similar JJ 34823 2027 6 equation equation NN 34823 2027 7 , , , 34823 2027 8 equally equally RB 34823 2027 9 true true JJ 34823 2027 10 , , , 34823 2027 11 by by IN 34823 2027 12 defining define VBG 34823 2027 13 money money NN 34823 2027 14 as as IN 34823 2027 15 gold gold JJ 34823 2027 16 coin coin NN 34823 2027 17 , , , 34823 2027 18 and and CC 34823 2027 19 reducing reduce VBG 34823 2027 20 T T NNP 34823 2027 21 correspondingly correspondingly RB 34823 2027 22 . . . 34823 2028 1 Is be VBZ 34823 2028 2 there there EX 34823 2028 3 any any DT 34823 2028 4 reason reason NN 34823 2028 5 for for IN 34823 2028 6 limiting limit VBG 34823 2028 7 the the DT 34823 2028 8 equation equation NN 34823 2028 9 at at RB 34823 2028 10 all all RB 34823 2028 11 ? ? . 34823 2029 1 [ [ -LRB- 34823 2029 2 154 154 CD 34823 2029 3 ] ] -RRB- 34823 2029 4 Is be VBZ 34823 2029 5 there there EX 34823 2029 6 any any DT 34823 2029 7 reason reason NN 34823 2029 8 for for IN 34823 2029 9 supposing suppose VBG 34823 2029 10 that that IN 34823 2029 11 any any DT 34823 2029 12 one one CD 34823 2029 13 set set NN 34823 2029 14 of of IN 34823 2029 15 exchanges exchange NNS 34823 2029 16 is be VBZ 34823 2029 17 more more RBR 34823 2029 18 significant significant JJ 34823 2029 19 for for IN 34823 2029 20 the the DT 34823 2029 21 determination determination NN 34823 2029 22 of of IN 34823 2029 23 the the DT 34823 2029 24 price price NN 34823 2029 25 - - HYPH 34823 2029 26 level level NN 34823 2029 27 than than IN 34823 2029 28 any any DT 34823 2029 29 other other JJ 34823 2029 30 set set NN 34823 2029 31 of of IN 34823 2029 32 exchanges exchange NNS 34823 2029 33 ? ? . 34823 2030 1 Does do VBZ 34823 2030 2 not not RB 34823 2030 3 the the DT 34823 2030 4 logic logic NN 34823 2030 5 of of IN 34823 2030 6 the the DT 34823 2030 7 quantity quantity NN 34823 2030 8 theory theory NN 34823 2030 9 require require VBP 34823 2030 10 us -PRON- PRP 34823 2030 11 to to TO 34823 2030 12 include include VB 34823 2030 13 all all DT 34823 2030 14 exchanges exchange NNS 34823 2030 15 which which WDT 34823 2030 16 run run VBP 34823 2030 17 in in IN 34823 2030 18 terms term NNS 34823 2030 19 of of IN 34823 2030 20 money?--If money?--If NNP 34823 2030 21 one one CD 34823 2030 22 wishes wish VBZ 34823 2030 23 a a DT 34823 2030 24 complete complete JJ 34823 2030 25 picture picture NN 34823 2030 26 of of IN 34823 2030 27 the the DT 34823 2030 28 exchanges exchange NNS 34823 2030 29 , , , 34823 2030 30 some some DT 34823 2030 31 such such JJ 34823 2030 32 equation equation NN 34823 2030 33 as as IN 34823 2030 34 this this DT 34823 2030 35 would would MD 34823 2030 36 be be VB 34823 2030 37 necessary necessary JJ 34823 2030 38 : : : 34823 2030 39 MV mv NN 34823 2030 40 + + CC 34823 2030 41 M´V m´v NN 34823 2030 42 ´ ´ CD 34823 2030 43 + + SYM 34823 2030 44 BV bv NN 34823 2030 45 ´ ´ CD 34823 2030 46 ´ ´ CD 34823 2030 47 + + SYM 34823 2030 48 EV ev NN 34823 2030 49 ´ ´ CD 34823 2030 50 ´ ´ CD 34823 2030 51 ´ ´ CD 34823 2030 52 + + SYM 34823 2030 53 OV OV NNP 34823 2030 54 ´ ´ CD 34823 2030 55 ´ ´ CD 34823 2030 56 ´ ´ CD 34823 2030 57 ´ ´ CD 34823 2030 58 = = SYM 34823 2030 59 PT PT NNP 34823 2030 60 , , , 34823 2030 61 where where WRB 34823 2030 62 B b NN 34823 2030 63 represents represent VBZ 34823 2030 64 book book NN 34823 2030 65 - - HYPH 34823 2030 66 credit credit NN 34823 2030 67 , , , 34823 2030 68 V V NNP 34823 2030 69 ´ ´ CD 34823 2030 70 ´ ´ CD 34823 2030 71 the the DT 34823 2030 72 number number NN 34823 2030 73 of of IN 34823 2030 74 times time NNS 34823 2030 75 a a DT 34823 2030 76 given give VBN 34823 2030 77 average average JJ 34823 2030 78 amount amount NN 34823 2030 79 of of IN 34823 2030 80 book book NN 34823 2030 81 - - HYPH 34823 2030 82 credit credit NN 34823 2030 83 is be VBZ 34823 2030 84 used use VBN 34823 2030 85 in in IN 34823 2030 86 the the DT 34823 2030 87 period period NN 34823 2030 88 , , , 34823 2030 89 E e NN 34823 2030 90 bills bill NNS 34823 2030 91 of of IN 34823 2030 92 exchange exchange NN 34823 2030 93 , , , 34823 2030 94 and and CC 34823 2030 95 V V NNP 34823 2030 96 ´ ´ CD 34823 2030 97 ´ ´ CD 34823 2030 98 ´ ´ CD 34823 2030 99 their -PRON- PRP$ 34823 2030 100 velocity velocity NN 34823 2030 101 of of IN 34823 2030 102 circulation circulation NN 34823 2030 103 , , , 34823 2030 104 and and CC 34823 2030 105 O o UH 34823 2030 106 all all DT 34823 2030 107 other other JJ 34823 2030 108 substitutes substitute NNS 34823 2030 109 for for IN 34823 2030 110 money money NN 34823 2030 111 , , , 34823 2030 112 with with IN 34823 2030 113 V V NNP 34823 2030 114 ´ ´ CD 34823 2030 115 ´ ´ CD 34823 2030 116 ´ ´ CD 34823 2030 117 ´ ´ CD 34823 2030 118 as as IN 34823 2030 119 their -PRON- PRP$ 34823 2030 120 velocity velocity NN 34823 2030 121 of of IN 34823 2030 122 circulation circulation NN 34823 2030 123 . . . 34823 2031 1 Even even RB 34823 2031 2 then then RB 34823 2031 3 we -PRON- PRP 34823 2031 4 have have VBP 34823 2031 5 not not RB 34823 2031 6 a a DT 34823 2031 7 complete complete JJ 34823 2031 8 picture picture NN 34823 2031 9 , , , 34823 2031 10 if if IN 34823 2031 11 direct direct JJ 34823 2031 12 barter barter NN 34823 2031 13 or or CC 34823 2031 14 the the DT 34823 2031 15 equivalents equivalent NNS 34823 2031 16 of of IN 34823 2031 17 barter barter NN 34823 2031 18 can can MD 34823 2031 19 be be VB 34823 2031 20 shown show VBN 34823 2031 21 to to TO 34823 2031 22 be be VB 34823 2031 23 important important JJ 34823 2031 24 . . . 34823 2032 1 For for IN 34823 2032 2 the the DT 34823 2032 3 present present NN 34823 2032 4 , , , 34823 2032 5 I -PRON- PRP 34823 2032 6 waive waive VBP 34823 2032 7 a a DT 34823 2032 8 discussion discussion NN 34823 2032 9 of of IN 34823 2032 10 the the DT 34823 2032 11 comparative comparative JJ 34823 2032 12 importance importance NN 34823 2032 13 of of IN 34823 2032 14 these these DT 34823 2032 15 different different JJ 34823 2032 16 methods method NNS 34823 2032 17 of of IN 34823 2032 18 conducting conduct VBG 34823 2032 19 exchanges exchange NNS 34823 2032 20 . . . 34823 2033 1 The the DT 34823 2033 2 situation situation NN 34823 2033 3 varies vary VBZ 34823 2033 4 greatly greatly RB 34823 2033 5 with with IN 34823 2033 6 different different JJ 34823 2033 7 countries country NNS 34823 2033 8 . . . 34823 2034 1 Fisher Fisher NNP 34823 2034 2 's 's POS 34823 2034 3 and and CC 34823 2034 4 Kemmerer Kemmerer NNP 34823 2034 5 's 's POS 34823 2034 6 equations equation NNS 34823 2034 7 are be VBP 34823 2034 8 at at IN 34823 2034 9 best good JJS 34823 2034 10 plausible plausible JJ 34823 2034 11 when when WRB 34823 2034 12 presented present VBN 34823 2034 13 as as IN 34823 2034 14 describing describe VBG 34823 2034 15 American american JJ 34823 2034 16 conditions condition NNS 34823 2034 17 , , , 34823 2034 18 are be VBP 34823 2034 19 much much RB 34823 2034 20 less less RBR 34823 2034 21 plausible plausible JJ 34823 2034 22 when when WRB 34823 2034 23 applied apply VBN 34823 2034 24 to to IN 34823 2034 25 Canada Canada NNP 34823 2034 26 and and CC 34823 2034 27 England England NNP 34823 2034 28 , , , 34823 2034 29 and and CC 34823 2034 30 are be VBP 34823 2034 31 caricatures caricature NNS 34823 2034 32 when when WRB 34823 2034 33 applied apply VBN 34823 2034 34 to to IN 34823 2034 35 Germany Germany NNP 34823 2034 36 and and CC 34823 2034 37 France France NNP 34823 2034 38 . . . 34823 2035 1 So so RB 34823 2035 2 much much JJ 34823 2035 3 for for IN 34823 2035 4 the the DT 34823 2035 5 statement statement NN 34823 2035 6 of of IN 34823 2035 7 the the DT 34823 2035 8 equation equation NNP 34823 2035 9 of of IN 34823 2035 10 exchange exchange NN 34823 2035 11 , , , 34823 2035 12 except except IN 34823 2035 13 that that IN 34823 2035 14 it -PRON- PRP 34823 2035 15 is be VBZ 34823 2035 16 important important JJ 34823 2035 17 to to TO 34823 2035 18 add add VB 34823 2035 19 that that IN 34823 2035 20 the the DT 34823 2035 21 period period NN 34823 2035 22 of of IN 34823 2035 23 time time NN 34823 2035 24 chosen choose VBN 34823 2035 25 for for IN 34823 2035 26 the the DT 34823 2035 27 equation equation NN 34823 2035 28 is be VBZ 34823 2035 29 one one CD 34823 2035 30 year year NN 34823 2035 31 . . . 34823 2036 1 Just just RB 34823 2036 2 why why WRB 34823 2036 3 a a DT 34823 2036 4 year year NN 34823 2036 5 , , , 34823 2036 6 rather rather RB 34823 2036 7 than than IN 34823 2036 8 a a DT 34823 2036 9 month month NN 34823 2036 10 or or CC 34823 2036 11 two two CD 34823 2036 12 years year NNS 34823 2036 13 or or CC 34823 2036 14 a a DT 34823 2036 15 decade decade NN 34823 2036 16 should should MD 34823 2036 17 be be VB 34823 2036 18 chosen choose VBN 34823 2036 19 , , , 34823 2036 20 may may MD 34823 2036 21 await await VB 34823 2036 22 full full JJ 34823 2036 23 discussion discussion NN 34823 2036 24 till till IN 34823 2036 25 later later RB 34823 2036 26 . . . 34823 2037 1 I -PRON- PRP 34823 2037 2 shall shall MD 34823 2037 3 venture venture VB 34823 2037 4 here here RB 34823 2037 5 the the DT 34823 2037 6 opinion opinion NN 34823 2037 7 that that IN 34823 2037 8 the the DT 34823 2037 9 yearly yearly JJ 34823 2037 10 period period NN 34823 2037 11 is be VBZ 34823 2037 12 not not RB 34823 2037 13 the the DT 34823 2037 14 period period NN 34823 2037 15 that that WDT 34823 2037 16 should should MD 34823 2037 17 have have VB 34823 2037 18 been be VBN 34823 2037 19 chosen choose VBN 34823 2037 20 from from IN 34823 2037 21 the the DT 34823 2037 22 standpoint standpoint NN 34823 2037 23 of of IN 34823 2037 24 Fisher Fisher NNP 34823 2037 25 's 's POS 34823 2037 26 causal causal JJ 34823 2037 27 theory theory NN 34823 2037 28 , , , 34823 2037 29 and and CC 34823 2037 30 that that IN 34823 2037 31 it -PRON- PRP 34823 2037 32 probably probably RB 34823 2037 33 was be VBD 34823 2037 34 chosen choose VBN 34823 2037 35 , , , 34823 2037 36 if if IN 34823 2037 37 for for IN 34823 2037 38 any any DT 34823 2037 39 conscious conscious JJ 34823 2037 40 reason reason NN 34823 2037 41 at at RB 34823 2037 42 all all RB 34823 2037 43 , , , 34823 2037 44 because because IN 34823 2037 45 of of IN 34823 2037 46 the the DT 34823 2037 47 fact fact NN 34823 2037 48 that that IN 34823 2037 49 statistical statistical JJ 34823 2037 50 data datum NNS 34823 2037 51 which which WDT 34823 2037 52 Fisher Fisher NNP 34823 2037 53 wished wish VBD 34823 2037 54 to to TO 34823 2037 55 put put VB 34823 2037 56 into into IN 34823 2037 57 it -PRON- PRP 34823 2037 58 are be VBP 34823 2037 59 commonly commonly RB 34823 2037 60 presented present VBN 34823 2037 61 as as IN 34823 2037 62 annual annual JJ 34823 2037 63 averages average NNS 34823 2037 64 . . . 34823 2038 1 The the DT 34823 2038 2 question question NN 34823 2038 3 now now RB 34823 2038 4 is be VBZ 34823 2038 5 , , , 34823 2038 6 however however RB 34823 2038 7 , , , 34823 2038 8 as as IN 34823 2038 9 to to IN 34823 2038 10 the the DT 34823 2038 11 use use NN 34823 2038 12 to to TO 34823 2038 13 be be VB 34823 2038 14 made make VBN 34823 2038 15 of of IN 34823 2038 16 the the DT 34823 2038 17 equation equation NN 34823 2038 18 in in IN 34823 2038 19 the the DT 34823 2038 20 development development NN 34823 2038 21 of of IN 34823 2038 22 a a DT 34823 2038 23 causal causal JJ 34823 2038 24 theory theory NN 34823 2038 25 . . . 34823 2039 1 CHAPTER CHAPTER NNP 34823 2039 2 IX IX NNP 34823 2039 3 THE the DT 34823 2039 4 VOLUME volume NN 34823 2039 5 OF of IN 34823 2039 6 MONEY money NN 34823 2039 7 AND and CC 34823 2039 8 THE the DT 34823 2039 9 VOLUME volume NN 34823 2039 10 OF of IN 34823 2039 11 CREDIT CREDIT NNP 34823 2039 12 John John NNP 34823 2039 13 Stuart Stuart NNP 34823 2039 14 Mill Mill NNP 34823 2039 15 , , , 34823 2039 16 who who WP 34823 2039 17 first first RB 34823 2039 18 among among IN 34823 2039 19 the the DT 34823 2039 20 great great JJ 34823 2039 21 figures figure NNS 34823 2039 22 in in IN 34823 2039 23 economics economic NNS 34823 2039 24 gives give VBZ 34823 2039 25 a a DT 34823 2039 26 realistic realistic JJ 34823 2039 27 analysis analysis NN 34823 2039 28 of of IN 34823 2039 29 modern modern JJ 34823 2039 30 credit credit NN 34823 2039 31 phenomena phenomenon NNS 34823 2039 32 , , , 34823 2039 33 thought think VBD 34823 2039 34 that that IN 34823 2039 35 credit credit NN 34823 2039 36 acts act NNS 34823 2039 37 on on IN 34823 2039 38 prices price NNS 34823 2039 39 in in IN 34823 2039 40 the the DT 34823 2039 41 same same JJ 34823 2039 42 way way NN 34823 2039 43 that that WDT 34823 2039 44 money money NN 34823 2039 45 itself -PRON- PRP 34823 2039 46 does[155 does[155 NNP 34823 2039 47 ] ] -RRB- 34823 2039 48 and and CC 34823 2039 49 that that IN 34823 2039 50 this this DT 34823 2039 51 reduces reduce VBZ 34823 2039 52 the the DT 34823 2039 53 significance significance NN 34823 2039 54 of of IN 34823 2039 55 the the DT 34823 2039 56 quantity quantity NN 34823 2039 57 theory theory NN 34823 2039 58 tendency tendency NN 34823 2039 59 greatly greatly RB 34823 2039 60 , , , 34823 2039 61 and and CC 34823 2039 62 to to IN 34823 2039 63 an an DT 34823 2039 64 indeterminate indeterminate JJ 34823 2039 65 degree degree NN 34823 2039 66 . . . 34823 2040 1 The the DT 34823 2040 2 quantity quantity NN 34823 2040 3 theory theory NN 34823 2040 4 is be VBZ 34823 2040 5 largely largely RB 34823 2040 6 whittled whittle VBN 34823 2040 7 away away RB 34823 2040 8 in in IN 34823 2040 9 Mill Mill NNP 34823 2040 10 's 's POS 34823 2040 11 exposition exposition NN 34823 2040 12 of of IN 34823 2040 13 the the DT 34823 2040 14 influence influence NN 34823 2040 15 of of IN 34823 2040 16 credit credit NN 34823 2040 17 . . . 34823 2041 1 In in IN 34823 2041 2 Fisher Fisher NNP 34823 2041 3 we -PRON- PRP 34823 2041 4 have have VBP 34823 2041 5 a a DT 34823 2041 6 much much RB 34823 2041 7 more more RBR 34823 2041 8 rigorous rigorous JJ 34823 2041 9 doctrine doctrine NN 34823 2041 10 . . . 34823 2042 1 The the DT 34823 2042 2 quantity quantity NN 34823 2042 3 of of IN 34823 2042 4 money money NN 34823 2042 5 still still RB 34823 2042 6 governs govern VBZ 34823 2042 7 the the DT 34823 2042 8 price price NN 34823 2042 9 - - HYPH 34823 2042 10 level level NN 34823 2042 11 , , , 34823 2042 12 because because IN 34823 2042 13 M M NNP 34823 2042 14 governs govern VBZ 34823 2042 15 M M NNP 34823 2042 16 ´ ´ CD 34823 2042 17 . . . 34823 2043 1 The the DT 34823 2043 2 volume volume NN 34823 2043 3 of of IN 34823 2043 4 bank bank NN 34823 2043 5 - - HYPH 34823 2043 6 deposits deposit NNS 34823 2043 7 depends depend VBZ 34823 2043 8 on on IN 34823 2043 9 the the DT 34823 2043 10 volume volume NN 34823 2043 11 of of IN 34823 2043 12 money money NN 34823 2043 13 , , , 34823 2043 14 and and CC 34823 2043 15 bears bear VBZ 34823 2043 16 a a DT 34823 2043 17 pretty pretty RB 34823 2043 18 definitely definitely RB 34823 2043 19 fixed fix VBN 34823 2043 20 ratio ratio NN 34823 2043 21 to to IN 34823 2043 22 it -PRON- PRP 34823 2043 23 . . . 34823 2044 1 Just just RB 34823 2044 2 how how WRB 34823 2044 3 close close JJ 34823 2044 4 the the DT 34823 2044 5 relation relation NN 34823 2044 6 is be VBZ 34823 2044 7 , , , 34823 2044 8 Professor Professor NNP 34823 2044 9 Fisher Fisher NNP 34823 2044 10 does do VBZ 34823 2044 11 not not RB 34823 2044 12 say say VB 34823 2044 13 , , , 34823 2044 14 but but CC 34823 2044 15 the the DT 34823 2044 16 greater great JJR 34823 2044 17 part part NN 34823 2044 18 of of IN 34823 2044 19 his -PRON- PRP$ 34823 2044 20 argument argument NN 34823 2044 21 , , , 34823 2044 22 especially especially RB 34823 2044 23 in in IN 34823 2044 24 ch ch NN 34823 2044 25 . . . 34823 2045 1 8,[156 8,[156 NFP 34823 2045 2 ] ] -RRB- 34823 2045 3 rests rest NNS 34823 2045 4 on on IN 34823 2045 5 the the DT 34823 2045 6 assumption assumption NN 34823 2045 7 that that IN 34823 2045 8 the the DT 34823 2045 9 ratio ratio NN 34823 2045 10 is be VBZ 34823 2045 11 very very RB 34823 2045 12 constant constant JJ 34823 2045 13 and and CC 34823 2045 14 definite definite JJ 34823 2045 15 indeed indeed RB 34823 2045 16 . . . 34823 2046 1 At at IN 34823 2046 2 all all DT 34823 2046 3 events event NNS 34823 2046 4 , , , 34823 2046 5 the the DT 34823 2046 6 importance importance NN 34823 2046 7 of of IN 34823 2046 8 the the DT 34823 2046 9 theory theory NN 34823 2046 10 , , , 34823 2046 11 as as IN 34823 2046 12 an an DT 34823 2046 13 explanation explanation NN 34823 2046 14 of of IN 34823 2046 15 concrete concrete JJ 34823 2046 16 price price NN 34823 2046 17 - - HYPH 34823 2046 18 levels level NNS 34823 2046 19 , , , 34823 2046 20 will will MD 34823 2046 21 vary vary VB 34823 2046 22 with with IN 34823 2046 23 the the DT 34823 2046 24 closeness closeness NN 34823 2046 25 of of IN 34823 2046 26 this this DT 34823 2046 27 connection connection NN 34823 2046 28 , , , 34823 2046 29 and and CC 34823 2046 30 the the DT 34823 2046 31 invariability invariability NN 34823 2046 32 of of IN 34823 2046 33 this this DT 34823 2046 34 ratio ratio NN 34823 2046 35 . . . 34823 2047 1 It -PRON- PRP 34823 2047 2 is be VBZ 34823 2047 3 not not RB 34823 2047 4 too too RB 34823 2047 5 much much JJ 34823 2047 6 to to TO 34823 2047 7 say say VB 34823 2047 8 _ _ NNP 34823 2047 9 that that IN 34823 2047 10 the the DT 34823 2047 11 book book NN 34823 2047 12 falls fall VBZ 34823 2047 13 with with IN 34823 2047 14 this this DT 34823 2047 15 proposition proposition NN 34823 2047 16 _ _ NNP 34823 2047 17 , , , 34823 2047 18 to to IN 34823 2047 19 wit wit NN 34823 2047 20 , , , 34823 2047 21 that that IN 34823 2047 22 M M NNP 34823 2047 23 controls control VBZ 34823 2047 24 M M NNP 34823 2047 25 ´ ´ CD 34823 2047 26 , , , 34823 2047 27 and and CC 34823 2047 28 that that IN 34823 2047 29 there there EX 34823 2047 30 is be VBZ 34823 2047 31 a a DT 34823 2047 32 fixed fix VBN 34823 2047 33 ratio ratio NN 34823 2047 34 between between IN 34823 2047 35 them -PRON- PRP 34823 2047 36 . . . 34823 2048 1 We -PRON- PRP 34823 2048 2 would would MD 34823 2048 3 expect expect VB 34823 2048 4 , , , 34823 2048 5 therefore therefore RB 34823 2048 6 , , , 34823 2048 7 a a DT 34823 2048 8 very very RB 34823 2048 9 careful careful JJ 34823 2048 10 and and CC 34823 2048 11 full full JJ 34823 2048 12 demonstration demonstration NN 34823 2048 13 of of IN 34823 2048 14 the the DT 34823 2048 15 proposition proposition NN 34823 2048 16 , , , 34823 2048 17 a a DT 34823 2048 18 care care NN 34823 2048 19 and and CC 34823 2048 20 fullness fullness NN 34823 2048 21 commensurate commensurate JJ 34823 2048 22 with with IN 34823 2048 23 its -PRON- PRP$ 34823 2048 24 importance importance NN 34823 2048 25 in in IN 34823 2048 26 the the DT 34823 2048 27 scheme scheme NN 34823 2048 28 . . . 34823 2049 1 But but CC 34823 2049 2 the the DT 34823 2049 3 reader reader NN 34823 2049 4 will will MD 34823 2049 5 search search VB 34823 2049 6 in in RP 34823 2049 7 vain vain NN 34823 2049 8 for for IN 34823 2049 9 any any DT 34823 2049 10 proof proof NN 34823 2049 11 , , , 34823 2049 12 and and CC 34823 2049 13 will will MD 34823 2049 14 find find VB 34823 2049 15 only only RB 34823 2049 16 two two CD 34823 2049 17 propositions proposition NNS 34823 2049 18 which which WDT 34823 2049 19 purport purport VBP 34823 2049 20 to to TO 34823 2049 21 be be VB 34823 2049 22 proof proof NN 34823 2049 23 . . . 34823 2050 1 These these DT 34823 2050 2 are be VBP 34823 2050 3 : : : 34823 2050 4 ( ( -LRB- 34823 2050 5 1 1 LS 34823 2050 6 ) ) -RRB- 34823 2050 7 that that IN 34823 2050 8 bank bank NN 34823 2050 9 reserves reserve NNS 34823 2050 10 are be VBP 34823 2050 11 kept keep VBN 34823 2050 12 in in IN 34823 2050 13 a a DT 34823 2050 14 more more RBR 34823 2050 15 or or CC 34823 2050 16 less less RBR 34823 2050 17 definite definite JJ 34823 2050 18 ratio ratio NN 34823 2050 19 to to IN 34823 2050 20 bank bank NN 34823 2050 21 deposits deposit NNS 34823 2050 22 ; ; , 34823 2050 23 ( ( -LRB- 34823 2050 24 2 2 LS 34823 2050 25 ) ) -RRB- 34823 2050 26 that that IN 34823 2050 27 individuals individual NNS 34823 2050 28 , , , 34823 2050 29 firms firm NNS 34823 2050 30 and and CC 34823 2050 31 corporations corporation NNS 34823 2050 32 preserve preserve VBP 34823 2050 33 more more RBR 34823 2050 34 or or CC 34823 2050 35 less less RBR 34823 2050 36 definite definite JJ 34823 2050 37 ratios ratio NNS 34823 2050 38 between between IN 34823 2050 39 their -PRON- PRP$ 34823 2050 40 cash cash NN 34823 2050 41 transactions transaction NNS 34823 2050 42 and and CC 34823 2050 43 their -PRON- PRP$ 34823 2050 44 check check NN 34823 2050 45 transactions transaction NNS 34823 2050 46 , , , 34823 2050 47 and and CC 34823 2050 48 between between IN 34823 2050 49 their -PRON- PRP$ 34823 2050 50 cash cash NN 34823 2050 51 on on IN 34823 2050 52 hand hand NN 34823 2050 53 and and CC 34823 2050 54 their -PRON- PRP$ 34823 2050 55 deposit deposit NN 34823 2050 56 balances balance NNS 34823 2050 57 . . . 34823 2051 1 [ [ -LRB- 34823 2051 2 157 157 CD 34823 2051 3 ] ] -RRB- 34823 2051 4 If if IN 34823 2051 5 these these DT 34823 2051 6 be be VB 34823 2051 7 granted grant VBN 34823 2051 8 , , , 34823 2051 9 what what WP 34823 2051 10 follows follow VBZ 34823 2051 11 : : : 34823 2051 12 the the DT 34823 2051 13 money money NN 34823 2051 14 in in IN 34823 2051 15 bank-_reserves bank-_reserve NNS 34823 2051 16 _ _ NNP 34823 2051 17 is be VBZ 34823 2051 18 no no DT 34823 2051 19 part part NN 34823 2051 20 of of IN 34823 2051 21 M M NNP 34823 2051 22 ! ! . 34823 2052 1 M M NNP 34823 2052 2 is be VBZ 34823 2052 3 the the DT 34823 2052 4 money money NN 34823 2052 5 in in IN 34823 2052 6 circulation circulation NN 34823 2052 7 , , , 34823 2052 8 being be VBG 34823 2052 9 exchanged exchange VBN 34823 2052 10 against against IN 34823 2052 11 goods good NNS 34823 2052 12 , , , 34823 2052 13 not not RB 34823 2052 14 the the DT 34823 2052 15 money money NN 34823 2052 16 lying lie VBG 34823 2052 17 in in IN 34823 2052 18 bank bank NN 34823 2052 19 - - HYPH 34823 2052 20 vaults vault NNS 34823 2052 21 ! ! . 34823 2053 1 [ [ -LRB- 34823 2053 2 158 158 CD 34823 2053 3 ] ] -RRB- 34823 2053 4 The the DT 34823 2053 5 money money NN 34823 2053 6 in in IN 34823 2053 7 bank bank NN 34823 2053 8 - - HYPH 34823 2053 9 vaults vaults NNP 34823 2053 10 does do VBZ 34823 2053 11 not not RB 34823 2053 12 figure figure VB 34823 2053 13 in in IN 34823 2053 14 the the DT 34823 2053 15 equation equation NN 34823 2053 16 of of IN 34823 2053 17 exchange exchange NN 34823 2053 18 . . . 34823 2054 1 As as IN 34823 2054 2 to to IN 34823 2054 3 the the DT 34823 2054 4 second second JJ 34823 2054 5 part part NN 34823 2054 6 of of IN 34823 2054 7 the the DT 34823 2054 8 argument argument NN 34823 2054 9 , , , 34823 2054 10 if if IN 34823 2054 11 it -PRON- PRP 34823 2054 12 be be VB 34823 2054 13 granted grant VBN 34823 2054 14 , , , 34823 2054 15 it -PRON- PRP 34823 2054 16 proves prove VBZ 34823 2054 17 nothing nothing NN 34823 2054 18 . . . 34823 2055 1 The the DT 34823 2055 2 money money NN 34823 2055 3 in in IN 34823 2055 4 the the DT 34823 2055 5 hands hand NNS 34823 2055 6 of of IN 34823 2055 7 individual individual JJ 34823 2055 8 and and CC 34823 2055 9 corporate corporate JJ 34823 2055 10 depositors depositor NNS 34823 2055 11 is be VBZ 34823 2055 12 by by IN 34823 2055 13 no no DT 34823 2055 14 means means NN 34823 2055 15 all all DT 34823 2055 16 of of IN 34823 2055 17 M. M. NNP 34823 2055 18 It -PRON- PRP 34823 2055 19 is be VBZ 34823 2055 20 not not RB 34823 2055 21 necessarily necessarily RB 34823 2055 22 the the DT 34823 2055 23 greatest great JJS 34823 2055 24 part part NN 34823 2055 25 . . . 34823 2056 1 The the DT 34823 2056 2 money money NN 34823 2056 3 in in IN 34823 2056 4 circulation circulation NN 34823 2056 5 is be VBZ 34823 2056 6 largely largely RB 34823 2056 7 used use VBN 34823 2056 8 in in IN 34823 2056 9 small small JJ 34823 2056 10 retail retail JJ 34823 2056 11 trade trade NN 34823 2056 12 , , , 34823 2056 13 by by IN 34823 2056 14 those those DT 34823 2056 15 who who WP 34823 2056 16 have have VBP 34823 2056 17 no no DT 34823 2056 18 bank bank NN 34823 2056 19 - - HYPH 34823 2056 20 accounts account NNS 34823 2056 21 . . . 34823 2057 1 A a DT 34823 2057 2 good good JJ 34823 2057 3 many many JJ 34823 2057 4 of of IN 34823 2057 5 the the DT 34823 2057 6 smallest small JJS 34823 2057 7 merchants merchant NNS 34823 2057 8 in in IN 34823 2057 9 a a DT 34823 2057 10 city city NN 34823 2057 11 like like IN 34823 2057 12 New New NNP 34823 2057 13 York York NNP 34823 2057 14 have have VBP 34823 2057 15 no no DT 34823 2057 16 bank bank NN 34823 2057 17 - - HYPH 34823 2057 18 accounts account NNS 34823 2057 19 , , , 34823 2057 20 since since IN 34823 2057 21 banks bank NNS 34823 2057 22 require require VBP 34823 2057 23 larger large JJR 34823 2057 24 balances balance NNS 34823 2057 25 there there RB 34823 2057 26 than than IN 34823 2057 27 they -PRON- PRP 34823 2057 28 can can MD 34823 2057 29 maintain maintain VB 34823 2057 30 . . . 34823 2058 1 Enormous enormous JJ 34823 2058 2 quantities quantity NNS 34823 2058 3 of of IN 34823 2058 4 money money NN 34823 2058 5 are be VBP 34823 2058 6 carried carry VBN 34823 2058 7 in in IN 34823 2058 8 this this DT 34823 2058 9 country country NN 34823 2058 10 by by IN 34823 2058 11 laborers laborer NNS 34823 2058 12 , , , 34823 2058 13 particularly particularly RB 34823 2058 14 foreign foreign JJ 34823 2058 15 laborers laborer NNS 34823 2058 16 . . . 34823 2059 1 " " `` 34823 2059 2 The the DT 34823 2059 3 Chief Chief NNP 34823 2059 4 of of IN 34823 2059 5 the the DT 34823 2059 6 Department Department NNP 34823 2059 7 of of IN 34823 2059 8 Mines Mines NNPS 34823 2059 9 of of IN 34823 2059 10 a a DT 34823 2059 11 Western Western NNP 34823 2059 12 State State NNP 34823 2059 13 points point VBZ 34823 2059 14 out out RP 34823 2059 15 that that IN 34823 2059 16 when when WRB 34823 2059 17 an an DT 34823 2059 18 Italian italian JJ 34823 2059 19 , , , 34823 2059 20 Hungarian hungarian JJ 34823 2059 21 , , , 34823 2059 22 Slav Slav NNP 34823 2059 23 or or CC 34823 2059 24 Pole Pole NNP 34823 2059 25 is be VBZ 34823 2059 26 injured injure VBN 34823 2059 27 , , , 34823 2059 28 a a DT 34823 2059 29 large large JJ 34823 2059 30 sum sum NN 34823 2059 31 of of IN 34823 2059 32 money money NN 34823 2059 33 , , , 34823 2059 34 ranging range VBG 34823 2059 35 from from IN 34823 2059 36 fifty fifty CD 34823 2059 37 dollars dollar NNS 34823 2059 38 to to IN 34823 2059 39 five five CD 34823 2059 40 hundred hundred CD 34823 2059 41 or or CC 34823 2059 42 one one CD 34823 2059 43 thousand thousand CD 34823 2059 44 , , , 34823 2059 45 is be VBZ 34823 2059 46 almost almost RB 34823 2059 47 always always RB 34823 2059 48 to to TO 34823 2059 49 be be VB 34823 2059 50 found find VBN 34823 2059 51 on on IN 34823 2059 52 his -PRON- PRP$ 34823 2059 53 person person NN 34823 2059 54 . . . 34823 2060 1 A a DT 34823 2060 2 prominent prominent JJ 34823 2060 3 Italian italian JJ 34823 2060 4 banker banker NN 34823 2060 5 says say VBZ 34823 2060 6 that that IN 34823 2060 7 the the DT 34823 2060 8 average average JJ 34823 2060 9 Italian italian JJ 34823 2060 10 workman workman NN 34823 2060 11 saves save VBZ 34823 2060 12 two two CD 34823 2060 13 hundred hundred CD 34823 2060 14 dollars dollar NNS 34823 2060 15 a a DT 34823 2060 16 year year NN 34823 2060 17 , , , 34823 2060 18 and and CC 34823 2060 19 that that IN 34823 2060 20 there there EX 34823 2060 21 are be VBP 34823 2060 22 enough enough JJ 34823 2060 23 Italian italian JJ 34823 2060 24 workmen workman NNS 34823 2060 25 in in IN 34823 2060 26 this this DT 34823 2060 27 country country NN 34823 2060 28 , , , 34823 2060 29 without without IN 34823 2060 30 considering consider VBG 34823 2060 31 other other JJ 34823 2060 32 nationalities nationality NNS 34823 2060 33 , , , 34823 2060 34 to to TO 34823 2060 35 account account VB 34823 2060 36 for for IN 34823 2060 37 three three CD 34823 2060 38 hundred hundred CD 34823 2060 39 million million CD 34823 2060 40 dollars dollar NNS 34823 2060 41 of of IN 34823 2060 42 hoarded hoard VBN 34823 2060 43 money money NN 34823 2060 44 . . . 34823 2061 1 " " `` 34823 2061 2 [ [ -LRB- 34823 2061 3 159 159 CD 34823 2061 4 ] ] -RRB- 34823 2061 5 I -PRON- PRP 34823 2061 6 do do VBP 34823 2061 7 not not RB 34823 2061 8 wish wish VB 34823 2061 9 to to TO 34823 2061 10 attach attach VB 34823 2061 11 too too RB 34823 2061 12 great great JJ 34823 2061 13 importance importance NN 34823 2061 14 to to IN 34823 2061 15 these these DT 34823 2061 16 figures figure NNS 34823 2061 17 , , , 34823 2061 18 taken take VBN 34823 2061 19 from from IN 34823 2061 20 a a DT 34823 2061 21 popular popular JJ 34823 2061 22 article article NN 34823 2061 23 in in IN 34823 2061 24 a a DT 34823 2061 25 popular popular JJ 34823 2061 26 periodical periodical NN 34823 2061 27 . . . 34823 2062 1 It -PRON- PRP 34823 2062 2 is be VBZ 34823 2062 3 proper proper JJ 34823 2062 4 to to TO 34823 2062 5 point point VB 34823 2062 6 out out RP 34823 2062 7 , , , 34823 2062 8 too too RB 34823 2062 9 , , , 34823 2062 10 that that IN 34823 2062 11 these these DT 34823 2062 12 figures figure NNS 34823 2062 13 relate relate VBP 34823 2062 14 to to IN 34823 2062 15 hoarded hoard VBN 34823 2062 16 money money NN 34823 2062 17 , , , 34823 2062 18 rather rather RB 34823 2062 19 than than IN 34823 2062 20 to to IN 34823 2062 21 M M NNP 34823 2062 22 , , , 34823 2062 23 the the DT 34823 2062 24 money money NN 34823 2062 25 in in IN 34823 2062 26 circulation circulation NN 34823 2062 27 . . . 34823 2063 1 But but CC 34823 2063 2 in in IN 34823 2063 3 part part NN 34823 2063 4 these these DT 34823 2063 5 figures figure NNS 34823 2063 6 represent represent VBP 34823 2063 7 , , , 34823 2063 8 not not RB 34823 2063 9 money money NN 34823 2063 10 absolutely absolutely RB 34823 2063 11 out out IN 34823 2063 12 of of IN 34823 2063 13 circulation circulation NN 34823 2063 14 , , , 34823 2063 15 but but CC 34823 2063 16 rather rather RB 34823 2063 17 , , , 34823 2063 18 money money NN 34823 2063 19 with with IN 34823 2063 20 a a DT 34823 2063 21 sluggish sluggish JJ 34823 2063 22 circulation circulation NN 34823 2063 23 . . . 34823 2064 1 And and CC 34823 2064 2 they -PRON- PRP 34823 2064 3 are be VBP 34823 2064 4 figures figure NNS 34823 2064 5 of of IN 34823 2064 6 the the DT 34823 2064 7 money money NN 34823 2064 8 in in IN 34823 2064 9 the the DT 34823 2064 10 hands hand NNS 34823 2064 11 of of IN 34823 2064 12 poor poor JJ 34823 2064 13 and and CC 34823 2064 14 ignorant ignorant JJ 34823 2064 15 elements element NNS 34823 2064 16 of of IN 34823 2064 17 the the DT 34823 2064 18 population population NN 34823 2064 19 . . . 34823 2065 1 Outside outside IN 34823 2065 2 that that DT 34823 2065 3 portion portion NN 34823 2065 4 of of IN 34823 2065 5 the the DT 34823 2065 6 population population NN 34823 2065 7 -- -- : 34823 2065 8 larger large JJR 34823 2065 9 in in IN 34823 2065 10 this this DT 34823 2065 11 country country NN 34823 2065 12 than than IN 34823 2065 13 in in IN 34823 2065 14 any any DT 34823 2065 15 other other JJ 34823 2065 16 by by IN 34823 2065 17 far[160]--which far[160]--which NNPS 34823 2065 18 keeps keep VBZ 34823 2065 19 checking checking NN 34823 2065 20 accounts account NNS 34823 2065 21 , , , 34823 2065 22 are be VBP 34823 2065 23 a a DT 34823 2065 24 large large JJ 34823 2065 25 body body NN 34823 2065 26 of of IN 34823 2065 27 people people NNS 34823 2065 28 , , , 34823 2065 29 the the DT 34823 2065 30 masses masse NNS 34823 2065 31 of of IN 34823 2065 32 the the DT 34823 2065 33 big big JJ 34823 2065 34 cities city NNS 34823 2065 35 , , , 34823 2065 36 the the DT 34823 2065 37 bulk bulk NN 34823 2065 38 of of IN 34823 2065 39 rural rural JJ 34823 2065 40 laborers laborer NNS 34823 2065 41 , , , 34823 2065 42 especially especially RB 34823 2065 43 negroes negro NNS 34823 2065 44 , , , 34823 2065 45 the the DT 34823 2065 46 majority majority NN 34823 2065 47 of of IN 34823 2065 48 tenant tenant NN 34823 2065 49 farmers farmer NNS 34823 2065 50 , , , 34823 2065 51 a a DT 34823 2065 52 large large JJ 34823 2065 53 proportion proportion NN 34823 2065 54 of of IN 34823 2065 55 small small JJ 34823 2065 56 farm farm NN 34823 2065 57 owners owner NNS 34823 2065 58 , , , 34823 2065 59 especially especially RB 34823 2065 60 nominal nominal JJ 34823 2065 61 owners owner NNS 34823 2065 62 , , , 34823 2065 63 and and CC 34823 2065 64 not not RB 34823 2065 65 a a DT 34823 2065 66 few few JJ 34823 2065 67 small small JJ 34823 2065 68 merchants merchant NNS 34823 2065 69 in in IN 34823 2065 70 the the DT 34823 2065 71 largest large JJS 34823 2065 72 cities city NNS 34823 2065 73 , , , 34823 2065 74 who who WP 34823 2065 75 have have VBP 34823 2065 76 no no DT 34823 2065 77 checking check VBG 34823 2065 78 accounts account NNS 34823 2065 79 at at RB 34823 2065 80 all all RB 34823 2065 81 . . . 34823 2066 1 A a DT 34823 2066 2 very very RB 34823 2066 3 high high JJ 34823 2066 4 percentage percentage NN 34823 2066 5 of of IN 34823 2066 6 their -PRON- PRP$ 34823 2066 7 buying buying NN 34823 2066 8 and and CC 34823 2066 9 selling selling NN 34823 2066 10 is be VBZ 34823 2066 11 by by IN 34823 2066 12 means mean NNS 34823 2066 13 of of IN 34823 2066 14 money money NN 34823 2066 15 . . . 34823 2067 1 Kinley Kinley NNP 34823 2067 2 's 's POS 34823 2067 3 results[161 results[161 NN 34823 2067 4 ] ] -RRB- 34823 2067 5 show show NN 34823 2067 6 that that IN 34823 2067 7 70 70 CD 34823 2067 8 % % NN 34823 2067 9 of of IN 34823 2067 10 the the DT 34823 2067 11 wages wage NNS 34823 2067 12 in in IN 34823 2067 13 the the DT 34823 2067 14 United United NNP 34823 2067 15 States States NNP 34823 2067 16 are be VBP 34823 2067 17 paid pay VBN 34823 2067 18 in in IN 34823 2067 19 cash cash NN 34823 2067 20 , , , 34823 2067 21 and and CC 34823 2067 22 , , , 34823 2067 23 of of IN 34823 2067 24 course course NN 34823 2067 25 , , , 34823 2067 26 the the DT 34823 2067 27 laborers laborer NNS 34823 2067 28 who who WP 34823 2067 29 receive receive VBP 34823 2067 30 cash cash NN 34823 2067 31 pay pay NN 34823 2067 32 cash cash NN 34823 2067 33 for for IN 34823 2067 34 what what WP 34823 2067 35 they -PRON- PRP 34823 2067 36 buy buy VBP 34823 2067 37 . . . 34823 2068 1 ( ( -LRB- 34823 2068 2 Not not RB 34823 2068 3 necessarily necessarily RB 34823 2068 4 at at IN 34823 2068 5 the the DT 34823 2068 6 _ _ NNP 34823 2068 7 time time NN 34823 2068 8 _ _ NNP 34823 2068 9 they -PRON- PRP 34823 2068 10 buy buy VBP 34823 2068 11 ! ! . 34823 2068 12 ) ) -RRB- 34823 2069 1 Money money NN 34823 2069 2 for for IN 34823 2069 3 payrolls payroll NNS 34823 2069 4 is be VBZ 34823 2069 5 one one CD 34823 2069 6 of of IN 34823 2069 7 the the DT 34823 2069 8 serious serious JJ 34823 2069 9 problems problem NNS 34823 2069 10 in in IN 34823 2069 11 times time NNS 34823 2069 12 of of IN 34823 2069 13 financial financial JJ 34823 2069 14 panics panic NNS 34823 2069 15 . . . 34823 2070 1 [ [ -LRB- 34823 2070 2 162 162 CD 34823 2070 3 ] ] -RRB- 34823 2070 4 To to TO 34823 2070 5 fix fix VB 34823 2070 6 the the DT 34823 2070 7 proportion proportion NN 34823 2070 8 between between IN 34823 2070 9 money money NN 34823 2070 10 in in IN 34823 2070 11 the the DT 34823 2070 12 hands hand NNS 34823 2070 13 of of IN 34823 2070 14 bank bank NN 34823 2070 15 depositors depositor NNS 34823 2070 16 and and CC 34823 2070 17 non non NNS 34823 2070 18 - - NNS 34823 2070 19 depositors depositor NNS 34823 2070 20 is be VBZ 34823 2070 21 not not RB 34823 2070 22 necessary necessary JJ 34823 2070 23 for for IN 34823 2070 24 my -PRON- PRP$ 34823 2070 25 purposes--_a purposes--_a NN 34823 2070 26 priori priori NNP 34823 2070 27 _ _ NNP 34823 2070 28 I -PRON- PRP 34823 2070 29 should should MD 34823 2070 30 anticipate anticipate VB 34823 2070 31 that that IN 34823 2070 32 there there EX 34823 2070 33 is be VBZ 34823 2070 34 no no DT 34823 2070 35 fixed fixed JJ 34823 2070 36 proportion proportion NN 34823 2070 37 . . . 34823 2071 1 But but CC 34823 2071 2 it -PRON- PRP 34823 2071 3 is be VBZ 34823 2071 4 enough enough JJ 34823 2071 5 to to TO 34823 2071 6 point point VB 34823 2071 7 out out RP 34823 2071 8 that that DT 34823 2071 9 money money NN 34823 2071 10 in in IN 34823 2071 11 the the DT 34823 2071 12 hands hand NNS 34823 2071 13 of of IN 34823 2071 14 depositors depositor NNS 34823 2071 15 is be VBZ 34823 2071 16 not not RB 34823 2071 17 the the DT 34823 2071 18 whole whole NN 34823 2071 19 of of IN 34823 2071 20 Fisher Fisher NNP 34823 2071 21 's 's POS 34823 2071 22 M. M. NNP 34823 2071 23 Of of IN 34823 2071 24 what what WP 34823 2071 25 relevance relevance NN 34823 2071 26 is be VBZ 34823 2071 27 it -PRON- PRP 34823 2071 28 , , , 34823 2071 29 then then RB 34823 2071 30 , , , 34823 2071 31 to to TO 34823 2071 32 point point VB 34823 2071 33 out out RP 34823 2071 34 , , , 34823 2071 35 even even RB 34823 2071 36 if if IN 34823 2071 37 it -PRON- PRP 34823 2071 38 were be VBD 34823 2071 39 true true JJ 34823 2071 40 , , , 34823 2071 41 that that IN 34823 2071 42 an an DT 34823 2071 43 unascertainable unascertainable JJ 34823 2071 44 portion portion NN 34823 2071 45 of of IN 34823 2071 46 M M NNP 34823 2071 47 tends tend VBZ 34823 2071 48 to to TO 34823 2071 49 keep keep VB 34823 2071 50 a a DT 34823 2071 51 definite definite JJ 34823 2071 52 ratio ratio NN 34823 2071 53 to to IN 34823 2071 54 M M NNP 34823 2071 55 ´ ´ NNP 34823 2071 56 , , , 34823 2071 57 when when WRB 34823 2071 58 the the DT 34823 2071 59 thing thing NN 34823 2071 60 to to TO 34823 2071 61 be be VB 34823 2071 62 proved prove VBN 34823 2071 63 is be VBZ 34823 2071 64 that that IN 34823 2071 65 the the DT 34823 2071 66 _ _ NNP 34823 2071 67 whole whole JJ 34823 2071 68 _ _ NNP 34823 2071 69 of of IN 34823 2071 70 M M NNP 34823 2071 71 tends tend VBZ 34823 2071 72 to to TO 34823 2071 73 keep keep VB 34823 2071 74 a a DT 34823 2071 75 definite definite JJ 34823 2071 76 ratio ratio NN 34823 2071 77 to to IN 34823 2071 78 M m NN 34823 2071 79 ´ ´ CD 34823 2071 80 ? ? . 34823 2072 1 Fisher Fisher NNP 34823 2072 2 's 's POS 34823 2072 3 argument argument NN 34823 2072 4 is be VBZ 34823 2072 5 a a DT 34823 2072 6 clear clear JJ 34823 2072 7 _ _ NNP 34823 2072 8 non non JJ 34823 2072 9 - - JJ 34823 2072 10 sequitur sequitur JJ 34823 2072 11 _ _ NNP 34823 2072 12 . . . 34823 2073 1 If if IN 34823 2073 2 it -PRON- PRP 34823 2073 3 proves prove VBZ 34823 2073 4 anything anything NN 34823 2073 5 , , , 34823 2073 6 it -PRON- PRP 34823 2073 7 proves prove VBZ 34823 2073 8 that that IN 34823 2073 9 a a DT 34823 2073 10 sum sum NN 34823 2073 11 of of IN 34823 2073 12 money,[163 money,[163 NN 34823 2073 13 ] ] -RRB- 34823 2073 14 not not RB 34823 2073 15 part part NN 34823 2073 16 of of IN 34823 2073 17 M M NNP 34823 2073 18 , , , 34823 2073 19 and and CC 34823 2073 20 another another DT 34823 2073 21 sum sum NN 34823 2073 22 of of IN 34823 2073 23 money money NN 34823 2073 24 , , , 34823 2073 25 an an DT 34823 2073 26 unknown unknown JJ 34823 2073 27 fraction fraction NN 34823 2073 28 of of IN 34823 2073 29 M M NNP 34823 2073 30 , , , 34823 2073 31 each each DT 34823 2073 32 independently independently RB 34823 2073 33 , , , 34823 2073 34 for for IN 34823 2073 35 reasons reason NNS 34823 2073 36 peculiar peculiar JJ 34823 2073 37 to to IN 34823 2073 38 each each DT 34823 2073 39 sum sum NN 34823 2073 40 , , , 34823 2073 41 tends tend VBZ 34823 2073 42 to to TO 34823 2073 43 keep keep VB 34823 2073 44 a a DT 34823 2073 45 constant constant JJ 34823 2073 46 ratio ratio NN 34823 2073 47 to to IN 34823 2073 48 M M NNP 34823 2073 49 ´ ´ CD 34823 2073 50 . . . 34823 2074 1 This this DT 34823 2074 2 gives give VBZ 34823 2074 3 us -PRON- PRP 34823 2074 4 _ _ NNP 34823 2074 5 l'embarras l'embarras FW 34823 2074 6 des des NNP 34823 2074 7 richesses richesse VBZ 34823 2074 8 _ _ NNP 34823 2074 9 from from IN 34823 2074 10 the the DT 34823 2074 11 standpoint standpoint NN 34823 2074 12 of of IN 34823 2074 13 a a DT 34823 2074 14 theory theory NN 34823 2074 15 of of IN 34823 2074 16 causation causation NN 34823 2074 17 ! ! . 34823 2075 1 Two two CD 34823 2075 2 independent independent JJ 34823 2075 3 factors factor NNS 34823 2075 4 , , , 34823 2075 5 bank bank NN 34823 2075 6 - - HYPH 34823 2075 7 reserves reserve NNS 34823 2075 8 and and CC 34823 2075 9 money money NN 34823 2075 10 in in IN 34823 2075 11 the the DT 34823 2075 12 hands hand NNS 34823 2075 13 of of IN 34823 2075 14 depositors depositor NNS 34823 2075 15 , , , 34823 2075 16 each each DT 34823 2075 17 tending tend VBG 34823 2075 18 to to TO 34823 2075 19 hold hold VB 34823 2075 20 bank bank NN 34823 2075 21 - - HYPH 34823 2075 22 deposits deposit NNS 34823 2075 23 in in IN 34823 2075 24 a a DT 34823 2075 25 fixed fix VBN 34823 2075 26 ratio ratio NN 34823 2075 27 , , , 34823 2075 28 and and CC 34823 2075 29 yet yet RB 34823 2075 30 each each DT 34823 2075 31 moved move VBN 34823 2075 32 by by IN 34823 2075 33 independent independent JJ 34823 2075 34 causes cause NNS 34823 2075 35 ! ! . 34823 2076 1 By by IN 34823 2076 2 what what WP 34823 2076 3 happy happy JJ 34823 2076 4 coincidence coincidence NN 34823 2076 5 will will MD 34823 2076 6 these these DT 34823 2076 7 two two CD 34823 2076 8 tendencies tendency NNS 34823 2076 9 work work VB 34823 2076 10 together together RB 34823 2076 11 ? ? . 34823 2077 1 Or or CC 34823 2077 2 what what WP 34823 2077 3 is be VBZ 34823 2077 4 the the DT 34823 2077 5 causal causal JJ 34823 2077 6 relation relation NN 34823 2077 7 between between IN 34823 2077 8 them -PRON- PRP 34823 2077 9 ? ? . 34823 2078 1 And and CC 34823 2078 2 if if IN 34823 2078 3 , , , 34823 2078 4 for for IN 34823 2078 5 some some DT 34823 2078 6 yet yet RB 34823 2078 7 to to TO 34823 2078 8 be be VB 34823 2078 9 discovered discover VBN 34823 2078 10 reason reason NN 34823 2078 11 , , , 34823 2078 12 Professor Professor NNP 34823 2078 13 Fisher Fisher NNP 34823 2078 14 should should MD 34823 2078 15 prove prove VB 34823 2078 16 to to TO 34823 2078 17 be be VB 34823 2078 18 right right JJ 34823 2078 19 , , , 34823 2078 20 and and CC 34823 2078 21 there there EX 34823 2078 22 should should MD 34823 2078 23 be be VB 34823 2078 24 a a DT 34823 2078 25 fixed fix VBN 34823 2078 26 ratio ratio NN 34823 2078 27 between between IN 34823 2078 28 M M NNP 34823 2078 29 as as IN 34823 2078 30 a a DT 34823 2078 31 whole whole JJ 34823 2078 32 and and CC 34823 2078 33 bank bank NN 34823 2078 34 - - HYPH 34823 2078 35 deposits deposit NNS 34823 2078 36 , , , 34823 2078 37 would would MD 34823 2078 38 it -PRON- PRP 34823 2078 39 not not RB 34823 2078 40 indeed indeed RB 34823 2078 41 be be VB 34823 2078 42 a a DT 34823 2078 43 miracle miracle NN 34823 2078 44 if if IN 34823 2078 45 all all DT 34823 2078 46 three three CD 34823 2078 47 " " `` 34823 2078 48 fixed fix VBN 34823 2078 49 ratios ratio NNS 34823 2078 50 " " '' 34823 2078 51 kept keep VBN 34823 2078 52 together together RB 34823 2078 53 ? ? . 34823 2079 1 Bank bank NN 34823 2079 2 - - HYPH 34823 2079 3 deposits deposit NNS 34823 2079 4 , , , 34823 2079 5 indissolubly indissolubly RB 34823 2079 6 wedded wed VBN 34823 2079 7 to to IN 34823 2079 8 three three CD 34823 2079 9 independent independent JJ 34823 2079 10 variables[164 variables[164 NN 34823 2079 11 ] ] -RRB- 34823 2079 12 ( ( -LRB- 34823 2079 13 independent independent JJ 34823 2079 14 , , , 34823 2079 15 at at IN 34823 2079 16 least least JJS 34823 2079 17 , , , 34823 2079 18 so so RB 34823 2079 19 far far RB 34823 2079 20 as as IN 34823 2079 21 anything anything NN 34823 2079 22 Professor Professor NNP 34823 2079 23 Fisher Fisher NNP 34823 2079 24 has have VBZ 34823 2079 25 said say VBN 34823 2079 26 would would MD 34823 2079 27 show show VB 34823 2079 28 , , , 34823 2079 29 and and CC 34823 2079 30 independent independent JJ 34823 2079 31 in in IN 34823 2079 32 large large JJ 34823 2079 33 degree degree NN 34823 2079 34 , , , 34823 2079 35 certainly certainly RB 34823 2079 36 , , , 34823 2079 37 so so RB 34823 2079 38 far far RB 34823 2079 39 as as IN 34823 2079 40 any any DT 34823 2079 41 reason reason NN 34823 2079 42 the the DT 34823 2079 43 present present JJ 34823 2079 44 writer writer NN 34823 2079 45 can can MD 34823 2079 46 discover discover VB 34823 2079 47 ) ) -RRB- 34823 2079 48 , , , 34823 2079 49 must must MD 34823 2079 50 find find VB 34823 2079 51 their -PRON- PRP$ 34823 2079 52 treble treble JJ 34823 2079 53 life life NN 34823 2079 54 extremely extremely RB 34823 2079 55 perplexing perplexing JJ 34823 2079 56 . . . 34823 2080 1 May May MD 34823 2080 2 it -PRON- PRP 34823 2080 3 not not RB 34823 2080 4 be be VB 34823 2080 5 that that IN 34823 2080 6 Professor Professor NNP 34823 2080 7 Fisher Fisher NNP 34823 2080 8 has have VBZ 34823 2080 9 pointed point VBN 34823 2080 10 the the DT 34823 2080 11 way way NN 34823 2080 12 to to IN 34823 2080 13 the the DT 34823 2080 14 real real JJ 34823 2080 15 fact fact NN 34823 2080 16 , , , 34823 2080 17 namely namely RB 34823 2080 18 , , , 34823 2080 19 that that DT 34823 2080 20 bank bank NN 34823 2080 21 - - HYPH 34823 2080 22 deposits deposit NNS 34823 2080 23 are be VBP 34823 2080 24 subjected subject VBN 34823 2080 25 to to IN 34823 2080 26 a a DT 34823 2080 27 multitude multitude NN 34823 2080 28 of of IN 34823 2080 29 influences influence NNS 34823 2080 30 , , , 34823 2080 31 no no DT 34823 2080 32 one one CD 34823 2080 33 of of IN 34823 2080 34 which which WDT 34823 2080 35 is be VBZ 34823 2080 36 dominant dominant JJ 34823 2080 37 , , , 34823 2080 38 which which WDT 34823 2080 39 prevent prevent VBP 34823 2080 40 any any DT 34823 2080 41 fixed fixed JJ 34823 2080 42 ratio ratio NN 34823 2080 43 between between IN 34823 2080 44 bank bank NN 34823 2080 45 - - HYPH 34823 2080 46 deposits deposit NNS 34823 2080 47 and and CC 34823 2080 48 any any DT 34823 2080 49 other other JJ 34823 2080 50 one one CD 34823 2080 51 thing thing NN 34823 2080 52 ? ? . 34823 2081 1 At at IN 34823 2081 2 a a DT 34823 2081 3 later later JJ 34823 2081 4 point point NN 34823 2081 5 , , , 34823 2081 6 I -PRON- PRP 34823 2081 7 shall shall MD 34823 2081 8 maintain maintain VB 34823 2081 9 that that IN 34823 2081 10 this this DT 34823 2081 11 is be VBZ 34823 2081 12 , , , 34823 2081 13 indeed indeed RB 34823 2081 14 , , , 34823 2081 15 the the DT 34823 2081 16 case case NN 34823 2081 17 . . . 34823 2082 1 Be be VB 34823 2082 2 it -PRON- PRP 34823 2082 3 noted note VBN 34823 2082 4 further far RBR 34823 2082 5 , , , 34823 2082 6 however however RB 34823 2082 7 , , , 34823 2082 8 that that IN 34823 2082 9 even even RB 34823 2082 10 if if IN 34823 2082 11 we -PRON- PRP 34823 2082 12 grant grant VBP 34823 2082 13 a a DT 34823 2082 14 fixed fix VBN 34823 2082 15 ratio ratio NN 34823 2082 16 , , , 34823 2082 17 on on IN 34823 2082 18 the the DT 34823 2082 19 basis basis NN 34823 2082 20 of of IN 34823 2082 21 Fisher Fisher NNP 34823 2082 22 's 's POS 34823 2082 23 argument argument NN 34823 2082 24 , , , 34823 2082 25 between between IN 34823 2082 26 M M NNP 34823 2082 27 and and CC 34823 2082 28 M M NNP 34823 2082 29 ´ ´ NNP 34823 2082 30 , , , 34823 2082 31 Fisher Fisher NNP 34823 2082 32 has have VBZ 34823 2082 33 offered offer VBN 34823 2082 34 no no DT 34823 2082 35 jot jot NN 34823 2082 36 of of IN 34823 2082 37 proof proof NN 34823 2082 38 that that IN 34823 2082 39 the the DT 34823 2082 40 causation causation NN 34823 2082 41 runs run VBZ 34823 2082 42 from from IN 34823 2082 43 M M NNP 34823 2082 44 to to IN 34823 2082 45 M M NNP 34823 2082 46 ´ ´ CD 34823 2082 47 . . . 34823 2083 1 He -PRON- PRP 34823 2083 2 simply simply RB 34823 2083 3 assumes assume VBZ 34823 2083 4 that that DT 34823 2083 5 point point NN 34823 2083 6 outright outright RB 34823 2083 7 . . . 34823 2084 1 " " `` 34823 2084 2 Any any DT 34823 2084 3 change change NN 34823 2084 4 in in IN 34823 2084 5 M M NNP 34823 2084 6 , , , 34823 2084 7 the the DT 34823 2084 8 quantity quantity NN 34823 2084 9 of of IN 34823 2084 10 money money NN 34823 2084 11 in in IN 34823 2084 12 circulation circulation NN 34823 2084 13 , , , 34823 2084 14 _ _ NNP 34823 2084 15 requiring require VBG 34823 2084 16 as as IN 34823 2084 17 it -PRON- PRP 34823 2084 18 normally normally RB 34823 2084 19 does do VBZ 34823 2084 20 a a DT 34823 2084 21 proportional proportional JJ 34823 2084 22 change change NN 34823 2084 23 in in IN 34823 2084 24 M M NNP 34823 2084 25 ´ ´ NNP 34823 2084 26 _ _ NNP 34823 2084 27 , , , 34823 2084 28 the the DT 34823 2084 29 volume volume NN 34823 2084 30 of of IN 34823 2084 31 deposits deposit NNS 34823 2084 32 subject subject JJ 34823 2084 33 to to IN 34823 2084 34 check check NN 34823 2084 35 . . . 34823 2084 36 " " '' 34823 2085 1 ( ( -LRB- 34823 2085 2 _ _ NNP 34823 2085 3 Ibid Ibid NNP 34823 2085 4 . . . 34823 2085 5 _ _ NNP 34823 2085 6 , , , 34823 2085 7 p. p. NN 34823 2085 8 52 52 CD 34823 2085 9 , , , 34823 2085 10 Italics Italics NNP 34823 2085 11 mine mine NN 34823 2085 12 . . . 34823 2085 13 ) ) -RRB- 34823 2086 1 For for IN 34823 2086 2 this this DT 34823 2086 3 , , , 34823 2086 4 no no DT 34823 2086 5 argument argument NN 34823 2086 6 at at RB 34823 2086 7 all all RB 34823 2086 8 is be VBZ 34823 2086 9 offered offer VBN 34823 2086 10 . . . 34823 2087 1 A a DT 34823 2087 2 fixed fix VBN 34823 2087 3 ratio ratio NN 34823 2087 4 , , , 34823 2087 5 so so RB 34823 2087 6 far far RB 34823 2087 7 as as IN 34823 2087 8 causation causation NN 34823 2087 9 is be VBZ 34823 2087 10 concerned concern VBN 34823 2087 11 , , , 34823 2087 12 might may MD 34823 2087 13 mean mean VB 34823 2087 14 any any DT 34823 2087 15 one one CD 34823 2087 16 of of IN 34823 2087 17 three three CD 34823 2087 18 things thing NNS 34823 2087 19 : : : 34823 2087 20 ( ( -LRB- 34823 2087 21 a a LS 34823 2087 22 ) ) -RRB- 34823 2087 23 that that IN 34823 2087 24 M M NNP 34823 2087 25 controls control VBZ 34823 2087 26 M M NNP 34823 2087 27 ´ ´ CD 34823 2087 28 ; ; : 34823 2087 29 ( ( -LRB- 34823 2087 30 b b LS 34823 2087 31 ) ) -RRB- 34823 2087 32 that that IN 34823 2087 33 M M NNP 34823 2087 34 ´ ´ CD 34823 2087 35 controls control NNS 34823 2087 36 M m NN 34823 2087 37 ; ; : 34823 2087 38 ( ( -LRB- 34823 2087 39 c c NN 34823 2087 40 ) ) -RRB- 34823 2087 41 that that IN 34823 2087 42 a a DT 34823 2087 43 common common JJ 34823 2087 44 cause cause NN 34823 2087 45 controls control NNS 34823 2087 46 both both DT 34823 2087 47 . . . 34823 2088 1 Fisher fisher NN 34823 2088 2 does do VBZ 34823 2088 3 not not RB 34823 2088 4 at at RB 34823 2088 5 all all RB 34823 2088 6 consider consider VB 34823 2088 7 these these DT 34823 2088 8 alternative alternative JJ 34823 2088 9 possibilities possibility NNS 34823 2088 10 . . . 34823 2089 1 I -PRON- PRP 34823 2089 2 shall shall MD 34823 2089 3 myself -PRON- PRP 34823 2089 4 avoid avoid VB 34823 2089 5 a a DT 34823 2089 6 sweeping sweeping JJ 34823 2089 7 statement statement NN 34823 2089 8 as as IN 34823 2089 9 to to IN 34823 2089 10 the the DT 34823 2089 11 causal causal JJ 34823 2089 12 relations relation NNS 34823 2089 13 among among IN 34823 2089 14 the the DT 34823 2089 15 factors factor NNS 34823 2089 16 in in IN 34823 2089 17 the the DT 34823 2089 18 equation equation NN 34823 2089 19 , , , 34823 2089 20 because because IN 34823 2089 21 I -PRON- PRP 34823 2089 22 do do VBP 34823 2089 23 not not RB 34823 2089 24 think think VB 34823 2089 25 that that IN 34823 2089 26 any any DT 34823 2089 27 of of IN 34823 2089 28 the the DT 34823 2089 29 factors factor NNS 34823 2089 30 is be VBZ 34823 2089 31 homogenous homogenous JJ 34823 2089 32 enough enough RB 34823 2089 33 , , , 34823 2089 34 as as IN 34823 2089 35 an an DT 34823 2089 36 aggregate aggregate NN 34823 2089 37 , , , 34823 2089 38 to to TO 34823 2089 39 be be VB 34823 2089 40 either either CC 34823 2089 41 cause cause NN 34823 2089 42 or or CC 34823 2089 43 effect effect NN 34823 2089 44 of of IN 34823 2089 45 anything anything NN 34823 2089 46 . . . 34823 2090 1 But but CC 34823 2090 2 if if IN 34823 2090 3 a a DT 34823 2090 4 generalization generalization NN 34823 2090 5 concerning concern VBG 34823 2090 6 these these DT 34823 2090 7 magnitudes magnitude NNS 34823 2090 8 were be VBD 34823 2090 9 required require VBN 34823 2090 10 , , , 34823 2090 11 I -PRON- PRP 34823 2090 12 should should MD 34823 2090 13 be be VB 34823 2090 14 disposed dispose VBN 34823 2090 15 to to TO 34823 2090 16 assert assert VB 34823 2090 17 that that IN 34823 2090 18 the the DT 34823 2090 19 third third JJ 34823 2090 20 alternative alternative NN 34823 2090 21 is be VBZ 34823 2090 22 the the DT 34823 2090 23 most most RBS 34823 2090 24 defensible defensible JJ 34823 2090 25 , , , 34823 2090 26 and and CC 34823 2090 27 that that IN 34823 2090 28 to to IN 34823 2090 29 the the DT 34823 2090 30 extent extent NN 34823 2090 31 that that WDT 34823 2090 32 M M NNP 34823 2090 33 and and CC 34823 2090 34 M M NNP 34823 2090 35 ´ ´ NNP 34823 2090 36 vary vary VBP 34823 2090 37 together together RB 34823 2090 38 it -PRON- PRP 34823 2090 39 is be VBZ 34823 2090 40 under under IN 34823 2090 41 the the DT 34823 2090 42 influence influence NN 34823 2090 43 of of IN 34823 2090 44 a a DT 34823 2090 45 common common JJ 34823 2090 46 cause cause NN 34823 2090 47 , , , 34823 2090 48 namely namely RB 34823 2090 49 , , , 34823 2090 50 PT PT NNP 34823 2090 51 ! ! . 34823 2091 1 That that DT 34823 2091 2 is be VBZ 34823 2091 3 to to TO 34823 2091 4 say say VB 34823 2091 5 , , , 34823 2091 6 that that IN 34823 2091 7 the the DT 34823 2091 8 volume volume NN 34823 2091 9 of of IN 34823 2091 10 bank bank NN 34823 2091 11 - - HYPH 34823 2091 12 deposits deposit NNS 34823 2091 13 and and CC 34823 2091 14 the the DT 34823 2091 15 volume volume NN 34823 2091 16 of of IN 34823 2091 17 money money NN 34823 2091 18 tend tend VBP 34823 2091 19 to to TO 34823 2091 20 increase increase VB 34823 2091 21 or or CC 34823 2091 22 decrease decrease VB 34823 2091 23 in in IN 34823 2091 24 a a DT 34823 2091 25 given give VBN 34823 2091 26 market market NN 34823 2091 27 -- -- : 34823 2091 28 and and CC 34823 2091 29 Fisher Fisher NNP 34823 2091 30 's 's POS 34823 2091 31 theory theory NN 34823 2091 32 is be VBZ 34823 2091 33 a a DT 34823 2091 34 theory theory NN 34823 2091 35 of of IN 34823 2091 36 the the DT 34823 2091 37 market market NN 34823 2091 38 even even RB 34823 2091 39 of of IN 34823 2091 40 a a DT 34823 2091 41 single single JJ 34823 2091 42 city[165]--_because city[165]--_because NN 34823 2091 43 of of IN 34823 2091 44 _ _ NNP 34823 2091 45 increases increase VBZ 34823 2091 46 or or CC 34823 2091 47 decreases decrease NNS 34823 2091 48 in in IN 34823 2091 49 PT PT NNP 34823 2091 50 ( ( -LRB- 34823 2091 51 considered consider VBN 34823 2091 52 as as IN 34823 2091 53 a a DT 34823 2091 54 unitary unitary JJ 34823 2091 55 cause cause NN 34823 2091 56 rather rather RB 34823 2091 57 than than IN 34823 2091 58 as as IN 34823 2091 59 two two CD 34823 2091 60 separate separate JJ 34823 2091 61 factors factor NNS 34823 2091 62 ) ) -RRB- 34823 2091 63 in in IN 34823 2091 64 that that DT 34823 2091 65 market market NN 34823 2091 66 . . . 34823 2092 1 But but CC 34823 2092 2 I -PRON- PRP 34823 2092 3 shall shall MD 34823 2092 4 not not RB 34823 2092 5 put put VB 34823 2092 6 my -PRON- PRP$ 34823 2092 7 proposition proposition NN 34823 2092 8 in in IN 34823 2092 9 quite quite PDT 34823 2092 10 that that DT 34823 2092 11 form form NN 34823 2092 12 , , , 34823 2092 13 as as IN 34823 2092 14 I -PRON- PRP 34823 2092 15 find find VBP 34823 2092 16 the the DT 34823 2092 17 factors factor NNS 34823 2092 18 in in IN 34823 2092 19 the the DT 34823 2092 20 equation equation NN 34823 2092 21 of of IN 34823 2092 22 exchange exchange NN 34823 2092 23 too too RB 34823 2092 24 indefinite indefinite JJ 34823 2092 25 for for IN 34823 2092 26 satisfactory satisfactory JJ 34823 2092 27 causal causal JJ 34823 2092 28 theory theory NN 34823 2092 29 . . . 34823 2093 1 So so RB 34823 2093 2 much much JJ 34823 2093 3 for for IN 34823 2093 4 the the DT 34823 2093 5 validity validity NN 34823 2093 6 of of IN 34823 2093 7 Fisher Fisher NNP 34823 2093 8 's 's POS 34823 2093 9 argument argument NN 34823 2093 10 , , , 34823 2093 11 assuming assume VBG 34823 2093 12 the the DT 34823 2093 13 facts fact NNS 34823 2093 14 to to TO 34823 2093 15 be be VB 34823 2093 16 as as IN 34823 2093 17 he -PRON- PRP 34823 2093 18 states state VBZ 34823 2093 19 them -PRON- PRP 34823 2093 20 . . . 34823 2094 1 Are be VBP 34823 2094 2 the the DT 34823 2094 3 statements statement NNS 34823 2094 4 correct correct JJ 34823 2094 5 ? ? . 34823 2095 1 Do do VBP 34823 2095 2 banks bank NNS 34823 2095 3 tend tend VB 34823 2095 4 to to TO 34823 2095 5 keep keep VB 34823 2095 6 fixed fixed JJ 34823 2095 7 ratios ratio NNS 34823 2095 8 between between IN 34823 2095 9 deposits deposit NNS 34823 2095 10 and and CC 34823 2095 11 reserves reserve NNS 34823 2095 12 ? ? . 34823 2096 1 Do do VBP 34823 2096 2 individuals individual NNS 34823 2096 3 , , , 34823 2096 4 firms firm NNS 34823 2096 5 , , , 34823 2096 6 and and CC 34823 2096 7 corporations corporation NNS 34823 2096 8 tend tend VBP 34823 2096 9 to to TO 34823 2096 10 keep keep VB 34823 2096 11 fixed fix VBN 34823 2096 12 ratios ratio NNS 34823 2096 13 between between IN 34823 2096 14 their -PRON- PRP$ 34823 2096 15 cash cash NN 34823 2096 16 on on IN 34823 2096 17 hand hand NN 34823 2096 18 and and CC 34823 2096 19 their -PRON- PRP$ 34823 2096 20 balances balance NNS 34823 2096 21 in in IN 34823 2096 22 bank bank NN 34823 2096 23 ? ? . 34823 2097 1 Regarding regard VBG 34823 2097 2 this this DT 34823 2097 3 last last JJ 34823 2097 4 tendency tendency NN 34823 2097 5 , , , 34823 2097 6 Professor Professor NNP 34823 2097 7 Fisher Fisher NNP 34823 2097 8 says say VBZ 34823 2097 9 in in IN 34823 2097 10 a a DT 34823 2097 11 footnote footnote NN 34823 2097 12 on on IN 34823 2097 13 p. p. NN 34823 2097 14 50 50 CD 34823 2097 15 , , , 34823 2097 16 " " `` 34823 2097 17 This this DT 34823 2097 18 fact fact NN 34823 2097 19 is be VBZ 34823 2097 20 apparently apparently RB 34823 2097 21 overlooked overlook VBN 34823 2097 22 by by IN 34823 2097 23 Laughlin Laughlin NNP 34823 2097 24 . . . 34823 2097 25 " " '' 34823 2098 1 I -PRON- PRP 34823 2098 2 think think VBP 34823 2098 3 it -PRON- PRP 34823 2098 4 has have VBZ 34823 2098 5 been be VBN 34823 2098 6 generally generally RB 34823 2098 7 overlooked overlook VBN 34823 2098 8 . . . 34823 2099 1 I -PRON- PRP 34823 2099 2 have have VBP 34823 2099 3 found find VBN 34823 2099 4 no no DT 34823 2099 5 one one NN 34823 2099 6 who who WP 34823 2099 7 has have VBZ 34823 2099 8 discovered discover VBN 34823 2099 9 it -PRON- PRP 34823 2099 10 except except IN 34823 2099 11 Professor Professor NNP 34823 2099 12 Fisher Fisher NNP 34823 2099 13 . . . 34823 2100 1 Certainly certainly RB 34823 2100 2 no no DT 34823 2100 3 depositor depositor NN 34823 2100 4 whom whom WP 34823 2100 5 I -PRON- PRP 34823 2100 6 have have VBP 34823 2100 7 consulted consult VBN 34823 2100 8 can can MD 34823 2100 9 find find VB 34823 2100 10 it -PRON- PRP 34823 2100 11 in in IN 34823 2100 12 his -PRON- PRP$ 34823 2100 13 own own JJ 34823 2100 14 practice practice NN 34823 2100 15 -- -- : 34823 2100 16 and and CC 34823 2100 17 I -PRON- PRP 34823 2100 18 have have VBP 34823 2100 19 put put VBN 34823 2100 20 the the DT 34823 2100 21 question question NN 34823 2100 22 to to IN 34823 2100 23 " " `` 34823 2100 24 individuals individual NNS 34823 2100 25 , , , 34823 2100 26 firms firm NNS 34823 2100 27 , , , 34823 2100 28 and and CC 34823 2100 29 corporations corporation NNS 34823 2100 30 . . . 34823 2100 31 " " '' 34823 2101 1 The the DT 34823 2101 2 further further JJ 34823 2101 3 statement statement NN 34823 2101 4 which which WDT 34823 2101 5 Professor Professor NNP 34823 2101 6 Fisher Fisher NNP 34823 2101 7 adduces adduce VBZ 34823 2101 8 in in IN 34823 2101 9 its -PRON- PRP$ 34823 2101 10 support support NN 34823 2101 11 does do VBZ 34823 2101 12 not not RB 34823 2101 13 prove prove VB 34823 2101 14 it -PRON- PRP 34823 2101 15 , , , 34823 2101 16 namely namely RB 34823 2101 17 , , , 34823 2101 18 that that DT 34823 2101 19 cash cash NN 34823 2101 20 is be VBZ 34823 2101 21 used use VBN 34823 2101 22 for for IN 34823 2101 23 small small JJ 34823 2101 24 payments payment NNS 34823 2101 25 , , , 34823 2101 26 and and CC 34823 2101 27 checks check NNS 34823 2101 28 for for IN 34823 2101 29 large large JJ 34823 2101 30 payments payment NNS 34823 2101 31 . . . 34823 2102 1 [ [ -LRB- 34823 2102 2 166 166 CD 34823 2102 3 ] ] -RRB- 34823 2102 4 It -PRON- PRP 34823 2102 5 would would MD 34823 2102 6 be be VB 34823 2102 7 necessary necessary JJ 34823 2102 8 to to TO 34823 2102 9 go go VB 34823 2102 10 further further RB 34823 2102 11 and and CC 34823 2102 12 prove prove VB 34823 2102 13 that that IN 34823 2102 14 large large JJ 34823 2102 15 and and CC 34823 2102 16 small small JJ 34823 2102 17 payments payment NNS 34823 2102 18 bear bear VBP 34823 2102 19 a a DT 34823 2102 20 constant constant JJ 34823 2102 21 ratio ratio NN 34823 2102 22 to to IN 34823 2102 23 one one CD 34823 2102 24 another another DT 34823 2102 25 , , , 34823 2102 26 and and CC 34823 2102 27 further far RBR 34823 2102 28 , , , 34823 2102 29 that that IN 34823 2102 30 velocities velocity NNS 34823 2102 31 of of IN 34823 2102 32 money money NN 34823 2102 33 and and CC 34823 2102 34 of of IN 34823 2102 35 bank bank NN 34823 2102 36 - - HYPH 34823 2102 37 deposits deposit NNS 34823 2102 38 employed employ VBN 34823 2102 39 in in IN 34823 2102 40 these these DT 34823 2102 41 ways way NNS 34823 2102 42 bear bear VBP 34823 2102 43 a a DT 34823 2102 44 constant constant JJ 34823 2102 45 relation relation NN 34823 2102 46 . . . 34823 2103 1 If if IN 34823 2103 2 Fisher Fisher NNP 34823 2103 3 has have VBZ 34823 2103 4 any any DT 34823 2103 5 concrete concrete JJ 34823 2103 6 data datum NNS 34823 2103 7 , , , 34823 2103 8 of of IN 34823 2103 9 a a DT 34823 2103 10 statistical statistical JJ 34823 2103 11 nature nature NN 34823 2103 12 , , , 34823 2103 13 to to TO 34823 2103 14 support support VB 34823 2103 15 the the DT 34823 2103 16 doctrine doctrine NN 34823 2103 17 of of IN 34823 2103 18 a a DT 34823 2103 19 constant constant JJ 34823 2103 20 ratio ratio NN 34823 2103 21 between between IN 34823 2103 22 bank bank NN 34823 2103 23 - - HYPH 34823 2103 24 balance balance NN 34823 2103 25 and and CC 34823 2103 26 cash cash NN 34823 2103 27 on on IN 34823 2103 28 hand hand NN 34823 2103 29 in in IN 34823 2103 30 the the DT 34823 2103 31 case case NN 34823 2103 32 of of IN 34823 2103 33 individual individual JJ 34823 2103 34 depositors depositor NNS 34823 2103 35 , , , 34823 2103 36 he -PRON- PRP 34823 2103 37 has have VBZ 34823 2103 38 failed fail VBN 34823 2103 39 to to TO 34823 2103 40 put put VB 34823 2103 41 them -PRON- PRP 34823 2103 42 into into IN 34823 2103 43 his -PRON- PRP$ 34823 2103 44 book book NN 34823 2103 45 . . . 34823 2104 1 Nor nor CC 34823 2104 2 is be VBZ 34823 2104 3 there there EX 34823 2104 4 any any DT 34823 2104 5 statistical statistical JJ 34823 2104 6 evidence evidence NN 34823 2104 7 offered offer VBN 34823 2104 8 in in IN 34823 2104 9 the the DT 34823 2104 10 case case NN 34823 2104 11 of of IN 34823 2104 12 banks bank NNS 34823 2104 13 . . . 34823 2105 1 It -PRON- PRP 34823 2105 2 should should MD 34823 2105 3 be be VB 34823 2105 4 noted note VBN 34823 2105 5 here here RB 34823 2105 6 that that IN 34823 2105 7 finding find VBG 34823 2105 8 a a DT 34823 2105 9 general general JJ 34823 2105 10 average average NN 34823 2105 11 for for IN 34823 2105 12 a a DT 34823 2105 13 whole whole JJ 34823 2105 14 country country NN 34823 2105 15 or or CC 34823 2105 16 community community NN 34823 2105 17 would would MD 34823 2105 18 not not RB 34823 2105 19 prove prove VB 34823 2105 20 Fisher Fisher NNP 34823 2105 21 's 's POS 34823 2105 22 point point NN 34823 2105 23 . . . 34823 2106 1 General general JJ 34823 2106 2 averages average NNS 34823 2106 3 give give VBP 34823 2106 4 no no DT 34823 2106 5 concrete concrete JJ 34823 2106 6 causal causal JJ 34823 2106 7 relations relation NNS 34823 2106 8 . . . 34823 2107 1 Fisher Fisher NNP 34823 2107 2 's 's POS 34823 2107 3 argument argument NN 34823 2107 4 , , , 34823 2107 5 moreover moreover RB 34823 2107 6 , , , 34823 2107 7 starts start VBZ 34823 2107 8 with with IN 34823 2107 9 individual individual JJ 34823 2107 10 banks bank NNS 34823 2107 11 and and CC 34823 2107 12 individual individual JJ 34823 2107 13 deposit deposit NN 34823 2107 14 - - HYPH 34823 2107 15 accounts account NNS 34823 2107 16 ( ( -LRB- 34823 2107 17 pp pp NNP 34823 2107 18 . . . 34823 2108 1 46 46 CD 34823 2108 2 and and CC 34823 2108 3 50 50 CD 34823 2108 4 ) ) -RRB- 34823 2108 5 and and CC 34823 2108 6 generalizes generalize VBZ 34823 2108 7 the the DT 34823 2108 8 individual individual JJ 34823 2108 9 practice practice NN 34823 2108 10 into into IN 34823 2108 11 a a DT 34823 2108 12 community community NN 34823 2108 13 practice practice NN 34823 2108 14 . . . 34823 2109 1 He -PRON- PRP 34823 2109 2 would would MD 34823 2109 3 have have VB 34823 2109 4 to to TO 34823 2109 5 offer offer VB 34823 2109 6 data datum NNS 34823 2109 7 as as IN 34823 2109 8 to to IN 34823 2109 9 individual individual JJ 34823 2109 10 cases case NNS 34823 2109 11 . . . 34823 2110 1 While while IN 34823 2110 2 general general JJ 34823 2110 3 averages average NNS 34823 2110 4 could could MD 34823 2110 5 not not RB 34823 2110 6 _ _ NNP 34823 2110 7 prove prove VB 34823 2110 8 _ _ NNP 34823 2110 9 the the DT 34823 2110 10 contention contention NN 34823 2110 11 of of IN 34823 2110 12 a a DT 34823 2110 13 constant constant JJ 34823 2110 14 ratio ratio NN 34823 2110 15 between between IN 34823 2110 16 reserves reserve NNS 34823 2110 17 and and CC 34823 2110 18 deposits deposit NNS 34823 2110 19 for for IN 34823 2110 20 individual individual JJ 34823 2110 21 banks bank NNS 34823 2110 22 , , , 34823 2110 23 general general JJ 34823 2110 24 averages average NNS 34823 2110 25 can can MD 34823 2110 26 _ _ NNP 34823 2110 27 disprove disprove NN 34823 2110 28 _ _ NNP 34823 2110 29 the the DT 34823 2110 30 contention contention NN 34823 2110 31 . . . 34823 2111 1 A a DT 34823 2111 2 constant constant JJ 34823 2111 3 general general JJ 34823 2111 4 average average NN 34823 2111 5 would would MD 34823 2111 6 be be VB 34823 2111 7 consistent consistent JJ 34823 2111 8 with with IN 34823 2111 9 wide wide JJ 34823 2111 10 variation variation NN 34823 2111 11 in in IN 34823 2111 12 individual individual JJ 34823 2111 13 practices practice NNS 34823 2111 14 , , , 34823 2111 15 on on IN 34823 2111 16 the the DT 34823 2111 17 principle principle NN 34823 2111 18 of of IN 34823 2111 19 the the DT 34823 2111 20 " " `` 34823 2111 21 inertia inertia NN 34823 2111 22 of of IN 34823 2111 23 large large JJ 34823 2111 24 numbers number NNS 34823 2111 25 . . . 34823 2111 26 " " '' 34823 2112 1 But but CC 34823 2112 2 if if IN 34823 2112 3 the the DT 34823 2112 4 general general JJ 34823 2112 5 average average NN 34823 2112 6 is be VBZ 34823 2112 7 _ _ NNP 34823 2112 8 inconstant inconstant NN 34823 2112 9 _ _ NNP 34823 2112 10 , , , 34823 2112 11 it -PRON- PRP 34823 2112 12 is be VBZ 34823 2112 13 impossible impossible JJ 34823 2112 14 that that IN 34823 2112 15 the the DT 34823 2112 16 individual individual JJ 34823 2112 17 factors factor NNS 34823 2112 18 making make VBG 34823 2112 19 it -PRON- PRP 34823 2112 20 up up RP 34823 2112 21 should should MD 34823 2112 22 be be VB 34823 2112 23 constant constant JJ 34823 2112 24 . . . 34823 2113 1 This this DT 34823 2113 2 disproof disproof NN 34823 2113 3 is be VBZ 34823 2113 4 readily readily RB 34823 2113 5 at at IN 34823 2113 6 hand hand NN 34823 2113 7 , , , 34823 2113 8 both both CC 34823 2113 9 for for IN 34823 2113 10 the the DT 34823 2113 11 ratio ratio NN 34823 2113 12 of of IN 34823 2113 13 deposits deposit NNS 34823 2113 14 to to IN 34823 2113 15 reserves reserve NNS 34823 2113 16 in in IN 34823 2113 17 the the DT 34823 2113 18 United United NNP 34823 2113 19 States States NNP 34823 2113 20 , , , 34823 2113 21 and and CC 34823 2113 22 for for IN 34823 2113 23 the the DT 34823 2113 24 ratio ratio NN 34823 2113 25 of of IN 34823 2113 26 demand demand NN 34823 2113 27 obligations obligation NNS 34823 2113 28 to to IN 34823 2113 29 reserves reserve NNS 34823 2113 30 among among IN 34823 2113 31 European european JJ 34823 2113 32 banks bank NNS 34823 2113 33 ( ( -LRB- 34823 2113 34 most most JJS 34823 2113 35 of of IN 34823 2113 36 which which WDT 34823 2113 37 do do VBP 34823 2113 38 not not RB 34823 2113 39 make make VB 34823 2113 40 large large JJ 34823 2113 41 use use NN 34823 2113 42 of of IN 34823 2113 43 the the DT 34823 2113 44 check check NN 34823 2113 45 and and CC 34823 2113 46 deposit deposit NN 34823 2113 47 system system NN 34823 2113 48 ) ) -RRB- 34823 2113 49 . . . 34823 2114 1 For for IN 34823 2114 2 the the DT 34823 2114 3 United United NNP 34823 2114 4 States States NNP 34823 2114 5 , , , 34823 2114 6 from from IN 34823 2114 7 1890 1890 CD 34823 2114 8 to to IN 34823 2114 9 1911 1911 CD 34823 2114 10 , , , 34823 2114 11 taking take VBG 34823 2114 12 yearly yearly JJ 34823 2114 13 averages average NNS 34823 2114 14 , , , 34823 2114 15 we -PRON- PRP 34823 2114 16 have have VBP 34823 2114 17 a a DT 34823 2114 18 variation variation NN 34823 2114 19 in in IN 34823 2114 20 the the DT 34823 2114 21 ratio ratio NN 34823 2114 22 of of IN 34823 2114 23 reserves reserve NNS 34823 2114 24 to to IN 34823 2114 25 deposits deposit NNS 34823 2114 26 of of IN 34823 2114 27 over over IN 34823 2114 28 73 73 CD 34823 2114 29 % % NN 34823 2114 30 of of IN 34823 2114 31 the the DT 34823 2114 32 minimum minimum JJ 34823 2114 33 ratio ratio NN 34823 2114 34 . . . 34823 2115 1 The the DT 34823 2115 2 ratio ratio NN 34823 2115 3 was be VBD 34823 2115 4 26 26 CD 34823 2115 5 % % NN 34823 2115 6 in in IN 34823 2115 7 1894 1894 CD 34823 2115 8 , , , 34823 2115 9 and and CC 34823 2115 10 15 15 CD 34823 2115 11 % % NN 34823 2115 12 in in IN 34823 2115 13 1906 1906 CD 34823 2115 14 . . . 34823 2116 1 " " `` 34823 2116 2 The the DT 34823 2116 3 juxtaposition juxtaposition NN 34823 2116 4 of of IN 34823 2116 5 these these DT 34823 2116 6 extreme extreme JJ 34823 2116 7 variations variation NNS 34823 2116 8 shows show VBZ 34823 2116 9 how how WRB 34823 2116 10 inaccurate inaccurate JJ 34823 2116 11 is be VBZ 34823 2116 12 the the DT 34823 2116 13 assumption assumption NN 34823 2116 14 that that IN 34823 2116 15 the the DT 34823 2116 16 deposit deposit NN 34823 2116 17 currency currency NN 34823 2116 18 may may MD 34823 2116 19 be be VB 34823 2116 20 treated treat VBN 34823 2116 21 as as IN 34823 2116 22 a a DT 34823 2116 23 substantially substantially RB 34823 2116 24 constant constant JJ 34823 2116 25 multiple multiple NN 34823 2116 26 of of IN 34823 2116 27 the the DT 34823 2116 28 quantity quantity NN 34823 2116 29 of of IN 34823 2116 30 money money NN 34823 2116 31 in in IN 34823 2116 32 banks bank NNS 34823 2116 33 . . . 34823 2117 1 " " `` 34823 2117 2 [ [ -LRB- 34823 2117 3 167 167 CD 34823 2117 4 ] ] -RRB- 34823 2117 5 For for IN 34823 2117 6 New New NNP 34823 2117 7 York York NNP 34823 2117 8 City City NNP 34823 2117 9 , , , 34823 2117 10 the the DT 34823 2117 11 annual annual JJ 34823 2117 12 average average JJ 34823 2117 13 percentage percentage NN 34823 2117 14 of of IN 34823 2117 15 reserves reserve NNS 34823 2117 16 of of IN 34823 2117 17 Clearing Clearing NNP 34823 2117 18 House House NNP 34823 2117 19 banks bank NNS 34823 2117 20 to to IN 34823 2117 21 net net JJ 34823 2117 22 deposits deposit NNS 34823 2117 23 varies vary VBZ 34823 2117 24 from from IN 34823 2117 25 24.89 24.89 CD 34823 2117 26 % % NN 34823 2117 27 in in IN 34823 2117 28 1907 1907 CD 34823 2117 29 to to IN 34823 2117 30 37.59 37.59 CD 34823 2117 31 % % NN 34823 2117 32 in in IN 34823 2117 33 1894 1894 CD 34823 2117 34 . . . 34823 2118 1 [ [ -LRB- 34823 2118 2 168 168 CD 34823 2118 3 ] ] -RRB- 34823 2118 4 The the DT 34823 2118 5 extreme extreme JJ 34823 2118 6 variations[169 variations[169 NN 34823 2118 7 ] ] -RRB- 34823 2118 8 in in IN 34823 2118 9 weekly weekly JJ 34823 2118 10 averages average NNS 34823 2118 11 are be VBP 34823 2118 12 ( ( -LRB- 34823 2118 13 for for IN 34823 2118 14 the the DT 34823 2118 15 sixteen sixteen CD 34823 2118 16 years year NNS 34823 2118 17 , , , 34823 2118 18 1885 1885 CD 34823 2118 19 - - SYM 34823 2118 20 1900 1900 CD 34823 2118 21 ) ) -RRB- 34823 2118 22 20.6 20.6 CD 34823 2118 23 % % NN 34823 2118 24 in in IN 34823 2118 25 August August NNP 34823 2118 26 , , , 34823 2118 27 1893 1893 CD 34823 2118 28 and and CC 34823 2118 29 45.2 45.2 CD 34823 2118 30 % % NN 34823 2118 31 in in IN 34823 2118 32 February February NNP 34823 2118 33 , , , 34823 2118 34 1894 1894 CD 34823 2118 35 . . . 34823 2119 1 These these DT 34823 2119 2 figures figure NNS 34823 2119 3 are be VBP 34823 2119 4 extreme extreme JJ 34823 2119 5 , , , 34823 2119 6 since since IN 34823 2119 7 the the DT 34823 2119 8 number number NN 34823 2119 9 of of IN 34823 2119 10 occurrences occurrence NNS 34823 2119 11 is be VBZ 34823 2119 12 small small JJ 34823 2119 13 for for IN 34823 2119 14 them -PRON- PRP 34823 2119 15 , , , 34823 2119 16 but but CC 34823 2119 17 there there EX 34823 2119 18 are be VBP 34823 2119 19 numerous numerous JJ 34823 2119 20 occurrences occurrence NNS 34823 2119 21 of of IN 34823 2119 22 deviations deviation NNS 34823 2119 23 from from IN 34823 2119 24 the the DT 34823 2119 25 mean mean NN 34823 2119 26 as as IN 34823 2119 27 wide wide RB 34823 2119 28 apart apart RB 34823 2119 29 as as IN 34823 2119 30 24 24 CD 34823 2119 31 % % NN 34823 2119 32 and and CC 34823 2119 33 42 42 CD 34823 2119 34 % % NN 34823 2119 35 . . . 34823 2120 1 [ [ -LRB- 34823 2120 2 170 170 CD 34823 2120 3 ] ] -RRB- 34823 2120 4 The the DT 34823 2120 5 yearly yearly JJ 34823 2120 6 fluctuation fluctuation NN 34823 2120 7 in in IN 34823 2120 8 all all PDT 34823 2120 9 these these DT 34823 2120 10 ratios ratio NNS 34823 2120 11 is be VBZ 34823 2120 12 very very RB 34823 2120 13 great great JJ 34823 2120 14 . . . 34823 2121 1 The the DT 34823 2121 2 ratio ratio NN 34823 2121 3 of of IN 34823 2121 4 money money NN 34823 2121 5 held hold VBN 34823 2121 6 by by IN 34823 2121 7 the the DT 34823 2121 8 banks bank NNS 34823 2121 9 and and CC 34823 2121 10 money money NN 34823 2121 11 held hold VBN 34823 2121 12 by by IN 34823 2121 13 the the DT 34823 2121 14 people people NNS 34823 2121 15 also also RB 34823 2121 16 shows show VBZ 34823 2121 17 wide wide JJ 34823 2121 18 variation variation NN 34823 2121 19 , , , 34823 2121 20 and and CC 34823 2121 21 considerable considerable JJ 34823 2121 22 yearly yearly JJ 34823 2121 23 fluctuation fluctuation NN 34823 2121 24 . . . 34823 2122 1 There there EX 34823 2122 2 is be VBZ 34823 2122 3 a a DT 34823 2122 4 further further JJ 34823 2122 5 complication complication NN 34823 2122 6 , , , 34823 2122 7 for for IN 34823 2122 8 the the DT 34823 2122 9 United United NNP 34823 2122 10 States States NNP 34823 2122 11 , , , 34823 2122 12 of of IN 34823 2122 13 varying vary VBG 34823 2122 14 proportions proportion NNS 34823 2122 15 of of IN 34823 2122 16 the the DT 34823 2122 17 total total JJ 34823 2122 18 monetary monetary JJ 34823 2122 19 stock stock NN 34823 2122 20 held hold VBN 34823 2122 21 by by IN 34823 2122 22 the the DT 34823 2122 23 Federal Federal NNP 34823 2122 24 Treasury Treasury NNP 34823 2122 25 . . . 34823 2123 1 As as IN 34823 2123 2 between between IN 34823 2123 3 the the DT 34823 2123 4 banks bank NNS 34823 2123 5 and and CC 34823 2123 6 the the DT 34823 2123 7 public public NN 34823 2123 8 , , , 34823 2123 9 the the DT 34823 2123 10 banks bank NNS 34823 2123 11 held hold VBD 34823 2123 12 about about RB 34823 2123 13 a a DT 34823 2123 14 third third JJ 34823 2123 15 in in IN 34823 2123 16 1893 1893 CD 34823 2123 17 ( ( -LRB- 34823 2123 18 average average JJ 34823 2123 19 for for IN 34823 2123 20 the the DT 34823 2123 21 year year NN 34823 2123 22 ) ) -RRB- 34823 2123 23 , , , 34823 2123 24 and and CC 34823 2123 25 nearly nearly RB 34823 2123 26 half half NN 34823 2123 27 in in IN 34823 2123 28 1911 1911 CD 34823 2123 29 . . . 34823 2124 1 [ [ -LRB- 34823 2124 2 171 171 CD 34823 2124 3 ] ] -RRB- 34823 2124 4 Whatever whatever WDT 34823 2124 5 may may MD 34823 2124 6 be be VB 34823 2124 7 the the DT 34823 2124 8 relations relation NNS 34823 2124 9 between between IN 34823 2124 10 money money NN 34823 2124 11 in in IN 34823 2124 12 the the DT 34823 2124 13 hands hand NNS 34823 2124 14 of of IN 34823 2124 15 the the DT 34823 2124 16 people people NNS 34823 2124 17 , , , 34823 2124 18 money money NN 34823 2124 19 in in IN 34823 2124 20 banks bank NNS 34823 2124 21 , , , 34823 2124 22 and and CC 34823 2124 23 volume volume NN 34823 2124 24 of of IN 34823 2124 25 deposits deposit NNS 34823 2124 26 , , , 34823 2124 27 in in IN 34823 2124 28 " " `` 34823 2124 29 the the DT 34823 2124 30 static static JJ 34823 2124 31 state state NN 34823 2124 32 , , , 34823 2124 33 " " `` 34823 2124 34 there there EX 34823 2124 35 is be VBZ 34823 2124 36 no no DT 34823 2124 37 statistical statistical JJ 34823 2124 38 evidence evidence NN 34823 2124 39 whatever whatever WDT 34823 2124 40 to to TO 34823 2124 41 justify justify VB 34823 2124 42 the the DT 34823 2124 43 notion notion NN 34823 2124 44 of of IN 34823 2124 45 fixed fix VBN 34823 2124 46 relations relation NNS 34823 2124 47 among among IN 34823 2124 48 them -PRON- PRP 34823 2124 49 in in IN 34823 2124 50 real real JJ 34823 2124 51 life life NN 34823 2124 52 . . . 34823 2125 1 [ [ -LRB- 34823 2125 2 172 172 CD 34823 2125 3 ] ] -RRB- 34823 2125 4 We -PRON- PRP 34823 2125 5 shall shall MD 34823 2125 6 later later RB 34823 2125 7 show show VB 34823 2125 8 that that IN 34823 2125 9 there there EX 34823 2125 10 can can MD 34823 2125 11 be be VB 34823 2125 12 no no DT 34823 2125 13 static static JJ 34823 2125 14 laws law NNS 34823 2125 15 whatever whatever WDT 34823 2125 16 governing govern VBG 34823 2125 17 the the DT 34823 2125 18 relations relation NNS 34823 2125 19 of of IN 34823 2125 20 credit credit NN 34823 2125 21 and and CC 34823 2125 22 reserves reserve NNS 34823 2125 23 . . . 34823 2126 1 [ [ -LRB- 34823 2126 2 173 173 CD 34823 2126 3 ] ] -RRB- 34823 2126 4 For for IN 34823 2126 5 European european JJ 34823 2126 6 banks bank NNS 34823 2126 7 , , , 34823 2126 8 the the DT 34823 2126 9 case case NN 34823 2126 10 is be VBZ 34823 2126 11 equally equally RB 34823 2126 12 clear clear JJ 34823 2126 13 . . . 34823 2127 1 European european JJ 34823 2127 2 bankers banker NNS 34823 2127 3 deny deny VBP 34823 2127 4 any any DT 34823 2127 5 intention intention NN 34823 2127 6 of of IN 34823 2127 7 keeping keep VBG 34823 2127 8 any any DT 34823 2127 9 definite definite JJ 34823 2127 10 reserve reserve NN 34823 2127 11 ratio ratio NN 34823 2127 12 . . . 34823 2128 1 This this DT 34823 2128 2 appeared appear VBD 34823 2128 3 very very RB 34823 2128 4 clearly clearly RB 34823 2128 5 in in IN 34823 2128 6 the the DT 34823 2128 7 " " `` 34823 2128 8 Interviews Interviews NNPS 34823 2128 9 " " '' 34823 2128 10 obtained obtain VBN 34823 2128 11 for for IN 34823 2128 12 the the DT 34823 2128 13 Monetary Monetary NNP 34823 2128 14 Commission Commission NNP 34823 2128 15 with with IN 34823 2128 16 leading lead VBG 34823 2128 17 European european JJ 34823 2128 18 bankers banker NNS 34823 2128 19 . . . 34823 2129 1 [ [ -LRB- 34823 2129 2 174 174 CD 34823 2129 3 ] ] -RRB- 34823 2129 4 The the DT 34823 2129 5 Banque Banque NNP 34823 2129 6 de de NNP 34823 2129 7 France France NNP 34823 2129 8 increased increase VBD 34823 2129 9 its -PRON- PRP$ 34823 2129 10 gold gold JJ 34823 2129 11 reserves reserve NNS 34823 2129 12 , , , 34823 2129 13 between between IN 34823 2129 14 1899 1899 CD 34823 2129 15 and and CC 34823 2129 16 1910 1910 CD 34823 2129 17 , , , 34823 2129 18 by by IN 34823 2129 19 75 75 CD 34823 2129 20 % % NN 34823 2129 21 , , , 34823 2129 22 but but CC 34823 2129 23 increased increase VBD 34823 2129 24 its -PRON- PRP$ 34823 2129 25 discounts discount NNS 34823 2129 26 and and CC 34823 2129 27 advances advance NNS 34823 2129 28 during during IN 34823 2129 29 the the DT 34823 2129 30 same same JJ 34823 2129 31 period period NN 34823 2129 32 by by IN 34823 2129 33 only only RB 34823 2129 34 5 5 CD 34823 2129 35 % % NN 34823 2129 36 . . . 34823 2130 1 [ [ -LRB- 34823 2130 2 175 175 CD 34823 2130 3 ] ] -RRB- 34823 2130 4 J. J. NNP 34823 2130 5 M. M. NNP 34823 2130 6 Keynes[176 Keynes[176 NNP 34823 2130 7 ] ] -RRB- 34823 2130 8 points point VBZ 34823 2130 9 out out RP 34823 2130 10 that that IN 34823 2130 11 the the DT 34823 2130 12 reserves reserve NNS 34823 2130 13 of of IN 34823 2130 14 the the DT 34823 2130 15 great great JJ 34823 2130 16 banks bank NNS 34823 2130 17 of of IN 34823 2130 18 the the DT 34823 2130 19 world world NN 34823 2130 20 , , , 34823 2130 21 and and CC 34823 2130 22 of of IN 34823 2130 23 Treasuries Treasuries NNPS 34823 2130 24 which which WDT 34823 2130 25 act act VBP 34823 2130 26 as as IN 34823 2130 27 central central JJ 34823 2130 28 banks bank NNS 34823 2130 29 , , , 34823 2130 30 have have VBP 34823 2130 31 absorbed absorb VBN 34823 2130 32 an an DT 34823 2130 33 enormous enormous JJ 34823 2130 34 part part NN 34823 2130 35 of of IN 34823 2130 36 the the DT 34823 2130 37 gold gold NN 34823 2130 38 produced produce VBN 34823 2130 39 in in IN 34823 2130 40 the the DT 34823 2130 41 fifteen fifteen CD 34823 2130 42 years year NNS 34823 2130 43 before before IN 34823 2130 44 the the DT 34823 2130 45 War War NNP 34823 2130 46 , , , 34823 2130 47 increasing increase VBG 34823 2130 48 their -PRON- PRP$ 34823 2130 49 holdings holding NNS 34823 2130 50 from from IN 34823 2130 51 about about RB 34823 2130 52 five five CD 34823 2130 53 hundred hundred CD 34823 2130 54 million million CD 34823 2130 55 pounds pound NNS 34823 2130 56 sterling sterling NN 34823 2130 57 in in IN 34823 2130 58 1900 1900 CD 34823 2130 59 to to IN 34823 2130 60 one one CD 34823 2130 61 billion billion CD 34823 2130 62 pounds pound NNS 34823 2130 63 sterling sterling NN 34823 2130 64 at at IN 34823 2130 65 the the DT 34823 2130 66 outbreak outbreak NN 34823 2130 67 of of IN 34823 2130 68 the the DT 34823 2130 69 War War NNP 34823 2130 70 . . . 34823 2131 1 " " `` 34823 2131 2 The the DT 34823 2131 3 object object NN 34823 2131 4 of of IN 34823 2131 5 these these DT 34823 2131 6 accumulations accumulation NNS 34823 2131 7 has have VBZ 34823 2131 8 been be VBN 34823 2131 9 only only RB 34823 2131 10 dimly dimly RB 34823 2131 11 conceived conceive VBN 34823 2131 12 by by IN 34823 2131 13 the the DT 34823 2131 14 owners owner NNS 34823 2131 15 of of IN 34823 2131 16 them -PRON- PRP 34823 2131 17 . . . 34823 2132 1 They -PRON- PRP 34823 2132 2 have have VBP 34823 2132 3 been be VBN 34823 2132 4 piled pile VBN 34823 2132 5 up up RP 34823 2132 6 partly partly RB 34823 2132 7 as as IN 34823 2132 8 the the DT 34823 2132 9 result result NN 34823 2132 10 of of IN 34823 2132 11 blind blind JJ 34823 2132 12 fashion fashion NN 34823 2132 13 , , , 34823 2132 14 partly partly RB 34823 2132 15 as as IN 34823 2132 16 the the DT 34823 2132 17 almost almost RB 34823 2132 18 _ _ NNP 34823 2132 19 automatic automatic JJ 34823 2132 20 consequence consequence NNP 34823 2132 21 _ _ NNP 34823 2132 22 , , , 34823 2132 23 in in IN 34823 2132 24 an an DT 34823 2132 25 era era NN 34823 2132 26 of of IN 34823 2132 27 abundant abundant JJ 34823 2132 28 gold gold NN 34823 2132 29 supply supply NN 34823 2132 30 , , , 34823 2132 31 of of IN 34823 2132 32 the the DT 34823 2132 33 particular particular JJ 34823 2132 34 currency currency NN 34823 2132 35 arrangements arrangement NNS 34823 2132 36 which which WDT 34823 2132 37 it -PRON- PRP 34823 2132 38 has have VBZ 34823 2132 39 been be VBN 34823 2132 40 orthodox orthodox JJ 34823 2132 41 to to TO 34823 2132 42 introduce introduce VB 34823 2132 43 .... .... . 34823 2133 1 The the DT 34823 2133 2 ratios ratio NNS 34823 2133 3 of of IN 34823 2133 4 gold gold NN 34823 2133 5 to to IN 34823 2133 6 liabilities liability NNS 34823 2133 7 vary vary VBP 34823 2133 8 very very RB 34823 2133 9 extremely extremely RB 34823 2133 10 from from IN 34823 2133 11 one one CD 34823 2133 12 country country NN 34823 2133 13 to to IN 34823 2133 14 another another DT 34823 2133 15 , , , 34823 2133 16 without without IN 34823 2133 17 always always RB 34823 2133 18 being be VBG 34823 2133 19 explicable explicable JJ 34823 2133 20 by by IN 34823 2133 21 reference reference NN 34823 2133 22 to to IN 34823 2133 23 the the DT 34823 2133 24 varying varying NN 34823 2133 25 circumstances circumstance NNS 34823 2133 26 of of IN 34823 2133 27 those those DT 34823 2133 28 countries country NNS 34823 2133 29 .... .... . 34823 2134 1 The the DT 34823 2134 2 contingencies contingency NNS 34823 2134 3 , , , 34823 2134 4 against against IN 34823 2134 5 which which WDT 34823 2134 6 a a DT 34823 2134 7 gold gold NN 34823 2134 8 reserve reserve NN 34823 2134 9 is be VBZ 34823 2134 10 held hold VBN 34823 2134 11 , , , 34823 2134 12 are be VBP 34823 2134 13 necessarily necessarily RB 34823 2134 14 so so RB 34823 2134 15 vague vague JJ 34823 2134 16 that that IN 34823 2134 17 the the DT 34823 2134 18 problem problem NN 34823 2134 19 of of IN 34823 2134 20 assessing assess VBG 34823 2134 21 the the DT 34823 2134 22 proper proper JJ 34823 2134 23 ratio ratio NN 34823 2134 24 must must MD 34823 2134 25 be be VB 34823 2134 26 , , , 34823 2134 27 within within IN 34823 2134 28 wide wide JJ 34823 2134 29 limits limit NNS 34823 2134 30 , , , 34823 2134 31 indeterminate indeterminate JJ 34823 2134 32 . . . 34823 2135 1 It -PRON- PRP 34823 2135 2 is be VBZ 34823 2135 3 natural natural JJ 34823 2135 4 , , , 34823 2135 5 therefore therefore RB 34823 2135 6 , , , 34823 2135 7 that that IN 34823 2135 8 bankers banker NNS 34823 2135 9 , , , 34823 2135 10 who who WP 34823 2135 11 must must MD 34823 2135 12 act act VB 34823 2135 13 one one CD 34823 2135 14 way way NN 34823 2135 15 or or CC 34823 2135 16 the the DT 34823 2135 17 other other JJ 34823 2135 18 , , , 34823 2135 19 should should MD 34823 2135 20 often often RB 34823 2135 21 fall fall VB 34823 2135 22 back back RB 34823 2135 23 on on IN 34823 2135 24 mere mere JJ 34823 2135 25 usage usage NN 34823 2135 26 or or CC 34823 2135 27 accept accept VB 34823 2135 28 _ _ NNP 34823 2135 29 that that DT 34823 2135 30 amount amount NN 34823 2135 31 of of IN 34823 2135 32 gold gold NN 34823 2135 33 as as RB 34823 2135 34 sufficient sufficient JJ 34823 2135 35 _ _ NNP 34823 2135 36 which which WDT 34823 2135 37 , , , 34823 2135 38 _ _ XX 34823 2135 39 if if IN 34823 2135 40 they -PRON- PRP 34823 2135 41 are be VBP 34823 2135 42 chiefly chiefly RB 34823 2135 43 passive passive JJ 34823 2135 44 , , , 34823 2135 45 the the DT 34823 2135 46 tides tide NNS 34823 2135 47 of of IN 34823 2135 48 gold gold NN 34823 2135 49 bring bring VBP 34823 2135 50 them -PRON- PRP 34823 2135 51 _ _ NNP 34823 2135 52 . . . 34823 2136 1 [ [ -LRB- 34823 2136 2 Italics Italics NNP 34823 2136 3 mine mine NN 34823 2136 4 . . . 34823 2136 5 ] ] -RRB- 34823 2137 1 At at IN 34823 2137 2 any any DT 34823 2137 3 rate rate NN 34823 2137 4 , , , 34823 2137 5 the the DT 34823 2137 6 management management NN 34823 2137 7 of of IN 34823 2137 8 gold gold NN 34823 2137 9 reserves reserve NNS 34823 2137 10 is be VBZ 34823 2137 11 not not RB 34823 2137 12 yet yet RB 34823 2137 13 a a DT 34823 2137 14 science science NN 34823 2137 15 in in IN 34823 2137 16 most most JJS 34823 2137 17 countries country NNS 34823 2137 18 . . . 34823 2138 1 There there EX 34823 2138 2 is be VBZ 34823 2138 3 no no DT 34823 2138 4 ideal ideal JJ 34823 2138 5 virtue virtue NN 34823 2138 6 in in IN 34823 2138 7 the the DT 34823 2138 8 present present JJ 34823 2138 9 level level NN 34823 2138 10 of of IN 34823 2138 11 these these DT 34823 2138 12 reserves reserve NNS 34823 2138 13 . . . 34823 2139 1 Countries country NNS 34823 2139 2 have have VBP 34823 2139 3 got get VBN 34823 2139 4 on on RP 34823 2139 5 in in IN 34823 2139 6 the the DT 34823 2139 7 past past NN 34823 2139 8 with with IN 34823 2139 9 much much RB 34823 2139 10 less less JJR 34823 2139 11 , , , 34823 2139 12 and and CC 34823 2139 13 under under IN 34823 2139 14 force force NN 34823 2139 15 of of IN 34823 2139 16 circumstances circumstance NNS 34823 2139 17 could could MD 34823 2139 18 do do VB 34823 2139 19 so so RB 34823 2139 20 again again RB 34823 2139 21 . . . 34823 2139 22 " " '' 34823 2140 1 It -PRON- PRP 34823 2140 2 will will MD 34823 2140 3 be be VB 34823 2140 4 noticed notice VBN 34823 2140 5 that that IN 34823 2140 6 Keynes Keynes NNP 34823 2140 7 , , , 34823 2140 8 in in IN 34823 2140 9 the the DT 34823 2140 10 passage passage NN 34823 2140 11 cited cite VBD 34823 2140 12 , , , 34823 2140 13 is be VBZ 34823 2140 14 speaking speak VBG 34823 2140 15 of of IN 34823 2140 16 _ _ NNP 34823 2140 17 gold gold NN 34823 2140 18 _ _ NNP 34823 2140 19 reserves reserve NNS 34823 2140 20 , , , 34823 2140 21 while while IN 34823 2140 22 Fisher Fisher NNP 34823 2140 23 's 's POS 34823 2140 24 contention contention NN 34823 2140 25 relates relate VBZ 34823 2140 26 to to IN 34823 2140 27 all all DT 34823 2140 28 kinds kind NNS 34823 2140 29 of of IN 34823 2140 30 money money NN 34823 2140 31 available available JJ 34823 2140 32 for for IN 34823 2140 33 reserves reserve NNS 34823 2140 34 , , , 34823 2140 35 which which WDT 34823 2140 36 in in IN 34823 2140 37 this this DT 34823 2140 38 country country NN 34823 2140 39 would would MD 34823 2140 40 include include VB 34823 2140 41 gold gold NN 34823 2140 42 , , , 34823 2140 43 silver silver NN 34823 2140 44 dollars dollar NNS 34823 2140 45 , , , 34823 2140 46 greenbacks greenback NNS 34823 2140 47 , , , 34823 2140 48 and and CC 34823 2140 49 , , , 34823 2140 50 for for IN 34823 2140 51 many many JJ 34823 2140 52 State State NNP 34823 2140 53 banks bank NNS 34823 2140 54 , , , 34823 2140 55 the the DT 34823 2140 56 notes note NNS 34823 2140 57 of of IN 34823 2140 58 national national JJ 34823 2140 59 banks bank NNS 34823 2140 60 . . . 34823 2141 1 He -PRON- PRP 34823 2141 2 is be VBZ 34823 2141 3 also also RB 34823 2141 4 talking talk VBG 34823 2141 5 of of IN 34823 2141 6 the the DT 34823 2141 7 relation relation NN 34823 2141 8 of of IN 34823 2141 9 reserves reserve NNS 34823 2141 10 to to TO 34823 2141 11 demand demand VB 34823 2141 12 _ _ NNP 34823 2141 13 liabilities liability NNS 34823 2141 14 _ _ NNP 34823 2141 15 , , , 34823 2141 16 which which WDT 34823 2141 17 for for IN 34823 2141 18 most most JJS 34823 2141 19 great great JJ 34823 2141 20 European european JJ 34823 2141 21 banks bank NNS 34823 2141 22 are be VBP 34823 2141 23 primarily primarily RB 34823 2141 24 notes note NNS 34823 2141 25 , , , 34823 2141 26 rather rather RB 34823 2141 27 than than IN 34823 2141 28 of of IN 34823 2141 29 reserves reserve NNS 34823 2141 30 to to IN 34823 2141 31 deposits deposit NNS 34823 2141 32 . . . 34823 2142 1 But but CC 34823 2142 2 as as IN 34823 2142 3 an an DT 34823 2142 4 exposition exposition NN 34823 2142 5 of of IN 34823 2142 6 the the DT 34823 2142 7 theory theory NN 34823 2142 8 of of IN 34823 2142 9 the the DT 34823 2142 10 ratio ratio NN 34823 2142 11 of of IN 34823 2142 12 reserves reserve NNS 34823 2142 13 to to IN 34823 2142 14 deposits deposit NNS 34823 2142 15 ( ( -LRB- 34823 2142 16 the the DT 34823 2142 17 chief chief JJ 34823 2142 18 liability liability NN 34823 2142 19 of of IN 34823 2142 20 American american JJ 34823 2142 21 banks bank NNS 34823 2142 22 ) ) -RRB- 34823 2142 23 , , , 34823 2142 24 it -PRON- PRP 34823 2142 25 is be VBZ 34823 2142 26 applicable applicable JJ 34823 2142 27 to to IN 34823 2142 28 American american JJ 34823 2142 29 conditions condition NNS 34823 2142 30 , , , 34823 2142 31 and and CC 34823 2142 32 as as IN 34823 2142 33 a a DT 34823 2142 34 statement statement NN 34823 2142 35 of of IN 34823 2142 36 the the DT 34823 2142 37 facts fact NNS 34823 2142 38 , , , 34823 2142 39 it -PRON- PRP 34823 2142 40 of of IN 34823 2142 41 course course NN 34823 2142 42 gives give VBZ 34823 2142 43 a a DT 34823 2142 44 basis basis NN 34823 2142 45 for for IN 34823 2142 46 testing test VBG 34823 2142 47 Fisher Fisher NNP 34823 2142 48 's 's POS 34823 2142 49 doctrine doctrine NN 34823 2142 50 generally generally RB 34823 2142 51 . . . 34823 2143 1 I -PRON- PRP 34823 2143 2 do do VBP 34823 2143 3 not not RB 34823 2143 4 think think VB 34823 2143 5 that that IN 34823 2143 6 Fisher Fisher NNP 34823 2143 7 's 's POS 34823 2143 8 fixed fix VBN 34823 2143 9 ratio ratio NN 34823 2143 10 , , , 34823 2143 11 as as IN 34823 2143 12 between between IN 34823 2143 13 reserves reserve NNS 34823 2143 14 and and CC 34823 2143 15 deposits deposit NNS 34823 2143 16 , , , 34823 2143 17 or or CC 34823 2143 18 even even RB 34823 2143 19 the the DT 34823 2143 20 ratio ratio NN 34823 2143 21 which which WDT 34823 2143 22 more more RBR 34823 2143 23 moderate moderate JJ 34823 2143 24 quantity quantity NN 34823 2143 25 theorists theorist NNS 34823 2143 26 might may MD 34823 2143 27 seek seek VB 34823 2143 28 to to TO 34823 2143 29 find find VB 34823 2143 30 between between IN 34823 2143 31 gold gold NN 34823 2143 32 and and CC 34823 2143 33 demand demand NN 34823 2143 34 liabilities liability NNS 34823 2143 35 , , , 34823 2143 36 will will MD 34823 2143 37 find find VB 34823 2143 38 any any DT 34823 2143 39 justification justification NN 34823 2143 40 in in IN 34823 2143 41 the the DT 34823 2143 42 facts fact NNS 34823 2143 43 of of IN 34823 2143 44 banking banking NN 34823 2143 45 history history NN 34823 2143 46 . . . 34823 2144 1 [ [ -LRB- 34823 2144 2 177 177 CD 34823 2144 3 ] ] -RRB- 34823 2144 4 A a DT 34823 2144 5 factor factor NN 34823 2144 6 which which WDT 34823 2144 7 has have VBZ 34823 2144 8 developed develop VBN 34823 2144 9 on on IN 34823 2144 10 a a DT 34823 2144 11 grand grand JJ 34823 2144 12 scale scale NN 34823 2144 13 in in IN 34823 2144 14 recent recent JJ 34823 2144 15 years year NNS 34823 2144 16 has have VBZ 34823 2144 17 tended tend VBN 34823 2144 18 still still RB 34823 2144 19 further further RB 34823 2144 20 to to TO 34823 2144 21 weaken weaken VB 34823 2144 22 any any DT 34823 2144 23 tendency tendency NN 34823 2144 24 that that WDT 34823 2144 25 may may MD 34823 2144 26 be be VB 34823 2144 27 supposed suppose VBN 34823 2144 28 to to TO 34823 2144 29 exist exist VB 34823 2144 30 toward toward IN 34823 2144 31 a a DT 34823 2144 32 fixed fix VBN 34823 2144 33 ratio ratio NN 34823 2144 34 between between IN 34823 2144 35 money money NN 34823 2144 36 - - HYPH 34823 2144 37 reserves reserve NNS 34823 2144 38 and and CC 34823 2144 39 demand demand NN 34823 2144 40 - - HYPH 34823 2144 41 liabilities liability NNS 34823 2144 42 . . . 34823 2145 1 I -PRON- PRP 34823 2145 2 refer refer VBP 34823 2145 3 to to IN 34823 2145 4 the the DT 34823 2145 5 gold gold JJ 34823 2145 6 exchange exchange NN 34823 2145 7 - - HYPH 34823 2145 8 standard standard NN 34823 2145 9 , , , 34823 2145 10 in in IN 34823 2145 11 India India NNP 34823 2145 12 , , , 34823 2145 13 the the DT 34823 2145 14 Philippines Philippines NNPS 34823 2145 15 , , , 34823 2145 16 and and CC 34823 2145 17 elsewhere elsewhere RB 34823 2145 18 , , , 34823 2145 19 and and CC 34823 2145 20 to to IN 34823 2145 21 the the DT 34823 2145 22 practice practice NN 34823 2145 23 of of IN 34823 2145 24 the the DT 34823 2145 25 great great JJ 34823 2145 26 banks bank NNS 34823 2145 27 of of IN 34823 2145 28 the the DT 34823 2145 29 continental continental JJ 34823 2145 30 countries country NNS 34823 2145 31 of of IN 34823 2145 32 Europe Europe NNP 34823 2145 33 , , , 34823 2145 34 particularly particularly RB 34823 2145 35 the the DT 34823 2145 36 Bank Bank NNP 34823 2145 37 of of IN 34823 2145 38 Austria Austria NNP 34823 2145 39 - - HYPH 34823 2145 40 Hungary Hungary NNP 34823 2145 41 , , , 34823 2145 42 of of IN 34823 2145 43 holding hold VBG 34823 2145 44 foreign foreign JJ 34823 2145 45 gold gold NN 34823 2145 46 bills bill NNS 34823 2145 47 , , , 34823 2145 48 rather rather RB 34823 2145 49 than than IN 34823 2145 50 gold gold NN 34823 2145 51 exclusively exclusively RB 34823 2145 52 , , , 34823 2145 53 as as IN 34823 2145 54 reserve reserve NN 34823 2145 55 to to TO 34823 2145 56 cover cover VB 34823 2145 57 note note NN 34823 2145 58 issue issue NN 34823 2145 59 . . . 34823 2146 1 In in IN 34823 2146 2 the the DT 34823 2146 3 case case NN 34823 2146 4 of of IN 34823 2146 5 the the DT 34823 2146 6 Austro Austro NNP 34823 2146 7 - - HYPH 34823 2146 8 Hungarian Hungarian NNP 34823 2146 9 Bank Bank NNP 34823 2146 10 , , , 34823 2146 11 which which WDT 34823 2146 12 has have VBZ 34823 2146 13 carried carry VBN 34823 2146 14 this this DT 34823 2146 15 practice practice NN 34823 2146 16 to to IN 34823 2146 17 the the DT 34823 2146 18 extreme extreme NN 34823 2146 19 , , , 34823 2146 20 all all DT 34823 2146 21 possibility possibility NN 34823 2146 22 of of IN 34823 2146 23 a a DT 34823 2146 24 fixed fix VBN 34823 2146 25 ratio ratio NN 34823 2146 26 between between IN 34823 2146 27 gold gold JJ 34823 2146 28 reserves reserve NNS 34823 2146 29 and and CC 34823 2146 30 demand demand NN 34823 2146 31 - - HYPH 34823 2146 32 liabilities liability NNS 34823 2146 33 has have VBZ 34823 2146 34 vanished vanish VBN 34823 2146 35 . . . 34823 2147 1 The the DT 34823 2147 2 ratio ratio NN 34823 2147 3 is be VBZ 34823 2147 4 highly highly RB 34823 2147 5 flexible flexible JJ 34823 2147 6 . . . 34823 2148 1 When when WRB 34823 2148 2 bills bill NNS 34823 2148 3 are be VBP 34823 2148 4 cheap cheap JJ 34823 2148 5 , , , 34823 2148 6 _ _ NNP 34823 2148 7 i. i. NNP 34823 2149 1 e. e. NNP 34823 2149 2 _ _ NNP 34823 2149 3 , , , 34823 2149 4 when when WRB 34823 2149 5 the the DT 34823 2149 6 exchange exchange NN 34823 2149 7 is be VBZ 34823 2149 8 " " `` 34823 2149 9 in in IN 34823 2149 10 favor favor NN 34823 2149 11 " " '' 34823 2149 12 of of IN 34823 2149 13 Austria Austria NNP 34823 2149 14 - - HYPH 34823 2149 15 Hungary Hungary NNP 34823 2149 16 , , , 34823 2149 17 the the DT 34823 2149 18 Bank Bank NNP 34823 2149 19 buys buy VBZ 34823 2149 20 bills bill NNS 34823 2149 21 with with IN 34823 2149 22 gold gold NN 34823 2149 23 ; ; : 34823 2149 24 when when WRB 34823 2149 25 bills bill NNS 34823 2149 26 are be VBP 34823 2149 27 high high JJ 34823 2149 28 , , , 34823 2149 29 when when WRB 34823 2149 30 the the DT 34823 2149 31 exchanges exchange NNS 34823 2149 32 have have VBP 34823 2149 33 turned turn VBN 34823 2149 34 " " '' 34823 2149 35 against against IN 34823 2149 36 " " `` 34823 2149 37 Austria Austria NNP 34823 2149 38 - - HYPH 34823 2149 39 Hungary Hungary NNP 34823 2149 40 , , , 34823 2149 41 the the DT 34823 2149 42 Bank Bank NNP 34823 2149 43 sells sell VBZ 34823 2149 44 bills bill NNS 34823 2149 45 for for IN 34823 2149 46 gold gold NN 34823 2149 47 . . . 34823 2150 1 Commonly commonly RB 34823 2150 2 , , , 34823 2150 3 the the DT 34823 2150 4 holder holder NN 34823 2150 5 of of IN 34823 2150 6 a a DT 34823 2150 7 note note NN 34823 2150 8 of of IN 34823 2150 9 the the DT 34823 2150 10 Austro Austro NNP 34823 2150 11 - - HYPH 34823 2150 12 Hungarian Hungarian NNP 34823 2150 13 Bank Bank NNP 34823 2150 14 does do VBZ 34823 2150 15 not not RB 34823 2150 16 ask ask VB 34823 2150 17 for for IN 34823 2150 18 it -PRON- PRP 34823 2150 19 to to TO 34823 2150 20 be be VB 34823 2150 21 redeemed redeem VBN 34823 2150 22 in in IN 34823 2150 23 gold gold NN 34823 2150 24 , , , 34823 2150 25 but but CC 34823 2150 26 in in IN 34823 2150 27 foreign foreign JJ 34823 2150 28 exchange exchange NN 34823 2150 29 . . . 34823 2151 1 The the DT 34823 2151 2 reason reason NN 34823 2151 3 for for IN 34823 2151 4 this this DT 34823 2151 5 practice practice NN 34823 2151 6 on on IN 34823 2151 7 the the DT 34823 2151 8 part part NN 34823 2151 9 of of IN 34823 2151 10 the the DT 34823 2151 11 Bank Bank NNP 34823 2151 12 is be VBZ 34823 2151 13 primarily primarily RB 34823 2151 14 economy economy NN 34823 2151 15 . . . 34823 2152 1 A a DT 34823 2152 2 large large JJ 34823 2152 3 holding holding NN 34823 2152 4 of of IN 34823 2152 5 gold gold NN 34823 2152 6 would would MD 34823 2152 7 represent represent VB 34823 2152 8 idle idle JJ 34823 2152 9 capital capital NN 34823 2152 10 -- -- : 34823 2152 11 a a DT 34823 2152 12 heavy heavy JJ 34823 2152 13 burden burden NN 34823 2152 14 for for IN 34823 2152 15 the the DT 34823 2152 16 Bank Bank NNP 34823 2152 17 of of IN 34823 2152 18 a a DT 34823 2152 19 debt debt NN 34823 2152 20 - - HYPH 34823 2152 21 ridden ride VBN 34823 2152 22 and and CC 34823 2152 23 poorly poorly RB 34823 2152 24 developed develop VBN 34823 2152 25 country country NN 34823 2152 26 . . . 34823 2153 1 Foreign foreign JJ 34823 2153 2 bills bill NNS 34823 2153 3 , , , 34823 2153 4 however however RB 34823 2153 5 , , , 34823 2153 6 serve serve VB 34823 2153 7 equally equally RB 34823 2153 8 well well RB 34823 2153 9 for for IN 34823 2153 10 maintaining maintain VBG 34823 2153 11 the the DT 34823 2153 12 value value NN 34823 2153 13 of of IN 34823 2153 14 the the DT 34823 2153 15 bank bank NN 34823 2153 16 - - HYPH 34823 2153 17 notes note NNS 34823 2153 18 , , , 34823 2153 19 and and CC 34823 2153 20 at at IN 34823 2153 21 the the DT 34823 2153 22 same same JJ 34823 2153 23 time time NN 34823 2153 24 bear bear NN 34823 2153 25 interest interest NN 34823 2153 26 . . . 34823 2154 1 [ [ -LRB- 34823 2154 2 178 178 CD 34823 2154 3 ] ] -RRB- 34823 2154 4 A a DT 34823 2154 5 similar similar JJ 34823 2154 6 practice practice NN 34823 2154 7 has have VBZ 34823 2154 8 been be VBN 34823 2154 9 employed employ VBN 34823 2154 10 by by IN 34823 2154 11 the the DT 34823 2154 12 Reichsbank Reichsbank NNP 34823 2154 13 , , , 34823 2154 14 by by IN 34823 2154 15 the the DT 34823 2154 16 National National NNP 34823 2154 17 Bank Bank NNP 34823 2154 18 of of IN 34823 2154 19 Belgium,[179 Belgium,[179 NNP 34823 2154 20 ] ] -RRB- 34823 2154 21 by by IN 34823 2154 22 virtually virtually RB 34823 2154 23 all all PDT 34823 2154 24 the the DT 34823 2154 25 debtor debtor NN 34823 2154 26 countries country NNS 34823 2154 27 of of IN 34823 2154 28 Europe Europe NNP 34823 2154 29 , , , 34823 2154 30 and and CC 34823 2154 31 the the DT 34823 2154 32 great great JJ 34823 2154 33 trading trading NN 34823 2154 34 countries country NNS 34823 2154 35 of of IN 34823 2154 36 Asia Asia NNP 34823 2154 37 . . . 34823 2155 1 Confidence confidence NN 34823 2155 2 in in IN 34823 2155 3 these these DT 34823 2155 4 conclusions conclusion NNS 34823 2155 5 is be VBZ 34823 2155 6 much much RB 34823 2155 7 increased increase VBN 34823 2155 8 by by IN 34823 2155 9 a a DT 34823 2155 10 study study NN 34823 2155 11 of of IN 34823 2155 12 the the DT 34823 2155 13 views view NNS 34823 2155 14 of of IN 34823 2155 15 Professor Professor NNP 34823 2155 16 Taussig Taussig NNP 34823 2155 17 . . . 34823 2156 1 [ [ -LRB- 34823 2156 2 180 180 CD 34823 2156 3 ] ] -RRB- 34823 2156 4 Professor Professor NNP 34823 2156 5 Taussig Taussig NNP 34823 2156 6 is be VBZ 34823 2156 7 , , , 34823 2156 8 in in IN 34823 2156 9 his -PRON- PRP$ 34823 2156 10 initial initial JJ 34823 2156 11 formulations formulation NNS 34823 2156 12 of of IN 34823 2156 13 his -PRON- PRP$ 34823 2156 14 doctrine doctrine NN 34823 2156 15 , , , 34823 2156 16 a a DT 34823 2156 17 quantity quantity NN 34823 2156 18 theorist theorist NN 34823 2156 19 . . . 34823 2157 1 In in IN 34823 2157 2 a a DT 34823 2157 3 situation situation NN 34823 2157 4 where where WRB 34823 2157 5 only only RB 34823 2157 6 money money NN 34823 2157 7 is be VBZ 34823 2157 8 used use VBN 34823 2157 9 , , , 34823 2157 10 credit credit NN 34823 2157 11 being be VBG 34823 2157 12 excluded exclude VBN 34823 2157 13 , , , 34823 2157 14 in in IN 34823 2157 15 effecting effect VBG 34823 2157 16 exchanges exchange NNS 34823 2157 17 , , , 34823 2157 18 he -PRON- PRP 34823 2157 19 would would MD 34823 2157 20 hold hold VB 34823 2157 21 that that IN 34823 2157 22 the the DT 34823 2157 23 quantity quantity NN 34823 2157 24 theory theory NN 34823 2157 25 correctly correctly RB 34823 2157 26 accounts account VBZ 34823 2157 27 for for IN 34823 2157 28 prices price NNS 34823 2157 29 . . . 34823 2158 1 He -PRON- PRP 34823 2158 2 is be VBZ 34823 2158 3 fond fond JJ 34823 2158 4 of of IN 34823 2158 5 the the DT 34823 2158 6 old old JJ 34823 2158 7 formulation formulation NN 34823 2158 8 , , , 34823 2158 9 as as IN 34823 2158 10 a a DT 34823 2158 11 first first JJ 34823 2158 12 approximation approximation NN 34823 2158 13 , , , 34823 2158 14 even even RB 34823 2158 15 in in IN 34823 2158 16 dealing deal VBG 34823 2158 17 with with IN 34823 2158 18 the the DT 34823 2158 19 complex complex JJ 34823 2158 20 facts fact NNS 34823 2158 21 of of IN 34823 2158 22 modern modern JJ 34823 2158 23 banking banking NN 34823 2158 24 . . . 34823 2159 1 But but CC 34823 2159 2 he -PRON- PRP 34823 2159 3 does do VBZ 34823 2159 4 not not RB 34823 2159 5 dodge dodge VB 34823 2159 6 the the DT 34823 2159 7 complex complex JJ 34823 2159 8 facts fact NNS 34823 2159 9 , , , 34823 2159 10 and and CC 34823 2159 11 his -PRON- PRP$ 34823 2159 12 theory theory NN 34823 2159 13 becomes become VBZ 34823 2159 14 , , , 34823 2159 15 substantially substantially RB 34823 2159 16 , , , 34823 2159 17 first first RB 34823 2159 18 , , , 34823 2159 19 a a DT 34823 2159 20 general general JJ 34823 2159 21 formula formula NN 34823 2159 22 , , , 34823 2159 23 and and CC 34823 2159 24 second second RB 34823 2159 25 , , , 34823 2159 26 an an DT 34823 2159 27 elaborate elaborate JJ 34823 2159 28 body body NN 34823 2159 29 of of IN 34823 2159 30 qualifications qualification NNS 34823 2159 31 and and CC 34823 2159 32 exceptions exception NNS 34823 2159 33 , , , 34823 2159 34 the the DT 34823 2159 35 latter latter JJ 34823 2159 36 making make VBG 34823 2159 37 up up RP 34823 2159 38 the the DT 34823 2159 39 major major JJ 34823 2159 40 part part NN 34823 2159 41 of of IN 34823 2159 42 the the DT 34823 2159 43 theory theory NN 34823 2159 44 . . . 34823 2160 1 His -PRON- PRP$ 34823 2160 2 doctrine doctrine NN 34823 2160 3 regarding regard VBG 34823 2160 4 the the DT 34823 2160 5 relation relation NN 34823 2160 6 of of IN 34823 2160 7 money money NN 34823 2160 8 and and CC 34823 2160 9 credit credit NN 34823 2160 10 is be VBZ 34823 2160 11 as as IN 34823 2160 12 follows follow VBZ 34823 2160 13 : : : 34823 2160 14 there there EX 34823 2160 15 is be VBZ 34823 2160 16 , , , 34823 2160 17 in in IN 34823 2160 18 the the DT 34823 2160 19 long long JJ 34823 2160 20 run run NN 34823 2160 21 , , , 34823 2160 22 a a DT 34823 2160 23 real real JJ 34823 2160 24 _ _ NNP 34823 2160 25 limitation limitation NN 34823 2160 26 _ _ NNP 34823 2160 27 on on IN 34823 2160 28 elastic elastic JJ 34823 2160 29 credit credit NN 34823 2160 30 instruments instrument NNS 34823 2160 31 in in IN 34823 2160 32 the the DT 34823 2160 33 quantity quantity NN 34823 2160 34 of of IN 34823 2160 35 _ _ NNP 34823 2160 36 specie specie NN 34823 2160 37 _ _ NNP 34823 2160 38 . . . 34823 2161 1 ( ( -LRB- 34823 2161 2 This this DT 34823 2161 3 is be VBZ 34823 2161 4 very very RB 34823 2161 5 different different JJ 34823 2161 6 from from IN 34823 2161 7 the the DT 34823 2161 8 assertion assertion NN 34823 2161 9 that that IN 34823 2161 10 there there EX 34823 2161 11 is be VBZ 34823 2161 12 a a DT 34823 2161 13 _ _ NNP 34823 2161 14 fixed fix VBN 34823 2161 15 _ _ NNP 34823 2161 16 ratio ratio NN 34823 2161 17 between between IN 34823 2161 18 _ _ NNP 34823 2161 19 deposits deposit NNS 34823 2161 20 _ _ NNP 34823 2161 21 and and CC 34823 2161 22 _ _ NNP 34823 2161 23 money money NN 34823 2161 24 _ _ NNP 34823 2161 25 in in IN 34823 2161 26 circulation circulation NN 34823 2161 27 , , , 34823 2161 28 including include VBG 34823 2161 29 paper paper NN 34823 2161 30 , , , 34823 2161 31 bank bank NN 34823 2161 32 - - HYPH 34823 2161 33 notes note NNS 34823 2161 34 , , , 34823 2161 35 etc etc FW 34823 2161 36 . . FW 34823 2161 37 , , , 34823 2161 38 in in IN 34823 2161 39 money money NN 34823 2161 40 . . . 34823 2162 1 The the DT 34823 2162 2 present present JJ 34823 2162 3 writer writer NN 34823 2162 4 has have VBZ 34823 2162 5 no no DT 34823 2162 6 quarrel quarrel NN 34823 2162 7 with with IN 34823 2162 8 the the DT 34823 2162 9 doctrine doctrine NN 34823 2162 10 that that IN 34823 2162 11 the the DT 34823 2162 12 gold gold JJ 34823 2162 13 supply supply NN 34823 2162 14 of of IN 34823 2162 15 the the DT 34823 2162 16 _ _ NNP 34823 2162 17 world world NN 34823 2162 18 _ _ NNP 34823 2162 19 imposes impose VBZ 34823 2162 20 _ _ NNP 34823 2162 21 outside outside IN 34823 2162 22 _ _ NNP 34823 2162 23 limitations limitation NNS 34823 2162 24 on on IN 34823 2162 25 the the DT 34823 2162 26 _ _ NNP 34823 2162 27 possible possible JJ 34823 2162 28 _ _ NNP 34823 2162 29 expansion expansion NN 34823 2162 30 of of IN 34823 2162 31 credit credit NN 34823 2162 32 . . . 34823 2162 33 ) ) -RRB- 34823 2163 1 The the DT 34823 2163 2 limitation limitation NN 34823 2163 3 , , , 34823 2163 4 Taussig Taussig NNP 34823 2163 5 holds hold VBZ 34823 2163 6 , , , 34823 2163 7 comes come VBZ 34823 2163 8 in in IN 34823 2163 9 two two CD 34823 2163 10 ways way NNS 34823 2163 11 : : : 34823 2163 12 ( ( -LRB- 34823 2163 13 1 1 CD 34823 2163 14 ) ) -RRB- 34823 2163 15 , , , 34823 2163 16 in in IN 34823 2163 17 the the DT 34823 2163 18 connection connection NN 34823 2163 19 between between IN 34823 2163 20 prices price NNS 34823 2163 21 in in IN 34823 2163 22 any any DT 34823 2163 23 one one CD 34823 2163 24 country country NN 34823 2163 25 , , , 34823 2163 26 and and CC 34823 2163 27 prices price NNS 34823 2163 28 in in IN 34823 2163 29 the the DT 34823 2163 30 world world NN 34823 2163 31 at at IN 34823 2163 32 large large JJ 34823 2163 33 ; ; : 34823 2163 34 ( ( -LRB- 34823 2163 35 2 2 LS 34823 2163 36 ) ) -RRB- 34823 2163 37 , , , 34823 2163 38 in in IN 34823 2163 39 various various JJ 34823 2163 40 links link NNS 34823 2163 41 of of IN 34823 2163 42 connection connection NN 34823 2163 43 between between IN 34823 2163 44 the the DT 34823 2163 45 volume volume NN 34823 2163 46 of of IN 34823 2163 47 deposits deposit NNS 34823 2163 48 ( ( -LRB- 34823 2163 49 and and CC 34823 2163 50 of of IN 34823 2163 51 notes note NNS 34823 2163 52 elastic elastic JJ 34823 2163 53 like like IN 34823 2163 54 deposits deposit NNS 34823 2163 55 ) ) -RRB- 34823 2163 56 and and CC 34823 2163 57 the the DT 34823 2163 58 quantity quantity NN 34823 2163 59 of of IN 34823 2163 60 specie specie NN 34823 2163 61 . . . 34823 2164 1 I -PRON- PRP 34823 2164 2 shall shall MD 34823 2164 3 consider consider VB 34823 2164 4 at at IN 34823 2164 5 a a DT 34823 2164 6 later later JJ 34823 2164 7 point point NN 34823 2164 8 the the DT 34823 2164 9 relation relation NN 34823 2164 10 between between IN 34823 2164 11 prices price NNS 34823 2164 12 in in IN 34823 2164 13 different different JJ 34823 2164 14 countries country NNS 34823 2164 15 . . . 34823 2165 1 [ [ -LRB- 34823 2165 2 181 181 CD 34823 2165 3 ] ] -RRB- 34823 2165 4 I -PRON- PRP 34823 2165 5 shall shall MD 34823 2165 6 there there RB 34823 2165 7 maintain maintain VB 34823 2165 8 that that IN 34823 2165 9 the the DT 34823 2165 10 quantity quantity NN 34823 2165 11 theory theory NN 34823 2165 12 , , , 34823 2165 13 which which WDT 34823 2165 14 explains explain VBZ 34823 2165 15 gold gold NN 34823 2165 16 movements movement NNS 34823 2165 17 on on IN 34823 2165 18 the the DT 34823 2165 19 basis basis NN 34823 2165 20 of of IN 34823 2165 21 price-_levels price-_level NNS 34823 2165 22 _ _ NNP 34823 2165 23 in in IN 34823 2165 24 different different JJ 34823 2165 25 countries country NNS 34823 2165 26 , , , 34823 2165 27 is be VBZ 34823 2165 28 inadequate inadequate JJ 34823 2165 29 ; ; : 34823 2165 30 that that DT 34823 2165 31 not not RB 34823 2165 32 price price NN 34823 2165 33 - - HYPH 34823 2165 34 levels level NNS 34823 2165 35 , , , 34823 2165 36 but but CC 34823 2165 37 particular particular JJ 34823 2165 38 prices price NNS 34823 2165 39 , , , 34823 2165 40 of of IN 34823 2165 41 goods good NNS 34823 2165 42 most most RBS 34823 2165 43 available available JJ 34823 2165 44 for for IN 34823 2165 45 international international JJ 34823 2165 46 trade trade NN 34823 2165 47 , , , 34823 2165 48 are be VBP 34823 2165 49 of of IN 34823 2165 50 primary primary JJ 34823 2165 51 importance importance NN 34823 2165 52 , , , 34823 2165 53 and and CC 34823 2165 54 that that DT 34823 2165 55 of of IN 34823 2165 56 these these DT 34823 2165 57 particular particular JJ 34823 2165 58 prices price NNS 34823 2165 59 , , , 34823 2165 60 one one CD 34823 2165 61 , , , 34823 2165 62 namely namely RB 34823 2165 63 the the DT 34823 2165 64 " " `` 34823 2165 65 price price NN 34823 2165 66 of of IN 34823 2165 67 money money NN 34823 2165 68 , , , 34823 2165 69 " " '' 34823 2165 70 or or CC 34823 2165 71 the the DT 34823 2165 72 short short JJ 34823 2165 73 time time NN 34823 2165 74 money money NN 34823 2165 75 - - HYPH 34823 2165 76 rate rate NN 34823 2165 77 , , , 34823 2165 78 is be VBZ 34823 2165 79 most most RBS 34823 2165 80 significant significant JJ 34823 2165 81 of of IN 34823 2165 82 all all DT 34823 2165 83 . . . 34823 2166 1 For for IN 34823 2166 2 the the DT 34823 2166 3 present present NN 34823 2166 4 , , , 34823 2166 5 I -PRON- PRP 34823 2166 6 wish wish VBP 34823 2166 7 to to TO 34823 2166 8 analyze analyze VB 34823 2166 9 the the DT 34823 2166 10 linkages linkage NNS 34823 2166 11 which which WDT 34823 2166 12 Taussig Taussig NNP 34823 2166 13 finds find VBZ 34823 2166 14 between between IN 34823 2166 15 elastic elastic JJ 34823 2166 16 credit credit NN 34823 2166 17 instruments instrument NNS 34823 2166 18 and and CC 34823 2166 19 specie specie JJ 34823 2166 20 , , , 34823 2166 21 and and CC 34823 2166 22 to to TO 34823 2166 23 see see VB 34823 2166 24 how how WRB 34823 2166 25 far far RB 34823 2166 26 they -PRON- PRP 34823 2166 27 would would MD 34823 2166 28 go go VB 34823 2166 29 , , , 34823 2166 30 not not RB 34823 2166 31 in in IN 34823 2166 32 proving prove VBG 34823 2166 33 Taussig Taussig NNP 34823 2166 34 's 's POS 34823 2166 35 point point NN 34823 2166 36 ( ( -LRB- 34823 2166 37 with with IN 34823 2166 38 which which WDT 34823 2166 39 I -PRON- PRP 34823 2166 40 have have VBP 34823 2166 41 little little JJ 34823 2166 42 quarrel quarrel NN 34823 2166 43 ) ) -RRB- 34823 2166 44 but but CC 34823 2166 45 in in IN 34823 2166 46 proving prove VBG 34823 2166 47 Fisher Fisher NNP 34823 2166 48 's 's POS 34823 2166 49 contentions contention NNS 34823 2166 50 . . . 34823 2167 1 The the DT 34823 2167 2 points point NNS 34823 2167 3 involved involve VBN 34823 2167 4 are be VBP 34823 2167 5 : : : 34823 2167 6 ( ( -LRB- 34823 2167 7 a a LS 34823 2167 8 ) ) -RRB- 34823 2167 9 _ _ NNP 34823 2167 10 Direct Direct NNP 34823 2167 11 necessity necessity NN 34823 2167 12 _ _ NNP 34823 2167 13 constrains constrain VBZ 34823 2167 14 the the DT 34823 2167 15 bankers banker NNS 34823 2167 16 to to TO 34823 2167 17 keep keep VB 34823 2167 18 _ _ NNP 34823 2167 19 some some DT 34823 2167 20 _ _ NNP 34823 2167 21 cash cash NN 34823 2167 22 on on IN 34823 2167 23 hand hand NN 34823 2167 24 . . . 34823 2168 1 [ [ -LRB- 34823 2168 2 182 182 CD 34823 2168 3 ] ] -RRB- 34823 2168 4 This this DT 34823 2168 5 fixes fix VBZ 34823 2168 6 a a DT 34823 2168 7 _ _ NNP 34823 2168 8 minimum minimum JJ 34823 2168 9 limit limit NN 34823 2168 10 _ _ NNP 34823 2168 11 ( ( -LRB- 34823 2168 12 Taussig Taussig NNP 34823 2168 13 's 's POS 34823 2168 14 contention contention NN 34823 2168 15 ) ) -RRB- 34823 2168 16 , , , 34823 2168 17 but but CC 34823 2168 18 does do VBZ 34823 2168 19 not not RB 34823 2168 20 at at RB 34823 2168 21 all all RB 34823 2168 22 suggest suggest VB 34823 2168 23 a a DT 34823 2168 24 " " `` 34823 2168 25 normal normal JJ 34823 2168 26 ratio ratio NN 34823 2168 27 " " '' 34823 2168 28 ( ( -LRB- 34823 2168 29 Fisher Fisher NNP 34823 2168 30 's 's POS 34823 2168 31 contention contention NN 34823 2168 32 ) ) -RRB- 34823 2168 33 . . . 34823 2169 1 ( ( -LRB- 34823 2169 2 b b NN 34823 2169 3 ) ) -RRB- 34823 2169 4 _ _ NNP 34823 2169 5 Binding Binding NNP 34823 2169 6 custom custom NN 34823 2169 7 _ _ NNP 34823 2169 8 , , , 34823 2169 9 as as IN 34823 2169 10 to to IN 34823 2169 11 the the DT 34823 2169 12 proper proper JJ 34823 2169 13 amount amount NN 34823 2169 14 of of IN 34823 2169 15 reserve reserve NN 34823 2169 16 that that IN 34823 2169 17 banks bank NNS 34823 2169 18 should should MD 34823 2169 19 carry carry VB 34823 2169 20 , , , 34823 2169 21 particularly particularly RB 34823 2169 22 important important JJ 34823 2169 23 in in IN 34823 2169 24 connection connection NN 34823 2169 25 with with IN 34823 2169 26 the the DT 34823 2169 27 Bank Bank NNP 34823 2169 28 of of IN 34823 2169 29 England England NNP 34823 2169 30 , , , 34823 2169 31 but but CC 34823 2169 32 also also RB 34823 2169 33 in in IN 34823 2169 34 evidence evidence NN 34823 2169 35 in in IN 34823 2169 36 the the DT 34823 2169 37 Banque Banque NNP 34823 2169 38 de de NNP 34823 2169 39 France France NNP 34823 2169 40 and and CC 34823 2169 41 the the DT 34823 2169 42 Reichsbank Reichsbank NNP 34823 2169 43 . . . 34823 2170 1 Here here RB 34823 2170 2 again again RB 34823 2170 3 , , , 34823 2170 4 however however RB 34823 2170 5 , , , 34823 2170 6 minimal minimal JJ 34823 2170 7 , , , 34823 2170 8 rather rather RB 34823 2170 9 than than IN 34823 2170 10 fixed fix VBN 34823 2170 11 , , , 34823 2170 12 ratios ratio NNS 34823 2170 13 are be VBP 34823 2170 14 suggested suggest VBN 34823 2170 15 . . . 34823 2171 1 Limitations limitation NNS 34823 2171 2 on on IN 34823 2171 3 the the DT 34823 2171 4 _ _ NNP 34823 2171 5 expansion expansion NN 34823 2171 6 _ _ NNP 34823 2171 7 of of IN 34823 2171 8 credit credit NN 34823 2171 9 these these DT 34823 2171 10 customs custom NNS 34823 2171 11 may may MD 34823 2171 12 impose impose VB 34823 2171 13 , , , 34823 2171 14 but but CC 34823 2171 15 they -PRON- PRP 34823 2171 16 by by IN 34823 2171 17 no no DT 34823 2171 18 means means NN 34823 2171 19 determine determine VB 34823 2171 20 a a DT 34823 2171 21 normal normal JJ 34823 2171 22 , , , 34823 2171 23 or or CC 34823 2171 24 average average JJ 34823 2171 25 amount amount NN 34823 2171 26 of of IN 34823 2171 27 credit credit NN 34823 2171 28 expansion expansion NN 34823 2171 29 -- -- : 34823 2171 30 in in IN 34823 2171 31 England England NNP 34823 2171 32 least least JJS 34823 2171 33 of of IN 34823 2171 34 all all DT 34823 2171 35 , , , 34823 2171 36 since since IN 34823 2171 37 there there EX 34823 2171 38 is be VBZ 34823 2171 39 so so RB 34823 2171 40 large large JJ 34823 2171 41 a a DT 34823 2171 42 flexible flexible JJ 34823 2171 43 element element NN 34823 2171 44 in in IN 34823 2171 45 the the DT 34823 2171 46 deposits deposit NNS 34823 2171 47 of of IN 34823 2171 48 the the DT 34823 2171 49 Joint Joint NNP 34823 2171 50 Stock Stock NNP 34823 2171 51 Banks Banks NNPS 34823 2171 52 , , , 34823 2171 53 whose whose WP$ 34823 2171 54 reserves reserve NNS 34823 2171 55 are be VBP 34823 2171 56 largely largely RB 34823 2171 57 secret secret JJ 34823 2171 58 . . . 34823 2172 1 The the DT 34823 2172 2 statement statement NN 34823 2172 3 _ _ NNP 34823 2172 4 supra supra NNP 34823 2172 5 _ _ NNP 34823 2172 6 quoted quote VBD 34823 2172 7 from from IN 34823 2172 8 Keynes Keynes NNP 34823 2172 9 , , , 34823 2172 10 together together RB 34823 2172 11 with with IN 34823 2172 12 the the DT 34823 2172 13 testimony testimony NN 34823 2172 14 of of IN 34823 2172 15 European european JJ 34823 2172 16 bankers banker NNS 34823 2172 17 , , , 34823 2172 18 may may MD 34823 2172 19 be be VB 34823 2172 20 considered consider VBN 34823 2172 21 in in IN 34823 2172 22 connection connection NN 34823 2172 23 with with IN 34823 2172 24 this this DT 34823 2172 25 point point NN 34823 2172 26 , , , 34823 2172 27 also also RB 34823 2172 28 , , , 34823 2172 29 as as IN 34823 2172 30 to to IN 34823 2172 31 the the DT 34823 2172 32 factors factor NNS 34823 2172 33 determining determine VBG 34823 2172 34 the the DT 34823 2172 35 reserve reserve NN 34823 2172 36 policies policy NNS 34823 2172 37 of of IN 34823 2172 38 the the DT 34823 2172 39 great great JJ 34823 2172 40 European european JJ 34823 2172 41 banks bank NNS 34823 2172 42 . . . 34823 2173 1 The the DT 34823 2173 2 extent extent NN 34823 2173 3 to to TO 34823 2173 4 which which WDT 34823 2173 5 custom custom NN 34823 2173 6 really really RB 34823 2173 7 binds bind VBZ 34823 2173 8 is be VBZ 34823 2173 9 doubtful doubtful JJ 34823 2173 10 . . . 34823 2174 1 ( ( -LRB- 34823 2174 2 c c NN 34823 2174 3 ) ) -RRB- 34823 2174 4 _ _ NNP 34823 2174 5 Direct direct JJ 34823 2174 6 regulation regulation NN 34823 2174 7 by by IN 34823 2174 8 law law NN 34823 2174 9 _ _ NNP 34823 2174 10 , , , 34823 2174 11 peculiar peculiar JJ 34823 2174 12 to to IN 34823 2174 13 the the DT 34823 2174 14 United United NNP 34823 2174 15 States States NNP 34823 2174 16 . . . 34823 2175 1 Here here RB 34823 2175 2 again again RB 34823 2175 3 , , , 34823 2175 4 a a DT 34823 2175 5 minimum minimum NN 34823 2175 6 , , , 34823 2175 7 rather rather RB 34823 2175 8 than than IN 34823 2175 9 a a DT 34823 2175 10 fixed fix VBN 34823 2175 11 ratio ratio NN 34823 2175 12 , , , 34823 2175 13 is be VBZ 34823 2175 14 indicated indicate VBN 34823 2175 15 . . . 34823 2176 1 Some some DT 34823 2176 2 _ _ NNP 34823 2176 3 limitation limitation NN 34823 2176 4 _ _ NNP 34823 2176 5 on on IN 34823 2176 6 credit credit NN 34823 2176 7 expansion expansion NN 34823 2176 8 by by IN 34823 2176 9 the the DT 34823 2176 10 banks bank NNS 34823 2176 11 is be VBZ 34823 2176 12 caused cause VBN 34823 2176 13 by by IN 34823 2176 14 this this DT 34823 2176 15 at at IN 34823 2176 16 times time NNS 34823 2176 17 , , , 34823 2176 18 but but CC 34823 2176 19 Fisher Fisher NNP 34823 2176 20 's 's POS 34823 2176 21 argument argument NN 34823 2176 22 would would MD 34823 2176 23 require require VB 34823 2176 24 vastly vastly RB 34823 2176 25 more more JJR 34823 2176 26 . . . 34823 2177 1 ( ( -LRB- 34823 2177 2 d d NNP 34823 2177 3 ) ) -RRB- 34823 2177 4 _ _ NNP 34823 2177 5 The the DT 34823 2177 6 interaction interaction NN 34823 2177 7 in in IN 34823 2177 8 the the DT 34823 2177 9 use use NN 34823 2177 10 of of IN 34823 2177 11 deposits deposit NNS 34823 2177 12 , , , 34823 2177 13 notes note NNS 34823 2177 14 , , , 34823 2177 15 and and CC 34823 2177 16 other other JJ 34823 2177 17 constituents constituent NNS 34823 2177 18 in in IN 34823 2177 19 the the DT 34823 2177 20 circulating circulate VBG 34823 2177 21 medium medium NN 34823 2177 22 . . . 34823 2177 23 _ _ NNP 34823 2177 24 The the DT 34823 2177 25 point point NN 34823 2177 26 involved involve VBN 34823 2177 27 here here RB 34823 2177 28 is be VBZ 34823 2177 29 that that IN 34823 2177 30 different different JJ 34823 2177 31 kinds kind NNS 34823 2177 32 of of IN 34823 2177 33 business business NN 34823 2177 34 call call NN 34823 2177 35 for for IN 34823 2177 36 different different JJ 34823 2177 37 kind kind NN 34823 2177 38 of of IN 34823 2177 39 media medium NNS 34823 2177 40 . . . 34823 2178 1 Small small JJ 34823 2178 2 retail retail JJ 34823 2178 3 business business NN 34823 2178 4 is be VBZ 34823 2178 5 not not RB 34823 2178 6 done do VBN 34823 2178 7 with with IN 34823 2178 8 hundred hundred CD 34823 2178 9 dollar dollar NN 34823 2178 10 bills bill NNS 34823 2178 11 , , , 34823 2178 12 nor nor CC 34823 2178 13 are be VBP 34823 2178 14 stocks stock NNS 34823 2178 15 and and CC 34823 2178 16 bonds bond NNS 34823 2178 17 bought buy VBN 34823 2178 18 with with IN 34823 2178 19 pennies penny NNS 34823 2178 20 . . . 34823 2179 1 Limiting limit VBG 34823 2179 2 the the DT 34823 2179 3 size size NN 34823 2179 4 of of IN 34823 2179 5 bank bank NN 34823 2179 6 - - HYPH 34823 2179 7 notes note NNS 34823 2179 8 to to IN 34823 2179 9 five five CD 34823 2179 10 pounds pound NNS 34823 2179 11 in in IN 34823 2179 12 England England NNP 34823 2179 13 compels compel VBZ 34823 2179 14 the the DT 34823 2179 15 use use NN 34823 2179 16 of of IN 34823 2179 17 a a DT 34823 2179 18 large large JJ 34823 2179 19 amount amount NN 34823 2179 20 of of IN 34823 2179 21 gold gold NN 34823 2179 22 for for IN 34823 2179 23 smaller small JJR 34823 2179 24 transactions transaction NNS 34823 2179 25 , , , 34823 2179 26 and and CC 34823 2179 27 keeps keep VBZ 34823 2179 28 a a DT 34823 2179 29 larger large JJR 34823 2179 30 amount amount NN 34823 2179 31 of of IN 34823 2179 32 gold gold NN 34823 2179 33 in in IN 34823 2179 34 use use NN 34823 2179 35 than than IN 34823 2179 36 would would MD 34823 2179 37 otherwise otherwise RB 34823 2179 38 be be VB 34823 2179 39 the the DT 34823 2179 40 case case NN 34823 2179 41 . . . 34823 2180 1 Expanding expand VBG 34823 2180 2 business business NN 34823 2180 3 draws draw VBZ 34823 2180 4 cash cash NN 34823 2180 5 from from IN 34823 2180 6 the the DT 34823 2180 7 banks bank NNS 34823 2180 8 for for IN 34823 2180 9 circulation circulation NN 34823 2180 10 , , , 34823 2180 11 trenching trench VBG 34823 2180 12 on on IN 34823 2180 13 reserves reserve NNS 34823 2180 14 . . . 34823 2181 1 That that IN 34823 2181 2 Professor Professor NNP 34823 2181 3 Taussig Taussig NNP 34823 2181 4 has have VBZ 34823 2181 5 a a DT 34823 2181 6 point point NN 34823 2181 7 here here RB 34823 2181 8 is be VBZ 34823 2181 9 not not RB 34823 2181 10 to to TO 34823 2181 11 be be VB 34823 2181 12 doubted doubt VBN 34823 2181 13 , , , 34823 2181 14 but but CC 34823 2181 15 how how WRB 34823 2181 16 closely closely RB 34823 2181 17 it -PRON- PRP 34823 2181 18 limits limit VBZ 34823 2181 19 the the DT 34823 2181 20 expansion expansion NN 34823 2181 21 of of IN 34823 2181 22 credit credit NN 34823 2181 23 will will MD 34823 2181 24 depend depend VB 34823 2181 25 on on IN 34823 2181 26 the the DT 34823 2181 27 degree degree NN 34823 2181 28 to to TO 34823 2181 29 which which WDT 34823 2181 30 different different JJ 34823 2181 31 kinds kind NNS 34823 2181 32 of of IN 34823 2181 33 media medium NNS 34823 2181 34 of of IN 34823 2181 35 exchange exchange NN 34823 2181 36 really really RB 34823 2181 37 _ _ NNP 34823 2181 38 are be VBP 34823 2181 39 _ _ NNP 34823 2181 40 thus thus RB 34823 2181 41 specialized specialize VBN 34823 2181 42 . . . 34823 2182 1 In in IN 34823 2182 2 a a DT 34823 2182 3 country country NN 34823 2182 4 like like IN 34823 2182 5 the the DT 34823 2182 6 United United NNP 34823 2182 7 States States NNP 34823 2182 8 , , , 34823 2182 9 where where WRB 34823 2182 10 checks check NNS 34823 2182 11 may may MD 34823 2182 12 be be VB 34823 2182 13 used use VBN 34823 2182 14 for for IN 34823 2182 15 virtually virtually RB 34823 2182 16 any any DT 34823 2182 17 transaction transaction NN 34823 2182 18 of of IN 34823 2182 19 over over IN 34823 2182 20 a a DT 34823 2182 21 dollar dollar NN 34823 2182 22 , , , 34823 2182 23 and and CC 34823 2182 24 where where WRB 34823 2182 25 small small JJ 34823 2182 26 change change NN 34823 2182 27 for for IN 34823 2182 28 less less JJR 34823 2182 29 than than IN 34823 2182 30 a a DT 34823 2182 31 dollar dollar NN 34823 2182 32 will will MD 34823 2182 33 be be VB 34823 2182 34 increased increase VBN 34823 2182 35 by by IN 34823 2182 36 the the DT 34823 2182 37 Government Government NNP 34823 2182 38 to to TO 34823 2182 39 meet meet VB 34823 2182 40 the the DT 34823 2182 41 demands demand NNS 34823 2182 42 of of IN 34823 2182 43 trade trade NN 34823 2182 44 , , , 34823 2182 45 the the DT 34823 2182 46 point point NN 34823 2182 47 would would MD 34823 2182 48 not not RB 34823 2182 49 seem seem VB 34823 2182 50 to to TO 34823 2182 51 involve involve VB 34823 2182 52 a a DT 34823 2182 53 practically practically RB 34823 2182 54 serious serious JJ 34823 2182 55 limitation limitation NN 34823 2182 56 . . . 34823 2183 1 Finally finally RB 34823 2183 2 , , , 34823 2183 3 Professor Professor NNP 34823 2183 4 Taussig Taussig NNP 34823 2183 5 recognizes recognize VBZ 34823 2183 6 a a DT 34823 2183 7 coefficient coefficient NN 34823 2183 8 with with IN 34823 2183 9 the the DT 34823 2183 10 quantity quantity NN 34823 2183 11 of of IN 34823 2183 12 specie specie NN 34823 2183 13 in in IN 34823 2183 14 the the DT 34823 2183 15 _ _ NNP 34823 2183 16 temper temper NN 34823 2183 17 of of IN 34823 2183 18 the the DT 34823 2183 19 business business NN 34823 2183 20 community community NN 34823 2183 21 _ _ NNP 34823 2183 22 . . . 34823 2184 1 Whether whether IN 34823 2184 2 or or CC 34823 2184 3 not not RB 34823 2184 4 deposits deposit NNS 34823 2184 5 are be VBP 34823 2184 6 to to TO 34823 2184 7 expand expand VB 34823 2184 8 , , , 34823 2184 9 depends depend VBZ 34823 2184 10 not not RB 34823 2184 11 only only RB 34823 2184 12 on on IN 34823 2184 13 reserves reserve NNS 34823 2184 14 , , , 34823 2184 15 but but CC 34823 2184 16 also also RB 34823 2184 17 on on IN 34823 2184 18 the the DT 34823 2184 19 attitude attitude NN 34823 2184 20 of of IN 34823 2184 21 borrowers borrower NNS 34823 2184 22 . . . 34823 2185 1 Taussig Taussig NNP 34823 2185 2 concludes conclude VBZ 34823 2185 3 : : : 34823 2185 4 " " `` 34823 2185 5 Thus thus RB 34823 2185 6 there there EX 34823 2185 7 is be VBZ 34823 2185 8 only only RB 34823 2185 9 a a DT 34823 2185 10 rough rough JJ 34823 2185 11 and and CC 34823 2185 12 uncertain uncertain JJ 34823 2185 13 correspondence correspondence NN 34823 2185 14 of of IN 34823 2185 15 bank bank NN 34823 2185 16 expansion expansion NN 34823 2185 17 with with IN 34823 2185 18 bank bank NN 34823 2185 19 reserves reserve NNS 34823 2185 20 ; ; : 34823 2185 21 much much JJ 34823 2185 22 play play NN 34823 2185 23 for for IN 34823 2185 24 ups up NNS 34823 2185 25 and and CC 34823 2185 26 downs down NNS 34823 2185 27 which which WDT 34823 2185 28 have have VBP 34823 2185 29 no no DT 34823 2185 30 close close JJ 34823 2185 31 relation relation NN 34823 2185 32 to to IN 34823 2185 33 the the DT 34823 2185 34 amount amount NN 34823 2185 35 of of IN 34823 2185 36 cash cash NN 34823 2185 37 in in IN 34823 2185 38 bank bank NN 34823 2185 39 vaults vault NNS 34823 2185 40 , , , 34823 2185 41 _ _ NNP 34823 2185 42 and and CC 34823 2185 43 still still RB 34823 2185 44 less less RBR 34823 2185 45 direct direct JJ 34823 2185 46 relation relation NN 34823 2185 47 to to IN 34823 2185 48 the the DT 34823 2185 49 amount amount NN 34823 2185 50 of of IN 34823 2185 51 money money NN 34823 2185 52 afloat afloat RB 34823 2185 53 in in IN 34823 2185 54 the the DT 34823 2185 55 community community NN 34823 2185 56 at at IN 34823 2185 57 large large JJ 34823 2185 58 _ _ NNP 34823 2185 59 . . . 34823 2186 1 Where where WRB 34823 2186 2 bank bank NN 34823 2186 3 media medium NNS 34823 2186 4 , , , 34823 2186 5 whether whether IN 34823 2186 6 in in IN 34823 2186 7 the the DT 34823 2186 8 form form NN 34823 2186 9 of of IN 34823 2186 10 deposits deposit NNS 34823 2186 11 or or CC 34823 2186 12 notes note NNS 34823 2186 13 , , , 34823 2186 14 are be VBP 34823 2186 15 an an DT 34823 2186 16 important important JJ 34823 2186 17 part part NN 34823 2186 18 of of IN 34823 2186 19 total total JJ 34823 2186 20 purchasing purchasing NN 34823 2186 21 power power NN 34823 2186 22 , , , 34823 2186 23 the the DT 34823 2186 24 connection connection NN 34823 2186 25 between between IN 34823 2186 26 general general JJ 34823 2186 27 prices price NNS 34823 2186 28 and and CC 34823 2186 29 quantity quantity NN 34823 2186 30 of of IN 34823 2186 31 ' ' `` 34823 2186 32 money money NN 34823 2186 33 ' ' '' 34823 2186 34 is be VBZ 34823 2186 35 irregular irregular JJ 34823 2186 36 and and CC 34823 2186 37 uncertain uncertain JJ 34823 2186 38 . . . 34823 2186 39 " " '' 34823 2187 1 ( ( -LRB- 34823 2187 2 Italics Italics NNP 34823 2187 3 mine mine NN 34823 2187 4 . . . 34823 2187 5 ) ) -RRB- 34823 2188 1 This this DT 34823 2188 2 conclusion conclusion NN 34823 2188 3 would would MD 34823 2188 4 be be VB 34823 2188 5 of of IN 34823 2188 6 little little JJ 34823 2188 7 service service NN 34823 2188 8 in in IN 34823 2188 9 supporting support VBG 34823 2188 10 Fisher Fisher NNP 34823 2188 11 's 's POS 34823 2188 12 rigorous rigorous JJ 34823 2188 13 contentions contention NNS 34823 2188 14 ! ! . 34823 2189 1 Our -PRON- PRP$ 34823 2189 2 constructive constructive JJ 34823 2189 3 theory theory NN 34823 2189 4 concerning concern VBG 34823 2189 5 the the DT 34823 2189 6 relations relation NNS 34823 2189 7 of of IN 34823 2189 8 reserves reserve NNS 34823 2189 9 and and CC 34823 2189 10 deposits deposit NNS 34823 2189 11 , , , 34823 2189 12 or or CC 34823 2189 13 reserves reserve NNS 34823 2189 14 and and CC 34823 2189 15 demand demand NN 34823 2189 16 liabilities liability NNS 34823 2189 17 , , , 34823 2189 18 must must MD 34823 2189 19 wait wait VB 34823 2189 20 for for IN 34823 2189 21 later later JJ 34823 2189 22 discussion discussion NN 34823 2189 23 , , , 34823 2189 24 in in IN 34823 2189 25 the the DT 34823 2189 26 chapter chapter NN 34823 2189 27 on on IN 34823 2189 28 " " `` 34823 2189 29 Bank Bank NNP 34823 2189 30 Assets Assets NNPS 34823 2189 31 and and CC 34823 2189 32 Bank Bank NNP 34823 2189 33 Reserves Reserves NNPS 34823 2189 34 " " '' 34823 2189 35 in in IN 34823 2189 36 Part Part NNP 34823 2189 37 III III NNP 34823 2189 38 . . . 34823 2190 1 It -PRON- PRP 34823 2190 2 will will MD 34823 2190 3 there there EX 34823 2190 4 be be VB 34823 2190 5 maintained maintain VBN 34823 2190 6 that that IN 34823 2190 7 there there EX 34823 2190 8 are be VBP 34823 2190 9 no no DT 34823 2190 10 " " `` 34823 2190 11 normal normal JJ 34823 2190 12 " " '' 34823 2190 13 or or CC 34823 2190 14 " " `` 34823 2190 15 static static JJ 34823 2190 16 " " '' 34823 2190 17 laws law NNS 34823 2190 18 governing govern VBG 34823 2190 19 the the DT 34823 2190 20 percentage percentage NN 34823 2190 21 of of IN 34823 2190 22 reserves reserve NNS 34823 2190 23 to to TO 34823 2190 24 demand demand VB 34823 2190 25 liabilities liability NNS 34823 2190 26 , , , 34823 2190 27 or or CC 34823 2190 28 to to IN 34823 2190 29 deposits deposit NNS 34823 2190 30 , , , 34823 2190 31 that that IN 34823 2190 32 the the DT 34823 2190 33 reserve reserve NN 34823 2190 34 function function NN 34823 2190 35 of of IN 34823 2190 36 money money NN 34823 2190 37 is be VBZ 34823 2190 38 a a DT 34823 2190 39 _ _ NNP 34823 2190 40 dynamic dynamic JJ 34823 2190 41 _ _ NNP 34823 2190 42 function function NN 34823 2190 43 , , , 34823 2190 44 and and CC 34823 2190 45 that that IN 34823 2190 46 its -PRON- PRP$ 34823 2190 47 whole whole JJ 34823 2190 48 explanation explanation NN 34823 2190 49 must must MD 34823 2190 50 be be VB 34823 2190 51 found find VBN 34823 2190 52 in in IN 34823 2190 53 dynamic dynamic JJ 34823 2190 54 considerations consideration NNS 34823 2190 55 . . . 34823 2191 1 For for IN 34823 2191 2 the the DT 34823 2191 3 present present NN 34823 2191 4 , , , 34823 2191 5 I -PRON- PRP 34823 2191 6 am be VBP 34823 2191 7 content content JJ 34823 2191 8 to to TO 34823 2191 9 have have VB 34823 2191 10 analyzed analyze VBN 34823 2191 11 two two CD 34823 2191 12 widely widely RB 34823 2191 13 divergent divergent JJ 34823 2191 14 views view NNS 34823 2191 15 , , , 34823 2191 16 one one CD 34823 2191 17 the the DT 34823 2191 18 extreme extreme JJ 34823 2191 19 view view NN 34823 2191 20 of of IN 34823 2191 21 Professor Professor NNP 34823 2191 22 Fisher Fisher NNP 34823 2191 23 , , , 34823 2191 24 representing represent VBG 34823 2191 25 the the DT 34823 2191 26 quantity quantity NN 34823 2191 27 theory theory NN 34823 2191 28 in in IN 34823 2191 29 its -PRON- PRP$ 34823 2191 30 utmost utmost JJ 34823 2191 31 rigor rigor NN 34823 2191 32 , , , 34823 2191 33 and and CC 34823 2191 34 the the DT 34823 2191 35 other other JJ 34823 2191 36 , , , 34823 2191 37 the the DT 34823 2191 38 view view NN 34823 2191 39 of of IN 34823 2191 40 Professor Professor NNP 34823 2191 41 Taussig Taussig NNP 34823 2191 42 , , , 34823 2191 43 who who WP 34823 2191 44 virtually virtually RB 34823 2191 45 surrenders surrender VBZ 34823 2191 46 the the DT 34823 2191 47 quantity quantity NN 34823 2191 48 theory theory NN 34823 2191 49 in in IN 34823 2191 50 complex complex JJ 34823 2191 51 modern modern JJ 34823 2191 52 conditions condition NNS 34823 2191 53 . . . 34823 2192 1 In in IN 34823 2192 2 between between IN 34823 2192 3 these these DT 34823 2192 4 two two CD 34823 2192 5 writers writer NNS 34823 2192 6 , , , 34823 2192 7 verging verge VBG 34823 2192 8 more more JJR 34823 2192 9 toward toward IN 34823 2192 10 Fisher Fisher NNP 34823 2192 11 than than IN 34823 2192 12 toward toward IN 34823 2192 13 Taussig Taussig NNS 34823 2192 14 , , , 34823 2192 15 will will MD 34823 2192 16 be be VB 34823 2192 17 found find VBN 34823 2192 18 , , , 34823 2192 19 with with IN 34823 2192 20 great great JJ 34823 2192 21 individual individual JJ 34823 2192 22 variation variation NN 34823 2192 23 , , , 34823 2192 24 the the DT 34823 2192 25 rest rest NN 34823 2192 26 of of IN 34823 2192 27 the the DT 34823 2192 28 quantity quantity NN 34823 2192 29 theorists theorist NNS 34823 2192 30 . . . 34823 2193 1 The the DT 34823 2193 2 quantity quantity NN 34823 2193 3 theory theory NN 34823 2193 4 , , , 34823 2193 5 as as IN 34823 2193 6 an an DT 34823 2193 7 instrument instrument NN 34823 2193 8 of of IN 34823 2193 9 prediction prediction NN 34823 2193 10 , , , 34823 2193 11 becomes become VBZ 34823 2193 12 important important JJ 34823 2193 13 only only RB 34823 2193 14 to to IN 34823 2193 15 the the DT 34823 2193 16 extent extent NN 34823 2193 17 that that IN 34823 2193 18 Fisher Fisher NNP 34823 2193 19 's 's POS 34823 2193 20 view view NN 34823 2193 21 is be VBZ 34823 2193 22 maintained maintain VBN 34823 2193 23 . . . 34823 2194 1 CHAPTER chapter NN 34823 2194 2 X X NNP 34823 2194 3 " " `` 34823 2194 4 NORMAL NORMAL NNP 34823 2194 5 " " '' 34823 2194 6 VS VS NNP 34823 2194 7 . . . 34823 2194 8 " " '' 34823 2194 9 TRANSITIONAL TRANSITIONAL NNP 34823 2194 10 " " '' 34823 2194 11 TENDENCIES tendencies NN 34823 2194 12 The the DT 34823 2194 13 Quantity quantity NN 34823 2194 14 Theory theory NN 34823 2194 15 , , , 34823 2194 16 as as IN 34823 2194 17 a a DT 34823 2194 18 causal causal JJ 34823 2194 19 theory theory NN 34823 2194 20 , , , 34823 2194 21 is be VBZ 34823 2194 22 , , , 34823 2194 23 then then RB 34823 2194 24 , , , 34823 2194 25 little little JJ 34823 2194 26 altered alter VBN 34823 2194 27 by by IN 34823 2194 28 the the DT 34823 2194 29 passage passage NN 34823 2194 30 from from IN 34823 2194 31 a a DT 34823 2194 32 hypothetical hypothetical JJ 34823 2194 33 , , , 34823 2194 34 creditless creditless NN 34823 2194 35 economy economy NN 34823 2194 36 to to IN 34823 2194 37 the the DT 34823 2194 38 actual actual JJ 34823 2194 39 world world NN 34823 2194 40 , , , 34823 2194 41 where where WRB 34823 2194 42 a a DT 34823 2194 43 vast vast JJ 34823 2194 44 deal deal NN 34823 2194 45 of of IN 34823 2194 46 credit credit NN 34823 2194 47 is be VBZ 34823 2194 48 used,--particularly used,--particularly JJ 34823 2194 49 in in IN 34823 2194 50 Professor Professor NNP 34823 2194 51 Fisher Fisher NNP 34823 2194 52 's 's POS 34823 2194 53 hands hand NNS 34823 2194 54 . . . 34823 2195 1 Of of IN 34823 2195 2 the the DT 34823 2195 3 different different JJ 34823 2195 4 kinds kind NNS 34823 2195 5 of of IN 34823 2195 6 credit credit NN 34823 2195 7 , , , 34823 2195 8 only only RB 34823 2195 9 deposits deposit NNS 34823 2195 10 subject subject JJ 34823 2195 11 to to IN 34823 2195 12 check check NN 34823 2195 13 are be VBP 34823 2195 14 recognized recognize VBN 34823 2195 15 as as IN 34823 2195 16 directly directly RB 34823 2195 17 influencing influence VBG 34823 2195 18 prices price NNS 34823 2195 19 , , , 34823 2195 20 and and CC 34823 2195 21 deposits deposit NNS 34823 2195 22 subject subject JJ 34823 2195 23 to to IN 34823 2195 24 check check NN 34823 2195 25 are be VBP 34823 2195 26 controlled control VBN 34823 2195 27 by by IN 34823 2195 28 the the DT 34823 2195 29 volume volume NN 34823 2195 30 of of IN 34823 2195 31 money money NN 34823 2195 32 . . . 34823 2196 1 The the DT 34823 2196 2 causal causal NN 34823 2196 3 theory[183 theory[183 NN 34823 2196 4 ] ] -RRB- 34823 2196 5 remains remain VBZ 34823 2196 6 , , , 34823 2196 7 then then RB 34823 2196 8 , , , 34823 2196 9 as as IN 34823 2196 10 follows follow VBZ 34823 2196 11 : : : 34823 2196 12 if if IN 34823 2196 13 M M NNP 34823 2196 14 be be VB 34823 2196 15 increased increase VBN 34823 2196 16 , , , 34823 2196 17 it -PRON- PRP 34823 2196 18 will will MD 34823 2196 19 increase increase VB 34823 2196 20 M M NNP 34823 2196 21 ´ ´ CD 34823 2196 22 proportionately proportionately RB 34823 2196 23 ; ; : 34823 2196 24 it -PRON- PRP 34823 2196 25 will will MD 34823 2196 26 not not RB 34823 2196 27 change change VB 34823 2196 28 the the DT 34823 2196 29 V v NN 34823 2196 30 's 's POS 34823 2196 31 ; ; : 34823 2196 32 it -PRON- PRP 34823 2196 33 can can MD 34823 2196 34 not not RB 34823 2196 35 increase increase VB 34823 2196 36 T T NNP 34823 2196 37 ; ; : 34823 2196 38 to to TO 34823 2196 39 keep keep VB 34823 2196 40 the the DT 34823 2196 41 equation equation NN 34823 2196 42 straight straight RB 34823 2196 43 , , , 34823 2196 44 therefore therefore RB 34823 2196 45 , , , 34823 2196 46 P p PRP 34823 2196 47 must must MD 34823 2196 48 rise rise VB 34823 2196 49 in in IN 34823 2196 50 proportion proportion NN 34823 2196 51 to to IN 34823 2196 52 the the DT 34823 2196 53 rise rise NN 34823 2196 54 in in IN 34823 2196 55 M. M. NNP 34823 2196 56 A A NNP 34823 2196 57 decrease decrease NN 34823 2196 58 of of IN 34823 2196 59 M M NNP 34823 2196 60 , , , 34823 2196 61 reducing reduce VBG 34823 2196 62 M M NNP 34823 2196 63 ´ ´ NNP 34823 2196 64 proportionately proportionately RB 34823 2196 65 , , , 34823 2196 66 leaving leave VBG 34823 2196 67 V V NNP 34823 2196 68 's 's POS 34823 2196 69 and and CC 34823 2196 70 T T NNP 34823 2196 71 unchanged unchanged JJ 34823 2196 72 , , , 34823 2196 73 must must MD 34823 2196 74 proportionately proportionately RB 34823 2196 75 reduce reduce VB 34823 2196 76 P. P. NNP 34823 2196 77 P p NN 34823 2196 78 is be VBZ 34823 2196 79 passive passive JJ 34823 2196 80 . . . 34823 2197 1 A a DT 34823 2197 2 change change NN 34823 2197 3 in in IN 34823 2197 4 P p NN 34823 2197 5 can can MD 34823 2197 6 not not RB 34823 2197 7 sustain sustain VB 34823 2197 8 itself -PRON- PRP 34823 2197 9 , , , 34823 2197 10 unless unless IN 34823 2197 11 it -PRON- PRP 34823 2197 12 be be VB 34823 2197 13 due due JJ 34823 2197 14 to to IN 34823 2197 15 a a DT 34823 2197 16 prior prior JJ 34823 2197 17 change change NN 34823 2197 18 in in IN 34823 2197 19 T t NN 34823 2197 20 , , , 34823 2197 21 the the DT 34823 2197 22 V V NNP 34823 2197 23 's 's POS 34823 2197 24 , , , 34823 2197 25 M M NNP 34823 2197 26 or or CC 34823 2197 27 M M NNP 34823 2197 28 ´ ´ CD 34823 2197 29 . . . 34823 2198 1 This this DT 34823 2198 2 theory theory NN 34823 2198 3 is be VBZ 34823 2198 4 set set VBN 34823 2198 5 forth forth RP 34823 2198 6 with with IN 34823 2198 7 the the DT 34823 2198 8 qualification qualification NN 34823 2198 9 that that WDT 34823 2198 10 these these DT 34823 2198 11 effects effect NNS 34823 2198 12 are be VBP 34823 2198 13 the the DT 34823 2198 14 " " `` 34823 2198 15 normal normal JJ 34823 2198 16 " " '' 34823 2198 17 effects effect NNS 34823 2198 18 of of IN 34823 2198 19 the the DT 34823 2198 20 changes change NNS 34823 2198 21 in in IN 34823 2198 22 question question NN 34823 2198 23 . . . 34823 2199 1 The the DT 34823 2199 2 proportion proportion NN 34823 2199 3 between between IN 34823 2199 4 quantity quantity NN 34823 2199 5 of of IN 34823 2199 6 money money NN 34823 2199 7 and and CC 34823 2199 8 price price NN 34823 2199 9 - - HYPH 34823 2199 10 level level NN 34823 2199 11 is be VBZ 34823 2199 12 not not RB 34823 2199 13 strictly strictly RB 34823 2199 14 maintained maintain VBN 34823 2199 15 during during IN 34823 2199 16 " " `` 34823 2199 17 transition transition NN 34823 2199 18 periods period NNS 34823 2199 19 . . . 34823 2199 20 " " '' 34823 2200 1 I -PRON- PRP 34823 2200 2 now now RB 34823 2200 3 approach approach VBP 34823 2200 4 the the DT 34823 2200 5 most most RBS 34823 2200 6 difficult difficult JJ 34823 2200 7 question question NN 34823 2200 8 which which WDT 34823 2200 9 I -PRON- PRP 34823 2200 10 shall shall MD 34823 2200 11 have have VB 34823 2200 12 to to TO 34823 2200 13 answer answer VB 34823 2200 14 as as IN 34823 2200 15 to to IN 34823 2200 16 the the DT 34823 2200 17 meaning meaning NN 34823 2200 18 of of IN 34823 2200 19 Fisher Fisher NNP 34823 2200 20 's 's POS 34823 2200 21 terms term NNS 34823 2200 22 . . . 34823 2201 1 The the DT 34823 2201 2 same same JJ 34823 2201 3 problem problem NN 34823 2201 4 arises arise VBZ 34823 2201 5 for for IN 34823 2201 6 all all DT 34823 2201 7 quantity quantity NN 34823 2201 8 theorists theorist NNS 34823 2201 9 . . . 34823 2202 1 Precisely precisely RB 34823 2202 2 what what WP 34823 2202 3 is be VBZ 34823 2202 4 the the DT 34823 2202 5 distinction distinction NN 34823 2202 6 between between IN 34823 2202 7 " " `` 34823 2202 8 transition transition NN 34823 2202 9 periods period NNS 34823 2202 10 " " '' 34823 2202 11 and and CC 34823 2202 12 " " `` 34823 2202 13 normal normal JJ 34823 2202 14 periods period NNS 34823 2202 15 " " '' 34823 2202 16 ? ? . 34823 2203 1 What what WDT 34823 2203 2 limitations limitation NNS 34823 2203 3 and and CC 34823 2203 4 qualifications qualification NNS 34823 2203 5 does do VBZ 34823 2203 6 he -PRON- PRP 34823 2203 7 admit admit VB 34823 2203 8 to to IN 34823 2203 9 the the DT 34823 2203 10 rigorous rigorous JJ 34823 2203 11 statement statement NN 34823 2203 12 of of IN 34823 2203 13 his -PRON- PRP$ 34823 2203 14 theory theory NN 34823 2203 15 so so RB 34823 2203 16 far far RB 34823 2203 17 given give VBN 34823 2203 18 ? ? . 34823 2204 1 I -PRON- PRP 34823 2204 2 may may MD 34823 2204 3 first first RB 34823 2204 4 express express VB 34823 2204 5 the the DT 34823 2204 6 opinion opinion NN 34823 2204 7 that that IN 34823 2204 8 the the DT 34823 2204 9 line line NN 34823 2204 10 shifts shift VBZ 34823 2204 11 greatly greatly RB 34823 2204 12 in in IN 34823 2204 13 his -PRON- PRP$ 34823 2204 14 own own JJ 34823 2204 15 mind mind NN 34823 2204 16 , , , 34823 2204 17 or or CC 34823 2204 18 at at IN 34823 2204 19 least least JJS 34823 2204 20 shifts shift NNS 34823 2204 21 greatly greatly RB 34823 2204 22 in in IN 34823 2204 23 the the DT 34823 2204 24 exposition exposition NN 34823 2204 25 . . . 34823 2205 1 I -PRON- PRP 34823 2205 2 do do VBP 34823 2205 3 not not RB 34823 2205 4 find find VB 34823 2205 5 an an DT 34823 2205 6 explicit explicit JJ 34823 2205 7 statement statement NN 34823 2205 8 in in IN 34823 2205 9 which which WDT 34823 2205 10 definitions definition NNS 34823 2205 11 are be VBP 34823 2205 12 given give VBN 34823 2205 13 . . . 34823 2206 1 The the DT 34823 2206 2 matter matter NN 34823 2206 3 is be VBZ 34823 2206 4 chiefly chiefly RB 34823 2206 5 discussed discuss VBN 34823 2206 6 by by IN 34823 2206 7 Fisher Fisher NNP 34823 2206 8 in in IN 34823 2206 9 ch ch NN 34823 2206 10 . . . 34823 2207 1 4,[184 4,[184 LS 34823 2207 2 ] ] -RRB- 34823 2207 3 which which WDT 34823 2207 4 is be VBZ 34823 2207 5 called call VBN 34823 2207 6 " " `` 34823 2207 7 Disturbance Disturbance NNP 34823 2207 8 of of IN 34823 2207 9 Equation Equation NNP 34823 2207 10 and and CC 34823 2207 11 of of IN 34823 2207 12 Purchasing Purchasing NNP 34823 2207 13 Power Power NNP 34823 2207 14 during during IN 34823 2207 15 Transition Transition NNP 34823 2207 16 Periods Periods NNP 34823 2207 17 . . . 34823 2207 18 " " '' 34823 2208 1 There there RB 34823 2208 2 we -PRON- PRP 34823 2208 3 find find VBP 34823 2208 4 , , , 34823 2208 5 as as IN 34823 2208 6 I -PRON- PRP 34823 2208 7 have have VBP 34823 2208 8 stated state VBN 34823 2208 9 , , , 34823 2208 10 no no DT 34823 2208 11 definitions definition NNS 34823 2208 12 , , , 34823 2208 13 but but CC 34823 2208 14 the the DT 34823 2208 15 initial initial JJ 34823 2208 16 statements statement NNS 34823 2208 17 would would MD 34823 2208 18 suggest suggest VB 34823 2208 19 the the DT 34823 2208 20 following follow VBG 34823 2208 21 : : : 34823 2208 22 a a DT 34823 2208 23 transition transition NN 34823 2208 24 period period NN 34823 2208 25 is be VBZ 34823 2208 26 the the DT 34823 2208 27 period period NN 34823 2208 28 following follow VBG 34823 2208 29 a a DT 34823 2208 30 change change NN 34823 2208 31 in in IN 34823 2208 32 any any DT 34823 2208 33 one one CD 34823 2208 34 of of IN 34823 2208 35 the the DT 34823 2208 36 factors factor NNS 34823 2208 37 in in IN 34823 2208 38 the the DT 34823 2208 39 equation equation NN 34823 2208 40 during during IN 34823 2208 41 which which WDT 34823 2208 42 a a DT 34823 2208 43 readjustment readjustment NN 34823 2208 44 among among IN 34823 2208 45 all all PDT 34823 2208 46 the the DT 34823 2208 47 others other NNS 34823 2208 48 is be VBZ 34823 2208 49 taking take VBG 34823 2208 50 place place NN 34823 2208 51 ; ; : 34823 2208 52 the the DT 34823 2208 53 normal normal JJ 34823 2208 54 period period NN 34823 2208 55 is be VBZ 34823 2208 56 the the DT 34823 2208 57 period period NN 34823 2208 58 preceding precede VBG 34823 2208 59 such such PDT 34823 2208 60 a a DT 34823 2208 61 change change NN 34823 2208 62 , , , 34823 2208 63 or or CC 34823 2208 64 following follow VBG 34823 2208 65 the the DT 34823 2208 66 transition transition NN 34823 2208 67 after after IN 34823 2208 68 such such PDT 34823 2208 69 a a DT 34823 2208 70 change change NN 34823 2208 71 , , , 34823 2208 72 and and CC 34823 2208 73 is be VBZ 34823 2208 74 characterized characterize VBN 34823 2208 75 by by IN 34823 2208 76 the the DT 34823 2208 77 fact fact NN 34823 2208 78 that that IN 34823 2208 79 all all PDT 34823 2208 80 the the DT 34823 2208 81 factors factor NNS 34823 2208 82 are be VBP 34823 2208 83 at at IN 34823 2208 84 rest rest NN 34823 2208 85 , , , 34823 2208 86 in in IN 34823 2208 87 stable stable JJ 34823 2208 88 equilibrium equilibrium NN 34823 2208 89 . . . 34823 2209 1 Equilibria equilibria NN 34823 2209 2 during during IN 34823 2209 3 transition transition NN 34823 2209 4 periods period NNS 34823 2209 5 are be VBP 34823 2209 6 unstable unstable JJ 34823 2209 7 . . . 34823 2210 1 During during IN 34823 2210 2 the the DT 34823 2210 3 transition transition NN 34823 2210 4 , , , 34823 2210 5 the the DT 34823 2210 6 relations relation NNS 34823 2210 7 among among IN 34823 2210 8 the the DT 34823 2210 9 factors factor NNS 34823 2210 10 vary vary VBP 34823 2210 11 : : : 34823 2210 12 M m NN 34823 2210 13 and and CC 34823 2210 14 M M NNP 34823 2210 15 ´ ´ CD 34823 2210 16 need nee MD 34823 2210 17 not not RB 34823 2210 18 keep keep VB 34823 2210 19 their -PRON- PRP$ 34823 2210 20 fixed fix VBN 34823 2210 21 ratio ratio NN 34823 2210 22 ; ; : 34823 2210 23 P p NN 34823 2210 24 need nee MD 34823 2210 25 not not RB 34823 2210 26 be be VB 34823 2210 27 wholly wholly RB 34823 2210 28 passive passive JJ 34823 2210 29 ; ; : 34823 2210 30 M M NNP 34823 2210 31 and and CC 34823 2210 32 P P NNP 34823 2210 33 need nee MD 34823 2210 34 not not RB 34823 2210 35 keep keep VB 34823 2210 36 the the DT 34823 2210 37 same same JJ 34823 2210 38 proportion proportion NN 34823 2210 39 . . . 34823 2211 1 But but CC 34823 2211 2 until until IN 34823 2211 3 M M NNP 34823 2211 4 and and CC 34823 2211 5 M M NNP 34823 2211 6 ´ ´ CD 34823 2211 7 get get VB 34823 2211 8 back back RB 34823 2211 9 into into IN 34823 2211 10 the the DT 34823 2211 11 normal normal JJ 34823 2211 12 ratio ratio NN 34823 2211 13 , , , 34823 2211 14 until until IN 34823 2211 15 P p NN 34823 2211 16 becomes become VBZ 34823 2211 17 proportional proportional JJ 34823 2211 18 to to IN 34823 2211 19 M M NNP 34823 2211 20 ( ( -LRB- 34823 2211 21 in in IN 34823 2211 22 the the DT 34823 2211 23 proportion proportion NN 34823 2211 24 prior prior RB 34823 2211 25 to to IN 34823 2211 26 the the DT 34823 2211 27 initial initial JJ 34823 2211 28 disturbance disturbance NN 34823 2211 29 ) ) -RRB- 34823 2211 30 , , , 34823 2211 31 there there EX 34823 2211 32 is be VBZ 34823 2211 33 no no DT 34823 2211 34 rest rest NN 34823 2211 35 ; ; : 34823 2211 36 the the DT 34823 2211 37 equilibrium equilibrium NN 34823 2211 38 is be VBZ 34823 2211 39 unstable unstable JJ 34823 2211 40 . . . 34823 2212 1 How how WRB 34823 2212 2 long long RB 34823 2212 3 is be VBZ 34823 2212 4 a a DT 34823 2212 5 transition transition NN 34823 2212 6 period period NN 34823 2212 7 ? ? . 34823 2213 1 How how WRB 34823 2213 2 realistic realistic JJ 34823 2213 3 is be VBZ 34823 2213 4 the the DT 34823 2213 5 notion notion NN 34823 2213 6 of of IN 34823 2213 7 a a DT 34823 2213 8 transition transition NN 34823 2213 9 period period NN 34823 2213 10 ? ? . 34823 2214 1 Is be VBZ 34823 2214 2 the the DT 34823 2214 3 transition transition NN 34823 2214 4 period period NN 34823 2214 5 a a DT 34823 2214 6 theoretical theoretical JJ 34823 2214 7 device device NN 34823 2214 8 , , , 34823 2214 9 to to TO 34823 2214 10 aid aid VB 34823 2214 11 in in IN 34823 2214 12 isolating isolate VBG 34823 2214 13 causes cause NNS 34823 2214 14 , , , 34823 2214 15 or or CC 34823 2214 16 is be VBZ 34823 2214 17 it -PRON- PRP 34823 2214 18 supposed suppose VBN 34823 2214 19 to to TO 34823 2214 20 be be VB 34823 2214 21 a a DT 34823 2214 22 real real JJ 34823 2214 23 period period NN 34823 2214 24 in in IN 34823 2214 25 time time NN 34823 2214 26 ? ? . 34823 2215 1 Is be VBZ 34823 2215 2 the the DT 34823 2215 3 normal normal JJ 34823 2215 4 period period NN 34823 2215 5 a a DT 34823 2215 6 real real JJ 34823 2215 7 period period NN 34823 2215 8 in in IN 34823 2215 9 time time NN 34823 2215 10 , , , 34823 2215 11 or or CC 34823 2215 12 is be VBZ 34823 2215 13 it -PRON- PRP 34823 2215 14 merely merely RB 34823 2215 15 a a DT 34823 2215 16 theoretical theoretical JJ 34823 2215 17 hypothesis hypothesis NN 34823 2215 18 ? ? . 34823 2216 1 It -PRON- PRP 34823 2216 2 is be VBZ 34823 2216 3 not not RB 34823 2216 4 easy easy JJ 34823 2216 5 to to TO 34823 2216 6 answer answer VB 34823 2216 7 these these DT 34823 2216 8 questions question NNS 34823 2216 9 . . . 34823 2217 1 Thus thus RB 34823 2217 2 ( ( -LRB- 34823 2217 3 p. p. NN 34823 2217 4 72 72 CD 34823 2217 5 ) ) -RRB- 34823 2217 6 the the DT 34823 2217 7 seasonal seasonal JJ 34823 2217 8 fluctuations fluctuation NNS 34823 2217 9 are be VBP 34823 2217 10 declared declare VBN 34823 2217 11 to to TO 34823 2217 12 be be VB 34823 2217 13 " " `` 34823 2217 14 normal normal JJ 34823 2217 15 and and CC 34823 2217 16 expected expect VBN 34823 2217 17 , , , 34823 2217 18 " " '' 34823 2217 19 and and CC 34823 2217 20 , , , 34823 2217 21 at at IN 34823 2217 22 the the DT 34823 2217 23 same same JJ 34823 2217 24 time time NN 34823 2217 25 , , , 34823 2217 26 one one NN 34823 2217 27 gets get VBZ 34823 2217 28 the the DT 34823 2217 29 impression impression NN 34823 2217 30 that that IN 34823 2217 31 Fisher Fisher NNP 34823 2217 32 considers consider VBZ 34823 2217 33 them -PRON- PRP 34823 2217 34 illustrations illustration NNS 34823 2217 35 of of IN 34823 2217 36 his -PRON- PRP$ 34823 2217 37 " " `` 34823 2217 38 transitions transition NNS 34823 2217 39 , , , 34823 2217 40 " " '' 34823 2217 41 in in IN 34823 2217 42 which which WDT 34823 2217 43 the the DT 34823 2217 44 normal normal JJ 34823 2217 45 theory theory NN 34823 2217 46 does do VBZ 34823 2217 47 not not RB 34823 2217 48 strictly strictly RB 34823 2217 49 hold hold VB 34823 2217 50 ( ( -LRB- 34823 2217 51 pp pp NNP 34823 2217 52 . . . 34823 2218 1 72 72 CD 34823 2218 2 , , , 34823 2218 3 169 169 CD 34823 2218 4 ) ) -RRB- 34823 2218 5 . . . 34823 2219 1 What what WP 34823 2219 2 is be VBZ 34823 2219 3 described describe VBN 34823 2219 4 chiefly chiefly RB 34823 2219 5 in in IN 34823 2219 6 the the DT 34823 2219 7 chapter chapter NN 34823 2219 8 on on IN 34823 2219 9 transition transition NN 34823 2219 10 periods period NNS 34823 2219 11 is be VBZ 34823 2219 12 the the DT 34823 2219 13 business business NN 34823 2219 14 cycle cycle NN 34823 2219 15 -- -- : 34823 2219 16 a a DT 34823 2219 17 theory theory NN 34823 2219 18 of of IN 34823 2219 19 the the DT 34823 2219 20 business business NN 34823 2219 21 cycle cycle NN 34823 2219 22 , , , 34823 2219 23 based base VBN 34823 2219 24 primarily primarily RB 34823 2219 25 on on IN 34823 2219 26 the the DT 34823 2219 27 notion notion NN 34823 2219 28 that that IN 34823 2219 29 the the DT 34823 2219 30 failure failure NN 34823 2219 31 of of IN 34823 2219 32 interest interest NN 34823 2219 33 to to TO 34823 2219 34 rise rise VB 34823 2219 35 as as RB 34823 2219 36 fast fast RB 34823 2219 37 as as IN 34823 2219 38 prices price NNS 34823 2219 39 rise rise VBP 34823 2219 40 causes cause VBZ 34823 2219 41 the the DT 34823 2219 42 " " `` 34823 2219 43 boom boom NN 34823 2219 44 , , , 34823 2219 45 " " '' 34823 2219 46 and and CC 34823 2219 47 that that IN 34823 2219 48 the the DT 34823 2219 49 draining draining NN 34823 2219 50 of of IN 34823 2219 51 bank bank NN 34823 2219 52 reserves reserve NNS 34823 2219 53 precipitates precipitate VBZ 34823 2219 54 the the DT 34823 2219 55 crisis crisis NN 34823 2219 56 . . . 34823 2220 1 I -PRON- PRP 34823 2220 2 shall shall MD 34823 2220 3 not not RB 34823 2220 4 discuss discuss VB 34823 2220 5 this this DT 34823 2220 6 theory theory NN 34823 2220 7 , , , 34823 2220 8 as as IN 34823 2220 9 a a DT 34823 2220 10 theory theory NN 34823 2220 11 of of IN 34823 2220 12 business business NN 34823 2220 13 cycles cycle NNS 34823 2220 14 , , , 34823 2220 15 further further RB 34823 2220 16 than than IN 34823 2220 17 to to TO 34823 2220 18 say say VB 34823 2220 19 that that IN 34823 2220 20 Wesley Wesley NNP 34823 2220 21 Mitchell Mitchell NNP 34823 2220 22 's 's POS 34823 2220 23 study study NN 34823 2220 24 would would MD 34823 2220 25 indicate indicate VB 34823 2220 26 that that IN 34823 2220 27 the the DT 34823 2220 28 interest interest NN 34823 2220 29 rate rate NN 34823 2220 30 is be VBZ 34823 2220 31 a a DT 34823 2220 32 minor minor JJ 34823 2220 33 factor factor NN 34823 2220 34 , , , 34823 2220 35 and and CC 34823 2220 36 that that IN 34823 2220 37 , , , 34823 2220 38 while while IN 34823 2220 39 as as IN 34823 2220 40 a a DT 34823 2220 41 theoretical theoretical JJ 34823 2220 42 possibility possibility NN 34823 2220 43 , , , 34823 2220 44 the the DT 34823 2220 45 drains drain NNS 34823 2220 46 on on IN 34823 2220 47 bank bank NN 34823 2220 48 reserves reserve NNS 34823 2220 49 may may MD 34823 2220 50 check check VB 34823 2220 51 prosperity prosperity NN 34823 2220 52 if if IN 34823 2220 53 something something NN 34823 2220 54 else else RB 34823 2220 55 does do VBZ 34823 2220 56 n't not RB 34823 2220 57 do do VB 34823 2220 58 it -PRON- PRP 34823 2220 59 first first RB 34823 2220 60 , , , 34823 2220 61 practically practically RB 34823 2220 62 something something NN 34823 2220 63 else else RB 34823 2220 64 always always RB 34823 2220 65 does do VBZ 34823 2220 66 come come VB 34823 2220 67 in in RP 34823 2220 68 ahead ahead RB 34823 2220 69 , , , 34823 2220 70 so so RB 34823 2220 71 far far RB 34823 2220 72 as as IN 34823 2220 73 his -PRON- PRP$ 34823 2220 74 studies study NNS 34823 2220 75 have have VBP 34823 2220 76 gone go VBN 34823 2220 77 . . . 34823 2221 1 [ [ -LRB- 34823 2221 2 185 185 CD 34823 2221 3 ] ] -RRB- 34823 2221 4 My -PRON- PRP$ 34823 2221 5 interest interest NN 34823 2221 6 here here RB 34823 2221 7 is be VBZ 34823 2221 8 primarily primarily RB 34823 2221 9 in in IN 34823 2221 10 seeing see VBG 34823 2221 11 the the DT 34823 2221 12 limitations limitation NNS 34823 2221 13 Fisher Fisher NNP 34823 2221 14 imposes impose VBZ 34823 2221 15 on on IN 34823 2221 16 his -PRON- PRP$ 34823 2221 17 theory theory NN 34823 2221 18 , , , 34823 2221 19 and and CC 34823 2221 20 the the DT 34823 2221 21 qualifications qualification NNS 34823 2221 22 he -PRON- PRP 34823 2221 23 admits admit VBZ 34823 2221 24 . . . 34823 2222 1 If if IN 34823 2222 2 the the DT 34823 2222 3 business business NN 34823 2222 4 cycle cycle NN 34823 2222 5 is be VBZ 34823 2222 6 the the DT 34823 2222 7 typical typical JJ 34823 2222 8 transition transition NN 34823 2222 9 period period NN 34823 2222 10 , , , 34823 2222 11 during during IN 34823 2222 12 which which WDT 34823 2222 13 his -PRON- PRP$ 34823 2222 14 normal normal JJ 34823 2222 15 theory theory NN 34823 2222 16 does do VBZ 34823 2222 17 n't not RB 34823 2222 18 hold hold VB 34823 2222 19 , , , 34823 2222 20 when when WRB 34823 2222 21 does do VBZ 34823 2222 22 the the DT 34823 2222 23 normal normal JJ 34823 2222 24 theory theory NN 34823 2222 25 hold hold VB 34823 2222 26 ? ? . 34823 2223 1 When when WRB 34823 2223 2 are be VBP 34823 2223 3 the the DT 34823 2223 4 " " `` 34823 2223 5 normal normal JJ 34823 2223 6 periods period NNS 34823 2223 7 " " '' 34823 2223 8 ? ? . 34823 2224 1 There there EX 34823 2224 2 is be VBZ 34823 2224 3 no no DT 34823 2224 4 concrete concrete JJ 34823 2224 5 period period NN 34823 2224 6 during during IN 34823 2224 7 which which WDT 34823 2224 8 prices price NNS 34823 2224 9 are be VBP 34823 2224 10 neither neither CC 34823 2224 11 rising rise VBG 34823 2224 12 nor nor CC 34823 2224 13 falling fall VBG 34823 2224 14 , , , 34823 2224 15 during during IN 34823 2224 16 which which WDT 34823 2224 17 no no DT 34823 2224 18 important important JJ 34823 2224 19 changes change NNS 34823 2224 20 are be VBP 34823 2224 21 taking take VBG 34823 2224 22 place place NN 34823 2224 23 among among IN 34823 2224 24 the the DT 34823 2224 25 factors factor NNS 34823 2224 26 . . . 34823 2225 1 [ [ -LRB- 34823 2225 2 186 186 CD 34823 2225 3 ] ] -RRB- 34823 2225 4 At at IN 34823 2225 5 times time NNS 34823 2225 6 , , , 34823 2225 7 Fisher Fisher NNP 34823 2225 8 seems seem VBZ 34823 2225 9 to to TO 34823 2225 10 indicate indicate VB 34823 2225 11 that that IN 34823 2225 12 the the DT 34823 2225 13 normal normal JJ 34823 2225 14 period period NN 34823 2225 15 is be VBZ 34823 2225 16 imaginary imaginary JJ 34823 2225 17 ( ( -LRB- 34823 2225 18 pp pp NNP 34823 2225 19 . . . 34823 2226 1 56 56 CD 34823 2226 2 , , , 34823 2226 3 159 159 CD 34823 2226 4 ) ) -RRB- 34823 2226 5 . . . 34823 2227 1 Is be VBZ 34823 2227 2 , , , 34823 2227 3 then then RB 34823 2227 4 , , , 34823 2227 5 the the DT 34823 2227 6 contrast contrast NN 34823 2227 7 between between IN 34823 2227 8 a a DT 34823 2227 9 realistic realistic JJ 34823 2227 10 " " `` 34823 2227 11 transition transition NN 34823 2227 12 period period NN 34823 2227 13 " " '' 34823 2227 14 and and CC 34823 2227 15 a a DT 34823 2227 16 hypothetical hypothetical JJ 34823 2227 17 " " `` 34823 2227 18 normal normal JJ 34823 2227 19 period period NN 34823 2227 20 " " '' 34823 2227 21 or or CC 34823 2227 22 are be VBP 34823 2227 23 both both DT 34823 2227 24 hypothetical hypothetical JJ 34823 2227 25 ? ? . 34823 2228 1 Is be VBZ 34823 2228 2 the the DT 34823 2228 3 equation equation NN 34823 2228 4 of of IN 34823 2228 5 exchange exchange NN 34823 2228 6 , , , 34823 2228 7 too too RB 34823 2228 8 , , , 34823 2228 9 a a DT 34823 2228 10 mere mere JJ 34823 2228 11 hypothesis hypothesis NN 34823 2228 12 ? ? . 34823 2229 1 It -PRON- PRP 34823 2229 2 should should MD 34823 2229 3 be be VB 34823 2229 4 , , , 34823 2229 5 if if IN 34823 2229 6 it -PRON- PRP 34823 2229 7 is be VBZ 34823 2229 8 to to TO 34823 2229 9 set set VB 34823 2229 10 forth forth RP 34823 2229 11 a a DT 34823 2229 12 merely merely RB 34823 2229 13 hypothetical hypothetical JJ 34823 2229 14 theory theory NN 34823 2229 15 . . . 34823 2230 1 But but CC 34823 2230 2 no no UH 34823 2230 3 , , , 34823 2230 4 Fisher Fisher NNP 34823 2230 5 insists insist VBZ 34823 2230 6 on on IN 34823 2230 7 putting put VBG 34823 2230 8 concrete concrete JJ 34823 2230 9 data datum NNS 34823 2230 10 into into IN 34823 2230 11 it -PRON- PRP 34823 2230 12 , , , 34823 2230 13 and and CC 34823 2230 14 , , , 34823 2230 15 indeed indeed RB 34823 2230 16 , , , 34823 2230 17 gives give VBZ 34823 2230 18 an an DT 34823 2230 19 elaborate elaborate JJ 34823 2230 20 statistical statistical JJ 34823 2230 21 " " `` 34823 2230 22 proof proof NN 34823 2230 23 " " '' 34823 2230 24 of of IN 34823 2230 25 the the DT 34823 2230 26 equation equation NN 34823 2230 27 . . . 34823 2231 1 It -PRON- PRP 34823 2231 2 , , , 34823 2231 3 at at IN 34823 2231 4 least least JJS 34823 2231 5 , , , 34823 2231 6 is be VBZ 34823 2231 7 realistic realistic JJ 34823 2231 8 . . . 34823 2232 1 I -PRON- PRP 34823 2232 2 confess confess VBP 34823 2232 3 that that IN 34823 2232 4 my -PRON- PRP$ 34823 2232 5 certainty certainty NN 34823 2232 6 as as IN 34823 2232 7 to to IN 34823 2232 8 Fisher Fisher NNP 34823 2232 9 's 's POS 34823 2232 10 meaning meaning NN 34823 2232 11 grows grow VBZ 34823 2232 12 less less RBR 34823 2232 13 , , , 34823 2232 14 as as IN 34823 2232 15 I -PRON- PRP 34823 2232 16 study study VBP 34823 2232 17 his -PRON- PRP$ 34823 2232 18 book book NN 34823 2232 19 with with IN 34823 2232 20 greater great JJR 34823 2232 21 care care NN 34823 2232 22 . . . 34823 2233 1 If if IN 34823 2233 2 the the DT 34823 2233 3 typical typical JJ 34823 2233 4 transition transition NN 34823 2233 5 period period NN 34823 2233 6 be be VB 34823 2233 7 the the DT 34823 2233 8 business business NN 34823 2233 9 cycle cycle NN 34823 2233 10 , , , 34823 2233 11 then then RB 34823 2233 12 the the DT 34823 2233 13 normal normal JJ 34823 2233 14 period period NN 34823 2233 15 could could MD 34823 2233 16 come come VB 34823 2233 17 only only RB 34823 2233 18 once once RB 34823 2233 19 , , , 34823 2233 20 say say VB 34823 2233 21 , , , 34823 2233 22 in in IN 34823 2233 23 ten ten CD 34823 2233 24 years year NNS 34823 2233 25 -- -- : 34823 2233 26 or or CC 34823 2233 27 whatever whatever WDT 34823 2233 28 period period NN 34823 2233 29 , , , 34823 2233 30 regular regular JJ 34823 2233 31 , , , 34823 2233 32 or or CC 34823 2233 33 irregular irregular JJ 34823 2233 34 , , , 34823 2233 35 one one CD 34823 2233 36 chooses choose VBZ 34823 2233 37 to to TO 34823 2233 38 assign assign VB 34823 2233 39 to to IN 34823 2233 40 the the DT 34823 2233 41 business business NN 34823 2233 42 cycle cycle NN 34823 2233 43 . . . 34823 2234 1 The the DT 34823 2234 2 concrete concrete JJ 34823 2234 3 price price NN 34823 2234 4 - - HYPH 34823 2234 5 levels level NNS 34823 2234 6 for for IN 34823 2234 7 the the DT 34823 2234 8 greater great JJR 34823 2234 9 part part NN 34823 2234 10 of of IN 34823 2234 11 the the DT 34823 2234 12 time time NN 34823 2234 13 are be VBP 34823 2234 14 then then RB 34823 2234 15 surrendered surrender VBN 34823 2234 16 to to IN 34823 2234 17 other other JJ 34823 2234 18 causes cause NNS 34823 2234 19 . . . 34823 2235 1 And and CC 34823 2235 2 the the DT 34823 2235 3 one one CD 34823 2235 4 - - HYPH 34823 2235 5 year year NN 34823 2235 6 cycle cycle NN 34823 2235 7 described describe VBN 34823 2235 8 in in IN 34823 2235 9 the the DT 34823 2235 10 equation equation NN 34823 2235 11 of of IN 34823 2235 12 exchange exchange NNP 34823 2235 13 is be VBZ 34823 2235 14 quite quite RB 34823 2235 15 irrelevant irrelevant JJ 34823 2235 16 . . . 34823 2236 1 The the DT 34823 2236 2 equation equation NN 34823 2236 3 of of IN 34823 2236 4 exchange exchange NN 34823 2236 5 should should MD 34823 2236 6 cover cover VB 34823 2236 7 the the DT 34823 2236 8 whole whole JJ 34823 2236 9 business business NN 34823 2236 10 cycle cycle NN 34823 2236 11 , , , 34823 2236 12 to to TO 34823 2236 13 fit fit VB 34823 2236 14 in in RP 34823 2236 15 with with IN 34823 2236 16 the the DT 34823 2236 17 theory theory NN 34823 2236 18 . . . 34823 2237 1 Indeed indeed RB 34823 2237 2 , , , 34823 2237 3 a a DT 34823 2237 4 realistic realistic JJ 34823 2237 5 equation equation NN 34823 2237 6 of of IN 34823 2237 7 exchange exchange NN 34823 2237 8 would would MD 34823 2237 9 then then RB 34823 2237 10 have have VB 34823 2237 11 no no DT 34823 2237 12 meaning meaning NN 34823 2237 13 at at RB 34823 2237 14 all all RB 34823 2237 15 , , , 34823 2237 16 as as IN 34823 2237 17 the the DT 34823 2237 18 average average JJ 34823 2237 19 price price NN 34823 2237 20 - - HYPH 34823 2237 21 level level NN 34823 2237 22 during during IN 34823 2237 23 the the DT 34823 2237 24 business business NN 34823 2237 25 cycle cycle NN 34823 2237 26 , , , 34823 2237 27 played play VBN 34823 2237 28 upon upon IN 34823 2237 29 by by IN 34823 2237 30 a a DT 34823 2237 31 host host NN 34823 2237 32 of of IN 34823 2237 33 causes cause NNS 34823 2237 34 other other JJ 34823 2237 35 than than IN 34823 2237 36 the the DT 34823 2237 37 factors factor NNS 34823 2237 38 described describe VBN 34823 2237 39 in in IN 34823 2237 40 the the DT 34823 2237 41 quantity quantity NN 34823 2237 42 theory theory NN 34823 2237 43 , , , 34823 2237 44 would would MD 34823 2237 45 not not RB 34823 2237 46 be be VB 34823 2237 47 the the DT 34823 2237 48 same same JJ 34823 2237 49 as as IN 34823 2237 50 the the DT 34823 2237 51 average average JJ 34823 2237 52 price price NN 34823 2237 53 - - HYPH 34823 2237 54 level level NN 34823 2237 55 which which WDT 34823 2237 56 _ _ NNP 34823 2237 57 would would MD 34823 2237 58 have have VB 34823 2237 59 _ _ NNP 34823 2237 60 obtained obtain VBN 34823 2237 61 had have VBD 34823 2237 62 only only RB 34823 2237 63 the the DT 34823 2237 64 " " `` 34823 2237 65 normal normal JJ 34823 2237 66 " " '' 34823 2237 67 causes cause NNS 34823 2237 68 been be VBN 34823 2237 69 in in IN 34823 2237 70 operation operation NN 34823 2237 71 . . . 34823 2238 1 [ [ -LRB- 34823 2238 2 187 187 CD 34823 2238 3 ] ] -RRB- 34823 2238 4 The the DT 34823 2238 5 distinction distinction NN 34823 2238 6 between between IN 34823 2238 7 " " `` 34823 2238 8 normal normal JJ 34823 2238 9 " " '' 34823 2238 10 and and CC 34823 2238 11 " " `` 34823 2238 12 transition transition NN 34823 2238 13 " " '' 34823 2238 14 _ _ NNP 34823 2238 15 periods period NNS 34823 2238 16 _ _ NNP 34823 2238 17 suggests suggest VBZ 34823 2238 18 a a DT 34823 2238 19 dangerous dangerous JJ 34823 2238 20 fallacy fallacy NN 34823 2238 21 : : : 34823 2238 22 namely namely RB 34823 2238 23 , , , 34823 2238 24 that that IN 34823 2238 25 during during IN 34823 2238 26 one one CD 34823 2238 27 period period NN 34823 2238 28 one one CD 34823 2238 29 sort sort NN 34823 2238 30 of of IN 34823 2238 31 causation causation NN 34823 2238 32 is be VBZ 34823 2238 33 working work VBG 34823 2238 34 , , , 34823 2238 35 with with IN 34823 2238 36 the the DT 34823 2238 37 other other JJ 34823 2238 38 in in IN 34823 2238 39 abeyance abeyance NN 34823 2238 40 . . . 34823 2239 1 In in IN 34823 2239 2 fact fact NN 34823 2239 3 , , , 34823 2239 4 whatever whatever WDT 34823 2239 5 causes cause NNS 34823 2239 6 there there EX 34823 2239 7 are be VBP 34823 2239 8 are be VBP 34823 2239 9 working work VBG 34823 2239 10 all all PDT 34823 2239 11 the the DT 34823 2239 12 time time NN 34823 2239 13 . . . 34823 2240 1 The the DT 34823 2240 2 only only JJ 34823 2240 3 legitimate legitimate JJ 34823 2240 4 thing thing NN 34823 2240 5 is be VBZ 34823 2240 6 to to TO 34823 2240 7 abstract abstract VB 34823 2240 8 from from IN 34823 2240 9 one one CD 34823 2240 10 set set NN 34823 2240 11 of of IN 34823 2240 12 causes cause NNS 34823 2240 13 , , , 34823 2240 14 and and CC 34823 2240 15 see see VB 34823 2240 16 what what WP 34823 2240 17 the the DT 34823 2240 18 other other JJ 34823 2240 19 set set NN 34823 2240 20 , , , 34823 2240 21 if if IN 34823 2240 22 left leave VBN 34823 2240 23 to to IN 34823 2240 24 themselves -PRON- PRP 34823 2240 25 , , , 34823 2240 26 will will MD 34823 2240 27 bring bring VB 34823 2240 28 about about RP 34823 2240 29 . . . 34823 2241 1 But but CC 34823 2241 2 this this DT 34823 2241 3 sort sort NN 34823 2241 4 of of IN 34823 2241 5 abstraction abstraction NN 34823 2241 6 has have VBZ 34823 2241 7 many many JJ 34823 2241 8 dangers danger NNS 34823 2241 9 , , , 34823 2241 10 one one CD 34823 2241 11 of of IN 34823 2241 12 which which WDT 34823 2241 13 is be VBZ 34823 2241 14 that that IN 34823 2241 15 the the DT 34823 2241 16 causes cause NNS 34823 2241 17 abstracted abstract VBN 34823 2241 18 from from IN 34823 2241 19 are be VBP 34823 2241 20 frequently frequently RB 34823 2241 21 thought think VBN 34823 2241 22 of of IN 34823 2241 23 as as IN 34823 2241 24 non non JJ 34823 2241 25 - - JJ 34823 2241 26 existent existent NN 34823 2241 27 . . . 34823 2242 1 The the DT 34823 2242 2 chemist chemist NN 34823 2242 3 , , , 34823 2242 4 in in IN 34823 2242 5 his -PRON- PRP$ 34823 2242 6 laboratory laboratory NN 34823 2242 7 , , , 34823 2242 8 can can MD 34823 2242 9 in in IN 34823 2242 10 actual actual JJ 34823 2242 11 physical physical JJ 34823 2242 12 fact fact NN 34823 2242 13 abstract abstract JJ 34823 2242 14 impurities impurity NNS 34823 2242 15 from from IN 34823 2242 16 his -PRON- PRP$ 34823 2242 17 chemicals chemical NNS 34823 2242 18 , , , 34823 2242 19 and and CC 34823 2242 20 see see VB 34823 2242 21 what what WP 34823 2242 22 they -PRON- PRP 34823 2242 23 will will MD 34823 2242 24 do do VB 34823 2242 25 . . . 34823 2243 1 He -PRON- PRP 34823 2243 2 can can MD 34823 2243 3 even even RB 34823 2243 4 perform perform VB 34823 2243 5 experiments experiment NNS 34823 2243 6 in in IN 34823 2243 7 what what WP 34823 2243 8 is be VBZ 34823 2243 9 practically practically RB 34823 2243 10 a a DT 34823 2243 11 vacuum vacuum NN 34823 2243 12 . . . 34823 2244 1 But but CC 34823 2244 2 the the DT 34823 2244 3 economist economist NN 34823 2244 4 has have VBZ 34823 2244 5 no no DT 34823 2244 6 right right NN 34823 2244 7 to to IN 34823 2244 8 _ _ NNP 34823 2244 9 think think VB 34823 2244 10 in in IN 34823 2244 11 vacuo vacuo NNS 34823 2244 12 _ _ NNP 34823 2244 13 ! ! . 34823 2245 1 All all DT 34823 2245 2 that that WDT 34823 2245 3 he -PRON- PRP 34823 2245 4 has have VBZ 34823 2245 5 a a DT 34823 2245 6 right right NN 34823 2245 7 to to TO 34823 2245 8 do do VB 34823 2245 9 is be VBZ 34823 2245 10 to to TO 34823 2245 11 assume assume VB 34823 2245 12 the the DT 34823 2245 13 factors factor NNS 34823 2245 14 which which WDT 34823 2245 15 he -PRON- PRP 34823 2245 16 does do VBZ 34823 2245 17 not not RB 34823 2245 18 wish wish VB 34823 2245 19 to to TO 34823 2245 20 study study VB 34823 2245 21 _ _ NNP 34823 2245 22 constant constant JJ 34823 2245 23 _ _ NNP 34823 2245 24 . . . 34823 2246 1 And and CC 34823 2246 2 even even RB 34823 2246 3 that that IN 34823 2246 4 he -PRON- PRP 34823 2246 5 must must MD 34823 2246 6 not not RB 34823 2246 7 do do VB 34823 2246 8 if if IN 34823 2246 9 ( ( -LRB- 34823 2246 10 1 1 LS 34823 2246 11 ) ) -RRB- 34823 2246 12 changes change NNS 34823 2246 13 in in IN 34823 2246 14 the the DT 34823 2246 15 factors factor NNS 34823 2246 16 which which WDT 34823 2246 17 he -PRON- PRP 34823 2246 18 wishes wish VBZ 34823 2246 19 to to TO 34823 2246 20 study study VB 34823 2246 21 do do VBP 34823 2246 22 in in IN 34823 2246 23 fact fact NN 34823 2246 24 lead lead VB 34823 2246 25 to to IN 34823 2246 26 changes change NNS 34823 2246 27 in in IN 34823 2246 28 the the DT 34823 2246 29 factors factor NNS 34823 2246 30 abstracted abstract VBN 34823 2246 31 from from IN 34823 2246 32 , , , 34823 2246 33 or or CC 34823 2246 34 ( ( -LRB- 34823 2246 35 2 2 LS 34823 2246 36 ) ) -RRB- 34823 2246 37 if if IN 34823 2246 38 the the DT 34823 2246 39 factors factor NNS 34823 2246 40 which which WDT 34823 2246 41 he -PRON- PRP 34823 2246 42 wishes wish VBZ 34823 2246 43 to to TO 34823 2246 44 study study VB 34823 2246 45 can can MD 34823 2246 46 only only RB 34823 2246 47 change change VB 34823 2246 48 _ _ NNP 34823 2246 49 because because IN 34823 2246 50 _ _ NNP 34823 2246 51 of of IN 34823 2246 52 prior prior JJ 34823 2246 53 or or CC 34823 2246 54 concomitant concomitant JJ 34823 2246 55 changes change NNS 34823 2246 56 in in IN 34823 2246 57 the the DT 34823 2246 58 factors factor NNS 34823 2246 59 from from IN 34823 2246 60 which which WDT 34823 2246 61 he -PRON- PRP 34823 2246 62 is be VBZ 34823 2246 63 abstracting abstract VBG 34823 2246 64 . . . 34823 2247 1 Is be VBZ 34823 2247 2 it -PRON- PRP 34823 2247 3 , , , 34823 2247 4 for for IN 34823 2247 5 example example NN 34823 2247 6 , , , 34823 2247 7 legitimate legitimate JJ 34823 2247 8 to to TO 34823 2247 9 assume assume VB 34823 2247 10 an an DT 34823 2247 11 increase increase NN 34823 2247 12 in in IN 34823 2247 13 M M NNP 34823 2247 14 ´ ´ CD 34823 2247 15 apart apart RB 34823 2247 16 from from IN 34823 2247 17 its -PRON- PRP$ 34823 2247 18 usual usual JJ 34823 2247 19 accompaniment accompaniment NN 34823 2247 20 , , , 34823 2247 21 an an DT 34823 2247 22 increase increase NN 34823 2247 23 in in IN 34823 2247 24 PT PT NNP 34823 2247 25 ? ? . 34823 2248 1 The the DT 34823 2248 2 notion notion NN 34823 2248 3 , , , 34823 2248 4 too too RB 34823 2248 5 , , , 34823 2248 6 that that DT 34823 2248 7 causation causation NN 34823 2248 8 can can MD 34823 2248 9 be be VB 34823 2248 10 seen see VBN 34823 2248 11 in in IN 34823 2248 12 a a DT 34823 2248 13 state state NN 34823 2248 14 of of IN 34823 2248 15 stable stable JJ 34823 2248 16 equilibrium equilibrium NN 34823 2248 17 should should MD 34823 2248 18 be be VB 34823 2248 19 critically critically RB 34823 2248 20 analyzed analyze VBN 34823 2248 21 . . . 34823 2249 1 Causation causation NN 34823 2249 2 is be VBZ 34823 2249 3 only only RB 34823 2249 4 _ _ NNP 34823 2249 5 revealed reveal VBN 34823 2249 6 _ _ NNP 34823 2249 7 by by IN 34823 2249 8 a a DT 34823 2249 9 _ _ NNP 34823 2249 10 course course NN 34823 2249 11 of of IN 34823 2249 12 events event NNS 34823 2249 13 _ _ NNP 34823 2249 14 , , , 34823 2249 15 when when WRB 34823 2249 16 mechanical mechanical JJ 34823 2249 17 causation causation NN 34823 2249 18 is be VBZ 34823 2249 19 involved involve VBN 34823 2249 20 . . . 34823 2250 1 The the DT 34823 2250 2 relation relation NN 34823 2250 3 of of IN 34823 2250 4 cause cause NN 34823 2250 5 and and CC 34823 2250 6 effect effect NN 34823 2250 7 may may MD 34823 2250 8 be be VB 34823 2250 9 a a DT 34823 2250 10 contemporaneous contemporaneous JJ 34823 2250 11 relation relation NN 34823 2250 12 in in IN 34823 2250 13 fact fact NN 34823 2250 14 , , , 34823 2250 15 and and CC 34823 2250 16 it -PRON- PRP 34823 2250 17 is be VBZ 34823 2250 18 possible possible JJ 34823 2250 19 , , , 34823 2250 20 where where WRB 34823 2250 21 conscious conscious JJ 34823 2250 22 , , , 34823 2250 23 psychological psychological JJ 34823 2250 24 phenomena phenomenon NNS 34823 2250 25 are be VBP 34823 2250 26 involved involve VBN 34823 2250 27 , , , 34823 2250 28 to to IN 34823 2250 29 discern discern JJ 34823 2250 30 causal causal JJ 34823 2250 31 relations relation NNS 34823 2250 32 among among IN 34823 2250 33 the the DT 34823 2250 34 elements element NNS 34823 2250 35 in in IN 34823 2250 36 a a DT 34823 2250 37 mental mental JJ 34823 2250 38 state state NN 34823 2250 39 by by IN 34823 2250 40 direct direct JJ 34823 2250 41 introspection introspection NN 34823 2250 42 . . . 34823 2251 1 It -PRON- PRP 34823 2251 2 is be VBZ 34823 2251 3 the the DT 34823 2251 4 not not RB 34823 2251 5 uncommon uncommon JJ 34823 2251 6 practice practice NN 34823 2251 7 , , , 34823 2251 8 also also RB 34823 2251 9 , , , 34823 2251 10 in in IN 34823 2251 11 the the DT 34823 2251 12 theory theory NN 34823 2251 13 of of IN 34823 2251 14 mechanics mechanic NNS 34823 2251 15 , , , 34823 2251 16 or or CC 34823 2251 17 in in IN 34823 2251 18 theoretical theoretical JJ 34823 2251 19 economics economic NNS 34823 2251 20 , , , 34823 2251 21 where where WRB 34823 2251 22 the the DT 34823 2251 23 method method NN 34823 2251 24 of of IN 34823 2251 25 investigation investigation NN 34823 2251 26 is be VBZ 34823 2251 27 deductive deductive JJ 34823 2251 28 rather rather RB 34823 2251 29 than than IN 34823 2251 30 inductive inductive JJ 34823 2251 31 , , , 34823 2251 32 to to TO 34823 2251 33 abstract abstract VB 34823 2251 34 from from IN 34823 2251 35 the the DT 34823 2251 36 temporal temporal JJ 34823 2251 37 sequence sequence NN 34823 2251 38 , , , 34823 2251 39 and and CC 34823 2251 40 to to TO 34823 2251 41 construe construe VB 34823 2251 42 causal causal JJ 34823 2251 43 relations relation NNS 34823 2251 44 as as IN 34823 2251 45 timeless timeless NN 34823 2251 46 , , , 34823 2251 47 logical logical JJ 34823 2251 48 relations relation NNS 34823 2251 49 . . . 34823 2252 1 But but CC 34823 2252 2 even even RB 34823 2252 3 here here RB 34823 2252 4 , , , 34823 2252 5 the the DT 34823 2252 6 cause cause NN 34823 2252 7 of of IN 34823 2252 8 a a DT 34823 2252 9 _ _ NNP 34823 2252 10 change change NN 34823 2252 11 _ _ NNP 34823 2252 12 in in IN 34823 2252 13 the the DT 34823 2252 14 general general JJ 34823 2252 15 situation situation NN 34823 2252 16 precedes precede VBZ 34823 2252 17 the the DT 34823 2252 18 change change NN 34823 2252 19 in in IN 34823 2252 20 time time NN 34823 2252 21 , , , 34823 2252 22 and and CC 34823 2252 23 it -PRON- PRP 34823 2252 24 is be VBZ 34823 2252 25 only only RB 34823 2252 26 by by IN 34823 2252 27 abstraction abstraction NN 34823 2252 28 that that IN 34823 2252 29 the the DT 34823 2252 30 time time NN 34823 2252 31 element element NN 34823 2252 32 is be VBZ 34823 2252 33 left leave VBN 34823 2252 34 out out RP 34823 2252 35 . . . 34823 2253 1 If if IN 34823 2253 2 there there EX 34823 2253 3 is be VBZ 34823 2253 4 no no DT 34823 2253 5 question question NN 34823 2253 6 as as IN 34823 2253 7 to to IN 34823 2253 8 the the DT 34823 2253 9 causal causal JJ 34823 2253 10 relations relation NNS 34823 2253 11 , , , 34823 2253 12 this this DT 34823 2253 13 abstraction abstraction NN 34823 2253 14 is be VBZ 34823 2253 15 legitimate legitimate JJ 34823 2253 16 , , , 34823 2253 17 but but CC 34823 2253 18 if if IN 34823 2253 19 all all PDT 34823 2253 20 that that WDT 34823 2253 21 one one NN 34823 2253 22 knows know VBZ 34823 2253 23 about about IN 34823 2253 24 the the DT 34823 2253 25 situation situation NN 34823 2253 26 be be VB 34823 2253 27 that that IN 34823 2253 28 in in IN 34823 2253 29 a a DT 34823 2253 30 stable stable JJ 34823 2253 31 equilibrium equilibrium NN 34823 2253 32 certain certain JJ 34823 2253 33 constant constant JJ 34823 2253 34 ratios ratio NNS 34823 2253 35 obtain obtain VBP 34823 2253 36 , , , 34823 2253 37 then then RB 34823 2253 38 the the DT 34823 2253 39 question question NN 34823 2253 40 as as IN 34823 2253 41 to to IN 34823 2253 42 which which WDT 34823 2253 43 term term NN 34823 2253 44 in in IN 34823 2253 45 the the DT 34823 2253 46 ratio ratio NN 34823 2253 47 is be VBZ 34823 2253 48 cause cause NN 34823 2253 49 and and CC 34823 2253 50 which which WDT 34823 2253 51 is be VBZ 34823 2253 52 effect effect NN 34823 2253 53 remains remain VBZ 34823 2253 54 unanswered unanswered JJ 34823 2253 55 . . . 34823 2254 1 In in IN 34823 2254 2 Fisher Fisher NNP 34823 2254 3 's 's POS 34823 2254 4 situation situation NN 34823 2254 5 , , , 34823 2254 6 then then RB 34823 2254 7 , , , 34823 2254 8 assuming assume VBG 34823 2254 9 that that IN 34823 2254 10 it -PRON- PRP 34823 2254 11 be be VB 34823 2254 12 true true JJ 34823 2254 13 -- -- : 34823 2254 14 which which WDT 34823 2254 15 I -PRON- PRP 34823 2254 16 shall shall MD 34823 2254 17 deny deny VB 34823 2254 18 -- -- : 34823 2254 19 that that IN 34823 2254 20 the the DT 34823 2254 21 only only JJ 34823 2254 22 stable stable JJ 34823 2254 23 equilibrium equilibrium NN 34823 2254 24 is be VBZ 34823 2254 25 that that IN 34823 2254 26 which which WDT 34823 2254 27 the the DT 34823 2254 28 normal normal JJ 34823 2254 29 theory theory NN 34823 2254 30 requires require VBZ 34823 2254 31 , , , 34823 2254 32 it -PRON- PRP 34823 2254 33 still still RB 34823 2254 34 remains remain VBZ 34823 2254 35 true true JJ 34823 2254 36 that that IN 34823 2254 37 the the DT 34823 2254 38 causal causal JJ 34823 2254 39 relations relation NNS 34823 2254 40 among among IN 34823 2254 41 the the DT 34823 2254 42 factors factor NNS 34823 2254 43 can can MD 34823 2254 44 only only RB 34823 2254 45 be be VB 34823 2254 46 revealed reveal VBN 34823 2254 47 by by IN 34823 2254 48 a a DT 34823 2254 49 study study NN 34823 2254 50 of of IN 34823 2254 51 the the DT 34823 2254 52 transitions transition NNS 34823 2254 53 , , , 34823 2254 54 by by IN 34823 2254 55 seeing see VBG 34823 2254 56 the the DT 34823 2254 57 temporal temporal JJ 34823 2254 58 sequence sequence NN 34823 2254 59 of of IN 34823 2254 60 changes change NNS 34823 2254 61 in in IN 34823 2254 62 the the DT 34823 2254 63 factors factor NNS 34823 2254 64 of of IN 34823 2254 65 the the DT 34823 2254 66 equation equation NN 34823 2254 67 . . . 34823 2255 1 Even even RB 34823 2255 2 if if IN 34823 2255 3 it -PRON- PRP 34823 2255 4 be be VB 34823 2255 5 granted grant VBN 34823 2255 6 that that IN 34823 2255 7 M M NNP 34823 2255 8 , , , 34823 2255 9 M M NNP 34823 2255 10 ´ ´ NNP 34823 2255 11 and and CC 34823 2255 12 P p NN 34823 2255 13 tend tend VBP 34823 2255 14 to to TO 34823 2255 15 keep keep VB 34823 2255 16 a a DT 34823 2255 17 constant constant JJ 34823 2255 18 relation relation NN 34823 2255 19 to to IN 34823 2255 20 one one CD 34823 2255 21 another another DT 34823 2255 22 , , , 34823 2255 23 the the DT 34823 2255 24 quantity quantity NN 34823 2255 25 theory theory NN 34823 2255 26 falls fall VBZ 34823 2255 27 if if IN 34823 2255 28 , , , 34823 2255 29 for for IN 34823 2255 30 instance instance NN 34823 2255 31 , , , 34823 2255 32 it -PRON- PRP 34823 2255 33 can can MD 34823 2255 34 be be VB 34823 2255 35 shown show VBN 34823 2255 36 that that IN 34823 2255 37 a a DT 34823 2255 38 change change NN 34823 2255 39 may may MD 34823 2255 40 first first RB 34823 2255 41 occur occur VB 34823 2255 42 in in IN 34823 2255 43 P p NN 34823 2255 44 , , , 34823 2255 45 spread spread VB 34823 2255 46 to to IN 34823 2255 47 M M NNP 34823 2255 48 ´ ´ CD 34823 2255 49 , , , 34823 2255 50 and and CC 34823 2255 51 finally finally RB 34823 2255 52 reach reach VB 34823 2255 53 M M NNP 34823 2255 54 last last JJ 34823 2255 55 of of IN 34823 2255 56 all all DT 34823 2255 57 , , , 34823 2255 58 leading lead VBG 34823 2255 59 to to IN 34823 2255 60 a a DT 34823 2255 61 new new JJ 34823 2255 62 normal normal JJ 34823 2255 63 equilibrium equilibrium NN 34823 2255 64 which which WDT 34823 2255 65 is be VBZ 34823 2255 66 stable stable JJ 34823 2255 67 . . . 34823 2256 1 I -PRON- PRP 34823 2256 2 shall shall MD 34823 2256 3 later later RB 34823 2256 4 show show VB 34823 2256 5 cases case NNS 34823 2256 6 of of IN 34823 2256 7 this this DT 34823 2256 8 sort sort NN 34823 2256 9 . . . 34823 2257 1 [ [ -LRB- 34823 2257 2 188 188 CD 34823 2257 3 ] ] -RRB- 34823 2257 4 The the DT 34823 2257 5 abstract abstract JJ 34823 2257 6 formulation formulation NN 34823 2257 7 of of IN 34823 2257 8 Fisher Fisher NNP 34823 2257 9 's 's POS 34823 2257 10 contrast contrast NN 34823 2257 11 will will MD 34823 2257 12 not not RB 34823 2257 13 , , , 34823 2257 14 I -PRON- PRP 34823 2257 15 believe believe VBP 34823 2257 16 , , , 34823 2257 17 give give VB 34823 2257 18 us -PRON- PRP 34823 2257 19 an an DT 34823 2257 20 answer answer NN 34823 2257 21 as as IN 34823 2257 22 to to IN 34823 2257 23 the the DT 34823 2257 24 extent extent NN 34823 2257 25 to to TO 34823 2257 26 which which WDT 34823 2257 27 he -PRON- PRP 34823 2257 28 thinks think VBZ 34823 2257 29 his -PRON- PRP$ 34823 2257 30 quantity quantity NN 34823 2257 31 theory theory NN 34823 2257 32 realistic realistic JJ 34823 2257 33 . . . 34823 2258 1 I -PRON- PRP 34823 2258 2 find find VBP 34823 2258 3 myself -PRON- PRP 34823 2258 4 particularly particularly RB 34823 2258 5 in in IN 34823 2258 6 genuine genuine JJ 34823 2258 7 uncertainty uncertainty NN 34823 2258 8 as as IN 34823 2258 9 to to IN 34823 2258 10 the the DT 34823 2258 11 point point NN 34823 2258 12 mentioned mention VBN 34823 2258 13 above above RB 34823 2258 14 : : : 34823 2258 15 would would MD 34823 2258 16 an an DT 34823 2258 17 actual actual JJ 34823 2258 18 equation equation NN 34823 2258 19 of of IN 34823 2258 20 exchange exchange NN 34823 2258 21 for for IN 34823 2258 22 the the DT 34823 2258 23 whole whole JJ 34823 2258 24 business business NN 34823 2258 25 cycle cycle NN 34823 2258 26 , , , 34823 2258 27 made make VBN 34823 2258 28 up up RP 34823 2258 29 of of IN 34823 2258 30 the the DT 34823 2258 31 averages average NNS 34823 2258 32 of of IN 34823 2258 33 M M NNP 34823 2258 34 , , , 34823 2258 35 M M NNP 34823 2258 36 ´ ´ NNP 34823 2258 37 , , , 34823 2258 38 V v NN 34823 2258 39 , , , 34823 2258 40 V V NNP 34823 2258 41 ´ ´ CD 34823 2258 42 , , , 34823 2258 43 P p NN 34823 2258 44 and and CC 34823 2258 45 T t NN 34823 2258 46 for for IN 34823 2258 47 the the DT 34823 2258 48 whole whole JJ 34823 2258 49 period period NN 34823 2258 50 , , , 34823 2258 51 exhibit exhibit VB 34823 2258 52 the the DT 34823 2258 53 " " `` 34823 2258 54 normal normal JJ 34823 2258 55 " " '' 34823 2258 56 relations relation NNS 34823 2258 57 among among IN 34823 2258 58 these these DT 34823 2258 59 factors factor NNS 34823 2258 60 ? ? . 34823 2259 1 Or or CC 34823 2259 2 would would MD 34823 2259 3 this this DT 34823 2259 4 " " `` 34823 2259 5 normal normal JJ 34823 2259 6 " " '' 34823 2259 7 relation relation NN 34823 2259 8 only only RB 34823 2259 9 emerge emerge VB 34823 2259 10 concretely concretely RB 34823 2259 11 at at IN 34823 2259 12 some some DT 34823 2259 13 moment moment NN 34823 2259 14 of of IN 34823 2259 15 time time NN 34823 2259 16 in in IN 34823 2259 17 the the DT 34823 2259 18 course course NN 34823 2259 19 of of IN 34823 2259 20 the the DT 34823 2259 21 cycle cycle NN 34823 2259 22 when when WRB 34823 2259 23 the the DT 34823 2259 24 abnormal abnormal JJ 34823 2259 25 causes cause VBZ 34823 2259 26 affecting affect VBG 34823 2259 27 the the DT 34823 2259 28 price price NN 34823 2259 29 - - HYPH 34823 2259 30 level level NN 34823 2259 31 happened happen VBD 34823 2259 32 to to TO 34823 2259 33 offset offset VB 34823 2259 34 one one CD 34823 2259 35 another another DT 34823 2259 36 ? ? . 34823 2260 1 Or or CC 34823 2260 2 is be VBZ 34823 2260 3 it -PRON- PRP 34823 2260 4 true true JJ 34823 2260 5 that that IN 34823 2260 6 no no DT 34823 2260 7 actual actual JJ 34823 2260 8 figures figure NNS 34823 2260 9 which which WDT 34823 2260 10 might may MD 34823 2260 11 be be VB 34823 2260 12 found find VBN 34823 2260 13 , , , 34823 2260 14 either either CC 34823 2260 15 for for IN 34823 2260 16 a a DT 34823 2260 17 moment moment NN 34823 2260 18 of of IN 34823 2260 19 time time NN 34823 2260 20 , , , 34823 2260 21 or or CC 34823 2260 22 as as IN 34823 2260 23 averages average NNS 34823 2260 24 for for IN 34823 2260 25 any any DT 34823 2260 26 given give VBN 34823 2260 27 period period NN 34823 2260 28 , , , 34823 2260 29 will will MD 34823 2260 30 exhibit exhibit VB 34823 2260 31 the the DT 34823 2260 32 relations relation NNS 34823 2260 33 required require VBN 34823 2260 34 , , , 34823 2260 35 and and CC 34823 2260 36 that that IN 34823 2260 37 only only RB 34823 2260 38 a a DT 34823 2260 39 hypothetical hypothetical JJ 34823 2260 40 equation equation NN 34823 2260 41 , , , 34823 2260 42 based base VBN 34823 2260 43 on on IN 34823 2260 44 the the DT 34823 2260 45 figures figure NNS 34823 2260 46 for for IN 34823 2260 47 M M NNP 34823 2260 48 , , , 34823 2260 49 M M NNP 34823 2260 50 ´ ´ NNP 34823 2260 51 , , , 34823 2260 52 V v NN 34823 2260 53 , , , 34823 2260 54 V V NNP 34823 2260 55 ´ ´ CD 34823 2260 56 , , , 34823 2260 57 P p NN 34823 2260 58 and and CC 34823 2260 59 T T NNP 34823 2260 60 that that WDT 34823 2260 61 _ _ NNP 34823 2260 62 would would MD 34823 2260 63 have have VB 34823 2260 64 been be VBN 34823 2260 65 realized realize VBN 34823 2260 66 _ _ NNP 34823 2260 67 had have VBD 34823 2260 68 there there RB 34823 2260 69 been be VBN 34823 2260 70 no no DT 34823 2260 71 " " `` 34823 2260 72 disturbing disturbing JJ 34823 2260 73 " " '' 34823 2260 74 causes cause NNS 34823 2260 75 , , , 34823 2260 76 will will MD 34823 2260 77 show show VB 34823 2260 78 these these DT 34823 2260 79 " " `` 34823 2260 80 normal normal JJ 34823 2260 81 " " '' 34823 2260 82 relations relation NNS 34823 2260 83 ? ? . 34823 2261 1 If if IN 34823 2261 2 , , , 34823 2261 3 as as IN 34823 2261 4 Fisher Fisher NNP 34823 2261 5 at at IN 34823 2261 6 times time NNS 34823 2261 7 indicates indicate VBZ 34823 2261 8 -- -- : 34823 2261 9 as as IN 34823 2261 10 in in IN 34823 2261 11 his -PRON- PRP$ 34823 2261 12 reference reference NN 34823 2261 13 to to IN 34823 2261 14 Boyle Boyle NNP 34823 2261 15 's 's POS 34823 2261 16 Law Law NNP 34823 2261 17 ( ( -LRB- 34823 2261 18 p. p. NN 34823 2261 19 296)--he 296)--he CD 34823 2261 20 is be VBZ 34823 2261 21 stating state VBG 34823 2261 22 only only RB 34823 2261 23 an an DT 34823 2261 24 abstract abstract JJ 34823 2261 25 tendency tendency NN 34823 2261 26 , , , 34823 2261 27 which which WDT 34823 2261 28 may may MD 34823 2261 29 be be VB 34823 2261 30 neutralized neutralize VBN 34823 2261 31 by by IN 34823 2261 32 other other JJ 34823 2261 33 tendencies tendency NNS 34823 2261 34 in in IN 34823 2261 35 the the DT 34823 2261 36 situation situation NN 34823 2261 37 , , , 34823 2261 38 so so RB 34823 2261 39 far far RB 34823 2261 40 as as IN 34823 2261 41 concrete concrete JJ 34823 2261 42 results result NNS 34823 2261 43 are be VBP 34823 2261 44 concerned concern VBN 34823 2261 45 , , , 34823 2261 46 then then RB 34823 2261 47 it -PRON- PRP 34823 2261 48 is be VBZ 34823 2261 49 this this DT 34823 2261 50 last last JJ 34823 2261 51 doctrine doctrine NN 34823 2261 52 which which WDT 34823 2261 53 we -PRON- PRP 34823 2261 54 must must MD 34823 2261 55 take take VB 34823 2261 56 , , , 34823 2261 57 and and CC 34823 2261 58 the the DT 34823 2261 59 concrete concrete JJ 34823 2261 60 equation equation NN 34823 2261 61 of of IN 34823 2261 62 exchange exchange NNP 34823 2261 63 has have VBZ 34823 2261 64 little little JJ 34823 2261 65 if if IN 34823 2261 66 any any DT 34823 2261 67 relevance relevance NN 34823 2261 68 . . . 34823 2262 1 If if IN 34823 2262 2 , , , 34823 2262 3 moreover moreover RB 34823 2262 4 , , , 34823 2262 5 this this DT 34823 2262 6 last last JJ 34823 2262 7 interpretation interpretation NN 34823 2262 8 be be VB 34823 2262 9 given give VBN 34823 2262 10 , , , 34823 2262 11 then then RB 34823 2262 12 the the DT 34823 2262 13 whole whole NN 34823 2262 14 of of IN 34823 2262 15 Fisher Fisher NNP 34823 2262 16 's 's POS 34823 2262 17 elaborate elaborate JJ 34823 2262 18 statistical statistical JJ 34823 2262 19 " " `` 34823 2262 20 proof proof NN 34823 2262 21 " " '' 34823 2262 22 is be VBZ 34823 2262 23 pointless pointless JJ 34823 2262 24 . . . 34823 2263 1 The the DT 34823 2263 2 only only JJ 34823 2263 3 sort sort NN 34823 2263 4 of of IN 34823 2263 5 statistical statistical JJ 34823 2263 6 proof proof NN 34823 2263 7 which which WDT 34823 2263 8 would would MD 34823 2263 9 be be VB 34823 2263 10 relevant relevant JJ 34823 2263 11 would would MD 34823 2263 12 be be VB 34823 2263 13 of of IN 34823 2263 14 a a DT 34823 2263 15 much much RB 34823 2263 16 subtler subtler JJ 34823 2263 17 sort sort NN 34823 2263 18 , , , 34823 2263 19 not not RB 34823 2263 20 a a DT 34823 2263 21 mere mere JJ 34823 2263 22 filling filling NN 34823 2263 23 out out IN 34823 2263 24 of of IN 34823 2263 25 the the DT 34823 2263 26 equation equation NN 34823 2263 27 of of IN 34823 2263 28 exchange exchange NN 34823 2263 29 by by IN 34823 2263 30 means mean NNS 34823 2263 31 of of IN 34823 2263 32 annual annual JJ 34823 2263 33 figures figure NNS 34823 2263 34 , , , 34823 2263 35 but but CC 34823 2263 36 an an DT 34823 2263 37 effort effort NN 34823 2263 38 to to TO 34823 2263 39 disentangle disentangle VB 34823 2263 40 and and CC 34823 2263 41 measure measure VB 34823 2263 42 the the DT 34823 2263 43 _ _ NNP 34823 2263 44 importance importance NN 34823 2263 45 _ _ NNP 34823 2263 46 of of IN 34823 2263 47 his -PRON- PRP$ 34823 2263 48 tendency tendency NN 34823 2263 49 , , , 34823 2263 50 as as IN 34823 2263 51 compared compare VBN 34823 2263 52 with with IN 34823 2263 53 other other JJ 34823 2263 54 tendencies tendency NNS 34823 2263 55 . . . 34823 2264 1 But but CC 34823 2264 2 we -PRON- PRP 34823 2264 3 have have VBP 34823 2264 4 the the DT 34823 2264 5 other other JJ 34823 2264 6 tendencies tendency NNS 34823 2264 7 merely merely RB 34823 2264 8 mentioned mention VBD 34823 2264 9 in in IN 34823 2264 10 qualitative qualitative JJ 34823 2264 11 terms term NNS 34823 2264 12 , , , 34823 2264 13 and and CC 34823 2264 14 we -PRON- PRP 34823 2264 15 never never RB 34823 2264 16 find find VBP 34823 2264 17 any any DT 34823 2264 18 definite definite JJ 34823 2264 19 statement statement NN 34823 2264 20 , , , 34823 2264 21 of of IN 34823 2264 22 mathematical mathematical JJ 34823 2264 23 character character NN 34823 2264 24 , , , 34823 2264 25 as as IN 34823 2264 26 to to IN 34823 2264 27 how how WRB 34823 2264 28 important important JJ 34823 2264 29 they -PRON- PRP 34823 2264 30 are be VBP 34823 2264 31 . . . 34823 2265 1 It -PRON- PRP 34823 2265 2 seems seem VBZ 34823 2265 3 pretty pretty RB 34823 2265 4 clear clear JJ 34823 2265 5 , , , 34823 2265 6 however however RB 34823 2265 7 , , , 34823 2265 8 that that IN 34823 2265 9 on on IN 34823 2265 10 the the DT 34823 2265 11 whole whole NN 34823 2265 12 , , , 34823 2265 13 despite despite IN 34823 2265 14 occasional occasional JJ 34823 2265 15 suggestions suggestion NNS 34823 2265 16 that that IN 34823 2265 17 his -PRON- PRP$ 34823 2265 18 theory theory NN 34823 2265 19 is be VBZ 34823 2265 20 abstract abstract JJ 34823 2265 21 , , , 34823 2265 22 Fisher Fisher NNP 34823 2265 23 means mean VBZ 34823 2265 24 his -PRON- PRP$ 34823 2265 25 theory theory NN 34823 2265 26 to to TO 34823 2265 27 be be VB 34823 2265 28 the the DT 34823 2265 29 overwhelmingly overwhelmingly RB 34823 2265 30 important important JJ 34823 2265 31 point point NN 34823 2265 32 in in IN 34823 2265 33 the the DT 34823 2265 34 explanation explanation NN 34823 2265 35 of of IN 34823 2265 36 actual actual JJ 34823 2265 37 price price NN 34823 2265 38 - - HYPH 34823 2265 39 levels level NNS 34823 2265 40 . . . 34823 2266 1 He -PRON- PRP 34823 2266 2 is be VBZ 34823 2266 3 particularly particularly RB 34823 2266 4 insistent insistent JJ 34823 2266 5 on on IN 34823 2266 6 the the DT 34823 2266 7 high high JJ 34823 2266 8 degree degree NN 34823 2266 9 of of IN 34823 2266 10 the the DT 34823 2266 11 generality generality NN 34823 2266 12 of of IN 34823 2266 13 his -PRON- PRP$ 34823 2266 14 contention contention NN 34823 2266 15 that that IN 34823 2266 16 P p NN 34823 2266 17 is be VBZ 34823 2266 18 passive passive JJ 34823 2266 19 . . . 34823 2267 1 Thus thus RB 34823 2267 2 : : : 34823 2267 3 " " `` 34823 2267 4 So so RB 34823 2267 5 far far RB 34823 2267 6 as as IN 34823 2267 7 I -PRON- PRP 34823 2267 8 can can MD 34823 2267 9 discover discover VB 34823 2267 10 , , , 34823 2267 11 _ _ NNP 34823 2267 12 except except IN 34823 2267 13 to to IN 34823 2267 14 a a DT 34823 2267 15 _ _ NNP 34823 2267 16 LIMITED LIMITED NNP 34823 2267 17 _ _ NNP 34823 2267 18 extent extent NN 34823 2267 19 during during IN 34823 2267 20 transition transition NN 34823 2267 21 periods period NNS 34823 2267 22 , , , 34823 2267 23 or or CC 34823 2267 24 during during IN 34823 2267 25 a a DT 34823 2267 26 passing pass VBG 34823 2267 27 season season NN 34823 2267 28 _ _ NNP 34823 2267 29 , , , 34823 2267 30 ( ( -LRB- 34823 2267 31 _ _ NNP 34823 2267 32 e e NNP 34823 2267 33 . . . 34823 2268 1 g. g. NNP 34823 2268 2 _ _ NNP 34823 2268 3 , , , 34823 2268 4 _ _ NNP 34823 2268 5 the the DT 34823 2268 6 fall fall NN 34823 2268 7 _ _ NNP 34823 2268 8 ) ) -RRB- 34823 2268 9 ( ( -LRB- 34823 2268 10 capitals capital NNS 34823 2268 11 mine mine NN 34823 2268 12 , , , 34823 2268 13 italics italic NNS 34823 2268 14 Fisher Fisher NNP 34823 2268 15 's 's POS 34823 2268 16 ) ) -RRB- 34823 2268 17 , , , 34823 2268 18 there there EX 34823 2268 19 is be VBZ 34823 2268 20 no no DT 34823 2268 21 truth truth NN 34823 2268 22 whatever whatever WDT 34823 2268 23 in in IN 34823 2268 24 the the DT 34823 2268 25 idea idea NN 34823 2268 26 that that IN 34823 2268 27 the the DT 34823 2268 28 price price NN 34823 2268 29 - - HYPH 34823 2268 30 level level NN 34823 2268 31 is be VBZ 34823 2268 32 an an DT 34823 2268 33 independent independent JJ 34823 2268 34 cause cause NN 34823 2268 35 of of IN 34823 2268 36 changes change NNS 34823 2268 37 in in IN 34823 2268 38 any any DT 34823 2268 39 of of IN 34823 2268 40 the the DT 34823 2268 41 other other JJ 34823 2268 42 magnitudes magnitude NNS 34823 2268 43 , , , 34823 2268 44 M M NNP 34823 2268 45 , , , 34823 2268 46 M M NNP 34823 2268 47 ´ ´ NNP 34823 2268 48 , , , 34823 2268 49 V v NN 34823 2268 50 , , , 34823 2268 51 V V NNP 34823 2268 52 ´ ´ CD 34823 2268 53 , , , 34823 2268 54 or or CC 34823 2268 55 the the DT 34823 2268 56 Q Q NNP 34823 2268 57 's 's POS 34823 2268 58 . . . 34823 2269 1 " " `` 34823 2269 2 [ [ -LRB- 34823 2269 3 189 189 CD 34823 2269 4 ] ] -RRB- 34823 2269 5 On on IN 34823 2269 6 p. p. NN 34823 2269 7 182 182 CD 34823 2269 8 he -PRON- PRP 34823 2269 9 enumerates enumerate VBZ 34823 2269 10 in in IN 34823 2269 11 a a DT 34823 2269 12 series series NN 34823 2269 13 of of IN 34823 2269 14 propositions proposition NNS 34823 2269 15 his -PRON- PRP$ 34823 2269 16 general general JJ 34823 2269 17 normal normal JJ 34823 2269 18 theory theory NN 34823 2269 19 , , , 34823 2269 20 and and CC 34823 2269 21 adds add VBZ 34823 2269 22 , , , 34823 2269 23 as as IN 34823 2269 24 the the DT 34823 2269 25 first first JJ 34823 2269 26 sentence sentence NN 34823 2269 27 of of IN 34823 2269 28 proposition proposition NN 34823 2269 29 9 9 CD 34823 2269 30 : : : 34823 2269 31 " " `` 34823 2269 32 Some some DT 34823 2269 33 of of IN 34823 2269 34 the the DT 34823 2269 35 foregoing foregoing JJ 34823 2269 36 propositions proposition NNS 34823 2269 37 _ _ NNP 34823 2269 38 are be VBP 34823 2269 39 subject subject JJ 34823 2269 40 to to IN 34823 2269 41 _ _ NNP 34823 2269 42 SLIGHT SLIGHT NNP 34823 2269 43 _ _ NNP 34823 2269 44 modification modification NN 34823 2269 45 during during IN 34823 2269 46 transition transition NN 34823 2269 47 periods period NNS 34823 2269 48 _ _ NNP 34823 2269 49 . . . 34823 2269 50 " " '' 34823 2270 1 ( ( -LRB- 34823 2270 2 Italics italic NNS 34823 2270 3 and and CC 34823 2270 4 capitals capital NNS 34823 2270 5 mine mine NN 34823 2270 6 . . . 34823 2270 7 ) ) -RRB- 34823 2271 1 And and CC 34823 2271 2 the the DT 34823 2271 3 general general JJ 34823 2271 4 drift drift NN 34823 2271 5 of of IN 34823 2271 6 the the DT 34823 2271 7 argument argument NN 34823 2271 8 , , , 34823 2271 9 particularly particularly RB 34823 2271 10 in in IN 34823 2271 11 chapter chapter NN 34823 2271 12 8 8 CD 34823 2271 13 , , , 34823 2271 14 where where WRB 34823 2271 15 the the DT 34823 2271 16 heart heart NN 34823 2271 17 of of IN 34823 2271 18 Fisher Fisher NNP 34823 2271 19 's 's POS 34823 2271 20 causal causal JJ 34823 2271 21 theory theory NN 34823 2271 22 is be VBZ 34823 2271 23 presented present VBN 34823 2271 24 , , , 34823 2271 25 would would MD 34823 2271 26 indicate indicate VB 34823 2271 27 that that IN 34823 2271 28 the the DT 34823 2271 29 concessions concession NNS 34823 2271 30 he -PRON- PRP 34823 2271 31 is be VBZ 34823 2271 32 disposed dispose VBN 34823 2271 33 to to TO 34823 2271 34 make make VB 34823 2271 35 are be VBP 34823 2271 36 very very RB 34823 2271 37 slight slight JJ 34823 2271 38 , , , 34823 2271 39 indeed indeed RB 34823 2271 40 . . . 34823 2272 1 The the DT 34823 2272 2 question question NN 34823 2272 3 as as IN 34823 2272 4 to to IN 34823 2272 5 how how WRB 34823 2272 6 long long RB 34823 2272 7 a a DT 34823 2272 8 _ _ NNP 34823 2272 9 time time NN 34823 2272 10 _ _ NNP 34823 2272 11 is be VBZ 34823 2272 12 required require VBN 34823 2272 13 , , , 34823 2272 14 in in IN 34823 2272 15 Fisher Fisher NNP 34823 2272 16 's 's POS 34823 2272 17 view view NN 34823 2272 18 , , , 34823 2272 19 for for IN 34823 2272 20 a a DT 34823 2272 21 transition transition NN 34823 2272 22 to to TO 34823 2272 23 occur occur VB 34823 2272 24 , , , 34823 2272 25 and and CC 34823 2272 26 for for IN 34823 2272 27 his -PRON- PRP$ 34823 2272 28 normal normal JJ 34823 2272 29 tendencies tendency NNS 34823 2272 30 to to TO 34823 2272 31 dominate dominate VB 34823 2272 32 , , , 34823 2272 33 is be VBZ 34823 2272 34 nowhere nowhere RB 34823 2272 35 made make VBN 34823 2272 36 clear clear JJ 34823 2272 37 . . . 34823 2273 1 The the DT 34823 2273 2 quantity quantity NN 34823 2273 3 theory theory NN 34823 2273 4 , , , 34823 2273 5 in in IN 34823 2273 6 the the DT 34823 2273 7 hands hand NNS 34823 2273 8 of of IN 34823 2273 9 some some DT 34823 2273 10 writers writer NNS 34823 2273 11 , , , 34823 2273 12 is be VBZ 34823 2273 13 a a DT 34823 2273 14 very very RB 34823 2273 15 long long JJ 34823 2273 16 run run NN 34823 2273 17 theory theory NN 34823 2273 18 , , , 34823 2273 19 for for IN 34823 2273 20 others other NNS 34823 2273 21 , , , 34823 2273 22 it -PRON- PRP 34823 2273 23 is be VBZ 34823 2273 24 a a DT 34823 2273 25 short short JJ 34823 2273 26 run run NN 34823 2273 27 theory theory NN 34823 2273 28 . . . 34823 2274 1 Thus thus RB 34823 2274 2 , , , 34823 2274 3 Taussig Taussig NNP 34823 2274 4 would would MD 34823 2274 5 make make VB 34823 2274 6 the the DT 34823 2274 7 " " `` 34823 2274 8 run run NN 34823 2274 9 " " '' 34823 2274 10 exceedingly exceedingly RB 34823 2274 11 long long JJ 34823 2274 12 . . . 34823 2275 1 [ [ -LRB- 34823 2275 2 190 190 CD 34823 2275 3 ] ] -RRB- 34823 2275 4 Mill Mill NNP 34823 2275 5 makes make VBZ 34823 2275 6 it -PRON- PRP 34823 2275 7 a a DT 34823 2275 8 short short JJ 34823 2275 9 run run NN 34823 2275 10 theory theory NN 34823 2275 11 . . . 34823 2276 1 " " `` 34823 2276 2 It -PRON- PRP 34823 2276 3 is be VBZ 34823 2276 4 not not RB 34823 2276 5 , , , 34823 2276 6 however however RB 34823 2276 7 , , , 34823 2276 8 with with IN 34823 2276 9 ultimate ultimate JJ 34823 2276 10 or or CC 34823 2276 11 average average JJ 34823 2276 12 , , , 34823 2276 13 but but CC 34823 2276 14 with with IN 34823 2276 15 immediate immediate JJ 34823 2276 16 and and CC 34823 2276 17 temporary temporary JJ 34823 2276 18 prices price NNS 34823 2276 19 , , , 34823 2276 20 that that IN 34823 2276 21 we -PRON- PRP 34823 2276 22 are be VBP 34823 2276 23 now now RB 34823 2276 24 concerned concern VBN 34823 2276 25 . . . 34823 2277 1 These these DT 34823 2277 2 , , , 34823 2277 3 as as IN 34823 2277 4 we -PRON- PRP 34823 2277 5 have have VBP 34823 2277 6 seen see VBN 34823 2277 7 , , , 34823 2277 8 may may MD 34823 2277 9 deviate deviate VB 34823 2277 10 widely widely RB 34823 2277 11 from from IN 34823 2277 12 the the DT 34823 2277 13 standard standard NN 34823 2277 14 of of IN 34823 2277 15 cost cost NN 34823 2277 16 of of IN 34823 2277 17 production production NN 34823 2277 18 . . . 34823 2278 1 Among among IN 34823 2278 2 other other JJ 34823 2278 3 causes cause NNS 34823 2278 4 of of IN 34823 2278 5 fluctuation fluctuation NN 34823 2278 6 , , , 34823 2278 7 one one CD 34823 2278 8 we -PRON- PRP 34823 2278 9 have have VBP 34823 2278 10 found find VBN 34823 2278 11 to to TO 34823 2278 12 be be VB 34823 2278 13 , , , 34823 2278 14 the the DT 34823 2278 15 quantity quantity NN 34823 2278 16 of of IN 34823 2278 17 money money NN 34823 2278 18 in in IN 34823 2278 19 circulation circulation NN 34823 2278 20 . . . 34823 2279 1 Other other JJ 34823 2279 2 things thing NNS 34823 2279 3 being be VBG 34823 2279 4 the the DT 34823 2279 5 same same JJ 34823 2279 6 , , , 34823 2279 7 an an DT 34823 2279 8 increase increase NN 34823 2279 9 of of IN 34823 2279 10 the the DT 34823 2279 11 money money NN 34823 2279 12 in in IN 34823 2279 13 circulation circulation NN 34823 2279 14 raises raise VBZ 34823 2279 15 prices price NNS 34823 2279 16 , , , 34823 2279 17 a a DT 34823 2279 18 diminution diminution NN 34823 2279 19 lowers lower VBZ 34823 2279 20 them -PRON- PRP 34823 2279 21 . . . 34823 2280 1 If if IN 34823 2280 2 more more JJR 34823 2280 3 money money NN 34823 2280 4 is be VBZ 34823 2280 5 thrown throw VBN 34823 2280 6 into into IN 34823 2280 7 circulation circulation NN 34823 2280 8 than than IN 34823 2280 9 the the DT 34823 2280 10 quantity quantity NN 34823 2280 11 which which WDT 34823 2280 12 can can MD 34823 2280 13 circulate circulate VB 34823 2280 14 at at IN 34823 2280 15 a a DT 34823 2280 16 value value NN 34823 2280 17 conformable conformable NN 34823 2280 18 to to IN 34823 2280 19 its -PRON- PRP$ 34823 2280 20 cost cost NN 34823 2280 21 of of IN 34823 2280 22 production production NN 34823 2280 23 , , , 34823 2280 24 the the DT 34823 2280 25 value value NN 34823 2280 26 of of IN 34823 2280 27 money money NN 34823 2280 28 , , , 34823 2280 29 so so RB 34823 2280 30 long long RB 34823 2280 31 as as IN 34823 2280 32 the the DT 34823 2280 33 excess excess JJ 34823 2280 34 lasts last NNS 34823 2280 35 , , , 34823 2280 36 will will MD 34823 2280 37 remain remain VB 34823 2280 38 below below IN 34823 2280 39 the the DT 34823 2280 40 standard standard NN 34823 2280 41 of of IN 34823 2280 42 cost cost NN 34823 2280 43 of of IN 34823 2280 44 production production NN 34823 2280 45 , , , 34823 2280 46 and and CC 34823 2280 47 general general JJ 34823 2280 48 prices price NNS 34823 2280 49 will will MD 34823 2280 50 be be VB 34823 2280 51 sustained sustain VBN 34823 2280 52 above above IN 34823 2280 53 the the DT 34823 2280 54 natural natural JJ 34823 2280 55 rate rate NN 34823 2280 56 . . . 34823 2281 1 " " `` 34823 2281 2 [ [ -LRB- 34823 2281 3 191 191 CD 34823 2281 4 ] ] -RRB- 34823 2281 5 I -PRON- PRP 34823 2281 6 pause pause VBP 34823 2281 7 to to TO 34823 2281 8 note note VB 34823 2281 9 that that IN 34823 2281 10 it -PRON- PRP 34823 2281 11 is be VBZ 34823 2281 12 really really RB 34823 2281 13 strange strange JJ 34823 2281 14 that that IN 34823 2281 15 a a DT 34823 2281 16 single single JJ 34823 2281 17 name name NN 34823 2281 18 should should MD 34823 2281 19 describe describe VB 34823 2281 20 theories theory NNS 34823 2281 21 so so RB 34823 2281 22 different different JJ 34823 2281 23 , , , 34823 2281 24 resting rest VBG 34823 2281 25 on on IN 34823 2281 26 such such JJ 34823 2281 27 essentially essentially RB 34823 2281 28 different different JJ 34823 2281 29 logic logic NN 34823 2281 30 . . . 34823 2282 1 Long long JJ 34823 2282 2 run run NN 34823 2282 3 or or CC 34823 2282 4 short short JJ 34823 2282 5 run run NN 34823 2282 6 theories theory NNS 34823 2282 7 , , , 34823 2282 8 all all DT 34823 2282 9 are be VBP 34823 2282 10 " " `` 34823 2282 11 quantity quantity NN 34823 2282 12 theories theory NNS 34823 2282 13 , , , 34823 2282 14 " " '' 34823 2282 15 whether whether IN 34823 2282 16 " " `` 34823 2282 17 money money NN 34823 2282 18 " " '' 34823 2282 19 be be VB 34823 2282 20 defined define VBN 34823 2282 21 as as IN 34823 2282 22 gold gold NN 34823 2282 23 , , , 34823 2282 24 or or CC 34823 2282 25 as as IN 34823 2282 26 all all DT 34823 2282 27 manner manner NN 34823 2282 28 of of IN 34823 2282 29 media medium NNS 34823 2282 30 of of IN 34823 2282 31 exchange exchange NN 34823 2282 32 , , , 34823 2282 33 or or CC 34823 2282 34 as as IN 34823 2282 35 only only RB 34823 2282 36 those those DT 34823 2282 37 media medium NNS 34823 2282 38 of of IN 34823 2282 39 exchange exchange NN 34823 2282 40 which which WDT 34823 2282 41 pass pass VBP 34823 2282 42 from from IN 34823 2282 43 hand hand NN 34823 2282 44 to to IN 34823 2282 45 hand hand NN 34823 2282 46 without without IN 34823 2282 47 endorsement endorsement NN 34823 2282 48 . . . 34823 2283 1 Fisher Fisher NNP 34823 2283 2 would would MD 34823 2283 3 doubtless doubtless RB 34823 2283 4 call call VB 34823 2283 5 his -PRON- PRP$ 34823 2283 6 theory theory NN 34823 2283 7 a a DT 34823 2283 8 long long JJ 34823 2283 9 run run NN 34823 2283 10 theory theory NN 34823 2283 11 . . . 34823 2284 1 From from IN 34823 2284 2 the the DT 34823 2284 3 standpoint standpoint NN 34823 2284 4 of of IN 34823 2284 5 the the DT 34823 2284 6 notion notion NN 34823 2284 7 that that IN 34823 2284 8 " " `` 34823 2284 9 prices price NNS 34823 2284 10 ... ... : 34823 2284 11 lag lag VBP 34823 2284 12 behind behind IN 34823 2284 13 their -PRON- PRP$ 34823 2284 14 full full JJ 34823 2284 15 adjustment adjustment NN 34823 2284 16 and and CC 34823 2284 17 have have VB 34823 2284 18 to to TO 34823 2284 19 be be VB 34823 2284 20 pushed push VBN 34823 2284 21 up up RP 34823 2284 22 , , , 34823 2284 23 so so RB 34823 2284 24 to to TO 34823 2284 25 speak speak VB 34823 2284 26 , , , 34823 2284 27 by by IN 34823 2284 28 increased increase VBN 34823 2284 29 purchases,"[192 purchases,"[192 NN 34823 2284 30 ] ] -RRB- 34823 2284 31 however however RB 34823 2284 32 , , , 34823 2284 33 we -PRON- PRP 34823 2284 34 get get VBP 34823 2284 35 a a DT 34823 2284 36 short short JJ 34823 2284 37 run run NN 34823 2284 38 quantity quantity NN 34823 2284 39 theory theory NN 34823 2284 40 doctrine doctrine NN 34823 2284 41 . . . 34823 2285 1 The the DT 34823 2285 2 logic logic NN 34823 2285 3 of of IN 34823 2285 4 these these DT 34823 2285 5 two two CD 34823 2285 6 is be VBZ 34823 2285 7 very very RB 34823 2285 8 different different JJ 34823 2285 9 . . . 34823 2286 1 The the DT 34823 2286 2 short short JJ 34823 2286 3 run run NN 34823 2286 4 doctrine doctrine NN 34823 2286 5 seeks seek VBZ 34823 2286 6 to to TO 34823 2286 7 explain explain VB 34823 2286 8 the the DT 34823 2286 9 actual actual JJ 34823 2286 10 process process NN 34823 2286 11 of of IN 34823 2286 12 price price NN 34823 2286 13 - - HYPH 34823 2286 14 making making NN 34823 2286 15 in in IN 34823 2286 16 the the DT 34823 2286 17 market market NN 34823 2286 18 . . . 34823 2287 1 Money money NN 34823 2287 2 is be VBZ 34823 2287 3 offered offer VBN 34823 2287 4 against against IN 34823 2287 5 goods good NNS 34823 2287 6 , , , 34823 2287 7 and and CC 34823 2287 8 the the DT 34823 2287 9 actual actual JJ 34823 2287 10 quantities quantity NNS 34823 2287 11 on on IN 34823 2287 12 each each DT 34823 2287 13 side side NN 34823 2287 14 determine determine VB 34823 2287 15 the the DT 34823 2287 16 momentary momentary JJ 34823 2287 17 price price NN 34823 2287 18 - - HYPH 34823 2287 19 level level NN 34823 2287 20 , , , 34823 2287 21 concretely concretely RB 34823 2287 22 . . . 34823 2288 1 Or or CC 34823 2288 2 , , , 34823 2288 3 when when WRB 34823 2288 4 credit credit NN 34823 2288 5 is be VBZ 34823 2288 6 considered consider VBN 34823 2288 7 , , , 34823 2288 8 money money NN 34823 2288 9 and and CC 34823 2288 10 credit credit NN 34823 2288 11 offered offer VBN 34823 2288 12 against against IN 34823 2288 13 goods good NNS 34823 2288 14 , , , 34823 2288 15 at at IN 34823 2288 16 a a DT 34823 2288 17 given give VBN 34823 2288 18 time time NN 34823 2288 19 , , , 34823 2288 20 or or CC 34823 2288 21 in in IN 34823 2288 22 a a DT 34823 2288 23 given give VBN 34823 2288 24 short short JJ 34823 2288 25 period period NN 34823 2288 26 , , , 34823 2288 27 determine determine VB 34823 2288 28 the the DT 34823 2288 29 actual actual JJ 34823 2288 30 price price NN 34823 2288 31 - - HYPH 34823 2288 32 level level NN 34823 2288 33 reached reach VBN 34823 2288 34 . . . 34823 2289 1 This this DT 34823 2289 2 is be VBZ 34823 2289 3 the the DT 34823 2289 4 logic logic NN 34823 2289 5 of of IN 34823 2289 6 the the DT 34823 2289 7 equation equation NN 34823 2289 8 of of IN 34823 2289 9 exchange exchange NN 34823 2289 10 -- -- : 34823 2289 11 actual actual JJ 34823 2289 12 money money NN 34823 2289 13 paid pay VBN 34823 2289 14 is be VBZ 34823 2289 15 necessarily necessarily RB 34823 2289 16 equal equal JJ 34823 2289 17 to to IN 34823 2289 18 actual actual JJ 34823 2289 19 money money NN 34823 2289 20 received receive VBN 34823 2289 21 . . . 34823 2290 1 The the DT 34823 2290 2 long long JJ 34823 2290 3 run run NN 34823 2290 4 doctrine doctrine NN 34823 2290 5 is be VBZ 34823 2290 6 fundamentally fundamentally RB 34823 2290 7 based base VBN 34823 2290 8 on on IN 34823 2290 9 a a DT 34823 2290 10 different different JJ 34823 2290 11 notion notion NN 34823 2290 12 . . . 34823 2291 1 Surrendering surrender VBG 34823 2291 2 the the DT 34823 2291 3 actual actual JJ 34823 2291 4 or or CC 34823 2291 5 average average JJ 34823 2291 6 of of IN 34823 2291 7 price price NN 34823 2291 8 - - HYPH 34823 2291 9 levels level NNS 34823 2291 10 to to IN 34823 2291 11 other other JJ 34823 2291 12 causes cause NNS 34823 2291 13 , , , 34823 2291 14 in in IN 34823 2291 15 part part NN 34823 2291 16 , , , 34823 2291 17 it -PRON- PRP 34823 2291 18 still still RB 34823 2291 19 asserts assert VBZ 34823 2291 20 that that IN 34823 2291 21 , , , 34823 2291 22 given give VBN 34823 2291 23 time time NN 34823 2291 24 enough enough RB 34823 2291 25 , , , 34823 2291 26 and and CC 34823 2291 27 barring bar VBG 34823 2291 28 new new JJ 34823 2291 29 disturbing disturbing JJ 34823 2291 30 tendencies tendency NNS 34823 2291 31 , , , 34823 2291 32 a a DT 34823 2291 33 price price NN 34823 2291 34 - - HYPH 34823 2291 35 level level NN 34823 2291 36 will will MD 34823 2291 37 ultimately ultimately RB 34823 2291 38 be be VB 34823 2291 39 reached reach VBN 34823 2291 40 which which WDT 34823 2291 41 will will MD 34823 2291 42 bear bear VB 34823 2291 43 it -PRON- PRP 34823 2291 44 out out RP 34823 2291 45 . . . 34823 2292 1 I -PRON- PRP 34823 2292 2 find find VBP 34823 2292 3 no no DT 34823 2292 4 recognition recognition NN 34823 2292 5 , , , 34823 2292 6 on on IN 34823 2292 7 Fisher Fisher NNP 34823 2292 8 's 's POS 34823 2292 9 part part NN 34823 2292 10 , , , 34823 2292 11 of of IN 34823 2292 12 the the DT 34823 2292 13 fact fact NN 34823 2292 14 that that IN 34823 2292 15 these these DT 34823 2292 16 two two CD 34823 2292 17 doctrines doctrine NNS 34823 2292 18 are be VBP 34823 2292 19 different different JJ 34823 2292 20 , , , 34823 2292 21 and and CC 34823 2292 22 , , , 34823 2292 23 in in IN 34823 2292 24 fact fact NN 34823 2292 25 , , , 34823 2292 26 I -PRON- PRP 34823 2292 27 find find VBP 34823 2292 28 them -PRON- PRP 34823 2292 29 blended blend VBN 34823 2292 30 and and CC 34823 2292 31 confused confuse VBD 34823 2292 32 in in IN 34823 2292 33 the the DT 34823 2292 34 course course NN 34823 2292 35 of of IN 34823 2292 36 his -PRON- PRP$ 34823 2292 37 argument argument NN 34823 2292 38 . . . 34823 2293 1 He -PRON- PRP 34823 2293 2 would would MD 34823 2293 3 doubtless doubtless RB 34823 2293 4 maintain maintain VB 34823 2293 5 that that IN 34823 2293 6 his -PRON- PRP$ 34823 2293 7 is be VBZ 34823 2293 8 a a DT 34823 2293 9 long long JJ 34823 2293 10 run run NN 34823 2293 11 doctrine doctrine NN 34823 2293 12 . . . 34823 2294 1 But but CC 34823 2294 2 how how WRB 34823 2294 3 long long RB 34823 2294 4 is be VBZ 34823 2294 5 the the DT 34823 2294 6 " " `` 34823 2294 7 run run NN 34823 2294 8 " " '' 34823 2294 9 ? ? . 34823 2295 1 Sometimes sometimes RB 34823 2295 2 it -PRON- PRP 34823 2295 3 seems seem VBZ 34823 2295 4 to to TO 34823 2295 5 be be VB 34823 2295 6 , , , 34823 2295 7 as as IN 34823 2295 8 already already RB 34823 2295 9 shown show VBN 34823 2295 10 , , , 34823 2295 11 a a DT 34823 2295 12 whole whole JJ 34823 2295 13 business business NN 34823 2295 14 cycle cycle NN 34823 2295 15 . . . 34823 2296 1 Sometimes sometimes RB 34823 2296 2 a a DT 34823 2296 3 passing pass VBG 34823 2296 4 season season NN 34823 2296 5 , , , 34823 2296 6 as as IN 34823 2296 7 the the DT 34823 2296 8 fall fall NN 34823 2296 9 . . . 34823 2297 1 When when WRB 34823 2297 2 he -PRON- PRP 34823 2297 3 undertakes undertake VBZ 34823 2297 4 to to TO 34823 2297 5 apply apply VB 34823 2297 6 his -PRON- PRP$ 34823 2297 7 theory theory NN 34823 2297 8 to to IN 34823 2297 9 a a DT 34823 2297 10 practical practical JJ 34823 2297 11 proposal proposal NN 34823 2297 12 for for IN 34823 2297 13 regulating regulate VBG 34823 2297 14 the the DT 34823 2297 15 value value NN 34823 2297 16 of of IN 34823 2297 17 money money NN 34823 2297 18 , , , 34823 2297 19 he -PRON- PRP 34823 2297 20 relies rely VBZ 34823 2297 21 on on IN 34823 2297 22 the the DT 34823 2297 23 quantity quantity NN 34823 2297 24 theory theory NN 34823 2297 25 tendency tendency NN 34823 2297 26 to to TO 34823 2297 27 bring bring VB 34823 2297 28 about about RP 34823 2297 29 adjustments adjustment NNS 34823 2297 30 so so RB 34823 2297 31 quickly quickly RB 34823 2297 32 that that IN 34823 2297 33 it -PRON- PRP 34823 2297 34 is be VBZ 34823 2297 35 worth worth JJ 34823 2297 36 while while IN 34823 2297 37 to to TO 34823 2297 38 make make VB 34823 2297 39 _ _ NNP 34823 2297 40 monthly monthly JJ 34823 2297 41 _ _ NNP 34823 2297 42 adjustments adjustment NNS 34823 2297 43 in in IN 34823 2297 44 anticipation anticipation NN 34823 2297 45 of of IN 34823 2297 46 it -PRON- PRP 34823 2297 47 . . . 34823 2298 1 [ [ -LRB- 34823 2298 2 193 193 CD 34823 2298 3 ] ] -RRB- 34823 2298 4 When when WRB 34823 2298 5 discussing discuss VBG 34823 2298 6 the the DT 34823 2298 7 changes change NNS 34823 2298 8 in in IN 34823 2298 9 gold gold JJ 34823 2298 10 premium premium NN 34823 2298 11 on on IN 34823 2298 12 the the DT 34823 2298 13 Greenbacks greenback NNS 34823 2298 14 during during IN 34823 2298 15 the the DT 34823 2298 16 exciting exciting JJ 34823 2298 17 times time NNS 34823 2298 18 of of IN 34823 2298 19 the the DT 34823 2298 20 Civil Civil NNP 34823 2298 21 War War NNP 34823 2298 22 , , , 34823 2298 23 he -PRON- PRP 34823 2298 24 relies rely VBZ 34823 2298 25 so so RB 34823 2298 26 thoroughly thoroughly RB 34823 2298 27 on on IN 34823 2298 28 his -PRON- PRP$ 34823 2298 29 theory theory NN 34823 2298 30 that that IN 34823 2298 31 he -PRON- PRP 34823 2298 32 will will MD 34823 2298 33 not not RB 34823 2298 34 allow allow VB 34823 2298 35 even even RB 34823 2298 36 the the DT 34823 2298 37 rapid rapid JJ 34823 2298 38 change change NN 34823 2298 39 of of IN 34823 2298 40 four four CD 34823 2298 41 per per NN 34823 2298 42 cent cent NN 34823 2298 43 in in IN 34823 2298 44 a a DT 34823 2298 45 single single JJ 34823 2298 46 day day NN 34823 2298 47 following follow VBG 34823 2298 48 Chickamauga Chickamauga NNP 34823 2298 49 to to TO 34823 2298 50 occur occur VB 34823 2298 51 except except IN 34823 2298 52 in in IN 34823 2298 53 conformity conformity NN 34823 2298 54 with with IN 34823 2298 55 the the DT 34823 2298 56 quantity quantity NN 34823 2298 57 theory theory NN 34823 2298 58 . . . 34823 2299 1 This this DT 34823 2299 2 last last JJ 34823 2299 3 statement statement NN 34823 2299 4 is be VBZ 34823 2299 5 so so RB 34823 2299 6 remarkable remarkable JJ 34823 2299 7 that that IN 34823 2299 8 I -PRON- PRP 34823 2299 9 must must MD 34823 2299 10 quote quote VB 34823 2299 11 Fisher Fisher NNP 34823 2299 12 himself -PRON- PRP 34823 2299 13 : : : 34823 2299 14 " " `` 34823 2299 15 It -PRON- PRP 34823 2299 16 would would MD 34823 2299 17 be be VB 34823 2299 18 a a DT 34823 2299 19 grave grave JJ 34823 2299 20 mistake mistake NN 34823 2299 21 to to IN 34823 2299 22 reason reason NN 34823 2299 23 , , , 34823 2299 24 because because IN 34823 2299 25 the the DT 34823 2299 26 losses loss NNS 34823 2299 27 at at IN 34823 2299 28 Chickamauga Chickamauga NNP 34823 2299 29 caused cause VBD 34823 2299 30 greenbacks greenback NNS 34823 2299 31 to to TO 34823 2299 32 fall fall VB 34823 2299 33 4 4 CD 34823 2299 34 % % NN 34823 2299 35 in in IN 34823 2299 36 a a DT 34823 2299 37 single single JJ 34823 2299 38 day day NN 34823 2299 39 , , , 34823 2299 40 that that IN 34823 2299 41 their -PRON- PRP$ 34823 2299 42 value value NN 34823 2299 43 had have VBD 34823 2299 44 no no DT 34823 2299 45 relation relation NN 34823 2299 46 to to IN 34823 2299 47 their -PRON- PRP$ 34823 2299 48 volume volume NN 34823 2299 49 . . . 34823 2300 1 This this DT 34823 2300 2 fall fall NN 34823 2300 3 indicated indicate VBD 34823 2300 4 a a DT 34823 2300 5 slight slight JJ 34823 2300 6 acceleration acceleration NN 34823 2300 7 in in IN 34823 2300 8 the the DT 34823 2300 9 velocity velocity NN 34823 2300 10 of of IN 34823 2300 11 circulation circulation NN 34823 2300 12 , , , 34823 2300 13 and and CC 34823 2300 14 a a DT 34823 2300 15 slight slight JJ 34823 2300 16 retardation retardation NN 34823 2300 17 in in IN 34823 2300 18 the the DT 34823 2300 19 volume volume NN 34823 2300 20 of of IN 34823 2300 21 trade trade NN 34823 2300 22 " " '' 34823 2300 23 ( ( -LRB- 34823 2300 24 263 263 CD 34823 2300 25 ) ) -RRB- 34823 2300 26 . . . 34823 2301 1 It -PRON- PRP 34823 2301 2 would would MD 34823 2301 3 be be VB 34823 2301 4 indeed indeed RB 34823 2301 5 remarkable remarkable JJ 34823 2301 6 if if IN 34823 2301 7 the the DT 34823 2301 8 changes change NNS 34823 2301 9 in in IN 34823 2301 10 the the DT 34823 2301 11 gold gold NN 34823 2301 12 market market NN 34823 2301 13 , , , 34823 2301 14 which which WDT 34823 2301 15 got get VBD 34823 2301 16 war war NN 34823 2301 17 news news NN 34823 2301 18 before before IN 34823 2301 19 the the DT 34823 2301 20 newspapers newspaper NNS 34823 2301 21 got get VBD 34823 2301 22 it -PRON- PRP 34823 2301 23 , , , 34823 2301 24 and and CC 34823 2301 25 where where WRB 34823 2301 26 changes change NNS 34823 2301 27 in in IN 34823 2301 28 gold gold JJ 34823 2301 29 premium premium NN 34823 2301 30 occurred occur VBD 34823 2301 31 before before IN 34823 2301 32 the the DT 34823 2301 33 rest rest NN 34823 2301 34 of of IN 34823 2301 35 the the DT 34823 2301 36 country country NN 34823 2301 37 could could MD 34823 2301 38 possibly possibly RB 34823 2301 39 react react VB 34823 2301 40 to to IN 34823 2301 41 the the DT 34823 2301 42 war war NN 34823 2301 43 news news NN 34823 2301 44 , , , 34823 2301 45 should should MD 34823 2301 46 be be VB 34823 2301 47 controlled control VBN 34823 2301 48 by by IN 34823 2301 49 V v NN 34823 2301 50 and and CC 34823 2301 51 T t NN 34823 2301 52 ! ! . 34823 2302 1 I -PRON- PRP 34823 2302 2 had have VBD 34823 2302 3 not not RB 34823 2302 4 supposed suppose VBN 34823 2302 5 that that IN 34823 2302 6 the the DT 34823 2302 7 most most RBS 34823 2302 8 rigorous rigorous JJ 34823 2302 9 of of IN 34823 2302 10 short short JJ 34823 2302 11 run run NN 34823 2302 12 quantity quantity NN 34823 2302 13 theorists theorist NNS 34823 2302 14 would would MD 34823 2302 15 make make VB 34823 2302 16 any any DT 34823 2302 17 such such JJ 34823 2302 18 demands demand NNS 34823 2302 19 on on IN 34823 2302 20 his -PRON- PRP$ 34823 2302 21 theory theory NN 34823 2302 22 as as IN 34823 2302 23 that that DT 34823 2302 24 . . . 34823 2303 1 Indeed indeed RB 34823 2303 2 , , , 34823 2303 3 I -PRON- PRP 34823 2303 4 had have VBD 34823 2303 5 not not RB 34823 2303 6 supposed suppose VBN 34823 2303 7 that that IN 34823 2303 8 the the DT 34823 2303 9 quantity quantity NN 34823 2303 10 theory theory NN 34823 2303 11 would would MD 34823 2303 12 feel feel VB 34823 2303 13 called call VBN 34823 2303 14 on on RP 34823 2303 15 to to TO 34823 2303 16 explain explain VB 34823 2303 17 the the DT 34823 2303 18 gold gold NN 34823 2303 19 premium premium NN 34823 2303 20 , , , 34823 2303 21 as as IN 34823 2303 22 such such JJ 34823 2303 23 , , , 34823 2303 24 except except IN 34823 2303 25 in in IN 34823 2303 26 so so RB 34823 2303 27 far far RB 34823 2303 28 as as IN 34823 2303 29 the the DT 34823 2303 30 gold gold NN 34823 2303 31 premium premium NN 34823 2303 32 is be VBZ 34823 2303 33 an an DT 34823 2303 34 index index NN 34823 2303 35 of of IN 34823 2303 36 general general JJ 34823 2303 37 prices price NNS 34823 2303 38 . . . 34823 2304 1 Finding find VBG 34823 2304 2 it -PRON- PRP 34823 2304 3 impossible impossible JJ 34823 2304 4 to to TO 34823 2304 5 limit limit VB 34823 2304 6 Fisher Fisher NNP 34823 2304 7 to to IN 34823 2304 8 any any DT 34823 2304 9 single single JJ 34823 2304 10 statement statement NN 34823 2304 11 of of IN 34823 2304 12 the the DT 34823 2304 13 quantitative quantitative JJ 34823 2304 14 importance importance NN 34823 2304 15 of of IN 34823 2304 16 his -PRON- PRP$ 34823 2304 17 normal normal JJ 34823 2304 18 theory theory NN 34823 2304 19 as as IN 34823 2304 20 compared compare VBN 34823 2304 21 with with IN 34823 2304 22 the the DT 34823 2304 23 other other JJ 34823 2304 24 tendencies tendency NNS 34823 2304 25 at at IN 34823 2304 26 work work NN 34823 2304 27 , , , 34823 2304 28 but but CC 34823 2304 29 concluding conclude VBG 34823 2304 30 that that IN 34823 2304 31 , , , 34823 2304 32 on on IN 34823 2304 33 the the DT 34823 2304 34 whole whole NN 34823 2304 35 , , , 34823 2304 36 he -PRON- PRP 34823 2304 37 considers consider VBZ 34823 2304 38 it -PRON- PRP 34823 2304 39 of of IN 34823 2304 40 high high JJ 34823 2304 41 importance importance NN 34823 2304 42 , , , 34823 2304 43 I -PRON- PRP 34823 2304 44 shall shall MD 34823 2304 45 now now RB 34823 2304 46 proceed proceed VB 34823 2304 47 to to IN 34823 2304 48 an an DT 34823 2304 49 analysis analysis NN 34823 2304 50 of of IN 34823 2304 51 the the DT 34823 2304 52 reasoning reasoning NN 34823 2304 53 by by IN 34823 2304 54 which which WDT 34823 2304 55 he -PRON- PRP 34823 2304 56 seeks seek VBZ 34823 2304 57 to to TO 34823 2304 58 justify justify VB 34823 2304 59 it -PRON- PRP 34823 2304 60 as as IN 34823 2304 61 a a DT 34823 2304 62 _ _ NNP 34823 2304 63 qualitative qualitative JJ 34823 2304 64 _ _ NNP 34823 2304 65 tendency tendency NN 34823 2304 66 . . . 34823 2305 1 I -PRON- PRP 34823 2305 2 shall shall MD 34823 2305 3 maintain maintain VB 34823 2305 4 that that DT 34823 2305 5 , , , 34823 2305 6 however however WRB 34823 2305 7 long long RB 34823 2305 8 or or CC 34823 2305 9 short short JJ 34823 2305 10 the the DT 34823 2305 11 period period NN 34823 2305 12 required require VBN 34823 2305 13 , , , 34823 2305 14 however however RB 34823 2305 15 strong strong JJ 34823 2305 16 or or CC 34823 2305 17 weak weak JJ 34823 2305 18 the the DT 34823 2305 19 tendency tendency NN 34823 2305 20 he -PRON- PRP 34823 2305 21 defends defend VBZ 34823 2305 22 , , , 34823 2305 23 the the DT 34823 2305 24 reasoning reasoning NN 34823 2305 25 by by IN 34823 2305 26 which which WDT 34823 2305 27 he -PRON- PRP 34823 2305 28 seeks seek VBZ 34823 2305 29 to to TO 34823 2305 30 justify justify VB 34823 2305 31 it -PRON- PRP 34823 2305 32 is be VBZ 34823 2305 33 unsound unsound JJ 34823 2305 34 , , , 34823 2305 35 and and CC 34823 2305 36 that that IN 34823 2305 37 even even RB 34823 2305 38 as as IN 34823 2305 39 a a DT 34823 2305 40 qualitative qualitative JJ 34823 2305 41 tendency tendency NN 34823 2305 42 , , , 34823 2305 43 the the DT 34823 2305 44 quantity quantity NN 34823 2305 45 theory theory NN 34823 2305 46 is be VBZ 34823 2305 47 invalid invalid JJ 34823 2305 48 . . . 34823 2306 1 At at IN 34823 2306 2 a a DT 34823 2306 3 later later JJ 34823 2306 4 part part NN 34823 2306 5 of of IN 34823 2306 6 the the DT 34823 2306 7 book book NN 34823 2306 8 , , , 34823 2306 9 as as IN 34823 2306 10 in in IN 34823 2306 11 an an DT 34823 2306 12 earlier early JJR 34823 2306 13 part,[194 part,[194 NN 34823 2306 14 ] ] -RRB- 34823 2306 15 I -PRON- PRP 34823 2306 16 shall shall MD 34823 2306 17 undertake undertake VB 34823 2306 18 to to TO 34823 2306 19 find find VB 34823 2306 20 the the DT 34823 2306 21 modicum modicum NN 34823 2306 22 of of IN 34823 2306 23 truth truth NN 34823 2306 24 which which WDT 34823 2306 25 the the DT 34823 2306 26 quantity quantity NN 34823 2306 27 theory theory NN 34823 2306 28 contains contain VBZ 34823 2306 29 , , , 34823 2306 30 and and CC 34823 2306 31 shall shall MD 34823 2306 32 show show VB 34823 2306 33 that that IN 34823 2306 34 no no DT 34823 2306 35 quantity quantity NN 34823 2306 36 theory theory NN 34823 2306 37 is be VBZ 34823 2306 38 needed need VBN 34823 2306 39 to to TO 34823 2306 40 exhibit exhibit VB 34823 2306 41 this this DT 34823 2306 42 modicum modicum NN 34823 2306 43 of of IN 34823 2306 44 truth truth NN 34823 2306 45 . . . 34823 2307 1 CHAPTER chapter NN 34823 2307 2 XI XI NNP 34823 2307 3 BARTER BARTER NNP 34823 2307 4 In in IN 34823 2307 5 the the DT 34823 2307 6 statement statement NN 34823 2307 7 of of IN 34823 2307 8 the the DT 34823 2307 9 quantity quantity NN 34823 2307 10 theory theory NN 34823 2307 11 , , , 34823 2307 12 the the DT 34823 2307 13 proviso proviso NN 34823 2307 14 is be VBZ 34823 2307 15 commonly commonly RB 34823 2307 16 made make VBN 34823 2307 17 that that IN 34823 2307 18 all all DT 34823 2307 19 exchanges exchange NNS 34823 2307 20 must must MD 34823 2307 21 be be VB 34823 2307 22 made make VBN 34823 2307 23 by by IN 34823 2307 24 means mean NNS 34823 2307 25 of of IN 34823 2307 26 money money NN 34823 2307 27 , , , 34823 2307 28 or or CC 34823 2307 29 of of IN 34823 2307 30 money money NN 34823 2307 31 and and CC 34823 2307 32 bank bank NN 34823 2307 33 - - HYPH 34823 2307 34 credit credit NN 34823 2307 35 . . . 34823 2308 1 Barter barter NN 34823 2308 2 is be VBZ 34823 2308 3 excluded exclude VBN 34823 2308 4 by by IN 34823 2308 5 hypothesis hypothesis NN 34823 2308 6 . . . 34823 2309 1 If if IN 34823 2309 2 resort resort NN 34823 2309 3 to to IN 34823 2309 4 barter barter NN 34823 2309 5 were be VBD 34823 2309 6 possible possible JJ 34823 2309 7 , , , 34823 2309 8 then then RB 34823 2309 9 people people NNS 34823 2309 10 might may MD 34823 2309 11 avert avert VB 34823 2309 12 the the DT 34823 2309 13 fall fall NN 34823 2309 14 in in IN 34823 2309 15 prices price NNS 34823 2309 16 due due IN 34823 2309 17 to to IN 34823 2309 18 scarcity scarcity NN 34823 2309 19 of of IN 34823 2309 20 money money NN 34823 2309 21 , , , 34823 2309 22 or or CC 34823 2309 23 increase increase VB 34823 2309 24 in in IN 34823 2309 25 trade trade NN 34823 2309 26 , , , 34823 2309 27 by by IN 34823 2309 28 dispensing dispense VBG 34823 2309 29 with with IN 34823 2309 30 money money NN 34823 2309 31 in in IN 34823 2309 32 part part NN 34823 2309 33 of of IN 34823 2309 34 their -PRON- PRP$ 34823 2309 35 transactions transaction NNS 34823 2309 36 , , , 34823 2309 37 and and CC 34823 2309 38 the the DT 34823 2309 39 proportional proportional JJ 34823 2309 40 decrease decrease NN 34823 2309 41 in in IN 34823 2309 42 prices price NNS 34823 2309 43 which which WDT 34823 2309 44 the the DT 34823 2309 45 quantity quantity NN 34823 2309 46 theory theory NN 34823 2309 47 calls call VBZ 34823 2309 48 for for IN 34823 2309 49 would would MD 34823 2309 50 be be VB 34823 2309 51 lacking lack VBG 34823 2309 52 . . . 34823 2310 1 Is be VBZ 34823 2310 2 this this DT 34823 2310 3 assumption assumption NN 34823 2310 4 true true JJ 34823 2310 5 ? ? . 34823 2311 1 Is be VBZ 34823 2311 2 barter barter NN 34823 2311 3 banished banish VBN 34823 2311 4 from from IN 34823 2311 5 the the DT 34823 2311 6 modern modern JJ 34823 2311 7 world world NN 34823 2311 8 , , , 34823 2311 9 or or CC 34823 2311 10 does do VBZ 34823 2311 11 it -PRON- PRP 34823 2311 12 remain remain VB 34823 2311 13 reasonably reasonably RB 34823 2311 14 possible possible JJ 34823 2311 15 , , , 34823 2311 16 and and CC 34823 2311 17 , , , 34823 2311 18 to to IN 34823 2311 19 a a DT 34823 2311 20 considerable considerable JJ 34823 2311 21 degree degree NN 34823 2311 22 , , , 34823 2311 23 actual actual JJ 34823 2311 24 ? ? . 34823 2312 1 Fisher Fisher NNP 34823 2312 2 maintains maintain VBZ 34823 2312 3 the the DT 34823 2312 4 thesis thesis NN 34823 2312 5 -- -- : 34823 2312 6 the the DT 34823 2312 7 failure failure NN 34823 2312 8 of of IN 34823 2312 9 which which WDT 34823 2312 10 he -PRON- PRP 34823 2312 11 admits admit VBZ 34823 2312 12 would would MD 34823 2312 13 spoil spoil VB 34823 2312 14 the the DT 34823 2312 15 quantity quantity NN 34823 2312 16 theory[195]--that theory[195]--that DT 34823 2312 17 barter barter NN 34823 2312 18 is be VBZ 34823 2312 19 practically practically RB 34823 2312 20 impossible impossible JJ 34823 2312 21 , , , 34823 2312 22 and and CC 34823 2312 23 negligible negligible JJ 34823 2312 24 in in IN 34823 2312 25 modern modern JJ 34823 2312 26 business business NN 34823 2312 27 life life NN 34823 2312 28 . . . 34823 2313 1 " " `` 34823 2313 2 Practically practically RB 34823 2313 3 , , , 34823 2313 4 however however RB 34823 2313 5 , , , 34823 2313 6 in in IN 34823 2313 7 the the DT 34823 2313 8 world world NN 34823 2313 9 to to IN 34823 2313 10 - - HYPH 34823 2313 11 day day NN 34823 2313 12 , , , 34823 2313 13 even even RB 34823 2313 14 such such JJ 34823 2313 15 temporary temporary JJ 34823 2313 16 resort resort NN 34823 2313 17 to to IN 34823 2313 18 barter barter NN 34823 2313 19 is be VBZ 34823 2313 20 trifling trifle VBG 34823 2313 21 . . . 34823 2314 1 The the DT 34823 2314 2 convenience convenience NN 34823 2314 3 of of IN 34823 2314 4 exchange exchange NN 34823 2314 5 by by IN 34823 2314 6 money money NN 34823 2314 7 is be VBZ 34823 2314 8 so so RB 34823 2314 9 much much RB 34823 2314 10 greater great JJR 34823 2314 11 than than IN 34823 2314 12 the the DT 34823 2314 13 convenience convenience NN 34823 2314 14 of of IN 34823 2314 15 barter barter NN 34823 2314 16 , , , 34823 2314 17 that that IN 34823 2314 18 the the DT 34823 2314 19 price price NN 34823 2314 20 adjustment adjustment NN 34823 2314 21 would would MD 34823 2314 22 be be VB 34823 2314 23 made make VBN 34823 2314 24 almost almost RB 34823 2314 25 at at IN 34823 2314 26 once once RB 34823 2314 27 . . . 34823 2315 1 If if IN 34823 2315 2 barter barter NN 34823 2315 3 needs need VBZ 34823 2315 4 to to TO 34823 2315 5 be be VB 34823 2315 6 seriously seriously RB 34823 2315 7 considered consider VBN 34823 2315 8 as as IN 34823 2315 9 a a DT 34823 2315 10 relief relief NN 34823 2315 11 from from IN 34823 2315 12 money money NN 34823 2315 13 stringency stringency NN 34823 2315 14 , , , 34823 2315 15 we -PRON- PRP 34823 2315 16 shall shall MD 34823 2315 17 be be VB 34823 2315 18 doing do VBG 34823 2315 19 it -PRON- PRP 34823 2315 20 full full JJ 34823 2315 21 justice justice NN 34823 2315 22 if if IN 34823 2315 23 we -PRON- PRP 34823 2315 24 picture picture VBP 34823 2315 25 it -PRON- PRP 34823 2315 26 as as IN 34823 2315 27 a a DT 34823 2315 28 safety safety NN 34823 2315 29 valve valve NN 34823 2315 30 , , , 34823 2315 31 working work VBG 34823 2315 32 against against IN 34823 2315 33 a a DT 34823 2315 34 resistance resistance NN 34823 2315 35 so so RB 34823 2315 36 great great JJ 34823 2315 37 as as IN 34823 2315 38 almost almost RB 34823 2315 39 never never RB 34823 2315 40 to to TO 34823 2315 41 come come VB 34823 2315 42 into into IN 34823 2315 43 operation operation NN 34823 2315 44 , , , 34823 2315 45 and and CC 34823 2315 46 then then RB 34823 2315 47 only only RB 34823 2315 48 for for IN 34823 2315 49 brief brief JJ 34823 2315 50 transition transition NN 34823 2315 51 intervals interval NNS 34823 2315 52 . . . 34823 2316 1 For for IN 34823 2316 2 all all DT 34823 2316 3 practical practical JJ 34823 2316 4 purposes purpose NNS 34823 2316 5 and and CC 34823 2316 6 all all DT 34823 2316 7 normal normal JJ 34823 2316 8 cases case NNS 34823 2316 9 , , , 34823 2316 10 we -PRON- PRP 34823 2316 11 may may MD 34823 2316 12 assume assume VB 34823 2316 13 that that IN 34823 2316 14 money money NN 34823 2316 15 and and CC 34823 2316 16 checks check NNS 34823 2316 17 are be VBP 34823 2316 18 necessities necessity NNS 34823 2316 19 for for IN 34823 2316 20 modern modern JJ 34823 2316 21 trade trade NN 34823 2316 22 . . . 34823 2317 1 " " `` 34823 2317 2 [ [ -LRB- 34823 2317 3 196 196 CD 34823 2317 4 ] ] -RRB- 34823 2317 5 This this DT 34823 2317 6 contention contention NN 34823 2317 7 seems seem VBZ 34823 2317 8 to to IN 34823 2317 9 me -PRON- PRP 34823 2317 10 untenable untenable JJ 34823 2317 11 . . . 34823 2318 1 I -PRON- PRP 34823 2318 2 think think VBP 34823 2318 3 it -PRON- PRP 34823 2318 4 can can MD 34823 2318 5 easily easily RB 34823 2318 6 be be VB 34823 2318 7 shown show VBN 34823 2318 8 that that IN 34823 2318 9 barter barter NN 34823 2318 10 remains remain VBZ 34823 2318 11 an an DT 34823 2318 12 important important JJ 34823 2318 13 factor factor NN 34823 2318 14 in in IN 34823 2318 15 modern modern JJ 34823 2318 16 business business NN 34823 2318 17 life life NN 34823 2318 18 , , , 34823 2318 19 especially especially RB 34823 2318 20 if if IN 34823 2318 21 one one PRP 34823 2318 22 extends extend VBZ 34823 2318 23 the the DT 34823 2318 24 term term NN 34823 2318 25 barter barter NN 34823 2318 26 , , , 34823 2318 27 a a DT 34823 2318 28 little little JJ 34823 2318 29 , , , 34823 2318 30 to to TO 34823 2318 31 cover cover VB 34823 2318 32 various various JJ 34823 2318 33 flexible flexible JJ 34823 2318 34 substitutes substitute NNS 34823 2318 35 for for IN 34823 2318 36 the the DT 34823 2318 37 use use NN 34823 2318 38 of of IN 34823 2318 39 money money NN 34823 2318 40 and and CC 34823 2318 41 checks check NNS 34823 2318 42 in in IN 34823 2318 43 effecting effect VBG 34823 2318 44 exchanges exchange NNS 34823 2318 45 . . . 34823 2319 1 Clearly clearly RB 34823 2319 2 from from IN 34823 2319 3 the the DT 34823 2319 4 standpoint standpoint NN 34823 2319 5 of of IN 34823 2319 6 the the DT 34823 2319 7 present present JJ 34823 2319 8 issue issue NN 34823 2319 9 , , , 34823 2319 10 such such PDT 34823 2319 11 an an DT 34823 2319 12 extension extension NN 34823 2319 13 of of IN 34823 2319 14 the the DT 34823 2319 15 meaning meaning NN 34823 2319 16 of of IN 34823 2319 17 barter barter NN 34823 2319 18 is be VBZ 34823 2319 19 legitimate legitimate JJ 34823 2319 20 , , , 34823 2319 21 as as IN 34823 2319 22 any any DT 34823 2319 23 such such JJ 34823 2319 24 substitutes substitute NNS 34823 2319 25 would would MD 34823 2319 26 equally equally RB 34823 2319 27 spoil spoil VB 34823 2319 28 the the DT 34823 2319 29 proportionality proportionality NN 34823 2319 30 in in IN 34823 2319 31 the the DT 34823 2319 32 supposed suppose VBN 34823 2319 33 relation relation NN 34823 2319 34 between between IN 34823 2319 35 prices price NNS 34823 2319 36 and and CC 34823 2319 37 money money NN 34823 2319 38 , , , 34823 2319 39 or or CC 34823 2319 40 prices price NNS 34823 2319 41 and and CC 34823 2319 42 trade trade NN 34823 2319 43 . . . 34823 2320 1 Where where WRB 34823 2320 2 does do VBZ 34823 2320 3 one one CD 34823 2320 4 find find VB 34823 2320 5 barter barter NN 34823 2320 6 ? ? . 34823 2321 1 Well well UH 34823 2321 2 , , , 34823 2321 3 not not RB 34823 2321 4 to to TO 34823 2321 5 be be VB 34823 2321 6 ignored ignore VBN 34823 2321 7 would would MD 34823 2321 8 be be VB 34823 2321 9 the the DT 34823 2321 10 advertisements advertisement NNS 34823 2321 11 which which WDT 34823 2321 12 fill fill VBP 34823 2321 13 many many JJ 34823 2321 14 columns column NNS 34823 2321 15 of of IN 34823 2321 16 such such PDT 34823 2321 17 a a DT 34823 2321 18 paper paper NN 34823 2321 19 as as IN 34823 2321 20 the the DT 34823 2321 21 New New NNP 34823 2321 22 York York NNP 34823 2321 23 _ _ NNP 34823 2321 24 Telegram Telegram NNP 34823 2321 25 _ _ NNP 34823 2321 26 in in IN 34823 2321 27 the the DT 34823 2321 28 course course NN 34823 2321 29 of of IN 34823 2321 30 a a DT 34823 2321 31 week week NN 34823 2321 32 ; ; : 34823 2321 33 " " `` 34823 2321 34 Wanted want VBN 34823 2321 35 : : : 34823 2321 36 to to TO 34823 2321 37 trade trade VB 34823 2321 38 a a DT 34823 2321 39 well well RB 34823 2321 40 - - HYPH 34823 2321 41 trained train VBN 34823 2321 42 parrot parrot NN 34823 2321 43 for for IN 34823 2321 44 a a DT 34823 2321 45 violin"--a violin"--a NNP 34823 2321 46 trade trade NN 34823 2321 47 that that WDT 34823 2321 48 might may MD 34823 2321 49 , , , 34823 2321 50 or or CC 34823 2321 51 might may MD 34823 2321 52 not not RB 34823 2321 53 , , , 34823 2321 54 be be VB 34823 2321 55 a a DT 34823 2321 56 wise wise JJ 34823 2321 57 one one NN 34823 2321 58 ! ! . 34823 2322 1 There there EX 34823 2322 2 is be VBZ 34823 2322 3 a a DT 34823 2322 4 good good JJ 34823 2322 5 deal deal NN 34823 2322 6 of of IN 34823 2322 7 such such JJ 34823 2322 8 simple simple JJ 34823 2322 9 barter barter NN 34823 2322 10 among among IN 34823 2322 11 the the DT 34823 2322 12 people people NNS 34823 2322 13 . . . 34823 2323 1 Then then RB 34823 2323 2 , , , 34823 2323 3 perhaps perhaps RB 34823 2323 4 more more RBR 34823 2323 5 important important JJ 34823 2323 6 , , , 34823 2323 7 is be VBZ 34823 2323 8 the the DT 34823 2323 9 regular regular JJ 34823 2323 10 practice practice NN 34823 2323 11 of of IN 34823 2323 12 sewing sewing NN 34823 2323 13 machine machine NN 34823 2323 14 , , , 34823 2323 15 piano piano NN 34823 2323 16 , , , 34823 2323 17 automobile automobile NN 34823 2323 18 , , , 34823 2323 19 and and CC 34823 2323 20 other other JJ 34823 2323 21 similar similar JJ 34823 2323 22 companies company NNS 34823 2323 23 of of IN 34823 2323 24 taking take VBG 34823 2323 25 part part NN 34823 2323 26 of of IN 34823 2323 27 the the DT 34823 2323 28 payment payment NN 34823 2323 29 for for IN 34823 2323 30 a a DT 34823 2323 31 new new JJ 34823 2323 32 machine machine NN 34823 2323 33 , , , 34823 2323 34 piano,[197 piano,[197 NNP 34823 2323 35 ] ] -RRB- 34823 2323 36 or or CC 34823 2323 37 automobile automobile NN 34823 2323 38 in in IN 34823 2323 39 the the DT 34823 2323 40 similar similar JJ 34823 2323 41 thing thing NN 34823 2323 42 which which WDT 34823 2323 43 the the DT 34823 2323 44 owner owner NN 34823 2323 45 is be VBZ 34823 2323 46 discarding discard VBG 34823 2323 47 . . . 34823 2324 1 The the DT 34823 2324 2 old old JJ 34823 2324 3 machine machine NN 34823 2324 4 , , , 34823 2324 5 piano piano NN 34823 2324 6 , , , 34823 2324 7 etc etc FW 34823 2324 8 . . FW 34823 2324 9 , , , 34823 2324 10 are be VBP 34823 2324 11 then then RB 34823 2324 12 repaired repair VBN 34823 2324 13 , , , 34823 2324 14 repainted repaint VBN 34823 2324 15 , , , 34823 2324 16 and and CC 34823 2324 17 sold sell VBN 34823 2324 18 again again RB 34823 2324 19 . . . 34823 2325 1 This this DT 34823 2325 2 is be VBZ 34823 2325 3 a a DT 34823 2325 4 very very RB 34823 2325 5 extensive extensive JJ 34823 2325 6 practice practice NN 34823 2325 7 . . . 34823 2326 1 Again again RB 34823 2326 2 , , , 34823 2326 3 there there EX 34823 2326 4 are be VBP 34823 2326 5 companies company NNS 34823 2326 6 which which WDT 34823 2326 7 combine combine VBP 34823 2326 8 the the DT 34823 2326 9 business business NN 34823 2326 10 of of IN 34823 2326 11 wrecking wreck VBG 34823 2326 12 old old JJ 34823 2326 13 houses house NNS 34823 2326 14 and and CC 34823 2326 15 building build VBG 34823 2326 16 new new JJ 34823 2326 17 ones one NNS 34823 2326 18 , , , 34823 2326 19 who who WP 34823 2326 20 regularly regularly RB 34823 2326 21 take take VBP 34823 2326 22 the the DT 34823 2326 23 old old JJ 34823 2326 24 materials material NNS 34823 2326 25 as as IN 34823 2326 26 part part NN 34823 2326 27 of of IN 34823 2326 28 their -PRON- PRP$ 34823 2326 29 pay pay NN 34823 2326 30 . . . 34823 2327 1 This this DT 34823 2327 2 is be VBZ 34823 2327 3 a a DT 34823 2327 4 highly highly RB 34823 2327 5 important important JJ 34823 2327 6 feature feature NN 34823 2327 7 of of IN 34823 2327 8 the the DT 34823 2327 9 organized organize VBN 34823 2327 10 building building NN 34823 2327 11 trade trade NN 34823 2327 12 in in IN 34823 2327 13 great great JJ 34823 2327 14 cities city NNS 34823 2327 15 , , , 34823 2327 16 and and CC 34823 2327 17 is be VBZ 34823 2327 18 frequently frequently RB 34823 2327 19 done do VBN 34823 2327 20 in in IN 34823 2327 21 small small JJ 34823 2327 22 towns town NNS 34823 2327 23 . . . 34823 2328 1 The the DT 34823 2328 2 building building NN 34823 2328 3 trade trade NN 34823 2328 4 is be VBZ 34823 2328 5 no no DT 34823 2328 6 negligible negligible JJ 34823 2328 7 matter matter NN 34823 2328 8 . . . 34823 2329 1 The the DT 34823 2329 2 " " `` 34823 2329 3 horse horse NN 34823 2329 4 - - HYPH 34823 2329 5 trade trade NN 34823 2329 6 " " '' 34823 2329 7 still still RB 34823 2329 8 thrives thrive VBZ 34823 2329 9 in in IN 34823 2329 10 rural rural JJ 34823 2329 11 regions region NNS 34823 2329 12 , , , 34823 2329 13 and and CC 34823 2329 14 barter barter NN 34823 2329 15 of of IN 34823 2329 16 various various JJ 34823 2329 17 kinds kind NNS 34823 2329 18 , , , 34823 2329 19 of of IN 34823 2329 20 live live JJ 34823 2329 21 stock stock NN 34823 2329 22 , , , 34823 2329 23 of of IN 34823 2329 24 grain grain NN 34823 2329 25 and and CC 34823 2329 26 hay hay NN 34823 2329 27 , , , 34823 2329 28 of of IN 34823 2329 29 fresh fresh JJ 34823 2329 30 and and CC 34823 2329 31 cured cured JJ 34823 2329 32 meat meat NN 34823 2329 33 , , , 34823 2329 34 and and CC 34823 2329 35 of of IN 34823 2329 36 labor labor NN 34823 2329 37 , , , 34823 2329 38 is be VBZ 34823 2329 39 an an DT 34823 2329 40 important important JJ 34823 2329 41 feature feature NN 34823 2329 42 in in IN 34823 2329 43 rural rural JJ 34823 2329 44 life life NN 34823 2329 45 in in IN 34823 2329 46 many many JJ 34823 2329 47 sections section NNS 34823 2329 48 . . . 34823 2330 1 Much much JJ 34823 2330 2 of of IN 34823 2330 3 agricultural agricultural JJ 34823 2330 4 rent rent NN 34823 2330 5 in in IN 34823 2330 6 the the DT 34823 2330 7 South South NNP 34823 2330 8 is be VBZ 34823 2330 9 still still RB 34823 2330 10 paid pay VBN 34823 2330 11 in in IN 34823 2330 12 kind kind NN 34823 2330 13 , , , 34823 2330 14 under under IN 34823 2330 15 the the DT 34823 2330 16 " " `` 34823 2330 17 share share NN 34823 2330 18 system system NN 34823 2330 19 . . . 34823 2330 20 " " '' 34823 2331 1 Much much JJ 34823 2331 2 labor labor NN 34823 2331 3 , , , 34823 2331 4 especially especially RB 34823 2331 5 farm farm NN 34823 2331 6 and and CC 34823 2331 7 domestic domestic JJ 34823 2331 8 labor labor NN 34823 2331 9 , , , 34823 2331 10 is be VBZ 34823 2331 11 still still RB 34823 2331 12 paid pay VBN 34823 2331 13 for for IN 34823 2331 14 partly partly RB 34823 2331 15 in in IN 34823 2331 16 kind kind NN 34823 2331 17 . . . 34823 2332 1 Where where WRB 34823 2332 2 payments payment NNS 34823 2332 3 for for IN 34823 2332 4 labor labor NN 34823 2332 5 are be VBP 34823 2332 6 made make VBN 34823 2332 7 in in IN 34823 2332 8 orders order NNS 34823 2332 9 on on IN 34823 2332 10 company company NN 34823 2332 11 stores store NNS 34823 2332 12 , , , 34823 2332 13 we -PRON- PRP 34823 2332 14 have have VBP 34823 2332 15 again again RB 34823 2332 16 what what WP 34823 2332 17 is be VBZ 34823 2332 18 virtually virtually RB 34823 2332 19 barter barter NN 34823 2332 20 , , , 34823 2332 21 from from IN 34823 2332 22 the the DT 34823 2332 23 standpoint standpoint NN 34823 2332 24 of of IN 34823 2332 25 the the DT 34823 2332 26 point point NN 34823 2332 27 at at IN 34823 2332 28 issue issue NN 34823 2332 29 . . . 34823 2333 1 _ _ NNP 34823 2333 2 Real real JJ 34823 2333 3 estate estate NN 34823 2333 4 _ _ NN 34823 2333 5 transactions transaction NNS 34823 2333 6 make make VBP 34823 2333 7 large large JJ 34823 2333 8 use use NN 34823 2333 9 of of IN 34823 2333 10 barter barter NN 34823 2333 11 . . . 34823 2334 1 Farms farm NNS 34823 2334 2 are be VBP 34823 2334 3 exchanged exchange VBN 34823 2334 4 for for IN 34823 2334 5 one one CD 34823 2334 6 another another DT 34823 2334 7 , , , 34823 2334 8 with with IN 34823 2334 9 some some DT 34823 2334 10 cash cash NN 34823 2334 11 ( ( -LRB- 34823 2334 12 or or CC 34823 2334 13 more more RBR 34823 2334 14 usually usually RB 34823 2334 15 , , , 34823 2334 16 a a DT 34823 2334 17 promissory promissory JJ 34823 2334 18 note note NN 34823 2334 19 ) ) -RRB- 34823 2334 20 " " `` 34823 2334 21 to to IN 34823 2334 22 boot boot NN 34823 2334 23 . . . 34823 2334 24 " " '' 34823 2335 1 The the DT 34823 2335 2 writer writer NN 34823 2335 3 has have VBZ 34823 2335 4 repeatedly repeatedly RB 34823 2335 5 heard hear VBN 34823 2335 6 real real JJ 34823 2335 7 estate estate NN 34823 2335 8 men man NNS 34823 2335 9 say say VBP 34823 2335 10 to to IN 34823 2335 11 customers customer NNS 34823 2335 12 : : : 34823 2335 13 " " `` 34823 2335 14 I -PRON- PRP 34823 2335 15 ca can MD 34823 2335 16 n't not RB 34823 2335 17 sell sell VB 34823 2335 18 it -PRON- PRP 34823 2335 19 for for IN 34823 2335 20 you -PRON- PRP 34823 2335 21 very very RB 34823 2335 22 easily easily RB 34823 2335 23 , , , 34823 2335 24 but but CC 34823 2335 25 I -PRON- PRP 34823 2335 26 can can MD 34823 2335 27 trade trade VB 34823 2335 28 it -PRON- PRP 34823 2335 29 off off RP 34823 2335 30 , , , 34823 2335 31 and and CC 34823 2335 32 maybe maybe RB 34823 2335 33 you -PRON- PRP 34823 2335 34 can can MD 34823 2335 35 sell sell VB 34823 2335 36 what what WP 34823 2335 37 you -PRON- PRP 34823 2335 38 trade trade VBP 34823 2335 39 it -PRON- PRP 34823 2335 40 for for IN 34823 2335 41 . . . 34823 2335 42 " " '' 34823 2336 1 This this DT 34823 2336 2 is be VBZ 34823 2336 3 perhaps perhaps RB 34823 2336 4 more more RBR 34823 2336 5 frequent frequent JJ 34823 2336 6 in in IN 34823 2336 7 rural rural JJ 34823 2336 8 real real JJ 34823 2336 9 estate estate NN 34823 2336 10 transactions transaction NNS 34823 2336 11 , , , 34823 2336 12 and and CC 34823 2336 13 in in IN 34823 2336 14 the the DT 34823 2336 15 smaller small JJR 34823 2336 16 cities city NNS 34823 2336 17 , , , 34823 2336 18 than than IN 34823 2336 19 in in IN 34823 2336 20 large large JJ 34823 2336 21 cities city NNS 34823 2336 22 , , , 34823 2336 23 but but CC 34823 2336 24 it -PRON- PRP 34823 2336 25 is be VBZ 34823 2336 26 very very RB 34823 2336 27 extensive extensive JJ 34823 2336 28 in in IN 34823 2336 29 New New NNP 34823 2336 30 York York NNP 34823 2336 31 City City NNP 34823 2336 32 . . . 34823 2337 1 [ [ -LRB- 34823 2337 2 198 198 CD 34823 2337 3 ] ] -RRB- 34823 2337 4 Again again RB 34823 2337 5 , , , 34823 2337 6 when when WRB 34823 2337 7 corporations corporation NNS 34823 2337 8 are be VBP 34823 2337 9 to to TO 34823 2337 10 be be VB 34823 2337 11 combined combine VBN 34823 2337 12 , , , 34823 2337 13 various various JJ 34823 2337 14 plans plan NNS 34823 2337 15 are be VBP 34823 2337 16 possible possible JJ 34823 2337 17 . . . 34823 2338 1 There there EX 34823 2338 2 may may MD 34823 2338 3 be be VB 34823 2338 4 a a DT 34823 2338 5 merger merger NN 34823 2338 6 ; ; : 34823 2338 7 there there EX 34823 2338 8 may may MD 34823 2338 9 be be VB 34823 2338 10 a a DT 34823 2338 11 holding hold VBG 34823 2338 12 corporation corporation NN 34823 2338 13 ; ; : 34823 2338 14 there there EX 34823 2338 15 may may MD 34823 2338 16 be be VB 34823 2338 17 a a DT 34823 2338 18 lease lease NN 34823 2338 19 . . . 34823 2339 1 If if IN 34823 2339 2 the the DT 34823 2339 3 money money NN 34823 2339 4 market market NN 34823 2339 5 is be VBZ 34823 2339 6 easy easy JJ 34823 2339 7 , , , 34823 2339 8 one one CD 34823 2339 9 of of IN 34823 2339 10 the the DT 34823 2339 11 former former JJ 34823 2339 12 methods method NNS 34823 2339 13 will will MD 34823 2339 14 be be VB 34823 2339 15 used,--most used,--most RB 34823 2339 16 frequently frequently RB 34823 2339 17 , , , 34823 2339 18 for for IN 34823 2339 19 legal legal JJ 34823 2339 20 reasons reason NNS 34823 2339 21 , , , 34823 2339 22 the the DT 34823 2339 23 holding hold VBG 34823 2339 24 corporation corporation NN 34823 2339 25 , , , 34823 2339 26 if if IN 34823 2339 27 there there EX 34823 2339 28 are be VBP 34823 2339 29 any any DT 34823 2339 30 valuable valuable JJ 34823 2339 31 franchises franchise NNS 34823 2339 32 involved involve VBN 34823 2339 33 . . . 34823 2340 1 But but CC 34823 2340 2 mergers merger NNS 34823 2340 3 and and CC 34823 2340 4 holding hold VBG 34823 2340 5 corporations corporation NNS 34823 2340 6 commonly commonly RB 34823 2340 7 involve involve VBP 34823 2340 8 buying buy VBG 34823 2340 9 out out RP 34823 2340 10 the the DT 34823 2340 11 interests interest NNS 34823 2340 12 which which WDT 34823 2340 13 are be VBP 34823 2340 14 to to TO 34823 2340 15 be be VB 34823 2340 16 absorbed absorb VBN 34823 2340 17 , , , 34823 2340 18 and and CC 34823 2340 19 call call VB 34823 2340 20 for for IN 34823 2340 21 the the DT 34823 2340 22 use use NN 34823 2340 23 of of IN 34823 2340 24 checks check NNS 34823 2340 25 . . . 34823 2341 1 If if IN 34823 2341 2 the the DT 34823 2341 3 money money NN 34823 2341 4 market market NN 34823 2341 5 is be VBZ 34823 2341 6 tight tight JJ 34823 2341 7 , , , 34823 2341 8 therefore therefore RB 34823 2341 9 , , , 34823 2341 10 the the DT 34823 2341 11 promoter promoter NN 34823 2341 12 of of IN 34823 2341 13 the the DT 34823 2341 14 combination combination NN 34823 2341 15 may may MD 34823 2341 16 frequently frequently RB 34823 2341 17 find find VB 34823 2341 18 the the DT 34823 2341 19 lease lease NN 34823 2341 20 the the DT 34823 2341 21 more more RBR 34823 2341 22 advantageous advantageous JJ 34823 2341 23 form form NN 34823 2341 24 of of IN 34823 2341 25 consolidation consolidation NN 34823 2341 26 . . . 34823 2342 1 [ [ -LRB- 34823 2342 2 199 199 CD 34823 2342 3 ] ] -RRB- 34823 2342 4 The the DT 34823 2342 5 great great JJ 34823 2342 6 advantage advantage NN 34823 2342 7 of of IN 34823 2342 8 the the DT 34823 2342 9 lease lease NN 34823 2342 10 is be VBZ 34823 2342 11 that that IN 34823 2342 12 , , , 34823 2342 13 when when WRB 34823 2342 14 the the DT 34823 2342 15 money money NN 34823 2342 16 market market NN 34823 2342 17 is be VBZ 34823 2342 18 tight tight JJ 34823 2342 19 , , , 34823 2342 20 it -PRON- PRP 34823 2342 21 involves involve VBZ 34823 2342 22 no no DT 34823 2342 23 _ _ NNP 34823 2342 24 financial financial JJ 34823 2342 25 plan plan NN 34823 2342 26 _ _ NNP 34823 2342 27 , , , 34823 2342 28 no no DT 34823 2342 29 underwriting underwriting NN 34823 2342 30 , , , 34823 2342 31 no no DT 34823 2342 32 outlay outlay NN 34823 2342 33 of of IN 34823 2342 34 " " `` 34823 2342 35 cash cash NN 34823 2342 36 . . . 34823 2342 37 " " '' 34823 2343 1 This this DT 34823 2343 2 is be VBZ 34823 2343 3 , , , 34823 2343 4 therefore therefore RB 34823 2343 5 , , , 34823 2343 6 an an DT 34823 2343 7 equivalent equivalent NN 34823 2343 8 of of IN 34823 2343 9 barter barter NN 34823 2343 10 , , , 34823 2343 11 so so RB 34823 2343 12 far far RB 34823 2343 13 as as IN 34823 2343 14 the the DT 34823 2343 15 point point NN 34823 2343 16 at at IN 34823 2343 17 issue issue NN 34823 2343 18 is be VBZ 34823 2343 19 concerned concern VBN 34823 2343 20 . . . 34823 2344 1 Even even RB 34823 2344 2 where where WRB 34823 2344 3 a a DT 34823 2344 4 holding hold VBG 34823 2344 5 corporation corporation NN 34823 2344 6 is be VBZ 34823 2344 7 formed form VBN 34823 2344 8 , , , 34823 2344 9 however however RB 34823 2344 10 , , , 34823 2344 11 there there EX 34823 2344 12 may may MD 34823 2344 13 be be VB 34823 2344 14 considerable considerable JJ 34823 2344 15 barter barter NN 34823 2344 16 : : : 34823 2344 17 the the DT 34823 2344 18 stockholders stockholder NNS 34823 2344 19 of of IN 34823 2344 20 the the DT 34823 2344 21 corporation corporation NN 34823 2344 22 which which WDT 34823 2344 23 is be VBZ 34823 2344 24 absorbed absorb VBN 34823 2344 25 may may MD 34823 2344 26 receive receive VB 34823 2344 27 payment payment NN 34823 2344 28 for for IN 34823 2344 29 their -PRON- PRP$ 34823 2344 30 stocks stock NNS 34823 2344 31 , , , 34823 2344 32 in in IN 34823 2344 33 whole whole NN 34823 2344 34 or or CC 34823 2344 35 in in IN 34823 2344 36 part part NN 34823 2344 37 , , , 34823 2344 38 in in IN 34823 2344 39 the the DT 34823 2344 40 securities security NNS 34823 2344 41 of of IN 34823 2344 42 the the DT 34823 2344 43 holding hold VBG 34823 2344 44 company company NN 34823 2344 45 , , , 34823 2344 46 rather rather RB 34823 2344 47 than than IN 34823 2344 48 in in IN 34823 2344 49 checks check NNS 34823 2344 50 . . . 34823 2345 1 An an DT 34823 2345 2 era era NN 34823 2345 3 of of IN 34823 2345 4 financial financial JJ 34823 2345 5 consolidation consolidation NN 34823 2345 6 , , , 34823 2345 7 such such JJ 34823 2345 8 as as IN 34823 2345 9 we -PRON- PRP 34823 2345 10 have have VBP 34823 2345 11 been be VBN 34823 2345 12 passing pass VBG 34823 2345 13 through through RB 34823 2345 14 , , , 34823 2345 15 and and CC 34823 2345 16 through through IN 34823 2345 17 which which WDT 34823 2345 18 we -PRON- PRP 34823 2345 19 have have VBP 34823 2345 20 not not RB 34823 2345 21 by by IN 34823 2345 22 any any DT 34823 2345 23 means mean NNS 34823 2345 24 gone go VBN 34823 2345 25 , , , 34823 2345 26 though though IN 34823 2345 27 the the DT 34823 2345 28 movement movement NN 34823 2345 29 toward toward IN 34823 2345 30 _ _ NNP 34823 2345 31 monopoly monopoly NN 34823 2345 32 _ _ NNP 34823 2345 33 has have VBZ 34823 2345 34 been be VBN 34823 2345 35 in in IN 34823 2345 36 great great JJ 34823 2345 37 degree degree NN 34823 2345 38 checked check VBD 34823 2345 39 , , , 34823 2345 40 presents present VBZ 34823 2345 41 a a DT 34823 2345 42 great great JJ 34823 2345 43 deal deal NN 34823 2345 44 of of IN 34823 2345 45 this this DT 34823 2345 46 sort sort NN 34823 2345 47 of of IN 34823 2345 48 barter barter NN 34823 2345 49 , , , 34823 2345 50 or or CC 34823 2345 51 equivalents equivalent NNS 34823 2345 52 of of IN 34823 2345 53 barter barter NN 34823 2345 54 . . . 34823 2346 1 [ [ -LRB- 34823 2346 2 200 200 CD 34823 2346 3 ] ] -RRB- 34823 2346 4 A a DT 34823 2346 5 striking striking JJ 34823 2346 6 thing thing NN 34823 2346 7 to to TO 34823 2346 8 notice notice VB 34823 2346 9 here here RB 34823 2346 10 , , , 34823 2346 11 moreover moreover RB 34823 2346 12 , , , 34823 2346 13 is be VBZ 34823 2346 14 the the DT 34823 2346 15 flexible flexible JJ 34823 2346 16 margin margin NN 34823 2346 17 between between IN 34823 2346 18 use use NN 34823 2346 19 of of IN 34823 2346 20 bank bank NN 34823 2346 21 - - HYPH 34823 2346 22 credit credit NN 34823 2346 23 and and CC 34823 2346 24 barter barter NN 34823 2346 25 , , , 34823 2346 26 a a DT 34823 2346 27 margin margin NN 34823 2346 28 depending depend VBG 34823 2346 29 primarily primarily RB 34823 2346 30 upon upon IN 34823 2346 31 the the DT 34823 2346 32 condition condition NN 34823 2346 33 of of IN 34823 2346 34 the the DT 34823 2346 35 money money NN 34823 2346 36 market market NN 34823 2346 37 , , , 34823 2346 38 and and CC 34823 2346 39 particularly particularly RB 34823 2346 40 upon upon IN 34823 2346 41 the the DT 34823 2346 42 money money NN 34823 2346 43 - - HYPH 34823 2346 44 rates rate NNS 34823 2346 45 . . . 34823 2347 1 Not not RB 34823 2347 2 yet yet RB 34823 2347 3 has have VBZ 34823 2347 4 the the DT 34823 2347 5 most most RBS 34823 2347 6 important important JJ 34823 2347 7 element element NN 34823 2347 8 in in IN 34823 2347 9 modern modern JJ 34823 2347 10 barter barter NN 34823 2347 11 been be VBN 34823 2347 12 mentioned mention VBN 34823 2347 13 . . . 34823 2348 1 I -PRON- PRP 34823 2348 2 refer refer VBP 34823 2348 3 to to IN 34823 2348 4 the the DT 34823 2348 5 " " `` 34823 2348 6 clearing clearing NN 34823 2348 7 - - HYPH 34823 2348 8 house house NN 34823 2348 9 " " '' 34823 2348 10 arrangements arrangement NNS 34823 2348 11 of of IN 34823 2348 12 the the DT 34823 2348 13 stock stock NN 34823 2348 14 and and CC 34823 2348 15 produce produce VB 34823 2348 16 exchanges exchange NNS 34823 2348 17 . . . 34823 2349 1 Under under IN 34823 2349 2 these these DT 34823 2349 3 arrangements arrangement NNS 34823 2349 4 , , , 34823 2349 5 brokers broker NNS 34823 2349 6 who who WP 34823 2349 7 have have VBP 34823 2349 8 sold sell VBN 34823 2349 9 ten ten CD 34823 2349 10 thousand thousand CD 34823 2349 11 shares share NNS 34823 2349 12 of of IN 34823 2349 13 Westinghouse Westinghouse NNP 34823 2349 14 El El NNP 34823 2349 15 . . . 34823 2350 1 and and CC 34823 2350 2 M. M. NNP 34823 2350 3 Common Common NNP 34823 2350 4 during during IN 34823 2350 5 the the DT 34823 2350 6 day day NN 34823 2350 7 , , , 34823 2350 8 and and CC 34823 2350 9 bought buy VBD 34823 2350 10 seven seven CD 34823 2350 11 thousand thousand CD 34823 2350 12 shares share NNS 34823 2350 13 , , , 34823 2350 14 buying buy VBG 34823 2350 15 and and CC 34823 2350 16 selling sell VBG 34823 2350 17 being be VBG 34823 2350 18 in in IN 34823 2350 19 smaller small JJR 34823 2350 20 lots lot NNS 34823 2350 21 , , , 34823 2350 22 with with IN 34823 2350 23 a a DT 34823 2350 24 number number NN 34823 2350 25 of of IN 34823 2350 26 different different JJ 34823 2350 27 houses house NNS 34823 2350 28 , , , 34823 2350 29 no no RB 34823 2350 30 longer long RBR 34823 2350 31 are be VBP 34823 2350 32 obliged oblige VBN 34823 2350 33 to to TO 34823 2350 34 deliver deliver VB 34823 2350 35 ten ten CD 34823 2350 36 thousand thousand CD 34823 2350 37 shares share NNS 34823 2350 38 , , , 34823 2350 39 receiving receive VBG 34823 2350 40 therefor therefor IN 34823 2350 41 $ $ $ 34823 2350 42 700,000 700,000 CD 34823 2350 43 , , , 34823 2350 44 and and CC 34823 2350 45 to to TO 34823 2350 46 receive receive VB 34823 2350 47 seven seven CD 34823 2350 48 thousand thousand CD 34823 2350 49 shares share NNS 34823 2350 50 , , , 34823 2350 51 paying pay VBG 34823 2350 52 therefor therefor IN 34823 2350 53 $ $ $ 34823 2350 54 490,000 490,000 CD 34823 2350 55 . . . 34823 2351 1 Instead instead RB 34823 2351 2 , , , 34823 2351 3 they -PRON- PRP 34823 2351 4 deliver deliver VBP 34823 2351 5 three three CD 34823 2351 6 thousand thousand CD 34823 2351 7 shares share NNS 34823 2351 8 only only RB 34823 2351 9 to to IN 34823 2351 10 the the DT 34823 2351 11 clearing clearing NN 34823 2351 12 house house NN 34823 2351 13 , , , 34823 2351 14 and and CC 34823 2351 15 receive receive VB 34823 2351 16 from from IN 34823 2351 17 the the DT 34823 2351 18 clearing clearing NN 34823 2351 19 house house NN 34823 2351 20 only only RB 34823 2351 21 $ $ $ 34823 2351 22 210,000 210,000 CD 34823 2351 23 when when WRB 34823 2351 24 the the DT 34823 2351 25 transaction transaction NN 34823 2351 26 is be VBZ 34823 2351 27 , , , 34823 2351 28 from from IN 34823 2351 29 the the DT 34823 2351 30 standpoint standpoint NN 34823 2351 31 of of IN 34823 2351 32 the the DT 34823 2351 33 particular particular JJ 34823 2351 34 broker broker NN 34823 2351 35 involved involve VBN 34823 2351 36 , , , 34823 2351 37 completed complete VBN 34823 2351 38 . . . 34823 2352 1 This this DT 34823 2352 2 is be VBZ 34823 2352 3 a a DT 34823 2352 4 far far JJ 34823 2352 5 remove remove NN 34823 2352 6 , , , 34823 2352 7 in in IN 34823 2352 8 technical technical JJ 34823 2352 9 perfection perfection NN 34823 2352 10 , , , 34823 2352 11 from from IN 34823 2352 12 primitive primitive JJ 34823 2352 13 barter barter NN 34823 2352 14 , , , 34823 2352 15 but but CC 34823 2352 16 it -PRON- PRP 34823 2352 17 is be VBZ 34823 2352 18 barter barter NN 34823 2352 19 , , , 34823 2352 20 and and CC 34823 2352 21 it -PRON- PRP 34823 2352 22 saves save VBZ 34823 2352 23 the the DT 34823 2352 24 using using NN 34823 2352 25 of of IN 34823 2352 26 a a DT 34823 2352 27 vast vast JJ 34823 2352 28 deal deal NN 34823 2352 29 of of IN 34823 2352 30 bank bank NN 34823 2352 31 - - HYPH 34823 2352 32 credit credit NN 34823 2352 33 as as IN 34823 2352 34 between between IN 34823 2352 35 brokers broker NNS 34823 2352 36 . . . 34823 2353 1 How how WRB 34823 2353 2 important important JJ 34823 2353 3 it -PRON- PRP 34823 2353 4 is be VBZ 34823 2353 5 , , , 34823 2353 6 from from IN 34823 2353 7 the the DT 34823 2353 8 standpoint standpoint NN 34823 2353 9 of of IN 34823 2353 10 the the DT 34823 2353 11 stock stock NN 34823 2353 12 exchange exchange NN 34823 2353 13 , , , 34823 2353 14 may may MD 34823 2353 15 be be VB 34823 2353 16 judged judge VBN 34823 2353 17 from from IN 34823 2353 18 the the DT 34823 2353 19 following follow VBG 34823 2353 20 statement statement NN 34823 2353 21 in in IN 34823 2353 22 Sprague Sprague NNP 34823 2353 23 's 's POS 34823 2353 24 _ _ NNP 34823 2353 25 Crises Crises NNPS 34823 2353 26 Under under IN 34823 2353 27 the the DT 34823 2353 28 National National NNP 34823 2353 29 Banking Banking NNP 34823 2353 30 System System NNP 34823 2353 31 _ _ NNP 34823 2353 32 : : : 34823 2353 33 " " `` 34823 2353 34 A a DT 34823 2353 35 much much RB 34823 2353 36 more more JJR 34823 2353 37 fundamental fundamental JJ 34823 2353 38 change change NN 34823 2353 39 in in IN 34823 2353 40 the the DT 34823 2353 41 organization organization NN 34823 2353 42 in in IN 34823 2353 43 the the DT 34823 2353 44 New New NNP 34823 2353 45 York York NNP 34823 2353 46 money money NN 34823 2353 47 market market NN 34823 2353 48 came come VBD 34823 2353 49 with with IN 34823 2353 50 the the DT 34823 2353 51 establishment establishment NN 34823 2353 52 of of IN 34823 2353 53 the the DT 34823 2353 54 stock stock NN 34823 2353 55 exchange exchange NNP 34823 2353 56 clearing clearing NN 34823 2353 57 house house NN 34823 2353 58 in in IN 34823 2353 59 May May NNP 34823 2353 60 , , , 34823 2353 61 1892 1892 CD 34823 2353 62 . . . 34823 2354 1 It -PRON- PRP 34823 2354 2 led lead VBD 34823 2354 3 to to IN 34823 2354 4 a a DT 34823 2354 5 very very RB 34823 2354 6 considerable considerable JJ 34823 2354 7 reduction reduction NN 34823 2354 8 in in IN 34823 2354 9 the the DT 34823 2354 10 _ _ NNP 34823 2354 11 clearing clearing NN 34823 2354 12 - - HYPH 34823 2354 13 house house NN 34823 2354 14 exchanges exchange NNS 34823 2354 15 of of IN 34823 2354 16 the the DT 34823 2354 17 banks bank NNS 34823 2354 18 _ _ NNP 34823 2354 19 and and CC 34823 2354 20 also also RB 34823 2354 21 , , , 34823 2354 22 and and CC 34823 2354 23 more more RBR 34823 2354 24 important important JJ 34823 2354 25 , , , 34823 2354 26 in in IN 34823 2354 27 the the DT 34823 2354 28 volume volume NN 34823 2354 29 of of IN 34823 2354 30 certified certify VBN 34823 2354 31 checks check NNS 34823 2354 32 . . . 34823 2355 1 [ [ -LRB- 34823 2355 2 Italics Italics NNP 34823 2355 3 mine mine NN 34823 2355 4 . . . 34823 2355 5 ] ] -RRB- 34823 2356 1 Overcertification overcertification NN 34823 2356 2 of of IN 34823 2356 3 checks check NNS 34823 2356 4 ceased cease VBD 34823 2356 5 to to TO 34823 2356 6 be be VB 34823 2356 7 a a DT 34823 2356 8 factor factor NN 34823 2356 9 of of IN 34823 2356 10 the the DT 34823 2356 11 first first JJ 34823 2356 12 magnitude magnitude NN 34823 2356 13 in in IN 34823 2356 14 the the DT 34823 2356 15 banking banking NN 34823 2356 16 methods method NNS 34823 2356 17 of of IN 34823 2356 18 the the DT 34823 2356 19 city city NN 34823 2356 20 . . . 34823 2357 1 Had have VBD 34823 2357 2 not not RB 34823 2357 3 this this DT 34823 2357 4 arrangement arrangement NN 34823 2357 5 for for IN 34823 2357 6 stock stock NN 34823 2357 7 - - HYPH 34823 2357 8 exchange exchange NN 34823 2357 9 dealings dealing NNS 34823 2357 10 been be VBN 34823 2357 11 set set VBN 34823 2357 12 up up RP 34823 2357 13 , , , 34823 2357 14 it -PRON- PRP 34823 2357 15 is be VBZ 34823 2357 16 probable probable JJ 34823 2357 17 that that IN 34823 2357 18 it -PRON- PRP 34823 2357 19 would would MD 34823 2357 20 have have VB 34823 2357 21 been be VBN 34823 2357 22 necessary necessary JJ 34823 2357 23 to to TO 34823 2357 24 close close VB 34823 2357 25 the the DT 34823 2357 26 stock stock NN 34823 2357 27 exchange exchange NN 34823 2357 28 in in IN 34823 2357 29 1893 1893 CD 34823 2357 30 and and CC 34823 2357 31 in in IN 34823 2357 32 1907 1907 CD 34823 2357 33 , , , 34823 2357 34 and and CC 34823 2357 35 it -PRON- PRP 34823 2357 36 is be VBZ 34823 2357 37 also also RB 34823 2357 38 probable probable JJ 34823 2357 39 that that IN 34823 2357 40 the the DT 34823 2357 41 volume volume NN 34823 2357 42 of of IN 34823 2357 43 business business NN 34823 2357 44 transacted transact VBN 34823 2357 45 in in IN 34823 2357 46 the the DT 34823 2357 47 years year NNS 34823 2357 48 after after IN 34823 2357 49 1897 1897 CD 34823 2357 50 could could MD 34823 2357 51 not not RB 34823 2357 52 have have VB 34823 2357 53 been be VBN 34823 2357 54 handled handle VBN 34823 2357 55 . . . 34823 2357 56 " " '' 34823 2358 1 ( ( -LRB- 34823 2358 2 P. P. NNP 34823 2359 1 152 152 CD 34823 2359 2 . . . 34823 2359 3 ) ) -RRB- 34823 2360 1 The the DT 34823 2360 2 same same JJ 34823 2360 3 arrangements arrangement NNS 34823 2360 4 have have VBP 34823 2360 5 been be VBN 34823 2360 6 widely widely RB 34823 2360 7 introduced introduce VBN 34823 2360 8 in in IN 34823 2360 9 other other JJ 34823 2360 10 stock stock NN 34823 2360 11 exchanges exchange NNS 34823 2360 12 , , , 34823 2360 13 and and CC 34823 2360 14 in in IN 34823 2360 15 the the DT 34823 2360 16 produce produce NN 34823 2360 17 exchanges exchange NNS 34823 2360 18 . . . 34823 2361 1 [ [ -LRB- 34823 2361 2 201 201 CD 34823 2361 3 ] ] -RRB- 34823 2361 4 In in IN 34823 2361 5 general general JJ 34823 2361 6 , , , 34823 2361 7 with with IN 34823 2361 8 reference reference NN 34823 2361 9 to to TO 34823 2361 10 barter barter NN 34823 2361 11 , , , 34823 2361 12 this this DT 34823 2361 13 point point NN 34823 2361 14 is be VBZ 34823 2361 15 significant significant JJ 34823 2361 16 . . . 34823 2362 1 The the DT 34823 2362 2 money money NN 34823 2362 3 economy economy NN 34823 2362 4 has have VBZ 34823 2362 5 made make VBN 34823 2362 6 barter barter NN 34823 2362 7 _ _ NNP 34823 2362 8 easier easy JJR 34823 2362 9 _ _ NNP 34823 2362 10 rather rather RB 34823 2362 11 than than IN 34823 2362 12 harder hard JJR 34823 2362 13 . . . 34823 2363 1 It -PRON- PRP 34823 2363 2 has have VBZ 34823 2363 3 made make VBN 34823 2363 4 possible possible JJ 34823 2363 5 a a DT 34823 2363 6 host host NN 34823 2363 7 of of IN 34823 2363 8 refinements refinement NNS 34823 2363 9 in in IN 34823 2363 10 barter barter NN 34823 2363 11 , , , 34823 2363 12 which which WDT 34823 2363 13 make make VBP 34823 2363 14 it -PRON- PRP 34823 2363 15 at at IN 34823 2363 16 many many JJ 34823 2363 17 points point NNS 34823 2363 18 more more RBR 34823 2363 19 convenient convenient JJ 34823 2363 20 and and CC 34823 2363 21 cheaper cheap JJR 34823 2363 22 than than IN 34823 2363 23 check check NN 34823 2363 24 or or CC 34823 2363 25 money money NN 34823 2363 26 exchanges exchange NNS 34823 2363 27 . . . 34823 2364 1 It -PRON- PRP 34823 2364 2 is be VBZ 34823 2364 3 common common JJ 34823 2364 4 to to TO 34823 2364 5 find find VB 34823 2364 6 our -PRON- PRP$ 34823 2364 7 present present JJ 34823 2364 8 methods method NNS 34823 2364 9 of of IN 34823 2364 10 conducting conduct VBG 34823 2364 11 foreign foreign JJ 34823 2364 12 trade trade NN 34823 2364 13 described describe VBN 34823 2364 14 as as IN 34823 2364 15 a a DT 34823 2364 16 " " `` 34823 2364 17 system system NN 34823 2364 18 of of IN 34823 2364 19 refined refined JJ 34823 2364 20 barter barter NN 34823 2364 21 , , , 34823 2364 22 " " '' 34823 2364 23 which which WDT 34823 2364 24 indeed indeed RB 34823 2364 25 , , , 34823 2364 26 from from IN 34823 2364 27 the the DT 34823 2364 28 standpoint standpoint NN 34823 2364 29 of of IN 34823 2364 30 the the DT 34823 2364 31 present present JJ 34823 2364 32 issue issue NN 34823 2364 33 , , , 34823 2364 34 it -PRON- PRP 34823 2364 35 is be VBZ 34823 2364 36 : : : 34823 2364 37 bills bill NNS 34823 2364 38 of of IN 34823 2364 39 exchange exchange NN 34823 2364 40 are be VBP 34823 2364 41 neither neither CC 34823 2364 42 money money NN 34823 2364 43 nor nor CC 34823 2364 44 bank bank NN 34823 2364 45 - - HYPH 34823 2364 46 credit credit NN 34823 2364 47 ! ! . 34823 2365 1 Where where WRB 34823 2365 2 bills bill NNS 34823 2365 3 of of IN 34823 2365 4 exchange exchange NN 34823 2365 5 are be VBP 34823 2365 6 used use VBN 34823 2365 7 in in IN 34823 2365 8 internal internal JJ 34823 2365 9 trade trade NN 34823 2365 10 extensively extensively RB 34823 2365 11 -- -- : 34823 2365 12 as as IN 34823 2365 13 in in IN 34823 2365 14 Germany Germany NNP 34823 2365 15 , , , 34823 2365 16 where where WRB 34823 2365 17 they -PRON- PRP 34823 2365 18 pass pass VBP 34823 2365 19 from from IN 34823 2365 20 hand hand NN 34823 2365 21 to to IN 34823 2365 22 hand hand NN 34823 2365 23 in in RP 34823 2365 24 several several JJ 34823 2365 25 transactions transaction NNS 34823 2365 26 before before IN 34823 2365 27 being be VBG 34823 2365 28 discounted discount VBN 34823 2365 29 at at IN 34823 2365 30 banks[202]--we banks[202]--we SYM 34823 2365 31 have have VBP 34823 2365 32 a a DT 34823 2365 33 highly highly RB 34823 2365 34 important important JJ 34823 2365 35 substitute substitute NN 34823 2365 36 for for IN 34823 2365 37 money money NN 34823 2365 38 and and CC 34823 2365 39 deposits deposit NNS 34823 2365 40 , , , 34823 2365 41 which which WDT 34823 2365 42 functions function NNS 34823 2365 43 as as IN 34823 2365 44 barter,--flexibility barter,--flexibility NNP 34823 2365 45 of of IN 34823 2365 46 substitutes substitute NNS 34823 2365 47 for for IN 34823 2365 48 money money NN 34823 2365 49 and and CC 34823 2365 50 deposits deposit NNS 34823 2365 51 is be VBZ 34823 2365 52 strikingly strikingly RB 34823 2365 53 evident evident JJ 34823 2365 54 . . . 34823 2366 1 The the DT 34823 2366 2 feature feature NN 34823 2366 3 of of IN 34823 2366 4 the the DT 34823 2366 5 money money NN 34823 2366 6 economy economy NN 34823 2366 7 which which WDT 34823 2366 8 has have VBZ 34823 2366 9 thus thus RB 34823 2366 10 refined refine VBN 34823 2366 11 and and CC 34823 2366 12 improved improved JJ 34823 2366 13 barter barter NN 34823 2366 14 is be VBZ 34823 2366 15 the the DT 34823 2366 16 _ _ NNP 34823 2366 17 standard standard NN 34823 2366 18 of of IN 34823 2366 19 value value NN 34823 2366 20 _ _ NNP 34823 2366 21 ( ( -LRB- 34823 2366 22 _ _ NNP 34823 2366 23 common common JJ 34823 2366 24 measure measure NN 34823 2366 25 of of IN 34823 2366 26 value value NN 34823 2366 27 _ _ NNP 34823 2366 28 ) ) -RRB- 34823 2366 29 function function NN 34823 2366 30 of of IN 34823 2366 31 money money NN 34823 2366 32 . . . 34823 2367 1 [ [ -LRB- 34823 2367 2 203 203 CD 34823 2367 3 ] ] -RRB- 34823 2367 4 This this DT 34823 2367 5 standard standard NN 34823 2367 6 of of IN 34823 2367 7 value value NN 34823 2367 8 function function NN 34823 2367 9 , , , 34823 2367 10 be be VB 34823 2367 11 it -PRON- PRP 34823 2367 12 noted note VBN 34823 2367 13 , , , 34823 2367 14 makes make VBZ 34823 2367 15 no no DT 34823 2367 16 call call NN 34823 2367 17 on on IN 34823 2367 18 money money NN 34823 2367 19 itself -PRON- PRP 34823 2367 20 , , , 34823 2367 21 necessarily necessarily RB 34823 2367 22 . . . 34823 2368 1 The the DT 34823 2368 2 _ _ NNP 34823 2368 3 medium medium NN 34823 2368 4 of of IN 34823 2368 5 exchange exchange NN 34823 2368 6 _ _ NNP 34823 2368 7 and and CC 34823 2368 8 " " `` 34823 2368 9 _ _ NNP 34823 2368 10 bearer bearer NN 34823 2368 11 of of IN 34823 2368 12 options option NNS 34823 2368 13 _ _ NNP 34823 2368 14 " " `` 34823 2368 15 functions function NNS 34823 2368 16 of of IN 34823 2368 17 money money NN 34823 2368 18 are be VBP 34823 2368 19 the the DT 34823 2368 20 chief chief JJ 34823 2368 21 sources source NNS 34823 2368 22 of of IN 34823 2368 23 such such JJ 34823 2368 24 additions addition NNS 34823 2368 25 to to IN 34823 2368 26 the the DT 34823 2368 27 value value NN 34823 2368 28 of of IN 34823 2368 29 money money NN 34823 2368 30 as as IN 34823 2368 31 come come VB 34823 2368 32 from from IN 34823 2368 33 the the DT 34823 2368 34 money money NN 34823 2368 35 - - HYPH 34823 2368 36 use use NN 34823 2368 37 . . . 34823 2369 1 But but CC 34823 2369 2 the the DT 34823 2369 3 fact fact NN 34823 2369 4 that that IN 34823 2369 5 goods good NNS 34823 2369 6 have have VBP 34823 2369 7 money money NN 34823 2369 8 - - HYPH 34823 2369 9 prices price NNS 34823 2369 10 , , , 34823 2369 11 which which WDT 34823 2369 12 can can MD 34823 2369 13 be be VB 34823 2369 14 compared compare VBN 34823 2369 15 with with IN 34823 2369 16 one one CD 34823 2369 17 another another DT 34823 2369 18 easily easily RB 34823 2369 19 , , , 34823 2369 20 in in IN 34823 2369 21 objective objective JJ 34823 2369 22 terms term NNS 34823 2369 23 , , , 34823 2369 24 makes make VBZ 34823 2369 25 barter barter NN 34823 2369 26 , , , 34823 2369 27 and and CC 34823 2369 28 barter barter NN 34823 2369 29 - - HYPH 34823 2369 30 equivalents equivalent NNS 34823 2369 31 , , , 34823 2369 32 a a DT 34823 2369 33 highly highly RB 34823 2369 34 convenient convenient JJ 34823 2369 35 and and CC 34823 2369 36 very very RB 34823 2369 37 important important JJ 34823 2369 38 feature feature NN 34823 2369 39 of of IN 34823 2369 40 the the DT 34823 2369 41 most most RBS 34823 2369 42 developed develop VBN 34823 2369 43 commercial commercial JJ 34823 2369 44 system system NN 34823 2369 45 . . . 34823 2370 1 And and CC 34823 2370 2 so so RB 34823 2370 3 we -PRON- PRP 34823 2370 4 reject reject VBP 34823 2370 5 another another DT 34823 2370 6 essential essential JJ 34823 2370 7 assumption assumption NN 34823 2370 8 of of IN 34823 2370 9 the the DT 34823 2370 10 quantity quantity NN 34823 2370 11 theory theory NN 34823 2370 12 . . . 34823 2371 1 [ [ -LRB- 34823 2371 2 204 204 CD 34823 2371 3 ] ] -RRB- 34823 2371 4 CHAPTER chapter NN 34823 2371 5 XII xii NN 34823 2371 6 VELOCITY velocity NN 34823 2371 7 OF of IN 34823 2371 8 CIRCULATION circulation NN 34823 2371 9 For for IN 34823 2371 10 the the DT 34823 2371 11 quantity quantity NN 34823 2371 12 theory theory NN 34823 2371 13 , , , 34823 2371 14 it -PRON- PRP 34823 2371 15 is be VBZ 34823 2371 16 important important JJ 34823 2371 17 to to TO 34823 2371 18 treat treat VB 34823 2371 19 velocity velocity NN 34823 2371 20 of of IN 34823 2371 21 circulation circulation NN 34823 2371 22 of of IN 34823 2371 23 money money NN 34823 2371 24 and and CC 34823 2371 25 of of IN 34823 2371 26 deposits deposit NNS 34823 2371 27 , , , 34823 2371 28 as as IN 34823 2371 29 self self NN 34823 2371 30 - - HYPH 34823 2371 31 contained contain VBN 34823 2371 32 entities entity NNS 34823 2371 33 , , , 34823 2371 34 really really RB 34823 2371 35 independent independent JJ 34823 2371 36 factors factor NNS 34823 2371 37 . . . 34823 2372 1 This this DT 34823 2372 2 is be VBZ 34823 2372 3 true true JJ 34823 2372 4 of of IN 34823 2372 5 Fisher Fisher NNP 34823 2372 6 's 's POS 34823 2372 7 theory theory NN 34823 2372 8 . . . 34823 2373 1 It -PRON- PRP 34823 2373 2 is be VBZ 34823 2373 3 particularly particularly RB 34823 2373 4 necessary necessary JJ 34823 2373 5 that that IN 34823 2373 6 V v NN 34823 2373 7 and and CC 34823 2373 8 V V NNP 34823 2373 9 ´ ´ CD 34823 2373 10 should should MD 34823 2373 11 vary vary VB 34823 2373 12 from from IN 34823 2373 13 causes cause NNS 34823 2373 14 unconnected unconnected JJ 34823 2373 15 with with IN 34823 2373 16 M M NNP 34823 2373 17 and and CC 34823 2373 18 M M NNP 34823 2373 19 ´ ´ CD 34823 2373 20 . . . 34823 2374 1 The the DT 34823 2374 2 V V NNP 34823 2374 3 's 's POS 34823 2374 4 are be VBP 34823 2374 5 to to TO 34823 2374 6 be be VB 34823 2374 7 a a DT 34823 2374 8 sort sort NN 34823 2374 9 of of IN 34823 2374 10 inflexible inflexible JJ 34823 2374 11 channel channel NN 34823 2374 12 , , , 34823 2374 13 through through IN 34823 2374 14 which which WDT 34823 2374 15 M M NNP 34823 2374 16 and and CC 34823 2374 17 M M NNP 34823 2374 18 ´ ´ CD 34823 2374 19 run run NN 34823 2374 20 in in IN 34823 2374 21 their -PRON- PRP$ 34823 2374 22 influence influence NN 34823 2374 23 on on IN 34823 2374 24 the the DT 34823 2374 25 passive passive JJ 34823 2374 26 P P NNP 34823 2374 27 , , , 34823 2374 28 which which WDT 34823 2374 29 is be VBZ 34823 2374 30 to to TO 34823 2374 31 rise rise VB 34823 2374 32 or or CC 34823 2374 33 fall fall VB 34823 2374 34 proportionately proportionately RB 34823 2374 35 with with IN 34823 2374 36 them -PRON- PRP 34823 2374 37 . . . 34823 2375 1 If if IN 34823 2375 2 an an DT 34823 2375 3 increase increase NN 34823 2375 4 of of IN 34823 2375 5 M M NNP 34823 2375 6 or or CC 34823 2375 7 M M NNP 34823 2375 8 ´ ´ NNP 34823 2375 9 should should MD 34823 2375 10 lead lead VB 34823 2375 11 to to IN 34823 2375 12 a a DT 34823 2375 13 reduction reduction NN 34823 2375 14 in in IN 34823 2375 15 the the DT 34823 2375 16 V V NNP 34823 2375 17 's 's POS 34823 2375 18 , , , 34823 2375 19 if if IN 34823 2375 20 people people NNS 34823 2375 21 , , , 34823 2375 22 having have VBG 34823 2375 23 more more JJR 34823 2375 24 money money NN 34823 2375 25 available available JJ 34823 2375 26 , , , 34823 2375 27 should should MD 34823 2375 28 be be VB 34823 2375 29 less less RBR 34823 2375 30 assiduous assiduous JJ 34823 2375 31 in in IN 34823 2375 32 using use VBG 34823 2375 33 every every DT 34823 2375 34 bit bit NN 34823 2375 35 of of IN 34823 2375 36 it -PRON- PRP 34823 2375 37 in in IN 34823 2375 38 effecting effect VBG 34823 2375 39 exchanges exchange NNS 34823 2375 40 , , , 34823 2375 41 then then RB 34823 2375 42 P p NN 34823 2375 43 would would MD 34823 2375 44 not not RB 34823 2375 45 rise rise VB 34823 2375 46 in in IN 34823 2375 47 proportion proportion NN 34823 2375 48 to to IN 34823 2375 49 the the DT 34823 2375 50 increase increase NN 34823 2375 51 in in IN 34823 2375 52 M. M. NNP 34823 2375 53 Complete Complete NNP 34823 2375 54 demonstration demonstration NN 34823 2375 55 of of IN 34823 2375 56 Fisher Fisher NNP 34823 2375 57 's 's POS 34823 2375 58 thesis thesis NN 34823 2375 59 , , , 34823 2375 60 therefore therefore RB 34823 2375 61 , , , 34823 2375 62 requires require VBZ 34823 2375 63 the the DT 34823 2375 64 proof proof NN 34823 2375 65 of of IN 34823 2375 66 the the DT 34823 2375 67 negative negative JJ 34823 2375 68 proposition proposition NN 34823 2375 69 that that IN 34823 2375 70 V v NN 34823 2375 71 does do VBZ 34823 2375 72 not not RB 34823 2375 73 change change VB 34823 2375 74 as as IN 34823 2375 75 a a DT 34823 2375 76 consequence consequence NN 34823 2375 77 of of IN 34823 2375 78 changes change NNS 34823 2375 79 in in IN 34823 2375 80 M M NNP 34823 2375 81 or or CC 34823 2375 82 M M NNP 34823 2375 83 ´ ´ CD 34823 2375 84 . . . 34823 2376 1 This this DT 34823 2376 2 proof proof NN 34823 2376 3 Fisher Fisher NNP 34823 2376 4 finds find VBZ 34823 2376 5 in in IN 34823 2376 6 the the DT 34823 2376 7 contention contention NN 34823 2376 8 that that IN 34823 2376 9 the the DT 34823 2376 10 V V NNP 34823 2376 11 's 's POS 34823 2376 12 are be VBP 34823 2376 13 fixed fix VBN 34823 2376 14 by by IN 34823 2376 15 the the DT 34823 2376 16 habits habit NNS 34823 2376 17 and and CC 34823 2376 18 conveniences convenience NNS 34823 2376 19 of of IN 34823 2376 20 individuals individual NNS 34823 2376 21 , , , 34823 2376 22 whence whence NN 34823 2376 23 they -PRON- PRP 34823 2376 24 are be VBP 34823 2376 25 not not RB 34823 2376 26 influenced influence VBN 34823 2376 27 by by IN 34823 2376 28 such such PDT 34823 2376 29 a a DT 34823 2376 30 cause cause NN 34823 2376 31 as as IN 34823 2376 32 a a DT 34823 2376 33 change change NN 34823 2376 34 in in IN 34823 2376 35 the the DT 34823 2376 36 amount amount NN 34823 2376 37 of of IN 34823 2376 38 money money NN 34823 2376 39 . . . 34823 2377 1 [ [ -LRB- 34823 2377 2 205 205 CD 34823 2377 3 ] ] -RRB- 34823 2377 4 V v NN 34823 2377 5 is be VBZ 34823 2377 6 defined,[206 defined,[206 NN 34823 2377 7 ] ] -RRB- 34823 2377 8 not not RB 34823 2377 9 as as IN 34823 2377 10 the the DT 34823 2377 11 number number NN 34823 2377 12 of of IN 34823 2377 13 times time NNS 34823 2377 14 a a DT 34823 2377 15 given give VBN 34823 2377 16 dollar dollar NN 34823 2377 17 is be VBZ 34823 2377 18 exchanged exchange VBN 34823 2377 19 in in IN 34823 2377 20 a a DT 34823 2377 21 given give VBN 34823 2377 22 year year NN 34823 2377 23 ( ( -LRB- 34823 2377 24 the the DT 34823 2377 25 " " `` 34823 2377 26 coin coin NN 34823 2377 27 - - HYPH 34823 2377 28 transfer transfer NN 34823 2377 29 " " '' 34823 2377 30 notion notion NN 34823 2377 31 ) ) -RRB- 34823 2377 32 , , , 34823 2377 33 but but CC 34823 2377 34 as as IN 34823 2377 35 a a DT 34823 2377 36 social social JJ 34823 2377 37 average average NN 34823 2377 38 based base VBN 34823 2377 39 on on IN 34823 2377 40 the the DT 34823 2377 41 average average JJ 34823 2377 42 number number NN 34823 2377 43 of of IN 34823 2377 44 coins coin NNS 34823 2377 45 which which WDT 34823 2377 46 pass pass VBP 34823 2377 47 through through IN 34823 2377 48 _ _ NNP 34823 2377 49 each each DT 34823 2377 50 man man NN 34823 2377 51 's 's POS 34823 2377 52 _ _ NNP 34823 2377 53 hands hand NNS 34823 2377 54 , , , 34823 2377 55 divided divide VBN 34823 2377 56 by by IN 34823 2377 57 the the DT 34823 2377 58 average average JJ 34823 2377 59 amount amount NN 34823 2377 60 held hold VBN 34823 2377 61 by by IN 34823 2377 62 him -PRON- PRP 34823 2377 63 ( ( -LRB- 34823 2377 64 the the DT 34823 2377 65 " " `` 34823 2377 66 person person NN 34823 2377 67 - - HYPH 34823 2377 68 turnover turnover NN 34823 2377 69 " " '' 34823 2377 70 concept concept NN 34823 2377 71 of of IN 34823 2377 72 velocity velocity NN 34823 2377 73 . . . 34823 2377 74 ) ) -RRB- 34823 2378 1 V V NNP 34823 2378 2 ´ ´ CD 34823 2378 3 is be VBZ 34823 2378 4 similarly similarly RB 34823 2378 5 defined define VBN 34823 2378 6 . . . 34823 2379 1 Fisher Fisher NNP 34823 2379 2 asserts assert VBZ 34823 2379 3 that that IN 34823 2379 4 both both DT 34823 2379 5 concepts concept NNS 34823 2379 6 , , , 34823 2379 7 if if IN 34823 2379 8 correctly correctly RB 34823 2379 9 employed employ VBN 34823 2379 10 , , , 34823 2379 11 lead lead VBP 34823 2379 12 to to IN 34823 2379 13 the the DT 34823 2379 14 same same JJ 34823 2379 15 result result NN 34823 2379 16 . . . 34823 2380 1 I -PRON- PRP 34823 2380 2 would would MD 34823 2380 3 point point VB 34823 2380 4 out out RP 34823 2380 5 one one CD 34823 2380 6 important important JJ 34823 2380 7 difference difference NN 34823 2380 8 between between IN 34823 2380 9 them -PRON- PRP 34823 2380 10 here here RB 34823 2380 11 : : : 34823 2380 12 if if IN 34823 2380 13 money money NN 34823 2380 14 is be VBZ 34823 2380 15 _ _ NNP 34823 2380 16 short short RB 34823 2380 17 - - HYPH 34823 2380 18 circuited circuit VBN 34823 2380 19 _ _ NNP 34823 2380 20 , , , 34823 2380 21 if if IN 34823 2380 22 , , , 34823 2380 23 _ _ NNP 34823 2380 24 i. i. NNP 34823 2381 1 e. e. NNP 34823 2381 2 _ _ NNP 34823 2381 3 , , , 34823 2381 4 a a DT 34823 2381 5 part part NN 34823 2381 6 of of IN 34823 2381 7 the the DT 34823 2381 8 economic economic JJ 34823 2381 9 community community NN 34823 2381 10 loses lose VBZ 34823 2381 11 its -PRON- PRP$ 34823 2381 12 incomes income NNS 34823 2381 13 , , , 34823 2381 14 or or CC 34823 2381 15 finds find VBZ 34823 2381 16 its -PRON- PRP$ 34823 2381 17 incomes income NNS 34823 2381 18 reduced reduce VBN 34823 2381 19 , , , 34823 2381 20 then then RB 34823 2381 21 the the DT 34823 2381 22 " " `` 34823 2381 23 velocity velocity NN 34823 2381 24 of of IN 34823 2381 25 money money NN 34823 2381 26 , , , 34823 2381 27 " " '' 34823 2381 28 on on IN 34823 2381 29 the the DT 34823 2381 30 " " `` 34823 2381 31 coin coin NN 34823 2381 32 - - HYPH 34823 2381 33 transfer transfer NN 34823 2381 34 " " '' 34823 2381 35 basis basis NN 34823 2381 36 is be VBZ 34823 2381 37 reduced reduce VBN 34823 2381 38 , , , 34823 2381 39 provided provide VBN 34823 2381 40 the the DT 34823 2381 41 " " `` 34823 2381 42 person person NN 34823 2381 43 - - HYPH 34823 2381 44 turnover turnover NN 34823 2381 45 " " '' 34823 2381 46 average average NN 34823 2381 47 remains remain VBZ 34823 2381 48 the the DT 34823 2381 49 same same JJ 34823 2381 50 , , , 34823 2381 51 while while IN 34823 2381 52 on on IN 34823 2381 53 the the DT 34823 2381 54 " " `` 34823 2381 55 person person NN 34823 2381 56 - - HYPH 34823 2381 57 turnover turnover NN 34823 2381 58 " " '' 34823 2381 59 basis basis NN 34823 2381 60 the the DT 34823 2381 61 velocity velocity NN 34823 2381 62 will will MD 34823 2381 63 remain remain VB 34823 2381 64 unchanged unchanged JJ 34823 2381 65 . . . 34823 2382 1 It -PRON- PRP 34823 2382 2 is be VBZ 34823 2382 3 clearly clearly RB 34823 2382 4 the the DT 34823 2382 5 " " `` 34823 2382 6 coin coin NN 34823 2382 7 - - HYPH 34823 2382 8 transfer transfer NN 34823 2382 9 " " '' 34823 2382 10 concept concept NN 34823 2382 11 which which WDT 34823 2382 12 is be VBZ 34823 2382 13 fundamental fundamental JJ 34823 2382 14 , , , 34823 2382 15 from from IN 34823 2382 16 the the DT 34823 2382 17 standpoint standpoint NN 34823 2382 18 of of IN 34823 2382 19 the the DT 34823 2382 20 equation equation NN 34823 2382 21 of of IN 34823 2382 22 exchange exchange NN 34823 2382 23 , , , 34823 2382 24 and and CC 34823 2382 25 Fisher Fisher NNP 34823 2382 26 feels feel VBZ 34823 2382 27 justified justify VBN 34823 2382 28 in in IN 34823 2382 29 using use VBG 34823 2382 30 the the DT 34823 2382 31 other other JJ 34823 2382 32 method method NN 34823 2382 33 only only RB 34823 2382 34 because because IN 34823 2382 35 he -PRON- PRP 34823 2382 36 considers consider VBZ 34823 2382 37 it -PRON- PRP 34823 2382 38 an an DT 34823 2382 39 equivalent equivalent NN 34823 2382 40 of of IN 34823 2382 41 the the DT 34823 2382 42 " " `` 34823 2382 43 coin coin NN 34823 2382 44 - - HYPH 34823 2382 45 transfer transfer NN 34823 2382 46 " " '' 34823 2382 47 concept concept NN 34823 2382 48 . . . 34823 2383 1 I -PRON- PRP 34823 2383 2 shall shall MD 34823 2383 3 later later RB 34823 2383 4 show show VB 34823 2383 5 cases case NNS 34823 2383 6 where where WRB 34823 2383 7 the the DT 34823 2383 8 distinction distinction NN 34823 2383 9 between between IN 34823 2383 10 the the DT 34823 2383 11 two two CD 34823 2383 12 concepts concept NNS 34823 2383 13 is be VBZ 34823 2383 14 all all RB 34823 2383 15 - - HYPH 34823 2383 16 important important JJ 34823 2383 17 , , , 34823 2383 18 particularly particularly RB 34823 2383 19 in in IN 34823 2383 20 the the DT 34823 2383 21 case case NN 34823 2383 22 where where WRB 34823 2383 23 T T NNP 34823 2383 24 is be VBZ 34823 2383 25 reduced reduce VBN 34823 2383 26 by by IN 34823 2383 27 the the DT 34823 2383 28 elimination elimination NN 34823 2383 29 of of IN 34823 2383 30 _ _ NNP 34823 2383 31 middlemen middleman NNS 34823 2383 32 _ _ NNP 34823 2383 33 . . . 34823 2384 1 [ [ -LRB- 34823 2384 2 207 207 CD 34823 2384 3 ] ] -RRB- 34823 2384 4 The the DT 34823 2384 5 conception conception NN 34823 2384 6 of of IN 34823 2384 7 velocity velocity NN 34823 2384 8 of of IN 34823 2384 9 circulation circulation NN 34823 2384 10 as as IN 34823 2384 11 a a DT 34823 2384 12 real real JJ 34823 2384 13 , , , 34823 2384 14 unitary unitary JJ 34823 2384 15 entity entity NN 34823 2384 16 , , , 34823 2384 17 a a DT 34823 2384 18 _ _ NNP 34823 2384 19 cause cause NN 34823 2384 20 _ _ NNP 34823 2384 21 , , , 34823 2384 22 in in IN 34823 2384 23 the the DT 34823 2384 24 process process NN 34823 2384 25 of of IN 34823 2384 26 price price NN 34823 2384 27 - - HYPH 34823 2384 28 determination determination NN 34823 2384 29 , , , 34823 2384 30 is be VBZ 34823 2384 31 , , , 34823 2384 32 I -PRON- PRP 34823 2384 33 suppose suppose VBP 34823 2384 34 , , , 34823 2384 35 almost almost RB 34823 2384 36 as as RB 34823 2384 37 old old JJ 34823 2384 38 as as IN 34823 2384 39 the the DT 34823 2384 40 quantity quantity NN 34823 2384 41 theory theory NN 34823 2384 42 itself -PRON- PRP 34823 2384 43 . . . 34823 2385 1 It -PRON- PRP 34823 2385 2 is be VBZ 34823 2385 3 an an DT 34823 2385 4 essential essential JJ 34823 2385 5 part part NN 34823 2385 6 of of IN 34823 2385 7 the the DT 34823 2385 8 quantity quantity NN 34823 2385 9 theory theory NN 34823 2385 10 . . . 34823 2386 1 To to IN 34823 2386 2 me -PRON- PRP 34823 2386 3 " " `` 34823 2386 4 velocity velocity NN 34823 2386 5 of of IN 34823 2386 6 circulation circulation NN 34823 2386 7 " " '' 34823 2386 8 seems seem VBZ 34823 2386 9 to to TO 34823 2386 10 be be VB 34823 2386 11 a a DT 34823 2386 12 mere mere JJ 34823 2386 13 name name NN 34823 2386 14 , , , 34823 2386 15 denoting denoting NN 34823 2386 16 , , , 34823 2386 17 not not RB 34823 2386 18 any any DT 34823 2386 19 simple simple JJ 34823 2386 20 cause cause NN 34823 2386 21 or or CC 34823 2386 22 small small JJ 34823 2386 23 set set NN 34823 2386 24 of of IN 34823 2386 25 causes cause NNS 34823 2386 26 , , , 34823 2386 27 which which WDT 34823 2386 28 can can MD 34823 2386 29 exert exert VB 34823 2386 30 a a DT 34823 2386 31 specific specific JJ 34823 2386 32 influence influence NN 34823 2386 33 , , , 34823 2386 34 but but CC 34823 2386 35 rather rather RB 34823 2386 36 a a DT 34823 2386 37 meaningless meaningless JJ 34823 2386 38 abstract abstract JJ 34823 2386 39 number number NN 34823 2386 40 , , , 34823 2386 41 which which WDT 34823 2386 42 is be VBZ 34823 2386 43 the the DT 34823 2386 44 non non JJ 34823 2386 45 - - JJ 34823 2386 46 essential essential JJ 34823 2386 47 by by IN 34823 2386 48 - - HYPH 34823 2386 49 product product NN 34823 2386 50 of of IN 34823 2386 51 a a DT 34823 2386 52 highly highly RB 34823 2386 53 heterogeneous heterogeneous JJ 34823 2386 54 lot lot NN 34823 2386 55 of of IN 34823 2386 56 _ _ NNP 34823 2386 57 activities activity NNS 34823 2386 58 of of IN 34823 2386 59 men man NNS 34823 2386 60 _ _ NNP 34823 2386 61 , , , 34823 2386 62 some some DT 34823 2386 63 of of IN 34823 2386 64 which which WDT 34823 2386 65 work work VBP 34823 2386 66 one one CD 34823 2386 67 way way NN 34823 2386 68 , , , 34823 2386 69 and and CC 34823 2386 70 others other NNS 34823 2386 71 of of IN 34823 2386 72 which which WDT 34823 2386 73 work work VBP 34823 2386 74 in in IN 34823 2386 75 another another DT 34823 2386 76 way way NN 34823 2386 77 , , , 34823 2386 78 in in IN 34823 2386 79 affecting affect VBG 34823 2386 80 prices price NNS 34823 2386 81 . . . 34823 2387 1 It -PRON- PRP 34823 2387 2 is be VBZ 34823 2387 3 at at IN 34823 2387 4 best good JJS 34823 2387 5 a a DT 34823 2387 6 passive passive JJ 34823 2387 7 _ _ NNP 34823 2387 8 resultant resultant NN 34823 2387 9 _ _ NNP 34823 2387 10 of of IN 34823 2387 11 conflicting conflicting JJ 34823 2387 12 and and CC 34823 2387 13 divergent divergent JJ 34823 2387 14 tendencies tendency NNS 34823 2387 15 , , , 34823 2387 16 and and CC 34823 2387 17 has have VBZ 34823 2387 18 , , , 34823 2387 19 to to IN 34823 2387 20 my -PRON- PRP$ 34823 2387 21 mind mind NN 34823 2387 22 , , , 34823 2387 23 no no DT 34823 2387 24 more more RBR 34823 2387 25 _ _ NNP 34823 2387 26 causal causal NN 34823 2387 27 _ _ NNP 34823 2387 28 significance significance NN 34823 2387 29 than than IN 34823 2387 30 the the DT 34823 2387 31 average average NN 34823 2387 32 of of IN 34823 2387 33 the the DT 34823 2387 34 abstract abstract JJ 34823 2387 35 numbers number NNS 34823 2387 36 of of IN 34823 2387 37 yards yard NNS 34823 2387 38 gained gain VBN 34823 2387 39 by by IN 34823 2387 40 both both DT 34823 2387 41 sides side NNS 34823 2387 42 , , , 34823 2387 43 heights height NNS 34823 2387 44 and and CC 34823 2387 45 weights weight NNS 34823 2387 46 of of IN 34823 2387 47 players player NNS 34823 2387 48 , , , 34823 2387 49 kick kick NN 34823 2387 50 - - HYPH 34823 2387 51 offs off NNS 34823 2387 52 , , , 34823 2387 53 and and CC 34823 2387 54 minutes minute NNS 34823 2387 55 taken take VBN 34823 2387 56 out out RP 34823 2387 57 for for IN 34823 2387 58 injuries injury NNS 34823 2387 59 , , , 34823 2387 60 would would MD 34823 2387 61 have have VB 34823 2387 62 on on IN 34823 2387 63 the the DT 34823 2387 64 result result NN 34823 2387 65 of of IN 34823 2387 66 the the DT 34823 2387 67 Yale Yale NNP 34823 2387 68 - - HYPH 34823 2387 69 Harvard Harvard NNP 34823 2387 70 game game NN 34823 2387 71 . . . 34823 2388 1 The the DT 34823 2388 2 real real JJ 34823 2388 3 causes cause NNS 34823 2388 4 of of IN 34823 2388 5 changes change NNS 34823 2388 6 in in IN 34823 2388 7 prices price NNS 34823 2388 8 lie lie VBP 34823 2388 9 deeper deeply RBR 34823 2388 10 ! ! . 34823 2389 1 I -PRON- PRP 34823 2389 2 should should MD 34823 2389 3 expect expect VB 34823 2389 4 V V NNP 34823 2389 5 and and CC 34823 2389 6 V V NNP 34823 2389 7 ´ ´ CD 34823 2389 8 to to TO 34823 2389 9 be be VB 34823 2389 10 the the DT 34823 2389 11 most most RBS 34823 2389 12 highly highly RB 34823 2389 13 flexible flexible JJ 34823 2389 14 factors factor NNS 34823 2389 15 in in IN 34823 2389 16 the the DT 34823 2389 17 equation equation NN 34823 2389 18 of of IN 34823 2389 19 exchange exchange NN 34823 2389 20 , , , 34823 2389 21 and and CC 34823 2389 22 should should MD 34823 2389 23 expect expect VB 34823 2389 24 to to TO 34823 2389 25 be be VB 34823 2389 26 able able JJ 34823 2389 27 to to TO 34823 2389 28 keep keep VB 34823 2389 29 the the DT 34823 2389 30 equation equation NN 34823 2389 31 straight straight RB 34823 2389 32 , , , 34823 2389 33 in in IN 34823 2389 34 a a DT 34823 2389 35 great great JJ 34823 2389 36 variety variety NN 34823 2389 37 of of IN 34823 2389 38 situations situation NNS 34823 2389 39 , , , 34823 2389 40 by by IN 34823 2389 41 allowing allow VBG 34823 2389 42 the the DT 34823 2389 43 V V NNP 34823 2389 44 's 's POS 34823 2389 45 to to TO 34823 2389 46 vary vary VB 34823 2389 47 . . . 34823 2390 1 Before before IN 34823 2390 2 undertaking undertake VBG 34823 2390 3 detailed detailed JJ 34823 2390 4 analysis analysis NN 34823 2390 5 of of IN 34823 2390 6 the the DT 34823 2390 7 causes cause NNS 34823 2390 8 governing govern VBG 34823 2390 9 V v NN 34823 2390 10 , , , 34823 2390 11 I -PRON- PRP 34823 2390 12 shall shall MD 34823 2390 13 discuss discuss VB 34823 2390 14 Fisher Fisher NNP 34823 2390 15 's 's POS 34823 2390 16 specific specific JJ 34823 2390 17 argument argument NN 34823 2390 18 , , , 34823 2390 19 typical typical JJ 34823 2390 20 of of IN 34823 2390 21 the the DT 34823 2390 22 quantity quantity NN 34823 2390 23 theory theory NN 34823 2390 24 , , , 34823 2390 25 that that IN 34823 2390 26 an an DT 34823 2390 27 increase increase NN 34823 2390 28 of of IN 34823 2390 29 money money NN 34823 2390 30 can can MD 34823 2390 31 not not RB 34823 2390 32 change change VB 34823 2390 33 the the DT 34823 2390 34 V v NN 34823 2390 35 's 's POS 34823 2390 36 . . . 34823 2391 1 " " `` 34823 2391 2 As as IN 34823 2391 3 a a DT 34823 2391 4 matter matter NN 34823 2391 5 of of IN 34823 2391 6 fact fact NN 34823 2391 7 , , , 34823 2391 8 the the DT 34823 2391 9 velocities velocity NNS 34823 2391 10 of of IN 34823 2391 11 circulation circulation NN 34823 2391 12 of of IN 34823 2391 13 money money NN 34823 2391 14 and and CC 34823 2391 15 deposits deposit NNS 34823 2391 16 depend depend VBP 34823 2391 17 , , , 34823 2391 18 as as IN 34823 2391 19 we -PRON- PRP 34823 2391 20 have have VBP 34823 2391 21 seen see VBN 34823 2391 22 , , , 34823 2391 23 on on IN 34823 2391 24 technical technical JJ 34823 2391 25 conditions condition NNS 34823 2391 26 , , , 34823 2391 27 and and CC 34823 2391 28 bear bear VB 34823 2391 29 no no DT 34823 2391 30 discoverable discoverable JJ 34823 2391 31 relation relation NN 34823 2391 32 to to IN 34823 2391 33 the the DT 34823 2391 34 quantity quantity NN 34823 2391 35 of of IN 34823 2391 36 money money NN 34823 2391 37 in in IN 34823 2391 38 circulation circulation NN 34823 2391 39 . . . 34823 2392 1 Velocity velocity NN 34823 2392 2 of of IN 34823 2392 3 circulation circulation NN 34823 2392 4 is be VBZ 34823 2392 5 the the DT 34823 2392 6 average average JJ 34823 2392 7 rate rate NN 34823 2392 8 of of IN 34823 2392 9 ' ' `` 34823 2392 10 turnover turnover NN 34823 2392 11 , , , 34823 2392 12 ' ' '' 34823 2392 13 and and CC 34823 2392 14 depends depend VBZ 34823 2392 15 on on IN 34823 2392 16 countless countless JJ 34823 2392 17 individual individual JJ 34823 2392 18 rates rate NNS 34823 2392 19 of of IN 34823 2392 20 turnover turnover NN 34823 2392 21 . . . 34823 2393 1 These these DT 34823 2393 2 , , , 34823 2393 3 as as IN 34823 2393 4 we -PRON- PRP 34823 2393 5 have have VBP 34823 2393 6 seen see VBN 34823 2393 7 , , , 34823 2393 8 depend depend VB 34823 2393 9 on on IN 34823 2393 10 individual individual JJ 34823 2393 11 _ _ NNP 34823 2393 12 habits habit NNS 34823 2393 13 _ _ NNP 34823 2393 14 . . . 34823 2394 1 Each each DT 34823 2394 2 person person NN 34823 2394 3 regulates regulate VBZ 34823 2394 4 his -PRON- PRP$ 34823 2394 5 turnover turnover NN 34823 2394 6 to to TO 34823 2394 7 suit suit VB 34823 2394 8 his -PRON- PRP$ 34823 2394 9 individual individual NN 34823 2394 10 _ _ NNP 34823 2394 11 convenience convenience NN 34823 2394 12 _ _ NNP 34823 2394 13 .... .... . 34823 2395 1 In in IN 34823 2395 2 the the DT 34823 2395 3 long long JJ 34823 2395 4 run run NN 34823 2395 5 , , , 34823 2395 6 and and CC 34823 2395 7 for for IN 34823 2395 8 a a DT 34823 2395 9 large large JJ 34823 2395 10 number number NN 34823 2395 11 of of IN 34823 2395 12 people people NNS 34823 2395 13 , , , 34823 2395 14 the the DT 34823 2395 15 average average JJ 34823 2395 16 rate rate NN 34823 2395 17 of of IN 34823 2395 18 turnover turnover NN 34823 2395 19 , , , 34823 2395 20 or or CC 34823 2395 21 what what WP 34823 2395 22 amounts amount VBZ 34823 2395 23 to to IN 34823 2395 24 the the DT 34823 2395 25 same same JJ 34823 2395 26 thing thing NN 34823 2395 27 , , , 34823 2395 28 the the DT 34823 2395 29 average average JJ 34823 2395 30 time time NN 34823 2395 31 money money NN 34823 2395 32 remains remain VBZ 34823 2395 33 in in IN 34823 2395 34 the the DT 34823 2395 35 same same JJ 34823 2395 36 hands hand NNS 34823 2395 37 , , , 34823 2395 38 will will MD 34823 2395 39 be be VB 34823 2395 40 closely closely RB 34823 2395 41 determined determine VBN 34823 2395 42 . . . 34823 2396 1 It -PRON- PRP 34823 2396 2 will will MD 34823 2396 3 depend depend VB 34823 2396 4 on on IN 34823 2396 5 density density NN 34823 2396 6 of of IN 34823 2396 7 population population NN 34823 2396 8 , , , 34823 2396 9 commercial commercial JJ 34823 2396 10 _ _ NNP 34823 2396 11 customs customs NNP 34823 2396 12 _ _ NNP 34823 2396 13 , , , 34823 2396 14 rapidity rapidity NN 34823 2396 15 of of IN 34823 2396 16 transport transport NN 34823 2396 17 , , , 34823 2396 18 and and CC 34823 2396 19 other other JJ 34823 2396 20 technical technical JJ 34823 2396 21 conditions condition NNS 34823 2396 22 , , , 34823 2396 23 but but CC 34823 2396 24 not not RB 34823 2396 25 on on IN 34823 2396 26 the the DT 34823 2396 27 quantity quantity NN 34823 2396 28 of of IN 34823 2396 29 money money NN 34823 2396 30 and and CC 34823 2396 31 deposits deposit NNS 34823 2396 32 nor nor CC 34823 2396 33 on on IN 34823 2396 34 the the DT 34823 2396 35 price price NN 34823 2396 36 - - HYPH 34823 2396 37 level level NN 34823 2396 38 . . . 34823 2396 39 " " '' 34823 2397 1 ( ( -LRB- 34823 2397 2 Italics italic NNS 34823 2397 3 mine mine NN 34823 2397 4 . . . 34823 2398 1 [ [ -LRB- 34823 2398 2 208 208 CD 34823 2398 3 ] ] -RRB- 34823 2398 4 ) ) -RRB- 34823 2398 5 He -PRON- PRP 34823 2398 6 proceeds proceed VBZ 34823 2398 7 to to TO 34823 2398 8 assume assume VB 34823 2398 9 that that IN 34823 2398 10 money money NN 34823 2398 11 is be VBZ 34823 2398 12 doubled double VBN 34823 2398 13 with with IN 34823 2398 14 a a DT 34823 2398 15 _ _ NNP 34823 2398 16 halving halve VBG 34823 2398 17 _ _ NNP 34823 2398 18 of of IN 34823 2398 19 the the DT 34823 2398 20 V V NNP 34823 2398 21 's 's POS 34823 2398 22 , , , 34823 2398 23 instead instead RB 34823 2398 24 of of IN 34823 2398 25 a a DT 34823 2398 26 _ _ NNP 34823 2398 27 doubling double VBG 34823 2398 28 _ _ NNP 34823 2398 29 of of IN 34823 2398 30 P. P. NNP 34823 2398 31 Everybody Everybody NNP 34823 2398 32 now now RB 34823 2398 33 has have VBZ 34823 2398 34 on on IN 34823 2398 35 hand hand NN 34823 2398 36 twice twice PDT 34823 2398 37 as as RB 34823 2398 38 much much JJ 34823 2398 39 money money NN 34823 2398 40 _ _ NNP 34823 2398 41 and and CC 34823 2398 42 deposits deposit NNS 34823 2398 43 _ _ NNP 34823 2398 44 as as IN 34823 2398 45 his -PRON- PRP$ 34823 2398 46 convenience convenience NN 34823 2398 47 has have VBZ 34823 2398 48 taught teach VBN 34823 2398 49 him -PRON- PRP 34823 2398 50 to to TO 34823 2398 51 keep keep VB 34823 2398 52 on on IN 34823 2398 53 hand hand NN 34823 2398 54 . . . 34823 2399 1 He -PRON- PRP 34823 2399 2 will will MD 34823 2399 3 then then RB 34823 2399 4 try try VB 34823 2399 5 to to TO 34823 2399 6 get get VB 34823 2399 7 rid rid VBN 34823 2399 8 of of IN 34823 2399 9 this this DT 34823 2399 10 surplus surplus NN 34823 2399 11 , , , 34823 2399 12 and and CC 34823 2399 13 he -PRON- PRP 34823 2399 14 can can MD 34823 2399 15 only only RB 34823 2399 16 do do VB 34823 2399 17 it -PRON- PRP 34823 2399 18 by by IN 34823 2399 19 buying buy VBG 34823 2399 20 goods good NNS 34823 2399 21 . . . 34823 2400 1 But but CC 34823 2400 2 this this DT 34823 2400 3 will will MD 34823 2400 4 increase increase VB 34823 2400 5 somebody somebody NN 34823 2400 6 else else RB 34823 2400 7 's 's POS 34823 2400 8 surplus surplus NN 34823 2400 9 , , , 34823 2400 10 and and CC 34823 2400 11 he -PRON- PRP 34823 2400 12 will will MD 34823 2400 13 likewise likewise RB 34823 2400 14 try try VB 34823 2400 15 to to TO 34823 2400 16 get get VB 34823 2400 17 rid rid VBN 34823 2400 18 of of IN 34823 2400 19 it -PRON- PRP 34823 2400 20 . . . 34823 2401 1 This this DT 34823 2401 2 will will MD 34823 2401 3 raise raise VB 34823 2401 4 prices price NNS 34823 2401 5 . . . 34823 2402 1 " " `` 34823 2402 2 _ _ NNP 34823 2402 3 Obviously obviously RB 34823 2402 4 _ _ NNP 34823 2402 5 this this DT 34823 2402 6 tendency tendency NN 34823 2402 7 will will MD 34823 2402 8 continue continue VB 34823 2402 9 until until IN 34823 2402 10 there there RB 34823 2402 11 if if IN 34823 2402 12 found find VBD 34823 2402 13 another another DT 34823 2402 14 adjustment adjustment NN 34823 2402 15 of of IN 34823 2402 16 quantities quantity NNS 34823 2402 17 to to IN 34823 2402 18 expenditures expenditure NNS 34823 2402 19 , , , 34823 2402 20 and and CC 34823 2402 21 the the DT 34823 2402 22 _ _ NNP 34823 2402 23 V V NNP 34823 2402 24 's 's POS 34823 2402 25 are be VBP 34823 2402 26 the the DT 34823 2402 27 same same JJ 34823 2402 28 as as IN 34823 2402 29 originally originally RB 34823 2402 30 _ _ NNP 34823 2402 31 . . . 34823 2403 1 " " `` 34823 2403 2 [ [ -LRB- 34823 2403 3 209 209 CD 34823 2403 4 ] ] -RRB- 34823 2403 5 The the DT 34823 2403 6 foregoing foregoing JJ 34823 2403 7 argument argument NN 34823 2403 8 rests rest VBZ 34823 2403 9 in in IN 34823 2403 10 part part NN 34823 2403 11 , , , 34823 2403 12 it -PRON- PRP 34823 2403 13 will will MD 34823 2403 14 be be VB 34823 2403 15 seen see VBN 34823 2403 16 , , , 34823 2403 17 on on IN 34823 2403 18 the the DT 34823 2403 19 assumption assumption NN 34823 2403 20 that that IN 34823 2403 21 a a DT 34823 2403 22 fixed fix VBN 34823 2403 23 ratio ratio NN 34823 2403 24 between between IN 34823 2403 25 M M NNP 34823 2403 26 and and CC 34823 2403 27 M M NNP 34823 2403 28 ´ ´ CD 34823 2403 29 obtains obtain NNS 34823 2403 30 , , , 34823 2403 31 else else RB 34823 2403 32 the the DT 34823 2403 33 increase increase NN 34823 2403 34 of of IN 34823 2403 35 _ _ NNP 34823 2403 36 money money NN 34823 2403 37 _ _ NNP 34823 2403 38 in in IN 34823 2403 39 everybody everybody NN 34823 2403 40 's 's POS 34823 2403 41 hands hand NNS 34823 2403 42 would would MD 34823 2403 43 not not RB 34823 2403 44 mean mean VB 34823 2403 45 a a DT 34823 2403 46 corresponding corresponding JJ 34823 2403 47 increase increase NN 34823 2403 48 in in IN 34823 2403 49 their -PRON- PRP$ 34823 2403 50 _ _ NNP 34823 2403 51 deposits deposit NNS 34823 2403 52 _ _ NNP 34823 2403 53 . . . 34823 2404 1 I -PRON- PRP 34823 2404 2 have have VBP 34823 2404 3 already already RB 34823 2404 4 criticised criticise VBN 34823 2404 5 this this DT 34823 2404 6 doctrine doctrine NN 34823 2404 7 . . . 34823 2405 1 For for IN 34823 2405 2 the the DT 34823 2405 3 contention contention NN 34823 2405 4 that that IN 34823 2405 5 the the DT 34823 2405 6 V V NNP 34823 2405 7 's 's POS 34823 2405 8 will will MD 34823 2405 9 finally finally RB 34823 2405 10 be be VB 34823 2405 11 _ _ NNP 34823 2405 12 just just RB 34823 2405 13 the the DT 34823 2405 14 same same JJ 34823 2405 15 _ _ NNP 34823 2405 16 as as IN 34823 2405 17 before before RB 34823 2405 18 , , , 34823 2405 19 I -PRON- PRP 34823 2405 20 find find VBP 34823 2405 21 no no DT 34823 2405 22 specific specific JJ 34823 2405 23 argument argument NN 34823 2405 24 at at IN 34823 2405 25 all--"_obviously all--"_obviously NNP 34823 2405 26 _ _ NNP 34823 2405 27 " " `` 34823 2405 28 presumably presumably RB 34823 2405 29 making make VBG 34823 2405 30 that that DT 34823 2405 31 unnecessary unnecessary JJ 34823 2405 32 . . . 34823 2406 1 As as IN 34823 2406 2 the the DT 34823 2406 3 point point NN 34823 2406 4 immediately immediately RB 34823 2406 5 at at IN 34823 2406 6 issue issue NN 34823 2406 7 is be VBZ 34823 2406 8 that that IN 34823 2406 9 V V NNP 34823 2406 10 's 's POS 34823 2406 11 will will MD 34823 2406 12 be be VB 34823 2406 13 _ _ NNP 34823 2406 14 unchanged unchanged JJ 34823 2406 15 _ _ NNP 34823 2406 16 by by IN 34823 2406 17 the the DT 34823 2406 18 increase increase NN 34823 2406 19 in in IN 34823 2406 20 M M NNP 34823 2406 21 ( ( -LRB- 34823 2406 22 otherwise otherwise RB 34823 2406 23 P p NN 34823 2406 24 would would MD 34823 2406 25 not not RB 34823 2406 26 increase increase VB 34823 2406 27 _ _ NNP 34823 2406 28 proportionately_--let proportionately_--let NNP 34823 2406 29 us -PRON- PRP 34823 2406 30 see see VBP 34823 2406 31 if if IN 34823 2406 32 considerations consideration NNS 34823 2406 33 can can MD 34823 2406 34 be be VB 34823 2406 35 adduced adduce VBN 34823 2406 36 which which WDT 34823 2406 37 will will MD 34823 2406 38 make make VB 34823 2406 39 this this DT 34823 2406 40 a a DT 34823 2406 41 little little JJ 34823 2406 42 less less RBR 34823 2406 43 " " `` 34823 2406 44 obvious obvious JJ 34823 2406 45 . . . 34823 2406 46 " " '' 34823 2407 1 First first RB 34823 2407 2 , , , 34823 2407 3 it -PRON- PRP 34823 2407 4 will will MD 34823 2407 5 be be VB 34823 2407 6 noticed notice VBN 34823 2407 7 that that IN 34823 2407 8 Fisher Fisher NNP 34823 2407 9 , , , 34823 2407 10 in in IN 34823 2407 11 the the DT 34823 2407 12 foregoing foregoing NN 34823 2407 13 , , , 34823 2407 14 in in IN 34823 2407 15 one one CD 34823 2407 16 sentence sentence NN 34823 2407 17 speaks speak VBZ 34823 2407 18 of of IN 34823 2407 19 the the DT 34823 2407 20 matter matter NN 34823 2407 21 as as IN 34823 2407 22 resting rest VBG 34823 2407 23 on on IN 34823 2407 24 _ _ NNP 34823 2407 25 habit habit NN 34823 2407 26 _ _ NNP 34823 2407 27 , , , 34823 2407 28 and and CC 34823 2407 29 in in IN 34823 2407 30 the the DT 34823 2407 31 next next JJ 34823 2407 32 sentence sentence NN 34823 2407 33 , , , 34823 2407 34 on on IN 34823 2407 35 _ _ NNP 34823 2407 36 convenience convenience NN 34823 2407 37 _ _ NNP 34823 2407 38 . . . 34823 2408 1 He -PRON- PRP 34823 2408 2 speaks speak VBZ 34823 2408 3 , , , 34823 2408 4 also also RB 34823 2408 5 , , , 34823 2408 6 of of IN 34823 2408 7 business business NN 34823 2408 8 _ _ NNP 34823 2408 9 custom custom NN 34823 2408 10 _ _ NNP 34823 2408 11 . . . 34823 2409 1 Now now RB 34823 2409 2 it -PRON- PRP 34823 2409 3 is be VBZ 34823 2409 4 important important JJ 34823 2409 5 to to TO 34823 2409 6 note note VB 34823 2409 7 that that DT 34823 2409 8 habit habit NN 34823 2409 9 and and CC 34823 2409 10 custom custom NN 34823 2409 11 , , , 34823 2409 12 on on IN 34823 2409 13 the the DT 34823 2409 14 one one CD 34823 2409 15 hand hand NN 34823 2409 16 , , , 34823 2409 17 and and CC 34823 2409 18 considerations consideration NNS 34823 2409 19 of of IN 34823 2409 20 convenience convenience NN 34823 2409 21 on on IN 34823 2409 22 the the DT 34823 2409 23 other other JJ 34823 2409 24 , , , 34823 2409 25 do do VB 34823 2409 26 not not RB 34823 2409 27 necessarily necessarily RB 34823 2409 28 coincide coincide VB 34823 2409 29 . . . 34823 2410 1 Many many JJ 34823 2410 2 habits habit NNS 34823 2410 3 and and CC 34823 2410 4 customs custom NNS 34823 2410 5 are be VBP 34823 2410 6 highly highly RB 34823 2410 7 inconvenient inconvenient JJ 34823 2410 8 . . . 34823 2411 1 And and CC 34823 2411 2 it -PRON- PRP 34823 2411 3 is be VBZ 34823 2411 4 not not RB 34823 2411 5 at at RB 34823 2411 6 all all RB 34823 2411 7 likely likely JJ 34823 2411 8 that that DT 34823 2411 9 habit habit NN 34823 2411 10 and and CC 34823 2411 11 custom custom NN 34823 2411 12 should should MD 34823 2411 13 govern govern VB 34823 2411 14 so so RB 34823 2411 15 highly highly RB 34823 2411 16 complex complex JJ 34823 2411 17 a a DT 34823 2411 18 thing thing NN 34823 2411 19 as as IN 34823 2411 20 the the DT 34823 2411 21 ratio ratio NN 34823 2411 22 between between IN 34823 2411 23 cash cash NN 34823 2411 24 on on IN 34823 2411 25 hand hand NN 34823 2411 26 and and CC 34823 2411 27 the the DT 34823 2411 28 price price NN 34823 2411 29 - - HYPH 34823 2411 30 level level NN 34823 2411 31 . . . 34823 2412 1 Rather rather RB 34823 2412 2 , , , 34823 2412 3 in in IN 34823 2412 4 so so RB 34823 2412 5 far far RB 34823 2412 6 as as IN 34823 2412 7 custom custom NN 34823 2412 8 and and CC 34823 2412 9 habit habit NN 34823 2412 10 rule rule NN 34823 2412 11 , , , 34823 2412 12 one one PRP 34823 2412 13 would would MD 34823 2412 14 expect expect VB 34823 2412 15 them -PRON- PRP 34823 2412 16 to to TO 34823 2412 17 relate relate VB 34823 2412 18 to to IN 34823 2412 19 a a DT 34823 2412 20 simpler simple JJR 34823 2412 21 matter matter NN 34823 2412 22 , , , 34823 2412 23 namely namely RB 34823 2412 24 , , , 34823 2412 25 the the DT 34823 2412 26 _ _ NNP 34823 2412 27 amount amount NN 34823 2412 28 of of IN 34823 2412 29 cash cash NN 34823 2412 30 on on IN 34823 2412 31 hand hand NN 34823 2412 32 _ _ NNP 34823 2412 33 . . . 34823 2413 1 If if IN 34823 2413 2 the the DT 34823 2413 3 amount amount NN 34823 2413 4 of of IN 34823 2413 5 cash cash NN 34823 2413 6 kept keep VBN 34823 2413 7 on on IN 34823 2413 8 hand hand NN 34823 2413 9 should should MD 34823 2413 10 remain remain VB 34823 2413 11 controlled control VBN 34823 2413 12 by by IN 34823 2413 13 habit habit NN 34823 2413 14 , , , 34823 2413 15 while while IN 34823 2413 16 the the DT 34823 2413 17 amount amount NN 34823 2413 18 of of IN 34823 2413 19 money money NN 34823 2413 20 is be VBZ 34823 2413 21 increased increase VBN 34823 2413 22 , , , 34823 2413 23 then then RB 34823 2413 24 V V NNP 34823 2413 25 , , , 34823 2413 26 instead instead RB 34823 2413 27 of of IN 34823 2413 28 remaining remain VBG 34823 2413 29 unchanged unchanged JJ 34823 2413 30 , , , 34823 2413 31 would would MD 34823 2413 32 actually actually RB 34823 2413 33 be be VB 34823 2413 34 increased increase VBN 34823 2413 35 , , , 34823 2413 36 unless unless IN 34823 2413 37 the the DT 34823 2413 38 habits habit NNS 34823 2413 39 should should MD 34823 2413 40 be be VB 34823 2413 41 broken break VBN 34823 2413 42 in in RP 34823 2413 43 on on IN 34823 2413 44 . . . 34823 2414 1 I -PRON- PRP 34823 2414 2 shall shall MD 34823 2414 3 show show VB 34823 2414 4 in in IN 34823 2414 5 a a DT 34823 2414 6 moment moment NN 34823 2414 7 that that IN 34823 2414 8 considerations consideration NNS 34823 2414 9 of of IN 34823 2414 10 convenience convenience NN 34823 2414 11 would would MD 34823 2414 12 probably probably RB 34823 2414 13 lead lead VB 34823 2414 14 to to IN 34823 2414 15 a a DT 34823 2414 16 reduced reduce VBN 34823 2414 17 V v NN 34823 2414 18 , , , 34823 2414 19 in in IN 34823 2414 20 so so RB 34823 2414 21 far far RB 34823 2414 22 as as IN 34823 2414 23 individual individual JJ 34823 2414 24 turnover turnover NN 34823 2414 25 is be VBZ 34823 2414 26 concerned concern VBN 34823 2414 27 . . . 34823 2415 1 But but CC 34823 2415 2 which which WDT 34823 2415 3 tendency tendency NN 34823 2415 4 will will MD 34823 2415 5 prevail prevail VB 34823 2415 6 ? ? . 34823 2416 1 Well well UH 34823 2416 2 , , , 34823 2416 3 that that DT 34823 2416 4 will will MD 34823 2416 5 depend depend VB 34823 2416 6 on on IN 34823 2416 7 the the DT 34823 2416 8 degree degree NN 34823 2416 9 to to TO 34823 2416 10 which which WDT 34823 2416 11 custom custom NN 34823 2416 12 and and CC 34823 2416 13 habit habit NN 34823 2416 14 rule rule NN 34823 2416 15 as as IN 34823 2416 16 compared compare VBN 34823 2416 17 with with IN 34823 2416 18 considerations consideration NNS 34823 2416 19 of of IN 34823 2416 20 convenience--_i convenience--_i NNP 34823 2416 21 . . . 34823 2417 1 e e NNP 34823 2417 2 _ _ NNP 34823 2417 3 . . NNP 34823 2417 4 , , , 34823 2417 5 there there EX 34823 2417 6 would would MD 34823 2417 7 be be VB 34823 2417 8 no no DT 34823 2417 9 rule rule NN 34823 2417 10 valid valid JJ 34823 2417 11 for for IN 34823 2417 12 all all DT 34823 2417 13 communities community NNS 34823 2417 14 . . . 34823 2418 1 That that DT 34823 2418 2 convenience convenience NN 34823 2418 3 would would MD 34823 2418 4 lead lead VB 34823 2418 5 to to IN 34823 2418 6 a a DT 34823 2418 7 larger large JJR 34823 2418 8 amount amount NN 34823 2418 9 of of IN 34823 2418 10 money money NN 34823 2418 11 on on IN 34823 2418 12 hand hand NN 34823 2418 13 -- -- : 34823 2418 14 and and CC 34823 2418 15 I -PRON- PRP 34823 2418 16 am be VBP 34823 2418 17 following follow VBG 34823 2418 18 Fisher Fisher NNP 34823 2418 19 's 's POS 34823 2418 20 temporary temporary JJ 34823 2418 21 hypothesis hypothesis NN 34823 2418 22 that that IN 34823 2418 23 there there EX 34823 2418 24 has have VBZ 34823 2418 25 been be VBN 34823 2418 26 no no DT 34823 2418 27 rise rise NN 34823 2418 28 in in IN 34823 2418 29 prices price NNS 34823 2418 30 prior prior RB 34823 2418 31 to to IN 34823 2418 32 the the DT 34823 2418 33 movement movement NN 34823 2418 34 to to TO 34823 2418 35 restore restore VB 34823 2418 36 the the DT 34823 2418 37 V v NN 34823 2418 38 's 's POS 34823 2418 39 to to IN 34823 2418 40 their -PRON- PRP$ 34823 2418 41 old old JJ 34823 2418 42 magnitudes magnitude NNS 34823 2418 43 -- -- : 34823 2418 44 will will MD 34823 2418 45 appear appear VB 34823 2418 46 from from IN 34823 2418 47 considerations consideration NNS 34823 2418 48 like like IN 34823 2418 49 these these DT 34823 2418 50 . . . 34823 2419 1 Few few JJ 34823 2419 2 men man NNS 34823 2419 3 have have VBP 34823 2419 4 as as RB 34823 2419 5 much much JJ 34823 2419 6 on on IN 34823 2419 7 hand hand NN 34823 2419 8 as as IN 34823 2419 9 they -PRON- PRP 34823 2419 10 would would MD 34823 2419 11 like like VB 34823 2419 12 to to TO 34823 2419 13 have have VB 34823 2419 14 , , , 34823 2419 15 including include VBG 34823 2419 16 both both CC 34823 2419 17 their -PRON- PRP$ 34823 2419 18 cash cash NN 34823 2419 19 in in IN 34823 2419 20 hand hand NN 34823 2419 21 and and CC 34823 2419 22 their -PRON- PRP$ 34823 2419 23 deposit deposit NN 34823 2419 24 balances balance NNS 34823 2419 25 . . . 34823 2420 1 Most Most JJS 34823 2420 2 people people NNS 34823 2420 3 have have VBP 34823 2420 4 the the DT 34823 2420 5 tendency tendency NN 34823 2420 6 to to TO 34823 2420 7 hoard hoard VB 34823 2420 8 , , , 34823 2420 9 though though IN 34823 2420 10 it -PRON- PRP 34823 2420 11 is be VBZ 34823 2420 12 usually usually RB 34823 2420 13 held hold VBN 34823 2420 14 in in IN 34823 2420 15 check check NN 34823 2420 16 by by IN 34823 2420 17 necessity necessity NN 34823 2420 18 . . . 34823 2421 1 If if IN 34823 2421 2 money money NN 34823 2421 3 on on IN 34823 2421 4 hand hand NN 34823 2421 5 be be VB 34823 2421 6 increased increase VBN 34823 2421 7 suddenly suddenly RB 34823 2421 8 , , , 34823 2421 9 without without IN 34823 2421 10 prices price NNS 34823 2421 11 being be VBG 34823 2421 12 increased increase VBN 34823 2421 13 , , , 34823 2421 14 and and CC 34823 2421 15 without without IN 34823 2421 16 any any DT 34823 2421 17 prospect prospect NN 34823 2421 18 of of IN 34823 2421 19 increased increase VBN 34823 2421 20 incomes income NNS 34823 2421 21 in in IN 34823 2421 22 the the DT 34823 2421 23 future future NN 34823 2421 24 -- -- : 34823 2421 25 and and CC 34823 2421 26 there there EX 34823 2421 27 is be VBZ 34823 2421 28 nothing nothing NN 34823 2421 29 in in IN 34823 2421 30 Fisher Fisher NNP 34823 2421 31 's 's POS 34823 2421 32 provisional provisional JJ 34823 2421 33 hypothesis hypothesis NN 34823 2421 34 to to TO 34823 2421 35 call call VB 34823 2421 36 for for IN 34823 2421 37 increased increase VBN 34823 2421 38 incomes income NNS 34823 2421 39 , , , 34823 2421 40 as as IN 34823 2421 41 they -PRON- PRP 34823 2421 42 could could MD 34823 2421 43 , , , 34823 2421 44 in in IN 34823 2421 45 fact fact NN 34823 2421 46 , , , 34823 2421 47 come come VB 34823 2421 48 only only RB 34823 2421 49 from from IN 34823 2421 50 an an DT 34823 2421 51 increase increase NN 34823 2421 52 in in IN 34823 2421 53 prices price NNS 34823 2421 54 -- -- : 34823 2421 55 why why WRB 34823 2421 56 might may MD 34823 2421 57 not not RB 34823 2421 58 there there EX 34823 2421 59 be be VB 34823 2421 60 a a DT 34823 2421 61 considerable considerable JJ 34823 2421 62 saving saving NN 34823 2421 63 of of IN 34823 2421 64 money money NN 34823 2421 65 , , , 34823 2421 66 with with IN 34823 2421 67 a a DT 34823 2421 68 corresponding corresponding JJ 34823 2421 69 reduction reduction NN 34823 2421 70 in in IN 34823 2421 71 V v NN 34823 2421 72 ? ? . 34823 2422 1 If if IN 34823 2422 2 it -PRON- PRP 34823 2422 3 be be VB 34823 2422 4 objected object VBN 34823 2422 5 that that IN 34823 2422 6 people people NNS 34823 2422 7 , , , 34823 2422 8 in in IN 34823 2422 9 saving save VBG 34823 2422 10 their -PRON- PRP$ 34823 2422 11 money money NN 34823 2422 12 , , , 34823 2422 13 will will MD 34823 2422 14 in in IN 34823 2422 15 considerable considerable JJ 34823 2422 16 degree degree NN 34823 2422 17 put put VBN 34823 2422 18 it -PRON- PRP 34823 2422 19 into into IN 34823 2422 20 the the DT 34823 2422 21 banks bank NNS 34823 2422 22 , , , 34823 2422 23 and and CC 34823 2422 24 that that IN 34823 2422 25 the the DT 34823 2422 26 banks bank NNS 34823 2422 27 , , , 34823 2422 28 with with IN 34823 2422 29 larger large JJR 34823 2422 30 reserves reserve NNS 34823 2422 31 , , , 34823 2422 32 will will MD 34823 2422 33 increase increase VB 34823 2422 34 loans loan NNS 34823 2422 35 and and CC 34823 2422 36 deposits deposit NNS 34823 2422 37 , , , 34823 2422 38 I -PRON- PRP 34823 2422 39 would would MD 34823 2422 40 urge urge VB 34823 2422 41 , , , 34823 2422 42 that that IN 34823 2422 43 it -PRON- PRP 34823 2422 44 is be VBZ 34823 2422 45 on on IN 34823 2422 46 the the DT 34823 2422 47 part part NN 34823 2422 48 of of IN 34823 2422 49 banks bank NNS 34823 2422 50 that that WDT 34823 2422 51 this this DT 34823 2422 52 tendency tendency NN 34823 2422 53 to to TO 34823 2422 54 increase increase VB 34823 2422 55 hoards hoard NNS 34823 2422 56 in in IN 34823 2422 57 times time NNS 34823 2422 58 of of IN 34823 2422 59 abundant abundant JJ 34823 2422 60 money money NN 34823 2422 61 is be VBZ 34823 2422 62 particularly particularly RB 34823 2422 63 marked mark VBN 34823 2422 64 , , , 34823 2422 65 and and CC 34823 2422 66 for for IN 34823 2422 67 proof proof NN 34823 2422 68 would would MD 34823 2422 69 point point VB 34823 2422 70 to to IN 34823 2422 71 the the DT 34823 2422 72 figures figure NNS 34823 2422 73 quoted quote VBN 34823 2422 74 from from IN 34823 2422 75 Keynes[210 Keynes[210 NNP 34823 2422 76 ] ] -RRB- 34823 2422 77 for for IN 34823 2422 78 the the DT 34823 2422 79 great great JJ 34823 2422 80 banks bank NNS 34823 2422 81 and and CC 34823 2422 82 treasuries treasury NNS 34823 2422 83 of of IN 34823 2422 84 Europe Europe NNP 34823 2422 85 in in IN 34823 2422 86 the the DT 34823 2422 87 last last JJ 34823 2422 88 fifteen fifteen CD 34823 2422 89 years year NNS 34823 2422 90 . . . 34823 2423 1 It -PRON- PRP 34823 2423 2 is be VBZ 34823 2423 3 not not RB 34823 2423 4 necessary necessary JJ 34823 2423 5 for for IN 34823 2423 6 my -PRON- PRP$ 34823 2423 7 purpose purpose NN 34823 2423 8 at at IN 34823 2423 9 this this DT 34823 2423 10 point point NN 34823 2423 11 to to TO 34823 2423 12 do do VB 34823 2423 13 more more JJR 34823 2423 14 than than IN 34823 2423 15 show show VB 34823 2423 16 that that IN 34823 2423 17 there there EX 34823 2423 18 is be VBZ 34823 2423 19 reason reason NN 34823 2423 20 to to TO 34823 2423 21 expect expect VB 34823 2423 22 an an DT 34823 2423 23 increase increase NN 34823 2423 24 in in IN 34823 2423 25 money money NN 34823 2423 26 to to IN 34823 2423 27 _ _ NNP 34823 2423 28 change change NN 34823 2423 29 _ _ NNP 34823 2423 30 the the DT 34823 2423 31 V V NNP 34823 2423 32 's 's POS 34823 2423 33 . . . 34823 2424 1 Fisher Fisher NNP 34823 2424 2 's 's POS 34823 2424 3 argument argument NN 34823 2424 4 rests rest VBZ 34823 2424 5 on on IN 34823 2424 6 the the DT 34823 2424 7 contention contention NN 34823 2424 8 that that IN 34823 2424 9 the the DT 34823 2424 10 V V NNP 34823 2424 11 's 's POS 34823 2424 12 will will MD 34823 2424 13 be be VB 34823 2424 14 neither neither CC 34823 2424 15 increased increase VBN 34823 2424 16 or or CC 34823 2424 17 reduced reduce VBN 34823 2424 18 -- -- : 34823 2424 19 otherwise otherwise RB 34823 2424 20 an an DT 34823 2424 21 increase increase NN 34823 2424 22 in in IN 34823 2424 23 money money NN 34823 2424 24 will will MD 34823 2424 25 not not RB 34823 2424 26 _ _ VB 34823 2424 27 proportionately proportionately RB 34823 2424 28 _ _ NNP 34823 2424 29 raise raise NN 34823 2424 30 prices price NNS 34823 2424 31 . . . 34823 2425 1 The the DT 34823 2425 2 appeal appeal NN 34823 2425 3 to to TO 34823 2425 4 habit habit VB 34823 2425 5 and and CC 34823 2425 6 custom custom NN 34823 2425 7 in in IN 34823 2425 8 the the DT 34823 2425 9 matter matter NN 34823 2425 10 is be VBZ 34823 2425 11 particularly particularly RB 34823 2425 12 unsatisfactory unsatisfactory JJ 34823 2425 13 . . . 34823 2426 1 Custom custom NN 34823 2426 2 and and CC 34823 2426 3 habit habit NN 34823 2426 4 could could MD 34823 2426 5 not not RB 34823 2426 6 possibly possibly RB 34823 2426 7 regulate regulate VB 34823 2426 8 things thing NNS 34823 2426 9 so so RB 34823 2426 10 complex complex JJ 34823 2426 11 as as IN 34823 2426 12 velocities velocity NNS 34823 2426 13 of of IN 34823 2426 14 money money NN 34823 2426 15 and and CC 34823 2426 16 bank bank NN 34823 2426 17 - - HYPH 34823 2426 18 deposits deposit NNS 34823 2426 19 . . . 34823 2427 1 Whatever whatever WDT 34823 2427 2 be be VB 34823 2427 3 the the DT 34823 2427 4 ultimate ultimate JJ 34823 2427 5 effect effect NN 34823 2427 6 of of IN 34823 2427 7 an an DT 34823 2427 8 increase increase NN 34823 2427 9 in in IN 34823 2427 10 money money NN 34823 2427 11 , , , 34823 2427 12 the the DT 34823 2427 13 immediate immediate JJ 34823 2427 14 effect effect NN 34823 2427 15 is be VBZ 34823 2427 16 commonly commonly RB 34823 2427 17 to to TO 34823 2427 18 reduce reduce VB 34823 2427 19 the the DT 34823 2427 20 money money NN 34823 2427 21 - - HYPH 34823 2427 22 rates rate NNS 34823 2427 23 . . . 34823 2428 1 Banks bank NNS 34823 2428 2 have have VBP 34823 2428 3 less less JJR 34823 2428 4 inducement inducement JJ 34823 2428 5 to to TO 34823 2428 6 pay pay VB 34823 2428 7 interest interest NN 34823 2428 8 on on IN 34823 2428 9 deposits deposit NNS 34823 2428 10 , , , 34823 2428 11 and and CC 34823 2428 12 charge charge VB 34823 2428 13 lower low JJR 34823 2428 14 rates rate NNS 34823 2428 15 for for IN 34823 2428 16 loans loan NNS 34823 2428 17 . . . 34823 2429 1 Now now RB 34823 2429 2 merchants merchant NNS 34823 2429 3 , , , 34823 2429 4 especially especially RB 34823 2429 5 small small JJ 34823 2429 6 merchants merchant NNS 34823 2429 7 , , , 34823 2429 8 are be VBP 34823 2429 9 often often RB 34823 2429 10 embarrassed embarrassed JJ 34823 2429 11 in in IN 34823 2429 12 making make VBG 34823 2429 13 change change NN 34823 2429 14 for for IN 34823 2429 15 customers customer NNS 34823 2429 16 . . . 34823 2430 1 The the DT 34823 2430 2 man man NN 34823 2430 3 who who WP 34823 2430 4 has have VBZ 34823 2430 5 tried try VBN 34823 2430 6 to to TO 34823 2430 7 make make VB 34823 2430 8 payment payment NN 34823 2430 9 with with IN 34823 2430 10 a a DT 34823 2430 11 ten ten CD 34823 2430 12 dollar dollar NN 34823 2430 13 bill bill NN 34823 2430 14 in in IN 34823 2430 15 a a DT 34823 2430 16 country country NN 34823 2430 17 store store NN 34823 2430 18 has have VBZ 34823 2430 19 not not RB 34823 2430 20 infrequently infrequently RB 34823 2430 21 put put VBN 34823 2430 22 the the DT 34823 2430 23 storekeeper storekeeper NN 34823 2430 24 to to IN 34823 2430 25 much much JJ 34823 2430 26 inconvenience inconvenience NN 34823 2430 27 . . . 34823 2431 1 To to TO 34823 2431 2 offer offer VB 34823 2431 3 a a DT 34823 2431 4 ten ten CD 34823 2431 5 dollar dollar NN 34823 2431 6 bill bill NN 34823 2431 7 , , , 34823 2431 8 or or CC 34823 2431 9 even even RB 34823 2431 10 a a DT 34823 2431 11 five five CD 34823 2431 12 dollar dollar NN 34823 2431 13 bill bill NN 34823 2431 14 , , , 34823 2431 15 to to IN 34823 2431 16 a a DT 34823 2431 17 storekeeper storekeeper NN 34823 2431 18 on on IN 34823 2431 19 Amsterdam Amsterdam NNP 34823 2431 20 Avenue Avenue NNP 34823 2431 21 in in IN 34823 2431 22 New New NNP 34823 2431 23 York York NNP 34823 2431 24 City City NNP 34823 2431 25 may may MD 34823 2431 26 well well RB 34823 2431 27 mean mean VB 34823 2431 28 that that IN 34823 2431 29 the the DT 34823 2431 30 one one CD 34823 2431 31 clerk clerk NN 34823 2431 32 in in IN 34823 2431 33 the the DT 34823 2431 34 establishment establishment NN 34823 2431 35 , , , 34823 2431 36 or or CC 34823 2431 37 the the DT 34823 2431 38 proprietor proprietor NN 34823 2431 39 's 's POS 34823 2431 40 wife wife NN 34823 2431 41 will will MD 34823 2431 42 run run VB 34823 2431 43 out out RP 34823 2431 44 with with IN 34823 2431 45 the the DT 34823 2431 46 bill bill NN 34823 2431 47 to to IN 34823 2431 48 three three CD 34823 2431 49 or or CC 34823 2431 50 four four CD 34823 2431 51 neighboring neighboring NN 34823 2431 52 stores store NNS 34823 2431 53 before before IN 34823 2431 54 finding find VBG 34823 2431 55 change change NN 34823 2431 56 with with IN 34823 2431 57 which which WDT 34823 2431 58 to to TO 34823 2431 59 break break VB 34823 2431 60 it -PRON- PRP 34823 2431 61 . . . 34823 2432 1 If if IN 34823 2432 2 money money NN 34823 2432 3 is be VBZ 34823 2432 4 more more RBR 34823 2432 5 abundant abundant JJ 34823 2432 6 , , , 34823 2432 7 if if IN 34823 2432 8 money money NN 34823 2432 9 - - HYPH 34823 2432 10 rates rate NNS 34823 2432 11 are be VBP 34823 2432 12 easier easy JJR 34823 2432 13 , , , 34823 2432 14 for for IN 34823 2432 15 a a DT 34823 2432 16 time time NN 34823 2432 17 , , , 34823 2432 18 it -PRON- PRP 34823 2432 19 may may MD 34823 2432 20 easily easily RB 34823 2432 21 happen happen VB 34823 2432 22 that that IN 34823 2432 23 many many JJ 34823 2432 24 small small JJ 34823 2432 25 merchants merchant NNS 34823 2432 26 will will MD 34823 2432 27 experience experience VB 34823 2432 28 the the DT 34823 2432 29 superior superior JJ 34823 2432 30 convenience convenience NN 34823 2432 31 of of IN 34823 2432 32 having have VBG 34823 2432 33 a a DT 34823 2432 34 more more RBR 34823 2432 35 adequate adequate JJ 34823 2432 36 amount amount NN 34823 2432 37 of of IN 34823 2432 38 change change NN 34823 2432 39 in in IN 34823 2432 40 the the DT 34823 2432 41 till till NN 34823 2432 42 , , , 34823 2432 43 and and CC 34823 2432 44 will will MD 34823 2432 45 , , , 34823 2432 46 even even RB 34823 2432 47 after after IN 34823 2432 48 the the DT 34823 2432 49 money money NN 34823 2432 50 - - HYPH 34823 2432 51 rates rate NNS 34823 2432 52 have have VBP 34823 2432 53 risen rise VBN 34823 2432 54 -- -- : 34823 2432 55 if if IN 34823 2432 56 they -PRON- PRP 34823 2432 57 do do VBP 34823 2432 58 rise rise VB 34823 2432 59 again again RB 34823 2432 60 to to IN 34823 2432 61 the the DT 34823 2432 62 old old JJ 34823 2432 63 figure figure NN 34823 2432 64 -- -- : 34823 2432 65 find find VB 34823 2432 66 a a DT 34823 2432 67 new new JJ 34823 2432 68 reason reason NN 34823 2432 69 for for IN 34823 2432 70 keeping keep VBG 34823 2432 71 more more JJR 34823 2432 72 cash cash NN 34823 2432 73 on on IN 34823 2432 74 hand hand NN 34823 2432 75 . . . 34823 2433 1 There there EX 34823 2433 2 is be VBZ 34823 2433 3 a a DT 34823 2433 4 marginal marginal JJ 34823 2433 5 equilibrium equilibrium NN 34823 2433 6 between between IN 34823 2433 7 the the DT 34823 2433 8 interest interest NN 34823 2433 9 on on IN 34823 2433 10 the the DT 34823 2433 11 capital capital NN 34823 2433 12 invested invest VBN 34823 2433 13 in in IN 34823 2433 14 cash cash NN 34823 2433 15 in in IN 34823 2433 16 the the DT 34823 2433 17 till till NN 34823 2433 18 , , , 34823 2433 19 and and CC 34823 2433 20 the the DT 34823 2433 21 wages wage NNS 34823 2433 22 of of IN 34823 2433 23 the the DT 34823 2433 24 clerk,[211 clerk,[211 NN 34823 2433 25 ] ] -RRB- 34823 2433 26 whose whose WP$ 34823 2433 27 active active JJ 34823 2433 28 legs leg NNS 34823 2433 29 assist assist VBP 34823 2433 30 the the DT 34823 2433 31 velocity velocity NN 34823 2433 32 of of IN 34823 2433 33 money money NN 34823 2433 34 . . . 34823 2434 1 Not not RB 34823 2434 2 only only RB 34823 2434 3 banks bank NNS 34823 2434 4 and and CC 34823 2434 5 small small JJ 34823 2434 6 dealers dealer NNS 34823 2434 7 , , , 34823 2434 8 however however RB 34823 2434 9 , , , 34823 2434 10 find find VB 34823 2434 11 it -PRON- PRP 34823 2434 12 advantageous advantageous JJ 34823 2434 13 to to TO 34823 2434 14 increase increase VB 34823 2434 15 their -PRON- PRP$ 34823 2434 16 supply supply NN 34823 2434 17 of of IN 34823 2434 18 ready ready JJ 34823 2434 19 funds fund NNS 34823 2434 20 , , , 34823 2434 21 held hold VBD 34823 2434 22 idle idle NN 34823 2434 23 for for IN 34823 2434 24 special special JJ 34823 2434 25 occasions occasion NNS 34823 2434 26 . . . 34823 2435 1 The the DT 34823 2435 2 United United NNP 34823 2435 3 States States NNP 34823 2435 4 Steel Steel NNP 34823 2435 5 Corporation Corporation NNP 34823 2435 6 has have VBZ 34823 2435 7 kept keep VBN 34823 2435 8 as as RB 34823 2435 9 much much JJ 34823 2435 10 as as IN 34823 2435 11 $ $ $ 34823 2435 12 50,000,000.00 50,000,000.00 CD 34823 2435 13 to to IN 34823 2435 14 $ $ $ 34823 2435 15 75,000,000.00 75,000,000.00 CD 34823 2435 16 in in IN 34823 2435 17 idle idle JJ 34823 2435 18 cash cash NN 34823 2435 19 or or CC 34823 2435 20 idle idle JJ 34823 2435 21 deposits deposit NNS 34823 2435 22 , , , 34823 2435 23 as as IN 34823 2435 24 a a DT 34823 2435 25 means means NN 34823 2435 26 of of IN 34823 2435 27 being be VBG 34823 2435 28 independent independent JJ 34823 2435 29 of of IN 34823 2435 30 banks bank NNS 34823 2435 31 in in IN 34823 2435 32 times time NNS 34823 2435 33 of of IN 34823 2435 34 emergency emergency NN 34823 2435 35 . . . 34823 2436 1 [ [ -LRB- 34823 2436 2 212 212 CD 34823 2436 3 ] ] -RRB- 34823 2436 4 The the DT 34823 2436 5 motive motive NN 34823 2436 6 for for IN 34823 2436 7 accumulating accumulate VBG 34823 2436 8 reserves reserve NNS 34823 2436 9 and and CC 34823 2436 10 hoards hoard NNS 34823 2436 11 , , , 34823 2436 12 either either CC 34823 2436 13 of of IN 34823 2436 14 cash cash NN 34823 2436 15 or or CC 34823 2436 16 deposit deposit NN 34823 2436 17 accounts account NNS 34823 2436 18 , , , 34823 2436 19 is be VBZ 34823 2436 20 at at IN 34823 2436 21 all all DT 34823 2436 22 times time NNS 34823 2436 23 strong strong JJ 34823 2436 24 . . . 34823 2437 1 In in IN 34823 2437 2 times time NNS 34823 2437 3 of of IN 34823 2437 4 financial financial JJ 34823 2437 5 ease ease NN 34823 2437 6 , , , 34823 2437 7 it -PRON- PRP 34823 2437 8 may may MD 34823 2437 9 easily easily RB 34823 2437 10 find find VB 34823 2437 11 the the DT 34823 2437 12 difficulties difficulty NNS 34823 2437 13 which which WDT 34823 2437 14 ordinarily ordinarily RB 34823 2437 15 repress repress VBP 34823 2437 16 it -PRON- PRP 34823 2437 17 give give VBP 34823 2437 18 way way NN 34823 2437 19 , , , 34823 2437 20 and and CC 34823 2437 21 , , , 34823 2437 22 by by IN 34823 2437 23 being be VBG 34823 2437 24 gratified gratify VBN 34823 2437 25 , , , 34823 2437 26 grow grow VB 34823 2437 27 stronger strong JJR 34823 2437 28 . . . 34823 2438 1 I -PRON- PRP 34823 2438 2 conclude conclude VBP 34823 2438 3 that that IN 34823 2438 4 there there EX 34823 2438 5 is be VBZ 34823 2438 6 positive positive JJ 34823 2438 7 reason reason NN 34823 2438 8 for for IN 34823 2438 9 expecting expect VBG 34823 2438 10 an an DT 34823 2438 11 increase increase NN 34823 2438 12 of of IN 34823 2438 13 money money NN 34823 2438 14 to to TO 34823 2438 15 reduce reduce VB 34823 2438 16 the the DT 34823 2438 17 velocity velocity NN 34823 2438 18 of of IN 34823 2438 19 money money NN 34823 2438 20 . . . 34823 2439 1 Horace Horace NNP 34823 2439 2 White White NNP 34823 2439 3 , , , 34823 2439 4 in in IN 34823 2439 5 his -PRON- PRP$ 34823 2439 6 _ _ NNP 34823 2439 7 Money Money NNP 34823 2439 8 and and CC 34823 2439 9 Banking Banking NNP 34823 2439 10 _ _ NNP 34823 2439 11 , , , 34823 2439 12 in in IN 34823 2439 13 the the DT 34823 2439 14 earlier early JJR 34823 2439 15 editions edition NNS 34823 2439 16 , , , 34823 2439 17 speaks speak NNS 34823 2439 18 of of IN 34823 2439 19 the the DT 34823 2439 20 velocity velocity NN 34823 2439 21 of of IN 34823 2439 22 money money NN 34823 2439 23 , , , 34823 2439 24 " " '' 34823 2439 25 _ _ NNP 34823 2439 26 alias alias NNP 34823 2439 27 _ _ NNP 34823 2439 28 the the DT 34823 2439 29 state state NN 34823 2439 30 of of IN 34823 2439 31 trade trade NN 34823 2439 32 . . . 34823 2439 33 " " '' 34823 2440 1 Is be VBZ 34823 2440 2 not not RB 34823 2440 3 this this DT 34823 2440 4 the the DT 34823 2440 5 truth truth NN 34823 2440 6 ? ? . 34823 2441 1 Is be VBZ 34823 2441 2 not not RB 34823 2441 3 money money NN 34823 2441 4 circulating circulate VBG 34823 2441 5 rapidly rapidly RB 34823 2441 6 , , , 34823 2441 7 when when WRB 34823 2441 8 business business NN 34823 2441 9 is be VBZ 34823 2441 10 active active JJ 34823 2441 11 , , , 34823 2441 12 and and CC 34823 2441 13 slowly slowly RB 34823 2441 14 when when WRB 34823 2441 15 business business NN 34823 2441 16 is be VBZ 34823 2441 17 dull dull JJ 34823 2441 18 ? ? . 34823 2442 1 Is be VBZ 34823 2442 2 not not RB 34823 2442 3 the the DT 34823 2442 4 velocity velocity NN 34823 2442 5 of of IN 34823 2442 6 circulation circulation NN 34823 2442 7 a a DT 34823 2442 8 highly highly RB 34823 2442 9 flexible flexible JJ 34823 2442 10 and and CC 34823 2442 11 variable variable JJ 34823 2442 12 average average NN 34823 2442 13 , , , 34823 2442 14 a a DT 34823 2442 15 _ _ NNP 34823 2442 16 cause cause IN 34823 2442 17 _ _ NNP 34823 2442 18 of of IN 34823 2442 19 nothing nothing NN 34823 2442 20 , , , 34823 2442 21 and and CC 34823 2442 22 an an DT 34823 2442 23 index index NN 34823 2442 24 of of IN 34823 2442 25 business business NN 34823 2442 26 activity activity NN 34823 2442 27 ? ? . 34823 2443 1 Or or CC 34823 2443 2 , , , 34823 2443 3 better well JJR 34823 2443 4 , , , 34823 2443 5 perhaps perhaps RB 34823 2443 6 , , , 34823 2443 7 are be VBP 34823 2443 8 not not RB 34823 2443 9 the the DT 34823 2443 10 V V NNP 34823 2443 11 's 's POS 34823 2443 12 and and CC 34823 2443 13 T T NNP 34823 2443 14 both both DT 34823 2443 15 governed govern VBN 34823 2443 16 , , , 34823 2443 17 in in IN 34823 2443 18 large large JJ 34823 2443 19 degree degree NN 34823 2443 20 , , , 34823 2443 21 by by IN 34823 2443 22 more more JJR 34823 2443 23 fundamental fundamental JJ 34823 2443 24 causes cause NNS 34823 2443 25 which which WDT 34823 2443 26 are be VBP 34823 2443 27 largely largely RB 34823 2443 28 the the DT 34823 2443 29 same same JJ 34823 2443 30 for for IN 34823 2443 31 both both DT 34823 2443 32 ? ? . 34823 2444 1 Fisher Fisher NNP 34823 2444 2 would would MD 34823 2444 3 admit admit VB 34823 2444 4 something something NN 34823 2444 5 of of IN 34823 2444 6 this this DT 34823 2444 7 for for IN 34823 2444 8 transition transition NN 34823 2444 9 periods period NNS 34823 2444 10 . . . 34823 2445 1 Even even RB 34823 2445 2 for for IN 34823 2445 3 normal normal JJ 34823 2445 4 adjustments adjustment NNS 34823 2445 5 , , , 34823 2445 6 he -PRON- PRP 34823 2445 7 admits admit VBZ 34823 2445 8 that that IN 34823 2445 9 an an DT 34823 2445 10 increase increase NN 34823 2445 11 in in IN 34823 2445 12 T t NN 34823 2445 13 , , , 34823 2445 14 unaccompanied unaccompanied JJ 34823 2445 15 by by IN 34823 2445 16 an an DT 34823 2445 17 increase increase NN 34823 2445 18 in in IN 34823 2445 19 M M NNP 34823 2445 20 , , , 34823 2445 21 leads lead VBZ 34823 2445 22 to to IN 34823 2445 23 some some DT 34823 2445 24 increase increase NN 34823 2445 25 in in IN 34823 2445 26 the the DT 34823 2445 27 V V NNP 34823 2445 28 's 's POS 34823 2445 29 , , , 34823 2445 30 though though IN 34823 2445 31 he -PRON- PRP 34823 2445 32 does do VBZ 34823 2445 33 n't not RB 34823 2445 34 say say VB 34823 2445 35 how how WRB 34823 2445 36 much much JJ 34823 2445 37 . . . 34823 2446 1 [ [ -LRB- 34823 2446 2 213 213 CD 34823 2446 3 ] ] -RRB- 34823 2446 4 He -PRON- PRP 34823 2446 5 denies deny VBZ 34823 2446 6 , , , 34823 2446 7 however however RB 34823 2446 8 , , , 34823 2446 9 that that IN 34823 2446 10 an an DT 34823 2446 11 increase increase NN 34823 2446 12 in in IN 34823 2446 13 the the DT 34823 2446 14 V v NN 34823 2446 15 's 's POS 34823 2446 16 will will MD 34823 2446 17 increase increase VB 34823 2446 18 T.[214 T.[214 . 34823 2446 19 ] ] -RRB- 34823 2446 20 In in IN 34823 2446 21 general general JJ 34823 2446 22 , , , 34823 2446 23 it -PRON- PRP 34823 2446 24 is be VBZ 34823 2446 25 clear clear JJ 34823 2446 26 that that IN 34823 2446 27 he -PRON- PRP 34823 2446 28 regards regard VBZ 34823 2446 29 the the DT 34823 2446 30 V v NN 34823 2446 31 's 's POS 34823 2446 32 and and CC 34823 2446 33 T T NNP 34823 2446 34 as as IN 34823 2446 35 governed govern VBN 34823 2446 36 by by IN 34823 2446 37 different different JJ 34823 2446 38 causes cause NNS 34823 2446 39 . . . 34823 2447 1 The the DT 34823 2447 2 control control NN 34823 2447 3 of of IN 34823 2447 4 the the DT 34823 2447 5 V V NNP 34823 2447 6 's 's POS 34823 2447 7 by by IN 34823 2447 8 T T NNP 34823 2447 9 is be VBZ 34823 2447 10 not not RB 34823 2447 11 the the DT 34823 2447 12 only only JJ 34823 2447 13 or or CC 34823 2447 14 the the DT 34823 2447 15 chief chief JJ 34823 2447 16 control control NN 34823 2447 17 of of IN 34823 2447 18 the the DT 34823 2447 19 V V NNP 34823 2447 20 's 's POS 34823 2447 21 . . . 34823 2448 1 The the DT 34823 2448 2 V V NNP 34823 2448 3 's 's POS 34823 2448 4 can can MD 34823 2448 5 increase increase VB 34823 2448 6 greatly greatly RB 34823 2448 7 without without IN 34823 2448 8 an an DT 34823 2448 9 increase increase NN 34823 2448 10 of of IN 34823 2448 11 T t NN 34823 2448 12 , , , 34823 2448 13 in in IN 34823 2448 14 his -PRON- PRP$ 34823 2448 15 scheme scheme NN 34823 2448 16 . . . 34823 2449 1 That that IN 34823 2449 2 this this DT 34823 2449 3 is be VBZ 34823 2449 4 so so RB 34823 2449 5 , , , 34823 2449 6 will will MD 34823 2449 7 appear appear VB 34823 2449 8 from from IN 34823 2449 9 a a DT 34823 2449 10 comparison comparison NN 34823 2449 11 of of IN 34823 2449 12 the the DT 34823 2449 13 list list NN 34823 2449 14 of of IN 34823 2449 15 causes cause NNS 34823 2449 16 which which WDT 34823 2449 17 he -PRON- PRP 34823 2449 18 gives give VBZ 34823 2449 19 as as IN 34823 2449 20 governing govern VBG 34823 2449 21 the the DT 34823 2449 22 V V NNP 34823 2449 23 's 's POS 34823 2449 24 and and CC 34823 2449 25 T T NNP 34823 2449 26 respectively respectively RB 34823 2449 27 : : : 34823 2449 28 Causes cause NNS 34823 2449 29 governing govern VBG 34823 2449 30 V V NNP 34823 2449 31 's 's POS 34823 2449 32 : : : 34823 2449 33 1 1 CD 34823 2449 34 . . . 34823 2450 1 Habits habit NNS 34823 2450 2 of of IN 34823 2450 3 the the DT 34823 2450 4 individual individual NN 34823 2450 5 . . . 34823 2451 1 ( ( -LRB- 34823 2451 2 a a LS 34823 2451 3 ) ) -RRB- 34823 2451 4 As as IN 34823 2451 5 to to TO 34823 2451 6 thrift thrift NN 34823 2451 7 and and CC 34823 2451 8 hoarding hoarding NN 34823 2451 9 . . . 34823 2452 1 ( ( -LRB- 34823 2452 2 b b LS 34823 2452 3 ) ) -RRB- 34823 2452 4 As as IN 34823 2452 5 to to IN 34823 2452 6 book book NN 34823 2452 7 credit credit NN 34823 2452 8 . . . 34823 2453 1 ( ( -LRB- 34823 2453 2 c c NN 34823 2453 3 ) ) -RRB- 34823 2453 4 As as IN 34823 2453 5 to to IN 34823 2453 6 use use NN 34823 2453 7 of of IN 34823 2453 8 checks check NNS 34823 2453 9 . . . 34823 2454 1 2 2 LS 34823 2454 2 . . . 34823 2455 1 Systems system NNS 34823 2455 2 of of IN 34823 2455 3 payments payment NNS 34823 2455 4 in in IN 34823 2455 5 the the DT 34823 2455 6 community community NN 34823 2455 7 . . . 34823 2456 1 ( ( -LRB- 34823 2456 2 a a LS 34823 2456 3 ) ) -RRB- 34823 2456 4 As as IN 34823 2456 5 to to IN 34823 2456 6 frequency frequency NN 34823 2456 7 of of IN 34823 2456 8 receipts receipt NNS 34823 2456 9 and and CC 34823 2456 10 disbursements disbursement NNS 34823 2456 11 . . . 34823 2457 1 ( ( -LRB- 34823 2457 2 b b LS 34823 2457 3 ) ) -RRB- 34823 2457 4 As as IN 34823 2457 5 to to IN 34823 2457 6 regularity regularity NN 34823 2457 7 of of IN 34823 2457 8 receipts receipt NNS 34823 2457 9 and and CC 34823 2457 10 disbursements disbursement NNS 34823 2457 11 . . . 34823 2458 1 ( ( -LRB- 34823 2458 2 c c NN 34823 2458 3 ) ) -RRB- 34823 2458 4 As as IN 34823 2458 5 to to IN 34823 2458 6 correspondence correspondence NN 34823 2458 7 between between IN 34823 2458 8 times time NNS 34823 2458 9 and and CC 34823 2458 10 amounts amount NNS 34823 2458 11 of of IN 34823 2458 12 receipts receipt NNS 34823 2458 13 and and CC 34823 2458 14 disbursements disbursement NNS 34823 2458 15 . . . 34823 2459 1 3 3 LS 34823 2459 2 . . . 34823 2460 1 General general JJ 34823 2460 2 causes cause NNS 34823 2460 3 . . . 34823 2461 1 ( ( -LRB- 34823 2461 2 a a LS 34823 2461 3 ) ) -RRB- 34823 2461 4 Density density NN 34823 2461 5 of of IN 34823 2461 6 population population NN 34823 2461 7 . . . 34823 2462 1 ( ( -LRB- 34823 2462 2 b b LS 34823 2462 3 ) ) -RRB- 34823 2462 4 Rapidity rapidity NN 34823 2462 5 of of IN 34823 2462 6 transportation transportation NN 34823 2462 7 . . . 34823 2463 1 Compare compare VB 34823 2463 2 this this DT 34823 2463 3 list list NN 34823 2463 4 with with IN 34823 2463 5 the the DT 34823 2463 6 causes cause NNS 34823 2463 7 governing govern VBG 34823 2463 8 T:[215 t:[215 RB 34823 2463 9 ] ] -RRB- 34823 2463 10 1 1 CD 34823 2463 11 . . . 34823 2464 1 Conditions condition NNS 34823 2464 2 affecting affect VBG 34823 2464 3 producers producer NNS 34823 2464 4 : : : 34823 2464 5 Geographical geographical JJ 34823 2464 6 differences difference NNS 34823 2464 7 in in IN 34823 2464 8 Natural Natural NNP 34823 2464 9 Resources Resources NNPS 34823 2464 10 ; ; , 34823 2464 11 the the DT 34823 2464 12 division division NN 34823 2464 13 of of IN 34823 2464 14 labor labor NN 34823 2464 15 ; ; : 34823 2464 16 knowledge knowledge NN 34823 2464 17 of of IN 34823 2464 18 technique technique NN 34823 2464 19 of of IN 34823 2464 20 production production NN 34823 2464 21 ; ; : 34823 2464 22 accumulation accumulation NN 34823 2464 23 of of IN 34823 2464 24 capital capital NN 34823 2464 25 . . . 34823 2465 1 2 2 LS 34823 2465 2 . . . 34823 2466 1 Conditions condition NNS 34823 2466 2 affecting affect VBG 34823 2466 3 consumers consumer NNS 34823 2466 4 : : : 34823 2466 5 the the DT 34823 2466 6 extent extent NN 34823 2466 7 and and CC 34823 2466 8 variety variety NN 34823 2466 9 of of IN 34823 2466 10 human human JJ 34823 2466 11 wants want VBZ 34823 2466 12 . . . 34823 2467 1 3 3 LS 34823 2467 2 . . . 34823 2468 1 Conditions condition NNS 34823 2468 2 connecting connect VBG 34823 2468 3 consumers consumer NNS 34823 2468 4 and and CC 34823 2468 5 producers producer NNS 34823 2468 6 : : : 34823 2468 7 ( ( -LRB- 34823 2468 8 a a LS 34823 2468 9 ) ) -RRB- 34823 2468 10 Facilities facility NNS 34823 2468 11 for for IN 34823 2468 12 transportation transportation NN 34823 2468 13 . . . 34823 2469 1 ( ( -LRB- 34823 2469 2 b b LS 34823 2469 3 ) ) -RRB- 34823 2469 4 Relative relative JJ 34823 2469 5 freedom freedom NN 34823 2469 6 of of IN 34823 2469 7 trade trade NN 34823 2469 8 . . . 34823 2470 1 ( ( -LRB- 34823 2470 2 c c NN 34823 2470 3 ) ) -RRB- 34823 2470 4 _ _ NNP 34823 2470 5 Character Character NNP 34823 2470 6 _ _ NNP 34823 2470 7 of of IN 34823 2470 8 monetary monetary JJ 34823 2470 9 and and CC 34823 2470 10 banking banking NN 34823 2470 11 systems system NNS 34823 2470 12 . . . 34823 2471 1 ( ( -LRB- 34823 2471 2 Not not RB 34823 2471 3 their -PRON- PRP$ 34823 2471 4 _ _ NNP 34823 2471 5 extent extent NN 34823 2471 6 _ _ NNP 34823 2471 7 . . . 34823 2471 8 ) ) -RRB- 34823 2472 1 ( ( -LRB- 34823 2472 2 d d LS 34823 2472 3 ) ) -RRB- 34823 2472 4 Business business NN 34823 2472 5 confidence confidence NN 34823 2472 6 . . . 34823 2473 1 These these DT 34823 2473 2 two two CD 34823 2473 3 lists list NNS 34823 2473 4 are be VBP 34823 2473 5 quite quite RB 34823 2473 6 different different JJ 34823 2473 7 , , , 34823 2473 8 and and CC 34823 2473 9 indicate indicate VBP 34823 2473 10 that that IN 34823 2473 11 in in IN 34823 2473 12 Fisher Fisher NNP 34823 2473 13 's 's POS 34823 2473 14 mind mind NN 34823 2473 15 the the DT 34823 2473 16 magnitudes magnitude NNS 34823 2473 17 , , , 34823 2473 18 T T NNP 34823 2473 19 and and CC 34823 2473 20 the the DT 34823 2473 21 V V NNP 34823 2473 22 's 's POS 34823 2473 23 , , , 34823 2473 24 in in IN 34823 2473 25 general general JJ 34823 2473 26 obey obey VBP 34823 2473 27 different different JJ 34823 2473 28 laws law NNS 34823 2473 29 . . . 34823 2474 1 The the DT 34823 2474 2 only only JJ 34823 2474 3 factor factor NN 34823 2474 4 in in IN 34823 2474 5 both both DT 34823 2474 6 lists list NNS 34823 2474 7 is be VBZ 34823 2474 8 facilities facility NNS 34823 2474 9 for for IN 34823 2474 10 transportation transportation NN 34823 2474 11 ( ( -LRB- 34823 2474 12 " " `` 34823 2474 13 rapidity rapidity NN 34823 2474 14 of of IN 34823 2474 15 transportation transportation NN 34823 2474 16 , , , 34823 2474 17 " " '' 34823 2474 18 in in IN 34823 2474 19 the the DT 34823 2474 20 first first JJ 34823 2474 21 list list NN 34823 2474 22 ) ) -RRB- 34823 2474 23 . . . 34823 2475 1 Strangely strangely RB 34823 2475 2 enough enough RB 34823 2475 3 , , , 34823 2475 4 T T NNP 34823 2475 5 , , , 34823 2475 6 though though IN 34823 2475 7 later later RB 34823 2475 8 recognized recognize VBN 34823 2475 9 as as IN 34823 2475 10 having have VBG 34823 2475 11 influence influence NN 34823 2475 12 on on IN 34823 2475 13 the the DT 34823 2475 14 V's[216 v's[216 NN 34823 2475 15 ] ] -RRB- 34823 2475 16 is be VBZ 34823 2475 17 not not RB 34823 2475 18 included include VBN 34823 2475 19 in in IN 34823 2475 20 these these DT 34823 2475 21 lists list NNS 34823 2475 22 in in IN 34823 2475 23 ch ch NNP 34823 2475 24 . . . 34823 2476 1 5 5 CD 34823 2476 2 . . . 34823 2477 1 The the DT 34823 2477 2 " " `` 34823 2477 3 character character NN 34823 2477 4 of of IN 34823 2477 5 the the DT 34823 2477 6 monetary monetary JJ 34823 2477 7 and and CC 34823 2477 8 banking banking NN 34823 2477 9 systems system NNS 34823 2477 10 " " '' 34823 2477 11 in in IN 34823 2477 12 the the DT 34823 2477 13 second second JJ 34823 2477 14 list list NN 34823 2477 15 is be VBZ 34823 2477 16 evidently evidently RB 34823 2477 17 not not RB 34823 2477 18 the the DT 34823 2477 19 same same JJ 34823 2477 20 as as IN 34823 2477 21 " " `` 34823 2477 22 use use NN 34823 2477 23 of of IN 34823 2477 24 checks check NNS 34823 2477 25 " " '' 34823 2477 26 in in IN 34823 2477 27 the the DT 34823 2477 28 second second JJ 34823 2477 29 list list NN 34823 2477 30 , , , 34823 2477 31 though though IN 34823 2477 32 it -PRON- PRP 34823 2477 33 will will MD 34823 2477 34 doubtless doubtless RB 34823 2477 35 affect affect VB 34823 2477 36 that that DT 34823 2477 37 factor factor NN 34823 2477 38 , , , 34823 2477 39 as as IN 34823 2477 40 also also RB 34823 2477 41 the the DT 34823 2477 42 " " `` 34823 2477 43 habits habit NNS 34823 2477 44 as as IN 34823 2477 45 to to TO 34823 2477 46 thrift thrift NN 34823 2477 47 and and CC 34823 2477 48 hoarding hoarding NN 34823 2477 49 , , , 34823 2477 50 " " '' 34823 2477 51 in in IN 34823 2477 52 some some DT 34823 2477 53 degree degree NN 34823 2477 54 . . . 34823 2478 1 " " `` 34823 2478 2 Business business NN 34823 2478 3 confidence confidence NN 34823 2478 4 , , , 34823 2478 5 " " '' 34823 2478 6 which which WDT 34823 2478 7 is be VBZ 34823 2478 8 , , , 34823 2478 9 in in IN 34823 2478 10 the the DT 34823 2478 11 view view NN 34823 2478 12 I -PRON- PRP 34823 2478 13 am be VBP 34823 2478 14 maintaining maintain VBG 34823 2478 15 , , , 34823 2478 16 as as IN 34823 2478 17 in in IN 34823 2478 18 the the DT 34823 2478 19 view view NN 34823 2478 20 , , , 34823 2478 21 I -PRON- PRP 34823 2478 22 should should MD 34823 2478 23 take take VB 34823 2478 24 it -PRON- PRP 34823 2478 25 , , , 34823 2478 26 of of IN 34823 2478 27 Horace Horace NNP 34823 2478 28 White White NNP 34823 2478 29 , , , 34823 2478 30 the the DT 34823 2478 31 great great JJ 34823 2478 32 variable variable JJ 34823 2478 33 affecting affect VBG 34823 2478 34 both both CC 34823 2478 35 T T NNP 34823 2478 36 and and CC 34823 2478 37 the the DT 34823 2478 38 V V NNP 34823 2478 39 's 's POS 34823 2478 40 , , , 34823 2478 41 does do VBZ 34823 2478 42 not not RB 34823 2478 43 appear appear VB 34823 2478 44 in in IN 34823 2478 45 the the DT 34823 2478 46 first first JJ 34823 2478 47 list list NN 34823 2478 48 . . . 34823 2479 1 Indeed indeed RB 34823 2479 2 , , , 34823 2479 3 one one NN 34823 2479 4 wonders wonder VBZ 34823 2479 5 why why WRB 34823 2479 6 business business NN 34823 2479 7 confidence confidence NN 34823 2479 8 appears appear VBZ 34823 2479 9 in in IN 34823 2479 10 either either DT 34823 2479 11 list list NN 34823 2479 12 , , , 34823 2479 13 if if IN 34823 2479 14 only only RB 34823 2479 15 " " `` 34823 2479 16 normal normal JJ 34823 2479 17 , , , 34823 2479 18 " " '' 34823 2479 19 and and CC 34823 2479 20 not not RB 34823 2479 21 merely merely RB 34823 2479 22 " " `` 34823 2479 23 transitional transitional JJ 34823 2479 24 " " '' 34823 2479 25 causes cause NNS 34823 2479 26 are be VBP 34823 2479 27 to to TO 34823 2479 28 be be VB 34823 2479 29 considered consider VBN 34823 2479 30 , , , 34823 2479 31 but but CC 34823 2479 32 it -PRON- PRP 34823 2479 33 appears appear VBZ 34823 2479 34 from from IN 34823 2479 35 the the DT 34823 2479 36 fuller full JJR 34823 2479 37 discussion discussion NN 34823 2479 38 on on IN 34823 2479 39 p. p. NN 34823 2479 40 78 78 CD 34823 2479 41 that that IN 34823 2479 42 Fisher Fisher NNP 34823 2479 43 is be VBZ 34823 2479 44 not not RB 34823 2479 45 thinking think VBG 34823 2479 46 of of IN 34823 2479 47 business business NN 34823 2479 48 confidence confidence NN 34823 2479 49 as as IN 34823 2479 50 a a DT 34823 2479 51 _ _ NNP 34823 2479 52 variable variable NN 34823 2479 53 _ _ NNP 34823 2479 54 at at RB 34823 2479 55 all all RB 34823 2479 56 -- -- : 34823 2479 57 his -PRON- PRP$ 34823 2479 58 normal normal JJ 34823 2479 59 theory theory NN 34823 2479 60 has have VBZ 34823 2479 61 nothing nothing NN 34823 2479 62 to to TO 34823 2479 63 do do VB 34823 2479 64 with with IN 34823 2479 65 _ _ NNP 34823 2479 66 variables_--but variables_--but NNP 34823 2479 67 as as IN 34823 2479 68 a a DT 34823 2479 69 thing thing NN 34823 2479 70 which which WDT 34823 2479 71 either either CC 34823 2479 72 is be VBZ 34823 2479 73 or or CC 34823 2479 74 is be VBZ 34823 2479 75 not not RB 34823 2479 76 present present JJ 34823 2479 77 , , , 34823 2479 78 a a DT 34823 2479 79 sort sort NN 34823 2479 80 of of IN 34823 2479 81 Mendelian mendelian JJ 34823 2479 82 unit unit NN 34823 2479 83 , , , 34823 2479 84 not not RB 34823 2479 85 a a DT 34823 2479 86 thing thing NN 34823 2479 87 of of IN 34823 2479 88 degrees degree NNS 34823 2479 89 . . . 34823 2480 1 [ [ -LRB- 34823 2480 2 217 217 CD 34823 2480 3 ] ] -RRB- 34823 2480 4 It -PRON- PRP 34823 2480 5 will will MD 34823 2480 6 be be VB 34823 2480 7 noted note VBN 34823 2480 8 , , , 34823 2480 9 further far RBR 34823 2480 10 , , , 34823 2480 11 that that IN 34823 2480 12 most most JJS 34823 2480 13 of of IN 34823 2480 14 the the DT 34823 2480 15 causes cause NNS 34823 2480 16 which which WDT 34823 2480 17 Fisher Fisher NNP 34823 2480 18 lists list VBZ 34823 2480 19 as as IN 34823 2480 20 affecting affect VBG 34823 2480 21 T T NNP 34823 2480 22 are be VBP 34823 2480 23 really really RB 34823 2480 24 causes cause NNS 34823 2480 25 affecting affect VBG 34823 2480 26 _ _ NNP 34823 2480 27 production_--they production_--they NN 34823 2480 28 would would MD 34823 2480 29 be be VB 34823 2480 30 just just RB 34823 2480 31 as as RB 34823 2480 32 important important JJ 34823 2480 33 under under IN 34823 2480 34 a a DT 34823 2480 35 socialistic socialistic JJ 34823 2480 36 as as IN 34823 2480 37 under under IN 34823 2480 38 an an DT 34823 2480 39 exchange exchange NN 34823 2480 40 economy economy NN 34823 2480 41 . . . 34823 2481 1 Now now RB 34823 2481 2 I -PRON- PRP 34823 2481 3 propose propose VBP 34823 2481 4 to to TO 34823 2481 5 show show VB 34823 2481 6 , , , 34823 2481 7 on on IN 34823 2481 8 the the DT 34823 2481 9 basis basis NN 34823 2481 10 of of IN 34823 2481 11 Fisher Fisher NNP 34823 2481 12 's 's POS 34823 2481 13 own own JJ 34823 2481 14 list list NN 34823 2481 15 of of IN 34823 2481 16 causes cause NNS 34823 2481 17 , , , 34823 2481 18 that that WDT 34823 2481 19 most most RBS 34823 2481 20 , , , 34823 2481 21 if if IN 34823 2481 22 not not RB 34823 2481 23 all all DT 34823 2481 24 , , , 34823 2481 25 of of IN 34823 2481 26 the the DT 34823 2481 27 factors factor NNS 34823 2481 28 affecting affect VBG 34823 2481 29 the the DT 34823 2481 30 V V NNP 34823 2481 31 's 's POS 34823 2481 32 , , , 34823 2481 33 will will MD 34823 2481 34 also also RB 34823 2481 35 affect affect VB 34823 2481 36 T T NNP 34823 2481 37 , , , 34823 2481 38 _ _ NNP 34823 2481 39 and and CC 34823 2481 40 in in IN 34823 2481 41 the the DT 34823 2481 42 same same JJ 34823 2481 43 direction direction NN 34823 2481 44 _ _ NNP 34823 2481 45 . . . 34823 2482 1 He -PRON- PRP 34823 2482 2 admits admit VBZ 34823 2482 3 this this DT 34823 2482 4 as as IN 34823 2482 5 to to IN 34823 2482 6 transportation transportation NN 34823 2482 7 facilities facility NNS 34823 2482 8 . . . 34823 2483 1 It -PRON- PRP 34823 2483 2 is be VBZ 34823 2483 3 surely surely RB 34823 2483 4 true true JJ 34823 2483 5 of of IN 34823 2483 6 thrift thrift NN 34823 2483 7 and and CC 34823 2483 8 hoarding hoarding NN 34823 2483 9 . . . 34823 2484 1 The the DT 34823 2484 2 miser miser NN 34823 2484 3 neither neither CC 34823 2484 4 circulates circulate VBZ 34823 2484 5 money money NN 34823 2484 6 nor nor CC 34823 2484 7 buys buy VBZ 34823 2484 8 goods good NNS 34823 2484 9 . . . 34823 2485 1 It -PRON- PRP 34823 2485 2 is be VBZ 34823 2485 3 emphatically emphatically RB 34823 2485 4 true true JJ 34823 2485 5 -- -- : 34823 2485 6 though though IN 34823 2485 7 Fisher Fisher NNP 34823 2485 8 's 's POS 34823 2485 9 theory theory NN 34823 2485 10 , , , 34823 2485 11 as as IN 34823 2485 12 will will MD 34823 2485 13 later later RB 34823 2485 14 appear appear VB 34823 2485 15 , , , 34823 2485 16 is be VBZ 34823 2485 17 obliged oblige VBN 34823 2485 18 to to TO 34823 2485 19 deny deny VB 34823 2485 20 it,--of it,--of NNP 34823 2485 21 both both DT 34823 2485 22 book book NN 34823 2485 23 credit credit NN 34823 2485 24 and and CC 34823 2485 25 banking banking NN 34823 2485 26 facilities facility NNS 34823 2485 27 . . . 34823 2486 1 Without without IN 34823 2486 2 the the DT 34823 2486 3 use use NN 34823 2486 4 of of IN 34823 2486 5 credit credit NN 34823 2486 6 , , , 34823 2486 7 much much JJ 34823 2486 8 of of IN 34823 2486 9 the the DT 34823 2486 10 business business NN 34823 2486 11 now now RB 34823 2486 12 done do VBN 34823 2486 13 simply simply RB 34823 2486 14 would would MD 34823 2486 15 not not RB 34823 2486 16 be be VB 34823 2486 17 done do VBN 34823 2486 18 at at RB 34823 2486 19 all all RB 34823 2486 20 . . . 34823 2487 1 For for IN 34823 2487 2 Fisher Fisher NNP 34823 2487 3 , , , 34823 2487 4 and and CC 34823 2487 5 the the DT 34823 2487 6 quantity quantity NN 34823 2487 7 theory theory NN 34823 2487 8 in in IN 34823 2487 9 general general JJ 34823 2487 10 , , , 34823 2487 11 the the DT 34823 2487 12 contention contention NN 34823 2487 13 would would MD 34823 2487 14 be be VB 34823 2487 15 simply simply RB 34823 2487 16 that that IN 34823 2487 17 the the DT 34823 2487 18 same same JJ 34823 2487 19 business business NN 34823 2487 20 would would MD 34823 2487 21 be be VB 34823 2487 22 done do VBN 34823 2487 23 _ _ NNP 34823 2487 24 on on IN 34823 2487 25 a a DT 34823 2487 26 lower low JJR 34823 2487 27 price price NN 34823 2487 28 - - HYPH 34823 2487 29 level level NN 34823 2487 30 _ _ NN 34823 2487 31 . . . 34823 2488 1 I -PRON- PRP 34823 2488 2 reserve reserve VBP 34823 2488 3 a a DT 34823 2488 4 full full JJ 34823 2488 5 discussion discussion NN 34823 2488 6 of of IN 34823 2488 7 this this DT 34823 2488 8 fundamental fundamental JJ 34823 2488 9 point point NN 34823 2488 10 till till IN 34823 2488 11 later later RB 34823 2488 12 , , , 34823 2488 13 noting note VBG 34823 2488 14 here here RB 34823 2488 15 , , , 34823 2488 16 in in IN 34823 2488 17 passing pass VBG 34823 2488 18 , , , 34823 2488 19 that that IN 34823 2488 20 the the DT 34823 2488 21 function function NN 34823 2488 22 of of IN 34823 2488 23 banks bank NNS 34823 2488 24 is be VBZ 34823 2488 25 to to TO 34823 2488 26 assist assist VB 34823 2488 27 in in IN 34823 2488 28 effecting effect VBG 34823 2488 29 transfers transfer NNS 34823 2488 30 , , , 34823 2488 31 that that IN 34823 2488 32 that that DT 34823 2488 33 is be VBZ 34823 2488 34 why why WRB 34823 2488 35 , , , 34823 2488 36 from from IN 34823 2488 37 the the DT 34823 2488 38 social social JJ 34823 2488 39 standpoint standpoint NN 34823 2488 40 , , , 34823 2488 41 banks bank NNS 34823 2488 42 are be VBP 34823 2488 43 encouraged encourage VBN 34823 2488 44 , , , 34823 2488 45 and and CC 34823 2488 46 that that IN 34823 2488 47 the the DT 34823 2488 48 extension extension NN 34823 2488 49 of of IN 34823 2488 50 banking banking NN 34823 2488 51 would would MD 34823 2488 52 be be VB 34823 2488 53 folly folly JJ 34823 2488 54 if if IN 34823 2488 55 they -PRON- PRP 34823 2488 56 did do VBD 34823 2488 57 not not RB 34823 2488 58 , , , 34823 2488 59 in in IN 34823 2488 60 fact fact NN 34823 2488 61 , , , 34823 2488 62 do do VB 34823 2488 63 this this DT 34823 2488 64 . . . 34823 2489 1 As as IN 34823 2489 2 to to IN 34823 2489 3 book book NN 34823 2489 4 credit credit NN 34823 2489 5 , , , 34823 2489 6 let let VB 34823 2489 7 us -PRON- PRP 34823 2489 8 suppose suppose VB 34823 2489 9 that that IN 34823 2489 10 , , , 34823 2489 11 for for IN 34823 2489 12 example example NN 34823 2489 13 , , , 34823 2489 14 in in IN 34823 2489 15 the the DT 34823 2489 16 great great JJ 34823 2489 17 cotton cotton NN 34823 2489 18 section section NN 34823 2489 19 of of IN 34823 2489 20 the the DT 34823 2489 21 South South NNP 34823 2489 22 the the DT 34823 2489 23 stores store NNS 34823 2489 24 should should MD 34823 2489 25 cease cease VB 34823 2489 26 to to TO 34823 2489 27 give give VB 34823 2489 28 advances advance NNS 34823 2489 29 of of IN 34823 2489 30 supplies supply NNS 34823 2489 31 on on IN 34823 2489 32 credit credit NN 34823 2489 33 to to IN 34823 2489 34 negroes negro NNS 34823 2489 35 and and CC 34823 2489 36 small small JJ 34823 2489 37 white white JJ 34823 2489 38 farmers farmer NNS 34823 2489 39 , , , 34823 2489 40 pending pende VBG 34823 2489 41 the the DT 34823 2489 42 " " `` 34823 2489 43 making making NN 34823 2489 44 " " '' 34823 2489 45 of of IN 34823 2489 46 the the DT 34823 2489 47 crop crop NN 34823 2489 48 . . . 34823 2490 1 The the DT 34823 2490 2 outcome outcome NN 34823 2490 3 would would MD 34823 2490 4 be be VB 34823 2490 5 starvation starvation NN 34823 2490 6 for for IN 34823 2490 7 many many JJ 34823 2490 8 of of IN 34823 2490 9 them -PRON- PRP 34823 2490 10 , , , 34823 2490 11 and and CC 34823 2490 12 no no DT 34823 2490 13 cotton cotton NN 34823 2490 14 crop crop NN 34823 2490 15 at at RB 34823 2490 16 all all RB 34823 2490 17 . . . 34823 2491 1 Under under IN 34823 2491 2 a a DT 34823 2491 3 system system NN 34823 2491 4 of of IN 34823 2491 5 private private JJ 34823 2491 6 enterprise enterprise NN 34823 2491 7 , , , 34823 2491 8 the the DT 34823 2491 9 very very JJ 34823 2491 10 division division NN 34823 2491 11 of of IN 34823 2491 12 labor labor NN 34823 2491 13 itself -PRON- PRP 34823 2491 14 , , , 34823 2491 15 including include VBG 34823 2491 16 the the DT 34823 2491 17 specialization specialization NN 34823 2491 18 of of IN 34823 2491 19 the the DT 34823 2491 20 capitalist capitalist NN 34823 2491 21 , , , 34823 2491 22 involves involve VBZ 34823 2491 23 credit credit NN 34823 2491 24 , , , 34823 2491 25 and and CC 34823 2491 26 it -PRON- PRP 34823 2491 27 is be VBZ 34823 2491 28 difficult difficult JJ 34823 2491 29 to to TO 34823 2491 30 conceive conceive VB 34823 2491 31 a a DT 34823 2491 32 form form NN 34823 2491 33 of of IN 34823 2491 34 credit credit NN 34823 2491 35 which which WDT 34823 2491 36 does do VBZ 34823 2491 37 not not RB 34823 2491 38 either either CC 34823 2491 39 dispense dispense VB 34823 2491 40 with with IN 34823 2491 41 the the DT 34823 2491 42 use use NN 34823 2491 43 of of IN 34823 2491 44 money money NN 34823 2491 45 , , , 34823 2491 46 or or CC 34823 2491 47 increase increase VB 34823 2491 48 its -PRON- PRP$ 34823 2491 49 " " `` 34823 2491 50 velocity velocity NN 34823 2491 51 . . . 34823 2491 52 " " '' 34823 2492 1 Admittedly admittedly RB 34823 2492 2 , , , 34823 2492 3 the the DT 34823 2492 4 division division NN 34823 2492 5 of of IN 34823 2492 6 labor labor NN 34823 2492 7 increases increase NNS 34823 2492 8 trade trade NN 34823 2492 9 . . . 34823 2493 1 The the DT 34823 2493 2 three three CD 34823 2493 3 factors factor NNS 34823 2493 4 listed list VBN 34823 2493 5 under under IN 34823 2493 6 " " `` 34823 2493 7 Systems system NNS 34823 2493 8 of of IN 34823 2493 9 payment payment NN 34823 2493 10 in in IN 34823 2493 11 the the DT 34823 2493 12 community community NN 34823 2493 13 " " `` 34823 2493 14 also also RB 34823 2493 15 affect affect VBP 34823 2493 16 trade trade NN 34823 2493 17 . . . 34823 2494 1 To to IN 34823 2494 2 the the DT 34823 2494 3 extent extent NN 34823 2494 4 that that IN 34823 2494 5 receipts receipt NNS 34823 2494 6 are be VBP 34823 2494 7 frequent frequent JJ 34823 2494 8 , , , 34823 2494 9 regular regular JJ 34823 2494 10 , , , 34823 2494 11 and and CC 34823 2494 12 synchronous synchronous JJ 34823 2494 13 with with IN 34823 2494 14 outgo outgo PRP 34823 2494 15 , , , 34823 2494 16 we -PRON- PRP 34823 2494 17 have have VBP 34823 2494 18 a a DT 34823 2494 19 smoothly smoothly RB 34823 2494 20 working work VBG 34823 2494 21 economic economic JJ 34823 2494 22 system system NN 34823 2494 23 , , , 34823 2494 24 which which WDT 34823 2494 25 facilitates facilitate VBZ 34823 2494 26 commerce commerce NN 34823 2494 27 . . . 34823 2495 1 Finally finally RB 34823 2495 2 , , , 34823 2495 3 density density NN 34823 2495 4 of of IN 34823 2495 5 population population NN 34823 2495 6 enormously enormously RB 34823 2495 7 increases increase VBZ 34823 2495 8 trade trade NN 34823 2495 9 . . . 34823 2496 1 The the DT 34823 2496 2 concentration concentration NN 34823 2496 3 of of IN 34823 2496 4 men man NNS 34823 2496 5 in in IN 34823 2496 6 cities city NNS 34823 2496 7 is be VBZ 34823 2496 8 essential essential JJ 34823 2496 9 for for IN 34823 2496 10 modern modern JJ 34823 2496 11 factory factory NN 34823 2496 12 production production NN 34823 2496 13 , , , 34823 2496 14 and and CC 34823 2496 15 the the DT 34823 2496 16 great great JJ 34823 2496 17 cities city NNS 34823 2496 18 have have VBP 34823 2496 19 necessarily necessarily RB 34823 2496 20 grown grow VBN 34823 2496 21 up up RP 34823 2496 22 about about IN 34823 2496 23 good good JJ 34823 2496 24 harbors harbor NNS 34823 2496 25 , , , 34823 2496 26 or or CC 34823 2496 27 at at IN 34823 2496 28 strategic strategic JJ 34823 2496 29 points point NNS 34823 2496 30 for for IN 34823 2496 31 connecting connect VBG 34823 2496 32 lines line NNS 34823 2496 33 of of IN 34823 2496 34 railroads railroad NNS 34823 2496 35 . . . 34823 2497 1 It -PRON- PRP 34823 2497 2 seems seem VBZ 34823 2497 3 almost almost RB 34823 2497 4 trivial trivial JJ 34823 2497 5 to to TO 34823 2497 6 insist insist VB 34823 2497 7 on on IN 34823 2497 8 so so RB 34823 2497 9 obvious obvious JJ 34823 2497 10 a a DT 34823 2497 11 point point NN 34823 2497 12 , , , 34823 2497 13 but but CC 34823 2497 14 Fisher Fisher NNP 34823 2497 15 seems seem VBZ 34823 2497 16 totally totally RB 34823 2497 17 to to TO 34823 2497 18 ignore ignore VB 34823 2497 19 it -PRON- PRP 34823 2497 20 , , , 34823 2497 21 for for IN 34823 2497 22 he -PRON- PRP 34823 2497 23 says say VBZ 34823 2497 24 : : : 34823 2497 25 " " `` 34823 2497 26 We -PRON- PRP 34823 2497 27 conclude conclude VBP 34823 2497 28 , , , 34823 2497 29 then then RB 34823 2497 30 , , , 34823 2497 31 that that DT 34823 2497 32 density density NN 34823 2497 33 of of IN 34823 2497 34 population population NN 34823 2497 35 and and CC 34823 2497 36 rapidity rapidity NN 34823 2497 37 of of IN 34823 2497 38 transportation transportation NN 34823 2497 39 have have VBP 34823 2497 40 tended tend VBN 34823 2497 41 to to TO 34823 2497 42 increase increase VB 34823 2497 43 prices price NNS 34823 2497 44 by by IN 34823 2497 45 raising raise VBG 34823 2497 46 velocities velocity NNS 34823 2497 47 . . . 34823 2498 1 _ _ NNP 34823 2498 2 Historically historically RB 34823 2498 3 this this DT 34823 2498 4 concentration concentration NN 34823 2498 5 of of IN 34823 2498 6 population population NN 34823 2498 7 in in IN 34823 2498 8 cities city NNS 34823 2498 9 has have VBZ 34823 2498 10 been be VBN 34823 2498 11 an an DT 34823 2498 12 important important JJ 34823 2498 13 factor factor NN 34823 2498 14 in in IN 34823 2498 15 raising raise VBG 34823 2498 16 prices price NNS 34823 2498 17 in in IN 34823 2498 18 the the DT 34823 2498 19 United United NNP 34823 2498 20 States._"[218 States._"[218 NNP 34823 2498 21 ] ] -RRB- 34823 2498 22 ( ( -LRB- 34823 2498 23 P. P. NNP 34823 2498 24 88 88 CD 34823 2498 25 . . . 34823 2499 1 Italics italic NNS 34823 2499 2 mine mine NN 34823 2499 3 . . . 34823 2499 4 ) ) -RRB- 34823 2500 1 This this DT 34823 2500 2 is be VBZ 34823 2500 3 an an DT 34823 2500 4 astounding astounding JJ 34823 2500 5 proposition proposition NN 34823 2500 6 . . . 34823 2501 1 It -PRON- PRP 34823 2501 2 is be VBZ 34823 2501 3 not not RB 34823 2501 4 merely merely RB 34823 2501 5 that that IN 34823 2501 6 the the DT 34823 2501 7 concentration concentration NN 34823 2501 8 of of IN 34823 2501 9 population population NN 34823 2501 10 in in IN 34823 2501 11 cities city NNS 34823 2501 12 has have VBZ 34823 2501 13 _ _ NNP 34823 2501 14 tended tend VBD 34823 2501 15 _ _ NNP 34823 2501 16 to to TO 34823 2501 17 raise raise VB 34823 2501 18 prices price NNS 34823 2501 19 through through IN 34823 2501 20 raising raise VBG 34823 2501 21 velocities velocity NNS 34823 2501 22 . . . 34823 2502 1 It -PRON- PRP 34823 2502 2 is be VBZ 34823 2502 3 a a DT 34823 2502 4 statement statement NN 34823 2502 5 that that IN 34823 2502 6 this this DT 34823 2502 7 has have VBZ 34823 2502 8 been be VBN 34823 2502 9 an an DT 34823 2502 10 important important JJ 34823 2502 11 historical historical JJ 34823 2502 12 cause cause NN 34823 2502 13 of of IN 34823 2502 14 the the DT 34823 2502 15 actual actual JJ 34823 2502 16 increase increase NN 34823 2502 17 in in IN 34823 2502 18 prices price NNS 34823 2502 19 . . . 34823 2503 1 For for IN 34823 2503 2 Fisher Fisher NNP 34823 2503 3 's 's POS 34823 2503 4 own own JJ 34823 2503 5 theory theory NN 34823 2503 6 , , , 34823 2503 7 if if IN 34823 2503 8 the the DT 34823 2503 9 same same JJ 34823 2503 10 cause cause NN 34823 2503 11 had have VBD 34823 2503 12 tended tend VBN 34823 2503 13 to to TO 34823 2503 14 increase increase VB 34823 2503 15 T,[219 T,[219 NNS 34823 2503 16 ] ] -RRB- 34823 2503 17 that that WDT 34823 2503 18 would would MD 34823 2503 19 have have VB 34823 2503 20 offset offset VBN 34823 2503 21 the the DT 34823 2503 22 rising rise VBG 34823 2503 23 V V NNP 34823 2503 24 's 's POS 34823 2503 25 on on IN 34823 2503 26 the the DT 34823 2503 27 other other JJ 34823 2503 28 side side NN 34823 2503 29 of of IN 34823 2503 30 the the DT 34823 2503 31 equation equation NN 34823 2503 32 , , , 34823 2503 33 and and CC 34823 2503 34 left leave VBD 34823 2503 35 prices price NNS 34823 2503 36 little little RB 34823 2503 37 affected affected JJ 34823 2503 38 . . . 34823 2504 1 But but CC 34823 2504 2 he -PRON- PRP 34823 2504 3 sees see VBZ 34823 2504 4 in in IN 34823 2504 5 the the DT 34823 2504 6 V v NN 34823 2504 7 's 's POS 34823 2504 8 an an DT 34823 2504 9 independent independent JJ 34823 2504 10 cause cause NN 34823 2504 11 here here RB 34823 2504 12 , , , 34823 2504 13 divorces divorce VBZ 34823 2504 14 them -PRON- PRP 34823 2504 15 from from IN 34823 2504 16 their -PRON- PRP$ 34823 2504 17 connection connection NN 34823 2504 18 with with IN 34823 2504 19 T t NN 34823 2504 20 , , , 34823 2504 21 and and CC 34823 2504 22 follows follow VBZ 34823 2504 23 his -PRON- PRP$ 34823 2504 24 logic logic NN 34823 2504 25 fearlessly fearlessly RB 34823 2504 26 where where WRB 34823 2504 27 it -PRON- PRP 34823 2504 28 leads lead VBZ 34823 2504 29 . . . 34823 2505 1 I -PRON- PRP 34823 2505 2 do do VBP 34823 2505 3 not not RB 34823 2505 4 see see VB 34823 2505 5 how how WRB 34823 2505 6 one one PRP 34823 2505 7 could could MD 34823 2505 8 more more RBR 34823 2505 9 strikingly strikingly RB 34823 2505 10 illustrate illustrate VB 34823 2505 11 the the DT 34823 2505 12 essential essential JJ 34823 2505 13 vice vice NN 34823 2505 14 of of IN 34823 2505 15 erecting erect VBG 34823 2505 16 the the DT 34823 2505 17 V v NN 34823 2505 18 's 's POS 34823 2505 19 into into IN 34823 2505 20 causal causal JJ 34823 2505 21 entities entity NNS 34823 2505 22 . . . 34823 2506 1 In in IN 34823 2506 2 concluding conclude VBG 34823 2506 3 the the DT 34823 2506 4 discussion discussion NN 34823 2506 5 of of IN 34823 2506 6 the the DT 34823 2506 7 rôle rôle NN 34823 2506 8 of of IN 34823 2506 9 velocity velocity NN 34823 2506 10 of of IN 34823 2506 11 circulation circulation NN 34823 2506 12 , , , 34823 2506 13 I -PRON- PRP 34823 2506 14 think think VBP 34823 2506 15 it -PRON- PRP 34823 2506 16 worth worth JJ 34823 2506 17 while while IN 34823 2506 18 to to TO 34823 2506 19 mention mention VB 34823 2506 20 Fisher Fisher NNP 34823 2506 21 's 's POS 34823 2506 22 own own JJ 34823 2506 23 efforts effort NNS 34823 2506 24 to to TO 34823 2506 25 measure measure VB 34823 2506 26 them -PRON- PRP 34823 2506 27 . . . 34823 2507 1 I -PRON- PRP 34823 2507 2 examine examine VBP 34823 2507 3 his -PRON- PRP$ 34823 2507 4 statistics statistic NNS 34823 2507 5 in in IN 34823 2507 6 a a DT 34823 2507 7 later later JJ 34823 2507 8 chapter chapter NN 34823 2507 9 . . . 34823 2508 1 I -PRON- PRP 34823 2508 2 do do VBP 34823 2508 3 not not RB 34823 2508 4 regard regard VB 34823 2508 5 the the DT 34823 2508 6 points point NNS 34823 2508 7 at at IN 34823 2508 8 issue issue NN 34823 2508 9 as as IN 34823 2508 10 points point NNS 34823 2508 11 which which WDT 34823 2508 12 can can MD 34823 2508 13 properly properly RB 34823 2508 14 be be VB 34823 2508 15 handled handle VBN 34823 2508 16 by by IN 34823 2508 17 inductive inductive JJ 34823 2508 18 methods method NNS 34823 2508 19 , , , 34823 2508 20 primarily primarily RB 34823 2508 21 . . . 34823 2509 1 I -PRON- PRP 34823 2509 2 do do VBP 34823 2509 3 not not RB 34823 2509 4 accept accept VB 34823 2509 5 his -PRON- PRP$ 34823 2509 6 conclusions conclusion NNS 34823 2509 7 with with IN 34823 2509 8 reference reference NN 34823 2509 9 to to IN 34823 2509 10 the the DT 34823 2509 11 magnitudes magnitude NNS 34823 2509 12 of of IN 34823 2509 13 V V NNP 34823 2509 14 , , , 34823 2509 15 the the DT 34823 2509 16 velocity velocity NN 34823 2509 17 of of IN 34823 2509 18 money money NN 34823 2509 19 , , , 34823 2509 20 partly partly RB 34823 2509 21 because because IN 34823 2509 22 I -PRON- PRP 34823 2509 23 do do VBP 34823 2509 24 not not RB 34823 2509 25 accept accept VB 34823 2509 26 his -PRON- PRP$ 34823 2509 27 doctrine doctrine NN 34823 2509 28 that that IN 34823 2509 29 " " `` 34823 2509 30 banks bank NNS 34823 2509 31 are be VBP 34823 2509 32 the the DT 34823 2509 33 home home NN 34823 2509 34 of of IN 34823 2509 35 money money NN 34823 2509 36 " " '' 34823 2509 37 ( ( -LRB- 34823 2509 38 p. p. NN 34823 2510 1 287 287 CD 34823 2510 2 ) ) -RRB- 34823 2510 3 . . . 34823 2511 1 [ [ -LRB- 34823 2511 2 220 220 CD 34823 2511 3 ] ] -RRB- 34823 2511 4 He -PRON- PRP 34823 2511 5 finds find VBZ 34823 2511 6 for for IN 34823 2511 7 V v NN 34823 2511 8 a a DT 34823 2511 9 fairly fairly RB 34823 2511 10 constant constant JJ 34823 2511 11 magnitude magnitude NN 34823 2511 12 during during IN 34823 2511 13 the the DT 34823 2511 14 thirteen thirteen CD 34823 2511 15 years year NNS 34823 2511 16 from from IN 34823 2511 17 1896 1896 CD 34823 2511 18 to to IN 34823 2511 19 1909 1909 CD 34823 2511 20 , , , 34823 2511 21 the the DT 34823 2511 22 range range NN 34823 2511 23 being be VBG 34823 2511 24 from from IN 34823 2511 25 19 19 CD 34823 2511 26 to to TO 34823 2511 27 22 22 CD 34823 2511 28 , , , 34823 2511 29 the the DT 34823 2511 30 figures figure NNS 34823 2511 31 for for IN 34823 2511 32 all all PDT 34823 2511 33 the the DT 34823 2511 34 years year NNS 34823 2511 35 except except IN 34823 2511 36 1896 1896 CD 34823 2511 37 and and CC 34823 2511 38 1909 1909 CD 34823 2511 39 being be VBG 34823 2511 40 interpolations interpolation NNS 34823 2511 41 . . . 34823 2512 1 [ [ -LRB- 34823 2512 2 221 221 CD 34823 2512 3 ] ] -RRB- 34823 2512 4 For for IN 34823 2512 5 V v NN 34823 2512 6 , , , 34823 2512 7 however however RB 34823 2512 8 , , , 34823 2512 9 which which WDT 34823 2512 10 is be VBZ 34823 2512 11 much much RB 34823 2512 12 the the DT 34823 2512 13 more more RBR 34823 2512 14 important important JJ 34823 2512 15 magnitude magnitude NN 34823 2512 16 , , , 34823 2512 17 from from IN 34823 2512 18 the the DT 34823 2512 19 standpoint standpoint NN 34823 2512 20 of of IN 34823 2512 21 his -PRON- PRP$ 34823 2512 22 equation equation NN 34823 2512 23 of of IN 34823 2512 24 exchange exchange NN 34823 2512 25 for for IN 34823 2512 26 the the DT 34823 2512 27 United United NNP 34823 2512 28 States States NNP 34823 2512 29 , , , 34823 2512 30 since since IN 34823 2512 31 deposits deposit NNS 34823 2512 32 do do VBP 34823 2512 33 so so RB 34823 2512 34 much much RB 34823 2512 35 more more RBR 34823 2512 36 exchanging exchange VBG 34823 2512 37 than than IN 34823 2512 38 does do VBZ 34823 2512 39 money money NN 34823 2512 40 , , , 34823 2512 41 he -PRON- PRP 34823 2512 42 finds find VBZ 34823 2512 43 a a DT 34823 2512 44 wide wide JJ 34823 2512 45 range range NN 34823 2512 46 of of IN 34823 2512 47 variation variation NN 34823 2512 48 , , , 34823 2512 49 from from IN 34823 2512 50 36 36 CD 34823 2512 51 to to IN 34823 2512 52 54 54 CD 34823 2512 53 , , , 34823 2512 54 and and CC 34823 2512 55 he -PRON- PRP 34823 2512 56 states state VBZ 34823 2512 57 : : : 34823 2512 58 " " `` 34823 2512 59 We -PRON- PRP 34823 2512 60 note note VBP 34823 2512 61 that that IN 34823 2512 62 the the DT 34823 2512 63 velocity velocity NN 34823 2512 64 of of IN 34823 2512 65 circulation circulation NN 34823 2512 66 has have VBZ 34823 2512 67 increased increase VBN 34823 2512 68 50 50 CD 34823 2512 69 % % NN 34823 2512 70 in in IN 34823 2512 71 thirteen thirteen CD 34823 2512 72 years year NNS 34823 2512 73 and and CC 34823 2512 74 that that IN 34823 2512 75 it -PRON- PRP 34823 2512 76 has have VBZ 34823 2512 77 been be VBN 34823 2512 78 subject subject JJ 34823 2512 79 to to IN 34823 2512 80 great great JJ 34823 2512 81 variation variation NN 34823 2512 82 from from IN 34823 2512 83 year year NN 34823 2512 84 to to IN 34823 2512 85 year year NN 34823 2512 86 . . . 34823 2513 1 In in IN 34823 2513 2 1899 1899 CD 34823 2513 3 and and CC 34823 2513 4 1906 1906 CD 34823 2513 5 it -PRON- PRP 34823 2513 6 reached reach VBD 34823 2513 7 maxima maxima NNP 34823 2513 8 , , , 34823 2513 9 immediately immediately RB 34823 2513 10 preceding precede VBG 34823 2513 11 crises crisis NNS 34823 2513 12 " " '' 34823 2513 13 ( ( -LRB- 34823 2513 14 285 285 CD 34823 2513 15 ) ) -RRB- 34823 2513 16 . . . 34823 2514 1 I -PRON- PRP 34823 2514 2 think think VBP 34823 2514 3 Fisher Fisher NNP 34823 2514 4 's 's POS 34823 2514 5 own own JJ 34823 2514 6 statistical statistical JJ 34823 2514 7 results result NNS 34823 2514 8 show show VBP 34823 2514 9 that that IN 34823 2514 10 V V NNP 34823 2514 11 ´ ´ CD 34823 2514 12 , , , 34823 2514 13 at at IN 34823 2514 14 least least JJS 34823 2514 15 , , , 34823 2514 16 is be VBZ 34823 2514 17 a a DT 34823 2514 18 child child NN 34823 2514 19 of of IN 34823 2514 20 the the DT 34823 2514 21 " " `` 34823 2514 22 state state NN 34823 2514 23 of of IN 34823 2514 24 trade trade NN 34823 2514 25 . . . 34823 2515 1 " " `` 34823 2515 2 [ [ -LRB- 34823 2515 3 222 222 CD 34823 2515 4 ] ] -RRB- 34823 2515 5 Critical critical JJ 34823 2515 6 analysis analysis NN 34823 2515 7 of of IN 34823 2515 8 these these DT 34823 2515 9 statistics statistic NNS 34823 2515 10 show show VBP 34823 2515 11 that that IN 34823 2515 12 they -PRON- PRP 34823 2515 13 greatly greatly RB 34823 2515 14 underestimate underestimate VBP 34823 2515 15 the the DT 34823 2515 16 variability variability NN 34823 2515 17 of of IN 34823 2515 18 the the DT 34823 2515 19 V V NNP 34823 2515 20 's 's POS 34823 2515 21 . . . 34823 2516 1 [ [ -LRB- 34823 2516 2 223 223 CD 34823 2516 3 ] ] -RRB- 34823 2516 4 In in IN 34823 2516 5 summary summary NN 34823 2516 6 : : : 34823 2516 7 V v NN 34823 2516 8 and and CC 34823 2516 9 V V NNP 34823 2516 10 ´ ´ CD 34823 2516 11 are be VBP 34823 2516 12 not not RB 34823 2516 13 , , , 34823 2516 14 as as IN 34823 2516 15 Fisher Fisher NNP 34823 2516 16 contends contend VBZ 34823 2516 17 , , , 34823 2516 18 independent independent JJ 34823 2516 19 of of IN 34823 2516 20 the the DT 34823 2516 21 quantity quantity NN 34823 2516 22 of of IN 34823 2516 23 money money NN 34823 2516 24 . . . 34823 2517 1 Instead instead RB 34823 2517 2 of of IN 34823 2517 3 resting rest VBG 34823 2517 4 on on IN 34823 2517 5 " " `` 34823 2517 6 technical technical JJ 34823 2517 7 conditions condition NNS 34823 2517 8 , , , 34823 2517 9 " " '' 34823 2517 10 and and CC 34823 2517 11 having have VBG 34823 2517 12 large large JJ 34823 2517 13 elements element NNS 34823 2517 14 of of IN 34823 2517 15 constancy constancy NN 34823 2517 16 and and CC 34823 2517 17 rigidity rigidity NN 34823 2517 18 , , , 34823 2517 19 they -PRON- PRP 34823 2517 20 are be VBP 34823 2517 21 highly highly RB 34823 2517 22 flexible flexible JJ 34823 2517 23 , , , 34823 2517 24 and and CC 34823 2517 25 vary vary VBP 34823 2517 26 , , , 34823 2517 27 on on IN 34823 2517 28 the the DT 34823 2517 29 whole whole NN 34823 2517 30 , , , 34823 2517 31 with with IN 34823 2517 32 the the DT 34823 2517 33 same same JJ 34823 2517 34 highly highly RB 34823 2517 35 complex complex JJ 34823 2517 36 and and CC 34823 2517 37 divergent divergent JJ 34823 2517 38 sets set NNS 34823 2517 39 of of IN 34823 2517 40 causes cause NNS 34823 2517 41 which which WDT 34823 2517 42 govern govern VBP 34823 2517 43 the the DT 34823 2517 44 volume volume NN 34823 2517 45 of of IN 34823 2517 46 trade trade NN 34823 2517 47 . . . 34823 2518 1 The the DT 34823 2518 2 biggest big JJS 34823 2518 3 factor factor NN 34823 2518 4 affecting affect VBG 34823 2518 5 the the DT 34823 2518 6 variations variation NNS 34823 2518 7 of of IN 34823 2518 8 the the DT 34823 2518 9 V V NNP 34823 2518 10 's 's POS 34823 2518 11 on on IN 34823 2518 12 the the DT 34823 2518 13 one one CD 34823 2518 14 hand hand NN 34823 2518 15 , , , 34823 2518 16 and and CC 34823 2518 17 volume volume NN 34823 2518 18 of of IN 34823 2518 19 trade trade NN 34823 2518 20 on on IN 34823 2518 21 the the DT 34823 2518 22 other other JJ 34823 2518 23 is be VBZ 34823 2518 24 business business NN 34823 2518 25 confidence confidence NN 34823 2518 26 -- -- : 34823 2518 27 a a DT 34823 2518 28 factor factor NN 34823 2518 29 which which WDT 34823 2518 30 Fisher Fisher NNP 34823 2518 31 's 's POS 34823 2518 32 normal normal JJ 34823 2518 33 theory theory NN 34823 2518 34 is be VBZ 34823 2518 35 not not RB 34823 2518 36 concerned concern VBN 34823 2518 37 with with IN 34823 2518 38 , , , 34823 2518 39 so so RB 34823 2518 40 far far RB 34823 2518 41 as as IN 34823 2518 42 it -PRON- PRP 34823 2518 43 is be VBZ 34823 2518 44 considered consider VBN 34823 2518 45 as as IN 34823 2518 46 a a DT 34823 2518 47 variable variable NN 34823 2518 48 , , , 34823 2518 49 but but CC 34823 2518 50 which which WDT 34823 2518 51 , , , 34823 2518 52 more more JJR 34823 2518 53 than than IN 34823 2518 54 anything anything NN 34823 2518 55 else else RB 34823 2518 56 , , , 34823 2518 57 does do VBZ 34823 2518 58 affect affect VB 34823 2518 59 the the DT 34823 2518 60 concrete concrete JJ 34823 2518 61 figures figure NNS 34823 2518 62 which which WDT 34823 2518 63 go go VBP 34823 2518 64 into into IN 34823 2518 65 the the DT 34823 2518 66 equation equation NN 34823 2518 67 of of IN 34823 2518 68 exchange exchange NNP 34823 2518 69 , , , 34823 2518 70 either either CC 34823 2518 71 for for IN 34823 2518 72 a a DT 34823 2518 73 single single JJ 34823 2518 74 year year NN 34823 2518 75 , , , 34823 2518 76 or or CC 34823 2518 77 for for IN 34823 2518 78 an an DT 34823 2518 79 average average NN 34823 2518 80 of of IN 34823 2518 81 a a DT 34823 2518 82 good good JJ 34823 2518 83 many many JJ 34823 2518 84 years year NNS 34823 2518 85 . . . 34823 2519 1 The the DT 34823 2519 2 V V NNP 34823 2519 3 's 's POS 34823 2519 4 are be VBP 34823 2519 5 not not RB 34823 2519 6 true true JJ 34823 2519 7 causal causal JJ 34823 2519 8 entities entity NNS 34823 2519 9 , , , 34823 2519 10 but but CC 34823 2519 11 merely merely RB 34823 2519 12 abstract abstract JJ 34823 2519 13 summaries summary NNS 34823 2519 14 of of IN 34823 2519 15 a a DT 34823 2519 16 host host NN 34823 2519 17 of of IN 34823 2519 18 heterogeneous heterogeneous JJ 34823 2519 19 facts fact NNS 34823 2519 20 . . . 34823 2520 1 I -PRON- PRP 34823 2520 2 have have VBP 34823 2520 3 indicated indicate VBN 34823 2520 4 before before RB 34823 2520 5 , , , 34823 2520 6 and and CC 34823 2520 7 shall shall MD 34823 2520 8 later later RB 34823 2520 9 demonstrate demonstrate VB 34823 2520 10 more more RBR 34823 2520 11 fully fully RB 34823 2520 12 , , , 34823 2520 13 that that IN 34823 2520 14 the the DT 34823 2520 15 same same JJ 34823 2520 16 is be VBZ 34823 2520 17 true true JJ 34823 2520 18 of of IN 34823 2520 19 T. t. NN 34823 2520 20 Even even RB 34823 2520 21 the the DT 34823 2520 22 " " `` 34823 2520 23 normal normal JJ 34823 2520 24 " " '' 34823 2520 25 causes cause VBZ 34823 2520 26 governing govern VBG 34823 2520 27 the the DT 34823 2520 28 V V NNP 34823 2520 29 's 's POS 34823 2520 30 , , , 34823 2520 31 however however RB 34823 2520 32 , , , 34823 2520 33 are be VBP 34823 2520 34 factors factor NNS 34823 2520 35 which which WDT 34823 2520 36 likewise likewise RB 34823 2520 37 affect affect VBP 34823 2520 38 T T NNP 34823 2520 39 , , , 34823 2520 40 and and CC 34823 2520 41 in in IN 34823 2520 42 the the DT 34823 2520 43 same same JJ 34823 2520 44 direction direction NN 34823 2520 45 . . . 34823 2521 1 Among among IN 34823 2521 2 the the DT 34823 2521 3 factors factor NNS 34823 2521 4 affecting affect VBG 34823 2521 5 both both CC 34823 2521 6 V V NNP 34823 2521 7 and and CC 34823 2521 8 T T NNP 34823 2521 9 , , , 34823 2521 10 there there EX 34823 2521 11 is be VBZ 34823 2521 12 one one CD 34823 2521 13 which which WDT 34823 2521 14 sometimes sometimes RB 34823 2521 15 makes make VBZ 34823 2521 16 them -PRON- PRP 34823 2521 17 move move VB 34823 2521 18 in in IN 34823 2521 19 opposite opposite JJ 34823 2521 20 directions direction NNS 34823 2521 21 , , , 34823 2521 22 and and CC 34823 2521 23 that that DT 34823 2521 24 is be VBZ 34823 2521 25 the the DT 34823 2521 26 _ _ NNP 34823 2521 27 value value NN 34823 2521 28 of of IN 34823 2521 29 money money NN 34823 2521 30 _ _ NNP 34823 2521 31 itself -PRON- PRP 34823 2521 32 . . . 34823 2522 1 This this DT 34823 2522 2 is be VBZ 34823 2522 3 so so RB 34823 2522 4 well well RB 34823 2522 5 stated state VBN 34823 2522 6 in in IN 34823 2522 7 Wicksteed Wicksteed NNP 34823 2522 8 's 's POS 34823 2522 9 interesting interesting JJ 34823 2522 10 criticism criticism NN 34823 2522 11 of of IN 34823 2522 12 the the DT 34823 2522 13 quantity quantity NN 34823 2522 14 theory theory NN 34823 2522 15 that that WDT 34823 2522 16 I -PRON- PRP 34823 2522 17 content content VBP 34823 2522 18 myself -PRON- PRP 34823 2522 19 with with IN 34823 2522 20 a a DT 34823 2522 21 quotation:[224 quotation:[224 NN 34823 2522 22 ] ] -RRB- 34823 2522 23 " " `` 34823 2522 24 Again again RB 34823 2522 25 , , , 34823 2522 26 the the DT 34823 2522 27 history history NN 34823 2522 28 of of IN 34823 2522 29 paper paper NN 34823 2522 30 money money NN 34823 2522 31 abounds abound VBZ 34823 2522 32 in in IN 34823 2522 33 instances instance NNS 34823 2522 34 of of IN 34823 2522 35 sudden sudden JJ 34823 2522 36 changes change NNS 34823 2522 37 , , , 34823 2522 38 within within IN 34823 2522 39 the the DT 34823 2522 40 country country NN 34823 2522 41 itself -PRON- PRP 34823 2522 42 , , , 34823 2522 43 in in IN 34823 2522 44 the the DT 34823 2522 45 value value NN 34823 2522 46 of of IN 34823 2522 47 paper paper NN 34823 2522 48 currency currency NN 34823 2522 49 , , , 34823 2522 50 caused cause VBN 34823 2522 51 by by IN 34823 2522 52 reports report NNS 34823 2522 53 unfavorable unfavorable JJ 34823 2522 54 to to IN 34823 2522 55 the the DT 34823 2522 56 country country NN 34823 2522 57 's 's POS 34823 2522 58 credit credit NN 34823 2522 59 . . . 34823 2523 1 The the DT 34823 2523 2 value value NN 34823 2523 3 of of IN 34823 2523 4 the the DT 34823 2523 5 currency currency NN 34823 2523 6 was be VBD 34823 2523 7 lowered lower VBN 34823 2523 8 in in IN 34823 2523 9 these these DT 34823 2523 10 cases case NNS 34823 2523 11 by by IN 34823 2523 12 a a DT 34823 2523 13 doubt doubt NN 34823 2523 14 as as IN 34823 2523 15 to to IN 34823 2523 16 whether whether IN 34823 2523 17 the the DT 34823 2523 18 Government Government NNP 34823 2523 19 would would MD 34823 2523 20 be be VB 34823 2523 21 permanently permanently RB 34823 2523 22 stable stable JJ 34823 2523 23 and and CC 34823 2523 24 would would MD 34823 2523 25 be be VB 34823 2523 26 in in IN 34823 2523 27 a a DT 34823 2523 28 position position NN 34823 2523 29 to to TO 34823 2523 30 honor honor VB 34823 2523 31 its -PRON- PRP$ 34823 2523 32 drafts draft NNS 34823 2523 33 , , , 34823 2523 34 that that DT 34823 2523 35 is be VBZ 34823 2523 36 to to TO 34823 2523 37 say say VB 34823 2523 38 , , , 34823 2523 39 whether whether IN 34823 2523 40 this this DT 34823 2523 41 day day NN 34823 2523 42 three three CD 34823 2523 43 months month NNS 34823 2523 44 , , , 34823 2523 45 the the DT 34823 2523 46 persons person NNS 34823 2523 47 who who WP 34823 2523 48 have have VBP 34823 2523 49 the the DT 34823 2523 50 power power NN 34823 2523 51 to to TO 34823 2523 52 take take VB 34823 2523 53 my -PRON- PRP$ 34823 2523 54 goods good NNS 34823 2523 55 for for IN 34823 2523 56 public public JJ 34823 2523 57 purposes purpose NNS 34823 2523 58 will will MD 34823 2523 59 accept accept VB 34823 2523 60 a a DT 34823 2523 61 draft draft NN 34823 2523 62 of of IN 34823 2523 63 the the DT 34823 2523 64 present present JJ 34823 2523 65 Government Government NNP 34823 2523 66 in in IN 34823 2523 67 lieu lieu NN 34823 2523 68 of of IN 34823 2523 69 payment payment NN 34823 2523 70 . . . 34823 2524 1 It -PRON- PRP 34823 2524 2 is be VBZ 34823 2524 3 not not RB 34823 2524 4 easy easy JJ 34823 2524 5 to to TO 34823 2524 6 see see VB 34823 2524 7 how how WRB 34823 2524 8 , , , 34823 2524 9 on on IN 34823 2524 10 the the DT 34823 2524 11 theory theory NN 34823 2524 12 of of IN 34823 2524 13 the the DT 34823 2524 14 quantity quantity NN 34823 2524 15 law law NN 34823 2524 16 , , , 34823 2524 17 such such PDT 34823 2524 18 a a DT 34823 2524 19 report report NN 34823 2524 20 could could MD 34823 2524 21 affect affect VB 34823 2524 22 very very RB 34823 2524 23 rapidly rapidly RB 34823 2524 24 the the DT 34823 2524 25 magnitudes magnitude NNS 34823 2524 26 on on IN 34823 2524 27 which which WDT 34823 2524 28 the the DT 34823 2524 29 value value NN 34823 2524 30 of of IN 34823 2524 31 the the DT 34823 2524 32 note note NN 34823 2524 33 is be VBZ 34823 2524 34 supposed suppose VBN 34823 2524 35 to to TO 34823 2524 36 depend depend VB 34823 2524 37 , , , 34823 2524 38 viz viz NNP 34823 2524 39 . . NNP 34823 2524 40 , , , 34823 2524 41 the the DT 34823 2524 42 quantity quantity NN 34823 2524 43 of of IN 34823 2524 44 business business NN 34823 2524 45 to to TO 34823 2524 46 be be VB 34823 2524 47 transacted transact VBN 34823 2524 48 , , , 34823 2524 49 and and CC 34823 2524 50 the the DT 34823 2524 51 amount amount NN 34823 2524 52 of of IN 34823 2524 53 the the DT 34823 2524 54 currency currency NN 34823 2524 55 . . . 34823 2525 1 Nor nor CC 34823 2525 2 is be VBZ 34823 2525 3 it -PRON- PRP 34823 2525 4 easy easy JJ 34823 2525 5 to to TO 34823 2525 6 see see VB 34823 2525 7 why why WRB 34823 2525 8 we -PRON- PRP 34823 2525 9 should should MD 34823 2525 10 suppose suppose VB 34823 2525 11 that that IN 34823 2525 12 the the DT 34823 2525 13 frequency frequency NN 34823 2525 14 with with IN 34823 2525 15 which which WDT 34823 2525 16 the the DT 34823 2525 17 notes note NNS 34823 2525 18 pass pass VBP 34823 2525 19 from from IN 34823 2525 20 hand hand NN 34823 2525 21 to to IN 34823 2525 22 hand hand NN 34823 2525 23 , , , 34823 2525 24 is be VBZ 34823 2525 25 independently independently RB 34823 2525 26 fixed fix VBN 34823 2525 27 . . . 34823 2526 1 On on IN 34823 2526 2 the the DT 34823 2526 3 other other JJ 34823 2526 4 hand hand NN 34823 2526 5 , , , 34823 2526 6 the the DT 34823 2526 7 quantity quantity NN 34823 2526 8 of of IN 34823 2526 9 business business NN 34823 2526 10 done do VBN 34823 2526 11 by by IN 34823 2526 12 the the DT 34823 2526 13 notes note NNS 34823 2526 14 , , , 34823 2526 15 as as IN 34823 2526 16 distinct distinct JJ 34823 2526 17 from from IN 34823 2526 18 the the DT 34823 2526 19 quantity quantity NN 34823 2526 20 of of IN 34823 2526 21 business business NN 34823 2526 22 done do VBN 34823 2526 23 altogether altogether RB 34823 2526 24 , , , 34823 2526 25 and and CC 34823 2526 26 the the DT 34823 2526 27 rapidity rapidity NN 34823 2526 28 of of IN 34823 2526 29 the the DT 34823 2526 30 circulation circulation NN 34823 2526 31 of of IN 34823 2526 32 the the DT 34823 2526 33 notes note NNS 34823 2526 34 may may MD 34823 2526 35 obviously obviously RB 34823 2526 36 be be VB 34823 2526 37 affected affect VBN 34823 2526 38 by by IN 34823 2526 39 sinister sinister JJ 34823 2526 40 rumors rumor NNS 34823 2526 41 . . . 34823 2527 1 Two two CD 34823 2527 2 of of IN 34823 2527 3 the the DT 34823 2527 4 quantities quantity NNS 34823 2527 5 , , , 34823 2527 6 then then RB 34823 2527 7 , , , 34823 2527 8 supposed suppose VBN 34823 2527 9 to to TO 34823 2527 10 determine determine VB 34823 2527 11 the the DT 34823 2527 12 value value NN 34823 2527 13 of of IN 34823 2527 14 the the DT 34823 2527 15 unit unit NN 34823 2527 16 of of IN 34823 2527 17 circulation circulation NN 34823 2527 18 , , , 34823 2527 19 are be VBP 34823 2527 20 themselves -PRON- PRP 34823 2527 21 liable liable JJ 34823 2527 22 to to TO 34823 2527 23 be be VB 34823 2527 24 determined determine VBN 34823 2527 25 by by IN 34823 2527 26 it -PRON- PRP 34823 2527 27 . . . 34823 2527 28 " " '' 34823 2528 1 CHAPTER chapter NN 34823 2528 2 XIII xiii NN 34823 2528 3 THE the DT 34823 2528 4 VOLUME volume NN 34823 2528 5 OF of IN 34823 2528 6 MONEY money NN 34823 2528 7 AND and CC 34823 2528 8 THE the DT 34823 2528 9 VOLUME volume NN 34823 2528 10 OF of IN 34823 2528 11 TRADE trade NN 34823 2528 12 -- -- : 34823 2528 13 TRADE trade NN 34823 2528 14 AND and CC 34823 2528 15 SPECULATION speculation NN 34823 2528 16 In in IN 34823 2528 17 proving prove VBG 34823 2528 18 that that IN 34823 2528 19 an an DT 34823 2528 20 increase increase NN 34823 2528 21 of of IN 34823 2528 22 money money NN 34823 2528 23 must must MD 34823 2528 24 proportionately proportionately RB 34823 2528 25 increase increase VB 34823 2528 26 prices price NNS 34823 2528 27 , , , 34823 2528 28 it -PRON- PRP 34823 2528 29 is be VBZ 34823 2528 30 necessary necessary JJ 34823 2528 31 to to TO 34823 2528 32 prove prove VB 34823 2528 33 that that IN 34823 2528 34 the the DT 34823 2528 35 volume volume NN 34823 2528 36 of of IN 34823 2528 37 trade trade NN 34823 2528 38 is be VBZ 34823 2528 39 independent independent JJ 34823 2528 40 of of IN 34823 2528 41 the the DT 34823 2528 42 quantity quantity NN 34823 2528 43 of of IN 34823 2528 44 money money NN 34823 2528 45 and and CC 34823 2528 46 credit credit NN 34823 2528 47 instruments instrument NNS 34823 2528 48 by by IN 34823 2528 49 means mean NNS 34823 2528 50 of of IN 34823 2528 51 which which WDT 34823 2528 52 trade trade NN 34823 2528 53 is be VBZ 34823 2528 54 carried carry VBN 34823 2528 55 on on RP 34823 2528 56 . . . 34823 2529 1 Money money NN 34823 2529 2 on on IN 34823 2529 3 the the DT 34823 2529 4 one one CD 34823 2529 5 hand hand NN 34823 2529 6 , , , 34823 2529 7 and and CC 34823 2529 8 quantity quantity NN 34823 2529 9 of of IN 34823 2529 10 goods good NNS 34823 2529 11 to to TO 34823 2529 12 be be VB 34823 2529 13 exchanged exchange VBN 34823 2529 14 on on IN 34823 2529 15 the the DT 34823 2529 16 other other JJ 34823 2529 17 , , , 34823 2529 18 are be VBP 34823 2529 19 the the DT 34823 2529 20 two two CD 34823 2529 21 great great JJ 34823 2529 22 independent independent JJ 34823 2529 23 magnitudes magnitude NNS 34823 2529 24 , , , 34823 2529 25 whose whose WP$ 34823 2529 26 equilibration equilibration NN 34823 2529 27 mechanically mechanically RB 34823 2529 28 fixes fix VBZ 34823 2529 29 the the DT 34823 2529 30 average average NN 34823 2529 31 of of IN 34823 2529 32 prices price NNS 34823 2529 33 . . . 34823 2530 1 This this DT 34823 2530 2 notion notion NN 34823 2530 3 , , , 34823 2530 4 as as IN 34823 2530 5 to to IN 34823 2530 6 the the DT 34823 2530 7 essence essence NN 34823 2530 8 of of IN 34823 2530 9 the the DT 34823 2530 10 quantity quantity NN 34823 2530 11 theory theory NN 34823 2530 12 , , , 34823 2530 13 finds find VBZ 34823 2530 14 expression expression NN 34823 2530 15 in in IN 34823 2530 16 Taussig,[225 taussig,[225 NN 34823 2530 17 ] ] -RRB- 34823 2530 18 " " `` 34823 2530 19 The the DT 34823 2530 20 statement statement NN 34823 2530 21 of of IN 34823 2530 22 a a DT 34823 2530 23 quantity quantity NN 34823 2530 24 theory theory NN 34823 2530 25 in in IN 34823 2530 26 relation relation NN 34823 2530 27 to to IN 34823 2530 28 prices price NNS 34823 2530 29 assumes assume VBZ 34823 2530 30 two two CD 34823 2530 31 independent independent JJ 34823 2530 32 variables variable NNS 34823 2530 33 : : : 34823 2530 34 total total JJ 34823 2530 35 money money NN 34823 2530 36 or or CC 34823 2530 37 purchasing purchasing NN 34823 2530 38 power power NN 34823 2530 39 on on IN 34823 2530 40 the the DT 34823 2530 41 one one CD 34823 2530 42 hand hand NN 34823 2530 43 , , , 34823 2530 44 total total JJ 34823 2530 45 supply supply NN 34823 2530 46 of of IN 34823 2530 47 goods good NNS 34823 2530 48 or or CC 34823 2530 49 volume volume NN 34823 2530 50 of of IN 34823 2530 51 transactions transaction NNS 34823 2530 52 on on IN 34823 2530 53 the the DT 34823 2530 54 other other JJ 34823 2530 55 . . . 34823 2530 56 " " '' 34823 2531 1 Taussig Taussig NNS 34823 2531 2 , , , 34823 2531 3 though though IN 34823 2531 4 he -PRON- PRP 34823 2531 5 would would MD 34823 2531 6 maintain maintain VB 34823 2531 7 that that IN 34823 2531 8 this this DT 34823 2531 9 independence independence NN 34823 2531 10 holds hold VBZ 34823 2531 11 , , , 34823 2531 12 so so RB 34823 2531 13 far far RB 34823 2531 14 as as IN 34823 2531 15 money money NN 34823 2531 16 and and CC 34823 2531 17 trade trade NN 34823 2531 18 are be VBP 34823 2531 19 concerned concern VBN 34823 2531 20 , , , 34823 2531 21 admits admit VBZ 34823 2531 22 that that IN 34823 2531 23 it -PRON- PRP 34823 2531 24 breaks break VBZ 34823 2531 25 down down RP 34823 2531 26 so so RB 34823 2531 27 far far RB 34823 2531 28 as as IN 34823 2531 29 trade trade NN 34823 2531 30 and and CC 34823 2531 31 elastic elastic JJ 34823 2531 32 bank bank NN 34823 2531 33 credit credit NN 34823 2531 34 , , , 34823 2531 35 bank bank NN 34823 2531 36 - - HYPH 34823 2531 37 notes note NNS 34823 2531 38 and and CC 34823 2531 39 deposits deposit NNS 34823 2531 40 , , , 34823 2531 41 are be VBP 34823 2531 42 concerned concern VBN 34823 2531 43 . . . 34823 2532 1 Trade trade NN 34823 2532 2 and and CC 34823 2532 3 elastic elastic JJ 34823 2532 4 bank bank NN 34823 2532 5 - - HYPH 34823 2532 6 credit credit NN 34823 2532 7 are be VBP 34823 2532 8 largely largely RB 34823 2532 9 _ _ NNP 34823 2532 10 inter_dependent inter_dependent NNP 34823 2532 11 . . . 34823 2533 1 [ [ -LRB- 34823 2533 2 226 226 CD 34823 2533 3 ] ] -RRB- 34823 2533 4 This this DT 34823 2533 5 concession concession NN 34823 2533 6 on on IN 34823 2533 7 Taussig Taussig NNP 34823 2533 8 's 's POS 34823 2533 9 part part NN 34823 2533 10 means mean VBZ 34823 2533 11 virtually virtually RB 34823 2533 12 giving give VBG 34823 2533 13 up up RP 34823 2533 14 the the DT 34823 2533 15 quantity quantity NN 34823 2533 16 theory theory NN 34823 2533 17 for for IN 34823 2533 18 Western Western NNP 34823 2533 19 Europe Europe NNP 34823 2533 20 and and CC 34823 2533 21 the the DT 34823 2533 22 United United NNP 34823 2533 23 States States NNP 34823 2533 24 and and CC 34823 2533 25 Canada Canada NNP 34823 2533 26 , , , 34823 2533 27 though though IN 34823 2533 28 Taussig Taussig NNP 34823 2533 29 still still RB 34823 2533 30 sees see VBZ 34823 2533 31 something something NN 34823 2533 32 left leave VBN 34823 2533 33 of of IN 34823 2533 34 the the DT 34823 2533 35 quantity quantity NN 34823 2533 36 theory theory NN 34823 2533 37 tendency tendency NN 34823 2533 38 in in IN 34823 2533 39 view view NN 34823 2533 40 of of IN 34823 2533 41 the the DT 34823 2533 42 " " `` 34823 2533 43 irregular irregular JJ 34823 2533 44 and and CC 34823 2533 45 uncertain uncertain JJ 34823 2533 46 " " '' 34823 2533 47 connection connection NN 34823 2533 48 which which WDT 34823 2533 49 he -PRON- PRP 34823 2533 50 finds find VBZ 34823 2533 51 between between IN 34823 2533 52 money money NN 34823 2533 53 and and CC 34823 2533 54 bank bank NN 34823 2533 55 - - HYPH 34823 2533 56 credit credit NN 34823 2533 57 . . . 34823 2534 1 [ [ -LRB- 34823 2534 2 227 227 CD 34823 2534 3 ] ] -RRB- 34823 2534 4 Fisher Fisher NNP 34823 2534 5 , , , 34823 2534 6 however however RB 34823 2534 7 , , , 34823 2534 8 makes make VBZ 34823 2534 9 no no DT 34823 2534 10 such such JJ 34823 2534 11 surrender surrender NN 34823 2534 12 . . . 34823 2535 1 He -PRON- PRP 34823 2535 2 is be VBZ 34823 2535 3 quite quite RB 34823 2535 4 as as RB 34823 2535 5 uncompromising uncompromising JJ 34823 2535 6 as as IN 34823 2535 7 to to IN 34823 2535 8 the the DT 34823 2535 9 independence independence NN 34823 2535 10 of of IN 34823 2535 11 _ _ NNP 34823 2535 12 deposits deposit NNS 34823 2535 13 _ _ NNP 34823 2535 14 and and CC 34823 2535 15 trade trade NN 34823 2535 16 as as IN 34823 2535 17 he -PRON- PRP 34823 2535 18 is be VBZ 34823 2535 19 with with IN 34823 2535 20 reference reference NN 34823 2535 21 to to IN 34823 2535 22 the the DT 34823 2535 23 independence independence NN 34823 2535 24 of of IN 34823 2535 25 _ _ NNP 34823 2535 26 money money NN 34823 2535 27 _ _ NNP 34823 2535 28 and and CC 34823 2535 29 trade trade NN 34823 2535 30 . . . 34823 2536 1 He -PRON- PRP 34823 2536 2 does do VBZ 34823 2536 3 , , , 34823 2536 4 indeed indeed RB 34823 2536 5 , , , 34823 2536 6 make make VB 34823 2536 7 the the DT 34823 2536 8 concession concession NN 34823 2536 9 that that IN 34823 2536 10 increasing increase VBG 34823 2536 11 trade trade NN 34823 2536 12 tends tend VBZ 34823 2536 13 to to TO 34823 2536 14 increase increase VB 34823 2536 15 deposits deposit NNS 34823 2536 16 _ _ NNP 34823 2536 17 indirectly indirectly RB 34823 2536 18 _ _ NNP 34823 2536 19 , , , 34823 2536 20 by by IN 34823 2536 21 increasing increase VBG 34823 2536 22 the the DT 34823 2536 23 ratio ratio NN 34823 2536 24 of of IN 34823 2536 25 M M NNP 34823 2536 26 ´ ´ CD 34823 2536 27 to to IN 34823 2536 28 M M NNP 34823 2536 29 , , , 34823 2536 30 by by IN 34823 2536 31 modifying modify VBG 34823 2536 32 the the DT 34823 2536 33 habits habit NNS 34823 2536 34 of of IN 34823 2536 35 the the DT 34823 2536 36 people people NNS 34823 2536 37 as as IN 34823 2536 38 to to IN 34823 2536 39 the the DT 34823 2536 40 use use NN 34823 2536 41 of of IN 34823 2536 42 checks check NNS 34823 2536 43 as as IN 34823 2536 44 compared compare VBN 34823 2536 45 with with IN 34823 2536 46 cash cash NN 34823 2536 47 ( ( -LRB- 34823 2536 48 p. p. NN 34823 2536 49 165),[228 165),[228 CD 34823 2536 50 ] ] -RRB- 34823 2536 51 but but CC 34823 2536 52 he -PRON- PRP 34823 2536 53 denies deny VBZ 34823 2536 54 stoutly stoutly RB 34823 2536 55 that that IN 34823 2536 56 there there EX 34823 2536 57 is be VBZ 34823 2536 58 any any DT 34823 2536 59 _ _ NNP 34823 2536 60 direct direct JJ 34823 2536 61 _ _ NNP 34823 2536 62 relation relation NN 34823 2536 63 between between IN 34823 2536 64 them -PRON- PRP 34823 2536 65 . . . 34823 2537 1 ( ( -LRB- 34823 2537 2 P. P. NNP 34823 2538 1 168 168 CD 34823 2538 2 . . . 34823 2538 3 ) ) -RRB- 34823 2539 1 Trade trade NN 34823 2539 2 acts act NNS 34823 2539 3 only only RB 34823 2539 4 _ _ NNP 34823 2539 5 via via IN 34823 2539 6 _ _ NNP 34823 2539 7 a a DT 34823 2539 8 modification modification NN 34823 2539 9 of of IN 34823 2539 10 the the DT 34823 2539 11 ratio ratio NN 34823 2539 12 between between IN 34823 2539 13 M M NNP 34823 2539 14 and and CC 34823 2539 15 M M NNP 34823 2539 16 ´ ´ NNP 34823 2539 17 , , , 34823 2539 18 and and CC 34823 2539 19 M M NNP 34823 2539 20 still still RB 34823 2539 21 remains remain VBZ 34823 2539 22 controlled control VBN 34823 2539 23 , , , 34823 2539 24 not not RB 34823 2539 25 by by IN 34823 2539 26 trade trade NN 34823 2539 27 , , , 34823 2539 28 but but CC 34823 2539 29 by by IN 34823 2539 30 quantity quantity NN 34823 2539 31 of of IN 34823 2539 32 money money NN 34823 2539 33 . . . 34823 2540 1 As as IN 34823 2540 2 to to IN 34823 2540 3 any any DT 34823 2540 4 control control NN 34823 2540 5 over over IN 34823 2540 6 T t NN 34823 2540 7 by by IN 34823 2540 8 M M NNP 34823 2540 9 ´ ´ CD 34823 2540 10 , , , 34823 2540 11 he -PRON- PRP 34823 2540 12 repudiates repudiate VBZ 34823 2540 13 it -PRON- PRP 34823 2540 14 explicitly explicitly RB 34823 2540 15 , , , 34823 2540 16 ( ( -LRB- 34823 2540 17 P. p. NN 34823 2541 1 163 163 CD 34823 2541 2 . . . 34823 2541 3 ) ) -RRB- 34823 2542 1 Increasing increase VBG 34823 2542 2 M M NNP 34823 2542 3 ´ ´ CD 34823 2542 4 , , , 34823 2542 5 either either CC 34823 2542 6 through through IN 34823 2542 7 an an DT 34823 2542 8 increase increase NN 34823 2542 9 of of IN 34823 2542 10 M m NN 34823 2542 11 , , , 34823 2542 12 or or CC 34823 2542 13 through through IN 34823 2542 14 an an DT 34823 2542 15 increase increase NN 34823 2542 16 in in IN 34823 2542 17 the the DT 34823 2542 18 normal normal JJ 34823 2542 19 ratio ratio NN 34823 2542 20 between between IN 34823 2542 21 M M NNP 34823 2542 22 and and CC 34823 2542 23 M M NNP 34823 2542 24 ´ ´ NNP 34823 2542 25 , , , 34823 2542 26 will will MD 34823 2542 27 have have VB 34823 2542 28 no no DT 34823 2542 29 effect effect NN 34823 2542 30 on on IN 34823 2542 31 T,--or T,--or NNP 34823 2542 32 , , , 34823 2542 33 for for IN 34823 2542 34 that that DT 34823 2542 35 matter matter NN 34823 2542 36 , , , 34823 2542 37 on on IN 34823 2542 38 the the DT 34823 2542 39 V v NN 34823 2542 40 's 's POS 34823 2542 41 . . . 34823 2543 1 The the DT 34823 2543 2 introduction introduction NN 34823 2543 3 of of IN 34823 2543 4 credit credit NN 34823 2543 5 , , , 34823 2543 6 therefore therefore RB 34823 2543 7 , , , 34823 2543 8 leaves leave VBZ 34823 2543 9 the the DT 34823 2543 10 quantity quantity NN 34823 2543 11 theory theory NN 34823 2543 12 intact intact JJ 34823 2543 13 : : : 34823 2543 14 an an DT 34823 2543 15 increase increase NN 34823 2543 16 of of IN 34823 2543 17 M M NNP 34823 2543 18 , , , 34823 2543 19 increasing increase VBG 34823 2543 20 M M NNP 34823 2543 21 ´ ´ NNP 34823 2543 22 proportionately proportionately RB 34823 2543 23 , , , 34823 2543 24 leaving leave VBG 34823 2543 25 the the DT 34823 2543 26 V V NNP 34823 2543 27 's 's POS 34823 2543 28 unchanged unchanged JJ 34823 2543 29 , , , 34823 2543 30 and and CC 34823 2543 31 having have VBG 34823 2543 32 no no DT 34823 2543 33 effect effect NN 34823 2543 34 on on IN 34823 2543 35 T T NNP 34823 2543 36 , , , 34823 2543 37 must must MD 34823 2543 38 exhaust exhaust VB 34823 2543 39 its -PRON- PRP$ 34823 2543 40 influence influence NN 34823 2543 41 on on IN 34823 2543 42 P p NN 34823 2543 43 , , , 34823 2543 44 raising raise VBG 34823 2543 45 P p NN 34823 2543 46 proportionately proportionately RB 34823 2543 47 , , , 34823 2543 48 if if IN 34823 2543 49 the the DT 34823 2543 50 equation equation NN 34823 2543 51 of of IN 34823 2543 52 exchange exchange NN 34823 2543 53 is be VBZ 34823 2543 54 to to TO 34823 2543 55 remain remain VB 34823 2543 56 valid valid JJ 34823 2543 57 . . . 34823 2544 1 The the DT 34823 2544 2 argument argument NN 34823 2544 3 set set VBD 34823 2544 4 forth forth RB 34823 2544 5 to to TO 34823 2544 6 prove prove VB 34823 2544 7 that that IN 34823 2544 8 T T NNP 34823 2544 9 is be VBZ 34823 2544 10 not not RB 34823 2544 11 influenced influence VBN 34823 2544 12 by by IN 34823 2544 13 M M NNP 34823 2544 14 or or CC 34823 2544 15 M M NNP 34823 2544 16 ´ ´ NNP 34823 2544 17 is be VBZ 34823 2544 18 as as IN 34823 2544 19 follows follow VBZ 34823 2544 20 : : : 34823 2544 21 " " `` 34823 2544 22 An an DT 34823 2544 23 inflation inflation NN 34823 2544 24 of of IN 34823 2544 25 the the DT 34823 2544 26 currency currency NN 34823 2544 27 can can MD 34823 2544 28 not not RB 34823 2544 29 increase increase VB 34823 2544 30 the the DT 34823 2544 31 products product NNS 34823 2544 32 of of IN 34823 2544 33 farms farm NNS 34823 2544 34 or or CC 34823 2544 35 factories factory NNS 34823 2544 36 , , , 34823 2544 37 nor nor CC 34823 2544 38 the the DT 34823 2544 39 speed speed NN 34823 2544 40 of of IN 34823 2544 41 freight freight NN 34823 2544 42 trains train NNS 34823 2544 43 or or CC 34823 2544 44 ships ship NNS 34823 2544 45 . . . 34823 2545 1 The the DT 34823 2545 2 stream stream NN 34823 2545 3 of of IN 34823 2545 4 business business NN 34823 2545 5 depends depend VBZ 34823 2545 6 on on IN 34823 2545 7 natural natural JJ 34823 2545 8 resources resource NNS 34823 2545 9 and and CC 34823 2545 10 technical technical JJ 34823 2545 11 conditions condition NNS 34823 2545 12 , , , 34823 2545 13 not not RB 34823 2545 14 on on IN 34823 2545 15 the the DT 34823 2545 16 quantity quantity NN 34823 2545 17 of of IN 34823 2545 18 money money NN 34823 2545 19 . . . 34823 2546 1 The the DT 34823 2546 2 whole whole JJ 34823 2546 3 machinery machinery NN 34823 2546 4 of of IN 34823 2546 5 production production NN 34823 2546 6 , , , 34823 2546 7 transportation transportation NN 34823 2546 8 and and CC 34823 2546 9 sale sale NN 34823 2546 10 is be VBZ 34823 2546 11 a a DT 34823 2546 12 matter matter NN 34823 2546 13 of of IN 34823 2546 14 _ _ NNP 34823 2546 15 physical physical JJ 34823 2546 16 capacities capacity NNS 34823 2546 17 and and CC 34823 2546 18 technique technique NN 34823 2546 19 _ _ NNP 34823 2546 20 , , , 34823 2546 21 none none NN 34823 2546 22 of of IN 34823 2546 23 which which WDT 34823 2546 24 depend depend VBP 34823 2546 25 on on IN 34823 2546 26 the the DT 34823 2546 27 quantity quantity NN 34823 2546 28 of of IN 34823 2546 29 money money NN 34823 2546 30 . . . 34823 2547 1 The the DT 34823 2547 2 only only JJ 34823 2547 3 way way NN 34823 2547 4 in in IN 34823 2547 5 which which WDT 34823 2547 6 quantities quantity NNS 34823 2547 7 of of IN 34823 2547 8 trade trade NN 34823 2547 9 appear appear VBP 34823 2547 10 to to TO 34823 2547 11 be be VB 34823 2547 12 affected affect VBN 34823 2547 13 by by IN 34823 2547 14 the the DT 34823 2547 15 quantity quantity NN 34823 2547 16 of of IN 34823 2547 17 money money NN 34823 2547 18 is be VBZ 34823 2547 19 by by IN 34823 2547 20 influencing influence VBG 34823 2547 21 trades trade NNS 34823 2547 22 accessory accessory NN 34823 2547 23 to to IN 34823 2547 24 the the DT 34823 2547 25 creation creation NN 34823 2547 26 of of IN 34823 2547 27 money money NN 34823 2547 28 and and CC 34823 2547 29 to to IN 34823 2547 30 the the DT 34823 2547 31 money money NN 34823 2547 32 metal metal NN 34823 2547 33 .... .... . 34823 2547 34 From from IN 34823 2547 35 a a DT 34823 2547 36 practical practical JJ 34823 2547 37 or or CC 34823 2547 38 statistical statistical JJ 34823 2547 39 point point NN 34823 2547 40 of of IN 34823 2547 41 view view NN 34823 2547 42 they -PRON- PRP 34823 2547 43 amount amount VBP 34823 2547 44 to to IN 34823 2547 45 nothing nothing NN 34823 2547 46 , , , 34823 2547 47 for for IN 34823 2547 48 they -PRON- PRP 34823 2547 49 could could MD 34823 2547 50 not not RB 34823 2547 51 add add VB 34823 2547 52 to to IN 34823 2547 53 nor nor CC 34823 2547 54 subtract subtract VB 34823 2547 55 one one CD 34823 2547 56 - - HYPH 34823 2547 57 tenth tenth NN 34823 2547 58 of of IN 34823 2547 59 1 1 CD 34823 2547 60 % % NN 34823 2547 61 from from IN 34823 2547 62 the the DT 34823 2547 63 general general JJ 34823 2547 64 aggregate aggregate NN 34823 2547 65 of of IN 34823 2547 66 trade trade NN 34823 2547 67 . . . 34823 2547 68 " " '' 34823 2548 1 ( ( -LRB- 34823 2548 2 _ _ NNP 34823 2548 3 Loc Loc NNP 34823 2548 4 . . . 34823 2549 1 cit cit NNP 34823 2549 2 . . . 34823 2549 3 _ _ NNP 34823 2549 4 p. p. NN 34823 2549 5 155 155 CD 34823 2549 6 . . . 34823 2550 1 Italics italic NNS 34823 2550 2 mine mine NN 34823 2550 3 . . . 34823 2550 4 ) ) -RRB- 34823 2551 1 Something something NN 34823 2551 2 similar similar JJ 34823 2551 3 is be VBZ 34823 2551 4 said say VBN 34823 2551 5 on on IN 34823 2551 6 p. p. NN 34823 2551 7 62 62 CD 34823 2551 8 , , , 34823 2551 9 where where WRB 34823 2551 10 " " `` 34823 2551 11 transitional transitional JJ 34823 2551 12 " " '' 34823 2551 13 influences influence NNS 34823 2551 14 of of IN 34823 2551 15 M m NN 34823 2551 16 on on IN 34823 2551 17 T T NNP 34823 2551 18 are be VBP 34823 2551 19 being be VBG 34823 2551 20 discussed discuss VBN 34823 2551 21 : : : 34823 2551 22 " " `` 34823 2551 23 But but CC 34823 2551 24 the the DT 34823 2551 25 amount amount NN 34823 2551 26 of of IN 34823 2551 27 trade trade NN 34823 2551 28 is be VBZ 34823 2551 29 dependent dependent JJ 34823 2551 30 , , , 34823 2551 31 _ _ NNP 34823 2551 32 almost almost RB 34823 2551 33 entirely entirely RB 34823 2551 34 _ _ NNP 34823 2551 35 , , , 34823 2551 36 on on IN 34823 2551 37 other other JJ 34823 2551 38 things thing NNS 34823 2551 39 than than IN 34823 2551 40 the the DT 34823 2551 41 quantity quantity NN 34823 2551 42 of of IN 34823 2551 43 currency currency NN 34823 2551 44 , , , 34823 2551 45 so so IN 34823 2551 46 that that IN 34823 2551 47 an an DT 34823 2551 48 increase increase NN 34823 2551 49 of of IN 34823 2551 50 currency currency NN 34823 2551 51 can can MD 34823 2551 52 not not RB 34823 2551 53 , , , 34823 2551 54 _ _ NNP 34823 2551 55 even even RB 34823 2551 56 temporarily temporarily RB 34823 2551 57 _ _ NNP 34823 2551 58 , , , 34823 2551 59 very very RB 34823 2551 60 greatly greatly RB 34823 2551 61 increase increase VBP 34823 2551 62 trade trade NN 34823 2551 63 . . . 34823 2552 1 In in IN 34823 2552 2 ordinarily ordinarily RB 34823 2552 3 good good JJ 34823 2552 4 times time NNS 34823 2552 5 practically practically RB 34823 2552 6 the the DT 34823 2552 7 whole whole JJ 34823 2552 8 community community NN 34823 2552 9 is be VBZ 34823 2552 10 engaged engage VBN 34823 2552 11 in in IN 34823 2552 12 labor labor NN 34823 2552 13 , , , 34823 2552 14 producing produce VBG 34823 2552 15 , , , 34823 2552 16 transporting transport VBG 34823 2552 17 , , , 34823 2552 18 and and CC 34823 2552 19 exchanging exchange VBG 34823 2552 20 goods good NNS 34823 2552 21 . . . 34823 2553 1 The the DT 34823 2553 2 increase increase NN 34823 2553 3 of of IN 34823 2553 4 currency currency NN 34823 2553 5 of of IN 34823 2553 6 a a DT 34823 2553 7 " " `` 34823 2553 8 boom boom NN 34823 2553 9 " " '' 34823 2553 10 period period NN 34823 2553 11 can can MD 34823 2553 12 not not RB 34823 2553 13 , , , 34823 2553 14 of of IN 34823 2553 15 itself -PRON- PRP 34823 2553 16 , , , 34823 2553 17 increase increase VB 34823 2553 18 the the DT 34823 2553 19 population population NN 34823 2553 20 , , , 34823 2553 21 extend extend VB 34823 2553 22 invention invention NN 34823 2553 23 , , , 34823 2553 24 or or CC 34823 2553 25 increase increase VB 34823 2553 26 the the DT 34823 2553 27 efficiency efficiency NN 34823 2553 28 of of IN 34823 2553 29 labor labor NN 34823 2553 30 . . . 34823 2554 1 [ [ -LRB- 34823 2554 2 229 229 CD 34823 2554 3 ] ] -RRB- 34823 2554 4 These these DT 34823 2554 5 factors factor NNS 34823 2554 6 pretty pretty RB 34823 2554 7 definitely definitely RB 34823 2554 8 limit limit VBP 34823 2554 9 the the DT 34823 2554 10 amount amount NN 34823 2554 11 of of IN 34823 2554 12 trade trade NN 34823 2554 13 that that WDT 34823 2554 14 can can MD 34823 2554 15 reasonably reasonably RB 34823 2554 16 be be VB 34823 2554 17 carried carry VBN 34823 2554 18 on on IN 34823 2554 19 . . . 34823 2555 1 So so RB 34823 2555 2 , , , 34823 2555 3 although although IN 34823 2555 4 the the DT 34823 2555 5 gains gain NNS 34823 2555 6 of of IN 34823 2555 7 the the DT 34823 2555 8 enterpriser enterpriser NN 34823 2555 9 - - HYPH 34823 2555 10 borrower borrower NN 34823 2555 11 may may MD 34823 2555 12 exert exert VB 34823 2555 13 a a DT 34823 2555 14 psychological psychological JJ 34823 2555 15 stimulus stimulus NN 34823 2555 16 on on IN 34823 2555 17 trade trade NN 34823 2555 18 , , , 34823 2555 19 though though IN 34823 2555 20 a a DT 34823 2555 21 few few JJ 34823 2555 22 unemployed unemployed JJ 34823 2555 23 may may MD 34823 2555 24 be be VB 34823 2555 25 employed employ VBN 34823 2555 26 , , , 34823 2555 27 and and CC 34823 2555 28 some some DT 34823 2555 29 others other NNS 34823 2555 30 in in IN 34823 2555 31 a a DT 34823 2555 32 few few JJ 34823 2555 33 lines line NNS 34823 2555 34 induced induce VBN 34823 2555 35 to to TO 34823 2555 36 work work VB 34823 2555 37 overtime overtime NN 34823 2555 38 , , , 34823 2555 39 and and CC 34823 2555 40 although although IN 34823 2555 41 there there EX 34823 2555 42 may may MD 34823 2555 43 be be VB 34823 2555 44 some some DT 34823 2555 45 additional additional JJ 34823 2555 46 buying buying NN 34823 2555 47 and and CC 34823 2555 48 selling selling NN 34823 2555 49 which which WDT 34823 2555 50 is be VBZ 34823 2555 51 speculative speculative JJ 34823 2555 52 , , , 34823 2555 53 _ _ NNP 34823 2555 54 yet yet RB 34823 2555 55 almost almost RB 34823 2555 56 the the DT 34823 2555 57 entire entire JJ 34823 2555 58 effect effect NN 34823 2555 59 _ _ NNP 34823 2555 60 of of IN 34823 2555 61 an an DT 34823 2555 62 increase increase NN 34823 2555 63 in in IN 34823 2555 64 deposits deposit NNS 34823 2555 65 must must MD 34823 2555 66 be be VB 34823 2555 67 seen see VBN 34823 2555 68 in in IN 34823 2555 69 a a DT 34823 2555 70 change change NN 34823 2555 71 in in IN 34823 2555 72 prices price NNS 34823 2555 73 . . . 34823 2556 1 Normally normally RB 34823 2556 2 the the DT 34823 2556 3 _ _ NNP 34823 2556 4 entire entire JJ 34823 2556 5 _ _ NNP 34823 2556 6 effect effect NN 34823 2556 7 would would MD 34823 2556 8 so so RB 34823 2556 9 express express VB 34823 2556 10 itself -PRON- PRP 34823 2556 11 , , , 34823 2556 12 but but CC 34823 2556 13 transitionally transitionally RB 34823 2556 14 there there EX 34823 2556 15 will will MD 34823 2556 16 be be VB 34823 2556 17 also also RB 34823 2556 18 _ _ NNP 34823 2556 19 some some DT 34823 2556 20 _ _ NNP 34823 2556 21 increase increase NN 34823 2556 22 in in IN 34823 2556 23 the the DT 34823 2556 24 Q Q NNP 34823 2556 25 's 's POS 34823 2556 26 . . . 34823 2556 27 " " '' 34823 2557 1 ( ( -LRB- 34823 2557 2 Pp Pp NNP 34823 2557 3 . . . 34823 2558 1 62 62 CD 34823 2558 2 - - SYM 34823 2558 3 63 63 CD 34823 2558 4 . . . 34823 2559 1 Italics italic NNS 34823 2559 2 mine mine NN 34823 2559 3 . . . 34823 2559 4 ) ) -RRB- 34823 2560 1 Fisher fisher NN 34823 2560 2 is be VBZ 34823 2560 3 here here RB 34823 2560 4 exceedingly exceedingly RB 34823 2560 5 uncompromising uncompromising JJ 34823 2560 6 , , , 34823 2560 7 even even RB 34823 2560 8 where where WRB 34823 2560 9 transitional transitional JJ 34823 2560 10 periods period NNS 34823 2560 11 are be VBP 34823 2560 12 concerned concern VBN 34823 2560 13 , , , 34823 2560 14 and and CC 34823 2560 15 it -PRON- PRP 34823 2560 16 is be VBZ 34823 2560 17 not not RB 34823 2560 18 necessary necessary JJ 34823 2560 19 , , , 34823 2560 20 in in IN 34823 2560 21 order order NN 34823 2560 22 to to TO 34823 2560 23 do do VB 34823 2560 24 his -PRON- PRP$ 34823 2560 25 position position NN 34823 2560 26 full full JJ 34823 2560 27 justice justice NN 34823 2560 28 , , , 34823 2560 29 to to TO 34823 2560 30 make make VB 34823 2560 31 much much JJ 34823 2560 32 distinction distinction NN 34823 2560 33 between between IN 34823 2560 34 " " `` 34823 2560 35 normal normal JJ 34823 2560 36 " " '' 34823 2560 37 and and CC 34823 2560 38 " " `` 34823 2560 39 transitional transitional JJ 34823 2560 40 " " '' 34823 2560 41 effects effect NNS 34823 2560 42 in in IN 34823 2560 43 my -PRON- PRP$ 34823 2560 44 counter counter NN 34823 2560 45 - - NN 34823 2560 46 argument argument NN 34823 2560 47 . . . 34823 2561 1 I -PRON- PRP 34823 2561 2 shall shall MD 34823 2561 3 , , , 34823 2561 4 however however RB 34823 2561 5 , , , 34823 2561 6 take take VB 34823 2561 7 account account NN 34823 2561 8 of of IN 34823 2561 9 the the DT 34823 2561 10 distinction distinction NN 34823 2561 11 as as IN 34823 2561 12 I -PRON- PRP 34823 2561 13 proceed proceed VBP 34823 2561 14 , , , 34823 2561 15 in in IN 34823 2561 16 justice justice NN 34823 2561 17 to to IN 34823 2561 18 other other JJ 34823 2561 19 , , , 34823 2561 20 more more RBR 34823 2561 21 moderate moderate JJ 34823 2561 22 , , , 34823 2561 23 quantity quantity NN 34823 2561 24 theorists theorist NNS 34823 2561 25 . . . 34823 2562 1 It -PRON- PRP 34823 2562 2 is be VBZ 34823 2562 3 a a DT 34823 2562 4 familiar familiar JJ 34823 2562 5 doctrine doctrine NN 34823 2562 6 that that IN 34823 2562 7 the the DT 34823 2562 8 quantity quantity NN 34823 2562 9 of of IN 34823 2562 10 money money NN 34823 2562 11 is be VBZ 34823 2562 12 irrelevant irrelevant JJ 34823 2562 13 , , , 34823 2562 14 that that IN 34823 2562 15 things thing NNS 34823 2562 16 go go VBP 34823 2562 17 on on RP 34823 2562 18 in in IN 34823 2562 19 much much RB 34823 2562 20 the the DT 34823 2562 21 same same JJ 34823 2562 22 way way NN 34823 2562 23 whether whether IN 34823 2562 24 money money NN 34823 2562 25 is be VBZ 34823 2562 26 abundant abundant JJ 34823 2562 27 or or CC 34823 2562 28 scarce scarce JJ 34823 2562 29 , , , 34823 2562 30 the the DT 34823 2562 31 only only JJ 34823 2562 32 difference difference NN 34823 2562 33 being be VBG 34823 2562 34 that that IN 34823 2562 35 in in IN 34823 2562 36 the the DT 34823 2562 37 one one CD 34823 2562 38 case case NN 34823 2562 39 prices price NNS 34823 2562 40 are be VBP 34823 2562 41 high high JJ 34823 2562 42 and and CC 34823 2562 43 in in IN 34823 2562 44 the the DT 34823 2562 45 other other JJ 34823 2562 46 , , , 34823 2562 47 low low JJ 34823 2562 48 ; ; : 34823 2562 49 that that IN 34823 2562 50 , , , 34823 2562 51 in in IN 34823 2562 52 particular particular JJ 34823 2562 53 , , , 34823 2562 54 it -PRON- PRP 34823 2562 55 is be VBZ 34823 2562 56 a a DT 34823 2562 57 gross gross JJ 34823 2562 58 fallacy fallacy NN 34823 2562 59 to to TO 34823 2562 60 connect connect VB 34823 2562 61 the the DT 34823 2562 62 rate rate NN 34823 2562 63 of of IN 34823 2562 64 interest interest NN 34823 2562 65 with with IN 34823 2562 66 the the DT 34823 2562 67 amount amount NN 34823 2562 68 of of IN 34823 2562 69 money money NN 34823 2562 70 , , , 34823 2562 71 since since IN 34823 2562 72 ( ( -LRB- 34823 2562 73 as as IN 34823 2562 74 many many JJ 34823 2562 75 writers writer NNS 34823 2562 76 would would MD 34823 2562 77 put put VB 34823 2562 78 it -PRON- PRP 34823 2562 79 ) ) -RRB- 34823 2562 80 the the DT 34823 2562 81 rate rate NN 34823 2562 82 of of IN 34823 2562 83 interest interest NN 34823 2562 84 depends depend VBZ 34823 2562 85 on on IN 34823 2562 86 the the DT 34823 2562 87 amount amount NN 34823 2562 88 of of IN 34823 2562 89 _ _ NNP 34823 2562 90 capital capital NN 34823 2562 91 _ _ NNP 34823 2562 92 rather rather RB 34823 2562 93 than than IN 34823 2562 94 _ _ NNP 34823 2562 95 money money NN 34823 2562 96 _ _ NNP 34823 2562 97 . . . 34823 2563 1 At at IN 34823 2563 2 the the DT 34823 2563 3 opposite opposite JJ 34823 2563 4 extreme extreme NN 34823 2563 5 , , , 34823 2563 6 we -PRON- PRP 34823 2563 7 have have VBP 34823 2563 8 writers writer NNS 34823 2563 9 like like IN 34823 2563 10 Brooks Brooks NNP 34823 2563 11 Adams Adams NNP 34823 2563 12 ( ( -LRB- 34823 2563 13 _ _ NNP 34823 2563 14 Law Law NNP 34823 2563 15 of of IN 34823 2563 16 Civilization Civilization NNP 34823 2563 17 and and CC 34823 2563 18 Decay Decay NNP 34823 2563 19 _ _ NNP 34823 2563 20 ) ) -RRB- 34823 2563 21 , , , 34823 2563 22 who who WP 34823 2563 23 see see VBP 34823 2563 24 the the DT 34823 2563 25 fate fate NN 34823 2563 26 of of IN 34823 2563 27 nations nation NNS 34823 2563 28 and and CC 34823 2563 29 the the DT 34823 2563 30 progress progress NN 34823 2563 31 of of IN 34823 2563 32 civilization civilization NN 34823 2563 33 resting rest VBG 34823 2563 34 on on IN 34823 2563 35 the the DT 34823 2563 36 abundance abundance NN 34823 2563 37 or or CC 34823 2563 38 scarcity scarcity NN 34823 2563 39 of of IN 34823 2563 40 money money NN 34823 2563 41 . . . 34823 2564 1 Fisher Fisher NNP 34823 2564 2 takes take VBZ 34823 2564 3 the the DT 34823 2564 4 first first JJ 34823 2564 5 position position NN 34823 2564 6 in in IN 34823 2564 7 its -PRON- PRP$ 34823 2564 8 extremest extreme JJS 34823 2564 9 form form NN 34823 2564 10 . . . 34823 2565 1 [ [ -LRB- 34823 2565 2 230 230 CD 34823 2565 3 ] ] -RRB- 34823 2565 4 The the DT 34823 2565 5 truth truth NN 34823 2565 6 , , , 34823 2565 7 I -PRON- PRP 34823 2565 8 think think VBP 34823 2565 9 , , , 34823 2565 10 is be VBZ 34823 2565 11 intermediate intermediate JJ 34823 2565 12 . . . 34823 2566 1 The the DT 34823 2566 2 effects effect NNS 34823 2566 3 of of IN 34823 2566 4 the the DT 34823 2566 5 New New NNP 34823 2566 6 World World NNP 34823 2566 7 discoveries discovery NNS 34823 2566 8 of of IN 34823 2566 9 gold gold NN 34823 2566 10 and and CC 34823 2566 11 silver silver NN 34823 2566 12 after after IN 34823 2566 13 the the DT 34823 2566 14 voyage voyage NN 34823 2566 15 of of IN 34823 2566 16 Columbus Columbus NNP 34823 2566 17 on on IN 34823 2566 18 trade trade NN 34823 2566 19 and and CC 34823 2566 20 industry industry NN 34823 2566 21 were be VBD 34823 2566 22 tremendous tremendous JJ 34823 2566 23 . . . 34823 2567 1 Trade trade NN 34823 2567 2 was be VBD 34823 2567 3 enormously enormously RB 34823 2567 4 increased increase VBN 34823 2567 5 . . . 34823 2568 1 Walker Walker NNP 34823 2568 2 , , , 34823 2568 3 in in IN 34823 2568 4 his -PRON- PRP$ 34823 2568 5 _ _ NNP 34823 2568 6 Inter__national Inter__national NNP 34823 2568 7 Bimetallism_,[231 Bimetallism_,[231 NNP 34823 2568 8 ] ] -RRB- 34823 2568 9 asking ask VBG 34823 2568 10 , , , 34823 2568 11 from from IN 34823 2568 12 the the DT 34823 2568 13 standpoint standpoint NN 34823 2568 14 of of IN 34823 2568 15 a a DT 34823 2568 16 quantity quantity NN 34823 2568 17 theorist theorist NN 34823 2568 18 , , , 34823 2568 19 why why WRB 34823 2568 20 prices price NNS 34823 2568 21 only only RB 34823 2568 22 increased increase VBD 34823 2568 23 200 200 CD 34823 2568 24 % % NN 34823 2568 25 while while IN 34823 2568 26 money money NN 34823 2568 27 increased increase VBD 34823 2568 28 470 470 CD 34823 2568 29 % % NN 34823 2568 30 , , , 34823 2568 31 admits admit VBZ 34823 2568 32 that that IN 34823 2568 33 the the DT 34823 2568 34 chief chief JJ 34823 2568 35 reason reason NN 34823 2568 36 was be VBD 34823 2568 37 the the DT 34823 2568 38 increase increase NN 34823 2568 39 in in IN 34823 2568 40 trade trade NN 34823 2568 41 , , , 34823 2568 42 due due JJ 34823 2568 43 in in IN 34823 2568 44 large large JJ 34823 2568 45 part part NN 34823 2568 46 to to IN 34823 2568 47 the the DT 34823 2568 48 very very JJ 34823 2568 49 increase increase NN 34823 2568 50 in in IN 34823 2568 51 money money NN 34823 2568 52 itself -PRON- PRP 34823 2568 53 . . . 34823 2569 1 Sombart Sombart NNP 34823 2569 2 , , , 34823 2569 3 in in IN 34823 2569 4 his -PRON- PRP$ 34823 2569 5 _ _ NNP 34823 2569 6 Der Der NNP 34823 2569 7 Moderne Moderne NNP 34823 2569 8 Kapitalismus_,[232 Kapitalismus_,[232 NNP 34823 2569 9 ] ] -RRB- 34823 2569 10 finds find VBZ 34823 2569 11 in in IN 34823 2569 12 this this DT 34823 2569 13 influx influx NN 34823 2569 14 of of IN 34823 2569 15 money money NN 34823 2569 16 a a DT 34823 2569 17 tremendous tremendous JJ 34823 2569 18 source source NN 34823 2569 19 of of IN 34823 2569 20 capitalistic capitalistic JJ 34823 2569 21 accumulations accumulation NNS 34823 2569 22 , , , 34823 2569 23 ( ( -LRB- 34823 2569 24 a a LS 34823 2569 25 ) ) -RRB- 34823 2569 26 for for IN 34823 2569 27 the the DT 34823 2569 28 Conquistadores Conquistadores NNPS 34823 2569 29 , , , 34823 2569 30 ( ( -LRB- 34823 2569 31 b b NN 34823 2569 32 ) ) -RRB- 34823 2569 33 for for IN 34823 2569 34 the the DT 34823 2569 35 handicraftsmen handicraftsman NNS 34823 2569 36 whose whose WP$ 34823 2569 37 prices price NNS 34823 2569 38 rose rise VBD 34823 2569 39 faster fast RBR 34823 2569 40 than than IN 34823 2569 41 their -PRON- PRP$ 34823 2569 42 costs cost NNS 34823 2569 43 , , , 34823 2569 44 ( ( -LRB- 34823 2569 45 c c NN 34823 2569 46 ) ) -RRB- 34823 2569 47 for for IN 34823 2569 48 tenants tenant NNS 34823 2569 49 whose whose WP$ 34823 2569 50 rents rent NNS 34823 2569 51 were be VBD 34823 2569 52 fixed fix VBN 34823 2569 53 in in IN 34823 2569 54 money money NN 34823 2569 55 , , , 34823 2569 56 ( ( -LRB- 34823 2569 57 d d NN 34823 2569 58 ) ) -RRB- 34823 2569 59 for for IN 34823 2569 60 landowners landowner NNS 34823 2569 61 , , , 34823 2569 62 whose whose WP$ 34823 2569 63 rents rent NNS 34823 2569 64 were be VBD 34823 2569 65 fixed fix VBN 34823 2569 66 in in IN 34823 2569 67 kind kind NN 34823 2569 68 [ [ -LRB- 34823 2569 69 a a DT 34823 2569 70 point point NN 34823 2569 71 not not RB 34823 2569 72 obviously obviously RB 34823 2569 73 true true JJ 34823 2569 74 ] ] -RRB- 34823 2569 75 , , , 34823 2569 76 and and CC 34823 2569 77 ( ( -LRB- 34823 2569 78 e e NN 34823 2569 79 ) ) -RRB- 34823 2569 80 for for IN 34823 2569 81 bankers banker NNS 34823 2569 82 , , , 34823 2569 83 as as IN 34823 2569 84 the the DT 34823 2569 85 Fugger Fugger NNP 34823 2569 86 . . . 34823 2570 1 An an DT 34823 2570 2 increase increase NN 34823 2570 3 of of IN 34823 2570 4 capital capital NN 34823 2570 5 , , , 34823 2570 6 savings saving NNS 34823 2570 7 that that WDT 34823 2570 8 would would MD 34823 2570 9 otherwise otherwise RB 34823 2570 10 not not RB 34823 2570 11 have have VB 34823 2570 12 been be VBN 34823 2570 13 made make VBN 34823 2570 14 , , , 34823 2570 15 must must MD 34823 2570 16 have have VB 34823 2570 17 profoundly profoundly RB 34823 2570 18 modified modify VBN 34823 2570 19 the the DT 34823 2570 20 whole whole JJ 34823 2570 21 industrial industrial JJ 34823 2570 22 system system NN 34823 2570 23 , , , 34823 2570 24 and and CC 34823 2570 25 greatly greatly RB 34823 2570 26 increased increase VBD 34823 2570 27 both both DT 34823 2570 28 industry industry NN 34823 2570 29 and and CC 34823 2570 30 commerce commerce NN 34823 2570 31 . . . 34823 2571 1 If if IN 34823 2571 2 it -PRON- PRP 34823 2571 3 be be VB 34823 2571 4 objected object VBN 34823 2571 5 that that IN 34823 2571 6 effects effect NNS 34823 2571 7 of of IN 34823 2571 8 this this DT 34823 2571 9 sort sort NN 34823 2571 10 are be VBP 34823 2571 11 not not RB 34823 2571 12 usual usual JJ 34823 2571 13 , , , 34823 2571 14 that that IN 34823 2571 15 they -PRON- PRP 34823 2571 16 came come VBD 34823 2571 17 in in IN 34823 2571 18 a a DT 34823 2571 19 world world NN 34823 2571 20 which which WDT 34823 2571 21 had have VBD 34823 2571 22 been be VBN 34823 2571 23 starved starve VBN 34823 2571 24 for for IN 34823 2571 25 money money NN 34823 2571 26 , , , 34823 2571 27 and and CC 34823 2571 28 which which WDT 34823 2571 29 , , , 34823 2571 30 by by IN 34823 2571 31 means mean NNS 34823 2571 32 of of IN 34823 2571 33 the the DT 34823 2571 34 enormous enormous JJ 34823 2571 35 increase increase NN 34823 2571 36 in in IN 34823 2571 37 money money NN 34823 2571 38 was be VBD 34823 2571 39 able able JJ 34823 2571 40 to to TO 34823 2571 41 pass pass VB 34823 2571 42 from from IN 34823 2571 43 a a DT 34823 2571 44 " " `` 34823 2571 45 natural natural JJ 34823 2571 46 " " '' 34823 2571 47 to to IN 34823 2571 48 a a DT 34823 2571 49 money money NN 34823 2571 50 economy economy NN 34823 2571 51 , , , 34823 2571 52 I -PRON- PRP 34823 2571 53 reply reply VBP 34823 2571 54 that that IN 34823 2571 55 the the DT 34823 2571 56 difference difference NN 34823 2571 57 between between IN 34823 2571 58 such such PDT 34823 2571 59 a a DT 34823 2571 60 case case NN 34823 2571 61 and and CC 34823 2571 62 the the DT 34823 2571 63 usual usual JJ 34823 2571 64 effects effect NNS 34823 2571 65 of of IN 34823 2571 66 an an DT 34823 2571 67 increase increase NN 34823 2571 68 of of IN 34823 2571 69 money money NN 34823 2571 70 are be VBP 34823 2571 71 in in IN 34823 2571 72 degree degree NN 34823 2571 73 rather rather RB 34823 2571 74 than than IN 34823 2571 75 in in IN 34823 2571 76 kind kind NN 34823 2571 77 . . . 34823 2572 1 The the DT 34823 2572 2 world world NN 34823 2572 3 of of IN 34823 2572 4 Columbus Columbus NNP 34823 2572 5 ' ' POS 34823 2572 6 day day NN 34823 2572 7 was be VBD 34823 2572 8 in in IN 34823 2572 9 part part NN 34823 2572 10 on on IN 34823 2572 11 a a DT 34823 2572 12 money money NN 34823 2572 13 economy economy NN 34823 2572 14 , , , 34823 2572 15 and and CC 34823 2572 16 the the DT 34823 2572 17 world world NN 34823 2572 18 to to IN 34823 2572 19 - - HYPH 34823 2572 20 day day NN 34823 2572 21 , , , 34823 2572 22 despite despite IN 34823 2572 23 Professor Professor NNP 34823 2572 24 Fisher Fisher NNP 34823 2572 25 's 's POS 34823 2572 26 emphatic emphatic JJ 34823 2572 27 denial,[233 denial,[233 NN 34823 2572 28 ] ] -RRB- 34823 2572 29 still still RB 34823 2572 30 employs employ VBZ 34823 2572 31 a a DT 34823 2572 32 great great JJ 34823 2572 33 deal deal NN 34823 2572 34 of of IN 34823 2572 35 barter barter NN 34823 2572 36 , , , 34823 2572 37 or or CC 34823 2572 38 equivalents equivalent NNS 34823 2572 39 of of IN 34823 2572 40 barter barter NN 34823 2572 41 . . . 34823 2573 1 I -PRON- PRP 34823 2573 2 shall shall MD 34823 2573 3 revert revert VB 34823 2573 4 to to IN 34823 2573 5 this this DT 34823 2573 6 point point NN 34823 2573 7 later later RB 34823 2573 8 . . . 34823 2574 1 But but CC 34823 2574 2 even even RB 34823 2574 3 this this DT 34823 2574 4 consideration consideration NN 34823 2574 5 would would MD 34823 2574 6 not not RB 34823 2574 7 rob rob VB 34823 2574 8 Sombart Sombart NNP 34823 2574 9 's 's POS 34823 2574 10 points point NNS 34823 2574 11 of of IN 34823 2574 12 their -PRON- PRP$ 34823 2574 13 significance significance NN 34823 2574 14 for for IN 34823 2574 15 modern modern JJ 34823 2574 16 conditions condition NNS 34823 2574 17 . . . 34823 2575 1 Further further RB 34823 2575 2 , , , 34823 2575 3 we -PRON- PRP 34823 2575 4 have have VBP 34823 2575 5 an an DT 34823 2575 6 even even RB 34823 2575 7 more more RBR 34823 2575 8 striking striking JJ 34823 2575 9 case case NN 34823 2575 10 , , , 34823 2575 11 on on IN 34823 2575 12 Walker Walker NNP 34823 2575 13 's 's POS 34823 2575 14 own own JJ 34823 2575 15 showing showing NN 34823 2575 16 , , , 34823 2575 17 in in IN 34823 2575 18 the the DT 34823 2575 19 effects effect NNS 34823 2575 20 of of IN 34823 2575 21 the the DT 34823 2575 22 Californian Californian NNP 34823 2575 23 and and CC 34823 2575 24 Australian[234 australian[234 DT 34823 2575 25 ] ] -RRB- 34823 2575 26 gold gold JJ 34823 2575 27 discoveries discovery NNS 34823 2575 28 in in IN 34823 2575 29 the the DT 34823 2575 30 19th 19th JJ 34823 2575 31 Century Century NNP 34823 2575 32 on on IN 34823 2575 33 trade trade NN 34823 2575 34 , , , 34823 2575 35 industry industry NN 34823 2575 36 , , , 34823 2575 37 and and CC 34823 2575 38 speculation speculation NN 34823 2575 39 . . . 34823 2576 1 [ [ -LRB- 34823 2576 2 235 235 CD 34823 2576 3 ] ] -RRB- 34823 2576 4 Nor nor CC 34823 2576 5 is be VBZ 34823 2576 6 the the DT 34823 2576 7 tremendous tremendous JJ 34823 2576 8 agitation agitation NN 34823 2576 9 over over IN 34823 2576 10 bimetallism bimetallism NN 34823 2576 11 , , , 34823 2576 12 involving involve VBG 34823 2576 13 a a DT 34823 2576 14 literature literature NN 34823 2576 15 so so RB 34823 2576 16 great great JJ 34823 2576 17 that that IN 34823 2576 18 no no DT 34823 2576 19 man man NN 34823 2576 20 could could MD 34823 2576 21 dream dream VB 34823 2576 22 of of IN 34823 2576 23 reading read VBG 34823 2576 24 it -PRON- PRP 34823 2576 25 all all DT 34823 2576 26 , , , 34823 2576 27 involving involve VBG 34823 2576 28 great great JJ 34823 2576 29 political political JJ 34823 2576 30 movements movement NNS 34823 2576 31 , , , 34823 2576 32 Presidential presidential JJ 34823 2576 33 campaigns campaign NNS 34823 2576 34 , , , 34823 2576 35 great great JJ 34823 2576 36 Congressional congressional JJ 34823 2576 37 debates debate NNS 34823 2576 38 , , , 34823 2576 39 repeated repeat VBN 34823 2576 40 legislation legislation NN 34823 2576 41 , , , 34823 2576 42 international international JJ 34823 2576 43 conferences conference NNS 34823 2576 44 , , , 34823 2576 45 etc etc FW 34823 2576 46 . . FW 34823 2576 47 , , , 34823 2576 48 for for IN 34823 2576 49 twenty twenty CD 34823 2576 50 years year NNS 34823 2576 51 , , , 34823 2576 52 to to TO 34823 2576 53 be be VB 34823 2576 54 explained explain VBN 34823 2576 55 on on IN 34823 2576 56 any any DT 34823 2576 57 other other JJ 34823 2576 58 ground ground NN 34823 2576 59 than than IN 34823 2576 60 that that IN 34823 2576 61 the the DT 34823 2576 62 world world NN 34823 2576 63 felt feel VBD 34823 2576 64 practical practical JJ 34823 2576 65 , , , 34823 2576 66 important important JJ 34823 2576 67 , , , 34823 2576 68 and and CC 34823 2576 69 unpleasant unpleasant JJ 34823 2576 70 effects effect NNS 34823 2576 71 on on IN 34823 2576 72 industry industry NN 34823 2576 73 and and CC 34823 2576 74 trade trade NN 34823 2576 75 from from IN 34823 2576 76 the the DT 34823 2576 77 inadequacy inadequacy NN 34823 2576 78 of of IN 34823 2576 79 the the DT 34823 2576 80 money money NN 34823 2576 81 supply supply NN 34823 2576 82 . . . 34823 2577 1 The the DT 34823 2577 2 view view NN 34823 2577 3 of of IN 34823 2577 4 Hartley Hartley NNP 34823 2577 5 Withers[236 Withers[236 NNP 34823 2577 6 ] ] -RRB- 34823 2577 7 is be VBZ 34823 2577 8 interesting interesting JJ 34823 2577 9 here here RB 34823 2577 10 . . . 34823 2578 1 He -PRON- PRP 34823 2578 2 says say VBZ 34823 2578 3 : : : 34823 2578 4 " " `` 34823 2578 5 any any DT 34823 2578 6 such such JJ 34823 2578 7 great great JJ 34823 2578 8 addition addition NN 34823 2578 9 to to IN 34823 2578 10 currency currency NN 34823 2578 11 and and CC 34823 2578 12 credit credit NN 34823 2578 13 would would MD 34823 2578 14 have have VB 34823 2578 15 a a DT 34823 2578 16 great great JJ 34823 2578 17 effect effect NN 34823 2578 18 in in IN 34823 2578 19 stimulating stimulate VBG 34823 2578 20 production production NN 34823 2578 21 , , , 34823 2578 22 and and CC 34823 2578 23 so so RB 34823 2578 24 would would MD 34823 2578 25 lead lead VB 34823 2578 26 to to IN 34823 2578 27 a a DT 34823 2578 28 great great JJ 34823 2578 29 addition addition NN 34823 2578 30 to to IN 34823 2578 31 the the DT 34823 2578 32 number number NN 34823 2578 33 of of IN 34823 2578 34 real real JJ 34823 2578 35 goods good NNS 34823 2578 36 which which WDT 34823 2578 37 humanity humanity NN 34823 2578 38 desires desire NNS 34823 2578 39 and and CC 34823 2578 40 consumes consume NNS 34823 2578 41 when when WRB 34823 2578 42 it -PRON- PRP 34823 2578 43 can can MD 34823 2578 44 get get VB 34823 2578 45 them -PRON- PRP 34823 2578 46 .... .... . 34823 2578 47 Trade Trade NNP 34823 2578 48 would would MD 34823 2578 49 be be VB 34823 2578 50 more more RBR 34823 2578 51 active active JJ 34823 2578 52 . . . 34823 2578 53 " " '' 34823 2579 1 On on IN 34823 2579 2 p. p. NN 34823 2579 3 23 23 CD 34823 2579 4 he -PRON- PRP 34823 2579 5 speaks speak VBZ 34823 2579 6 of of IN 34823 2579 7 the the DT 34823 2579 8 enormous enormous JJ 34823 2579 9 expansion expansion NN 34823 2579 10 of of IN 34823 2579 11 trade trade NN 34823 2579 12 made make VBN 34823 2579 13 possible possible JJ 34823 2579 14 by by IN 34823 2579 15 paper paper NN 34823 2579 16 representatives representative NNS 34823 2579 17 of of IN 34823 2579 18 gold gold NN 34823 2579 19 . . . 34823 2580 1 On on IN 34823 2580 2 p. p. NN 34823 2580 3 83 83 CD 34823 2580 4 he -PRON- PRP 34823 2580 5 speaks speak VBZ 34823 2580 6 of of IN 34823 2580 7 the the DT 34823 2580 8 attitude attitude NN 34823 2580 9 of of IN 34823 2580 10 the the DT 34823 2580 11 money money NN 34823 2580 12 - - HYPH 34823 2580 13 market market NN 34823 2580 14 toward toward IN 34823 2580 15 gold gold NN 34823 2580 16 , , , 34823 2580 17 which which WDT 34823 2580 18 the the DT 34823 2580 19 orthodox orthodox JJ 34823 2580 20 economist economist NN 34823 2580 21 is be VBZ 34823 2580 22 apt apt JJ 34823 2580 23 to to TO 34823 2580 24 think think VB 34823 2580 25 of of IN 34823 2580 26 as as IN 34823 2580 27 a a DT 34823 2580 28 survival survival NN 34823 2580 29 of of IN 34823 2580 30 Mercantilism Mercantilism NNP 34823 2580 31 . . . 34823 2581 1 Withers wither NNS 34823 2581 2 thinks think VBZ 34823 2581 3 that that IN 34823 2581 4 the the DT 34823 2581 5 money money NN 34823 2581 6 market market NN 34823 2581 7 is be VBZ 34823 2581 8 right right JJ 34823 2581 9 in in IN 34823 2581 10 a a DT 34823 2581 11 large large JJ 34823 2581 12 degree degree NN 34823 2581 13 . . . 34823 2582 1 As as IN 34823 2582 2 illustrating illustrate VBG 34823 2582 3 Withers Withers NNP 34823 2582 4 ' ' POS 34823 2582 5 statement statement NN 34823 2582 6 about about IN 34823 2582 7 the the DT 34823 2582 8 views view NNS 34823 2582 9 of of IN 34823 2582 10 " " `` 34823 2582 11 practical practical JJ 34823 2582 12 men man NNS 34823 2582 13 " " '' 34823 2582 14 on on IN 34823 2582 15 this this DT 34823 2582 16 point point NN 34823 2582 17 , , , 34823 2582 18 the the DT 34823 2582 19 following follow VBG 34823 2582 20 extract extract NN 34823 2582 21 from from IN 34823 2582 22 a a DT 34823 2582 23 recent recent JJ 34823 2582 24 address address NN 34823 2582 25 by by IN 34823 2582 26 Theodore Theodore NNP 34823 2582 27 Price Price NNP 34823 2582 28 , , , 34823 2582 29 quoted quote VBN 34823 2582 30 with with IN 34823 2582 31 approval approval NN 34823 2582 32 in in IN 34823 2582 33 a a DT 34823 2582 34 " " `` 34823 2582 35 market market NN 34823 2582 36 letter letter NN 34823 2582 37 , , , 34823 2582 38 " " '' 34823 2582 39 written write VBN 34823 2582 40 by by IN 34823 2582 41 Byron Byron NNP 34823 2582 42 W. W. NNP 34823 2582 43 Holt,[237 Holt,[237 NNP 34823 2582 44 ] ] -RRB- 34823 2582 45 is be VBZ 34823 2582 46 interesting interesting JJ 34823 2582 47 : : : 34823 2582 48 " " `` 34823 2582 49 The the DT 34823 2582 50 fact fact NN 34823 2582 51 seems seem VBZ 34823 2582 52 to to TO 34823 2582 53 be be VB 34823 2582 54 that that IN 34823 2582 55 the the DT 34823 2582 56 exigencies exigency NNS 34823 2582 57 of of IN 34823 2582 58 war war NN 34823 2582 59 in in IN 34823 2582 60 Europe Europe NNP 34823 2582 61 are be VBP 34823 2582 62 leading lead VBG 34823 2582 63 to to IN 34823 2582 64 an an DT 34823 2582 65 extension extension NN 34823 2582 66 of of IN 34823 2582 67 credit credit NN 34823 2582 68 such such JJ 34823 2582 69 as as IN 34823 2582 70 would would MD 34823 2582 71 not not RB 34823 2582 72 have have VB 34823 2582 73 been be VBN 34823 2582 74 possible possible JJ 34823 2582 75 in in IN 34823 2582 76 peace peace NN 34823 2582 77 , , , 34823 2582 78 because because IN 34823 2582 79 the the DT 34823 2582 80 hesitant hesitant JJ 34823 2582 81 conservatism conservatism NN 34823 2582 82 of of IN 34823 2582 83 bankers banker NNS 34823 2582 84 would would MD 34823 2582 85 have have VB 34823 2582 86 then then RB 34823 2582 87 prevented prevent VBN 34823 2582 88 it -PRON- PRP 34823 2582 89 , , , 34823 2582 90 and and CC 34823 2582 91 we -PRON- PRP 34823 2582 92 are be VBP 34823 2582 93 finding find VBG 34823 2582 94 that that IN 34823 2582 95 instead instead RB 34823 2582 96 of of IN 34823 2582 97 working work VBG 34823 2582 98 harm harm NN 34823 2582 99 it -PRON- PRP 34823 2582 100 is be VBZ 34823 2582 101 doing do VBG 34823 2582 102 good good NN 34823 2582 103 , , , 34823 2582 104 because because IN 34823 2582 105 huge huge JJ 34823 2582 106 masses masse NNS 34823 2582 107 of of IN 34823 2582 108 fixed fix VBN 34823 2582 109 capital capital NN 34823 2582 110 are be VBP 34823 2582 111 thereby thereby RB 34823 2582 112 made make VBN 34823 2582 113 productive productive JJ 34823 2582 114 , , , 34823 2582 115 and and CC 34823 2582 116 are be VBP 34823 2582 117 circulating circulate VBG 34823 2582 118 with with IN 34823 2582 119 the the DT 34823 2582 120 increased increase VBN 34823 2582 121 velocity velocity NN 34823 2582 122 that that WDT 34823 2582 123 always always RB 34823 2582 124 quickens quicken VBZ 34823 2582 125 enterprise enterprise NN 34823 2582 126 and and CC 34823 2582 127 accelerates accelerate VBZ 34823 2582 128 the the DT 34823 2582 129 wheels wheel NNS 34823 2582 130 of of IN 34823 2582 131 industry industry NN 34823 2582 132 .... .... . 34823 2582 133 All all PDT 34823 2582 134 the the DT 34823 2582 135 precedents precedent NNS 34823 2582 136 of of IN 34823 2582 137 history history NN 34823 2582 138 indicate indicate VBP 34823 2582 139 that that IN 34823 2582 140 accelerated accelerated JJ 34823 2582 141 activity activity NN 34823 2582 142 will will MD 34823 2582 143 come come VB 34823 2582 144 with with IN 34823 2582 145 peace peace NN 34823 2582 146 and and CC 34823 2582 147 continue continue VB 34823 2582 148 until until IN 34823 2582 149 the the DT 34823 2582 150 exuberance exuberance NN 34823 2582 151 of of IN 34823 2582 152 success success NN 34823 2582 153 has have VBZ 34823 2582 154 led lead VBN 34823 2582 155 men man NNS 34823 2582 156 to to TO 34823 2582 157 build build VB 34823 2582 158 faster fast RBR 34823 2582 159 than than IN 34823 2582 160 the the DT 34823 2582 161 world world NN 34823 2582 162 has have VBZ 34823 2582 163 grown grow VBN 34823 2582 164 and and CC 34823 2582 165 to to TO 34823 2582 166 demand demand VB 34823 2582 167 credit credit NN 34823 2582 168 upon upon IN 34823 2582 169 the the DT 34823 2582 170 basis basis NN 34823 2582 171 of of IN 34823 2582 172 future future NN 34823 2582 173 rather rather RB 34823 2582 174 than than IN 34823 2582 175 of of IN 34823 2582 176 present present JJ 34823 2582 177 values value NNS 34823 2582 178 . . . 34823 2582 179 " " '' 34823 2583 1 What what WP 34823 2583 2 is be VBZ 34823 2583 3 the the DT 34823 2583 4 essential essential JJ 34823 2583 5 causation causation NN 34823 2583 6 in in IN 34823 2583 7 the the DT 34823 2583 8 matter matter NN 34823 2583 9 ? ? . 34823 2584 1 Well well UH 34823 2584 2 , , , 34823 2584 3 viewed view VBD 34823 2584 4 merely merely RB 34823 2584 5 as as IN 34823 2584 6 a a DT 34823 2584 7 matter matter NN 34823 2584 8 of of IN 34823 2584 9 mechanical mechanical JJ 34823 2584 10 equilibration equilibration NN 34823 2584 11 , , , 34823 2584 12 the the DT 34823 2584 13 quantity quantity NN 34823 2584 14 theory theory NN 34823 2584 15 view view NN 34823 2584 16 is be VBZ 34823 2584 17 not not RB 34823 2584 18 strictly strictly RB 34823 2584 19 true true JJ 34823 2584 20 , , , 34823 2584 21 by by IN 34823 2584 22 any any DT 34823 2584 23 means mean NNS 34823 2584 24 . . . 34823 2585 1 For for IN 34823 2585 2 a a DT 34823 2585 3 given give VBN 34823 2585 4 country country NN 34823 2585 5 -- -- : 34823 2585 6 and and CC 34823 2585 7 Fisher Fisher NNP 34823 2585 8 's 's POS 34823 2585 9 quantity quantity NN 34823 2585 10 theory theory NN 34823 2585 11 is be VBZ 34823 2585 12 always always RB 34823 2585 13 a a DT 34823 2585 14 theory theory NN 34823 2585 15 for for IN 34823 2585 16 a a DT 34823 2585 17 given give VBN 34823 2585 18 country country NN 34823 2585 19 , , , 34823 2585 20 and and CC 34823 2585 21 , , , 34823 2585 22 indeed indeed RB 34823 2585 23 , , , 34823 2585 24 for for IN 34823 2585 25 any any DT 34823 2585 26 separate separate JJ 34823 2585 27 market market NN 34823 2585 28 , , , 34823 2585 29 even even RB 34823 2585 30 a a DT 34823 2585 31 single single JJ 34823 2585 32 city[238]--an city[238]--an NNS 34823 2585 33 increase increase NN 34823 2585 34 of of IN 34823 2585 35 banking banking NN 34823 2585 36 credit credit NN 34823 2585 37 means mean VBZ 34823 2585 38 an an DT 34823 2585 39 increase increase NN 34823 2585 40 in in IN 34823 2585 41 non non JJ 34823 2585 42 - - JJ 34823 2585 43 monetary monetary JJ 34823 2585 44 capital capital NN 34823 2585 45 , , , 34823 2585 46 because because IN 34823 2585 47 , , , 34823 2585 48 to to IN 34823 2585 49 a a DT 34823 2585 50 greater great JJR 34823 2585 51 or or CC 34823 2585 52 less less RBR 34823 2585 53 extent extent NN 34823 2585 54 it -PRON- PRP 34823 2585 55 dispenses dispense VBZ 34823 2585 56 with with IN 34823 2585 57 the the DT 34823 2585 58 use use NN 34823 2585 59 of of IN 34823 2585 60 gold gold NN 34823 2585 61 , , , 34823 2585 62 which which WDT 34823 2585 63 goes go VBZ 34823 2585 64 abroad abroad RB 34823 2585 65 , , , 34823 2585 66 bringing bring VBG 34823 2585 67 back back RB 34823 2585 68 wealth wealth NN 34823 2585 69 in in IN 34823 2585 70 other other JJ 34823 2585 71 forms form NNS 34823 2585 72 in in IN 34823 2585 73 exchange exchange NN 34823 2585 74 . . . 34823 2586 1 Adam Adam NNP 34823 2586 2 Smith Smith NNP 34823 2586 3 saw see VBD 34823 2586 4 this this DT 34823 2586 5 clearly clearly RB 34823 2586 6 , , , 34823 2586 7 and and CC 34823 2586 8 phrased phrase VBD 34823 2586 9 it -PRON- PRP 34823 2586 10 strikingly strikingly RB 34823 2586 11 , , , 34823 2586 12 likening liken VBG 34823 2586 13 gold gold NN 34823 2586 14 and and CC 34823 2586 15 silver silver NN 34823 2586 16 coins coin NNS 34823 2586 17 to to IN 34823 2586 18 the the DT 34823 2586 19 wagon wagon NN 34823 2586 20 - - HYPH 34823 2586 21 roads road NNS 34823 2586 22 of of IN 34823 2586 23 Scotland Scotland NNP 34823 2586 24 , , , 34823 2586 25 which which WDT 34823 2586 26 are be VBP 34823 2586 27 necessary necessary JJ 34823 2586 28 for for IN 34823 2586 29 transportation transportation NN 34823 2586 30 , , , 34823 2586 31 but but CC 34823 2586 32 which which WDT 34823 2586 33 none none NN 34823 2586 34 the the DT 34823 2586 35 less less RBR 34823 2586 36 prevent prevent VBP 34823 2586 37 the the DT 34823 2586 38 use use NN 34823 2586 39 of of IN 34823 2586 40 the the DT 34823 2586 41 roadways roadway NNS 34823 2586 42 for for IN 34823 2586 43 raising raise VBG 34823 2586 44 grain grain NN 34823 2586 45 ; ; : 34823 2586 46 whereas whereas IN 34823 2586 47 bank bank NN 34823 2586 48 credit credit NN 34823 2586 49 is be VBZ 34823 2586 50 like like IN 34823 2586 51 a a DT 34823 2586 52 wagon wagon NN 34823 2586 53 - - HYPH 34823 2586 54 road road NN 34823 2586 55 through through IN 34823 2586 56 the the DT 34823 2586 57 air air NN 34823 2586 58 , , , 34823 2586 59 which which WDT 34823 2586 60 restores restore VBZ 34823 2586 61 the the DT 34823 2586 62 roadbeds roadbed NNS 34823 2586 63 to to IN 34823 2586 64 cultivation cultivation NN 34823 2586 65 . . . 34823 2587 1 Increased increased JJ 34823 2587 2 non non JJ 34823 2587 3 - - JJ 34823 2587 4 monetary monetary JJ 34823 2587 5 capital capital NN 34823 2587 6 , , , 34823 2587 7 other other JJ 34823 2587 8 things thing NNS 34823 2587 9 equal equal JJ 34823 2587 10 , , , 34823 2587 11 should should MD 34823 2587 12 mean mean VB 34823 2587 13 increased increase VBN 34823 2587 14 trade trade NN 34823 2587 15 . . . 34823 2588 1 But but CC 34823 2588 2 , , , 34823 2588 3 more more RBR 34823 2588 4 fundamentally fundamentally RB 34823 2588 5 , , , 34823 2588 6 an an DT 34823 2588 7 increase increase NN 34823 2588 8 in in IN 34823 2588 9 gold gold NN 34823 2588 10 itself -PRON- PRP 34823 2588 11 within within IN 34823 2588 12 the the DT 34823 2588 13 country country NN 34823 2588 14 , , , 34823 2588 15 if if IN 34823 2588 16 not not RB 34823 2588 17 bought buy VBN 34823 2588 18 by by IN 34823 2588 19 the the DT 34823 2588 20 export export NN 34823 2588 21 of of IN 34823 2588 22 an an DT 34823 2588 23 equivalent equivalent JJ 34823 2588 24 amount amount NN 34823 2588 25 of of IN 34823 2588 26 other other JJ 34823 2588 27 goods good NNS 34823 2588 28 , , , 34823 2588 29 _ _ NNP 34823 2588 30 is be VBZ 34823 2588 31 an an DT 34823 2588 32 increase increase NN 34823 2588 33 of of IN 34823 2588 34 capital capital NN 34823 2588 35 _ _ NNP 34823 2588 36 . . . 34823 2589 1 Not not RB 34823 2589 2 all all DT 34823 2589 3 capital capital NN 34823 2589 4 is be VBZ 34823 2589 5 money money NN 34823 2589 6 , , , 34823 2589 7 but but CC 34823 2589 8 standard standard JJ 34823 2589 9 coin coin NN 34823 2589 10 is be VBZ 34823 2589 11 capital capital NN 34823 2589 12 . . . 34823 2590 1 Money money NN 34823 2590 2 is be VBZ 34823 2590 3 a a DT 34823 2590 4 tool tool NN 34823 2590 5 of of IN 34823 2590 6 exchange exchange NN 34823 2590 7 , , , 34823 2590 8 and and CC 34823 2590 9 exchange exchange NN 34823 2590 10 is be VBZ 34823 2590 11 part part NN 34823 2590 12 of of IN 34823 2590 13 the the DT 34823 2590 14 productive productive JJ 34823 2590 15 process process NN 34823 2590 16 . . . 34823 2591 1 More More JJR 34823 2591 2 money money NN 34823 2591 3 means mean VBZ 34823 2591 4 more more RBR 34823 2591 5 exchanging exchange VBG 34823 2591 6 . . . 34823 2592 1 That that DT 34823 2592 2 is be VBZ 34823 2592 3 what what WDT 34823 2592 4 money money NN 34823 2592 5 is be VBZ 34823 2592 6 for for IN 34823 2592 7 . . . 34823 2593 1 Part part NN 34823 2593 2 of of IN 34823 2593 3 the the DT 34823 2593 4 mechanism mechanism NN 34823 2593 5 is be VBZ 34823 2593 6 in in IN 34823 2593 7 the the DT 34823 2593 8 money money NN 34823 2593 9 rates rate NNS 34823 2593 10 , , , 34823 2593 11 which which WDT 34823 2593 12 go go VBP 34823 2593 13 down down RP 34823 2593 14 as as IN 34823 2593 15 money money NN 34823 2593 16 becomes become VBZ 34823 2593 17 more more RBR 34823 2593 18 abundant abundant JJ 34823 2593 19 , , , 34823 2593 20 making make VBG 34823 2593 21 it -PRON- PRP 34823 2593 22 profitable profitable JJ 34823 2593 23 to to TO 34823 2593 24 effect effect VB 34823 2593 25 exchanges exchange NNS 34823 2593 26 which which WDT 34823 2593 27 would would MD 34823 2593 28 not not RB 34823 2593 29 have have VB 34823 2593 30 been be VBN 34823 2593 31 profitable profitable JJ 34823 2593 32 had have VBD 34823 2593 33 the the DT 34823 2593 34 money money NN 34823 2593 35 rates rate NNS 34823 2593 36 been be VBN 34823 2593 37 higher high JJR 34823 2593 38 . . . 34823 2594 1 Granted grant VBN 34823 2594 2 that that IN 34823 2594 3 the the DT 34823 2594 4 money money NN 34823 2594 5 - - HYPH 34823 2594 6 rates rate NNS 34823 2594 7 and and CC 34823 2594 8 the the DT 34823 2594 9 general general JJ 34823 2594 10 rate rate NN 34823 2594 11 of of IN 34823 2594 12 interest interest NN 34823 2594 13 tend tend NN 34823 2594 14 , , , 34823 2594 15 in in IN 34823 2594 16 the the DT 34823 2594 17 long long JJ 34823 2594 18 run run NN 34823 2594 19 , , , 34823 2594 20 to to TO 34823 2594 21 keep keep VB 34823 2594 22 -- -- : 34823 2594 23 I -PRON- PRP 34823 2594 24 will will MD 34823 2594 25 not not RB 34823 2594 26 say say VB 34823 2594 27 at at IN 34823 2594 28 the the DT 34823 2594 29 same same JJ 34823 2594 30 figure[239]--a figure[239]--a NNP 34823 2594 31 certain certain JJ 34823 2594 32 fairly fairly RB 34823 2594 33 definite definite JJ 34823 2594 34 relation relation NN 34823 2594 35 to to IN 34823 2594 36 one one CD 34823 2594 37 another another DT 34823 2594 38 , , , 34823 2594 39 it -PRON- PRP 34823 2594 40 still still RB 34823 2594 41 does do VBZ 34823 2594 42 not not RB 34823 2594 43 follow follow VB 34823 2594 44 that that IN 34823 2594 45 the the DT 34823 2594 46 new new JJ 34823 2594 47 " " `` 34823 2594 48 normal normal JJ 34823 2594 49 " " '' 34823 2594 50 equilibrium equilibrium NN 34823 2594 51 will will MD 34823 2594 52 give give VB 34823 2594 53 us -PRON- PRP 34823 2594 54 an an DT 34823 2594 55 interest interest NN 34823 2594 56 rate rate NN 34823 2594 57 which which WDT 34823 2594 58 is be VBZ 34823 2594 59 the the DT 34823 2594 60 same same JJ 34823 2594 61 as as IN 34823 2594 62 the the DT 34823 2594 63 general general JJ 34823 2594 64 rate rate NN 34823 2594 65 of of IN 34823 2594 66 interest interest NN 34823 2594 67 was be VBD 34823 2594 68 before before IN 34823 2594 69 the the DT 34823 2594 70 influx influx NN 34823 2594 71 of of IN 34823 2594 72 gold gold NN 34823 2594 73 . . . 34823 2595 1 On on IN 34823 2595 2 the the DT 34823 2595 3 strictest strictest NN 34823 2595 4 static static JJ 34823 2595 5 theory theory NN 34823 2595 6 , , , 34823 2595 7 this this DT 34823 2595 8 is be VBZ 34823 2595 9 not not RB 34823 2595 10 to to TO 34823 2595 11 be be VB 34823 2595 12 expected expect VBN 34823 2595 13 . . . 34823 2596 1 Because because IN 34823 2596 2 the the DT 34823 2596 3 total total JJ 34823 2596 4 amount amount NN 34823 2596 5 of of IN 34823 2596 6 capital capital NN 34823 2596 7 in in IN 34823 2596 8 the the DT 34823 2596 9 country country NN 34823 2596 10 is be VBZ 34823 2596 11 increased increase VBN 34823 2596 12 , , , 34823 2596 13 and and CC 34823 2596 14 this this DT 34823 2596 15 means mean VBZ 34823 2596 16 a a DT 34823 2596 17 lowered lower VBN 34823 2596 18 interest interest NN 34823 2596 19 rate rate NN 34823 2596 20 all all RB 34823 2596 21 around around RB 34823 2596 22 , , , 34823 2596 23 in in IN 34823 2596 24 the the DT 34823 2596 25 marginal marginal JJ 34823 2596 26 employment employment NN 34823 2596 27 of of IN 34823 2596 28 capital capital NN 34823 2596 29 . . . 34823 2597 1 The the DT 34823 2597 2 margin margin NN 34823 2597 3 of of IN 34823 2597 4 the the DT 34823 2597 5 use use NN 34823 2597 6 of of IN 34823 2597 7 capital capital NN 34823 2597 8 will will MD 34823 2597 9 be be VB 34823 2597 10 lowered lower VBN 34823 2597 11 everywhere everywhere RB 34823 2597 12 , , , 34823 2597 13 including include VBG 34823 2597 14 the the DT 34823 2597 15 margin margin NN 34823 2597 16 for for IN 34823 2597 17 the the DT 34823 2597 18 use use NN 34823 2597 19 of of IN 34823 2597 20 money money NN 34823 2597 21 . . . 34823 2598 1 This this DT 34823 2598 2 means mean VBZ 34823 2598 3 permanently permanently RB 34823 2598 4 lowered lower VBD 34823 2598 5 money money NN 34823 2598 6 rates rate NNS 34823 2598 7 in in IN 34823 2598 8 the the DT 34823 2598 9 country country NN 34823 2598 10 , , , 34823 2598 11 even even RB 34823 2598 12 though though IN 34823 2598 13 the the DT 34823 2598 14 permanent permanent JJ 34823 2598 15 level level NN 34823 2598 16 be be VB 34823 2598 17 higher high JJR 34823 2598 18 than than IN 34823 2598 19 the the DT 34823 2598 20 initial initial JJ 34823 2598 21 money money NN 34823 2598 22 rates rate NNS 34823 2598 23 immediately immediately RB 34823 2598 24 following follow VBG 34823 2598 25 the the DT 34823 2598 26 access access NN 34823 2598 27 of of IN 34823 2598 28 new new JJ 34823 2598 29 gold gold NN 34823 2598 30 . . . 34823 2599 1 I -PRON- PRP 34823 2599 2 have have VBP 34823 2599 3 put put VBN 34823 2599 4 the the DT 34823 2599 5 argument argument NN 34823 2599 6 in in IN 34823 2599 7 terms term NNS 34823 2599 8 that that WDT 34823 2599 9 suggest suggest VBP 34823 2599 10 the the DT 34823 2599 11 productivity productivity NN 34823 2599 12 theory theory NN 34823 2599 13 of of IN 34823 2599 14 interest interest NN 34823 2599 15 , , , 34823 2599 16 because because IN 34823 2599 17 it -PRON- PRP 34823 2599 18 is be VBZ 34823 2599 19 more more RBR 34823 2599 20 simply simply RB 34823 2599 21 stated state VBN 34823 2599 22 that that DT 34823 2599 23 way way NN 34823 2599 24 . . . 34823 2600 1 I -PRON- PRP 34823 2600 2 do do VBP 34823 2600 3 not not RB 34823 2600 4 accept accept VB 34823 2600 5 the the DT 34823 2600 6 productivity productivity NN 34823 2600 7 theory theory NN 34823 2600 8 , , , 34823 2600 9 as as IN 34823 2600 10 a a DT 34823 2600 11 fundamental fundamental JJ 34823 2600 12 explanation explanation NN 34823 2600 13 of of IN 34823 2600 14 interest interest NN 34823 2600 15 , , , 34823 2600 16 but but CC 34823 2600 17 for for IN 34823 2600 18 many many JJ 34823 2600 19 purposes purpose NNS 34823 2600 20 , , , 34823 2600 21 the the DT 34823 2600 22 results result NNS 34823 2600 23 to to TO 34823 2600 24 be be VB 34823 2600 25 obtained obtain VBN 34823 2600 26 by by IN 34823 2600 27 it -PRON- PRP 34823 2600 28 coincide coincide VB 34823 2600 29 with with IN 34823 2600 30 the the DT 34823 2600 31 psychological psychological JJ 34823 2600 32 time time NN 34823 2600 33 theories,--which theories,--which NNP 34823 2600 34 also also RB 34823 2600 35 , , , 34823 2600 36 in in IN 34823 2600 37 their -PRON- PRP$ 34823 2600 38 present present JJ 34823 2600 39 form form NN 34823 2600 40 , , , 34823 2600 41 seem seem VBP 34823 2600 42 to to IN 34823 2600 43 me -PRON- PRP 34823 2600 44 imperfectly imperfectly RB 34823 2600 45 developed develop VBD 34823 2600 46 . . . 34823 2601 1 I -PRON- PRP 34823 2601 2 need need VBP 34823 2601 3 not not RB 34823 2601 4 try try VB 34823 2601 5 to to TO 34823 2601 6 construct construct VB 34823 2601 7 a a DT 34823 2601 8 theory theory NN 34823 2601 9 of of IN 34823 2601 10 interest interest NN 34823 2601 11 here here RB 34823 2601 12 , , , 34823 2601 13 however however RB 34823 2601 14 , , , 34823 2601 15 as as IN 34823 2601 16 the the DT 34823 2601 17 familiar familiar JJ 34823 2601 18 theories theory NNS 34823 2601 19 lead lead VBP 34823 2601 20 to to IN 34823 2601 21 no no DT 34823 2601 22 trouble trouble NN 34823 2601 23 at at IN 34823 2601 24 this this DT 34823 2601 25 point point NN 34823 2601 26 . . . 34823 2602 1 It -PRON- PRP 34823 2602 2 is be VBZ 34823 2602 3 enough enough JJ 34823 2602 4 to to TO 34823 2602 5 point point VB 34823 2602 6 out out RP 34823 2602 7 that that IN 34823 2602 8 the the DT 34823 2602 9 increased increase VBN 34823 2602 10 amount amount NN 34823 2602 11 of of IN 34823 2602 12 capital capital NN 34823 2602 13 , , , 34823 2602 14 meaning mean VBG 34823 2602 15 better well JJR 34823 2602 16 provision provision NN 34823 2602 17 for for IN 34823 2602 18 present present JJ 34823 2602 19 wants want VBZ 34823 2602 20 -- -- : 34823 2602 21 wants want VBZ 34823 2602 22 concerned concern VBN 34823 2602 23 with with IN 34823 2602 24 gold gold NN 34823 2602 25 in in IN 34823 2602 26 the the DT 34823 2602 27 arts art NNS 34823 2602 28 and and CC 34823 2602 29 with with IN 34823 2602 30 money money NN 34823 2602 31 for for IN 34823 2602 32 productive productive JJ 34823 2602 33 exchanges exchange NNS 34823 2602 34 , , , 34823 2602 35 as as RB 34823 2602 36 well well RB 34823 2602 37 as as IN 34823 2602 38 goods good NNS 34823 2602 39 generally generally RB 34823 2602 40 since since IN 34823 2602 41 part part NN 34823 2602 42 of of IN 34823 2602 43 the the DT 34823 2602 44 new new JJ 34823 2602 45 gold gold NN 34823 2602 46 will will MD 34823 2602 47 be be VB 34823 2602 48 exported export VBN 34823 2602 49 for for IN 34823 2602 50 other other JJ 34823 2602 51 things thing NNS 34823 2602 52 -- -- : 34823 2602 53 will will MD 34823 2602 54 lessen lessen VB 34823 2602 55 the the DT 34823 2602 56 pressure pressure NN 34823 2602 57 of of IN 34823 2602 58 present present JJ 34823 2602 59 as as IN 34823 2602 60 compared compare VBN 34823 2602 61 with with IN 34823 2602 62 future future JJ 34823 2602 63 wants want VBZ 34823 2602 64 , , , 34823 2602 65 and and CC 34823 2602 66 so so RB 34823 2602 67 lessen lessen VB 34823 2602 68 the the DT 34823 2602 69 rate rate NN 34823 2602 70 of of IN 34823 2602 71 interest interest NN 34823 2602 72 on on IN 34823 2602 73 the the DT 34823 2602 74 time time NN 34823 2602 75 - - HYPH 34823 2602 76 preference preference NN 34823 2602 77 theory theory NN 34823 2602 78 . . . 34823 2603 1 The the DT 34823 2603 2 final final JJ 34823 2603 3 outcome outcome NN 34823 2603 4 will will MD 34823 2603 5 be be VB 34823 2603 6 an an DT 34823 2603 7 extension extension NN 34823 2603 8 of of IN 34823 2603 9 the the DT 34823 2603 10 marginal marginal JJ 34823 2603 11 use use NN 34823 2603 12 of of IN 34823 2603 13 money money NN 34823 2603 14 , , , 34823 2603 15 and and CC 34823 2603 16 a a DT 34823 2603 17 greater great JJR 34823 2603 18 volume volume NN 34823 2603 19 of of IN 34823 2603 20 exchanges exchange NNS 34823 2603 21 . . . 34823 2604 1 Of of RB 34823 2604 2 course course RB 34823 2604 3 , , , 34823 2604 4 the the DT 34823 2604 5 increase increase NN 34823 2604 6 in in IN 34823 2604 7 the the DT 34823 2604 8 supply supply NN 34823 2604 9 of of IN 34823 2604 10 any any DT 34823 2604 11 kind kind NN 34823 2604 12 of of IN 34823 2604 13 capital capital NN 34823 2604 14 good good JJ 34823 2604 15 , , , 34823 2604 16 apart apart RB 34823 2604 17 from from IN 34823 2604 18 a a DT 34823 2604 19 prior prior JJ 34823 2604 20 increase increase NN 34823 2604 21 in in IN 34823 2604 22 the the DT 34823 2604 23 demand demand NN 34823 2604 24 for for IN 34823 2604 25 its -PRON- PRP$ 34823 2604 26 services service NNS 34823 2604 27 , , , 34823 2604 28 will will MD 34823 2604 29 , , , 34823 2604 30 on on IN 34823 2604 31 the the DT 34823 2604 32 mechanical mechanical JJ 34823 2604 33 view view NN 34823 2604 34 of of IN 34823 2604 35 economic economic JJ 34823 2604 36 causation causation NN 34823 2604 37 , , , 34823 2604 38 necessarily necessarily RB 34823 2604 39 lead lead VBP 34823 2604 40 to to IN 34823 2604 41 some some DT 34823 2604 42 fall fall NN 34823 2604 43 in in IN 34823 2604 44 its -PRON- PRP$ 34823 2604 45 capital capital NN 34823 2604 46 value value NN 34823 2604 47 . . . 34823 2605 1 Gold gold NN 34823 2605 2 money money NN 34823 2605 3 will will MD 34823 2605 4 be be VB 34823 2605 5 no no DT 34823 2605 6 exception exception NN 34823 2605 7 to to IN 34823 2605 8 this this DT 34823 2605 9 rule rule NN 34823 2605 10 . . . 34823 2606 1 As as IN 34823 2606 2 to to IN 34823 2606 3 how how WRB 34823 2606 4 much much JJ 34823 2606 5 the the DT 34823 2606 6 increase increase NN 34823 2606 7 in in IN 34823 2606 8 its -PRON- PRP$ 34823 2606 9 quantity quantity NN 34823 2606 10 will will MD 34823 2606 11 lead lead VB 34823 2606 12 its -PRON- PRP$ 34823 2606 13 capital capital NN 34823 2606 14 value value NN 34823 2606 15 to to TO 34823 2606 16 fall fall VB 34823 2606 17 , , , 34823 2606 18 however however RB 34823 2606 19 , , , 34823 2606 20 we -PRON- PRP 34823 2606 21 are be VBP 34823 2606 22 unable unable JJ 34823 2606 23 to to TO 34823 2606 24 say say VB 34823 2606 25 . . . 34823 2607 1 For for IN 34823 2607 2 the the DT 34823 2607 3 quantity quantity NN 34823 2607 4 theory theory NN 34823 2607 5 , , , 34823 2607 6 the the DT 34823 2607 7 fall fall NN 34823 2607 8 will will MD 34823 2607 9 be be VB 34823 2607 10 in in IN 34823 2607 11 proportion proportion NN 34823 2607 12 to to IN 34823 2607 13 the the DT 34823 2607 14 increase increase NN 34823 2607 15 . . . 34823 2608 1 For for IN 34823 2608 2 the the DT 34823 2608 3 theory theory NN 34823 2608 4 just just RB 34823 2608 5 outlined outline VBN 34823 2608 6 , , , 34823 2608 7 the the DT 34823 2608 8 fall fall NN 34823 2608 9 will will MD 34823 2608 10 depend depend VB 34823 2608 11 on on IN 34823 2608 12 the the DT 34823 2608 13 elasticity elasticity NN 34823 2608 14 of of IN 34823 2608 15 demand demand NN 34823 2608 16 for for IN 34823 2608 17 gold gold NN 34823 2608 18 in in IN 34823 2608 19 the the DT 34823 2608 20 arts art NNS 34823 2608 21 , , , 34823 2608 22 and and CC 34823 2608 23 on on IN 34823 2608 24 the the DT 34823 2608 25 elasticity elasticity NN 34823 2608 26 of of IN 34823 2608 27 " " `` 34823 2608 28 demand demand NN 34823 2608 29 " " '' 34823 2608 30 for for IN 34823 2608 31 money money NN 34823 2608 32 , , , 34823 2608 33 meaning meaning NN 34823 2608 34 by by IN 34823 2608 35 demand demand NN 34823 2608 36 for for IN 34823 2608 37 money money NN 34823 2608 38 simply simply RB 34823 2608 39 the the DT 34823 2608 40 demand demand NN 34823 2608 41 for for IN 34823 2608 42 the the DT 34823 2608 43 short short JJ 34823 2608 44 - - HYPH 34823 2608 45 time time NN 34823 2608 46 use use NN 34823 2608 47 of of IN 34823 2608 48 money money NN 34823 2608 49 as as IN 34823 2608 50 a a DT 34823 2608 51 tool tool NN 34823 2608 52 of of IN 34823 2608 53 exchange exchange NN 34823 2608 54 , , , 34823 2608 55 a a DT 34823 2608 56 demand demand NN 34823 2608 57 which which WDT 34823 2608 58 governs govern VBZ 34823 2608 59 _ _ NNP 34823 2608 60 directly directly RB 34823 2608 61 _ _ NNP 34823 2608 62 , , , 34823 2608 63 not not RB 34823 2608 64 the the DT 34823 2608 65 capital capital NN 34823 2608 66 value value NN 34823 2608 67 of of IN 34823 2608 68 money money NN 34823 2608 69 , , , 34823 2608 70 but but CC 34823 2608 71 rather rather RB 34823 2608 72 the the DT 34823 2608 73 " " `` 34823 2608 74 money money NN 34823 2608 75 - - HYPH 34823 2608 76 rates rate NNS 34823 2608 77 . . . 34823 2608 78 " " '' 34823 2609 1 The the DT 34823 2609 2 relation relation NN 34823 2609 3 between between IN 34823 2609 4 the the DT 34823 2609 5 money money NN 34823 2609 6 rates rate NNS 34823 2609 7 and and CC 34823 2609 8 the the DT 34823 2609 9 capital capital NN 34823 2609 10 value value NN 34823 2609 11 of of IN 34823 2609 12 money money NN 34823 2609 13 will will MD 34823 2609 14 best well RBS 34823 2609 15 be be VB 34823 2609 16 discussed discuss VBN 34823 2609 17 at at IN 34823 2609 18 another another DT 34823 2609 19 point point NN 34823 2609 20 . . . 34823 2610 1 [ [ -LRB- 34823 2610 2 240 240 CD 34823 2610 3 ] ] -RRB- 34823 2610 4 We -PRON- PRP 34823 2610 5 have have VBP 34823 2610 6 no no DT 34823 2610 7 reason reason NN 34823 2610 8 at at RB 34823 2610 9 all all RB 34823 2610 10 to to TO 34823 2610 11 suppose suppose VB 34823 2610 12 that that IN 34823 2610 13 either either DT 34823 2610 14 of of IN 34823 2610 15 these these DT 34823 2610 16 demands[241 demands[241 NN 34823 2610 17 ] ] -RRB- 34823 2610 18 exhibits exhibit VBZ 34823 2610 19 the the DT 34823 2610 20 tendency tendency NN 34823 2610 21 to to TO 34823 2610 22 obey obey VB 34823 2610 23 the the DT 34823 2610 24 law law NN 34823 2610 25 of of IN 34823 2610 26 proportional proportional JJ 34823 2610 27 variation variation NN 34823 2610 28 which which WDT 34823 2610 29 the the DT 34823 2610 30 quantity quantity NN 34823 2610 31 theory theory NN 34823 2610 32 requires require VBZ 34823 2610 33 of of IN 34823 2610 34 money money NN 34823 2610 35 . . . 34823 2611 1 It -PRON- PRP 34823 2611 2 is be VBZ 34823 2611 3 further far RBR 34823 2611 4 important important JJ 34823 2611 5 to to TO 34823 2611 6 note note VB 34823 2611 7 that that IN 34823 2611 8 as as IN 34823 2611 9 a a DT 34823 2611 10 country country NN 34823 2611 11 gets get VBZ 34823 2611 12 more more RBR 34823 2611 13 abundant abundant JJ 34823 2611 14 capital capital NN 34823 2611 15 , , , 34823 2611 16 there there EX 34823 2611 17 seems seem VBZ 34823 2611 18 to to TO 34823 2611 19 be be VB 34823 2611 20 a a DT 34823 2611 21 tendency tendency NN 34823 2611 22 to to TO 34823 2611 23 extend extend VB 34823 2611 24 the the DT 34823 2611 25 use use NN 34823 2611 26 of of IN 34823 2611 27 money money NN 34823 2611 28 rather rather RB 34823 2611 29 more more JJR 34823 2611 30 than than IN 34823 2611 31 the the DT 34823 2611 32 use use NN 34823 2611 33 of of IN 34823 2611 34 many many JJ 34823 2611 35 other other JJ 34823 2611 36 capital capital NN 34823 2611 37 goods good NNS 34823 2611 38 . . . 34823 2612 1 Where where WRB 34823 2612 2 the the DT 34823 2612 3 interest interest NN 34823 2612 4 rate rate NN 34823 2612 5 is be VBZ 34823 2612 6 10 10 CD 34823 2612 7 and and CC 34823 2612 8 12 12 CD 34823 2612 9 % % NN 34823 2612 10 , , , 34823 2612 11 as as IN 34823 2612 12 in in IN 34823 2612 13 Arizona Arizona NNP 34823 2612 14 and and CC 34823 2612 15 New New NNP 34823 2612 16 Mexico Mexico NNP 34823 2612 17 , , , 34823 2612 18 money money NN 34823 2612 19 , , , 34823 2612 20 even even RB 34823 2612 21 when when WRB 34823 2612 22 brought bring VBN 34823 2612 23 in in RP 34823 2612 24 , , , 34823 2612 25 tends tend VBZ 34823 2612 26 to to TO 34823 2612 27 leave leave VB 34823 2612 28 in in IN 34823 2612 29 large large JJ 34823 2612 30 degree degree NN 34823 2612 31 to to TO 34823 2612 32 bring bring VB 34823 2612 33 in in RP 34823 2612 34 other other JJ 34823 2612 35 forms form NNS 34823 2612 36 of of IN 34823 2612 37 capital capital NN 34823 2612 38 which which WDT 34823 2612 39 the the DT 34823 2612 40 situation situation NN 34823 2612 41 calls call VBZ 34823 2612 42 for for IN 34823 2612 43 more more RBR 34823 2612 44 imperatively imperatively RB 34823 2612 45 . . . 34823 2613 1 The the DT 34823 2613 2 early early JJ 34823 2613 3 American american JJ 34823 2613 4 colonies colony NNS 34823 2613 5 , , , 34823 2613 6 needing need VBG 34823 2613 7 money money NN 34823 2613 8 pressingly pressingly RB 34823 2613 9 , , , 34823 2613 10 and and CC 34823 2613 11 making make VBG 34823 2613 12 shift shift NN 34823 2613 13 with with IN 34823 2613 14 a a DT 34823 2613 15 great great JJ 34823 2613 16 variety variety NN 34823 2613 17 of of IN 34823 2613 18 substitutes substitute NNS 34823 2613 19 for for IN 34823 2613 20 good good JJ 34823 2613 21 metallic metallic JJ 34823 2613 22 money money NN 34823 2613 23 , , , 34823 2613 24 thoroughly thoroughly RB 34823 2613 25 acquainted acquaint VBN 34823 2613 26 with with IN 34823 2613 27 the the DT 34823 2613 28 advantages advantage NNS 34823 2613 29 of of IN 34823 2613 30 a a DT 34823 2613 31 money money NN 34823 2613 32 - - HYPH 34823 2613 33 economy economy NN 34823 2613 34 from from IN 34823 2613 35 their -PRON- PRP$ 34823 2613 36 European european JJ 34823 2613 37 experience experience NN 34823 2613 38 , , , 34823 2613 39 and and CC 34823 2613 40 having have VBG 34823 2613 41 " " `` 34823 2613 42 habits habit NNS 34823 2613 43 " " '' 34823 2613 44 as as IN 34823 2613 45 to to IN 34823 2613 46 the the DT 34823 2613 47 carrying carrying NN 34823 2613 48 and and CC 34823 2613 49 using use VBG 34823 2613 50 of of IN 34823 2613 51 money money NN 34823 2613 52 which which WDT 34823 2613 53 they -PRON- PRP 34823 2613 54 had have VBD 34823 2613 55 brought bring VBN 34823 2613 56 with with IN 34823 2613 57 them -PRON- PRP 34823 2613 58 from from IN 34823 2613 59 Europe Europe NNP 34823 2613 60 , , , 34823 2613 61 still still RB 34823 2613 62 found find VBD 34823 2613 63 it -PRON- PRP 34823 2613 64 impossible impossible JJ 34823 2613 65 to to TO 34823 2613 66 keep keep VB 34823 2613 67 a a DT 34823 2613 68 great great JJ 34823 2613 69 deal deal NN 34823 2613 70 of of IN 34823 2613 71 metallic metallic JJ 34823 2613 72 money money NN 34823 2613 73 , , , 34823 2613 74 in in IN 34823 2613 75 view view NN 34823 2613 76 of of IN 34823 2613 77 the the DT 34823 2613 78 still still RB 34823 2613 79 greater great JJR 34823 2613 80 importance importance NN 34823 2613 81 of of IN 34823 2613 82 other other JJ 34823 2613 83 forms form NNS 34823 2613 84 of of IN 34823 2613 85 capital capital NN 34823 2613 86 . . . 34823 2614 1 It -PRON- PRP 34823 2614 2 is be VBZ 34823 2614 3 in in IN 34823 2614 4 the the DT 34823 2614 5 most most RBS 34823 2614 6 highly highly RB 34823 2614 7 developed develop VBN 34823 2614 8 commercial commercial JJ 34823 2614 9 communities community NNS 34823 2614 10 , , , 34823 2614 11 commercial commercial JJ 34823 2614 12 centres centre NNS 34823 2614 13 , , , 34823 2614 14 and and CC 34823 2614 15 _ _ NNP 34823 2614 16 par par NN 34823 2614 17 excellence excellence NN 34823 2614 18 _ _ NNP 34823 2614 19 , , , 34823 2614 20 in in IN 34823 2614 21 the the DT 34823 2614 22 speculative speculative JJ 34823 2614 23 centres centre NNS 34823 2614 24 , , , 34823 2614 25 that that IN 34823 2614 26 the the DT 34823 2614 27 demand demand NN 34823 2614 28 for for IN 34823 2614 29 the the DT 34823 2614 30 money money NN 34823 2614 31 - - HYPH 34823 2614 32 service service NN 34823 2614 33 is be VBZ 34823 2614 34 most most RBS 34823 2614 35 elastic elastic JJ 34823 2614 36 . . . 34823 2615 1 [ [ -LRB- 34823 2615 2 242 242 CD 34823 2615 3 ] ] -RRB- 34823 2615 4 A a DT 34823 2615 5 country country NN 34823 2615 6 where where WRB 34823 2615 7 the the DT 34823 2615 8 rate rate NN 34823 2615 9 of of IN 34823 2615 10 interest interest NN 34823 2615 11 is be VBZ 34823 2615 12 low low JJ 34823 2615 13 , , , 34823 2615 14 loses lose VBZ 34823 2615 15 other other JJ 34823 2615 16 forms form NNS 34823 2615 17 of of IN 34823 2615 18 capital capital NN 34823 2615 19 , , , 34823 2615 20 and and CC 34823 2615 21 gains gain NNS 34823 2615 22 money money NN 34823 2615 23 , , , 34823 2615 24 in in IN 34823 2615 25 the the DT 34823 2615 26 process process NN 34823 2615 27 of of IN 34823 2615 28 reëquilibration reëquilibration NN 34823 2615 29 , , , 34823 2615 30 as as IN 34823 2615 31 compared compare VBN 34823 2615 32 with with IN 34823 2615 33 a a DT 34823 2615 34 new new JJ 34823 2615 35 and and CC 34823 2615 36 undeveloped undeveloped JJ 34823 2615 37 section section NN 34823 2615 38 , , , 34823 2615 39 although although IN 34823 2615 40 the the DT 34823 2615 41 new new JJ 34823 2615 42 section section NN 34823 2615 43 also also RB 34823 2615 44 extends extend VBZ 34823 2615 45 the the DT 34823 2615 46 margin margin NN 34823 2615 47 of of IN 34823 2615 48 the the DT 34823 2615 49 money money NN 34823 2615 50 service service NN 34823 2615 51 , , , 34823 2615 52 in in IN 34823 2615 53 effecting effect VBG 34823 2615 54 a a DT 34823 2615 55 greater great JJR 34823 2615 56 number number NN 34823 2615 57 of of IN 34823 2615 58 exchanges exchange NNS 34823 2615 59 , , , 34823 2615 60 when when WRB 34823 2615 61 money money NN 34823 2615 62 is be VBZ 34823 2615 63 increased increase VBN 34823 2615 64 . . . 34823 2616 1 And and CC 34823 2616 2 this this DT 34823 2616 3 leads lead VBZ 34823 2616 4 to to IN 34823 2616 5 a a DT 34823 2616 6 vital vital JJ 34823 2616 7 distinction distinction NN 34823 2616 8 , , , 34823 2616 9 which which WDT 34823 2616 10 quantity quantity NN 34823 2616 11 theorists theorist NNS 34823 2616 12 almost almost RB 34823 2616 13 always always RB 34823 2616 14 lose lose VBP 34823 2616 15 : : : 34823 2616 16 the the DT 34823 2616 17 distinction distinction NN 34823 2616 18 between between IN 34823 2616 19 the the DT 34823 2616 20 volume volume NN 34823 2616 21 of of IN 34823 2616 22 _ _ NNP 34823 2616 23 production production NN 34823 2616 24 _ _ NNP 34823 2616 25 , , , 34823 2616 26 and and CC 34823 2616 27 the the DT 34823 2616 28 volume volume NN 34823 2616 29 of of IN 34823 2616 30 _ _ NNP 34823 2616 31 trade trade NN 34823 2616 32 _ _ NNP 34823 2616 33 . . . 34823 2617 1 Even even RB 34823 2617 2 in in IN 34823 2617 3 the the DT 34823 2617 4 mechanical mechanical JJ 34823 2617 5 system system NN 34823 2617 6 of of IN 34823 2617 7 causation causation NN 34823 2617 8 which which WDT 34823 2617 9 they -PRON- PRP 34823 2617 10 describe describe VBP 34823 2617 11 , , , 34823 2617 12 it -PRON- PRP 34823 2617 13 is be VBZ 34823 2617 14 true true JJ 34823 2617 15 only only RB 34823 2617 16 of of IN 34823 2617 17 production production NN 34823 2617 18 and and CC 34823 2617 19 transportation transportation NN 34823 2617 20 that that WDT 34823 2617 21 _ _ NNP 34823 2617 22 technical technical JJ 34823 2617 23 _ _ NNP 34823 2617 24 and and CC 34823 2617 25 _ _ NNP 34823 2617 26 physical_[243 physical_[243 NNP 34823 2617 27 ] ] -RRB- 34823 2617 28 factors factor NNS 34823 2617 29 are be VBP 34823 2617 30 of of IN 34823 2617 31 primary primary JJ 34823 2617 32 significance significance NN 34823 2617 33 , , , 34823 2617 34 and and CC 34823 2617 35 that that DT 34823 2617 36 money money NN 34823 2617 37 is be VBZ 34823 2617 38 of of IN 34823 2617 39 minor minor JJ 34823 2617 40 significance significance NN 34823 2617 41 . . . 34823 2618 1 For for IN 34823 2618 2 trade trade NN 34823 2618 3 and and CC 34823 2618 4 commerce commerce NN 34823 2618 5 , , , 34823 2618 6 money money NN 34823 2618 7 is be VBZ 34823 2618 8 always always RB 34823 2618 9 highly highly RB 34823 2618 10 important important JJ 34823 2618 11 . . . 34823 2619 1 To to IN 34823 2619 2 the the DT 34823 2619 3 extent extent NN 34823 2619 4 that that IN 34823 2619 5 a a DT 34823 2619 6 region region NN 34823 2619 7 is be VBZ 34823 2619 8 primarily primarily RB 34823 2619 9 given give VBN 34823 2619 10 over over RP 34823 2619 11 to to IN 34823 2619 12 the the DT 34823 2619 13 primary primary JJ 34823 2619 14 productive productive JJ 34823 2619 15 activities activity NNS 34823 2619 16 , , , 34823 2619 17 mining mining NN 34823 2619 18 , , , 34823 2619 19 and and CC 34823 2619 20 agriculture agriculture NN 34823 2619 21 , , , 34823 2619 22 such such JJ 34823 2619 23 trading trading NN 34823 2619 24 as as IN 34823 2619 25 is be VBZ 34823 2619 26 necessary necessary JJ 34823 2619 27 can can MD 34823 2619 28 be be VB 34823 2619 29 done do VBN 34823 2619 30 by by IN 34823 2619 31 means mean NNS 34823 2619 32 of of IN 34823 2619 33 a a DT 34823 2619 34 small small JJ 34823 2619 35 amount amount NN 34823 2619 36 of of IN 34823 2619 37 money money NN 34823 2619 38 , , , 34823 2619 39 supplemented supplement VBN 34823 2619 40 by by IN 34823 2619 41 barter barter NN 34823 2619 42 and and CC 34823 2619 43 long long JJ 34823 2619 44 - - HYPH 34823 2619 45 time time NN 34823 2619 46 book book NN 34823 2619 47 - - HYPH 34823 2619 48 credit credit NN 34823 2619 49 . . . 34823 2620 1 A a DT 34823 2620 2 region region NN 34823 2620 3 or or CC 34823 2620 4 a a DT 34823 2620 5 city city NN 34823 2620 6 whose whose WP$ 34823 2620 7 chief chief JJ 34823 2620 8 business business NN 34823 2620 9 is be VBZ 34823 2620 10 _ _ NNP 34823 2620 11 commerce commerce NN 34823 2620 12 _ _ NNP 34823 2620 13 , , , 34823 2620 14 however however RB 34823 2620 15 , , , 34823 2620 16 needs need VBZ 34823 2620 17 a a DT 34823 2620 18 large large JJ 34823 2620 19 part part NN 34823 2620 20 of of IN 34823 2620 21 its -PRON- PRP$ 34823 2620 22 capital capital NN 34823 2620 23 in in IN 34823 2620 24 the the DT 34823 2620 25 form form NN 34823 2620 26 of of IN 34823 2620 27 money money NN 34823 2620 28 , , , 34823 2620 29 and and CC 34823 2620 30 of of IN 34823 2620 31 banking banking NN 34823 2620 32 capital capital NN 34823 2620 33 , , , 34823 2620 34 which which WDT 34823 2620 35 is be VBZ 34823 2620 36 largely largely RB 34823 2620 37 invested invest VBN 34823 2620 38 in in IN 34823 2620 39 money money NN 34823 2620 40 for for IN 34823 2620 41 banking banking NN 34823 2620 42 reserves reserve NNS 34823 2620 43 . . . 34823 2621 1 _ _ NNP 34823 2621 2 Trade Trade NNP 34823 2621 3 _ _ NNP 34823 2621 4 , , , 34823 2621 5 as as IN 34823 2621 6 distinguished distinguish VBN 34823 2621 7 from from IN 34823 2621 8 industry industry NN 34823 2621 9 ( ( -LRB- 34823 2621 10 and and CC 34823 2621 11 it -PRON- PRP 34823 2621 12 is be VBZ 34823 2621 13 after after RB 34823 2621 14 all all DT 34823 2621 15 trade trade NN 34823 2621 16 that that WDT 34823 2621 17 is be VBZ 34823 2621 18 under under IN 34823 2621 19 discussion discussion NN 34823 2621 20 ) ) -RRB- 34823 2621 21 , , , 34823 2621 22 is be VBZ 34823 2621 23 helped help VBN 34823 2621 24 or or CC 34823 2621 25 hindered hinder VBN 34823 2621 26 as as IN 34823 2621 27 its -PRON- PRP$ 34823 2621 28 tools tool NNS 34823 2621 29 are be VBP 34823 2621 30 more more RBR 34823 2621 31 or or CC 34823 2621 32 less less RBR 34823 2621 33 abundant abundant JJ 34823 2621 34 . . . 34823 2622 1 These these DT 34823 2622 2 considerations consideration NNS 34823 2622 3 would would MD 34823 2622 4 suggest suggest VB 34823 2622 5 that that IN 34823 2622 6 the the DT 34823 2622 7 elasticity elasticity NN 34823 2622 8 of of IN 34823 2622 9 the the DT 34823 2622 10 demand demand NN 34823 2622 11 for for IN 34823 2622 12 the the DT 34823 2622 13 use use NN 34823 2622 14 of of IN 34823 2622 15 money money NN 34823 2622 16 is be VBZ 34823 2622 17 greater great JJR 34823 2622 18 than than IN 34823 2622 19 the the DT 34823 2622 20 elasticity elasticity NN 34823 2622 21 of of IN 34823 2622 22 demand demand NN 34823 2622 23 for for IN 34823 2622 24 the the DT 34823 2622 25 use use NN 34823 2622 26 of of IN 34823 2622 27 capital capital NN 34823 2622 28 in in IN 34823 2622 29 almost almost RB 34823 2622 30 any any DT 34823 2622 31 other other JJ 34823 2622 32 form form NN 34823 2622 33 . . . 34823 2623 1 Production production NN 34823 2623 2 is be VBZ 34823 2623 3 , , , 34823 2623 4 indeed indeed RB 34823 2623 5 , , , 34823 2623 6 limited limit VBN 34823 2623 7 by by IN 34823 2623 8 labor labor NN 34823 2623 9 supply supply NN 34823 2623 10 and and CC 34823 2623 11 natural natural JJ 34823 2623 12 resources resource NNS 34823 2623 13 , , , 34823 2623 14 in in IN 34823 2623 15 considerable considerable JJ 34823 2623 16 degree degree NN 34823 2623 17 . . . 34823 2624 1 _ _ NNP 34823 2624 2 Trade_,[244 Trade_,[244 NNP 34823 2624 3 ] ] -RRB- 34823 2624 4 however however RB 34823 2624 5 , , , 34823 2624 6 even even RB 34823 2624 7 from from IN 34823 2624 8 the the DT 34823 2624 9 standpoint standpoint NN 34823 2624 10 of of IN 34823 2624 11 mechanical mechanical JJ 34823 2624 12 causation causation NN 34823 2624 13 , , , 34823 2624 14 is be VBZ 34823 2624 15 limited limit VBN 34823 2624 16 chiefly chiefly RB 34823 2624 17 by by IN 34823 2624 18 the the DT 34823 2624 19 relation relation NN 34823 2624 20 between between IN 34823 2624 21 the the DT 34823 2624 22 profits profit NNS 34823 2624 23 to to TO 34823 2624 24 be be VB 34823 2624 25 made make VBN 34823 2624 26 in in IN 34823 2624 27 commercial commercial JJ 34823 2624 28 transactions transaction NNS 34823 2624 29 , , , 34823 2624 30 and and CC 34823 2624 31 the the DT 34823 2624 32 " " `` 34823 2624 33 price price NN 34823 2624 34 " " '' 34823 2624 35 that that WDT 34823 2624 36 must must MD 34823 2624 37 be be VB 34823 2624 38 paid pay VBN 34823 2624 39 for for IN 34823 2624 40 the the DT 34823 2624 41 money money NN 34823 2624 42 and and CC 34823 2624 43 credit credit NN 34823 2624 44 that that WDT 34823 2624 45 are be VBP 34823 2624 46 required require VBN 34823 2624 47 to to TO 34823 2624 48 put put VB 34823 2624 49 them -PRON- PRP 34823 2624 50 through through RP 34823 2624 51 . . . 34823 2625 1 There there EX 34823 2625 2 are be VBP 34823 2625 3 enormous enormous JJ 34823 2625 4 numbers number NNS 34823 2625 5 of of IN 34823 2625 6 transfers transfer NNS 34823 2625 7 that that WDT 34823 2625 8 could could MD 34823 2625 9 be be VB 34823 2625 10 made make VBN 34823 2625 11 to to TO 34823 2625 12 advantage advantage VB 34823 2625 13 if if IN 34823 2625 14 there there EX 34823 2625 15 were be VBD 34823 2625 16 no no DT 34823 2625 17 cost cost NN 34823 2625 18 at at RB 34823 2625 19 all all RB 34823 2625 20 involved involved JJ 34823 2625 21 . . . 34823 2626 1 They -PRON- PRP 34823 2626 2 are be VBP 34823 2626 3 not not RB 34823 2626 4 made make VBN 34823 2626 5 , , , 34823 2626 6 because because IN 34823 2626 7 exchanging exchange VBG 34823 2626 8 requires require VBZ 34823 2626 9 pecuniary pecuniary JJ 34823 2626 10 capital capital NN 34823 2626 11 . . . 34823 2627 1 Let let VB 34823 2627 2 the the DT 34823 2627 3 pecuniary pecuniary JJ 34823 2627 4 capital capital NN 34823 2627 5 increase increase NN 34823 2627 6 , , , 34823 2627 7 however however RB 34823 2627 8 , , , 34823 2627 9 and and CC 34823 2627 10 sub sub JJ 34823 2627 11 - - JJ 34823 2627 12 marginal marginal JJ 34823 2627 13 exchanges exchange NNS 34823 2627 14 become become VBP 34823 2627 15 worth worth JJ 34823 2627 16 while while IN 34823 2627 17 , , , 34823 2627 18 the the DT 34823 2627 19 general general JJ 34823 2627 20 margin margin NN 34823 2627 21 is be VBZ 34823 2627 22 lowered lower VBN 34823 2627 23 . . . 34823 2628 1 Commerce commerce NN 34823 2628 2 is be VBZ 34823 2628 3 the the DT 34823 2628 4 most most RBS 34823 2628 5 highly highly RB 34823 2628 6 flexible flexible JJ 34823 2628 7 and and CC 34823 2628 8 elastic elastic JJ 34823 2628 9 portion portion NN 34823 2628 10 of of IN 34823 2628 11 the the DT 34823 2628 12 whole whole JJ 34823 2628 13 productive productive JJ 34823 2628 14 process process NN 34823 2628 15 . . . 34823 2629 1 The the DT 34823 2629 2 elasticity elasticity NN 34823 2629 3 of of IN 34823 2629 4 demand demand NN 34823 2629 5 for for IN 34823 2629 6 commercial commercial JJ 34823 2629 7 capital capital NN 34823 2629 8 is be VBZ 34823 2629 9 , , , 34823 2629 10 thus thus RB 34823 2629 11 , , , 34823 2629 12 greater great JJR 34823 2629 13 than than IN 34823 2629 14 the the DT 34823 2629 15 elasticity elasticity NN 34823 2629 16 of of IN 34823 2629 17 demand demand NN 34823 2629 18 for for IN 34823 2629 19 any any DT 34823 2629 20 other other JJ 34823 2629 21 form form NN 34823 2629 22 of of IN 34823 2629 23 capital capital NN 34823 2629 24 . . . 34823 2630 1 How how WRB 34823 2630 2 widely widely RB 34823 2630 3 the the DT 34823 2630 4 volume volume NN 34823 2630 5 of of IN 34823 2630 6 trade trade NN 34823 2630 7 differs differ NNS 34823 2630 8 from from IN 34823 2630 9 the the DT 34823 2630 10 volume volume NN 34823 2630 11 of of IN 34823 2630 12 production production NN 34823 2630 13 , , , 34823 2630 14 and and CC 34823 2630 15 how how WRB 34823 2630 16 great great JJ 34823 2630 17 is be VBZ 34823 2630 18 the the DT 34823 2630 19 element element NN 34823 2630 20 of of IN 34823 2630 21 speculative speculative JJ 34823 2630 22 transactions transaction NNS 34823 2630 23 in in IN 34823 2630 24 trade trade NN 34823 2630 25 , , , 34823 2630 26 will will MD 34823 2630 27 best best RB 34823 2630 28 appear appear VB 34823 2630 29 , , , 34823 2630 30 I -PRON- PRP 34823 2630 31 think think VBP 34823 2630 32 , , , 34823 2630 33 from from IN 34823 2630 34 an an DT 34823 2630 35 analysis analysis NN 34823 2630 36 of of IN 34823 2630 37 the the DT 34823 2630 38 figures figure NNS 34823 2630 39 which which WDT 34823 2630 40 Fisher Fisher NNP 34823 2630 41 gives[245 gives[245 NN 34823 2630 42 ] ] -RRB- 34823 2630 43 for for IN 34823 2630 44 the the DT 34823 2630 45 volume volume NN 34823 2630 46 of of IN 34823 2630 47 trade trade NN 34823 2630 48 in in IN 34823 2630 49 the the DT 34823 2630 50 United United NNP 34823 2630 51 States States NNP 34823 2630 52 . . . 34823 2631 1 His -PRON- PRP$ 34823 2631 2 figure figure NN 34823 2631 3 for for IN 34823 2631 4 the the DT 34823 2631 5 volume volume NN 34823 2631 6 of of IN 34823 2631 7 trade trade NN 34823 2631 8 in in IN 34823 2631 9 the the DT 34823 2631 10 year year NN 34823 2631 11 1909 1909 CD 34823 2631 12 is be VBZ 34823 2631 13 $ $ $ 34823 2631 14 387,000,000,000.00 387,000,000,000.00 CD 34823 2631 15 , , , 34823 2631 16 three three CD 34823 2631 17 hundred hundred CD 34823 2631 18 and and CC 34823 2631 19 eighty eighty CD 34823 2631 20 - - HYPH 34823 2631 21 seven seven CD 34823 2631 22 billions billion NNS 34823 2631 23 of of IN 34823 2631 24 dollars dollar NNS 34823 2631 25 ! ! . 34823 2632 1 This this DT 34823 2632 2 figure figure NN 34823 2632 3 is be VBZ 34823 2632 4 reached reach VBN 34823 2632 5 by by IN 34823 2632 6 equating equate VBG 34823 2632 7 the the DT 34823 2632 8 figures figure NNS 34823 2632 9 he -PRON- PRP 34823 2632 10 has have VBZ 34823 2632 11 reached reach VBN 34823 2632 12 for for IN 34823 2632 13 MV MV NNP 34823 2632 14 plus plus CC 34823 2632 15 M´V m´v NN 34823 2632 16 ´ ´ CD 34823 2632 17 to to IN 34823 2632 18 PT PT NNP 34823 2632 19 , , , 34823 2632 20 and and CC 34823 2632 21 assuming assume VBG 34823 2632 22 P p NN 34823 2632 23 to to TO 34823 2632 24 be be VB 34823 2632 25 one one CD 34823 2632 26 dollar dollar NN 34823 2632 27 , , , 34823 2632 28 by by IN 34823 2632 29 making make VBG 34823 2632 30 the the DT 34823 2632 31 " " `` 34823 2632 32 unit unit NN 34823 2632 33 " " '' 34823 2632 34 of of IN 34823 2632 35 T T NNP 34823 2632 36 , , , 34823 2632 37 arbitrarily arbitrarily RB 34823 2632 38 , , , 34823 2632 39 a a DT 34823 2632 40 dollar dollar NN 34823 2632 41 's 's POS 34823 2632 42 worth worth NN 34823 2632 43 of of IN 34823 2632 44 each each DT 34823 2632 45 sort sort NN 34823 2632 46 of of IN 34823 2632 47 commodity commodity NN 34823 2632 48 , , , 34823 2632 49 at at IN 34823 2632 50 the the DT 34823 2632 51 prices price NNS 34823 2632 52 of of IN 34823 2632 53 1909 1909 CD 34823 2632 54 . . . 34823 2633 1 I -PRON- PRP 34823 2633 2 have have VBP 34823 2633 3 already already RB 34823 2633 4 commented comment VBN 34823 2633 5 on on IN 34823 2633 6 the the DT 34823 2633 7 legitimacy legitimacy NN 34823 2633 8 of of IN 34823 2633 9 this this DT 34823 2633 10 method method NN 34823 2633 11 of of IN 34823 2633 12 summarizing summarize VBG 34823 2633 13 T,[246 T,[246 NNP 34823 2633 14 ] ] -RRB- 34823 2633 15 and and CC 34823 2633 16 need nee MD 34823 2633 17 not not RB 34823 2633 18 say say VB 34823 2633 19 more more JJR 34823 2633 20 here here RB 34823 2633 21 , , , 34823 2633 22 beyond beyond IN 34823 2633 23 calling call VBG 34823 2633 24 attention attention NN 34823 2633 25 to to IN 34823 2633 26 the the DT 34823 2633 27 fact fact NN 34823 2633 28 that that IN 34823 2633 29 " " `` 34823 2633 30 volume volume NN 34823 2633 31 of of IN 34823 2633 32 trade trade NN 34823 2633 33 , , , 34823 2633 34 " " '' 34823 2633 35 as as IN 34823 2633 36 commonly commonly RB 34823 2633 37 used use VBN 34823 2633 38 , , , 34823 2633 39 does do VBZ 34823 2633 40 in in IN 34823 2633 41 fact fact NN 34823 2633 42 mean mean VB 34823 2633 43 , , , 34823 2633 44 not not RB 34823 2633 45 T t NN 34823 2633 46 alone alone RB 34823 2633 47 , , , 34823 2633 48 but but CC 34823 2633 49 PT PT NNP 34823 2633 50 . . . 34823 2634 1 Fisher fisher NN 34823 2634 2 for for IN 34823 2634 3 years year NNS 34823 2634 4 other other JJ 34823 2634 5 than than IN 34823 2634 6 1909 1909 CD 34823 2634 7 , , , 34823 2634 8 however however RB 34823 2634 9 , , , 34823 2634 10 makes make VBZ 34823 2634 11 use use NN 34823 2634 12 of of IN 34823 2634 13 a a DT 34823 2634 14 different different JJ 34823 2634 15 method method NN 34823 2634 16 of of IN 34823 2634 17 getting get VBG 34823 2634 18 at at IN 34823 2634 19 T t NN 34823 2634 20 : : : 34823 2634 21 he -PRON- PRP 34823 2634 22 takes take VBZ 34823 2634 23 certain certain JJ 34823 2634 24 indicia indicia NN 34823 2634 25 of of IN 34823 2634 26 _ _ NNP 34823 2634 27 relative relative JJ 34823 2634 28 _ _ NNP 34823 2634 29 amounts amount NNS 34823 2634 30 of of IN 34823 2634 31 trade trade NN 34823 2634 32 , , , 34823 2634 33 compares compare VBZ 34823 2634 34 them -PRON- PRP 34823 2634 35 with with IN 34823 2634 36 the the DT 34823 2634 37 same same JJ 34823 2634 38 indicia indicia NN 34823 2634 39 for for IN 34823 2634 40 1909 1909 CD 34823 2634 41 , , , 34823 2634 42 and and CC 34823 2634 43 estimates estimate VBZ 34823 2634 44 the the DT 34823 2634 45 trade trade NN 34823 2634 46 for for IN 34823 2634 47 other other JJ 34823 2634 48 years year NNS 34823 2634 49 as as IN 34823 2634 50 being be VBG 34823 2634 51 such such PDT 34823 2634 52 a a DT 34823 2634 53 percentage percentage NN 34823 2634 54 of of IN 34823 2634 55 the the DT 34823 2634 56 trade trade NN 34823 2634 57 for for IN 34823 2634 58 1909 1909 CD 34823 2634 59 as as IN 34823 2634 60 their -PRON- PRP$ 34823 2634 61 indicia indicia NN 34823 2634 62 are be VBP 34823 2634 63 of of IN 34823 2634 64 the the DT 34823 2634 65 indicia indicia NNP 34823 2634 66 of of IN 34823 2634 67 1909 1909 CD 34823 2634 68 . . . 34823 2635 1 The the DT 34823 2635 2 indicia indicia NN 34823 2635 3 chosen choose VBN 34823 2635 4 are be VBP 34823 2635 5 : : : 34823 2635 6 ( ( -LRB- 34823 2635 7 1 1 LS 34823 2635 8 ) ) -RRB- 34823 2635 9 quantities quantity NNS 34823 2635 10 of of IN 34823 2635 11 certain certain JJ 34823 2635 12 commodities commodity NNS 34823 2635 13 , , , 34823 2635 14 cotton cotton NN 34823 2635 15 , , , 34823 2635 16 fruit fruit NN 34823 2635 17 , , , 34823 2635 18 cattle cattle NNS 34823 2635 19 , , , 34823 2635 20 etc etc FW 34823 2635 21 . . FW 34823 2635 22 , , , 34823 2635 23 _ _ NNP 34823 2635 24 received receive VBD 34823 2635 25 at at IN 34823 2635 26 _ _ NNP 34823 2635 27 principal principal JJ 34823 2635 28 cities city NNS 34823 2635 29 of of IN 34823 2635 30 the the DT 34823 2635 31 United United NNP 34823 2635 32 States States NNP 34823 2635 33 , , , 34823 2635 34 taken take VBN 34823 2635 35 as as IN 34823 2635 36 typical typical JJ 34823 2635 37 of of IN 34823 2635 38 the the DT 34823 2635 39 variations variation NNS 34823 2635 40 of of IN 34823 2635 41 the the DT 34823 2635 42 internal internal JJ 34823 2635 43 _ _ NNP 34823 2635 44 commerce commerce NNP 34823 2635 45 _ _ NNP 34823 2635 46 of of IN 34823 2635 47 the the DT 34823 2635 48 United United NNP 34823 2635 49 States States NNP 34823 2635 50 ; ; : 34823 2635 51 ( ( -LRB- 34823 2635 52 2 2 LS 34823 2635 53 ) ) -RRB- 34823 2635 54 quantities quantity NNS 34823 2635 55 of of IN 34823 2635 56 23 23 CD 34823 2635 57 articles article NNS 34823 2635 58 of of IN 34823 2635 59 import import NN 34823 2635 60 and and CC 34823 2635 61 25 25 CD 34823 2635 62 articles article NNS 34823 2635 63 of of IN 34823 2635 64 export export NN 34823 2635 65 , , , 34823 2635 66 for for IN 34823 2635 67 each each DT 34823 2635 68 year year NN 34823 2635 69 , , , 34823 2635 70 taken take VBN 34823 2635 71 as as IN 34823 2635 72 typical typical JJ 34823 2635 73 of of IN 34823 2635 74 variations variation NNS 34823 2635 75 in in IN 34823 2635 76 the the DT 34823 2635 77 foreign foreign JJ 34823 2635 78 trade trade NN 34823 2635 79 of of IN 34823 2635 80 the the DT 34823 2635 81 United United NNP 34823 2635 82 States States NNP 34823 2635 83 ; ; : 34823 2635 84 ( ( -LRB- 34823 2635 85 3 3 LS 34823 2635 86 ) ) -RRB- 34823 2635 87 sales sale NNS 34823 2635 88 of of IN 34823 2635 89 stocks stock NNS 34823 2635 90 . . . 34823 2636 1 These these DT 34823 2636 2 three three CD 34823 2636 3 indicia indicia NN 34823 2636 4 , , , 34823 2636 5 weighted weight VBD 34823 2636 6 in in IN 34823 2636 7 a a DT 34823 2636 8 manner manner NN 34823 2636 9 to to TO 34823 2636 10 be be VB 34823 2636 11 described describe VBN 34823 2636 12 in in IN 34823 2636 13 a a DT 34823 2636 14 moment moment NN 34823 2636 15 , , , 34823 2636 16 are be VBP 34823 2636 17 then then RB 34823 2636 18 averaged average VBN 34823 2636 19 . . . 34823 2637 1 There there EX 34823 2637 2 is be VBZ 34823 2637 3 a a DT 34823 2637 4 second second JJ 34823 2637 5 element element NN 34823 2637 6 in in IN 34823 2637 7 the the DT 34823 2637 8 index index NN 34823 2637 9 , , , 34823 2637 10 made make VBN 34823 2637 11 up up RP 34823 2637 12 by by IN 34823 2637 13 taking take VBG 34823 2637 14 the the DT 34823 2637 15 figures figure NNS 34823 2637 16 for for IN 34823 2637 17 railroad railroad NN 34823 2637 18 _ _ NNP 34823 2637 19 tonnage tonnage NN 34823 2637 20 _ _ NNP 34823 2637 21 , , , 34823 2637 22 and and CC 34823 2637 23 the the DT 34823 2637 24 figures figure NNS 34823 2637 25 for for IN 34823 2637 26 _ _ NNP 34823 2637 27 receipts receipt NNS 34823 2637 28 on on IN 34823 2637 29 first first JJ 34823 2637 30 class class NN 34823 2637 31 mail mail NN 34823 2637 32 _ _ NNP 34823 2637 33 , , , 34823 2637 34 which which WDT 34823 2637 35 are be VBP 34823 2637 36 averaged average VBN 34823 2637 37 . . . 34823 2638 1 The the DT 34823 2638 2 first first JJ 34823 2638 3 average average NN 34823 2638 4 and and CC 34823 2638 5 the the DT 34823 2638 6 second second JJ 34823 2638 7 average average NN 34823 2638 8 are be VBP 34823 2638 9 then then RB 34823 2638 10 combined combine VBN 34823 2638 11 into into IN 34823 2638 12 a a DT 34823 2638 13 third third JJ 34823 2638 14 average average NN 34823 2638 15 , , , 34823 2638 16 which which WDT 34823 2638 17 is be VBZ 34823 2638 18 the the DT 34823 2638 19 final final JJ 34823 2638 20 index index NN 34823 2638 21 . . . 34823 2639 1 The the DT 34823 2639 2 relation relation NN 34823 2639 3 between between IN 34823 2639 4 this this DT 34823 2639 5 index index NN 34823 2639 6 for for IN 34823 2639 7 every every DT 34823 2639 8 year year NN 34823 2639 9 other other JJ 34823 2639 10 than than IN 34823 2639 11 1909 1909 CD 34823 2639 12 and and CC 34823 2639 13 the the DT 34823 2639 14 same same JJ 34823 2639 15 index index NN 34823 2639 16 for for IN 34823 2639 17 the the DT 34823 2639 18 year year NN 34823 2639 19 1909 1909 CD 34823 2639 20 determines determine VBZ 34823 2639 21 the the DT 34823 2639 22 amount amount NN 34823 2639 23 of of IN 34823 2639 24 T t NN 34823 2639 25 for for IN 34823 2639 26 each each DT 34823 2639 27 year year NN 34823 2639 28 -- -- : 34823 2639 29 the the DT 34823 2639 30 two two CD 34823 2639 31 indicia indicia NN 34823 2639 32 , , , 34823 2639 33 together together RB 34823 2639 34 with with IN 34823 2639 35 the the DT 34823 2639 36 figure figure NN 34823 2639 37 , , , 34823 2639 38 $ $ $ 34823 2639 39 387,000,000,000.00 387,000,000,000.00 CD 34823 2639 40 , , , 34823 2639 41 giving give VBG 34823 2639 42 the the DT 34823 2639 43 required require VBN 34823 2639 44 amount amount NN 34823 2639 45 by by IN 34823 2639 46 the the DT 34823 2639 47 " " `` 34823 2639 48 rule rule NN 34823 2639 49 of of IN 34823 2639 50 three three CD 34823 2639 51 . . . 34823 2639 52 " " '' 34823 2640 1 I -PRON- PRP 34823 2640 2 shall shall MD 34823 2640 3 not not RB 34823 2640 4 go go VB 34823 2640 5 into into IN 34823 2640 6 details detail NNS 34823 2640 7 with with IN 34823 2640 8 the the DT 34823 2640 9 method method NN 34823 2640 10 of of IN 34823 2640 11 constructing construct VBG 34823 2640 12 these these DT 34823 2640 13 averages average NNS 34823 2640 14 , , , 34823 2640 15 but but CC 34823 2640 16 I -PRON- PRP 34823 2640 17 wish wish VBP 34823 2640 18 to to TO 34823 2640 19 make make VB 34823 2640 20 clear clear JJ 34823 2640 21 the the DT 34823 2640 22 comparative comparative JJ 34823 2640 23 _ _ NNP 34823 2640 24 weight weight NN 34823 2640 25 _ _ NNP 34823 2640 26 given give VBN 34823 2640 27 to to IN 34823 2640 28 each each DT 34823 2640 29 element element NN 34823 2640 30 in in IN 34823 2640 31 the the DT 34823 2640 32 final final JJ 34823 2640 33 index index NN 34823 2640 34 : : : 34823 2640 35 The the DT 34823 2640 36 first first JJ 34823 2640 37 three three CD 34823 2640 38 elements element NNS 34823 2640 39 count count NNP 34823 2640 40 _ _ NNP 34823 2640 41 twice twice RB 34823 2640 42 _ _ NNP 34823 2640 43 as as RB 34823 2640 44 heavily heavily RB 34823 2640 45 as as IN 34823 2640 46 the the DT 34823 2640 47 last last JJ 34823 2640 48 two two CD 34823 2640 49 , , , 34823 2640 50 and and CC 34823 2640 51 so so RB 34823 2640 52 constitute constitute VB 34823 2640 53 the the DT 34823 2640 54 biggest big JJS 34823 2640 55 factor factor NN 34823 2640 56 . . . 34823 2641 1 In in IN 34823 2641 2 the the DT 34823 2641 3 first first JJ 34823 2641 4 average average NN 34823 2641 5 , , , 34823 2641 6 based base VBN 34823 2641 7 on on IN 34823 2641 8 the the DT 34823 2641 9 first first JJ 34823 2641 10 three three CD 34823 2641 11 elements element NNS 34823 2641 12 , , , 34823 2641 13 the the DT 34823 2641 14 item item NN 34823 2641 15 taken take VBN 34823 2641 16 as as IN 34823 2641 17 typical typical JJ 34823 2641 18 of of IN 34823 2641 19 internal internal JJ 34823 2641 20 trade trade NN 34823 2641 21 is be VBZ 34823 2641 22 _ _ NNP 34823 2641 23 weighted weight VBD 34823 2641 24 by by IN 34823 2641 25 20 20 CD 34823 2641 26 _ _ NNP 34823 2641 27 , , , 34823 2641 28 the the DT 34823 2641 29 item item NN 34823 2641 30 taken take VBN 34823 2641 31 as as IN 34823 2641 32 typical typical JJ 34823 2641 33 of of IN 34823 2641 34 foreign foreign JJ 34823 2641 35 trade trade NN 34823 2641 36 is be VBZ 34823 2641 37 _ _ NNP 34823 2641 38 weighted weight VBD 34823 2641 39 by by IN 34823 2641 40 3 3 CD 34823 2641 41 _ _ NNP 34823 2641 42 , , , 34823 2641 43 and and CC 34823 2641 44 sale sale NN 34823 2641 45 of of IN 34823 2641 46 stocks stock NNS 34823 2641 47 _ _ NNP 34823 2641 48 by by IN 34823 2641 49 1 1 CD 34823 2641 50 _ _ NNP 34823 2641 51 . . . 34823 2642 1 It -PRON- PRP 34823 2642 2 appears appear VBZ 34823 2642 3 from from IN 34823 2642 4 Fisher Fisher NNP 34823 2642 5 's 's POS 34823 2642 6 figures figure NNS 34823 2642 7 ( ( -LRB- 34823 2642 8 p. p. NN 34823 2642 9 479 479 CD 34823 2642 10 ) ) -RRB- 34823 2642 11 , , , 34823 2642 12 that that IN 34823 2642 13 the the DT 34823 2642 14 one one NN 34823 2642 15 really really RB 34823 2642 16 big big JJ 34823 2642 17 _ _ NNP 34823 2642 18 variable variable JJ 34823 2642 19 _ _ NNP 34823 2642 20 among among IN 34823 2642 21 all all PDT 34823 2642 22 the the DT 34823 2642 23 indicia indicia NN 34823 2642 24 is be VBZ 34823 2642 25 the the DT 34823 2642 26 sale sale NN 34823 2642 27 of of IN 34823 2642 28 stocks stock NNS 34823 2642 29 , , , 34823 2642 30 but but CC 34823 2642 31 the the DT 34823 2642 32 weight weight NN 34823 2642 33 given give VBN 34823 2642 34 it -PRON- PRP 34823 2642 35 is be VBZ 34823 2642 36 so so RB 34823 2642 37 small small JJ 34823 2642 38 that that IN 34823 2642 39 it -PRON- PRP 34823 2642 40 makes make VBZ 34823 2642 41 virtually virtually RB 34823 2642 42 no no DT 34823 2642 43 difference difference NN 34823 2642 44 in in IN 34823 2642 45 the the DT 34823 2642 46 final final JJ 34823 2642 47 result result NN 34823 2642 48 . . . 34823 2643 1 Thus thus RB 34823 2643 2 , , , 34823 2643 3 as as IN 34823 2643 4 between between IN 34823 2643 5 1898 1898 CD 34823 2643 6 and and CC 34823 2643 7 1899 1899 CD 34823 2643 8 , , , 34823 2643 9 stock stock NN 34823 2643 10 sales sale NNS 34823 2643 11 increased increase VBD 34823 2643 12 over over IN 34823 2643 13 50 50 CD 34823 2643 14 % % NN 34823 2643 15 , , , 34823 2643 16 but but CC 34823 2643 17 total total JJ 34823 2643 18 trade trade NN 34823 2643 19 , , , 34823 2643 20 as as IN 34823 2643 21 shown show VBN 34823 2643 22 by by IN 34823 2643 23 Fisher Fisher NNP 34823 2643 24 , , , 34823 2643 25 increased increase VBD 34823 2643 26 only only RB 34823 2643 27 5 5 CD 34823 2643 28 % % NN 34823 2643 29 . . . 34823 2644 1 In in IN 34823 2644 2 the the DT 34823 2644 3 following following JJ 34823 2644 4 year year NN 34823 2644 5 , , , 34823 2644 6 stock stock NN 34823 2644 7 sales sale NNS 34823 2644 8 _ _ NNP 34823 2644 9 decreased decrease VBD 34823 2644 10 _ _ NNP 34823 2644 11 over over IN 34823 2644 12 21 21 CD 34823 2644 13 % % NN 34823 2644 14 , , , 34823 2644 15 but but CC 34823 2644 16 total total JJ 34823 2644 17 trade trade NN 34823 2644 18 , , , 34823 2644 19 on on IN 34823 2644 20 Fisher Fisher NNP 34823 2644 21 's 's POS 34823 2644 22 figures figure NNS 34823 2644 23 , , , 34823 2644 24 _ _ NNP 34823 2644 25 increased increase VBD 34823 2644 26 _ _ NNP 34823 2644 27 . . . 34823 2645 1 The the DT 34823 2645 2 following following JJ 34823 2645 3 year year NN 34823 2645 4 , , , 34823 2645 5 1901 1901 CD 34823 2645 6 , , , 34823 2645 7 stock stock NN 34823 2645 8 sales sale NNS 34823 2645 9 virtually virtually RB 34823 2645 10 doubled double VBD 34823 2645 11 , , , 34823 2645 12 but but CC 34823 2645 13 Fisher Fisher NNP 34823 2645 14 's 's POS 34823 2645 15 final final JJ 34823 2645 16 figure figure NN 34823 2645 17 shows show VBZ 34823 2645 18 only only RB 34823 2645 19 an an DT 34823 2645 20 increase increase NN 34823 2645 21 around around IN 34823 2645 22 13 13 CD 34823 2645 23 % % NN 34823 2645 24 . . . 34823 2646 1 Two two CD 34823 2646 2 years year NNS 34823 2646 3 later later RB 34823 2646 4 , , , 34823 2646 5 in in IN 34823 2646 6 1903 1903 CD 34823 2646 7 , , , 34823 2646 8 stock stock NN 34823 2646 9 sales sale NNS 34823 2646 10 fell fall VBD 34823 2646 11 off off RP 34823 2646 12 about about RB 34823 2646 13 40 40 CD 34823 2646 14 % % NN 34823 2646 15 , , , 34823 2646 16 from from IN 34823 2646 17 the the DT 34823 2646 18 figures figure NNS 34823 2646 19 for for IN 34823 2646 20 1901 1901 CD 34823 2646 21 , , , 34823 2646 22 but but CC 34823 2646 23 again again RB 34823 2646 24 , , , 34823 2646 25 as as IN 34823 2646 26 compared compare VBN 34823 2646 27 with with IN 34823 2646 28 1901 1901 CD 34823 2646 29 , , , 34823 2646 30 total total JJ 34823 2646 31 trade trade NN 34823 2646 32 on on IN 34823 2646 33 Fisher Fisher NNP 34823 2646 34 's 's POS 34823 2646 35 figures figure NNS 34823 2646 36 shows show VBZ 34823 2646 37 an an DT 34823 2646 38 appreciable appreciable JJ 34823 2646 39 gain gain NN 34823 2646 40 . . . 34823 2647 1 The the DT 34823 2647 2 influence influence NN 34823 2647 3 of of IN 34823 2647 4 stock stock NN 34823 2647 5 sales sale NNS 34823 2647 6 on on IN 34823 2647 7 Fisher Fisher NNP 34823 2647 8 's 's POS 34823 2647 9 index index NN 34823 2647 10 is be VBZ 34823 2647 11 , , , 34823 2647 12 virtually virtually RB 34823 2647 13 , , , 34823 2647 14 negligible negligible JJ 34823 2647 15 . . . 34823 2648 1 The the DT 34823 2648 2 dominating dominating JJ 34823 2648 3 factor factor NN 34823 2648 4 is be VBZ 34823 2648 5 the the DT 34823 2648 6 _ _ NNP 34823 2648 7 receipts receipt NNS 34823 2648 8 _ _ NNP 34823 2648 9 of of IN 34823 2648 10 selected select VBN 34823 2648 11 staples staple NNS 34823 2648 12 , , , 34823 2648 13 cattle cattle NNS 34823 2648 14 , , , 34823 2648 15 cotton cotton NN 34823 2648 16 , , , 34823 2648 17 rice rice NN 34823 2648 18 , , , 34823 2648 19 pig pig NN 34823 2648 20 iron iron NN 34823 2648 21 , , , 34823 2648 22 etc etc FW 34823 2648 23 . . FW 34823 2648 24 , , , 34823 2648 25 in in IN 34823 2648 26 the the DT 34823 2648 27 principal principal JJ 34823 2648 28 cities city NNS 34823 2648 29 of of IN 34823 2648 30 the the DT 34823 2648 31 United United NNP 34823 2648 32 States States NNP 34823 2648 33 . . . 34823 2649 1 There there EX 34823 2649 2 is be VBZ 34823 2649 3 not not RB 34823 2649 4 a a DT 34823 2649 5 _ _ NNP 34823 2649 6 single single JJ 34823 2649 7 year year NN 34823 2649 8 _ _ NNP 34823 2649 9 in in IN 34823 2649 10 which which WDT 34823 2649 11 his -PRON- PRP$ 34823 2649 12 final final JJ 34823 2649 13 figure figure NN 34823 2649 14 for for IN 34823 2649 15 T t NN 34823 2649 16 does do VBZ 34823 2649 17 not not RB 34823 2649 18 move move VB 34823 2649 19 in in IN 34823 2649 20 harmony harmony NN 34823 2649 21 with with IN 34823 2649 22 this this DT 34823 2649 23 factor factor NN 34823 2649 24 ( ( -LRB- 34823 2649 25 p. p. NN 34823 2649 26 479 479 CD 34823 2649 27 ) ) -RRB- 34823 2649 28 . . . 34823 2650 1 He -PRON- PRP 34823 2650 2 gets get VBZ 34823 2650 3 , , , 34823 2650 4 thus thus RB 34823 2650 5 , , , 34823 2650 6 for for IN 34823 2650 7 the the DT 34823 2650 8 volume volume NN 34823 2650 9 of of IN 34823 2650 10 trade trade NN 34823 2650 11 through through IN 34823 2650 12 the the DT 34823 2650 13 fourteen fourteen CD 34823 2650 14 years year NNS 34823 2650 15 under under IN 34823 2650 16 consideration consideration NN 34823 2650 17 , , , 34823 2650 18 a a DT 34823 2650 19 surprising surprising JJ 34823 2650 20 steadiness steadiness NN 34823 2650 21 , , , 34823 2650 22 and and CC 34823 2650 23 a a DT 34823 2650 24 pretty pretty JJ 34823 2650 25 uniform uniform JJ 34823 2650 26 progressive progressive JJ 34823 2650 27 development development NN 34823 2650 28 . . . 34823 2651 1 In in IN 34823 2651 2 defence[247 defence[247 NNP 34823 2651 3 ] ] -RRB- 34823 2651 4 of of IN 34823 2651 5 his -PRON- PRP$ 34823 2651 6 method method NN 34823 2651 7 of of IN 34823 2651 8 weighting weighting NN 34823 2651 9 , , , 34823 2651 10 Fisher Fisher NNP 34823 2651 11 says say VBZ 34823 2651 12 , , , 34823 2651 13 simply simply RB 34823 2651 14 : : : 34823 2651 15 " " `` 34823 2651 16 These these DT 34823 2651 17 weights weight NNS 34823 2651 18 are be VBP 34823 2651 19 , , , 34823 2651 20 of of IN 34823 2651 21 course course NN 34823 2651 22 , , , 34823 2651 23 merely merely RB 34823 2651 24 matters matter NNS 34823 2651 25 of of IN 34823 2651 26 opinion opinion NN 34823 2651 27 , , , 34823 2651 28 but but CC 34823 2651 29 , , , 34823 2651 30 as as IN 34823 2651 31 is be VBZ 34823 2651 32 well well RB 34823 2651 33 known know VBN 34823 2651 34 , , , 34823 2651 35 _ _ NNP 34823 2651 36 wide wide JJ 34823 2651 37 differences difference NNS 34823 2651 38 in in IN 34823 2651 39 systems system NNS 34823 2651 40 of of IN 34823 2651 41 weighting weighting NN 34823 2651 42 make make VBP 34823 2651 43 only only RB 34823 2651 44 slight slight JJ 34823 2651 45 differences difference NNS 34823 2651 46 in in IN 34823 2651 47 the the DT 34823 2651 48 final final JJ 34823 2651 49 averages average NNS 34823 2651 50 _ _ NNP 34823 2651 51 . . . 34823 2651 52 " " '' 34823 2652 1 ( ( -LRB- 34823 2652 2 Italics italic NNS 34823 2652 3 mine mine NN 34823 2652 4 . . . 34823 2653 1 ) ) -RRB- 34823 2653 2 [ [ -LRB- 34823 2653 3 248 248 CD 34823 2653 4 ] ] -RRB- 34823 2653 5 Are be VBP 34823 2653 6 these these DT 34823 2653 7 figures figure NNS 34823 2653 8 valid valid JJ 34823 2653 9 ? ? . 34823 2654 1 Well well UH 34823 2654 2 , , , 34823 2654 3 first first RB 34823 2654 4 one one CD 34823 2654 5 is be VBZ 34823 2654 6 struck strike VBN 34823 2654 7 with with IN 34823 2654 8 the the DT 34823 2654 9 absolute absolute JJ 34823 2654 10 magnitude magnitude NN 34823 2654 11 assigned assign VBN 34823 2654 12 to to IN 34823 2654 13 T. t. NN 34823 2654 14 The the DT 34823 2654 15 figures figure NNS 34823 2654 16 seem seem VBP 34823 2654 17 vastly vastly RB 34823 2654 18 greater great JJR 34823 2654 19 than than IN 34823 2654 20 would would MD 34823 2654 21 have have VB 34823 2654 22 been be VBN 34823 2654 23 anticipated anticipate VBN 34823 2654 24 . . . 34823 2655 1 The the DT 34823 2655 2 method method NN 34823 2655 3 of of IN 34823 2655 4 calculating calculate VBG 34823 2655 5 it -PRON- PRP 34823 2655 6 , , , 34823 2655 7 for for IN 34823 2655 8 1909 1909 CD 34823 2655 9 , , , 34823 2655 10 I -PRON- PRP 34823 2655 11 shall shall MD 34823 2655 12 discuss discuss VB 34823 2655 13 in in IN 34823 2655 14 detail detail NN 34823 2655 15 in in IN 34823 2655 16 the the DT 34823 2655 17 chapter chapter NN 34823 2655 18 on on IN 34823 2655 19 " " `` 34823 2655 20 Statistical Statistical NNP 34823 2655 21 Demonstrations Demonstrations NNPS 34823 2655 22 of of IN 34823 2655 23 the the DT 34823 2655 24 Quantity Quantity NNP 34823 2655 25 Theory Theory NNP 34823 2655 26 . . . 34823 2655 27 " " '' 34823 2656 1 For for IN 34823 2656 2 the the DT 34823 2656 3 present present NN 34823 2656 4 , , , 34823 2656 5 it -PRON- PRP 34823 2656 6 is be VBZ 34823 2656 7 enough enough JJ 34823 2656 8 to to TO 34823 2656 9 note note VB 34823 2656 10 that that IN 34823 2656 11 the the DT 34823 2656 12 absolute absolute JJ 34823 2656 13 magnitude magnitude NN 34823 2656 14 is be VBZ 34823 2656 15 derived derive VBN 34823 2656 16 from from IN 34823 2656 17 figures figure NNS 34823 2656 18 collected collect VBN 34823 2656 19 by by IN 34823 2656 20 Dean Dean NNP 34823 2656 21 David David NNP 34823 2656 22 Kinley Kinley NNP 34823 2656 23 for for IN 34823 2656 24 the the DT 34823 2656 25 National National NNP 34823 2656 26 Monetary Monetary NNP 34823 2656 27 Commission,[249 Commission,[249 NNP 34823 2656 28 ] ] -RRB- 34823 2656 29 of of IN 34823 2656 30 deposits deposit NNS 34823 2656 31 , , , 34823 2656 32 exclusive exclusive JJ 34823 2656 33 of of IN 34823 2656 34 deposits deposit NNS 34823 2656 35 made make VBN 34823 2656 36 by by IN 34823 2656 37 one one CD 34823 2656 38 bank bank NN 34823 2656 39 in in IN 34823 2656 40 another another DT 34823 2656 41 , , , 34823 2656 42 made make VBN 34823 2656 43 in in IN 34823 2656 44 about about RB 34823 2656 45 12,000 12,000 CD 34823 2656 46 banks bank NNS 34823 2656 47 ( ( -LRB- 34823 2656 48 out out IN 34823 2656 49 of of IN 34823 2656 50 25,000 25,000 CD 34823 2656 51 ) ) -RRB- 34823 2656 52 on on IN 34823 2656 53 March March NNP 34823 2656 54 16 16 CD 34823 2656 55 , , , 34823 2656 56 1909 1909 CD 34823 2656 57 . . . 34823 2657 1 These these DT 34823 2657 2 deposits deposit NNS 34823 2657 3 were be VBD 34823 2657 4 classified classify VBN 34823 2657 5 as as IN 34823 2657 6 ( ( -LRB- 34823 2657 7 1 1 LS 34823 2657 8 ) ) -RRB- 34823 2657 9 money money NN 34823 2657 10 ( ( -LRB- 34823 2657 11 with with IN 34823 2657 12 subdivisions subdivision NNS 34823 2657 13 ) ) -RRB- 34823 2657 14 and and CC 34823 2657 15 ( ( -LRB- 34823 2657 16 2 2 LS 34823 2657 17 ) ) -RRB- 34823 2657 18 checks check NNS 34823 2657 19 and and CC 34823 2657 20 other other JJ 34823 2657 21 credit credit NN 34823 2657 22 instruments instrument NNS 34823 2657 23 . . . 34823 2658 1 A a DT 34823 2658 2 cross cross JJ 34823 2658 3 - - NN 34823 2658 4 classification classification NN 34823 2658 5 divided divide VBD 34823 2658 6 them -PRON- PRP 34823 2658 7 into into IN 34823 2658 8 ( ( -LRB- 34823 2658 9 1 1 LS 34823 2658 10 ) ) -RRB- 34823 2658 11 retail retail JJ 34823 2658 12 deposits deposit NNS 34823 2658 13 ; ; : 34823 2658 14 ( ( -LRB- 34823 2658 15 2 2 LS 34823 2658 16 ) ) -RRB- 34823 2658 17 wholesale wholesale JJ 34823 2658 18 deposits deposit NNS 34823 2658 19 ; ; : 34823 2658 20 ( ( -LRB- 34823 2658 21 3 3 LS 34823 2658 22 ) ) -RRB- 34823 2658 23 all all DT 34823 2658 24 other other JJ 34823 2658 25 deposits deposit NNS 34823 2658 26 . . . 34823 2659 1 Kinley Kinley NNP 34823 2659 2 's 's POS 34823 2659 3 object object NN 34823 2659 4 was be VBD 34823 2659 5 to to TO 34823 2659 6 determine determine VB 34823 2659 7 the the DT 34823 2659 8 extent extent NN 34823 2659 9 to to TO 34823 2659 10 which which WDT 34823 2659 11 checks check NNS 34823 2659 12 are be VBP 34823 2659 13 used use VBN 34823 2659 14 , , , 34823 2659 15 as as IN 34823 2659 16 compared compare VBN 34823 2659 17 with with IN 34823 2659 18 money money NN 34823 2659 19 , , , 34823 2659 20 in in IN 34823 2659 21 payments payment NNS 34823 2659 22 , , , 34823 2659 23 particularly particularly RB 34823 2659 24 in in IN 34823 2659 25 wholesale wholesale JJ 34823 2659 26 and and CC 34823 2659 27 retail retail JJ 34823 2659 28 business business NN 34823 2659 29 . . . 34823 2660 1 Fisher Fisher NNP 34823 2660 2 's 's POS 34823 2660 3 total total NN 34823 2660 4 , , , 34823 2660 5 briefly briefly RB 34823 2660 6 , , , 34823 2660 7 was be VBD 34823 2660 8 obtained obtain VBN 34823 2660 9 as as IN 34823 2660 10 follows follow VBZ 34823 2660 11 : : : 34823 2660 12 Kinley Kinley NNP 34823 2660 13 's 's POS 34823 2660 14 figures figure NNS 34823 2660 15 , , , 34823 2660 16 for for IN 34823 2660 17 the the DT 34823 2660 18 one one CD 34823 2660 19 day day NN 34823 2660 20 , , , 34823 2660 21 were be VBD 34823 2660 22 increased increase VBN 34823 2660 23 to to TO 34823 2660 24 make make VB 34823 2660 25 an an DT 34823 2660 26 allowance allowance NN 34823 2660 27 for for IN 34823 2660 28 the the DT 34823 2660 29 non non JJ 34823 2660 30 - - JJ 34823 2660 31 reporting reporting JJ 34823 2660 32 banks bank NNS 34823 2660 33 ; ; : 34823 2660 34 they -PRON- PRP 34823 2660 35 were be VBD 34823 2660 36 further further RB 34823 2660 37 increased increase VBN 34823 2660 38 on on IN 34823 2660 39 the the DT 34823 2660 40 assumption assumption NN 34823 2660 41 that that IN 34823 2660 42 March March NNP 34823 2660 43 16 16 CD 34823 2660 44 was be VBD 34823 2660 45 below below IN 34823 2660 46 the the DT 34823 2660 47 average average NN 34823 2660 48 for for IN 34823 2660 49 the the DT 34823 2660 50 year year NN 34823 2660 51 ; ; : 34823 2660 52 the the DT 34823 2660 53 figure figure NN 34823 2660 54 finally finally RB 34823 2660 55 obtained obtain VBN 34823 2660 56 for for IN 34823 2660 57 the the DT 34823 2660 58 day day NN 34823 2660 59 was be VBD 34823 2660 60 then then RB 34823 2660 61 multiplied multiply VBN 34823 2660 62 by by IN 34823 2660 63 303 303 CD 34823 2660 64 , , , 34823 2660 65 assumed assume VBN 34823 2660 66 as as IN 34823 2660 67 the the DT 34823 2660 68 number number NN 34823 2660 69 of of IN 34823 2660 70 banking banking NN 34823 2660 71 days day NNS 34823 2660 72 in in IN 34823 2660 73 the the DT 34823 2660 74 year year NN 34823 2660 75 , , , 34823 2660 76 and and CC 34823 2660 77 the the DT 34823 2660 78 product product NN 34823 2660 79 , , , 34823 2660 80 399 399 CD 34823 2660 81 billions billion NNS 34823 2660 82 , , , 34823 2660 83 was be VBD 34823 2660 84 taken take VBN 34823 2660 85 as as IN 34823 2660 86 representing represent VBG 34823 2660 87 the the DT 34823 2660 88 total total JJ 34823 2660 89 circulation circulation NN 34823 2660 90 of of IN 34823 2660 91 money money NN 34823 2660 92 and and CC 34823 2660 93 checks check NNS 34823 2660 94 in in IN 34823 2660 95 trade trade NN 34823 2660 96 . . . 34823 2661 1 For for IN 34823 2661 2 some some DT 34823 2661 3 reason reason NN 34823 2661 4 not not RB 34823 2661 5 made make VBN 34823 2661 6 clear clear JJ 34823 2661 7 , , , 34823 2661 8 this this DT 34823 2661 9 total total NN 34823 2661 10 was be VBD 34823 2661 11 subsequently subsequently RB 34823 2661 12 reduced reduce VBN 34823 2661 13 to to IN 34823 2661 14 387 387 CD 34823 2661 15 billions billion NNS 34823 2661 16 . . . 34823 2662 1 Counting count VBG 34823 2662 2 the the DT 34823 2662 3 average average JJ 34823 2662 4 price price NN 34823 2662 5 , , , 34823 2662 6 P p NN 34823 2662 7 , , , 34823 2662 8 as as IN 34823 2662 9 $ $ $ 34823 2662 10 1 1 CD 34823 2662 11 , , , 34823 2662 12 T T NNP 34823 2662 13 was be VBD 34823 2662 14 considered consider VBN 34823 2662 15 to to TO 34823 2662 16 be be VB 34823 2662 17 387 387 CD 34823 2662 18 billions billion NNS 34823 2662 19 . . . 34823 2663 1 [ [ -LRB- 34823 2663 2 250 250 CD 34823 2663 3 ] ] -RRB- 34823 2663 4 In in IN 34823 2663 5 the the DT 34823 2663 6 statistical statistical JJ 34823 2663 7 chapter chapter NN 34823 2663 8 to to TO 34823 2663 9 follow follow VB 34823 2663 10 , , , 34823 2663 11 it -PRON- PRP 34823 2663 12 will will MD 34823 2663 13 be be VB 34823 2663 14 shown show VBN 34823 2663 15 that that IN 34823 2663 16 this this DT 34823 2663 17 estimate estimate NN 34823 2663 18 is be VBZ 34823 2663 19 a a DT 34823 2663 20 very very RB 34823 2663 21 decided decide VBN 34823 2663 22 exaggeration exaggeration NN 34823 2663 23 . . . 34823 2664 1 Deposits deposit NNS 34823 2664 2 made make VBN 34823 2664 3 in in IN 34823 2664 4 banks bank NNS 34823 2664 5 greatly greatly RB 34823 2664 6 overcount overcount VBP 34823 2664 7 trade trade NN 34823 2664 8 . . . 34823 2665 1 Very very RB 34823 2665 2 many many JJ 34823 2665 3 payments payment NNS 34823 2665 4 represent represent VBP 34823 2665 5 duplications duplication NNS 34823 2665 6 , , , 34823 2665 7 loans loan NNS 34823 2665 8 and and CC 34823 2665 9 repayments repayment NNS 34823 2665 10 , , , 34823 2665 11 taxes taxis NNS 34823 2665 12 , , , 34823 2665 13 etc etc FW 34823 2665 14 . . FW 34823 2665 15 , , , 34823 2665 16 and and CC 34823 2665 17 are be VBP 34823 2665 18 in in IN 34823 2665 19 no no DT 34823 2665 20 sense sense NN 34823 2665 21 trade trade NN 34823 2665 22 . . . 34823 2666 1 This this DT 34823 2666 2 is be VBZ 34823 2666 3 true true JJ 34823 2666 4 of of IN 34823 2666 5 all all DT 34823 2666 6 classes class NNS 34823 2666 7 of of IN 34823 2666 8 deposits deposit NNS 34823 2666 9 , , , 34823 2666 10 wholesale wholesale JJ 34823 2666 11 and and CC 34823 2666 12 retail retail JJ 34823 2666 13 , , , 34823 2666 14 as as RB 34823 2666 15 well well RB 34823 2666 16 as as IN 34823 2666 17 " " `` 34823 2666 18 all all DT 34823 2666 19 other other JJ 34823 2666 20 . . . 34823 2666 21 " " '' 34823 2667 1 But but CC 34823 2667 2 for for IN 34823 2667 3 the the DT 34823 2667 4 present present NN 34823 2667 5 , , , 34823 2667 6 I -PRON- PRP 34823 2667 7 am be VBP 34823 2667 8 concerned concern VBN 34823 2667 9 with with IN 34823 2667 10 the the DT 34823 2667 11 question question NN 34823 2667 12 , , , 34823 2667 13 not not RB 34823 2667 14 of of IN 34823 2667 15 the the DT 34823 2667 16 absolute absolute JJ 34823 2667 17 magnitude magnitude NN 34823 2667 18 of of IN 34823 2667 19 the the DT 34823 2667 20 volume volume NN 34823 2667 21 of of IN 34823 2667 22 trade trade NN 34823 2667 23 , , , 34823 2667 24 but but CC 34823 2667 25 rather rather RB 34823 2667 26 , , , 34823 2667 27 the the DT 34823 2667 28 questions question NNS 34823 2667 29 of of IN 34823 2667 30 its -PRON- PRP$ 34823 2667 31 character character NN 34823 2667 32 , , , 34823 2667 33 of of IN 34823 2667 34 the the DT 34823 2667 35 elements element NNS 34823 2667 36 that that WDT 34823 2667 37 enter enter VBP 34823 2667 38 into into IN 34823 2667 39 it -PRON- PRP 34823 2667 40 , , , 34823 2667 41 and and CC 34823 2667 42 , , , 34823 2667 43 above above IN 34823 2667 44 all all DT 34823 2667 45 , , , 34823 2667 46 of of IN 34823 2667 47 the the DT 34823 2667 48 extent extent NN 34823 2667 49 to to TO 34823 2667 50 which which WDT 34823 2667 51 it -PRON- PRP 34823 2667 52 is be VBZ 34823 2667 53 physically physically RB 34823 2667 54 determined determine VBN 34823 2667 55 by by IN 34823 2667 56 technical technical JJ 34823 2667 57 conditions condition NNS 34823 2667 58 of of IN 34823 2667 59 production production NN 34823 2667 60 , , , 34823 2667 61 and and CC 34823 2667 62 the the DT 34823 2667 63 extent extent NN 34823 2667 64 to to TO 34823 2667 65 which which WDT 34823 2667 66 it -PRON- PRP 34823 2667 67 is be VBZ 34823 2667 68 flexible flexible JJ 34823 2667 69 , , , 34823 2667 70 a a DT 34823 2667 71 matter matter NN 34823 2667 72 of of IN 34823 2667 73 speculation speculation NN 34823 2667 74 , , , 34823 2667 75 etc etc FW 34823 2667 76 . . . 34823 2668 1 We -PRON- PRP 34823 2668 2 may may MD 34823 2668 3 approach approach VB 34823 2668 4 this this DT 34823 2668 5 question question NN 34823 2668 6 from from IN 34823 2668 7 the the DT 34823 2668 8 angle angle NN 34823 2668 9 of of IN 34823 2668 10 several several JJ 34823 2668 11 bodies body NNS 34823 2668 12 of of IN 34823 2668 13 statistical statistical JJ 34823 2668 14 information information NN 34823 2668 15 . . . 34823 2669 1 First first RB 34823 2669 2 , , , 34823 2669 3 the the DT 34823 2669 4 question question NN 34823 2669 5 may may MD 34823 2669 6 be be VB 34823 2669 7 raised raise VBN 34823 2669 8 : : : 34823 2669 9 what what WP 34823 2669 10 is be VBZ 34823 2669 11 there there RB 34823 2669 12 in in IN 34823 2669 13 the the DT 34823 2669 14 country country NN 34823 2669 15 which which WDT 34823 2669 16 could could MD 34823 2669 17 be be VB 34823 2669 18 bought buy VBN 34823 2669 19 and and CC 34823 2669 20 sold sell VBN 34823 2669 21 enough enough RB 34823 2669 22 in in IN 34823 2669 23 the the DT 34823 2669 24 course course NN 34823 2669 25 of of IN 34823 2669 26 a a DT 34823 2669 27 year year NN 34823 2669 28 to to TO 34823 2669 29 give give VB 34823 2669 30 us -PRON- PRP 34823 2669 31 anything anything NN 34823 2669 32 like like UH 34823 2669 33 so so RB 34823 2669 34 great great JJ 34823 2669 35 a a DT 34823 2669 36 total total NN 34823 2669 37 ? ? . 34823 2670 1 The the DT 34823 2670 2 subtractions subtraction NNS 34823 2670 3 which which WDT 34823 2670 4 we -PRON- PRP 34823 2670 5 shall shall MD 34823 2670 6 find find VB 34823 2670 7 it -PRON- PRP 34823 2670 8 necessary necessary JJ 34823 2670 9 to to TO 34823 2670 10 make make VB 34823 2670 11 will will MD 34823 2670 12 still still RB 34823 2670 13 leave leave VB 34823 2670 14 us -PRON- PRP 34823 2670 15 an an DT 34823 2670 16 enormous enormous JJ 34823 2670 17 total total NN 34823 2670 18 . . . 34823 2671 1 The the DT 34823 2671 2 United United NNP 34823 2671 3 States States NNP 34823 2671 4 Census Census NNP 34823 2671 5 Bureau[251 Bureau[251 NNP 34823 2671 6 ] ] -RRB- 34823 2671 7 in in IN 34823 2671 8 1904 1904 CD 34823 2671 9 reached reach VBD 34823 2671 10 the the DT 34823 2671 11 conclusion conclusion NN 34823 2671 12 that that IN 34823 2671 13 the the DT 34823 2671 14 _ _ NNP 34823 2671 15 total total JJ 34823 2671 16 wealth wealth NN 34823 2671 17 _ _ NNP 34823 2671 18 of of IN 34823 2671 19 the the DT 34823 2671 20 country country NN 34823 2671 21 was be VBD 34823 2671 22 only only RB 34823 2671 23 $ $ $ 34823 2671 24 107,000,000,000 107,000,000,000 CD 34823 2671 25 . . . 34823 2672 1 Of of IN 34823 2672 2 this this DT 34823 2672 3 , , , 34823 2672 4 over over IN 34823 2672 5 $ $ $ 34823 2672 6 62,000,000,000 62,000,000,000 CD 34823 2672 7 was be VBD 34823 2672 8 in in IN 34823 2672 9 real real JJ 34823 2672 10 estate estate NN 34823 2672 11 ; ; : 34823 2672 12 $ $ $ 34823 2672 13 11,000,000,000 11,000,000,000 CD 34823 2672 14 in in IN 34823 2672 15 railroads railroad NNS 34823 2672 16 ; ; : 34823 2672 17 street street NN 34823 2672 18 railways railway NNS 34823 2672 19 , , , 34823 2672 20 over over IN 34823 2672 21 $ $ $ 34823 2672 22 2,000,000,000 2,000,000,000 CD 34823 2672 23 ; ; : 34823 2672 24 telephone telephone NN 34823 2672 25 , , , 34823 2672 26 telegraph telegraph NN 34823 2672 27 , , , 34823 2672 28 water water NN 34823 2672 29 and and CC 34823 2672 30 light light NN 34823 2672 31 , , , 34823 2672 32 and and CC 34823 2672 33 similar similar JJ 34823 2672 34 enterprises enterprise NNS 34823 2672 35 total total VBP 34823 2672 36 nearly nearly RB 34823 2672 37 $ $ $ 34823 2672 38 3,000,000,000 3,000,000,000 CD 34823 2672 39 more more JJR 34823 2672 40 . . . 34823 2673 1 None none NN 34823 2673 2 of of IN 34823 2673 3 these these DT 34823 2673 4 things thing NNS 34823 2673 5 enter enter VBP 34823 2673 6 into into IN 34823 2673 7 ordinary ordinary JJ 34823 2673 8 wholesale wholesale JJ 34823 2673 9 and and CC 34823 2673 10 retail retail JJ 34823 2673 11 trade trade NN 34823 2673 12 . . . 34823 2674 1 The the DT 34823 2674 2 items item NNS 34823 2674 3 that that WDT 34823 2674 4 one one PRP 34823 2674 5 would would MD 34823 2674 6 ordinarily ordinarily RB 34823 2674 7 think think VB 34823 2674 8 of of IN 34823 2674 9 are be VBP 34823 2674 10 agricultural agricultural JJ 34823 2674 11 products product NNS 34823 2674 12 , , , 34823 2674 13 $ $ $ 34823 2674 14 1,900,000,000 1,900,000,000 CD 34823 2674 15 ; ; : 34823 2674 16 manufactured manufacture VBN 34823 2674 17 products product NNS 34823 2674 18 , , , 34823 2674 19 $ $ $ 34823 2674 20 7,400,000,000 7,400,000,000 CD 34823 2674 21 ; ; : 34823 2674 22 mining mining NN 34823 2674 23 products product NNS 34823 2674 24 , , , 34823 2674 25 $ $ $ 34823 2674 26 400,000,000 400,000,000 CD 34823 2674 27 . . . 34823 2675 1 Can Can MD 34823 2675 2 these these DT 34823 2675 3 things thing NNS 34823 2675 4 be be VB 34823 2675 5 exchanged exchange VBN 34823 2675 6 often often RB 34823 2675 7 enough enough RB 34823 2675 8 in in IN 34823 2675 9 the the DT 34823 2675 10 course course NN 34823 2675 11 of of IN 34823 2675 12 a a DT 34823 2675 13 year year NN 34823 2675 14 to to TO 34823 2675 15 account account VB 34823 2675 16 for for IN 34823 2675 17 $ $ $ 34823 2675 18 387,000,000,000 387,000,000,000 CD 34823 2675 19 ! ! . 34823 2676 1 These these DT 34823 2676 2 figures figure NNS 34823 2676 3 are be VBP 34823 2676 4 for for IN 34823 2676 5 1904,[252 1904,[252 CD 34823 2676 6 ] ] -RRB- 34823 2676 7 whereas whereas IN 34823 2676 8 Fisher Fisher NNP 34823 2676 9 's 's POS 34823 2676 10 figures figure NNS 34823 2676 11 are be VBP 34823 2676 12 for for IN 34823 2676 13 1909 1909 CD 34823 2676 14 . . . 34823 2677 1 If if IN 34823 2677 2 the the DT 34823 2677 3 Census Census NNP 34823 2677 4 Bureau Bureau NNP 34823 2677 5 had have VBD 34823 2677 6 taken take VBN 34823 2677 7 an an DT 34823 2677 8 inventory inventory NN 34823 2677 9 in in IN 34823 2677 10 1909 1909 CD 34823 2677 11 , , , 34823 2677 12 the the DT 34823 2677 13 figures figure NNS 34823 2677 14 would would MD 34823 2677 15 doubtless doubtless RB 34823 2677 16 be be VB 34823 2677 17 larger large JJR 34823 2677 18 . . . 34823 2678 1 The the DT 34823 2678 2 inventory inventory NN 34823 2678 3 for for IN 34823 2678 4 1912 1912 CD 34823 2678 5 made make VBN 34823 2678 6 by by IN 34823 2678 7 the the DT 34823 2678 8 Census Census NNP 34823 2678 9 Bureau Bureau NNP 34823 2678 10 does do VBZ 34823 2678 11 show show VB 34823 2678 12 a a DT 34823 2678 13 very very RB 34823 2678 14 considerable considerable JJ 34823 2678 15 increase increase NN 34823 2678 16 , , , 34823 2678 17 the the DT 34823 2678 18 largest large JJS 34823 2678 19 item item NN 34823 2678 20 being be VBG 34823 2678 21 due due JJ 34823 2678 22 to to IN 34823 2678 23 a a DT 34823 2678 24 rise rise NN 34823 2678 25 in in IN 34823 2678 26 real real JJ 34823 2678 27 estate estate NN 34823 2678 28 values value NNS 34823 2678 29 . . . 34823 2679 1 The the DT 34823 2679 2 figures figure NNS 34823 2679 3 for for IN 34823 2679 4 agricultural agricultural JJ 34823 2679 5 , , , 34823 2679 6 manufacturing manufacturing NN 34823 2679 7 , , , 34823 2679 8 and and CC 34823 2679 9 mining mining NN 34823 2679 10 products product NNS 34823 2679 11 are be VBP 34823 2679 12 , , , 34823 2679 13 also also RB 34823 2679 14 , , , 34823 2679 15 figures figure NNS 34823 2679 16 for for IN 34823 2679 17 a a DT 34823 2679 18 given give VBN 34823 2679 19 time time NN 34823 2679 20 rather rather RB 34823 2679 21 than than IN 34823 2679 22 for for IN 34823 2679 23 total total JJ 34823 2679 24 production production NN 34823 2679 25 through through IN 34823 2679 26 the the DT 34823 2679 27 year year NN 34823 2679 28 . . . 34823 2680 1 But but CC 34823 2680 2 , , , 34823 2680 3 making make VBG 34823 2680 4 all all PDT 34823 2680 5 the the DT 34823 2680 6 allowance allowance NN 34823 2680 7 one one CD 34823 2680 8 pleases please VBZ 34823 2680 9 , , , 34823 2680 10 it -PRON- PRP 34823 2680 11 is be VBZ 34823 2680 12 quite quite RB 34823 2680 13 incredible incredible JJ 34823 2680 14 that that IN 34823 2680 15 one one PRP 34823 2680 16 should should MD 34823 2680 17 reach reach VB 34823 2680 18 a a DT 34823 2680 19 figure figure NN 34823 2680 20 of of IN 34823 2680 21 $ $ $ 34823 2680 22 387,000,000,000 387,000,000,000 CD 34823 2680 23 by by IN 34823 2680 24 taking take VBG 34823 2680 25 only only RB 34823 2680 26 the the DT 34823 2680 27 exchanges exchange NNS 34823 2680 28 necessary necessary JJ 34823 2680 29 to to TO 34823 2680 30 bring bring VB 34823 2680 31 raw raw JJ 34823 2680 32 materials material NNS 34823 2680 33 through through IN 34823 2680 34 the the DT 34823 2680 35 various various JJ 34823 2680 36 stages stage NNS 34823 2680 37 of of IN 34823 2680 38 production production NN 34823 2680 39 to to IN 34823 2680 40 the the DT 34823 2680 41 consumer consumer NN 34823 2680 42 . . . 34823 2681 1 The the DT 34823 2681 2 greater great JJR 34823 2681 3 part part NN 34823 2681 4 of of IN 34823 2681 5 the the DT 34823 2681 6 $ $ $ 34823 2681 7 387,000,000,000 387,000,000,000 CD 34823 2681 8 is be VBZ 34823 2681 9 to to TO 34823 2681 10 be be VB 34823 2681 11 explained explain VBN 34823 2681 12 in in IN 34823 2681 13 another another DT 34823 2681 14 way way NN 34823 2681 15 ! ! . 34823 2682 1 A a DT 34823 2682 2 detailed detailed JJ 34823 2682 3 analysis analysis NN 34823 2682 4 of of IN 34823 2682 5 Kinley Kinley NNP 34823 2682 6 's 's POS 34823 2682 7 figures figure NNS 34823 2682 8 , , , 34823 2682 9 on on IN 34823 2682 10 which which WDT 34823 2682 11 the the DT 34823 2682 12 estimate estimate NN 34823 2682 13 of of IN 34823 2682 14 total total JJ 34823 2682 15 trade trade NN 34823 2682 16 is be VBZ 34823 2682 17 based base VBN 34823 2682 18 , , , 34823 2682 19 leads lead VBZ 34823 2682 20 clearly clearly RB 34823 2682 21 to to IN 34823 2682 22 the the DT 34823 2682 23 same same JJ 34823 2682 24 conclusion conclusion NN 34823 2682 25 . . . 34823 2683 1 Kinley Kinley NNP 34823 2683 2 's 's POS 34823 2683 3 figures figure NNS 34823 2683 4 for for IN 34823 2683 5 the the DT 34823 2683 6 banks bank NNS 34823 2683 7 that that WDT 34823 2683 8 reported report VBD 34823 2683 9 on on IN 34823 2683 10 March March NNP 34823 2683 11 16 16 CD 34823 2683 12 , , , 34823 2683 13 1909 1909 CD 34823 2683 14 , , , 34823 2683 15 are be VBP 34823 2683 16 as as IN 34823 2683 17 follows follow VBZ 34823 2683 18 : : : 34823 2683 19 Retail retail JJ 34823 2683 20 deposits deposit NNS 34823 2683 21 60 60 CD 34823 2683 22 millions million NNS 34823 2683 23 Wholesale Wholesale NNP 34823 2683 24 deposits deposit NNS 34823 2683 25 124 124 CD 34823 2683 26 millions million NNS 34823 2683 27 " " `` 34823 2683 28 All all DT 34823 2683 29 other other JJ 34823 2683 30 " " `` 34823 2683 31 deposits deposit VBZ 34823 2683 32 502 502 CD 34823 2683 33 millions million NNS 34823 2683 34 The the DT 34823 2683 35 " " `` 34823 2683 36 all all DT 34823 2683 37 other other JJ 34823 2683 38 deposits deposit NNS 34823 2683 39 " " `` 34823 2683 40 are be VBP 34823 2683 41 vastly vastly RB 34823 2683 42 greater great JJR 34823 2683 43 than than IN 34823 2683 44 retail retail JJ 34823 2683 45 and and CC 34823 2683 46 wholesale wholesale JJ 34823 2683 47 deposits deposit NNS 34823 2683 48 combined combine VBN 34823 2683 49 ! ! . 34823 2684 1 Notice notice NN 34823 2684 2 , , , 34823 2684 3 too too RB 34823 2684 4 , , , 34823 2684 5 with with IN 34823 2684 6 reference reference NN 34823 2684 7 to to IN 34823 2684 8 the the DT 34823 2684 9 question question NN 34823 2684 10 as as IN 34823 2684 11 to to IN 34823 2684 12 how how WRB 34823 2684 13 often often RB 34823 2684 14 goods good NNS 34823 2684 15 need need VBP 34823 2684 16 to to TO 34823 2684 17 be be VB 34823 2684 18 turned turn VBN 34823 2684 19 over over RP 34823 2684 20 in in IN 34823 2684 21 getting get VBG 34823 2684 22 to to IN 34823 2684 23 the the DT 34823 2684 24 consumer consumer NN 34823 2684 25 : : : 34823 2684 26 wholesale wholesale JJ 34823 2684 27 trade trade NN 34823 2684 28 uses use VBZ 34823 2684 29 only only RB 34823 2684 30 about about RB 34823 2684 31 twice twice PDT 34823 2684 32 as as RB 34823 2684 33 much much JJ 34823 2684 34 money money NN 34823 2684 35 and and CC 34823 2684 36 checks check NNS 34823 2684 37 as as IN 34823 2684 38 does do VBZ 34823 2684 39 retail retail JJ 34823 2684 40 trade trade NN 34823 2684 41 . . . 34823 2685 1 Goods good NNS 34823 2685 2 are be VBP 34823 2685 3 not not RB 34823 2685 4 , , , 34823 2685 5 if if IN 34823 2685 6 these these DT 34823 2685 7 figures figure NNS 34823 2685 8 are be VBP 34823 2685 9 in in IN 34823 2685 10 any any DT 34823 2685 11 way way NN 34823 2685 12 typical typical JJ 34823 2685 13 of of IN 34823 2685 14 actual actual JJ 34823 2685 15 trade trade NN 34823 2685 16 , , , 34823 2685 17 turned turn VBD 34823 2685 18 over over RP 34823 2685 19 many many JJ 34823 2685 20 times time NNS 34823 2685 21 in in IN 34823 2685 22 the the DT 34823 2685 23 process process NN 34823 2685 24 of of IN 34823 2685 25 reaching reach VBG 34823 2685 26 the the DT 34823 2685 27 consumer consumer NN 34823 2685 28 . . . 34823 2686 1 The the DT 34823 2686 2 " " `` 34823 2686 3 necessary necessary JJ 34823 2686 4 , , , 34823 2686 5 " " '' 34823 2686 6 or or CC 34823 2686 7 " " `` 34823 2686 8 physically physically RB 34823 2686 9 determined determined JJ 34823 2686 10 " " '' 34823 2686 11 number number NN 34823 2686 12 of of IN 34823 2686 13 exchanges exchange NNS 34823 2686 14 , , , 34823 2686 15 in in IN 34823 2686 16 the the DT 34823 2686 17 routine routine NN 34823 2686 18 of of IN 34823 2686 19 trade trade NN 34823 2686 20 , , , 34823 2686 21 is be VBZ 34823 2686 22 small small JJ 34823 2686 23 , , , 34823 2686 24 per per IN 34823 2686 25 item item NN 34823 2686 26 . . . 34823 2687 1 Retail retail JJ 34823 2687 2 deposits deposit NNS 34823 2687 3 of of IN 34823 2687 4 60 60 CD 34823 2687 5 millions million NNS 34823 2687 6 make make VBP 34823 2687 7 up up RP 34823 2687 8 less less JJR 34823 2687 9 than than IN 34823 2687 10 one one CD 34823 2687 11 - - HYPH 34823 2687 12 eleventh eleventh NN 34823 2687 13 of of IN 34823 2687 14 the the DT 34823 2687 15 total total NN 34823 2687 16 . . . 34823 2688 1 Retail retail JJ 34823 2688 2 and and CC 34823 2688 3 wholesale wholesale JJ 34823 2688 4 deposits deposit NNS 34823 2688 5 together together RB 34823 2688 6 make make VBP 34823 2688 7 up up RP 34823 2688 8 about about RB 34823 2688 9 three three CD 34823 2688 10 - - HYPH 34823 2688 11 elevenths eleventh NNS 34823 2688 12 . . . 34823 2689 1 What what WP 34823 2689 2 is be VBZ 34823 2689 3 the the DT 34823 2689 4 other other JJ 34823 2689 5 eight eight CD 34823 2689 6 - - HYPH 34823 2689 7 elevenths eleventh NNS 34823 2689 8 , , , 34823 2689 9 represented represent VBN 34823 2689 10 by by IN 34823 2689 11 the the DT 34823 2689 12 " " `` 34823 2689 13 all all DT 34823 2689 14 other other JJ 34823 2689 15 deposits deposit NNS 34823 2689 16 " " '' 34823 2689 17 ? ? . 34823 2690 1 It -PRON- PRP 34823 2690 2 will will MD 34823 2690 3 help help VB 34823 2690 4 if if IN 34823 2690 5 we -PRON- PRP 34823 2690 6 see see VBP 34823 2690 7 where where WRB 34823 2690 8 these these DT 34823 2690 9 " " `` 34823 2690 10 all all DT 34823 2690 11 other other JJ 34823 2690 12 " " '' 34823 2690 13 deposits deposit NNS 34823 2690 14 are be VBP 34823 2690 15 located locate VBN 34823 2690 16 . . . 34823 2691 1 If if IN 34823 2691 2 we -PRON- PRP 34823 2691 3 find find VBP 34823 2691 4 them -PRON- PRP 34823 2691 5 scattered scatter VBN 34823 2691 6 evenly evenly RB 34823 2691 7 throughout throughout IN 34823 2691 8 the the DT 34823 2691 9 country country NN 34823 2691 10 , , , 34823 2691 11 in in IN 34823 2691 12 rural rural JJ 34823 2691 13 regions region NNS 34823 2691 14 as as RB 34823 2691 15 well well RB 34823 2691 16 as as IN 34823 2691 17 in in IN 34823 2691 18 cities city NNS 34823 2691 19 , , , 34823 2691 20 we -PRON- PRP 34823 2691 21 might may MD 34823 2691 22 be be VB 34823 2691 23 at at IN 34823 2691 24 a a DT 34823 2691 25 loss loss NN 34823 2691 26 . . . 34823 2692 1 If if IN 34823 2692 2 , , , 34823 2692 3 however however RB 34823 2692 4 , , , 34823 2692 5 we -PRON- PRP 34823 2692 6 find find VBP 34823 2692 7 them -PRON- PRP 34823 2692 8 bunched bunch VBN 34823 2692 9 in in IN 34823 2692 10 the the DT 34823 2692 11 big big JJ 34823 2692 12 speculative speculative JJ 34823 2692 13 centres centre NNS 34823 2692 14 , , , 34823 2692 15 we -PRON- PRP 34823 2692 16 may may MD 34823 2692 17 conclude conclude VB 34823 2692 18 that that IN 34823 2692 19 speculation speculation NN 34823 2692 20 accounts account VBZ 34823 2692 21 for for IN 34823 2692 22 a a DT 34823 2692 23 large large JJ 34823 2692 24 part part NN 34823 2692 25 of of IN 34823 2692 26 them -PRON- PRP 34823 2692 27 . . . 34823 2693 1 We -PRON- PRP 34823 2693 2 do do VBP 34823 2693 3 in in IN 34823 2693 4 fact fact NN 34823 2693 5 find find VB 34823 2693 6 this this DT 34823 2693 7 . . . 34823 2694 1 The the DT 34823 2694 2 following follow VBG 34823 2694 3 figures figure NNS 34823 2694 4 show show VBP 34823 2694 5 the the DT 34823 2694 6 different different JJ 34823 2694 7 classes class NNS 34823 2694 8 of of IN 34823 2694 9 deposits deposit NNS 34823 2694 10 ( ( -LRB- 34823 2694 11 1 1 CD 34823 2694 12 ) ) -RRB- 34823 2694 13 in in IN 34823 2694 14 the the DT 34823 2694 15 South South NNP 34823 2694 16 Atlantic Atlantic NNP 34823 2694 17 States States NNP 34823 2694 18 ; ; : 34823 2694 19 ( ( -LRB- 34823 2694 20 2 2 LS 34823 2694 21 ) ) -RRB- 34823 2694 22 in in IN 34823 2694 23 reserve reserve NN 34823 2694 24 cities city NNS 34823 2694 25 ; ; : 34823 2694 26 ( ( -LRB- 34823 2694 27 3 3 LS 34823 2694 28 ) ) -RRB- 34823 2694 29 in in IN 34823 2694 30 New New NNP 34823 2694 31 York York NNP 34823 2694 32 City City NNP 34823 2694 33 alone alone RB 34823 2694 34 : : : 34823 2694 35 _ _ NNP 34823 2694 36 South South NNP 34823 2694 37 Atlantic Atlantic NNP 34823 2694 38 States States NNP 34823 2694 39 : : : 34823 2694 40 _ _ NNP 34823 2694 41 _ _ NNP 34823 2694 42 Per Per NNP 34823 2694 43 Cent Cent NNP 34823 2694 44 . . . 34823 2694 45 _ _ NNP 34823 2694 46 Retail retail JJ 34823 2694 47 deposits deposit VBZ 34823 2694 48 $ $ $ 34823 2694 49 3,300,000 3,300,000 CD 34823 2694 50 19.0 19.0 CD 34823 2694 51 Wholesale Wholesale NNP 34823 2694 52 deposits deposit VBZ 34823 2694 53 4,900,000 4,900,000 CD 34823 2694 54 29.0 29.0 CD 34823 2694 55 " " `` 34823 2694 56 All all DT 34823 2694 57 other other JJ 34823 2694 58 " " '' 34823 2694 59 deposits deposit VBZ 34823 2694 60 8,900,000 8,900,000 CD 34823 2694 61 52.0 52.0 CD 34823 2694 62 _ _ NNP 34823 2694 63 Reserve Reserve NNP 34823 2694 64 Cities Cities NNP 34823 2694 65 ( ( -LRB- 34823 2694 66 including include VBG 34823 2694 67 New New NNP 34823 2694 68 York York NNP 34823 2694 69 City City NNP 34823 2694 70 ) ) -RRB- 34823 2694 71 : : : 34823 2694 72 _ _ NNP 34823 2694 73 Retail Retail NNP 34823 2694 74 deposits deposit VBZ 34823 2694 75 $ $ $ 34823 2694 76 24,000,000 24,000,000 CD 34823 2694 77 5.6 5.6 CD 34823 2694 78 Wholesale wholesale JJ 34823 2694 79 deposits deposit NNS 34823 2694 80 78,000,000 78,000,000 CD 34823 2694 81 18.2 18.2 CD 34823 2694 82 " " `` 34823 2694 83 All all DT 34823 2694 84 other other JJ 34823 2694 85 " " `` 34823 2694 86 deposits deposit NNS 34823 2694 87 326,000,000 326,000,000 CD 34823 2694 88 76.1 76.1 CD 34823 2694 89 _ _ NNP 34823 2694 90 New New NNP 34823 2694 91 York York NNP 34823 2694 92 City City NNP 34823 2694 93 : : : 34823 2694 94 _ _ NNP 34823 2694 95 Retail Retail NNP 34823 2694 96 deposits deposit NNS 34823 2694 97 9,000,000 9,000,000 CD 34823 2694 98 3.7 3.7 CD 34823 2694 99 Wholesale Wholesale NNP 34823 2694 100 deposits deposit NNS 34823 2694 101 34,000,000 34,000,000 CD 34823 2694 102 14.0 14.0 CD 34823 2694 103 " " '' 34823 2694 104 All all DT 34823 2694 105 other other JJ 34823 2694 106 " " '' 34823 2694 107 deposits deposit NNS 34823 2694 108 198,000,000 198,000,000 CD 34823 2694 109 82.2 82.2 CD 34823 2694 110 It -PRON- PRP 34823 2694 111 is be VBZ 34823 2694 112 difficult difficult JJ 34823 2694 113 , , , 34823 2694 114 with with IN 34823 2694 115 Kinley Kinley NNP 34823 2694 116 's 's POS 34823 2694 117 figures figure NNS 34823 2694 118 , , , 34823 2694 119 to to TO 34823 2694 120 get get VB 34823 2694 121 figures figure NNS 34823 2694 122 which which WDT 34823 2694 123 exclude exclude VBP 34823 2694 124 returns return NNS 34823 2694 125 from from IN 34823 2694 126 cities city NNS 34823 2694 127 of of IN 34823 2694 128 substantial substantial JJ 34823 2694 129 size size NN 34823 2694 130 , , , 34823 2694 131 except except IN 34823 2694 132 for for IN 34823 2694 133 a a DT 34823 2694 134 State State NNP 34823 2694 135 like like IN 34823 2694 136 Nevada Nevada NNP 34823 2694 137 , , , 34823 2694 138 where where WRB 34823 2694 139 the the DT 34823 2694 140 mining mining NN 34823 2694 141 and and CC 34823 2694 142 divorce divorce NN 34823 2694 143 industries industry NNS 34823 2694 144 complicate complicate VBP 34823 2694 145 the the DT 34823 2694 146 figures figure NNS 34823 2694 147 . . . 34823 2695 1 As as IN 34823 2695 2 near near IN 34823 2695 3 an an DT 34823 2695 4 approach approach NN 34823 2695 5 as as IN 34823 2695 6 can can MD 34823 2695 7 be be VB 34823 2695 8 made make VBN 34823 2695 9 , , , 34823 2695 10 perhaps perhaps RB 34823 2695 11 , , , 34823 2695 12 is be VBZ 34823 2695 13 to to TO 34823 2695 14 take take VB 34823 2695 15 the the DT 34823 2695 16 State State NNP 34823 2695 17 of of IN 34823 2695 18 Louisiana Louisiana NNP 34823 2695 19 , , , 34823 2695 20 excluding exclude VBG 34823 2695 21 New New NNP 34823 2695 22 Orleans Orleans NNP 34823 2695 23 from from IN 34823 2695 24 the the DT 34823 2695 25 totals total NNS 34823 2695 26 . . . 34823 2696 1 Even even RB 34823 2696 2 here here RB 34823 2696 3 , , , 34823 2696 4 however however RB 34823 2696 5 , , , 34823 2696 6 we -PRON- PRP 34823 2696 7 include include VBP 34823 2696 8 five five CD 34823 2696 9 cities city NNS 34823 2696 10 of of IN 34823 2696 11 over over IN 34823 2696 12 ten ten CD 34823 2696 13 thousand thousand CD 34823 2696 14 , , , 34823 2696 15 among among IN 34823 2696 16 them -PRON- PRP 34823 2696 17 Shrevesport Shrevesport NNP 34823 2696 18 , , , 34823 2696 19 with with IN 34823 2696 20 28,000 28,000 CD 34823 2696 21 people people NNS 34823 2696 22 . . . 34823 2697 1 The the DT 34823 2697 2 following follow VBG 34823 2697 3 figures figure NNS 34823 2697 4 are be VBP 34823 2697 5 for for IN 34823 2697 6 the the DT 34823 2697 7 State State NNP 34823 2697 8 and and CC 34823 2697 9 national national JJ 34823 2697 10 banks bank NNS 34823 2697 11 in in IN 34823 2697 12 Louisiana Louisiana NNP 34823 2697 13 , , , 34823 2697 14 exclusive exclusive JJ 34823 2697 15 of of IN 34823 2697 16 New New NNP 34823 2697 17 Orleans Orleans NNP 34823 2697 18 : : : 34823 2697 19 Retail retail JJ 34823 2697 20 deposits deposit NNS 34823 2697 21 $ $ $ 34823 2697 22 179,915 179,915 CD 34823 2697 23 24.1 24.1 CD 34823 2697 24 Wholesale Wholesale NNP 34823 2697 25 deposits deposit VBZ 34823 2697 26 246,647 246,647 CD 34823 2697 27 33.1 33.1 CD 34823 2697 28 " " `` 34823 2697 29 All all DT 34823 2697 30 other other JJ 34823 2697 31 " " '' 34823 2697 32 deposits deposit VBZ 34823 2697 33 318,915 318,915 CD 34823 2697 34 42.8 42.8 CD 34823 2697 35 We -PRON- PRP 34823 2697 36 can can MD 34823 2697 37 not not RB 34823 2697 38 tell tell VB 34823 2697 39 , , , 34823 2697 40 in in IN 34823 2697 41 these these DT 34823 2697 42 figures figure NNS 34823 2697 43 for for IN 34823 2697 44 Louisiana Louisiana NNP 34823 2697 45 , , , 34823 2697 46 how how WRB 34823 2697 47 many many JJ 34823 2697 48 banks bank NNS 34823 2697 49 are be VBP 34823 2697 50 represented represent VBN 34823 2697 51 , , , 34823 2697 52 or or CC 34823 2697 53 what what WP 34823 2697 54 the the DT 34823 2697 55 average average JJ 34823 2697 56 figures figure NNS 34823 2697 57 per per IN 34823 2697 58 bank bank NN 34823 2697 59 are be VBP 34823 2697 60 . . . 34823 2698 1 For for IN 34823 2698 2 the the DT 34823 2698 3 whole whole JJ 34823 2698 4 State State NNP 34823 2698 5 of of IN 34823 2698 6 Arkansas Arkansas NNP 34823 2698 7 , , , 34823 2698 8 however however RB 34823 2698 9 , , , 34823 2698 10 including include VBG 34823 2698 11 five five CD 34823 2698 12 cities city NNS 34823 2698 13 of of IN 34823 2698 14 over over IN 34823 2698 15 10,000 10,000 CD 34823 2698 16 , , , 34823 2698 17 with with IN 34823 2698 18 two two CD 34823 2698 19 over over IN 34823 2698 20 20,000 20,000 CD 34823 2698 21 , , , 34823 2698 22 and and CC 34823 2698 23 one one CD 34823 2698 24 of of IN 34823 2698 25 45,000 45,000 CD 34823 2698 26 , , , 34823 2698 27 we -PRON- PRP 34823 2698 28 can can MD 34823 2698 29 get get VB 34823 2698 30 an an DT 34823 2698 31 average average NN 34823 2698 32 for for IN 34823 2698 33 ninety ninety CD 34823 2698 34 reporting report VBG 34823 2698 35 banks bank NNS 34823 2698 36 . . . 34823 2699 1 Even even RB 34823 2699 2 here here RB 34823 2699 3 we -PRON- PRP 34823 2699 4 do do VBP 34823 2699 5 not not RB 34823 2699 6 know know VB 34823 2699 7 where where WRB 34823 2699 8 these these DT 34823 2699 9 banks bank NNS 34823 2699 10 are be VBP 34823 2699 11 located locate VBN 34823 2699 12 within within IN 34823 2699 13 the the DT 34823 2699 14 State State NNP 34823 2699 15 ; ; : 34823 2699 16 though though IN 34823 2699 17 it -PRON- PRP 34823 2699 18 is be VBZ 34823 2699 19 probable probable JJ 34823 2699 20 that that IN 34823 2699 21 they -PRON- PRP 34823 2699 22 are be VBP 34823 2699 23 in in IN 34823 2699 24 the the DT 34823 2699 25 larger large JJR 34823 2699 26 places place NNS 34823 2699 27 , , , 34823 2699 28 and and CC 34823 2699 29 so so RB 34823 2699 30 exceed exceed VB 34823 2699 31 the the DT 34823 2699 32 average average JJ 34823 2699 33 deposits deposit NNS 34823 2699 34 for for IN 34823 2699 35 the the DT 34823 2699 36 banks bank NNS 34823 2699 37 in in IN 34823 2699 38 the the DT 34823 2699 39 State State NNP 34823 2699 40 as as IN 34823 2699 41 a a DT 34823 2699 42 whole whole NN 34823 2699 43 , , , 34823 2699 44 to to TO 34823 2699 45 say say VB 34823 2699 46 nothing nothing NN 34823 2699 47 of of IN 34823 2699 48 the the DT 34823 2699 49 average average NN 34823 2699 50 for for IN 34823 2699 51 the the DT 34823 2699 52 smaller small JJR 34823 2699 53 places place NNS 34823 2699 54 . . . 34823 2700 1 The the DT 34823 2700 2 ninety ninety CD 34823 2700 3 banks bank NNS 34823 2700 4 are be VBP 34823 2700 5 almost almost RB 34823 2700 6 wholly wholly RB 34823 2700 7 State state NN 34823 2700 8 and and CC 34823 2700 9 national national JJ 34823 2700 10 banks bank NNS 34823 2700 11 . . . 34823 2701 1 _ _ NNP 34823 2701 2 Arkansas Arkansas NNP 34823 2701 3 : : : 34823 2701 4 _ _ NNP 34823 2701 5 _ _ NNP 34823 2701 6 Per Per NNP 34823 2701 7 Cent Cent NNP 34823 2701 8 . . . 34823 2701 9 _ _ NNP 34823 2701 10 Retail retail JJ 34823 2701 11 deposits deposit VBZ 34823 2701 12 $ $ $ 34823 2701 13 232,017 232,017 CD 34823 2701 14 25 25 CD 34823 2701 15 + + CC 34823 2701 16 Wholesale Wholesale NNP 34823 2701 17 deposits deposit NNS 34823 2701 18 231,614 231,614 CD 34823 2701 19 25 25 CD 34823 2701 20 + + CC 34823 2701 21 " " `` 34823 2701 22 All all DT 34823 2701 23 other other JJ 34823 2701 24 " " '' 34823 2701 25 deposits deposit VBZ 34823 2701 26 456,544 456,544 CD 34823 2701 27 49 49 CD 34823 2701 28 + + CD 34823 2701 29 The the DT 34823 2701 30 average average NN 34823 2701 31 for for IN 34823 2701 32 all all DT 34823 2701 33 deposits deposit NNS 34823 2701 34 , , , 34823 2701 35 per per IN 34823 2701 36 bank bank NN 34823 2701 37 , , , 34823 2701 38 in in IN 34823 2701 39 Arkansas Arkansas NNP 34823 2701 40 is be VBZ 34823 2701 41 $ $ $ 34823 2701 42 10,224 10,224 CD 34823 2701 43 ; ; : 34823 2701 44 the the DT 34823 2701 45 average average NN 34823 2701 46 for for IN 34823 2701 47 all all PDT 34823 2701 48 the the DT 34823 2701 49 11,492 11,492 CD 34823 2701 50 banks bank NNS 34823 2701 51 reporting report VBG 34823 2701 52 for for IN 34823 2701 53 the the DT 34823 2701 54 whole whole JJ 34823 2701 55 country country NN 34823 2701 56 is be VBZ 34823 2701 57 , , , 34823 2701 58 approximately approximately RB 34823 2701 59 , , , 34823 2701 60 $ $ $ 34823 2701 61 60,000 60,000 CD 34823 2701 62 ; ; : 34823 2701 63 the the DT 34823 2701 64 average average NN 34823 2701 65 for for IN 34823 2701 66 the the DT 34823 2701 67 659 659 CD 34823 2701 68 banks bank NNS 34823 2701 69 reporting report VBG 34823 2701 70 from from IN 34823 2701 71 New New NNP 34823 2701 72 York York NNP 34823 2701 73 State State NNP 34823 2701 74 is be VBZ 34823 2701 75 $ $ $ 34823 2701 76 502,136 502,136 CD 34823 2701 77 ; ; : 34823 2701 78 the the DT 34823 2701 79 average average NN 34823 2701 80 for for IN 34823 2701 81 the the DT 34823 2701 82 banks bank NNS 34823 2701 83 in in IN 34823 2701 84 New New NNP 34823 2701 85 York York NNP 34823 2701 86 City City NNP 34823 2701 87 alone alone RB 34823 2701 88 is be VBZ 34823 2701 89 doubtless doubtless RB 34823 2701 90 much much RB 34823 2701 91 higher high JJR 34823 2701 92 , , , 34823 2701 93 but but CC 34823 2701 94 can can MD 34823 2701 95 not not RB 34823 2701 96 be be VB 34823 2701 97 stated state VBN 34823 2701 98 , , , 34823 2701 99 as as IN 34823 2701 100 Kinley Kinley NNP 34823 2701 101 's 's POS 34823 2701 102 figures figure NNS 34823 2701 103 do do VBP 34823 2701 104 not not RB 34823 2701 105 tell tell VB 34823 2701 106 how how WRB 34823 2701 107 many many JJ 34823 2701 108 banks bank NNS 34823 2701 109 reported report VBN 34823 2701 110 by by IN 34823 2701 111 cities city NNS 34823 2701 112 . . . 34823 2702 1 [ [ -LRB- 34823 2702 2 253 253 CD 34823 2702 3 ] ] -RRB- 34823 2702 4 The the DT 34823 2702 5 " " `` 34823 2702 6 all all DT 34823 2702 7 other other JJ 34823 2702 8 deposits deposit NNS 34823 2702 9 " " '' 34823 2702 10 in in IN 34823 2702 11 Arkansas Arkansas NNP 34823 2702 12 are be VBP 34823 2702 13 27.8 27.8 CD 34823 2702 14 % % NN 34823 2702 15 cash cash NN 34823 2702 16 , , , 34823 2702 17 and and CC 34823 2702 18 72.2 72.2 CD 34823 2702 19 % % NN 34823 2702 20 checks check NNS 34823 2702 21 ; ; : 34823 2702 22 the the DT 34823 2702 23 " " `` 34823 2702 24 all all DT 34823 2702 25 other other JJ 34823 2702 26 " " '' 34823 2702 27 deposits deposit NNS 34823 2702 28 in in IN 34823 2702 29 the the DT 34823 2702 30 country country NN 34823 2702 31 as as IN 34823 2702 32 a a DT 34823 2702 33 whole whole NN 34823 2702 34 are be VBP 34823 2702 35 only only RB 34823 2702 36 4.1 4.1 CD 34823 2702 37 % % NN 34823 2702 38 cash cash NN 34823 2702 39 , , , 34823 2702 40 with with IN 34823 2702 41 95.9 95.9 CD 34823 2702 42 % % NN 34823 2702 43 checks check NNS 34823 2702 44 ; ; : 34823 2702 45 the the DT 34823 2702 46 " " `` 34823 2702 47 all all DT 34823 2702 48 other other JJ 34823 2702 49 deposits deposit NNS 34823 2702 50 " " '' 34823 2702 51 of of IN 34823 2702 52 New New NNP 34823 2702 53 York York NNP 34823 2702 54 City City NNP 34823 2702 55 are be VBP 34823 2702 56 only only RB 34823 2702 57 1 1 CD 34823 2702 58 % % NN 34823 2702 59 cash cash NN 34823 2702 60 , , , 34823 2702 61 with with IN 34823 2702 62 98.9 98.9 CD 34823 2702 63 % % NN 34823 2702 64 checks check NNS 34823 2702 65 . . . 34823 2703 1 Several several JJ 34823 2703 2 facts fact NNS 34823 2703 3 are be VBP 34823 2703 4 very very RB 34823 2703 5 clear clear JJ 34823 2703 6 from from IN 34823 2703 7 these these DT 34823 2703 8 comparisons comparison NNS 34823 2703 9 : : : 34823 2703 10 ( ( -LRB- 34823 2703 11 1 1 LS 34823 2703 12 ) ) -RRB- 34823 2703 13 the the DT 34823 2703 14 proportion proportion NN 34823 2703 15 of of IN 34823 2703 16 " " `` 34823 2703 17 all all DT 34823 2703 18 other other JJ 34823 2703 19 deposits deposit NNS 34823 2703 20 " " `` 34823 2703 21 increases increase NNS 34823 2703 22 very very RB 34823 2703 23 rapidly rapidly RB 34823 2703 24 as as IN 34823 2703 25 we -PRON- PRP 34823 2703 26 get get VBP 34823 2703 27 closer close JJR 34823 2703 28 to to IN 34823 2703 29 the the DT 34823 2703 30 great great JJ 34823 2703 31 centres centre NNS 34823 2703 32 of of IN 34823 2703 33 speculation speculation NN 34823 2703 34 , , , 34823 2703 35 and and CC 34823 2703 36 is be VBZ 34823 2703 37 lowest low JJS 34823 2703 38 in in IN 34823 2703 39 rural rural JJ 34823 2703 40 regions region NNS 34823 2703 41 ; ; , 34823 2703 42 ( ( -LRB- 34823 2703 43 2 2 LS 34823 2703 44 ) ) -RRB- 34823 2703 45 the the DT 34823 2703 46 great great JJ 34823 2703 47 bulk bulk NN 34823 2703 48 of of IN 34823 2703 49 all all PDT 34823 2703 50 the the DT 34823 2703 51 deposits deposit NNS 34823 2703 52 is be VBZ 34823 2703 53 in in IN 34823 2703 54 the the DT 34823 2703 55 cities city NNS 34823 2703 56 . . . 34823 2704 1 The the DT 34823 2704 2 average average NN 34823 2704 3 for for IN 34823 2704 4 Arkansas Arkansas NNP 34823 2704 5 banks bank NNS 34823 2704 6 , , , 34823 2704 7 for for IN 34823 2704 8 example example NN 34823 2704 9 , , , 34823 2704 10 is be VBZ 34823 2704 11 only only RB 34823 2704 12 one one CD 34823 2704 13 - - HYPH 34823 2704 14 sixth sixth NN 34823 2704 15 the the DT 34823 2704 16 average average NN 34823 2704 17 of of IN 34823 2704 18 the the DT 34823 2704 19 whole whole JJ 34823 2704 20 country country NN 34823 2704 21 , , , 34823 2704 22 and and CC 34823 2704 23 is be VBZ 34823 2704 24 only only RB 34823 2704 25 one one CD 34823 2704 26 - - HYPH 34823 2704 27 fiftieth fiftieth NN 34823 2704 28 the the DT 34823 2704 29 average average NN 34823 2704 30 for for IN 34823 2704 31 the the DT 34823 2704 32 banks bank NNS 34823 2704 33 of of IN 34823 2704 34 New New NNP 34823 2704 35 York York NNP 34823 2704 36 State State NNP 34823 2704 37 . . . 34823 2705 1 It -PRON- PRP 34823 2705 2 is be VBZ 34823 2705 3 a a DT 34823 2705 4 much much RB 34823 2705 5 smaller small JJR 34823 2705 6 fraction fraction NN 34823 2705 7 of of IN 34823 2705 8 the the DT 34823 2705 9 average average NN 34823 2705 10 for for IN 34823 2705 11 New New NNP 34823 2705 12 York York NNP 34823 2705 13 City City NNP 34823 2705 14 , , , 34823 2705 15 but but CC 34823 2705 16 we -PRON- PRP 34823 2705 17 can can MD 34823 2705 18 not not RB 34823 2705 19 give give VB 34823 2705 20 an an DT 34823 2705 21 exact exact JJ 34823 2705 22 figure figure NN 34823 2705 23 . . . 34823 2706 1 The the DT 34823 2706 2 totals total NNS 34823 2706 3 reported report VBD 34823 2706 4 from from IN 34823 2706 5 the the DT 34823 2706 6 rural rural JJ 34823 2706 7 regions region NNS 34823 2706 8 are be VBP 34823 2706 9 trifling trifle VBG 34823 2706 10 , , , 34823 2706 11 as as IN 34823 2706 12 compared compare VBN 34823 2706 13 with with IN 34823 2706 14 the the DT 34823 2706 15 totals total NNS 34823 2706 16 reported report VBN 34823 2706 17 from from IN 34823 2706 18 the the DT 34823 2706 19 big big JJ 34823 2706 20 cities city NNS 34823 2706 21 . . . 34823 2707 1 This this DT 34823 2707 2 , , , 34823 2707 3 as as IN 34823 2707 4 will will MD 34823 2707 5 be be VB 34823 2707 6 made make VBN 34823 2707 7 clear clear JJ 34823 2707 8 in in IN 34823 2707 9 the the DT 34823 2707 10 chapter chapter NN 34823 2707 11 on on IN 34823 2707 12 " " `` 34823 2707 13 Statistical Statistical NNP 34823 2707 14 Demonstrations Demonstrations NNPS 34823 2707 15 of of IN 34823 2707 16 the the DT 34823 2707 17 Quantity Quantity NNP 34823 2707 18 Theory Theory NNP 34823 2707 19 , , , 34823 2707 20 " " '' 34823 2707 21 is be VBZ 34823 2707 22 not not RB 34823 2707 23 because because IN 34823 2707 24 the the DT 34823 2707 25 country country NN 34823 2707 26 reports report NNS 34823 2707 27 were be VBD 34823 2707 28 less less RBR 34823 2707 29 complete complete JJ 34823 2707 30 that that IN 34823 2707 31 the the DT 34823 2707 32 city city NN 34823 2707 33 reports report VBZ 34823 2707 34 . . . 34823 2708 1 New New NNP 34823 2708 2 York York NNP 34823 2708 3 was be VBD 34823 2708 4 probably probably RB 34823 2708 5 less less RBR 34823 2708 6 complete complete JJ 34823 2708 7 than than IN 34823 2708 8 the the DT 34823 2708 9 country country NN 34823 2708 10 as as IN 34823 2708 11 a a DT 34823 2708 12 whole whole NN 34823 2708 13 . . . 34823 2709 1 It -PRON- PRP 34823 2709 2 is be VBZ 34823 2709 3 simply simply RB 34823 2709 4 because because IN 34823 2709 5 the the DT 34823 2709 6 activity activity NN 34823 2709 7 of of IN 34823 2709 8 country country NN 34823 2709 9 accounts account NNS 34823 2709 10 is be VBZ 34823 2709 11 small small JJ 34823 2709 12 , , , 34823 2709 13 the the DT 34823 2709 14 amount amount NN 34823 2709 15 of of IN 34823 2709 16 trading trading NN 34823 2709 17 in in IN 34823 2709 18 the the DT 34823 2709 19 country country NN 34823 2709 20 districts district NNS 34823 2709 21 small small JJ 34823 2709 22 , , , 34823 2709 23 and and CC 34823 2709 24 ( ( -LRB- 34823 2709 25 as as IN 34823 2709 26 shown show VBN 34823 2709 27 ) ) -RRB- 34823 2709 28 the the DT 34823 2709 29 _ _ NNP 34823 2709 30 average average NN 34823 2709 31 _ _ NNP 34823 2709 32 for for IN 34823 2709 33 country country NN 34823 2709 34 banks bank NNS 34823 2709 35 is be VBZ 34823 2709 36 small small JJ 34823 2709 37 . . . 34823 2710 1 ( ( -LRB- 34823 2710 2 3 3 LS 34823 2710 3 ) ) -RRB- 34823 2710 4 The the DT 34823 2710 5 character character NN 34823 2710 6 of of IN 34823 2710 7 the the DT 34823 2710 8 " " `` 34823 2710 9 all all DT 34823 2710 10 other other JJ 34823 2710 11 " " '' 34823 2710 12 deposits deposit NNS 34823 2710 13 in in IN 34823 2710 14 Arkansas Arkansas NNP 34823 2710 15 differs differ VBZ 34823 2710 16 substantially substantially RB 34823 2710 17 from from IN 34823 2710 18 that that DT 34823 2710 19 of of IN 34823 2710 20 the the DT 34823 2710 21 " " `` 34823 2710 22 all all DT 34823 2710 23 other other JJ 34823 2710 24 " " '' 34823 2710 25 deposits deposit NNS 34823 2710 26 in in IN 34823 2710 27 New New NNP 34823 2710 28 York York NNP 34823 2710 29 City City NNP 34823 2710 30 , , , 34823 2710 31 as as IN 34823 2710 32 indicated indicate VBN 34823 2710 33 by by IN 34823 2710 34 the the DT 34823 2710 35 fact fact NN 34823 2710 36 that that IN 34823 2710 37 the the DT 34823 2710 38 proportion proportion NN 34823 2710 39 of of IN 34823 2710 40 cash cash NN 34823 2710 41 is be VBZ 34823 2710 42 high high JJ 34823 2710 43 in in IN 34823 2710 44 Arkansas Arkansas NNP 34823 2710 45 -- -- : 34823 2710 46 substantially substantially RB 34823 2710 47 higher high JJR 34823 2710 48 , , , 34823 2710 49 in in IN 34823 2710 50 fact fact NN 34823 2710 51 , , , 34823 2710 52 for for IN 34823 2710 53 the the DT 34823 2710 54 " " `` 34823 2710 55 all all DT 34823 2710 56 other other JJ 34823 2710 57 " " '' 34823 2710 58 deposits deposit NNS 34823 2710 59 in in IN 34823 2710 60 Arkansas Arkansas NNP 34823 2710 61 than than IN 34823 2710 62 for for IN 34823 2710 63 all all DT 34823 2710 64 deposits deposit NNS 34823 2710 65 , , , 34823 2710 66 or or CC 34823 2710 67 even even RB 34823 2710 68 for for IN 34823 2710 69 retail retail JJ 34823 2710 70 deposits deposit NNS 34823 2710 71 , , , 34823 2710 72 in in IN 34823 2710 73 the the DT 34823 2710 74 country country NN 34823 2710 75 as as IN 34823 2710 76 a a DT 34823 2710 77 whole whole NN 34823 2710 78 . . . 34823 2711 1 The the DT 34823 2711 2 percentage percentage NN 34823 2711 3 of of IN 34823 2711 4 checks check NNS 34823 2711 5 in in IN 34823 2711 6 total total JJ 34823 2711 7 retail retail JJ 34823 2711 8 deposits deposit NNS 34823 2711 9 in in IN 34823 2711 10 the the DT 34823 2711 11 United United NNP 34823 2711 12 States States NNP 34823 2711 13 , , , 34823 2711 14 in in IN 34823 2711 15 Kinley Kinley NNP 34823 2711 16 's 's POS 34823 2711 17 figures figure NNS 34823 2711 18 , , , 34823 2711 19 was be VBD 34823 2711 20 73.2 73.2 CD 34823 2711 21 ; ; : 34823 2711 22 the the DT 34823 2711 23 percentage percentage NN 34823 2711 24 of of IN 34823 2711 25 checks check NNS 34823 2711 26 in in IN 34823 2711 27 the the DT 34823 2711 28 " " `` 34823 2711 29 all all DT 34823 2711 30 other other JJ 34823 2711 31 " " '' 34823 2711 32 deposits deposit NNS 34823 2711 33 in in IN 34823 2711 34 Arkansas Arkansas NNP 34823 2711 35 was be VBD 34823 2711 36 72.2 72.2 CD 34823 2711 37 . . . 34823 2712 1 We -PRON- PRP 34823 2712 2 may may MD 34823 2712 3 count count VB 34823 2712 4 these these DT 34823 2712 5 Arkansas Arkansas NNP 34823 2712 6 " " `` 34823 2712 7 all all DT 34823 2712 8 other other JJ 34823 2712 9 " " '' 34823 2712 10 deposits deposit NNS 34823 2712 11 as as IN 34823 2712 12 , , , 34823 2712 13 in in IN 34823 2712 14 considerable considerable JJ 34823 2712 15 degree degree NN 34823 2712 16 , , , 34823 2712 17 deposits deposit NNS 34823 2712 18 made make VBN 34823 2712 19 by by IN 34823 2712 20 farmers farmer NNS 34823 2712 21 . . . 34823 2713 1 What what WP 34823 2713 2 were be VBD 34823 2713 3 the the DT 34823 2713 4 " " `` 34823 2713 5 all all DT 34823 2713 6 other other JJ 34823 2713 7 deposits deposit NNS 34823 2713 8 " " `` 34823 2713 9 made make VBN 34823 2713 10 in in IN 34823 2713 11 New New NNP 34823 2713 12 York York NNP 34823 2713 13 City City NNP 34823 2713 14 ? ? . 34823 2714 1 Dean Dean NNP 34823 2714 2 Kinley Kinley NNP 34823 2714 3 's 's POS 34823 2714 4 list list NN 34823 2714 5 of of IN 34823 2714 6 the the DT 34823 2714 7 miscellaneous miscellaneous JJ 34823 2714 8 elements element NNS 34823 2714 9 that that WDT 34823 2714 10 enter enter VBP 34823 2714 11 into into IN 34823 2714 12 the the DT 34823 2714 13 " " `` 34823 2714 14 all all DT 34823 2714 15 other other JJ 34823 2714 16 deposits deposit NNS 34823 2714 17 , , , 34823 2714 18 " " '' 34823 2714 19 given give VBN 34823 2714 20 on on IN 34823 2714 21 p. p. NN 34823 2714 22 151 151 CD 34823 2714 23 , , , 34823 2714 24 contains contain VBZ 34823 2714 25 only only RB 34823 2714 26 two two CD 34823 2714 27 that that WDT 34823 2714 28 might may MD 34823 2714 29 be be VB 34823 2714 30 expected expect VBN 34823 2714 31 to to TO 34823 2714 32 bulk bulk VB 34823 2714 33 large large JJ 34823 2714 34 in in IN 34823 2714 35 New New NNP 34823 2714 36 York York NNP 34823 2714 37 without without IN 34823 2714 38 appearing appear VBG 34823 2714 39 in in IN 34823 2714 40 Arkansas Arkansas NNP 34823 2714 41 . . . 34823 2715 1 These these DT 34823 2715 2 are be VBP 34823 2715 3 : : : 34823 2715 4 _ _ NNP 34823 2715 5 brokers broker NNS 34823 2715 6 _ _ NNP 34823 2715 7 , , , 34823 2715 8 _ _ NNP 34823 2715 9 and and CC 34823 2715 10 stock stock NN 34823 2715 11 and and CC 34823 2715 12 bond bond NN 34823 2715 13 financial financial JJ 34823 2715 14 corporations corporation NNS 34823 2715 15 _ _ NNP 34823 2715 16 . . . 34823 2716 1 Of of RB 34823 2716 2 course course RB 34823 2716 3 , , , 34823 2716 4 theatres theatre NNS 34823 2716 5 , , , 34823 2716 6 hotels hotel NNS 34823 2716 7 , , , 34823 2716 8 publishing publish VBG 34823 2716 9 houses house NNS 34823 2716 10 , , , 34823 2716 11 railroads railroad NNS 34823 2716 12 , , , 34823 2716 13 public public JJ 34823 2716 14 funds fund NNS 34823 2716 15 , , , 34823 2716 16 " " `` 34823 2716 17 those those DT 34823 2716 18 who who WP 34823 2716 19 have have VBP 34823 2716 20 no no DT 34823 2716 21 specific specific JJ 34823 2716 22 business business NN 34823 2716 23 , , , 34823 2716 24 " " '' 34823 2716 25 and and CC 34823 2716 26 rich rich JJ 34823 2716 27 churches church NNS 34823 2716 28 , , , 34823 2716 29 will will MD 34823 2716 30 all all DT 34823 2716 31 be be VB 34823 2716 32 absolutely absolutely RB 34823 2716 33 much much RB 34823 2716 34 larger large JJR 34823 2716 35 in in IN 34823 2716 36 New New NNP 34823 2716 37 York York NNP 34823 2716 38 City City NNP 34823 2716 39 than than IN 34823 2716 40 in in IN 34823 2716 41 Arkansas Arkansas NNP 34823 2716 42 . . . 34823 2717 1 But but CC 34823 2717 2 these these DT 34823 2717 3 things thing NNS 34823 2717 4 may may MD 34823 2717 5 be be VB 34823 2717 6 found find VBN 34823 2717 7 in in IN 34823 2717 8 many many JJ 34823 2717 9 places place NNS 34823 2717 10 , , , 34823 2717 11 scattered scatter VBN 34823 2717 12 throughout throughout IN 34823 2717 13 the the DT 34823 2717 14 cities city NNS 34823 2717 15 of of IN 34823 2717 16 the the DT 34823 2717 17 country country NN 34823 2717 18 , , , 34823 2717 19 without without IN 34823 2717 20 making make VBG 34823 2717 21 anything anything NN 34823 2717 22 like like IN 34823 2717 23 such such JJ 34823 2717 24 " " `` 34823 2717 25 all all DT 34823 2717 26 other other JJ 34823 2717 27 " " '' 34823 2717 28 deposits deposit NNS 34823 2717 29 as as IN 34823 2717 30 New New NNP 34823 2717 31 York York NNP 34823 2717 32 shows show VBZ 34823 2717 33 . . . 34823 2718 1 It -PRON- PRP 34823 2718 2 is be VBZ 34823 2718 3 not not RB 34823 2718 4 New New NNP 34823 2718 5 York York NNP 34823 2718 6 's 's POS 34823 2718 7 foreign foreign JJ 34823 2718 8 commerce commerce NN 34823 2718 9 that that WDT 34823 2718 10 does do VBZ 34823 2718 11 it -PRON- PRP 34823 2718 12 , , , 34823 2718 13 because because IN 34823 2718 14 that that DT 34823 2718 15 is be VBZ 34823 2718 16 represented represent VBN 34823 2718 17 in in IN 34823 2718 18 New New NNP 34823 2718 19 York York NNP 34823 2718 20 's 's POS 34823 2718 21 " " `` 34823 2718 22 wholesale wholesale JJ 34823 2718 23 deposits deposit NNS 34823 2718 24 , , , 34823 2718 25 " " '' 34823 2718 26 which which WDT 34823 2718 27 make make VBP 34823 2718 28 up up RP 34823 2718 29 only only RB 34823 2718 30 14 14 CD 34823 2718 31 % % NN 34823 2718 32 of of IN 34823 2718 33 New New NNP 34823 2718 34 York York NNP 34823 2718 35 City City NNP 34823 2718 36 's 's POS 34823 2718 37 total total JJ 34823 2718 38 deposits deposit NNS 34823 2718 39 for for IN 34823 2718 40 the the DT 34823 2718 41 day day NN 34823 2718 42 . . . 34823 2719 1 It -PRON- PRP 34823 2719 2 can can MD 34823 2719 3 not not RB 34823 2719 4 be be VB 34823 2719 5 the the DT 34823 2719 6 supposed suppose VBN 34823 2719 7 " " `` 34823 2719 8 clearing clearing NNP 34823 2719 9 house house NN 34823 2719 10 " " '' 34823 2719 11 function function NN 34823 2719 12 of of IN 34823 2719 13 New New NNP 34823 2719 14 York York NNP 34823 2719 15 City,[254 City,[254 NNP 34823 2719 16 ] ] -RRB- 34823 2719 17 whereby whereby WRB 34823 2719 18 banks bank NNS 34823 2719 19 in in IN 34823 2719 20 different different JJ 34823 2719 21 parts part NNS 34823 2719 22 of of IN 34823 2719 23 the the DT 34823 2719 24 country country NN 34823 2719 25 pay pay VB 34823 2719 26 their -PRON- PRP$ 34823 2719 27 balances balance NNS 34823 2719 28 due due JJ 34823 2719 29 one one CD 34823 2719 30 another another DT 34823 2719 31 in in IN 34823 2719 32 New New NNP 34823 2719 33 York York NNP 34823 2719 34 exchange exchange NN 34823 2719 35 , , , 34823 2719 36 because because IN 34823 2719 37 such such JJ 34823 2719 38 transactions transaction NNS 34823 2719 39 would would MD 34823 2719 40 appear appear VB 34823 2719 41 in in IN 34823 2719 42 New New NNP 34823 2719 43 York York NNP 34823 2719 44 chiefly chiefly RB 34823 2719 45 in in IN 34823 2719 46 the the DT 34823 2719 47 figures figure NNS 34823 2719 48 for for IN 34823 2719 49 deposits deposit NNS 34823 2719 50 made make VBN 34823 2719 51 by by IN 34823 2719 52 one one CD 34823 2719 53 bank bank NN 34823 2719 54 in in IN 34823 2719 55 another another DT 34823 2719 56 , , , 34823 2719 57 and and CC 34823 2719 58 these these DT 34823 2719 59 figures figure NNS 34823 2719 60 are be VBP 34823 2719 61 excluded exclude VBN 34823 2719 62 from from IN 34823 2719 63 Kinley Kinley NNP 34823 2719 64 's 's POS 34823 2719 65 totals total NNS 34823 2719 66 . . . 34823 2720 1 It -PRON- PRP 34823 2720 2 can can MD 34823 2720 3 not not RB 34823 2720 4 be be VB 34823 2720 5 the the DT 34823 2720 6 deposits deposit NNS 34823 2720 7 of of IN 34823 2720 8 the the DT 34823 2720 9 " " `` 34823 2720 10 idle idle JJ 34823 2720 11 rich rich JJ 34823 2720 12 " " '' 34823 2720 13 for for IN 34823 2720 14 current current JJ 34823 2720 15 expenses expense NNS 34823 2720 16 that that WDT 34823 2720 17 swell swell VBP 34823 2720 18 New New NNP 34823 2720 19 York York NNP 34823 2720 20 's 's POS 34823 2720 21 " " `` 34823 2720 22 all all DT 34823 2720 23 other other JJ 34823 2720 24 deposits deposit NNS 34823 2720 25 " " `` 34823 2720 26 so so RB 34823 2720 27 greatly greatly RB 34823 2720 28 -- -- : 34823 2720 29 these these DT 34823 2720 30 could could MD 34823 2720 31 not not RB 34823 2720 32 equal equal VB 34823 2720 33 the the DT 34823 2720 34 total total JJ 34823 2720 35 retail retail JJ 34823 2720 36 deposits deposit NNS 34823 2720 37 of of IN 34823 2720 38 the the DT 34823 2720 39 city city NN 34823 2720 40 , , , 34823 2720 41 which which WDT 34823 2720 42 are be VBP 34823 2720 43 only only RB 34823 2720 44 3.7 3.7 CD 34823 2720 45 % % NN 34823 2720 46 of of IN 34823 2720 47 the the DT 34823 2720 48 total total NN 34823 2720 49 in in IN 34823 2720 50 New New NNP 34823 2720 51 York York NNP 34823 2720 52 . . . 34823 2721 1 Moreover moreover RB 34823 2721 2 , , , 34823 2721 3 similar similar JJ 34823 2721 4 deposits deposit NNS 34823 2721 5 are be VBP 34823 2721 6 made make VBN 34823 2721 7 in in IN 34823 2721 8 many many JJ 34823 2721 9 other other JJ 34823 2721 10 cities city NNS 34823 2721 11 , , , 34823 2721 12 without without IN 34823 2721 13 , , , 34823 2721 14 in in IN 34823 2721 15 proportion proportion NN 34823 2721 16 to to IN 34823 2721 17 population population NN 34823 2721 18 , , , 34823 2721 19 making make VBG 34823 2721 20 any any DT 34823 2721 21 such such JJ 34823 2721 22 totals total NNS 34823 2721 23 . . . 34823 2722 1 Figures figure NNS 34823 2722 2 , , , 34823 2722 3 moreover moreover RB 34823 2722 4 , , , 34823 2722 5 for for IN 34823 2722 6 the the DT 34823 2722 7 aggregate aggregate JJ 34823 2722 8 yearly yearly JJ 34823 2722 9 income income NN 34823 2722 10 of of IN 34823 2722 11 the the DT 34823 2722 12 United United NNP 34823 2722 13 States States NNP 34823 2722 14 , , , 34823 2722 15 and and CC 34823 2722 16 for for IN 34823 2722 17 the the DT 34823 2722 18 distribution distribution NN 34823 2722 19 of of IN 34823 2722 20 that that DT 34823 2722 21 income income NN 34823 2722 22 between between IN 34823 2722 23 rich rich JJ 34823 2722 24 and and CC 34823 2722 25 poor poor JJ 34823 2722 26 , , , 34823 2722 27 make make VB 34823 2722 28 it -PRON- PRP 34823 2722 29 clear clear JJ 34823 2722 30 that that IN 34823 2722 31 any any DT 34823 2722 32 such such JJ 34823 2722 33 items item NNS 34823 2722 34 must must MD 34823 2722 35 be be VB 34823 2722 36 bagatelles bagatelle NNS 34823 2722 37 in in IN 34823 2722 38 comparison comparison NN 34823 2722 39 with with IN 34823 2722 40 these these DT 34823 2722 41 enormous enormous JJ 34823 2722 42 figures figure NNS 34823 2722 43 . . . 34823 2723 1 The the DT 34823 2723 2 only only JJ 34823 2723 3 explanation explanation NN 34823 2723 4 that that WDT 34823 2723 5 will will MD 34823 2723 6 really really RB 34823 2723 7 explain explain VB 34823 2723 8 is be VBZ 34823 2723 9 the the DT 34823 2723 10 speculative speculative JJ 34823 2723 11 and and CC 34823 2723 12 investment investment NN 34823 2723 13 and and CC 34823 2723 14 financial financial JJ 34823 2723 15 transactions transaction NNS 34823 2723 16 that that WDT 34823 2723 17 centre centre NN 34823 2723 18 in in IN 34823 2723 19 New New NNP 34823 2723 20 York York NNP 34823 2723 21 , , , 34823 2723 22 and and CC 34823 2723 23 , , , 34823 2723 24 in in IN 34823 2723 25 less less JJR 34823 2723 26 degree degree NN 34823 2723 27 , , , 34823 2723 28 in in IN 34823 2723 29 the the DT 34823 2723 30 other other JJ 34823 2723 31 great great JJ 34823 2723 32 financial financial JJ 34823 2723 33 cities city NNS 34823 2723 34 of of IN 34823 2723 35 the the DT 34823 2723 36 country country NN 34823 2723 37 . . . 34823 2724 1 This this DT 34823 2724 2 is be VBZ 34823 2724 3 Dean Dean NNP 34823 2724 4 Kinley Kinley NNP 34823 2724 5 's 's POS 34823 2724 6 opinion opinion NN 34823 2724 7 . . . 34823 2725 1 In in IN 34823 2725 2 the the DT 34823 2725 3 " " `` 34823 2725 4 all all DT 34823 2725 5 other other JJ 34823 2725 6 " " '' 34823 2725 7 deposits deposit NNS 34823 2725 8 he -PRON- PRP 34823 2725 9 makes make VBZ 34823 2725 10 a a DT 34823 2725 11 50 50 CD 34823 2725 12 % % NN 34823 2725 13 allowance allowance NN 34823 2725 14 for for IN 34823 2725 15 speculative speculative JJ 34823 2725 16 transactions transaction NNS 34823 2725 17 . . . 34823 2726 1 " " `` 34823 2726 2 A a DT 34823 2726 3 large large JJ 34823 2726 4 proportion proportion NN 34823 2726 5 of of IN 34823 2726 6 deposits deposit NNS 34823 2726 7 in in IN 34823 2726 8 this this DT 34823 2726 9 ' ' '' 34823 2726 10 all all DT 34823 2726 11 others other NNS 34823 2726 12 ' ' POS 34823 2726 13 class class NN 34823 2726 14 undoubtedly undoubtedly RB 34823 2726 15 represents represent VBZ 34823 2726 16 speculative speculative JJ 34823 2726 17 transactions transaction NNS 34823 2726 18 , , , 34823 2726 19 all all DT 34823 2726 20 of of IN 34823 2726 21 which which WDT 34823 2726 22 , , , 34823 2726 23 or or CC 34823 2726 24 practically practically RB 34823 2726 25 all all DT 34823 2726 26 of of IN 34823 2726 27 which which WDT 34823 2726 28 , , , 34823 2726 29 are be VBP 34823 2726 30 settled settle VBN 34823 2726 31 with with IN 34823 2726 32 credit credit NN 34823 2726 33 paper paper NN 34823 2726 34 . . . 34823 2727 1 " " `` 34823 2727 2 [ [ -LRB- 34823 2727 3 255 255 CD 34823 2727 4 ] ] -RRB- 34823 2727 5 It -PRON- PRP 34823 2727 6 is be VBZ 34823 2727 7 also also RB 34823 2727 8 the the DT 34823 2727 9 opinion opinion NN 34823 2727 10 of of IN 34823 2727 11 General General NNP 34823 2727 12 Francis Francis NNP 34823 2727 13 A. a. NN 34823 2727 14 Walker Walker NNP 34823 2727 15 , , , 34823 2727 16 expressed express VBD 34823 2727 17 concerning concern VBG 34823 2727 18 similar similar JJ 34823 2727 19 figures figure NNS 34823 2727 20 from from IN 34823 2727 21 earlier early JJR 34823 2727 22 inquiries inquiry NNS 34823 2727 23 . . . 34823 2728 1 [ [ -LRB- 34823 2728 2 256 256 CD 34823 2728 3 ] ] -RRB- 34823 2728 4 Various various JJ 34823 2728 5 kinds kind NNS 34823 2728 6 of of IN 34823 2728 7 evidence evidence NN 34823 2728 8 converge converge VBP 34823 2728 9 toward toward IN 34823 2728 10 this this DT 34823 2728 11 conclusion conclusion NN 34823 2728 12 . . . 34823 2729 1 Thus thus RB 34823 2729 2 , , , 34823 2729 3 the the DT 34823 2729 4 evidence evidence NN 34823 2729 5 of of IN 34823 2729 6 clearings clearing NNS 34823 2729 7 , , , 34823 2729 8 total total JJ 34823 2729 9 items item NNS 34823 2729 10 presented present VBN 34823 2729 11 by by IN 34823 2729 12 banks bank NNS 34823 2729 13 to to IN 34823 2729 14 the the DT 34823 2729 15 clearing clearing NN 34823 2729 16 houses house NNS 34823 2729 17 of of IN 34823 2729 18 the the DT 34823 2729 19 country country NN 34823 2729 20 . . . 34823 2730 1 New New NNP 34823 2730 2 York York NNP 34823 2730 3 clearings clearing NNS 34823 2730 4 are be VBP 34823 2730 5 usually usually RB 34823 2730 6 nearly nearly RB 34823 2730 7 twice twice RB 34823 2730 8 as as RB 34823 2730 9 great great JJ 34823 2730 10 as as IN 34823 2730 11 total total JJ 34823 2730 12 clearings clearing NNS 34823 2730 13 for for IN 34823 2730 14 the the DT 34823 2730 15 rest rest NN 34823 2730 16 of of IN 34823 2730 17 the the DT 34823 2730 18 country country NN 34823 2730 19 . . . 34823 2731 1 New New NNP 34823 2731 2 York York NNP 34823 2731 3 clearings clearing NNS 34823 2731 4 fluctuate fluctuate VBP 34823 2731 5 in in IN 34823 2731 6 general general JJ 34823 2731 7 harmony harmony NN 34823 2731 8 with with IN 34823 2731 9 transactions transaction NNS 34823 2731 10 on on IN 34823 2731 11 the the DT 34823 2731 12 New New NNP 34823 2731 13 York York NNP 34823 2731 14 Stock Stock NNP 34823 2731 15 Exchange Exchange NNP 34823 2731 16 . . . 34823 2732 1 This this DT 34823 2732 2 has have VBZ 34823 2732 3 been be VBN 34823 2732 4 commented comment VBN 34823 2732 5 on on IN 34823 2732 6 many many JJ 34823 2732 7 times time NNS 34823 2732 8 . . . 34823 2733 1 The the DT 34823 2733 2 extent extent NN 34823 2733 3 to to TO 34823 2733 4 which which WDT 34823 2733 5 it -PRON- PRP 34823 2733 6 holds hold VBZ 34823 2733 7 has have VBZ 34823 2733 8 recently recently RB 34823 2733 9 been be VBN 34823 2733 10 carefully carefully RB 34823 2733 11 measured measure VBN 34823 2733 12 by by IN 34823 2733 13 Mr. Mr. NNP 34823 2733 14 N. N. NNP 34823 2733 15 J. J. NNP 34823 2733 16 Silberling Silberling NNP 34823 2733 17 , , , 34823 2733 18 whose whose WP$ 34823 2733 19 results result NNS 34823 2733 20 appear appear VBP 34823 2733 21 in in IN 34823 2733 22 the the DT 34823 2733 23 _ _ NNP 34823 2733 24 Annalist Annalist NNP 34823 2733 25 _ _ NNP 34823 2733 26 for for IN 34823 2733 27 August August NNP 34823 2733 28 14 14 CD 34823 2733 29 , , , 34823 2733 30 1916 1916 CD 34823 2733 31 , , , 34823 2733 32 under under IN 34823 2733 33 the the DT 34823 2733 34 title title NN 34823 2733 35 , , , 34823 2733 36 " " `` 34823 2733 37 The the DT 34823 2733 38 Mystery mystery NN 34823 2733 39 of of IN 34823 2733 40 Clearings Clearings NNPS 34823 2733 41 . . . 34823 2733 42 " " '' 34823 2734 1 Mr. Mr. NNP 34823 2734 2 Silberling Silberling NNP 34823 2734 3 applies apply VBZ 34823 2734 4 the the DT 34823 2734 5 " " `` 34823 2734 6 coefficient coefficient NN 34823 2734 7 of of IN 34823 2734 8 correlation correlation NN 34823 2734 9 " " '' 34823 2734 10 to to IN 34823 2734 11 the the DT 34823 2734 12 problem problem NN 34823 2734 13 , , , 34823 2734 14 getting get VBG 34823 2734 15 in in IN 34823 2734 16 one one CD 34823 2734 17 significant significant JJ 34823 2734 18 figure figure NN 34823 2734 19 a a DT 34823 2734 20 measure measure NN 34823 2734 21 of of IN 34823 2734 22 the the DT 34823 2734 23 extent extent NN 34823 2734 24 to to TO 34823 2734 25 which which WDT 34823 2734 26 two two CD 34823 2734 27 variables variable NNS 34823 2734 28 , , , 34823 2734 29 as as IN 34823 2734 30 share share NN 34823 2734 31 sales sale NNS 34823 2734 32 on on IN 34823 2734 33 the the DT 34823 2734 34 New New NNP 34823 2734 35 York York NNP 34823 2734 36 Stock Stock NNP 34823 2734 37 Exchange Exchange NNP 34823 2734 38 and and CC 34823 2734 39 New New NNP 34823 2734 40 York York NNP 34823 2734 41 clearings clearing NNS 34823 2734 42 , , , 34823 2734 43 vary vary VBP 34823 2734 44 together together RB 34823 2734 45 . . . 34823 2735 1 This this DT 34823 2735 2 coefficient coefficient NN 34823 2735 3 has have VBZ 34823 2735 4 been be VBN 34823 2735 5 used use VBN 34823 2735 6 enough enough RB 34823 2735 7 by by IN 34823 2735 8 economists economist NNS 34823 2735 9 not not RB 34823 2735 10 to to TO 34823 2735 11 require require VB 34823 2735 12 detailed detailed JJ 34823 2735 13 explanation explanation NN 34823 2735 14 here here RB 34823 2735 15 . . . 34823 2736 1 It -PRON- PRP 34823 2736 2 is be VBZ 34823 2736 3 a a DT 34823 2736 4 figure figure NN 34823 2736 5 always always RB 34823 2736 6 between between IN 34823 2736 7 +1 +1 NNPS 34823 2736 8 and and CC 34823 2736 9 -1 -1 . 34823 2736 10 . . . 34823 2737 1 +1 +1 NNPS 34823 2737 2 indicates indicate VBZ 34823 2737 3 that that IN 34823 2737 4 the the DT 34823 2737 5 two two CD 34823 2737 6 variables variable NNS 34823 2737 7 in in IN 34823 2737 8 question question NN 34823 2737 9 are be VBP 34823 2737 10 perfectly perfectly RB 34823 2737 11 correlated correlate VBN 34823 2737 12 , , , 34823 2737 13 whereas whereas IN 34823 2737 14 0 0 CD 34823 2737 15 indicates indicate VBZ 34823 2737 16 no no DT 34823 2737 17 correlation correlation NN 34823 2737 18 whatever whatever WDT 34823 2737 19 . . . 34823 2738 1 -1 -1 : 34823 2738 2 indicates indicate VBZ 34823 2738 3 an an DT 34823 2738 4 inverse inverse NN 34823 2738 5 correlation correlation NN 34823 2738 6 , , , 34823 2738 7 such such JJ 34823 2738 8 that that IN 34823 2738 9 two two CD 34823 2738 10 variables variable NNS 34823 2738 11 vary vary VBP 34823 2738 12 exactly exactly RB 34823 2738 13 and and CC 34823 2738 14 inversely inversely RB 34823 2738 15 with with IN 34823 2738 16 reference reference NN 34823 2738 17 to to IN 34823 2738 18 one one CD 34823 2738 19 another another DT 34823 2738 20 . . . 34823 2739 1 [ [ -LRB- 34823 2739 2 257 257 CD 34823 2739 3 ] ] -RRB- 34823 2739 4 Mr. Mr. NNP 34823 2739 5 Silberling Silberling NNP 34823 2739 6 's 's POS 34823 2739 7 studies study NNS 34823 2739 8 show show VBP 34823 2739 9 the the DT 34823 2739 10 following following JJ 34823 2739 11 correlations correlation NNS 34823 2739 12 : : : 34823 2739 13 New New NNP 34823 2739 14 York York NNP 34823 2739 15 share share NN 34823 2739 16 sales sale NNS 34823 2739 17 ( ( -LRB- 34823 2739 18 numbers number NNS 34823 2739 19 of of IN 34823 2739 20 shares share NNS 34823 2739 21 , , , 34823 2739 22 not not RB 34823 2739 23 values value NNS 34823 2739 24 ) ) -RRB- 34823 2739 25 to to IN 34823 2739 26 New New NNP 34823 2739 27 York York NNP 34823 2739 28 clearings clearing NNS 34823 2739 29 , , , 34823 2739 30 using use VBG 34823 2739 31 weekly weekly JJ 34823 2739 32 figures figure NNS 34823 2739 33 , , , 34823 2739 34 for for IN 34823 2739 35 the the DT 34823 2739 36 years year NNS 34823 2739 37 1909 1909 CD 34823 2739 38 - - SYM 34823 2739 39 10 10 CD 34823 2739 40 , , , 34823 2739 41 r r NN 34823 2739 42 = = SYM 34823 2739 43 .628 .628 CD 34823 2739 44 . . . 34823 2740 1 This this DT 34823 2740 2 is be VBZ 34823 2740 3 a a DT 34823 2740 4 high high JJ 34823 2740 5 correlation correlation NN 34823 2740 6 . . . 34823 2741 1 Limiting limit VBG 34823 2741 2 the the DT 34823 2741 3 observations observation NNS 34823 2741 4 to to IN 34823 2741 5 the the DT 34823 2741 6 middle middle JJ 34823 2741 7 weeks week NNS 34823 2741 8 of of IN 34823 2741 9 the the DT 34823 2741 10 month month NN 34823 2741 11 for for IN 34823 2741 12 the the DT 34823 2741 13 same same JJ 34823 2741 14 period period NN 34823 2741 15 , , , 34823 2741 16 he -PRON- PRP 34823 2741 17 gets get VBZ 34823 2741 18 r r NN 34823 2741 19 = = SYM 34823 2741 20 .731(46 .731(46 . 34823 2741 21 ) ) -RRB- 34823 2741 22 . . . 34823 2742 1 The the DT 34823 2742 2 reason reason NN 34823 2742 3 for for IN 34823 2742 4 taking take VBG 34823 2742 5 only only RB 34823 2742 6 middle middle JJ 34823 2742 7 weeks week NNS 34823 2742 8 in in IN 34823 2742 9 the the DT 34823 2742 10 month month NN 34823 2742 11 is be VBZ 34823 2742 12 that that IN 34823 2742 13 thereby thereby RB 34823 2742 14 the the DT 34823 2742 15 disturbing disturbing JJ 34823 2742 16 factor factor NN 34823 2742 17 of of IN 34823 2742 18 monthly monthly JJ 34823 2742 19 settlements settlement NNS 34823 2742 20 is be VBZ 34823 2742 21 avoided avoid VBN 34823 2742 22 . . . 34823 2743 1 The the DT 34823 2743 2 monthly monthly JJ 34823 2743 3 settlements settlement NNS 34823 2743 4 may may MD 34823 2743 5 be be VB 34823 2743 6 for for IN 34823 2743 7 stock stock NN 34823 2743 8 transactions transaction NNS 34823 2743 9 , , , 34823 2743 10 or or CC 34823 2743 11 may may MD 34823 2743 12 be be VB 34823 2743 13 for for IN 34823 2743 14 other other JJ 34823 2743 15 things thing NNS 34823 2743 16 , , , 34823 2743 17 but but CC 34823 2743 18 as as IN 34823 2743 19 they -PRON- PRP 34823 2743 20 are be VBP 34823 2743 21 not not RB 34823 2743 22 dependent dependent JJ 34823 2743 23 on on IN 34823 2743 24 the the DT 34823 2743 25 stock stock NN 34823 2743 26 transactions transaction NNS 34823 2743 27 _ _ NNP 34823 2743 28 of of IN 34823 2743 29 the the DT 34823 2743 30 week week NN 34823 2743 31 _ _ NNP 34823 2743 32 in in IN 34823 2743 33 which which WDT 34823 2743 34 they -PRON- PRP 34823 2743 35 occur occur VBP 34823 2743 36 , , , 34823 2743 37 their -PRON- PRP$ 34823 2743 38 effect effect NN 34823 2743 39 is be VBZ 34823 2743 40 to to TO 34823 2743 41 lessen lessen VB 34823 2743 42 the the DT 34823 2743 43 evident evident JJ 34823 2743 44 degree degree NN 34823 2743 45 of of IN 34823 2743 46 connection connection NN 34823 2743 47 between between IN 34823 2743 48 stock stock NN 34823 2743 49 sales sale NNS 34823 2743 50 and and CC 34823 2743 51 clearings clearing NNS 34823 2743 52 . . . 34823 2744 1 Thus thus RB 34823 2744 2 the the DT 34823 2744 3 middle middle JJ 34823 2744 4 weeks week NNS 34823 2744 5 show show VBP 34823 2744 6 a a DT 34823 2744 7 closer close JJR 34823 2744 8 correlation correlation NN 34823 2744 9 between between IN 34823 2744 10 the the DT 34823 2744 11 two two CD 34823 2744 12 variables variable NNS 34823 2744 13 than than IN 34823 2744 14 do do VBP 34823 2744 15 all all PDT 34823 2744 16 the the DT 34823 2744 17 weeks week NNS 34823 2744 18 taken take VBN 34823 2744 19 as as IN 34823 2744 20 they -PRON- PRP 34823 2744 21 come come VBP 34823 2744 22 . . . 34823 2745 1 If if IN 34823 2745 2 figures figure NNS 34823 2745 3 for for IN 34823 2745 4 the the DT 34823 2745 5 month month NN 34823 2745 6 were be VBD 34823 2745 7 taken take VBN 34823 2745 8 , , , 34823 2745 9 this this DT 34823 2745 10 complication complication NN 34823 2745 11 would would MD 34823 2745 12 be be VB 34823 2745 13 smoothed smooth VBN 34823 2745 14 out out RP 34823 2745 15 , , , 34823 2745 16 and and CC 34823 2745 17 a a DT 34823 2745 18 fairer fair JJR 34823 2745 19 result result NN 34823 2745 20 might may MD 34823 2745 21 be be VB 34823 2745 22 expected expect VBN 34823 2745 23 to to TO 34823 2745 24 appear appear VB 34823 2745 25 . . . 34823 2746 1 The the DT 34823 2746 2 middle middle JJ 34823 2746 3 weeks week NNS 34823 2746 4 , , , 34823 2746 5 eliminating eliminate VBG 34823 2746 6 monthly monthly JJ 34823 2746 7 settlements settlement NNS 34823 2746 8 , , , 34823 2746 9 probably probably RB 34823 2746 10 eliminate eliminate VB 34823 2746 11 more more JJR 34823 2746 12 other other JJ 34823 2746 13 things thing NNS 34823 2746 14 than than IN 34823 2746 15 they -PRON- PRP 34823 2746 16 do do VBP 34823 2746 17 share share VB 34823 2746 18 sales sale NNS 34823 2746 19 ( ( -LRB- 34823 2746 20 which which WDT 34823 2746 21 are be VBP 34823 2746 22 in in IN 34823 2746 23 large large JJ 34823 2746 24 degree degree NN 34823 2746 25 paid pay VBN 34823 2746 26 for for IN 34823 2746 27 in in IN 34823 2746 28 24 24 CD 34823 2746 29 hours[258 hours[258 NNP 34823 2746 30 ] ] -RRB- 34823 2746 31 ) ) -RRB- 34823 2746 32 , , , 34823 2746 33 and and CC 34823 2746 34 so so RB 34823 2746 35 exaggerate exaggerate VB 34823 2746 36 somewhat somewhat RB 34823 2746 37 the the DT 34823 2746 38 relation relation NN 34823 2746 39 between between IN 34823 2746 40 shares share NNS 34823 2746 41 and and CC 34823 2746 42 clearings clearing NNS 34823 2746 43 . . . 34823 2747 1 Monthly monthly JJ 34823 2747 2 figures figure NNS 34823 2747 3 avoid avoid VBP 34823 2747 4 both both DT 34823 2747 5 complications complication NNS 34823 2747 6 , , , 34823 2747 7 though though IN 34823 2747 8 they -PRON- PRP 34823 2747 9 lose lose VBP 34823 2747 10 something something NN 34823 2747 11 of of IN 34823 2747 12 the the DT 34823 2747 13 concrete concrete JJ 34823 2747 14 causation causation NN 34823 2747 15 . . . 34823 2748 1 An an DT 34823 2748 2 intermediate intermediate JJ 34823 2748 3 figure figure NN 34823 2748 4 might may MD 34823 2748 5 be be VB 34823 2748 6 expected expect VBN 34823 2748 7 for for IN 34823 2748 8 the the DT 34823 2748 9 monthly monthly JJ 34823 2748 10 correlation correlation NN 34823 2748 11 , , , 34823 2748 12 and and CC 34823 2748 13 this this DT 34823 2748 14 we -PRON- PRP 34823 2748 15 find find VBP 34823 2748 16 : : : 34823 2748 17 r r LS 34823 2748 18 = = SYM 34823 2748 19 .718(23 .718(23 NFP 34823 2748 20 ) ) -RRB- 34823 2748 21 . . . 34823 2749 1 A a DT 34823 2749 2 striking strike VBG 34823 2749 3 single single JJ 34823 2749 4 fact fact NN 34823 2749 5 in in IN 34823 2749 6 connection connection NN 34823 2749 7 with with IN 34823 2749 8 these these DT 34823 2749 9 figures figure NNS 34823 2749 10 , , , 34823 2749 11 giving give VBG 34823 2749 12 them -PRON- PRP 34823 2749 13 point point NN 34823 2749 14 as as IN 34823 2749 15 less less RBR 34823 2749 16 extreme extreme JJ 34823 2749 17 variations variation NNS 34823 2749 18 could could MD 34823 2749 19 not not RB 34823 2749 20 do do VB 34823 2749 21 , , , 34823 2749 22 is be VBZ 34823 2749 23 found find VBN 34823 2749 24 in in IN 34823 2749 25 the the DT 34823 2749 26 behavior behavior NN 34823 2749 27 of of IN 34823 2749 28 clearings clearing NNS 34823 2749 29 when when WRB 34823 2749 30 the the DT 34823 2749 31 Stock Stock NNP 34823 2749 32 Exchange Exchange NNP 34823 2749 33 was be VBD 34823 2749 34 closed closed JJ 34823 2749 35 , , , 34823 2749 36 during during IN 34823 2749 37 the the DT 34823 2749 38 crisis crisis NN 34823 2749 39 of of IN 34823 2749 40 1914 1914 CD 34823 2749 41 . . . 34823 2750 1 At at IN 34823 2750 2 that that DT 34823 2750 3 time time NN 34823 2750 4 , , , 34823 2750 5 New New NNP 34823 2750 6 York York NNP 34823 2750 7 clearings clearing NNS 34823 2750 8 , , , 34823 2750 9 which which WDT 34823 2750 10 had have VBD 34823 2750 11 been be VBN 34823 2750 12 about about RB 34823 2750 13 twice twice RB 34823 2750 14 as as RB 34823 2750 15 great great JJ 34823 2750 16 as as IN 34823 2750 17 country country NN 34823 2750 18 clearings clearing NNS 34823 2750 19 , , , 34823 2750 20 fell fall VBD 34823 2750 21 suddenly suddenly RB 34823 2750 22 _ _ NNP 34823 2750 23 below below IN 34823 2750 24 _ _ NNP 34823 2750 25 country country NN 34823 2750 26 clearings clearing NNS 34823 2750 27 . . . 34823 2751 1 When when WRB 34823 2751 2 the the DT 34823 2751 3 Stock Stock NNP 34823 2751 4 Exchange Exchange NNP 34823 2751 5 was be VBD 34823 2751 6 opened open VBN 34823 2751 7 , , , 34823 2751 8 the the DT 34823 2751 9 old old JJ 34823 2751 10 proportions proportion NNS 34823 2751 11 suddenly suddenly RB 34823 2751 12 reappeared reappear VBD 34823 2751 13 . . . 34823 2752 1 That that DT 34823 2752 2 speculation speculation NN 34823 2752 3 spreads spread VBZ 34823 2752 4 far far RB 34823 2752 5 beyond beyond IN 34823 2752 6 New New NNP 34823 2752 7 York York NNP 34823 2752 8 , , , 34823 2752 9 New New NNP 34823 2752 10 York York NNP 34823 2752 11 being be VBG 34823 2752 12 the the DT 34823 2752 13 centre centre NN 34823 2752 14 for for IN 34823 2752 15 dealings dealing NNS 34823 2752 16 in in IN 34823 2752 17 securities security NNS 34823 2752 18 , , , 34823 2752 19 etc etc FW 34823 2752 20 . . FW 34823 2752 21 , , , 34823 2752 22 which which WDT 34823 2752 23 involve involve VBP 34823 2752 24 the the DT 34823 2752 25 whole whole JJ 34823 2752 26 country country NN 34823 2752 27 , , , 34823 2752 28 is be VBZ 34823 2752 29 , , , 34823 2752 30 of of IN 34823 2752 31 course course NN 34823 2752 32 , , , 34823 2752 33 well well RB 34823 2752 34 known known JJ 34823 2752 35 . . . 34823 2753 1 The the DT 34823 2753 2 extent extent NN 34823 2753 3 of of IN 34823 2753 4 this this DT 34823 2753 5 Mr. Mr. NNP 34823 2753 6 Silberling Silberling NNP 34823 2753 7 seeks seek VBZ 34823 2753 8 to to TO 34823 2753 9 measure measure VB 34823 2753 10 by by IN 34823 2753 11 correlating correlate VBG 34823 2753 12 clearings clearing NNS 34823 2753 13 outside outside IN 34823 2753 14 New New NNP 34823 2753 15 York York NNP 34823 2753 16 with with IN 34823 2753 17 New New NNP 34823 2753 18 York York NNP 34823 2753 19 share share NN 34823 2753 20 sales sale NNS 34823 2753 21 . . . 34823 2754 1 His -PRON- PRP$ 34823 2754 2 weekly weekly JJ 34823 2754 3 correlation correlation NN 34823 2754 4 for for IN 34823 2754 5 these these DT 34823 2754 6 two two CD 34823 2754 7 variables variable NNS 34823 2754 8 for for IN 34823 2754 9 1909 1909 CD 34823 2754 10 - - SYM 34823 2754 11 10 10 CD 34823 2754 12 gives give VBZ 34823 2754 13 r r NN 34823 2754 14 = = SYM 34823 2754 15 .368(103 .368(103 . 34823 2754 16 ) ) -RRB- 34823 2754 17 , , , 34823 2754 18 and and CC 34823 2754 19 the the DT 34823 2754 20 correlation correlation NN 34823 2754 21 for for IN 34823 2754 22 the the DT 34823 2754 23 mid mid NN 34823 2754 24 - - NN 34823 2754 25 weeks week NNS 34823 2754 26 gives give VBZ 34823 2754 27 a a DT 34823 2754 28 higher high JJR 34823 2754 29 figure figure NN 34823 2754 30 , , , 34823 2754 31 r r LS 34823 2754 32 = = SYM 34823 2754 33 .424(46 .424(46 . 34823 2754 34 ) ) -RRB- 34823 2754 35 . . . 34823 2755 1 The the DT 34823 2755 2 monthly monthly JJ 34823 2755 3 correlation correlation NN 34823 2755 4 shows show VBZ 34823 2755 5 r r NN 34823 2755 6 = = SYM 34823 2755 7 .257(23 .257(23 . 34823 2755 8 ) ) -RRB- 34823 2755 9 , , , 34823 2755 10 a a DT 34823 2755 11 lower low JJR 34823 2755 12 figure figure NN 34823 2755 13 , , , 34823 2755 14 " " '' 34823 2755 15 which which WDT 34823 2755 16 is be VBZ 34823 2755 17 perhaps perhaps RB 34823 2755 18 due due JJ 34823 2755 19 in in IN 34823 2755 20 part part NN 34823 2755 21 to to IN 34823 2755 22 the the DT 34823 2755 23 fact fact NN 34823 2755 24 that that IN 34823 2755 25 the the DT 34823 2755 26 bulk bulk NN 34823 2755 27 of of IN 34823 2755 28 the the DT 34823 2755 29 outside outside JJ 34823 2755 30 monthly monthly JJ 34823 2755 31 clearings clearing NNS 34823 2755 32 show show VBP 34823 2755 33 relatively relatively RB 34823 2755 34 moderate moderate JJ 34823 2755 35 fluctuations fluctuation NNS 34823 2755 36 , , , 34823 2755 37 because because IN 34823 2755 38 of of IN 34823 2755 39 their -PRON- PRP$ 34823 2755 40 diverse diverse JJ 34823 2755 41 composition composition NN 34823 2755 42 , , , 34823 2755 43 and and CC 34823 2755 44 are be VBP 34823 2755 45 less less RBR 34823 2755 46 sensitive sensitive JJ 34823 2755 47 than than IN 34823 2755 48 the the DT 34823 2755 49 periods period NNS 34823 2755 50 of of IN 34823 2755 51 shorter short JJR 34823 2755 52 length length NN 34823 2755 53 . . . 34823 2755 54 " " '' 34823 2756 1 Seeking seek VBG 34823 2756 2 an an DT 34823 2756 3 index index NN 34823 2756 4 of of IN 34823 2756 5 the the DT 34823 2756 6 variations variation NNS 34823 2756 7 of of IN 34823 2756 8 that that DT 34823 2756 9 trade trade NN 34823 2756 10 which which WDT 34823 2756 11 is be VBZ 34823 2756 12 , , , 34823 2756 13 in in IN 34823 2756 14 Professor Professor NNP 34823 2756 15 Fisher Fisher NNP 34823 2756 16 's 's POS 34823 2756 17 phrase phrase NN 34823 2756 18 , , , 34823 2756 19 governed govern VBN 34823 2756 20 by by IN 34823 2756 21 " " `` 34823 2756 22 physical physical JJ 34823 2756 23 capacities capacity NNS 34823 2756 24 and and CC 34823 2756 25 technique"--a technique"--a NN 34823 2756 26 law law NN 34823 2756 27 which which WDT 34823 2756 28 Professor Professor NNP 34823 2756 29 Fisher,[259 Fisher,[259 NNP 34823 2756 30 ] ] -RRB- 34823 2756 31 as as IN 34823 2756 32 we -PRON- PRP 34823 2756 33 have have VBP 34823 2756 34 seen see VBN 34823 2756 35 , , , 34823 2756 36 would would MD 34823 2756 37 apply apply VB 34823 2756 38 to to IN 34823 2756 39 the the DT 34823 2756 40 great great JJ 34823 2756 41 total total NN 34823 2756 42 of of IN 34823 2756 43 387 387 CD 34823 2756 44 billions billion NNS 34823 2756 45 which which WDT 34823 2756 46 he -PRON- PRP 34823 2756 47 has have VBZ 34823 2756 48 constructed construct VBN 34823 2756 49 -- -- : 34823 2756 50 Mr Mr NNP 34823 2756 51 . . NNP 34823 2756 52 Silberling silberling NN 34823 2756 53 chooses choose VBZ 34823 2756 54 the the DT 34823 2756 55 gross gross JJ 34823 2756 56 earnings earning NNS 34823 2756 57 of of IN 34823 2756 58 the the DT 34823 2756 59 principal principal JJ 34823 2756 60 railways railway NNS 34823 2756 61 as as IN 34823 2756 62 the the DT 34823 2756 63 best well RBS 34823 2756 64 available available JJ 34823 2756 65 test test NN 34823 2756 66 . . . 34823 2757 1 Railways railway NNS 34823 2757 2 deal deal VBP 34823 2757 3 with with IN 34823 2757 4 all all DT 34823 2757 5 manner manner NN 34823 2757 6 of of IN 34823 2757 7 other other JJ 34823 2757 8 enterprises enterprise NNS 34823 2757 9 . . . 34823 2758 1 He -PRON- PRP 34823 2758 2 correlates correlate VBZ 34823 2758 3 this this DT 34823 2758 4 with with IN 34823 2758 5 clearings clearing NNS 34823 2758 6 outside outside IN 34823 2758 7 New New NNP 34823 2758 8 York York NNP 34823 2758 9 . . . 34823 2759 1 " " `` 34823 2759 2 The the DT 34823 2759 3 question question NN 34823 2759 4 might may MD 34823 2759 5 arise arise VB 34823 2759 6 at at IN 34823 2759 7 once once RB 34823 2759 8 whether whether IN 34823 2759 9 changes change NNS 34823 2759 10 in in IN 34823 2759 11 traffic traffic NN 34823 2759 12 are be VBP 34823 2759 13 strictly strictly RB 34823 2759 14 concomitant concomitant JJ 34823 2759 15 with with IN 34823 2759 16 changes change NNS 34823 2759 17 in in IN 34823 2759 18 payments payment NNS 34823 2759 19 involved involve VBN 34823 2759 20 by by IN 34823 2759 21 it -PRON- PRP 34823 2759 22 , , , 34823 2759 23 and and CC 34823 2759 24 therefore therefore RB 34823 2759 25 with with IN 34823 2759 26 the the DT 34823 2759 27 clearings clearing NNS 34823 2759 28 resulting result VBG 34823 2759 29 . . . 34823 2760 1 The the DT 34823 2760 2 preliminary preliminary JJ 34823 2760 3 hypothesis hypothesis NN 34823 2760 4 that that IN 34823 2760 5 a a DT 34823 2760 6 ' ' `` 34823 2760 7 lag lag NN 34823 2760 8 ' ' '' 34823 2760 9 ensued ensue VBN 34823 2760 10 between between IN 34823 2760 11 traffic traffic NN 34823 2760 12 and and CC 34823 2760 13 the the DT 34823 2760 14 bulk bulk NN 34823 2760 15 of of IN 34823 2760 16 the the DT 34823 2760 17 payments payment NNS 34823 2760 18 was be VBD 34823 2760 19 first first RB 34823 2760 20 tested test VBN 34823 2760 21 by by IN 34823 2760 22 correlating correlate VBG 34823 2760 23 the the DT 34823 2760 24 railway railway NN 34823 2760 25 figures figure NNS 34823 2760 26 with with IN 34823 2760 27 clearings clearing NNS 34823 2760 28 of of IN 34823 2760 29 one one CD 34823 2760 30 month[260 month[260 NN 34823 2760 31 ] ] -RRB- 34823 2760 32 and and CC 34823 2760 33 two two CD 34823 2760 34 months month NNS 34823 2760 35 later later RB 34823 2760 36 , , , 34823 2760 37 but but CC 34823 2760 38 no no DT 34823 2760 39 correlation correlation NN 34823 2760 40 was be VBD 34823 2760 41 obtained obtain VBN 34823 2760 42 . . . 34823 2761 1 The the DT 34823 2761 2 direct direct JJ 34823 2761 3 month month NN 34823 2761 4 - - HYPH 34823 2761 5 to to IN 34823 2761 6 - - HYPH 34823 2761 7 month month NN 34823 2761 8 correlation correlation NN 34823 2761 9 yielded yield VBN 34823 2761 10 , , , 34823 2761 11 however however RB 34823 2761 12 , , , 34823 2761 13 a a DT 34823 2761 14 result result NN 34823 2761 15 r r NN 34823 2761 16 = = SYM 34823 2761 17 .524(23 .524(23 . 34823 2761 18 ) ) -RRB- 34823 2761 19 . . . 34823 2761 20 " " '' 34823 2762 1 This this DT 34823 2762 2 suggests suggest VBZ 34823 2762 3 that that IN 34823 2762 4 outside outside JJ 34823 2762 5 clearings clearing NNS 34823 2762 6 are be VBP 34823 2762 7 , , , 34823 2762 8 in in IN 34823 2762 9 substantial substantial JJ 34823 2762 10 degree degree NN 34823 2762 11 , , , 34823 2762 12 an an DT 34823 2762 13 index index NN 34823 2762 14 of of IN 34823 2762 15 physical physical JJ 34823 2762 16 trade trade NN 34823 2762 17 , , , 34823 2762 18 but but CC 34823 2762 19 Mr. Mr. NNP 34823 2762 20 Silberling Silberling NNP 34823 2762 21 calls call VBZ 34823 2762 22 attention attention NN 34823 2762 23 to to IN 34823 2762 24 certain certain JJ 34823 2762 25 chance chance NN 34823 2762 26 agreements agreement NNS 34823 2762 27 between between IN 34823 2762 28 railway railway NN 34823 2762 29 traffic traffic NN 34823 2762 30 and and CC 34823 2762 31 speculation speculation NN 34823 2762 32 in in IN 34823 2762 33 cotton cotton NN 34823 2762 34 and and CC 34823 2762 35 produce produce NN 34823 2762 36 and and CC 34823 2762 37 grain grain NN 34823 2762 38 , , , 34823 2762 39 speculation speculation NN 34823 2762 40 in in IN 34823 2762 41 the the DT 34823 2762 42 crops crop NNS 34823 2762 43 which which WDT 34823 2762 44 are be VBP 34823 2762 45 in in IN 34823 2762 46 current current JJ 34823 2762 47 movement movement NN 34823 2762 48 , , , 34823 2762 49 and and CC 34823 2762 50 regularly regularly RB 34823 2762 51 recurring recur VBG 34823 2762 52 concomitances concomitance NNS 34823 2762 53 between between IN 34823 2762 54 traffic traffic NN 34823 2762 55 and and CC 34823 2762 56 speculation speculation NN 34823 2762 57 in in IN 34823 2762 58 March March NNP 34823 2762 59 , , , 34823 2762 60 when when WRB 34823 2762 61 the the DT 34823 2762 62 railway railway NN 34823 2762 63 traffic traffic NN 34823 2762 64 revives revive NNS 34823 2762 65 after after IN 34823 2762 66 the the DT 34823 2762 67 February February NNP 34823 2762 68 lull lull NN 34823 2762 69 , , , 34823 2762 70 and and CC 34823 2762 71 when when WRB 34823 2762 72 there there EX 34823 2762 73 is be VBZ 34823 2762 74 a a DT 34823 2762 75 large large JJ 34823 2762 76 mass mass NN 34823 2762 77 of of IN 34823 2762 78 dealing deal VBG 34823 2762 79 in in IN 34823 2762 80 Spring Spring NNP 34823 2762 81 deliveries delivery NNS 34823 2762 82 in in IN 34823 2762 83 Chicago Chicago NNP 34823 2762 84 . . . 34823 2763 1 In in IN 34823 2763 2 view view NN 34823 2763 3 of of IN 34823 2763 4 the the DT 34823 2763 5 facts fact NNS 34823 2763 6 later later RB 34823 2763 7 to to TO 34823 2763 8 be be VB 34823 2763 9 developed develop VBN 34823 2763 10 , , , 34823 2763 11 with with IN 34823 2763 12 reference reference NN 34823 2763 13 to to IN 34823 2763 14 the the DT 34823 2763 15 small small JJ 34823 2763 16 actual actual JJ 34823 2763 17 value value NN 34823 2763 18 of of IN 34823 2763 19 the the DT 34823 2763 20 necessary necessary JJ 34823 2763 21 physical physical JJ 34823 2763 22 exchanges exchange NNS 34823 2763 23 ( ( -LRB- 34823 2763 24 partially partially RB 34823 2763 25 covered cover VBN 34823 2763 26 already already RB 34823 2763 27 ) ) -RRB- 34823 2763 28 as as IN 34823 2763 29 compared compare VBN 34823 2763 30 with with IN 34823 2763 31 clearings clearing NNS 34823 2763 32 , , , 34823 2763 33 this this DT 34823 2763 34 query query NN 34823 2763 35 is be VBZ 34823 2763 36 well well RB 34823 2763 37 put put VBN 34823 2763 38 . . . 34823 2764 1 We -PRON- PRP 34823 2764 2 may may MD 34823 2764 3 easily easily RB 34823 2764 4 have have VB 34823 2764 5 here here RB 34823 2764 6 a a DT 34823 2764 7 " " `` 34823 2764 8 spurious spurious JJ 34823 2764 9 " " '' 34823 2764 10 correlation correlation NN 34823 2764 11 . . . 34823 2765 1 Taking take VBG 34823 2765 2 it -PRON- PRP 34823 2765 3 at at IN 34823 2765 4 its -PRON- PRP$ 34823 2765 5 face face NN 34823 2765 6 value value NN 34823 2765 7 , , , 34823 2765 8 however however RB 34823 2765 9 , , , 34823 2765 10 and and CC 34823 2765 11 taking take VBG 34823 2765 12 the the DT 34823 2765 13 correlation correlation NN 34823 2765 14 as as IN 34823 2765 15 indicating indicate VBG 34823 2765 16 the the DT 34823 2765 17 influence influence NN 34823 2765 18 of of IN 34823 2765 19 physical physical JJ 34823 2765 20 trade trade NN 34823 2765 21 on on IN 34823 2765 22 bank bank NN 34823 2765 23 transactions transaction NNS 34823 2765 24 , , , 34823 2765 25 we -PRON- PRP 34823 2765 26 get get VBP 34823 2765 27 the the DT 34823 2765 28 following follow VBG 34823 2765 29 results result NNS 34823 2765 30 , , , 34823 2765 31 when when WRB 34823 2765 32 _ _ NNP 34823 2765 33 total total JJ 34823 2765 34 clearings clearing NNS 34823 2765 35 for for IN 34823 2765 36 the the DT 34823 2765 37 country country NN 34823 2765 38 _ _ NNP 34823 2765 39 are be VBP 34823 2765 40 compared compare VBN 34823 2765 41 with with IN 34823 2765 42 ( ( -LRB- 34823 2765 43 a a DT 34823 2765 44 ) ) -RRB- 34823 2765 45 New New NNP 34823 2765 46 York York NNP 34823 2765 47 share share NN 34823 2765 48 sales sale NNS 34823 2765 49 , , , 34823 2765 50 and and CC 34823 2765 51 ( ( -LRB- 34823 2765 52 b b NN 34823 2765 53 ) ) -RRB- 34823 2765 54 with with IN 34823 2765 55 railway railway NN 34823 2765 56 gross gross JJ 34823 2765 57 earnings earning NNS 34823 2765 58 : : : 34823 2765 59 ( ( -LRB- 34823 2765 60 a a LS 34823 2765 61 ) ) -RRB- 34823 2765 62 r r NN 34823 2765 63 = = NFP 34823 2765 64 .607(23 .607(23 . 34823 2765 65 ) ) -RRB- 34823 2765 66 ; ; : 34823 2765 67 ( ( -LRB- 34823 2765 68 b b NN 34823 2765 69 ) ) -RRB- 34823 2765 70 r r NNP 34823 2765 71 = = SYM 34823 2765 72 .356(23 .356(23 . 34823 2765 73 ) ) -RRB- 34823 2765 74 . . . 34823 2766 1 " " `` 34823 2766 2 Physically physically RB 34823 2766 3 determined determine VBN 34823 2766 4 trade trade NN 34823 2766 5 " " '' 34823 2766 6 is be VBZ 34823 2766 7 at at IN 34823 2766 8 best good JJS 34823 2766 9 a a DT 34823 2766 10 minor minor JJ 34823 2766 11 factor factor NN 34823 2766 12 in in IN 34823 2766 13 that that DT 34823 2766 14 total total JJ 34823 2766 15 " " `` 34823 2766 16 trade trade NN 34823 2766 17 " " '' 34823 2766 18 represented represent VBN 34823 2766 19 by by IN 34823 2766 20 bank bank NN 34823 2766 21 transactions transaction NNS 34823 2766 22 ! ! . 34823 2767 1 Mr. Mr. NNP 34823 2767 2 Silberling Silberling NNP 34823 2767 3 has have VBZ 34823 2767 4 buttressed buttress VBN 34823 2767 5 his -PRON- PRP$ 34823 2767 6 results result NNS 34823 2767 7 with with IN 34823 2767 8 a a DT 34823 2767 9 consideration consideration NN 34823 2767 10 of of IN 34823 2767 11 various various JJ 34823 2767 12 alternative alternative JJ 34823 2767 13 possibilities possibility NNS 34823 2767 14 which which WDT 34823 2767 15 might may MD 34823 2767 16 give give VB 34823 2767 17 them -PRON- PRP 34823 2767 18 a a DT 34823 2767 19 different different JJ 34823 2767 20 interpretation interpretation NN 34823 2767 21 . . . 34823 2768 1 I -PRON- PRP 34823 2768 2 need need VBP 34823 2768 3 not not RB 34823 2768 4 , , , 34823 2768 5 for for IN 34823 2768 6 present present JJ 34823 2768 7 purposes purpose NNS 34823 2768 8 , , , 34823 2768 9 go go VB 34823 2768 10 further further RB 34823 2768 11 into into IN 34823 2768 12 his -PRON- PRP$ 34823 2768 13 figures figure NNS 34823 2768 14 . . . 34823 2769 1 [ [ -LRB- 34823 2769 2 261 261 CD 34823 2769 3 ] ] -RRB- 34823 2769 4 Taken take VBN 34823 2769 5 in in IN 34823 2769 6 conjunction conjunction NN 34823 2769 7 with with IN 34823 2769 8 the the DT 34823 2769 9 other other JJ 34823 2769 10 data datum NNS 34823 2769 11 presented present VBN 34823 2769 12 , , , 34823 2769 13 and and CC 34823 2769 14 to to TO 34823 2769 15 be be VB 34823 2769 16 presented present VBN 34823 2769 17 , , , 34823 2769 18 together together RB 34823 2769 19 with with IN 34823 2769 20 the the DT 34823 2769 21 theoretical theoretical JJ 34823 2769 22 discussion discussion NN 34823 2769 23 of of IN 34823 2769 24 the the DT 34823 2769 25 nature nature NN 34823 2769 26 of of IN 34823 2769 27 trade trade NN 34823 2769 28 , , , 34823 2769 29 and and CC 34823 2769 30 its -PRON- PRP$ 34823 2769 31 relations relation NNS 34823 2769 32 to to IN 34823 2769 33 money money NN 34823 2769 34 and and CC 34823 2769 35 credit credit NN 34823 2769 36 , , , 34823 2769 37 which which WDT 34823 2769 38 the the DT 34823 2769 39 present present JJ 34823 2769 40 volume volume NN 34823 2769 41 contains contain VBZ 34823 2769 42 , , , 34823 2769 43 they -PRON- PRP 34823 2769 44 give give VBP 34823 2769 45 the the DT 34823 2769 46 present present JJ 34823 2769 47 writer writer NN 34823 2769 48 abundant abundant JJ 34823 2769 49 confidence confidence NN 34823 2769 50 in in IN 34823 2769 51 the the DT 34823 2769 52 thesis thesis NN 34823 2769 53 that that IN 34823 2769 54 the the DT 34823 2769 55 great great JJ 34823 2769 56 bulk bulk NN 34823 2769 57 of of IN 34823 2769 58 trade trade NN 34823 2769 59 in in IN 34823 2769 60 the the DT 34823 2769 61 United United NNP 34823 2769 62 States States NNP 34823 2769 63 is be VBZ 34823 2769 64 SPECULATION speculation NN 34823 2769 65 , , , 34823 2769 66 rather rather RB 34823 2769 67 than than IN 34823 2769 68 that that DT 34823 2769 69 sort sort NN 34823 2769 70 of of IN 34823 2769 71 trade trade NN 34823 2769 72 which which WDT 34823 2769 73 is be VBZ 34823 2769 74 determined determine VBN 34823 2769 75 " " '' 34823 2769 76 by by IN 34823 2769 77 physical physical JJ 34823 2769 78 capacities capacity NNS 34823 2769 79 and and CC 34823 2769 80 technique technique NN 34823 2769 81 . . . 34823 2769 82 " " '' 34823 2770 1 The the DT 34823 2770 2 figures figure NNS 34823 2770 3 given give VBN 34823 2770 4 above above RB 34823 2770 5 , , , 34823 2770 6 of of IN 34823 2770 7 the the DT 34823 2770 8 inventory inventory NN 34823 2770 9 of of IN 34823 2770 10 wealth wealth NN 34823 2770 11 at at IN 34823 2770 12 a a DT 34823 2770 13 given give VBN 34823 2770 14 moment moment NN 34823 2770 15 of of IN 34823 2770 16 time time NN 34823 2770 17 , , , 34823 2770 18 by by IN 34823 2770 19 the the DT 34823 2770 20 Bureau Bureau NNP 34823 2770 21 of of IN 34823 2770 22 the the DT 34823 2770 23 Census Census NNP 34823 2770 24 , , , 34823 2770 25 show show VBP 34823 2770 26 only only RB 34823 2770 27 trifling trifling NN 34823 2770 28 magnitudes magnitude NNS 34823 2770 29 , , , 34823 2770 30 as as IN 34823 2770 31 compared compare VBN 34823 2770 32 with with IN 34823 2770 33 the the DT 34823 2770 34 estimated estimate VBN 34823 2770 35 387 387 CD 34823 2770 36 billions billion NNS 34823 2770 37 of of IN 34823 2770 38 deposits deposit NNS 34823 2770 39 made make VBN 34823 2770 40 in in IN 34823 2770 41 1909 1909 CD 34823 2770 42 , , , 34823 2770 43 of of IN 34823 2770 44 items item NNS 34823 2770 45 which which WDT 34823 2770 46 could could MD 34823 2770 47 enter enter VB 34823 2770 48 into into IN 34823 2770 49 ordinary ordinary JJ 34823 2770 50 trade trade NN 34823 2770 51 , , , 34823 2770 52 as as IN 34823 2770 53 distinguished distinguish VBN 34823 2770 54 from from IN 34823 2770 55 speculation speculation NN 34823 2770 56 and and CC 34823 2770 57 dynamic dynamic JJ 34823 2770 58 readjustments readjustment NNS 34823 2770 59 . . . 34823 2771 1 An an DT 34823 2771 2 effort effort NN 34823 2771 3 to to TO 34823 2771 4 calculate calculate VB 34823 2771 5 ordinary ordinary JJ 34823 2771 6 trade trade NN 34823 2771 7 on on IN 34823 2771 8 the the DT 34823 2771 9 basis basis NN 34823 2771 10 of of IN 34823 2771 11 figures figure NNS 34823 2771 12 running run VBG 34823 2771 13 through through IN 34823 2771 14 the the DT 34823 2771 15 year year NN 34823 2771 16 may may MD 34823 2771 17 throw throw VB 34823 2771 18 further further JJ 34823 2771 19 light light NN 34823 2771 20 on on IN 34823 2771 21 the the DT 34823 2771 22 problem problem NN 34823 2771 23 . . . 34823 2772 1 Railway railway NN 34823 2772 2 , , , 34823 2772 3 gross gross JJ 34823 2772 4 receipts receipt NNS 34823 2772 5 for for IN 34823 2772 6 the the DT 34823 2772 7 year year NN 34823 2772 8 ending end VBG 34823 2772 9 June June NNP 34823 2772 10 30 30 CD 34823 2772 11 , , , 34823 2772 12 1909 1909 CD 34823 2772 13 , , , 34823 2772 14 were be VBD 34823 2772 15 less less JJR 34823 2772 16 than than IN 34823 2772 17 two two CD 34823 2772 18 and and CC 34823 2772 19 a a DT 34823 2772 20 half half NN 34823 2772 21 billions billion NNS 34823 2772 22 . . . 34823 2773 1 This this DT 34823 2773 2 is be VBZ 34823 2773 3 six six CD 34823 2773 4 - - HYPH 34823 2773 5 tenths tenth NNS 34823 2773 6 of of IN 34823 2773 7 1 1 CD 34823 2773 8 % % NN 34823 2773 9 of of IN 34823 2773 10 the the DT 34823 2773 11 total total NN 34823 2773 12 . . . 34823 2774 1 Receipts receipt NNS 34823 2774 2 of of IN 34823 2774 3 the the DT 34823 2774 4 Western Western NNP 34823 2774 5 Union Union NNP 34823 2774 6 Telegraph Telegraph NNP 34823 2774 7 Company Company NNP 34823 2774 8 were be VBD 34823 2774 9 $ $ $ 34823 2774 10 30,451,073 30,451,073 CD 34823 2774 11 - - : 34823 2774 12 -less -less NN 34823 2774 13 than than IN 34823 2774 14 one one CD 34823 2774 15 - - HYPH 34823 2774 16 hundredth hundredth NN 34823 2774 17 of of IN 34823 2774 18 1 1 CD 34823 2774 19 % % NN 34823 2774 20 . . . 34823 2775 1 The the DT 34823 2775 2 Post Post NNP 34823 2775 3 Office Office NNP 34823 2775 4 in in IN 34823 2775 5 the the DT 34823 2775 6 fiscal fiscal JJ 34823 2775 7 year year NN 34823 2775 8 ending end VBG 34823 2775 9 in in IN 34823 2775 10 1909 1909 CD 34823 2775 11 took take VBD 34823 2775 12 in in RP 34823 2775 13 $ $ $ 34823 2775 14 203,562,383 203,562,383 CD 34823 2775 15 . . . 34823 2776 1 This this DT 34823 2776 2 is be VBZ 34823 2776 3 something something NN 34823 2776 4 over over IN 34823 2776 5 one one CD 34823 2776 6 twentieth twentieth NN 34823 2776 7 of of IN 34823 2776 8 1 1 CD 34823 2776 9 % % NN 34823 2776 10 . . . 34823 2777 1 These these DT 34823 2777 2 are be VBP 34823 2777 3 gigantic gigantic JJ 34823 2777 4 sums sum NNS 34823 2777 5 . . . 34823 2778 1 But but CC 34823 2778 2 they -PRON- PRP 34823 2778 3 are be VBP 34823 2778 4 insignificant insignificant JJ 34823 2778 5 indeed indeed RB 34823 2778 6 in in IN 34823 2778 7 this this DT 34823 2778 8 computation computation NN 34823 2778 9 . . . 34823 2779 1 Millions million NNS 34823 2779 2 of of IN 34823 2779 3 smaller small JJR 34823 2779 4 items item NNS 34823 2779 5 simply simply RB 34823 2779 6 do do VBP 34823 2779 7 not not RB 34823 2779 8 count count VB 34823 2779 9 at at RB 34823 2779 10 all all RB 34823 2779 11 -- -- : 34823 2779 12 ten ten CD 34823 2779 13 million million CD 34823 2779 14 items item NNS 34823 2779 15 of of IN 34823 2779 16 $ $ $ 34823 2779 17 387 387 CD 34823 2779 18 each each DT 34823 2779 19 would would MD 34823 2779 20 give give VB 34823 2779 21 only only RB 34823 2779 22 1 1 CD 34823 2779 23 % % NN 34823 2779 24 . . . 34823 2780 1 The the DT 34823 2780 2 total total JJ 34823 2780 3 net net JJ 34823 2780 4 income income NN 34823 2780 5 of of IN 34823 2780 6 the the DT 34823 2780 7 United United NNP 34823 2780 8 States States NNP 34823 2780 9 , , , 34823 2780 10 as as IN 34823 2780 11 estimated estimate VBN 34823 2780 12 by by IN 34823 2780 13 W. W. NNP 34823 2780 14 I. I. NNP 34823 2781 1 King king NN 34823 2781 2 for for IN 34823 2781 3 1910 1910 CD 34823 2781 4 , , , 34823 2781 5 including include VBG 34823 2781 6 all all DT 34823 2781 7 forms form NNS 34823 2781 8 of of IN 34823 2781 9 income income NN 34823 2781 10 , , , 34823 2781 11 dividends dividend NNS 34823 2781 12 , , , 34823 2781 13 interest interest NN 34823 2781 14 , , , 34823 2781 15 wages wage NNS 34823 2781 16 , , , 34823 2781 17 rents rent NNS 34823 2781 18 , , , 34823 2781 19 profits profit NNS 34823 2781 20 , , , 34823 2781 21 salaries salary NNS 34823 2781 22 , , , 34823 2781 23 etc etc FW 34823 2781 24 . . FW 34823 2781 25 , , , 34823 2781 26 is be VBZ 34823 2781 27 $ $ $ 34823 2781 28 30,500,000,000[262]--around 30,500,000,000[262]--around NN 34823 2781 29 7 7 CD 34823 2781 30 % % NN 34823 2781 31 of of IN 34823 2781 32 the the DT 34823 2781 33 387 387 CD 34823 2781 34 billions billion NNS 34823 2781 35 . . . 34823 2782 1 Let let VB 34823 2782 2 us -PRON- PRP 34823 2782 3 sum sum VB 34823 2782 4 up up RP 34823 2782 5 the the DT 34823 2782 6 major major JJ 34823 2782 7 items item NNS 34823 2782 8 of of IN 34823 2782 9 ordinary ordinary JJ 34823 2782 10 trade trade NN 34823 2782 11 . . . 34823 2783 1 From from IN 34823 2783 2 Kinley Kinley NNP 34823 2783 3 's 's POS 34823 2783 4 figures figure NNS 34823 2783 5 , , , 34823 2783 6 we -PRON- PRP 34823 2783 7 may may MD 34823 2783 8 get get VB 34823 2783 9 some some DT 34823 2783 10 idea idea NN 34823 2783 11 of of IN 34823 2783 12 the the DT 34823 2783 13 proportions proportion NNS 34823 2783 14 of of IN 34823 2783 15 wholesale wholesale JJ 34823 2783 16 and and CC 34823 2783 17 retail retail JJ 34823 2783 18 trade trade NN 34823 2783 19 to to IN 34823 2783 20 the the DT 34823 2783 21 total total NN 34823 2783 22 for for IN 34823 2783 23 1909 1909 CD 34823 2783 24 , , , 34823 2783 25 assuming assume VBG 34823 2783 26 that that IN 34823 2783 27 the the DT 34823 2783 28 deposit deposit NN 34823 2783 29 figures figure NNS 34823 2783 30 indicate indicate VBP 34823 2783 31 that that DT 34823 2783 32 total total NN 34823 2783 33 . . . 34823 2784 1 Retail retail JJ 34823 2784 2 deposits deposit NNS 34823 2784 3 make make VBP 34823 2784 4 up up RP 34823 2784 5 less less JJR 34823 2784 6 than than IN 34823 2784 7 one one CD 34823 2784 8 - - HYPH 34823 2784 9 eleventh eleventh NN 34823 2784 10 of of IN 34823 2784 11 the the DT 34823 2784 12 total total NN 34823 2784 13 , , , 34823 2784 14 and and CC 34823 2784 15 wholesale wholesale JJ 34823 2784 16 deposits deposit NNS 34823 2784 17 about about RB 34823 2784 18 two two CD 34823 2784 19 - - HYPH 34823 2784 20 elevenths eleventh NNS 34823 2784 21 . . . 34823 2785 1 The the DT 34823 2785 2 figures figure NNS 34823 2785 3 were be VBD 34823 2785 4 : : : 34823 2785 5 retail retail JJ 34823 2785 6 , , , 34823 2785 7 60 60 CD 34823 2785 8 millions million NNS 34823 2785 9 , , , 34823 2785 10 wholesale wholesale JJ 34823 2785 11 , , , 34823 2785 12 124 124 CD 34823 2785 13 millions million NNS 34823 2785 14 , , , 34823 2785 15 and and CC 34823 2785 16 " " `` 34823 2785 17 all all DT 34823 2785 18 other other JJ 34823 2785 19 , , , 34823 2785 20 " " '' 34823 2785 21 502 502 CD 34823 2785 22 millions million NNS 34823 2785 23 . . . 34823 2786 1 But but CC 34823 2786 2 the the DT 34823 2786 3 " " `` 34823 2786 4 all all DT 34823 2786 5 other other JJ 34823 2786 6 " " '' 34823 2786 7 deposits deposit NNS 34823 2786 8 were be VBD 34823 2786 9 lower low JJR 34823 2786 10 than than IN 34823 2786 11 normal normal JJ 34823 2786 12 . . . 34823 2787 1 New New NNP 34823 2787 2 York York NNP 34823 2787 3 City City NNP 34823 2787 4 was be VBD 34823 2787 5 , , , 34823 2787 6 in in IN 34823 2787 7 the the DT 34823 2787 8 first first JJ 34823 2787 9 place place NN 34823 2787 10 , , , 34823 2787 11 probably probably RB 34823 2787 12 less less RBR 34823 2787 13 complete complete JJ 34823 2787 14 than than IN 34823 2787 15 the the DT 34823 2787 16 rest rest NN 34823 2787 17 of of IN 34823 2787 18 the the DT 34823 2787 19 country country NN 34823 2787 20 , , , 34823 2787 21 in in IN 34823 2787 22 the the DT 34823 2787 23 figures figure NNS 34823 2787 24 returned return VBD 34823 2787 25 , , , 34823 2787 26 and and CC 34823 2787 27 , , , 34823 2787 28 in in IN 34823 2787 29 the the DT 34823 2787 30 second second JJ 34823 2787 31 place place NN 34823 2787 32 , , , 34823 2787 33 New New NNP 34823 2787 34 York York NNP 34823 2787 35 City City NNP 34823 2787 36 , , , 34823 2787 37 as as IN 34823 2787 38 shown show VBN 34823 2787 39 by by IN 34823 2787 40 the the DT 34823 2787 41 clearings clearing NNS 34823 2787 42 of of IN 34823 2787 43 March March NNP 34823 2787 44 17 17 CD 34823 2787 45 ( ( -LRB- 34823 2787 46 the the DT 34823 2787 47 next next JJ 34823 2787 48 day day NN 34823 2787 49 , , , 34823 2787 50 when when WRB 34823 2787 51 checks check NNS 34823 2787 52 deposited deposit VBN 34823 2787 53 in in IN 34823 2787 54 New New NNP 34823 2787 55 York York NNP 34823 2787 56 would would MD 34823 2787 57 get get VB 34823 2787 58 into into IN 34823 2787 59 the the DT 34823 2787 60 clearings clearing NNS 34823 2787 61 ) ) -RRB- 34823 2787 62 was be VBD 34823 2787 63 28 28 CD 34823 2787 64 % % NN 34823 2787 65 below below IN 34823 2787 66 normal normal JJ 34823 2787 67 . . . 34823 2788 1 The the DT 34823 2788 2 rest rest NN 34823 2788 3 of of IN 34823 2788 4 the the DT 34823 2788 5 country country NN 34823 2788 6 was be VBD 34823 2788 7 within within IN 34823 2788 8 3 3 CD 34823 2788 9 % % NN 34823 2788 10 of of IN 34823 2788 11 normal normal JJ 34823 2788 12 . . . 34823 2789 1 [ [ -LRB- 34823 2789 2 263 263 CD 34823 2789 3 ] ] -RRB- 34823 2789 4 Not not RB 34823 2789 5 to to TO 34823 2789 6 refine refine VB 34823 2789 7 matters matter NNS 34823 2789 8 too too RB 34823 2789 9 much much RB 34823 2789 10 , , , 34823 2789 11 we -PRON- PRP 34823 2789 12 shall shall MD 34823 2789 13 , , , 34823 2789 14 on on IN 34823 2789 15 the the DT 34823 2789 16 assumption assumption NN 34823 2789 17 that that IN 34823 2789 18 the the DT 34823 2789 19 variable variable JJ 34823 2789 20 element element NN 34823 2789 21 in in IN 34823 2789 22 New New NNP 34823 2789 23 York York NNP 34823 2789 24 deposits deposit NNS 34823 2789 25 is be VBZ 34823 2789 26 connected connect VBN 34823 2789 27 with with IN 34823 2789 28 the the DT 34823 2789 29 Stock Stock NNP 34823 2789 30 Exchange Exchange NNP 34823 2789 31 ( ( -LRB- 34823 2789 32 as as IN 34823 2789 33 shown show VBN 34823 2789 34 by by IN 34823 2789 35 Mr. Mr. NNP 34823 2789 36 Silberling Silberling NNP 34823 2789 37 's 's POS 34823 2789 38 correlations correlation NNS 34823 2789 39 and and CC 34823 2789 40 other other JJ 34823 2789 41 considerations consideration NNS 34823 2789 42 ) ) -RRB- 34823 2789 43 , , , 34823 2789 44 and and CC 34823 2789 45 on on IN 34823 2789 46 the the DT 34823 2789 47 assumption assumption NN 34823 2789 48 that that WDT 34823 2789 49 deposits deposit VBZ 34823 2789 50 connected connect VBN 34823 2789 51 with with IN 34823 2789 52 the the DT 34823 2789 53 stock stock NN 34823 2789 54 market market NN 34823 2789 55 appear appear VBP 34823 2789 56 in in IN 34823 2789 57 the the DT 34823 2789 58 " " `` 34823 2789 59 all all DT 34823 2789 60 other other JJ 34823 2789 61 " " `` 34823 2789 62 deposits deposit NNS 34823 2789 63 , , , 34823 2789 64 add add VB 34823 2789 65 a a DT 34823 2789 66 little little JJ 34823 2789 67 over over IN 34823 2789 68 20 20 CD 34823 2789 69 % % NN 34823 2789 70 of of IN 34823 2789 71 New New NNP 34823 2789 72 York York NNP 34823 2789 73 's 's POS 34823 2789 74 total total NN 34823 2789 75 of of IN 34823 2789 76 198 198 CD 34823 2789 77 millions million NNS 34823 2789 78 , , , 34823 2789 79 or or CC 34823 2789 80 40 40 CD 34823 2789 81 millions million NNS 34823 2789 82 , , , 34823 2789 83 to to IN 34823 2789 84 the the DT 34823 2789 85 " " `` 34823 2789 86 all all DT 34823 2789 87 other other JJ 34823 2789 88 " " '' 34823 2789 89 deposits deposit NNS 34823 2789 90 for for IN 34823 2789 91 the the DT 34823 2789 92 country country NN 34823 2789 93 , , , 34823 2789 94 leaving leave VBG 34823 2789 95 the the DT 34823 2789 96 wholesale wholesale JJ 34823 2789 97 and and CC 34823 2789 98 retail retail JJ 34823 2789 99 deposits deposit NNS 34823 2789 100 unchanged unchanged JJ 34823 2789 101 . . . 34823 2790 1 What what WP 34823 2790 2 error error NN 34823 2790 3 there there EX 34823 2790 4 is be VBZ 34823 2790 5 in in IN 34823 2790 6 this this DT 34823 2790 7 is be VBZ 34823 2790 8 favorable favorable JJ 34823 2790 9 to to IN 34823 2790 10 the the DT 34823 2790 11 wholesale wholesale JJ 34823 2790 12 and and CC 34823 2790 13 retail retail JJ 34823 2790 14 deposits deposit NNS 34823 2790 15 . . . 34823 2791 1 Our -PRON- PRP$ 34823 2791 2 proportions proportion NNS 34823 2791 3 , , , 34823 2791 4 then then RB 34823 2791 5 , , , 34823 2791 6 are be VBP 34823 2791 7 : : : 34823 2791 8 retail retail NN 34823 2791 9 , , , 34823 2791 10 60 60 CD 34823 2791 11 , , , 34823 2791 12 wholesale wholesale JJ 34823 2791 13 , , , 34823 2791 14 124 124 CD 34823 2791 15 , , , 34823 2791 16 " " '' 34823 2791 17 all all DT 34823 2791 18 other other JJ 34823 2791 19 , , , 34823 2791 20 " " '' 34823 2791 21 542 542 CD 34823 2791 22 , , , 34823 2791 23 total total JJ 34823 2791 24 , , , 34823 2791 25 726 726 CD 34823 2791 26 . . . 34823 2792 1 If if IN 34823 2792 2 the the DT 34823 2792 3 retail retail JJ 34823 2792 4 deposits deposit NNS 34823 2792 5 correctly correctly RB 34823 2792 6 represented represent VBD 34823 2792 7 retail retail JJ 34823 2792 8 trade trade NN 34823 2792 9 , , , 34823 2792 10 we -PRON- PRP 34823 2792 11 could could MD 34823 2792 12 then then RB 34823 2792 13 say say VB 34823 2792 14 that that IN 34823 2792 15 retail retail JJ 34823 2792 16 trade trade NN 34823 2792 17 was be VBD 34823 2792 18 a a DT 34823 2792 19 little little JJ 34823 2792 20 less less JJR 34823 2792 21 than than IN 34823 2792 22 one one CD 34823 2792 23 - - HYPH 34823 2792 24 twelfth twelfth NN 34823 2792 25 of of IN 34823 2792 26 the the DT 34823 2792 27 whole whole NN 34823 2792 28 , , , 34823 2792 29 and and CC 34823 2792 30 wholesale wholesale JJ 34823 2792 31 trade trade NN 34823 2792 32 about about RB 34823 2792 33 one one CD 34823 2792 34 - - HYPH 34823 2792 35 sixth sixth NN 34823 2792 36 . . . 34823 2793 1 But but CC 34823 2793 2 there there EX 34823 2793 3 are be VBP 34823 2793 4 many many JJ 34823 2793 5 speculative speculative JJ 34823 2793 6 transactions transaction NNS 34823 2793 7 engaged engage VBN 34823 2793 8 in in RP 34823 2793 9 by by IN 34823 2793 10 wholesalers wholesaler NNS 34823 2793 11 , , , 34823 2793 12 and and CC 34823 2793 13 a a DT 34823 2793 14 good good JJ 34823 2793 15 many many JJ 34823 2793 16 by by IN 34823 2793 17 retailers retailer NNS 34823 2793 18 . . . 34823 2794 1 The the DT 34823 2794 2 writer writer NN 34823 2794 3 knows know VBZ 34823 2794 4 a a DT 34823 2794 5 small small JJ 34823 2794 6 delicatessen delicatessen JJ 34823 2794 7 dealer dealer NN 34823 2794 8 on on IN 34823 2794 9 Amsterdam Amsterdam NNP 34823 2794 10 Avenue Avenue NNP 34823 2794 11 , , , 34823 2794 12 in in IN 34823 2794 13 New New NNP 34823 2794 14 York York NNP 34823 2794 15 , , , 34823 2794 16 who who WP 34823 2794 17 frequently frequently RB 34823 2794 18 speculates speculate VBZ 34823 2794 19 in in IN 34823 2794 20 eggs egg NNS 34823 2794 21 and and CC 34823 2794 22 canned can VBN 34823 2794 23 goods good NNS 34823 2794 24 . . . 34823 2795 1 A a DT 34823 2795 2 colleague colleague NN 34823 2795 3 in in IN 34823 2795 4 the the DT 34823 2795 5 Harvard Harvard NNP 34823 2795 6 Graduate Graduate NNP 34823 2795 7 School School NNP 34823 2795 8 of of IN 34823 2795 9 Business Business NNP 34823 2795 10 Administration Administration NNP 34823 2795 11 is be VBZ 34823 2795 12 authority authority NN 34823 2795 13 for for IN 34823 2795 14 the the DT 34823 2795 15 statement statement NN 34823 2795 16 that that IN 34823 2795 17 speculation speculation NN 34823 2795 18 in in IN 34823 2795 19 canned can VBN 34823 2795 20 goods good NNS 34823 2795 21 and and CC 34823 2795 22 some some DT 34823 2795 23 other other JJ 34823 2795 24 things thing NNS 34823 2795 25 is be VBZ 34823 2795 26 quite quite RB 34823 2795 27 common common JJ 34823 2795 28 among among IN 34823 2795 29 retailers retailer NNS 34823 2795 30 , , , 34823 2795 31 particularly particularly RB 34823 2795 32 " " `` 34823 2795 33 hedging hedge VBG 34823 2795 34 " " '' 34823 2795 35 by by IN 34823 2795 36 the the DT 34823 2795 37 use use NN 34823 2795 38 of of IN 34823 2795 39 " " `` 34823 2795 40 futures future NNS 34823 2795 41 , , , 34823 2795 42 " " '' 34823 2795 43 in in IN 34823 2795 44 canned can VBN 34823 2795 45 goods good NNS 34823 2795 46 . . . 34823 2796 1 Speculation speculation NN 34823 2796 2 among among IN 34823 2796 3 wholesalers wholesaler NNS 34823 2796 4 is be VBZ 34823 2796 5 very very RB 34823 2796 6 extensive extensive JJ 34823 2796 7 . . . 34823 2797 1 The the DT 34823 2797 2 same same JJ 34823 2797 3 is be VBZ 34823 2797 4 true true JJ 34823 2797 5 of of IN 34823 2797 6 manufacturers manufacturer NNS 34823 2797 7 . . . 34823 2798 1 The the DT 34823 2798 2 same same JJ 34823 2798 3 authority authority NN 34823 2798 4 cited cite VBD 34823 2798 5 some some DT 34823 2798 6 cotton cotton NN 34823 2798 7 manufacturers manufacturer NNS 34823 2798 8 whose whose WP$ 34823 2798 9 profits profit NNS 34823 2798 10 from from IN 34823 2798 11 cotton cotton NN 34823 2798 12 speculation speculation NN 34823 2798 13 are be VBP 34823 2798 14 greater great JJR 34823 2798 15 than than IN 34823 2798 16 their -PRON- PRP$ 34823 2798 17 profits profit NNS 34823 2798 18 from from IN 34823 2798 19 manufacturing manufacture VBG 34823 2798 20 . . . 34823 2799 1 We -PRON- PRP 34823 2799 2 shall shall MD 34823 2799 3 see see VB 34823 2799 4 reason reason NN 34823 2799 5 to to TO 34823 2799 6 suppose suppose VB 34823 2799 7 that that IN 34823 2799 8 a a DT 34823 2799 9 very very RB 34823 2799 10 substantial substantial JJ 34823 2799 11 part part NN 34823 2799 12 of of IN 34823 2799 13 manufacturers manufacturer NNS 34823 2799 14 ' ' POS 34823 2799 15 deposits deposit NNS 34823 2799 16 were be VBD 34823 2799 17 included include VBN 34823 2799 18 in in IN 34823 2799 19 the the DT 34823 2799 20 wholesale wholesale JJ 34823 2799 21 deposits deposit NNS 34823 2799 22 . . . 34823 2800 1 That that IN 34823 2800 2 the the DT 34823 2800 3 figures figure NNS 34823 2800 4 for for IN 34823 2800 5 retailers retailer NNS 34823 2800 6 ' ' POS 34823 2800 7 deposits deposit NNS 34823 2800 8 exaggerate exaggerate VBP 34823 2800 9 the the DT 34823 2800 10 retail retail JJ 34823 2800 11 trade trade NN 34823 2800 12 may may MD 34823 2800 13 appear appear VB 34823 2800 14 from from IN 34823 2800 15 several several JJ 34823 2800 16 considerations consideration NNS 34823 2800 17 : : : 34823 2800 18 ( ( -LRB- 34823 2800 19 1 1 LS 34823 2800 20 ) ) -RRB- 34823 2800 21 The the DT 34823 2800 22 proportion proportion NN 34823 2800 23 of of IN 34823 2800 24 checks check NNS 34823 2800 25 to to TO 34823 2800 26 cash cash VB 34823 2800 27 reported report VBN 34823 2800 28 is be VBZ 34823 2800 29 too too RB 34823 2800 30 high high JJ 34823 2800 31 : : : 34823 2800 32 73.2 73.2 CD 34823 2800 33 % % NN 34823 2800 34 . . . 34823 2801 1 Dean Dean NNP 34823 2801 2 Kinley Kinley NNP 34823 2801 3 allows allow VBZ 34823 2801 4 5 5 CD 34823 2801 5 % % NN 34823 2801 6 of of IN 34823 2801 7 the the DT 34823 2801 8 checks check NNS 34823 2801 9 deposited deposit VBN 34823 2801 10 to to TO 34823 2801 11 be be VB 34823 2801 12 " " `` 34823 2801 13 accommodation accommodation NN 34823 2801 14 checks,"[264 checks,"[264 NN 34823 2801 15 ] ] -RRB- 34823 2801 16 cashed cash VBD 34823 2801 17 for for IN 34823 2801 18 customers customer NNS 34823 2801 19 , , , 34823 2801 20 rather rather RB 34823 2801 21 than than IN 34823 2801 22 taken take VBN 34823 2801 23 in in RB 34823 2801 24 in in IN 34823 2801 25 trade trade NN 34823 2801 26 . . . 34823 2802 1 ( ( -LRB- 34823 2802 2 2 2 LS 34823 2802 3 ) ) -RRB- 34823 2802 4 If if IN 34823 2802 5 retail retail JJ 34823 2802 6 deposits deposit NNS 34823 2802 7 are be VBP 34823 2802 8 taken take VBN 34823 2802 9 as as RB 34823 2802 10 exactly exactly RB 34823 2802 11 representative representative JJ 34823 2802 12 of of IN 34823 2802 13 retail retail JJ 34823 2802 14 trade trade NN 34823 2802 15 , , , 34823 2802 16 we -PRON- PRP 34823 2802 17 should should MD 34823 2802 18 get get VB 34823 2802 19 a a DT 34823 2802 20 retail retail JJ 34823 2802 21 trade trade NN 34823 2802 22 for for IN 34823 2802 23 the the DT 34823 2802 24 year year NN 34823 2802 25 of of IN 34823 2802 26 over over IN 34823 2802 27 32 32 CD 34823 2802 28 billions billion NNS 34823 2802 29 ( ( -LRB- 34823 2802 30 1/12 1/12 CD 34823 2802 31 of of IN 34823 2802 32 387 387 CD 34823 2802 33 billions billion NNS 34823 2802 34 ) ) -RRB- 34823 2802 35 , , , 34823 2802 36 which which WDT 34823 2802 37 would would MD 34823 2802 38 exceed exceed VB 34823 2802 39 the the DT 34823 2802 40 total total JJ 34823 2802 41 income income NN 34823 2802 42 of of IN 34823 2802 43 the the DT 34823 2802 44 country country NN 34823 2802 45 as as IN 34823 2802 46 calculated calculate VBN 34823 2802 47 by by IN 34823 2802 48 King King NNP 34823 2802 49 for for IN 34823 2802 50 1910 1910 CD 34823 2802 51 . . . 34823 2803 1 Dean Dean NNP 34823 2803 2 Kinley Kinley NNP 34823 2803 3 reached reach VBD 34823 2803 4 the the DT 34823 2803 5 conclusion conclusion NN 34823 2803 6 that that IN 34823 2803 7 the the DT 34823 2803 8 retail retail JJ 34823 2803 9 deposits deposit NNS 34823 2803 10 reported report VBN 34823 2803 11 in in IN 34823 2803 12 1896 1896 CD 34823 2803 13 also also RB 34823 2803 14 exceeded exceed VBD 34823 2803 15 the the DT 34823 2803 16 probable probable JJ 34823 2803 17 retail retail JJ 34823 2803 18 expenditures expenditure NNS 34823 2803 19 . . . 34823 2804 1 [ [ -LRB- 34823 2804 2 265 265 CD 34823 2804 3 ] ] -RRB- 34823 2804 4 Of of RB 34823 2804 5 course course RB 34823 2804 6 , , , 34823 2804 7 not not RB 34823 2804 8 all all DT 34823 2804 9 of of IN 34823 2804 10 retail retail JJ 34823 2804 11 trade trade NN 34823 2804 12 is be VBZ 34823 2804 13 in in IN 34823 2804 14 consumption consumption NN 34823 2804 15 goods good NNS 34823 2804 16 . . . 34823 2805 1 Hardware hardware NN 34823 2805 2 stores store NNS 34823 2805 3 , , , 34823 2805 4 lumber lumber NN 34823 2805 5 stores store NNS 34823 2805 6 , , , 34823 2805 7 and and CC 34823 2805 8 some some DT 34823 2805 9 other other JJ 34823 2805 10 retail retail JJ 34823 2805 11 establishments establishment NNS 34823 2805 12 sell sell VBP 34823 2805 13 , , , 34823 2805 14 not not RB 34823 2805 15 only only RB 34823 2805 16 to to IN 34823 2805 17 householders householder NNS 34823 2805 18 for for IN 34823 2805 19 domestic domestic JJ 34823 2805 20 use use NN 34823 2805 21 , , , 34823 2805 22 but but CC 34823 2805 23 also also RB 34823 2805 24 things thing NNS 34823 2805 25 which which WDT 34823 2805 26 enter enter VBP 34823 2805 27 into into IN 34823 2805 28 further further JJ 34823 2805 29 production production NN 34823 2805 30 , , , 34823 2805 31 and and CC 34823 2805 32 so so RB 34823 2805 33 do do VB 34823 2805 34 not not RB 34823 2805 35 come come VB 34823 2805 36 out out IN 34823 2805 37 of of IN 34823 2805 38 annual annual JJ 34823 2805 39 income income NN 34823 2805 40 . . . 34823 2806 1 If if IN 34823 2806 2 we -PRON- PRP 34823 2806 3 include include VBP 34823 2806 4 in in IN 34823 2806 5 retail retail JJ 34823 2806 6 trade trade NN 34823 2806 7 various various JJ 34823 2806 8 items item NNS 34823 2806 9 which which WDT 34823 2806 10 were be VBD 34823 2806 11 not not RB 34823 2806 12 included include VBN 34823 2806 13 there there RB 34823 2806 14 in in IN 34823 2806 15 Kinley Kinley NNP 34823 2806 16 's 's POS 34823 2806 17 figures figure NNS 34823 2806 18 , , , 34823 2806 19 such such JJ 34823 2806 20 as as IN 34823 2806 21 hotels hotel NNS 34823 2806 22 , , , 34823 2806 23 theatres theatre NNS 34823 2806 24 , , , 34823 2806 25 newspaper newspaper NN 34823 2806 26 receipts receipt NNS 34823 2806 27 from from IN 34823 2806 28 subscription subscription NN 34823 2806 29 and and CC 34823 2806 30 street street NN 34823 2806 31 sales sale NNS 34823 2806 32 , , , 34823 2806 33 physicians physician NNS 34823 2806 34 ' ' POS 34823 2806 35 fees fee NNS 34823 2806 36 , , , 34823 2806 37 etc.--all etc.--all VB 34823 2806 38 those those DT 34823 2806 39 items item NNS 34823 2806 40 which which WDT 34823 2806 41 enter enter VBP 34823 2806 42 into into IN 34823 2806 43 the the DT 34823 2806 44 domestic domestic JJ 34823 2806 45 budget budget NN 34823 2806 46 , , , 34823 2806 47 including include VBG 34823 2806 48 domestic domestic JJ 34823 2806 49 service service NN 34823 2806 50 , , , 34823 2806 51 we -PRON- PRP 34823 2806 52 should should MD 34823 2806 53 still still RB 34823 2806 54 not not RB 34823 2806 55 be be VB 34823 2806 56 justified justify VBN 34823 2806 57 in in IN 34823 2806 58 reaching reach VBG 34823 2806 59 a a DT 34823 2806 60 total total NN 34823 2806 61 as as RB 34823 2806 62 great great JJ 34823 2806 63 as as IN 34823 2806 64 the the DT 34823 2806 65 total total JJ 34823 2806 66 income income NN 34823 2806 67 of of IN 34823 2806 68 society society NN 34823 2806 69 , , , 34823 2806 70 since since IN 34823 2806 71 there there EX 34823 2806 72 would would MD 34823 2806 73 then then RB 34823 2806 74 be be VB 34823 2806 75 no no DT 34823 2806 76 allowance allowance NN 34823 2806 77 for for IN 34823 2806 78 savings saving NNS 34823 2806 79 , , , 34823 2806 80 which which WDT 34823 2806 81 we -PRON- PRP 34823 2806 82 should should MD 34823 2806 83 not not RB 34823 2806 84 count count VB 34823 2806 85 in in IN 34823 2806 86 trade trade NN 34823 2806 87 , , , 34823 2806 88 or or CC 34823 2806 89 for for IN 34823 2806 90 life life NN 34823 2806 91 insurance insurance NN 34823 2806 92 , , , 34823 2806 93 which which WDT 34823 2806 94 we -PRON- PRP 34823 2806 95 shall shall MD 34823 2806 96 count count VB 34823 2806 97 separately separately RB 34823 2806 98 . . . 34823 2807 1 The the DT 34823 2807 2 items item NNS 34823 2807 3 sold sell VBN 34823 2807 4 at at IN 34823 2807 5 retail retail NN 34823 2807 6 which which WDT 34823 2807 7 enter enter VBP 34823 2807 8 into into IN 34823 2807 9 further further JJ 34823 2807 10 production production NN 34823 2807 11 can can MD 34823 2807 12 not not RB 34823 2807 13 make make VB 34823 2807 14 a a DT 34823 2807 15 great great JJ 34823 2807 16 total total NN 34823 2807 17 , , , 34823 2807 18 since since IN 34823 2807 19 large large JJ 34823 2807 20 producers producer NNS 34823 2807 21 buy buy VBP 34823 2807 22 such such JJ 34823 2807 23 things thing NNS 34823 2807 24 at at IN 34823 2807 25 wholesale wholesale NN 34823 2807 26 . . . 34823 2808 1 Total total JJ 34823 2808 2 retail retail JJ 34823 2808 3 trade trade NN 34823 2808 4 , , , 34823 2808 5 therefore therefore RB 34823 2808 6 , , , 34823 2808 7 and and CC 34823 2808 8 , , , 34823 2808 9 in in IN 34823 2808 10 addition addition NN 34823 2808 11 all all PDT 34823 2808 12 the the DT 34823 2808 13 other other JJ 34823 2808 14 items item NNS 34823 2808 15 in in IN 34823 2808 16 the the DT 34823 2808 17 domestic domestic JJ 34823 2808 18 budget budget NN 34823 2808 19 , , , 34823 2808 20 must must MD 34823 2808 21 be be VB 34823 2808 22 held hold VBN 34823 2808 23 below below IN 34823 2808 24 the the DT 34823 2808 25 figure figure NN 34823 2808 26 for for IN 34823 2808 27 total total JJ 34823 2808 28 national national JJ 34823 2808 29 income income NN 34823 2808 30 . . . 34823 2809 1 Suppose suppose VB 34823 2809 2 , , , 34823 2809 3 to to TO 34823 2809 4 be be VB 34823 2809 5 very very RB 34823 2809 6 liberal liberal JJ 34823 2809 7 , , , 34823 2809 8 we -PRON- PRP 34823 2809 9 allow allow VBP 34823 2809 10 29 29 CD 34823 2809 11 billions[266 billions[266 NN 34823 2809 12 ] ] -RRB- 34823 2809 13 for for IN 34823 2809 14 all all PDT 34823 2809 15 these these DT 34823 2809 16 items item NNS 34823 2809 17 , , , 34823 2809 18 under under IN 34823 2809 19 the the DT 34823 2809 20 general general JJ 34823 2809 21 head head NN 34823 2809 22 of of IN 34823 2809 23 " " `` 34823 2809 24 retail retail JJ 34823 2809 25 trade trade NN 34823 2809 26 . . . 34823 2809 27 " " '' 34823 2810 1 For for IN 34823 2810 2 wholesale wholesale JJ 34823 2810 3 trade trade NN 34823 2810 4 , , , 34823 2810 5 if if IN 34823 2810 6 we -PRON- PRP 34823 2810 7 take take VBP 34823 2810 8 the the DT 34823 2810 9 figures figure NNS 34823 2810 10 at at IN 34823 2810 11 face face NN 34823 2810 12 value value NN 34823 2810 13 , , , 34823 2810 14 the the DT 34823 2810 15 estimate estimate NN 34823 2810 16 would would MD 34823 2810 17 be be VB 34823 2810 18 65 65 CD 34823 2810 19 - - HYPH 34823 2810 20 3/4 3/4 CD 34823 2810 21 billions billion NNS 34823 2810 22 ( ( -LRB- 34823 2810 23 124/726 124/726 CD 34823 2810 24 of of IN 34823 2810 25 387 387 CD 34823 2810 26 billions billion NNS 34823 2810 27 , , , 34823 2810 28 or or CC 34823 2810 29 17 17 CD 34823 2810 30 % % NN 34823 2810 31 of of IN 34823 2810 32 387 387 CD 34823 2810 33 billions billion NNS 34823 2810 34 ) ) -RRB- 34823 2810 35 . . . 34823 2811 1 But but CC 34823 2811 2 we -PRON- PRP 34823 2811 3 have have VBP 34823 2811 4 seen see VBN 34823 2811 5 that that IN 34823 2811 6 there there EX 34823 2811 7 is be VBZ 34823 2811 8 a a DT 34823 2811 9 great great JJ 34823 2811 10 deal deal NN 34823 2811 11 of of IN 34823 2811 12 speculation speculation NN 34823 2811 13 among among IN 34823 2811 14 wholesalers wholesaler NNS 34823 2811 15 . . . 34823 2812 1 Not not RB 34823 2812 2 all all DT 34823 2812 3 of of IN 34823 2812 4 their -PRON- PRP$ 34823 2812 5 deposits deposit NNS 34823 2812 6 , , , 34823 2812 7 by by IN 34823 2812 8 any any DT 34823 2812 9 means mean NNS 34823 2812 10 , , , 34823 2812 11 represent represent VB 34823 2812 12 receipts receipt NNS 34823 2812 13 from from IN 34823 2812 14 ordinary ordinary JJ 34823 2812 15 business business NN 34823 2812 16 . . . 34823 2813 1 Moreover moreover RB 34823 2813 2 , , , 34823 2813 3 there there EX 34823 2813 4 is be VBZ 34823 2813 5 much much JJ 34823 2813 6 overcounting overcounting NN 34823 2813 7 here here RB 34823 2813 8 , , , 34823 2813 9 several several JJ 34823 2813 10 checks check NNS 34823 2813 11 being be VBG 34823 2813 12 used use VBN 34823 2813 13 for for IN 34823 2813 14 one one CD 34823 2813 15 transaction transaction NN 34823 2813 16 , , , 34823 2813 17 especially especially RB 34823 2813 18 where where WRB 34823 2813 19 wholesalers wholesaler NNS 34823 2813 20 have have VBP 34823 2813 21 branch branch NN 34823 2813 22 houses house NNS 34823 2813 23 , , , 34823 2813 24 and and CC 34823 2813 25 checks check NNS 34823 2813 26 connected connect VBN 34823 2813 27 with with IN 34823 2813 28 loans loan NNS 34823 2813 29 and and CC 34823 2813 30 repayments repayment NNS 34823 2813 31 , , , 34823 2813 32 and and CC 34823 2813 33 transfers transfer NNS 34823 2813 34 of of IN 34823 2813 35 funds fund NNS 34823 2813 36 from from IN 34823 2813 37 one one CD 34823 2813 38 bank bank NN 34823 2813 39 to to IN 34823 2813 40 another another DT 34823 2813 41 . . . 34823 2814 1 How how WRB 34823 2814 2 much much JJ 34823 2814 3 we -PRON- PRP 34823 2814 4 should should MD 34823 2814 5 subtract subtract VB 34823 2814 6 for for IN 34823 2814 7 this this DT 34823 2814 8 there there EX 34823 2814 9 is be VBZ 34823 2814 10 no no DT 34823 2814 11 way way NN 34823 2814 12 to to TO 34823 2814 13 tell tell VB 34823 2814 14 . . . 34823 2815 1 In in IN 34823 2815 2 the the DT 34823 2815 3 case case NN 34823 2815 4 of of IN 34823 2815 5 retail retail JJ 34823 2815 6 figures figure NNS 34823 2815 7 , , , 34823 2815 8 we -PRON- PRP 34823 2815 9 have have VBP 34823 2815 10 the the DT 34823 2815 11 additional additional JJ 34823 2815 12 check check NN 34823 2815 13 of of IN 34823 2815 14 the the DT 34823 2815 15 figures figure NNS 34823 2815 16 for for IN 34823 2815 17 total total JJ 34823 2815 18 net net JJ 34823 2815 19 income income NN 34823 2815 20 , , , 34823 2815 21 but but CC 34823 2815 22 there there EX 34823 2815 23 is be VBZ 34823 2815 24 no no DT 34823 2815 25 such such JJ 34823 2815 26 check check NN 34823 2815 27 here here RB 34823 2815 28 . . . 34823 2816 1 We -PRON- PRP 34823 2816 2 shall shall MD 34823 2816 3 , , , 34823 2816 4 therefore therefore RB 34823 2816 5 , , , 34823 2816 6 make make VB 34823 2816 7 no no DT 34823 2816 8 subtraction subtraction NN 34823 2816 9 , , , 34823 2816 10 but but CC 34823 2816 11 shall shall MD 34823 2816 12 content content VB 34823 2816 13 ourselves -PRON- PRP 34823 2816 14 with with IN 34823 2816 15 pointing point VBG 34823 2816 16 out out RP 34823 2816 17 that that IN 34823 2816 18 we -PRON- PRP 34823 2816 19 are be VBP 34823 2816 20 allowing allow VBG 34823 2816 21 many many JJ 34823 2816 22 billions[267 billions[267 . 34823 2816 23 ] ] -RRB- 34823 2816 24 to to IN 34823 2816 25 " " `` 34823 2816 26 ordinary ordinary JJ 34823 2816 27 trade trade NN 34823 2816 28 " " '' 34823 2816 29 to to TO 34823 2816 30 which which WDT 34823 2816 31 it -PRON- PRP 34823 2816 32 is be VBZ 34823 2816 33 not not RB 34823 2816 34 entitled entitle VBN 34823 2816 35 , , , 34823 2816 36 which which WDT 34823 2816 37 will will MD 34823 2816 38 much much RB 34823 2816 39 more more RBR 34823 2816 40 than than IN 34823 2816 41 offset offset VBN 34823 2816 42 errors error NNS 34823 2816 43 in in IN 34823 2816 44 the the DT 34823 2816 45 opposite opposite JJ 34823 2816 46 direction direction NN 34823 2816 47 which which WDT 34823 2816 48 the the DT 34823 2816 49 reader reader NN 34823 2816 50 may may MD 34823 2816 51 find find VB 34823 2816 52 in in IN 34823 2816 53 our -PRON- PRP$ 34823 2816 54 computations computation NNS 34823 2816 55 . . . 34823 2817 1 Do do VBP 34823 2817 2 manufacturers manufacturer NNS 34823 2817 3 ' ' POS 34823 2817 4 receipts receipt NNS 34823 2817 5 from from IN 34823 2817 6 first first JJ 34823 2817 7 sales sale NNS 34823 2817 8 belong belong VBP 34823 2817 9 in in IN 34823 2817 10 the the DT 34823 2817 11 wholesale wholesale JJ 34823 2817 12 deposits deposit NNS 34823 2817 13 , , , 34823 2817 14 or or CC 34823 2817 15 must must MD 34823 2817 16 they -PRON- PRP 34823 2817 17 be be VB 34823 2817 18 counted count VBN 34823 2817 19 as as IN 34823 2817 20 a a DT 34823 2817 21 separate separate JJ 34823 2817 22 item item NN 34823 2817 23 ? ? . 34823 2818 1 Dean Dean NNP 34823 2818 2 Kinley Kinley NNP 34823 2818 3 does do VBZ 34823 2818 4 not not RB 34823 2818 5 say say VB 34823 2818 6 . . . 34823 2819 1 In in IN 34823 2819 2 his -PRON- PRP$ 34823 2819 3 list list NN 34823 2819 4 of of IN 34823 2819 5 items item NNS 34823 2819 6 , , , 34823 2819 7 as as IN 34823 2819 8 reported report VBN 34823 2819 9 by by IN 34823 2819 10 banks bank NNS 34823 2819 11 , , , 34823 2819 12 that that WDT 34823 2819 13 go go VBP 34823 2819 14 in in IN 34823 2819 15 the the DT 34823 2819 16 " " `` 34823 2819 17 all all DT 34823 2819 18 other other JJ 34823 2819 19 " " '' 34823 2819 20 deposits,[268 deposits,[268 NN 34823 2819 21 ] ] -RRB- 34823 2819 22 he -PRON- PRP 34823 2819 23 does do VBZ 34823 2819 24 not not RB 34823 2819 25 mention mention VB 34823 2819 26 manufacturers manufacturer NNS 34823 2819 27 , , , 34823 2819 28 and and CC 34823 2819 29 the the DT 34823 2819 30 item item NN 34823 2819 31 is be VBZ 34823 2819 32 far far RB 34823 2819 33 too too RB 34823 2819 34 important important JJ 34823 2819 35 not not RB 34823 2819 36 to to TO 34823 2819 37 have have VB 34823 2819 38 been be VBN 34823 2819 39 mentioned mention VBN 34823 2819 40 by by IN 34823 2819 41 so so RB 34823 2819 42 careful careful JJ 34823 2819 43 a a DT 34823 2819 44 writer writer NN 34823 2819 45 had have VBD 34823 2819 46 he -PRON- PRP 34823 2819 47 supposed suppose VBN 34823 2819 48 that that IN 34823 2819 49 it -PRON- PRP 34823 2819 50 belonged belong VBD 34823 2819 51 there there RB 34823 2819 52 . . . 34823 2820 1 If if IN 34823 2820 2 manufacturers manufacturer NNS 34823 2820 3 ' ' POS 34823 2820 4 first first JJ 34823 2820 5 receipts receipt NNS 34823 2820 6 belong belong VBP 34823 2820 7 , , , 34823 2820 8 not not RB 34823 2820 9 in in IN 34823 2820 10 the the DT 34823 2820 11 wholesale wholesale JJ 34823 2820 12 deposits deposit NNS 34823 2820 13 , , , 34823 2820 14 but but CC 34823 2820 15 in in IN 34823 2820 16 the the DT 34823 2820 17 " " `` 34823 2820 18 all all DT 34823 2820 19 other other JJ 34823 2820 20 " " `` 34823 2820 21 deposits deposit NNS 34823 2820 22 , , , 34823 2820 23 then then RB 34823 2820 24 we -PRON- PRP 34823 2820 25 should should MD 34823 2820 26 expect expect VB 34823 2820 27 manufacturing manufacturing NN 34823 2820 28 cities city NNS 34823 2820 29 to to TO 34823 2820 30 show show VB 34823 2820 31 a a DT 34823 2820 32 high high JJ 34823 2820 33 percentage percentage NN 34823 2820 34 of of IN 34823 2820 35 " " `` 34823 2820 36 all all DT 34823 2820 37 other other JJ 34823 2820 38 " " '' 34823 2820 39 deposits deposit NNS 34823 2820 40 as as IN 34823 2820 41 compared compare VBN 34823 2820 42 with with IN 34823 2820 43 wholesale wholesale JJ 34823 2820 44 deposits deposit NNS 34823 2820 45 . . . 34823 2821 1 The the DT 34823 2821 2 city city NN 34823 2821 3 of of IN 34823 2821 4 Pittsburg Pittsburg NNP 34823 2821 5 should should MD 34823 2821 6 be be VB 34823 2821 7 a a DT 34823 2821 8 good good JJ 34823 2821 9 test test NN 34823 2821 10 case case NN 34823 2821 11 . . . 34823 2822 1 The the DT 34823 2822 2 figures figure NNS 34823 2822 3 there there RB 34823 2822 4 , , , 34823 2822 5 for for IN 34823 2822 6 State state NN 34823 2822 7 and and CC 34823 2822 8 national national JJ 34823 2822 9 banks bank NNS 34823 2822 10 and and CC 34823 2822 11 trust trust NN 34823 2822 12 companies company NNS 34823 2822 13 , , , 34823 2822 14 are be VBP 34823 2822 15 : : : 34823 2822 16 _ _ NNP 34823 2822 17 Per Per NNP 34823 2822 18 Cent Cent NNP 34823 2822 19 . . . 34823 2822 20 _ _ NNP 34823 2822 21 Retail retail JJ 34823 2822 22 deposits deposit VBZ 34823 2822 23 $ $ $ 34823 2822 24 1,061,420 1,061,420 CD 34823 2822 25 9.6 9.6 CD 34823 2822 26 Wholesale Wholesale NNP 34823 2822 27 deposits deposit VBZ 34823 2822 28 3,368,004 3,368,004 CD 34823 2822 29 29.7 29.7 CD 34823 2822 30 " " `` 34823 2822 31 All all DT 34823 2822 32 other other JJ 34823 2822 33 " " `` 34823 2822 34 deposits deposit VBZ 34823 2822 35 6,672,378 6,672,378 CD 34823 2822 36 60.6 60.6 CD 34823 2822 37 For for IN 34823 2822 38 Pittsburg Pittsburg NNP 34823 2822 39 , , , 34823 2822 40 the the DT 34823 2822 41 percentage percentage NN 34823 2822 42 of of IN 34823 2822 43 " " `` 34823 2822 44 all all DT 34823 2822 45 other other JJ 34823 2822 46 " " `` 34823 2822 47 deposits deposit NNS 34823 2822 48 is be VBZ 34823 2822 49 lower lower RBR 34823 2822 50 decidedly decidedly RB 34823 2822 51 than than IN 34823 2822 52 the the DT 34823 2822 53 percentage percentage NN 34823 2822 54 for for IN 34823 2822 55 the the DT 34823 2822 56 country country NN 34823 2822 57 as as IN 34823 2822 58 a a DT 34823 2822 59 whole whole NN 34823 2822 60 ( ( -LRB- 34823 2822 61 about about RB 34823 2822 62 75 75 CD 34823 2822 63 % % NN 34823 2822 64 ) ) -RRB- 34823 2822 65 , , , 34823 2822 66 much much RB 34823 2822 67 lower low JJR 34823 2822 68 than than IN 34823 2822 69 for for IN 34823 2822 70 cities city NNS 34823 2822 71 where where WRB 34823 2822 72 there there EX 34823 2822 73 is be VBZ 34823 2822 74 active active JJ 34823 2822 75 speculation speculation NN 34823 2822 76 , , , 34823 2822 77 as as IN 34823 2822 78 Chicago Chicago NNP 34823 2822 79 and and CC 34823 2822 80 St. St. NNP 34823 2822 81 Louis Louis NNP 34823 2822 82 , , , 34823 2822 83 to to TO 34823 2822 84 say say VB 34823 2822 85 nothing nothing NN 34823 2822 86 of of IN 34823 2822 87 New New NNP 34823 2822 88 York York NNP 34823 2822 89 , , , 34823 2822 90 and and CC 34823 2822 91 is be VBZ 34823 2822 92 closer close JJR 34823 2822 93 to to IN 34823 2822 94 the the DT 34823 2822 95 percentage percentage NN 34823 2822 96 of of IN 34823 2822 97 the the DT 34823 2822 98 South South NNP 34823 2822 99 Atlantic Atlantic NNP 34823 2822 100 States States NNP 34823 2822 101 , , , 34823 2822 102 52 52 CD 34823 2822 103 % % NN 34823 2822 104 , , , 34823 2822 105 than than IN 34823 2822 106 to to IN 34823 2822 107 the the DT 34823 2822 108 average average NN 34823 2822 109 for for IN 34823 2822 110 the the DT 34823 2822 111 country country NN 34823 2822 112 . . . 34823 2823 1 The the DT 34823 2823 2 wholesale wholesale JJ 34823 2823 3 deposits deposit NNS 34823 2823 4 of of IN 34823 2823 5 Pittsburg Pittsburg NNP 34823 2823 6 , , , 34823 2823 7 however however RB 34823 2823 8 , , , 34823 2823 9 rise rise VBP 34823 2823 10 to to IN 34823 2823 11 29.7 29.7 CD 34823 2823 12 % % NN 34823 2823 13 , , , 34823 2823 14 as as IN 34823 2823 15 against against IN 34823 2823 16 an an DT 34823 2823 17 average average NN 34823 2823 18 for for IN 34823 2823 19 the the DT 34823 2823 20 country country NN 34823 2823 21 of of IN 34823 2823 22 17 17 CD 34823 2823 23 % % NN 34823 2823 24 . . . 34823 2824 1 There there EX 34823 2824 2 is be VBZ 34823 2824 3 nothing nothing NN 34823 2824 4 in in IN 34823 2824 5 these these DT 34823 2824 6 figures figure NNS 34823 2824 7 to to TO 34823 2824 8 suggest suggest VB 34823 2824 9 that that IN 34823 2824 10 manufacturers manufacturer NNS 34823 2824 11 ' ' POS 34823 2824 12 first first JJ 34823 2824 13 receipts receipt NNS 34823 2824 14 are be VBP 34823 2824 15 exclusively exclusively RB 34823 2824 16 in in IN 34823 2824 17 the the DT 34823 2824 18 " " `` 34823 2824 19 all all DT 34823 2824 20 other other JJ 34823 2824 21 " " '' 34823 2824 22 deposits deposit NNS 34823 2824 23 . . . 34823 2825 1 I -PRON- PRP 34823 2825 2 should should MD 34823 2825 3 think think VB 34823 2825 4 it -PRON- PRP 34823 2825 5 safe safe JJ 34823 2825 6 to to TO 34823 2825 7 hold hold VB 34823 2825 8 that that IN 34823 2825 9 a a DT 34823 2825 10 substantial substantial JJ 34823 2825 11 part part NN 34823 2825 12 of of IN 34823 2825 13 them -PRON- PRP 34823 2825 14 were be VBD 34823 2825 15 included include VBN 34823 2825 16 in in IN 34823 2825 17 wholesale wholesale JJ 34823 2825 18 deposits deposit NNS 34823 2825 19 , , , 34823 2825 20 and and CC 34823 2825 21 so so RB 34823 2825 22 already already RB 34823 2825 23 accounted account VBD 34823 2825 24 for for IN 34823 2825 25 in in IN 34823 2825 26 our -PRON- PRP$ 34823 2825 27 estimate estimate NN 34823 2825 28 . . . 34823 2826 1 The the DT 34823 2826 2 total total JJ 34823 2826 3 value value NN 34823 2826 4 of of IN 34823 2826 5 products product NNS 34823 2826 6 manufactured manufacture VBN 34823 2826 7 in in IN 34823 2826 8 1909 1909 CD 34823 2826 9 was be VBD 34823 2826 10 $ $ $ 34823 2826 11 20,672,051,870 20,672,051,870 CD 34823 2826 12 . . . 34823 2827 1 I -PRON- PRP 34823 2827 2 shall shall MD 34823 2827 3 allow allow VB 34823 2827 4 $ $ $ 34823 2827 5 5,672,051,870 5,672,051,870 CD 34823 2827 6 of of IN 34823 2827 7 this this DT 34823 2827 8 to to TO 34823 2827 9 have have VB 34823 2827 10 been be VBN 34823 2827 11 already already RB 34823 2827 12 accounted account VBN 34823 2827 13 for for IN 34823 2827 14 in in IN 34823 2827 15 our -PRON- PRP$ 34823 2827 16 estimate estimate NN 34823 2827 17 of of IN 34823 2827 18 wholesale wholesale JJ 34823 2827 19 trade trade NN 34823 2827 20 , , , 34823 2827 21 and and CC 34823 2827 22 count count VB 34823 2827 23 15 15 CD 34823 2827 24 billions billion NNS 34823 2827 25 of of IN 34823 2827 26 it -PRON- PRP 34823 2827 27 as as IN 34823 2827 28 a a DT 34823 2827 29 separate separate JJ 34823 2827 30 item item NN 34823 2827 31 . . . 34823 2828 1 If if IN 34823 2828 2 there there EX 34823 2828 3 is be VBZ 34823 2828 4 an an DT 34823 2828 5 error error NN 34823 2828 6 here here RB 34823 2828 7 , , , 34823 2828 8 it -PRON- PRP 34823 2828 9 is be VBZ 34823 2828 10 very very RB 34823 2828 11 much much RB 34823 2828 12 more more JJR 34823 2828 13 than than IN 34823 2828 14 offset offset VBN 34823 2828 15 by by IN 34823 2828 16 our -PRON- PRP$ 34823 2828 17 failure failure NN 34823 2828 18 to to TO 34823 2828 19 subtract subtract VB 34823 2828 20 anything anything NN 34823 2828 21 from from IN 34823 2828 22 the the DT 34823 2828 23 wholesale wholesale JJ 34823 2828 24 figures figure NNS 34823 2828 25 for for IN 34823 2828 26 speculation speculation NN 34823 2828 27 . . . 34823 2829 1 I -PRON- PRP 34823 2829 2 think think VBP 34823 2829 3 it -PRON- PRP 34823 2829 4 probable probable JJ 34823 2829 5 that that IN 34823 2829 6 much much RB 34823 2829 7 more more JJR 34823 2829 8 of of IN 34823 2829 9 the the DT 34823 2829 10 figures figure NNS 34823 2829 11 for for IN 34823 2829 12 manufactures manufacture NNS 34823 2829 13 should should MD 34823 2829 14 be be VB 34823 2829 15 assigned assign VBN 34823 2829 16 to to IN 34823 2829 17 the the DT 34823 2829 18 wholesale wholesale JJ 34823 2829 19 figures figure NNS 34823 2829 20 than than IN 34823 2829 21 I -PRON- PRP 34823 2829 22 have have VBP 34823 2829 23 assigned assign VBN 34823 2829 24 . . . 34823 2830 1 To to IN 34823 2830 2 these these DT 34823 2830 3 figures figure NNS 34823 2830 4 , , , 34823 2830 5 we -PRON- PRP 34823 2830 6 may may MD 34823 2830 7 add add VB 34823 2830 8 a a DT 34823 2830 9 number number NN 34823 2830 10 of of IN 34823 2830 11 other other JJ 34823 2830 12 items item NNS 34823 2830 13 , , , 34823 2830 14 absolutely absolutely RB 34823 2830 15 great great JJ 34823 2830 16 , , , 34823 2830 17 but but CC 34823 2830 18 insignificant insignificant JJ 34823 2830 19 , , , 34823 2830 20 in in IN 34823 2830 21 comparison comparison NN 34823 2830 22 with with IN 34823 2830 23 the the DT 34823 2830 24 387 387 CD 34823 2830 25 billions billion NNS 34823 2830 26 not not RB 34823 2830 27 only only RB 34823 2830 28 , , , 34823 2830 29 but but CC 34823 2830 30 also also RB 34823 2830 31 with with IN 34823 2830 32 the the DT 34823 2830 33 figures figure NNS 34823 2830 34 for for IN 34823 2830 35 retail retail JJ 34823 2830 36 and and CC 34823 2830 37 wholesale wholesale JJ 34823 2830 38 trade trade NN 34823 2830 39 already already RB 34823 2830 40 reached reach VBN 34823 2830 41 . . . 34823 2831 1 These these DT 34823 2831 2 are be VBP 34823 2831 3 : : : 34823 2831 4 total total JJ 34823 2831 5 farm farm NN 34823 2831 6 value value NN 34823 2831 7 of of IN 34823 2831 8 farm farm NN 34823 2831 9 products product NNS 34823 2831 10 ( ( -LRB- 34823 2831 11 not not RB 34823 2831 12 nearly nearly RB 34823 2831 13 all all DT 34823 2831 14 of of IN 34823 2831 15 which which WDT 34823 2831 16 is be VBZ 34823 2831 17 sold sell VBN 34823 2831 18 off off RP 34823 2831 19 the the DT 34823 2831 20 farm farm NN 34823 2831 21 ) ) -RRB- 34823 2831 22 $ $ $ 34823 2831 23 8,760,000,000 8,760,000,000 CD 34823 2831 24 ; ; , 34823 2831 25 total total JJ 34823 2831 26 mineral mineral NN 34823 2831 27 products product NNS 34823 2831 28 , , , 34823 2831 29 $ $ $ 34823 2831 30 1,886,772,843 1,886,772,843 CD 34823 2831 31 ; ; : 34823 2831 32 total total JJ 34823 2831 33 mill mill NN 34823 2831 34 value value NN 34823 2831 35 of of IN 34823 2831 36 lumber lumber NN 34823 2831 37 , , , 34823 2831 38 $ $ $ 34823 2831 39 684,479,859 684,479,859 CD 34823 2831 40 ; ; : 34823 2831 41 total total JJ 34823 2831 42 life life NN 34823 2831 43 insurance insurance NN 34823 2831 44 premiums premium NNS 34823 2831 45 ( ( -LRB- 34823 2831 46 much much JJ 34823 2831 47 of of IN 34823 2831 48 which which WDT 34823 2831 49 is be VBZ 34823 2831 50 savings saving NNS 34823 2831 51 , , , 34823 2831 52 and and CC 34823 2831 53 in in IN 34823 2831 54 no no DT 34823 2831 55 proper proper JJ 34823 2831 56 sense sense NN 34823 2831 57 trade trade NN 34823 2831 58 ) ) -RRB- 34823 2831 59 , , , 34823 2831 60 $ $ $ 34823 2831 61 748,027,892 748,027,892 CD 34823 2831 62 ; ; : 34823 2831 63 total total JJ 34823 2831 64 fire fire NN 34823 2831 65 , , , 34823 2831 66 marine marine NN 34823 2831 67 , , , 34823 2831 68 casualty casualty NN 34823 2831 69 and and CC 34823 2831 70 miscellaneous miscellaneous JJ 34823 2831 71 insurance insurance NN 34823 2831 72 , , , 34823 2831 73 $ $ $ 34823 2831 74 362,555,850 362,555,850 CD 34823 2831 75 ; ; : 34823 2831 76 total total JJ 34823 2831 77 wages wage NNS 34823 2831 78 and and CC 34823 2831 79 salaries salary NNS 34823 2831 80 , , , 34823 2831 81 $ $ $ 34823 2831 82 14,303,000,000 14,303,000,000 CD 34823 2831 83 ; ; : 34823 2831 84 total total JJ 34823 2831 85 land land NN 34823 2831 86 rent rent NN 34823 2831 87 , , , 34823 2831 88 $ $ $ 34823 2831 89 2,673,000,000;[269 2,673,000,000;[269 CD 34823 2831 90 ] ] -RRB- 34823 2831 91 and and CC 34823 2831 92 the the DT 34823 2831 93 items item NNS 34823 2831 94 for for IN 34823 2831 95 railway railway NN 34823 2831 96 gross gross JJ 34823 2831 97 receipts receipt NNS 34823 2831 98 , , , 34823 2831 99 post post NNP 34823 2831 100 office office NNP 34823 2831 101 , , , 34823 2831 102 telegraph telegraph NNP 34823 2831 103 , , , 34823 2831 104 already already RB 34823 2831 105 mentioned mention VBN 34823 2831 106 . . . 34823 2832 1 The the DT 34823 2832 2 total total NN 34823 2832 3 of of IN 34823 2832 4 these these DT 34823 2832 5 items item NNS 34823 2832 6 , , , 34823 2832 7 together together RB 34823 2832 8 with with IN 34823 2832 9 retail retail JJ 34823 2832 10 and and CC 34823 2832 11 wholesale wholesale JJ 34823 2832 12 trade trade NN 34823 2832 13 and and CC 34823 2832 14 manufactures manufacture NNS 34823 2832 15 , , , 34823 2832 16 is be VBZ 34823 2832 17 $ $ $ 34823 2832 18 141,860,618,000 141,860,618,000 CD 34823 2832 19 . . . 34823 2833 1 This this DT 34823 2833 2 is be VBZ 34823 2833 3 only only RB 34823 2833 4 36.6 36.6 CD 34823 2833 5 % % NN 34823 2833 6 of of IN 34823 2833 7 the the DT 34823 2833 8 total total NN 34823 2833 9 of of IN 34823 2833 10 387 387 CD 34823 2833 11 billions billion NNS 34823 2833 12 . . . 34823 2834 1 It -PRON- PRP 34823 2834 2 leaves leave VBZ 34823 2834 3 over over IN 34823 2834 4 245 245 CD 34823 2834 5 billions billion NNS 34823 2834 6 unexplained unexplained JJ 34823 2834 7 . . . 34823 2835 1 What what WP 34823 2835 2 can can MD 34823 2835 3 the the DT 34823 2835 4 245 245 CD 34823 2835 5 billions billion NNS 34823 2835 6 represent represent VB 34823 2835 7 ? ? . 34823 2836 1 There there EX 34823 2836 2 is be VBZ 34823 2836 3 really really RB 34823 2836 4 no no DT 34823 2836 5 way way NN 34823 2836 6 in in IN 34823 2836 7 which which WDT 34823 2836 8 ordinary ordinary JJ 34823 2836 9 trade trade NN 34823 2836 10 can can MD 34823 2836 11 make make VB 34823 2836 12 up up RP 34823 2836 13 more more JJR 34823 2836 14 than than IN 34823 2836 15 a a DT 34823 2836 16 very very RB 34823 2836 17 few few JJ 34823 2836 18 more more JJR 34823 2836 19 billions billion NNS 34823 2836 20 , , , 34823 2836 21 so so RB 34823 2836 22 far far RB 34823 2836 23 as as IN 34823 2836 24 I -PRON- PRP 34823 2836 25 can can MD 34823 2836 26 see see VB 34823 2836 27 . . . 34823 2837 1 There there EX 34823 2837 2 remain remain VBP 34823 2837 3 no no DT 34823 2837 4 items item NNS 34823 2837 5 as as RB 34823 2837 6 big big JJ 34823 2837 7 as as IN 34823 2837 8 1 1 CD 34823 2837 9 % % NN 34823 2837 10 of of IN 34823 2837 11 the the DT 34823 2837 12 total total NN 34823 2837 13 , , , 34823 2837 14 and and CC 34823 2837 15 , , , 34823 2837 16 as as IN 34823 2837 17 we -PRON- PRP 34823 2837 18 have have VBP 34823 2837 19 seen see VBN 34823 2837 20 , , , 34823 2837 21 small small JJ 34823 2837 22 items item NNS 34823 2837 23 , , , 34823 2837 24 of of IN 34823 2837 25 hundreds hundred NNS 34823 2837 26 of of IN 34823 2837 27 dollars dollar NNS 34823 2837 28 each each DT 34823 2837 29 , , , 34823 2837 30 are be VBP 34823 2837 31 like like IN 34823 2837 32 " " `` 34823 2837 33 infinitesimals infinitesimal NNS 34823 2837 34 of of IN 34823 2837 35 the the DT 34823 2837 36 second second JJ 34823 2837 37 order"--they order"--they NNP 34823 2837 38 simply simply RB 34823 2837 39 do do VBP 34823 2837 40 not not RB 34823 2837 41 count count VB 34823 2837 42 at at RB 34823 2837 43 all all RB 34823 2837 44 when when WRB 34823 2837 45 such such JJ 34823 2837 46 staggering staggering JJ 34823 2837 47 figures figure NNS 34823 2837 48 are be VBP 34823 2837 49 involved involve VBN 34823 2837 50 . . . 34823 2838 1 [ [ -LRB- 34823 2838 2 270 270 CD 34823 2838 3 ] ] -RRB- 34823 2838 4 There there EX 34823 2838 5 remains remain VBZ 34823 2838 6 , , , 34823 2838 7 then then RB 34823 2838 8 , , , 34823 2838 9 a a DT 34823 2838 10 total total NN 34823 2838 11 of of IN 34823 2838 12 245 245 CD 34823 2838 13 billions billion NNS 34823 2838 14 of of IN 34823 2838 15 check check NN 34823 2838 16 and and CC 34823 2838 17 money money NN 34823 2838 18 payments payment NNS 34823 2838 19 which which WDT 34823 2838 20 are be VBP 34823 2838 21 for for IN 34823 2838 22 something something NN 34823 2838 23 other other JJ 34823 2838 24 than than IN 34823 2838 25 the the DT 34823 2838 26 ordinary ordinary JJ 34823 2838 27 trade trade NN 34823 2838 28 of of IN 34823 2838 29 the the DT 34823 2838 30 country country NN 34823 2838 31 . . . 34823 2839 1 What what WP 34823 2839 2 do do VBP 34823 2839 3 these these DT 34823 2839 4 payments payment NNS 34823 2839 5 represent represent VB 34823 2839 6 ? ? . 34823 2840 1 Much much JJ 34823 2840 2 of of IN 34823 2840 3 this this DT 34823 2840 4 total total NN 34823 2840 5 represents represent VBZ 34823 2840 6 overcounting overcounting NN 34823 2840 7 and and CC 34823 2840 8 duplications duplication NNS 34823 2840 9 of of IN 34823 2840 10 various various JJ 34823 2840 11 kinds kind NNS 34823 2840 12 , , , 34823 2840 13 which which WDT 34823 2840 14 we -PRON- PRP 34823 2840 15 shall shall MD 34823 2840 16 consider consider VB 34823 2840 17 in in IN 34823 2840 18 a a DT 34823 2840 19 later later JJ 34823 2840 20 chapter chapter NN 34823 2840 21 . . . 34823 2841 1 Much much JJ 34823 2841 2 of of IN 34823 2841 3 it -PRON- PRP 34823 2841 4 also also RB 34823 2841 5 represents represent VBZ 34823 2841 6 speculation speculation NN 34823 2841 7 and and CC 34823 2841 8 dealings dealing NNS 34823 2841 9 other other JJ 34823 2841 10 than than IN 34823 2841 11 speculative speculative JJ 34823 2841 12 in in IN 34823 2841 13 securities security NNS 34823 2841 14 . . . 34823 2842 1 When when WRB 34823 2842 2 we -PRON- PRP 34823 2842 3 seek seek VBP 34823 2842 4 to to TO 34823 2842 5 find find VB 34823 2842 6 actual actual JJ 34823 2842 7 figures figure NNS 34823 2842 8 of of IN 34823 2842 9 transactions transaction NNS 34823 2842 10 in in IN 34823 2842 11 any any DT 34823 2842 12 field field NN 34823 2842 13 , , , 34823 2842 14 retail retail NN 34823 2842 15 , , , 34823 2842 16 wholesale wholesale JJ 34823 2842 17 , , , 34823 2842 18 or or CC 34823 2842 19 speculative speculative JJ 34823 2842 20 markets market NNS 34823 2842 21 , , , 34823 2842 22 or or CC 34823 2842 23 anything anything NN 34823 2842 24 else else RB 34823 2842 25 , , , 34823 2842 26 it -PRON- PRP 34823 2842 27 is be VBZ 34823 2842 28 exceedingly exceedingly RB 34823 2842 29 difficult difficult JJ 34823 2842 30 to to TO 34823 2842 31 find find VB 34823 2842 32 anything anything NN 34823 2842 33 that that WDT 34823 2842 34 approaches approach VBZ 34823 2842 35 the the DT 34823 2842 36 amounts amount NNS 34823 2842 37 indicated indicate VBN 34823 2842 38 by by IN 34823 2842 39 the the DT 34823 2842 40 banking banking NN 34823 2842 41 transactions transaction NNS 34823 2842 42 connected connect VBN 34823 2842 43 . . . 34823 2843 1 I -PRON- PRP 34823 2843 2 do do VBP 34823 2843 3 not not RB 34823 2843 4 think think VB 34823 2843 5 that that IN 34823 2843 6 a a DT 34823 2843 7 record record NN 34823 2843 8 of of IN 34823 2843 9 all all DT 34823 2843 10 sales sale NNS 34823 2843 11 would would MD 34823 2843 12 show show VB 34823 2843 13 retail retail JJ 34823 2843 14 sales sale NNS 34823 2843 15 or or CC 34823 2843 16 wholesale wholesale JJ 34823 2843 17 sales sale NNS 34823 2843 18 anything anything NN 34823 2843 19 like like IN 34823 2843 20 so so RB 34823 2843 21 great great JJ 34823 2843 22 as as IN 34823 2843 23 the the DT 34823 2843 24 figures figure NNS 34823 2843 25 as as IN 34823 2843 26 we -PRON- PRP 34823 2843 27 have have VBP 34823 2843 28 allowed allow VBN 34823 2843 29 for for IN 34823 2843 30 them -PRON- PRP 34823 2843 31 on on IN 34823 2843 32 the the DT 34823 2843 33 basis basis NN 34823 2843 34 of of IN 34823 2843 35 the the DT 34823 2843 36 retail retail JJ 34823 2843 37 and and CC 34823 2843 38 wholesale wholesale JJ 34823 2843 39 deposits deposit NNS 34823 2843 40 . . . 34823 2844 1 When when WRB 34823 2844 2 we -PRON- PRP 34823 2844 3 look look VBP 34823 2844 4 at at IN 34823 2844 5 the the DT 34823 2844 6 recorded record VBN 34823 2844 7 figures figure NNS 34823 2844 8 of of IN 34823 2844 9 transactions transaction NNS 34823 2844 10 on on IN 34823 2844 11 the the DT 34823 2844 12 speculative speculative JJ 34823 2844 13 exchanges exchange NNS 34823 2844 14 ( ( -LRB- 34823 2844 15 or or CC 34823 2844 16 at at IN 34823 2844 17 estimates estimate NNS 34823 2844 18 which which WDT 34823 2844 19 competent competent JJ 34823 2844 20 observers observer NNS 34823 2844 21 make make VBP 34823 2844 22 when when WRB 34823 2844 23 records record NNS 34823 2844 24 are be VBP 34823 2844 25 not not RB 34823 2844 26 available available JJ 34823 2844 27 ) ) -RRB- 34823 2844 28 , , , 34823 2844 29 the the DT 34823 2844 30 figures figure NNS 34823 2844 31 , , , 34823 2844 32 though though IN 34823 2844 33 very very RB 34823 2844 34 large large JJ 34823 2844 35 , , , 34823 2844 36 do do VBP 34823 2844 37 not not RB 34823 2844 38 begin begin VB 34823 2844 39 to to TO 34823 2844 40 equal equal VB 34823 2844 41 the the DT 34823 2844 42 banking banking NN 34823 2844 43 figures figure NNS 34823 2844 44 with with IN 34823 2844 45 which which WDT 34823 2844 46 we -PRON- PRP 34823 2844 47 have have VBP 34823 2844 48 to to TO 34823 2844 49 deal deal VB 34823 2844 50 . . . 34823 2845 1 The the DT 34823 2845 2 New New NNP 34823 2845 3 York York NNP 34823 2845 4 Stock Stock NNP 34823 2845 5 Exchange Exchange NNP 34823 2845 6 in in IN 34823 2845 7 1909 1909 CD 34823 2845 8 showed show VBD 34823 2845 9 sales sale NNS 34823 2845 10 , , , 34823 2845 11 recorded record VBN 34823 2845 12 on on IN 34823 2845 13 the the DT 34823 2845 14 ticker ticker NN 34823 2845 15 , , , 34823 2845 16 of of IN 34823 2845 17 nearly nearly RB 34823 2845 18 215 215 CD 34823 2845 19 million million CD 34823 2845 20 shares share NNS 34823 2845 21 of of IN 34823 2845 22 stock stock NN 34823 2845 23 , , , 34823 2845 24 with with IN 34823 2845 25 an an DT 34823 2845 26 approximate approximate JJ 34823 2845 27 value value NN 34823 2845 28 of of IN 34823 2845 29 over over IN 34823 2845 30 19 19 CD 34823 2845 31 billions[271 billions[271 NN 34823 2845 32 ] ] -RRB- 34823 2845 33 of of IN 34823 2845 34 dollars dollar NNS 34823 2845 35 . . . 34823 2846 1 This this DT 34823 2846 2 was be VBD 34823 2846 3 not not RB 34823 2846 4 an an DT 34823 2846 5 extraordinary extraordinary JJ 34823 2846 6 year year NN 34823 2846 7 . . . 34823 2847 1 In in IN 34823 2847 2 1901 1901 CD 34823 2847 3 nearly nearly RB 34823 2847 4 266 266 CD 34823 2847 5 million million CD 34823 2847 6 shares share NNS 34823 2847 7 were be VBD 34823 2847 8 sold sell VBN 34823 2847 9 , , , 34823 2847 10 in in IN 34823 2847 11 1905 1905 CD 34823 2847 12 , , , 34823 2847 13 over over IN 34823 2847 14 263 263 CD 34823 2847 15 millions million NNS 34823 2847 16 , , , 34823 2847 17 in in IN 34823 2847 18 1906 1906 CD 34823 2847 19 , , , 34823 2847 20 over over IN 34823 2847 21 284 284 CD 34823 2847 22 millions million NNS 34823 2847 23 . . . 34823 2848 1 A a DT 34823 2848 2 number number NN 34823 2848 3 of of IN 34823 2848 4 other other JJ 34823 2848 5 years year NNS 34823 2848 6 have have VBP 34823 2848 7 approached approach VBN 34823 2848 8 the the DT 34823 2848 9 figures figure NNS 34823 2848 10 for for IN 34823 2848 11 1909 1909 CD 34823 2848 12 . . . 34823 2849 1 If if IN 34823 2849 2 stock stock NN 34823 2849 3 sales sale NNS 34823 2849 4 be be VBP 34823 2849 5 a a DT 34823 2849 6 good good JJ 34823 2849 7 index index NN 34823 2849 8 of of IN 34823 2849 9 general general JJ 34823 2849 10 speculation speculation NN 34823 2849 11 , , , 34823 2849 12 1909 1909 CD 34823 2849 13 is be VBZ 34823 2849 14 a a DT 34823 2849 15 very very RB 34823 2849 16 satisfactory satisfactory JJ 34823 2849 17 year year NN 34823 2849 18 from from IN 34823 2849 19 which which WDT 34823 2849 20 to to TO 34823 2849 21 have have VB 34823 2849 22 got get VBN 34823 2849 23 figures figure NNS 34823 2849 24 , , , 34823 2849 25 as as IN 34823 2849 26 showing show VBG 34823 2849 27 neither neither CC 34823 2849 28 extreme extreme JJ 34823 2849 29 speculation speculation NN 34823 2849 30 , , , 34823 2849 31 nor nor CC 34823 2849 32 extreme extreme JJ 34823 2849 33 dullness dullness NN 34823 2849 34 -- -- : 34823 2849 35 which which WDT 34823 2849 36 latter latter JJ 34823 2849 37 was be VBD 34823 2849 38 the the DT 34823 2849 39 case case NN 34823 2849 40 in in IN 34823 2849 41 1896 1896 CD 34823 2849 42 when when WRB 34823 2849 43 Kinley Kinley NNP 34823 2849 44 's 's POS 34823 2849 45 other other JJ 34823 2849 46 big big JJ 34823 2849 47 investigation investigation NN 34823 2849 48 was be VBD 34823 2849 49 made make VBN 34823 2849 50 . . . 34823 2850 1 The the DT 34823 2850 2 figures figure NNS 34823 2850 3 for for IN 34823 2850 4 shares share NNS 34823 2850 5 sold sell VBN 34823 2850 6 , , , 34823 2850 7 however however RB 34823 2850 8 , , , 34823 2850 9 do do VBP 34823 2850 10 not not RB 34823 2850 11 exhaust exhaust VB 34823 2850 12 the the DT 34823 2850 13 business business NN 34823 2850 14 done do VBN 34823 2850 15 at at IN 34823 2850 16 the the DT 34823 2850 17 New New NNP 34823 2850 18 York York NNP 34823 2850 19 Stock Stock NNP 34823 2850 20 Exchange Exchange NNP 34823 2850 21 . . . 34823 2851 1 " " `` 34823 2851 2 Odd odd JJ 34823 2851 3 lots lot NNS 34823 2851 4 , , , 34823 2851 5 " " '' 34823 2851 6 _ _ NNP 34823 2851 7 i. i. NNP 34823 2852 1 e. e. NNP 34823 2852 2 _ _ NNP 34823 2852 3 , , , 34823 2852 4 sales sale NNS 34823 2852 5 of of IN 34823 2852 6 less less JJR 34823 2852 7 than than IN 34823 2852 8 100 100 CD 34823 2852 9 shares share NNS 34823 2852 10 , , , 34823 2852 11 are be VBP 34823 2852 12 not not RB 34823 2852 13 recorded record VBN 34823 2852 14 on on IN 34823 2852 15 the the DT 34823 2852 16 ticker ticker NN 34823 2852 17 . . . 34823 2853 1 Mr. Mr. NNP 34823 2853 2 Byron Byron NNP 34823 2853 3 W. W. NNP 34823 2853 4 Holt Holt NNP 34823 2853 5 estimates estimate VBZ 34823 2853 6 that that IN 34823 2853 7 from from IN 34823 2853 8 25 25 CD 34823 2853 9 to to TO 34823 2853 10 30 30 CD 34823 2853 11 % % NN 34823 2853 12 would would MD 34823 2853 13 be be VB 34823 2853 14 added add VBN 34823 2853 15 if if IN 34823 2853 16 they -PRON- PRP 34823 2853 17 were be VBD 34823 2853 18 counted count VBN 34823 2853 19 . . . 34823 2854 1 DeCoppet DeCoppet NNP 34823 2854 2 and and CC 34823 2854 3 Doremus Doremus NNP 34823 2854 4 , , , 34823 2854 5 of of IN 34823 2854 6 New New NNP 34823 2854 7 York York NNP 34823 2854 8 , , , 34823 2854 9 who who WP 34823 2854 10 handle handle VBP 34823 2854 11 at at IN 34823 2854 12 least least JJS 34823 2854 13 as as RB 34823 2854 14 much much JJ 34823 2854 15 of of IN 34823 2854 16 the the DT 34823 2854 17 " " `` 34823 2854 18 odd odd JJ 34823 2854 19 lot lot NN 34823 2854 20 " " '' 34823 2854 21 business business NN 34823 2854 22 as as IN 34823 2854 23 any any DT 34823 2854 24 other other JJ 34823 2854 25 New New NNP 34823 2854 26 York York NNP 34823 2854 27 house house NN 34823 2854 28 , , , 34823 2854 29 have have VBP 34823 2854 30 given give VBN 34823 2854 31 me -PRON- PRP 34823 2854 32 the the DT 34823 2854 33 following follow VBG 34823 2854 34 information information NN 34823 2854 35 about about IN 34823 2854 36 the the DT 34823 2854 37 " " `` 34823 2854 38 odd odd JJ 34823 2854 39 lot lot NN 34823 2854 40 " " '' 34823 2854 41 business business NN 34823 2854 42 : : : 34823 2854 43 ( ( -LRB- 34823 2854 44 1 1 LS 34823 2854 45 ) ) -RRB- 34823 2854 46 the the DT 34823 2854 47 volume volume NN 34823 2854 48 of of IN 34823 2854 49 odd odd JJ 34823 2854 50 lot lot NN 34823 2854 51 sales sale NNS 34823 2854 52 is be VBZ 34823 2854 53 , , , 34823 2854 54 roughly roughly RB 34823 2854 55 , , , 34823 2854 56 from from IN 34823 2854 57 20 20 CD 34823 2854 58 to to TO 34823 2854 59 25 25 CD 34823 2854 60 % % NN 34823 2854 61 of of IN 34823 2854 62 the the DT 34823 2854 63 volume volume NN 34823 2854 64 of of IN 34823 2854 65 hundred hundred CD 34823 2854 66 share share NN 34823 2854 67 sales sale NNS 34823 2854 68 ; ; , 34823 2854 69 ( ( -LRB- 34823 2854 70 2 2 LS 34823 2854 71 ) ) -RRB- 34823 2854 72 the the DT 34823 2854 73 odd odd JJ 34823 2854 74 lot lot NN 34823 2854 75 business business NN 34823 2854 76 fluctuates fluctuate VBZ 34823 2854 77 in in IN 34823 2854 78 conformity conformity NN 34823 2854 79 to to IN 34823 2854 80 the the DT 34823 2854 81 hundred hundred CD 34823 2854 82 share share NN 34823 2854 83 market market NN 34823 2854 84 ; ; : 34823 2854 85 ( ( -LRB- 34823 2854 86 3 3 LS 34823 2854 87 ) ) -RRB- 34823 2854 88 the the DT 34823 2854 89 odd odd JJ 34823 2854 90 lot lot NN 34823 2854 91 speculator speculator NN 34823 2854 92 is be VBZ 34823 2854 93 just just RB 34823 2854 94 as as RB 34823 2854 95 likely likely JJ 34823 2854 96 to to TO 34823 2854 97 be be VB 34823 2854 98 a a DT 34823 2854 99 " " `` 34823 2854 100 bear bear NN 34823 2854 101 " " '' 34823 2854 102 as as IN 34823 2854 103 is be VBZ 34823 2854 104 the the DT 34823 2854 105 hundred hundred CD 34823 2854 106 share share NN 34823 2854 107 speculator speculator NN 34823 2854 108 , , , 34823 2854 109 and and CC 34823 2854 110 , , , 34823 2854 111 in in IN 34823 2854 112 general general JJ 34823 2854 113 , , , 34823 2854 114 odd odd JJ 34823 2854 115 lot lot NN 34823 2854 116 business business NN 34823 2854 117 is be VBZ 34823 2854 118 like like IN 34823 2854 119 the the DT 34823 2854 120 hundred hundred CD 34823 2854 121 share share NN 34823 2854 122 business business NN 34823 2854 123 . . . 34823 2855 1 If if IN 34823 2855 2 we -PRON- PRP 34823 2855 3 take take VBP 34823 2855 4 the the DT 34823 2855 5 figure figure NN 34823 2855 6 on on IN 34823 2855 7 which which WDT 34823 2855 8 these these DT 34823 2855 9 two two CD 34823 2855 10 estimates estimate NNS 34823 2855 11 agree agree VBP 34823 2855 12 , , , 34823 2855 13 25 25 CD 34823 2855 14 % % NN 34823 2855 15 , , , 34823 2855 16 we -PRON- PRP 34823 2855 17 may may MD 34823 2855 18 add add VB 34823 2855 19 53 53 CD 34823 2855 20 - - HYPH 34823 2855 21 3/4 3/4 CD 34823 2855 22 million million CD 34823 2855 23 shares share NNS 34823 2855 24 to to IN 34823 2855 25 our -PRON- PRP$ 34823 2855 26 215 215 CD 34823 2855 27 , , , 34823 2855 28 getting get VBG 34823 2855 29 268 268 CD 34823 2855 30 - - SYM 34823 2855 31 3/4 3/4 CD 34823 2855 32 million million CD 34823 2855 33 shares share NNS 34823 2855 34 for for IN 34823 2855 35 1909 1909 CD 34823 2855 36 , , , 34823 2855 37 with with IN 34823 2855 38 a a DT 34823 2855 39 value value NN 34823 2855 40 of of IN 34823 2855 41 about about RB 34823 2855 42 24 24 CD 34823 2855 43 billions billion NNS 34823 2855 44 . . . 34823 2856 1 Bond bond NN 34823 2856 2 sales sale NNS 34823 2856 3 recorded record VBN 34823 2856 4 would would MD 34823 2856 5 add add VB 34823 2856 6 about about RB 34823 2856 7 1 1 CD 34823 2856 8 billion billion CD 34823 2856 9 more more JJR 34823 2856 10 . . . 34823 2857 1 There there EX 34823 2857 2 are be VBP 34823 2857 3 , , , 34823 2857 4 further far RBR 34823 2857 5 , , , 34823 2857 6 some some DT 34823 2857 7 unrecorded unrecorded JJ 34823 2857 8 sales sale NNS 34823 2857 9 , , , 34823 2857 10 indeterminate indeterminate JJ 34823 2857 11 in in IN 34823 2857 12 amount amount NN 34823 2857 13 , , , 34823 2857 14 but but CC 34823 2857 15 sometimes sometimes RB 34823 2857 16 very very RB 34823 2857 17 substantial substantial JJ 34823 2857 18 , , , 34823 2857 19 when when WRB 34823 2857 20 brokers broker NNS 34823 2857 21 have have VBP 34823 2857 22 a a DT 34823 2857 23 number number NN 34823 2857 24 of of IN 34823 2857 25 " " `` 34823 2857 26 stop stop VB 34823 2857 27 loss loss NN 34823 2857 28 " " '' 34823 2857 29 orders order NNS 34823 2857 30 . . . 34823 2858 1 They -PRON- PRP 34823 2858 2 match match VBP 34823 2858 3 these these DT 34823 2858 4 before before IN 34823 2858 5 the the DT 34823 2858 6 market market NN 34823 2858 7 opens open VBZ 34823 2858 8 , , , 34823 2858 9 and and CC 34823 2858 10 , , , 34823 2858 11 if if IN 34823 2858 12 the the DT 34823 2858 13 prices price NNS 34823 2858 14 are be VBP 34823 2858 15 reached reach VBN 34823 2858 16 in in IN 34823 2858 17 the the DT 34823 2858 18 actual actual JJ 34823 2858 19 trading trading NN 34823 2858 20 , , , 34823 2858 21 these these DT 34823 2858 22 sales sale NNS 34823 2858 23 become become VBP 34823 2858 24 effective effective JJ 34823 2858 25 automatically automatically RB 34823 2858 26 , , , 34823 2858 27 without without IN 34823 2858 28 getting get VBG 34823 2858 29 on on IN 34823 2858 30 the the DT 34823 2858 31 ticker ticker NN 34823 2858 32 . . . 34823 2859 1 How how WRB 34823 2859 2 extensive extensive JJ 34823 2859 3 this this DT 34823 2859 4 is be VBZ 34823 2859 5 can can MD 34823 2859 6 not not RB 34823 2859 7 be be VB 34823 2859 8 stated state VBN 34823 2859 9 . . . 34823 2860 1 It -PRON- PRP 34823 2860 2 may may MD 34823 2860 3 sometimes sometimes RB 34823 2860 4 add add VB 34823 2860 5 very very RB 34823 2860 6 substantially substantially RB 34823 2860 7 . . . 34823 2861 1 [ [ -LRB- 34823 2861 2 272 272 CD 34823 2861 3 ] ] -RRB- 34823 2861 4 Thus thus RB 34823 2861 5 , , , 34823 2861 6 on on IN 34823 2861 7 the the DT 34823 2861 8 floor floor NN 34823 2861 9 of of IN 34823 2861 10 the the DT 34823 2861 11 New New NNP 34823 2861 12 York York NNP 34823 2861 13 Stock Stock NNP 34823 2861 14 Exchange Exchange NNP 34823 2861 15 we -PRON- PRP 34823 2861 16 have have VBP 34823 2861 17 dealings dealing NNS 34823 2861 18 in in IN 34823 2861 19 excess excess NN 34823 2861 20 of of IN 34823 2861 21 25 25 CD 34823 2861 22 billions billion NNS 34823 2861 23 for for IN 34823 2861 24 1909 1909 CD 34823 2861 25 . . . 34823 2862 1 This this DT 34823 2862 2 is be VBZ 34823 2862 3 nearly nearly RB 34823 2862 4 as as RB 34823 2862 5 large large JJ 34823 2862 6 as as IN 34823 2862 7 the the DT 34823 2862 8 figure figure NN 34823 2862 9 we -PRON- PRP 34823 2862 10 have have VBP 34823 2862 11 assigned assign VBN 34823 2862 12 , , , 34823 2862 13 on on IN 34823 2862 14 the the DT 34823 2862 15 basis basis NN 34823 2862 16 of of IN 34823 2862 17 the the DT 34823 2862 18 bank bank NN 34823 2862 19 figures figure NNS 34823 2862 20 , , , 34823 2862 21 to to TO 34823 2862 22 total total JJ 34823 2862 23 retail retail JJ 34823 2862 24 trade trade NN 34823 2862 25 of of IN 34823 2862 26 the the DT 34823 2862 27 country country NN 34823 2862 28 , , , 34823 2862 29 and and CC 34823 2862 30 it -PRON- PRP 34823 2862 31 may may MD 34823 2862 32 well well RB 34823 2862 33 exceed exceed VB 34823 2862 34 the the DT 34823 2862 35 retail retail JJ 34823 2862 36 trade trade NN 34823 2862 37 in in IN 34823 2862 38 fact fact NN 34823 2862 39 . . . 34823 2863 1 Recorded record VBN 34823 2863 2 sales sale NNS 34823 2863 3 on on IN 34823 2863 4 other other JJ 34823 2863 5 stock stock NN 34823 2863 6 exchanges exchange NNS 34823 2863 7 do do VBP 34823 2863 8 not not RB 34823 2863 9 , , , 34823 2863 10 in in IN 34823 2863 11 the the DT 34823 2863 12 aggregate aggregate NN 34823 2863 13 for for IN 34823 2863 14 the the DT 34823 2863 15 country country NN 34823 2863 16 , , , 34823 2863 17 bulk bulk JJ 34823 2863 18 very very RB 34823 2863 19 large large JJ 34823 2863 20 . . . 34823 2864 1 For for IN 34823 2864 2 1910 1910 CD 34823 2864 3 , , , 34823 2864 4 when when WRB 34823 2864 5 New New NNP 34823 2864 6 York York NNP 34823 2864 7 shares share NNS 34823 2864 8 reached reach VBD 34823 2864 9 164 164 CD 34823 2864 10 millions million NNS 34823 2864 11 , , , 34823 2864 12 the the DT 34823 2864 13 total total NN 34823 2864 14 for for IN 34823 2864 15 Boston Boston NNP 34823 2864 16 , , , 34823 2864 17 Philadelphia Philadelphia NNP 34823 2864 18 , , , 34823 2864 19 Chicago Chicago NNP 34823 2864 20 , , , 34823 2864 21 and and CC 34823 2864 22 Baltimore Baltimore NNP 34823 2864 23 was be VBD 34823 2864 24 something something NN 34823 2864 25 over over IN 34823 2864 26 21 21 CD 34823 2864 27 million million CD 34823 2864 28 shares share NNS 34823 2864 29 . . . 34823 2865 1 [ [ -LRB- 34823 2865 2 273 273 CD 34823 2865 3 ] ] -RRB- 34823 2865 4 The the DT 34823 2865 5 New New NNP 34823 2865 6 York York NNP 34823 2865 7 Curb Curb NNP 34823 2865 8 has have VBZ 34823 2865 9 had have VBN 34823 2865 10 " " `` 34823 2865 11 million million CD 34823 2865 12 share share NN 34823 2865 13 " " '' 34823 2865 14 days day NNS 34823 2865 15 , , , 34823 2865 16 but but CC 34823 2865 17 the the DT 34823 2865 18 average average JJ 34823 2865 19 value value NN 34823 2865 20 of of IN 34823 2865 21 shares share NNS 34823 2865 22 is be VBZ 34823 2865 23 low low JJ 34823 2865 24 . . . 34823 2866 1 But but CC 34823 2866 2 the the DT 34823 2866 3 dealings dealing NNS 34823 2866 4 on on IN 34823 2866 5 the the DT 34823 2866 6 floors floor NNS 34823 2866 7 on on IN 34823 2866 8 the the DT 34823 2866 9 exchanges exchange NNS 34823 2866 10 and and CC 34823 2866 11 " " `` 34823 2866 12 curbs curb NNS 34823 2866 13 " " '' 34823 2866 14 are be VBP 34823 2866 15 far far RB 34823 2866 16 from from IN 34823 2866 17 all all DT 34823 2866 18 of of IN 34823 2866 19 the the DT 34823 2866 20 dealings dealing NNS 34823 2866 21 in in IN 34823 2866 22 securities security NNS 34823 2866 23 ! ! . 34823 2867 1 Only only JJ 34823 2867 2 securities security NNS 34823 2867 3 which which WDT 34823 2867 4 have have VBP 34823 2867 5 been be VBN 34823 2867 6 admitted admit VBN 34823 2867 7 by by IN 34823 2867 8 the the DT 34823 2867 9 authorities authority NNS 34823 2867 10 are be VBP 34823 2867 11 dealt deal VBN 34823 2867 12 in in RP 34823 2867 13 on on IN 34823 2867 14 the the DT 34823 2867 15 exchanges exchange NNS 34823 2867 16 . . . 34823 2868 1 The the DT 34823 2868 2 volume volume NN 34823 2868 3 of of IN 34823 2868 4 unlisted unlisted JJ 34823 2868 5 securities security NNS 34823 2868 6 is be VBZ 34823 2868 7 enormous enormous JJ 34823 2868 8 . . . 34823 2869 1 Moreover moreover RB 34823 2869 2 , , , 34823 2869 3 not not RB 34823 2869 4 all all DT 34823 2869 5 , , , 34823 2869 6 by by IN 34823 2869 7 any any DT 34823 2869 8 means mean NNS 34823 2869 9 , , , 34823 2869 10 of of IN 34823 2869 11 the the DT 34823 2869 12 sales sale NNS 34823 2869 13 of of IN 34823 2869 14 listed list VBN 34823 2869 15 securities security NNS 34823 2869 16 take take VB 34823 2869 17 place place NN 34823 2869 18 on on IN 34823 2869 19 the the DT 34823 2869 20 floors floor NNS 34823 2869 21 of of IN 34823 2869 22 the the DT 34823 2869 23 exchanges exchange NNS 34823 2869 24 . . . 34823 2870 1 The the DT 34823 2870 2 bond bond NN 34823 2870 3 expert expert NN 34823 2870 4 of of IN 34823 2870 5 a a DT 34823 2870 6 large large JJ 34823 2870 7 banking banking NN 34823 2870 8 house house NN 34823 2870 9 in in IN 34823 2870 10 Boston Boston NNP 34823 2870 11 informs inform VBZ 34823 2870 12 me -PRON- PRP 34823 2870 13 that that IN 34823 2870 14 the the DT 34823 2870 15 " " `` 34823 2870 16 over over IN 34823 2870 17 - - HYPH 34823 2870 18 the the DT 34823 2870 19 - - HYPH 34823 2870 20 counter counter NN 34823 2870 21 " " '' 34823 2870 22 business business NN 34823 2870 23 in in IN 34823 2870 24 Boston Boston NNP 34823 2870 25 , , , 34823 2870 26 both both DT 34823 2870 27 for for IN 34823 2870 28 stocks stock NNS 34823 2870 29 and and CC 34823 2870 30 for for IN 34823 2870 31 bonds bond NNS 34823 2870 32 , , , 34823 2870 33 much much RB 34823 2870 34 exceeds exceed VBZ 34823 2870 35 the the DT 34823 2870 36 business business NN 34823 2870 37 in in IN 34823 2870 38 the the DT 34823 2870 39 Boston Boston NNP 34823 2870 40 Stock Stock NNP 34823 2870 41 Exchange Exchange NNP 34823 2870 42 , , , 34823 2870 43 and and CC 34823 2870 44 others other NNS 34823 2870 45 among among IN 34823 2870 46 Boston Boston NNP 34823 2870 47 brokers broker NNS 34823 2870 48 have have VBP 34823 2870 49 expressed express VBN 34823 2870 50 the the DT 34823 2870 51 same same JJ 34823 2870 52 opinion opinion NN 34823 2870 53 . . . 34823 2871 1 The the DT 34823 2871 2 statement statement NN 34823 2871 3 has have VBZ 34823 2871 4 been be VBN 34823 2871 5 repeatedly repeatedly RB 34823 2871 6 made make VBN 34823 2871 7 in in IN 34823 2871 8 the the DT 34823 2871 9 financial financial JJ 34823 2871 10 press press NN 34823 2871 11 that that DT 34823 2871 12 of of IN 34823 2871 13 the the DT 34823 2871 14 bonds bond NNS 34823 2871 15 listed list VBN 34823 2871 16 on on IN 34823 2871 17 the the DT 34823 2871 18 New New NNP 34823 2871 19 York York NNP 34823 2871 20 Stock Stock NNP 34823 2871 21 Exchange Exchange NNP 34823 2871 22 , , , 34823 2871 23 ten ten CD 34823 2871 24 are be VBP 34823 2871 25 sold sell VBN 34823 2871 26 over over IN 34823 2871 27 the the DT 34823 2871 28 counter counter NN 34823 2871 29 for for IN 34823 2871 30 one one CD 34823 2871 31 sold sell VBN 34823 2871 32 on on IN 34823 2871 33 the the DT 34823 2871 34 floor floor NN 34823 2871 35 . . . 34823 2872 1 Evidence evidence NN 34823 2872 2 on on IN 34823 2872 3 this this DT 34823 2872 4 point point NN 34823 2872 5 is be VBZ 34823 2872 6 not not RB 34823 2872 7 to to TO 34823 2872 8 be be VB 34823 2872 9 had have VBN 34823 2872 10 in in IN 34823 2872 11 definite definite JJ 34823 2872 12 figures figure NNS 34823 2872 13 , , , 34823 2872 14 of of IN 34823 2872 15 course course NN 34823 2872 16 , , , 34823 2872 17 but but CC 34823 2872 18 I -PRON- PRP 34823 2872 19 have have VBP 34823 2872 20 found find VBN 34823 2872 21 no no DT 34823 2872 22 one one NN 34823 2872 23 in in IN 34823 2872 24 Wall Wall NNP 34823 2872 25 Street Street NNP 34823 2872 26 who who WP 34823 2872 27 regards regard VBZ 34823 2872 28 it -PRON- PRP 34823 2872 29 as as RB 34823 2872 30 extravagant extravagant JJ 34823 2872 31 . . . 34823 2873 1 A a DT 34823 2873 2 single single JJ 34823 2873 3 big big JJ 34823 2873 4 bank bank NN 34823 2873 5 in in IN 34823 2873 6 New New NNP 34823 2873 7 York York NNP 34823 2873 8 sold sell VBD 34823 2873 9 $ $ $ 34823 2873 10 550,000,000 550,000,000 CD 34823 2873 11 in in IN 34823 2873 12 bonds bond NNS 34823 2873 13 in in IN 34823 2873 14 1911 1911 CD 34823 2873 15 - - HYPH 34823 2873 16 -more -more NN 34823 2873 17 than than IN 34823 2873 18 half half PDT 34823 2873 19 the the DT 34823 2873 20 recorded record VBN 34823 2873 21 bond bond NN 34823 2873 22 sales sale NNS 34823 2873 23 on on IN 34823 2873 24 the the DT 34823 2873 25 Stock Stock NNP 34823 2873 26 Exchange Exchange NNP 34823 2873 27 . . . 34823 2874 1 [ [ -LRB- 34823 2874 2 274 274 CD 34823 2874 3 ] ] -RRB- 34823 2874 4 I -PRON- PRP 34823 2874 5 should should MD 34823 2874 6 not not RB 34823 2874 7 know know VB 34823 2874 8 how how WRB 34823 2874 9 to to TO 34823 2874 10 estimate estimate VB 34823 2874 11 the the DT 34823 2874 12 volume volume NN 34823 2874 13 of of IN 34823 2874 14 outside outside JJ 34823 2874 15 dealings dealing NNS 34823 2874 16 within within IN 34823 2874 17 many many JJ 34823 2874 18 billions billion NNS 34823 2874 19 of of IN 34823 2874 20 " " `` 34823 2874 21 probable probable JJ 34823 2874 22 error error NN 34823 2874 23 . . . 34823 2874 24 " " '' 34823 2875 1 If if IN 34823 2875 2 ten ten CD 34823 2875 3 billions billion NNS 34823 2875 4 of of IN 34823 2875 5 listed list VBN 34823 2875 6 bonds bond NNS 34823 2875 7 are be VBP 34823 2875 8 sold sell VBN 34823 2875 9 over over IN 34823 2875 10 the the DT 34823 2875 11 counter counter NN 34823 2875 12 in in IN 34823 2875 13 New New NNP 34823 2875 14 York York NNP 34823 2875 15 alone alone RB 34823 2875 16 , , , 34823 2875 17 we -PRON- PRP 34823 2875 18 may may MD 34823 2875 19 well well RB 34823 2875 20 suppose suppose VB 34823 2875 21 that that IN 34823 2875 22 the the DT 34823 2875 23 volume volume NN 34823 2875 24 of of IN 34823 2875 25 over over IN 34823 2875 26 - - HYPH 34823 2875 27 the the DT 34823 2875 28 - - HYPH 34823 2875 29 counter counter NN 34823 2875 30 sales sale NNS 34823 2875 31 of of IN 34823 2875 32 listed listed JJ 34823 2875 33 and and CC 34823 2875 34 unlisted unlisted JJ 34823 2875 35 securities security NNS 34823 2875 36 at at IN 34823 2875 37 least least JJS 34823 2875 38 is be VBZ 34823 2875 39 not not RB 34823 2875 40 smaller small JJR 34823 2875 41 than than IN 34823 2875 42 the the DT 34823 2875 43 recorded record VBN 34823 2875 44 sales sale NNS 34823 2875 45 on on IN 34823 2875 46 the the DT 34823 2875 47 floors floor NNS 34823 2875 48 of of IN 34823 2875 49 the the DT 34823 2875 50 exchanges exchange NNS 34823 2875 51 . . . 34823 2876 1 But but CC 34823 2876 2 this this DT 34823 2876 3 is be VBZ 34823 2876 4 all all DT 34823 2876 5 guess guess VB 34823 2876 6 work work NN 34823 2876 7 . . . 34823 2877 1 There there EX 34823 2877 2 are be VBP 34823 2877 3 no no DT 34823 2877 4 definite definite JJ 34823 2877 5 data datum NNS 34823 2877 6 . . . 34823 2878 1 For for IN 34823 2878 2 produce produce NN 34823 2878 3 , , , 34823 2878 4 cotton cotton NN 34823 2878 5 , , , 34823 2878 6 and and CC 34823 2878 7 grain grain NN 34823 2878 8 speculation speculation NN 34823 2878 9 we -PRON- PRP 34823 2878 10 have have VBP 34823 2878 11 , , , 34823 2878 12 in in IN 34823 2878 13 general general JJ 34823 2878 14 , , , 34823 2878 15 estimates estimate VBZ 34823 2878 16 rather rather RB 34823 2878 17 than than IN 34823 2878 18 records record NNS 34823 2878 19 . . . 34823 2879 1 For for IN 34823 2879 2 the the DT 34823 2879 3 Board Board NNP 34823 2879 4 of of IN 34823 2879 5 Trade Trade NNP 34823 2879 6 , , , 34823 2879 7 in in IN 34823 2879 8 Chicago Chicago NNP 34823 2879 9 , , , 34823 2879 10 there there EX 34823 2879 11 is be VBZ 34823 2879 12 one one CD 34823 2879 13 quite quite RB 34823 2879 14 striking striking JJ 34823 2879 15 piece piece NN 34823 2879 16 of of IN 34823 2879 17 information information NN 34823 2879 18 . . . 34823 2880 1 That that DT 34823 2880 2 is be VBZ 34823 2880 3 that that IN 34823 2880 4 the the DT 34823 2880 5 Federal Federal NNP 34823 2880 6 War War NNP 34823 2880 7 Tax Tax NNP 34823 2880 8 of of IN 34823 2880 9 1 1 CD 34823 2880 10 cent cent NN 34823 2880 11 per per IN 34823 2880 12 hundred hundred CD 34823 2880 13 dollars dollar NNS 34823 2880 14 on on IN 34823 2880 15 grain grain NN 34823 2880 16 and and CC 34823 2880 17 provision provision NN 34823 2880 18 futures future NNS 34823 2880 19 on on IN 34823 2880 20 the the DT 34823 2880 21 exchanges exchange NNS 34823 2880 22 produced produce VBD 34823 2880 23 $ $ $ 34823 2880 24 2,000,000 2,000,000 CD 34823 2880 25 in in IN 34823 2880 26 Chicago Chicago NNP 34823 2880 27 alone alone RB 34823 2880 28 in in IN 34823 2880 29 1915 1915 CD 34823 2880 30 . . . 34823 2881 1 [ [ -LRB- 34823 2881 2 275 275 CD 34823 2881 3 ] ] -RRB- 34823 2881 4 For for IN 34823 2881 5 the the DT 34823 2881 6 purposes purpose NNS 34823 2881 7 of of IN 34823 2881 8 the the DT 34823 2881 9 tax tax NN 34823 2881 10 , , , 34823 2881 11 deliveries delivery NNS 34823 2881 12 within within IN 34823 2881 13 thirty thirty CD 34823 2881 14 days day NNS 34823 2881 15 were be VBD 34823 2881 16 counted count VBN 34823 2881 17 , , , 34823 2881 18 not not RB 34823 2881 19 as as IN 34823 2881 20 futures future NNS 34823 2881 21 , , , 34823 2881 22 but but CC 34823 2881 23 as as IN 34823 2881 24 " " `` 34823 2881 25 spot spot NN 34823 2881 26 " " '' 34823 2881 27 transactions transaction NNS 34823 2881 28 . . . 34823 2882 1 The the DT 34823 2882 2 tax tax NN 34823 2882 3 was be VBD 34823 2882 4 collected collect VBN 34823 2882 5 almost almost RB 34823 2882 6 wholly wholly RB 34823 2882 7 on on IN 34823 2882 8 grain grain NN 34823 2882 9 . . . 34823 2883 1 If if IN 34823 2883 2 the the DT 34823 2883 3 above above JJ 34823 2883 4 figure figure NN 34823 2883 5 is be VBZ 34823 2883 6 correct correct JJ 34823 2883 7 , , , 34823 2883 8 then then RB 34823 2883 9 it -PRON- PRP 34823 2883 10 is be VBZ 34823 2883 11 clear clear JJ 34823 2883 12 that that IN 34823 2883 13 dealings dealing NNS 34823 2883 14 in in IN 34823 2883 15 these these DT 34823 2883 16 futures future NNS 34823 2883 17 of of IN 34823 2883 18 over over IN 34823 2883 19 thirty thirty CD 34823 2883 20 days day NNS 34823 2883 21 aggregated aggregate VBN 34823 2883 22 20 20 CD 34823 2883 23 billions billion NNS 34823 2883 24 of of IN 34823 2883 25 dollars dollar NNS 34823 2883 26 worth worth JJ 34823 2883 27 . . . 34823 2884 1 This this DT 34823 2884 2 gives give VBZ 34823 2884 3 no no DT 34823 2884 4 estimate estimate NN 34823 2884 5 of of IN 34823 2884 6 spot spot NN 34823 2884 7 transactions transaction NNS 34823 2884 8 , , , 34823 2884 9 which which WDT 34823 2884 10 are be VBP 34823 2884 11 , , , 34823 2884 12 however however RB 34823 2884 13 , , , 34823 2884 14 very very RB 34823 2884 15 great great JJ 34823 2884 16 . . . 34823 2885 1 All all PDT 34823 2885 2 this this DT 34823 2885 3 trading trading NN 34823 2885 4 involved involve VBD 34823 2885 5 less less JJR 34823 2885 6 than than IN 34823 2885 7 400,000,000 400,000,000 CD 34823 2885 8 bushels bushel NNS 34823 2885 9 of of IN 34823 2885 10 grain grain NN 34823 2885 11 received receive VBN 34823 2885 12 at at IN 34823 2885 13 Chicago Chicago NNP 34823 2885 14 -- -- : 34823 2885 15 a a DT 34823 2885 16 little little JJ 34823 2885 17 over over IN 34823 2885 18 a a DT 34823 2885 19 billion billion CD 34823 2885 20 bushels bushel NNS 34823 2885 21 were be VBD 34823 2885 22 received receive VBN 34823 2885 23 at at IN 34823 2885 24 all all DT 34823 2885 25 primary primary JJ 34823 2885 26 markets market NNS 34823 2885 27 . . . 34823 2886 1 The the DT 34823 2886 2 grain grain NN 34823 2886 3 received receive VBD 34823 2886 4 at at IN 34823 2886 5 Chicago Chicago NNP 34823 2886 6 was be VBD 34823 2886 7 , , , 34823 2886 8 thus thus RB 34823 2886 9 , , , 34823 2886 10 ( ( -LRB- 34823 2886 11 at at IN 34823 2886 12 80 80 CD 34823 2886 13 c. c. NN 34823 2886 14 per per IN 34823 2886 15 bushel bushel NNP 34823 2886 16 ) ) -RRB- 34823 2886 17 , , , 34823 2886 18 sold sell VBD 34823 2886 19 sixty sixty CD 34823 2886 20 - - HYPH 34823 2886 21 two two CD 34823 2886 22 times time NNS 34823 2886 23 over over RB 34823 2886 24 in in IN 34823 2886 25 these these DT 34823 2886 26 futures future NNS 34823 2886 27 , , , 34823 2886 28 and and CC 34823 2886 29 an an DT 34823 2886 30 unknown unknown JJ 34823 2886 31 number number NN 34823 2886 32 of of IN 34823 2886 33 times time NNS 34823 2886 34 in in IN 34823 2886 35 spot spot NN 34823 2886 36 transactions transaction NNS 34823 2886 37 . . . 34823 2887 1 There there EX 34823 2887 2 are be VBP 34823 2887 3 further further JJ 34823 2887 4 enormous enormous JJ 34823 2887 5 spot spot NN 34823 2887 6 transactions transaction NNS 34823 2887 7 in in IN 34823 2887 8 provisions provision NNS 34823 2887 9 of of IN 34823 2887 10 various various JJ 34823 2887 11 kinds kind NNS 34823 2887 12 at at IN 34823 2887 13 Chicago Chicago NNP 34823 2887 14 . . . 34823 2888 1 Chicago Chicago NNP 34823 2888 2 is be VBZ 34823 2888 3 the the DT 34823 2888 4 great great JJ 34823 2888 5 centre centre NN 34823 2888 6 , , , 34823 2888 7 of of IN 34823 2888 8 course course NN 34823 2888 9 , , , 34823 2888 10 for for IN 34823 2888 11 this this DT 34823 2888 12 kind kind NN 34823 2888 13 of of IN 34823 2888 14 speculation speculation NN 34823 2888 15 in in IN 34823 2888 16 the the DT 34823 2888 17 United United NNP 34823 2888 18 States States NNP 34823 2888 19 . . . 34823 2889 1 It -PRON- PRP 34823 2889 2 may may MD 34823 2889 3 well well RB 34823 2889 4 be be VB 34823 2889 5 the the DT 34823 2889 6 world world NN 34823 2889 7 's 's POS 34823 2889 8 chief chief JJ 34823 2889 9 market market NN 34823 2889 10 , , , 34823 2889 11 so so RB 34823 2889 12 far far RB 34823 2889 13 as as IN 34823 2889 14 futures future NNS 34823 2889 15 are be VBP 34823 2889 16 concerned concern VBN 34823 2889 17 , , , 34823 2889 18 though though IN 34823 2889 19 evidence evidence NN 34823 2889 20 to to TO 34823 2889 21 establish establish VB 34823 2889 22 such such PDT 34823 2889 23 a a DT 34823 2889 24 thesis thesis NN 34823 2889 25 is be VBZ 34823 2889 26 not not RB 34823 2889 27 at at IN 34823 2889 28 hand hand NN 34823 2889 29 . . . 34823 2890 1 London London NNP 34823 2890 2 and and CC 34823 2890 3 Liverpool Liverpool NNP 34823 2890 4 are be VBP 34823 2890 5 gigantic gigantic JJ 34823 2890 6 centres centre NNS 34823 2890 7 of of IN 34823 2890 8 commodity commodity NN 34823 2890 9 speculation speculation NN 34823 2890 10 . . . 34823 2891 1 But but CC 34823 2891 2 we -PRON- PRP 34823 2891 3 have have VBP 34823 2891 4 numerous numerous JJ 34823 2891 5 cities city NNS 34823 2891 6 in in IN 34823 2891 7 the the DT 34823 2891 8 United United NNP 34823 2891 9 States States NNP 34823 2891 10 where where WRB 34823 2891 11 such such JJ 34823 2891 12 speculation speculation NN 34823 2891 13 is be VBZ 34823 2891 14 very very RB 34823 2891 15 great great JJ 34823 2891 16 . . . 34823 2892 1 St. St. NNP 34823 2892 2 Louis Louis NNP 34823 2892 3 , , , 34823 2892 4 Kansas Kansas NNP 34823 2892 5 City City NNP 34823 2892 6 , , , 34823 2892 7 Minneapolis Minneapolis NNP 34823 2892 8 , , , 34823 2892 9 New New NNP 34823 2892 10 Orleans Orleans NNP 34823 2892 11 , , , 34823 2892 12 and and CC 34823 2892 13 other other JJ 34823 2892 14 cities city NNS 34823 2892 15 are be VBP 34823 2892 16 active active JJ 34823 2892 17 speculative speculative JJ 34823 2892 18 centres centre NNS 34823 2892 19 . . . 34823 2893 1 New New NNP 34823 2893 2 York York NNP 34823 2893 3 , , , 34823 2893 4 while while IN 34823 2893 5 small small JJ 34823 2893 6 in in IN 34823 2893 7 its -PRON- PRP$ 34823 2893 8 volume volume NN 34823 2893 9 of of IN 34823 2893 10 grain grain NN 34823 2893 11 and and CC 34823 2893 12 produce produce VB 34823 2893 13 speculation speculation NN 34823 2893 14 as as IN 34823 2893 15 compared compare VBN 34823 2893 16 with with IN 34823 2893 17 Chicago Chicago NNP 34823 2893 18 , , , 34823 2893 19 is be VBZ 34823 2893 20 the the DT 34823 2893 21 world world NN 34823 2893 22 's 's POS 34823 2893 23 centre centre NN 34823 2893 24 for for IN 34823 2893 25 cotton cotton NN 34823 2893 26 speculation speculation NN 34823 2893 27 , , , 34823 2893 28 and and CC 34823 2893 29 the the DT 34823 2893 30 world world NN 34823 2893 31 's 's POS 34823 2893 32 centre centre NN 34823 2893 33 for for IN 34823 2893 34 futures future NNS 34823 2893 35 in in IN 34823 2893 36 coffee coffee NN 34823 2893 37 , , , 34823 2893 38 though though IN 34823 2893 39 yielding yield VBG 34823 2893 40 precedence precedence NN 34823 2893 41 to to IN 34823 2893 42 Havre Havre NNP 34823 2893 43 , , , 34823 2893 44 Santos Santos NNP 34823 2893 45 and and CC 34823 2893 46 Hamburg,[276 Hamburg,[276 NNP 34823 2893 47 ] ] -RRB- 34823 2893 48 ordinarily ordinarily RB 34823 2893 49 , , , 34823 2893 50 in in IN 34823 2893 51 the the DT 34823 2893 52 volume volume NN 34823 2893 53 of of IN 34823 2893 54 spot spot NN 34823 2893 55 coffee coffee NN 34823 2893 56 transactions transaction NNS 34823 2893 57 , , , 34823 2893 58 and and CC 34823 2893 59 though though RB 34823 2893 60 handling handle VBG 34823 2893 61 only only RB 34823 2893 62 a a DT 34823 2893 63 very very RB 34823 2893 64 small small JJ 34823 2893 65 amount amount NN 34823 2893 66 of of IN 34823 2893 67 spot spot NN 34823 2893 68 cotton cotton NN 34823 2893 69 . . . 34823 2894 1 The the DT 34823 2894 2 volume volume NN 34823 2894 3 of of IN 34823 2894 4 cotton cotton NN 34823 2894 5 sold sell VBN 34823 2894 6 in in IN 34823 2894 7 an an DT 34823 2894 8 ordinary ordinary JJ 34823 2894 9 year year NN 34823 2894 10 in in IN 34823 2894 11 New New NNP 34823 2894 12 York York NNP 34823 2894 13 is be VBZ 34823 2894 14 50,000,000 50,000,000 CD 34823 2894 15 bales,[277 bales,[277 NNP 34823 2894 16 ] ] -RRB- 34823 2894 17 though though IN 34823 2894 18 only only RB 34823 2894 19 about about IN 34823 2894 20 160,000 160,000 CD 34823 2894 21 bales bale NNS 34823 2894 22 are be VBP 34823 2894 23 ordinarily ordinarily RB 34823 2894 24 received receive VBN 34823 2894 25 there there RB 34823 2894 26 , , , 34823 2894 27 in in IN 34823 2894 28 a a DT 34823 2894 29 year year NN 34823 2894 30 . . . 34823 2895 1 [ [ -LRB- 34823 2895 2 278 278 CD 34823 2895 3 ] ] -RRB- 34823 2895 4 In in IN 34823 2895 5 the the DT 34823 2895 6 five five CD 34823 2895 7 years year NNS 34823 2895 8 preceding precede VBG 34823 2895 9 1909 1909 CD 34823 2895 10 , , , 34823 2895 11 the the DT 34823 2895 12 sales sale NNS 34823 2895 13 on on IN 34823 2895 14 the the DT 34823 2895 15 New New NNP 34823 2895 16 York York NNP 34823 2895 17 Coffee Coffee NNP 34823 2895 18 Exchange Exchange NNP 34823 2895 19 averaged average VBD 34823 2895 20 over over IN 34823 2895 21 16 16 CD 34823 2895 22 million million CD 34823 2895 23 bags bag NNS 34823 2895 24 of of IN 34823 2895 25 250 250 CD 34823 2895 26 pounds pound NNS 34823 2895 27 each each DT 34823 2895 28 . . . 34823 2896 1 [ [ -LRB- 34823 2896 2 279 279 CD 34823 2896 3 ] ] -RRB- 34823 2896 4 In in IN 34823 2896 5 1915 1915 CD 34823 2896 6 , , , 34823 2896 7 32 32 CD 34823 2896 8 million million CD 34823 2896 9 dollars dollar NNS 34823 2896 10 were be VBD 34823 2896 11 deposited deposit VBN 34823 2896 12 as as IN 34823 2896 13 margins margin NNS 34823 2896 14 in in IN 34823 2896 15 connection connection NN 34823 2896 16 with with IN 34823 2896 17 this this DT 34823 2896 18 speculation speculation NN 34823 2896 19 in in IN 34823 2896 20 coffee coffee NN 34823 2896 21 , , , 34823 2896 22 and and CC 34823 2896 23 in in IN 34823 2896 24 ordinary ordinary JJ 34823 2896 25 years year NNS 34823 2896 26 this this DT 34823 2896 27 runs run VBZ 34823 2896 28 from from IN 34823 2896 29 25 25 CD 34823 2896 30 to to TO 34823 2896 31 30 30 CD 34823 2896 32 millions million NNS 34823 2896 33 , , , 34823 2896 34 according accord VBG 34823 2896 35 to to IN 34823 2896 36 the the DT 34823 2896 37 Treasurer Treasurer NNP 34823 2896 38 of of IN 34823 2896 39 the the DT 34823 2896 40 Exchange Exchange NNP 34823 2896 41 . . . 34823 2897 1 The the DT 34823 2897 2 relation relation NN 34823 2897 3 between between IN 34823 2897 4 the the DT 34823 2897 5 margins margin NNS 34823 2897 6 put put VBP 34823 2897 7 up up RP 34823 2897 8 and and CC 34823 2897 9 the the DT 34823 2897 10 total total JJ 34823 2897 11 pecuniary pecuniary JJ 34823 2897 12 volume volume NN 34823 2897 13 of of IN 34823 2897 14 trading trading NN 34823 2897 15 is be VBZ 34823 2897 16 not not RB 34823 2897 17 indicated indicate VBN 34823 2897 18 , , , 34823 2897 19 but but CC 34823 2897 20 in in IN 34823 2897 21 most most JJS 34823 2897 22 exchanges exchange NNS 34823 2897 23 the the DT 34823 2897 24 actual actual JJ 34823 2897 25 depositing depositing NN 34823 2897 26 of of IN 34823 2897 27 margins margin NNS 34823 2897 28 is be VBZ 34823 2897 29 a a DT 34823 2897 30 small small JJ 34823 2897 31 fraction fraction NN 34823 2897 32 of of IN 34823 2897 33 the the DT 34823 2897 34 pecuniary pecuniary JJ 34823 2897 35 magnitude magnitude NN 34823 2897 36 of of IN 34823 2897 37 the the DT 34823 2897 38 turnovers turnover NNS 34823 2897 39 . . . 34823 2898 1 Both both DT 34823 2898 2 the the DT 34823 2898 3 Cotton Cotton NNP 34823 2898 4 and and CC 34823 2898 5 the the DT 34823 2898 6 Coffee Coffee NNP 34823 2898 7 Exchanges exchange NNS 34823 2898 8 are be VBP 34823 2898 9 international international JJ 34823 2898 10 centres centre NNS 34823 2898 11 . . . 34823 2899 1 The the DT 34823 2899 2 Coffee Coffee NNP 34823 2899 3 Exchange Exchange NNP 34823 2899 4 now now RB 34823 2899 5 handles handle VBZ 34823 2899 6 large large JJ 34823 2899 7 transactions transaction NNS 34823 2899 8 in in IN 34823 2899 9 sugar sugar NN 34823 2899 10 , , , 34823 2899 11 also also RB 34823 2899 12 . . . 34823 2900 1 Contacts contact NNS 34823 2900 2 between between IN 34823 2900 3 the the DT 34823 2900 4 organized organized JJ 34823 2900 5 exchanges exchange NNS 34823 2900 6 and and CC 34823 2900 7 ordinary ordinary JJ 34823 2900 8 business business NN 34823 2900 9 are be VBP 34823 2900 10 very very RB 34823 2900 11 numerous numerous JJ 34823 2900 12 . . . 34823 2901 1 Producers producer NNS 34823 2901 2 in in IN 34823 2901 3 every every DT 34823 2901 4 line line NN 34823 2901 5 who who WP 34823 2901 6 can can MD 34823 2901 7 do do VB 34823 2901 8 so so RB 34823 2901 9 protect protect VB 34823 2901 10 themselves -PRON- PRP 34823 2901 11 by by IN 34823 2901 12 " " `` 34823 2901 13 hedging hedging NN 34823 2901 14 " " '' 34823 2901 15 in in IN 34823 2901 16 the the DT 34823 2901 17 exchanges exchange NNS 34823 2901 18 which which WDT 34823 2901 19 deal deal VBP 34823 2901 20 in in IN 34823 2901 21 their -PRON- PRP$ 34823 2901 22 raw raw JJ 34823 2901 23 materials material NNS 34823 2901 24 . . . 34823 2902 1 This this DT 34823 2902 2 is be VBZ 34823 2902 3 a a DT 34823 2902 4 commonplace commonplace NN 34823 2902 5 , , , 34823 2902 6 so so RB 34823 2902 7 far far RB 34823 2902 8 as as IN 34823 2902 9 millers miller NNS 34823 2902 10 are be VBP 34823 2902 11 concerned concern VBN 34823 2902 12 . . . 34823 2903 1 The the DT 34823 2903 2 writer writer NN 34823 2903 3 has have VBZ 34823 2903 4 found find VBN 34823 2903 5 millers miller NNS 34823 2903 6 in in IN 34823 2903 7 a a DT 34823 2903 8 town town NN 34823 2903 9 off off IN 34823 2903 10 the the DT 34823 2903 11 main main JJ 34823 2903 12 lines line NNS 34823 2903 13 of of IN 34823 2903 14 the the DT 34823 2903 15 railroads railroad NNS 34823 2903 16 in in IN 34823 2903 17 Missouri Missouri NNP 34823 2903 18 who who WP 34823 2903 19 regularly regularly RB 34823 2903 20 sell sell VBP 34823 2903 21 short short JJ 34823 2903 22 a a DT 34823 2903 23 bushel bushel NN 34823 2903 24 of of IN 34823 2903 25 wheat wheat NN 34823 2903 26 on on IN 34823 2903 27 the the DT 34823 2903 28 St. St. NNP 34823 2903 29 Louis Louis NNP 34823 2903 30 Merchants Merchants NNPS 34823 2903 31 ' ' POS 34823 2903 32 Exchange Exchange NNP 34823 2903 33 for for IN 34823 2903 34 every every DT 34823 2903 35 bushel bushel NN 34823 2903 36 they -PRON- PRP 34823 2903 37 buy buy VBP 34823 2903 38 to to TO 34823 2903 39 grind grind VB 34823 2903 40 . . . 34823 2904 1 The the DT 34823 2904 2 business business NN 34823 2904 3 man man NN 34823 2904 4 who who WP 34823 2904 5 does do VBZ 34823 2904 6 not not RB 34823 2904 7 sometime sometime RB 34823 2904 8 take take VB 34823 2904 9 a a DT 34823 2904 10 " " `` 34823 2904 11 flier flier NN 34823 2904 12 " " '' 34823 2904 13 in in IN 34823 2904 14 the the DT 34823 2904 15 market market NN 34823 2904 16 for for IN 34823 2904 17 other other JJ 34823 2904 18 than than IN 34823 2904 19 hedging hedge VBG 34823 2904 20 purposes purpose NNS 34823 2904 21 is be VBZ 34823 2904 22 rare rare JJ 34823 2904 23 ! ! . 34823 2905 1 But but CC 34823 2905 2 , , , 34823 2905 3 apart apart RB 34823 2905 4 from from IN 34823 2905 5 the the DT 34823 2905 6 organized organize VBN 34823 2905 7 markets market NNS 34823 2905 8 there there EX 34823 2905 9 is be VBZ 34823 2905 10 an an DT 34823 2905 11 immense immense JJ 34823 2905 12 volume volume NN 34823 2905 13 of of IN 34823 2905 14 speculation speculation NN 34823 2905 15 . . . 34823 2906 1 If if IN 34823 2906 2 a a DT 34823 2906 3 wholesaler wholesaler NN 34823 2906 4 buys buy VBZ 34823 2906 5 only only RB 34823 2906 6 what what WP 34823 2906 7 he -PRON- PRP 34823 2906 8 can can MD 34823 2906 9 sell sell VB 34823 2906 10 to to IN 34823 2906 11 retailers retailer NNS 34823 2906 12 , , , 34823 2906 13 it -PRON- PRP 34823 2906 14 is be VBZ 34823 2906 15 not not RB 34823 2906 16 speculation speculation NN 34823 2906 17 . . . 34823 2907 1 But but CC 34823 2907 2 if if IN 34823 2907 3 he -PRON- PRP 34823 2907 4 buys buy VBZ 34823 2907 5 in in IN 34823 2907 6 excess excess NN 34823 2907 7 of of IN 34823 2907 8 the the DT 34823 2907 9 anticipated anticipate VBN 34823 2907 10 demands demand NNS 34823 2907 11 of of IN 34823 2907 12 his -PRON- PRP$ 34823 2907 13 retailers retailer NNS 34823 2907 14 , , , 34823 2907 15 expecting expect VBG 34823 2907 16 to to TO 34823 2907 17 sell sell VB 34823 2907 18 the the DT 34823 2907 19 excess excess NN 34823 2907 20 at at IN 34823 2907 21 an an DT 34823 2907 22 advance advance NN 34823 2907 23 to to IN 34823 2907 24 other other JJ 34823 2907 25 wholesalers wholesaler NNS 34823 2907 26 , , , 34823 2907 27 he -PRON- PRP 34823 2907 28 is be VBZ 34823 2907 29 speculating speculate VBG 34823 2907 30 . . . 34823 2908 1 If if IN 34823 2908 2 a a DT 34823 2908 3 farmer farmer NN 34823 2908 4 buys buy VBZ 34823 2908 5 cattle cattle NNS 34823 2908 6 to to TO 34823 2908 7 feed feed VB 34823 2908 8 , , , 34823 2908 9 he -PRON- PRP 34823 2908 10 is be VBZ 34823 2908 11 not not RB 34823 2908 12 speculating speculate VBG 34823 2908 13 , , , 34823 2908 14 but but CC 34823 2908 15 if if IN 34823 2908 16 he -PRON- PRP 34823 2908 17 buys buy VBZ 34823 2908 18 them -PRON- PRP 34823 2908 19 thinking think VBG 34823 2908 20 to to TO 34823 2908 21 sell sell VB 34823 2908 22 them -PRON- PRP 34823 2908 23 at at IN 34823 2908 24 an an DT 34823 2908 25 advance advance NN 34823 2908 26 in in IN 34823 2908 27 a a DT 34823 2908 28 short short JJ 34823 2908 29 time time NN 34823 2908 30 , , , 34823 2908 31 and and CC 34823 2908 32 does do VBZ 34823 2908 33 so so RB 34823 2908 34 , , , 34823 2908 35 the the DT 34823 2908 36 transactions transaction NNS 34823 2908 37 are be VBP 34823 2908 38 speculative speculative JJ 34823 2908 39 . . . 34823 2909 1 The the DT 34823 2909 2 line line NN 34823 2909 3 is be VBZ 34823 2909 4 not not RB 34823 2909 5 easy easy JJ 34823 2909 6 to to TO 34823 2909 7 draw draw VB 34823 2909 8 , , , 34823 2909 9 in in IN 34823 2909 10 practice practice NN 34823 2909 11 . . . 34823 2910 1 Intention intention NN 34823 2910 2 is be VBZ 34823 2910 3 shifting shift VBG 34823 2910 4 and and CC 34823 2910 5 uncertain uncertain JJ 34823 2910 6 . . . 34823 2911 1 There there EX 34823 2911 2 is be VBZ 34823 2911 3 chance chance NN 34823 2911 4 in in IN 34823 2911 5 every every DT 34823 2911 6 industrial industrial JJ 34823 2911 7 , , , 34823 2911 8 commercial commercial JJ 34823 2911 9 , , , 34823 2911 10 and and CC 34823 2911 11 agricultural agricultural JJ 34823 2911 12 operation operation NN 34823 2911 13 . . . 34823 2912 1 But but CC 34823 2912 2 for for IN 34823 2912 3 the the DT 34823 2912 4 point point NN 34823 2912 5 at at IN 34823 2912 6 hand hand NN 34823 2912 7 , , , 34823 2912 8 the the DT 34823 2912 9 test test NN 34823 2912 10 is be VBZ 34823 2912 11 simple simple JJ 34823 2912 12 : : : 34823 2912 13 do do VB 34823 2912 14 more more JJR 34823 2912 15 exchanges exchange NNS 34823 2912 16 take take VB 34823 2912 17 place place NN 34823 2912 18 than than IN 34823 2912 19 are be VBP 34823 2912 20 necessary necessary JJ 34823 2912 21 , , , 34823 2912 22 under under IN 34823 2912 23 the the DT 34823 2912 24 existing exist VBG 34823 2912 25 division division NN 34823 2912 26 of of IN 34823 2912 27 labor labor NN 34823 2912 28 , , , 34823 2912 29 to to TO 34823 2912 30 advance advance VB 34823 2912 31 the the DT 34823 2912 32 materials material NNS 34823 2912 33 of of IN 34823 2912 34 industry industry NN 34823 2912 35 through through IN 34823 2912 36 the the DT 34823 2912 37 stages stage NNS 34823 2912 38 of of IN 34823 2912 39 production production NN 34823 2912 40 , , , 34823 2912 41 and and CC 34823 2912 42 get get VB 34823 2912 43 things thing NNS 34823 2912 44 finally finally RB 34823 2912 45 to to IN 34823 2912 46 the the DT 34823 2912 47 consumer consumer NN 34823 2912 48 ? ? . 34823 2913 1 If if IN 34823 2913 2 so so RB 34823 2913 3 , , , 34823 2913 4 the the DT 34823 2913 5 excess excess NN 34823 2913 6 of of IN 34823 2913 7 exchanges exchange NNS 34823 2913 8 is be VBZ 34823 2913 9 speculative speculative JJ 34823 2913 10 . . . 34823 2914 1 Trading trading NN 34823 2914 2 between between IN 34823 2914 3 men man NNS 34823 2914 4 in in IN 34823 2914 5 the the DT 34823 2914 6 same same JJ 34823 2914 7 stage stage NN 34823 2914 8 of of IN 34823 2914 9 production production NN 34823 2914 10 is be VBZ 34823 2914 11 speculation speculation NN 34823 2914 12 . . . 34823 2915 1 It -PRON- PRP 34823 2915 2 represents represent VBZ 34823 2915 3 trading trade VBG 34823 2915 4 to to TO 34823 2915 5 smooth smooth VB 34823 2915 6 out out RP 34823 2915 7 dynamic dynamic JJ 34823 2915 8 changes change NNS 34823 2915 9 , , , 34823 2915 10 to to TO 34823 2915 11 bring bring VB 34823 2915 12 about about RP 34823 2915 13 readjustments readjustment NNS 34823 2915 14 which which WDT 34823 2915 15 would would MD 34823 2915 16 have have VB 34823 2915 17 been be VBN 34823 2915 18 unnecessary unnecessary JJ 34823 2915 19 had have VBN 34823 2915 20 conditions condition NNS 34823 2915 21 really really RB 34823 2915 22 been be VBN 34823 2915 23 static static JJ 34823 2915 24 , , , 34823 2915 25 and and CC 34823 2915 26 had have VBD 34823 2915 27 the the DT 34823 2915 28 initial initial JJ 34823 2915 29 plans plan NNS 34823 2915 30 of of IN 34823 2915 31 enterprisers enterpriser NNS 34823 2915 32 been be VBN 34823 2915 33 adequate adequate JJ 34823 2915 34 . . . 34823 2916 1 Trading trading NN 34823 2916 2 in in IN 34823 2916 3 anticipation anticipation NN 34823 2916 4 of of IN 34823 2916 5 further further JJ 34823 2916 6 trading trading NN 34823 2916 7 with with IN 34823 2916 8 men man NNS 34823 2916 9 in in IN 34823 2916 10 the the DT 34823 2916 11 same same JJ 34823 2916 12 stage stage NN 34823 2916 13 of of IN 34823 2916 14 production production NN 34823 2916 15 is be VBZ 34823 2916 16 speculative speculative JJ 34823 2916 17 . . . 34823 2917 1 This this DT 34823 2917 2 sort sort NN 34823 2917 3 of of IN 34823 2917 4 thing thing NN 34823 2917 5 , , , 34823 2917 6 in in IN 34823 2917 7 the the DT 34823 2917 8 wholesale wholesale JJ 34823 2917 9 business business NN 34823 2917 10 , , , 34823 2917 11 especially especially RB 34823 2917 12 , , , 34823 2917 13 is be VBZ 34823 2917 14 exceedingly exceedingly RB 34823 2917 15 common common JJ 34823 2917 16 . . . 34823 2918 1 This this DT 34823 2918 2 has have VBZ 34823 2918 3 been be VBN 34823 2918 4 noted note VBN 34823 2918 5 by by IN 34823 2918 6 Professor Professor NNP 34823 2918 7 Taussig Taussig NNP 34823 2918 8 , , , 34823 2918 9 and and CC 34823 2918 10 made make VBN 34823 2918 11 by by IN 34823 2918 12 him -PRON- PRP 34823 2918 13 an an DT 34823 2918 14 important important JJ 34823 2918 15 point point NN 34823 2918 16 in in IN 34823 2918 17 the the DT 34823 2918 18 theory theory NN 34823 2918 19 of of IN 34823 2918 20 crises crisis NNS 34823 2918 21 . . . 34823 2919 1 Dean Dean NNP 34823 2919 2 Kinley[280 Kinley[280 NNP 34823 2919 3 ] ] -RRB- 34823 2919 4 called call VBN 34823 2919 5 attention attention NN 34823 2919 6 to to IN 34823 2919 7 it -PRON- PRP 34823 2919 8 as as IN 34823 2919 9 a a DT 34823 2919 10 matter matter NN 34823 2919 11 of of IN 34823 2919 12 importance importance NN 34823 2919 13 in in IN 34823 2919 14 connection connection NN 34823 2919 15 with with IN 34823 2919 16 his -PRON- PRP$ 34823 2919 17 investigation investigation NN 34823 2919 18 in in IN 34823 2919 19 1896 1896 CD 34823 2919 20 . . . 34823 2920 1 The the DT 34823 2920 2 coming coming NN 34823 2920 3 of of IN 34823 2920 4 cold cold JJ 34823 2920 5 storage storage NN 34823 2920 6 , , , 34823 2920 7 and and CC 34823 2920 8 the the DT 34823 2920 9 development development NN 34823 2920 10 of of IN 34823 2920 11 the the DT 34823 2920 12 canning can VBG 34823 2920 13 industry industry NN 34823 2920 14 have have VBP 34823 2920 15 , , , 34823 2920 16 I -PRON- PRP 34823 2920 17 am be VBP 34823 2920 18 informed inform VBN 34823 2920 19 by by IN 34823 2920 20 a a DT 34823 2920 21 colleague colleague NN 34823 2920 22 in in IN 34823 2920 23 the the DT 34823 2920 24 Harvard Harvard NNP 34823 2920 25 Business Business NNP 34823 2920 26 School School NNP 34823 2920 27 , , , 34823 2920 28 enormously enormously RB 34823 2920 29 increased increase VBD 34823 2920 30 this this DT 34823 2920 31 speculation speculation NN 34823 2920 32 among among IN 34823 2920 33 both both DT 34823 2920 34 wholesalers wholesaler NNS 34823 2920 35 and and CC 34823 2920 36 retailers retailer NNS 34823 2920 37 , , , 34823 2920 38 and and CC 34823 2920 39 it -PRON- PRP 34823 2920 40 is be VBZ 34823 2920 41 very very RB 34823 2920 42 important important JJ 34823 2920 43 in in IN 34823 2920 44 most most JJS 34823 2920 45 wholesale wholesale JJ 34823 2920 46 lines line NNS 34823 2920 47 . . . 34823 2921 1 There there EX 34823 2921 2 is be VBZ 34823 2921 3 short short JJ 34823 2921 4 - - HYPH 34823 2921 5 selling selling NN 34823 2921 6 in in IN 34823 2921 7 materials material NNS 34823 2921 8 for for IN 34823 2921 9 construction construction NN 34823 2921 10 purposes purpose NNS 34823 2921 11 , , , 34823 2921 12 and and CC 34823 2921 13 in in IN 34823 2921 14 metals metal NNS 34823 2921 15 , , , 34823 2921 16 apart apart RB 34823 2921 17 from from IN 34823 2921 18 organized organized JJ 34823 2921 19 exchanges exchange NNS 34823 2921 20 , , , 34823 2921 21 and and CC 34823 2921 22 , , , 34823 2921 23 where where WRB 34823 2921 24 possible possible JJ 34823 2921 25 , , , 34823 2921 26 contractors contractor NNS 34823 2921 27 in in IN 34823 2921 28 the the DT 34823 2921 29 building building NN 34823 2921 30 trade trade NN 34823 2921 31 often often RB 34823 2921 32 protect protect VBP 34823 2921 33 themselves -PRON- PRP 34823 2921 34 by by IN 34823 2921 35 means mean NNS 34823 2921 36 of of IN 34823 2921 37 future future JJ 34823 2921 38 contracts contract NNS 34823 2921 39 with with IN 34823 2921 40 speculators speculator NNS 34823 2921 41 who who WP 34823 2921 42 are be VBP 34823 2921 43 selling sell VBG 34823 2921 44 short short JJ 34823 2921 45 . . . 34823 2922 1 Land land NN 34823 2922 2 speculation speculation NN 34823 2922 3 , , , 34823 2922 4 in in IN 34823 2922 5 varying varying NN 34823 2922 6 volume volume NN 34823 2922 7 , , , 34823 2922 8 is be VBZ 34823 2922 9 found find VBN 34823 2922 10 in in IN 34823 2922 11 every every DT 34823 2922 12 part part NN 34823 2922 13 of of IN 34823 2922 14 the the DT 34823 2922 15 country country NN 34823 2922 16 . . . 34823 2923 1 There there EX 34823 2923 2 is be VBZ 34823 2923 3 speculation speculation NN 34823 2923 4 in in IN 34823 2923 5 leases lease NNS 34823 2923 6 , , , 34823 2923 7 in in IN 34823 2923 8 options option NNS 34823 2923 9 on on IN 34823 2923 10 real real JJ 34823 2923 11 estate estate NN 34823 2923 12 , , , 34823 2923 13 and and CC 34823 2923 14 in in IN 34823 2923 15 options option NNS 34823 2923 16 on on IN 34823 2923 17 leases lease NNS 34823 2923 18 . . . 34823 2924 1 [ [ -LRB- 34823 2924 2 281 281 CD 34823 2924 3 ] ] -RRB- 34823 2924 4 It -PRON- PRP 34823 2924 5 may may MD 34823 2924 6 be be VB 34823 2924 7 noticed notice VBN 34823 2924 8 , , , 34823 2924 9 too too RB 34823 2924 10 , , , 34823 2924 11 that that IN 34823 2924 12 sales sale NNS 34823 2924 13 of of IN 34823 2924 14 " " `` 34823 2924 15 rights right NNS 34823 2924 16 , , , 34823 2924 17 " " '' 34823 2924 18 of of IN 34823 2924 19 puts put NNS 34823 2924 20 and and CC 34823 2924 21 calls call NNS 34823 2924 22 and and CC 34823 2924 23 straddles straddle NNS 34823 2924 24 , , , 34823 2924 25 and and CC 34823 2924 26 other other JJ 34823 2924 27 contract contract NN 34823 2924 28 rights right NNS 34823 2924 29 , , , 34823 2924 30 are be VBP 34823 2924 31 regular regular JJ 34823 2924 32 factors factor NNS 34823 2924 33 in in IN 34823 2924 34 the the DT 34823 2924 35 organized organized JJ 34823 2924 36 exchanges exchange NNS 34823 2924 37 . . . 34823 2925 1 Wherever wherever WRB 34823 2925 2 profits profit NNS 34823 2925 3 are be VBP 34823 2925 4 to to TO 34823 2925 5 be be VB 34823 2925 6 made make VBN 34823 2925 7 by by IN 34823 2925 8 leveling level VBG 34823 2925 9 values value NNS 34823 2925 10 as as IN 34823 2925 11 between between IN 34823 2925 12 different different JJ 34823 2925 13 places place NNS 34823 2925 14 or or CC 34823 2925 15 different different JJ 34823 2925 16 times time NNS 34823 2925 17 , , , 34823 2925 18 speculation speculation NN 34823 2925 19 arises arise VBZ 34823 2925 20 , , , 34823 2925 21 and and CC 34823 2925 22 , , , 34823 2925 23 with with IN 34823 2925 24 dynamic dynamic JJ 34823 2925 25 change change NN 34823 2925 26 , , , 34823 2925 27 this this DT 34823 2925 28 means mean VBZ 34823 2925 29 everywhere everywhere RB 34823 2925 30 , , , 34823 2925 31 in in IN 34823 2925 32 every every DT 34823 2925 33 business business NN 34823 2925 34 , , , 34823 2925 35 and and CC 34823 2925 36 all all PDT 34823 2925 37 the the DT 34823 2925 38 time time NN 34823 2925 39 ! ! . 34823 2926 1 The the DT 34823 2926 2 shifting shifting NN 34823 2926 3 of of IN 34823 2926 4 labor labor NN 34823 2926 5 and and CC 34823 2926 6 capital capital NN 34823 2926 7 from from IN 34823 2926 8 industry industry NN 34823 2926 9 to to IN 34823 2926 10 industry industry NN 34823 2926 11 , , , 34823 2926 12 leveling level VBG 34823 2926 13 returns return NNS 34823 2926 14 to to IN 34823 2926 15 capital capital NN 34823 2926 16 and and CC 34823 2926 17 labor labor NN 34823 2926 18 , , , 34823 2926 19 involves involve VBZ 34823 2926 20 an an DT 34823 2926 21 enormous enormous JJ 34823 2926 22 amount amount NN 34823 2926 23 of of IN 34823 2926 24 trading trading NN 34823 2926 25 that that WDT 34823 2926 26 would would MD 34823 2926 27 not not RB 34823 2926 28 occur occur VB 34823 2926 29 in in IN 34823 2926 30 a a DT 34823 2926 31 " " `` 34823 2926 32 normal normal JJ 34823 2926 33 equilibrium equilibrium NN 34823 2926 34 . . . 34823 2926 35 " " '' 34823 2927 1 Much much JJ 34823 2927 2 of of IN 34823 2927 3 this this DT 34823 2927 4 the the DT 34823 2927 5 Stock Stock NNP 34823 2927 6 Exchange Exchange NNP 34823 2927 7 does do VBZ 34823 2927 8 . . . 34823 2928 1 That that DT 34823 2928 2 is be VBZ 34823 2928 3 what what WP 34823 2928 4 it -PRON- PRP 34823 2928 5 is be VBZ 34823 2928 6 for for IN 34823 2928 7 . . . 34823 2929 1 But but CC 34823 2929 2 much much JJ 34823 2929 3 of of IN 34823 2929 4 it -PRON- PRP 34823 2929 5 has have VBZ 34823 2929 6 to to TO 34823 2929 7 do do VB 34823 2929 8 with with IN 34823 2929 9 unincorporated unincorporated JJ 34823 2929 10 industry industry NN 34823 2929 11 , , , 34823 2929 12 and and CC 34823 2929 13 a a DT 34823 2929 14 vast vast JJ 34823 2929 15 deal deal NN 34823 2929 16 of of IN 34823 2929 17 speculative speculative JJ 34823 2929 18 exchanging exchange VBG 34823 2929 19 takes take VBZ 34823 2929 20 place place NN 34823 2929 21 to to IN 34823 2929 22 this this DT 34823 2929 23 end end NN 34823 2929 24 apart apart RB 34823 2929 25 from from IN 34823 2929 26 the the DT 34823 2929 27 organized organized JJ 34823 2929 28 exchanges exchange NNS 34823 2929 29 . . . 34823 2930 1 Speculation speculation NN 34823 2930 2 in in IN 34823 2930 3 bills bill NNS 34823 2930 4 and and CC 34823 2930 5 notes note NNS 34823 2930 6 , , , 34823 2930 7 by by IN 34823 2930 8 note note NN 34823 2930 9 - - HYPH 34823 2930 10 brokers broker NNS 34823 2930 11 and and CC 34823 2930 12 particularly particularly RB 34823 2930 13 by by IN 34823 2930 14 dealers dealer NNS 34823 2930 15 in in IN 34823 2930 16 foreign foreign JJ 34823 2930 17 exchange exchange NN 34823 2930 18 , , , 34823 2930 19 occurs occur VBZ 34823 2930 20 on on IN 34823 2930 21 a a DT 34823 2930 22 large large JJ 34823 2930 23 scale scale NN 34823 2930 24 , , , 34823 2930 25 and and CC 34823 2930 26 accounts account VBZ 34823 2930 27 for for IN 34823 2930 28 a a DT 34823 2930 29 great great JJ 34823 2930 30 deal deal NN 34823 2930 31 of of IN 34823 2930 32 the the DT 34823 2930 33 banking banking NN 34823 2930 34 figures figure NNS 34823 2930 35 . . . 34823 2931 1 This this DT 34823 2931 2 has have VBZ 34823 2931 3 nothing nothing NN 34823 2931 4 to to TO 34823 2931 5 do do VB 34823 2931 6 with with IN 34823 2931 7 physically physically RB 34823 2931 8 determined determine VBN 34823 2931 9 trade trade NN 34823 2931 10 . . . 34823 2932 1 From from IN 34823 2932 2 the the DT 34823 2932 3 standpoint standpoint NN 34823 2932 4 of of IN 34823 2932 5 Professor Professor NNP 34823 2932 6 Fisher Fisher NNP 34823 2932 7 's 's POS 34823 2932 8 " " `` 34823 2932 9 equation equation NN 34823 2932 10 of of IN 34823 2932 11 exchange exchange NN 34823 2932 12 , , , 34823 2932 13 " " '' 34823 2932 14 it -PRON- PRP 34823 2932 15 must must MD 34823 2932 16 be be VB 34823 2932 17 barred bar VBN 34823 2932 18 , , , 34823 2932 19 if if IN 34823 2932 20 the the DT 34823 2932 21 contention contention NN 34823 2932 22 that that IN 34823 2932 23 " " `` 34823 2932 24 trade trade NN 34823 2932 25 " " '' 34823 2932 26 is be VBZ 34823 2932 27 determined determine VBN 34823 2932 28 by by IN 34823 2932 29 " " `` 34823 2932 30 physical physical JJ 34823 2932 31 capacities capacity NNS 34823 2932 32 and and CC 34823 2932 33 technique technique NN 34823 2932 34 " " `` 34823 2932 35 is be VBZ 34823 2932 36 to to TO 34823 2932 37 be be VB 34823 2932 38 adhered adhere VBN 34823 2932 39 to to IN 34823 2932 40 . . . 34823 2933 1 Speculation speculation NN 34823 2933 2 in in IN 34823 2933 3 demand demand NN 34823 2933 4 finance finance NN 34823 2933 5 bills bill NNS 34823 2933 6 is be VBZ 34823 2933 7 barred bar VBN 34823 2933 8 in in IN 34823 2933 9 any any DT 34823 2933 10 case case NN 34823 2933 11 , , , 34823 2933 12 since since IN 34823 2933 13 " " `` 34823 2933 14 money money NN 34823 2933 15 against against IN 34823 2933 16 checks check NNS 34823 2933 17 , , , 34823 2933 18 " " '' 34823 2933 19 and and CC 34823 2933 20 " " `` 34823 2933 21 checks check NNS 34823 2933 22 against against IN 34823 2933 23 checks check NNS 34823 2933 24 , , , 34823 2933 25 " " '' 34823 2933 26 are be VBP 34823 2933 27 excluded exclude VBN 34823 2933 28 by by IN 34823 2933 29 his -PRON- PRP$ 34823 2933 30 definition definition NN 34823 2933 31 . . . 34823 2934 1 [ [ -LRB- 34823 2934 2 282 282 CD 34823 2934 3 ] ] -RRB- 34823 2934 4 But but CC 34823 2934 5 as as IN 34823 2934 6 an an DT 34823 2934 7 explanation explanation NN 34823 2934 8 of of IN 34823 2934 9 no no DT 34823 2934 10 small small JJ 34823 2934 11 part part NN 34823 2934 12 of of IN 34823 2934 13 our -PRON- PRP$ 34823 2934 14 unexplained unexplained JJ 34823 2934 15 245 245 CD 34823 2934 16 billions billion NNS 34823 2934 17 of of IN 34823 2934 18 dollars dollar NNS 34823 2934 19 , , , 34823 2934 20 these these DT 34823 2934 21 items item NNS 34823 2934 22 must must MD 34823 2934 23 be be VB 34823 2934 24 brought bring VBN 34823 2934 25 in in RP 34823 2934 26 . . . 34823 2935 1 They -PRON- PRP 34823 2935 2 are be VBP 34823 2935 3 " " `` 34823 2935 4 double double JJ 34823 2935 5 counting counting NN 34823 2935 6 " " '' 34823 2935 7 from from IN 34823 2935 8 the the DT 34823 2935 9 standpoint standpoint NN 34823 2935 10 of of IN 34823 2935 11 Professor Professor NNP 34823 2935 12 Fisher Fisher NNP 34823 2935 13 's 's POS 34823 2935 14 equation equation NN 34823 2935 15 . . . 34823 2936 1 They -PRON- PRP 34823 2936 2 are be VBP 34823 2936 3 , , , 34823 2936 4 however however RB 34823 2936 5 , , , 34823 2936 6 speculation speculation NN 34823 2936 7 . . . 34823 2937 1 An an DT 34823 2937 2 official official NN 34823 2937 3 in in IN 34823 2937 4 a a DT 34823 2937 5 great great JJ 34823 2937 6 New New NNP 34823 2937 7 York York NNP 34823 2937 8 banking banking NN 34823 2937 9 house house NN 34823 2937 10 , , , 34823 2937 11 in in IN 34823 2937 12 charge charge NN 34823 2937 13 of of IN 34823 2937 14 the the DT 34823 2937 15 foreign foreign NNP 34823 2937 16 exchange exchange NNP 34823 2937 17 department department NNP 34823 2937 18 , , , 34823 2937 19 writes write VBZ 34823 2937 20 that that IN 34823 2937 21 in in IN 34823 2937 22 times time NNS 34823 2937 23 when when WRB 34823 2937 24 exchange exchange NN 34823 2937 25 rates rate NNS 34823 2937 26 are be VBP 34823 2937 27 fluctuating fluctuate VBG 34823 2937 28 , , , 34823 2937 29 enormous enormous JJ 34823 2937 30 quantities quantity NNS 34823 2937 31 of of IN 34823 2937 32 drafts draft NNS 34823 2937 33 on on IN 34823 2937 34 Europe Europe NNP 34823 2937 35 will will MD 34823 2937 36 be be VB 34823 2937 37 bought buy VBN 34823 2937 38 and and CC 34823 2937 39 sold sell VBN 34823 2937 40 , , , 34823 2937 41 during during IN 34823 2937 42 a a DT 34823 2937 43 period period NN 34823 2937 44 of of IN 34823 2937 45 a a DT 34823 2937 46 couple couple NN 34823 2937 47 of of IN 34823 2937 48 weeks week NNS 34823 2937 49 or or CC 34823 2937 50 months month NNS 34823 2937 51 , , , 34823 2937 52 whereas whereas IN 34823 2937 53 under under IN 34823 2937 54 other other JJ 34823 2937 55 conditions condition NNS 34823 2937 56 such such JJ 34823 2937 57 transactions transaction NNS 34823 2937 58 might may MD 34823 2937 59 amount amount VB 34823 2937 60 to to IN 34823 2937 61 little little JJ 34823 2937 62 with with IN 34823 2937 63 the the DT 34823 2937 64 same same JJ 34823 2937 65 volume volume NN 34823 2937 66 of of IN 34823 2937 67 imports import NNS 34823 2937 68 and and CC 34823 2937 69 exports export NNS 34823 2937 70 . . . 34823 2938 1 The the DT 34823 2938 2 part part NN 34823 2938 3 of of IN 34823 2938 4 this this DT 34823 2938 5 which which WDT 34823 2938 6 is be VBZ 34823 2938 7 between between IN 34823 2938 8 banks bank NNS 34823 2938 9 , , , 34823 2938 10 a a DT 34823 2938 11 very very RB 34823 2938 12 big big JJ 34823 2938 13 item item NN 34823 2938 14 , , , 34823 2938 15 would would MD 34823 2938 16 not not RB 34823 2938 17 count count VB 34823 2938 18 in in IN 34823 2938 19 the the DT 34823 2938 20 245 245 CD 34823 2938 21 billions billion NNS 34823 2938 22 , , , 34823 2938 23 but but CC 34823 2938 24 to to IN 34823 2938 25 the the DT 34823 2938 26 extent extent NN 34823 2938 27 that that IN 34823 2938 28 foreign foreign JJ 34823 2938 29 exchange exchange NN 34823 2938 30 brokers broker NNS 34823 2938 31 outside outside IN 34823 2938 32 the the DT 34823 2938 33 banks bank NNS 34823 2938 34 participate participate VBP 34823 2938 35 , , , 34823 2938 36 their -PRON- PRP$ 34823 2938 37 activity activity NN 34823 2938 38 helps help VBZ 34823 2938 39 to to TO 34823 2938 40 explain explain VB 34823 2938 41 our -PRON- PRP$ 34823 2938 42 245 245 CD 34823 2938 43 billions billion NNS 34823 2938 44 . . . 34823 2939 1 If if IN 34823 2939 2 it -PRON- PRP 34823 2939 3 be be VBP 34823 2939 4 true true JJ 34823 2939 5 that that IN 34823 2939 6 speculation speculation NN 34823 2939 7 , , , 34823 2939 8 including include VBG 34823 2939 9 all all DT 34823 2939 10 manner manner NN 34823 2939 11 of of IN 34823 2939 12 readjustment readjustment NN 34823 2939 13 to to IN 34823 2939 14 dynamic dynamic JJ 34823 2939 15 changes change NNS 34823 2939 16 , , , 34823 2939 17 makes make VBZ 34823 2939 18 up up RP 34823 2939 19 the the DT 34823 2939 20 overwhelming overwhelming JJ 34823 2939 21 bulk bulk NN 34823 2939 22 of of IN 34823 2939 23 trade trade NN 34823 2939 24 in in IN 34823 2939 25 the the DT 34823 2939 26 country country NN 34823 2939 27 , , , 34823 2939 28 then then RB 34823 2939 29 Fisher Fisher NNP 34823 2939 30 's 's POS 34823 2939 31 _ _ NNP 34823 2939 32 indicia indicia NNP 34823 2939 33 _ _ NNP 34823 2939 34 of of IN 34823 2939 35 variation variation NN 34823 2939 36 in in IN 34823 2939 37 trade trade NN 34823 2939 38 , , , 34823 2939 39 weighted weight VBD 34823 2939 40 as as IN 34823 2939 41 they -PRON- PRP 34823 2939 42 are be VBP 34823 2939 43 , , , 34823 2939 44 are be VBP 34823 2939 45 totally totally RB 34823 2939 46 misleading misleading JJ 34823 2939 47 . . . 34823 2940 1 The the DT 34823 2940 2 same same JJ 34823 2940 3 is be VBZ 34823 2940 4 true true JJ 34823 2940 5 of of IN 34823 2940 6 Kemmerer Kemmerer NNP 34823 2940 7 's 's POS 34823 2940 8 _ _ NNP 34823 2940 9 indicia indicia NNP 34823 2940 10 _ _ NNP 34823 2940 11 of of IN 34823 2940 12 " " `` 34823 2940 13 growth growth NN 34823 2940 14 of of IN 34823 2940 15 business business NN 34823 2940 16 . . . 34823 2941 1 " " `` 34823 2941 2 [ [ -LRB- 34823 2941 3 283 283 CD 34823 2941 4 ] ] -RRB- 34823 2941 5 These these DT 34823 2941 6 are be VBP 34823 2941 7 : : : 34823 2941 8 population population NN 34823 2941 9 , , , 34823 2941 10 tonnage tonnage NN 34823 2941 11 entered enter VBN 34823 2941 12 and and CC 34823 2941 13 cleared clear VBN 34823 2941 14 , , , 34823 2941 15 exports export NNS 34823 2941 16 and and CC 34823 2941 17 imports import NNS 34823 2941 18 of of IN 34823 2941 19 merchandise merchandise NN 34823 2941 20 , , , 34823 2941 21 postal postal JJ 34823 2941 22 revenues revenue NNS 34823 2941 23 , , , 34823 2941 24 gross gross JJ 34823 2941 25 earnings earning NNS 34823 2941 26 of of IN 34823 2941 27 railways railway NNS 34823 2941 28 , , , 34823 2941 29 freights freight NNS 34823 2941 30 carried carry VBN 34823 2941 31 by by IN 34823 2941 32 railways railway NNS 34823 2941 33 , , , 34823 2941 34 receipts receipt NNS 34823 2941 35 of of IN 34823 2941 36 the the DT 34823 2941 37 Western Western NNP 34823 2941 38 Union Union NNP 34823 2941 39 Co. Co. NNP 34823 2941 40 , , , 34823 2941 41 consumption consumption NN 34823 2941 42 of of IN 34823 2941 43 pig pig NN 34823 2941 44 iron iron NN 34823 2941 45 , , , 34823 2941 46 bituminous bituminous JJ 34823 2941 47 coal coal NN 34823 2941 48 retained retain VBD 34823 2941 49 for for IN 34823 2941 50 consumption consumption NN 34823 2941 51 , , , 34823 2941 52 consumption consumption NN 34823 2941 53 of of IN 34823 2941 54 wheat wheat NN 34823 2941 55 , , , 34823 2941 56 consumption consumption NN 34823 2941 57 of of IN 34823 2941 58 corn corn NN 34823 2941 59 , , , 34823 2941 60 consumption consumption NN 34823 2941 61 of of IN 34823 2941 62 cotton cotton NN 34823 2941 63 , , , 34823 2941 64 consumption consumption NN 34823 2941 65 of of IN 34823 2941 66 wool wool NN 34823 2941 67 , , , 34823 2941 68 consumption consumption NN 34823 2941 69 of of IN 34823 2941 70 wines wine NNS 34823 2941 71 and and CC 34823 2941 72 liquors liquor NNS 34823 2941 73 , , , 34823 2941 74 market market NN 34823 2941 75 values value NNS 34823 2941 76 of of IN 34823 2941 77 reported report VBN 34823 2941 78 sales sale NNS 34823 2941 79 on on IN 34823 2941 80 the the DT 34823 2941 81 New New NNP 34823 2941 82 York York NNP 34823 2941 83 Stock Stock NNP 34823 2941 84 Exchange Exchange NNP 34823 2941 85 . . . 34823 2942 1 Only only RB 34823 2942 2 the the DT 34823 2942 3 last last JJ 34823 2942 4 of of IN 34823 2942 5 these these DT 34823 2942 6 is be VBZ 34823 2942 7 in in IN 34823 2942 8 any any DT 34823 2942 9 sense sense NN 34823 2942 10 an an DT 34823 2942 11 index index NN 34823 2942 12 of of IN 34823 2942 13 speculation speculation NN 34823 2942 14 . . . 34823 2943 1 It -PRON- PRP 34823 2943 2 is be VBZ 34823 2943 3 swallowed swallow VBN 34823 2943 4 up up RP 34823 2943 5 by by IN 34823 2943 6 being be VBG 34823 2943 7 put put VBN 34823 2943 8 on on IN 34823 2943 9 a a DT 34823 2943 10 par par NN 34823 2943 11 with with IN 34823 2943 12 the the DT 34823 2943 13 other other JJ 34823 2943 14 fourteen fourteen CD 34823 2943 15 items item NNS 34823 2943 16 . . . 34823 2944 1 Its -PRON- PRP$ 34823 2944 2 influence influence NN 34823 2944 3 on on IN 34823 2944 4 the the DT 34823 2944 5 final final JJ 34823 2944 6 index index NN 34823 2944 7 , , , 34823 2944 8 made make VBN 34823 2944 9 by by IN 34823 2944 10 averaging average VBG 34823 2944 11 the the DT 34823 2944 12 others other NNS 34823 2944 13 is be VBZ 34823 2944 14 , , , 34823 2944 15 as as IN 34823 2944 16 inspection inspection NN 34823 2944 17 shows show NNS 34823 2944 18 , , , 34823 2944 19 virtually virtually RB 34823 2944 20 _ _ NNP 34823 2944 21 nil nil NNP 34823 2944 22 _ _ NNP 34823 2944 23 . . . 34823 2945 1 Out out IN 34823 2945 2 of of IN 34823 2945 3 the the DT 34823 2945 4 twenty twenty CD 34823 2945 5 - - HYPH 34823 2945 6 six six CD 34823 2945 7 years year NNS 34823 2945 8 his -PRON- PRP$ 34823 2945 9 figures figure NNS 34823 2945 10 cover cover VBP 34823 2945 11 , , , 34823 2945 12 the the DT 34823 2945 13 general general JJ 34823 2945 14 index index NN 34823 2945 15 moves move VBZ 34823 2945 16 counter counter RB 34823 2945 17 to to IN 34823 2945 18 the the DT 34823 2945 19 share share NN 34823 2945 20 sales sale NNS 34823 2945 21 14 14 CD 34823 2945 22 times time NNS 34823 2945 23 ! ! . 34823 2946 1 Utterly utterly RB 34823 2946 2 random random JJ 34823 2946 3 figures figure NNS 34823 2946 4 would would MD 34823 2946 5 have have VB 34823 2946 6 come come VBN 34823 2946 7 nearer nearer RB 34823 2946 8 to to IN 34823 2946 9 the the DT 34823 2946 10 facts fact NNS 34823 2946 11 in in IN 34823 2946 12 the the DT 34823 2946 13 case case NN 34823 2946 14 . . . 34823 2947 1 It -PRON- PRP 34823 2947 2 is be VBZ 34823 2947 3 particularly particularly RB 34823 2947 4 striking strike VBG 34823 2947 5 that that IN 34823 2947 6 Professor Professor NNP 34823 2947 7 Kemmerer Kemmerer NNP 34823 2947 8 , , , 34823 2947 9 whose whose WP$ 34823 2947 10 total total JJ 34823 2947 11 figures figure NNS 34823 2947 12 , , , 34823 2947 13 as as IN 34823 2947 14 Professor Professor NNP 34823 2947 15 Fisher Fisher NNP 34823 2947 16 's 's POS 34823 2947 17 , , , 34823 2947 18 rest rest VB 34823 2947 19 for for IN 34823 2947 20 their -PRON- PRP$ 34823 2947 21 absolute absolute JJ 34823 2947 22 magnitude magnitude NN 34823 2947 23 on on IN 34823 2947 24 Kinley Kinley NNP 34823 2947 25 's 's POS 34823 2947 26 investigation,[284 investigation,[284 NN 34823 2947 27 ] ] -RRB- 34823 2947 28 should should MD 34823 2947 29 assign assign VB 34823 2947 30 89 89 CD 34823 2947 31 % % NN 34823 2947 32 of of IN 34823 2947 33 his -PRON- PRP$ 34823 2947 34 estimated estimate VBN 34823 2947 35 trade trade NN 34823 2947 36 ( ( -LRB- 34823 2947 37 183 183 CD 34823 2947 38 billions billion NNS 34823 2947 39 in in IN 34823 2947 40 1890 1890 CD 34823 2947 41 ) ) -RRB- 34823 2947 42 to to IN 34823 2947 43 wholesale wholesale JJ 34823 2947 44 commodities,[285 commodities,[285 NNP 34823 2947 45 ] ] -RRB- 34823 2947 46 ( ( -LRB- 34823 2947 47 with with IN 34823 2947 48 3 3 CD 34823 2947 49 % % NN 34823 2947 50 to to IN 34823 2947 51 wages wage NNS 34823 2947 52 , , , 34823 2947 53 and and CC 34823 2947 54 8 8 CD 34823 2947 55 % % NN 34823 2947 56 to to IN 34823 2947 57 securities security NNS 34823 2947 58 ) ) -RRB- 34823 2947 59 , , , 34823 2947 60 when when WRB 34823 2947 61 Kinley Kinley NNP 34823 2947 62 's 's POS 34823 2947 63 figures figure NNS 34823 2947 64 show show VBP 34823 2947 65 that that IN 34823 2947 66 wholesale wholesale JJ 34823 2947 67 deposits deposit NNS 34823 2947 68 are be VBP 34823 2947 69 a a DT 34823 2947 70 minor minor JJ 34823 2947 71 fraction fraction NN 34823 2947 72 of of IN 34823 2947 73 the the DT 34823 2947 74 total total NN 34823 2947 75 ! ! . 34823 2948 1 The the DT 34823 2948 2 constancy constancy NN 34823 2948 3 in in IN 34823 2948 4 the the DT 34823 2948 5 figures figure NNS 34823 2948 6 of of IN 34823 2948 7 these these DT 34823 2948 8 two two CD 34823 2948 9 writers writer NNS 34823 2948 10 for for IN 34823 2948 11 trade trade NN 34823 2948 12 from from IN 34823 2948 13 year year NN 34823 2948 14 to to IN 34823 2948 15 year year NN 34823 2948 16 , , , 34823 2948 17 a a DT 34823 2948 18 general general JJ 34823 2948 19 steady steady JJ 34823 2948 20 , , , 34823 2948 21 upward upward JJ 34823 2948 22 growth growth NN 34823 2948 23 , , , 34823 2948 24 does do VBZ 34823 2948 25 indeed indeed RB 34823 2948 26 suggest suggest VB 34823 2948 27 that that IN 34823 2948 28 trade trade NN 34823 2948 29 is be VBZ 34823 2948 30 determined determine VBN 34823 2948 31 " " '' 34823 2948 32 by by IN 34823 2948 33 physical physical JJ 34823 2948 34 capacities capacity NNS 34823 2948 35 and and CC 34823 2948 36 technique technique NN 34823 2948 37 , , , 34823 2948 38 " " '' 34823 2948 39 and and CC 34823 2948 40 that that IN 34823 2948 41 it -PRON- PRP 34823 2948 42 does do VBZ 34823 2948 43 stand stand VB 34823 2948 44 as as IN 34823 2948 45 a a DT 34823 2948 46 great great JJ 34823 2948 47 , , , 34823 2948 48 independent independent JJ 34823 2948 49 , , , 34823 2948 50 inflexible inflexible JJ 34823 2948 51 factor factor NN 34823 2948 52 , , , 34823 2948 53 independent independent JJ 34823 2948 54 of of IN 34823 2948 55 money money NN 34823 2948 56 and and CC 34823 2948 57 deposits deposit NNS 34823 2948 58 , , , 34823 2948 59 constituting constitute VBG 34823 2948 60 a a DT 34823 2948 61 real real JJ 34823 2948 62 causal causal JJ 34823 2948 63 coefficient coefficient NN 34823 2948 64 with with IN 34823 2948 65 them -PRON- PRP 34823 2948 66 in in IN 34823 2948 67 determining determine VBG 34823 2948 68 prices price NNS 34823 2948 69 . . . 34823 2949 1 If if IN 34823 2949 2 , , , 34823 2949 3 however however RB 34823 2949 4 , , , 34823 2949 5 speculation speculation NN 34823 2949 6 is be VBZ 34823 2949 7 as as RB 34823 2949 8 big big JJ 34823 2949 9 a a DT 34823 2949 10 factor factor NN 34823 2949 11 as as IN 34823 2949 12 our -PRON- PRP$ 34823 2949 13 analysis analysis NN 34823 2949 14 would would MD 34823 2949 15 indicate indicate VB 34823 2949 16 , , , 34823 2949 17 then then RB 34823 2949 18 trade trade NN 34823 2949 19 is be VBZ 34823 2949 20 a a DT 34823 2949 21 highly highly RB 34823 2949 22 flexible flexible JJ 34823 2949 23 thing thing NN 34823 2949 24 , , , 34823 2949 25 varying vary VBG 34823 2949 26 enormously enormously RB 34823 2949 27 from from IN 34823 2949 28 year year NN 34823 2949 29 to to IN 34823 2949 30 year year NN 34823 2949 31 , , , 34823 2949 32 moved move VBN 34823 2949 33 by by IN 34823 2949 34 a a DT 34823 2949 35 multiplicity multiplicity NN 34823 2949 36 of of IN 34823 2949 37 causes cause NNS 34823 2949 38 , , , 34823 2949 39 among among IN 34823 2949 40 them -PRON- PRP 34823 2949 41 _ _ NNP 34823 2949 42 fluctuations fluctuation NNS 34823 2949 43 _ _ NNP 34823 2949 44 in in IN 34823 2949 45 particular particular JJ 34823 2949 46 prices price NNS 34823 2949 47 , , , 34823 2949 48 and and CC 34823 2949 49 the the DT 34823 2949 50 ease ease NN 34823 2949 51 and and CC 34823 2949 52 tightness tightness NN 34823 2949 53 in in IN 34823 2949 54 the the DT 34823 2949 55 money money NN 34823 2949 56 market market NN 34823 2949 57 -- -- : 34823 2949 58 the the DT 34823 2949 59 quantity quantity NN 34823 2949 60 of of IN 34823 2949 61 money money NN 34823 2949 62 and and CC 34823 2949 63 deposits deposit NNS 34823 2949 64 . . . 34823 2950 1 But but CC 34823 2950 2 quite quite RB 34823 2950 3 apart apart RB 34823 2950 4 from from IN 34823 2950 5 speculation speculation NN 34823 2950 6 , , , 34823 2950 7 it -PRON- PRP 34823 2950 8 is be VBZ 34823 2950 9 not not RB 34823 2950 10 true true JJ 34823 2950 11 that that IN 34823 2950 12 trade trade NN 34823 2950 13 is be VBZ 34823 2950 14 a a DT 34823 2950 15 mere mere JJ 34823 2950 16 matter matter NN 34823 2950 17 of of IN 34823 2950 18 physical physical JJ 34823 2950 19 capacities capacity NNS 34823 2950 20 and and CC 34823 2950 21 technique technique NN 34823 2950 22 , , , 34823 2950 23 a a DT 34823 2950 24 passive passive JJ 34823 2950 25 function function NN 34823 2950 26 of of IN 34823 2950 27 production production NN 34823 2950 28 . . . 34823 2951 1 Rather rather RB 34823 2951 2 , , , 34823 2951 3 one one PRP 34823 2951 4 would would MD 34823 2951 5 almost almost RB 34823 2951 6 have have VB 34823 2951 7 to to TO 34823 2951 8 reverse reverse VB 34823 2951 9 the the DT 34823 2951 10 relation relation NN 34823 2951 11 . . . 34823 2952 1 Production production NN 34823 2952 2 waits wait VBZ 34823 2952 3 on on IN 34823 2952 4 trade trade NN 34823 2952 5 ! ! . 34823 2953 1 Production production NN 34823 2953 2 , , , 34823 2953 3 as as IN 34823 2953 4 now now RB 34823 2953 5 carried carry VBN 34823 2953 6 on on RB 34823 2953 7 , , , 34823 2953 8 is be VBZ 34823 2953 9 primarily primarily RB 34823 2953 10 conducted conduct VBN 34823 2953 11 in in IN 34823 2953 12 the the DT 34823 2953 13 expectation expectation NN 34823 2953 14 of of IN 34823 2953 15 _ _ NNP 34823 2953 16 sale sale NN 34823 2953 17 _ _ NNP 34823 2953 18 , , , 34823 2953 19 and and CC 34823 2953 20 of of IN 34823 2953 21 profitable profitable JJ 34823 2953 22 sale sale NN 34823 2953 23 . . . 34823 2954 1 Trade trade NN 34823 2954 2 does do VBZ 34823 2954 3 not not RB 34823 2954 4 go go VB 34823 2954 5 of of IN 34823 2954 6 itself -PRON- PRP 34823 2954 7 , , , 34823 2954 8 automatically automatically RB 34823 2954 9 . . . 34823 2955 1 Rather rather RB 34823 2955 2 , , , 34823 2955 3 it -PRON- PRP 34823 2955 4 is be VBZ 34823 2955 5 a a DT 34823 2955 6 highly highly RB 34823 2955 7 difficult difficult JJ 34823 2955 8 matter matter NN 34823 2955 9 , , , 34823 2955 10 calling call VBG 34823 2955 11 for for IN 34823 2955 12 the the DT 34823 2955 13 highest high JJS 34823 2955 14 order order NN 34823 2955 15 of of IN 34823 2955 16 ability ability NN 34823 2955 17 , , , 34823 2955 18 and and CC 34823 2955 19 the the DT 34823 2955 20 labor labor NN 34823 2955 21 of of IN 34823 2955 22 innumerable innumerable JJ 34823 2955 23 men man NNS 34823 2955 24 . . . 34823 2956 1 In in IN 34823 2956 2 general general JJ 34823 2956 3 , , , 34823 2956 4 I -PRON- PRP 34823 2956 5 think think VBP 34823 2956 6 it -PRON- PRP 34823 2956 7 safe safe JJ 34823 2956 8 to to TO 34823 2956 9 say say VB 34823 2956 10 that that IN 34823 2956 11 in in IN 34823 2956 12 ordinary ordinary JJ 34823 2956 13 times time NNS 34823 2956 14 , , , 34823 2956 15 the the DT 34823 2956 16 manufacturer manufacturer NN 34823 2956 17 loses lose VBZ 34823 2956 18 vastly vastly RB 34823 2956 19 more more JJR 34823 2956 20 sleep sleep NN 34823 2956 21 over over IN 34823 2956 22 the the DT 34823 2956 23 question question NN 34823 2956 24 of of IN 34823 2956 25 how how WRB 34823 2956 26 he -PRON- PRP 34823 2956 27 shall shall MD 34823 2956 28 market market VB 34823 2956 29 his -PRON- PRP$ 34823 2956 30 output output NN 34823 2956 31 , , , 34823 2956 32 than than IN 34823 2956 33 he -PRON- PRP 34823 2956 34 does do VBZ 34823 2956 35 over over IN 34823 2956 36 the the DT 34823 2956 37 question question NN 34823 2956 38 of of IN 34823 2956 39 how how WRB 34823 2956 40 he -PRON- PRP 34823 2956 41 shall shall MD 34823 2956 42 produce produce VB 34823 2956 43 it -PRON- PRP 34823 2956 44 . . . 34823 2957 1 A a DT 34823 2957 2 clerk clerk NN 34823 2957 3 in in IN 34823 2957 4 the the DT 34823 2957 5 Westinghouse Westinghouse NNP 34823 2957 6 Air Air NNP 34823 2957 7 Brake Brake NNP 34823 2957 8 Company Company NNP 34823 2957 9 , , , 34823 2957 10 engaged engage VBD 34823 2957 11 in in IN 34823 2957 12 the the DT 34823 2957 13 accounting accounting NNP 34823 2957 14 department department NN 34823 2957 15 , , , 34823 2957 16 spoke speak VBD 34823 2957 17 recently recently RB 34823 2957 18 to to IN 34823 2957 19 the the DT 34823 2957 20 writer writer NN 34823 2957 21 of of IN 34823 2957 22 the the DT 34823 2957 23 " " `` 34823 2957 24 productive productive JJ 34823 2957 25 end end NN 34823 2957 26 " " '' 34823 2957 27 of of IN 34823 2957 28 the the DT 34823 2957 29 business business NN 34823 2957 30 . . . 34823 2958 1 On on IN 34823 2958 2 inquiry inquiry NN 34823 2958 3 , , , 34823 2958 4 it -PRON- PRP 34823 2958 5 developed develop VBD 34823 2958 6 that that IN 34823 2958 7 he -PRON- PRP 34823 2958 8 meant mean VBD 34823 2958 9 the the DT 34823 2958 10 selling selling NN 34823 2958 11 department department NN 34823 2958 12 ! ! . 34823 2959 1 He -PRON- PRP 34823 2959 2 stated state VBD 34823 2959 3 that that IN 34823 2959 4 the the DT 34823 2959 5 manufacturing manufacturing NN 34823 2959 6 department department NN 34823 2959 7 also also RB 34823 2959 8 , , , 34823 2959 9 in in IN 34823 2959 10 the the DT 34823 2959 11 language language NN 34823 2959 12 of of IN 34823 2959 13 the the DT 34823 2959 14 employees employee NNS 34823 2959 15 , , , 34823 2959 16 in in IN 34823 2959 17 that that DT 34823 2959 18 corporation corporation NN 34823 2959 19 , , , 34823 2959 20 would would MD 34823 2959 21 also also RB 34823 2959 22 be be VB 34823 2959 23 termed term VBN 34823 2959 24 " " `` 34823 2959 25 productive productive JJ 34823 2959 26 , , , 34823 2959 27 " " '' 34823 2959 28 but but CC 34823 2959 29 that that IN 34823 2959 30 the the DT 34823 2959 31 selling selling NN 34823 2959 32 department department NN 34823 2959 33 was be VBD 34823 2959 34 _ _ NNP 34823 2959 35 the the DT 34823 2959 36 _ _ NNP 34823 2959 37 productive productive JJ 34823 2959 38 department department NN 34823 2959 39 . . . 34823 2960 1 If if IN 34823 2960 2 one one PRP 34823 2960 3 reflects reflect VBZ 34823 2960 4 a a DT 34823 2960 5 little little JJ 34823 2960 6 as as IN 34823 2960 7 to to IN 34823 2960 8 the the DT 34823 2960 9 proportion proportion NN 34823 2960 10 of of IN 34823 2960 11 " " `` 34823 2960 12 costs cost NNS 34823 2960 13 " " '' 34823 2960 14 that that WDT 34823 2960 15 go go VBP 34823 2960 16 into into IN 34823 2960 17 selling selling NN 34823 2960 18 , , , 34823 2960 19 as as IN 34823 2960 20 compared compare VBN 34823 2960 21 with with IN 34823 2960 22 technical technical JJ 34823 2960 23 " " `` 34823 2960 24 production production NN 34823 2960 25 , , , 34823 2960 26 " " '' 34823 2960 27 I -PRON- PRP 34823 2960 28 think think VBP 34823 2960 29 my -PRON- PRP$ 34823 2960 30 point point NN 34823 2960 31 will will MD 34823 2960 32 be be VB 34823 2960 33 clearer clear JJR 34823 2960 34 . . . 34823 2961 1 Advertising advertising NN 34823 2961 2 has have VBZ 34823 2961 3 developed develop VBN 34823 2961 4 so so RB 34823 2961 5 enormously enormously RB 34823 2961 6 that that IN 34823 2961 7 it -PRON- PRP 34823 2961 8 needs need VBZ 34823 2961 9 little little JJ 34823 2961 10 discussion discussion NN 34823 2961 11 . . . 34823 2962 1 It -PRON- PRP 34823 2962 2 has have VBZ 34823 2962 3 been be VBN 34823 2962 4 stated state VBN 34823 2962 5 that that IN 34823 2962 6 the the DT 34823 2962 7 " " `` 34823 2962 8 Sapolio Sapolio NNP 34823 2962 9 " " '' 34823 2962 10 people people NNS 34823 2962 11 once once RB 34823 2962 12 tried try VBD 34823 2962 13 , , , 34823 2962 14 after after IN 34823 2962 15 their -PRON- PRP$ 34823 2962 16 reputation reputation NN 34823 2962 17 seemed seem VBD 34823 2962 18 thoroughly thoroughly RB 34823 2962 19 established establish VBN 34823 2962 20 , , , 34823 2962 21 to to TO 34823 2962 22 stop stop VB 34823 2962 23 advertising advertising NN 34823 2962 24 , , , 34823 2962 25 with with IN 34823 2962 26 such such JJ 34823 2962 27 disastrous disastrous JJ 34823 2962 28 results result NNS 34823 2962 29 that that WDT 34823 2962 30 very very RB 34823 2962 31 extraordinary extraordinary JJ 34823 2962 32 efforts effort NNS 34823 2962 33 were be VBD 34823 2962 34 required require VBN 34823 2962 35 to to TO 34823 2962 36 reëstablish reëstablish VB 34823 2962 37 the the DT 34823 2962 38 brand brand NN 34823 2962 39 . . . 34823 2963 1 Number number NN 34823 2963 2 2 2 CD 34823 2963 3 wheat wheat NN 34823 2963 4 is be VBZ 34823 2963 5 not not RB 34823 2963 6 advertised advertise VBN 34823 2963 7 , , , 34823 2963 8 in in IN 34823 2963 9 the the DT 34823 2963 10 great great JJ 34823 2963 11 magazines magazine NNS 34823 2963 12 , , , 34823 2963 13 but but CC 34823 2963 14 innumerable innumerable JJ 34823 2963 15 brands brand NNS 34823 2963 16 of of IN 34823 2963 17 flour flour NN 34823 2963 18 get get VBP 34823 2963 19 newspaper newspaper NN 34823 2963 20 and and CC 34823 2963 21 magazine magazine NN 34823 2963 22 advertising,--some advertising,--some DT 34823 2963 23 of of IN 34823 2963 24 them -PRON- PRP 34823 2963 25 in in IN 34823 2963 26 such such PDT 34823 2963 27 a a DT 34823 2963 28 periodical periodical NN 34823 2963 29 as as IN 34823 2963 30 the the DT 34823 2963 31 _ _ NNP 34823 2963 32 Saturday Saturday NNP 34823 2963 33 Evening Evening NNP 34823 2963 34 Post Post NNP 34823 2963 35 _ _ NNP 34823 2963 36 , , , 34823 2963 37 and and CC 34823 2963 38 even even RB 34823 2963 39 those those DT 34823 2963 40 which which WDT 34823 2963 41 are be VBP 34823 2963 42 locally locally RB 34823 2963 43 consumed consume VBN 34823 2963 44 are be VBP 34823 2963 45 commonly commonly RB 34823 2963 46 advertised advertise VBN 34823 2963 47 in in IN 34823 2963 48 the the DT 34823 2963 49 local local JJ 34823 2963 50 press press NN 34823 2963 51 . . . 34823 2964 1 Nor nor CC 34823 2964 2 is be VBZ 34823 2964 3 it -PRON- PRP 34823 2964 4 only only RB 34823 2964 5 finished finished JJ 34823 2964 6 products product NNS 34823 2964 7 , , , 34823 2964 8 of of IN 34823 2964 9 the the DT 34823 2964 10 sort sort NN 34823 2964 11 that that WDT 34823 2964 12 must must MD 34823 2964 13 be be VB 34823 2964 14 sold sell VBN 34823 2964 15 to to IN 34823 2964 16 the the DT 34823 2964 17 fickle fickle JJ 34823 2964 18 public public NN 34823 2964 19 , , , 34823 2964 20 that that WDT 34823 2964 21 involve involve VBP 34823 2964 22 these these DT 34823 2964 23 heavy heavy JJ 34823 2964 24 selling selling NN 34823 2964 25 costs cost NNS 34823 2964 26 . . . 34823 2965 1 The the DT 34823 2965 2 writer writer NN 34823 2965 3 has have VBZ 34823 2965 4 in in IN 34823 2965 5 mind mind NN 34823 2965 6 a a DT 34823 2965 7 corporation corporation NN 34823 2965 8 producing produce VBG 34823 2965 9 a a DT 34823 2965 10 high high JJ 34823 2965 11 - - HYPH 34823 2965 12 grade grade NN 34823 2965 13 type type NN 34823 2965 14 of of IN 34823 2965 15 glazed glaze VBN 34823 2965 16 retort retort NN 34823 2965 17 , , , 34823 2965 18 in in IN 34823 2965 19 the the DT 34823 2965 20 production production NN 34823 2965 21 of of IN 34823 2965 22 which which WDT 34823 2965 23 it -PRON- PRP 34823 2965 24 has have VBZ 34823 2965 25 virtually virtually RB 34823 2965 26 a a DT 34823 2965 27 monopoly monopoly NN 34823 2965 28 , , , 34823 2965 29 since since IN 34823 2965 30 the the DT 34823 2965 31 clay clay NN 34823 2965 32 with with IN 34823 2965 33 which which WDT 34823 2965 34 it -PRON- PRP 34823 2965 35 is be VBZ 34823 2965 36 made make VBN 34823 2965 37 does do VBZ 34823 2965 38 not not RB 34823 2965 39 coexist coexist VB 34823 2965 40 with with IN 34823 2965 41 the the DT 34823 2965 42 skill skill NN 34823 2965 43 to to TO 34823 2965 44 make make VB 34823 2965 45 it -PRON- PRP 34823 2965 46 in in IN 34823 2965 47 any any DT 34823 2965 48 other other JJ 34823 2965 49 place place NN 34823 2965 50 . . . 34823 2966 1 The the DT 34823 2966 2 particular particular JJ 34823 2966 3 product product NN 34823 2966 4 is be VBZ 34823 2966 5 an an DT 34823 2966 6 indispensable indispensable JJ 34823 2966 7 part part NN 34823 2966 8 of of IN 34823 2966 9 many many JJ 34823 2966 10 important important JJ 34823 2966 11 technical technical JJ 34823 2966 12 processes process NNS 34823 2966 13 . . . 34823 2967 1 Substitutes substitute NNS 34823 2967 2 made make VBN 34823 2967 3 of of IN 34823 2967 4 other other JJ 34823 2967 5 clays clay NNS 34823 2967 6 , , , 34823 2967 7 and and CC 34823 2967 8 by by IN 34823 2967 9 other other JJ 34823 2967 10 companies company NNS 34823 2967 11 , , , 34823 2967 12 are be VBP 34823 2967 13 known know VBN 34823 2967 14 by by IN 34823 2967 15 the the DT 34823 2967 16 trade trade NN 34823 2967 17 to to TO 34823 2967 18 be be VB 34823 2967 19 unsatisfactory unsatisfactory JJ 34823 2967 20 . . . 34823 2968 1 The the DT 34823 2968 2 buyers buyer NNS 34823 2968 3 are be VBP 34823 2968 4 all all DT 34823 2968 5 highly highly RB 34823 2968 6 trained train VBN 34823 2968 7 business business NN 34823 2968 8 men man NNS 34823 2968 9 . . . 34823 2969 1 Here here RB 34823 2969 2 , , , 34823 2969 3 if if IN 34823 2969 4 anywhere anywhere RB 34823 2969 5 , , , 34823 2969 6 selling sell VBG 34823 2969 7 costs cost NNS 34823 2969 8 should should MD 34823 2969 9 be be VB 34823 2969 10 slight slight JJ 34823 2969 11 . . . 34823 2970 1 But but CC 34823 2970 2 the the DT 34823 2970 3 chief chief JJ 34823 2970 4 selling sell VBG 34823 2970 5 agent agent NN 34823 2970 6 of of IN 34823 2970 7 the the DT 34823 2970 8 corporation corporation NN 34823 2970 9 has have VBZ 34823 2970 10 found find VBN 34823 2970 11 it -PRON- PRP 34823 2970 12 necessary necessary JJ 34823 2970 13 , , , 34823 2970 14 in in IN 34823 2970 15 order order NN 34823 2970 16 to to TO 34823 2970 17 keep keep VB 34823 2970 18 the the DT 34823 2970 19 business business NN 34823 2970 20 going go VBG 34823 2970 21 , , , 34823 2970 22 to to TO 34823 2970 23 incur incur VB 34823 2970 24 huge huge JJ 34823 2970 25 expenses expense NNS 34823 2970 26 for for IN 34823 2970 27 entertaining entertain VBG 34823 2970 28 his -PRON- PRP$ 34823 2970 29 customers customer NNS 34823 2970 30 , , , 34823 2970 31 finds find VBZ 34823 2970 32 it -PRON- PRP 34823 2970 33 necessary necessary JJ 34823 2970 34 to to TO 34823 2970 35 incur incur VB 34823 2970 36 great great JJ 34823 2970 37 travelling travelling NN 34823 2970 38 expenses expense NNS 34823 2970 39 , , , 34823 2970 40 to to TO 34823 2970 41 use use VB 34823 2970 42 only only RB 34823 2970 43 the the DT 34823 2970 44 most most RBS 34823 2970 45 expensive expensive JJ 34823 2970 46 hotels hotel NNS 34823 2970 47 , , , 34823 2970 48 and and CC 34823 2970 49 , , , 34823 2970 50 incidentally incidentally RB 34823 2970 51 , , , 34823 2970 52 to to TO 34823 2970 53 drink drink VB 34823 2970 54 a a DT 34823 2970 55 great great JJ 34823 2970 56 deal deal NN 34823 2970 57 more more JJR 34823 2970 58 than than IN 34823 2970 59 his -PRON- PRP$ 34823 2970 60 personal personal JJ 34823 2970 61 inclinations inclination NNS 34823 2970 62 would would MD 34823 2970 63 call call VB 34823 2970 64 for for IN 34823 2970 65 , , , 34823 2970 66 in in IN 34823 2970 67 keeping keep VBG 34823 2970 68 the the DT 34823 2970 69 business business NN 34823 2970 70 for for IN 34823 2970 71 his -PRON- PRP$ 34823 2970 72 house house NN 34823 2970 73 . . . 34823 2971 1 I -PRON- PRP 34823 2971 2 waive waive VBP 34823 2971 3 discussion discussion NN 34823 2971 4 of of IN 34823 2971 5 the the DT 34823 2971 6 extraordinary extraordinary JJ 34823 2971 7 fees fee NNS 34823 2971 8 which which WDT 34823 2971 9 a a DT 34823 2971 10 trust trust NN 34823 2971 11 promotor promotor NN 34823 2971 12 makes make VBZ 34823 2971 13 , , , 34823 2971 14 in in IN 34823 2971 15 effecting effect VBG 34823 2971 16 a a DT 34823 2971 17 consolidation consolidation NN 34823 2971 18 of of IN 34823 2971 19 big big JJ 34823 2971 20 business business NN 34823 2971 21 units,--a units,--a JJ 34823 2971 22 process process NN 34823 2971 23 of of IN 34823 2971 24 exchange exchange NN 34823 2971 25 . . . 34823 2972 1 I -PRON- PRP 34823 2972 2 am be VBP 34823 2972 3 speaking speak VBG 34823 2972 4 now now RB 34823 2972 5 of of IN 34823 2972 6 the the DT 34823 2972 7 ordinary ordinary JJ 34823 2972 8 costs cost NNS 34823 2972 9 involved involve VBN 34823 2972 10 in in IN 34823 2972 11 ordinary ordinary JJ 34823 2972 12 trade trade NN 34823 2972 13 . . . 34823 2973 1 The the DT 34823 2973 2 army army NN 34823 2973 3 of of IN 34823 2973 4 travelling travel VBG 34823 2973 5 salesmen salesman NNS 34823 2973 6 , , , 34823 2973 7 the the DT 34823 2973 8 body body NN 34823 2973 9 of of IN 34823 2973 10 stenographers stenographer NNS 34823 2973 11 , , , 34823 2973 12 who who WP 34823 2973 13 write write VBP 34823 2973 14 letters letter NNS 34823 2973 15 , , , 34823 2973 16 with with IN 34823 2973 17 various various JJ 34823 2973 18 " " `` 34823 2973 19 follow follow NN 34823 2973 20 - - HYPH 34823 2973 21 ups up NNS 34823 2973 22 , , , 34823 2973 23 " " '' 34823 2973 24 in in IN 34823 2973 25 the the DT 34823 2973 26 effort effort NN 34823 2973 27 to to TO 34823 2973 28 get get VB 34823 2973 29 more more JJR 34823 2973 30 business business NN 34823 2973 31 , , , 34823 2973 32 the the DT 34823 2973 33 growing grow VBG 34823 2973 34 complexities complexity NNS 34823 2973 35 of of IN 34823 2973 36 such such JJ 34823 2973 37 letter letter NN 34823 2973 38 writing writing NN 34823 2973 39 , , , 34823 2973 40 in in IN 34823 2973 41 which which WDT 34823 2973 42 all all DT 34823 2973 43 suspicion suspicion NN 34823 2973 44 of of IN 34823 2973 45 " " `` 34823 2973 46 circularizing circularize VBG 34823 2973 47 " " '' 34823 2973 48 must must MD 34823 2973 49 be be VB 34823 2973 50 allayed allay VBN 34823 2973 51 , , , 34823 2973 52 one one CD 34823 2973 53 - - HYPH 34823 2973 54 cent cent NN 34823 2973 55 stamps stamp NNS 34823 2973 56 being be VBG 34823 2973 57 absolutely absolutely RB 34823 2973 58 taboo!--these taboo!--these JJ 34823 2973 59 things thing NNS 34823 2973 60 are be VBP 34823 2973 61 the the DT 34823 2973 62 commonplaces commonplace NNS 34823 2973 63 of of IN 34823 2973 64 business business NN 34823 2973 65 . . . 34823 2974 1 They -PRON- PRP 34823 2974 2 are be VBP 34823 2974 3 in in IN 34823 2974 4 the the DT 34823 2974 5 primers primer NNS 34823 2974 6 in in IN 34823 2974 7 the the DT 34823 2974 8 " " `` 34823 2974 9 commercial commercial JJ 34823 2974 10 colleges college NNS 34823 2974 11 " " '' 34823 2974 12 and and CC 34823 2974 13 " " `` 34823 2974 14 schools school NNS 34823 2974 15 of of IN 34823 2974 16 commerce commerce NN 34823 2974 17 . . . 34823 2974 18 " " '' 34823 2975 1 Only only RB 34823 2975 2 the the DT 34823 2975 3 orthodox orthodox JJ 34823 2975 4 economist economist NN 34823 2975 5 , , , 34823 2975 6 with with IN 34823 2975 7 his -PRON- PRP$ 34823 2975 8 doctrine doctrine NN 34823 2975 9 of of IN 34823 2975 10 the the DT 34823 2975 11 impossibility impossibility NN 34823 2975 12 of of IN 34823 2975 13 general general JJ 34823 2975 14 overproduction overproduction NN 34823 2975 15 , , , 34823 2975 16 is be VBZ 34823 2975 17 ignorant ignorant JJ 34823 2975 18 of of IN 34823 2975 19 them -PRON- PRP 34823 2975 20 ! ! . 34823 2976 1 This this DT 34823 2976 2 feature feature NN 34823 2976 3 of of IN 34823 2976 4 modern modern JJ 34823 2976 5 business business NN 34823 2976 6 has have VBZ 34823 2976 7 been be VBN 34823 2976 8 much much RB 34823 2976 9 elaborated elaborate VBN 34823 2976 10 in in IN 34823 2976 11 a a DT 34823 2976 12 recent recent JJ 34823 2976 13 book book NN 34823 2976 14 which which WDT 34823 2976 15 has have VBZ 34823 2976 16 not not RB 34823 2976 17 received receive VBN 34823 2976 18 the the DT 34823 2976 19 attention attention NN 34823 2976 20 it -PRON- PRP 34823 2976 21 merits merit VBZ 34823 2976 22 -- -- : 34823 2976 23 though though IN 34823 2976 24 its -PRON- PRP$ 34823 2976 25 strength strength NN 34823 2976 26 is be VBZ 34823 2976 27 rather rather RB 34823 2976 28 in in IN 34823 2976 29 criticism criticism NN 34823 2976 30 than than IN 34823 2976 31 in in IN 34823 2976 32 constructive constructive JJ 34823 2976 33 doctrine doctrine NN 34823 2976 34 . . . 34823 2977 1 I -PRON- PRP 34823 2977 2 refer refer VBP 34823 2977 3 to to IN 34823 2977 4 Dibblee Dibblee NNP 34823 2977 5 , , , 34823 2977 6 _ _ NNP 34823 2977 7 The the DT 34823 2977 8 Laws Laws NNPS 34823 2977 9 of of IN 34823 2977 10 Supply Supply NNP 34823 2977 11 and and CC 34823 2977 12 Demand Demand NNP 34823 2977 13 _ _ NNP 34823 2977 14 . . . 34823 2978 1 [ [ -LRB- 34823 2978 2 286 286 CD 34823 2978 3 ] ] -RRB- 34823 2978 4 Dibblee Dibblee NNP 34823 2978 5 makes make VBZ 34823 2978 6 an an DT 34823 2978 7 interesting interesting JJ 34823 2978 8 contrast contrast NN 34823 2978 9 between between IN 34823 2978 10 commercial commercial NN 34823 2978 11 and and CC 34823 2978 12 manufacturing manufacturing NN 34823 2978 13 cities city NNS 34823 2978 14 , , , 34823 2978 15 maintaining maintain VBG 34823 2978 16 that that IN 34823 2978 17 the the DT 34823 2978 18 former former JJ 34823 2978 19 necessarily necessarily RB 34823 2978 20 outgrow outgrow VBP 34823 2978 21 the the DT 34823 2978 22 latter latter JJ 34823 2978 23 -- -- : 34823 2978 24 a a DT 34823 2978 25 contention contention NN 34823 2978 26 which which WDT 34823 2978 27 London London NNP 34823 2978 28 , , , 34823 2978 29 New New NNP 34823 2978 30 York York NNP 34823 2978 31 , , , 34823 2978 32 Chicago Chicago NNP 34823 2978 33 and and CC 34823 2978 34 other other JJ 34823 2978 35 places place NNS 34823 2978 36 strikingly strikingly RB 34823 2978 37 illustrate illustrate VBP 34823 2978 38 . . . 34823 2979 1 He -PRON- PRP 34823 2979 2 presents present VBZ 34823 2979 3 a a DT 34823 2979 4 truly truly RB 34823 2979 5 remarkable remarkable JJ 34823 2979 6 fact fact NN 34823 2979 7 about about IN 34823 2979 8 London:[287 London:[287 NNP 34823 2979 9 ] ] -RRB- 34823 2979 10 a a DT 34823 2979 11 recent recent JJ 34823 2979 12 report report NN 34823 2979 13 of of IN 34823 2979 14 the the DT 34823 2979 15 Commission Commission NNP 34823 2979 16 on on IN 34823 2979 17 London London NNP 34823 2979 18 Traffic Traffic NNP 34823 2979 19 states state VBZ 34823 2979 20 that that IN 34823 2979 21 there there EX 34823 2979 22 were be VBD 34823 2979 23 in in IN 34823 2979 24 London London NNP 34823 2979 25 638 638 CD 34823 2979 26 factories factory NNS 34823 2979 27 registered register VBD 34823 2979 28 as as IN 34823 2979 29 coming come VBG 34823 2979 30 under under IN 34823 2979 31 the the DT 34823 2979 32 Factory Factory NNP 34823 2979 33 Acts Acts NNPS 34823 2979 34 , , , 34823 2979 35 with with IN 34823 2979 36 an an DT 34823 2979 37 average average JJ 34823 2979 38 horse horse NN 34823 2979 39 - - HYPH 34823 2979 40 power power NN 34823 2979 41 of of IN 34823 2979 42 54 54 CD 34823 2979 43 . . . 34823 2980 1 The the DT 34823 2980 2 total total JJ 34823 2980 3 power power NN 34823 2980 4 employed employ VBN 34823 2980 5 within within IN 34823 2980 6 the the DT 34823 2980 7 London London NNP 34823 2980 8 area area NN 34823 2980 9 under under IN 34823 2980 10 the the DT 34823 2980 11 Factory Factory NNP 34823 2980 12 Acts Acts NNPS 34823 2980 13 , , , 34823 2980 14 chiefly chiefly RB 34823 2980 15 used use VBN 34823 2980 16 in in IN 34823 2980 17 newspaper newspaper NN 34823 2980 18 printing printing NN 34823 2980 19 , , , 34823 2980 20 was be VBD 34823 2980 21 34,750 34,750 CD 34823 2980 22 horse horse NN 34823 2980 23 - - HYPH 34823 2980 24 power power NN 34823 2980 25 -- -- : 34823 2980 26 just just RB 34823 2980 27 one one CD 34823 2980 28 - - HYPH 34823 2980 29 half half NN 34823 2980 30 of of IN 34823 2980 31 what what WP 34823 2980 32 is be VBZ 34823 2980 33 required require VBN 34823 2980 34 for for IN 34823 2980 35 the the DT 34823 2980 36 steamship steamship NN 34823 2980 37 , , , 34823 2980 38 Mauretania Mauretania NNP 34823 2980 39 ! ! . 34823 2981 1 This this DT 34823 2981 2 is be VBZ 34823 2981 3 the the DT 34823 2981 4 greatest great JJS 34823 2981 5 city city NN 34823 2981 6 in in IN 34823 2981 7 the the DT 34823 2981 8 world world NN 34823 2981 9 . . . 34823 2982 1 What what WP 34823 2982 2 do do VBP 34823 2982 3 its -PRON- PRP$ 34823 2982 4 millions million NNS 34823 2982 5 do do VB 34823 2982 6 for for IN 34823 2982 7 a a DT 34823 2982 8 living living NN 34823 2982 9 ? ? . 34823 2983 1 [ [ -LRB- 34823 2983 2 288 288 CD 34823 2983 3 ] ] -RRB- 34823 2983 4 The the DT 34823 2983 5 town town NN 34823 2983 6 of of IN 34823 2983 7 Oldham,[289 oldham,[289 CD 34823 2983 8 ] ] -RRB- 34823 2983 9 he -PRON- PRP 34823 2983 10 asserts assert VBZ 34823 2983 11 , , , 34823 2983 12 with with IN 34823 2983 13 100,000 100,000 CD 34823 2983 14 inhabitants inhabitant NNS 34823 2983 15 , , , 34823 2983 16 has have VBZ 34823 2983 17 spindle spindle JJ 34823 2983 18 capacity capacity NN 34823 2983 19 enough enough RB 34823 2983 20 to to TO 34823 2983 21 supply supply VB 34823 2983 22 more more JJR 34823 2983 23 than than IN 34823 2983 24 the the DT 34823 2983 25 regular regular JJ 34823 2983 26 needs need NNS 34823 2983 27 of of IN 34823 2983 28 the the DT 34823 2983 29 whole whole NN 34823 2983 30 of of IN 34823 2983 31 Europe Europe NNP 34823 2983 32 in in IN 34823 2983 33 the the DT 34823 2983 34 common common JJ 34823 2983 35 counts count NNS 34823 2983 36 of of IN 34823 2983 37 yarn yarn NN 34823 2983 38 . . . 34823 2984 1 To to IN 34823 2984 2 _ _ NNP 34823 2984 3 market market NN 34823 2984 4 _ _ IN 34823 2984 5 the the DT 34823 2984 6 output output NN 34823 2984 7 of of IN 34823 2984 8 Lancashire Lancashire NNP 34823 2984 9 , , , 34823 2984 10 " " '' 34823 2984 11 the the DT 34823 2984 12 merchants merchant NNS 34823 2984 13 and and CC 34823 2984 14 warehousemen warehouseman NNS 34823 2984 15 of of IN 34823 2984 16 Manchester Manchester NNP 34823 2984 17 and and CC 34823 2984 18 Liverpool Liverpool NNP 34823 2984 19 , , , 34823 2984 20 not not RB 34823 2984 21 to to TO 34823 2984 22 mention mention VB 34823 2984 23 the the DT 34823 2984 24 marketing marketing NN 34823 2984 25 organization organization NN 34823 2984 26 contained contain VBN 34823 2984 27 in in IN 34823 2984 28 other other JJ 34823 2984 29 Lancashire Lancashire NNP 34823 2984 30 towns town NNS 34823 2984 31 , , , 34823 2984 32 have have VBP 34823 2984 33 a a DT 34823 2984 34 greater great JJR 34823 2984 35 capital capital NN 34823 2984 36 employed employ VBN 34823 2984 37 than than IN 34823 2984 38 that that DT 34823 2984 39 required require VBN 34823 2984 40 in in IN 34823 2984 41 all all PDT 34823 2984 42 the the DT 34823 2984 43 manufacturing manufacturing NN 34823 2984 44 industries industry NNS 34823 2984 45 of of IN 34823 2984 46 the the DT 34823 2984 47 cotton cotton NN 34823 2984 48 trade trade NN 34823 2984 49 . . . 34823 2984 50 " " '' 34823 2985 1 Accurate accurate JJ 34823 2985 2 estimates estimate NNS 34823 2985 3 of of IN 34823 2985 4 the the DT 34823 2985 5 proportion proportion NN 34823 2985 6 of of IN 34823 2985 7 " " `` 34823 2985 8 selling sell VBG 34823 2985 9 costs cost NNS 34823 2985 10 " " '' 34823 2985 11 to to IN 34823 2985 12 costs cost NNS 34823 2985 13 of of IN 34823 2985 14 technical technical JJ 34823 2985 15 production production NN 34823 2985 16 are be VBP 34823 2985 17 doubtless doubtless RB 34823 2985 18 impossible impossible JJ 34823 2985 19 , , , 34823 2985 20 for for IN 34823 2985 21 the the DT 34823 2985 22 general general JJ 34823 2985 23 field field NN 34823 2985 24 of of IN 34823 2985 25 trade trade NN 34823 2985 26 , , , 34823 2985 27 and and CC 34823 2985 28 precision precision NN 34823 2985 29 is be VBZ 34823 2985 30 unnecessary unnecessary JJ 34823 2985 31 for for IN 34823 2985 32 my -PRON- PRP$ 34823 2985 33 purposes purpose NNS 34823 2985 34 . . . 34823 2986 1 Dibblee Dibblee NNP 34823 2986 2 's 's POS 34823 2986 3 conclusion conclusion NN 34823 2986 4 , , , 34823 2986 5 after after IN 34823 2986 6 contrasting contrast VBG 34823 2986 7 retail retail JJ 34823 2986 8 and and CC 34823 2986 9 wholesale wholesale JJ 34823 2986 10 prices price NNS 34823 2986 11 , , , 34823 2986 12 and and CC 34823 2986 13 analyzing analyze VBG 34823 2986 14 the the DT 34823 2986 15 expenses expense NNS 34823 2986 16 incurred incur VBN 34823 2986 17 in in IN 34823 2986 18 selling sell VBG 34823 2986 19 prior prior RB 34823 2986 20 to to IN 34823 2986 21 the the DT 34823 2986 22 wholesale wholesale JJ 34823 2986 23 stage stage NN 34823 2986 24 , , , 34823 2986 25 is be VBZ 34823 2986 26 that that IN 34823 2986 27 the the DT 34823 2986 28 cost cost NN 34823 2986 29 of of IN 34823 2986 30 marketing marketing NN 34823 2986 31 is be VBZ 34823 2986 32 at at IN 34823 2986 33 least least JJS 34823 2986 34 equal equal JJ 34823 2986 35 to to IN 34823 2986 36 " " `` 34823 2986 37 real real JJ 34823 2986 38 cost cost NN 34823 2986 39 of of IN 34823 2986 40 production production NN 34823 2986 41 , , , 34823 2986 42 " " '' 34823 2986 43 occasionally occasionally RB 34823 2986 44 only only RB 34823 2986 45 slightly slightly RB 34823 2986 46 below below IN 34823 2986 47 it -PRON- PRP 34823 2986 48 , , , 34823 2986 49 and and CC 34823 2986 50 often often RB 34823 2986 51 far far RB 34823 2986 52 above above IN 34823 2986 53 it -PRON- PRP 34823 2986 54 ( ( -LRB- 34823 2986 55 62 62 CD 34823 2986 56 ) ) -RRB- 34823 2986 57 . . . 34823 2987 1 [ [ -LRB- 34823 2987 2 290 290 CD 34823 2987 3 ] ] -RRB- 34823 2987 4 If if IN 34823 2987 5 one one CD 34823 2987 6 considers consider VBZ 34823 2987 7 how how WRB 34823 2987 8 large large JJ 34823 2987 9 the the DT 34823 2987 10 item item NN 34823 2987 11 of of IN 34823 2987 12 " " `` 34823 2987 13 good good JJ 34823 2987 14 will will MD 34823 2987 15 " " '' 34823 2987 16 often often RB 34823 2987 17 bulks bulk NNS 34823 2987 18 in in IN 34823 2987 19 the the DT 34823 2987 20 value value NN 34823 2987 21 of of IN 34823 2987 22 " " `` 34823 2987 23 going go VBG 34823 2987 24 concerns"[291]--good concerns"[291]--good NN 34823 2987 25 will will MD 34823 2987 26 being be VBG 34823 2987 27 in in IN 34823 2987 28 large large JJ 34823 2987 29 degree degree NN 34823 2987 30 often often RB 34823 2987 31 just just RB 34823 2987 32 a a DT 34823 2987 33 capitalization capitalization NN 34823 2987 34 of of IN 34823 2987 35 prior prior JJ 34823 2987 36 costs cost NNS 34823 2987 37 of of IN 34823 2987 38 this this DT 34823 2987 39 nature nature NN 34823 2987 40 -- -- : 34823 2987 41 Dibblee Dibblee NNP 34823 2987 42 's 's POS 34823 2987 43 estimate estimate NN 34823 2987 44 need nee MD 34823 2987 45 not not RB 34823 2987 46 be be VB 34823 2987 47 exaggerated exaggerate VBN 34823 2987 48 . . . 34823 2988 1 Trade trade NN 34823 2988 2 connections connection NNS 34823 2988 3 , , , 34823 2988 4 trade trade NN 34823 2988 5 - - HYPH 34823 2988 6 marks mark NNS 34823 2988 7 that that WDT 34823 2988 8 have have VBP 34823 2988 9 reputation reputation NN 34823 2988 10 , , , 34823 2988 11 etc etc FW 34823 2988 12 . . FW 34823 2988 13 , , , 34823 2988 14 often often RB 34823 2988 15 represent represent VBP 34823 2988 16 enormous enormous JJ 34823 2988 17 output output NN 34823 2988 18 in in IN 34823 2988 19 thought thought NN 34823 2988 20 , , , 34823 2988 21 work work NN 34823 2988 22 , , , 34823 2988 23 and and CC 34823 2988 24 expense expense NN 34823 2988 25 . . . 34823 2989 1 Selling selling NN 34823 2989 2 costs cost NNS 34823 2989 3 may may MD 34823 2989 4 , , , 34823 2989 5 like like IN 34823 2989 6 other other JJ 34823 2989 7 costs cost NNS 34823 2989 8 , , , 34823 2989 9 be be VB 34823 2989 10 divided divide VBN 34823 2989 11 into into IN 34823 2989 12 " " `` 34823 2989 13 prime prime NN 34823 2989 14 " " '' 34823 2989 15 and and CC 34823 2989 16 " " `` 34823 2989 17 overhead overhead JJ 34823 2989 18 " " '' 34823 2989 19 costs cost NNS 34823 2989 20 . . . 34823 2990 1 Some some DT 34823 2990 2 of of IN 34823 2990 3 the the DT 34823 2990 4 latter latter JJ 34823 2990 5 lead lead NN 34823 2990 6 to to IN 34823 2990 7 long long JJ 34823 2990 8 - - HYPH 34823 2990 9 time time NN 34823 2990 10 consequences consequence NNS 34823 2990 11 , , , 34823 2990 12 pay pay VBP 34823 2990 13 for for IN 34823 2990 14 themselves -PRON- PRP 34823 2990 15 only only RB 34823 2990 16 in in IN 34823 2990 17 the the DT 34823 2990 18 long long JJ 34823 2990 19 run run NN 34823 2990 20 . . . 34823 2991 1 These these DT 34823 2991 2 may may MD 34823 2991 3 be be VB 34823 2991 4 " " `` 34823 2991 5 capitalized capitalize VBN 34823 2991 6 " " '' 34823 2991 7 in in IN 34823 2991 8 " " `` 34823 2991 9 good good JJ 34823 2991 10 will will NN 34823 2991 11 . . . 34823 2992 1 " " `` 34823 2992 2 [ [ -LRB- 34823 2992 3 292 292 CD 34823 2992 4 ] ] -RRB- 34823 2992 5 Of of RB 34823 2992 6 course course RB 34823 2992 7 , , , 34823 2992 8 not not RB 34823 2992 9 all all DT 34823 2992 10 good good JJ 34823 2992 11 will will NN 34823 2992 12 is be VBZ 34823 2992 13 got get VBN 34823 2992 14 at at IN 34823 2992 15 a a DT 34823 2992 16 cost cost NN 34823 2992 17 . . . 34823 2993 1 Much much JJ 34823 2993 2 of of IN 34823 2993 3 it -PRON- PRP 34823 2993 4 is be VBZ 34823 2993 5 adventitious adventitious JJ 34823 2993 6 . . . 34823 2994 1 In in IN 34823 2994 2 the the DT 34823 2994 3 light light NN 34823 2994 4 of of IN 34823 2994 5 the the DT 34823 2994 6 doctrine doctrine NN 34823 2994 7 that that DT 34823 2994 8 trade trade NN 34823 2994 9 is be VBZ 34823 2994 10 independent independent JJ 34823 2994 11 of of IN 34823 2994 12 money money NN 34823 2994 13 and and CC 34823 2994 14 credit credit NN 34823 2994 15 , , , 34823 2994 16 one one NN 34823 2994 17 wonders wonder VBZ 34823 2994 18 why why WRB 34823 2994 19 it -PRON- PRP 34823 2994 20 should should MD 34823 2994 21 be be VB 34823 2994 22 thought think VBN 34823 2994 23 necessary necessary JJ 34823 2994 24 to to TO 34823 2994 25 extend extend VB 34823 2994 26 branches branch NNS 34823 2994 27 of of IN 34823 2994 28 American american JJ 34823 2994 29 banks bank NNS 34823 2994 30 to to IN 34823 2994 31 the the DT 34823 2994 32 South south JJ 34823 2994 33 American american JJ 34823 2994 34 markets market NNS 34823 2994 35 which which WDT 34823 2994 36 we -PRON- PRP 34823 2994 37 are be VBP 34823 2994 38 now now RB 34823 2994 39 reaching reach VBG 34823 2994 40 out out RP 34823 2994 41 toward toward IN 34823 2994 42 . . . 34823 2995 1 And and CC 34823 2995 2 why why WRB 34823 2995 3 have have VBP 34823 2995 4 Americans Americans NNPS 34823 2995 5 , , , 34823 2995 6 from from IN 34823 2995 7 the the DT 34823 2995 8 beginning beginning NN 34823 2995 9 , , , 34823 2995 10 been be VBN 34823 2995 11 constantly constantly RB 34823 2995 12 increasing increase VBG 34823 2995 13 commercial commercial JJ 34823 2995 14 banks bank NNS 34823 2995 15 ? ? . 34823 2996 1 [ [ -LRB- 34823 2996 2 293 293 CD 34823 2996 3 ] ] -RRB- 34823 2996 4 It -PRON- PRP 34823 2996 5 is be VBZ 34823 2996 6 easy easy JJ 34823 2996 7 to to TO 34823 2996 8 sneer sneer VB 34823 2996 9 at at IN 34823 2996 10 the the DT 34823 2996 11 efforts effort NNS 34823 2996 12 of of IN 34823 2996 13 the the DT 34823 2996 14 successive successive JJ 34823 2996 15 frontiers frontier NNS 34823 2996 16 in in IN 34823 2996 17 our -PRON- PRP$ 34823 2996 18 history history NN 34823 2996 19 to to TO 34823 2996 20 provide provide VB 34823 2996 21 themselves -PRON- PRP 34823 2996 22 with with IN 34823 2996 23 banks bank NNS 34823 2996 24 of of IN 34823 2996 25 issue issue NN 34823 2996 26 as as IN 34823 2996 27 based base VBN 34823 2996 28 on on IN 34823 2996 29 a a DT 34823 2996 30 delusion delusion NN 34823 2996 31 , , , 34823 2996 32 the the DT 34823 2996 33 delusion delusion NN 34823 2996 34 that that IN 34823 2996 35 bank bank NN 34823 2996 36 - - HYPH 34823 2996 37 notes note NNS 34823 2996 38 are be VBP 34823 2996 39 " " `` 34823 2996 40 capital capital NN 34823 2996 41 , , , 34823 2996 42 " " '' 34823 2996 43 and and CC 34823 2996 44 to to TO 34823 2996 45 say say VB 34823 2996 46 that that IN 34823 2996 47 their -PRON- PRP$ 34823 2996 48 real real JJ 34823 2996 49 need need NN 34823 2996 50 was be VBD 34823 2996 51 , , , 34823 2996 52 not not RB 34823 2996 53 more more JJR 34823 2996 54 bank bank NN 34823 2996 55 - - HYPH 34823 2996 56 credit credit NN 34823 2996 57 , , , 34823 2996 58 but but CC 34823 2996 59 more more JJR 34823 2996 60 real real JJ 34823 2996 61 capital capital NN 34823 2996 62 . . . 34823 2997 1 They -PRON- PRP 34823 2997 2 needed need VBD 34823 2997 3 more more JJR 34823 2997 4 tools tool NNS 34823 2997 5 and and CC 34823 2997 6 live live JJ 34823 2997 7 - - HYPH 34823 2997 8 stock stock NN 34823 2997 9 , , , 34823 2997 10 doubtless doubtless RB 34823 2997 11 , , , 34823 2997 12 but but CC 34823 2997 13 is be VBZ 34823 2997 14 that that IN 34823 2997 15 the the DT 34823 2997 16 whole whole JJ 34823 2997 17 story story NN 34823 2997 18 ? ? . 34823 2998 1 And and CC 34823 2998 2 were be VBD 34823 2998 3 their -PRON- PRP$ 34823 2998 4 banks bank NNS 34823 2998 5 of of IN 34823 2998 6 no no DT 34823 2998 7 assistance assistance NN 34823 2998 8 in in IN 34823 2998 9 getting get VBG 34823 2998 10 the the DT 34823 2998 11 additional additional JJ 34823 2998 12 capital capital NN 34823 2998 13 of of IN 34823 2998 14 various various JJ 34823 2998 15 sorts sort NNS 34823 2998 16 ? ? . 34823 2999 1 And and CC 34823 2999 2 was be VBD 34823 2999 3 it -PRON- PRP 34823 2999 4 a a DT 34823 2999 5 matter matter NN 34823 2999 6 of of IN 34823 2999 7 no no DT 34823 2999 8 consequence consequence NN 34823 2999 9 that that IN 34823 2999 10 they -PRON- PRP 34823 2999 11 had have VBD 34823 2999 12 an an DT 34823 2999 13 abundant abundant JJ 34823 2999 14 medium medium NN 34823 2999 15 of of IN 34823 2999 16 exchange exchange NN 34823 2999 17 ? ? . 34823 3000 1 It -PRON- PRP 34823 3000 2 seems seem VBZ 34823 3000 3 almost almost RB 34823 3000 4 childish childish JJ 34823 3000 5 to to TO 34823 3000 6 put put VB 34823 3000 7 such such JJ 34823 3000 8 questions question NNS 34823 3000 9 , , , 34823 3000 10 but but CC 34823 3000 11 the the DT 34823 3000 12 quantity quantity NN 34823 3000 13 theory theory NN 34823 3000 14 has have VBZ 34823 3000 15 as as IN 34823 3000 16 its -PRON- PRP$ 34823 3000 17 logical logical JJ 34823 3000 18 corollary corollary NN 34823 3000 19 that that WDT 34823 3000 20 to to TO 34823 3000 21 multiply multiply VB 34823 3000 22 banks bank NNS 34823 3000 23 is be VBZ 34823 3000 24 quite quite RB 34823 3000 25 useless useless JJ 34823 3000 26 and and CC 34823 3000 27 wasteful wasteful JJ 34823 3000 28 , , , 34823 3000 29 since since IN 34823 3000 30 the the DT 34823 3000 31 only only JJ 34823 3000 32 result result NN 34823 3000 33 is be VBZ 34823 3000 34 to to TO 34823 3000 35 raise raise VB 34823 3000 36 prices price NNS 34823 3000 37 . . . 34823 3001 1 If if IN 34823 3001 2 increasing increase VBG 34823 3001 3 bank bank NN 34823 3001 4 - - HYPH 34823 3001 5 credit credit NN 34823 3001 6 can can MD 34823 3001 7 not not RB 34823 3001 8 increase increase VB 34823 3001 9 trade trade NN 34823 3001 10 or or CC 34823 3001 11 production production NN 34823 3001 12 , , , 34823 3001 13 this this DT 34823 3001 14 corollary corollary NN 34823 3001 15 is be VBZ 34823 3001 16 inevitable inevitable JJ 34823 3001 17 . . . 34823 3002 1 Indeed indeed RB 34823 3002 2 , , , 34823 3002 3 the the DT 34823 3002 4 case case NN 34823 3002 5 may may MD 34823 3002 6 be be VB 34823 3002 7 more more RBR 34823 3002 8 strongly strongly RB 34823 3002 9 stated state VBN 34823 3002 10 . . . 34823 3003 1 Quite quite RB 34823 3003 2 apart apart RB 34823 3003 3 from from IN 34823 3003 4 the the DT 34823 3003 5 wasted waste VBN 34823 3003 6 labor labor NN 34823 3003 7 of of IN 34823 3003 8 bank bank NN 34823 3003 9 - - HYPH 34823 3003 10 clerks clerk NNS 34823 3003 11 and and CC 34823 3003 12 the the DT 34823 3003 13 waste waste NN 34823 3003 14 of of IN 34823 3003 15 banking banking NN 34823 3003 16 capital capital NN 34823 3003 17 , , , 34823 3003 18 the the DT 34823 3003 19 effect effect NN 34823 3003 20 of of IN 34823 3003 21 increasing increase VBG 34823 3003 22 bank bank NN 34823 3003 23 - - HYPH 34823 3003 24 development development NN 34823 3003 25 , , , 34823 3003 26 on on IN 34823 3003 27 quantity quantity NN 34823 3003 28 theory theory NN 34823 3003 29 reasoning reasoning NN 34823 3003 30 , , , 34823 3003 31 is be VBZ 34823 3003 32 harmful harmful JJ 34823 3003 33 . . . 34823 3004 1 If if IN 34823 3004 2 increasing increase VBG 34823 3004 3 bank bank NN 34823 3004 4 - - HYPH 34823 3004 5 credit credit NN 34823 3004 6 is be VBZ 34823 3004 7 to to TO 34823 3004 8 raise raise VB 34823 3004 9 prices price NNS 34823 3004 10 without without IN 34823 3004 11 increasing increase VBG 34823 3004 12 trade trade NN 34823 3004 13 , , , 34823 3004 14 then then RB 34823 3004 15 , , , 34823 3004 16 on on IN 34823 3004 17 quantity quantity NN 34823 3004 18 theory theory NN 34823 3004 19 reasoning reasoning NN 34823 3004 20 , , , 34823 3004 21 it -PRON- PRP 34823 3004 22 must must MD 34823 3004 23 _ _ NNP 34823 3004 24 depress depress NN 34823 3004 25 _ _ NNP 34823 3004 26 business business NN 34823 3004 27 . . . 34823 3005 1 The the DT 34823 3005 2 reason reason NN 34823 3005 3 is be VBZ 34823 3005 4 that that IN 34823 3005 5 rising rise VBG 34823 3005 6 prices price NNS 34823 3005 7 in in IN 34823 3005 8 a a DT 34823 3005 9 given give VBN 34823 3005 10 region region NN 34823 3005 11 make make VBP 34823 3005 12 that that DT 34823 3005 13 region region NN 34823 3005 14 a a DT 34823 3005 15 bad bad JJ 34823 3005 16 place place NN 34823 3005 17 to to TO 34823 3005 18 buy buy VB 34823 3005 19 in in RB 34823 3005 20 , , , 34823 3005 21 and and CC 34823 3005 22 so so RB 34823 3005 23 curtail curtail VB 34823 3005 24 its -PRON- PRP$ 34823 3005 25 exports export NNS 34823 3005 26 . . . 34823 3006 1 This this DT 34823 3006 2 is be VBZ 34823 3006 3 , , , 34823 3006 4 indeed indeed RB 34823 3006 5 , , , 34823 3006 6 the the DT 34823 3006 7 quantity quantity NN 34823 3006 8 theory theory NN 34823 3006 9 explanation explanation NN 34823 3006 10 of of IN 34823 3006 11 international international JJ 34823 3006 12 trade trade NN 34823 3006 13 , , , 34823 3006 14 to to IN 34823 3006 15 which which WDT 34823 3006 16 attention attention NN 34823 3006 17 is be VBZ 34823 3006 18 later later RB 34823 3006 19 to to TO 34823 3006 20 be be VB 34823 3006 21 given give VBN 34823 3006 22 . . . 34823 3007 1 The the DT 34823 3007 2 country country NN 34823 3007 3 which which WDT 34823 3007 4 is be VBZ 34823 3007 5 expanding expand VBG 34823 3007 6 its -PRON- PRP$ 34823 3007 7 banking banking NN 34823 3007 8 facilities facility NNS 34823 3007 9 most most RBS 34823 3007 10 rapidly rapidly RB 34823 3007 11 will will MD 34823 3007 12 suffer suffer VB 34823 3007 13 most most RBS 34823 3007 14 in in IN 34823 3007 15 competition competition NN 34823 3007 16 in in IN 34823 3007 17 the the DT 34823 3007 18 world world NN 34823 3007 19 markets market NNS 34823 3007 20 . . . 34823 3008 1 This this DT 34823 3008 2 is be VBZ 34823 3008 3 why why WRB 34823 3008 4 the the DT 34823 3008 5 United United NNP 34823 3008 6 States States NNP 34823 3008 7 have have VBP 34823 3008 8 so so RB 34823 3008 9 little little JJ 34823 3008 10 foreign foreign JJ 34823 3008 11 trade trade NN 34823 3008 12 ! ! . 34823 3009 1 It -PRON- PRP 34823 3009 2 also also RB 34823 3009 3 explains explain VBZ 34823 3009 4 the the DT 34823 3009 5 rapid rapid JJ 34823 3009 6 strides stride NNS 34823 3009 7 that that IN 34823 3009 8 China China NNP 34823 3009 9 and and CC 34823 3009 10 Central Central NNP 34823 3009 11 Africa Africa NNP 34823 3009 12 have have VBP 34823 3009 13 recently recently RB 34823 3009 14 made make VBN 34823 3009 15 in in IN 34823 3009 16 capturing capture VBG 34823 3009 17 the the DT 34823 3009 18 world world NN 34823 3009 19 's 's POS 34823 3009 20 markets market NNS 34823 3009 21 . . . 34823 3010 1 I -PRON- PRP 34823 3010 2 submit submit VBP 34823 3010 3 that that IN 34823 3010 4 there there EX 34823 3010 5 is be VBZ 34823 3010 6 no no DT 34823 3010 7 flaw flaw NN 34823 3010 8 in in IN 34823 3010 9 this this DT 34823 3010 10 argument argument NN 34823 3010 11 , , , 34823 3010 12 if if IN 34823 3010 13 the the DT 34823 3010 14 premise premise NN 34823 3010 15 of of IN 34823 3010 16 the the DT 34823 3010 17 independence independence NN 34823 3010 18 of of IN 34823 3010 19 volume volume NN 34823 3010 20 of of IN 34823 3010 21 trade trade NN 34823 3010 22 and and CC 34823 3010 23 volume volume NN 34823 3010 24 of of IN 34823 3010 25 bank bank NN 34823 3010 26 - - HYPH 34823 3010 27 credit credit NN 34823 3010 28 be be VB 34823 3010 29 granted grant VBN 34823 3010 30 . . . 34823 3011 1 It -PRON- PRP 34823 3011 2 follows follow VBZ 34823 3011 3 from from IN 34823 3011 4 the the DT 34823 3011 5 quantity quantity NN 34823 3011 6 theory theory NN 34823 3011 7 . . . 34823 3012 1 That that IN 34823 3012 2 it -PRON- PRP 34823 3012 3 is be VBZ 34823 3012 4 no no DT 34823 3012 5 caricature caricature NN 34823 3012 6 of of IN 34823 3012 7 Fisher Fisher NNP 34823 3012 8 's 's POS 34823 3012 9 argument argument NN 34823 3012 10 will will MD 34823 3012 11 appear appear VB 34823 3012 12 , , , 34823 3012 13 I -PRON- PRP 34823 3012 14 think think VBP 34823 3012 15 , , , 34823 3012 16 from from IN 34823 3012 17 the the DT 34823 3012 18 following follow VBG 34823 3012 19 quotation,[294 quotation,[294 NNP 34823 3012 20 ] ] -RRB- 34823 3012 21 which which WDT 34823 3012 22 very very RB 34823 3012 23 nearly nearly RB 34823 3012 24 states state VBZ 34823 3012 25 what what WP 34823 3012 26 I -PRON- PRP 34823 3012 27 have have VBP 34823 3012 28 just just RB 34823 3012 29 been be VBN 34823 3012 30 saying say VBG 34823 3012 31 , , , 34823 3012 32 though though IN 34823 3012 33 it -PRON- PRP 34823 3012 34 does do VBZ 34823 3012 35 not not RB 34823 3012 36 draw draw VB 34823 3012 37 the the DT 34823 3012 38 conclusion conclusion NN 34823 3012 39 that that IN 34823 3012 40 banking banking NN 34823 3012 41 is be VBZ 34823 3012 42 a a DT 34823 3012 43 bad bad JJ 34823 3012 44 thing thing NN 34823 3012 45 : : : 34823 3012 46 " " `` 34823 3012 47 The the DT 34823 3012 48 invention invention NN 34823 3012 49 of of IN 34823 3012 50 banking banking NN 34823 3012 51 has have VBZ 34823 3012 52 made make VBN 34823 3012 53 deposit deposit NN 34823 3012 54 currency currency NN 34823 3012 55 possible possible JJ 34823 3012 56 , , , 34823 3012 57 and and CC 34823 3012 58 its -PRON- PRP$ 34823 3012 59 adoption adoption NN 34823 3012 60 has have VBZ 34823 3012 61 undoubtedly undoubtedly RB 34823 3012 62 led lead VBN 34823 3012 63 to to IN 34823 3012 64 a a DT 34823 3012 65 great great JJ 34823 3012 66 increase increase NN 34823 3012 67 in in IN 34823 3012 68 deposits deposit NNS 34823 3012 69 and and CC 34823 3012 70 consequent consequent JJ 34823 3012 71 rise rise NN 34823 3012 72 in in IN 34823 3012 73 prices price NNS 34823 3012 74 . . . 34823 3013 1 Even even RB 34823 3013 2 in in IN 34823 3013 3 the the DT 34823 3013 4 last last JJ 34823 3013 5 decade decade NN 34823 3013 6 the the DT 34823 3013 7 extension extension NN 34823 3013 8 in in IN 34823 3013 9 the the DT 34823 3013 10 United United NNP 34823 3013 11 States States NNP 34823 3013 12 of of IN 34823 3013 13 deposit deposit NN 34823 3013 14 banking banking NN 34823 3013 15 has have VBZ 34823 3013 16 been be VBN 34823 3013 17 an an DT 34823 3013 18 exceedingly exceedingly RB 34823 3013 19 powerful powerful JJ 34823 3013 20 influence influence NN 34823 3013 21 in in IN 34823 3013 22 that that DT 34823 3013 23 direction direction NN 34823 3013 24 . . . 34823 3014 1 In in IN 34823 3014 2 Europe Europe NNP 34823 3014 3 deposit deposit NN 34823 3014 4 banking banking NN 34823 3014 5 is be VBZ 34823 3014 6 in in IN 34823 3014 7 its -PRON- PRP$ 34823 3014 8 infancy infancy NN 34823 3014 9 . . . 34823 3015 1 " " `` 34823 3015 2 [ [ -LRB- 34823 3015 3 295 295 CD 34823 3015 4 ] ] -RRB- 34823 3015 5 Happy Happy NNP 34823 3015 6 Europe Europe NNP 34823 3015 7 , , , 34823 3015 8 troubled trouble VBN 34823 3015 9 only only RB 34823 3015 10 by by IN 34823 3015 11 war war NN 34823 3015 12 ! ! . 34823 3016 1 It -PRON- PRP 34823 3016 2 is be VBZ 34823 3016 3 greatly greatly RB 34823 3016 4 to to TO 34823 3016 5 be be VB 34823 3016 6 hoped hope VBN 34823 3016 7 , , , 34823 3016 8 in in IN 34823 3016 9 the the DT 34823 3016 10 interests interest NNS 34823 3016 11 of of IN 34823 3016 12 American american JJ 34823 3016 13 agriculture agriculture NN 34823 3016 14 , , , 34823 3016 15 that that IN 34823 3016 16 the the DT 34823 3016 17 efforts effort NNS 34823 3016 18 to to TO 34823 3016 19 increase increase VB 34823 3016 20 agricultural agricultural JJ 34823 3016 21 credit credit NN 34823 3016 22 facilities facility NNS 34823 3016 23 will will MD 34823 3016 24 fail fail VB 34823 3016 25 ! ! . 34823 3017 1 We -PRON- PRP 34823 3017 2 are be VBP 34823 3017 3 driven drive VBN 34823 3017 4 to to IN 34823 3017 5 one one CD 34823 3017 6 of of IN 34823 3017 7 the the DT 34823 3017 8 most most RBS 34823 3017 9 fundamental fundamental JJ 34823 3017 10 contrasts contrast NNS 34823 3017 11 in in IN 34823 3017 12 economic economic JJ 34823 3017 13 theory theory NN 34823 3017 14 , , , 34823 3017 15 which which WDT 34823 3017 16 appears appear VBZ 34823 3017 17 under under IN 34823 3017 18 various various JJ 34823 3017 19 guises guise NNS 34823 3017 20 and and CC 34823 3017 21 in in IN 34823 3017 22 different different JJ 34823 3017 23 forms form NNS 34823 3017 24 : : : 34823 3017 25 statics statics NNP 34823 3017 26 _ _ NNP 34823 3017 27 vs. vs. IN 34823 3017 28 _ _ NNP 34823 3017 29 dynamics dynamic NNS 34823 3017 30 ; ; : 34823 3017 31 transition transition NN 34823 3017 32 _ _ NNP 34823 3017 33 vs. vs. IN 34823 3017 34 _ _ NNP 34823 3017 35 equilibrium equilibrium NN 34823 3017 36 , , , 34823 3017 37 theory theory NN 34823 3017 38 of of IN 34823 3017 39 prosperity prosperity NN 34823 3017 40 _ _ NNP 34823 3017 41 vs. vs. IN 34823 3017 42 _ _ NNP 34823 3017 43 theory theory NN 34823 3017 44 of of IN 34823 3017 45 goods good NNS 34823 3017 46 ; ; : 34823 3017 47 normal normal JJ 34823 3017 48 tendency tendency NN 34823 3017 49 _ _ NNP 34823 3017 50 vs. vs. IN 34823 3017 51 _ _ NNP 34823 3017 52 " " '' 34823 3017 53 friction friction NN 34823 3017 54 . . . 34823 3018 1 " " `` 34823 3018 2 [ [ -LRB- 34823 3018 3 296 296 CD 34823 3018 4 ] ] -RRB- 34823 3018 5 Perhaps perhaps RB 34823 3018 6 Professor Professor NNP 34823 3018 7 Fisher Fisher NNP 34823 3018 8 , , , 34823 3018 9 and and CC 34823 3018 10 the the DT 34823 3018 11 quantity quantity NN 34823 3018 12 theorist theorist NN 34823 3018 13 in in IN 34823 3018 14 general general JJ 34823 3018 15 , , , 34823 3018 16 would would MD 34823 3018 17 dismiss dismiss VB 34823 3018 18 many many JJ 34823 3018 19 of of IN 34823 3018 20 these these DT 34823 3018 21 considerations consideration NNS 34823 3018 22 as as IN 34823 3018 23 not not RB 34823 3018 24 applicable applicable JJ 34823 3018 25 to to IN 34823 3018 26 the the DT 34823 3018 27 general general JJ 34823 3018 28 principle principle NN 34823 3018 29 , , , 34823 3018 30 which which WDT 34823 3018 31 is be VBZ 34823 3018 32 a a DT 34823 3018 33 " " `` 34823 3018 34 normal normal JJ 34823 3018 35 " " '' 34823 3018 36 or or CC 34823 3018 37 " " `` 34823 3018 38 static static JJ 34823 3018 39 " " '' 34823 3018 40 or or CC 34823 3018 41 " " `` 34823 3018 42 long long JJ 34823 3018 43 run run NN 34823 3018 44 " " '' 34823 3018 45 law law NN 34823 3018 46 , , , 34823 3018 47 not not RB 34823 3018 48 subject subject JJ 34823 3018 49 to to IN 34823 3018 50 considerations consideration NNS 34823 3018 51 of of IN 34823 3018 52 this this DT 34823 3018 53 sort sort NN 34823 3018 54 . . . 34823 3019 1 It -PRON- PRP 34823 3019 2 is be VBZ 34823 3019 3 scarcely scarcely RB 34823 3019 4 open open JJ 34823 3019 5 to to IN 34823 3019 6 Fisher Fisher NNP 34823 3019 7 to to TO 34823 3019 8 defend defend VB 34823 3019 9 himself -PRON- PRP 34823 3019 10 this this DT 34823 3019 11 way way NN 34823 3019 12 , , , 34823 3019 13 because because IN 34823 3019 14 of of IN 34823 3019 15 his -PRON- PRP$ 34823 3019 16 exceedingly exceedingly RB 34823 3019 17 uncompromising uncompromising JJ 34823 3019 18 statement statement NN 34823 3019 19 regarding regard VBG 34823 3019 20 even even RB 34823 3019 21 " " `` 34823 3019 22 transitional transitional JJ 34823 3019 23 " " '' 34823 3019 24 relations relation NNS 34823 3019 25 between between IN 34823 3019 26 volume volume NN 34823 3019 27 of of IN 34823 3019 28 trade trade NN 34823 3019 29 and and CC 34823 3019 30 money money NN 34823 3019 31 and and CC 34823 3019 32 credit credit NN 34823 3019 33 . . . 34823 3020 1 I -PRON- PRP 34823 3020 2 shall shall MD 34823 3020 3 not not RB 34823 3020 4 reply reply VB 34823 3020 5 to to IN 34823 3020 6 anyone anyone NN 34823 3020 7 who who WP 34823 3020 8 offers offer VBZ 34823 3020 9 such such PDT 34823 3020 10 an an DT 34823 3020 11 objection objection NN 34823 3020 12 by by IN 34823 3020 13 a a DT 34823 3020 14 general general JJ 34823 3020 15 tirade tirade NN 34823 3020 16 against against IN 34823 3020 17 " " `` 34823 3020 18 static static JJ 34823 3020 19 economics economic NNS 34823 3020 20 . . . 34823 3020 21 " " '' 34823 3021 1 I -PRON- PRP 34823 3021 2 believe believe VBP 34823 3021 3 thoroughly thoroughly RB 34823 3021 4 in in IN 34823 3021 5 the the DT 34823 3021 6 method method NN 34823 3021 7 of of IN 34823 3021 8 economic economic JJ 34823 3021 9 abstraction abstraction NN 34823 3021 10 , , , 34823 3021 11 and and CC 34823 3021 12 in in IN 34823 3021 13 reaching reach VBG 34823 3021 14 general general JJ 34823 3021 15 principles principle NNS 34823 3021 16 by by IN 34823 3021 17 ignoring ignore VBG 34823 3021 18 , , , 34823 3021 19 provisionally provisionally RB 34823 3021 20 , , , 34823 3021 21 in in IN 34823 3021 22 thought thought NN 34823 3021 23 the the DT 34823 3021 24 " " `` 34823 3021 25 friction friction NN 34823 3021 26 " " '' 34823 3021 27 and and CC 34823 3021 28 " " `` 34823 3021 29 disturbing disturbing JJ 34823 3021 30 tendencies tendency NNS 34823 3021 31 " " '' 34823 3021 32 which which WDT 34823 3021 33 often often RB 34823 3021 34 make make VBP 34823 3021 35 the the DT 34823 3021 36 first first JJ 34823 3021 37 approximations approximation NNS 34823 3021 38 look look VBP 34823 3021 39 somewhat somewhat RB 34823 3021 40 unreal unreal JJ 34823 3021 41 . . . 34823 3022 1 But but CC 34823 3022 2 I -PRON- PRP 34823 3022 3 raise raise VBP 34823 3022 4 this this DT 34823 3022 5 question question NN 34823 3022 6 : : : 34823 3022 7 to to IN 34823 3022 8 what what WDT 34823 3022 9 feature feature NN 34823 3022 10 of of IN 34823 3022 11 our -PRON- PRP$ 34823 3022 12 economic economic JJ 34823 3022 13 order order NN 34823 3022 14 do do VBP 34823 3022 15 we -PRON- PRP 34823 3022 16 chiefly chiefly RB 34823 3022 17 owe owe VB 34823 3022 18 it -PRON- PRP 34823 3022 19 that that IN 34823 3022 20 we -PRON- PRP 34823 3022 21 can can MD 34823 3022 22 make make VB 34823 3022 23 such such JJ 34823 3022 24 abstractions abstraction NNS 34823 3022 25 ? ? . 34823 3023 1 By by IN 34823 3023 2 virtue virtue NN 34823 3023 3 of of IN 34823 3023 4 what what WP 34823 3023 5 does do VBZ 34823 3023 6 friction friction NN 34823 3023 7 disappear disappear VB 34823 3023 8 ? ? . 34823 3024 1 What what WP 34823 3024 2 is be VBZ 34823 3024 3 it -PRON- PRP 34823 3024 4 that that WDT 34823 3024 5 makes make VBZ 34823 3024 6 our -PRON- PRP$ 34823 3024 7 abstract abstract JJ 34823 3024 8 picture picture NN 34823 3024 9 of of IN 34823 3024 10 economic economic JJ 34823 3024 11 life life NN 34823 3024 12 , , , 34823 3024 13 as as IN 34823 3024 14 a a DT 34823 3024 15 fluid fluid JJ 34823 3024 16 equilibrium equilibrium NN 34823 3024 17 , , , 34823 3024 18 with with IN 34823 3024 19 its -PRON- PRP$ 34823 3024 20 nice nice JJ 34823 3024 21 marginal marginal JJ 34823 3024 22 adjustments adjustment NNS 34823 3024 23 , , , 34823 3024 24 its -PRON- PRP$ 34823 3024 25 timeless timeless NN 34823 3024 26 logical logical JJ 34823 3024 27 relations relation NNS 34823 3024 28 , , , 34823 3024 29 correspond correspond VBP 34823 3024 30 as as RB 34823 3024 31 closely closely RB 34823 3024 32 as as IN 34823 3024 33 it -PRON- PRP 34823 3024 34 does do VBZ 34823 3024 35 to to IN 34823 3024 36 reality reality NN 34823 3024 37 ? ? . 34823 3025 1 The the DT 34823 3025 2 answer answer NN 34823 3025 3 is be VBZ 34823 3025 4 : : : 34823 3025 5 MONEY money NN 34823 3025 6 and and CC 34823 3025 7 CREDIT credit NN 34823 3025 8 . . . 34823 3026 1 [ [ -LRB- 34823 3026 2 297 297 CD 34823 3026 3 ] ] -RRB- 34823 3026 4 It -PRON- PRP 34823 3026 5 is be VBZ 34823 3026 6 the the DT 34823 3026 7 _ _ NNP 34823 3026 8 business business NN 34823 3026 9 _ _ NNP 34823 3026 10 , , , 34823 3026 11 the the DT 34823 3026 12 _ _ NNP 34823 3026 13 function function NN 34823 3026 14 _ _ NNP 34823 3026 15 , , , 34823 3026 16 of of IN 34823 3026 17 money money NN 34823 3026 18 and and CC 34823 3026 19 credit credit NN 34823 3026 20 , , , 34823 3026 21 as as IN 34823 3026 22 instruments instrument NNS 34823 3026 23 of of IN 34823 3026 24 exchange exchange NN 34823 3026 25 , , , 34823 3026 26 to to TO 34823 3026 27 bring bring VB 34823 3026 28 about about RP 34823 3026 29 the the DT 34823 3026 30 fluid fluid JJ 34823 3026 31 market market NN 34823 3026 32 , , , 34823 3026 33 to to TO 34823 3026 34 overcome overcome VB 34823 3026 35 friction friction NN 34823 3026 36 , , , 34823 3026 37 to to TO 34823 3026 38 effect effect VB 34823 3026 39 rapid rapid JJ 34823 3026 40 readjustments readjustment NNS 34823 3026 41 , , , 34823 3026 42 to to TO 34823 3026 43 give give VB 34823 3026 44 verisimilitude verisimilitude NN 34823 3026 45 to to IN 34823 3026 46 the the DT 34823 3026 47 static static JJ 34823 3026 48 theory theory NN 34823 3026 49 , , , 34823 3026 50 to to TO 34823 3026 51 make make VB 34823 3026 52 the the DT 34823 3026 53 assumptions assumption NNS 34823 3026 54 of of IN 34823 3026 55 the the DT 34823 3026 56 static static JJ 34823 3026 57 theory theory NN 34823 3026 58 come come VB 34823 3026 59 true true JJ 34823 3026 60 . . . 34823 3027 1 Where where WRB 34823 3027 2 exchange exchange NN 34823 3027 3 is be VBZ 34823 3027 4 easy easy JJ 34823 3027 5 and and CC 34823 3027 6 friction friction NN 34823 3027 7 slight slight NN 34823 3027 8 , , , 34823 3027 9 there there EX 34823 3027 10 will will MD 34823 3027 11 not not RB 34823 3027 12 be be VB 34823 3027 13 two two CD 34823 3027 14 prices price NNS 34823 3027 15 for for IN 34823 3027 16 the the DT 34823 3027 17 same same JJ 34823 3027 18 good good NN 34823 3027 19 in in IN 34823 3027 20 the the DT 34823 3027 21 same same JJ 34823 3027 22 market market NN 34823 3027 23 . . . 34823 3028 1 Speculators speculator NNS 34823 3028 2 , , , 34823 3028 3 seeking seek VBG 34823 3028 4 profits profit NNS 34823 3028 5 of of IN 34823 3028 6 fractions fraction NNS 34823 3028 7 of of IN 34823 3028 8 a a DT 34823 3028 9 point point NN 34823 3028 10 , , , 34823 3028 11 will will MD 34823 3028 12 prevent prevent VB 34823 3028 13 that that DT 34823 3028 14 . . . 34823 3029 1 By by IN 34823 3029 2 multiplying multiply VBG 34823 3029 3 exchanges exchange NNS 34823 3029 4 , , , 34823 3029 5 they -PRON- PRP 34823 3029 6 will will MD 34823 3029 7 level level VB 34823 3029 8 off off RP 34823 3029 9 values value NNS 34823 3029 10 and and CC 34823 3029 11 prices price NNS 34823 3029 12 . . . 34823 3030 1 Because because IN 34823 3030 2 money money NN 34823 3030 3 and and CC 34823 3030 4 credit credit NN 34823 3030 5 have have VBP 34823 3030 6 done do VBN 34823 3030 7 their -PRON- PRP$ 34823 3030 8 work work NN 34823 3030 9 so so RB 34823 3030 10 thoroughly thoroughly RB 34823 3030 11 in in IN 34823 3030 12 the the DT 34823 3030 13 " " `` 34823 3030 14 great great JJ 34823 3030 15 market market NN 34823 3030 16 , , , 34823 3030 17 " " '' 34823 3030 18 it -PRON- PRP 34823 3030 19 is be VBZ 34823 3030 20 possible possible JJ 34823 3030 21 for for IN 34823 3030 22 men man NNS 34823 3030 23 to to TO 34823 3030 24 talk talk VB 34823 3030 25 about about IN 34823 3030 26 static static JJ 34823 3030 27 theory theory NN 34823 3030 28 , , , 34823 3030 29 and and CC 34823 3030 30 to to TO 34823 3030 31 work work VB 34823 3030 32 out out RP 34823 3030 33 economic economic JJ 34823 3030 34 laws law NNS 34823 3030 35 in in IN 34823 3030 36 abstraction abstraction NN 34823 3030 37 from from IN 34823 3030 38 friction friction NN 34823 3030 39 , , , 34823 3030 40 transitions transition NNS 34823 3030 41 , , , 34823 3030 42 and and CC 34823 3030 43 the the DT 34823 3030 44 like like JJ 34823 3030 45 . . . 34823 3031 1 In in IN 34823 3031 2 the the DT 34823 3031 3 static static JJ 34823 3031 4 state state NN 34823 3031 5 , , , 34823 3031 6 all all DT 34823 3031 7 speculation speculation NN 34823 3031 8 is be VBZ 34823 3031 9 banished banish VBN 34823 3031 10 . . . 34823 3032 1 There there EX 34823 3032 2 are be VBP 34823 3032 3 no no DT 34823 3032 4 price price NN 34823 3032 5 - - HYPH 34823 3032 6 fluctuations fluctuation NNS 34823 3032 7 to to TO 34823 3032 8 be be VB 34823 3032 9 smoothed smooth VBN 34823 3032 10 out out RP 34823 3032 11 , , , 34823 3032 12 no no DT 34823 3032 13 new new JJ 34823 3032 14 prospects prospect NNS 34823 3032 15 to to TO 34823 3032 16 be be VB 34823 3032 17 " " `` 34823 3032 18 discounted discount VBN 34823 3032 19 , , , 34823 3032 20 " " '' 34823 3032 21 no no DT 34823 3032 22 uncertainties uncertainty NNS 34823 3032 23 to to TO 34823 3032 24 be be VB 34823 3032 25 guarded guard VBN 34823 3032 26 against against IN 34823 3032 27 by by IN 34823 3032 28 " " `` 34823 3032 29 hedging hedging NN 34823 3032 30 . . . 34823 3032 31 " " '' 34823 3033 1 Seasonal seasonal JJ 34823 3033 2 goods good NNS 34823 3033 3 will will MD 34823 3033 4 , , , 34823 3033 5 of of IN 34823 3033 6 course course NN 34823 3033 7 , , , 34823 3033 8 have have VBP 34823 3033 9 to to TO 34823 3033 10 be be VB 34823 3033 11 carried carry VBN 34823 3033 12 over over RP 34823 3033 13 from from IN 34823 3033 14 one one CD 34823 3033 15 season season NN 34823 3033 16 to to IN 34823 3033 17 the the DT 34823 3033 18 next next JJ 34823 3033 19 , , , 34823 3033 20 but but CC 34823 3033 21 this this DT 34823 3033 22 will will MD 34823 3033 23 involve involve VB 34823 3033 24 merely merely RB 34823 3033 25 warehousing warehouse VBG 34823 3033 26 and and CC 34823 3033 27 the the DT 34823 3033 28 use use NN 34823 3033 29 of of IN 34823 3033 30 capital--"time capital--"time NN 34823 3033 31 speculation speculation NN 34823 3033 32 , , , 34823 3033 33 " " '' 34823 3033 34 involving involve VBG 34823 3033 35 many many JJ 34823 3033 36 sales sale NNS 34823 3033 37 , , , 34823 3033 38 does do VBZ 34823 3033 39 not not RB 34823 3033 40 come come VB 34823 3033 41 in in RP 34823 3033 42 . . . 34823 3034 1 One one CD 34823 3034 2 sale sale NN 34823 3034 3 to to IN 34823 3034 4 the the DT 34823 3034 5 capitalist capitalist NN 34823 3034 6 who who WP 34823 3034 7 carries carry VBZ 34823 3034 8 the the DT 34823 3034 9 seasonal seasonal JJ 34823 3034 10 goods good NNS 34823 3034 11 , , , 34823 3034 12 with with IN 34823 3034 13 a a DT 34823 3034 14 sale sale NN 34823 3034 15 by by IN 34823 3034 16 him -PRON- PRP 34823 3034 17 to to IN 34823 3034 18 the the DT 34823 3034 19 man man NN 34823 3034 20 who who WP 34823 3034 21 means mean VBZ 34823 3034 22 to to TO 34823 3034 23 use use VB 34823 3034 24 them -PRON- PRP 34823 3034 25 , , , 34823 3034 26 will will MD 34823 3034 27 suffice suffice VB 34823 3034 28 . . . 34823 3035 1 It -PRON- PRP 34823 3035 2 has have VBZ 34823 3035 3 been be VBN 34823 3035 4 shown show VBN 34823 3035 5 before before IN 34823 3035 6 that that DT 34823 3035 7 the the DT 34823 3035 8 great great JJ 34823 3035 9 bulk bulk NN 34823 3035 10 of of IN 34823 3035 11 trade trade NN 34823 3035 12 is be VBZ 34823 3035 13 speculation speculation NN 34823 3035 14 . . . 34823 3036 1 But but CC 34823 3036 2 speculation speculation NN 34823 3036 3 is be VBZ 34823 3036 4 banished banish VBN 34823 3036 5 from from IN 34823 3036 6 the the DT 34823 3036 7 static static JJ 34823 3036 8 state state NN 34823 3036 9 . . . 34823 3037 1 Speculation speculation NN 34823 3037 2 is be VBZ 34823 3037 3 a a DT 34823 3037 4 function function NN 34823 3037 5 of of IN 34823 3037 6 dynamic dynamic JJ 34823 3037 7 change change NN 34823 3037 8 , , , 34823 3037 9 waxing wax VBG 34823 3037 10 and and CC 34823 3037 11 waning wane VBG 34823 3037 12 with with IN 34823 3037 13 the the DT 34823 3037 14 degree degree NN 34823 3037 15 of of IN 34823 3037 16 uncertainty uncertainty NN 34823 3037 17 that that WDT 34823 3037 18 exists exist VBZ 34823 3037 19 , , , 34823 3037 20 the the DT 34823 3037 21 new new JJ 34823 3037 22 conditions condition NNS 34823 3037 23 to to TO 34823 3037 24 which which WDT 34823 3037 25 readjustments readjustment NNS 34823 3037 26 have have VBP 34823 3037 27 to to TO 34823 3037 28 be be VB 34823 3037 29 made make VBN 34823 3037 30 , , , 34823 3037 31 the the DT 34823 3037 32 " " `` 34823 3037 33 transitions transition NNS 34823 3037 34 " " '' 34823 3037 35 that that WDT 34823 3037 36 have have VBP 34823 3037 37 to to TO 34823 3037 38 be be VB 34823 3037 39 effected effect VBN 34823 3037 40 . . . 34823 3038 1 In in IN 34823 3038 2 other other JJ 34823 3038 3 words word NNS 34823 3038 4 , , , 34823 3038 5 the the DT 34823 3038 6 laws law NNS 34823 3038 7 governing govern VBG 34823 3038 8 the the DT 34823 3038 9 volume volume NN 34823 3038 10 of of IN 34823 3038 11 trade trade NN 34823 3038 12 are be VBP 34823 3038 13 dynamic dynamic JJ 34823 3038 14 laws law NNS 34823 3038 15 , , , 34823 3038 16 laws law NNS 34823 3038 17 of of IN 34823 3038 18 " " `` 34823 3038 19 transition transition NN 34823 3038 20 periods period NNS 34823 3038 21 , , , 34823 3038 22 " " '' 34823 3038 23 and and CC 34823 3038 24 so so RB 34823 3038 25 the the DT 34823 3038 26 whole whole JJ 34823 3038 27 notion notion NN 34823 3038 28 which which WDT 34823 3038 29 underlies underlie VBZ 34823 3038 30 the the DT 34823 3038 31 quantity quantity NN 34823 3038 32 theory theory NN 34823 3038 33 , , , 34823 3038 34 of of IN 34823 3038 35 " " `` 34823 3038 36 normal normal JJ 34823 3038 37 periods period NNS 34823 3038 38 , , , 34823 3038 39 " " `` 34823 3038 40 " " `` 34823 3038 41 static static JJ 34823 3038 42 " " '' 34823 3038 43 relations relation NNS 34823 3038 44 , , , 34823 3038 45 etc etc FW 34823 3038 46 . . FW 34823 3038 47 , , , 34823 3038 48 is be VBZ 34823 3038 49 here here RB 34823 3038 50 irrelevant irrelevant JJ 34823 3038 51 . . . 34823 3039 1 Volume volume NN 34823 3039 2 of of IN 34823 3039 3 _ _ NNP 34823 3039 4 trade trade NN 34823 3039 5 _ _ NNP 34823 3039 6 , , , 34823 3039 7 as as IN 34823 3039 8 distinguished distinguish VBN 34823 3039 9 from from IN 34823 3039 10 volume volume NN 34823 3039 11 of of IN 34823 3039 12 _ _ NNP 34823 3039 13 production production NN 34823 3039 14 _ _ NNP 34823 3039 15 , , , 34823 3039 16 is be VBZ 34823 3039 17 controlled control VBN 34823 3039 18 by by IN 34823 3039 19 the the DT 34823 3039 20 number number NN 34823 3039 21 and and CC 34823 3039 22 extent extent NN 34823 3039 23 of of IN 34823 3039 24 the the DT 34823 3039 25 " " `` 34823 3039 26 transitions transition NNS 34823 3039 27 " " '' 34823 3039 28 that that WDT 34823 3039 29 have have VBP 34823 3039 30 to to TO 34823 3039 31 be be VB 34823 3039 32 made make VBN 34823 3039 33 . . . 34823 3040 1 The the DT 34823 3040 2 chief chief JJ 34823 3040 3 work work NN 34823 3040 4 of of IN 34823 3040 5 money money NN 34823 3040 6 and and CC 34823 3040 7 credit credit NN 34823 3040 8 is be VBZ 34823 3040 9 done do VBN 34823 3040 10 _ _ NNP 34823 3040 11 in in IN 34823 3040 12 _ _ NNP 34823 3040 13 , , , 34823 3040 14 and and CC 34823 3040 15 _ _ NNP 34823 3040 16 because because IN 34823 3040 17 of of IN 34823 3040 18 _ _ NNP 34823 3040 19 , , , 34823 3040 20 " " '' 34823 3040 21 transition transition NN 34823 3040 22 periods period NNS 34823 3040 23 . . . 34823 3040 24 " " '' 34823 3041 1 Assume assume VB 34823 3041 2 a a DT 34823 3041 3 normal normal JJ 34823 3041 4 equilibrium equilibrium NN 34823 3041 5 accomplished accomplish VBN 34823 3041 6 , , , 34823 3041 7 and and CC 34823 3041 8 you -PRON- PRP 34823 3041 9 have have VBP 34823 3041 10 little little JJ 34823 3041 11 trading trading NN 34823 3041 12 left leave VBN 34823 3041 13 to to TO 34823 3041 14 do do VB 34823 3041 15 . . . 34823 3042 1 It -PRON- PRP 34823 3042 2 will will MD 34823 3042 3 still still RB 34823 3042 4 be be VB 34823 3042 5 necessary necessary JJ 34823 3042 6 , , , 34823 3042 7 if if IN 34823 3042 8 you -PRON- PRP 34823 3042 9 have have VBP 34823 3042 10 the the DT 34823 3042 11 division division NN 34823 3042 12 of of IN 34823 3042 13 labor labor NN 34823 3042 14 , , , 34823 3042 15 and and CC 34823 3042 16 private private JJ 34823 3042 17 enterprise enterprise NN 34823 3042 18 , , , 34823 3042 19 for for IN 34823 3042 20 goods good NNS 34823 3042 21 to to TO 34823 3042 22 pass pass VB 34823 3042 23 through through RP 34823 3042 24 as as RB 34823 3042 25 many many JJ 34823 3042 26 different different JJ 34823 3042 27 hands hand NNS 34823 3042 28 as as IN 34823 3042 29 there there EX 34823 3042 30 are be VBP 34823 3042 31 different different JJ 34823 3042 32 independent independent JJ 34823 3042 33 enterprisers enterpriser NNS 34823 3042 34 in in IN 34823 3042 35 the the DT 34823 3042 36 stages stage NNS 34823 3042 37 of of IN 34823 3042 38 production production NN 34823 3042 39 , , , 34823 3042 40 and and CC 34823 3042 41 on on RB 34823 3042 42 , , , 34823 3042 43 through through IN 34823 3042 44 merchants merchant NNS 34823 3042 45 , , , 34823 3042 46 to to IN 34823 3042 47 the the DT 34823 3042 48 consumer consumer NN 34823 3042 49 . . . 34823 3043 1 It -PRON- PRP 34823 3043 2 will will MD 34823 3043 3 still still RB 34823 3043 4 be be VB 34823 3043 5 necessary necessary JJ 34823 3043 6 to to TO 34823 3043 7 pay pay VB 34823 3043 8 wages wage NNS 34823 3043 9 , , , 34823 3043 10 rents rent NNS 34823 3043 11 , , , 34823 3043 12 dividends dividend NNS 34823 3043 13 and and CC 34823 3043 14 interest interest NN 34823 3043 15 . . . 34823 3044 1 But but CC 34823 3044 2 there there EX 34823 3044 3 will will MD 34823 3044 4 be be VB 34823 3044 5 no no DT 34823 3044 6 selling selling NN 34823 3044 7 of of IN 34823 3044 8 lands land NNS 34823 3044 9 , , , 34823 3044 10 of of IN 34823 3044 11 houses house NNS 34823 3044 12 , , , 34823 3044 13 of of IN 34823 3044 14 factories factory NNS 34823 3044 15 , , , 34823 3044 16 of of IN 34823 3044 17 railroads railroad NNS 34823 3044 18 , , , 34823 3044 19 or or CC 34823 3044 20 of of IN 34823 3044 21 securities security NNS 34823 3044 22 representing represent VBG 34823 3044 23 these these DT 34823 3044 24 . . . 34823 3045 1 By by IN 34823 3045 2 hypothesis hypothesis NN 34823 3045 3 these these DT 34823 3045 4 are be VBP 34823 3045 5 already already RB 34823 3045 6 in in IN 34823 3045 7 the the DT 34823 3045 8 hands hand NNS 34823 3045 9 best well RBS 34823 3045 10 qualified qualify VBD 34823 3045 11 to to TO 34823 3045 12 hold hold VB 34823 3045 13 them -PRON- PRP 34823 3045 14 . . . 34823 3046 1 The the DT 34823 3046 2 " " `` 34823 3046 3 static static JJ 34823 3046 4 equilibrium equilibrium NN 34823 3046 5 " " '' 34823 3046 6 presents present NNS 34823 3046 7 " " '' 34823 3046 8 mobility mobility NN 34823 3046 9 without without IN 34823 3046 10 motion motion NN 34823 3046 11 , , , 34823 3046 12 fluidity fluidity NN 34823 3046 13 without without IN 34823 3046 14 flow flow NN 34823 3046 15 . . . 34823 3047 1 " " `` 34823 3047 2 [ [ -LRB- 34823 3047 3 298 298 CD 34823 3047 4 ] ] -RRB- 34823 3047 5 The the DT 34823 3047 6 static static JJ 34823 3047 7 picture picture NN 34823 3047 8 is be VBZ 34823 3047 9 a a DT 34823 3047 10 picture picture NN 34823 3047 11 of of IN 34823 3047 12 completed complete VBN 34823 3047 13 adjustment adjustment NN 34823 3047 14 , , , 34823 3047 15 where where WRB 34823 3047 16 no no DT 34823 3047 17 one one NN 34823 3047 18 has have VBZ 34823 3047 19 an an DT 34823 3047 20 incentive incentive NN 34823 3047 21 to to TO 34823 3047 22 change change VB 34823 3047 23 his -PRON- PRP$ 34823 3047 24 work work NN 34823 3047 25 , , , 34823 3047 26 or or CC 34823 3047 27 his -PRON- PRP$ 34823 3047 28 investments investment NNS 34823 3047 29 , , , 34823 3047 30 because because IN 34823 3047 31 he -PRON- PRP 34823 3047 32 has have VBZ 34823 3047 33 already already RB 34823 3047 34 done do VBN 34823 3047 35 the the DT 34823 3047 36 best good JJS 34823 3047 37 that that IN 34823 3047 38 he -PRON- PRP 34823 3047 39 can can MD 34823 3047 40 for for IN 34823 3047 41 himself -PRON- PRP 34823 3047 42 . . . 34823 3048 1 It -PRON- PRP 34823 3048 2 is be VBZ 34823 3048 3 , , , 34823 3048 4 therefore therefore RB 34823 3048 5 , , , 34823 3048 6 a a DT 34823 3048 7 picture picture NN 34823 3048 8 of of IN 34823 3048 9 a a DT 34823 3048 10 situation situation NN 34823 3048 11 where where WRB 34823 3048 12 there there EX 34823 3048 13 is be VBZ 34823 3048 14 little little JJ 34823 3048 15 incentive incentive NN 34823 3048 16 for for IN 34823 3048 17 those those DT 34823 3048 18 exchanges exchange NNS 34823 3048 19 which which WDT 34823 3048 20 make make VBP 34823 3048 21 up up RP 34823 3048 22 the the DT 34823 3048 23 great great JJ 34823 3048 24 bulk bulk NN 34823 3048 25 of of IN 34823 3048 26 the the DT 34823 3048 27 volume volume NN 34823 3048 28 of of IN 34823 3048 29 trade trade NN 34823 3048 30 in in IN 34823 3048 31 real real JJ 34823 3048 32 life life NN 34823 3048 33 . . . 34823 3049 1 Hence hence RB 34823 3049 2 the the DT 34823 3049 3 curious curious JJ 34823 3049 4 phenomenon phenomenon NN 34823 3049 5 that that IN 34823 3049 6 very very RB 34823 3049 7 much much JJ 34823 3049 8 of of IN 34823 3049 9 static static JJ 34823 3049 10 theory theory NN 34823 3049 11 has have VBZ 34823 3049 12 been be VBN 34823 3049 13 developed develop VBN 34823 3049 14 in in IN 34823 3049 15 abstraction abstraction NN 34823 3049 16 from from IN 34823 3049 17 _ _ NNP 34823 3049 18 money money NN 34823 3049 19 _ _ NNP 34823 3049 20 and and CC 34823 3049 21 _ _ NNP 34823 3049 22 credit credit NN 34823 3049 23 _ _ NNP 34823 3049 24 . . . 34823 3050 1 Mill Mill NNP 34823 3050 2 's 's POS 34823 3050 3 theory theory NN 34823 3050 4 of of IN 34823 3050 5 international international JJ 34823 3050 6 values value NNS 34823 3050 7 , , , 34823 3050 8 for for IN 34823 3050 9 example example NN 34823 3050 10 , , , 34823 3050 11 abstracts abstract NNS 34823 3050 12 from from IN 34823 3050 13 money money NN 34823 3050 14 . . . 34823 3051 1 " " `` 34823 3051 2 Since since IN 34823 3051 3 all all DT 34823 3051 4 trade trade NN 34823 3051 5 is be VBZ 34823 3051 6 in in IN 34823 3051 7 reality reality NN 34823 3051 8 barter barter NN 34823 3051 9 , , , 34823 3051 10 money money NN 34823 3051 11 being be VBG 34823 3051 12 a a DT 34823 3051 13 mere mere JJ 34823 3051 14 instrument instrument NN 34823 3051 15 for for IN 34823 3051 16 exchanging exchange VBG 34823 3051 17 things thing NNS 34823 3051 18 against against IN 34823 3051 19 one one CD 34823 3051 20 another another DT 34823 3051 21 , , , 34823 3051 22 we -PRON- PRP 34823 3051 23 will will MD 34823 3051 24 , , , 34823 3051 25 for for IN 34823 3051 26 simplicity simplicity NN 34823 3051 27 , , , 34823 3051 28 begin begin VB 34823 3051 29 by by IN 34823 3051 30 supposing suppose VBG 34823 3051 31 the the DT 34823 3051 32 international international JJ 34823 3051 33 trade trade NN 34823 3051 34 to to TO 34823 3051 35 be be VB 34823 3051 36 in in IN 34823 3051 37 form form NN 34823 3051 38 , , , 34823 3051 39 what what WP 34823 3051 40 it -PRON- PRP 34823 3051 41 is be VBZ 34823 3051 42 in in IN 34823 3051 43 reality reality NN 34823 3051 44 , , , 34823 3051 45 an an DT 34823 3051 46 actual actual JJ 34823 3051 47 trucking trucking NN 34823 3051 48 of of IN 34823 3051 49 one one CD 34823 3051 50 commodity commodity NN 34823 3051 51 against against IN 34823 3051 52 another another DT 34823 3051 53 . . . 34823 3052 1 So so RB 34823 3052 2 far far RB 34823 3052 3 as as IN 34823 3052 4 we -PRON- PRP 34823 3052 5 have have VBP 34823 3052 6 hitherto hitherto VBN 34823 3052 7 proceeded proceed VBN 34823 3052 8 , , , 34823 3052 9 we -PRON- PRP 34823 3052 10 have have VBP 34823 3052 11 found find VBN 34823 3052 12 the the DT 34823 3052 13 laws law NNS 34823 3052 14 of of IN 34823 3052 15 interchange interchange NN 34823 3052 16 to to TO 34823 3052 17 be be VB 34823 3052 18 essentially essentially RB 34823 3052 19 the the DT 34823 3052 20 same same JJ 34823 3052 21 , , , 34823 3052 22 whether whether IN 34823 3052 23 money money NN 34823 3052 24 is be VBZ 34823 3052 25 used use VBN 34823 3052 26 or or CC 34823 3052 27 not not RB 34823 3052 28 ; ; : 34823 3052 29 money money NN 34823 3052 30 never never RB 34823 3052 31 governing govern VBG 34823 3052 32 , , , 34823 3052 33 but but CC 34823 3052 34 always always RB 34823 3052 35 obeying obey VBG 34823 3052 36 , , , 34823 3052 37 those those DT 34823 3052 38 general general JJ 34823 3052 39 laws law NNS 34823 3052 40 . . . 34823 3053 1 " " `` 34823 3053 2 [ [ -LRB- 34823 3053 3 299 299 CD 34823 3053 4 ] ] -RRB- 34823 3053 5 Other other JJ 34823 3053 6 writers writer NNS 34823 3053 7 have have VBP 34823 3053 8 similarly similarly RB 34823 3053 9 held hold VBN 34823 3053 10 that that IN 34823 3053 11 money money NN 34823 3053 12 is be VBZ 34823 3053 13 a a DT 34823 3053 14 mere mere JJ 34823 3053 15 cloak cloak NN 34823 3053 16 , , , 34823 3053 17 covering cover VBG 34823 3053 18 up up RP 34823 3053 19 the the DT 34823 3053 20 reality reality NN 34823 3053 21 of of IN 34823 3053 22 the the DT 34823 3053 23 economic economic JJ 34823 3053 24 process process NN 34823 3053 25 . . . 34823 3054 1 Schumpeter Schumpeter NNP 34823 3054 2 , , , 34823 3054 3 for for IN 34823 3054 4 example example NN 34823 3054 5 , , , 34823 3054 6 holds hold VBZ 34823 3054 7 that that IN 34823 3054 8 money money NN 34823 3054 9 is be VBZ 34823 3054 10 , , , 34823 3054 11 in in IN 34823 3054 12 the the DT 34823 3054 13 static static JJ 34823 3054 14 analysis analysis NN 34823 3054 15 , , , 34823 3054 16 merely merely RB 34823 3054 17 a a DT 34823 3054 18 " " `` 34823 3054 19 Schleier schlei JJR 34823 3054 20 , , , 34823 3054 21 " " '' 34823 3054 22 and and CC 34823 3054 23 that that IN 34823 3054 24 " " `` 34823 3054 25 man man NN 34823 3054 26 nichts nicht NNS 34823 3054 27 Wesentliches Wesentliches NNP 34823 3054 28 übersicht übersicht NNP 34823 3054 29 , , , 34823 3054 30 wenn wenn NNP 34823 3054 31 man man NNP 34823 3054 32 davon davon NNP 34823 3054 33 abstrahiert abstrahiert NN 34823 3054 34 . . . 34823 3055 1 " " `` 34823 3055 2 [ [ -LRB- 34823 3055 3 300 300 CD 34823 3055 4 ] ] -RRB- 34823 3055 5 _ _ NNP 34823 3055 6 On on IN 34823 3055 7 the the DT 34823 3055 8 static static JJ 34823 3055 9 assumptions assumption NNS 34823 3055 10 _ _ NNP 34823 3055 11 , , , 34823 3055 12 of of IN 34823 3055 13 the the DT 34823 3055 14 fluid fluid JJ 34823 3055 15 market market NN 34823 3055 16 , , , 34823 3055 17 with with IN 34823 3055 18 friction friction NN 34823 3055 19 , , , 34823 3055 20 etc etc FW 34823 3055 21 . . NN 34823 3055 22 , , , 34823 3055 23 banished banish VBD 34823 3055 24 , , , 34823 3055 25 money money NN 34823 3055 26 is be VBZ 34823 3055 27 , , , 34823 3055 28 indeed indeed RB 34823 3055 29 , , , 34823 3055 30 anomalous anomalous JJ 34823 3055 31 and and CC 34823 3055 32 inexplicable inexplicable JJ 34823 3055 33 . . . 34823 3056 1 It -PRON- PRP 34823 3056 2 is be VBZ 34823 3056 3 a a DT 34823 3056 4 cloak cloak NN 34823 3056 5 , , , 34823 3056 6 a a DT 34823 3056 7 complication complication NN 34823 3056 8 , , , 34823 3056 9 a a DT 34823 3056 10 vexatious vexatious JJ 34823 3056 11 " " `` 34823 3056 12 epi epi JJ 34823 3056 13 - - NN 34823 3056 14 phenomenon phenomenon NN 34823 3056 15 . . . 34823 3056 16 " " '' 34823 3057 1 There there EX 34823 3057 2 is be VBZ 34823 3057 3 nothing nothing NN 34823 3057 4 for for IN 34823 3057 5 it -PRON- PRP 34823 3057 6 to to TO 34823 3057 7 do do VB 34823 3057 8 , , , 34823 3057 9 and and CC 34823 3057 10 there there EX 34823 3057 11 can can MD 34823 3057 12 be be VB 34823 3057 13 , , , 34823 3057 14 consequently consequently RB 34823 3057 15 , , , 34823 3057 16 no no DT 34823 3057 17 " " `` 34823 3057 18 functional functional JJ 34823 3057 19 theory theory NN 34823 3057 20 " " '' 34823 3057 21 developed develop VBN 34823 3057 22 for for IN 34823 3057 23 it -PRON- PRP 34823 3057 24 . . . 34823 3058 1 Static static JJ 34823 3058 2 theory theory NN 34823 3058 3 may may MD 34823 3058 4 be be VB 34823 3058 5 ungracious ungracious JJ 34823 3058 6 in in IN 34823 3058 7 ignoring ignore VBG 34823 3058 8 its -PRON- PRP$ 34823 3058 9 own own JJ 34823 3058 10 foundation foundation NN 34823 3058 11 . . . 34823 3059 1 But but CC 34823 3059 2 static static JJ 34823 3059 3 theory theory NN 34823 3059 4 is be VBZ 34823 3059 5 grotesque grotesque JJ 34823 3059 6 when when WRB 34823 3059 7 it -PRON- PRP 34823 3059 8 seeks seek VBZ 34823 3059 9 to to TO 34823 3059 10 support support VB 34823 3059 11 its -PRON- PRP$ 34823 3059 12 own own JJ 34823 3059 13 foundation foundation NN 34823 3059 14 ! ! . 34823 3060 1 Static static JJ 34823 3060 2 theory theory NN 34823 3060 3 is be VBZ 34823 3060 4 possible possible JJ 34823 3060 5 only only RB 34823 3060 6 on on IN 34823 3060 7 the the DT 34823 3060 8 assumption assumption NN 34823 3060 9 that that IN 34823 3060 10 the the DT 34823 3060 11 work work NN 34823 3060 12 of of IN 34823 3060 13 money money NN 34823 3060 14 and and CC 34823 3060 15 credit credit NN 34823 3060 16 has have VBZ 34823 3060 17 been be VBN 34823 3060 18 done do VBN 34823 3060 19 . . . 34823 3061 1 What what WP 34823 3061 2 , , , 34823 3061 3 then then RB 34823 3061 4 , , , 34823 3061 5 shall shall MD 34823 3061 6 we -PRON- PRP 34823 3061 7 say say VB 34823 3061 8 of of IN 34823 3061 9 static static JJ 34823 3061 10 theory theory NN 34823 3061 11 which which WDT 34823 3061 12 seeks seek VBZ 34823 3061 13 to to TO 34823 3061 14 explain explain VB 34823 3061 15 the the DT 34823 3061 16 work work NN 34823 3061 17 of of IN 34823 3061 18 money money NN 34823 3061 19 and and CC 34823 3061 20 credit credit NN 34823 3061 21 ? ? . 34823 3062 1 Yet yet RB 34823 3062 2 precisely precisely RB 34823 3062 3 this this DT 34823 3062 4 is be VBZ 34823 3062 5 what what WP 34823 3062 6 is be VBZ 34823 3062 7 undertaken undertake VBN 34823 3062 8 by by IN 34823 3062 9 the the DT 34823 3062 10 quantity quantity NN 34823 3062 11 theory theory NN 34823 3062 12 , , , 34823 3062 13 with with IN 34823 3062 14 its -PRON- PRP$ 34823 3062 15 " " `` 34823 3062 16 normal normal JJ 34823 3062 17 " " '' 34823 3062 18 or or CC 34823 3062 19 " " `` 34823 3062 20 static static JJ 34823 3062 21 " " '' 34823 3062 22 laws law NNS 34823 3062 23 of of IN 34823 3062 24 money money NN 34823 3062 25 and and CC 34823 3062 26 credit credit NN 34823 3062 27 . . . 34823 3063 1 A a DT 34823 3063 2 functional functional JJ 34823 3063 3 theory theory NN 34823 3063 4 of of IN 34823 3063 5 money money NN 34823 3063 6 and and CC 34823 3063 7 credit credit NN 34823 3063 8 must must MD 34823 3063 9 be be VB 34823 3063 10 a a DT 34823 3063 11 dynamic dynamic JJ 34823 3063 12 theory theory NN 34823 3063 13 . . . 34823 3064 1 To to TO 34823 3064 2 talk talk VB 34823 3064 3 about about IN 34823 3064 4 the the DT 34823 3064 5 laws law NNS 34823 3064 6 of of IN 34823 3064 7 money money NN 34823 3064 8 , , , 34823 3064 9 " " '' 34823 3064 10 after after IN 34823 3064 11 the the DT 34823 3064 12 transition transition NN 34823 3064 13 is be VBZ 34823 3064 14 completed complete VBN 34823 3064 15 " " `` 34823 3064 16 is be VBZ 34823 3064 17 to to TO 34823 3064 18 talk talk VB 34823 3064 19 about about IN 34823 3064 20 the the DT 34823 3064 21 work work NN 34823 3064 22 money money NN 34823 3064 23 will will MD 34823 3064 24 do do VB 34823 3064 25 after after IN 34823 3064 26 it -PRON- PRP 34823 3064 27 has have VBZ 34823 3064 28 finished finish VBN 34823 3064 29 working work VBG 34823 3064 30 . . . 34823 3065 1 For for IN 34823 3065 2 a a DT 34823 3065 3 functional functional JJ 34823 3065 4 theory theory NN 34823 3065 5 of of IN 34823 3065 6 money money NN 34823 3065 7 and and CC 34823 3065 8 credit credit NN 34823 3065 9 , , , 34823 3065 10 we -PRON- PRP 34823 3065 11 must must MD 34823 3065 12 study study VB 34823 3065 13 the the DT 34823 3065 14 obstacles obstacle NNS 34823 3065 15 that that WDT 34823 3065 16 exist exist VBP 34823 3065 17 to to TO 34823 3065 18 prevent prevent VB 34823 3065 19 the the DT 34823 3065 20 fluid fluid JJ 34823 3065 21 market market NN 34823 3065 22 . . . 34823 3066 1 We -PRON- PRP 34823 3066 2 must must MD 34823 3066 3 study study VB 34823 3066 4 friction friction NN 34823 3066 5 , , , 34823 3066 6 transitions transition NNS 34823 3066 7 , , , 34823 3066 8 dynamic dynamic JJ 34823 3066 9 phenomena phenomenon NNS 34823 3066 10 . . . 34823 3067 1 To to IN 34823 3067 2 this this DT 34823 3067 3 problem problem NN 34823 3067 4 we -PRON- PRP 34823 3067 5 shall shall MD 34823 3067 6 come come VB 34823 3067 7 in in IN 34823 3067 8 Part Part NNP 34823 3067 9 III III NNP 34823 3067 10 . . . 34823 3068 1 For for IN 34823 3068 2 the the DT 34823 3068 3 present present NN 34823 3068 4 , , , 34823 3068 5 I -PRON- PRP 34823 3068 6 am be VBP 34823 3068 7 content content JJ 34823 3068 8 to to TO 34823 3068 9 have have VB 34823 3068 10 disproved disprove VBN 34823 3068 11 the the DT 34823 3068 12 quantity quantity NN 34823 3068 13 theory theory NN 34823 3068 14 contention contention NN 34823 3068 15 that that IN 34823 3068 16 the the DT 34823 3068 17 volume volume NN 34823 3068 18 of of IN 34823 3068 19 trade trade NN 34823 3068 20 is be VBZ 34823 3068 21 independent independent JJ 34823 3068 22 of of IN 34823 3068 23 the the DT 34823 3068 24 quantity quantity NN 34823 3068 25 of of IN 34823 3068 26 money money NN 34823 3068 27 and and CC 34823 3068 28 credit credit NN 34823 3068 29 . . . 34823 3069 1 APPENDIX APPENDIX NNP 34823 3069 2 TO to IN 34823 3069 3 CHAPTER CHAPTER NNP 34823 3069 4 XIII XIII NNP 34823 3069 5 THE the DT 34823 3069 6 RELATION relation NN 34823 3069 7 OF of IN 34823 3069 8 FOREIGN foreign JJ 34823 3069 9 TO to TO 34823 3069 10 DOMESTIC domestic VB 34823 3069 11 TRADE trade NN 34823 3069 12 IN in IN 34823 3069 13 THE the DT 34823 3069 14 UNITED UNITED NNP 34823 3069 15 STATES[301 states[301 NN 34823 3069 16 ] ] -RRB- 34823 3069 17 The the DT 34823 3069 18 word word NN 34823 3069 19 , , , 34823 3069 20 " " `` 34823 3069 21 trade trade NN 34823 3069 22 , , , 34823 3069 23 " " '' 34823 3069 24 as as IN 34823 3069 25 used use VBN 34823 3069 26 in in IN 34823 3069 27 connection connection NN 34823 3069 28 with with IN 34823 3069 29 statistics statistic NNS 34823 3069 30 of of IN 34823 3069 31 foreign foreign JJ 34823 3069 32 and and CC 34823 3069 33 domestic domestic JJ 34823 3069 34 trade trade NN 34823 3069 35 has have VBZ 34823 3069 36 been be VBN 34823 3069 37 irritatingly irritatingly RB 34823 3069 38 ambiguous ambiguous JJ 34823 3069 39 . . . 34823 3070 1 Few few JJ 34823 3070 2 writers writer NNS 34823 3070 3 , , , 34823 3070 4 in in IN 34823 3070 5 speaking speak VBG 34823 3070 6 of of IN 34823 3070 7 domestic domestic JJ 34823 3070 8 trade trade NN 34823 3070 9 , , , 34823 3070 10 have have VBP 34823 3070 11 meant mean VBN 34823 3070 12 the the DT 34823 3070 13 same same JJ 34823 3070 14 thing thing NN 34823 3070 15 by by IN 34823 3070 16 trade trade NN 34823 3070 17 that that WDT 34823 3070 18 they -PRON- PRP 34823 3070 19 have have VBP 34823 3070 20 meant mean VBN 34823 3070 21 by by IN 34823 3070 22 the the DT 34823 3070 23 word word NN 34823 3070 24 when when WRB 34823 3070 25 speaking speak VBG 34823 3070 26 of of IN 34823 3070 27 foreign foreign JJ 34823 3070 28 trade trade NN 34823 3070 29 , , , 34823 3070 30 and and CC 34823 3070 31 hence hence RB 34823 3070 32 we -PRON- PRP 34823 3070 33 have have VBP 34823 3070 34 had have VBN 34823 3070 35 many many JJ 34823 3070 36 pointless pointless JJ 34823 3070 37 efforts effort NNS 34823 3070 38 to to TO 34823 3070 39 institute institute VB 34823 3070 40 comparisons comparison NNS 34823 3070 41 between between IN 34823 3070 42 the the DT 34823 3070 43 two two CD 34823 3070 44 , , , 34823 3070 45 and and CC 34823 3070 46 some some DT 34823 3070 47 very very RB 34823 3070 48 misleading misleading JJ 34823 3070 49 statements statement NNS 34823 3070 50 about about IN 34823 3070 51 the the DT 34823 3070 52 matter matter NN 34823 3070 53 . . . 34823 3071 1 Thus thus RB 34823 3071 2 , , , 34823 3071 3 figures figure NNS 34823 3071 4 have have VBP 34823 3071 5 been be VBN 34823 3071 6 offered offer VBN 34823 3071 7 which which WDT 34823 3071 8 would would MD 34823 3071 9 show show VB 34823 3071 10 that that IN 34823 3071 11 the the DT 34823 3071 12 foreign foreign JJ 34823 3071 13 trade trade NN 34823 3071 14 of of IN 34823 3071 15 the the DT 34823 3071 16 United United NNP 34823 3071 17 States States NNP 34823 3071 18 is be VBZ 34823 3071 19 only only RB 34823 3071 20 a a DT 34823 3071 21 fraction fraction NN 34823 3071 22 of of IN 34823 3071 23 1 1 CD 34823 3071 24 % % NN 34823 3071 25 of of IN 34823 3071 26 the the DT 34823 3071 27 domestic domestic JJ 34823 3071 28 trade trade NN 34823 3071 29 . . . 34823 3072 1 This this DT 34823 3072 2 conclusion conclusion NN 34823 3072 3 is be VBZ 34823 3072 4 reached reach VBN 34823 3072 5 by by IN 34823 3072 6 taking take VBG 34823 3072 7 the the DT 34823 3072 8 figures figure NNS 34823 3072 9 for for IN 34823 3072 10 banking banking NN 34823 3072 11 transactions transaction NNS 34823 3072 12 discussed discuss VBN 34823 3072 13 in in IN 34823 3072 14 Chapters chapter NNS 34823 3072 15 XIII XIII NNP 34823 3072 16 and and CC 34823 3072 17 XIX XIX NNP 34823 3072 18 as as IN 34823 3072 19 representative representative NN 34823 3072 20 of of IN 34823 3072 21 domestic domestic JJ 34823 3072 22 trade trade NN 34823 3072 23 , , , 34823 3072 24 and and CC 34823 3072 25 comparing compare VBG 34823 3072 26 them -PRON- PRP 34823 3072 27 with with IN 34823 3072 28 the the DT 34823 3072 29 annual annual JJ 34823 3072 30 figures figure NNS 34823 3072 31 for for IN 34823 3072 32 exports export NNS 34823 3072 33 and and CC 34823 3072 34 imports import NNS 34823 3072 35 . . . 34823 3073 1 This this DT 34823 3073 2 procedure procedure NN 34823 3073 3 is be VBZ 34823 3073 4 fallacious fallacious JJ 34823 3073 5 for for IN 34823 3073 6 several several JJ 34823 3073 7 reasons:[302 reasons:[302 NN 34823 3073 8 ] ] -RRB- 34823 3073 9 the the DT 34823 3073 10 figures figure NNS 34823 3073 11 thus thus RB 34823 3073 12 reached reach VBN 34823 3073 13 for for IN 34823 3073 14 domestic domestic JJ 34823 3073 15 trade trade NN 34823 3073 16 exceed exceed VBP 34823 3073 17 even even RB 34823 3073 18 the the DT 34823 3073 19 total total JJ 34823 3073 20 trading trading NN 34823 3073 21 within within IN 34823 3073 22 the the DT 34823 3073 23 country country NN 34823 3073 24 , , , 34823 3073 25 as as IN 34823 3073 26 shown show VBN 34823 3073 27 in in IN 34823 3073 28 Chapter Chapter NNP 34823 3073 29 XIX XIX NNP 34823 3073 30 . . . 34823 3074 1 In in IN 34823 3074 2 the the DT 34823 3074 3 second second JJ 34823 3074 4 place place NN 34823 3074 5 , , , 34823 3074 6 as as IN 34823 3074 7 shown show VBN 34823 3074 8 in in IN 34823 3074 9 Chapter Chapter NNP 34823 3074 10 XIII XIII NNP 34823 3074 11 , , , 34823 3074 12 the the DT 34823 3074 13 bulk bulk NN 34823 3074 14 even even RB 34823 3074 15 of of IN 34823 3074 16 these these DT 34823 3074 17 deposits deposit NNS 34823 3074 18 which which WDT 34823 3074 19 do do VBP 34823 3074 20 represent represent VB 34823 3074 21 real real JJ 34823 3074 22 trading trading NN 34823 3074 23 grow grow VBP 34823 3074 24 chiefly chiefly RB 34823 3074 25 out out IN 34823 3074 26 of of IN 34823 3074 27 speculation speculation NN 34823 3074 28 . . . 34823 3075 1 Even even RB 34823 3075 2 in in IN 34823 3075 3 ordinary ordinary JJ 34823 3075 4 trade trade NN 34823 3075 5 , , , 34823 3075 6 goods good NNS 34823 3075 7 are be VBP 34823 3075 8 counted count VBN 34823 3075 9 several several JJ 34823 3075 10 times time NNS 34823 3075 11 before before IN 34823 3075 12 reaching reach VBG 34823 3075 13 the the DT 34823 3075 14 final final JJ 34823 3075 15 consumer consumer NN 34823 3075 16 . . . 34823 3076 1 It -PRON- PRP 34823 3076 2 is be VBZ 34823 3076 3 clear clear JJ 34823 3076 4 , , , 34823 3076 5 therefore therefore RB 34823 3076 6 , , , 34823 3076 7 that that IN 34823 3076 8 even even RB 34823 3076 9 an an DT 34823 3076 10 accurate accurate JJ 34823 3076 11 figure figure NN 34823 3076 12 for for IN 34823 3076 13 total total JJ 34823 3076 14 trading trading NN 34823 3076 15 within within IN 34823 3076 16 the the DT 34823 3076 17 country country NN 34823 3076 18 would would MD 34823 3076 19 have have VB 34823 3076 20 little little JJ 34823 3076 21 relevance relevance NN 34823 3076 22 when when WRB 34823 3076 23 we -PRON- PRP 34823 3076 24 are be VBP 34823 3076 25 seeking seek VBG 34823 3076 26 a a DT 34823 3076 27 figure figure NN 34823 3076 28 to to TO 34823 3076 29 compare compare VB 34823 3076 30 with with IN 34823 3076 31 exports export NNS 34823 3076 32 and and CC 34823 3076 33 imports import NNS 34823 3076 34 . . . 34823 3077 1 Nor nor CC 34823 3077 2 , , , 34823 3077 3 if if IN 34823 3077 4 a a DT 34823 3077 5 comparison comparison NN 34823 3077 6 of of IN 34823 3077 7 the the DT 34823 3077 8 actual actual JJ 34823 3077 9 trading trading NN 34823 3077 10 in in IN 34823 3077 11 which which WDT 34823 3077 12 foreigners foreigner NNS 34823 3077 13 participate participate VBP 34823 3077 14 with with IN 34823 3077 15 the the DT 34823 3077 16 trading trading NN 34823 3077 17 exclusively exclusively RB 34823 3077 18 between between IN 34823 3077 19 Americans Americans NNPS 34823 3077 20 is be VBZ 34823 3077 21 sought seek VBN 34823 3077 22 , , , 34823 3077 23 can can MD 34823 3077 24 we -PRON- PRP 34823 3077 25 take take VB 34823 3077 26 the the DT 34823 3077 27 export export NN 34823 3077 28 and and CC 34823 3077 29 import import NN 34823 3077 30 figures figure NNS 34823 3077 31 as as IN 34823 3077 32 representative representative NN 34823 3077 33 of of IN 34823 3077 34 the the DT 34823 3077 35 foreign foreign JJ 34823 3077 36 trading trading NN 34823 3077 37 -- -- : 34823 3077 38 they -PRON- PRP 34823 3077 39 do do VBP 34823 3077 40 not not RB 34823 3077 41 include include VB 34823 3077 42 a a DT 34823 3077 43 multitude multitude NN 34823 3077 44 of of IN 34823 3077 45 highly highly RB 34823 3077 46 important important JJ 34823 3077 47 transactions transaction NNS 34823 3077 48 in in IN 34823 3077 49 which which WDT 34823 3077 50 foreigners foreigner NNS 34823 3077 51 participate participate VBP 34823 3077 52 . . . 34823 3078 1 Very very RB 34823 3078 2 much much JJ 34823 3078 3 of of IN 34823 3078 4 the the DT 34823 3078 5 business business NN 34823 3078 6 of of IN 34823 3078 7 the the DT 34823 3078 8 New New NNP 34823 3078 9 York York NNP 34823 3078 10 Cotton Cotton NNP 34823 3078 11 Exchange Exchange NNP 34823 3078 12 , , , 34823 3078 13 the the DT 34823 3078 14 New New NNP 34823 3078 15 York York NNP 34823 3078 16 Stock Stock NNP 34823 3078 17 Exchange Exchange NNP 34823 3078 18 , , , 34823 3078 19 the the DT 34823 3078 20 Chicago Chicago NNP 34823 3078 21 Board Board NNP 34823 3078 22 of of IN 34823 3078 23 Trade Trade NNP 34823 3078 24 , , , 34823 3078 25 and and CC 34823 3078 26 other other JJ 34823 3078 27 speculative speculative JJ 34823 3078 28 markets market NNS 34823 3078 29 represents represent VBZ 34823 3078 30 foreign foreign JJ 34823 3078 31 buying buying NN 34823 3078 32 and and CC 34823 3078 33 selling selling NN 34823 3078 34 , , , 34823 3078 35 especially especially RB 34823 3078 36 arbitraging arbitrage VBG 34823 3078 37 transactions transaction NNS 34823 3078 38 , , , 34823 3078 39 and and CC 34823 3078 40 the the DT 34823 3078 41 other other JJ 34823 3078 42 " " `` 34823 3078 43 invisible invisible JJ 34823 3078 44 items item NNS 34823 3078 45 " " '' 34823 3078 46 of of IN 34823 3078 47 foreign foreign JJ 34823 3078 48 trade trade NN 34823 3078 49 need need VBP 34823 3078 50 merely merely RB 34823 3078 51 to to TO 34823 3078 52 be be VB 34823 3078 53 mentioned mention VBN 34823 3078 54 for for IN 34823 3078 55 the the DT 34823 3078 56 economist economist NN 34823 3078 57 to to TO 34823 3078 58 recognize recognize VB 34823 3078 59 the the DT 34823 3078 60 fallacy fallacy NN 34823 3078 61 of of IN 34823 3078 62 a a DT 34823 3078 63 comparison comparison NN 34823 3078 64 which which WDT 34823 3078 65 omits omit VBZ 34823 3078 66 them -PRON- PRP 34823 3078 67 . . . 34823 3079 1 What what WDT 34823 3079 2 figures figure NNS 34823 3079 3 are be VBP 34823 3079 4 relevant relevant JJ 34823 3079 5 when when WRB 34823 3079 6 we -PRON- PRP 34823 3079 7 wish wish VBP 34823 3079 8 to to TO 34823 3079 9 compare compare VB 34823 3079 10 foreign foreign JJ 34823 3079 11 and and CC 34823 3079 12 domestic domestic JJ 34823 3079 13 trade trade NN 34823 3079 14 ? ? . 34823 3080 1 First first RB 34823 3080 2 we -PRON- PRP 34823 3080 3 must must MD 34823 3080 4 make make VB 34823 3080 5 clear clear JJ 34823 3080 6 the the DT 34823 3080 7 purpose purpose NN 34823 3080 8 for for IN 34823 3080 9 which which WDT 34823 3080 10 the the DT 34823 3080 11 comparison comparison NN 34823 3080 12 is be VBZ 34823 3080 13 to to TO 34823 3080 14 be be VB 34823 3080 15 made make VBN 34823 3080 16 . . . 34823 3081 1 If if IN 34823 3081 2 we -PRON- PRP 34823 3081 3 are be VBP 34823 3081 4 concerned concerned JJ 34823 3081 5 with with IN 34823 3081 6 the the DT 34823 3081 7 calls call NNS 34823 3081 8 made make VBN 34823 3081 9 by by IN 34823 3081 10 foreign foreign JJ 34823 3081 11 and and CC 34823 3081 12 domestic domestic JJ 34823 3081 13 trade trade NN 34823 3081 14 on on IN 34823 3081 15 the the DT 34823 3081 16 money money NN 34823 3081 17 market market NN 34823 3081 18 , , , 34823 3081 19 we -PRON- PRP 34823 3081 20 should should MD 34823 3081 21 make make VB 34823 3081 22 use use NN 34823 3081 23 of of IN 34823 3081 24 a a DT 34823 3081 25 different different JJ 34823 3081 26 method method NN 34823 3081 27 of of IN 34823 3081 28 comparison comparison NN 34823 3081 29 than than IN 34823 3081 30 that that DT 34823 3081 31 which which WDT 34823 3081 32 will will MD 34823 3081 33 be be VB 34823 3081 34 here here RB 34823 3081 35 employed employ VBN 34823 3081 36 . . . 34823 3082 1 The the DT 34823 3082 2 purpose purpose NN 34823 3082 3 of of IN 34823 3082 4 the the DT 34823 3082 5 comparison comparison NN 34823 3082 6 here here RB 34823 3082 7 undertaken undertake VBN 34823 3082 8 is be VBZ 34823 3082 9 to to TO 34823 3082 10 determine determine VB 34823 3082 11 how how WRB 34823 3082 12 much much JJ 34823 3082 13 of of IN 34823 3082 14 our -PRON- PRP$ 34823 3082 15 American american JJ 34823 3082 16 labor labor NN 34823 3082 17 , , , 34823 3082 18 land land NN 34823 3082 19 and and CC 34823 3082 20 capital capital NN 34823 3082 21 is be VBZ 34823 3082 22 at at IN 34823 3082 23 work work NN 34823 3082 24 producing produce VBG 34823 3082 25 for for IN 34823 3082 26 the the DT 34823 3082 27 foreign foreign JJ 34823 3082 28 consumer consumer NN 34823 3082 29 , , , 34823 3082 30 as as IN 34823 3082 31 compared compare VBN 34823 3082 32 with with IN 34823 3082 33 the the DT 34823 3082 34 land land NN 34823 3082 35 , , , 34823 3082 36 labor labor NN 34823 3082 37 and and CC 34823 3082 38 capital capital NN 34823 3082 39 in in IN 34823 3082 40 America America NNP 34823 3082 41 producing produce VBG 34823 3082 42 for for IN 34823 3082 43 the the DT 34823 3082 44 American american JJ 34823 3082 45 consumer consumer NN 34823 3082 46 . . . 34823 3083 1 The the DT 34823 3083 2 comparison comparison NN 34823 3083 3 here here RB 34823 3083 4 undertaken undertake VBN 34823 3083 5 is be VBZ 34823 3083 6 concerned concern VBN 34823 3083 7 with with IN 34823 3083 8 the the DT 34823 3083 9 question question NN 34823 3083 10 which which WDT 34823 3083 11 is be VBZ 34823 3083 12 usually usually RB 34823 3083 13 uppermost uppermost JJ 34823 3083 14 in in IN 34823 3083 15 the the DT 34823 3083 16 minds mind NNS 34823 3083 17 of of IN 34823 3083 18 those those DT 34823 3083 19 who who WP 34823 3083 20 undertake undertake VBP 34823 3083 21 such such PDT 34823 3083 22 a a DT 34823 3083 23 comparison comparison NN 34823 3083 24 , , , 34823 3083 25 namely namely RB 34823 3083 26 , , , 34823 3083 27 _ _ NNP 34823 3083 28 how how WRB 34823 3083 29 important important JJ 34823 3083 30 _ _ NNP 34823 3083 31 is be VBZ 34823 3083 32 our -PRON- PRP$ 34823 3083 33 foreign foreign JJ 34823 3083 34 market market NN 34823 3083 35 to to IN 34823 3083 36 us -PRON- PRP 34823 3083 37 ? ? . 34823 3084 1 Obviously obviously RB 34823 3084 2 , , , 34823 3084 3 for for IN 34823 3084 4 such such PDT 34823 3084 5 a a DT 34823 3084 6 comparison comparison NN 34823 3084 7 as as IN 34823 3084 8 this this DT 34823 3084 9 , , , 34823 3084 10 we -PRON- PRP 34823 3084 11 should should MD 34823 3084 12 not not RB 34823 3084 13 count count VB 34823 3084 14 a a DT 34823 3084 15 given give VBN 34823 3084 16 case case NN 34823 3084 17 of of IN 34823 3084 18 eggs egg NNS 34823 3084 19 twelve twelve CD 34823 3084 20 times time NNS 34823 3084 21 merely merely RB 34823 3084 22 because because IN 34823 3084 23 it -PRON- PRP 34823 3084 24 changed change VBD 34823 3084 25 ownership ownership NN 34823 3084 26 twelve twelve CD 34823 3084 27 times time NNS 34823 3084 28 in in IN 34823 3084 29 getting get VBG 34823 3084 30 from from IN 34823 3084 31 farm farm NN 34823 3084 32 to to IN 34823 3084 33 breakfast breakfast NN 34823 3084 34 table table NN 34823 3084 35 . . . 34823 3085 1 Items item NNS 34823 3085 2 of of IN 34823 3085 3 export export NN 34823 3085 4 and and CC 34823 3085 5 import import NN 34823 3085 6 count count NN 34823 3085 7 only only RB 34823 3085 8 _ _ NNP 34823 3085 9 once once RB 34823 3085 10 _ _ NNP 34823 3085 11 in in IN 34823 3085 12 the the DT 34823 3085 13 figures figure NNS 34823 3085 14 for for IN 34823 3085 15 export export NN 34823 3085 16 and and CC 34823 3085 17 import import NN 34823 3085 18 . . . 34823 3086 1 We -PRON- PRP 34823 3086 2 must must MD 34823 3086 3 find find VB 34823 3086 4 a a DT 34823 3086 5 figure figure NN 34823 3086 6 for for IN 34823 3086 7 domestic domestic JJ 34823 3086 8 " " `` 34823 3086 9 trade trade NN 34823 3086 10 " " '' 34823 3086 11 in in IN 34823 3086 12 which which WDT 34823 3086 13 items item NNS 34823 3086 14 count count VBP 34823 3086 15 only only RB 34823 3086 16 once once RB 34823 3086 17 , , , 34823 3086 18 allowing allow VBG 34823 3086 19 no no DT 34823 3086 20 turnovers turnover NNS 34823 3086 21 of of IN 34823 3086 22 the the DT 34823 3086 23 same same JJ 34823 3086 24 goods good NNS 34823 3086 25 to to TO 34823 3086 26 swell swell VB 34823 3086 27 the the DT 34823 3086 28 total total NN 34823 3086 29 , , , 34823 3086 30 if if IN 34823 3086 31 we -PRON- PRP 34823 3086 32 wish wish VBP 34823 3086 33 to to TO 34823 3086 34 make make VB 34823 3086 35 our -PRON- PRP$ 34823 3086 36 figures figure NNS 34823 3086 37 comparable comparable JJ 34823 3086 38 . . . 34823 3087 1 The the DT 34823 3087 2 method method NN 34823 3087 3 proposed propose VBD 34823 3087 4 for for IN 34823 3087 5 making make VBG 34823 3087 6 this this DT 34823 3087 7 comparison comparison NN 34823 3087 8 , , , 34823 3087 9 for for IN 34823 3087 10 a a DT 34823 3087 11 long long JJ 34823 3087 12 series series NN 34823 3087 13 of of IN 34823 3087 14 years year NNS 34823 3087 15 , , , 34823 3087 16 is be VBZ 34823 3087 17 a a DT 34823 3087 18 modification modification NN 34823 3087 19 of of IN 34823 3087 20 the the DT 34823 3087 21 method method NN 34823 3087 22 used use VBN 34823 3087 23 by by IN 34823 3087 24 the the DT 34823 3087 25 writer writer NN 34823 3087 26 in in IN 34823 3087 27 an an DT 34823 3087 28 article article NN 34823 3087 29 in in IN 34823 3087 30 the the DT 34823 3087 31 _ _ NNP 34823 3087 32 Annalist Annalist NNP 34823 3087 33 _ _ NNP 34823 3087 34 of of IN 34823 3087 35 Feb. February NNP 34823 3087 36 7 7 CD 34823 3087 37 , , , 34823 3087 38 1916 1916 CD 34823 3087 39 . . . 34823 3088 1 A a DT 34823 3088 2 figure figure NN 34823 3088 3 based base VBN 34823 3088 4 on on IN 34823 3088 5 the the DT 34823 3088 6 bank bank NN 34823 3088 7 deposits deposit NNS 34823 3088 8 of of IN 34823 3088 9 _ _ NNP 34823 3088 10 retail retail JJ 34823 3088 11 merchants merchant NNS 34823 3088 12 _ _ NNP 34823 3088 13 in in IN 34823 3088 14 Kinley Kinley NNP 34823 3088 15 's 's POS 34823 3088 16 1909 1909 CD 34823 3088 17 investigation investigation NN 34823 3088 18 was be VBD 34823 3088 19 there there RB 34823 3088 20 taken take VBN 34823 3088 21 as as RB 34823 3088 22 properly properly RB 34823 3088 23 comparable comparable JJ 34823 3088 24 with with IN 34823 3088 25 the the DT 34823 3088 26 export export NN 34823 3088 27 and and CC 34823 3088 28 import import NN 34823 3088 29 figures figure NNS 34823 3088 30 . . . 34823 3089 1 The the DT 34823 3089 2 final final JJ 34823 3089 3 sale sale NN 34823 3089 4 to to IN 34823 3089 5 consumer consumer NN 34823 3089 6 by by IN 34823 3089 7 retailer retailer NN 34823 3089 8 is be VBZ 34823 3089 9 " " `` 34823 3089 10 the the DT 34823 3089 11 one one NN 34823 3089 12 far far RB 34823 3089 13 off off IN 34823 3089 14 divine divine JJ 34823 3089 15 event event NN 34823 3089 16 " " '' 34823 3089 17 toward toward IN 34823 3089 18 which which WDT 34823 3089 19 the the DT 34823 3089 20 whole whole JJ 34823 3089 21 productive productive JJ 34823 3089 22 process process NN 34823 3089 23 moves move NNS 34823 3089 24 . . . 34823 3090 1 Everything everything NN 34823 3090 2 else else RB 34823 3090 3 in in IN 34823 3090 4 production production NN 34823 3090 5 and and CC 34823 3090 6 exchange exchange NN 34823 3090 7 looks look VBZ 34823 3090 8 forward forward RB 34823 3090 9 to to IN 34823 3090 10 this this DT 34823 3090 11 . . . 34823 3091 1 Ultimately ultimately RB 34823 3091 2 , , , 34823 3091 3 from from IN 34823 3091 4 the the DT 34823 3091 5 demand demand NN 34823 3091 6 of of IN 34823 3091 7 the the DT 34823 3091 8 final final JJ 34823 3091 9 consumer consumer NN 34823 3091 10 comes come VBZ 34823 3091 11 all all PDT 34823 3091 12 the the DT 34823 3091 13 demand demand NN 34823 3091 14 that that WDT 34823 3091 15 is be VBZ 34823 3091 16 directed direct VBN 34823 3091 17 toward toward IN 34823 3091 18 the the DT 34823 3091 19 agencies agency NNS 34823 3091 20 of of IN 34823 3091 21 production production NN 34823 3091 22 , , , 34823 3091 23 even even RB 34823 3091 24 though though IN 34823 3091 25 the the DT 34823 3091 26 laborer laborer NN 34823 3091 27 sees see VBZ 34823 3091 28 his -PRON- PRP$ 34823 3091 29 immediate immediate JJ 34823 3091 30 market market NN 34823 3091 31 in in IN 34823 3091 32 the the DT 34823 3091 33 person person NN 34823 3091 34 of of IN 34823 3091 35 the the DT 34823 3091 36 employer employer NN 34823 3091 37 , , , 34823 3091 38 and and CC 34823 3091 39 the the DT 34823 3091 40 capitalist capitalist NN 34823 3091 41 or or CC 34823 3091 42 landlord landlord NN 34823 3091 43 sees see VBZ 34823 3091 44 his -PRON- PRP$ 34823 3091 45 immediate immediate JJ 34823 3091 46 market market NN 34823 3091 47 in in IN 34823 3091 48 the the DT 34823 3091 49 person person NN 34823 3091 50 of of IN 34823 3091 51 the the DT 34823 3091 52 active active JJ 34823 3091 53 business business NN 34823 3091 54 man man NN 34823 3091 55 . . . 34823 3092 1 The the DT 34823 3092 2 figure figure NN 34823 3092 3 reached reach VBN 34823 3092 4 for for IN 34823 3092 5 retail retail JJ 34823 3092 6 trade trade NN 34823 3092 7 by by IN 34823 3092 8 the the DT 34823 3092 9 method method NN 34823 3092 10 then then RB 34823 3092 11 employed employ VBN 34823 3092 12 was be VBD 34823 3092 13 $ $ $ 34823 3092 14 34,500,000,000 34,500,000,000 CD 34823 3092 15 for for IN 34823 3092 16 1909 1909 CD 34823 3092 17 . . . 34823 3093 1 This this DT 34823 3093 2 figure figure NN 34823 3093 3 was be VBD 34823 3093 4 too too RB 34823 3093 5 high high JJ 34823 3093 6 , , , 34823 3093 7 as as IN 34823 3093 8 shown show VBN 34823 3093 9 in in IN 34823 3093 10 Chapter chapter NN 34823 3093 11 XIII XIII NNP 34823 3093 12 above above RB 34823 3093 13 , , , 34823 3093 14 and and CC 34823 3093 15 the the DT 34823 3093 16 figure figure NN 34823 3093 17 reached reach VBN 34823 3093 18 now now RB 34823 3093 19 for for IN 34823 3093 20 retail retail JJ 34823 3093 21 _ _ NNP 34823 3093 22 deposits deposit NNS 34823 3093 23 _ _ NNP 34823 3093 24 by by IN 34823 3093 25 the the DT 34823 3093 26 same same JJ 34823 3093 27 method method NN 34823 3093 28 is be VBZ 34823 3093 29 $ $ $ 34823 3093 30 32,000,000,000 32,000,000,000 CD 34823 3093 31 . . . 34823 3094 1 Even even RB 34823 3094 2 this this DT 34823 3094 3 figure figure NN 34823 3094 4 is be VBZ 34823 3094 5 too too RB 34823 3094 6 high high JJ 34823 3094 7 , , , 34823 3094 8 however however RB 34823 3094 9 , , , 34823 3094 10 as as IN 34823 3094 11 I -PRON- PRP 34823 3094 12 there there RB 34823 3094 13 concluded conclude VBD 34823 3094 14 , , , 34823 3094 15 to to TO 34823 3094 16 represent represent VB 34823 3094 17 retail retail JJ 34823 3094 18 _ _ NNP 34823 3094 19 trade trade NN 34823 3094 20 _ _ NNP 34823 3094 21 , , , 34823 3094 22 and and CC 34823 3094 23 I -PRON- PRP 34823 3094 24 shall shall MD 34823 3094 25 use use VB 34823 3094 26 it -PRON- PRP 34823 3094 27 only only RB 34823 3094 28 as as IN 34823 3094 29 a a DT 34823 3094 30 check check NN 34823 3094 31 on on IN 34823 3094 32 King King NNP 34823 3094 33 's 's POS 34823 3094 34 figure figure NN 34823 3094 35 for for IN 34823 3094 36 _ _ NNP 34823 3094 37 the the DT 34823 3094 38 total total JJ 34823 3094 39 income income NN 34823 3094 40 of of IN 34823 3094 41 the the DT 34823 3094 42 United United NNP 34823 3094 43 States States NNP 34823 3094 44 in in IN 34823 3094 45 1910 1910 CD 34823 3094 46 _ _ NNP 34823 3094 47 , , , 34823 3094 48 which which WDT 34823 3094 49 I -PRON- PRP 34823 3094 50 shall shall MD 34823 3094 51 use use VB 34823 3094 52 as as IN 34823 3094 53 a a DT 34823 3094 54 base base NN 34823 3094 55 figure figure NN 34823 3094 56 instead instead RB 34823 3094 57 of of IN 34823 3094 58 my -PRON- PRP$ 34823 3094 59 own own JJ 34823 3094 60 . . . 34823 3095 1 King King NNP 34823 3095 2 's 's POS 34823 3095 3 figure figure NN 34823 3095 4 for for IN 34823 3095 5 the the DT 34823 3095 6 total total JJ 34823 3095 7 income income NN 34823 3095 8 of of IN 34823 3095 9 the the DT 34823 3095 10 United United NNP 34823 3095 11 States States NNP 34823 3095 12 in in IN 34823 3095 13 1910 1910 CD 34823 3095 14 is be VBZ 34823 3095 15 $ $ $ 34823 3095 16 30,500,000,000 30,500,000,000 CD 34823 3095 17 . . . 34823 3096 1 [ [ -LRB- 34823 3096 2 303 303 CD 34823 3096 3 ] ] -RRB- 34823 3096 4 I -PRON- PRP 34823 3096 5 take take VBP 34823 3096 6 this this DT 34823 3096 7 figure figure NN 34823 3096 8 as as IN 34823 3096 9 including include VBG 34823 3096 10 all all DT 34823 3096 11 that that WDT 34823 3096 12 the the DT 34823 3096 13 American american JJ 34823 3096 14 people people NNS 34823 3096 15 spend spend VBP 34823 3096 16 for for IN 34823 3096 17 consumption consumption NN 34823 3096 18 , , , 34823 3096 19 with with IN 34823 3096 20 retailers retailer NNS 34823 3096 21 , , , 34823 3096 22 physicians physician NNS 34823 3096 23 , , , 34823 3096 24 hotels hotel NNS 34823 3096 25 , , , 34823 3096 26 theatres theatre NNS 34823 3096 27 , , , 34823 3096 28 etc etc FW 34823 3096 29 . . FW 34823 3096 30 , , , 34823 3096 31 and and CC 34823 3096 32 also also RB 34823 3096 33 their -PRON- PRP$ 34823 3096 34 net net JJ 34823 3096 35 savings saving NNS 34823 3096 36 for for IN 34823 3096 37 the the DT 34823 3096 38 year year NN 34823 3096 39 . . . 34823 3097 1 Part part NN 34823 3097 2 of of IN 34823 3097 3 this this DT 34823 3097 4 they -PRON- PRP 34823 3097 5 spent spend VBD 34823 3097 6 for for IN 34823 3097 7 foreign foreign JJ 34823 3097 8 products product NNS 34823 3097 9 . . . 34823 3098 1 The the DT 34823 3098 2 rest rest NN 34823 3098 3 they -PRON- PRP 34823 3098 4 spent spend VBD 34823 3098 5 at at IN 34823 3098 6 home home NN 34823 3098 7 . . . 34823 3099 1 This this DT 34823 3099 2 residue residue NN 34823 3099 3 spent spend VBN 34823 3099 4 at at IN 34823 3099 5 home home NN 34823 3099 6 gives give VBZ 34823 3099 7 us -PRON- PRP 34823 3099 8 a a DT 34823 3099 9 figure figure NN 34823 3099 10 which which WDT 34823 3099 11 we -PRON- PRP 34823 3099 12 may may MD 34823 3099 13 properly properly RB 34823 3099 14 compare compare VB 34823 3099 15 with with IN 34823 3099 16 the the DT 34823 3099 17 amount amount NN 34823 3099 18 the the DT 34823 3099 19 foreigner foreigner NN 34823 3099 20 spends spend VBZ 34823 3099 21 in in IN 34823 3099 22 America America NNP 34823 3099 23 , , , 34823 3099 24 as as IN 34823 3099 25 indicating indicate VBG 34823 3099 26 the the DT 34823 3099 27 ratio ratio NN 34823 3099 28 of of IN 34823 3099 29 foreign foreign NN 34823 3099 30 to to IN 34823 3099 31 domestic domestic JJ 34823 3099 32 trade trade NN 34823 3099 33 for for IN 34823 3099 34 the the DT 34823 3099 35 purpose purpose NN 34823 3099 36 in in IN 34823 3099 37 hand hand NN 34823 3099 38 . . . 34823 3100 1 We -PRON- PRP 34823 3100 2 subtract subtract VBP 34823 3100 3 , , , 34823 3100 4 in in IN 34823 3100 5 other other JJ 34823 3100 6 words word NNS 34823 3100 7 , , , 34823 3100 8 from from IN 34823 3100 9 the the DT 34823 3100 10 figure figure NN 34823 3100 11 for for IN 34823 3100 12 total total JJ 34823 3100 13 income income NN 34823 3100 14 the the DT 34823 3100 15 figure figure NN 34823 3100 16 for for IN 34823 3100 17 _ _ NNP 34823 3100 18 imports import NNS 34823 3100 19 _ _ NNP 34823 3100 20 . . . 34823 3101 1 Then then RB 34823 3101 2 we -PRON- PRP 34823 3101 3 compare compare VBP 34823 3101 4 the the DT 34823 3101 5 residue residue NN 34823 3101 6 with with IN 34823 3101 7 the the DT 34823 3101 8 figure figure NN 34823 3101 9 for for IN 34823 3101 10 _ _ NNP 34823 3101 11 exports export NNS 34823 3101 12 _ _ NNP 34823 3101 13 , , , 34823 3101 14 and and CC 34823 3101 15 get get VB 34823 3101 16 our -PRON- PRP$ 34823 3101 17 ratio ratio NN 34823 3101 18 of of IN 34823 3101 19 foreign foreign NN 34823 3101 20 to to IN 34823 3101 21 domestic domestic JJ 34823 3101 22 trade trade NN 34823 3101 23 . . . 34823 3102 1 The the DT 34823 3102 2 export export NN 34823 3102 3 and and CC 34823 3102 4 import import NN 34823 3102 5 figures figure NNS 34823 3102 6 must must MD 34823 3102 7 first first RB 34823 3102 8 , , , 34823 3102 9 however however RB 34823 3102 10 , , , 34823 3102 11 be be VB 34823 3102 12 reduced reduce VBN 34823 3102 13 to to IN 34823 3102 14 a a DT 34823 3102 15 _ _ NNP 34823 3102 16 retail retail JJ 34823 3102 17 _ _ NNP 34823 3102 18 basis basis NN 34823 3102 19 . . . 34823 3103 1 That that RB 34823 3103 2 is is RB 34823 3103 3 , , , 34823 3103 4 assuming assume VBG 34823 3103 5 that that IN 34823 3103 6 wholesale wholesale JJ 34823 3103 7 prices price NNS 34823 3103 8 are be VBP 34823 3103 9 two two CD 34823 3103 10 - - HYPH 34823 3103 11 thirds third NNS 34823 3103 12 of of IN 34823 3103 13 retail retail JJ 34823 3103 14 prices price NNS 34823 3103 15 , , , 34823 3103 16 we -PRON- PRP 34823 3103 17 add add VBP 34823 3103 18 50 50 CD 34823 3103 19 % % NN 34823 3103 20 to to IN 34823 3103 21 the the DT 34823 3103 22 figures figure NNS 34823 3103 23 for for IN 34823 3103 24 exports export NNS 34823 3103 25 and and CC 34823 3103 26 imports import NNS 34823 3103 27 ( ( -LRB- 34823 3103 28 which which WDT 34823 3103 29 are be VBP 34823 3103 30 wholesale wholesale JJ 34823 3103 31 figures figure NNS 34823 3103 32 ) ) -RRB- 34823 3103 33 before before IN 34823 3103 34 making make VBG 34823 3103 35 the the DT 34823 3103 36 subtraction subtraction NN 34823 3103 37 and and CC 34823 3103 38 the the DT 34823 3103 39 comparison comparison NN 34823 3103 40 . . . 34823 3104 1 The the DT 34823 3104 2 ultimate ultimate JJ 34823 3104 3 consumer consumer NN 34823 3104 4 , , , 34823 3104 5 both both DT 34823 3104 6 in in IN 34823 3104 7 Europe Europe NNP 34823 3104 8 and and CC 34823 3104 9 America America NNP 34823 3104 10 , , , 34823 3104 11 pays pay VBZ 34823 3104 12 for for IN 34823 3104 13 imports import NNS 34823 3104 14 and and CC 34823 3104 15 exports export NNS 34823 3104 16 on on IN 34823 3104 17 a a DT 34823 3104 18 _ _ NNP 34823 3104 19 retail retail NN 34823 3104 20 _ _ NNP 34823 3104 21 basis basis NN 34823 3104 22 . . . 34823 3105 1 [ [ -LRB- 34823 3105 2 304 304 CD 34823 3105 3 ] ] -RRB- 34823 3105 4 This this DT 34823 3105 5 method method NN 34823 3105 6 , , , 34823 3105 7 applied apply VBD 34823 3105 8 to to IN 34823 3105 9 the the DT 34823 3105 10 figures figure NNS 34823 3105 11 for for IN 34823 3105 12 1910 1910 CD 34823 3105 13 , , , 34823 3105 14 gives give VBZ 34823 3105 15 us -PRON- PRP 34823 3105 16 a a DT 34823 3105 17 ratio ratio NN 34823 3105 18 of of IN 34823 3105 19 about about IN 34823 3105 20 10:1 10:1 CD 34823 3105 21 for for IN 34823 3105 22 domestic domestic JJ 34823 3105 23 to to IN 34823 3105 24 foreign foreign JJ 34823 3105 25 trade trade NN 34823 3105 26 -- -- : 34823 3105 27 the the DT 34823 3105 28 lowest low JJS 34823 3105 29 percentage percentage NN 34823 3105 30 for for IN 34823 3105 31 foreign foreign JJ 34823 3105 32 trade trade NN 34823 3105 33 which which WDT 34823 3105 34 we -PRON- PRP 34823 3105 35 shall shall MD 34823 3105 36 find find VB 34823 3105 37 for for IN 34823 3105 38 any any DT 34823 3105 39 year year NN 34823 3105 40 in in IN 34823 3105 41 the the DT 34823 3105 42 period period NN 34823 3105 43 investigated investigate VBN 34823 3105 44 , , , 34823 3105 45 1890 1890 CD 34823 3105 46 - - SYM 34823 3105 47 1916 1916 CD 34823 3105 48 . . . 34823 3106 1 This this DT 34823 3106 2 comparison comparison NN 34823 3106 3 is be VBZ 34823 3106 4 still still RB 34823 3106 5 unfavorable unfavorable JJ 34823 3106 6 to to IN 34823 3106 7 foreign foreign JJ 34823 3106 8 trade trade NN 34823 3106 9 . . . 34823 3107 1 Domestic domestic JJ 34823 3107 2 trade trade NN 34823 3107 3 , , , 34823 3107 4 in in IN 34823 3107 5 our -PRON- PRP$ 34823 3107 6 figures figure NNS 34823 3107 7 , , , 34823 3107 8 includes include VBZ 34823 3107 9 savings saving NNS 34823 3107 10 and and CC 34823 3107 11 investments investment NNS 34823 3107 12 , , , 34823 3107 13 including include VBG 34823 3107 14 investments investment NNS 34823 3107 15 made make VBN 34823 3107 16 by by IN 34823 3107 17 Americans Americans NNPS 34823 3107 18 abroad abroad RB 34823 3107 19 . . . 34823 3108 1 Import import NN 34823 3108 2 figures figure NNS 34823 3108 3 are be VBP 34823 3108 4 marred mar VBN 34823 3108 5 by by IN 34823 3108 6 undervaluations undervaluation NNS 34823 3108 7 , , , 34823 3108 8 exports export NNS 34823 3108 9 are be VBP 34823 3108 10 not not RB 34823 3108 11 all all RB 34823 3108 12 counted count VBN 34823 3108 13 , , , 34823 3108 14 and and CC 34823 3108 15 the the DT 34823 3108 16 figures figure NNS 34823 3108 17 for for IN 34823 3108 18 exports export NNS 34823 3108 19 and and CC 34823 3108 20 imports import NNS 34823 3108 21 do do VBP 34823 3108 22 not not RB 34823 3108 23 include include VB 34823 3108 24 foreign foreign JJ 34823 3108 25 investments investment NNS 34823 3108 26 in in IN 34823 3108 27 America America NNP 34823 3108 28 . . . 34823 3109 1 American american JJ 34823 3109 2 investments investment NNS 34823 3109 3 abroad abroad RB 34823 3109 4 should should MD 34823 3109 5 not not RB 34823 3109 6 be be VB 34823 3109 7 counted count VBN 34823 3109 8 as as IN 34823 3109 9 part part NN 34823 3109 10 of of IN 34823 3109 11 domestic domestic JJ 34823 3109 12 trade trade NN 34823 3109 13 . . . 34823 3110 1 Moreover moreover RB 34823 3110 2 , , , 34823 3110 3 our -PRON- PRP$ 34823 3110 4 figures figure NNS 34823 3110 5 take take VBP 34823 3110 6 no no DT 34823 3110 7 account account NN 34823 3110 8 of of IN 34823 3110 9 travellers traveller NNS 34823 3110 10 ' ' POS 34823 3110 11 expenditures expenditure NNS 34823 3110 12 , , , 34823 3110 13 or or CC 34823 3110 14 of of IN 34823 3110 15 services service NNS 34823 3110 16 performed perform VBN 34823 3110 17 by by IN 34823 3110 18 professional professional JJ 34823 3110 19 men man NNS 34823 3110 20 of of IN 34823 3110 21 one one CD 34823 3110 22 country country NN 34823 3110 23 for for IN 34823 3110 24 men man NNS 34823 3110 25 in in IN 34823 3110 26 another another DT 34823 3110 27 , , , 34823 3110 28 or or CC 34823 3110 29 of of IN 34823 3110 30 certain certain JJ 34823 3110 31 other other JJ 34823 3110 32 " " `` 34823 3110 33 invisible invisible JJ 34823 3110 34 items item NNS 34823 3110 35 . . . 34823 3110 36 " " '' 34823 3111 1 But but CC 34823 3111 2 while while IN 34823 3111 3 this this DT 34823 3111 4 makes make VBZ 34823 3111 5 our -PRON- PRP$ 34823 3111 6 percentage percentage NN 34823 3111 7 for for IN 34823 3111 8 foreign foreign JJ 34823 3111 9 trade trade NN 34823 3111 10 too too RB 34823 3111 11 low low JJ 34823 3111 12 for for IN 34823 3111 13 all all DT 34823 3111 14 years year NNS 34823 3111 15 , , , 34823 3111 16 it -PRON- PRP 34823 3111 17 probably probably RB 34823 3111 18 does do VBZ 34823 3111 19 not not RB 34823 3111 20 greatly greatly RB 34823 3111 21 upset upset VBN 34823 3111 22 the the DT 34823 3111 23 results result NNS 34823 3111 24 for for IN 34823 3111 25 yearly yearly JJ 34823 3111 26 variations variation NNS 34823 3111 27 in in IN 34823 3111 28 the the DT 34823 3111 29 ratio ratio NN 34823 3111 30 except except IN 34823 3111 31 for for IN 34823 3111 32 the the DT 34823 3111 33 year year NN 34823 3111 34 1916 1916 CD 34823 3111 35 , , , 34823 3111 36 when when WRB 34823 3111 37 the the DT 34823 3111 38 figure figure NN 34823 3111 39 for for IN 34823 3111 40 domestic domestic JJ 34823 3111 41 trade trade NN 34823 3111 42 is be VBZ 34823 3111 43 left leave VBN 34823 3111 44 decidedly decidedly RB 34823 3111 45 too too RB 34823 3111 46 high high JJ 34823 3111 47 , , , 34823 3111 48 and and CC 34823 3111 49 the the DT 34823 3111 50 ratio ratio NN 34823 3111 51 for for IN 34823 3111 52 foreign foreign JJ 34823 3111 53 trade trade NN 34823 3111 54 is be VBZ 34823 3111 55 too too RB 34823 3111 56 low low JJ 34823 3111 57 , , , 34823 3111 58 as as IN 34823 3111 59 compared compare VBN 34823 3111 60 with with IN 34823 3111 61 previous previous JJ 34823 3111 62 years year NNS 34823 3111 63 . . . 34823 3112 1 For for IN 34823 3112 2 years year NNS 34823 3112 3 other other JJ 34823 3112 4 than than IN 34823 3112 5 1910 1910 CD 34823 3112 6 , , , 34823 3112 7 indirect indirect JJ 34823 3112 8 calculations calculation NNS 34823 3112 9 must must MD 34823 3112 10 be be VB 34823 3112 11 resorted resort VBN 34823 3112 12 to to IN 34823 3112 13 for for IN 34823 3112 14 domestic domestic JJ 34823 3112 15 trade trade NN 34823 3112 16 . . . 34823 3113 1 I -PRON- PRP 34823 3113 2 have have VBP 34823 3113 3 substantial substantial JJ 34823 3113 4 confidence confidence NN 34823 3113 5 in in IN 34823 3113 6 the the DT 34823 3113 7 rough rough JJ 34823 3113 8 accuracy accuracy NN 34823 3113 9 of of IN 34823 3113 10 the the DT 34823 3113 11 figure figure NN 34823 3113 12 chosen choose VBN 34823 3113 13 for for IN 34823 3113 14 1910 1910 CD 34823 3113 15 in in IN 34823 3113 16 view view NN 34823 3113 17 of of IN 34823 3113 18 the the DT 34823 3113 19 convergence convergence NN 34823 3113 20 of of IN 34823 3113 21 two two CD 34823 3113 22 widely widely RB 34823 3113 23 different different JJ 34823 3113 24 sets set NNS 34823 3113 25 of of IN 34823 3113 26 data datum NNS 34823 3113 27 . . . 34823 3114 1 My -PRON- PRP$ 34823 3114 2 figure figure NN 34823 3114 3 for for IN 34823 3114 4 retail retail JJ 34823 3114 5 deposits deposit NNS 34823 3114 6 in in IN 34823 3114 7 1909 1909 CD 34823 3114 8 is be VBZ 34823 3114 9 $ $ $ 34823 3114 10 32,000,000,000 32,000,000,000 CD 34823 3114 11 . . . 34823 3115 1 King King NNP 34823 3115 2 's 's POS 34823 3115 3 figure figure NN 34823 3115 4 for for IN 34823 3115 5 total total JJ 34823 3115 6 income income NN 34823 3115 7 is be VBZ 34823 3115 8 $ $ $ 34823 3115 9 30,500,000,000 30,500,000,000 CD 34823 3115 10 for for IN 34823 3115 11 1910 1910 CD 34823 3115 12 . . . 34823 3116 1 King King NNP 34823 3116 2 's 's POS 34823 3116 3 figure figure NN 34823 3116 4 seems seem VBZ 34823 3116 5 to to IN 34823 3116 6 me -PRON- PRP 34823 3116 7 a a DT 34823 3116 8 better well JJR 34823 3116 9 figure figure NN 34823 3116 10 to to TO 34823 3116 11 use use VB 34823 3116 12 for for IN 34823 3116 13 the the DT 34823 3116 14 purpose purpose NN 34823 3116 15 in in IN 34823 3116 16 hand hand NN 34823 3116 17 . . . 34823 3117 1 I -PRON- PRP 34823 3117 2 use use VBP 34823 3117 3 my -PRON- PRP$ 34823 3117 4 own own JJ 34823 3117 5 merely merely RB 34823 3117 6 as as IN 34823 3117 7 a a DT 34823 3117 8 rough rough JJ 34823 3117 9 check check NN 34823 3117 10 on on IN 34823 3117 11 his -PRON- PRP 34823 3117 12 . . . 34823 3118 1 For for IN 34823 3118 2 years year NNS 34823 3118 3 other other JJ 34823 3118 4 than than IN 34823 3118 5 1910 1910 CD 34823 3118 6 , , , 34823 3118 7 the the DT 34823 3118 8 figure figure NN 34823 3118 9 for for IN 34823 3118 10 net net JJ 34823 3118 11 income income NN 34823 3118 12 is be VBZ 34823 3118 13 calculated calculate VBN 34823 3118 14 as as IN 34823 3118 15 a a DT 34823 3118 16 percentage percentage NN 34823 3118 17 of of IN 34823 3118 18 King King NNP 34823 3118 19 's 's POS 34823 3118 20 figure figure NN 34823 3118 21 for for IN 34823 3118 22 1910 1910 CD 34823 3118 23 , , , 34823 3118 24 by by IN 34823 3118 25 means mean NNS 34823 3118 26 of of IN 34823 3118 27 an an DT 34823 3118 28 " " `` 34823 3118 29 index index NN 34823 3118 30 of of IN 34823 3118 31 variation variation NN 34823 3118 32 . . . 34823 3118 33 " " '' 34823 3119 1 It -PRON- PRP 34823 3119 2 is be VBZ 34823 3119 3 assumed assume VBN 34823 3119 4 that that IN 34823 3119 5 the the DT 34823 3119 6 net net JJ 34823 3119 7 income income NN 34823 3119 8 of of IN 34823 3119 9 1905 1905 CD 34823 3119 10 , , , 34823 3119 11 for for IN 34823 3119 12 example example NN 34823 3119 13 , , , 34823 3119 14 bears bear VBZ 34823 3119 15 the the DT 34823 3119 16 same same JJ 34823 3119 17 relation relation NN 34823 3119 18 to to IN 34823 3119 19 the the DT 34823 3119 20 index index NN 34823 3119 21 for for IN 34823 3119 22 1905 1905 CD 34823 3119 23 that that IN 34823 3119 24 the the DT 34823 3119 25 absolute absolute JJ 34823 3119 26 figure figure NN 34823 3119 27 for for IN 34823 3119 28 net net JJ 34823 3119 29 income income NN 34823 3119 30 of of IN 34823 3119 31 1910 1910 CD 34823 3119 32 bears bear NNS 34823 3119 33 to to IN 34823 3119 34 the the DT 34823 3119 35 index index NN 34823 3119 36 for for IN 34823 3119 37 1910 1910 CD 34823 3119 38 , , , 34823 3119 39 and and CC 34823 3119 40 net net JJ 34823 3119 41 income income NN 34823 3119 42 for for IN 34823 3119 43 1905 1905 CD 34823 3119 44 is be VBZ 34823 3119 45 then then RB 34823 3119 46 computed compute VBN 34823 3119 47 by by IN 34823 3119 48 " " `` 34823 3119 49 the the DT 34823 3119 50 rule rule NN 34823 3119 51 of of IN 34823 3119 52 three three CD 34823 3119 53 . . . 34823 3119 54 " " '' 34823 3120 1 The the DT 34823 3120 2 index index NN 34823 3120 3 of of IN 34823 3120 4 variation variation NN 34823 3120 5 chosen choose VBN 34823 3120 6 is be VBZ 34823 3120 7 _ _ NNP 34823 3120 8 railway railway NN 34823 3120 9 gross gross JJ 34823 3120 10 receipts receipt NNS 34823 3120 11 _ _ NNP 34823 3120 12 weighted weight VBD 34823 3120 13 by by IN 34823 3120 14 _ _ NNP 34823 3120 15 wholesale wholesale JJ 34823 3120 16 prices price NNS 34823 3120 17 _ _ NNP 34823 3120 18 . . . 34823 3121 1 I -PRON- PRP 34823 3121 2 think think VBP 34823 3121 3 that that IN 34823 3121 4 railway railway VBP 34823 3121 5 gross gross JJ 34823 3121 6 receipts receipt NNS 34823 3121 7 are be VBP 34823 3121 8 , , , 34823 3121 9 on on IN 34823 3121 10 the the DT 34823 3121 11 whole whole NN 34823 3121 12 , , , 34823 3121 13 the the DT 34823 3121 14 most most RBS 34823 3121 15 dependable dependable JJ 34823 3121 16 and and CC 34823 3121 17 easily easily RB 34823 3121 18 manageable manageable JJ 34823 3121 19 index index NN 34823 3121 20 of of IN 34823 3121 21 physical physical JJ 34823 3121 22 volume volume NN 34823 3121 23 of of IN 34823 3121 24 production production NN 34823 3121 25 that that WDT 34823 3121 26 we -PRON- PRP 34823 3121 27 have have VBP 34823 3121 28 , , , 34823 3121 29 though though IN 34823 3121 30 recognizing recognize VBG 34823 3121 31 difficulties difficulty NNS 34823 3121 32 , , , 34823 3121 33 later later RB 34823 3121 34 to to TO 34823 3121 35 be be VB 34823 3121 36 discussed discuss VBN 34823 3121 37 , , , 34823 3121 38 in in IN 34823 3121 39 using use VBG 34823 3121 40 them -PRON- PRP 34823 3121 41 for for IN 34823 3121 42 the the DT 34823 3121 43 purpose purpose NN 34823 3121 44 in in IN 34823 3121 45 hand hand NN 34823 3121 46 . . . 34823 3122 1 Railroads railroad NNS 34823 3122 2 touch touch VBP 34823 3122 3 virtually virtually RB 34823 3122 4 every every DT 34823 3122 5 kind kind NN 34823 3122 6 of of IN 34823 3122 7 business business NN 34823 3122 8 in in IN 34823 3122 9 the the DT 34823 3122 10 country country NN 34823 3122 11 . . . 34823 3123 1 Variations variation NNS 34823 3123 2 in in IN 34823 3123 3 the the DT 34823 3123 4 _ _ NNP 34823 3123 5 pecuniary pecuniary NN 34823 3123 6 _ _ NNP 34823 3123 7 volume volume NN 34823 3123 8 of of IN 34823 3123 9 production production NN 34823 3123 10 and and CC 34823 3123 11 consumption consumption NN 34823 3123 12 , , , 34823 3123 13 however however RB 34823 3123 14 , , , 34823 3123 15 if if IN 34823 3123 16 due due IN 34823 3123 17 to to IN 34823 3123 18 rising rise VBG 34823 3123 19 or or CC 34823 3123 20 falling fall VBG 34823 3123 21 _ _ NNP 34823 3123 22 prices price NNS 34823 3123 23 _ _ NNP 34823 3123 24 , , , 34823 3123 25 rather rather RB 34823 3123 26 than than IN 34823 3123 27 to to IN 34823 3123 28 changing change VBG 34823 3123 29 physical physical JJ 34823 3123 30 volume volume NN 34823 3123 31 , , , 34823 3123 32 would would MD 34823 3123 33 not not RB 34823 3123 34 be be VB 34823 3123 35 indicated indicate VBN 34823 3123 36 by by IN 34823 3123 37 changes change NNS 34823 3123 38 in in IN 34823 3123 39 railway railway NN 34823 3123 40 gross gross JJ 34823 3123 41 receipts receipt NNS 34823 3123 42 . . . 34823 3124 1 The the DT 34823 3124 2 same same JJ 34823 3124 3 volume volume NN 34823 3124 4 of of IN 34823 3124 5 transportation transportation NN 34823 3124 6 might may MD 34823 3124 7 represent represent VB 34823 3124 8 widely widely RB 34823 3124 9 varying vary VBG 34823 3124 10 pecuniary pecuniary JJ 34823 3124 11 values value NNS 34823 3124 12 of of IN 34823 3124 13 goods good NNS 34823 3124 14 transported transport VBN 34823 3124 15 . . . 34823 3125 1 Railway railway NN 34823 3125 2 rates rate NNS 34823 3125 3 do do VBP 34823 3125 4 not not RB 34823 3125 5 vary vary VB 34823 3125 6 from from IN 34823 3125 7 year year NN 34823 3125 8 to to IN 34823 3125 9 year year NN 34823 3125 10 with with IN 34823 3125 11 prices price NNS 34823 3125 12 of of IN 34823 3125 13 goods good NNS 34823 3125 14 , , , 34823 3125 15 even even RB 34823 3125 16 though though IN 34823 3125 17 high high RB 34823 3125 18 - - HYPH 34823 3125 19 priced price VBN 34823 3125 20 goods good NNS 34823 3125 21 are be VBP 34823 3125 22 normally normally RB 34823 3125 23 charged charge VBN 34823 3125 24 higher high JJR 34823 3125 25 rates rate NNS 34823 3125 26 than than IN 34823 3125 27 low low RB 34823 3125 28 - - HYPH 34823 3125 29 priced price VBN 34823 3125 30 goods good NNS 34823 3125 31 . . . 34823 3126 1 The the DT 34823 3126 2 index index NN 34823 3126 3 , , , 34823 3126 4 therefore therefore RB 34823 3126 5 , , , 34823 3126 6 must must MD 34823 3126 7 include include VB 34823 3126 8 _ _ NNP 34823 3126 9 prices price NNS 34823 3126 10 _ _ NNP 34823 3126 11 as as RB 34823 3126 12 well well RB 34823 3126 13 as as IN 34823 3126 14 physical physical JJ 34823 3126 15 volume volume NN 34823 3126 16 of of IN 34823 3126 17 transportation transportation NN 34823 3126 18 . . . 34823 3127 1 For for IN 34823 3127 2 1910 1910 CD 34823 3127 3 , , , 34823 3127 4 therefore therefore RB 34823 3127 5 , , , 34823 3127 6 railway railway NN 34823 3127 7 gross gross JJ 34823 3127 8 receipts receipt NNS 34823 3127 9 and and CC 34823 3127 10 an an DT 34823 3127 11 index index NN 34823 3127 12 of of IN 34823 3127 13 prices price NNS 34823 3127 14 are be VBP 34823 3127 15 multiplied multiply VBN 34823 3127 16 together together RB 34823 3127 17 , , , 34823 3127 18 and and CC 34823 3127 19 counted count VBD 34823 3127 20 as as IN 34823 3127 21 100 100 CD 34823 3127 22 % % NN 34823 3127 23 . . . 34823 3128 1 The the DT 34823 3128 2 same same JJ 34823 3128 3 thing thing NN 34823 3128 4 is be VBZ 34823 3128 5 done do VBN 34823 3128 6 for for IN 34823 3128 7 railway railway NN 34823 3128 8 gross gross JJ 34823 3128 9 receipts receipt NNS 34823 3128 10 and and CC 34823 3128 11 prices price NNS 34823 3128 12 for for IN 34823 3128 13 other other JJ 34823 3128 14 years year NNS 34823 3128 15 , , , 34823 3128 16 and and CC 34823 3128 17 the the DT 34823 3128 18 results result NNS 34823 3128 19 reduced reduce VBN 34823 3128 20 to to IN 34823 3128 21 percentages percentage NNS 34823 3128 22 of of IN 34823 3128 23 the the DT 34823 3128 24 result result NN 34823 3128 25 for for IN 34823 3128 26 1910 1910 CD 34823 3128 27 . . . 34823 3129 1 The the DT 34823 3129 2 figure figure NN 34823 3129 3 for for IN 34823 3129 4 net net JJ 34823 3129 5 income income NN 34823 3129 6 in in IN 34823 3129 7 any any DT 34823 3129 8 other other JJ 34823 3129 9 year year NN 34823 3129 10 is be VBZ 34823 3129 11 then then RB 34823 3129 12 readily readily RB 34823 3129 13 computed compute VBN 34823 3129 14 as as IN 34823 3129 15 a a DT 34823 3129 16 percentage percentage NN 34823 3129 17 of of IN 34823 3129 18 the the DT 34823 3129 19 figure figure NN 34823 3129 20 for for IN 34823 3129 21 1910 1910 CD 34823 3129 22 . . . 34823 3130 1 The the DT 34823 3130 2 results result NNS 34823 3130 3 , , , 34823 3130 4 for for IN 34823 3130 5 the the DT 34823 3130 6 years year NNS 34823 3130 7 1890 1890 CD 34823 3130 8 - - SYM 34823 3130 9 1916 1916 CD 34823 3130 10 , , , 34823 3130 11 appear appear VBP 34823 3130 12 in in IN 34823 3130 13 the the DT 34823 3130 14 tables table NNS 34823 3130 15 below below RB 34823 3130 16 . . . 34823 3131 1 [ [ -LRB- 34823 3131 2 305 305 CD 34823 3131 3 ] ] -RRB- 34823 3131 4 It -PRON- PRP 34823 3131 5 may may MD 34823 3131 6 be be VB 34823 3131 7 noticed notice VBN 34823 3131 8 that that IN 34823 3131 9 my -PRON- PRP$ 34823 3131 10 figures figure NNS 34823 3131 11 for for IN 34823 3131 12 net net JJ 34823 3131 13 income income NN 34823 3131 14 in in IN 34823 3131 15 1900 1900 CD 34823 3131 16 and and CC 34823 3131 17 1890 1890 CD 34823 3131 18 do do VBP 34823 3131 19 not not RB 34823 3131 20 correspond correspond VB 34823 3131 21 very very RB 34823 3131 22 closely closely RB 34823 3131 23 with with IN 34823 3131 24 the the DT 34823 3131 25 figures figure NNS 34823 3131 26 for for IN 34823 3131 27 the the DT 34823 3131 28 same same JJ 34823 3131 29 years year NNS 34823 3131 30 as as IN 34823 3131 31 independently independently RB 34823 3131 32 estimated estimate VBN 34823 3131 33 by by IN 34823 3131 34 King King NNP 34823 3131 35 . . . 34823 3132 1 My -PRON- PRP$ 34823 3132 2 figure figure NN 34823 3132 3 for for IN 34823 3132 4 1900 1900 CD 34823 3132 5 is be VBZ 34823 3132 6 $ $ $ 34823 3132 7 12,900,000,000 12,900,000,000 CD 34823 3132 8 , , , 34823 3132 9 where where WRB 34823 3132 10 his -PRON- PRP$ 34823 3132 11 is be VBZ 34823 3132 12 $ $ $ 34823 3132 13 17,965,000,000 17,965,000,000 CD 34823 3132 14 ; ; : 34823 3132 15 for for IN 34823 3132 16 1890 1890 CD 34823 3132 17 , , , 34823 3132 18 my -PRON- PRP$ 34823 3132 19 figure figure NN 34823 3132 20 is be VBZ 34823 3132 21 $ $ $ 34823 3132 22 9,300,000,000 9,300,000,000 CD 34823 3132 23 , , , 34823 3132 24 where where WRB 34823 3132 25 his -PRON- PRP$ 34823 3132 26 is be VBZ 34823 3132 27 $ $ $ 34823 3132 28 12,082,000,000 12,082,000,000 CD 34823 3132 29 . . . 34823 3133 1 I -PRON- PRP 34823 3133 2 am be VBP 34823 3133 3 inclined inclined JJ 34823 3133 4 to to IN 34823 3133 5 the the DT 34823 3133 6 view view NN 34823 3133 7 that that IN 34823 3133 8 the the DT 34823 3133 9 figures figure NNS 34823 3133 10 in in IN 34823 3133 11 my -PRON- PRP$ 34823 3133 12 tables table NNS 34823 3133 13 come come VBP 34823 3133 14 closer close JJR 34823 3133 15 to to IN 34823 3133 16 the the DT 34823 3133 17 facts fact NNS 34823 3133 18 for for IN 34823 3133 19 these these DT 34823 3133 20 years year NNS 34823 3133 21 than than IN 34823 3133 22 do do VB 34823 3133 23 his -PRON- PRP$ 34823 3133 24 figures figure NNS 34823 3133 25 , , , 34823 3133 26 assuming assume VBG 34823 3133 27 that that IN 34823 3133 28 _ _ NNP 34823 3133 29 his -PRON- PRP$ 34823 3133 30 figure figure NN 34823 3133 31 _ _ NNP 34823 3133 32 for for IN 34823 3133 33 1910 1910 CD 34823 3133 34 is be VBZ 34823 3133 35 correct correct JJ 34823 3133 36 . . . 34823 3134 1 It -PRON- PRP 34823 3134 2 will will MD 34823 3134 3 be be VB 34823 3134 4 noticed notice VBN 34823 3134 5 that that IN 34823 3134 6 on on IN 34823 3134 7 his -PRON- PRP$ 34823 3134 8 figures figure NNS 34823 3134 9 there there EX 34823 3134 10 was be VBD 34823 3134 11 an an DT 34823 3134 12 increase increase NN 34823 3134 13 of of IN 34823 3134 14 about about IN 34823 3134 15 50 50 CD 34823 3134 16 % % NN 34823 3134 17 from from IN 34823 3134 18 1890 1890 CD 34823 3134 19 to to IN 34823 3134 20 1900 1900 CD 34823 3134 21 , , , 34823 3134 22 and and CC 34823 3134 23 an an DT 34823 3134 24 increase increase NN 34823 3134 25 of of IN 34823 3134 26 only only RB 34823 3134 27 about about RB 34823 3134 28 66 66 CD 34823 3134 29 % % NN 34823 3134 30 in in IN 34823 3134 31 the the DT 34823 3134 32 decade decade NN 34823 3134 33 following follow VBG 34823 3134 34 . . . 34823 3135 1 This this DT 34823 3135 2 seems seem VBZ 34823 3135 3 to to TO 34823 3135 4 be be VB 34823 3135 5 an an DT 34823 3135 6 unlikely unlikely JJ 34823 3135 7 relation relation NN 34823 3135 8 . . . 34823 3136 1 One one PRP 34823 3136 2 would would MD 34823 3136 3 expect expect VB 34823 3136 4 a a DT 34823 3136 5 much much RB 34823 3136 6 greater great JJR 34823 3136 7 rate rate NN 34823 3136 8 of of IN 34823 3136 9 increase increase NN 34823 3136 10 for for IN 34823 3136 11 the the DT 34823 3136 12 decade decade NN 34823 3136 13 1900 1900 CD 34823 3136 14 - - SYM 34823 3136 15 10 10 CD 34823 3136 16 , , , 34823 3136 17 as as IN 34823 3136 18 compared compare VBN 34823 3136 19 with with IN 34823 3136 20 the the DT 34823 3136 21 preceding precede VBG 34823 3136 22 decade decade NN 34823 3136 23 , , , 34823 3136 24 than than IN 34823 3136 25 King King NNP 34823 3136 26 's 's POS 34823 3136 27 figures figure NNS 34823 3136 28 show show VBP 34823 3136 29 . . . 34823 3137 1 The the DT 34823 3137 2 period period NN 34823 3137 3 from from IN 34823 3137 4 1890 1890 CD 34823 3137 5 to to IN 34823 3137 6 1900 1900 CD 34823 3137 7 included include VBD 34823 3137 8 the the DT 34823 3137 9 terrible terrible JJ 34823 3137 10 panic panic NN 34823 3137 11 of of IN 34823 3137 12 1893 1893 CD 34823 3137 13 and and CC 34823 3137 14 the the DT 34823 3137 15 prolonged prolong VBN 34823 3137 16 depression depression NN 34823 3137 17 ensuing ensue VBG 34823 3137 18 . . . 34823 3138 1 The the DT 34823 3138 2 panic panic NN 34823 3138 3 in in IN 34823 3138 4 1907 1907 CD 34823 3138 5 was be VBD 34823 3138 6 trifling trifle VBG 34823 3138 7 in in IN 34823 3138 8 comparison comparison NN 34823 3138 9 , , , 34823 3138 10 and and CC 34823 3138 11 recovery recovery NN 34823 3138 12 , , , 34823 3138 13 as as IN 34823 3138 14 shown show VBN 34823 3138 15 by by IN 34823 3138 16 our -PRON- PRP$ 34823 3138 17 index index NN 34823 3138 18 numbers number NNS 34823 3138 19 in in IN 34823 3138 20 the the DT 34823 3138 21 tables table NNS 34823 3138 22 below below RB 34823 3138 23 , , , 34823 3138 24 was be VBD 34823 3138 25 very very RB 34823 3138 26 much much RB 34823 3138 27 quicker quick JJR 34823 3138 28 . . . 34823 3139 1 Moreover moreover RB 34823 3139 2 , , , 34823 3139 3 falling fall VBG 34823 3139 4 prices price NNS 34823 3139 5 characterized characterize VBD 34823 3139 6 much much JJ 34823 3139 7 of of IN 34823 3139 8 the the DT 34823 3139 9 earlier early JJR 34823 3139 10 decade decade NN 34823 3139 11 . . . 34823 3140 1 The the DT 34823 3140 2 highest high JJS 34823 3140 3 prices price NNS 34823 3140 4 of of IN 34823 3140 5 the the DT 34823 3140 6 whole whole JJ 34823 3140 7 ten ten CD 34823 3140 8 years year NNS 34823 3140 9 were be VBD 34823 3140 10 in in IN 34823 3140 11 1891 1891 CD 34823 3140 12 . . . 34823 3141 1 The the DT 34823 3141 2 period period NN 34823 3141 3 from from IN 34823 3141 4 1900 1900 CD 34823 3141 5 to to IN 34823 3141 6 1910 1910 CD 34823 3141 7 is be VBZ 34823 3141 8 a a DT 34823 3141 9 period period NN 34823 3141 10 of of IN 34823 3141 11 rapidly rapidly RB 34823 3141 12 rising rise VBG 34823 3141 13 prices price NNS 34823 3141 14 , , , 34823 3141 15 on on IN 34823 3141 16 the the DT 34823 3141 17 whole whole NN 34823 3141 18 . . . 34823 3142 1 On on IN 34823 3142 2 the the DT 34823 3142 3 basis basis NN 34823 3142 4 of of IN 34823 3142 5 our -PRON- PRP$ 34823 3142 6 general general JJ 34823 3142 7 knowledge knowledge NN 34823 3142 8 of of IN 34823 3142 9 the the DT 34823 3142 10 two two CD 34823 3142 11 periods period NNS 34823 3142 12 , , , 34823 3142 13 one one PRP 34823 3142 14 would would MD 34823 3142 15 expect expect VB 34823 3142 16 a a DT 34823 3142 17 greater great JJR 34823 3142 18 percentage percentage NN 34823 3142 19 gain gain NN 34823 3142 20 by by IN 34823 3142 21 far far RB 34823 3142 22 for for IN 34823 3142 23 the the DT 34823 3142 24 second second JJ 34823 3142 25 decade decade NN 34823 3142 26 , , , 34823 3142 27 and and CC 34823 3142 28 I -PRON- PRP 34823 3142 29 therefore therefore RB 34823 3142 30 trust trust VBP 34823 3142 31 the the DT 34823 3142 32 results result NNS 34823 3142 33 of of IN 34823 3142 34 the the DT 34823 3142 35 index index NN 34823 3142 36 of of IN 34823 3142 37 variation variation NN 34823 3142 38 here here RB 34823 3142 39 chosen choose VBN 34823 3142 40 , , , 34823 3142 41 which which WDT 34823 3142 42 show show VBP 34823 3142 43 that that DT 34823 3142 44 . . . 34823 3143 1 Similar similar JJ 34823 3143 2 results result NNS 34823 3143 3 are be VBP 34823 3143 4 obtained obtain VBN 34823 3143 5 by by IN 34823 3143 6 applying apply VBG 34823 3143 7 to to IN 34823 3143 8 the the DT 34823 3143 9 base base NN 34823 3143 10 figure figure NN 34823 3143 11 for for IN 34823 3143 12 1910 1910 CD 34823 3143 13 an an DT 34823 3143 14 index index NN 34823 3143 15 of of IN 34823 3143 16 variation variation NN 34823 3143 17 derived derive VBN 34823 3143 18 from from IN 34823 3143 19 Kemmerer Kemmerer NNP 34823 3143 20 's 's POS 34823 3143 21 and and CC 34823 3143 22 Fisher Fisher NNP 34823 3143 23 's 's POS 34823 3143 24 figures figure NNS 34823 3143 25 for for IN 34823 3143 26 trade[306 trade[306 NNP 34823 3143 27 ] ] -RRB- 34823 3143 28 and and CC 34823 3143 29 prices price NNS 34823 3143 30 . . . 34823 3144 1 My -PRON- PRP$ 34823 3144 2 figure figure NN 34823 3144 3 for for IN 34823 3144 4 1890 1890 CD 34823 3144 5 may may MD 34823 3144 6 , , , 34823 3144 7 moreover moreover RB 34823 3144 8 , , , 34823 3144 9 be be VB 34823 3144 10 checked check VBN 34823 3144 11 by by IN 34823 3144 12 comparison comparison NN 34823 3144 13 with with IN 34823 3144 14 the the DT 34823 3144 15 figure figure NN 34823 3144 16 given give VBN 34823 3144 17 by by IN 34823 3144 18 C. C. NNP 34823 3144 19 B. B. NNP 34823 3144 20 Spahr Spahr NNP 34823 3144 21 in in IN 34823 3144 22 _ _ NNP 34823 3144 23 The the DT 34823 3144 24 Present present JJ 34823 3144 25 Distribution distribution NN 34823 3144 26 of of IN 34823 3144 27 Wealth wealth NN 34823 3144 28 in in IN 34823 3144 29 the the DT 34823 3144 30 United United NNP 34823 3144 31 States States NNP 34823 3144 32 _ _ NNP 34823 3144 33 ( ( -LRB- 34823 3144 34 p. p. NN 34823 3144 35 105 105 CD 34823 3144 36 ) ) -RRB- 34823 3144 37 for for IN 34823 3144 38 the the DT 34823 3144 39 net net JJ 34823 3144 40 income income NN 34823 3144 41 of of IN 34823 3144 42 the the DT 34823 3144 43 country country NN 34823 3144 44 for for IN 34823 3144 45 that that DT 34823 3144 46 year year NN 34823 3144 47 : : : 34823 3144 48 $ $ $ 34823 3144 49 10,800,000,000 10,800,000,000 CD 34823 3144 50 . . . 34823 3145 1 It -PRON- PRP 34823 3145 2 may may MD 34823 3145 3 be be VB 34823 3145 4 that that IN 34823 3145 5 my -PRON- PRP$ 34823 3145 6 figure figure NN 34823 3145 7 for for IN 34823 3145 8 1890 1890 CD 34823 3145 9 is be VBZ 34823 3145 10 too too RB 34823 3145 11 low low JJ 34823 3145 12 , , , 34823 3145 13 but but CC 34823 3145 14 I -PRON- PRP 34823 3145 15 have have VBP 34823 3145 16 not not RB 34823 3145 17 sought seek VBN 34823 3145 18 to to TO 34823 3145 19 " " `` 34823 3145 20 doctor doctor VB 34823 3145 21 " " '' 34823 3145 22 it -PRON- PRP 34823 3145 23 by by IN 34823 3145 24 an an DT 34823 3145 25 arbitrary arbitrary JJ 34823 3145 26 " " `` 34823 3145 27 correction correction NN 34823 3145 28 factor factor NN 34823 3145 29 " " '' 34823 3145 30 to to TO 34823 3145 31 make make VB 34823 3145 32 it -PRON- PRP 34823 3145 33 correspond correspond VB 34823 3145 34 more more RBR 34823 3145 35 closely closely RB 34823 3145 36 than than IN 34823 3145 37 it -PRON- PRP 34823 3145 38 does do VBZ 34823 3145 39 with with IN 34823 3145 40 the the DT 34823 3145 41 other other JJ 34823 3145 42 estimates estimate NNS 34823 3145 43 . . . 34823 3146 1 It -PRON- PRP 34823 3146 2 is be VBZ 34823 3146 3 striking strike VBG 34823 3146 4 enough enough RB 34823 3146 5 that that IN 34823 3146 6 a a DT 34823 3146 7 figure figure NN 34823 3146 8 derived derive VBN 34823 3146 9 from from IN 34823 3146 10 an an DT 34823 3146 11 index index NN 34823 3146 12 of of IN 34823 3146 13 variation variation NN 34823 3146 14 , , , 34823 3146 15 twenty twenty CD 34823 3146 16 years year NNS 34823 3146 17 away away RB 34823 3146 18 from from IN 34823 3146 19 its -PRON- PRP$ 34823 3146 20 base base NN 34823 3146 21 , , , 34823 3146 22 should should MD 34823 3146 23 come come VB 34823 3146 24 as as RB 34823 3146 25 close close RB 34823 3146 26 as as IN 34823 3146 27 this this DT 34823 3146 28 to to IN 34823 3146 29 figures figure NNS 34823 3146 30 calculated calculate VBN 34823 3146 31 from from IN 34823 3146 32 wholly wholly RB 34823 3146 33 different different JJ 34823 3146 34 data datum NNS 34823 3146 35 . . . 34823 3147 1 One one CD 34823 3147 2 brief brief JJ 34823 3147 3 comment comment NN 34823 3147 4 may may MD 34823 3147 5 be be VB 34823 3147 6 made make VBN 34823 3147 7 on on IN 34823 3147 8 the the DT 34823 3147 9 significance significance NN 34823 3147 10 of of IN 34823 3147 11 these these DT 34823 3147 12 figures figure NNS 34823 3147 13 . . . 34823 3148 1 It -PRON- PRP 34823 3148 2 may may MD 34823 3148 3 be be VB 34823 3148 4 questioned question VBN 34823 3148 5 if if IN 34823 3148 6 figures figure NNS 34823 3148 7 showing show VBG 34823 3148 8 the the DT 34823 3148 9 proportions proportion NNS 34823 3148 10 of of IN 34823 3148 11 our -PRON- PRP$ 34823 3148 12 industry industry NN 34823 3148 13 devoted devote VBN 34823 3148 14 to to IN 34823 3148 15 supplying supply VBG 34823 3148 16 goods good NNS 34823 3148 17 for for IN 34823 3148 18 the the DT 34823 3148 19 foreign foreign JJ 34823 3148 20 market market NN 34823 3148 21 correctly correctly RB 34823 3148 22 indicate indicate VBP 34823 3148 23 the the DT 34823 3148 24 importance importance NN 34823 3148 25 of of IN 34823 3148 26 the the DT 34823 3148 27 foreign foreign JJ 34823 3148 28 market market NN 34823 3148 29 to to IN 34823 3148 30 us -PRON- PRP 34823 3148 31 . . . 34823 3149 1 It -PRON- PRP 34823 3149 2 may may MD 34823 3149 3 be be VB 34823 3149 4 urged urge VBN 34823 3149 5 that that IN 34823 3149 6 if if IN 34823 3149 7 we -PRON- PRP 34823 3149 8 should should MD 34823 3149 9 lose lose VB 34823 3149 10 our -PRON- PRP$ 34823 3149 11 foreign foreign JJ 34823 3149 12 market market NN 34823 3149 13 , , , 34823 3149 14 we -PRON- PRP 34823 3149 15 should should MD 34823 3149 16 merely merely RB 34823 3149 17 turn turn VB 34823 3149 18 to to IN 34823 3149 19 producing produce VBG 34823 3149 20 more more JJR 34823 3149 21 for for IN 34823 3149 22 the the DT 34823 3149 23 domestic domestic JJ 34823 3149 24 market market NN 34823 3149 25 , , , 34823 3149 26 and and CC 34823 3149 27 that that IN 34823 3149 28 the the DT 34823 3149 29 loss loss NN 34823 3149 30 would would MD 34823 3149 31 not not RB 34823 3149 32 be be VB 34823 3149 33 the the DT 34823 3149 34 whole whole NN 34823 3149 35 of of IN 34823 3149 36 our -PRON- PRP$ 34823 3149 37 receipts receipt NNS 34823 3149 38 from from IN 34823 3149 39 foreign foreign JJ 34823 3149 40 trade trade NN 34823 3149 41 , , , 34823 3149 42 but but CC 34823 3149 43 merely merely RB 34823 3149 44 the the DT 34823 3149 45 cost cost NN 34823 3149 46 of of IN 34823 3149 47 transition transition NN 34823 3149 48 , , , 34823 3149 49 and and CC 34823 3149 50 the the DT 34823 3149 51 loss loss NN 34823 3149 52 that that WDT 34823 3149 53 comes come VBZ 34823 3149 54 from from IN 34823 3149 55 shifting shift VBG 34823 3149 56 to to IN 34823 3149 57 production production NN 34823 3149 58 to to IN 34823 3149 59 which which WDT 34823 3149 60 we -PRON- PRP 34823 3149 61 are be VBP 34823 3149 62 less less RBR 34823 3149 63 suited suited JJ 34823 3149 64 . . . 34823 3150 1 This this DT 34823 3150 2 is be VBZ 34823 3150 3 , , , 34823 3150 4 doubtless doubtless JJ 34823 3150 5 , , , 34823 3150 6 true true JJ 34823 3150 7 . . . 34823 3151 1 But but CC 34823 3151 2 the the DT 34823 3151 3 loss loss NN 34823 3151 4 reckoned reckon VBD 34823 3151 5 this this DT 34823 3151 6 way way NN 34823 3151 7 may may MD 34823 3151 8 well well RB 34823 3151 9 be be VB 34823 3151 10 greater great JJR 34823 3151 11 than than IN 34823 3151 12 the the DT 34823 3151 13 loss loss NN 34823 3151 14 reckoned reckon VBN 34823 3151 15 on on IN 34823 3151 16 the the DT 34823 3151 17 basis basis NN 34823 3151 18 of of IN 34823 3151 19 my -PRON- PRP$ 34823 3151 20 figures figure NNS 34823 3151 21 ! ! . 34823 3152 1 It -PRON- PRP 34823 3152 2 is be VBZ 34823 3152 3 equally equally RB 34823 3152 4 true true JJ 34823 3152 5 , , , 34823 3152 6 moreover moreover RB 34823 3152 7 , , , 34823 3152 8 that that IN 34823 3152 9 our -PRON- PRP$ 34823 3152 10 domestic domestic JJ 34823 3152 11 trade trade NN 34823 3152 12 is be VBZ 34823 3152 13 not not RB 34823 3152 14 important important JJ 34823 3152 15 to to IN 34823 3152 16 the the DT 34823 3152 17 extent extent NN 34823 3152 18 indicated indicate VBN 34823 3152 19 by by IN 34823 3152 20 my -PRON- PRP$ 34823 3152 21 figures figure NNS 34823 3152 22 , , , 34823 3152 23 since since IN 34823 3152 24 if if IN 34823 3152 25 we -PRON- PRP 34823 3152 26 lose lose VBP 34823 3152 27 part part NN 34823 3152 28 of of IN 34823 3152 29 our -PRON- PRP$ 34823 3152 30 domestic domestic JJ 34823 3152 31 trade trade NN 34823 3152 32 , , , 34823 3152 33 our -PRON- PRP$ 34823 3152 34 producers producer NNS 34823 3152 35 will will MD 34823 3152 36 turn turn VB 34823 3152 37 to to IN 34823 3152 38 supplying supply VBG 34823 3152 39 more more JJR 34823 3152 40 for for IN 34823 3152 41 the the DT 34823 3152 42 foreign foreign JJ 34823 3152 43 market market NN 34823 3152 44 . . . 34823 3153 1 But but CC 34823 3153 2 one one PRP 34823 3153 3 must must MD 34823 3153 4 not not RB 34823 3153 5 regard regard VB 34823 3153 6 the the DT 34823 3153 7 cost cost NN 34823 3153 8 of of IN 34823 3153 9 transition transition NN 34823 3153 10 as as IN 34823 3153 11 a a DT 34823 3153 12 negligible negligible JJ 34823 3153 13 matter matter NN 34823 3153 14 ! ! . 34823 3154 1 The the DT 34823 3154 2 cost cost NN 34823 3154 3 may may MD 34823 3154 4 easily easily RB 34823 3154 5 be be VB 34823 3154 6 prolonged prolong VBN 34823 3154 7 depression depression NN 34823 3154 8 . . . 34823 3155 1 Certain certain JJ 34823 3155 2 parts part NNS 34823 3155 3 of of IN 34823 3155 4 our -PRON- PRP$ 34823 3155 5 foreign foreign JJ 34823 3155 6 trade trade NN 34823 3155 7 are be VBP 34823 3155 8 really really RB 34823 3155 9 vital vital JJ 34823 3155 10 to to IN 34823 3155 11 us -PRON- PRP 34823 3155 12 , , , 34823 3155 13 both both CC 34823 3155 14 on on IN 34823 3155 15 the the DT 34823 3155 16 import import NN 34823 3155 17 and and CC 34823 3155 18 ( ( -LRB- 34823 3155 19 to to IN 34823 3155 20 a a DT 34823 3155 21 less less JJR 34823 3155 22 degree degree NN 34823 3155 23 ) ) -RRB- 34823 3155 24 on on IN 34823 3155 25 the the DT 34823 3155 26 export export NN 34823 3155 27 side side NN 34823 3155 28 . . . 34823 3156 1 The the DT 34823 3156 2 most most RBS 34823 3156 3 important important JJ 34823 3156 4 practical practical JJ 34823 3156 5 use use NN 34823 3156 6 to to TO 34823 3156 7 which which WDT 34823 3156 8 the the DT 34823 3156 9 figures figure NNS 34823 3156 10 here here RB 34823 3156 11 given give VBN 34823 3156 12 may may MD 34823 3156 13 be be VB 34823 3156 14 put put VBN 34823 3156 15 are be VBP 34823 3156 16 in in IN 34823 3156 17 connection connection NN 34823 3156 18 with with IN 34823 3156 19 short short JJ 34823 3156 20 - - HYPH 34823 3156 21 run run NN 34823 3156 22 problems problem NNS 34823 3156 23 . . . 34823 3157 1 Foreign foreign JJ 34823 3157 2 trade trade NN 34823 3157 3 is be VBZ 34823 3157 4 so so RB 34823 3157 5 important important JJ 34823 3157 6 to to IN 34823 3157 7 us -PRON- PRP 34823 3157 8 that that IN 34823 3157 9 any any DT 34823 3157 10 sudden sudden JJ 34823 3157 11 alteration alteration NN 34823 3157 12 in in IN 34823 3157 13 its -PRON- PRP$ 34823 3157 14 amount amount NN 34823 3157 15 may may MD 34823 3157 16 bring bring VB 34823 3157 17 great great JJ 34823 3157 18 adversity adversity NN 34823 3157 19 or or CC 34823 3157 20 great great JJ 34823 3157 21 prosperity prosperity NN 34823 3157 22 -- -- : 34823 3157 23 as as IN 34823 3157 24 the the DT 34823 3157 25 course course NN 34823 3157 26 of of IN 34823 3157 27 the the DT 34823 3157 28 present present JJ 34823 3157 29 War War NNP 34823 3157 30 abundantly abundantly RB 34823 3157 31 testifies testify VBZ 34823 3157 32 . . . 34823 3158 1 [ [ -LRB- 34823 3158 2 307 307 CD 34823 3158 3 ] ] -RRB- 34823 3158 4 An an DT 34823 3158 5 application application NN 34823 3158 6 of of IN 34823 3158 7 our -PRON- PRP$ 34823 3158 8 method method NN 34823 3158 9 to to IN 34823 3158 10 the the DT 34823 3158 11 years year NNS 34823 3158 12 1850 1850 CD 34823 3158 13 and and CC 34823 3158 14 1860 1860 CD 34823 3158 15 gives give VBZ 34823 3158 16 a a DT 34823 3158 17 percentage percentage NN 34823 3158 18 for for IN 34823 3158 19 foreign foreign JJ 34823 3158 20 trade trade NN 34823 3158 21 of of IN 34823 3158 22 12.7 12.7 CD 34823 3158 23 in in IN 34823 3158 24 1850 1850 CD 34823 3158 25 , , , 34823 3158 26 and and CC 34823 3158 27 16.0 16.0 CD 34823 3158 28 in in IN 34823 3158 29 1860 1860 CD 34823 3158 30 . . . 34823 3159 1 [ [ -LRB- 34823 3159 2 308 308 CD 34823 3159 3 ] ] -RRB- 34823 3159 4 Certain certain JJ 34823 3159 5 other other JJ 34823 3159 6 cautions caution NNS 34823 3159 7 are be VBP 34823 3159 8 needed need VBN 34823 3159 9 in in IN 34823 3159 10 presenting present VBG 34823 3159 11 these these DT 34823 3159 12 figures figure NNS 34823 3159 13 . . . 34823 3160 1 For for IN 34823 3160 2 one one CD 34823 3160 3 thing thing NN 34823 3160 4 , , , 34823 3160 5 variations variation NNS 34823 3160 6 in in IN 34823 3160 7 railway railway NN 34823 3160 8 rates rate NNS 34823 3160 9 will will MD 34823 3160 10 make make VB 34823 3160 11 a a DT 34823 3160 12 given give VBN 34823 3160 13 volume volume NN 34823 3160 14 of of IN 34823 3160 15 gross gross JJ 34823 3160 16 earnings earning NNS 34823 3160 17 mean mean VBP 34823 3160 18 different different JJ 34823 3160 19 things thing NNS 34823 3160 20 in in IN 34823 3160 21 different different JJ 34823 3160 22 years year NNS 34823 3160 23 as as IN 34823 3160 24 to to IN 34823 3160 25 the the DT 34823 3160 26 physical physical JJ 34823 3160 27 volume volume NN 34823 3160 28 of of IN 34823 3160 29 traffic traffic NN 34823 3160 30 . . . 34823 3161 1 In in IN 34823 3161 2 the the DT 34823 3161 3 writer writer NN 34823 3161 4 's 's POS 34823 3161 5 opinion opinion NN 34823 3161 6 , , , 34823 3161 7 which which WDT 34823 3161 8 is be VBZ 34823 3161 9 confirmed confirm VBN 34823 3161 10 by by IN 34823 3161 11 Professor Professor NNP 34823 3161 12 W. W. NNP 34823 3161 13 Z. Z. NNP 34823 3161 14 Ripley Ripley NNP 34823 3161 15 , , , 34823 3161 16 there there EX 34823 3161 17 is be VBZ 34823 3161 18 no no DT 34823 3161 19 possible possible JJ 34823 3161 20 way way NN 34823 3161 21 of of IN 34823 3161 22 making make VBG 34823 3161 23 allowance allowance NN 34823 3161 24 for for IN 34823 3161 25 this this DT 34823 3161 26 , , , 34823 3161 27 as as IN 34823 3161 28 the the DT 34823 3161 29 cross cross NN 34823 3161 30 - - NNS 34823 3161 31 currents current NNS 34823 3161 32 affecting affect VBG 34823 3161 33 railway railway NN 34823 3161 34 rates rate NNS 34823 3161 35 are be VBP 34823 3161 36 altogether altogether RB 34823 3161 37 too too RB 34823 3161 38 numerous numerous JJ 34823 3161 39 and and CC 34823 3161 40 obscure obscure JJ 34823 3161 41 . . . 34823 3162 1 Nor nor CC 34823 3162 2 has have VBZ 34823 3162 3 any any DT 34823 3162 4 effort effort NN 34823 3162 5 been be VBN 34823 3162 6 made make VBN 34823 3162 7 to to TO 34823 3162 8 allow allow VB 34823 3162 9 for for IN 34823 3162 10 variations variation NNS 34823 3162 11 in in IN 34823 3162 12 the the DT 34823 3162 13 proportions proportion NNS 34823 3162 14 of of IN 34823 3162 15 freight freight NN 34823 3162 16 and and CC 34823 3162 17 passenger passenger NN 34823 3162 18 receipts receipt NNS 34823 3162 19 , , , 34823 3162 20 or or CC 34823 3162 21 of of IN 34823 3162 22 different different JJ 34823 3162 23 classes class NNS 34823 3162 24 of of IN 34823 3162 25 freight freight NN 34823 3162 26 traffic traffic NN 34823 3162 27 . . . 34823 3163 1 Again again RB 34823 3163 2 , , , 34823 3163 3 the the DT 34823 3163 4 proportions proportion NNS 34823 3163 5 of of IN 34823 3163 6 railway railway NN 34823 3163 7 traffic traffic NN 34823 3163 8 connected connect VBN 34823 3163 9 with with IN 34823 3163 10 foreign foreign JJ 34823 3163 11 trade trade NN 34823 3163 12 may may MD 34823 3163 13 vary vary VB 34823 3163 14 greatly greatly RB 34823 3163 15 , , , 34823 3163 16 and and CC 34823 3163 17 it -PRON- PRP 34823 3163 18 may may MD 34823 3163 19 happen happen VB 34823 3163 20 that that IN 34823 3163 21 a a DT 34823 3163 22 big big JJ 34823 3163 23 increase increase NN 34823 3163 24 in in IN 34823 3163 25 railway railway NN 34823 3163 26 gross gross JJ 34823 3163 27 receipts receipt NNS 34823 3163 28 is be VBZ 34823 3163 29 due due JJ 34823 3163 30 to to IN 34823 3163 31 increasing increase VBG 34823 3163 32 foreign foreign JJ 34823 3163 33 trade trade NN 34823 3163 34 , , , 34823 3163 35 primarily primarily RB 34823 3163 36 . . . 34823 3164 1 There there EX 34823 3164 2 is be VBZ 34823 3164 3 reason reason NN 34823 3164 4 to to TO 34823 3164 5 suppose suppose VB 34823 3164 6 that that IN 34823 3164 7 much much JJ 34823 3164 8 of of IN 34823 3164 9 the the DT 34823 3164 10 increase increase NN 34823 3164 11 of of IN 34823 3164 12 1916 1916 CD 34823 3164 13 is be VBZ 34823 3164 14 to to TO 34823 3164 15 be be VB 34823 3164 16 explained explain VBN 34823 3164 17 that that DT 34823 3164 18 way way NN 34823 3164 19 . . . 34823 3165 1 This this DT 34823 3165 2 makes make VBZ 34823 3165 3 our -PRON- PRP$ 34823 3165 4 comparison comparison NN 34823 3165 5 for for IN 34823 3165 6 1916 1916 CD 34823 3165 7 particularly particularly RB 34823 3165 8 adverse adverse JJ 34823 3165 9 to to IN 34823 3165 10 foreign foreign JJ 34823 3165 11 trade trade NN 34823 3165 12 , , , 34823 3165 13 since since IN 34823 3165 14 we -PRON- PRP 34823 3165 15 count count VBP 34823 3165 16 as as IN 34823 3165 17 domestic domestic JJ 34823 3165 18 trade trade NN 34823 3165 19 what what WP 34823 3165 20 is be VBZ 34823 3165 21 really really RB 34823 3165 22 foreign foreign JJ 34823 3165 23 trade trade NN 34823 3165 24 . . . 34823 3166 1 The the DT 34823 3166 2 figures figure NNS 34823 3166 3 , , , 34823 3166 4 however however RB 34823 3166 5 , , , 34823 3166 6 are be VBP 34823 3166 7 presented present VBN 34823 3166 8 as as IN 34823 3166 9 they -PRON- PRP 34823 3166 10 stand stand VBP 34823 3166 11 . . . 34823 3167 1 Moreover moreover RB 34823 3167 2 , , , 34823 3167 3 for for IN 34823 3167 4 1916 1916 CD 34823 3167 5 , , , 34823 3167 6 the the DT 34823 3167 7 great great JJ 34823 3167 8 increase increase NN 34823 3167 9 in in IN 34823 3167 10 foreign foreign JJ 34823 3167 11 trade trade NN 34823 3167 12 is be VBZ 34823 3167 13 in in IN 34823 3167 14 _ _ NNP 34823 3167 15 exports export NNS 34823 3167 16 _ _ NNP 34823 3167 17 . . . 34823 3168 1 Merchandise merchandise NN 34823 3168 2 imports import NNS 34823 3168 3 are be VBP 34823 3168 4 not not RB 34823 3168 5 much much RB 34823 3168 6 greater great JJR 34823 3168 7 than than IN 34823 3168 8 in in IN 34823 3168 9 previous previous JJ 34823 3168 10 years year NNS 34823 3168 11 . . . 34823 3169 1 [ [ -LRB- 34823 3169 2 309 309 CD 34823 3169 3 ] ] -RRB- 34823 3169 4 Our -PRON- PRP$ 34823 3169 5 exports export NNS 34823 3169 6 have have VBP 34823 3169 7 been be VBN 34823 3169 8 chiefly chiefly RB 34823 3169 9 paid pay VBN 34823 3169 10 for for IN 34823 3169 11 by by IN 34823 3169 12 " " `` 34823 3169 13 invisible invisible JJ 34823 3169 14 items item NNS 34823 3169 15 , , , 34823 3169 16 " " '' 34823 3169 17 gold gold NN 34823 3169 18 and and CC 34823 3169 19 securities security NNS 34823 3169 20 , , , 34823 3169 21 and and CC 34823 3169 22 short short JJ 34823 3169 23 term term NN 34823 3169 24 credits credit NNS 34823 3169 25 . . . 34823 3170 1 These these DT 34823 3170 2 do do VBP 34823 3170 3 not not RB 34823 3170 4 appear appear VB 34823 3170 5 anywhere anywhere RB 34823 3170 6 in in IN 34823 3170 7 our -PRON- PRP$ 34823 3170 8 figures figure NNS 34823 3170 9 . . . 34823 3171 1 A a DT 34823 3171 2 substantial substantial JJ 34823 3171 3 source source NN 34823 3171 4 of of IN 34823 3171 5 error error NN 34823 3171 6 appears appear VBZ 34823 3171 7 from from IN 34823 3171 8 this this DT 34823 3171 9 cause cause NN 34823 3171 10 in in IN 34823 3171 11 our -PRON- PRP$ 34823 3171 12 1916 1916 CD 34823 3171 13 figure figure NN 34823 3171 14 . . . 34823 3172 1 I -PRON- PRP 34823 3172 2 should should MD 34823 3172 3 think think VB 34823 3172 4 it -PRON- PRP 34823 3172 5 safe safe JJ 34823 3172 6 to to TO 34823 3172 7 put put VB 34823 3172 8 the the DT 34823 3172 9 ratio ratio NN 34823 3172 10 for for IN 34823 3172 11 foreign foreign JJ 34823 3172 12 trade trade NN 34823 3172 13 to to IN 34823 3172 14 domestic domestic JJ 34823 3172 15 trade trade NN 34823 3172 16 for for IN 34823 3172 17 1916 1916 CD 34823 3172 18 at at IN 34823 3172 19 above above IN 34823 3172 20 20 20 CD 34823 3172 21 % % NN 34823 3172 22 , , , 34823 3172 23 instead instead RB 34823 3172 24 of of IN 34823 3172 25 the the DT 34823 3172 26 17.9 17.9 CD 34823 3172 27 % % NN 34823 3172 28 our -PRON- PRP$ 34823 3172 29 table table NN 34823 3172 30 shows show NNS 34823 3172 31 . . . 34823 3173 1 The the DT 34823 3173 2 reader reader NN 34823 3173 3 will will MD 34823 3173 4 wish wish VB 34823 3173 5 to to TO 34823 3173 6 know know VB 34823 3173 7 for for IN 34823 3173 8 a a DT 34823 3173 9 given give VBN 34823 3173 10 year year NN 34823 3173 11 how how WRB 34823 3173 12 much much JJ 34823 3173 13 of of IN 34823 3173 14 the the DT 34823 3173 15 increase increase NN 34823 3173 16 or or CC 34823 3173 17 decrease decrease NN 34823 3173 18 is be VBZ 34823 3173 19 due due JJ 34823 3173 20 to to IN 34823 3173 21 physical physical JJ 34823 3173 22 growth growth NN 34823 3173 23 of of IN 34823 3173 24 business business NN 34823 3173 25 , , , 34823 3173 26 as as IN 34823 3173 27 represented represent VBN 34823 3173 28 by by IN 34823 3173 29 railway railway NN 34823 3173 30 gross gross JJ 34823 3173 31 receipts receipt NNS 34823 3173 32 , , , 34823 3173 33 and and CC 34823 3173 34 how how WRB 34823 3173 35 much much JJ 34823 3173 36 is be VBZ 34823 3173 37 due due JJ 34823 3173 38 to to IN 34823 3173 39 changes change NNS 34823 3173 40 in in IN 34823 3173 41 prices price NNS 34823 3173 42 . . . 34823 3174 1 To to TO 34823 3174 2 give give VB 34823 3174 3 this this DT 34823 3174 4 information information NN 34823 3174 5 , , , 34823 3174 6 and and CC 34823 3174 7 to to TO 34823 3174 8 make make VB 34823 3174 9 it -PRON- PRP 34823 3174 10 easy easy JJ 34823 3174 11 for for IN 34823 3174 12 a a DT 34823 3174 13 critic critic NN 34823 3174 14 to to TO 34823 3174 15 check check VB 34823 3174 16 the the DT 34823 3174 17 results result NNS 34823 3174 18 , , , 34823 3174 19 a a DT 34823 3174 20 table table NN 34823 3174 21 showing show VBG 34823 3174 22 the the DT 34823 3174 23 index index NN 34823 3174 24 numbers number NNS 34823 3174 25 from from IN 34823 3174 26 which which WDT 34823 3174 27 the the DT 34823 3174 28 figures figure NNS 34823 3174 29 for for IN 34823 3174 30 net net JJ 34823 3174 31 income income NN 34823 3174 32 are be VBP 34823 3174 33 computed compute VBN 34823 3174 34 is be VBZ 34823 3174 35 subjoined subjoin VBN 34823 3174 36 . . . 34823 3175 1 [ [ -LRB- 34823 3175 2 310 310 CD 34823 3175 3 ] ] -RRB- 34823 3175 4 TABLE TABLE NNP 34823 3175 5 I[311 I[311 NNP 34823 3175 6 ] ] -RRB- 34823 3175 7 1 1 CD 34823 3175 8 2 2 CD 34823 3175 9 3 3 CD 34823 3175 10 4 4 CD 34823 3175 11 Ratio ratio NN 34823 3175 12 of of IN 34823 3175 13 Domestic Domestic NNP 34823 3175 14 Trade Trade NNP 34823 3175 15 of of IN 34823 3175 16 Foreign Foreign NNP 34823 3175 17 Trade Trade NNP 34823 3175 18 of of IN 34823 3175 19 Foreign Foreign NNP 34823 3175 20 Calendar Calendar NNP 34823 3175 21 Net Net NNP 34823 3175 22 Income Income NNP 34823 3175 23 United United NNP 34823 3175 24 States States NNP 34823 3175 25 = = SYM 34823 3175 26 United United NNP 34823 3175 27 States States NNP 34823 3175 28 = = SYM 34823 3175 29 to to IN 34823 3175 30 Years year NNS 34823 3175 31 of of IN 34823 3175 32 the the DT 34823 3175 33 Net Net NNP 34823 3175 34 Income Income NNP 34823 3175 35 minus minus NN 34823 3175 36 Exports export NNS 34823 3175 37 at at IN 34823 3175 38 Retail Retail NNP 34823 3175 39 Domestic Domestic NNP 34823 3175 40 United United NNP 34823 3175 41 Imports Imports NNPS 34823 3175 42 at at IN 34823 3175 43 Retail Retail NNP 34823 3175 44 Prices Prices NNPS 34823 3175 45 Trade Trade NNP 34823 3175 46 States States NNPS 34823 3175 47 Prices Prices NNPS 34823 3175 48 1890 1890 CD 34823 3175 49 $ $ $ 34823 3175 50 9,300,000,000 9,300,000,000 CD 34823 3175 51 $ $ $ 34823 3175 52 8,100,000,000 8,100,000,000 CD 34823 3175 53 $ $ $ 34823 3175 54 1,300,000,000 1,300,000,000 CD 34823 3175 55 16.1 16.1 CD 34823 3175 56 % % NN 34823 3175 57 1891 1891 CD 34823 3175 58 10,400,000,000 10,400,000,000 CD 34823 3175 59 9,200,000,000 9,200,000,000 CD 34823 3175 60 1,400,000,000 1,400,000,000 CD 34823 3175 61 15.2 15.2 CD 34823 3175 62 % % NN 34823 3175 63 1892 1892 CD 34823 3175 64 10,000,000,000 10,000,000,000 CD 34823 3175 65 8,700,000,000 8,700,000,000 CD 34823 3175 66 1,400,000,000 1,400,000,000 CD 34823 3175 67 16.1 16.1 CD 34823 3175 68 % % NN 34823 3175 69 1893 1893 CD 34823 3175 70 10,100,000,000 10,100,000,000 CD 34823 3175 71 8,900,000,000 8,900,000,000 CD 34823 3175 72 1,300,000,000 1,300,000,000 CD 34823 3175 73 14.6 14.6 CD 34823 3175 74 % % NN 34823 3175 75 1894 1894 CD 34823 3175 76 8,300,000,000 8,300,000,000 CD 34823 3175 77 7,300,000,000 7,300,000,000 CD 34823 3175 78 1,200,000,000 1,200,000,000 CD 34823 3175 79 16.5 16.5 CD 34823 3175 80 % % NN 34823 3175 81 1895 1895 CD 34823 3175 82 8,400,000,000 8,400,000,000 CD 34823 3175 83 7,200,000,000 7,200,000,000 CD 34823 3175 84 1,200,000,000 1,200,000,000 CD 34823 3175 85 16.7 16.7 CD 34823 3175 86 % % NN 34823 3175 87 1896 1896 CD 34823 3175 88 7,900,000,000 7,900,000,000 CD 34823 3175 89 6,900,000,000 6,900,000,000 CD 34823 3175 90 1,500,000,000 1,500,000,000 CD 34823 3175 91 21.8 21.8 CD 34823 3175 92 % % NN 34823 3175 93 1897 1897 CD 34823 3175 94 8,000,000,000 8,000,000,000 CD 34823 3175 95 6,900,000,000 6,900,000,000 CD 34823 3175 96 1,600,000,000 1,600,000,000 CD 34823 3175 97 23.2 23.2 CD 34823 3175 98 % % NN 34823 3175 99 1898 1898 CD 34823 3175 100 9,100,000,000 9,100,000,000 CD 34823 3175 101 8,200,000,000 8,200,000,000 CD 34823 3175 102 1,900,000,000 1,900,000,000 CD 34823 3175 103 23.2 23.2 CD 34823 3175 104 % % NN 34823 3175 105 1899 1899 CD 34823 3175 106 10,900,000,000 10,900,000,000 CD 34823 3175 107 9,700,000,000 9,700,000,000 CD 34823 3175 108 1,900,000,000 1,900,000,000 CD 34823 3175 109 19.6 19.6 CD 34823 3175 110 % % NN 34823 3175 111 1900 1900 CD 34823 3175 112 12,900,000,000 12,900,000,000 CD 34823 3175 113 11,700,000,000 11,700,000,000 CD 34823 3175 114 2,200,000,000 2,200,000,000 CD 34823 3175 115 18.8 18.8 CD 34823 3175 116 % % NN 34823 3175 117 1901 1901 CD 34823 3175 118 14,600,000,000 14,600,000,000 CD 34823 3175 119 13,300,000,000 13,300,000,000 CD 34823 3175 120 2,200,000,000 2,200,000,000 CD 34823 3175 121 16.5 16.5 CD 34823 3175 122 % % NN 34823 3175 123 1902 1902 CD 34823 3175 124 15,600,000,000 15,600,000,000 CD 34823 3175 125 14,200,000,000 14,200,000,000 CD 34823 3175 126 2,000,000,000 2,000,000,000 CD 34823 3175 127 14.1 14.1 CD 34823 3175 128 % % NN 34823 3175 129 1903 1903 CD 34823 3175 130 17,700,000,000 17,700,000,000 CD 34823 3175 131 16,200,000,000 16,200,000,000 CD 34823 3175 132 2,200,000,000 2,200,000,000 CD 34823 3175 133 13.6 13.6 CD 34823 3175 134 % % NN 34823 3175 135 1904 1904 CD 34823 3175 136 18,000,000,000 18,000,000,000 CD 34823 3175 137 16,500,000,000 16,500,000,000 CD 34823 3175 138 2,200,000,000 2,200,000,000 CD 34823 3175 139 13.3 13.3 CD 34823 3175 140 % % NN 34823 3175 141 1905 1905 CD 34823 3175 142 19,600,000,000 19,600,000,000 CD 34823 3175 143 17,800,000,000 17,800,000,000 CD 34823 3175 144 2,400,000,000 2,400,000,000 CD 34823 3175 145 13.5 13.5 CD 34823 3175 146 % % NN 34823 3175 147 1906 1906 CD 34823 3175 148 21,500,000,000 21,500,000,000 CD 34823 3175 149 19,500,000,000 19,500,000,000 CD 34823 3175 150 2,700,000,000 2,700,000,000 CD 34823 3175 151 13.8 13.8 CD 34823 3175 152 % % NN 34823 3175 153 1907 1907 CD 34823 3175 154 26,600,000,000 26,600,000,000 CD 34823 3175 155 24,500,000,000 24,500,000,000 CD 34823 3175 156 2,900,000,000 2,900,000,000 CD 34823 3175 157 11.8 11.8 CD 34823 3175 158 % % NN 34823 3175 159 1908 1908 CD 34823 3175 160 23,000,000,000 23,000,000,000 CD 34823 3175 161 21,300,000,000 21,300,000,000 CD 34823 3175 162 2,600,000,000 2,600,000,000 CD 34823 3175 163 12.2 12.2 CD 34823 3175 164 % % NN 34823 3175 165 1909 1909 CD 34823 3175 166 27,600,000,000 27,600,000,000 CD 34823 3175 167 25,400,000,060 25,400,000,060 CD 34823 3175 168 2,600,000,000 2,600,000,000 CD 34823 3175 169 10.2 10.2 CD 34823 3175 170 % % NN 34823 3175 171 1910 1910 CD 34823 3175 172 30,500,000,000 30,500,000,000 CD 34823 3175 173 28,200,000,060 28,200,000,060 CD 34823 3175 174 2,800,000,000 2,800,000,000 CD 34823 3175 175 9.9 9.9 CD 34823 3175 176 % % NN 34823 3175 177 1911 1911 CD 34823 3175 178 29,600,000,000 29,600,000,000 CD 34823 3175 179 27,300,000,000 27,300,000,000 CD 34823 3175 180 3,100,000,000 3,100,000,000 CD 34823 3175 181 11.4 11.4 CD 34823 3175 182 % % NN 34823 3175 183 1912 1912 CD 34823 3175 184 33,800,000,000 33,800,000,000 CD 34823 3175 185 31,100,000,000 31,100,000,000 CD 34823 3175 186 3,600,000,000 3,600,000,000 CD 34823 3175 187 11.6 11.6 CD 34823 3175 188 % % NN 34823 3175 189 1913 1913 CD 34823 3175 190 34,800,000,000 34,800,000,000 CD 34823 3175 191 32,100,000,000 32,100,000,000 CD 34823 3175 192 3,700,000,000 3,700,000,000 CD 34823 3175 193 11.5 11.5 CD 34823 3175 194 % % NN 34823 3175 195 1914 1914 CD 34823 3175 196 32,600,000,000 32,600,000,000 CD 34823 3175 197 29,900,000,000 29,900,000,000 CD 34823 3175 198 3,200,000,000 3,200,000,000 CD 34823 3175 199 10.7 10.7 CD 34823 3175 200 % % NN 34823 3175 201 1915 1915 CD 34823 3175 202 35,400,000,000 35,400,000,000 CD 34823 3175 203 32,700,000,000 32,700,000,000 CD 34823 3175 204 5,300,000,000 5,300,000,000 CD 34823 3175 205 16.4 16.4 CD 34823 3175 206 % % NN 34823 3175 207 1916 1916 CD 34823 3175 208 49,200,000,000 49,200,000,000 CD 34823 3175 209 45,800,000,000 45,800,000,000 CD 34823 3175 210 8,200,000,000 8,200,000,000 CD 34823 3175 211 17.9 17.9 CD 34823 3175 212 % % NN 34823 3175 213 TABLE table NN 34823 3175 214 II ii CD 34823 3175 215 . . . 34823 3176 1 INDEX index NN 34823 3176 2 NUMBERS number NNS 34823 3176 3 FROM from IN 34823 3176 4 WHICH which WDT 34823 3176 5 THE the DT 34823 3176 6 FIGURES FIGURES NNP 34823 3176 7 FOR for IN 34823 3176 8 NET NET NNP 34823 3176 9 INCOME INCOME NNP 34823 3176 10 ARE are VBP 34823 3176 11 DERIVED derive VBN 34823 3176 12 1 1 CD 34823 3176 13 2 2 CD 34823 3176 14 3 3 CD 34823 3176 15 4 4 CD 34823 3176 16 Composite Composite NNP 34823 3176 17 Net Net NNP 34823 3176 18 Income[312 income[312 CD 34823 3176 19 ] ] -RRB- 34823 3176 20 Dun Dun NNP 34823 3176 21 's 's POS 34823 3176 22 Prices Prices NNPS 34823 3176 23 R. R. NNP 34823 3176 24 R. R. NNP 34823 3176 25 Gross Gross NNP 34823 3176 26 Index Index NNP 34823 3176 27 , , , 34823 3176 28 R. R. NNP 34823 3176 29 R. R. NNP 34823 3176 30 Gr Gr NNP 34823 3176 31 . . . 34823 3177 1 of of IN 34823 3177 2 the the DT 34823 3177 3 United United NNP 34823 3177 4 Calendar Calendar NNP 34823 3177 5 with with IN 34823 3177 6 base base NN 34823 3177 7 Receipts Receipts NNPS 34823 3177 8 , , , 34823 3177 9 Rcts Rcts NNPS 34823 3177 10 . . . 34823 3178 1 multiplied multiply VBN 34823 3178 2 States States NNP 34823 3178 3 in in IN 34823 3178 4 Years year NNS 34823 3178 5 in in IN 34823 3178 6 1910 1910 CD 34823 3178 7 reduced reduce VBN 34823 3178 8 to to IN 34823 3178 9 by by IN 34823 3178 10 Prices price NNS 34823 3178 11 . . . 34823 3179 1 billions billion NNS 34823 3179 2 of of IN 34823 3179 3 base base NN 34823 3179 4 of of IN 34823 3179 5 ( ( -LRB- 34823 3179 6 Column column NN 34823 3179 7 1 1 CD 34823 3179 8 × × NN 34823 3179 9 dollars dollar NNS 34823 3179 10 : : : 34823 3179 11 1910 1910 CD 34823 3179 12 column column NN 34823 3179 13 2 2 CD 34823 3179 14 . . . 34823 3179 15 ) ) -RRB- 34823 3180 1 100:30.5::(3):$ 100:30.5::(3):$ CD 34823 3180 2 1890 1890 CD 34823 3180 3 76.5 76.5 CD 34823 3180 4 39.8 39.8 CD 34823 3180 5 30.8 30.8 CD 34823 3180 6 $ $ $ 34823 3180 7 9.3 9.3 CD 34823 3180 8 billions billion NNS 34823 3180 9 1891 1891 CD 34823 3180 10 81.5 81.5 CD 34823 3180 11 42.0 42.0 CD 34823 3180 12 34.2 34.2 CD 34823 3180 13 10.4 10.4 CD 34823 3180 14 1892 1892 CD 34823 3180 15 75.6 75.6 CD 34823 3180 16 43.5 43.5 CD 34823 3180 17 32.8 32.8 CD 34823 3180 18 10.0 10.0 CD 34823 3180 19 1893 1893 CD 34823 3180 20 77.3 77.3 CD 34823 3180 21 42.9 42.9 CD 34823 3180 22 33.2 33.2 CD 34823 3180 23 10.1 10.1 CD 34823 3180 24 1894 1894 CD 34823 3180 25 71.5 71.5 CD 34823 3180 26 38.1 38.1 CD 34823 3180 27 27.2 27.2 CD 34823 3180 28 8.3 8.3 CD 34823 3180 29 1895 1895 CD 34823 3180 30 68.0 68.0 CD 34823 3180 31 40.7 40.7 CD 34823 3180 32 27.8 27.8 CD 34823 3180 33 8.4 8.4 CD 34823 3180 34 1896 1896 CD 34823 3180 35 63.8 63.8 CD 34823 3180 36 40.6 40.6 CD 34823 3180 37 25.9 25.9 CD 34823 3180 38 7.9 7.9 CD 34823 3180 39 1897 1897 CD 34823 3180 40 62.2 62.2 CD 34823 3180 41 42.4 42.4 CD 34823 3180 42 26.4 26.4 CD 34823 3180 43 8.0 8.0 CD 34823 3180 44 1898 1898 CD 34823 3180 45 66.4 66.4 CD 34823 3180 46 45.1 45.1 CD 34823 3180 47 29.9 29.9 CD 34823 3180 48 9.1 9.1 CD 34823 3180 49 1899 1899 CD 34823 3180 50 72.3 72.3 CD 34823 3180 51 49.6 49.6 CD 34823 3180 52 35.8 35.8 CD 34823 3180 53 10.9 10.9 CD 34823 3180 54 1900 1900 CD 34823 3180 55 78.1 78.1 CD 34823 3180 56 54.0 54.0 CD 34823 3180 57 42.1 42.1 CD 34823 3180 58 12.9 12.9 CD 34823 3180 59 1901 1901 CD 34823 3180 60 80.6 80.6 CD 34823 3180 61 59.4 59.4 CD 34823 3180 62 47.8 47.8 CD 34823 3180 63 14.6 14.6 CD 34823 3180 64 1902 1902 CD 34823 3180 65 84.0 84.0 CD 34823 3180 66 62.6 62.6 CD 34823 3180 67 51.3 51.3 CD 34823 3180 68 15.6 15.6 CD 34823 3180 69 1903 1903 CD 34823 3180 70 83.1 83.1 CD 34823 3180 71 70.1 70.1 CD 34823 3180 72 58.2 58.2 CD 34823 3180 73 17.7 17.7 CD 34823 3180 74 1904 1904 CD 34823 3180 75 84.0 84.0 CD 34823 3180 76 70.3 70.3 CD 34823 3180 77 59.0 59.0 CD 34823 3180 78 18.0 18.0 CD 34823 3180 79 1905 1905 CD 34823 3180 80 84.0 84.0 CD 34823 3180 81 76.4 76.4 CD 34823 3180 82 64.2 64.2 CD 34823 3180 83 19.6 19.6 CD 34823 3180 84 1906 1906 CD 34823 3180 85 88.1 88.1 CD 34823 3180 86 85.0 85.0 CD 34823 3180 87 70.5 70.5 CD 34823 3180 88 21.5 21.5 CD 34823 3180 89 1907 1907 CD 34823 3180 90 94.0 94.0 CD 34823 3180 91 92.9 92.9 CD 34823 3180 92 86.3 86.3 CD 34823 3180 93 26.6 26.6 CD 34823 3180 94 1908 1908 CD 34823 3180 95 92.4 92.4 CD 34823 3180 96 81.8 81.8 CD 34823 3180 97 75.6 75.6 CD 34823 3180 98 23.0 23.0 CD 34823 3180 99 1909 1909 CD 34823 3180 100 99.0 99.0 CD 34823 3180 101 91.7 91.7 CD 34823 3180 102 91.0 91.0 CD 34823 3180 103 27.6 27.6 CD 34823 3180 104 1910 1910 CD 34823 3180 105 100.0 100.0 CD 34823 3180 106 100.0 100.0 CD 34823 3180 107 100.0 100.0 CD 34823 3180 108 30.5 30.5 CD 34823 3180 109 1911 1911 CD 34823 3180 110 98.1 98.1 CD 34823 3180 111 99.0 99.0 CD 34823 3180 112 97.0 97.0 CD 34823 3180 113 29.6 29.6 CD 34823 3180 114 1912 1912 CD 34823 3180 115 104.1 104.1 CD 34823 3180 116 106.9 106.9 CD 34823 3180 117 111.0 111.0 CD 34823 3180 118 33.8 33.8 CD 34823 3180 119 1913 1913 CD 34823 3180 120 101.7 101.7 CD 34823 3180 121 112.5 112.5 CD 34823 3180 122 114.0 114.0 CD 34823 3180 123 34.8 34.8 CD 34823 3180 124 1914 1914 CD 34823 3180 125 102.5 102.5 CD 34823 3180 126 104.5 104.5 CD 34823 3180 127 107.0 107.0 CD 34823 3180 128 32.6 32.6 CD 34823 3180 129 1915 1915 CD 34823 3180 130 106.0 106.0 CD 34823 3180 131 110.0 110.0 CD 34823 3180 132 116.0 116.0 CD 34823 3180 133 35.4 35.4 CD 34823 3180 134 1916 1916 CD 34823 3180 135 125.0 125.0 CD 34823 3180 136 129.0 129.0 CD 34823 3180 137 161.2 161.2 CD 34823 3180 138 49.2 49.2 CD 34823 3180 139 CHAPTER CHAPTER NNP 34823 3180 140 XIV XIV NNP 34823 3180 141 THE the DT 34823 3180 142 VOLUME volume NN 34823 3180 143 OF of IN 34823 3180 144 TRADE trade NN 34823 3180 145 AND and CC 34823 3180 146 THE the DT 34823 3180 147 VOLUME volume NN 34823 3180 148 OF of IN 34823 3180 149 MONEY money NN 34823 3180 150 AND and CC 34823 3180 151 CREDIT credit NN 34823 3180 152 In in IN 34823 3180 153 the the DT 34823 3180 154 argument argument NN 34823 3180 155 so so RB 34823 3180 156 far far RB 34823 3180 157 I -PRON- PRP 34823 3180 158 have have VBP 34823 3180 159 said say VBN 34823 3180 160 nothing nothing NN 34823 3180 161 of of IN 34823 3180 162 the the DT 34823 3180 163 reverse reverse JJ 34823 3180 164 relationship relationship NN 34823 3180 165 , , , 34823 3180 166 the the DT 34823 3180 167 dependence dependence NN 34823 3180 168 of of IN 34823 3180 169 the the DT 34823 3180 170 volume volume NN 34823 3180 171 of of IN 34823 3180 172 money money NN 34823 3180 173 and and CC 34823 3180 174 the the DT 34823 3180 175 volume volume NN 34823 3180 176 of of IN 34823 3180 177 credit credit NN 34823 3180 178 on on IN 34823 3180 179 trade trade NN 34823 3180 180 . . . 34823 3181 1 The the DT 34823 3181 2 two two CD 34823 3181 3 are be VBP 34823 3181 4 indeed indeed RB 34823 3181 5 _ _ NNP 34823 3181 6 inter_dependent inter_dependent NNP 34823 3181 7 . . . 34823 3182 1 Interdependence interdependence NN 34823 3182 2 suggests suggest VBZ 34823 3182 3 circular circular JJ 34823 3182 4 theory theory NN 34823 3182 5 , , , 34823 3182 6 and and CC 34823 3182 7 is be VBZ 34823 3182 8 often often RB 34823 3182 9 a a DT 34823 3182 10 phrase phrase NN 34823 3182 11 to to TO 34823 3182 12 cover cover VB 34823 3182 13 circular circular JJ 34823 3182 14 reasoning reasoning NN 34823 3182 15 . . . 34823 3183 1 [ [ -LRB- 34823 3183 2 313 313 CD 34823 3183 3 ] ] -RRB- 34823 3183 4 In in IN 34823 3183 5 the the DT 34823 3183 6 case case NN 34823 3183 7 of of IN 34823 3183 8 the the DT 34823 3183 9 relation relation NN 34823 3183 10 under under IN 34823 3183 11 discussion discussion NN 34823 3183 12 , , , 34823 3183 13 however however RB 34823 3183 14 , , , 34823 3183 15 I -PRON- PRP 34823 3183 16 have have VBP 34823 3183 17 , , , 34823 3183 18 I -PRON- PRP 34823 3183 19 trust trust VBP 34823 3183 20 , , , 34823 3183 21 already already RB 34823 3183 22 abundantly abundantly RB 34823 3183 23 protected protect VBD 34823 3183 24 myself -PRON- PRP 34823 3183 25 against against IN 34823 3183 26 the the DT 34823 3183 27 charge charge NN 34823 3183 28 of of IN 34823 3183 29 circular circular JJ 34823 3183 30 reasoning reasoning NN 34823 3183 31 by by IN 34823 3183 32 _ _ NNP 34823 3183 33 denying deny VBG 34823 3183 34 _ _ NNP 34823 3183 35 that that IN 34823 3183 36 either either DT 34823 3183 37 volume volume NN 34823 3183 38 of of IN 34823 3183 39 money money NN 34823 3183 40 and and CC 34823 3183 41 credit credit NN 34823 3183 42 on on IN 34823 3183 43 the the DT 34823 3183 44 one one CD 34823 3183 45 hand hand NN 34823 3183 46 , , , 34823 3183 47 or or CC 34823 3183 48 volume volume NN 34823 3183 49 of of IN 34823 3183 50 trade trade NN 34823 3183 51 on on IN 34823 3183 52 the the DT 34823 3183 53 other other JJ 34823 3183 54 hand hand NN 34823 3183 55 , , , 34823 3183 56 is be VBZ 34823 3183 57 a a DT 34823 3183 58 true true JJ 34823 3183 59 cause cause NN 34823 3183 60 at at RB 34823 3183 61 all all RB 34823 3183 62 . . . 34823 3184 1 Both both DT 34823 3184 2 are be VBP 34823 3184 3 mere mere JJ 34823 3184 4 abstract abstract JJ 34823 3184 5 names name NNS 34823 3184 6 , , , 34823 3184 7 designating designate VBG 34823 3184 8 highly highly RB 34823 3184 9 heterogeneous heterogeneous JJ 34823 3184 10 individual individual JJ 34823 3184 11 occurrences occurrence NNS 34823 3184 12 , , , 34823 3184 13 which which WDT 34823 3184 14 , , , 34823 3184 15 _ _ NNP 34823 3184 16 individually individually RB 34823 3184 17 _ _ NNP 34823 3184 18 are be VBP 34823 3184 19 cause cause NN 34823 3184 20 or or CC 34823 3184 21 effect effect NN 34823 3184 22 . . . 34823 3185 1 In in IN 34823 3185 2 general general JJ 34823 3185 3 , , , 34823 3185 4 both both DT 34823 3185 5 volume volume NN 34823 3185 6 of of IN 34823 3185 7 money money NN 34823 3185 8 and and CC 34823 3185 9 credit credit NN 34823 3185 10 , , , 34823 3185 11 on on IN 34823 3185 12 the the DT 34823 3185 13 one one CD 34823 3185 14 hand hand NN 34823 3185 15 , , , 34823 3185 16 and and CC 34823 3185 17 volume volume NN 34823 3185 18 of of IN 34823 3185 19 trade trade NN 34823 3185 20 on on IN 34823 3185 21 the the DT 34823 3185 22 other other JJ 34823 3185 23 hand hand NN 34823 3185 24 , , , 34823 3185 25 are be VBP 34823 3185 26 results result NNS 34823 3185 27 of of IN 34823 3185 28 common common JJ 34823 3185 29 causes cause NNS 34823 3185 30 , , , 34823 3185 31 which which WDT 34823 3185 32 are be VBP 34823 3185 33 the the DT 34823 3185 34 _ _ NNP 34823 3185 35 veræ veræ NNP 34823 3185 36 causæ causæ NNP 34823 3185 37 _ _ NNP 34823 3185 38 of of IN 34823 3185 39 economic economic JJ 34823 3185 40 phenomena phenomenon NNS 34823 3185 41 -- -- : 34823 3185 42 values value NNS 34823 3185 43 , , , 34823 3185 44 psychological psychological JJ 34823 3185 45 phenomena phenomenon NNS 34823 3185 46 . . . 34823 3186 1 The the DT 34823 3186 2 whole whole JJ 34823 3186 3 thing thing NN 34823 3186 4 is be VBZ 34823 3186 5 to to TO 34823 3186 6 be be VB 34823 3186 7 explained explain VBN 34823 3186 8 immediately immediately RB 34823 3186 9 and and CC 34823 3186 10 primarily primarily RB 34823 3186 11 in in IN 34823 3186 12 terms term NNS 34823 3186 13 of of IN 34823 3186 14 social social JJ 34823 3186 15 relationships relationship NNS 34823 3186 16 and and CC 34823 3186 17 mental mental JJ 34823 3186 18 processes,--in processes,--in JJ 34823 3186 19 terms term NNS 34823 3186 20 of of IN 34823 3186 21 social social JJ 34823 3186 22 values value NNS 34823 3186 23 . . . 34823 3187 1 To to TO 34823 3187 2 show show VB 34823 3187 3 that that IN 34823 3187 4 increasing increase VBG 34823 3187 5 trade trade NN 34823 3187 6 tends tend VBZ 34823 3187 7 to to TO 34823 3187 8 increase increase VB 34823 3187 9 money money NN 34823 3187 10 and and CC 34823 3187 11 credit credit NN 34823 3187 12 is be VBZ 34823 3187 13 not not RB 34823 3187 14 difficult difficult JJ 34823 3187 15 . . . 34823 3188 1 If if IN 34823 3188 2 one one PRP 34823 3188 3 may may MD 34823 3188 4 venture venture VB 34823 3188 5 a a DT 34823 3188 6 hypothetical hypothetical JJ 34823 3188 7 illustration illustration NN 34823 3188 8 -- -- : 34823 3188 9 and and CC 34823 3188 10 the the DT 34823 3188 11 sort sort NN 34823 3188 12 of of IN 34823 3188 13 hypothetical hypothetical JJ 34823 3188 14 illustrations illustration NNS 34823 3188 15 , , , 34823 3188 16 like like IN 34823 3188 17 the the DT 34823 3188 18 dodo dodo NN 34823 3188 19 - - HYPH 34823 3188 20 bone bone NN 34823 3188 21 case case NN 34823 3188 22 , , , 34823 3188 23 of of IN 34823 3188 24 which which WDT 34823 3188 25 quantity quantity NN 34823 3188 26 theorists theorist NNS 34823 3188 27 are be VBP 34823 3188 28 fond fond JJ 34823 3188 29 make make VBP 34823 3188 30 one one CD 34823 3188 31 hesitate hesitate VB 34823 3188 32 to to TO 34823 3188 33 do do VB 34823 3188 34 so so RB 34823 3188 35 -- -- : 34823 3188 36 let let VB 34823 3188 37 us -PRON- PRP 34823 3188 38 assume assume VB 34823 3188 39 a a DT 34823 3188 40 communistic communistic JJ 34823 3188 41 community community NN 34823 3188 42 , , , 34823 3188 43 isolated isolate VBN 34823 3188 44 from from IN 34823 3188 45 other other JJ 34823 3188 46 markets market NNS 34823 3188 47 , , , 34823 3188 48 with with IN 34823 3188 49 a a DT 34823 3188 50 developed developed JJ 34823 3188 51 system system NN 34823 3188 52 of of IN 34823 3188 53 production production NN 34823 3188 54 , , , 34823 3188 55 including include VBG 34823 3188 56 an an DT 34823 3188 57 extensive extensive JJ 34823 3188 58 use use NN 34823 3188 59 of of IN 34823 3188 60 gold gold NN 34823 3188 61 in in IN 34823 3188 62 the the DT 34823 3188 63 arts art NNS 34823 3188 64 . . . 34823 3189 1 Let let VB 34823 3189 2 the the DT 34823 3189 3 communistic communistic JJ 34823 3189 4 régime régime NN 34823 3189 5 gradually gradually RB 34823 3189 6 pass pass VB 34823 3189 7 over over RP 34823 3189 8 to to IN 34823 3189 9 an an DT 34823 3189 10 individualistic individualistic JJ 34823 3189 11 régime régime NN 34823 3189 12 . . . 34823 3190 1 Assume assume VB 34823 3190 2 that that IN 34823 3190 3 the the DT 34823 3190 4 inhabitants inhabitant NNS 34823 3190 5 are be VBP 34823 3190 6 acquainted acquaint VBN 34823 3190 7 with with IN 34823 3190 8 the the DT 34823 3190 9 use use NN 34823 3190 10 of of IN 34823 3190 11 gold gold NN 34823 3190 12 as as IN 34823 3190 13 money money NN 34823 3190 14 , , , 34823 3190 15 and and CC 34823 3190 16 that that IN 34823 3190 17 their -PRON- PRP$ 34823 3190 18 government government NN 34823 3190 19 is be VBZ 34823 3190 20 willing willing JJ 34823 3190 21 to to TO 34823 3190 22 coin coin VB 34823 3190 23 it -PRON- PRP 34823 3190 24 freely freely RB 34823 3190 25 . . . 34823 3191 1 As as IN 34823 3191 2 individualism individualism NN 34823 3191 3 spreads spread VBZ 34823 3191 4 , , , 34823 3191 5 and and CC 34823 3191 6 trade trade NN 34823 3191 7 grows grow NNS 34823 3191 8 , , , 34823 3191 9 will will MD 34823 3191 10 not not RB 34823 3191 11 more more RBR 34823 3191 12 and and CC 34823 3191 13 more more JJR 34823 3191 14 gold gold NN 34823 3191 15 be be VB 34823 3191 16 taken take VBN 34823 3191 17 to to IN 34823 3191 18 the the DT 34823 3191 19 mints mint NNS 34823 3191 20 ? ? . 34823 3192 1 I -PRON- PRP 34823 3192 2 am be VBP 34823 3192 3 not not RB 34823 3192 4 here here RB 34823 3192 5 concerned concerned JJ 34823 3192 6 with with IN 34823 3192 7 the the DT 34823 3192 8 principles principle NNS 34823 3192 9 determining determine VBG 34823 3192 10 the the DT 34823 3192 11 apportionment apportionment NN 34823 3192 12 of of IN 34823 3192 13 gold gold NN 34823 3192 14 between between IN 34823 3192 15 the the DT 34823 3192 16 money money NN 34823 3192 17 employment employment NN 34823 3192 18 and and CC 34823 3192 19 the the DT 34823 3192 20 arts art NNS 34823 3192 21 . . . 34823 3193 1 It -PRON- PRP 34823 3193 2 is be VBZ 34823 3193 3 enough enough JJ 34823 3193 4 to to TO 34823 3193 5 show show VB 34823 3193 6 that that IN 34823 3193 7 expanding expand VBG 34823 3193 8 trade trade NN 34823 3193 9 tends tend VBZ 34823 3193 10 to to TO 34823 3193 11 increase increase VB 34823 3193 12 the the DT 34823 3193 13 volume volume NN 34823 3193 14 of of IN 34823 3193 15 money money NN 34823 3193 16 . . . 34823 3194 1 Assume assume VB 34823 3194 2 that that IN 34823 3194 3 the the DT 34823 3194 4 money money NN 34823 3194 5 supply supply NN 34823 3194 6 meets meet VBZ 34823 3194 7 difficulties difficulty NNS 34823 3194 8 in in IN 34823 3194 9 its -PRON- PRP$ 34823 3194 10 expansion expansion NN 34823 3194 11 . . . 34823 3195 1 Is be VBZ 34823 3195 2 there there EX 34823 3195 3 not not RB 34823 3195 4 at at IN 34823 3195 5 once once RB 34823 3195 6 an an DT 34823 3195 7 incentive incentive NN 34823 3195 8 to to TO 34823 3195 9 extend extend VB 34823 3195 10 credit credit NN 34823 3195 11 ? ? . 34823 3196 1 The the DT 34823 3196 2 seller seller NN 34823 3196 3 finds find VBZ 34823 3196 4 his -PRON- PRP$ 34823 3196 5 customers customer NNS 34823 3196 6 unwilling unwilling JJ 34823 3196 7 to to TO 34823 3196 8 buy buy VB 34823 3196 9 for for IN 34823 3196 10 cash cash NN 34823 3196 11 , , , 34823 3196 12 in in IN 34823 3196 13 amounts amount NNS 34823 3196 14 as as RB 34823 3196 15 great great JJ 34823 3196 16 as as IN 34823 3196 17 before before RB 34823 3196 18 . . . 34823 3197 1 In in IN 34823 3197 2 order order NN 34823 3197 3 to to TO 34823 3197 4 sell sell VB 34823 3197 5 as as RB 34823 3197 6 much much JJ 34823 3197 7 as as IN 34823 3197 8 before before RB 34823 3197 9 ( ( -LRB- 34823 3197 10 assuming assume VBG 34823 3197 11 that that IN 34823 3197 12 the the DT 34823 3197 13 use use NN 34823 3197 14 of of IN 34823 3197 15 credit credit NN 34823 3197 16 is be VBZ 34823 3197 17 known know VBN 34823 3197 18 , , , 34823 3197 19 to to TO 34823 3197 20 avoid avoid VB 34823 3197 21 trouble trouble NN 34823 3197 22 with with IN 34823 3197 23 historical historical JJ 34823 3197 24 origins origin NNS 34823 3197 25 ) ) -RRB- 34823 3197 26 , , , 34823 3197 27 he -PRON- PRP 34823 3197 28 extends extend VBZ 34823 3197 29 credit,--which credit,--which NNP 34823 3197 30 , , , 34823 3197 31 when when WRB 34823 3197 32 practiced practice VBN 34823 3197 33 generally generally RB 34823 3197 34 , , , 34823 3197 35 lightens lighten VBZ 34823 3197 36 the the DT 34823 3197 37 strain strain NN 34823 3197 38 on on IN 34823 3197 39 the the DT 34823 3197 40 money money NN 34823 3197 41 supply supply NN 34823 3197 42 . . . 34823 3198 1 I -PRON- PRP 34823 3198 2 have have VBP 34823 3198 3 so so RB 34823 3198 4 far far RB 34823 3198 5 said say VBD 34823 3198 6 nothing nothing NN 34823 3198 7 of of IN 34823 3198 8 the the DT 34823 3198 9 case case NN 34823 3198 10 where where WRB 34823 3198 11 there there EX 34823 3198 12 are be VBP 34823 3198 13 stocks stock NNS 34823 3198 14 of of IN 34823 3198 15 the the DT 34823 3198 16 money money NN 34823 3198 17 metal metal NN 34823 3198 18 to to TO 34823 3198 19 be be VB 34823 3198 20 got get VBN 34823 3198 21 from from IN 34823 3198 22 outside outside JJ 34823 3198 23 markets market NNS 34823 3198 24 . . . 34823 3199 1 But but CC 34823 3199 2 if if IN 34823 3199 3 a a DT 34823 3199 4 country country NN 34823 3199 5 is be VBZ 34823 3199 6 expanding expand VBG 34823 3199 7 its -PRON- PRP$ 34823 3199 8 trade trade NN 34823 3199 9 , , , 34823 3199 10 does do VBZ 34823 3199 11 not not RB 34823 3199 12 money money NN 34823 3199 13 come come VB 34823 3199 14 in in RP 34823 3199 15 ? ? . 34823 3200 1 The the DT 34823 3200 2 quantity quantity NN 34823 3200 3 theorists theorist NNS 34823 3200 4 would would MD 34823 3200 5 , , , 34823 3200 6 indeed indeed RB 34823 3200 7 , , , 34823 3200 8 admit admit VB 34823 3200 9 this this DT 34823 3200 10 , , , 34823 3200 11 in in IN 34823 3200 12 general general JJ 34823 3200 13 , , , 34823 3200 14 though though IN 34823 3200 15 their -PRON- PRP$ 34823 3200 16 reason reason NN 34823 3200 17 is be VBZ 34823 3200 18 a a DT 34823 3200 19 bad bad JJ 34823 3200 20 one one NN 34823 3200 21 , , , 34823 3200 22 namely namely RB 34823 3200 23 : : : 34823 3200 24 that that IN 34823 3200 25 expanding expand VBG 34823 3200 26 trade trade NN 34823 3200 27 lowers lower NNS 34823 3200 28 prices price NNS 34823 3200 29 , , , 34823 3200 30 and and CC 34823 3200 31 lower low JJR 34823 3200 32 prices price NNS 34823 3200 33 make make VBP 34823 3200 34 the the DT 34823 3200 35 market market NN 34823 3200 36 attractive attractive JJ 34823 3200 37 to to IN 34823 3200 38 foreign foreign JJ 34823 3200 39 buyers buyer NNS 34823 3200 40 , , , 34823 3200 41 who who WP 34823 3200 42 then then RB 34823 3200 43 send send VBP 34823 3200 44 in in IN 34823 3200 45 money money NN 34823 3200 46 for for IN 34823 3200 47 the the DT 34823 3200 48 goods good NNS 34823 3200 49 . . . 34823 3201 1 I -PRON- PRP 34823 3201 2 shall shall MD 34823 3201 3 later later RB 34823 3201 4 discuss discuss VB 34823 3201 5 this this DT 34823 3201 6 aspect aspect NN 34823 3201 7 of of IN 34823 3201 8 the the DT 34823 3201 9 theory theory NN 34823 3201 10 . . . 34823 3202 1 [ [ -LRB- 34823 3202 2 314 314 CD 34823 3202 3 ] ] -RRB- 34823 3202 4 For for IN 34823 3202 5 the the DT 34823 3202 6 present present NN 34823 3202 7 , , , 34823 3202 8 I -PRON- PRP 34823 3202 9 merely merely RB 34823 3202 10 interject interject VBP 34823 3202 11 the the DT 34823 3202 12 question question NN 34823 3202 13 as as IN 34823 3202 14 to to IN 34823 3202 15 the the DT 34823 3202 16 probability probability NN 34823 3202 17 of of IN 34823 3202 18 an an DT 34823 3202 19 expansion expansion NN 34823 3202 20 of of IN 34823 3202 21 trade trade NN 34823 3202 22 when when WRB 34823 3202 23 prices price NNS 34823 3202 24 are be VBP 34823 3202 25 falling fall VBG 34823 3202 26 . . . 34823 3203 1 Increasing increase VBG 34823 3203 2 _ _ NNP 34823 3203 3 stocks stock NNS 34823 3203 4 _ _ NNP 34823 3203 5 of of IN 34823 3203 6 particular particular JJ 34823 3203 7 goods good NNS 34823 3203 8 may may MD 34823 3203 9 well well RB 34823 3203 10 mean mean VB 34823 3203 11 lower low JJR 34823 3203 12 prices price NNS 34823 3203 13 for for IN 34823 3203 14 these these DT 34823 3203 15 goods good NNS 34823 3203 16 and and CC 34823 3203 17 if if IN 34823 3203 18 they -PRON- PRP 34823 3203 19 be be VBP 34823 3203 20 articles article NNS 34823 3203 21 of of IN 34823 3203 22 export export NN 34823 3203 23 the the DT 34823 3203 24 lower low JJR 34823 3203 25 prices price NNS 34823 3203 26 may may MD 34823 3203 27 well well RB 34823 3203 28 increase increase VB 34823 3203 29 the the DT 34823 3203 30 export export NN 34823 3203 31 trade trade NN 34823 3203 32 , , , 34823 3203 33 and and CC 34823 3203 34 bring bring VB 34823 3203 35 money money NN 34823 3203 36 in in RP 34823 3203 37 . . . 34823 3204 1 But but CC 34823 3204 2 this this DT 34823 3204 3 increase increase NN 34823 3204 4 in in IN 34823 3204 5 _ _ NNP 34823 3204 6 stocks stock NNS 34823 3204 7 _ _ NNP 34823 3204 8 of of IN 34823 3204 9 articles article NNS 34823 3204 10 of of IN 34823 3204 11 _ _ NNP 34823 3204 12 export export NN 34823 3204 13 _ _ NNP 34823 3204 14 is be VBZ 34823 3204 15 very very RB 34823 3204 16 different different JJ 34823 3204 17 from from IN 34823 3204 18 total total JJ 34823 3204 19 _ _ NNP 34823 3204 20 trade trade NN 34823 3204 21 _ _ NNP 34823 3204 22 within within IN 34823 3204 23 the the DT 34823 3204 24 country country NN 34823 3204 25 ; ; , 34823 3204 26 and and CC 34823 3204 27 lower low JJR 34823 3204 28 prices price NNS 34823 3204 29 in in IN 34823 3204 30 articles article NNS 34823 3204 31 of of IN 34823 3204 32 export export NN 34823 3204 33 are be VBP 34823 3204 34 very very RB 34823 3204 35 different different JJ 34823 3204 36 from from IN 34823 3204 37 a a DT 34823 3204 38 generally generally RB 34823 3204 39 lower low JJR 34823 3204 40 price price NN 34823 3204 41 - - HYPH 34823 3204 42 level level NN 34823 3204 43 . . . 34823 3205 1 [ [ -LRB- 34823 3205 2 315 315 CD 34823 3205 3 ] ] -RRB- 34823 3205 4 Will Will MD 34823 3205 5 expanding expand VBG 34823 3205 6 trade trade NN 34823 3205 7 in in IN 34823 3205 8 a a DT 34823 3205 9 country country NN 34823 3205 10 increase increase NN 34823 3205 11 credit credit NN 34823 3205 12 ? ? . 34823 3206 1 I -PRON- PRP 34823 3206 2 come come VBP 34823 3206 3 here here RB 34823 3206 4 to to IN 34823 3206 5 one one CD 34823 3206 6 of of IN 34823 3206 7 the the DT 34823 3206 8 striking strike VBG 34823 3206 9 features feature NNS 34823 3206 10 of of IN 34823 3206 11 Fisher Fisher NNP 34823 3206 12 's 's POS 34823 3206 13 doctrine doctrine NN 34823 3206 14 -- -- : 34823 3206 15 a a DT 34823 3206 16 feature feature NN 34823 3206 17 in in IN 34823 3206 18 which which WDT 34823 3206 19 I -PRON- PRP 34823 3206 20 think think VBP 34823 3206 21 he -PRON- PRP 34823 3206 22 is be VBZ 34823 3206 23 fundamentally fundamentally RB 34823 3206 24 true true JJ 34823 3206 25 to to IN 34823 3206 26 the the DT 34823 3206 27 quantity quantity NN 34823 3206 28 theory theory NN 34823 3206 29 . . . 34823 3207 1 He -PRON- PRP 34823 3207 2 finds find VBZ 34823 3207 3 no no DT 34823 3207 4 way way NN 34823 3207 5 in in IN 34823 3207 6 which which WDT 34823 3207 7 expanding expand VBG 34823 3207 8 trade trade NN 34823 3207 9 can can MD 34823 3207 10 directly directly RB 34823 3207 11 increase increase VB 34823 3207 12 credit credit NN 34823 3207 13 . . . 34823 3208 1 Expanding expand VBG 34823 3208 2 trade trade NN 34823 3208 3 can can MD 34823 3208 4 increase increase VB 34823 3208 5 credit credit NN 34823 3208 6 , , , 34823 3208 7 ( ( -LRB- 34823 3208 8 a a LS 34823 3208 9 ) ) -RRB- 34823 3208 10 only only RB 34823 3208 11 by by IN 34823 3208 12 changing change VBG 34823 3208 13 the the DT 34823 3208 14 habits habit NNS 34823 3208 15 of of IN 34823 3208 16 the the DT 34823 3208 17 people people NNS 34823 3208 18 , , , 34823 3208 19 so so IN 34823 3208 20 as as IN 34823 3208 21 to to TO 34823 3208 22 alter alter VB 34823 3208 23 the the DT 34823 3208 24 ratio ratio NN 34823 3208 25 , , , 34823 3208 26 M m NN 34823 3208 27 to to IN 34823 3208 28 M M NNP 34823 3208 29 ´ ´ CD 34823 3208 30 , , , 34823 3208 31 or or CC 34823 3208 32 ( ( -LRB- 34823 3208 33 b b NN 34823 3208 34 ) ) -RRB- 34823 3208 35 by by IN 34823 3208 36 reducing reduce VBG 34823 3208 37 the the DT 34823 3208 38 price price NN 34823 3208 39 - - HYPH 34823 3208 40 level level NN 34823 3208 41 , , , 34823 3208 42 and and CC 34823 3208 43 so so RB 34823 3208 44 bringing bring VBG 34823 3208 45 in in RP 34823 3208 46 money money NN 34823 3208 47 from from IN 34823 3208 48 abroad abroad RB 34823 3208 49 , , , 34823 3208 50 whence whence NN 34823 3208 51 , , , 34823 3208 52 as as IN 34823 3208 53 M M NNP 34823 3208 54 is be VBZ 34823 3208 55 now now RB 34823 3208 56 increased increase VBN 34823 3208 57 , , , 34823 3208 58 M M NNP 34823 3208 59 ´ ´ NNP 34823 3208 60 rises rise VBZ 34823 3208 61 proportionately proportionately RB 34823 3208 62 . . . 34823 3209 1 " " `` 34823 3209 2 An an DT 34823 3209 3 increase increase NN 34823 3209 4 in in IN 34823 3209 5 the the DT 34823 3209 6 volume volume NN 34823 3209 7 of of IN 34823 3209 8 trade trade NN 34823 3209 9 in in IN 34823 3209 10 any any DT 34823 3209 11 one one CD 34823 3209 12 country country NN 34823 3209 13 , , , 34823 3209 14 say say VBP 34823 3209 15 the the DT 34823 3209 16 United United NNP 34823 3209 17 States States NNP 34823 3209 18 , , , 34823 3209 19 ultimately ultimately RB 34823 3209 20 increases increase VBZ 34823 3209 21 the the DT 34823 3209 22 money money NN 34823 3209 23 in in IN 34823 3209 24 circulation circulation NN 34823 3209 25 ( ( -LRB- 34823 3209 26 M m NN 34823 3209 27 ) ) -RRB- 34823 3209 28 . . . 34823 3210 1 In in IN 34823 3210 2 no no DT 34823 3210 3 other other JJ 34823 3210 4 way way NN 34823 3210 5 could could MD 34823 3210 6 there there EX 34823 3210 7 be be VB 34823 3210 8 avoided avoid VBN 34823 3210 9 a a DT 34823 3210 10 depression depression NN 34823 3210 11 in in IN 34823 3210 12 the the DT 34823 3210 13 price price NN 34823 3210 14 - - HYPH 34823 3210 15 level level NN 34823 3210 16 in in IN 34823 3210 17 the the DT 34823 3210 18 United United NNP 34823 3210 19 States States NNP 34823 3210 20 as as IN 34823 3210 21 compared compare VBN 34823 3210 22 with with IN 34823 3210 23 foreign foreign JJ 34823 3210 24 countries country NNS 34823 3210 25 . . . 34823 3211 1 [ [ -LRB- 34823 3211 2 He -PRON- PRP 34823 3211 3 should should MD 34823 3211 4 say say VB 34823 3211 5 , , , 34823 3211 6 from from IN 34823 3211 7 the the DT 34823 3211 8 standpoint standpoint NN 34823 3211 9 of of IN 34823 3211 10 his -PRON- PRP$ 34823 3211 11 theory theory NN 34823 3211 12 , , , 34823 3211 13 that that IN 34823 3211 14 increasing increase VBG 34823 3211 15 trade trade NN 34823 3211 16 will will MD 34823 3211 17 cause cause VB 34823 3211 18 a a DT 34823 3211 19 fall fall NN 34823 3211 20 in in IN 34823 3211 21 the the DT 34823 3211 22 price price NN 34823 3211 23 - - HYPH 34823 3211 24 level level NN 34823 3211 25 , , , 34823 3211 26 and and CC 34823 3211 27 so so RB 34823 3211 28 bring bring VB 34823 3211 29 in in RP 34823 3211 30 more more JJR 34823 3211 31 money money NN 34823 3211 32 . . . 34823 3211 33 ] ] -RRB- 34823 3212 1 _ _ NNP 34823 3212 2 The the DT 34823 3212 3 increase increase NN 34823 3212 4 in in IN 34823 3212 5 M m NN 34823 3212 6 brings bring VBZ 34823 3212 7 about about RP 34823 3212 8 a a DT 34823 3212 9 proportionate proportionate JJ 34823 3212 10 increase increase NN 34823 3212 11 in in IN 34823 3212 12 M´._[316 m´._[316 CD 34823 3212 13 ] ] -RRB- 34823 3212 14 Besides besides IN 34823 3212 15 this this DT 34823 3212 16 effect effect NN 34823 3212 17 , , , 34823 3212 18 the the DT 34823 3212 19 increase increase NN 34823 3212 20 in in IN 34823 3212 21 trade trade NN 34823 3212 22 undoubtedly undoubtedly RB 34823 3212 23 has have VBZ 34823 3212 24 some some DT 34823 3212 25 effect effect NN 34823 3212 26 in in IN 34823 3212 27 modifying modify VBG 34823 3212 28 the the DT 34823 3212 29 habits habit NNS 34823 3212 30 of of IN 34823 3212 31 the the DT 34823 3212 32 community community NN 34823 3212 33 with with IN 34823 3212 34 regard regard NN 34823 3212 35 to to IN 34823 3212 36 the the DT 34823 3212 37 _ _ NNP 34823 3212 38 proportion proportion NN 34823 3212 39 _ _ NNP 34823 3212 40 of of IN 34823 3212 41 check check NN 34823 3212 42 and and CC 34823 3212 43 cash cash NN 34823 3212 44 transactions transaction NNS 34823 3212 45 , , , 34823 3212 46 and and CC 34823 3212 47 so so RB 34823 3212 48 tends tend VBZ 34823 3212 49 somewhat somewhat RB 34823 3212 50 to to TO 34823 3212 51 increase increase VB 34823 3212 52 M M NNP 34823 3212 53 ´ ´ CD 34823 3212 54 relatively relatively RB 34823 3212 55 to to IN 34823 3212 56 M m NN 34823 3212 57 ; ; : 34823 3212 58 as as IN 34823 3212 59 a a DT 34823 3212 60 country country NN 34823 3212 61 grows grow VBZ 34823 3212 62 more more RBR 34823 3212 63 commercial commercial JJ 34823 3212 64 the the DT 34823 3212 65 need need NN 34823 3212 66 for for IN 34823 3212 67 the the DT 34823 3212 68 use use NN 34823 3212 69 of of IN 34823 3212 70 checks check NNS 34823 3212 71 is be VBZ 34823 3212 72 more more RBR 34823 3212 73 strikingly strikingly RB 34823 3212 74 felt feel VBN 34823 3212 75 . . . 34823 3213 1 " " `` 34823 3213 2 [ [ -LRB- 34823 3213 3 317 317 CD 34823 3213 4 ] ] -RRB- 34823 3213 5 In in IN 34823 3213 6 a a DT 34823 3213 7 footnote footnote NN 34823 3213 8 to to IN 34823 3213 9 this this DT 34823 3213 10 paragraph paragraph NN 34823 3213 11 , , , 34823 3213 12 he -PRON- PRP 34823 3213 13 defines define VBZ 34823 3213 14 the the DT 34823 3213 15 issue issue NN 34823 3213 16 still still RB 34823 3213 17 more more RBR 34823 3213 18 sharply sharply RB 34823 3213 19 . . . 34823 3214 1 " " `` 34823 3214 2 This this DT 34823 3214 3 is be VBZ 34823 3214 4 very very RB 34823 3214 5 far far RB 34823 3214 6 from from IN 34823 3214 7 asserting assert VBG 34823 3214 8 as as IN 34823 3214 9 Laughlin Laughlin NNP 34823 3214 10 does do VBZ 34823 3214 11 that that DT 34823 3214 12 ' ' '' 34823 3214 13 The the DT 34823 3214 14 limit limit NN 34823 3214 15 to to IN 34823 3214 16 the the DT 34823 3214 17 increase increase NN 34823 3214 18 in in IN 34823 3214 19 legitimate legitimate JJ 34823 3214 20 credit credit NN 34823 3214 21 operations operation NNS 34823 3214 22 is be VBZ 34823 3214 23 always always RB 34823 3214 24 expansible expansible JJ 34823 3214 25 with with IN 34823 3214 26 the the DT 34823 3214 27 increase increase NN 34823 3214 28 in in IN 34823 3214 29 the the DT 34823 3214 30 actual actual JJ 34823 3214 31 movement movement NN 34823 3214 32 of of IN 34823 3214 33 goods good NNS 34823 3214 34 ' ' POS 34823 3214 35 ; ; : 34823 3214 36 see see VB 34823 3214 37 _ _ NNP 34823 3214 38 Principles Principles NNPS 34823 3214 39 of of IN 34823 3214 40 Money_,[318 Money_,[318 NNP 34823 3214 41 ] ] -RRB- 34823 3214 42 New New NNP 34823 3214 43 York York NNP 34823 3214 44 ( ( -LRB- 34823 3214 45 Scribner Scribner NNP 34823 3214 46 ) ) -RRB- 34823 3214 47 , , , 34823 3214 48 1903 1903 CD 34823 3214 49 , , , 34823 3214 50 p. p. NN 34823 3214 51 82 82 CD 34823 3214 52 . . . 34823 3215 1 We -PRON- PRP 34823 3215 2 have have VBP 34823 3215 3 seen see VBN 34823 3215 4 , , , 34823 3215 5 in in IN 34823 3215 6 Chapter Chapter NNP 34823 3215 7 IV IV NNP 34823 3215 8 , , , 34823 3215 9 that that DT 34823 3215 10 deposit deposit NN 34823 3215 11 currency currency NN 34823 3215 12 is be VBZ 34823 3215 13 proportional proportional JJ 34823 3215 14 to to IN 34823 3215 15 the the DT 34823 3215 16 amount amount NN 34823 3215 17 of of IN 34823 3215 18 money money NN 34823 3215 19 ; ; : 34823 3215 20 a a DT 34823 3215 21 change change NN 34823 3215 22 in in IN 34823 3215 23 trade trade NN 34823 3215 24 may may MD 34823 3215 25 indirectly indirectly RB 34823 3215 26 , , , 34823 3215 27 _ _ NNP 34823 3215 28 i. i. NNP 34823 3216 1 e. e. NNP 34823 3216 2 _ _ NNP 34823 3216 3 , , , 34823 3216 4 by by IN 34823 3216 5 changing change VBG 34823 3216 6 the the DT 34823 3216 7 _ _ NNP 34823 3216 8 habits habit NNS 34823 3216 9 _ _ NNP 34823 3216 10 of of IN 34823 3216 11 the the DT 34823 3216 12 community community NN 34823 3216 13 , , , 34823 3216 14 influence influence VB 34823 3216 15 the the DT 34823 3216 16 proportion proportion NN 34823 3216 17 , , , 34823 3216 18 but but CC 34823 3216 19 , , , 34823 3216 20 except except IN 34823 3216 21 for for IN 34823 3216 22 transition transition NN 34823 3216 23 periods period NNS 34823 3216 24 , , , 34823 3216 25 it -PRON- PRP 34823 3216 26 can can MD 34823 3216 27 not not RB 34823 3216 28 influence influence VB 34823 3216 29 it -PRON- PRP 34823 3216 30 directly directly RB 34823 3216 31 . . . 34823 3217 1 " " `` 34823 3217 2 [ [ -LRB- 34823 3217 3 319 319 CD 34823 3217 4 ] ] -RRB- 34823 3217 5 My -PRON- PRP$ 34823 3217 6 own own JJ 34823 3217 7 explanation explanation NN 34823 3217 8 of of IN 34823 3217 9 the the DT 34823 3217 10 causal causal JJ 34823 3217 11 sequence sequence NN 34823 3217 12 whereby whereby IN 34823 3217 13 expanding expand VBG 34823 3217 14 trade trade NN 34823 3217 15 brings bring VBZ 34823 3217 16 money money NN 34823 3217 17 into into IN 34823 3217 18 a a DT 34823 3217 19 country country NN 34823 3217 20 would would MD 34823 3217 21 be be VB 34823 3217 22 radically radically RB 34823 3217 23 different different JJ 34823 3217 24 from from IN 34823 3217 25 that that DT 34823 3217 26 given give VBN 34823 3217 27 by by IN 34823 3217 28 Fisher Fisher NNP 34823 3217 29 in in IN 34823 3217 30 the the DT 34823 3217 31 first first JJ 34823 3217 32 quotation quotation NN 34823 3217 33 . . . 34823 3218 1 I -PRON- PRP 34823 3218 2 should should MD 34823 3218 3 expect expect VB 34823 3218 4 , , , 34823 3218 5 first first RB 34823 3218 6 , , , 34823 3218 7 that that IN 34823 3218 8 rising rise VBG 34823 3218 9 _ _ NNP 34823 3218 10 prices price NNS 34823 3218 11 _ _ NNP 34823 3218 12 would would MD 34823 3218 13 encourage encourage VB 34823 3218 14 rising rise VBG 34823 3218 15 trade trade NN 34823 3218 16 ; ; : 34823 3218 17 I -PRON- PRP 34823 3218 18 should should MD 34823 3218 19 then then RB 34823 3218 20 expect expect VB 34823 3218 21 the the DT 34823 3218 22 rising rise VBG 34823 3218 23 volume volume NN 34823 3218 24 of of IN 34823 3218 25 trade trade NN 34823 3218 26 , , , 34823 3218 27 with with IN 34823 3218 28 higher high JJR 34823 3218 29 prices price NNS 34823 3218 30 , , , 34823 3218 31 to to TO 34823 3218 32 lead lead VB 34823 3218 33 borrowers borrower NNS 34823 3218 34 to to TO 34823 3218 35 need need VB 34823 3218 36 , , , 34823 3218 37 and and CC 34823 3218 38 secure secure JJ 34823 3218 39 , , , 34823 3218 40 larger large JJR 34823 3218 41 loans loan NNS 34823 3218 42 from from IN 34823 3218 43 the the DT 34823 3218 44 banks bank NNS 34823 3218 45 , , , 34823 3218 46 with with IN 34823 3218 47 , , , 34823 3218 48 as as IN 34823 3218 49 loans loan NNS 34823 3218 50 and and CC 34823 3218 51 deposits deposit NNS 34823 3218 52 rise rise VBP 34823 3218 53 in in IN 34823 3218 54 proportion proportion NN 34823 3218 55 to to IN 34823 3218 56 reserves reserve NNS 34823 3218 57 , , , 34823 3218 58 some some DT 34823 3218 59 slight slight JJ 34823 3218 60 increase increase NN 34823 3218 61 in in IN 34823 3218 62 " " `` 34823 3218 63 money money NN 34823 3218 64 - - HYPH 34823 3218 65 rates rate NNS 34823 3218 66 , , , 34823 3218 67 " " '' 34823 3218 68 just just RB 34823 3218 69 enough enough RB 34823 3218 70 to to TO 34823 3218 71 draw draw VB 34823 3218 72 to to IN 34823 3218 73 the the DT 34823 3218 74 country country NN 34823 3218 75 the the DT 34823 3218 76 extra extra JJ 34823 3218 77 gold gold NN 34823 3218 78 which which WDT 34823 3218 79 bankers banker NNS 34823 3218 80 felt feel VBD 34823 3218 81 desirable desirable JJ 34823 3218 82 to to TO 34823 3218 83 add add VB 34823 3218 84 to to IN 34823 3218 85 their -PRON- PRP$ 34823 3218 86 reserves reserve NNS 34823 3218 87 . . . 34823 3219 1 I -PRON- PRP 34823 3219 2 should should MD 34823 3219 3 expect expect VB 34823 3219 4 the the DT 34823 3219 5 causal causal JJ 34823 3219 6 sequence sequence NN 34823 3219 7 to to TO 34823 3219 8 be be VB 34823 3219 9 the the DT 34823 3219 10 exact exact JJ 34823 3219 11 reverse reverse NN 34823 3219 12 of of IN 34823 3219 13 that that DT 34823 3219 14 which which WDT 34823 3219 15 Fisher Fisher NNP 34823 3219 16 indicates indicate VBZ 34823 3219 17 . . . 34823 3220 1 With with IN 34823 3220 2 falling fall VBG 34823 3220 3 prices price NNS 34823 3220 4 , , , 34823 3220 5 or or CC 34823 3220 6 waning wane VBG 34823 3220 7 volume volume NN 34823 3220 8 of of IN 34823 3220 9 trade trade NN 34823 3220 10 -- -- : 34823 3220 11 which which WDT 34823 3220 12 would would MD 34823 3220 13 usually usually RB 34823 3220 14 come come VB 34823 3220 15 together,[320]--I together,[320]--I NNP 34823 3220 16 should should MD 34823 3220 17 expect expect VB 34823 3220 18 loans loan NNS 34823 3220 19 to to TO 34823 3220 20 be be VB 34823 3220 21 reduced reduce VBN 34823 3220 22 , , , 34823 3220 23 deposits deposit NNS 34823 3220 24 to to TO 34823 3220 25 be be VB 34823 3220 26 reduced reduce VBN 34823 3220 27 , , , 34823 3220 28 money money NN 34823 3220 29 - - HYPH 34823 3220 30 rates rate NNS 34823 3220 31 to to TO 34823 3220 32 fall fall VB 34823 3220 33 , , , 34823 3220 34 and and CC 34823 3220 35 gold gold NN 34823 3220 36 then then RB 34823 3220 37 to to TO 34823 3220 38 leave leave VB 34823 3220 39 the the DT 34823 3220 40 country country NN 34823 3220 41 again again RB 34823 3220 42 . . . 34823 3221 1 I -PRON- PRP 34823 3221 2 should should MD 34823 3221 3 expect expect VB 34823 3221 4 this this DT 34823 3221 5 sort sort NN 34823 3221 6 of of IN 34823 3221 7 thing thing NN 34823 3221 8 to to TO 34823 3221 9 happen happen VB 34823 3221 10 normally normally RB 34823 3221 11 , , , 34823 3221 12 and and CC 34823 3221 13 not not RB 34823 3221 14 infrequently infrequently RB 34823 3221 15 , , , 34823 3221 16 and and CC 34823 3221 17 I -PRON- PRP 34823 3221 18 should should MD 34823 3221 19 expect expect VB 34823 3221 20 gold gold NN 34823 3221 21 to to TO 34823 3221 22 come come VB 34823 3221 23 in in RB 34823 3221 24 and and CC 34823 3221 25 go go VB 34823 3221 26 out out RP 34823 3221 27 many many JJ 34823 3221 28 times time NNS 34823 3221 29 in in IN 34823 3221 30 the the DT 34823 3221 31 course course NN 34823 3221 32 of of IN 34823 3221 33 a a DT 34823 3221 34 business business NN 34823 3221 35 cycle cycle NN 34823 3221 36 . . . 34823 3222 1 This this DT 34823 3222 2 would would MD 34823 3222 3 seem seem VB 34823 3222 4 to to TO 34823 3222 5 be be VB 34823 3222 6 the the DT 34823 3222 7 sort sort NN 34823 3222 8 of of IN 34823 3222 9 explanation explanation NN 34823 3222 10 which which WDT 34823 3222 11 our -PRON- PRP$ 34823 3222 12 modern modern JJ 34823 3222 13 theory theory NN 34823 3222 14 of of IN 34823 3222 15 _ _ NNP 34823 3222 16 elastic elastic JJ 34823 3222 17 _ _ NNP 34823 3222 18 bank bank NN 34823 3222 19 - - HYPH 34823 3222 20 credit credit NN 34823 3222 21 would would MD 34823 3222 22 give give VB 34823 3222 23 in in IN 34823 3222 24 connection connection NN 34823 3222 25 with with IN 34823 3222 26 this this DT 34823 3222 27 problem problem NN 34823 3222 28 . . . 34823 3223 1 I -PRON- PRP 34823 3223 2 shall shall MD 34823 3223 3 not not RB 34823 3223 4 here here RB 34823 3223 5 go go VB 34823 3223 6 into into IN 34823 3223 7 details detail NNS 34823 3223 8 with with IN 34823 3223 9 the the DT 34823 3223 10 theory theory NN 34823 3223 11 of of IN 34823 3223 12 elastic elastic JJ 34823 3223 13 bank bank NN 34823 3223 14 - - HYPH 34823 3223 15 credit credit NN 34823 3223 16 . . . 34823 3224 1 The the DT 34823 3224 2 theory theory NN 34823 3224 3 has have VBZ 34823 3224 4 been be VBN 34823 3224 5 too too RB 34823 3224 6 well well RB 34823 3224 7 established establish VBN 34823 3224 8 in in IN 34823 3224 9 the the DT 34823 3224 10 debates debate NNS 34823 3224 11 between between IN 34823 3224 12 the the DT 34823 3224 13 " " `` 34823 3224 14 Currency Currency NNP 34823 3224 15 School School NNP 34823 3224 16 " " '' 34823 3224 17 and and CC 34823 3224 18 the the DT 34823 3224 19 " " `` 34823 3224 20 Banking Banking NNP 34823 3224 21 School"[321 School"[321 NNP 34823 3224 22 ] ] -RRB- 34823 3224 23 in in IN 34823 3224 24 regard regard NN 34823 3224 25 to to IN 34823 3224 26 bank bank NN 34823 3224 27 - - HYPH 34823 3224 28 notes note NNS 34823 3224 29 to to TO 34823 3224 30 need need VB 34823 3224 31 elaboration elaboration NN 34823 3224 32 and and CC 34823 3224 33 defence defence NN 34823 3224 34 here here RB 34823 3224 35 , , , 34823 3224 36 and and CC 34823 3224 37 the the DT 34823 3224 38 essential essential JJ 34823 3224 39 identity identity NN 34823 3224 40 of of IN 34823 3224 41 deposits deposit NNS 34823 3224 42 and and CC 34823 3224 43 elastic elastic JJ 34823 3224 44 bank bank NN 34823 3224 45 - - HYPH 34823 3224 46 notes note NNS 34823 3224 47 from from IN 34823 3224 48 this this DT 34823 3224 49 angle angle NN 34823 3224 50 is be VBZ 34823 3224 51 one one CD 34823 3224 52 of of IN 34823 3224 53 the the DT 34823 3224 54 commonplaces commonplace NNS 34823 3224 55 of of IN 34823 3224 56 the the DT 34823 3224 57 literature literature NN 34823 3224 58 of of IN 34823 3224 59 banking banking NN 34823 3224 60 . . . 34823 3225 1 What what WP 34823 3225 2 I -PRON- PRP 34823 3225 3 am be VBP 34823 3225 4 here here RB 34823 3225 5 concerned concerned JJ 34823 3225 6 with with IN 34823 3225 7 is be VBZ 34823 3225 8 the the DT 34823 3225 9 highly highly RB 34823 3225 10 significant significant JJ 34823 3225 11 fact fact NN 34823 3225 12 that that IN 34823 3225 13 Fisher Fisher NNP 34823 3225 14 's 's POS 34823 3225 15 " " `` 34823 3225 16 normal normal JJ 34823 3225 17 " " '' 34823 3225 18 theory theory NN 34823 3225 19 finds find VBZ 34823 3225 20 no no DT 34823 3225 21 place place NN 34823 3225 22 for for IN 34823 3225 23 this this DT 34823 3225 24 highly highly RB 34823 3225 25 important important JJ 34823 3225 26 phenomenon phenomenon NN 34823 3225 27 . . . 34823 3226 1 The the DT 34823 3226 2 quantity quantity NN 34823 3226 3 theory theory NN 34823 3226 4 has have VBZ 34823 3226 5 no no DT 34823 3226 6 explanation explanation NN 34823 3226 7 of of IN 34823 3226 8 elasticity elasticity NN 34823 3226 9 to to TO 34823 3226 10 give give VB 34823 3226 11 . . . 34823 3227 1 On on IN 34823 3227 2 the the DT 34823 3227 3 basis basis NN 34823 3227 4 of of IN 34823 3227 5 the the DT 34823 3227 6 quantity quantity NN 34823 3227 7 theory theory NN 34823 3227 8 , , , 34823 3227 9 and and CC 34823 3227 10 for for IN 34823 3227 11 all all DT 34823 3227 12 that that WDT 34823 3227 13 the the DT 34823 3227 14 quantity quantity NN 34823 3227 15 theory theory NN 34823 3227 16 can can MD 34823 3227 17 say say VB 34823 3227 18 , , , 34823 3227 19 the the DT 34823 3227 20 Currency Currency NNP 34823 3227 21 School School NNP 34823 3227 22 was be VBD 34823 3227 23 right right JJ 34823 3227 24 ! ! . 34823 3228 1 Fisher Fisher NNP 34823 3228 2 offers offer VBZ 34823 3228 3 us -PRON- PRP 34823 3228 4 , , , 34823 3228 5 virtually virtually RB 34823 3228 6 , , , 34823 3228 7 a a DT 34823 3228 8 " " `` 34823 3228 9 currency currency NN 34823 3228 10 theory theory NN 34823 3228 11 " " '' 34823 3228 12 of of IN 34823 3228 13 deposits deposit NNS 34823 3228 14 . . . 34823 3229 1 " " `` 34823 3229 2 Suppose suppose VB 34823 3229 3 , , , 34823 3229 4 as as IN 34823 3229 5 has have VBZ 34823 3229 6 actually actually RB 34823 3229 7 been be VBN 34823 3229 8 the the DT 34823 3229 9 case case NN 34823 3229 10 in in IN 34823 3229 11 recent recent JJ 34823 3229 12 years year NNS 34823 3229 13 , , , 34823 3229 14 that that IN 34823 3229 15 the the DT 34823 3229 16 ratio ratio NN 34823 3229 17 of of IN 34823 3229 18 M M NNP 34823 3229 19 ´ ´ CD 34823 3229 20 to to IN 34823 3229 21 M M NNP 34823 3229 22 increases increase NNS 34823 3229 23 in in IN 34823 3229 24 the the DT 34823 3229 25 United United NNP 34823 3229 26 States States NNP 34823 3229 27 . . . 34823 3230 1 If if IN 34823 3230 2 the the DT 34823 3230 3 magnitudes magnitude NNS 34823 3230 4 in in IN 34823 3230 5 the the DT 34823 3230 6 equations equation NNS 34823 3230 7 of of IN 34823 3230 8 exchange exchange NN 34823 3230 9 in in IN 34823 3230 10 other other JJ 34823 3230 11 countries country NNS 34823 3230 12 with with IN 34823 3230 13 which which WDT 34823 3230 14 the the DT 34823 3230 15 United United NNP 34823 3230 16 States States NNP 34823 3230 17 is be VBZ 34823 3230 18 connected connect VBN 34823 3230 19 by by IN 34823 3230 20 trade trade NN 34823 3230 21 are be VBP 34823 3230 22 constant constant JJ 34823 3230 23 , , , 34823 3230 24 the the DT 34823 3230 25 ultimate ultimate JJ 34823 3230 26 effect effect NN 34823 3230 27 on on IN 34823 3230 28 M M NNP 34823 3230 29 is be VBZ 34823 3230 30 to to TO 34823 3230 31 make make VB 34823 3230 32 it -PRON- PRP 34823 3230 33 less less JJR 34823 3230 34 than than IN 34823 3230 35 what what WP 34823 3230 36 it -PRON- PRP 34823 3230 37 would would MD 34823 3230 38 otherwise otherwise RB 34823 3230 39 have have VB 34823 3230 40 been be VBN 34823 3230 41 , , , 34823 3230 42 by by IN 34823 3230 43 increasing increase VBG 34823 3230 44 the the DT 34823 3230 45 exports export NNS 34823 3230 46 of of IN 34823 3230 47 gold gold NN 34823 3230 48 from from IN 34823 3230 49 the the DT 34823 3230 50 United United NNP 34823 3230 51 States States NNP 34823 3230 52 or or CC 34823 3230 53 reducing reduce VBG 34823 3230 54 the the DT 34823 3230 55 imports import NNS 34823 3230 56 . . . 34823 3231 1 In in IN 34823 3231 2 no no DT 34823 3231 3 other other JJ 34823 3231 4 way way NN 34823 3231 5 can can MD 34823 3231 6 the the DT 34823 3231 7 price price NN 34823 3231 8 - - HYPH 34823 3231 9 level level NN 34823 3231 10 of of IN 34823 3231 11 the the DT 34823 3231 12 United United NNP 34823 3231 13 States States NNP 34823 3231 14 be be VB 34823 3231 15 prevented prevent VBN 34823 3231 16 from from IN 34823 3231 17 rising rise VBG 34823 3231 18 above above IN 34823 3231 19 that that DT 34823 3231 20 of of IN 34823 3231 21 other other JJ 34823 3231 22 nations nation NNS 34823 3231 23 in in IN 34823 3231 24 which which WDT 34823 3231 25 we -PRON- PRP 34823 3231 26 have have VBP 34823 3231 27 assumed assume VBN 34823 3231 28 this this DT 34823 3231 29 level level NN 34823 3231 30 and and CC 34823 3231 31 the the DT 34823 3231 32 other other JJ 34823 3231 33 magnitudes magnitude NNS 34823 3231 34 in in IN 34823 3231 35 the the DT 34823 3231 36 equation equation NN 34823 3231 37 of of IN 34823 3231 38 exchange exchange NN 34823 3231 39 to to TO 34823 3231 40 be be VB 34823 3231 41 quiescent quiescent JJ 34823 3231 42 . . . 34823 3231 43 " " '' 34823 3232 1 ( ( -LRB- 34823 3232 2 P. P. NNP 34823 3233 1 162 162 CD 34823 3233 2 . . . 34823 3233 3 ) ) -RRB- 34823 3234 1 If if IN 34823 3234 2 " " `` 34823 3234 3 bank bank NN 34823 3234 4 - - HYPH 34823 3234 5 notes note NNS 34823 3234 6 " " `` 34823 3234 7 be be VB 34823 3234 8 substituted substitute VBN 34823 3234 9 for for IN 34823 3234 10 " " `` 34823 3234 11 M M NNP 34823 3234 12 ´ ´ NNP 34823 3234 13 " " '' 34823 3234 14 , , , 34823 3234 15 in in IN 34823 3234 16 this this DT 34823 3234 17 quotation quotation NN 34823 3234 18 , , , 34823 3234 19 we -PRON- PRP 34823 3234 20 have have VBP 34823 3234 21 here here RB 34823 3234 22 a a DT 34823 3234 23 perfect perfect JJ 34823 3234 24 statement statement NN 34823 3234 25 of of IN 34823 3234 26 the the DT 34823 3234 27 position position NN 34823 3234 28 of of IN 34823 3234 29 the the DT 34823 3234 30 " " `` 34823 3234 31 Currency Currency NNP 34823 3234 32 School School NNP 34823 3234 33 " " '' 34823 3234 34 in in IN 34823 3234 35 that that DT 34823 3234 36 great great JJ 34823 3234 37 debate debate NN 34823 3234 38 . . . 34823 3235 1 Must Must MD 34823 3235 2 this this DT 34823 3235 3 old old JJ 34823 3235 4 issue issue NN 34823 3235 5 be be VB 34823 3235 6 fought fight VBN 34823 3235 7 all all RB 34823 3235 8 over over RB 34823 3235 9 again again RB 34823 3235 10 ? ? . 34823 3236 1 And and CC 34823 3236 2 yet yet RB 34823 3236 3 , , , 34823 3236 4 I -PRON- PRP 34823 3236 5 defy defy VBP 34823 3236 6 any any DT 34823 3236 7 consistent consistent JJ 34823 3236 8 quantity quantity NN 34823 3236 9 theorist theorist NN 34823 3236 10 to to TO 34823 3236 11 find find VB 34823 3236 12 any any DT 34823 3236 13 flaw flaw NN 34823 3236 14 in in IN 34823 3236 15 Fisher Fisher NNP 34823 3236 16 's 's POS 34823 3236 17 argument argument NN 34823 3236 18 on on IN 34823 3236 19 this this DT 34823 3236 20 point point NN 34823 3236 21 . . . 34823 3237 1 There there EX 34823 3237 2 is be VBZ 34823 3237 3 no no DT 34823 3237 4 place place NN 34823 3237 5 for for IN 34823 3237 6 a a DT 34823 3237 7 theory theory NN 34823 3237 8 of of IN 34823 3237 9 elastic elastic JJ 34823 3237 10 bank bank NN 34823 3237 11 - - HYPH 34823 3237 12 credit credit NN 34823 3237 13 within within IN 34823 3237 14 the the DT 34823 3237 15 confines confine NNS 34823 3237 16 of of IN 34823 3237 17 the the DT 34823 3237 18 quantity quantity NN 34823 3237 19 theory theory NN 34823 3237 20 . . . 34823 3238 1 Fisher Fisher NNP 34823 3238 2 's 's POS 34823 3238 3 recognition recognition NN 34823 3238 4 of of IN 34823 3238 5 this this DT 34823 3238 6 seems seem VBZ 34823 3238 7 full full JJ 34823 3238 8 and and CC 34823 3238 9 complete complete JJ 34823 3238 10 . . . 34823 3239 1 He -PRON- PRP 34823 3239 2 relegates relegate VBZ 34823 3239 3 all all DT 34823 3239 4 mention mention NN 34823 3239 5 of of IN 34823 3239 6 elastic elastic JJ 34823 3239 7 bank bank NN 34823 3239 8 - - HYPH 34823 3239 9 credit credit NN 34823 3239 10 to to IN 34823 3239 11 " " `` 34823 3239 12 transitions transition NNS 34823 3239 13 . . . 34823 3239 14 " " '' 34823 3240 1 The the DT 34823 3240 2 footnote footnote NN 34823 3240 3 quoted quote VBN 34823 3240 4 above above RB 34823 3240 5 , , , 34823 3240 6 in in IN 34823 3240 7 which which WDT 34823 3240 8 Laughlin Laughlin NNP 34823 3240 9 's 's POS 34823 3240 10 ( ( -LRB- 34823 3240 11 somewhat somewhat RB 34823 3240 12 extreme extreme JJ 34823 3240 13 ) ) -RRB- 34823 3240 14 doctrine doctrine NN 34823 3240 15 based base VBN 34823 3240 16 on on IN 34823 3240 17 the the DT 34823 3240 18 theory theory NN 34823 3240 19 of of IN 34823 3240 20 elasticity elasticity NN 34823 3240 21 is be VBZ 34823 3240 22 stated state VBN 34823 3240 23 , , , 34823 3240 24 denies deny VBZ 34823 3240 25 categorically categorically RB 34823 3240 26 that that IN 34823 3240 27 there there EX 34823 3240 28 is be VBZ 34823 3240 29 any any DT 34823 3240 30 validity validity NN 34823 3240 31 in in IN 34823 3240 32 it -PRON- PRP 34823 3240 33 , , , 34823 3240 34 except except IN 34823 3240 35 for for IN 34823 3240 36 transition transition NN 34823 3240 37 periods period NNS 34823 3240 38 . . . 34823 3241 1 There there EX 34823 3241 2 is be VBZ 34823 3241 3 nowhere nowhere RB 34823 3241 4 in in IN 34823 3241 5 the the DT 34823 3241 6 book book NN 34823 3241 7 any any DT 34823 3241 8 explanation explanation NN 34823 3241 9 of of IN 34823 3241 10 the the DT 34823 3241 11 theory theory NN 34823 3241 12 of of IN 34823 3241 13 elasticity elasticity NN 34823 3241 14 . . . 34823 3242 1 [ [ -LRB- 34823 3242 2 322 322 CD 34823 3242 3 ] ] -RRB- 34823 3242 4 The the DT 34823 3242 5 references reference NNS 34823 3242 6 to to IN 34823 3242 7 it -PRON- PRP 34823 3242 8 are be VBP 34823 3242 9 few few JJ 34823 3242 10 and and CC 34823 3242 11 grudging grudging JJ 34823 3242 12 , , , 34823 3242 13 and and CC 34823 3242 14 _ _ NNP 34823 3242 15 always always RB 34823 3242 16 _ _ NNP 34823 3242 17 in in IN 34823 3242 18 connection connection NN 34823 3242 19 with with IN 34823 3242 20 the the DT 34823 3242 21 notion notion NN 34823 3242 22 of of IN 34823 3242 23 transitions transition NNS 34823 3242 24 . . . 34823 3243 1 The the DT 34823 3243 2 most most RBS 34823 3243 3 important important JJ 34823 3243 4 statement statement NN 34823 3243 5 regarding regard VBG 34823 3243 6 elasticity elasticity NN 34823 3243 7 ( ( -LRB- 34823 3243 8 less less JJR 34823 3243 9 than than IN 34823 3243 10 a a DT 34823 3243 11 page page NN 34823 3243 12 long long JJ 34823 3243 13 ) ) -RRB- 34823 3243 14 is be VBZ 34823 3243 15 on on IN 34823 3243 16 page page NN 34823 3243 17 161 161 CD 34823 3243 18 , , , 34823 3243 19 where where WRB 34823 3243 20 again again RB 34823 3243 21 transitional transitional JJ 34823 3243 22 influences influence NNS 34823 3243 23 are be VBP 34823 3243 24 under under IN 34823 3243 25 discussion discussion NN 34823 3243 26 . . . 34823 3244 1 What what WP 34823 3244 2 is be VBZ 34823 3244 3 a a DT 34823 3244 4 theory theory NN 34823 3244 5 of of IN 34823 3244 6 money money NN 34823 3244 7 worth worth JJ 34823 3244 8 which which WDT 34823 3244 9 can can MD 34823 3244 10 offer offer VB 34823 3244 11 no no DT 34823 3244 12 explanation explanation NN 34823 3244 13 of of IN 34823 3244 14 so so RB 34823 3244 15 fundamental fundamental JJ 34823 3244 16 , , , 34823 3244 17 important important JJ 34823 3244 18 , , , 34823 3244 19 and and CC 34823 3244 20 notorious notorious JJ 34823 3244 21 a a DT 34823 3244 22 feature feature NN 34823 3244 23 of of IN 34823 3244 24 modern modern JJ 34823 3244 25 money money NN 34823 3244 26 and and CC 34823 3244 27 banking banking NN 34823 3244 28 ? ? . 34823 3245 1 There there EX 34823 3245 2 is be VBZ 34823 3245 3 a a DT 34823 3245 4 further further JJ 34823 3245 5 , , , 34823 3245 6 related related JJ 34823 3245 7 , , , 34823 3245 8 feature feature NN 34823 3245 9 of of IN 34823 3245 10 banking banking NN 34823 3245 11 for for IN 34823 3245 12 which which WDT 34823 3245 13 the the DT 34823 3245 14 quantity quantity NN 34823 3245 15 theory theory NN 34823 3245 16 can can MD 34823 3245 17 find find VB 34823 3245 18 no no DT 34823 3245 19 explanation explanation NN 34823 3245 20 . . . 34823 3246 1 Among among IN 34823 3246 2 the the DT 34823 3246 3 items item NNS 34823 3246 4 in in IN 34823 3246 5 a a DT 34823 3246 6 bank bank NN 34823 3246 7 's 's POS 34823 3246 8 balance balance NN 34823 3246 9 sheet sheet NN 34823 3246 10 , , , 34823 3246 11 the the DT 34823 3246 12 quantity quantity NN 34823 3246 13 theorist theorist NN 34823 3246 14 seizes seize VBZ 34823 3246 15 upon upon IN 34823 3246 16 reserves reserve NNS 34823 3246 17 on on IN 34823 3246 18 the the DT 34823 3246 19 assets asset NNS 34823 3246 20 side side NN 34823 3246 21 , , , 34823 3246 22 and and CC 34823 3246 23 deposits deposit NNS 34823 3246 24 on on IN 34823 3246 25 the the DT 34823 3246 26 liability liability NN 34823 3246 27 side side NN 34823 3246 28 , , , 34823 3246 29 and and CC 34823 3246 30 builds build VBZ 34823 3246 31 his -PRON- PRP$ 34823 3246 32 theory theory NN 34823 3246 33 on on IN 34823 3246 34 the the DT 34823 3246 35 supposed suppose VBN 34823 3246 36 close close JJ 34823 3246 37 relation relation NN 34823 3246 38 between between IN 34823 3246 39 them -PRON- PRP 34823 3246 40 . . . 34823 3247 1 We -PRON- PRP 34823 3247 2 have have VBP 34823 3247 3 seen see VBN 34823 3247 4 that that IN 34823 3247 5 this this DT 34823 3247 6 close close JJ 34823 3247 7 relation relation NN 34823 3247 8 does do VBZ 34823 3247 9 not not RB 34823 3247 10 , , , 34823 3247 11 in in IN 34823 3247 12 fact fact NN 34823 3247 13 , , , 34823 3247 14 exist exist VBP 34823 3247 15 . . . 34823 3248 1 The the DT 34823 3248 2 range range NN 34823 3248 3 of of IN 34823 3248 4 variation variation NN 34823 3248 5 is be VBZ 34823 3248 6 enormous enormous JJ 34823 3248 7 . . . 34823 3249 1 [ [ -LRB- 34823 3249 2 323 323 CD 34823 3249 3 ] ] -RRB- 34823 3249 4 But but CC 34823 3249 5 there there EX 34823 3249 6 is be VBZ 34823 3249 7 one one CD 34823 3249 8 close close JJ 34823 3249 9 relation relation NN 34823 3249 10 in in IN 34823 3249 11 the the DT 34823 3249 12 balance balance NN 34823 3249 13 sheet sheet NN 34823 3249 14 of of IN 34823 3249 15 the the DT 34823 3249 16 bank bank NN 34823 3249 17 concerning concern VBG 34823 3249 18 which which WDT 34823 3249 19 the the DT 34823 3249 20 quantity quantity NN 34823 3249 21 theory theory NN 34823 3249 22 is be VBZ 34823 3249 23 silent silent JJ 34823 3249 24 , , , 34823 3249 25 and and CC 34823 3249 26 that that DT 34823 3249 27 is be VBZ 34823 3249 28 the the DT 34823 3249 29 relation relation NN 34823 3249 30 between between IN 34823 3249 31 deposits deposit NNS 34823 3249 32 and and CC 34823 3249 33 _ _ NNP 34823 3249 34 loans loan NNS 34823 3249 35 _ _ NNP 34823 3249 36 . . . 34823 3250 1 For for IN 34823 3250 2 individual individual JJ 34823 3250 3 banks bank NNS 34823 3250 4 and and CC 34823 3250 5 for for IN 34823 3250 6 banks bank NNS 34823 3250 7 in in IN 34823 3250 8 the the DT 34823 3250 9 aggregate aggregate NN 34823 3250 10 , , , 34823 3250 11 for for IN 34823 3250 12 long long JJ 34823 3250 13 run run NN 34823 3250 14 periods period NNS 34823 3250 15 and and CC 34823 3250 16 for for IN 34823 3250 17 short short JJ 34823 3250 18 run run NN 34823 3250 19 periods period NNS 34823 3250 20 , , , 34823 3250 21 for for IN 34823 3250 22 reasons reason NNS 34823 3250 23 that that WDT 34823 3250 24 are be VBP 34823 3250 25 clear clear JJ 34823 3250 26 and and CC 34823 3250 27 inevitable inevitable JJ 34823 3250 28 , , , 34823 3250 29 these these DT 34823 3250 30 two two CD 34823 3250 31 magnitudes magnitude NNS 34823 3250 32 ( ( -LRB- 34823 3250 33 or or CC 34823 3250 34 for for IN 34823 3250 35 banks bank NNS 34823 3250 36 of of IN 34823 3250 37 issue issue NN 34823 3250 38 on on IN 34823 3250 39 the the DT 34823 3250 40 Continent Continent NNP 34823 3250 41 of of IN 34823 3250 42 Europe Europe NNP 34823 3250 43 , , , 34823 3250 44 _ _ NNP 34823 3250 45 notes note VBZ 34823 3250 46 _ _ NNP 34823 3250 47 and and CC 34823 3250 48 loans loan NNS 34823 3250 49 ) ) -RRB- 34823 3250 50 , , , 34823 3250 51 vary vary VBP 34823 3250 52 closely closely RB 34823 3250 53 together together RB 34823 3250 54 . . . 34823 3251 1 The the DT 34823 3251 2 relationship relationship NN 34823 3251 3 between between IN 34823 3251 4 them -PRON- PRP 34823 3251 5 is be VBZ 34823 3251 6 the the DT 34823 3251 7 only only JJ 34823 3251 8 relationship relationship NN 34823 3251 9 which which WDT 34823 3251 10 does do VBZ 34823 3251 11 stand stand VB 34823 3251 12 out out RP 34823 3251 13 as as RB 34823 3251 14 clearly clearly RB 34823 3251 15 beyond beyond IN 34823 3251 16 dispute dispute NN 34823 3251 17 , , , 34823 3251 18 among among IN 34823 3251 19 all all PDT 34823 3251 20 the the DT 34823 3251 21 items item NNS 34823 3251 22 in in IN 34823 3251 23 the the DT 34823 3251 24 banking banking NN 34823 3251 25 balance balance NN 34823 3251 26 sheet sheet NN 34823 3251 27 . . . 34823 3252 1 No no DT 34823 3252 2 assumptions assumption NNS 34823 3252 3 of of IN 34823 3252 4 a a DT 34823 3252 5 " " `` 34823 3252 6 static static JJ 34823 3252 7 state state NN 34823 3252 8 " " '' 34823 3252 9 are be VBP 34823 3252 10 needed need VBN 34823 3252 11 for for IN 34823 3252 12 its -PRON- PRP$ 34823 3252 13 demonstration demonstration NN 34823 3252 14 ! ! . 34823 3253 1 The the DT 34823 3253 2 relation relation NN 34823 3253 3 varies vary VBZ 34823 3253 4 , , , 34823 3253 5 of of IN 34823 3253 6 course course NN 34823 3253 7 . . . 34823 3254 1 As as IN 34823 3254 2 banks bank NNS 34823 3254 3 increase increase VBP 34823 3254 4 or or CC 34823 3254 5 reduce reduce VB 34823 3254 6 their -PRON- PRP$ 34823 3254 7 capital capital NN 34823 3254 8 , , , 34823 3254 9 as as IN 34823 3254 10 their -PRON- PRP$ 34823 3254 11 reserve reserve NN 34823 3254 12 - - HYPH 34823 3254 13 percentages percentage NNS 34823 3254 14 rise rise VBP 34823 3254 15 or or CC 34823 3254 16 fall fall VBP 34823 3254 17 , , , 34823 3254 18 as as IN 34823 3254 19 they -PRON- PRP 34823 3254 20 increase increase VBP 34823 3254 21 or or CC 34823 3254 22 decrease decrease VBP 34823 3254 23 their -PRON- PRP$ 34823 3254 24 holdings holding NNS 34823 3254 25 of of IN 34823 3254 26 bonds bond NNS 34823 3254 27 , , , 34823 3254 28 we -PRON- PRP 34823 3254 29 find find VBP 34823 3254 30 reasons reason NNS 34823 3254 31 which which WDT 34823 3254 32 alter alter VBP 34823 3254 33 the the DT 34823 3254 34 proportion proportion NN 34823 3254 35 between between IN 34823 3254 36 deposits deposit NNS 34823 3254 37 and and CC 34823 3254 38 loans loan NNS 34823 3254 39 . . . 34823 3255 1 But but CC 34823 3255 2 , , , 34823 3255 3 despite despite IN 34823 3255 4 this this DT 34823 3255 5 , , , 34823 3255 6 the the DT 34823 3255 7 variation variation NN 34823 3255 8 , , , 34823 3255 9 as as IN 34823 3255 10 shown show VBN 34823 3255 11 by by IN 34823 3255 12 figures figure NNS 34823 3255 13 for for IN 34823 3255 14 the the DT 34823 3255 15 United United NNP 34823 3255 16 States States NNP 34823 3255 17 , , , 34823 3255 18 is be VBZ 34823 3255 19 slight slight JJ 34823 3255 20 . . . 34823 3256 1 Assume assume VB 34823 3256 2 , , , 34823 3256 3 for for IN 34823 3256 4 example example NN 34823 3256 5 , , , 34823 3256 6 a a DT 34823 3256 7 statement statement NN 34823 3256 8 showing show VBG 34823 3256 9 " " `` 34823 3256 10 loans loan NNS 34823 3256 11 and and CC 34823 3256 12 discounts discount NNS 34823 3256 13 " " '' 34823 3256 14 of of IN 34823 3256 15 $ $ $ 34823 3256 16 1,000,000 1,000,000 CD 34823 3256 17 , , , 34823 3256 18 deposits deposit NNS 34823 3256 19 , , , 34823 3256 20 $ $ $ 34823 3256 21 1,000,000 1,000,000 CD 34823 3256 22 , , , 34823 3256 23 cash cash NN 34823 3256 24 reserve reserve NN 34823 3256 25 , , , 34823 3256 26 $ $ $ 34823 3256 27 200,000 200,000 CD 34823 3256 28 . . . 34823 3257 1 Reserves reserve NNS 34823 3257 2 are be VBP 34823 3257 3 then then RB 34823 3257 4 20 20 CD 34823 3257 5 % % NN 34823 3257 6 of of IN 34823 3257 7 deposits deposit NNS 34823 3257 8 , , , 34823 3257 9 and and CC 34823 3257 10 loans loan NNS 34823 3257 11 are be VBP 34823 3257 12 100 100 CD 34823 3257 13 % % NN 34823 3257 14 of of IN 34823 3257 15 deposits deposit NNS 34823 3257 16 . . . 34823 3258 1 If if IN 34823 3258 2 reserves reserve NNS 34823 3258 3 be be VB 34823 3258 4 increased increase VBN 34823 3258 5 by by IN 34823 3258 6 $ $ $ 34823 3258 7 100,000 100,000 CD 34823 3258 8 and and CC 34823 3258 9 loans loan NNS 34823 3258 10 and and CC 34823 3258 11 discounts discount NNS 34823 3258 12 reduced reduce VBN 34823 3258 13 , , , 34823 3258 14 to to TO 34823 3258 15 compensate compensate VB 34823 3258 16 , , , 34823 3258 17 by by IN 34823 3258 18 $ $ $ 34823 3258 19 100,000 100,000 CD 34823 3258 20 , , , 34823 3258 21 we -PRON- PRP 34823 3258 22 have have VBP 34823 3258 23 a a DT 34823 3258 24 50 50 CD 34823 3258 25 % % NN 34823 3258 26 variation variation NN 34823 3258 27 in in IN 34823 3258 28 the the DT 34823 3258 29 ratio ratio NN 34823 3258 30 of of IN 34823 3258 31 reserves reserve NNS 34823 3258 32 to to IN 34823 3258 33 deposits deposit NNS 34823 3258 34 , , , 34823 3258 35 with with IN 34823 3258 36 only only RB 34823 3258 37 a a DT 34823 3258 38 10 10 CD 34823 3258 39 % % NN 34823 3258 40 variation variation NN 34823 3258 41 in in IN 34823 3258 42 the the DT 34823 3258 43 ratio ratio NN 34823 3258 44 of of IN 34823 3258 45 loans loan NNS 34823 3258 46 and and CC 34823 3258 47 discounts discount NNS 34823 3258 48 to to IN 34823 3258 49 deposits deposit NNS 34823 3258 50 . . . 34823 3259 1 Since since IN 34823 3259 2 cash cash NN 34823 3259 3 reserve reserve NN 34823 3259 4 is be VBZ 34823 3259 5 much much RB 34823 3259 6 the the DT 34823 3259 7 smaller small JJR 34823 3259 8 item item NN 34823 3259 9 , , , 34823 3259 10 almost almost RB 34823 3259 11 always always RB 34823 3259 12 , , , 34823 3259 13 the the DT 34823 3259 14 same same JJ 34823 3259 15 absolute absolute JJ 34823 3259 16 variation variation NN 34823 3259 17 in in IN 34823 3259 18 it -PRON- PRP 34823 3259 19 will will MD 34823 3259 20 affect affect VB 34823 3259 21 it -PRON- PRP 34823 3259 22 , , , 34823 3259 23 in in IN 34823 3259 24 percentage percentage NN 34823 3259 25 , , , 34823 3259 26 vastly vastly RB 34823 3259 27 more more JJR 34823 3259 28 than than IN 34823 3259 29 it -PRON- PRP 34823 3259 30 will will MD 34823 3259 31 affect affect VB 34823 3259 32 loans loan NNS 34823 3259 33 and and CC 34823 3259 34 discounts discount NNS 34823 3259 35 . . . 34823 3260 1 It -PRON- PRP 34823 3260 2 is be VBZ 34823 3260 3 strange strange JJ 34823 3260 4 that that IN 34823 3260 5 a a DT 34823 3260 6 theory theory NN 34823 3260 7 should should MD 34823 3260 8 seize seize VB 34823 3260 9 on on IN 34823 3260 10 this this DT 34823 3260 11 highly highly RB 34823 3260 12 variable variable JJ 34823 3260 13 ratio ratio NN 34823 3260 14 of of IN 34823 3260 15 reserves reserve NNS 34823 3260 16 to to IN 34823 3260 17 deposits deposit NNS 34823 3260 18 , , , 34823 3260 19 and and CC 34823 3260 20 ignore ignore VB 34823 3260 21 the the DT 34823 3260 22 much much RB 34823 3260 23 more more RBR 34823 3260 24 constant constant JJ 34823 3260 25 ratio[324 ratio[324 NNS 34823 3260 26 ] ] -RRB- 34823 3260 27 of of IN 34823 3260 28 loans loan NNS 34823 3260 29 and and CC 34823 3260 30 discounts discount NNS 34823 3260 31 to to IN 34823 3260 32 deposits deposit NNS 34823 3260 33 . . . 34823 3261 1 That that IN 34823 3261 2 this this DT 34823 3261 3 close close JJ 34823 3261 4 relation relation NN 34823 3261 5 between between IN 34823 3261 6 deposits deposit NNS 34823 3261 7 and and CC 34823 3261 8 loans loan NNS 34823 3261 9 should should MD 34823 3261 10 obtain obtain VB 34823 3261 11 follows follow VBZ 34823 3261 12 naturally naturally RB 34823 3261 13 from from IN 34823 3261 14 the the DT 34823 3261 15 theory theory NN 34823 3261 16 of of IN 34823 3261 17 elastic elastic JJ 34823 3261 18 bank bank NN 34823 3261 19 - - HYPH 34823 3261 20 credit credit NN 34823 3261 21 . . . 34823 3262 1 The the DT 34823 3262 2 two two CD 34823 3262 3 are be VBP 34823 3262 4 built build VBN 34823 3262 5 up up RP 34823 3262 6 together together RB 34823 3262 7 . . . 34823 3263 1 When when WRB 34823 3263 2 there there EX 34823 3263 3 are be VBP 34823 3263 4 expanding expand VBG 34823 3263 5 business business NN 34823 3263 6 and and CC 34823 3263 7 rising rise VBG 34823 3263 8 prices price NNS 34823 3263 9 , , , 34823 3263 10 men man NNS 34823 3263 11 borrow borrow VBP 34823 3263 12 more more JJR 34823 3263 13 from from IN 34823 3263 14 the the DT 34823 3263 15 banks bank NNS 34823 3263 16 ; ; : 34823 3263 17 as as IN 34823 3263 18 they -PRON- PRP 34823 3263 19 borrow borrow VBP 34823 3263 20 , , , 34823 3263 21 they -PRON- PRP 34823 3263 22 receive receive VBP 34823 3263 23 deposit deposit NN 34823 3263 24 credits credit NNS 34823 3263 25 ; ; : 34823 3263 26 the the DT 34823 3263 27 individual individual NN 34823 3263 28 who who WP 34823 3263 29 receives receive VBZ 34823 3263 30 the the DT 34823 3263 31 deposit deposit NN 34823 3263 32 credit credit NN 34823 3263 33 may may MD 34823 3263 34 check check VB 34823 3263 35 against against IN 34823 3263 36 it -PRON- PRP 34823 3263 37 , , , 34823 3263 38 but but CC 34823 3263 39 it -PRON- PRP 34823 3263 40 is be VBZ 34823 3263 41 redeposited redeposit VBN 34823 3263 42 by by IN 34823 3263 43 another another DT 34823 3263 44 man man NN 34823 3263 45 , , , 34823 3263 46 and and CC 34823 3263 47 so so RB 34823 3263 48 , , , 34823 3263 49 while while IN 34823 3263 50 the the DT 34823 3263 51 deposits deposit NNS 34823 3263 52 of of IN 34823 3263 53 one one CD 34823 3263 54 bank bank NN 34823 3263 55 need nee MD 34823 3263 56 not not RB 34823 3263 57 grow grow VB 34823 3263 58 out out IN 34823 3263 59 of of IN 34823 3263 60 its -PRON- PRP$ 34823 3263 61 loans loan NNS 34823 3263 62 , , , 34823 3263 63 still still RB 34823 3263 64 , , , 34823 3263 65 for for IN 34823 3263 66 banks bank NNS 34823 3263 67 in in IN 34823 3263 68 general general JJ 34823 3263 69 , , , 34823 3263 70 deposits deposit NNS 34823 3263 71 are be VBP 34823 3263 72 large large JJ 34823 3263 73 because because IN 34823 3263 74 loans loan NNS 34823 3263 75 are be VBP 34823 3263 76 large large JJ 34823 3263 77 . . . 34823 3264 1 For for IN 34823 3264 2 a a DT 34823 3264 3 given give VBN 34823 3264 4 bank bank NN 34823 3264 5 , , , 34823 3264 6 the the DT 34823 3264 7 relation relation NN 34823 3264 8 holds hold VBZ 34823 3264 9 closely closely RB 34823 3264 10 , , , 34823 3264 11 because because IN 34823 3264 12 the the DT 34823 3264 13 bank bank NN 34823 3264 14 lends lend NNS 34823 3264 15 , , , 34823 3264 16 in in IN 34823 3264 17 general general JJ 34823 3264 18 , , , 34823 3264 19 to to IN 34823 3264 20 active active JJ 34823 3264 21 business business NN 34823 3264 22 men man NNS 34823 3264 23 , , , 34823 3264 24 who who WP 34823 3264 25 will will MD 34823 3264 26 have have VB 34823 3264 27 income income NN 34823 3264 28 as as RB 34823 3264 29 well well RB 34823 3264 30 as as IN 34823 3264 31 outgo outgo PRP 34823 3264 32 , , , 34823 3264 33 and and CC 34823 3264 34 whose whose WP$ 34823 3264 35 income income NN 34823 3264 36 will will MD 34823 3264 37 , , , 34823 3264 38 on on IN 34823 3264 39 the the DT 34823 3264 40 average average NN 34823 3264 41 , , , 34823 3264 42 at at IN 34823 3264 43 least least JJS 34823 3264 44 balance balance VB 34823 3264 45 their -PRON- PRP$ 34823 3264 46 outgo outgo NN 34823 3264 47 . . . 34823 3265 1 Thus thus RB 34823 3265 2 , , , 34823 3265 3 _ _ NNP 34823 3265 4 through through IN 34823 3265 5 loans loan NNS 34823 3265 6 _ _ NNP 34823 3265 7 , , , 34823 3265 8 deposits deposit NNS 34823 3265 9 are be VBP 34823 3265 10 linked link VBN 34823 3265 11 with with IN 34823 3265 12 volume volume NN 34823 3265 13 of of IN 34823 3265 14 trade trade NN 34823 3265 15 and and CC 34823 3265 16 prices price NNS 34823 3265 17 . . . 34823 3266 1 Trade trade NN 34823 3266 2 and and CC 34823 3266 3 deposits deposit VBZ 34823 3266 4 wax wax NN 34823 3266 5 and and CC 34823 3266 6 wane wane NN 34823 3266 7 together together RB 34823 3266 8 . . . 34823 3267 1 [ [ -LRB- 34823 3267 2 325 325 CD 34823 3267 3 ] ] -RRB- 34823 3267 4 On on IN 34823 3267 5 the the DT 34823 3267 6 other other JJ 34823 3267 7 hand hand NN 34823 3267 8 , , , 34823 3267 9 in in IN 34823 3267 10 the the DT 34823 3267 11 absence absence NN 34823 3267 12 of of IN 34823 3267 13 rising rise VBG 34823 3267 14 prices price NNS 34823 3267 15 and and CC 34823 3267 16 increasing increase VBG 34823 3267 17 trade trade NN 34823 3267 18 , , , 34823 3267 19 reserves reserve NNS 34823 3267 20 may may MD 34823 3267 21 increase increase VB 34823 3267 22 greatly greatly RB 34823 3267 23 without without IN 34823 3267 24 forcing force VBG 34823 3267 25 an an DT 34823 3267 26 increase increase NN 34823 3267 27 in in IN 34823 3267 28 deposits deposit NNS 34823 3267 29 . . . 34823 3268 1 Loans loan NNS 34823 3268 2 can can MD 34823 3268 3 not not RB 34823 3268 4 increase increase VB 34823 3268 5 without without IN 34823 3268 6 an an DT 34823 3268 7 increase increase NN 34823 3268 8 in in IN 34823 3268 9 deposits deposit NNS 34823 3268 10 . . . 34823 3269 1 The the DT 34823 3269 2 linkage linkage NN 34823 3269 3 between between IN 34823 3269 4 deposits deposit NNS 34823 3269 5 and and CC 34823 3269 6 trade trade NN 34823 3269 7 is be VBZ 34823 3269 8 definite definite JJ 34823 3269 9 , , , 34823 3269 10 causal causal JJ 34823 3269 11 , , , 34823 3269 12 positive positive JJ 34823 3269 13 , , , 34823 3269 14 statistically statistically RB 34823 3269 15 demonstrable demonstrable JJ 34823 3269 16 . . . 34823 3270 1 The the DT 34823 3270 2 linkage linkage NN 34823 3270 3 between between IN 34823 3270 4 reserves reserve NNS 34823 3270 5 and and CC 34823 3270 6 deposits deposit NNS 34823 3270 7 is be VBZ 34823 3270 8 , , , 34823 3270 9 at at IN 34823 3270 10 most most JJS 34823 3270 11 , , , 34823 3270 12 negative negative JJ 34823 3270 13 -- -- : 34823 3270 14 if if IN 34823 3270 15 reserves reserve NNS 34823 3270 16 get get VBP 34823 3270 17 too too RB 34823 3270 18 low low JJ 34823 3270 19 , , , 34823 3270 20 deposits deposit NNS 34823 3270 21 and and CC 34823 3270 22 loans loan NNS 34823 3270 23 may may MD 34823 3270 24 be be VB 34823 3270 25 checked check VBN 34823 3270 26 in in IN 34823 3270 27 their -PRON- PRP$ 34823 3270 28 expansion expansion NN 34823 3270 29 . . . 34823 3271 1 But but CC 34823 3271 2 this this DT 34823 3271 3 -- -- : 34823 3271 4 to to IN 34823 3271 5 the the DT 34823 3271 6 extent extent NN 34823 3271 7 that that IN 34823 3271 8 it -PRON- PRP 34823 3271 9 is be VBZ 34823 3271 10 true true JJ 34823 3271 11 , , , 34823 3271 12 which which WDT 34823 3271 13 we -PRON- PRP 34823 3271 14 leave leave VBP 34823 3271 15 , , , 34823 3271 16 for for IN 34823 3271 17 detailed detailed JJ 34823 3271 18 analysis analysis NN 34823 3271 19 , , , 34823 3271 20 for for IN 34823 3271 21 Part Part NNP 34823 3271 22 III III NNP 34823 3271 23 -- -- : 34823 3271 24 gives give VBZ 34823 3271 25 a a DT 34823 3271 26 very very RB 34823 3271 27 much much RB 34823 3271 28 looser loose JJR 34823 3271 29 relation relation NN 34823 3271 30 indeed indeed RB 34823 3271 31 than than IN 34823 3271 32 the the DT 34823 3271 33 direct direct JJ 34823 3271 34 relation relation NN 34823 3271 35 between between IN 34823 3271 36 loans loan NNS 34823 3271 37 and and CC 34823 3271 38 deposits deposit NNS 34823 3271 39 . . . 34823 3272 1 The the DT 34823 3272 2 quantity quantity NN 34823 3272 3 theory theory NN 34823 3272 4 has have VBZ 34823 3272 5 offered offer VBN 34823 3272 6 no no DT 34823 3272 7 explanation explanation NN 34823 3272 8 of of IN 34823 3272 9 this this DT 34823 3272 10 relation relation NN 34823 3272 11 between between IN 34823 3272 12 loans loan NNS 34823 3272 13 and and CC 34823 3272 14 deposits deposit NNS 34823 3272 15 . . . 34823 3273 1 What what WDT 34823 3273 2 explanation explanation NN 34823 3273 3 could could MD 34823 3273 4 a a DT 34823 3273 5 theory theory NN 34823 3273 6 offer offer NN 34823 3273 7 , , , 34823 3273 8 which which WDT 34823 3273 9 rests rest VBZ 34823 3273 10 in in IN 34823 3273 11 the the DT 34823 3273 12 notion notion NN 34823 3273 13 that that IN 34823 3273 14 volume volume NN 34823 3273 15 of of IN 34823 3273 16 trade trade NN 34823 3273 17 on on IN 34823 3273 18 the the DT 34823 3273 19 one one CD 34823 3273 20 hand hand NN 34823 3273 21 , , , 34823 3273 22 and and CC 34823 3273 23 volume volume NN 34823 3273 24 of of IN 34823 3273 25 money money NN 34823 3273 26 and and CC 34823 3273 27 bank bank NN 34823 3273 28 - - HYPH 34823 3273 29 credit credit NN 34823 3273 30 on on IN 34823 3273 31 the the DT 34823 3273 32 other other JJ 34823 3273 33 hand hand NN 34823 3273 34 , , , 34823 3273 35 are be VBP 34823 3273 36 independent independent JJ 34823 3273 37 magnitudes magnitude NNS 34823 3273 38 ? ? . 34823 3274 1 [ [ -LRB- 34823 3274 2 326 326 CD 34823 3274 3 ] ] -RRB- 34823 3274 4 I -PRON- PRP 34823 3274 5 do do VBP 34823 3274 6 not not RB 34823 3274 7 mean mean VB 34823 3274 8 that that DT 34823 3274 9 quantity quantity NN 34823 3274 10 _ _ NNP 34823 3274 11 theorists theorist NNS 34823 3274 12 _ _ NNP 34823 3274 13 are be VBP 34823 3274 14 silent silent JJ 34823 3274 15 regarding regard VBG 34823 3274 16 the the DT 34823 3274 17 relation relation NN 34823 3274 18 of of IN 34823 3274 19 loans loan NNS 34823 3274 20 and and CC 34823 3274 21 deposits deposit NNS 34823 3274 22 . . . 34823 3275 1 I -PRON- PRP 34823 3275 2 mean mean VBP 34823 3275 3 that that IN 34823 3275 4 they -PRON- PRP 34823 3275 5 do do VBP 34823 3275 6 not not RB 34823 3275 7 attempt attempt VB 34823 3275 8 , , , 34823 3275 9 in in IN 34823 3275 10 any any DT 34823 3275 11 discussion discussion NN 34823 3275 12 I -PRON- PRP 34823 3275 13 have have VBP 34823 3275 14 found find VBN 34823 3275 15 , , , 34823 3275 16 to to TO 34823 3275 17 apply apply VB 34823 3275 18 the the DT 34823 3275 19 quantity quantity NN 34823 3275 20 _ _ NNP 34823 3275 21 theory theory NN 34823 3275 22 _ _ NNP 34823 3275 23 to to IN 34823 3275 24 the the DT 34823 3275 25 explanation explanation NN 34823 3275 26 of of IN 34823 3275 27 that that DT 34823 3275 28 relation relation NN 34823 3275 29 . . . 34823 3276 1 What what WP 34823 3276 2 shall shall MD 34823 3276 3 we -PRON- PRP 34823 3276 4 say say VB 34823 3276 5 of of IN 34823 3276 6 a a DT 34823 3276 7 theory theory NN 34823 3276 8 which which WDT 34823 3276 9 , , , 34823 3276 10 ignoring ignore VBG 34823 3276 11 these these DT 34823 3276 12 easily easily RB 34823 3276 13 proved prove VBN 34823 3276 14 , , , 34823 3276 15 easily easily RB 34823 3276 16 explained explain VBN 34823 3276 17 , , , 34823 3276 18 and and CC 34823 3276 19 vital vital JJ 34823 3276 20 facts fact NNS 34823 3276 21 regarding regard VBG 34823 3276 22 bank bank NN 34823 3276 23 - - HYPH 34823 3276 24 credit credit NN 34823 3276 25 , , , 34823 3276 26 offers offer VBZ 34823 3276 27 as as IN 34823 3276 28 its -PRON- PRP$ 34823 3276 29 sole sole JJ 34823 3276 30 explanation explanation NN 34823 3276 31 of of IN 34823 3276 32 volume volume NN 34823 3276 33 of of IN 34823 3276 34 bank bank NN 34823 3276 35 - - HYPH 34823 3276 36 credit credit NN 34823 3276 37 a a DT 34823 3276 38 theory theory NN 34823 3276 39 so so RB 34823 3276 40 untenable untenable JJ 34823 3276 41 as as IN 34823 3276 42 that that DT 34823 3276 43 of of IN 34823 3276 44 a a DT 34823 3276 45 fixed fix VBN 34823 3276 46 ratio ratio NN 34823 3276 47 between between IN 34823 3276 48 volume volume NN 34823 3276 49 of of IN 34823 3276 50 bank bank NN 34823 3276 51 - - HYPH 34823 3276 52 credit credit NN 34823 3276 53 and and CC 34823 3276 54 volume volume NN 34823 3276 55 of of IN 34823 3276 56 money money NN 34823 3276 57 _ _ NNP 34823 3276 58 in in IN 34823 3276 59 circulation circulation NN 34823 3276 60 _ _ NNP 34823 3276 61 , , , 34823 3276 62 with with IN 34823 3276 63 causation causation NN 34823 3276 64 running run VBG 34823 3276 65 from from IN 34823 3276 66 money money NN 34823 3276 67 to to IN 34823 3276 68 deposits deposit NNS 34823 3276 69 ? ? . 34823 3277 1 Professor Professor NNP 34823 3277 2 Fisher Fisher NNP 34823 3277 3 says say VBZ 34823 3277 4 little little JJ 34823 3277 5 about about IN 34823 3277 6 bills bill NNS 34823 3277 7 of of IN 34823 3277 8 exchange exchange NN 34823 3277 9 . . . 34823 3278 1 Here here RB 34823 3278 2 , , , 34823 3278 3 surely surely RB 34823 3278 4 , , , 34823 3278 5 we -PRON- PRP 34823 3278 6 have have VBP 34823 3278 7 a a DT 34823 3278 8 credit credit NN 34823 3278 9 instrument instrument NN 34823 3278 10 which which WDT 34823 3278 11 grows grow VBZ 34823 3278 12 directly directly RB 34823 3278 13 out out IN 34823 3278 14 of of IN 34823 3278 15 trade trade NN 34823 3278 16 , , , 34823 3278 17 in in IN 34823 3278 18 general general JJ 34823 3278 19 , , , 34823 3278 20 and and CC 34823 3278 21 whose whose WP$ 34823 3278 22 volume volume NN 34823 3278 23 expands expand VBZ 34823 3278 24 and and CC 34823 3278 25 contracts contract VBZ 34823 3278 26 with with IN 34823 3278 27 trade trade NN 34823 3278 28 . . . 34823 3279 1 When when WRB 34823 3279 2 banks bank NNS 34823 3279 3 discount discount VBP 34823 3279 4 bills bill NNS 34823 3279 5 of of IN 34823 3279 6 exchange exchange NN 34823 3279 7 , , , 34823 3279 8 and and CC 34823 3279 9 issue issue NN 34823 3279 10 notes note NNS 34823 3279 11 , , , 34823 3279 12 or or CC 34823 3279 13 grant grant VB 34823 3279 14 deposit deposit NN 34823 3279 15 credits credit NNS 34823 3279 16 , , , 34823 3279 17 against against IN 34823 3279 18 such such JJ 34823 3279 19 discounted discount VBN 34823 3279 20 bills bill NNS 34823 3279 21 , , , 34823 3279 22 the the DT 34823 3279 23 connection connection NN 34823 3279 24 of of IN 34823 3279 25 bank bank NN 34823 3279 26 - - HYPH 34823 3279 27 credit credit NN 34823 3279 28 and and CC 34823 3279 29 volume volume NN 34823 3279 30 of of IN 34823 3279 31 trade trade NN 34823 3279 32 is be VBZ 34823 3279 33 obvious obvious JJ 34823 3279 34 . . . 34823 3280 1 The the DT 34823 3280 2 same same JJ 34823 3280 3 thing thing NN 34823 3280 4 holds hold VBZ 34823 3280 5 largely largely RB 34823 3280 6 , , , 34823 3280 7 however however RB 34823 3280 8 , , , 34823 3280 9 when when WRB 34823 3280 10 promissory promissory JJ 34823 3280 11 notes note NNS 34823 3280 12 are be VBP 34823 3280 13 discounted discount VBN 34823 3280 14 . . . 34823 3281 1 Such such JJ 34823 3281 2 notes note NNS 34823 3281 3 are be VBP 34823 3281 4 usually usually RB 34823 3281 5 given give VBN 34823 3281 6 by by IN 34823 3281 7 those those DT 34823 3281 8 who who WP 34823 3281 9 plan plan VBP 34823 3281 10 to to TO 34823 3281 11 use use VB 34823 3281 12 the the DT 34823 3281 13 credits credit NNS 34823 3281 14 granted grant VBN 34823 3281 15 in in IN 34823 3281 16 commercial commercial JJ 34823 3281 17 or or CC 34823 3281 18 speculative speculative JJ 34823 3281 19 transactions transaction NNS 34823 3281 20 . . . 34823 3282 1 The the DT 34823 3282 2 bill bill NN 34823 3282 3 of of IN 34823 3282 4 exchange exchange NN 34823 3282 5 differs differ VBZ 34823 3282 6 from from IN 34823 3282 7 the the DT 34823 3282 8 promissory promissory JJ 34823 3282 9 note note NN 34823 3282 10 in in IN 34823 3282 11 practice practice NN 34823 3282 12 , , , 34823 3282 13 however however RB 34823 3282 14 , , , 34823 3282 15 in in IN 34823 3282 16 that that IN 34823 3282 17 it -PRON- PRP 34823 3282 18 itself -PRON- PRP 34823 3282 19 is be VBZ 34823 3282 20 often often RB 34823 3282 21 a a DT 34823 3282 22 medium medium NN 34823 3282 23 of of IN 34823 3282 24 exchange exchange NN 34823 3282 25 , , , 34823 3282 26 without without IN 34823 3282 27 going go VBG 34823 3282 28 into into IN 34823 3282 29 the the DT 34823 3282 30 bank bank NN 34823 3282 31 's 's POS 34823 3282 32 portfolio portfolio NN 34823 3282 33 . . . 34823 3283 1 " " `` 34823 3283 2 The the DT 34823 3283 3 bill bill NN 34823 3283 4 of of IN 34823 3283 5 exchange exchange NN 34823 3283 6 , , , 34823 3283 7 therefore therefore RB 34823 3283 8 , , , 34823 3283 9 before before IN 34823 3283 10 it -PRON- PRP 34823 3283 11 gets get VBZ 34823 3283 12 to to IN 34823 3283 13 the the DT 34823 3283 14 bank bank NN 34823 3283 15 _ _ NNP 34823 3283 16 usually_[327 usually_[327 NNP 34823 3283 17 ] ] -RRB- 34823 3283 18 performs perform VBZ 34823 3283 19 a a DT 34823 3283 20 series series NN 34823 3283 21 of of IN 34823 3283 22 monetary monetary JJ 34823 3283 23 transfers transfer NNS 34823 3283 24 , , , 34823 3283 25 for for IN 34823 3283 26 the the DT 34823 3283 27 small small JJ 34823 3283 28 dealer dealer NN 34823 3283 29 naturally naturally RB 34823 3283 30 prefers prefer VBZ 34823 3283 31 to to TO 34823 3283 32 pass pass VB 34823 3283 33 on on RP 34823 3283 34 the the DT 34823 3283 35 bill bill NN 34823 3283 36 , , , 34823 3283 37 if if IN 34823 3283 38 possible possible JJ 34823 3283 39 , , , 34823 3283 40 in in IN 34823 3283 41 making make VBG 34823 3283 42 a a DT 34823 3283 43 payment payment NN 34823 3283 44 , , , 34823 3283 45 instead instead RB 34823 3283 46 of of IN 34823 3283 47 handing hand VBG 34823 3283 48 it -PRON- PRP 34823 3283 49 over over RP 34823 3283 50 to to IN 34823 3283 51 his -PRON- PRP$ 34823 3283 52 bank bank NN 34823 3283 53 , , , 34823 3283 54 which which WDT 34823 3283 55 would would MD 34823 3283 56 either either CC 34823 3283 57 deduct deduct VB 34823 3283 58 a a DT 34823 3283 59 certain certain JJ 34823 3283 60 percentage percentage NN 34823 3283 61 in in IN 34823 3283 62 the the DT 34823 3283 63 way way NN 34823 3283 64 of of IN 34823 3283 65 discount discount NN 34823 3283 66 , , , 34823 3283 67 or or CC 34823 3283 68 else else RB 34823 3283 69 accept accept VB 34823 3283 70 the the DT 34823 3283 71 bill bill NN 34823 3283 72 at at IN 34823 3283 73 its -PRON- PRP$ 34823 3283 74 face face NN 34823 3283 75 value value NN 34823 3283 76 , , , 34823 3283 77 crediting credit VBG 34823 3283 78 the the DT 34823 3283 79 customer customer NN 34823 3283 80 with with IN 34823 3283 81 the the DT 34823 3283 82 amount amount NN 34823 3283 83 on on IN 34823 3283 84 the the DT 34823 3283 85 date date NN 34823 3283 86 of of IN 34823 3283 87 maturity maturity NN 34823 3283 88 , , , 34823 3283 89 while while IN 34823 3283 90 business business NN 34823 3283 91 men man NNS 34823 3283 92 ( ( -LRB- 34823 3283 93 other other JJ 34823 3283 94 than than IN 34823 3283 95 bankers banker NNS 34823 3283 96 ) ) -RRB- 34823 3283 97 are be VBP 34823 3283 98 in in IN 34823 3283 99 the the DT 34823 3283 100 habit habit NN 34823 3283 101 of of IN 34823 3283 102 taking take VBG 34823 3283 103 bills bill NNS 34823 3283 104 of of IN 34823 3283 105 exchange exchange NN 34823 3283 106 as as IN 34823 3283 107 they -PRON- PRP 34823 3283 108 would would MD 34823 3283 109 cash cash VB 34823 3283 110 . . . 34823 3284 1 " " `` 34823 3284 2 [ [ -LRB- 34823 3284 3 328 328 CD 34823 3284 4 ] ] -RRB- 34823 3284 5 This this DT 34823 3284 6 quotation quotation NN 34823 3284 7 describes describe VBZ 34823 3284 8 conditions condition NNS 34823 3284 9 in in IN 34823 3284 10 Germany Germany NNP 34823 3284 11 . . . 34823 3285 1 The the DT 34823 3285 2 same same JJ 34823 3285 3 authorities authority NNS 34823 3285 4 ( ( -LRB- 34823 3285 5 p. p. NN 34823 3285 6 176 176 CD 34823 3285 7 ) ) -RRB- 34823 3285 8 give give VBP 34823 3285 9 figures figure NNS 34823 3285 10 showing show VBG 34823 3285 11 a a DT 34823 3285 12 rapid rapid JJ 34823 3285 13 development development NN 34823 3285 14 in in IN 34823 3285 15 the the DT 34823 3285 16 volume volume NN 34823 3285 17 of of IN 34823 3285 18 bills bill NNS 34823 3285 19 of of IN 34823 3285 20 exchange exchange NN 34823 3285 21 , , , 34823 3285 22 rising rise VBG 34823 3285 23 from from IN 34823 3285 24 about about IN 34823 3285 25 13 13 CD 34823 3285 26 billions billion NNS 34823 3285 27 of of IN 34823 3285 28 marks mark NNS 34823 3285 29 in in IN 34823 3285 30 1872 1872 CD 34823 3285 31 to to IN 34823 3285 32 about about RB 34823 3285 33 31 31 CD 34823 3285 34 billions billion NNS 34823 3285 35 in in IN 34823 3285 36 1907 1907 CD 34823 3285 37 . . . 34823 3286 1 These these DT 34823 3286 2 figures figure NNS 34823 3286 3 show show VBP 34823 3286 4 that that IN 34823 3286 5 bills bill NNS 34823 3286 6 of of IN 34823 3286 7 exchange exchange NN 34823 3286 8 are be VBP 34823 3286 9 a a DT 34823 3286 10 big big JJ 34823 3286 11 factor factor NN 34823 3286 12 in in IN 34823 3286 13 German german JJ 34823 3286 14 business business NN 34823 3286 15 life,--a life,--a NNP 34823 3286 16 conclusion conclusion NN 34823 3286 17 that that WDT 34823 3286 18 is be VBZ 34823 3286 19 strengthened strengthen VBN 34823 3286 20 when when WRB 34823 3286 21 they -PRON- PRP 34823 3286 22 are be VBP 34823 3286 23 compared compare VBN 34823 3286 24 with with IN 34823 3286 25 the the DT 34823 3286 26 figures figure NNS 34823 3286 27 for for IN 34823 3286 28 giro giro NNS 34823 3286 29 - - HYPH 34823 3286 30 transfers transfers NNP 34823 3286 31 on on IN 34823 3286 32 pp pp NNP 34823 3286 33 . . . 34823 3287 1 188 188 CD 34823 3287 2 - - SYM 34823 3287 3 189 189 CD 34823 3287 4 of of IN 34823 3287 5 the the DT 34823 3287 6 same same JJ 34823 3287 7 article article NN 34823 3287 8 , , , 34823 3287 9 or or CC 34823 3287 10 with with IN 34823 3287 11 the the DT 34823 3287 12 figures figure NNS 34823 3287 13 for for IN 34823 3287 14 note note NN 34823 3287 15 issue issue NN 34823 3287 16 on on IN 34823 3287 17 p. p. NN 34823 3288 1 209 209 CD 34823 3288 2 . . . 34823 3289 1 [ [ -LRB- 34823 3289 2 329 329 CD 34823 3289 3 ] ] -RRB- 34823 3289 4 In in IN 34823 3289 5 the the DT 34823 3289 6 United United NNP 34823 3289 7 States States NNP 34823 3289 8 , , , 34823 3289 9 of of IN 34823 3289 10 course course NN 34823 3289 11 , , , 34823 3289 12 the the DT 34823 3289 13 use use NN 34823 3289 14 of of IN 34823 3289 15 bills bill NNS 34823 3289 16 of of IN 34823 3289 17 exchange exchange NN 34823 3289 18 has have VBZ 34823 3289 19 become become VBN 34823 3289 20 comparatively comparatively RB 34823 3289 21 unimportant unimportant JJ 34823 3289 22 in in IN 34823 3289 23 domestic domestic JJ 34823 3289 24 commerce,[330 commerce,[330 NN 34823 3289 25 ] ] -RRB- 34823 3289 26 though though IN 34823 3289 27 there there EX 34823 3289 28 is be VBZ 34823 3289 29 a a DT 34823 3289 30 movement movement NN 34823 3289 31 to to TO 34823 3289 32 revive revive VB 34823 3289 33 them -PRON- PRP 34823 3289 34 , , , 34823 3289 35 since since IN 34823 3289 36 the the DT 34823 3289 37 new new JJ 34823 3289 38 Federal Federal NNP 34823 3289 39 Reserve Reserve NNP 34823 3289 40 system system NN 34823 3289 41 has have VBZ 34823 3289 42 come come VBN 34823 3289 43 in in RP 34823 3289 44 . . . 34823 3290 1 Their -PRON- PRP$ 34823 3290 2 chief chief JJ 34823 3290 3 importance importance NN 34823 3290 4 is be VBZ 34823 3290 5 in in IN 34823 3290 6 connection connection NN 34823 3290 7 with with IN 34823 3290 8 foreign foreign JJ 34823 3290 9 trade trade NN 34823 3290 10 . . . 34823 3291 1 Is be VBZ 34823 3291 2 it -PRON- PRP 34823 3291 3 possible possible JJ 34823 3291 4 that that IN 34823 3291 5 Professor Professor NNP 34823 3291 6 Fisher Fisher NNP 34823 3291 7 's 's POS 34823 3291 8 reason reason NN 34823 3291 9 for for IN 34823 3291 10 wishing wish VBG 34823 3291 11 to to TO 34823 3291 12 minimize minimize VB 34823 3291 13 foreign foreign JJ 34823 3291 14 trade[331 trade[331 NN 34823 3291 15 ] ] -RRB- 34823 3291 16 is be VBZ 34823 3291 17 the the DT 34823 3291 18 unconscious unconscious JJ 34823 3291 19 desire desire NN 34823 3291 20 to to TO 34823 3291 21 get get VB 34823 3291 22 rid rid VBN 34823 3291 23 of of IN 34823 3291 24 the the DT 34823 3291 25 annoying annoying JJ 34823 3291 26 bills bill NNS 34823 3291 27 of of IN 34823 3291 28 exchange exchange NN 34823 3291 29 , , , 34823 3291 30 which which WDT 34823 3291 31 so so RB 34823 3291 32 obviously obviously RB 34823 3291 33 tend tend VBP 34823 3291 34 to to TO 34823 3291 35 make make VB 34823 3291 36 bank bank NN 34823 3291 37 - - HYPH 34823 3291 38 credit credit NN 34823 3291 39 and and CC 34823 3291 40 volume volume NN 34823 3291 41 of of IN 34823 3291 42 trade trade NN 34823 3291 43 interdependent interdependent JJ 34823 3291 44 , , , 34823 3291 45 and and CC 34823 3291 46 which which WDT 34823 3291 47 further further RB 34823 3291 48 spoil spoil VBP 34823 3291 49 the the DT 34823 3291 50 quantity quantity NN 34823 3291 51 theory theory NN 34823 3291 52 by by IN 34823 3291 53 serving serve VBG 34823 3291 54 as as IN 34823 3291 55 a a DT 34823 3291 56 flexible flexible JJ 34823 3291 57 substitute substitute NN 34823 3291 58 for for IN 34823 3291 59 both both CC 34823 3291 60 money money NN 34823 3291 61 and and CC 34823 3291 62 deposits deposit NNS 34823 3291 63 ? ? . 34823 3292 1 I -PRON- PRP 34823 3292 2 regret regret VBP 34823 3292 3 the the DT 34823 3292 4 necessity necessity NN 34823 3292 5 for for IN 34823 3292 6 this this DT 34823 3292 7 elementary elementary JJ 34823 3292 8 exposition exposition NN 34823 3292 9 of of IN 34823 3292 10 familiar familiar JJ 34823 3292 11 things thing NNS 34823 3292 12 . . . 34823 3293 1 But but CC 34823 3293 2 Fisher Fisher NNP 34823 3293 3 's 's POS 34823 3293 4 theory theory NN 34823 3293 5 has have VBZ 34823 3293 6 no no DT 34823 3293 7 place place NN 34823 3293 8 for for IN 34823 3293 9 these these DT 34823 3293 10 familiar familiar JJ 34823 3293 11 things thing NNS 34823 3293 12 -- -- : 34823 3293 13 and and CC 34823 3293 14 Fisher Fisher NNP 34823 3293 15 has have VBZ 34823 3293 16 merely merely RB 34823 3293 17 made make VBN 34823 3293 18 very very RB 34823 3293 19 explicit explicit JJ 34823 3293 20 the the DT 34823 3293 21 logic logic NN 34823 3293 22 of of IN 34823 3293 23 the the DT 34823 3293 24 quantity quantity NN 34823 3293 25 theory theory NN 34823 3293 26 ! ! . 34823 3294 1 As as IN 34823 3294 2 applied apply VBN 34823 3294 3 to to IN 34823 3294 4 modern modern JJ 34823 3294 5 conditions condition NNS 34823 3294 6 , , , 34823 3294 7 the the DT 34823 3294 8 quantity quantity NN 34823 3294 9 theory theory NN 34823 3294 10 is be VBZ 34823 3294 11 obliged oblige VBN 34823 3294 12 to to TO 34823 3294 13 assert assert VB 34823 3294 14 -- -- : 34823 3294 15 and and CC 34823 3294 16 Fisher Fisher NNP 34823 3294 17 does do VBZ 34823 3294 18 assert assert VB 34823 3294 19 : : : 34823 3294 20 ( ( -LRB- 34823 3294 21 a a LS 34823 3294 22 ) ) -RRB- 34823 3294 23 that that IN 34823 3294 24 there there EX 34823 3294 25 is be VBZ 34823 3294 26 a a DT 34823 3294 27 causal causal JJ 34823 3294 28 dependence dependence NN 34823 3294 29 of of IN 34823 3294 30 bank bank NN 34823 3294 31 - - HYPH 34823 3294 32 credit credit NN 34823 3294 33 on on IN 34823 3294 34 money money NN 34823 3294 35 , , , 34823 3294 36 and and CC 34823 3294 37 " " `` 34823 3294 38 normally normally RB 34823 3294 39 " " '' 34823 3294 40 a a DT 34823 3294 41 fixed fix VBN 34823 3294 42 ratio ratio NN 34823 3294 43 between between IN 34823 3294 44 them -PRON- PRP 34823 3294 45 ; ; : 34823 3294 46 ( ( -LRB- 34823 3294 47 b b LS 34823 3294 48 ) ) -RRB- 34823 3294 49 that that DT 34823 3294 50 velocity velocity NN 34823 3294 51 of of IN 34823 3294 52 circulation circulation NN 34823 3294 53 of of IN 34823 3294 54 money money NN 34823 3294 55 and and CC 34823 3294 56 credit credit NN 34823 3294 57 instruments instrument NNS 34823 3294 58 are be VBP 34823 3294 59 independent independent JJ 34823 3294 60 of of IN 34823 3294 61 quantity quantity NN 34823 3294 62 of of IN 34823 3294 63 money money NN 34823 3294 64 and and CC 34823 3294 65 credit credit NN 34823 3294 66 instruments instrument NNS 34823 3294 67 ; ; : 34823 3294 68 ( ( -LRB- 34823 3294 69 c c NN 34823 3294 70 ) ) -RRB- 34823 3294 71 that that IN 34823 3294 72 , , , 34823 3294 73 in in IN 34823 3294 74 general general JJ 34823 3294 75 , , , 34823 3294 76 money money NN 34823 3294 77 and and CC 34823 3294 78 volume volume NN 34823 3294 79 of of IN 34823 3294 80 credit credit NN 34823 3294 81 ( ( -LRB- 34823 3294 82 taken take VBN 34823 3294 83 together together RB 34823 3294 84 ) ) -RRB- 34823 3294 85 , , , 34823 3294 86 velocities velocity NNS 34823 3294 87 , , , 34823 3294 88 and and CC 34823 3294 89 trade trade NN 34823 3294 90 , , , 34823 3294 91 are be VBP 34823 3294 92 independent independent JJ 34823 3294 93 magnitudes magnitude NNS 34823 3294 94 , , , 34823 3294 95 each each DT 34823 3294 96 governed govern VBN 34823 3294 97 by by IN 34823 3294 98 separate separate JJ 34823 3294 99 laws law NNS 34823 3294 100 , , , 34823 3294 101 though though IN 34823 3294 102 Fisher Fisher NNP 34823 3294 103 concedes concede VBZ 34823 3294 104 _ _ NNP 34823 3294 105 some some DT 34823 3294 106 _ _ NNP 34823 3294 107 reaction reaction NN 34823 3294 108 of of IN 34823 3294 109 trade trade NN 34823 3294 110 on on IN 34823 3294 111 velocities velocity NNS 34823 3294 112 ; ; , 34823 3294 113 ( ( -LRB- 34823 3294 114 d d NN 34823 3294 115 ) ) -RRB- 34823 3294 116 in in IN 34823 3294 117 particular particular JJ 34823 3294 118 , , , 34823 3294 119 that that DT 34823 3294 120 volume volume NN 34823 3294 121 of of IN 34823 3294 122 money money NN 34823 3294 123 and and CC 34823 3294 124 credit credit NN 34823 3294 125 has have VBZ 34823 3294 126 no no DT 34823 3294 127 influence influence NN 34823 3294 128 on on IN 34823 3294 129 trade trade NN 34823 3294 130 , , , 34823 3294 131 and and CC 34823 3294 132 that that DT 34823 3294 133 trade trade NN 34823 3294 134 has have VBZ 34823 3294 135 no no DT 34823 3294 136 direct direct JJ 34823 3294 137 influence influence NN 34823 3294 138 on on IN 34823 3294 139 volume volume NN 34823 3294 140 of of IN 34823 3294 141 credit credit NN 34823 3294 142 . . . 34823 3295 1 All all PDT 34823 3295 2 these these DT 34823 3295 3 doctrines doctrine NNS 34823 3295 4 are be VBP 34823 3295 5 necessary necessary JJ 34823 3295 6 if if IN 34823 3295 7 the the DT 34823 3295 8 contention contention NN 34823 3295 9 that that IN 34823 3295 10 an an DT 34823 3295 11 increase increase NN 34823 3295 12 of of IN 34823 3295 13 money money NN 34823 3295 14 will will MD 34823 3295 15 proportionately proportionately RB 34823 3295 16 raise raise VB 34823 3295 17 prices price NNS 34823 3295 18 is be VBZ 34823 3295 19 to to TO 34823 3295 20 be be VB 34823 3295 21 maintained maintain VBN 34823 3295 22 , , , 34823 3295 23 or or CC 34823 3295 24 if if IN 34823 3295 25 it -PRON- PRP 34823 3295 26 is be VBZ 34823 3295 27 to to TO 34823 3295 28 be be VB 34823 3295 29 maintained maintain VBN 34823 3295 30 that that IN 34823 3295 31 a a DT 34823 3295 32 decrease decrease NN 34823 3295 33 in in IN 34823 3295 34 trade trade NN 34823 3295 35 will will MD 34823 3295 36 proportionately proportionately RB 34823 3295 37 raise raise VB 34823 3295 38 prices price NNS 34823 3295 39 . . . 34823 3296 1 I -PRON- PRP 34823 3296 2 have have VBP 34823 3296 3 analyzed analyze VBN 34823 3296 4 each each DT 34823 3296 5 of of IN 34823 3296 6 these these DT 34823 3296 7 contentions contention NNS 34823 3296 8 , , , 34823 3296 9 and and CC 34823 3296 10 I -PRON- PRP 34823 3296 11 find find VBP 34823 3296 12 justification justification NN 34823 3296 13 for for IN 34823 3296 14 none none NN 34823 3296 15 of of IN 34823 3296 16 them -PRON- PRP 34823 3296 17 . . . 34823 3297 1 Not not RB 34823 3297 2 yet yet RB 34823 3297 3 , , , 34823 3297 4 however however RB 34823 3297 5 , , , 34823 3297 6 have have VBP 34823 3297 7 we -PRON- PRP 34823 3297 8 reached reach VBN 34823 3297 9 the the DT 34823 3297 10 least least JJS 34823 3297 11 tenable tenable JJ 34823 3297 12 aspect aspect NN 34823 3297 13 of of IN 34823 3297 14 the the DT 34823 3297 15 quantity quantity NN 34823 3297 16 theory theory NN 34823 3297 17 . . . 34823 3298 1 There there EX 34823 3298 2 remains remain VBZ 34823 3298 3 the the DT 34823 3298 4 contention contention NN 34823 3298 5 that that IN 34823 3298 6 prices price NNS 34823 3298 7 are be VBP 34823 3298 8 passive passive JJ 34823 3298 9 , , , 34823 3298 10 that that IN 34823 3298 11 a a DT 34823 3298 12 change change NN 34823 3298 13 , , , 34823 3298 14 _ _ NNP 34823 3298 15 originating originate VBG 34823 3298 16 _ _ NNP 34823 3298 17 in in IN 34823 3298 18 prices price NNS 34823 3298 19 , , , 34823 3298 20 and and CC 34823 3298 21 involving involve VBG 34823 3298 22 a a DT 34823 3298 23 change change NN 34823 3298 24 in in IN 34823 3298 25 the the DT 34823 3298 26 average average JJ 34823 3298 27 price price NN 34823 3298 28 , , , 34823 3298 29 or or CC 34823 3298 30 the the DT 34823 3298 31 general general JJ 34823 3298 32 price price NN 34823 3298 33 - - HYPH 34823 3298 34 level level NN 34823 3298 35 , , , 34823 3298 36 can can MD 34823 3298 37 not not RB 34823 3298 38 maintain maintain VB 34823 3298 39 itself -PRON- PRP 34823 3298 40 -- -- : 34823 3298 41 that that IN 34823 3298 42 P p NN 34823 3298 43 is be VBZ 34823 3298 44 a a DT 34823 3298 45 passive passive JJ 34823 3298 46 function function NN 34823 3298 47 of of IN 34823 3298 48 the the DT 34823 3298 49 other other JJ 34823 3298 50 five five CD 34823 3298 51 magnitudes magnitude NNS 34823 3298 52 of of IN 34823 3298 53 the the DT 34823 3298 54 equation equation NN 34823 3298 55 of of IN 34823 3298 56 exchange exchange NN 34823 3298 57 . . . 34823 3299 1 To to IN 34823 3299 2 this this DT 34823 3299 3 central central JJ 34823 3299 4 fortress fortress NN 34823 3299 5 of of IN 34823 3299 6 the the DT 34823 3299 7 quantity quantity NN 34823 3299 8 theory theory NN 34823 3299 9 we -PRON- PRP 34823 3299 10 shall shall MD 34823 3299 11 devote devote VB 34823 3299 12 the the DT 34823 3299 13 next next JJ 34823 3299 14 chapter chapter NN 34823 3299 15 . . . 34823 3300 1 CHAPTER chapter NN 34823 3300 2 XV XV NNP 34823 3300 3 THE the DT 34823 3300 4 QUANTITY QUANTITY NNP 34823 3300 5 THEORY theory NN 34823 3300 6 : : : 34823 3300 7 THE the DT 34823 3300 8 " " `` 34823 3300 9 PASSIVENESS passiveness NN 34823 3300 10 OF of IN 34823 3300 11 PRICES prices NN 34823 3300 12 " " `` 34823 3300 13 Is be VBZ 34823 3300 14 the the DT 34823 3300 15 price price NN 34823 3300 16 - - HYPH 34823 3300 17 level level NN 34823 3300 18 passive passive JJ 34823 3300 19 ? ? . 34823 3301 1 Is be VBZ 34823 3301 2 it -PRON- PRP 34823 3301 3 true true JJ 34823 3301 4 that that IN 34823 3301 5 while while IN 34823 3301 6 change change NN 34823 3301 7 may may MD 34823 3301 8 occur occur VB 34823 3301 9 from from IN 34823 3301 10 causes cause NNS 34823 3301 11 outside outside IN 34823 3301 12 the the DT 34823 3301 13 equation equation NN 34823 3301 14 of of IN 34823 3301 15 exchange exchange NN 34823 3301 16 in in IN 34823 3301 17 volume volume NN 34823 3301 18 of of IN 34823 3301 19 money money NN 34823 3301 20 , , , 34823 3301 21 volume volume NN 34823 3301 22 of of IN 34823 3301 23 trade trade NN 34823 3301 24 , , , 34823 3301 25 and and CC 34823 3301 26 velocities velocity NNS 34823 3301 27 of of IN 34823 3301 28 circulation circulation NN 34823 3301 29 , , , 34823 3301 30 a a DT 34823 3301 31 change change NN 34823 3301 32 in in IN 34823 3301 33 the the DT 34823 3301 34 price price NN 34823 3301 35 - - HYPH 34823 3301 36 level level NN 34823 3301 37 from from IN 34823 3301 38 causes cause NNS 34823 3301 39 outside outside IN 34823 3301 40 the the DT 34823 3301 41 equation equation NN 34823 3301 42 is be VBZ 34823 3301 43 impossible impossible JJ 34823 3301 44 ? ? . 34823 3302 1 Must Must MD 34823 3302 2 the the DT 34823 3302 3 average average NN 34823 3302 4 of of IN 34823 3302 5 prices price NNS 34823 3302 6 be be VB 34823 3302 7 a a DT 34823 3302 8 passive passive JJ 34823 3302 9 function function NN 34823 3302 10 of of IN 34823 3302 11 M M NNP 34823 3302 12 , , , 34823 3302 13 the the DT 34823 3302 14 V V NNP 34823 3302 15 's 's POS 34823 3302 16 , , , 34823 3302 17 M M NNP 34823 3302 18 ´ ´ NNP 34823 3302 19 and and CC 34823 3302 20 T t NN 34823 3302 21 ? ? . 34823 3303 1 Such such JJ 34823 3303 2 is be VBZ 34823 3303 3 the the DT 34823 3303 4 general general JJ 34823 3303 5 contention contention NN 34823 3303 6 of of IN 34823 3303 7 the the DT 34823 3303 8 quantity quantity NN 34823 3303 9 theory theory NN 34823 3303 10 , , , 34823 3303 11 and and CC 34823 3303 12 such such JJ 34823 3303 13 , , , 34823 3303 14 very very RB 34823 3303 15 explicitly explicitly RB 34823 3303 16 , , , 34823 3303 17 is be VBZ 34823 3303 18 Fisher Fisher NNP 34823 3303 19 's 's POS 34823 3303 20 contention contention NN 34823 3303 21 . . . 34823 3304 1 The the DT 34823 3304 2 price price NN 34823 3304 3 - - HYPH 34823 3304 4 level level NN 34823 3304 5 is be VBZ 34823 3304 6 always always RB 34823 3304 7 effect effect NN 34823 3304 8 , , , 34823 3304 9 and and CC 34823 3304 10 never never RB 34823 3304 11 cause cause VB 34823 3304 12 ( ( -LRB- 34823 3304 13 with with IN 34823 3304 14 slight slight JJ 34823 3304 15 modifications modification NNS 34823 3304 16 of of IN 34823 3304 17 the the DT 34823 3304 18 doctrine doctrine NN 34823 3304 19 for for IN 34823 3304 20 transition transition NN 34823 3304 21 periods period NNS 34823 3304 22 ) ) -RRB- 34823 3304 23 in in IN 34823 3304 24 its -PRON- PRP$ 34823 3304 25 relations relation NNS 34823 3304 26 to to IN 34823 3304 27 the the DT 34823 3304 28 other other JJ 34823 3304 29 magnitudes magnitude NNS 34823 3304 30 in in IN 34823 3304 31 the the DT 34823 3304 32 equation equation NN 34823 3304 33 of of IN 34823 3304 34 exchange exchange NN 34823 3304 35 . . . 34823 3305 1 Now now RB 34823 3305 2 in in IN 34823 3305 3 one one CD 34823 3305 4 sense sense NN 34823 3305 5 , , , 34823 3305 6 it -PRON- PRP 34823 3305 7 is be VBZ 34823 3305 8 my -PRON- PRP$ 34823 3305 9 own own JJ 34823 3305 10 contention contention NN 34823 3305 11 that that IN 34823 3305 12 the the DT 34823 3305 13 price-_level price-_level NN 34823 3305 14 _ _ NNP 34823 3305 15 can can MD 34823 3305 16 never never RB 34823 3305 17 be be VB 34823 3305 18 a a DT 34823 3305 19 _ _ NNP 34823 3305 20 cause cause IN 34823 3305 21 _ _ NNP 34823 3305 22 of of IN 34823 3305 23 anything anything NN 34823 3305 24 . . . 34823 3306 1 The the DT 34823 3306 2 price price NN 34823 3306 3 - - HYPH 34823 3306 4 level level NN 34823 3306 5 is be VBZ 34823 3306 6 an an DT 34823 3306 7 _ _ NNP 34823 3306 8 average average NN 34823 3306 9 _ _ NNP 34823 3306 10 . . . 34823 3307 1 Averages average NNS 34823 3307 2 may may MD 34823 3307 3 be be VB 34823 3307 4 _ _ NNP 34823 3307 5 indicia indicia NNP 34823 3307 6 _ _ NNP 34823 3307 7 of of IN 34823 3307 8 causation causation NN 34823 3307 9 , , , 34823 3307 10 but but CC 34823 3307 11 they -PRON- PRP 34823 3307 12 are be VBP 34823 3307 13 not not RB 34823 3307 14 themselves -PRON- PRP 34823 3307 15 causes cause NNS 34823 3307 16 . . . 34823 3308 1 They -PRON- PRP 34823 3308 2 are be VBP 34823 3308 3 not not RB 34823 3308 4 , , , 34823 3308 5 in in IN 34823 3308 6 reality reality NN 34823 3308 7 , , , 34823 3308 8 anything anything NN 34823 3308 9 _ _ NNP 34823 3308 10 at at RB 34823 3308 11 all all RB 34823 3308 12 _ _ NNP 34823 3308 13 . . . 34823 3309 1 Causation causation NN 34823 3309 2 is be VBZ 34823 3309 3 a a DT 34823 3309 4 matter matter NN 34823 3309 5 which which WDT 34823 3309 6 pertains pertain VBZ 34823 3309 7 to to IN 34823 3309 8 the the DT 34823 3309 9 particulars particular NNS 34823 3309 10 of of IN 34823 3309 11 which which WDT 34823 3309 12 the the DT 34823 3309 13 average average NN 34823 3309 14 is be VBZ 34823 3309 15 made make VBN 34823 3309 16 . . . 34823 3310 1 But but CC 34823 3310 2 this this DT 34823 3310 3 is be VBZ 34823 3310 4 not not RB 34823 3310 5 the the DT 34823 3310 6 doctrine doctrine NN 34823 3310 7 of of IN 34823 3310 8 the the DT 34823 3310 9 quantity quantity NN 34823 3310 10 theory theory NN 34823 3310 11 . . . 34823 3311 1 The the DT 34823 3311 2 quantity quantity NN 34823 3311 3 theory theory NN 34823 3311 4 does do VBZ 34823 3311 5 , , , 34823 3311 6 in in IN 34823 3311 7 certain certain JJ 34823 3311 8 connections connection NNS 34823 3311 9 , , , 34823 3311 10 assign assign JJ 34823 3311 11 causal causal NN 34823 3311 12 influence influence NN 34823 3311 13 to to IN 34823 3311 14 the the DT 34823 3311 15 level level NN 34823 3311 16 of of IN 34823 3311 17 prices price NNS 34823 3311 18 , , , 34823 3311 19 particularly particularly RB 34823 3311 20 in in IN 34823 3311 21 the the DT 34823 3311 22 theory theory NN 34823 3311 23 of of IN 34823 3311 24 foreign foreign JJ 34823 3311 25 exchange exchange NN 34823 3311 26 , , , 34823 3311 27 where where WRB 34823 3311 28 the the DT 34823 3311 29 explanation explanation NN 34823 3311 30 of of IN 34823 3311 31 international international JJ 34823 3311 32 gold gold NN 34823 3311 33 movements movement NNS 34823 3311 34 rests rest VBZ 34823 3311 35 on on IN 34823 3311 36 the the DT 34823 3311 37 doctrine doctrine NN 34823 3311 38 that that IN 34823 3311 39 a a DT 34823 3311 40 price price NN 34823 3311 41 - - HYPH 34823 3311 42 level level NN 34823 3311 43 in in IN 34823 3311 44 one one CD 34823 3311 45 country country NN 34823 3311 46 , , , 34823 3311 47 higher high JJR 34823 3311 48 than than IN 34823 3311 49 the the DT 34823 3311 50 price price NN 34823 3311 51 - - HYPH 34823 3311 52 level level NN 34823 3311 53 of of IN 34823 3311 54 another another DT 34823 3311 55 country country NN 34823 3311 56 , , , 34823 3311 57 drives drive VBZ 34823 3311 58 money money NN 34823 3311 59 away away RB 34823 3311 60 . . . 34823 3312 1 [ [ -LRB- 34823 3312 2 332 332 CD 34823 3312 3 ] ] -RRB- 34823 3312 4 It -PRON- PRP 34823 3312 5 will will MD 34823 3312 6 be be VB 34823 3312 7 seen see VBN 34823 3312 8 , , , 34823 3312 9 in in IN 34823 3312 10 a a DT 34823 3312 11 moment moment NN 34823 3312 12 , , , 34823 3312 13 that that IN 34823 3312 14 Fisher Fisher NNP 34823 3312 15 relies rely VBZ 34823 3312 16 on on IN 34823 3312 17 this this DT 34823 3312 18 principle principle NN 34823 3312 19 to to TO 34823 3312 20 prove prove VB 34823 3312 21 that that IN 34823 3312 22 the the DT 34823 3312 23 price price NN 34823 3312 24 - - HYPH 34823 3312 25 level level NN 34823 3312 26 of of IN 34823 3312 27 a a DT 34823 3312 28 country country NN 34823 3312 29 can can MD 34823 3312 30 not not RB 34823 3312 31 rise rise VB 34823 3312 32 without without IN 34823 3312 33 an an DT 34823 3312 34 increase increase NN 34823 3312 35 of of IN 34823 3312 36 money money NN 34823 3312 37 -- -- : 34823 3312 38 if if IN 34823 3312 39 it -PRON- PRP 34823 3312 40 did do VBD 34823 3312 41 so so RB 34823 3312 42 rise rise VB 34823 3312 43 , , , 34823 3312 44 it -PRON- PRP 34823 3312 45 would would MD 34823 3312 46 drive drive VB 34823 3312 47 out out RP 34823 3312 48 the the DT 34823 3312 49 money money NN 34823 3312 50 , , , 34823 3312 51 and and CC 34823 3312 52 so so RB 34823 3312 53 be be VB 34823 3312 54 forced force VBN 34823 3312 55 down down RP 34823 3312 56 again again RB 34823 3312 57 . . . 34823 3313 1 The the DT 34823 3313 2 point point NN 34823 3313 3 at at IN 34823 3313 4 issue issue NN 34823 3313 5 may may MD 34823 3313 6 be be VB 34823 3313 7 stated state VBN 34823 3313 8 in in IN 34823 3313 9 terms term NNS 34823 3313 10 of of IN 34823 3313 11 particular particular JJ 34823 3313 12 prices price NNS 34823 3313 13 . . . 34823 3314 1 The the DT 34823 3314 2 quantity quantity NN 34823 3314 3 theory theory NN 34823 3314 4 is be VBZ 34823 3314 5 that that IN 34823 3314 6 , , , 34823 3314 7 while while IN 34823 3314 8 particular particular JJ 34823 3314 9 prices price NNS 34823 3314 10 may may MD 34823 3314 11 rise rise VB 34823 3314 12 from from IN 34823 3314 13 causes cause NNS 34823 3314 14 affecting affect VBG 34823 3314 15 them -PRON- PRP 34823 3314 16 , , , 34823 3314 17 as as IN 34823 3314 18 compared compare VBN 34823 3314 19 with with IN 34823 3314 20 other other JJ 34823 3314 21 prices price NNS 34823 3314 22 , , , 34823 3314 23 without without IN 34823 3314 24 a a DT 34823 3314 25 change change NN 34823 3314 26 in in IN 34823 3314 27 money money NN 34823 3314 28 , , , 34823 3314 29 velocities velocity NNS 34823 3314 30 , , , 34823 3314 31 etc etc FW 34823 3314 32 . . . 34823 3314 33 , , , 34823 3314 34 still still RB 34823 3314 35 there there EX 34823 3314 36 can can MD 34823 3314 37 not not RB 34823 3314 38 be be VB 34823 3314 39 a a DT 34823 3314 40 rise rise NN 34823 3314 41 in in IN 34823 3314 42 the the DT 34823 3314 43 general general JJ 34823 3314 44 average average NN 34823 3314 45 , , , 34823 3314 46 because because IN 34823 3314 47 other other JJ 34823 3314 48 prices price NNS 34823 3314 49 will will MD 34823 3314 50 be be VB 34823 3314 51 obliged oblige VBN 34823 3314 52 to to TO 34823 3314 53 go go VB 34823 3314 54 down down RP 34823 3314 55 to to TO 34823 3314 56 compensate compensate VB 34823 3314 57 . . . 34823 3315 1 The the DT 34823 3315 2 issue issue NN 34823 3315 3 is be VBZ 34823 3315 4 as as IN 34823 3315 5 to to IN 34823 3315 6 the the DT 34823 3315 7 possibility possibility NN 34823 3315 8 of of IN 34823 3315 9 a a DT 34823 3315 10 rise rise NN 34823 3315 11 in in IN 34823 3315 12 particular particular JJ 34823 3315 13 prices price NNS 34823 3315 14 , , , 34823 3315 15 uncompensated uncompensate VBN 34823 3315 16 by by IN 34823 3315 17 a a DT 34823 3315 18 corresponding corresponding JJ 34823 3315 19 fall fall NN 34823 3315 20 in in IN 34823 3315 21 other other JJ 34823 3315 22 particular particular JJ 34823 3315 23 prices price NNS 34823 3315 24 , , , 34823 3315 25 without without IN 34823 3315 26 a a DT 34823 3315 27 _ _ NNP 34823 3315 28 prior prior JJ 34823 3315 29 _ _ NNP 34823 3315 30 increase increase NN 34823 3315 31 in in IN 34823 3315 32 money money NN 34823 3315 33 , , , 34823 3315 34 or or CC 34823 3315 35 velocities velocity NNS 34823 3315 36 , , , 34823 3315 37 or or CC 34823 3315 38 decrease decrease NN 34823 3315 39 in in IN 34823 3315 40 trade trade NN 34823 3315 41 . . . 34823 3316 1 I -PRON- PRP 34823 3316 2 take take VBP 34823 3316 3 up up RP 34823 3316 4 the the DT 34823 3316 5 issue issue NN 34823 3316 6 in in IN 34823 3316 7 this this DT 34823 3316 8 form form NN 34823 3316 9 . . . 34823 3317 1 I -PRON- PRP 34823 3317 2 shall shall MD 34823 3317 3 maintain maintain VB 34823 3317 4 that that IN 34823 3317 5 particular particular JJ 34823 3317 6 prices price NNS 34823 3317 7 can can MD 34823 3317 8 , , , 34823 3317 9 and and CC 34823 3317 10 do do VB 34823 3317 11 , , , 34823 3317 12 rise rise VB 34823 3317 13 , , , 34823 3317 14 without without IN 34823 3317 15 a a DT 34823 3317 16 _ _ NNP 34823 3317 17 prior prior JJ 34823 3317 18 _ _ NNP 34823 3317 19 increase increase NN 34823 3317 20 in in IN 34823 3317 21 money money NN 34823 3317 22 or or CC 34823 3317 23 bank bank NN 34823 3317 24 - - HYPH 34823 3317 25 deposits deposit NNS 34823 3317 26 , , , 34823 3317 27 or or CC 34823 3317 28 change change NN 34823 3317 29 in in IN 34823 3317 30 the the DT 34823 3317 31 volume volume NN 34823 3317 32 of of IN 34823 3317 33 trade trade NN 34823 3317 34 , , , 34823 3317 35 or or CC 34823 3317 36 in in IN 34823 3317 37 velocity velocity NN 34823 3317 38 of of IN 34823 3317 39 money money NN 34823 3317 40 or or CC 34823 3317 41 deposits deposit NNS 34823 3317 42 and and CC 34823 3317 43 also also RB 34823 3317 44 without without IN 34823 3317 45 compensating compensate VBG 34823 3317 46 fall fall NN 34823 3317 47 in in IN 34823 3317 48 other other JJ 34823 3317 49 particular particular JJ 34823 3317 50 prices price NNS 34823 3317 51 . . . 34823 3318 1 Putting put VBG 34823 3318 2 it -PRON- PRP 34823 3318 3 in in IN 34823 3318 4 terms term NNS 34823 3318 5 of of IN 34823 3318 6 Fisher Fisher NNP 34823 3318 7 's 's POS 34823 3318 8 equation equation NN 34823 3318 9 , , , 34823 3318 10 I -PRON- PRP 34823 3318 11 shall shall MD 34823 3318 12 maintain maintain VB 34823 3318 13 , , , 34823 3318 14 as as IN 34823 3318 15 against against IN 34823 3318 16 Fisher Fisher NNP 34823 3318 17 , , , 34823 3318 18 that that IN 34823 3318 19 P p NN 34823 3318 20 can can MD 34823 3318 21 rise rise VB 34823 3318 22 through through IN 34823 3318 23 the the DT 34823 3318 24 direct direct JJ 34823 3318 25 action action NN 34823 3318 26 of of IN 34823 3318 27 factors factor NNS 34823 3318 28 _ _ NNP 34823 3318 29 outside outside IN 34823 3318 30 _ _ NNP 34823 3318 31 the the DT 34823 3318 32 equation equation NN 34823 3318 33 of of IN 34823 3318 34 exchange exchange NN 34823 3318 35 , , , 34823 3318 36 that that IN 34823 3318 37 as as IN 34823 3318 38 a a DT 34823 3318 39 _ _ NNP 34823 3318 40 consequence consequence NN 34823 3318 41 of of IN 34823 3318 42 such such JJ 34823 3318 43 rise rise NN 34823 3318 44 _ _ NNP 34823 3318 45 the the DT 34823 3318 46 other other JJ 34823 3318 47 factors factor NNS 34823 3318 48 readjust readjust VBP 34823 3318 49 themselves -PRON- PRP 34823 3318 50 , , , 34823 3318 51 and and CC 34823 3318 52 that that IN 34823 3318 53 a a DT 34823 3318 54 new new JJ 34823 3318 55 equilibrium equilibrium NN 34823 3318 56 is be VBZ 34823 3318 57 reached reach VBN 34823 3318 58 which which WDT 34823 3318 59 , , , 34823 3318 60 in in IN 34823 3318 61 the the DT 34823 3318 62 absence absence NN 34823 3318 63 of of IN 34823 3318 64 new new JJ 34823 3318 65 disturbances disturbance NNS 34823 3318 66 from from IN 34823 3318 67 causes cause NNS 34823 3318 68 outside outside IN 34823 3318 69 the the DT 34823 3318 70 equation equation NN 34823 3318 71 , , , 34823 3318 72 tends tend VBZ 34823 3318 73 to to TO 34823 3318 74 be be VB 34823 3318 75 as as RB 34823 3318 76 permanent permanent JJ 34823 3318 77 and and CC 34823 3318 78 stable stable JJ 34823 3318 79 as as IN 34823 3318 80 the the DT 34823 3318 81 old old JJ 34823 3318 82 equilibrium equilibrium NN 34823 3318 83 was be VBD 34823 3318 84 . . . 34823 3319 1 In in IN 34823 3319 2 the the DT 34823 3319 3 argument argument NN 34823 3319 4 which which WDT 34823 3319 5 follows follow VBZ 34823 3319 6 , , , 34823 3319 7 I -PRON- PRP 34823 3319 8 shall shall MD 34823 3319 9 respect respect VB 34823 3319 10 thoroughly thoroughly RB 34823 3319 11 the the DT 34823 3319 12 distinction distinction NN 34823 3319 13 between between IN 34823 3319 14 " " `` 34823 3319 15 normal normal JJ 34823 3319 16 " " '' 34823 3319 17 and and CC 34823 3319 18 " " `` 34823 3319 19 transitional transitional JJ 34823 3319 20 " " '' 34823 3319 21 effects effect NNS 34823 3319 22 . . . 34823 3320 1 I -PRON- PRP 34823 3320 2 do do VBP 34823 3320 3 not not RB 34823 3320 4 think think VB 34823 3320 5 that that IN 34823 3320 6 this this DT 34823 3320 7 distinction distinction NN 34823 3320 8 is be VBZ 34823 3320 9 properly properly RB 34823 3320 10 drawn draw VBN 34823 3320 11 by by IN 34823 3320 12 Fisher Fisher NNP 34823 3320 13 . . . 34823 3321 1 In in IN 34823 3321 2 my -PRON- PRP$ 34823 3321 3 discussion discussion NN 34823 3321 4 of of IN 34823 3321 5 the the DT 34823 3321 6 relation relation NN 34823 3321 7 between between IN 34823 3321 8 the the DT 34823 3321 9 volume volume NN 34823 3321 10 of of IN 34823 3321 11 bank bank NN 34823 3321 12 - - HYPH 34823 3321 13 credit credit NN 34823 3321 14 and and CC 34823 3321 15 the the DT 34823 3321 16 volume volume NN 34823 3321 17 of of IN 34823 3321 18 trade trade NN 34823 3321 19 , , , 34823 3321 20 and and CC 34823 3321 21 in in IN 34823 3321 22 other other JJ 34823 3321 23 connections connection NNS 34823 3321 24 , , , 34823 3321 25 I -PRON- PRP 34823 3321 26 have have VBP 34823 3321 27 shown show VBN 34823 3321 28 that that IN 34823 3321 29 Fisher Fisher NNP 34823 3321 30 leaves leave VBZ 34823 3321 31 out out IN 34823 3321 32 of of IN 34823 3321 33 his -PRON- PRP$ 34823 3321 34 normal normal JJ 34823 3321 35 theory theory NN 34823 3321 36 most most JJS 34823 3321 37 of of IN 34823 3321 38 the the DT 34823 3321 39 concrete concrete JJ 34823 3321 40 factors factor NNS 34823 3321 41 which which WDT 34823 3321 42 do do VBP 34823 3321 43 affect affect VB 34823 3321 44 both both CC 34823 3321 45 the the DT 34823 3321 46 concrete concrete JJ 34823 3321 47 magnitudes magnitude NNS 34823 3321 48 , , , 34823 3321 49 and and CC 34823 3321 50 the the DT 34823 3321 51 long long JJ 34823 3321 52 run run NN 34823 3321 53 _ _ NNP 34823 3321 54 averages average NNS 34823 3321 55 _ _ NNP 34823 3321 56 , , , 34823 3321 57 of of IN 34823 3321 58 the the DT 34823 3321 59 factors factor NNS 34823 3321 60 in in IN 34823 3321 61 his -PRON- PRP$ 34823 3321 62 own own JJ 34823 3321 63 equation equation NN 34823 3321 64 . . . 34823 3322 1 But but CC 34823 3322 2 for for IN 34823 3322 3 the the DT 34823 3322 4 present present NN 34823 3322 5 , , , 34823 3322 6 I -PRON- PRP 34823 3322 7 shall shall MD 34823 3322 8 meet meet VB 34823 3322 9 him -PRON- PRP 34823 3322 10 on on IN 34823 3322 11 his -PRON- PRP$ 34823 3322 12 own own JJ 34823 3322 13 ground ground NN 34823 3322 14 , , , 34823 3322 15 give give VB 34823 3322 16 his -PRON- PRP$ 34823 3322 17 distinctions distinction NNS 34823 3322 18 their -PRON- PRP$ 34823 3322 19 fullest full JJS 34823 3322 20 weight weight NN 34823 3322 21 , , , 34823 3322 22 and and CC 34823 3322 23 carry carry VB 34823 3322 24 my -PRON- PRP$ 34823 3322 25 argument argument NN 34823 3322 26 through through IN 34823 3322 27 the the DT 34823 3322 28 " " `` 34823 3322 29 transition transition NN 34823 3322 30 " " '' 34823 3322 31 to to IN 34823 3322 32 a a DT 34823 3322 33 point point NN 34823 3322 34 where where WRB 34823 3322 35 no no DT 34823 3322 36 further further JJ 34823 3322 37 change change NN 34823 3322 38 among among IN 34823 3322 39 the the DT 34823 3322 40 factors factor NNS 34823 3322 41 in in IN 34823 3322 42 the the DT 34823 3322 43 equation equation NN 34823 3322 44 can can MD 34823 3322 45 be be VB 34823 3322 46 expected expect VBN 34823 3322 47 as as IN 34823 3322 48 a a DT 34823 3322 49 consequence consequence NN 34823 3322 50 of of IN 34823 3322 51 the the DT 34823 3322 52 initial initial JJ 34823 3322 53 change change NN 34823 3322 54 assumed assume VBD 34823 3322 55 . . . 34823 3323 1 Fisher Fisher NNP 34823 3323 2 's 's POS 34823 3323 3 argument argument NN 34823 3323 4 to to TO 34823 3323 5 show show VB 34823 3323 6 the the DT 34823 3323 7 passiveness passiveness NN 34823 3323 8 of of IN 34823 3323 9 prices price NNS 34823 3323 10 takes take VBZ 34823 3323 11 the the DT 34823 3323 12 form form NN 34823 3323 13 of of IN 34823 3323 14 a a DT 34823 3323 15 _ _ NNP 34823 3323 16 reductio reductio NN 34823 3323 17 ad ad NN 34823 3323 18 absurdum absurdum NN 34823 3323 19 _ _ NNP 34823 3323 20 . . . 34823 3324 1 " " `` 34823 3324 2 To to TO 34823 3324 3 show show VB 34823 3324 4 the the DT 34823 3324 5 untenability untenability NN 34823 3324 6 of of IN 34823 3324 7 such such PDT 34823 3324 8 an an DT 34823 3324 9 idea idea NN 34823 3324 10 let let VBD 34823 3324 11 us -PRON- PRP 34823 3324 12 grant grant VB 34823 3324 13 for for IN 34823 3324 14 the the DT 34823 3324 15 sake sake NN 34823 3324 16 of of IN 34823 3324 17 argument argument NN 34823 3324 18 that that IN 34823 3324 19 -- -- : 34823 3324 20 in in IN 34823 3324 21 some some DT 34823 3324 22 other other JJ 34823 3324 23 way way NN 34823 3324 24 than than IN 34823 3324 25 as as IN 34823 3324 26 effect effect NN 34823 3324 27 of of IN 34823 3324 28 changes change NNS 34823 3324 29 in in IN 34823 3324 30 M M NNP 34823 3324 31 , , , 34823 3324 32 M M NNP 34823 3324 33 ´ ´ NNP 34823 3324 34 , , , 34823 3324 35 V v NN 34823 3324 36 , , , 34823 3324 37 V V NNP 34823 3324 38 ´ ´ CD 34823 3324 39 , , , 34823 3324 40 and and CC 34823 3324 41 the the DT 34823 3324 42 Q's q' NNS 34823 3324 43 -- -- : 34823 3324 44 the the DT 34823 3324 45 prices price NNS 34823 3324 46 in in IN 34823 3324 47 ( ( -LRB- 34823 3324 48 say say VB 34823 3324 49 ) ) -RRB- 34823 3324 50 the the DT 34823 3324 51 United United NNP 34823 3324 52 States States NNP 34823 3324 53 are be VBP 34823 3324 54 changed change VBN 34823 3324 55 to to IN 34823 3324 56 ( ( -LRB- 34823 3324 57 say say VB 34823 3324 58 ) ) -RRB- 34823 3324 59 double double PDT 34823 3324 60 the the DT 34823 3324 61 original original JJ 34823 3324 62 level level NN 34823 3324 63 , , , 34823 3324 64 and and CC 34823 3324 65 let let VB 34823 3324 66 us -PRON- PRP 34823 3324 67 see see VB 34823 3324 68 what what WDT 34823 3324 69 effect effect NN 34823 3324 70 this this DT 34823 3324 71 will will MD 34823 3324 72 produce produce VB 34823 3324 73 on on IN 34823 3324 74 the the DT 34823 3324 75 other other JJ 34823 3324 76 magnitudes magnitude NNS 34823 3324 77 in in IN 34823 3324 78 the the DT 34823 3324 79 equation equation NN 34823 3324 80 . . . 34823 3325 1 " " `` 34823 3325 2 [ [ -LRB- 34823 3325 3 333 333 CD 34823 3325 4 ] ] -RRB- 34823 3325 5 Then then RB 34823 3325 6 , , , 34823 3325 7 if if IN 34823 3325 8 the the DT 34823 3325 9 equation equation NN 34823 3325 10 of of IN 34823 3325 11 exchange exchange NN 34823 3325 12 is be VBZ 34823 3325 13 to to TO 34823 3325 14 be be VB 34823 3325 15 maintained maintain VBN 34823 3325 16 , , , 34823 3325 17 either either CC 34823 3325 18 M M NNP 34823 3325 19 or or CC 34823 3325 20 M M NNP 34823 3325 21 ´ ´ CD 34823 3325 22 or or CC 34823 3325 23 their -PRON- PRP$ 34823 3325 24 velocities velocity NNS 34823 3325 25 must must MD 34823 3325 26 be be VB 34823 3325 27 increased increase VBN 34823 3325 28 , , , 34823 3325 29 or or CC 34823 3325 30 trade trade NN 34823 3325 31 must must MD 34823 3325 32 be be VB 34823 3325 33 reduced reduce VBN 34823 3325 34 . . . 34823 3326 1 But but CC 34823 3326 2 he -PRON- PRP 34823 3326 3 holds hold VBZ 34823 3326 4 that that IN 34823 3326 5 none none NN 34823 3326 6 of of IN 34823 3326 7 these these DT 34823 3326 8 is be VBZ 34823 3326 9 possible possible JJ 34823 3326 10 . . . 34823 3327 1 ( ( -LRB- 34823 3327 2 1 1 LS 34823 3327 3 ) ) -RRB- 34823 3327 4 Money money NN 34823 3327 5 will will MD 34823 3327 6 be be VB 34823 3327 7 reduced reduce VBN 34823 3327 8 . . . 34823 3328 1 High high JJ 34823 3328 2 prices price NNS 34823 3328 3 drive drive VBP 34823 3328 4 money money NN 34823 3328 5 away away RB 34823 3328 6 to to IN 34823 3328 7 other other JJ 34823 3328 8 countries country NNS 34823 3328 9 . . . 34823 3329 1 Nor nor CC 34823 3329 2 can can MD 34823 3329 3 gold gold NN 34823 3329 4 come come VB 34823 3329 5 in in RP 34823 3329 6 via via IN 34823 3329 7 the the DT 34823 3329 8 mints mint NNS 34823 3329 9 . . . 34823 3330 1 " " `` 34823 3330 2 No no DT 34823 3330 3 one one NN 34823 3330 4 will will MD 34823 3330 5 take take VB 34823 3330 6 bullion bullion NN 34823 3330 7 to to IN 34823 3330 8 the the DT 34823 3330 9 mints mint NNS 34823 3330 10 when when WRB 34823 3330 11 he -PRON- PRP 34823 3330 12 thereby thereby RB 34823 3330 13 loses lose VBZ 34823 3330 14 half half PDT 34823 3330 15 its -PRON- PRP$ 34823 3330 16 value value NN 34823 3330 17 . . . 34823 3331 1 " " `` 34823 3331 2 [ [ -LRB- 34823 3331 3 334 334 CD 34823 3331 4 ] ] -RRB- 34823 3331 5 On on IN 34823 3331 6 the the DT 34823 3331 7 contrary contrary NN 34823 3331 8 , , , 34823 3331 9 men man NNS 34823 3331 10 will will MD 34823 3331 11 melt melt VB 34823 3331 12 down down RP 34823 3331 13 coin coin NN 34823 3331 14 . . . 34823 3332 1 Nor nor CC 34823 3332 2 will will MD 34823 3332 3 high high JJ 34823 3332 4 prices price NNS 34823 3332 5 stimulate stimulate VB 34823 3332 6 mining mining NN 34823 3332 7 . . . 34823 3333 1 Rather rather RB 34823 3333 2 , , , 34823 3333 3 by by IN 34823 3333 4 raising raise VBG 34823 3333 5 the the DT 34823 3333 6 expenses expense NNS 34823 3333 7 of of IN 34823 3333 8 mining mining NN 34823 3333 9 , , , 34823 3333 10 they -PRON- PRP 34823 3333 11 will will MD 34823 3333 12 discourage discourage VB 34823 3333 13 mining mining NN 34823 3333 14 . . . 34823 3334 1 ( ( -LRB- 34823 3334 2 2 2 LS 34823 3334 3 ) ) -RRB- 34823 3334 4 Bank bank NN 34823 3334 5 - - HYPH 34823 3334 6 deposits deposit NNS 34823 3334 7 can can MD 34823 3334 8 not not RB 34823 3334 9 increase increase VB 34823 3334 10 . . . 34823 3335 1 Bank bank NN 34823 3335 2 - - HYPH 34823 3335 3 deposits deposit NNS 34823 3335 4 depend depend VBP 34823 3335 5 on on IN 34823 3335 6 the the DT 34823 3335 7 amount amount NN 34823 3335 8 of of IN 34823 3335 9 money money NN 34823 3335 10 , , , 34823 3335 11 and and CC 34823 3335 12 as as IN 34823 3335 13 that that DT 34823 3335 14 is be VBZ 34823 3335 15 reduced reduce VBN 34823 3335 16 , , , 34823 3335 17 they -PRON- PRP 34823 3335 18 must must MD 34823 3335 19 be be VB 34823 3335 20 reduced reduce VBN 34823 3335 21 , , , 34823 3335 22 to to TO 34823 3335 23 keep keep VB 34823 3335 24 their -PRON- PRP$ 34823 3335 25 normal normal JJ 34823 3335 26 ratio ratio NN 34823 3335 27 to to IN 34823 3335 28 the the DT 34823 3335 29 volume volume NN 34823 3335 30 of of IN 34823 3335 31 money money NN 34823 3335 32 . . . 34823 3336 1 ( ( -LRB- 34823 3336 2 3 3 LS 34823 3336 3 ) ) -RRB- 34823 3336 4 The the DT 34823 3336 5 appeal appeal NN 34823 3336 6 to to IN 34823 3336 7 velocities velocity NNS 34823 3336 8 is be VBZ 34823 3336 9 no no DT 34823 3336 10 more more RBR 34823 3336 11 satisfactory satisfactory JJ 34823 3336 12 . . . 34823 3337 1 These these DT 34823 3337 2 have have VBP 34823 3337 3 been be VBN 34823 3337 4 already already RB 34823 3337 5 adjusted adjust VBN 34823 3337 6 to to IN 34823 3337 7 individual individual JJ 34823 3337 8 convenience convenience NN 34823 3337 9 . . . 34823 3338 1 [ [ -LRB- 34823 3338 2 335 335 CD 34823 3338 3 ] ] -RRB- 34823 3338 4 ( ( -LRB- 34823 3338 5 4 4 CD 34823 3338 6 ) ) -RRB- 34823 3338 7 Nor nor CC 34823 3338 8 can can MD 34823 3338 9 trade trade VB 34823 3338 10 be be VB 34823 3338 11 decreased decrease VBN 34823 3338 12 . . . 34823 3339 1 Since since IN 34823 3339 2 the the DT 34823 3339 3 average average JJ 34823 3339 4 person person NN 34823 3339 5 will will MD 34823 3339 6 not not RB 34823 3339 7 only only RB 34823 3339 8 pay pay VB 34823 3339 9 , , , 34823 3339 10 but but CC 34823 3339 11 also also RB 34823 3339 12 receive receive VB 34823 3339 13 , , , 34823 3339 14 high high JJ 34823 3339 15 prices price NNS 34823 3339 16 , , , 34823 3339 17 there there EX 34823 3339 18 is be VBZ 34823 3339 19 no no DT 34823 3339 20 reason reason NN 34823 3339 21 why why WRB 34823 3339 22 he -PRON- PRP 34823 3339 23 should should MD 34823 3339 24 reduce reduce VB 34823 3339 25 his -PRON- PRP$ 34823 3339 26 purchases purchase NNS 34823 3339 27 . . . 34823 3340 1 " " `` 34823 3340 2 _ _ NNP 34823 3340 3 The the DT 34823 3340 4 price price NN 34823 3340 5 - - HYPH 34823 3340 6 level level NN 34823 3340 7 is be VBZ 34823 3340 8 normally normally RB 34823 3340 9 the the DT 34823 3340 10 one one NN 34823 3340 11 absolutely absolutely RB 34823 3340 12 passive passive JJ 34823 3340 13 element element NN 34823 3340 14 in in IN 34823 3340 15 the the DT 34823 3340 16 equation equation NN 34823 3340 17 of of IN 34823 3340 18 exchange._"[336 exchange._"[336 NNP 34823 3340 19 ] ] -RRB- 34823 3340 20 " " `` 34823 3340 21 But but CC 34823 3340 22 though though IN 34823 3340 23 it -PRON- PRP 34823 3340 24 is be VBZ 34823 3340 25 a a DT 34823 3340 26 fallacy fallacy NN 34823 3340 27 to to TO 34823 3340 28 think think VB 34823 3340 29 that that IN 34823 3340 30 the the DT 34823 3340 31 price price NN 34823 3340 32 - - HYPH 34823 3340 33 level level NN 34823 3340 34 in in IN 34823 3340 35 one one CD 34823 3340 36 community community NN 34823 3340 37 can can MD 34823 3340 38 , , , 34823 3340 39 in in IN 34823 3340 40 the the DT 34823 3340 41 long long JJ 34823 3340 42 run run NN 34823 3340 43 , , , 34823 3340 44 affect affect VB 34823 3340 45 the the DT 34823 3340 46 money money NN 34823 3340 47 in in IN 34823 3340 48 _ _ NNP 34823 3340 49 that that IN 34823 3340 50 _ _ NNP 34823 3340 51 community community NN 34823 3340 52 , , , 34823 3340 53 it -PRON- PRP 34823 3340 54 is be VBZ 34823 3340 55 true true JJ 34823 3340 56 that that IN 34823 3340 57 the the DT 34823 3340 58 price price NN 34823 3340 59 - - HYPH 34823 3340 60 level level NN 34823 3340 61 in in IN 34823 3340 62 one one CD 34823 3340 63 community community NN 34823 3340 64 may may MD 34823 3340 65 affect affect VB 34823 3340 66 the the DT 34823 3340 67 money money NN 34823 3340 68 in in IN 34823 3340 69 _ _ NNP 34823 3340 70 another another DT 34823 3340 71 _ _ NNP 34823 3340 72 community community NN 34823 3340 73 . . . 34823 3341 1 This this DT 34823 3341 2 proposition proposition NN 34823 3341 3 has have VBZ 34823 3341 4 been be VBN 34823 3341 5 repeatedly repeatedly RB 34823 3341 6 made make VBN 34823 3341 7 use use NN 34823 3341 8 of of IN 34823 3341 9 in in IN 34823 3341 10 our -PRON- PRP$ 34823 3341 11 discussion discussion NN 34823 3341 12 , , , 34823 3341 13 and and CC 34823 3341 14 should should MD 34823 3341 15 be be VB 34823 3341 16 clearly clearly RB 34823 3341 17 distinguished distinguish VBN 34823 3341 18 from from IN 34823 3341 19 the the DT 34823 3341 20 fallacy fallacy NN 34823 3341 21 above above IN 34823 3341 22 mentioned mention VBN 34823 3341 23 . . . 34823 3342 1 The the DT 34823 3342 2 price price NN 34823 3342 3 - - HYPH 34823 3342 4 level level NN 34823 3342 5 in in IN 34823 3342 6 an an DT 34823 3342 7 outside outside JJ 34823 3342 8 community community NN 34823 3342 9 is be VBZ 34823 3342 10 an an DT 34823 3342 11 influence influence NN 34823 3342 12 outside outside IN 34823 3342 13 the the DT 34823 3342 14 equation equation NN 34823 3342 15 of of IN 34823 3342 16 exchange exchange NN 34823 3342 17 of of IN 34823 3342 18 that that DT 34823 3342 19 community community NN 34823 3342 20 , , , 34823 3342 21 and and CC 34823 3342 22 operates operate VBZ 34823 3342 23 by by IN 34823 3342 24 affecting affect VBG 34823 3342 25 its -PRON- PRP$ 34823 3342 26 money money NN 34823 3342 27 in in IN 34823 3342 28 circulation circulation NN 34823 3342 29 and and CC 34823 3342 30 not not RB 34823 3342 31 by by IN 34823 3342 32 directly directly RB 34823 3342 33 affecting affect VBG 34823 3342 34 its -PRON- PRP$ 34823 3342 35 price price NN 34823 3342 36 - - HYPH 34823 3342 37 level level NN 34823 3342 38 . . . 34823 3343 1 _ _ NNP 34823 3343 2 The the DT 34823 3343 3 price price NN 34823 3343 4 - - HYPH 34823 3343 5 level level NN 34823 3343 6 outside outside IN 34823 3343 7 New New NNP 34823 3343 8 York York NNP 34823 3343 9 City City NNP 34823 3343 10 , , , 34823 3343 11 for for IN 34823 3343 12 instance instance NN 34823 3343 13 , , , 34823 3343 14 affects affect VBZ 34823 3343 15 the the DT 34823 3343 16 price price NN 34823 3343 17 - - HYPH 34823 3343 18 level level NN 34823 3343 19 in in IN 34823 3343 20 New New NNP 34823 3343 21 York York NNP 34823 3343 22 City City NNP 34823 3343 23 only only RB 34823 3343 24 _ _ NNP 34823 3343 25 via via IN 34823 3343 26 _ _ NNP 34823 3343 27 changes change NNS 34823 3343 28 in in IN 34823 3343 29 the the DT 34823 3343 30 money money NN 34823 3343 31 in in IN 34823 3343 32 New New NNP 34823 3343 33 York York NNP 34823 3343 34 City_."[337 city_."[337 NN 34823 3343 35 ] ] -RRB- 34823 3343 36 ... ... . 34823 3344 1 " " `` 34823 3344 2 Were be VBD 34823 3344 3 it -PRON- PRP 34823 3344 4 not not RB 34823 3344 5 for for IN 34823 3344 6 the the DT 34823 3344 7 fanatical fanatical JJ 34823 3344 8 refusal refusal NN 34823 3344 9 of of IN 34823 3344 10 some some DT 34823 3344 11 economists economist NNS 34823 3344 12 to to TO 34823 3344 13 admit admit VB 34823 3344 14 that that IN 34823 3344 15 the the DT 34823 3344 16 price price NN 34823 3344 17 - - HYPH 34823 3344 18 level level NN 34823 3344 19 is be VBZ 34823 3344 20 in in IN 34823 3344 21 ultimate ultimate JJ 34823 3344 22 analysis analysis NN 34823 3344 23 effect effect NN 34823 3344 24 and and CC 34823 3344 25 not not RB 34823 3344 26 cause cause VB 34823 3344 27 , , , 34823 3344 28 we -PRON- PRP 34823 3344 29 should should MD 34823 3344 30 not not RB 34823 3344 31 be be VB 34823 3344 32 at at IN 34823 3344 33 so so RB 34823 3344 34 great great JJ 34823 3344 35 pains pain NNS 34823 3344 36 to to TO 34823 3344 37 prove prove VB 34823 3344 38 it -PRON- PRP 34823 3344 39 beyond beyond IN 34823 3344 40 cavil cavil NNP 34823 3344 41 . . . 34823 3344 42 " " '' 34823 3345 1 To to TO 34823 3345 2 explain explain VB 34823 3345 3 this this DT 34823 3345 4 " " `` 34823 3345 5 fanatical fanatical JJ 34823 3345 6 refusal refusal NN 34823 3345 7 , , , 34823 3345 8 " " `` 34823 3345 9 Fisher fisher NN 34823 3345 10 alludes allude NNS 34823 3345 11 to to IN 34823 3345 12 the the DT 34823 3345 13 " " `` 34823 3345 14 fallacious fallacious JJ 34823 3345 15 idea idea NN 34823 3345 16 " " '' 34823 3345 17 that that IN 34823 3345 18 the the DT 34823 3345 19 equation equation NN 34823 3345 20 of of IN 34823 3345 21 exchange exchange NN 34823 3345 22 can can MD 34823 3345 23 not not RB 34823 3345 24 determine determine VB 34823 3345 25 the the DT 34823 3345 26 price price NN 34823 3345 27 - - HYPH 34823 3345 28 level level NN 34823 3345 29 , , , 34823 3345 30 because because IN 34823 3345 31 the the DT 34823 3345 32 price price NN 34823 3345 33 - - HYPH 34823 3345 34 level level NN 34823 3345 35 has have VBZ 34823 3345 36 already already RB 34823 3345 37 been be VBN 34823 3345 38 determined determine VBN 34823 3345 39 by by IN 34823 3345 40 other other JJ 34823 3345 41 causes cause NNS 34823 3345 42 , , , 34823 3345 43 usually usually RB 34823 3345 44 alluded allude VBN 34823 3345 45 to to IN 34823 3345 46 as as IN 34823 3345 47 " " `` 34823 3345 48 supply supply NN 34823 3345 49 and and CC 34823 3345 50 demand demand NN 34823 3345 51 . . . 34823 3345 52 " " '' 34823 3346 1 He -PRON- PRP 34823 3346 2 urges urge VBZ 34823 3346 3 , , , 34823 3346 4 however however RB 34823 3346 5 , , , 34823 3346 6 that that IN 34823 3346 7 supply supply NN 34823 3346 8 and and CC 34823 3346 9 demand demand NN 34823 3346 10 , , , 34823 3346 11 cost cost NN 34823 3346 12 of of IN 34823 3346 13 production production NN 34823 3346 14 , , , 34823 3346 15 etc etc FW 34823 3346 16 . . FW 34823 3346 17 , , , 34823 3346 18 relate relate VB 34823 3346 19 , , , 34823 3346 20 not not RB 34823 3346 21 to to IN 34823 3346 22 the the DT 34823 3346 23 price price NN 34823 3346 24 - - HYPH 34823 3346 25 level level NN 34823 3346 26 , , , 34823 3346 27 but but CC 34823 3346 28 only only RB 34823 3346 29 to to IN 34823 3346 30 particular particular JJ 34823 3346 31 prices price NNS 34823 3346 32 : : : 34823 3346 33 that that IN 34823 3346 34 the the DT 34823 3346 35 price price NN 34823 3346 36 - - HYPH 34823 3346 37 level level NN 34823 3346 38 is be VBZ 34823 3346 39 a a DT 34823 3346 40 factor factor NN 34823 3346 41 prior prior RB 34823 3346 42 to to IN 34823 3346 43 , , , 34823 3346 44 and and CC 34823 3346 45 independent independent JJ 34823 3346 46 of of IN 34823 3346 47 , , , 34823 3346 48 the the DT 34823 3346 49 particular particular JJ 34823 3346 50 prices price NNS 34823 3346 51 , , , 34823 3346 52 and and CC 34823 3346 53 is be VBZ 34823 3346 54 presupposed presuppose VBN 34823 3346 55 by by IN 34823 3346 56 theories theory NNS 34823 3346 57 like like IN 34823 3346 58 supply supply NN 34823 3346 59 and and CC 34823 3346 60 demand demand NN 34823 3346 61 , , , 34823 3346 62 cost cost NN 34823 3346 63 of of IN 34823 3346 64 production production NN 34823 3346 65 , , , 34823 3346 66 etc etc FW 34823 3346 67 . . . 34823 3347 1 [ [ -LRB- 34823 3347 2 338 338 CD 34823 3347 3 ] ] -RRB- 34823 3347 4 The the DT 34823 3347 5 _ _ NNP 34823 3347 6 reductio reductio NN 34823 3347 7 ad ad NN 34823 3347 8 absurdum absurdum NN 34823 3347 9 _ _ NNP 34823 3347 10 , , , 34823 3347 11 at at IN 34823 3347 12 first first JJ 34823 3347 13 blush blush NN 34823 3347 14 , , , 34823 3347 15 looks look VBZ 34823 3347 16 impressive impressive JJ 34823 3347 17 . . . 34823 3348 1 One one CD 34823 3348 2 obvious obvious JJ 34823 3348 3 criticism criticism NN 34823 3348 4 suggests suggest VBZ 34823 3348 5 itself -PRON- PRP 34823 3348 6 , , , 34823 3348 7 however however RB 34823 3348 8 , , , 34823 3348 9 and and CC 34823 3348 10 it -PRON- PRP 34823 3348 11 will will MD 34823 3348 12 be be VB 34823 3348 13 found find VBN 34823 3348 14 to to TO 34823 3348 15 give give VB 34823 3348 16 a a DT 34823 3348 17 clue clue NN 34823 3348 18 to to IN 34823 3348 19 a a DT 34823 3348 20 much much RB 34823 3348 21 more more RBR 34823 3348 22 fundamental fundamental JJ 34823 3348 23 criticism criticism NN 34823 3348 24 : : : 34823 3348 25 is be VBZ 34823 3348 26 it -PRON- PRP 34823 3348 27 reasonable reasonable JJ 34823 3348 28 to to TO 34823 3348 29 assume assume VB 34823 3348 30 a a DT 34823 3348 31 doubling doubling NN 34823 3348 32 of of IN 34823 3348 33 _ _ NNP 34823 3348 34 all all DT 34823 3348 35 _ _ NNP 34823 3348 36 prices price NNS 34823 3348 37 ? ? . 34823 3349 1 Above above IN 34823 3349 2 all all DT 34823 3349 3 , , , 34823 3349 4 must must MD 34823 3349 5 the the DT 34823 3349 6 assumption assumption NN 34823 3349 7 involve involve VB 34823 3349 8 the the DT 34823 3349 9 doubling doubling NN 34823 3349 10 of of IN 34823 3349 11 the the DT 34823 3349 12 price price NN 34823 3349 13 of of IN 34823 3349 14 gold gold NN 34823 3349 15 bullion bullion NN 34823 3349 16 ? ? . 34823 3350 1 Part part NN 34823 3350 2 of of IN 34823 3350 3 the the DT 34823 3350 4 argument argument NN 34823 3350 5 to to TO 34823 3350 6 show show VB 34823 3350 7 that that IN 34823 3350 8 gold gold JJ 34823 3350 9 bullion bullion NN 34823 3350 10 would would MD 34823 3350 11 not not RB 34823 3350 12 be be VB 34823 3350 13 minted mint VBN 34823 3350 14 rests rest NNS 34823 3350 15 on on IN 34823 3350 16 that that DT 34823 3350 17 assumption assumption NN 34823 3350 18 . . . 34823 3351 1 But but CC 34823 3351 2 , , , 34823 3351 3 more more RBR 34823 3351 4 fundamental fundamental JJ 34823 3351 5 , , , 34823 3351 6 for for IN 34823 3351 7 such such PDT 34823 3351 8 an an DT 34823 3351 9 all all DT 34823 3351 10 round round JJ 34823 3351 11 doubling doubling NN 34823 3351 12 of of IN 34823 3351 13 prices price NNS 34823 3351 14 , , , 34823 3351 15 no no DT 34823 3351 16 _ _ NNP 34823 3351 17 cause cause IN 34823 3351 18 _ _ NNP 34823 3351 19 could could MD 34823 3351 20 be be VB 34823 3351 21 assigned assign VBN 34823 3351 22 . . . 34823 3352 1 Of of RB 34823 3352 2 course course RB 34823 3352 3 the the DT 34823 3352 4 hypothesis hypothesis NN 34823 3352 5 of of IN 34823 3352 6 an an DT 34823 3352 7 increase increase NN 34823 3352 8 in in IN 34823 3352 9 prices price NNS 34823 3352 10 without without IN 34823 3352 11 any any DT 34823 3352 12 cause cause NN 34823 3352 13 is be VBZ 34823 3352 14 absurd absurd JJ 34823 3352 15 , , , 34823 3352 16 and and CC 34823 3352 17 Fisher Fisher NNP 34823 3352 18 easily easily RB 34823 3352 19 disposes dispose VBZ 34823 3352 20 of of IN 34823 3352 21 it -PRON- PRP 34823 3352 22 . . . 34823 3353 1 But but CC 34823 3353 2 suppose suppose VB 34823 3353 3 we -PRON- PRP 34823 3353 4 assign assign VBP 34823 3353 5 some some DT 34823 3353 6 _ _ NNP 34823 3353 7 concrete concrete JJ 34823 3353 8 causes cause NNS 34823 3353 9 _ _ NNP 34823 3353 10 , , , 34823 3353 11 outside outside IN 34823 3353 12 the the DT 34823 3353 13 equation equation NN 34823 3353 14 of of IN 34823 3353 15 exchange exchange NN 34823 3353 16 , , , 34823 3353 17 which which WDT 34823 3353 18 might may MD 34823 3353 19 affect affect VB 34823 3353 20 prices price NNS 34823 3353 21 , , , 34823 3353 22 and and CC 34823 3353 23 see see VB 34823 3353 24 how how WRB 34823 3353 25 the the DT 34823 3353 26 thing thing NN 34823 3353 27 works work VBZ 34823 3353 28 then then RB 34823 3353 29 ! ! . 34823 3354 1 Fisher Fisher NNP 34823 3354 2 states state NNS 34823 3354 3 on on IN 34823 3354 4 p. p. NN 34823 3354 5 95 95 CD 34823 3354 6 that that IN 34823 3354 7 " " `` 34823 3354 8 other other JJ 34823 3354 9 elements element NNS 34823 3354 10 in in IN 34823 3354 11 the the DT 34823 3354 12 equation equation NN 34823 3354 13 of of IN 34823 3354 14 exchange exchange NN 34823 3354 15 than than IN 34823 3354 16 money money NN 34823 3354 17 and and CC 34823 3354 18 commodities[339 commodities[339 NNP 34823 3354 19 ] ] -RRB- 34823 3354 20 can can MD 34823 3354 21 not not RB 34823 3354 22 be be VB 34823 3354 23 transported transport VBN 34823 3354 24 from from IN 34823 3354 25 one one CD 34823 3354 26 place place NN 34823 3354 27 to to IN 34823 3354 28 another another DT 34823 3354 29 . . . 34823 3354 30 " " '' 34823 3355 1 And and CC 34823 3355 2 in in IN 34823 3355 3 the the DT 34823 3355 4 passage passage NN 34823 3355 5 quoted quote VBN 34823 3355 6 above above IN 34823 3355 7 he -PRON- PRP 34823 3355 8 maintains maintain VBZ 34823 3355 9 that that DT 34823 3355 10 price price NN 34823 3355 11 - - HYPH 34823 3355 12 levels level NNS 34823 3355 13 in in IN 34823 3355 14 one one CD 34823 3355 15 country country NN 34823 3355 16 can can MD 34823 3355 17 influence influence VB 34823 3355 18 price price NN 34823 3355 19 - - HYPH 34823 3355 20 levels level NNS 34823 3355 21 in in IN 34823 3355 22 another another DT 34823 3355 23 country country NN 34823 3355 24 , , , 34823 3355 25 or or CC 34823 3355 26 even even RB 34823 3355 27 price price NN 34823 3355 28 - - HYPH 34823 3355 29 levels level NNS 34823 3355 30 in in IN 34823 3355 31 one one CD 34823 3355 32 city city NN 34823 3355 33 can can MD 34823 3355 34 influence influence VB 34823 3355 35 price price NN 34823 3355 36 - - HYPH 34823 3355 37 levels level NNS 34823 3355 38 in in IN 34823 3355 39 another another DT 34823 3355 40 city city NN 34823 3355 41 , , , 34823 3355 42 only only RB 34823 3355 43 _ _ NNP 34823 3355 44 via via IN 34823 3355 45 _ _ NNP 34823 3355 46 changes change VBZ 34823 3355 47 in in IN 34823 3355 48 money money NN 34823 3355 49 , , , 34823 3355 50 in in IN 34823 3355 51 the the DT 34823 3355 52 second second JJ 34823 3355 53 country country NN 34823 3355 54 or or CC 34823 3355 55 city city NN 34823 3355 56 . . . 34823 3356 1 But but CC 34823 3356 2 other other JJ 34823 3356 3 elements element NNS 34823 3356 4 in in IN 34823 3356 5 the the DT 34823 3356 6 equation equation NN 34823 3356 7 are be VBP 34823 3356 8 _ _ NNP 34823 3356 9 directly directly RB 34823 3356 10 _ _ NNP 34823 3356 11 transferable transferable JJ 34823 3356 12 , , , 34823 3356 13 in in IN 34823 3356 14 fact fact NN 34823 3356 15 . . . 34823 3357 1 _ _ NNP 34823 3357 2 Deposits Deposits NNP 34823 3357 3 _ _ NNP 34823 3357 4 , , , 34823 3357 5 _ _ NNP 34823 3357 6 e. e. NNP 34823 3358 1 g. g. NNP 34823 3358 2 _ _ NNP 34823 3358 3 , , , 34823 3358 4 in in IN 34823 3358 5 London London NNP 34823 3358 6 , , , 34823 3358 7 to to IN 34823 3358 8 the the DT 34823 3358 9 credit credit NN 34823 3358 10 of of IN 34823 3358 11 New New NNP 34823 3358 12 York York NNP 34823 3358 13 bankers banker NNS 34823 3358 14 , , , 34823 3358 15 may may MD 34823 3358 16 be be VB 34823 3358 17 transferred transfer VBN 34823 3358 18 to to IN 34823 3358 19 Paris Paris NNP 34823 3358 20 , , , 34823 3358 21 directly directly RB 34823 3358 22 , , , 34823 3358 23 by by IN 34823 3358 24 _ _ NNP 34823 3358 25 cable cable NN 34823 3358 26 _ _ NNP 34823 3358 27 or or CC 34823 3358 28 by by IN 34823 3358 29 _ _ NNP 34823 3358 30 letter letter NN 34823 3358 31 _ _ NNP 34823 3358 32 , , , 34823 3358 33 and and CC 34823 3358 34 _ _ NNP 34823 3358 35 prices price NNS 34823 3358 36 _ _ NNP 34823 3358 37 are be VBP 34823 3358 38 constantly constantly RB 34823 3358 39 being be VBG 34823 3358 40 directly directly RB 34823 3358 41 passed pass VBN 34823 3358 42 from from IN 34823 3358 43 one one CD 34823 3358 44 country country NN 34823 3358 45 or or CC 34823 3358 46 market market NN 34823 3358 47 to to IN 34823 3358 48 another another DT 34823 3358 49 by by IN 34823 3358 50 the the DT 34823 3358 51 same same JJ 34823 3358 52 media medium NNS 34823 3358 53 . . . 34823 3359 1 Let let VB 34823 3359 2 us -PRON- PRP 34823 3359 3 suppose suppose VB 34823 3359 4 a a DT 34823 3359 5 strong strong JJ 34823 3359 6 case case NN 34823 3359 7 , , , 34823 3359 8 to to TO 34823 3359 9 put put VB 34823 3359 10 our -PRON- PRP$ 34823 3359 11 principle principle NN 34823 3359 12 in in IN 34823 3359 13 relief relief NN 34823 3359 14 . . . 34823 3360 1 Assume assume VB 34823 3360 2 an an DT 34823 3360 3 island island NN 34823 3360 4 , , , 34823 3360 5 which which WDT 34823 3360 6 produces produce VBZ 34823 3360 7 a a DT 34823 3360 8 staple staple NN 34823 3360 9 widely widely RB 34823 3360 10 used use VBN 34823 3360 11 , , , 34823 3360 12 whose whose WP$ 34823 3360 13 chief chief JJ 34823 3360 14 centre centre NN 34823 3360 15 of of IN 34823 3360 16 production production NN 34823 3360 17 is be VBZ 34823 3360 18 outside outside IN 34823 3360 19 the the DT 34823 3360 20 island island NN 34823 3360 21 . . . 34823 3361 1 Assume assume VB 34823 3361 2 that that IN 34823 3361 3 this this DT 34823 3361 4 staple staple NN 34823 3361 5 , , , 34823 3361 6 an an DT 34823 3361 7 agricultural agricultural JJ 34823 3361 8 product product NN 34823 3361 9 , , , 34823 3361 10 rises rise VBZ 34823 3361 11 greatly greatly RB 34823 3361 12 in in IN 34823 3361 13 price price NN 34823 3361 14 , , , 34823 3361 15 owing owe VBG 34823 3361 16 to to IN 34823 3361 17 a a DT 34823 3361 18 blight blight NN 34823 3361 19 , , , 34823 3361 20 which which WDT 34823 3361 21 promises promise VBZ 34823 3361 22 to to TO 34823 3361 23 be be VB 34823 3361 24 permanent permanent JJ 34823 3361 25 , , , 34823 3361 26 in in IN 34823 3361 27 the the DT 34823 3361 28 main main JJ 34823 3361 29 producing produce VBG 34823 3361 30 region region NN 34823 3361 31 . . . 34823 3362 1 The the DT 34823 3362 2 blight blight NN 34823 3362 3 does do VBZ 34823 3362 4 not not RB 34823 3362 5 affect affect VB 34823 3362 6 the the DT 34823 3362 7 island island NN 34823 3362 8 , , , 34823 3362 9 however however RB 34823 3362 10 . . . 34823 3363 1 Let let VB 34823 3363 2 this this DT 34823 3363 3 product product NN 34823 3363 4 be be VB 34823 3363 5 the the DT 34823 3363 6 main main JJ 34823 3363 7 product product NN 34823 3363 8 of of IN 34823 3363 9 our -PRON- PRP$ 34823 3363 10 island island NN 34823 3363 11 , , , 34823 3363 12 which which WDT 34823 3363 13 we -PRON- PRP 34823 3363 14 shall shall MD 34823 3363 15 assume assume VB 34823 3363 16 to to TO 34823 3363 17 be be VB 34823 3363 18 small small JJ 34823 3363 19 . . . 34823 3364 1 Let let VB 34823 3364 2 the the DT 34823 3364 3 island island NN 34823 3364 4 have have VB 34823 3364 5 communication communication NN 34823 3364 6 with with IN 34823 3364 7 the the DT 34823 3364 8 outside outside JJ 34823 3364 9 world world NN 34823 3364 10 by by IN 34823 3364 11 boat boat NN 34823 3364 12 only only RB 34823 3364 13 once once RB 34823 3364 14 in in IN 34823 3364 15 three three CD 34823 3364 16 months month NNS 34823 3364 17 . . . 34823 3365 1 Let let VB 34823 3365 2 it -PRON- PRP 34823 3365 3 be be VB 34823 3365 4 , , , 34823 3365 5 however however RB 34823 3365 6 , , , 34823 3365 7 in in IN 34823 3365 8 constant constant JJ 34823 3365 9 communication communication NN 34823 3365 10 by by IN 34823 3365 11 cable cable NN 34823 3365 12 . . . 34823 3366 1 Word word NN 34823 3366 2 comes come VBZ 34823 3366 3 by by IN 34823 3366 4 cable cable NN 34823 3366 5 of of IN 34823 3366 6 the the DT 34823 3366 7 rise rise NN 34823 3366 8 in in IN 34823 3366 9 the the DT 34823 3366 10 price price NN 34823 3366 11 in in IN 34823 3366 12 the the DT 34823 3366 13 staple staple NN 34823 3366 14 . . . 34823 3367 1 The the DT 34823 3367 2 staple staple NN 34823 3367 3 at at IN 34823 3367 4 once once RB 34823 3367 5 rises rise VBZ 34823 3367 6 in in IN 34823 3367 7 the the DT 34823 3367 8 island island NN 34823 3367 9 . . . 34823 3368 1 No no DT 34823 3368 2 new new JJ 34823 3368 3 money money NN 34823 3368 4 has have VBZ 34823 3368 5 come come VBN 34823 3368 6 in in RP 34823 3368 7 to to TO 34823 3368 8 cause cause VB 34823 3368 9 it -PRON- PRP 34823 3368 10 . . . 34823 3369 1 Will Will MD 34823 3369 2 this this DT 34823 3369 3 be be VB 34823 3369 4 a a DT 34823 3369 5 rise rise NN 34823 3369 6 in in IN 34823 3369 7 the the DT 34823 3369 8 price price NN 34823 3369 9 - - HYPH 34823 3369 10 level level NN 34823 3369 11 ? ? . 34823 3370 1 Will Will MD 34823 3370 2 there there EX 34823 3370 3 be be VB 34823 3370 4 compensating compensate VBG 34823 3370 5 reductions reduction NNS 34823 3370 6 in in IN 34823 3370 7 the the DT 34823 3370 8 prices price NNS 34823 3370 9 of of IN 34823 3370 10 other other JJ 34823 3370 11 things thing NNS 34823 3370 12 to to TO 34823 3370 13 leave leave VB 34823 3370 14 the the DT 34823 3370 15 price price NN 34823 3370 16 - - HYPH 34823 3370 17 level level NN 34823 3370 18 unchanged unchanged JJ 34823 3370 19 ? ? . 34823 3371 1 What what WDT 34823 3371 2 prices price NNS 34823 3371 3 can can MD 34823 3371 4 fall fall VB 34823 3371 5 ? ? . 34823 3372 1 Not not RB 34823 3372 2 the the DT 34823 3372 3 prices price NNS 34823 3372 4 of of IN 34823 3372 5 goods good NNS 34823 3372 6 that that WDT 34823 3372 7 have have VBP 34823 3372 8 been be VBN 34823 3372 9 imported import VBN 34823 3372 10 to to IN 34823 3372 11 the the DT 34823 3372 12 island island NN 34823 3372 13 , , , 34823 3372 14 surely surely RB 34823 3372 15 . . . 34823 3373 1 They -PRON- PRP 34823 3373 2 will will MD 34823 3373 3 rather rather RB 34823 3373 4 tend tend VB 34823 3373 5 to to TO 34823 3373 6 rise rise VB 34823 3373 7 , , , 34823 3373 8 because because IN 34823 3373 9 everybody everybody NN 34823 3373 10 on on IN 34823 3373 11 the the DT 34823 3373 12 island island NN 34823 3373 13 will will MD 34823 3373 14 feel feel VB 34823 3373 15 richer rich JJR 34823 3373 16 than than IN 34823 3373 17 before before RB 34823 3373 18 , , , 34823 3373 19 and and CC 34823 3373 20 will will MD 34823 3373 21 be be VB 34823 3373 22 disposed dispose VBN 34823 3373 23 to to TO 34823 3373 24 buy buy VB 34823 3373 25 more more RBR 34823 3373 26 freely freely RB 34823 3373 27 . . . 34823 3374 1 Meanwhile meanwhile RB 34823 3374 2 , , , 34823 3374 3 merchants merchant NNS 34823 3374 4 and and CC 34823 3374 5 bankers banker NNS 34823 3374 6 on on IN 34823 3374 7 the the DT 34823 3374 8 island island NN 34823 3374 9 will will MD 34823 3374 10 be be VB 34823 3374 11 more more RBR 34823 3374 12 ready ready JJ 34823 3374 13 to to TO 34823 3374 14 extend extend VB 34823 3374 15 credit credit NN 34823 3374 16 than than IN 34823 3374 17 before before RB 34823 3374 18 , , , 34823 3374 19 so so IN 34823 3374 20 that that IN 34823 3374 21 they -PRON- PRP 34823 3374 22 will will MD 34823 3374 23 be be VB 34823 3374 24 able able JJ 34823 3374 25 to to TO 34823 3374 26 buy buy VB 34823 3374 27 more more RBR 34823 3374 28 freely freely RB 34823 3374 29 . . . 34823 3375 1 What what WP 34823 3375 2 else else RB 34823 3375 3 can can MD 34823 3375 4 fall fall VB 34823 3375 5 ? ? . 34823 3376 1 Not not RB 34823 3376 2 the the DT 34823 3376 3 prices price NNS 34823 3376 4 of of IN 34823 3376 5 the the DT 34823 3376 6 land land NN 34823 3376 7 ! ! . 34823 3377 1 Rather rather RB 34823 3377 2 , , , 34823 3377 3 the the DT 34823 3377 4 land land NN 34823 3377 5 will will MD 34823 3377 6 rise rise VB 34823 3377 7 in in IN 34823 3377 8 price price NN 34823 3377 9 greatly greatly RB 34823 3377 10 , , , 34823 3377 11 because because IN 34823 3377 12 the the DT 34823 3377 13 increased increase VBN 34823 3377 14 price price NN 34823 3377 15 of of IN 34823 3377 16 the the DT 34823 3377 17 staple staple NN 34823 3377 18 , , , 34823 3377 19 expected expect VBN 34823 3377 20 to to TO 34823 3377 21 be be VB 34823 3377 22 permanent permanent JJ 34823 3377 23 , , , 34823 3377 24 will will MD 34823 3377 25 promise promise VB 34823 3377 26 bigger big JJR 34823 3377 27 rents rent NNS 34823 3377 28 , , , 34823 3377 29 and and CC 34823 3377 30 the the DT 34823 3377 31 price price NN 34823 3377 32 of of IN 34823 3377 33 the the DT 34823 3377 34 land land NN 34823 3377 35 , , , 34823 3377 36 being be VBG 34823 3377 37 a a DT 34823 3377 38 _ _ NNP 34823 3377 39 capitalization capitalization NN 34823 3377 40 _ _ NNP 34823 3377 41 of of IN 34823 3377 42 the the DT 34823 3377 43 annual annual JJ 34823 3377 44 rental rental NN 34823 3377 45 , , , 34823 3377 46 will will MD 34823 3377 47 rise rise VB 34823 3377 48 very very RB 34823 3377 49 much much RB 34823 3377 50 more more JJR 34823 3377 51 than than IN 34823 3377 52 anything anything NN 34823 3377 53 else else RB 34823 3377 54 -- -- : 34823 3377 55 it -PRON- PRP 34823 3377 56 will will MD 34823 3377 57 rise rise VB 34823 3377 58 to to IN 34823 3377 59 the the DT 34823 3377 60 extent extent NN 34823 3377 61 of of IN 34823 3377 62 the the DT 34823 3377 63 capitalized capitalize VBN 34823 3377 64 price price NN 34823 3377 65 of of IN 34823 3377 66 the the DT 34823 3377 67 increase increase NN 34823 3377 68 in in IN 34823 3377 69 the the DT 34823 3377 70 rents rent NNS 34823 3377 71 . . . 34823 3378 1 Wages wage NNS 34823 3378 2 , , , 34823 3378 3 likewise likewise RB 34823 3378 4 , , , 34823 3378 5 will will MD 34823 3378 6 rise rise VB 34823 3378 7 , , , 34823 3378 8 since since IN 34823 3378 9 the the DT 34823 3378 10 price price NN 34823 3378 11 of of IN 34823 3378 12 the the DT 34823 3378 13 product product NN 34823 3378 14 of of IN 34823 3378 15 labor labor NN 34823 3378 16 has have VBZ 34823 3378 17 risen rise VBN 34823 3378 18 . . . 34823 3379 1 And and CC 34823 3379 2 the the DT 34823 3379 3 capital capital NN 34823 3379 4 instruments instrument NNS 34823 3379 5 in in IN 34823 3379 6 use use NN 34823 3379 7 in in IN 34823 3379 8 producing produce VBG 34823 3379 9 the the DT 34823 3379 10 staple staple NN 34823 3379 11 will will MD 34823 3379 12 also also RB 34823 3379 13 rise rise VB 34823 3379 14 , , , 34823 3379 15 though though IN 34823 3379 16 not not RB 34823 3379 17 so so RB 34823 3379 18 much much RB 34823 3379 19 as as IN 34823 3379 20 land land NN 34823 3379 21 and and CC 34823 3379 22 wages wage NNS 34823 3379 23 , , , 34823 3379 24 inasmuch inasmuch JJ 34823 3379 25 as as IN 34823 3379 26 they -PRON- PRP 34823 3379 27 can can MD 34823 3379 28 be be VB 34823 3379 29 brought bring VBN 34823 3379 30 in in RP 34823 3379 31 from from IN 34823 3379 32 outside outside RB 34823 3379 33 at at IN 34823 3379 34 the the DT 34823 3379 35 end end NN 34823 3379 36 of of IN 34823 3379 37 three three CD 34823 3379 38 months month NNS 34823 3379 39 . . . 34823 3380 1 What what WP 34823 3380 2 is be VBZ 34823 3380 3 there there EX 34823 3380 4 that that WDT 34823 3380 5 can can MD 34823 3380 6 fall fall VB 34823 3380 7 -- -- : 34823 3380 8 except except IN 34823 3380 9 , , , 34823 3380 10 perhaps perhaps RB 34823 3380 11 , , , 34823 3380 12 such such JJ 34823 3380 13 goods good NNS 34823 3380 14 as as IN 34823 3380 15 are be VBP 34823 3380 16 exclusively exclusively RB 34823 3380 17 designed design VBN 34823 3380 18 for for IN 34823 3380 19 the the DT 34823 3380 20 construction construction NN 34823 3380 21 of of IN 34823 3380 22 poorhouses poorhouse NNS 34823 3380 23 ! ! . 34823 3381 1 A a DT 34823 3381 2 significant significant JJ 34823 3381 3 particular particular JJ 34823 3381 4 price price NN 34823 3381 5 rises rise NNS 34823 3381 6 -- -- : 34823 3381 7 that that DT 34823 3381 8 is be VBZ 34823 3381 9 the the DT 34823 3381 10 first first JJ 34823 3381 11 step step NN 34823 3381 12 ; ; : 34823 3381 13 then then RB 34823 3381 14 , , , 34823 3381 15 from from IN 34823 3381 16 causes cause NNS 34823 3381 17 familiar familiar JJ 34823 3381 18 to to IN 34823 3381 19 all all DT 34823 3381 20 students student NNS 34823 3381 21 of of IN 34823 3381 22 economics economic NNS 34823 3381 23 , , , 34823 3381 24 other other JJ 34823 3381 25 related related JJ 34823 3381 26 prices price NNS 34823 3381 27 rise rise VBP 34823 3381 28 ; ; : 34823 3381 29 there there EX 34823 3381 30 is be VBZ 34823 3381 31 a a DT 34823 3381 32 general general JJ 34823 3381 33 _ _ NNP 34823 3381 34 sympathetic sympathetic JJ 34823 3381 35 _ _ NNP 34823 3381 36 rise rise NN 34823 3381 37 in in IN 34823 3381 38 prices price NNS 34823 3381 39 , , , 34823 3381 40 the the DT 34823 3381 41 _ _ NNP 34823 3381 42 price price NN 34823 3381 43 - - HYPH 34823 3381 44 level level NN 34823 3381 45 _ _ NNP 34823 3381 46 has have VBZ 34823 3381 47 risen rise VBN 34823 3381 48 independently independently RB 34823 3381 49 , , , 34823 3381 50 from from IN 34823 3381 51 causes cause NNS 34823 3381 52 _ _ NNP 34823 3381 53 outside outside IN 34823 3381 54 the the DT 34823 3381 55 equation equation NN 34823 3381 56 of of IN 34823 3381 57 exchange exchange NNP 34823 3381 58 _ _ NNP 34823 3381 59 . . . 34823 3382 1 But but CC 34823 3382 2 now now RB 34823 3382 3 , , , 34823 3382 4 can can MD 34823 3382 5 this this DT 34823 3382 6 rise rise NN 34823 3382 7 sustain sustain VB 34823 3382 8 itself -PRON- PRP 34823 3382 9 ? ? . 34823 3383 1 Well well UH 34823 3383 2 , , , 34823 3383 3 what what WP 34823 3383 4 can can MD 34823 3383 5 bring bring VB 34823 3383 6 it -PRON- PRP 34823 3383 7 down down RP 34823 3383 8 ? ? . 34823 3384 1 When when WRB 34823 3384 2 the the DT 34823 3384 3 ship ship NN 34823 3384 4 comes come VBZ 34823 3384 5 , , , 34823 3384 6 at at IN 34823 3384 7 the the DT 34823 3384 8 end end NN 34823 3384 9 of of IN 34823 3384 10 three three CD 34823 3384 11 months month NNS 34823 3384 12 , , , 34823 3384 13 it -PRON- PRP 34823 3384 14 will will MD 34823 3384 15 bring bring VB 34823 3384 16 in in RP 34823 3384 17 additional additional JJ 34823 3384 18 supplies supply NNS 34823 3384 19 of of IN 34823 3384 20 the the DT 34823 3384 21 articles article NNS 34823 3384 22 of of IN 34823 3384 23 import import NN 34823 3384 24 , , , 34823 3384 25 and and CC 34823 3384 26 they -PRON- PRP 34823 3384 27 will will MD 34823 3384 28 go go VB 34823 3384 29 down down RP 34823 3384 30 to to IN 34823 3384 31 their -PRON- PRP$ 34823 3384 32 old old JJ 34823 3384 33 level level NN 34823 3384 34 . . . 34823 3385 1 Will Will MD 34823 3385 2 they -PRON- PRP 34823 3385 3 go go VB 34823 3385 4 any any RB 34823 3385 5 lower lower RBR 34823 3385 6 than than IN 34823 3385 7 the the DT 34823 3385 8 old old JJ 34823 3385 9 level level NN 34823 3385 10 ? ? . 34823 3386 1 What what WP 34823 3386 2 is be VBZ 34823 3386 3 there there RB 34823 3386 4 to to TO 34823 3386 5 cause cause VB 34823 3386 6 them -PRON- PRP 34823 3386 7 to to TO 34823 3386 8 do do VB 34823 3386 9 so so RB 34823 3386 10 ? ? . 34823 3387 1 The the DT 34823 3387 2 outside outside JJ 34823 3387 3 price price NN 34823 3387 4 - - HYPH 34823 3387 5 level level NN 34823 3387 6 should should MD 34823 3387 7 be be VB 34823 3387 8 higher high JJR 34823 3387 9 now now RB 34823 3387 10 , , , 34823 3387 11 rather rather RB 34823 3387 12 than than IN 34823 3387 13 lower low JJR 34823 3387 14 , , , 34823 3387 15 since since IN 34823 3387 16 the the DT 34823 3387 17 _ _ NNP 34823 3387 18 stock stock NN 34823 3387 19 _ _ NNP 34823 3387 20 of of IN 34823 3387 21 the the DT 34823 3387 22 staple staple NN 34823 3387 23 in in IN 34823 3387 24 question question NN 34823 3387 25 is be VBZ 34823 3387 26 reduced reduce VBN 34823 3387 27 , , , 34823 3387 28 and and CC 34823 3387 29 nothing nothing NN 34823 3387 30 else else RB 34823 3387 31 increased increase VBD 34823 3387 32 to to TO 34823 3387 33 compensate compensate VB 34823 3387 34 . . . 34823 3388 1 Nor nor CC 34823 3388 2 can can MD 34823 3388 3 any any DT 34823 3388 4 reason reason NN 34823 3388 5 be be VB 34823 3388 6 assigned assign VBN 34823 3388 7 why why WRB 34823 3388 8 other other JJ 34823 3388 9 prices price NNS 34823 3388 10 on on IN 34823 3388 11 the the DT 34823 3388 12 island island NN 34823 3388 13 : : : 34823 3388 14 the the DT 34823 3388 15 staple staple NN 34823 3388 16 in in IN 34823 3388 17 question question NN 34823 3388 18 , , , 34823 3388 19 lands land NNS 34823 3388 20 , , , 34823 3388 21 wages wage NNS 34823 3388 22 , , , 34823 3388 23 etc etc FW 34823 3388 24 . . . 34823 3388 25 , , , 34823 3388 26 should should MD 34823 3388 27 fall fall VB 34823 3388 28 at at RB 34823 3388 29 all all RB 34823 3388 30 from from IN 34823 3388 31 the the DT 34823 3388 32 level level NN 34823 3388 33 they -PRON- PRP 34823 3388 34 reached reach VBD 34823 3388 35 when when WRB 34823 3388 36 the the DT 34823 3388 37 news news NN 34823 3388 38 first first RB 34823 3388 39 came come VBD 34823 3388 40 . . . 34823 3389 1 Incidentally incidentally RB 34823 3389 2 , , , 34823 3389 3 our -PRON- PRP$ 34823 3389 4 ship ship NN 34823 3389 5 may may MD 34823 3389 6 also also RB 34823 3389 7 bring bring VB 34823 3389 8 in in RP 34823 3389 9 more more JJR 34823 3389 10 gold gold NN 34823 3389 11 . . . 34823 3390 1 The the DT 34823 3390 2 bankers banker NNS 34823 3390 3 , , , 34823 3390 4 finding find VBG 34823 3390 5 their -PRON- PRP$ 34823 3390 6 deposits deposit NNS 34823 3390 7 expanding expand VBG 34823 3390 8 , , , 34823 3390 9 may may MD 34823 3390 10 feel feel VB 34823 3390 11 it -PRON- PRP 34823 3390 12 well well JJ 34823 3390 13 to to TO 34823 3390 14 cable cable NN 34823 3390 15 orders order NNS 34823 3390 16 for for IN 34823 3390 17 more more JJR 34823 3390 18 gold gold NN 34823 3390 19 to to TO 34823 3390 20 increase increase VB 34823 3390 21 their -PRON- PRP$ 34823 3390 22 reserves reserve NNS 34823 3390 23 , , , 34823 3390 24 especially especially RB 34823 3390 25 as as IN 34823 3390 26 they -PRON- PRP 34823 3390 27 have have VBP 34823 3390 28 been be VBN 34823 3390 29 subject subject JJ 34823 3390 30 to to IN 34823 3390 31 somewhat somewhat RB 34823 3390 32 unusual unusual JJ 34823 3390 33 calls call NNS 34823 3390 34 for for IN 34823 3390 35 cash cash NN 34823 3390 36 for for IN 34823 3390 37 hand hand NN 34823 3390 38 to to IN 34823 3390 39 hand hand NN 34823 3390 40 circulation circulation NN 34823 3390 41 -- -- : 34823 3390 42 though though IN 34823 3390 43 this this DT 34823 3390 44 last last JJ 34823 3390 45 need need NN 34823 3390 46 they -PRON- PRP 34823 3390 47 might may MD 34823 3390 48 well well RB 34823 3390 49 have have VB 34823 3390 50 been be VBN 34823 3390 51 meeting meet VBG 34823 3390 52 by by IN 34823 3390 53 expanding expand VBG 34823 3390 54 their -PRON- PRP$ 34823 3390 55 note note NN 34823 3390 56 issue issue NN 34823 3390 57 . . . 34823 3391 1 Is be VBZ 34823 3391 2 there there EX 34823 3391 3 anything anything NN 34823 3391 4 else else RB 34823 3391 5 to to TO 34823 3391 6 be be VB 34823 3391 7 said say VBN 34823 3391 8 ? ? . 34823 3392 1 Is be VBZ 34823 3392 2 not not RB 34823 3392 3 the the DT 34823 3392 4 new new JJ 34823 3392 5 equilibrium equilibrium NN 34823 3392 6 stable stable JJ 34823 3392 7 ? ? . 34823 3393 1 And and CC 34823 3393 2 is be VBZ 34823 3393 3 not not RB 34823 3393 4 the the DT 34823 3393 5 causal causal JJ 34823 3393 6 sequence sequence NN 34823 3393 7 precisely precisely RB 34823 3393 8 the the DT 34823 3393 9 reverse reverse NN 34823 3393 10 of of IN 34823 3393 11 that that DT 34823 3393 12 assigned assign VBN 34823 3393 13 by by IN 34823 3393 14 the the DT 34823 3393 15 quantity quantity NN 34823 3393 16 theory theory NN 34823 3393 17 ? ? . 34823 3394 1 _ _ NNP 34823 3394 2 First First NNP 34823 3394 3 _ _ NNP 34823 3394 4 . . . 34823 3395 1 a a DT 34823 3395 2 rise rise NN 34823 3395 3 in in IN 34823 3395 4 prices price NNS 34823 3395 5 ; ; : 34823 3395 6 _ _ NNP 34823 3395 7 second second JJ 34823 3395 8 _ _ NNP 34823 3395 9 , , , 34823 3395 10 an an DT 34823 3395 11 expansion expansion NN 34823 3395 12 of of IN 34823 3395 13 credit credit NN 34823 3395 14 , , , 34823 3395 15 book book NN 34823 3395 16 - - HYPH 34823 3395 17 credit credit NN 34823 3395 18 , , , 34823 3395 19 notes note NNS 34823 3395 20 and and CC 34823 3395 21 deposits deposit NNS 34823 3395 22 ; ; : 34823 3395 23 _ _ NNP 34823 3395 24 third third JJ 34823 3395 25 _ _ NNP 34823 3395 26 , , , 34823 3395 27 money money NN 34823 3395 28 comes come VBZ 34823 3395 29 in in RP 34823 3395 30 . . . 34823 3396 1 If if IN 34823 3396 2 anyone anyone NN 34823 3396 3 is be VBZ 34823 3396 4 particularly particularly RB 34823 3396 5 anxious anxious JJ 34823 3396 6 about about IN 34823 3396 7 the the DT 34823 3396 8 equation equation NN 34823 3396 9 of of IN 34823 3396 10 exchange exchange NN 34823 3396 11 in in IN 34823 3396 12 this this DT 34823 3396 13 process process NN 34823 3396 14 , , , 34823 3396 15 he -PRON- PRP 34823 3396 16 may may MD 34823 3396 17 add add VB 34823 3396 18 to to IN 34823 3396 19 my -PRON- PRP$ 34823 3396 20 expansion expansion NN 34823 3396 21 of of IN 34823 3396 22 credit credit NN 34823 3396 23 an an DT 34823 3396 24 increase increase NN 34823 3396 25 in in IN 34823 3396 26 velocities velocity NNS 34823 3396 27 to to TO 34823 3396 28 keep keep VB 34823 3396 29 it -PRON- PRP 34823 3396 30 straight straight JJ 34823 3396 31 ! ! . 34823 3397 1 I -PRON- PRP 34823 3397 2 may may MD 34823 3397 3 add add VB 34823 3397 4 that that IN 34823 3397 5 I -PRON- PRP 34823 3397 6 see see VBP 34823 3397 7 nothing nothing NN 34823 3397 8 in in IN 34823 3397 9 the the DT 34823 3397 10 " " `` 34823 3397 11 transition transition NN 34823 3397 12 " " '' 34823 3397 13 I -PRON- PRP 34823 3397 14 have have VBP 34823 3397 15 described describe VBN 34823 3397 16 to to TO 34823 3397 17 cause cause VB 34823 3397 18 trade trade NN 34823 3397 19 to to TO 34823 3397 20 be be VB 34823 3397 21 reduced reduce VBN 34823 3397 22 . . . 34823 3398 1 Rather rather RB 34823 3398 2 , , , 34823 3398 3 I -PRON- PRP 34823 3398 4 should should MD 34823 3398 5 expect expect VB 34823 3398 6 the the DT 34823 3398 7 rising rise VBG 34823 3398 8 prices price NNS 34823 3398 9 to to TO 34823 3398 10 make make VB 34823 3398 11 trade trade NN 34823 3398 12 more more RBR 34823 3398 13 active active JJ 34823 3398 14 -- -- : 34823 3398 15 or or CC 34823 3398 16 better well JJR 34823 3398 17 , , , 34823 3398 18 I -PRON- PRP 34823 3398 19 should should MD 34823 3398 20 expect expect VB 34823 3398 21 the the DT 34823 3398 22 rising rise VBG 34823 3398 23 _ _ NNP 34823 3398 24 values value NNS 34823 3398 25 _ _ NNP 34823 3398 26 of of IN 34823 3398 27 goods good NNS 34823 3398 28 , , , 34823 3398 29 etc etc FW 34823 3398 30 . . . 34823 3398 31 , , , 34823 3398 32 of of IN 34823 3398 33 which which WDT 34823 3398 34 rising rise VBG 34823 3398 35 prices price NNS 34823 3398 36 are be VBP 34823 3398 37 the the DT 34823 3398 38 symptom symptom NN 34823 3398 39 , , , 34823 3398 40 to to TO 34823 3398 41 make make VB 34823 3398 42 trade trade NN 34823 3398 43 more more RBR 34823 3398 44 active active JJ 34823 3398 45 , , , 34823 3398 46 particularly particularly RB 34823 3398 47 as as IN 34823 3398 48 there there EX 34823 3398 49 would would MD 34823 3398 50 be be VB 34823 3398 51 an an DT 34823 3398 52 increase increase NN 34823 3398 53 in in IN 34823 3398 54 speculation speculation NN 34823 3398 55 to to TO 34823 3398 56 bring bring VB 34823 3398 57 about about RP 34823 3398 58 readjustments readjustment NNS 34823 3398 59 , , , 34823 3398 60 and and CC 34823 3398 61 to to TO 34823 3398 62 " " `` 34823 3398 63 discount discount VB 34823 3398 64 " " '' 34823 3398 65 the the DT 34823 3398 66 prosperity prosperity NN 34823 3398 67 . . . 34823 3399 1 Nor nor CC 34823 3399 2 can can MD 34823 3399 3 I -PRON- PRP 34823 3399 4 find find VB 34823 3399 5 any any DT 34823 3399 6 reason reason NN 34823 3399 7 why why WRB 34823 3399 8 trade trade NN 34823 3399 9 should should MD 34823 3399 10 be be VB 34823 3399 11 reduced reduce VBN 34823 3399 12 below below IN 34823 3399 13 the the DT 34823 3399 14 old old JJ 34823 3399 15 level level NN 34823 3399 16 in in IN 34823 3399 17 the the DT 34823 3399 18 new new JJ 34823 3399 19 normal normal JJ 34823 3399 20 equilibrium equilibrium NN 34823 3399 21 . . . 34823 3400 1 It -PRON- PRP 34823 3400 2 would would MD 34823 3400 3 make make VB 34823 3400 4 no no DT 34823 3400 5 difference difference NN 34823 3400 6 , , , 34823 3400 7 however however RB 34823 3400 8 , , , 34823 3400 9 if if IN 34823 3400 10 trade trade NN 34823 3400 11 were be VBD 34823 3400 12 reduced reduce VBN 34823 3400 13 either either CC 34823 3400 14 transitionally transitionally RB 34823 3400 15 or or CC 34823 3400 16 normally normally RB 34823 3400 17 , , , 34823 3400 18 since since IN 34823 3400 19 the the DT 34823 3400 20 point point NN 34823 3400 21 at at IN 34823 3400 22 issue issue NN 34823 3400 23 is be VBZ 34823 3400 24 the the DT 34823 3400 25 possibility possibility NN 34823 3400 26 of of IN 34823 3400 27 a a DT 34823 3400 28 rise rise NN 34823 3400 29 in in IN 34823 3400 30 prices price NNS 34823 3400 31 originating originate VBG 34823 3400 32 from from IN 34823 3400 33 causes cause NNS 34823 3400 34 outside outside IN 34823 3400 35 the the DT 34823 3400 36 equation equation NN 34823 3400 37 of of IN 34823 3400 38 exchange exchange NN 34823 3400 39 , , , 34823 3400 40 and and CC 34823 3400 41 compelling compel VBG 34823 3400 42 a a DT 34823 3400 43 readjustment readjustment NN 34823 3400 44 of of IN 34823 3400 45 a a DT 34823 3400 46 permanent permanent JJ 34823 3400 47 character character NN 34823 3400 48 in in IN 34823 3400 49 the the DT 34823 3400 50 other other JJ 34823 3400 51 factors factor NNS 34823 3400 52 of of IN 34823 3400 53 the the DT 34823 3400 54 equation equation NN 34823 3400 55 . . . 34823 3401 1 The the DT 34823 3401 2 quantity quantity NN 34823 3401 3 theorist theorist NN 34823 3401 4 is be VBZ 34823 3401 5 at at IN 34823 3401 6 liberty liberty NN 34823 3401 7 to to TO 34823 3401 8 make make VB 34823 3401 9 this this DT 34823 3401 10 readjustment readjustment NN 34823 3401 11 in in IN 34823 3401 12 any any DT 34823 3401 13 way way NN 34823 3401 14 he -PRON- PRP 34823 3401 15 pleases please VBZ 34823 3401 16 . . . 34823 3402 1 My -PRON- PRP$ 34823 3402 2 point point NN 34823 3402 3 is be VBZ 34823 3402 4 made make VBN 34823 3402 5 if if IN 34823 3402 6 he -PRON- PRP 34823 3402 7 has have VBZ 34823 3402 8 to to TO 34823 3402 9 make make VB 34823 3402 10 the the DT 34823 3402 11 readjustment readjustment NN 34823 3402 12 , , , 34823 3402 13 and and CC 34823 3402 14 if if IN 34823 3402 15 the the DT 34823 3402 16 price price NN 34823 3402 17 - - HYPH 34823 3402 18 level level NN 34823 3402 19 stays stay VBZ 34823 3402 20 up up RP 34823 3402 21 ! ! . 34823 3403 1 I -PRON- PRP 34823 3403 2 have have VBP 34823 3403 3 put put VBN 34823 3403 4 my -PRON- PRP$ 34823 3403 5 illustration illustration NN 34823 3403 6 in in IN 34823 3403 7 an an DT 34823 3403 8 extreme extreme JJ 34823 3403 9 form form NN 34823 3403 10 to to TO 34823 3403 11 throw throw VB 34823 3403 12 the the DT 34823 3403 13 whole whole JJ 34823 3403 14 thing thing NN 34823 3403 15 in in IN 34823 3403 16 relief relief NN 34823 3403 17 , , , 34823 3403 18 and and CC 34823 3403 19 to to TO 34823 3403 20 make make VB 34823 3403 21 the the DT 34823 3403 22 demonstration demonstration NN 34823 3403 23 free free JJ 34823 3403 24 from from IN 34823 3403 25 a a DT 34823 3403 26 host host NN 34823 3403 27 of of IN 34823 3403 28 complexities complexity NNS 34823 3403 29 . . . 34823 3404 1 But but CC 34823 3404 2 is be VBZ 34823 3404 3 not not RB 34823 3404 4 the the DT 34823 3404 5 causal causal JJ 34823 3404 6 process process NN 34823 3404 7 essentially essentially RB 34823 3404 8 the the DT 34823 3404 9 same same JJ 34823 3404 10 if if IN 34823 3404 11 we -PRON- PRP 34823 3404 12 substitute substitute VBP 34823 3404 13 , , , 34823 3404 14 say say VBP 34823 3404 15 , , , 34823 3404 16 the the DT 34823 3404 17 Southern Southern NNP 34823 3404 18 States States NNP 34823 3404 19 for for IN 34823 3404 20 our -PRON- PRP$ 34823 3404 21 island island NN 34823 3404 22 , , , 34823 3404 23 and and CC 34823 3404 24 cotton cotton NN 34823 3404 25 for for IN 34823 3404 26 our -PRON- PRP$ 34823 3404 27 staple staple NN 34823 3404 28 ? ? . 34823 3405 1 So so RB 34823 3405 2 long long RB 34823 3405 3 as as IN 34823 3405 4 the the DT 34823 3405 5 telegraph telegraph NN 34823 3405 6 bringing bring VBG 34823 3405 7 news news NN 34823 3405 8 of of IN 34823 3405 9 the the DT 34823 3405 10 ruin ruin NN 34823 3405 11 of of IN 34823 3405 12 cotton cotton NN 34823 3405 13 production production NN 34823 3405 14 in in IN 34823 3405 15 India India NNP 34823 3405 16 and and CC 34823 3405 17 Egypt Egypt NNP 34823 3405 18 , , , 34823 3405 19 with with IN 34823 3405 20 the the DT 34823 3405 21 higher high JJR 34823 3405 22 price price NN 34823 3405 23 of of IN 34823 3405 24 cotton cotton NN 34823 3405 25 , , , 34823 3405 26 can can MD 34823 3405 27 come come VB 34823 3405 28 in in RB 34823 3405 29 ahead ahead RB 34823 3405 30 of of IN 34823 3405 31 the the DT 34823 3405 32 money money NN 34823 3405 33 that that WDT 34823 3405 34 the the DT 34823 3405 35 quantity quantity NN 34823 3405 36 theorist theorist NN 34823 3405 37 might may MD 34823 3405 38 imagine imagine VB 34823 3405 39 rushing rushing NN 34823 3405 40 in in IN 34823 3405 41 a a DT 34823 3405 42 race race NN 34823 3405 43 with with IN 34823 3405 44 it -PRON- PRP 34823 3405 45 on on IN 34823 3405 46 the the DT 34823 3405 47 train train NN 34823 3405 48 to to TO 34823 3405 49 be be VB 34823 3405 50 offered offer VBN 34823 3405 51 for for IN 34823 3405 52 the the DT 34823 3405 53 cotton cotton NN 34823 3405 54 , , , 34823 3405 55 my -PRON- PRP$ 34823 3405 56 point point NN 34823 3405 57 is be VBZ 34823 3405 58 made make VBN 34823 3405 59 . . . 34823 3406 1 In in IN 34823 3406 2 point point NN 34823 3406 3 of of IN 34823 3406 4 fact fact NN 34823 3406 5 , , , 34823 3406 6 there there EX 34823 3406 7 would would MD 34823 3406 8 be be VB 34823 3406 9 a a DT 34823 3406 10 general general JJ 34823 3406 11 rise rise NN 34823 3406 12 in in IN 34823 3406 13 prices price NNS 34823 3406 14 and and CC 34823 3406 15 wages wage NNS 34823 3406 16 in in IN 34823 3406 17 the the DT 34823 3406 18 South South NNP 34823 3406 19 , , , 34823 3406 20 which which WDT 34823 3406 21 , , , 34823 3406 22 leading lead VBG 34823 3406 23 to to IN 34823 3406 24 an an DT 34823 3406 25 expansion expansion NN 34823 3406 26 of of IN 34823 3406 27 credit credit NN 34823 3406 28 , , , 34823 3406 29 would would MD 34823 3406 30 only only RB 34823 3406 31 gradually gradually RB 34823 3406 32 and and CC 34823 3406 33 in in IN 34823 3406 34 no no DT 34823 3406 35 definite definite JJ 34823 3406 36 ratio ratio NN 34823 3406 37 lead lead NN 34823 3406 38 to to IN 34823 3406 39 an an DT 34823 3406 40 increase increase NN 34823 3406 41 in in IN 34823 3406 42 money money NN 34823 3406 43 drawn draw VBN 34823 3406 44 from from IN 34823 3406 45 outside outside RB 34823 3406 46 . . . 34823 3407 1 Buyers buyer NNS 34823 3407 2 outside outside RB 34823 3407 3 would would MD 34823 3407 4 pay pay VB 34823 3407 5 , , , 34823 3407 6 not not RB 34823 3407 7 with with IN 34823 3407 8 money money NN 34823 3407 9 , , , 34823 3407 10 but but CC 34823 3407 11 with with IN 34823 3407 12 checks check NNS 34823 3407 13 drawn draw VBN 34823 3407 14 on on IN 34823 3407 15 New New NNP 34823 3407 16 York York NNP 34823 3407 17 , , , 34823 3407 18 and and CC 34823 3407 19 Southern southern JJ 34823 3407 20 bankers banker NNS 34823 3407 21 would would MD 34823 3407 22 use use VB 34823 3407 23 their -PRON- PRP$ 34823 3407 24 discretion discretion NN 34823 3407 25 as as IN 34823 3407 26 to to IN 34823 3407 27 how how WRB 34823 3407 28 much much JJ 34823 3407 29 actual actual JJ 34823 3407 30 cash cash NN 34823 3407 31 they -PRON- PRP 34823 3407 32 would would MD 34823 3407 33 bring bring VB 34823 3407 34 in in RP 34823 3407 35 . . . 34823 3408 1 With with IN 34823 3408 2 the the DT 34823 3408 3 elastic elastic JJ 34823 3408 4 note note NN 34823 3408 5 issue issue NN 34823 3408 6 of of IN 34823 3408 7 our -PRON- PRP$ 34823 3408 8 Federal Federal NNP 34823 3408 9 Reserve Reserve NNP 34823 3408 10 system system NN 34823 3408 11 , , , 34823 3408 12 I -PRON- PRP 34823 3408 13 see see VBP 34823 3408 14 no no DT 34823 3408 15 reason reason NN 34823 3408 16 to to TO 34823 3408 17 anticipate anticipate VB 34823 3408 18 that that IN 34823 3408 19 money money NN 34823 3408 20 would would MD 34823 3408 21 be be VB 34823 3408 22 drawn draw VBN 34823 3408 23 to to IN 34823 3408 24 the the DT 34823 3408 25 South South NNP 34823 3408 26 in in IN 34823 3408 27 an an DT 34823 3408 28 amount amount NN 34823 3408 29 proportionate proportionate NN 34823 3408 30 to to IN 34823 3408 31 the the DT 34823 3408 32 increase increase NN 34823 3408 33 in in IN 34823 3408 34 prices price NNS 34823 3408 35 . . . 34823 3409 1 Even even RB 34823 3409 2 if if IN 34823 3409 3 it -PRON- PRP 34823 3409 4 were be VBD 34823 3409 5 , , , 34823 3409 6 the the DT 34823 3409 7 causation causation NN 34823 3409 8 would would MD 34823 3409 9 not not RB 34823 3409 10 run run VB 34823 3409 11 from from IN 34823 3409 12 money money NN 34823 3409 13 to to IN 34823 3409 14 prices price NNS 34823 3409 15 , , , 34823 3409 16 and and CC 34823 3409 17 that that DT 34823 3409 18 is be VBZ 34823 3409 19 the the DT 34823 3409 20 point point NN 34823 3409 21 at at IN 34823 3409 22 issue issue NN 34823 3409 23 . . . 34823 3410 1 If if IN 34823 3410 2 _ _ NNP 34823 3410 3 rising rise VBG 34823 3410 4 _ _ NNP 34823 3410 5 prices price NNS 34823 3410 6 can can MD 34823 3410 7 cause cause VB 34823 3410 8 increasing increase VBG 34823 3410 9 money money NN 34823 3410 10 , , , 34823 3410 11 the the DT 34823 3410 12 whole whole JJ 34823 3410 13 quantity quantity NN 34823 3410 14 theory theory NN 34823 3410 15 is be VBZ 34823 3410 16 upset upset JJ 34823 3410 17 , , , 34823 3410 18 whatever whatever WDT 34823 3410 19 the the DT 34823 3410 20 proportions proportion NNS 34823 3410 21 involved involve VBN 34823 3410 22 . . . 34823 3411 1 It -PRON- PRP 34823 3411 2 will will MD 34823 3411 3 be be VB 34823 3411 4 noted note VBN 34823 3411 5 that that IN 34823 3411 6 my -PRON- PRP$ 34823 3411 7 illustration illustration NN 34823 3411 8 might may MD 34823 3411 9 be be VB 34823 3411 10 put put VBN 34823 3411 11 partly partly RB 34823 3411 12 in in IN 34823 3411 13 the the DT 34823 3411 14 form form NN 34823 3411 15 of of IN 34823 3411 16 the the DT 34823 3411 17 supply supply NN 34823 3411 18 and and CC 34823 3411 19 demand demand NN 34823 3411 20 argument argument NN 34823 3411 21 . . . 34823 3412 1 Increasing increase VBG 34823 3412 2 demand demand NN 34823 3412 3 for for IN 34823 3412 4 cotton cotton NN 34823 3412 5 in in IN 34823 3412 6 the the DT 34823 3412 7 South South NNP 34823 3412 8 leads lead VBZ 34823 3412 9 to to IN 34823 3412 10 higher high JJR 34823 3412 11 price price NN 34823 3412 12 of of IN 34823 3412 13 cotton cotton NN 34823 3412 14 ; ; , 34823 3412 15 higher high JJR 34823 3412 16 price price NN 34823 3412 17 of of IN 34823 3412 18 cotton cotton NN 34823 3412 19 makes make VBZ 34823 3412 20 cotton cotton NN 34823 3412 21 - - HYPH 34823 3412 22 growers grower NNS 34823 3412 23 richer richer RBR 34823 3412 24 , , , 34823 3412 25 and and CC 34823 3412 26 enables enable VBZ 34823 3412 27 them -PRON- PRP 34823 3412 28 to to TO 34823 3412 29 increase increase VB 34823 3412 30 their -PRON- PRP$ 34823 3412 31 demand demand NN 34823 3412 32 for for IN 34823 3412 33 imported import VBN 34823 3412 34 goods good NNS 34823 3412 35 , , , 34823 3412 36 for for IN 34823 3412 37 land land NN 34823 3412 38 , , , 34823 3412 39 and and CC 34823 3412 40 for for IN 34823 3412 41 labor labor NN 34823 3412 42 . . . 34823 3413 1 Supply supply NN 34823 3413 2 and and CC 34823 3413 3 demand demand NN 34823 3413 4 comes come VBZ 34823 3413 5 into into IN 34823 3413 6 conflict conflict NN 34823 3413 7 with with IN 34823 3413 8 the the DT 34823 3413 9 quantity quantity NN 34823 3413 10 theory theory NN 34823 3413 11 , , , 34823 3413 12 and and CC 34823 3413 13 does do VBZ 34823 3413 14 not not RB 34823 3413 15 suffer suffer VB 34823 3413 16 in in IN 34823 3413 17 the the DT 34823 3413 18 conflict conflict NN 34823 3413 19 ! ! . 34823 3414 1 Supply supply NN 34823 3414 2 and and CC 34823 3414 3 demand demand NN 34823 3414 4 determine determine VBP 34823 3414 5 particular particular JJ 34823 3414 6 prices price NNS 34823 3414 7 , , , 34823 3414 8 and and CC 34823 3414 9 particular particular JJ 34823 3414 10 prices price NNS 34823 3414 11 determine determine VBP 34823 3414 12 the the DT 34823 3414 13 price price NN 34823 3414 14 - - HYPH 34823 3414 15 level level NN 34823 3414 16 ! ! . 34823 3415 1 Now now RB 34823 3415 2 I -PRON- PRP 34823 3415 3 wish wish VBP 34823 3415 4 to to TO 34823 3415 5 generalize generalize VB 34823 3415 6 this this DT 34823 3415 7 point point NN 34823 3415 8 . . . 34823 3416 1 I -PRON- PRP 34823 3416 2 shall shall MD 34823 3416 3 show show VB 34823 3416 4 that that IN 34823 3416 5 the the DT 34823 3416 6 quantity quantity NN 34823 3416 7 theory theory NN 34823 3416 8 conflicts conflict NNS 34823 3416 9 with with IN 34823 3416 10 most most JJS 34823 3416 11 of of IN 34823 3416 12 our -PRON- PRP$ 34823 3416 13 doctrines doctrine NNS 34823 3416 14 of of IN 34823 3416 15 prices price NNS 34823 3416 16 , , , 34823 3416 17 as as IN 34823 3416 18 worked work VBN 34823 3416 19 out out RP 34823 3416 20 in in IN 34823 3416 21 our -PRON- PRP$ 34823 3416 22 systems system NNS 34823 3416 23 of of IN 34823 3416 24 economics economic NNS 34823 3416 25 . . . 34823 3417 1 I -PRON- PRP 34823 3417 2 shall shall MD 34823 3417 3 show show VB 34823 3417 4 that that IN 34823 3417 5 , , , 34823 3417 6 in in IN 34823 3417 7 important important JJ 34823 3417 8 cases case NNS 34823 3417 9 , , , 34823 3417 10 the the DT 34823 3417 11 quantity quantity NN 34823 3417 12 theory theory NN 34823 3417 13 conflicts conflict NNS 34823 3417 14 with with IN 34823 3417 15 the the DT 34823 3417 16 law law NN 34823 3417 17 of of IN 34823 3417 18 supply supply NN 34823 3417 19 and and CC 34823 3417 20 demand demand NN 34823 3417 21 , , , 34823 3417 22 with with IN 34823 3417 23 the the DT 34823 3417 24 doctrine doctrine NN 34823 3417 25 of of IN 34823 3417 26 cost cost NN 34823 3417 27 of of IN 34823 3417 28 production production NN 34823 3417 29 , , , 34823 3417 30 with with IN 34823 3417 31 the the DT 34823 3417 32 capitalization capitalization NN 34823 3417 33 theory theory NN 34823 3417 34 , , , 34823 3417 35 and and CC 34823 3417 36 with with IN 34823 3417 37 the the DT 34823 3417 38 doctrine doctrine NN 34823 3417 39 of of IN 34823 3417 40 imputation imputation NN 34823 3417 41 as as IN 34823 3417 42 worked work VBN 34823 3417 43 out out RP 34823 3417 44 by by IN 34823 3417 45 the the DT 34823 3417 46 Austrians Austrians NNPS 34823 3417 47 , , , 34823 3417 48 whereby whereby WRB 34823 3417 49 the the DT 34823 3417 50 prices price NNS 34823 3417 51 of of IN 34823 3417 52 labor labor NN 34823 3417 53 , , , 34823 3417 54 land land NN 34823 3417 55 , , , 34823 3417 56 and and CC 34823 3417 57 other other JJ 34823 3417 58 agents agent NNS 34823 3417 59 of of IN 34823 3417 60 production production NN 34823 3417 61 rise rise VBP 34823 3417 62 or or CC 34823 3417 63 fall fall VB 34823 3417 64 with with IN 34823 3417 65 the the DT 34823 3417 66 prices price NNS 34823 3417 67 of of IN 34823 3417 68 the the DT 34823 3417 69 consumption consumption NN 34823 3417 70 goods good NNS 34823 3417 71 which which WDT 34823 3417 72 they -PRON- PRP 34823 3417 73 produce produce VBP 34823 3417 74 . . . 34823 3418 1 I -PRON- PRP 34823 3418 2 shall shall MD 34823 3418 3 show show VB 34823 3418 4 the the DT 34823 3418 5 conflict conflict NN 34823 3418 6 in in IN 34823 3418 7 important important JJ 34823 3418 8 cases case NNS 34823 3418 9 , , , 34823 3418 10 and and CC 34823 3418 11 shall shall MD 34823 3418 12 show show VB 34823 3418 13 also also RB 34823 3418 14 , , , 34823 3418 15 in in IN 34823 3418 16 those those DT 34823 3418 17 cases case NNS 34823 3418 18 , , , 34823 3418 19 that that IN 34823 3418 20 it -PRON- PRP 34823 3418 21 is be VBZ 34823 3418 22 not not RB 34823 3418 23 the the DT 34823 3418 24 quantity quantity NN 34823 3418 25 theory theory NN 34823 3418 26 which which WDT 34823 3418 27 can can MD 34823 3418 28 be be VB 34823 3418 29 sustained sustain VBN 34823 3418 30 . . . 34823 3419 1 The the DT 34823 3419 2 general general JJ 34823 3419 3 form form NN 34823 3419 4 of of IN 34823 3419 5 the the DT 34823 3419 6 conflict conflict NN 34823 3419 7 may may MD 34823 3419 8 be be VB 34823 3419 9 stated state VBN 34823 3419 10 for for IN 34823 3419 11 all all PDT 34823 3419 12 these these DT 34823 3419 13 theories theory NNS 34823 3419 14 . . . 34823 3420 1 They -PRON- PRP 34823 3420 2 are be VBP 34823 3420 3 theories theory NNS 34823 3420 4 of of IN 34823 3420 5 the the DT 34823 3420 6 _ _ NNP 34823 3420 7 relations relation NNS 34823 3420 8 _ _ NNP 34823 3420 9 of of IN 34823 3420 10 particular particular JJ 34823 3420 11 prices price NNS 34823 3420 12 , , , 34823 3420 13 concerned concern VBN 34823 3420 14 with with IN 34823 3420 15 showing show VBG 34823 3420 16 that that IN 34823 3420 17 individual individual JJ 34823 3420 18 prices price NNS 34823 3420 19 are be VBP 34823 3420 20 so so RB 34823 3420 21 related related JJ 34823 3420 22 that that IN 34823 3420 23 they -PRON- PRP 34823 3420 24 tend tend VBP 34823 3420 25 to to TO 34823 3420 26 _ _ NNP 34823 3420 27 vary vary VBP 34823 3420 28 together together RB 34823 3420 29 _ _ NNP 34823 3420 30 . . . 34823 3421 1 A a DT 34823 3421 2 rise rise NN 34823 3421 3 in in IN 34823 3421 4 one one CD 34823 3421 5 price price NN 34823 3421 6 , , , 34823 3421 7 according accord VBG 34823 3421 8 to to IN 34823 3421 9 these these DT 34823 3421 10 theories theory NNS 34823 3421 11 , , , 34823 3421 12 tends tend VBZ 34823 3421 13 to to TO 34823 3421 14 bring bring VB 34823 3421 15 about about RP 34823 3421 16 _ _ NNP 34823 3421 17 rises rise VBZ 34823 3421 18 _ _ NNP 34823 3421 19 in in IN 34823 3421 20 others other NNS 34823 3421 21 , , , 34823 3421 22 and and CC 34823 3421 23 _ _ NNP 34823 3421 24 vice vice NN 34823 3421 25 versa versa NNP 34823 3421 26 _ _ NNP 34823 3421 27 . . . 34823 3422 1 The the DT 34823 3422 2 quantity quantity NN 34823 3422 3 theory theory NN 34823 3422 4 , , , 34823 3422 5 on on IN 34823 3422 6 the the DT 34823 3422 7 other other JJ 34823 3422 8 hand hand NN 34823 3422 9 , , , 34823 3422 10 asserts assert VBZ 34823 3422 11 a a DT 34823 3422 12 relation relation NN 34823 3422 13 among among IN 34823 3422 14 individual individual JJ 34823 3422 15 prices price NNS 34823 3422 16 such such JJ 34823 3422 17 that that IN 34823 3422 18 a a DT 34823 3422 19 rise rise NN 34823 3422 20 in in IN 34823 3422 21 one one PRP 34823 3422 22 tends tend VBZ 34823 3422 23 to to TO 34823 3422 24 bring bring VB 34823 3422 25 about about RP 34823 3422 26 a a DT 34823 3422 27 _ _ NNP 34823 3422 28 fall fall NN 34823 3422 29 _ _ NNP 34823 3422 30 in in IN 34823 3422 31 others other NNS 34823 3422 32 -- -- : 34823 3422 33 it -PRON- PRP 34823 3422 34 requires require VBZ 34823 3422 35 a a DT 34823 3422 36 _ _ NNP 34823 3422 37 compensatory compensatory JJ 34823 3422 38 _ _ NNP 34823 3422 39 fall fall NN 34823 3422 40 at at IN 34823 3422 41 one one CD 34823 3422 42 point point NN 34823 3422 43 , , , 34823 3422 44 if if IN 34823 3422 45 there there EX 34823 3422 46 has have VBZ 34823 3422 47 been be VBN 34823 3422 48 a a DT 34823 3422 49 rise rise NN 34823 3422 50 somewhere somewhere RB 34823 3422 51 else else RB 34823 3422 52 . . . 34823 3423 1 Let let VB 34823 3423 2 us -PRON- PRP 34823 3423 3 take take VB 34823 3423 4 some some DT 34823 3423 5 cases case NNS 34823 3423 6 . . . 34823 3424 1 I -PRON- PRP 34823 3424 2 shall shall MD 34823 3424 3 take take VB 34823 3424 4 , , , 34823 3424 5 first first RB 34823 3424 6 , , , 34823 3424 7 the the DT 34823 3424 8 conflict conflict NN 34823 3424 9 between between IN 34823 3424 10 the the DT 34823 3424 11 quantity quantity NN 34823 3424 12 theory theory NN 34823 3424 13 and and CC 34823 3424 14 the the DT 34823 3424 15 capitalization capitalization NN 34823 3424 16 theory theory NN 34823 3424 17 , , , 34823 3424 18 as as IN 34823 3424 19 I -PRON- PRP 34823 3424 20 can can MD 34823 3424 21 use use VB 34823 3424 22 the the DT 34823 3424 23 illustration illustration NN 34823 3424 24 just just RB 34823 3424 25 given give VBN 34823 3424 26 in in IN 34823 3424 27 connection connection NN 34823 3424 28 with with IN 34823 3424 29 it -PRON- PRP 34823 3424 30 . . . 34823 3425 1 I -PRON- PRP 34823 3425 2 have have VBP 34823 3425 3 , , , 34823 3425 4 in in IN 34823 3425 5 a a DT 34823 3425 6 preceding precede VBG 34823 3425 7 chapter chapter NN 34823 3425 8 , , , 34823 3425 9 given give VBN 34823 3425 10 a a DT 34823 3425 11 statement statement NN 34823 3425 12 of of IN 34823 3425 13 the the DT 34823 3425 14 capitalization capitalization NN 34823 3425 15 theory theory NN 34823 3425 16 . . . 34823 3426 1 It -PRON- PRP 34823 3426 2 is be VBZ 34823 3426 3 a a DT 34823 3426 4 theory theory NN 34823 3426 5 concerned concern VBN 34823 3426 6 with with IN 34823 3426 7 the the DT 34823 3426 8 prices price NNS 34823 3426 9 of of IN 34823 3426 10 long long JJ 34823 3426 11 - - HYPH 34823 3426 12 time time NN 34823 3426 13 goods good NNS 34823 3426 14 and and CC 34823 3426 15 income income NN 34823 3426 16 - - HYPH 34823 3426 17 bearers bearer NNS 34823 3426 18 , , , 34823 3426 19 as as IN 34823 3426 20 lands land NNS 34823 3426 21 , , , 34823 3426 22 houses house NNS 34823 3426 23 , , , 34823 3426 24 capital capital NN 34823 3426 25 goods good NNS 34823 3426 26 of of IN 34823 3426 27 various various JJ 34823 3426 28 sorts sort NNS 34823 3426 29 that that WDT 34823 3426 30 give give VBP 34823 3426 31 forth forth RP 34823 3426 32 their -PRON- PRP$ 34823 3426 33 services service NNS 34823 3426 34 through through IN 34823 3426 35 a a DT 34823 3426 36 series series NN 34823 3426 37 of of IN 34823 3426 38 years year NNS 34823 3426 39 , , , 34823 3426 40 stocks stock NNS 34823 3426 41 , , , 34823 3426 42 bonds bond NNS 34823 3426 43 , , , 34823 3426 44 etc etc FW 34823 3426 45 . . . 34823 3427 1 The the DT 34823 3427 2 prices price NNS 34823 3427 3 of of IN 34823 3427 4 things thing NNS 34823 3427 5 of of IN 34823 3427 6 this this DT 34823 3427 7 sort sort NN 34823 3427 8 , , , 34823 3427 9 according accord VBG 34823 3427 10 to to IN 34823 3427 11 the the DT 34823 3427 12 capitalization[340 capitalization[340 NN 34823 3427 13 ] ] -RRB- 34823 3427 14 theory theory NN 34823 3427 15 , , , 34823 3427 16 depend depend VB 34823 3427 17 on on IN 34823 3427 18 two two CD 34823 3427 19 factors factor NNS 34823 3427 20 : : : 34823 3427 21 one one CD 34823 3427 22 , , , 34823 3427 23 the the DT 34823 3427 24 money money NN 34823 3427 25 income income NN 34823 3427 26 expected expect VBN 34823 3427 27 from from IN 34823 3427 28 the the DT 34823 3427 29 income income NN 34823 3427 30 - - HYPH 34823 3427 31 bearer bearer NN 34823 3427 32 , , , 34823 3427 33 the the DT 34823 3427 34 other other JJ 34823 3427 35 , , , 34823 3427 36 the the DT 34823 3427 37 prevailing prevail VBG 34823 3427 38 rate rate NN 34823 3427 39 of of IN 34823 3427 40 interest interest NN 34823 3427 41 . . . 34823 3428 1 This this DT 34823 3428 2 money money NN 34823 3428 3 income income NN 34823 3428 4 , , , 34823 3428 5 except except IN 34823 3428 6 in in IN 34823 3428 7 the the DT 34823 3428 8 case case NN 34823 3428 9 of of IN 34823 3428 10 bonds bond NNS 34823 3428 11 , , , 34823 3428 12 commonly commonly RB 34823 3428 13 depends depend VBZ 34823 3428 14 on on IN 34823 3428 15 the the DT 34823 3428 16 prices price NNS 34823 3428 17 of of IN 34823 3428 18 the the DT 34823 3428 19 products product NNS 34823 3428 20 of of IN 34823 3428 21 the the DT 34823 3428 22 income income NN 34823 3428 23 - - HYPH 34823 3428 24 bearer bearer NN 34823 3428 25 , , , 34823 3428 26 or or CC 34823 3428 27 ( ( -LRB- 34823 3428 28 in in IN 34823 3428 29 the the DT 34823 3428 30 case case NN 34823 3428 31 of of IN 34823 3428 32 stocks stock NNS 34823 3428 33 ) ) -RRB- 34823 3428 34 of of IN 34823 3428 35 the the DT 34823 3428 36 products product NNS 34823 3428 37 of of IN 34823 3428 38 the the DT 34823 3428 39 concrete concrete JJ 34823 3428 40 capital capital NN 34823 3428 41 - - HYPH 34823 3428 42 goods good NNS 34823 3428 43 to to TO 34823 3428 44 which which WDT 34823 3428 45 the the DT 34823 3428 46 income income NN 34823 3428 47 - - HYPH 34823 3428 48 bearer bearer NN 34823 3428 49 gives give VBZ 34823 3428 50 title title NN 34823 3428 51 . . . 34823 3429 1 If if IN 34823 3429 2 we -PRON- PRP 34823 3429 3 may may MD 34823 3429 4 follow follow VB 34823 3429 5 the the DT 34823 3429 6 Austrian austrian JJ 34823 3429 7 division division NN 34823 3429 8 of of IN 34823 3429 9 goods good NNS 34823 3429 10 into into IN 34823 3429 11 higher high JJR 34823 3429 12 and and CC 34823 3429 13 lower low JJR 34823 3429 14 " " `` 34823 3429 15 orders order NNS 34823 3429 16 , , , 34823 3429 17 " " '' 34823 3429 18 or or CC 34823 3429 19 " " `` 34823 3429 20 ranks rank VBZ 34823 3429 21 , , , 34823 3429 22 " " '' 34823 3429 23 we -PRON- PRP 34823 3429 24 may may MD 34823 3429 25 say say VB 34823 3429 26 that that IN 34823 3429 27 the the DT 34823 3429 28 prices price NNS 34823 3429 29 of of IN 34823 3429 30 the the DT 34823 3429 31 goods good NNS 34823 3429 32 of of IN 34823 3429 33 higher high JJR 34823 3429 34 ranks rank NNS 34823 3429 35 are be VBP 34823 3429 36 the the DT 34823 3429 37 capitalizations capitalization NNS 34823 3429 38 of of IN 34823 3429 39 the the DT 34823 3429 40 prices price NNS 34823 3429 41 of of IN 34823 3429 42 the the DT 34823 3429 43 goods good NNS 34823 3429 44 of of IN 34823 3429 45 lower low JJR 34823 3429 46 ranks rank NNS 34823 3429 47 specifically specifically RB 34823 3429 48 produced produce VBN 34823 3429 49 by by IN 34823 3429 50 them -PRON- PRP 34823 3429 51 . . . 34823 3430 1 Thus thus RB 34823 3430 2 , , , 34823 3430 3 concretely concretely RB 34823 3430 4 , , , 34823 3430 5 if if IN 34823 3430 6 the the DT 34823 3430 7 price price NN 34823 3430 8 of of IN 34823 3430 9 wheat wheat NN 34823 3430 10 rises rise NNS 34823 3430 11 , , , 34823 3430 12 we -PRON- PRP 34823 3430 13 may may MD 34823 3430 14 expect expect VB 34823 3430 15 the the DT 34823 3430 16 prices price NNS 34823 3430 17 of of IN 34823 3430 18 land land NN 34823 3430 19 to to TO 34823 3430 20 rise rise VB 34823 3430 21 , , , 34823 3430 22 if if IN 34823 3430 23 the the DT 34823 3430 24 rate rate NN 34823 3430 25 of of IN 34823 3430 26 interest interest NN 34823 3430 27 remains remain VBZ 34823 3430 28 the the DT 34823 3430 29 same same JJ 34823 3430 30 . . . 34823 3431 1 If if IN 34823 3431 2 the the DT 34823 3431 3 price price NN 34823 3431 4 of of IN 34823 3431 5 steel steel NN 34823 3431 6 rises rise NNS 34823 3431 7 , , , 34823 3431 8 we -PRON- PRP 34823 3431 9 may may MD 34823 3431 10 expect expect VB 34823 3431 11 the the DT 34823 3431 12 stocks stock NNS 34823 3431 13 of of IN 34823 3431 14 the the DT 34823 3431 15 U. U. NNP 34823 3431 16 S. S. NNP 34823 3431 17 Steel Steel NNP 34823 3431 18 corporation corporation NN 34823 3431 19 to to TO 34823 3431 20 rise rise VB 34823 3431 21 , , , 34823 3431 22 also also RB 34823 3431 23 . . . 34823 3432 1 If if IN 34823 3432 2 the the DT 34823 3432 3 prices price NNS 34823 3432 4 of of IN 34823 3432 5 smokeless smokeless NN 34823 3432 6 powder powder NN 34823 3432 7 , , , 34823 3432 8 and and CC 34823 3432 9 other other JJ 34823 3432 10 war war NN 34823 3432 11 munitions munition NNS 34823 3432 12 soar soar VBP 34823 3432 13 , , , 34823 3432 14 we -PRON- PRP 34823 3432 15 may may MD 34823 3432 16 expect expect VB 34823 3432 17 the the DT 34823 3432 18 prices price NNS 34823 3432 19 of of IN 34823 3432 20 the the DT 34823 3432 21 stocks stock NNS 34823 3432 22 of of IN 34823 3432 23 the the DT 34823 3432 24 corporations corporation NNS 34823 3432 25 involved involve VBN 34823 3432 26 to to TO 34823 3432 27 do do VB 34823 3432 28 precisely precisely RB 34823 3432 29 what what WP 34823 3432 30 they -PRON- PRP 34823 3432 31 have have VBP 34823 3432 32 done do VBN 34823 3432 33 in in IN 34823 3432 34 the the DT 34823 3432 35 recent recent JJ 34823 3432 36 course course NN 34823 3432 37 of of IN 34823 3432 38 the the DT 34823 3432 39 stock stock NN 34823 3432 40 market market NN 34823 3432 41 . . . 34823 3433 1 All all PDT 34823 3433 2 this this DT 34823 3433 3 , , , 34823 3433 4 on on IN 34823 3433 5 the the DT 34823 3433 6 assumption assumption NN 34823 3433 7 that that IN 34823 3433 8 the the DT 34823 3433 9 rate rate NN 34823 3433 10 of of IN 34823 3433 11 interest interest NN 34823 3433 12 does do VBZ 34823 3433 13 not not RB 34823 3433 14 change change VB 34823 3433 15 , , , 34823 3433 16 and and CC 34823 3433 17 that that IN 34823 3433 18 the the DT 34823 3433 19 risk risk NN 34823 3433 20 factor factor NN 34823 3433 21 remains remain VBZ 34823 3433 22 constant constant JJ 34823 3433 23 . . . 34823 3434 1 If if IN 34823 3434 2 these these DT 34823 3434 3 factors factor NNS 34823 3434 4 vary vary VBP 34823 3434 5 , , , 34823 3434 6 the the DT 34823 3434 7 results result NNS 34823 3434 8 will will MD 34823 3434 9 not not RB 34823 3434 10 present present VB 34823 3434 11 the the DT 34823 3434 12 mathematical mathematical JJ 34823 3434 13 exactitude exactitude NN 34823 3434 14 that that IN 34823 3434 15 the the DT 34823 3434 16 formula formula NN 34823 3434 17 calls call VBZ 34823 3434 18 for for IN 34823 3434 19 , , , 34823 3434 20 but but CC 34823 3434 21 the the DT 34823 3434 22 general general JJ 34823 3434 23 tendency tendency NN 34823 3434 24 will will MD 34823 3434 25 remain remain VB 34823 3434 26 the the DT 34823 3434 27 same same JJ 34823 3434 28 . . . 34823 3435 1 On on IN 34823 3435 2 the the DT 34823 3435 3 other other JJ 34823 3435 4 hand hand NN 34823 3435 5 , , , 34823 3435 6 if if IN 34823 3435 7 the the DT 34823 3435 8 incomes income NNS 34823 3435 9 remain remain VBP 34823 3435 10 unchanged unchanged JJ 34823 3435 11 , , , 34823 3435 12 but but CC 34823 3435 13 the the DT 34823 3435 14 rate rate NN 34823 3435 15 of of IN 34823 3435 16 interest interest NN 34823 3435 17 rises rise NNS 34823 3435 18 , , , 34823 3435 19 then then RB 34823 3435 20 we -PRON- PRP 34823 3435 21 may may MD 34823 3435 22 expect expect VB 34823 3435 23 the the DT 34823 3435 24 capitalized capitalize VBN 34823 3435 25 prices price NNS 34823 3435 26 to to TO 34823 3435 27 fall fall VB 34823 3435 28 , , , 34823 3435 29 and and CC 34823 3435 30 if if IN 34823 3435 31 the the DT 34823 3435 32 rate rate NN 34823 3435 33 of of IN 34823 3435 34 interest interest NN 34823 3435 35 falls fall VBZ 34823 3435 36 , , , 34823 3435 37 we -PRON- PRP 34823 3435 38 may may MD 34823 3435 39 expect expect VB 34823 3435 40 the the DT 34823 3435 41 capitalized capitalize VBN 34823 3435 42 prices price NNS 34823 3435 43 to to TO 34823 3435 44 rise rise VB 34823 3435 45 . . . 34823 3436 1 From from IN 34823 3436 2 the the DT 34823 3436 3 standpoint standpoint NN 34823 3436 4 of of IN 34823 3436 5 the the DT 34823 3436 6 present present JJ 34823 3436 7 discussion discussion NN 34823 3436 8 , , , 34823 3436 9 I -PRON- PRP 34823 3436 10 suppose suppose VBP 34823 3436 11 it -PRON- PRP 34823 3436 12 might may MD 34823 3436 13 be be VB 34823 3436 14 fairest fair JJS 34823 3436 15 and and CC 34823 3436 16 best good JJS 34823 3436 17 to to TO 34823 3436 18 state state VB 34823 3436 19 the the DT 34823 3436 20 capitalization capitalization NN 34823 3436 21 theory theory NN 34823 3436 22 on on IN 34823 3436 23 this this DT 34823 3436 24 point point NN 34823 3436 25 as as IN 34823 3436 26 Fisher Fisher NNP 34823 3436 27 himself -PRON- PRP 34823 3436 28 states state VBZ 34823 3436 29 it -PRON- PRP 34823 3436 30 . . . 34823 3437 1 In in IN 34823 3437 2 his -PRON- PRP$ 34823 3437 3 _ _ NNP 34823 3437 4 Elementary Elementary NNP 34823 3437 5 Principles Principles NNPS 34823 3437 6 of of IN 34823 3437 7 Economics Economics NNP 34823 3437 8 _ _ NNP 34823 3437 9 ( ( -LRB- 34823 3437 10 ed ed NNP 34823 3437 11 . . . 34823 3438 1 1912 1912 LS 34823 3438 2 ) ) -RRB- 34823 3438 3 after after IN 34823 3438 4 giving give VBG 34823 3438 5 a a DT 34823 3438 6 table table NN 34823 3438 7 showing show VBG 34823 3438 8 in in IN 34823 3438 9 figures figure NNS 34823 3438 10 the the DT 34823 3438 11 difference difference NN 34823 3438 12 made make VBN 34823 3438 13 in in IN 34823 3438 14 different different JJ 34823 3438 15 capital capital NN 34823 3438 16 prices price NNS 34823 3438 17 by by IN 34823 3438 18 different different JJ 34823 3438 19 rates rate NNS 34823 3438 20 of of IN 34823 3438 21 interest interest NN 34823 3438 22 ( ( -LRB- 34823 3438 23 p. p. NN 34823 3438 24 125 125 CD 34823 3438 25 ) ) -RRB- 34823 3438 26 he -PRON- PRP 34823 3438 27 states state VBZ 34823 3438 28 ( ( -LRB- 34823 3438 29 126 126 CD 34823 3438 30 ) ) -RRB- 34823 3438 31 : : : 34823 3438 32 " " `` 34823 3438 33 If if IN 34823 3438 34 the the DT 34823 3438 35 value value NN 34823 3438 36 of of IN 34823 3438 37 the the DT 34823 3438 38 benefits benefit NNS 34823 3438 39 derivable derivable JJ 34823 3438 40 from from IN 34823 3438 41 these these DT 34823 3438 42 various various JJ 34823 3438 43 articles article NNS 34823 3438 44 continues continue VBZ 34823 3438 45 in in IN 34823 3438 46 each each DT 34823 3438 47 case case NN 34823 3438 48 uniform uniform NN 34823 3438 49 , , , 34823 3438 50 but but CC 34823 3438 51 the the DT 34823 3438 52 rate rate NN 34823 3438 53 of of IN 34823 3438 54 interest interest NN 34823 3438 55 is be VBZ 34823 3438 56 suddenly suddenly RB 34823 3438 57 cut cut VBN 34823 3438 58 down down RP 34823 3438 59 from from IN 34823 3438 60 5 5 CD 34823 3438 61 % % NN 34823 3438 62 to to TO 34823 3438 63 2 2 CD 34823 3438 64 - - SYM 34823 3438 65 1/2 1/2 CD 34823 3438 66 % % NN 34823 3438 67 , , , 34823 3438 68 there there EX 34823 3438 69 will will MD 34823 3438 70 result result VB 34823 3438 71 a a DT 34823 3438 72 general general JJ 34823 3438 73 increase increase NN 34823 3438 74 in in IN 34823 3438 75 the the DT 34823 3438 76 capital capital NN 34823 3438 77 values value NNS 34823 3438 78 , , , 34823 3438 79 but but CC 34823 3438 80 a a DT 34823 3438 81 very very RB 34823 3438 82 different different JJ 34823 3438 83 increase increase NN 34823 3438 84 for for IN 34823 3438 85 the the DT 34823 3438 86 different different JJ 34823 3438 87 articles article NNS 34823 3438 88 . . . 34823 3439 1 The the DT 34823 3439 2 more more RBR 34823 3439 3 enduring enduring JJ 34823 3439 4 ones one NNS 34823 3439 5 will will MD 34823 3439 6 be be VB 34823 3439 7 affected affect VBN 34823 3439 8 the the DT 34823 3439 9 most most JJS 34823 3439 10 . . . 34823 3439 11 " " '' 34823 3440 1 And and CC 34823 3440 2 in in IN 34823 3440 3 his -PRON- PRP$ 34823 3440 4 book book NN 34823 3440 5 , , , 34823 3440 6 _ _ NNP 34823 3440 7 The the DT 34823 3440 8 Rate Rate NNP 34823 3440 9 of of IN 34823 3440 10 Interest Interest NNP 34823 3440 11 _ _ NNP 34823 3440 12 : : : 34823 3440 13 " " `` 34823 3440 14 The the DT 34823 3440 15 orchard orchard NN 34823 3440 16 whose whose WP$ 34823 3440 17 yield yield NN 34823 3440 18 of of IN 34823 3440 19 apples apple NNS 34823 3440 20 should should MD 34823 3440 21 increase increase VB 34823 3440 22 from from IN 34823 3440 23 $ $ $ 34823 3440 24 1,000 1,000 CD 34823 3440 25 worth worth NN 34823 3440 26 to to IN 34823 3440 27 $ $ $ 34823 3440 28 2,000 2,000 CD 34823 3440 29 worth worth JJ 34823 3440 30 would would MD 34823 3440 31 itself -PRON- PRP 34823 3440 32 correspondingly correspondingly RB 34823 3440 33 increase increase VB 34823 3440 34 in in IN 34823 3440 35 value value NN 34823 3440 36 from from IN 34823 3440 37 , , , 34823 3440 38 say say UH 34823 3440 39 , , , 34823 3440 40 $ $ $ 34823 3440 41 20,000 20,000 CD 34823 3440 42 to to IN 34823 3440 43 something something NN 34823 3440 44 like like IN 34823 3440 45 $ $ $ 34823 3440 46 40,000 40,000 CD 34823 3440 47 and and CC 34823 3440 48 the the DT 34823 3440 49 ratio ratio NN 34823 3440 50 of of IN 34823 3440 51 the the DT 34823 3440 52 income income NN 34823 3440 53 to to IN 34823 3440 54 the the DT 34823 3440 55 capital capital NN 34823 3440 56 value value NN 34823 3440 57 , , , 34823 3440 58 would would MD 34823 3440 59 remain remain VB 34823 3440 60 about about IN 34823 3440 61 as as IN 34823 3440 62 before before RB 34823 3440 63 , , , 34823 3440 64 namely namely RB 34823 3440 65 , , , 34823 3440 66 5 5 CD 34823 3440 67 % % NN 34823 3440 68 . . . 34823 3440 69 " " '' 34823 3441 1 ( ( -LRB- 34823 3441 2 P. P. NNP 34823 3442 1 15 15 CD 34823 3442 2 . . . 34823 3442 3 ) ) -RRB- 34823 3443 1 On on IN 34823 3443 2 the the DT 34823 3443 3 next next JJ 34823 3443 4 page page NN 34823 3443 5 , , , 34823 3443 6 he -PRON- PRP 34823 3443 7 generalizes generalize VBZ 34823 3443 8 his -PRON- PRP$ 34823 3443 9 notion notion NN 34823 3443 10 : : : 34823 3443 11 " " `` 34823 3443 12 One one PRP 34823 3443 13 can can MD 34823 3443 14 not not RB 34823 3443 15 escape escape VB 34823 3443 16 this this DT 34823 3443 17 conclusion conclusion NN 34823 3443 18 ( ( -LRB- 34823 3443 19 as as IN 34823 3443 20 has have VBZ 34823 3443 21 sometimes sometimes RB 34823 3443 22 been be VBN 34823 3443 23 attempted attempt VBN 34823 3443 24 ) ) -RRB- 34823 3443 25 by by IN 34823 3443 26 supposing suppose VBG 34823 3443 27 the the DT 34823 3443 28 increasing increase VBG 34823 3443 29 productivity productivity NN 34823 3443 30 to to TO 34823 3443 31 be be VB 34823 3443 32 universal universal JJ 34823 3443 33 . . . 34823 3444 1 It -PRON- PRP 34823 3444 2 has have VBZ 34823 3444 3 been be VBN 34823 3444 4 asserted assert VBN 34823 3444 5 , , , 34823 3444 6 in in IN 34823 3444 7 substance substance NN 34823 3444 8 , , , 34823 3444 9 that that IN 34823 3444 10 though though IN 34823 3444 11 an an DT 34823 3444 12 increase increase NN 34823 3444 13 in in IN 34823 3444 14 the the DT 34823 3444 15 productivity productivity NN 34823 3444 16 of of IN 34823 3444 17 one one CD 34823 3444 18 orchard orchard NN 34823 3444 19 would would MD 34823 3444 20 not not RB 34823 3444 21 affect affect VB 34823 3444 22 the the DT 34823 3444 23 total total JJ 34823 3444 24 productivity productivity NN 34823 3444 25 of of IN 34823 3444 26 capital capital NN 34823 3444 27 , , , 34823 3444 28 and and CC 34823 3444 29 hence hence RB 34823 3444 30 would would MD 34823 3444 31 not not RB 34823 3444 32 appreciably appreciably RB 34823 3444 33 affect affect VB 34823 3444 34 the the DT 34823 3444 35 rate rate NN 34823 3444 36 of of IN 34823 3444 37 interest interest NN 34823 3444 38 , , , 34823 3444 39 yet yet RB 34823 3444 40 , , , 34823 3444 41 if if IN 34823 3444 42 the the DT 34823 3444 43 productivity productivity NN 34823 3444 44 of of IN 34823 3444 45 all all PDT 34823 3444 46 the the DT 34823 3444 47 capital capital NN 34823 3444 48 in in IN 34823 3444 49 the the DT 34823 3444 50 world world NN 34823 3444 51 could could MD 34823 3444 52 be be VB 34823 3444 53 doubled double VBN 34823 3444 54 , , , 34823 3444 55 the the DT 34823 3444 56 rate rate NN 34823 3444 57 of of IN 34823 3444 58 interest interest NN 34823 3444 59 would would MD 34823 3444 60 be be VB 34823 3444 61 doubled double VBN 34823 3444 62 . . . 34823 3445 1 It -PRON- PRP 34823 3445 2 is be VBZ 34823 3445 3 true true JJ 34823 3445 4 that that IN 34823 3445 5 doubling double VBG 34823 3445 6 the the DT 34823 3445 7 productivity productivity NN 34823 3445 8 of of IN 34823 3445 9 the the DT 34823 3445 10 world world NN 34823 3445 11 's 's POS 34823 3445 12 capital capital NN 34823 3445 13 would would MD 34823 3445 14 not not RB 34823 3445 15 be be VB 34823 3445 16 entirely entirely RB 34823 3445 17 without without IN 34823 3445 18 effect effect NN 34823 3445 19 upon upon IN 34823 3445 20 the the DT 34823 3445 21 rate rate NN 34823 3445 22 of of IN 34823 3445 23 interest interest NN 34823 3445 24 ; ; : 34823 3445 25 but but CC 34823 3445 26 this this DT 34823 3445 27 effect effect NN 34823 3445 28 would would MD 34823 3445 29 not not RB 34823 3445 30 be be VB 34823 3445 31 in in IN 34823 3445 32 the the DT 34823 3445 33 simple simple JJ 34823 3445 34 direct direct JJ 34823 3445 35 ratio ratio NN 34823 3445 36 supposed suppose VBN 34823 3445 37 . . . 34823 3446 1 Indeed indeed RB 34823 3446 2 , , , 34823 3446 3 an an DT 34823 3446 4 increase increase NN 34823 3446 5 of of IN 34823 3446 6 the the DT 34823 3446 7 productivity productivity NN 34823 3446 8 of of IN 34823 3446 9 capital capital NN 34823 3446 10 would would MD 34823 3446 11 probably probably RB 34823 3446 12 result result VB 34823 3446 13 in in IN 34823 3446 14 a a DT 34823 3446 15 decrease decrease NN 34823 3446 16 , , , 34823 3446 17 instead instead RB 34823 3446 18 of of IN 34823 3446 19 an an DT 34823 3446 20 increase increase NN 34823 3446 21 , , , 34823 3446 22 of of IN 34823 3446 23 the the DT 34823 3446 24 rate rate NN 34823 3446 25 of of IN 34823 3446 26 interest interest NN 34823 3446 27 . . . 34823 3447 1 _ _ NNP 34823 3447 2 To to TO 34823 3447 3 double double VB 34823 3447 4 the the DT 34823 3447 5 productivity productivity NN 34823 3447 6 of of IN 34823 3447 7 capital capital NN 34823 3447 8 might may MD 34823 3447 9 more more RBR 34823 3447 10 than than IN 34823 3447 11 double double VB 34823 3447 12 the the DT 34823 3447 13 value value NN 34823 3447 14 of of IN 34823 3447 15 the the DT 34823 3447 16 capital capital NN 34823 3447 17 . . . 34823 3447 18 _ _ NNP 34823 3447 19 " " '' 34823 3447 20 ( ( -LRB- 34823 3447 21 _ _ NNP 34823 3447 22 Rate Rate NNP 34823 3447 23 of of IN 34823 3447 24 Interest Interest NNP 34823 3447 25 _ _ NNP 34823 3447 26 , , , 34823 3447 27 p. p. NN 34823 3448 1 16 16 CD 34823 3448 2 . . . 34823 3449 1 ) ) -RRB- 34823 3449 2 [ [ -LRB- 34823 3449 3 341 341 CD 34823 3449 4 ] ] -RRB- 34823 3449 5 Fisher Fisher NNP 34823 3449 6 reiterates reiterate VBZ 34823 3449 7 this this DT 34823 3449 8 doctrine doctrine NN 34823 3449 9 in in IN 34823 3449 10 his -PRON- PRP$ 34823 3449 11 reply reply NN 34823 3449 12 to to IN 34823 3449 13 Seager Seager NNP 34823 3449 14 , , , 34823 3449 15 in in IN 34823 3449 16 the the DT 34823 3449 17 _ _ NNP 34823 3449 18 American American NNP 34823 3449 19 Economic Economic NNP 34823 3449 20 Review Review NNP 34823 3449 21 _ _ NNP 34823 3449 22 , , , 34823 3449 23 Sept. September NNP 34823 3449 24 1913 1913 CD 34823 3449 25 , , , 34823 3449 26 pp pp NNP 34823 3449 27 . . . 34823 3450 1 614 614 CD 34823 3450 2 - - SYM 34823 3450 3 615 615 CD 34823 3450 4 . . . 34823 3451 1 Now now RB 34823 3451 2 my -PRON- PRP$ 34823 3451 3 concern concern NN 34823 3451 4 here here RB 34823 3451 5 is be VBZ 34823 3451 6 not not RB 34823 3451 7 with with IN 34823 3451 8 the the DT 34823 3451 9 points point NNS 34823 3451 10 at at IN 34823 3451 11 issue issue NN 34823 3451 12 as as IN 34823 3451 13 between between IN 34823 3451 14 Fisher Fisher NNP 34823 3451 15 and and CC 34823 3451 16 Seager seager NN 34823 3451 17 : : : 34823 3451 18 the the DT 34823 3451 19 " " `` 34823 3451 20 impatience impatience NN 34823 3451 21 " " '' 34823 3451 22 vs. vs. FW 34823 3451 23 the the DT 34823 3451 24 " " `` 34823 3451 25 productivity productivity NN 34823 3451 26 " " '' 34823 3451 27 theories theory NNS 34823 3451 28 of of IN 34823 3451 29 interest interest NN 34823 3451 30 . . . 34823 3452 1 For for IN 34823 3452 2 the the DT 34823 3452 3 present present NN 34823 3452 4 , , , 34823 3452 5 I -PRON- PRP 34823 3452 6 shall shall MD 34823 3452 7 accept accept VB 34823 3452 8 Fisher Fisher NNP 34823 3452 9 's 's POS 34823 3452 10 doctrine doctrine NN 34823 3452 11 on on IN 34823 3452 12 that that DT 34823 3452 13 point point NN 34823 3452 14 as as IN 34823 3452 15 true true JJ 34823 3452 16 . . . 34823 3453 1 [ [ -LRB- 34823 3453 2 342 342 CD 34823 3453 3 ] ] -RRB- 34823 3453 4 I -PRON- PRP 34823 3453 5 am be VBP 34823 3453 6 here here RB 34823 3453 7 interested interested JJ 34823 3453 8 in in IN 34823 3453 9 Fisher Fisher NNP 34823 3453 10 's 's POS 34823 3453 11 doctrine doctrine NN 34823 3453 12 that that IN 34823 3453 13 a a DT 34823 3453 14 doubling doubling NN 34823 3453 15 of of IN 34823 3453 16 the the DT 34823 3453 17 general general JJ 34823 3453 18 productivity productivity NN 34823 3453 19 of of IN 34823 3453 20 capital capital NN 34823 3453 21 would would MD 34823 3453 22 double double VB 34823 3453 23 , , , 34823 3453 24 or or CC 34823 3453 25 more more JJR 34823 3453 26 than than IN 34823 3453 27 double double JJ 34823 3453 28 , , , 34823 3453 29 the the DT 34823 3453 30 prices price NNS 34823 3453 31 of of IN 34823 3453 32 capital capital NN 34823 3453 33 instruments instrument NNS 34823 3453 34 , , , 34823 3453 35 including include VBG 34823 3453 36 land land NN 34823 3453 37 . . . 34823 3454 1 How how WRB 34823 3454 2 is be VBZ 34823 3454 3 such such PDT 34823 3454 4 a a DT 34823 3454 5 general general JJ 34823 3454 6 rise rise NN 34823 3454 7 in in IN 34823 3454 8 prices price NNS 34823 3454 9 possible possible JJ 34823 3454 10 , , , 34823 3454 11 if if IN 34823 3454 12 the the DT 34823 3454 13 quantity quantity NN 34823 3454 14 theory theory NN 34823 3454 15 be be VB 34823 3454 16 true true JJ 34823 3454 17 ? ? . 34823 3455 1 Is be VBZ 34823 3455 2 not not RB 34823 3455 3 this this DT 34823 3455 4 a a DT 34823 3455 5 rise rise NN 34823 3455 6 in in IN 34823 3455 7 general general JJ 34823 3455 8 prices price NNS 34823 3455 9 from from IN 34823 3455 10 causes cause NNS 34823 3455 11 outside outside IN 34823 3455 12 the the DT 34823 3455 13 equation equation NN 34823 3455 14 of of IN 34823 3455 15 exchange exchange NN 34823 3455 16 ? ? . 34823 3456 1 That that IN 34823 3456 2 Fisher Fisher NNP 34823 3456 3 means mean VBZ 34823 3456 4 the the DT 34823 3456 5 _ _ NNP 34823 3456 6 money money NN 34823 3456 7 - - HYPH 34823 3456 8 prices price NNS 34823 3456 9 _ _ NNP 34823 3456 10 of of IN 34823 3456 11 capital capital NN 34823 3456 12 goods good NNS 34823 3456 13 when when WRB 34823 3456 14 he -PRON- PRP 34823 3456 15 speaks speak VBZ 34823 3456 16 of of IN 34823 3456 17 capital capital NN 34823 3456 18 - - HYPH 34823 3456 19 values value NNS 34823 3456 20 is be VBZ 34823 3456 21 perfectly perfectly RB 34823 3456 22 clear clear JJ 34823 3456 23 . . . 34823 3457 1 In in IN 34823 3457 2 the the DT 34823 3457 3 second second JJ 34823 3457 4 quotation quotation NN 34823 3457 5 , , , 34823 3457 6 he -PRON- PRP 34823 3457 7 speaks speak VBZ 34823 3457 8 of of IN 34823 3457 9 " " `` 34823 3457 10 capital capital NN 34823 3457 11 - - HYPH 34823 3457 12 value value NN 34823 3457 13 of of IN 34823 3457 14 $ $ $ 34823 3457 15 40,000 40,000 CD 34823 3457 16 " " '' 34823 3457 17 , , , 34823 3457 18 and and CC 34823 3457 19 in in IN 34823 3457 20 general general JJ 34823 3457 21 , , , 34823 3457 22 his -PRON- PRP$ 34823 3457 23 definition definition NN 34823 3457 24 of of IN 34823 3457 25 value value NN 34823 3457 26 runs run VBZ 34823 3457 27 in in IN 34823 3457 28 terms term NNS 34823 3457 29 of of IN 34823 3457 30 _ _ NNP 34823 3457 31 price price NN 34823 3457 32 _ _ NNP 34823 3457 33 ( ( -LRB- 34823 3457 34 _ _ NNP 34823 3457 35 e e NNP 34823 3457 36 . . . 34823 3458 1 g. g. NNP 34823 3458 2 , , , 34823 3458 3 Purchasing Purchasing NNP 34823 3458 4 Power Power NNP 34823 3458 5 of of IN 34823 3458 6 Money Money NNP 34823 3458 7 , , , 34823 3458 8 _ _ NNP 34823 3458 9 pp pp NNP 34823 3458 10 . . . 34823 3459 1 3 3 CD 34823 3459 2 - - SYM 34823 3459 3 4 4 CD 34823 3459 4 , , , 34823 3459 5 and and CC 34823 3459 6 _ _ NNP 34823 3459 7 Elementary Elementary NNP 34823 3459 8 Principles Principles NNPS 34823 3459 9 _ _ NNP 34823 3459 10 , , , 34823 3459 11 p. p. NN 34823 3459 12 17 17 CD 34823 3459 13 ) ) -RRB- 34823 3459 14 . . . 34823 3460 1 Fisher Fisher NNP 34823 3460 2 has have VBZ 34823 3460 3 no no DT 34823 3460 4 absolute absolute JJ 34823 3460 5 value value NN 34823 3460 6 concept concept NN 34823 3460 7 in in IN 34823 3460 8 his -PRON- PRP$ 34823 3460 9 system system NN 34823 3460 10 . . . 34823 3461 1 We -PRON- PRP 34823 3461 2 have have VBP 34823 3461 3 in in IN 34823 3461 4 the the DT 34823 3461 5 passages passage NNS 34823 3461 6 cited cite VBD 34823 3461 7 two two CD 34823 3461 8 doctrines doctrine NNS 34823 3461 9 , , , 34823 3461 10 both both DT 34823 3461 11 of of IN 34823 3461 12 which which WDT 34823 3461 13 contradict contradict VBP 34823 3461 14 the the DT 34823 3461 15 quantity quantity NN 34823 3461 16 theory theory NN 34823 3461 17 : : : 34823 3461 18 ( ( -LRB- 34823 3461 19 1 1 LS 34823 3461 20 ) ) -RRB- 34823 3461 21 that that IN 34823 3461 22 a a DT 34823 3461 23 reduction reduction NN 34823 3461 24 in in IN 34823 3461 25 the the DT 34823 3461 26 rate rate NN 34823 3461 27 of of IN 34823 3461 28 interest interest NN 34823 3461 29 will will MD 34823 3461 30 raise raise VB 34823 3461 31 capital capital NN 34823 3461 32 - - HYPH 34823 3461 33 prices price NNS 34823 3461 34 ( ( -LRB- 34823 3461 35 which which WDT 34823 3461 36 are be VBP 34823 3461 37 the the DT 34823 3461 38 largest large JJS 34823 3461 39 factor factor NN 34823 3461 40 by by IN 34823 3461 41 far far RB 34823 3461 42 in in IN 34823 3461 43 the the DT 34823 3461 44 price price NN 34823 3461 45 - - HYPH 34823 3461 46 level level NN 34823 3461 47 ) ) -RRB- 34823 3461 48 , , , 34823 3461 49 and and CC 34823 3461 50 ( ( -LRB- 34823 3461 51 2 2 LS 34823 3461 52 ) ) -RRB- 34823 3461 53 that that IN 34823 3461 54 an an DT 34823 3461 55 increase increase NN 34823 3461 56 in in IN 34823 3461 57 the the DT 34823 3461 58 product product NN 34823 3461 59 of of IN 34823 3461 60 capital capital NN 34823 3461 61 goods good NNS 34823 3461 62 means mean VBZ 34823 3461 63 , , , 34823 3461 64 not not RB 34823 3461 65 only only RB 34823 3461 66 more more JJR 34823 3461 67 money money NN 34823 3461 68 paid pay VBN 34823 3461 69 for for IN 34823 3461 70 the the DT 34823 3461 71 products product NNS 34823 3461 72 , , , 34823 3461 73 but but CC 34823 3461 74 also also RB 34823 3461 75 more more JJR 34823 3461 76 money money NN 34823 3461 77 paid pay VBN 34823 3461 78 for for IN 34823 3461 79 the the DT 34823 3461 80 production production NN 34823 3461 81 - - HYPH 34823 3461 82 goods good NNS 34823 3461 83 . . . 34823 3462 1 Incidentally incidentally RB 34823 3462 2 , , , 34823 3462 3 the the DT 34823 3462 4 general general JJ 34823 3462 5 imputation imputation NN 34823 3462 6 theory theory NN 34823 3462 7 would would MD 34823 3462 8 call call VB 34823 3462 9 for for IN 34823 3462 10 more more JJR 34823 3462 11 money money NN 34823 3462 12 paid pay VBN 34823 3462 13 to to IN 34823 3462 14 laborers laborer NNS 34823 3462 15 as as RB 34823 3462 16 well well RB 34823 3462 17 . . . 34823 3463 1 How how WRB 34823 3463 2 can can MD 34823 3463 3 all all PDT 34823 3463 4 this this DT 34823 3463 5 be be VB 34823 3463 6 , , , 34823 3463 7 on on IN 34823 3463 8 the the DT 34823 3463 9 quantity quantity NN 34823 3463 10 theory theory NN 34823 3463 11 ? ? . 34823 3464 1 And and CC 34823 3464 2 what what WP 34823 3464 3 can can MD 34823 3464 4 the the DT 34823 3464 5 poor poor JJ 34823 3464 6 equation equation NN 34823 3464 7 of of IN 34823 3464 8 exchange exchange NNP 34823 3464 9 do do VBP 34823 3464 10 in in IN 34823 3464 11 such such PDT 34823 3464 12 a a DT 34823 3464 13 case case NN 34823 3464 14 , , , 34823 3464 15 if if IN 34823 3464 16 money money NN 34823 3464 17 does do VBZ 34823 3464 18 not not RB 34823 3464 19 increase increase VB 34823 3464 20 , , , 34823 3464 21 if if IN 34823 3464 22 bank bank NN 34823 3464 23 - - HYPH 34823 3464 24 credit credit NN 34823 3464 25 is be VBZ 34823 3464 26 limited limit VBN 34823 3464 27 by by IN 34823 3464 28 money money NN 34823 3464 29 , , , 34823 3464 30 if if IN 34823 3464 31 velocities velocity NNS 34823 3464 32 of of IN 34823 3464 33 circulation circulation NN 34823 3464 34 are be VBP 34823 3464 35 fixed fix VBN 34823 3464 36 by by IN 34823 3464 37 individual individual JJ 34823 3464 38 habits habit NNS 34823 3464 39 and and CC 34823 3464 40 convenience convenience NN 34823 3464 41 , , , 34823 3464 42 if if IN 34823 3464 43 trade trade NN 34823 3464 44 _ _ NNP 34823 3464 45 increases increase VBZ 34823 3464 46 _ _ NNP 34823 3464 47 as as IN 34823 3464 48 a a DT 34823 3464 49 consequence consequence NN 34823 3464 50 of of IN 34823 3464 51 the the DT 34823 3464 52 increased increase VBN 34823 3464 53 number number NN 34823 3464 54 of of IN 34823 3464 55 goods good NNS 34823 3464 56 produced produce VBN 34823 3464 57 , , , 34823 3464 58 and and CC 34823 3464 59 if if IN 34823 3464 60 prices price NNS 34823 3464 61 rise rise VBP 34823 3464 62 ? ? . 34823 3465 1 It -PRON- PRP 34823 3465 2 will will MD 34823 3465 3 not not RB 34823 3465 4 help help VB 34823 3465 5 much much JJ 34823 3465 6 to to TO 34823 3465 7 assume assume VB 34823 3465 8 that that IN 34823 3465 9 the the DT 34823 3465 10 productivity productivity NN 34823 3465 11 of of IN 34823 3465 12 gold gold NN 34823 3465 13 mines mine NNS 34823 3465 14 is be VBZ 34823 3465 15 doubled double VBN 34823 3465 16 also also RB 34823 3465 17 . . . 34823 3466 1 The the DT 34823 3466 2 quantity quantity NN 34823 3466 3 of of IN 34823 3466 4 money money NN 34823 3466 5 does do VBZ 34823 3466 6 not not RB 34823 3466 7 depend depend VB 34823 3466 8 very very RB 34823 3466 9 much much RB 34823 3466 10 on on IN 34823 3466 11 the the DT 34823 3466 12 annual annual JJ 34823 3466 13 production production NN 34823 3466 14 of of IN 34823 3466 15 gold gold NN 34823 3466 16 . . . 34823 3467 1 Besides besides RB 34823 3467 2 , , , 34823 3467 3 money money NN 34823 3467 4 need need VBP 34823 3467 5 not not RB 34823 3467 6 , , , 34823 3467 7 from from IN 34823 3467 8 the the DT 34823 3467 9 standpoint standpoint NN 34823 3467 10 of of IN 34823 3467 11 the the DT 34823 3467 12 quantity quantity NN 34823 3467 13 theory theory NN 34823 3467 14 , , , 34823 3467 15 be be VB 34823 3467 16 made make VBN 34823 3467 17 of of IN 34823 3467 18 gold gold NN 34823 3467 19 . . . 34823 3468 1 It -PRON- PRP 34823 3468 2 might may MD 34823 3468 3 be be VB 34823 3468 4 irredeemable irredeemable JJ 34823 3468 5 Greenbacks Greenbacks NNP 34823 3468 6 , , , 34823 3468 7 fixed fix VBN 34823 3468 8 in in IN 34823 3468 9 quantity quantity NN 34823 3468 10 by by IN 34823 3468 11 law law NN 34823 3468 12 , , , 34823 3468 13 or or CC 34823 3468 14 even even RB 34823 3468 15 dodo dodo NN 34823 3468 16 - - HYPH 34823 3468 17 bones bone NNS 34823 3468 18 ! ! . 34823 3469 1 Would Would MD 34823 3469 2 not not RB 34823 3469 3 the the DT 34823 3469 4 capitalization capitalization NN 34823 3469 5 theory theory NN 34823 3469 6 apply apply VB 34823 3469 7 in in IN 34823 3469 8 the the DT 34823 3469 9 Greenback Greenback NNP 34823 3469 10 Period Period NNP 34823 3469 11 ? ? . 34823 3470 1 I -PRON- PRP 34823 3470 2 shall shall MD 34823 3470 3 not not RB 34823 3470 4 try try VB 34823 3470 5 to to TO 34823 3470 6 solve solve VB 34823 3470 7 the the DT 34823 3470 8 riddle riddle NN 34823 3470 9 . . . 34823 3471 1 I -PRON- PRP 34823 3471 2 am be VBP 34823 3471 3 not not RB 34823 3471 4 responsible responsible JJ 34823 3471 5 for for IN 34823 3471 6 it -PRON- PRP 34823 3471 7 ! ! . 34823 3472 1 The the DT 34823 3472 2 conflict conflict NN 34823 3472 3 between between IN 34823 3472 4 the the DT 34823 3472 5 capitalization capitalization NN 34823 3472 6 theory theory NN 34823 3472 7 and and CC 34823 3472 8 the the DT 34823 3472 9 quantity quantity NN 34823 3472 10 theory theory NN 34823 3472 11 may may MD 34823 3472 12 be be VB 34823 3472 13 more more RBR 34823 3472 14 simply simply RB 34823 3472 15 stated state VBN 34823 3472 16 . . . 34823 3473 1 Assume assume VB 34823 3473 2 that that IN 34823 3473 3 the the DT 34823 3473 4 prices price NNS 34823 3473 5 of of IN 34823 3473 6 consumers consumer NNS 34823 3473 7 ' ' POS 34823 3473 8 goods good NNS 34823 3473 9 and and CC 34823 3473 10 services service NNS 34823 3473 11 rise rise VBP 34823 3473 12 , , , 34823 3473 13 quantity quantity NN 34823 3473 14 of of IN 34823 3473 15 money money NN 34823 3473 16 and and CC 34823 3473 17 volume volume NN 34823 3473 18 of of IN 34823 3473 19 exchanges exchange NNS 34823 3473 20 remaining remain VBG 34823 3473 21 unchanged unchanged JJ 34823 3473 22 . . . 34823 3474 1 On on IN 34823 3474 2 the the DT 34823 3474 3 quantity quantity NN 34823 3474 4 theory theory NN 34823 3474 5 , , , 34823 3474 6 other other JJ 34823 3474 7 prices price NNS 34823 3474 8 , , , 34823 3474 9 the the DT 34823 3474 10 prices price NNS 34823 3474 11 of of IN 34823 3474 12 producers producer NNS 34823 3474 13 ' ' POS 34823 3474 14 goods good NNS 34823 3474 15 and and CC 34823 3474 16 services service NNS 34823 3474 17 , , , 34823 3474 18 lands land NNS 34823 3474 19 , , , 34823 3474 20 and and CC 34823 3474 21 securities security NNS 34823 3474 22 , , , 34823 3474 23 would would MD 34823 3474 24 have have VB 34823 3474 25 to to TO 34823 3474 26 come come VB 34823 3474 27 down down RP 34823 3474 28 enough enough RB 34823 3474 29 to to TO 34823 3474 30 compensate compensate VB 34823 3474 31 , , , 34823 3474 32 in in IN 34823 3474 33 order order NN 34823 3474 34 that that IN 34823 3474 35 the the DT 34823 3474 36 price price NN 34823 3474 37 - - HYPH 34823 3474 38 level level NN 34823 3474 39 might may MD 34823 3474 40 remain remain VB 34823 3474 41 unchanged unchanged JJ 34823 3474 42 . . . 34823 3475 1 For for IN 34823 3475 2 the the DT 34823 3475 3 capitalization capitalization NN 34823 3475 4 theory theory NN 34823 3475 5 , , , 34823 3475 6 however however RB 34823 3475 7 , , , 34823 3475 8 the the DT 34823 3475 9 prices price NNS 34823 3475 10 of of IN 34823 3475 11 lands land NNS 34823 3475 12 , , , 34823 3475 13 securities security NNS 34823 3475 14 , , , 34823 3475 15 and and CC 34823 3475 16 long long JJ 34823 3475 17 time time NN 34823 3475 18 capital capital NN 34823 3475 19 goods good NNS 34823 3475 20 in in IN 34823 3475 21 general general JJ 34823 3475 22 would would MD 34823 3475 23 have have VB 34823 3475 24 to to TO 34823 3475 25 rise rise VB 34823 3475 26 , , , 34823 3475 27 since since IN 34823 3475 28 the the DT 34823 3475 29 incomes income NNS 34823 3475 30 on on IN 34823 3475 31 which which WDT 34823 3475 32 they -PRON- PRP 34823 3475 33 are be VBP 34823 3475 34 based base VBN 34823 3475 35 have have VBP 34823 3475 36 risen rise VBN 34823 3475 37 . . . 34823 3476 1 Wages wage NNS 34823 3476 2 of of IN 34823 3476 3 labor labor NN 34823 3476 4 engaged engage VBN 34823 3476 5 in in IN 34823 3476 6 making make VBG 34823 3476 7 consumers consumer NNS 34823 3476 8 ' ' POS 34823 3476 9 goods good NNS 34823 3476 10 would would MD 34823 3476 11 also also RB 34823 3476 12 have have VB 34823 3476 13 to to TO 34823 3476 14 rise rise VB 34823 3476 15 , , , 34823 3476 16 on on IN 34823 3476 17 the the DT 34823 3476 18 general general JJ 34823 3476 19 imputation imputation NN 34823 3476 20 theory theory NN 34823 3476 21 . . . 34823 3477 1 The the DT 34823 3477 2 quantity quantity NN 34823 3477 3 theory theory NN 34823 3477 4 conflicts conflict VBZ 34823 3477 5 with with IN 34823 3477 6 the the DT 34823 3477 7 capitalization capitalization NN 34823 3477 8 theory theory NN 34823 3477 9 . . . 34823 3478 1 The the DT 34823 3478 2 quantity quantity NN 34823 3478 3 theory theory NN 34823 3478 4 as as IN 34823 3478 5 presented present VBN 34823 3478 6 by by IN 34823 3478 7 Fisher Fisher NNP 34823 3478 8 conflicts conflict NNS 34823 3478 9 with with IN 34823 3478 10 the the DT 34823 3478 11 capitalization capitalization NN 34823 3478 12 theory theory NN 34823 3478 13 as as IN 34823 3478 14 presented present VBN 34823 3478 15 by by IN 34823 3478 16 Fisher Fisher NNP 34823 3478 17 . . . 34823 3479 1 Which which WDT 34823 3479 2 theory theory NN 34823 3479 3 is be VBZ 34823 3479 4 true true JJ 34823 3479 5 ? ? . 34823 3480 1 Would Would MD 34823 3480 2 prices price NNS 34823 3480 3 rise rise VB 34823 3480 4 thus thus RB 34823 3480 5 , , , 34823 3480 6 or or CC 34823 3480 7 would would MD 34823 3480 8 they -PRON- PRP 34823 3480 9 be be VB 34823 3480 10 held hold VBN 34823 3480 11 down down RP 34823 3480 12 in in IN 34823 3480 13 some some DT 34823 3480 14 way way NN 34823 3480 15 by by IN 34823 3480 16 the the DT 34823 3480 17 limitations limitation NNS 34823 3480 18 on on IN 34823 3480 19 the the DT 34823 3480 20 quantity quantity NN 34823 3480 21 of of IN 34823 3480 22 money money NN 34823 3480 23 ? ? . 34823 3481 1 I -PRON- PRP 34823 3481 2 hold hold VBP 34823 3481 3 that that IN 34823 3481 4 I -PRON- PRP 34823 3481 5 have have VBP 34823 3481 6 already already RB 34823 3481 7 proved prove VBN 34823 3481 8 , , , 34823 3481 9 in in IN 34823 3481 10 the the DT 34823 3481 11 reasoning reasoning NN 34823 3481 12 given give VBN 34823 3481 13 in in IN 34823 3481 14 connection connection NN 34823 3481 15 with with IN 34823 3481 16 my -PRON- PRP$ 34823 3481 17 hypothetical hypothetical JJ 34823 3481 18 island island NN 34823 3481 19 , , , 34823 3481 20 and and CC 34823 3481 21 in in IN 34823 3481 22 the the DT 34823 3481 23 case case NN 34823 3481 24 of of IN 34823 3481 25 the the DT 34823 3481 26 South South NNP 34823 3481 27 with with IN 34823 3481 28 its -PRON- PRP$ 34823 3481 29 cotton cotton NN 34823 3481 30 , , , 34823 3481 31 that that IN 34823 3481 32 the the DT 34823 3481 33 capitalization capitalization NN 34823 3481 34 theory theory NN 34823 3481 35 tendency tendency NN 34823 3481 36 would would MD 34823 3481 37 prevail prevail VB 34823 3481 38 . . . 34823 3482 1 The the DT 34823 3482 2 prices price NNS 34823 3482 3 of of IN 34823 3482 4 products product NNS 34823 3482 5 rise rise VBP 34823 3482 6 , , , 34823 3482 7 and and CC 34823 3482 8 then then RB 34823 3482 9 the the DT 34823 3482 10 prices price NNS 34823 3482 11 of of IN 34823 3482 12 the the DT 34823 3482 13 labor labor NN 34823 3482 14 , , , 34823 3482 15 land land NN 34823 3482 16 , , , 34823 3482 17 and and CC 34823 3482 18 other other JJ 34823 3482 19 capital capital NN 34823 3482 20 goods good NNS 34823 3482 21 which which WDT 34823 3482 22 have have VBP 34823 3482 23 produced produce VBN 34823 3482 24 them -PRON- PRP 34823 3482 25 , , , 34823 3482 26 rise rise VB 34823 3482 27 , , , 34823 3482 28 the the DT 34823 3482 29 rise rise NN 34823 3482 30 in in IN 34823 3482 31 the the DT 34823 3482 32 prices price NNS 34823 3482 33 of of IN 34823 3482 34 the the DT 34823 3482 35 capital capital NN 34823 3482 36 goods good NNS 34823 3482 37 behaving behave VBG 34823 3482 38 in in IN 34823 3482 39 accordance accordance NN 34823 3482 40 with with IN 34823 3482 41 the the DT 34823 3482 42 laws law NNS 34823 3482 43 of of IN 34823 3482 44 the the DT 34823 3482 45 capitalization capitalization NN 34823 3482 46 theory theory NN 34823 3482 47 , , , 34823 3482 48 and and CC 34823 3482 49 all all DT 34823 3482 50 of of IN 34823 3482 51 the the DT 34823 3482 52 rises rise NNS 34823 3482 53 after after IN 34823 3482 54 the the DT 34823 3482 55 initial initial JJ 34823 3482 56 rise rise NN 34823 3482 57 in in IN 34823 3482 58 products product NNS 34823 3482 59 being be VBG 34823 3482 60 in in IN 34823 3482 61 accordance accordance NN 34823 3482 62 with with IN 34823 3482 63 the the DT 34823 3482 64 imputation imputation NN 34823 3482 65 theory theory NN 34823 3482 66 of of IN 34823 3482 67 the the DT 34823 3482 68 Austrians Austrians NNPS 34823 3482 69 . . . 34823 3483 1 This this DT 34823 3483 2 conflict conflict NN 34823 3483 3 suggests suggest VBZ 34823 3483 4 an an DT 34823 3483 5 interesting interesting JJ 34823 3483 6 point point NN 34823 3483 7 . . . 34823 3484 1 Various various JJ 34823 3484 2 elements element NNS 34823 3484 3 in in IN 34823 3484 4 our -PRON- PRP$ 34823 3484 5 economic economic JJ 34823 3484 6 theory theory NN 34823 3484 7 , , , 34823 3484 8 added add VBN 34823 3484 9 from from IN 34823 3484 10 time time NN 34823 3484 11 to to IN 34823 3484 12 time time NN 34823 3484 13 by by IN 34823 3484 14 different different JJ 34823 3484 15 writers writer NNS 34823 3484 16 , , , 34823 3484 17 have have VBP 34823 3484 18 necessarily necessarily RB 34823 3484 19 come come VBN 34823 3484 20 from from IN 34823 3484 21 different different JJ 34823 3484 22 philosophical philosophical JJ 34823 3484 23 and and CC 34823 3484 24 sociological sociological JJ 34823 3484 25 view view NN 34823 3484 26 - - HYPH 34823 3484 27 points point NNS 34823 3484 28 , , , 34823 3484 29 and and CC 34823 3484 30 have have VBP 34823 3484 31 behind behind IN 34823 3484 32 them -PRON- PRP 34823 3484 33 different different JJ 34823 3484 34 philosophical philosophical JJ 34823 3484 35 , , , 34823 3484 36 psychological psychological JJ 34823 3484 37 , , , 34823 3484 38 and and CC 34823 3484 39 sociological sociological JJ 34823 3484 40 assumptions assumption NNS 34823 3484 41 . . . 34823 3485 1 The the DT 34823 3485 2 quantity quantity NN 34823 3485 3 theory theory NN 34823 3485 4 , , , 34823 3485 5 developing develop VBG 34823 3485 6 , , , 34823 3485 7 as as IN 34823 3485 8 shown show VBN 34823 3485 9 in in IN 34823 3485 10 the the DT 34823 3485 11 chapter chapter NN 34823 3485 12 on on IN 34823 3485 13 " " `` 34823 3485 14 Supply Supply NNP 34823 3485 15 and and CC 34823 3485 16 Demand demand NN 34823 3485 17 and and CC 34823 3485 18 the the DT 34823 3485 19 Value Value NNP 34823 3485 20 of of IN 34823 3485 21 Money money NN 34823 3485 22 , , , 34823 3485 23 " " '' 34823 3485 24 largely largely RB 34823 3485 25 in in IN 34823 3485 26 isolation isolation NN 34823 3485 27 from from IN 34823 3485 28 the the DT 34823 3485 29 general general JJ 34823 3485 30 body body NN 34823 3485 31 of of IN 34823 3485 32 economic economic JJ 34823 3485 33 theory theory NN 34823 3485 34 , , , 34823 3485 35 has have VBZ 34823 3485 36 a a DT 34823 3485 37 background background NN 34823 3485 38 of of IN 34823 3485 39 psychological psychological JJ 34823 3485 40 and and CC 34823 3485 41 sociological sociological JJ 34823 3485 42 assumptions assumption NNS 34823 3485 43 quite quite RB 34823 3485 44 different different JJ 34823 3485 45 from from IN 34823 3485 46 that that DT 34823 3485 47 of of IN 34823 3485 48 many many JJ 34823 3485 49 other other JJ 34823 3485 50 doctrines doctrine NNS 34823 3485 51 . . . 34823 3486 1 In in IN 34823 3486 2 the the DT 34823 3486 3 chapter chapter NN 34823 3486 4 on on IN 34823 3486 5 " " `` 34823 3486 6 Dodo Dodo NNP 34823 3486 7 - - HYPH 34823 3486 8 Bones bone NNS 34823 3486 9 , , , 34823 3486 10 " " '' 34823 3486 11 I -PRON- PRP 34823 3486 12 stated state VBD 34823 3486 13 these these DT 34823 3486 14 assumptions assumption NNS 34823 3486 15 . . . 34823 3487 1 The the DT 34823 3487 2 quantity quantity NN 34823 3487 3 theory theory NN 34823 3487 4 rests rest VBZ 34823 3487 5 in in IN 34823 3487 6 a a DT 34823 3487 7 psychology psychology NN 34823 3487 8 of of IN 34823 3487 9 blind blind JJ 34823 3487 10 habit habit NN 34823 3487 11 . . . 34823 3488 1 It -PRON- PRP 34823 3488 2 assumes assume VBZ 34823 3488 3 a a DT 34823 3488 4 rigidity rigidity NN 34823 3488 5 in in IN 34823 3488 6 the the DT 34823 3488 7 social social JJ 34823 3488 8 system system NN 34823 3488 9 such such JJ 34823 3488 10 that that IN 34823 3488 11 it -PRON- PRP 34823 3488 12 might may MD 34823 3488 13 be be VB 34823 3488 14 likened liken VBN 34823 3488 15 to to IN 34823 3488 16 a a DT 34823 3488 17 machine machine NN 34823 3488 18 , , , 34823 3488 19 with with IN 34823 3488 20 a a DT 34823 3488 21 hopper hopper NN 34823 3488 22 into into IN 34823 3488 23 which which WDT 34823 3488 24 money money NN 34823 3488 25 is be VBZ 34823 3488 26 poured pour VBN 34823 3488 27 , , , 34823 3488 28 which which WDT 34823 3488 29 grinds grind VBZ 34823 3488 30 out out RP 34823 3488 31 prices price NNS 34823 3488 32 at at IN 34823 3488 33 the the DT 34823 3488 34 other other JJ 34823 3488 35 end end NN 34823 3488 36 . . . 34823 3489 1 I -PRON- PRP 34823 3489 2 set set VBD 34823 3489 3 this this DT 34823 3489 4 in in IN 34823 3489 5 contrast contrast NN 34823 3489 6 with with IN 34823 3489 7 the the DT 34823 3489 8 psychological psychological JJ 34823 3489 9 assumptions assumption NNS 34823 3489 10 underlying underlie VBG 34823 3489 11 the the DT 34823 3489 12 commodity commodity NN 34823 3489 13 theory theory NN 34823 3489 14 of of IN 34823 3489 15 money money NN 34823 3489 16 . . . 34823 3490 1 That that DT 34823 3490 2 theory theory NN 34823 3490 3 rests rest VBZ 34823 3490 4 on on IN 34823 3490 5 the the DT 34823 3490 6 " " `` 34823 3490 7 banker banker NN 34823 3490 8 's 's POS 34823 3490 9 psychology psychology NN 34823 3490 10 . . . 34823 3490 11 " " '' 34823 3491 1 It -PRON- PRP 34823 3491 2 assumes assume VBZ 34823 3491 3 a a DT 34823 3491 4 highly highly RB 34823 3491 5 reflective reflective JJ 34823 3491 6 and and CC 34823 3491 7 calculating calculate VBG 34823 3491 8 attitude attitude NN 34823 3491 9 on on IN 34823 3491 10 the the DT 34823 3491 11 part part NN 34823 3491 12 of of IN 34823 3491 13 economic economic JJ 34823 3491 14 men man NNS 34823 3491 15 , , , 34823 3491 16 with with IN 34823 3491 17 the the DT 34823 3491 18 disposition disposition NN 34823 3491 19 to to TO 34823 3491 20 look look VB 34823 3491 21 behind behind IN 34823 3491 22 appearances appearance NNS 34823 3491 23 for for IN 34823 3491 24 the the DT 34823 3491 25 security security NN 34823 3491 26 , , , 34823 3491 27 to to TO 34823 3491 28 test test VB 34823 3491 29 things thing NNS 34823 3491 30 out out RP 34823 3491 31 , , , 34823 3491 32 to to TO 34823 3491 33 get get VB 34823 3491 34 to to IN 34823 3491 35 bedrock bedrock VB 34823 3491 36 in in IN 34823 3491 37 business business NN 34823 3491 38 affairs affair NNS 34823 3491 39 . . . 34823 3492 1 Now now RB 34823 3492 2 the the DT 34823 3492 3 capitalization capitalization NN 34823 3492 4 theory theory NN 34823 3492 5 likewise likewise RB 34823 3492 6 assumes assume VBZ 34823 3492 7 this this DT 34823 3492 8 banker banker NN 34823 3492 9 's 's POS 34823 3492 10 psychology psychology NN 34823 3492 11 . . . 34823 3493 1 In in IN 34823 3493 2 its -PRON- PRP$ 34823 3493 3 refinements refinement NNS 34823 3493 4 , , , 34823 3493 5 as as IN 34823 3493 6 represented represent VBN 34823 3493 7 by by IN 34823 3493 8 the the DT 34823 3493 9 mathematical mathematical JJ 34823 3493 10 formulæ formulæ NN 34823 3493 11 in in IN 34823 3493 12 the the DT 34823 3493 13 appendices appendix NNS 34823 3493 14 of of IN 34823 3493 15 Fisher Fisher NNP 34823 3493 16 's 's POS 34823 3493 17 _ _ NNP 34823 3493 18 Rate Rate NNP 34823 3493 19 of of IN 34823 3493 20 Interest Interest NNP 34823 3493 21 _ _ NNP 34823 3493 22 , , , 34823 3493 23 it -PRON- PRP 34823 3493 24 assumes assume VBZ 34823 3493 25 a a DT 34823 3493 26 degree degree NN 34823 3493 27 of of IN 34823 3493 28 precision precision NN 34823 3493 29 in in IN 34823 3493 30 business business NN 34823 3493 31 calculation calculation NN 34823 3493 32 which which WDT 34823 3493 33 few few JJ 34823 3493 34 experts expert NNS 34823 3493 35 in in IN 34823 3493 36 bond bond NN 34823 3493 37 departments department NNS 34823 3493 38 apply apply VBP 34823 3493 39 , , , 34823 3493 40 and and CC 34823 3493 41 which which WDT 34823 3493 42 the the DT 34823 3493 43 highly highly RB 34823 3493 44 fluid fluid JJ 34823 3493 45 and and CC 34823 3493 46 alert alert JJ 34823 3493 47 dealers dealer NNS 34823 3493 48 in in IN 34823 3493 49 Wall Wall NNP 34823 3493 50 Street Street NNP 34823 3493 51 certainly certainly RB 34823 3493 52 have have VBP 34823 3493 53 not not RB 34823 3493 54 time time NN 34823 3493 55 for for IN 34823 3493 56 , , , 34823 3493 57 even even RB 34823 3493 58 if if IN 34823 3493 59 they -PRON- PRP 34823 3493 60 had have VBD 34823 3493 61 that that DT 34823 3493 62 degree degree NN 34823 3493 63 of of IN 34823 3493 64 mathematical mathematical JJ 34823 3493 65 knowledge knowledge NN 34823 3493 66 ! ! . 34823 3494 1 In in IN 34823 3494 2 practice practice NN 34823 3494 3 , , , 34823 3494 4 it -PRON- PRP 34823 3494 5 need nee MD 34823 3494 6 not not RB 34823 3494 7 be be VB 34823 3494 8 said say VBN 34823 3494 9 , , , 34823 3494 10 particularly particularly RB 34823 3494 11 in in IN 34823 3494 12 the the DT 34823 3494 13 case case NN 34823 3494 14 of of IN 34823 3494 15 the the DT 34823 3494 16 prices price NNS 34823 3494 17 of of IN 34823 3494 18 lands land NNS 34823 3494 19 , , , 34823 3494 20 the the DT 34823 3494 21 capitalization capitalization NN 34823 3494 22 theory theory NN 34823 3494 23 finds find VBZ 34823 3494 24 its -PRON- PRP$ 34823 3494 25 predictions prediction NNS 34823 3494 26 very very RB 34823 3494 27 imperfectly imperfectly RB 34823 3494 28 realized realize VBN 34823 3494 29 ! ! . 34823 3495 1 But but CC 34823 3495 2 the the DT 34823 3495 3 two two CD 34823 3495 4 theories theory NNS 34823 3495 5 , , , 34823 3495 6 resting rest VBG 34823 3495 7 in in IN 34823 3495 8 such such JJ 34823 3495 9 divergent divergent JJ 34823 3495 10 psychological psychological JJ 34823 3495 11 assumptions assumption NNS 34823 3495 12 , , , 34823 3495 13 may may MD 34823 3495 14 be be VB 34823 3495 15 expected expect VBN 34823 3495 16 , , , 34823 3495 17 _ _ NNP 34823 3495 18 a a DT 34823 3495 19 priori priori FW 34823 3495 20 _ _ NNP 34823 3495 21 , , , 34823 3495 22 to to IN 34823 3495 23 conflict conflict NN 34823 3495 24 . . . 34823 3496 1 That that IN 34823 3496 2 they -PRON- PRP 34823 3496 3 do do VBP 34823 3496 4 conflict conflict NN 34823 3496 5 is be VBZ 34823 3496 6 not not RB 34823 3496 7 remarkable remarkable JJ 34823 3496 8 . . . 34823 3497 1 I -PRON- PRP 34823 3497 2 shall shall MD 34823 3497 3 show show VB 34823 3497 4 a a DT 34823 3497 5 similar similar JJ 34823 3497 6 conflict conflict NN 34823 3497 7 between between IN 34823 3497 8 the the DT 34823 3497 9 quantity quantity NN 34823 3497 10 theory theory NN 34823 3497 11 and and CC 34823 3497 12 the the DT 34823 3497 13 law law NN 34823 3497 14 of of IN 34823 3497 15 costs cost NNS 34823 3497 16 . . . 34823 3498 1 In in IN 34823 3498 2 general general JJ 34823 3498 3 , , , 34823 3498 4 the the DT 34823 3498 5 quantity quantity NN 34823 3498 6 theorist theorist NN 34823 3498 7 thinks think VBZ 34823 3498 8 that that IN 34823 3498 9 he -PRON- PRP 34823 3498 10 has have VBZ 34823 3498 11 reconciled reconcile VBN 34823 3498 12 his -PRON- PRP$ 34823 3498 13 theory theory NN 34823 3498 14 with with IN 34823 3498 15 cost cost NN 34823 3498 16 theory theory NN 34823 3498 17 by by IN 34823 3498 18 pointing point VBG 34823 3498 19 out out RP 34823 3498 20 that that IN 34823 3498 21 reduced reduce VBN 34823 3498 22 costs cost NNS 34823 3498 23 manifest manifest VBP 34823 3498 24 themselves -PRON- PRP 34823 3498 25 in in IN 34823 3498 26 increasing increase VBG 34823 3498 27 production production NN 34823 3498 28 , , , 34823 3498 29 which which WDT 34823 3498 30 means mean VBZ 34823 3498 31 increasing increase VBG 34823 3498 32 trade trade NN 34823 3498 33 , , , 34823 3498 34 which which WDT 34823 3498 35 should should MD 34823 3498 36 , , , 34823 3498 37 on on IN 34823 3498 38 the the DT 34823 3498 39 quantity quantity NN 34823 3498 40 theory theory NN 34823 3498 41 , , , 34823 3498 42 mean mean VB 34823 3498 43 lower low JJR 34823 3498 44 prices price NNS 34823 3498 45 . . . 34823 3499 1 [ [ -LRB- 34823 3499 2 343 343 CD 34823 3499 3 ] ] -RRB- 34823 3499 4 I -PRON- PRP 34823 3499 5 need need VBP 34823 3499 6 not not RB 34823 3499 7 , , , 34823 3499 8 for for IN 34823 3499 9 my -PRON- PRP$ 34823 3499 10 purposes purpose NNS 34823 3499 11 , , , 34823 3499 12 analyze analyze VBP 34823 3499 13 this this DT 34823 3499 14 doctrine doctrine NN 34823 3499 15 in in IN 34823 3499 16 detail detail NN 34823 3499 17 , , , 34823 3499 18 though though IN 34823 3499 19 I -PRON- PRP 34823 3499 20 am be VBP 34823 3499 21 disposed disposed JJ 34823 3499 22 to to TO 34823 3499 23 consider consider VB 34823 3499 24 it -PRON- PRP 34823 3499 25 an an DT 34823 3499 26 accident accident NN 34823 3499 27 that that IN 34823 3499 28 the the DT 34823 3499 29 two two CD 34823 3499 30 theories theory NNS 34823 3499 31 converge converge VBP 34823 3499 32 at at IN 34823 3499 33 this this DT 34823 3499 34 point point NN 34823 3499 35 . . . 34823 3500 1 For for IN 34823 3500 2 the the DT 34823 3500 3 present present NN 34823 3500 4 , , , 34823 3500 5 I -PRON- PRP 34823 3500 6 shall shall MD 34823 3500 7 analyze analyze VB 34823 3500 8 a a DT 34823 3500 9 case case NN 34823 3500 10 where where WRB 34823 3500 11 reducing reduce VBG 34823 3500 12 costs cost NNS 34823 3500 13 actually actually RB 34823 3500 14 come come VBP 34823 3500 15 as as IN 34823 3500 16 a a DT 34823 3500 17 consequence consequence NN 34823 3500 18 of of IN 34823 3500 19 the the DT 34823 3500 20 _ _ NNP 34823 3500 21 reduction reduction NN 34823 3500 22 _ _ NNP 34823 3500 23 in in IN 34823 3500 24 the the DT 34823 3500 25 volume volume NN 34823 3500 26 of of IN 34823 3500 27 trade trade NN 34823 3500 28 , , , 34823 3500 29 and and CC 34823 3500 30 inquire inquire RB 34823 3500 31 whether whether IN 34823 3500 32 such such PDT 34823 3500 33 a a DT 34823 3500 34 case case NN 34823 3500 35 will will MD 34823 3500 36 lead lead VB 34823 3500 37 , , , 34823 3500 38 as as IN 34823 3500 39 the the DT 34823 3500 40 cost cost NN 34823 3500 41 theory theory NN 34823 3500 42 would would MD 34823 3500 43 assert assert VB 34823 3500 44 , , , 34823 3500 45 to to TO 34823 3500 46 lowered lower VBN 34823 3500 47 general general JJ 34823 3500 48 prices price NNS 34823 3500 49 , , , 34823 3500 50 or or CC 34823 3500 51 , , , 34823 3500 52 as as IN 34823 3500 53 the the DT 34823 3500 54 quantity quantity NN 34823 3500 55 theory theory NN 34823 3500 56 would would MD 34823 3500 57 assert assert VB 34823 3500 58 , , , 34823 3500 59 to to IN 34823 3500 60 _ _ NNP 34823 3500 61 higher high JJR 34823 3500 62 _ _ NNP 34823 3500 63 general general JJ 34823 3500 64 prices price NNS 34823 3500 65 . . . 34823 3501 1 The the DT 34823 3501 2 case case NN 34823 3501 3 is be VBZ 34823 3501 4 that that IN 34823 3501 5 where where WRB 34823 3501 6 by by IN 34823 3501 7 improved improved JJ 34823 3501 8 methods method NNS 34823 3501 9 of of IN 34823 3501 10 handling handle VBG 34823 3501 11 goods good NNS 34823 3501 12 , , , 34823 3501 13 it -PRON- PRP 34823 3501 14 is be VBZ 34823 3501 15 possible possible JJ 34823 3501 16 to to TO 34823 3501 17 dispense dispense VB 34823 3501 18 with with IN 34823 3501 19 middlemen middleman NNS 34823 3501 20 . . . 34823 3502 1 Concretely concretely RB 34823 3502 2 , , , 34823 3502 3 assume assume VBP 34823 3502 4 that that IN 34823 3502 5 retailers retailer NNS 34823 3502 6 of of IN 34823 3502 7 milk milk NN 34823 3502 8 get get VBP 34823 3502 9 in in IN 34823 3502 10 direct direct JJ 34823 3502 11 touch touch NN 34823 3502 12 with with IN 34823 3502 13 dairymen dairyman NNS 34823 3502 14 , , , 34823 3502 15 so so IN 34823 3502 16 that that IN 34823 3502 17 middlemen middleman NNS 34823 3502 18 are be VBP 34823 3502 19 eliminated eliminate VBN 34823 3502 20 , , , 34823 3502 21 and and CC 34823 3502 22 that that IN 34823 3502 23 as as IN 34823 3502 24 a a DT 34823 3502 25 consequence consequence NN 34823 3502 26 the the DT 34823 3502 27 price price NN 34823 3502 28 of of IN 34823 3502 29 milk milk NN 34823 3502 30 is be VBZ 34823 3502 31 reduced reduce VBN 34823 3502 32 two two CD 34823 3502 33 cents cent NNS 34823 3502 34 a a DT 34823 3502 35 quart quart NN 34823 3502 36 . . . 34823 3503 1 What what WP 34823 3503 2 of of IN 34823 3503 3 the the DT 34823 3503 4 general general JJ 34823 3503 5 price price NN 34823 3503 6 - - HYPH 34823 3503 7 level level NN 34823 3503 8 ? ? . 34823 3504 1 T T NNP 34823 3504 2 ( ( -LRB- 34823 3504 3 trade trade NN 34823 3504 4 ) ) -RRB- 34823 3504 5 is be VBZ 34823 3504 6 reduced reduce VBN 34823 3504 7 . . . 34823 3505 1 There there EX 34823 3505 2 are be VBP 34823 3505 3 less less JJR 34823 3505 4 exchanges exchange NNS 34823 3505 5 . . . 34823 3506 1 Volume volume NN 34823 3506 2 of of IN 34823 3506 3 trade trade NN 34823 3506 4 does do VBZ 34823 3506 5 not not RB 34823 3506 6 mean mean VB 34823 3506 7 volume volume NN 34823 3506 8 of of IN 34823 3506 9 goods good NNS 34823 3506 10 _ _ NNP 34823 3506 11 produced produce VBD 34823 3506 12 _ _ NNP 34823 3506 13 , , , 34823 3506 14 but but CC 34823 3506 15 volume volume NN 34823 3506 16 of of IN 34823 3506 17 _ _ NNP 34823 3506 18 exchanges exchange NNS 34823 3506 19 _ _ NNP 34823 3506 20 . . . 34823 3507 1 With with IN 34823 3507 2 a a DT 34823 3507 3 reduced reduce VBN 34823 3507 4 trade trade NN 34823 3507 5 , , , 34823 3507 6 the the DT 34823 3507 7 quantity quantity NN 34823 3507 8 theory theory NN 34823 3507 9 must must MD 34823 3507 10 assert assert VB 34823 3507 11 that that IN 34823 3507 12 prices price NNS 34823 3507 13 of of IN 34823 3507 14 commodities commodity NNS 34823 3507 15 other other JJ 34823 3507 16 than than IN 34823 3507 17 milk milk NN 34823 3507 18 must must MD 34823 3507 19 , , , 34823 3507 20 on on IN 34823 3507 21 the the DT 34823 3507 22 average average NN 34823 3507 23 , , , 34823 3507 24 rise rise VB 34823 3507 25 , , , 34823 3507 26 not not RB 34823 3507 27 merely merely RB 34823 3507 28 enough enough JJ 34823 3507 29 to to TO 34823 3507 30 compensate compensate VB 34823 3507 31 for for IN 34823 3507 32 the the DT 34823 3507 33 fall fall NN 34823 3507 34 in in IN 34823 3507 35 milk milk NN 34823 3507 36 , , , 34823 3507 37 but but CC 34823 3507 38 more more JJR 34823 3507 39 than than IN 34823 3507 40 that that DT 34823 3507 41 , , , 34823 3507 42 enough enough RB 34823 3507 43 to to TO 34823 3507 44 compensate compensate VB 34823 3507 45 for for IN 34823 3507 46 the the DT 34823 3507 47 reduced reduced JJ 34823 3507 48 trade trade NN 34823 3507 49 as as RB 34823 3507 50 well well RB 34823 3507 51 . . . 34823 3508 1 But but CC 34823 3508 2 how how WRB 34823 3508 3 can can MD 34823 3508 4 the the DT 34823 3508 5 other other JJ 34823 3508 6 prices price NNS 34823 3508 7 rise rise VB 34823 3508 8 ? ? . 34823 3509 1 Well well UH 34823 3509 2 , , , 34823 3509 3 a a DT 34823 3509 4 point point NN 34823 3509 5 comes come VBZ 34823 3509 6 up up RP 34823 3509 7 obviously obviously RB 34823 3509 8 : : : 34823 3509 9 the the DT 34823 3509 10 buyers buyer NNS 34823 3509 11 of of IN 34823 3509 12 milk milk NN 34823 3509 13 save save VB 34823 3509 14 two two CD 34823 3509 15 cents cent NNS 34823 3509 16 a a DT 34823 3509 17 quart quart NN 34823 3509 18 . . . 34823 3510 1 They -PRON- PRP 34823 3510 2 can can MD 34823 3510 3 spend spend VB 34823 3510 4 it -PRON- PRP 34823 3510 5 for for IN 34823 3510 6 something something NN 34823 3510 7 else else RB 34823 3510 8 . . . 34823 3511 1 This this DT 34823 3511 2 will will MD 34823 3511 3 raise raise VB 34823 3511 4 the the DT 34823 3511 5 prices price NNS 34823 3511 6 of of IN 34823 3511 7 other other JJ 34823 3511 8 things thing NNS 34823 3511 9 . . . 34823 3512 1 But but CC 34823 3512 2 , , , 34823 3512 3 on on IN 34823 3512 4 the the DT 34823 3512 5 other other JJ 34823 3512 6 hand hand NN 34823 3512 7 , , , 34823 3512 8 the the DT 34823 3512 9 middlemen middleman NNS 34823 3512 10 now now RB 34823 3512 11 have have VBP 34823 3512 12 less less JJR 34823 3512 13 to to TO 34823 3512 14 spend spend VB 34823 3512 15 . . . 34823 3513 1 They -PRON- PRP 34823 3513 2 have have VBP 34823 3513 3 _ _ NNP 34823 3513 4 exactly exactly RB 34823 3513 5 as as RB 34823 3513 6 much much RB 34823 3513 7 less less JJR 34823 3513 8 _ _ NNP 34823 3513 9 as as IN 34823 3513 10 the the DT 34823 3513 11 others other NNS 34823 3513 12 have have VBP 34823 3513 13 _ _ NNP 34823 3513 14 more more JJR 34823 3513 15 _ _ NNP 34823 3513 16 , , , 34823 3513 17 the the DT 34823 3513 18 extra extra JJ 34823 3513 19 money money NN 34823 3513 20 that that WDT 34823 3513 21 milk milk NN 34823 3513 22 buyers buyer NNS 34823 3513 23 have have VBP 34823 3513 24 being be VBG 34823 3513 25 , , , 34823 3513 26 in in IN 34823 3513 27 fact fact NN 34823 3513 28 , , , 34823 3513 29 the the DT 34823 3513 30 money money NN 34823 3513 31 that that WDT 34823 3513 32 the the DT 34823 3513 33 middlemen middleman NNS 34823 3513 34 would would MD 34823 3513 35 otherwise otherwise RB 34823 3513 36 have have VB 34823 3513 37 had have VBN 34823 3513 38 . . . 34823 3514 1 The the DT 34823 3514 2 one one NN 34823 3514 3 offsets offset VBZ 34823 3514 4 the the DT 34823 3514 5 other other JJ 34823 3514 6 . . . 34823 3515 1 There there EX 34823 3515 2 is be VBZ 34823 3515 3 , , , 34823 3515 4 then then RB 34823 3515 5 , , , 34823 3515 6 no no DT 34823 3515 7 reason reason NN 34823 3515 8 for for IN 34823 3515 9 the the DT 34823 3515 10 average average NN 34823 3515 11 of of IN 34823 3515 12 other other JJ 34823 3515 13 prices price NNS 34823 3515 14 to to TO 34823 3515 15 rise rise VB 34823 3515 16 . . . 34823 3516 1 Suppose suppose VB 34823 3516 2 we -PRON- PRP 34823 3516 3 carry carry VBP 34823 3516 4 the the DT 34823 3516 5 process process NN 34823 3516 6 one one CD 34823 3516 7 step step NN 34823 3516 8 further far RBR 34823 3516 9 . . . 34823 3517 1 After after IN 34823 3517 2 a a DT 34823 3517 3 while while NN 34823 3517 4 , , , 34823 3517 5 the the DT 34823 3517 6 middleman middleman NN 34823 3517 7 will will MD 34823 3517 8 find find VB 34823 3517 9 other other JJ 34823 3517 10 work work NN 34823 3517 11 to to TO 34823 3517 12 do do VB 34823 3517 13 . . . 34823 3518 1 Then then RB 34823 3518 2 they -PRON- PRP 34823 3518 3 will will MD 34823 3518 4 have have VB 34823 3518 5 incomes income NNS 34823 3518 6 again again RB 34823 3518 7 to to TO 34823 3518 8 spend spend VB 34823 3518 9 . . . 34823 3519 1 But but CC 34823 3519 2 in in IN 34823 3519 3 going go VBG 34823 3519 4 to to TO 34823 3519 5 work work VB 34823 3519 6 again again RB 34823 3519 7 , , , 34823 3519 8 they -PRON- PRP 34823 3519 9 will will MD 34823 3519 10 be be VB 34823 3519 11 engaged engage VBN 34823 3519 12 in in IN 34823 3519 13 production production NN 34823 3519 14 , , , 34823 3519 15 and and CC 34823 3519 16 so so RB 34823 3519 17 will will MD 34823 3519 18 , , , 34823 3519 19 in in IN 34823 3519 20 general general JJ 34823 3519 21 , , , 34823 3519 22 be be VB 34823 3519 23 increasing increase VBG 34823 3519 24 the the DT 34823 3519 25 volume volume NN 34823 3519 26 of of IN 34823 3519 27 trade trade NN 34823 3519 28 . . . 34823 3520 1 The the DT 34823 3520 2 quantity quantity NN 34823 3520 3 theorist theorist NN 34823 3520 4 could could MD 34823 3520 5 not not RB 34823 3520 6 expect expect VB 34823 3520 7 a a DT 34823 3520 8 rise rise NN 34823 3520 9 in in IN 34823 3520 10 prices price NNS 34823 3520 11 from from IN 34823 3520 12 this this DT 34823 3520 13 ! ! . 34823 3521 1 And and CC 34823 3521 2 here here RB 34823 3521 3 we -PRON- PRP 34823 3521 4 are be VBP 34823 3521 5 given give VBN 34823 3521 6 a a DT 34823 3521 7 clue clue NN 34823 3521 8 to to IN 34823 3521 9 a a DT 34823 3521 10 fundamental fundamental JJ 34823 3521 11 confusion confusion NN 34823 3521 12 in in IN 34823 3521 13 the the DT 34823 3521 14 quantity quantity NN 34823 3521 15 theory theory NN 34823 3521 16 , , , 34823 3521 17 a a DT 34823 3521 18 confusion confusion NN 34823 3521 19 which which WDT 34823 3521 20 , , , 34823 3521 21 accepted accept VBN 34823 3521 22 by by IN 34823 3521 23 the the DT 34823 3521 24 reader reader NN 34823 3521 25 , , , 34823 3521 26 gives give VBZ 34823 3521 27 the the DT 34823 3521 28 quantity quantity NN 34823 3521 29 theory theory NN 34823 3521 30 much much JJ 34823 3521 31 of of IN 34823 3521 32 its -PRON- PRP$ 34823 3521 33 plausibility plausibility NN 34823 3521 34 . . . 34823 3522 1 I -PRON- PRP 34823 3522 2 refer refer VBP 34823 3522 3 to to IN 34823 3522 4 the the DT 34823 3522 5 confusion confusion NN 34823 3522 6 between between IN 34823 3522 7 _ _ NNP 34823 3522 8 volume volume NN 34823 3522 9 of of IN 34823 3522 10 money money NN 34823 3522 11 _ _ NNP 34823 3522 12 , , , 34823 3522 13 and and CC 34823 3522 14 volume volume NN 34823 3522 15 of of IN 34823 3522 16 _ _ NNP 34823 3522 17 money money NN 34823 3522 18 - - HYPH 34823 3522 19 income income NN 34823 3522 20 _ _ NN 34823 3522 21 . . . 34823 3523 1 [ [ -LRB- 34823 3523 2 344 344 CD 34823 3523 3 ] ] -RRB- 34823 3523 4 The the DT 34823 3523 5 two two CD 34823 3523 6 need nee MD 34823 3523 7 not not RB 34823 3523 8 be be VB 34823 3523 9 the the DT 34823 3523 10 same same JJ 34823 3523 11 . . . 34823 3524 1 The the DT 34823 3524 2 two two CD 34823 3524 3 generally generally RB 34823 3524 4 are be VBP 34823 3524 5 not not RB 34823 3524 6 the the DT 34823 3524 7 same same JJ 34823 3524 8 . . . 34823 3525 1 In in IN 34823 3525 2 the the DT 34823 3525 3 case case NN 34823 3525 4 I -PRON- PRP 34823 3525 5 have have VBP 34823 3525 6 described describe VBN 34823 3525 7 , , , 34823 3525 8 the the DT 34823 3525 9 one one NN 34823 3525 10 has have VBZ 34823 3525 11 changed change VBN 34823 3525 12 without without IN 34823 3525 13 a a DT 34823 3525 14 change change NN 34823 3525 15 in in IN 34823 3525 16 the the DT 34823 3525 17 other other JJ 34823 3525 18 . . . 34823 3526 1 Now now RB 34823 3526 2 if if IN 34823 3526 3 one one CD 34823 3526 4 wishes wish VBZ 34823 3526 5 to to TO 34823 3526 6 view view VB 34823 3526 7 the the DT 34823 3526 8 process process NN 34823 3526 9 of of IN 34823 3526 10 price price NN 34823 3526 11 - - HYPH 34823 3526 12 causation causation NN 34823 3526 13 from from IN 34823 3526 14 the the DT 34823 3526 15 standpoint standpoint NN 34823 3526 16 of of IN 34823 3526 17 money money NN 34823 3526 18 offered offer VBN 34823 3526 19 for for IN 34823 3526 20 goods,--an goods,--an NNS 34823 3526 21 essentially essentially RB 34823 3526 22 superficial,[345 superficial,[345 VBN 34823 3526 23 ] ] -RRB- 34823 3526 24 but but CC 34823 3526 25 frequently frequently RB 34823 3526 26 useful useful JJ 34823 3526 27 , , , 34823 3526 28 view view NN 34823 3526 29 - - HYPH 34823 3526 30 point point NN 34823 3526 31 -- -- : 34823 3526 32 it -PRON- PRP 34823 3526 33 is be VBZ 34823 3526 34 clearly clearly RB 34823 3526 35 money-_income money-_income JJ 34823 3526 36 _ _ NNP 34823 3526 37 , , , 34823 3526 38 rather rather RB 34823 3526 39 than than IN 34823 3526 40 mere mere JJ 34823 3526 41 quantity quantity NN 34823 3526 42 of of IN 34823 3526 43 money money NN 34823 3526 44 in in IN 34823 3526 45 the the DT 34823 3526 46 country country NN 34823 3526 47 that that WDT 34823 3526 48 is be VBZ 34823 3526 49 important important JJ 34823 3526 50 . . . 34823 3527 1 Into into IN 34823 3527 2 the the DT 34823 3527 3 determination determination NN 34823 3527 4 of of IN 34823 3527 5 volume volume NN 34823 3527 6 of of IN 34823 3527 7 money money NN 34823 3527 8 - - HYPH 34823 3527 9 income income NN 34823 3527 10 , , , 34823 3527 11 however however RB 34823 3527 12 , , , 34823 3527 13 come come VB 34823 3527 14 factors factor NNS 34823 3527 15 of of IN 34823 3527 16 a a DT 34823 3527 17 high high JJ 34823 3527 18 degree degree NN 34823 3527 19 of of IN 34823 3527 20 complexity complexity NN 34823 3527 21 , , , 34823 3527 22 among among IN 34823 3527 23 them -PRON- PRP 34823 3527 24 , , , 34823 3527 25 prices price NNS 34823 3527 26 for for IN 34823 3527 27 which which WDT 34823 3527 28 there there EX 34823 3527 29 is be VBZ 34823 3527 30 no no DT 34823 3527 31 possible possible JJ 34823 3527 32 place place NN 34823 3527 33 within within IN 34823 3527 34 the the DT 34823 3527 35 confines confine NNS 34823 3527 36 of of IN 34823 3527 37 so so RB 34823 3527 38 simple simple JJ 34823 3527 39 and and CC 34823 3527 40 mechanical mechanical JJ 34823 3527 41 a a DT 34823 3527 42 doctrine doctrine NN 34823 3527 43 as as IN 34823 3527 44 the the DT 34823 3527 45 quantity quantity NN 34823 3527 46 theory theory NN 34823 3527 47 . . . 34823 3528 1 In in IN 34823 3528 2 passing pass VBG 34823 3528 3 , , , 34823 3528 4 I -PRON- PRP 34823 3528 5 notice notice VBP 34823 3528 6 a a DT 34823 3528 7 point point NN 34823 3528 8 to to TO 34823 3528 9 which which WDT 34823 3528 10 I -PRON- PRP 34823 3528 11 called call VBD 34823 3528 12 attention attention NN 34823 3528 13 in in IN 34823 3528 14 discussing discuss VBG 34823 3528 15 Fisher Fisher NNP 34823 3528 16 's 's POS 34823 3528 17 factors factor NNS 34823 3528 18 in in IN 34823 3528 19 the the DT 34823 3528 20 equation equation NN 34823 3528 21 of of IN 34823 3528 22 exchange exchange NN 34823 3528 23 . . . 34823 3529 1 I -PRON- PRP 34823 3529 2 refer refer VBP 34823 3529 3 to to IN 34823 3529 4 his -PRON- PRP$ 34823 3529 5 definition definition NN 34823 3529 6 of of IN 34823 3529 7 velocity velocity NN 34823 3529 8 of of IN 34823 3529 9 circulation circulation NN 34823 3529 10 as as IN 34823 3529 11 the the DT 34823 3529 12 average average NN 34823 3529 13 of of IN 34823 3529 14 " " `` 34823 3529 15 person person NN 34823 3529 16 - - HYPH 34823 3529 17 turnovers turnover NNS 34823 3529 18 " " '' 34823 3529 19 of of IN 34823 3529 20 money money NN 34823 3529 21 . . . 34823 3530 1 [ [ -LRB- 34823 3530 2 346 346 CD 34823 3530 3 ] ] -RRB- 34823 3530 4 In in IN 34823 3530 5 the the DT 34823 3530 6 illustration illustration NN 34823 3530 7 given give VBN 34823 3530 8 , , , 34823 3530 9 there there EX 34823 3530 10 is be VBZ 34823 3530 11 no no DT 34823 3530 12 reason reason NN 34823 3530 13 to to TO 34823 3530 14 suppose suppose VB 34823 3530 15 that that IN 34823 3530 16 this this DT 34823 3530 17 average average NN 34823 3530 18 is be VBZ 34823 3530 19 changed change VBN 34823 3530 20 . . . 34823 3531 1 The the DT 34823 3531 2 middlemen middleman NNS 34823 3531 3 simply simply RB 34823 3531 4 drop drop VBP 34823 3531 5 out out IN 34823 3531 6 of of IN 34823 3531 7 the the DT 34823 3531 8 average average NN 34823 3531 9 . . . 34823 3532 1 They -PRON- PRP 34823 3532 2 have have VBP 34823 3532 3 no no DT 34823 3532 4 money money NN 34823 3532 5 to to TO 34823 3532 6 turn turn VB 34823 3532 7 over over RP 34823 3532 8 ! ! . 34823 3533 1 But but CC 34823 3533 2 velocity velocity NN 34823 3533 3 of of IN 34823 3533 4 circulation circulation NN 34823 3533 5 , , , 34823 3533 6 defined define VBN 34823 3533 7 as as IN 34823 3533 8 " " `` 34823 3533 9 coin coin NN 34823 3533 10 - - HYPH 34823 3533 11 transfer transfer NN 34823 3533 12 , , , 34823 3533 13 " " '' 34823 3533 14 ( ( -LRB- 34823 3533 15 _ _ NNP 34823 3533 16 cf cf NNP 34823 3533 17 . . . 34823 3533 18 _ _ NNP 34823 3533 19 _ _ NNP 34823 3533 20 supra supra NNP 34823 3533 21 _ _ NNP 34823 3533 22 , , , 34823 3533 23 p. p. NN 34823 3533 24 204 204 CD 34823 3533 25 ) ) -RRB- 34823 3533 26 has have VBZ 34823 3533 27 clearly clearly RB 34823 3533 28 changed change VBN 34823 3533 29 . . . 34823 3534 1 The the DT 34823 3534 2 course course NN 34823 3534 3 of of IN 34823 3534 4 money money NN 34823 3534 5 has have VBZ 34823 3534 6 been be VBN 34823 3534 7 short short RB 34823 3534 8 - - HYPH 34823 3534 9 circuited circuit VBN 34823 3534 10 . . . 34823 3535 1 It -PRON- PRP 34823 3535 2 goes go VBZ 34823 3535 3 through through IN 34823 3535 4 fewer few JJR 34823 3535 5 hands hand NNS 34823 3535 6 in in IN 34823 3535 7 the the DT 34823 3535 8 course course NN 34823 3535 9 of of IN 34823 3535 10 a a DT 34823 3535 11 given give VBN 34823 3535 12 period period NN 34823 3535 13 . . . 34823 3536 1 This this DT 34823 3536 2 last last JJ 34823 3536 3 concept concept NN 34823 3536 4 of of IN 34823 3536 5 velocity velocity NN 34823 3536 6 of of IN 34823 3536 7 circulation circulation NN 34823 3536 8 is be VBZ 34823 3536 9 clearly clearly RB 34823 3536 10 the the DT 34823 3536 11 one one NN 34823 3536 12 that that WDT 34823 3536 13 must must MD 34823 3536 14 be be VB 34823 3536 15 used use VBN 34823 3536 16 , , , 34823 3536 17 if if IN 34823 3536 18 the the DT 34823 3536 19 equation equation NN 34823 3536 20 of of IN 34823 3536 21 exchange exchange NN 34823 3536 22 is be VBZ 34823 3536 23 to to TO 34823 3536 24 be be VB 34823 3536 25 kept keep VBN 34823 3536 26 straight straight RB 34823 3536 27 . . . 34823 3537 1 But but CC 34823 3537 2 this this DT 34823 3537 3 fact fact NN 34823 3537 4 should should MD 34823 3537 5 make make VB 34823 3537 6 it -PRON- PRP 34823 3537 7 clear clear JJ 34823 3537 8 that that IN 34823 3537 9 velocity velocity NN 34823 3537 10 of of IN 34823 3537 11 circulation circulation NN 34823 3537 12 , , , 34823 3537 13 instead instead RB 34823 3537 14 of of IN 34823 3537 15 being be VBG 34823 3537 16 the the DT 34823 3537 17 inflexible inflexible JJ 34823 3537 18 thing thing NN 34823 3537 19 that that WDT 34823 3537 20 Fisher Fisher NNP 34823 3537 21 has have VBZ 34823 3537 22 described describe VBN 34823 3537 23 , , , 34823 3537 24 resting rest VBG 34823 3537 25 in in IN 34823 3537 26 individual individual JJ 34823 3537 27 habits habit NNS 34823 3537 28 and and CC 34823 3537 29 practices practice NNS 34823 3537 30 , , , 34823 3537 31 a a DT 34823 3537 32 true true JJ 34823 3537 33 causal causal JJ 34823 3537 34 factor factor NN 34823 3537 35 in in IN 34823 3537 36 the the DT 34823 3537 37 price price NN 34823 3537 38 making making NN 34823 3537 39 process process NN 34823 3537 40 , , , 34823 3537 41 is be VBZ 34823 3537 42 really really RB 34823 3537 43 a a DT 34823 3537 44 highly highly RB 34823 3537 45 flexible flexible JJ 34823 3537 46 thing thing NN 34823 3537 47 , , , 34823 3537 48 in in IN 34823 3537 49 large large JJ 34823 3537 50 degree degree NN 34823 3537 51 a a DT 34823 3537 52 passive passive JJ 34823 3537 53 function function NN 34823 3537 54 of of IN 34823 3537 55 trade trade NN 34823 3537 56 and and CC 34823 3537 57 prices price NNS 34823 3537 58 . . . 34823 3538 1 With with IN 34823 3538 2 this this DT 34823 3538 3 distinction distinction NN 34823 3538 4 between between IN 34823 3538 5 volume volume NN 34823 3538 6 of of IN 34823 3538 7 money money NN 34823 3538 8 and and CC 34823 3538 9 volume volume NN 34823 3538 10 of of IN 34823 3538 11 money money NN 34823 3538 12 - - HYPH 34823 3538 13 income[347 income[347 NN 34823 3538 14 ] ] -RRB- 34823 3538 15 clearly clearly RB 34823 3538 16 held hold VBN 34823 3538 17 , , , 34823 3538 18 we -PRON- PRP 34823 3538 19 are be VBP 34823 3538 20 prepared prepared JJ 34823 3538 21 to to TO 34823 3538 22 go go VB 34823 3538 23 further further RB 34823 3538 24 in in IN 34823 3538 25 our -PRON- PRP$ 34823 3538 26 attack attack NN 34823 3538 27 on on IN 34823 3538 28 the the DT 34823 3538 29 quantity quantity NN 34823 3538 30 theory theory NN 34823 3538 31 , , , 34823 3538 32 granting grant VBG 34823 3538 33 the the DT 34823 3538 34 quantity quantity NN 34823 3538 35 theorist theorist RB 34823 3538 36 all all PDT 34823 3538 37 his -PRON- PRP$ 34823 3538 38 most most RBS 34823 3538 39 rigorous rigorous JJ 34823 3538 40 assumptions assumption NNS 34823 3538 41 , , , 34823 3538 42 and and CC 34823 3538 43 still still RB 34823 3538 44 demonstrating demonstrate VBG 34823 3538 45 that that IN 34823 3538 46 prices price NNS 34823 3538 47 can can MD 34823 3538 48 vary vary VB 34823 3538 49 independently independently RB 34823 3538 50 , , , 34823 3538 51 without without IN 34823 3538 52 prior prior JJ 34823 3538 53 change change NN 34823 3538 54 in in IN 34823 3538 55 quantity quantity NN 34823 3538 56 of of IN 34823 3538 57 money money NN 34823 3538 58 , , , 34823 3538 59 volume volume NN 34823 3538 60 of of IN 34823 3538 61 trade trade NN 34823 3538 62 , , , 34823 3538 63 or or CC 34823 3538 64 velocity velocity NN 34823 3538 65 of of IN 34823 3538 66 money money NN 34823 3538 67 . . . 34823 3539 1 Let let VB 34823 3539 2 us -PRON- PRP 34823 3539 3 assume assume VB 34823 3539 4 the the DT 34823 3539 5 extreme extreme JJ 34823 3539 6 case case NN 34823 3539 7 of of IN 34823 3539 8 the the DT 34823 3539 9 quantity quantity NN 34823 3539 10 theory theory NN 34823 3539 11 : : : 34823 3539 12 a a DT 34823 3539 13 closed closed JJ 34823 3539 14 market market NN 34823 3539 15 ; ; : 34823 3539 16 no no DT 34823 3539 17 credit credit NN 34823 3539 18 ; ; : 34823 3539 19 no no DT 34823 3539 20 barter barter NN 34823 3539 21 ; ; : 34823 3539 22 a a DT 34823 3539 23 fixed fix VBN 34823 3539 24 supply supply NN 34823 3539 25 of of IN 34823 3539 26 money money NN 34823 3539 27 ; ; : 34823 3539 28 a a DT 34823 3539 29 fixed fix VBN 34823 3539 30 volume volume NN 34823 3539 31 of of IN 34823 3539 32 trade trade NN 34823 3539 33 ; ; : 34823 3539 34 a a DT 34823 3539 35 fixed fix VBN 34823 3539 36 set set NN 34823 3539 37 of of IN 34823 3539 38 habits habit NNS 34823 3539 39 affecting affect VBG 34823 3539 40 velocity velocity NN 34823 3539 41 , , , 34823 3539 42 namely namely RB 34823 3539 43 , , , 34823 3539 44 that that IN 34823 3539 45 everyone everyone NN 34823 3539 46 spends spend VBZ 34823 3539 47 , , , 34823 3539 48 in in IN 34823 3539 49 the the DT 34823 3539 50 course course NN 34823 3539 51 of of IN 34823 3539 52 the the DT 34823 3539 53 month month NN 34823 3539 54 , , , 34823 3539 55 all all DT 34823 3539 56 that that WDT 34823 3539 57 he -PRON- PRP 34823 3539 58 has have VBZ 34823 3539 59 accumulated accumulate VBN 34823 3539 60 by by IN 34823 3539 61 the the DT 34823 3539 62 first first JJ 34823 3539 63 of of IN 34823 3539 64 the the DT 34823 3539 65 month month NN 34823 3539 66 . . . 34823 3540 1 The the DT 34823 3540 2 quantity quantity NN 34823 3540 3 theorist theorist NN 34823 3540 4 could could MD 34823 3540 5 not not RB 34823 3540 6 ask ask VB 34823 3540 7 a a DT 34823 3540 8 more more JJR 34823 3540 9 iron iron NN 34823 3540 10 - - HYPH 34823 3540 11 clad clothe VBN 34823 3540 12 set set NN 34823 3540 13 of of IN 34823 3540 14 assumptions assumption NNS 34823 3540 15 than than IN 34823 3540 16 this this DT 34823 3540 17 ! ! . 34823 3541 1 If if IN 34823 3541 2 the the DT 34823 3541 3 quantity quantity NN 34823 3541 4 theory theory NN 34823 3541 5 is be VBZ 34823 3541 6 not not RB 34823 3541 7 valid valid JJ 34823 3541 8 here here RB 34823 3541 9 , , , 34823 3541 10 if if IN 34823 3541 11 the the DT 34823 3541 12 price price NN 34823 3541 13 - - HYPH 34823 3541 14 level level NN 34823 3541 15 is be VBZ 34823 3541 16 not not RB 34823 3541 17 absolutely absolutely RB 34823 3541 18 fixed fix VBN 34823 3541 19 , , , 34823 3541 20 helpless helpless JJ 34823 3541 21 to to TO 34823 3541 22 change change VB 34823 3541 23 , , , 34823 3541 24 with with IN 34823 3541 25 these these DT 34823 3541 26 assumptions assumption NNS 34823 3541 27 , , , 34823 3541 28 then then RB 34823 3541 29 the the DT 34823 3541 30 quantity quantity NN 34823 3541 31 theory theory NN 34823 3541 32 , , , 34823 3541 33 even even RB 34823 3541 34 as as IN 34823 3541 35 a a DT 34823 3541 36 minor minor JJ 34823 3541 37 tendency tendency NN 34823 3541 38 , , , 34823 3541 39 must must MD 34823 3541 40 be be VB 34823 3541 41 surrendered surrender VBN 34823 3541 42 , , , 34823 3541 43 and and CC 34823 3541 44 the the DT 34823 3541 45 quantity quantity NN 34823 3541 46 theorist theorist NN 34823 3541 47 must must MD 34823 3541 48 admit admit VB 34823 3541 49 that that IN 34823 3541 50 the the DT 34823 3541 51 whole whole JJ 34823 3541 52 line line NN 34823 3541 53 of of IN 34823 3541 54 thought thought NN 34823 3541 55 has have VBZ 34823 3541 56 been be VBN 34823 3541 57 fallacious fallacious JJ 34823 3541 58 . . . 34823 3542 1 But but CC 34823 3542 2 is be VBZ 34823 3542 3 the the DT 34823 3542 4 price price NN 34823 3542 5 - - HYPH 34823 3542 6 level level NN 34823 3542 7 passive passive JJ 34823 3542 8 ? ? . 34823 3543 1 Suppose suppose VB 34823 3543 2 we -PRON- PRP 34823 3543 3 assume assume VBP 34823 3543 4 a a DT 34823 3543 5 combination combination NN 34823 3543 6 of of IN 34823 3543 7 employers employer NNS 34823 3543 8 of of IN 34823 3543 9 maid maid NN 34823 3543 10 - - HYPH 34823 3543 11 servants servant NNS 34823 3543 12 , , , 34823 3543 13 which which WDT 34823 3543 14 forces force VBZ 34823 3543 15 down down RP 34823 3543 16 the the DT 34823 3543 17 wages wage NNS 34823 3543 18 of of IN 34823 3543 19 maid maid NN 34823 3543 20 - - HYPH 34823 3543 21 servants servant NNS 34823 3543 22 from from IN 34823 3543 23 $ $ $ 34823 3543 24 20 20 CD 34823 3543 25 to to TO 34823 3543 26 $ $ $ 34823 3543 27 10 10 CD 34823 3543 28 per per IN 34823 3543 29 month month NN 34823 3543 30 . . . 34823 3544 1 Assume assume VB 34823 3544 2 further further RB 34823 3544 3 that that IN 34823 3544 4 there there EX 34823 3544 5 is be VBZ 34823 3544 6 no no DT 34823 3544 7 alternative alternative JJ 34823 3544 8 employment employment NN 34823 3544 9 for for IN 34823 3544 10 the the DT 34823 3544 11 maid maid NN 34823 3544 12 - - HYPH 34823 3544 13 servants servant NNS 34823 3544 14 , , , 34823 3544 15 so so IN 34823 3544 16 that that IN 34823 3544 17 they -PRON- PRP 34823 3544 18 all all DT 34823 3544 19 remain remain VBP 34823 3544 20 at at IN 34823 3544 21 work work NN 34823 3544 22 . . . 34823 3545 1 [ [ -LRB- 34823 3545 2 348 348 CD 34823 3545 3 ] ] -RRB- 34823 3545 4 So so RB 34823 3545 5 far far RB 34823 3545 6 , , , 34823 3545 7 we -PRON- PRP 34823 3545 8 have have VBP 34823 3545 9 made make VBN 34823 3545 10 a a DT 34823 3545 11 change change NN 34823 3545 12 in in IN 34823 3545 13 _ _ NNP 34823 3545 14 one one CD 34823 3545 15 _ _ NNP 34823 3545 16 price price NN 34823 3545 17 , , , 34823 3545 18 the the DT 34823 3545 19 price price NN 34823 3545 20 of of IN 34823 3545 21 domestic domestic JJ 34823 3545 22 service service NN 34823 3545 23 . . . 34823 3546 1 What what WP 34823 3546 2 of of IN 34823 3546 3 the the DT 34823 3546 4 general general JJ 34823 3546 5 average average NN 34823 3546 6 of of IN 34823 3546 7 prices price NNS 34823 3546 8 , , , 34823 3546 9 the the DT 34823 3546 10 price-_level price-_level NN 34823 3546 11 _ _ NNP 34823 3546 12 ? ? . 34823 3547 1 Well well UH 34823 3547 2 , , , 34823 3547 3 so so RB 34823 3547 4 far far RB 34823 3547 5 , , , 34823 3547 6 the the DT 34823 3547 7 price price NN 34823 3547 8 - - HYPH 34823 3547 9 level level NN 34823 3547 10 is be VBZ 34823 3547 11 down down RB 34823 3547 12 . . . 34823 3548 1 If if IN 34823 3548 2 nothing nothing NN 34823 3548 3 else else RB 34823 3548 4 takes take VBZ 34823 3548 5 place place NN 34823 3548 6 , , , 34823 3548 7 we -PRON- PRP 34823 3548 8 have have VBP 34823 3548 9 reduced reduce VBN 34823 3548 10 the the DT 34823 3548 11 price price NN 34823 3548 12 - - HYPH 34823 3548 13 level level NN 34823 3548 14 by by IN 34823 3548 15 reducing reduce VBG 34823 3548 16 one one CD 34823 3548 17 price price NN 34823 3548 18 . . . 34823 3549 1 What what WP 34823 3549 2 else else RB 34823 3549 3 can can MD 34823 3549 4 take take VB 34823 3549 5 place place NN 34823 3549 6 ? ? . 34823 3550 1 Two two CD 34823 3550 2 things thing NNS 34823 3550 3 : : : 34823 3550 4 ( ( -LRB- 34823 3550 5 1 1 LS 34823 3550 6 ) ) -RRB- 34823 3550 7 the the DT 34823 3550 8 masters master NNS 34823 3550 9 now now RB 34823 3550 10 have have VBP 34823 3550 11 $ $ $ 34823 3550 12 10 10 CD 34823 3550 13 per per IN 34823 3550 14 month month NN 34823 3550 15 each each DT 34823 3550 16 more more JJR 34823 3550 17 to to TO 34823 3550 18 spend spend VB 34823 3550 19 for for IN 34823 3550 20 other other JJ 34823 3550 21 things thing NNS 34823 3550 22 than than IN 34823 3550 23 before before RB 34823 3550 24 . . . 34823 3551 1 That that DT 34823 3551 2 tends tend VBZ 34823 3551 3 to to TO 34823 3551 4 raise raise VB 34823 3551 5 prices price NNS 34823 3551 6 in in IN 34823 3551 7 their -PRON- PRP$ 34823 3551 8 other other JJ 34823 3551 9 channels channel NNS 34823 3551 10 of of IN 34823 3551 11 expenditure expenditure NN 34823 3551 12 . . . 34823 3552 1 ( ( -LRB- 34823 3552 2 2 2 LS 34823 3552 3 ) ) -RRB- 34823 3552 4 The the DT 34823 3552 5 maid maid NN 34823 3552 6 - - HYPH 34823 3552 7 servants servant NNS 34823 3552 8 now now RB 34823 3552 9 have have VBP 34823 3552 10 $ $ $ 34823 3552 11 10 10 CD 34823 3552 12 each each DT 34823 3552 13 less less JJR 34823 3552 14 to to TO 34823 3552 15 spend,--the spend,--the DT 34823 3552 16 same same JJ 34823 3552 17 ten ten CD 34823 3552 18 dollars dollar NNS 34823 3552 19 ! ! . 34823 3553 1 That that DT 34823 3553 2 lessens lessen VBZ 34823 3553 3 prices price NNS 34823 3553 4 in in IN 34823 3553 5 the the DT 34823 3553 6 lines line NNS 34823 3553 7 of of IN 34823 3553 8 their -PRON- PRP$ 34823 3553 9 expenditure expenditure NN 34823 3553 10 . . . 34823 3554 1 These these DT 34823 3554 2 last last JJ 34823 3554 3 two two CD 34823 3554 4 changes change NNS 34823 3554 5 exactly exactly RB 34823 3554 6 neutralize neutralize VBP 34823 3554 7 one one CD 34823 3554 8 another another DT 34823 3554 9 . . . 34823 3555 1 The the DT 34823 3555 2 first first JJ 34823 3555 3 change change NN 34823 3555 4 , , , 34823 3555 5 in in IN 34823 3555 6 the the DT 34823 3555 7 price price NN 34823 3555 8 of of IN 34823 3555 9 domestic domestic JJ 34823 3555 10 service service NN 34823 3555 11 , , , 34823 3555 12 remains remain VBZ 34823 3555 13 unneutralized unneutralized JJ 34823 3555 14 . . . 34823 3556 1 The the DT 34823 3556 2 general general JJ 34823 3556 3 price price NN 34823 3556 4 - - HYPH 34823 3556 5 level level NN 34823 3556 6 is be VBZ 34823 3556 7 , , , 34823 3556 8 then then RB 34823 3556 9 , , , 34823 3556 10 lowered lower VBN 34823 3556 11 -- -- : 34823 3556 12 by by IN 34823 3556 13 a a DT 34823 3556 14 cause cause NN 34823 3556 15 acting act VBG 34823 3556 16 from from IN 34823 3556 17 outside outside IN 34823 3556 18 the the DT 34823 3556 19 equation equation NN 34823 3556 20 of of IN 34823 3556 21 exchange exchange NN 34823 3556 22 , , , 34823 3556 23 directly directly RB 34823 3556 24 on on IN 34823 3556 25 prices price NNS 34823 3556 26 . . . 34823 3557 1 The the DT 34823 3557 2 first first JJ 34823 3557 3 change change NN 34823 3557 4 comes come VBZ 34823 3557 5 in in IN 34823 3557 6 one one CD 34823 3557 7 price price NN 34823 3557 8 . . . 34823 3558 1 In in IN 34823 3558 2 the the DT 34823 3558 3 final final JJ 34823 3558 4 adjustment adjustment NN 34823 3558 5 , , , 34823 3558 6 that that DT 34823 3558 7 change change NN 34823 3558 8 remains remain VBZ 34823 3558 9 unneutralized unneutralized JJ 34823 3558 10 . . . 34823 3559 1 How how WRB 34823 3559 2 is be VBZ 34823 3559 3 this this DT 34823 3559 4 possible possible JJ 34823 3559 5 ? ? . 34823 3560 1 Is be VBZ 34823 3560 2 the the DT 34823 3560 3 equation equation NN 34823 3560 4 of of IN 34823 3560 5 exchange exchange NN 34823 3560 6 still still RB 34823 3560 7 valid valid JJ 34823 3560 8 ? ? . 34823 3561 1 As as IN 34823 3561 2 a a DT 34823 3561 3 mathematical mathematical JJ 34823 3561 4 formula formula NN 34823 3561 5 , , , 34823 3561 6 yes yes UH 34823 3561 7 . . . 34823 3562 1 As as IN 34823 3562 2 expressing express VBG 34823 3562 3 a a DT 34823 3562 4 causal causal JJ 34823 3562 5 theory theory NN 34823 3562 6 , , , 34823 3562 7 in in IN 34823 3562 8 which which WDT 34823 3562 9 prices price NNS 34823 3562 10 are be VBP 34823 3562 11 effect effect NN 34823 3562 12 , , , 34823 3562 13 and and CC 34823 3562 14 money money NN 34823 3562 15 , , , 34823 3562 16 trade trade NN 34823 3562 17 , , , 34823 3562 18 and and CC 34823 3562 19 velocity velocity NN 34823 3562 20 causes cause NNS 34823 3562 21 , , , 34823 3562 22 no no UH 34823 3562 23 . . . 34823 3563 1 The the DT 34823 3563 2 equation equation NN 34823 3563 3 is be VBZ 34823 3563 4 kept keep VBN 34823 3563 5 straight straight RB 34823 3563 6 by by IN 34823 3563 7 a a DT 34823 3563 8 reduction reduction NN 34823 3563 9 in in IN 34823 3563 10 velocity velocity NN 34823 3563 11 . . . 34823 3564 1 _ _ NNP 34823 3564 2 Because because IN 34823 3564 3 _ _ NNP 34823 3564 4 the the DT 34823 3564 5 wages wage NNS 34823 3564 6 of of IN 34823 3564 7 maid maid NN 34823 3564 8 - - HYPH 34823 3564 9 servants servant NNS 34823 3564 10 are be VBP 34823 3564 11 reduced reduce VBN 34823 3564 12 , , , 34823 3564 13 _ _ NNP 34823 3564 14 less less RBR 34823 3564 15 _ _ NNP 34823 3564 16 money money NN 34823 3564 17 goes go VBZ 34823 3564 18 through through IN 34823 3564 19 their -PRON- PRP$ 34823 3564 20 _ _ NNP 34823 3564 21 hands hand NNS 34823 3564 22 _ _ NNP 34823 3564 23 ; ; : 34823 3564 24 $ $ $ 34823 3564 25 10 10 CD 34823 3564 26 per per IN 34823 3564 27 month month NN 34823 3564 28 per per IN 34823 3564 29 maid maid NN 34823 3564 30 are be VBP 34823 3564 31 short short RB 34823 3564 32 - - HYPH 34823 3564 33 circuited circuit VBN 34823 3564 34 . . . 34823 3565 1 But but CC 34823 3565 2 the the DT 34823 3565 3 _ _ NNP 34823 3565 4 cause cause NN 34823 3565 5 _ _ NNP 34823 3565 6 is be VBZ 34823 3565 7 with with IN 34823 3565 8 the the DT 34823 3565 9 _ _ NNP 34823 3565 10 prices price NNS 34823 3565 11 _ _ NNP 34823 3565 12 . . . 34823 3566 1 The the DT 34823 3566 2 price price NN 34823 3566 3 - - HYPH 34823 3566 4 level level NN 34823 3566 5 , , , 34823 3566 6 even even RB 34823 3566 7 under under IN 34823 3566 8 these these DT 34823 3566 9 absolutely absolutely RB 34823 3566 10 rigorous rigorous JJ 34823 3566 11 assumptions assumption NNS 34823 3566 12 , , , 34823 3566 13 is be VBZ 34823 3566 14 not not RB 34823 3566 15 passive passive JJ 34823 3566 16 . . . 34823 3567 1 In in IN 34823 3567 2 general general JJ 34823 3567 3 , , , 34823 3567 4 I -PRON- PRP 34823 3567 5 conclude conclude VBP 34823 3567 6 that that IN 34823 3567 7 the the DT 34823 3567 8 price price NN 34823 3567 9 - - HYPH 34823 3567 10 level level NN 34823 3567 11 , , , 34823 3567 12 under under IN 34823 3567 13 the the DT 34823 3567 14 laws law NNS 34823 3567 15 governing govern VBG 34823 3567 16 particular particular JJ 34823 3567 17 prices price NNS 34823 3567 18 , , , 34823 3567 19 supply supply NN 34823 3567 20 and and CC 34823 3567 21 demand demand NN 34823 3567 22 , , , 34823 3567 23 cost cost NN 34823 3567 24 of of IN 34823 3567 25 production production NN 34823 3567 26 , , , 34823 3567 27 the the DT 34823 3567 28 capitalization capitalization NN 34823 3567 29 theory theory NN 34823 3567 30 , , , 34823 3567 31 the the DT 34823 3567 32 imputation imputation NN 34823 3567 33 theory theory NN 34823 3567 34 , , , 34823 3567 35 etc etc FW 34823 3567 36 . . . 34823 3567 37 , , , 34823 3567 38 can can MD 34823 3567 39 vary vary VB 34823 3567 40 of of IN 34823 3567 41 its -PRON- PRP$ 34823 3567 42 own own JJ 34823 3567 43 initiative initiative NN 34823 3567 44 , , , 34823 3567 45 independently independently RB 34823 3567 46 of of IN 34823 3567 47 prior prior JJ 34823 3567 48 changes change NNS 34823 3567 49 in in IN 34823 3567 50 the the DT 34823 3567 51 quantity quantity NN 34823 3567 52 of of IN 34823 3567 53 money money NN 34823 3567 54 , , , 34823 3567 55 or or CC 34823 3567 56 of of IN 34823 3567 57 volume volume NN 34823 3567 58 of of IN 34823 3567 59 trade trade NN 34823 3567 60 , , , 34823 3567 61 or or CC 34823 3567 62 other other JJ 34823 3567 63 factors factor NNS 34823 3567 64 that that WDT 34823 3567 65 the the DT 34823 3567 66 quantity quantity NN 34823 3567 67 theory theory NN 34823 3567 68 stresses stress VBZ 34823 3567 69 ; ; : 34823 3567 70 and and CC 34823 3567 71 that that IN 34823 3567 72 these these DT 34823 3567 73 changes change NNS 34823 3567 74 in in IN 34823 3567 75 the the DT 34823 3567 76 price price NN 34823 3567 77 - - HYPH 34823 3567 78 level level NN 34823 3567 79 ( ( -LRB- 34823 3567 80 or or CC 34823 3567 81 in in IN 34823 3567 82 the the DT 34823 3567 83 particular particular JJ 34823 3567 84 prices price NNS 34823 3567 85 which which WDT 34823 3567 86 govern govern VBP 34823 3567 87 the the DT 34823 3567 88 price price NN 34823 3567 89 - - HYPH 34823 3567 90 level level NN 34823 3567 91 ) ) -RRB- 34823 3567 92 can can MD 34823 3567 93 maintain maintain VB 34823 3567 94 themselves -PRON- PRP 34823 3567 95 , , , 34823 3567 96 and and CC 34823 3567 97 compel compel VB 34823 3567 98 a a DT 34823 3567 99 readjustment readjustment NN 34823 3567 100 in in IN 34823 3567 101 trade trade NN 34823 3567 102 , , , 34823 3567 103 credit credit NN 34823 3567 104 , , , 34823 3567 105 money money NN 34823 3567 106 and and CC 34823 3567 107 velocities velocity NNS 34823 3567 108 , , , 34823 3567 109 to to TO 34823 3567 110 correspond correspond VB 34823 3567 111 . . . 34823 3568 1 This this DT 34823 3568 2 conclusion conclusion NN 34823 3568 3 strikes strike VBZ 34823 3568 4 at at IN 34823 3568 5 the the DT 34823 3568 6 very very JJ 34823 3568 7 heart heart NN 34823 3568 8 of of IN 34823 3568 9 the the DT 34823 3568 10 quantity quantity NN 34823 3568 11 theory theory NN 34823 3568 12 , , , 34823 3568 13 and and CC 34823 3568 14 , , , 34823 3568 15 if if IN 34823 3568 16 valid valid JJ 34823 3568 17 , , , 34823 3568 18 leaves leave VBZ 34823 3568 19 the the DT 34823 3568 20 quantity quantity NN 34823 3568 21 theory theory NN 34823 3568 22 disproved disprove VBD 34823 3568 23 . . . 34823 3569 1 More more RBR 34823 3569 2 fundamentally fundamentally RB 34823 3569 3 , , , 34823 3569 4 I -PRON- PRP 34823 3569 5 should should MD 34823 3569 6 put put VB 34823 3569 7 it -PRON- PRP 34823 3569 8 , , , 34823 3569 9 prices price NNS 34823 3569 10 can can MD 34823 3569 11 change change VB 34823 3569 12 because because IN 34823 3569 13 of of IN 34823 3569 14 changes change NNS 34823 3569 15 in in IN 34823 3569 16 the the DT 34823 3569 17 psychological psychological JJ 34823 3569 18 values value NNS 34823 3569 19 of of IN 34823 3569 20 goods good NNS 34823 3569 21 . . . 34823 3570 1 These these DT 34823 3570 2 values value NNS 34823 3570 3 are be VBP 34823 3570 4 _ _ NNP 34823 3570 5 social social JJ 34823 3570 6 _ _ NNP 34823 3570 7 values value NNS 34823 3570 8 , , , 34823 3570 9 and and CC 34823 3570 10 are be VBP 34823 3570 11 to to TO 34823 3570 12 be be VB 34823 3570 13 explained explain VBN 34823 3570 14 only only RB 34823 3570 15 by by IN 34823 3570 16 a a DT 34823 3570 17 social social JJ 34823 3570 18 psychology psychology NN 34823 3570 19 . . . 34823 3571 1 But but CC 34823 3571 2 for for IN 34823 3571 3 the the DT 34823 3571 4 present present NN 34823 3571 5 it -PRON- PRP 34823 3571 6 has have VBZ 34823 3571 7 seemed seem VBN 34823 3571 8 best good JJS 34823 3571 9 to to IN 34823 3571 10 me -PRON- PRP 34823 3571 11 , , , 34823 3571 12 as as IN 34823 3571 13 a a DT 34823 3571 14 means means NN 34823 3571 15 of of IN 34823 3571 16 attracting attract VBG 34823 3571 17 sympathetic sympathetic JJ 34823 3571 18 attention attention NN 34823 3571 19 from from IN 34823 3571 20 a a DT 34823 3571 21 wider wide JJR 34823 3571 22 circle circle NN 34823 3571 23 of of IN 34823 3571 24 economists economist NNS 34823 3571 25 , , , 34823 3571 26 to to TO 34823 3571 27 make make VB 34823 3571 28 use use NN 34823 3571 29 of of IN 34823 3571 30 the the DT 34823 3571 31 less less RBR 34823 3571 32 debated debate VBN 34823 3571 33 doctrines doctrine NNS 34823 3571 34 of of IN 34823 3571 35 the the DT 34823 3571 36 science science NN 34823 3571 37 in in IN 34823 3571 38 attacking attack VBG 34823 3571 39 the the DT 34823 3571 40 quantity quantity NN 34823 3571 41 theory theory NN 34823 3571 42 . . . 34823 3572 1 It -PRON- PRP 34823 3572 2 is be VBZ 34823 3572 3 not not RB 34823 3572 4 necessary necessary JJ 34823 3572 5 to to TO 34823 3572 6 rest rest VB 34823 3572 7 the the DT 34823 3572 8 case case NN 34823 3572 9 on on IN 34823 3572 10 my -PRON- PRP$ 34823 3572 11 own own JJ 34823 3572 12 special special JJ 34823 3572 13 theory theory NN 34823 3572 14 of of IN 34823 3572 15 value value NN 34823 3572 16 . . . 34823 3573 1 Supply supply NN 34823 3573 2 and and CC 34823 3573 3 demand demand NN 34823 3573 4 , , , 34823 3573 5 cost cost NN 34823 3573 6 of of IN 34823 3573 7 production production NN 34823 3573 8 , , , 34823 3573 9 the the DT 34823 3573 10 capitalization capitalization NN 34823 3573 11 theory theory NN 34823 3573 12 , , , 34823 3573 13 the the DT 34823 3573 14 imputation imputation NN 34823 3573 15 theory theory NN 34823 3573 16 -- -- : 34823 3573 17 the the DT 34823 3573 18 general general JJ 34823 3573 19 laws law NNS 34823 3573 20 of of IN 34823 3573 21 the the DT 34823 3573 22 concatenations concatenation NNS 34823 3573 23 and and CC 34823 3573 24 interrelations interrelation NNS 34823 3573 25 of of IN 34823 3573 26 prices price NNS 34823 3573 27 -- -- : 34823 3573 28 are be VBP 34823 3573 29 quite quite RB 34823 3573 30 adequate adequate JJ 34823 3573 31 for for IN 34823 3573 32 the the DT 34823 3573 33 confutation confutation NN 34823 3573 34 of of IN 34823 3573 35 the the DT 34823 3573 36 quantity quantity NN 34823 3573 37 theory theory NN 34823 3573 38 . . . 34823 3574 1 They -PRON- PRP 34823 3574 2 are be VBP 34823 3574 3 laws law NNS 34823 3574 4 concerned concern VBN 34823 3574 5 with with IN 34823 3574 6 particular particular JJ 34823 3574 7 prices price NNS 34823 3574 8 , , , 34823 3574 9 and and CC 34823 3574 10 the the DT 34823 3574 11 price price NN 34823 3574 12 - - HYPH 34823 3574 13 level level NN 34823 3574 14 is be VBZ 34823 3574 15 nothing nothing NN 34823 3574 16 but but IN 34823 3574 17 the the DT 34823 3574 18 average average NN 34823 3574 19 of of IN 34823 3574 20 particular particular JJ 34823 3574 21 prices price NNS 34823 3574 22 . . . 34823 3575 1 Whatever whatever WDT 34823 3575 2 explains explain VBZ 34823 3575 3 , , , 34823 3575 4 really really RB 34823 3575 5 explains explain VBZ 34823 3575 6 , , , 34823 3575 7 the the DT 34823 3575 8 particular particular JJ 34823 3575 9 prices price NNS 34823 3575 10 , , , 34823 3575 11 also also RB 34823 3575 12 explains explain VBZ 34823 3575 13 the the DT 34823 3575 14 price price NN 34823 3575 15 - - HYPH 34823 3575 16 level level NN 34823 3575 17 . . . 34823 3576 1 Fisher Fisher NNP 34823 3576 2 , , , 34823 3576 3 as as IN 34823 3576 4 we -PRON- PRP 34823 3576 5 have have VBP 34823 3576 6 seen see VBN 34823 3576 7 , , , 34823 3576 8 is be VBZ 34823 3576 9 not not RB 34823 3576 10 of of IN 34823 3576 11 this this DT 34823 3576 12 opinion opinion NN 34823 3576 13 . . . 34823 3577 1 Although although IN 34823 3577 2 he -PRON- PRP 34823 3577 3 has have VBZ 34823 3577 4 defined define VBN 34823 3577 5 the the DT 34823 3577 6 price price NN 34823 3577 7 - - HYPH 34823 3577 8 level level NN 34823 3577 9 as as IN 34823 3577 10 an an DT 34823 3577 11 average average NN 34823 3577 12 of of IN 34823 3577 13 particular particular JJ 34823 3577 14 prices[349 prices[349 NNP 34823 3577 15 ] ] -RRB- 34823 3577 16 he -PRON- PRP 34823 3577 17 none none NN 34823 3577 18 the the DT 34823 3577 19 less less JJR 34823 3577 20 exalts exalt NNS 34823 3577 21 this this DT 34823 3577 22 average average NN 34823 3577 23 into into IN 34823 3577 24 a a DT 34823 3577 25 causal causal JJ 34823 3577 26 entity entity NN 34823 3577 27 , , , 34823 3577 28 prior prior RB 34823 3577 29 to to IN 34823 3577 30 and and CC 34823 3577 31 master master NN 34823 3577 32 of of IN 34823 3577 33 the the DT 34823 3577 34 particular particular JJ 34823 3577 35 prices price NNS 34823 3577 36 out out IN 34823 3577 37 of of IN 34823 3577 38 which which WDT 34823 3577 39 it -PRON- PRP 34823 3577 40 is be VBZ 34823 3577 41 derived derive VBN 34823 3577 42 , , , 34823 3577 43 of of IN 34823 3577 44 which which WDT 34823 3577 45 it -PRON- PRP 34823 3577 46 is be VBZ 34823 3577 47 a a DT 34823 3577 48 mere mere JJ 34823 3577 49 average average NN 34823 3577 50 . . . 34823 3578 1 [ [ -LRB- 34823 3578 2 350 350 CD 34823 3578 3 ] ] -RRB- 34823 3578 4 This this DT 34823 3578 5 average average NN 34823 3578 6 , , , 34823 3578 7 he -PRON- PRP 34823 3578 8 maintains maintain VBZ 34823 3578 9 , , , 34823 3578 10 is be VBZ 34823 3578 11 presupposed presuppose VBN 34823 3578 12 in in IN 34823 3578 13 the the DT 34823 3578 14 determination determination NN 34823 3578 15 of of IN 34823 3578 16 all all DT 34823 3578 17 particular particular JJ 34823 3578 18 prices price NNS 34823 3578 19 . . . 34823 3579 1 [ [ -LRB- 34823 3579 2 351 351 CD 34823 3579 3 ] ] -RRB- 34823 3579 4 This this DT 34823 3579 5 seems seem VBZ 34823 3579 6 to to IN 34823 3579 7 me -PRON- PRP 34823 3579 8 a a DT 34823 3579 9 wholly wholly RB 34823 3579 10 untenable untenable JJ 34823 3579 11 position position NN 34823 3579 12 . . . 34823 3580 1 _ _ NNP 34823 3580 2 Ex Ex NNP 34823 3580 3 nihilo nihilo NNP 34823 3580 4 nihil nihil NNP 34823 3580 5 fit fit NNP 34823 3580 6 . . . 34823 3580 7 _ _ NNP 34823 3580 8 There there EX 34823 3580 9 can can MD 34823 3580 10 not not RB 34823 3580 11 be be VB 34823 3580 12 _ _ NNP 34823 3580 13 more more RBR 34823 3580 14 _ _ NNP 34823 3580 15 in in IN 34823 3580 16 the the DT 34823 3580 17 average average NN 34823 3580 18 than than IN 34823 3580 19 there there EX 34823 3580 20 is be VBZ 34823 3580 21 in in IN 34823 3580 22 the the DT 34823 3580 23 particulars particular NNS 34823 3580 24 from from IN 34823 3580 25 which which WDT 34823 3580 26 it -PRON- PRP 34823 3580 27 is be VBZ 34823 3580 28 derived derive VBN 34823 3580 29 . . . 34823 3581 1 In in IN 34823 3581 2 point point NN 34823 3581 3 of of IN 34823 3581 4 fact fact NN 34823 3581 5 , , , 34823 3581 6 there there EX 34823 3581 7 is be VBZ 34823 3581 8 necessarily necessarily RB 34823 3581 9 vastly vastly RB 34823 3581 10 less less JJR 34823 3581 11 . . . 34823 3582 1 All all PDT 34823 3582 2 the the DT 34823 3582 3 concrete concrete JJ 34823 3582 4 causation causation NN 34823 3582 5 is be VBZ 34823 3582 6 lost lose VBN 34823 3582 7 . . . 34823 3583 1 The the DT 34823 3583 2 average average NN 34823 3583 3 , , , 34823 3583 4 in in IN 34823 3583 5 itself -PRON- PRP 34823 3583 6 , , , 34823 3583 7 is be VBZ 34823 3583 8 nothing nothing NN 34823 3583 9 but but IN 34823 3583 10 a a DT 34823 3583 11 _ _ NNP 34823 3583 12 statement statement NN 34823 3583 13 _ _ NNP 34823 3583 14 , , , 34823 3583 15 a a DT 34823 3583 16 summary summary NN 34823 3583 17 of of IN 34823 3583 18 _ _ NNP 34823 3583 19 results result NNS 34823 3583 20 _ _ NNP 34823 3583 21 . . . 34823 3584 1 I -PRON- PRP 34823 3584 2 know know VBP 34823 3584 3 nothing nothing NN 34823 3584 4 more more RBR 34823 3584 5 metaphysical metaphysical JJ 34823 3584 6 in in IN 34823 3584 7 the the DT 34823 3584 8 history history NN 34823 3584 9 of of IN 34823 3584 10 economic economic JJ 34823 3584 11 theory theory NN 34823 3584 12 than than IN 34823 3584 13 this this DT 34823 3584 14 hypostasis hypostasis NN 34823 3584 15 of of IN 34823 3584 16 an an DT 34823 3584 17 average average NN 34823 3584 18 . . . 34823 3585 1 [ [ -LRB- 34823 3585 2 352 352 CD 34823 3585 3 ] ] -RRB- 34823 3585 4 I -PRON- PRP 34823 3585 5 reject reject VBP 34823 3585 6 Fisher Fisher NNP 34823 3585 7 's 's POS 34823 3585 8 notion notion NN 34823 3585 9 that that IN 34823 3585 10 the the DT 34823 3585 11 average average NN 34823 3585 12 of of IN 34823 3585 13 prices price NNS 34823 3585 14 is be VBZ 34823 3585 15 an an DT 34823 3585 16 independent independent JJ 34823 3585 17 entity entity NN 34823 3585 18 . . . 34823 3586 1 But but CC 34823 3586 2 I -PRON- PRP 34823 3586 3 do do VBP 34823 3586 4 not not RB 34823 3586 5 consider consider VB 34823 3586 6 that that IN 34823 3586 7 the the DT 34823 3586 8 idea idea NN 34823 3586 9 lying lie VBG 34823 3586 10 behind behind IN 34823 3586 11 this this DT 34823 3586 12 untenable untenable JJ 34823 3586 13 doctrine doctrine NN 34823 3586 14 is be VBZ 34823 3586 15 absurd absurd JJ 34823 3586 16 . . . 34823 3587 1 Cost cost NN 34823 3587 2 of of IN 34823 3587 3 production production NN 34823 3587 4 , , , 34823 3587 5 supply supply NN 34823 3587 6 and and CC 34823 3587 7 demand demand NN 34823 3587 8 , , , 34823 3587 9 and and CC 34823 3587 10 the the DT 34823 3587 11 other other JJ 34823 3587 12 price price NN 34823 3587 13 theories theory NNS 34823 3587 14 _ _ NNP 34823 3587 15 do do VBP 34823 3587 16 _ _ NNP 34823 3587 17 presuppose presuppose VB 34823 3587 18 something something NN 34823 3587 19 more more RBR 34823 3587 20 fundamental fundamental JJ 34823 3587 21 . . . 34823 3588 1 They -PRON- PRP 34823 3588 2 do do VBP 34823 3588 3 presuppose presuppose VB 34823 3588 4 _ _ NNP 34823 3588 5 money money NN 34823 3588 6 _ _ NNP 34823 3588 7 , , , 34823 3588 8 and and CC 34823 3588 9 the the DT 34823 3588 10 _ _ NNP 34823 3588 11 value value NN 34823 3588 12 _ _ NNP 34823 3588 13 of of IN 34823 3588 14 money money NN 34823 3588 15 , , , 34823 3588 16 as as IN 34823 3588 17 has have VBZ 34823 3588 18 been be VBN 34823 3588 19 shown show VBN 34823 3588 20 at at IN 34823 3588 21 length length NN 34823 3588 22 in in IN 34823 3588 23 Part Part NNP 34823 3588 24 I. I. NNP 34823 3589 1 The the DT 34823 3589 2 trouble trouble NN 34823 3589 3 with with IN 34823 3589 4 Fisher Fisher NNP 34823 3589 5 's 's POS 34823 3589 6 notion notion NN 34823 3589 7 comes come VBZ 34823 3589 8 in in IN 34823 3589 9 his -PRON- PRP$ 34823 3589 10 definition definition NN 34823 3589 11 of of IN 34823 3589 12 the the DT 34823 3589 13 value value NN 34823 3589 14 of of IN 34823 3589 15 money money NN 34823 3589 16 in in IN 34823 3589 17 purely purely RB 34823 3589 18 relative relative JJ 34823 3589 19 terms term NNS 34823 3589 20 as as IN 34823 3589 21 the the DT 34823 3589 22 _ _ NNP 34823 3589 23 reciprocal reciprocal JJ 34823 3589 24 of of IN 34823 3589 25 the the DT 34823 3589 26 price price NN 34823 3589 27 - - HYPH 34823 3589 28 level level NN 34823 3589 29 _ _ NN 34823 3589 30 , , , 34823 3589 31 and and CC 34823 3589 32 his -PRON- PRP$ 34823 3589 33 contention contention NN 34823 3589 34 that that IN 34823 3589 35 the the DT 34823 3589 36 study study NN 34823 3589 37 of of IN 34823 3589 38 the the DT 34823 3589 39 value value NN 34823 3589 40 of of IN 34823 3589 41 money money NN 34823 3589 42 is be VBZ 34823 3589 43 identical identical JJ 34823 3589 44 with with IN 34823 3589 45 the the DT 34823 3589 46 study study NN 34823 3589 47 of of IN 34823 3589 48 price price NN 34823 3589 49 - - HYPH 34823 3589 50 levels level NNS 34823 3589 51 . . . 34823 3590 1 [ [ -LRB- 34823 3590 2 353 353 CD 34823 3590 3 ] ] -RRB- 34823 3590 4 Value value NN 34823 3590 5 is be VBZ 34823 3590 6 not not RB 34823 3590 7 a a DT 34823 3590 8 mere mere JJ 34823 3590 9 exchange exchange NN 34823 3590 10 relation relation NN 34823 3590 11 . . . 34823 3591 1 [ [ -LRB- 34823 3591 2 354 354 CD 34823 3591 3 ] ] -RRB- 34823 3591 4 Rather rather RB 34823 3591 5 , , , 34823 3591 6 every every DT 34823 3591 7 exchange exchange NN 34823 3591 8 relation relation NN 34823 3591 9 involves involve VBZ 34823 3591 10 _ _ NNP 34823 3591 11 two two CD 34823 3591 12 _ _ NNP 34823 3591 13 values value NNS 34823 3591 14 , , , 34823 3591 15 the the DT 34823 3591 16 values value NNS 34823 3591 17 of of IN 34823 3591 18 the the DT 34823 3591 19 two two CD 34823 3591 20 objects object NNS 34823 3591 21 exchanged exchange VBD 34823 3591 22 . . . 34823 3592 1 These these DT 34823 3592 2 two two CD 34823 3592 3 values value NNS 34823 3592 4 _ _ IN 34823 3592 5 causally causally RB 34823 3592 6 _ _ NNP 34823 3592 7 determine determine NN 34823 3592 8 that that DT 34823 3592 9 exchange exchange NN 34823 3592 10 relation relation NN 34823 3592 11 . . . 34823 3593 1 In in IN 34823 3593 2 the the DT 34823 3593 3 case case NN 34823 3593 4 of of IN 34823 3593 5 particular particular JJ 34823 3593 6 prices price NNS 34823 3593 7 , , , 34823 3593 8 then then RB 34823 3593 9 , , , 34823 3593 10 we -PRON- PRP 34823 3593 11 must must MD 34823 3593 12 consider consider VB 34823 3593 13 not not RB 34823 3593 14 only only RB 34823 3593 15 the the DT 34823 3593 16 value value NN 34823 3593 17 of of IN 34823 3593 18 goods good NNS 34823 3593 19 , , , 34823 3593 20 but but CC 34823 3593 21 also also RB 34823 3593 22 the the DT 34823 3593 23 value value NN 34823 3593 24 of of IN 34823 3593 25 money money NN 34823 3593 26 . . . 34823 3594 1 And and CC 34823 3594 2 the the DT 34823 3594 3 causes cause NNS 34823 3594 4 determining determine VBG 34823 3594 5 the the DT 34823 3594 6 general general JJ 34823 3594 7 price price NN 34823 3594 8 - - HYPH 34823 3594 9 level level NN 34823 3594 10 will will MD 34823 3594 11 therefore therefore RB 34823 3594 12 include include VB 34823 3594 13 not not RB 34823 3594 14 alone alone RB 34823 3594 15 the the DT 34823 3594 16 values value NNS 34823 3594 17 of of IN 34823 3594 18 goods good NNS 34823 3594 19 , , , 34823 3594 20 but but CC 34823 3594 21 also also RB 34823 3594 22 the the DT 34823 3594 23 value value NN 34823 3594 24 of of IN 34823 3594 25 money money NN 34823 3594 26 . . . 34823 3595 1 In in IN 34823 3595 2 the the DT 34823 3595 3 foregoing foregoing JJ 34823 3595 4 arguments argument NNS 34823 3595 5 by by IN 34823 3595 6 which which WDT 34823 3595 7 I -PRON- PRP 34823 3595 8 have have VBP 34823 3595 9 shown show VBN 34823 3595 10 that that IN 34823 3595 11 the the DT 34823 3595 12 price price NN 34823 3595 13 - - HYPH 34823 3595 14 level level NN 34823 3595 15 can can MD 34823 3595 16 vary vary VB 34823 3595 17 independently independently RB 34823 3595 18 of of IN 34823 3595 19 the the DT 34823 3595 20 other other JJ 34823 3595 21 factors factor NNS 34823 3595 22 in in IN 34823 3595 23 the the DT 34823 3595 24 quantity quantity NN 34823 3595 25 theory theory NN 34823 3595 26 scheme scheme NN 34823 3595 27 , , , 34823 3595 28 I -PRON- PRP 34823 3595 29 have have VBP 34823 3595 30 been be VBN 34823 3595 31 concerned concern VBN 34823 3595 32 only only RB 34823 3595 33 with with IN 34823 3595 34 changes change NNS 34823 3595 35 in in IN 34823 3595 36 the the DT 34823 3595 37 values value NNS 34823 3595 38 of of IN 34823 3595 39 goods good NNS 34823 3595 40 , , , 34823 3595 41 measured measure VBN 34823 3595 42 by by IN 34823 3595 43 a a DT 34823 3595 44 constant constant JJ 34823 3595 45 unit unit NN 34823 3595 46 of of IN 34823 3595 47 value value NN 34823 3595 48 . . . 34823 3596 1 If if IN 34823 3596 2 the the DT 34823 3596 3 value value NN 34823 3596 4 of of IN 34823 3596 5 money money NN 34823 3596 6 should should MD 34823 3596 7 also also RB 34823 3596 8 be be VB 34823 3596 9 varying vary VBG 34823 3596 10 , , , 34823 3596 11 the the DT 34823 3596 12 concrete concrete JJ 34823 3596 13 results result NNS 34823 3596 14 on on IN 34823 3596 15 the the DT 34823 3596 16 price price NN 34823 3596 17 - - HYPH 34823 3596 18 level level NN 34823 3596 19 would would MD 34823 3596 20 have have VB 34823 3596 21 been be VBN 34823 3596 22 different different JJ 34823 3596 23 . . . 34823 3597 1 On on IN 34823 3597 2 the the DT 34823 3597 3 face face NN 34823 3597 4 of of IN 34823 3597 5 things thing NNS 34823 3597 6 , , , 34823 3597 7 there there EX 34823 3597 8 was be VBD 34823 3597 9 nothing nothing NN 34823 3597 10 in in IN 34823 3597 11 the the DT 34823 3597 12 cases case NNS 34823 3597 13 I -PRON- PRP 34823 3597 14 discussed discuss VBD 34823 3597 15 to to TO 34823 3597 16 require require VB 34823 3597 17 us -PRON- PRP 34823 3597 18 to to TO 34823 3597 19 suppose suppose VB 34823 3597 20 that that IN 34823 3597 21 the the DT 34823 3597 22 value value NN 34823 3597 23 of of IN 34823 3597 24 money money NN 34823 3597 25 would would MD 34823 3597 26 also also RB 34823 3597 27 vary vary VB 34823 3597 28 . . . 34823 3598 1 The the DT 34823 3598 2 argument argument NN 34823 3598 3 ran run VBD 34823 3598 4 on on IN 34823 3598 5 the the DT 34823 3598 6 assumption assumption NN 34823 3598 7 of of IN 34823 3598 8 a a DT 34823 3598 9 fixed fix VBN 34823 3598 10 value value NN 34823 3598 11 of of IN 34823 3598 12 money money NN 34823 3598 13 . . . 34823 3599 1 I -PRON- PRP 34823 3599 2 have have VBP 34823 3599 3 shown show VBN 34823 3599 4 , , , 34823 3599 5 in in IN 34823 3599 6 earlier early JJR 34823 3599 7 chapters chapter NNS 34823 3599 8 , , , 34823 3599 9 that that IN 34823 3599 10 the the DT 34823 3599 11 assumption assumption NN 34823 3599 12 of of IN 34823 3599 13 a a DT 34823 3599 14 fixed fix VBN 34823 3599 15 value value NN 34823 3599 16 of of IN 34823 3599 17 money money NN 34823 3599 18 is be VBZ 34823 3599 19 fundamental fundamental JJ 34823 3599 20 to to IN 34823 3599 21 the the DT 34823 3599 22 laws law NNS 34823 3599 23 of of IN 34823 3599 24 supply supply NN 34823 3599 25 and and CC 34823 3599 26 demand demand NN 34823 3599 27 , , , 34823 3599 28 cost cost NN 34823 3599 29 of of IN 34823 3599 30 production production NN 34823 3599 31 , , , 34823 3599 32 and and CC 34823 3599 33 the the DT 34823 3599 34 capitalization capitalization NN 34823 3599 35 theory theory NN 34823 3599 36 . . . 34823 3600 1 In in IN 34823 3600 2 point point NN 34823 3600 3 of of IN 34823 3600 4 fact fact NN 34823 3600 5 , , , 34823 3600 6 this this DT 34823 3600 7 assumption assumption NN 34823 3600 8 is be VBZ 34823 3600 9 rarely rarely RB 34823 3600 10 true true JJ 34823 3600 11 -- -- : 34823 3600 12 never never RB 34823 3600 13 strictly strictly RB 34823 3600 14 true true JJ 34823 3600 15 . . . 34823 3601 1 For for IN 34823 3601 2 causes cause NNS 34823 3601 3 which which WDT 34823 3601 4 are be VBP 34823 3601 5 in in IN 34823 3601 6 considerable considerable JJ 34823 3601 7 degree degree NN 34823 3601 8 independent independent JJ 34823 3601 9 of of IN 34823 3601 10 the the DT 34823 3601 11 causes cause NNS 34823 3601 12 governing govern VBG 34823 3601 13 the the DT 34823 3601 14 values value NNS 34823 3601 15 of of IN 34823 3601 16 goods good NNS 34823 3601 17 ( ( -LRB- 34823 3601 18 as as IN 34823 3601 19 the the DT 34823 3601 20 causes cause NNS 34823 3601 21 governing govern VBG 34823 3601 22 their -PRON- PRP$ 34823 3601 23 values value NNS 34823 3601 24 are be VBP 34823 3601 25 in in IN 34823 3601 26 considerable considerable JJ 34823 3601 27 degree degree NN 34823 3601 28 independent independent JJ 34823 3601 29 of of IN 34823 3601 30 one one NN 34823 3601 31 another another DT 34823 3601 32 ) ) -RRB- 34823 3601 33 , , , 34823 3601 34 the the DT 34823 3601 35 value value NN 34823 3601 36 of of IN 34823 3601 37 money money NN 34823 3601 38 varies vary VBZ 34823 3601 39 , , , 34823 3601 40 now now RB 34823 3601 41 in in IN 34823 3601 42 the the DT 34823 3601 43 same same JJ 34823 3601 44 direction direction NN 34823 3601 45 as as IN 34823 3601 46 the the DT 34823 3601 47 values value NNS 34823 3601 48 of of IN 34823 3601 49 goods good NNS 34823 3601 50 in in IN 34823 3601 51 general general JJ 34823 3601 52 , , , 34823 3601 53 now now RB 34823 3601 54 in in IN 34823 3601 55 an an DT 34823 3601 56 opposite opposite JJ 34823 3601 57 direction direction NN 34823 3601 58 . . . 34823 3602 1 Further further RB 34823 3602 2 , , , 34823 3602 3 money money NN 34823 3602 4 itself -PRON- PRP 34823 3602 5 does do VBZ 34823 3602 6 not not RB 34823 3602 7 escape escape VB 34823 3602 8 the the DT 34823 3602 9 general general JJ 34823 3602 10 laws law NNS 34823 3602 11 of of IN 34823 3602 12 concatenation concatenation NN 34823 3602 13 of of IN 34823 3602 14 values value NNS 34823 3602 15 . . . 34823 3603 1 The the DT 34823 3603 2 value value NN 34823 3603 3 of of IN 34823 3603 4 money money NN 34823 3603 5 has have VBZ 34823 3603 6 causes cause NNS 34823 3603 7 which which WDT 34823 3603 8 are be VBP 34823 3603 9 bound bind VBN 34823 3603 10 up up RP 34823 3603 11 with with IN 34823 3603 12 the the DT 34823 3603 13 values value NNS 34823 3603 14 of of IN 34823 3603 15 other other JJ 34823 3603 16 goods good NNS 34823 3603 17 . . . 34823 3604 1 Thus thus RB 34823 3604 2 , , , 34823 3604 3 when when WRB 34823 3604 4 prices price NNS 34823 3604 5 are be VBP 34823 3604 6 rising rise VBG 34823 3604 7 and and CC 34823 3604 8 trade trade NN 34823 3604 9 expanding expanding NN 34823 3604 10 , , , 34823 3604 11 there there EX 34823 3604 12 is be VBZ 34823 3604 13 a a DT 34823 3604 14 tendency tendency NN 34823 3604 15 -- -- : 34823 3604 16 commonly commonly RB 34823 3604 17 a a DT 34823 3604 18 minor minor JJ 34823 3604 19 tendency tendency NN 34823 3604 20 -- -- : 34823 3604 21 for for IN 34823 3604 22 money money NN 34823 3604 23 also also RB 34823 3604 24 to to TO 34823 3604 25 rise rise VB 34823 3604 26 in in IN 34823 3604 27 value value NN 34823 3604 28 , , , 34823 3604 29 and and CC 34823 3604 30 so so RB 34823 3604 31 prices price NNS 34823 3604 32 do do VBP 34823 3604 33 not not RB 34823 3604 34 go go VB 34823 3604 35 quite quite RB 34823 3604 36 as as RB 34823 3604 37 high high JJ 34823 3604 38 as as IN 34823 3604 39 they -PRON- PRP 34823 3604 40 would would MD 34823 3604 41 have have VB 34823 3604 42 gone go VBN 34823 3604 43 had have VBN 34823 3604 44 money money NN 34823 3604 45 remained remain VBD 34823 3604 46 constant constant JJ 34823 3604 47 . . . 34823 3605 1 This this DT 34823 3605 2 tendency tendency NN 34823 3605 3 arises arise VBZ 34823 3605 4 from from IN 34823 3605 5 the the DT 34823 3605 6 fact fact NN 34823 3605 7 that that IN 34823 3605 8 there there EX 34823 3605 9 is be VBZ 34823 3605 10 more more JJR 34823 3605 11 work work NN 34823 3605 12 for for IN 34823 3605 13 money money NN 34823 3605 14 to to TO 34823 3605 15 do do VB 34823 3605 16 in in IN 34823 3605 17 a a DT 34823 3605 18 period period NN 34823 3605 19 of of IN 34823 3605 20 active active JJ 34823 3605 21 trade trade NN 34823 3605 22 and and CC 34823 3605 23 rising rise VBG 34823 3605 24 prices price NNS 34823 3605 25 . . . 34823 3606 1 Gold gold NN 34823 3606 2 also also RB 34823 3606 3 tends tend VBZ 34823 3606 4 to to TO 34823 3606 5 rise rise VB 34823 3606 6 in in IN 34823 3606 7 value value NN 34823 3606 8 in in IN 34823 3606 9 the the DT 34823 3606 10 arts art NNS 34823 3606 11 , , , 34823 3606 12 with with IN 34823 3606 13 prosperity prosperity NN 34823 3606 14 . . . 34823 3607 1 The the DT 34823 3607 2 reverse reverse JJ 34823 3607 3 tendency tendency NN 34823 3607 4 manifests manifest VBZ 34823 3607 5 itself -PRON- PRP 34823 3607 6 when when WRB 34823 3607 7 prices price NNS 34823 3607 8 are be VBP 34823 3607 9 falling fall VBG 34823 3607 10 : : : 34823 3607 11 money money NN 34823 3607 12 tends tend VBZ 34823 3607 13 , , , 34823 3607 14 in in IN 34823 3607 15 some some DT 34823 3607 16 measure measure NN 34823 3607 17 , , , 34823 3607 18 to to TO 34823 3607 19 fall fall VB 34823 3607 20 in in IN 34823 3607 21 value value NN 34823 3607 22 with with IN 34823 3607 23 the the DT 34823 3607 24 goods,[355 goods,[355 NN 34823 3607 25 ] ] -RRB- 34823 3607 26 and and CC 34823 3607 27 so so RB 34823 3607 28 prices price NNS 34823 3607 29 do do VBP 34823 3607 30 not not RB 34823 3607 31 fall fall VB 34823 3607 32 as as RB 34823 3607 33 far far RB 34823 3607 34 as as IN 34823 3607 35 they -PRON- PRP 34823 3607 36 would would MD 34823 3607 37 fall fall VB 34823 3607 38 if if IN 34823 3607 39 money money NN 34823 3607 40 remained remain VBD 34823 3607 41 constant constant JJ 34823 3607 42 . . . 34823 3608 1 But but CC 34823 3608 2 in in IN 34823 3608 3 general general JJ 34823 3608 4 , , , 34823 3608 5 the the DT 34823 3608 6 causes cause NNS 34823 3608 7 governing govern VBG 34823 3608 8 the the DT 34823 3608 9 values value NNS 34823 3608 10 of of IN 34823 3608 11 goods good NNS 34823 3608 12 , , , 34823 3608 13 and and CC 34823 3608 14 the the DT 34823 3608 15 causes cause NNS 34823 3608 16 governing govern VBG 34823 3608 17 the the DT 34823 3608 18 value value NN 34823 3608 19 of of IN 34823 3608 20 money money NN 34823 3608 21 , , , 34823 3608 22 are be VBP 34823 3608 23 sufficiently sufficiently RB 34823 3608 24 independent independent JJ 34823 3608 25 to to TO 34823 3608 26 justify justify VB 34823 3608 27 us -PRON- PRP 34823 3608 28 in in IN 34823 3608 29 studying study VBG 34823 3608 30 each each DT 34823 3608 31 separately separately RB 34823 3608 32 , , , 34823 3608 33 in in IN 34823 3608 34 abstraction abstraction NN 34823 3608 35 , , , 34823 3608 36 on on IN 34823 3608 37 the the DT 34823 3608 38 assumption assumption NN 34823 3608 39 that that IN 34823 3608 40 the the DT 34823 3608 41 other other JJ 34823 3608 42 is be VBZ 34823 3608 43 unchanged unchanged JJ 34823 3608 44 . . . 34823 3609 1 Hence hence RB 34823 3609 2 , , , 34823 3609 3 supply supply NN 34823 3609 4 and and CC 34823 3609 5 demand demand NN 34823 3609 6 , , , 34823 3609 7 cost cost NN 34823 3609 8 of of IN 34823 3609 9 production production NN 34823 3609 10 , , , 34823 3609 11 and and CC 34823 3609 12 the the DT 34823 3609 13 other other JJ 34823 3609 14 price price NN 34823 3609 15 theories theory NNS 34823 3609 16 , , , 34823 3609 17 which which WDT 34823 3609 18 assume assume VBP 34823 3609 19 a a DT 34823 3609 20 fixed fix VBN 34823 3609 21 value value NN 34823 3609 22 of of IN 34823 3609 23 money money NN 34823 3609 24 , , , 34823 3609 25 are be VBP 34823 3609 26 proper proper JJ 34823 3609 27 tools tool NNS 34823 3609 28 of of IN 34823 3609 29 thought thought NN 34823 3609 30 for for IN 34823 3609 31 the the DT 34823 3609 32 study study NN 34823 3609 33 of of IN 34823 3609 34 the the DT 34823 3609 35 prices price NNS 34823 3609 36 of of IN 34823 3609 37 goods good NNS 34823 3609 38 . . . 34823 3610 1 CHAPTER chapter NN 34823 3610 2 XVI XVI NNP 34823 3610 3 THE the DT 34823 3610 4 QUANTITY QUANTITY NNP 34823 3610 5 THEORY theory NN 34823 3610 6 AND and CC 34823 3610 7 INTERNATIONAL INTERNATIONAL NNP 34823 3610 8 GOLD gold NN 34823 3610 9 MOVEMENTS movement NNS 34823 3610 10 The the DT 34823 3610 11 quantity quantity NN 34823 3610 12 theory theory NN 34823 3610 13 explanation explanation NN 34823 3610 14 of of IN 34823 3610 15 international international JJ 34823 3610 16 gold gold NN 34823 3610 17 movements movement NNS 34823 3610 18 is be VBZ 34823 3610 19 as as IN 34823 3610 20 follows follow VBZ 34823 3610 21 : : : 34823 3610 22 if if IN 34823 3610 23 money money NN 34823 3610 24 comes come VBZ 34823 3610 25 into into IN 34823 3610 26 a a DT 34823 3610 27 country country NN 34823 3610 28 , , , 34823 3610 29 it -PRON- PRP 34823 3610 30 raises raise VBZ 34823 3610 31 prices price NNS 34823 3610 32 . . . 34823 3611 1 If if IN 34823 3611 2 the the DT 34823 3611 3 price price NN 34823 3611 4 - - HYPH 34823 3611 5 level level NN 34823 3611 6 of of IN 34823 3611 7 the the DT 34823 3611 8 country country NN 34823 3611 9 is be VBZ 34823 3611 10 raised raise VBN 34823 3611 11 more more RBR 34823 3611 12 rapidly rapidly RB 34823 3611 13 than than IN 34823 3611 14 the the DT 34823 3611 15 price price NN 34823 3611 16 - - HYPH 34823 3611 17 levels level NNS 34823 3611 18 of of IN 34823 3611 19 other other JJ 34823 3611 20 countries country NNS 34823 3611 21 are be VBP 34823 3611 22 rising rise VBG 34823 3611 23 , , , 34823 3611 24 then then RB 34823 3611 25 the the DT 34823 3611 26 country country NN 34823 3611 27 becomes become VBZ 34823 3611 28 a a DT 34823 3611 29 bad bad JJ 34823 3611 30 place place NN 34823 3611 31 in in IN 34823 3611 32 which which WDT 34823 3611 33 to to TO 34823 3611 34 buy buy VB 34823 3611 35 and and CC 34823 3611 36 a a DT 34823 3611 37 good good JJ 34823 3611 38 place place NN 34823 3611 39 in in IN 34823 3611 40 which which WDT 34823 3611 41 to to TO 34823 3611 42 sell sell VB 34823 3611 43 ; ; : 34823 3611 44 its -PRON- PRP$ 34823 3611 45 exports export NNS 34823 3611 46 fall fall VBP 34823 3611 47 off off RP 34823 3611 48 , , , 34823 3611 49 its -PRON- PRP$ 34823 3611 50 imports import NNS 34823 3611 51 increase increase VBP 34823 3611 52 , , , 34823 3611 53 and and CC 34823 3611 54 finally finally RB 34823 3611 55 the the DT 34823 3611 56 inflow inflow NN 34823 3611 57 of of IN 34823 3611 58 money money NN 34823 3611 59 is be VBZ 34823 3611 60 checked check VBN 34823 3611 61 , , , 34823 3611 62 and and CC 34823 3611 63 , , , 34823 3611 64 perhaps perhaps RB 34823 3611 65 , , , 34823 3611 66 money money NN 34823 3611 67 flows flow VBZ 34823 3611 68 out out RP 34823 3611 69 again again RB 34823 3611 70 . . . 34823 3612 1 The the DT 34823 3612 2 equilibrium equilibrium NN 34823 3612 3 of of IN 34823 3612 4 the the DT 34823 3612 5 gold gold JJ 34823 3612 6 supplies supply NNS 34823 3612 7 of of IN 34823 3612 8 different different JJ 34823 3612 9 countries country NNS 34823 3612 10 is be VBZ 34823 3612 11 thus thus RB 34823 3612 12 dependent dependent JJ 34823 3612 13 on on IN 34823 3612 14 the the DT 34823 3612 15 price price NN 34823 3612 16 - - HYPH 34823 3612 17 levels level NNS 34823 3612 18 of of IN 34823 3612 19 the the DT 34823 3612 20 countries country NNS 34823 3612 21 involved involve VBN 34823 3612 22 . . . 34823 3613 1 The the DT 34823 3613 2 quantity quantity NN 34823 3613 3 of of IN 34823 3613 4 gold gold NN 34823 3613 5 in in IN 34823 3613 6 a a DT 34823 3613 7 country country NN 34823 3613 8 determines determine VBZ 34823 3613 9 its -PRON- PRP$ 34823 3613 10 price price NN 34823 3613 11 - - HYPH 34823 3613 12 level level NN 34823 3613 13 , , , 34823 3613 14 and and CC 34823 3613 15 no no DT 34823 3613 16 more more JJR 34823 3613 17 gold gold NN 34823 3613 18 can can MD 34823 3613 19 stay stay VB 34823 3613 20 in in IN 34823 3613 21 a a DT 34823 3613 22 country country NN 34823 3613 23 , , , 34823 3613 24 on on IN 34823 3613 25 this this DT 34823 3613 26 theory theory NN 34823 3613 27 , , , 34823 3613 28 than than IN 34823 3613 29 that that DT 34823 3613 30 amount amount NN 34823 3613 31 which which WDT 34823 3613 32 keeps keep VBZ 34823 3613 33 its -PRON- PRP$ 34823 3613 34 price price NN 34823 3613 35 - - HYPH 34823 3613 36 level level NN 34823 3613 37 in in IN 34823 3613 38 proper proper JJ 34823 3613 39 relation relation NN 34823 3613 40 to to IN 34823 3613 41 the the DT 34823 3613 42 price price NN 34823 3613 43 - - HYPH 34823 3613 44 levels level NNS 34823 3613 45 of of IN 34823 3613 46 other other JJ 34823 3613 47 countries country NNS 34823 3613 48 . . . 34823 3614 1 It -PRON- PRP 34823 3614 2 is be VBZ 34823 3614 3 not not RB 34823 3614 4 necessarily necessarily RB 34823 3614 5 asserted assert VBN 34823 3614 6 that that IN 34823 3614 7 the the DT 34823 3614 8 price price NN 34823 3614 9 - - HYPH 34823 3614 10 levels level NNS 34823 3614 11 of of IN 34823 3614 12 all all DT 34823 3614 13 countries country NNS 34823 3614 14 must must MD 34823 3614 15 be be VB 34823 3614 16 equal equal JJ 34823 3614 17 -- -- : 34823 3614 18 the the DT 34823 3614 19 facts fact NNS 34823 3614 20 too too RB 34823 3614 21 obviously obviously RB 34823 3614 22 contradict contradict VBP 34823 3614 23 that that DT 34823 3614 24 . . . 34823 3615 1 But but CC 34823 3615 2 when when WRB 34823 3615 3 this this DT 34823 3615 4 precise precise JJ 34823 3615 5 statement statement NN 34823 3615 6 is be VBZ 34823 3615 7 not not RB 34823 3615 8 made make VBN 34823 3615 9 , , , 34823 3615 10 the the DT 34823 3615 11 substitute substitute JJ 34823 3615 12 statement statement NN 34823 3615 13 of of IN 34823 3615 14 some some DT 34823 3615 15 " " `` 34823 3615 16 normal normal JJ 34823 3615 17 " " '' 34823 3615 18 relation relation NN 34823 3615 19 between between IN 34823 3615 20 the the DT 34823 3615 21 price price NN 34823 3615 22 - - HYPH 34823 3615 23 level level NN 34823 3615 24 of of IN 34823 3615 25 one one CD 34823 3615 26 country country NN 34823 3615 27 and and CC 34823 3615 28 that that DT 34823 3615 29 of of IN 34823 3615 30 another another DT 34823 3615 31 becomes become VBZ 34823 3615 32 a a DT 34823 3615 33 very very RB 34823 3615 34 vague vague JJ 34823 3615 35 one one NN 34823 3615 36 , , , 34823 3615 37 and and CC 34823 3615 38 the the DT 34823 3615 39 theory theory NN 34823 3615 40 becomes become VBZ 34823 3615 41 pretty pretty RB 34823 3615 42 indefinite indefinite JJ 34823 3615 43 . . . 34823 3616 1 I -PRON- PRP 34823 3616 2 am be VBP 34823 3616 3 here here RB 34823 3616 4 concerned concerned JJ 34823 3616 5 chiefly chiefly RB 34823 3616 6 with with IN 34823 3616 7 one one CD 34823 3616 8 contention contention NN 34823 3616 9 : : : 34823 3616 10 the the DT 34823 3616 11 price-_level price-_level NN 34823 3616 12 _ _ NNP 34823 3616 13 , , , 34823 3616 14 the the DT 34823 3616 15 average average NN 34823 3616 16 of of IN 34823 3616 17 prices price NNS 34823 3616 18 , , , 34823 3616 19 is be VBZ 34823 3616 20 not not RB 34823 3616 21 a a DT 34823 3616 22 _ _ NNP 34823 3616 23 cause cause IN 34823 3616 24 _ _ NNP 34823 3616 25 of of IN 34823 3616 26 anything anything NN 34823 3616 27 -- -- : 34823 3616 28 not not RB 34823 3616 29 of of IN 34823 3616 30 gold gold JJ 34823 3616 31 movements movement NNS 34823 3616 32 or or CC 34823 3616 33 anything anything NN 34823 3616 34 else else RB 34823 3616 35 . . . 34823 3617 1 It -PRON- PRP 34823 3617 2 is be VBZ 34823 3617 3 a a DT 34823 3617 4 mere mere JJ 34823 3617 5 summary summary NN 34823 3617 6 of of IN 34823 3617 7 many many JJ 34823 3617 8 concrete concrete JJ 34823 3617 9 prices price NNS 34823 3617 10 . . . 34823 3618 1 Some some DT 34823 3618 2 of of IN 34823 3618 3 these these DT 34823 3618 4 concrete concrete JJ 34823 3618 5 prices price NNS 34823 3618 6 have have VBP 34823 3618 7 highly highly RB 34823 3618 8 important important JJ 34823 3618 9 influence influence NN 34823 3618 10 on on IN 34823 3618 11 international international JJ 34823 3618 12 gold gold NN 34823 3618 13 movements movement NNS 34823 3618 14 , , , 34823 3618 15 tending tend VBG 34823 3618 16 , , , 34823 3618 17 if if IN 34823 3618 18 they -PRON- PRP 34823 3618 19 are be VBP 34823 3618 20 low low JJ 34823 3618 21 , , , 34823 3618 22 to to TO 34823 3618 23 bring bring VB 34823 3618 24 gold gold NN 34823 3618 25 in in RP 34823 3618 26 , , , 34823 3618 27 and and CC 34823 3618 28 if if IN 34823 3618 29 they -PRON- PRP 34823 3618 30 are be VBP 34823 3618 31 high high JJ 34823 3618 32 , , , 34823 3618 33 to to TO 34823 3618 34 repel repel VB 34823 3618 35 gold gold NN 34823 3618 36 . . . 34823 3619 1 Others other NNS 34823 3619 2 work work VBP 34823 3619 3 in in IN 34823 3619 4 the the DT 34823 3619 5 opposite opposite JJ 34823 3619 6 direction direction NN 34823 3619 7 , , , 34823 3619 8 tending tend VBG 34823 3619 9 if if IN 34823 3619 10 they -PRON- PRP 34823 3619 11 are be VBP 34823 3619 12 low low JJ 34823 3619 13 to to TO 34823 3619 14 attract attract VB 34823 3619 15 less less JJR 34823 3619 16 gold gold NN 34823 3619 17 than than IN 34823 3619 18 if if IN 34823 3619 19 they -PRON- PRP 34823 3619 20 are be VBP 34823 3619 21 high high JJ 34823 3619 22 . . . 34823 3620 1 Finally finally RB 34823 3620 2 , , , 34823 3620 3 among among IN 34823 3620 4 all all PDT 34823 3620 5 the the DT 34823 3620 6 prices price NNS 34823 3620 7 affecting affect VBG 34823 3620 8 international international JJ 34823 3620 9 gold gold NN 34823 3620 10 movements movement NNS 34823 3620 11 , , , 34823 3620 12 the the DT 34823 3620 13 one one NN 34823 3620 14 which which WDT 34823 3620 15 is be VBZ 34823 3620 16 most most RBS 34823 3620 17 significant significant JJ 34823 3620 18 is be VBZ 34823 3620 19 commonly commonly RB 34823 3620 20 not not RB 34823 3620 21 included include VBN 34823 3620 22 in in IN 34823 3620 23 the the DT 34823 3620 24 price price NN 34823 3620 25 - - HYPH 34823 3620 26 level level NN 34823 3620 27 at at RB 34823 3620 28 all all RB 34823 3620 29 : : : 34823 3620 30 I -PRON- PRP 34823 3620 31 refer refer VBP 34823 3620 32 to to IN 34823 3620 33 the the DT 34823 3620 34 " " `` 34823 3620 35 price price NN 34823 3620 36 of of IN 34823 3620 37 money money NN 34823 3620 38 , , , 34823 3620 39 " " '' 34823 3620 40 the the DT 34823 3620 41 short short JJ 34823 3620 42 - - HYPH 34823 3620 43 time time NN 34823 3620 44 interest interest NN 34823 3620 45 rate rate NN 34823 3620 46 . . . 34823 3621 1 Let let VB 34823 3621 2 me -PRON- PRP 34823 3621 3 elaborate elaborate VB 34823 3621 4 each each DT 34823 3621 5 point point NN 34823 3621 6 . . . 34823 3622 1 First first RB 34823 3622 2 , , , 34823 3622 3 it -PRON- PRP 34823 3622 4 is be VBZ 34823 3622 5 true true JJ 34823 3622 6 that that IN 34823 3622 7 high high JJ 34823 3622 8 prices price NNS 34823 3622 9 of of IN 34823 3622 10 articles article NNS 34823 3622 11 which which WDT 34823 3622 12 enter enter VBP 34823 3622 13 easily easily RB 34823 3622 14 into into IN 34823 3622 15 international international JJ 34823 3622 16 trade trade NN 34823 3622 17 tend tend VBP 34823 3622 18 to to TO 34823 3622 19 repel repel VB 34823 3622 20 gold gold NN 34823 3622 21 from from IN 34823 3622 22 the the DT 34823 3622 23 country country NN 34823 3622 24 -- -- : 34823 3622 25 meaning mean VBG 34823 3622 26 by by IN 34823 3622 27 " " `` 34823 3622 28 high high JJ 34823 3622 29 prices price NNS 34823 3622 30 " " '' 34823 3622 31 prices price NNS 34823 3622 32 that that WDT 34823 3622 33 are be VBP 34823 3622 34 higher high JJR 34823 3622 35 than than IN 34823 3622 36 the the DT 34823 3622 37 prices price NNS 34823 3622 38 of of IN 34823 3622 39 the the DT 34823 3622 40 same same JJ 34823 3622 41 goods good NNS 34823 3622 42 abroad abroad RB 34823 3622 43 . . . 34823 3623 1 This this DT 34823 3623 2 relates relate VBZ 34823 3623 3 , , , 34823 3623 4 however however RB 34823 3623 5 , , , 34823 3623 6 not not RB 34823 3623 7 to to IN 34823 3623 8 the the DT 34823 3623 9 general general JJ 34823 3623 10 price price NN 34823 3623 11 - - HYPH 34823 3623 12 level level NN 34823 3623 13 , , , 34823 3623 14 but but CC 34823 3623 15 only only RB 34823 3623 16 to to IN 34823 3623 17 a a DT 34823 3623 18 comparatively comparatively RB 34823 3623 19 small small JJ 34823 3623 20 set set NN 34823 3623 21 of of IN 34823 3623 22 prices price NNS 34823 3623 23 . . . 34823 3624 1 Most Most JJS 34823 3624 2 prices price NNS 34823 3624 3 in in IN 34823 3624 4 a a DT 34823 3624 5 country country NN 34823 3624 6 are be VBP 34823 3624 7 not not RB 34823 3624 8 prices price NNS 34823 3624 9 of of IN 34823 3624 10 articles article NNS 34823 3624 11 of of IN 34823 3624 12 international international JJ 34823 3624 13 trade trade NN 34823 3624 14 . . . 34823 3625 1 High high JJ 34823 3625 2 wages wage NNS 34823 3625 3 may may MD 34823 3625 4 , , , 34823 3625 5 indeed indeed RB 34823 3625 6 , , , 34823 3625 7 draw draw VB 34823 3625 8 in in IN 34823 3625 9 immigrants immigrant NNS 34823 3625 10 . . . 34823 3626 1 But but CC 34823 3626 2 high high JJ 34823 3626 3 land land NN 34823 3626 4 rents rent NNS 34823 3626 5 , , , 34823 3626 6 and and CC 34823 3626 7 high high JJ 34823 3626 8 prices price NNS 34823 3626 9 of of IN 34823 3626 10 land land NN 34823 3626 11 can can MD 34823 3626 12 not not RB 34823 3626 13 bring bring VB 34823 3626 14 in in RP 34823 3626 15 land land NN 34823 3626 16 . . . 34823 3627 1 Nor nor CC 34823 3627 2 do do VBP 34823 3627 3 high high JJ 34823 3627 4 land land NN 34823 3627 5 prices price NNS 34823 3627 6 send send VBP 34823 3627 7 away away RB 34823 3627 8 much much JJ 34823 3627 9 gold gold NN 34823 3627 10 to to IN 34823 3627 11 other other JJ 34823 3627 12 countries country NNS 34823 3627 13 for for IN 34823 3627 14 the the DT 34823 3627 15 purchase purchase NN 34823 3627 16 of of IN 34823 3627 17 land land NN 34823 3627 18 there there RB 34823 3627 19 . . . 34823 3628 1 Indeed indeed RB 34823 3628 2 , , , 34823 3628 3 within within IN 34823 3628 4 a a DT 34823 3628 5 single single JJ 34823 3628 6 country country NN 34823 3628 7 , , , 34823 3628 8 the the DT 34823 3628 9 differences difference NNS 34823 3628 10 in in IN 34823 3628 11 the the DT 34823 3628 12 relation relation NN 34823 3628 13 between between IN 34823 3628 14 land land NN 34823 3628 15 yield yield NN 34823 3628 16 and and CC 34823 3628 17 capital capital NN 34823 3628 18 value value NN 34823 3628 19 of of IN 34823 3628 20 land land NN 34823 3628 21 are be VBP 34823 3628 22 enormous enormous JJ 34823 3628 23 . . . 34823 3629 1 The the DT 34823 3629 2 following follow VBG 34823 3629 3 figures figure NNS 34823 3629 4 are be VBP 34823 3629 5 taken take VBN 34823 3629 6 from from IN 34823 3629 7 an an DT 34823 3629 8 article article NN 34823 3629 9 by by IN 34823 3629 10 J. J. NNP 34823 3629 11 E. E. NNP 34823 3629 12 Pope:[356 Pope:[356 VBD 34823 3629 13 ] ] -RRB- 34823 3629 14 In in IN 34823 3629 15 Yazoo Yazoo NNP 34823 3629 16 Co. Co. NNP 34823 3629 17 , , , 34823 3629 18 Mississippi Mississippi NNP 34823 3629 19 , , , 34823 3629 20 farm farm NN 34823 3629 21 lands land NNS 34823 3629 22 are be VBP 34823 3629 23 sold sell VBN 34823 3629 24 at at IN 34823 3629 25 $ $ $ 34823 3629 26 10 10 CD 34823 3629 27 to to TO 34823 3629 28 $ $ $ 34823 3629 29 25 25 CD 34823 3629 30 per per IN 34823 3629 31 acre acre NN 34823 3629 32 . . . 34823 3630 1 The the DT 34823 3630 2 average average JJ 34823 3630 3 gross gross JJ 34823 3630 4 income income NN 34823 3630 5 per per IN 34823 3630 6 acre acre NN 34823 3630 7 is be VBZ 34823 3630 8 $ $ $ 34823 3630 9 28 28 CD 34823 3630 10 . . . 34823 3631 1 In in IN 34823 3631 2 Cass Cass NNP 34823 3631 3 Co. Co. NNP 34823 3631 4 , , , 34823 3631 5 Iowa Iowa NNP 34823 3631 6 , , , 34823 3631 7 the the DT 34823 3631 8 land land NN 34823 3631 9 prices price NNS 34823 3631 10 are be VBP 34823 3631 11 from from IN 34823 3631 12 $ $ $ 34823 3631 13 100 100 CD 34823 3631 14 to to TO 34823 3631 15 $ $ $ 34823 3631 16 125 125 CD 34823 3631 17 per per IN 34823 3631 18 acre acre NN 34823 3631 19 while while IN 34823 3631 20 the the DT 34823 3631 21 gross gross JJ 34823 3631 22 income income NN 34823 3631 23 amounts amount VBZ 34823 3631 24 to to IN 34823 3631 25 only only RB 34823 3631 26 $ $ $ 34823 3631 27 11 11 CD 34823 3631 28 per per IN 34823 3631 29 acre acre NN 34823 3631 30 , , , 34823 3631 31 if if IN 34823 3631 32 only only JJ 34823 3631 33 crops crop NNS 34823 3631 34 and and CC 34823 3631 35 dairy dairy NN 34823 3631 36 products product NNS 34823 3631 37 are be VBP 34823 3631 38 taken take VBN 34823 3631 39 into into IN 34823 3631 40 account account NN 34823 3631 41 , , , 34823 3631 42 and and CC 34823 3631 43 to to IN 34823 3631 44 $ $ $ 34823 3631 45 20 20 CD 34823 3631 46 if if IN 34823 3631 47 the the DT 34823 3631 48 sales sale NNS 34823 3631 49 of of IN 34823 3631 50 live live JJ 34823 3631 51 stock stock NN 34823 3631 52 are be VBP 34823 3631 53 included include VBN 34823 3631 54 . . . 34823 3632 1 In in IN 34823 3632 2 Oglethorpe Oglethorpe NNP 34823 3632 3 Co. Co. NNP 34823 3632 4 , , , 34823 3632 5 Georgia Georgia NNP 34823 3632 6 , , , 34823 3632 7 the the DT 34823 3632 8 average average JJ 34823 3632 9 price price NN 34823 3632 10 is be VBZ 34823 3632 11 from from IN 34823 3632 12 $ $ $ 34823 3632 13 10 10 CD 34823 3632 14 to to TO 34823 3632 15 $ $ $ 34823 3632 16 25 25 CD 34823 3632 17 per per IN 34823 3632 18 acre acre NN 34823 3632 19 , , , 34823 3632 20 and and CC 34823 3632 21 the the DT 34823 3632 22 average average JJ 34823 3632 23 income income NN 34823 3632 24 $ $ $ 34823 3632 25 10 10 CD 34823 3632 26 . . . 34823 3633 1 In in IN 34823 3633 2 Paulding Paulding NNP 34823 3633 3 Co. Co. NNP 34823 3633 4 , , , 34823 3633 5 Ohio Ohio NNP 34823 3633 6 , , , 34823 3633 7 land land NN 34823 3633 8 is be VBZ 34823 3633 9 sold sell VBN 34823 3633 10 at at IN 34823 3633 11 from from IN 34823 3633 12 $ $ $ 34823 3633 13 75 75 CD 34823 3633 14 to to TO 34823 3633 15 $ $ $ 34823 3633 16 100 100 CD 34823 3633 17 per per IN 34823 3633 18 acre acre NN 34823 3633 19 , , , 34823 3633 20 and and CC 34823 3633 21 the the DT 34823 3633 22 average average JJ 34823 3633 23 income income NN 34823 3633 24 per per IN 34823 3633 25 acre acre NN 34823 3633 26 , , , 34823 3633 27 including include VBG 34823 3633 28 returns return NNS 34823 3633 29 from from IN 34823 3633 30 live live JJ 34823 3633 31 stock stock NN 34823 3633 32 sold sell VBN 34823 3633 33 , , , 34823 3633 34 is be VBZ 34823 3633 35 $ $ $ 34823 3633 36 15 15 CD 34823 3633 37 . . . 34823 3634 1 Why why WRB 34823 3634 2 should should MD 34823 3634 3 not not RB 34823 3634 4 landowners landowner NNS 34823 3634 5 in in IN 34823 3634 6 Cass Cass NNP 34823 3634 7 County County NNP 34823 3634 8 , , , 34823 3634 9 Iowa Iowa NNP 34823 3634 10 , , , 34823 3634 11 sell sell VBP 34823 3634 12 their -PRON- PRP$ 34823 3634 13 comparatively comparatively RB 34823 3634 14 unproductive unproductive JJ 34823 3634 15 land land NN 34823 3634 16 , , , 34823 3634 17 at at IN 34823 3634 18 a a DT 34823 3634 19 high high JJ 34823 3634 20 price price NN 34823 3634 21 , , , 34823 3634 22 and and CC 34823 3634 23 go go VB 34823 3634 24 , , , 34823 3634 25 with with IN 34823 3634 26 their -PRON- PRP$ 34823 3634 27 money money NN 34823 3634 28 , , , 34823 3634 29 to to IN 34823 3634 30 Yazoo Yazoo NNP 34823 3634 31 County County NNP 34823 3634 32 , , , 34823 3634 33 Mississippi Mississippi NNP 34823 3634 34 ? ? . 34823 3635 1 The the DT 34823 3635 2 answer answer NN 34823 3635 3 is be VBZ 34823 3635 4 simply simply RB 34823 3635 5 , , , 34823 3635 6 that that IN 34823 3635 7 they -PRON- PRP 34823 3635 8 would would MD 34823 3635 9 have have VB 34823 3635 10 to to TO 34823 3635 11 go go VB 34823 3635 12 _ _ NNP 34823 3635 13 with with IN 34823 3635 14 _ _ NNP 34823 3635 15 their -PRON- PRP$ 34823 3635 16 money money NN 34823 3635 17 , , , 34823 3635 18 and and CC 34823 3635 19 they -PRON- PRP 34823 3635 20 prefer prefer VBP 34823 3635 21 to to TO 34823 3635 22 stay stay VB 34823 3635 23 at at IN 34823 3635 24 home home NN 34823 3635 25 ! ! . 34823 3636 1 Absentee absentee NN 34823 3636 2 landlordism landlordism NN 34823 3636 3 is be VBZ 34823 3636 4 not not RB 34823 3636 5 generally generally RB 34823 3636 6 popular popular JJ 34823 3636 7 with with IN 34823 3636 8 men man NNS 34823 3636 9 who who WP 34823 3636 10 are be VBP 34823 3636 11 seeking seek VBG 34823 3636 12 paying pay VBG 34823 3636 13 investments investment NNS 34823 3636 14 . . . 34823 3637 1 Land land NN 34823 3637 2 stands stand VBZ 34823 3637 3 at at IN 34823 3637 4 one one CD 34823 3637 5 extreme extreme NN 34823 3637 6 . . . 34823 3638 1 But but CC 34823 3638 2 then then RB 34823 3638 3 land land NN 34823 3638 4 is be VBZ 34823 3638 5 the the DT 34823 3638 6 very very RB 34823 3638 7 biggest big JJS 34823 3638 8 item item NN 34823 3638 9 in in IN 34823 3638 10 an an DT 34823 3638 11 inventory inventory NN 34823 3638 12 of of IN 34823 3638 13 wealth wealth NN 34823 3638 14 , , , 34823 3638 15 and and CC 34823 3638 16 , , , 34823 3638 17 while while IN 34823 3638 18 not not RB 34823 3638 19 _ _ NNP 34823 3638 20 as as IN 34823 3638 21 land land NN 34823 3638 22 _ _ NNP 34823 3638 23 , , , 34823 3638 24 actively actively RB 34823 3638 25 bought buy VBD 34823 3638 26 and and CC 34823 3638 27 sold,[357 sold,[357 VB 34823 3638 28 ] ] -RRB- 34823 3638 29 it -PRON- PRP 34823 3638 30 is be VBZ 34823 3638 31 a a DT 34823 3638 32 big big JJ 34823 3638 33 element element NN 34823 3638 34 in in IN 34823 3638 35 the the DT 34823 3638 36 values value NNS 34823 3638 37 of of IN 34823 3638 38 many many JJ 34823 3638 39 active active JJ 34823 3638 40 securities security NNS 34823 3638 41 . . . 34823 3639 1 The the DT 34823 3639 2 principle principle NN 34823 3639 3 holds hold VBZ 34823 3639 4 in in IN 34823 3639 5 less less JJR 34823 3639 6 degree degree NN 34823 3639 7 of of IN 34823 3639 8 many many JJ 34823 3639 9 other other JJ 34823 3639 10 things thing NNS 34823 3639 11 , , , 34823 3639 12 however however RB 34823 3639 13 . . . 34823 3640 1 The the DT 34823 3640 2 securities security NNS 34823 3640 3 of of IN 34823 3640 4 a a DT 34823 3640 5 local local JJ 34823 3640 6 corporation corporation NN 34823 3640 7 , , , 34823 3640 8 say say VBP 34823 3640 9 a a DT 34823 3640 10 gas gas NN 34823 3640 11 plant plant NN 34823 3640 12 , , , 34823 3640 13 find find VB 34823 3640 14 their -PRON- PRP$ 34823 3640 15 best good JJS 34823 3640 16 market market NN 34823 3640 17 at at IN 34823 3640 18 home home NN 34823 3640 19 , , , 34823 3640 20 as as IN 34823 3640 21 a a DT 34823 3640 22 rule rule NN 34823 3640 23 , , , 34823 3640 24 unless unless IN 34823 3640 25 the the DT 34823 3640 26 city city NN 34823 3640 27 be be VB 34823 3640 28 large large JJ 34823 3640 29 . . . 34823 3641 1 If if IN 34823 3641 2 they -PRON- PRP 34823 3641 3 are be VBP 34823 3641 4 held hold VBN 34823 3641 5 by by IN 34823 3641 6 foreign foreign JJ 34823 3641 7 capitalists capitalist NNS 34823 3641 8 , , , 34823 3641 9 they -PRON- PRP 34823 3641 10 still still RB 34823 3641 11 find find VBP 34823 3641 12 a a DT 34823 3641 13 very very RB 34823 3641 14 restricted restricted JJ 34823 3641 15 market market NN 34823 3641 16 in in IN 34823 3641 17 the the DT 34823 3641 18 foreign foreign JJ 34823 3641 19 country country NN 34823 3641 20 . . . 34823 3642 1 Only only RB 34823 3642 2 those those DT 34823 3642 3 who who WP 34823 3642 4 have have VBP 34823 3642 5 investigated investigate VBN 34823 3642 6 at at IN 34823 3642 7 first first JJ 34823 3642 8 hand hand NN 34823 3642 9 will will MD 34823 3642 10 feel feel VB 34823 3642 11 free free JJ 34823 3642 12 in in IN 34823 3642 13 buying buy VBG 34823 3642 14 them -PRON- PRP 34823 3642 15 -- -- : 34823 3642 16 unless unless IN 34823 3642 17 , , , 34823 3642 18 indeed indeed RB 34823 3642 19 , , , 34823 3642 20 they -PRON- PRP 34823 3642 21 are be VBP 34823 3642 22 guaranteed guarantee VBN 34823 3642 23 in in IN 34823 3642 24 some some DT 34823 3642 25 way way NN 34823 3642 26 by by IN 34823 3642 27 a a DT 34823 3642 28 big big JJ 34823 3642 29 and and CC 34823 3642 30 well well RB 34823 3642 31 - - HYPH 34823 3642 32 known know VBN 34823 3642 33 house house NN 34823 3642 34 . . . 34823 3643 1 Prices price NNS 34823 3643 2 of of IN 34823 3643 3 personal personal JJ 34823 3643 4 and and CC 34823 3643 5 professional professional JJ 34823 3643 6 services service NNS 34823 3643 7 vary vary VBP 34823 3643 8 enormously enormously RB 34823 3643 9 in in IN 34823 3643 10 different different JJ 34823 3643 11 sections section NNS 34823 3643 12 of of IN 34823 3643 13 the the DT 34823 3643 14 same same JJ 34823 3643 15 country country NN 34823 3643 16 , , , 34823 3643 17 to to TO 34823 3643 18 say say VB 34823 3643 19 nothing nothing NN 34823 3643 20 of of IN 34823 3643 21 variations variation NNS 34823 3643 22 between between IN 34823 3643 23 different different JJ 34823 3643 24 countries country NNS 34823 3643 25 , , , 34823 3643 26 and and CC 34823 3643 27 there there EX 34823 3643 28 is be VBZ 34823 3643 29 a a DT 34823 3643 30 very very RB 34823 3643 31 slow slow JJ 34823 3643 32 movement movement NN 34823 3643 33 indeed indeed RB 34823 3643 34 toward toward IN 34823 3643 35 bringing bring VBG 34823 3643 36 about about RP 34823 3643 37 higher high JJR 34823 3643 38 salaries salary NNS 34823 3643 39 for for IN 34823 3643 40 rural rural JJ 34823 3643 41 preachers preacher NNS 34823 3643 42 in in IN 34823 3643 43 Kansas Kansas NNP 34823 3643 44 because because IN 34823 3643 45 the the DT 34823 3643 46 salaries salary NNS 34823 3643 47 of of IN 34823 3643 48 London London NNP 34823 3643 49 preachers preacher NNS 34823 3643 50 have have VBP 34823 3643 51 risen rise VBN 34823 3643 52 , , , 34823 3643 53 or or CC 34823 3643 54 because because IN 34823 3643 55 of of IN 34823 3643 56 increased increase VBN 34823 3643 57 demand demand NN 34823 3643 58 for for IN 34823 3643 59 preachers preacher NNS 34823 3643 60 in in IN 34823 3643 61 Germany Germany NNP 34823 3643 62 . . . 34823 3644 1 Great great JJ 34823 3644 2 numbers number NNS 34823 3644 3 of of IN 34823 3644 4 commodities commodity NNS 34823 3644 5 are be VBP 34823 3644 6 too too RB 34823 3644 7 bulky bulky JJ 34823 3644 8 to to TO 34823 3644 9 move move VB 34823 3644 10 far far RB 34823 3644 11 . . . 34823 3645 1 Their -PRON- PRP$ 34823 3645 2 prices price NNS 34823 3645 3 vary vary VBP 34823 3645 4 with with IN 34823 3645 5 little little JJ 34823 3645 6 relation relation NN 34823 3645 7 to to IN 34823 3645 8 similar similar JJ 34823 3645 9 prices price NNS 34823 3645 10 elsewhere elsewhere RB 34823 3645 11 . . . 34823 3646 1 But but CC 34823 3646 2 the the DT 34823 3646 3 principle principle NN 34823 3646 4 needs need VBZ 34823 3646 5 no no DT 34823 3646 6 more more JJR 34823 3646 7 elaboration elaboration NN 34823 3646 8 . . . 34823 3647 1 If if IN 34823 3647 2 the the DT 34823 3647 3 reasoning reasoning NN 34823 3647 4 be be VBP 34823 3647 5 simply simply RB 34823 3647 6 that that IN 34823 3647 7 men man NNS 34823 3647 8 tend tend VBP 34823 3647 9 to to TO 34823 3647 10 buy buy VB 34823 3647 11 where where WRB 34823 3647 12 things thing NNS 34823 3647 13 are be VBP 34823 3647 14 cheap cheap JJ 34823 3647 15 , , , 34823 3647 16 and and CC 34823 3647 17 to to TO 34823 3647 18 sell sell VB 34823 3647 19 where where WRB 34823 3647 20 things thing NNS 34823 3647 21 are be VBP 34823 3647 22 dear dear JJ 34823 3647 23 , , , 34823 3647 24 it -PRON- PRP 34823 3647 25 is be VBZ 34823 3647 26 clear clear JJ 34823 3647 27 that that IN 34823 3647 28 that that DT 34823 3647 29 establishes establish VBZ 34823 3647 30 a a DT 34823 3647 31 very very RB 34823 3647 32 loose loose JJ 34823 3647 33 relation relation NN 34823 3647 34 indeed indeed RB 34823 3647 35 between between IN 34823 3647 36 the the DT 34823 3647 37 price price NN 34823 3647 38 - - HYPH 34823 3647 39 levels level NNS 34823 3647 40 of of IN 34823 3647 41 different different JJ 34823 3647 42 countries country NNS 34823 3647 43 . . . 34823 3648 1 The the DT 34823 3648 2 second second JJ 34823 3648 3 point point NN 34823 3648 4 is be VBZ 34823 3648 5 that that IN 34823 3648 6 some some DT 34823 3648 7 prices price NNS 34823 3648 8 , , , 34823 3648 9 by by IN 34823 3648 10 rising rise VBG 34823 3648 11 , , , 34823 3648 12 actually actually RB 34823 3648 13 bring bring VB 34823 3648 14 in in RP 34823 3648 15 gold gold NN 34823 3648 16 from from IN 34823 3648 17 abroad abroad RB 34823 3648 18 , , , 34823 3648 19 while while IN 34823 3648 20 by by IN 34823 3648 21 falling fall VBG 34823 3648 22 they -PRON- PRP 34823 3648 23 tend tend VBP 34823 3648 24 to to TO 34823 3648 25 release release VB 34823 3648 26 gold gold NN 34823 3648 27 . . . 34823 3649 1 I -PRON- PRP 34823 3649 2 am be VBP 34823 3649 3 not not RB 34823 3649 4 here here RB 34823 3649 5 referring refer VBG 34823 3649 6 to to IN 34823 3649 7 the the DT 34823 3649 8 case case NN 34823 3649 9 discussed discuss VBN 34823 3649 10 in in IN 34823 3649 11 the the DT 34823 3649 12 chapter chapter NN 34823 3649 13 on on IN 34823 3649 14 " " `` 34823 3649 15 Supply Supply NNP 34823 3649 16 and and CC 34823 3649 17 Demand demand NN 34823 3649 18 , , , 34823 3649 19 " " '' 34823 3649 20 where where WRB 34823 3649 21 a a DT 34823 3649 22 commodity commodity NN 34823 3649 23 , , , 34823 3649 24 cotton cotton NN 34823 3649 25 , , , 34823 3649 26 with with IN 34823 3649 27 an an DT 34823 3649 28 inelastic inelastic JJ 34823 3649 29 demand demand NN 34823 3649 30 , , , 34823 3649 31 is be VBZ 34823 3649 32 doubled double VBN 34823 3649 33 , , , 34823 3649 34 the the DT 34823 3649 35 doubled double VBN 34823 3649 36 quantity quantity NN 34823 3649 37 selling sell VBG 34823 3649 38 for for IN 34823 3649 39 a a DT 34823 3649 40 less less RBR 34823 3649 41 aggregate aggregate JJ 34823 3649 42 price price NN 34823 3649 43 , , , 34823 3649 44 and and CC 34823 3649 45 so so RB 34823 3649 46 bringing bring VBG 34823 3649 47 in in RP 34823 3649 48 less less JJR 34823 3649 49 money money NN 34823 3649 50 from from IN 34823 3649 51 abroad abroad RB 34823 3649 52 . . . 34823 3650 1 That that DT 34823 3650 2 case case NN 34823 3650 3 would would MD 34823 3650 4 bear bear VB 34823 3650 5 considerable considerable JJ 34823 3650 6 generalization generalization NN 34823 3650 7 . . . 34823 3651 1 I -PRON- PRP 34823 3651 2 am be VBP 34823 3651 3 referring refer VBG 34823 3651 4 here here RB 34823 3651 5 to to IN 34823 3651 6 the the DT 34823 3651 7 case case NN 34823 3651 8 where where WRB 34823 3651 9 _ _ NNP 34823 3651 10 credit credit NN 34823 3651 11 _ _ NNP 34823 3651 12 is be VBZ 34823 3651 13 built build VBN 34823 3651 14 on on IN 34823 3651 15 the the DT 34823 3651 16 value value NN 34823 3651 17 of of IN 34823 3651 18 long long JJ 34823 3651 19 time time NN 34823 3651 20 goods good NNS 34823 3651 21 , , , 34823 3651 22 as as IN 34823 3651 23 lands land NNS 34823 3651 24 , , , 34823 3651 25 or or CC 34823 3651 26 railroads railroad NNS 34823 3651 27 . . . 34823 3652 1 Concretely concretely RB 34823 3652 2 , , , 34823 3652 3 let let VB 34823 3652 4 us -PRON- PRP 34823 3652 5 suppose suppose VB 34823 3652 6 an an DT 34823 3652 7 increase increase NN 34823 3652 8 in in IN 34823 3652 9 railroad railroad NN 34823 3652 10 rates rate NNS 34823 3652 11 allowed allow VBN 34823 3652 12 by by IN 34823 3652 13 the the DT 34823 3652 14 Public Public NNP 34823 3652 15 Service Service NNP 34823 3652 16 Commission Commission NNP 34823 3652 17 of of IN 34823 3652 18 Missouri Missouri NNP 34823 3652 19 . . . 34823 3653 1 This this DT 34823 3653 2 is be VBZ 34823 3653 3 , , , 34823 3653 4 in in IN 34823 3653 5 itself -PRON- PRP 34823 3653 6 a a DT 34823 3653 7 rise rise NN 34823 3653 8 in in IN 34823 3653 9 prices price NNS 34823 3653 10 . . . 34823 3654 1 It -PRON- PRP 34823 3654 2 will will MD 34823 3654 3 , , , 34823 3654 4 further further RB 34823 3654 5 , , , 34823 3654 6 on on IN 34823 3654 7 the the DT 34823 3654 8 capitalization capitalization NN 34823 3654 9 theory theory NN 34823 3654 10 , , , 34823 3654 11 make make VB 34823 3654 12 the the DT 34823 3654 13 prices price NNS 34823 3654 14 of of IN 34823 3654 15 stocks stock NNS 34823 3654 16 of of IN 34823 3654 17 the the DT 34823 3654 18 roads road NNS 34823 3654 19 operating operate VBG 34823 3654 20 in in IN 34823 3654 21 the the DT 34823 3654 22 State State NNP 34823 3654 23 rise rise NN 34823 3654 24 also also RB 34823 3654 25 , , , 34823 3654 26 and and CC 34823 3654 27 give give VB 34823 3654 28 a a DT 34823 3654 29 margin margin NN 34823 3654 30 of of IN 34823 3654 31 additional additional JJ 34823 3654 32 security security NN 34823 3654 33 for for IN 34823 3654 34 bond bond NN 34823 3654 35 - - HYPH 34823 3654 36 issues issue NNS 34823 3654 37 . . . 34823 3655 1 This this DT 34823 3655 2 will will MD 34823 3655 3 make make VB 34823 3655 4 it -PRON- PRP 34823 3655 5 possible possible JJ 34823 3655 6 for for IN 34823 3655 7 these these DT 34823 3655 8 roads road NNS 34823 3655 9 to to TO 34823 3655 10 float float VB 34823 3655 11 foreign foreign JJ 34823 3655 12 loans loan NNS 34823 3655 13 ( ( -LRB- 34823 3655 14 or or CC 34823 3655 15 would would MD 34823 3655 16 have have VB 34823 3655 17 done do VBN 34823 3655 18 so so RB 34823 3655 19 before before IN 34823 3655 20 the the DT 34823 3655 21 War War NNP 34823 3655 22 ) ) -RRB- 34823 3655 23 , , , 34823 3655 24 and and CC 34823 3655 25 so so RB 34823 3655 26 will will MD 34823 3655 27 tend tend VB 34823 3655 28 to to TO 34823 3655 29 turn turn VB 34823 3655 30 the the DT 34823 3655 31 exchanges exchange NNS 34823 3655 32 in in IN 34823 3655 33 our -PRON- PRP$ 34823 3655 34 favor favor NN 34823 3655 35 . . . 34823 3656 1 Gold gold NN 34823 3656 2 will will MD 34823 3656 3 tend tend VB 34823 3656 4 to to TO 34823 3656 5 come come VB 34823 3656 6 in in RB 34823 3656 7 , , , 34823 3656 8 not not RB 34823 3656 9 to to TO 34823 3656 10 go go VB 34823 3656 11 out out RP 34823 3656 12 . . . 34823 3657 1 Similarly similarly RB 34823 3657 2 if if IN 34823 3657 3 the the DT 34823 3657 4 prices price NNS 34823 3657 5 of of IN 34823 3657 6 dairy dairy NN 34823 3657 7 products product NNS 34823 3657 8 , , , 34823 3657 9 or or CC 34823 3657 10 truck truck NN 34823 3657 11 gardens garden NNS 34823 3657 12 , , , 34823 3657 13 or or CC 34823 3657 14 orchards orchard NNS 34823 3657 15 , , , 34823 3657 16 or or CC 34823 3657 17 orange orange JJ 34823 3657 18 groves grove NNS 34823 3657 19 rise rise VBP 34823 3657 20 , , , 34823 3657 21 leading lead VBG 34823 3657 22 to to IN 34823 3657 23 a a DT 34823 3657 24 rise rise NN 34823 3657 25 in in IN 34823 3657 26 the the DT 34823 3657 27 prices price NNS 34823 3657 28 of of IN 34823 3657 29 the the DT 34823 3657 30 lands land NNS 34823 3657 31 involved involve VBN 34823 3657 32 , , , 34823 3657 33 foreign foreign JJ 34823 3657 34 capital capital NN 34823 3657 35 will will MD 34823 3657 36 tend tend VB 34823 3657 37 to to TO 34823 3657 38 come come VB 34823 3657 39 in in RP 34823 3657 40 as as IN 34823 3657 41 loans--_i loans--_i NNP 34823 3657 42 . . . 34823 3658 1 e. e. NNP 34823 3658 2 _ _ NNP 34823 3658 3 , , , 34823 3658 4 the the DT 34823 3658 5 exchanges exchange NNS 34823 3658 6 will will MD 34823 3658 7 turn turn VB 34823 3658 8 more more RBR 34823 3658 9 favorable favorable JJ 34823 3658 10 to to IN 34823 3658 11 us -PRON- PRP 34823 3658 12 , , , 34823 3658 13 and and CC 34823 3658 14 the the DT 34823 3658 15 gold gold NN 34823 3658 16 movement movement NN 34823 3658 17 tend tend VBP 34823 3658 18 to to TO 34823 3658 19 turn turn VB 34823 3658 20 our -PRON- PRP$ 34823 3658 21 way way NN 34823 3658 22 . . . 34823 3659 1 I -PRON- PRP 34823 3659 2 suppose suppose VBP 34823 3659 3 , , , 34823 3659 4 by by IN 34823 3659 5 the the DT 34823 3659 6 way way NN 34823 3659 7 , , , 34823 3659 8 that that IN 34823 3659 9 something something NN 34823 3659 10 of of IN 34823 3659 11 a a DT 34823 3659 12 point point NN 34823 3659 13 could could MD 34823 3659 14 be be VB 34823 3659 15 made make VBN 34823 3659 16 against against IN 34823 3659 17 the the DT 34823 3659 18 Single Single NNP 34823 3659 19 Tax Tax NNP 34823 3659 20 at at IN 34823 3659 21 this this DT 34823 3659 22 point point NN 34823 3659 23 : : : 34823 3659 24 destroying destroy VBG 34823 3659 25 land land NN 34823 3659 26 values value NNS 34823 3659 27 would would MD 34823 3659 28 lessen lessen VB 34823 3659 29 the the DT 34823 3659 30 security security NN 34823 3659 31 which which WDT 34823 3659 32 a a DT 34823 3659 33 community community NN 34823 3659 34 could could MD 34823 3659 35 offer offer VB 34823 3659 36 outside outside IN 34823 3659 37 lenders lender NNS 34823 3659 38 . . . 34823 3660 1 The the DT 34823 3660 2 Single Single NNP 34823 3660 3 Tax Tax NNP 34823 3660 4 would would MD 34823 3660 5 , , , 34823 3660 6 thus thus RB 34823 3660 7 , , , 34823 3660 8 hamper hamper VB 34823 3660 9 the the DT 34823 3660 10 development development NN 34823 3660 11 of of IN 34823 3660 12 countries country NNS 34823 3660 13 which which WDT 34823 3660 14 need need VBP 34823 3660 15 capital capital NN 34823 3660 16 from from IN 34823 3660 17 outside outside RB 34823 3660 18 . . . 34823 3661 1 Men man NNS 34823 3661 2 who who WP 34823 3661 3 wish wish VBP 34823 3661 4 to to TO 34823 3661 5 use use VB 34823 3661 6 their -PRON- PRP$ 34823 3661 7 own own JJ 34823 3661 8 capital capital NN 34823 3661 9 , , , 34823 3661 10 under under IN 34823 3661 11 their -PRON- PRP$ 34823 3661 12 own own JJ 34823 3661 13 management management NN 34823 3661 14 , , , 34823 3661 15 might may MD 34823 3661 16 , , , 34823 3661 17 as as IN 34823 3661 18 the the DT 34823 3661 19 Single Single NNP 34823 3661 20 Taxers Taxers NNPS 34823 3661 21 claim claim VBP 34823 3661 22 , , , 34823 3661 23 be be VB 34823 3661 24 tempted tempt VBN 34823 3661 25 to to TO 34823 3661 26 come come VB 34823 3661 27 in in RB 34823 3661 28 , , , 34823 3661 29 if if IN 34823 3661 30 they -PRON- PRP 34823 3661 31 could could MD 34823 3661 32 be be VB 34823 3661 33 free free JJ 34823 3661 34 from from IN 34823 3661 35 taxation taxation NN 34823 3661 36 on on IN 34823 3661 37 the the DT 34823 3661 38 capital capital NN 34823 3661 39 they -PRON- PRP 34823 3661 40 bring bring VBP 34823 3661 41 with with IN 34823 3661 42 them -PRON- PRP 34823 3661 43 ; ; : 34823 3661 44 but but CC 34823 3661 45 _ _ NNP 34823 3661 46 lenders lender NNS 34823 3661 47 _ _ NNP 34823 3661 48 , , , 34823 3661 49 who who WP 34823 3661 50 wish wish VBP 34823 3661 51 a a DT 34823 3661 52 good good JJ 34823 3661 53 margin margin NN 34823 3661 54 of of IN 34823 3661 55 security security NN 34823 3661 56 , , , 34823 3661 57 would would MD 34823 3661 58 find find VB 34823 3661 59 less less JJR 34823 3661 60 inducement inducement JJ 34823 3661 61 to to TO 34823 3661 62 lend lend VB 34823 3661 63 . . . 34823 3662 1 [ [ -LRB- 34823 3662 2 358 358 CD 34823 3662 3 ] ] -RRB- 34823 3662 4 This this DT 34823 3662 5 is be VBZ 34823 3662 6 a a DT 34823 3662 7 digression digression NN 34823 3662 8 , , , 34823 3662 9 but but CC 34823 3662 10 one one CD 34823 3662 11 feature feature NN 34823 3662 12 of of IN 34823 3662 13 it -PRON- PRP 34823 3662 14 is be VBZ 34823 3662 15 pertinent pertinent JJ 34823 3662 16 : : : 34823 3662 17 though though IN 34823 3662 18 the the DT 34823 3662 19 foreigner foreigner NN 34823 3662 20 does do VBZ 34823 3662 21 not not RB 34823 3662 22 care care VB 34823 3662 23 to to TO 34823 3662 24 migrate migrate VB 34823 3662 25 from from IN 34823 3662 26 his -PRON- PRP$ 34823 3662 27 high high RB 34823 3662 28 - - HYPH 34823 3662 29 priced price VBN 34823 3662 30 land land NN 34823 3662 31 to to IN 34823 3662 32 _ _ NNP 34823 3662 33 low_-priced low_-priced NNP 34823 3662 34 land land NN 34823 3662 35 elsewhere elsewhere RB 34823 3662 36 , , , 34823 3662 37 he -PRON- PRP 34823 3662 38 is be VBZ 34823 3662 39 often often RB 34823 3662 40 willing willing JJ 34823 3662 41 to to TO 34823 3662 42 trust trust VB 34823 3662 43 a a DT 34823 3662 44 _ _ NNP 34823 3662 45 loan loan NN 34823 3662 46 _ _ NNP 34823 3662 47 to to IN 34823 3662 48 the the DT 34823 3662 49 owner owner NN 34823 3662 50 of of IN 34823 3662 51 _ _ NNP 34823 3662 52 high_-priced high_-priced NNP 34823 3662 53 land land NN 34823 3662 54 elsewhere elsewhere RB 34823 3662 55 . . . 34823 3663 1 I -PRON- PRP 34823 3663 2 will will MD 34823 3663 3 not not RB 34823 3663 4 venture venture VB 34823 3663 5 the the DT 34823 3663 6 generalization generalization NN 34823 3663 7 that that IN 34823 3663 8 high high RB 34823 3663 9 - - HYPH 34823 3663 10 priced price VBN 34823 3663 11 land land NN 34823 3663 12 necessarily necessarily RB 34823 3663 13 attracts attract VBZ 34823 3663 14 loans loan NNS 34823 3663 15 , , , 34823 3663 16 and and CC 34823 3663 17 tends tend VBZ 34823 3663 18 to to TO 34823 3663 19 turn turn VB 34823 3663 20 the the DT 34823 3663 21 gold gold JJ 34823 3663 22 movements movement NNS 34823 3663 23 in in IN 34823 3663 24 favor favor NN 34823 3663 25 of of IN 34823 3663 26 the the DT 34823 3663 27 country country NN 34823 3663 28 where where WRB 34823 3663 29 prices price NNS 34823 3663 30 are be VBP 34823 3663 31 high high JJ 34823 3663 32 . . . 34823 3664 1 The the DT 34823 3664 2 point point NN 34823 3664 3 has have VBZ 34823 3664 4 been be VBN 34823 3664 5 made make VBN 34823 3664 6 that that IN 34823 3664 7 if if IN 34823 3664 8 lands land NNS 34823 3664 9 are be VBP 34823 3664 10 being be VBG 34823 3664 11 exchanged exchange VBN 34823 3664 12 frequently frequently RB 34823 3664 13 , , , 34823 3664 14 the the DT 34823 3664 15 new new JJ 34823 3664 16 buyer buyer NN 34823 3664 17 tends tend VBZ 34823 3664 18 to to TO 34823 3664 19 exhaust exhaust VB 34823 3664 20 his -PRON- PRP$ 34823 3664 21 credit credit NN 34823 3664 22 resources resource NNS 34823 3664 23 in in IN 34823 3664 24 paying pay VBG 34823 3664 25 for for IN 34823 3664 26 the the DT 34823 3664 27 land land NN 34823 3664 28 : : : 34823 3664 29 _ _ NNP 34823 3664 30 i. i. NNP 34823 3665 1 e. e. NNP 34823 3665 2 _ _ NNP 34823 3665 3 , , , 34823 3665 4 puts put VBZ 34823 3665 5 so so RB 34823 3665 6 large large JJ 34823 3665 7 a a DT 34823 3665 8 mortgage mortgage NN 34823 3665 9 on on IN 34823 3665 10 it -PRON- PRP 34823 3665 11 that that IN 34823 3665 12 he -PRON- PRP 34823 3665 13 has have VBZ 34823 3665 14 little little JJ 34823 3665 15 margin margin NN 34823 3665 16 of of IN 34823 3665 17 security security NN 34823 3665 18 to to TO 34823 3665 19 offer offer VB 34823 3665 20 for for IN 34823 3665 21 working work VBG 34823 3665 22 capital capital NN 34823 3665 23 . . . 34823 3666 1 [ [ -LRB- 34823 3666 2 359 359 CD 34823 3666 3 ] ] -RRB- 34823 3666 4 I -PRON- PRP 34823 3666 5 shall shall MD 34823 3666 6 not not RB 34823 3666 7 here here RB 34823 3666 8 undertake undertake VB 34823 3666 9 to to TO 34823 3666 10 determine determine VB 34823 3666 11 how how WRB 34823 3666 12 far far RB 34823 3666 13 as as IN 34823 3666 14 a a DT 34823 3666 15 matter matter NN 34823 3666 16 of of IN 34823 3666 17 fact fact NN 34823 3666 18 , , , 34823 3666 19 in in IN 34823 3666 20 different different JJ 34823 3666 21 places place NNS 34823 3666 22 , , , 34823 3666 23 the the DT 34823 3666 24 one one CD 34823 3666 25 tendency tendency NN 34823 3666 26 outweighs outweigh VBZ 34823 3666 27 the the DT 34823 3666 28 other other JJ 34823 3666 29 . . . 34823 3667 1 It -PRON- PRP 34823 3667 2 is be VBZ 34823 3667 3 enough enough JJ 34823 3667 4 to to TO 34823 3667 5 point point VB 34823 3667 6 out out RP 34823 3667 7 that that IN 34823 3667 8 in in IN 34823 3667 9 many many JJ 34823 3667 10 cases case NNS 34823 3667 11 , , , 34823 3667 12 where where WRB 34823 3667 13 this this DT 34823 3667 14 factor factor NN 34823 3667 15 is be VBZ 34823 3667 16 absent absent JJ 34823 3667 17 ( ( -LRB- 34823 3667 18 as as IN 34823 3667 19 in in IN 34823 3667 20 the the DT 34823 3667 21 case case NN 34823 3667 22 of of IN 34823 3667 23 the the DT 34823 3667 24 railroads railroad NNS 34823 3667 25 cited cite VBN 34823 3667 26 ) ) -RRB- 34823 3667 27 , , , 34823 3667 28 rising rise VBG 34823 3667 29 prices price NNS 34823 3667 30 attract attract VBP 34823 3667 31 , , , 34823 3667 32 and and CC 34823 3667 33 do do VBP 34823 3667 34 not not RB 34823 3667 35 repel repel VB 34823 3667 36 , , , 34823 3667 37 foreign foreign JJ 34823 3667 38 gold gold NN 34823 3667 39 , , , 34823 3667 40 and and CC 34823 3667 41 that that IN 34823 3667 42 for for IN 34823 3667 43 none none NN 34823 3667 44 of of IN 34823 3667 45 these these DT 34823 3667 46 cases case NNS 34823 3667 47 is be VBZ 34823 3667 48 the the DT 34823 3667 49 consequence consequence NN 34823 3667 50 of of IN 34823 3667 51 rising rise VBG 34823 3667 52 prices price NNS 34823 3667 53 for for IN 34823 3667 54 the the DT 34823 3667 55 gold gold JJ 34823 3667 56 movements movement NNS 34823 3667 57 to to TO 34823 3667 58 be be VB 34823 3667 59 explained explain VBN 34823 3667 60 in in IN 34823 3667 61 the the DT 34823 3667 62 simple simple JJ 34823 3667 63 way way NN 34823 3667 64 that that WDT 34823 3667 65 the the DT 34823 3667 66 quantity quantity NN 34823 3667 67 theory theory NN 34823 3667 68 doctrine doctrine NN 34823 3667 69 would would MD 34823 3667 70 require require VB 34823 3667 71 . . . 34823 3668 1 Finally finally RB 34823 3668 2 , , , 34823 3668 3 the the DT 34823 3668 4 international international JJ 34823 3668 5 movements movement NNS 34823 3668 6 of of IN 34823 3668 7 gold[360 gold[360 NN 34823 3668 8 ] ] -RRB- 34823 3668 9 are be VBP 34823 3668 10 enormously enormously RB 34823 3668 11 moved move VBN 34823 3668 12 by by IN 34823 3668 13 the the DT 34823 3668 14 short short JJ 34823 3668 15 - - HYPH 34823 3668 16 time time NN 34823 3668 17 rate rate NN 34823 3668 18 of of IN 34823 3668 19 interest interest NN 34823 3668 20 . . . 34823 3669 1 The the DT 34823 3669 2 raising raising NN 34823 3669 3 of of IN 34823 3669 4 the the DT 34823 3669 5 Bank Bank NNP 34823 3669 6 Rate Rate NNP 34823 3669 7 in in IN 34823 3669 8 England England NNP 34823 3669 9 , , , 34823 3669 10 supplemented supplement VBN 34823 3669 11 , , , 34823 3669 12 when when WRB 34823 3669 13 necessary necessary JJ 34823 3669 14 , , , 34823 3669 15 by by IN 34823 3669 16 " " `` 34823 3669 17 borrowing borrow VBG 34823 3669 18 from from IN 34823 3669 19 the the DT 34823 3669 20 market market NN 34823 3669 21 " " '' 34823 3669 22 by by IN 34823 3669 23 the the DT 34823 3669 24 Bank Bank NNP 34823 3669 25 of of IN 34823 3669 26 England England NNP 34823 3669 27 , , , 34823 3669 28 as as IN 34823 3669 29 a a DT 34823 3669 30 means means NN 34823 3669 31 of of IN 34823 3669 32 making make VBG 34823 3669 33 the the DT 34823 3669 34 Bank Bank NNP 34823 3669 35 Rate rate NN 34823 3669 36 effective effective JJ 34823 3669 37 , , , 34823 3669 38 quickly quickly RB 34823 3669 39 turns turn VBZ 34823 3669 40 the the DT 34823 3669 41 course course NN 34823 3669 42 of of IN 34823 3669 43 the the DT 34823 3669 44 exchanges exchange NNS 34823 3669 45 . . . 34823 3670 1 This this DT 34823 3670 2 is be VBZ 34823 3670 3 , , , 34823 3670 4 as as IN 34823 3670 5 has have VBZ 34823 3670 6 been be VBN 34823 3670 7 pointed point VBN 34823 3670 8 out out RP 34823 3670 9 , , , 34823 3670 10 a a DT 34823 3670 11 more more RBR 34823 3670 12 effective effective JJ 34823 3670 13 device device NN 34823 3670 14 when when WRB 34823 3670 15 used use VBN 34823 3670 16 by by IN 34823 3670 17 the the DT 34823 3670 18 English english JJ 34823 3670 19 money money NN 34823 3670 20 - - HYPH 34823 3670 21 market market NN 34823 3670 22 than than IN 34823 3670 23 when when WRB 34823 3670 24 used use VBN 34823 3670 25 by by IN 34823 3670 26 borrowing borrow VBG 34823 3670 27 countries country NNS 34823 3670 28 , , , 34823 3670 29 since since IN 34823 3670 30 the the DT 34823 3670 31 borrower borrower NN 34823 3670 32 , , , 34823 3670 33 by by IN 34823 3670 34 offering offer VBG 34823 3670 35 higher high JJR 34823 3670 36 rates rate NNS 34823 3670 37 , , , 34823 3670 38 is be VBZ 34823 3670 39 not not RB 34823 3670 40 always always RB 34823 3670 41 able able JJ 34823 3670 42 to to TO 34823 3670 43 borrow borrow VB 34823 3670 44 more more JJR 34823 3670 45 , , , 34823 3670 46 whereas whereas IN 34823 3670 47 the the DT 34823 3670 48 lender lender NN 34823 3670 49 , , , 34823 3670 50 by by IN 34823 3670 51 demanding demand VBG 34823 3670 52 higher high JJR 34823 3670 53 rates rate NNS 34823 3670 54 , , , 34823 3670 55 is be VBZ 34823 3670 56 usually usually RB 34823 3670 57 able able JJ 34823 3670 58 to to TO 34823 3670 59 reduce reduce VB 34823 3670 60 his -PRON- PRP$ 34823 3670 61 loans loan NNS 34823 3670 62 . . . 34823 3671 1 But but CC 34823 3671 2 the the DT 34823 3671 3 difference difference NN 34823 3671 4 is be VBZ 34823 3671 5 one one CD 34823 3671 6 of of IN 34823 3671 7 degree degree NN 34823 3671 8 , , , 34823 3671 9 and and CC 34823 3671 10 in in IN 34823 3671 11 point point NN 34823 3671 12 of of IN 34823 3671 13 fact fact NN 34823 3671 14 a a DT 34823 3671 15 rise rise NN 34823 3671 16 in in IN 34823 3671 17 the the DT 34823 3671 18 short short JJ 34823 3671 19 time time NN 34823 3671 20 rates rate NNS 34823 3671 21 in in IN 34823 3671 22 New New NNP 34823 3671 23 York York NNP 34823 3671 24 City City NNP 34823 3671 25 is be VBZ 34823 3671 26 commonly commonly RB 34823 3671 27 an an DT 34823 3671 28 effective effective JJ 34823 3671 29 means mean NNS 34823 3671 30 of of IN 34823 3671 31 bringing bring VBG 34823 3671 32 in in RP 34823 3671 33 gold gold NN 34823 3671 34 from from IN 34823 3671 35 abroad abroad RB 34823 3671 36 . . . 34823 3672 1 It -PRON- PRP 34823 3672 2 is be VBZ 34823 3672 3 true true JJ 34823 3672 4 that that IN 34823 3672 5 this this DT 34823 3672 6 is be VBZ 34823 3672 7 not not RB 34823 3672 8 the the DT 34823 3672 9 only only JJ 34823 3672 10 factor factor NN 34823 3672 11 . . . 34823 3673 1 I -PRON- PRP 34823 3673 2 have have VBP 34823 3673 3 been be VBN 34823 3673 4 at at IN 34823 3673 5 pains pain NNS 34823 3673 6 to to TO 34823 3673 7 point point VB 34823 3673 8 out out RP 34823 3673 9 how how WRB 34823 3673 10 other other JJ 34823 3673 11 factors factor NNS 34823 3673 12 work work VBP 34823 3673 13 . . . 34823 3674 1 I -PRON- PRP 34823 3674 2 am be VBP 34823 3674 3 as as RB 34823 3674 4 far far RB 34823 3674 5 as as IN 34823 3674 6 possible possible JJ 34823 3674 7 from from IN 34823 3674 8 denying deny VBG 34823 3674 9 the the DT 34823 3674 10 powerful powerful JJ 34823 3674 11 influence influence NN 34823 3674 12 of of IN 34823 3674 13 the the DT 34823 3674 14 " " `` 34823 3674 15 balance balance NN 34823 3674 16 of of IN 34823 3674 17 trade trade NN 34823 3674 18 " " '' 34823 3674 19 as as IN 34823 3674 20 treated treat VBN 34823 3674 21 by by IN 34823 3674 22 the the DT 34823 3674 23 older old JJR 34823 3674 24 economists economist NNS 34823 3674 25 on on IN 34823 3674 26 international international JJ 34823 3674 27 gold gold NN 34823 3674 28 movements movement NNS 34823 3674 29 , , , 34823 3674 30 when when WRB 34823 3674 31 both both CC 34823 3674 32 visible visible JJ 34823 3674 33 and and CC 34823 3674 34 invisible invisible JJ 34823 3674 35 items item NNS 34823 3674 36 are be VBP 34823 3674 37 included include VBN 34823 3674 38 . . . 34823 3675 1 But but CC 34823 3675 2 my -PRON- PRP$ 34823 3675 3 point point NN 34823 3675 4 is be VBZ 34823 3675 5 , , , 34823 3675 6 first first RB 34823 3675 7 , , , 34823 3675 8 that that IN 34823 3675 9 these these DT 34823 3675 10 invisible invisible JJ 34823 3675 11 items item NNS 34823 3675 12 are be VBP 34823 3675 13 numerous numerous JJ 34823 3675 14 and and CC 34823 3675 15 flexible flexible JJ 34823 3675 16 , , , 34823 3675 17 and and CC 34823 3675 18 that that IN 34823 3675 19 a a DT 34823 3675 20 big big JJ 34823 3675 21 factor factor NN 34823 3675 22 in in IN 34823 3675 23 their -PRON- PRP$ 34823 3675 24 determination determination NN 34823 3675 25 is be VBZ 34823 3675 26 the the DT 34823 3675 27 short short JJ 34823 3675 28 time time NN 34823 3675 29 rate rate NN 34823 3675 30 of of IN 34823 3675 31 interest interest NN 34823 3675 32 ; ; : 34823 3675 33 and and CC 34823 3675 34 second second RB 34823 3675 35 , , , 34823 3675 36 that that IN 34823 3675 37 the the DT 34823 3675 38 balance balance NN 34823 3675 39 of of IN 34823 3675 40 physical physical JJ 34823 3675 41 items item NNS 34823 3675 42 , , , 34823 3675 43 even even RB 34823 3675 44 , , , 34823 3675 45 depends depend VBZ 34823 3675 46 , , , 34823 3675 47 not not RB 34823 3675 48 on on IN 34823 3675 49 the the DT 34823 3675 50 price price NN 34823 3675 51 - - HYPH 34823 3675 52 level level NN 34823 3675 53 as as IN 34823 3675 54 a a DT 34823 3675 55 whole whole NN 34823 3675 56 , , , 34823 3675 57 but but CC 34823 3675 58 merely merely RB 34823 3675 59 on on IN 34823 3675 60 the the DT 34823 3675 61 prices price NNS 34823 3675 62 of of IN 34823 3675 63 those those DT 34823 3675 64 particular particular JJ 34823 3675 65 goods good NNS 34823 3675 66 which which WDT 34823 3675 67 enter enter VBP 34823 3675 68 into into IN 34823 3675 69 foreign foreign JJ 34823 3675 70 trade trade NN 34823 3675 71 . . . 34823 3676 1 It -PRON- PRP 34823 3676 2 is be VBZ 34823 3676 3 perfectly perfectly RB 34823 3676 4 possible possible JJ 34823 3676 5 , , , 34823 3676 6 and and CC 34823 3676 7 , , , 34823 3676 8 indeed indeed RB 34823 3676 9 , , , 34823 3676 10 is be VBZ 34823 3676 11 very very RB 34823 3676 12 common common JJ 34823 3676 13 , , , 34823 3676 14 for for IN 34823 3676 15 rising rise VBG 34823 3676 16 prices price NNS 34823 3676 17 in in IN 34823 3676 18 a a DT 34823 3676 19 country country NN 34823 3676 20 to to TO 34823 3676 21 lead lead VB 34823 3676 22 to to IN 34823 3676 23 expanding expand VBG 34823 3676 24 trade trade NN 34823 3676 25 and and CC 34823 3676 26 expanding expand VBG 34823 3676 27 bank bank NN 34823 3676 28 - - HYPH 34823 3676 29 credit credit NN 34823 3676 30 , , , 34823 3676 31 which which WDT 34823 3676 32 causes cause VBZ 34823 3676 33 bankers banker NNS 34823 3676 34 to to TO 34823 3676 35 wish wish VB 34823 3676 36 to to TO 34823 3676 37 expand expand VB 34823 3676 38 their -PRON- PRP$ 34823 3676 39 reserves reserve NNS 34823 3676 40 , , , 34823 3676 41 which which WDT 34823 3676 42 leads lead VBZ 34823 3676 43 them -PRON- PRP 34823 3676 44 to to TO 34823 3676 45 raise raise VB 34823 3676 46 their -PRON- PRP$ 34823 3676 47 rates rate NNS 34823 3676 48 on on IN 34823 3676 49 short short JJ 34823 3676 50 time time NN 34823 3676 51 loans loan NNS 34823 3676 52 , , , 34823 3676 53 which which WDT 34823 3676 54 leads lead VBZ 34823 3676 55 gold gold NN 34823 3676 56 to to TO 34823 3676 57 come come VB 34823 3676 58 in in RP 34823 3676 59 from from IN 34823 3676 60 abroad abroad RB 34823 3676 61 . . . 34823 3677 1 More more RBR 34823 3677 2 simply simply RB 34823 3677 3 still still RB 34823 3677 4 , , , 34823 3677 5 the the DT 34823 3677 6 bankers banker NNS 34823 3677 7 may may MD 34823 3677 8 merely merely RB 34823 3677 9 offer offer VB 34823 3677 10 an an DT 34823 3677 11 attractive attractive JJ 34823 3677 12 rate rate NN 34823 3677 13 to to IN 34823 3677 14 the the DT 34823 3677 15 foreign foreign JJ 34823 3677 16 bankers banker NNS 34823 3677 17 , , , 34823 3677 18 and and CC 34823 3677 19 establish establish VB 34823 3677 20 credits credit NNS 34823 3677 21 abroad abroad RB 34823 3677 22 , , , 34823 3677 23 against against IN 34823 3677 24 which which WDT 34823 3677 25 they -PRON- PRP 34823 3677 26 draw draw VBP 34823 3677 27 " " `` 34823 3677 28 finance finance NN 34823 3677 29 bills bill NNS 34823 3677 30 , , , 34823 3677 31 " " '' 34823 3677 32 which which WDT 34823 3677 33 influence influence VBP 34823 3677 34 the the DT 34823 3677 35 gold gold JJ 34823 3677 36 movements movement NNS 34823 3677 37 in in IN 34823 3677 38 the the DT 34823 3677 39 desired desire VBN 34823 3677 40 manner manner NN 34823 3677 41 . . . 34823 3678 1 CHAPTER CHAPTER NNP 34823 3678 2 XVII XVII NNP 34823 3678 3 THE the DT 34823 3678 4 QUANTITY QUANTITY NNP 34823 3678 5 THEORY THEORY NNP 34823 3678 6 _ _ NNP 34823 3678 7 vs. vs. IN 34823 3678 8 _ _ NNP 34823 3678 9 GRESHAM GRESHAM NNP 34823 3678 10 'S 'S NNP 34823 3678 11 LAW law NN 34823 3678 12 There there EX 34823 3678 13 is be VBZ 34823 3678 14 a a DT 34823 3678 15 pretty pretty RB 34823 3678 16 obvious obvious JJ 34823 3678 17 conflict conflict NN 34823 3678 18 between between IN 34823 3678 19 the the DT 34823 3678 20 quantity quantity NN 34823 3678 21 theory theory NN 34823 3678 22 and and CC 34823 3678 23 Gresham Gresham NNP 34823 3678 24 's 's POS 34823 3678 25 Law Law NNP 34823 3678 26 . . . 34823 3679 1 The the DT 34823 3679 2 latter latter JJ 34823 3679 3 is be VBZ 34823 3679 4 , , , 34823 3679 5 essentially essentially RB 34823 3679 6 , , , 34823 3679 7 a a DT 34823 3679 8 " " `` 34823 3679 9 _ _ NNP 34823 3679 10 quality quality NN 34823 3679 11 _ _ NN 34823 3679 12 " " '' 34823 3679 13 theory theory NN 34823 3679 14 of of IN 34823 3679 15 money money NN 34823 3679 16 . . . 34823 3680 1 For for IN 34823 3680 2 the the DT 34823 3680 3 quantity quantity NN 34823 3680 4 theory theory NN 34823 3680 5 , , , 34823 3680 6 dodo dodo NN 34823 3680 7 - - HYPH 34823 3680 8 bones bone NNS 34823 3680 9 , , , 34823 3680 10 or or CC 34823 3680 11 anything anything NN 34823 3680 12 else else RB 34823 3680 13 will will MD 34823 3680 14 do do VB 34823 3680 15 . . . 34823 3681 1 " " `` 34823 3681 2 It -PRON- PRP 34823 3681 3 is be VBZ 34823 3681 4 the the DT 34823 3681 5 number number NN 34823 3681 6 , , , 34823 3681 7 and and CC 34823 3681 8 not not RB 34823 3681 9 the the DT 34823 3681 10 weight weight NN 34823 3681 11 , , , 34823 3681 12 that that RB 34823 3681 13 is be VBZ 34823 3681 14 essential essential JJ 34823 3681 15 " " '' 34823 3681 16 ! ! . 34823 3682 1 [ [ -LRB- 34823 3682 2 361 361 CD 34823 3682 3 ] ] -RRB- 34823 3682 4 For for IN 34823 3682 5 Gresham Gresham NNP 34823 3682 6 's 's POS 34823 3682 7 Law Law NNP 34823 3682 8 , , , 34823 3682 9 the the DT 34823 3682 10 weight weight NN 34823 3682 11 makes make VBZ 34823 3682 12 all all PDT 34823 3682 13 the the DT 34823 3682 14 difference difference NN 34823 3682 15 in in IN 34823 3682 16 the the DT 34823 3682 17 world world NN 34823 3682 18 , , , 34823 3682 19 if if IN 34823 3682 20 it -PRON- PRP 34823 3682 21 is be VBZ 34823 3682 22 a a DT 34823 3682 23 question question NN 34823 3682 24 as as IN 34823 3682 25 between between IN 34823 3682 26 full full JJ 34823 3682 27 weight weight NN 34823 3682 28 and and CC 34823 3682 29 light light JJ 34823 3682 30 weight weight NN 34823 3682 31 coins coin NNS 34823 3682 32 , , , 34823 3682 33 and and CC 34823 3682 34 , , , 34823 3682 35 in in IN 34823 3682 36 general general JJ 34823 3682 37 , , , 34823 3682 38 the the DT 34823 3682 39 _ _ NNP 34823 3682 40 value value NN 34823 3682 41 _ _ NNP 34823 3682 42 of of IN 34823 3682 43 the the DT 34823 3682 44 thing thing NN 34823 3682 45 of of IN 34823 3682 46 which which WDT 34823 3682 47 money money NN 34823 3682 48 is be VBZ 34823 3682 49 made make VBN 34823 3682 50 , , , 34823 3682 51 considered consider VBN 34823 3682 52 in in IN 34823 3682 53 its -PRON- PRP$ 34823 3682 54 commodity commodity NN 34823 3682 55 aspect aspect NN 34823 3682 56 , , , 34823 3682 57 is be VBZ 34823 3682 58 the the DT 34823 3682 59 starting starting NN 34823 3682 60 point point NN 34823 3682 61 of of IN 34823 3682 62 that that DT 34823 3682 63 doctrine doctrine NN 34823 3682 64 . . . 34823 3683 1 The the DT 34823 3683 2 quantity quantity NN 34823 3683 3 theorist theorist NN 34823 3683 4 seeks seek VBZ 34823 3683 5 , , , 34823 3683 6 indeed indeed RB 34823 3683 7 , , , 34823 3683 8 to to TO 34823 3683 9 harmonize harmonize VB 34823 3683 10 the the DT 34823 3683 11 two two CD 34823 3683 12 . . . 34823 3684 1 His -PRON- PRP$ 34823 3684 2 theory theory NN 34823 3684 3 is be VBZ 34823 3684 4 that that IN 34823 3684 5 Gresham Gresham NNP 34823 3684 6 's 's POS 34823 3684 7 Law Law NNP 34823 3684 8 manifests manifest VBZ 34823 3684 9 itself -PRON- PRP 34823 3684 10 only only RB 34823 3684 11 when when WRB 34823 3684 12 there there EX 34823 3684 13 is be VBZ 34823 3684 14 a a DT 34823 3684 15 _ _ NNP 34823 3684 16 redundancy redundancy NN 34823 3684 17 _ _ NNP 34823 3684 18 of of IN 34823 3684 19 the the DT 34823 3684 20 currency currency NN 34823 3684 21 due due IN 34823 3684 22 to to IN 34823 3684 23 the the DT 34823 3684 24 issue issue NN 34823 3684 25 of of IN 34823 3684 26 paper paper NN 34823 3684 27 money money NN 34823 3684 28 , , , 34823 3684 29 or or CC 34823 3684 30 overvalued overvalue VBN 34823 3684 31 metal metal NN 34823 3684 32 . . . 34823 3685 1 In in IN 34823 3685 2 such such PDT 34823 3685 3 a a DT 34823 3685 4 case case NN 34823 3685 5 , , , 34823 3685 6 prices price NNS 34823 3685 7 rise rise VBP 34823 3685 8 , , , 34823 3685 9 he -PRON- PRP 34823 3685 10 holds hold VBZ 34823 3685 11 , , , 34823 3685 12 and and CC 34823 3685 13 then then RB 34823 3685 14 the the DT 34823 3685 15 undervalued undervalue VBN 34823 3685 16 metal metal NN 34823 3685 17 , , , 34823 3685 18 or or CC 34823 3685 19 the the DT 34823 3685 20 metallic metallic JJ 34823 3685 21 currency currency NN 34823 3685 22 , , , 34823 3685 23 which which WDT 34823 3685 24 count count VBP 34823 3685 25 no no DT 34823 3685 26 more more JJR 34823 3685 27 than than IN 34823 3685 28 the the DT 34823 3685 29 paper paper NN 34823 3685 30 or or CC 34823 3685 31 the the DT 34823 3685 32 overvalued overvalue VBN 34823 3685 33 metal metal NN 34823 3685 34 in in IN 34823 3685 35 circulation circulation NN 34823 3685 36 , , , 34823 3685 37 tend tend VBP 34823 3685 38 to to TO 34823 3685 39 leave leave VB 34823 3685 40 the the DT 34823 3685 41 country country NN 34823 3685 42 , , , 34823 3685 43 to to IN 34823 3685 44 another another DT 34823 3685 45 country country NN 34823 3685 46 where where WRB 34823 3685 47 prices price NNS 34823 3685 48 are be VBP 34823 3685 49 lower low JJR 34823 3685 50 , , , 34823 3685 51 or or CC 34823 3685 52 tend tend VBP 34823 3685 53 to to TO 34823 3685 54 leave leave VB 34823 3685 55 the the DT 34823 3685 56 money money NN 34823 3685 57 use use NN 34823 3685 58 for for IN 34823 3685 59 the the DT 34823 3685 60 arts art NNS 34823 3685 61 . . . 34823 3686 1 But but CC 34823 3686 2 the the DT 34823 3686 3 quantity quantity NN 34823 3686 4 theorist theorist NN 34823 3686 5 must must MD 34823 3686 6 maintain maintain VB 34823 3686 7 that that IN 34823 3686 8 it -PRON- PRP 34823 3686 9 is be VBZ 34823 3686 10 only only RB 34823 3686 11 _ _ NNP 34823 3686 12 via via IN 34823 3686 13 _ _ NNP 34823 3686 14 increased increase VBN 34823 3686 15 issue issue NN 34823 3686 16 , , , 34823 3686 17 with with IN 34823 3686 18 consequent consequent NN 34823 3686 19 rising rise VBG 34823 3686 20 prices price NNS 34823 3686 21 , , , 34823 3686 22 that that IN 34823 3686 23 Gresham Gresham NNP 34823 3686 24 's 's POS 34823 3686 25 Law Law NNP 34823 3686 26 comes come VBZ 34823 3686 27 into into IN 34823 3686 28 operation operation NN 34823 3686 29 . . . 34823 3687 1 If if IN 34823 3687 2 there there EX 34823 3687 3 are be VBP 34823 3687 4 a a DT 34823 3687 5 million million CD 34823 3687 6 dollars dollar NNS 34823 3687 7 of of IN 34823 3687 8 gold gold NN 34823 3687 9 in in IN 34823 3687 10 circulation circulation NN 34823 3687 11 , , , 34823 3687 12 and and CC 34823 3687 13 a a DT 34823 3687 14 half half NN 34823 3687 15 million million CD 34823 3687 16 of of IN 34823 3687 17 irredeemable irredeemable JJ 34823 3687 18 paper paper NN 34823 3687 19 is be VBZ 34823 3687 20 added add VBN 34823 3687 21 , , , 34823 3687 22 then then RB 34823 3687 23 only only RB 34823 3687 24 half half PDT 34823 3687 25 a a DT 34823 3687 26 million million CD 34823 3687 27 of of IN 34823 3687 28 the the DT 34823 3687 29 gold gold NN 34823 3687 30 ( ( -LRB- 34823 3687 31 or or CC 34823 3687 32 rather rather RB 34823 3687 33 a a DT 34823 3687 34 little little JJ 34823 3687 35 less less JJR 34823 3687 36 than than IN 34823 3687 37 half half NN 34823 3687 38 ) ) -RRB- 34823 3687 39 will will MD 34823 3687 40 leave leave VB 34823 3687 41 . . . 34823 3688 1 If if IN 34823 3688 2 more more JJR 34823 3688 3 than than IN 34823 3688 4 that that DT 34823 3688 5 left leave VBD 34823 3688 6 , , , 34823 3688 7 prices price NNS 34823 3688 8 would would MD 34823 3688 9 fall fall VB 34823 3688 10 , , , 34823 3688 11 because because IN 34823 3688 12 of of IN 34823 3688 13 the the DT 34823 3688 14 scarcity scarcity NN 34823 3688 15 of of IN 34823 3688 16 money money NN 34823 3688 17 , , , 34823 3688 18 and and CC 34823 3688 19 then then RB 34823 3688 20 the the DT 34823 3688 21 gold gold NN 34823 3688 22 would would MD 34823 3688 23 come come VB 34823 3688 24 back back RB 34823 3688 25 , , , 34823 3688 26 because because IN 34823 3688 27 it -PRON- PRP 34823 3688 28 would would MD 34823 3688 29 be be VB 34823 3688 30 worth worth JJ 34823 3688 31 more more JJR 34823 3688 32 in in IN 34823 3688 33 concurrent concurrent JJ 34823 3688 34 circulation circulation NN 34823 3688 35 with with IN 34823 3688 36 the the DT 34823 3688 37 paper paper NN 34823 3688 38 than than IN 34823 3688 39 it -PRON- PRP 34823 3688 40 would would MD 34823 3688 41 be be VB 34823 3688 42 worth worth JJ 34823 3688 43 as as IN 34823 3688 44 money money NN 34823 3688 45 abroad abroad RB 34823 3688 46 , , , 34823 3688 47 or or CC 34823 3688 48 in in IN 34823 3688 49 the the DT 34823 3688 50 arts art NNS 34823 3688 51 . . . 34823 3689 1 On on IN 34823 3689 2 the the DT 34823 3689 3 quantity quantity NN 34823 3689 4 theory theory NN 34823 3689 5 , , , 34823 3689 6 there there EX 34823 3689 7 can can MD 34823 3689 8 be be VB 34823 3689 9 no no DT 34823 3689 10 difference difference NN 34823 3689 11 in in IN 34823 3689 12 the the DT 34823 3689 13 value value NN 34823 3689 14 of of IN 34823 3689 15 gold gold NN 34823 3689 16 and and CC 34823 3689 17 paper paper NN 34823 3689 18 , , , 34823 3689 19 in in IN 34823 3689 20 such such PDT 34823 3689 21 a a DT 34823 3689 22 case case NN 34823 3689 23 , , , 34823 3689 24 after after IN 34823 3689 25 enough enough JJ 34823 3689 26 gold gold NN 34823 3689 27 has have VBZ 34823 3689 28 left leave VBN 34823 3689 29 to to TO 34823 3689 30 balance balance VB 34823 3689 31 the the DT 34823 3689 32 paper paper NN 34823 3689 33 that that WDT 34823 3689 34 has have VBZ 34823 3689 35 been be VBN 34823 3689 36 issued issue VBN 34823 3689 37 . . . 34823 3690 1 Falling fall VBG 34823 3690 2 prices price NNS 34823 3690 3 would would MD 34823 3690 4 prevent prevent VB 34823 3690 5 it -PRON- PRP 34823 3690 6 . . . 34823 3691 1 But but CC 34823 3691 2 Gresham Gresham NNP 34823 3691 3 's 's POS 34823 3691 4 Law Law NNP 34823 3691 5 is be VBZ 34823 3691 6 not not RB 34823 3691 7 held hold VBN 34823 3691 8 by by IN 34823 3691 9 any any DT 34823 3691 10 such such JJ 34823 3691 11 fetters fetter NNS 34823 3691 12 ! ! . 34823 3692 1 And and CC 34823 3692 2 the the DT 34823 3692 3 facts fact NNS 34823 3692 4 of of IN 34823 3692 5 monetary monetary JJ 34823 3692 6 history history NN 34823 3692 7 , , , 34823 3692 8 in in IN 34823 3692 9 important important JJ 34823 3692 10 cases case NNS 34823 3692 11 , , , 34823 3692 12 show show VBP 34823 3692 13 Gresham Gresham NNP 34823 3692 14 's 's POS 34823 3692 15 Law Law NNP 34823 3692 16 controlling control VBG 34823 3692 17 , , , 34823 3692 18 despite despite IN 34823 3692 19 the the DT 34823 3692 20 quantity quantity NN 34823 3692 21 theory theory NN 34823 3692 22 . . . 34823 3693 1 I -PRON- PRP 34823 3693 2 will will MD 34823 3693 3 refer refer VB 34823 3693 4 briefly briefly RB 34823 3693 5 to to IN 34823 3693 6 two two CD 34823 3693 7 such such JJ 34823 3693 8 cases case NNS 34823 3693 9 . . . 34823 3694 1 The the DT 34823 3694 2 first first JJ 34823 3694 3 centres centre NNS 34823 3694 4 about about IN 34823 3694 5 the the DT 34823 3694 6 suspension suspension NN 34823 3694 7 of of IN 34823 3694 8 specie specie JJ 34823 3694 9 payments payment NNS 34823 3694 10 by by IN 34823 3694 11 the the DT 34823 3694 12 Northern northern JJ 34823 3694 13 banks bank NNS 34823 3694 14 and and CC 34823 3694 15 the the DT 34823 3694 16 Federal Federal NNP 34823 3694 17 Treasury Treasury NNP 34823 3694 18 on on IN 34823 3694 19 January January NNP 34823 3694 20 1 1 CD 34823 3694 21 , , , 34823 3694 22 1862 1862 CD 34823 3694 23 . . . 34823 3695 1 This this DT 34823 3695 2 suspension suspension NN 34823 3695 3 was be VBD 34823 3695 4 not not RB 34823 3695 5 accompanied accompany VBN 34823 3695 6 by by IN 34823 3695 7 any any DT 34823 3695 8 increase increase NN 34823 3695 9 of of IN 34823 3695 10 money money NN 34823 3695 11 . . . 34823 3696 1 Rather rather RB 34823 3696 2 , , , 34823 3696 3 there there EX 34823 3696 4 was be VBD 34823 3696 5 a a DT 34823 3696 6 _ _ NNP 34823 3696 7 decrease_,[362 decrease_,[362 NNP 34823 3696 8 ] ] -RRB- 34823 3696 9 shortly shortly RB 34823 3696 10 following follow VBG 34823 3696 11 , , , 34823 3696 12 in in IN 34823 3696 13 the the DT 34823 3696 14 amount amount NN 34823 3696 15 of of IN 34823 3696 16 paper paper NN 34823 3696 17 money money NN 34823 3696 18 . . . 34823 3697 1 The the DT 34823 3697 2 banks bank NNS 34823 3697 3 in in IN 34823 3697 4 New New NNP 34823 3697 5 York York NNP 34823 3697 6 , , , 34823 3697 7 and and CC 34823 3697 8 certain certain JJ 34823 3697 9 other other JJ 34823 3697 10 States States NNPS 34823 3697 11 , , , 34823 3697 12 were be VBD 34823 3697 13 bound bind VBN 34823 3697 14 so so RB 34823 3697 15 strictly strictly RB 34823 3697 16 by by IN 34823 3697 17 their -PRON- PRP$ 34823 3697 18 charters charter NNS 34823 3697 19 , , , 34823 3697 20 and and CC 34823 3697 21 by by IN 34823 3697 22 the the DT 34823 3697 23 State State NNP 34823 3697 24 laws law NNS 34823 3697 25 , , , 34823 3697 26 that that IN 34823 3697 27 they -PRON- PRP 34823 3697 28 dared dare VBD 34823 3697 29 not not RB 34823 3697 30 leave leave VB 34823 3697 31 their -PRON- PRP$ 34823 3697 32 notes note NNS 34823 3697 33 unredeemed unredeemed JJ 34823 3697 34 . . . 34823 3698 1 Speculators speculator NNS 34823 3698 2 , , , 34823 3698 3 buying buy VBG 34823 3698 4 notes note NNS 34823 3698 5 at at IN 34823 3698 6 a a DT 34823 3698 7 discount discount NN 34823 3698 8 -- -- : 34823 3698 9 for for IN 34823 3698 10 virtually virtually RB 34823 3698 11 all all DT 34823 3698 12 bank bank NN 34823 3698 13 - - HYPH 34823 3698 14 notes note NNS 34823 3698 15 fell fall VBD 34823 3698 16 to to IN 34823 3698 17 a a DT 34823 3698 18 discount discount NN 34823 3698 19 -- -- : 34823 3698 20 were be VBD 34823 3698 21 able able JJ 34823 3698 22 to to TO 34823 3698 23 present present VB 34823 3698 24 them -PRON- PRP 34823 3698 25 to to IN 34823 3698 26 the the DT 34823 3698 27 banks bank NNS 34823 3698 28 in in IN 34823 3698 29 these these DT 34823 3698 30 States state NNS 34823 3698 31 and and CC 34823 3698 32 demand demand NN 34823 3698 33 gold gold NN 34823 3698 34 , , , 34823 3698 35 which which WDT 34823 3698 36 led lead VBD 34823 3698 37 to to IN 34823 3698 38 a a DT 34823 3698 39 very very RB 34823 3698 40 profitable profitable JJ 34823 3698 41 business business NN 34823 3698 42 . . . 34823 3699 1 The the DT 34823 3699 2 banks bank NNS 34823 3699 3 protected protect VBD 34823 3699 4 their -PRON- PRP$ 34823 3699 5 gold gold NN 34823 3699 6 by by IN 34823 3699 7 ceasing cease VBG 34823 3699 8 to to TO 34823 3699 9 issue issue VB 34823 3699 10 notes note NNS 34823 3699 11 , , , 34823 3699 12 or or CC 34823 3699 13 by by IN 34823 3699 14 reducing reduce VBG 34823 3699 15 the the DT 34823 3699 16 volume volume NN 34823 3699 17 of of IN 34823 3699 18 note note NN 34823 3699 19 issue issue NN 34823 3699 20 . . . 34823 3700 1 Certified certify VBN 34823 3700 2 checks check NNS 34823 3700 3 were be VBD 34823 3700 4 used use VBN 34823 3700 5 to to IN 34823 3700 6 a a DT 34823 3700 7 considerable considerable JJ 34823 3700 8 extent extent NN 34823 3700 9 instead instead RB 34823 3700 10 . . . 34823 3701 1 There there EX 34823 3701 2 was be VBD 34823 3701 3 certainly certainly RB 34823 3701 4 no no DT 34823 3701 5 increase increase NN 34823 3701 6 , , , 34823 3701 7 and and CC 34823 3701 8 probably probably RB 34823 3701 9 a a DT 34823 3701 10 reduction reduction NN 34823 3701 11 , , , 34823 3701 12 a a DT 34823 3701 13 considerable considerable JJ 34823 3701 14 reduction reduction NN 34823 3701 15 , , , 34823 3701 16 in in IN 34823 3701 17 the the DT 34823 3701 18 volume volume NN 34823 3701 19 of of IN 34823 3701 20 bank bank NN 34823 3701 21 - - HYPH 34823 3701 22 notes note NNS 34823 3701 23 in in IN 34823 3701 24 circulation circulation NN 34823 3701 25 . . . 34823 3702 1 The the DT 34823 3702 2 only only JJ 34823 3702 3 other other JJ 34823 3702 4 paper paper NN 34823 3702 5 money money NN 34823 3702 6 in in IN 34823 3702 7 circulation circulation NN 34823 3702 8 was be VBD 34823 3702 9 the the DT 34823 3702 10 Demand Demand NNP 34823 3702 11 Notes Notes NNPS 34823 3702 12 of of IN 34823 3702 13 the the DT 34823 3702 14 Federal Federal NNP 34823 3702 15 Government Government NNP 34823 3702 16 , , , 34823 3702 17 which which WDT 34823 3702 18 were be VBD 34823 3702 19 not not RB 34823 3702 20 increased increase VBN 34823 3702 21 after after IN 34823 3702 22 the the DT 34823 3702 23 date date NN 34823 3702 24 of of IN 34823 3702 25 the the DT 34823 3702 26 suspension suspension NN 34823 3702 27 , , , 34823 3702 28 and and CC 34823 3702 29 which which WDT 34823 3702 30 were be VBD 34823 3702 31 in in IN 34823 3702 32 any any DT 34823 3702 33 case case NN 34823 3702 34 small small JJ 34823 3702 35 in in IN 34823 3702 36 volume volume NN 34823 3702 37 as as IN 34823 3702 38 compared compare VBN 34823 3702 39 with with IN 34823 3702 40 the the DT 34823 3702 41 total total JJ 34823 3702 42 amount amount NN 34823 3702 43 of of IN 34823 3702 44 money money NN 34823 3702 45 . . . 34823 3703 1 On on IN 34823 3703 2 the the DT 34823 3703 3 quantity quantity NN 34823 3703 4 theory theory NN 34823 3703 5 version version NN 34823 3703 6 of of IN 34823 3703 7 Gresham Gresham NNP 34823 3703 8 's 's POS 34823 3703 9 Law Law NNP 34823 3703 10 , , , 34823 3703 11 there there EX 34823 3703 12 was be VBD 34823 3703 13 nothing nothing NN 34823 3703 14 to to TO 34823 3703 15 drive drive VB 34823 3703 16 gold gold NN 34823 3703 17 out out RP 34823 3703 18 . . . 34823 3704 1 Gold gold NN 34823 3704 2 was be VBD 34823 3704 3 _ _ NNP 34823 3704 4 not not RB 34823 3704 5 pushed push VBN 34823 3704 6 out out RP 34823 3704 7 _ _ NNP 34823 3704 8 by by IN 34823 3704 9 redundant redundant JJ 34823 3704 10 currency currency NN 34823 3704 11 . . . 34823 3705 1 Rather rather RB 34823 3705 2 , , , 34823 3705 3 it -PRON- PRP 34823 3705 4 _ _ NNP 34823 3705 5 left leave VBD 34823 3705 6 _ _ NNP 34823 3705 7 , , , 34823 3705 8 leaving leave VBG 34823 3705 9 a a DT 34823 3705 10 monetary monetary JJ 34823 3705 11 vacuum vacuum NN 34823 3705 12 behind behind RB 34823 3705 13 . . . 34823 3706 1 Coincidently coincidently RB 34823 3706 2 , , , 34823 3706 3 strangely strangely RB 34823 3706 4 enough enough RB 34823 3706 5 , , , 34823 3706 6 prices price NNS 34823 3706 7 _ _ NNP 34823 3706 8 rose rise VBD 34823 3706 9 _ _ NNP 34823 3706 10 . . . 34823 3707 1 The the DT 34823 3707 2 vacuum vacuum NN 34823 3707 3 in in IN 34823 3707 4 the the DT 34823 3707 5 money money NN 34823 3707 6 supply supply NN 34823 3707 7 was be VBD 34823 3707 8 so so RB 34823 3707 9 serious serious JJ 34823 3707 10 , , , 34823 3707 11 that that IN 34823 3707 12 the the DT 34823 3707 13 subsequent subsequent JJ 34823 3707 14 first first JJ 34823 3707 15 issue issue NN 34823 3707 16 of of IN 34823 3707 17 the the DT 34823 3707 18 Greenbacks Greenbacks NNPS 34823 3707 19 brought bring VBD 34823 3707 20 a a DT 34823 3707 21 welcome welcome JJ 34823 3707 22 relief relief NN 34823 3707 23 . . . 34823 3708 1 Throughout throughout IN 34823 3708 2 the the DT 34823 3708 3 whole whole NN 34823 3708 4 of of IN 34823 3708 5 the the DT 34823 3708 6 first first JJ 34823 3708 7 year year NN 34823 3708 8 of of IN 34823 3708 9 the the DT 34823 3708 10 suspension suspension NN 34823 3708 11 , , , 34823 3708 12 the the DT 34823 3708 13 volume volume NN 34823 3708 14 of of IN 34823 3708 15 money money NN 34823 3708 16 was be VBD 34823 3708 17 less less JJR 34823 3708 18 than than IN 34823 3708 19 it -PRON- PRP 34823 3708 20 had have VBD 34823 3708 21 been be VBN 34823 3708 22 in in IN 34823 3708 23 the the DT 34823 3708 24 preceding precede VBG 34823 3708 25 year year NN 34823 3708 26 . . . 34823 3709 1 None none NN 34823 3709 2 the the DT 34823 3709 3 less less JJR 34823 3709 4 , , , 34823 3709 5 the the DT 34823 3709 6 gold gold NN 34823 3709 7 stayed stay VBD 34823 3709 8 out out IN 34823 3709 9 of of IN 34823 3709 10 general general JJ 34823 3709 11 circulation circulation NN 34823 3709 12 . . . 34823 3710 1 It -PRON- PRP 34823 3710 2 did do VBD 34823 3710 3 not not RB 34823 3710 4 come come VB 34823 3710 5 back back RB 34823 3710 6 from from IN 34823 3710 7 abroad abroad RB 34823 3710 8 . . . 34823 3711 1 And and CC 34823 3711 2 prices price NNS 34823 3711 3 _ _ NNP 34823 3711 4 rose rise VBD 34823 3711 5 _ _ NNP 34823 3711 6 . . . 34823 3712 1 [ [ -LRB- 34823 3712 2 363 363 CD 34823 3712 3 ] ] -RRB- 34823 3712 4 A a DT 34823 3712 5 similar similar JJ 34823 3712 6 episode episode NN 34823 3712 7 , , , 34823 3712 8 the the DT 34823 3712 9 obverse obverse NN 34823 3712 10 of of IN 34823 3712 11 this this DT 34823 3712 12 , , , 34823 3712 13 occurred occur VBD 34823 3712 14 when when WRB 34823 3712 15 the the DT 34823 3712 16 Bank Bank NNP 34823 3712 17 of of IN 34823 3712 18 England England NNP 34823 3712 19 _ _ NNP 34823 3712 20 resumed resume VBD 34823 3712 21 _ _ NNP 34823 3712 22 specie specie VBG 34823 3712 23 payments payment NNS 34823 3712 24 in in IN 34823 3712 25 the the DT 34823 3712 26 early early JJ 34823 3712 27 ' ' CD 34823 3712 28 20 20 CD 34823 3712 29 's ' NNS 34823 3712 30 . . . 34823 3713 1 Then then RB 34823 3713 2 gold gold NN 34823 3713 3 came come VBD 34823 3713 4 back back RB 34823 3713 5 , , , 34823 3713 6 the the DT 34823 3713 7 currency currency NN 34823 3713 8 was be VBD 34823 3713 9 increased increase VBN 34823 3713 10 , , , 34823 3713 11 and and CC 34823 3713 12 , , , 34823 3713 13 coincidently coincidently RB 34823 3713 14 , , , 34823 3713 15 _ _ NNP 34823 3713 16 prices price NNS 34823 3713 17 fell fall VBD 34823 3713 18 _ _ NNP 34823 3713 19 . . . 34823 3714 1 [ [ -LRB- 34823 3714 2 364 364 CD 34823 3714 3 ] ] -RRB- 34823 3714 4 I -PRON- PRP 34823 3714 5 conclude conclude VBP 34823 3714 6 that that IN 34823 3714 7 the the DT 34823 3714 8 conflict conflict NN 34823 3714 9 between between IN 34823 3714 10 Gresham Gresham NNP 34823 3714 11 's 's POS 34823 3714 12 Law Law NNP 34823 3714 13 and and CC 34823 3714 14 the the DT 34823 3714 15 quantity quantity NN 34823 3714 16 theory theory NN 34823 3714 17 is be VBZ 34823 3714 18 real real JJ 34823 3714 19 and and CC 34823 3714 20 fundamental fundamental JJ 34823 3714 21 , , , 34823 3714 22 and and CC 34823 3714 23 that that IN 34823 3714 24 in in IN 34823 3714 25 cases case NNS 34823 3714 26 where where WRB 34823 3714 27 different different JJ 34823 3714 28 _ _ NNP 34823 3714 29 qualities quality NNS 34823 3714 30 _ _ NNP 34823 3714 31 of of IN 34823 3714 32 money money NN 34823 3714 33 are be VBP 34823 3714 34 in in IN 34823 3714 35 concurrent concurrent JJ 34823 3714 36 circulation circulation NN 34823 3714 37 , , , 34823 3714 38 the the DT 34823 3714 39 undervalued undervalued JJ 34823 3714 40 money money NN 34823 3714 41 will will MD 34823 3714 42 leave leave VB 34823 3714 43 , , , 34823 3714 44 regardless regardless RB 34823 3714 45 of of IN 34823 3714 46 the the DT 34823 3714 47 question question NN 34823 3714 48 of of IN 34823 3714 49 quantity quantity NN 34823 3714 50 . . . 34823 3715 1 CHAPTER CHAPTER NNP 34823 3715 2 XVII XVII NNP 34823 3715 3 THE the DT 34823 3715 4 QUANTITY QUANTITY NNP 34823 3715 5 THEORY theory NN 34823 3715 6 AND and CC 34823 3715 7 " " `` 34823 3715 8 WORLD world NN 34823 3715 9 PRICES prices NN 34823 3715 10 " " '' 34823 3715 11 Some some DT 34823 3715 12 writers writer NNS 34823 3715 13 , , , 34823 3715 14 who who WP 34823 3715 15 would would MD 34823 3715 16 call call VB 34823 3715 17 themselves -PRON- PRP 34823 3715 18 quantity quantity NN 34823 3715 19 theorists theorist NNS 34823 3715 20 , , , 34823 3715 21 would would MD 34823 3715 22 repudiate repudiate VB 34823 3715 23 many many JJ 34823 3715 24 of of IN 34823 3715 25 the the DT 34823 3715 26 doctrines doctrine NNS 34823 3715 27 for for IN 34823 3715 28 which which WDT 34823 3715 29 Fisher Fisher NNP 34823 3715 30 stands stand VBZ 34823 3715 31 , , , 34823 3715 32 and and CC 34823 3715 33 which which WDT 34823 3715 34 the the DT 34823 3715 35 historical historical JJ 34823 3715 36 quantity quantity NN 34823 3715 37 theory theory NN 34823 3715 38 involves involve VBZ 34823 3715 39 . . . 34823 3716 1 The the DT 34823 3716 2 recognition recognition NN 34823 3716 3 which which WDT 34823 3716 4 Fisher Fisher NNP 34823 3716 5 's 's POS 34823 3716 6 book book NN 34823 3716 7 has have VBZ 34823 3716 8 received receive VBN 34823 3716 9 from from IN 34823 3716 10 quantity quantity NN 34823 3716 11 theorists theorist NNS 34823 3716 12 generally generally RB 34823 3716 13 , , , 34823 3716 14 justifies justify VBZ 34823 3716 15 me -PRON- PRP 34823 3716 16 in in IN 34823 3716 17 treating treat VBG 34823 3716 18 his -PRON- PRP$ 34823 3716 19 book book NN 34823 3716 20 as as IN 34823 3716 21 the the DT 34823 3716 22 " " `` 34823 3716 23 official official JJ 34823 3716 24 " " '' 34823 3716 25 exposition exposition NN 34823 3716 26 of of IN 34823 3716 27 the the DT 34823 3716 28 modern modern JJ 34823 3716 29 quantity quantity NN 34823 3716 30 theory theory NN 34823 3716 31 , , , 34823 3716 32 and and CC 34823 3716 33 , , , 34823 3716 34 indeed indeed RB 34823 3716 35 , , , 34823 3716 36 it -PRON- PRP 34823 3716 37 is be VBZ 34823 3716 38 easy easy JJ 34823 3716 39 to to TO 34823 3716 40 show show VB 34823 3716 41 that that IN 34823 3716 42 Fisher Fisher NNP 34823 3716 43 is be VBZ 34823 3716 44 fundamentally fundamentally RB 34823 3716 45 true true JJ 34823 3716 46 to to IN 34823 3716 47 the the DT 34823 3716 48 quantity quantity NN 34823 3716 49 theory theory NN 34823 3716 50 tradition tradition NN 34823 3716 51 . . . 34823 3717 1 With with IN 34823 3717 2 many many JJ 34823 3717 3 writers writer NNS 34823 3717 4 , , , 34823 3717 5 the the DT 34823 3717 6 disagreement disagreement NN 34823 3717 7 with with IN 34823 3717 8 Fisher Fisher NNP 34823 3717 9 would would MD 34823 3717 10 be be VB 34823 3717 11 a a DT 34823 3717 12 mere mere JJ 34823 3717 13 matter matter NN 34823 3717 14 of of IN 34823 3717 15 degree degree NN 34823 3717 16 ; ; : 34823 3717 17 they -PRON- PRP 34823 3717 18 would would MD 34823 3717 19 hold hold VB 34823 3717 20 that that IN 34823 3717 21 Fisher Fisher NNP 34823 3717 22 has have VBZ 34823 3717 23 set set VBN 34823 3717 24 forth forth RP 34823 3717 25 the the DT 34823 3717 26 central central JJ 34823 3717 27 principle principle NN 34823 3717 28 , , , 34823 3717 29 that that IN 34823 3717 30 his -PRON- PRP$ 34823 3717 31 qualitative qualitative JJ 34823 3717 32 reasoning reasoning NN 34823 3717 33 is be VBZ 34823 3717 34 correct correct JJ 34823 3717 35 , , , 34823 3717 36 but but CC 34823 3717 37 that that IN 34823 3717 38 the the DT 34823 3717 39 relations relation NNS 34823 3717 40 among among IN 34823 3717 41 the the DT 34823 3717 42 factors factor NNS 34823 3717 43 in in IN 34823 3717 44 his -PRON- PRP$ 34823 3717 45 equation equation NN 34823 3717 46 are be VBP 34823 3717 47 less less RBR 34823 3717 48 rigid rigid JJ 34823 3717 49 than than IN 34823 3717 50 he -PRON- PRP 34823 3717 51 maintains maintain VBZ 34823 3717 52 . . . 34823 3718 1 As as IN 34823 3718 2 I -PRON- PRP 34823 3718 3 reject reject VBP 34823 3718 4 even even RB 34823 3718 5 the the DT 34823 3718 6 qualitative qualitative JJ 34823 3718 7 reasoning reasoning NN 34823 3718 8 by by IN 34823 3718 9 which which WDT 34823 3718 10 Fisher Fisher NNP 34823 3718 11 defends defend VBZ 34823 3718 12 his -PRON- PRP$ 34823 3718 13 doctrine doctrine NN 34823 3718 14 , , , 34823 3718 15 and and CC 34823 3718 16 reject reject VBP 34823 3718 17 even even RB 34823 3718 18 the the DT 34823 3718 19 qualitative qualitative JJ 34823 3718 20 tendency tendency NN 34823 3718 21 which which WDT 34823 3718 22 he -PRON- PRP 34823 3718 23 maintains maintain VBZ 34823 3718 24 , , , 34823 3718 25 my -PRON- PRP$ 34823 3718 26 criticisms criticism NNS 34823 3718 27 will will MD 34823 3718 28 apply apply VB 34823 3718 29 as as RB 34823 3718 30 well well RB 34823 3718 31 to to IN 34823 3718 32 the the DT 34823 3718 33 position position NN 34823 3718 34 of of IN 34823 3718 35 this this DT 34823 3718 36 group group NN 34823 3718 37 of of IN 34823 3718 38 writers writer NNS 34823 3718 39 , , , 34823 3718 40 though though IN 34823 3718 41 I -PRON- PRP 34823 3718 42 should should MD 34823 3718 43 have have VB 34823 3718 44 less less JJR 34823 3718 45 practical practical JJ 34823 3718 46 differences difference NNS 34823 3718 47 with with IN 34823 3718 48 them -PRON- PRP 34823 3718 49 , , , 34823 3718 50 to to IN 34823 3718 51 the the DT 34823 3718 52 extent extent NN 34823 3718 53 that that WDT 34823 3718 54 they -PRON- PRP 34823 3718 55 admit admit VBP 34823 3718 56 qualifications qualification NNS 34823 3718 57 and and CC 34823 3718 58 exceptions exception NNS 34823 3718 59 to to IN 34823 3718 60 Fisher Fisher NNP 34823 3718 61 's 's POS 34823 3718 62 doctrine doctrine NN 34823 3718 63 . . . 34823 3719 1 There there EX 34823 3719 2 is be VBZ 34823 3719 3 , , , 34823 3719 4 however however RB 34823 3719 5 , , , 34823 3719 6 a a DT 34823 3719 7 group group NN 34823 3719 8 of of IN 34823 3719 9 writers writer NNS 34823 3719 10 who who WP 34823 3719 11 seem seem VBP 34823 3719 12 to to TO 34823 3719 13 feel feel VB 34823 3719 14 that that IN 34823 3719 15 the the DT 34823 3719 16 quantity quantity NN 34823 3719 17 theory theory NN 34823 3719 18 remains remain VBZ 34823 3719 19 sufficiently sufficiently RB 34823 3719 20 vindicated vindicate VBN 34823 3719 21 if if IN 34823 3719 22 it -PRON- PRP 34823 3719 23 can can MD 34823 3719 24 be be VB 34823 3719 25 shown show VBN 34823 3719 26 that that IN 34823 3719 27 an an DT 34823 3719 28 increase increase NN 34823 3719 29 in in IN 34823 3719 30 _ _ NNP 34823 3719 31 gold gold NN 34823 3719 32 production production NN 34823 3719 33 _ _ NNP 34823 3719 34 tends tend VBZ 34823 3719 35 to to TO 34823 3719 36 raise raise VB 34823 3719 37 prices price NNS 34823 3719 38 throughout throughout IN 34823 3719 39 the the DT 34823 3719 40 world world NN 34823 3719 41 , , , 34823 3719 42 while while IN 34823 3719 43 a a DT 34823 3719 44 check check NN 34823 3719 45 on on IN 34823 3719 46 gold gold NN 34823 3719 47 production production NN 34823 3719 48 tends tend VBZ 34823 3719 49 to to IN 34823 3719 50 lower low JJR 34823 3719 51 prices price NNS 34823 3719 52 , , , 34823 3719 53 and and CC 34823 3719 54 who who WP 34823 3719 55 rest rest VBP 34823 3719 56 their -PRON- PRP$ 34823 3719 57 case case NN 34823 3719 58 on on IN 34823 3719 59 the the DT 34823 3719 60 necessity necessity NN 34823 3719 61 which which WDT 34823 3719 62 bankers banker NNS 34823 3719 63 find find VBP 34823 3719 64 of of IN 34823 3719 65 keeping keep VBG 34823 3719 66 reserves reserve NNS 34823 3719 67 in in IN 34823 3719 68 some some DT 34823 3719 69 sort sort NN 34823 3719 70 of of IN 34823 3719 71 relation relation NN 34823 3719 72 to to IN 34823 3719 73 the the DT 34823 3719 74 expansions expansion NNS 34823 3719 75 of of IN 34823 3719 76 bank bank NN 34823 3719 77 - - HYPH 34823 3719 78 credit credit NN 34823 3719 79 . . . 34823 3720 1 A a DT 34823 3720 2 view view NN 34823 3720 3 of of IN 34823 3720 4 this this DT 34823 3720 5 sort sort NN 34823 3720 6 is be VBZ 34823 3720 7 presented present VBN 34823 3720 8 by by IN 34823 3720 9 J. J. NNP 34823 3720 10 S. S. NNP 34823 3720 11 Nicholson Nicholson NNP 34823 3720 12 , , , 34823 3720 13 whose whose WP$ 34823 3720 14 statement statement NN 34823 3720 15 of of IN 34823 3720 16 the the DT 34823 3720 17 application application NN 34823 3720 18 of of IN 34823 3720 19 the the DT 34823 3720 20 quantity quantity NN 34823 3720 21 theory theory NN 34823 3720 22 to to IN 34823 3720 23 the the DT 34823 3720 24 modern modern JJ 34823 3720 25 world world NN 34823 3720 26 differs differ VBZ 34823 3720 27 almost almost RB 34823 3720 28 _ _ IN 34823 3720 29 toto toto NN 34823 3720 30 coelo coelo NNP 34823 3720 31 _ _ NNP 34823 3720 32 from from IN 34823 3720 33 his -PRON- PRP$ 34823 3720 34 original original JJ 34823 3720 35 statement statement NN 34823 3720 36 in in IN 34823 3720 37 the the DT 34823 3720 38 dodo dodo NN 34823 3720 39 - - HYPH 34823 3720 40 bone bone NN 34823 3720 41 illustration illustration NN 34823 3720 42 already already RB 34823 3720 43 discussed discuss VBN 34823 3720 44 . . . 34823 3721 1 Nicholson[365 nicholson[365 LS 34823 3721 2 ] ] -RRB- 34823 3721 3 declares declare VBZ 34823 3721 4 that that IN 34823 3721 5 in in IN 34823 3721 6 our -PRON- PRP$ 34823 3721 7 modern modern JJ 34823 3721 8 society society NN 34823 3721 9 " " '' 34823 3721 10 the the DT 34823 3721 11 quantity quantity NN 34823 3721 12 of of IN 34823 3721 13 _ _ NNP 34823 3721 14 standard standard JJ 34823 3721 15 _ _ NNP 34823 3721 16 money money NN 34823 3721 17 , , , 34823 3721 18 other other JJ 34823 3721 19 things thing NNS 34823 3721 20 remaining remain VBG 34823 3721 21 the the DT 34823 3721 22 same same JJ 34823 3721 23 , , , 34823 3721 24 determines determine VBZ 34823 3721 25 the the DT 34823 3721 26 general general JJ 34823 3721 27 level level NN 34823 3721 28 of of IN 34823 3721 29 prices price NNS 34823 3721 30 , , , 34823 3721 31 whilst whilst RB 34823 3721 32 , , , 34823 3721 33 on on IN 34823 3721 34 the the DT 34823 3721 35 other other JJ 34823 3721 36 hand hand NN 34823 3721 37 , , , 34823 3721 38 the the DT 34823 3721 39 quantity quantity NN 34823 3721 40 of of IN 34823 3721 41 _ _ NNP 34823 3721 42 token token JJ 34823 3721 43 _ _ NNP 34823 3721 44 money money NN 34823 3721 45 is be VBZ 34823 3721 46 determined determine VBN 34823 3721 47 by by IN 34823 3721 48 the the DT 34823 3721 49 general general JJ 34823 3721 50 level level NN 34823 3721 51 of of IN 34823 3721 52 prices price NNS 34823 3721 53 . . . 34823 3721 54 " " '' 34823 3722 1 Nicholson Nicholson NNP 34823 3722 2 's 's POS 34823 3722 3 reasoning reasoning NN 34823 3722 4 is be VBZ 34823 3722 5 , , , 34823 3722 6 substantially substantially RB 34823 3722 7 , , , 34823 3722 8 as as IN 34823 3722 9 follows follow VBZ 34823 3722 10 : : : 34823 3722 11 Although although IN 34823 3722 12 the the DT 34823 3722 13 bulk bulk NN 34823 3722 14 of of IN 34823 3722 15 exchanging exchange VBG 34823 3722 16 is be VBZ 34823 3722 17 carried carry VBN 34823 3722 18 on on RP 34823 3722 19 by by IN 34823 3722 20 means mean NNS 34823 3722 21 of of IN 34823 3722 22 credit credit NN 34823 3722 23 devices device NNS 34823 3722 24 , , , 34823 3722 25 there there EX 34823 3722 26 is be VBZ 34823 3722 27 still still RB 34823 3722 28 a a DT 34823 3722 29 certain certain JJ 34823 3722 30 part part NN 34823 3722 31 of of IN 34823 3722 32 exchanging exchange VBG 34823 3722 33 , , , 34823 3722 34 especially especially RB 34823 3722 35 in in IN 34823 3722 36 the the DT 34823 3722 37 matter matter NN 34823 3722 38 of of IN 34823 3722 39 paying pay VBG 34823 3722 40 balances balance NNS 34823 3722 41 , , , 34823 3722 42 for for IN 34823 3722 43 which which WDT 34823 3722 44 standard standard JJ 34823 3722 45 money money NN 34823 3722 46 only only RB 34823 3722 47 can can MD 34823 3722 48 be be VB 34823 3722 49 used use VBN 34823 3722 50 . . . 34823 3723 1 He -PRON- PRP 34823 3723 2 regards regard VBZ 34823 3723 3 the the DT 34823 3723 4 whole whole JJ 34823 3723 5 credit credit NN 34823 3723 6 system system NN 34823 3723 7 as as IN 34823 3723 8 based base VBN 34823 3723 9 on on IN 34823 3723 10 standard standard JJ 34823 3723 11 money money NN 34823 3723 12 , , , 34823 3723 13 and and CC 34823 3723 14 says say VBZ 34823 3723 15 that that IN 34823 3723 16 for for IN 34823 3723 17 any any DT 34823 3723 18 given give VBN 34823 3723 19 level level NN 34823 3723 20 of of IN 34823 3723 21 prices price NNS 34823 3723 22 there there EX 34823 3723 23 is be VBZ 34823 3723 24 a a DT 34823 3723 25 minimum minimum JJ 34823 3723 26 amount amount NN 34823 3723 27 of of IN 34823 3723 28 standard standard JJ 34823 3723 29 money money NN 34823 3723 30 , , , 34823 3723 31 absolutely absolutely RB 34823 3723 32 demanded demand VBD 34823 3723 33 . . . 34823 3724 1 If if IN 34823 3724 2 the the DT 34823 3724 3 volume volume NN 34823 3724 4 of of IN 34823 3724 5 standard standard JJ 34823 3724 6 money money NN 34823 3724 7 falls fall VBZ 34823 3724 8 below below IN 34823 3724 9 this this DT 34823 3724 10 minimum minimum NN 34823 3724 11 , , , 34823 3724 12 the the DT 34823 3724 13 price price NN 34823 3724 14 - - HYPH 34823 3724 15 level level NN 34823 3724 16 will will MD 34823 3724 17 fall fall VB 34823 3724 18 to to IN 34823 3724 19 such such PDT 34823 3724 20 a a DT 34823 3724 21 point point NN 34823 3724 22 that that IN 34823 3724 23 the the DT 34823 3724 24 volume volume NN 34823 3724 25 of of IN 34823 3724 26 standard standard JJ 34823 3724 27 money money NN 34823 3724 28 is be VBZ 34823 3724 29 again again RB 34823 3724 30 adequate adequate JJ 34823 3724 31 . . . 34823 3725 1 He -PRON- PRP 34823 3725 2 takes take VBZ 34823 3725 3 , , , 34823 3725 4 moreover moreover RB 34823 3725 5 , , , 34823 3725 6 a a DT 34823 3725 7 world world NN 34823 3725 8 - - HYPH 34823 3725 9 wide wide JJ 34823 3725 10 view view NN 34823 3725 11 , , , 34823 3725 12 declaring declare VBG 34823 3725 13 that that IN 34823 3725 14 it -PRON- PRP 34823 3725 15 is be VBZ 34823 3725 16 the the DT 34823 3725 17 relation relation NN 34823 3725 18 between between IN 34823 3725 19 the the DT 34823 3725 20 volume volume NN 34823 3725 21 of of IN 34823 3725 22 gold gold JJ 34823 3725 23 money money NN 34823 3725 24 throughout throughout IN 34823 3725 25 the the DT 34823 3725 26 world world NN 34823 3725 27 and and CC 34823 3725 28 the the DT 34823 3725 29 demand demand NN 34823 3725 30 for for IN 34823 3725 31 standard standard JJ 34823 3725 32 money money NN 34823 3725 33 throughout throughout IN 34823 3725 34 the the DT 34823 3725 35 world world NN 34823 3725 36 which which WDT 34823 3725 37 determines determine VBZ 34823 3725 38 the the DT 34823 3725 39 relative relative JJ 34823 3725 40 values value NNS 34823 3725 41 of of IN 34823 3725 42 money money NN 34823 3725 43 and and CC 34823 3725 44 commodities commodity NNS 34823 3725 45 . . . 34823 3726 1 " " `` 34823 3726 2 The the DT 34823 3726 3 measure measure NN 34823 3726 4 of of IN 34823 3726 5 values value NNS 34823 3726 6 or or CC 34823 3726 7 the the DT 34823 3726 8 general general JJ 34823 3726 9 level level NN 34823 3726 10 of of IN 34823 3726 11 prices price NNS 34823 3726 12 throughout throughout IN 34823 3726 13 the the DT 34823 3726 14 world world NN 34823 3726 15 will will MD 34823 3726 16 be be VB 34823 3726 17 so so RB 34823 3726 18 adjusted adjust VBN 34823 3726 19 that that IN 34823 3726 20 the the DT 34823 3726 21 metals metal NNS 34823 3726 22 used use VBN 34823 3726 23 as as IN 34823 3726 24 currency currency NN 34823 3726 25 , , , 34823 3726 26 or or CC 34823 3726 27 as as IN 34823 3726 28 the the DT 34823 3726 29 basis basis NN 34823 3726 30 of of IN 34823 3726 31 substitutes substitute NNS 34823 3726 32 for for IN 34823 3726 33 currency currency NN 34823 3726 34 , , , 34823 3726 35 will will MD 34823 3726 36 be be VB 34823 3726 37 just just RB 34823 3726 38 sufficient sufficient JJ 34823 3726 39 for for IN 34823 3726 40 the the DT 34823 3726 41 purpose purpose NN 34823 3726 42 . . . 34823 3727 1 We -PRON- PRP 34823 3727 2 see see VBP 34823 3727 3 then then RB 34823 3727 4 , , , 34823 3727 5 that that IN 34823 3727 6 the the DT 34823 3727 7 value value NN 34823 3727 8 of of IN 34823 3727 9 gold gold NN 34823 3727 10 is be VBZ 34823 3727 11 determined determine VBN 34823 3727 12 in in IN 34823 3727 13 precisely precisely RB 34823 3727 14 the the DT 34823 3727 15 same same JJ 34823 3727 16 manner manner NN 34823 3727 17 as as IN 34823 3727 18 that that DT 34823 3727 19 of of IN 34823 3727 20 any any DT 34823 3727 21 other other JJ 34823 3727 22 commodity commodity NN 34823 3727 23 , , , 34823 3727 24 according accord VBG 34823 3727 25 to to IN 34823 3727 26 the the DT 34823 3727 27 equation equation NN 34823 3727 28 between between IN 34823 3727 29 supply supply NN 34823 3727 30 and and CC 34823 3727 31 demand demand NN 34823 3727 32 . . . 34823 3727 33 " " '' 34823 3728 1 In in IN 34823 3728 2 the the DT 34823 3728 3 consideration consideration NN 34823 3728 4 of of IN 34823 3728 5 this this DT 34823 3728 6 doctrine doctrine NN 34823 3728 7 , , , 34823 3728 8 let let VB 34823 3728 9 us -PRON- PRP 34823 3728 10 note note VB 34823 3728 11 several several JJ 34823 3728 12 points point NNS 34823 3728 13 in in IN 34823 3728 14 which which WDT 34823 3728 15 it -PRON- PRP 34823 3728 16 differs differ VBZ 34823 3728 17 fundamentally fundamentally RB 34823 3728 18 from from IN 34823 3728 19 the the DT 34823 3728 20 quantity quantity NN 34823 3728 21 theory theory NN 34823 3728 22 proper proper JJ 34823 3728 23 , , , 34823 3728 24 and and CC 34823 3728 25 from from IN 34823 3728 26 the the DT 34823 3728 27 situation situation NN 34823 3728 28 assumed assume VBN 34823 3728 29 in in IN 34823 3728 30 the the DT 34823 3728 31 dodo dodo NN 34823 3728 32 - - HYPH 34823 3728 33 bone bone NN 34823 3728 34 illustration illustration NN 34823 3728 35 . . . 34823 3729 1 First first RB 34823 3729 2 , , , 34823 3729 3 it -PRON- PRP 34823 3729 4 is be VBZ 34823 3729 5 not not RB 34823 3729 6 a a DT 34823 3729 7 quantity quantity NN 34823 3729 8 theory theory NN 34823 3729 9 of of IN 34823 3729 10 _ _ NNP 34823 3729 11 money money NN 34823 3729 12 _ _ NNP 34823 3729 13 . . . 34823 3730 1 Money money NN 34823 3730 2 is be VBZ 34823 3730 3 not not RB 34823 3730 4 regarded regard VBN 34823 3730 5 as as IN 34823 3730 6 a a DT 34823 3730 7 homogeneous homogeneous JJ 34823 3730 8 thing thing NN 34823 3730 9 , , , 34823 3730 10 each each DT 34823 3730 11 element element NN 34823 3730 12 having have VBG 34823 3730 13 the the DT 34823 3730 14 same same JJ 34823 3730 15 influence influence NN 34823 3730 16 on on IN 34823 3730 17 prices price NNS 34823 3730 18 . . . 34823 3731 1 Rather rather RB 34823 3731 2 , , , 34823 3731 3 _ _ NNP 34823 3731 4 token token JJ 34823 3731 5 _ _ NNP 34823 3731 6 money money NN 34823 3731 7 is be VBZ 34823 3731 8 the the DT 34823 3731 9 child child NN 34823 3731 10 of of IN 34823 3731 11 prices price NNS 34823 3731 12 . . . 34823 3732 1 This this DT 34823 3732 2 doctrine doctrine NN 34823 3732 3 would would MD 34823 3732 4 in in IN 34823 3732 5 no no DT 34823 3732 6 way way NN 34823 3732 7 fit fit JJ 34823 3732 8 in in RP 34823 3732 9 with with IN 34823 3732 10 the the DT 34823 3732 11 logic logic NN 34823 3732 12 of of IN 34823 3732 13 the the DT 34823 3732 14 equation equation NN 34823 3732 15 of of IN 34823 3732 16 exchange exchange NN 34823 3732 17 , , , 34823 3732 18 as as IN 34823 3732 19 presented present VBN 34823 3732 20 by by IN 34823 3732 21 Fisher Fisher NNP 34823 3732 22 . . . 34823 3733 1 Further further RB 34823 3733 2 , , , 34823 3733 3 the the DT 34823 3733 4 dodo dodo NN 34823 3733 5 - - HYPH 34823 3733 6 bone bone NN 34823 3733 7 idea idea NN 34823 3733 8 is be VBZ 34823 3733 9 entirely entirely RB 34823 3733 10 gone go VBN 34823 3733 11 . . . 34823 3734 1 _ _ NNP 34823 3734 2 Gold Gold NNP 34823 3734 3 _ _ NNP 34823 3734 4 , , , 34823 3734 5 a a DT 34823 3734 6 commodity commodity NN 34823 3734 7 with with IN 34823 3734 8 value value NN 34823 3734 9 in in IN 34823 3734 10 non non JJ 34823 3734 11 - - JJ 34823 3734 12 monetary monetary JJ 34823 3734 13 employments employment NNS 34823 3734 14 , , , 34823 3734 15 is be VBZ 34823 3734 16 under under IN 34823 3734 17 discussion discussion NN 34823 3734 18 , , , 34823 3734 19 and and CC 34823 3734 20 it -PRON- PRP 34823 3734 21 is be VBZ 34823 3734 22 the the DT 34823 3734 23 quantity quantity NN 34823 3734 24 of of IN 34823 3734 25 gold gold NN 34823 3734 26 that that WDT 34823 3734 27 is be VBZ 34823 3734 28 counted count VBN 34823 3734 29 significant significant JJ 34823 3734 30 . . . 34823 3735 1 This this DT 34823 3735 2 recognizes recognize VBZ 34823 3735 3 , , , 34823 3735 4 if if IN 34823 3735 5 not not RB 34823 3735 6 the the DT 34823 3735 7 need need NN 34823 3735 8 , , , 34823 3735 9 at at IN 34823 3735 10 least least JJS 34823 3735 11 the the DT 34823 3735 12 _ _ NNP 34823 3735 13 existence existence NN 34823 3735 14 _ _ NNP 34823 3735 15 , , , 34823 3735 16 of of IN 34823 3735 17 a a DT 34823 3735 18 commodity commodity NN 34823 3735 19 standard standard NN 34823 3735 20 . . . 34823 3736 1 Nicholson Nicholson NNP 34823 3736 2 definitely definitely RB 34823 3736 3 avows avow VBZ 34823 3736 4 the the DT 34823 3736 5 necessity necessity NN 34823 3736 6 for for IN 34823 3736 7 the the DT 34823 3736 8 _ _ NNP 34823 3736 9 redemption redemption NN 34823 3736 10 _ _ NNP 34823 3736 11 of of IN 34823 3736 12 representative representative JJ 34823 3736 13 money money NN 34823 3736 14 , , , 34823 3736 15 even even RB 34823 3736 16 going go VBG 34823 3736 17 so so RB 34823 3736 18 far far RB 34823 3736 19 as as IN 34823 3736 20 to to TO 34823 3736 21 say say VB 34823 3736 22 that that IN 34823 3736 23 " " `` 34823 3736 24 all all DT 34823 3736 25 credit credit NN 34823 3736 26 rests rest NNS 34823 3736 27 on on IN 34823 3736 28 a a DT 34823 3736 29 gold gold NN 34823 3736 30 basis,"[366 basis,"[366 NN 34823 3736 31 ] ] -RRB- 34823 3736 32 that that IN 34823 3736 33 all all DT 34823 3736 34 instruments instrument NNS 34823 3736 35 of of IN 34823 3736 36 exchange exchange NN 34823 3736 37 derive derive VBP 34823 3736 38 their -PRON- PRP$ 34823 3736 39 value value NN 34823 3736 40 from from IN 34823 3736 41 the the DT 34823 3736 42 volume volume NN 34823 3736 43 of of IN 34823 3736 44 standard standard JJ 34823 3736 45 money money NN 34823 3736 46 which which WDT 34823 3736 47 supports support VBZ 34823 3736 48 them -PRON- PRP 34823 3736 49 , , , 34823 3736 50 and and CC 34823 3736 51 that that IN 34823 3736 52 if if IN 34823 3736 53 this this DT 34823 3736 54 basis basis NN 34823 3736 55 were be VBD 34823 3736 56 cut cut VBN 34823 3736 57 away away RP 34823 3736 58 the the DT 34823 3736 59 whole whole JJ 34823 3736 60 structure structure NN 34823 3736 61 would would MD 34823 3736 62 fall fall VB 34823 3736 63 . . . 34823 3737 1 Nicholson Nicholson NNP 34823 3737 2 recognizes recognize VBZ 34823 3737 3 , , , 34823 3737 4 further further RB 34823 3737 5 , , , 34823 3737 6 that that IN 34823 3737 7 gold gold NN 34823 3737 8 has have VBZ 34823 3737 9 value value NN 34823 3737 10 independent independent JJ 34823 3737 11 of of IN 34823 3737 12 its -PRON- PRP$ 34823 3737 13 use use NN 34823 3737 14 as as IN 34823 3737 15 money money NN 34823 3737 16 . . . 34823 3738 1 [ [ -LRB- 34823 3738 2 367 367 CD 34823 3738 3 ] ] -RRB- 34823 3738 4 In in IN 34823 3738 5 evaluating evaluate VBG 34823 3738 6 Nicholson Nicholson NNP 34823 3738 7 's 's POS 34823 3738 8 doctrine doctrine NN 34823 3738 9 , , , 34823 3738 10 I -PRON- PRP 34823 3738 11 wish wish VBP 34823 3738 12 to to TO 34823 3738 13 point point VB 34823 3738 14 out out RP 34823 3738 15 , , , 34823 3738 16 first first RB 34823 3738 17 , , , 34823 3738 18 the the DT 34823 3738 19 inaccuracy inaccuracy NN 34823 3738 20 of of IN 34823 3738 21 the the DT 34823 3738 22 statement statement NN 34823 3738 23 that that IN 34823 3738 24 all all DT 34823 3738 25 credit credit NN 34823 3738 26 rests rest NNS 34823 3738 27 on on IN 34823 3738 28 a a DT 34823 3738 29 gold gold JJ 34823 3738 30 basis basis NN 34823 3738 31 . . . 34823 3739 1 It -PRON- PRP 34823 3739 2 is be VBZ 34823 3739 3 true true JJ 34823 3739 4 that that IN 34823 3739 5 credit credit NN 34823 3739 6 instruments instrument NNS 34823 3739 7 are be VBP 34823 3739 8 commonly commonly RB 34823 3739 9 drawn draw VBN 34823 3739 10 in in IN 34823 3739 11 terms term NNS 34823 3739 12 of of IN 34823 3739 13 standard standard JJ 34823 3739 14 money money NN 34823 3739 15 , , , 34823 3739 16 which which WDT 34823 3739 17 is be VBZ 34823 3739 18 commonly commonly RB 34823 3739 19 gold gold JJ 34823 3739 20 . . . 34823 3740 1 International international JJ 34823 3740 2 credit credit NN 34823 3740 3 instruments instrument NNS 34823 3740 4 may may MD 34823 3740 5 even even RB 34823 3740 6 specify specify VB 34823 3740 7 gold gold NN 34823 3740 8 , , , 34823 3740 9 and and CC 34823 3740 10 the the DT 34823 3740 11 same same JJ 34823 3740 12 thing thing NN 34823 3740 13 happens happen VBZ 34823 3740 14 at at IN 34823 3740 15 times time NNS 34823 3740 16 within within IN 34823 3740 17 a a DT 34823 3740 18 country country NN 34823 3740 19 . . . 34823 3741 1 But but CC 34823 3741 2 commonly commonly RB 34823 3741 3 , , , 34823 3741 4 in in IN 34823 3741 5 this this DT 34823 3741 6 connection connection NN 34823 3741 7 , , , 34823 3741 8 gold gold NN 34823 3741 9 functions function NNS 34823 3741 10 , , , 34823 3741 11 not not RB 34823 3741 12 as as IN 34823 3741 13 the the DT 34823 3741 14 value value NN 34823 3741 15 basis basis NN 34823 3741 16 lying lie VBG 34823 3741 17 behind behind IN 34823 3741 18 the the DT 34823 3741 19 credit credit NN 34823 3741 20 instrument instrument NN 34823 3741 21 , , , 34823 3741 22 the the DT 34823 3741 23 existence existence NN 34823 3741 24 of of IN 34823 3741 25 which which WDT 34823 3741 26 justifies justify VBZ 34823 3741 27 the the DT 34823 3741 28 extension extension NN 34823 3741 29 of of IN 34823 3741 30 the the DT 34823 3741 31 credit credit NN 34823 3741 32 , , , 34823 3741 33 but but CC 34823 3741 34 rather rather RB 34823 3741 35 as as IN 34823 3741 36 the the DT 34823 3741 37 _ _ NNP 34823 3741 38 standard standard NN 34823 3741 39 of of IN 34823 3741 40 deferred defer VBN 34823 3741 41 payments payment NNS 34823 3741 42 _ _ NNP 34823 3741 43 , , , 34823 3741 44 by by IN 34823 3741 45 means mean NNS 34823 3741 46 of of IN 34823 3741 47 which which WDT 34823 3741 48 the the DT 34823 3741 49 credit credit NN 34823 3741 50 instrument instrument NN 34823 3741 51 may may MD 34823 3741 52 be be VB 34823 3741 53 made make VBN 34823 3741 54 definite definite JJ 34823 3741 55 . . . 34823 3742 1 The the DT 34823 3742 2 real real JJ 34823 3742 3 basis basis NN 34823 3742 4 of of IN 34823 3742 5 the the DT 34823 3742 6 value value NN 34823 3742 7 of of IN 34823 3742 8 a a DT 34823 3742 9 mortgage mortgage NN 34823 3742 10 is be VBZ 34823 3742 11 not not RB 34823 3742 12 a a DT 34823 3742 13 particular particular JJ 34823 3742 14 sum sum NN 34823 3742 15 of of IN 34823 3742 16 gold gold NN 34823 3742 17 , , , 34823 3742 18 but but CC 34823 3742 19 rather rather RB 34823 3742 20 the the DT 34823 3742 21 value value NN 34823 3742 22 of of IN 34823 3742 23 the the DT 34823 3742 24 farm farm NN 34823 3742 25 , , , 34823 3742 26 expressed express VBN 34823 3742 27 in in IN 34823 3742 28 terms term NNS 34823 3742 29 of of IN 34823 3742 30 gold gold NN 34823 3742 31 . . . 34823 3743 1 The the DT 34823 3743 2 basis basis NN 34823 3743 3 of of IN 34823 3743 4 a a DT 34823 3743 5 bill bill NN 34823 3743 6 of of IN 34823 3743 7 exchange exchange NN 34823 3743 8 is be VBZ 34823 3743 9 not not RB 34823 3743 10 a a DT 34823 3743 11 particular particular JJ 34823 3743 12 sum sum NN 34823 3743 13 of of IN 34823 3743 14 gold gold NN 34823 3743 15 , , , 34823 3743 16 but but CC 34823 3743 17 rather rather RB 34823 3743 18 is be VBZ 34823 3743 19 the the DT 34823 3743 20 value value NN 34823 3743 21 of of IN 34823 3743 22 the the DT 34823 3743 23 goods good NNS 34823 3743 24 which which WDT 34823 3743 25 changed change VBD 34823 3743 26 hands hand NNS 34823 3743 27 when when WRB 34823 3743 28 the the DT 34823 3743 29 bill bill NN 34823 3743 30 of of IN 34823 3743 31 exchange exchange NNP 34823 3743 32 was be VBD 34823 3743 33 drawn,[368 drawn,[368 NN 34823 3743 34 ] ] -RRB- 34823 3743 35 supplemented supplement VBN 34823 3743 36 by by IN 34823 3743 37 the the DT 34823 3743 38 other other JJ 34823 3743 39 possessions possession NNS 34823 3743 40 of of IN 34823 3743 41 drawer drawer NN 34823 3743 42 , , , 34823 3743 43 drawee drawee NN 34823 3743 44 , , , 34823 3743 45 and and CC 34823 3743 46 the the DT 34823 3743 47 endorsers endorser NNS 34823 3743 48 through through IN 34823 3743 49 whose whose WP$ 34823 3743 50 hands hand NNS 34823 3743 51 it -PRON- PRP 34823 3743 52 has have VBZ 34823 3743 53 gone go VBN 34823 3743 54 . . . 34823 3744 1 Even even RB 34823 3744 2 a a DT 34823 3744 3 note note NN 34823 3744 4 unsecured unsecured JJ 34823 3744 5 by by IN 34823 3744 6 a a DT 34823 3744 7 mortgage mortgage NN 34823 3744 8 , , , 34823 3744 9 or or CC 34823 3744 10 not not RB 34823 3744 11 given give VBN 34823 3744 12 in in IN 34823 3744 13 payment payment NN 34823 3744 14 for for IN 34823 3744 15 a a DT 34823 3744 16 particular particular JJ 34823 3744 17 purchase purchase NN 34823 3744 18 , , , 34823 3744 19 is be VBZ 34823 3744 20 based base VBN 34823 3744 21 , , , 34823 3744 22 in in IN 34823 3744 23 general general JJ 34823 3744 24 , , , 34823 3744 25 on on IN 34823 3744 26 the the DT 34823 3744 27 value value NN 34823 3744 28 of of IN 34823 3744 29 the the DT 34823 3744 30 general general JJ 34823 3744 31 property property NN 34823 3744 32 of of IN 34823 3744 33 the the DT 34823 3744 34 man man NN 34823 3744 35 who who WP 34823 3744 36 gives give VBZ 34823 3744 37 it -PRON- PRP 34823 3744 38 , , , 34823 3744 39 and and CC 34823 3744 40 on on IN 34823 3744 41 the the DT 34823 3744 42 value value NN 34823 3744 43 of of IN 34823 3744 44 his -PRON- PRP$ 34823 3744 45 anticipated anticipated JJ 34823 3744 46 income income NN 34823 3744 47 . . . 34823 3745 1 [ [ -LRB- 34823 3745 2 369 369 CD 34823 3745 3 ] ] -RRB- 34823 3745 4 So so CC 34823 3745 5 throughout throughout RB 34823 3745 6 . . . 34823 3746 1 Credit credit NN 34823 3746 2 transactions transaction NNS 34823 3746 3 , , , 34823 3746 4 for for IN 34823 3746 5 the the DT 34823 3746 6 most most JJS 34823 3746 7 part part NN 34823 3746 8 , , , 34823 3746 9 originate originate VBP 34823 3746 10 in in IN 34823 3746 11 exchanges exchange NNS 34823 3746 12 , , , 34823 3746 13 and and CC 34823 3746 14 carry carry VBP 34823 3746 15 their -PRON- PRP$ 34823 3746 16 own own JJ 34823 3746 17 basis basis NN 34823 3746 18 of of IN 34823 3746 19 security security NN 34823 3746 20 in in IN 34823 3746 21 the the DT 34823 3746 22 goods good NNS 34823 3746 23 and and CC 34823 3746 24 securities security NNS 34823 3746 25 which which WDT 34823 3746 26 change change VBP 34823 3746 27 hands hand NNS 34823 3746 28 , , , 34823 3746 29 not not RB 34823 3746 30 in in IN 34823 3746 31 that that DT 34823 3746 32 small small JJ 34823 3746 33 fraction fraction NN 34823 3746 34 of of IN 34823 3746 35 the the DT 34823 3746 36 world world NN 34823 3746 37 's 's POS 34823 3746 38 wealth wealth NN 34823 3746 39 , , , 34823 3746 40 the the DT 34823 3746 41 stock stock NN 34823 3746 42 of of IN 34823 3746 43 gold gold NN 34823 3746 44 , , , 34823 3746 45 which which WDT 34823 3746 46 could could MD 34823 3746 47 , , , 34823 3746 48 Coin Coin NNP 34823 3746 49 Harvey Harvey NNP 34823 3746 50 asserted assert VBD 34823 3746 51 in in IN 34823 3746 52 the the DT 34823 3746 53 middle middle NN 34823 3746 54 ' ' '' 34823 3746 55 90 90 CD 34823 3746 56 's 's POS 34823 3746 57 , , , 34823 3746 58 be be VB 34823 3746 59 put put VBN 34823 3746 60 in in IN 34823 3746 61 the the DT 34823 3746 62 Chicago Chicago NNP 34823 3746 63 grain grain NN 34823 3746 64 - - HYPH 34823 3746 65 pit pit NN 34823 3746 66 ! ! . 34823 3747 1 And and CC 34823 3747 2 now now RB 34823 3747 3 let let VB 34823 3747 4 me -PRON- PRP 34823 3747 5 extend extend VB 34823 3747 6 this this DT 34823 3747 7 idea idea NN 34823 3747 8 . . . 34823 3748 1 Although although IN 34823 3748 2 coin coin NN 34823 3748 3 made make VBN 34823 3748 4 from from IN 34823 3748 5 the the DT 34823 3748 6 standard standard NN 34823 3748 7 of of IN 34823 3748 8 value value NN 34823 3748 9 is be VBZ 34823 3748 10 a a DT 34823 3748 11 great great JJ 34823 3748 12 convenience convenience NN 34823 3748 13 , , , 34823 3748 14 there there EX 34823 3748 15 is be VBZ 34823 3748 16 yet yet RB 34823 3748 17 no no DT 34823 3748 18 vital vital JJ 34823 3748 19 need need NN 34823 3748 20 , , , 34823 3748 21 in in IN 34823 3748 22 theory theory NN 34823 3748 23 , , , 34823 3748 24 for for IN 34823 3748 25 a a DT 34823 3748 26 single single JJ 34823 3748 27 dollar dollar NN 34823 3748 28 , , , 34823 3748 29 pound pound NN 34823 3748 30 or or CC 34823 3748 31 franc franc NN 34823 3748 32 made make VBN 34823 3748 33 from from IN 34823 3748 34 the the DT 34823 3748 35 standard standard NN 34823 3748 36 of of IN 34823 3748 37 value value NN 34823 3748 38 . . . 34823 3749 1 If if IN 34823 3749 2 gold gold NN 34823 3749 3 should should MD 34823 3749 4 cease cease VB 34823 3749 5 entirely entirely RB 34823 3749 6 to to TO 34823 3749 7 be be VB 34823 3749 8 used use VBN 34823 3749 9 as as IN 34823 3749 10 a a DT 34823 3749 11 medium medium NN 34823 3749 12 of of IN 34823 3749 13 exchange exchange NN 34823 3749 14 , , , 34823 3749 15 or or CC 34823 3749 16 in in IN 34823 3749 17 bank bank NN 34823 3749 18 or or CC 34823 3749 19 government government NN 34823 3749 20 reserves reserve NNS 34823 3749 21 , , , 34823 3749 22 if if IN 34823 3749 23 the the DT 34823 3749 24 gold gold NN 34823 3749 25 dollar dollar NN 34823 3749 26 should should MD 34823 3749 27 become become VB 34823 3749 28 a a DT 34823 3749 29 mere mere JJ 34823 3749 30 formula formula NN 34823 3749 31 , , , 34823 3749 32 so so RB 34823 3749 33 many many JJ 34823 3749 34 grains grain NNS 34823 3749 35 of of IN 34823 3749 36 gold gold NN 34823 3749 37 , , , 34823 3749 38 without without IN 34823 3749 39 there there EX 34823 3749 40 being be VBG 34823 3749 41 any any DT 34823 3749 42 coins coin NNS 34823 3749 43 made make VBN 34823 3749 44 of of IN 34823 3749 45 it -PRON- PRP 34823 3749 46 , , , 34823 3749 47 still still RB 34823 3749 48 , , , 34823 3749 49 so so RB 34823 3749 50 long long RB 34823 3749 51 as as IN 34823 3749 52 that that DT 34823 3749 53 number number NN 34823 3749 54 of of IN 34823 3749 55 grains grain NNS 34823 3749 56 had have VBD 34823 3749 57 a a DT 34823 3749 58 definite definite JJ 34823 3749 59 , , , 34823 3749 60 ascertainable ascertainable JJ 34823 3749 61 value value NN 34823 3749 62 , , , 34823 3749 63 commensurate commensurate JJ 34823 3749 64 with with IN 34823 3749 65 the the DT 34823 3749 66 value value NN 34823 3749 67 of of IN 34823 3749 68 some some DT 34823 3749 69 other other JJ 34823 3749 70 commodity commodity NN 34823 3749 71 which which WDT 34823 3749 72 could could MD 34823 3749 73 be be VB 34823 3749 74 used use VBN 34823 3749 75 as as IN 34823 3749 76 a a DT 34823 3749 77 means means NN 34823 3749 78 of of IN 34823 3749 79 paying pay VBG 34823 3749 80 balances balance NNS 34823 3749 81 and and CC 34823 3749 82 redeeming redeem VBG 34823 3749 83 representative representative JJ 34823 3749 84 money money NN 34823 3749 85 , , , 34823 3749 86 the the DT 34823 3749 87 gold gold NN 34823 3749 88 dollar dollar NN 34823 3749 89 could could MD 34823 3749 90 still still RB 34823 3749 91 serve serve VB 34823 3749 92 as as IN 34823 3749 93 a a DT 34823 3749 94 measure measure NN 34823 3749 95 and and CC 34823 3749 96 standard standard NN 34823 3749 97 of of IN 34823 3749 98 values value NNS 34823 3749 99 . . . 34823 3750 1 In in IN 34823 3750 2 the the DT 34823 3750 3 situation situation NN 34823 3750 4 I -PRON- PRP 34823 3750 5 have have VBP 34823 3750 6 assumed assume VBN 34823 3750 7 , , , 34823 3750 8 silver silver JJ 34823 3750 9 bullion bullion NN 34823 3750 10 , , , 34823 3750 11 at at IN 34823 3750 12 the the DT 34823 3750 13 market market NN 34823 3750 14 ratio ratio NN 34823 3750 15 , , , 34823 3750 16 could could MD 34823 3750 17 perform perform VB 34823 3750 18 all all PDT 34823 3750 19 the the DT 34823 3750 20 exchange exchange NN 34823 3750 21 and and CC 34823 3750 22 reserve reserve NN 34823 3750 23 functions function NNS 34823 3750 24 now now RB 34823 3750 25 performed perform VBN 34823 3750 26 by by IN 34823 3750 27 gold gold NN 34823 3750 28 , , , 34823 3750 29 even even RB 34823 3750 30 though though IN 34823 3750 31 not not RB 34823 3750 32 so so RB 34823 3750 33 conveniently conveniently RB 34823 3750 34 . . . 34823 3751 1 [ [ -LRB- 34823 3751 2 370 370 CD 34823 3751 3 ] ] -RRB- 34823 3751 4 Nicholson Nicholson NNP 34823 3751 5 's 's POS 34823 3751 6 description description NN 34823 3751 7 of of IN 34823 3751 8 the the DT 34823 3751 9 use use NN 34823 3751 10 of of IN 34823 3751 11 gold gold NN 34823 3751 12 as as IN 34823 3751 13 a a DT 34823 3751 14 reserve reserve NN 34823 3751 15 , , , 34823 3751 16 while while IN 34823 3751 17 calling call VBG 34823 3751 18 attention attention NN 34823 3751 19 to to IN 34823 3751 20 an an DT 34823 3751 21 important important JJ 34823 3751 22 fact fact NN 34823 3751 23 , , , 34823 3751 24 has have VBZ 34823 3751 25 led lead VBN 34823 3751 26 him -PRON- PRP 34823 3751 27 into into IN 34823 3751 28 the the DT 34823 3751 29 error error NN 34823 3751 30 of of IN 34823 3751 31 supposing supposing NN 34823 3751 32 that that IN 34823 3751 33 what what WP 34823 3751 34 may may MD 34823 3751 35 be be VB 34823 3751 36 true true JJ 34823 3751 37 of of IN 34823 3751 38 gold gold NN 34823 3751 39 , , , 34823 3751 40 the the DT 34823 3751 41 _ _ NNP 34823 3751 42 medium medium NN 34823 3751 43 of of IN 34823 3751 44 exchange exchange NN 34823 3751 45 _ _ NNP 34823 3751 46 , , , 34823 3751 47 and and CC 34823 3751 48 _ _ NNP 34823 3751 49 reserve reserve NN 34823 3751 50 for for IN 34823 3751 51 credit credit NN 34823 3751 52 operations operation NNS 34823 3751 53 _ _ NNP 34823 3751 54 is be VBZ 34823 3751 55 necessarily necessarily RB 34823 3751 56 true true JJ 34823 3751 57 of of IN 34823 3751 58 the the DT 34823 3751 59 _ _ NNP 34823 3751 60 standard standard NN 34823 3751 61 of of IN 34823 3751 62 value value NN 34823 3751 63 as as IN 34823 3751 64 such such JJ 34823 3751 65 _ _ NNP 34823 3751 66 . . . 34823 3752 1 Nicholson Nicholson NNP 34823 3752 2 is be VBZ 34823 3752 3 correct correct JJ 34823 3752 4 , , , 34823 3752 5 however however RB 34823 3752 6 , , , 34823 3752 7 in in IN 34823 3752 8 looking look VBG 34823 3752 9 to to IN 34823 3752 10 the the DT 34823 3752 11 standard standard NN 34823 3752 12 of of IN 34823 3752 13 value value NN 34823 3752 14 for for IN 34823 3752 15 part part NN 34823 3752 16 of of IN 34823 3752 17 the the DT 34823 3752 18 explanation explanation NN 34823 3752 19 of of IN 34823 3752 20 changes change NNS 34823 3752 21 in in IN 34823 3752 22 prices price NNS 34823 3752 23 . . . 34823 3753 1 And and CC 34823 3753 2 , , , 34823 3753 3 _ _ NNP 34823 3753 4 since since IN 34823 3753 5 it -PRON- PRP 34823 3753 6 so so RB 34823 3753 7 happens happen VBZ 34823 3753 8 _ _ NNP 34823 3753 9 that that IN 34823 3753 10 a a DT 34823 3753 11 considerable considerable JJ 34823 3753 12 part part NN 34823 3753 13 of of IN 34823 3753 14 the the DT 34823 3753 15 value value NN 34823 3753 16 of of IN 34823 3753 17 the the DT 34823 3753 18 standard standard NN 34823 3753 19 of of IN 34823 3753 20 value value NN 34823 3753 21 comes come VBZ 34823 3753 22 from from IN 34823 3753 23 its -PRON- PRP$ 34823 3753 24 employment employment NN 34823 3753 25 as as IN 34823 3753 26 medium medium NN 34823 3753 27 of of IN 34823 3753 28 exchange exchange NN 34823 3753 29 and and CC 34823 3753 30 reserve reserve NN 34823 3753 31 , , , 34823 3753 32 he -PRON- PRP 34823 3753 33 is be VBZ 34823 3753 34 correct correct JJ 34823 3753 35 in in IN 34823 3753 36 looking look VBG 34823 3753 37 to to IN 34823 3753 38 its -PRON- PRP$ 34823 3753 39 use use NN 34823 3753 40 as as IN 34823 3753 41 money money NN 34823 3753 42 as as IN 34823 3753 43 part part NN 34823 3753 44 of of IN 34823 3753 45 the the DT 34823 3753 46 explanation explanation NN 34823 3753 47 of of IN 34823 3753 48 its -PRON- PRP$ 34823 3753 49 value value NN 34823 3753 50 . . . 34823 3754 1 His -PRON- PRP$ 34823 3754 2 error error NN 34823 3754 3 comes come VBZ 34823 3754 4 , , , 34823 3754 5 however however RB 34823 3754 6 , , , 34823 3754 7 in in IN 34823 3754 8 failing fail VBG 34823 3754 9 to to TO 34823 3754 10 see see VB 34823 3754 11 that that IN 34823 3754 12 independent independent JJ 34823 3754 13 changes change NNS 34823 3754 14 in in IN 34823 3754 15 the the DT 34823 3754 16 values value NNS 34823 3754 17 of of IN 34823 3754 18 goods good NNS 34823 3754 19 may may MD 34823 3754 20 also also RB 34823 3754 21 change change VB 34823 3754 22 the the DT 34823 3754 23 price price NN 34823 3754 24 - - HYPH 34823 3754 25 level level NN 34823 3754 26 , , , 34823 3754 27 and and CC 34823 3754 28 that that IN 34823 3754 29 variations variation NNS 34823 3754 30 in in IN 34823 3754 31 the the DT 34823 3754 32 demand demand NN 34823 3754 33 for for IN 34823 3754 34 gold gold NN 34823 3754 35 as as IN 34823 3754 36 a a DT 34823 3754 37 commodity commodity NN 34823 3754 38 may may MD 34823 3754 39 also also RB 34823 3754 40 change change VB 34823 3754 41 the the DT 34823 3754 42 value value NN 34823 3754 43 of of IN 34823 3754 44 gold gold NN 34823 3754 45 , , , 34823 3754 46 and and CC 34823 3754 47 so so RB 34823 3754 48 change change VB 34823 3754 49 the the DT 34823 3754 50 price price NN 34823 3754 51 - - HYPH 34823 3754 52 level level NN 34823 3754 53 . . . 34823 3755 1 Further further RB 34823 3755 2 , , , 34823 3755 3 in in IN 34823 3755 4 so so RB 34823 3755 5 far far RB 34823 3755 6 as as IN 34823 3755 7 Nicholson Nicholson NNP 34823 3755 8 clings cling VBZ 34823 3755 9 to to IN 34823 3755 10 the the DT 34823 3755 11 notion notion NN 34823 3755 12 of of IN 34823 3755 13 prices price NNS 34823 3755 14 as as IN 34823 3755 15 depending depend VBG 34823 3755 16 on on IN 34823 3755 17 a a DT 34823 3755 18 mechanical mechanical JJ 34823 3755 19 equilibration equilibration NN 34823 3755 20 of of IN 34823 3755 21 physical physical JJ 34823 3755 22 quantities quantity NNS 34823 3755 23 , , , 34823 3755 24 he -PRON- PRP 34823 3755 25 is be VBZ 34823 3755 26 subject subject JJ 34823 3755 27 to to IN 34823 3755 28 the the DT 34823 3755 29 criticisms criticism NNS 34823 3755 30 given give VBN 34823 3755 31 before before IN 34823 3755 32 of of IN 34823 3755 33 the the DT 34823 3755 34 general general JJ 34823 3755 35 quantity quantity NN 34823 3755 36 theory theory NN 34823 3755 37 , , , 34823 3755 38 and and CC 34823 3755 39 in in IN 34823 3755 40 so so RB 34823 3755 41 far far RB 34823 3755 42 as as IN 34823 3755 43 he -PRON- PRP 34823 3755 44 clings cling VBZ 34823 3755 45 to to IN 34823 3755 46 the the DT 34823 3755 47 identity identity NN 34823 3755 48 of of IN 34823 3755 49 the the DT 34823 3755 50 value value NN 34823 3755 51 of of IN 34823 3755 52 gold gold NN 34823 3755 53 with with IN 34823 3755 54 the the DT 34823 3755 55 reciprocal reciprocal NN 34823 3755 56 of of IN 34823 3755 57 the the DT 34823 3755 58 price price NN 34823 3755 59 - - HYPH 34823 3755 60 level,--the level,--the RP 34823 3755 61 relative relative JJ 34823 3755 62 conception conception NN 34823 3755 63 of of IN 34823 3755 64 value value NN 34823 3755 65 -- -- : 34823 3755 66 he -PRON- PRP 34823 3755 67 is be VBZ 34823 3755 68 subject subject JJ 34823 3755 69 to to IN 34823 3755 70 the the DT 34823 3755 71 criticisms criticism NNS 34823 3755 72 already already RB 34823 3755 73 urged urge VBD 34823 3755 74 . . . 34823 3756 1 Again again RB 34823 3756 2 , , , 34823 3756 3 even even RB 34823 3756 4 for for IN 34823 3756 5 a a DT 34823 3756 6 single single JJ 34823 3756 7 country country NN 34823 3756 8 , , , 34823 3756 9 the the DT 34823 3756 10 connection connection NN 34823 3756 11 between between IN 34823 3756 12 volume volume NN 34823 3756 13 of of IN 34823 3756 14 reserves reserve NNS 34823 3756 15 and and CC 34823 3756 16 volume volume NN 34823 3756 17 of of IN 34823 3756 18 credit credit NN 34823 3756 19 is be VBZ 34823 3756 20 very very RB 34823 3756 21 loose loose JJ 34823 3756 22 and and CC 34823 3756 23 shifting shift VBG 34823 3756 24 . . . 34823 3757 1 A a DT 34823 3757 2 thousand thousand CD 34823 3757 3 factors factor NNS 34823 3757 4 besides besides IN 34823 3757 5 volume volume NN 34823 3757 6 of of IN 34823 3757 7 standard standard JJ 34823 3757 8 money money NN 34823 3757 9 in in IN 34823 3757 10 a a DT 34823 3757 11 country country NN 34823 3757 12 determine determine VBP 34823 3757 13 the the DT 34823 3757 14 expansions expansion NNS 34823 3757 15 and and CC 34823 3757 16 contractions contraction NNS 34823 3757 17 of of IN 34823 3757 18 credit credit NN 34823 3757 19 , , , 34823 3757 20 and and CC 34823 3757 21 the the DT 34823 3757 22 long long JJ 34823 3757 23 run run NN 34823 3757 24 average average JJ 34823 3757 25 of of IN 34823 3757 26 credit credit NN 34823 3757 27 . . . 34823 3758 1 For for IN 34823 3758 2 the the DT 34823 3758 3 whole whole JJ 34823 3758 4 world world NN 34823 3758 5 , , , 34823 3758 6 this this DT 34823 3758 7 connection connection NN 34823 3758 8 is be VBZ 34823 3758 9 even even RB 34823 3758 10 looser loose JJR 34823 3758 11 . . . 34823 3759 1 To to TO 34823 3759 2 assume assume VB 34823 3759 3 a a DT 34823 3759 4 fixed fix VBN 34823 3759 5 ratio ratio NN 34823 3759 6 between between IN 34823 3759 7 them -PRON- PRP 34823 3759 8 for for IN 34823 3759 9 the the DT 34823 3759 10 whole whole JJ 34823 3759 11 world world NN 34823 3759 12 , , , 34823 3759 13 one one PRP 34823 3759 14 would would MD 34823 3759 15 have have VB 34823 3759 16 to to TO 34823 3759 17 assume assume VB 34823 3759 18 that that IN 34823 3759 19 all all PDT 34823 3759 20 the the DT 34823 3759 21 world world NN 34823 3759 22 was be VBD 34823 3759 23 simultaneously simultaneously RB 34823 3759 24 , , , 34823 3759 25 and and CC 34823 3759 26 normally normally RB 34823 3759 27 , , , 34823 3759 28 straining strain VBG 34823 3759 29 its -PRON- PRP$ 34823 3759 30 possibility possibility NN 34823 3759 31 of of IN 34823 3759 32 credit credit NN 34823 3759 33 expansion expansion NN 34823 3759 34 to to IN 34823 3759 35 the the DT 34823 3759 36 utmost utmost JJ 34823 3759 37 , , , 34823 3759 38 so so IN 34823 3759 39 that that IN 34823 3759 40 the the DT 34823 3759 41 minimum minimum JJ 34823 3759 42 ratio ratio NN 34823 3759 43 -- -- : 34823 3759 44 a a DT 34823 3759 45 notion notion NN 34823 3759 46 which which WDT 34823 3759 47 is be VBZ 34823 3759 48 far far RB 34823 3759 49 from from IN 34823 3759 50 precise[371]--should precise[371]--should NNP 34823 3759 51 also also RB 34823 3759 52 be be VB 34823 3759 53 the the DT 34823 3759 54 normal normal JJ 34823 3759 55 maximum maximum NN 34823 3759 56 , , , 34823 3759 57 and and CC 34823 3759 58 so so IN 34823 3759 59 that that IN 34823 3759 60 no no DT 34823 3759 61 country country NN 34823 3759 62 , , , 34823 3759 63 in in IN 34823 3759 64 expanding expand VBG 34823 3759 65 its -PRON- PRP$ 34823 3759 66 credit credit NN 34823 3759 67 , , , 34823 3759 68 could could MD 34823 3759 69 draw draw VB 34823 3759 70 in in IN 34823 3759 71 new new JJ 34823 3759 72 reserves reserve NNS 34823 3759 73 from from IN 34823 3759 74 other other JJ 34823 3759 75 countries country NNS 34823 3759 76 which which WDT 34823 3759 77 had have VBD 34823 3759 78 more more JJR 34823 3759 79 quiescent quiescent JJ 34823 3759 80 business business NN 34823 3759 81 conditions condition NNS 34823 3759 82 . . . 34823 3760 1 Nicholson Nicholson NNP 34823 3760 2 's 's POS 34823 3760 3 notion notion NN 34823 3760 4 of of IN 34823 3760 5 the the DT 34823 3760 6 world world NN 34823 3760 7 price price NN 34823 3760 8 - - HYPH 34823 3760 9 level level NN 34823 3760 10 , , , 34823 3760 11 moreover moreover RB 34823 3760 12 , , , 34823 3760 13 is be VBZ 34823 3760 14 subject subject JJ 34823 3760 15 to to IN 34823 3760 16 the the DT 34823 3760 17 criticisms criticism NNS 34823 3760 18 I -PRON- PRP 34823 3760 19 have have VBP 34823 3760 20 made make VBN 34823 3760 21 in in IN 34823 3760 22 the the DT 34823 3760 23 chapter chapter NN 34823 3760 24 on on IN 34823 3760 25 " " `` 34823 3760 26 The the DT 34823 3760 27 Quantity Quantity NNP 34823 3760 28 Theory Theory NNP 34823 3760 29 and and CC 34823 3760 30 International International NNP 34823 3760 31 Gold Gold NNP 34823 3760 32 Movements Movements NNPS 34823 3760 33 . . . 34823 3760 34 " " '' 34823 3761 1 How how WRB 34823 3761 2 can can MD 34823 3761 3 the the DT 34823 3761 4 world world NN 34823 3761 5 level level NN 34823 3761 6 have have VBP 34823 3761 7 a a DT 34823 3761 8 close close JJ 34823 3761 9 connection connection NN 34823 3761 10 with with IN 34823 3761 11 the the DT 34823 3761 12 volume volume NN 34823 3761 13 of of IN 34823 3761 14 gold gold NN 34823 3761 15 , , , 34823 3761 16 if if IN 34823 3761 17 different different JJ 34823 3761 18 elements element NNS 34823 3761 19 in in IN 34823 3761 20 the the DT 34823 3761 21 world world NN 34823 3761 22 price price NN 34823 3761 23 - - HYPH 34823 3761 24 level level NN 34823 3761 25 , , , 34823 3761 26 the the DT 34823 3761 27 price price NN 34823 3761 28 - - HYPH 34823 3761 29 levels level NNS 34823 3761 30 of of IN 34823 3761 31 different different JJ 34823 3761 32 countries country NNS 34823 3761 33 , , , 34823 3761 34 can can MD 34823 3761 35 vary vary VB 34823 3761 36 so so RB 34823 3761 37 widely widely RB 34823 3761 38 and and CC 34823 3761 39 divergently divergently RB 34823 3761 40 as as IN 34823 3761 41 compared compare VBN 34823 3761 42 with with IN 34823 3761 43 one one CD 34823 3761 44 another another DT 34823 3761 45 ? ? . 34823 3762 1 Even even RB 34823 3762 2 granting grant VBG 34823 3762 3 -- -- : 34823 3762 4 which which WDT 34823 3762 5 I -PRON- PRP 34823 3762 6 do do VBP 34823 3762 7 not not RB 34823 3762 8 grant grant VB 34823 3762 9 , , , 34823 3762 10 and and CC 34823 3762 11 which which WDT 34823 3762 12 I -PRON- PRP 34823 3762 13 maintain maintain VBP 34823 3762 14 I -PRON- PRP 34823 3762 15 have have VBP 34823 3762 16 disproved disprove VBN 34823 3762 17 -- -- : 34823 3762 18 that that IN 34823 3762 19 the the DT 34823 3762 20 price price NN 34823 3762 21 - - HYPH 34823 3762 22 level level NN 34823 3762 23 in in IN 34823 3762 24 one one CD 34823 3762 25 country country NN 34823 3762 26 has have VBZ 34823 3762 27 a a DT 34823 3762 28 close close JJ 34823 3762 29 connection connection NN 34823 3762 30 with with IN 34823 3762 31 its -PRON- PRP$ 34823 3762 32 stock stock NN 34823 3762 33 of of IN 34823 3762 34 gold gold NN 34823 3762 35 , , , 34823 3762 36 would would MD 34823 3762 37 it -PRON- PRP 34823 3762 38 not not RB 34823 3762 39 be be VB 34823 3762 40 true true JJ 34823 3762 41 that that IN 34823 3762 42 the the DT 34823 3762 43 average average JJ 34823 3762 44 price price NN 34823 3762 45 - - HYPH 34823 3762 46 level level NN 34823 3762 47 for for IN 34823 3762 48 the the DT 34823 3762 49 world world NN 34823 3762 50 would would MD 34823 3762 51 vary vary VB 34823 3762 52 greatly greatly RB 34823 3762 53 , , , 34823 3762 54 with with IN 34823 3762 55 the the DT 34823 3762 56 same same JJ 34823 3762 57 world world NN 34823 3762 58 stock stock NN 34823 3762 59 of of IN 34823 3762 60 gold gold NN 34823 3762 61 , , , 34823 3762 62 depending depend VBG 34823 3762 63 on on IN 34823 3762 64 which which WDT 34823 3762 65 countries country NNS 34823 3762 66 had have VBD 34823 3762 67 the the DT 34823 3762 68 gold gold NN 34823 3762 69 ? ? . 34823 3763 1 There there EX 34823 3763 2 is be VBZ 34823 3763 3 nothing nothing NN 34823 3763 4 in in IN 34823 3763 5 Nicholson Nicholson NNP 34823 3763 6 's 's POS 34823 3763 7 doctrine doctrine NN 34823 3763 8 which which WDT 34823 3763 9 seems seem VBZ 34823 3763 10 to to IN 34823 3763 11 me -PRON- PRP 34823 3763 12 to to TO 34823 3763 13 justify justify VB 34823 3763 14 in in IN 34823 3763 15 any any DT 34823 3763 16 degree degree NN 34823 3763 17 the the DT 34823 3763 18 doctrine doctrine NN 34823 3763 19 that that IN 34823 3763 20 prices price NNS 34823 3763 21 , , , 34823 3763 22 in in IN 34823 3763 23 a a DT 34823 3763 24 single single JJ 34823 3763 25 country country NN 34823 3763 26 , , , 34823 3763 27 or or CC 34823 3763 28 in in IN 34823 3763 29 the the DT 34823 3763 30 world world NN 34823 3763 31 at at IN 34823 3763 32 large large JJ 34823 3763 33 , , , 34823 3763 34 show show VB 34823 3763 35 any any DT 34823 3763 36 tendency tendency NN 34823 3763 37 to to IN 34823 3763 38 _ _ NNP 34823 3763 39 proportional proportional JJ 34823 3763 40 _ _ NNP 34823 3763 41 variation variation NN 34823 3763 42 with with IN 34823 3763 43 the the DT 34823 3763 44 quantity quantity NN 34823 3763 45 of of IN 34823 3763 46 money money NN 34823 3763 47 , , , 34823 3763 48 or or CC 34823 3763 49 with with IN 34823 3763 50 the the DT 34823 3763 51 world world NN 34823 3763 52 's 's POS 34823 3763 53 stock stock NN 34823 3763 54 of of IN 34823 3763 55 gold gold NN 34823 3763 56 . . . 34823 3764 1 Is be VBZ 34823 3764 2 it -PRON- PRP 34823 3764 3 not not RB 34823 3764 4 true true JJ 34823 3764 5 , , , 34823 3764 6 then then RB 34823 3764 7 , , , 34823 3764 8 that that IN 34823 3764 9 there there EX 34823 3764 10 is be VBZ 34823 3764 11 _ _ NNP 34823 3764 12 some some DT 34823 3764 13 _ _ NNP 34823 3764 14 sort sort NN 34823 3764 15 of of IN 34823 3764 16 relation relation NN 34823 3764 17 between between IN 34823 3764 18 gold gold NN 34823 3764 19 production production NN 34823 3764 20 and and CC 34823 3764 21 world world NN 34823 3764 22 prices price NNS 34823 3764 23 ? ? . 34823 3765 1 It -PRON- PRP 34823 3765 2 is be VBZ 34823 3765 3 . . . 34823 3766 1 Gold gold NN 34823 3766 2 is be VBZ 34823 3766 3 like like IN 34823 3766 4 other other JJ 34823 3766 5 commodities commodity NNS 34823 3766 6 . . . 34823 3767 1 Its -PRON- PRP$ 34823 3767 2 value value NN 34823 3767 3 tends tend VBZ 34823 3767 4 to to TO 34823 3767 5 sink sink VB 34823 3767 6 as as IN 34823 3767 7 its -PRON- PRP$ 34823 3767 8 quantity quantity NN 34823 3767 9 is be VBZ 34823 3767 10 increased increase VBN 34823 3767 11 . . . 34823 3768 1 As as IN 34823 3768 2 its -PRON- PRP$ 34823 3768 3 value value NN 34823 3768 4 sinks sink NNS 34823 3768 5 , , , 34823 3768 6 prices price NNS 34823 3768 7 tend tend VBP 34823 3768 8 to to TO 34823 3768 9 rise rise VB 34823 3768 10 . . . 34823 3769 1 As as IN 34823 3769 2 to to IN 34823 3769 3 the the DT 34823 3769 4 elasticity elasticity NN 34823 3769 5 in in IN 34823 3769 6 the the DT 34823 3769 7 value value NN 34823 3769 8 - - HYPH 34823 3769 9 curve curve NN 34823 3769 10 for for IN 34823 3769 11 gold gold NN 34823 3769 12 , , , 34823 3769 13 I -PRON- PRP 34823 3769 14 think think VBP 34823 3769 15 it -PRON- PRP 34823 3769 16 will will MD 34823 3769 17 be be VB 34823 3769 18 best good JJS 34823 3769 19 to to TO 34823 3769 20 reserve reserve VB 34823 3769 21 discussion discussion NN 34823 3769 22 till till IN 34823 3769 23 a a DT 34823 3769 24 later later JJ 34823 3769 25 chapter,[372 chapter,[372 NN 34823 3769 26 ] ] -RRB- 34823 3769 27 in in IN 34823 3769 28 Part Part NNP 34823 3769 29 III III NNP 34823 3769 30 . . . 34823 3770 1 We -PRON- PRP 34823 3770 2 shall shall MD 34823 3770 3 there there EX 34823 3770 4 find find VB 34823 3770 5 reason reason NN 34823 3770 6 for for IN 34823 3770 7 thinking think VBG 34823 3770 8 that that DT 34823 3770 9 gold gold NN 34823 3770 10 has have VBZ 34823 3770 11 much much RB 34823 3770 12 greater great JJR 34823 3770 13 elasticity elasticity NN 34823 3770 14 in in IN 34823 3770 15 this this DT 34823 3770 16 respect respect NN 34823 3770 17 than than IN 34823 3770 18 most most JJS 34823 3770 19 other other JJ 34823 3770 20 commodities commodity NNS 34823 3770 21 . . . 34823 3771 1 That that IN 34823 3771 2 its -PRON- PRP$ 34823 3771 3 value value NN 34823 3771 4 should should MD 34823 3771 5 fall fall VB 34823 3771 6 _ _ NNP 34823 3771 7 proportionately proportionately RB 34823 3771 8 _ _ NNP 34823 3771 9 with with IN 34823 3771 10 an an DT 34823 3771 11 increase increase NN 34823 3771 12 in in IN 34823 3771 13 its -PRON- PRP$ 34823 3771 14 quantity quantity NN 34823 3771 15 , , , 34823 3771 16 I -PRON- PRP 34823 3771 17 should should MD 34823 3771 18 not not RB 34823 3771 19 at at RB 34823 3771 20 all all RB 34823 3771 21 conclude conclude VB 34823 3771 22 . . . 34823 3772 1 Even even RB 34823 3772 2 if if IN 34823 3772 3 its -PRON- PRP$ 34823 3772 4 value value NN 34823 3772 5 did do VBD 34823 3772 6 sink sink VB 34823 3772 7 proportionately proportionately RB 34823 3772 8 with with IN 34823 3772 9 an an DT 34823 3772 10 increase increase NN 34823 3772 11 , , , 34823 3772 12 prices price NNS 34823 3772 13 would would MD 34823 3772 14 rise rise VB 34823 3772 15 proportionately proportionately RB 34823 3772 16 only only RB 34823 3772 17 if if IN 34823 3772 18 the the DT 34823 3772 19 values value NNS 34823 3772 20 of of IN 34823 3772 21 goods good NNS 34823 3772 22 remained remain VBD 34823 3772 23 unchanged unchanged JJ 34823 3772 24 . . . 34823 3773 1 But but CC 34823 3773 2 why why WRB 34823 3773 3 do do VBP 34823 3773 4 we -PRON- PRP 34823 3773 5 need need VB 34823 3773 6 a a DT 34823 3773 7 _ _ NNP 34823 3773 8 quantity quantity NN 34823 3773 9 theory theory NN 34823 3773 10 _ _ NNP 34823 3773 11 of of IN 34823 3773 12 _ _ NNP 34823 3773 13 money money NN 34823 3773 14 _ _ NNP 34823 3773 15 , , , 34823 3773 16 with with IN 34823 3773 17 all all DT 34823 3773 18 its -PRON- PRP$ 34823 3773 19 artificial artificial JJ 34823 3773 20 assumptions assumption NNS 34823 3773 21 , , , 34823 3773 22 and and CC 34823 3773 23 its -PRON- PRP$ 34823 3773 24 law law NN 34823 3773 25 of of IN 34823 3773 26 strict strict JJ 34823 3773 27 proportionality proportionality NN 34823 3773 28 , , , 34823 3773 29 to to TO 34823 3773 30 enable enable VB 34823 3773 31 us -PRON- PRP 34823 3773 32 to to TO 34823 3773 33 assert assert VB 34823 3773 34 the the DT 34823 3773 35 simple simple JJ 34823 3773 36 fact fact NN 34823 3773 37 that that IN 34823 3773 38 gold gold NN 34823 3773 39 , , , 34823 3773 40 like like IN 34823 3773 41 other other JJ 34823 3773 42 commodities commodity NNS 34823 3773 43 , , , 34823 3773 44 has have VBZ 34823 3773 45 a a DT 34823 3773 46 value value NN 34823 3773 47 not not RB 34823 3773 48 independent independent JJ 34823 3773 49 of of IN 34823 3773 50 its -PRON- PRP$ 34823 3773 51 quantity quantity NN 34823 3773 52 ? ? . 34823 3774 1 What what WDT 34823 3774 2 theory theory NN 34823 3774 3 of of IN 34823 3774 4 money money NN 34823 3774 5 would would MD 34823 3774 6 deny deny VB 34823 3774 7 it -PRON- PRP 34823 3774 8 ? ? . 34823 3775 1 Surely surely RB 34823 3775 2 not not RB 34823 3775 3 the the DT 34823 3775 4 commodity commodity NN 34823 3775 5 or or CC 34823 3775 6 bullionist bullionist NN 34823 3775 7 theory theory NN 34823 3775 8 . . . 34823 3776 1 For for IN 34823 3776 2 that that DT 34823 3776 3 theory theory NN 34823 3776 4 , , , 34823 3776 5 which which WDT 34823 3776 6 seeks seek VBZ 34823 3776 7 the the DT 34823 3776 8 explanation explanation NN 34823 3776 9 of of IN 34823 3776 10 the the DT 34823 3776 11 value value NN 34823 3776 12 of of IN 34823 3776 13 money money NN 34823 3776 14 in in IN 34823 3776 15 the the DT 34823 3776 16 value value NN 34823 3776 17 of of IN 34823 3776 18 gold gold NN 34823 3776 19 in in IN 34823 3776 20 the the DT 34823 3776 21 arts art NNS 34823 3776 22 , , , 34823 3776 23 it -PRON- PRP 34823 3776 24 would would MD 34823 3776 25 go go VB 34823 3776 26 without without IN 34823 3776 27 saying say VBG 34823 3776 28 that that IN 34823 3776 29 an an DT 34823 3776 30 increase increase NN 34823 3776 31 in in IN 34823 3776 32 the the DT 34823 3776 33 supply supply NN 34823 3776 34 of of IN 34823 3776 35 gold gold NN 34823 3776 36 for for IN 34823 3776 37 the the DT 34823 3776 38 arts art NNS 34823 3776 39 would would MD 34823 3776 40 lower lower VB 34823 3776 41 its -PRON- PRP$ 34823 3776 42 value value NN 34823 3776 43 there there RB 34823 3776 44 and and CC 34823 3776 45 consequently consequently RB 34823 3776 46 , , , 34823 3776 47 its -PRON- PRP$ 34823 3776 48 value value NN 34823 3776 49 as as IN 34823 3776 50 money money NN 34823 3776 51 . . . 34823 3777 1 Surely surely RB 34823 3777 2 the the DT 34823 3777 3 theory theory NN 34823 3777 4 which which WDT 34823 3777 5 I -PRON- PRP 34823 3777 6 shall shall MD 34823 3777 7 maintain maintain VB 34823 3777 8 in in IN 34823 3777 9 Part Part NNP 34823 3777 10 III III NNP 34823 3777 11 of of IN 34823 3777 12 this this DT 34823 3777 13 book book NN 34823 3777 14 will will MD 34823 3777 15 not not RB 34823 3777 16 deny deny VB 34823 3777 17 that that IN 34823 3777 18 increased increase VBN 34823 3777 19 gold gold NN 34823 3777 20 production production NN 34823 3777 21 tends tend VBZ 34823 3777 22 to to TO 34823 3777 23 lower lower VB 34823 3777 24 the the DT 34823 3777 25 value value NN 34823 3777 26 of of IN 34823 3777 27 money money NN 34823 3777 28 , , , 34823 3777 29 and and CC 34823 3777 30 consequently consequently RB 34823 3777 31 to to TO 34823 3777 32 raise raise VB 34823 3777 33 prices price NNS 34823 3777 34 . . . 34823 3778 1 With with IN 34823 3778 2 the the DT 34823 3778 3 " " `` 34823 3778 4 quantity quantity NN 34823 3778 5 theorist theorist NN 34823 3778 6 " " '' 34823 3778 7 who who WP 34823 3778 8 is be VBZ 34823 3778 9 content content JJ 34823 3778 10 with with IN 34823 3778 11 this this DT 34823 3778 12 conclusion conclusion NN 34823 3778 13 , , , 34823 3778 14 I -PRON- PRP 34823 3778 15 have have VBP 34823 3778 16 no no DT 34823 3778 17 quarrel quarrel NN 34823 3778 18 -- -- : 34823 3778 19 unless unless IN 34823 3778 20 he -PRON- PRP 34823 3778 21 claims claim VBZ 34823 3778 22 this this DT 34823 3778 23 obvious obvious JJ 34823 3778 24 truth truth NN 34823 3778 25 as as IN 34823 3778 26 the the DT 34823 3778 27 unique unique JJ 34823 3778 28 possession possession NN 34823 3778 29 of of IN 34823 3778 30 the the DT 34823 3778 31 quantity quantity NN 34823 3778 32 theory theory NN 34823 3778 33 ! ! . 34823 3779 1 CHAPTER chapter NN 34823 3779 2 XIX XIX NNP 34823 3779 3 STATISTICAL statistical JJ 34823 3779 4 DEMONSTRATIONS demonstrations NN 34823 3779 5 OF of IN 34823 3779 6 THE the DT 34823 3779 7 QUANTITY QUANTITY NNP 34823 3779 8 THEORY theory NN 34823 3779 9 -- -- : 34823 3779 10 THE the DT 34823 3779 11 REDISCOVERY rediscovery NN 34823 3779 12 OF of IN 34823 3779 13 A a DT 34823 3779 14 BURIED BURIED NNP 34823 3779 15 CITY CITY NNP 34823 3779 16 In in IN 34823 3779 17 the the DT 34823 3779 18 following follow VBG 34823 3779 19 chapter chapter NN 34823 3779 20 , , , 34823 3779 21 as as IN 34823 3779 22 in in IN 34823 3779 23 most most JJS 34823 3779 24 of of IN 34823 3779 25 the the DT 34823 3779 26 preceding precede VBG 34823 3779 27 chapters chapter NNS 34823 3779 28 , , , 34823 3779 29 constructive constructive JJ 34823 3779 30 doctrine doctrine NN 34823 3779 31 is be VBZ 34823 3779 32 aimed aim VBN 34823 3779 33 at at IN 34823 3779 34 , , , 34823 3779 35 even even RB 34823 3779 36 though though IN 34823 3779 37 the the DT 34823 3779 38 discussion discussion NN 34823 3779 39 takes take VBZ 34823 3779 40 , , , 34823 3779 41 in in IN 34823 3779 42 considerable considerable JJ 34823 3779 43 part part NN 34823 3779 44 , , , 34823 3779 45 the the DT 34823 3779 46 form form NN 34823 3779 47 of of IN 34823 3779 48 critical critical JJ 34823 3779 49 analysis analysis NN 34823 3779 50 of of IN 34823 3779 51 opposing oppose VBG 34823 3779 52 views view NNS 34823 3779 53 . . . 34823 3780 1 We -PRON- PRP 34823 3780 2 shall shall MD 34823 3780 3 seek seek VB 34823 3780 4 to to TO 34823 3780 5 set set VB 34823 3780 6 forth forth RP 34823 3780 7 the the DT 34823 3780 8 facts fact NNS 34823 3780 9 , , , 34823 3780 10 as as RB 34823 3780 11 far far RB 34823 3780 12 as as IN 34823 3780 13 may may MD 34823 3780 14 be be VB 34823 3780 15 , , , 34823 3780 16 regarding regard VBG 34823 3780 17 the the DT 34823 3780 18 relations relation NNS 34823 3780 19 of of IN 34823 3780 20 banking banking NN 34823 3780 21 transactions transaction NNS 34823 3780 22 to to IN 34823 3780 23 trade trade NN 34823 3780 24 , , , 34823 3780 25 the the DT 34823 3780 26 relations relation NNS 34823 3780 27 of of IN 34823 3780 28 clearings clearing NNS 34823 3780 29 to to TO 34823 3780 30 amounts amount NNS 34823 3780 31 deposited deposit VBN 34823 3780 32 in in IN 34823 3780 33 banks bank NNS 34823 3780 34 , , , 34823 3780 35 the the DT 34823 3780 36 relation relation NN 34823 3780 37 of of IN 34823 3780 38 New New NNP 34823 3780 39 York York NNP 34823 3780 40 City City NNP 34823 3780 41 clearings clearing NNS 34823 3780 42 to to IN 34823 3780 43 country country NN 34823 3780 44 clearings clearing NNS 34823 3780 45 , , , 34823 3780 46 and and CC 34823 3780 47 of of IN 34823 3780 48 New New NNP 34823 3780 49 York York NNP 34823 3780 50 bank bank NN 34823 3780 51 transactions transaction NNS 34823 3780 52 to to IN 34823 3780 53 bank bank NN 34823 3780 54 transactions transaction NNS 34823 3780 55 in in IN 34823 3780 56 the the DT 34823 3780 57 rest rest NN 34823 3780 58 of of IN 34823 3780 59 the the DT 34823 3780 60 country country NN 34823 3780 61 . . . 34823 3781 1 We -PRON- PRP 34823 3781 2 shall shall MD 34823 3781 3 seek seek VB 34823 3781 4 to to TO 34823 3781 5 ascertain ascertain VB 34823 3781 6 the the DT 34823 3781 7 extent extent NN 34823 3781 8 of of IN 34823 3781 9 variability variability NN 34823 3781 10 in in IN 34823 3781 11 that that DT 34823 3781 12 highly highly RB 34823 3781 13 elusive elusive JJ 34823 3781 14 magnitude magnitude NN 34823 3781 15 , , , 34823 3781 16 " " `` 34823 3781 17 velocity velocity NN 34823 3781 18 of of IN 34823 3781 19 circulation circulation NN 34823 3781 20 , , , 34823 3781 21 " " `` 34823 3781 22 particularly particularly RB 34823 3781 23 " " `` 34823 3781 24 V V NNP 34823 3781 25 ´ ´ CD 34823 3781 26 . . . 34823 3781 27 " " '' 34823 3782 1 We -PRON- PRP 34823 3782 2 shall shall MD 34823 3782 3 indicate indicate VB 34823 3782 4 something something NN 34823 3782 5 of of IN 34823 3782 6 the the DT 34823 3782 7 bearing bearing NN 34823 3782 8 of of IN 34823 3782 9 index index NN 34823 3782 10 numbers number NNS 34823 3782 11 of of IN 34823 3782 12 prices price NNS 34823 3782 13 on on IN 34823 3782 14 the the DT 34823 3782 15 theory theory NN 34823 3782 16 of of IN 34823 3782 17 the the DT 34823 3782 18 value value NN 34823 3782 19 of of IN 34823 3782 20 money money NN 34823 3782 21 as as RB 34823 3782 22 here here RB 34823 3782 23 presented present VBN 34823 3782 24 . . . 34823 3783 1 In in IN 34823 3783 2 reaching reach VBG 34823 3783 3 conclusions conclusion NNS 34823 3783 4 on on IN 34823 3783 5 these these DT 34823 3783 6 and and CC 34823 3783 7 related related JJ 34823 3783 8 matters matter NNS 34823 3783 9 , , , 34823 3783 10 we -PRON- PRP 34823 3783 11 shall shall MD 34823 3783 12 build build VB 34823 3783 13 on on IN 34823 3783 14 the the DT 34823 3783 15 investigations investigation NNS 34823 3783 16 of of IN 34823 3783 17 Dean Dean NNP 34823 3783 18 Kinley Kinley NNP 34823 3783 19 , , , 34823 3783 20 on on IN 34823 3783 21 the the DT 34823 3783 22 very very RB 34823 3783 23 interesting interesting JJ 34823 3783 24 statistical statistical JJ 34823 3783 25 studies study NNS 34823 3783 26 of of IN 34823 3783 27 Kemmerer Kemmerer NNP 34823 3783 28 and and CC 34823 3783 29 Fisher Fisher NNP 34823 3783 30 based base VBN 34823 3783 31 on on IN 34823 3783 32 Kinley Kinley NNP 34823 3783 33 's 's POS 34823 3783 34 figures figure NNS 34823 3783 35 , , , 34823 3783 36 on on IN 34823 3783 37 investigations investigation NNS 34823 3783 38 more more RBR 34823 3783 39 recently recently RB 34823 3783 40 made make VBN 34823 3783 41 by by IN 34823 3783 42 the the DT 34823 3783 43 American American NNP 34823 3783 44 Bankers Bankers NNPS 34823 3783 45 ' ' POS 34823 3783 46 Association Association NNP 34823 3783 47 regarding regard VBG 34823 3783 48 the the DT 34823 3783 49 relation relation NN 34823 3783 50 of of IN 34823 3783 51 bank bank NN 34823 3783 52 transactions transaction NNS 34823 3783 53 and and CC 34823 3783 54 bank bank NN 34823 3783 55 clearings clearing NNS 34823 3783 56 , , , 34823 3783 57 on on IN 34823 3783 58 figures figure NNS 34823 3783 59 from from IN 34823 3783 60 reports report NNS 34823 3783 61 by by IN 34823 3783 62 the the DT 34823 3783 63 Comptroller Comptroller NNP 34823 3783 64 of of IN 34823 3783 65 the the DT 34823 3783 66 Currency Currency NNP 34823 3783 67 , , , 34823 3783 68 as as RB 34823 3783 69 well well RB 34823 3783 70 as as IN 34823 3783 71 on on IN 34823 3783 72 other other JJ 34823 3783 73 sources source NNS 34823 3783 74 . . . 34823 3784 1 One one CD 34823 3784 2 purpose purpose NN 34823 3784 3 of of IN 34823 3784 4 the the DT 34823 3784 5 chapter chapter NN 34823 3784 6 is be VBZ 34823 3784 7 to to TO 34823 3784 8 criticise criticise VB 34823 3784 9 the the DT 34823 3784 10 statistics statistic NNS 34823 3784 11 which which WDT 34823 3784 12 purport purport VBP 34823 3784 13 to to TO 34823 3784 14 prove prove VB 34823 3784 15 the the DT 34823 3784 16 quantity quantity NN 34823 3784 17 theory theory NN 34823 3784 18 . . . 34823 3785 1 The the DT 34823 3785 2 bulk bulk NN 34823 3785 3 of of IN 34823 3785 4 the the DT 34823 3785 5 chapter chapter NN 34823 3785 6 is be VBZ 34823 3785 7 given give VBN 34823 3785 8 to to IN 34823 3785 9 this this DT 34823 3785 10 . . . 34823 3786 1 But but CC 34823 3786 2 the the DT 34823 3786 3 work work NN 34823 3786 4 of of IN 34823 3786 5 Fisher Fisher NNP 34823 3786 6 and and CC 34823 3786 7 Kemmerer Kemmerer NNP 34823 3786 8 thus thus RB 34823 3786 9 criticised criticise VBD 34823 3786 10 yields yield NNS 34823 3786 11 rich rich JJ 34823 3786 12 rewards reward NNS 34823 3786 13 for for IN 34823 3786 14 the the DT 34823 3786 15 study study NN 34823 3786 16 . . . 34823 3787 1 The the DT 34823 3787 2 conclusions conclusion NNS 34823 3787 3 they -PRON- PRP 34823 3787 4 have have VBP 34823 3787 5 drawn draw VBN 34823 3787 6 from from IN 34823 3787 7 their -PRON- PRP$ 34823 3787 8 figures figure NNS 34823 3787 9 are be VBP 34823 3787 10 , , , 34823 3787 11 in in IN 34823 3787 12 the the DT 34823 3787 13 judgment judgment NN 34823 3787 14 of of IN 34823 3787 15 the the DT 34823 3787 16 writer writer NN 34823 3787 17 , , , 34823 3787 18 untenable untenable JJ 34823 3787 19 , , , 34823 3787 20 but but CC 34823 3787 21 the the DT 34823 3787 22 figures figure NNS 34823 3787 23 themselves -PRON- PRP 34823 3787 24 are be VBP 34823 3787 25 of of IN 34823 3787 26 immense immense JJ 34823 3787 27 interest interest NN 34823 3787 28 and and CC 34823 3787 29 importance importance NN 34823 3787 30 . . . 34823 3788 1 The the DT 34823 3788 2 controversy controversy NN 34823 3788 3 over over IN 34823 3788 4 the the DT 34823 3788 5 quantity quantity NN 34823 3788 6 theory theory NN 34823 3788 7 has have VBZ 34823 3788 8 been be VBN 34823 3788 9 waged wage VBN 34823 3788 10 with with IN 34823 3788 11 many many JJ 34823 3788 12 weapons weapon NNS 34823 3788 13 . . . 34823 3789 1 Theory theory NN 34823 3789 2 , , , 34823 3789 3 history history NN 34823 3789 4 , , , 34823 3789 5 and and CC 34823 3789 6 statistics statistic NNS 34823 3789 7 -- -- : 34823 3789 8 to to TO 34823 3789 9 say say VB 34823 3789 10 nothing nothing NN 34823 3789 11 of of IN 34823 3789 12 invective!--have invective!--have NNP 34823 3789 13 been be VBN 34823 3789 14 freely freely RB 34823 3789 15 employed employ VBN 34823 3789 16 . . . 34823 3790 1 In in IN 34823 3790 2 large large JJ 34823 3790 3 measure measure NN 34823 3790 4 , , , 34823 3790 5 the the DT 34823 3790 6 statistical statistical JJ 34823 3790 7 studies study NNS 34823 3790 8 have have VBP 34823 3790 9 been be VBN 34823 3790 10 concerned concern VBN 34823 3790 11 with with IN 34823 3790 12 the the DT 34823 3790 13 direct direct JJ 34823 3790 14 comparison comparison NN 34823 3790 15 of of IN 34823 3790 16 quantity quantity NN 34823 3790 17 of of IN 34823 3790 18 money money NN 34823 3790 19 and and CC 34823 3790 20 prices price NNS 34823 3790 21 , , , 34823 3790 22 in in IN 34823 3790 23 their -PRON- PRP$ 34823 3790 24 variations variation NNS 34823 3790 25 from from IN 34823 3790 26 year year NN 34823 3790 27 to to IN 34823 3790 28 year year NN 34823 3790 29 . . . 34823 3791 1 One one CD 34823 3791 2 of of IN 34823 3791 3 the the DT 34823 3791 4 best good JJS 34823 3791 5 of of IN 34823 3791 6 these these DT 34823 3791 7 studies study NNS 34823 3791 8 , , , 34823 3791 9 that that DT 34823 3791 10 of of IN 34823 3791 11 Professor Professor NNP 34823 3791 12 Wesley Wesley NNP 34823 3791 13 C. C. NNP 34823 3791 14 Mitchell Mitchell NNP 34823 3791 15 , , , 34823 3791 16 in in IN 34823 3791 17 his -PRON- PRP$ 34823 3791 18 _ _ NNP 34823 3791 19 History history NN 34823 3791 20 of of IN 34823 3791 21 the the DT 34823 3791 22 Greenbacks Greenbacks NNPS 34823 3791 23 _ _ NNP 34823 3791 24 ( ( -LRB- 34823 3791 25 followed follow VBN 34823 3791 26 by by IN 34823 3791 27 his -PRON- PRP$ 34823 3791 28 _ _ NNP 34823 3791 29 Gold Gold NNP 34823 3791 30 , , , 34823 3791 31 Prices Prices NNPS 34823 3791 32 and and CC 34823 3791 33 Wages Wages NNPS 34823 3791 34 under under IN 34823 3791 35 the the DT 34823 3791 36 Greenback Greenback NNP 34823 3791 37 Standard Standard NNP 34823 3791 38 _ _ NNP 34823 3791 39 ) ) -RRB- 34823 3791 40 , , , 34823 3791 41 has have VBZ 34823 3791 42 , , , 34823 3791 43 to to IN 34823 3791 44 the the DT 34823 3791 45 minds mind NNS 34823 3791 46 of of IN 34823 3791 47 many many JJ 34823 3791 48 students student NNS 34823 3791 49 , , , 34823 3791 50 including include VBG 34823 3791 51 the the DT 34823 3791 52 present present JJ 34823 3791 53 writer writer NN 34823 3791 54 , , , 34823 3791 55 put put VBD 34823 3791 56 it -PRON- PRP 34823 3791 57 beyond beyond IN 34823 3791 58 the the DT 34823 3791 59 pale pale NN 34823 3791 60 of of IN 34823 3791 61 controversy controversy NN 34823 3791 62 that that IN 34823 3791 63 the the DT 34823 3791 64 fluctuations fluctuation NNS 34823 3791 65 in in IN 34823 3791 66 the the DT 34823 3791 67 gold gold NN 34823 3791 68 premium premium NN 34823 3791 69 , , , 34823 3791 70 and and CC 34823 3791 71 in in IN 34823 3791 72 the the DT 34823 3791 73 level level NN 34823 3791 74 of of IN 34823 3791 75 prices price NNS 34823 3791 76 , , , 34823 3791 77 in in IN 34823 3791 78 the the DT 34823 3791 79 United United NNP 34823 3791 80 States States NNP 34823 3791 81 during during IN 34823 3791 82 the the DT 34823 3791 83 Greenback Greenback NNP 34823 3791 84 period period NN 34823 3791 85 , , , 34823 3791 86 both both CC 34823 3791 87 for for IN 34823 3791 88 long long JJ 34823 3791 89 periods period NNS 34823 3791 90 and and CC 34823 3791 91 for for IN 34823 3791 92 daily daily JJ 34823 3791 93 changes change NNS 34823 3791 94 , , , 34823 3791 95 were be VBD 34823 3791 96 not not RB 34823 3791 97 occasioned occasion VBN 34823 3791 98 by by IN 34823 3791 99 changes change NNS 34823 3791 100 in in IN 34823 3791 101 the the DT 34823 3791 102 quantity quantity NN 34823 3791 103 of of IN 34823 3791 104 money,[373 money,[373 NNP 34823 3791 105 ] ] -RRB- 34823 3791 106 but but CC 34823 3791 107 rather rather RB 34823 3791 108 , , , 34823 3791 109 primarily primarily RB 34823 3791 110 , , , 34823 3791 111 by by IN 34823 3791 112 military military JJ 34823 3791 113 and and CC 34823 3791 114 political political JJ 34823 3791 115 events event NNS 34823 3791 116 , , , 34823 3791 117 and and CC 34823 3791 118 other other JJ 34823 3791 119 things thing NNS 34823 3791 120 affecting affect VBG 34823 3791 121 the the DT 34823 3791 122 credit credit NN 34823 3791 123 of of IN 34823 3791 124 the the DT 34823 3791 125 Federal Federal NNP 34823 3791 126 Government Government NNP 34823 3791 127 , , , 34823 3791 128 together together RB 34823 3791 129 with with IN 34823 3791 130 changes change NNS 34823 3791 131 affecting affect VBG 34823 3791 132 the the DT 34823 3791 133 values value NNS 34823 3791 134 of of IN 34823 3791 135 gold gold NN 34823 3791 136 and and CC 34823 3791 137 of of IN 34823 3791 138 goods good NNS 34823 3791 139 . . . 34823 3792 1 Professor Professor NNP 34823 3792 2 Mitchell Mitchell NNP 34823 3792 3 's 's POS 34823 3792 4 discussion discussion NN 34823 3792 5 is be VBZ 34823 3792 6 so so RB 34823 3792 7 detailed detailed JJ 34823 3792 8 and and CC 34823 3792 9 thorough thorough JJ 34823 3792 10 , , , 34823 3792 11 that that IN 34823 3792 12 what what WDT 34823 3792 13 controversy controversy NN 34823 3792 14 remains remain VBZ 34823 3792 15 relates relate VBZ 34823 3792 16 , , , 34823 3792 17 not not RB 34823 3792 18 to to IN 34823 3792 19 his -PRON- PRP$ 34823 3792 20 facts fact NNS 34823 3792 21 , , , 34823 3792 22 but but CC 34823 3792 23 rather rather RB 34823 3792 24 to to IN 34823 3792 25 the the DT 34823 3792 26 possibility possibility NN 34823 3792 27 of of IN 34823 3792 28 interpreting interpret VBG 34823 3792 29 those those DT 34823 3792 30 facts fact NNS 34823 3792 31 in in IN 34823 3792 32 harmony harmony NN 34823 3792 33 with with IN 34823 3792 34 the the DT 34823 3792 35 quantity quantity NN 34823 3792 36 theory theory NN 34823 3792 37 , , , 34823 3792 38 by by IN 34823 3792 39 repudiating repudiate VBG 34823 3792 40 the the DT 34823 3792 41 notion notion NN 34823 3792 42 that that IN 34823 3792 43 the the DT 34823 3792 44 direct direct JJ 34823 3792 45 comparison comparison NN 34823 3792 46 of of IN 34823 3792 47 gold gold JJ 34823 3792 48 premiums premium NNS 34823 3792 49 or or CC 34823 3792 50 of of IN 34823 3792 51 prices price NNS 34823 3792 52 with with IN 34823 3792 53 quantity quantity NN 34823 3792 54 of of IN 34823 3792 55 money money NN 34823 3792 56 gives give VBZ 34823 3792 57 a a DT 34823 3792 58 valid valid JJ 34823 3792 59 test test NN 34823 3792 60 . . . 34823 3793 1 [ [ -LRB- 34823 3793 2 374 374 CD 34823 3793 3 ] ] -RRB- 34823 3793 4 Recent recent JJ 34823 3793 5 defenders defender NNS 34823 3793 6 of of IN 34823 3793 7 the the DT 34823 3793 8 quantity quantity NN 34823 3793 9 theory theory NN 34823 3793 10 have have VBP 34823 3793 11 undertaken undertake VBN 34823 3793 12 the the DT 34823 3793 13 examination examination NN 34823 3793 14 of of IN 34823 3793 15 more more JJR 34823 3793 16 complex complex JJ 34823 3793 17 statistics statistic NNS 34823 3793 18 than than IN 34823 3793 19 those those DT 34823 3793 20 concerned concerned JJ 34823 3793 21 with with IN 34823 3793 22 the the DT 34823 3793 23 simple simple JJ 34823 3793 24 concomitance concomitance NN 34823 3793 25 of of IN 34823 3793 26 quantity quantity NN 34823 3793 27 of of IN 34823 3793 28 money money NN 34823 3793 29 and and CC 34823 3793 30 prices price NNS 34823 3793 31 . . . 34823 3794 1 Two two CD 34823 3794 2 of of IN 34823 3794 3 these these DT 34823 3794 4 studies study NNS 34823 3794 5 , , , 34823 3794 6 the the DT 34823 3794 7 first first JJ 34823 3794 8 by by IN 34823 3794 9 Professor Professor NNP 34823 3794 10 Kemmerer[375 Kemmerer[375 NNP 34823 3794 11 ] ] -RRB- 34823 3794 12 and and CC 34823 3794 13 the the DT 34823 3794 14 second second JJ 34823 3794 15 by by IN 34823 3794 16 Professor Professor NNP 34823 3794 17 Fisher Fisher NNP 34823 3794 18 , , , 34823 3794 19 are be VBP 34823 3794 20 so so RB 34823 3794 21 elaborate elaborate JJ 34823 3794 22 , , , 34823 3794 23 have have VBP 34823 3794 24 commanded command VBN 34823 3794 25 such such JJ 34823 3794 26 general general JJ 34823 3794 27 attention attention NN 34823 3794 28 , , , 34823 3794 29 and and CC 34823 3794 30 have have VBP 34823 3794 31 been be VBN 34823 3794 32 accepted accept VBN 34823 3794 33 by by IN 34823 3794 34 so so RB 34823 3794 35 many many JJ 34823 3794 36 students student NNS 34823 3794 37 as as IN 34823 3794 38 conclusive conclusive JJ 34823 3794 39 demonstrations demonstration NNS 34823 3794 40 , , , 34823 3794 41 that that IN 34823 3794 42 I -PRON- PRP 34823 3794 43 feel feel VBP 34823 3794 44 it -PRON- PRP 34823 3794 45 proper proper JJ 34823 3794 46 to to TO 34823 3794 47 give give VB 34823 3794 48 them -PRON- PRP 34823 3794 49 detailed detailed JJ 34823 3794 50 examination examination NN 34823 3794 51 . . . 34823 3795 1 I -PRON- PRP 34823 3795 2 do do VBP 34823 3795 3 this this DT 34823 3795 4 especially especially RB 34823 3795 5 because because IN 34823 3795 6 highly highly RB 34823 3795 7 important important JJ 34823 3795 8 facts fact NNS 34823 3795 9 for for IN 34823 3795 10 our -PRON- PRP$ 34823 3795 11 construction construction NN 34823 3795 12 argument argument NN 34823 3795 13 emerge emerge NN 34823 3795 14 from from IN 34823 3795 15 this this DT 34823 3795 16 critical critical JJ 34823 3795 17 examination examination NN 34823 3795 18 . . . 34823 3796 1 Kemmerer Kemmerer NNP 34823 3796 2 's 's POS 34823 3796 3 and and CC 34823 3796 4 Fisher Fisher NNP 34823 3796 5 's 's POS 34823 3796 6 studies study NNS 34823 3796 7 reach reach VBP 34823 3796 8 high high JJ 34823 3796 9 - - HYPH 34823 3796 10 water water NN 34823 3796 11 mark mark NN 34823 3796 12 in in IN 34823 3796 13 the the DT 34823 3796 14 effort effort NN 34823 3796 15 to to TO 34823 3796 16 give give VB 34823 3796 17 statistical statistical JJ 34823 3796 18 demonstrations demonstration NNS 34823 3796 19 of of IN 34823 3796 20 the the DT 34823 3796 21 quantity quantity NN 34823 3796 22 theory theory NN 34823 3796 23 . . . 34823 3797 1 If if IN 34823 3797 2 they -PRON- PRP 34823 3797 3 are be VBP 34823 3797 4 invalid invalid JJ 34823 3797 5 , , , 34823 3797 6 then then RB 34823 3797 7 I -PRON- PRP 34823 3797 8 know know VBP 34823 3797 9 no no DT 34823 3797 10 other other JJ 34823 3797 11 attempts attempt NNS 34823 3797 12 which which WDT 34823 3797 13 many many JJ 34823 3797 14 students student NNS 34823 3797 15 would would MD 34823 3797 16 suppose suppose VB 34823 3797 17 to to TO 34823 3797 18 be be VB 34823 3797 19 possible possible JJ 34823 3797 20 substitutes substitute NNS 34823 3797 21 . . . 34823 3798 1 The the DT 34823 3798 2 theory theory NN 34823 3798 3 involved involve VBN 34823 3798 4 in in IN 34823 3798 5 both both PDT 34823 3798 6 these these DT 34823 3798 7 studies study NNS 34823 3798 8 is be VBZ 34823 3798 9 clearly clearly RB 34823 3798 10 stated state VBN 34823 3798 11 by by IN 34823 3798 12 Professor Professor NNP 34823 3798 13 Kemmerer Kemmerer NNP 34823 3798 14 : : : 34823 3798 15 " " `` 34823 3798 16 A a DT 34823 3798 17 study study NN 34823 3798 18 of of IN 34823 3798 19 this this DT 34823 3798 20 kind kind NN 34823 3798 21 , , , 34823 3798 22 to to TO 34823 3798 23 be be VB 34823 3798 24 of of IN 34823 3798 25 any any DT 34823 3798 26 value value NN 34823 3798 27 , , , 34823 3798 28 must must MD 34823 3798 29 cover cover VB 34823 3798 30 the the DT 34823 3798 31 monetary monetary JJ 34823 3798 32 demand demand NN 34823 3798 33 as as RB 34823 3798 34 well well RB 34823 3798 35 as as IN 34823 3798 36 the the DT 34823 3798 37 monetary monetary JJ 34823 3798 38 supply supply NN 34823 3798 39 . . . 34823 3799 1 Any any DT 34823 3799 2 test test NN 34823 3799 3 of of IN 34823 3799 4 the the DT 34823 3799 5 validity validity NN 34823 3799 6 of of IN 34823 3799 7 the the DT 34823 3799 8 quantity quantity NN 34823 3799 9 theory theory NN 34823 3799 10 consisting consist VBG 34823 3799 11 merely merely RB 34823 3799 12 of of IN 34823 3799 13 a a DT 34823 3799 14 comparison comparison NN 34823 3799 15 of of IN 34823 3799 16 the the DT 34823 3799 17 amount amount NN 34823 3799 18 of of IN 34823 3799 19 money money NN 34823 3799 20 in in IN 34823 3799 21 circulation circulation NN 34823 3799 22 with with IN 34823 3799 23 the the DT 34823 3799 24 general general JJ 34823 3799 25 price price NN 34823 3799 26 - - HYPH 34823 3799 27 level level NN 34823 3799 28 is be VBZ 34823 3799 29 as as RB 34823 3799 30 worthless worthless JJ 34823 3799 31 as as IN 34823 3799 32 would would MD 34823 3799 33 be be VB 34823 3799 34 a a DT 34823 3799 35 test test NN 34823 3799 36 of of IN 34823 3799 37 the the DT 34823 3799 38 power power NN 34823 3799 39 of of IN 34823 3799 40 a a DT 34823 3799 41 locomotive locomotive JJ 34823 3799 42 by by IN 34823 3799 43 a a DT 34823 3799 44 simple simple JJ 34823 3799 45 reference reference NN 34823 3799 46 to to IN 34823 3799 47 its -PRON- PRP$ 34823 3799 48 speed speed NN 34823 3799 49 without without IN 34823 3799 50 taking take VBG 34823 3799 51 into into IN 34823 3799 52 account account NN 34823 3799 53 the the DT 34823 3799 54 load load NN 34823 3799 55 it -PRON- PRP 34823 3799 56 was be VBD 34823 3799 57 carrying carry VBG 34823 3799 58 or or CC 34823 3799 59 the the DT 34823 3799 60 grade grade NN 34823 3799 61 it -PRON- PRP 34823 3799 62 was be VBD 34823 3799 63 moving move VBG 34823 3799 64 over over RP 34823 3799 65 . . . 34823 3799 66 " " '' 34823 3800 1 This this DT 34823 3800 2 criticism criticism NN 34823 3800 3 of of IN 34823 3800 4 many many JJ 34823 3800 5 previous previous JJ 34823 3800 6 studies study NNS 34823 3800 7 is be VBZ 34823 3800 8 , , , 34823 3800 9 in in IN 34823 3800 10 general general JJ 34823 3800 11 , , , 34823 3800 12 I -PRON- PRP 34823 3800 13 think think VBP 34823 3800 14 , , , 34823 3800 15 valid valid JJ 34823 3800 16 , , , 34823 3800 17 though though IN 34823 3800 18 I -PRON- PRP 34823 3800 19 should should MD 34823 3800 20 except except IN 34823 3800 21 from from IN 34823 3800 22 this this DT 34823 3800 23 list list NN 34823 3800 24 such such JJ 34823 3800 25 detailed detailed JJ 34823 3800 26 studies study NNS 34823 3800 27 as as IN 34823 3800 28 that that DT 34823 3800 29 of of IN 34823 3800 30 W. W. NNP 34823 3800 31 C. C. NNP 34823 3800 32 Mitchell Mitchell NNP 34823 3800 33 , , , 34823 3800 34 who who WP 34823 3800 35 takes take VBZ 34823 3800 36 account account NN 34823 3800 37 , , , 34823 3800 38 as as RB 34823 3800 39 far far RB 34823 3800 40 as as IN 34823 3800 41 may may MD 34823 3800 42 be be VB 34823 3800 43 , , , 34823 3800 44 of of IN 34823 3800 45 all all PDT 34823 3800 46 the the DT 34823 3800 47 variables variable NNS 34823 3800 48 involved involve VBN 34823 3800 49 , , , 34823 3800 50 and and CC 34823 3800 51 who who WP 34823 3800 52 considers consider VBZ 34823 3800 53 day day NN 34823 3800 54 by by IN 34823 3800 55 day day NN 34823 3800 56 and and CC 34823 3800 57 week week NN 34823 3800 58 by by IN 34823 3800 59 week week NN 34823 3800 60 changes change NNS 34823 3800 61 . . . 34823 3801 1 I -PRON- PRP 34823 3801 2 think think VBP 34823 3801 3 the the DT 34823 3801 4 older old JJR 34823 3801 5 studies study NNS 34823 3801 6 of of IN 34823 3801 7 Tooke,[376 Tooke,[376 NNP 34823 3801 8 ] ] -RRB- 34823 3801 9 may may MD 34823 3801 10 also also RB 34823 3801 11 be be VB 34823 3801 12 excepted except VBN 34823 3801 13 . . . 34823 3802 1 In in IN 34823 3802 2 point point NN 34823 3802 3 of of IN 34823 3802 4 fact fact NN 34823 3802 5 , , , 34823 3802 6 if if IN 34823 3802 7 one one CD 34823 3802 8 wishes wish VBZ 34823 3802 9 to to TO 34823 3802 10 know know VB 34823 3802 11 how how WRB 34823 3802 12 much much JJ 34823 3802 13 reliance reliance NN 34823 3802 14 may may MD 34823 3802 15 be be VB 34823 3802 16 placed place VBN 34823 3802 17 in in IN 34823 3802 18 the the DT 34823 3802 19 quantity quantity NN 34823 3802 20 theory theory NN 34823 3802 21 as as IN 34823 3802 22 a a DT 34823 3802 23 basis basis NN 34823 3802 24 for for IN 34823 3802 25 prediction prediction NN 34823 3802 26 , , , 34823 3802 27 when when WRB 34823 3802 28 one one PRP 34823 3802 29 knows know VBZ 34823 3802 30 that that DT 34823 3802 31 money money NN 34823 3802 32 is be VBZ 34823 3802 33 increasing increase VBG 34823 3802 34 , , , 34823 3802 35 the the DT 34823 3802 36 simple simple JJ 34823 3802 37 comparison comparison NN 34823 3802 38 of of IN 34823 3802 39 money money NN 34823 3802 40 and and CC 34823 3802 41 prices price NNS 34823 3802 42 is be VBZ 34823 3802 43 a a DT 34823 3802 44 fair fair JJ 34823 3802 45 test test NN 34823 3802 46 . . . 34823 3803 1 If if IN 34823 3803 2 the the DT 34823 3803 3 " " `` 34823 3803 4 other other JJ 34823 3803 5 things thing NNS 34823 3803 6 " " '' 34823 3803 7 which which WDT 34823 3803 8 must must MD 34823 3803 9 be be VB 34823 3803 10 " " `` 34823 3803 11 equal equal JJ 34823 3803 12 " " '' 34823 3803 13 are be VBP 34823 3803 14 so so RB 34823 3803 15 numerous numerous JJ 34823 3803 16 and and CC 34823 3803 17 complex complex JJ 34823 3803 18 that that IN 34823 3803 19 the the DT 34823 3803 20 quantity quantity NN 34823 3803 21 theory theory NN 34823 3803 22 can can MD 34823 3803 23 not not RB 34823 3803 24 manifest manifest VB 34823 3803 25 itself -PRON- PRP 34823 3803 26 in in IN 34823 3803 27 a a DT 34823 3803 28 direct direct JJ 34823 3803 29 comparison comparison NN 34823 3803 30 , , , 34823 3803 31 much much JJ 34823 3803 32 of of IN 34823 3803 33 its -PRON- PRP$ 34823 3803 34 significance significance NN 34823 3803 35 _ _ NNP 34823 3803 36 as as IN 34823 3803 37 a a DT 34823 3803 38 basis basis NN 34823 3803 39 of of IN 34823 3803 40 prediction prediction NN 34823 3803 41 _ _ NNP 34823 3803 42 is be VBZ 34823 3803 43 gone go VBN 34823 3803 44 . . . 34823 3804 1 It -PRON- PRP 34823 3804 2 is be VBZ 34823 3804 3 perfectly perfectly RB 34823 3804 4 true true JJ 34823 3804 5 , , , 34823 3804 6 however however RB 34823 3804 7 , , , 34823 3804 8 that that IN 34823 3804 9 studies study NNS 34823 3804 10 running run VBG 34823 3804 11 through through IN 34823 3804 12 long long JJ 34823 3804 13 periods period NNS 34823 3804 14 , , , 34823 3804 15 which which WDT 34823 3804 16 give give VBP 34823 3804 17 simply simply RB 34823 3804 18 figures figure NNS 34823 3804 19 for for IN 34823 3804 20 general general JJ 34823 3804 21 prices price NNS 34823 3804 22 and and CC 34823 3804 23 figures figure NNS 34823 3804 24 for for IN 34823 3804 25 quantity quantity NN 34823 3804 26 of of IN 34823 3804 27 money money NN 34823 3804 28 , , , 34823 3804 29 omitting omit VBG 34823 3804 30 volume volume NN 34823 3804 31 of of IN 34823 3804 32 trade trade NN 34823 3804 33 , , , 34823 3804 34 are be VBP 34823 3804 35 not not RB 34823 3804 36 very very RB 34823 3804 37 relevant relevant JJ 34823 3804 38 either either CC 34823 3804 39 for for IN 34823 3804 40 proof proof NN 34823 3804 41 or or CC 34823 3804 42 disproof disproof NN 34823 3804 43 . . . 34823 3805 1 [ [ -LRB- 34823 3805 2 377 377 CD 34823 3805 3 ] ] -RRB- 34823 3805 4 And and CC 34823 3805 5 the the DT 34823 3805 6 conception conception NN 34823 3805 7 underlying underlie VBG 34823 3805 8 the the DT 34823 3805 9 studies study NNS 34823 3805 10 of of IN 34823 3805 11 Kemmerer Kemmerer NNP 34823 3805 12 and and CC 34823 3805 13 Fisher Fisher NNP 34823 3805 14 , , , 34823 3805 15 that that IN 34823 3805 16 not not RB 34823 3805 17 merely merely RB 34823 3805 18 money money NN 34823 3805 19 and and CC 34823 3805 20 prices price NNS 34823 3805 21 , , , 34823 3805 22 but but CC 34823 3805 23 also also RB 34823 3805 24 volume volume NN 34823 3805 25 of of IN 34823 3805 26 bank bank NN 34823 3805 27 - - HYPH 34823 3805 28 credit credit NN 34823 3805 29 , , , 34823 3805 30 volume volume NN 34823 3805 31 of of IN 34823 3805 32 trade trade NN 34823 3805 33 , , , 34823 3805 34 velocity velocity NN 34823 3805 35 of of IN 34823 3805 36 monetary monetary JJ 34823 3805 37 circulation circulation NN 34823 3805 38 , , , 34823 3805 39 and and CC 34823 3805 40 velocity velocity NN 34823 3805 41 of of IN 34823 3805 42 bank bank NN 34823 3805 43 - - HYPH 34823 3805 44 credit credit NN 34823 3805 45 , , , 34823 3805 46 must must MD 34823 3805 47 be be VB 34823 3805 48 measured measure VBN 34823 3805 49 , , , 34823 3805 50 undoubtedly undoubtedly RB 34823 3805 51 represents represent VBZ 34823 3805 52 a a DT 34823 3805 53 big big JJ 34823 3805 54 advance advance NN 34823 3805 55 in in IN 34823 3805 56 the the DT 34823 3805 57 conception conception NN 34823 3805 58 of of IN 34823 3805 59 the the DT 34823 3805 60 statistical statistical JJ 34823 3805 61 problem problem NN 34823 3805 62 involved involve VBN 34823 3805 63 . . . 34823 3806 1 The the DT 34823 3806 2 mere mere JJ 34823 3806 3 stating stating NN 34823 3806 4 of of IN 34823 3806 5 the the DT 34823 3806 6 problem problem NN 34823 3806 7 is be VBZ 34823 3806 8 an an DT 34823 3806 9 intellectual intellectual JJ 34823 3806 10 achievement achievement NN 34823 3806 11 of of IN 34823 3806 12 no no DT 34823 3806 13 mean mean JJ 34823 3806 14 order order NN 34823 3806 15 , , , 34823 3806 16 and and CC 34823 3806 17 the the DT 34823 3806 18 ingenuity ingenuity NN 34823 3806 19 and and CC 34823 3806 20 scholarship scholarship NN 34823 3806 21 involved involve VBN 34823 3806 22 in in IN 34823 3806 23 seeking seek VBG 34823 3806 24 data datum NNS 34823 3806 25 for for IN 34823 3806 26 concrete concrete JJ 34823 3806 27 measurement measurement NN 34823 3806 28 of of IN 34823 3806 29 these these DT 34823 3806 30 highly highly RB 34823 3806 31 elusive elusive JJ 34823 3806 32 elements element NNS 34823 3806 33 must must MD 34823 3806 34 command command VB 34823 3806 35 the the DT 34823 3806 36 admiration admiration NN 34823 3806 37 of of IN 34823 3806 38 every every DT 34823 3806 39 student student NN 34823 3806 40 of of IN 34823 3806 41 monetary monetary JJ 34823 3806 42 problems problem NNS 34823 3806 43 . . . 34823 3807 1 Volume volume NN 34823 3807 2 of of IN 34823 3807 3 trade trade NN 34823 3807 4 , , , 34823 3807 5 velocity velocity NN 34823 3807 6 of of IN 34823 3807 7 money money NN 34823 3807 8 and and CC 34823 3807 9 velocity velocity NN 34823 3807 10 of of IN 34823 3807 11 bank bank NN 34823 3807 12 - - HYPH 34823 3807 13 credit credit NN 34823 3807 14 had have VBD 34823 3807 15 been be VBN 34823 3807 16 generally generally RB 34823 3807 17 supposed suppose VBN 34823 3807 18 , , , 34823 3807 19 until until IN 34823 3807 20 these these DT 34823 3807 21 studies study NNS 34823 3807 22 were be VBD 34823 3807 23 undertaken undertake VBN 34823 3807 24 , , , 34823 3807 25 to to TO 34823 3807 26 be be VB 34823 3807 27 beyond beyond IN 34823 3807 28 the the DT 34823 3807 29 reach reach NN 34823 3807 30 of of IN 34823 3807 31 the the DT 34823 3807 32 statistician statistician NN 34823 3807 33 . . . 34823 3808 1 There there EX 34823 3808 2 can can MD 34823 3808 3 be be VB 34823 3808 4 no no DT 34823 3808 5 doubt doubt NN 34823 3808 6 at at RB 34823 3808 7 all all RB 34823 3808 8 that that WDT 34823 3808 9 the the DT 34823 3808 10 efforts effort NNS 34823 3808 11 to to TO 34823 3808 12 measure measure VB 34823 3808 13 them -PRON- PRP 34823 3808 14 , , , 34823 3808 15 or or CC 34823 3808 16 to to TO 34823 3808 17 measure measure VB 34823 3808 18 variations variation NNS 34823 3808 19 in in IN 34823 3808 20 them -PRON- PRP 34823 3808 21 , , , 34823 3808 22 by by IN 34823 3808 23 Kemmerer Kemmerer NNP 34823 3808 24 and and CC 34823 3808 25 Fisher Fisher NNP 34823 3808 26 , , , 34823 3808 27 have have VBP 34823 3808 28 greatly greatly RB 34823 3808 29 advanced advance VBN 34823 3808 30 our -PRON- PRP$ 34823 3808 31 general general JJ 34823 3808 32 knowledge knowledge NN 34823 3808 33 of of IN 34823 3808 34 the the DT 34823 3808 35 phenomena phenomenon NNS 34823 3808 36 of of IN 34823 3808 37 money money NN 34823 3808 38 and and CC 34823 3808 39 credit credit NN 34823 3808 40 . . . 34823 3809 1 With with IN 34823 3809 2 great great JJ 34823 3809 3 admiration admiration NN 34823 3809 4 for for IN 34823 3809 5 the the DT 34823 3809 6 magnificence magnificence NN 34823 3809 7 of of IN 34823 3809 8 the the DT 34823 3809 9 problem problem NN 34823 3809 10 undertaken undertake VBN 34823 3809 11 , , , 34823 3809 12 and and CC 34823 3809 13 for for IN 34823 3809 14 the the DT 34823 3809 15 industry industry NN 34823 3809 16 , , , 34823 3809 17 ingenuity ingenuity NN 34823 3809 18 and and CC 34823 3809 19 scholarship scholarship NN 34823 3809 20 which which WDT 34823 3809 21 have have VBP 34823 3809 22 been be VBN 34823 3809 23 devoted devote VBN 34823 3809 24 to to IN 34823 3809 25 its -PRON- PRP$ 34823 3809 26 solution solution NN 34823 3809 27 , , , 34823 3809 28 I -PRON- PRP 34823 3809 29 have have VBP 34823 3809 30 nevertheless nevertheless RB 34823 3809 31 reached reach VBN 34823 3809 32 the the DT 34823 3809 33 conclusion conclusion NN 34823 3809 34 that that IN 34823 3809 35 the the DT 34823 3809 36 figures figure NNS 34823 3809 37 assigned assign VBN 34823 3809 38 by by IN 34823 3809 39 these these DT 34823 3809 40 writers writer NNS 34823 3809 41 to to IN 34823 3809 42 the the DT 34823 3809 43 magnitudes magnitude NNS 34823 3809 44 of of IN 34823 3809 45 their -PRON- PRP$ 34823 3809 46 " " `` 34823 3809 47 equations equation NNS 34823 3809 48 of of IN 34823 3809 49 exchange exchange NN 34823 3809 50 " " '' 34823 3809 51 are be VBP 34823 3809 52 , , , 34823 3809 53 with with IN 34823 3809 54 the the DT 34823 3809 55 exceptions exception NNS 34823 3809 56 of of IN 34823 3809 57 the the DT 34823 3809 58 figures figure NNS 34823 3809 59 for for IN 34823 3809 60 money money NN 34823 3809 61 and and CC 34823 3809 62 deposits deposit NNS 34823 3809 63 , , , 34823 3809 64 widely widely RB 34823 3809 65 at at IN 34823 3809 66 variance variance NN 34823 3809 67 from from IN 34823 3809 68 the the DT 34823 3809 69 real real JJ 34823 3809 70 facts fact NNS 34823 3809 71 in in IN 34823 3809 72 the the DT 34823 3809 73 case case NN 34823 3809 74 , , , 34823 3809 75 and and CC 34823 3809 76 second second RB 34823 3809 77 , , , 34823 3809 78 that that IN 34823 3809 79 if if IN 34823 3809 80 they -PRON- PRP 34823 3809 81 were be VBD 34823 3809 82 correct correct JJ 34823 3809 83 , , , 34823 3809 84 they -PRON- PRP 34823 3809 85 could could MD 34823 3809 86 in in IN 34823 3809 87 no no DT 34823 3809 88 sense sense NN 34823 3809 89 be be VB 34823 3809 90 said say VBN 34823 3809 91 to to TO 34823 3809 92 constitute constitute VB 34823 3809 93 proof proof NN 34823 3809 94 of of IN 34823 3809 95 the the DT 34823 3809 96 quantity quantity NN 34823 3809 97 theory theory NN 34823 3809 98 . . . 34823 3810 1 In in IN 34823 3810 2 the the DT 34823 3810 3 critical critical JJ 34823 3810 4 analysis analysis NN 34823 3810 5 which which WDT 34823 3810 6 follows follow VBZ 34823 3810 7 , , , 34823 3810 8 chief chief JJ 34823 3810 9 attention attention NN 34823 3810 10 will will MD 34823 3810 11 be be VB 34823 3810 12 devoted devoted JJ 34823 3810 13 to to IN 34823 3810 14 Fisher Fisher NNP 34823 3810 15 's 's POS 34823 3810 16 statistics statistic NNS 34823 3810 17 . . . 34823 3811 1 His -PRON- PRP$ 34823 3811 2 is be VBZ 34823 3811 3 the the DT 34823 3811 4 later later JJ 34823 3811 5 study study NN 34823 3811 6 , , , 34823 3811 7 and and CC 34823 3811 8 it -PRON- PRP 34823 3811 9 follows follow VBZ 34823 3811 10 , , , 34823 3811 11 in in IN 34823 3811 12 main main JJ 34823 3811 13 outlines outline NNS 34823 3811 14 , , , 34823 3811 15 the the DT 34823 3811 16 methods method NNS 34823 3811 17 laid lay VBN 34823 3811 18 down down RP 34823 3811 19 by by IN 34823 3811 20 Kemmerer Kemmerer NNP 34823 3811 21 . . . 34823 3812 1 He -PRON- PRP 34823 3812 2 has have VBZ 34823 3812 3 employed employ VBN 34823 3812 4 Kemmerer Kemmerer NNP 34823 3812 5 's 's POS 34823 3812 6 statistics statistic NNS 34823 3812 7 in in IN 34823 3812 8 considerable considerable JJ 34823 3812 9 part part NN 34823 3812 10 , , , 34823 3812 11 amplifying amplify VBG 34823 3812 12 them -PRON- PRP 34823 3812 13 for for IN 34823 3812 14 later later JJ 34823 3812 15 years year NNS 34823 3812 16 , , , 34823 3812 17 using use VBG 34823 3812 18 some some DT 34823 3812 19 data datum NNS 34823 3812 20 not not RB 34823 3812 21 available available JJ 34823 3812 22 when when WRB 34823 3812 23 Kemmerer Kemmerer NNP 34823 3812 24 wrote write VBD 34823 3812 25 , , , 34823 3812 26 and and CC 34823 3812 27 undertaking undertake VBG 34823 3812 28 a a DT 34823 3812 29 fuller full JJR 34823 3812 30 solution solution NN 34823 3812 31 of of IN 34823 3812 32 certain certain JJ 34823 3812 33 problems problem NNS 34823 3812 34 than than IN 34823 3812 35 Kemmerer Kemmerer NNP 34823 3812 36 did do VBD 34823 3812 37 . . . 34823 3813 1 I -PRON- PRP 34823 3813 2 shall shall MD 34823 3813 3 , , , 34823 3813 4 however however RB 34823 3813 5 , , , 34823 3813 6 from from IN 34823 3813 7 time time NN 34823 3813 8 to to IN 34823 3813 9 time time NN 34823 3813 10 make make VB 34823 3813 11 reference reference NN 34823 3813 12 to to IN 34823 3813 13 Kemmerer Kemmerer NNP 34823 3813 14 's 's POS 34823 3813 15 figures figure NNS 34823 3813 16 , , , 34823 3813 17 and and CC 34823 3813 18 show show VBP 34823 3813 19 points point NNS 34823 3813 20 of of IN 34823 3813 21 difference difference NN 34823 3813 22 between between IN 34823 3813 23 the the DT 34823 3813 24 two two CD 34823 3813 25 studies study NNS 34823 3813 26 . . . 34823 3814 1 Let let VB 34823 3814 2 me -PRON- PRP 34823 3814 3 first first RB 34823 3814 4 briefly briefly RB 34823 3814 5 state state VB 34823 3814 6 the the DT 34823 3814 7 second second JJ 34823 3814 8 point point NN 34823 3814 9 of of IN 34823 3814 10 my -PRON- PRP$ 34823 3814 11 criticism criticism NN 34823 3814 12 of of IN 34823 3814 13 these these DT 34823 3814 14 studies study NNS 34823 3814 15 : : : 34823 3814 16 namely namely RB 34823 3814 17 , , , 34823 3814 18 that that IN 34823 3814 19 even even RB 34823 3814 20 if if IN 34823 3814 21 the the DT 34823 3814 22 statistics statistic NNS 34823 3814 23 are be VBP 34823 3814 24 correct correct JJ 34823 3814 25 , , , 34823 3814 26 they -PRON- PRP 34823 3814 27 do do VBP 34823 3814 28 not not RB 34823 3814 29 constitute constitute VB 34823 3814 30 proof proof NN 34823 3814 31 of of IN 34823 3814 32 the the DT 34823 3814 33 quantity quantity NN 34823 3814 34 theory theory NN 34823 3814 35 . . . 34823 3815 1 The the DT 34823 3815 2 statistics statistic NNS 34823 3815 3 purport purport VBP 34823 3815 4 to to TO 34823 3815 5 be be VB 34823 3815 6 concrete concrete JJ 34823 3815 7 data datum NNS 34823 3815 8 filling fill VBG 34823 3815 9 out out RP 34823 3815 10 for for IN 34823 3815 11 different different JJ 34823 3815 12 years year NNS 34823 3815 13 the the DT 34823 3815 14 equation equation NN 34823 3815 15 of of IN 34823 3815 16 exchange exchange NN 34823 3815 17 . . . 34823 3816 1 [ [ -LRB- 34823 3816 2 378 378 CD 34823 3816 3 ] ] -RRB- 34823 3816 4 But but CC 34823 3816 5 the the DT 34823 3816 6 equation equation NN 34823 3816 7 of of IN 34823 3816 8 exchange exchange NN 34823 3816 9 , , , 34823 3816 10 as as IN 34823 3816 11 we -PRON- PRP 34823 3816 12 have have VBP 34823 3816 13 seen see VBN 34823 3816 14 , , , 34823 3816 15 does do VBZ 34823 3816 16 not not RB 34823 3816 17 prove prove VB 34823 3816 18 the the DT 34823 3816 19 quantity quantity NN 34823 3816 20 theory theory NN 34823 3816 21 . . . 34823 3817 1 The the DT 34823 3817 2 quantity quantity NN 34823 3817 3 theory theory NN 34823 3817 4 is be VBZ 34823 3817 5 a a DT 34823 3817 6 _ _ NNP 34823 3817 7 causal causal NN 34823 3817 8 _ _ NNP 34823 3817 9 theory theory NN 34823 3817 10 , , , 34823 3817 11 and and CC 34823 3817 12 causation causation NN 34823 3817 13 involves involve VBZ 34823 3817 14 an an DT 34823 3817 15 order order NN 34823 3817 16 _ _ NNP 34823 3817 17 in in IN 34823 3817 18 time time NN 34823 3817 19 _ _ NNP 34823 3817 20 . . . 34823 3818 1 The the DT 34823 3818 2 concrete concrete JJ 34823 3818 3 figures figure NNS 34823 3818 4 for for IN 34823 3818 5 the the DT 34823 3818 6 equation equation NN 34823 3818 7 do do VBP 34823 3818 8 not not RB 34823 3818 9 prove prove VB 34823 3818 10 that that DT 34823 3818 11 . . . 34823 3819 1 Even even RB 34823 3819 2 Kemmerer Kemmerer NNP 34823 3819 3 's 's POS 34823 3819 4 concluding concluding NN 34823 3819 5 chart chart NN 34823 3819 6 on on IN 34823 3819 7 p. p. NN 34823 3819 8 148 148 CD 34823 3819 9 , , , 34823 3819 10 showing show VBG 34823 3819 11 a a DT 34823 3819 12 rough rough JJ 34823 3819 13 concomitance concomitance NN 34823 3819 14 between between IN 34823 3819 15 " " `` 34823 3819 16 relative relative JJ 34823 3819 17 circulation circulation NN 34823 3819 18 " " '' 34823 3819 19 and and CC 34823 3819 20 general general JJ 34823 3819 21 prices price NNS 34823 3819 22 does do VBZ 34823 3819 23 not not RB 34823 3819 24 show show VB 34823 3819 25 that that IN 34823 3819 26 changes change NNS 34823 3819 27 in in IN 34823 3819 28 relative relative JJ 34823 3819 29 circulation circulation NN 34823 3819 30 are be VBP 34823 3819 31 _ _ NNP 34823 3819 32 causes cause VBZ 34823 3819 33 _ _ NNP 34823 3819 34 of of IN 34823 3819 35 changes change NNS 34823 3819 36 in in IN 34823 3819 37 general general JJ 34823 3819 38 prices price NNS 34823 3819 39 . . . 34823 3820 1 The the DT 34823 3820 2 causation causation NN 34823 3820 3 might may MD 34823 3820 4 be be VB 34823 3820 5 the the DT 34823 3820 6 reverse reverse NN 34823 3820 7 for for IN 34823 3820 8 anything anything NN 34823 3820 9 his -PRON- PRP$ 34823 3820 10 figures figure NNS 34823 3820 11 tell tell VBP 34823 3820 12 us -PRON- PRP 34823 3820 13 . . . 34823 3821 1 Fisher Fisher NNP 34823 3821 2 himself -PRON- PRP 34823 3821 3 recognizes recognize VBZ 34823 3821 4 this this DT 34823 3821 5 , , , 34823 3821 6 in in IN 34823 3821 7 considerable considerable JJ 34823 3821 8 degree degree NN 34823 3821 9 : : : 34823 3821 10 " " `` 34823 3821 11 As as IN 34823 3821 12 previously previously RB 34823 3821 13 remarked remark VBN 34823 3821 14 , , , 34823 3821 15 to to TO 34823 3821 16 establish establish VB 34823 3821 17 the the DT 34823 3821 18 equation equation NN 34823 3821 19 of of IN 34823 3821 20 exchange exchange NN 34823 3821 21 is be VBZ 34823 3821 22 not not RB 34823 3821 23 completely completely RB 34823 3821 24 to to TO 34823 3821 25 establish establish VB 34823 3821 26 the the DT 34823 3821 27 quantity quantity NN 34823 3821 28 theory theory NN 34823 3821 29 of of IN 34823 3821 30 money money NN 34823 3821 31 , , , 34823 3821 32 for for IN 34823 3821 33 the the DT 34823 3821 34 equation equation NN 34823 3821 35 does do VBZ 34823 3821 36 not not RB 34823 3821 37 reveal reveal VB 34823 3821 38 which which WDT 34823 3821 39 factors factor NNS 34823 3821 40 are be VBP 34823 3821 41 causes cause NNS 34823 3821 42 and and CC 34823 3821 43 which which WDT 34823 3821 44 are be VBP 34823 3821 45 effects effect NNS 34823 3821 46 . . . 34823 3822 1 " " `` 34823 3822 2 [ [ -LRB- 34823 3822 3 379 379 CD 34823 3822 4 ] ] -RRB- 34823 3822 5 Again again RB 34823 3822 6 : : : 34823 3822 7 " " `` 34823 3822 8 But but CC 34823 3822 9 , , , 34823 3822 10 to to IN 34823 3822 11 a a DT 34823 3822 12 candid candid JJ 34823 3822 13 mind mind NN 34823 3822 14 , , , 34823 3822 15 the the DT 34823 3822 16 quantity quantity NN 34823 3822 17 theory theory NN 34823 3822 18 , , , 34823 3822 19 in in IN 34823 3822 20 the the DT 34823 3822 21 sense sense NN 34823 3822 22 in in IN 34823 3822 23 which which WDT 34823 3822 24 we -PRON- PRP 34823 3822 25 have have VBP 34823 3822 26 taken take VBN 34823 3822 27 it -PRON- PRP 34823 3822 28 , , , 34823 3822 29 ought ought MD 34823 3822 30 to to TO 34823 3822 31 appear appear VB 34823 3822 32 sufficiently sufficiently RB 34823 3822 33 secure secure JJ 34823 3822 34 without without IN 34823 3822 35 such such JJ 34823 3822 36 checking checking NN 34823 3822 37 . . . 34823 3823 1 Its -PRON- PRP$ 34823 3823 2 best good JJS 34823 3823 3 proof proof NN 34823 3823 4 must must MD 34823 3823 5 be be VB 34823 3823 6 _ _ NNP 34823 3823 7 a a DT 34823 3823 8 priori priori FW 34823 3823 9 _ _ NNP 34823 3823 10 . . . 34823 3824 1 " " `` 34823 3824 2 [ [ -LRB- 34823 3824 3 380 380 CD 34823 3824 4 ] ] -RRB- 34823 3824 5 The the DT 34823 3824 6 main main JJ 34823 3824 7 criticism criticism NN 34823 3824 8 here here RB 34823 3824 9 , , , 34823 3824 10 however however RB 34823 3824 11 , , , 34823 3824 12 relates relate VBZ 34823 3824 13 to to IN 34823 3824 14 the the DT 34823 3824 15 figures figure NNS 34823 3824 16 themselves -PRON- PRP 34823 3824 17 , , , 34823 3824 18 rather rather RB 34823 3824 19 than than IN 34823 3824 20 to to IN 34823 3824 21 their -PRON- PRP$ 34823 3824 22 meaning meaning NN 34823 3824 23 . . . 34823 3825 1 The the DT 34823 3825 2 figures figure NNS 34823 3825 3 given give VBN 34823 3825 4 by by IN 34823 3825 5 Professor Professor NNP 34823 3825 6 Fisher Fisher NNP 34823 3825 7 are be VBP 34823 3825 8 concrete concrete JJ 34823 3825 9 magnitudes magnitude NNS 34823 3825 10 to to TO 34823 3825 11 fill fill VB 34823 3825 12 out out RP 34823 3825 13 his -PRON- PRP$ 34823 3825 14 equation equation NN 34823 3825 15 of of IN 34823 3825 16 exchange exchange NN 34823 3825 17 , , , 34823 3825 18 MV MV NNP 34823 3825 19 + + CC 34823 3825 20 M´V m´v NN 34823 3825 21 ´ ´ CD 34823 3825 22 = = SYM 34823 3825 23 PT[381 pt[381 FW 34823 3825 24 ] ] -RRB- 34823 3825 25 for for IN 34823 3825 26 the the DT 34823 3825 27 years year NNS 34823 3825 28 since since IN 34823 3825 29 1896 1896 CD 34823 3825 30 . . . 34823 3826 1 Thus thus RB 34823 3826 2 , , , 34823 3826 3 for for IN 34823 3826 4 1909 1909 CD 34823 3826 5 , , , 34823 3826 6 the the DT 34823 3826 7 figures figure NNS 34823 3826 8 are be VBP 34823 3826 9 : : : 34823 3826 10 M m NN 34823 3826 11 = = SYM 34823 3826 12 1.61 1.61 CD 34823 3826 13 billions billion NNS 34823 3826 14 ; ; : 34823 3826 15 M M NNP 34823 3826 16 ´ ´ CD 34823 3826 17 = = SYM 34823 3826 18 6.68 6.68 CD 34823 3826 19 billions billion NNS 34823 3826 20 ; ; : 34823 3826 21 V v NN 34823 3826 22 = = SYM 34823 3826 23 21.1 21.1 CD 34823 3826 24 ; ; : 34823 3826 25 V V NNP 34823 3826 26 ´ ´ CD 34823 3826 27 = = SYM 34823 3826 28 52.8 52.8 CD 34823 3826 29 ; ; : 34823 3826 30 P p NN 34823 3826 31 = = SYM 34823 3826 32 $ $ $ 34823 3826 33 1 1 CD 34823 3826 34 ; ; : 34823 3826 35 T T NNP 34823 3826 36 = = SYM 34823 3826 37 387 387 CD 34823 3826 38 billions billion NNS 34823 3826 39 . . . 34823 3827 1 [ [ -LRB- 34823 3827 2 382 382 CD 34823 3827 3 ] ] -RRB- 34823 3827 4 Now now RB 34823 3827 5 in in IN 34823 3827 6 what what WP 34823 3827 7 follows follow VBZ 34823 3827 8 , , , 34823 3827 9 I -PRON- PRP 34823 3827 10 shall shall MD 34823 3827 11 challenge challenge VB 34823 3827 12 all all PDT 34823 3827 13 these these DT 34823 3827 14 estimates estimate NNS 34823 3827 15 except except IN 34823 3827 16 P p NN 34823 3827 17 for for IN 34823 3827 18 1909 1909 CD 34823 3827 19 , , , 34823 3827 20 V v NN 34823 3827 21 for for IN 34823 3827 22 1896 1896 CD 34823 3827 23 and and CC 34823 3827 24 1909 1909 CD 34823 3827 25 , , , 34823 3827 26 and and CC 34823 3827 27 M M NNP 34823 3827 28 and and CC 34823 3827 29 M M NNP 34823 3827 30 ´ ´ CD 34823 3827 31 for for IN 34823 3827 32 all all DT 34823 3827 33 years year NNS 34823 3827 34 . . . 34823 3828 1 The the DT 34823 3828 2 figures figure NNS 34823 3828 3 for for IN 34823 3828 4 M M NNP 34823 3828 5 and and CC 34823 3828 6 M M NNP 34823 3828 7 ´ ´ NNP 34823 3828 8 , , , 34823 3828 9 being be VBG 34823 3828 10 the the DT 34823 3828 11 results result NNS 34823 3828 12 of of IN 34823 3828 13 fairly fairly RB 34823 3828 14 simple simple JJ 34823 3828 15 computations computation NNS 34823 3828 16 based base VBN 34823 3828 17 on on IN 34823 3828 18 Governmental governmental JJ 34823 3828 19 statistics statistic NNS 34823 3828 20 , , , 34823 3828 21 need nee MD 34823 3828 22 not not RB 34823 3828 23 be be VB 34823 3828 24 questioned question VBN 34823 3828 25 . . . 34823 3829 1 P p NN 34823 3829 2 for for IN 34823 3829 3 1909 1909 CD 34823 3829 4 is be VBZ 34823 3829 5 arbitrarily arbitrarily RB 34823 3829 6 placed place VBN 34823 3829 7 at at IN 34823 3829 8 $ $ $ 34823 3829 9 1.00 1.00 CD 34823 3829 10 . . . 34823 3830 1 V v NN 34823 3830 2 for for IN 34823 3830 3 1896 1896 CD 34823 3830 4 and and CC 34823 3830 5 1909 1909 CD 34823 3830 6 , , , 34823 3830 7 for for IN 34823 3830 8 reasons reason NNS 34823 3830 9 which which WDT 34823 3830 10 will will MD 34823 3830 11 later later RB 34823 3830 12 appear appear VB 34823 3830 13 , , , 34823 3830 14 is be VBZ 34823 3830 15 better well RBR 34823 3830 16 based base VBN 34823 3830 17 than than IN 34823 3830 18 for for IN 34823 3830 19 other other JJ 34823 3830 20 years year NNS 34823 3830 21 , , , 34823 3830 22 though though IN 34823 3830 23 Kemmerer Kemmerer NNP 34823 3830 24 and and CC 34823 3830 25 Fisher Fisher NNP 34823 3830 26 have have VBP 34823 3830 27 differed differ VBN 34823 3830 28 greatly greatly RB 34823 3830 29 in in IN 34823 3830 30 their -PRON- PRP$ 34823 3830 31 estimates estimate NNS 34823 3830 32 for for IN 34823 3830 33 V v NN 34823 3830 34 , , , 34823 3830 35 the the DT 34823 3830 36 former former JJ 34823 3830 37 placing place VBG 34823 3830 38 it -PRON- PRP 34823 3830 39 at at IN 34823 3830 40 47 47 CD 34823 3830 41 and and CC 34823 3830 42 the the DT 34823 3830 43 latter latter JJ 34823 3830 44 at at IN 34823 3830 45 18 18 CD 34823 3830 46 or or CC 34823 3830 47 20 20 CD 34823 3830 48 . . . 34823 3831 1 [ [ -LRB- 34823 3831 2 383 383 CD 34823 3831 3 ] ] -RRB- 34823 3831 4 My -PRON- PRP$ 34823 3831 5 criticisms criticism NNS 34823 3831 6 with with IN 34823 3831 7 reference reference NN 34823 3831 8 to to IN 34823 3831 9 V v NN 34823 3831 10 , , , 34823 3831 11 however however RB 34823 3831 12 , , , 34823 3831 13 will will MD 34823 3831 14 relate relate VB 34823 3831 15 to to IN 34823 3831 16 the the DT 34823 3831 17 years year NNS 34823 3831 18 other other JJ 34823 3831 19 than than IN 34823 3831 20 1909 1909 CD 34823 3831 21 and and CC 34823 3831 22 1896 1896 CD 34823 3831 23 . . . 34823 3832 1 The the DT 34823 3832 2 sources source NNS 34823 3832 3 from from IN 34823 3832 4 which which WDT 34823 3832 5 these these DT 34823 3832 6 absolute absolute JJ 34823 3832 7 magnitudes magnitude NNS 34823 3832 8 are be VBP 34823 3832 9 drawn draw VBN 34823 3832 10 are be VBP 34823 3832 11 , , , 34823 3832 12 primarily primarily RB 34823 3832 13 , , , 34823 3832 14 two two CD 34823 3832 15 investigations investigation NNS 34823 3832 16 by by IN 34823 3832 17 Dean Dean NNP 34823 3832 18 David David NNP 34823 3832 19 Kinley Kinley NNP 34823 3832 20 , , , 34823 3832 21 one one CD 34823 3832 22 in in IN 34823 3832 23 1896 1896 CD 34823 3832 24 and and CC 34823 3832 25 the the DT 34823 3832 26 other other JJ 34823 3832 27 in in IN 34823 3832 28 1909 1909 CD 34823 3832 29 , , , 34823 3832 30 in in IN 34823 3832 31 coöperation coöperation NN 34823 3832 32 with with IN 34823 3832 33 the the DT 34823 3832 34 Comptroller Comptroller NNP 34823 3832 35 of of IN 34823 3832 36 the the DT 34823 3832 37 Currency Currency NNP 34823 3832 38 . . . 34823 3833 1 [ [ -LRB- 34823 3833 2 384 384 CD 34823 3833 3 ] ] -RRB- 34823 3833 4 The the DT 34823 3833 5 purpose purpose NN 34823 3833 6 of of IN 34823 3833 7 these these DT 34823 3833 8 investigations investigation NNS 34823 3833 9 was be VBD 34823 3833 10 to to TO 34823 3833 11 ascertain ascertain VB 34823 3833 12 the the DT 34823 3833 13 proportions proportion NNS 34823 3833 14 of of IN 34823 3833 15 checks check NNS 34823 3833 16 and and CC 34823 3833 17 money money NN 34823 3833 18 in in IN 34823 3833 19 payments payment NNS 34823 3833 20 in in IN 34823 3833 21 the the DT 34823 3833 22 United United NNP 34823 3833 23 States States NNP 34823 3833 24 . . . 34823 3834 1 Banks bank NNS 34823 3834 2 of of IN 34823 3834 3 all all DT 34823 3834 4 kinds kind NNS 34823 3834 5 , , , 34823 3834 6 national national JJ 34823 3834 7 and and CC 34823 3834 8 State State NNP 34823 3834 9 banks bank NNS 34823 3834 10 , , , 34823 3834 11 trust trust NN 34823 3834 12 companies company NNS 34823 3834 13 , , , 34823 3834 14 private private JJ 34823 3834 15 banks bank NNS 34823 3834 16 , , , 34823 3834 17 etc etc FW 34823 3834 18 . . . 34823 3834 19 , , , 34823 3834 20 were be VBD 34823 3834 21 requested request VBN 34823 3834 22 by by IN 34823 3834 23 the the DT 34823 3834 24 Comptroller Comptroller NNP 34823 3834 25 to to TO 34823 3834 26 supply supply VB 34823 3834 27 data datum NNS 34823 3834 28 for for IN 34823 3834 29 a a DT 34823 3834 30 given give VBN 34823 3834 31 day day NN 34823 3834 32 ( ( -LRB- 34823 3834 33 March March NNP 34823 3834 34 16 16 CD 34823 3834 35 in in IN 34823 3834 36 1909 1909 CD 34823 3834 37 ) ) -RRB- 34823 3834 38 showing show VBG 34823 3834 39 what what WP 34823 3834 40 their -PRON- PRP$ 34823 3834 41 customers customer NNS 34823 3834 42 deposited deposit VBN 34823 3834 43 on on IN 34823 3834 44 that that DT 34823 3834 45 day day NN 34823 3834 46 . . . 34823 3835 1 They -PRON- PRP 34823 3835 2 were be VBD 34823 3835 3 asked ask VBN 34823 3835 4 to to TO 34823 3835 5 classify classify VB 34823 3835 6 these these DT 34823 3835 7 deposits deposit NNS 34823 3835 8 as as IN 34823 3835 9 cash cash NN 34823 3835 10 , , , 34823 3835 11 on on IN 34823 3835 12 the the DT 34823 3835 13 one one CD 34823 3835 14 hand hand NN 34823 3835 15 , , , 34823 3835 16 and and CC 34823 3835 17 as as IN 34823 3835 18 checks check NNS 34823 3835 19 , , , 34823 3835 20 drafts draft NNS 34823 3835 21 , , , 34823 3835 22 etc etc FW 34823 3835 23 . . . 34823 3836 1 on on IN 34823 3836 2 the the DT 34823 3836 3 other other JJ 34823 3836 4 . . . 34823 3837 1 They -PRON- PRP 34823 3837 2 were be VBD 34823 3837 3 also also RB 34823 3837 4 asked ask VBN 34823 3837 5 to to TO 34823 3837 6 give give VB 34823 3837 7 a a DT 34823 3837 8 cross cross NN 34823 3837 9 classification classification NN 34823 3837 10 of of IN 34823 3837 11 the the DT 34823 3837 12 same same JJ 34823 3837 13 deposits deposit NNS 34823 3837 14 , , , 34823 3837 15 as as IN 34823 3837 16 " " `` 34823 3837 17 retail retail JJ 34823 3837 18 deposits deposit NNS 34823 3837 19 , , , 34823 3837 20 " " '' 34823 3837 21 " " `` 34823 3837 22 wholesale wholesale JJ 34823 3837 23 deposits deposit NNS 34823 3837 24 , , , 34823 3837 25 " " '' 34823 3837 26 and and CC 34823 3837 27 " " `` 34823 3837 28 all all DT 34823 3837 29 other other JJ 34823 3837 30 deposits deposit NNS 34823 3837 31 . . . 34823 3837 32 " " '' 34823 3838 1 In in IN 34823 3838 2 1909 1909 CD 34823 3838 3 , , , 34823 3838 4 over over IN 34823 3838 5 12,000 12,000 CD 34823 3838 6 banks bank NNS 34823 3838 7 of of IN 34823 3838 8 all all DT 34823 3838 9 kinds kind NNS 34823 3838 10 , , , 34823 3838 11 out out IN 34823 3838 12 of of IN 34823 3838 13 about about IN 34823 3838 14 25,000 25,000 CD 34823 3838 15 banks bank NNS 34823 3838 16 , , , 34823 3838 17 replied reply VBD 34823 3838 18 , , , 34823 3838 19 and and CC 34823 3838 20 of of IN 34823 3838 21 these these DT 34823 3838 22 replies reply NNS 34823 3838 23 11,492 11,492 CD 34823 3838 24 were be VBD 34823 3838 25 in in IN 34823 3838 26 available available JJ 34823 3838 27 form form NN 34823 3838 28 . . . 34823 3839 1 These these DT 34823 3839 2 replies reply NNS 34823 3839 3 showed show VBD 34823 3839 4 a a DT 34823 3839 5 total total NN 34823 3839 6 of of IN 34823 3839 7 deposits deposit NNS 34823 3839 8 of of IN 34823 3839 9 over over IN 34823 3839 10 688 688 CD 34823 3839 11 millions million NNS 34823 3839 12 of of IN 34823 3839 13 dollars dollar NNS 34823 3839 14 . . . 34823 3840 1 Of of IN 34823 3840 2 this this DT 34823 3840 3 total total NN 34823 3840 4 , , , 34823 3840 5 647 647 CD 34823 3840 6 millions million NNS 34823 3840 7 were be VBD 34823 3840 8 in in IN 34823 3840 9 checks check NNS 34823 3840 10 , , , 34823 3840 11 so so IN 34823 3840 12 that that IN 34823 3840 13 checks check NNS 34823 3840 14 made make VBD 34823 3840 15 up up RP 34823 3840 16 94.1 94.1 CD 34823 3840 17 % % NN 34823 3840 18 of of IN 34823 3840 19 the the DT 34823 3840 20 whole whole NN 34823 3840 21 . . . 34823 3841 1 About about RB 34823 3841 2 60 60 CD 34823 3841 3 millions million NNS 34823 3841 4 of of IN 34823 3841 5 this this DT 34823 3841 6 total total NN 34823 3841 7 were be VBD 34823 3841 8 retail retail JJ 34823 3841 9 deposits deposit NNS 34823 3841 10 , , , 34823 3841 11 about about IN 34823 3841 12 125 125 CD 34823 3841 13 millions million NNS 34823 3841 14 were be VBD 34823 3841 15 wholesale wholesale JJ 34823 3841 16 deposits deposit NNS 34823 3841 17 , , , 34823 3841 18 and and CC 34823 3841 19 the the DT 34823 3841 20 rest rest NN 34823 3841 21 , , , 34823 3841 22 about about RB 34823 3841 23 503 503 CD 34823 3841 24 millions million NNS 34823 3841 25 , , , 34823 3841 26 were be VBD 34823 3841 27 classed class VBN 34823 3841 28 in in IN 34823 3841 29 the the DT 34823 3841 30 " " `` 34823 3841 31 all all DT 34823 3841 32 other other JJ 34823 3841 33 " " '' 34823 3841 34 category category NN 34823 3841 35 . . . 34823 3842 1 Kinley Kinley NNP 34823 3842 2 's 's POS 34823 3842 3 use use NN 34823 3842 4 of of IN 34823 3842 5 these these DT 34823 3842 6 figures figure NNS 34823 3842 7 , , , 34823 3842 8 _ _ NNP 34823 3842 9 for for IN 34823 3842 10 his -PRON- PRP$ 34823 3842 11 purpose purpose NN 34823 3842 12 _ _ NNP 34823 3842 13 , , , 34823 3842 14 seems seem VBZ 34823 3842 15 to to IN 34823 3842 16 me -PRON- PRP 34823 3842 17 in in IN 34823 3842 18 every every DT 34823 3842 19 way way NN 34823 3842 20 conclusive conclusive JJ 34823 3842 21 and and CC 34823 3842 22 safe safe JJ 34823 3842 23 . . . 34823 3843 1 He -PRON- PRP 34823 3843 2 was be VBD 34823 3843 3 interested interested JJ 34823 3843 4 merely merely RB 34823 3843 5 in in IN 34823 3843 6 the the DT 34823 3843 7 question question NN 34823 3843 8 of of IN 34823 3843 9 the the DT 34823 3843 10 _ _ NNP 34823 3843 11 proportions proportion NNS 34823 3843 12 _ _ NNP 34823 3843 13 of of IN 34823 3843 14 checks check NNS 34823 3843 15 and and CC 34823 3843 16 money money NN 34823 3843 17 in in IN 34823 3843 18 _ _ NNP 34823 3843 19 payments payment NNS 34823 3843 20 _ _ NNP 34823 3843 21 , , , 34823 3843 22 retail retail JJ 34823 3843 23 , , , 34823 3843 24 wholesale wholesale JJ 34823 3843 25 , , , 34823 3843 26 and and CC 34823 3843 27 " " `` 34823 3843 28 _ _ NNP 34823 3843 29 all all DT 34823 3843 30 other other JJ 34823 3843 31 _ _ NNP 34823 3843 32 . . . 34823 3843 33 " " '' 34823 3844 1 The the DT 34823 3844 2 absolute absolute JJ 34823 3844 3 magnitudes magnitude NNS 34823 3844 4 of of IN 34823 3844 5 the the DT 34823 3844 6 elements element NNS 34823 3844 7 in in IN 34823 3844 8 the the DT 34823 3844 9 equation equation NN 34823 3844 10 of of IN 34823 3844 11 exchange exchange NNP 34823 3844 12 he -PRON- PRP 34823 3844 13 was be VBD 34823 3844 14 not not RB 34823 3844 15 trying try VBG 34823 3844 16 to to TO 34823 3844 17 measure measure VB 34823 3844 18 . . . 34823 3845 1 Professor Professor NNP 34823 3845 2 Fisher Fisher NNP 34823 3845 3 's 's POS 34823 3845 4 use use NN 34823 3845 5 of of IN 34823 3845 6 the the DT 34823 3845 7 figures figure NNS 34823 3845 8 presents present VBZ 34823 3845 9 a a DT 34823 3845 10 different different JJ 34823 3845 11 problem problem NN 34823 3845 12 . . . 34823 3846 1 [ [ -LRB- 34823 3846 2 385 385 CD 34823 3846 3 ] ] -RRB- 34823 3846 4 Let let VB 34823 3846 5 us -PRON- PRP 34823 3846 6 consider consider VB 34823 3846 7 , , , 34823 3846 8 first first RB 34823 3846 9 , , , 34823 3846 10 Professor Professor NNP 34823 3846 11 Fisher Fisher NNP 34823 3846 12 's 's POS 34823 3846 13 estimate estimate NN 34823 3846 14 of of IN 34823 3846 15 M´V M´V NNP 34823 3846 16 ´ ´ NNP 34823 3846 17 , , , 34823 3846 18 taken take VBN 34823 3846 19 together together RB 34823 3846 20 . . . 34823 3847 1 M´V M´V NNP 34823 3847 2 ´ ´ CD 34823 3847 3 is be VBZ 34823 3847 4 considered consider VBN 34823 3847 5 to to TO 34823 3847 6 be be VB 34823 3847 7 equal equal JJ 34823 3847 8 to to IN 34823 3847 9 the the DT 34823 3847 10 total total JJ 34823 3847 11 amount amount NN 34823 3847 12 ( ( -LRB- 34823 3847 13 in in IN 34823 3847 14 dollars dollar NNS 34823 3847 15 ) ) -RRB- 34823 3847 16 of of IN 34823 3847 17 checks check NNS 34823 3847 18 deposited deposit VBN 34823 3847 19 during during IN 34823 3847 20 the the DT 34823 3847 21 year year NN 34823 3847 22 . . . 34823 3848 1 [ [ -LRB- 34823 3848 2 386 386 CD 34823 3848 3 ] ] -RRB- 34823 3848 4 To to TO 34823 3848 5 get get VB 34823 3848 6 this this DT 34823 3848 7 , , , 34823 3848 8 for for IN 34823 3848 9 1909 1909 CD 34823 3848 10 , , , 34823 3848 11 Kinley Kinley NNP 34823 3848 12 's 's POS 34823 3848 13 figure figure NN 34823 3848 14 , , , 34823 3848 15 above above RB 34823 3848 16 , , , 34823 3848 17 for for IN 34823 3848 18 checks check NNS 34823 3848 19 deposited deposit VBN 34823 3848 20 in in IN 34823 3848 21 11,492 11,492 CD 34823 3848 22 banks bank NNS 34823 3848 23 on on IN 34823 3848 24 March March NNP 34823 3848 25 16 16 CD 34823 3848 26 , , , 34823 3848 27 1909 1909 CD 34823 3848 28 , , , 34823 3848 29 is be VBZ 34823 3848 30 used use VBN 34823 3848 31 . . . 34823 3849 1 This this DT 34823 3849 2 figure figure NN 34823 3849 3 is be VBZ 34823 3849 4 647 647 CD 34823 3849 5 millions million NNS 34823 3849 6 . . . 34823 3850 1 As as IN 34823 3850 2 half half PDT 34823 3850 3 the the DT 34823 3850 4 banks bank NNS 34823 3850 5 had have VBD 34823 3850 6 not not RB 34823 3850 7 reported report VBN 34823 3850 8 , , , 34823 3850 9 an an DT 34823 3850 10 estimate estimate NN 34823 3850 11 for for IN 34823 3850 12 the the DT 34823 3850 13 non non JJ 34823 3850 14 - - JJ 34823 3850 15 reporting reporting JJ 34823 3850 16 banks bank NNS 34823 3850 17 was be VBD 34823 3850 18 obtained obtain VBN 34823 3850 19 from from IN 34823 3850 20 Professor Professor NNP 34823 3850 21 Weston Weston NNP 34823 3850 22 , , , 34823 3850 23 who who WP 34823 3850 24 had have VBD 34823 3850 25 aided aid VBN 34823 3850 26 Dean Dean NNP 34823 3850 27 Kinley Kinley NNP 34823 3850 28 in in IN 34823 3850 29 the the DT 34823 3850 30 investigation investigation NN 34823 3850 31 , , , 34823 3850 32 and and CC 34823 3850 33 who who WP 34823 3850 34 had have VBD 34823 3850 35 access access NN 34823 3850 36 to to IN 34823 3850 37 the the DT 34823 3850 38 original original JJ 34823 3850 39 data datum NNS 34823 3850 40 . . . 34823 3851 1 Professor Professor NNP 34823 3851 2 Weston Weston NNP 34823 3851 3 estimated estimate VBD 34823 3851 4 the the DT 34823 3851 5 total total JJ 34823 3851 6 checks check NNS 34823 3851 7 deposited deposit VBN 34823 3851 8 during during IN 34823 3851 9 the the DT 34823 3851 10 day day NN 34823 3851 11 at at IN 34823 3851 12 1.02 1.02 CD 34823 3851 13 billions billion NNS 34823 3851 14 . . . 34823 3852 1 [ [ -LRB- 34823 3852 2 387 387 CD 34823 3852 3 ] ] -RRB- 34823 3852 4 The the DT 34823 3852 5 question question NN 34823 3852 6 then then RB 34823 3852 7 arose arise VBD 34823 3852 8 as as IN 34823 3852 9 to to IN 34823 3852 10 whether whether IN 34823 3852 11 this this DT 34823 3852 12 day day NN 34823 3852 13 was be VBD 34823 3852 14 typical typical JJ 34823 3852 15 for for IN 34823 3852 16 the the DT 34823 3852 17 year year NN 34823 3852 18 . . . 34823 3853 1 Professor Professor NNP 34823 3853 2 Fisher Fisher NNP 34823 3853 3 found find VBD 34823 3853 4 New New NNP 34823 3853 5 York York NNP 34823 3853 6 City City NNP 34823 3853 7 bank bank NN 34823 3853 8 clearings clearing NNS 34823 3853 9 of of IN 34823 3853 10 March March NNP 34823 3853 11 17 17 CD 34823 3853 12 ( ( -LRB- 34823 3853 13 the the DT 34823 3853 14 day day NN 34823 3853 15 after after RB 34823 3853 16 , , , 34823 3853 17 on on IN 34823 3853 18 which which WDT 34823 3853 19 these these DT 34823 3853 20 checks check NNS 34823 3853 21 would would MD 34823 3853 22 get get VB 34823 3853 23 into into IN 34823 3853 24 the the DT 34823 3853 25 clearings clearing NNS 34823 3853 26 ) ) -RRB- 34823 3853 27 to to TO 34823 3853 28 be be VB 34823 3853 29 28 28 CD 34823 3853 30 % % NN 34823 3853 31 below below IN 34823 3853 32 the the DT 34823 3853 33 average average NN 34823 3853 34 for for IN 34823 3853 35 the the DT 34823 3853 36 year year NN 34823 3853 37 . . . 34823 3854 1 He -PRON- PRP 34823 3854 2 assumed assume VBD 34823 3854 3 the the DT 34823 3854 4 rest rest NN 34823 3854 5 of of IN 34823 3854 6 the the DT 34823 3854 7 country country NN 34823 3854 8 to to TO 34823 3854 9 be be VB 34823 3854 10 half half RB 34823 3854 11 as as RB 34823 3854 12 abnormal abnormal JJ 34823 3854 13 as as IN 34823 3854 14 New New NNP 34823 3854 15 York York NNP 34823 3854 16 City City NNP 34823 3854 17 , , , 34823 3854 18 and and CC 34823 3854 19 increased increase VBD 34823 3854 20 the the DT 34823 3854 21 1.02 1.02 CD 34823 3854 22 billions billion NNS 34823 3854 23 to to IN 34823 3854 24 1.20 1.20 CD 34823 3854 25 billions billion NNS 34823 3854 26 , , , 34823 3854 27 getting get VBG 34823 3854 28 what what WP 34823 3854 29 he -PRON- PRP 34823 3854 30 conceived conceive VBD 34823 3854 31 to to TO 34823 3854 32 be be VB 34823 3854 33 the the DT 34823 3854 34 daily daily JJ 34823 3854 35 average average NN 34823 3854 36 of of IN 34823 3854 37 checks check NNS 34823 3854 38 deposited deposit VBN 34823 3854 39 in in IN 34823 3854 40 the the DT 34823 3854 41 United United NNP 34823 3854 42 States States NNP 34823 3854 43 in in IN 34823 3854 44 1909 1909 CD 34823 3854 45 . . . 34823 3855 1 Multiplying multiply VBG 34823 3855 2 this this DT 34823 3855 3 figure figure NN 34823 3855 4 by by IN 34823 3855 5 303 303 CD 34823 3855 6 , , , 34823 3855 7 the the DT 34823 3855 8 number number NN 34823 3855 9 of of IN 34823 3855 10 banking banking NN 34823 3855 11 days day NNS 34823 3855 12 in in IN 34823 3855 13 New New NNP 34823 3855 14 York York NNP 34823 3855 15 City City NNP 34823 3855 16 ( ( -LRB- 34823 3855 17 and and CC 34823 3855 18 so so RB 34823 3855 19 , , , 34823 3855 20 presumably presumably RB 34823 3855 21 , , , 34823 3855 22 a a DT 34823 3855 23 fair fair JJ 34823 3855 24 average average NN 34823 3855 25 for for IN 34823 3855 26 the the DT 34823 3855 27 number number NN 34823 3855 28 of of IN 34823 3855 29 banking banking NN 34823 3855 30 days day NNS 34823 3855 31 in in IN 34823 3855 32 the the DT 34823 3855 33 country country NN 34823 3855 34 ) ) -RRB- 34823 3855 35 , , , 34823 3855 36 he -PRON- PRP 34823 3855 37 obtained obtain VBD 34823 3855 38 364 364 CD 34823 3855 39 billions billion NNS 34823 3855 40 for for IN 34823 3855 41 the the DT 34823 3855 42 checks check NNS 34823 3855 43 deposited deposit VBN 34823 3855 44 in in IN 34823 3855 45 1909 1909 CD 34823 3855 46 . . . 34823 3856 1 This this DT 34823 3856 2 figure figure NN 34823 3856 3 he -PRON- PRP 34823 3856 4 considered consider VBD 34823 3856 5 to to TO 34823 3856 6 be be VB 34823 3856 7 M´V m´v NN 34823 3856 8 ´ ´ CD 34823 3856 9 , , , 34823 3856 10 the the DT 34823 3856 11 volume volume NN 34823 3856 12 of of IN 34823 3856 13 bank bank NN 34823 3856 14 deposits,[388 deposits,[388 NN 34823 3856 15 ] ] -RRB- 34823 3856 16 multiplied multiply VBN 34823 3856 17 by by IN 34823 3856 18 its -PRON- PRP$ 34823 3856 19 velocity velocity NN 34823 3856 20 of of IN 34823 3856 21 circulation circulation NN 34823 3856 22 . . . 34823 3857 1 To to TO 34823 3857 2 obtain obtain VB 34823 3857 3 V V NNP 34823 3857 4 ´ ´ CD 34823 3857 5 , , , 34823 3857 6 therefore therefore RB 34823 3857 7 , , , 34823 3857 8 his -PRON- PRP$ 34823 3857 9 problem problem NN 34823 3857 10 was be VBD 34823 3857 11 simple simple JJ 34823 3857 12 : : : 34823 3857 13 he -PRON- PRP 34823 3857 14 divided divide VBD 34823 3857 15 the the DT 34823 3857 16 figure figure NN 34823 3857 17 for for IN 34823 3857 18 M´V m´v NN 34823 3857 19 ´ ´ NNP 34823 3857 20 by by IN 34823 3857 21 the the DT 34823 3857 22 figure figure NN 34823 3857 23 for for IN 34823 3857 24 M M NNP 34823 3857 25 ´ ´ NNP 34823 3857 26 previously previously RB 34823 3857 27 obtained obtain VBN 34823 3857 28 from from IN 34823 3857 29 government government NN 34823 3857 30 statistics statistic NNS 34823 3857 31 , , , 34823 3857 32 and and CC 34823 3857 33 obtained obtain VBD 34823 3857 34 V V NNP 34823 3857 35 ´ ´ CD 34823 3857 36 . . . 34823 3858 1 Now now RB 34823 3858 2 I -PRON- PRP 34823 3858 3 wish wish VBP 34823 3858 4 to to TO 34823 3858 5 call call VB 34823 3858 6 attention attention NN 34823 3858 7 to to IN 34823 3858 8 three three CD 34823 3858 9 important important JJ 34823 3858 10 errors error NNS 34823 3858 11 involved involve VBN 34823 3858 12 in in IN 34823 3858 13 this this DT 34823 3858 14 calculation calculation NN 34823 3858 15 of of IN 34823 3858 16 M´V M´V NNP 34823 3858 17 ´ ´ NNP 34823 3858 18 for for IN 34823 3858 19 1909 1909 CD 34823 3858 20 . . . 34823 3859 1 ( ( -LRB- 34823 3859 2 1 1 LS 34823 3859 3 ) ) -RRB- 34823 3859 4 The the DT 34823 3859 5 assumption assumption NN 34823 3859 6 that that IN 34823 3859 7 the the DT 34823 3859 8 total total JJ 34823 3859 9 check check NN 34823 3859 10 circulation circulation NN 34823 3859 11 is be VBZ 34823 3859 12 the the DT 34823 3859 13 same same JJ 34823 3859 14 as as IN 34823 3859 15 the the DT 34823 3859 16 volume volume NN 34823 3859 17 of of IN 34823 3859 18 checks check NNS 34823 3859 19 actually actually RB 34823 3859 20 used use VBN 34823 3859 21 in in IN 34823 3859 22 _ _ NNP 34823 3859 23 trade trade NN 34823 3859 24 _ _ NNP 34823 3859 25 is be VBZ 34823 3859 26 a a DT 34823 3859 27 violent violent JJ 34823 3859 28 one one NN 34823 3859 29 . . . 34823 3860 1 _ _ NNP 34823 3860 2 Payments Payments NNP 34823 3860 3 _ _ NNP 34823 3860 4 may may MD 34823 3860 5 be be VB 34823 3860 6 tax tax NN 34823 3860 7 payments payment NNS 34823 3860 8 , , , 34823 3860 9 loans loan NNS 34823 3860 10 and and CC 34823 3860 11 repayments repayment NNS 34823 3860 12 , , , 34823 3860 13 gifts gift NNS 34823 3860 14 , , , 34823 3860 15 what what WP 34823 3860 16 not not RB 34823 3860 17 . . . 34823 3861 1 Many many JJ 34823 3861 2 checks check NNS 34823 3861 3 may may MD 34823 3861 4 be be VB 34823 3861 5 used use VBN 34823 3861 6 in in IN 34823 3861 7 a a DT 34823 3861 8 single single JJ 34823 3861 9 transaction transaction NN 34823 3861 10 . . . 34823 3862 1 Surely surely RB 34823 3862 2 not not RB 34823 3862 3 all all DT 34823 3862 4 of of IN 34823 3862 5 this this DT 34823 3862 6 is be VBZ 34823 3862 7 properly properly RB 34823 3862 8 to to TO 34823 3862 9 be be VB 34823 3862 10 counted count VBN 34823 3862 11 in in IN 34823 3862 12 the the DT 34823 3862 13 M´V M´V NNP 34823 3862 14 ´ ´ NNP 34823 3862 15 of of IN 34823 3862 16 the the DT 34823 3862 17 equation equation NN 34823 3862 18 of of IN 34823 3862 19 exchange exchange NN 34823 3862 20 . . . 34823 3863 1 But but CC 34823 3863 2 this this DT 34823 3863 3 topic topic NN 34823 3863 4 is be VBZ 34823 3863 5 better well RBR 34823 3863 6 discussed discuss VBN 34823 3863 7 in in IN 34823 3863 8 connection connection NN 34823 3863 9 with with IN 34823 3863 10 the the DT 34823 3863 11 estimate estimate NN 34823 3863 12 for for IN 34823 3863 13 T T NNP 34823 3863 14 , , , 34823 3863 15 and and CC 34823 3863 16 I -PRON- PRP 34823 3863 17 reserve reserve VBP 34823 3863 18 its -PRON- PRP$ 34823 3863 19 fuller full JJR 34823 3863 20 discussion discussion NN 34823 3863 21 till till IN 34823 3863 22 then then RB 34823 3863 23 . . . 34823 3864 1 ( ( -LRB- 34823 3864 2 2 2 LS 34823 3864 3 ) ) -RRB- 34823 3864 4 The the DT 34823 3864 5 assumption assumption NN 34823 3864 6 that that IN 34823 3864 7 the the DT 34823 3864 8 rest rest NN 34823 3864 9 of of IN 34823 3864 10 the the DT 34823 3864 11 country country NN 34823 3864 12 was be VBD 34823 3864 13 abnormal abnormal JJ 34823 3864 14 in in IN 34823 3864 15 its -PRON- PRP$ 34823 3864 16 clearings clearing NNS 34823 3864 17 on on IN 34823 3864 18 March March NNP 34823 3864 19 17 17 CD 34823 3864 20 , , , 34823 3864 21 1909 1909 CD 34823 3864 22 , , , 34823 3864 23 is be VBZ 34823 3864 24 a a DT 34823 3864 25 pure pure JJ 34823 3864 26 assumption assumption NN 34823 3864 27 , , , 34823 3864 28 which which WDT 34823 3864 29 investigation investigation NN 34823 3864 30 does do VBZ 34823 3864 31 not not RB 34823 3864 32 verify verify VB 34823 3864 33 . . . 34823 3865 1 The the DT 34823 3865 2 rest rest NN 34823 3865 3 of of IN 34823 3865 4 the the DT 34823 3865 5 country country NN 34823 3865 6 was be VBD 34823 3865 7 , , , 34823 3865 8 in in IN 34823 3865 9 fact fact NN 34823 3865 10 , , , 34823 3865 11 nearly nearly RB 34823 3865 12 normal normal JJ 34823 3865 13 ! ! . 34823 3866 1 The the DT 34823 3866 2 error error NN 34823 3866 3 that that WDT 34823 3866 4 comes come VBZ 34823 3866 5 for for IN 34823 3866 6 the the DT 34823 3866 7 year year NN 34823 3866 8 from from IN 34823 3866 9 increasing increase VBG 34823 3866 10 the the DT 34823 3866 11 total total NN 34823 3866 12 on on IN 34823 3866 13 this this DT 34823 3866 14 assumption assumption NN 34823 3866 15 amounts amount VBZ 34823 3866 16 to to IN 34823 3866 17 at at RB 34823 3866 18 least least RBS 34823 3866 19 31 31 CD 34823 3866 20 billions billion NNS 34823 3866 21 ! ! . 34823 3867 1 The the DT 34823 3867 2 total total NN 34823 3867 3 for for IN 34823 3867 4 the the DT 34823 3867 5 year year NN 34823 3867 6 , , , 34823 3867 7 on on IN 34823 3867 8 Professor Professor NNP 34823 3867 9 Fisher Fisher NNP 34823 3867 10 's 's POS 34823 3867 11 method method NN 34823 3867 12 of of IN 34823 3867 13 computation computation NN 34823 3867 14 , , , 34823 3867 15 with with IN 34823 3867 16 the the DT 34823 3867 17 correction correction NN 34823 3867 18 to to TO 34823 3867 19 make make VB 34823 3867 20 the the DT 34823 3867 21 assumption assumption NN 34823 3867 22 regarding regard VBG 34823 3867 23 outside outside IN 34823 3867 24 clearings clearing NNS 34823 3867 25 correspond correspond VBP 34823 3867 26 with with IN 34823 3867 27 the the DT 34823 3867 28 facts fact NNS 34823 3867 29 , , , 34823 3867 30 is be VBZ 34823 3867 31 333 333 CD 34823 3867 32 billions billion NNS 34823 3867 33 , , , 34823 3867 34 instead instead RB 34823 3867 35 of of IN 34823 3867 36 364 364 CD 34823 3867 37 billions billion NNS 34823 3867 38 ! ! . 34823 3868 1 As as IN 34823 3868 2 the the DT 34823 3868 3 figure figure NN 34823 3868 4 for for IN 34823 3868 5 1909 1909 CD 34823 3868 6 is be VBZ 34823 3868 7 a a DT 34823 3868 8 basic basic JJ 34823 3868 9 figure figure NN 34823 3868 10 , , , 34823 3868 11 on on IN 34823 3868 12 which which WDT 34823 3868 13 figures figure NNS 34823 3868 14 for for IN 34823 3868 15 other other JJ 34823 3868 16 years year NNS 34823 3868 17 are be VBP 34823 3868 18 calculated calculate VBN 34823 3868 19 , , , 34823 3868 20 this this DT 34823 3868 21 error error NN 34823 3868 22 is be VBZ 34823 3868 23 extremely extremely RB 34823 3868 24 significant significant JJ 34823 3868 25 . . . 34823 3869 1 [ [ -LRB- 34823 3869 2 389 389 CD 34823 3869 3 ] ] -RRB- 34823 3869 4 ( ( -LRB- 34823 3869 5 3 3 LS 34823 3869 6 ) ) -RRB- 34823 3869 7 A a NN 34823 3869 8 yet yet RB 34823 3869 9 more more RBR 34823 3869 10 serious serious JJ 34823 3869 11 error error NN 34823 3869 12 in in IN 34823 3869 13 this this DT 34823 3869 14 computation computation NN 34823 3869 15 is be VBZ 34823 3869 16 the the DT 34823 3869 17 assumption assumption NN 34823 3869 18 that that IN 34823 3869 19 New New NNP 34823 3869 20 York York NNP 34823 3869 21 City City NNP 34823 3869 22 was be VBD 34823 3869 23 complete complete JJ 34823 3869 24 in in IN 34823 3869 25 Kinley Kinley NNP 34823 3869 26 's 's POS 34823 3869 27 figures figure NNS 34823 3869 28 , , , 34823 3869 29 while while IN 34823 3869 30 the the DT 34823 3869 31 rest rest NN 34823 3869 32 of of IN 34823 3869 33 the the DT 34823 3869 34 country country NN 34823 3869 35 was be VBD 34823 3869 36 incomplete incomplete JJ 34823 3869 37 . . . 34823 3870 1 This this DT 34823 3870 2 error error NN 34823 3870 3 , , , 34823 3870 4 as as IN 34823 3870 5 we -PRON- PRP 34823 3870 6 shall shall MD 34823 3870 7 see see VB 34823 3870 8 , , , 34823 3870 9 largely largely RB 34823 3870 10 neutralizes neutralize VBZ 34823 3870 11 the the DT 34823 3870 12 error error NN 34823 3870 13 above above RB 34823 3870 14 , , , 34823 3870 15 so so RB 34823 3870 16 far far RB 34823 3870 17 as as IN 34823 3870 18 the the DT 34823 3870 19 " " `` 34823 3870 20 finally finally RB 34823 3870 21 adjusted adjust VBN 34823 3870 22 " " '' 34823 3870 23 figure figure NN 34823 3870 24 for for IN 34823 3870 25 1909 1909 CD 34823 3870 26 is be VBZ 34823 3870 27 concerned concern VBN 34823 3870 28 , , , 34823 3870 29 but but CC 34823 3870 30 it -PRON- PRP 34823 3870 31 makes make VBZ 34823 3870 32 a a DT 34823 3870 33 vital vital JJ 34823 3870 34 difference difference NN 34823 3870 35 in in IN 34823 3870 36 the the DT 34823 3870 37 figures figure NNS 34823 3870 38 for for IN 34823 3870 39 other other JJ 34823 3870 40 years year NNS 34823 3870 41 , , , 34823 3870 42 as as IN 34823 3870 43 will will MD 34823 3870 44 appear appear VB 34823 3870 45 , , , 34823 3870 46 since since IN 34823 3870 47 it -PRON- PRP 34823 3870 48 affects affect VBZ 34823 3870 49 the the DT 34823 3870 50 " " `` 34823 3870 51 weighting weighting NN 34823 3870 52 " " '' 34823 3870 53 of of IN 34823 3870 54 New New NNP 34823 3870 55 York York NNP 34823 3870 56 clearings clearing NNS 34823 3870 57 and and CC 34823 3870 58 outside outside JJ 34823 3870 59 clearings clearing NNS 34823 3870 60 in in IN 34823 3870 61 the the DT 34823 3870 62 index index NN 34823 3870 63 of of IN 34823 3870 64 variation variation NN 34823 3870 65 by by IN 34823 3870 66 means mean NNS 34823 3870 67 of of IN 34823 3870 68 which which WDT 34823 3870 69 M´V m´v NN 34823 3870 70 ´ ´ CD 34823 3870 71 for for IN 34823 3870 72 years year NNS 34823 3870 73 other other JJ 34823 3870 74 than than IN 34823 3870 75 1909 1909 CD 34823 3870 76 is be VBZ 34823 3870 77 determined determine VBN 34823 3870 78 . . . 34823 3871 1 The the DT 34823 3871 2 assumption assumption NN 34823 3871 3 that that IN 34823 3871 4 New New NNP 34823 3871 5 York York NNP 34823 3871 6 is be VBZ 34823 3871 7 complete complete JJ 34823 3871 8 , , , 34823 3871 9 in in IN 34823 3871 10 Kinley Kinley NNP 34823 3871 11 's 's POS 34823 3871 12 figures figure NNS 34823 3871 13 , , , 34823 3871 14 and and CC 34823 3871 15 that that IN 34823 3871 16 all all DT 34823 3871 17 of of IN 34823 3871 18 the the DT 34823 3871 19 extra extra JJ 34823 3871 20 hundreds hundred NNS 34823 3871 21 of of IN 34823 3871 22 millions million NNS 34823 3871 23 added add VBN 34823 3871 24 by by IN 34823 3871 25 Professor Professor NNP 34823 3871 26 Weston Weston NNP 34823 3871 27 in in IN 34823 3871 28 his -PRON- PRP$ 34823 3871 29 estimate estimate NN 34823 3871 30 for for IN 34823 3871 31 the the DT 34823 3871 32 non non JJ 34823 3871 33 - - JJ 34823 3871 34 reporting reporting JJ 34823 3871 35 banks bank NNS 34823 3871 36 belongs belong VBZ 34823 3871 37 to to IN 34823 3871 38 the the DT 34823 3871 39 country country NN 34823 3871 40 outside outside IN 34823 3871 41 New New NNP 34823 3871 42 York York NNP 34823 3871 43 , , , 34823 3871 44 is be VBZ 34823 3871 45 made make VBN 34823 3871 46 by by IN 34823 3871 47 Professor Professor NNP 34823 3871 48 Fisher Fisher NNP 34823 3871 49 both both DT 34823 3871 50 on on IN 34823 3871 51 pp pp NNP 34823 3871 52 . . . 34823 3872 1 444 444 CD 34823 3872 2 - - SYM 34823 3872 3 445 445 CD 34823 3872 4 , , , 34823 3872 5 in in IN 34823 3872 6 estimating estimate VBG 34823 3872 7 M´V m´v NN 34823 3872 8 ´ ´ CD 34823 3872 9 for for IN 34823 3872 10 1909 1909 CD 34823 3872 11 , , , 34823 3872 12 and and CC 34823 3872 13 on on IN 34823 3872 14 p. p. NN 34823 3872 15 446 446 CD 34823 3872 16 , , , 34823 3872 17 in in IN 34823 3872 18 finding find VBG 34823 3872 19 an an DT 34823 3872 20 index index NN 34823 3872 21 of of IN 34823 3872 22 variation variation NN 34823 3872 23 for for IN 34823 3872 24 M´V M´V NNP 34823 3872 25 ´ ´ NNP 34823 3872 26 . . . 34823 3873 1 The the DT 34823 3873 2 only only JJ 34823 3873 3 reason reason NN 34823 3873 4 given give VBN 34823 3873 5 , , , 34823 3873 6 so so RB 34823 3873 7 far far RB 34823 3873 8 as as IN 34823 3873 9 I -PRON- PRP 34823 3873 10 can can MD 34823 3873 11 find find VB 34823 3873 12 , , , 34823 3873 13 is be VBZ 34823 3873 14 the the DT 34823 3873 15 following follow VBG 34823 3873 16 : : : 34823 3873 17 " " `` 34823 3873 18 This this DT 34823 3873 19 figure figure NN 34823 3873 20 , , , 34823 3873 21 _ _ NNP 34823 3873 22 being be VBG 34823 3873 23 for for IN 34823 3873 24 New New NNP 34823 3873 25 York York NNP 34823 3873 26 _ _ NNP 34823 3873 27 , , , 34823 3873 28 [ [ -LRB- 34823 3873 29 Italics Italics NNP 34823 3873 30 mine mine NN 34823 3873 31 ] ] -RRB- 34823 3873 32 , , , 34823 3873 33 is be VBZ 34823 3873 34 probably probably RB 34823 3873 35 nearly nearly RB 34823 3873 36 complete complete JJ 34823 3873 37 . . . 34823 3873 38 " " '' 34823 3874 1 ( ( -LRB- 34823 3874 2 _ _ NNP 34823 3874 3 Loc Loc NNP 34823 3874 4 . . . 34823 3875 1 cit cit NNP 34823 3875 2 . . . 34823 3875 3 _ _ NNP 34823 3875 4 , , , 34823 3875 5 p. p. NN 34823 3876 1 446 446 CD 34823 3876 2 . . . 34823 3876 3 ) ) -RRB- 34823 3877 1 With with IN 34823 3877 2 this this DT 34823 3877 3 as as IN 34823 3877 4 a a DT 34823 3877 5 basis basis NN 34823 3877 6 , , , 34823 3877 7 Professor Professor NNP 34823 3877 8 Fisher Fisher NNP 34823 3877 9 proceeds proceed VBZ 34823 3877 10 in in IN 34823 3877 11 his -PRON- PRP$ 34823 3877 12 calculations calculation NNS 34823 3877 13 to to TO 34823 3877 14 treat treat VB 34823 3877 15 the the DT 34823 3877 16 figure figure NN 34823 3877 17 for for IN 34823 3877 18 New New NNP 34823 3877 19 York York NNP 34823 3877 20 , , , 34823 3877 21 239 239 CD 34823 3877 22 millions million NNS 34823 3877 23 , , , 34823 3877 24 as as IN 34823 3877 25 absolutely absolutely RB 34823 3877 26 complete complete JJ 34823 3877 27 , , , 34823 3877 28 and and CC 34823 3877 29 gives give VBZ 34823 3877 30 the the DT 34823 3877 31 rest rest NN 34823 3877 32 of of IN 34823 3877 33 Professor Professor NNP 34823 3877 34 Weston Weston NNP 34823 3877 35 's 's POS 34823 3877 36 1.02 1.02 CD 34823 3877 37 billions billion NNS 34823 3877 38 for for IN 34823 3877 39 the the DT 34823 3877 40 day day NN 34823 3877 41 , , , 34823 3877 42 or or CC 34823 3877 43 786 786 CD 34823 3877 44 millions million NNS 34823 3877 45 , , , 34823 3877 46 to to IN 34823 3877 47 the the DT 34823 3877 48 country country NN 34823 3877 49 outside outside RB 34823 3877 50 . . . 34823 3878 1 The the DT 34823 3878 2 error error NN 34823 3878 3 above above RB 34823 3878 4 mentioned mention VBN 34823 3878 5 , , , 34823 3878 6 of of IN 34823 3878 7 assuming assume VBG 34823 3878 8 the the DT 34823 3878 9 rest rest NN 34823 3878 10 of of IN 34823 3878 11 the the DT 34823 3878 12 country country NN 34823 3878 13 to to TO 34823 3878 14 be be VB 34823 3878 15 abnormally abnormally RB 34823 3878 16 low low JJ 34823 3878 17 on on IN 34823 3878 18 March March NNP 34823 3878 19 17 17 CD 34823 3878 20 in in IN 34823 3878 21 its -PRON- PRP$ 34823 3878 22 clearings clearing NNS 34823 3878 23 , , , 34823 3878 24 still still RB 34823 3878 25 further further RB 34823 3878 26 increases increase VBZ 34823 3878 27 the the DT 34823 3878 28 amount amount NN 34823 3878 29 assigned assign VBN 34823 3878 30 to to IN 34823 3878 31 the the DT 34823 3878 32 rest rest NN 34823 3878 33 of of IN 34823 3878 34 the the DT 34823 3878 35 country country NN 34823 3878 36 in in IN 34823 3878 37 the the DT 34823 3878 38 total total JJ 34823 3878 39 figures figure NNS 34823 3878 40 for for IN 34823 3878 41 the the DT 34823 3878 42 year year NN 34823 3878 43 . . . 34823 3879 1 [ [ -LRB- 34823 3879 2 390 390 CD 34823 3879 3 ] ] -RRB- 34823 3879 4 The the DT 34823 3879 5 conclusion conclusion NN 34823 3879 6 finally finally RB 34823 3879 7 is be VBZ 34823 3879 8 that that IN 34823 3879 9 New New NNP 34823 3879 10 York York NNP 34823 3879 11 had have VBD 34823 3879 12 deposits deposit NNS 34823 3879 13 of of IN 34823 3879 14 93 93 CD 34823 3879 15 billions billion NNS 34823 3879 16 in in IN 34823 3879 17 checks check NNS 34823 3879 18 for for IN 34823 3879 19 the the DT 34823 3879 20 year year NN 34823 3879 21 , , , 34823 3879 22 while while IN 34823 3879 23 the the DT 34823 3879 24 rest rest NN 34823 3879 25 of of IN 34823 3879 26 the the DT 34823 3879 27 country country NN 34823 3879 28 had have VBD 34823 3879 29 deposits deposit NNS 34823 3879 30 of of IN 34823 3879 31 271 271 CD 34823 3879 32 billions billion NNS 34823 3879 33 in in IN 34823 3879 34 checks check NNS 34823 3879 35 . . . 34823 3880 1 As as IN 34823 3880 2 New New NNP 34823 3880 3 York York NNP 34823 3880 4 clearings clearing NNS 34823 3880 5 for for IN 34823 3880 6 the the DT 34823 3880 7 year year NN 34823 3880 8 were be VBD 34823 3880 9 104 104 CD 34823 3880 10 billions billion NNS 34823 3880 11 , , , 34823 3880 12 while while IN 34823 3880 13 clearings clearing NNS 34823 3880 14 for for IN 34823 3880 15 the the DT 34823 3880 16 rest rest NN 34823 3880 17 of of IN 34823 3880 18 the the DT 34823 3880 19 country country NN 34823 3880 20 were be VBD 34823 3880 21 only only RB 34823 3880 22 62 62 CD 34823 3880 23 billions billion NNS 34823 3880 24 , , , 34823 3880 25 Professor Professor NNP 34823 3880 26 Fisher Fisher NNP 34823 3880 27 concludes conclude VBZ 34823 3880 28 that that IN 34823 3880 29 New New NNP 34823 3880 30 York York NNP 34823 3880 31 clearings clearing NNS 34823 3880 32 overcount overcount VBP 34823 3880 33 New New NNP 34823 3880 34 York York NNP 34823 3880 35 check check NN 34823 3880 36 deposits deposit NNS 34823 3880 37 , , , 34823 3880 38 and and CC 34823 3880 39 outside outside JJ 34823 3880 40 clearings clearing NNS 34823 3880 41 greatly greatly RB 34823 3880 42 undercount undercount JJ 34823 3880 43 outside outside JJ 34823 3880 44 check check NN 34823 3880 45 deposits deposit NNS 34823 3880 46 , , , 34823 3880 47 so so IN 34823 3880 48 that that IN 34823 3880 49 , , , 34823 3880 50 in in IN 34823 3880 51 the the DT 34823 3880 52 index index NN 34823 3880 53 of of IN 34823 3880 54 variation variation NN 34823 3880 55 of of IN 34823 3880 56 check check NN 34823 3880 57 deposits deposit NNS 34823 3880 58 , , , 34823 3880 59 for for IN 34823 3880 60 years year NNS 34823 3880 61 other other JJ 34823 3880 62 than than IN 34823 3880 63 1909 1909 CD 34823 3880 64 and and CC 34823 3880 65 1896 1896 CD 34823 3880 66 , , , 34823 3880 67 New New NNP 34823 3880 68 York York NNP 34823 3880 69 clearings clearing NNS 34823 3880 70 should should MD 34823 3880 71 be be VB 34823 3880 72 given give VBN 34823 3880 73 a a DT 34823 3880 74 weight weight NN 34823 3880 75 of of IN 34823 3880 76 only only RB 34823 3880 77 1 1 CD 34823 3880 78 , , , 34823 3880 79 while while IN 34823 3880 80 outside outside JJ 34823 3880 81 clearings clearing NNS 34823 3880 82 should should MD 34823 3880 83 be be VB 34823 3880 84 weighted weight VBN 34823 3880 85 by by IN 34823 3880 86 5 5 CD 34823 3880 87 . . . 34823 3881 1 " " `` 34823 3881 2 That that RB 34823 3881 3 is is RB 34823 3881 4 , , , 34823 3881 5 on on IN 34823 3881 6 the the DT 34823 3881 7 basis basis NN 34823 3881 8 of of IN 34823 3881 9 1909 1909 CD 34823 3881 10 figures figure NNS 34823 3881 11 , , , 34823 3881 12 five five CD 34823 3881 13 times time NNS 34823 3881 14 the the DT 34823 3881 15 outside outside JJ 34823 3881 16 clearings clearing NNS 34823 3881 17 plus plus CC 34823 3881 18 once once IN 34823 3881 19 the the DT 34823 3881 20 New New NNP 34823 3881 21 York York NNP 34823 3881 22 clearings clearing NNS 34823 3881 23 should should MD 34823 3881 24 be be VB 34823 3881 25 a a DT 34823 3881 26 good good JJ 34823 3881 27 barometer barometer NN 34823 3881 28 of of IN 34823 3881 29 check check NN 34823 3881 30 transactions transaction NNS 34823 3881 31 . . . 34823 3881 32 " " '' 34823 3882 1 ( ( -LRB- 34823 3882 2 P. P. NNP 34823 3883 1 447 447 CD 34823 3883 2 . . . 34823 3883 3 ) ) -RRB- 34823 3884 1 All all PDT 34823 3884 2 this this DT 34823 3884 3 rests rest VBZ 34823 3884 4 on on IN 34823 3884 5 the the DT 34823 3884 6 assumption assumption NN 34823 3884 7 that that IN 34823 3884 8 New New NNP 34823 3884 9 York York NNP 34823 3884 10 figures figure VBZ 34823 3884 11 for for IN 34823 3884 12 March March NNP 34823 3884 13 16 16 CD 34823 3884 14 , , , 34823 3884 15 1909 1909 CD 34823 3884 16 , , , 34823 3884 17 were be VBD 34823 3884 18 complete complete JJ 34823 3884 19 , , , 34823 3884 20 and and CC 34823 3884 21 the the DT 34823 3884 22 only only JJ 34823 3884 23 reason reason NN 34823 3884 24 assigned assign VBN 34823 3884 25 is be VBZ 34823 3884 26 , , , 34823 3884 27 " " '' 34823 3884 28 being be VBG 34823 3884 29 from from IN 34823 3884 30 New New NNP 34823 3884 31 York York NNP 34823 3884 32 ! ! . 34823 3884 33 " " '' 34823 3885 1 Now now RB 34823 3885 2 the the DT 34823 3885 3 figures figure NNS 34823 3885 4 from from IN 34823 3885 5 New New NNP 34823 3885 6 York York NNP 34823 3885 7 were be VBD 34823 3885 8 not not RB 34823 3885 9 complete complete JJ 34823 3885 10 . . . 34823 3886 1 And and CC 34823 3886 2 New New NNP 34823 3886 3 York York NNP 34823 3886 4 clearings clearing NNS 34823 3886 5 do do VBP 34823 3886 6 not not RB 34823 3886 7 overcount overcount VB 34823 3886 8 New New NNP 34823 3886 9 York York NNP 34823 3886 10 check check NN 34823 3886 11 deposits deposit NNS 34823 3886 12 . . . 34823 3887 1 Outside outside JJ 34823 3887 2 clearings clearing NNS 34823 3887 3 do do VBP 34823 3887 4 not not RB 34823 3887 5 undercount undercount VB 34823 3887 6 outside outside JJ 34823 3887 7 check check NN 34823 3887 8 deposits deposit NNS 34823 3887 9 nearly nearly RB 34823 3887 10 to to IN 34823 3887 11 the the DT 34823 3887 12 extent extent NN 34823 3887 13 that that WDT 34823 3887 14 Professor Professor NNP 34823 3887 15 Fisher Fisher NNP 34823 3887 16 assumes assume VBZ 34823 3887 17 . . . 34823 3888 1 For for IN 34823 3888 2 each each DT 34823 3888 3 of of IN 34823 3888 4 these these DT 34823 3888 5 three three CD 34823 3888 6 statements statement NNS 34823 3888 7 I -PRON- PRP 34823 3888 8 shall shall MD 34823 3888 9 offer offer VB 34823 3888 10 what what WP 34823 3888 11 would would MD 34823 3888 12 seem seem VB 34823 3888 13 to to TO 34823 3888 14 be be VB 34823 3888 15 conclusive conclusive JJ 34823 3888 16 evidence evidence NN 34823 3888 17 , , , 34823 3888 18 and and CC 34823 3888 19 I -PRON- PRP 34823 3888 20 shall shall MD 34823 3888 21 attempt attempt VB 34823 3888 22 to to TO 34823 3888 23 get get VB 34823 3888 24 an an DT 34823 3888 25 estimate estimate NN 34823 3888 26 of of IN 34823 3888 27 the the DT 34823 3888 28 real real JJ 34823 3888 29 relation relation NN 34823 3888 30 between between IN 34823 3888 31 New New NNP 34823 3888 32 York York NNP 34823 3888 33 check check NN 34823 3888 34 transactions transaction NNS 34823 3888 35 and and CC 34823 3888 36 check check VB 34823 3888 37 transactions transaction NNS 34823 3888 38 for for IN 34823 3888 39 the the DT 34823 3888 40 rest rest NN 34823 3888 41 of of IN 34823 3888 42 the the DT 34823 3888 43 country country NN 34823 3888 44 . . . 34823 3889 1 First first RB 34823 3889 2 , , , 34823 3889 3 the the DT 34823 3889 4 figures figure NNS 34823 3889 5 for for IN 34823 3889 6 New New NNP 34823 3889 7 York York NNP 34823 3889 8 were be VBD 34823 3889 9 far far RB 34823 3889 10 from from IN 34823 3889 11 complete complete JJ 34823 3889 12 . . . 34823 3890 1 It -PRON- PRP 34823 3890 2 may may MD 34823 3890 3 be be VB 34823 3890 4 noted note VBN 34823 3890 5 that that IN 34823 3890 6 Dean Dean NNP 34823 3890 7 Kinley Kinley NNP 34823 3890 8 , , , 34823 3890 9 in in IN 34823 3890 10 his -PRON- PRP$ 34823 3890 11 volume volume NN 34823 3890 12 for for IN 34823 3890 13 1909,[391 1909,[391 CD 34823 3890 14 ] ] -RRB- 34823 3890 15 is be VBZ 34823 3890 16 very very RB 34823 3890 17 careful careful JJ 34823 3890 18 to to TO 34823 3890 19 repudiate repudiate VB 34823 3890 20 the the DT 34823 3890 21 assumption assumption NN 34823 3890 22 that that IN 34823 3890 23 the the DT 34823 3890 24 cities city NNS 34823 3890 25 were be VBD 34823 3890 26 complete complete JJ 34823 3890 27 more more JJR 34823 3890 28 than than IN 34823 3890 29 the the DT 34823 3890 30 country country NN 34823 3890 31 : : : 34823 3890 32 " " `` 34823 3890 33 Moreover moreover RB 34823 3890 34 , , , 34823 3890 35 it -PRON- PRP 34823 3890 36 is be VBZ 34823 3890 37 a a DT 34823 3890 38 mere mere JJ 34823 3890 39 assumption assumption NN 34823 3890 40 that that IN 34823 3890 41 the the DT 34823 3890 42 non non JJ 34823 3890 43 - - JJ 34823 3890 44 reporting reporting JJ 34823 3890 45 banks bank NNS 34823 3890 46 are be VBP 34823 3890 47 mainly mainly RB 34823 3890 48 the the DT 34823 3890 49 small small JJ 34823 3890 50 banks bank NNS 34823 3890 51 in in IN 34823 3890 52 the the DT 34823 3890 53 country country NN 34823 3890 54 districts district NNS 34823 3890 55 . . . 34823 3891 1 _ _ NNP 34823 3891 2 A a DT 34823 3891 3 great great JJ 34823 3891 4 many many JJ 34823 3891 5 city city NN 34823 3891 6 banks bank NNS 34823 3891 7 also also RB 34823 3891 8 did do VBD 34823 3891 9 not not RB 34823 3891 10 report report VB 34823 3891 11 . . . 34823 3891 12 _ _ NNP 34823 3891 13 " " '' 34823 3891 14 ( ( -LRB- 34823 3891 15 Italics Italics NNP 34823 3891 16 mine mine NN 34823 3891 17 . . . 34823 3891 18 ) ) -RRB- 34823 3892 1 That that IN 34823 3892 2 this this DT 34823 3892 3 is be VBZ 34823 3892 4 true true JJ 34823 3892 5 for for IN 34823 3892 6 New New NNP 34823 3892 7 York York NNP 34823 3892 8 is be VBZ 34823 3892 9 abundantly abundantly RB 34823 3892 10 evident evident JJ 34823 3892 11 from from IN 34823 3892 12 figures figure NNS 34823 3892 13 there there RB 34823 3892 14 given give VBN 34823 3892 15 for for IN 34823 3892 16 the the DT 34823 3892 17 private private JJ 34823 3892 18 banks bank NNS 34823 3892 19 and and CC 34823 3892 20 the the DT 34823 3892 21 trust trust NN 34823 3892 22 companies company NNS 34823 3892 23 , , , 34823 3892 24 not not RB 34823 3892 25 to to TO 34823 3892 26 consider consider VB 34823 3892 27 at at IN 34823 3892 28 all all PDT 34823 3892 29 the the DT 34823 3892 30 State State NNP 34823 3892 31 and and CC 34823 3892 32 national national JJ 34823 3892 33 banks bank NNS 34823 3892 34 . . . 34823 3893 1 New New NNP 34823 3893 2 York York NNP 34823 3893 3 shows show VBZ 34823 3893 4 only only RB 34823 3893 5 $ $ $ 34823 3893 6 1,751 1,751 CD 34823 3893 7 in in IN 34823 3893 8 checks check NNS 34823 3893 9 deposited deposit VBN 34823 3893 10 in in IN 34823 3893 11 the the DT 34823 3893 12 " " `` 34823 3893 13 all all DT 34823 3893 14 other other JJ 34823 3893 15 deposits deposit NNS 34823 3893 16 " " '' 34823 3893 17 in in IN 34823 3893 18 private private JJ 34823 3893 19 banks bank NNS 34823 3893 20 ! ! . 34823 3894 1 This this DT 34823 3894 2 is be VBZ 34823 3894 3 a a DT 34823 3894 4 city city NN 34823 3894 5 which which WDT 34823 3894 6 includes include VBZ 34823 3894 7 among among IN 34823 3894 8 its -PRON- PRP$ 34823 3894 9 private private JJ 34823 3894 10 bankers banker NNS 34823 3894 11 J. J. NNP 34823 3894 12 P. P. NNP 34823 3894 13 Morgan Morgan NNP 34823 3894 14 & & CC 34823 3894 15 Co. Co. NNP 34823 3894 16 , , , 34823 3894 17 Kuhn Kuhn NNP 34823 3894 18 , , , 34823 3894 19 Loeb Loeb NNP 34823 3894 20 and and CC 34823 3894 21 Co. Co. NNP 34823 3894 22 , , , 34823 3894 23 J. J. NNP 34823 3895 1 & & CC 34823 3895 2 W. W. NNP 34823 3895 3 Seligman Seligman NNP 34823 3895 4 & & CC 34823 3895 5 Co. Co. NNP 34823 3895 6 , , , 34823 3895 7 and and CC 34823 3895 8 others other NNS 34823 3895 9 ! ! . 34823 3896 1 Figures figure NNS 34823 3896 2 from from IN 34823 3896 3 these these DT 34823 3896 4 banks bank NNS 34823 3896 5 appear appear VBP 34823 3896 6 nowhere nowhere RB 34823 3896 7 in in IN 34823 3896 8 Kinley Kinley NNP 34823 3896 9 's 's POS 34823 3896 10 totals total NNS 34823 3896 11 , , , 34823 3896 12 since since IN 34823 3896 13 deposits deposit NNS 34823 3896 14 made make VBN 34823 3896 15 _ _ NNP 34823 3896 16 by by IN 34823 3896 17 _ _ NNP 34823 3896 18 these these DT 34823 3896 19 banks bank NNS 34823 3896 20 in in IN 34823 3896 21 other other JJ 34823 3896 22 banks bank NNS 34823 3896 23 are be VBP 34823 3896 24 also also RB 34823 3896 25 excluded exclude VBN 34823 3896 26 from from IN 34823 3896 27 Kinley Kinley NNP 34823 3896 28 's 's POS 34823 3896 29 figures figure NNS 34823 3896 30 . . . 34823 3897 1 [ [ -LRB- 34823 3897 2 392 392 CD 34823 3897 3 ] ] -RRB- 34823 3897 4 Of of RB 34823 3897 5 course course RB 34823 3897 6 , , , 34823 3897 7 exact exact JJ 34823 3897 8 figures figure NNS 34823 3897 9 can can MD 34823 3897 10 not not RB 34823 3897 11 be be VB 34823 3897 12 given give VBN 34823 3897 13 to to TO 34823 3897 14 show show VB 34823 3897 15 how how WRB 34823 3897 16 much much JJ 34823 3897 17 New New NNP 34823 3897 18 York York NNP 34823 3897 19 would would MD 34823 3897 20 be be VB 34823 3897 21 increased increase VBN 34823 3897 22 had have VBD 34823 3897 23 the the DT 34823 3897 24 private private JJ 34823 3897 25 banks bank NNS 34823 3897 26 made make VBD 34823 3897 27 full full JJ 34823 3897 28 reports report NNS 34823 3897 29 . . . 34823 3898 1 We -PRON- PRP 34823 3898 2 have have VBP 34823 3898 3 no no DT 34823 3898 4 reports report NNS 34823 3898 5 of of IN 34823 3898 6 any any DT 34823 3898 7 kind kind NN 34823 3898 8 from from IN 34823 3898 9 these these DT 34823 3898 10 institutions institution NNS 34823 3898 11 . . . 34823 3899 1 Every every DT 34823 3899 2 feature feature NN 34823 3899 3 of of IN 34823 3899 4 their -PRON- PRP$ 34823 3899 5 business business NN 34823 3899 6 is be VBZ 34823 3899 7 kept keep VBN 34823 3899 8 from from IN 34823 3899 9 the the DT 34823 3899 10 lime lime NN 34823 3899 11 light light NN 34823 3899 12 , , , 34823 3899 13 as as RB 34823 3899 14 far far RB 34823 3899 15 as as IN 34823 3899 16 possible possible JJ 34823 3899 17 -- -- : 34823 3899 18 a a DT 34823 3899 19 practice practice NN 34823 3899 20 which which WDT 34823 3899 21 is be VBZ 34823 3899 22 much much JJ 34823 3899 23 to to TO 34823 3899 24 be be VB 34823 3899 25 regretted regret VBN 34823 3899 26 , , , 34823 3899 27 since since IN 34823 3899 28 it -PRON- PRP 34823 3899 29 arouses arouse VBZ 34823 3899 30 hostility hostility NN 34823 3899 31 and and CC 34823 3899 32 suspicion suspicion NN 34823 3899 33 , , , 34823 3899 34 where where WRB 34823 3899 35 a a DT 34823 3899 36 statement statement NN 34823 3899 37 of of IN 34823 3899 38 the the DT 34823 3899 39 facts fact NNS 34823 3899 40 in in IN 34823 3899 41 the the DT 34823 3899 42 case case NN 34823 3899 43 would would MD 34823 3899 44 frequently frequently RB 34823 3899 45 entirely entirely RB 34823 3899 46 dispel dispel VB 34823 3899 47 them -PRON- PRP 34823 3899 48 . . . 34823 3900 1 We -PRON- PRP 34823 3900 2 have have VBP 34823 3900 3 , , , 34823 3900 4 however however RB 34823 3900 5 , , , 34823 3900 6 some some DT 34823 3900 7 information information NN 34823 3900 8 regarding regard VBG 34823 3900 9 the the DT 34823 3900 10 magnitude magnitude NN 34823 3900 11 of of IN 34823 3900 12 their -PRON- PRP$ 34823 3900 13 deposits deposit NNS 34823 3900 14 , , , 34823 3900 15 meaning mean VBG 34823 3900 16 by by IN 34823 3900 17 deposits deposit NNS 34823 3900 18 , , , 34823 3900 19 not not RB 34823 3900 20 what what WP 34823 3900 21 Kinley Kinley NNP 34823 3900 22 means mean VBZ 34823 3900 23 in in IN 34823 3900 24 this this DT 34823 3900 25 investigation investigation NN 34823 3900 26 , , , 34823 3900 27 namely namely RB 34823 3900 28 , , , 34823 3900 29 checks check NNS 34823 3900 30 , , , 34823 3900 31 etc etc FW 34823 3900 32 . . FW 34823 3900 33 , , , 34823 3900 34 _ _ NNP 34823 3900 35 deposited deposit VBD 34823 3900 36 _ _ NNP 34823 3900 37 on on IN 34823 3900 38 a a DT 34823 3900 39 given give VBN 34823 3900 40 day day NN 34823 3900 41 , , , 34823 3900 42 but but CC 34823 3900 43 rather rather RB 34823 3900 44 , , , 34823 3900 45 deposits deposit NNS 34823 3900 46 in in IN 34823 3900 47 the the DT 34823 3900 48 balance balance NN 34823 3900 49 sheet sheet NN 34823 3900 50 sense sense NN 34823 3900 51 of of IN 34823 3900 52 demand demand NN 34823 3900 53 obligations obligation NNS 34823 3900 54 to to IN 34823 3900 55 depositors depositor NNS 34823 3900 56 . . . 34823 3901 1 In in IN 34823 3901 2 Nov. November NNP 34823 3901 3 1912 1912 CD 34823 3901 4 , , , 34823 3901 5 J. J. NNP 34823 3901 6 P. P. NNP 34823 3901 7 Morgan Morgan NNP 34823 3901 8 and and CC 34823 3901 9 Co. Co. NNP 34823 3901 10 held hold VBD 34823 3901 11 deposits deposit NNS 34823 3901 12 of of IN 34823 3901 13 $ $ $ 34823 3901 14 114,000,000 114,000,000 CD 34823 3901 15 , , , 34823 3901 16 exclusive exclusive JJ 34823 3901 17 of of IN 34823 3901 18 49 49 CD 34823 3901 19 millions million NNS 34823 3901 20 on on IN 34823 3901 21 deposit deposit NN 34823 3901 22 with with IN 34823 3901 23 their -PRON- PRP$ 34823 3901 24 Philadelphia Philadelphia NNP 34823 3901 25 branch branch NN 34823 3901 26 of of IN 34823 3901 27 Drexel Drexel NNP 34823 3901 28 & & CC 34823 3901 29 Co. Co. NNP 34823 3901 30 About about IN 34823 3901 31 half half NN 34823 3901 32 of of IN 34823 3901 33 these these DT 34823 3901 34 were be VBD 34823 3901 35 deposits deposit NNS 34823 3901 36 of of IN 34823 3901 37 interstate interstate JJ 34823 3901 38 corporations corporation NNS 34823 3901 39 . . . 34823 3902 1 Kuhn Kuhn NNP 34823 3902 2 - - HYPH 34823 3902 3 Loeb Loeb NNP 34823 3902 4 held hold VBD 34823 3902 5 , , , 34823 3902 6 on on IN 34823 3902 7 the the DT 34823 3902 8 average average NN 34823 3902 9 , , , 34823 3902 10 for for IN 34823 3902 11 the the DT 34823 3902 12 six six CD 34823 3902 13 years year NNS 34823 3902 14 preceding precede VBG 34823 3902 15 1913 1913 CD 34823 3902 16 over over IN 34823 3902 17 17 17 CD 34823 3902 18 millions million NNS 34823 3902 19 of of IN 34823 3902 20 deposits deposit NNS 34823 3902 21 of of IN 34823 3902 22 interstate interstate JJ 34823 3902 23 corporations corporation NNS 34823 3902 24 . . . 34823 3903 1 What what WP 34823 3903 2 their -PRON- PRP$ 34823 3903 3 aggregate aggregate JJ 34823 3903 4 deposits deposit NNS 34823 3903 5 were be VBD 34823 3903 6 , , , 34823 3903 7 we -PRON- PRP 34823 3903 8 do do VBP 34823 3903 9 not not RB 34823 3903 10 know know VB 34823 3903 11 . . . 34823 3904 1 These these DT 34823 3904 2 figures figure NNS 34823 3904 3 are be VBP 34823 3904 4 obtained obtain VBN 34823 3904 5 from from IN 34823 3904 6 the the DT 34823 3904 7 report report NN 34823 3904 8 of of IN 34823 3904 9 the the DT 34823 3904 10 Pujo Pujo NNP 34823 3904 11 Committee Committee NNP 34823 3904 12 . . . 34823 3905 1 [ [ -LRB- 34823 3905 2 393 393 CD 34823 3905 3 ] ] -RRB- 34823 3905 4 Morgan Morgan NNP 34823 3905 5 's 's POS 34823 3905 6 deposits deposit NNS 34823 3905 7 were be VBD 34823 3905 8 equalled equal VBN 34823 3905 9 by by IN 34823 3905 10 only only RB 34823 3905 11 three three CD 34823 3905 12 banks bank NNS 34823 3905 13 and and CC 34823 3905 14 two two CD 34823 3905 15 trust trust NN 34823 3905 16 companies company NNS 34823 3905 17 in in IN 34823 3905 18 New New NNP 34823 3905 19 York York NNP 34823 3905 20 ( ( -LRB- 34823 3905 21 as as IN 34823 3905 22 of of IN 34823 3905 23 April April NNP 34823 3905 24 3 3 CD 34823 3905 25 , , , 34823 3905 26 1915 1915 CD 34823 3905 27 ) ) -RRB- 34823 3905 28 , , , 34823 3905 29 and and CC 34823 3905 30 Kuhn Kuhn NNP 34823 3905 31 - - HYPH 34823 3905 32 Loeb Loeb NNP 34823 3905 33 's 's POS 34823 3905 34 deposits deposit NNS 34823 3905 35 for for IN 34823 3905 36 interstate interstate JJ 34823 3905 37 corporations corporation NNS 34823 3905 38 alone alone RB 34823 3905 39 exceeded exceed VBD 34823 3905 40 the the DT 34823 3905 41 total total JJ 34823 3905 42 deposits deposit NNS 34823 3905 43 of of IN 34823 3905 44 any any DT 34823 3905 45 one one CD 34823 3905 46 of of IN 34823 3905 47 the the DT 34823 3905 48 great great JJ 34823 3905 49 majority majority NN 34823 3905 50 of of IN 34823 3905 51 the the DT 34823 3905 52 New New NNP 34823 3905 53 York York NNP 34823 3905 54 Clearing Clearing NNP 34823 3905 55 House House NNP 34823 3905 56 banks bank NNS 34823 3905 57 and and CC 34823 3905 58 trust trust NN 34823 3905 59 companies company NNS 34823 3905 60 . . . 34823 3906 1 Of of RB 34823 3906 2 course course RB 34823 3906 3 , , , 34823 3906 4 large large JJ 34823 3906 5 deposits deposit NNS 34823 3906 6 in in IN 34823 3906 7 the the DT 34823 3906 8 balance balance NN 34823 3906 9 sheet sheet NN 34823 3906 10 sense sense NN 34823 3906 11 need nee MD 34823 3906 12 not not RB 34823 3906 13 mean mean VB 34823 3906 14 large large JJ 34823 3906 15 deposits deposit NNS 34823 3906 16 made make VBN 34823 3906 17 on on IN 34823 3906 18 a a DT 34823 3906 19 given give VBN 34823 3906 20 day day NN 34823 3906 21 . . . 34823 3907 1 Private private JJ 34823 3907 2 bankers banker NNS 34823 3907 3 ' ' POS 34823 3907 4 deposits deposit NNS 34823 3907 5 may may MD 34823 3907 6 be be VB 34823 3907 7 inactive inactive JJ 34823 3907 8 . . . 34823 3908 1 But but CC 34823 3908 2 we -PRON- PRP 34823 3908 3 know know VBP 34823 3908 4 , , , 34823 3908 5 first first RB 34823 3908 6 , , , 34823 3908 7 that that IN 34823 3908 8 half half NN 34823 3908 9 of of IN 34823 3908 10 these these DT 34823 3908 11 figures figure NNS 34823 3908 12 for for IN 34823 3908 13 Morgan Morgan NNP 34823 3908 14 , , , 34823 3908 15 and and CC 34823 3908 16 the the DT 34823 3908 17 whole whole NN 34823 3908 18 of of IN 34823 3908 19 the the DT 34823 3908 20 figures figure NNS 34823 3908 21 given give VBN 34823 3908 22 for for IN 34823 3908 23 Kuhn Kuhn NNP 34823 3908 24 - - HYPH 34823 3908 25 Loeb Loeb NNP 34823 3908 26 , , , 34823 3908 27 represent represent VB 34823 3908 28 the the DT 34823 3908 29 deposits deposit NNS 34823 3908 30 of of IN 34823 3908 31 active active JJ 34823 3908 32 business business NN 34823 3908 33 corporations corporation NNS 34823 3908 34 , , , 34823 3908 35 engaged engage VBN 34823 3908 36 in in IN 34823 3908 37 interstate interstate JJ 34823 3908 38 business business NN 34823 3908 39 . . . 34823 3909 1 They -PRON- PRP 34823 3909 2 are be VBP 34823 3909 3 not not RB 34823 3909 4 mere mere JJ 34823 3909 5 trust trust NN 34823 3909 6 funds fund NNS 34823 3909 7 lying lie VBG 34823 3909 8 idle idle JJ 34823 3909 9 , , , 34823 3909 10 or or CC 34823 3909 11 awaiting await VBG 34823 3909 12 investment investment NN 34823 3909 13 in in IN 34823 3909 14 securities security NNS 34823 3909 15 . . . 34823 3910 1 What what WP 34823 3910 2 the the DT 34823 3910 3 rest rest NN 34823 3910 4 are be VBP 34823 3910 5 we -PRON- PRP 34823 3910 6 can can MD 34823 3910 7 only only RB 34823 3910 8 conjecture conjecture VB 34823 3910 9 . . . 34823 3911 1 That that IN 34823 3911 2 they -PRON- PRP 34823 3911 3 are be VBP 34823 3911 4 deposits deposit NNS 34823 3911 5 of of IN 34823 3911 6 men man NNS 34823 3911 7 and and CC 34823 3911 8 firms firm NNS 34823 3911 9 connected connect VBN 34823 3911 10 with with IN 34823 3911 11 the the DT 34823 3911 12 Stock Stock NNP 34823 3911 13 Exchange Exchange NNP 34823 3911 14 in in IN 34823 3911 15 some some DT 34823 3911 16 way way NN 34823 3911 17 is be VBZ 34823 3911 18 highly highly RB 34823 3911 19 probable probable JJ 34823 3911 20 . . . 34823 3912 1 The the DT 34823 3912 2 whole whole JJ 34823 3912 3 drift drift NN 34823 3912 4 of of IN 34823 3912 5 the the DT 34823 3912 6 statistics statistic NNS 34823 3912 7 presented present VBN 34823 3912 8 in in IN 34823 3912 9 this this DT 34823 3912 10 book book NN 34823 3912 11 , , , 34823 3912 12 and and CC 34823 3912 13 of of IN 34823 3912 14 the the DT 34823 3912 15 argument argument NN 34823 3912 16 developed develop VBN 34823 3912 17 in in IN 34823 3912 18 this this DT 34823 3912 19 book book NN 34823 3912 20 , , , 34823 3912 21 would would MD 34823 3912 22 serve serve VB 34823 3912 23 to to TO 34823 3912 24 show show VB 34823 3912 25 that that IN 34823 3912 26 such such JJ 34823 3912 27 deposits deposit NNS 34823 3912 28 are be VBP 34823 3912 29 likely likely JJ 34823 3912 30 to to TO 34823 3912 31 be be VB 34823 3912 32 more more JJR 34823 3912 33 than than IN 34823 3912 34 ordinarily ordinarily RB 34823 3912 35 active active JJ 34823 3912 36 . . . 34823 3913 1 [ [ -LRB- 34823 3913 2 394 394 CD 34823 3913 3 ] ] -RRB- 34823 3913 4 I -PRON- PRP 34823 3913 5 refrain refrain VBP 34823 3913 6 from from IN 34823 3913 7 assigning assign VBG 34823 3913 8 any any DT 34823 3913 9 figures figure NNS 34823 3913 10 as as IN 34823 3913 11 to to IN 34823 3913 12 the the DT 34823 3913 13 amount amount NN 34823 3913 14 of of IN 34823 3913 15 checks check NNS 34823 3913 16 deposited deposit VBN 34823 3913 17 in in IN 34823 3913 18 private private JJ 34823 3913 19 banks bank NNS 34823 3913 20 in in IN 34823 3913 21 New New NNP 34823 3913 22 York York NNP 34823 3913 23 on on IN 34823 3913 24 March March NNP 34823 3913 25 16 16 CD 34823 3913 26 , , , 34823 3913 27 1909 1909 CD 34823 3913 28 . . . 34823 3914 1 It -PRON- PRP 34823 3914 2 must must MD 34823 3914 3 have have VB 34823 3914 4 run run VBN 34823 3914 5 high high RB 34823 3914 6 into into IN 34823 3914 7 the the DT 34823 3914 8 millions million NNS 34823 3914 9 . . . 34823 3915 1 [ [ -LRB- 34823 3915 2 395 395 CD 34823 3915 3 ] ] -RRB- 34823 3915 4 It -PRON- PRP 34823 3915 5 certainly certainly RB 34823 3915 6 exceeded exceed VBD 34823 3915 7 the the DT 34823 3915 8 two two CD 34823 3915 9 thousands thousand NNS 34823 3915 10 , , , 34823 3915 11 or or CC 34823 3915 12 less less RBR 34823 3915 13 , , , 34823 3915 14 reported report VBN 34823 3915 15 to to IN 34823 3915 16 Kinley Kinley NNP 34823 3915 17 ! ! . 34823 3916 1 The the DT 34823 3916 2 figures figure NNS 34823 3916 3 for for IN 34823 3916 4 New New NNP 34823 3916 5 York York NNP 34823 3916 6 were be VBD 34823 3916 7 , , , 34823 3916 8 thus thus RB 34823 3916 9 , , , 34823 3916 10 incomplete incomplete JJ 34823 3916 11 . . . 34823 3917 1 But but CC 34823 3917 2 the the DT 34823 3917 3 trust trust NN 34823 3917 4 companies company NNS 34823 3917 5 were be VBD 34823 3917 6 also also RB 34823 3917 7 incomplete incomplete JJ 34823 3917 8 . . . 34823 3918 1 The the DT 34823 3918 2 national national JJ 34823 3918 3 banks bank NNS 34823 3918 4 in in IN 34823 3918 5 New New NNP 34823 3918 6 York York NNP 34823 3918 7 reported report VBD 34823 3918 8 checks check NNS 34823 3918 9 totaling total VBG 34823 3918 10 186.5 186.5 CD 34823 3918 11 millions million NNS 34823 3918 12 , , , 34823 3918 13 for for IN 34823 3918 14 all all DT 34823 3918 15 three three CD 34823 3918 16 classes class NNS 34823 3918 17 of of IN 34823 3918 18 deposits deposit NNS 34823 3918 19 ; ; : 34823 3918 20 the the DT 34823 3918 21 State State NNP 34823 3918 22 banks bank NNS 34823 3918 23 reported report VBD 34823 3918 24 only only RB 34823 3918 25 38.1 38.1 CD 34823 3918 26 millions million NNS 34823 3918 27 ; ; : 34823 3918 28 the the DT 34823 3918 29 trust trust NN 34823 3918 30 companies company NNS 34823 3918 31 only only RB 34823 3918 32 14.2 14.2 CD 34823 3918 33 millions million NNS 34823 3918 34 . . . 34823 3919 1 With with IN 34823 3919 2 aggregate aggregate JJ 34823 3919 3 deposits deposit NNS 34823 3919 4 , , , 34823 3919 5 as as IN 34823 3919 6 shown show VBN 34823 3919 7 by by IN 34823 3919 8 their -PRON- PRP$ 34823 3919 9 balance balance NN 34823 3919 10 sheets sheet NNS 34823 3919 11 , , , 34823 3919 12 exceeding exceed VBG 34823 3919 13 the the DT 34823 3919 14 deposits deposit NNS 34823 3919 15 of of IN 34823 3919 16 national national JJ 34823 3919 17 banks[396 banks[396 NN 34823 3919 18 ] ] -RRB- 34823 3919 19 the the DT 34823 3919 20 New New NNP 34823 3919 21 York York NNP 34823 3919 22 City City NNP 34823 3919 23 trust trust NN 34823 3919 24 companies company NNS 34823 3919 25 reported report VBD 34823 3919 26 , , , 34823 3919 27 as as IN 34823 3919 28 deposited deposit VBN 34823 3919 29 on on IN 34823 3919 30 March March NNP 34823 3919 31 16 16 CD 34823 3919 32 , , , 34823 3919 33 1909 1909 CD 34823 3919 34 , , , 34823 3919 35 less less JJR 34823 3919 36 than than IN 34823 3919 37 half half DT 34823 3919 38 as as RB 34823 3919 39 much much JJ 34823 3919 40 as as IN 34823 3919 41 the the DT 34823 3919 42 State State NNP 34823 3919 43 banks bank NNS 34823 3919 44 , , , 34823 3919 45 less less JJR 34823 3919 46 than than IN 34823 3919 47 a a DT 34823 3919 48 tenth tenth NN 34823 3919 49 as as RB 34823 3919 50 much much RB 34823 3919 51 as as IN 34823 3919 52 the the DT 34823 3919 53 national national JJ 34823 3919 54 banks bank NNS 34823 3919 55 , , , 34823 3919 56 and and CC 34823 3919 57 only only RB 34823 3919 58 6.8 6.8 CD 34823 3919 59 % % NN 34823 3919 60 of of IN 34823 3919 61 the the DT 34823 3919 62 two two CD 34823 3919 63 combined--5.9 combined--5.9 CD 34823 3919 64 % % NN 34823 3919 65 of of IN 34823 3919 66 the the DT 34823 3919 67 total total NN 34823 3919 68 from from IN 34823 3919 69 all all DT 34823 3919 70 three three CD 34823 3919 71 classes class NNS 34823 3919 72 of of IN 34823 3919 73 institutions institution NNS 34823 3919 74 ! ! . 34823 3920 1 These these DT 34823 3920 2 figures figure NNS 34823 3920 3 are be VBP 34823 3920 4 hard hard JJ 34823 3920 5 to to TO 34823 3920 6 reconcile reconcile VB 34823 3920 7 with with IN 34823 3920 8 the the DT 34823 3920 9 assumption assumption NN 34823 3920 10 that that IN 34823 3920 11 the the DT 34823 3920 12 trust trust NN 34823 3920 13 companies company NNS 34823 3920 14 in in IN 34823 3920 15 New New NNP 34823 3920 16 York York NNP 34823 3920 17 were be VBD 34823 3920 18 complete complete JJ 34823 3920 19 on on IN 34823 3920 20 that that DT 34823 3920 21 date date NN 34823 3920 22 . . . 34823 3921 1 It -PRON- PRP 34823 3921 2 is be VBZ 34823 3921 3 , , , 34823 3921 4 of of IN 34823 3921 5 course course NN 34823 3921 6 , , , 34823 3921 7 possible possible JJ 34823 3921 8 that that IN 34823 3921 9 the the DT 34823 3921 10 trust trust NN 34823 3921 11 companies company NNS 34823 3921 12 , , , 34823 3921 13 though though IN 34823 3921 14 having have VBG 34823 3921 15 large large JJ 34823 3921 16 deposits deposit NNS 34823 3921 17 , , , 34823 3921 18 have have VBP 34823 3921 19 inactive inactive JJ 34823 3921 20 deposits deposit NNS 34823 3921 21 . . . 34823 3922 1 This this DT 34823 3922 2 is be VBZ 34823 3922 3 sometimes sometimes RB 34823 3922 4 held hold VBN 34823 3922 5 to to TO 34823 3922 6 be be VB 34823 3922 7 the the DT 34823 3922 8 case case NN 34823 3922 9 . . . 34823 3923 1 But but CC 34823 3923 2 that that IN 34823 3923 3 the the DT 34823 3923 4 difference difference NN 34823 3923 5 is be VBZ 34823 3923 6 so so RB 34823 3923 7 great great JJ 34823 3923 8 in in IN 34823 3923 9 activity activity NN 34823 3923 10 of of IN 34823 3923 11 deposit deposit NN 34823 3923 12 accounts account NNS 34823 3923 13 between between IN 34823 3923 14 banks bank NNS 34823 3923 15 and and CC 34823 3923 16 trust trust NN 34823 3923 17 companies company NNS 34823 3923 18 is be VBZ 34823 3923 19 hardly hardly RB 34823 3923 20 credible credible JJ 34823 3923 21 . . . 34823 3924 1 I -PRON- PRP 34823 3924 2 have have VBP 34823 3924 3 looked look VBN 34823 3924 4 into into IN 34823 3924 5 this this DT 34823 3924 6 matter matter NN 34823 3924 7 with with IN 34823 3924 8 considerable considerable JJ 34823 3924 9 care care NN 34823 3924 10 , , , 34823 3924 11 and and CC 34823 3924 12 have have VBP 34823 3924 13 secured secure VBN 34823 3924 14 information information NN 34823 3924 15 and and CC 34823 3924 16 opinions opinion NNS 34823 3924 17 from from IN 34823 3924 18 men man NNS 34823 3924 19 intimately intimately RB 34823 3924 20 acquainted acquaint VBD 34823 3924 21 with with IN 34823 3924 22 the the DT 34823 3924 23 trust trust NN 34823 3924 24 companies company NNS 34823 3924 25 of of IN 34823 3924 26 New New NNP 34823 3924 27 York York NNP 34823 3924 28 from from IN 34823 3924 29 the the DT 34823 3924 30 inside inside NN 34823 3924 31 . . . 34823 3925 1 The the DT 34823 3925 2 only only JJ 34823 3925 3 available available JJ 34823 3925 4 quantitative quantitative JJ 34823 3925 5 measure measure NN 34823 3925 6 of of IN 34823 3925 7 the the DT 34823 3925 8 activity activity NN 34823 3925 9 of of IN 34823 3925 10 deposits deposit NNS 34823 3925 11 would would MD 34823 3925 12 seem seem VB 34823 3925 13 to to TO 34823 3925 14 be be VB 34823 3925 15 the the DT 34823 3925 16 volume volume NN 34823 3925 17 of of IN 34823 3925 18 a a DT 34823 3925 19 bank bank NN 34823 3925 20 's 's POS 34823 3925 21 clearings clearing NNS 34823 3925 22 . . . 34823 3926 1 This this DT 34823 3926 2 is be VBZ 34823 3926 3 not not RB 34823 3926 4 perfectly perfectly RB 34823 3926 5 accurate accurate JJ 34823 3926 6 , , , 34823 3926 7 by by IN 34823 3926 8 any any DT 34823 3926 9 means mean NNS 34823 3926 10 , , , 34823 3926 11 but but CC 34823 3926 12 it -PRON- PRP 34823 3926 13 is be VBZ 34823 3926 14 the the DT 34823 3926 15 best well RBS 34823 3926 16 available available JJ 34823 3926 17 test test NN 34823 3926 18 . . . 34823 3927 1 Through through IN 34823 3927 2 the the DT 34823 3927 3 courtesy courtesy NN 34823 3927 4 of of IN 34823 3927 5 a a DT 34823 3927 6 Vice Vice NNP 34823 3927 7 President President NNP 34823 3927 8 of of IN 34823 3927 9 one one CD 34823 3927 10 of of IN 34823 3927 11 the the DT 34823 3927 12 largest large JJS 34823 3927 13 New New NNP 34823 3927 14 York York NNP 34823 3927 15 trust trust NN 34823 3927 16 companies company NNS 34823 3927 17 , , , 34823 3927 18 I -PRON- PRP 34823 3927 19 have have VBP 34823 3927 20 obtained obtain VBN 34823 3927 21 figures figure NNS 34823 3927 22 from from IN 34823 3927 23 an an DT 34823 3927 24 official official NN 34823 3927 25 of of IN 34823 3927 26 the the DT 34823 3927 27 Clearing Clearing NNP 34823 3927 28 House House NNP 34823 3927 29 , , , 34823 3927 30 which which WDT 34823 3927 31 show show VBP 34823 3927 32 that that IN 34823 3927 33 in in IN 34823 3927 34 New New NNP 34823 3927 35 York York NNP 34823 3927 36 trust trust NN 34823 3927 37 company company NN 34823 3927 38 clearings clearing NNS 34823 3927 39 run run VBN 34823 3927 40 from from IN 34823 3927 41 20 20 CD 34823 3927 42 to to TO 34823 3927 43 25 25 CD 34823 3927 44 % % NN 34823 3927 45 of of IN 34823 3927 46 the the DT 34823 3927 47 whole whole NN 34823 3927 48 . . . 34823 3928 1 On on IN 34823 3928 2 this this DT 34823 3928 3 basis basis NN 34823 3928 4 , , , 34823 3928 5 the the DT 34823 3928 6 trust trust NN 34823 3928 7 company company NN 34823 3928 8 figures figure VBZ 34823 3928 9 for for IN 34823 3928 10 1909 1909 CD 34823 3928 11 were be VBD 34823 3928 12 incomplete incomplete JJ 34823 3928 13 to to IN 34823 3928 14 the the DT 34823 3928 15 extent extent NN 34823 3928 16 of of IN 34823 3928 17 from from IN 34823 3928 18 33 33 CD 34823 3928 19 millions million NNS 34823 3928 20 to to IN 34823 3928 21 46 46 CD 34823 3928 22 millions million NNS 34823 3928 23 , , , 34823 3928 24 on on IN 34823 3928 25 the the DT 34823 3928 26 day day NN 34823 3928 27 in in IN 34823 3928 28 question question NN 34823 3928 29 . . . 34823 3929 1 These these DT 34823 3929 2 clearings clearing NNS 34823 3929 3 figures figure NNS 34823 3929 4 , , , 34823 3929 5 however however RB 34823 3929 6 , , , 34823 3929 7 are be VBP 34823 3929 8 for for IN 34823 3929 9 the the DT 34823 3929 10 year year NN 34823 3929 11 , , , 34823 3929 12 1915 1915 CD 34823 3929 13 , , , 34823 3929 14 and and CC 34823 3929 15 not not RB 34823 3929 16 for for IN 34823 3929 17 the the DT 34823 3929 18 period period NN 34823 3929 19 before before IN 34823 3929 20 May May NNP 34823 3929 21 , , , 34823 3929 22 1911 1911 CD 34823 3929 23 , , , 34823 3929 24 when when WRB 34823 3929 25 the the DT 34823 3929 26 trust trust NN 34823 3929 27 companies company NNS 34823 3929 28 were be VBD 34823 3929 29 admitted admit VBN 34823 3929 30 to to IN 34823 3929 31 the the DT 34823 3929 32 Clearing Clearing NNP 34823 3929 33 House House NNP 34823 3929 34 . . . 34823 3930 1 Prior prior RB 34823 3930 2 to to IN 34823 3930 3 that that DT 34823 3930 4 time time NN 34823 3930 5 they -PRON- PRP 34823 3930 6 did do VBD 34823 3930 7 not not RB 34823 3930 8 deal deal VB 34823 3930 9 directly directly RB 34823 3930 10 with with IN 34823 3930 11 the the DT 34823 3930 12 Clearing Clearing NNP 34823 3930 13 House House NNP 34823 3930 14 , , , 34823 3930 15 but but CC 34823 3930 16 _ _ NNP 34823 3930 17 through through IN 34823 3930 18 _ _ NNP 34823 3930 19 the the DT 34823 3930 20 member member NN 34823 3930 21 banks bank NNS 34823 3930 22 . . . 34823 3931 1 Do do VBP 34823 3931 2 these these DT 34823 3931 3 figures figure NNS 34823 3931 4 , , , 34823 3931 5 therefore therefore RB 34823 3931 6 , , , 34823 3931 7 represent represent VB 34823 3931 8 the the DT 34823 3931 9 situation situation NN 34823 3931 10 as as IN 34823 3931 11 it -PRON- PRP 34823 3931 12 existed exist VBD 34823 3931 13 in in IN 34823 3931 14 1909 1909 CD 34823 3931 15 ? ? . 34823 3932 1 The the DT 34823 3932 2 possibility possibility NN 34823 3932 3 was be VBD 34823 3932 4 entertained entertain VBN 34823 3932 5 that that IN 34823 3932 6 entering enter VBG 34823 3932 7 the the DT 34823 3932 8 Clearing Clearing NNP 34823 3932 9 House House NNP 34823 3932 10 had have VBD 34823 3932 11 made make VBN 34823 3932 12 a a DT 34823 3932 13 difference difference NN 34823 3932 14 in in IN 34823 3932 15 the the DT 34823 3932 16 reserve reserve NN 34823 3932 17 policy policy NN 34823 3932 18 of of IN 34823 3932 19 the the DT 34823 3932 20 trust trust NN 34823 3932 21 companies company NNS 34823 3932 22 , , , 34823 3932 23 and and CC 34823 3932 24 so so RB 34823 3932 25 had have VBD 34823 3932 26 made make VBN 34823 3932 27 them -PRON- PRP 34823 3932 28 change change VB 34823 3932 29 the the DT 34823 3932 30 character character NN 34823 3932 31 of of IN 34823 3932 32 their -PRON- PRP$ 34823 3932 33 business business NN 34823 3932 34 , , , 34823 3932 35 in in IN 34823 3932 36 such such PDT 34823 3932 37 a a DT 34823 3932 38 way way NN 34823 3932 39 as as IN 34823 3932 40 to to TO 34823 3932 41 bring bring VB 34823 3932 42 about about RP 34823 3932 43 greater great JJR 34823 3932 44 activity activity NN 34823 3932 45 of of IN 34823 3932 46 accounts account NNS 34823 3932 47 . . . 34823 3933 1 This this DT 34823 3933 2 question question NN 34823 3933 3 was be VBD 34823 3933 4 put put VBN 34823 3933 5 to to IN 34823 3933 6 the the DT 34823 3933 7 official official NN 34823 3933 8 of of IN 34823 3933 9 the the DT 34823 3933 10 trust trust NN 34823 3933 11 company company NN 34823 3933 12 before before IN 34823 3933 13 mentioned mention VBN 34823 3933 14 , , , 34823 3933 15 and and CC 34823 3933 16 his -PRON- PRP$ 34823 3933 17 reply reply NN 34823 3933 18 is be VBZ 34823 3933 19 that that IN 34823 3933 20 the the DT 34823 3933 21 State State NNP 34823 3933 22 law law NN 34823 3933 23 regarding regard VBG 34823 3933 24 reserves reserve NNS 34823 3933 25 ( ( -LRB- 34823 3933 26 passed pass VBN 34823 3933 27 after after IN 34823 3933 28 the the DT 34823 3933 29 Panic Panic NNP 34823 3933 30 of of IN 34823 3933 31 1907 1907 CD 34823 3933 32 ) ) -RRB- 34823 3933 33 had have VBD 34823 3933 34 already already RB 34823 3933 35 brought bring VBN 34823 3933 36 about about RP 34823 3933 37 this this DT 34823 3933 38 change change NN 34823 3933 39 in in IN 34823 3933 40 reserve reserve NN 34823 3933 41 policy policy NN 34823 3933 42 , , , 34823 3933 43 and and CC 34823 3933 44 so so RB 34823 3933 45 no no DT 34823 3933 46 difference difference NN 34823 3933 47 was be VBD 34823 3933 48 made make VBN 34823 3933 49 upon upon IN 34823 3933 50 entering enter VBG 34823 3933 51 the the DT 34823 3933 52 Clearing Clearing NNP 34823 3933 53 House House NNP 34823 3933 54 . . . 34823 3934 1 The the DT 34823 3934 2 same same JJ 34823 3934 3 gentleman gentleman NN 34823 3934 4 , , , 34823 3934 5 by by IN 34823 3934 6 the the DT 34823 3934 7 way way NN 34823 3934 8 , , , 34823 3934 9 replying reply VBG 34823 3934 10 to to IN 34823 3934 11 a a DT 34823 3934 12 question question NN 34823 3934 13 regarding regard VBG 34823 3934 14 the the DT 34823 3934 15 deposits deposit NNS 34823 3934 16 in in IN 34823 3934 17 private private JJ 34823 3934 18 banks bank NNS 34823 3934 19 in in IN 34823 3934 20 New New NNP 34823 3934 21 York York NNP 34823 3934 22 , , , 34823 3934 23 and and CC 34823 3934 24 the the DT 34823 3934 25 influence influence NN 34823 3934 26 of of IN 34823 3934 27 such such JJ 34823 3934 28 deposits deposit NNS 34823 3934 29 on on IN 34823 3934 30 clearings clearing NNS 34823 3934 31 , , , 34823 3934 32 writes write VBZ 34823 3934 33 : : : 34823 3934 34 " " `` 34823 3934 35 The the DT 34823 3934 36 actual actual JJ 34823 3934 37 figures figure NNS 34823 3934 38 could could MD 34823 3934 39 not not RB 34823 3934 40 be be VB 34823 3934 41 obtained obtain VBN 34823 3934 42 from from IN 34823 3934 43 the the DT 34823 3934 44 Clearing Clearing NNP 34823 3934 45 House House NNP 34823 3934 46 ... ... : 34823 3934 47 , , , 34823 3934 48 consequently consequently RB 34823 3934 49 can can MD 34823 3934 50 only only RB 34823 3934 51 say say VB 34823 3934 52 that that IN 34823 3934 53 deposits deposit NNS 34823 3934 54 made make VBN 34823 3934 55 with with IN 34823 3934 56 these these DT 34823 3934 57 houses house NNS 34823 3934 58 add add VB 34823 3934 59 to to IN 34823 3934 60 the the DT 34823 3934 61 Clearing Clearing NNP 34823 3934 62 House House NNP 34823 3934 63 totals total VBZ 34823 3934 64 very very RB 34823 3934 65 large large JJ 34823 3934 66 sums sum NNS 34823 3934 67 . . . 34823 3934 68 " " '' 34823 3935 1 There there EX 34823 3935 2 is be VBZ 34823 3935 3 one one CD 34823 3935 4 piece piece NN 34823 3935 5 of of IN 34823 3935 6 evidence evidence NN 34823 3935 7 which which WDT 34823 3935 8 would would MD 34823 3935 9 seem seem VB 34823 3935 10 to to IN 34823 3935 11 negative negative JJ 34823 3935 12 these these DT 34823 3935 13 conclusions conclusion NNS 34823 3935 14 regarding regard VBG 34823 3935 15 the the DT 34823 3935 16 trust trust NN 34823 3935 17 companies company NNS 34823 3935 18 . . . 34823 3936 1 In in IN 34823 3936 2 the the DT 34823 3936 3 Report Report NNP 34823 3936 4 of of IN 34823 3936 5 the the DT 34823 3936 6 New New NNP 34823 3936 7 York York NNP 34823 3936 8 State State NNP 34823 3936 9 Superintendent Superintendent NNP 34823 3936 10 of of IN 34823 3936 11 Banks Banks NNPS 34823 3936 12 , , , 34823 3936 13 for for IN 34823 3936 14 Dec. December NNP 34823 3936 15 31 31 CD 34823 3936 16 , , , 34823 3936 17 1907 1907 CD 34823 3936 18 , , , 34823 3936 19 p. p. NN 34823 3936 20 xxxv xxxv NNP 34823 3936 21 , , , 34823 3936 22 is be VBZ 34823 3936 23 a a DT 34823 3936 24 statement statement NN 34823 3936 25 that that IN 34823 3936 26 during during IN 34823 3936 27 the the DT 34823 3936 28 two two CD 34823 3936 29 years year NNS 34823 3936 30 , , , 34823 3936 31 1903 1903 CD 34823 3936 32 - - SYM 34823 3936 33 05 05 CD 34823 3936 34 , , , 34823 3936 35 the the DT 34823 3936 36 trust trust NN 34823 3936 37 companies company NNS 34823 3936 38 of of IN 34823 3936 39 New New NNP 34823 3936 40 York York NNP 34823 3936 41 cleared clear VBD 34823 3936 42 only only RB 34823 3936 43 7 7 CD 34823 3936 44 % % NN 34823 3936 45 as as RB 34823 3936 46 much much JJ 34823 3936 47 as as IN 34823 3936 48 the the DT 34823 3936 49 banks bank NNS 34823 3936 50 . . . 34823 3937 1 The the DT 34823 3937 2 statement statement NN 34823 3937 3 relates relate VBZ 34823 3937 4 , , , 34823 3937 5 however however RB 34823 3937 6 , , , 34823 3937 7 to to IN 34823 3937 8 a a DT 34823 3937 9 period period NN 34823 3937 10 during during IN 34823 3937 11 which which WDT 34823 3937 12 the the DT 34823 3937 13 trust trust NN 34823 3937 14 companies company NNS 34823 3937 15 not not RB 34823 3937 16 only only RB 34823 3937 17 had have VBD 34823 3937 18 no no DT 34823 3937 19 Clearing Clearing NNP 34823 3937 20 House House NNP 34823 3937 21 membership membership NN 34823 3937 22 , , , 34823 3937 23 which which WDT 34823 3937 24 of of IN 34823 3937 25 course course NN 34823 3937 26 was be VBD 34823 3937 27 true true JJ 34823 3937 28 up up IN 34823 3937 29 to to IN 34823 3937 30 1911 1911 CD 34823 3937 31 , , , 34823 3937 32 but but CC 34823 3937 33 also also RB 34823 3937 34 had have VBD 34823 3937 35 largely largely RB 34823 3937 36 withdrawn withdraw VBN 34823 3937 37 from from IN 34823 3937 38 the the DT 34823 3937 39 privilege privilege NN 34823 3937 40 of of IN 34823 3937 41 clearing clear VBG 34823 3937 42 _ _ NNP 34823 3937 43 through through IN 34823 3937 44 _ _ NNP 34823 3937 45 member member NN 34823 3937 46 banks bank NNS 34823 3937 47 . . . 34823 3938 1 [ [ -LRB- 34823 3938 2 397 397 CD 34823 3938 3 ] ] -RRB- 34823 3938 4 Under under IN 34823 3938 5 these these DT 34823 3938 6 circumstances circumstance NNS 34823 3938 7 , , , 34823 3938 8 even even RB 34823 3938 9 7 7 CD 34823 3938 10 % % NN 34823 3938 11 would would MD 34823 3938 12 seem seem VB 34823 3938 13 quite quite RB 34823 3938 14 high high JJ 34823 3938 15 . . . 34823 3939 1 Inquiry inquiry NN 34823 3939 2 was be VBD 34823 3939 3 made make VBN 34823 3939 4 of of IN 34823 3939 5 the the DT 34823 3939 6 Honorable honorable JJ 34823 3939 7 Clark Clark NNP 34823 3939 8 Williams Williams NNP 34823 3939 9 , , , 34823 3939 10 who who WP 34823 3939 11 was be VBD 34823 3939 12 State State NNP 34823 3939 13 Superintendent Superintendent NNP 34823 3939 14 of of IN 34823 3939 15 Banks Banks NNPS 34823 3939 16 at at IN 34823 3939 17 the the DT 34823 3939 18 time time NN 34823 3939 19 the the DT 34823 3939 20 report report NN 34823 3939 21 was be VBD 34823 3939 22 made make VBN 34823 3939 23 , , , 34823 3939 24 as as IN 34823 3939 25 to to IN 34823 3939 26 the the DT 34823 3939 27 source source NN 34823 3939 28 of of IN 34823 3939 29 the the DT 34823 3939 30 figures figure NNS 34823 3939 31 . . . 34823 3940 1 [ [ -LRB- 34823 3940 2 398 398 CD 34823 3940 3 ] ] -RRB- 34823 3940 4 Mr. Mr. NNP 34823 3940 5 Williams Williams NNP 34823 3940 6 , , , 34823 3940 7 in in IN 34823 3940 8 reply reply NN 34823 3940 9 , , , 34823 3940 10 defends defend VBZ 34823 3940 11 the the DT 34823 3940 12 figures figure NNS 34823 3940 13 as as IN 34823 3940 14 correct correct JJ 34823 3940 15 for for IN 34823 3940 16 that that DT 34823 3940 17 period period NN 34823 3940 18 , , , 34823 3940 19 but but CC 34823 3940 20 authorizes authorize VBZ 34823 3940 21 the the DT 34823 3940 22 writer writer NN 34823 3940 23 to to TO 34823 3940 24 quote quote VB 34823 3940 25 him -PRON- PRP 34823 3940 26 as as IN 34823 3940 27 in in IN 34823 3940 28 no no DT 34823 3940 29 way way NN 34823 3940 30 surprised surprised JJ 34823 3940 31 at at IN 34823 3940 32 the the DT 34823 3940 33 percentages percentage NNS 34823 3940 34 given give VBN 34823 3940 35 above above RB 34823 3940 36 , , , 34823 3940 37 20 20 CD 34823 3940 38 to to TO 34823 3940 39 25 25 CD 34823 3940 40 % % NN 34823 3940 41 of of IN 34823 3940 42 the the DT 34823 3940 43 total total JJ 34823 3940 44 clearings clearing NNS 34823 3940 45 , , , 34823 3940 46 in in IN 34823 3940 47 view view NN 34823 3940 48 of of IN 34823 3940 49 developments development NNS 34823 3940 50 and and CC 34823 3940 51 changes change NNS 34823 3940 52 in in IN 34823 3940 53 trust trust NN 34823 3940 54 company company NN 34823 3940 55 business business NN 34823 3940 56 . . . 34823 3941 1 I -PRON- PRP 34823 3941 2 conclude conclude VBP 34823 3941 3 that that IN 34823 3941 4 the the DT 34823 3941 5 trust trust NN 34823 3941 6 company company NN 34823 3941 7 figures figure VBZ 34823 3941 8 for for IN 34823 3941 9 March March NNP 34823 3941 10 16 16 CD 34823 3941 11 , , , 34823 3941 12 1909 1909 CD 34823 3941 13 , , , 34823 3941 14 were be VBD 34823 3941 15 exceedingly exceedingly RB 34823 3941 16 incomplete incomplete JJ 34823 3941 17 . . . 34823 3942 1 The the DT 34823 3942 2 national national JJ 34823 3942 3 bank bank NN 34823 3942 4 figures figure NNS 34823 3942 5 were be VBD 34823 3942 6 probably probably RB 34823 3942 7 more more RBR 34823 3942 8 nearly nearly RB 34823 3942 9 complete complete JJ 34823 3942 10 than than IN 34823 3942 11 any any DT 34823 3942 12 others other NNS 34823 3942 13 , , , 34823 3942 14 first first RB 34823 3942 15 because because IN 34823 3942 16 they -PRON- PRP 34823 3942 17 are be VBP 34823 3942 18 large large JJ 34823 3942 19 , , , 34823 3942 20 and and CC 34823 3942 21 second second RB 34823 3942 22 , , , 34823 3942 23 because because IN 34823 3942 24 national national JJ 34823 3942 25 banks bank NNS 34823 3942 26 would would MD 34823 3942 27 feel feel VB 34823 3942 28 more more JJR 34823 3942 29 obligation obligation NN 34823 3942 30 than than IN 34823 3942 31 other other JJ 34823 3942 32 banks bank NNS 34823 3942 33 to to TO 34823 3942 34 reply reply VB 34823 3942 35 to to IN 34823 3942 36 questions question NNS 34823 3942 37 from from IN 34823 3942 38 the the DT 34823 3942 39 Comptroller Comptroller NNP 34823 3942 40 . . . 34823 3943 1 The the DT 34823 3943 2 State State NNP 34823 3943 3 bank bank NN 34823 3943 4 figures figure NNS 34823 3943 5 , , , 34823 3943 6 38.1 38.1 CD 34823 3943 7 millions million NNS 34823 3943 8 , , , 34823 3943 9 as as IN 34823 3943 10 against against IN 34823 3943 11 national national JJ 34823 3943 12 bank bank NNP 34823 3943 13 figures figure NNS 34823 3943 14 of of IN 34823 3943 15 186.5 186.5 CD 34823 3943 16 millions million NNS 34823 3943 17 , , , 34823 3943 18 were be VBD 34823 3943 19 probably probably RB 34823 3943 20 incomplete incomplete JJ 34823 3943 21 also also RB 34823 3943 22 , , , 34823 3943 23 to to IN 34823 3943 24 a a DT 34823 3943 25 considerable considerable JJ 34823 3943 26 extent extent NN 34823 3943 27 , , , 34823 3943 28 though though IN 34823 3943 29 State state NN 34823 3943 30 banks bank NNS 34823 3943 31 are be VBP 34823 3943 32 not not RB 34823 3943 33 dominating dominate VBG 34823 3943 34 factors factor NNS 34823 3943 35 in in IN 34823 3943 36 New New NNP 34823 3943 37 York York NNP 34823 3943 38 City City NNP 34823 3943 39 . . . 34823 3944 1 That that IN 34823 3944 2 they -PRON- PRP 34823 3944 3 should should MD 34823 3944 4 exceed exceed VB 34823 3944 5 the the DT 34823 3944 6 figures figure NNS 34823 3944 7 for for IN 34823 3944 8 trust trust NN 34823 3944 9 companies company NNS 34823 3944 10 is be VBZ 34823 3944 11 surely surely RB 34823 3944 12 evidence evidence NN 34823 3944 13 of of IN 34823 3944 14 the the DT 34823 3944 15 incompleteness incompleteness NN 34823 3944 16 of of IN 34823 3944 17 the the DT 34823 3944 18 trust trust NN 34823 3944 19 company company NN 34823 3944 20 figures figure VBZ 34823 3944 21 . . . 34823 3945 1 The the DT 34823 3945 2 private private JJ 34823 3945 3 banks bank NNS 34823 3945 4 are be VBP 34823 3945 5 incomplete incomplete JJ 34823 3945 6 , , , 34823 3945 7 with with IN 34823 3945 8 absolute absolute JJ 34823 3945 9 certainty certainty NN 34823 3945 10 , , , 34823 3945 11 since since IN 34823 3945 12 they -PRON- PRP 34823 3945 13 are be VBP 34823 3945 14 virtually virtually RB 34823 3945 15 not not RB 34823 3945 16 represented represent VBN 34823 3945 17 at at RB 34823 3945 18 all all RB 34823 3945 19 . . . 34823 3946 1 Further further JJ 34823 3946 2 evidence evidence NN 34823 3946 3 that that IN 34823 3946 4 the the DT 34823 3946 5 New New NNP 34823 3946 6 York York NNP 34823 3946 7 figures figure NNS 34823 3946 8 were be VBD 34823 3946 9 incomplete incomplete JJ 34823 3946 10 , , , 34823 3946 11 however however RB 34823 3946 12 , , , 34823 3946 13 will will MD 34823 3946 14 appear appear VB 34823 3946 15 in in IN 34823 3946 16 the the DT 34823 3946 17 data datum NNS 34823 3946 18 regarding regard VBG 34823 3946 19 our -PRON- PRP$ 34823 3946 20 second second JJ 34823 3946 21 thesis thesis NN 34823 3946 22 , , , 34823 3946 23 namely namely RB 34823 3946 24 , , , 34823 3946 25 that that IN 34823 3946 26 New New NNP 34823 3946 27 York York NNP 34823 3946 28 clearings clearing NNS 34823 3946 29 do do VBP 34823 3946 30 not not RB 34823 3946 31 overcount overcount VB 34823 3946 32 New New NNP 34823 3946 33 York York NNP 34823 3946 34 check check NN 34823 3946 35 deposits deposit NNS 34823 3946 36 . . . 34823 3947 1 The the DT 34823 3947 2 aggregate aggregate JJ 34823 3947 3 check check NN 34823 3947 4 deposits deposit NNS 34823 3947 5 reported report VBN 34823 3947 6 from from IN 34823 3947 7 New New NNP 34823 3947 8 York York NNP 34823 3947 9 , , , 34823 3947 10 on on IN 34823 3947 11 the the DT 34823 3947 12 date date NN 34823 3947 13 in in IN 34823 3947 14 question question NN 34823 3947 15 , , , 34823 3947 16 is be VBZ 34823 3947 17 239 239 CD 34823 3947 18 millions million NNS 34823 3947 19 . . . 34823 3948 1 Clearings clearing NNS 34823 3948 2 for for IN 34823 3948 3 that that DT 34823 3948 4 day day NN 34823 3948 5 were be VBD 34823 3948 6 268 268 CD 34823 3948 7 millions,[399 millions,[399 NNS 34823 3948 8 ] ] -RRB- 34823 3948 9 substantially substantially RB 34823 3948 10 exceeding exceed VBG 34823 3948 11 the the DT 34823 3948 12 reported reported JJ 34823 3948 13 check check NN 34823 3948 14 deposits deposit NNS 34823 3948 15 . . . 34823 3949 1 Now now RB 34823 3949 2 do do VBP 34823 3949 3 clearings clearing NNS 34823 3949 4 exceed exceed VBP 34823 3949 5 check check NN 34823 3949 6 deposits deposit NNS 34823 3949 7 in in IN 34823 3949 8 New New NNP 34823 3949 9 York York NNP 34823 3949 10 City City NNP 34823 3949 11 ? ? . 34823 3950 1 Evidence evidence NN 34823 3950 2 with with IN 34823 3950 3 reference reference NN 34823 3950 4 to to IN 34823 3950 5 outside outside JJ 34823 3950 6 clearings clearing NNS 34823 3950 7 , , , 34823 3950 8 in in IN 34823 3950 9 connection connection NN 34823 3950 10 with with IN 34823 3950 11 bank bank NN 34823 3950 12 transactions transaction NNS 34823 3950 13 , , , 34823 3950 14 we -PRON- PRP 34823 3950 15 now now RB 34823 3950 16 have have VBP 34823 3950 17 in in IN 34823 3950 18 very very RB 34823 3950 19 definite definite JJ 34823 3950 20 and and CC 34823 3950 21 abundant abundant JJ 34823 3950 22 form form NN 34823 3950 23 , , , 34823 3950 24 and and CC 34823 3950 25 it -PRON- PRP 34823 3950 26 will will MD 34823 3950 27 be be VB 34823 3950 28 convenient convenient JJ 34823 3950 29 to to TO 34823 3950 30 approach approach VB 34823 3950 31 the the DT 34823 3950 32 question question NN 34823 3950 33 of of IN 34823 3950 34 New New NNP 34823 3950 35 York York NNP 34823 3950 36 clearings clearing NNS 34823 3950 37 , , , 34823 3950 38 first first RB 34823 3950 39 , , , 34823 3950 40 indirectly indirectly RB 34823 3950 41 , , , 34823 3950 42 _ _ NNP 34823 3950 43 via via IN 34823 3950 44 _ _ NNP 34823 3950 45 country country NN 34823 3950 46 clearings clearing NNS 34823 3950 47 . . . 34823 3951 1 We -PRON- PRP 34823 3951 2 shall shall MD 34823 3951 3 , , , 34823 3951 4 therefore therefore RB 34823 3951 5 , , , 34823 3951 6 take take VB 34823 3951 7 up up RP 34823 3951 8 first first RB 34823 3951 9 the the DT 34823 3951 10 thesis thesis NN 34823 3951 11 that that IN 34823 3951 12 clearings clearing NNS 34823 3951 13 outside outside IN 34823 3951 14 New New NNP 34823 3951 15 York York NNP 34823 3951 16 do do VBP 34823 3951 17 not not RB 34823 3951 18 undercount undercount VB 34823 3951 19 bank bank NN 34823 3951 20 deposits deposit NNS 34823 3951 21 outside outside IN 34823 3951 22 New New NNP 34823 3951 23 York York NNP 34823 3951 24 nearly nearly RB 34823 3951 25 as as RB 34823 3951 26 much much RB 34823 3951 27 as as IN 34823 3951 28 Professor Professor NNP 34823 3951 29 Fisher Fisher NNP 34823 3951 30 thinks think VBZ 34823 3951 31 . . . 34823 3952 1 According accord VBG 34823 3952 2 to to IN 34823 3952 3 his -PRON- PRP$ 34823 3952 4 estimate estimate NN 34823 3952 5 , , , 34823 3952 6 checks check NNS 34823 3952 7 deposited deposit VBN 34823 3952 8 during during IN 34823 3952 9 the the DT 34823 3952 10 year year NN 34823 3952 11 in in IN 34823 3952 12 banks bank NNS 34823 3952 13 outside outside IN 34823 3952 14 New New NNP 34823 3952 15 York York NNP 34823 3952 16 ( ( -LRB- 34823 3952 17 exclusive exclusive JJ 34823 3952 18 of of IN 34823 3952 19 checks check NNS 34823 3952 20 deposited deposit VBN 34823 3952 21 by by IN 34823 3952 22 one one CD 34823 3952 23 bank bank NN 34823 3952 24 in in IN 34823 3952 25 another another DT 34823 3952 26 ) ) -RRB- 34823 3952 27 were be VBD 34823 3952 28 271 271 CD 34823 3952 29 billions billion NNS 34823 3952 30 . . . 34823 3953 1 ( ( -LRB- 34823 3953 2 _ _ NNP 34823 3953 3 Loc Loc NNP 34823 3953 4 . . . 34823 3954 1 cit cit NNP 34823 3954 2 . . . 34823 3954 3 _ _ NNP 34823 3954 4 , , , 34823 3954 5 446 446 CD 34823 3954 6 . . . 34823 3954 7 ) ) -RRB- 34823 3955 1 Outside outside JJ 34823 3955 2 clearings clearing NNS 34823 3955 3 were be VBD 34823 3955 4 only only RB 34823 3955 5 62 62 CD 34823 3955 6 billions billion NNS 34823 3955 7 , , , 34823 3955 8 and and CC 34823 3955 9 his -PRON- PRP$ 34823 3955 10 conclusion conclusion NN 34823 3955 11 is be VBZ 34823 3955 12 that that IN 34823 3955 13 the the DT 34823 3955 14 ratio ratio NN 34823 3955 15 of of IN 34823 3955 16 deposits deposit NNS 34823 3955 17 to to IN 34823 3955 18 clearings clearing NNS 34823 3955 19 is be VBZ 34823 3955 20 4.4 4.4 CD 34823 3955 21 to to TO 34823 3955 22 1 1 CD 34823 3955 23 , , , 34823 3955 24 or or CC 34823 3955 25 , , , 34823 3955 26 in in IN 34823 3955 27 other other JJ 34823 3955 28 words word NNS 34823 3955 29 , , , 34823 3955 30 that that IN 34823 3955 31 outside outside JJ 34823 3955 32 clearings clearing NNS 34823 3955 33 amount amount VBP 34823 3955 34 to to IN 34823 3955 35 less less JJR 34823 3955 36 than than IN 34823 3955 37 22.8 22.8 CD 34823 3955 38 % % NN 34823 3955 39 of of IN 34823 3955 40 outside outside JJ 34823 3955 41 check check NN 34823 3955 42 deposits deposit NNS 34823 3955 43 . . . 34823 3956 1 Now now RB 34823 3956 2 an an DT 34823 3956 3 extensive extensive JJ 34823 3956 4 investigation investigation NN 34823 3956 5 , , , 34823 3956 6 covering cover VBG 34823 3956 7 the the DT 34823 3956 8 period period NN 34823 3956 9 from from IN 34823 3956 10 June June NNP 34823 3956 11 , , , 34823 3956 12 1913 1913 CD 34823 3956 13 , , , 34823 3956 14 to to IN 34823 3956 15 Oct. October NNP 34823 3956 16 1914 1914 CD 34823 3956 17 , , , 34823 3956 18 inclusive inclusive JJ 34823 3956 19 , , , 34823 3956 20 has have VBZ 34823 3956 21 been be VBN 34823 3956 22 made make VBN 34823 3956 23 by by IN 34823 3956 24 the the DT 34823 3956 25 American American NNP 34823 3956 26 Bankers Bankers NNPS 34823 3956 27 ' ' POS 34823 3956 28 Association Association NNP 34823 3956 29 , , , 34823 3956 30 through through IN 34823 3956 31 Mr. Mr. NNP 34823 3956 32 O. O. NNP 34823 3956 33 Howard Howard NNP 34823 3956 34 Wolfe Wolfe NNP 34823 3956 35 , , , 34823 3956 36 Secretary Secretary NNP 34823 3956 37 of of IN 34823 3956 38 the the DT 34823 3956 39 Clearing Clearing NNP 34823 3956 40 House House NNP 34823 3956 41 Section Section NNP 34823 3956 42 . . . 34823 3957 1 This this DT 34823 3957 2 investigation investigation NN 34823 3957 3 covered cover VBD 34823 3957 4 cities city NNS 34823 3957 5 of of IN 34823 3957 6 various various JJ 34823 3957 7 sizes size NNS 34823 3957 8 , , , 34823 3957 9 in in IN 34823 3957 10 various various JJ 34823 3957 11 parts part NNS 34823 3957 12 of of IN 34823 3957 13 the the DT 34823 3957 14 country country NN 34823 3957 15 . . . 34823 3958 1 Its -PRON- PRP$ 34823 3958 2 results result NNS 34823 3958 3 are be VBP 34823 3958 4 immensely immensely RB 34823 3958 5 more more RBR 34823 3958 6 trustworthy trustworthy JJ 34823 3958 7 than than IN 34823 3958 8 any any DT 34823 3958 9 results result NNS 34823 3958 10 based base VBN 34823 3958 11 on on IN 34823 3958 12 a a DT 34823 3958 13 single single JJ 34823 3958 14 day day NN 34823 3958 15 , , , 34823 3958 16 as as IN 34823 3958 17 Professor Professor NNP 34823 3958 18 Fisher Fisher NNP 34823 3958 19 's 's POS 34823 3958 20 results result NNS 34823 3958 21 are be VBP 34823 3958 22 , , , 34823 3958 23 could could MD 34823 3958 24 be be VB 34823 3958 25 , , , 34823 3958 26 even even RB 34823 3958 27 had have VBD 34823 3958 28 Professor Professor NNP 34823 3958 29 Fisher Fisher NNP 34823 3958 30 's 's POS 34823 3958 31 method method NN 34823 3958 32 been be VBN 34823 3958 33 otherwise otherwise RB 34823 3958 34 correct correct JJ 34823 3958 35 . . . 34823 3959 1 An an DT 34823 3959 2 account account NN 34823 3959 3 of of IN 34823 3959 4 this this DT 34823 3959 5 investigation investigation NN 34823 3959 6 is be VBZ 34823 3959 7 to to TO 34823 3959 8 be be VB 34823 3959 9 found find VBN 34823 3959 10 in in IN 34823 3959 11 the the DT 34823 3959 12 _ _ NNP 34823 3959 13 Annalist Annalist NNP 34823 3959 14 _ _ NNP 34823 3959 15 of of IN 34823 3959 16 Dec. December NNP 34823 3959 17 7 7 CD 34823 3959 18 , , , 34823 3959 19 1914 1914 CD 34823 3959 20 . . . 34823 3960 1 [ [ -LRB- 34823 3960 2 400 400 CD 34823 3960 3 ] ] -RRB- 34823 3960 4 This this DT 34823 3960 5 investigation investigation NN 34823 3960 6 involves involve VBZ 34823 3960 7 , , , 34823 3960 8 for for IN 34823 3960 9 the the DT 34823 3960 10 period period NN 34823 3960 11 in in IN 34823 3960 12 question question NN 34823 3960 13 , , , 34823 3960 14 a a DT 34823 3960 15 comparison comparison NN 34823 3960 16 of of IN 34823 3960 17 " " `` 34823 3960 18 total total JJ 34823 3960 19 bank bank NN 34823 3960 20 transactions transaction NNS 34823 3960 21 " " '' 34823 3960 22 in in IN 34823 3960 23 each each DT 34823 3960 24 city city NN 34823 3960 25 with with IN 34823 3960 26 the the DT 34823 3960 27 clearings clearing NNS 34823 3960 28 of of IN 34823 3960 29 that that DT 34823 3960 30 city city NN 34823 3960 31 , , , 34823 3960 32 together together RB 34823 3960 33 with with IN 34823 3960 34 a a DT 34823 3960 35 summary summary NN 34823 3960 36 covering cover VBG 34823 3960 37 all all PDT 34823 3960 38 the the DT 34823 3960 39 cities city NNS 34823 3960 40 . . . 34823 3961 1 " " `` 34823 3961 2 Total total JJ 34823 3961 3 bank bank NN 34823 3961 4 transactions transaction NNS 34823 3961 5 " " `` 34823 3961 6 consist consist NN 34823 3961 7 of of IN 34823 3961 8 all all DT 34823 3961 9 debits debit NNS 34823 3961 10 against against IN 34823 3961 11 deposit deposit NN 34823 3961 12 liabilities liability NNS 34823 3961 13 of of IN 34823 3961 14 each each DT 34823 3961 15 member member NN 34823 3961 16 of of IN 34823 3961 17 the the DT 34823 3961 18 Clearing Clearing NNP 34823 3961 19 House House NNP 34823 3961 20 , , , 34823 3961 21 whether whether IN 34823 3961 22 they -PRON- PRP 34823 3961 23 come come VBP 34823 3961 24 through through IN 34823 3961 25 the the DT 34823 3961 26 Clearing Clearing NNP 34823 3961 27 House House NNP 34823 3961 28 or or CC 34823 3961 29 over over IN 34823 3961 30 the the DT 34823 3961 31 counter counter NN 34823 3961 32 . . . 34823 3962 1 They -PRON- PRP 34823 3962 2 include include VBP 34823 3962 3 payrolls payroll NNS 34823 3962 4 , , , 34823 3962 5 for for IN 34823 3962 6 example example NN 34823 3962 7 , , , 34823 3962 8 which which WDT 34823 3962 9 , , , 34823 3962 10 of of IN 34823 3962 11 course course NN 34823 3962 12 , , , 34823 3962 13 never never RB 34823 3962 14 get get VB 34823 3962 15 into into IN 34823 3962 16 clearings clearing NNS 34823 3962 17 . . . 34823 3963 1 They -PRON- PRP 34823 3963 2 include include VBP 34823 3963 3 drafts draft NNS 34823 3963 4 on on IN 34823 3963 5 deposits deposit NNS 34823 3963 6 of of IN 34823 3963 7 one one CD 34823 3963 8 bank bank NN 34823 3963 9 in in IN 34823 3963 10 another another DT 34823 3963 11 . . . 34823 3964 1 In in IN 34823 3964 2 a a DT 34823 3964 3 letter letter NN 34823 3964 4 to to IN 34823 3964 5 the the DT 34823 3964 6 Editor Editor NNP 34823 3964 7 of of IN 34823 3964 8 the the DT 34823 3964 9 _ _ NNP 34823 3964 10 Annalist Annalist NNP 34823 3964 11 _ _ NNP 34823 3964 12 , , , 34823 3964 13 Mr. Mr. NNP 34823 3964 14 Wolfe Wolfe NNP 34823 3964 15 states state VBZ 34823 3964 16 that that IN 34823 3964 17 " " `` 34823 3964 18 total total JJ 34823 3964 19 bank bank NN 34823 3964 20 transactions transaction NNS 34823 3964 21 include include VBP 34823 3964 22 all all DT 34823 3964 23 debits debit NNS 34823 3964 24 against against IN 34823 3964 25 deposit deposit NN 34823 3964 26 liabilities liability NNS 34823 3964 27 , , , 34823 3964 28 whether whether IN 34823 3964 29 by by IN 34823 3964 30 check check NN 34823 3964 31 , , , 34823 3964 32 draft draft NN 34823 3964 33 or or CC 34823 3964 34 charge charge NN 34823 3964 35 ticket ticket NN 34823 3964 36 . . . 34823 3965 1 The the DT 34823 3965 2 only only JJ 34823 3965 3 exceptions exception NNS 34823 3965 4 are be VBP 34823 3965 5 certified certify VBN 34823 3965 6 checks check NNS 34823 3965 7 and and CC 34823 3965 8 certain certain JJ 34823 3965 9 cashier cashier NN 34823 3965 10 's 's POS 34823 3965 11 checks check NNS 34823 3965 12 , , , 34823 3965 13 both both DT 34823 3965 14 of of IN 34823 3965 15 which which WDT 34823 3965 16 to to IN 34823 3965 17 an an DT 34823 3965 18 extent extent NN 34823 3965 19 represent represent VB 34823 3965 20 a a DT 34823 3965 21 duplication duplication NN 34823 3965 22 . . . 34823 3965 23 " " '' 34823 3966 1 For for IN 34823 3966 2 the the DT 34823 3966 3 period period NN 34823 3966 4 in in IN 34823 3966 5 question question NN 34823 3966 6 , , , 34823 3966 7 clearings clearing NNS 34823 3966 8 amounted amount VBD 34823 3966 9 , , , 34823 3966 10 on on IN 34823 3966 11 the the DT 34823 3966 12 average average NN 34823 3966 13 , , , 34823 3966 14 for for IN 34823 3966 15 all all DT 34823 3966 16 cities city NNS 34823 3966 17 , , , 34823 3966 18 to to IN 34823 3966 19 40 40 CD 34823 3966 20 % % NN 34823 3966 21 of of IN 34823 3966 22 " " `` 34823 3966 23 total total JJ 34823 3966 24 transactions transaction NNS 34823 3966 25 . . . 34823 3966 26 " " '' 34823 3967 1 The the DT 34823 3967 2 cities city NNS 34823 3967 3 did do VBD 34823 3967 4 not not RB 34823 3967 5 include include VB 34823 3967 6 New New NNP 34823 3967 7 York York NNP 34823 3967 8 City City NNP 34823 3967 9 , , , 34823 3967 10 as as IN 34823 3967 11 stated state VBN 34823 3967 12 . . . 34823 3968 1 Now now RB 34823 3968 2 we -PRON- PRP 34823 3968 3 can can MD 34823 3968 4 not not RB 34823 3968 5 apply apply VB 34823 3968 6 this this DT 34823 3968 7 40 40 CD 34823 3968 8 % % NN 34823 3968 9 at at IN 34823 3968 10 once once RB 34823 3968 11 to to IN 34823 3968 12 the the DT 34823 3968 13 question question NN 34823 3968 14 in in IN 34823 3968 15 hand hand NN 34823 3968 16 . . . 34823 3969 1 Professor Professor NNP 34823 3969 2 Fisher Fisher NNP 34823 3969 3 's 's POS 34823 3969 4 22.8 22.8 CD 34823 3969 5 % % NN 34823 3969 6 relates relate VBZ 34823 3969 7 to to IN 34823 3969 8 the the DT 34823 3969 9 relation relation NN 34823 3969 10 between between IN 34823 3969 11 clearings clearing NNS 34823 3969 12 and and CC 34823 3969 13 checks check NNS 34823 3969 14 and and CC 34823 3969 15 drafts draft NNS 34823 3969 16 _ _ NNP 34823 3969 17 deposited deposit VBD 34823 3969 18 _ _ NNP 34823 3969 19 , , , 34823 3969 20 _ _ NNP 34823 3969 21 excluding exclude VBG 34823 3969 22 _ _ NNP 34823 3969 23 items item NNS 34823 3969 24 deposited deposit VBN 34823 3969 25 by by IN 34823 3969 26 banks bank NNS 34823 3969 27 , , , 34823 3969 28 and and CC 34823 3969 29 excluding exclude VBG 34823 3969 30 , , , 34823 3969 31 of of IN 34823 3969 32 course course NN 34823 3969 33 , , , 34823 3969 34 cash cash NN 34823 3969 35 deposited deposit VBN 34823 3969 36 . . . 34823 3970 1 What what WP 34823 3970 2 is be VBZ 34823 3970 3 the the DT 34823 3970 4 relation relation NN 34823 3970 5 between between IN 34823 3970 6 Kinley Kinley NNP 34823 3970 7 's 's POS 34823 3970 8 " " `` 34823 3970 9 deposits deposit NNS 34823 3970 10 " " '' 34823 3970 11 and and CC 34823 3970 12 Wolfe Wolfe NNP 34823 3970 13 's 's POS 34823 3970 14 " " `` 34823 3970 15 total total JJ 34823 3970 16 transactions transaction NNS 34823 3970 17 " " '' 34823 3970 18 ? ? . 34823 3971 1 It -PRON- PRP 34823 3971 2 is be VBZ 34823 3971 3 clear clear JJ 34823 3971 4 that that IN 34823 3971 5 " " `` 34823 3971 6 total total JJ 34823 3971 7 transactions transaction NNS 34823 3971 8 " " '' 34823 3971 9 must must MD 34823 3971 10 , , , 34823 3971 11 in in IN 34823 3971 12 a a DT 34823 3971 13 period period NN 34823 3971 14 of of IN 34823 3971 15 time time NN 34823 3971 16 , , , 34823 3971 17 _ _ NNP 34823 3971 18 exceed exceed VBP 34823 3971 19 _ _ NNP 34823 3971 20 Kinley Kinley NNP 34823 3971 21 's 's POS 34823 3971 22 " " `` 34823 3971 23 deposits deposit NNS 34823 3971 24 " " '' 34823 3971 25 very very RB 34823 3971 26 considerably considerably RB 34823 3971 27 . . . 34823 3972 1 In in IN 34823 3972 2 a a DT 34823 3972 3 general general JJ 34823 3972 4 way way NN 34823 3972 5 , , , 34823 3972 6 what what WP 34823 3972 7 goes go VBZ 34823 3972 8 out out IN 34823 3972 9 of of IN 34823 3972 10 a a DT 34823 3972 11 bank bank NN 34823 3972 12 , , , 34823 3972 13 and and CC 34823 3972 14 what what WP 34823 3972 15 comes come VBZ 34823 3972 16 into into IN 34823 3972 17 a a DT 34823 3972 18 bank bank NN 34823 3972 19 , , , 34823 3972 20 must must MD 34823 3972 21 approximately approximately RB 34823 3972 22 equal equal VB 34823 3972 23 one one NN 34823 3972 24 another another DT 34823 3972 25 in in IN 34823 3972 26 a a DT 34823 3972 27 period period NN 34823 3972 28 of of IN 34823 3972 29 time time NN 34823 3972 30 . . . 34823 3973 1 In in IN 34823 3973 2 a a DT 34823 3973 3 general general JJ 34823 3973 4 way way NN 34823 3973 5 , , , 34823 3973 6 a a DT 34823 3973 7 depositor depositor NN 34823 3973 8 finds find VBZ 34823 3973 9 his -PRON- PRP$ 34823 3973 10 income income NN 34823 3973 11 and and CC 34823 3973 12 his -PRON- PRP$ 34823 3973 13 outgo outgo NN 34823 3973 14 balancing balance VBG 34823 3973 15 . . . 34823 3974 1 Of of RB 34823 3974 2 course course RB 34823 3974 3 , , , 34823 3974 4 some some DT 34823 3974 5 accumulate accumulate NN 34823 3974 6 , , , 34823 3974 7 paying pay VBG 34823 3974 8 in in IN 34823 3974 9 more more JJR 34823 3974 10 than than IN 34823 3974 11 they -PRON- PRP 34823 3974 12 withdrew withdraw VBD 34823 3974 13 , , , 34823 3974 14 but but CC 34823 3974 15 in in IN 34823 3974 16 general general JJ 34823 3974 17 such such JJ 34823 3974 18 accounts account NNS 34823 3974 19 are be VBP 34823 3974 20 made make VBN 34823 3974 21 with with IN 34823 3974 22 savings saving NNS 34823 3974 23 banks bank NNS 34823 3974 24 . . . 34823 3975 1 The the DT 34823 3975 2 business business NN 34823 3975 3 man man NN 34823 3975 4 borrows borrow VBZ 34823 3975 5 from from IN 34823 3975 6 his -PRON- PRP$ 34823 3975 7 bank bank NN 34823 3975 8 , , , 34823 3975 9 getting get VBG 34823 3975 10 a a DT 34823 3975 11 " " `` 34823 3975 12 deposit deposit NN 34823 3975 13 credit credit NN 34823 3975 14 " " '' 34823 3975 15 ( ( -LRB- 34823 3975 16 without without IN 34823 3975 17 " " `` 34823 3975 18 depositing depositing NN 34823 3975 19 " " '' 34823 3975 20 in in IN 34823 3975 21 Kinley Kinley NNP 34823 3975 22 's 's POS 34823 3975 23 sense sense NN 34823 3975 24 ) ) -RRB- 34823 3975 25 , , , 34823 3975 26 then then RB 34823 3975 27 checks check VBZ 34823 3975 28 against against IN 34823 3975 29 his -PRON- PRP$ 34823 3975 30 " " `` 34823 3975 31 deposit deposit NN 34823 3975 32 , , , 34823 3975 33 " " '' 34823 3975 34 then then RB 34823 3975 35 receives receive VBZ 34823 3975 36 checks check NNS 34823 3975 37 in in IN 34823 3975 38 payments payment NNS 34823 3975 39 to to IN 34823 3975 40 himself -PRON- PRP 34823 3975 41 , , , 34823 3975 42 " " `` 34823 3975 43 deposits deposit VBZ 34823 3975 44 " " '' 34823 3975 45 them -PRON- PRP 34823 3975 46 , , , 34823 3975 47 building build VBG 34823 3975 48 up up RP 34823 3975 49 his -PRON- PRP$ 34823 3975 50 deposit deposit NN 34823 3975 51 balance balance NN 34823 3975 52 again again RB 34823 3975 53 , , , 34823 3975 54 and and CC 34823 3975 55 then then RB 34823 3975 56 checks check VBZ 34823 3975 57 against against IN 34823 3975 58 his -PRON- PRP$ 34823 3975 59 deposit deposit NN 34823 3975 60 balance balance NN 34823 3975 61 , , , 34823 3975 62 in in IN 34823 3975 63 favor favor NN 34823 3975 64 of of IN 34823 3975 65 the the DT 34823 3975 66 bank bank NN 34823 3975 67 , , , 34823 3975 68 to to TO 34823 3975 69 pay pay VB 34823 3975 70 off off RP 34823 3975 71 his -PRON- PRP$ 34823 3975 72 loan loan NN 34823 3975 73 . . . 34823 3976 1 What what WP 34823 3976 2 comes come VBZ 34823 3976 3 in in RB 34823 3976 4 and and CC 34823 3976 5 what what WP 34823 3976 6 goes go VBZ 34823 3976 7 out out RP 34823 3976 8 -- -- : 34823 3976 9 abstracting abstract VBG 34823 3976 10 from from IN 34823 3976 11 the the DT 34823 3976 12 growth growth NN 34823 3976 13 of of IN 34823 3976 14 a a DT 34823 3976 15 rapidly rapidly RB 34823 3976 16 expanding expand VBG 34823 3976 17 bank bank NN 34823 3976 18 -- -- : 34823 3976 19 balance balance NN 34823 3976 20 . . . 34823 3977 1 But but CC 34823 3977 2 notice notice VB 34823 3977 3 , , , 34823 3977 4 in in IN 34823 3977 5 the the DT 34823 3977 6 case case NN 34823 3977 7 cited cite VBN 34823 3977 8 above above RB 34823 3977 9 , , , 34823 3977 10 that that IN 34823 3977 11 " " `` 34823 3977 12 total total JJ 34823 3977 13 transactions transaction NNS 34823 3977 14 " " '' 34823 3977 15 include include VBP 34823 3977 16 more more JJR 34823 3977 17 items item NNS 34823 3977 18 than than IN 34823 3977 19 Kinley Kinley NNP 34823 3977 20 's 's POS 34823 3977 21 " " `` 34823 3977 22 deposits deposit NNS 34823 3977 23 " " '' 34823 3977 24 show show NN 34823 3977 25 . . . 34823 3978 1 When when WRB 34823 3978 2 the the DT 34823 3978 3 bank bank NN 34823 3978 4 makes make VBZ 34823 3978 5 a a DT 34823 3978 6 loan loan NN 34823 3978 7 , , , 34823 3978 8 and and CC 34823 3978 9 gives give VBZ 34823 3978 10 a a DT 34823 3978 11 deposit deposit NN 34823 3978 12 credit credit NN 34823 3978 13 , , , 34823 3978 14 this this DT 34823 3978 15 does do VBZ 34823 3978 16 not not RB 34823 3978 17 , , , 34823 3978 18 usually usually RB 34823 3978 19 , , , 34823 3978 20 show show VBP 34823 3978 21 in in IN 34823 3978 22 Kinley Kinley NNP 34823 3978 23 's 's POS 34823 3978 24 deposits deposit NNS 34823 3978 25 . . . 34823 3979 1 When when WRB 34823 3979 2 , , , 34823 3979 3 however however RB 34823 3979 4 , , , 34823 3979 5 the the DT 34823 3979 6 loan loan NN 34823 3979 7 is be VBZ 34823 3979 8 paid pay VBN 34823 3979 9 off off RP 34823 3979 10 by by IN 34823 3979 11 a a DT 34823 3979 12 check check NN 34823 3979 13 to to IN 34823 3979 14 the the DT 34823 3979 15 bank bank NN 34823 3979 16 , , , 34823 3979 17 it -PRON- PRP 34823 3979 18 does do VBZ 34823 3979 19 show show VB 34823 3979 20 in in IN 34823 3979 21 " " `` 34823 3979 22 total total JJ 34823 3979 23 transactions transaction NNS 34823 3979 24 . . . 34823 3979 25 " " '' 34823 3980 1 Moreover moreover RB 34823 3980 2 , , , 34823 3980 3 when when WRB 34823 3980 4 a a DT 34823 3980 5 man man NN 34823 3980 6 deposits deposit VBZ 34823 3980 7 cash cash NN 34823 3980 8 in in IN 34823 3980 9 the the DT 34823 3980 10 bank bank NN 34823 3980 11 , , , 34823 3980 12 it -PRON- PRP 34823 3980 13 does do VBZ 34823 3980 14 not not RB 34823 3980 15 show show VB 34823 3980 16 in in IN 34823 3980 17 Kinley Kinley NNP 34823 3980 18 's 's POS 34823 3980 19 figures figure NNS 34823 3980 20 for for IN 34823 3980 21 checks check NNS 34823 3980 22 deposited deposit VBN 34823 3980 23 . . . 34823 3981 1 When when WRB 34823 3981 2 , , , 34823 3981 3 however however RB 34823 3981 4 , , , 34823 3981 5 he -PRON- PRP 34823 3981 6 withdraws withdraw VBZ 34823 3981 7 cash cash NN 34823 3981 8 from from IN 34823 3981 9 the the DT 34823 3981 10 bank bank NN 34823 3981 11 , , , 34823 3981 12 or or CC 34823 3981 13 his -PRON- PRP$ 34823 3981 14 check check NN 34823 3981 15 to to IN 34823 3981 16 another another DT 34823 3981 17 is be VBZ 34823 3981 18 " " `` 34823 3981 19 cashed cash VBN 34823 3981 20 , , , 34823 3981 21 " " '' 34823 3981 22 it -PRON- PRP 34823 3981 23 does do VBZ 34823 3981 24 appear appear VB 34823 3981 25 in in IN 34823 3981 26 " " `` 34823 3981 27 total total JJ 34823 3981 28 transactions transaction NNS 34823 3981 29 . . . 34823 3981 30 " " '' 34823 3982 1 Further further RB 34823 3982 2 , , , 34823 3982 3 checks check NNS 34823 3982 4 deposited deposit VBN 34823 3982 5 to to IN 34823 3982 6 the the DT 34823 3982 7 credit credit NN 34823 3982 8 of of IN 34823 3982 9 one one CD 34823 3982 10 bank bank NN 34823 3982 11 in in IN 34823 3982 12 another another DT 34823 3982 13 do do VBP 34823 3982 14 not not RB 34823 3982 15 appear appear VB 34823 3982 16 in in IN 34823 3982 17 Kinley Kinley NNP 34823 3982 18 's 's POS 34823 3982 19 figures figure NNS 34823 3982 20 . . . 34823 3983 1 Checks check NNS 34823 3983 2 drawn draw VBN 34823 3983 3 , , , 34823 3983 4 however however RB 34823 3983 5 , , , 34823 3983 6 by by IN 34823 3983 7 one one CD 34823 3983 8 bank bank NN 34823 3983 9 on on IN 34823 3983 10 another another DT 34823 3983 11 do do VBP 34823 3983 12 appear appear VB 34823 3983 13 in in IN 34823 3983 14 total total JJ 34823 3983 15 transactions transaction NNS 34823 3983 16 . . . 34823 3984 1 How how WRB 34823 3984 2 great great JJ 34823 3984 3 the the DT 34823 3984 4 difference difference NN 34823 3984 5 is be VBZ 34823 3984 6 between between IN 34823 3984 7 " " `` 34823 3984 8 total total JJ 34823 3984 9 transactions transaction NNS 34823 3984 10 " " '' 34823 3984 11 and and CC 34823 3984 12 " " `` 34823 3984 13 deposits deposit NNS 34823 3984 14 " " '' 34823 3984 15 in in IN 34823 3984 16 the the DT 34823 3984 17 banks bank NNS 34823 3984 18 outside outside IN 34823 3984 19 New New NNP 34823 3984 20 York York NNP 34823 3984 21 we -PRON- PRP 34823 3984 22 can can MD 34823 3984 23 not not RB 34823 3984 24 say say VB 34823 3984 25 precisely precisely RB 34823 3984 26 . . . 34823 3985 1 The the DT 34823 3985 2 cash cash NN 34823 3985 3 items item NNS 34823 3985 4 alone alone RB 34823 3985 5 , , , 34823 3985 6 on on IN 34823 3985 7 the the DT 34823 3985 8 basis basis NN 34823 3985 9 of of IN 34823 3985 10 Kinley Kinley NNP 34823 3985 11 's 's POS 34823 3985 12 figures figure NNS 34823 3985 13 , , , 34823 3985 14 would would MD 34823 3985 15 make make VB 34823 3985 16 a a DT 34823 3985 17 difference difference NN 34823 3985 18 of of IN 34823 3985 19 about about IN 34823 3985 20 9 9 CD 34823 3985 21 % % NN 34823 3985 22 . . . 34823 3986 1 [ [ -LRB- 34823 3986 2 401 401 CD 34823 3986 3 ] ] -RRB- 34823 3986 4 To to TO 34823 3986 5 allow allow VB 34823 3986 6 11 11 CD 34823 3986 7 % % NN 34823 3986 8 excess excess JJ 34823 3986 9 to to IN 34823 3986 10 " " `` 34823 3986 11 total total JJ 34823 3986 12 transactions transaction NNS 34823 3986 13 " " '' 34823 3986 14 over over IN 34823 3986 15 " " `` 34823 3986 16 deposits deposit NNS 34823 3986 17 " " '' 34823 3986 18 for for IN 34823 3986 19 the the DT 34823 3986 20 other other JJ 34823 3986 21 reasons reason NNS 34823 3986 22 listed list VBN 34823 3986 23 , , , 34823 3986 24 is be VBZ 34823 3986 25 surely surely RB 34823 3986 26 not not RB 34823 3986 27 to to TO 34823 3986 28 make make VB 34823 3986 29 an an DT 34823 3986 30 exaggerated exaggerated JJ 34823 3986 31 allowance allowance NN 34823 3986 32 . . . 34823 3987 1 We -PRON- PRP 34823 3987 2 thus thus RB 34823 3987 3 count count VBP 34823 3987 4 " " `` 34823 3987 5 deposits deposit NNS 34823 3987 6 " " '' 34823 3987 7 in in IN 34823 3987 8 Kinley Kinley NNP 34823 3987 9 's 's POS 34823 3987 10 sense sense NN 34823 3987 11 , , , 34823 3987 12 for for IN 34823 3987 13 the the DT 34823 3987 14 banks bank NNS 34823 3987 15 outside outside IN 34823 3987 16 New New NNP 34823 3987 17 York York NNP 34823 3987 18 City City NNP 34823 3987 19 , , , 34823 3987 20 as as IN 34823 3987 21 80 80 CD 34823 3987 22 % % NN 34823 3987 23 of of IN 34823 3987 24 " " `` 34823 3987 25 total total JJ 34823 3987 26 transactions transaction NNS 34823 3987 27 . . . 34823 3987 28 " " '' 34823 3988 1 Since since IN 34823 3988 2 , , , 34823 3988 3 then then RB 34823 3988 4 , , , 34823 3988 5 clearings clearing NNS 34823 3988 6 are be VBP 34823 3988 7 40 40 CD 34823 3988 8 % % NN 34823 3988 9 of of IN 34823 3988 10 " " `` 34823 3988 11 total total JJ 34823 3988 12 transactions transaction NNS 34823 3988 13 , , , 34823 3988 14 " " `` 34823 3988 15 they -PRON- PRP 34823 3988 16 will will MD 34823 3988 17 be be VB 34823 3988 18 50 50 CD 34823 3988 19 % % NN 34823 3988 20 of of IN 34823 3988 21 " " `` 34823 3988 22 deposits deposit NNS 34823 3988 23 . . . 34823 3988 24 " " '' 34823 3989 1 This this DT 34823 3989 2 figure figure NN 34823 3989 3 is be VBZ 34823 3989 4 more more JJR 34823 3989 5 than than IN 34823 3989 6 twice twice RB 34823 3989 7 as as RB 34823 3989 8 great great JJ 34823 3989 9 as as IN 34823 3989 10 Professor Professor NNP 34823 3989 11 Fisher Fisher NNP 34823 3989 12 's 's POS 34823 3989 13 figure figure NN 34823 3989 14 of of IN 34823 3989 15 22.8 22.8 CD 34823 3989 16 % % NN 34823 3989 17 . . . 34823 3990 1 Even even RB 34823 3990 2 if if IN 34823 3990 3 we -PRON- PRP 34823 3990 4 counted count VBD 34823 3990 5 deposits deposit NNS 34823 3990 6 as as IN 34823 3990 7 equalling equal VBG 34823 3990 8 total total JJ 34823 3990 9 transactions transaction NNS 34823 3990 10 , , , 34823 3990 11 Professor Professor NNP 34823 3990 12 Fisher Fisher NNP 34823 3990 13 's 's POS 34823 3990 14 estimate estimate NN 34823 3990 15 would would MD 34823 3990 16 be be VB 34823 3990 17 clearly clearly RB 34823 3990 18 very very RB 34823 3990 19 much much RB 34823 3990 20 too too RB 34823 3990 21 low low JJ 34823 3990 22 . . . 34823 3991 1 How how WRB 34823 3991 2 , , , 34823 3991 3 then then RB 34823 3991 4 , , , 34823 3991 5 do do VBP 34823 3991 6 we -PRON- PRP 34823 3991 7 stand stand VB 34823 3991 8 ? ? . 34823 3992 1 On on IN 34823 3992 2 Professor Professor NNP 34823 3992 3 Fisher Fisher NNP 34823 3992 4 's 's POS 34823 3992 5 showing showing NN 34823 3992 6 , , , 34823 3992 7 the the DT 34823 3992 8 overwhelming overwhelming JJ 34823 3992 9 bulk bulk NN 34823 3992 10 of of IN 34823 3992 11 checks check NNS 34823 3992 12 deposited deposit VBN 34823 3992 13 were be VBD 34823 3992 14 in in IN 34823 3992 15 the the DT 34823 3992 16 country country NN 34823 3992 17 outside outside IN 34823 3992 18 New New NNP 34823 3992 19 York--271 York--271 NNP 34823 3992 20 billions billion NNS 34823 3992 21 for for IN 34823 3992 22 the the DT 34823 3992 23 year year NN 34823 3992 24 , , , 34823 3992 25 outside outside RB 34823 3992 26 , , , 34823 3992 27 as as IN 34823 3992 28 against against IN 34823 3992 29 93 93 CD 34823 3992 30 billions billion NNS 34823 3992 31 in in IN 34823 3992 32 New New NNP 34823 3992 33 York York NNP 34823 3992 34 City City NNP 34823 3992 35 . . . 34823 3993 1 If if IN 34823 3993 2 the the DT 34823 3993 3 ratio ratio NN 34823 3993 4 ( ( -LRB- 34823 3993 5 50 50 CD 34823 3993 6 % % NN 34823 3993 7 ) ) -RRB- 34823 3993 8 for for IN 34823 3993 9 outside outside JJ 34823 3993 10 clearings clearing NNS 34823 3993 11 to to IN 34823 3993 12 deposits deposit NNS 34823 3993 13 was be VBD 34823 3993 14 the the DT 34823 3993 15 same same JJ 34823 3993 16 for for IN 34823 3993 17 1909 1909 CD 34823 3993 18 that that IN 34823 3993 19 it -PRON- PRP 34823 3993 20 was be VBD 34823 3993 21 in in IN 34823 3993 22 1913 1913 CD 34823 3993 23 - - SYM 34823 3993 24 14 14 CD 34823 3993 25 for for IN 34823 3993 26 the the DT 34823 3993 27 outside outside JJ 34823 3993 28 banks bank NNS 34823 3993 29 , , , 34823 3993 30 we -PRON- PRP 34823 3993 31 shall shall MD 34823 3993 32 have have VB 34823 3993 33 to to TO 34823 3993 34 revise revise VB 34823 3993 35 this this DT 34823 3993 36 radically radically RB 34823 3993 37 . . . 34823 3994 1 We -PRON- PRP 34823 3994 2 have have VBP 34823 3994 3 62 62 CD 34823 3994 4 billions billion NNS 34823 3994 5 of of IN 34823 3994 6 country country NN 34823 3994 7 clearings clearing NNS 34823 3994 8 in in IN 34823 3994 9 1909 1909 CD 34823 3994 10 ; ; : 34823 3994 11 we -PRON- PRP 34823 3994 12 would would MD 34823 3994 13 have have VB 34823 3994 14 , , , 34823 3994 15 then then RB 34823 3994 16 , , , 34823 3994 17 124 124 CD 34823 3994 18 billions[402 billions[402 NN 34823 3994 19 ] ] -RRB- 34823 3994 20 of of IN 34823 3994 21 country country NN 34823 3994 22 check check NN 34823 3994 23 deposits deposit NNS 34823 3994 24 ! ! . 34823 3995 1 If if IN 34823 3995 2 Fisher Fisher NNP 34823 3995 3 's 's POS 34823 3995 4 total total JJ 34823 3995 5 figure figure NN 34823 3995 6 for for IN 34823 3995 7 the the DT 34823 3995 8 country country NN 34823 3995 9 is be VBZ 34823 3995 10 correct correct JJ 34823 3995 11 , , , 34823 3995 12 353 353 CD 34823 3995 13 billions billion NNS 34823 3995 14 as as IN 34823 3995 15 " " `` 34823 3995 16 finally finally RB 34823 3995 17 adjusted adjust VBN 34823 3995 18 , , , 34823 3995 19 " " '' 34823 3995 20 the the DT 34823 3995 21 balance balance NN 34823 3995 22 , , , 34823 3995 23 or or CC 34823 3995 24 229 229 CD 34823 3995 25 billions billion NNS 34823 3995 26 , , , 34823 3995 27 would would MD 34823 3995 28 belong belong VB 34823 3995 29 to to IN 34823 3995 30 New New NNP 34823 3995 31 York York NNP 34823 3995 32 ! ! . 34823 3996 1 New New NNP 34823 3996 2 York York NNP 34823 3996 3 clearings clearing NNS 34823 3996 4 , , , 34823 3996 5 104 104 CD 34823 3996 6 billions billion NNS 34823 3996 7 , , , 34823 3996 8 would would MD 34823 3996 9 thus thus RB 34823 3996 10 be be VB 34823 3996 11 less less JJR 34823 3996 12 than than IN 34823 3996 13 half half NN 34823 3996 14 of of IN 34823 3996 15 New New NNP 34823 3996 16 York York NNP 34823 3996 17 deposits deposit NNS 34823 3996 18 ! ! . 34823 3997 1 If if IN 34823 3997 2 we -PRON- PRP 34823 3997 3 count count VBP 34823 3997 4 outside outside JJ 34823 3997 5 clearings clearing NNS 34823 3997 6 for for IN 34823 3997 7 1909 1909 CD 34823 3997 8 as as IN 34823 3997 9 only only RB 34823 3997 10 40 40 CD 34823 3997 11 % % NN 34823 3997 12 of of IN 34823 3997 13 outside outside JJ 34823 3997 14 check check NN 34823 3997 15 deposits deposit NNS 34823 3997 16 , , , 34823 3997 17 outside outside IN 34823 3997 18 deposits deposit NNS 34823 3997 19 would would MD 34823 3997 20 be be VB 34823 3997 21 , , , 34823 3997 22 for for IN 34823 3997 23 1909 1909 CD 34823 3997 24 , , , 34823 3997 25 only only RB 34823 3997 26 155 155 CD 34823 3997 27 billions billion NNS 34823 3997 28 , , , 34823 3997 29 as as IN 34823 3997 30 against against IN 34823 3997 31 Professor Professor NNP 34823 3997 32 Fisher Fisher NNP 34823 3997 33 's 's POS 34823 3997 34 271 271 CD 34823 3997 35 billions billion NNS 34823 3997 36 , , , 34823 3997 37 _ _ NNP 34823 3997 38 a a DT 34823 3997 39 difference difference NN 34823 3997 40 of of IN 34823 3997 41 116 116 CD 34823 3997 42 billions billion NNS 34823 3997 43 _ _ RB 34823 3997 44 ! ! . 34823 3998 1 I -PRON- PRP 34823 3998 2 am be VBP 34823 3998 3 sure sure JJ 34823 3998 4 that that IN 34823 3998 5 his -PRON- PRP$ 34823 3998 6 error error NN 34823 3998 7 in in IN 34823 3998 8 estimating estimate VBG 34823 3998 9 outside outside IN 34823 3998 10 check check NN 34823 3998 11 deposits deposit NNS 34823 3998 12 is be VBZ 34823 3998 13 at at IN 34823 3998 14 least least JJS 34823 3998 15 as as RB 34823 3998 16 great great JJ 34823 3998 17 as as IN 34823 3998 18 that that DT 34823 3998 19 , , , 34823 3998 20 and and CC 34823 3998 21 that that IN 34823 3998 22 we -PRON- PRP 34823 3998 23 can can MD 34823 3998 24 not not RB 34823 3998 25 assign assign VB 34823 3998 26 to to IN 34823 3998 27 New New NNP 34823 3998 28 York York NNP 34823 3998 29 City City NNP 34823 3998 30 less less JJR 34823 3998 31 than than IN 34823 3998 32 a a DT 34823 3998 33 major major JJ 34823 3998 34 part part NN 34823 3998 35 of of IN 34823 3998 36 the the DT 34823 3998 37 total total JJ 34823 3998 38 check check NN 34823 3998 39 deposits deposit NNS 34823 3998 40 of of IN 34823 3998 41 the the DT 34823 3998 42 whole whole JJ 34823 3998 43 country country NN 34823 3998 44 . . . 34823 3999 1 This this DT 34823 3999 2 result result NN 34823 3999 3 fits fit VBZ 34823 3999 4 in in RP 34823 3999 5 with with IN 34823 3999 6 the the DT 34823 3999 7 figures figure NNS 34823 3999 8 actually actually RB 34823 3999 9 reported report VBN 34823 3999 10 to to IN 34823 3999 11 Dean Dean NNP 34823 3999 12 Kinley Kinley NNP 34823 3999 13 , , , 34823 3999 14 corrected correct VBN 34823 3999 15 to to TO 34823 3999 16 fit fit VB 34823 3999 17 the the DT 34823 3999 18 known know VBN 34823 3999 19 facts fact NNS 34823 3999 20 about about IN 34823 3999 21 March March NNP 34823 3999 22 17 17 CD 34823 3999 23 clearings clearing NNS 34823 3999 24 , , , 34823 3999 25 better well JJR 34823 3999 26 than than IN 34823 3999 27 Professor Professor NNP 34823 3999 28 Fisher Fisher NNP 34823 3999 29 's 's POS 34823 3999 30 estimate estimate NN 34823 3999 31 , , , 34823 3999 32 by by IN 34823 3999 33 a a DT 34823 3999 34 good good JJ 34823 3999 35 margin margin NN 34823 3999 36 . . . 34823 4000 1 According accord VBG 34823 4000 2 to to IN 34823 4000 3 Professor Professor NNP 34823 4000 4 Fisher Fisher NNP 34823 4000 5 's 's POS 34823 4000 6 estimate estimate NN 34823 4000 7 , , , 34823 4000 8 New New NNP 34823 4000 9 York York NNP 34823 4000 10 City City NNP 34823 4000 11 checks check NNS 34823 4000 12 deposited deposit VBN 34823 4000 13 are be VBP 34823 4000 14 only only RB 34823 4000 15 25.5 25.5 CD 34823 4000 16 % % NN 34823 4000 17 of of IN 34823 4000 18 the the DT 34823 4000 19 total total NN 34823 4000 20 . . . 34823 4001 1 Kinley Kinley NNP 34823 4001 2 's 's POS 34823 4001 3 actual actual JJ 34823 4001 4 figures figure NNS 34823 4001 5 give give VBP 34823 4001 6 239 239 CD 34823 4001 7 millions million NNS 34823 4001 8 to to IN 34823 4001 9 New New NNP 34823 4001 10 York York NNP 34823 4001 11 City City NNP 34823 4001 12 , , , 34823 4001 13 and and CC 34823 4001 14 408 408 CD 34823 4001 15 millions million NNS 34823 4001 16 to to IN 34823 4001 17 the the DT 34823 4001 18 country country NN 34823 4001 19 outside outside RB 34823 4001 20 . . . 34823 4002 1 But but CC 34823 4002 2 New New NNP 34823 4002 3 York York NNP 34823 4002 4 clearings clearing NNS 34823 4002 5 were be VBD 34823 4002 6 28 28 CD 34823 4002 7 % % NN 34823 4002 8 below below IN 34823 4002 9 normal normal JJ 34823 4002 10 on on IN 34823 4002 11 March March NNP 34823 4002 12 17 17 CD 34823 4002 13 , , , 34823 4002 14 while while IN 34823 4002 15 country country NN 34823 4002 16 clearings clearing NNS 34823 4002 17 were be VBD 34823 4002 18 only only RB 34823 4002 19 2.45 2.45 CD 34823 4002 20 % % NN 34823 4002 21 below below IN 34823 4002 22 normal normal JJ 34823 4002 23 . . . 34823 4003 1 Adding add VBG 34823 4003 2 28 28 CD 34823 4003 3 % % NN 34823 4003 4 to to IN 34823 4003 5 the the DT 34823 4003 6 figure figure NN 34823 4003 7 for for IN 34823 4003 8 New New NNP 34823 4003 9 York York NNP 34823 4003 10 checks check NNS 34823 4003 11 , , , 34823 4003 12 we -PRON- PRP 34823 4003 13 get get VBP 34823 4003 14 306 306 CD 34823 4003 15 millions million NNS 34823 4003 16 . . . 34823 4004 1 Adding add VBG 34823 4004 2 2.45 2.45 CD 34823 4004 3 % % NN 34823 4004 4 to to IN 34823 4004 5 the the DT 34823 4004 6 outside outside JJ 34823 4004 7 checks check NNS 34823 4004 8 , , , 34823 4004 9 we -PRON- PRP 34823 4004 10 get get VBP 34823 4004 11 418 418 CD 34823 4004 12 millions million NNS 34823 4004 13 . . . 34823 4005 1 Of of IN 34823 4005 2 the the DT 34823 4005 3 total total NN 34823 4005 4 , , , 34823 4005 5 724 724 CD 34823 4005 6 millions million NNS 34823 4005 7 , , , 34823 4005 8 New New NNP 34823 4005 9 York York NNP 34823 4005 10 checks check NNS 34823 4005 11 would would MD 34823 4005 12 be be VB 34823 4005 13 , , , 34823 4005 14 then then RB 34823 4005 15 , , , 34823 4005 16 42.3 42.3 CD 34823 4005 17 % % NN 34823 4005 18 . . . 34823 4006 1 We -PRON- PRP 34823 4006 2 have have VBP 34823 4006 3 shown show VBN 34823 4006 4 reasons reason NNS 34823 4006 5 for for IN 34823 4006 6 considering consider VBG 34823 4006 7 New New NNP 34823 4006 8 York York NNP 34823 4006 9 deposits deposit NNS 34823 4006 10 to to TO 34823 4006 11 be be VB 34823 4006 12 very very RB 34823 4006 13 incomplete incomplete JJ 34823 4006 14 for for IN 34823 4006 15 March March NNP 34823 4006 16 16 16 CD 34823 4006 17 , , , 34823 4006 18 particularly particularly RB 34823 4006 19 as as IN 34823 4006 20 regards regard VBZ 34823 4006 21 the the DT 34823 4006 22 private private JJ 34823 4006 23 banks bank NNS 34823 4006 24 and and CC 34823 4006 25 trust trust NN 34823 4006 26 companies company NNS 34823 4006 27 . . . 34823 4007 1 Comparison comparison NN 34823 4007 2 of of IN 34823 4007 3 the the DT 34823 4007 4 New New NNP 34823 4007 5 York York NNP 34823 4007 6 figures figure NNS 34823 4007 7 with with IN 34823 4007 8 the the DT 34823 4007 9 results result NNS 34823 4007 10 indicated indicate VBN 34823 4007 11 by by IN 34823 4007 12 the the DT 34823 4007 13 ratio ratio NN 34823 4007 14 of of IN 34823 4007 15 country country NN 34823 4007 16 clearings clearing NNS 34823 4007 17 to to IN 34823 4007 18 country country NN 34823 4007 19 deposits deposit NNS 34823 4007 20 would would MD 34823 4007 21 thus thus RB 34823 4007 22 indicate indicate VB 34823 4007 23 that that IN 34823 4007 24 New New NNP 34823 4007 25 York York NNP 34823 4007 26 was be VBD 34823 4007 27 much much RB 34823 4007 28 less less RBR 34823 4007 29 complete complete JJ 34823 4007 30 than than IN 34823 4007 31 the the DT 34823 4007 32 country country NN 34823 4007 33 as as IN 34823 4007 34 a a DT 34823 4007 35 whole whole NN 34823 4007 36 . . . 34823 4008 1 Even even RB 34823 4008 2 so so RB 34823 4008 3 , , , 34823 4008 4 I -PRON- PRP 34823 4008 5 need need VBP 34823 4008 6 to to TO 34823 4008 7 add add VB 34823 4008 8 but but CC 34823 4008 9 7.3 7.3 CD 34823 4008 10 % % NN 34823 4008 11 of of IN 34823 4008 12 the the DT 34823 4008 13 total total NN 34823 4008 14 to to IN 34823 4008 15 Kinley Kinley NNP 34823 4008 16 's 's POS 34823 4008 17 actual actual JJ 34823 4008 18 figures figure NNS 34823 4008 19 for for IN 34823 4008 20 New New NNP 34823 4008 21 York York NNP 34823 4008 22 , , , 34823 4008 23 corrected correct VBN 34823 4008 24 in in IN 34823 4008 25 the the DT 34823 4008 26 light light NN 34823 4008 27 of of IN 34823 4008 28 next next JJ 34823 4008 29 day day NN 34823 4008 30 clearings clearing NNS 34823 4008 31 , , , 34823 4008 32 to to TO 34823 4008 33 give give VB 34823 4008 34 New New NNP 34823 4008 35 York York NNP 34823 4008 36 half half NN 34823 4008 37 of of IN 34823 4008 38 the the DT 34823 4008 39 check check NN 34823 4008 40 deposits deposit NNS 34823 4008 41 . . . 34823 4009 1 Professor Professor NNP 34823 4009 2 Fisher Fisher NNP 34823 4009 3 must must MD 34823 4009 4 subtract subtract VB 34823 4009 5 16.8 16.8 CD 34823 4009 6 % % NN 34823 4009 7 of of IN 34823 4009 8 the the DT 34823 4009 9 total total NN 34823 4009 10 from from IN 34823 4009 11 the the DT 34823 4009 12 actual actual JJ 34823 4009 13 figures figure NNS 34823 4009 14 for for IN 34823 4009 15 New New NNP 34823 4009 16 York York NNP 34823 4009 17 , , , 34823 4009 18 as as IN 34823 4009 19 corrected correct VBN 34823 4009 20 in in IN 34823 4009 21 the the DT 34823 4009 22 light light NN 34823 4009 23 of of IN 34823 4009 24 next next JJ 34823 4009 25 day day NN 34823 4009 26 's 's POS 34823 4009 27 clearings clearing NNS 34823 4009 28 , , , 34823 4009 29 in in IN 34823 4009 30 order order NN 34823 4009 31 to to TO 34823 4009 32 get get VB 34823 4009 33 his -PRON- PRP$ 34823 4009 34 figure figure NN 34823 4009 35 of of IN 34823 4009 36 25.5 25.5 CD 34823 4009 37 % % NN 34823 4009 38 . . . 34823 4010 1 To to TO 34823 4010 2 vary vary VB 34823 4010 3 as as IN 34823 4010 4 widely widely RB 34823 4010 5 from from IN 34823 4010 6 the the DT 34823 4010 7 actually actually RB 34823 4010 8 reported report VBN 34823 4010 9 figures figure NNS 34823 4010 10 as as IN 34823 4010 11 Professor Professor NNP 34823 4010 12 Fisher Fisher NNP 34823 4010 13 does do VBZ 34823 4010 14 , , , 34823 4010 15 I -PRON- PRP 34823 4010 16 should should MD 34823 4010 17 have have VB 34823 4010 18 to to TO 34823 4010 19 assign assign VB 34823 4010 20 59.1 59.1 CD 34823 4010 21 % % NN 34823 4010 22 of of IN 34823 4010 23 total total JJ 34823 4010 24 check check NN 34823 4010 25 deposits deposit NNS 34823 4010 26 to to IN 34823 4010 27 New New NNP 34823 4010 28 York York NNP 34823 4010 29 City City NNP 34823 4010 30 . . . 34823 4011 1 I -PRON- PRP 34823 4011 2 refrain refrain VBP 34823 4011 3 from from IN 34823 4011 4 making make VBG 34823 4011 5 an an DT 34823 4011 6 exact exact JJ 34823 4011 7 estimate estimate NN 34823 4011 8 . . . 34823 4012 1 I -PRON- PRP 34823 4012 2 am be VBP 34823 4012 3 content content JJ 34823 4012 4 with with IN 34823 4012 5 the the DT 34823 4012 6 conclusion conclusion NN 34823 4012 7 that that IN 34823 4012 8 something something NN 34823 4012 9 more more JJR 34823 4012 10 than than IN 34823 4012 11 half half NN 34823 4012 12 of of IN 34823 4012 13 the the DT 34823 4012 14 checks check NNS 34823 4012 15 deposited deposit VBN 34823 4012 16 in in IN 34823 4012 17 1909 1909 CD 34823 4012 18 were be VBD 34823 4012 19 in in IN 34823 4012 20 New New NNP 34823 4012 21 York York NNP 34823 4012 22 . . . 34823 4013 1 This this DT 34823 4013 2 seems seem VBZ 34823 4013 3 to to TO 34823 4013 4 be be VB 34823 4013 5 too too RB 34823 4013 6 clear clear JJ 34823 4013 7 for for IN 34823 4013 8 serious serious JJ 34823 4013 9 controversy controversy NN 34823 4013 10 . . . 34823 4014 1 The the DT 34823 4014 2 indirect indirect JJ 34823 4014 3 approach approach NN 34823 4014 4 to to IN 34823 4014 5 the the DT 34823 4014 6 relation relation NN 34823 4014 7 between between IN 34823 4014 8 New New NNP 34823 4014 9 York York NNP 34823 4014 10 clearings clearing NNS 34823 4014 11 and and CC 34823 4014 12 New New NNP 34823 4014 13 York York NNP 34823 4014 14 deposits deposit NNS 34823 4014 15 , , , 34823 4014 16 _ _ NNP 34823 4014 17 via via IN 34823 4014 18 _ _ NNP 34823 4014 19 the the DT 34823 4014 20 study study NN 34823 4014 21 of of IN 34823 4014 22 outside outside JJ 34823 4014 23 clearings clearing NNS 34823 4014 24 in in IN 34823 4014 25 1913 1913 CD 34823 4014 26 and and CC 34823 4014 27 1914 1914 CD 34823 4014 28 , , , 34823 4014 29 taken take VBN 34823 4014 30 in in IN 34823 4014 31 conjunction conjunction NN 34823 4014 32 with with IN 34823 4014 33 the the DT 34823 4014 34 figures figure NNS 34823 4014 35 for for IN 34823 4014 36 check check NN 34823 4014 37 deposits deposit NNS 34823 4014 38 in in IN 34823 4014 39 1909 1909 CD 34823 4014 40 , , , 34823 4014 41 would would MD 34823 4014 42 seem seem VB 34823 4014 43 to to TO 34823 4014 44 make make VB 34823 4014 45 it -PRON- PRP 34823 4014 46 quite quite RB 34823 4014 47 clear clear JJ 34823 4014 48 that that IN 34823 4014 49 New New NNP 34823 4014 50 York York NNP 34823 4014 51 clearings clearing NNS 34823 4014 52 do do VBP 34823 4014 53 not not RB 34823 4014 54 exceed exceed VB 34823 4014 55 New New NNP 34823 4014 56 York York NNP 34823 4014 57 deposits deposit NNS 34823 4014 58 , , , 34823 4014 59 or or CC 34823 4014 60 , , , 34823 4014 61 indeed indeed RB 34823 4014 62 , , , 34823 4014 63 constitute constitute VB 34823 4014 64 a a DT 34823 4014 65 substantially substantially RB 34823 4014 66 higher high JJR 34823 4014 67 percentage percentage NN 34823 4014 68 of of IN 34823 4014 69 them -PRON- PRP 34823 4014 70 than than IN 34823 4014 71 is be VBZ 34823 4014 72 the the DT 34823 4014 73 case case NN 34823 4014 74 with with IN 34823 4014 75 country country NN 34823 4014 76 clearings clearing NNS 34823 4014 77 and and CC 34823 4014 78 deposits deposit NNS 34823 4014 79 . . . 34823 4015 1 [ [ -LRB- 34823 4015 2 403 403 CD 34823 4015 3 ] ] -RRB- 34823 4015 4 Logically logically RB 34823 4015 5 , , , 34823 4015 6 assuming assume VBG 34823 4015 7 the the DT 34823 4015 8 correctness correctness NN 34823 4015 9 of of IN 34823 4015 10 the the DT 34823 4015 11 estimate estimate NN 34823 4015 12 for for IN 34823 4015 13 checks check NNS 34823 4015 14 deposited deposit VBN 34823 4015 15 , , , 34823 4015 16 the the DT 34823 4015 17 case case NN 34823 4015 18 is be VBZ 34823 4015 19 complete complete JJ 34823 4015 20 : : : 34823 4015 21 we -PRON- PRP 34823 4015 22 have have VBP 34823 4015 23 a a DT 34823 4015 24 simple simple JJ 34823 4015 25 problem problem NN 34823 4015 26 in in IN 34823 4015 27 arithmetic arithmetic JJ 34823 4015 28 : : : 34823 4015 29 given give VBN 34823 4015 30 country country NN 34823 4015 31 clearings clearing NNS 34823 4015 32 for for IN 34823 4015 33 1909 1909 CD 34823 4015 34 , , , 34823 4015 35 62 62 CD 34823 4015 36 billions billion NNS 34823 4015 37 ; ; , 34823 4015 38 given give VBN 34823 4015 39 the the DT 34823 4015 40 ratio ratio NN 34823 4015 41 of of IN 34823 4015 42 country country NN 34823 4015 43 clearings clearing NNS 34823 4015 44 to to IN 34823 4015 45 country country NN 34823 4015 46 deposits deposit NNS 34823 4015 47 ( ( -LRB- 34823 4015 48 and and CC 34823 4015 49 a a DT 34823 4015 50 minimum minimum NN 34823 4015 51 for for IN 34823 4015 52 this this DT 34823 4015 53 ratio ratio NN 34823 4015 54 is be VBZ 34823 4015 55 clearly clearly RB 34823 4015 56 given give VBN 34823 4015 57 , , , 34823 4015 58 in in IN 34823 4015 59 the the DT 34823 4015 60 40 40 CD 34823 4015 61 % % NN 34823 4015 62 which which WDT 34823 4015 63 country country NN 34823 4015 64 clearings clearing NNS 34823 4015 65 are be VBP 34823 4015 66 of of IN 34823 4015 67 " " `` 34823 4015 68 total total JJ 34823 4015 69 transactions transaction NNS 34823 4015 70 " " '' 34823 4015 71 ) ) -RRB- 34823 4015 72 , , , 34823 4015 73 we -PRON- PRP 34823 4015 74 can can MD 34823 4015 75 fix fix VB 34823 4015 76 a a DT 34823 4015 77 maximum maximum NN 34823 4015 78 for for IN 34823 4015 79 country country NN 34823 4015 80 deposits deposit NNS 34823 4015 81 , , , 34823 4015 82 which which WDT 34823 4015 83 is be VBZ 34823 4015 84 155 155 CD 34823 4015 85 billions billion NNS 34823 4015 86 . . . 34823 4016 1 Then then RB 34823 4016 2 , , , 34823 4016 3 given give VBN 34823 4016 4 our -PRON- PRP$ 34823 4016 5 estimate estimate NN 34823 4016 6 of of IN 34823 4016 7 353 353 CD 34823 4016 8 billions billion NNS 34823 4016 9 for for IN 34823 4016 10 total total JJ 34823 4016 11 check check NN 34823 4016 12 deposits deposit NNS 34823 4016 13 , , , 34823 4016 14 we -PRON- PRP 34823 4016 15 subtract subtract VBP 34823 4016 16 the the DT 34823 4016 17 maximum maximum NN 34823 4016 18 possible possible JJ 34823 4016 19 for for IN 34823 4016 20 country country NN 34823 4016 21 deposits deposit NNS 34823 4016 22 from from IN 34823 4016 23 it -PRON- PRP 34823 4016 24 , , , 34823 4016 25 and and CC 34823 4016 26 get get VB 34823 4016 27 a a DT 34823 4016 28 minimum minimum NN 34823 4016 29 possible possible JJ 34823 4016 30 for for IN 34823 4016 31 New New NNP 34823 4016 32 York York NNP 34823 4016 33 City City NNP 34823 4016 34 of of IN 34823 4016 35 198 198 CD 34823 4016 36 billions billion NNS 34823 4016 37 of of IN 34823 4016 38 check check NN 34823 4016 39 deposits deposit NNS 34823 4016 40 . . . 34823 4017 1 Comparing compare VBG 34823 4017 2 this this DT 34823 4017 3 with with IN 34823 4017 4 the the DT 34823 4017 5 known know VBN 34823 4017 6 clearings clearing NNS 34823 4017 7 of of IN 34823 4017 8 104 104 CD 34823 4017 9 billions billion NNS 34823 4017 10 in in IN 34823 4017 11 New New NNP 34823 4017 12 York York NNP 34823 4017 13 , , , 34823 4017 14 we -PRON- PRP 34823 4017 15 find find VBP 34823 4017 16 that that IN 34823 4017 17 New New NNP 34823 4017 18 York York NNP 34823 4017 19 clearings clearing NNS 34823 4017 20 constitute constitute VBP 34823 4017 21 , , , 34823 4017 22 as as IN 34823 4017 23 a a DT 34823 4017 24 maximum maximum JJ 34823 4017 25 possible possible JJ 34823 4017 26 , , , 34823 4017 27 52.5 52.5 CD 34823 4017 28 % % NN 34823 4017 29 of of IN 34823 4017 30 New New NNP 34823 4017 31 York York NNP 34823 4017 32 check check NN 34823 4017 33 deposits deposit NNS 34823 4017 34 . . . 34823 4018 1 If if IN 34823 4018 2 the the DT 34823 4018 3 reasons reason NNS 34823 4018 4 given give VBN 34823 4018 5 for for IN 34823 4018 6 holding hold VBG 34823 4018 7 check check NN 34823 4018 8 deposits deposit NNS 34823 4018 9 in in IN 34823 4018 10 the the DT 34823 4018 11 country country NN 34823 4018 12 to to TO 34823 4018 13 be be VB 34823 4018 14 less less JJR 34823 4018 15 than than IN 34823 4018 16 total total JJ 34823 4018 17 transactions transaction NNS 34823 4018 18 are be VBP 34823 4018 19 accepted accept VBN 34823 4018 20 , , , 34823 4018 21 the the DT 34823 4018 22 ratio ratio NN 34823 4018 23 of of IN 34823 4018 24 clearings clearing NNS 34823 4018 25 to to IN 34823 4018 26 deposits deposit NNS 34823 4018 27 in in IN 34823 4018 28 New New NNP 34823 4018 29 York York NNP 34823 4018 30 City City NNP 34823 4018 31 is be VBZ 34823 4018 32 lower low JJR 34823 4018 33 . . . 34823 4019 1 Indirect indirect JJ 34823 4019 2 calculations calculation NNS 34823 4019 3 , , , 34823 4019 4 however however RB 34823 4019 5 , , , 34823 4019 6 even even RB 34823 4019 7 when when WRB 34823 4019 8 logically logically RB 34823 4019 9 complete complete JJ 34823 4019 10 , , , 34823 4019 11 ought ought MD 34823 4019 12 to to TO 34823 4019 13 be be VB 34823 4019 14 checked check VBN 34823 4019 15 up up RP 34823 4019 16 by by IN 34823 4019 17 other other JJ 34823 4019 18 methods method NNS 34823 4019 19 , , , 34823 4019 20 when when WRB 34823 4019 21 possible possible JJ 34823 4019 22 . . . 34823 4020 1 We -PRON- PRP 34823 4020 2 have have VBP 34823 4020 3 some some DT 34823 4020 4 further further JJ 34823 4020 5 data datum NNS 34823 4020 6 , , , 34823 4020 7 drawn draw VBN 34823 4020 8 from from IN 34823 4020 9 an an DT 34823 4020 10 earlier early JJR 34823 4020 11 period period NN 34823 4020 12 , , , 34823 4020 13 1890 1890 CD 34823 4020 14 - - SYM 34823 4020 15 91 91 CD 34823 4020 16 - - HYPH 34823 4020 17 92 92 CD 34823 4020 18 , , , 34823 4020 19 which which WDT 34823 4020 20 suggest suggest VBP 34823 4020 21 the the DT 34823 4020 22 same same JJ 34823 4020 23 conclusion conclusion NN 34823 4020 24 . . . 34823 4021 1 The the DT 34823 4021 2 reason reason NN 34823 4021 3 commonly commonly RB 34823 4021 4 offered offer VBD 34823 4021 5 for for IN 34823 4021 6 holding hold VBG 34823 4021 7 that that DT 34823 4021 8 New New NNP 34823 4021 9 York York NNP 34823 4021 10 clearings clearing NNS 34823 4021 11 exaggerate exaggerate VBP 34823 4021 12 local local JJ 34823 4021 13 New New NNP 34823 4021 14 York York NNP 34823 4021 15 transactions transaction NNS 34823 4021 16 , , , 34823 4021 17 as as IN 34823 4021 18 compared compare VBN 34823 4021 19 with with IN 34823 4021 20 country country NN 34823 4021 21 clearings clearing NNS 34823 4021 22 and and CC 34823 4021 23 country country NN 34823 4021 24 transactions transaction NNS 34823 4021 25 , , , 34823 4021 26 is be VBZ 34823 4021 27 that that IN 34823 4021 28 New New NNP 34823 4021 29 York York NNP 34823 4021 30 is be VBZ 34823 4021 31 the the DT 34823 4021 32 clearing clearing NN 34823 4021 33 house house NN 34823 4021 34 for for IN 34823 4021 35 the the DT 34823 4021 36 country country NN 34823 4021 37 . . . 34823 4022 1 Country country NN 34823 4022 2 banks bank NNS 34823 4022 3 send send VBP 34823 4022 4 their -PRON- PRP$ 34823 4022 5 idle idle JJ 34823 4022 6 cash cash NN 34823 4022 7 there there RB 34823 4022 8 ; ; : 34823 4022 9 country country NN 34823 4022 10 banks bank NNS 34823 4022 11 pay pay VBP 34823 4022 12 other other JJ 34823 4022 13 banks bank NNS 34823 4022 14 by by IN 34823 4022 15 drafts draft NNS 34823 4022 16 on on IN 34823 4022 17 their -PRON- PRP$ 34823 4022 18 New New NNP 34823 4022 19 York York NNP 34823 4022 20 balances balance NNS 34823 4022 21 ; ; : 34823 4022 22 country country NN 34823 4022 23 banks bank NNS 34823 4022 24 send send VBP 34823 4022 25 out out IN 34823 4022 26 of of IN 34823 4022 27 town town NN 34823 4022 28 checks check NNS 34823 4022 29 to to IN 34823 4022 30 New New NNP 34823 4022 31 York York NNP 34823 4022 32 for for IN 34823 4022 33 collection collection NN 34823 4022 34 ; ; : 34823 4022 35 business business NN 34823 4022 36 men man NNS 34823 4022 37 in in IN 34823 4022 38 St. St. NNP 34823 4022 39 Louis Louis NNP 34823 4022 40 pay pay NN 34823 4022 41 business business NN 34823 4022 42 men man NNS 34823 4022 43 in in IN 34823 4022 44 Chicago Chicago NNP 34823 4022 45 with with IN 34823 4022 46 New New NNP 34823 4022 47 York York NNP 34823 4022 48 exchange exchange NN 34823 4022 49 , , , 34823 4022 50 etc etc FW 34823 4022 51 . . . 34823 4023 1 These these DT 34823 4023 2 items item NNS 34823 4023 3 are be VBP 34823 4023 4 supposed suppose VBN 34823 4023 5 greatly greatly RB 34823 4023 6 to to TO 34823 4023 7 swell swell VB 34823 4023 8 New New NNP 34823 4023 9 York York NNP 34823 4023 10 clearings clearing NNS 34823 4023 11 . . . 34823 4024 1 Now now RB 34823 4024 2 several several JJ 34823 4024 3 of of IN 34823 4024 4 these these DT 34823 4024 5 reasons reason NNS 34823 4024 6 are be VBP 34823 4024 7 not not RB 34823 4024 8 at at RB 34823 4024 9 all all RB 34823 4024 10 valid valid JJ 34823 4024 11 . . . 34823 4025 1 Cash cash NN 34823 4025 2 shipped ship VBN 34823 4025 3 back back RB 34823 4025 4 and and CC 34823 4025 5 forth forth RB 34823 4025 6 between between IN 34823 4025 7 New New NNP 34823 4025 8 York York NNP 34823 4025 9 and and CC 34823 4025 10 the the DT 34823 4025 11 interior interior NN 34823 4025 12 does do VBZ 34823 4025 13 not not RB 34823 4025 14 get get VB 34823 4025 15 into into IN 34823 4025 16 clearings clearing NNS 34823 4025 17 . . . 34823 4026 1 Secondly secondly RB 34823 4026 2 , , , 34823 4026 3 New New NNP 34823 4026 4 York York NNP 34823 4026 5 , , , 34823 4026 6 because because IN 34823 4026 7 of of IN 34823 4026 8 the the DT 34823 4026 9 charges charge NNS 34823 4026 10 made make VBN 34823 4026 11 for for IN 34823 4026 12 collecting collect VBG 34823 4026 13 out out IN 34823 4026 14 of of IN 34823 4026 15 town town NN 34823 4026 16 checks check NNS 34823 4026 17 , , , 34823 4026 18 has have VBZ 34823 4026 19 tended tend VBN 34823 4026 20 to to TO 34823 4026 21 lose lose VB 34823 4026 22 much much JJ 34823 4026 23 of of IN 34823 4026 24 the the DT 34823 4026 25 collection collection NN 34823 4026 26 business business NN 34823 4026 27 . . . 34823 4027 1 Chicago Chicago NNP 34823 4027 2 probably probably RB 34823 4027 3 does do VBZ 34823 4027 4 a a DT 34823 4027 5 great great JJ 34823 4027 6 deal deal NN 34823 4027 7 more more JJR 34823 4027 8 of of IN 34823 4027 9 it -PRON- PRP 34823 4027 10 than than IN 34823 4027 11 New New NNP 34823 4027 12 York York NNP 34823 4027 13 does do VBZ 34823 4027 14 . . . 34823 4028 1 [ [ -LRB- 34823 4028 2 404 404 CD 34823 4028 3 ] ] -RRB- 34823 4028 4 However however RB 34823 4028 5 , , , 34823 4028 6 even even RB 34823 4028 7 if if IN 34823 4028 8 checks check NNS 34823 4028 9 on on IN 34823 4028 10 out out IN 34823 4028 11 of of IN 34823 4028 12 town town NN 34823 4028 13 banks bank NNS 34823 4028 14 were be VBD 34823 4028 15 sent send VBN 34823 4028 16 largely largely RB 34823 4028 17 to to IN 34823 4028 18 New New NNP 34823 4028 19 York York NNP 34823 4028 20 for for IN 34823 4028 21 collection collection NN 34823 4028 22 , , , 34823 4028 23 they -PRON- PRP 34823 4028 24 would would MD 34823 4028 25 not not RB 34823 4028 26 get get VB 34823 4028 27 into into IN 34823 4028 28 the the DT 34823 4028 29 clearings clearing NNS 34823 4028 30 . . . 34823 4029 1 New New NNP 34823 4029 2 York York NNP 34823 4029 3 banks bank NNS 34823 4029 4 send send VBP 34823 4029 5 checks check NNS 34823 4029 6 on on IN 34823 4029 7 country country NN 34823 4029 8 banks bank NNS 34823 4029 9 directly directly RB 34823 4029 10 to to IN 34823 4029 11 country country NN 34823 4029 12 correspondents correspondent NNS 34823 4029 13 . . . 34823 4030 1 Checks check NNS 34823 4030 2 on on IN 34823 4030 3 out out IN 34823 4030 4 of of IN 34823 4030 5 town town NN 34823 4030 6 banks bank NNS 34823 4030 7 sent send VBN 34823 4030 8 in in RP 34823 4030 9 for for IN 34823 4030 10 collection collection NN 34823 4030 11 do do VBP 34823 4030 12 swell swell NN 34823 4030 13 clearings clearing NNS 34823 4030 14 in in IN 34823 4030 15 Boston Boston NNP 34823 4030 16 and and CC 34823 4030 17 Kansas Kansas NNP 34823 4030 18 City City NNP 34823 4030 19 , , , 34823 4030 20 where where WRB 34823 4030 21 arrangements arrangement NNS 34823 4030 22 have have VBP 34823 4030 23 been be VBN 34823 4030 24 made make VBN 34823 4030 25 , , , 34823 4030 26 to to IN 34823 4030 27 the the DT 34823 4030 28 advantage advantage NN 34823 4030 29 of of IN 34823 4030 30 all all DT 34823 4030 31 concerned concern VBN 34823 4030 32 , , , 34823 4030 33 to to TO 34823 4030 34 have have VB 34823 4030 35 the the DT 34823 4030 36 clearing clearing NN 34823 4030 37 houses house NNS 34823 4030 38 handle handle VBP 34823 4030 39 this this DT 34823 4030 40 business business NN 34823 4030 41 . . . 34823 4031 1 But but CC 34823 4031 2 New New NNP 34823 4031 3 York York NNP 34823 4031 4 has have VBZ 34823 4031 5 not not RB 34823 4031 6 made make VBN 34823 4031 7 provision provision NN 34823 4031 8 for for IN 34823 4031 9 it -PRON- PRP 34823 4031 10 . . . 34823 4032 1 [ [ -LRB- 34823 4032 2 405 405 CD 34823 4032 3 ] ] -RRB- 34823 4032 4 The the DT 34823 4032 5 only only JJ 34823 4032 6 checks check NNS 34823 4032 7 that that WDT 34823 4032 8 get get VBP 34823 4032 9 into into IN 34823 4032 10 New New NNP 34823 4032 11 York York NNP 34823 4032 12 clearings clearing NNS 34823 4032 13 will will MD 34823 4032 14 be be VB 34823 4032 15 checks check NNS 34823 4032 16 drawn draw VBN 34823 4032 17 on on IN 34823 4032 18 New New NNP 34823 4032 19 York York NNP 34823 4032 20 banks bank NNS 34823 4032 21 . . . 34823 4033 1 [ [ -LRB- 34823 4033 2 406 406 CD 34823 4033 3 ] ] -RRB- 34823 4033 4 These these DT 34823 4033 5 checks check NNS 34823 4033 6 will will MD 34823 4033 7 be be VB 34823 4033 8 of of IN 34823 4033 9 two two CD 34823 4033 10 kinds kind NNS 34823 4033 11 : : : 34823 4033 12 ( ( -LRB- 34823 4033 13 1 1 LS 34823 4033 14 ) ) -RRB- 34823 4033 15 checks check NNS 34823 4033 16 drawn draw VBN 34823 4033 17 by by IN 34823 4033 18 individuals individual NNS 34823 4033 19 and and CC 34823 4033 20 firms firm NNS 34823 4033 21 on on IN 34823 4033 22 New New NNP 34823 4033 23 York York NNP 34823 4033 24 banks bank NNS 34823 4033 25 . . . 34823 4034 1 These these DT 34823 4034 2 checks check NNS 34823 4034 3 will will MD 34823 4034 4 commonly commonly RB 34823 4034 5 be be VB 34823 4034 6 drawn draw VBN 34823 4034 7 by by IN 34823 4034 8 people people NNS 34823 4034 9 in in IN 34823 4034 10 New New NNP 34823 4034 11 York York NNP 34823 4034 12 , , , 34823 4034 13 and and CC 34823 4034 14 , , , 34823 4034 15 in in IN 34823 4034 16 so so RB 34823 4034 17 far far RB 34823 4034 18 as as IN 34823 4034 19 they -PRON- PRP 34823 4034 20 come come VBP 34823 4034 21 from from IN 34823 4034 22 out out IN 34823 4034 23 of of IN 34823 4034 24 town town NN 34823 4034 25 , , , 34823 4034 26 will will MD 34823 4034 27 represent represent VB 34823 4034 28 business business NN 34823 4034 29 between between IN 34823 4034 30 New New NNP 34823 4034 31 York York NNP 34823 4034 32 and and CC 34823 4034 33 other other JJ 34823 4034 34 places place NNS 34823 4034 35 , , , 34823 4034 36 hence hence RB 34823 4034 37 , , , 34823 4034 38 New New NNP 34823 4034 39 York York NNP 34823 4034 40 business business NN 34823 4034 41 . . . 34823 4035 1 ( ( -LRB- 34823 4035 2 2 2 LS 34823 4035 3 ) ) -RRB- 34823 4035 4 Drafts draft NNS 34823 4035 5 by by IN 34823 4035 6 banks bank NNS 34823 4035 7 on on IN 34823 4035 8 their -PRON- PRP$ 34823 4035 9 New New NNP 34823 4035 10 York York NNP 34823 4035 11 balances balance NNS 34823 4035 12 . . . 34823 4036 1 These these DT 34823 4036 2 will will MD 34823 4036 3 be be VB 34823 4036 4 of of IN 34823 4036 5 three three CD 34823 4036 6 kinds kind NNS 34823 4036 7 : : : 34823 4036 8 ( ( -LRB- 34823 4036 9 a a DT 34823 4036 10 ) ) -RRB- 34823 4036 11 drafts draft NNS 34823 4036 12 sold sell VBN 34823 4036 13 , , , 34823 4036 14 especially especially RB 34823 4036 15 by by IN 34823 4036 16 country country NN 34823 4036 17 banks bank NNS 34823 4036 18 , , , 34823 4036 19 to to IN 34823 4036 20 their -PRON- PRP$ 34823 4036 21 customers customer NNS 34823 4036 22 who who WP 34823 4036 23 need need VBP 34823 4036 24 to to TO 34823 4036 25 make make VB 34823 4036 26 payments payment NNS 34823 4036 27 in in IN 34823 4036 28 other other JJ 34823 4036 29 cities city NNS 34823 4036 30 . . . 34823 4037 1 Many many JJ 34823 4037 2 of of IN 34823 4037 3 these these DT 34823 4037 4 will will MD 34823 4037 5 represent represent VB 34823 4037 6 payments payment NNS 34823 4037 7 to to IN 34823 4037 8 New New NNP 34823 4037 9 Yorkers Yorkers NNPS 34823 4037 10 for for IN 34823 4037 11 transactions transaction NNS 34823 4037 12 between between IN 34823 4037 13 New New NNP 34823 4037 14 York York NNP 34823 4037 15 and and CC 34823 4037 16 the the DT 34823 4037 17 country country NN 34823 4037 18 , , , 34823 4037 19 hence hence RB 34823 4037 20 New New NNP 34823 4037 21 York York NNP 34823 4037 22 business business NN 34823 4037 23 , , , 34823 4037 24 and and CC 34823 4037 25 will will MD 34823 4037 26 appear appear VB 34823 4037 27 in in IN 34823 4037 28 the the DT 34823 4037 29 check check NN 34823 4037 30 deposits deposit NNS 34823 4037 31 of of IN 34823 4037 32 individuals individual NNS 34823 4037 33 , , , 34823 4037 34 firms firm NNS 34823 4037 35 , , , 34823 4037 36 and and CC 34823 4037 37 corporations corporation NNS 34823 4037 38 in in IN 34823 4037 39 New New NNP 34823 4037 40 York York NNP 34823 4037 41 , , , 34823 4037 42 ( ( -LRB- 34823 4037 43 b b LS 34823 4037 44 ) ) -RRB- 34823 4037 45 There there EX 34823 4037 46 will will MD 34823 4037 47 also also RB 34823 4037 48 be be VB 34823 4037 49 drafts draft NNS 34823 4037 50 from from IN 34823 4037 51 one one CD 34823 4037 52 country country NN 34823 4037 53 bank bank NN 34823 4037 54 , , , 34823 4037 55 on on IN 34823 4037 56 New New NNP 34823 4037 57 York York NNP 34823 4037 58 , , , 34823 4037 59 to to IN 34823 4037 60 another another DT 34823 4037 61 country country NN 34823 4037 62 bank bank NN 34823 4037 63 , , , 34823 4037 64 in in IN 34823 4037 65 which which WDT 34823 4037 66 New New NNP 34823 4037 67 York York NNP 34823 4037 68 is be VBZ 34823 4037 69 truly truly RB 34823 4037 70 being be VBG 34823 4037 71 used use VBN 34823 4037 72 as as IN 34823 4037 73 a a DT 34823 4037 74 clearing clearing NN 34823 4037 75 house house NN 34823 4037 76 , , , 34823 4037 77 New New NNP 34823 4037 78 York York NNP 34823 4037 79 exchange exchange NN 34823 4037 80 taking take VBG 34823 4037 81 the the DT 34823 4037 82 place place NN 34823 4037 83 of of IN 34823 4037 84 an an DT 34823 4037 85 intercity intercity JJ 34823 4037 86 shipment shipment NN 34823 4037 87 of of IN 34823 4037 88 cash cash NN 34823 4037 89 . . . 34823 4038 1 [ [ -LRB- 34823 4038 2 407 407 CD 34823 4038 3 ] ] -RRB- 34823 4038 4 ( ( -LRB- 34823 4038 5 c c NN 34823 4038 6 ) ) -RRB- 34823 4038 7 Drafts Drafts NNP 34823 4038 8 by by IN 34823 4038 9 New New NNP 34823 4038 10 York York NNP 34823 4038 11 banks bank NNS 34823 4038 12 on on IN 34823 4038 13 New New NNP 34823 4038 14 York York NNP 34823 4038 15 banks bank NNS 34823 4038 16 , , , 34823 4038 17 to to TO 34823 4038 18 avoid avoid VB 34823 4038 19 deficits deficit NNS 34823 4038 20 at at IN 34823 4038 21 the the DT 34823 4038 22 Clearing Clearing NNP 34823 4038 23 House House NNP 34823 4038 24 , , , 34823 4038 25 or or CC 34823 4038 26 -- -- : 34823 4038 27 especially especially RB 34823 4038 28 in in IN 34823 4038 29 the the DT 34823 4038 30 case case NN 34823 4038 31 of of IN 34823 4038 32 private private JJ 34823 4038 33 bankers banker NNS 34823 4038 34 , , , 34823 4038 35 between between IN 34823 4038 36 whom whom WP 34823 4038 37 and and CC 34823 4038 38 brokers broker VBZ 34823 4038 39 the the DT 34823 4038 40 line line NN 34823 4038 41 is be VBZ 34823 4038 42 hard hard JJ 34823 4038 43 to to TO 34823 4038 44 draw,--for draw,--for VB 34823 4038 45 general general JJ 34823 4038 46 purposes purpose NNS 34823 4038 47 . . . 34823 4039 1 Now now RB 34823 4039 2 , , , 34823 4039 3 fortunately fortunately RB 34823 4039 4 , , , 34823 4039 5 we -PRON- PRP 34823 4039 6 have have VBP 34823 4039 7 some some DT 34823 4039 8 data datum NNS 34823 4039 9 , , , 34823 4039 10 trustworthy trustworthy JJ 34823 4039 11 , , , 34823 4039 12 even even RB 34823 4039 13 though though IN 34823 4039 14 old old JJ 34823 4039 15 , , , 34823 4039 16 for for IN 34823 4039 17 the the DT 34823 4039 18 volume volume NN 34823 4039 19 of of IN 34823 4039 20 bank bank NN 34823 4039 21 - - HYPH 34823 4039 22 drafts draft NNS 34823 4039 23 on on IN 34823 4039 24 New New NNP 34823 4039 25 York York NNP 34823 4039 26 , , , 34823 4039 27 and and CC 34823 4039 28 , , , 34823 4039 29 more more RBR 34823 4039 30 important important JJ 34823 4039 31 , , , 34823 4039 32 for for IN 34823 4039 33 the the DT 34823 4039 34 proportion proportion NN 34823 4039 35 of of IN 34823 4039 36 drafts draft NNS 34823 4039 37 on on IN 34823 4039 38 New New NNP 34823 4039 39 York York NNP 34823 4039 40 to to IN 34823 4039 41 drafts draft NNS 34823 4039 42 on on IN 34823 4039 43 banks bank NNS 34823 4039 44 in in IN 34823 4039 45 other other JJ 34823 4039 46 cities city NNS 34823 4039 47 . . . 34823 4040 1 These these DT 34823 4040 2 figures figure NNS 34823 4040 3 are be VBP 34823 4040 4 , , , 34823 4040 5 as as IN 34823 4040 6 stated state VBN 34823 4040 7 , , , 34823 4040 8 from from IN 34823 4040 9 the the DT 34823 4040 10 three three CD 34823 4040 11 years year NNS 34823 4040 12 , , , 34823 4040 13 1890 1890 CD 34823 4040 14 , , , 34823 4040 15 1891 1891 CD 34823 4040 16 , , , 34823 4040 17 and and CC 34823 4040 18 1892 1892 CD 34823 4040 19 . . . 34823 4041 1 For for IN 34823 4041 2 the the DT 34823 4041 3 purpose purpose NN 34823 4041 4 in in IN 34823 4041 5 hand hand NN 34823 4041 6 , , , 34823 4041 7 however however RB 34823 4041 8 , , , 34823 4041 9 they -PRON- PRP 34823 4041 10 are be VBP 34823 4041 11 relevant relevant JJ 34823 4041 12 , , , 34823 4041 13 since since IN 34823 4041 14 then then RB 34823 4041 15 , , , 34823 4041 16 as as IN 34823 4041 17 now now RB 34823 4041 18 , , , 34823 4041 19 New New NNP 34823 4041 20 York York NNP 34823 4041 21 clearings clearing NNS 34823 4041 22 were be VBD 34823 4041 23 nearly nearly RB 34823 4041 24 twice twice RB 34823 4041 25 as as RB 34823 4041 26 great great JJ 34823 4041 27 , , , 34823 4041 28 on on IN 34823 4041 29 the the DT 34823 4041 30 whole whole NN 34823 4041 31 , , , 34823 4041 32 as as IN 34823 4041 33 country country NN 34823 4041 34 clearings clearing NNS 34823 4041 35 , , , 34823 4041 36 and and CC 34823 4041 37 if if IN 34823 4041 38 this this DT 34823 4041 39 excess excess NN 34823 4041 40 of of IN 34823 4041 41 New New NNP 34823 4041 42 York York NNP 34823 4041 43 clearings clearing NNS 34823 4041 44 is be VBZ 34823 4041 45 due due JJ 34823 4041 46 to to IN 34823 4041 47 that that DT 34823 4041 48 cause cause NN 34823 4041 49 , , , 34823 4041 50 it -PRON- PRP 34823 4041 51 should should MD 34823 4041 52 have have VB 34823 4041 53 manifested manifest VBN 34823 4041 54 itself -PRON- PRP 34823 4041 55 in in IN 34823 4041 56 these these DT 34823 4041 57 figures figure NNS 34823 4041 58 . . . 34823 4042 1 If if IN 34823 4042 2 the the DT 34823 4042 3 proportion proportion NN 34823 4042 4 of of IN 34823 4042 5 these these DT 34823 4042 6 drafts draft NNS 34823 4042 7 on on IN 34823 4042 8 New New NNP 34823 4042 9 York York NNP 34823 4042 10 to to IN 34823 4042 11 the the DT 34823 4042 12 total total NN 34823 4042 13 of of IN 34823 4042 14 bank bank NN 34823 4042 15 - - HYPH 34823 4042 16 drafts drafts NNP 34823 4042 17 was be VBD 34823 4042 18 greater great JJR 34823 4042 19 than than IN 34823 4042 20 the the DT 34823 4042 21 proportion proportion NN 34823 4042 22 of of IN 34823 4042 23 New New NNP 34823 4042 24 York York NNP 34823 4042 25 clearings clearing NNS 34823 4042 26 of of IN 34823 4042 27 total total JJ 34823 4042 28 clearings clearing NNS 34823 4042 29 , , , 34823 4042 30 we -PRON- PRP 34823 4042 31 might may MD 34823 4042 32 find find VB 34823 4042 33 reason reason NN 34823 4042 34 for for IN 34823 4042 35 supposing suppose VBG 34823 4042 36 that that IN 34823 4042 37 New New NNP 34823 4042 38 York York NNP 34823 4042 39 clearings clearing NNS 34823 4042 40 were be VBD 34823 4042 41 unduly unduly RB 34823 4042 42 swelled swell VBN 34823 4042 43 by by IN 34823 4042 44 this this DT 34823 4042 45 fact fact NN 34823 4042 46 . . . 34823 4043 1 But but CC 34823 4043 2 in in IN 34823 4043 3 fact fact NN 34823 4043 4 , , , 34823 4043 5 drafts draft NNS 34823 4043 6 on on IN 34823 4043 7 New New NNP 34823 4043 8 York York NNP 34823 4043 9 are be VBP 34823 4043 10 not not RB 34823 4043 11 out out IN 34823 4043 12 of of IN 34823 4043 13 proportion proportion NN 34823 4043 14 . . . 34823 4044 1 The the DT 34823 4044 2 figures figure NNS 34823 4044 3 are be VBP 34823 4044 4 virtually virtually RB 34823 4044 5 complete complete JJ 34823 4044 6 for for IN 34823 4044 7 drafts draft NNS 34823 4044 8 drawn draw VBN 34823 4044 9 by by IN 34823 4044 10 all all PDT 34823 4044 11 the the DT 34823 4044 12 national national JJ 34823 4044 13 banks bank NNS 34823 4044 14 on on IN 34823 4044 15 national national JJ 34823 4044 16 and and CC 34823 4044 17 other other JJ 34823 4044 18 banks bank NNS 34823 4044 19 for for IN 34823 4044 20 the the DT 34823 4044 21 years year NNS 34823 4044 22 in in IN 34823 4044 23 question question NN 34823 4044 24 . . . 34823 4045 1 They -PRON- PRP 34823 4045 2 will will MD 34823 4045 3 be be VB 34823 4045 4 found find VBN 34823 4045 5 in in IN 34823 4045 6 the the DT 34823 4045 7 Comptroller Comptroller NNP 34823 4045 8 's 's POS 34823 4045 9 _ _ NNP 34823 4045 10 Reports Reports NNPS 34823 4045 11 _ _ NNP 34823 4045 12 for for IN 34823 4045 13 the the DT 34823 4045 14 three three CD 34823 4045 15 years year NNS 34823 4045 16 , , , 34823 4045 17 under under IN 34823 4045 18 the the DT 34823 4045 19 caption caption NN 34823 4045 20 , , , 34823 4045 21 " " `` 34823 4045 22 Domestic domestic JJ 34823 4045 23 Exchanges exchange NNS 34823 4045 24 . . . 34823 4045 25 " " '' 34823 4046 1 For for IN 34823 4046 2 1890 1890 CD 34823 4046 3 the the DT 34823 4046 4 figures figure NNS 34823 4046 5 are be VBP 34823 4046 6 : : : 34823 4046 7 Drafts draft NNS 34823 4046 8 on on IN 34823 4046 9 ( ( -LRB- 34823 4046 10 000,000 000,000 CD 34823 4046 11 omitted omit VBN 34823 4046 12 ) ) -RRB- 34823 4046 13 New New NNP 34823 4046 14 York York NNP 34823 4046 15 $ $ $ 34823 4046 16 7,284 7,284 CD 34823 4046 17 ( ( -LRB- 34823 4046 18 63.07 63.07 CD 34823 4046 19 % % NN 34823 4046 20 ) ) -RRB- 34823 4046 21 Chicago Chicago NNP 34823 4046 22 1,084 1,084 CD 34823 4046 23 ( ( -LRB- 34823 4046 24 9.30 9.30 CD 34823 4046 25 % % NN 34823 4046 26 ) ) -RRB- 34823 4046 27 St. St. NNP 34823 4046 28 Louis Louis NNP 34823 4046 29 188 188 CD 34823 4046 30 ( ( -LRB- 34823 4046 31 1.64 1.64 CD 34823 4046 32 % % NN 34823 4046 33 ) ) -RRB- 34823 4046 34 Other other JJ 34823 4046 35 reserve reserve NN 34823 4046 36 cities city NNS 34823 4046 37 2,537 2,537 CD 34823 4046 38 ( ( -LRB- 34823 4046 39 21.88 21.88 CD 34823 4046 40 % % NN 34823 4046 41 ) ) -RRB- 34823 4046 42 Other other JJ 34823 4046 43 cities city NNS 34823 4046 44 464 464 CD 34823 4046 45 ( ( -LRB- 34823 4046 46 4.02 4.02 CD 34823 4046 47 % % NN 34823 4046 48 ) ) -RRB- 34823 4046 49 Total Total NNP 34823 4046 50 11,550 11,550 CD 34823 4046 51 ( ( -LRB- 34823 4046 52 100 100 CD 34823 4046 53 % % NN 34823 4046 54 ) ) -RRB- 34823 4046 55 The the DT 34823 4046 56 Comptroller Comptroller NNP 34823 4046 57 ( ( -LRB- 34823 4046 58 _ _ NNP 34823 4046 59 Report Report NNP 34823 4046 60 _ _ NNP 34823 4046 61 of of IN 34823 4046 62 1890 1890 CD 34823 4046 63 , , , 34823 4046 64 p. p. NN 34823 4046 65 19 19 CD 34823 4046 66 ) ) -RRB- 34823 4046 67 gives give VBZ 34823 4046 68 an an DT 34823 4046 69 estimate estimate NN 34823 4046 70 for for IN 34823 4046 71 drafts draft NNS 34823 4046 72 drawn draw VBN 34823 4046 73 by by IN 34823 4046 74 State state NN 34823 4046 75 and and CC 34823 4046 76 private private JJ 34823 4046 77 banks bank NNS 34823 4046 78 of of IN 34823 4046 79 an an DT 34823 4046 80 additional additional JJ 34823 4046 81 6,089 6,089 CD 34823 4046 82 millions million NNS 34823 4046 83 . . . 34823 4047 1 He -PRON- PRP 34823 4047 2 does do VBZ 34823 4047 3 not not RB 34823 4047 4 try try VB 34823 4047 5 to to TO 34823 4047 6 apportion apportion VB 34823 4047 7 these these DT 34823 4047 8 among among IN 34823 4047 9 New New NNP 34823 4047 10 York York NNP 34823 4047 11 and and CC 34823 4047 12 the the DT 34823 4047 13 other other JJ 34823 4047 14 cities city NNS 34823 4047 15 . . . 34823 4048 1 There there EX 34823 4048 2 is be VBZ 34823 4048 3 no no DT 34823 4048 4 reason reason NN 34823 4048 5 to to TO 34823 4048 6 suppose suppose VB 34823 4048 7 that that IN 34823 4048 8 the the DT 34823 4048 9 percentage percentage NN 34823 4048 10 for for IN 34823 4048 11 these these DT 34823 4048 12 banks bank NNS 34823 4048 13 of of IN 34823 4048 14 drafts draft NNS 34823 4048 15 drawn draw VBN 34823 4048 16 on on IN 34823 4048 17 New New NNP 34823 4048 18 York York NNP 34823 4048 19 would would MD 34823 4048 20 be be VB 34823 4048 21 higher high JJR 34823 4048 22 than than IN 34823 4048 23 for for IN 34823 4048 24 national national JJ 34823 4048 25 banks bank NNS 34823 4048 26 , , , 34823 4048 27 and and CC 34823 4048 28 there there EX 34823 4048 29 is be VBZ 34823 4048 30 some some DT 34823 4048 31 reason reason NN 34823 4048 32 for for IN 34823 4048 33 supposing suppose VBG 34823 4048 34 that that IN 34823 4048 35 they -PRON- PRP 34823 4048 36 would would MD 34823 4048 37 be be VB 34823 4048 38 lower low JJR 34823 4048 39 : : : 34823 4048 40 namely namely RB 34823 4048 41 , , , 34823 4048 42 that that IN 34823 4048 43 these these DT 34823 4048 44 institutions institution NNS 34823 4048 45 would would MD 34823 4048 46 lack lack VB 34823 4048 47 the the DT 34823 4048 48 incentive incentive NN 34823 4048 49 supplied supply VBN 34823 4048 50 by by IN 34823 4048 51 the the DT 34823 4048 52 National National NNP 34823 4048 53 Bank Bank NNP 34823 4048 54 Act Act NNP 34823 4048 55 for for IN 34823 4048 56 depositing deposit VBG 34823 4048 57 reserves reserve NNS 34823 4048 58 in in IN 34823 4048 59 a a DT 34823 4048 60 Central Central NNP 34823 4048 61 Reserve Reserve NNP 34823 4048 62 City City NNP 34823 4048 63 . . . 34823 4049 1 The the DT 34823 4049 2 Comptroller Comptroller NNP 34823 4049 3 's 's POS 34823 4049 4 figures figure NNS 34823 4049 5 probably probably RB 34823 4049 6 do do VBP 34823 4049 7 not not RB 34823 4049 8 include include VB 34823 4049 9 the the DT 34823 4049 10 great great JJ 34823 4049 11 private private JJ 34823 4049 12 banks bank NNS 34823 4049 13 in in IN 34823 4049 14 New New NNP 34823 4049 15 York York NNP 34823 4049 16 , , , 34823 4049 17 which which WDT 34823 4049 18 deposit deposit NN 34823 4049 19 in in IN 34823 4049 20 New New NNP 34823 4049 21 York York NNP 34823 4049 22 commercial commercial JJ 34823 4049 23 banks bank NNS 34823 4049 24 , , , 34823 4049 25 and and CC 34823 4049 26 draw draw VB 34823 4049 27 huge huge JJ 34823 4049 28 checks check NNS 34823 4049 29 against against IN 34823 4049 30 their -PRON- PRP$ 34823 4049 31 deposits deposit NNS 34823 4049 32 . . . 34823 4050 1 These these DT 34823 4050 2 checks check NNS 34823 4050 3 , , , 34823 4050 4 probably probably RB 34823 4050 5 , , , 34823 4050 6 however however RB 34823 4050 7 , , , 34823 4050 8 chiefly chiefly RB 34823 4050 9 represent represent VBP 34823 4050 10 stock stock NN 34823 4050 11 exchange exchange NN 34823 4050 12 collateral collateral NN 34823 4050 13 loans loan NNS 34823 4050 14 to to IN 34823 4050 15 brokers broker NNS 34823 4050 16 , , , 34823 4050 17 and and CC 34823 4050 18 so so RB 34823 4050 19 appear appear VB 34823 4050 20 in in IN 34823 4050 21 brokers broker NNS 34823 4050 22 ' ' POS 34823 4050 23 deposits deposit NNS 34823 4050 24 as as RB 34823 4050 25 well well RB 34823 4050 26 as as IN 34823 4050 27 in in IN 34823 4050 28 New New NNP 34823 4050 29 York York NNP 34823 4050 30 clearings clearing NNS 34823 4050 31 -- -- : 34823 4050 32 represent represent VBP 34823 4050 33 New New NNP 34823 4050 34 York York NNP 34823 4050 35 deposits deposit NNS 34823 4050 36 . . . 34823 4051 1 I -PRON- PRP 34823 4051 2 do do VBP 34823 4051 3 not not RB 34823 4051 4 use use VB 34823 4051 5 this this DT 34823 4051 6 estimate estimate NN 34823 4051 7 in in IN 34823 4051 8 my -PRON- PRP$ 34823 4051 9 computations computation NNS 34823 4051 10 . . . 34823 4052 1 If if IN 34823 4052 2 I -PRON- PRP 34823 4052 3 did do VBD 34823 4052 4 , , , 34823 4052 5 the the DT 34823 4052 6 results result NNS 34823 4052 7 , , , 34823 4052 8 so so RB 34823 4052 9 far far RB 34823 4052 10 as as IN 34823 4052 11 proportions proportion NNS 34823 4052 12 are be VBP 34823 4052 13 concerned concern VBN 34823 4052 14 , , , 34823 4052 15 would would MD 34823 4052 16 be be VB 34823 4052 17 the the DT 34823 4052 18 same same JJ 34823 4052 19 , , , 34823 4052 20 since since IN 34823 4052 21 I -PRON- PRP 34823 4052 22 could could MD 34823 4052 23 do do VB 34823 4052 24 nothing nothing NN 34823 4052 25 but but IN 34823 4052 26 assign assign VB 34823 4052 27 the the DT 34823 4052 28 same same JJ 34823 4052 29 proportions proportion NNS 34823 4052 30 to to IN 34823 4052 31 them -PRON- PRP 34823 4052 32 . . . 34823 4053 1 It -PRON- PRP 34823 4053 2 will will MD 34823 4053 3 be be VB 34823 4053 4 seen see VBN 34823 4053 5 that that IN 34823 4053 6 my -PRON- PRP$ 34823 4053 7 argument argument NN 34823 4053 8 rests rest VBZ 34823 4053 9 on on IN 34823 4053 10 the the DT 34823 4053 11 proportions proportion NNS 34823 4053 12 , , , 34823 4053 13 chiefly chiefly RB 34823 4053 14 . . . 34823 4054 1 Now now RB 34823 4054 2 what what WDT 34823 4054 3 difference difference NN 34823 4054 4 would would MD 34823 4054 5 be be VB 34823 4054 6 made make VBN 34823 4054 7 if if IN 34823 4054 8 we -PRON- PRP 34823 4054 9 wiped wipe VBD 34823 4054 10 out out RP 34823 4054 11 all all PDT 34823 4054 12 these these DT 34823 4054 13 draft draft NN 34823 4054 14 transactions transaction NNS 34823 4054 15 , , , 34823 4054 16 and and CC 34823 4054 17 reduced reduce VBN 34823 4054 18 clearings clearing NNS 34823 4054 19 to to TO 34823 4054 20 correspond correspond VB 34823 4054 21 ? ? . 34823 4055 1 New New NNP 34823 4055 2 York York NNP 34823 4055 3 clearings clearing NNS 34823 4055 4 in in IN 34823 4055 5 1890 1890 CD 34823 4055 6 were be VBD 34823 4055 7 37,660 37,660 CD 34823 4055 8 millions million NNS 34823 4055 9 ; ; : 34823 4055 10 country country NN 34823 4055 11 clearings clearing NNS 34823 4055 12 were be VBD 34823 4055 13 21,184 21,184 CD 34823 4055 14 millions million NNS 34823 4055 15 . . . 34823 4056 1 Let let VB 34823 4056 2 us -PRON- PRP 34823 4056 3 subtract subtract VB 34823 4056 4 the the DT 34823 4056 5 drafts draft NNS 34823 4056 6 on on IN 34823 4056 7 New New NNP 34823 4056 8 York York NNP 34823 4056 9 from from IN 34823 4056 10 New New NNP 34823 4056 11 York York NNP 34823 4056 12 clearings clearing NNS 34823 4056 13 , , , 34823 4056 14 and and CC 34823 4056 15 the the DT 34823 4056 16 drafts draft NNS 34823 4056 17 on on IN 34823 4056 18 other other JJ 34823 4056 19 places place NNS 34823 4056 20 from from IN 34823 4056 21 the the DT 34823 4056 22 country country NN 34823 4056 23 clearings clearing NNS 34823 4056 24 . . . 34823 4057 1 The the DT 34823 4057 2 result result NN 34823 4057 3 is be VBZ 34823 4057 4 : : : 34823 4057 5 New New NNP 34823 4057 6 York York NNP 34823 4057 7 clearings clearing NNS 34823 4057 8 , , , 34823 4057 9 30,376 30,376 CD 34823 4057 10 millions million NNS 34823 4057 11 ; ; : 34823 4057 12 country country NN 34823 4057 13 clearings clearing NNS 34823 4057 14 , , , 34823 4057 15 16,918 16,918 CD 34823 4057 16 millions million NNS 34823 4057 17 . . . 34823 4058 1 New New NNP 34823 4058 2 York York NNP 34823 4058 3 clearings clearing NNS 34823 4058 4 still still RB 34823 4058 5 retain retain VBP 34823 4058 6 their -PRON- PRP$ 34823 4058 7 former former JJ 34823 4058 8 status status NN 34823 4058 9 ! ! . 34823 4059 1 New New NNP 34823 4059 2 York York NNP 34823 4059 3 clearings clearing NNS 34823 4059 4 are be VBP 34823 4059 5 still still RB 34823 4059 6 nearly nearly RB 34823 4059 7 twice twice RB 34823 4059 8 as as RB 34823 4059 9 great great JJ 34823 4059 10 as as IN 34823 4059 11 country country NN 34823 4059 12 clearings clearing NNS 34823 4059 13 ! ! . 34823 4060 1 It -PRON- PRP 34823 4060 2 is be VBZ 34823 4060 3 not not RB 34823 4060 4 the the DT 34823 4060 5 bank bank NN 34823 4060 6 drafts draft NNS 34823 4060 7 used use VBN 34823 4060 8 in in IN 34823 4060 9 making make VBG 34823 4060 10 New New NNP 34823 4060 11 York York NNP 34823 4060 12 the the DT 34823 4060 13 " " `` 34823 4060 14 clearing clearing NN 34823 4060 15 house house NN 34823 4060 16 " " '' 34823 4060 17 for for IN 34823 4060 18 the the DT 34823 4060 19 country country NN 34823 4060 20 that that WDT 34823 4060 21 swell swell VBP 34823 4060 22 New New NNP 34823 4060 23 York York NNP 34823 4060 24 clearings clearing NNS 34823 4060 25 as as IN 34823 4060 26 compared compare VBN 34823 4060 27 with with IN 34823 4060 28 the the DT 34823 4060 29 rest rest NN 34823 4060 30 of of IN 34823 4060 31 the the DT 34823 4060 32 country country NN 34823 4060 33 ! ! . 34823 4061 1 It -PRON- PRP 34823 4061 2 is be VBZ 34823 4061 3 something something NN 34823 4061 4 else else RB 34823 4061 5 ! ! . 34823 4062 1 The the DT 34823 4062 2 main main JJ 34823 4062 3 explanation explanation NN 34823 4062 4 , , , 34823 4062 5 as as IN 34823 4062 6 we -PRON- PRP 34823 4062 7 have have VBP 34823 4062 8 in in IN 34823 4062 9 part part NN 34823 4062 10 seen see VBN 34823 4062 11 , , , 34823 4062 12 and and CC 34823 4062 13 shall shall MD 34823 4062 14 further further RB 34823 4062 15 see see VB 34823 4062 16 , , , 34823 4062 17 is be VBZ 34823 4062 18 a a DT 34823 4062 19 mass mass NN 34823 4062 20 of of IN 34823 4062 21 speculative speculative JJ 34823 4062 22 transactions transaction NNS 34823 4062 23 , , , 34823 4062 24 chiefly chiefly RB 34823 4062 25 Stock Stock NNP 34823 4062 26 Exchange Exchange NNP 34823 4062 27 transactions transaction NNS 34823 4062 28 , , , 34823 4062 29 and and CC 34823 4062 30 loan loan NN 34823 4062 31 transactions transaction NNS 34823 4062 32 connected connect VBN 34823 4062 33 therewith therewith NNP 34823 4062 34 ! ! . 34823 4063 1 New New NNP 34823 4063 2 York York NNP 34823 4063 3 clearings clearing NNS 34823 4063 4 grow grow VBP 34823 4063 5 out out IN 34823 4063 6 of of IN 34823 4063 7 New New NNP 34823 4063 8 York York NNP 34823 4063 9 business business NN 34823 4063 10 , , , 34823 4063 11 primarily primarily RB 34823 4063 12 . . . 34823 4064 1 The the DT 34823 4064 2 figures figure NNS 34823 4064 3 for for IN 34823 4064 4 the the DT 34823 4064 5 other other JJ 34823 4064 6 two two CD 34823 4064 7 years year NNS 34823 4064 8 vary vary VBP 34823 4064 9 little little JJ 34823 4064 10 from from IN 34823 4064 11 those those DT 34823 4064 12 of of IN 34823 4064 13 1890 1890 CD 34823 4064 14 . . . 34823 4065 1 What what WDT 34823 4065 2 variation variation NN 34823 4065 3 there there EX 34823 4065 4 is be VBZ 34823 4065 5 shows show VBZ 34823 4065 6 a a DT 34823 4065 7 growth growth NN 34823 4065 8 of of IN 34823 4065 9 drafts draft NNS 34823 4065 10 on on IN 34823 4065 11 interior interior JJ 34823 4065 12 cities city NNS 34823 4065 13 , , , 34823 4065 14 and and CC 34823 4065 15 a a DT 34823 4065 16 decline decline NN 34823 4065 17 of of IN 34823 4065 18 drafts draft NNS 34823 4065 19 on on IN 34823 4065 20 New New NNP 34823 4065 21 York York NNP 34823 4065 22 . . . 34823 4066 1 New New NNP 34823 4066 2 York York NNP 34823 4066 3 showed show VBD 34823 4066 4 63.07 63.07 CD 34823 4066 5 % % NN 34823 4066 6 of of IN 34823 4066 7 these these DT 34823 4066 8 drafts draft NNS 34823 4066 9 in in IN 34823 4066 10 1890 1890 CD 34823 4066 11 , , , 34823 4066 12 61 61 CD 34823 4066 13 % % NN 34823 4066 14 in in IN 34823 4066 15 1891 1891 CD 34823 4066 16 , , , 34823 4066 17 and and CC 34823 4066 18 60.77 60.77 CD 34823 4066 19 % % NN 34823 4066 20 in in IN 34823 4066 21 1892 1892 CD 34823 4066 22 . . . 34823 4067 1 [ [ -LRB- 34823 4067 2 408 408 CD 34823 4067 3 ] ] -RRB- 34823 4067 4 As as IN 34823 4067 5 we -PRON- PRP 34823 4067 6 have have VBP 34823 4067 7 seen see VBN 34823 4067 8 , , , 34823 4067 9 the the DT 34823 4067 10 only only JJ 34823 4067 11 checks check NNS 34823 4067 12 or or CC 34823 4067 13 drafts draft NNS 34823 4067 14 that that WDT 34823 4067 15 get get VBP 34823 4067 16 into into IN 34823 4067 17 New New NNP 34823 4067 18 York York NNP 34823 4067 19 clearings clearing NNS 34823 4067 20 are be VBP 34823 4067 21 those those DT 34823 4067 22 drawn draw VBN 34823 4067 23 on on IN 34823 4067 24 New New NNP 34823 4067 25 York York NNP 34823 4067 26 banks bank NNS 34823 4067 27 . . . 34823 4068 1 The the DT 34823 4068 2 checks check NNS 34823 4068 3 on on IN 34823 4068 4 New New NNP 34823 4068 5 York York NNP 34823 4068 6 banks bank NNS 34823 4068 7 probably probably RB 34823 4068 8 almost almost RB 34823 4068 9 all all DT 34823 4068 10 represent represent VBP 34823 4068 11 business business NN 34823 4068 12 in in IN 34823 4068 13 which which WDT 34823 4068 14 one one CD 34823 4068 15 party party NN 34823 4068 16 is be VBZ 34823 4068 17 a a DT 34823 4068 18 New New NNP 34823 4068 19 York York NNP 34823 4068 20 individual individual NN 34823 4068 21 , , , 34823 4068 22 firm firm JJ 34823 4068 23 , , , 34823 4068 24 or or CC 34823 4068 25 corporation corporation NN 34823 4068 26 . . . 34823 4069 1 The the DT 34823 4069 2 drafts draft NNS 34823 4069 3 by by IN 34823 4069 4 out out IN 34823 4069 5 - - HYPH 34823 4069 6 of of IN 34823 4069 7 - - HYPH 34823 4069 8 town town NN 34823 4069 9 banks bank NNS 34823 4069 10 will will MD 34823 4069 11 contain contain VB 34823 4069 12 all all PDT 34823 4069 13 the the DT 34823 4069 14 items item NNS 34823 4069 15 , , , 34823 4069 16 virtually virtually RB 34823 4069 17 , , , 34823 4069 18 that that WDT 34823 4069 19 represent represent VBP 34823 4069 20 " " `` 34823 4069 21 clearings clearing NNS 34823 4069 22 " " '' 34823 4069 23 through through IN 34823 4069 24 New New NNP 34823 4069 25 York York NNP 34823 4069 26 . . . 34823 4070 1 Not not RB 34823 4070 2 all all DT 34823 4070 3 of of IN 34823 4070 4 these these DT 34823 4070 5 , , , 34823 4070 6 by by IN 34823 4070 7 any any DT 34823 4070 8 means mean NNS 34823 4070 9 , , , 34823 4070 10 will will MD 34823 4070 11 represent represent VB 34823 4070 12 such such JJ 34823 4070 13 clearings clearing NNS 34823 4070 14 . . . 34823 4071 1 A a DT 34823 4071 2 very very RB 34823 4071 3 substantial substantial JJ 34823 4071 4 part part NN 34823 4071 5 of of IN 34823 4071 6 them -PRON- PRP 34823 4071 7 will will MD 34823 4071 8 represent represent VB 34823 4071 9 exchange exchange NN 34823 4071 10 sold sell VBN 34823 4071 11 to to IN 34823 4071 12 customers customer NNS 34823 4071 13 to to TO 34823 4071 14 make make VB 34823 4071 15 payments payment NNS 34823 4071 16 in in IN 34823 4071 17 New New NNP 34823 4071 18 York York NNP 34823 4071 19 . . . 34823 4072 1 We -PRON- PRP 34823 4072 2 exaggerate exaggerate VBP 34823 4072 3 the the DT 34823 4072 4 " " `` 34823 4072 5 clearing clearing NN 34823 4072 6 through through IN 34823 4072 7 New New NNP 34823 4072 8 York York NNP 34823 4072 9 " " '' 34823 4072 10 when when WRB 34823 4072 11 we -PRON- PRP 34823 4072 12 subtract subtract VBP 34823 4072 13 all all PDT 34823 4072 14 these these DT 34823 4072 15 drafts draft NNS 34823 4072 16 from from IN 34823 4072 17 New New NNP 34823 4072 18 York York NNP 34823 4072 19 clearings clearing NNS 34823 4072 20 . . . 34823 4073 1 Since since IN 34823 4073 2 , , , 34823 4073 3 however however RB 34823 4073 4 , , , 34823 4073 5 we -PRON- PRP 34823 4073 6 treat treat VBP 34823 4073 7 country country NN 34823 4073 8 clearings clearing NNS 34823 4073 9 in in IN 34823 4073 10 the the DT 34823 4073 11 same same JJ 34823 4073 12 way way NN 34823 4073 13 , , , 34823 4073 14 no no DT 34823 4073 15 error error NN 34823 4073 16 results result NNS 34823 4073 17 , , , 34823 4073 18 so so RB 34823 4073 19 far far RB 34823 4073 20 as as IN 34823 4073 21 the the DT 34823 4073 22 proportions proportion NNS 34823 4073 23 between between IN 34823 4073 24 them -PRON- PRP 34823 4073 25 are be VBP 34823 4073 26 concerned concern VBN 34823 4073 27 . . . 34823 4074 1 The the DT 34823 4074 2 two two CD 34823 4074 3 sets set NNS 34823 4074 4 of of IN 34823 4074 5 data datum NNS 34823 4074 6 converge converge NN 34823 4074 7 . . . 34823 4075 1 Both both DT 34823 4075 2 from from IN 34823 4075 3 the the DT 34823 4075 4 figures figure NNS 34823 4075 5 of of IN 34823 4075 6 1913 1913 CD 34823 4075 7 - - SYM 34823 4075 8 14 14 CD 34823 4075 9 , , , 34823 4075 10 in in IN 34823 4075 11 conjunction conjunction NN 34823 4075 12 with with IN 34823 4075 13 estimated estimate VBN 34823 4075 14 check check NN 34823 4075 15 circulation circulation NN 34823 4075 16 in in IN 34823 4075 17 1909 1909 CD 34823 4075 18 , , , 34823 4075 19 and and CC 34823 4075 20 from from IN 34823 4075 21 the the DT 34823 4075 22 figures figure NNS 34823 4075 23 of of IN 34823 4075 24 1890 1890 CD 34823 4075 25 - - SYM 34823 4075 26 92 92 CD 34823 4075 27 , , , 34823 4075 28 can can MD 34823 4075 29 we -PRON- PRP 34823 4075 30 conclude conclude VB 34823 4075 31 that that IN 34823 4075 32 New New NNP 34823 4075 33 York York NNP 34823 4075 34 clearings clearing NNS 34823 4075 35 do do VBP 34823 4075 36 not not RB 34823 4075 37 overcount overcount VB 34823 4075 38 New New NNP 34823 4075 39 York York NNP 34823 4075 40 transactions transaction NNS 34823 4075 41 . . . 34823 4076 1 The the DT 34823 4076 2 conclusion conclusion NN 34823 4076 3 would would MD 34823 4076 4 seem seem VB 34823 4076 5 to to TO 34823 4076 6 be be VB 34823 4076 7 inevitable inevitable JJ 34823 4076 8 that that IN 34823 4076 9 New New NNP 34823 4076 10 York York NNP 34823 4076 11 is be VBZ 34823 4076 12 really really RB 34823 4076 13 as as RB 34823 4076 14 important important JJ 34823 4076 15 in in IN 34823 4076 16 our -PRON- PRP$ 34823 4076 17 volume volume NN 34823 4076 18 of of IN 34823 4076 19 banking banking NN 34823 4076 20 transactions transaction NNS 34823 4076 21 as as IN 34823 4076 22 its -PRON- PRP$ 34823 4076 23 clearings clearing NNS 34823 4076 24 would would MD 34823 4076 25 indicate indicate VB 34823 4076 26 . . . 34823 4077 1 This this DT 34823 4077 2 may may MD 34823 4077 3 be be VB 34823 4077 4 qualified qualify VBN 34823 4077 5 by by IN 34823 4077 6 a a DT 34823 4077 7 recognition recognition NN 34823 4077 8 of of IN 34823 4077 9 the the DT 34823 4077 10 possibility possibility NN 34823 4077 11 that that IN 34823 4077 12 New New NNP 34823 4077 13 York York NNP 34823 4077 14 clearings clearing NNS 34823 4077 15 are be VBP 34823 4077 16 more more RBR 34823 4077 17 efficient efficient JJ 34823 4077 18 in in IN 34823 4077 19 handling handle VBG 34823 4077 20 check check NN 34823 4077 21 deposits deposit NNS 34823 4077 22 than than IN 34823 4077 23 are be VBP 34823 4077 24 clearings clearing NNS 34823 4077 25 in in IN 34823 4077 26 other other JJ 34823 4077 27 cities city NNS 34823 4077 28 . . . 34823 4078 1 Some some DT 34823 4078 2 scattering scatter VBG 34823 4078 3 data datum NNS 34823 4078 4 from from IN 34823 4078 5 national national JJ 34823 4078 6 banks bank NNS 34823 4078 7 for for IN 34823 4078 8 single single JJ 34823 4078 9 days day NNS 34823 4078 10 at at IN 34823 4078 11 a a DT 34823 4078 12 time time NN 34823 4078 13 indicate indicate VBP 34823 4078 14 that that IN 34823 4078 15 a a DT 34823 4078 16 higher high JJR 34823 4078 17 percentage percentage NN 34823 4078 18 of of IN 34823 4078 19 checks check NNS 34823 4078 20 is be VBZ 34823 4078 21 cleared clear VBN 34823 4078 22 in in IN 34823 4078 23 New New NNP 34823 4078 24 York York NNP 34823 4078 25 than than IN 34823 4078 26 elsewhere elsewhere RB 34823 4078 27 in in IN 34823 4078 28 the the DT 34823 4078 29 country,[409 country,[409 NNP 34823 4078 30 ] ] -RRB- 34823 4078 31 and and CC 34823 4078 32 one one CD 34823 4078 33 observation observation NN 34823 4078 34 for for IN 34823 4078 35 five five CD 34823 4078 36 national national JJ 34823 4078 37 banks bank NNS 34823 4078 38 for for IN 34823 4078 39 a a DT 34823 4078 40 ten ten CD 34823 4078 41 - - HYPH 34823 4078 42 day day NN 34823 4078 43 period period NN 34823 4078 44 shows show VBZ 34823 4078 45 67 67 CD 34823 4078 46 % % NN 34823 4078 47 of of IN 34823 4078 48 checks check NNS 34823 4078 49 deposited deposit VBN 34823 4078 50 cleared clear VBD 34823 4078 51 . . . 34823 4079 1 [ [ -LRB- 34823 4079 2 410 410 CD 34823 4079 3 ] ] -RRB- 34823 4079 4 These these DT 34823 4079 5 checks check NNS 34823 4079 6 include include VBP 34823 4079 7 deposits deposit NNS 34823 4079 8 made make VBN 34823 4079 9 by by IN 34823 4079 10 other other JJ 34823 4079 11 banks bank NNS 34823 4079 12 , , , 34823 4079 13 as as IN 34823 4079 14 do do VBP 34823 4079 15 the the DT 34823 4079 16 figures figure NNS 34823 4079 17 of of IN 34823 4079 18 Kemmerer Kemmerer NNP 34823 4079 19 's 's POS 34823 4079 20 observations observation NNS 34823 4079 21 . . . 34823 4080 1 But but CC 34823 4080 2 there there EX 34823 4080 3 are be VBP 34823 4080 4 no no DT 34823 4080 5 direct direct JJ 34823 4080 6 observations observation NNS 34823 4080 7 covering cover VBG 34823 4080 8 New New NNP 34823 4080 9 York York NNP 34823 4080 10 for for IN 34823 4080 11 a a DT 34823 4080 12 long long JJ 34823 4080 13 enough enough JJ 34823 4080 14 period period NN 34823 4080 15 , , , 34823 4080 16 or or CC 34823 4080 17 for for IN 34823 4080 18 enough enough JJ 34823 4080 19 institutions institution NNS 34823 4080 20 , , , 34823 4080 21 to to TO 34823 4080 22 warrant warrant VB 34823 4080 23 any any DT 34823 4080 24 definite definite JJ 34823 4080 25 conclusions conclusion NNS 34823 4080 26 . . . 34823 4081 1 [ [ -LRB- 34823 4081 2 411 411 CD 34823 4081 3 ] ] -RRB- 34823 4081 4 The the DT 34823 4081 5 error error NN 34823 4081 6 of of IN 34823 4081 7 assuming assume VBG 34823 4081 8 clearings clearing NNS 34823 4081 9 of of IN 34823 4081 10 March March NNP 34823 4081 11 17 17 CD 34823 4081 12 in in IN 34823 4081 13 the the DT 34823 4081 14 country country NN 34823 4081 15 outside outside IN 34823 4081 16 New New NNP 34823 4081 17 York York NNP 34823 4081 18 to to TO 34823 4081 19 be be VB 34823 4081 20 abnormally abnormally RB 34823 4081 21 low low JJ 34823 4081 22 , , , 34823 4081 23 swelled swell VBD 34823 4081 24 Professor Professor NNP 34823 4081 25 Fisher Fisher NNP 34823 4081 26 's 's POS 34823 4081 27 total total JJ 34823 4081 28 figure figure NN 34823 4081 29 for for IN 34823 4081 30 check check NN 34823 4081 31 circulation circulation NN 34823 4081 32 by by IN 34823 4081 33 31 31 CD 34823 4081 34 billions billion NNS 34823 4081 35 , , , 34823 4081 36 as as IN 34823 4081 37 we -PRON- PRP 34823 4081 38 have have VBP 34823 4081 39 seen see VBN 34823 4081 40 . . . 34823 4082 1 On on IN 34823 4082 2 the the DT 34823 4082 3 other other JJ 34823 4082 4 hand hand NN 34823 4082 5 , , , 34823 4082 6 the the DT 34823 4082 7 error error NN 34823 4082 8 of of IN 34823 4082 9 assuming assume VBG 34823 4082 10 New New NNP 34823 4082 11 York York NNP 34823 4082 12 City City NNP 34823 4082 13 to to TO 34823 4082 14 be be VB 34823 4082 15 complete complete JJ 34823 4082 16 in in IN 34823 4082 17 Kinley Kinley NNP 34823 4082 18 's 's POS 34823 4082 19 figures figure NNS 34823 4082 20 tended tend VBD 34823 4082 21 to to TO 34823 4082 22 make make VB 34823 4082 23 the the DT 34823 4082 24 total total NN 34823 4082 25 smaller small JJR 34823 4082 26 than than IN 34823 4082 27 it -PRON- PRP 34823 4082 28 would would MD 34823 4082 29 have have VB 34823 4082 30 been be VBN 34823 4082 31 , , , 34823 4082 32 since since IN 34823 4082 33 New New NNP 34823 4082 34 York York NNP 34823 4082 35 City City NNP 34823 4082 36 was be VBD 34823 4082 37 28 28 CD 34823 4082 38 % % NN 34823 4082 39 below below IN 34823 4082 40 normal normal JJ 34823 4082 41 , , , 34823 4082 42 and and CC 34823 4082 43 an an DT 34823 4082 44 increase increase NN 34823 4082 45 of of IN 34823 4082 46 28 28 CD 34823 4082 47 % % NN 34823 4082 48 applied apply VBN 34823 4082 49 to to IN 34823 4082 50 half half NN 34823 4082 51 of of IN 34823 4082 52 Professor Professor NNP 34823 4082 53 Weston Weston NNP 34823 4082 54 's 's POS 34823 4082 55 figure figure NN 34823 4082 56 of of IN 34823 4082 57 1.02 1.02 CD 34823 4082 58 billions billion NNS 34823 4082 59 , , , 34823 4082 60 gives give VBZ 34823 4082 61 about about RB 34823 4082 62 70 70 CD 34823 4082 63 millions million NNS 34823 4082 64 more more JJR 34823 4082 65 for for IN 34823 4082 66 the the DT 34823 4082 67 day day NN 34823 4082 68 , , , 34823 4082 69 or or CC 34823 4082 70 21 21 CD 34823 4082 71 billions billion NNS 34823 4082 72 more more JJR 34823 4082 73 for for IN 34823 4082 74 the the DT 34823 4082 75 year year NN 34823 4082 76 , , , 34823 4082 77 than than IN 34823 4082 78 when when WRB 34823 4082 79 the the DT 34823 4082 80 28 28 CD 34823 4082 81 % % NN 34823 4082 82 increase increase NN 34823 4082 83 is be VBZ 34823 4082 84 applied apply VBN 34823 4082 85 to to IN 34823 4082 86 only only RB 34823 4082 87 a a DT 34823 4082 88 quarter quarter NN 34823 4082 89 of of IN 34823 4082 90 Professor Professor NNP 34823 4082 91 Weston Weston NNP 34823 4082 92 's 's POS 34823 4082 93 figure figure NN 34823 4082 94 . . . 34823 4083 1 These these DT 34823 4083 2 two two CD 34823 4083 3 errors error NNS 34823 4083 4 roughly roughly RB 34823 4083 5 neutralize neutralize VBP 34823 4083 6 one one CD 34823 4083 7 another another DT 34823 4083 8 , , , 34823 4083 9 and and CC 34823 4083 10 we -PRON- PRP 34823 4083 11 may may MD 34823 4083 12 accept accept VB 34823 4083 13 Professor Professor NNP 34823 4083 14 Fisher Fisher NNP 34823 4083 15 's 's POS 34823 4083 16 " " `` 34823 4083 17 finally finally RB 34823 4083 18 adjusted adjust VBN 34823 4083 19 " " '' 34823 4083 20 estimate estimate NN 34823 4083 21 of of IN 34823 4083 22 353 353 CD 34823 4083 23 billions[412 billions[412 NN 34823 4083 24 ] ] -RRB- 34823 4083 25 for for IN 34823 4083 26 the the DT 34823 4083 27 year year NN 34823 4083 28 as as RB 34823 4083 29 roughly roughly RB 34823 4083 30 approximating approximate VBG 34823 4083 31 the the DT 34823 4083 32 amount amount NN 34823 4083 33 of of IN 34823 4083 34 checks check NNS 34823 4083 35 deposited deposit VBN 34823 4083 36 . . . 34823 4084 1 [ [ -LRB- 34823 4084 2 413 413 CD 34823 4084 3 ] ] -RRB- 34823 4084 4 How how WRB 34823 4084 5 " " `` 34823 4084 6 rough rough JJ 34823 4084 7 " " '' 34823 4084 8 an an DT 34823 4084 9 estimate estimate NN 34823 4084 10 one one NN 34823 4084 11 gets get VBZ 34823 4084 12 by by IN 34823 4084 13 taking take VBG 34823 4084 14 a a DT 34823 4084 15 single single JJ 34823 4084 16 day day NN 34823 4084 17 as as IN 34823 4084 18 the the DT 34823 4084 19 basis basis NN 34823 4084 20 for for IN 34823 4084 21 a a DT 34823 4084 22 year year NN 34823 4084 23 need nee MD 34823 4084 24 not not RB 34823 4084 25 be be VB 34823 4084 26 here here RB 34823 4084 27 discussed discuss VBN 34823 4084 28 . . . 34823 4085 1 I -PRON- PRP 34823 4085 2 should should MD 34823 4085 3 be be VB 34823 4085 4 disposed dispose VBN 34823 4085 5 to to TO 34823 4085 6 think think VB 34823 4085 7 that that IN 34823 4085 8 an an DT 34823 4085 9 indirect indirect JJ 34823 4085 10 calculation calculation NN 34823 4085 11 , , , 34823 4085 12 _ _ NNP 34823 4085 13 via via IN 34823 4085 14 _ _ NNP 34823 4085 15 clearings clearing NNS 34823 4085 16 , , , 34823 4085 17 in in IN 34823 4085 18 view view NN 34823 4085 19 of of IN 34823 4085 20 our -PRON- PRP$ 34823 4085 21 more more RBR 34823 4085 22 extensive extensive JJ 34823 4085 23 knowledge knowledge NN 34823 4085 24 of of IN 34823 4085 25 the the DT 34823 4085 26 relation relation NN 34823 4085 27 of of IN 34823 4085 28 clearings clearing NNS 34823 4085 29 to to TO 34823 4085 30 " " `` 34823 4085 31 total total JJ 34823 4085 32 transactions transaction NNS 34823 4085 33 , , , 34823 4085 34 " " `` 34823 4085 35 might may MD 34823 4085 36 well well RB 34823 4085 37 be be VB 34823 4085 38 worth worth JJ 34823 4085 39 more more JJR 34823 4085 40 , , , 34823 4085 41 so so RB 34823 4085 42 far far RB 34823 4085 43 as as IN 34823 4085 44 deposits deposit NNS 34823 4085 45 outside outside IN 34823 4085 46 New New NNP 34823 4085 47 York York NNP 34823 4085 48 are be VBP 34823 4085 49 concerned concern VBN 34823 4085 50 . . . 34823 4086 1 Since since IN 34823 4086 2 , , , 34823 4086 3 however however RB 34823 4086 4 , , , 34823 4086 5 we -PRON- PRP 34823 4086 6 lack lack VBP 34823 4086 7 any any DT 34823 4086 8 extended extended JJ 34823 4086 9 figures figure NNS 34823 4086 10 for for IN 34823 4086 11 the the DT 34823 4086 12 relation relation NN 34823 4086 13 of of IN 34823 4086 14 transactions transaction NNS 34823 4086 15 and and CC 34823 4086 16 clearings clearing NNS 34823 4086 17 in in IN 34823 4086 18 New New NNP 34823 4086 19 York York NNP 34823 4086 20 , , , 34823 4086 21 and and CC 34823 4086 22 since since IN 34823 4086 23 even even RB 34823 4086 24 for for IN 34823 4086 25 the the DT 34823 4086 26 country country NN 34823 4086 27 we -PRON- PRP 34823 4086 28 are be VBP 34823 4086 29 obliged oblige VBN 34823 4086 30 to to TO 34823 4086 31 make make VB 34823 4086 32 guesses guess NNS 34823 4086 33 as as IN 34823 4086 34 to to IN 34823 4086 35 the the DT 34823 4086 36 relation relation NN 34823 4086 37 of of IN 34823 4086 38 " " `` 34823 4086 39 checks check NNS 34823 4086 40 deposited deposit VBN 34823 4086 41 " " '' 34823 4086 42 to to IN 34823 4086 43 " " `` 34823 4086 44 total total JJ 34823 4086 45 transactions transaction NNS 34823 4086 46 , , , 34823 4086 47 " " `` 34823 4086 48 I -PRON- PRP 34823 4086 49 refrain refrain VBP 34823 4086 50 from from IN 34823 4086 51 trying try VBG 34823 4086 52 to to TO 34823 4086 53 improve improve VB 34823 4086 54 further further RB 34823 4086 55 on on IN 34823 4086 56 Professor Professor NNP 34823 4086 57 Fisher Fisher NNP 34823 4086 58 's 's POS 34823 4086 59 estimate estimate NN 34823 4086 60 for for IN 34823 4086 61 checks check NNS 34823 4086 62 deposited deposit VBN 34823 4086 63 in in IN 34823 4086 64 1909 1909 CD 34823 4086 65 - - SYM 34823 4086 66 -even -even CD 34823 4086 67 though though IN 34823 4086 68 questioning question VBG 34823 4086 69 that that IN 34823 4086 70 " " `` 34823 4086 71 check check VB 34823 4086 72 deposits deposit NNS 34823 4086 73 " " '' 34823 4086 74 and and CC 34823 4086 75 M´V M´V NNP 34823 4086 76 ´ ´ CD 34823 4086 77 are be VBP 34823 4086 78 identical identical JJ 34823 4086 79 . . . 34823 4087 1 What what WP 34823 4087 2 , , , 34823 4087 3 however however RB 34823 4087 4 , , , 34823 4087 5 shall shall MD 34823 4087 6 we -PRON- PRP 34823 4087 7 say say VB 34823 4087 8 of of IN 34823 4087 9 M´V m´v NN 34823 4087 10 ´ ´ NNP 34823 4087 11 for for IN 34823 4087 12 other other JJ 34823 4087 13 years year NNS 34823 4087 14 ? ? . 34823 4088 1 In in IN 34823 4088 2 the the DT 34823 4088 3 calculation calculation NN 34823 4088 4 of of IN 34823 4088 5 this this DT 34823 4088 6 , , , 34823 4088 7 Professor Professor NNP 34823 4088 8 Fisher Fisher NNP 34823 4088 9 relies rely VBZ 34823 4088 10 on on IN 34823 4088 11 the the DT 34823 4088 12 absolute absolute JJ 34823 4088 13 figures figure NNS 34823 4088 14 for for IN 34823 4088 15 1909 1909 CD 34823 4088 16 ( ( -LRB- 34823 4088 17 and and CC 34823 4088 18 1896 1896 CD 34823 4088 19 , , , 34823 4088 20 similarly similarly RB 34823 4088 21 calculated calculated JJ 34823 4088 22 ) ) -RRB- 34823 4088 23 , , , 34823 4088 24 together together RB 34823 4088 25 with with IN 34823 4088 26 an an DT 34823 4088 27 " " `` 34823 4088 28 index index NN 34823 4088 29 " " '' 34823 4088 30 based base VBN 34823 4088 31 on on IN 34823 4088 32 New New NNP 34823 4088 33 York York NNP 34823 4088 34 and and CC 34823 4088 35 country country NN 34823 4088 36 clearings clearing NNS 34823 4088 37 . . . 34823 4089 1 In in IN 34823 4089 2 this this DT 34823 4089 3 index index NN 34823 4089 4 he -PRON- PRP 34823 4089 5 weights weight VBZ 34823 4089 6 country country NN 34823 4089 7 clearings clearing NNS 34823 4089 8 by by IN 34823 4089 9 5,[414 5,[414 CD 34823 4089 10 ] ] -RRB- 34823 4089 11 and and CC 34823 4089 12 New New NNP 34823 4089 13 York York NNP 34823 4089 14 clearings clearing NNS 34823 4089 15 by by IN 34823 4089 16 1 1 CD 34823 4089 17 . . . 34823 4090 1 The the DT 34823 4090 2 result result NN 34823 4090 3 is be VBZ 34823 4090 4 , , , 34823 4090 5 of of IN 34823 4090 6 course course NN 34823 4090 7 , , , 34823 4090 8 that that IN 34823 4090 9 country country NN 34823 4090 10 clearings clearing NNS 34823 4090 11 dominate dominate VBP 34823 4090 12 the the DT 34823 4090 13 index index NN 34823 4090 14 . . . 34823 4091 1 But but CC 34823 4091 2 New New NNP 34823 4091 3 York York NNP 34823 4091 4 clearings clearing NNS 34823 4091 5 are be VBP 34823 4091 6 much much RB 34823 4091 7 more more RBR 34823 4091 8 variable variable JJ 34823 4091 9 than than IN 34823 4091 10 country country NN 34823 4091 11 clearings clearing NNS 34823 4091 12 . . . 34823 4092 1 The the DT 34823 4092 2 range range NN 34823 4092 3 of of IN 34823 4092 4 variation variation NN 34823 4092 5 in in IN 34823 4092 6 New New NNP 34823 4092 7 York York NNP 34823 4092 8 clearings clearing NNS 34823 4092 9 for for IN 34823 4092 10 the the DT 34823 4092 11 years year NNS 34823 4092 12 1897 1897 CD 34823 4092 13 to to IN 34823 4092 14 1908 1908 CD 34823 4092 15 , , , 34823 4092 16 inclusive inclusive JJ 34823 4092 17 , , , 34823 4092 18 is be VBZ 34823 4092 19 from from IN 34823 4092 20 33.4 33.4 CD 34823 4092 21 billions billion NNS 34823 4092 22 in in IN 34823 4092 23 1897 1897 CD 34823 4092 24 , , , 34823 4092 25 to to IN 34823 4092 26 104.7 104.7 CD 34823 4092 27 billions billion NNS 34823 4092 28 , , , 34823 4092 29 in in IN 34823 4092 30 1906 1906 CD 34823 4092 31 ; ; : 34823 4092 32 the the DT 34823 4092 33 latter latter JJ 34823 4092 34 figure figure NN 34823 4092 35 being be VBG 34823 4092 36 more more JJR 34823 4092 37 than than IN 34823 4092 38 three three CD 34823 4092 39 times time NNS 34823 4092 40 as as RB 34823 4092 41 great great JJ 34823 4092 42 as as IN 34823 4092 43 the the DT 34823 4092 44 former former JJ 34823 4092 45 . . . 34823 4093 1 The the DT 34823 4093 2 range range NN 34823 4093 3 in in IN 34823 4093 4 country country NN 34823 4093 5 clearings clearing NNS 34823 4093 6 is be VBZ 34823 4093 7 from from IN 34823 4093 8 23.8 23.8 CD 34823 4093 9 billions billion NNS 34823 4093 10 , , , 34823 4093 11 in in IN 34823 4093 12 1897 1897 CD 34823 4093 13 , , , 34823 4093 14 to to IN 34823 4093 15 57.8 57.8 CD 34823 4093 16 billions billion NNS 34823 4093 17 , , , 34823 4093 18 in in IN 34823 4093 19 1907 1907 CD 34823 4093 20 , , , 34823 4093 21 the the DT 34823 4093 22 latter latter JJ 34823 4093 23 figure figure NN 34823 4093 24 being be VBG 34823 4093 25 2 2 CD 34823 4093 26 - - SYM 34823 4093 27 10/23 10/23 CD 34823 4093 28 as as RB 34823 4093 29 great great JJ 34823 4093 30 as as IN 34823 4093 31 the the DT 34823 4093 32 former former JJ 34823 4093 33 . . . 34823 4094 1 But but CC 34823 4094 2 more more RBR 34823 4094 3 significant significant JJ 34823 4094 4 is be VBZ 34823 4094 5 the the DT 34823 4094 6 degree degree NN 34823 4094 7 of of IN 34823 4094 8 _ _ NNP 34823 4094 9 year year NN 34823 4094 10 by by IN 34823 4094 11 year year NN 34823 4094 12 _ _ NNP 34823 4094 13 variability variability NN 34823 4094 14 . . . 34823 4095 1 The the DT 34823 4095 2 country country NN 34823 4095 3 clearings clearing NNS 34823 4095 4 , , , 34823 4095 5 with with IN 34823 4095 6 the the DT 34823 4095 7 exception exception NN 34823 4095 8 of of IN 34823 4095 9 1908 1908 CD 34823 4095 10 , , , 34823 4095 11 always always RB 34823 4095 12 rise,--a rise,--a VB 34823 4095 13 steady steady JJ 34823 4095 14 , , , 34823 4095 15 if if IN 34823 4095 16 not not RB 34823 4095 17 quite quite RB 34823 4095 18 symmetrical symmetrical JJ 34823 4095 19 , , , 34823 4095 20 increase increase VB 34823 4095 21 . . . 34823 4096 1 New New NNP 34823 4096 2 York York NNP 34823 4096 3 clearings clearing NNS 34823 4096 4 , , , 34823 4096 5 however however RB 34823 4096 6 , , , 34823 4096 7 go go VB 34823 4096 8 up up RB 34823 4096 9 and and CC 34823 4096 10 down down RB 34823 4096 11 , , , 34823 4096 12 42 42 CD 34823 4096 13 billions billion NNS 34823 4096 14 in in IN 34823 4096 15 1898 1898 CD 34823 4096 16 , , , 34823 4096 17 60.8 60.8 CD 34823 4096 18 billions billion NNS 34823 4096 19 in in IN 34823 4096 20 1899 1899 CD 34823 4096 21 , , , 34823 4096 22 52.6 52.6 CD 34823 4096 23 billions billion NNS 34823 4096 24 in in IN 34823 4096 25 1900 1900 CD 34823 4096 26 , , , 34823 4096 27 79.4 79.4 CD 34823 4096 28 billions billion NNS 34823 4096 29 in in IN 34823 4096 30 1901 1901 CD 34823 4096 31 , , , 34823 4096 32 66.0 66.0 CD 34823 4096 33 billions billion NNS 34823 4096 34 in in IN 34823 4096 35 1903 1903 CD 34823 4096 36 , , , 34823 4096 37 104.7 104.7 CD 34823 4096 38 billions billion NNS 34823 4096 39 in in IN 34823 4096 40 1906 1906 CD 34823 4096 41 , , , 34823 4096 42 87.2 87.2 CD 34823 4096 43 billions billion NNS 34823 4096 44 in in IN 34823 4096 45 1907 1907 CD 34823 4096 46 , , , 34823 4096 47 79.3 79.3 CD 34823 4096 48 billions billion NNS 34823 4096 49 in in IN 34823 4096 50 1908 1908 CD 34823 4096 51 . . . 34823 4097 1 New New NNP 34823 4097 2 York York NNP 34823 4097 3 clearings clearing NNS 34823 4097 4 are be VBP 34823 4097 5 highly highly RB 34823 4097 6 variable variable JJ 34823 4097 7 in in IN 34823 4097 8 both both DT 34823 4097 9 directions direction NNS 34823 4097 10 , , , 34823 4097 11 while while IN 34823 4097 12 country country NN 34823 4097 13 clearings clearing NNS 34823 4097 14 vary vary VBP 34823 4097 15 almost almost RB 34823 4097 16 wholly wholly RB 34823 4097 17 in in IN 34823 4097 18 one one CD 34823 4097 19 direction direction NN 34823 4097 20 , , , 34823 4097 21 with with IN 34823 4097 22 a a DT 34823 4097 23 maximum maximum JJ 34823 4097 24 difference difference NN 34823 4097 25 of of IN 34823 4097 26 6.4 6.4 CD 34823 4097 27 billions billion NNS 34823 4097 28 between between IN 34823 4097 29 any any DT 34823 4097 30 two two CD 34823 4097 31 consecutive consecutive JJ 34823 4097 32 years year NNS 34823 4097 33 , , , 34823 4097 34 and and CC 34823 4097 35 with with IN 34823 4097 36 an an DT 34823 4097 37 average average JJ 34823 4097 38 yearly yearly JJ 34823 4097 39 variation variation NN 34823 4097 40 of of IN 34823 4097 41 only only RB 34823 4097 42 3.5 3.5 CD 34823 4097 43 billions billion NNS 34823 4097 44 . . . 34823 4098 1 [ [ -LRB- 34823 4098 2 415 415 CD 34823 4098 3 ] ] -RRB- 34823 4098 4 When when WRB 34823 4098 5 country country NN 34823 4098 6 clearings clearing NNS 34823 4098 7 are be VBP 34823 4098 8 weighted weight VBN 34823 4098 9 by by IN 34823 4098 10 5 5 CD 34823 4098 11 , , , 34823 4098 12 almost almost RB 34823 4098 13 all all DT 34823 4098 14 of of IN 34823 4098 15 the the DT 34823 4098 16 high high JJ 34823 4098 17 degree degree NN 34823 4098 18 of of IN 34823 4098 19 variability variability NN 34823 4098 20 of of IN 34823 4098 21 New New NNP 34823 4098 22 York York NNP 34823 4098 23 clearings clearing NNS 34823 4098 24 is be VBZ 34823 4098 25 covered cover VBN 34823 4098 26 up up RP 34823 4098 27 , , , 34823 4098 28 and and CC 34823 4098 29 volume volume NN 34823 4098 30 of of IN 34823 4098 31 checks check NNS 34823 4098 32 deposited deposit VBN 34823 4098 33 for for IN 34823 4098 34 years year NNS 34823 4098 35 other other JJ 34823 4098 36 than than IN 34823 4098 37 1909 1909 CD 34823 4098 38 and and CC 34823 4098 39 1896 1896 CD 34823 4098 40 is be VBZ 34823 4098 41 thrown throw VBN 34823 4098 42 hopelessly hopelessly RB 34823 4098 43 away away RB 34823 4098 44 from from IN 34823 4098 45 the the DT 34823 4098 46 facts fact NNS 34823 4098 47 . . . 34823 4099 1 It -PRON- PRP 34823 4099 2 is be VBZ 34823 4099 3 too too RB 34823 4099 4 large large JJ 34823 4099 5 by by IN 34823 4099 6 far far RB 34823 4099 7 in in IN 34823 4099 8 most most JJS 34823 4099 9 years year NNS 34823 4099 10 . . . 34823 4100 1 In in IN 34823 4100 2 1905 1905 CD 34823 4100 3 , , , 34823 4100 4 1906 1906 CD 34823 4100 5 and and CC 34823 4100 6 probably probably RB 34823 4100 7 1901 1901 CD 34823 4100 8 it -PRON- PRP 34823 4100 9 is be VBZ 34823 4100 10 too too RB 34823 4100 11 small small JJ 34823 4100 12 . . . 34823 4101 1 It -PRON- PRP 34823 4101 2 does do VBZ 34823 4101 3 not not RB 34823 4101 4 vary vary VB 34823 4101 5 nearly nearly RB 34823 4101 6 enough enough RB 34823 4101 7 . . . 34823 4102 1 As as IN 34823 4102 2 V v NN 34823 4102 3 ´ ´ CD 34823 4102 4 for for IN 34823 4102 5 years year NNS 34823 4102 6 other other JJ 34823 4102 7 than than IN 34823 4102 8 1909 1909 CD 34823 4102 9 and and CC 34823 4102 10 1896 1896 CD 34823 4102 11 is be VBZ 34823 4102 12 determined determine VBN 34823 4102 13 , , , 34823 4102 14 for for IN 34823 4102 15 Professor Professor NNP 34823 4102 16 Fisher Fisher NNP 34823 4102 17 's 's POS 34823 4102 18 equation equation NN 34823 4102 19 , , , 34823 4102 20 by by IN 34823 4102 21 dividing divide VBG 34823 4102 22 the the DT 34823 4102 23 M´V M´V NNP 34823 4102 24 ´ ´ CD 34823 4102 25 thus thus RB 34823 4102 26 estimated estimate VBN 34823 4102 27 by by IN 34823 4102 28 the the DT 34823 4102 29 M M NNP 34823 4102 30 ´ ´ CD 34823 4102 31 for for IN 34823 4102 32 the the DT 34823 4102 33 year year NN 34823 4102 34 , , , 34823 4102 35 it -PRON- PRP 34823 4102 36 is be VBZ 34823 4102 37 clear clear JJ 34823 4102 38 that that IN 34823 4102 39 V V NNP 34823 4102 40 ´ ´ NNP 34823 4102 41 as as IN 34823 4102 42 estimated estimate VBN 34823 4102 43 by by IN 34823 4102 44 Professor Professor NNP 34823 4102 45 Fisher Fisher NNP 34823 4102 46 is be VBZ 34823 4102 47 very very RB 34823 4102 48 much much RB 34823 4102 49 less less RBR 34823 4102 50 variable variable JJ 34823 4102 51 than than IN 34823 4102 52 it -PRON- PRP 34823 4102 53 is be VBZ 34823 4102 54 in in IN 34823 4102 55 fact fact NN 34823 4102 56 . . . 34823 4103 1 It -PRON- PRP 34823 4103 2 is be VBZ 34823 4103 3 pretty pretty RB 34823 4103 4 variable variable JJ 34823 4103 5 even even RB 34823 4103 6 in in IN 34823 4103 7 his -PRON- PRP$ 34823 4103 8 figures figure NNS 34823 4103 9 , , , 34823 4103 10 but but CC 34823 4103 11 his -PRON- PRP$ 34823 4103 12 figures figure NNS 34823 4103 13 do do VBP 34823 4103 14 not not RB 34823 4103 15 nearly nearly RB 34823 4103 16 show show VB 34823 4103 17 how how WRB 34823 4103 18 variable variable JJ 34823 4103 19 it -PRON- PRP 34823 4103 20 is be VBZ 34823 4103 21 . . . 34823 4104 1 [ [ -LRB- 34823 4104 2 416 416 CD 34823 4104 3 ] ] -RRB- 34823 4104 4 Again again RB 34823 4104 5 , , , 34823 4104 6 this this DT 34823 4104 7 undue undue JJ 34823 4104 8 weighting weighting NN 34823 4104 9 of of IN 34823 4104 10 country country NN 34823 4104 11 clearings clearing NNS 34823 4104 12 , , , 34823 4104 13 swallowing swallow VBG 34823 4104 14 up up RP 34823 4104 15 New New NNP 34823 4104 16 York York NNP 34823 4104 17 , , , 34823 4104 18 vitiates vitiate VBZ 34823 4104 19 Professor Professor NNP 34823 4104 20 Fisher Fisher NNP 34823 4104 21 's 's POS 34823 4104 22 estimates estimate NNS 34823 4104 23 for for IN 34823 4104 24 V v NN 34823 4104 25 , , , 34823 4104 26 the the DT 34823 4104 27 velocity velocity NN 34823 4104 28 of of IN 34823 4104 29 money money NN 34823 4104 30 , , , 34823 4104 31 for for IN 34823 4104 32 years year NNS 34823 4104 33 other other JJ 34823 4104 34 than than IN 34823 4104 35 1909 1909 CD 34823 4104 36 and and CC 34823 4104 37 1896 1896 CD 34823 4104 38 . . . 34823 4105 1 One one CD 34823 4105 2 of of IN 34823 4105 3 the the DT 34823 4105 4 elements element NNS 34823 4105 5 in in IN 34823 4105 6 the the DT 34823 4105 7 calculation calculation NN 34823 4105 8 of of IN 34823 4105 9 V V NNP 34823 4105 10 is be VBZ 34823 4105 11 the the DT 34823 4105 12 estimated estimate VBN 34823 4105 13 V V NNP 34823 4105 14 ´ ´ NNP 34823 4105 15 . . . 34823 4106 1 [ [ -LRB- 34823 4106 2 417 417 CD 34823 4106 3 ] ] -RRB- 34823 4106 4 Since since IN 34823 4106 5 V v NN 34823 4106 6 ´ ´ CD 34823 4106 7 is be VBZ 34823 4106 8 wrong wrong JJ 34823 4106 9 , , , 34823 4106 10 V V NNP 34823 4106 11 will will MD 34823 4106 12 also also RB 34823 4106 13 be be VB 34823 4106 14 wrong wrong JJ 34823 4106 15 . . . 34823 4107 1 V V NNP 34823 4107 2 is be VBZ 34823 4107 3 probably probably RB 34823 4107 4 much much RB 34823 4107 5 more more RBR 34823 4107 6 variable variable JJ 34823 4107 7 than than IN 34823 4107 8 Professor Professor NNP 34823 4107 9 Fisher Fisher NNP 34823 4107 10 's 's POS 34823 4107 11 figures figure NNS 34823 4107 12 would would MD 34823 4107 13 indicate indicate VB 34823 4107 14 . . . 34823 4108 1 With with IN 34823 4108 2 great great JJ 34823 4108 3 admiration admiration NN 34823 4108 4 for for IN 34823 4108 5 the the DT 34823 4108 6 ingenuity ingenuity NN 34823 4108 7 of of IN 34823 4108 8 Professor Professor NNP 34823 4108 9 Fisher Fisher NNP 34823 4108 10 's 's POS 34823 4108 11 speculations speculation NNS 34823 4108 12 regarding regard VBG 34823 4108 13 V v NN 34823 4108 14 , , , 34823 4108 15 I -PRON- PRP 34823 4108 16 find find VBP 34823 4108 17 too too RB 34823 4108 18 many many JJ 34823 4108 19 elements element NNS 34823 4108 20 of of IN 34823 4108 21 conjecture conjecture NN 34823 4108 22 , , , 34823 4108 23 and and CC 34823 4108 24 too too RB 34823 4108 25 many many JJ 34823 4108 26 arbitrary arbitrary JJ 34823 4108 27 assumptions assumption NNS 34823 4108 28 , , , 34823 4108 29 to to TO 34823 4108 30 give give VB 34823 4108 31 me -PRON- PRP 34823 4108 32 confidence confidence NN 34823 4108 33 in in IN 34823 4108 34 the the DT 34823 4108 35 figure figure NN 34823 4108 36 for for IN 34823 4108 37 any any DT 34823 4108 38 year year NN 34823 4108 39 . . . 34823 4109 1 I -PRON- PRP 34823 4109 2 refrain refrain VBP 34823 4109 3 from from IN 34823 4109 4 going go VBG 34823 4109 5 into into IN 34823 4109 6 any any DT 34823 4109 7 general general JJ 34823 4109 8 criticism criticism NN 34823 4109 9 of of IN 34823 4109 10 his -PRON- PRP$ 34823 4109 11 method method NN 34823 4109 12 of of IN 34823 4109 13 calculating calculate VBG 34823 4109 14 V v NN 34823 4109 15 , , , 34823 4109 16 however however RB 34823 4109 17 , , , 34823 4109 18 contenting content VBG 34823 4109 19 myself -PRON- PRP 34823 4109 20 with with IN 34823 4109 21 the the DT 34823 4109 22 one one CD 34823 4109 23 clear clear JJ 34823 4109 24 point point NN 34823 4109 25 that that IN 34823 4109 26 , , , 34823 4109 27 to to IN 34823 4109 28 the the DT 34823 4109 29 extent extent NN 34823 4109 30 that that IN 34823 4109 31 the the DT 34823 4109 32 values value NNS 34823 4109 33 of of IN 34823 4109 34 V v NN 34823 4109 35 for for IN 34823 4109 36 years year NNS 34823 4109 37 other other JJ 34823 4109 38 than than IN 34823 4109 39 1909 1909 CD 34823 4109 40 and and CC 34823 4109 41 1896 1896 CD 34823 4109 42 depend depend VB 34823 4109 43 on on IN 34823 4109 44 the the DT 34823 4109 45 estimated estimate VBN 34823 4109 46 M´V M´V NNP 34823 4109 47 ´ ´ NNP 34823 4109 48 for for IN 34823 4109 49 those those DT 34823 4109 50 years year NNS 34823 4109 51 , , , 34823 4109 52 they -PRON- PRP 34823 4109 53 are be VBP 34823 4109 54 less less RBR 34823 4109 55 variable variable JJ 34823 4109 56 than than IN 34823 4109 57 they -PRON- PRP 34823 4109 58 ought ought MD 34823 4109 59 to to TO 34823 4109 60 be be VB 34823 4109 61 . . . 34823 4110 1 [ [ -LRB- 34823 4110 2 418 418 CD 34823 4110 3 ] ] -RRB- 34823 4110 4 The the DT 34823 4110 5 same same JJ 34823 4110 6 conclusion conclusion NN 34823 4110 7 regarding regard VBG 34823 4110 8 Professor Professor NNP 34823 4110 9 Fisher Fisher NNP 34823 4110 10 's 's POS 34823 4110 11 estimates estimate NNS 34823 4110 12 for for IN 34823 4110 13 V v NN 34823 4110 14 ´ ´ CD 34823 4110 15 have have VBP 34823 4110 16 been be VBN 34823 4110 17 reached reach VBN 34823 4110 18 , , , 34823 4110 19 by by IN 34823 4110 20 a a DT 34823 4110 21 different different JJ 34823 4110 22 method method NN 34823 4110 23 , , , 34823 4110 24 by by IN 34823 4110 25 Professor Professor NNP 34823 4110 26 Wesley Wesley NNP 34823 4110 27 C. C. NNP 34823 4110 28 Mitchell Mitchell NNP 34823 4110 29 . . . 34823 4111 1 He -PRON- PRP 34823 4111 2 , , , 34823 4111 3 too too RB 34823 4111 4 , , , 34823 4111 5 concludes conclude VBZ 34823 4111 6 that that IN 34823 4111 7 V V NNP 34823 4111 8 ´ ´ CD 34823 4111 9 is be VBZ 34823 4111 10 , , , 34823 4111 11 in in IN 34823 4111 12 fact fact NN 34823 4111 13 , , , 34823 4111 14 more more RBR 34823 4111 15 variable variable JJ 34823 4111 16 than than IN 34823 4111 17 Professor Professor NNP 34823 4111 18 Fisher Fisher NNP 34823 4111 19 would would MD 34823 4111 20 indicate indicate VB 34823 4111 21 . . . 34823 4112 1 [ [ -LRB- 34823 4112 2 419 419 CD 34823 4112 3 ] ] -RRB- 34823 4112 4 I -PRON- PRP 34823 4112 5 conclude conclude VBP 34823 4112 6 , , , 34823 4112 7 therefore therefore RB 34823 4112 8 , , , 34823 4112 9 that that IN 34823 4112 10 neither neither CC 34823 4112 11 V V NNP 34823 4112 12 ´ ´ CD 34823 4112 13 nor nor CC 34823 4112 14 V v NN 34823 4112 15 has have VBZ 34823 4112 16 been be VBN 34823 4112 17 correctly correctly RB 34823 4112 18 calculated calculate VBN 34823 4112 19 , , , 34823 4112 20 for for IN 34823 4112 21 years year NNS 34823 4112 22 other other JJ 34823 4112 23 than than IN 34823 4112 24 1909 1909 CD 34823 4112 25 and and CC 34823 4112 26 1896 1896 CD 34823 4112 27 . . . 34823 4113 1 I -PRON- PRP 34823 4113 2 pass pass VBP 34823 4113 3 now now RB 34823 4113 4 to to IN 34823 4113 5 a a DT 34823 4113 6 consideration consideration NN 34823 4113 7 of of IN 34823 4113 8 T t NN 34823 4113 9 , , , 34823 4113 10 the the DT 34823 4113 11 volume volume NN 34823 4113 12 of of IN 34823 4113 13 trade trade NN 34823 4113 14 , , , 34823 4113 15 after after IN 34823 4113 16 which which WDT 34823 4113 17 I -PRON- PRP 34823 4113 18 shall shall MD 34823 4113 19 consider consider VB 34823 4113 20 P p NN 34823 4113 21 , , , 34823 4113 22 the the DT 34823 4113 23 price price NN 34823 4113 24 - - HYPH 34823 4113 25 level level NN 34823 4113 26 , , , 34823 4113 27 in in IN 34823 4113 28 the the DT 34823 4113 29 equation equation NN 34823 4113 30 of of IN 34823 4113 31 exchange exchange NN 34823 4113 32 . . . 34823 4114 1 Let let VB 34823 4114 2 us -PRON- PRP 34823 4114 3 first first RB 34823 4114 4 recall recall VB 34823 4114 5 the the DT 34823 4114 6 point point NN 34823 4114 7 made make VBN 34823 4114 8 in in IN 34823 4114 9 the the DT 34823 4114 10 chapter chapter NN 34823 4114 11 on on IN 34823 4114 12 " " `` 34823 4114 13 The the DT 34823 4114 14 Equation Equation NNP 34823 4114 15 of of IN 34823 4114 16 Exchange Exchange NNP 34823 4114 17 , , , 34823 4114 18 " " '' 34823 4114 19 that that IN 34823 4114 20 P p NN 34823 4114 21 and and CC 34823 4114 22 T t NN 34823 4114 23 , , , 34823 4114 24 the the DT 34823 4114 25 price price NN 34823 4114 26 - - HYPH 34823 4114 27 level level NN 34823 4114 28 and and CC 34823 4114 29 the the DT 34823 4114 30 volume volume NN 34823 4114 31 of of IN 34823 4114 32 trade trade NN 34823 4114 33 , , , 34823 4114 34 are be VBP 34823 4114 35 not not RB 34823 4114 36 independent independent JJ 34823 4114 37 even even RB 34823 4114 38 in in IN 34823 4114 39 idea idea NN 34823 4114 40 . . . 34823 4115 1 If if IN 34823 4115 2 one one CD 34823 4115 3 is be VBZ 34823 4115 4 given give VBN 34823 4115 5 an an DT 34823 4115 6 independent independent JJ 34823 4115 7 definition definition NN 34823 4115 8 , , , 34823 4115 9 the the DT 34823 4115 10 other other JJ 34823 4115 11 can can MD 34823 4115 12 not not RB 34823 4115 13 be be VB 34823 4115 14 given give VBN 34823 4115 15 an an DT 34823 4115 16 independent independent JJ 34823 4115 17 definition definition NN 34823 4115 18 . . . 34823 4116 1 If if IN 34823 4116 2 the the DT 34823 4116 3 equation equation NN 34823 4116 4 is be VBZ 34823 4116 5 to to TO 34823 4116 6 be be VB 34823 4116 7 true true JJ 34823 4116 8 , , , 34823 4116 9 then then RB 34823 4116 10 P p PRP 34823 4116 11 must must MD 34823 4116 12 be be VB 34823 4116 13 weighted weight VBN 34823 4116 14 by by IN 34823 4116 15 the the DT 34823 4116 16 numbers number NNS 34823 4116 17 of of IN 34823 4116 18 each each DT 34823 4116 19 item item NN 34823 4116 20 ( ( -LRB- 34823 4116 21 as as IN 34823 4116 22 hats hat NNS 34823 4116 23 ) ) -RRB- 34823 4116 24 exchanged exchange VBD 34823 4116 25 . . . 34823 4117 1 P p NN 34823 4117 2 is be VBZ 34823 4117 3 not not RB 34823 4117 4 a a DT 34823 4117 5 mere mere JJ 34823 4117 6 average average NN 34823 4117 7 , , , 34823 4117 8 but but CC 34823 4117 9 is be VBZ 34823 4117 10 a a DT 34823 4117 11 _ _ NNP 34823 4117 12 weighted weight VBD 34823 4117 13 _ _ NNP 34823 4117 14 average average NN 34823 4117 15 , , , 34823 4117 16 and and CC 34823 4117 17 T T NNP 34823 4117 18 is be VBZ 34823 4117 19 always always RB 34823 4117 20 the the DT 34823 4117 21 denominator denominator NN 34823 4117 22 in in IN 34823 4117 23 the the DT 34823 4117 24 formula formula NN 34823 4117 25 for for IN 34823 4117 26 P. P. NNP 34823 4117 27 In in IN 34823 4117 28 developing develop VBG 34823 4117 29 statistics statistic NNS 34823 4117 30 for for IN 34823 4117 31 P p NN 34823 4117 32 and and CC 34823 4117 33 T T NNP 34823 4117 34 , , , 34823 4117 35 therefore therefore RB 34823 4117 36 , , , 34823 4117 37 this this DT 34823 4117 38 fact fact NN 34823 4117 39 must must MD 34823 4117 40 be be VB 34823 4117 41 kept keep VBN 34823 4117 42 in in IN 34823 4117 43 mind mind NN 34823 4117 44 , , , 34823 4117 45 and and CC 34823 4117 46 the the DT 34823 4117 47 elements element NNS 34823 4117 48 entering enter VBG 34823 4117 49 into into IN 34823 4117 50 each each DT 34823 4117 51 must must MD 34823 4117 52 coincide coincide VB 34823 4117 53 , , , 34823 4117 54 and and CC 34823 4117 55 vary vary VBP 34823 4117 56 together together RB 34823 4117 57 year year NN 34823 4117 58 by by IN 34823 4117 59 year year NN 34823 4117 60 . . . 34823 4118 1 In in IN 34823 4118 2 our -PRON- PRP$ 34823 4118 3 chapter chapter NN 34823 4118 4 on on IN 34823 4118 5 " " `` 34823 4118 6 The the DT 34823 4118 7 Volume volume NN 34823 4118 8 of of IN 34823 4118 9 Money money NN 34823 4118 10 and and CC 34823 4118 11 the the DT 34823 4118 12 Volume Volume NNP 34823 4118 13 of of IN 34823 4118 14 Trade Trade NNP 34823 4118 15 , , , 34823 4118 16 " " `` 34823 4118 17 we -PRON- PRP 34823 4118 18 showed show VBD 34823 4118 19 that that IN 34823 4118 20 the the DT 34823 4118 21 great great JJ 34823 4118 22 bulk bulk NN 34823 4118 23 of of IN 34823 4118 24 trade trade NN 34823 4118 25 is be VBZ 34823 4118 26 speculation speculation NN 34823 4118 27 . . . 34823 4119 1 We -PRON- PRP 34823 4119 2 showed show VBD 34823 4119 3 that that IN 34823 4119 4 the the DT 34823 4119 5 _ _ NNP 34823 4119 6 indicia indicia NNP 34823 4119 7 _ _ NNP 34823 4119 8 of of IN 34823 4119 9 variation variation NN 34823 4119 10 which which WDT 34823 4119 11 Fisher[420 Fisher[420 NNP 34823 4119 12 ] ] -RRB- 34823 4119 13 and and CC 34823 4119 14 Kemmerer Kemmerer NNP 34823 4119 15 have have VBP 34823 4119 16 constructed construct VBN 34823 4119 17 for for IN 34823 4119 18 trade trade NN 34823 4119 19 , , , 34823 4119 20 dominated dominate VBN 34823 4119 21 by by IN 34823 4119 22 inflexible inflexible JJ 34823 4119 23 physical physical JJ 34823 4119 24 items item NNS 34823 4119 25 of of IN 34823 4119 26 consumption consumption NN 34823 4119 27 and and CC 34823 4119 28 production production NN 34823 4119 29 , , , 34823 4119 30 give give VBP 34823 4119 31 wholly wholly RB 34823 4119 32 misleading misleading JJ 34823 4119 33 results result NNS 34823 4119 34 for for IN 34823 4119 35 every every DT 34823 4119 36 year year NN 34823 4119 37 except except IN 34823 4119 38 the the DT 34823 4119 39 base base NN 34823 4119 40 year year NN 34823 4119 41 . . . 34823 4120 1 They -PRON- PRP 34823 4120 2 give give VBP 34823 4120 3 a a DT 34823 4120 4 steadily steadily RB 34823 4120 5 growing grow VBG 34823 4120 6 , , , 34823 4120 7 inflexible inflexible JJ 34823 4120 8 figure figure NN 34823 4120 9 , , , 34823 4120 10 with with IN 34823 4120 11 little little JJ 34823 4120 12 variation variation NN 34823 4120 13 from from IN 34823 4120 14 its -PRON- PRP$ 34823 4120 15 steady steady JJ 34823 4120 16 path path NN 34823 4120 17 . . . 34823 4121 1 Trade trade NN 34823 4121 2 , , , 34823 4121 3 if if IN 34823 4121 4 chiefly chiefly JJ 34823 4121 5 speculation speculation NN 34823 4121 6 , , , 34823 4121 7 is be VBZ 34823 4121 8 highly highly RB 34823 4121 9 flexible flexible JJ 34823 4121 10 , , , 34823 4121 11 varies vary VBZ 34823 4121 12 enormously enormously RB 34823 4121 13 from from IN 34823 4121 14 year year NN 34823 4121 15 to to IN 34823 4121 16 year year NN 34823 4121 17 , , , 34823 4121 18 waxes wax NNS 34823 4121 19 and and CC 34823 4121 20 wanes wane NNS 34823 4121 21 . . . 34823 4122 1 This this DT 34823 4122 2 point point NN 34823 4122 3 need nee MD 34823 4122 4 not not RB 34823 4122 5 be be VB 34823 4122 6 further further RB 34823 4122 7 developed develop VBN 34823 4122 8 . . . 34823 4123 1 At at IN 34823 4123 2 best good JJS 34823 4123 3 Fisher Fisher NNP 34823 4123 4 's 's POS 34823 4123 5 figure figure NN 34823 4123 6 for for IN 34823 4123 7 trade trade NN 34823 4123 8 can can MD 34823 4123 9 be be VB 34823 4123 10 accepted accept VBN 34823 4123 11 only only RB 34823 4123 12 for for IN 34823 4123 13 one one CD 34823 4123 14 year year NN 34823 4123 15 , , , 34823 4123 16 1909 1909 CD 34823 4123 17 . . . 34823 4124 1 Is be VBZ 34823 4124 2 , , , 34823 4124 3 however however RB 34823 4124 4 , , , 34823 4124 5 the the DT 34823 4124 6 figure figure NN 34823 4124 7 for for IN 34823 4124 8 1909 1909 CD 34823 4124 9 , , , 34823 4124 10 387 387 CD 34823 4124 11 billions billion NNS 34823 4124 12 , , , 34823 4124 13 an an DT 34823 4124 14 acceptable acceptable JJ 34823 4124 15 figure figure NN 34823 4124 16 ? ? . 34823 4125 1 Is be VBZ 34823 4125 2 it -PRON- PRP 34823 4125 3 not not RB 34823 4125 4 decidedly decidedly RB 34823 4125 5 too too RB 34823 4125 6 large large JJ 34823 4125 7 ? ? . 34823 4126 1 It -PRON- PRP 34823 4126 2 is be VBZ 34823 4126 3 made make VBN 34823 4126 4 up up RP 34823 4126 5 , , , 34823 4126 6 it -PRON- PRP 34823 4126 7 will will MD 34823 4126 8 be be VB 34823 4126 9 recalled recall VBN 34823 4126 10 , , , 34823 4126 11 by by IN 34823 4126 12 taking take VBG 34823 4126 13 the the DT 34823 4126 14 figures figure NNS 34823 4126 15 for for IN 34823 4126 16 MV MV NNP 34823 4126 17 and and CC 34823 4126 18 M´V M´V NNP 34823 4126 19 ´ ´ CD 34823 4126 20 , , , 34823 4126 21 adding add VBG 34823 4126 22 them -PRON- PRP 34823 4126 23 together together RB 34823 4126 24 to to TO 34823 4126 25 get get VB 34823 4126 26 one one CD 34823 4126 27 side side NN 34823 4126 28 of of IN 34823 4126 29 the the DT 34823 4126 30 equation equation NN 34823 4126 31 , , , 34823 4126 32 and and CC 34823 4126 33 declaring declare VBG 34823 4126 34 them -PRON- PRP 34823 4126 35 equal equal JJ 34823 4126 36 to to IN 34823 4126 37 PT PT NNP 34823 4126 38 . . . 34823 4127 1 P p NN 34823 4127 2 is be VBZ 34823 4127 3 then then RB 34823 4127 4 declared declare VBN 34823 4127 5 to to TO 34823 4127 6 be be VB 34823 4127 7 $ $ $ 34823 4127 8 1 1 CD 34823 4127 9 , , , 34823 4127 10 by by IN 34823 4127 11 the the DT 34823 4127 12 arbitrary arbitrary JJ 34823 4127 13 device device NN 34823 4127 14 of of IN 34823 4127 15 taking taking NN 34823 4127 16 as as IN 34823 4127 17 the the DT 34823 4127 18 unit unit NN 34823 4127 19 of of IN 34823 4127 20 T T NNP 34823 4127 21 one one CD 34823 4127 22 dollar dollar NN 34823 4127 23 's 's POS 34823 4127 24 worth worth NN 34823 4127 25 of of IN 34823 4127 26 every every DT 34823 4127 27 sort sort NN 34823 4127 28 of of RB 34823 4127 29 good good JJ 34823 4127 30 at at IN 34823 4127 31 the the DT 34823 4127 32 prices price NNS 34823 4127 33 of of IN 34823 4127 34 1909 1909 CD 34823 4127 35 . . . 34823 4128 1 T T NNP 34823 4128 2 is be VBZ 34823 4128 3 , , , 34823 4128 4 then then RB 34823 4128 5 , , , 34823 4128 6 387 387 CD 34823 4128 7 billions billion NNS 34823 4128 8 , , , 34823 4128 9 since since IN 34823 4128 10 MV MV NNP 34823 4128 11 plus plus CC 34823 4128 12 M´V M´V NNP 34823 4128 13 ´ ´ CD 34823 4128 14 equals equal VBZ 34823 4128 15 387 387 CD 34823 4128 16 billions billion NNS 34823 4128 17 . . . 34823 4129 1 The the DT 34823 4129 2 theory theory NN 34823 4129 3 underlying underlie VBG 34823 4129 4 this this DT 34823 4129 5 is be VBZ 34823 4129 6 that that IN 34823 4129 7 deposits deposit NNS 34823 4129 8 made make VBN 34823 4129 9 in in IN 34823 4129 10 banks bank NNS 34823 4129 11 correctly correctly RB 34823 4129 12 represent represent VBP 34823 4129 13 trade trade NN 34823 4129 14 . . . 34823 4130 1 [ [ -LRB- 34823 4130 2 421 421 CD 34823 4130 3 ] ] -RRB- 34823 4130 4 Our -PRON- PRP$ 34823 4130 5 criticisms criticism NNS 34823 4130 6 as as IN 34823 4130 7 to to IN 34823 4130 8 the the DT 34823 4130 9 absolute absolute JJ 34823 4130 10 magnitude magnitude NN 34823 4130 11 assigned assign VBN 34823 4130 12 to to IN 34823 4130 13 T T NNP 34823 4130 14 ( ( -LRB- 34823 4130 15 and and CC 34823 4130 16 hence hence RB 34823 4130 17 to to IN 34823 4130 18 MV MV NNP 34823 4130 19 plus plus CC 34823 4130 20 M´V M´V NNP 34823 4130 21 ´ ´ CD 34823 4130 22 ) ) -RRB- 34823 4130 23 will will MD 34823 4130 24 rest rest VB 34823 4130 25 in in IN 34823 4130 26 large large JJ 34823 4130 27 measure measure NN 34823 4130 28 in in IN 34823 4130 29 challenging challenge VBG 34823 4130 30 this this DT 34823 4130 31 assumption assumption NN 34823 4130 32 . . . 34823 4131 1 It -PRON- PRP 34823 4131 2 is be VBZ 34823 4131 3 our -PRON- PRP$ 34823 4131 4 contention[422 contention[422 NN 34823 4131 5 ] ] -RRB- 34823 4131 6 that that WDT 34823 4131 7 deposits deposit NNS 34823 4131 8 made make VBN 34823 4131 9 in in IN 34823 4131 10 banks bank NNS 34823 4131 11 very very RB 34823 4131 12 greatly greatly RB 34823 4131 13 overcount overcount VBP 34823 4131 14 trade trade NN 34823 4131 15 . . . 34823 4132 1 Deposits deposit NNS 34823 4132 2 made make VBN 34823 4132 3 in in IN 34823 4132 4 banks bank NNS 34823 4132 5 include include VBP 34823 4132 6 taxes taxis NNS 34823 4132 7 and and CC 34823 4132 8 other other JJ 34823 4132 9 public public JJ 34823 4132 10 revenues revenue NNS 34823 4132 11 ; ; : 34823 4132 12 they -PRON- PRP 34823 4132 13 include include VBP 34823 4132 14 loans loan NNS 34823 4132 15 and and CC 34823 4132 16 repayments repayment NNS 34823 4132 17 , , , 34823 4132 18 and and CC 34823 4132 19 interest interest NN 34823 4132 20 - - HYPH 34823 4132 21 payments payment NNS 34823 4132 22 ; ; : 34823 4132 23 they -PRON- PRP 34823 4132 24 include include VBP 34823 4132 25 gifts gift NNS 34823 4132 26 and and CC 34823 4132 27 benevolences benevolence NNS 34823 4132 28 , , , 34823 4132 29 money money NN 34823 4132 30 sent send VBN 34823 4132 31 by by IN 34823 4132 32 parents parent NNS 34823 4132 33 to to IN 34823 4132 34 children child NNS 34823 4132 35 away away RB 34823 4132 36 from from IN 34823 4132 37 home home NN 34823 4132 38 , , , 34823 4132 39 pensions pension NNS 34823 4132 40 , , , 34823 4132 41 payments payment NNS 34823 4132 42 of of IN 34823 4132 43 insurance insurance NN 34823 4132 44 losses loss NNS 34823 4132 45 , , , 34823 4132 46 annuities annuity NNS 34823 4132 47 , , , 34823 4132 48 dividends dividend NNS 34823 4132 49 on on IN 34823 4132 50 stocks stock NNS 34823 4132 51 , , , 34823 4132 52 payments payment NNS 34823 4132 53 to to IN 34823 4132 54 and and CC 34823 4132 55 from from IN 34823 4132 56 savings saving NNS 34823 4132 57 and and CC 34823 4132 58 loan loan NN 34823 4132 59 associations association NNS 34823 4132 60 , , , 34823 4132 61 fines fine NNS 34823 4132 62 , , , 34823 4132 63 contributions contribution NNS 34823 4132 64 to to IN 34823 4132 65 churches church NNS 34823 4132 66 , , , 34823 4132 67 and and CC 34823 4132 68 other other JJ 34823 4132 69 non non JJ 34823 4132 70 - - JJ 34823 4132 71 commercial commercial JJ 34823 4132 72 organizations organization NNS 34823 4132 73 , , , 34823 4132 74 etc etc FW 34823 4132 75 . . FW 34823 4132 76 , , , 34823 4132 77 etc etc FW 34823 4132 78 . . . 34823 4133 1 None none NN 34823 4133 2 of of IN 34823 4133 3 this this DT 34823 4133 4 represents represent VBZ 34823 4133 5 trade trade NN 34823 4133 6 . . . 34823 4134 1 But but CC 34823 4134 2 further far RBR 34823 4134 3 , , , 34823 4134 4 whether whether IN 34823 4134 5 payments payment NNS 34823 4134 6 are be VBP 34823 4134 7 in in IN 34823 4134 8 trade trade NN 34823 4134 9 or or CC 34823 4134 10 not not RB 34823 4134 11 , , , 34823 4134 12 many many JJ 34823 4134 13 times time NNS 34823 4134 14 indeed indeed RB 34823 4134 15 does do VBZ 34823 4134 16 it -PRON- PRP 34823 4134 17 happen happen VB 34823 4134 18 that that IN 34823 4134 19 several several JJ 34823 4134 20 checks check NNS 34823 4134 21 are be VBP 34823 4134 22 drawn draw VBN 34823 4134 23 in in IN 34823 4134 24 connection connection NN 34823 4134 25 with with IN 34823 4134 26 the the DT 34823 4134 27 same same JJ 34823 4134 28 transaction transaction NN 34823 4134 29 . . . 34823 4135 1 Professor Professor NNP 34823 4135 2 Kemmerer Kemmerer NNP 34823 4135 3 , , , 34823 4135 4 entertaining entertain VBG 34823 4135 5 this this DT 34823 4135 6 possibility possibility NN 34823 4135 7 , , , 34823 4135 8 thought think VBD 34823 4135 9 it -PRON- PRP 34823 4135 10 might may MD 34823 4135 11 be be VB 34823 4135 12 neutralized neutralize VBN 34823 4135 13 by by IN 34823 4135 14 cases case NNS 34823 4135 15 where where WRB 34823 4135 16 the the DT 34823 4135 17 same same JJ 34823 4135 18 check check NN 34823 4135 19 passes pass VBZ 34823 4135 20 through through IN 34823 4135 21 several several JJ 34823 4135 22 hands hand NNS 34823 4135 23 , , , 34823 4135 24 making make VBG 34823 4135 25 payments payment NNS 34823 4135 26 in in IN 34823 4135 27 several several JJ 34823 4135 28 different different JJ 34823 4135 29 transactions transaction NNS 34823 4135 30 . . . 34823 4136 1 He -PRON- PRP 34823 4136 2 calls call VBZ 34823 4136 3 this this DT 34823 4136 4 , , , 34823 4136 5 however however RB 34823 4136 6 , , , 34823 4136 7 a a DT 34823 4136 8 " " `` 34823 4136 9 gratuitous gratuitous JJ 34823 4136 10 assumption assumption NN 34823 4136 11 of of IN 34823 4136 12 unverifiable unverifiable JJ 34823 4136 13 accuracy,"[423 accuracy,"[423 NN 34823 4136 14 ] ] -RRB- 34823 4136 15 and and CC 34823 4136 16 makes make VBZ 34823 4136 17 no no DT 34823 4136 18 claim claim NN 34823 4136 19 to to TO 34823 4136 20 have have VB 34823 4136 21 given give VBN 34823 4136 22 the the DT 34823 4136 23 matter matter NN 34823 4136 24 careful careful JJ 34823 4136 25 study study NN 34823 4136 26 . . . 34823 4137 1 In in IN 34823 4137 2 general general JJ 34823 4137 3 , , , 34823 4137 4 I -PRON- PRP 34823 4137 5 think think VBP 34823 4137 6 it -PRON- PRP 34823 4137 7 safe safe JJ 34823 4137 8 to to TO 34823 4137 9 hold hold VB 34823 4137 10 that that IN 34823 4137 11 the the DT 34823 4137 12 case case NN 34823 4137 13 where where WRB 34823 4137 14 a a DT 34823 4137 15 single single JJ 34823 4137 16 check check NN 34823 4137 17 passes pass VBZ 34823 4137 18 through through IN 34823 4137 19 several several JJ 34823 4137 20 hands hand NNS 34823 4137 21 is be VBZ 34823 4137 22 not not RB 34823 4137 23 important important JJ 34823 4137 24 . . . 34823 4138 1 [ [ -LRB- 34823 4138 2 424 424 CD 34823 4138 3 ] ] -RRB- 34823 4138 4 It -PRON- PRP 34823 4138 5 will will MD 34823 4138 6 happen happen VB 34823 4138 7 chiefly chiefly RB 34823 4138 8 with with IN 34823 4138 9 small small JJ 34823 4138 10 checks check NNS 34823 4138 11 in in IN 34823 4138 12 small small JJ 34823 4138 13 places place NNS 34823 4138 14 , , , 34823 4138 15 or or CC 34823 4138 16 with with IN 34823 4138 17 small small JJ 34823 4138 18 checks check NNS 34823 4138 19 paid pay VBN 34823 4138 20 to to IN 34823 4138 21 laborers laborer NNS 34823 4138 22 . . . 34823 4139 1 It -PRON- PRP 34823 4139 2 is be VBZ 34823 4139 3 the the DT 34823 4139 4 pecuniary pecuniary JJ 34823 4139 5 magnitude magnitude NN 34823 4139 6 of of IN 34823 4139 7 checks check NNS 34823 4139 8 , , , 34823 4139 9 rather rather RB 34823 4139 10 than than IN 34823 4139 11 their -PRON- PRP$ 34823 4139 12 number number NN 34823 4139 13 , , , 34823 4139 14 that that IN 34823 4139 15 counts count VBZ 34823 4139 16 here here RB 34823 4139 17 . . . 34823 4140 1 I -PRON- PRP 34823 4140 2 am be VBP 34823 4140 3 informed inform VBN 34823 4140 4 by by IN 34823 4140 5 several several JJ 34823 4140 6 bankers banker NNS 34823 4140 7 that that IN 34823 4140 8 large large JJ 34823 4140 9 checks check NNS 34823 4140 10 are be VBP 34823 4140 11 almost almost RB 34823 4140 12 universally universally RB 34823 4140 13 deposited deposit VBN 34823 4140 14 at at IN 34823 4140 15 once once RB 34823 4140 16 . . . 34823 4141 1 This this DT 34823 4141 2 is be VBZ 34823 4141 3 for for IN 34823 4141 4 several several JJ 34823 4141 5 reasons reason NNS 34823 4141 6 : : : 34823 4141 7 ( ( -LRB- 34823 4141 8 1 1 LS 34823 4141 9 ) ) -RRB- 34823 4141 10 The the DT 34823 4141 11 recipient recipient NN 34823 4141 12 of of IN 34823 4141 13 the the DT 34823 4141 14 check check NN 34823 4141 15 wishes wish VBZ 34823 4141 16 to to TO 34823 4141 17 make make VB 34823 4141 18 sure sure JJ 34823 4141 19 that that IN 34823 4141 20 it -PRON- PRP 34823 4141 21 is be VBZ 34823 4141 22 good good JJ 34823 4141 23 . . . 34823 4142 1 ( ( -LRB- 34823 4142 2 2 2 LS 34823 4142 3 ) ) -RRB- 34823 4142 4 It -PRON- PRP 34823 4142 5 is be VBZ 34823 4142 6 unlikely unlikely JJ 34823 4142 7 that that IN 34823 4142 8 the the DT 34823 4142 9 check check NN 34823 4142 10 is be VBZ 34823 4142 11 of of IN 34823 4142 12 the the DT 34823 4142 13 right right JJ 34823 4142 14 size size NN 34823 4142 15 for for IN 34823 4142 16 another another DT 34823 4142 17 transaction transaction NN 34823 4142 18 , , , 34823 4142 19 unless unless IN 34823 4142 20 the the DT 34823 4142 21 recipient recipient NN 34823 4142 22 is be VBZ 34823 4142 23 a a DT 34823 4142 24 mere mere JJ 34823 4142 25 agent agent NN 34823 4142 26 for for IN 34823 4142 27 a a DT 34823 4142 28 third third JJ 34823 4142 29 party party NN 34823 4142 30 , , , 34823 4142 31 in in IN 34823 4142 32 which which WDT 34823 4142 33 case case NN 34823 4142 34 he -PRON- PRP 34823 4142 35 should should MD 34823 4142 36 ( ( -LRB- 34823 4142 37 but but CC 34823 4142 38 commonly commonly RB 34823 4142 39 does do VBZ 34823 4142 40 not not RB 34823 4142 41 ) ) -RRB- 34823 4142 42 pass pass VB 34823 4142 43 it -PRON- PRP 34823 4142 44 on on RP 34823 4142 45 to to IN 34823 4142 46 his -PRON- PRP$ 34823 4142 47 principal principal NN 34823 4142 48 , , , 34823 4142 49 if if IN 34823 4142 50 double double JJ 34823 4142 51 counting counting NN 34823 4142 52 is be VBZ 34823 4142 53 to to TO 34823 4142 54 be be VB 34823 4142 55 avoided avoid VBN 34823 4142 56 . . . 34823 4143 1 ( ( -LRB- 34823 4143 2 3 3 LS 34823 4143 3 ) ) -RRB- 34823 4143 4 Every every DT 34823 4143 5 person person NN 34823 4143 6 who who WP 34823 4143 7 handles handle VBZ 34823 4143 8 sums sum NNS 34823 4143 9 of of IN 34823 4143 10 any any DT 34823 4143 11 size size NN 34823 4143 12 wishes wish VBZ 34823 4143 13 a a DT 34823 4143 14 record record NN 34823 4143 15 of of IN 34823 4143 16 the the DT 34823 4143 17 transaction transaction NN 34823 4143 18 , , , 34823 4143 19 and and CC 34823 4143 20 his -PRON- PRP$ 34823 4143 21 own own JJ 34823 4143 22 canceled cancel VBN 34823 4143 23 check check NN 34823 4143 24 is be VBZ 34823 4143 25 a a DT 34823 4143 26 receipt receipt NN 34823 4143 27 which which WDT 34823 4143 28 he -PRON- PRP 34823 4143 29 would would MD 34823 4143 30 not not RB 34823 4143 31 have have VB 34823 4143 32 if if IN 34823 4143 33 he -PRON- PRP 34823 4143 34 passed pass VBD 34823 4143 35 on on IN 34823 4143 36 the the DT 34823 4143 37 check check NN 34823 4143 38 of of IN 34823 4143 39 another another DT 34823 4143 40 . . . 34823 4144 1 This this DT 34823 4144 2 last last JJ 34823 4144 3 point point NN 34823 4144 4 will will MD 34823 4144 5 go go VB 34823 4144 6 far far RB 34823 4144 7 toward toward IN 34823 4144 8 explaining explain VBG 34823 4144 9 why why WRB 34823 4144 10 bank bank NN 34823 4144 11 transactions transaction NNS 34823 4144 12 may may MD 34823 4144 13 multiply multiply VB 34823 4144 14 without without IN 34823 4144 15 a a DT 34823 4144 16 corresponding corresponding JJ 34823 4144 17 multiplication multiplication NN 34823 4144 18 of of IN 34823 4144 19 trade trade NN 34823 4144 20 . . . 34823 4145 1 The the DT 34823 4145 2 banks bank NNS 34823 4145 3 do do VBP 34823 4145 4 the the DT 34823 4145 5 bookkeeping bookkeeping NN 34823 4145 6 for for IN 34823 4145 7 modern modern JJ 34823 4145 8 business business NN 34823 4145 9 in in IN 34823 4145 10 increasing increase VBG 34823 4145 11 degree degree NN 34823 4145 12 . . . 34823 4146 1 Checks check NNS 34823 4146 2 are be VBP 34823 4146 3 records record NNS 34823 4146 4 , , , 34823 4146 5 of of IN 34823 4146 6 high high JJ 34823 4146 7 legal legal JJ 34823 4146 8 value value NN 34823 4146 9 . . . 34823 4147 1 A a DT 34823 4147 2 colleague colleague NN 34823 4147 3 recently recently RB 34823 4147 4 told tell VBD 34823 4147 5 me -PRON- PRP 34823 4147 6 that that IN 34823 4147 7 he -PRON- PRP 34823 4147 8 , , , 34823 4147 9 in in IN 34823 4147 10 his -PRON- PRP$ 34823 4147 11 own own JJ 34823 4147 12 capacity capacity NN 34823 4147 13 , , , 34823 4147 14 had have VBD 34823 4147 15 just just RB 34823 4147 16 drawn draw VBN 34823 4147 17 a a DT 34823 4147 18 check check NN 34823 4147 19 to to IN 34823 4147 20 himself -PRON- PRP 34823 4147 21 , , , 34823 4147 22 as as IN 34823 4147 23 trustee trustee NN 34823 4147 24 , , , 34823 4147 25 transferring transfer VBG 34823 4147 26 a a DT 34823 4147 27 sum sum NN 34823 4147 28 from from IN 34823 4147 29 one one CD 34823 4147 30 account account NN 34823 4147 31 to to IN 34823 4147 32 another another DT 34823 4147 33 . . . 34823 4148 1 Another another DT 34823 4148 2 colleague colleague NN 34823 4148 3 , , , 34823 4148 4 with with IN 34823 4148 5 eight eight CD 34823 4148 6 different different JJ 34823 4148 7 bank bank NN 34823 4148 8 accounts account NNS 34823 4148 9 , , , 34823 4148 10 estimates estimate VBZ 34823 4148 11 that that IN 34823 4148 12 over over IN 34823 4148 13 50 50 CD 34823 4148 14 % % NN 34823 4148 15 of of IN 34823 4148 16 the the DT 34823 4148 17 deposits deposit NNS 34823 4148 18 in in IN 34823 4148 19 three three CD 34823 4148 20 of of IN 34823 4148 21 them -PRON- PRP 34823 4148 22 represent represent VBP 34823 4148 23 transfers transfer NNS 34823 4148 24 from from IN 34823 4148 25 other other JJ 34823 4148 26 accounts account NNS 34823 4148 27 . . . 34823 4149 1 This this DT 34823 4149 2 kind kind NN 34823 4149 3 of of IN 34823 4149 4 duplication duplication NN 34823 4149 5 , , , 34823 4149 6 where where WRB 34823 4149 7 trust trust NN 34823 4149 8 relations relation NNS 34823 4149 9 are be VBP 34823 4149 10 involved involve VBN 34823 4149 11 , , , 34823 4149 12 is be VBZ 34823 4149 13 enormous enormous JJ 34823 4149 14 . . . 34823 4150 1 Intercorporate intercorporate JJ 34823 4150 2 relations relation NNS 34823 4150 3 and and CC 34823 4150 4 separate separate JJ 34823 4150 5 bank bank NN 34823 4150 6 accounts account NNS 34823 4150 7 within within IN 34823 4150 8 a a DT 34823 4150 9 corporation corporation NN 34823 4150 10 complicate complicate VBP 34823 4150 11 it -PRON- PRP 34823 4150 12 still still RB 34823 4150 13 further further RB 34823 4150 14 . . . 34823 4151 1 A a DT 34823 4151 2 check check NN 34823 4151 3 is be VBZ 34823 4151 4 drawn draw VBN 34823 4151 5 by by IN 34823 4151 6 a a DT 34823 4151 7 subsidiary subsidiary JJ 34823 4151 8 corporation corporation NN 34823 4151 9 to to IN 34823 4151 10 its -PRON- PRP$ 34823 4151 11 dividend dividend NN 34823 4151 12 account account NN 34823 4151 13 , , , 34823 4151 14 and and CC 34823 4151 15 deposited deposit VBD 34823 4151 16 ; ; : 34823 4151 17 a a DT 34823 4151 18 check check NN 34823 4151 19 on on IN 34823 4151 20 this this DT 34823 4151 21 dividend dividend NN 34823 4151 22 account[425 account[425 . 34823 4151 23 ] ] -RRB- 34823 4151 24 is be VBZ 34823 4151 25 then then RB 34823 4151 26 deposited deposit VBN 34823 4151 27 in in IN 34823 4151 28 the the DT 34823 4151 29 general general JJ 34823 4151 30 account account NN 34823 4151 31 of of IN 34823 4151 32 the the DT 34823 4151 33 parent parent NN 34823 4151 34 corporation corporation NN 34823 4151 35 ; ; : 34823 4151 36 a a DT 34823 4151 37 third third JJ 34823 4151 38 deposit deposit NN 34823 4151 39 , , , 34823 4151 40 of of IN 34823 4151 41 the the DT 34823 4151 42 same same JJ 34823 4151 43 funds fund NNS 34823 4151 44 , , , 34823 4151 45 is be VBZ 34823 4151 46 then then RB 34823 4151 47 made make VBN 34823 4151 48 in in IN 34823 4151 49 the the DT 34823 4151 50 dividend dividend NN 34823 4151 51 account account NN 34823 4151 52 of of IN 34823 4151 53 the the DT 34823 4151 54 parent parent NN 34823 4151 55 corporation corporation NN 34823 4151 56 ; ; : 34823 4151 57 a a DT 34823 4151 58 fourth fourth JJ 34823 4151 59 deposit deposit NN 34823 4151 60 of of IN 34823 4151 61 the the DT 34823 4151 62 same same JJ 34823 4151 63 funds fund NNS 34823 4151 64 is be VBZ 34823 4151 65 made make VBN 34823 4151 66 in in IN 34823 4151 67 a a DT 34823 4151 68 trust trust NN 34823 4151 69 fund fund NN 34823 4151 70 which which WDT 34823 4151 71 holds hold VBZ 34823 4151 72 stock stock NN 34823 4151 73 in in IN 34823 4151 74 the the DT 34823 4151 75 parent parent NN 34823 4151 76 corporation corporation NN 34823 4151 77 ; ; : 34823 4151 78 a a DT 34823 4151 79 fifth fifth JJ 34823 4151 80 deposit deposit NN 34823 4151 81 in in IN 34823 4151 82 the the DT 34823 4151 83 personal personal JJ 34823 4151 84 account account NN 34823 4151 85 of of IN 34823 4151 86 the the DT 34823 4151 87 beneficiary beneficiary NN 34823 4151 88 of of IN 34823 4151 89 the the DT 34823 4151 90 trust trust NN 34823 4151 91 fund fund NN 34823 4151 92 ; ; : 34823 4151 93 a a DT 34823 4151 94 sixth sixth JJ 34823 4151 95 deposit deposit NN 34823 4151 96 may may MD 34823 4151 97 be be VB 34823 4151 98 made make VBN 34823 4151 99 of of IN 34823 4151 100 a a DT 34823 4151 101 check check NN 34823 4151 102 on on IN 34823 4151 103 this this DT 34823 4151 104 fund fund NN 34823 4151 105 in in IN 34823 4151 106 the the DT 34823 4151 107 personal personal JJ 34823 4151 108 account account NN 34823 4151 109 of of IN 34823 4151 110 the the DT 34823 4151 111 beneficiary beneficiary NN 34823 4151 112 's 's POS 34823 4151 113 wife wife NN 34823 4151 114 . . . 34823 4152 1 The the DT 34823 4152 2 first first JJ 34823 4152 3 three three CD 34823 4152 4 of of IN 34823 4152 5 these these DT 34823 4152 6 deposits deposit NNS 34823 4152 7 , , , 34823 4152 8 at at IN 34823 4152 9 least least JJS 34823 4152 10 , , , 34823 4152 11 will will MD 34823 4152 12 be be VB 34823 4152 13 made make VBN 34823 4152 14 of of IN 34823 4152 15 the the DT 34823 4152 16 total total JJ 34823 4152 17 dividend dividend NN 34823 4152 18 of of IN 34823 4152 19 the the DT 34823 4152 20 subsidiary subsidiary JJ 34823 4152 21 corporation corporation NN 34823 4152 22 . . . 34823 4153 1 _ _ NNP 34823 4153 2 Not not RB 34823 4153 3 one one CD 34823 4153 4 _ _ NNP 34823 4153 5 of of IN 34823 4153 6 these these DT 34823 4153 7 six six CD 34823 4153 8 deposits deposit NNS 34823 4153 9 represents represent VBZ 34823 4153 10 _ _ NNP 34823 4153 11 trade trade NN 34823 4153 12 _ _ NNP 34823 4153 13 . . . 34823 4154 1 Payments payment NNS 34823 4154 2 of of IN 34823 4154 3 wages wage NNS 34823 4154 4 and and CC 34823 4154 5 rents rent NNS 34823 4154 6 should should MD 34823 4154 7 count count VB 34823 4154 8 as as IN 34823 4154 9 trade trade NN 34823 4154 10 , , , 34823 4154 11 but but CC 34823 4154 12 payments payment NNS 34823 4154 13 of of IN 34823 4154 14 interest interest NN 34823 4154 15 and and CC 34823 4154 16 dividends dividend NNS 34823 4154 17 stand stand VBP 34823 4154 18 on on IN 34823 4154 19 a a DT 34823 4154 20 separate separate JJ 34823 4154 21 footing footing NN 34823 4154 22 . . . 34823 4155 1 When when WRB 34823 4155 2 a a DT 34823 4155 3 man man NN 34823 4155 4 has have VBZ 34823 4155 5 bought buy VBN 34823 4155 6 a a DT 34823 4155 7 stock stock NN 34823 4155 8 or or CC 34823 4155 9 a a DT 34823 4155 10 bond bond NN 34823 4155 11 , , , 34823 4155 12 he -PRON- PRP 34823 4155 13 has have VBZ 34823 4155 14 already already RB 34823 4155 15 bought buy VBN 34823 4155 16 all all PDT 34823 4155 17 the the DT 34823 4155 18 income income NN 34823 4155 19 which which WDT 34823 4155 20 is be VBZ 34823 4155 21 to to TO 34823 4155 22 come come VB 34823 4155 23 from from IN 34823 4155 24 them -PRON- PRP 34823 4155 25 , , , 34823 4155 26 and and CC 34823 4155 27 to to TO 34823 4155 28 count count VB 34823 4155 29 the the DT 34823 4155 30 interest interest NN 34823 4155 31 and and CC 34823 4155 32 dividends dividend NNS 34823 4155 33 as as IN 34823 4155 34 separate separate JJ 34823 4155 35 items item NNS 34823 4155 36 is be VBZ 34823 4155 37 double double JJ 34823 4155 38 counting counting NN 34823 4155 39 . . . 34823 4156 1 They -PRON- PRP 34823 4156 2 are be VBP 34823 4156 3 _ _ NNP 34823 4156 4 payments payment NNS 34823 4156 5 _ _ NNP 34823 4156 6 , , , 34823 4156 7 but but CC 34823 4156 8 not not RB 34823 4156 9 _ _ NNP 34823 4156 10 trade trade NN 34823 4156 11 _ _ NNP 34823 4156 12 . . . 34823 4157 1 Even even RB 34823 4157 2 if if IN 34823 4157 3 the the DT 34823 4157 4 dividend dividend NN 34823 4157 5 payment payment NN 34823 4157 6 be be VB 34823 4157 7 counted count VBN 34823 4157 8 as as IN 34823 4157 9 trade trade NN 34823 4157 10 , , , 34823 4157 11 however however RB 34823 4157 12 , , , 34823 4157 13 it -PRON- PRP 34823 4157 14 is be VBZ 34823 4157 15 counted count VBN 34823 4157 16 _ _ NNP 34823 4157 17 six six CD 34823 4157 18 _ _ NNP 34823 4157 19 times time NNS 34823 4157 20 . . . 34823 4158 1 There there EX 34823 4158 2 is be VBZ 34823 4158 3 enormous enormous JJ 34823 4158 4 overcounting overcounting NN 34823 4158 5 as as IN 34823 4158 6 a a DT 34823 4158 7 consequence consequence NN 34823 4158 8 of of IN 34823 4158 9 the the DT 34823 4158 10 combinations combination NNS 34823 4158 11 of of IN 34823 4158 12 corporations corporation NNS 34823 4158 13 , , , 34823 4158 14 each each DT 34823 4158 15 of of IN 34823 4158 16 which which WDT 34823 4158 17 retains retain VBZ 34823 4158 18 its -PRON- PRP$ 34823 4158 19 own own JJ 34823 4158 20 numerous numerous JJ 34823 4158 21 bank bank NN 34823 4158 22 accounts account NNS 34823 4158 23 . . . 34823 4159 1 The the DT 34823 4159 2 Interstate Interstate NNP 34823 4159 3 Commerce Commerce NNP 34823 4159 4 Commission Commission NNP 34823 4159 5 calls call VBZ 34823 4159 6 attention attention NN 34823 4159 7 to to IN 34823 4159 8 great great JJ 34823 4159 9 duplications duplication NNS 34823 4159 10 from from IN 34823 4159 11 this this DT 34823 4159 12 cause cause NN 34823 4159 13 in in IN 34823 4159 14 connection connection NN 34823 4159 15 with with IN 34823 4159 16 railway railway NN 34823 4159 17 income income NN 34823 4159 18 accounts account NNS 34823 4159 19 . . . 34823 4160 1 [ [ -LRB- 34823 4160 2 426 426 CD 34823 4160 3 ] ] -RRB- 34823 4160 4 Even even RB 34823 4160 5 within within IN 34823 4160 6 single single JJ 34823 4160 7 corporations corporation NNS 34823 4160 8 the the DT 34823 4160 9 duplications[427 duplications[427 NN 34823 4160 10 ] ] -RRB- 34823 4160 11 are be VBP 34823 4160 12 very very RB 34823 4160 13 great great JJ 34823 4160 14 . . . 34823 4161 1 Thus thus RB 34823 4161 2 , , , 34823 4161 3 the the DT 34823 4161 4 local local JJ 34823 4161 5 agent agent NN 34823 4161 6 of of IN 34823 4161 7 a a DT 34823 4161 8 railroad railroad NN 34823 4161 9 deposits deposit VBZ 34823 4161 10 his -PRON- PRP$ 34823 4161 11 receipts receipt NNS 34823 4161 12 in in IN 34823 4161 13 a a DT 34823 4161 14 local local JJ 34823 4161 15 bank bank NN 34823 4161 16 . . . 34823 4162 1 His -PRON- PRP$ 34823 4162 2 check check NN 34823 4162 3 , , , 34823 4162 4 or or CC 34823 4162 5 , , , 34823 4162 6 more more RBR 34823 4162 7 usually usually RB 34823 4162 8 , , , 34823 4162 9 the the DT 34823 4162 10 draft draft NN 34823 4162 11 of of IN 34823 4162 12 the the DT 34823 4162 13 bank bank NN 34823 4162 14 , , , 34823 4162 15 is be VBZ 34823 4162 16 subsequently subsequently RB 34823 4162 17 deposited deposit VBN 34823 4162 18 in in IN 34823 4162 19 a a DT 34823 4162 20 bank bank NN 34823 4162 21 at at IN 34823 4162 22 headquarters headquarters NN 34823 4162 23 . . . 34823 4163 1 Subsequent subsequent JJ 34823 4163 2 disbursements disbursement NNS 34823 4163 3 , , , 34823 4163 4 in in IN 34823 4163 5 places place NNS 34823 4163 6 away away RB 34823 4163 7 from from IN 34823 4163 8 headquarters headquarter NNS 34823 4163 9 , , , 34823 4163 10 particularly particularly RB 34823 4163 11 of of IN 34823 4163 12 wages wage NNS 34823 4163 13 , , , 34823 4163 14 will will MD 34823 4163 15 frequently frequently RB 34823 4163 16 be be VB 34823 4163 17 preceded precede VBN 34823 4163 18 by by IN 34823 4163 19 deposits deposit NNS 34823 4163 20 in in IN 34823 4163 21 other other JJ 34823 4163 22 local local JJ 34823 4163 23 banks bank NNS 34823 4163 24 . . . 34823 4164 1 This this DT 34823 4164 2 duplication duplication NN 34823 4164 3 will will MD 34823 4164 4 be be VB 34823 4164 5 true true JJ 34823 4164 6 of of IN 34823 4164 7 telegraph telegraph NN 34823 4164 8 , , , 34823 4164 9 telephone telephone NN 34823 4164 10 , , , 34823 4164 11 insurance insurance NN 34823 4164 12 and and CC 34823 4164 13 other other JJ 34823 4164 14 companies company NNS 34823 4164 15 which which WDT 34823 4164 16 have have VBP 34823 4164 17 scattered scatter VBN 34823 4164 18 agencies agency NNS 34823 4164 19 , , , 34823 4164 20 including include VBG 34823 4164 21 the the DT 34823 4164 22 wholesale wholesale JJ 34823 4164 23 trade trade NN 34823 4164 24 . . . 34823 4165 1 Advertising advertising NN 34823 4165 2 agencies agency NNS 34823 4165 3 will will MD 34823 4165 4 illustrate illustrate VB 34823 4165 5 it -PRON- PRP 34823 4165 6 . . . 34823 4166 1 _ _ NNP 34823 4166 2 All all DT 34823 4166 3 _ _ NNP 34823 4166 4 checks check NNS 34823 4166 5 between between IN 34823 4166 6 agent agent NN 34823 4166 7 and and CC 34823 4166 8 principal principal NN 34823 4166 9 , , , 34823 4166 10 customer customer NN 34823 4166 11 and and CC 34823 4166 12 broker broker NN 34823 4166 13 , , , 34823 4166 14 etc etc FW 34823 4166 15 . . FW 34823 4166 16 , , , 34823 4166 17 will will MD 34823 4166 18 illustrate illustrate VB 34823 4166 19 it -PRON- PRP 34823 4166 20 . . . 34823 4167 1 There there EX 34823 4167 2 is be VBZ 34823 4167 3 a a DT 34823 4167 4 great great JJ 34823 4167 5 deal deal NN 34823 4167 6 of of IN 34823 4167 7 double double JJ 34823 4167 8 counting counting NN 34823 4167 9 in in IN 34823 4167 10 stock stock NN 34823 4167 11 transactions transaction NNS 34823 4167 12 from from IN 34823 4167 13 this this DT 34823 4167 14 source source NN 34823 4167 15 . . . 34823 4168 1 Thus thus RB 34823 4168 2 , , , 34823 4168 3 a a DT 34823 4168 4 Boston Boston NNP 34823 4168 5 broker broker NN 34823 4168 6 takes take VBZ 34823 4168 7 orders order NNS 34823 4168 8 , , , 34823 4168 9 with with IN 34823 4168 10 a a DT 34823 4168 11 check check NN 34823 4168 12 for for IN 34823 4168 13 margin margin NN 34823 4168 14 , , , 34823 4168 15 for for IN 34823 4168 16 execution execution NN 34823 4168 17 in in IN 34823 4168 18 New New NNP 34823 4168 19 York York NNP 34823 4168 20 . . . 34823 4169 1 The the DT 34823 4169 2 order order NN 34823 4169 3 is be VBZ 34823 4169 4 executed execute VBN 34823 4169 5 by by IN 34823 4169 6 a a DT 34823 4169 7 New New NNP 34823 4169 8 York York NNP 34823 4169 9 broker broker NN 34823 4169 10 , , , 34823 4169 11 who who WP 34823 4169 12 deals deal VBZ 34823 4169 13 with with IN 34823 4169 14 another another DT 34823 4169 15 New New NNP 34823 4169 16 York York NNP 34823 4169 17 broker broker NN 34823 4169 18 , , , 34823 4169 19 who who WP 34823 4169 20 represents represent VBZ 34823 4169 21 a a DT 34823 4169 22 Louisville Louisville NNP 34823 4169 23 broker broker NN 34823 4169 24 , , , 34823 4169 25 who who WP 34823 4169 26 represents represent VBZ 34823 4169 27 a a DT 34823 4169 28 Louisville Louisville NNP 34823 4169 29 client client NN 34823 4169 30 . . . 34823 4170 1 Now now RB 34823 4170 2 to to IN 34823 4170 3 the the DT 34823 4170 4 extent extent NN 34823 4170 5 that that IN 34823 4170 6 any any DT 34823 4170 7 checks check NNS 34823 4170 8 at at IN 34823 4170 9 all all DT 34823 4170 10 pass pass NN 34823 4170 11 between between IN 34823 4170 12 the the DT 34823 4170 13 Boston Boston NNP 34823 4170 14 broker broker NN 34823 4170 15 and and CC 34823 4170 16 his -PRON- PRP$ 34823 4170 17 client client NN 34823 4170 18 , , , 34823 4170 19 the the DT 34823 4170 20 Boston Boston NNP 34823 4170 21 broker broker NN 34823 4170 22 and and CC 34823 4170 23 the the DT 34823 4170 24 New New NNP 34823 4170 25 York York NNP 34823 4170 26 broker broker NN 34823 4170 27 , , , 34823 4170 28 the the DT 34823 4170 29 other other JJ 34823 4170 30 New New NNP 34823 4170 31 York York NNP 34823 4170 32 broker broker NN 34823 4170 33 and and CC 34823 4170 34 the the DT 34823 4170 35 Louisville Louisville NNP 34823 4170 36 broker broker NN 34823 4170 37 , , , 34823 4170 38 or or CC 34823 4170 39 the the DT 34823 4170 40 Louisville Louisville NNP 34823 4170 41 broker broker NN 34823 4170 42 and and CC 34823 4170 43 his -PRON- PRP$ 34823 4170 44 client client NN 34823 4170 45 , , , 34823 4170 46 we -PRON- PRP 34823 4170 47 have have VBP 34823 4170 48 overcounting overcounting NN 34823 4170 49 . . . 34823 4171 1 Only only RB 34823 4171 2 the the DT 34823 4171 3 check check NN 34823 4171 4 between between IN 34823 4171 5 the the DT 34823 4171 6 two two CD 34823 4171 7 New New NNP 34823 4171 8 York York NNP 34823 4171 9 brokers broker NNS 34823 4171 10 is be VBZ 34823 4171 11 properly properly RB 34823 4171 12 counted count VBN 34823 4171 13 . . . 34823 4172 1 It -PRON- PRP 34823 4172 2 is be VBZ 34823 4172 3 , , , 34823 4172 4 of of IN 34823 4172 5 course course NN 34823 4172 6 , , , 34823 4172 7 well well RB 34823 4172 8 known know VBN 34823 4172 9 that that IN 34823 4172 10 a a DT 34823 4172 11 small small JJ 34823 4172 12 percentage percentage NN 34823 4172 13 of of IN 34823 4172 14 the the DT 34823 4172 15 dealings dealing NNS 34823 4172 16 of of IN 34823 4172 17 a a DT 34823 4172 18 customer customer NN 34823 4172 19 of of IN 34823 4172 20 a a DT 34823 4172 21 brokerage brokerage NN 34823 4172 22 house house NN 34823 4172 23 is be VBZ 34823 4172 24 represented represent VBN 34823 4172 25 by by IN 34823 4172 26 checks check NNS 34823 4172 27 between between IN 34823 4172 28 broker broker NN 34823 4172 29 and and CC 34823 4172 30 customer customer NN 34823 4172 31 . . . 34823 4173 1 Professor Professor NNP 34823 4173 2 Fisher Fisher NNP 34823 4173 3 states state VBZ 34823 4173 4 this this DT 34823 4173 5 to to TO 34823 4173 6 be be VB 34823 4173 7 about about RB 34823 4173 8 5 5 CD 34823 4173 9 % % NN 34823 4173 10 . . . 34823 4174 1 [ [ -LRB- 34823 4174 2 428 428 CD 34823 4174 3 ] ] -RRB- 34823 4174 4 It -PRON- PRP 34823 4174 5 is be VBZ 34823 4174 6 , , , 34823 4174 7 however however RB 34823 4174 8 , , , 34823 4174 9 5 5 CD 34823 4174 10 % % NN 34823 4174 11 of of IN 34823 4174 12 overcounting overcounting NN 34823 4174 13 ! ! . 34823 4175 1 Moreover moreover RB 34823 4175 2 , , , 34823 4175 3 through through IN 34823 4175 4 keeping keep VBG 34823 4175 5 " " `` 34823 4175 6 open open JJ 34823 4175 7 accounts account NNS 34823 4175 8 , , , 34823 4175 9 " " '' 34823 4175 10 with with IN 34823 4175 11 irregular irregular JJ 34823 4175 12 settlements settlement NNS 34823 4175 13 of of IN 34823 4175 14 " " `` 34823 4175 15 margins margin NNS 34823 4175 16 " " '' 34823 4175 17 only only RB 34823 4175 18 , , , 34823 4175 19 the the DT 34823 4175 20 Boston Boston NNP 34823 4175 21 broker broker NN 34823 4175 22 and and CC 34823 4175 23 the the DT 34823 4175 24 New New NNP 34823 4175 25 York York NNP 34823 4175 26 broker broker NN 34823 4175 27 reduce reduce VBP 34823 4175 28 markedly markedly RB 34823 4175 29 the the DT 34823 4175 30 checks check NNS 34823 4175 31 passing pass VBG 34823 4175 32 between between IN 34823 4175 33 them -PRON- PRP 34823 4175 34 . . . 34823 4176 1 There there EX 34823 4176 2 is be VBZ 34823 4176 3 a a DT 34823 4176 4 back back NN 34823 4176 5 and and CC 34823 4176 6 forth forth RB 34823 4176 7 flow flow NN 34823 4176 8 of of IN 34823 4176 9 items item NNS 34823 4176 10 which which WDT 34823 4176 11 in in IN 34823 4176 12 large large JJ 34823 4176 13 degree degree NN 34823 4176 14 cancel cancel VB 34823 4176 15 one one CD 34823 4176 16 another another DT 34823 4176 17 , , , 34823 4176 18 since since IN 34823 4176 19 the the DT 34823 4176 20 Boston Boston NNP 34823 4176 21 broker broker NN 34823 4176 22 sells sell VBZ 34823 4176 23 in in IN 34823 4176 24 New New NNP 34823 4176 25 York York NNP 34823 4176 26 as as RB 34823 4176 27 well well RB 34823 4176 28 as as IN 34823 4176 29 buys buy NNS 34823 4176 30 there there RB 34823 4176 31 , , , 34823 4176 32 and and CC 34823 4176 33 the the DT 34823 4176 34 New New NNP 34823 4176 35 York York NNP 34823 4176 36 broker broker NN 34823 4176 37 , , , 34823 4176 38 to to IN 34823 4176 39 a a DT 34823 4176 40 less less JJR 34823 4176 41 degree degree NN 34823 4176 42 , , , 34823 4176 43 both both DT 34823 4176 44 buys buy NNS 34823 4176 45 and and CC 34823 4176 46 sells sell VBZ 34823 4176 47 Boston Boston NNP 34823 4176 48 securities security NNS 34823 4176 49 , , , 34823 4176 50 through through IN 34823 4176 51 his -PRON- PRP$ 34823 4176 52 Boston Boston NNP 34823 4176 53 correspondent correspondent NN 34823 4176 54 . . . 34823 4177 1 But but CC 34823 4177 2 not not RB 34823 4177 3 all all RB 34823 4177 4 by by IN 34823 4177 5 any any DT 34823 4177 6 means mean NNS 34823 4177 7 is be VBZ 34823 4177 8 canceled cancel VBN 34823 4177 9 , , , 34823 4177 10 and and CC 34823 4177 11 _ _ NNP 34823 4177 12 all all DT 34823 4177 13 _ _ NNP 34823 4177 14 the the DT 34823 4177 15 checks check NNS 34823 4177 16 that that WDT 34823 4177 17 pass pass VBP 34823 4177 18 in in IN 34823 4177 19 this this DT 34823 4177 20 way way NN 34823 4177 21 represent represent VBP 34823 4177 22 double double JJ 34823 4177 23 counting counting NN 34823 4177 24 . . . 34823 4178 1 The the DT 34823 4178 2 total total NN 34823 4178 3 is be VBZ 34823 4178 4 large large JJ 34823 4178 5 . . . 34823 4179 1 _ _ NNP 34823 4179 2 Public public JJ 34823 4179 3 funds fund NNS 34823 4179 4 _ _ NNP 34823 4179 5 are be VBP 34823 4179 6 included include VBN 34823 4179 7 in in IN 34823 4179 8 the the DT 34823 4179 9 deposits deposit NNS 34823 4179 10 reported report VBN 34823 4179 11 to to IN 34823 4179 12 Kinley Kinley NNP 34823 4179 13 . . . 34823 4180 1 Taxes taxis NNS 34823 4180 2 are be VBP 34823 4180 3 not not RB 34823 4180 4 _ _ NNP 34823 4180 5 trade trade NN 34823 4180 6 _ _ NNP 34823 4180 7 . . . 34823 4181 1 Double double JJ 34823 4181 2 , , , 34823 4181 3 triple triple JJ 34823 4181 4 and and CC 34823 4181 5 multiple multiple JJ 34823 4181 6 counting counting NN 34823 4181 7 comes come VBZ 34823 4181 8 as as IN 34823 4181 9 revenues revenue NNS 34823 4181 10 are be VBP 34823 4181 11 received receive VBN 34823 4181 12 by by IN 34823 4181 13 local local JJ 34823 4181 14 authorities authority NNS 34823 4181 15 , , , 34823 4181 16 transferred transfer VBN 34823 4181 17 to to IN 34823 4181 18 State state NN 34823 4181 19 accounts account NNS 34823 4181 20 , , , 34823 4181 21 subsequently subsequently RB 34823 4181 22 redistributed redistribute VBD 34823 4181 23 to to IN 34823 4181 24 local local JJ 34823 4181 25 accounts account NNS 34823 4181 26 , , , 34823 4181 27 or or CC 34823 4181 28 to to IN 34823 4181 29 the the DT 34823 4181 30 treasurers treasurer NNS 34823 4181 31 of of IN 34823 4181 32 State State NNP 34823 4181 33 institutions institution NNS 34823 4181 34 , , , 34823 4181 35 transferred transfer VBN 34823 4181 36 from from IN 34823 4181 37 one one CD 34823 4181 38 bank bank NN 34823 4181 39 to to IN 34823 4181 40 another another DT 34823 4181 41 , , , 34823 4181 42 etc etc FW 34823 4181 43 . . . 34823 4182 1 The the DT 34823 4182 2 State State NNP 34823 4182 3 of of IN 34823 4182 4 Massachusetts Massachusetts NNP 34823 4182 5 scatters scatter VBZ 34823 4182 6 its -PRON- PRP$ 34823 4182 7 deposits deposit NNS 34823 4182 8 in in IN 34823 4182 9 banks bank NNS 34823 4182 10 all all RB 34823 4182 11 over over IN 34823 4182 12 the the DT 34823 4182 13 State State NNP 34823 4182 14 , , , 34823 4182 15 and and CC 34823 4182 16 makes make VBZ 34823 4182 17 transfers transfer NNS 34823 4182 18 from from IN 34823 4182 19 one one CD 34823 4182 20 account account NN 34823 4182 21 to to IN 34823 4182 22 another another DT 34823 4182 23 . . . 34823 4183 1 The the DT 34823 4183 2 City City NNP 34823 4183 3 of of IN 34823 4183 4 Boston Boston NNP 34823 4183 5 has have VBZ 34823 4183 6 many many JJ 34823 4183 7 bank bank NN 34823 4183 8 accounts account NNS 34823 4183 9 . . . 34823 4184 1 The the DT 34823 4184 2 Federal Federal NNP 34823 4184 3 Treasury Treasury NNP 34823 4184 4 deals deal NNS 34823 4184 5 largely largely RB 34823 4184 6 with with IN 34823 4184 7 banks bank NNS 34823 4184 8 over over IN 34823 4184 9 the the DT 34823 4184 10 country country NN 34823 4184 11 . . . 34823 4185 1 Whenever whenever WRB 34823 4185 2 a a DT 34823 4185 3 retail retail JJ 34823 4185 4 store store NN 34823 4185 5 has have VBZ 34823 4185 6 branches branch NNS 34823 4185 7 , , , 34823 4185 8 duplications duplication NNS 34823 4185 9 are be VBP 34823 4185 10 likely likely JJ 34823 4185 11 to to TO 34823 4185 12 occur occur VB 34823 4185 13 . . . 34823 4186 1 " " `` 34823 4186 2 Chain chain NN 34823 4186 3 stores store NNS 34823 4186 4 " " `` 34823 4186 5 make make VBP 34823 4186 6 great great JJ 34823 4186 7 overcounting overcounting NN 34823 4186 8 . . . 34823 4187 1 " " `` 34823 4187 2 Kiting kite VBG 34823 4187 3 " " '' 34823 4187 4 swells swell NNS 34823 4187 5 bank bank NN 34823 4187 6 deposits deposit NNS 34823 4187 7 . . . 34823 4188 1 Replying reply VBG 34823 4188 2 to to IN 34823 4188 3 these these DT 34823 4188 4 contentions contention NNS 34823 4188 5 , , , 34823 4188 6 Professor Professor NNP 34823 4188 7 Fisher Fisher NNP 34823 4188 8 has have VBZ 34823 4188 9 urged urge VBN 34823 4188 10 that that IN 34823 4188 11 there there EX 34823 4188 12 is be VBZ 34823 4188 13 large large JJ 34823 4188 14 _ _ NNP 34823 4188 15 undercounting undercounte VBG 34823 4188 16 _ _ NNP 34823 4188 17 , , , 34823 4188 18 also also RB 34823 4188 19 , , , 34823 4188 20 and and CC 34823 4188 21 that that IN 34823 4188 22 the the DT 34823 4188 23 undercounting undercounting NN 34823 4188 24 balances balance VBZ 34823 4188 25 the the DT 34823 4188 26 overcounting overcounting NN 34823 4188 27 . . . 34823 4189 1 I -PRON- PRP 34823 4189 2 have have VBP 34823 4189 3 myself -PRON- PRP 34823 4189 4 called call VBN 34823 4189 5 attention attention NN 34823 4189 6 to to IN 34823 4189 7 a a DT 34823 4189 8 good good JJ 34823 4189 9 deal deal NN 34823 4189 10 of of IN 34823 4189 11 undercounting undercounte VBG 34823 4189 12 in in IN 34823 4189 13 the the DT 34823 4189 14 chapter chapter NN 34823 4189 15 on on IN 34823 4189 16 " " `` 34823 4189 17 Barter Barter NNP 34823 4189 18 . . . 34823 4189 19 " " '' 34823 4190 1 A a DT 34823 4190 2 substantial substantial JJ 34823 4190 3 amount amount NN 34823 4190 4 of of IN 34823 4190 5 ordinary ordinary JJ 34823 4190 6 trade trade NN 34823 4190 7 is be VBZ 34823 4190 8 carried carry VBN 34823 4190 9 on on RP 34823 4190 10 by by IN 34823 4190 11 means mean NNS 34823 4190 12 of of IN 34823 4190 13 partially partially RB 34823 4190 14 offsetting offset VBG 34823 4190 15 book book NN 34823 4190 16 - - HYPH 34823 4190 17 credit credit NN 34823 4190 18 , , , 34823 4190 19 time time NN 34823 4190 20 bills bill NNS 34823 4190 21 of of IN 34823 4190 22 exchange exchange NN 34823 4190 23 , , , 34823 4190 24 simple simple JJ 34823 4190 25 barter barter NN 34823 4190 26 , , , 34823 4190 27 etc etc FW 34823 4190 28 . . . 34823 4191 1 The the DT 34823 4191 2 amount amount NN 34823 4191 3 might may MD 34823 4191 4 even even RB 34823 4191 5 run run VB 34823 4191 6 high high RB 34823 4191 7 , , , 34823 4191 8 as as IN 34823 4191 9 compared compare VBN 34823 4191 10 with with IN 34823 4191 11 ordinary ordinary JJ 34823 4191 12 trade trade NN 34823 4191 13 , , , 34823 4191 14 when when WRB 34823 4191 15 the the DT 34823 4191 16 clearing clearing NN 34823 4191 17 arrangements arrangement NNS 34823 4191 18 in in IN 34823 4191 19 the the DT 34823 4191 20 stock stock NN 34823 4191 21 and and CC 34823 4191 22 produce produce NN 34823 4191 23 exchanges exchange NNS 34823 4191 24 are be VBP 34823 4191 25 taken take VBN 34823 4191 26 into into IN 34823 4191 27 account account NN 34823 4191 28 . . . 34823 4192 1 But but CC 34823 4192 2 it -PRON- PRP 34823 4192 3 is be VBZ 34823 4192 4 impossible impossible JJ 34823 4192 5 to to TO 34823 4192 6 figure figure VB 34823 4192 7 out out RP 34823 4192 8 anything anything NN 34823 4192 9 at at RB 34823 4192 10 all all RB 34823 4192 11 in in IN 34823 4192 12 this this DT 34823 4192 13 line line NN 34823 4192 14 which which WDT 34823 4192 15 is be VBZ 34823 4192 16 to to TO 34823 4192 17 be be VB 34823 4192 18 compared compare VBN 34823 4192 19 with with IN 34823 4192 20 the the DT 34823 4192 21 great great JJ 34823 4192 22 gap gap NN 34823 4192 23 between between IN 34823 4192 24 the the DT 34823 4192 25 141 141 CD 34823 4192 26 billions billion NNS 34823 4192 27 of of IN 34823 4192 28 trade trade NN 34823 4192 29 we -PRON- PRP 34823 4192 30 were be VBD 34823 4192 31 able able JJ 34823 4192 32 to to IN 34823 4192 33 find,[429 find,[429 NNP 34823 4192 34 ] ] -RRB- 34823 4192 35 and and CC 34823 4192 36 the the DT 34823 4192 37 387 387 CD 34823 4192 38 billions billion NNS 34823 4192 39 Professor Professor NNP 34823 4192 40 Fisher Fisher NNP 34823 4192 41 assigns assign VBZ 34823 4192 42 to to IN 34823 4192 43 trade trade NN 34823 4192 44 . . . 34823 4193 1 The the DT 34823 4193 2 gap gap NN 34823 4193 3 of of IN 34823 4193 4 over over IN 34823 4193 5 245 245 CD 34823 4193 6 billions billion NNS 34823 4193 7 is be VBZ 34823 4193 8 much much RB 34823 4193 9 too too RB 34823 4193 10 great great JJ 34823 4193 11 . . . 34823 4194 1 Besides besides IN 34823 4194 2 , , , 34823 4194 3 in in IN 34823 4194 4 our -PRON- PRP$ 34823 4194 5 141 141 CD 34823 4194 6 billions billion NNS 34823 4194 7 , , , 34823 4194 8 we -PRON- PRP 34823 4194 9 have have VBP 34823 4194 10 counted count VBN 34823 4194 11 barter barter NN 34823 4194 12 items item NNS 34823 4194 13 , , , 34823 4194 14 book book NN 34823 4194 15 - - HYPH 34823 4194 16 credit credit NN 34823 4194 17 items item NNS 34823 4194 18 , , , 34823 4194 19 time time NN 34823 4194 20 - - HYPH 34823 4194 21 bill bill NN 34823 4194 22 of of IN 34823 4194 23 exchange exchange NN 34823 4194 24 items item NNS 34823 4194 25 , , , 34823 4194 26 etc etc FW 34823 4194 27 . . . 34823 4194 28 , , , 34823 4194 29 already already RB 34823 4194 30 . . . 34823 4195 1 The the DT 34823 4195 2 main main JJ 34823 4195 3 item item NN 34823 4195 4 of of IN 34823 4195 5 undercounting undercounting NN 34823 4195 6 must must MD 34823 4195 7 be be VB 34823 4195 8 in in IN 34823 4195 9 connection connection NN 34823 4195 10 with with IN 34823 4195 11 the the DT 34823 4195 12 clearing clearing NN 34823 4195 13 arrangements arrangement NNS 34823 4195 14 in in IN 34823 4195 15 the the DT 34823 4195 16 speculative speculative JJ 34823 4195 17 exchanges exchange NNS 34823 4195 18 . . . 34823 4196 1 This this DT 34823 4196 2 would would MD 34823 4196 3 seem seem VB 34823 4196 4 to to TO 34823 4196 5 be be VB 34823 4196 6 Professor Professor NNP 34823 4196 7 Fisher Fisher NNP 34823 4196 8 's 's POS 34823 4196 9 view view NN 34823 4196 10 , , , 34823 4196 11 as as RB 34823 4196 12 well well RB 34823 4196 13 . . . 34823 4197 1 [ [ -LRB- 34823 4197 2 430 430 CD 34823 4197 3 ] ] -RRB- 34823 4197 4 Data datum NNS 34823 4197 5 are be VBP 34823 4197 6 at at IN 34823 4197 7 hand hand NN 34823 4197 8 for for IN 34823 4197 9 the the DT 34823 4197 10 two two CD 34823 4197 11 great great JJ 34823 4197 12 exchanges exchange NNS 34823 4197 13 of of IN 34823 4197 14 the the DT 34823 4197 15 country country NN 34823 4197 16 which which WDT 34823 4197 17 enable enable VBP 34823 4197 18 us -PRON- PRP 34823 4197 19 to to TO 34823 4197 20 measure measure VB 34823 4197 21 , , , 34823 4197 22 with with IN 34823 4197 23 some some DT 34823 4197 24 precision precision NN 34823 4197 25 , , , 34823 4197 26 the the DT 34823 4197 27 amount amount NN 34823 4197 28 of of IN 34823 4197 29 the the DT 34823 4197 30 undercounting--_i undercounting--_i JJ 34823 4197 31 . . . 34823 4198 1 e. e. NNP 34823 4198 2 _ _ NNP 34823 4198 3 , , , 34823 4198 4 to to TO 34823 4198 5 tell tell VB 34823 4198 6 the the DT 34823 4198 7 extent extent NN 34823 4198 8 to to TO 34823 4198 9 which which WDT 34823 4198 10 checks check NNS 34823 4198 11 are be VBP 34823 4198 12 dispensed dispense VBN 34823 4198 13 with with IN 34823 4198 14 in in IN 34823 4198 15 the the DT 34823 4198 16 trading trading NN 34823 4198 17 of of IN 34823 4198 18 these these DT 34823 4198 19 two two CD 34823 4198 20 great great JJ 34823 4198 21 exchanges exchange NNS 34823 4198 22 . . . 34823 4199 1 The the DT 34823 4199 2 two two CD 34823 4199 3 exchanges exchange NNS 34823 4199 4 are be VBP 34823 4199 5 the the DT 34823 4199 6 Chicago Chicago NNP 34823 4199 7 Board Board NNP 34823 4199 8 of of IN 34823 4199 9 Trade Trade NNP 34823 4199 10 and and CC 34823 4199 11 the the DT 34823 4199 12 New New NNP 34823 4199 13 York York NNP 34823 4199 14 Stock Stock NNP 34823 4199 15 Exchange Exchange NNP 34823 4199 16 . . . 34823 4200 1 For for IN 34823 4200 2 the the DT 34823 4200 3 New New NNP 34823 4200 4 York York NNP 34823 4200 5 Stock Stock NNP 34823 4200 6 Exchange Exchange NNP 34823 4200 7 , , , 34823 4200 8 figures figure NNS 34823 4200 9 are be VBP 34823 4200 10 taken take VBN 34823 4200 11 from from IN 34823 4200 12 Pratt Pratt NNP 34823 4200 13 's 's POS 34823 4200 14 _ _ NNP 34823 4200 15 Work Work NNP 34823 4200 16 of of IN 34823 4200 17 Wall Wall NNP 34823 4200 18 Street Street NNP 34823 4200 19 _ _ NNP 34823 4200 20 , , , 34823 4200 21 1912 1912 CD 34823 4200 22 ed ed NNP 34823 4200 23 . . NNP 34823 4200 24 , , , 34823 4200 25 pp pp NNP 34823 4200 26 . . . 34823 4201 1 166 166 CD 34823 4201 2 - - SYM 34823 4201 3 167 167 CD 34823 4201 4 , , , 34823 4201 5 180 180 CD 34823 4201 6 , , , 34823 4201 7 273 273 CD 34823 4201 8 . . . 34823 4202 1 The the DT 34823 4202 2 figures figure NNS 34823 4202 3 are be VBP 34823 4202 4 for for IN 34823 4202 5 the the DT 34823 4202 6 big big JJ 34823 4202 7 year year NN 34823 4202 8 , , , 34823 4202 9 1901 1901 CD 34823 4202 10 , , , 34823 4202 11 when when WRB 34823 4202 12 266 266 CD 34823 4202 13 million million CD 34823 4202 14 shares share NNS 34823 4202 15 were be VBD 34823 4202 16 sold sell VBN 34823 4202 17 , , , 34823 4202 18 more more JJR 34823 4202 19 than than IN 34823 4202 20 in in IN 34823 4202 21 1909 1909 CD 34823 4202 22 by by IN 34823 4202 23 51 51 CD 34823 4202 24 millions million NNS 34823 4202 25 of of IN 34823 4202 26 shares share NNS 34823 4202 27 , , , 34823 4202 28 and and CC 34823 4202 29 when when WRB 34823 4202 30 the the DT 34823 4202 31 Stock Stock NNP 34823 4202 32 Exchange Exchange NNP 34823 4202 33 Clearing Clearing NNP 34823 4202 34 House House NNP 34823 4202 35 should should MD 34823 4202 36 have have VB 34823 4202 37 done do VBN 34823 4202 38 better well RBR 34823 4202 39 , , , 34823 4202 40 in in IN 34823 4202 41 the the DT 34823 4202 42 magnitude magnitude NN 34823 4202 43 of of IN 34823 4202 44 the the DT 34823 4202 45 undercounting undercounting NN 34823 4202 46 , , , 34823 4202 47 than than IN 34823 4202 48 it -PRON- PRP 34823 4202 49 did do VBD 34823 4202 50 in in IN 34823 4202 51 1909 1909 CD 34823 4202 52 . . . 34823 4203 1 Figures figure NNS 34823 4203 2 since since IN 34823 4203 3 1901 1901 CD 34823 4203 4 are be VBP 34823 4203 5 , , , 34823 4203 6 Pratt Pratt NNP 34823 4203 7 states,[431 states,[431 NNP 34823 4203 8 ] ] -RRB- 34823 4203 9 not not RB 34823 4203 10 available available JJ 34823 4203 11 . . . 34823 4204 1 Pratt Pratt NNP 34823 4204 2 also also RB 34823 4204 3 gives give VBZ 34823 4204 4 figures figure NNS 34823 4204 5 for for IN 34823 4204 6 1893 1893 CD 34823 4204 7 , , , 34823 4204 8 but but CC 34823 4204 9 does do VBZ 34823 4204 10 not not RB 34823 4204 11 give give VB 34823 4204 12 data datum NNS 34823 4204 13 as as IN 34823 4204 14 to to IN 34823 4204 15 the the DT 34823 4204 16 percentage percentage NN 34823 4204 17 of of IN 34823 4204 18 stocks stock NNS 34823 4204 19 handled handle VBN 34823 4204 20 by by IN 34823 4204 21 the the DT 34823 4204 22 Clearing Clearing NNP 34823 4204 23 House House NNP 34823 4204 24 , , , 34823 4204 25 so so IN 34823 4204 26 that that IN 34823 4204 27 comparison comparison NN 34823 4204 28 with with IN 34823 4204 29 the the DT 34823 4204 30 1901 1901 CD 34823 4204 31 figures figure NNS 34823 4204 32 can can MD 34823 4204 33 not not RB 34823 4204 34 be be VB 34823 4204 35 made make VBN 34823 4204 36 . . . 34823 4205 1 In in IN 34823 4205 2 1901 1901 CD 34823 4205 3 , , , 34823 4205 4 265,944,659 265,944,659 CD 34823 4205 5 shares share NNS 34823 4205 6 were be VBD 34823 4205 7 sold sell VBN 34823 4205 8 . . . 34823 4206 1 Of of IN 34823 4206 2 these these DT 34823 4206 3 , , , 34823 4206 4 15 15 CD 34823 4206 5 % % NN 34823 4206 6 were be VBD 34823 4206 7 " " `` 34823 4206 8 X X NNP 34823 4206 9 - - HYPH 34823 4206 10 Clearing Clearing NNP 34823 4206 11 House House NNP 34823 4206 12 , , , 34823 4206 13 " " '' 34823 4206 14 _ _ NNP 34823 4206 15 i. i. NNP 34823 4207 1 e. e. NNP 34823 4207 2 _ _ NNP 34823 4207 3 , , , 34823 4207 4 not not RB 34823 4207 5 on on IN 34823 4207 6 the the DT 34823 4207 7 list list NN 34823 4207 8 of of IN 34823 4207 9 stocks stock NNS 34823 4207 10 handled handle VBN 34823 4207 11 through through IN 34823 4207 12 the the DT 34823 4207 13 Stock Stock NNP 34823 4207 14 Exchange Exchange NNP 34823 4207 15 Clearing Clearing NNP 34823 4207 16 House House NNP 34823 4207 17 . . . 34823 4208 1 This this DT 34823 4208 2 15 15 CD 34823 4208 3 % % NN 34823 4208 4 was be VBD 34823 4208 5 paid pay VBN 34823 4208 6 for for IN 34823 4208 7 in in IN 34823 4208 8 full full JJ 34823 4208 9 by by IN 34823 4208 10 check check NN 34823 4208 11 . . . 34823 4209 1 The the DT 34823 4209 2 bond bond NN 34823 4209 3 sales sale NNS 34823 4209 4 are be VBP 34823 4209 5 not not RB 34823 4209 6 cleared clear VBN 34823 4209 7 , , , 34823 4209 8 and and CC 34823 4209 9 so so RB 34823 4209 10 another another DT 34823 4209 11 billion billion CD 34823 4209 12 dollars dollar NNS 34823 4209 13 of of IN 34823 4209 14 checks check NNS 34823 4209 15 is be VBZ 34823 4209 16 required require VBN 34823 4209 17 for for IN 34823 4209 18 this this DT 34823 4209 19 item item NN 34823 4209 20 . . . 34823 4210 1 [ [ -LRB- 34823 4210 2 432 432 CD 34823 4210 3 ] ] -RRB- 34823 4210 4 If if IN 34823 4210 5 we -PRON- PRP 34823 4210 6 assume assume VBP 34823 4210 7 ( ( -LRB- 34823 4210 8 on on IN 34823 4210 9 the the DT 34823 4210 10 basis basis NN 34823 4210 11 of of IN 34823 4210 12 the the DT 34823 4210 13 estimates estimate NNS 34823 4210 14 given give VBN 34823 4210 15 to to IN 34823 4210 16 the the DT 34823 4210 17 writer writer NN 34823 4210 18 by by IN 34823 4210 19 DeCoppet DeCoppet NNP 34823 4210 20 & & CC 34823 4210 21 Doremus Doremus NNP 34823 4210 22 , , , 34823 4210 23 and and CC 34823 4210 24 Mr. Mr. NNP 34823 4210 25 Byron Byron NNP 34823 4210 26 W. W. NNP 34823 4210 27 Holt Holt NNP 34823 4210 28 , , , 34823 4210 29 for for IN 34823 4210 30 recent recent JJ 34823 4210 31 years year NNS 34823 4210 32 ) ) -RRB- 34823 4210 33 that that IN 34823 4210 34 25 25 CD 34823 4210 35 % % NN 34823 4210 36 of of IN 34823 4210 37 the the DT 34823 4210 38 100 100 CD 34823 4210 39 share share NN 34823 4210 40 sales sale NNS 34823 4210 41 would would MD 34823 4210 42 be be VB 34823 4210 43 added add VBN 34823 4210 44 if if IN 34823 4210 45 " " `` 34823 4210 46 odd odd JJ 34823 4210 47 lots lot NNS 34823 4210 48 " " '' 34823 4210 49 were be VBD 34823 4210 50 counted count VBN 34823 4210 51 , , , 34823 4210 52 we -PRON- PRP 34823 4210 53 have have VBP 34823 4210 54 another another DT 34823 4210 55 large large JJ 34823 4210 56 item item NN 34823 4210 57 that that WDT 34823 4210 58 does do VBZ 34823 4210 59 not not RB 34823 4210 60 go go VB 34823 4210 61 to to IN 34823 4210 62 the the DT 34823 4210 63 Clearing Clearing NNP 34823 4210 64 House House NNP 34823 4210 65 . . . 34823 4211 1 " " `` 34823 4211 2 Private private JJ 34823 4211 3 clearings clearing NNS 34823 4211 4 " " '' 34823 4211 5 reduce reduce VBP 34823 4211 6 the the DT 34823 4211 7 number number NN 34823 4211 8 of of IN 34823 4211 9 checks check NNS 34823 4211 10 in in IN 34823 4211 11 connection connection NN 34823 4211 12 with with IN 34823 4211 13 odd odd JJ 34823 4211 14 lots lot NNS 34823 4211 15 , , , 34823 4211 16 but but CC 34823 4211 17 not not RB 34823 4211 18 so so RB 34823 4211 19 effectively effectively RB 34823 4211 20 as as IN 34823 4211 21 is be VBZ 34823 4211 22 the the DT 34823 4211 23 case case NN 34823 4211 24 with with IN 34823 4211 25 hundred hundred CD 34823 4211 26 share share NN 34823 4211 27 sales sale NNS 34823 4211 28 put put VBD 34823 4211 29 through through IN 34823 4211 30 the the DT 34823 4211 31 Clearing Clearing NNP 34823 4211 32 House House NNP 34823 4211 33 . . . 34823 4212 1 So so RB 34823 4212 2 far far RB 34823 4212 3 the the DT 34823 4212 4 Clearing Clearing NNP 34823 4212 5 House House NNP 34823 4212 6 has have VBZ 34823 4212 7 done do VBN 34823 4212 8 nothing nothing NN 34823 4212 9 . . . 34823 4213 1 What what WP 34823 4213 2 did do VBD 34823 4213 3 it -PRON- PRP 34823 4213 4 do do VB 34823 4213 5 with with IN 34823 4213 6 the the DT 34823 4213 7 85 85 CD 34823 4213 8 % % NN 34823 4213 9 of of IN 34823 4213 10 the the DT 34823 4213 11 stocks stock NNS 34823 4213 12 in in IN 34823 4213 13 hundred hundred CD 34823 4213 14 share share NN 34823 4213 15 lots lot NNS 34823 4213 16 offered offer VBD 34823 4213 17 for for IN 34823 4213 18 clearing clearing NN 34823 4213 19 ? ? . 34823 4214 1 The the DT 34823 4214 2 figures figure NNS 34823 4214 3 are be VBP 34823 4214 4 perfectly perfectly RB 34823 4214 5 definite definite JJ 34823 4214 6 . . . 34823 4215 1 The the DT 34823 4215 2 85 85 CD 34823 4215 3 % % NN 34823 4215 4 of of IN 34823 4215 5 the the DT 34823 4215 6 266 266 CD 34823 4215 7 million million CD 34823 4215 8 shares share NNS 34823 4215 9 sold sell VBN 34823 4215 10 was be VBD 34823 4215 11 226 226 CD 34823 4215 12 million million CD 34823 4215 13 shares share NNS 34823 4215 14 . . . 34823 4216 1 The the DT 34823 4216 2 " " `` 34823 4216 3 share share NN 34823 4216 4 balance balance NN 34823 4216 5 " " '' 34823 4216 6 remaining remain VBG 34823 4216 7 after after IN 34823 4216 8 the the DT 34823 4216 9 Clearing Clearing NNP 34823 4216 10 House House NNP 34823 4216 11 had have VBD 34823 4216 12 done do VBN 34823 4216 13 its -PRON- PRP$ 34823 4216 14 best good JJS 34823 4216 15 was be VBD 34823 4216 16 134 134 CD 34823 4216 17 million million CD 34823 4216 18 shares share NNS 34823 4216 19 . . . 34823 4217 1 [ [ -LRB- 34823 4217 2 433 433 CD 34823 4217 3 ] ] -RRB- 34823 4217 4 The the DT 34823 4217 5 number number NN 34823 4217 6 of of IN 34823 4217 7 shares share NNS 34823 4217 8 sold sell VBN 34823 4217 9 , , , 34823 4217 10 then then RB 34823 4217 11 , , , 34823 4217 12 for for IN 34823 4217 13 which which WDT 34823 4217 14 checks check NNS 34823 4217 15 did do VBD 34823 4217 16 not not RB 34823 4217 17 have have VB 34823 4217 18 to to TO 34823 4217 19 pass pass VB 34823 4217 20 as as IN 34823 4217 21 a a DT 34823 4217 22 result result NN 34823 4217 23 of of IN 34823 4217 24 the the DT 34823 4217 25 clearing clearing NN 34823 4217 26 process process NN 34823 4217 27 was be VBD 34823 4217 28 93 93 CD 34823 4217 29 millions million NNS 34823 4217 30 . . . 34823 4218 1 In in IN 34823 4218 2 terms term NNS 34823 4218 3 of of IN 34823 4218 4 dollars dollar NNS 34823 4218 5 , , , 34823 4218 6 we -PRON- PRP 34823 4218 7 may may MD 34823 4218 8 put put VB 34823 4218 9 the the DT 34823 4218 10 same same JJ 34823 4218 11 figures figure NNS 34823 4218 12 . . . 34823 4219 1 The the DT 34823 4219 2 estimated estimated JJ 34823 4219 3 money money NN 34823 4219 4 - - HYPH 34823 4219 5 value value NN 34823 4219 6 of of IN 34823 4219 7 the the DT 34823 4219 8 266 266 CD 34823 4219 9 million million CD 34823 4219 10 shares share NNS 34823 4219 11 sold sell VBN 34823 4219 12 was be VBD 34823 4219 13 20.5 20.5 CD 34823 4219 14 billions;[434 billions;[434 NNS 34823 4219 15 ] ] -RRB- 34823 4219 16 85 85 CD 34823 4219 17 % % NN 34823 4219 18 of of IN 34823 4219 19 this this DT 34823 4219 20 is be VBZ 34823 4219 21 17,425 17,425 CD 34823 4219 22 millions million NNS 34823 4219 23 . . . 34823 4220 1 The the DT 34823 4220 2 certifications certification NNS 34823 4220 3 required require VBN 34823 4220 4 to to TO 34823 4220 5 pay pay VB 34823 4220 6 for for IN 34823 4220 7 the the DT 34823 4220 8 134 134 CD 34823 4220 9 million million CD 34823 4220 10 share share NN 34823 4220 11 balance balance NN 34823 4220 12 was be VBD 34823 4220 13 10,930 10,930 CD 34823 4220 14 millions million NNS 34823 4220 15 . . . 34823 4221 1 The the DT 34823 4221 2 saving saving NN 34823 4221 3 in in IN 34823 4221 4 checks check NNS 34823 4221 5 was be VBD 34823 4221 6 , , , 34823 4221 7 thus thus RB 34823 4221 8 , , , 34823 4221 9 6,495 6,495 CD 34823 4221 10 millions million NNS 34823 4221 11 of of IN 34823 4221 12 dollars dollar NNS 34823 4221 13 . . . 34823 4222 1 This this DT 34823 4222 2 is be VBZ 34823 4222 3 the the DT 34823 4222 4 full full JJ 34823 4222 5 extent extent NN 34823 4222 6 to to TO 34823 4222 7 which which WDT 34823 4222 8 the the DT 34823 4222 9 Stock Stock NNP 34823 4222 10 Exchange Exchange NNP 34823 4222 11 Clearing Clearing NNP 34823 4222 12 House House NNP 34823 4222 13 undercounts undercount VBZ 34823 4222 14 recorded record VBN 34823 4222 15 share share NN 34823 4222 16 sales sale NNS 34823 4222 17 . . . 34823 4223 1 This this DT 34823 4223 2 is be VBZ 34823 4223 3 less less JJR 34823 4223 4 than than IN 34823 4223 5 1.7 1.7 CD 34823 4223 6 % % NN 34823 4223 7 of of IN 34823 4223 8 Professor Professor NNP 34823 4223 9 Fisher Fisher NNP 34823 4223 10 's 's POS 34823 4223 11 387 387 CD 34823 4223 12 billions billion NNS 34823 4223 13 ! ! . 34823 4224 1 To to TO 34823 4224 2 offset offset VB 34823 4224 3 this this DT 34823 4224 4 , , , 34823 4224 5 however however RB 34823 4224 6 , , , 34823 4224 7 we -PRON- PRP 34823 4224 8 have have VBP 34823 4224 9 _ _ NNP 34823 4224 10 over_counting over_counting NNP 34823 4224 11 in in IN 34823 4224 12 the the DT 34823 4224 13 5 5 CD 34823 4224 14 % % NN 34823 4224 15 of of IN 34823 4224 16 checks check NNS 34823 4224 17 for for IN 34823 4224 18 all all DT 34823 4224 19 dealings dealing NNS 34823 4224 20 on on IN 34823 4224 21 the the DT 34823 4224 22 Exchange exchange NN 34823 4224 23 which which WDT 34823 4224 24 pass pass VBP 34823 4224 25 between between IN 34823 4224 26 brokers broker NNS 34823 4224 27 and and CC 34823 4224 28 customers customer NNS 34823 4224 29 , , , 34823 4224 30 as as IN 34823 4224 31 shown show VBN 34823 4224 32 , , , 34823 4224 33 and and CC 34823 4224 34 all all PDT 34823 4224 35 the the DT 34823 4224 36 checks check NNS 34823 4224 37 between between IN 34823 4224 38 brokers broker NNS 34823 4224 39 and and CC 34823 4224 40 out out RB 34823 4224 41 - - HYPH 34823 4224 42 of of IN 34823 4224 43 - - HYPH 34823 4224 44 town town NN 34823 4224 45 brokers broker NNS 34823 4224 46 . . . 34823 4225 1 We -PRON- PRP 34823 4225 2 shall shall MD 34823 4225 3 also also RB 34823 4225 4 find find VB 34823 4225 5 items item NNS 34823 4225 6 of of IN 34823 4225 7 _ _ NNP 34823 4225 8 over_counting over_counting NNP 34823 4225 9 which which WDT 34823 4225 10 vastly vastly RB 34823 4225 11 more more JJR 34823 4225 12 than than IN 34823 4225 13 offset offset VB 34823 4225 14 this this DT 34823 4225 15 undercounting undercounting NN 34823 4225 16 , , , 34823 4225 17 in in IN 34823 4225 18 _ _ NNP 34823 4225 19 loan loan NN 34823 4225 20 _ _ NNP 34823 4225 21 transactions transaction NNS 34823 4225 22 between between IN 34823 4225 23 brokers broker NNS 34823 4225 24 , , , 34823 4225 25 and and CC 34823 4225 26 between between IN 34823 4225 27 banks bank NNS 34823 4225 28 and and CC 34823 4225 29 brokers broker NNS 34823 4225 30 , , , 34823 4225 31 to to TO 34823 4225 32 which which WDT 34823 4225 33 we -PRON- PRP 34823 4225 34 shall shall MD 34823 4225 35 shortly shortly RB 34823 4225 36 give give VB 34823 4225 37 attention attention NN 34823 4225 38 . . . 34823 4226 1 This this DT 34823 4226 2 six six CD 34823 4226 3 and and CC 34823 4226 4 a a DT 34823 4226 5 half half NN 34823 4226 6 billions billion NNS 34823 4226 7 in in IN 34823 4226 8 checks check NNS 34823 4226 9 saved save VBN 34823 4226 10 on on IN 34823 4226 11 account account NN 34823 4226 12 of of IN 34823 4226 13 sales sale NNS 34823 4226 14 of of IN 34823 4226 15 stocks stock NNS 34823 4226 16 is be VBZ 34823 4226 17 no no DT 34823 4226 18 small small JJ 34823 4226 19 matter matter NN 34823 4226 20 , , , 34823 4226 21 absolutely absolutely RB 34823 4226 22 . . . 34823 4227 1 But but CC 34823 4227 2 this this DT 34823 4227 3 , , , 34823 4227 4 though though IN 34823 4227 5 measuring measure VBG 34823 4227 6 the the DT 34823 4227 7 extent extent NN 34823 4227 8 of of IN 34823 4227 9 undercounted undercounted JJ 34823 4227 10 _ _ NNP 34823 4227 11 sales sale NNS 34823 4227 12 _ _ NNP 34823 4227 13 , , , 34823 4227 14 by by IN 34823 4227 15 no no DT 34823 4227 16 means means NN 34823 4227 17 measures measure NNS 34823 4227 18 the the DT 34823 4227 19 services service NNS 34823 4227 20 of of IN 34823 4227 21 the the DT 34823 4227 22 Clearing Clearing NNP 34823 4227 23 House House NNP 34823 4227 24 to to IN 34823 4227 25 the the DT 34823 4227 26 Stock Stock NNP 34823 4227 27 Exchange Exchange NNP 34823 4227 28 . . . 34823 4228 1 Not not RB 34823 4228 2 merely merely RB 34823 4228 3 stocks stock NNS 34823 4228 4 _ _ NNP 34823 4228 5 sold sell VBD 34823 4228 6 _ _ NNP 34823 4228 7 have have VBP 34823 4228 8 to to TO 34823 4228 9 be be VB 34823 4228 10 cleared clear VBN 34823 4228 11 . . . 34823 4229 1 Stocks stock NNS 34823 4229 2 _ _ NNP 34823 4229 3 borrowed borrow VBD 34823 4229 4 _ _ NNP 34823 4229 5 are be VBP 34823 4229 6 also also RB 34823 4229 7 cleared clear VBN 34823 4229 8 . . . 34823 4230 1 Borrowing borrowing NN 34823 4230 2 of of IN 34823 4230 3 stocks stock NNS 34823 4230 4 is be VBZ 34823 4230 5 not not RB 34823 4230 6 _ _ NNP 34823 4230 7 trade trade NN 34823 4230 8 _ _ NNP 34823 4230 9 , , , 34823 4230 10 but but CC 34823 4230 11 borrowing borrowing NN 34823 4230 12 of of IN 34823 4230 13 stocks stock NNS 34823 4230 14 requires require VBZ 34823 4230 15 the the DT 34823 4230 16 passage passage NN 34823 4230 17 of of IN 34823 4230 18 money money NN 34823 4230 19 and and CC 34823 4230 20 checks check NNS 34823 4230 21 . . . 34823 4231 1 When when WRB 34823 4231 2 stocks stock NNS 34823 4231 3 are be VBP 34823 4231 4 borrowed borrow VBN 34823 4231 5 , , , 34823 4231 6 money money NN 34823 4231 7 is be VBZ 34823 4231 8 _ _ NNP 34823 4231 9 loaned loan VBD 34823 4231 10 _ _ NNP 34823 4231 11 . . . 34823 4232 1 A a DT 34823 4232 2 bear bear NN 34823 4232 3 sells sell VBZ 34823 4232 4 short short JJ 34823 4232 5 . . . 34823 4233 1 He -PRON- PRP 34823 4233 2 has have VBZ 34823 4233 3 to to TO 34823 4233 4 deliver deliver VB 34823 4233 5 next next JJ 34823 4233 6 day day NN 34823 4233 7 . . . 34823 4234 1 He -PRON- PRP 34823 4234 2 accomplishes accomplish VBZ 34823 4234 3 this this DT 34823 4234 4 by by IN 34823 4234 5 having have VBG 34823 4234 6 his -PRON- PRP$ 34823 4234 7 broker broker NN 34823 4234 8 " " `` 34823 4234 9 borrow borrow VB 34823 4234 10 " " '' 34823 4234 11 the the DT 34823 4234 12 stock stock NN 34823 4234 13 he -PRON- PRP 34823 4234 14 needs need VBZ 34823 4234 15 from from IN 34823 4234 16 a a DT 34823 4234 17 broker broker NN 34823 4234 18 representing represent VBG 34823 4234 19 a a DT 34823 4234 20 bull bull NN 34823 4234 21 , , , 34823 4234 22 who who WP 34823 4234 23 is be VBZ 34823 4234 24 long long JJ 34823 4234 25 on on IN 34823 4234 26 the the DT 34823 4234 27 stocks stock NNS 34823 4234 28 , , , 34823 4234 29 and and CC 34823 4234 30 who who WP 34823 4234 31 needs need VBZ 34823 4234 32 money money NN 34823 4234 33 to to TO 34823 4234 34 " " `` 34823 4234 35 carry carry VB 34823 4234 36 " " '' 34823 4234 37 them -PRON- PRP 34823 4234 38 . . . 34823 4235 1 The the DT 34823 4235 2 bull bull NN 34823 4235 3 , , , 34823 4235 4 who who WP 34823 4235 5 lends lend VBZ 34823 4235 6 the the DT 34823 4235 7 stock stock NN 34823 4235 8 , , , 34823 4235 9 receives receive VBZ 34823 4235 10 dividends dividend NNS 34823 4235 11 from from IN 34823 4235 12 the the DT 34823 4235 13 bear bear NN 34823 4235 14 , , , 34823 4235 15 as as IN 34823 4235 16 they -PRON- PRP 34823 4235 17 accrue accrue VBP 34823 4235 18 , , , 34823 4235 19 and and CC 34823 4235 20 pays pay VBZ 34823 4235 21 the the DT 34823 4235 22 bear bear NN 34823 4235 23 interest interest NN 34823 4235 24 on on IN 34823 4235 25 the the DT 34823 4235 26 money money NN 34823 4235 27 lent lend VBD 34823 4235 28 . . . 34823 4236 1 An an DT 34823 4236 2 enormous enormous JJ 34823 4236 3 lot lot NN 34823 4236 4 of of IN 34823 4236 5 this this DT 34823 4236 6 takes take VBZ 34823 4236 7 place place NN 34823 4236 8 . . . 34823 4237 1 Moreover moreover RB 34823 4237 2 , , , 34823 4237 3 to to IN 34823 4237 4 some some DT 34823 4237 5 extent extent NN 34823 4237 6 , , , 34823 4237 7 these these DT 34823 4237 8 transactions transaction NNS 34823 4237 9 are be VBP 34823 4237 10 increased increase VBN 34823 4237 11 artificially artificially RB 34823 4237 12 , , , 34823 4237 13 in in IN 34823 4237 14 order order NN 34823 4237 15 that that IN 34823 4237 16 the the DT 34823 4237 17 broker broker NN 34823 4237 18 may may MD 34823 4237 19 make make VB 34823 4237 20 his -PRON- PRP$ 34823 4237 21 " " `` 34823 4237 22 clearing clearing NN 34823 4237 23 sheet sheet NN 34823 4237 24 " " '' 34823 4237 25 misleading misleading JJ 34823 4237 26 , , , 34823 4237 27 and and CC 34823 4237 28 avoid avoid VB 34823 4237 29 revealing reveal VBG 34823 4237 30 his -PRON- PRP$ 34823 4237 31 position position NN 34823 4237 32 with with IN 34823 4237 33 reference reference NN 34823 4237 34 to to IN 34823 4237 35 the the DT 34823 4237 36 market market NN 34823 4237 37 . . . 34823 4238 1 [ [ -LRB- 34823 4238 2 435 435 CD 34823 4238 3 ] ] -RRB- 34823 4238 4 Loans loan NNS 34823 4238 5 of of IN 34823 4238 6 stock stock NN 34823 4238 7 and and CC 34823 4238 8 sales sale NNS 34823 4238 9 of of IN 34823 4238 10 stock stock NN 34823 4238 11 appear appear VBP 34823 4238 12 alike alike RB 34823 4238 13 in in IN 34823 4238 14 the the DT 34823 4238 15 transactions transaction NNS 34823 4238 16 of of IN 34823 4238 17 the the DT 34823 4238 18 Clearing Clearing NNP 34823 4238 19 House House NNP 34823 4238 20 . . . 34823 4239 1 Moreover moreover RB 34823 4239 2 , , , 34823 4239 3 apart apart RB 34823 4239 4 from from IN 34823 4239 5 the the DT 34823 4239 6 necessities necessity NNS 34823 4239 7 of of IN 34823 4239 8 the the DT 34823 4239 9 bears bear NNS 34823 4239 10 for for IN 34823 4239 11 stocks stock NNS 34823 4239 12 to to TO 34823 4239 13 deliver deliver VB 34823 4239 14 , , , 34823 4239 15 we -PRON- PRP 34823 4239 16 have have VBP 34823 4239 17 the the DT 34823 4239 18 necessities necessity NNS 34823 4239 19 of of IN 34823 4239 20 the the DT 34823 4239 21 bulls bull NNS 34823 4239 22 for for IN 34823 4239 23 money money NN 34823 4239 24 to to TO 34823 4239 25 carry carry VB 34823 4239 26 their -PRON- PRP$ 34823 4239 27 stocks stock NNS 34823 4239 28 . . . 34823 4240 1 If if IN 34823 4240 2 a a DT 34823 4240 3 broker broker NN 34823 4240 4 who who WP 34823 4240 5 has have VBZ 34823 4240 6 borrowed borrow VBN 34823 4240 7 largely largely RB 34823 4240 8 from from IN 34823 4240 9 the the DT 34823 4240 10 banks bank NNS 34823 4240 11 finds find VBZ 34823 4240 12 his -PRON- PRP$ 34823 4240 13 customers customer NNS 34823 4240 14 turning turn VBG 34823 4240 15 to to IN 34823 4240 16 the the DT 34823 4240 17 bear bear NN 34823 4240 18 side side NN 34823 4240 19 of of IN 34823 4240 20 the the DT 34823 4240 21 market market NN 34823 4240 22 , , , 34823 4240 23 he -PRON- PRP 34823 4240 24 has have VBZ 34823 4240 25 an an DT 34823 4240 26 excess excess NN 34823 4240 27 of of IN 34823 4240 28 funds fund NNS 34823 4240 29 . . . 34823 4241 1 He -PRON- PRP 34823 4241 2 may may MD 34823 4241 3 repay repay VB 34823 4241 4 his -PRON- PRP$ 34823 4241 5 loans loan NNS 34823 4241 6 , , , 34823 4241 7 but but CC 34823 4241 8 they -PRON- PRP 34823 4241 9 may may MD 34823 4241 10 be be VB 34823 4241 11 , , , 34823 4241 12 in in IN 34823 4241 13 part part NN 34823 4241 14 , , , 34823 4241 15 time time NN 34823 4241 16 loans loan NNS 34823 4241 17 , , , 34823 4241 18 and and CC 34823 4241 19 in in IN 34823 4241 20 any any DT 34823 4241 21 case case NN 34823 4241 22 , , , 34823 4241 23 he -PRON- PRP 34823 4241 24 may may MD 34823 4241 25 find find VB 34823 4241 26 it -PRON- PRP 34823 4241 27 just just RB 34823 4241 28 as as RB 34823 4241 29 well well RB 34823 4241 30 , , , 34823 4241 31 if if IN 34823 4241 32 he -PRON- PRP 34823 4241 33 can can MD 34823 4241 34 make make VB 34823 4241 35 a a DT 34823 4241 36 small small JJ 34823 4241 37 fraction fraction NN 34823 4241 38 of of IN 34823 4241 39 1 1 CD 34823 4241 40 % % NN 34823 4241 41 in in IN 34823 4241 42 interest interest NN 34823 4241 43 , , , 34823 4241 44 to to TO 34823 4241 45 lend lend VB 34823 4241 46 to to IN 34823 4241 47 another another DT 34823 4241 48 broker broker NN 34823 4241 49 , , , 34823 4241 50 among among IN 34823 4241 51 whose whose WP$ 34823 4241 52 customers customer NNS 34823 4241 53 the the DT 34823 4241 54 bulls bull NNS 34823 4241 55 are be VBP 34823 4241 56 increasing increase VBG 34823 4241 57 . . . 34823 4242 1 A a DT 34823 4242 2 vast vast JJ 34823 4242 3 deal deal NN 34823 4242 4 of of IN 34823 4242 5 money money NN 34823 4242 6 is be VBZ 34823 4242 7 thus thus RB 34823 4242 8 transferred transfer VBN 34823 4242 9 , , , 34823 4242 10 on on IN 34823 4242 11 collateral collateral JJ 34823 4242 12 security security NN 34823 4242 13 , , , 34823 4242 14 by by IN 34823 4242 15 means mean NNS 34823 4242 16 of of IN 34823 4242 17 " " `` 34823 4242 18 loaning loan VBG 34823 4242 19 stocks stock NNS 34823 4242 20 . . . 34823 4242 21 " " '' 34823 4243 1 Brokers broker NNS 34823 4243 2 prefer prefer VBP 34823 4243 3 to to TO 34823 4243 4 borrow borrow VB 34823 4243 5 money money NN 34823 4243 6 from from IN 34823 4243 7 one one CD 34823 4243 8 another another DT 34823 4243 9 in in IN 34823 4243 10 this this DT 34823 4243 11 manner manner NN 34823 4243 12 , , , 34823 4243 13 since since IN 34823 4243 14 no no DT 34823 4243 15 margins margin NNS 34823 4243 16 are be VBP 34823 4243 17 required require VBN 34823 4243 18 , , , 34823 4243 19 in in IN 34823 4243 20 general general JJ 34823 4243 21 , , , 34823 4243 22 whereas whereas IN 34823 4243 23 banks bank NNS 34823 4243 24 would would MD 34823 4243 25 require require VB 34823 4243 26 margins margin NNS 34823 4243 27 . . . 34823 4244 1 These these DT 34823 4244 2 various various JJ 34823 4244 3 reasons reason NNS 34823 4244 4 make make VBP 34823 4244 5 a a DT 34823 4244 6 vast vast JJ 34823 4244 7 deal deal NN 34823 4244 8 of of IN 34823 4244 9 " " `` 34823 4244 10 borrowing borrowing NN 34823 4244 11 and and CC 34823 4244 12 carrying carry VBG 34823 4244 13 " " `` 34823 4244 14 transactions transaction NNS 34823 4244 15 , , , 34823 4244 16 and and CC 34823 4244 17 a a DT 34823 4244 18 regular regular JJ 34823 4244 19 place place NN 34823 4244 20 is be VBZ 34823 4244 21 set set VBN 34823 4244 22 aside aside RB 34823 4244 23 for for IN 34823 4244 24 them -PRON- PRP 34823 4244 25 on on IN 34823 4244 26 the the DT 34823 4244 27 Floor Floor NNP 34823 4244 28 -- -- : 34823 4244 29 Post post NN 34823 4244 30 4 4 CD 34823 4244 31 , , , 34823 4244 32 commonly commonly RB 34823 4244 33 called call VBN 34823 4244 34 the the DT 34823 4244 35 " " `` 34823 4244 36 Money Money NNP 34823 4244 37 Post Post NNP 34823 4244 38 . . . 34823 4244 39 " " '' 34823 4245 1 At at IN 34823 4245 2 this this DT 34823 4245 3 post post NN 34823 4245 4 , , , 34823 4245 5 also also RB 34823 4245 6 , , , 34823 4245 7 the the DT 34823 4245 8 banks bank NNS 34823 4245 9 , , , 34823 4245 10 through through IN 34823 4245 11 brokers broker NNS 34823 4245 12 , , , 34823 4245 13 lend lend VB 34823 4245 14 on on IN 34823 4245 15 call call NN 34823 4245 16 , , , 34823 4245 17 and and CC 34823 4245 18 the the DT 34823 4245 19 published publish VBN 34823 4245 20 call call NN 34823 4245 21 rates rate NNS 34823 4245 22 are be VBP 34823 4245 23 established establish VBN 34823 4245 24 there there RB 34823 4245 25 . . . 34823 4246 1 Of of IN 34823 4246 2 this this DT 34823 4246 3 , , , 34823 4246 4 however however RB 34823 4246 5 , , , 34823 4246 6 we -PRON- PRP 34823 4246 7 shall shall MD 34823 4246 8 have have VB 34823 4246 9 more more JJR 34823 4246 10 to to TO 34823 4246 11 say say VB 34823 4246 12 later later RB 34823 4246 13 . . . 34823 4247 1 The the DT 34823 4247 2 extent extent NN 34823 4247 3 to to TO 34823 4247 4 which which WDT 34823 4247 5 this this DT 34823 4247 6 loaning loaning NN 34823 4247 7 of of IN 34823 4247 8 stocks stock NNS 34823 4247 9 takes take VBZ 34823 4247 10 place place NN 34823 4247 11 at at IN 34823 4247 12 the the DT 34823 4247 13 " " `` 34823 4247 14 Money Money NNP 34823 4247 15 Post Post NNP 34823 4247 16 , , , 34823 4247 17 " " '' 34823 4247 18 as as IN 34823 4247 19 compared compare VBN 34823 4247 20 with with IN 34823 4247 21 the the DT 34823 4247 22 loaning loaning NN 34823 4247 23 done do VBN 34823 4247 24 privately privately RB 34823 4247 25 , , , 34823 4247 26 varies varie NNS 34823 4247 27 . . . 34823 4248 1 It -PRON- PRP 34823 4248 2 makes make VBZ 34823 4248 3 no no DT 34823 4248 4 difference difference NN 34823 4248 5 , , , 34823 4248 6 however however RB 34823 4248 7 , , , 34823 4248 8 from from IN 34823 4248 9 the the DT 34823 4248 10 standpoint standpoint NN 34823 4248 11 of of IN 34823 4248 12 the the DT 34823 4248 13 volume volume NN 34823 4248 14 of of IN 34823 4248 15 these these DT 34823 4248 16 transactions transaction NNS 34823 4248 17 that that WDT 34823 4248 18 go go VBP 34823 4248 19 to to IN 34823 4248 20 the the DT 34823 4248 21 Clearing Clearing NNP 34823 4248 22 House House NNP 34823 4248 23 whether whether IN 34823 4248 24 they -PRON- PRP 34823 4248 25 are be VBP 34823 4248 26 put put VBN 34823 4248 27 through through RP 34823 4248 28 at at IN 34823 4248 29 the the DT 34823 4248 30 " " `` 34823 4248 31 Money Money NNP 34823 4248 32 Post Post NNP 34823 4248 33 " " '' 34823 4248 34 or or CC 34823 4248 35 outside outside RB 34823 4248 36 . . . 34823 4249 1 The the DT 34823 4249 2 loans loan NNS 34823 4249 3 made make VBN 34823 4249 4 by by IN 34823 4249 5 the the DT 34823 4249 6 _ _ NNP 34823 4249 7 banks bank NNS 34823 4249 8 _ _ NNP 34823 4249 9 at at IN 34823 4249 10 the the DT 34823 4249 11 " " `` 34823 4249 12 Money Money NNP 34823 4249 13 Post Post NNP 34823 4249 14 " " '' 34823 4249 15 do do VBP 34823 4249 16 not not RB 34823 4249 17 affect affect VB 34823 4249 18 the the DT 34823 4249 19 Stock Stock NNP 34823 4249 20 Exchange Exchange NNP 34823 4249 21 Clearing Clearing NNP 34823 4249 22 House House NNP 34823 4249 23 totals total NNS 34823 4249 24 . . . 34823 4250 1 [ [ -LRB- 34823 4250 2 436 436 CD 34823 4250 3 ] ] -RRB- 34823 4250 4 Formerly formerly RB 34823 4250 5 the the DT 34823 4250 6 " " `` 34823 4250 7 Money Money NNP 34823 4250 8 Post Post NNP 34823 4250 9 " " '' 34823 4250 10 was be VBD 34823 4250 11 a a DT 34823 4250 12 place place NN 34823 4250 13 where where WRB 34823 4250 14 the the DT 34823 4250 15 position position NN 34823 4250 16 of of IN 34823 4250 17 the the DT 34823 4250 18 bears bear NNS 34823 4250 19 could could MD 34823 4250 20 be be VB 34823 4250 21 gauged gauge VBN 34823 4250 22 in in IN 34823 4250 23 a a DT 34823 4250 24 given give VBN 34823 4250 25 stock stock NN 34823 4250 26 . . . 34823 4251 1 If if IN 34823 4251 2 the the DT 34823 4251 3 demand demand NN 34823 4251 4 for for IN 34823 4251 5 a a DT 34823 4251 6 stock stock NN 34823 4251 7 was be VBD 34823 4251 8 great great JJ 34823 4251 9 , , , 34823 4251 10 the the DT 34823 4251 11 bulls bull NNS 34823 4251 12 could could MD 34823 4251 13 take take VB 34823 4251 14 heart heart NN 34823 4251 15 , , , 34823 4251 16 and and CC 34823 4251 17 increase increase VB 34823 4251 18 the the DT 34823 4251 19 pressure pressure NN 34823 4251 20 . . . 34823 4252 1 To to TO 34823 4252 2 avoid avoid VB 34823 4252 3 giving give VBG 34823 4252 4 away away RP 34823 4252 5 this this DT 34823 4252 6 information information NN 34823 4252 7 , , , 34823 4252 8 however however RB 34823 4252 9 , , , 34823 4252 10 borrowing borrowing NN 34823 4252 11 is be VBZ 34823 4252 12 done do VBN 34823 4252 13 on on IN 34823 4252 14 a a DT 34823 4252 15 large large JJ 34823 4252 16 scale scale NN 34823 4252 17 privately privately RB 34823 4252 18 , , , 34823 4252 19 at at IN 34823 4252 20 present present NN 34823 4252 21 . . . 34823 4253 1 [ [ -LRB- 34823 4253 2 437 437 CD 34823 4253 3 ] ] -RRB- 34823 4253 4 Of of RB 34823 4253 5 course course RB 34823 4253 6 , , , 34823 4253 7 if if IN 34823 4253 8 the the DT 34823 4253 9 pressure pressure NN 34823 4253 10 gets get VBZ 34823 4253 11 too too RB 34823 4253 12 strong strong JJ 34823 4253 13 , , , 34823 4253 14 it -PRON- PRP 34823 4253 15 will will MD 34823 4253 16 manifest manifest VB 34823 4253 17 itself -PRON- PRP 34823 4253 18 at at IN 34823 4253 19 the the DT 34823 4253 20 money money NN 34823 4253 21 post post NN 34823 4253 22 anyhow anyhow RB 34823 4253 23 , , , 34823 4253 24 since since IN 34823 4253 25 bears bear NNS 34823 4253 26 borrowing borrow VBG 34823 4253 27 particular particular JJ 34823 4253 28 stocks stock NNS 34823 4253 29 will will MD 34823 4253 30 forego forego VB 34823 4253 31 all all DT 34823 4253 32 or or CC 34823 4253 33 part part NN 34823 4253 34 of of IN 34823 4253 35 the the DT 34823 4253 36 interest interest NN 34823 4253 37 , , , 34823 4253 38 or or CC 34823 4253 39 even even RB 34823 4253 40 pay pay VB 34823 4253 41 a a DT 34823 4253 42 premium premium NN 34823 4253 43 for for IN 34823 4253 44 the the DT 34823 4253 45 stock stock NN 34823 4253 46 . . . 34823 4254 1 [ [ -LRB- 34823 4254 2 438 438 CD 34823 4254 3 ] ] -RRB- 34823 4254 4 Now now RB 34823 4254 5 it -PRON- PRP 34823 4254 6 is be VBZ 34823 4254 7 possible possible JJ 34823 4254 8 , , , 34823 4254 9 from from IN 34823 4254 10 the the DT 34823 4254 11 figures figure NNS 34823 4254 12 given give VBN 34823 4254 13 for for IN 34823 4254 14 the the DT 34823 4254 15 total total JJ 34823 4254 16 clearings clearing NNS 34823 4254 17 of of IN 34823 4254 18 the the DT 34823 4254 19 Stock Stock NNP 34823 4254 20 Exchange Exchange NNP 34823 4254 21 Clearing Clearing NNP 34823 4254 22 House House NNP 34823 4254 23 , , , 34823 4254 24 in in IN 34823 4254 25 conjunction conjunction NN 34823 4254 26 with with IN 34823 4254 27 the the DT 34823 4254 28 figures figure NNS 34823 4254 29 of of IN 34823 4254 30 recorded record VBN 34823 4254 31 sales sale NNS 34823 4254 32 , , , 34823 4254 33 and and CC 34823 4254 34 the the DT 34823 4254 35 percentage percentage NN 34823 4254 36 of of IN 34823 4254 37 " " `` 34823 4254 38 X X NNP 34823 4254 39 - - HYPH 34823 4254 40 Clearing Clearing NNP 34823 4254 41 House House NNP 34823 4254 42 " " '' 34823 4254 43 sales sale NNS 34823 4254 44 , , , 34823 4254 45 to to TO 34823 4254 46 get get VB 34823 4254 47 a a DT 34823 4254 48 fairly fairly RB 34823 4254 49 accurate accurate JJ 34823 4254 50 idea idea NN 34823 4254 51 of of IN 34823 4254 52 the the DT 34823 4254 53 magnitude magnitude NN 34823 4254 54 of of IN 34823 4254 55 these these DT 34823 4254 56 stock stock NN 34823 4254 57 borrowing borrowing NN 34823 4254 58 operations operation NNS 34823 4254 59 between between IN 34823 4254 60 brokers broker NNS 34823 4254 61 . . . 34823 4255 1 The the DT 34823 4255 2 total total JJ 34823 4255 3 number number NN 34823 4255 4 of of IN 34823 4255 5 shares share NNS 34823 4255 6 offered offer VBN 34823 4255 7 for for IN 34823 4255 8 clearing clearing NN 34823 4255 9 by by IN 34823 4255 10 " " `` 34823 4255 11 both both DT 34823 4255 12 sides side NNS 34823 4255 13 " " '' 34823 4255 14 in in IN 34823 4255 15 1901 1901 CD 34823 4255 16 was be VBD 34823 4255 17 926,347,300 926,347,300 CD 34823 4255 18 ! ! . 34823 4256 1 This this DT 34823 4256 2 is be VBZ 34823 4256 3 double double PDT 34823 4256 4 the the DT 34823 4256 5 actual actual JJ 34823 4256 6 amount amount NN 34823 4256 7 , , , 34823 4256 8 since since IN 34823 4256 9 both both DT 34823 4256 10 buyer buyer NN 34823 4256 11 and and CC 34823 4256 12 seller seller NN 34823 4256 13 report report VBP 34823 4256 14 the the DT 34823 4256 15 same same JJ 34823 4256 16 transaction transaction NN 34823 4256 17 to to IN 34823 4256 18 the the DT 34823 4256 19 Clearing Clearing NNP 34823 4256 20 House House NNP 34823 4256 21 , , , 34823 4256 22 the the DT 34823 4256 23 former former JJ 34823 4256 24 with with IN 34823 4256 25 a a DT 34823 4256 26 " " `` 34823 4256 27 receive receive NN 34823 4256 28 from from IN 34823 4256 29 " " `` 34823 4256 30 sheet sheet NN 34823 4256 31 , , , 34823 4256 32 and and CC 34823 4256 33 the the DT 34823 4256 34 latter latter JJ 34823 4256 35 with with IN 34823 4256 36 a a DT 34823 4256 37 " " `` 34823 4256 38 deliver deliver NN 34823 4256 39 to to TO 34823 4256 40 " " '' 34823 4256 41 sheet sheet VB 34823 4256 42 . . . 34823 4257 1 Half half PDT 34823 4257 2 this this DT 34823 4257 3 amount amount NN 34823 4257 4 , , , 34823 4257 5 or or CC 34823 4257 6 463,173,650 463,173,650 CD 34823 4257 7 shares share NNS 34823 4257 8 , , , 34823 4257 9 represents represent VBZ 34823 4257 10 the the DT 34823 4257 11 actual actual JJ 34823 4257 12 number number NN 34823 4257 13 of of IN 34823 4257 14 shares share NNS 34823 4257 15 to to TO 34823 4257 16 be be VB 34823 4257 17 handled handle VBN 34823 4257 18 . . . 34823 4258 1 As as IN 34823 4258 2 we -PRON- PRP 34823 4258 3 have have VBP 34823 4258 4 seen see VBN 34823 4258 5 , , , 34823 4258 6 226 226 CD 34823 4258 7 millions million NNS 34823 4258 8 of of IN 34823 4258 9 this this DT 34823 4258 10 ( ( -LRB- 34823 4258 11 85 85 CD 34823 4258 12 % % NN 34823 4258 13 of of IN 34823 4258 14 the the DT 34823 4258 15 recorded record VBN 34823 4258 16 sales sale NNS 34823 4258 17 of of IN 34823 4258 18 266 266 CD 34823 4258 19 millions million NNS 34823 4258 20 ) ) -RRB- 34823 4258 21 represents represent VBZ 34823 4258 22 sales sale NNS 34823 4258 23 . . . 34823 4259 1 The the DT 34823 4259 2 rest rest NN 34823 4259 3 , , , 34823 4259 4 or or CC 34823 4259 5 237,173,650 237,173,650 CD 34823 4259 6 , , , 34823 4259 7 represents represent VBZ 34823 4259 8 borrowing borrowing NN 34823 4259 9 of of IN 34823 4259 10 stocks stock NNS 34823 4259 11 . . . 34823 4260 1 [ [ -LRB- 34823 4260 2 439 439 CD 34823 4260 3 ] ] -RRB- 34823 4260 4 Borrowing borrowing NN 34823 4260 5 exceeds exceed VBZ 34823 4260 6 actual actual JJ 34823 4260 7 sales sale NNS 34823 4260 8 , , , 34823 4260 9 if if IN 34823 4260 10 the the DT 34823 4260 11 figures figure NNS 34823 4260 12 for for IN 34823 4260 13 1901 1901 CD 34823 4260 14 - - HYPH 34823 4260 15 -a -a JJ 34823 4260 16 year year NN 34823 4260 17 of of IN 34823 4260 18 enormous enormous JJ 34823 4260 19 sales sale NNS 34823 4260 20 -- -- : 34823 4260 21 are be VBP 34823 4260 22 representative representative JJ 34823 4260 23 . . . 34823 4261 1 We -PRON- PRP 34823 4261 2 have have VBP 34823 4261 3 , , , 34823 4261 4 now now RB 34823 4261 5 , , , 34823 4261 6 an an DT 34823 4261 7 explanation explanation NN 34823 4261 8 of of IN 34823 4261 9 the the DT 34823 4261 10 prevailing prevail VBG 34823 4261 11 opinion opinion NN 34823 4261 12 among among IN 34823 4261 13 brokers broker NNS 34823 4261 14 that that IN 34823 4261 15 the the DT 34823 4261 16 Stock Stock NNP 34823 4261 17 Exchange Exchange NNP 34823 4261 18 Clearing Clearing NNP 34823 4261 19 House House NNP 34823 4261 20 dispenses dispense VBZ 34823 4261 21 with with IN 34823 4261 22 the the DT 34823 4261 23 major major JJ 34823 4261 24 part part NN 34823 4261 25 of of IN 34823 4261 26 the the DT 34823 4261 27 checks check NNS 34823 4261 28 that that WDT 34823 4261 29 would would MD 34823 4261 30 otherwise otherwise RB 34823 4261 31 be be VB 34823 4261 32 required require VBN 34823 4261 33 . . . 34823 4262 1 _ _ NNP 34823 4262 2 For for IN 34823 4262 3 their -PRON- PRP$ 34823 4262 4 purposes purpose NNS 34823 4262 5 _ _ NNP 34823 4262 6 , , , 34823 4262 7 it -PRON- PRP 34823 4262 8 does do VBZ 34823 4262 9 make make VB 34823 4262 10 a a DT 34823 4262 11 vast vast JJ 34823 4262 12 difference difference NN 34823 4262 13 . . . 34823 4263 1 Pratt Pratt NNP 34823 4263 2 's 's POS 34823 4263 3 figures[440 figures[440 NN 34823 4263 4 ] ] -RRB- 34823 4263 5 show show VBP 34823 4263 6 that that IN 34823 4263 7 , , , 34823 4263 8 without without IN 34823 4263 9 the the DT 34823 4263 10 Clearing Clearing NNP 34823 4263 11 House House NNP 34823 4263 12 , , , 34823 4263 13 certifications certification NNS 34823 4263 14 of of IN 34823 4263 15 $ $ $ 34823 4263 16 27,995,896,400 27,995,896,400 CD 34823 4263 17 would would MD 34823 4263 18 have have VB 34823 4263 19 been be VBN 34823 4263 20 required require VBN 34823 4263 21 ; ; : 34823 4263 22 that that IN 34823 4263 23 certifications certification NNS 34823 4263 24 of of IN 34823 4263 25 $ $ $ 34823 4263 26 17,065,042,800 17,065,042,800 CD 34823 4263 27 were be VBD 34823 4263 28 obviated[441 obviated[441 NN 34823 4263 29 ] ] -RRB- 34823 4263 30 by by IN 34823 4263 31 the the DT 34823 4263 32 Clearing Clearing NNP 34823 4263 33 House House NNP 34823 4263 34 , , , 34823 4263 35 leaving leave VBG 34823 4263 36 the the DT 34823 4263 37 balance balance NN 34823 4263 38 of of IN 34823 4263 39 $ $ $ 34823 4263 40 10,930,853,600 10,930,853,600 CD 34823 4263 41 of of IN 34823 4263 42 certifications certification NNS 34823 4263 43 which which WDT 34823 4263 44 had have VBD 34823 4263 45 to to TO 34823 4263 46 be be VB 34823 4263 47 used use VBN 34823 4263 48 . . . 34823 4264 1 This this DT 34823 4264 2 balance balance NN 34823 4264 3 , , , 34823 4264 4 as as IN 34823 4264 5 we -PRON- PRP 34823 4264 6 have have VBP 34823 4264 7 seen see VBN 34823 4264 8 , , , 34823 4264 9 is be VBZ 34823 4264 10 the the DT 34823 4264 11 major major JJ 34823 4264 12 portion portion NN 34823 4264 13 of of IN 34823 4264 14 what what WP 34823 4264 15 would would MD 34823 4264 16 have have VB 34823 4264 17 had have VBN 34823 4264 18 to to TO 34823 4264 19 be be VB 34823 4264 20 paid pay VBN 34823 4264 21 anyhow anyhow RB 34823 4264 22 for for IN 34823 4264 23 the the DT 34823 4264 24 stocks stock NNS 34823 4264 25 actually actually RB 34823 4264 26 sold sell VBN 34823 4264 27 and and CC 34823 4264 28 offered offer VBN 34823 4264 29 for for IN 34823 4264 30 clearing clearing NN 34823 4264 31 . . . 34823 4265 1 The the DT 34823 4265 2 saving saving NN 34823 4265 3 on on IN 34823 4265 4 the the DT 34823 4265 5 actual actual JJ 34823 4265 6 sales sale NNS 34823 4265 7 is be VBZ 34823 4265 8 only only RB 34823 4265 9 6.5 6.5 CD 34823 4265 10 billions billion NNS 34823 4265 11 . . . 34823 4266 1 But but CC 34823 4266 2 the the DT 34823 4266 3 saving saving NN 34823 4266 4 to to IN 34823 4266 5 the the DT 34823 4266 6 brokers broker NNS 34823 4266 7 was be VBD 34823 4266 8 , , , 34823 4266 9 of of IN 34823 4266 10 course course NN 34823 4266 11 , , , 34823 4266 12 much much RB 34823 4266 13 greater great JJR 34823 4266 14 . . . 34823 4267 1 Even even RB 34823 4267 2 six six CD 34823 4267 3 and and CC 34823 4267 4 a a DT 34823 4267 5 half half NN 34823 4267 6 billions billion NNS 34823 4267 7 is be VBZ 34823 4267 8 no no DT 34823 4267 9 slight slight JJ 34823 4267 10 matter matter NN 34823 4267 11 for for IN 34823 4267 12 any any DT 34823 4267 13 purpose purpose NN 34823 4267 14 except except IN 34823 4267 15 the the DT 34823 4267 16 explanation explanation NN 34823 4267 17 of of IN 34823 4267 18 our -PRON- PRP$ 34823 4267 19 245 245 CD 34823 4267 20 surplus surplus NN 34823 4267 21 billions billion NNS 34823 4267 22 ! ! . 34823 4268 1 Pratt Pratt NNP 34823 4268 2 gives give VBZ 34823 4268 3 an an DT 34823 4268 4 estimate estimate NN 34823 4268 5 at at IN 34823 4268 6 another another DT 34823 4268 7 place place NN 34823 4268 8 of of IN 34823 4268 9 the the DT 34823 4268 10 certifications certification NNS 34823 4268 11 required require VBN 34823 4268 12 by by IN 34823 4268 13 the the DT 34823 4268 14 Stock Stock NNP 34823 4268 15 Exchange Exchange NNP 34823 4268 16 sales sale NNS 34823 4268 17 , , , 34823 4268 18 reaching reach VBG 34823 4268 19 virtually virtually RB 34823 4268 20 the the DT 34823 4268 21 same same JJ 34823 4268 22 conclusion conclusion NN 34823 4268 23 that that WDT 34823 4268 24 we -PRON- PRP 34823 4268 25 have have VBP 34823 4268 26 reached reach VBN 34823 4268 27 by by IN 34823 4268 28 a a DT 34823 4268 29 somewhat somewhat RB 34823 4268 30 different different JJ 34823 4268 31 combination combination NN 34823 4268 32 of of IN 34823 4268 33 his -PRON- PRP$ 34823 4268 34 figures figure NNS 34823 4268 35 . . . 34823 4269 1 He -PRON- PRP 34823 4269 2 indicates indicate VBZ 34823 4269 3 that that IN 34823 4269 4 14 14 CD 34823 4269 5 billions billion NNS 34823 4269 6 of of IN 34823 4269 7 certifications certification NNS 34823 4269 8 were be VBD 34823 4269 9 required require VBN 34823 4269 10 , , , 34823 4269 11 counting count VBG 34823 4269 12 in in IN 34823 4269 13 the the DT 34823 4269 14 bonds bond NNS 34823 4269 15 , , , 34823 4269 16 in in IN 34823 4269 17 1901 1901 CD 34823 4269 18 . . . 34823 4270 1 [ [ -LRB- 34823 4270 2 442 442 CD 34823 4270 3 ] ] -RRB- 34823 4270 4 This this DT 34823 4270 5 compares compare VBZ 34823 4270 6 with with IN 34823 4270 7 the the DT 34823 4270 8 20.5 20.5 CD 34823 4270 9 billions billion NNS 34823 4270 10 estimated estimate VBN 34823 4270 11 value value NN 34823 4270 12 of of IN 34823 4270 13 stocks stock NNS 34823 4270 14 sold sell VBN 34823 4270 15 , , , 34823 4270 16 and and CC 34823 4270 17 approximately approximately RB 34823 4270 18 one one CD 34823 4270 19 billion billion CD 34823 4270 20 of of IN 34823 4270 21 bonds bond NNS 34823 4270 22 . . . 34823 4271 1 This this DT 34823 4271 2 leaves leave VBZ 34823 4271 3 7.5 7.5 CD 34823 4271 4 billions billion NNS 34823 4271 5 of of IN 34823 4271 6 certifications certification NNS 34823 4271 7 obviated obviate VBN 34823 4271 8 on on IN 34823 4271 9 sales sale NNS 34823 4271 10 . . . 34823 4272 1 This this DT 34823 4272 2 takes take VBZ 34823 4272 3 no no DT 34823 4272 4 account account NN 34823 4272 5 of of IN 34823 4272 6 the the DT 34823 4272 7 " " `` 34823 4272 8 odd odd JJ 34823 4272 9 lots lot NNS 34823 4272 10 . . . 34823 4272 11 " " '' 34823 4273 1 If if IN 34823 4273 2 they -PRON- PRP 34823 4273 3 run run VBP 34823 4273 4 to to IN 34823 4273 5 an an DT 34823 4273 6 additional additional JJ 34823 4273 7 25 25 CD 34823 4273 8 % % NN 34823 4273 9 , , , 34823 4273 10 we -PRON- PRP 34823 4273 11 have have VBP 34823 4273 12 five five CD 34823 4273 13 billions billion NNS 34823 4273 14 more more JJR 34823 4273 15 which which WDT 34823 4273 16 are be VBP 34823 4273 17 not not RB 34823 4273 18 put put VBN 34823 4273 19 through through IN 34823 4273 20 the the DT 34823 4273 21 Clearing Clearing NNP 34823 4273 22 House House NNP 34823 4273 23 . . . 34823 4274 1 My -PRON- PRP$ 34823 4274 2 information information NN 34823 4274 3 is be VBZ 34823 4274 4 , , , 34823 4274 5 however however RB 34823 4274 6 , , , 34823 4274 7 that that IN 34823 4274 8 " " `` 34823 4274 9 private private JJ 34823 4274 10 clearings clearing NNS 34823 4274 11 " " '' 34823 4274 12 reduce reduce VB 34823 4274 13 the the DT 34823 4274 14 checks check NNS 34823 4274 15 in in IN 34823 4274 16 connection connection NN 34823 4274 17 with with IN 34823 4274 18 these these DT 34823 4274 19 , , , 34823 4274 20 though though IN 34823 4274 21 not not RB 34823 4274 22 so so RB 34823 4274 23 efficiently efficiently RB 34823 4274 24 as as IN 34823 4274 25 is be VBZ 34823 4274 26 the the DT 34823 4274 27 case case NN 34823 4274 28 with with IN 34823 4274 29 the the DT 34823 4274 30 big big JJ 34823 4274 31 Clearing Clearing NNP 34823 4274 32 House House NNP 34823 4274 33 . . . 34823 4275 1 Do do VBP 34823 4275 2 the the DT 34823 4275 3 figures figure NNS 34823 4275 4 that that WDT 34823 4275 5 get get VBP 34823 4275 6 into into IN 34823 4275 7 the the DT 34823 4275 8 " " `` 34823 4275 9 all all DT 34823 4275 10 other other JJ 34823 4275 11 " " '' 34823 4275 12 deposits deposit NNS 34823 4275 13 from from IN 34823 4275 14 those those DT 34823 4275 15 connected connect VBN 34823 4275 16 with with IN 34823 4275 17 the the DT 34823 4275 18 Stock Stock NNP 34823 4275 19 Exchange Exchange NNP 34823 4275 20 undercount undercount JJ 34823 4275 21 sales sale NNS 34823 4275 22 made make VBD 34823 4275 23 there there RB 34823 4275 24 ? ? . 34823 4276 1 Not not RB 34823 4276 2 yet yet RB 34823 4276 3 have have VBP 34823 4276 4 we -PRON- PRP 34823 4276 5 taken take VBN 34823 4276 6 account account NN 34823 4276 7 of of IN 34823 4276 8 an an DT 34823 4276 9 item item NN 34823 4276 10 which which WDT 34823 4276 11 swamps swamp VBZ 34823 4276 12 all all DT 34823 4276 13 that that WDT 34823 4276 14 we -PRON- PRP 34823 4276 15 have have VBP 34823 4276 16 considered consider VBN 34823 4276 17 . . . 34823 4277 1 I -PRON- PRP 34823 4277 2 refer refer VBP 34823 4277 3 to to IN 34823 4277 4 loan loan NN 34823 4277 5 transactions transaction NNS 34823 4277 6 by by IN 34823 4277 7 the the DT 34823 4277 8 banks bank NNS 34823 4277 9 , , , 34823 4277 10 particularly particularly RB 34823 4277 11 call call VBP 34823 4277 12 loans loan NNS 34823 4277 13 . . . 34823 4278 1 The the DT 34823 4278 2 volume volume NN 34823 4278 3 of of IN 34823 4278 4 these these DT 34823 4278 5 is be VBZ 34823 4278 6 enormous enormous JJ 34823 4278 7 . . . 34823 4279 1 At at IN 34823 4279 2 the the DT 34823 4279 3 " " `` 34823 4279 4 Money Money NNP 34823 4279 5 Post Post NNP 34823 4279 6 " " '' 34823 4279 7 alone alone RB 34823 4279 8 , , , 34823 4279 9 the the DT 34823 4279 10 figures figure NNS 34823 4279 11 average average JJ 34823 4279 12 between between IN 34823 4279 13 20 20 CD 34823 4279 14 millions million NNS 34823 4279 15 and and CC 34823 4279 16 25 25 CD 34823 4279 17 millions million NNS 34823 4279 18 a a DT 34823 4279 19 day day NN 34823 4279 20 . . . 34823 4280 1 [ [ -LRB- 34823 4280 2 443 443 CD 34823 4280 3 ] ] -RRB- 34823 4280 4 The the DT 34823 4280 5 range range NN 34823 4280 6 is be VBZ 34823 4280 7 from from IN 34823 4280 8 10 10 CD 34823 4280 9 to to TO 34823 4280 10 50 50 CD 34823 4280 11 millions million NNS 34823 4280 12 . . . 34823 4281 1 The the DT 34823 4281 2 major major JJ 34823 4281 3 part part NN 34823 4281 4 of of IN 34823 4281 5 these these DT 34823 4281 6 loans loan NNS 34823 4281 7 are be VBP 34823 4281 8 not not RB 34823 4281 9 made make VBN 34823 4281 10 on on IN 34823 4281 11 the the DT 34823 4281 12 Floor Floor NNP 34823 4281 13 of of IN 34823 4281 14 the the DT 34823 4281 15 Exchange Exchange NNP 34823 4281 16 , , , 34823 4281 17 however however RB 34823 4281 18 , , , 34823 4281 19 but but CC 34823 4281 20 privately privately RB 34823 4281 21 , , , 34823 4281 22 between between IN 34823 4281 23 banks bank NNS 34823 4281 24 and and CC 34823 4281 25 brokers broker NNS 34823 4281 26 . . . 34823 4282 1 Even even RB 34823 4282 2 on on IN 34823 4282 3 the the DT 34823 4282 4 Floor Floor NNP 34823 4282 5 , , , 34823 4282 6 no no DT 34823 4282 7 records record NNS 34823 4282 8 of of IN 34823 4282 9 the the DT 34823 4282 10 loans loan NNS 34823 4282 11 are be VBP 34823 4282 12 kept keep VBN 34823 4282 13 , , , 34823 4282 14 and and CC 34823 4282 15 only only RB 34823 4282 16 estimates estimate NNS 34823 4282 17 are be VBP 34823 4282 18 available available JJ 34823 4282 19 . . . 34823 4283 1 For for IN 34823 4283 2 the the DT 34823 4283 3 loans loan NNS 34823 4283 4 made make VBD 34823 4283 5 privately privately RB 34823 4283 6 , , , 34823 4283 7 no no DT 34823 4283 8 figures figure NNS 34823 4283 9 are be VBP 34823 4283 10 attainable attainable JJ 34823 4283 11 at at RB 34823 4283 12 all all RB 34823 4283 13 . . . 34823 4284 1 The the DT 34823 4284 2 total total NN 34823 4284 3 must must MD 34823 4284 4 be be VB 34823 4284 5 enormous enormous JJ 34823 4284 6 . . . 34823 4285 1 One one CD 34823 4285 2 authority authority NN 34823 4285 3 writes write VBZ 34823 4285 4 , , , 34823 4285 5 in in IN 34823 4285 6 a a DT 34823 4285 7 letter letter NN 34823 4285 8 , , , 34823 4285 9 " " `` 34823 4285 10 The the DT 34823 4285 11 total total JJ 34823 4285 12 amount amount NN 34823 4285 13 of of IN 34823 4285 14 money money NN 34823 4285 15 loaned loan VBN 34823 4285 16 at at IN 34823 4285 17 the the DT 34823 4285 18 post post NN 34823 4285 19 varies vary VBZ 34823 4285 20 considerably considerably RB 34823 4285 21 , , , 34823 4285 22 depending depend VBG 34823 4285 23 upon upon IN 34823 4285 24 the the DT 34823 4285 25 rate rate NN 34823 4285 26 . . . 34823 4286 1 For for IN 34823 4286 2 instance instance NN 34823 4286 3 , , , 34823 4286 4 when when WRB 34823 4286 5 money money NN 34823 4286 6 is be VBZ 34823 4286 7 under under IN 34823 4286 8 3 3 CD 34823 4286 9 % % NN 34823 4286 10 , , , 34823 4286 11 loans loan NNS 34823 4286 12 are be VBP 34823 4286 13 largely largely RB 34823 4286 14 made make VBN 34823 4286 15 directly directly RB 34823 4286 16 between between IN 34823 4286 17 the the DT 34823 4286 18 banks bank NNS 34823 4286 19 and and CC 34823 4286 20 the the DT 34823 4286 21 brokers broker NNS 34823 4286 22 , , , 34823 4286 23 but but CC 34823 4286 24 when when WRB 34823 4286 25 it -PRON- PRP 34823 4286 26 gets get VBZ 34823 4286 27 over over IN 34823 4286 28 3 3 CD 34823 4286 29 % % NN 34823 4286 30 and and CC 34823 4286 31 gets get VBZ 34823 4286 32 strong strong JJ 34823 4286 33 , , , 34823 4286 34 more more JJR 34823 4286 35 loans loan NNS 34823 4286 36 are be VBP 34823 4286 37 made make VBN 34823 4286 38 at at IN 34823 4286 39 the the DT 34823 4286 40 post post NN 34823 4286 41 . . . 34823 4287 1 Some some DT 34823 4287 2 national national JJ 34823 4287 3 banks bank NNS 34823 4287 4 make make VBP 34823 4287 5 all all PDT 34823 4287 6 their -PRON- PRP$ 34823 4287 7 loans loan NNS 34823 4287 8 there there RB 34823 4287 9 right right RB 34823 4287 10 along along RB 34823 4287 11 , , , 34823 4287 12 so so CC 34823 4287 13 I -PRON- PRP 34823 4287 14 understand understand VBP 34823 4287 15 . . . 34823 4287 16 " " '' 34823 4288 1 My -PRON- PRP$ 34823 4288 2 information information NN 34823 4288 3 from from IN 34823 4288 4 an an DT 34823 4288 5 officer officer NN 34823 4288 6 of of IN 34823 4288 7 the the DT 34823 4288 8 National National NNP 34823 4288 9 City City NNP 34823 4288 10 Bank Bank NNP 34823 4288 11 is be VBZ 34823 4288 12 that that IN 34823 4288 13 it -PRON- PRP 34823 4288 14 lends lend VBZ 34823 4288 15 the the DT 34823 4288 16 major major JJ 34823 4288 17 part part NN 34823 4288 18 of of IN 34823 4288 19 its -PRON- PRP$ 34823 4288 20 demand demand NN 34823 4288 21 money money NN 34823 4288 22 on on IN 34823 4288 23 the the DT 34823 4288 24 floor floor NN 34823 4288 25 of of IN 34823 4288 26 the the DT 34823 4288 27 Exchange Exchange NNP 34823 4288 28 . . . 34823 4289 1 The the DT 34823 4289 2 other other JJ 34823 4289 3 chief chief JJ 34823 4289 4 lenders lender NNS 34823 4289 5 , , , 34823 4289 6 according accord VBG 34823 4289 7 to to IN 34823 4289 8 the the DT 34823 4289 9 Pujo Pujo NNP 34823 4289 10 Report,[444 Report,[444 NNP 34823 4289 11 ] ] -RRB- 34823 4289 12 are be VBP 34823 4289 13 the the DT 34823 4289 14 National National NNP 34823 4289 15 Bank Bank NNP 34823 4289 16 of of IN 34823 4289 17 Commerce Commerce NNP 34823 4289 18 , , , 34823 4289 19 The the DT 34823 4289 20 Chase Chase NNP 34823 4289 21 National National NNP 34823 4289 22 , , , 34823 4289 23 the the DT 34823 4289 24 Hanover Hanover NNP 34823 4289 25 National National NNP 34823 4289 26 , , , 34823 4289 27 J. J. NNP 34823 4289 28 P. P. NNP 34823 4289 29 Morgan Morgan NNP 34823 4289 30 and and CC 34823 4289 31 Co. Co. NNP 34823 4289 32 , , , 34823 4289 33 and and CC 34823 4289 34 Kuhn Kuhn NNP 34823 4289 35 - - HYPH 34823 4289 36 Loeb Loeb NNP 34823 4289 37 . . . 34823 4290 1 The the DT 34823 4290 2 same same JJ 34823 4290 3 report report NN 34823 4290 4 states state VBZ 34823 4290 5 that that IN 34823 4290 6 the the DT 34823 4290 7 bulk bulk NN 34823 4290 8 of of IN 34823 4290 9 such such JJ 34823 4290 10 loans loan NNS 34823 4290 11 are be VBP 34823 4290 12 made make VBN 34823 4290 13 directly directly RB 34823 4290 14 between between IN 34823 4290 15 banks bank NNS 34823 4290 16 and and CC 34823 4290 17 brokers broker NNS 34823 4290 18 , , , 34823 4290 19 and and CC 34823 4290 20 not not RB 34823 4290 21 at at IN 34823 4290 22 the the DT 34823 4290 23 " " `` 34823 4290 24 Money Money NNP 34823 4290 25 Post Post NNP 34823 4290 26 . . . 34823 4290 27 " " '' 34823 4291 1 How how WRB 34823 4291 2 do do VBP 34823 4291 3 these these DT 34823 4291 4 transactions transaction NNS 34823 4291 5 affect affect VB 34823 4291 6 Kinley Kinley NNP 34823 4291 7 's 's POS 34823 4291 8 figures figure NNS 34823 4291 9 for for IN 34823 4291 10 deposits deposit NNS 34823 4291 11 , , , 34823 4291 12 and and CC 34823 4291 13 so so RB 34823 4291 14 Fisher Fisher NNP 34823 4291 15 's 's POS 34823 4291 16 total total NN 34823 4291 17 of of IN 34823 4291 18 387 387 CD 34823 4291 19 billions billion NNS 34823 4291 20 ? ? . 34823 4292 1 The the DT 34823 4292 2 small small JJ 34823 4292 3 dealer dealer NN 34823 4292 4 deals deal NNS 34823 4292 5 , , , 34823 4292 6 usually usually RB 34823 4292 7 , , , 34823 4292 8 with with IN 34823 4292 9 one one CD 34823 4292 10 bank bank NN 34823 4292 11 . . . 34823 4293 1 When when WRB 34823 4293 2 he -PRON- PRP 34823 4293 3 borrows borrow VBZ 34823 4293 4 , , , 34823 4293 5 he -PRON- PRP 34823 4293 6 gets get VBZ 34823 4293 7 a a DT 34823 4293 8 " " `` 34823 4293 9 credit credit NN 34823 4293 10 " " '' 34823 4293 11 on on IN 34823 4293 12 his -PRON- PRP$ 34823 4293 13 deposit deposit NN 34823 4293 14 account account NN 34823 4293 15 , , , 34823 4293 16 but but CC 34823 4293 17 makes make VBZ 34823 4293 18 no no DT 34823 4293 19 " " `` 34823 4293 20 deposit deposit NN 34823 4293 21 " " '' 34823 4293 22 that that WDT 34823 4293 23 would would MD 34823 4293 24 get get VB 34823 4293 25 into into IN 34823 4293 26 Kinley Kinley NNP 34823 4293 27 's 's POS 34823 4293 28 figures figure NNS 34823 4293 29 . . . 34823 4294 1 But but CC 34823 4294 2 stockbrokers stockbroker NNS 34823 4294 3 deal deal VBP 34823 4294 4 with with IN 34823 4294 5 many many JJ 34823 4294 6 banks bank NNS 34823 4294 7 . . . 34823 4295 1 They -PRON- PRP 34823 4295 2 have have VBP 34823 4295 3 one one CD 34823 4295 4 bank bank NN 34823 4295 5 which which WDT 34823 4295 6 " " `` 34823 4295 7 certifies certifie NNS 34823 4295 8 " " '' 34823 4295 9 for for IN 34823 4295 10 them -PRON- PRP 34823 4295 11 , , , 34823 4295 12 and and CC 34823 4295 13 with with IN 34823 4295 14 which which WDT 34823 4295 15 they -PRON- PRP 34823 4295 16 regularly regularly RB 34823 4295 17 keep keep VBP 34823 4295 18 a a DT 34823 4295 19 " " `` 34823 4295 20 balance balance NN 34823 4295 21 . . . 34823 4295 22 " " '' 34823 4296 1 But but CC 34823 4296 2 for for IN 34823 4296 3 their -PRON- PRP$ 34823 4296 4 loans loan NNS 34823 4296 5 , , , 34823 4296 6 they -PRON- PRP 34823 4296 7 deal deal VBP 34823 4296 8 with with IN 34823 4296 9 whatever whatever WDT 34823 4296 10 bank bank NN 34823 4296 11 gives give VBZ 34823 4296 12 them -PRON- PRP 34823 4296 13 the the DT 34823 4296 14 best good JJS 34823 4296 15 rate rate NN 34823 4296 16 , , , 34823 4296 17 or or CC 34823 4296 18 has have VBZ 34823 4296 19 the the DT 34823 4296 20 funds fund NNS 34823 4296 21 to to TO 34823 4296 22 spare spare VB 34823 4296 23 . . . 34823 4297 1 In in IN 34823 4297 2 time time NN 34823 4297 3 of of IN 34823 4297 4 tight tight JJ 34823 4297 5 money money NN 34823 4297 6 , , , 34823 4297 7 they -PRON- PRP 34823 4297 8 shift shift VBP 34823 4297 9 their -PRON- PRP$ 34823 4297 10 loans loan NNS 34823 4297 11 with with IN 34823 4297 12 great great JJ 34823 4297 13 frequency frequency NN 34823 4297 14 . . . 34823 4298 1 They -PRON- PRP 34823 4298 2 borrow borrow VBP 34823 4298 3 also also RB 34823 4298 4 from from IN 34823 4298 5 one one CD 34823 4298 6 another another DT 34823 4298 7 . . . 34823 4299 1 " " `` 34823 4299 2 Money money NN 34823 4299 3 " " '' 34823 4299 4 is be VBZ 34823 4299 5 " " `` 34823 4299 6 worth worth JJ 34823 4299 7 money money NN 34823 4299 8 " " '' 34823 4299 9 in in IN 34823 4299 10 New New NNP 34823 4299 11 York York NNP 34823 4299 12 , , , 34823 4299 13 and and CC 34823 4299 14 idle idle JJ 34823 4299 15 funds fund NNS 34823 4299 16 will will MD 34823 4299 17 be be VB 34823 4299 18 lent lend VBN 34823 4299 19 by by IN 34823 4299 20 whomever whomever NN 34823 4299 21 has have VBZ 34823 4299 22 them -PRON- PRP 34823 4299 23 for for IN 34823 4299 24 whatever whatever WDT 34823 4299 25 the the DT 34823 4299 26 market market NN 34823 4299 27 will will MD 34823 4299 28 pay pay VB 34823 4299 29 , , , 34823 4299 30 on on IN 34823 4299 31 collateral collateral JJ 34823 4299 32 security security NN 34823 4299 33 on on IN 34823 4299 34 call call NN 34823 4299 35 . . . 34823 4300 1 When when WRB 34823 4300 2 a a DT 34823 4300 3 broker broker NN 34823 4300 4 deposits deposit VBZ 34823 4300 5 money money NN 34823 4300 6 in in IN 34823 4300 7 his -PRON- PRP$ 34823 4300 8 bank bank NN 34823 4300 9 borrowed borrow VBN 34823 4300 10 from from IN 34823 4300 11 another another DT 34823 4300 12 bank bank NN 34823 4300 13 or or CC 34823 4300 14 another another DT 34823 4300 15 broker broker NN 34823 4300 16 , , , 34823 4300 17 he -PRON- PRP 34823 4300 18 gets get VBZ 34823 4300 19 a a DT 34823 4300 20 deposit deposit NN 34823 4300 21 credit credit NN 34823 4300 22 which which WDT 34823 4300 23 does do VBZ 34823 4300 24 get get VB 34823 4300 25 into into IN 34823 4300 26 Kinley Kinley NNP 34823 4300 27 's 's POS 34823 4300 28 figures figure NNS 34823 4300 29 -- -- : 34823 4300 30 he -PRON- PRP 34823 4300 31 deposits deposit VBZ 34823 4300 32 a a DT 34823 4300 33 certified certified JJ 34823 4300 34 check check NN 34823 4300 35 , , , 34823 4300 36 or or CC 34823 4300 37 a a DT 34823 4300 38 bank bank NN 34823 4300 39 draft draft NN 34823 4300 40 . . . 34823 4301 1 The the DT 34823 4301 2 following follow VBG 34823 4301 3 has have VBZ 34823 4301 4 been be VBN 34823 4301 5 described describe VBN 34823 4301 6 as as IN 34823 4301 7 a a DT 34823 4301 8 typical typical JJ 34823 4301 9 transaction transaction NN 34823 4301 10 by by IN 34823 4301 11 the the DT 34823 4301 12 bond bond NN 34823 4301 13 expert expert NN 34823 4301 14 of of IN 34823 4301 15 a a DT 34823 4301 16 Boston Boston NNP 34823 4301 17 banking banking NN 34823 4301 18 house house NN 34823 4301 19 , , , 34823 4301 20 and and CC 34823 4301 21 has have VBZ 34823 4301 22 been be VBN 34823 4301 23 amplified amplify VBN 34823 4301 24 by by IN 34823 4301 25 several several JJ 34823 4301 26 Wall Wall NNP 34823 4301 27 Street Street NNP 34823 4301 28 men man NNS 34823 4301 29 with with IN 34823 4301 30 whom whom WP 34823 4301 31 I -PRON- PRP 34823 4301 32 have have VBP 34823 4301 33 discussed discuss VBN 34823 4301 34 it -PRON- PRP 34823 4301 35 . . . 34823 4302 1 A a DT 34823 4302 2 , , , 34823 4302 3 whose whose WP$ 34823 4302 4 home home NN 34823 4302 5 bank bank NN 34823 4302 6 is be VBZ 34823 4302 7 Bank Bank NNP 34823 4302 8 W W NNP 34823 4302 9 , , , 34823 4302 10 has have VBZ 34823 4302 11 borrowed borrow VBN 34823 4302 12 , , , 34823 4302 13 on on IN 34823 4302 14 call call NN 34823 4302 15 , , , 34823 4302 16 $ $ $ 34823 4302 17 500,000 500,000 CD 34823 4302 18 from from IN 34823 4302 19 Bank Bank NNP 34823 4302 20 X. X. NNP 34823 4303 1 Bank bank NN 34823 4303 2 X X NNP 34823 4303 3 calls call VBZ 34823 4303 4 the the DT 34823 4303 5 loan loan NN 34823 4303 6 . . . 34823 4304 1 A a DT 34823 4304 2 finds find VBZ 34823 4304 3 Bank Bank NNP 34823 4304 4 Y Y NNP 34823 4304 5 willing willing JJ 34823 4304 6 to to TO 34823 4304 7 lend lend VB 34823 4304 8 him -PRON- PRP 34823 4304 9 enough enough JJ 34823 4304 10 to to TO 34823 4304 11 pay pay VB 34823 4304 12 it -PRON- PRP 34823 4304 13 off off RP 34823 4304 14 . . . 34823 4305 1 Before before IN 34823 4305 2 he -PRON- PRP 34823 4305 3 can can MD 34823 4305 4 get get VB 34823 4305 5 the the DT 34823 4305 6 new new JJ 34823 4305 7 loan loan NN 34823 4305 8 from from IN 34823 4305 9 Bank Bank NNP 34823 4305 10 Y Y NNP 34823 4305 11 , , , 34823 4305 12 however however RB 34823 4305 13 , , , 34823 4305 14 he -PRON- PRP 34823 4305 15 must must MD 34823 4305 16 get get VB 34823 4305 17 his -PRON- PRP$ 34823 4305 18 collateral collateral NN 34823 4305 19 released release VBN 34823 4305 20 by by IN 34823 4305 21 Bank Bank NNP 34823 4305 22 X. X. NNP 34823 4306 1 Before before IN 34823 4306 2 he -PRON- PRP 34823 4306 3 can can MD 34823 4306 4 do do VB 34823 4306 5 that that DT 34823 4306 6 , , , 34823 4306 7 he -PRON- PRP 34823 4306 8 must must MD 34823 4306 9 pay pay VB 34823 4306 10 off off RP 34823 4306 11 the the DT 34823 4306 12 loan loan NN 34823 4306 13 at at IN 34823 4306 14 Bank Bank NNP 34823 4306 15 X. X. NNP 34823 4307 1 His -PRON- PRP$ 34823 4307 2 recourse recourse NN 34823 4307 3 , , , 34823 4307 4 then then RB 34823 4307 5 , , , 34823 4307 6 is be VBZ 34823 4307 7 to to IN 34823 4307 8 Bank Bank NNP 34823 4307 9 W W NNP 34823 4307 10 , , , 34823 4307 11 his -PRON- PRP$ 34823 4307 12 regular regular JJ 34823 4307 13 bank bank NN 34823 4307 14 , , , 34823 4307 15 which which WDT 34823 4307 16 certifies certify VBZ 34823 4307 17 for for IN 34823 4307 18 him -PRON- PRP 34823 4307 19 , , , 34823 4307 20 and and CC 34823 4307 21 with with IN 34823 4307 22 which which WDT 34823 4307 23 he -PRON- PRP 34823 4307 24 keeps keep VBZ 34823 4307 25 his -PRON- PRP$ 34823 4307 26 balance balance NN 34823 4307 27 . . . 34823 4308 1 Bank Bank NNP 34823 4308 2 W W NNP 34823 4308 3 gives give VBZ 34823 4308 4 him -PRON- PRP 34823 4308 5 a a DT 34823 4308 6 certified certify VBN 34823 4308 7 check check NN 34823 4308 8 ( ( -LRB- 34823 4308 9 either either CC 34823 4308 10 an an DT 34823 4308 11 overcertification overcertification NN 34823 4308 12 , , , 34823 4308 13 or or CC 34823 4308 14 a a DT 34823 4308 15 " " `` 34823 4308 16 morning morning NN 34823 4308 17 loan loan NN 34823 4308 18 " " '' 34823 4308 19 transaction transaction NN 34823 4308 20 ) ) -RRB- 34823 4308 21 , , , 34823 4308 22 for for IN 34823 4308 23 $ $ $ 34823 4308 24 500,000 500,000 CD 34823 4308 25 , , , 34823 4308 26 with with IN 34823 4308 27 which which WDT 34823 4308 28 he -PRON- PRP 34823 4308 29 pays pay VBZ 34823 4308 30 off off IN 34823 4308 31 the the DT 34823 4308 32 loan loan NN 34823 4308 33 at at IN 34823 4308 34 Bank Bank NNP 34823 4308 35 X. X. NNP 34823 4309 1 He -PRON- PRP 34823 4309 2 then then RB 34823 4309 3 takes take VBZ 34823 4309 4 the the DT 34823 4309 5 collateral collateral NN 34823 4309 6 from from IN 34823 4309 7 Bank Bank NNP 34823 4309 8 X X NNP 34823 4309 9 to to IN 34823 4309 10 Bank Bank NNP 34823 4309 11 Y Y NNP 34823 4309 12 , , , 34823 4309 13 and and CC 34823 4309 14 makes make VBZ 34823 4309 15 a a DT 34823 4309 16 new new JJ 34823 4309 17 loan loan NN 34823 4309 18 . . . 34823 4310 1 He -PRON- PRP 34823 4310 2 gets get VBZ 34823 4310 3 a a DT 34823 4310 4 draft draft NN 34823 4310 5 from from IN 34823 4310 6 Bank Bank NNP 34823 4310 7 Y Y NNP 34823 4310 8 , , , 34823 4310 9 which which WDT 34823 4310 10 he -PRON- PRP 34823 4310 11 deposits deposit VBZ 34823 4310 12 with with IN 34823 4310 13 Bank Bank NNP 34823 4310 14 W W NNP 34823 4310 15 , , , 34823 4310 16 and and CC 34823 4310 17 then then RB 34823 4310 18 draws draw VBZ 34823 4310 19 another another DT 34823 4310 20 check check NN 34823 4310 21 against against IN 34823 4310 22 his -PRON- PRP$ 34823 4310 23 deposit deposit NN 34823 4310 24 with with IN 34823 4310 25 Bank Bank NNP 34823 4310 26 W W NNP 34823 4310 27 to to TO 34823 4310 28 pay pay VB 34823 4310 29 off off RP 34823 4310 30 the the DT 34823 4310 31 " " `` 34823 4310 32 morning morning NN 34823 4310 33 loan loan NN 34823 4310 34 , , , 34823 4310 35 " " '' 34823 4310 36 in in IN 34823 4310 37 case case NN 34823 4310 38 the the DT 34823 4310 39 transaction transaction NN 34823 4310 40 took take VBD 34823 4310 41 that that DT 34823 4310 42 form form NN 34823 4310 43 . . . 34823 4311 1 Here here RB 34823 4311 2 are be VBP 34823 4311 3 three three CD 34823 4311 4 checks check NNS 34823 4311 5 for for IN 34823 4311 6 this this DT 34823 4311 7 loan loan NN 34823 4311 8 transaction transaction NN 34823 4311 9 , , , 34823 4311 10 two two CD 34823 4311 11 of of IN 34823 4311 12 which which WDT 34823 4311 13 get get VBP 34823 4311 14 into into IN 34823 4311 15 clearings clearing NNS 34823 4311 16 , , , 34823 4311 17 and and CC 34823 4311 18 one one CD 34823 4311 19 of of IN 34823 4311 20 which which WDT 34823 4311 21 gets get VBZ 34823 4311 22 into into IN 34823 4311 23 " " `` 34823 4311 24 all all DT 34823 4311 25 other other JJ 34823 4311 26 deposits deposit NNS 34823 4311 27 . . . 34823 4311 28 " " '' 34823 4312 1 But but CC 34823 4312 2 the the DT 34823 4312 3 checks check NNS 34823 4312 4 may may MD 34823 4312 5 be be VB 34823 4312 6 multiplied multiply VBN 34823 4312 7 . . . 34823 4313 1 A a DT 34823 4313 2 , , , 34823 4313 3 instead instead RB 34823 4313 4 of of IN 34823 4313 5 getting get VBG 34823 4313 6 a a DT 34823 4313 7 new new JJ 34823 4313 8 loan loan NN 34823 4313 9 at at IN 34823 4313 10 Bank Bank NNP 34823 4313 11 Y Y NNP 34823 4313 12 , , , 34823 4313 13 may may MD 34823 4313 14 call call VB 34823 4313 15 a a DT 34823 4313 16 loan loan NN 34823 4313 17 from from IN 34823 4313 18 broker broker NN 34823 4313 19 B B NNP 34823 4313 20 , , , 34823 4313 21 who who WP 34823 4313 22 may may MD 34823 4313 23 then then RB 34823 4313 24 call call VB 34823 4313 25 a a DT 34823 4313 26 loan loan NN 34823 4313 27 from from IN 34823 4313 28 broker broker NN 34823 4313 29 C C NNP 34823 4313 30 , , , 34823 4313 31 who who WP 34823 4313 32 may may MD 34823 4313 33 go go VB 34823 4313 34 to to IN 34823 4313 35 Bank Bank NNP 34823 4313 36 Y Y NNP 34823 4313 37 to to TO 34823 4313 38 get get VB 34823 4313 39 the the DT 34823 4313 40 funds fund NNS 34823 4313 41 he -PRON- PRP 34823 4313 42 needs need VBZ 34823 4313 43 to to TO 34823 4313 44 pay pay VB 34823 4313 45 B. B. NNP 34823 4314 1 Here here RB 34823 4314 2 are be VBP 34823 4314 3 two two CD 34823 4314 4 new new JJ 34823 4314 5 checks check NNS 34823 4314 6 in in IN 34823 4314 7 the the DT 34823 4314 8 series series NN 34823 4314 9 , , , 34823 4314 10 both both DT 34823 4314 11 of of IN 34823 4314 12 which which WDT 34823 4314 13 get get VBP 34823 4314 14 into into IN 34823 4314 15 the the DT 34823 4314 16 " " `` 34823 4314 17 all all DT 34823 4314 18 other other JJ 34823 4314 19 " " '' 34823 4314 20 deposits deposit NNS 34823 4314 21 . . . 34823 4315 1 Checks check NNS 34823 4315 2 fly fly VBP 34823 4315 3 about about IN 34823 4315 4 recklessly recklessly RB 34823 4315 5 in in IN 34823 4315 6 Wall Wall NNP 34823 4315 7 Street Street NNP 34823 4315 8 , , , 34823 4315 9 and and CC 34823 4315 10 men man NNS 34823 4315 11 will will MD 34823 4315 12 turn turn VB 34823 4315 13 over over RP 34823 4315 14 money money NN 34823 4315 15 many many JJ 34823 4315 16 times time NNS 34823 4315 17 , , , 34823 4315 18 if if IN 34823 4315 19 an an DT 34823 4315 20 eighth eighth NN 34823 4315 21 of of IN 34823 4315 22 1 1 CD 34823 4315 23 % % NN 34823 4315 24 , , , 34823 4315 25 or or CC 34823 4315 26 less less RBR 34823 4315 27 , , , 34823 4315 28 can can MD 34823 4315 29 stick stick VB 34823 4315 30 by by IN 34823 4315 31 the the DT 34823 4315 32 way way NN 34823 4315 33 , , , 34823 4315 34 on on IN 34823 4315 35 a a DT 34823 4315 36 good good JJ 34823 4315 37 sum sum NN 34823 4315 38 , , , 34823 4315 39 for for IN 34823 4315 40 a a DT 34823 4315 41 few few JJ 34823 4315 42 days day NNS 34823 4315 43 ! ! . 34823 4316 1 This this DT 34823 4316 2 is be VBZ 34823 4316 3 strikingly strikingly RB 34823 4316 4 illustrated illustrate VBN 34823 4316 5 by by IN 34823 4316 6 a a DT 34823 4316 7 fact fact NN 34823 4316 8 which which WDT 34823 4316 9 caught catch VBD 34823 4316 10 my -PRON- PRP$ 34823 4316 11 attention attention NN 34823 4316 12 in in IN 34823 4316 13 the the DT 34823 4316 14 monthly monthly JJ 34823 4316 15 bank bank NN 34823 4316 16 statement statement NN 34823 4316 17 of of IN 34823 4316 18 a a DT 34823 4316 19 brokerage brokerage NN 34823 4316 20 house house NN 34823 4316 21 which which WDT 34823 4316 22 I -PRON- PRP 34823 4316 23 was be VBD 34823 4316 24 allowed allow VBN 34823 4316 25 to to TO 34823 4316 26 examine examine VB 34823 4316 27 . . . 34823 4317 1 The the DT 34823 4317 2 deposits deposit NNS 34823 4317 3 made make VBN 34823 4317 4 during during IN 34823 4317 5 the the DT 34823 4317 6 month month NN 34823 4317 7 , , , 34823 4317 8 and and CC 34823 4317 9 the the DT 34823 4317 10 checks check NNS 34823 4317 11 drawn draw VBN 34823 4317 12 during during IN 34823 4317 13 the the DT 34823 4317 14 month month NN 34823 4317 15 , , , 34823 4317 16 balanced balance VBN 34823 4317 17 to to IN 34823 4317 18 within within IN 34823 4317 19 five five CD 34823 4317 20 hundred hundred CD 34823 4317 21 and and CC 34823 4317 22 fifty fifty CD 34823 4317 23 dollars dollar NNS 34823 4317 24 out out IN 34823 4317 25 of of IN 34823 4317 26 several several JJ 34823 4317 27 millions million NNS 34823 4317 28 . . . 34823 4318 1 The the DT 34823 4318 2 broker broker NN 34823 4318 3 said say VBD 34823 4318 4 of of IN 34823 4318 5 this this DT 34823 4318 6 : : : 34823 4318 7 " " `` 34823 4318 8 It -PRON- PRP 34823 4318 9 would would MD 34823 4318 10 be be VB 34823 4318 11 true true JJ 34823 4318 12 even even RB 34823 4318 13 for for IN 34823 4318 14 a a DT 34823 4318 15 single single JJ 34823 4318 16 day day NN 34823 4318 17 , , , 34823 4318 18 and and CC 34823 4318 19 it -PRON- PRP 34823 4318 20 would would MD 34823 4318 21 be be VB 34823 4318 22 true true JJ 34823 4318 23 for for IN 34823 4318 24 a a DT 34823 4318 25 year year NN 34823 4318 26 . . . 34823 4319 1 The the DT 34823 4319 2 bank bank NN 34823 4319 3 requires require VBZ 34823 4319 4 us -PRON- PRP 34823 4319 5 to to TO 34823 4319 6 keep keep VB 34823 4319 7 a a DT 34823 4319 8 minimum minimum JJ 34823 4319 9 balance balance NN 34823 4319 10 ; ; : 34823 4319 11 it -PRON- PRP 34823 4319 12 is be VBZ 34823 4319 13 to to IN 34823 4319 14 our -PRON- PRP$ 34823 4319 15 interest interest NN 34823 4319 16 not not RB 34823 4319 17 to to TO 34823 4319 18 keep keep VB 34823 4319 19 more more JJR 34823 4319 20 than than IN 34823 4319 21 that that DT 34823 4319 22 . . . 34823 4320 1 If if IN 34823 4320 2 we -PRON- PRP 34823 4320 3 have have VBP 34823 4320 4 more more JJR 34823 4320 5 at at IN 34823 4320 6 the the DT 34823 4320 7 end end NN 34823 4320 8 of of IN 34823 4320 9 the the DT 34823 4320 10 day day NN 34823 4320 11 , , , 34823 4320 12 we -PRON- PRP 34823 4320 13 lend lend VBP 34823 4320 14 it -PRON- PRP 34823 4320 15 out out RP 34823 4320 16 ; ; : 34823 4320 17 if if IN 34823 4320 18 we -PRON- PRP 34823 4320 19 have have VBP 34823 4320 20 less less JJR 34823 4320 21 , , , 34823 4320 22 we -PRON- PRP 34823 4320 23 borrow borrow VBP 34823 4320 24 to to TO 34823 4320 25 make make VB 34823 4320 26 up up RP 34823 4320 27 the the DT 34823 4320 28 deficiency deficiency NN 34823 4320 29 . . . 34823 4321 1 We -PRON- PRP 34823 4321 2 try try VBP 34823 4321 3 to to TO 34823 4321 4 have have VB 34823 4321 5 just just RB 34823 4321 6 that that DT 34823 4321 7 balance balance NN 34823 4321 8 , , , 34823 4321 9 and and CC 34823 4321 10 no no RB 34823 4321 11 more more JJR 34823 4321 12 , , , 34823 4321 13 to to IN 34823 4321 14 our -PRON- PRP$ 34823 4321 15 credit credit NN 34823 4321 16 at at IN 34823 4321 17 the the DT 34823 4321 18 bank bank NN 34823 4321 19 at at IN 34823 4321 20 the the DT 34823 4321 21 end end NN 34823 4321 22 of of IN 34823 4321 23 every every DT 34823 4321 24 day day NN 34823 4321 25 . . . 34823 4321 26 " " '' 34823 4322 1 The the DT 34823 4322 2 handling handling NN 34823 4322 3 of of IN 34823 4322 4 funds fund NNS 34823 4322 5 by by IN 34823 4322 6 a a DT 34823 4322 7 brokerage brokerage NN 34823 4322 8 house house NN 34823 4322 9 is be VBZ 34823 4322 10 a a DT 34823 4322 11 fine fine JJ 34823 4322 12 art art NN 34823 4322 13 , , , 34823 4322 14 involving involve VBG 34823 4322 15 both both DT 34823 4322 16 technical technical JJ 34823 4322 17 skill skill NN 34823 4322 18 and and CC 34823 4322 19 a a DT 34823 4322 20 philosophic philosophic JJ 34823 4322 21 grasp grasp NN 34823 4322 22 of of IN 34823 4322 23 the the DT 34823 4322 24 factors factor NNS 34823 4322 25 of of IN 34823 4322 26 the the DT 34823 4322 27 " " `` 34823 4322 28 money money NN 34823 4322 29 market market NN 34823 4322 30 . . . 34823 4322 31 " " '' 34823 4323 1 Are be VBP 34823 4323 2 rates rate NNS 34823 4323 3 going go VBG 34823 4323 4 up up RB 34823 4323 5 ? ? . 34823 4324 1 Then then RB 34823 4324 2 it -PRON- PRP 34823 4324 3 is be VBZ 34823 4324 4 well well JJ 34823 4324 5 to to TO 34823 4324 6 reduce reduce VB 34823 4324 7 call call NN 34823 4324 8 loans loan NNS 34823 4324 9 , , , 34823 4324 10 and and CC 34823 4324 11 borrow borrow VB 34823 4324 12 more more JJR 34823 4324 13 on on IN 34823 4324 14 time time NN 34823 4324 15 . . . 34823 4325 1 If if IN 34823 4325 2 lower low JJR 34823 4325 3 rates rate NNS 34823 4325 4 are be VBP 34823 4325 5 anticipated anticipate VBN 34823 4325 6 , , , 34823 4325 7 more more RBR 34823 4325 8 call call JJ 34823 4325 9 money money NN 34823 4325 10 will will MD 34823 4325 11 be be VB 34823 4325 12 employed employ VBN 34823 4325 13 -- -- : 34823 4325 14 with with IN 34823 4325 15 the the DT 34823 4325 16 possibility possibility NN 34823 4325 17 of of IN 34823 4325 18 a a DT 34823 4325 19 " " `` 34823 4325 20 squeeze squeeze NN 34823 4325 21 " " '' 34823 4325 22 if if IN 34823 4325 23 too too RB 34823 4325 24 much much JJ 34823 4325 25 is be VBZ 34823 4325 26 taken take VBN 34823 4325 27 that that DT 34823 4325 28 way way NN 34823 4325 29 . . . 34823 4326 1 Hidden hide VBN 34823 4326 2 dangers danger NNS 34823 4326 3 must must MD 34823 4326 4 be be VB 34823 4326 5 foreseen foresee VBN 34823 4326 6 . . . 34823 4327 1 The the DT 34823 4327 2 sums sum NNS 34823 4327 3 borrowed borrow VBN 34823 4327 4 are be VBP 34823 4327 5 enormous enormous JJ 34823 4327 6 , , , 34823 4327 7 and and CC 34823 4327 8 brokers broker NNS 34823 4327 9 ' ' POS 34823 4327 10 profits profit NNS 34823 4327 11 depend depend VBP 34823 4327 12 in in IN 34823 4327 13 very very RB 34823 4327 14 substantial substantial JJ 34823 4327 15 degree degree NN 34823 4327 16 on on IN 34823 4327 17 their -PRON- PRP$ 34823 4327 18 skill skill NN 34823 4327 19 in in IN 34823 4327 20 borrowing borrowing NN 34823 4327 21 as as RB 34823 4327 22 cheaply cheaply RB 34823 4327 23 as as IN 34823 4327 24 possible possible JJ 34823 4327 25 , , , 34823 4327 26 and and CC 34823 4327 27 in in IN 34823 4327 28 utilizing utilize VBG 34823 4327 29 their -PRON- PRP$ 34823 4327 30 funds fund NNS 34823 4327 31 to to IN 34823 4327 32 the the DT 34823 4327 33 utmost utmost NN 34823 4327 34 . . . 34823 4328 1 It -PRON- PRP 34823 4328 2 is be VBZ 34823 4328 3 here here RB 34823 4328 4 , , , 34823 4328 5 I -PRON- PRP 34823 4328 6 think think VBP 34823 4328 7 , , , 34823 4328 8 in in IN 34823 4328 9 loan loan NN 34823 4328 10 transactions transaction NNS 34823 4328 11 between between IN 34823 4328 12 banks bank NNS 34823 4328 13 and and CC 34823 4328 14 brokers broker NNS 34823 4328 15 and and CC 34823 4328 16 between between IN 34823 4328 17 brokers broker NNS 34823 4328 18 , , , 34823 4328 19 that that IN 34823 4328 20 we -PRON- PRP 34823 4328 21 have have VBP 34823 4328 22 a a DT 34823 4328 23 major major JJ 34823 4328 24 part part NN 34823 4328 25 of of IN 34823 4328 26 the the DT 34823 4328 27 explanation explanation NN 34823 4328 28 of of IN 34823 4328 29 the the DT 34823 4328 30 huge huge JJ 34823 4328 31 deposit deposit NN 34823 4328 32 figures figure NNS 34823 4328 33 for for IN 34823 4328 34 New New NNP 34823 4328 35 York York NNP 34823 4328 36 City City NNP 34823 4328 37 , , , 34823 4328 38 and and CC 34823 4328 39 for for IN 34823 4328 40 the the DT 34823 4328 41 tremendous tremendous JJ 34823 4328 42 influence influence NN 34823 4328 43 of of IN 34823 4328 44 stock stock NN 34823 4328 45 sales sale NNS 34823 4328 46 on on IN 34823 4328 47 clearings clearing NNS 34823 4328 48 , , , 34823 4328 49 which which WDT 34823 4328 50 Mr. Mr. NNP 34823 4328 51 Silberling's[445 Silberling's[445 NNP 34823 4328 52 ] ] -RRB- 34823 4328 53 figures figure NNS 34823 4328 54 show show VBP 34823 4328 55 . . . 34823 4329 1 This this DT 34823 4329 2 is be VBZ 34823 4329 3 the the DT 34823 4329 4 opinion opinion NN 34823 4329 5 of of IN 34823 4329 6 Professor Professor NNP 34823 4329 7 O. O. NNP 34823 4329 8 M. M. NNP 34823 4329 9 W. W. NNP 34823 4329 10 Sprague Sprague NNP 34823 4329 11 , , , 34823 4329 12 who who WP 34823 4329 13 first first RB 34823 4329 14 called call VBD 34823 4329 15 my -PRON- PRP$ 34823 4329 16 attention attention NN 34823 4329 17 to to IN 34823 4329 18 the the DT 34823 4329 19 volume volume NN 34823 4329 20 of of IN 34823 4329 21 call call NN 34823 4329 22 loans loan NNS 34823 4329 23 , , , 34823 4329 24 and and CC 34823 4329 25 rapid rapid JJ 34823 4329 26 shifting shifting NN 34823 4329 27 of of IN 34823 4329 28 call call JJ 34823 4329 29 loans loan NNS 34823 4329 30 , , , 34823 4329 31 in in IN 34823 4329 32 New New NNP 34823 4329 33 York York NNP 34823 4329 34 , , , 34823 4329 35 and and CC 34823 4329 36 it -PRON- PRP 34823 4329 37 is be VBZ 34823 4329 38 the the DT 34823 4329 39 opinion opinion NN 34823 4329 40 of of IN 34823 4329 41 every every DT 34823 4329 42 Wall Wall NNP 34823 4329 43 Street Street NNP 34823 4329 44 man man NN 34823 4329 45 with with IN 34823 4329 46 whom whom WP 34823 4329 47 I -PRON- PRP 34823 4329 48 have have VBP 34823 4329 49 discussed discuss VBN 34823 4329 50 the the DT 34823 4329 51 matter matter NN 34823 4329 52 . . . 34823 4330 1 The the DT 34823 4330 2 actual actual JJ 34823 4330 3 pecuniary pecuniary NN 34823 4330 4 magnitude magnitude NN 34823 4330 5 of of IN 34823 4330 6 the the DT 34823 4330 7 share share NN 34823 4330 8 sales sale NNS 34823 4330 9 and and CC 34823 4330 10 bond bond NN 34823 4330 11 sales sale NNS 34823 4330 12 is be VBZ 34823 4330 13 not not RB 34823 4330 14 enough enough JJ 34823 4330 15 to to TO 34823 4330 16 do do VB 34823 4330 17 it -PRON- PRP 34823 4330 18 . . . 34823 4331 1 The the DT 34823 4331 2 mass mass NN 34823 4331 3 of of IN 34823 4331 4 connected connected JJ 34823 4331 5 loan loan NN 34823 4331 6 transactions transaction NNS 34823 4331 7 , , , 34823 4331 8 however however RB 34823 4331 9 , , , 34823 4331 10 substantially substantially RB 34823 4331 11 greater great JJR 34823 4331 12 in in IN 34823 4331 13 volume volume NN 34823 4331 14 than than IN 34823 4331 15 the the DT 34823 4331 16 actual actual JJ 34823 4331 17 sales sale NNS 34823 4331 18 of of IN 34823 4331 19 securities security NNS 34823 4331 20 , , , 34823 4331 21 is be VBZ 34823 4331 22 , , , 34823 4331 23 with with IN 34823 4331 24 the the DT 34823 4331 25 security security NN 34823 4331 26 sales sale NNS 34823 4331 27 , , , 34823 4331 28 enough enough RB 34823 4331 29 to to TO 34823 4331 30 do do VB 34823 4331 31 it -PRON- PRP 34823 4331 32 . . . 34823 4332 1 When when WRB 34823 4332 2 the the DT 34823 4332 3 call call NN 34823 4332 4 rate rate NN 34823 4332 5 is be VBZ 34823 4332 6 high high JJ 34823 4332 7 , , , 34823 4332 8 which which WDT 34823 4332 9 will will MD 34823 4332 10 particularly particularly RB 34823 4332 11 happen happen VB 34823 4332 12 when when WRB 34823 4332 13 bank bank NN 34823 4332 14 reserves reserve NNS 34823 4332 15 are be VBP 34823 4332 16 low low JJ 34823 4332 17 , , , 34823 4332 18 the the DT 34823 4332 19 shifting shifting NN 34823 4332 20 in in IN 34823 4332 21 loans loan NNS 34823 4332 22 will will MD 34823 4332 23 be be VB 34823 4332 24 much much RB 34823 4332 25 increased increase VBN 34823 4332 26 . . . 34823 4333 1 One one CD 34823 4333 2 bank bank NN 34823 4333 3 will will MD 34823 4333 4 have have VB 34823 4333 5 money money NN 34823 4333 6 to to TO 34823 4333 7 lend lend VB 34823 4333 8 one one CD 34823 4333 9 day day NN 34823 4333 10 , , , 34823 4333 11 but but CC 34823 4333 12 the the DT 34823 4333 13 next next JJ 34823 4333 14 day day NN 34823 4333 15 will will MD 34823 4333 16 have have VB 34823 4333 17 to to TO 34823 4333 18 call call VB 34823 4333 19 it -PRON- PRP 34823 4333 20 , , , 34823 4333 21 to to TO 34823 4333 22 meet meet VB 34823 4333 23 heavy heavy JJ 34823 4333 24 demands demand NNS 34823 4333 25 at at IN 34823 4333 26 the the DT 34823 4333 27 Clearing Clearing NNP 34823 4333 28 House House NNP 34823 4333 29 , , , 34823 4333 30 while while IN 34823 4333 31 some some DT 34823 4333 32 other other JJ 34823 4333 33 bank bank NN 34823 4333 34 will will MD 34823 4333 35 have have VB 34823 4333 36 the the DT 34823 4333 37 surplus surplus JJ 34823 4333 38 funds fund NNS 34823 4333 39 to to TO 34823 4333 40 lend lend VB 34823 4333 41 . . . 34823 4334 1 The the DT 34823 4334 2 brokers broker NNS 34823 4334 3 , , , 34823 4334 4 by by IN 34823 4334 5 bidding bid VBG 34823 4334 6 up up RP 34823 4334 7 the the DT 34823 4334 8 rate rate NN 34823 4334 9 , , , 34823 4334 10 will will MD 34823 4334 11 tempt tempt VB 34823 4334 12 the the DT 34823 4334 13 temporary temporary JJ 34823 4334 14 lending lending NN 34823 4334 15 even even RB 34823 4334 16 of of IN 34823 4334 17 small small JJ 34823 4334 18 surpluses surplus NNS 34823 4334 19 , , , 34823 4334 20 if if IN 34823 4334 21 their -PRON- PRP$ 34823 4334 22 necessities necessity NNS 34823 4334 23 are be VBP 34823 4334 24 great great JJ 34823 4334 25 . . . 34823 4335 1 The the DT 34823 4335 2 volume volume NN 34823 4335 3 of of IN 34823 4335 4 " " `` 34823 4335 5 all all DT 34823 4335 6 other other JJ 34823 4335 7 deposits deposit NNS 34823 4335 8 " " '' 34823 4335 9 and and CC 34823 4335 10 of of IN 34823 4335 11 bank bank NN 34823 4335 12 clearings clearing NNS 34823 4335 13 will will MD 34823 4335 14 be be VB 34823 4335 15 swelled swell VBN 34823 4335 16 by by IN 34823 4335 17 this this DT 34823 4335 18 much much JJ 34823 4335 19 beyond beyond IN 34823 4335 20 ordinary ordinary JJ 34823 4335 21 . . . 34823 4336 1 That that IN 34823 4336 2 this this DT 34823 4336 3 should should MD 34823 4336 4 not not RB 34823 4336 5 be be VB 34823 4336 6 revealed reveal VBN 34823 4336 7 to to IN 34823 4336 8 ordinary ordinary JJ 34823 4336 9 statistical statistical JJ 34823 4336 10 tests test NNS 34823 4336 11 is be VBZ 34823 4336 12 due due JJ 34823 4336 13 to to IN 34823 4336 14 the the DT 34823 4336 15 fact fact NN 34823 4336 16 that that IN 34823 4336 17 speculation speculation NN 34823 4336 18 tends tend VBZ 34823 4336 19 to to TO 34823 4336 20 fall fall VB 34823 4336 21 off off RP 34823 4336 22 at at IN 34823 4336 23 such such PDT 34823 4336 24 a a DT 34823 4336 25 time time NN 34823 4336 26 , , , 34823 4336 27 so so IN 34823 4336 28 that that IN 34823 4336 29 the the DT 34823 4336 30 other other JJ 34823 4336 31 factors factor NNS 34823 4336 32 in in IN 34823 4336 33 the the DT 34823 4336 34 stock stock NN 34823 4336 35 exchange exchange NN 34823 4336 36 operations operation NNS 34823 4336 37 tend tend VBP 34823 4336 38 to to TO 34823 4336 39 reduce reduce VB 34823 4336 40 daily daily JJ 34823 4336 41 deposits deposit NNS 34823 4336 42 and and CC 34823 4336 43 bank bank NN 34823 4336 44 clearings clearing NNS 34823 4336 45 . . . 34823 4337 1 Mr. Mr. NNP 34823 4337 2 Silberling Silberling NNP 34823 4337 3 has have VBZ 34823 4337 4 applied apply VBN 34823 4337 5 to to IN 34823 4337 6 this this DT 34823 4337 7 problem problem NN 34823 4337 8 the the DT 34823 4337 9 technique technique NN 34823 4337 10 of of IN 34823 4337 11 a a DT 34823 4337 12 refinement refinement NN 34823 4337 13 of of IN 34823 4337 14 the the DT 34823 4337 15 correlation correlation NN 34823 4337 16 method method NN 34823 4337 17 , , , 34823 4337 18 the the DT 34823 4337 19 method method NN 34823 4337 20 of of IN 34823 4337 21 partial partial JJ 34823 4337 22 correlation correlation NN 34823 4337 23 , , , 34823 4337 24 with with IN 34823 4337 25 the the DT 34823 4337 26 result result NN 34823 4337 27 of of IN 34823 4337 28 confirming confirm VBG 34823 4337 29 this this DT 34823 4337 30 view view NN 34823 4337 31 . . . 34823 4338 1 [ [ -LRB- 34823 4338 2 446 446 CD 34823 4338 3 ] ] -RRB- 34823 4338 4 I -PRON- PRP 34823 4338 5 conclude conclude VBP 34823 4338 6 , , , 34823 4338 7 therefore therefore RB 34823 4338 8 , , , 34823 4338 9 that that IN 34823 4338 10 stock stock NN 34823 4338 11 exchange exchange NN 34823 4338 12 transactions transaction NNS 34823 4338 13 , , , 34823 4338 14 instead instead RB 34823 4338 15 of of IN 34823 4338 16 being be VBG 34823 4338 17 undercounted undercounted JJ 34823 4338 18 in in IN 34823 4338 19 bank bank NN 34823 4338 20 deposits deposit NNS 34823 4338 21 , , , 34823 4338 22 are be VBP 34823 4338 23 very very RB 34823 4338 24 greatly greatly RB 34823 4338 25 overcounted overcounted JJ 34823 4338 26 . . . 34823 4339 1 [ [ -LRB- 34823 4339 2 447 447 CD 34823 4339 3 ] ] -RRB- 34823 4339 4 The the DT 34823 4339 5 big big JJ 34823 4339 6 item item NN 34823 4339 7 that that WDT 34823 4339 8 does do VBZ 34823 4339 9 it -PRON- PRP 34823 4339 10 is be VBZ 34823 4339 11 loan loan NN 34823 4339 12 transactions transaction NNS 34823 4339 13 between between IN 34823 4339 14 brokers broker NNS 34823 4339 15 and and CC 34823 4339 16 brokers broker NNS 34823 4339 17 and and CC 34823 4339 18 between between IN 34823 4339 19 brokers broker NNS 34823 4339 20 and and CC 34823 4339 21 banks bank NNS 34823 4339 22 . . . 34823 4340 1 The the DT 34823 4340 2 evidence evidence NN 34823 4340 3 from from IN 34823 4340 4 the the DT 34823 4340 5 Chicago Chicago NNP 34823 4340 6 Board Board NNP 34823 4340 7 of of IN 34823 4340 8 Trade Trade NNP 34823 4340 9 , , , 34823 4340 10 with with IN 34823 4340 11 reference reference NN 34823 4340 12 to to IN 34823 4340 13 the the DT 34823 4340 14 extent extent NN 34823 4340 15 of of IN 34823 4340 16 clearings clearing NNS 34823 4340 17 within within IN 34823 4340 18 the the DT 34823 4340 19 exchange exchange NN 34823 4340 20 there there RB 34823 4340 21 , , , 34823 4340 22 comes come VBZ 34823 4340 23 in in IN 34823 4340 24 a a DT 34823 4340 25 letter letter NN 34823 4340 26 from from IN 34823 4340 27 the the DT 34823 4340 28 Secretary Secretary NNP 34823 4340 29 of of IN 34823 4340 30 the the DT 34823 4340 31 Board Board NNP 34823 4340 32 of of IN 34823 4340 33 Trade Trade NNP 34823 4340 34 to to IN 34823 4340 35 Professor Professor NNP 34823 4340 36 Taussig Taussig NNP 34823 4340 37 . . . 34823 4341 1 The the DT 34823 4341 2 only only JJ 34823 4341 3 clearing clear VBG 34823 4341 4 house house NN 34823 4341 5 transactions transaction NNS 34823 4341 6 are be VBP 34823 4341 7 in in IN 34823 4341 8 connection connection NN 34823 4341 9 with with IN 34823 4341 10 " " `` 34823 4341 11 futures future NNS 34823 4341 12 . . . 34823 4341 13 " " '' 34823 4342 1 All all DT 34823 4342 2 " " `` 34823 4342 3 spot spot NN 34823 4342 4 " " '' 34823 4342 5 transactions transaction NNS 34823 4342 6 are be VBP 34823 4342 7 paid pay VBN 34823 4342 8 in in IN 34823 4342 9 full full JJ 34823 4342 10 by by IN 34823 4342 11 check check NN 34823 4342 12 . . . 34823 4343 1 All all DT 34823 4343 2 futures future NNS 34823 4343 3 other other JJ 34823 4343 4 than than IN 34823 4343 5 those those DT 34823 4343 6 offset offset VBN 34823 4343 7 by by IN 34823 4343 8 clearing clearing NN 34823 4343 9 are be VBP 34823 4343 10 paid pay VBN 34823 4343 11 in in IN 34823 4343 12 full full JJ 34823 4343 13 by by IN 34823 4343 14 check check NN 34823 4343 15 . . . 34823 4344 1 The the DT 34823 4344 2 total total JJ 34823 4344 3 amount amount NN 34823 4344 4 put put VBN 34823 4344 5 through through IN 34823 4344 6 the the DT 34823 4344 7 Clearing Clearing NNP 34823 4344 8 House House NNP 34823 4344 9 in in IN 34823 4344 10 1915 1915 CD 34823 4344 11 was be VBD 34823 4344 12 118 118 CD 34823 4344 13 millions million NNS 34823 4344 14 , , , 34823 4344 15 of of IN 34823 4344 16 which which WDT 34823 4344 17 the the DT 34823 4344 18 balances balance NNS 34823 4344 19 paid pay VBN 34823 4344 20 were be VBD 34823 4344 21 41 41 CD 34823 4344 22 millions million NNS 34823 4344 23 ( ( -LRB- 34823 4344 24 saving save VBG 34823 4344 25 checks check NNS 34823 4344 26 to to IN 34823 4344 27 the the DT 34823 4344 28 extent extent NN 34823 4344 29 of of IN 34823 4344 30 77 77 CD 34823 4344 31 millions million NNS 34823 4344 32 ) ) -RRB- 34823 4344 33 . . . 34823 4345 1 This this DT 34823 4345 2 77 77 CD 34823 4345 3 millions million NNS 34823 4345 4 is be VBZ 34823 4345 5 a a DT 34823 4345 6 trifle trifle NN 34823 4345 7 indeed indeed RB 34823 4345 8 as as IN 34823 4345 9 compared compare VBN 34823 4345 10 with with IN 34823 4345 11 the the DT 34823 4345 12 gap gap NN 34823 4345 13 of of IN 34823 4345 14 245 245 CD 34823 4345 15 billions billion NNS 34823 4345 16 we -PRON- PRP 34823 4345 17 are be VBP 34823 4345 18 trying try VBG 34823 4345 19 to to TO 34823 4345 20 fill fill VB 34823 4345 21 ! ! . 34823 4346 1 It -PRON- PRP 34823 4346 2 is be VBZ 34823 4346 3 a a DT 34823 4346 4 trifle trifle NN 34823 4346 5 also also RB 34823 4346 6 as as IN 34823 4346 7 compared compare VBN 34823 4346 8 with with IN 34823 4346 9 the the DT 34823 4346 10 business business NN 34823 4346 11 done do VBN 34823 4346 12 on on IN 34823 4346 13 the the DT 34823 4346 14 Board Board NNP 34823 4346 15 of of IN 34823 4346 16 Trade Trade NNP 34823 4346 17 . . . 34823 4347 1 The the DT 34823 4347 2 Secretary Secretary NNP 34823 4347 3 estimates estimate VBZ 34823 4347 4 that that IN 34823 4347 5 commodities commodity NNS 34823 4347 6 to to IN 34823 4347 7 the the DT 34823 4347 8 value value NN 34823 4347 9 of of IN 34823 4347 10 $ $ $ 34823 4347 11 375,000,000 375,000,000 CD 34823 4347 12 actually actually RB 34823 4347 13 arrived arrive VBN 34823 4347 14 on on IN 34823 4347 15 the the DT 34823 4347 16 exchange exchange NN 34823 4347 17 in in IN 34823 4347 18 1915 1915 CD 34823 4347 19 . . . 34823 4348 1 On on IN 34823 4348 2 the the DT 34823 4348 3 average average NN 34823 4348 4 , , , 34823 4348 5 the the DT 34823 4348 6 figure figure NN 34823 4348 7 would would MD 34823 4348 8 be be VB 34823 4348 9 $ $ $ 34823 4348 10 350,000,000 350,000,000 CD 34823 4348 11 . . . 34823 4349 1 For for IN 34823 4349 2 the the DT 34823 4349 3 Stock Stock NNP 34823 4349 4 Yards Yards NNPS 34823 4349 5 " " `` 34823 4349 6 it -PRON- PRP 34823 4349 7 is be VBZ 34823 4349 8 approximately approximately RB 34823 4349 9 the the DT 34823 4349 10 same same JJ 34823 4349 11 -- -- : 34823 4349 12 last last JJ 34823 4349 13 year year NN 34823 4349 14 was be VBD 34823 4349 15 $ $ $ 34823 4349 16 375,000,000 375,000,000 CD 34823 4349 17 . . . 34823 4350 1 Of of IN 34823 4350 2 fruits fruit NNS 34823 4350 3 , , , 34823 4350 4 vegetables vegetable NNS 34823 4350 5 , , , 34823 4350 6 poultry poultry NN 34823 4350 7 , , , 34823 4350 8 butter butter NN 34823 4350 9 , , , 34823 4350 10 eggs egg NNS 34823 4350 11 , , , 34823 4350 12 etc etc FW 34823 4350 13 . . NN 34823 4350 14 , , , 34823 4350 15 sold sell VBN 34823 4350 16 in in IN 34823 4350 17 South South NNP 34823 4350 18 Water Water NNP 34823 4350 19 Street Street NNP 34823 4350 20 , , , 34823 4350 21 it -PRON- PRP 34823 4350 22 is be VBZ 34823 4350 23 claimed claim VBN 34823 4350 24 by by IN 34823 4350 25 their -PRON- PRP$ 34823 4350 26 statisticians statistician NNS 34823 4350 27 , , , 34823 4350 28 the the DT 34823 4350 29 value value NN 34823 4350 30 is be VBZ 34823 4350 31 $ $ $ 34823 4350 32 350,000,000 350,000,000 CD 34823 4350 33 , , , 34823 4350 34 or or CC 34823 4350 35 a a DT 34823 4350 36 total total NN 34823 4350 37 of of IN 34823 4350 38 about about RB 34823 4350 39 eleven eleven CD 34823 4350 40 hundred hundred CD 34823 4350 41 millions million NNS 34823 4350 42 _ _ NNP 34823 4350 43 arriving arrive VBG 34823 4350 44 _ _ NNP 34823 4350 45 [ [ -LRB- 34823 4350 46 Italics Italics NNP 34823 4350 47 mine mine NN 34823 4350 48 ] ] -RRB- 34823 4350 49 yearly yearly RB 34823 4350 50 at at IN 34823 4350 51 this this DT 34823 4350 52 great great JJ 34823 4350 53 market market NN 34823 4350 54 place place NN 34823 4350 55 , , , 34823 4350 56 all all DT 34823 4350 57 of of IN 34823 4350 58 which which WDT 34823 4350 59 is be VBZ 34823 4350 60 paid pay VBN 34823 4350 61 for for IN 34823 4350 62 by by IN 34823 4350 63 checks check NNS 34823 4350 64 , , , 34823 4350 65 and and CC 34823 4350 66 when when WRB 34823 4350 67 the the DT 34823 4350 68 ownership ownership NN 34823 4350 69 changes change VBZ 34823 4350 70 , , , 34823 4350 71 the the DT 34823 4350 72 change change NN 34823 4350 73 of of IN 34823 4350 74 ownership ownership NN 34823 4350 75 is be VBZ 34823 4350 76 always always RB 34823 4350 77 paid pay VBN 34823 4350 78 by by IN 34823 4350 79 check check NN 34823 4350 80 . . . 34823 4350 81 " " '' 34823 4351 1 How how WRB 34823 4351 2 many many JJ 34823 4351 3 times time NNS 34823 4351 4 the the DT 34823 4351 5 goods good NNS 34823 4351 6 change change VBP 34823 4351 7 hands hand NNS 34823 4351 8 , , , 34823 4351 9 can can MD 34823 4351 10 not not RB 34823 4351 11 be be VB 34823 4351 12 stated state VBN 34823 4351 13 on on IN 34823 4351 14 the the DT 34823 4351 15 basis basis NN 34823 4351 16 of of IN 34823 4351 17 records record NNS 34823 4351 18 of of IN 34823 4351 19 the the DT 34823 4351 20 Board Board NNP 34823 4351 21 of of IN 34823 4351 22 Trade Trade NNP 34823 4351 23 . . . 34823 4352 1 The the DT 34823 4352 2 Secretary Secretary NNP 34823 4352 3 contents content VBZ 34823 4352 4 himself -PRON- PRP 34823 4352 5 with with IN 34823 4352 6 saying say VBG 34823 4352 7 that that IN 34823 4352 8 they -PRON- PRP 34823 4352 9 are be VBP 34823 4352 10 " " `` 34823 4352 11 sold sell VBN 34823 4352 12 and and CC 34823 4352 13 resold resold VBD 34823 4352 14 many many JJ 34823 4352 15 times time NNS 34823 4352 16 . . . 34823 4352 17 " " '' 34823 4353 1 We -PRON- PRP 34823 4353 2 have have VBP 34823 4353 3 discussed discuss VBN 34823 4353 4 this this DT 34823 4353 5 , , , 34823 4353 6 on on IN 34823 4353 7 the the DT 34823 4353 8 basis basis NN 34823 4353 9 of of IN 34823 4353 10 reputed reputed JJ 34823 4353 11 figures figure NNS 34823 4353 12 of of IN 34823 4353 13 the the DT 34823 4353 14 Federal Federal NNP 34823 4353 15 tax tax NN 34823 4353 16 on on IN 34823 4353 17 grain grain NN 34823 4353 18 futures future NNS 34823 4353 19 in in IN 34823 4353 20 1915 1915 CD 34823 4353 21 , , , 34823 4353 22 in in IN 34823 4353 23 our -PRON- PRP$ 34823 4353 24 chapter chapter NN 34823 4353 25 on on IN 34823 4353 26 " " `` 34823 4353 27 Volume Volume NNP 34823 4353 28 of of IN 34823 4353 29 Money money NN 34823 4353 30 and and CC 34823 4353 31 Volume Volume NNP 34823 4353 32 of of IN 34823 4353 33 Trade Trade NNP 34823 4353 34 . . . 34823 4353 35 " " '' 34823 4354 1 In in IN 34823 4354 2 any any DT 34823 4354 3 case case NN 34823 4354 4 , , , 34823 4354 5 it -PRON- PRP 34823 4354 6 is be VBZ 34823 4354 7 clear clear JJ 34823 4354 8 that that IN 34823 4354 9 the the DT 34823 4354 10 77 77 CD 34823 4354 11 millions million NNS 34823 4354 12 of of IN 34823 4354 13 checks check NNS 34823 4354 14 economized economize VBN 34823 4354 15 , , , 34823 4354 16 though though IN 34823 4354 17 absolutely absolutely RB 34823 4354 18 great great JJ 34823 4354 19 , , , 34823 4354 20 is be VBZ 34823 4354 21 relatively relatively RB 34823 4354 22 a a DT 34823 4354 23 bagatelle bagatelle NN 34823 4354 24 . . . 34823 4355 1 It -PRON- PRP 34823 4355 2 is be VBZ 34823 4355 3 , , , 34823 4355 4 moreover moreover RB 34823 4355 5 , , , 34823 4355 6 more more RBR 34823 4355 7 than than IN 34823 4355 8 compensated compensate VBN 34823 4355 9 for for IN 34823 4355 10 by by IN 34823 4355 11 loan loan NN 34823 4355 12 transactions transaction NNS 34823 4355 13 . . . 34823 4356 1 The the DT 34823 4356 2 Secretary Secretary NNP 34823 4356 3 estimates estimate VBZ 34823 4356 4 that that IN 34823 4356 5 for for IN 34823 4356 6 a a DT 34823 4356 7 sixty sixty CD 34823 4356 8 - - HYPH 34823 4356 9 day day NN 34823 4356 10 period period NN 34823 4356 11 , , , 34823 4356 12 when when WRB 34823 4356 13 grain grain NN 34823 4356 14 is be VBZ 34823 4356 15 coming come VBG 34823 4356 16 in in RB 34823 4356 17 , , , 34823 4356 18 from from IN 34823 4356 19 two two CD 34823 4356 20 to to TO 34823 4356 21 four four CD 34823 4356 22 millions million NNS 34823 4356 23 will will MD 34823 4356 24 be be VB 34823 4356 25 lent lend VBN 34823 4356 26 by by IN 34823 4356 27 the the DT 34823 4356 28 banks bank NNS 34823 4356 29 daily daily RB 34823 4356 30 on on IN 34823 4356 31 _ _ NNP 34823 4356 32 arriving arrive VBG 34823 4356 33 _ _ NNP 34823 4356 34 grain grain NN 34823 4356 35 . . . 34823 4357 1 How how WRB 34823 4357 2 great great JJ 34823 4357 3 the the DT 34823 4357 4 loan loan NN 34823 4357 5 transactions transaction NNS 34823 4357 6 on on IN 34823 4357 7 subsequent subsequent JJ 34823 4357 8 sales sale NNS 34823 4357 9 will will MD 34823 4357 10 be be VB 34823 4357 11 we -PRON- PRP 34823 4357 12 can can MD 34823 4357 13 only only RB 34823 4357 14 conjecture conjecture VB 34823 4357 15 . . . 34823 4358 1 While while IN 34823 4358 2 able able JJ 34823 4358 3 to to TO 34823 4358 4 find find VB 34823 4358 5 , , , 34823 4358 6 then then RB 34823 4358 7 , , , 34823 4358 8 important important JJ 34823 4358 9 cases case NNS 34823 4358 10 of of IN 34823 4358 11 trade trade NN 34823 4358 12 and and CC 34823 4358 13 speculation speculation NN 34823 4358 14 which which WDT 34823 4358 15 dispense dispense VBP 34823 4358 16 with with IN 34823 4358 17 the the DT 34823 4358 18 use use NN 34823 4358 19 of of IN 34823 4358 20 checks check NNS 34823 4358 21 , , , 34823 4358 22 I -PRON- PRP 34823 4358 23 can can MD 34823 4358 24 not not RB 34823 4358 25 find find VB 34823 4358 26 anything anything NN 34823 4358 27 of of IN 34823 4358 28 magnitude magnitude NN 34823 4358 29 sufficient sufficient JJ 34823 4358 30 to to TO 34823 4358 31 aid aid VB 34823 4358 32 Professor Professor NNP 34823 4358 33 Fisher Fisher NNP 34823 4358 34 's 's POS 34823 4358 35 case case NN 34823 4358 36 , , , 34823 4358 37 and and CC 34823 4358 38 I -PRON- PRP 34823 4358 39 find find VBP 34823 4358 40 , , , 34823 4358 41 on on IN 34823 4358 42 the the DT 34823 4358 43 other other JJ 34823 4358 44 hand hand NN 34823 4358 45 , , , 34823 4358 46 enormous enormous JJ 34823 4358 47 overcounting overcounting NN 34823 4358 48 in in IN 34823 4358 49 every every DT 34823 4358 50 field field NN 34823 4358 51 where where WRB 34823 4358 52 business business NN 34823 4358 53 and and CC 34823 4358 54 banks bank NNS 34823 4358 55 meet meet VBP 34823 4358 56 , , , 34823 4358 57 as as RB 34823 4358 58 well well RB 34823 4358 59 as as IN 34823 4358 60 in in IN 34823 4358 61 the the DT 34823 4358 62 relations relation NNS 34823 4358 63 of of IN 34823 4358 64 banks bank NNS 34823 4358 65 to to IN 34823 4358 66 non non JJ 34823 4358 67 - - JJ 34823 4358 68 commercial commercial JJ 34823 4358 69 depositors depositor NNS 34823 4358 70 . . . 34823 4359 1 I -PRON- PRP 34823 4359 2 conclude conclude VBP 34823 4359 3 , , , 34823 4359 4 therefore therefore RB 34823 4359 5 , , , 34823 4359 6 with with IN 34823 4359 7 reference reference NN 34823 4359 8 to to IN 34823 4359 9 the the DT 34823 4359 10 figures figure NNS 34823 4359 11 of of IN 34823 4359 12 Fisher Fisher NNP 34823 4359 13 and and CC 34823 4359 14 Kemmerer[448 Kemmerer[448 NNP 34823 4359 15 ] ] -RRB- 34823 4359 16 for for IN 34823 4359 17 volume volume NN 34823 4359 18 of of IN 34823 4359 19 trade trade NN 34823 4359 20 , , , 34823 4359 21 that that IN 34823 4359 22 they -PRON- PRP 34823 4359 23 are be VBP 34823 4359 24 much much RB 34823 4359 25 exaggerated exaggerated JJ 34823 4359 26 for for IN 34823 4359 27 the the DT 34823 4359 28 base base NN 34823 4359 29 year year NN 34823 4359 30 , , , 34823 4359 31 and and CC 34823 4359 32 that that IN 34823 4359 33 for for IN 34823 4359 34 every every DT 34823 4359 35 other other JJ 34823 4359 36 year year NN 34823 4359 37 they -PRON- PRP 34823 4359 38 are be VBP 34823 4359 39 wholly wholly RB 34823 4359 40 wrong wrong JJ 34823 4359 41 , , , 34823 4359 42 both both CC 34823 4359 43 because because IN 34823 4359 44 of of IN 34823 4359 45 their -PRON- PRP$ 34823 4359 46 excessive excessive JJ 34823 4359 47 magnitude magnitude NN 34823 4359 48 , , , 34823 4359 49 and and CC 34823 4359 50 because because IN 34823 4359 51 the the DT 34823 4359 52 index index NN 34823 4359 53 of of IN 34823 4359 54 variation variation NN 34823 4359 55 has have VBZ 34823 4359 56 been be VBN 34823 4359 57 wrongly wrongly RB 34823 4359 58 chosen choose VBN 34823 4359 59 . . . 34823 4360 1 The the DT 34823 4360 2 discussion discussion NN 34823 4360 3 of of IN 34823 4360 4 P p NN 34823 4360 5 , , , 34823 4360 6 the the DT 34823 4360 7 price price NN 34823 4360 8 - - HYPH 34823 4360 9 level level NN 34823 4360 10 , , , 34823 4360 11 in in IN 34823 4360 12 the the DT 34823 4360 13 statistics statistic NNS 34823 4360 14 of of IN 34823 4360 15 Kemmerer Kemmerer NNP 34823 4360 16 and and CC 34823 4360 17 Fisher Fisher NNP 34823 4360 18 need nee MD 34823 4360 19 not not RB 34823 4360 20 be be VB 34823 4360 21 extended extend VBN 34823 4360 22 . . . 34823 4361 1 P p NN 34823 4361 2 , , , 34823 4361 3 for for IN 34823 4361 4 the the DT 34823 4361 5 equation equation NN 34823 4361 6 of of IN 34823 4361 7 exchange exchange NN 34823 4361 8 , , , 34823 4361 9 and and CC 34823 4361 10 for for IN 34823 4361 11 the the DT 34823 4361 12 quantity quantity NN 34823 4361 13 theory theory NN 34823 4361 14 , , , 34823 4361 15 is be VBZ 34823 4361 16 a a DT 34823 4361 17 _ _ NNP 34823 4361 18 weighted weight VBD 34823 4361 19 _ _ NNP 34823 4361 20 average average NN 34823 4361 21 , , , 34823 4361 22 each each DT 34823 4361 23 price price NN 34823 4361 24 that that WDT 34823 4361 25 goes go VBZ 34823 4361 26 into into IN 34823 4361 27 it -PRON- PRP 34823 4361 28 being be VBG 34823 4361 29 weighted weight VBN 34823 4361 30 by by IN 34823 4361 31 the the DT 34823 4361 32 number number NN 34823 4361 33 of of IN 34823 4361 34 exchanges exchange NNS 34823 4361 35 involving involve VBG 34823 4361 36 the the DT 34823 4361 37 commodity commodity NN 34823 4361 38 of of IN 34823 4361 39 which which WDT 34823 4361 40 it -PRON- PRP 34823 4361 41 is be VBZ 34823 4361 42 the the DT 34823 4361 43 price price NN 34823 4361 44 . . . 34823 4362 1 The the DT 34823 4362 2 weighting weighting NN 34823 4362 3 of of IN 34823 4362 4 P p NN 34823 4362 5 should should MD 34823 4362 6 correspond correspond VB 34823 4362 7 to to IN 34823 4362 8 the the DT 34823 4362 9 elements element NNS 34823 4362 10 in in IN 34823 4362 11 T T NNP 34823 4362 12 , , , 34823 4362 13 the the DT 34823 4362 14 volume volume NN 34823 4362 15 of of IN 34823 4362 16 trade trade NN 34823 4362 17 , , , 34823 4362 18 and and CC 34823 4362 19 should should MD 34823 4362 20 vary vary VB 34823 4362 21 from from IN 34823 4362 22 year year NN 34823 4362 23 to to IN 34823 4362 24 year year NN 34823 4362 25 , , , 34823 4362 26 as as IN 34823 4362 27 the the DT 34823 4362 28 elements element NNS 34823 4362 29 in in IN 34823 4362 30 T T NNP 34823 4362 31 change change NN 34823 4362 32 . . . 34823 4363 1 [ [ -LRB- 34823 4363 2 449 449 CD 34823 4363 3 ] ] -RRB- 34823 4363 4 Now now RB 34823 4363 5 Kemmerer Kemmerer NNP 34823 4363 6 's 's POS 34823 4363 7 P P NNP 34823 4363 8 is be VBZ 34823 4363 9 weighted weight VBN 34823 4363 10 as as IN 34823 4363 11 follows follow VBZ 34823 4363 12 : : : 34823 4363 13 wages wage NNS 34823 4363 14 , , , 34823 4363 15 3 3 CD 34823 4363 16 , , , 34823 4363 17 security security NN 34823 4363 18 prices price NNS 34823 4363 19 , , , 34823 4363 20 8 8 CD 34823 4363 21 , , , 34823 4363 22 wholesale wholesale JJ 34823 4363 23 prices price NNS 34823 4363 24 , , , 34823 4363 25 89 89 CD 34823 4363 26 . . . 34823 4364 1 [ [ -LRB- 34823 4364 2 450 450 CD 34823 4364 3 ] ] -RRB- 34823 4364 4 If if IN 34823 4364 5 our -PRON- PRP$ 34823 4364 6 conclusions conclusion NNS 34823 4364 7 with with IN 34823 4364 8 reference reference NN 34823 4364 9 to to IN 34823 4364 10 the the DT 34823 4364 11 composition composition NN 34823 4364 12 of of IN 34823 4364 13 the the DT 34823 4364 14 volume volume NN 34823 4364 15 of of IN 34823 4364 16 trade trade NN 34823 4364 17 , , , 34823 4364 18 as as IN 34823 4364 19 developed develop VBN 34823 4364 20 in in IN 34823 4364 21 the the DT 34823 4364 22 chapter chapter NN 34823 4364 23 on on IN 34823 4364 24 " " `` 34823 4364 25 Volume Volume NNP 34823 4364 26 of of IN 34823 4364 27 Money money NN 34823 4364 28 and and CC 34823 4364 29 Volume Volume NNP 34823 4364 30 of of IN 34823 4364 31 Trade Trade NNP 34823 4364 32 , , , 34823 4364 33 " " `` 34823 4364 34 are be VBP 34823 4364 35 valid valid JJ 34823 4364 36 , , , 34823 4364 37 this this DT 34823 4364 38 weighting weighting NN 34823 4364 39 gives give VBZ 34823 4364 40 us -PRON- PRP 34823 4364 41 a a DT 34823 4364 42 P p NN 34823 4364 43 which which WDT 34823 4364 44 has have VBZ 34823 4364 45 no no DT 34823 4364 46 relevance relevance NN 34823 4364 47 to to IN 34823 4364 48 the the DT 34823 4364 49 equation equation NN 34823 4364 50 of of IN 34823 4364 51 exchange exchange NN 34823 4364 52 . . . 34823 4365 1 The the DT 34823 4365 2 wholesale wholesale JJ 34823 4365 3 items item NNS 34823 4365 4 should should MD 34823 4365 5 have have VB 34823 4365 6 a a DT 34823 4365 7 weight weight NN 34823 4365 8 of of IN 34823 4365 9 not not RB 34823 4365 10 more more JJR 34823 4365 11 than than IN 34823 4365 12 one one CD 34823 4365 13 - - HYPH 34823 4365 14 sixth sixth NN 34823 4365 15 of of IN 34823 4365 16 the the DT 34823 4365 17 total total NN 34823 4365 18 for for IN 34823 4365 19 1909 1909 CD 34823 4365 20 . . . 34823 4366 1 Certain certain JJ 34823 4366 2 commodities commodity NNS 34823 4366 3 , , , 34823 4366 4 as as IN 34823 4366 5 wheat wheat NN 34823 4366 6 and and CC 34823 4366 7 cotton cotton NN 34823 4366 8 , , , 34823 4366 9 in in IN 34823 4366 10 which which WDT 34823 4366 11 there there EX 34823 4366 12 is be VBZ 34823 4366 13 heavy heavy JJ 34823 4366 14 speculation speculation NN 34823 4366 15 , , , 34823 4366 16 should should MD 34823 4366 17 be be VB 34823 4366 18 given give VBN 34823 4366 19 great great JJ 34823 4366 20 weight weight NN 34823 4366 21 , , , 34823 4366 22 and and CC 34823 4366 23 securities security NNS 34823 4366 24 should should MD 34823 4366 25 have have VB 34823 4366 26 , , , 34823 4366 27 probably probably RB 34823 4366 28 , , , 34823 4366 29 the the DT 34823 4366 30 greatest great JJS 34823 4366 31 weight weight NN 34823 4366 32 of of IN 34823 4366 33 all all DT 34823 4366 34 . . . 34823 4367 1 If if IN 34823 4367 2 " " `` 34823 4367 3 trade trade NN 34823 4367 4 " " '' 34823 4367 5 is be VBZ 34823 4367 6 to to TO 34823 4367 7 be be VB 34823 4367 8 extended extend VBN 34823 4367 9 to to TO 34823 4367 10 cover cover VB 34823 4367 11 transactions transaction NNS 34823 4367 12 in in IN 34823 4367 13 bills bill NNS 34823 4367 14 of of IN 34823 4367 15 exchange exchange NN 34823 4367 16 and and CC 34823 4367 17 loan loan NN 34823 4367 18 transactions transaction NNS 34823 4367 19 ( ( -LRB- 34823 4367 20 as as IN 34823 4367 21 it -PRON- PRP 34823 4367 22 is be VBZ 34823 4367 23 by by IN 34823 4367 24 Kemmerer),[451 Kemmerer),[451 NNP 34823 4367 25 ] ] -RRB- 34823 4367 26 then then RB 34823 4367 27 P p NN 34823 4367 28 should should MD 34823 4367 29 contain contain VB 34823 4367 30 these these DT 34823 4367 31 things thing NNS 34823 4367 32 , , , 34823 4367 33 weighted weight VBD 34823 4367 34 more more RBR 34823 4367 35 than than IN 34823 4367 36 all all DT 34823 4367 37 else else RB 34823 4367 38 put put VBN 34823 4367 39 together together RB 34823 4367 40 , , , 34823 4367 41 particularly particularly RB 34823 4367 42 if if IN 34823 4367 43 call call JJ 34823 4367 44 loans loan NNS 34823 4367 45 are be VBP 34823 4367 46 included include VBN 34823 4367 47 . . . 34823 4368 1 The the DT 34823 4368 2 weights weight NNS 34823 4368 3 should should MD 34823 4368 4 be be VB 34823 4368 5 radically radically RB 34823 4368 6 altered alter VBN 34823 4368 7 from from IN 34823 4368 8 year year NN 34823 4368 9 to to IN 34823 4368 10 year year NN 34823 4368 11 . . . 34823 4369 1 We -PRON- PRP 34823 4369 2 should should MD 34823 4369 3 then then RB 34823 4369 4 get get VB 34823 4369 5 a a DT 34823 4369 6 P p NN 34823 4369 7 which which WDT 34823 4369 8 would would MD 34823 4369 9 fit fit VB 34823 4369 10 the the DT 34823 4369 11 " " `` 34823 4369 12 equation equation NN 34823 4369 13 of of IN 34823 4369 14 exchange"--though exchange"--though NNP 34823 4369 15 what what WP 34823 4369 16 else else RB 34823 4369 17 it -PRON- PRP 34823 4369 18 would would MD 34823 4369 19 be be VB 34823 4369 20 good good JJ 34823 4369 21 for for IN 34823 4369 22 is be VBZ 34823 4369 23 hard hard JJ 34823 4369 24 to to TO 34823 4369 25 say say VB 34823 4369 26 ! ! . 34823 4370 1 The the DT 34823 4370 2 same same JJ 34823 4370 3 criticism criticism NN 34823 4370 4 applies apply VBZ 34823 4370 5 to to IN 34823 4370 6 Fisher Fisher NNP 34823 4370 7 's 's POS 34823 4370 8 P. P. NNP 34823 4370 9 It -PRON- PRP 34823 4370 10 is be VBZ 34823 4370 11 dominated dominate VBN 34823 4370 12 by by IN 34823 4370 13 wholesale wholesale JJ 34823 4370 14 prices price NNS 34823 4370 15 . . . 34823 4371 1 [ [ -LRB- 34823 4371 2 452 452 CD 34823 4371 3 ] ] -RRB- 34823 4371 4 It -PRON- PRP 34823 4371 5 therefore therefore RB 34823 4371 6 has have VBZ 34823 4371 7 no no DT 34823 4371 8 relevance relevance NN 34823 4371 9 to to IN 34823 4371 10 an an DT 34823 4371 11 equation equation NN 34823 4371 12 of of IN 34823 4371 13 exchange exchange NN 34823 4371 14 in in IN 34823 4371 15 which which WDT 34823 4371 16 only only RB 34823 4371 17 one one CD 34823 4371 18 - - HYPH 34823 4371 19 sixth sixth JJ 34823 4371 20 at at IN 34823 4371 21 the the DT 34823 4371 22 very very RB 34823 4371 23 most most JJS 34823 4371 24 of of IN 34823 4371 25 the the DT 34823 4371 26 items item NNS 34823 4371 27 are be VBP 34823 4371 28 wholesale wholesale JJ 34823 4371 29 items item NNS 34823 4371 30 . . . 34823 4372 1 Neither neither DT 34823 4372 2 Fisher Fisher NNP 34823 4372 3 nor nor CC 34823 4372 4 Kemmerer Kemmerer NNP 34823 4372 5 alter alter VB 34823 4372 6 their -PRON- PRP$ 34823 4372 7 weights weight NNS 34823 4372 8 in in IN 34823 4372 9 P p NN 34823 4372 10 at at RB 34823 4372 11 all all RB 34823 4372 12 , , , 34823 4372 13 to to TO 34823 4372 14 correspond correspond VB 34823 4372 15 to to IN 34823 4372 16 yearly yearly JJ 34823 4372 17 alterations alteration NNS 34823 4372 18 in in IN 34823 4372 19 the the DT 34823 4372 20 composition composition NN 34823 4372 21 of of IN 34823 4372 22 T. T. NNP 34823 4372 23 As as IN 34823 4372 24 _ _ NNP 34823 4372 25 indicia indicia NNP 34823 4372 26 _ _ NNP 34823 4372 27 of of IN 34823 4372 28 changes change NNS 34823 4372 29 in in IN 34823 4372 30 the the DT 34823 4372 31 _ _ NNP 34823 4372 32 absolute absolute JJ 34823 4372 33 value value NN 34823 4372 34 _ _ NNP 34823 4372 35 of of IN 34823 4372 36 money money NN 34823 4372 37 , , , 34823 4372 38 Kemmerer Kemmerer NNP 34823 4372 39 's 's POS 34823 4372 40 and and CC 34823 4372 41 Fisher Fisher NNP 34823 4372 42 's 's POS 34823 4372 43 index index NN 34823 4372 44 numbers number NNS 34823 4372 45 , , , 34823 4372 46 or or CC 34823 4372 47 other other JJ 34823 4372 48 index index NN 34823 4372 49 numbers number NNS 34823 4372 50 of of IN 34823 4372 51 numerous numerous JJ 34823 4372 52 wholesale wholesale JJ 34823 4372 53 prices price NNS 34823 4372 54 , , , 34823 4372 55 with with IN 34823 4372 56 a a DT 34823 4372 57 substantial substantial JJ 34823 4372 58 weighting weighting NN 34823 4372 59 of of IN 34823 4372 60 wages wage NNS 34823 4372 61 , , , 34823 4372 62 are be VBP 34823 4372 63 probably probably RB 34823 4372 64 better well JJR 34823 4372 65 than than IN 34823 4372 66 an an DT 34823 4372 67 index index NN 34823 4372 68 dominated dominate VBN 34823 4372 69 by by IN 34823 4372 70 stocks stock NNS 34823 4372 71 . . . 34823 4373 1 Stocks stock NNS 34823 4373 2 fluctuate fluctuate VBP 34823 4373 3 more more RBR 34823 4373 4 widely widely RB 34823 4373 5 than than IN 34823 4373 6 wholesale wholesale JJ 34823 4373 7 prices price NNS 34823 4373 8 and and CC 34823 4373 9 wages wage NNS 34823 4373 10 , , , 34823 4373 11 their -PRON- PRP$ 34823 4373 12 values value NNS 34823 4373 13 are be VBP 34823 4373 14 more more RBR 34823 4373 15 affected affected JJ 34823 4373 16 by by IN 34823 4373 17 variations variation NNS 34823 4373 18 in in IN 34823 4373 19 business business NN 34823 4373 20 confidence confidence NN 34823 4373 21 , , , 34823 4373 22 and and CC 34823 4373 23 by by IN 34823 4373 24 variations variation NNS 34823 4373 25 in in IN 34823 4373 26 the the DT 34823 4373 27 rate rate NN 34823 4373 28 of of IN 34823 4373 29 interest interest NN 34823 4373 30 . . . 34823 4374 1 For for IN 34823 4374 2 measuring measure VBG 34823 4374 3 _ _ NNP 34823 4374 4 the the DT 34823 4374 5 value value NN 34823 4374 6 of of IN 34823 4374 7 money money NN 34823 4374 8 _ _ NNP 34823 4374 9 , , , 34823 4374 10 the the DT 34823 4374 11 index index NN 34823 4374 12 numbers number NNS 34823 4374 13 here here RB 34823 4374 14 criticised criticise VBN 34823 4374 15 are be VBP 34823 4374 16 very very RB 34823 4374 17 good good JJ 34823 4374 18 . . . 34823 4375 1 But but CC 34823 4375 2 for for IN 34823 4375 3 the the DT 34823 4375 4 purpose purpose NN 34823 4375 5 for for IN 34823 4375 6 which which WDT 34823 4375 7 they -PRON- PRP 34823 4375 8 are be VBP 34823 4375 9 chosen choose VBN 34823 4375 10 , , , 34823 4375 11 namely namely RB 34823 4375 12 , , , 34823 4375 13 to to TO 34823 4375 14 fill fill VB 34823 4375 15 the the DT 34823 4375 16 equation equation NN 34823 4375 17 of of IN 34823 4375 18 exchange exchange NN 34823 4375 19 , , , 34823 4375 20 and and CC 34823 4375 21 to to TO 34823 4375 22 measure measure VB 34823 4375 23 variations variation NNS 34823 4375 24 in in IN 34823 4375 25 a a DT 34823 4375 26 _ _ NNP 34823 4375 27 price price NN 34823 4375 28 - - HYPH 34823 4375 29 level level NN 34823 4375 30 _ _ NN 34823 4375 31 of of IN 34823 4375 32 the the DT 34823 4375 33 sort sort NN 34823 4375 34 the the DT 34823 4375 35 quantity quantity NN 34823 4375 36 theory theory NN 34823 4375 37 and and CC 34823 4375 38 the the DT 34823 4375 39 equation equation NN 34823 4375 40 of of IN 34823 4375 41 exchange exchange NN 34823 4375 42 are be VBP 34823 4375 43 concerned concern VBN 34823 4375 44 with with IN 34823 4375 45 , , , 34823 4375 46 they -PRON- PRP 34823 4375 47 are be VBP 34823 4375 48 simply simply RB 34823 4375 49 irrelevant irrelevant JJ 34823 4375 50 . . . 34823 4376 1 If if IN 34823 4376 2 it -PRON- PRP 34823 4376 3 were be VBD 34823 4376 4 really really RB 34823 4376 5 true true JJ 34823 4376 6 that that IN 34823 4376 7 such such PDT 34823 4376 8 an an DT 34823 4376 9 index index NN 34823 4376 10 number number NN 34823 4376 11 varied vary VBN 34823 4376 12 with with IN 34823 4376 13 the the DT 34823 4376 14 quantity quantity NN 34823 4376 15 of of IN 34823 4376 16 money money NN 34823 4376 17 , , , 34823 4376 18 then then RB 34823 4376 19 the the DT 34823 4376 20 quantity quantity NN 34823 4376 21 theory theory NN 34823 4376 22 would would MD 34823 4376 23 be be VB 34823 4376 24 effectively effectively RB 34823 4376 25 disproved disprove VBN 34823 4376 26 ! ! . 34823 4377 1 Now now RB 34823 4377 2 , , , 34823 4377 3 in in IN 34823 4377 4 general general JJ 34823 4377 5 summary summary NN 34823 4377 6 of of IN 34823 4377 7 our -PRON- PRP$ 34823 4377 8 criticisms criticism NNS 34823 4377 9 of of IN 34823 4377 10 the the DT 34823 4377 11 figures figure NNS 34823 4377 12 of of IN 34823 4377 13 Kemmerer Kemmerer NNP 34823 4377 14 and and CC 34823 4377 15 Fisher Fisher NNP 34823 4377 16 : : : 34823 4377 17 they -PRON- PRP 34823 4377 18 have have VBP 34823 4377 19 systematically systematically RB 34823 4377 20 buried bury VBN 34823 4377 21 New New NNP 34823 4377 22 York York NNP 34823 4377 23 City City NNP 34823 4377 24 , , , 34823 4377 25 and and CC 34823 4377 26 systematically systematically RB 34823 4377 27 covered cover VBN 34823 4377 28 up up RP 34823 4377 29 speculation speculation NN 34823 4377 30 . . . 34823 4378 1 All all PDT 34823 4378 2 the the DT 34823 4378 3 errors error NNS 34823 4378 4 converge converge VBP 34823 4378 5 in in IN 34823 4378 6 this this DT 34823 4378 7 direction direction NN 34823 4378 8 . . . 34823 4379 1 The the DT 34823 4379 2 _ _ NNP 34823 4379 3 indicia indicia NNP 34823 4379 4 _ _ NNP 34823 4379 5 of of IN 34823 4379 6 trade trade NN 34823 4379 7 cover cover VBP 34823 4379 8 up up RP 34823 4379 9 speculation speculation NN 34823 4379 10 and and CC 34823 4379 11 the the DT 34823 4379 12 other other JJ 34823 4379 13 things thing NNS 34823 4379 14 that that WDT 34823 4379 15 go go VBP 34823 4379 16 on on RP 34823 4379 17 in in IN 34823 4379 18 New New NNP 34823 4379 19 York York NNP 34823 4379 20 , , , 34823 4379 21 and and CC 34823 4379 22 other other JJ 34823 4379 23 financial financial JJ 34823 4379 24 centers center NNS 34823 4379 25 . . . 34823 4380 1 The the DT 34823 4380 2 _ _ NNP 34823 4380 3 indicia indicia NNP 34823 4380 4 _ _ NNP 34823 4380 5 of of IN 34823 4380 6 prices price NNS 34823 4380 7 do do VBP 34823 4380 8 likewise likewise RB 34823 4380 9 . . . 34823 4381 1 Fisher Fisher NNP 34823 4381 2 weights weight VBZ 34823 4381 3 New New NNP 34823 4381 4 York York NNP 34823 4381 5 clearings clearing NNS 34823 4381 6 only only RB 34823 4381 7 1 1 CD 34823 4381 8 , , , 34823 4381 9 while while IN 34823 4381 10 weighting weight VBG 34823 4381 11 country country NN 34823 4381 12 clearings clearing NNS 34823 4381 13 5 5 CD 34823 4381 14 , , , 34823 4381 15 in in IN 34823 4381 16 his -PRON- PRP$ 34823 4381 17 index index NN 34823 4381 18 of of IN 34823 4381 19 variation variation NN 34823 4381 20 of of IN 34823 4381 21 check check NN 34823 4381 22 transactions transaction NNS 34823 4381 23 . . . 34823 4382 1 He -PRON- PRP 34823 4382 2 also also RB 34823 4382 3 counts count VBZ 34823 4382 4 New New NNP 34823 4382 5 York York NNP 34823 4382 6 returns return NNS 34823 4382 7 for for IN 34823 4382 8 March March NNP 34823 4382 9 16 16 CD 34823 4382 10 , , , 34823 4382 11 1909 1909 CD 34823 4382 12 , , , 34823 4382 13 as as IN 34823 4382 14 complete complete JJ 34823 4382 15 , , , 34823 4382 16 and and CC 34823 4382 17 gives give VBZ 34823 4382 18 all all DT 34823 4382 19 of of IN 34823 4382 20 his -PRON- PRP$ 34823 4382 21 estimate estimate NN 34823 4382 22 for for IN 34823 4382 23 non non JJ 34823 4382 24 - - JJ 34823 4382 25 reporting reporting JJ 34823 4382 26 banks bank NNS 34823 4382 27 to to IN 34823 4382 28 the the DT 34823 4382 29 country country NN 34823 4382 30 . . . 34823 4383 1 Kemmerer Kemmerer NNP 34823 4383 2 does do VBZ 34823 4383 3 not not RB 34823 4383 4 do do VB 34823 4383 5 this this DT 34823 4383 6 , , , 34823 4383 7 but but CC 34823 4383 8 he -PRON- PRP 34823 4383 9 does do VBZ 34823 4383 10 exaggerate exaggerate VB 34823 4383 11 the the DT 34823 4383 12 importance importance NN 34823 4383 13 of of IN 34823 4383 14 money money NN 34823 4383 15 , , , 34823 4383 16 as as IN 34823 4383 17 compared compare VBN 34823 4383 18 with with IN 34823 4383 19 checks check NNS 34823 4383 20 , , , 34823 4383 21 and and CC 34823 4383 22 does do VBZ 34823 4383 23 not not RB 34823 4383 24 allow allow VB 34823 4383 25 the the DT 34823 4383 26 velocity velocity NN 34823 4383 27 of of IN 34823 4383 28 money money NN 34823 4383 29 to to TO 34823 4383 30 vary vary VB 34823 4383 31 at at RB 34823 4383 32 all all RB 34823 4383 33 in in IN 34823 4383 34 his -PRON- PRP$ 34823 4383 35 figures figure NNS 34823 4383 36 , , , 34823 4383 37 thus thus RB 34823 4383 38 getting get VBG 34823 4383 39 a a DT 34823 4383 40 much much RB 34823 4383 41 greater great JJR 34823 4383 42 constancy constancy NN 34823 4383 43 in in IN 34823 4383 44 the the DT 34823 4383 45 figure figure NN 34823 4383 46 for for IN 34823 4383 47 total total JJ 34823 4383 48 circulation circulation NN 34823 4383 49 of of IN 34823 4383 50 money money NN 34823 4383 51 and and CC 34823 4383 52 checks check NNS 34823 4383 53 than than IN 34823 4383 54 is be VBZ 34823 4383 55 proper proper JJ 34823 4383 56 , , , 34823 4383 57 and and CC 34823 4383 58 covering cover VBG 34823 4383 59 up up RP 34823 4383 60 the the DT 34823 4383 61 flexibility flexibility NN 34823 4383 62 and and CC 34823 4383 63 variability variability NN 34823 4383 64 which which WDT 34823 4383 65 New New NNP 34823 4383 66 York York NNP 34823 4383 67 gives give VBZ 34823 4383 68 to to IN 34823 4383 69 our -PRON- PRP$ 34823 4383 70 system system NN 34823 4383 71 . . . 34823 4384 1 [ [ -LRB- 34823 4384 2 453 453 CD 34823 4384 3 ] ] -RRB- 34823 4384 4 In in IN 34823 4384 5 general general JJ 34823 4384 6 , , , 34823 4384 7 our -PRON- PRP$ 34823 4384 8 task task NN 34823 4384 9 in in IN 34823 4384 10 this this DT 34823 4384 11 chapter chapter NN 34823 4384 12 has have VBZ 34823 4384 13 been be VBN 34823 4384 14 an an DT 34823 4384 15 archæological archæological JJ 34823 4384 16 excavation excavation NN 34823 4384 17 -- -- : 34823 4384 18 we -PRON- PRP 34823 4384 19 have have VBP 34823 4384 20 rediscovered rediscover VBN 34823 4384 21 a a DT 34823 4384 22 buried bury VBN 34823 4384 23 city city NN 34823 4384 24 . . . 34823 4385 1 PART PART NNP 34823 4385 2 III iii CD 34823 4385 3 . . . 34823 4386 1 THE the DT 34823 4386 2 VALUE value NN 34823 4386 3 OF of IN 34823 4386 4 MONEY MONEY NNP 34823 4386 5 CHAPTER CHAPTER NNP 34823 4386 6 XX XX NNP 34823 4386 7 RECAPITULATION recapitulation NN 34823 4386 8 OF of IN 34823 4386 9 POSITIVE positive NN 34823 4386 10 DOCTRINE DOCTRINE NNS 34823 4386 11 The the DT 34823 4386 12 chapters chapter NNS 34823 4386 13 which which WDT 34823 4386 14 have have VBP 34823 4386 15 gone go VBN 34823 4386 16 before before RB 34823 4386 17 have have VBP 34823 4386 18 been be VBN 34823 4386 19 , , , 34823 4386 20 in in IN 34823 4386 21 considerable considerable JJ 34823 4386 22 degree degree NN 34823 4386 23 , , , 34823 4386 24 concerned concern VBN 34823 4386 25 with with IN 34823 4386 26 the the DT 34823 4386 27 analysis analysis NN 34823 4386 28 of of IN 34823 4386 29 unsuccessful unsuccessful JJ 34823 4386 30 efforts effort NNS 34823 4386 31 to to TO 34823 4386 32 solve solve VB 34823 4386 33 the the DT 34823 4386 34 problem problem NN 34823 4386 35 of of IN 34823 4386 36 the the DT 34823 4386 37 value value NN 34823 4386 38 of of IN 34823 4386 39 money money NN 34823 4386 40 , , , 34823 4386 41 as as IN 34823 4386 42 the the DT 34823 4386 43 quantity quantity NN 34823 4386 44 theory theory NN 34823 4386 45 , , , 34823 4386 46 or or CC 34823 4386 47 the the DT 34823 4386 48 attempts attempt NNS 34823 4386 49 to to TO 34823 4386 50 apply apply VB 34823 4386 51 the the DT 34823 4386 52 notions notion NNS 34823 4386 53 of of IN 34823 4386 54 supply supply NN 34823 4386 55 and and CC 34823 4386 56 demand demand NN 34823 4386 57 , , , 34823 4386 58 marginal marginal JJ 34823 4386 59 utility utility NN 34823 4386 60 , , , 34823 4386 61 and and CC 34823 4386 62 cost cost NN 34823 4386 63 of of IN 34823 4386 64 production production NN 34823 4386 65 , , , 34823 4386 66 to to IN 34823 4386 67 the the DT 34823 4386 68 problem problem NN 34823 4386 69 . . . 34823 4387 1 Not not RB 34823 4387 2 all all DT 34823 4387 3 that that WDT 34823 4387 4 has have VBZ 34823 4387 5 gone go VBN 34823 4387 6 before before RB 34823 4387 7 has have VBZ 34823 4387 8 been be VBN 34823 4387 9 , , , 34823 4387 10 even even RB 34823 4387 11 in in IN 34823 4387 12 form form NN 34823 4387 13 , , , 34823 4387 14 primarily primarily RB 34823 4387 15 critical critical JJ 34823 4387 16 . . . 34823 4388 1 The the DT 34823 4388 2 chapter chapter NN 34823 4388 3 on on IN 34823 4388 4 " " `` 34823 4388 5 Economic Economic NNP 34823 4388 6 Value Value NNP 34823 4388 7 " " '' 34823 4388 8 lays lay VBZ 34823 4388 9 the the DT 34823 4388 10 foundation foundation NN 34823 4388 11 for for IN 34823 4388 12 the the DT 34823 4388 13 main main JJ 34823 4388 14 constructive constructive JJ 34823 4388 15 theory theory NN 34823 4388 16 of of IN 34823 4388 17 the the DT 34823 4388 18 book book NN 34823 4388 19 , , , 34823 4388 20 and and CC 34823 4388 21 in in IN 34823 4388 22 virtually virtually RB 34823 4388 23 every every DT 34823 4388 24 chapter chapter NN 34823 4388 25 some some DT 34823 4388 26 portion portion NN 34823 4388 27 of of IN 34823 4388 28 our -PRON- PRP$ 34823 4388 29 positive positive JJ 34823 4388 30 doctrine doctrine NN 34823 4388 31 has have VBZ 34823 4388 32 been be VBN 34823 4388 33 developed develop VBN 34823 4388 34 . . . 34823 4389 1 In in IN 34823 4389 2 the the DT 34823 4389 3 doctrines doctrine NNS 34823 4389 4 criticised criticise VBN 34823 4389 5 , , , 34823 4389 6 elements element NNS 34823 4389 7 of of IN 34823 4389 8 truth truth NN 34823 4389 9 have have VBP 34823 4389 10 been be VBN 34823 4389 11 noted note VBN 34823 4389 12 , , , 34823 4389 13 and and CC 34823 4389 14 in in IN 34823 4389 15 showing show VBG 34823 4389 16 the the DT 34823 4389 17 errors error NNS 34823 4389 18 of of IN 34823 4389 19 the the DT 34823 4389 20 doctrines doctrine NNS 34823 4389 21 considered consider VBN 34823 4389 22 , , , 34823 4389 23 constructive constructive JJ 34823 4389 24 doctrine doctrine NN 34823 4389 25 has have VBZ 34823 4389 26 been be VBN 34823 4389 27 presented present VBN 34823 4389 28 by by IN 34823 4389 29 way way NN 34823 4389 30 of of IN 34823 4389 31 contrast contrast NN 34823 4389 32 . . . 34823 4390 1 The the DT 34823 4390 2 theories theory NNS 34823 4390 3 criticised criticise VBD 34823 4390 4 , , , 34823 4390 5 moreover moreover RB 34823 4390 6 , , , 34823 4390 7 even even RB 34823 4390 8 where where WRB 34823 4390 9 they -PRON- PRP 34823 4390 10 have have VBP 34823 4390 11 gone go VBN 34823 4390 12 astray astray RB 34823 4390 13 in in IN 34823 4390 14 solving solve VBG 34823 4390 15 problems problem NNS 34823 4390 16 , , , 34823 4390 17 have have VBP 34823 4390 18 at at IN 34823 4390 19 least least JJS 34823 4390 20 the the DT 34823 4390 21 merit merit NN 34823 4390 22 of of IN 34823 4390 23 _ _ NNP 34823 4390 24 stating state VBG 34823 4390 25 _ _ NNP 34823 4390 26 problems problem NNS 34823 4390 27 , , , 34823 4390 28 and and CC 34823 4390 29 so so RB 34823 4390 30 have have VBP 34823 4390 31 aided aid VBN 34823 4390 32 in in IN 34823 4390 33 clearing clear VBG 34823 4390 34 the the DT 34823 4390 35 way way NN 34823 4390 36 for for IN 34823 4390 37 theories theory NNS 34823 4390 38 better well RBR 34823 4390 39 based base VBN 34823 4390 40 . . . 34823 4391 1 It -PRON- PRP 34823 4391 2 is be VBZ 34823 4391 3 the the DT 34823 4391 4 task task NN 34823 4391 5 of of IN 34823 4391 6 the the DT 34823 4391 7 present present JJ 34823 4391 8 chapter chapter NN 34823 4391 9 to to TO 34823 4391 10 present present VB 34823 4391 11 , , , 34823 4391 12 in in IN 34823 4391 13 a a DT 34823 4391 14 series series NN 34823 4391 15 of of IN 34823 4391 16 these these DT 34823 4391 17 s s NNS 34823 4391 18 , , , 34823 4391 19 the the DT 34823 4391 20 main main JJ 34823 4391 21 constructive constructive JJ 34823 4391 22 results result NNS 34823 4391 23 so so RB 34823 4391 24 far far RB 34823 4391 25 attained attained JJ 34823 4391 26 . . . 34823 4392 1 No no DT 34823 4392 2 effort effort NN 34823 4392 3 will will MD 34823 4392 4 be be VB 34823 4392 5 made make VBN 34823 4392 6 to to TO 34823 4392 7 follow follow VB 34823 4392 8 the the DT 34823 4392 9 order order NN 34823 4392 10 of of IN 34823 4392 11 the the DT 34823 4392 12 exposition exposition NN 34823 4392 13 which which WDT 34823 4392 14 has have VBZ 34823 4392 15 preceded precede VBN 34823 4392 16 . . . 34823 4393 1 A a DT 34823 4393 2 summary summary NN 34823 4393 3 of of IN 34823 4393 4 that that DT 34823 4393 5 will will MD 34823 4393 6 be be VB 34823 4393 7 found find VBN 34823 4393 8 in in IN 34823 4393 9 the the DT 34823 4393 10 detailed detailed JJ 34823 4393 11 analytical analytical JJ 34823 4393 12 table table NN 34823 4393 13 of of IN 34823 4393 14 contents content NNS 34823 4393 15 . . . 34823 4394 1 Rather rather RB 34823 4394 2 , , , 34823 4394 3 we -PRON- PRP 34823 4394 4 shall shall MD 34823 4394 5 seek seek VB 34823 4394 6 to to TO 34823 4394 7 draw draw VB 34823 4394 8 from from IN 34823 4394 9 what what WP 34823 4394 10 has have VBZ 34823 4394 11 preceded precede VBN 34823 4394 12 the the DT 34823 4394 13 positive positive JJ 34823 4394 14 doctrine doctrine NN 34823 4394 15 which which WDT 34823 4394 16 is be VBZ 34823 4394 17 scattered scatter VBN 34823 4394 18 through through IN 34823 4394 19 the the DT 34823 4394 20 preceding precede VBG 34823 4394 21 chapters chapter NNS 34823 4394 22 , , , 34823 4394 23 and and CC 34823 4394 24 to to TO 34823 4394 25 present present VB 34823 4394 26 it -PRON- PRP 34823 4394 27 by by IN 34823 4394 28 itself -PRON- PRP 34823 4394 29 , , , 34823 4394 30 as as IN 34823 4394 31 a a DT 34823 4394 32 basis basis NN 34823 4394 33 for for IN 34823 4394 34 the the DT 34823 4394 35 more more RBR 34823 4394 36 systematic systematic JJ 34823 4394 37 formulation formulation NN 34823 4394 38 of of IN 34823 4394 39 constructive constructive JJ 34823 4394 40 theory theory NN 34823 4394 41 which which WDT 34823 4394 42 the the DT 34823 4394 43 following follow VBG 34823 4394 44 chapters chapter NNS 34823 4394 45 are be VBP 34823 4394 46 to to TO 34823 4394 47 contain contain VB 34823 4394 48 . . . 34823 4395 1 1 1 LS 34823 4395 2 . . . 34823 4396 1 The the DT 34823 4396 2 theory theory NN 34823 4396 3 of of IN 34823 4396 4 the the DT 34823 4396 5 value value NN 34823 4396 6 of of IN 34823 4396 7 money money NN 34823 4396 8 is be VBZ 34823 4396 9 a a DT 34823 4396 10 special special JJ 34823 4396 11 case case NN 34823 4396 12 of of IN 34823 4396 13 the the DT 34823 4396 14 general general JJ 34823 4396 15 theory theory NN 34823 4396 16 of of IN 34823 4396 17 value value NN 34823 4396 18 . . . 34823 4397 1 2 2 LS 34823 4397 2 . . . 34823 4398 1 Value value NN 34823 4398 2 is be VBZ 34823 4398 3 a a DT 34823 4398 4 phenomenon phenomenon NN 34823 4398 5 of of IN 34823 4398 6 psychological psychological JJ 34823 4398 7 nature nature NN 34823 4398 8 . . . 34823 4399 1 Not not RB 34823 4399 2 physical physical JJ 34823 4399 3 quantities quantity NNS 34823 4399 4 , , , 34823 4399 5 but but CC 34823 4399 6 psychological psychological JJ 34823 4399 7 significances significance NNS 34823 4399 8 , , , 34823 4399 9 are be VBP 34823 4399 10 relevant relevant JJ 34823 4399 11 when when WRB 34823 4399 12 the the DT 34823 4399 13 problem problem NN 34823 4399 14 of of IN 34823 4399 15 value value NN 34823 4399 16 and and CC 34823 4399 17 price price NN 34823 4399 18 causation causation NN 34823 4399 19 is be VBZ 34823 4399 20 involved involve VBN 34823 4399 21 . . . 34823 4400 1 3 3 LS 34823 4400 2 . . . 34823 4401 1 Value value NN 34823 4401 2 is be VBZ 34823 4401 3 not not RB 34823 4401 4 a a DT 34823 4401 5 ratio ratio NN 34823 4401 6 of of IN 34823 4401 7 exchange exchange NN 34823 4401 8 , , , 34823 4401 9 or or CC 34823 4401 10 " " `` 34823 4401 11 purchasing purchase VBG 34823 4401 12 power power NN 34823 4401 13 , , , 34823 4401 14 " " '' 34823 4401 15 but but CC 34823 4401 16 is be VBZ 34823 4401 17 an an DT 34823 4401 18 absolute absolute JJ 34823 4401 19 quantity quantity NN 34823 4401 20 , , , 34823 4401 21 prior prior RB 34823 4401 22 to to IN 34823 4401 23 exchange exchange NN 34823 4401 24 . . . 34823 4402 1 It -PRON- PRP 34823 4402 2 is be VBZ 34823 4402 3 the the DT 34823 4402 4 fundamental fundamental JJ 34823 4402 5 and and CC 34823 4402 6 essential essential JJ 34823 4402 7 attribute attribute NN 34823 4402 8 or or CC 34823 4402 9 quality quality NN 34823 4402 10 of of IN 34823 4402 11 wealth wealth NN 34823 4402 12 , , , 34823 4402 13 the the DT 34823 4402 14 common common JJ 34823 4402 15 or or CC 34823 4402 16 homogeneous homogeneous JJ 34823 4402 17 element element NN 34823 4402 18 present present NN 34823 4402 19 amidst amidst IN 34823 4402 20 the the DT 34823 4402 21 diversities diversity NNS 34823 4402 22 of of IN 34823 4402 23 the the DT 34823 4402 24 physical physical JJ 34823 4402 25 forms form NNS 34823 4402 26 of of IN 34823 4402 27 wealth wealth NN 34823 4402 28 , , , 34823 4402 29 by by IN 34823 4402 30 virtue virtue NN 34823 4402 31 of of IN 34823 4402 32 which which WDT 34823 4402 33 comparisons comparison NNS 34823 4402 34 may may MD 34823 4402 35 be be VB 34823 4402 36 instituted institute VBN 34823 4402 37 among among IN 34823 4402 38 different different JJ 34823 4402 39 kinds kind NNS 34823 4402 40 of of IN 34823 4402 41 wealth wealth NN 34823 4402 42 , , , 34823 4402 43 and and CC 34823 4402 44 different different JJ 34823 4402 45 items item NNS 34823 4402 46 of of IN 34823 4402 47 wealth wealth NN 34823 4402 48 may may MD 34823 4402 49 be be VB 34823 4402 50 added add VBN 34823 4402 51 to to TO 34823 4402 52 make make VB 34823 4402 53 a a DT 34823 4402 54 sum sum NN 34823 4402 55 , , , 34823 4402 56 put put VBN 34823 4402 57 into into IN 34823 4402 58 ratios ratio NNS 34823 4402 59 of of IN 34823 4402 60 exchange exchange NN 34823 4402 61 , , , 34823 4402 62 and and CC 34823 4402 63 so so RB 34823 4402 64 on on RB 34823 4402 65 . . . 34823 4403 1 4 4 LS 34823 4403 2 . . . 34823 4404 1 Economic economic JJ 34823 4404 2 value value NN 34823 4404 3 is be VBZ 34823 4404 4 a a DT 34823 4404 5 _ _ NNP 34823 4404 6 species species NN 34823 4404 7 _ _ NNP 34823 4404 8 of of IN 34823 4404 9 the the DT 34823 4404 10 _ _ NNP 34823 4404 11 genus genus NNP 34823 4404 12 _ _ NNP 34823 4404 13 , , , 34823 4404 14 _ _ NNP 34823 4404 15 social social JJ 34823 4404 16 value value NN 34823 4404 17 _ _ NNP 34823 4404 18 , , , 34823 4404 19 coördinate coördinate NN 34823 4404 20 with with IN 34823 4404 21 legal legal JJ 34823 4404 22 value value NN 34823 4404 23 , , , 34823 4404 24 and and CC 34823 4404 25 moral moral JJ 34823 4404 26 value value NN 34823 4404 27 . . . 34823 4405 1 It -PRON- PRP 34823 4405 2 is be VBZ 34823 4405 3 part part NN 34823 4405 4 of of IN 34823 4405 5 a a DT 34823 4405 6 system system NN 34823 4405 7 of of IN 34823 4405 8 social social JJ 34823 4405 9 motivation motivation NN 34823 4405 10 and and CC 34823 4405 11 control control NN 34823 4405 12 . . . 34823 4406 1 [ [ -LRB- 34823 4406 2 454 454 CD 34823 4406 3 ] ] -RRB- 34823 4406 4 Psychological psychological JJ 34823 4406 5 in in IN 34823 4406 6 character character NN 34823 4406 7 , , , 34823 4406 8 it -PRON- PRP 34823 4406 9 none none NN 34823 4406 10 the the DT 34823 4406 11 less less JJR 34823 4406 12 presents present NNS 34823 4406 13 itself -PRON- PRP 34823 4406 14 to to IN 34823 4406 15 an an DT 34823 4406 16 individual individual NN 34823 4406 17 as as IN 34823 4406 18 an an DT 34823 4406 19 objective objective JJ 34823 4406 20 , , , 34823 4406 21 external external JJ 34823 4406 22 force force NN 34823 4406 23 , , , 34823 4406 24 to to TO 34823 4406 25 which which WDT 34823 4406 26 he -PRON- PRP 34823 4406 27 must must MD 34823 4406 28 adapt adapt VB 34823 4406 29 himself -PRON- PRP 34823 4406 30 . . . 34823 4407 1 5 5 CD 34823 4407 2 . . . 34823 4408 1 Individual individual JJ 34823 4408 2 prices price NNS 34823 4408 3 have have VBP 34823 4408 4 two two CD 34823 4408 5 coöperating coöperating NN 34823 4408 6 causes cause NNS 34823 4408 7 : : : 34823 4408 8 ( ( -LRB- 34823 4408 9 a a LS 34823 4408 10 ) ) -RRB- 34823 4408 11 the the DT 34823 4408 12 social social JJ 34823 4408 13 economic economic JJ 34823 4408 14 value value NN 34823 4408 15 of of IN 34823 4408 16 the the DT 34823 4408 17 money money NN 34823 4408 18 - - HYPH 34823 4408 19 unit unit NN 34823 4408 20 , , , 34823 4408 21 and and CC 34823 4408 22 ( ( -LRB- 34823 4408 23 b b LS 34823 4408 24 ) ) -RRB- 34823 4408 25 the the DT 34823 4408 26 social social JJ 34823 4408 27 economic economic JJ 34823 4408 28 value value NN 34823 4408 29 of of IN 34823 4408 30 the the DT 34823 4408 31 unit unit NN 34823 4408 32 of of IN 34823 4408 33 the the DT 34823 4408 34 good good NN 34823 4408 35 in in IN 34823 4408 36 question question NN 34823 4408 37 . . . 34823 4409 1 6 6 CD 34823 4409 2 . . . 34823 4410 1 The the DT 34823 4410 2 average average NN 34823 4410 3 of of IN 34823 4410 4 prices price NNS 34823 4410 5 , , , 34823 4410 6 or or CC 34823 4410 7 the the DT 34823 4410 8 " " `` 34823 4410 9 price price NN 34823 4410 10 - - HYPH 34823 4410 11 level level NN 34823 4410 12 , , , 34823 4410 13 " " '' 34823 4410 14 is be VBZ 34823 4410 15 a a DT 34823 4410 16 mere mere JJ 34823 4410 17 mathematical mathematical JJ 34823 4410 18 summary summary NN 34823 4410 19 of of IN 34823 4410 20 the the DT 34823 4410 21 particular particular JJ 34823 4410 22 prices price NNS 34823 4410 23 . . . 34823 4411 1 The the DT 34823 4411 2 causation causation NN 34823 4411 3 involved involve VBN 34823 4411 4 in in IN 34823 4411 5 the the DT 34823 4411 6 average average NN 34823 4411 7 of of IN 34823 4411 8 prices price NNS 34823 4411 9 is be VBZ 34823 4411 10 nothing nothing NN 34823 4411 11 more more JJR 34823 4411 12 than than IN 34823 4411 13 the the DT 34823 4411 14 causation causation NN 34823 4411 15 involved involve VBN 34823 4411 16 in in IN 34823 4411 17 the the DT 34823 4411 18 particular particular JJ 34823 4411 19 prices price NNS 34823 4411 20 . . . 34823 4412 1 7 7 LS 34823 4412 2 . . . 34823 4413 1 The the DT 34823 4413 2 value value NN 34823 4413 3 of of IN 34823 4413 4 money money NN 34823 4413 5 is be VBZ 34823 4413 6 to to TO 34823 4413 7 be be VB 34823 4413 8 distinguished distinguish VBN 34823 4413 9 from from IN 34823 4413 10 the the DT 34823 4413 11 " " `` 34823 4413 12 reciprocal reciprocal JJ 34823 4413 13 of of IN 34823 4413 14 the the DT 34823 4413 15 price price NN 34823 4413 16 - - HYPH 34823 4413 17 level level NN 34823 4413 18 , , , 34823 4413 19 " " '' 34823 4413 20 or or CC 34823 4413 21 the the DT 34823 4413 22 " " `` 34823 4413 23 purchasing purchasing NN 34823 4413 24 power power NN 34823 4413 25 of of IN 34823 4413 26 money money NN 34823 4413 27 . . . 34823 4413 28 " " '' 34823 4414 1 The the DT 34823 4414 2 value value NN 34823 4414 3 of of IN 34823 4414 4 money money NN 34823 4414 5 is be VBZ 34823 4414 6 an an DT 34823 4414 7 absolute absolute JJ 34823 4414 8 quantity quantity NN 34823 4414 9 , , , 34823 4414 10 one one CD 34823 4414 11 of of IN 34823 4414 12 the the DT 34823 4414 13 factors factor NNS 34823 4414 14 , , , 34823 4414 15 determining determine VBG 34823 4414 16 each each DT 34823 4414 17 particular particular JJ 34823 4414 18 price price NN 34823 4414 19 . . . 34823 4415 1 Particular particular JJ 34823 4415 2 prices price NNS 34823 4415 3 and and CC 34823 4415 4 general general JJ 34823 4415 5 prices price NNS 34823 4415 6 may may MD 34823 4415 7 change change VB 34823 4415 8 because because IN 34823 4415 9 of of IN 34823 4415 10 changes change NNS 34823 4415 11 in in IN 34823 4415 12 the the DT 34823 4415 13 values value NNS 34823 4415 14 of of IN 34823 4415 15 goods good NNS 34823 4415 16 , , , 34823 4415 17 with with IN 34823 4415 18 no no DT 34823 4415 19 change change NN 34823 4415 20 in in IN 34823 4415 21 the the DT 34823 4415 22 value value NN 34823 4415 23 of of IN 34823 4415 24 money money NN 34823 4415 25 . . . 34823 4416 1 Or or CC 34823 4416 2 , , , 34823 4416 3 particular particular JJ 34823 4416 4 prices price NNS 34823 4416 5 and and CC 34823 4416 6 general general JJ 34823 4416 7 prices price NNS 34823 4416 8 may may MD 34823 4416 9 change change VB 34823 4416 10 because because IN 34823 4416 11 of of IN 34823 4416 12 changes change NNS 34823 4416 13 in in IN 34823 4416 14 the the DT 34823 4416 15 value value NN 34823 4416 16 of of IN 34823 4416 17 money money NN 34823 4416 18 , , , 34823 4416 19 with with IN 34823 4416 20 goods good NNS 34823 4416 21 remaining remain VBG 34823 4416 22 constant constant JJ 34823 4416 23 in in IN 34823 4416 24 value value NN 34823 4416 25 . . . 34823 4417 1 8 8 LS 34823 4417 2 . . . 34823 4418 1 The the DT 34823 4418 2 absolute absolute JJ 34823 4418 3 value value NN 34823 4418 4 of of IN 34823 4418 5 money money NN 34823 4418 6 , , , 34823 4418 7 assumed assume VBN 34823 4418 8 constant constant JJ 34823 4418 9 , , , 34823 4418 10 is be VBZ 34823 4418 11 presupposed presuppose VBN 34823 4418 12 by by IN 34823 4418 13 the the DT 34823 4418 14 great great JJ 34823 4418 15 body body NN 34823 4418 16 of of IN 34823 4418 17 present present JJ 34823 4418 18 day day NN 34823 4418 19 price price NN 34823 4418 20 theory theory NN 34823 4418 21 , , , 34823 4418 22 as as IN 34823 4418 23 supply supply NN 34823 4418 24 and and CC 34823 4418 25 demand demand NN 34823 4418 26 , , , 34823 4418 27 cost cost NN 34823 4418 28 of of IN 34823 4418 29 production production NN 34823 4418 30 , , , 34823 4418 31 and and CC 34823 4418 32 the the DT 34823 4418 33 capitalization capitalization NN 34823 4418 34 theory theory NN 34823 4418 35 . . . 34823 4419 1 These these DT 34823 4419 2 theories theory NNS 34823 4419 3 are be VBP 34823 4419 4 , , , 34823 4419 5 therefore therefore RB 34823 4419 6 , , , 34823 4419 7 inapplicable inapplicable JJ 34823 4419 8 to to IN 34823 4419 9 the the DT 34823 4419 10 problem problem NN 34823 4419 11 of of IN 34823 4419 12 the the DT 34823 4419 13 value value NN 34823 4419 14 of of IN 34823 4419 15 money money NN 34823 4419 16 . . . 34823 4420 1 9 9 CD 34823 4420 2 . . . 34823 4421 1 But but CC 34823 4421 2 supply supply NN 34823 4421 3 and and CC 34823 4421 4 demand demand NN 34823 4421 5 , , , 34823 4421 6 cost cost NN 34823 4421 7 of of IN 34823 4421 8 production production NN 34823 4421 9 , , , 34823 4421 10 the the DT 34823 4421 11 capitalization capitalization NN 34823 4421 12 theory theory NN 34823 4421 13 , , , 34823 4421 14 and and CC 34823 4421 15 other other JJ 34823 4421 16 laws law NNS 34823 4421 17 concerned concern VBN 34823 4421 18 with with IN 34823 4421 19 the the DT 34823 4421 20 concatenation concatenation NN 34823 4421 21 and and CC 34823 4421 22 interrelations interrelation NNS 34823 4421 23 of of IN 34823 4421 24 prices price NNS 34823 4421 25 , , , 34823 4421 26 being be VBG 34823 4421 27 applicable applicable JJ 34823 4421 28 to to IN 34823 4421 29 the the DT 34823 4421 30 problem problem NN 34823 4421 31 of of IN 34823 4421 32 particular particular JJ 34823 4421 33 prices price NNS 34823 4421 34 , , , 34823 4421 35 are be VBP 34823 4421 36 also also RB 34823 4421 37 applicable applicable JJ 34823 4421 38 to to IN 34823 4421 39 the the DT 34823 4421 40 problem problem NN 34823 4421 41 of of IN 34823 4421 42 general general JJ 34823 4421 43 prices price NNS 34823 4421 44 . . . 34823 4422 1 ( ( -LRB- 34823 4422 2 Chapter chapter NN 34823 4422 3 on on IN 34823 4422 4 " " `` 34823 4422 5 The the DT 34823 4422 6 Passiveness passiveness NN 34823 4422 7 of of IN 34823 4422 8 Prices price NNS 34823 4422 9 . . . 34823 4422 10 " " '' 34823 4422 11 ) ) -RRB- 34823 4423 1 10 10 CD 34823 4423 2 . . . 34823 4424 1 The the DT 34823 4424 2 general general JJ 34823 4424 3 price price NN 34823 4424 4 - - HYPH 34823 4424 5 level level NN 34823 4424 6 , , , 34823 4424 7 as as IN 34823 4424 8 a a DT 34823 4424 9 consequence consequence NN 34823 4424 10 of of IN 34823 4424 11 changes change NNS 34823 4424 12 in in IN 34823 4424 13 particular particular JJ 34823 4424 14 prices price NNS 34823 4424 15 , , , 34823 4424 16 growing grow VBG 34823 4424 17 out out IN 34823 4424 18 of of IN 34823 4424 19 changes change NNS 34823 4424 20 in in IN 34823 4424 21 the the DT 34823 4424 22 values value NNS 34823 4424 23 of of IN 34823 4424 24 goods good NNS 34823 4424 25 , , , 34823 4424 26 may may MD 34823 4424 27 rise rise VB 34823 4424 28 or or CC 34823 4424 29 fall fall VB 34823 4424 30 , , , 34823 4424 31 without without IN 34823 4424 32 antecedent antecedent NN 34823 4424 33 changes change NNS 34823 4424 34 in in IN 34823 4424 35 the the DT 34823 4424 36 value value NN 34823 4424 37 of of IN 34823 4424 38 money money NN 34823 4424 39 , , , 34823 4424 40 or or CC 34823 4424 41 the the DT 34823 4424 42 quantity quantity NN 34823 4424 43 of of IN 34823 4424 44 money money NN 34823 4424 45 , , , 34823 4424 46 or or CC 34823 4424 47 the the DT 34823 4424 48 volume volume NN 34823 4424 49 of of IN 34823 4424 50 credit credit NN 34823 4424 51 , , , 34823 4424 52 or or CC 34823 4424 53 the the DT 34823 4424 54 volume volume NN 34823 4424 55 of of IN 34823 4424 56 trade trade NN 34823 4424 57 , , , 34823 4424 58 or or CC 34823 4424 59 in in IN 34823 4424 60 the the DT 34823 4424 61 " " `` 34823 4424 62 velocities velocity NNS 34823 4424 63 of of IN 34823 4424 64 circulation circulation NN 34823 4424 65 " " '' 34823 4424 66 of of IN 34823 4424 67 money money NN 34823 4424 68 or or CC 34823 4424 69 credit credit NN 34823 4424 70 . . . 34823 4425 1 ( ( -LRB- 34823 4425 2 Chapter chapter NN 34823 4425 3 on on IN 34823 4425 4 " " `` 34823 4425 5 The the DT 34823 4425 6 Passiveness passiveness NN 34823 4425 7 of of IN 34823 4425 8 Prices price NNS 34823 4425 9 . . . 34823 4425 10 " " '' 34823 4425 11 ) ) -RRB- 34823 4426 1 11 11 CD 34823 4426 2 . . . 34823 4427 1 The the DT 34823 4427 2 general general JJ 34823 4427 3 laws law NNS 34823 4427 4 of of IN 34823 4427 5 prices price NNS 34823 4427 6 , , , 34823 4427 7 supply supply NN 34823 4427 8 and and CC 34823 4427 9 demand demand NN 34823 4427 10 , , , 34823 4427 11 cost cost NN 34823 4427 12 of of IN 34823 4427 13 production production NN 34823 4427 14 , , , 34823 4427 15 the the DT 34823 4427 16 capitalization capitalization NN 34823 4427 17 doctrine doctrine NN 34823 4427 18 , , , 34823 4427 19 the the DT 34823 4427 20 imputation imputation NN 34823 4427 21 doctrine doctrine NN 34823 4427 22 , , , 34823 4427 23 etc etc FW 34823 4427 24 . . FW 34823 4427 25 , , , 34823 4427 26 conflict conflict NN 34823 4427 27 with with IN 34823 4427 28 the the DT 34823 4427 29 quantity quantity NN 34823 4427 30 theory theory NN 34823 4427 31 . . . 34823 4428 1 In in IN 34823 4428 2 the the DT 34823 4428 3 cases case NNS 34823 4428 4 where where WRB 34823 4428 5 they -PRON- PRP 34823 4428 6 conflict conflict VBP 34823 4428 7 , , , 34823 4428 8 the the DT 34823 4428 9 first first JJ 34823 4428 10 named name VBN 34823 4428 11 doctrines doctrine NNS 34823 4428 12 are be VBP 34823 4428 13 correct correct JJ 34823 4428 14 , , , 34823 4428 15 and and CC 34823 4428 16 the the DT 34823 4428 17 quantity quantity NN 34823 4428 18 theory theory NN 34823 4428 19 is be VBZ 34823 4428 20 wrong wrong JJ 34823 4428 21 . . . 34823 4429 1 ( ( -LRB- 34823 4429 2 Chapter chapter NN 34823 4429 3 on on IN 34823 4429 4 " " `` 34823 4429 5 The the DT 34823 4429 6 Passiveness passiveness NN 34823 4429 7 of of IN 34823 4429 8 Prices price NNS 34823 4429 9 . . . 34823 4429 10 " " '' 34823 4429 11 ) ) -RRB- 34823 4430 1 12 12 CD 34823 4430 2 . . . 34823 4431 1 The the DT 34823 4431 2 value value NN 34823 4431 3 of of IN 34823 4431 4 money money NN 34823 4431 5 , , , 34823 4431 6 being be VBG 34823 4431 7 a a DT 34823 4431 8 special special JJ 34823 4431 9 case case NN 34823 4431 10 of of IN 34823 4431 11 economic economic JJ 34823 4431 12 value value NN 34823 4431 13 , , , 34823 4431 14 is be VBZ 34823 4431 15 subject subject JJ 34823 4431 16 to to IN 34823 4431 17 the the DT 34823 4431 18 same same JJ 34823 4431 19 general general JJ 34823 4431 20 laws law NNS 34823 4431 21 . . . 34823 4432 1 This this DT 34823 4432 2 means mean VBZ 34823 4432 3 , , , 34823 4432 4 from from IN 34823 4432 5 the the DT 34823 4432 6 standpoint standpoint NN 34823 4432 7 of of IN 34823 4432 8 my -PRON- PRP$ 34823 4432 9 theory theory NN 34823 4432 10 , , , 34823 4432 11 that that IN 34823 4432 12 the the DT 34823 4432 13 theory theory NN 34823 4432 14 of of IN 34823 4432 15 social social JJ 34823 4432 16 value value NN 34823 4432 17 is be VBZ 34823 4432 18 applicable applicable JJ 34823 4432 19 to to IN 34823 4432 20 the the DT 34823 4432 21 problem problem NN 34823 4432 22 of of IN 34823 4432 23 the the DT 34823 4432 24 value value NN 34823 4432 25 of of IN 34823 4432 26 money money NN 34823 4432 27 . . . 34823 4433 1 13 13 CD 34823 4433 2 . . . 34823 4434 1 This this DT 34823 4434 2 is be VBZ 34823 4434 3 not not RB 34823 4434 4 the the DT 34823 4434 5 same same JJ 34823 4434 6 as as IN 34823 4434 7 saying say VBG 34823 4434 8 that that IN 34823 4434 9 the the DT 34823 4434 10 whole whole JJ 34823 4434 11 value value NN 34823 4434 12 of of IN 34823 4434 13 money money NN 34823 4434 14 is be VBZ 34823 4434 15 to to TO 34823 4434 16 be be VB 34823 4434 17 explained explain VBN 34823 4434 18 by by IN 34823 4434 19 the the DT 34823 4434 20 social social JJ 34823 4434 21 value value NN 34823 4434 22 of of IN 34823 4434 23 gold gold NN 34823 4434 24 bullion bullion NN 34823 4434 25 , , , 34823 4434 26 conceived conceive VBN 34823 4434 27 of of IN 34823 4434 28 as as IN 34823 4434 29 a a DT 34823 4434 30 mere mere JJ 34823 4434 31 commodity commodity NN 34823 4434 32 . . . 34823 4435 1 A a DT 34823 4435 2 hypothetical hypothetical JJ 34823 4435 3 case case NN 34823 4435 4 was be VBD 34823 4435 5 constructed construct VBN 34823 4435 6 in in IN 34823 4435 7 the the DT 34823 4435 8 chapter chapter NN 34823 4435 9 on on IN 34823 4435 10 " " `` 34823 4435 11 Dodo Dodo NNP 34823 4435 12 - - HYPH 34823 4435 13 Bones bone NNS 34823 4435 14 , , , 34823 4435 15 " " '' 34823 4435 16 in in IN 34823 4435 17 which which WDT 34823 4435 18 gold gold NN 34823 4435 19 is be VBZ 34823 4435 20 the the DT 34823 4435 21 standard standard NN 34823 4435 22 of of IN 34823 4435 23 value value NN 34823 4435 24 , , , 34823 4435 25 but but CC 34823 4435 26 is be VBZ 34823 4435 27 not not RB 34823 4435 28 employed employ VBN 34823 4435 29 as as IN 34823 4435 30 a a DT 34823 4435 31 medium medium NN 34823 4435 32 of of IN 34823 4435 33 exchange exchange NN 34823 4435 34 or or CC 34823 4435 35 in in IN 34823 4435 36 reserves reserve NNS 34823 4435 37 , , , 34823 4435 38 where where WRB 34823 4435 39 the the DT 34823 4435 40 whole whole JJ 34823 4435 41 value value NN 34823 4435 42 of of IN 34823 4435 43 money money NN 34823 4435 44 is be VBZ 34823 4435 45 to to TO 34823 4435 46 be be VB 34823 4435 47 explained explain VBN 34823 4435 48 by by IN 34823 4435 49 the the DT 34823 4435 50 value value NN 34823 4435 51 of of IN 34823 4435 52 gold gold NN 34823 4435 53 bullion bullion NN 34823 4435 54 , , , 34823 4435 55 conceived conceive VBN 34823 4435 56 of of IN 34823 4435 57 as as IN 34823 4435 58 a a DT 34823 4435 59 commodity commodity NN 34823 4435 60 . . . 34823 4436 1 14 14 CD 34823 4436 2 . . . 34823 4437 1 But but CC 34823 4437 2 , , , 34823 4437 3 in in IN 34823 4437 4 general general JJ 34823 4437 5 , , , 34823 4437 6 money money NN 34823 4437 7 gets get VBZ 34823 4437 8 part part NN 34823 4437 9 of of IN 34823 4437 10 its -PRON- PRP$ 34823 4437 11 value value NN 34823 4437 12 from from IN 34823 4437 13 its -PRON- PRP$ 34823 4437 14 monetary monetary JJ 34823 4437 15 employments employment NNS 34823 4437 16 . . . 34823 4438 1 ( ( -LRB- 34823 4438 2 Chapter chapter NN 34823 4438 3 on on IN 34823 4438 4 " " `` 34823 4438 5 Dodo Dodo NNP 34823 4438 6 - - HYPH 34823 4438 7 Bones Bones NNPS 34823 4438 8 . . . 34823 4438 9 " " '' 34823 4438 10 ) ) -RRB- 34823 4439 1 15 15 CD 34823 4439 2 . . . 34823 4440 1 The the DT 34823 4440 2 additional additional JJ 34823 4440 3 value value NN 34823 4440 4 which which WDT 34823 4440 5 comes come VBZ 34823 4440 6 to to IN 34823 4440 7 gold gold NN 34823 4440 8 bullion bullion NN 34823 4440 9 as as IN 34823 4440 10 a a DT 34823 4440 11 consequence consequence NN 34823 4440 12 of of IN 34823 4440 13 its -PRON- PRP$ 34823 4440 14 employment employment NN 34823 4440 15 as as IN 34823 4440 16 money money NN 34823 4440 17 , , , 34823 4440 18 is be VBZ 34823 4440 19 itself -PRON- PRP 34823 4440 20 to to TO 34823 4440 21 be be VB 34823 4440 22 explained explain VBN 34823 4440 23 on on IN 34823 4440 24 social social JJ 34823 4440 25 value value NN 34823 4440 26 principles principle NNS 34823 4440 27 . . . 34823 4441 1 It -PRON- PRP 34823 4441 2 grows grow VBZ 34823 4441 3 out out IN 34823 4441 4 of of IN 34823 4441 5 the the DT 34823 4441 6 social social JJ 34823 4441 7 value value NN 34823 4441 8 of of IN 34823 4441 9 the the DT 34823 4441 10 services service NNS 34823 4441 11 which which WDT 34823 4441 12 money money NN 34823 4441 13 performs perform VBZ 34823 4441 14 . . . 34823 4442 1 16 16 CD 34823 4442 2 . . . 34823 4443 1 The the DT 34823 4443 2 functions function NNS 34823 4443 3 of of IN 34823 4443 4 money money NN 34823 4443 5 remain remain VBP 34823 4443 6 to to TO 34823 4443 7 be be VB 34823 4443 8 examined examine VBN 34823 4443 9 in in IN 34823 4443 10 detail detail NN 34823 4443 11 . . . 34823 4444 1 And and CC 34823 4444 2 the the DT 34823 4444 3 relation relation NN 34823 4444 4 between between IN 34823 4444 5 the the DT 34823 4444 6 value value NN 34823 4444 7 of of IN 34823 4444 8 particular particular JJ 34823 4444 9 services service NNS 34823 4444 10 of of IN 34823 4444 11 money money NN 34823 4444 12 and and CC 34823 4444 13 the the DT 34823 4444 14 capital capital NN 34823 4444 15 value value NN 34823 4444 16 of of IN 34823 4444 17 money money NN 34823 4444 18 , , , 34823 4444 19 has have VBZ 34823 4444 20 not not RB 34823 4444 21 yet yet RB 34823 4444 22 been be VBN 34823 4444 23 analyzed analyze VBN 34823 4444 24 . . . 34823 4445 1 There there EX 34823 4445 2 is be VBZ 34823 4445 3 a a DT 34823 4445 4 relation relation NN 34823 4445 5 between between IN 34823 4445 6 the the DT 34823 4445 7 two two CD 34823 4445 8 -- -- : 34823 4445 9 a a DT 34823 4445 10 relation relation NN 34823 4445 11 which which WDT 34823 4445 12 varies vary VBZ 34823 4445 13 under under IN 34823 4445 14 different different JJ 34823 4445 15 conditions condition NNS 34823 4445 16 -- -- : 34823 4445 17 even even RB 34823 4445 18 though though IN 34823 4445 19 it -PRON- PRP 34823 4445 20 has have VBZ 34823 4445 21 been be VBN 34823 4445 22 shown show VBN 34823 4445 23 in in IN 34823 4445 24 the the DT 34823 4445 25 chapter chapter NN 34823 4445 26 on on IN 34823 4445 27 the the DT 34823 4445 28 " " `` 34823 4445 29 Capitalization Capitalization NNP 34823 4445 30 Theory Theory NNP 34823 4445 31 " " '' 34823 4445 32 that that IN 34823 4445 33 the the DT 34823 4445 34 relation relation NN 34823 4445 35 is be VBZ 34823 4445 36 not not RB 34823 4445 37 the the DT 34823 4445 38 simple simple JJ 34823 4445 39 one one NN 34823 4445 40 which which WDT 34823 4445 41 holds hold VBZ 34823 4445 42 between between IN 34823 4445 43 the the DT 34823 4445 44 values value NNS 34823 4445 45 of of IN 34823 4445 46 services service NNS 34823 4445 47 and and CC 34823 4445 48 the the DT 34823 4445 49 capital capital NN 34823 4445 50 value value NN 34823 4445 51 of of IN 34823 4445 52 ordinary ordinary JJ 34823 4445 53 income income NN 34823 4445 54 - - HYPH 34823 4445 55 bearers bearer NNS 34823 4445 56 . . . 34823 4446 1 There there EX 34823 4446 2 must must MD 34823 4446 3 be be VB 34823 4446 4 an an DT 34823 4446 5 increment increment NN 34823 4446 6 to to IN 34823 4446 7 the the DT 34823 4446 8 value value NN 34823 4446 9 of of IN 34823 4446 10 gold gold JJ 34823 4446 11 bullion bullion NN 34823 4446 12 as as IN 34823 4446 13 a a DT 34823 4446 14 consequence consequence NN 34823 4446 15 of of IN 34823 4446 16 its -PRON- PRP$ 34823 4446 17 being be VBG 34823 4446 18 coined coin VBN 34823 4446 19 , , , 34823 4446 20 however however RB 34823 4446 21 , , , 34823 4446 22 since since IN 34823 4446 23 otherwise otherwise RB 34823 4446 24 there there EX 34823 4446 25 would would MD 34823 4446 26 be be VB 34823 4446 27 no no DT 34823 4446 28 force force NN 34823 4446 29 leading lead VBG 34823 4446 30 it -PRON- PRP 34823 4446 31 to to TO 34823 4446 32 be be VB 34823 4446 33 coined coin VBN 34823 4446 34 . . . 34823 4447 1 17 17 CD 34823 4447 2 . . . 34823 4448 1 This this DT 34823 4448 2 increment increment NN 34823 4448 3 in in IN 34823 4448 4 value value NN 34823 4448 5 to to TO 34823 4448 6 bullion bullion VB 34823 4448 7 , , , 34823 4448 8 as as IN 34823 4448 9 a a DT 34823 4448 10 consequence consequence NN 34823 4448 11 of of IN 34823 4448 12 coinage coinage NN 34823 4448 13 , , , 34823 4448 14 becomes become VBZ 34823 4448 15 evident evident JJ 34823 4448 16 when when WRB 34823 4448 17 free free JJ 34823 4448 18 coinage coinage NN 34823 4448 19 is be VBZ 34823 4448 20 suspended suspend VBN 34823 4448 21 . . . 34823 4449 1 An an DT 34823 4449 2 agio agio NN 34823 4449 3 of of IN 34823 4449 4 coin coin NN 34823 4449 5 over over IN 34823 4449 6 uncoined uncoined JJ 34823 4449 7 bullion bullion NN 34823 4449 8 may may MD 34823 4449 9 easily easily RB 34823 4449 10 appear appear VB 34823 4449 11 . . . 34823 4450 1 18 18 CD 34823 4450 2 . . . 34823 4451 1 But but CC 34823 4451 2 this this DT 34823 4451 3 is be VBZ 34823 4451 4 not not RB 34823 4451 5 to to TO 34823 4451 6 assert assert VB 34823 4451 7 the the DT 34823 4451 8 doctrine doctrine NN 34823 4451 9 of of IN 34823 4451 10 the the DT 34823 4451 11 quantity quantity NN 34823 4451 12 theory theory NN 34823 4451 13 . . . 34823 4452 1 Because because IN 34823 4452 2 19 19 CD 34823 4452 3 . . . 34823 4453 1 The the DT 34823 4453 2 money money NN 34823 4453 3 service service NN 34823 4453 4 presupposes presuppose VBZ 34823 4453 5 the the DT 34823 4453 6 existence existence NN 34823 4453 7 of of IN 34823 4453 8 value value NN 34823 4453 9 for for IN 34823 4453 10 money money NN 34823 4453 11 from from IN 34823 4453 12 some some DT 34823 4453 13 source source NN 34823 4453 14 other other JJ 34823 4453 15 than than IN 34823 4453 16 the the DT 34823 4453 17 monetary monetary NNP 34823 4453 18 employment employment NN 34823 4453 19 ( ( -LRB- 34823 4453 20 chapter chapter NN 34823 4453 21 on on IN 34823 4453 22 " " `` 34823 4453 23 Dodo Dodo NNP 34823 4453 24 - - HYPH 34823 4453 25 Bones Bones NNPS 34823 4453 26 " " '' 34823 4453 27 ) ) -RRB- 34823 4453 28 ; ; : 34823 4453 29 and and CC 34823 4453 30 20 20 CD 34823 4453 31 . . . 34823 4454 1 Hence hence RB 34823 4454 2 the the DT 34823 4454 3 monetary monetary JJ 34823 4454 4 employment employment NN 34823 4454 5 can can MD 34823 4454 6 explain explain VB 34823 4454 7 only only RB 34823 4454 8 a a DT 34823 4454 9 differential differential JJ 34823 4454 10 portion portion NN 34823 4454 11 of of IN 34823 4454 12 the the DT 34823 4454 13 value value NN 34823 4454 14 of of IN 34823 4454 15 money money NN 34823 4454 16 . . . 34823 4455 1 21 21 CD 34823 4455 2 . . . 34823 4456 1 The the DT 34823 4456 2 proposition proposition NN 34823 4456 3 that that WDT 34823 4456 4 money money NN 34823 4456 5 must must MD 34823 4456 6 have have VB 34823 4456 7 value value NN 34823 4456 8 from from IN 34823 4456 9 some some DT 34823 4456 10 source source NN 34823 4456 11 other other JJ 34823 4456 12 than than IN 34823 4456 13 the the DT 34823 4456 14 monetary monetary JJ 34823 4456 15 employment employment NN 34823 4456 16 does do VBZ 34823 4456 17 not not RB 34823 4456 18 mean mean VB 34823 4456 19 , , , 34823 4456 20 necessarily necessarily RB 34823 4456 21 , , , 34823 4456 22 that that DT 34823 4456 23 money money NN 34823 4456 24 must must MD 34823 4456 25 be be VB 34823 4456 26 made make VBN 34823 4456 27 of of IN 34823 4456 28 precious precious JJ 34823 4456 29 metals metal NNS 34823 4456 30 , , , 34823 4456 31 or or CC 34823 4456 32 be be VB 34823 4456 33 convertible convertible JJ 34823 4456 34 into into IN 34823 4456 35 precious precious JJ 34823 4456 36 metals metal NNS 34823 4456 37 . . . 34823 4457 1 The the DT 34823 4457 2 value value NN 34823 4457 3 of of IN 34823 4457 4 money money NN 34823 4457 5 is be VBZ 34823 4457 6 , , , 34823 4457 7 indeed indeed RB 34823 4457 8 , , , 34823 4457 9 most most RBS 34823 4457 10 stable stable JJ 34823 4457 11 and and CC 34823 4457 12 best good JJS 34823 4457 13 sustained sustained JJ 34823 4457 14 when when WRB 34823 4457 15 such such JJ 34823 4457 16 is be VBZ 34823 4457 17 the the DT 34823 4457 18 case case NN 34823 4457 19 . . . 34823 4458 1 But but CC 34823 4458 2 it -PRON- PRP 34823 4458 3 is be VBZ 34823 4458 4 possible possible JJ 34823 4458 5 for for IN 34823 4458 6 money money NN 34823 4458 7 made make VBN 34823 4458 8 of of IN 34823 4458 9 paper paper NN 34823 4458 10 to to TO 34823 4458 11 have have VB 34823 4458 12 value value NN 34823 4458 13 apart apart RB 34823 4458 14 from from IN 34823 4458 15 the the DT 34823 4458 16 prospect prospect NN 34823 4458 17 of of IN 34823 4458 18 redemption redemption NN 34823 4458 19 -- -- : 34823 4458 20 though though IN 34823 4458 21 no no DT 34823 4458 22 clear clear JJ 34823 4458 23 case case NN 34823 4458 24 has have VBZ 34823 4458 25 been be VBN 34823 4458 26 made make VBN 34823 4458 27 , , , 34823 4458 28 in in IN 34823 4458 29 the the DT 34823 4458 30 writer writer NN 34823 4458 31 's 's POS 34823 4458 32 opinion opinion NN 34823 4458 33 , , , 34823 4458 34 for for IN 34823 4458 35 the the DT 34823 4458 36 view view NN 34823 4458 37 that that IN 34823 4458 38 this this DT 34823 4458 39 has have VBZ 34823 4458 40 historically historically RB 34823 4458 41 occurred occur VBN 34823 4458 42 . . . 34823 4459 1 But but CC 34823 4459 2 as as IN 34823 4459 3 a a DT 34823 4459 4 hypothetical hypothetical JJ 34823 4459 5 possibility possibility NN 34823 4459 6 , , , 34823 4459 7 my -PRON- PRP$ 34823 4459 8 theory theory NN 34823 4459 9 holds hold VBZ 34823 4459 10 that that IN 34823 4459 11 paper paper NN 34823 4459 12 money money NN 34823 4459 13 may may MD 34823 4459 14 attain attain VB 34823 4459 15 a a DT 34823 4459 16 value value NN 34823 4459 17 of of IN 34823 4459 18 its -PRON- PRP$ 34823 4459 19 own own JJ 34823 4459 20 , , , 34823 4459 21 growing grow VBG 34823 4459 22 out out IN 34823 4459 23 of of IN 34823 4459 24 various various JJ 34823 4459 25 factors factor NNS 34823 4459 26 which which WDT 34823 4459 27 a a DT 34823 4459 28 social social JJ 34823 4459 29 psychology psychology NN 34823 4459 30 can can MD 34823 4459 31 explain explain VB 34823 4459 32 , , , 34823 4459 33 including include VBG 34823 4459 34 law law NN 34823 4459 35 , , , 34823 4459 36 patriotism patriotism NN 34823 4459 37 , , , 34823 4459 38 and and CC 34823 4459 39 custom custom NN 34823 4459 40 . . . 34823 4460 1 Social social JJ 34823 4460 2 values value NNS 34823 4460 3 in in IN 34823 4460 4 every every DT 34823 4460 5 sphere sphere NN 34823 4460 6 are be VBP 34823 4460 7 imperfectly imperfectly RB 34823 4460 8 rationalized rationalized JJ 34823 4460 9 . . . 34823 4461 1 Values value NNS 34823 4461 2 which which WDT 34823 4461 3 in in IN 34823 4461 4 their -PRON- PRP$ 34823 4461 5 origin origin NN 34823 4461 6 are be VBP 34823 4461 7 secondary secondary JJ 34823 4461 8 and and CC 34823 4461 9 derived derive VBN 34823 4461 10 may may MD 34823 4461 11 become become VB 34823 4461 12 substantial substantial JJ 34823 4461 13 and and CC 34823 4461 14 independent independent JJ 34823 4461 15 of of IN 34823 4461 16 their -PRON- PRP$ 34823 4461 17 " " `` 34823 4461 18 presuppositions presupposition NNS 34823 4461 19 . . . 34823 4461 20 " " '' 34823 4462 1 This this DT 34823 4462 2 is be VBZ 34823 4462 3 true true JJ 34823 4462 4 of of IN 34823 4462 5 legal legal JJ 34823 4462 6 and and CC 34823 4462 7 moral moral JJ 34823 4462 8 values value NNS 34823 4462 9 . . . 34823 4463 1 It -PRON- PRP 34823 4463 2 is be VBZ 34823 4463 3 true true JJ 34823 4463 4 of of IN 34823 4463 5 the the DT 34823 4463 6 capital capital NN 34823 4463 7 value value NN 34823 4463 8 of of IN 34823 4463 9 land land NN 34823 4463 10 . . . 34823 4464 1 It -PRON- PRP 34823 4464 2 may may MD 34823 4464 3 be be VB 34823 4464 4 true true JJ 34823 4464 5 of of IN 34823 4464 6 paper paper NN 34823 4464 7 money money NN 34823 4464 8 . . . 34823 4465 1 This this DT 34823 4465 2 matter matter NN 34823 4465 3 has have VBZ 34823 4465 4 been be VBN 34823 4465 5 discussed discuss VBN 34823 4465 6 in in IN 34823 4465 7 the the DT 34823 4465 8 chapters chapter NNS 34823 4465 9 on on IN 34823 4465 10 " " `` 34823 4465 11 Economic Economic NNP 34823 4465 12 Value Value NNP 34823 4465 13 " " '' 34823 4465 14 and and CC 34823 4465 15 on on IN 34823 4465 16 " " `` 34823 4465 17 Dodo Dodo NNP 34823 4465 18 - - HYPH 34823 4465 19 Bones bone NNS 34823 4465 20 . . . 34823 4465 21 " " '' 34823 4466 1 The the DT 34823 4466 2 social social JJ 34823 4466 3 value value NN 34823 4466 4 theory theory NN 34823 4466 5 has have VBZ 34823 4466 6 not not RB 34823 4466 7 the the DT 34823 4466 8 limitations limitation NNS 34823 4466 9 of of IN 34823 4466 10 the the DT 34823 4466 11 utility utility NN 34823 4466 12 theory theory NN 34823 4466 13 in in IN 34823 4466 14 dealing deal VBG 34823 4466 15 with with IN 34823 4466 16 such such JJ 34823 4466 17 cases case NNS 34823 4466 18 , , , 34823 4466 19 nor nor CC 34823 4466 20 is be VBZ 34823 4466 21 it -PRON- PRP 34823 4466 22 tied tie VBN 34823 4466 23 to to IN 34823 4466 24 a a DT 34823 4466 25 metallist metallist JJ 34823 4466 26 or or CC 34823 4466 27 bullionist bullionist NN 34823 4466 28 interpretation interpretation NN 34823 4466 29 . . . 34823 4467 1 Legal legal JJ 34823 4467 2 , , , 34823 4467 3 moral moral JJ 34823 4467 4 , , , 34823 4467 5 and and CC 34823 4467 6 patriotic patriotic JJ 34823 4467 7 factors factor NNS 34823 4467 8 , , , 34823 4467 9 and and CC 34823 4467 10 the the DT 34823 4467 11 influence influence NN 34823 4467 12 of of IN 34823 4467 13 social social JJ 34823 4467 14 custom custom NN 34823 4467 15 , , , 34823 4467 16 all all DT 34823 4467 17 fall fall VBP 34823 4467 18 readily readily RB 34823 4467 19 into into IN 34823 4467 20 the the DT 34823 4467 21 social social JJ 34823 4467 22 value value NN 34823 4467 23 doctrine doctrine NN 34823 4467 24 . . . 34823 4468 1 22 22 CD 34823 4468 2 . . . 34823 4469 1 The the DT 34823 4469 2 " " `` 34823 4469 3 measure measure NN 34823 4469 4 of of IN 34823 4469 5 values value NNS 34823 4469 6 " " '' 34823 4469 7 function function NN 34823 4469 8 , , , 34823 4469 9 and and CC 34823 4469 10 the the DT 34823 4469 11 " " `` 34823 4469 12 standard standard NN 34823 4469 13 of of IN 34823 4469 14 deferred defer VBN 34823 4469 15 payments payment NNS 34823 4469 16 " " `` 34823 4469 17 function function NN 34823 4469 18 , , , 34823 4469 19 need nee MD 34823 4469 20 not not RB 34823 4469 21 require require VB 34823 4469 22 the the DT 34823 4469 23 actual actual JJ 34823 4469 24 use use NN 34823 4469 25 of of IN 34823 4469 26 money money NN 34823 4469 27 , , , 34823 4469 28 and and CC 34823 4469 29 need nee MD 34823 4469 30 not not RB 34823 4469 31 add add VB 34823 4469 32 to to IN 34823 4469 33 the the DT 34823 4469 34 value value NN 34823 4469 35 of of IN 34823 4469 36 money money NN 34823 4469 37 . . . 34823 4470 1 The the DT 34823 4470 2 function function NN 34823 4470 3 of of IN 34823 4470 4 " " `` 34823 4470 5 medium medium NN 34823 4470 6 of of IN 34823 4470 7 exchange exchange NN 34823 4470 8 , , , 34823 4470 9 " " '' 34823 4470 10 and and CC 34823 4470 11 other other JJ 34823 4470 12 functions function NNS 34823 4470 13 to to TO 34823 4470 14 be be VB 34823 4470 15 analyzed analyze VBN 34823 4470 16 in in IN 34823 4470 17 a a DT 34823 4470 18 later later JJ 34823 4470 19 chapter chapter NN 34823 4470 20 on on IN 34823 4470 21 that that DT 34823 4470 22 topic topic NN 34823 4470 23 , , , 34823 4470 24 do do VBP 34823 4470 25 involve involve VB 34823 4470 26 the the DT 34823 4470 27 actual actual JJ 34823 4470 28 employment employment NN 34823 4470 29 of of IN 34823 4470 30 money money NN 34823 4470 31 , , , 34823 4470 32 and and CC 34823 4470 33 are be VBP 34823 4470 34 sources source NNS 34823 4470 35 of of IN 34823 4470 36 value value NN 34823 4470 37 for for IN 34823 4470 38 money money NN 34823 4470 39 . . . 34823 4471 1 23 23 CD 34823 4471 2 . . . 34823 4472 1 The the DT 34823 4472 2 quantity quantity NN 34823 4472 3 of of IN 34823 4472 4 money money NN 34823 4472 5 and and CC 34823 4472 6 credit credit NN 34823 4472 7 are be VBP 34823 4472 8 matters matter NNS 34823 4472 9 of of IN 34823 4472 10 high high JJ 34823 4472 11 importance importance NN 34823 4472 12 in in IN 34823 4472 13 economic economic JJ 34823 4472 14 life life NN 34823 4472 15 . . . 34823 4473 1 They -PRON- PRP 34823 4473 2 affect affect VBP 34823 4473 3 vitally vitally RB 34823 4473 4 the the DT 34823 4473 5 smooth smooth JJ 34823 4473 6 functioning functioning NN 34823 4473 7 of of IN 34823 4473 8 production production NN 34823 4473 9 and and CC 34823 4473 10 exchange exchange NN 34823 4473 11 . . . 34823 4474 1 While while IN 34823 4474 2 not not RB 34823 4474 3 accepting accept VBG 34823 4474 4 the the DT 34823 4474 5 extreme extreme JJ 34823 4474 6 view view NN 34823 4474 7 of of IN 34823 4474 8 those those DT 34823 4474 9 writers writer NNS 34823 4474 10 who who WP 34823 4474 11 see see VBP 34823 4474 12 in in IN 34823 4474 13 scarcity scarcity NN 34823 4474 14 or or CC 34823 4474 15 abundance abundance NN 34823 4474 16 of of IN 34823 4474 17 money money NN 34823 4474 18 the the DT 34823 4474 19 primary primary JJ 34823 4474 20 cause cause NN 34823 4474 21 of of IN 34823 4474 22 the the DT 34823 4474 23 ebb ebb NN 34823 4474 24 and and CC 34823 4474 25 flow flow NN 34823 4474 26 of of IN 34823 4474 27 civilization civilization NN 34823 4474 28 , , , 34823 4474 29 I -PRON- PRP 34823 4474 30 maintain maintain VBP 34823 4474 31 that that IN 34823 4474 32 the the DT 34823 4474 33 quantity quantity NN 34823 4474 34 of of IN 34823 4474 35 money money NN 34823 4474 36 and and CC 34823 4474 37 credit credit NN 34823 4474 38 does do VBZ 34823 4474 39 make make VB 34823 4474 40 a a DT 34823 4474 41 vast vast JJ 34823 4474 42 difference difference NN 34823 4474 43 , , , 34823 4474 44 and and CC 34823 4474 45 that that IN 34823 4474 46 the the DT 34823 4474 47 quantity quantity NN 34823 4474 48 theory theory NN 34823 4474 49 contention contention NN 34823 4474 50 that that IN 34823 4474 51 , , , 34823 4474 52 after after IN 34823 4474 53 a a DT 34823 4474 54 transition transition NN 34823 4474 55 is be VBZ 34823 4474 56 effected effect VBN 34823 4474 57 , , , 34823 4474 58 the the DT 34823 4474 59 only only JJ 34823 4474 60 consequence consequence NN 34823 4474 61 of of IN 34823 4474 62 a a DT 34823 4474 63 change change NN 34823 4474 64 in in IN 34823 4474 65 the the DT 34823 4474 66 quantity quantity NN 34823 4474 67 of of IN 34823 4474 68 money money NN 34823 4474 69 is be VBZ 34823 4474 70 a a DT 34823 4474 71 proportional proportional JJ 34823 4474 72 change change NN 34823 4474 73 in in IN 34823 4474 74 the the DT 34823 4474 75 price price NN 34823 4474 76 - - HYPH 34823 4474 77 level level NN 34823 4474 78 , , , 34823 4474 79 is be VBZ 34823 4474 80 wholly wholly RB 34823 4474 81 indefensible indefensible JJ 34823 4474 82 . . . 34823 4475 1 ( ( -LRB- 34823 4475 2 Chapter chapter NN 34823 4475 3 on on IN 34823 4475 4 " " `` 34823 4475 5 Volume Volume NNP 34823 4475 6 of of IN 34823 4475 7 Money money NN 34823 4475 8 and and CC 34823 4475 9 Volume Volume NNP 34823 4475 10 of of IN 34823 4475 11 Trade Trade NNP 34823 4475 12 . . . 34823 4475 13 " " '' 34823 4475 14 ) ) -RRB- 34823 4476 1 24 24 CD 34823 4476 2 . . . 34823 4477 1 Very very RB 34823 4477 2 much much JJ 34823 4477 3 of of IN 34823 4477 4 economic economic JJ 34823 4477 5 theory theory NN 34823 4477 6 has have VBZ 34823 4477 7 been be VBN 34823 4477 8 developed develop VBN 34823 4477 9 in in IN 34823 4477 10 abstraction abstraction NN 34823 4477 11 from from IN 34823 4477 12 money money NN 34823 4477 13 . . . 34823 4478 1 For for IN 34823 4478 2 economic economic JJ 34823 4478 3 statics static NNS 34823 4478 4 , , , 34823 4478 5 with with IN 34823 4478 6 its -PRON- PRP$ 34823 4478 7 delicate delicate JJ 34823 4478 8 marginal marginal JJ 34823 4478 9 adjustments adjustment NNS 34823 4478 10 , , , 34823 4478 11 on on IN 34823 4478 12 the the DT 34823 4478 13 assumption assumption NN 34823 4478 14 that that IN 34823 4478 15 friction friction NN 34823 4478 16 is be VBZ 34823 4478 17 banished banish VBN 34823 4478 18 , , , 34823 4478 19 that that IN 34823 4478 20 the the DT 34823 4478 21 market market NN 34823 4478 22 is be VBZ 34823 4478 23 fluid fluid JJ 34823 4478 24 , , , 34823 4478 25 that that DT 34823 4478 26 labor labor NN 34823 4478 27 and and CC 34823 4478 28 capital capital NN 34823 4478 29 and and CC 34823 4478 30 goods good NNS 34823 4478 31 are be VBP 34823 4478 32 mobile mobile JJ 34823 4478 33 , , , 34823 4478 34 etc etc FW 34823 4478 35 . . FW 34823 4478 36 , , , 34823 4478 37 money money NN 34823 4478 38 does do VBZ 34823 4478 39 appear appear VB 34823 4478 40 a a DT 34823 4478 41 needless needless JJ 34823 4478 42 complication complication NN 34823 4478 43 . . . 34823 4479 1 But but CC 34823 4479 2 the the DT 34823 4479 3 static static JJ 34823 4479 4 assumptions assumption NNS 34823 4479 5 are be VBP 34823 4479 6 only only RB 34823 4479 7 possible possible JJ 34823 4479 8 because because IN 34823 4479 9 money money NN 34823 4479 10 and and CC 34823 4479 11 credit credit NN 34823 4479 12 have have VBP 34823 4479 13 smoothed smooth VBN 34823 4479 14 the the DT 34823 4479 15 way way NN 34823 4479 16 . . . 34823 4480 1 It -PRON- PRP 34823 4480 2 is be VBZ 34823 4480 3 the the DT 34823 4480 4 business business NN 34823 4480 5 , , , 34823 4480 6 the the DT 34823 4480 7 function function NN 34823 4480 8 , , , 34823 4480 9 of of IN 34823 4480 10 money money NN 34823 4480 11 and and CC 34823 4480 12 credit credit NN 34823 4480 13 to to TO 34823 4480 14 overcome overcome VB 34823 4480 15 " " `` 34823 4480 16 friction friction NN 34823 4480 17 , , , 34823 4480 18 " " '' 34823 4480 19 to to TO 34823 4480 20 effect effect VB 34823 4480 21 " " '' 34823 4480 22 transitions transition NNS 34823 4480 23 , , , 34823 4480 24 " " '' 34823 4480 25 to to TO 34823 4480 26 make make VB 34823 4480 27 it -PRON- PRP 34823 4480 28 possible possible JJ 34823 4480 29 for for IN 34823 4480 30 " " `` 34823 4480 31 normal normal JJ 34823 4480 32 " " '' 34823 4480 33 tendencies tendency NNS 34823 4480 34 to to TO 34823 4480 35 manifest manifest VB 34823 4480 36 themselves -PRON- PRP 34823 4480 37 . . . 34823 4481 1 ( ( -LRB- 34823 4481 2 Chapter chapter NN 34823 4481 3 on on IN 34823 4481 4 " " `` 34823 4481 5 Volume Volume NNP 34823 4481 6 of of IN 34823 4481 7 Money money NN 34823 4481 8 and and CC 34823 4481 9 Volume Volume NNP 34823 4481 10 of of IN 34823 4481 11 Trade Trade NNP 34823 4481 12 . . . 34823 4481 13 " " '' 34823 4481 14 ) ) -RRB- 34823 4482 1 25 25 CD 34823 4482 2 . . . 34823 4483 1 The the DT 34823 4483 2 main main JJ 34823 4483 3 work work NN 34823 4483 4 of of IN 34823 4483 5 money money NN 34823 4483 6 and and CC 34823 4483 7 credit credit NN 34823 4483 8 is be VBZ 34823 4483 9 in in IN 34823 4483 10 effecting effect VBG 34823 4483 11 " " `` 34823 4483 12 transitions transition NNS 34823 4483 13 , , , 34823 4483 14 " " '' 34823 4483 15 bringing bring VBG 34823 4483 16 about about RP 34823 4483 17 readjustments readjustment NNS 34823 4483 18 , , , 34823 4483 19 enabling enable VBG 34823 4483 20 society society NN 34823 4483 21 , , , 34823 4483 22 with with IN 34823 4483 23 little little JJ 34823 4483 24 shock shock NN 34823 4483 25 , , , 34823 4483 26 to to TO 34823 4483 27 adapt adapt VB 34823 4483 28 itself -PRON- PRP 34823 4483 29 to to IN 34823 4483 30 dynamic dynamic JJ 34823 4483 31 change change NN 34823 4483 32 . . . 34823 4484 1 The the DT 34823 4484 2 great great JJ 34823 4484 3 bulk bulk NN 34823 4484 4 of of IN 34823 4484 5 the the DT 34823 4484 6 actual actual JJ 34823 4484 7 exchanging exchange VBG 34823 4484 8 that that IN 34823 4484 9 takes take VBZ 34823 4484 10 place place NN 34823 4484 11 is be VBZ 34823 4484 12 speculation speculation NN 34823 4484 13 , , , 34823 4484 14 and and CC 34823 4484 15 would would MD 34823 4484 16 not not RB 34823 4484 17 occur occur VB 34823 4484 18 if if IN 34823 4484 19 economic economic JJ 34823 4484 20 life life NN 34823 4484 21 were be VBD 34823 4484 22 in in IN 34823 4484 23 static static JJ 34823 4484 24 equilibrium equilibrium NN 34823 4484 25 . . . 34823 4485 1 This this DT 34823 4485 2 is be VBZ 34823 4485 3 true true JJ 34823 4485 4 both both CC 34823 4485 5 as as IN 34823 4485 6 a a DT 34823 4485 7 matter matter NN 34823 4485 8 of of IN 34823 4485 9 theory theory NN 34823 4485 10 and and CC 34823 4485 11 as as IN 34823 4485 12 a a DT 34823 4485 13 matter matter NN 34823 4485 14 of of IN 34823 4485 15 statistics statistic NNS 34823 4485 16 . . . 34823 4486 1 More More JJR 34823 4486 2 than than IN 34823 4486 3 half half NN 34823 4486 4 of of IN 34823 4486 5 the the DT 34823 4486 6 checks check NNS 34823 4486 7 deposited deposit VBN 34823 4486 8 in in IN 34823 4486 9 the the DT 34823 4486 10 United United NNP 34823 4486 11 States States NNP 34823 4486 12 are be VBP 34823 4486 13 deposited deposit VBN 34823 4486 14 in in IN 34823 4486 15 New New NNP 34823 4486 16 York York NNP 34823 4486 17 City City NNP 34823 4486 18 , , , 34823 4486 19 where where WRB 34823 4486 20 " " `` 34823 4486 21 wholesale wholesale JJ 34823 4486 22 " " '' 34823 4486 23 and and CC 34823 4486 24 " " `` 34823 4486 25 retail retail JJ 34823 4486 26 " " '' 34823 4486 27 deposits deposit NNS 34823 4486 28 are be VBP 34823 4486 29 a a DT 34823 4486 30 small small JJ 34823 4486 31 factor factor NN 34823 4486 32 . . . 34823 4487 1 Bank bank NN 34823 4487 2 clearings clearing NNS 34823 4487 3 fluctuate fluctuate VBP 34823 4487 4 in in IN 34823 4487 5 close close JJ 34823 4487 6 conformity conformity NN 34823 4487 7 with with IN 34823 4487 8 stock stock NN 34823 4487 9 exchange exchange NN 34823 4487 10 transactions transaction NNS 34823 4487 11 . . . 34823 4488 1 Great great JJ 34823 4488 2 banks bank NNS 34823 4488 3 , , , 34823 4488 4 and and CC 34823 4488 5 the the DT 34823 4488 6 bulk bulk NN 34823 4488 7 of of IN 34823 4488 8 banking banking NN 34823 4488 9 transactions transaction NNS 34823 4488 10 , , , 34823 4488 11 are be VBP 34823 4488 12 everywhere everywhere RB 34823 4488 13 found find VBN 34823 4488 14 in in IN 34823 4488 15 the the DT 34823 4488 16 speculative speculative JJ 34823 4488 17 centres centre NNS 34823 4488 18 . . . 34823 4489 1 ( ( -LRB- 34823 4489 2 Chapters chapter NNS 34823 4489 3 on on IN 34823 4489 4 " " `` 34823 4489 5 Volume volume NN 34823 4489 6 of of IN 34823 4489 7 Money money NN 34823 4489 8 and and CC 34823 4489 9 Volume Volume NNP 34823 4489 10 of of IN 34823 4489 11 Trade Trade NNP 34823 4489 12 , , , 34823 4489 13 " " '' 34823 4489 14 and and CC 34823 4489 15 " " `` 34823 4489 16 The the DT 34823 4489 17 Rediscovery rediscovery NN 34823 4489 18 of of IN 34823 4489 19 a a DT 34823 4489 20 Buried Buried NNP 34823 4489 21 City City NNP 34823 4489 22 . . . 34823 4489 23 " " '' 34823 4489 24 ) ) -RRB- 34823 4490 1 26 26 CD 34823 4490 2 . . . 34823 4491 1 Hence hence RB 34823 4491 2 a a DT 34823 4491 3 functional functional JJ 34823 4491 4 theory theory NN 34823 4491 5 of of IN 34823 4491 6 money money NN 34823 4491 7 must must MD 34823 4491 8 be be VB 34823 4491 9 essentially essentially RB 34823 4491 10 a a DT 34823 4491 11 dynamic dynamic JJ 34823 4491 12 theory theory NN 34823 4491 13 : : : 34823 4491 14 must must MD 34823 4491 15 rest rest VB 34823 4491 16 in in IN 34823 4491 17 a a DT 34823 4491 18 study study NN 34823 4491 19 of of IN 34823 4491 20 " " `` 34823 4491 21 friction friction NN 34823 4491 22 , , , 34823 4491 23 " " '' 34823 4491 24 " " `` 34823 4491 25 transitions transition NNS 34823 4491 26 , , , 34823 4491 27 " " '' 34823 4491 28 and and CC 34823 4491 29 the the DT 34823 4491 30 like like JJ 34823 4491 31 . . . 34823 4492 1 And and CC 34823 4492 2 , , , 34823 4492 3 27 27 CD 34823 4492 4 . . . 34823 4493 1 Hence hence RB 34823 4493 2 a a DT 34823 4493 3 theory theory NN 34823 4493 4 of of IN 34823 4493 5 money money NN 34823 4493 6 like like IN 34823 4493 7 the the DT 34823 4493 8 quantity quantity NN 34823 4493 9 theory theory NN 34823 4493 10 , , , 34823 4493 11 concerned concern VBN 34823 4493 12 with with IN 34823 4493 13 " " `` 34823 4493 14 long long JJ 34823 4493 15 run run NN 34823 4493 16 tendencies tendency NNS 34823 4493 17 " " '' 34823 4493 18 and and CC 34823 4493 19 " " `` 34823 4493 20 normal normal JJ 34823 4493 21 equilibria equilibria NN 34823 4493 22 " " '' 34823 4493 23 and and CC 34823 4493 24 " " `` 34823 4493 25 static static JJ 34823 4493 26 adjustments adjustment NNS 34823 4493 27 " " '' 34823 4493 28 touches touch VBZ 34823 4493 29 the the DT 34823 4493 30 real real JJ 34823 4493 31 problem problem NN 34823 4493 32 of of IN 34823 4493 33 the the DT 34823 4493 34 value value NN 34823 4493 35 of of IN 34823 4493 36 money money NN 34823 4493 37 not not RB 34823 4493 38 at at RB 34823 4493 39 all all RB 34823 4493 40 . . . 34823 4494 1 28 28 CD 34823 4494 2 . . . 34823 4495 1 An an DT 34823 4495 2 increase increase NN 34823 4495 3 of of IN 34823 4495 4 money money NN 34823 4495 5 tends tend VBZ 34823 4495 6 to to TO 34823 4495 7 increase increase VB 34823 4495 8 trade trade NN 34823 4495 9 . . . 34823 4496 1 ( ( -LRB- 34823 4496 2 Chapter chapter NN 34823 4496 3 on on IN 34823 4496 4 " " `` 34823 4496 5 Volume Volume NNP 34823 4496 6 of of IN 34823 4496 7 Money money NN 34823 4496 8 and and CC 34823 4496 9 Volume Volume NNP 34823 4496 10 of of IN 34823 4496 11 Trade Trade NNP 34823 4496 12 . . . 34823 4496 13 " " '' 34823 4496 14 ) ) -RRB- 34823 4497 1 29 29 CD 34823 4497 2 . . . 34823 4498 1 An an DT 34823 4498 2 increase increase NN 34823 4498 3 of of IN 34823 4498 4 credit credit NN 34823 4498 5 tends tend VBZ 34823 4498 6 to to TO 34823 4498 7 increase increase VB 34823 4498 8 trade trade NN 34823 4498 9 . . . 34823 4499 1 ( ( -LRB- 34823 4499 2 Same same JJ 34823 4499 3 chapter chapter NN 34823 4499 4 . . . 34823 4499 5 ) ) -RRB- 34823 4500 1 30 30 CD 34823 4500 2 . . . 34823 4501 1 An an DT 34823 4501 2 increase increase NN 34823 4501 3 of of IN 34823 4501 4 trade trade NN 34823 4501 5 tends tend VBZ 34823 4501 6 to to TO 34823 4501 7 increase increase VB 34823 4501 8 the the DT 34823 4501 9 volume volume NN 34823 4501 10 of of IN 34823 4501 11 credit credit NN 34823 4501 12 , , , 34823 4501 13 and and CC 34823 4501 14 , , , 34823 4501 15 where where WRB 34823 4501 16 the the DT 34823 4501 17 money money NN 34823 4501 18 supply supply NN 34823 4501 19 is be VBZ 34823 4501 20 flexible flexible JJ 34823 4501 21 , , , 34823 4501 22 tends tend VBZ 34823 4501 23 to to TO 34823 4501 24 increase increase VB 34823 4501 25 the the DT 34823 4501 26 money money NN 34823 4501 27 supply supply NN 34823 4501 28 also also RB 34823 4501 29 . . . 34823 4502 1 ( ( -LRB- 34823 4502 2 Chapter chapter NN 34823 4502 3 on on IN 34823 4502 4 the the DT 34823 4502 5 " " `` 34823 4502 6 Volume Volume NNP 34823 4502 7 of of IN 34823 4502 8 Trade Trade NNP 34823 4502 9 and and CC 34823 4502 10 the the DT 34823 4502 11 Volume Volume NNP 34823 4502 12 of of IN 34823 4502 13 Money Money NNP 34823 4502 14 and and CC 34823 4502 15 Credit Credit NNP 34823 4502 16 . . . 34823 4502 17 " " '' 34823 4502 18 ) ) -RRB- 34823 4503 1 31 31 CD 34823 4503 2 . . . 34823 4504 1 Production production NN 34823 4504 2 waits wait VBZ 34823 4504 3 on on IN 34823 4504 4 trade trade NN 34823 4504 5 . . . 34823 4505 1 The the DT 34823 4505 2 problem problem NN 34823 4505 3 of of IN 34823 4505 4 marketing marketing NN 34823 4505 5 in in IN 34823 4505 6 the the DT 34823 4505 7 modern modern JJ 34823 4505 8 world world NN 34823 4505 9 is be VBZ 34823 4505 10 often often RB 34823 4505 11 more more RBR 34823 4505 12 important important JJ 34823 4505 13 than than IN 34823 4505 14 the the DT 34823 4505 15 problems problem NNS 34823 4505 16 of of IN 34823 4505 17 production production NN 34823 4505 18 in in IN 34823 4505 19 the the DT 34823 4505 20 narrower narrow JJR 34823 4505 21 sense sense NN 34823 4505 22 . . . 34823 4506 1 Selling selling NN 34823 4506 2 costs cost NNS 34823 4506 3 are be VBP 34823 4506 4 probably probably RB 34823 4506 5 greater great JJR 34823 4506 6 than than IN 34823 4506 7 strict strict JJ 34823 4506 8 " " '' 34823 4506 9 costs cost NNS 34823 4506 10 of of IN 34823 4506 11 production production NN 34823 4506 12 . . . 34823 4506 13 " " '' 34823 4507 1 " " `` 34823 4507 2 Volume volume NN 34823 4507 3 of of IN 34823 4507 4 trade trade NN 34823 4507 5 , , , 34823 4507 6 " " '' 34823 4507 7 far far RB 34823 4507 8 from from IN 34823 4507 9 being be VBG 34823 4507 10 dependent dependent JJ 34823 4507 11 on on IN 34823 4507 12 " " `` 34823 4507 13 physical physical JJ 34823 4507 14 capacities capacity NNS 34823 4507 15 and and CC 34823 4507 16 technique technique NN 34823 4507 17 , , , 34823 4507 18 " " '' 34823 4507 19 is be VBZ 34823 4507 20 almost almost RB 34823 4507 21 indefinitely indefinitely RB 34823 4507 22 flexible flexible JJ 34823 4507 23 , , , 34823 4507 24 with with IN 34823 4507 25 changing change VBG 34823 4507 26 tone tone NN 34823 4507 27 of of IN 34823 4507 28 the the DT 34823 4507 29 market market NN 34823 4507 30 , , , 34823 4507 31 with with IN 34823 4507 32 changing change VBG 34823 4507 33 values value NNS 34823 4507 34 , , , 34823 4507 35 and and CC 34823 4507 36 with with IN 34823 4507 37 other other JJ 34823 4507 38 changes change NNS 34823 4507 39 , , , 34823 4507 40 including include VBG 34823 4507 41 changes change NNS 34823 4507 42 in in IN 34823 4507 43 the the DT 34823 4507 44 volume volume NN 34823 4507 45 of of IN 34823 4507 46 money money NN 34823 4507 47 and and CC 34823 4507 48 credit credit NN 34823 4507 49 . . . 34823 4508 1 ( ( -LRB- 34823 4508 2 Chapter chapter NN 34823 4508 3 on on IN 34823 4508 4 " " `` 34823 4508 5 Volume Volume NNP 34823 4508 6 of of IN 34823 4508 7 Money money NN 34823 4508 8 and and CC 34823 4508 9 Volume Volume NNP 34823 4508 10 of of IN 34823 4508 11 Trade Trade NNP 34823 4508 12 . . . 34823 4508 13 " " '' 34823 4508 14 ) ) -RRB- 34823 4509 1 32 32 CD 34823 4509 2 . . . 34823 4510 1 The the DT 34823 4510 2 relation relation NN 34823 4510 3 between between IN 34823 4510 4 the the DT 34823 4510 5 volume volume NN 34823 4510 6 of of IN 34823 4510 7 money money NN 34823 4510 8 and and CC 34823 4510 9 the the DT 34823 4510 10 volume volume NN 34823 4510 11 of of IN 34823 4510 12 credit credit NN 34823 4510 13 is be VBZ 34823 4510 14 exceedingly exceedingly RB 34823 4510 15 flexible flexible JJ 34823 4510 16 . . . 34823 4511 1 The the DT 34823 4511 2 relation relation NN 34823 4511 3 between between IN 34823 4511 4 the the DT 34823 4511 5 world world NN 34823 4511 6 's 's POS 34823 4511 7 volume volume NN 34823 4511 8 of of IN 34823 4511 9 credit credit NN 34823 4511 10 and and CC 34823 4511 11 the the DT 34823 4511 12 world world NN 34823 4511 13 's 's POS 34823 4511 14 volume volume NN 34823 4511 15 of of IN 34823 4511 16 gold gold NN 34823 4511 17 is be VBZ 34823 4511 18 likewise likewise RB 34823 4511 19 exceedingly exceedingly RB 34823 4511 20 loose loose JJ 34823 4511 21 , , , 34823 4511 22 uncertain uncertain JJ 34823 4511 23 , , , 34823 4511 24 and and CC 34823 4511 25 flexible flexible JJ 34823 4511 26 . . . 34823 4512 1 ( ( -LRB- 34823 4512 2 Chapters chapter NNS 34823 4512 3 on on IN 34823 4512 4 " " `` 34823 4512 5 Volume volume NN 34823 4512 6 of of IN 34823 4512 7 Money money NN 34823 4512 8 and and CC 34823 4512 9 Volume Volume NNP 34823 4512 10 of of IN 34823 4512 11 Credit Credit NNP 34823 4512 12 , , , 34823 4512 13 " " '' 34823 4512 14 and and CC 34823 4512 15 " " `` 34823 4512 16 The the DT 34823 4512 17 Quantity quantity NN 34823 4512 18 Theory Theory NNP 34823 4512 19 and and CC 34823 4512 20 World World NNP 34823 4512 21 Prices Prices NNPS 34823 4512 22 . . . 34823 4512 23 " " '' 34823 4512 24 ) ) -RRB- 34823 4513 1 33 33 CD 34823 4513 2 . . . 34823 4514 1 " " `` 34823 4514 2 Velocity velocity NN 34823 4514 3 of of IN 34823 4514 4 circulation circulation NN 34823 4514 5 " " '' 34823 4514 6 is be VBZ 34823 4514 7 a a DT 34823 4514 8 blanket blanket NN 34823 4514 9 name name NN 34823 4514 10 for for IN 34823 4514 11 a a DT 34823 4514 12 complex complex JJ 34823 4514 13 and and CC 34823 4514 14 heterogenous heterogenous JJ 34823 4514 15 set set NN 34823 4514 16 of of IN 34823 4514 17 activities activity NNS 34823 4514 18 of of IN 34823 4514 19 men man NNS 34823 4514 20 . . . 34823 4515 1 It -PRON- PRP 34823 4515 2 is be VBZ 34823 4515 3 a a DT 34823 4515 4 passive passive JJ 34823 4515 5 resultant resultant NN 34823 4515 6 of of IN 34823 4515 7 many many JJ 34823 4515 8 causes cause NNS 34823 4515 9 , , , 34823 4515 10 and and CC 34823 4515 11 is be VBZ 34823 4515 12 itself -PRON- PRP 34823 4515 13 a a DT 34823 4515 14 cause cause NN 34823 4515 15 of of IN 34823 4515 16 nothing nothing NN 34823 4515 17 . . . 34823 4516 1 The the DT 34823 4516 2 safest safe JJS 34823 4516 3 generalization generalization NN 34823 4516 4 possible possible JJ 34823 4516 5 concerning concern VBG 34823 4516 6 it -PRON- PRP 34823 4516 7 is be VBZ 34823 4516 8 that that IN 34823 4516 9 it -PRON- PRP 34823 4516 10 varies vary VBZ 34823 4516 11 with with IN 34823 4516 12 the the DT 34823 4516 13 volume volume NN 34823 4516 14 of of IN 34823 4516 15 trade trade NN 34823 4516 16 and and CC 34823 4516 17 with with IN 34823 4516 18 prices price NNS 34823 4516 19 . . . 34823 4517 1 34 34 CD 34823 4517 2 . . . 34823 4518 1 Barter barter NN 34823 4518 2 remains remain VBZ 34823 4518 3 an an DT 34823 4518 4 important important JJ 34823 4518 5 factor factor NN 34823 4518 6 in in IN 34823 4518 7 modern modern JJ 34823 4518 8 economic economic JJ 34823 4518 9 life life NN 34823 4518 10 , , , 34823 4518 11 and and CC 34823 4518 12 is be VBZ 34823 4518 13 a a DT 34823 4518 14 flexible flexible JJ 34823 4518 15 substitute substitute NN 34823 4518 16 for for IN 34823 4518 17 the the DT 34823 4518 18 use use NN 34823 4518 19 of of IN 34823 4518 20 checks check NNS 34823 4518 21 and and CC 34823 4518 22 money money NN 34823 4518 23 , , , 34823 4518 24 increasing increase VBG 34823 4518 25 when when WRB 34823 4518 26 the the DT 34823 4518 27 money money NN 34823 4518 28 market market NN 34823 4518 29 " " '' 34823 4518 30 tightens tighten NNS 34823 4518 31 . . . 34823 4518 32 " " '' 34823 4519 1 It -PRON- PRP 34823 4519 2 is be VBZ 34823 4519 3 greatly greatly RB 34823 4519 4 facilitated facilitate VBN 34823 4519 5 by by IN 34823 4519 6 the the DT 34823 4519 7 " " `` 34823 4519 8 common common JJ 34823 4519 9 measure measure NN 34823 4519 10 of of IN 34823 4519 11 values value NNS 34823 4519 12 " " '' 34823 4519 13 function function NN 34823 4519 14 of of IN 34823 4519 15 money money NN 34823 4519 16 . . . 34823 4520 1 35 35 CD 34823 4520 2 . . . 34823 4521 1 The the DT 34823 4521 2 general general JJ 34823 4521 3 criticism criticism NN 34823 4521 4 of of IN 34823 4521 5 the the DT 34823 4521 6 mechanistic mechanistic JJ 34823 4521 7 scheme scheme NN 34823 4521 8 of of IN 34823 4521 9 causation causation NN 34823 4521 10 involved involve VBN 34823 4521 11 in in IN 34823 4521 12 the the DT 34823 4521 13 quantity quantity NN 34823 4521 14 theory theory NN 34823 4521 15 has have VBZ 34823 4521 16 , , , 34823 4521 17 as as IN 34823 4521 18 its -PRON- PRP$ 34823 4521 19 positive positive JJ 34823 4521 20 corollary corollary NN 34823 4521 21 , , , 34823 4521 22 the the DT 34823 4521 23 doctrine doctrine NN 34823 4521 24 that that IN 34823 4521 25 psychological psychological JJ 34823 4521 26 explanations explanation NNS 34823 4521 27 must must MD 34823 4521 28 be be VB 34823 4521 29 given give VBN 34823 4521 30 -- -- : 34823 4521 31 that that IN 34823 4521 32 the the DT 34823 4521 33 phenomena phenomenon NNS 34823 4521 34 are be VBP 34823 4521 35 intricate intricate JJ 34823 4521 36 and and CC 34823 4521 37 complex complex JJ 34823 4521 38 , , , 34823 4521 39 as as IN 34823 4521 40 intricate intricate JJ 34823 4521 41 and and CC 34823 4521 42 complex complex JJ 34823 4521 43 as as IN 34823 4521 44 the the DT 34823 4521 45 play play NN 34823 4521 46 of of IN 34823 4521 47 human human JJ 34823 4521 48 ideas idea NNS 34823 4521 49 and and CC 34823 4521 50 emotions emotion NNS 34823 4521 51 , , , 34823 4521 52 and and CC 34823 4521 53 the the DT 34823 4521 54 network network NN 34823 4521 55 of of IN 34823 4521 56 social social JJ 34823 4521 57 relationships relationship NNS 34823 4521 58 . . . 34823 4522 1 36 36 CD 34823 4522 2 . . . 34823 4523 1 This this DT 34823 4523 2 means mean VBZ 34823 4523 3 that that IN 34823 4523 4 the the DT 34823 4523 5 theory theory NN 34823 4523 6 of of IN 34823 4523 7 value value NN 34823 4523 8 , , , 34823 4523 9 and and CC 34823 4523 10 of of IN 34823 4523 11 the the DT 34823 4523 12 value value NN 34823 4523 13 of of IN 34823 4523 14 money money NN 34823 4523 15 , , , 34823 4523 16 as as RB 34823 4523 17 here here RB 34823 4523 18 presented present VBN 34823 4523 19 , , , 34823 4523 20 can can MD 34823 4523 21 not not RB 34823 4523 22 assume assume VB 34823 4523 23 the the DT 34823 4523 24 simple simple JJ 34823 4523 25 form form NN 34823 4523 26 , , , 34823 4523 27 or or CC 34823 4523 28 the the DT 34823 4523 29 mathematical mathematical JJ 34823 4523 30 precision precision NN 34823 4523 31 , , , 34823 4523 32 which which WDT 34823 4523 33 have have VBP 34823 4523 34 made make VBN 34823 4523 35 the the DT 34823 4523 36 quantity quantity NN 34823 4523 37 theory theory NN 34823 4523 38 so so RB 34823 4523 39 alluring alluring JJ 34823 4523 40 . . . 34823 4524 1 It -PRON- PRP 34823 4524 2 means mean VBZ 34823 4524 3 , , , 34823 4524 4 further far RBR 34823 4524 5 , , , 34823 4524 6 that that IN 34823 4524 7 the the DT 34823 4524 8 present present JJ 34823 4524 9 study study NN 34823 4524 10 , , , 34823 4524 11 as as IN 34823 4524 12 in in IN 34823 4524 13 part part NN 34823 4524 14 pioneer pioneer NN 34823 4524 15 work work NN 34823 4524 16 , , , 34823 4524 17 will will MD 34823 4524 18 lack lack VB 34823 4524 19 finish finish NN 34823 4524 20 and and CC 34823 4524 21 definiteness definiteness NN 34823 4524 22 in in IN 34823 4524 23 many many JJ 34823 4524 24 places place NNS 34823 4524 25 , , , 34823 4524 26 will will MD 34823 4524 27 contain contain VB 34823 4524 28 errors error NNS 34823 4524 29 and and CC 34823 4524 30 gaps gap NNS 34823 4524 31 , , , 34823 4524 32 and and CC 34823 4524 33 will will MD 34823 4524 34 leave leave VB 34823 4524 35 many many JJ 34823 4524 36 problems problem NNS 34823 4524 37 unsolved unsolve VBN 34823 4524 38 , , , 34823 4524 39 and and CC 34823 4524 40 many many JJ 34823 4524 41 distinctions distinction NNS 34823 4524 42 undrawn undrawn VBD 34823 4524 43 . . . 34823 4525 1 At at IN 34823 4525 2 many many JJ 34823 4525 3 points point NNS 34823 4525 4 , , , 34823 4525 5 the the DT 34823 4525 6 analysis analysis NN 34823 4525 7 is be VBZ 34823 4525 8 confessedly confessedly RB 34823 4525 9 incomplete incomplete JJ 34823 4525 10 , , , 34823 4525 11 and and CC 34823 4525 12 the the DT 34823 4525 13 problems problem NNS 34823 4525 14 imperfectly imperfectly RB 34823 4525 15 thought think VBD 34823 4525 16 through through RB 34823 4525 17 -- -- : 34823 4525 18 often often RB 34823 4525 19 inadequately inadequately RB 34823 4525 20 _ _ NNP 34823 4525 21 stated state VBD 34823 4525 22 _ _ NNP 34823 4525 23 , , , 34823 4525 24 if if IN 34823 4525 25 seen see VBN 34823 4525 26 at at RB 34823 4525 27 all all RB 34823 4525 28 . . . 34823 4526 1 In in IN 34823 4526 2 what what WP 34823 4526 3 follows follow VBZ 34823 4526 4 , , , 34823 4526 5 these these PDT 34823 4526 6 these these DT 34823 4526 7 s s NNS 34823 4526 8 , , , 34823 4526 9 with with IN 34823 4526 10 doctrines doctrine NNS 34823 4526 11 yet yet RB 34823 4526 12 to to TO 34823 4526 13 be be VB 34823 4526 14 developed develop VBN 34823 4526 15 , , , 34823 4526 16 will will MD 34823 4526 17 be be VB 34823 4526 18 woven weave VBN 34823 4526 19 together together RB 34823 4526 20 into into IN 34823 4526 21 a a DT 34823 4526 22 systematic systematic JJ 34823 4526 23 theory theory NN 34823 4526 24 of of IN 34823 4526 25 money money NN 34823 4526 26 and and CC 34823 4526 27 credit credit NN 34823 4526 28 . . . 34823 4527 1 The the DT 34823 4527 2 study study NN 34823 4527 3 of of IN 34823 4527 4 the the DT 34823 4527 5 functions function NNS 34823 4527 6 of of IN 34823 4527 7 money money NN 34823 4527 8 , , , 34823 4527 9 in in IN 34823 4527 10 relation relation NN 34823 4527 11 to to IN 34823 4527 12 its -PRON- PRP$ 34823 4527 13 value value NN 34823 4527 14 , , , 34823 4527 15 will will MD 34823 4527 16 best best RB 34823 4527 17 be be VB 34823 4527 18 approached approach VBN 34823 4527 19 , , , 34823 4527 20 I -PRON- PRP 34823 4527 21 think think VBP 34823 4527 22 , , , 34823 4527 23 through through IN 34823 4527 24 a a DT 34823 4527 25 study study NN 34823 4527 26 of of IN 34823 4527 27 the the DT 34823 4527 28 origin origin NN 34823 4527 29 of of IN 34823 4527 30 money money NN 34823 4527 31 . . . 34823 4528 1 In in IN 34823 4528 2 this this DT 34823 4528 3 , , , 34823 4528 4 I -PRON- PRP 34823 4528 5 shall shall MD 34823 4528 6 base base VB 34823 4528 7 my -PRON- PRP$ 34823 4528 8 conclusions conclusion NNS 34823 4528 9 chiefly chiefly RB 34823 4528 10 on on IN 34823 4528 11 the the DT 34823 4528 12 work work NN 34823 4528 13 of of IN 34823 4528 14 Karl Karl NNP 34823 4528 15 Menger Menger NNP 34823 4528 16 and and CC 34823 4528 17 W. W. NNP 34823 4528 18 W. W. NNP 34823 4528 19 Carlile Carlile NNP 34823 4528 20 , , , 34823 4528 21 who who WP 34823 4528 22 seem seem VBP 34823 4528 23 to to IN 34823 4528 24 me -PRON- PRP 34823 4528 25 to to TO 34823 4528 26 have have VB 34823 4528 27 done do VBN 34823 4528 28 most most RBS 34823 4528 29 in in IN 34823 4528 30 this this DT 34823 4528 31 field field NN 34823 4528 32 . . . 34823 4529 1 On on IN 34823 4529 2 the the DT 34823 4529 3 basis basis NN 34823 4529 4 of of IN 34823 4529 5 the the DT 34823 4529 6 general general JJ 34823 4529 7 theory theory NN 34823 4529 8 of of IN 34823 4529 9 value value NN 34823 4529 10 developed develop VBN 34823 4529 11 in in IN 34823 4529 12 the the DT 34823 4529 13 first first JJ 34823 4529 14 chapter chapter NN 34823 4529 15 , , , 34823 4529 16 and and CC 34823 4529 17 the the DT 34823 4529 18 results result NNS 34823 4529 19 of of IN 34823 4529 20 the the DT 34823 4529 21 two two CD 34823 4529 22 chapters chapter NNS 34823 4529 23 which which WDT 34823 4529 24 are be VBP 34823 4529 25 to to TO 34823 4529 26 follow follow VB 34823 4529 27 on on IN 34823 4529 28 the the DT 34823 4529 29 origin origin NN 34823 4529 30 and and CC 34823 4529 31 functions function NNS 34823 4529 32 of of IN 34823 4529 33 money money NN 34823 4529 34 , , , 34823 4529 35 I -PRON- PRP 34823 4529 36 shall shall MD 34823 4529 37 reach reach VB 34823 4529 38 my -PRON- PRP$ 34823 4529 39 main main JJ 34823 4529 40 conclusions conclusion NNS 34823 4529 41 as as IN 34823 4529 42 to to IN 34823 4529 43 the the DT 34823 4529 44 laws law NNS 34823 4529 45 of of IN 34823 4529 46 the the DT 34823 4529 47 value value NN 34823 4529 48 of of IN 34823 4529 49 money money NN 34823 4529 50 . . . 34823 4530 1 On on IN 34823 4530 2 the the DT 34823 4530 3 basis basis NN 34823 4530 4 of of IN 34823 4530 5 this this DT 34823 4530 6 theory theory NN 34823 4530 7 of of IN 34823 4530 8 value value NN 34823 4530 9 , , , 34823 4530 10 and and CC 34823 4530 11 of of IN 34823 4530 12 the the DT 34823 4530 13 theory theory NN 34823 4530 14 of of IN 34823 4530 15 the the DT 34823 4530 16 functions function NNS 34823 4530 17 of of IN 34823 4530 18 money money NN 34823 4530 19 , , , 34823 4530 20 I -PRON- PRP 34823 4530 21 shall shall MD 34823 4530 22 also also RB 34823 4530 23 try try VB 34823 4530 24 to to TO 34823 4530 25 develop develop VB 34823 4530 26 a a DT 34823 4530 27 psychological psychological JJ 34823 4530 28 theory theory NN 34823 4530 29 of of IN 34823 4530 30 credit credit NN 34823 4530 31 , , , 34823 4530 32 and and CC 34823 4530 33 to to TO 34823 4530 34 assimilate assimilate VB 34823 4530 35 credit credit NN 34823 4530 36 phenomena phenomenon NNS 34823 4530 37 to to IN 34823 4530 38 the the DT 34823 4530 39 general general JJ 34823 4530 40 phenomena phenomena NN 34823 4530 41 of of IN 34823 4530 42 value value NN 34823 4530 43 . . . 34823 4531 1 The the DT 34823 4531 2 development development NN 34823 4531 3 which which WDT 34823 4531 4 the the DT 34823 4531 5 theory theory NN 34823 4531 6 of of IN 34823 4531 7 credit credit NN 34823 4531 8 has have VBZ 34823 4531 9 had have VBN 34823 4531 10 , , , 34823 4531 11 at at IN 34823 4531 12 the the DT 34823 4531 13 hands hand NNS 34823 4531 14 of of IN 34823 4531 15 men man NNS 34823 4531 16 whose whose WP$ 34823 4531 17 chief chief JJ 34823 4531 18 interest interest NN 34823 4531 19 was be VBD 34823 4531 20 that that DT 34823 4531 21 of of IN 34823 4531 22 the the DT 34823 4531 23 jurist jurist NN 34823 4531 24 or or CC 34823 4531 25 accountant accountant NN 34823 4531 26 , , , 34823 4531 27 is be VBZ 34823 4531 28 valuable valuable JJ 34823 4531 29 and and CC 34823 4531 30 important important JJ 34823 4531 31 . . . 34823 4532 1 I -PRON- PRP 34823 4532 2 do do VBP 34823 4532 3 not not RB 34823 4532 4 wish wish VB 34823 4532 5 to to TO 34823 4532 6 discredit discredit VB 34823 4532 7 what what WP 34823 4532 8 has have VBZ 34823 4532 9 been be VBN 34823 4532 10 done do VBN 34823 4532 11 . . . 34823 4533 1 Many many JJ 34823 4533 2 important important JJ 34823 4533 3 doctrines doctrine NNS 34823 4533 4 concerning concern VBG 34823 4533 5 credit credit NN 34823 4533 6 have have VBP 34823 4533 7 been be VBN 34823 4533 8 developed develop VBN 34823 4533 9 . . . 34823 4534 1 The the DT 34823 4534 2 general general JJ 34823 4534 3 theory theory NN 34823 4534 4 of of IN 34823 4534 5 elastic elastic JJ 34823 4534 6 bank bank NN 34823 4534 7 - - HYPH 34823 4534 8 credit credit NN 34823 4534 9 , , , 34823 4534 10 worked work VBD 34823 4534 11 out out RP 34823 4534 12 in in IN 34823 4534 13 the the DT 34823 4534 14 controversy controversy NN 34823 4534 15 between between IN 34823 4534 16 the the DT 34823 4534 17 " " `` 34823 4534 18 Currency Currency NNP 34823 4534 19 " " '' 34823 4534 20 and and CC 34823 4534 21 the the DT 34823 4534 22 " " `` 34823 4534 23 Banking Banking NNP 34823 4534 24 " " '' 34823 4534 25 Schools Schools NNP 34823 4534 26 , , , 34823 4534 27 is be VBZ 34823 4534 28 of of IN 34823 4534 29 the the DT 34823 4534 30 highest high JJS 34823 4534 31 importance importance NN 34823 4534 32 . . . 34823 4535 1 This this DT 34823 4535 2 theory theory NN 34823 4535 3 I -PRON- PRP 34823 4535 4 have have VBP 34823 4535 5 discussed discuss VBN 34823 4535 6 in in IN 34823 4535 7 the the DT 34823 4535 8 chapter chapter NN 34823 4535 9 on on IN 34823 4535 10 " " `` 34823 4535 11 The the DT 34823 4535 12 Volume Volume NNP 34823 4535 13 of of IN 34823 4535 14 Trade Trade NNP 34823 4535 15 and and CC 34823 4535 16 the the DT 34823 4535 17 Volume Volume NNP 34823 4535 18 of of IN 34823 4535 19 Money Money NNP 34823 4535 20 and and CC 34823 4535 21 Credit Credit NNP 34823 4535 22 . . . 34823 4535 23 " " '' 34823 4536 1 I -PRON- PRP 34823 4536 2 still still RB 34823 4536 3 feel feel VBP 34823 4536 4 , , , 34823 4536 5 however however RB 34823 4536 6 , , , 34823 4536 7 that that IN 34823 4536 8 there there EX 34823 4536 9 are be VBP 34823 4536 10 gaps gap NNS 34823 4536 11 in in IN 34823 4536 12 the the DT 34823 4536 13 prevailing prevail VBG 34823 4536 14 ideas idea NNS 34823 4536 15 on on IN 34823 4536 16 credit credit NN 34823 4536 17 which which WDT 34823 4536 18 only only RB 34823 4536 19 a a DT 34823 4536 20 social social JJ 34823 4536 21 psychology psychology NN 34823 4536 22 can can MD 34823 4536 23 fill fill VB 34823 4536 24 . . . 34823 4537 1 I -PRON- PRP 34823 4537 2 shall shall MD 34823 4537 3 undertake undertake VB 34823 4537 4 to to TO 34823 4537 5 construe construe VB 34823 4537 6 credit credit NN 34823 4537 7 as as IN 34823 4537 8 a a DT 34823 4537 9 part part NN 34823 4537 10 of of IN 34823 4537 11 the the DT 34823 4537 12 social social JJ 34823 4537 13 system system NN 34823 4537 14 of of IN 34823 4537 15 motivation motivation NN 34823 4537 16 and and CC 34823 4537 17 control control NN 34823 4537 18 , , , 34823 4537 19 and and CC 34823 4537 20 to to TO 34823 4537 21 differentiate differentiate VB 34823 4537 22 it -PRON- PRP 34823 4537 23 from from IN 34823 4537 24 other other JJ 34823 4537 25 parts part NNS 34823 4537 26 of of IN 34823 4537 27 that that DT 34823 4537 28 system system NN 34823 4537 29 by by IN 34823 4537 30 an an DT 34823 4537 31 analysis analysis NN 34823 4537 32 of of IN 34823 4537 33 its -PRON- PRP$ 34823 4537 34 functions function NNS 34823 4537 35 . . . 34823 4538 1 I -PRON- PRP 34823 4538 2 think think VBP 34823 4538 3 , , , 34823 4538 4 too too RB 34823 4538 5 , , , 34823 4538 6 that that IN 34823 4538 7 the the DT 34823 4538 8 theory theory NN 34823 4538 9 of of IN 34823 4538 10 the the DT 34823 4538 11 relation relation NN 34823 4538 12 of of IN 34823 4538 13 credit credit NN 34823 4538 14 and and CC 34823 4538 15 money money NN 34823 4538 16 is be VBZ 34823 4538 17 in in IN 34823 4538 18 especially especially RB 34823 4538 19 unsatisfactory unsatisfactory JJ 34823 4538 20 shape shape NN 34823 4538 21 , , , 34823 4538 22 particularly particularly RB 34823 4538 23 with with IN 34823 4538 24 reference reference NN 34823 4538 25 to to IN 34823 4538 26 the the DT 34823 4538 27 factors factor NNS 34823 4538 28 governing govern VBG 34823 4538 29 reserves reserve NNS 34823 4538 30 . . . 34823 4539 1 A a DT 34823 4539 2 final final JJ 34823 4539 3 chapter chapter NN 34823 4539 4 , , , 34823 4539 5 in in IN 34823 4539 6 Part Part NNP 34823 4539 7 IV IV NNP 34823 4539 8 , , , 34823 4539 9 will will MD 34823 4539 10 undertake undertake VB 34823 4539 11 to to TO 34823 4539 12 bring bring VB 34823 4539 13 together together RB 34823 4539 14 the the DT 34823 4539 15 various various JJ 34823 4539 16 points point NNS 34823 4539 17 in in IN 34823 4539 18 our -PRON- PRP$ 34823 4539 19 discussion discussion NN 34823 4539 20 which which WDT 34823 4539 21 deal deal VBP 34823 4539 22 with with IN 34823 4539 23 the the DT 34823 4539 24 theory theory NN 34823 4539 25 of of IN 34823 4539 26 prosperity prosperity NN 34823 4539 27 , , , 34823 4539 28 and and CC 34823 4539 29 will will MD 34823 4539 30 seek seek VB 34823 4539 31 to to TO 34823 4539 32 bring bring VB 34823 4539 33 the the DT 34823 4539 34 notions notion NNS 34823 4539 35 of of IN 34823 4539 36 " " `` 34823 4539 37 theory theory NN 34823 4539 38 of of IN 34823 4539 39 prosperity prosperity NN 34823 4539 40 _ _ NNP 34823 4539 41 vs. vs. IN 34823 4539 42 _ _ NNP 34823 4539 43 theory theory NN 34823 4539 44 of of IN 34823 4539 45 wealth wealth NN 34823 4539 46 , , , 34823 4539 47 " " '' 34823 4539 48 " " '' 34823 4539 49 statics statics NNP 34823 4539 50 _ _ NNP 34823 4539 51 vs. vs. IN 34823 4539 52 _ _ NNP 34823 4539 53 dynamics dynamic NNS 34823 4539 54 , , , 34823 4539 55 " " '' 34823 4539 56 " " `` 34823 4539 57 normal normal JJ 34823 4539 58 _ _ NNP 34823 4539 59 vs. vs. IN 34823 4539 60 _ _ NNP 34823 4539 61 transitional transitional JJ 34823 4539 62 tendencies tendency NNS 34823 4539 63 , , , 34823 4539 64 " " '' 34823 4539 65 and and CC 34823 4539 66 certain certain JJ 34823 4539 67 other other JJ 34823 4539 68 similar similar JJ 34823 4539 69 contrasts contrast NNS 34823 4539 70 , , , 34823 4539 71 into into IN 34823 4539 72 a a DT 34823 4539 73 higher high JJR 34823 4539 74 synthesis synthesis NN 34823 4539 75 , , , 34823 4539 76 which which WDT 34823 4539 77 will will MD 34823 4539 78 , , , 34823 4539 79 to to TO 34823 4539 80 be be VB 34823 4539 81 sure sure JJ 34823 4539 82 , , , 34823 4539 83 not not RB 34823 4539 84 rob rob VB 34823 4539 85 these these DT 34823 4539 86 contrasts contrast NNS 34823 4539 87 of of IN 34823 4539 88 their -PRON- PRP$ 34823 4539 89 significance significance NN 34823 4539 90 , , , 34823 4539 91 but but CC 34823 4539 92 will will MD 34823 4539 93 rather rather RB 34823 4539 94 find find VB 34823 4539 95 certain certain JJ 34823 4539 96 generic generic JJ 34823 4539 97 principles principle NNS 34823 4539 98 which which WDT 34823 4539 99 they -PRON- PRP 34823 4539 100 share share VBP 34823 4539 101 , , , 34823 4539 102 and and CC 34823 4539 103 so so RB 34823 4539 104 make make VB 34823 4539 105 it -PRON- PRP 34823 4539 106 possible possible JJ 34823 4539 107 to to TO 34823 4539 108 measure measure VB 34823 4539 109 considerations consideration NNS 34823 4539 110 in in IN 34823 4539 111 one one CD 34823 4539 112 sphere sphere NN 34823 4539 113 in in IN 34823 4539 114 terms term NNS 34823 4539 115 of of IN 34823 4539 116 considerations consideration NNS 34823 4539 117 in in IN 34823 4539 118 the the DT 34823 4539 119 other other JJ 34823 4539 120 sphere sphere NN 34823 4539 121 . . . 34823 4540 1 In in IN 34823 4540 2 very very RB 34823 4540 3 large large JJ 34823 4540 4 degree degree NN 34823 4540 5 , , , 34823 4540 6 students student NNS 34823 4540 7 of of IN 34823 4540 8 dynamics dynamic NNS 34823 4540 9 and and CC 34823 4540 10 students student NNS 34823 4540 11 of of IN 34823 4540 12 statics static NNS 34823 4540 13 have have VBP 34823 4540 14 been be VBN 34823 4540 15 talking talk VBG 34823 4540 16 at at IN 34823 4540 17 cross cross NN 34823 4540 18 - - NNS 34823 4540 19 purposes purpose NNS 34823 4540 20 , , , 34823 4540 21 missing miss VBG 34823 4540 22 the the DT 34823 4540 23 force force NN 34823 4540 24 of of IN 34823 4540 25 one one CD 34823 4540 26 another another DT 34823 4540 27 's 's POS 34823 4540 28 arguments argument NNS 34823 4540 29 , , , 34823 4540 30 and and CC 34823 4540 31 have have VBP 34823 4540 32 been be VBN 34823 4540 33 quite quite RB 34823 4540 34 unable unable JJ 34823 4540 35 , , , 34823 4540 36 even even RB 34823 4540 37 when when WRB 34823 4540 38 understanding understand VBG 34823 4540 39 one one CD 34823 4540 40 another another DT 34823 4540 41 , , , 34823 4540 42 to to TO 34823 4540 43 come come VB 34823 4540 44 to to IN 34823 4540 45 agreement agreement NN 34823 4540 46 , , , 34823 4540 47 precisely precisely RB 34823 4540 48 because because IN 34823 4540 49 they -PRON- PRP 34823 4540 50 have have VBP 34823 4540 51 lacked lack VBN 34823 4540 52 principles principle NNS 34823 4540 53 by by IN 34823 4540 54 means mean NNS 34823 4540 55 of of IN 34823 4540 56 which which WDT 34823 4540 57 they -PRON- PRP 34823 4540 58 could could MD 34823 4540 59 compare compare VB 34823 4540 60 in in IN 34823 4540 61 any any DT 34823 4540 62 quantitative quantitative JJ 34823 4540 63 way way NN 34823 4540 64 the the DT 34823 4540 65 forces force NNS 34823 4540 66 which which WDT 34823 4540 67 each each DT 34823 4540 68 studies study NNS 34823 4540 69 . . . 34823 4541 1 A a DT 34823 4541 2 higher high JJR 34823 4541 3 synthesis synthesis NN 34823 4541 4 , , , 34823 4541 5 which which WDT 34823 4541 6 would would MD 34823 4541 7 give give VB 34823 4541 8 static static JJ 34823 4541 9 and and CC 34823 4541 10 dynamic dynamic JJ 34823 4541 11 theories theory NNS 34823 4541 12 common common JJ 34823 4541 13 ground ground NN 34823 4541 14 , , , 34823 4541 15 would would MD 34823 4541 16 seem seem VB 34823 4541 17 to to TO 34823 4541 18 be be VB 34823 4541 19 a a DT 34823 4541 20 desideratum desideratum NN 34823 4541 21 of of IN 34823 4541 22 high high JJ 34823 4541 23 importance importance NN 34823 4541 24 . . . 34823 4542 1 Such such PDT 34823 4542 2 a a DT 34823 4542 3 synthesis synthesis NN 34823 4542 4 would would MD 34823 4542 5 go go VB 34823 4542 6 far far RB 34823 4542 7 toward toward IN 34823 4542 8 unifying unify VBG 34823 4542 9 the the DT 34823 4542 10 science science NN 34823 4542 11 of of IN 34823 4542 12 economics economic NNS 34823 4542 13 . . . 34823 4543 1 I -PRON- PRP 34823 4543 2 believe believe VBP 34823 4543 3 that that IN 34823 4543 4 the the DT 34823 4543 5 theory theory NN 34823 4543 6 of of IN 34823 4543 7 money money NN 34823 4543 8 and and CC 34823 4543 9 credit credit NN 34823 4543 10 , , , 34823 4543 11 approached approach VBN 34823 4543 12 from from IN 34823 4543 13 the the DT 34823 4543 14 angle angle NN 34823 4543 15 of of IN 34823 4543 16 the the DT 34823 4543 17 social social JJ 34823 4543 18 value value NN 34823 4543 19 theory theory NN 34823 4543 20 , , , 34823 4543 21 will will MD 34823 4543 22 meet meet VB 34823 4543 23 this this DT 34823 4543 24 need need NN 34823 4543 25 . . . 34823 4544 1 CHAPTER chapter NN 34823 4544 2 XXI xxi VBP 34823 4544 3 THE the DT 34823 4544 4 ORIGIN origin NN 34823 4544 5 OF of IN 34823 4544 6 MONEY money NN 34823 4544 7 , , , 34823 4544 8 AND and CC 34823 4544 9 THE the DT 34823 4544 10 VALUE value NN 34823 4544 11 OF of IN 34823 4544 12 GOLD gold NN 34823 4544 13 This this DT 34823 4544 14 chapter chapter NN 34823 4544 15 is be VBZ 34823 4544 16 not not RB 34823 4544 17 concerned concerned JJ 34823 4544 18 with with IN 34823 4544 19 history history NN 34823 4544 20 or or CC 34823 4544 21 anthropology anthropology NN 34823 4544 22 for for IN 34823 4544 23 their -PRON- PRP$ 34823 4544 24 own own JJ 34823 4544 25 sake sake NN 34823 4544 26 . . . 34823 4545 1 The the DT 34823 4545 2 present present JJ 34823 4545 3 writer writer NN 34823 4545 4 has have VBZ 34823 4545 5 made make VBN 34823 4545 6 no no DT 34823 4545 7 independent independent JJ 34823 4545 8 historical historical JJ 34823 4545 9 or or CC 34823 4545 10 anthropological anthropological JJ 34823 4545 11 researches research NNS 34823 4545 12 , , , 34823 4545 13 in in IN 34823 4545 14 connection connection NN 34823 4545 15 with with IN 34823 4545 16 the the DT 34823 4545 17 question question NN 34823 4545 18 of of IN 34823 4545 19 the the DT 34823 4545 20 origin origin NN 34823 4545 21 of of IN 34823 4545 22 money money NN 34823 4545 23 . . . 34823 4546 1 The the DT 34823 4546 2 chapter chapter NN 34823 4546 3 is be VBZ 34823 4546 4 primarily primarily RB 34823 4546 5 concerned concerned JJ 34823 4546 6 with with IN 34823 4546 7 giving give VBG 34823 4546 8 an an DT 34823 4546 9 exposition exposition NN 34823 4546 10 of of IN 34823 4546 11 the the DT 34823 4546 12 theories theory NNS 34823 4546 13 of of IN 34823 4546 14 two two CD 34823 4546 15 writers writer NNS 34823 4546 16 , , , 34823 4546 17 Karl Karl NNP 34823 4546 18 Menger Menger NNP 34823 4546 19 and and CC 34823 4546 20 W. W. NNP 34823 4546 21 W. W. NNP 34823 4547 1 Carlile carlile NN 34823 4547 2 . . . 34823 4548 1 [ [ -LRB- 34823 4548 2 455 455 CD 34823 4548 3 ] ] -RRB- 34823 4548 4 It -PRON- PRP 34823 4548 5 is be VBZ 34823 4548 6 not not RB 34823 4548 7 important important JJ 34823 4548 8 , , , 34823 4548 9 for for IN 34823 4548 10 my -PRON- PRP$ 34823 4548 11 purposes purpose NNS 34823 4548 12 , , , 34823 4548 13 whether whether IN 34823 4548 14 either either DT 34823 4548 15 writer writer NN 34823 4548 16 has have VBZ 34823 4548 17 presented present VBN 34823 4548 18 a a DT 34823 4548 19 theory theory NN 34823 4548 20 which which WDT 34823 4548 21 anthropology anthropology NN 34823 4548 22 will will MD 34823 4548 23 accept accept VB 34823 4548 24 as as IN 34823 4548 25 a a DT 34823 4548 26 correct correct JJ 34823 4548 27 account account NN 34823 4548 28 of of IN 34823 4548 29 actual actual JJ 34823 4548 30 origins origin NNS 34823 4548 31 . . . 34823 4549 1 The the DT 34823 4549 2 theories theory NNS 34823 4549 3 do do VBP 34823 4549 4 throw throw VB 34823 4549 5 light light NN 34823 4549 6 on on IN 34823 4549 7 present present JJ 34823 4549 8 functioning functioning NN 34823 4549 9 , , , 34823 4549 10 and and CC 34823 4549 11 seem seem VB 34823 4549 12 to to IN 34823 4549 13 me -PRON- PRP 34823 4549 14 to to TO 34823 4549 15 be be VB 34823 4549 16 correct correct JJ 34823 4549 17 as as IN 34823 4549 18 analytical analytical JJ 34823 4549 19 theories theory NNS 34823 4549 20 , , , 34823 4549 21 whether whether IN 34823 4549 22 historically historically RB 34823 4549 23 adequate adequate JJ 34823 4549 24 or or CC 34823 4549 25 not not RB 34823 4549 26 . . . 34823 4550 1 There there EX 34823 4550 2 are be VBP 34823 4550 3 two two CD 34823 4550 4 main main JJ 34823 4550 5 questions question NNS 34823 4550 6 with with IN 34823 4550 7 which which WDT 34823 4550 8 the the DT 34823 4550 9 chapter chapter NN 34823 4550 10 is be VBZ 34823 4550 11 concerned concern VBN 34823 4550 12 : : : 34823 4550 13 ( ( -LRB- 34823 4550 14 1 1 LS 34823 4550 15 ) ) -RRB- 34823 4550 16 How how WRB 34823 4550 17 did do VBD 34823 4550 18 money money NN 34823 4550 19 come come VB 34823 4550 20 to to TO 34823 4550 21 be be VB 34823 4550 22 ? ? . 34823 4551 1 ( ( -LRB- 34823 4551 2 2 2 LS 34823 4551 3 ) ) -RRB- 34823 4551 4 Why why WRB 34823 4551 5 should should MD 34823 4551 6 gold gold NN 34823 4551 7 and and CC 34823 4551 8 silver silver NN 34823 4551 9 have have VBP 34823 4551 10 passed pass VBN 34823 4551 11 all all DT 34823 4551 12 rival rival JJ 34823 4551 13 commodities commodity NNS 34823 4551 14 in in IN 34823 4551 15 the the DT 34823 4551 16 competition competition NN 34823 4551 17 for for IN 34823 4551 18 employment employment NN 34823 4551 19 as as IN 34823 4551 20 money money NN 34823 4551 21 ? ? . 34823 4552 1 Viewing view VBG 34823 4552 2 these these DT 34823 4552 3 questions question NNS 34823 4552 4 from from IN 34823 4552 5 the the DT 34823 4552 6 standpoint standpoint NN 34823 4552 7 of of IN 34823 4552 8 present present JJ 34823 4552 9 functioning functioning NN 34823 4552 10 , , , 34823 4552 11 rather rather RB 34823 4552 12 than than IN 34823 4552 13 from from IN 34823 4552 14 the the DT 34823 4552 15 standpoint standpoint NN 34823 4552 16 of of IN 34823 4552 17 historical historical JJ 34823 4552 18 origins origin NNS 34823 4552 19 , , , 34823 4552 20 we -PRON- PRP 34823 4552 21 may may MD 34823 4552 22 restate restate VB 34823 4552 23 them -PRON- PRP 34823 4552 24 as as IN 34823 4552 25 follows follow VBZ 34823 4552 26 : : : 34823 4552 27 ( ( -LRB- 34823 4552 28 1 1 LS 34823 4552 29 ) ) -RRB- 34823 4552 30 Why why WRB 34823 4552 31 should should MD 34823 4552 32 men man NNS 34823 4552 33 accept accept VB 34823 4552 34 small small JJ 34823 4552 35 disks disk NNS 34823 4552 36 of of IN 34823 4552 37 metal metal NN 34823 4552 38 , , , 34823 4552 39 or or CC 34823 4552 40 paper paper NN 34823 4552 41 representatives representative NNS 34823 4552 42 of of IN 34823 4552 43 these these DT 34823 4552 44 metal metal NN 34823 4552 45 disks disk NNS 34823 4552 46 , , , 34823 4552 47 for for IN 34823 4552 48 which which WDT 34823 4552 49 , , , 34823 4552 50 _ _ NNP 34823 4552 51 as as IN 34823 4552 52 _ _ NNP 34823 4552 53 metal metal NN 34823 4552 54 , , , 34823 4552 55 they -PRON- PRP 34823 4552 56 have have VBP 34823 4552 57 no no DT 34823 4552 58 use use NN 34823 4552 59 , , , 34823 4552 60 or or CC 34823 4552 61 at at IN 34823 4552 62 all all DT 34823 4552 63 events event NNS 34823 4552 64 far far RB 34823 4552 65 in in IN 34823 4552 66 excess excess NN 34823 4552 67 of of IN 34823 4552 68 the the DT 34823 4552 69 amount amount NN 34823 4552 70 which which WDT 34823 4552 71 they -PRON- PRP 34823 4552 72 can can MD 34823 4552 73 make make VB 34823 4552 74 use use NN 34823 4552 75 of of IN 34823 4552 76 as as IN 34823 4552 77 metal metal NN 34823 4552 78 , , , 34823 4552 79 in in IN 34823 4552 80 return return NN 34823 4552 81 for for IN 34823 4552 82 economic economic JJ 34823 4552 83 commodities commodity NNS 34823 4552 84 which which WDT 34823 4552 85 they -PRON- PRP 34823 4552 86 can can MD 34823 4552 87 use use VB 34823 4552 88 ? ? . 34823 4553 1 The the DT 34823 4553 2 social social JJ 34823 4553 3 utility utility NN 34823 4553 4 of of IN 34823 4553 5 a a DT 34823 4553 6 money money NN 34823 4553 7 economy economy NN 34823 4553 8 may may MD 34823 4553 9 well well RB 34823 4553 10 be be VB 34823 4553 11 granted grant VBN 34823 4553 12 , , , 34823 4553 13 without without IN 34823 4553 14 giving give VBG 34823 4553 15 an an DT 34823 4553 16 answer answer NN 34823 4553 17 to to IN 34823 4553 18 this this DT 34823 4553 19 question question NN 34823 4553 20 . . . 34823 4554 1 Granting grant VBG 34823 4554 2 that that DT 34823 4554 3 social social JJ 34823 4554 4 economic economic JJ 34823 4554 5 life life NN 34823 4554 6 works work VBZ 34823 4554 7 better well RBR 34823 4554 8 by by IN 34823 4554 9 far far RB 34823 4554 10 when when WRB 34823 4554 11 men man NNS 34823 4554 12 do do VBP 34823 4554 13 accept accept VB 34823 4554 14 these these DT 34823 4554 15 disks disk NNS 34823 4554 16 of of IN 34823 4554 17 metal metal NN 34823 4554 18 in in IN 34823 4554 19 payments payment NNS 34823 4554 20 , , , 34823 4554 21 the the DT 34823 4554 22 question question NN 34823 4554 23 still still RB 34823 4554 24 remains remain VBZ 34823 4554 25 not not RB 34823 4554 26 merely merely RB 34823 4554 27 as as IN 34823 4554 28 to to IN 34823 4554 29 why why WRB 34823 4554 30 the the DT 34823 4554 31 practice practice NN 34823 4554 32 started start VBD 34823 4554 33 , , , 34823 4554 34 but but CC 34823 4554 35 also also RB 34823 4554 36 as as IN 34823 4554 37 to to IN 34823 4554 38 why why WRB 34823 4554 39 it -PRON- PRP 34823 4554 40 continues continue VBZ 34823 4554 41 . . . 34823 4555 1 Granted grant VBN 34823 4555 2 that that IN 34823 4555 3 it -PRON- PRP 34823 4555 4 is be VBZ 34823 4555 5 to to IN 34823 4555 6 the the DT 34823 4555 7 individual individual NN 34823 4555 8 , , , 34823 4555 9 as as RB 34823 4555 10 well well RB 34823 4555 11 as as IN 34823 4555 12 to to IN 34823 4555 13 the the DT 34823 4555 14 social social JJ 34823 4555 15 advantage advantage NN 34823 4555 16 , , , 34823 4555 17 that that IN 34823 4555 18 each each DT 34823 4555 19 individual individual NN 34823 4555 20 should should MD 34823 4555 21 accept accept VB 34823 4555 22 these these DT 34823 4555 23 metal metal NN 34823 4555 24 disks disk NNS 34823 4555 25 in in IN 34823 4555 26 excess excess NN 34823 4555 27 of of IN 34823 4555 28 his -PRON- PRP$ 34823 4555 29 personal personal JJ 34823 4555 30 need need NN 34823 4555 31 for for IN 34823 4555 32 the the DT 34823 4555 33 metal metal NN 34823 4555 34 , , , 34823 4555 35 _ _ NNP 34823 4555 36 if if IN 34823 4555 37 he -PRON- PRP 34823 4555 38 is be VBZ 34823 4555 39 assured assure VBN 34823 4555 40 that that IN 34823 4555 41 he -PRON- PRP 34823 4555 42 can can MD 34823 4555 43 pass pass VB 34823 4555 44 them -PRON- PRP 34823 4555 45 on on RP 34823 4555 46 to to IN 34823 4555 47 others other NNS 34823 4555 48 at at IN 34823 4555 49 will will NNP 34823 4555 50 _ _ NNP 34823 4555 51 in in IN 34823 4555 52 return return NN 34823 4555 53 for for IN 34823 4555 54 the the DT 34823 4555 55 goods good NNS 34823 4555 56 he -PRON- PRP 34823 4555 57 wishes wish VBZ 34823 4555 58 to to TO 34823 4555 59 consume consume VB 34823 4555 60 , , , 34823 4555 61 the the DT 34823 4555 62 question question NN 34823 4555 63 still still RB 34823 4555 64 remains remain VBZ 34823 4555 65 as as IN 34823 4555 66 to to IN 34823 4555 67 why why WRB 34823 4555 68 the the DT 34823 4555 69 individual individual NN 34823 4555 70 should should MD 34823 4555 71 have have VB 34823 4555 72 this this DT 34823 4555 73 assurance assurance NN 34823 4555 74 , , , 34823 4555 75 as as IN 34823 4555 76 to to IN 34823 4555 77 why why WRB 34823 4555 78 the the DT 34823 4555 79 general general JJ 34823 4555 80 practice practice NN 34823 4555 81 should should MD 34823 4555 82 continue continue VB 34823 4555 83 . . . 34823 4556 1 Menger Menger NNP 34823 4556 2 quotes quote VBZ 34823 4556 3 Savigny Savigny NNP 34823 4556 4 as as IN 34823 4556 5 holding hold VBG 34823 4556 6 that that IN 34823 4556 7 the the DT 34823 4556 8 thing thing NN 34823 4556 9 is be VBZ 34823 4556 10 downright downright JJ 34823 4556 11 " " `` 34823 4556 12 mysterious mysterious JJ 34823 4556 13 , , , 34823 4556 14 " " '' 34823 4556 15 and and CC 34823 4556 16 the the DT 34823 4556 17 Aristotelian aristotelian JJ 34823 4556 18 answer answer NN 34823 4556 19 of of IN 34823 4556 20 social social JJ 34823 4556 21 convention convention NN 34823 4556 22 ( ( -LRB- 34823 4556 23 sometimes sometimes RB 34823 4556 24 interpreted interpret VBN 34823 4556 25 as as IN 34823 4556 26 " " `` 34823 4556 27 social social JJ 34823 4556 28 contract contract NN 34823 4556 29 " " '' 34823 4556 30 ) ) -RRB- 34823 4556 31 is be VBZ 34823 4556 32 , , , 34823 4556 33 in in IN 34823 4556 34 effect effect NN 34823 4556 35 , , , 34823 4556 36 a a DT 34823 4556 37 confession confession NN 34823 4556 38 that that WDT 34823 4556 39 the the DT 34823 4556 40 thing thing NN 34823 4556 41 does do VBZ 34823 4556 42 baffle baffle VB 34823 4556 43 explanation explanation NN 34823 4556 44 on on IN 34823 4556 45 the the DT 34823 4556 46 ordinarily ordinarily RB 34823 4556 47 understood understand VBD 34823 4556 48 laws law NNS 34823 4556 49 of of IN 34823 4556 50 exchange exchange NN 34823 4556 51 . . . 34823 4557 1 The the DT 34823 4557 2 convergence convergence NN 34823 4557 3 of of IN 34823 4557 4 individual individual JJ 34823 4557 5 and and CC 34823 4557 6 social social JJ 34823 4557 7 advantage advantage NN 34823 4557 8 , , , 34823 4557 9 which which WDT 34823 4557 10 English english JJ 34823 4557 11 economic economic JJ 34823 4557 12 theory theory NN 34823 4557 13 has have VBZ 34823 4557 14 done do VBN 34823 4557 15 so so RB 34823 4557 16 much much JJ 34823 4557 17 to to TO 34823 4557 18 emphasize emphasize VB 34823 4557 19 , , , 34823 4557 20 is be VBZ 34823 4557 21 less less RBR 34823 4557 22 clear clear JJ 34823 4557 23 by by RB 34823 4557 24 far far RB 34823 4557 25 in in IN 34823 4557 26 connection connection NN 34823 4557 27 with with IN 34823 4557 28 money money NN 34823 4557 29 than than IN 34823 4557 30 with with IN 34823 4557 31 the the DT 34823 4557 32 case case NN 34823 4557 33 where where WRB 34823 4557 34 A a DT 34823 4557 35 trades trade VBZ 34823 4557 36 a a DT 34823 4557 37 sheep sheep NN 34823 4557 38 ( ( -LRB- 34823 4557 39 of of IN 34823 4557 40 which which WDT 34823 4557 41 he -PRON- PRP 34823 4557 42 has have VBZ 34823 4557 43 a a DT 34823 4557 44 surplus surplus NN 34823 4557 45 ) ) -RRB- 34823 4557 46 to to IN 34823 4557 47 B b NN 34823 4557 48 for for IN 34823 4557 49 a a DT 34823 4557 50 quantity quantity NN 34823 4557 51 of of IN 34823 4557 52 grain grain NN 34823 4557 53 ( ( -LRB- 34823 4557 54 of of IN 34823 4557 55 which which WDT 34823 4557 56 B B NNP 34823 4557 57 has have VBZ 34823 4557 58 a a DT 34823 4557 59 surplus surplus NN 34823 4557 60 ) ) -RRB- 34823 4557 61 , , , 34823 4557 62 while while IN 34823 4557 63 A a DT 34823 4557 64 has have VBZ 34823 4557 65 not not RB 34823 4557 66 enough enough JJ 34823 4557 67 grain grain NN 34823 4557 68 , , , 34823 4557 69 and and CC 34823 4557 70 B B NNP 34823 4557 71 has have VBZ 34823 4557 72 not not RB 34823 4557 73 enough enough JJ 34823 4557 74 sheep sheep NN 34823 4557 75 . . . 34823 4558 1 This this DT 34823 4558 2 exchange exchange NN 34823 4558 3 is be VBZ 34823 4558 4 clearly clearly RB 34823 4558 5 to to IN 34823 4558 6 the the DT 34823 4558 7 advantage advantage NN 34823 4558 8 of of IN 34823 4558 9 both both CC 34823 4558 10 A a NN 34823 4558 11 and and CC 34823 4558 12 B b NN 34823 4558 13 , , , 34823 4558 14 and and CC 34823 4558 15 the the DT 34823 4558 16 practice practice NN 34823 4558 17 of of IN 34823 4558 18 making make VBG 34823 4558 19 such such JJ 34823 4558 20 exchanges exchange NNS 34823 4558 21 is be VBZ 34823 4558 22 clearly clearly RB 34823 4558 23 to to IN 34823 4558 24 the the DT 34823 4558 25 general general JJ 34823 4558 26 advantage advantage NN 34823 4558 27 . . . 34823 4559 1 But but CC 34823 4559 2 in in IN 34823 4559 3 the the DT 34823 4559 4 case case NN 34823 4559 5 of of IN 34823 4559 6 money money NN 34823 4559 7 , , , 34823 4559 8 A a DT 34823 4559 9 trades trade NNS 34823 4559 10 sheep sheep NN 34823 4559 11 ( ( -LRB- 34823 4559 12 of of IN 34823 4559 13 which which WDT 34823 4559 14 he -PRON- PRP 34823 4559 15 may may MD 34823 4559 16 not not RB 34823 4559 17 have have VB 34823 4559 18 an an DT 34823 4559 19 excess excess NN 34823 4559 20 , , , 34823 4559 21 so so RB 34823 4559 22 far far RB 34823 4559 23 as as IN 34823 4559 24 his -PRON- PRP$ 34823 4559 25 capacity capacity NN 34823 4559 26 to to TO 34823 4559 27 consume consume VB 34823 4559 28 is be VBZ 34823 4559 29 concerned concern VBN 34823 4559 30 ) ) -RRB- 34823 4559 31 for for IN 34823 4559 32 disks disk NNS 34823 4559 33 of of IN 34823 4559 34 metal metal NN 34823 4559 35 which which WDT 34823 4559 36 he -PRON- PRP 34823 4559 37 probably probably RB 34823 4559 38 does do VBZ 34823 4559 39 not not RB 34823 4559 40 intend intend VB 34823 4559 41 to to TO 34823 4559 42 consume consume VB 34823 4559 43 at at RB 34823 4559 44 all all RB 34823 4559 45 . . . 34823 4560 1 The the DT 34823 4560 2 social social JJ 34823 4560 3 advantage advantage NN 34823 4560 4 of of IN 34823 4560 5 a a DT 34823 4560 6 general general JJ 34823 4560 7 practice practice NN 34823 4560 8 of of IN 34823 4560 9 the the DT 34823 4560 10 sort sort NN 34823 4560 11 is be VBZ 34823 4560 12 easily easily RB 34823 4560 13 established establish VBN 34823 4560 14 , , , 34823 4560 15 but but CC 34823 4560 16 it -PRON- PRP 34823 4560 17 is be VBZ 34823 4560 18 not not RB 34823 4560 19 clear clear JJ 34823 4560 20 that that IN 34823 4560 21 it -PRON- PRP 34823 4560 22 is be VBZ 34823 4560 23 to to IN 34823 4560 24 A A NNP 34823 4560 25 's 's POS 34823 4560 26 advantage advantage NN 34823 4560 27 , , , 34823 4560 28 _ _ NNP 34823 4560 29 unless unless IN 34823 4560 30 we -PRON- PRP 34823 4560 31 assume assume VBP 34823 4560 32 the the DT 34823 4560 33 practice practice NN 34823 4560 34 general general JJ 34823 4560 35 _ _ NNP 34823 4560 36 . . . 34823 4561 1 But but CC 34823 4561 2 there there EX 34823 4561 3 are be VBP 34823 4561 4 many many JJ 34823 4561 5 practices practice NNS 34823 4561 6 which which WDT 34823 4561 7 could could MD 34823 4561 8 be be VB 34823 4561 9 shown show VBN 34823 4561 10 to to TO 34823 4561 11 be be VB 34823 4561 12 socially socially RB 34823 4561 13 advantageous advantageous JJ 34823 4561 14 if if IN 34823 4561 15 all all DT 34823 4561 16 men man NNS 34823 4561 17 practiced practice VBD 34823 4561 18 them -PRON- PRP 34823 4561 19 , , , 34823 4561 20 and and CC 34823 4561 21 , , , 34823 4561 22 indeed indeed RB 34823 4561 23 , , , 34823 4561 24 individually individually RB 34823 4561 25 advantageous advantageous JJ 34823 4561 26 , , , 34823 4561 27 if if IN 34823 4561 28 generally generally RB 34823 4561 29 practiced practice VBN 34823 4561 30 , , , 34823 4561 31 which which WDT 34823 4561 32 can can MD 34823 4561 33 , , , 34823 4561 34 none none NN 34823 4561 35 the the DT 34823 4561 36 less less RBR 34823 4561 37 , , , 34823 4561 38 not not RB 34823 4561 39 be be VB 34823 4561 40 made make VBN 34823 4561 41 a a DT 34823 4561 42 general general JJ 34823 4561 43 practice practice NN 34823 4561 44 . . . 34823 4562 1 If if IN 34823 4562 2 thieves thief NNS 34823 4562 3 would would MD 34823 4562 4 cease cease VB 34823 4562 5 stealing steal VBG 34823 4562 6 , , , 34823 4562 7 we -PRON- PRP 34823 4562 8 could could MD 34823 4562 9 dispense dispense VB 34823 4562 10 with with IN 34823 4562 11 a a DT 34823 4562 12 vast vast JJ 34823 4562 13 expense expense NN 34823 4562 14 now now RB 34823 4562 15 incurred incur VBN 34823 4562 16 in in IN 34823 4562 17 police police NN 34823 4562 18 and and CC 34823 4562 19 safe safe JJ 34823 4562 20 deposit deposit NN 34823 4562 21 vaults vault NNS 34823 4562 22 and and CC 34823 4562 23 heavy heavy JJ 34823 4562 24 locks lock NNS 34823 4562 25 , , , 34823 4562 26 etc etc FW 34823 4562 27 . . FW 34823 4562 28 , , , 34823 4562 29 and and CC 34823 4562 30 with with IN 34823 4562 31 a a DT 34823 4562 32 small small JJ 34823 4562 33 fraction fraction NN 34823 4562 34 of of IN 34823 4562 35 the the DT 34823 4562 36 savings saving NNS 34823 4562 37 could could MD 34823 4562 38 give give VB 34823 4562 39 pensions pension NNS 34823 4562 40 to to IN 34823 4562 41 the the DT 34823 4562 42 thieves thief NNS 34823 4562 43 which which WDT 34823 4562 44 would would MD 34823 4562 45 surpass surpass VB 34823 4562 46 by by IN 34823 4562 47 far far RB 34823 4562 48 their -PRON- PRP$ 34823 4562 49 present present JJ 34823 4562 50 incomes income NNS 34823 4562 51 ! ! . 34823 4563 1 Individual individual JJ 34823 4563 2 and and CC 34823 4563 3 social social JJ 34823 4563 4 advantage advantage NN 34823 4563 5 would would MD 34823 4563 6 converge converge VB 34823 4563 7 . . . 34823 4564 1 But but CC 34823 4564 2 for for IN 34823 4564 3 many many JJ 34823 4564 4 reasons reason NNS 34823 4564 5 the the DT 34823 4564 6 practice practice NN 34823 4564 7 could could MD 34823 4564 8 not not RB 34823 4564 9 be be VB 34823 4564 10 instituted institute VBN 34823 4564 11 , , , 34823 4564 12 and and CC 34823 4564 13 would would MD 34823 4564 14 break break VB 34823 4564 15 down down RP 34823 4564 16 quickly quickly RB 34823 4564 17 if if IN 34823 4564 18 instituted institute VBN 34823 4564 19 . . . 34823 4565 1 Very very RB 34823 4565 2 powerful powerful JJ 34823 4565 3 social social JJ 34823 4565 4 pressure pressure NN 34823 4565 5 indeed indeed RB 34823 4565 6 is be VBZ 34823 4565 7 needed need VBN 34823 4565 8 to to TO 34823 4565 9 make make VB 34823 4565 10 an an DT 34823 4565 11 advantageous advantageous JJ 34823 4565 12 social social JJ 34823 4565 13 institution institution NN 34823 4565 14 -- -- : 34823 4565 15 like like IN 34823 4565 16 morality morality NN 34823 4565 17 -- -- : 34823 4565 18 work work NN 34823 4565 19 , , , 34823 4565 20 so so RB 34823 4565 21 long long RB 34823 4565 22 as as IN 34823 4565 23 individuals individual NNS 34823 4565 24 sometimes sometimes RB 34823 4565 25 find find VBP 34823 4565 26 advantage advantage NN 34823 4565 27 in in IN 34823 4565 28 breaking break VBG 34823 4565 29 the the DT 34823 4565 30 general general JJ 34823 4565 31 practice practice NN 34823 4565 32 , , , 34823 4565 33 even even RB 34823 4565 34 though though IN 34823 4565 35 the the DT 34823 4565 36 general general JJ 34823 4565 37 practice practice NN 34823 4565 38 , , , 34823 4565 39 _ _ NNP 34823 4565 40 on on IN 34823 4565 41 the the DT 34823 4565 42 part part NN 34823 4565 43 of of IN 34823 4565 44 other other JJ 34823 4565 45 people people NNS 34823 4565 46 _ _ NNP 34823 4565 47 , , , 34823 4565 48 is be VBZ 34823 4565 49 of of IN 34823 4565 50 advantage advantage NN 34823 4565 51 to to IN 34823 4565 52 every every DT 34823 4565 53 individual individual NN 34823 4565 54 . . . 34823 4566 1 Now now RB 34823 4566 2 it -PRON- PRP 34823 4566 3 is be VBZ 34823 4566 4 clear clear JJ 34823 4566 5 that that IN 34823 4566 6 the the DT 34823 4566 7 institution institution NN 34823 4566 8 of of IN 34823 4566 9 money money NN 34823 4566 10 is be VBZ 34823 4566 11 to to IN 34823 4566 12 the the DT 34823 4566 13 social social JJ 34823 4566 14 advantage advantage NN 34823 4566 15 . . . 34823 4567 1 It -PRON- PRP 34823 4567 2 is be VBZ 34823 4567 3 clear clear JJ 34823 4567 4 that that IN 34823 4567 5 it -PRON- PRP 34823 4567 6 is be VBZ 34823 4567 7 to to IN 34823 4567 8 the the DT 34823 4567 9 advantage advantage NN 34823 4567 10 of of IN 34823 4567 11 every every DT 34823 4567 12 individual individual NN 34823 4567 13 who who WP 34823 4567 14 has have VBZ 34823 4567 15 money money NN 34823 4567 16 that that WDT 34823 4567 17 everyone everyone NN 34823 4567 18 else else RB 34823 4567 19 should should MD 34823 4567 20 be be VB 34823 4567 21 ready ready JJ 34823 4567 22 to to TO 34823 4567 23 accept accept VB 34823 4567 24 it -PRON- PRP 34823 4567 25 in in IN 34823 4567 26 unlimited unlimited JJ 34823 4567 27 amount amount NN 34823 4567 28 , , , 34823 4567 29 in in IN 34823 4567 30 return return NN 34823 4567 31 for for IN 34823 4567 32 his -PRON- PRP$ 34823 4567 33 goods good NNS 34823 4567 34 and and CC 34823 4567 35 services service NNS 34823 4567 36 . . . 34823 4568 1 But but CC 34823 4568 2 it -PRON- PRP 34823 4568 3 is be VBZ 34823 4568 4 not not RB 34823 4568 5 clear clear JJ 34823 4568 6 , , , 34823 4568 7 on on IN 34823 4568 8 the the DT 34823 4568 9 surface surface NN 34823 4568 10 , , , 34823 4568 11 why why WRB 34823 4568 12 everyone everyone NN 34823 4568 13 should should MD 34823 4568 14 be be VB 34823 4568 15 ready ready JJ 34823 4568 16 to to TO 34823 4568 17 take take VB 34823 4568 18 metal metal NN 34823 4568 19 disks disk NNS 34823 4568 20 in in IN 34823 4568 21 unlimited unlimited JJ 34823 4568 22 amount amount NN 34823 4568 23 in in IN 34823 4568 24 return return NN 34823 4568 25 for for IN 34823 4568 26 goods good NNS 34823 4568 27 and and CC 34823 4568 28 services service NNS 34823 4568 29 . . . 34823 4569 1 People People NNS 34823 4569 2 will will MD 34823 4569 3 not not RB 34823 4569 4 take take VB 34823 4569 5 coal coal NN 34823 4569 6 or or CC 34823 4569 7 horses horse NNS 34823 4569 8 or or CC 34823 4569 9 hay hay NN 34823 4569 10 or or CC 34823 4569 11 land land NN 34823 4569 12 or or CC 34823 4569 13 white white JJ 34823 4569 14 elephants elephant NNS 34823 4569 15 in in IN 34823 4569 16 unlimited unlimited JJ 34823 4569 17 amount amount NN 34823 4569 18 in in IN 34823 4569 19 return return NN 34823 4569 20 for for IN 34823 4569 21 goods good NNS 34823 4569 22 and and CC 34823 4569 23 services service NNS 34823 4569 24 . . . 34823 4570 1 Why why WRB 34823 4570 2 should should MD 34823 4570 3 there there EX 34823 4570 4 be be VB 34823 4570 5 such such PDT 34823 4570 6 a a DT 34823 4570 7 general general JJ 34823 4570 8 practice practice NN 34823 4570 9 regarding regard VBG 34823 4570 10 metal metal NN 34823 4570 11 disks disk NNS 34823 4570 12 or or CC 34823 4570 13 pieces piece NNS 34823 4570 14 of of IN 34823 4570 15 paper paper NN 34823 4570 16 ? ? . 34823 4571 1 This this DT 34823 4571 2 question question NN 34823 4571 3 , , , 34823 4571 4 to to IN 34823 4571 5 one one CD 34823 4571 6 who who WP 34823 4571 7 has have VBZ 34823 4571 8 always always RB 34823 4571 9 lived live VBN 34823 4571 10 in in IN 34823 4571 11 a a DT 34823 4571 12 money money NN 34823 4571 13 economy economy NN 34823 4571 14 , , , 34823 4571 15 may may MD 34823 4571 16 seem seem VB 34823 4571 17 childish childish JJ 34823 4571 18 . . . 34823 4572 1 Such such JJ 34823 4572 2 questions question NNS 34823 4572 3 regarding regard VBG 34823 4572 4 anything anything NN 34823 4572 5 to to TO 34823 4572 6 which which WDT 34823 4572 7 we -PRON- PRP 34823 4572 8 have have VBP 34823 4572 9 grown grow VBN 34823 4572 10 accustomed accustomed JJ 34823 4572 11 seem seem NN 34823 4572 12 childish childish JJ 34823 4572 13 to to IN 34823 4572 14 those those DT 34823 4572 15 who who WP 34823 4572 16 have have VBP 34823 4572 17 not not RB 34823 4572 18 been be VBN 34823 4572 19 used use VBN 34823 4572 20 to to IN 34823 4572 21 raising raise VBG 34823 4572 22 them -PRON- PRP 34823 4572 23 . . . 34823 4573 1 Why why WRB 34823 4573 2 does do VBZ 34823 4573 3 the the DT 34823 4573 4 sun sun NN 34823 4573 5 rise rise VB 34823 4573 6 ? ? . 34823 4574 1 Why why WRB 34823 4574 2 does do VBZ 34823 4574 3 seed seed NN 34823 4574 4 - - HYPH 34823 4574 5 corn corn NN 34823 4574 6 sprout sprout NN 34823 4574 7 ? ? . 34823 4575 1 But but CC 34823 4575 2 these these DT 34823 4575 3 also also RB 34823 4575 4 are be VBP 34823 4575 5 proper proper JJ 34823 4575 6 scientific scientific JJ 34823 4575 7 questions question NNS 34823 4575 8 , , , 34823 4575 9 the the DT 34823 4575 10 answer answer NN 34823 4575 11 to to TO 34823 4575 12 which which WDT 34823 4575 13 is be VBZ 34823 4575 14 of of IN 34823 4575 15 high high JJ 34823 4575 16 practical practical JJ 34823 4575 17 importance importance NN 34823 4575 18 ! ! . 34823 4576 1 The the DT 34823 4576 2 answer answer NN 34823 4576 3 to to IN 34823 4576 4 the the DT 34823 4576 5 question question NN 34823 4576 6 just just RB 34823 4576 7 raised raise VBD 34823 4576 8 regarding regard VBG 34823 4576 9 money money NN 34823 4576 10 will will MD 34823 4576 11 go go VB 34823 4576 12 far far RB 34823 4576 13 toward toward IN 34823 4576 14 explaining explain VBG 34823 4576 15 the the DT 34823 4576 16 functions function NNS 34823 4576 17 of of IN 34823 4576 18 money money NN 34823 4576 19 , , , 34823 4576 20 and and CC 34823 4576 21 the the DT 34823 4576 22 theory theory NN 34823 4576 23 of of IN 34823 4576 24 the the DT 34823 4576 25 functions function NNS 34823 4576 26 of of IN 34823 4576 27 money money NN 34823 4576 28 , , , 34823 4576 29 together together RB 34823 4576 30 with with IN 34823 4576 31 the the DT 34823 4576 32 general general JJ 34823 4576 33 theory theory NN 34823 4576 34 of of IN 34823 4576 35 social social JJ 34823 4576 36 value value NN 34823 4576 37 , , , 34823 4576 38 will will MD 34823 4576 39 give give VB 34823 4576 40 an an DT 34823 4576 41 answer answer NN 34823 4576 42 to to IN 34823 4576 43 the the DT 34823 4576 44 question question NN 34823 4576 45 as as IN 34823 4576 46 to to IN 34823 4576 47 _ _ NNP 34823 4576 48 how how WRB 34823 4576 49 the the DT 34823 4576 50 money money NN 34823 4576 51 function function NN 34823 4576 52 adds add VBZ 34823 4576 53 to to IN 34823 4576 54 the the DT 34823 4576 55 value value NN 34823 4576 56 of of IN 34823 4576 57 money money NN 34823 4576 58 _ _ NNP 34823 4576 59 . . . 34823 4577 1 The the DT 34823 4577 2 answer answer NN 34823 4577 3 which which WDT 34823 4577 4 I -PRON- PRP 34823 4577 5 shall shall MD 34823 4577 6 give give VB 34823 4577 7 on on IN 34823 4577 8 the the DT 34823 4577 9 first first JJ 34823 4577 10 question question NN 34823 4577 11 will will MD 34823 4577 12 in in IN 34823 4577 13 large large JJ 34823 4577 14 measure measure NN 34823 4577 15 follow follow VB 34823 4577 16 the the DT 34823 4577 17 lines line NNS 34823 4577 18 laid lay VBN 34823 4577 19 down down RP 34823 4577 20 by by IN 34823 4577 21 Menger Menger NNP 34823 4577 22 . . . 34823 4578 1 ( ( -LRB- 34823 4578 2 2 2 LS 34823 4578 3 ) ) -RRB- 34823 4578 4 The the DT 34823 4578 5 second second JJ 34823 4578 6 question question NN 34823 4578 7 needs need VBZ 34823 4578 8 little little JJ 34823 4578 9 revision revision NN 34823 4578 10 , , , 34823 4578 11 when when WRB 34823 4578 12 stated state VBN 34823 4578 13 from from IN 34823 4578 14 the the DT 34823 4578 15 standpoint standpoint NN 34823 4578 16 of of IN 34823 4578 17 present present JJ 34823 4578 18 functioning functioning NN 34823 4578 19 , , , 34823 4578 20 rather rather RB 34823 4578 21 than than IN 34823 4578 22 of of IN 34823 4578 23 historical historical JJ 34823 4578 24 origin origin NN 34823 4578 25 . . . 34823 4579 1 We -PRON- PRP 34823 4579 2 have have VBP 34823 4579 3 more more JJR 34823 4579 4 recent recent JJ 34823 4579 5 history history NN 34823 4579 6 to to TO 34823 4579 7 deal deal VB 34823 4579 8 with with IN 34823 4579 9 in in IN 34823 4579 10 connection connection NN 34823 4579 11 with with IN 34823 4579 12 this this DT 34823 4579 13 question question NN 34823 4579 14 , , , 34823 4579 15 and and CC 34823 4579 16 Carlile Carlile NNP 34823 4579 17 , , , 34823 4579 18 in in IN 34823 4579 19 his -PRON- PRP$ 34823 4579 20 answer answer NN 34823 4579 21 , , , 34823 4579 22 offers offer VBZ 34823 4579 23 substantial substantial JJ 34823 4579 24 historical historical JJ 34823 4579 25 and and CC 34823 4579 26 anthropological anthropological JJ 34823 4579 27 proofs proof NNS 34823 4579 28 . . . 34823 4580 1 It -PRON- PRP 34823 4580 2 is be VBZ 34823 4580 3 still still RB 34823 4580 4 , , , 34823 4580 5 however however RB 34823 4580 6 , , , 34823 4580 7 present present JJ 34823 4580 8 functioning functioning NN 34823 4580 9 that that WDT 34823 4580 10 is be VBZ 34823 4580 11 important important JJ 34823 4580 12 , , , 34823 4580 13 and and CC 34823 4580 14 the the DT 34823 4580 15 question question NN 34823 4580 16 may may MD 34823 4580 17 be be VB 34823 4580 18 restated restate VBN 34823 4580 19 thus thus RB 34823 4580 20 : : : 34823 4580 21 Why why WRB 34823 4580 22 are be VBP 34823 4580 23 gold gold NN 34823 4580 24 and and CC 34823 4580 25 silver silver NN 34823 4580 26 , , , 34823 4580 27 and and CC 34823 4580 28 particularly particularly RB 34823 4580 29 gold gold NN 34823 4580 30 , , , 34823 4580 31 the the DT 34823 4580 32 standard standard JJ 34823 4580 33 money money NN 34823 4580 34 of of IN 34823 4580 35 the the DT 34823 4580 36 great great JJ 34823 4580 37 part part NN 34823 4580 38 of of IN 34823 4580 39 the the DT 34823 4580 40 world world NN 34823 4580 41 to to IN 34823 4580 42 - - HYPH 34823 4580 43 day day NN 34823 4580 44 ? ? . 34823 4581 1 The the DT 34823 4581 2 principles principle NNS 34823 4581 3 of of IN 34823 4581 4 social social JJ 34823 4581 5 psychology psychology NN 34823 4581 6 which which WDT 34823 4581 7 Carlile Carlile NNP 34823 4581 8 employs employ VBZ 34823 4581 9 in in IN 34823 4581 10 explaining explain VBG 34823 4581 11 the the DT 34823 4581 12 historical historical JJ 34823 4581 13 development development NN 34823 4581 14 , , , 34823 4581 15 are be VBP 34823 4581 16 also also RB 34823 4581 17 important important JJ 34823 4581 18 in in IN 34823 4581 19 explaining explain VBG 34823 4581 20 the the DT 34823 4581 21 present present JJ 34823 4581 22 attitude attitude NN 34823 4581 23 of of IN 34823 4581 24 mankind mankind NN 34823 4581 25 toward toward IN 34823 4581 26 gold gold NN 34823 4581 27 and and CC 34823 4581 28 silver silver NN 34823 4581 29 , , , 34823 4581 30 and and CC 34823 4581 31 will will MD 34823 4581 32 serve serve VB 34823 4581 33 , , , 34823 4581 34 together together RB 34823 4581 35 with with IN 34823 4581 36 the the DT 34823 4581 37 general general JJ 34823 4581 38 theory theory NN 34823 4581 39 of of IN 34823 4581 40 social social JJ 34823 4581 41 value value NN 34823 4581 42 , , , 34823 4581 43 to to TO 34823 4581 44 answer answer VB 34823 4581 45 the the DT 34823 4581 46 question question NN 34823 4581 47 as as IN 34823 4581 48 to to IN 34823 4581 49 the the DT 34823 4581 50 value value NN 34823 4581 51 which which WDT 34823 4581 52 money money NN 34823 4581 53 receives receive VBZ 34823 4581 54 from from IN 34823 4581 55 the the DT 34823 4581 56 employment employment NN 34823 4581 57 of of IN 34823 4581 58 the the DT 34823 4581 59 money money NN 34823 4581 60 metal metal NN 34823 4581 61 _ _ NNP 34823 4581 62 as as IN 34823 4581 63 a a DT 34823 4581 64 commodity commodity NN 34823 4581 65 _ _ NN 34823 4581 66 . . . 34823 4582 1 It -PRON- PRP 34823 4582 2 is be VBZ 34823 4582 3 worthy worthy JJ 34823 4582 4 of of IN 34823 4582 5 note note NN 34823 4582 6 that that IN 34823 4582 7 neither neither DT 34823 4582 8 of of IN 34823 4582 9 these these DT 34823 4582 10 questions question NNS 34823 4582 11 has have VBZ 34823 4582 12 been be VBN 34823 4582 13 seriously seriously RB 34823 4582 14 raised raise VBN 34823 4582 15 or or CC 34823 4582 16 discussed discuss VBN 34823 4582 17 by by IN 34823 4582 18 most most JJS 34823 4582 19 recent recent JJ 34823 4582 20 writers writer NNS 34823 4582 21 of of IN 34823 4582 22 the the DT 34823 4582 23 quantity quantity NN 34823 4582 24 theory theory NN 34823 4582 25 type type NN 34823 4582 26 . . . 34823 4583 1 Professors professor NNS 34823 4583 2 Kemmerer[456 kemmerer[456 CD 34823 4583 3 ] ] -RRB- 34823 4583 4 and and CC 34823 4583 5 Fisher Fisher NNP 34823 4583 6 give give VBP 34823 4583 7 no no DT 34823 4583 8 attention attention NN 34823 4583 9 to to IN 34823 4583 10 them -PRON- PRP 34823 4583 11 at at RB 34823 4583 12 all all RB 34823 4583 13 . . . 34823 4584 1 Both both DT 34823 4584 2 assume assume VBP 34823 4584 3 money money NN 34823 4584 4 as as IN 34823 4584 5 circulating circulate VBG 34823 4584 6 , , , 34823 4584 7 as as IN 34823 4584 8 the the DT 34823 4584 9 starting starting NN 34823 4584 10 point point NN 34823 4584 11 of of IN 34823 4584 12 the the DT 34823 4584 13 argument argument NN 34823 4584 14 , , , 34823 4584 15 without without IN 34823 4584 16 noticing notice VBG 34823 4584 17 how how WRB 34823 4584 18 much much JJ 34823 4584 19 is be VBZ 34823 4584 20 involved involve VBN 34823 4584 21 in in IN 34823 4584 22 the the DT 34823 4584 23 assumption assumption NN 34823 4584 24 . . . 34823 4585 1 Neither neither DT 34823 4585 2 , , , 34823 4585 3 moreover moreover RB 34823 4585 4 , , , 34823 4585 5 gives give VBZ 34823 4585 6 an an DT 34823 4585 7 _ _ NNP 34823 4585 8 analysis analysis NN 34823 4585 9 _ _ NNP 34823 4585 10 of of IN 34823 4585 11 the the DT 34823 4585 12 functions function NNS 34823 4585 13 of of IN 34823 4585 14 money money NN 34823 4585 15 . . . 34823 4586 1 Considerations consideration NNS 34823 4586 2 drawn draw VBN 34823 4586 3 from from IN 34823 4586 4 the the DT 34823 4586 5 question question NN 34823 4586 6 as as IN 34823 4586 7 to to IN 34823 4586 8 the the DT 34823 4586 9 origin origin NN 34823 4586 10 and and CC 34823 4586 11 functions function NNS 34823 4586 12 of of IN 34823 4586 13 money money NN 34823 4586 14 are be VBP 34823 4586 15 hard hard JJ 34823 4586 16 to to TO 34823 4586 17 bring bring VB 34823 4586 18 into into IN 34823 4586 19 the the DT 34823 4586 20 quantity quantity NN 34823 4586 21 theory theory NN 34823 4586 22 scheme scheme NN 34823 4586 23 . . . 34823 4587 1 If if IN 34823 4587 2 money money NN 34823 4587 3 circulates circulate VBZ 34823 4587 4 , , , 34823 4587 5 there there EX 34823 4587 6 are be VBP 34823 4587 7 causes cause NNS 34823 4587 8 for for IN 34823 4587 9 it -PRON- PRP 34823 4587 10 . . . 34823 4588 1 Fully fully RB 34823 4588 2 to to TO 34823 4588 3 understand understand VB 34823 4588 4 those those DT 34823 4588 5 causes cause NNS 34823 4588 6 , , , 34823 4588 7 would would MD 34823 4588 8 be be VB 34823 4588 9 to to TO 34823 4588 10 understand understand VB 34823 4588 11 also also RB 34823 4588 12 the the DT 34823 4588 13 _ _ NNP 34823 4588 14 terms term NNS 34823 4588 15 _ _ NNP 34823 4588 16 on on IN 34823 4588 17 which which WDT 34823 4588 18 money money NN 34823 4588 19 circulates circulate NNS 34823 4588 20 , , , 34823 4588 21 that that DT 34823 4588 22 is be VBZ 34823 4588 23 to to TO 34823 4588 24 say say VB 34823 4588 25 , , , 34823 4588 26 the the DT 34823 4588 27 _ _ NNP 34823 4588 28 prices price NNS 34823 4588 29 _ _ NNP 34823 4588 30 . . . 34823 4589 1 But but CC 34823 4589 2 then then RB 34823 4589 3 a a DT 34823 4589 4 quantity quantity NN 34823 4589 5 theory theory NN 34823 4589 6 would would MD 34823 4589 7 be be VB 34823 4589 8 superfluous superfluous JJ 34823 4589 9 ! ! . 34823 4590 1 And and CC 34823 4590 2 if if IN 34823 4590 3 the the DT 34823 4590 4 quantity quantity NN 34823 4590 5 theory theory NN 34823 4590 6 answer answer NN 34823 4590 7 should should MD 34823 4590 8 not not RB 34823 4590 9 be be VB 34823 4590 10 obviously obviously RB 34823 4590 11 in in IN 34823 4590 12 harmony harmony NN 34823 4590 13 with with IN 34823 4590 14 the the DT 34823 4590 15 answer answer NN 34823 4590 16 already already RB 34823 4590 17 given give VBN 34823 4590 18 by by IN 34823 4590 19 the the DT 34823 4590 20 theory theory NN 34823 4590 21 of of IN 34823 4590 22 origin origin NN 34823 4590 23 and and CC 34823 4590 24 functions function NNS 34823 4590 25 , , , 34823 4590 26 then then RB 34823 4590 27 doubt doubt NN 34823 4590 28 would would MD 34823 4590 29 be be VB 34823 4590 30 cast cast VBN 34823 4590 31 on on IN 34823 4590 32 the the DT 34823 4590 33 quantity quantity NN 34823 4590 34 theory theory NN 34823 4590 35 explanation explanation NN 34823 4590 36 . . . 34823 4591 1 The the DT 34823 4591 2 quantity quantity NN 34823 4591 3 theorists theorist NNS 34823 4591 4 do do VBP 34823 4591 5 well well RB 34823 4591 6 to to TO 34823 4591 7 avoid avoid VB 34823 4591 8 mixing mix VBG 34823 4591 9 up up RP 34823 4591 10 with with IN 34823 4591 11 their -PRON- PRP$ 34823 4591 12 discussion discussion NN 34823 4591 13 considerations consideration NNS 34823 4591 14 drawn draw VBN 34823 4591 15 from from IN 34823 4591 16 the the DT 34823 4591 17 general general JJ 34823 4591 18 theory theory NN 34823 4591 19 of of IN 34823 4591 20 value value NN 34823 4591 21 , , , 34823 4591 22 and and CC 34823 4591 23 from from IN 34823 4591 24 the the DT 34823 4591 25 theory theory NN 34823 4591 26 of of IN 34823 4591 27 the the DT 34823 4591 28 origin origin NN 34823 4591 29 and and CC 34823 4591 30 functions function NNS 34823 4591 31 of of IN 34823 4591 32 money money NN 34823 4591 33 . . . 34823 4592 1 The the DT 34823 4592 2 answer answer NN 34823 4592 3 to to IN 34823 4592 4 the the DT 34823 4592 5 first first JJ 34823 4592 6 question question NN 34823 4592 7 rests rest VBZ 34823 4592 8 primarily primarily RB 34823 4592 9 in in IN 34823 4592 10 the the DT 34823 4592 11 fact fact NN 34823 4592 12 that that IN 34823 4592 13 there there EX 34823 4592 14 are be VBP 34823 4592 15 differences difference NNS 34823 4592 16 in in IN 34823 4592 17 the the DT 34823 4592 18 _ _ NNP 34823 4592 19 saleability saleability NN 34823 4592 20 _ _ NNP 34823 4592 21 of of IN 34823 4592 22 goods good NNS 34823 4592 23 . . . 34823 4593 1 Value value NN 34823 4593 2 and and CC 34823 4593 3 saleability saleability NN 34823 4593 4 are be VBP 34823 4593 5 not not RB 34823 4593 6 the the DT 34823 4593 7 same same JJ 34823 4593 8 thing thing NN 34823 4593 9 . . . 34823 4594 1 A a DT 34823 4594 2 copper copper NN 34823 4594 3 cent cent NN 34823 4594 4 has have VBZ 34823 4594 5 high high JJ 34823 4594 6 saleability saleability NN 34823 4594 7 ; ; : 34823 4594 8 a a DT 34823 4594 9 farm farm NN 34823 4594 10 has have VBZ 34823 4594 11 low low JJ 34823 4594 12 saleability saleability NN 34823 4594 13 . . . 34823 4595 1 [ [ -LRB- 34823 4595 2 457 457 CD 34823 4595 3 ] ] -RRB- 34823 4595 4 Some some DT 34823 4595 5 valuable valuable JJ 34823 4595 6 things thing NNS 34823 4595 7 can can MD 34823 4595 8 not not RB 34823 4595 9 be be VB 34823 4595 10 exchanged exchange VBN 34823 4595 11 at at RB 34823 4595 12 all all RB 34823 4595 13 . . . 34823 4596 1 The the DT 34823 4596 2 Capitol Capitol NNP 34823 4596 3 at at IN 34823 4596 4 Washington Washington NNP 34823 4596 5 can can MD 34823 4596 6 not not RB 34823 4596 7 be be VB 34823 4596 8 exchanged exchange VBN 34823 4596 9 , , , 34823 4596 10 yet yet RB 34823 4596 11 has have VBZ 34823 4596 12 value value NN 34823 4596 13 . . . 34823 4597 1 Under under IN 34823 4597 2 a a DT 34823 4597 3 communistic communistic JJ 34823 4597 4 or or CC 34823 4597 5 socialistic socialistic JJ 34823 4597 6 régime régime NN 34823 4597 7 , , , 34823 4597 8 exchange exchange NN 34823 4597 9 , , , 34823 4597 10 as as IN 34823 4597 11 we -PRON- PRP 34823 4597 12 now now RB 34823 4597 13 know know VBP 34823 4597 14 it -PRON- PRP 34823 4597 15 , , , 34823 4597 16 would would MD 34823 4597 17 largely largely RB 34823 4597 18 or or CC 34823 4597 19 wholly wholly RB 34823 4597 20 cease cease VB 34823 4597 21 . . . 34823 4598 1 An an DT 34823 4598 2 entailed entailed JJ 34823 4598 3 estate estate NN 34823 4598 4 can can MD 34823 4598 5 not not RB 34823 4598 6 be be VB 34823 4598 7 sold sell VBN 34823 4598 8 , , , 34823 4598 9 yet yet RB 34823 4598 10 has have VBZ 34823 4598 11 value value NN 34823 4598 12 . . . 34823 4599 1 If if IN 34823 4599 2 society society NN 34823 4599 3 should should MD 34823 4599 4 really really RB 34823 4599 5 come come VB 34823 4599 6 to to IN 34823 4599 7 the the DT 34823 4599 8 stable stable JJ 34823 4599 9 equilibrium equilibrium NN 34823 4599 10 of of IN 34823 4599 11 the the DT 34823 4599 12 " " `` 34823 4599 13 static static JJ 34823 4599 14 state state NN 34823 4599 15 , , , 34823 4599 16 " " '' 34823 4599 17 most most JJS 34823 4599 18 of of IN 34823 4599 19 the the DT 34823 4599 20 exchanges exchange NNS 34823 4599 21 of of IN 34823 4599 22 lands,[458 lands,[458 NN 34823 4599 23 ] ] -RRB- 34823 4599 24 securities security NNS 34823 4599 25 , , , 34823 4599 26 and and CC 34823 4599 27 other other JJ 34823 4599 28 long long JJ 34823 4599 29 - - HYPH 34823 4599 30 time time NN 34823 4599 31 income income NN 34823 4599 32 - - HYPH 34823 4599 33 bearers bearer NNS 34823 4599 34 would would MD 34823 4599 35 cease cease VB 34823 4599 36 , , , 34823 4599 37 but but CC 34823 4599 38 they -PRON- PRP 34823 4599 39 would would MD 34823 4599 40 still still RB 34823 4599 41 be be VB 34823 4599 42 valuable valuable JJ 34823 4599 43 . . . 34823 4600 1 I -PRON- PRP 34823 4600 2 have have VBP 34823 4600 3 developed develop VBN 34823 4600 4 these these DT 34823 4600 5 notions notion NNS 34823 4600 6 in in IN 34823 4600 7 my -PRON- PRP$ 34823 4600 8 article article NN 34823 4600 9 on on IN 34823 4600 10 " " `` 34823 4600 11 Value Value NNP 34823 4600 12 " " '' 34823 4600 13 in in IN 34823 4600 14 the the DT 34823 4600 15 _ _ NNP 34823 4600 16 Quarterly Quarterly NNP 34823 4600 17 Journal Journal NNP 34823 4600 18 of of IN 34823 4600 19 Economics Economics NNP 34823 4600 20 _ _ NNP 34823 4600 21 , , , 34823 4600 22 Aug. August NNP 34823 4600 23 1915 1915 CD 34823 4600 24 , , , 34823 4600 25 and and CC 34823 4600 26 have have VBP 34823 4600 27 referred refer VBN 34823 4600 28 to to IN 34823 4600 29 them -PRON- PRP 34823 4600 30 again again RB 34823 4600 31 in in IN 34823 4600 32 the the DT 34823 4600 33 chapter chapter NN 34823 4600 34 on on IN 34823 4600 35 " " `` 34823 4600 36 Value Value NNP 34823 4600 37 " " '' 34823 4600 38 in in IN 34823 4600 39 the the DT 34823 4600 40 present present JJ 34823 4600 41 book book NN 34823 4600 42 , , , 34823 4600 43 and and CC 34823 4600 44 so so RB 34823 4600 45 need nee MD 34823 4600 46 not not RB 34823 4600 47 expand expand VB 34823 4600 48 the the DT 34823 4600 49 discussion discussion NN 34823 4600 50 here here RB 34823 4600 51 . . . 34823 4601 1 Exchangeability exchangeability NN 34823 4601 2 and and CC 34823 4601 3 value value NN 34823 4601 4 are be VBP 34823 4601 5 different different JJ 34823 4601 6 characteristics characteristic NNS 34823 4601 7 of of IN 34823 4601 8 goods good NNS 34823 4601 9 . . . 34823 4602 1 Value value NN 34823 4602 2 is be VBZ 34823 4602 3 an an DT 34823 4602 4 essential essential JJ 34823 4602 5 precondition precondition NN 34823 4602 6 of of IN 34823 4602 7 exchangeability exchangeability NN 34823 4602 8 , , , 34823 4602 9 but but CC 34823 4602 10 can can MD 34823 4602 11 exist exist VB 34823 4602 12 without without IN 34823 4602 13 it -PRON- PRP 34823 4602 14 . . . 34823 4603 1 Value value NN 34823 4603 2 is be VBZ 34823 4603 3 , , , 34823 4603 4 however however RB 34823 4603 5 , , , 34823 4603 6 commonly commonly RB 34823 4603 7 increased increase VBN 34823 4603 8 by by IN 34823 4603 9 exchangeability exchangeability NN 34823 4603 10 . . . 34823 4604 1 But but CC 34823 4604 2 the the DT 34823 4604 3 theory theory NN 34823 4604 4 of of IN 34823 4604 5 exchangeability exchangeability NN 34823 4604 6 is be VBZ 34823 4604 7 a a DT 34823 4604 8 separate separate JJ 34823 4604 9 matter matter NN 34823 4604 10 , , , 34823 4604 11 and and CC 34823 4604 12 can can MD 34823 4604 13 not not RB 34823 4604 14 be be VB 34823 4604 15 deduced deduce VBN 34823 4604 16 from from IN 34823 4604 17 the the DT 34823 4604 18 theory theory NN 34823 4604 19 of of IN 34823 4604 20 value value NN 34823 4604 21 alone alone RB 34823 4604 22 . . . 34823 4605 1 Menger Menger NNP 34823 4605 2 points point VBZ 34823 4605 3 out out RP 34823 4605 4 the the DT 34823 4605 5 difference difference NN 34823 4605 6 between between IN 34823 4605 7 " " `` 34823 4605 8 buying buying NN 34823 4605 9 price price NN 34823 4605 10 " " '' 34823 4605 11 and and CC 34823 4605 12 " " `` 34823 4605 13 selling selling NN 34823 4605 14 price price NN 34823 4605 15 . . . 34823 4605 16 " " '' 34823 4606 1 You -PRON- PRP 34823 4606 2 can can MD 34823 4606 3 buy buy VB 34823 4606 4 a a DT 34823 4606 5 piano piano NN 34823 4606 6 for for IN 34823 4606 7 $ $ $ 34823 4606 8 400 400 CD 34823 4606 9 . . . 34823 4607 1 If if IN 34823 4607 2 you -PRON- PRP 34823 4607 3 try try VBP 34823 4607 4 the the DT 34823 4607 5 next next JJ 34823 4607 6 minute minute NN 34823 4607 7 to to TO 34823 4607 8 sell sell VB 34823 4607 9 it -PRON- PRP 34823 4607 10 for for IN 34823 4607 11 $ $ $ 34823 4607 12 375 375 CD 34823 4607 13 you -PRON- PRP 34823 4607 14 will will MD 34823 4607 15 probably probably RB 34823 4607 16 fail fail VB 34823 4607 17 . . . 34823 4608 1 You -PRON- PRP 34823 4608 2 may may MD 34823 4608 3 pay pay VB 34823 4608 4 ten ten CD 34823 4608 5 thousand thousand CD 34823 4608 6 dollars dollar NNS 34823 4608 7 for for IN 34823 4608 8 a a DT 34823 4608 9 farm farm NN 34823 4608 10 . . . 34823 4609 1 The the DT 34823 4609 2 income income NN 34823 4609 3 of of IN 34823 4609 4 the the DT 34823 4609 5 farm farm NN 34823 4609 6 may may MD 34823 4609 7 increase increase VB 34823 4609 8 . . . 34823 4610 1 The the DT 34823 4610 2 tax tax NN 34823 4610 3 assessment assessment NN 34823 4610 4 may may MD 34823 4610 5 increase increase VB 34823 4610 6 . . . 34823 4611 1 The the DT 34823 4611 2 capital capital NN 34823 4611 3 value value NN 34823 4611 4 of of IN 34823 4611 5 the the DT 34823 4611 6 farm farm NN 34823 4611 7 may may MD 34823 4611 8 increase increase VB 34823 4611 9 . . . 34823 4612 1 And and CC 34823 4612 2 yet yet RB 34823 4612 3 , , , 34823 4612 4 you -PRON- PRP 34823 4612 5 may may MD 34823 4612 6 have have VB 34823 4612 7 to to TO 34823 4612 8 wait wait VB 34823 4612 9 for for IN 34823 4612 10 a a DT 34823 4612 11 long long JJ 34823 4612 12 time time NN 34823 4612 13 before before IN 34823 4612 14 you -PRON- PRP 34823 4612 15 find find VBP 34823 4612 16 a a DT 34823 4612 17 buyer buyer NN 34823 4612 18 who who WP 34823 4612 19 will will MD 34823 4612 20 pay pay VB 34823 4612 21 you -PRON- PRP 34823 4612 22 ten ten CD 34823 4612 23 thousand thousand CD 34823 4612 24 dollars dollar NNS 34823 4612 25 for for IN 34823 4612 26 it -PRON- PRP 34823 4612 27 . . . 34823 4613 1 One one CD 34823 4613 2 buys buy VBZ 34823 4613 3 pianos pianos NN 34823 4613 4 or or CC 34823 4613 5 farms farm NNS 34823 4613 6 , , , 34823 4613 7 as as IN 34823 4613 8 a a DT 34823 4613 9 rule rule NN 34823 4613 10 , , , 34823 4613 11 only only RB 34823 4613 12 when when WRB 34823 4613 13 one one PRP 34823 4613 14 wishes wish VBZ 34823 4613 15 to to TO 34823 4613 16 use use VB 34823 4613 17 them -PRON- PRP 34823 4613 18 , , , 34823 4613 19 or or CC 34823 4613 20 when when WRB 34823 4613 21 one one PRP 34823 4613 22 has have VBZ 34823 4613 23 such such JJ 34823 4613 24 special special JJ 34823 4613 25 knowledge knowledge NN 34823 4613 26 of of IN 34823 4613 27 the the DT 34823 4613 28 market market NN 34823 4613 29 that that WDT 34823 4613 30 one one PRP 34823 4613 31 knows know VBZ 34823 4613 32 pretty pretty RB 34823 4613 33 definitely definitely RB 34823 4613 34 where where WRB 34823 4613 35 purchasers purchaser NNS 34823 4613 36 can can MD 34823 4613 37 be be VB 34823 4613 38 found find VBN 34823 4613 39 for for IN 34823 4613 40 a a DT 34823 4613 41 resale resale NN 34823 4613 42 , , , 34823 4613 43 at at IN 34823 4613 44 a a DT 34823 4613 45 profit profit NN 34823 4613 46 . . . 34823 4614 1 Even even RB 34823 4614 2 in in IN 34823 4614 3 such such JJ 34823 4614 4 highly highly RB 34823 4614 5 organized organized JJ 34823 4614 6 markets market NNS 34823 4614 7 as as IN 34823 4614 8 the the DT 34823 4614 9 stock stock NN 34823 4614 10 and and CC 34823 4614 11 produce produce VB 34823 4614 12 exchanges exchange NNS 34823 4614 13 , , , 34823 4614 14 one one PRP 34823 4614 15 can can MD 34823 4614 16 not not RB 34823 4614 17 usually usually RB 34823 4614 18 buy buy VB 34823 4614 19 in in IN 34823 4614 20 quantity quantity NN 34823 4614 21 and and CC 34823 4614 22 sell sell VB 34823 4614 23 immediately immediately RB 34823 4614 24 without without IN 34823 4614 25 some some DT 34823 4614 26 loss loss NN 34823 4614 27 . . . 34823 4615 1 " " `` 34823 4615 2 Buying buying NN 34823 4615 3 price price NN 34823 4615 4 " " '' 34823 4615 5 and and CC 34823 4615 6 " " `` 34823 4615 7 selling sell VBG 34823 4615 8 price price NN 34823 4615 9 " " '' 34823 4615 10 of of IN 34823 4615 11 such such PDT 34823 4615 12 a a DT 34823 4615 13 stock stock NN 34823 4615 14 as as IN 34823 4615 15 Industrial Industrial NNP 34823 4615 16 Alcohol Alcohol NNP 34823 4615 17 Preferred Preferred NNP 34823 4615 18 are be VBP 34823 4615 19 sometimes sometimes RB 34823 4615 20 five five CD 34823 4615 21 points point NNS 34823 4615 22 apart apart RB 34823 4615 23 , , , 34823 4615 24 at at IN 34823 4615 25 a a DT 34823 4615 26 given give VBN 34823 4615 27 time time NN 34823 4615 28 . . . 34823 4616 1 The the DT 34823 4616 2 forced force VBN 34823 4616 3 sale sale NN 34823 4616 4 of of IN 34823 4616 5 land land NN 34823 4616 6 in in IN 34823 4616 7 bankruptcies bankruptcy NNS 34823 4616 8 , , , 34823 4616 9 or or CC 34823 4616 10 for for IN 34823 4616 11 taxes taxis NNS 34823 4616 12 , , , 34823 4616 13 notoriously notoriously RB 34823 4616 14 often often RB 34823 4616 15 bring bring VBP 34823 4616 16 prices price NNS 34823 4616 17 far far RB 34823 4616 18 below below IN 34823 4616 19 the the DT 34823 4616 20 price price NN 34823 4616 21 which which WDT 34823 4616 22 would would MD 34823 4616 23 correctly correctly RB 34823 4616 24 express express VB 34823 4616 25 the the DT 34823 4616 26 value value NN 34823 4616 27 of of IN 34823 4616 28 the the DT 34823 4616 29 land land NN 34823 4616 30 . . . 34823 4617 1 It -PRON- PRP 34823 4617 2 is be VBZ 34823 4617 3 only only RB 34823 4617 4 in in IN 34823 4617 5 the the DT 34823 4617 6 ideal ideal JJ 34823 4617 7 fluid fluid JJ 34823 4617 8 market market NN 34823 4617 9 assumed assume VBN 34823 4617 10 by by IN 34823 4617 11 static static JJ 34823 4617 12 theory theory NN 34823 4617 13 , , , 34823 4617 14 where where WRB 34823 4617 15 adjustments adjustment NNS 34823 4617 16 are be VBP 34823 4617 17 instantaneous instantaneous JJ 34823 4617 18 , , , 34823 4617 19 where where WRB 34823 4617 20 causal causal JJ 34823 4617 21 - - HYPH 34823 4617 22 temporal temporal JJ 34823 4617 23 relations relation NNS 34823 4617 24 have have VBP 34823 4617 25 become become VBN 34823 4617 26 timeless timeless NN 34823 4617 27 logical logical JJ 34823 4617 28 relations relation NNS 34823 4617 29 , , , 34823 4617 30 that that IN 34823 4617 31 values value NNS 34823 4617 32 are be VBP 34823 4617 33 perfectly perfectly RB 34823 4617 34 expressed express VBN 34823 4617 35 in in IN 34823 4617 36 prices price NNS 34823 4617 37 . . . 34823 4618 1 [ [ -LRB- 34823 4618 2 459 459 CD 34823 4618 3 ] ] -RRB- 34823 4618 4 All all PDT 34823 4618 5 these these DT 34823 4618 6 difficulties difficulty NNS 34823 4618 7 were be VBD 34823 4618 8 enormously enormously RB 34823 4618 9 greater great JJR 34823 4618 10 in in IN 34823 4618 11 days day NNS 34823 4618 12 of of IN 34823 4618 13 primitive primitive JJ 34823 4618 14 barter barter NN 34823 4618 15 , , , 34823 4618 16 before before IN 34823 4618 17 money money NN 34823 4618 18 and and CC 34823 4618 19 organized organized JJ 34823 4618 20 markets market NNS 34823 4618 21 had have VBD 34823 4618 22 been be VBN 34823 4618 23 evolved evolve VBN 34823 4618 24 . . . 34823 4619 1 The the DT 34823 4619 2 difficulties difficulty NNS 34823 4619 3 of of IN 34823 4619 4 barter barter NN 34823 4619 5 have have VBP 34823 4619 6 been be VBN 34823 4619 7 much much RB 34823 4619 8 elaborated elaborate VBN 34823 4619 9 in in IN 34823 4619 10 the the DT 34823 4619 11 literature literature NN 34823 4619 12 of of IN 34823 4619 13 money money NN 34823 4619 14 . . . 34823 4620 1 I -PRON- PRP 34823 4620 2 shall shall MD 34823 4620 3 recur recur VB 34823 4620 4 to to IN 34823 4620 5 the the DT 34823 4620 6 topic topic NN 34823 4620 7 in in IN 34823 4620 8 my -PRON- PRP$ 34823 4620 9 chapter chapter NN 34823 4620 10 on on IN 34823 4620 11 the the DT 34823 4620 12 " " `` 34823 4620 13 Functions Functions NNPS 34823 4620 14 of of IN 34823 4620 15 Money money NN 34823 4620 16 . . . 34823 4620 17 " " '' 34823 4621 1 Part part NN 34823 4621 2 of of IN 34823 4621 3 the the DT 34823 4621 4 trouble trouble NN 34823 4621 5 arises arise VBZ 34823 4621 6 from from IN 34823 4621 7 the the DT 34823 4621 8 " " `` 34823 4621 9 want want NN 34823 4621 10 of of IN 34823 4621 11 coincidence coincidence NN 34823 4621 12 " " '' 34823 4621 13 in in IN 34823 4621 14 barter barter NN 34823 4621 15 -- -- : 34823 4621 16 the the DT 34823 4621 17 failure failure NN 34823 4621 18 to to TO 34823 4621 19 find find VB 34823 4621 20 the the DT 34823 4621 21 man man NN 34823 4621 22 who who WP 34823 4621 23 has have VBZ 34823 4621 24 what what WP 34823 4621 25 you -PRON- PRP 34823 4621 26 want want VBP 34823 4621 27 , , , 34823 4621 28 and and CC 34823 4621 29 who who WP 34823 4621 30 at at IN 34823 4621 31 the the DT 34823 4621 32 same same JJ 34823 4621 33 time time NN 34823 4621 34 wants want VBZ 34823 4621 35 what what WP 34823 4621 36 you -PRON- PRP 34823 4621 37 have have VBP 34823 4621 38 . . . 34823 4622 1 Goods good NNS 34823 4622 2 have have VBP 34823 4622 3 high high JJ 34823 4622 4 or or CC 34823 4622 5 low low JJ 34823 4622 6 saleability saleability NN 34823 4622 7 , , , 34823 4622 8 depending depend VBG 34823 4622 9 , , , 34823 4622 10 in in IN 34823 4622 11 considerable considerable JJ 34823 4622 12 degree degree NN 34823 4622 13 , , , 34823 4622 14 on on IN 34823 4622 15 the the DT 34823 4622 16 _ _ NNP 34823 4622 17 universality universality NN 34823 4622 18 _ _ NNP 34823 4622 19 of of IN 34823 4622 20 the the DT 34823 4622 21 desire desire NN 34823 4622 22 for for IN 34823 4622 23 them -PRON- PRP 34823 4622 24 . . . 34823 4623 1 They -PRON- PRP 34823 4623 2 may may MD 34823 4623 3 have have VB 34823 4623 4 high high JJ 34823 4623 5 _ _ NNP 34823 4623 6 value value NN 34823 4623 7 _ _ NNP 34823 4623 8 if if IN 34823 4623 9 only only RB 34823 4623 10 a a DT 34823 4623 11 few few JJ 34823 4623 12 rich rich JJ 34823 4623 13 men man NNS 34823 4623 14 desire desire VBP 34823 4623 15 them -PRON- PRP 34823 4623 16 , , , 34823 4623 17 provided provide VBN 34823 4623 18 they -PRON- PRP 34823 4623 19 be be VBP 34823 4623 20 scarce scarce JJ 34823 4623 21 . . . 34823 4624 1 The the DT 34823 4624 2 paintings painting NNS 34823 4624 3 of of IN 34823 4624 4 old old JJ 34823 4624 5 masters master NNS 34823 4624 6 would would MD 34823 4624 7 be be VB 34823 4624 8 a a DT 34823 4624 9 case case NN 34823 4624 10 in in IN 34823 4624 11 point point NN 34823 4624 12 . . . 34823 4625 1 Incidentally incidentally RB 34823 4625 2 , , , 34823 4625 3 the the DT 34823 4625 4 difference difference NN 34823 4625 5 between between IN 34823 4625 6 buying buying NN 34823 4625 7 price price NN 34823 4625 8 and and CC 34823 4625 9 selling selling NN 34823 4625 10 price price NN 34823 4625 11 is be VBZ 34823 4625 12 often often RB 34823 4625 13 enormous enormous JJ 34823 4625 14 in in IN 34823 4625 15 this this DT 34823 4625 16 case case NN 34823 4625 17 , , , 34823 4625 18 and and CC 34823 4625 19 the the DT 34823 4625 20 making making NN 34823 4625 21 of of IN 34823 4625 22 a a DT 34823 4625 23 sale sale NN 34823 4625 24 may may MD 34823 4625 25 well well RB 34823 4625 26 involve involve VB 34823 4625 27 long long JJ 34823 4625 28 and and CC 34823 4625 29 expensive expensive JJ 34823 4625 30 negotiations negotiation NNS 34823 4625 31 . . . 34823 4626 1 The the DT 34823 4626 2 difficulties difficulty NNS 34823 4626 3 of of IN 34823 4626 4 exchange exchange NN 34823 4626 5 here here RB 34823 4626 6 arise arise VBP 34823 4626 7 not not RB 34823 4626 8 alone alone JJ 34823 4626 9 from from IN 34823 4626 10 the the DT 34823 4626 11 limited limited JJ 34823 4626 12 market market NN 34823 4626 13 , , , 34823 4626 14 however however RB 34823 4626 15 , , , 34823 4626 16 but but CC 34823 4626 17 also also RB 34823 4626 18 from from IN 34823 4626 19 the the DT 34823 4626 20 fact fact NN 34823 4626 21 that that IN 34823 4626 22 each each DT 34823 4626 23 painting painting NN 34823 4626 24 is be VBZ 34823 4626 25 a a DT 34823 4626 26 unique unique JJ 34823 4626 27 , , , 34823 4626 28 and and CC 34823 4626 29 a a DT 34823 4626 30 unique unique NN 34823 4626 31 of of IN 34823 4626 32 high high JJ 34823 4626 33 value value NN 34823 4626 34 . . . 34823 4627 1 A a DT 34823 4627 2 good good JJ 34823 4627 3 might may MD 34823 4627 4 have have VB 34823 4627 5 high high JJ 34823 4627 6 saleability saleability NN 34823 4627 7 despite despite IN 34823 4627 8 the the DT 34823 4627 9 fact fact NN 34823 4627 10 that that IN 34823 4627 11 the the DT 34823 4627 12 ultimate ultimate JJ 34823 4627 13 demand demand NN 34823 4627 14 for for IN 34823 4627 15 it -PRON- PRP 34823 4627 16 comes come VBZ 34823 4627 17 from from IN 34823 4627 18 only only RB 34823 4627 19 a a DT 34823 4627 20 few few JJ 34823 4627 21 rich rich JJ 34823 4627 22 men man NNS 34823 4627 23 , , , 34823 4627 24 if if IN 34823 4627 25 it -PRON- PRP 34823 4627 26 could could MD 34823 4627 27 be be VB 34823 4627 28 easily easily RB 34823 4627 29 subdivided subdivide VBN 34823 4627 30 and and CC 34823 4627 31 standardized standardize VBN 34823 4627 32 . . . 34823 4628 1 Menger Menger NNP 34823 4628 2 enumerates enumerate VBZ 34823 4628 3 a a DT 34823 4628 4 number number NN 34823 4628 5 of of IN 34823 4628 6 circumstances circumstance NNS 34823 4628 7 connected connect VBN 34823 4628 8 with with IN 34823 4628 9 a a DT 34823 4628 10 good good JJ 34823 4628 11 which which WDT 34823 4628 12 increase increase VBP 34823 4628 13 its -PRON- PRP$ 34823 4628 14 saleability saleability NN 34823 4628 15 . . . 34823 4629 1 Among among IN 34823 4629 2 them -PRON- PRP 34823 4629 3 are be VBP 34823 4629 4 the the DT 34823 4629 5 following follow VBG 34823 4629 6 : : : 34823 4629 7 1 1 CD 34823 4629 8 . . . 34823 4630 1 Widespread widespread JJ 34823 4630 2 and and CC 34823 4630 3 intense intense JJ 34823 4630 4 desire desire NN 34823 4630 5 for for IN 34823 4630 6 the the DT 34823 4630 7 thing thing NN 34823 4630 8 ( ( -LRB- 34823 4630 9 to to TO 34823 4630 10 which which WDT 34823 4630 11 should should MD 34823 4630 12 be be VB 34823 4630 13 added add VBN 34823 4630 14 , , , 34823 4630 15 adequate adequate JJ 34823 4630 16 wealth wealth NN 34823 4630 17 on on IN 34823 4630 18 the the DT 34823 4630 19 part part NN 34823 4630 20 of of IN 34823 4630 21 those those DT 34823 4630 22 who who WP 34823 4630 23 desire desire VBP 34823 4630 24 it -PRON- PRP 34823 4630 25 ) ) -RRB- 34823 4630 26 . . . 34823 4631 1 2 2 LS 34823 4631 2 . . . 34823 4632 1 Scarcity scarcity NN 34823 4632 2 of of IN 34823 4632 3 the the DT 34823 4632 4 commodity commodity NN 34823 4632 5 in in IN 34823 4632 6 question question NN 34823 4632 7 . . . 34823 4633 1 3 3 LS 34823 4633 2 . . . 34823 4634 1 Divisibility divisibility NN 34823 4634 2 of of IN 34823 4634 3 the the DT 34823 4634 4 commodity commodity NN 34823 4634 5 . . . 34823 4635 1 4 4 LS 34823 4635 2 . . . 34823 4636 1 Considerable considerable JJ 34823 4636 2 development development NN 34823 4636 3 of of IN 34823 4636 4 the the DT 34823 4636 5 market market NN 34823 4636 6 . . . 34823 4637 1 5 5 CD 34823 4637 2 . . . 34823 4638 1 That that IN 34823 4638 2 the the DT 34823 4638 3 demand demand NN 34823 4638 4 for for IN 34823 4638 5 the the DT 34823 4638 6 article article NN 34823 4638 7 should should MD 34823 4638 8 be be VB 34823 4638 9 more more JJR 34823 4638 10 than than IN 34823 4638 11 local local JJ 34823 4638 12 . . . 34823 4639 1 6 6 CD 34823 4639 2 . . . 34823 4640 1 That that IN 34823 4640 2 it -PRON- PRP 34823 4640 3 be be VB 34823 4640 4 cheaply cheaply RB 34823 4640 5 transportable transportable JJ 34823 4640 6 . . . 34823 4641 1 7 7 LS 34823 4641 2 . . . 34823 4642 1 That that DT 34823 4642 2 commerce commerce NN 34823 4642 3 between between IN 34823 4642 4 localities locality NNS 34823 4642 5 in in IN 34823 4642 6 the the DT 34823 4642 7 article article NN 34823 4642 8 be be VB 34823 4642 9 unrestricted unrestricte VBN 34823 4642 10 . . . 34823 4643 1 8 8 LS 34823 4643 2 . . . 34823 4644 1 That that DT 34823 4644 2 demand demand NN 34823 4644 3 for for IN 34823 4644 4 the the DT 34823 4644 5 article article NN 34823 4644 6 be be VB 34823 4644 7 constant constant JJ 34823 4644 8 , , , 34823 4644 9 not not RB 34823 4644 10 fluctuating fluctuate VBG 34823 4644 11 , , , 34823 4644 12 in in IN 34823 4644 13 time time NN 34823 4644 14 . . . 34823 4645 1 9 9 CD 34823 4645 2 . . . 34823 4646 1 That that IN 34823 4646 2 the the DT 34823 4646 3 article article NN 34823 4646 4 be be VB 34823 4646 5 durable durable JJ 34823 4646 6 . . . 34823 4647 1 10 10 CD 34823 4647 2 . . . 34823 4648 1 That that IN 34823 4648 2 it -PRON- PRP 34823 4648 3 be be VB 34823 4648 4 uniform uniform JJ 34823 4648 5 in in IN 34823 4648 6 quality quality NN 34823 4648 7 , , , 34823 4648 8 so so IN 34823 4648 9 that that IN 34823 4648 10 standardization standardization NN 34823 4648 11 is be VBZ 34823 4648 12 easy easy JJ 34823 4648 13 . . . 34823 4649 1 In in IN 34823 4649 2 general general JJ 34823 4649 3 , , , 34823 4649 4 Menger Menger NNP 34823 4649 5 's 's POS 34823 4649 6 list list NN 34823 4649 7 meets meet VBZ 34823 4649 8 the the DT 34823 4649 9 requirements requirement NNS 34823 4649 10 often often RB 34823 4649 11 laid lay VBD 34823 4649 12 down down RP 34823 4649 13 for for IN 34823 4649 14 a a DT 34823 4649 15 good good JJ 34823 4649 16 _ _ NNP 34823 4649 17 medium medium NN 34823 4649 18 of of IN 34823 4649 19 exchange exchange NN 34823 4649 20 _ _ NNP 34823 4649 21 . . . 34823 4650 1 In in IN 34823 4650 2 general general JJ 34823 4650 3 , , , 34823 4650 4 to to IN 34823 4650 5 the the DT 34823 4650 6 extent extent NN 34823 4650 7 that that IN 34823 4650 8 any any DT 34823 4650 9 commodity commodity NN 34823 4650 10 meets meet VBZ 34823 4650 11 these these DT 34823 4650 12 tests test NNS 34823 4650 13 , , , 34823 4650 14 it -PRON- PRP 34823 4650 15 will will MD 34823 4650 16 be be VB 34823 4650 17 _ _ NNP 34823 4650 18 saleable saleable JJ 34823 4650 19 _ _ NNP 34823 4650 20 . . . 34823 4651 1 Commodities commodity NNS 34823 4651 2 will will MD 34823 4651 3 vary vary VB 34823 4651 4 indefinitely indefinitely RB 34823 4651 5 in in IN 34823 4651 6 the the DT 34823 4651 7 extent extent NN 34823 4651 8 of of IN 34823 4651 9 their -PRON- PRP$ 34823 4651 10 saleability saleability NN 34823 4651 11 . . . 34823 4652 1 Starting start VBG 34823 4652 2 with with IN 34823 4652 3 the the DT 34823 4652 4 distinction distinction NN 34823 4652 5 between between IN 34823 4652 6 value value NN 34823 4652 7 and and CC 34823 4652 8 saleability saleability NN 34823 4652 9 , , , 34823 4652 10 and and CC 34823 4652 11 with with IN 34823 4652 12 the the DT 34823 4652 13 analysis analysis NN 34823 4652 14 of of IN 34823 4652 15 the the DT 34823 4652 16 circumstances circumstance NNS 34823 4652 17 affecting affect VBG 34823 4652 18 saleability saleability NN 34823 4652 19 , , , 34823 4652 20 we -PRON- PRP 34823 4652 21 may may MD 34823 4652 22 now now RB 34823 4652 23 undertake undertake VB 34823 4652 24 to to TO 34823 4652 25 see see VB 34823 4652 26 how how WRB 34823 4652 27 money money NN 34823 4652 28 tends tend VBZ 34823 4652 29 to to TO 34823 4652 30 develop develop VB 34823 4652 31 out out IN 34823 4652 32 of of IN 34823 4652 33 a a DT 34823 4652 34 barter barter NN 34823 4652 35 economy economy NN 34823 4652 36 . . . 34823 4653 1 Suppose suppose VB 34823 4653 2 that that IN 34823 4653 3 a a DT 34823 4653 4 man man NN 34823 4653 5 , , , 34823 4653 6 in in IN 34823 4653 7 a a DT 34823 4653 8 barter barter NN 34823 4653 9 economy economy NN 34823 4653 10 , , , 34823 4653 11 has have VBZ 34823 4653 12 a a DT 34823 4653 13 good good NN 34823 4653 14 of of IN 34823 4653 15 low low JJ 34823 4653 16 saleability saleability NN 34823 4653 17 , , , 34823 4653 18 which which WDT 34823 4653 19 he -PRON- PRP 34823 4653 20 wishes wish VBZ 34823 4653 21 to to TO 34823 4653 22 trade trade VB 34823 4653 23 for for IN 34823 4653 24 some some DT 34823 4653 25 other other JJ 34823 4653 26 specified specify VBN 34823 4653 27 commodity commodity NN 34823 4653 28 . . . 34823 4654 1 He -PRON- PRP 34823 4654 2 finds find VBZ 34823 4654 3 no no DT 34823 4654 4 one one NN 34823 4654 5 who who WP 34823 4654 6 possesses possess VBZ 34823 4654 7 the the DT 34823 4654 8 commodity commodity NN 34823 4654 9 he -PRON- PRP 34823 4654 10 wants want VBZ 34823 4654 11 who who WP 34823 4654 12 is be VBZ 34823 4654 13 willing willing JJ 34823 4654 14 to to TO 34823 4654 15 trade trade VB 34823 4654 16 with with IN 34823 4654 17 him -PRON- PRP 34823 4654 18 . . . 34823 4655 1 But but CC 34823 4655 2 if if IN 34823 4655 3 he -PRON- PRP 34823 4655 4 can can MD 34823 4655 5 trade trade VB 34823 4655 6 his -PRON- PRP$ 34823 4655 7 article article NN 34823 4655 8 of of IN 34823 4655 9 low low JJ 34823 4655 10 saleability saleability NN 34823 4655 11 for for IN 34823 4655 12 some some DT 34823 4655 13 other other JJ 34823 4655 14 commodity commodity NN 34823 4655 15 of of IN 34823 4655 16 higher high JJR 34823 4655 17 saleability saleability NN 34823 4655 18 , , , 34823 4655 19 _ _ NNP 34823 4655 20 still still RB 34823 4655 21 not not RB 34823 4655 22 the the DT 34823 4655 23 thing thing NN 34823 4655 24 he -PRON- PRP 34823 4655 25 wants want VBZ 34823 4655 26 _ _ NNP 34823 4655 27 , , , 34823 4655 28 he -PRON- PRP 34823 4655 29 has have VBZ 34823 4655 30 yet yet RB 34823 4655 31 made make VBN 34823 4655 32 progress progress NN 34823 4655 33 , , , 34823 4655 34 he -PRON- PRP 34823 4655 35 has have VBZ 34823 4655 36 got get VBN 34823 4655 37 _ _ NNP 34823 4655 38 one one CD 34823 4655 39 step step NN 34823 4655 40 nearer near RBR 34823 4655 41 _ _ NNP 34823 4655 42 the the DT 34823 4655 43 object object NN 34823 4655 44 which which WDT 34823 4655 45 he -PRON- PRP 34823 4655 46 does do VBZ 34823 4655 47 want want VB 34823 4655 48 . . . 34823 4656 1 It -PRON- PRP 34823 4656 2 will will MD 34823 4656 3 be be VB 34823 4656 4 possible possible JJ 34823 4656 5 now now RB 34823 4656 6 , , , 34823 4656 7 perhaps perhaps RB 34823 4656 8 , , , 34823 4656 9 to to TO 34823 4656 10 trade trade VB 34823 4656 11 the the DT 34823 4656 12 new new JJ 34823 4656 13 article article NN 34823 4656 14 , , , 34823 4656 15 of of IN 34823 4656 16 higher high JJR 34823 4656 17 saleability saleability NN 34823 4656 18 , , , 34823 4656 19 for for IN 34823 4656 20 the the DT 34823 4656 21 commodity commodity NN 34823 4656 22 he -PRON- PRP 34823 4656 23 wants want VBZ 34823 4656 24 . . . 34823 4657 1 If if IN 34823 4657 2 not not RB 34823 4657 3 , , , 34823 4657 4 he -PRON- PRP 34823 4657 5 can can MD 34823 4657 6 trade trade VB 34823 4657 7 it -PRON- PRP 34823 4657 8 for for IN 34823 4657 9 some some DT 34823 4657 10 article article NN 34823 4657 11 of of IN 34823 4657 12 still still RB 34823 4657 13 higher high JJR 34823 4657 14 saleability saleability NN 34823 4657 15 , , , 34823 4657 16 which which WDT 34823 4657 17 he -PRON- PRP 34823 4657 18 can can MD 34823 4657 19 finally finally RB 34823 4657 20 trade trade VB 34823 4657 21 for for IN 34823 4657 22 the the DT 34823 4657 23 article article NN 34823 4657 24 he -PRON- PRP 34823 4657 25 wants want VBZ 34823 4657 26 . . . 34823 4658 1 By by IN 34823 4658 2 several several JJ 34823 4658 3 indirect indirect JJ 34823 4658 4 exchanges exchange NNS 34823 4658 5 , , , 34823 4658 6 he -PRON- PRP 34823 4658 7 finally finally RB 34823 4658 8 reaches reach VBZ 34823 4658 9 his -PRON- PRP$ 34823 4658 10 object object NN 34823 4658 11 . . . 34823 4659 1 Incidentally incidentally RB 34823 4659 2 , , , 34823 4659 3 it -PRON- PRP 34823 4659 4 is be VBZ 34823 4659 5 erroneous erroneous JJ 34823 4659 6 to to TO 34823 4659 7 distinguish distinguish VB 34823 4659 8 money money NN 34823 4659 9 and and CC 34823 4659 10 barter barter NN 34823 4659 11 economies economy NNS 34823 4659 12 as as IN 34823 4659 13 economies economy NNS 34823 4659 14 based base VBN 34823 4659 15 on on IN 34823 4659 16 direct direct JJ 34823 4659 17 and and CC 34823 4659 18 indirect indirect JJ 34823 4659 19 exchange exchange NN 34823 4659 20 . . . 34823 4660 1 The the DT 34823 4660 2 barter barter NN 34823 4660 3 economy economy NN 34823 4660 4 may may MD 34823 4660 5 well well RB 34823 4660 6 involve involve VB 34823 4660 7 much much RB 34823 4660 8 more more JJR 34823 4660 9 indirection indirection NN 34823 4660 10 than than IN 34823 4660 11 the the DT 34823 4660 12 money money NN 34823 4660 13 economy economy NN 34823 4660 14 , , , 34823 4660 15 in in IN 34823 4660 16 many many JJ 34823 4660 17 cases case NNS 34823 4660 18 . . . 34823 4661 1 If if IN 34823 4661 2 there there EX 34823 4661 3 be be VBP 34823 4661 4 in in IN 34823 4661 5 the the DT 34823 4661 6 market market NN 34823 4661 7 some some DT 34823 4661 8 one one CD 34823 4661 9 commodity commodity NN 34823 4661 10 which which WDT 34823 4661 11 has have VBZ 34823 4661 12 a a DT 34823 4661 13 conspicuously conspicuously RB 34823 4661 14 higher high JJR 34823 4661 15 degree degree NN 34823 4661 16 of of IN 34823 4661 17 saleability saleability NN 34823 4661 18 than than IN 34823 4661 19 any any DT 34823 4661 20 other other JJ 34823 4661 21 , , , 34823 4661 22 the the DT 34823 4661 23 more more RBR 34823 4661 24 sagacious sagacious JJ 34823 4661 25 men man NNS 34823 4661 26 in in IN 34823 4661 27 the the DT 34823 4661 28 market market NN 34823 4661 29 will will MD 34823 4661 30 make make VB 34823 4661 31 it -PRON- PRP 34823 4661 32 a a DT 34823 4661 33 point point NN 34823 4661 34 to to TO 34823 4661 35 get get VB 34823 4661 36 hold hold NN 34823 4661 37 of of IN 34823 4661 38 it -PRON- PRP 34823 4661 39 and and CC 34823 4661 40 accumulate accumulate VB 34823 4661 41 it -PRON- PRP 34823 4661 42 in in IN 34823 4661 43 excess excess NN 34823 4661 44 of of IN 34823 4661 45 their -PRON- PRP$ 34823 4661 46 anticipated anticipate VBN 34823 4661 47 consumption consumption NN 34823 4661 48 of of IN 34823 4661 49 it -PRON- PRP 34823 4661 50 . . . 34823 4662 1 They -PRON- PRP 34823 4662 2 will will MD 34823 4662 3 do do VB 34823 4662 4 this this DT 34823 4662 5 , , , 34823 4662 6 because because IN 34823 4662 7 they -PRON- PRP 34823 4662 8 will will MD 34823 4662 9 see see VB 34823 4662 10 that that IN 34823 4662 11 they -PRON- PRP 34823 4662 12 can can MD 34823 4662 13 thereby thereby RB 34823 4662 14 get get VB 34823 4662 15 other other JJ 34823 4662 16 things thing NNS 34823 4662 17 which which WDT 34823 4662 18 they -PRON- PRP 34823 4662 19 do do VBP 34823 4662 20 need need VB 34823 4662 21 more more RBR 34823 4662 22 easily easily RB 34823 4662 23 than than IN 34823 4662 24 in in IN 34823 4662 25 other other JJ 34823 4662 26 ways way NNS 34823 4662 27 . . . 34823 4663 1 With with IN 34823 4663 2 the the DT 34823 4663 3 accumulation accumulation NN 34823 4663 4 of of IN 34823 4663 5 a a DT 34823 4663 6 given give VBN 34823 4663 7 kind kind NN 34823 4663 8 of of IN 34823 4663 9 highly highly RB 34823 4663 10 saleable saleable JJ 34823 4663 11 goods good NNS 34823 4663 12 , , , 34823 4663 13 in in IN 34823 4663 14 excess excess NN 34823 4663 15 , , , 34823 4663 16 by by IN 34823 4663 17 a a DT 34823 4663 18 few few JJ 34823 4663 19 men man NNS 34823 4663 20 in in IN 34823 4663 21 the the DT 34823 4663 22 group group NN 34823 4663 23 , , , 34823 4663 24 in in IN 34823 4663 25 the the DT 34823 4663 26 expectation expectation NN 34823 4663 27 that that IN 34823 4663 28 the the DT 34823 4663 29 surplus surplus NN 34823 4663 30 will will MD 34823 4663 31 subsequently subsequently RB 34823 4663 32 be be VB 34823 4663 33 used use VBN 34823 4663 34 to to TO 34823 4663 35 buy buy VB 34823 4663 36 other other JJ 34823 4663 37 goods,--as goods,--as NNP 34823 4663 38 yet yet CC 34823 4663 39 perhaps perhaps RB 34823 4663 40 not not RB 34823 4663 41 specifically specifically RB 34823 4663 42 determined determined JJ 34823 4663 43 -- -- : 34823 4663 44 we -PRON- PRP 34823 4663 45 have have VBP 34823 4663 46 , , , 34823 4663 47 not not RB 34823 4663 48 money money NN 34823 4663 49 , , , 34823 4663 50 but but CC 34823 4663 51 a a DT 34823 4663 52 big big JJ 34823 4663 53 step step NN 34823 4663 54 toward toward IN 34823 4663 55 money money NN 34823 4663 56 . . . 34823 4664 1 At at IN 34823 4664 2 first first RB 34823 4664 3 only only RB 34823 4664 4 a a DT 34823 4664 5 few few JJ 34823 4664 6 grasp grasp NN 34823 4664 7 the the DT 34823 4664 8 great great JJ 34823 4664 9 idea idea NN 34823 4664 10 . . . 34823 4665 1 They -PRON- PRP 34823 4665 2 succeed succeed VBP 34823 4665 3 and and CC 34823 4665 4 become become VBP 34823 4665 5 wealthy wealthy JJ 34823 4665 6 . . . 34823 4666 1 Then then RB 34823 4666 2 others other NNS 34823 4666 3 see see VBP 34823 4666 4 the the DT 34823 4666 5 advantage advantage NN 34823 4666 6 of of IN 34823 4666 7 the the DT 34823 4666 8 thing thing NN 34823 4666 9 , , , 34823 4666 10 and and CC 34823 4666 11 imitate imitate VB 34823 4666 12 them -PRON- PRP 34823 4666 13 . . . 34823 4667 1 The the DT 34823 4667 2 prestige prestige NN 34823 4667 3 of of IN 34823 4667 4 the the DT 34823 4667 5 wealthy wealthy JJ 34823 4667 6 and and CC 34823 4667 7 successful successful JJ 34823 4667 8 men man NNS 34823 4667 9 would would MD 34823 4667 10 induce induce VB 34823 4667 11 imitation imitation NN 34823 4667 12 even even RB 34823 4667 13 if if IN 34823 4667 14 the the DT 34823 4667 15 advantage advantage NN 34823 4667 16 were be VBD 34823 4667 17 not not RB 34823 4667 18 clearly clearly RB 34823 4667 19 seen see VBN 34823 4667 20 . . . 34823 4668 1 Then then RB 34823 4668 2 a a DT 34823 4668 3 tradition tradition NN 34823 4668 4 and and CC 34823 4668 5 a a DT 34823 4668 6 custom custom NN 34823 4668 7 grows grow VBZ 34823 4668 8 up up RP 34823 4668 9 . . . 34823 4669 1 With with IN 34823 4669 2 the the DT 34823 4669 3 growth growth NN 34823 4669 4 of of IN 34823 4669 5 tradition tradition NN 34823 4669 6 and and CC 34823 4669 7 custom custom NN 34823 4669 8 , , , 34823 4669 9 picking pick VBG 34823 4669 10 out out RP 34823 4669 11 one one CD 34823 4669 12 or or CC 34823 4669 13 a a DT 34823 4669 14 small small JJ 34823 4669 15 number number NN 34823 4669 16 of of IN 34823 4669 17 things thing NNS 34823 4669 18 as as IN 34823 4669 19 particularly particularly RB 34823 4669 20 desirable desirable JJ 34823 4669 21 objects object NNS 34823 4669 22 to to TO 34823 4669 23 accumulate accumulate VB 34823 4669 24 because because IN 34823 4669 25 of of IN 34823 4669 26 their -PRON- PRP$ 34823 4669 27 saleability saleability NN 34823 4669 28 , , , 34823 4669 29 with with IN 34823 4669 30 the the DT 34823 4669 31 practice practice NN 34823 4669 32 of of IN 34823 4669 33 accumulating accumulate VBG 34823 4669 34 these these DT 34823 4669 35 articles article NNS 34823 4669 36 in in IN 34823 4669 37 excess excess NN 34823 4669 38 of of IN 34823 4669 39 intended intended JJ 34823 4669 40 consumption consumption NN 34823 4669 41 , , , 34823 4669 42 money money NN 34823 4669 43 becomes become VBZ 34823 4669 44 an an DT 34823 4669 45 accomplished accomplished JJ 34823 4669 46 fact fact NN 34823 4669 47 . . . 34823 4670 1 There there EX 34823 4670 2 is be VBZ 34823 4670 3 no no DT 34823 4670 4 need need NN 34823 4670 5 for for IN 34823 4670 6 agreement agreement NN 34823 4670 7 or or CC 34823 4670 8 legislation legislation NN 34823 4670 9 . . . 34823 4671 1 Money money NN 34823 4671 2 is be VBZ 34823 4671 3 not not RB 34823 4671 4 , , , 34823 4671 5 in in IN 34823 4671 6 its -PRON- PRP$ 34823 4671 7 origin origin NN 34823 4671 8 , , , 34823 4671 9 certainly certainly RB 34823 4671 10 , , , 34823 4671 11 a a DT 34823 4671 12 matter matter NN 34823 4671 13 of of IN 34823 4671 14 law law NN 34823 4671 15 or or CC 34823 4671 16 conscious conscious JJ 34823 4671 17 public public JJ 34823 4671 18 planning planning NN 34823 4671 19 . . . 34823 4672 1 With with IN 34823 4672 2 the the DT 34823 4672 3 development development NN 34823 4672 4 of of IN 34823 4672 5 a a DT 34823 4672 6 highly highly RB 34823 4672 7 saleable saleable JJ 34823 4672 8 article article NN 34823 4672 9 into into IN 34823 4672 10 money money NN 34823 4672 11 , , , 34823 4672 12 moreover moreover RB 34823 4672 13 , , , 34823 4672 14 we -PRON- PRP 34823 4672 15 have have VBP 34823 4672 16 further further RB 34823 4672 17 a a DT 34823 4672 18 great great JJ 34823 4672 19 increase increase NN 34823 4672 20 in in IN 34823 4672 21 that that DT 34823 4672 22 saleability saleability NN 34823 4672 23 itself -PRON- PRP 34823 4672 24 . . . 34823 4673 1 The the DT 34823 4673 2 quality quality NN 34823 4673 3 which which WDT 34823 4673 4 made make VBD 34823 4673 5 the the DT 34823 4673 6 practice practice NN 34823 4673 7 possible possible JJ 34823 4673 8 becomes become VBZ 34823 4673 9 greatly greatly RB 34823 4673 10 enhanced enhance VBN 34823 4673 11 by by IN 34823 4673 12 the the DT 34823 4673 13 practice practice NN 34823 4673 14 . . . 34823 4674 1 Menger Menger NNP 34823 4674 2 thinks think VBZ 34823 4674 3 that that IN 34823 4674 4 this this DT 34823 4674 5 leads lead VBZ 34823 4674 6 to to IN 34823 4674 7 an an DT 34823 4674 8 absolute absolute JJ 34823 4674 9 difference difference NN 34823 4674 10 between between IN 34823 4674 11 money money NN 34823 4674 12 and and CC 34823 4674 13 goods good NNS 34823 4674 14 , , , 34823 4674 15 the the DT 34823 4674 16 money money NN 34823 4674 17 article article NN 34823 4674 18 , , , 34823 4674 19 which which WDT 34823 4674 20 formerly formerly RB 34823 4674 21 was be VBD 34823 4674 22 merely merely RB 34823 4674 23 superior superior JJ 34823 4674 24 to to IN 34823 4674 25 other other JJ 34823 4674 26 goods good NNS 34823 4674 27 in in IN 34823 4674 28 saleability saleability NN 34823 4674 29 , , , 34823 4674 30 now now RB 34823 4674 31 becomes become VBZ 34823 4674 32 absolutely absolutely RB 34823 4674 33 saleable saleable JJ 34823 4674 34 . . . 34823 4675 1 The the DT 34823 4675 2 absoluteness absoluteness NN 34823 4675 3 of of IN 34823 4675 4 this this DT 34823 4675 5 distinction distinction NN 34823 4675 6 , , , 34823 4675 7 which which WDT 34823 4675 8 would would MD 34823 4675 9 make make VB 34823 4675 10 it -PRON- PRP 34823 4675 11 a a DT 34823 4675 12 distinction distinction NN 34823 4675 13 in in IN 34823 4675 14 kind kind NN 34823 4675 15 , , , 34823 4675 16 rather rather RB 34823 4675 17 than than IN 34823 4675 18 in in IN 34823 4675 19 degree degree NN 34823 4675 20 , , , 34823 4675 21 seems seem VBZ 34823 4675 22 to to IN 34823 4675 23 me -PRON- PRP 34823 4675 24 not not RB 34823 4675 25 to to TO 34823 4675 26 be be VB 34823 4675 27 sound sound JJ 34823 4675 28 . . . 34823 4676 1 I -PRON- PRP 34823 4676 2 think think VBP 34823 4676 3 that that IN 34823 4676 4 the the DT 34823 4676 5 distinction distinction NN 34823 4676 6 remains remain VBZ 34823 4676 7 a a DT 34823 4676 8 distinction distinction NN 34823 4676 9 of of IN 34823 4676 10 degree degree NN 34823 4676 11 . . . 34823 4677 1 For for IN 34823 4677 2 one one CD 34823 4677 3 thing thing NN 34823 4677 4 , , , 34823 4677 5 the the DT 34823 4677 6 development development NN 34823 4677 7 of of IN 34823 4677 8 money money NN 34823 4677 9 , , , 34823 4677 10 while while IN 34823 4677 11 it -PRON- PRP 34823 4677 12 adds add VBZ 34823 4677 13 to to IN 34823 4677 14 the the DT 34823 4677 15 saleability saleability NN 34823 4677 16 of of IN 34823 4677 17 the the DT 34823 4677 18 money money NN 34823 4677 19 - - HYPH 34823 4677 20 commodity commodity NN 34823 4677 21 , , , 34823 4677 22 _ _ NNP 34823 4677 23 also also RB 34823 4677 24 adds add VBZ 34823 4677 25 to to IN 34823 4677 26 the the DT 34823 4677 27 saleability saleability NN 34823 4677 28 of of IN 34823 4677 29 other other JJ 34823 4677 30 goods good NNS 34823 4677 31 _ _ NNP 34823 4677 32 . . . 34823 4678 1 _ _ NNP 34823 4678 2 Two Two NNP 34823 4678 3 _ _ NNP 34823 4678 4 things thing NNS 34823 4678 5 must must MD 34823 4678 6 be be VB 34823 4678 7 exchanged exchange VBN 34823 4678 8 , , , 34823 4678 9 in in IN 34823 4678 10 order order NN 34823 4678 11 that that IN 34823 4678 12 _ _ NNP 34823 4678 13 one one CD 34823 4678 14 _ _ NNP 34823 4678 15 may may MD 34823 4678 16 be be VB 34823 4678 17 ! ! . 34823 4679 1 It -PRON- PRP 34823 4679 2 is be VBZ 34823 4679 3 the the DT 34823 4679 4 business business NN 34823 4679 5 of of IN 34823 4679 6 money money NN 34823 4679 7 to to TO 34823 4679 8 facilitate facilitate VB 34823 4679 9 exchange exchange NN 34823 4679 10 , , , 34823 4679 11 to to TO 34823 4679 12 overcome overcome VB 34823 4679 13 the the DT 34823 4679 14 difficulties difficulty NNS 34823 4679 15 of of IN 34823 4679 16 barter barter NN 34823 4679 17 , , , 34823 4679 18 to to TO 34823 4679 19 bring bring VB 34823 4679 20 about about RP 34823 4679 21 the the DT 34823 4679 22 fluid fluid JJ 34823 4679 23 market market NN 34823 4679 24 . . . 34823 4680 1 And and CC 34823 4680 2 it -PRON- PRP 34823 4680 3 does do VBZ 34823 4680 4 this this DT 34823 4680 5 not not RB 34823 4680 6 merely merely RB 34823 4680 7 by by IN 34823 4680 8 acting act VBG 34823 4680 9 as as IN 34823 4680 10 a a DT 34823 4680 11 medium medium NN 34823 4680 12 of of IN 34823 4680 13 exchange exchange NN 34823 4680 14 . . . 34823 4681 1 The the DT 34823 4681 2 fact fact NN 34823 4681 3 that that IN 34823 4681 4 goods good NNS 34823 4681 5 can can MD 34823 4681 6 be be VB 34823 4681 7 _ _ NNP 34823 4681 8 priced price VBN 34823 4681 9 _ _ NNP 34823 4681 10 in in IN 34823 4681 11 terms term NNS 34823 4681 12 of of IN 34823 4681 13 money money NN 34823 4681 14 , , , 34823 4681 15 can can MD 34823 4681 16 have have VB 34823 4681 17 a a DT 34823 4681 18 common common JJ 34823 4681 19 measure measure NN 34823 4681 20 of of IN 34823 4681 21 value value NN 34823 4681 22 , , , 34823 4681 23 makes make VBZ 34823 4681 24 barter barter NN 34823 4681 25 itself -PRON- PRP 34823 4681 26 easier easier RBR 34823 4681 27 , , , 34823 4681 28 as as IN 34823 4681 29 I -PRON- PRP 34823 4681 30 have have VBP 34823 4681 31 shown show VBN 34823 4681 32 in in IN 34823 4681 33 my -PRON- PRP$ 34823 4681 34 chapter chapter NN 34823 4681 35 on on IN 34823 4681 36 " " `` 34823 4681 37 Barter Barter NNP 34823 4681 38 " " '' 34823 4681 39 in in IN 34823 4681 40 Part Part NNP 34823 4681 41 II II NNP 34823 4681 42 . . . 34823 4682 1 There there EX 34823 4682 2 are be VBP 34823 4682 3 many many JJ 34823 4682 4 articles article NNS 34823 4682 5 in in IN 34823 4682 6 trade trade NN 34823 4682 7 at at IN 34823 4682 8 the the DT 34823 4682 9 present present JJ 34823 4682 10 time time NN 34823 4682 11 whose whose WP$ 34823 4682 12 saleability saleability NN 34823 4682 13 is be VBZ 34823 4682 14 not not RB 34823 4682 15 much much RB 34823 4682 16 less less JJR 34823 4682 17 than than IN 34823 4682 18 that that DT 34823 4682 19 of of IN 34823 4682 20 money money NN 34823 4682 21 , , , 34823 4682 22 in in IN 34823 4682 23 ordinary ordinary JJ 34823 4682 24 times time NNS 34823 4682 25 . . . 34823 4683 1 Wheat wheat NN 34823 4683 2 in in IN 34823 4683 3 the the DT 34823 4683 4 grain grain NN 34823 4683 5 pit pit NN 34823 4683 6 is be VBZ 34823 4683 7 surely surely RB 34823 4683 8 highly highly RB 34823 4683 9 saleable saleable JJ 34823 4683 10 . . . 34823 4684 1 Stocks stock NNS 34823 4684 2 and and CC 34823 4684 3 bonds bond NNS 34823 4684 4 are be VBP 34823 4684 5 . . . 34823 4685 1 If if IN 34823 4685 2 it -PRON- PRP 34823 4685 3 be be VB 34823 4685 4 objected object VBN 34823 4685 5 that that IN 34823 4685 6 in in IN 34823 4685 7 the the DT 34823 4685 8 wheat wheat NN 34823 4685 9 market market NN 34823 4685 10 there there EX 34823 4685 11 is be VBZ 34823 4685 12 always always RB 34823 4685 13 some some DT 34823 4685 14 difference difference NN 34823 4685 15 between between IN 34823 4685 16 buying buy VBG 34823 4685 17 price price NN 34823 4685 18 and and CC 34823 4685 19 selling selling NN 34823 4685 20 price price NN 34823 4685 21 , , , 34823 4685 22 if if IN 34823 4685 23 considerable considerable JJ 34823 4685 24 quantities quantity NNS 34823 4685 25 are be VBP 34823 4685 26 involved involve VBN 34823 4685 27 , , , 34823 4685 28 it -PRON- PRP 34823 4685 29 may may MD 34823 4685 30 be be VB 34823 4685 31 answered answer VBN 34823 4685 32 that that IN 34823 4685 33 the the DT 34823 4685 34 same same JJ 34823 4685 35 is be VBZ 34823 4685 36 true true JJ 34823 4685 37 in in IN 34823 4685 38 the the DT 34823 4685 39 " " `` 34823 4685 40 money money NN 34823 4685 41 market market NN 34823 4685 42 " " '' 34823 4685 43 The the DT 34823 4685 44 man man NN 34823 4685 45 who who WP 34823 4685 46 has have VBZ 34823 4685 47 just just RB 34823 4685 48 negotiated negotiate VBN 34823 4685 49 a a DT 34823 4685 50 three three CD 34823 4685 51 months month NNS 34823 4685 52 ' ' POS 34823 4685 53 loan loan NN 34823 4685 54 of of IN 34823 4685 55 five five CD 34823 4685 56 hundred hundred CD 34823 4685 57 thousand thousand CD 34823 4685 58 dollars dollar NNS 34823 4685 59 at at IN 34823 4685 60 3 3 CD 34823 4685 61 - - SYM 34823 4685 62 1/2 1/2 CD 34823 4685 63 % % NN 34823 4685 64 may may MD 34823 4685 65 well well RB 34823 4685 66 have have VB 34823 4685 67 trouble trouble NN 34823 4685 68 in in IN 34823 4685 69 turning turn VBG 34823 4685 70 that that DT 34823 4685 71 loan loan NN 34823 4685 72 over over RP 34823 4685 73 to to IN 34823 4685 74 someone someone NN 34823 4685 75 else else RB 34823 4685 76 immediately immediately RB 34823 4685 77 without without IN 34823 4685 78 shaving shave VBG 34823 4685 79 1/4 1/4 CD 34823 4685 80 % % NN 34823 4685 81 from from IN 34823 4685 82 the the DT 34823 4685 83 money money NN 34823 4685 84 - - HYPH 34823 4685 85 rate rate NN 34823 4685 86 ! ! . 34823 4686 1 Besides besides RB 34823 4686 2 , , , 34823 4686 3 it -PRON- PRP 34823 4686 4 is be VBZ 34823 4686 5 not not RB 34823 4686 6 true true JJ 34823 4686 7 that that IN 34823 4686 8 values value NNS 34823 4686 9 remain remain VBP 34823 4686 10 unchanged unchanged JJ 34823 4686 11 when when WRB 34823 4686 12 a a DT 34823 4686 13 big big JJ 34823 4686 14 buyer buyer NN 34823 4686 15 shifts shift NNS 34823 4686 16 from from IN 34823 4686 17 the the DT 34823 4686 18 bull bull NN 34823 4686 19 to to IN 34823 4686 20 the the DT 34823 4686 21 bear bear NN 34823 4686 22 side side NN 34823 4686 23 of of IN 34823 4686 24 the the DT 34823 4686 25 market market NN 34823 4686 26 . . . 34823 4687 1 Buying buying NN 34823 4687 2 price price NN 34823 4687 3 is be VBZ 34823 4687 4 higher high JJR 34823 4687 5 than than IN 34823 4687 6 selling sell VBG 34823 4687 7 price price NN 34823 4687 8 in in IN 34823 4687 9 that that DT 34823 4687 10 case case NN 34823 4687 11 partly partly RB 34823 4687 12 because because IN 34823 4687 13 _ _ NNP 34823 4687 14 his -PRON- PRP$ 34823 4687 15 economic economic JJ 34823 4687 16 power power NN 34823 4687 17 _ _ NNP 34823 4687 18 has have VBZ 34823 4687 19 ceased cease VBN 34823 4687 20 to to TO 34823 4687 21 sustain sustain VB 34823 4687 22 the the DT 34823 4687 23 value value NN 34823 4687 24 of of IN 34823 4687 25 the the DT 34823 4687 26 wheat wheat NN 34823 4687 27 , , , 34823 4687 28 and and CC 34823 4687 29 the the DT 34823 4687 30 price price NN 34823 4687 31 would would MD 34823 4687 32 not not RB 34823 4687 33 correctly correctly RB 34823 4687 34 express express VB 34823 4687 35 the the DT 34823 4687 36 value value NN 34823 4687 37 if if IN 34823 4687 38 it -PRON- PRP 34823 4687 39 remained remain VBD 34823 4687 40 uninfluenced uninfluenced JJ 34823 4687 41 by by IN 34823 4687 42 that that DT 34823 4687 43 fact fact NN 34823 4687 44 . . . 34823 4688 1 Further further RB 34823 4688 2 , , , 34823 4688 3 as as IN 34823 4688 4 we -PRON- PRP 34823 4688 5 shall shall MD 34823 4688 6 see see VB 34823 4688 7 when when WRB 34823 4688 8 we -PRON- PRP 34823 4688 9 come come VBP 34823 4688 10 to to IN 34823 4688 11 the the DT 34823 4688 12 analysis analysis NN 34823 4688 13 of of IN 34823 4688 14 credit credit NN 34823 4688 15 , , , 34823 4688 16 one one CD 34823 4688 17 chief chief JJ 34823 4688 18 function function NN 34823 4688 19 of of IN 34823 4688 20 modern modern JJ 34823 4688 21 credit credit NN 34823 4688 22 is be VBZ 34823 4688 23 to to TO 34823 4688 24 increase increase VB 34823 4688 25 the the DT 34823 4688 26 _ _ NNP 34823 4688 27 saleability saleability NN 34823 4688 28 of of IN 34823 4688 29 goods good NNS 34823 4688 30 _ _ NNP 34823 4688 31 , , , 34823 4688 32 and and CC 34823 4688 33 to to TO 34823 4688 34 enable enable VB 34823 4688 35 men man NNS 34823 4688 36 to to TO 34823 4688 37 use use VB 34823 4688 38 the the DT 34823 4688 39 value value NN 34823 4688 40 of of IN 34823 4688 41 their -PRON- PRP$ 34823 4688 42 goods good NNS 34823 4688 43 in in IN 34823 4688 44 effecting effect VBG 34823 4688 45 exchanges exchange NNS 34823 4688 46 without without IN 34823 4688 47 actually actually RB 34823 4688 48 alienating alienate VBG 34823 4688 49 their -PRON- PRP$ 34823 4688 50 property property NN 34823 4688 51 in in IN 34823 4688 52 the the DT 34823 4688 53 goods good NNS 34823 4688 54 . . . 34823 4689 1 It -PRON- PRP 34823 4689 2 seems seem VBZ 34823 4689 3 to to IN 34823 4689 4 me -PRON- PRP 34823 4689 5 that that IN 34823 4689 6 the the DT 34823 4689 7 drift drift NN 34823 4689 8 of of IN 34823 4689 9 modern modern JJ 34823 4689 10 systems system NNS 34823 4689 11 of of IN 34823 4689 12 exchange exchange NN 34823 4689 13 is be VBZ 34823 4689 14 toward toward IN 34823 4689 15 closing close VBG 34823 4689 16 up up RP 34823 4689 17 the the DT 34823 4689 18 gap gap NN 34823 4689 19 between between IN 34823 4689 20 money money NN 34823 4689 21 and and CC 34823 4689 22 goods good NNS 34823 4689 23 , , , 34823 4689 24 in in IN 34823 4689 25 respect respect NN 34823 4689 26 of of IN 34823 4689 27 saleability saleability NN 34823 4689 28 , , , 34823 4689 29 rather rather RB 34823 4689 30 than than IN 34823 4689 31 to to TO 34823 4689 32 widen widen VB 34823 4689 33 it -PRON- PRP 34823 4689 34 . . . 34823 4690 1 [ [ -LRB- 34823 4690 2 460 460 CD 34823 4690 3 ] ] -RRB- 34823 4690 4 But but CC 34823 4690 5 this this DT 34823 4690 6 is be VBZ 34823 4690 7 to to TO 34823 4690 8 anticipate anticipate VB 34823 4690 9 later later JJ 34823 4690 10 discussion discussion NN 34823 4690 11 . . . 34823 4691 1 It -PRON- PRP 34823 4691 2 is be VBZ 34823 4691 3 not not RB 34823 4691 4 necessary necessary JJ 34823 4691 5 , , , 34823 4691 6 in in IN 34823 4691 7 answering answer VBG 34823 4691 8 our -PRON- PRP$ 34823 4691 9 second second JJ 34823 4691 10 question question NN 34823 4691 11 , , , 34823 4691 12 as as IN 34823 4691 13 to to IN 34823 4691 14 the the DT 34823 4691 15 reasons reason NNS 34823 4691 16 why why WRB 34823 4691 17 gold gold NN 34823 4691 18 and and CC 34823 4691 19 silver silver NN 34823 4691 20 have have VBP 34823 4691 21 become become VBN 34823 4691 22 the the DT 34823 4691 23 standard standard JJ 34823 4691 24 money money NN 34823 4691 25 of of IN 34823 4691 26 the the DT 34823 4691 27 world world NN 34823 4691 28 , , , 34823 4691 29 to to TO 34823 4691 30 go go VB 34823 4691 31 far far RB 34823 4691 32 in in IN 34823 4691 33 the the DT 34823 4691 34 study study NN 34823 4691 35 of of IN 34823 4691 36 primitive primitive JJ 34823 4691 37 moneys money NNS 34823 4691 38 . . . 34823 4692 1 Wheat wheat NN 34823 4692 2 has have VBZ 34823 4692 3 almost almost RB 34823 4692 4 never never RB 34823 4692 5 been be VBN 34823 4692 6 money money NN 34823 4692 7 . . . 34823 4693 1 The the DT 34823 4693 2 value value NN 34823 4693 3 of of IN 34823 4693 4 wheat wheat NN 34823 4693 5 sinks sink NNS 34823 4693 6 rapidly rapidly RB 34823 4693 7 with with IN 34823 4693 8 increase increase NN 34823 4693 9 in in IN 34823 4693 10 supply supply NN 34823 4693 11 , , , 34823 4693 12 and and CC 34823 4693 13 is be VBZ 34823 4693 14 very very RB 34823 4693 15 unstable unstable JJ 34823 4693 16 . . . 34823 4694 1 Wheat wheat NN 34823 4694 2 meets meet VBZ 34823 4694 3 some some DT 34823 4694 4 other other JJ 34823 4694 5 tests test NNS 34823 4694 6 that that WDT 34823 4694 7 fit fit VBP 34823 4694 8 it -PRON- PRP 34823 4694 9 for for IN 34823 4694 10 money money NN 34823 4694 11 , , , 34823 4694 12 as as IN 34823 4694 13 easy easy JJ 34823 4694 14 divisibility divisibility NN 34823 4694 15 , , , 34823 4694 16 ease ease VB 34823 4694 17 in in IN 34823 4694 18 standardization standardization NN 34823 4694 19 , , , 34823 4694 20 and and CC 34823 4694 21 even even RB 34823 4694 22 has have VBZ 34823 4694 23 some some DT 34823 4694 24 degree degree NN 34823 4694 25 of of IN 34823 4694 26 durability durability NN 34823 4694 27 , , , 34823 4694 28 though though IN 34823 4694 29 subject subject JJ 34823 4694 30 to to IN 34823 4694 31 deterioration deterioration NN 34823 4694 32 and and CC 34823 4694 33 waste waste NN 34823 4694 34 with with IN 34823 4694 35 keeping keeping NN 34823 4694 36 , , , 34823 4694 37 and and CC 34823 4694 38 involving involve VBG 34823 4694 39 expense expense NN 34823 4694 40 in in IN 34823 4694 41 keeping keep VBG 34823 4694 42 . . . 34823 4695 1 Carlile Carlile NNP 34823 4695 2 and and CC 34823 4695 3 Ridgeway Ridgeway NNP 34823 4695 4 think think VBP 34823 4695 5 that that IN 34823 4695 6 wheat wheat NN 34823 4695 7 was be VBD 34823 4695 8 used use VBN 34823 4695 9 to to IN 34823 4695 10 some some DT 34823 4695 11 extent extent NN 34823 4695 12 among among IN 34823 4695 13 the the DT 34823 4695 14 Greeks Greeks NNPS 34823 4695 15 in in IN 34823 4695 16 Southern Southern NNP 34823 4695 17 Italy Italy NNP 34823 4695 18 as as IN 34823 4695 19 money money NN 34823 4695 20 , , , 34823 4695 21 at at IN 34823 4695 22 one one CD 34823 4695 23 time time NN 34823 4695 24 . . . 34823 4696 1 [ [ -LRB- 34823 4696 2 461 461 CD 34823 4696 3 ] ] -RRB- 34823 4696 4 But but CC 34823 4696 5 this this DT 34823 4696 6 was be VBD 34823 4696 7 possible possible JJ 34823 4696 8 because because IN 34823 4696 9 there there EX 34823 4696 10 was be VBD 34823 4696 11 a a DT 34823 4696 12 regular regular JJ 34823 4696 13 export export NN 34823 4696 14 trade trade NN 34823 4696 15 in in IN 34823 4696 16 wheat wheat NN 34823 4696 17 -- -- : 34823 4696 18 the the DT 34823 4696 19 same same JJ 34823 4696 20 thing thing NN 34823 4696 21 that that WDT 34823 4696 22 made make VBD 34823 4696 23 tobacco tobacco NN 34823 4696 24 available available JJ 34823 4696 25 as as IN 34823 4696 26 money money NN 34823 4696 27 in in IN 34823 4696 28 Virginia Virginia NNP 34823 4696 29 . . . 34823 4697 1 In in IN 34823 4697 2 general general JJ 34823 4697 3 , , , 34823 4697 4 however however RB 34823 4697 5 , , , 34823 4697 6 commodities commodity NNS 34823 4697 7 which which WDT 34823 4697 8 minister minister VBP 34823 4697 9 to to TO 34823 4697 10 easily easily RB 34823 4697 11 satiable satiable VB 34823 4697 12 wants want VBZ 34823 4697 13 are be VBP 34823 4697 14 ill ill RB 34823 4697 15 - - HYPH 34823 4697 16 adapted adapt VBN 34823 4697 17 for for IN 34823 4697 18 money money NN 34823 4697 19 . . . 34823 4698 1 And and CC 34823 4698 2 that that DT 34823 4698 3 is be VBZ 34823 4698 4 especially especially RB 34823 4698 5 true true JJ 34823 4698 6 of of IN 34823 4698 7 current current JJ 34823 4698 8 stocks stock NNS 34823 4698 9 of of IN 34823 4698 10 goods good NNS 34823 4698 11 currently currently RB 34823 4698 12 consumed consume VBN 34823 4698 13 . . . 34823 4699 1 The the DT 34823 4699 2 accumulation accumulation NN 34823 4699 3 of of IN 34823 4699 4 money money NN 34823 4699 5 , , , 34823 4699 6 moreover moreover RB 34823 4699 7 , , , 34823 4699 8 implies imply VBZ 34823 4699 9 a a DT 34823 4699 10 stage stage NN 34823 4699 11 of of IN 34823 4699 12 human human JJ 34823 4699 13 development development NN 34823 4699 14 where where WRB 34823 4699 15 the the DT 34823 4699 16 accumulation accumulation NN 34823 4699 17 of of IN 34823 4699 18 _ _ NNP 34823 4699 19 capital capital NN 34823 4699 20 _ _ NNP 34823 4699 21 is be VBZ 34823 4699 22 possible possible JJ 34823 4699 23 . . . 34823 4700 1 It -PRON- PRP 34823 4700 2 implies imply VBZ 34823 4700 3 foresight foresight NN 34823 4700 4 , , , 34823 4700 5 the the DT 34823 4700 6 suppression suppression NN 34823 4700 7 of of IN 34823 4700 8 present present JJ 34823 4700 9 wants want VBZ 34823 4700 10 in in IN 34823 4700 11 the the DT 34823 4700 12 interest interest NN 34823 4700 13 of of IN 34823 4700 14 future future NN 34823 4700 15 wants want VBZ 34823 4700 16 , , , 34823 4700 17 and and CC 34823 4700 18 almost almost RB 34823 4700 19 always always RB 34823 4700 20 money money NN 34823 4700 21 has have VBZ 34823 4700 22 been be VBN 34823 4700 23 a a DT 34823 4700 24 commodity commodity NN 34823 4700 25 well well RB 34823 4700 26 suited suited JJ 34823 4700 27 to to TO 34823 4700 28 serve serve VB 34823 4700 29 as as IN 34823 4700 30 provision provision NN 34823 4700 31 against against IN 34823 4700 32 future future JJ 34823 4700 33 contingencies contingency NNS 34823 4700 34 . . . 34823 4701 1 Cattle Cattle NNS 34823 4701 2 , , , 34823 4701 3 slaves slave NNS 34823 4701 4 , , , 34823 4701 5 knives knife NNS 34823 4701 6 , , , 34823 4701 7 fish fish NN 34823 4701 8 - - HYPH 34823 4701 9 hooks hook NNS 34823 4701 10 , , , 34823 4701 11 cooking cooking NN 34823 4701 12 implements implement NNS 34823 4701 13 , , , 34823 4701 14 and and CC 34823 4701 15 similar similar JJ 34823 4701 16 things thing NNS 34823 4701 17 have have VBP 34823 4701 18 been be VBN 34823 4701 19 money money NN 34823 4701 20 . . . 34823 4702 1 The the DT 34823 4702 2 " " `` 34823 4702 3 store store NN 34823 4702 4 of of IN 34823 4702 5 value value NN 34823 4702 6 " " `` 34823 4702 7 function function NN 34823 4702 8 manifests manifest VBZ 34823 4702 9 itself -PRON- PRP 34823 4702 10 early early RB 34823 4702 11 . . . 34823 4703 1 But but CC 34823 4703 2 very very RB 34823 4703 3 early early RB 34823 4703 4 a a DT 34823 4703 5 different different JJ 34823 4703 6 sort sort NN 34823 4703 7 of of IN 34823 4703 8 commodity commodity NN 34823 4703 9 comes come VBZ 34823 4703 10 in in RP 34823 4703 11 . . . 34823 4704 1 Articles article NNS 34823 4704 2 of of IN 34823 4704 3 _ _ NNP 34823 4704 4 ornament ornament NN 34823 4704 5 _ _ NNP 34823 4704 6 early early RB 34823 4704 7 begin begin VBP 34823 4704 8 to to TO 34823 4704 9 take take VB 34823 4704 10 the the DT 34823 4704 11 place place NN 34823 4704 12 of of IN 34823 4704 13 articles article NNS 34823 4704 14 that that WDT 34823 4704 15 minister minister VBP 34823 4704 16 to to IN 34823 4704 17 more more JJR 34823 4704 18 animal animal NN 34823 4704 19 wants want VBZ 34823 4704 20 . . . 34823 4705 1 It -PRON- PRP 34823 4705 2 seems seem VBZ 34823 4705 3 strange strange JJ 34823 4705 4 that that IN 34823 4705 5 articles article NNS 34823 4705 6 meeting meeting NN 34823 4705 7 wants want VBZ 34823 4705 8 which which WDT 34823 4705 9 are be VBP 34823 4705 10 commonly commonly RB 34823 4705 11 counted count VBN 34823 4705 12 frivolous frivolous JJ 34823 4705 13 and and CC 34823 4705 14 fanciful fanciful JJ 34823 4705 15 should should MD 34823 4705 16 distance distance VB 34823 4705 17 those those DT 34823 4705 18 obviously obviously RB 34823 4705 19 necessary necessary JJ 34823 4705 20 in in IN 34823 4705 21 the the DT 34823 4705 22 race race NN 34823 4705 23 for for IN 34823 4705 24 a a DT 34823 4705 25 place place NN 34823 4705 26 as as IN 34823 4705 27 money money NN 34823 4705 28 . . . 34823 4706 1 It -PRON- PRP 34823 4706 2 seems seem VBZ 34823 4706 3 strange strange JJ 34823 4706 4 that that IN 34823 4706 5 the the DT 34823 4706 6 nations nation NNS 34823 4706 7 now now RB 34823 4706 8 at at IN 34823 4706 9 war war NN 34823 4706 10 should should MD 34823 4706 11 seem seem VB 34823 4706 12 more more RBR 34823 4706 13 concerned concerned JJ 34823 4706 14 about about IN 34823 4706 15 their -PRON- PRP$ 34823 4706 16 gold gold JJ 34823 4706 17 supplies supply NNS 34823 4706 18 than than IN 34823 4706 19 about about IN 34823 4706 20 their -PRON- PRP$ 34823 4706 21 wheat wheat NN 34823 4706 22 supplies supply NNS 34823 4706 23 . . . 34823 4707 1 [ [ -LRB- 34823 4707 2 462 462 CD 34823 4707 3 ] ] -RRB- 34823 4707 4 But but CC 34823 4707 5 it -PRON- PRP 34823 4707 6 is be VBZ 34823 4707 7 none none NN 34823 4707 8 the the DT 34823 4707 9 less less RBR 34823 4707 10 a a DT 34823 4707 11 fact fact NN 34823 4707 12 that that IN 34823 4707 13 men man NNS 34823 4707 14 in in IN 34823 4707 15 all all DT 34823 4707 16 ages age NNS 34823 4707 17 have have VBP 34823 4707 18 been be VBN 34823 4707 19 enormously enormously RB 34823 4707 20 concerned concern VBN 34823 4707 21 about about IN 34823 4707 22 ornament ornament JJ 34823 4707 23 . . . 34823 4708 1 In in IN 34823 4708 2 warm warm JJ 34823 4708 3 regions region NNS 34823 4708 4 , , , 34823 4708 5 ornament ornament NN 34823 4708 6 has have VBZ 34823 4708 7 commonly commonly RB 34823 4708 8 preceded precede VBN 34823 4708 9 clothing clothing NN 34823 4708 10 . . . 34823 4709 1 Very very RB 34823 4709 2 early early RB 34823 4709 3 , , , 34823 4709 4 necklaces necklace NNS 34823 4709 5 , , , 34823 4709 6 bracelets bracelet NNS 34823 4709 7 , , , 34823 4709 8 rings ring NNS 34823 4709 9 , , , 34823 4709 10 earrings earring NNS 34823 4709 11 , , , 34823 4709 12 nose nose NN 34823 4709 13 - - HYPH 34823 4709 14 pendants pendant NNS 34823 4709 15 , , , 34823 4709 16 etc etc FW 34823 4709 17 . . . 34823 4709 18 , , , 34823 4709 19 became become VBD 34823 4709 20 objects object NNS 34823 4709 21 of of IN 34823 4709 22 exceedingly exceedingly RB 34823 4709 23 great great JJ 34823 4709 24 desire desire NN 34823 4709 25 . . . 34823 4710 1 And and CC 34823 4710 2 very very RB 34823 4710 3 early early JJ 34823 4710 4 , , , 34823 4710 5 gold gold NN 34823 4710 6 and and CC 34823 4710 7 silver silver NN 34823 4710 8 were be VBD 34823 4710 9 used use VBN 34823 4710 10 for for IN 34823 4710 11 such such JJ 34823 4710 12 purposes purpose NNS 34823 4710 13 , , , 34823 4710 14 and and CC 34823 4710 15 men man NNS 34823 4710 16 made make VBD 34823 4710 17 long long JJ 34823 4710 18 expeditions expedition NNS 34823 4710 19 for for IN 34823 4710 20 them -PRON- PRP 34823 4710 21 and and CC 34823 4710 22 fought fight VBD 34823 4710 23 wars war NNS 34823 4710 24 for for IN 34823 4710 25 them -PRON- PRP 34823 4710 26 in in IN 34823 4710 27 very very RB 34823 4710 28 early early JJ 34823 4710 29 times time NNS 34823 4710 30 , , , 34823 4710 31 before before IN 34823 4710 32 the the DT 34823 4710 33 money money NN 34823 4710 34 economy economy NN 34823 4710 35 was be VBD 34823 4710 36 developed develop VBN 34823 4710 37 far far RB 34823 4710 38 . . . 34823 4711 1 Other other JJ 34823 4711 2 ornaments ornament NNS 34823 4711 3 than than IN 34823 4711 4 those those DT 34823 4711 5 made make VBN 34823 4711 6 of of IN 34823 4711 7 gold gold NN 34823 4711 8 and and CC 34823 4711 9 silver silver NN 34823 4711 10 have have VBP 34823 4711 11 also also RB 34823 4711 12 become become VBN 34823 4711 13 money money NN 34823 4711 14 . . . 34823 4712 1 Wampum Wampum NNP 34823 4712 2 , , , 34823 4712 3 polished polished JJ 34823 4712 4 shells shell NNS 34823 4712 5 , , , 34823 4712 6 iron iron NN 34823 4712 7 ornaments ornament NNS 34823 4712 8 , , , 34823 4712 9 etc etc FW 34823 4712 10 . . . 34823 4712 11 , , , 34823 4712 12 have have VBP 34823 4712 13 all all DT 34823 4712 14 been be VBN 34823 4712 15 money money NN 34823 4712 16 . . . 34823 4713 1 The the DT 34823 4713 2 Karoks Karoks NNP 34823 4713 3 of of IN 34823 4713 4 California California NNP 34823 4713 5 were be VBD 34823 4713 6 accustomed accustom VBN 34823 4713 7 to to TO 34823 4713 8 use use VB 34823 4713 9 strings string NNS 34823 4713 10 of of IN 34823 4713 11 shell shell JJ 34823 4713 12 ornaments ornament NNS 34823 4713 13 as as IN 34823 4713 14 money money NN 34823 4713 15 . . . 34823 4714 1 When when WRB 34823 4714 2 this this DT 34823 4714 3 was be VBD 34823 4714 4 supplanted supplant VBN 34823 4714 5 by by IN 34823 4714 6 American american JJ 34823 4714 7 silver silver NN 34823 4714 8 , , , 34823 4714 9 they -PRON- PRP 34823 4714 10 used use VBD 34823 4714 11 strings string NNS 34823 4714 12 of of IN 34823 4714 13 silver silver NN 34823 4714 14 coins coin NNS 34823 4714 15 as as IN 34823 4714 16 ornaments ornament NNS 34823 4714 17 , , , 34823 4714 18 dressing dress VBG 34823 4714 19 their -PRON- PRP$ 34823 4714 20 women woman NNS 34823 4714 21 lavishly lavishly RB 34823 4714 22 with with IN 34823 4714 23 rows row NNS 34823 4714 24 of of IN 34823 4714 25 silver silver NN 34823 4714 26 dimes dime NNS 34823 4714 27 , , , 34823 4714 28 quarters quarter NNS 34823 4714 29 , , , 34823 4714 30 and and CC 34823 4714 31 half half NN 34823 4714 32 - - HYPH 34823 4714 33 dollars dollar NNS 34823 4714 34 ! ! . 34823 4715 1 Ornament ornament NN 34823 4715 2 and and CC 34823 4715 3 money money NN 34823 4715 4 are be VBP 34823 4715 5 freely freely RB 34823 4715 6 _ _ NNP 34823 4715 7 inter_changeable inter_changeable NNP 34823 4715 8 in in IN 34823 4715 9 primitive primitive JJ 34823 4715 10 life life NN 34823 4715 11 . . . 34823 4716 1 To to NN 34823 4716 2 - - HYPH 34823 4716 3 day day NN 34823 4716 4 , , , 34823 4716 5 in in IN 34823 4716 6 the the DT 34823 4716 7 Western western JJ 34823 4716 8 world world NN 34823 4716 9 , , , 34823 4716 10 the the DT 34823 4716 11 thing thing NN 34823 4716 12 is be VBZ 34823 4716 13 more more RBR 34823 4716 14 specialized specialized JJ 34823 4716 15 and and CC 34823 4716 16 differentiated differentiated JJ 34823 4716 17 , , , 34823 4716 18 and and CC 34823 4716 19 the the DT 34823 4716 20 interchange interchange NN 34823 4716 21 of of IN 34823 4716 22 money money NN 34823 4716 23 and and CC 34823 4716 24 ornament ornament NN 34823 4716 25 is be VBZ 34823 4716 26 largely largely RB 34823 4716 27 confined confine VBN 34823 4716 28 to to IN 34823 4716 29 jewelers jeweler NNS 34823 4716 30 , , , 34823 4716 31 bankers banker NNS 34823 4716 32 , , , 34823 4716 33 especially especially RB 34823 4716 34 international international JJ 34823 4716 35 bankers banker NNS 34823 4716 36 , , , 34823 4716 37 gold gold NN 34823 4716 38 brokers broker NNS 34823 4716 39 , , , 34823 4716 40 and and CC 34823 4716 41 the the DT 34823 4716 42 mints mint NNS 34823 4716 43 , , , 34823 4716 44 _ _ NNP 34823 4716 45 through through IN 34823 4716 46 _ _ NNP 34823 4716 47 whom whom WP 34823 4716 48 the the DT 34823 4716 49 rest rest NN 34823 4716 50 of of IN 34823 4716 51 society society NN 34823 4716 52 make make VB 34823 4716 53 the the DT 34823 4716 54 interchange interchange NN 34823 4716 55 . . . 34823 4717 1 In in IN 34823 4717 2 India India NNP 34823 4717 3 , , , 34823 4717 4 however however RB 34823 4717 5 , , , 34823 4717 6 the the DT 34823 4717 7 peasant peasant NN 34823 4717 8 's 's POS 34823 4717 9 hoard hoard NN 34823 4717 10 takes take VBZ 34823 4717 11 the the DT 34823 4717 12 form form NN 34823 4717 13 of of IN 34823 4717 14 bracelets bracelet NNS 34823 4717 15 , , , 34823 4717 16 bangles bangle NNS 34823 4717 17 , , , 34823 4717 18 and and CC 34823 4717 19 earrings earring NNS 34823 4717 20 for for IN 34823 4717 21 his -PRON- PRP$ 34823 4717 22 wife wife NN 34823 4717 23 and and CC 34823 4717 24 daughters daughter NNS 34823 4717 25 , , , 34823 4717 26 and and CC 34823 4717 27 the the DT 34823 4717 28 peasant peasant NN 34823 4717 29 himself -PRON- PRP 34823 4717 30 seems seem VBZ 34823 4717 31 to to TO 34823 4717 32 regard regard VB 34823 4717 33 them -PRON- PRP 34823 4717 34 in in IN 34823 4717 35 the the DT 34823 4717 36 double double JJ 34823 4717 37 light light NN 34823 4717 38 of of IN 34823 4717 39 provision provision NN 34823 4717 40 for for IN 34823 4717 41 future future JJ 34823 4717 42 needs need NNS 34823 4717 43 , , , 34823 4717 44 and and CC 34823 4717 45 as as IN 34823 4717 46 conferring confer VBG 34823 4717 47 social social JJ 34823 4717 48 distinction distinction NN 34823 4717 49 . . . 34823 4718 1 They -PRON- PRP 34823 4718 2 are be VBP 34823 4718 3 both both DT 34823 4718 4 ornament ornament JJ 34823 4718 5 and and CC 34823 4718 6 savings saving NNS 34823 4718 7 bank bank NNP 34823 4718 8 , , , 34823 4718 9 and and CC 34823 4718 10 are be VBP 34823 4718 11 superior superior JJ 34823 4718 12 to to IN 34823 4718 13 a a DT 34823 4718 14 savings saving NNS 34823 4718 15 bank bank NN 34823 4718 16 from from IN 34823 4718 17 the the DT 34823 4718 18 standpoint standpoint NN 34823 4718 19 of of IN 34823 4718 20 effective effective JJ 34823 4718 21 saving saving NN 34823 4718 22 , , , 34823 4718 23 since since IN 34823 4718 24 the the DT 34823 4718 25 natives native NNS 34823 4718 26 would would MD 34823 4718 27 spend spend VB 34823 4718 28 what what WP 34823 4718 29 they -PRON- PRP 34823 4718 30 put put VBD 34823 4718 31 in in IN 34823 4718 32 the the DT 34823 4718 33 bank bank NN 34823 4718 34 , , , 34823 4718 35 but but CC 34823 4718 36 only only RB 34823 4718 37 famine famine NN 34823 4718 38 can can MD 34823 4718 39 make make VB 34823 4718 40 them -PRON- PRP 34823 4718 41 dispose dispose VB 34823 4718 42 of of IN 34823 4718 43 the the DT 34823 4718 44 ornaments ornament NNS 34823 4718 45 of of IN 34823 4718 46 their -PRON- PRP$ 34823 4718 47 women woman NNS 34823 4718 48 . . . 34823 4719 1 [ [ -LRB- 34823 4719 2 463 463 CD 34823 4719 3 ] ] -RRB- 34823 4719 4 Saving saving NN 34823 4719 5 is be VBZ 34823 4719 6 a a DT 34823 4719 7 practice practice NN 34823 4719 8 not not RB 34823 4719 9 easily easily RB 34823 4719 10 started start VBN 34823 4719 11 . . . 34823 4720 1 There there EX 34823 4720 2 are be VBP 34823 4720 3 powerful powerful JJ 34823 4720 4 motives motive NNS 34823 4720 5 in in IN 34823 4720 6 human human JJ 34823 4720 7 life life NN 34823 4720 8 making make VBG 34823 4720 9 for for IN 34823 4720 10 prodigality prodigality NN 34823 4720 11 . . . 34823 4721 1 Social social JJ 34823 4721 2 prestige prestige NN 34823 4721 3 comes come VBZ 34823 4721 4 to to IN 34823 4721 5 the the DT 34823 4721 6 man man NN 34823 4721 7 whose whose WP$ 34823 4721 8 hospitality hospitality NN 34823 4721 9 is be VBZ 34823 4721 10 lavish lavish JJ 34823 4721 11 . . . 34823 4722 1 Social social JJ 34823 4722 2 expectation expectation NN 34823 4722 3 , , , 34823 4722 4 which which WDT 34823 4722 5 is be VBZ 34823 4722 6 the the DT 34823 4722 7 most most RBS 34823 4722 8 powerful powerful JJ 34823 4722 9 steady steady JJ 34823 4722 10 motive motive JJ 34823 4722 11 power power NN 34823 4722 12 in in IN 34823 4722 13 human human JJ 34823 4722 14 life life NN 34823 4722 15 , , , 34823 4722 16 makes make VBZ 34823 4722 17 powerfully powerfully RB 34823 4722 18 for for IN 34823 4722 19 prodigality prodigality NN 34823 4722 20 . . . 34823 4723 1 Thrift thrift NN 34823 4723 2 is be VBZ 34823 4723 3 a a DT 34823 4723 4 virtue virtue NN 34823 4723 5 little little RB 34823 4723 6 esteemed esteemed JJ 34823 4723 7 among among IN 34823 4723 8 primitive primitive JJ 34823 4723 9 men man NNS 34823 4723 10 , , , 34823 4723 11 and and CC 34823 4723 12 none none NN 34823 4723 13 too too RB 34823 4723 14 highly highly RB 34823 4723 15 esteemed esteem VBN 34823 4723 16 among among IN 34823 4723 17 the the DT 34823 4723 18 masses masse NNS 34823 4723 19 in in IN 34823 4723 20 most most JJS 34823 4723 21 countries country NNS 34823 4723 22 . . . 34823 4724 1 The the DT 34823 4724 2 grudging grudging JJ 34823 4724 3 person person NN 34823 4724 4 , , , 34823 4724 5 the the DT 34823 4724 6 tightwad tightwad NNS 34823 4724 7 , , , 34823 4724 8 the the DT 34823 4724 9 man man NN 34823 4724 10 who who WP 34823 4724 11 fails fail VBZ 34823 4724 12 to to TO 34823 4724 13 do do VB 34823 4724 14 his -PRON- PRP$ 34823 4724 15 share share NN 34823 4724 16 of of IN 34823 4724 17 the the DT 34823 4724 18 treating treating NN 34823 4724 19 , , , 34823 4724 20 the the DT 34823 4724 21 woman woman NN 34823 4724 22 who who WP 34823 4724 23 entertains entertain VBZ 34823 4724 24 her -PRON- PRP$ 34823 4724 25 guests guest NNS 34823 4724 26 with with IN 34823 4724 27 inadequate inadequate JJ 34823 4724 28 fare fare NN 34823 4724 29 -- -- : 34823 4724 30 none none NN 34823 4724 31 of of IN 34823 4724 32 these these DT 34823 4724 33 enjoy enjoy VBP 34823 4724 34 high high JJ 34823 4724 35 social social JJ 34823 4724 36 esteem esteem NN 34823 4724 37 . . . 34823 4725 1 To to TO 34823 4725 2 offset offset VB 34823 4725 3 this this DT 34823 4725 4 , , , 34823 4725 5 a a DT 34823 4725 6 motive motive NN 34823 4725 7 equally equally RB 34823 4725 8 powerful powerful JJ 34823 4725 9 must must MD 34823 4725 10 manifest manifest VB 34823 4725 11 itself -PRON- PRP 34823 4725 12 . . . 34823 4726 1 It -PRON- PRP 34823 4726 2 would would MD 34823 4726 3 be be VB 34823 4726 4 considered consider VBN 34823 4726 5 mean mean JJ 34823 4726 6 and and CC 34823 4726 7 contemptible contemptible JJ 34823 4726 8 for for IN 34823 4726 9 the the DT 34823 4726 10 Hindu Hindu NNP 34823 4726 11 to to TO 34823 4726 12 put put VB 34823 4726 13 money money NN 34823 4726 14 away away RB 34823 4726 15 instead instead RB 34823 4726 16 of of IN 34823 4726 17 spending spend VBG 34823 4726 18 it -PRON- PRP 34823 4726 19 on on IN 34823 4726 20 feasts feast NNS 34823 4726 21 at at IN 34823 4726 22 marriages marriage NNS 34823 4726 23 and and CC 34823 4726 24 funerals funeral NNS 34823 4726 25 , , , 34823 4726 26 and and CC 34823 4726 27 in in IN 34823 4726 28 hospitality hospitality NN 34823 4726 29 on on IN 34823 4726 30 other other JJ 34823 4726 31 festive festive JJ 34823 4726 32 occasions occasion NNS 34823 4726 33 . . . 34823 4727 1 But but CC 34823 4727 2 he -PRON- PRP 34823 4727 3 gains gain VBZ 34823 4727 4 , , , 34823 4727 5 instead instead RB 34823 4727 6 of of IN 34823 4727 7 losing lose VBG 34823 4727 8 , , , 34823 4727 9 in in IN 34823 4727 10 social social JJ 34823 4727 11 esteem esteem NN 34823 4727 12 and and CC 34823 4727 13 prestige prestige NN 34823 4727 14 , , , 34823 4727 15 if if IN 34823 4727 16 he -PRON- PRP 34823 4727 17 decorates decorate VBZ 34823 4727 18 his -PRON- PRP$ 34823 4727 19 women woman NNS 34823 4727 20 with with IN 34823 4727 21 gold gold NN 34823 4727 22 and and CC 34823 4727 23 silver silver NN 34823 4727 24 . . . 34823 4728 1 Later later RBR 34823 4728 2 , , , 34823 4728 3 the the DT 34823 4728 4 advantage advantage NN 34823 4728 5 of of IN 34823 4728 6 such such PDT 34823 4728 7 a a DT 34823 4728 8 practice practice NN 34823 4728 9 as as IN 34823 4728 10 a a DT 34823 4728 11 matter matter NN 34823 4728 12 of of IN 34823 4728 13 provision provision NN 34823 4728 14 against against IN 34823 4728 15 future future JJ 34823 4728 16 wants want VBZ 34823 4728 17 would would MD 34823 4728 18 get get VB 34823 4728 19 into into IN 34823 4728 20 men man NNS 34823 4728 21 's 's POS 34823 4728 22 minds mind NNS 34823 4728 23 , , , 34823 4728 24 and and CC 34823 4728 25 would would MD 34823 4728 26 become become VB 34823 4728 27 an an DT 34823 4728 28 added add VBN 34823 4728 29 incentive incentive NN 34823 4728 30 to to TO 34823 4728 31 maintain maintain VB 34823 4728 32 and and CC 34823 4728 33 increase increase VB 34823 4728 34 the the DT 34823 4728 35 practice practice NN 34823 4728 36 . . . 34823 4729 1 Thus thus RB 34823 4729 2 the the DT 34823 4729 3 frivolous frivolous JJ 34823 4729 4 and and CC 34823 4729 5 fanciful fanciful JJ 34823 4729 6 side side NN 34823 4729 7 of of IN 34823 4729 8 men man NNS 34823 4729 9 's 's POS 34823 4729 10 nature nature NN 34823 4729 11 furnishes furnish VBZ 34823 4729 12 a a DT 34823 4729 13 powerful powerful JJ 34823 4729 14 lever lever NN 34823 4729 15 for for IN 34823 4729 16 the the DT 34823 4729 17 development development NN 34823 4729 18 of of IN 34823 4729 19 both both CC 34823 4729 20 money money NN 34823 4729 21 and and CC 34823 4729 22 capital capital NN 34823 4729 23 . . . 34823 4730 1 In in IN 34823 4730 2 the the DT 34823 4730 3 store store NN 34823 4730 4 of of IN 34823 4730 5 value value NN 34823 4730 6 function function NN 34823 4730 7 we -PRON- PRP 34823 4730 8 find find VBP 34823 4730 9 one one CD 34823 4730 10 of of IN 34823 4730 11 the the DT 34823 4730 12 earliest early JJS 34823 4730 13 and and CC 34823 4730 14 most most RBS 34823 4730 15 significant significant JJ 34823 4730 16 functions function NNS 34823 4730 17 of of IN 34823 4730 18 money money NN 34823 4730 19 . . . 34823 4731 1 Carlile carlile NN 34823 4731 2 offers offer VBZ 34823 4731 3 a a DT 34823 4731 4 wealth wealth NN 34823 4731 5 of of IN 34823 4731 6 evidence evidence NN 34823 4731 7 to to TO 34823 4731 8 show show VB 34823 4731 9 this this DT 34823 4731 10 interchangeability interchangeability NN 34823 4731 11 of of IN 34823 4731 12 money money NN 34823 4731 13 and and CC 34823 4731 14 ornament ornament JJ 34823 4731 15 among among IN 34823 4731 16 many many JJ 34823 4731 17 peoples people NNS 34823 4731 18 , , , 34823 4731 19 at at IN 34823 4731 20 different different JJ 34823 4731 21 stages stage NNS 34823 4731 22 of of IN 34823 4731 23 culture culture NN 34823 4731 24 . . . 34823 4732 1 Three three CD 34823 4732 2 powerful powerful JJ 34823 4732 3 elements element NNS 34823 4732 4 of of IN 34823 4732 5 human human JJ 34823 4732 6 nature nature NN 34823 4732 7 work work VBP 34823 4732 8 together together RB 34823 4732 9 in in IN 34823 4732 10 sustaining sustain VBG 34823 4732 11 the the DT 34823 4732 12 value value NN 34823 4732 13 of of IN 34823 4732 14 the the DT 34823 4732 15 metals metal NNS 34823 4732 16 which which WDT 34823 4732 17 become become VBP 34823 4732 18 widely widely RB 34823 4732 19 used use VBN 34823 4732 20 as as IN 34823 4732 21 ornament ornament JJ 34823 4732 22 : : : 34823 4732 23 ( ( -LRB- 34823 4732 24 1 1 LS 34823 4732 25 ) ) -RRB- 34823 4732 26 love love NN 34823 4732 27 of of IN 34823 4732 28 approbation approbation NN 34823 4732 29 ; ; , 34823 4732 30 ( ( -LRB- 34823 4732 31 2 2 LS 34823 4732 32 ) ) -RRB- 34823 4732 33 the the DT 34823 4732 34 sex sex NN 34823 4732 35 impulse impulse NN 34823 4732 36 ; ; , 34823 4732 37 ( ( -LRB- 34823 4732 38 3 3 LS 34823 4732 39 ) ) -RRB- 34823 4732 40 the the DT 34823 4732 41 spirit spirit NN 34823 4732 42 of of IN 34823 4732 43 rivalry rivalry NNP 34823 4732 44 , , , 34823 4732 45 or or CC 34823 4732 46 competition competition NN 34823 4732 47 . . . 34823 4733 1 In in IN 34823 4733 2 these these DT 34823 4733 3 three three CD 34823 4733 4 we -PRON- PRP 34823 4733 5 have have VBP 34823 4733 6 , , , 34823 4733 7 perhaps perhaps RB 34823 4733 8 , , , 34823 4733 9 the the DT 34823 4733 10 firmest firm JJS 34823 4733 11 basis basis NN 34823 4733 12 which which WDT 34823 4733 13 it -PRON- PRP 34823 4733 14 is be VBZ 34823 4733 15 possible possible JJ 34823 4733 16 to to TO 34823 4733 17 construct construct VB 34823 4733 18 for for IN 34823 4733 19 the the DT 34823 4733 20 value value NN 34823 4733 21 of of IN 34823 4733 22 anything anything NN 34823 4733 23 ! ! . 34823 4734 1 When when WRB 34823 4734 2 religion religion NN 34823 4734 3 is be VBZ 34823 4734 4 added add VBN 34823 4734 5 , , , 34823 4734 6 as as IN 34823 4734 7 has have VBZ 34823 4734 8 often often RB 34823 4734 9 been be VBN 34823 4734 10 the the DT 34823 4734 11 case case NN 34823 4734 12 with with IN 34823 4734 13 the the DT 34823 4734 14 precious precious JJ 34823 4734 15 metals metal NNS 34823 4734 16 , , , 34823 4734 17 the the DT 34823 4734 18 basis basis NN 34823 4734 19 becomes become VBZ 34823 4734 20 solid solid JJ 34823 4734 21 indeed indeed RB 34823 4734 22 ! ! . 34823 4735 1 Modern modern JJ 34823 4735 2 social social JJ 34823 4735 3 psychology psychology NN 34823 4735 4 has have VBZ 34823 4735 5 increasingly increasingly RB 34823 4735 6 made make VBN 34823 4735 7 clear clear JJ 34823 4735 8 the the DT 34823 4735 9 power power NN 34823 4735 10 of of IN 34823 4735 11 the the DT 34823 4735 12 first first JJ 34823 4735 13 . . . 34823 4736 1 Social social JJ 34823 4736 2 expectation expectation NN 34823 4736 3 can can MD 34823 4736 4 take take VB 34823 4736 5 the the DT 34823 4736 6 raw raw JJ 34823 4736 7 stuff stuff NN 34823 4736 8 of of IN 34823 4736 9 human human JJ 34823 4736 10 nature nature NN 34823 4736 11 , , , 34823 4736 12 and and CC 34823 4736 13 mold mold VB 34823 4736 14 it -PRON- PRP 34823 4736 15 into into IN 34823 4736 16 almost almost RB 34823 4736 17 any any DT 34823 4736 18 form form NN 34823 4736 19 it -PRON- PRP 34823 4736 20 pleases please VBZ 34823 4736 21 . . . 34823 4737 1 Original original JJ 34823 4737 2 , , , 34823 4737 3 hereditary hereditary JJ 34823 4737 4 differences difference NNS 34823 4737 5 remain remain VBP 34823 4737 6 . . . 34823 4738 1 Some some DT 34823 4738 2 raw raw JJ 34823 4738 3 stuff stuff NN 34823 4738 4 is be VBZ 34823 4738 5 so so RB 34823 4738 6 inferior inferior JJ 34823 4738 7 that that IN 34823 4738 8 no no DT 34823 4738 9 high high JJ 34823 4738 10 social social JJ 34823 4738 11 organization organization NN 34823 4738 12 can can MD 34823 4738 13 be be VB 34823 4738 14 built build VBN 34823 4738 15 out out IN 34823 4738 16 of of IN 34823 4738 17 it -PRON- PRP 34823 4738 18 . . . 34823 4739 1 Some some DT 34823 4739 2 stuff stuff NN 34823 4739 3 can can MD 34823 4739 4 not not RB 34823 4739 5 respond respond VB 34823 4739 6 very very RB 34823 4739 7 effectively effectively RB 34823 4739 8 to to IN 34823 4739 9 the the DT 34823 4739 10 social social JJ 34823 4739 11 stimuli stimulus NNS 34823 4739 12 . . . 34823 4740 1 But but CC 34823 4740 2 _ _ NNP 34823 4740 3 qualitatively qualitatively RB 34823 4740 4 _ _ NNP 34823 4740 5 , , , 34823 4740 6 the the DT 34823 4740 7 tendency tendency NN 34823 4740 8 is be VBZ 34823 4740 9 for for IN 34823 4740 10 men man NNS 34823 4740 11 to to TO 34823 4740 12 become become VB 34823 4740 13 what what WP 34823 4740 14 society society NN 34823 4740 15 expects expect VBZ 34823 4740 16 . . . 34823 4741 1 Individuals individual NNS 34823 4741 2 succeed succeed VBP 34823 4741 3 more more RBR 34823 4741 4 or or CC 34823 4741 5 less less RBR 34823 4741 6 in in IN 34823 4741 7 meeting meet VBG 34823 4741 8 social social JJ 34823 4741 9 expectation expectation NN 34823 4741 10 . . . 34823 4742 1 But but CC 34823 4742 2 the the DT 34823 4742 3 very very JJ 34823 4742 4 elements element NNS 34823 4742 5 of of IN 34823 4742 6 individual individual JJ 34823 4742 7 aspiration aspiration NN 34823 4742 8 and and CC 34823 4742 9 ambition ambition NN 34823 4742 10 , , , 34823 4742 11 the the DT 34823 4742 12 very very JJ 34823 4742 13 self self NN 34823 4742 14 of of IN 34823 4742 15 the the DT 34823 4742 16 individual individual NN 34823 4742 17 , , , 34823 4742 18 are be VBP 34823 4742 19 molded mold VBN 34823 4742 20 to to IN 34823 4742 21 the the DT 34823 4742 22 social social JJ 34823 4742 23 pattern pattern NN 34823 4742 24 , , , 34823 4742 25 and and CC 34823 4742 26 , , , 34823 4742 27 with with IN 34823 4742 28 the the DT 34823 4742 29 same same JJ 34823 4742 30 racial racial JJ 34823 4742 31 stock stock NN 34823 4742 32 , , , 34823 4742 33 vary vary VBP 34823 4742 34 almost almost RB 34823 4742 35 indefinitely indefinitely RB 34823 4742 36 from from IN 34823 4742 37 time time NN 34823 4742 38 to to IN 34823 4742 39 time time NN 34823 4742 40 and and CC 34823 4742 41 from from IN 34823 4742 42 place place NN 34823 4742 43 to to IN 34823 4742 44 place place NN 34823 4742 45 , , , 34823 4742 46 with with IN 34823 4742 47 the the DT 34823 4742 48 _ _ NNP 34823 4742 49 mores more NNS 34823 4742 50 _ _ NNP 34823 4742 51 . . . 34823 4743 1 If if IN 34823 4743 2 ornament ornament JJ 34823 4743 3 confers confer NNS 34823 4743 4 distinction,--and distinction,--and CC 34823 4743 5 almost almost RB 34823 4743 6 everywhere everywhere RB 34823 4743 7 it -PRON- PRP 34823 4743 8 does do VBZ 34823 4743 9 -- -- : 34823 4743 10 men man NNS 34823 4743 11 will will MD 34823 4743 12 seek seek VB 34823 4743 13 to to TO 34823 4743 14 possess possess VB 34823 4743 15 ornaments ornament NNS 34823 4743 16 . . . 34823 4744 1 Commonly commonly RB 34823 4744 2 it -PRON- PRP 34823 4744 3 is be VBZ 34823 4744 4 for for IN 34823 4744 5 the the DT 34823 4744 6 sake sake NN 34823 4744 7 of of IN 34823 4744 8 the the DT 34823 4744 9 other other JJ 34823 4744 10 sex sex NN 34823 4744 11 that that WDT 34823 4744 12 men man NNS 34823 4744 13 seek seek VBP 34823 4744 14 ornaments ornament NNS 34823 4744 15 . . . 34823 4745 1 Ornaments ornament NNS 34823 4745 2 are be VBP 34823 4745 3 an an DT 34823 4745 4 aid aid NN 34823 4745 5 in in IN 34823 4745 6 wooing wooing NN 34823 4745 7 ! ! . 34823 4746 1 Men man NNS 34823 4746 2 gain gain VBP 34823 4746 3 wives wife NNS 34823 4746 4 by by IN 34823 4746 5 being be VBG 34823 4746 6 able able JJ 34823 4746 7 to to TO 34823 4746 8 give give VB 34823 4746 9 them -PRON- PRP 34823 4746 10 ornaments.--Not ornaments.--not IN 34823 4746 11 that that IN 34823 4746 12 this this DT 34823 4746 13 is be VBZ 34823 4746 14 the the DT 34823 4746 15 whole whole JJ 34823 4746 16 story!--And story!--and JJ 34823 4746 17 social social JJ 34823 4746 18 expectation expectation NN 34823 4746 19 , , , 34823 4746 20 almost almost RB 34823 4746 21 everywhere everywhere RB 34823 4746 22 , , , 34823 4746 23 requires require VBZ 34823 4746 24 that that IN 34823 4746 25 men man NNS 34823 4746 26 decorate decorate VBP 34823 4746 27 the the DT 34823 4746 28 wives wife NNS 34823 4746 29 that that WDT 34823 4746 30 they -PRON- PRP 34823 4746 31 have have VBP 34823 4746 32 won win VBN 34823 4746 33 . . . 34823 4747 1 Wives wife NNS 34823 4747 2 usually usually RB 34823 4747 3 reinforce reinforce VBP 34823 4747 4 social social JJ 34823 4747 5 expectation expectation NN 34823 4747 6 in in IN 34823 4747 7 this this DT 34823 4747 8 matter matter NN 34823 4747 9 . . . 34823 4748 1 Further further RB 34823 4748 2 , , , 34823 4748 3 the the DT 34823 4748 4 desire desire NN 34823 4748 5 for for IN 34823 4748 6 ornament ornament NN 34823 4748 7 is be VBZ 34823 4748 8 competitive competitive JJ 34823 4748 9 . . . 34823 4749 1 One one CD 34823 4749 2 's 's POS 34823 4749 3 women woman NNS 34823 4749 4 must must MD 34823 4749 5 be be VB 34823 4749 6 _ _ NNP 34823 4749 7 better well RBR 34823 4749 8 _ _ NNP 34823 4749 9 ornamented ornament VBN 34823 4749 10 than than IN 34823 4749 11 the the DT 34823 4749 12 women woman NNS 34823 4749 13 of of IN 34823 4749 14 one one CD 34823 4749 15 's 's POS 34823 4749 16 neighbors neighbor NNS 34823 4749 17 , , , 34823 4749 18 if if IN 34823 4749 19 _ _ NNP 34823 4749 20 distinction distinction NN 34823 4749 21 _ _ NNP 34823 4749 22 is be VBZ 34823 4749 23 to to TO 34823 4749 24 be be VB 34823 4749 25 gained gain VBN 34823 4749 26 thereby thereby RB 34823 4749 27 . . . 34823 4750 1 But but CC 34823 4750 2 this this DT 34823 4750 3 sets set VBZ 34823 4750 4 a a DT 34823 4750 5 faster fast JJR 34823 4750 6 pace pace NN 34823 4750 7 for for IN 34823 4750 8 the the DT 34823 4750 9 neighbors neighbor NNS 34823 4750 10 , , , 34823 4750 11 and and CC 34823 4750 12 the the DT 34823 4750 13 standard standard NN 34823 4750 14 of of IN 34823 4750 15 social social JJ 34823 4750 16 expectation expectation NN 34823 4750 17 is be VBZ 34823 4750 18 raised raise VBN 34823 4750 19 as as IN 34823 4750 20 to to IN 34823 4750 21 the the DT 34823 4750 22 necessary necessary JJ 34823 4750 23 amount amount NN 34823 4750 24 of of IN 34823 4750 25 ornament ornament NN 34823 4750 26 . . . 34823 4751 1 It -PRON- PRP 34823 4751 2 is be VBZ 34823 4751 3 the the DT 34823 4751 4 same same JJ 34823 4751 5 sort sort NN 34823 4751 6 of of IN 34823 4751 7 competition competition NN 34823 4751 8 that that WDT 34823 4751 9 arises arise VBZ 34823 4751 10 among among IN 34823 4751 11 armed armed JJ 34823 4751 12 nations nation NNS 34823 4751 13 . . . 34823 4752 1 A a DT 34823 4752 2 new new JJ 34823 4752 3 battle battle NN 34823 4752 4 - - HYPH 34823 4752 5 ship ship NN 34823 4752 6 for for IN 34823 4752 7 one one NN 34823 4752 8 requires require VBZ 34823 4752 9 that that IN 34823 4752 10 all all DT 34823 4752 11 increase increase VB 34823 4752 12 their -PRON- PRP$ 34823 4752 13 naval naval JJ 34823 4752 14 strength strength NN 34823 4752 15 . . . 34823 4753 1 New new JJ 34823 4753 2 armies army NNS 34823 4753 3 in in IN 34823 4753 4 Germany Germany NNP 34823 4753 5 call call VBP 34823 4753 6 for for IN 34823 4753 7 new new JJ 34823 4753 8 armies army NNS 34823 4753 9 in in IN 34823 4753 10 France France NNP 34823 4753 11 . . . 34823 4754 1 A a DT 34823 4754 2 vicious vicious JJ 34823 4754 3 circle circle NN 34823 4754 4 is be VBZ 34823 4754 5 created create VBN 34823 4754 6 . . . 34823 4755 1 The the DT 34823 4755 2 desire desire NN 34823 4755 3 for for IN 34823 4755 4 ornament ornament JJ 34823 4755 5 , , , 34823 4755 6 unlike unlike IN 34823 4755 7 the the DT 34823 4755 8 desire desire NN 34823 4755 9 for for IN 34823 4755 10 food food NN 34823 4755 11 , , , 34823 4755 12 becomes become VBZ 34823 4755 13 insatiable insatiable JJ 34823 4755 14 . . . 34823 4756 1 And and CC 34823 4756 2 hence hence RB 34823 4756 3 , , , 34823 4756 4 the the DT 34823 4756 5 value value NN 34823 4756 6 - - HYPH 34823 4756 7 curve curve NN 34823 4756 8 for for IN 34823 4756 9 the the DT 34823 4756 10 metal metal NN 34823 4756 11 used use VBN 34823 4756 12 as as IN 34823 4756 13 ornament ornament JJ 34823 4756 14 sinks sink NNS 34823 4756 15 very very RB 34823 4756 16 slowly slowly RB 34823 4756 17 , , , 34823 4756 18 being be VBG 34823 4756 19 reduced reduce VBN 34823 4756 20 , , , 34823 4756 21 not not RB 34823 4756 22 by by IN 34823 4756 23 satiation satiation NN 34823 4756 24 of of IN 34823 4756 25 want want NN 34823 4756 26 , , , 34823 4756 27 but but CC 34823 4756 28 by by IN 34823 4756 29 limitation limitation NN 34823 4756 30 of of IN 34823 4756 31 economic economic JJ 34823 4756 32 resources resource NNS 34823 4756 33 . . . 34823 4757 1 I -PRON- PRP 34823 4757 2 need need VBP 34823 4757 3 not not RB 34823 4757 4 elaborate elaborate VB 34823 4757 5 these these DT 34823 4757 6 notions notion NNS 34823 4757 7 further further RB 34823 4757 8 . . . 34823 4758 1 They -PRON- PRP 34823 4758 2 are be VBP 34823 4758 3 of of IN 34823 4758 4 the the DT 34823 4758 5 same same JJ 34823 4758 6 sort sort NN 34823 4758 7 that that WDT 34823 4758 8 Veblen Veblen NNP 34823 4758 9 has have VBZ 34823 4758 10 developed develop VBN 34823 4758 11 in in IN 34823 4758 12 his -PRON- PRP$ 34823 4758 13 _ _ NNP 34823 4758 14 Theory Theory NNP 34823 4758 15 of of IN 34823 4758 16 the the DT 34823 4758 17 Leisure Leisure NNP 34823 4758 18 Class Class NNP 34823 4758 19 _ _ NNP 34823 4758 20 . . . 34823 4759 1 They -PRON- PRP 34823 4759 2 rest rest VBP 34823 4759 3 on on IN 34823 4759 4 fundamentals fundamental NNS 34823 4759 5 in in IN 34823 4759 6 human human JJ 34823 4759 7 nature nature NN 34823 4759 8 , , , 34823 4759 9 however however RB 34823 4759 10 much much RB 34823 4759 11 they -PRON- PRP 34823 4759 12 differ differ VBP 34823 4759 13 from from IN 34823 4759 14 the the DT 34823 4759 15 psychology psychology NN 34823 4759 16 of of IN 34823 4759 17 the the DT 34823 4759 18 " " `` 34823 4759 19 economic economic JJ 34823 4759 20 man man NN 34823 4759 21 . . . 34823 4759 22 " " '' 34823 4760 1 They -PRON- PRP 34823 4760 2 give give VBP 34823 4760 3 assurance assurance NN 34823 4760 4 , , , 34823 4760 5 I -PRON- PRP 34823 4760 6 think think VBP 34823 4760 7 , , , 34823 4760 8 that that IN 34823 4760 9 , , , 34823 4760 10 unless unless IN 34823 4760 11 radical radical JJ 34823 4760 12 change change NN 34823 4760 13 in in IN 34823 4760 14 tastes taste NNS 34823 4760 15 and and CC 34823 4760 16 fashions fashion NNS 34823 4760 17 come come VBP 34823 4760 18 in in RB 34823 4760 19 , , , 34823 4760 20 which which WDT 34823 4760 21 displace displace VBP 34823 4760 22 gold gold NN 34823 4760 23 and and CC 34823 4760 24 silver silver NN 34823 4760 25 from from IN 34823 4760 26 their -PRON- PRP$ 34823 4760 27 position position NN 34823 4760 28 as as IN 34823 4760 29 ornaments ornament NNS 34823 4760 30 and and CC 34823 4760 31 as as IN 34823 4760 32 means mean NNS 34823 4760 33 of of IN 34823 4760 34 display display NN 34823 4760 35 , , , 34823 4760 36 we -PRON- PRP 34823 4760 37 may may MD 34823 4760 38 expect expect VB 34823 4760 39 the the DT 34823 4760 40 value value NN 34823 4760 41 of of IN 34823 4760 42 gold gold NN 34823 4760 43 to to TO 34823 4760 44 maintain maintain VB 34823 4760 45 itself -PRON- PRP 34823 4760 46 at at IN 34823 4760 47 a a DT 34823 4760 48 high high JJ 34823 4760 49 level level NN 34823 4760 50 regardless regardless RB 34823 4760 51 of of IN 34823 4760 52 great great JJ 34823 4760 53 increase increase NN 34823 4760 54 in in IN 34823 4760 55 quantity quantity NN 34823 4760 56 . . . 34823 4761 1 I -PRON- PRP 34823 4761 2 do do VBP 34823 4761 3 not not RB 34823 4761 4 share share VB 34823 4761 5 the the DT 34823 4761 6 view view NN 34823 4761 7 which which WDT 34823 4761 8 Carlile Carlile NNP 34823 4761 9 himself -PRON- PRP 34823 4761 10 seems seem VBZ 34823 4761 11 , , , 34823 4761 12 at at IN 34823 4761 13 times time NNS 34823 4761 14 , , , 34823 4761 15 to to IN 34823 4761 16 express[464 express[464 NNP 34823 4761 17 ] ] -RRB- 34823 4761 18 that that IN 34823 4761 19 gold gold NN 34823 4761 20 does do VBZ 34823 4761 21 not not RB 34823 4761 22 sink sink VB 34823 4761 23 in in IN 34823 4761 24 value value NN 34823 4761 25 with with IN 34823 4761 26 the the DT 34823 4761 27 increase increase NN 34823 4761 28 in in IN 34823 4761 29 quantity quantity NN 34823 4761 30 . . . 34823 4762 1 It -PRON- PRP 34823 4762 2 seems seem VBZ 34823 4762 3 to to IN 34823 4762 4 me -PRON- PRP 34823 4762 5 easily easily RB 34823 4762 6 demonstrable demonstrable JJ 34823 4762 7 that that IN 34823 4762 8 it -PRON- PRP 34823 4762 9 has have VBZ 34823 4762 10 sunk sink VBN 34823 4762 11 , , , 34823 4762 12 and and CC 34823 4762 13 does do VBZ 34823 4762 14 sink sink VB 34823 4762 15 . . . 34823 4763 1 But but CC 34823 4763 2 I -PRON- PRP 34823 4763 3 should should MD 34823 4763 4 expect expect VB 34823 4763 5 the the DT 34823 4763 6 value value NN 34823 4763 7 of of IN 34823 4763 8 gold gold NN 34823 4763 9 to to TO 34823 4763 10 survive survive VB 34823 4763 11 the the DT 34823 4763 12 shock shock NN 34823 4763 13 that that WDT 34823 4763 14 might may MD 34823 4763 15 come come VB 34823 4763 16 if if IN 34823 4763 17 gold gold NN 34823 4763 18 were be VBD 34823 4763 19 entirely entirely RB 34823 4763 20 displaced displace VBN 34823 4763 21 from from IN 34823 4763 22 monetary monetary JJ 34823 4763 23 use use NN 34823 4763 24 vastly vastly RB 34823 4763 25 better well JJR 34823 4763 26 than than IN 34823 4763 27 any any DT 34823 4763 28 commodity commodity NN 34823 4763 29 which which WDT 34823 4763 30 serves serve VBZ 34823 4763 31 wants want VBZ 34823 4763 32 of of IN 34823 4763 33 a a DT 34823 4763 34 different different JJ 34823 4763 35 character character NN 34823 4763 36 could could MD 34823 4763 37 stand stand VB 34823 4763 38 a a DT 34823 4763 39 similar similar JJ 34823 4763 40 shock shock NN 34823 4763 41 . . . 34823 4764 1 The the DT 34823 4764 2 demonetization demonetization NN 34823 4764 3 of of IN 34823 4764 4 silver silver NN 34823 4764 5 has have VBZ 34823 4764 6 , , , 34823 4764 7 of of IN 34823 4764 8 course course NN 34823 4764 9 , , , 34823 4764 10 not not RB 34823 4764 11 entirely entirely RB 34823 4764 12 displaced displace VBN 34823 4764 13 silver silver NN 34823 4764 14 from from IN 34823 4764 15 the the DT 34823 4764 16 monetary monetary JJ 34823 4764 17 employment employment NN 34823 4764 18 . . . 34823 4765 1 It -PRON- PRP 34823 4765 2 has have VBZ 34823 4765 3 , , , 34823 4765 4 however however RB 34823 4765 5 , , , 34823 4765 6 made make VBD 34823 4765 7 it -PRON- PRP 34823 4765 8 necessary necessary JJ 34823 4765 9 for for IN 34823 4765 10 the the DT 34823 4765 11 arts art NNS 34823 4765 12 to to TO 34823 4765 13 absorb absorb VB 34823 4765 14 a a DT 34823 4765 15 greatly greatly RB 34823 4765 16 increased increase VBN 34823 4765 17 proportion proportion NN 34823 4765 18 of of IN 34823 4765 19 the the DT 34823 4765 20 new new JJ 34823 4765 21 silver,[465 silver,[465 NN 34823 4765 22 ] ] -RRB- 34823 4765 23 and and CC 34823 4765 24 not not RB 34823 4765 25 a a DT 34823 4765 26 little little JJ 34823 4765 27 of of IN 34823 4765 28 the the DT 34823 4765 29 old old JJ 34823 4765 30 silver silver NN 34823 4765 31 . . . 34823 4766 1 The the DT 34823 4766 2 demonetization demonetization NN 34823 4766 3 of of IN 34823 4766 4 silver silver NN 34823 4766 5 , , , 34823 4766 6 moreover moreover RB 34823 4766 7 , , , 34823 4766 8 was be VBD 34823 4766 9 accompanied accompany VBN 34823 4766 10 and and CC 34823 4766 11 followed follow VBN 34823 4766 12 by by IN 34823 4766 13 a a DT 34823 4766 14 great great JJ 34823 4766 15 increase increase NN 34823 4766 16 in in IN 34823 4766 17 silver silver JJ 34823 4766 18 production production NN 34823 4766 19 . . . 34823 4767 1 But but CC 34823 4767 2 silver silver NN 34823 4767 3 has have VBZ 34823 4767 4 stood stand VBN 34823 4767 5 the the DT 34823 4767 6 shock shock NN 34823 4767 7 amazingly amazingly RB 34823 4767 8 well well RB 34823 4767 9 . . . 34823 4768 1 [ [ -LRB- 34823 4768 2 466 466 CD 34823 4768 3 ] ] -RRB- 34823 4768 4 It -PRON- PRP 34823 4768 5 is be VBZ 34823 4768 6 , , , 34823 4768 7 of of IN 34823 4768 8 course course NN 34823 4768 9 , , , 34823 4768 10 thinkable thinkable JJ 34823 4768 11 that that IN 34823 4768 12 the the DT 34823 4768 13 attitude attitude NN 34823 4768 14 of of IN 34823 4768 15 mankind mankind NN 34823 4768 16 , , , 34823 4768 17 under under IN 34823 4768 18 new new JJ 34823 4768 19 social social JJ 34823 4768 20 conditions condition NNS 34823 4768 21 , , , 34823 4768 22 and and CC 34823 4768 23 with with IN 34823 4768 24 new new JJ 34823 4768 25 tastes taste NNS 34823 4768 26 and and CC 34823 4768 27 fashions fashion NNS 34823 4768 28 , , , 34823 4768 29 may may MD 34823 4768 30 change change VB 34823 4768 31 , , , 34823 4768 32 with with IN 34823 4768 33 reference reference NN 34823 4768 34 to to IN 34823 4768 35 gold gold NN 34823 4768 36 and and CC 34823 4768 37 silver silver NN 34823 4768 38 . . . 34823 4769 1 Love love NN 34823 4769 2 of of IN 34823 4769 3 approbation approbation NN 34823 4769 4 and and CC 34823 4769 5 distinction distinction NN 34823 4769 6 , , , 34823 4769 7 the the DT 34823 4769 8 sex sex NN 34823 4769 9 impulse impulse NN 34823 4769 10 , , , 34823 4769 11 and and CC 34823 4769 12 the the DT 34823 4769 13 spirit spirit NN 34823 4769 14 of of IN 34823 4769 15 rivalry rivalry NNP 34823 4769 16 , , , 34823 4769 17 are be VBP 34823 4769 18 eternal eternal JJ 34823 4769 19 elements element NNS 34823 4769 20 in in IN 34823 4769 21 human human JJ 34823 4769 22 nature nature NN 34823 4769 23 . . . 34823 4770 1 But but CC 34823 4770 2 their -PRON- PRP$ 34823 4770 3 manifestations manifestation NNS 34823 4770 4 may may MD 34823 4770 5 change change VB 34823 4770 6 . . . 34823 4771 1 There there EX 34823 4771 2 have have VBP 34823 4771 3 been be VBN 34823 4771 4 times time NNS 34823 4771 5 when when WRB 34823 4771 6 love love NN 34823 4771 7 of of IN 34823 4771 8 distinction distinction NN 34823 4771 9 gratified gratify VBD 34823 4771 10 itself -PRON- PRP 34823 4771 11 in in IN 34823 4771 12 poverty poverty NN 34823 4771 13 and and CC 34823 4771 14 filth filth NN 34823 4771 15 and and CC 34823 4771 16 asceticism asceticism NN 34823 4771 17 . . . 34823 4772 1 Almost almost RB 34823 4772 2 anything anything NN 34823 4772 3 may may MD 34823 4772 4 be be VB 34823 4772 5 exalted exalt VBN 34823 4772 6 into into IN 34823 4772 7 a a DT 34823 4772 8 social social JJ 34823 4772 9 ideal ideal NN 34823 4772 10 . . . 34823 4773 1 Society society NN 34823 4773 2 may may MD 34823 4773 3 even even RB 34823 4773 4 reach reach VB 34823 4773 5 ideals ideal NNS 34823 4773 6 of of IN 34823 4773 7 such such PDT 34823 4773 8 a a DT 34823 4773 9 sort sort NN 34823 4773 10 that that WDT 34823 4773 11 a a DT 34823 4773 12 man man NN 34823 4773 13 may may MD 34823 4773 14 gain gain VB 34823 4773 15 social social JJ 34823 4773 16 approval approval NN 34823 4773 17 and and CC 34823 4773 18 the the DT 34823 4773 19 love love NN 34823 4773 20 of of IN 34823 4773 21 woman woman NN 34823 4773 22 in in IN 34823 4773 23 high high JJ 34823 4773 24 competition competition NN 34823 4773 25 with with IN 34823 4773 26 his -PRON- PRP$ 34823 4773 27 fellows fellow NNS 34823 4773 28 in in IN 34823 4773 29 the the DT 34823 4773 30 service service NN 34823 4773 31 of of IN 34823 4773 32 mankind mankind NN 34823 4773 33 ! ! . 34823 4774 1 But but CC 34823 4774 2 even even RB 34823 4774 3 here here RB 34823 4774 4 gold gold NN 34823 4774 5 and and CC 34823 4774 6 silver silver NN 34823 4774 7 may may MD 34823 4774 8 have have VB 34823 4774 9 a a DT 34823 4774 10 place place NN 34823 4774 11 . . . 34823 4775 1 They -PRON- PRP 34823 4775 2 are be VBP 34823 4775 3 beautiful beautiful JJ 34823 4775 4 , , , 34823 4775 5 as as IN 34823 4775 6 we -PRON- PRP 34823 4775 7 now now RB 34823 4775 8 see see VBP 34823 4775 9 beauty beauty NN 34823 4775 10 , , , 34823 4775 11 and and CC 34823 4775 12 beauty beauty NN 34823 4775 13 itself -PRON- PRP 34823 4775 14 is be VBZ 34823 4775 15 good good JJ 34823 4775 16 ! ! . 34823 4776 1 The the DT 34823 4776 2 world world NN 34823 4776 3 is be VBZ 34823 4776 4 better well JJR 34823 4776 5 if if IN 34823 4776 6 it -PRON- PRP 34823 4776 7 has have VBZ 34823 4776 8 beauty beauty NN 34823 4776 9 in in IN 34823 4776 10 it -PRON- PRP 34823 4776 11 . . . 34823 4777 1 It -PRON- PRP 34823 4777 2 is be VBZ 34823 4777 3 just just RB 34823 4777 4 as as RB 34823 4777 5 well well RB 34823 4777 6 to to TO 34823 4777 7 conclude conclude VB 34823 4777 8 at at IN 34823 4777 9 this this DT 34823 4777 10 point point NN 34823 4777 11 what what WP 34823 4777 12 I -PRON- PRP 34823 4777 13 shall shall MD 34823 4777 14 have have VB 34823 4777 15 to to TO 34823 4777 16 say say VB 34823 4777 17 regarding regard VBG 34823 4777 18 the the DT 34823 4777 19 value value NN 34823 4777 20 of of IN 34823 4777 21 gold gold NN 34823 4777 22 as as IN 34823 4777 23 a a DT 34823 4777 24 commodity commodity NN 34823 4777 25 . . . 34823 4778 1 [ [ -LRB- 34823 4778 2 467 467 CD 34823 4778 3 ] ] -RRB- 34823 4778 4 The the DT 34823 4778 5 same same JJ 34823 4778 6 quantity quantity NN 34823 4778 7 of of IN 34823 4778 8 gold gold NN 34823 4778 9 and and CC 34823 4778 10 silver silver NN 34823 4778 11 may may MD 34823 4778 12 have have VB 34823 4778 13 widely widely RB 34823 4778 14 varying vary VBG 34823 4778 15 values value NNS 34823 4778 16 , , , 34823 4778 17 depending depend VBG 34823 4778 18 on on IN 34823 4778 19 the the DT 34823 4778 20 distribution distribution NN 34823 4778 21 of of IN 34823 4778 22 wealth wealth NN 34823 4778 23 and and CC 34823 4778 24 power power NN 34823 4778 25 . . . 34823 4779 1 It -PRON- PRP 34823 4779 2 is be VBZ 34823 4779 3 not not RB 34823 4779 4 alone alone JJ 34823 4779 5 intensity intensity NN 34823 4779 6 of of IN 34823 4779 7 individual individual JJ 34823 4779 8 desire desire NN 34823 4779 9 that that WDT 34823 4779 10 controls control VBZ 34823 4779 11 values value NNS 34823 4779 12 , , , 34823 4779 13 but but CC 34823 4779 14 also also RB 34823 4779 15 the the DT 34823 4779 16 social social JJ 34823 4779 17 weight weight NN 34823 4779 18 of of IN 34823 4779 19 those those DT 34823 4779 20 who who WP 34823 4779 21 manifest manifest VBP 34823 4779 22 the the DT 34823 4779 23 desire desire NN 34823 4779 24 . . . 34823 4780 1 And and CC 34823 4780 2 this this DT 34823 4780 3 depends depend VBZ 34823 4780 4 on on IN 34823 4780 5 the the DT 34823 4780 6 legal legal JJ 34823 4780 7 and and CC 34823 4780 8 other other JJ 34823 4780 9 institutional institutional JJ 34823 4780 10 values value NNS 34823 4780 11 concerned concern VBN 34823 4780 12 with with IN 34823 4780 13 social social JJ 34823 4780 14 organization organization NN 34823 4780 15 . . . 34823 4781 1 The the DT 34823 4781 2 point point NN 34823 4781 3 is be VBZ 34823 4781 4 strikingly strikingly RB 34823 4781 5 illustrated illustrate VBN 34823 4781 6 by by IN 34823 4781 7 Walker's[468 Walker's[468 NNP 34823 4781 8 ] ] -RRB- 34823 4781 9 account account NN 34823 4781 10 -- -- : 34823 4781 11 designed design VBN 34823 4781 12 for for IN 34823 4781 13 another another DT 34823 4781 14 purpose purpose NN 34823 4781 15 -- -- : 34823 4781 16 of of IN 34823 4781 17 the the DT 34823 4781 18 effect effect NN 34823 4781 19 on on IN 34823 4781 20 the the DT 34823 4781 21 values value NNS 34823 4781 22 of of IN 34823 4781 23 gold gold NN 34823 4781 24 and and CC 34823 4781 25 silver silver NN 34823 4781 26 of of IN 34823 4781 27 the the DT 34823 4781 28 conquests conquest NNS 34823 4781 29 of of IN 34823 4781 30 the the DT 34823 4781 31 great great JJ 34823 4781 32 Eastern eastern JJ 34823 4781 33 empires empire NNS 34823 4781 34 by by IN 34823 4781 35 Alexander Alexander NNP 34823 4781 36 the the DT 34823 4781 37 Great great JJ 34823 4781 38 and and CC 34823 4781 39 the the DT 34823 4781 40 Romans Romans NNPS 34823 4781 41 . . . 34823 4782 1 The the DT 34823 4782 2 production production NN 34823 4782 3 of of IN 34823 4782 4 gold gold NN 34823 4782 5 and and CC 34823 4782 6 silver silver NN 34823 4782 7 , , , 34823 4782 8 for for IN 34823 4782 9 the the DT 34823 4782 10 great great JJ 34823 4782 11 Eastern eastern JJ 34823 4782 12 empires empire NNS 34823 4782 13 , , , 34823 4782 14 was be VBD 34823 4782 15 like like IN 34823 4782 16 the the DT 34823 4782 17 rearing rearing NN 34823 4782 18 of of IN 34823 4782 19 the the DT 34823 4782 20 pyramids pyramid NNS 34823 4782 21 in in IN 34823 4782 22 Egypt Egypt NNP 34823 4782 23 . . . 34823 4783 1 All all DT 34823 4783 2 power power NN 34823 4783 3 was be VBD 34823 4783 4 centered center VBN 34823 4783 5 in in IN 34823 4783 6 the the DT 34823 4783 7 hands hand NNS 34823 4783 8 of of IN 34823 4783 9 a a DT 34823 4783 10 few few JJ 34823 4783 11 despots despot NNS 34823 4783 12 . . . 34823 4784 1 Control control NN 34823 4784 2 of of IN 34823 4784 3 vast vast JJ 34823 4784 4 masses masse NNS 34823 4784 5 of of IN 34823 4784 6 laborers laborer NNS 34823 4784 7 was be VBD 34823 4784 8 in in IN 34823 4784 9 their -PRON- PRP$ 34823 4784 10 hands hand NNS 34823 4784 11 . . . 34823 4785 1 The the DT 34823 4785 2 social social JJ 34823 4785 3 values value NNS 34823 4785 4 -- -- : 34823 4785 5 it -PRON- PRP 34823 4785 6 is be VBZ 34823 4785 7 difficult difficult JJ 34823 4785 8 to to TO 34823 4785 9 classify classify VB 34823 4785 10 them -PRON- PRP 34823 4785 11 as as IN 34823 4785 12 legal legal JJ 34823 4785 13 , , , 34823 4785 14 economic economic JJ 34823 4785 15 and and CC 34823 4785 16 religious religious JJ 34823 4785 17 , , , 34823 4785 18 since since IN 34823 4785 19 all all DT 34823 4785 20 three three CD 34823 4785 21 are be VBP 34823 4785 22 blended blend VBN 34823 4785 23 -- -- : 34823 4785 24 gave give VBD 34823 4785 25 little little JJ 34823 4785 26 weight weight NN 34823 4785 27 indeed indeed RB 34823 4785 28 to to IN 34823 4785 29 the the DT 34823 4785 30 desires desire NNS 34823 4785 31 of of IN 34823 4785 32 the the DT 34823 4785 33 masses masse NNS 34823 4785 34 , , , 34823 4785 35 and and CC 34823 4785 36 tremendous tremendous JJ 34823 4785 37 weight weight NN 34823 4785 38 to to IN 34823 4785 39 the the DT 34823 4785 40 slightest slight JJS 34823 4785 41 whims whim NNS 34823 4785 42 of of IN 34823 4785 43 the the DT 34823 4785 44 despot despot NN 34823 4785 45 . . . 34823 4786 1 Thus thus RB 34823 4786 2 , , , 34823 4786 3 since since IN 34823 4786 4 the the DT 34823 4786 5 love love NN 34823 4786 6 of of IN 34823 4786 7 gold gold NN 34823 4786 8 and and CC 34823 4786 9 silver silver NN 34823 4786 10 was be VBD 34823 4786 11 intense intense JJ 34823 4786 12 in in IN 34823 4786 13 these these DT 34823 4786 14 despots despot NNS 34823 4786 15 , , , 34823 4786 16 and and CC 34823 4786 17 since since IN 34823 4786 18 religious religious JJ 34823 4786 19 considerations consideration NNS 34823 4786 20 also also RB 34823 4786 21 called call VBD 34823 4786 22 for for IN 34823 4786 23 the the DT 34823 4786 24 accumulation accumulation NN 34823 4786 25 of of IN 34823 4786 26 great great JJ 34823 4786 27 treasuries treasury NNS 34823 4786 28 of of IN 34823 4786 29 gold gold NN 34823 4786 30 and and CC 34823 4786 31 silver silver NN 34823 4786 32 , , , 34823 4786 33 enormous enormous JJ 34823 4786 34 numbers number NNS 34823 4786 35 of of IN 34823 4786 36 laborers laborer NNS 34823 4786 37 , , , 34823 4786 38 living live VBG 34823 4786 39 miserably miserably RB 34823 4786 40 , , , 34823 4786 41 toiled toil VBN 34823 4786 42 in in IN 34823 4786 43 the the DT 34823 4786 44 mines mine NNS 34823 4786 45 to to TO 34823 4786 46 produce produce VB 34823 4786 47 them -PRON- PRP 34823 4786 48 , , , 34823 4786 49 and and CC 34823 4786 50 amazing amazing JJ 34823 4786 51 stores store NNS 34823 4786 52 of of IN 34823 4786 53 gold gold NN 34823 4786 54 and and CC 34823 4786 55 silver silver NN 34823 4786 56 were be VBD 34823 4786 57 accumulated accumulate VBN 34823 4786 58 . . . 34823 4787 1 The the DT 34823 4787 2 precious precious JJ 34823 4787 3 metals metal NNS 34823 4787 4 had have VBD 34823 4787 5 , , , 34823 4787 6 in in IN 34823 4787 7 these these DT 34823 4787 8 Eastern eastern JJ 34823 4787 9 empires empire NNS 34823 4787 10 , , , 34823 4787 11 a a DT 34823 4787 12 high high JJ 34823 4787 13 value value NN 34823 4787 14 per per IN 34823 4787 15 unit unit NN 34823 4787 16 , , , 34823 4787 17 since since IN 34823 4787 18 so so RB 34823 4787 19 large large JJ 34823 4787 20 a a DT 34823 4787 21 portion portion NN 34823 4787 22 of of IN 34823 4787 23 the the DT 34823 4787 24 social social JJ 34823 4787 25 energy energy NN 34823 4787 26 of of IN 34823 4787 27 motivation motivation NN 34823 4787 28 attached attach VBD 34823 4787 29 itself -PRON- PRP 34823 4787 30 to to IN 34823 4787 31 them -PRON- PRP 34823 4787 32 . . . 34823 4788 1 With with IN 34823 4788 2 the the DT 34823 4788 3 conquests conquest NNS 34823 4788 4 by by IN 34823 4788 5 Greeks Greeks NNPS 34823 4788 6 and and CC 34823 4788 7 Romans Romans NNPS 34823 4788 8 , , , 34823 4788 9 however however RB 34823 4788 10 , , , 34823 4788 11 a a DT 34823 4788 12 great great JJ 34823 4788 13 change change NN 34823 4788 14 came come VBD 34823 4788 15 . . . 34823 4789 1 The the DT 34823 4789 2 old old JJ 34823 4789 3 , , , 34823 4789 4 gold gold NN 34823 4789 5 - - HYPH 34823 4789 6 loving love VBG 34823 4789 7 despots despot NNS 34823 4789 8 lost lose VBD 34823 4789 9 their -PRON- PRP$ 34823 4789 10 power power NN 34823 4789 11 . . . 34823 4790 1 The the DT 34823 4790 2 conquerors conqueror NNS 34823 4790 3 had have VBD 34823 4790 4 vastly vastly RB 34823 4790 5 less less JJR 34823 4790 6 love love NN 34823 4790 7 for for IN 34823 4790 8 gold gold NN 34823 4790 9 and and CC 34823 4790 10 silver silver NN 34823 4790 11 for for IN 34823 4790 12 their -PRON- PRP$ 34823 4790 13 own own JJ 34823 4790 14 sake sake NN 34823 4790 15 . . . 34823 4791 1 Moreover moreover RB 34823 4791 2 , , , 34823 4791 3 the the DT 34823 4791 4 leaders leader NNS 34823 4791 5 among among IN 34823 4791 6 the the DT 34823 4791 7 conquerors conqueror NNS 34823 4791 8 had have VBD 34823 4791 9 very very RB 34823 4791 10 much much RB 34823 4791 11 less less JJR 34823 4791 12 power power NN 34823 4791 13 in in IN 34823 4791 14 their -PRON- PRP$ 34823 4791 15 own own JJ 34823 4791 16 social social JJ 34823 4791 17 systems system NNS 34823 4791 18 than than IN 34823 4791 19 had have VBD 34823 4791 20 the the DT 34823 4791 21 oriental oriental JJ 34823 4791 22 despots despot NNS 34823 4791 23 . . . 34823 4792 1 Their -PRON- PRP$ 34823 4792 2 soldiers soldier NNS 34823 4792 3 were be VBD 34823 4792 4 in in IN 34823 4792 5 considerable considerable JJ 34823 4792 6 degree degree NN 34823 4792 7 free free JJ 34823 4792 8 mercenaries mercenary NNS 34823 4792 9 , , , 34823 4792 10 who who WP 34823 4792 11 had have VBD 34823 4792 12 a a DT 34823 4792 13 right right NN 34823 4792 14 to to IN 34823 4792 15 a a DT 34823 4792 16 share share NN 34823 4792 17 in in IN 34823 4792 18 the the DT 34823 4792 19 spoils spoil NNS 34823 4792 20 , , , 34823 4792 21 and and CC 34823 4792 22 who who WP 34823 4792 23 cared care VBD 34823 4792 24 much much RB 34823 4792 25 less less JJR 34823 4792 26 for for IN 34823 4792 27 hoards hoard NNS 34823 4792 28 of of IN 34823 4792 29 precious precious JJ 34823 4792 30 metals metal NNS 34823 4792 31 than than IN 34823 4792 32 for for IN 34823 4792 33 many many JJ 34823 4792 34 other other JJ 34823 4792 35 things thing NNS 34823 4792 36 . . . 34823 4793 1 In in IN 34823 4793 2 the the DT 34823 4793 3 new new JJ 34823 4793 4 régime régime NN 34823 4793 5 , , , 34823 4793 6 the the DT 34823 4793 7 social social JJ 34823 4793 8 centre centre NN 34823 4793 9 of of IN 34823 4793 10 gravity gravity NN 34823 4793 11 was be VBD 34823 4793 12 changed change VBN 34823 4793 13 . . . 34823 4794 1 There there EX 34823 4794 2 remained remain VBD 34823 4794 3 few few JJ 34823 4794 4 who who WP 34823 4794 5 loved love VBD 34823 4794 6 great great JJ 34823 4794 7 stores store NNS 34823 4794 8 of of IN 34823 4794 9 precious precious JJ 34823 4794 10 metals metal NNS 34823 4794 11 who who WP 34823 4794 12 had have VBD 34823 4794 13 power power NN 34823 4794 14 enough enough RB 34823 4794 15 to to TO 34823 4794 16 accumulate accumulate VB 34823 4794 17 them -PRON- PRP 34823 4794 18 . . . 34823 4795 1 Mining mine VBG 34823 4795 2 on on IN 34823 4795 3 the the DT 34823 4795 4 old old JJ 34823 4795 5 basis basis NN 34823 4795 6 was be VBD 34823 4795 7 impossible impossible JJ 34823 4795 8 . . . 34823 4796 1 Though though IN 34823 4796 2 slavery slavery NN 34823 4796 3 persisted persist VBD 34823 4796 4 , , , 34823 4796 5 more more JJR 34823 4796 6 and and CC 34823 4796 7 more more JJR 34823 4796 8 of of IN 34823 4796 9 the the DT 34823 4796 10 labor labor NN 34823 4796 11 of of IN 34823 4796 12 slaves slave NNS 34823 4796 13 went go VBD 34823 4796 14 into into IN 34823 4796 15 the the DT 34823 4796 16 production production NN 34823 4796 17 of of IN 34823 4796 18 things thing NNS 34823 4796 19 that that WDT 34823 4796 20 the the DT 34823 4796 21 masses masse NNS 34823 4796 22 of of IN 34823 4796 23 men man NNS 34823 4796 24 could could MD 34823 4796 25 consume consume VB 34823 4796 26 . . . 34823 4797 1 Gold gold NN 34823 4797 2 and and CC 34823 4797 3 silver silver NN 34823 4797 4 sank sink VBD 34823 4797 5 enormously enormously RB 34823 4797 6 in in IN 34823 4797 7 value value NN 34823 4797 8 . . . 34823 4798 1 Radical radical JJ 34823 4798 2 readjustments readjustment NNS 34823 4798 3 in in IN 34823 4798 4 the the DT 34823 4798 5 distribution distribution NN 34823 4798 6 of of IN 34823 4798 7 wealth wealth NN 34823 4798 8 in in IN 34823 4798 9 our -PRON- PRP$ 34823 4798 10 own own JJ 34823 4798 11 day day NN 34823 4798 12 , , , 34823 4798 13 might may MD 34823 4798 14 well well RB 34823 4798 15 make make VB 34823 4798 16 substantial substantial JJ 34823 4798 17 changes change NNS 34823 4798 18 in in IN 34823 4798 19 the the DT 34823 4798 20 value value NN 34823 4798 21 of of IN 34823 4798 22 gold gold NN 34823 4798 23 , , , 34823 4798 24 without without IN 34823 4798 25 any any DT 34823 4798 26 change change NN 34823 4798 27 in in IN 34823 4798 28 its -PRON- PRP$ 34823 4798 29 quantity quantity NN 34823 4798 30 . . . 34823 4799 1 That that IN 34823 4799 2 a a DT 34823 4799 3 more more RBR 34823 4799 4 equal equal JJ 34823 4799 5 distribution distribution NN 34823 4799 6 of of IN 34823 4799 7 wealth wealth NN 34823 4799 8 and and CC 34823 4799 9 power power NN 34823 4799 10 , , , 34823 4799 11 however however RB 34823 4799 12 , , , 34823 4799 13 would would MD 34823 4799 14 lower lower VB 34823 4799 15 the the DT 34823 4799 16 value value NN 34823 4799 17 of of IN 34823 4799 18 gold gold NN 34823 4799 19 now now RB 34823 4799 20 , , , 34823 4799 21 as as IN 34823 4799 22 in in IN 34823 4799 23 the the DT 34823 4799 24 case case NN 34823 4799 25 just just RB 34823 4799 26 discussed discuss VBN 34823 4799 27 , , , 34823 4799 28 is be VBZ 34823 4799 29 not not RB 34823 4799 30 so so RB 34823 4799 31 clear clear JJ 34823 4799 32 . . . 34823 4800 1 The the DT 34823 4800 2 masses masse NNS 34823 4800 3 in in IN 34823 4800 4 the the DT 34823 4800 5 Western western JJ 34823 4800 6 countries country NNS 34823 4800 7 are be VBP 34823 4800 8 already already RB 34823 4800 9 fed feed VBN 34823 4800 10 and and CC 34823 4800 11 clothed clothe VBN 34823 4800 12 , , , 34823 4800 13 as as IN 34823 4800 14 a a DT 34823 4800 15 rule rule NN 34823 4800 16 , , , 34823 4800 17 even even RB 34823 4800 18 in in IN 34823 4800 19 times time NNS 34823 4800 20 of of IN 34823 4800 21 adversity adversity NN 34823 4800 22 , , , 34823 4800 23 and and CC 34823 4800 24 usually usually RB 34823 4800 25 increasing increase VBG 34823 4800 26 income income NN 34823 4800 27 for for IN 34823 4800 28 them -PRON- PRP 34823 4800 29 means mean VBZ 34823 4800 30 increasing increase VBG 34823 4800 31 expenditure expenditure NN 34823 4800 32 to to TO 34823 4800 33 satisfy satisfy VB 34823 4800 34 less less RBR 34823 4800 35 pressing pressing JJ 34823 4800 36 wants want NNS 34823 4800 37 , , , 34823 4800 38 and and CC 34823 4800 39 particularly particularly RB 34823 4800 40 to to TO 34823 4800 41 satisfy satisfy VB 34823 4800 42 wants want VBZ 34823 4800 43 connected connect VBN 34823 4800 44 with with IN 34823 4800 45 social social JJ 34823 4800 46 esteem esteem NN 34823 4800 47 . . . 34823 4801 1 The the DT 34823 4801 2 laborer laborer NN 34823 4801 3 's 's POS 34823 4801 4 wife wife NN 34823 4801 5 gets get VBZ 34823 4801 6 an an DT 34823 4801 7 expensive expensive JJ 34823 4801 8 cab cab NN 34823 4801 9 for for IN 34823 4801 10 her -PRON- PRP$ 34823 4801 11 baby baby NN 34823 4801 12 when when WRB 34823 4801 13 she -PRON- PRP 34823 4801 14 can can MD 34823 4801 15 afford afford VB 34823 4801 16 it -PRON- PRP 34823 4801 17 . . . 34823 4802 1 The the DT 34823 4802 2 negroes negro NNS 34823 4802 3 have have VBP 34823 4802 4 gold gold NN 34823 4802 5 fillings filling NNS 34823 4802 6 put put VBN 34823 4802 7 in in IN 34823 4802 8 their -PRON- PRP$ 34823 4802 9 front front JJ 34823 4802 10 teeth tooth NNS 34823 4802 11 -- -- : 34823 4802 12 sometimes sometimes RB 34823 4802 13 when when WRB 34823 4802 14 the the DT 34823 4802 15 teeth tooth NNS 34823 4802 16 are be VBP 34823 4802 17 sound sound JJ 34823 4802 18 ! ! . 34823 4803 1 The the DT 34823 4803 2 practice practice NN 34823 4803 3 of of IN 34823 4803 4 giving give VBG 34823 4803 5 wedding wedding NN 34823 4803 6 rings ring NNS 34823 4803 7 , , , 34823 4803 8 and and CC 34823 4803 9 even even RB 34823 4803 10 engagement engagement NN 34823 4803 11 rings ring NNS 34823 4803 12 , , , 34823 4803 13 is be VBZ 34823 4803 14 spreading spread VBG 34823 4803 15 among among IN 34823 4803 16 the the DT 34823 4803 17 poor poor JJ 34823 4803 18 . . . 34823 4804 1 Our -PRON- PRP$ 34823 4804 2 American american JJ 34823 4804 3 rural rural JJ 34823 4804 4 poor poor JJ 34823 4804 5 , , , 34823 4804 6 of of IN 34823 4804 7 pioneer pioneer NN 34823 4804 8 stock stock NN 34823 4804 9 , , , 34823 4804 10 have have VBP 34823 4804 11 had have VBN 34823 4804 12 less less JJR 34823 4804 13 concern concern NN 34823 4804 14 for for IN 34823 4804 15 gold gold NN 34823 4804 16 and and CC 34823 4804 17 silver silver NN 34823 4804 18 ornament ornament NN 34823 4804 19 than than IN 34823 4804 20 the the DT 34823 4804 21 masses masse NNS 34823 4804 22 of of IN 34823 4804 23 the the DT 34823 4804 24 Asiatics Asiatics NNPS 34823 4804 25 and and CC 34823 4804 26 recent recent JJ 34823 4804 27 European european JJ 34823 4804 28 immigrants immigrant NNS 34823 4804 29 . . . 34823 4805 1 But but CC 34823 4805 2 among among IN 34823 4805 3 the the DT 34823 4805 4 rural rural JJ 34823 4805 5 poor poor JJ 34823 4805 6 in in IN 34823 4805 7 America America NNP 34823 4805 8 , , , 34823 4805 9 as as IN 34823 4805 10 city city NN 34823 4805 11 standards standard NNS 34823 4805 12 spread spread VBD 34823 4805 13 , , , 34823 4805 14 the the DT 34823 4805 15 tendency tendency NN 34823 4805 16 to to TO 34823 4805 17 use use VB 34823 4805 18 gold gold NN 34823 4805 19 and and CC 34823 4805 20 silver silver NN 34823 4805 21 ornaments ornament NNS 34823 4805 22 seems seem VBZ 34823 4805 23 to to TO 34823 4805 24 be be VB 34823 4805 25 increasing increase VBG 34823 4805 26 , , , 34823 4805 27 while while IN 34823 4805 28 we -PRON- PRP 34823 4805 29 may may MD 34823 4805 30 with with IN 34823 4805 31 considerable considerable JJ 34823 4805 32 confidence confidence NN 34823 4805 33 expect expect VBP 34823 4805 34 , , , 34823 4805 35 I -PRON- PRP 34823 4805 36 think think VBP 34823 4805 37 , , , 34823 4805 38 that that IN 34823 4805 39 the the DT 34823 4805 40 rise rise NN 34823 4805 41 of of IN 34823 4805 42 the the DT 34823 4805 43 immigrant immigrant NN 34823 4805 44 to to IN 34823 4805 45 better better VB 34823 4805 46 economic economic JJ 34823 4805 47 conditions condition NNS 34823 4805 48 will will MD 34823 4805 49 mean mean VB 34823 4805 50 a a DT 34823 4805 51 larger large JJR 34823 4805 52 use use NN 34823 4805 53 of of IN 34823 4805 54 gold gold NN 34823 4805 55 and and CC 34823 4805 56 silver silver NN 34823 4805 57 on on IN 34823 4805 58 his -PRON- PRP$ 34823 4805 59 part part NN 34823 4805 60 . . . 34823 4806 1 Gold gold NN 34823 4806 2 leaf leaf NN 34823 4806 3 on on IN 34823 4806 4 ceilings ceiling NNS 34823 4806 5 and and CC 34823 4806 6 radiators radiator NNS 34823 4806 7 would would MD 34823 4806 8 cease cease VB 34823 4806 9 , , , 34823 4806 10 doubtless doubtless RB 34823 4806 11 , , , 34823 4806 12 except except IN 34823 4806 13 for for IN 34823 4806 14 public public JJ 34823 4806 15 buildings building NNS 34823 4806 16 , , , 34823 4806 17 if if IN 34823 4806 18 great great JJ 34823 4806 19 fortunes fortune NNS 34823 4806 20 disappeared disappear VBD 34823 4806 21 , , , 34823 4806 22 and and CC 34823 4806 23 the the DT 34823 4806 24 use use NN 34823 4806 25 of of IN 34823 4806 26 gold gold NN 34823 4806 27 , , , 34823 4806 28 at at IN 34823 4806 29 least least JJS 34823 4806 30 , , , 34823 4806 31 for for IN 34823 4806 32 plate plate NN 34823 4806 33 , , , 34823 4806 34 would would MD 34823 4806 35 be be VB 34823 4806 36 impossible impossible JJ 34823 4806 37 in in IN 34823 4806 38 an an DT 34823 4806 39 economic economic JJ 34823 4806 40 democracy democracy NN 34823 4806 41 . . . 34823 4807 1 [ [ -LRB- 34823 4807 2 469 469 CD 34823 4807 3 ] ] -RRB- 34823 4807 4 Silver silver NN 34823 4807 5 might may MD 34823 4807 6 well well RB 34823 4807 7 gain gain VB 34823 4807 8 in in IN 34823 4807 9 value value NN 34823 4807 10 at at IN 34823 4807 11 the the DT 34823 4807 12 expense expense NN 34823 4807 13 of of IN 34823 4807 14 gold gold NN 34823 4807 15 if if IN 34823 4807 16 there there EX 34823 4807 17 were be VBD 34823 4807 18 radical radical JJ 34823 4807 19 changes change NNS 34823 4807 20 in in IN 34823 4807 21 the the DT 34823 4807 22 distribution distribution NN 34823 4807 23 of of IN 34823 4807 24 wealth wealth NN 34823 4807 25 . . . 34823 4808 1 It -PRON- PRP 34823 4808 2 is be VBZ 34823 4808 3 notorious notorious JJ 34823 4808 4 that that DT 34823 4808 5 prosperity prosperity NN 34823 4808 6 among among IN 34823 4808 7 the the DT 34823 4808 8 agricultural agricultural JJ 34823 4808 9 masses masse NNS 34823 4808 10 of of IN 34823 4808 11 India India NNP 34823 4808 12 is be VBZ 34823 4808 13 promptly promptly RB 34823 4808 14 followed follow VBN 34823 4808 15 by by IN 34823 4808 16 absorption absorption NN 34823 4808 17 of of IN 34823 4808 18 gold gold NN 34823 4808 19 in in IN 34823 4808 20 that that DT 34823 4808 21 country country NN 34823 4808 22 . . . 34823 4809 1 I -PRON- PRP 34823 4809 2 venture venture VBP 34823 4809 3 no no DT 34823 4809 4 concrete concrete JJ 34823 4809 5 conclusions conclusion NNS 34823 4809 6 on on IN 34823 4809 7 this this DT 34823 4809 8 point point NN 34823 4809 9 , , , 34823 4809 10 beyond beyond IN 34823 4809 11 the the DT 34823 4809 12 general general JJ 34823 4809 13 conclusion conclusion NN 34823 4809 14 that that IN 34823 4809 15 a a DT 34823 4809 16 redistribution redistribution NN 34823 4809 17 of of IN 34823 4809 18 wealth wealth NN 34823 4809 19 , , , 34823 4809 20 with with IN 34823 4809 21 no no DT 34823 4809 22 change change NN 34823 4809 23 in in IN 34823 4809 24 the the DT 34823 4809 25 quantity quantity NN 34823 4809 26 of of IN 34823 4809 27 gold gold NN 34823 4809 28 , , , 34823 4809 29 might may MD 34823 4809 30 well well RB 34823 4809 31 be be VB 34823 4809 32 expected expect VBN 34823 4809 33 to to TO 34823 4809 34 alter alter VB 34823 4809 35 the the DT 34823 4809 36 value value NN 34823 4809 37 of of IN 34823 4809 38 gold gold NN 34823 4809 39 . . . 34823 4810 1 It -PRON- PRP 34823 4810 2 may may MD 34823 4810 3 be be VB 34823 4810 4 added add VBN 34823 4810 5 that that IN 34823 4810 6 the the DT 34823 4810 7 general general JJ 34823 4810 8 impoverishment impoverishment NN 34823 4810 9 of of IN 34823 4810 10 Europe Europe NNP 34823 4810 11 , , , 34823 4810 12 growing grow VBG 34823 4810 13 out out IN 34823 4810 14 of of IN 34823 4810 15 the the DT 34823 4810 16 present present JJ 34823 4810 17 World World NNP 34823 4810 18 War War NNP 34823 4810 19 , , , 34823 4810 20 will will MD 34823 4810 21 probably probably RB 34823 4810 22 lower lower VB 34823 4810 23 the the DT 34823 4810 24 marginal marginal JJ 34823 4810 25 value value NN 34823 4810 26 of of IN 34823 4810 27 gold gold NN 34823 4810 28 in in IN 34823 4810 29 the the DT 34823 4810 30 arts art NNS 34823 4810 31 ( ( -LRB- 34823 4810 32 and and CC 34823 4810 33 hence hence RB 34823 4810 34 as as IN 34823 4810 35 money money NN 34823 4810 36 ) ) -RRB- 34823 4810 37 in in IN 34823 4810 38 considerable considerable JJ 34823 4810 39 degree degree NN 34823 4810 40 . . . 34823 4811 1 From from IN 34823 4811 2 this this DT 34823 4811 3 cause cause NN 34823 4811 4 alone alone RB 34823 4811 5 , , , 34823 4811 6 to to TO 34823 4811 7 say say VB 34823 4811 8 nothing nothing NN 34823 4811 9 of of IN 34823 4811 10 causes cause NNS 34823 4811 11 growing grow VBG 34823 4811 12 out out IN 34823 4811 13 of of IN 34823 4811 14 the the DT 34823 4811 15 money money NN 34823 4811 16 - - HYPH 34823 4811 17 employment employment NN 34823 4811 18 of of IN 34823 4811 19 gold gold NN 34823 4811 20 , , , 34823 4811 21 and and CC 34823 4811 22 growing grow VBG 34823 4811 23 out out IN 34823 4811 24 of of IN 34823 4811 25 the the DT 34823 4811 26 values value NNS 34823 4811 27 of of IN 34823 4811 28 goods good NNS 34823 4811 29 other other JJ 34823 4811 30 than than IN 34823 4811 31 gold gold NN 34823 4811 32 , , , 34823 4811 33 we -PRON- PRP 34823 4811 34 might may MD 34823 4811 35 expect expect VB 34823 4811 36 higher high JJR 34823 4811 37 prices price NNS 34823 4811 38 after after IN 34823 4811 39 the the DT 34823 4811 40 War War NNP 34823 4811 41 than than IN 34823 4811 42 before before IN 34823 4811 43 the the DT 34823 4811 44 War War NNP 34823 4811 45 , , , 34823 4811 46 for for IN 34823 4811 47 articles article NNS 34823 4811 48 of of IN 34823 4811 49 consumption consumption NN 34823 4811 50 . . . 34823 4812 1 [ [ -LRB- 34823 4812 2 470 470 CD 34823 4812 3 ] ] -RRB- 34823 4812 4 CHAPTER chapter NN 34823 4812 5 XXII xxii NN 34823 4812 6 THE the DT 34823 4812 7 FUNCTIONS FUNCTIONS NNP 34823 4812 8 OF of IN 34823 4812 9 MONEY MONEY NNP 34823 4812 10 AND and CC 34823 4812 11 THE the DT 34823 4812 12 VALUE value NN 34823 4812 13 OF of IN 34823 4812 14 MONEY money NN 34823 4812 15 In in IN 34823 4812 16 preceding precede VBG 34823 4812 17 chapters chapter NNS 34823 4812 18 , , , 34823 4812 19 I -PRON- PRP 34823 4812 20 have have VBP 34823 4812 21 spoken speak VBN 34823 4812 22 of of IN 34823 4812 23 the the DT 34823 4812 24 " " `` 34823 4812 25 money money NN 34823 4812 26 - - HYPH 34823 4812 27 service service NN 34823 4812 28 " " '' 34823 4812 29 as as IN 34823 4812 30 a a DT 34823 4812 31 source source NN 34823 4812 32 of of IN 34823 4812 33 additional additional JJ 34823 4812 34 value value NN 34823 4812 35 of of IN 34823 4812 36 money money NN 34823 4812 37 , , , 34823 4812 38 under under IN 34823 4812 39 certain certain JJ 34823 4812 40 conditions condition NNS 34823 4812 41 . . . 34823 4813 1 Before before IN 34823 4813 2 money money NN 34823 4813 3 can can MD 34823 4813 4 function function VB 34823 4813 5 as as IN 34823 4813 6 money money NN 34823 4813 7 at at RB 34823 4813 8 all all RB 34823 4813 9 , , , 34823 4813 10 it -PRON- PRP 34823 4813 11 must must MD 34823 4813 12 have have VB 34823 4813 13 value value NN 34823 4813 14 from from IN 34823 4813 15 some some DT 34823 4813 16 non non JJ 34823 4813 17 - - JJ 34823 4813 18 monetary monetary JJ 34823 4813 19 source source NN 34823 4813 20 . . . 34823 4814 1 [ [ -LRB- 34823 4814 2 471 471 CD 34823 4814 3 ] ] -RRB- 34823 4814 4 But but CC 34823 4814 5 , , , 34823 4814 6 given give VBN 34823 4814 7 this this DT 34823 4814 8 prior prior JJ 34823 4814 9 value value NN 34823 4814 10 , , , 34823 4814 11 money money NN 34823 4814 12 performs perform VBZ 34823 4814 13 valuable valuable JJ 34823 4814 14 services service NNS 34823 4814 15 . . . 34823 4815 1 These these DT 34823 4815 2 valuable valuable JJ 34823 4815 3 services service NNS 34823 4815 4 , , , 34823 4815 5 in in IN 34823 4815 6 certain certain JJ 34823 4815 7 cases case NNS 34823 4815 8 , , , 34823 4815 9 add add VB 34823 4815 10 to to IN 34823 4815 11 the the DT 34823 4815 12 value value NN 34823 4815 13 of of IN 34823 4815 14 money money NN 34823 4815 15 . . . 34823 4816 1 Moreover moreover RB 34823 4816 2 , , , 34823 4816 3 the the DT 34823 4816 4 fact fact NN 34823 4816 5 that that IN 34823 4816 6 money money NN 34823 4816 7 , , , 34823 4816 8 when when WRB 34823 4816 9 made make VBN 34823 4816 10 of of IN 34823 4816 11 a a DT 34823 4816 12 metal metal NN 34823 4816 13 used use VBN 34823 4816 14 in in IN 34823 4816 15 the the DT 34823 4816 16 arts art NNS 34823 4816 17 , , , 34823 4816 18 lessens lessen VBZ 34823 4816 19 the the DT 34823 4816 20 amount amount NN 34823 4816 21 available available JJ 34823 4816 22 for for IN 34823 4816 23 use use NN 34823 4816 24 in in IN 34823 4816 25 the the DT 34823 4816 26 arts art NNS 34823 4816 27 , , , 34823 4816 28 raises raise VBZ 34823 4816 29 the the DT 34823 4816 30 marginal marginal JJ 34823 4816 31 value value NN 34823 4816 32 of of IN 34823 4816 33 that that DT 34823 4816 34 metal metal NN 34823 4816 35 there there RB 34823 4816 36 , , , 34823 4816 37 and and CC 34823 4816 38 consequently consequently RB 34823 4816 39 raises raise VBZ 34823 4816 40 its -PRON- PRP$ 34823 4816 41 value value NN 34823 4816 42 in in IN 34823 4816 43 monetary monetary JJ 34823 4816 44 form form NN 34823 4816 45 as as RB 34823 4816 46 well well RB 34823 4816 47 . . . 34823 4817 1 It -PRON- PRP 34823 4817 2 is be VBZ 34823 4817 3 now now RB 34823 4817 4 necessary necessary JJ 34823 4817 5 to to TO 34823 4817 6 analyze analyze VB 34823 4817 7 the the DT 34823 4817 8 money money NN 34823 4817 9 - - HYPH 34823 4817 10 service service NN 34823 4817 11 , , , 34823 4817 12 and and CC 34823 4817 13 to to TO 34823 4817 14 see see VB 34823 4817 15 in in IN 34823 4817 16 precisely precisely RB 34823 4817 17 what what WP 34823 4817 18 ways way NNS 34823 4817 19 it -PRON- PRP 34823 4817 20 does do VBZ 34823 4817 21 affect affect VB 34823 4817 22 the the DT 34823 4817 23 value value NN 34823 4817 24 of of IN 34823 4817 25 money money NN 34823 4817 26 . . . 34823 4818 1 And and CC 34823 4818 2 first first RB 34823 4818 3 , , , 34823 4818 4 we -PRON- PRP 34823 4818 5 must must MD 34823 4818 6 notice notice VB 34823 4818 7 that that IN 34823 4818 8 the the DT 34823 4818 9 money money NN 34823 4818 10 - - HYPH 34823 4818 11 service service NN 34823 4818 12 is be VBZ 34823 4818 13 not not RB 34823 4818 14 simple simple JJ 34823 4818 15 , , , 34823 4818 16 but but CC 34823 4818 17 compound compound NN 34823 4818 18 ; ; : 34823 4818 19 that that IN 34823 4818 20 in in IN 34823 4818 21 fact fact NN 34823 4818 22 there there EX 34823 4818 23 are be VBP 34823 4818 24 several several JJ 34823 4818 25 services service NNS 34823 4818 26 of of IN 34823 4818 27 money money NN 34823 4818 28 , , , 34823 4818 29 in in IN 34823 4818 30 many many JJ 34823 4818 31 ways way NNS 34823 4818 32 distinct distinct JJ 34823 4818 33 from from IN 34823 4818 34 one one CD 34823 4818 35 another another DT 34823 4818 36 ; ; : 34823 4818 37 that that IN 34823 4818 38 not not RB 34823 4818 39 all all DT 34823 4818 40 money money NN 34823 4818 41 can can MD 34823 4818 42 perform perform VB 34823 4818 43 all all DT 34823 4818 44 of of IN 34823 4818 45 these these DT 34823 4818 46 services service NNS 34823 4818 47 ; ; : 34823 4818 48 that that IN 34823 4818 49 most most JJS 34823 4818 50 of of IN 34823 4818 51 them -PRON- PRP 34823 4818 52 may may MD 34823 4818 53 be be VB 34823 4818 54 performed perform VBN 34823 4818 55 by by IN 34823 4818 56 things thing NNS 34823 4818 57 other other JJ 34823 4818 58 than than IN 34823 4818 59 money money NN 34823 4818 60 , , , 34823 4818 61 that that IN 34823 4818 62 these these DT 34823 4818 63 services service NNS 34823 4818 64 are be VBP 34823 4818 65 not not RB 34823 4818 66 all all DT 34823 4818 67 equally equally RB 34823 4818 68 important important JJ 34823 4818 69 as as IN 34823 4818 70 sources source NNS 34823 4818 71 of of IN 34823 4818 72 the the DT 34823 4818 73 value value NN 34823 4818 74 of of IN 34823 4818 75 money money NN 34823 4818 76 , , , 34823 4818 77 and and CC 34823 4818 78 that that IN 34823 4818 79 the the DT 34823 4818 80 same same JJ 34823 4818 81 service service NN 34823 4818 82 varies vary VBZ 34823 4818 83 , , , 34823 4818 84 from from IN 34823 4818 85 time time NN 34823 4818 86 to to IN 34823 4818 87 time time NN 34823 4818 88 and and CC 34823 4818 89 from from IN 34823 4818 90 place place NN 34823 4818 91 to to IN 34823 4818 92 place place NN 34823 4818 93 , , , 34823 4818 94 in in IN 34823 4818 95 its -PRON- PRP$ 34823 4818 96 significance significance NN 34823 4818 97 from from IN 34823 4818 98 this this DT 34823 4818 99 angle angle NN 34823 4818 100 ; ; : 34823 4818 101 and and CC 34823 4818 102 finally finally RB 34823 4818 103 , , , 34823 4818 104 that that IN 34823 4818 105 one one CD 34823 4818 106 of of IN 34823 4818 107 these these DT 34823 4818 108 services service NNS 34823 4818 109 which which WDT 34823 4818 110 is be VBZ 34823 4818 111 of of IN 34823 4818 112 the the DT 34823 4818 113 greatest great JJS 34823 4818 114 social social JJ 34823 4818 115 importance importance NN 34823 4818 116 , , , 34823 4818 117 namely namely RB 34823 4818 118 , , , 34823 4818 119 the the DT 34823 4818 120 " " `` 34823 4818 121 common common JJ 34823 4818 122 measure measure NN 34823 4818 123 of of IN 34823 4818 124 values value NNS 34823 4818 125 " " '' 34823 4818 126 function function NN 34823 4818 127 , , , 34823 4818 128 does do VBZ 34823 4818 129 not not RB 34823 4818 130 add add VB 34823 4818 131 to to IN 34823 4818 132 the the DT 34823 4818 133 value value NN 34823 4818 134 of of IN 34823 4818 135 money money NN 34823 4818 136 at at RB 34823 4818 137 all all RB 34823 4818 138 . . . 34823 4819 1 I -PRON- PRP 34823 4819 2 shall shall MD 34823 4819 3 not not RB 34823 4819 4 now now RB 34823 4819 5 undertake undertake VB 34823 4819 6 a a DT 34823 4819 7 history history NN 34823 4819 8 of of IN 34823 4819 9 theories theory NNS 34823 4819 10 of of IN 34823 4819 11 the the DT 34823 4819 12 functions function NNS 34823 4819 13 of of IN 34823 4819 14 money money NN 34823 4819 15 . . . 34823 4820 1 Many many JJ 34823 4820 2 of of IN 34823 4820 3 the the DT 34823 4820 4 points point NNS 34823 4820 5 which which WDT 34823 4820 6 follow follow VBP 34823 4820 7 are be VBP 34823 4820 8 common common JJ 34823 4820 9 property property NN 34823 4820 10 of of IN 34823 4820 11 many many JJ 34823 4820 12 writers writer NNS 34823 4820 13 . . . 34823 4821 1 [ [ -LRB- 34823 4821 2 472 472 CD 34823 4821 3 ] ] -RRB- 34823 4821 4 The the DT 34823 4821 5 nature nature NN 34823 4821 6 of of IN 34823 4821 7 some some DT 34823 4821 8 functions function NNS 34823 4821 9 has have VBZ 34823 4821 10 been be VBN 34823 4821 11 more more RBR 34823 4821 12 clearly clearly RB 34823 4821 13 explained explain VBN 34823 4821 14 than than IN 34823 4821 15 that that DT 34823 4821 16 of of IN 34823 4821 17 others other NNS 34823 4821 18 . . . 34823 4822 1 I -PRON- PRP 34823 4822 2 have have VBP 34823 4822 3 not not RB 34823 4822 4 found find VBN 34823 4822 5 in in IN 34823 4822 6 the the DT 34823 4822 7 literature literature NN 34823 4822 8 of of IN 34823 4822 9 the the DT 34823 4822 10 subject subject NN 34823 4822 11 any any DT 34823 4822 12 very very RB 34823 4822 13 clear clear JJ 34823 4822 14 statements statement NNS 34823 4822 15 , , , 34823 4822 16 moreover moreover RB 34823 4822 17 , , , 34823 4822 18 as as IN 34823 4822 19 to to IN 34823 4822 20 the the DT 34823 4822 21 relations relation NNS 34823 4822 22 of of IN 34823 4822 23 different different JJ 34823 4822 24 functions function NNS 34823 4822 25 to to IN 34823 4822 26 the the DT 34823 4822 27 value value NN 34823 4822 28 of of IN 34823 4822 29 money money NN 34823 4822 30 . . . 34823 4823 1 I -PRON- PRP 34823 4823 2 shall shall MD 34823 4823 3 try try VB 34823 4823 4 in in IN 34823 4823 5 what what WP 34823 4823 6 follows follow VBZ 34823 4823 7 , , , 34823 4823 8 by by IN 34823 4823 9 a a DT 34823 4823 10 series series NN 34823 4823 11 of of IN 34823 4823 12 hypothetical hypothetical JJ 34823 4823 13 cases case NNS 34823 4823 14 , , , 34823 4823 15 to to TO 34823 4823 16 isolate isolate VB 34823 4823 17 each each DT 34823 4823 18 function function NN 34823 4823 19 of of IN 34823 4823 20 money money NN 34823 4823 21 , , , 34823 4823 22 as as RB 34823 4823 23 far far RB 34823 4823 24 as as IN 34823 4823 25 may may MD 34823 4823 26 be be VB 34823 4823 27 , , , 34823 4823 28 and and CC 34823 4823 29 shall shall MD 34823 4823 30 try try VB 34823 4823 31 , , , 34823 4823 32 by by IN 34823 4823 33 varying vary VBG 34823 4823 34 my -PRON- PRP$ 34823 4823 35 hypotheses hypothesis NNS 34823 4823 36 , , , 34823 4823 37 to to TO 34823 4823 38 indicate indicate VB 34823 4823 39 variations variation NNS 34823 4823 40 in in IN 34823 4823 41 the the DT 34823 4823 42 influence influence NN 34823 4823 43 of of IN 34823 4823 44 the the DT 34823 4823 45 different different JJ 34823 4823 46 functions function NNS 34823 4823 47 on on IN 34823 4823 48 the the DT 34823 4823 49 value value NN 34823 4823 50 of of IN 34823 4823 51 money money NN 34823 4823 52 . . . 34823 4824 1 The the DT 34823 4824 2 functions function NNS 34823 4824 3 of of IN 34823 4824 4 money money NN 34823 4824 5 have have VBP 34823 4824 6 been be VBN 34823 4824 7 variously variously RB 34823 4824 8 described describe VBN 34823 4824 9 and and CC 34823 4824 10 named name VBN 34823 4824 11 . . . 34823 4825 1 The the DT 34823 4825 2 following following JJ 34823 4825 3 list list NN 34823 4825 4 seems seem VBZ 34823 4825 5 most most RBS 34823 4825 6 satisfactory satisfactory JJ 34823 4825 7 to to IN 34823 4825 8 me -PRON- PRP 34823 4825 9 : : : 34823 4825 10 1 1 CD 34823 4825 11 . . . 34823 4826 1 Common common JJ 34823 4826 2 measure measure NN 34823 4826 3 of of IN 34823 4826 4 values value NNS 34823 4826 5 ( ( -LRB- 34823 4826 6 standard standard NN 34823 4826 7 of of IN 34823 4826 8 value value NN 34823 4826 9 ) ) -RRB- 34823 4826 10 . . . 34823 4827 1 2 2 LS 34823 4827 2 . . . 34823 4828 1 Medium Medium NNP 34823 4828 2 of of IN 34823 4828 3 exchange exchange NN 34823 4828 4 . . . 34823 4829 1 3 3 LS 34823 4829 2 . . . 34823 4830 1 Legal legal JJ 34823 4830 2 tender tender NN 34823 4830 3 for for IN 34823 4830 4 debts debt NNS 34823 4830 5 ( ( -LRB- 34823 4830 6 _ _ NNP 34823 4830 7 Zahlungs- Zahlungs- NNP 34823 4830 8 _ _ NNP 34823 4830 9 or or CC 34823 4830 10 _ _ NNP 34823 4830 11 Solutions Solutions NNP 34823 4830 12 - - HYPH 34823 4830 13 mittel mittel NNP 34823 4830 14 _ _ NNP 34823 4830 15 ) ) -RRB- 34823 4830 16 . . . 34823 4831 1 4 4 LS 34823 4831 2 . . . 34823 4832 1 Standard standard NN 34823 4832 2 of of IN 34823 4832 3 deferred defer VBN 34823 4832 4 payments payment NNS 34823 4832 5 . . . 34823 4833 1 5 5 CD 34823 4833 2 . . . 34823 4834 1 Reserve reserve VB 34823 4834 2 for for IN 34823 4834 3 credit credit NN 34823 4834 4 instruments instrument NNS 34823 4834 5 , , , 34823 4834 6 including include VBG 34823 4834 7 reserve reserve NN 34823 4834 8 for for IN 34823 4834 9 government government NN 34823 4834 10 paper paper NN 34823 4834 11 money money NN 34823 4834 12 . . . 34823 4835 1 6 6 CD 34823 4835 2 . . . 34823 4836 1 Store store NN 34823 4836 2 of of IN 34823 4836 3 value value NN 34823 4836 4 . . . 34823 4837 1 7 7 LS 34823 4837 2 . . . 34823 4838 1 Bearer bearer NN 34823 4838 2 of of IN 34823 4838 3 options option NNS 34823 4838 4 . . . 34823 4839 1 The the DT 34823 4839 2 common common JJ 34823 4839 3 measure measure NN 34823 4839 4 of of IN 34823 4839 5 value value NN 34823 4839 6 function function NN 34823 4839 7 rests rest NNS 34823 4839 8 in in IN 34823 4839 9 the the DT 34823 4839 10 intellectual intellectual JJ 34823 4839 11 needs need NNS 34823 4839 12 of of IN 34823 4839 13 man man NN 34823 4839 14 . . . 34823 4840 1 It -PRON- PRP 34823 4840 2 grows grow VBZ 34823 4840 3 out out IN 34823 4840 4 of of IN 34823 4840 5 the the DT 34823 4840 6 necessity necessity NN 34823 4840 7 for for IN 34823 4840 8 calculation calculation NN 34823 4840 9 , , , 34823 4840 10 for for IN 34823 4840 11 bookkeeping bookkeeping NN 34823 4840 12 , , , 34823 4840 13 for for IN 34823 4840 14 understanding understand VBG 34823 4840 15 what what WP 34823 4840 16 is be VBZ 34823 4840 17 going go VBG 34823 4840 18 on on RP 34823 4840 19 . . . 34823 4841 1 Any any DT 34823 4841 2 object object NN 34823 4841 3 of of IN 34823 4841 4 value value NN 34823 4841 5 may may MD 34823 4841 6 be be VB 34823 4841 7 used use VBN 34823 4841 8 to to TO 34823 4841 9 measure measure VB 34823 4841 10 the the DT 34823 4841 11 value value NN 34823 4841 12 of of IN 34823 4841 13 anything anything NN 34823 4841 14 else else RB 34823 4841 15 , , , 34823 4841 16 just just RB 34823 4841 17 as as IN 34823 4841 18 any any DT 34823 4841 19 object object NN 34823 4841 20 of of IN 34823 4841 21 weight weight NN 34823 4841 22 -- -- : 34823 4841 23 say say VBP 34823 4841 24 an an DT 34823 4841 25 irregular irregular JJ 34823 4841 26 mass mass NN 34823 4841 27 of of IN 34823 4841 28 iron iron NN 34823 4841 29 -- -- : 34823 4841 30 may may MD 34823 4841 31 be be VB 34823 4841 32 put put VBN 34823 4841 33 in in IN 34823 4841 34 the the DT 34823 4841 35 balance balance NN 34823 4841 36 against against IN 34823 4841 37 some some DT 34823 4841 38 other other JJ 34823 4841 39 object object NN 34823 4841 40 , , , 34823 4841 41 and and CC 34823 4841 42 the the DT 34823 4841 43 relation relation NN 34823 4841 44 between between IN 34823 4841 45 the the DT 34823 4841 46 absolute absolute JJ 34823 4841 47 weights weight NNS 34823 4841 48 of of IN 34823 4841 49 the the DT 34823 4841 50 two two CD 34823 4841 51 objects object NNS 34823 4841 52 thus thus RB 34823 4841 53 more more RBR 34823 4841 54 or or CC 34823 4841 55 less less RBR 34823 4841 56 definitely definitely RB 34823 4841 57 ascertained ascertained JJ 34823 4841 58 . . . 34823 4842 1 [ [ -LRB- 34823 4842 2 473 473 CD 34823 4842 3 ] ] -RRB- 34823 4842 4 But but CC 34823 4842 5 it -PRON- PRP 34823 4842 6 helps help VBZ 34823 4842 7 little little JJ 34823 4842 8 , , , 34823 4842 9 in in IN 34823 4842 10 getting get VBG 34823 4842 11 at at IN 34823 4842 12 the the DT 34823 4842 13 aggregate aggregate JJ 34823 4842 14 weight weight NN 34823 4842 15 of of IN 34823 4842 16 a a DT 34823 4842 17 collection collection NN 34823 4842 18 of of IN 34823 4842 19 objects object NNS 34823 4842 20 , , , 34823 4842 21 to to TO 34823 4842 22 know know VB 34823 4842 23 that that IN 34823 4842 24 A a NN 34823 4842 25 among among IN 34823 4842 26 them -PRON- PRP 34823 4842 27 is be VBZ 34823 4842 28 heavier heavy JJR 34823 4842 29 than than IN 34823 4842 30 B b NN 34823 4842 31 , , , 34823 4842 32 while while IN 34823 4842 33 D d NN 34823 4842 34 is be VBZ 34823 4842 35 lighter light JJR 34823 4842 36 than than IN 34823 4842 37 F. F. NNP 34823 4842 38 To to TO 34823 4842 39 get get VB 34823 4842 40 a a DT 34823 4842 41 knowledge knowledge NN 34823 4842 42 of of IN 34823 4842 43 the the DT 34823 4842 44 situation situation NN 34823 4842 45 adequate adequate JJ 34823 4842 46 for for IN 34823 4842 47 quantitative quantitative JJ 34823 4842 48 manipulation manipulation NN 34823 4842 49 , , , 34823 4842 50 it -PRON- PRP 34823 4842 51 is be VBZ 34823 4842 52 best good JJS 34823 4842 53 to to TO 34823 4842 54 compare compare VB 34823 4842 55 all all DT 34823 4842 56 of of IN 34823 4842 57 the the DT 34823 4842 58 objects object NNS 34823 4842 59 with with IN 34823 4842 60 some some DT 34823 4842 61 _ _ NNP 34823 4842 62 one one CD 34823 4842 63 _ _ NNP 34823 4842 64 object object NN 34823 4842 65 , , , 34823 4842 66 chosen choose VBN 34823 4842 67 as as IN 34823 4842 68 the the DT 34823 4842 69 standard standard NN 34823 4842 70 of of IN 34823 4842 71 weight weight NN 34823 4842 72 , , , 34823 4842 73 or or CC 34823 4842 74 common common JJ 34823 4842 75 measure measure NN 34823 4842 76 of of IN 34823 4842 77 weights weight NNS 34823 4842 78 . . . 34823 4843 1 Thought thought NN 34823 4843 2 is be VBZ 34823 4843 3 thus thus RB 34823 4843 4 immensely immensely RB 34823 4843 5 simplified simplify VBN 34823 4843 6 . . . 34823 4844 1 If if IN 34823 4844 2 we -PRON- PRP 34823 4844 3 may may MD 34823 4844 4 imagine imagine VB 34823 4844 5 the the DT 34823 4844 6 calculations calculation NNS 34823 4844 7 of of IN 34823 4844 8 a a DT 34823 4844 9 dealer dealer NN 34823 4844 10 in in IN 34823 4844 11 a a DT 34823 4844 12 rural rural JJ 34823 4844 13 region region NN 34823 4844 14 , , , 34823 4844 15 where where WRB 34823 4844 16 no no DT 34823 4844 17 common common JJ 34823 4844 18 measure measure NN 34823 4844 19 of of IN 34823 4844 20 values value NNS 34823 4844 21 is be VBZ 34823 4844 22 used use VBN 34823 4844 23 , , , 34823 4844 24 it -PRON- PRP 34823 4844 25 will will MD 34823 4844 26 help help VB 34823 4844 27 to to TO 34823 4844 28 make make VB 34823 4844 29 clear clear JJ 34823 4844 30 the the DT 34823 4844 31 nature nature NN 34823 4844 32 of of IN 34823 4844 33 this this DT 34823 4844 34 function function NN 34823 4844 35 . . . 34823 4845 1 Let let VB 34823 4845 2 us -PRON- PRP 34823 4845 3 suppose suppose VB 34823 4845 4 that that IN 34823 4845 5 he -PRON- PRP 34823 4845 6 deals deal VBZ 34823 4845 7 in in IN 34823 4845 8 nails nail NNS 34823 4845 9 , , , 34823 4845 10 wire wire NN 34823 4845 11 , , , 34823 4845 12 cotton cotton NN 34823 4845 13 cloth cloth NN 34823 4845 14 , , , 34823 4845 15 eggs egg NNS 34823 4845 16 , , , 34823 4845 17 butter butter NN 34823 4845 18 , , , 34823 4845 19 hams ham NNS 34823 4845 20 , , , 34823 4845 21 sugar sugar NN 34823 4845 22 , , , 34823 4845 23 and and CC 34823 4845 24 moonshine moonshine NN 34823 4845 25 whiskey whiskey NN 34823 4845 26 , , , 34823 4845 27 and and CC 34823 4845 28 that that IN 34823 4845 29 his -PRON- PRP$ 34823 4845 30 customers customer NNS 34823 4845 31 also also RB 34823 4845 32 make make VBP 34823 4845 33 and and CC 34823 4845 34 use use VB 34823 4845 35 most most JJS 34823 4845 36 of of IN 34823 4845 37 these these DT 34823 4845 38 things thing NNS 34823 4845 39 , , , 34823 4845 40 using use VBG 34823 4845 41 him -PRON- PRP 34823 4845 42 as as IN 34823 4845 43 a a DT 34823 4845 44 central central JJ 34823 4845 45 clearing clearing NN 34823 4845 46 house house NN 34823 4845 47 in in IN 34823 4845 48 their -PRON- PRP$ 34823 4845 49 rude rude JJ 34823 4845 50 division division NN 34823 4845 51 of of IN 34823 4845 52 labor labor NN 34823 4845 53 . . . 34823 4846 1 Without without IN 34823 4846 2 a a DT 34823 4846 3 common common JJ 34823 4846 4 measure measure NN 34823 4846 5 of of IN 34823 4846 6 values value NNS 34823 4846 7 , , , 34823 4846 8 it -PRON- PRP 34823 4846 9 is be VBZ 34823 4846 10 necessary necessary JJ 34823 4846 11 for for IN 34823 4846 12 him -PRON- PRP 34823 4846 13 to to TO 34823 4846 14 keep keep VB 34823 4846 15 in in IN 34823 4846 16 mind mind NN 34823 4846 17 the the DT 34823 4846 18 price price NN 34823 4846 19 of of IN 34823 4846 20 every every DT 34823 4846 21 commodity commodity NN 34823 4846 22 in in IN 34823 4846 23 terms term NNS 34823 4846 24 of of IN 34823 4846 25 every every DT 34823 4846 26 other other JJ 34823 4846 27 commodity commodity NN 34823 4846 28 . . . 34823 4847 1 If if IN 34823 4847 2 there there EX 34823 4847 3 are be VBP 34823 4847 4 twelve twelve CD 34823 4847 5 commodities commodity NNS 34823 4847 6 , , , 34823 4847 7 this this DT 34823 4847 8 means mean VBZ 34823 4847 9 66 66 CD 34823 4847 10 ratios ratio NNS 34823 4847 11 which which WDT 34823 4847 12 he -PRON- PRP 34823 4847 13 must must MD 34823 4847 14 remember remember VB 34823 4847 15 , , , 34823 4847 16 according accord VBG 34823 4847 17 to to IN 34823 4847 18 the the DT 34823 4847 19 formula formula NN 34823 4847 20 for for IN 34823 4847 21 permutations permutation NNS 34823 4847 22 and and CC 34823 4847 23 combinations combination NNS 34823 4847 24 . . . 34823 4848 1 In in IN 34823 4848 2 general general JJ 34823 4848 3 , , , 34823 4848 4 in in IN 34823 4848 5 such such PDT 34823 4848 6 a a DT 34823 4848 7 situation situation NN 34823 4848 8 , , , 34823 4848 9 there there EX 34823 4848 10 would would MD 34823 4848 11 be be VB 34823 4848 12 the the DT 34823 4848 13 following follow VBG 34823 4848 14 ratios ratio NNS 34823 4848 15 : : : 34823 4848 16 ( ( -LRB- 34823 4848 17 n n NN 34823 4848 18 - - SYM 34823 4848 19 1 1 CD 34823 4848 20 ) ) -RRB- 34823 4848 21 + + CC 34823 4848 22 ( ( -LRB- 34823 4848 23 n n CD 34823 4848 24 - - HYPH 34823 4848 25 2 2 CD 34823 4848 26 ) ) -RRB- 34823 4848 27 + + CC 34823 4848 28 ( ( -LRB- 34823 4848 29 n n NNP 34823 4848 30 - - SYM 34823 4848 31 3 3 CD 34823 4848 32 ) ) -RRB- 34823 4848 33 + + NFP 34823 4848 34 ... ... NFP 34823 4848 35 ( ( -LRB- 34823 4848 36 n n NN 34823 4848 37 - - HYPH 34823 4848 38 ( ( -LRB- 34823 4848 39 n n NNP 34823 4848 40 - - HYPH 34823 4848 41 1 1 CD 34823 4848 42 ) ) -RRB- 34823 4848 43 ) ) -RRB- 34823 4848 44 . . . 34823 4849 1 Let let VB 34823 4849 2 him -PRON- PRP 34823 4849 3 choose choose VB 34823 4849 4 , , , 34823 4849 5 however however RB 34823 4849 6 , , , 34823 4849 7 one one CD 34823 4849 8 of of IN 34823 4849 9 his -PRON- PRP$ 34823 4849 10 commodities commodity NNS 34823 4849 11 , , , 34823 4849 12 say say VBP 34823 4849 13 eggs egg NNS 34823 4849 14 , , , 34823 4849 15 as as IN 34823 4849 16 the the DT 34823 4849 17 common common JJ 34823 4849 18 measure measure NN 34823 4849 19 of of IN 34823 4849 20 values value NNS 34823 4849 21 , , , 34823 4849 22 and and CC 34823 4849 23 he -PRON- PRP 34823 4849 24 needs need VBZ 34823 4849 25 to to TO 34823 4849 26 bear bear VB 34823 4849 27 in in IN 34823 4849 28 mind mind NN 34823 4849 29 only only RB 34823 4849 30 eleven eleven CD 34823 4849 31 prices price NNS 34823 4849 32 , , , 34823 4849 33 namely namely RB 34823 4849 34 , , , 34823 4849 35 the the DT 34823 4849 36 prices price NNS 34823 4849 37 of of IN 34823 4849 38 each each DT 34823 4849 39 of of IN 34823 4849 40 the the DT 34823 4849 41 other other JJ 34823 4849 42 eleven eleven CD 34823 4849 43 articles article NNS 34823 4849 44 in in IN 34823 4849 45 eggs egg NNS 34823 4849 46 . . . 34823 4850 1 Thinking thinking NN 34823 4850 2 is be VBZ 34823 4850 3 immensely immensely RB 34823 4850 4 simplified simplify VBN 34823 4850 5 . . . 34823 4851 1 In in IN 34823 4851 2 general general JJ 34823 4851 3 , , , 34823 4851 4 with with IN 34823 4851 5 a a DT 34823 4851 6 common common JJ 34823 4851 7 measure measure NN 34823 4851 8 of of IN 34823 4851 9 values value NNS 34823 4851 10 , , , 34823 4851 11 dealers dealer NNS 34823 4851 12 need need VBP 34823 4851 13 bear bear NN 34823 4851 14 in in IN 34823 4851 15 mind mind NN 34823 4851 16 only only RB 34823 4851 17 ( ( -LRB- 34823 4851 18 n n CC 34823 4851 19 - - HYPH 34823 4851 20 1 1 CD 34823 4851 21 ) ) -RRB- 34823 4851 22 prices price NNS 34823 4851 23 . . . 34823 4852 1 Suppose suppose VB 34823 4852 2 that that IN 34823 4852 3 at at IN 34823 4852 4 the the DT 34823 4852 5 end end NN 34823 4852 6 of of IN 34823 4852 7 the the DT 34823 4852 8 day day NN 34823 4852 9 , , , 34823 4852 10 after after IN 34823 4852 11 considerable considerable JJ 34823 4852 12 trading trading NN 34823 4852 13 , , , 34823 4852 14 our -PRON- PRP$ 34823 4852 15 dealer dealer NN 34823 4852 16 finds find VBZ 34823 4852 17 the the DT 34823 4852 18 following follow VBG 34823 4852 19 changes change NNS 34823 4852 20 in in IN 34823 4852 21 his -PRON- PRP$ 34823 4852 22 stock stock NN 34823 4852 23 : : : 34823 4852 24 _ _ NNP 34823 4852 25 He -PRON- PRP 34823 4852 26 has have VBZ 34823 4852 27 gained gain VBN 34823 4852 28 _ _ NNP 34823 4852 29 _ _ NNP 34823 4852 30 He -PRON- PRP 34823 4852 31 has have VBZ 34823 4852 32 lost lose VBN 34823 4852 33 _ _ NNP 34823 4852 34 8 8 CD 34823 4852 35 doz doz NN 34823 4852 36 . . . 34823 4853 1 eggs egg NNS 34823 4853 2 12 12 CD 34823 4853 3 lbs lb NNS 34823 4853 4 . . . 34823 4854 1 nails nail NNS 34823 4854 2 3 3 CD 34823 4854 3 gallons gallon NNS 34823 4854 4 whiskey whiskey NN 34823 4854 5 8 8 CD 34823 4854 6 lbs lbs NN 34823 4854 7 . . . 34823 4855 1 wire wire NN 34823 4855 2 4 4 CD 34823 4855 3 hams ham NNS 34823 4855 4 13 13 CD 34823 4855 5 lbs lbs NN 34823 4855 6 . . . 34823 4856 1 butter butter NN 34823 4856 2 5 5 CD 34823 4856 3 yards yard NNS 34823 4856 4 cloth cloth NN 34823 4856 5 10 10 CD 34823 4856 6 lbs lbs NN 34823 4856 7 . . . 34823 4857 1 sugar sugar NNP 34823 4857 2 Has have VBZ 34823 4857 3 his -PRON- PRP$ 34823 4857 4 trading trading NN 34823 4857 5 been be VBN 34823 4857 6 profitable profitable JJ 34823 4857 7 ? ? . 34823 4858 1 How how WRB 34823 4858 2 can can MD 34823 4858 3 he -PRON- PRP 34823 4858 4 tell tell VB 34823 4858 5 ? ? . 34823 4859 1 Reduce reduce VB 34823 4859 2 all all PDT 34823 4859 3 the the DT 34823 4859 4 items item NNS 34823 4859 5 in in IN 34823 4859 6 both both DT 34823 4859 7 columns column NNS 34823 4859 8 to to IN 34823 4859 9 their -PRON- PRP$ 34823 4859 10 equivalents equivalent NNS 34823 4859 11 in in IN 34823 4859 12 eggs egg NNS 34823 4859 13 , , , 34823 4859 14 however however RB 34823 4859 15 , , , 34823 4859 16 and and CC 34823 4859 17 the the DT 34823 4859 18 answer answer NN 34823 4859 19 is be VBZ 34823 4859 20 very very RB 34823 4859 21 easy easy JJ 34823 4859 22 . . . 34823 4860 1 No no DT 34823 4860 2 complicated complicated JJ 34823 4860 3 business business NN 34823 4860 4 is be VBZ 34823 4860 5 possible possible JJ 34823 4860 6 without without IN 34823 4860 7 this this DT 34823 4860 8 common common JJ 34823 4860 9 measure measure NN 34823 4860 10 , , , 34823 4860 11 and and CC 34823 4860 12 common common JJ 34823 4860 13 language language NN 34823 4860 14 , , , 34823 4860 15 of of IN 34823 4860 16 values value NNS 34823 4860 17 . . . 34823 4861 1 Be be VB 34823 4861 2 it -PRON- PRP 34823 4861 3 noted note VBN 34823 4861 4 that that IN 34823 4861 5 this this DT 34823 4861 6 common common JJ 34823 4861 7 measure measure NN 34823 4861 8 of of IN 34823 4861 9 values value NNS 34823 4861 10 does do VBZ 34823 4861 11 not not RB 34823 4861 12 necessarily necessarily RB 34823 4861 13 involve involve VB 34823 4861 14 the the DT 34823 4861 15 use use NN 34823 4861 16 of of IN 34823 4861 17 a a DT 34823 4861 18 medium medium NN 34823 4861 19 of of IN 34823 4861 20 exchange exchange NN 34823 4861 21 . . . 34823 4862 1 The the DT 34823 4862 2 practice practice NN 34823 4862 3 of of IN 34823 4862 4 _ _ NNP 34823 4862 5 thinking think VBG 34823 4862 6 _ _ NNP 34823 4862 7 in in IN 34823 4862 8 a a DT 34823 4862 9 common common JJ 34823 4862 10 measure measure NN 34823 4862 11 is be VBZ 34823 4862 12 what what WP 34823 4862 13 is be VBZ 34823 4862 14 involved involve VBN 34823 4862 15 . . . 34823 4863 1 If if IN 34823 4863 2 the the DT 34823 4863 3 article article NN 34823 4863 4 chosen choose VBN 34823 4863 5 be be VB 34823 4863 6 eggs egg NNS 34823 4863 7 , , , 34823 4863 8 which which WDT 34823 4863 9 all all DT 34823 4863 10 are be VBP 34823 4863 11 accustomed accustomed JJ 34823 4863 12 to to TO 34823 4863 13 use use VB 34823 4863 14 , , , 34823 4863 15 the the DT 34823 4863 16 service service NN 34823 4863 17 of of IN 34823 4863 18 a a DT 34823 4863 19 common common JJ 34823 4863 20 measure measure NN 34823 4863 21 might may MD 34823 4863 22 easily easily RB 34823 4863 23 be be VB 34823 4863 24 performed perform VBN 34823 4863 25 without without IN 34823 4863 26 the the DT 34823 4863 27 practice practice NN 34823 4863 28 of of IN 34823 4863 29 indirect indirect JJ 34823 4863 30 exchange exchange NN 34823 4863 31 , , , 34823 4863 32 assuming assume VBG 34823 4863 33 that that IN 34823 4863 34 other other JJ 34823 4863 35 physical physical JJ 34823 4863 36 difficulties difficulty NNS 34823 4863 37 of of IN 34823 4863 38 barter barter NN 34823 4863 39 to to TO 34823 4863 40 which which WDT 34823 4863 41 I -PRON- PRP 34823 4863 42 shall shall MD 34823 4863 43 shortly shortly RB 34823 4863 44 refer refer VB 34823 4863 45 , , , 34823 4863 46 were be VBD 34823 4863 47 absent absent JJ 34823 4863 48 . . . 34823 4864 1 Indeed indeed RB 34823 4864 2 , , , 34823 4864 3 as as IN 34823 4864 4 I -PRON- PRP 34823 4864 5 have have VBP 34823 4864 6 pointed point VBN 34823 4864 7 out out RP 34823 4864 8 in in IN 34823 4864 9 the the DT 34823 4864 10 chapter chapter NN 34823 4864 11 on on IN 34823 4864 12 " " `` 34823 4864 13 Barter Barter NNP 34823 4864 14 " " '' 34823 4864 15 in in IN 34823 4864 16 Part Part NNP 34823 4864 17 II II NNP 34823 4864 18 , , , 34823 4864 19 a a DT 34823 4864 20 great great JJ 34823 4864 21 deal deal NN 34823 4864 22 of of IN 34823 4864 23 barter barter NN 34823 4864 24 goes go VBZ 34823 4864 25 on on RB 34823 4864 26 in in IN 34823 4864 27 modern modern JJ 34823 4864 28 life life NN 34823 4864 29 , , , 34823 4864 30 made make VBN 34823 4864 31 very very RB 34823 4864 32 much much RB 34823 4864 33 easier easy JJR 34823 4864 34 by by IN 34823 4864 35 the the DT 34823 4864 36 fact fact NN 34823 4864 37 that that IN 34823 4864 38 we -PRON- PRP 34823 4864 39 have have VBP 34823 4864 40 a a DT 34823 4864 41 common common JJ 34823 4864 42 language language NN 34823 4864 43 of of IN 34823 4864 44 values value NNS 34823 4864 45 , , , 34823 4864 46 a a DT 34823 4864 47 common common JJ 34823 4864 48 measure measure NN 34823 4864 49 of of IN 34823 4864 50 values value NNS 34823 4864 51 . . . 34823 4865 1 For for IN 34823 4865 2 the the DT 34823 4865 3 easy easy JJ 34823 4865 4 working working NN 34823 4865 5 of of IN 34823 4865 6 the the DT 34823 4865 7 system system NN 34823 4865 8 , , , 34823 4865 9 it -PRON- PRP 34823 4865 10 is be VBZ 34823 4865 11 important important JJ 34823 4865 12 that that IN 34823 4865 13 the the DT 34823 4865 14 common common JJ 34823 4865 15 measure measure NN 34823 4865 16 of of IN 34823 4865 17 value value NN 34823 4865 18 be be VB 34823 4865 19 an an DT 34823 4865 20 article article NN 34823 4865 21 with with IN 34823 4865 22 whose whose WP$ 34823 4865 23 value value NN 34823 4865 24 the the DT 34823 4865 25 group group NN 34823 4865 26 is be VBZ 34823 4865 27 well well RB 34823 4865 28 acquainted acquaint VBN 34823 4865 29 . . . 34823 4866 1 The the DT 34823 4866 2 frequent frequent JJ 34823 4866 3 testing testing NN 34823 4866 4 of of IN 34823 4866 5 this this DT 34823 4866 6 value value NN 34823 4866 7 in in IN 34823 4866 8 actual actual JJ 34823 4866 9 exchanges exchange NNS 34823 4866 10 vastly vastly RB 34823 4866 11 facilitates facilitate VBZ 34823 4866 12 this this DT 34823 4866 13 . . . 34823 4867 1 But but CC 34823 4867 2 actual actual JJ 34823 4867 3 exchange exchange NN 34823 4867 4 is be VBZ 34823 4867 5 not not RB 34823 4867 6 necessary necessary JJ 34823 4867 7 for for IN 34823 4867 8 the the DT 34823 4867 9 performance performance NN 34823 4867 10 of of IN 34823 4867 11 the the DT 34823 4867 12 measure measure NN 34823 4867 13 of of IN 34823 4867 14 value value NN 34823 4867 15 function function NN 34823 4867 16 . . . 34823 4868 1 We -PRON- PRP 34823 4868 2 have have VBP 34823 4868 3 cases case NNS 34823 4868 4 where where WRB 34823 4868 5 the the DT 34823 4868 6 measure measure NN 34823 4868 7 of of IN 34823 4868 8 values value NNS 34823 4868 9 and and CC 34823 4868 10 the the DT 34823 4868 11 medium medium NN 34823 4868 12 of of IN 34823 4868 13 exchange exchange NN 34823 4868 14 are be VBP 34823 4868 15 different different JJ 34823 4868 16 . . . 34823 4869 1 Thus thus RB 34823 4869 2 , , , 34823 4869 3 in in IN 34823 4869 4 the the DT 34823 4869 5 Homeric Homeric NNP 34823 4869 6 poems poem NNS 34823 4869 7 , , , 34823 4869 8 we -PRON- PRP 34823 4869 9 find find VBP 34823 4869 10 indications indication NNS 34823 4869 11 that that IN 34823 4869 12 cattle cattle NNS 34823 4869 13 served serve VBD 34823 4869 14 as as IN 34823 4869 15 a a DT 34823 4869 16 measure measure NN 34823 4869 17 of of IN 34823 4869 18 values value NNS 34823 4869 19 , , , 34823 4869 20 even even RB 34823 4869 21 though though IN 34823 4869 22 payments payment NNS 34823 4869 23 were be VBD 34823 4869 24 made make VBN 34823 4869 25 in in IN 34823 4869 26 gold gold NN 34823 4869 27 . . . 34823 4870 1 The the DT 34823 4870 2 Virginians Virginians NNPS 34823 4870 3 commonly commonly RB 34823 4870 4 _ _ NNP 34823 4870 5 thought think VBD 34823 4870 6 _ _ NNP 34823 4870 7 in in IN 34823 4870 8 pounds pound NNS 34823 4870 9 , , , 34823 4870 10 shillings shilling NNS 34823 4870 11 and and CC 34823 4870 12 pence penny NNS 34823 4870 13 , , , 34823 4870 14 even even RB 34823 4870 15 when when WRB 34823 4870 16 using use VBG 34823 4870 17 tobacco tobacco NN 34823 4870 18 as as IN 34823 4870 19 a a DT 34823 4870 20 medium medium NN 34823 4870 21 of of IN 34823 4870 22 exchange exchange NN 34823 4870 23 . . . 34823 4871 1 The the DT 34823 4871 2 need need NN 34823 4871 3 for for IN 34823 4871 4 a a DT 34823 4871 5 common common JJ 34823 4871 6 measure measure NN 34823 4871 7 of of IN 34823 4871 8 values value NNS 34823 4871 9 would would MD 34823 4871 10 manifest manifest VB 34823 4871 11 itself -PRON- PRP 34823 4871 12 in in IN 34823 4871 13 any any DT 34823 4871 14 complex complex JJ 34823 4871 15 socialistic socialistic JJ 34823 4871 16 society society NN 34823 4871 17 , , , 34823 4871 18 even even RB 34823 4871 19 though though IN 34823 4871 20 exchange exchange NN 34823 4871 21 were be VBD 34823 4871 22 largely largely RB 34823 4871 23 dispensed dispense VBN 34823 4871 24 with with IN 34823 4871 25 . . . 34823 4872 1 No no DT 34823 4872 2 systematic systematic JJ 34823 4872 3 plans plan NNS 34823 4872 4 for for IN 34823 4872 5 utilizing utilize VBG 34823 4872 6 the the DT 34823 4872 7 resources resource NNS 34823 4872 8 of of IN 34823 4872 9 such such PDT 34823 4872 10 a a DT 34823 4872 11 society society NN 34823 4872 12 would would MD 34823 4872 13 be be VB 34823 4872 14 possible possible JJ 34823 4872 15 , , , 34823 4872 16 no no DT 34823 4872 17 bookkeeping bookkeeping NN 34823 4872 18 would would MD 34823 4872 19 be be VB 34823 4872 20 possible possible JJ 34823 4872 21 , , , 34823 4872 22 without without IN 34823 4872 23 some some DT 34823 4872 24 such such JJ 34823 4872 25 device device NN 34823 4872 26 . . . 34823 4873 1 For for IN 34823 4873 2 this this DT 34823 4873 3 function function NN 34823 4873 4 , , , 34823 4873 5 I -PRON- PRP 34823 4873 6 prefer prefer VBP 34823 4873 7 the the DT 34823 4873 8 term term NN 34823 4873 9 , , , 34823 4873 10 " " `` 34823 4873 11 common common JJ 34823 4873 12 measure measure NN 34823 4873 13 of of IN 34823 4873 14 values value NNS 34823 4873 15 , , , 34823 4873 16 " " '' 34823 4873 17 to to IN 34823 4873 18 the the DT 34823 4873 19 term term NN 34823 4873 20 often often RB 34823 4873 21 used use VBN 34823 4873 22 instead instead RB 34823 4873 23 , , , 34823 4873 24 " " `` 34823 4873 25 standard standard NN 34823 4873 26 of of IN 34823 4873 27 values value NNS 34823 4873 28 . . . 34823 4873 29 " " '' 34823 4874 1 The the DT 34823 4874 2 latter latter JJ 34823 4874 3 term term NN 34823 4874 4 , , , 34823 4874 5 as as IN 34823 4874 6 used use VBN 34823 4874 7 in in IN 34823 4874 8 connection connection NN 34823 4874 9 with with IN 34823 4874 10 the the DT 34823 4874 11 expression expression NN 34823 4874 12 " " `` 34823 4874 13 standard standard JJ 34823 4874 14 money money NN 34823 4874 15 , , , 34823 4874 16 " " '' 34823 4874 17 sometimes sometimes RB 34823 4874 18 carries carry VBZ 34823 4874 19 the the DT 34823 4874 20 connotation connotation NN 34823 4874 21 of of IN 34823 4874 22 " " `` 34823 4874 23 money money NN 34823 4874 24 of of IN 34823 4874 25 ultimate ultimate JJ 34823 4874 26 redemption redemption NN 34823 4874 27 , , , 34823 4874 28 " " '' 34823 4874 29 and and CC 34823 4874 30 its -PRON- PRP$ 34823 4874 31 main main JJ 34823 4874 32 function function NN 34823 4874 33 is be VBZ 34823 4874 34 thought think VBN 34823 4874 35 of of IN 34823 4874 36 as as IN 34823 4874 37 serving serve VBG 34823 4874 38 in in IN 34823 4874 39 reserves reserve NNS 34823 4874 40 . . . 34823 4875 1 The the DT 34823 4875 2 reserve reserve NN 34823 4875 3 function function NN 34823 4875 4 is be VBZ 34823 4875 5 a a DT 34823 4875 6 separate separate JJ 34823 4875 7 function function NN 34823 4875 8 , , , 34823 4875 9 however however RB 34823 4875 10 . . . 34823 4876 1 It -PRON- PRP 34823 4876 2 is be VBZ 34823 4876 3 common common JJ 34823 4876 4 to to TO 34823 4876 5 have have VB 34823 4876 6 money money NN 34823 4876 7 made make VBN 34823 4876 8 of of IN 34823 4876 9 the the DT 34823 4876 10 standard standard JJ 34823 4876 11 metal metal NN 34823 4876 12 in in IN 34823 4876 13 reserves reserve NNS 34823 4876 14 . . . 34823 4877 1 But but CC 34823 4877 2 this this DT 34823 4877 3 need nee MD 34823 4877 4 not not RB 34823 4877 5 be be VB 34823 4877 6 the the DT 34823 4877 7 case case NN 34823 4877 8 . . . 34823 4878 1 I -PRON- PRP 34823 4878 2 would would MD 34823 4878 3 refer refer VB 34823 4878 4 once once RB 34823 4878 5 more more JJR 34823 4878 6 to to IN 34823 4878 7 the the DT 34823 4878 8 hypothetical hypothetical JJ 34823 4878 9 illustration illustration NN 34823 4878 10 developed develop VBN 34823 4878 11 in in IN 34823 4878 12 the the DT 34823 4878 13 chapter chapter NN 34823 4878 14 on on IN 34823 4878 15 " " `` 34823 4878 16 Dodo Dodo NNP 34823 4878 17 - - HYPH 34823 4878 18 Bones Bones NNP 34823 4878 19 " " '' 34823 4878 20 : : : 34823 4878 21 gold gold NN 34823 4878 22 , , , 34823 4878 23 not not RB 34823 4878 24 coined coin VBN 34823 4878 25 , , , 34823 4878 26 as as IN 34823 4878 27 the the DT 34823 4878 28 " " `` 34823 4878 29 standard standard NN 34823 4878 30 of of IN 34823 4878 31 value value NN 34823 4878 32 " " '' 34823 4878 33 ; ; : 34823 4878 34 paper paper NN 34823 4878 35 as as IN 34823 4878 36 the the DT 34823 4878 37 medium medium NN 34823 4878 38 of of IN 34823 4878 39 exchange exchange NN 34823 4878 40 ; ; : 34823 4878 41 silver silver NN 34823 4878 42 bullion bullion NN 34823 4878 43 , , , 34823 4878 44 at at IN 34823 4878 45 the the DT 34823 4878 46 market market NN 34823 4878 47 ratio ratio NN 34823 4878 48 with with IN 34823 4878 49 gold gold NN 34823 4878 50 , , , 34823 4878 51 as as IN 34823 4878 52 the the DT 34823 4878 53 reserve reserve NN 34823 4878 54 for for IN 34823 4878 55 redemption redemption NN 34823 4878 56 of of IN 34823 4878 57 the the DT 34823 4878 58 paper paper NN 34823 4878 59 . . . 34823 4879 1 This this DT 34823 4879 2 may may MD 34823 4879 3 suggest suggest VB 34823 4879 4 that that IN 34823 4879 5 a a DT 34823 4879 6 distinction distinction NN 34823 4879 7 may may MD 34823 4879 8 properly properly RB 34823 4879 9 be be VB 34823 4879 10 drawn draw VBN 34823 4879 11 between between IN 34823 4879 12 measure measure NN 34823 4879 13 of of IN 34823 4879 14 values value NNS 34823 4879 15 , , , 34823 4879 16 and and CC 34823 4879 17 ultimate ultimate JJ 34823 4879 18 standard standard JJ 34823 4879 19 money money NN 34823 4879 20 . . . 34823 4880 1 The the DT 34823 4880 2 paper paper NN 34823 4880 3 money money NN 34823 4880 4 , , , 34823 4880 5 in in IN 34823 4880 6 this this DT 34823 4880 7 case case NN 34823 4880 8 , , , 34823 4880 9 would would MD 34823 4880 10 be be VB 34823 4880 11 the the DT 34823 4880 12 thing thing NN 34823 4880 13 of of IN 34823 4880 14 which which WDT 34823 4880 15 the the DT 34823 4880 16 masses masse NNS 34823 4880 17 would would MD 34823 4880 18 ordinarily ordinarily RB 34823 4880 19 _ _ NNP 34823 4880 20 think think VB 34823 4880 21 _ _ NNP 34823 4880 22 , , , 34823 4880 23 so so RB 34823 4880 24 long long RB 34823 4880 25 as as IN 34823 4880 26 the the DT 34823 4880 27 system system NN 34823 4880 28 worked work VBD 34823 4880 29 smoothly smoothly RB 34823 4880 30 . . . 34823 4881 1 And and CC 34823 4881 2 the the DT 34823 4881 3 paper paper NN 34823 4881 4 could could MD 34823 4881 5 serve serve VB 34823 4881 6 as as IN 34823 4881 7 a a DT 34823 4881 8 measure measure NN 34823 4881 9 of of IN 34823 4881 10 values value NNS 34823 4881 11 . . . 34823 4882 1 The the DT 34823 4882 2 case case NN 34823 4882 3 is be VBZ 34823 4882 4 not not RB 34823 4882 5 unlike unlike IN 34823 4882 6 the the DT 34823 4882 7 case case NN 34823 4882 8 where where WRB 34823 4882 9 a a DT 34823 4882 10 " " `` 34823 4882 11 standard standard JJ 34823 4882 12 yard yard NN 34823 4882 13 , , , 34823 4882 14 " " '' 34823 4882 15 or or CC 34823 4882 16 " " `` 34823 4882 17 standard standard JJ 34823 4882 18 pound pound NN 34823 4882 19 " " '' 34823 4882 20 is be VBZ 34823 4882 21 kept keep VBN 34823 4882 22 for for IN 34823 4882 23 ultimate ultimate JJ 34823 4882 24 reference reference NN 34823 4882 25 in in IN 34823 4882 26 a a DT 34823 4882 27 government government NN 34823 4882 28 bureau bureau NN 34823 4882 29 , , , 34823 4882 30 while while IN 34823 4882 31 yardsticks yardstick NNS 34823 4882 32 or or CC 34823 4882 33 pound pound NN 34823 4882 34 weights weight NNS 34823 4882 35 in in IN 34823 4882 36 the the DT 34823 4882 37 shops shop NNS 34823 4882 38 and and CC 34823 4882 39 warehouses warehouse NNS 34823 4882 40 do do VBP 34823 4882 41 the the DT 34823 4882 42 actual actual JJ 34823 4882 43 measuring measuring NN 34823 4882 44 . . . 34823 4883 1 The the DT 34823 4883 2 cases case NNS 34823 4883 3 do do VBP 34823 4883 4 not not RB 34823 4883 5 , , , 34823 4883 6 indeed indeed RB 34823 4883 7 , , , 34823 4883 8 run run VB 34823 4883 9 on on IN 34823 4883 10 all all DT 34823 4883 11 fours four NNS 34823 4883 12 . . . 34823 4884 1 The the DT 34823 4884 2 measurement measurement NN 34823 4884 3 of of IN 34823 4884 4 weights weight NNS 34823 4884 5 and and CC 34823 4884 6 lengths length NNS 34823 4884 7 involves involve VBZ 34823 4884 8 physical physical JJ 34823 4884 9 manipulation manipulation NN 34823 4884 10 ; ; : 34823 4884 11 the the DT 34823 4884 12 measurement measurement NN 34823 4884 13 of of IN 34823 4884 14 values value NNS 34823 4884 15 is be VBZ 34823 4884 16 an an DT 34823 4884 17 intellectual intellectual JJ 34823 4884 18 operation operation NN 34823 4884 19 , , , 34823 4884 20 made make VBN 34823 4884 21 by by IN 34823 4884 22 comparing compare VBG 34823 4884 23 two two CD 34823 4884 24 objects object NNS 34823 4884 25 of of IN 34823 4884 26 value value NN 34823 4884 27 . . . 34823 4885 1 The the DT 34823 4885 2 comparison comparison NN 34823 4885 3 may may MD 34823 4885 4 be be VB 34823 4885 5 made make VBN 34823 4885 6 in in IN 34823 4885 7 actual actual JJ 34823 4885 8 exchanges exchange NNS 34823 4885 9 ; ; : 34823 4885 10 it -PRON- PRP 34823 4885 11 may may MD 34823 4885 12 be be VB 34823 4885 13 made make VBN 34823 4885 14 by by IN 34823 4885 15 an an DT 34823 4885 16 accountant accountant NN 34823 4885 17 's 's POS 34823 4885 18 estimate estimate NN 34823 4885 19 ; ; : 34823 4885 20 it -PRON- PRP 34823 4885 21 may may MD 34823 4885 22 be be VB 34823 4885 23 made make VBN 34823 4885 24 by by IN 34823 4885 25 comparing compare VBG 34823 4885 26 the the DT 34823 4885 27 results result NNS 34823 4885 28 of of IN 34823 4885 29 several several JJ 34823 4885 30 exchanges exchange NNS 34823 4885 31 , , , 34823 4885 32 in in IN 34823 4885 33 sorites sorite NNS 34823 4885 34 form form VBP 34823 4885 35 , , , 34823 4885 36 only only RB 34823 4885 37 one one CD 34823 4885 38 of of IN 34823 4885 39 which which WDT 34823 4885 40 involves involve VBZ 34823 4885 41 the the DT 34823 4885 42 ultimate ultimate JJ 34823 4885 43 standard standard JJ 34823 4885 44 measure measure NN 34823 4885 45 . . . 34823 4886 1 The the DT 34823 4886 2 yardsticks yardstick NNS 34823 4886 3 actually actually RB 34823 4886 4 used use VBN 34823 4886 5 may may MD 34823 4886 6 vary vary VB 34823 4886 7 more more RBR 34823 4886 8 or or CC 34823 4886 9 less less RBR 34823 4886 10 , , , 34823 4886 11 by by IN 34823 4886 12 accident accident NN 34823 4886 13 or or CC 34823 4886 14 design design NN 34823 4886 15 , , , 34823 4886 16 by by IN 34823 4886 17 variations variation NNS 34823 4886 18 of of IN 34823 4886 19 temperature temperature NN 34823 4886 20 , , , 34823 4886 21 etc etc FW 34823 4886 22 . . FW 34823 4886 23 , , , 34823 4886 24 from from IN 34823 4886 25 the the DT 34823 4886 26 standard standard JJ 34823 4886 27 yard yard NN 34823 4886 28 . . . 34823 4887 1 The the DT 34823 4887 2 paper paper NN 34823 4887 3 dollars dollar NNS 34823 4887 4 , , , 34823 4887 5 under under IN 34823 4887 6 a a DT 34823 4887 7 smooth smooth JJ 34823 4887 8 working working NN 34823 4887 9 of of IN 34823 4887 10 the the DT 34823 4887 11 system system NN 34823 4887 12 described describe VBN 34823 4887 13 , , , 34823 4887 14 would would MD 34823 4887 15 be be VB 34823 4887 16 held hold VBN 34823 4887 17 closely closely RB 34823 4887 18 to to IN 34823 4887 19 the the DT 34823 4887 20 ultimate ultimate JJ 34823 4887 21 standard standard NN 34823 4887 22 , , , 34823 4887 23 and and CC 34823 4887 24 would would MD 34823 4887 25 , , , 34823 4887 26 in in IN 34823 4887 27 any any DT 34823 4887 28 case case NN 34823 4887 29 , , , 34823 4887 30 not not RB 34823 4887 31 vary vary VB 34823 4887 32 as as IN 34823 4887 33 compared compare VBN 34823 4887 34 with with IN 34823 4887 35 one one CD 34823 4887 36 another another DT 34823 4887 37 at at IN 34823 4887 38 the the DT 34823 4887 39 same same JJ 34823 4887 40 time time NN 34823 4887 41 and and CC 34823 4887 42 place place NN 34823 4887 43 . . . 34823 4888 1 When when WRB 34823 4888 2 the the DT 34823 4888 3 medium medium NN 34823 4888 4 of of IN 34823 4888 5 exchange exchange NN 34823 4888 6 diverges diverge NNS 34823 4888 7 in in IN 34823 4888 8 value value NN 34823 4888 9 from from IN 34823 4888 10 the the DT 34823 4888 11 ultimate ultimate JJ 34823 4888 12 standard standard NN 34823 4888 13 , , , 34823 4888 14 as as IN 34823 4888 15 in in IN 34823 4888 16 the the DT 34823 4888 17 case case NN 34823 4888 18 of of IN 34823 4888 19 the the DT 34823 4888 20 American american JJ 34823 4888 21 Greenbacks Greenbacks NNPS 34823 4888 22 during during IN 34823 4888 23 the the DT 34823 4888 24 period period NN 34823 4888 25 from from IN 34823 4888 26 1862 1862 CD 34823 4888 27 to to IN 34823 4888 28 1879 1879 CD 34823 4888 29 , , , 34823 4888 30 we -PRON- PRP 34823 4888 31 have have VBP 34823 4888 32 , , , 34823 4888 33 sometimes sometimes RB 34823 4888 34 , , , 34823 4888 35 shifting shift VBG 34823 4888 36 relations relation NNS 34823 4888 37 among among IN 34823 4888 38 the the DT 34823 4888 39 functions function NNS 34823 4888 40 . . . 34823 4889 1 The the DT 34823 4889 2 Greenbacks greenback NNS 34823 4889 3 were be VBD 34823 4889 4 the the DT 34823 4889 5 measure measure NN 34823 4889 6 of of IN 34823 4889 7 value value NN 34823 4889 8 most most RBS 34823 4889 9 commonly commonly RB 34823 4889 10 in in IN 34823 4889 11 use use NN 34823 4889 12 . . . 34823 4890 1 They -PRON- PRP 34823 4890 2 were be VBD 34823 4890 3 legal legal JJ 34823 4890 4 tender tender NN 34823 4890 5 for for IN 34823 4890 6 debts debt NNS 34823 4890 7 , , , 34823 4890 8 except except IN 34823 4890 9 where where WRB 34823 4890 10 gold gold NN 34823 4890 11 was be VBD 34823 4890 12 specified specify VBN 34823 4890 13 in in IN 34823 4890 14 the the DT 34823 4890 15 contract contract NN 34823 4890 16 . . . 34823 4891 1 They -PRON- PRP 34823 4891 2 were be VBD 34823 4891 3 commonly commonly RB 34823 4891 4 the the DT 34823 4891 5 standard standard NN 34823 4891 6 of of IN 34823 4891 7 deferred defer VBN 34823 4891 8 payments payment NNS 34823 4891 9 . . . 34823 4892 1 To to IN 34823 4892 2 a a DT 34823 4892 3 considerable considerable JJ 34823 4892 4 extent extent NN 34823 4892 5 , , , 34823 4892 6 however however RB 34823 4892 7 , , , 34823 4892 8 gold gold NN 34823 4892 9 was be VBD 34823 4892 10 used use VBN 34823 4892 11 in in IN 34823 4892 12 reserves reserve NNS 34823 4892 13 , , , 34823 4892 14 and and CC 34823 4892 15 even even RB 34823 4892 16 as as IN 34823 4892 17 a a DT 34823 4892 18 medium medium NN 34823 4892 19 of of IN 34823 4892 20 exchange exchange NN 34823 4892 21 . . . 34823 4893 1 People People NNS 34823 4893 2 _ _ NNP 34823 4893 3 thought think VBD 34823 4893 4 _ _ NNP 34823 4893 5 in in IN 34823 4893 6 both both DT 34823 4893 7 standards standard NNS 34823 4893 8 . . . 34823 4894 1 And and CC 34823 4894 2 finally finally RB 34823 4894 3 , , , 34823 4894 4 gold gold NN 34823 4894 5 remained remain VBD 34823 4894 6 an an DT 34823 4894 7 ultimate ultimate JJ 34823 4894 8 standard standard NN 34823 4894 9 to to TO 34823 4894 10 which which WDT 34823 4894 11 the the DT 34823 4894 12 Greenbacks greenback NNS 34823 4894 13 were be VBD 34823 4894 14 referred refer VBN 34823 4894 15 , , , 34823 4894 16 and and CC 34823 4894 17 by by IN 34823 4894 18 which which WDT 34823 4894 19 variations variation NNS 34823 4894 20 in in IN 34823 4894 21 their -PRON- PRP$ 34823 4894 22 value value NN 34823 4894 23 were be VBD 34823 4894 24 measured measure VBN 34823 4894 25 . . . 34823 4895 1 The the DT 34823 4895 2 terms term NNS 34823 4895 3 , , , 34823 4895 4 " " `` 34823 4895 5 primary primary JJ 34823 4895 6 standard standard NN 34823 4895 7 " " '' 34823 4895 8 ( ( -LRB- 34823 4895 9 gold gold NN 34823 4895 10 ) ) -RRB- 34823 4895 11 and and CC 34823 4895 12 " " `` 34823 4895 13 secondary secondary JJ 34823 4895 14 standard standard NN 34823 4895 15 " " '' 34823 4895 16 ( ( -LRB- 34823 4895 17 Greenbacks Greenbacks NNP 34823 4895 18 ) ) -RRB- 34823 4895 19 , , , 34823 4895 20 have have VBP 34823 4895 21 been be VBN 34823 4895 22 employed employ VBN 34823 4895 23 to to TO 34823 4895 24 aid aid VB 34823 4895 25 in in IN 34823 4895 26 straightening straighten VBG 34823 4895 27 out out RP 34823 4895 28 this this DT 34823 4895 29 confusion confusion NN 34823 4895 30 . . . 34823 4896 1 [ [ -LRB- 34823 4896 2 474 474 CD 34823 4896 3 ] ] -RRB- 34823 4896 4 I -PRON- PRP 34823 4896 5 think think VBP 34823 4896 6 , , , 34823 4896 7 on on IN 34823 4896 8 the the DT 34823 4896 9 whole whole NN 34823 4896 10 , , , 34823 4896 11 that that IN 34823 4896 12 the the DT 34823 4896 13 term term NN 34823 4896 14 , , , 34823 4896 15 " " `` 34823 4896 16 common common JJ 34823 4896 17 measure measure NN 34823 4896 18 of of IN 34823 4896 19 values value NNS 34823 4896 20 " " '' 34823 4896 21 describes describe VBZ 34823 4896 22 the the DT 34823 4896 23 function function NN 34823 4896 24 which which WDT 34823 4896 25 I -PRON- PRP 34823 4896 26 wish wish VBP 34823 4896 27 to to TO 34823 4896 28 emphasize emphasize VB 34823 4896 29 more more RBR 34823 4896 30 clearly clearly RB 34823 4896 31 than than IN 34823 4896 32 the the DT 34823 4896 33 term term NN 34823 4896 34 , , , 34823 4896 35 standard standard NN 34823 4896 36 of of IN 34823 4896 37 values value NNS 34823 4896 38 , , , 34823 4896 39 and and CC 34823 4896 40 I -PRON- PRP 34823 4896 41 shall shall MD 34823 4896 42 , , , 34823 4896 43 in in IN 34823 4896 44 general general JJ 34823 4896 45 , , , 34823 4896 46 employ employ VB 34823 4896 47 it -PRON- PRP 34823 4896 48 for for IN 34823 4896 49 that that DT 34823 4896 50 purpose purpose NN 34823 4896 51 . . . 34823 4897 1 [ [ -LRB- 34823 4897 2 475 475 CD 34823 4897 3 ] ] -RRB- 34823 4897 4 The the DT 34823 4897 5 medium medium NN 34823 4897 6 of of IN 34823 4897 7 exchange exchange NN 34823 4897 8 function function NN 34823 4897 9 grows grow VBZ 34823 4897 10 out out IN 34823 4897 11 of of IN 34823 4897 12 the the DT 34823 4897 13 physical physical JJ 34823 4897 14 difficulties difficulty NNS 34823 4897 15 of of IN 34823 4897 16 barter barter NN 34823 4897 17 , , , 34823 4897 18 rather rather RB 34823 4897 19 than than IN 34823 4897 20 out out IN 34823 4897 21 of of IN 34823 4897 22 intellectual intellectual JJ 34823 4897 23 needs need NNS 34823 4897 24 . . . 34823 4898 1 The the DT 34823 4898 2 discussion discussion NN 34823 4898 3 in in IN 34823 4898 4 the the DT 34823 4898 5 preceding precede VBG 34823 4898 6 chapter chapter NN 34823 4898 7 of of IN 34823 4898 8 the the DT 34823 4898 9 origin origin NN 34823 4898 10 of of IN 34823 4898 11 money money NN 34823 4898 12 has have VBZ 34823 4898 13 emphasized emphasize VBN 34823 4898 14 the the DT 34823 4898 15 nature nature NN 34823 4898 16 of of IN 34823 4898 17 the the DT 34823 4898 18 difficulties difficulty NNS 34823 4898 19 which which WDT 34823 4898 20 a a DT 34823 4898 21 medium medium NN 34823 4898 22 of of IN 34823 4898 23 exchange exchange NN 34823 4898 24 meets meet VBZ 34823 4898 25 . . . 34823 4899 1 A a DT 34823 4899 2 has have VBZ 34823 4899 3 an an DT 34823 4899 4 ox ox NN 34823 4899 5 , , , 34823 4899 6 which which WDT 34823 4899 7 he -PRON- PRP 34823 4899 8 wishes wish VBZ 34823 4899 9 to to TO 34823 4899 10 trade trade VB 34823 4899 11 for for IN 34823 4899 12 shoes shoe NNS 34823 4899 13 , , , 34823 4899 14 sugar sugar NN 34823 4899 15 , , , 34823 4899 16 and and CC 34823 4899 17 a a DT 34823 4899 18 coat coat NN 34823 4899 19 . . . 34823 4900 1 Neither neither DT 34823 4900 2 shoe shoe NN 34823 4900 3 - - HYPH 34823 4900 4 maker maker NN 34823 4900 5 , , , 34823 4900 6 tailor tailor NN 34823 4900 7 nor nor CC 34823 4900 8 grocer grocer NN 34823 4900 9 cares care VBZ 34823 4900 10 to to TO 34823 4900 11 take take VB 34823 4900 12 the the DT 34823 4900 13 ox ox NN 34823 4900 14 , , , 34823 4900 15 however however RB 34823 4900 16 , , , 34823 4900 17 and and CC 34823 4900 18 , , , 34823 4900 19 besides besides RB 34823 4900 20 , , , 34823 4900 21 no no DT 34823 4900 22 one one NN 34823 4900 23 of of IN 34823 4900 24 them -PRON- PRP 34823 4900 25 could could MD 34823 4900 26 supply supply VB 34823 4900 27 A a DT 34823 4900 28 with with IN 34823 4900 29 all all DT 34823 4900 30 three three CD 34823 4900 31 of of IN 34823 4900 32 the the DT 34823 4900 33 things thing NNS 34823 4900 34 he -PRON- PRP 34823 4900 35 wishes wish VBZ 34823 4900 36 to to TO 34823 4900 37 get get VB 34823 4900 38 . . . 34823 4901 1 Moreover moreover RB 34823 4901 2 , , , 34823 4901 3 even even RB 34823 4901 4 if if IN 34823 4901 5 A a DT 34823 4901 6 should should MD 34823 4901 7 meet meet VB 34823 4901 8 a a DT 34823 4901 9 man man NN 34823 4901 10 who who WP 34823 4901 11 had have VBD 34823 4901 12 all all DT 34823 4901 13 three three CD 34823 4901 14 things thing NNS 34823 4901 15 , , , 34823 4901 16 he -PRON- PRP 34823 4901 17 would would MD 34823 4901 18 not not RB 34823 4901 19 care care VB 34823 4901 20 to to TO 34823 4901 21 give give VB 34823 4901 22 up up RP 34823 4901 23 the the DT 34823 4901 24 ox ox NN 34823 4901 25 for for IN 34823 4901 26 them -PRON- PRP 34823 4901 27 , , , 34823 4901 28 since since IN 34823 4901 29 the the DT 34823 4901 30 ox ox NN 34823 4901 31 is be VBZ 34823 4901 32 worth worth JJ 34823 4901 33 more more JJR 34823 4901 34 than than IN 34823 4901 35 all all DT 34823 4901 36 three three CD 34823 4901 37 . . . 34823 4902 1 If if IN 34823 4902 2 there there EX 34823 4902 3 be be VB 34823 4902 4 a a DT 34823 4902 5 medium medium NN 34823 4902 6 of of IN 34823 4902 7 exchange exchange NN 34823 4902 8 , , , 34823 4902 9 however however RB 34823 4902 10 , , , 34823 4902 11 A a DT 34823 4902 12 may may MD 34823 4902 13 sell sell VB 34823 4902 14 his -PRON- PRP$ 34823 4902 15 ox ox NN 34823 4902 16 to to IN 34823 4902 17 the the DT 34823 4902 18 butcher butcher NN 34823 4902 19 , , , 34823 4902 20 and and CC 34823 4902 21 take take VB 34823 4902 22 his -PRON- PRP$ 34823 4902 23 pay pay NN 34823 4902 24 in in IN 34823 4902 25 that that DT 34823 4902 26 medium medium NN 34823 4902 27 , , , 34823 4902 28 which which WDT 34823 4902 29 will will MD 34823 4902 30 be be VB 34823 4902 31 something something NN 34823 4902 32 easily easily RB 34823 4902 33 and and CC 34823 4902 34 minutely minutely RB 34823 4902 35 divisible divisible JJ 34823 4902 36 , , , 34823 4902 37 buy buy VB 34823 4902 38 coat coat NN 34823 4902 39 and and CC 34823 4902 40 sugar sugar NN 34823 4902 41 and and CC 34823 4902 42 shoes shoe NNS 34823 4902 43 , , , 34823 4902 44 and and CC 34823 4902 45 take take VB 34823 4902 46 the the DT 34823 4902 47 surplus surplus NN 34823 4902 48 of of IN 34823 4902 49 his -PRON- PRP$ 34823 4902 50 medium medium NN 34823 4902 51 of of IN 34823 4902 52 exchange exchange NN 34823 4902 53 home home NN 34823 4902 54 , , , 34823 4902 55 waiting wait VBG 34823 4902 56 for for IN 34823 4902 57 another another DT 34823 4902 58 occasion occasion NN 34823 4902 59 . . . 34823 4903 1 The the DT 34823 4903 2 medium medium NN 34823 4903 3 of of IN 34823 4903 4 exchange exchange NN 34823 4903 5 function function NN 34823 4903 6 overcomes overcome VBZ 34823 4903 7 the the DT 34823 4903 8 difficulties difficulty NNS 34823 4903 9 arising arise VBG 34823 4903 10 from from IN 34823 4903 11 low low JJ 34823 4903 12 saleability saleability NN 34823 4903 13 of of IN 34823 4903 14 many many JJ 34823 4903 15 goods good NNS 34823 4903 16 , , , 34823 4903 17 due due JJ 34823 4903 18 to to IN 34823 4903 19 limited limited JJ 34823 4903 20 number number NN 34823 4903 21 of of IN 34823 4903 22 possible possible JJ 34823 4903 23 buyers buyer NNS 34823 4903 24 , , , 34823 4903 25 lack lack NN 34823 4903 26 of of IN 34823 4903 27 divisibility divisibility NN 34823 4903 28 , , , 34823 4903 29 etc etc FW 34823 4903 30 . . FW 34823 4903 31 , , , 34823 4903 32 etc etc FW 34823 4903 33 . . . 34823 4904 1 The the DT 34823 4904 2 common common JJ 34823 4904 3 measure measure NN 34823 4904 4 of of IN 34823 4904 5 values value NNS 34823 4904 6 aids aid VBZ 34823 4904 7 greatly greatly RB 34823 4904 8 in in IN 34823 4904 9 determining determine VBG 34823 4904 10 the the DT 34823 4904 11 prices price NNS 34823 4904 12 , , , 34823 4904 13 the the DT 34823 4904 14 terms term NNS 34823 4904 15 , , , 34823 4904 16 at at IN 34823 4904 17 which which WDT 34823 4904 18 exchanges exchange NNS 34823 4904 19 may may MD 34823 4904 20 be be VB 34823 4904 21 made make VBN 34823 4904 22 ; ; : 34823 4904 23 the the DT 34823 4904 24 medium medium NN 34823 4904 25 of of IN 34823 4904 26 exchange exchange NN 34823 4904 27 makes make VBZ 34823 4904 28 possible possible JJ 34823 4904 29 exchanges exchange NNS 34823 4904 30 which which WDT 34823 4904 31 could could MD 34823 4904 32 not not RB 34823 4904 33 be be VB 34823 4904 34 made make VBN 34823 4904 35 at at RB 34823 4904 36 all all RB 34823 4904 37 in in IN 34823 4904 38 its -PRON- PRP$ 34823 4904 39 absence absence NN 34823 4904 40 . . . 34823 4905 1 The the DT 34823 4905 2 measure measure NN 34823 4905 3 of of IN 34823 4905 4 value value NN 34823 4905 5 function function NN 34823 4905 6 does do VBZ 34823 4905 7 not not RB 34823 4905 8 add add VB 34823 4905 9 to to IN 34823 4905 10 the the DT 34823 4905 11 value value NN 34823 4905 12 of of IN 34823 4905 13 money money NN 34823 4905 14 . . . 34823 4906 1 The the DT 34823 4906 2 medium medium NN 34823 4906 3 of of IN 34823 4906 4 exchange exchange NN 34823 4906 5 function function NN 34823 4906 6 is be VBZ 34823 4906 7 commonly commonly RB 34823 4906 8 a a DT 34823 4906 9 cause cause NN 34823 4906 10 of of IN 34823 4906 11 additional additional JJ 34823 4906 12 value value NN 34823 4906 13 for for IN 34823 4906 14 money money NN 34823 4906 15 . . . 34823 4907 1 The the DT 34823 4907 2 source source NN 34823 4907 3 of of IN 34823 4907 4 this this DT 34823 4907 5 extra extra JJ 34823 4907 6 value value NN 34823 4907 7 is be VBZ 34823 4907 8 the the DT 34823 4907 9 gains gain NNS 34823 4907 10 that that WDT 34823 4907 11 come come VBP 34823 4907 12 from from IN 34823 4907 13 exchange exchange NN 34823 4907 14 . . . 34823 4908 1 Exchange exchange NN 34823 4908 2 is be VBZ 34823 4908 3 an an DT 34823 4908 4 essential essential JJ 34823 4908 5 part part NN 34823 4908 6 of of IN 34823 4908 7 the the DT 34823 4908 8 productive productive JJ 34823 4908 9 process process NN 34823 4908 10 , , , 34823 4908 11 where where WRB 34823 4908 12 you -PRON- PRP 34823 4908 13 have have VBP 34823 4908 14 division division NN 34823 4908 15 of of IN 34823 4908 16 labor labor NN 34823 4908 17 with with IN 34823 4908 18 private private JJ 34823 4908 19 ownership ownership NN 34823 4908 20 of of IN 34823 4908 21 the the DT 34823 4908 22 instruments instrument NNS 34823 4908 23 of of IN 34823 4908 24 production production NN 34823 4908 25 , , , 34823 4908 26 and and CC 34823 4908 27 private private JJ 34823 4908 28 enterprise enterprise NN 34823 4908 29 . . . 34823 4909 1 Values[476 Values[476 NNP 34823 4909 2 ] ] -RRB- 34823 4909 3 may may MD 34823 4909 4 be be VB 34823 4909 5 created create VBN 34823 4909 6 by by IN 34823 4909 7 changing change VBG 34823 4909 8 the the DT 34823 4909 9 forms form NNS 34823 4909 10 , , , 34823 4909 11 the the DT 34823 4909 12 time time NN 34823 4909 13 , , , 34823 4909 14 the the DT 34823 4909 15 place place NN 34823 4909 16 , , , 34823 4909 17 or or CC 34823 4909 18 the the DT 34823 4909 19 ownership ownership NN 34823 4909 20 of of IN 34823 4909 21 goods good NNS 34823 4909 22 . . . 34823 4910 1 All all PDT 34823 4910 2 these these DT 34823 4910 3 operations operation NNS 34823 4910 4 are be VBP 34823 4910 5 necessary necessary JJ 34823 4910 6 in in IN 34823 4910 7 an an DT 34823 4910 8 economic economic JJ 34823 4910 9 system system NN 34823 4910 10 like like IN 34823 4910 11 our -PRON- PRP$ 34823 4910 12 own own JJ 34823 4910 13 . . . 34823 4911 1 Those those DT 34823 4911 2 who who WP 34823 4911 3 possess possess VBP 34823 4911 4 money money NN 34823 4911 5 are be VBP 34823 4911 6 in in IN 34823 4911 7 a a DT 34823 4911 8 position position NN 34823 4911 9 to to TO 34823 4911 10 take take VB 34823 4911 11 toll toll NN 34823 4911 12 , , , 34823 4911 13 in in IN 34823 4911 14 values value NNS 34823 4911 15 , , , 34823 4911 16 from from IN 34823 4911 17 those those DT 34823 4911 18 who who WP 34823 4911 19 wish wish VBP 34823 4911 20 to to TO 34823 4911 21 get get VB 34823 4911 22 rid rid VBN 34823 4911 23 of of IN 34823 4911 24 the the DT 34823 4911 25 goods good NNS 34823 4911 26 which which WDT 34823 4911 27 they -PRON- PRP 34823 4911 28 have have VBP 34823 4911 29 produced produce VBN 34823 4911 30 , , , 34823 4911 31 and and CC 34823 4911 32 to to TO 34823 4911 33 get get VB 34823 4911 34 hold hold NN 34823 4911 35 of of IN 34823 4911 36 the the DT 34823 4911 37 goods good NNS 34823 4911 38 which which WDT 34823 4911 39 they -PRON- PRP 34823 4911 40 wish wish VBP 34823 4911 41 to to TO 34823 4911 42 consume consume VB 34823 4911 43 . . . 34823 4912 1 The the DT 34823 4912 2 holders holder NNS 34823 4912 3 of of IN 34823 4912 4 money money NN 34823 4912 5 do do VBP 34823 4912 6 this this DT 34823 4912 7 by by IN 34823 4912 8 means mean NNS 34823 4912 9 of of IN 34823 4912 10 the the DT 34823 4912 11 money money NN 34823 4912 12 , , , 34823 4912 13 and and CC 34823 4912 14 under under IN 34823 4912 15 the the DT 34823 4912 16 laws law NNS 34823 4912 17 of of IN 34823 4912 18 economic economic JJ 34823 4912 19 imputation imputation NN 34823 4912 20 , , , 34823 4912 21 these these DT 34823 4912 22 gains gain NNS 34823 4912 23 are be VBP 34823 4912 24 attributed attribute VBN 34823 4912 25 to to IN 34823 4912 26 the the DT 34823 4912 27 money money NN 34823 4912 28 itself -PRON- PRP 34823 4912 29 , , , 34823 4912 30 first first RB 34823 4912 31 in in IN 34823 4912 32 the the DT 34823 4912 33 form form NN 34823 4912 34 of of IN 34823 4912 35 a a DT 34823 4912 36 rental rental JJ 34823 4912 37 value value NN 34823 4912 38 , , , 34823 4912 39 and and CC 34823 4912 40 sometimes sometimes RB 34823 4912 41 , , , 34823 4912 42 under under IN 34823 4912 43 conditions condition NNS 34823 4912 44 later later RB 34823 4912 45 to to TO 34823 4912 46 be be VB 34823 4912 47 discussed discuss VBN 34823 4912 48 , , , 34823 4912 49 as as IN 34823 4912 50 increments increment NNS 34823 4912 51 to to IN 34823 4912 52 capital capital NN 34823 4912 53 value value NN 34823 4912 54 . . . 34823 4913 1 Before before IN 34823 4913 2 giving give VBG 34823 4913 3 full full JJ 34823 4913 4 discussion discussion NN 34823 4913 5 to to IN 34823 4913 6 this this DT 34823 4913 7 topic topic NN 34823 4913 8 , , , 34823 4913 9 it -PRON- PRP 34823 4913 10 will will MD 34823 4913 11 be be VB 34823 4913 12 well well JJ 34823 4913 13 to to TO 34823 4913 14 consider consider VB 34823 4913 15 certain certain JJ 34823 4913 16 other other JJ 34823 4913 17 functions function NNS 34823 4913 18 , , , 34823 4913 19 which which WDT 34823 4913 20 are be VBP 34823 4913 21 , , , 34823 4913 22 or or CC 34823 4913 23 may may MD 34823 4913 24 be be VB 34823 4913 25 , , , 34823 4913 26 sources source NNS 34823 4913 27 of of IN 34823 4913 28 value value NN 34823 4913 29 for for IN 34823 4913 30 money money NN 34823 4913 31 . . . 34823 4914 1 The the DT 34823 4914 2 reserve reserve NN 34823 4914 3 for for IN 34823 4914 4 credit credit NN 34823 4914 5 instruments instrument NNS 34823 4914 6 function function VBP 34823 4914 7 can can MD 34823 4914 8 not not RB 34823 4914 9 be be VB 34823 4914 10 fully fully RB 34823 4914 11 discussed discuss VBN 34823 4914 12 till till IN 34823 4914 13 we -PRON- PRP 34823 4914 14 take take VBP 34823 4914 15 up up RP 34823 4914 16 credit credit NN 34823 4914 17 . . . 34823 4915 1 Provisionally provisionally RB 34823 4915 2 , , , 34823 4915 3 it -PRON- PRP 34823 4915 4 may may MD 34823 4915 5 be be VB 34823 4915 6 said say VBN 34823 4915 7 that that IN 34823 4915 8 it -PRON- PRP 34823 4915 9 is be VBZ 34823 4915 10 a a DT 34823 4915 11 source source NN 34823 4915 12 of of IN 34823 4915 13 absolute absolute JJ 34823 4915 14 value value NN 34823 4915 15 for for IN 34823 4915 16 money money NN 34823 4915 17 , , , 34823 4915 18 _ _ NNP 34823 4915 19 per per FW 34823 4915 20 se se FW 34823 4915 21 _ _ NNP 34823 4915 22 , , , 34823 4915 23 even even RB 34823 4915 24 though though IN 34823 4915 25 the the DT 34823 4915 26 effect effect NN 34823 4915 27 on on IN 34823 4915 28 prices price NNS 34823 4915 29 may may MD 34823 4915 30 be be VB 34823 4915 31 that that IN 34823 4915 32 , , , 34823 4915 33 owing owe VBG 34823 4915 34 to to IN 34823 4915 35 a a DT 34823 4915 36 rise rise NN 34823 4915 37 in in IN 34823 4915 38 the the DT 34823 4915 39 values value NNS 34823 4915 40 of of IN 34823 4915 41 goods good NNS 34823 4915 42 , , , 34823 4915 43 the the DT 34823 4915 44 prices price NNS 34823 4915 45 rise rise VBP 34823 4915 46 . . . 34823 4916 1 The the DT 34823 4916 2 fact fact NN 34823 4916 3 of of IN 34823 4916 4 credit credit NN 34823 4916 5 may may MD 34823 4916 6 even even RB 34823 4916 7 tend tend VB 34823 4916 8 to to TO 34823 4916 9 lessen lessen VB 34823 4916 10 the the DT 34823 4916 11 absolute absolute JJ 34823 4916 12 value value NN 34823 4916 13 of of IN 34823 4916 14 money money NN 34823 4916 15 itself -PRON- PRP 34823 4916 16 , , , 34823 4916 17 by by IN 34823 4916 18 lessening lessen VBG 34823 4916 19 the the DT 34823 4916 20 value value NN 34823 4916 21 that that WDT 34823 4916 22 comes come VBZ 34823 4916 23 to to IN 34823 4916 24 money money NN 34823 4916 25 from from IN 34823 4916 26 the the DT 34823 4916 27 medium medium NN 34823 4916 28 of of IN 34823 4916 29 exchange exchange NN 34823 4916 30 function function NN 34823 4916 31 . . . 34823 4917 1 On on IN 34823 4917 2 the the DT 34823 4917 3 other other JJ 34823 4917 4 hand hand NN 34823 4917 5 , , , 34823 4917 6 credit credit NN 34823 4917 7 increases increase NNS 34823 4917 8 exchanges exchange NNS 34823 4917 9 , , , 34823 4917 10 making make VBG 34823 4917 11 possible possible JJ 34823 4917 12 a a DT 34823 4917 13 vast vast JJ 34823 4917 14 mass mass NN 34823 4917 15 of of IN 34823 4917 16 transactions transaction NNS 34823 4917 17 which which WDT 34823 4917 18 without without IN 34823 4917 19 it -PRON- PRP 34823 4917 20 would would MD 34823 4917 21 not not RB 34823 4917 22 occur occur VB 34823 4917 23 at at RB 34823 4917 24 all all RB 34823 4917 25 . . . 34823 4918 1 Of of RB 34823 4918 2 course course RB 34823 4918 3 , , , 34823 4918 4 in in IN 34823 4918 5 our -PRON- PRP$ 34823 4918 6 hypothetical hypothetical JJ 34823 4918 7 case case NN 34823 4918 8 above above RB 34823 4918 9 , , , 34823 4918 10 where where WRB 34823 4918 11 the the DT 34823 4918 12 reserve reserve NN 34823 4918 13 for for IN 34823 4918 14 credit credit NN 34823 4918 15 instruments instrument NNS 34823 4918 16 is be VBZ 34823 4918 17 silver silver JJ 34823 4918 18 bullion bullion NN 34823 4918 19 , , , 34823 4918 20 the the DT 34823 4918 21 reserve reserve NN 34823 4918 22 for for IN 34823 4918 23 credit credit NN 34823 4918 24 instruments instrument NNS 34823 4918 25 function function NN 34823 4918 26 does do VBZ 34823 4918 27 not not RB 34823 4918 28 add add VB 34823 4918 29 to to IN 34823 4918 30 the the DT 34823 4918 31 value value NN 34823 4918 32 of of IN 34823 4918 33 money money NN 34823 4918 34 at at RB 34823 4918 35 all all RB 34823 4918 36 . . . 34823 4919 1 The the DT 34823 4919 2 " " `` 34823 4919 3 bearer bearer NN 34823 4919 4 of of IN 34823 4919 5 options option NNS 34823 4919 6 " " `` 34823 4919 7 function function NN 34823 4919 8 of of IN 34823 4919 9 money money NN 34823 4919 10 is be VBZ 34823 4919 11 also also RB 34823 4919 12 a a DT 34823 4919 13 source source NN 34823 4919 14 of of IN 34823 4919 15 value value NN 34823 4919 16 for for IN 34823 4919 17 money money NN 34823 4919 18 . . . 34823 4920 1 It -PRON- PRP 34823 4920 2 is be VBZ 34823 4920 3 a a DT 34823 4920 4 valuable valuable JJ 34823 4920 5 service service NN 34823 4920 6 . . . 34823 4921 1 The the DT 34823 4921 2 man man NN 34823 4921 3 who who WP 34823 4921 4 holds hold VBZ 34823 4921 5 money money NN 34823 4921 6 , , , 34823 4921 7 waiting wait VBG 34823 4921 8 his -PRON- PRP$ 34823 4921 9 chance chance NN 34823 4921 10 in in IN 34823 4921 11 a a DT 34823 4921 12 fluctuating fluctuate VBG 34823 4921 13 market market NN 34823 4921 14 , , , 34823 4921 15 anticipates anticipate VBZ 34823 4921 16 a a DT 34823 4921 17 gain gain NN 34823 4921 18 which which WDT 34823 4921 19 justifies justify VBZ 34823 4921 20 him -PRON- PRP 34823 4921 21 in in IN 34823 4921 22 holding hold VBG 34823 4921 23 his -PRON- PRP$ 34823 4921 24 capital capital NN 34823 4921 25 without without IN 34823 4921 26 return return NN 34823 4921 27 upon upon IN 34823 4921 28 it -PRON- PRP 34823 4921 29 . . . 34823 4922 1 Money money NN 34823 4922 2 is be VBZ 34823 4922 3 not not RB 34823 4922 4 alone alone RB 34823 4922 5 in in IN 34823 4922 6 performing perform VBG 34823 4922 7 this this DT 34823 4922 8 service service NN 34823 4922 9 . . . 34823 4923 1 High high JJ 34823 4923 2 grade grade NN 34823 4923 3 bonds bond NNS 34823 4923 4 also also RB 34823 4923 5 perform perform VBP 34823 4923 6 it -PRON- PRP 34823 4923 7 . . . 34823 4924 1 They -PRON- PRP 34823 4924 2 bear bear VBP 34823 4924 3 a a DT 34823 4924 4 lower low JJR 34823 4924 5 yield yield NN 34823 4924 6 per per IN 34823 4924 7 annum annum FW 34823 4924 8 to to TO 34823 4924 9 compensate compensate VB 34823 4924 10 . . . 34823 4925 1 The the DT 34823 4925 2 service service NN 34823 4925 3 of of IN 34823 4925 4 bearing bearing NN 34823 4925 5 options option NNS 34823 4925 6 is be VBZ 34823 4925 7 itself -PRON- PRP 34823 4925 8 a a DT 34823 4925 9 part part NN 34823 4925 10 of of IN 34823 4925 11 the the DT 34823 4925 12 yield yield NN 34823 4925 13 , , , 34823 4925 14 and and CC 34823 4925 15 is be VBZ 34823 4925 16 itself -PRON- PRP 34823 4925 17 capitalized capitalize VBN 34823 4925 18 , , , 34823 4925 19 in in IN 34823 4925 20 their -PRON- PRP$ 34823 4925 21 case case NN 34823 4925 22 . . . 34823 4926 1 Two two CD 34823 4926 2 5 5 CD 34823 4926 3 % % NN 34823 4926 4 bonds bond NNS 34823 4926 5 , , , 34823 4926 6 each each DT 34823 4926 7 equally equally RB 34823 4926 8 secure secure JJ 34823 4926 9 , , , 34823 4926 10 but but CC 34823 4926 11 one one CD 34823 4926 12 of of IN 34823 4926 13 which which WDT 34823 4926 14 has have VBZ 34823 4926 15 a a DT 34823 4926 16 wide wide JJ 34823 4926 17 market market NN 34823 4926 18 , , , 34823 4926 19 while while IN 34823 4926 20 the the DT 34823 4926 21 other other JJ 34823 4926 22 has have VBZ 34823 4926 23 a a DT 34823 4926 24 restricted restricted JJ 34823 4926 25 market market NN 34823 4926 26 , , , 34823 4926 27 will will MD 34823 4926 28 have have VB 34823 4926 29 a a DT 34823 4926 30 very very RB 34823 4926 31 unequal unequal JJ 34823 4926 32 value value NN 34823 4926 33 . . . 34823 4927 1 This this DT 34823 4927 2 " " `` 34823 4927 3 bearer bearer NN 34823 4927 4 of of IN 34823 4927 5 options option NNS 34823 4927 6 " " `` 34823 4927 7 function function NN 34823 4927 8 is be VBZ 34823 4927 9 often often RB 34823 4927 10 identified identify VBN 34823 4927 11 with with IN 34823 4927 12 the the DT 34823 4927 13 " " `` 34823 4927 14 store store NN 34823 4927 15 of of IN 34823 4927 16 value value NN 34823 4927 17 " " '' 34823 4927 18 function function NN 34823 4927 19 . . . 34823 4928 1 The the DT 34823 4928 2 two two CD 34823 4928 3 are be VBP 34823 4928 4 properly properly RB 34823 4928 5 distinguished distinguish VBN 34823 4928 6 . . . 34823 4929 1 If if IN 34823 4929 2 a a DT 34823 4929 3 man man NN 34823 4929 4 has have VBZ 34823 4929 5 in in IN 34823 4929 6 mind mind NN 34823 4929 7 a a DT 34823 4929 8 definite definite JJ 34823 4929 9 contingency contingency NN 34823 4929 10 , , , 34823 4929 11 at at IN 34823 4929 12 a a DT 34823 4929 13 definite definite JJ 34823 4929 14 future future JJ 34823 4929 15 time time NN 34823 4929 16 , , , 34823 4929 17 for for IN 34823 4929 18 which which WDT 34823 4929 19 he -PRON- PRP 34823 4929 20 wishes wish VBZ 34823 4929 21 to to TO 34823 4929 22 hold hold VB 34823 4929 23 a a DT 34823 4929 24 store store NN 34823 4929 25 of of IN 34823 4929 26 value value NN 34823 4929 27 , , , 34823 4929 28 he -PRON- PRP 34823 4929 29 may may MD 34823 4929 30 well well RB 34823 4929 31 find find VB 34823 4929 32 that that IN 34823 4929 33 a a DT 34823 4929 34 high high JJ 34823 4929 35 yield yield NN 34823 4929 36 bond bond NN 34823 4929 37 , , , 34823 4929 38 or or CC 34823 4929 39 a a DT 34823 4929 40 loan loan NN 34823 4929 41 upon upon IN 34823 4929 42 real real JJ 34823 4929 43 estate estate NN 34823 4929 44 , , , 34823 4929 45 or or CC 34823 4929 46 many many JJ 34823 4929 47 other other JJ 34823 4929 48 productive productive JJ 34823 4929 49 investments investment NNS 34823 4929 50 , , , 34823 4929 51 will will MD 34823 4929 52 serve serve VB 34823 4929 53 him -PRON- PRP 34823 4929 54 better well RBR 34823 4929 55 than than IN 34823 4929 56 money money NN 34823 4929 57 or or CC 34823 4929 58 bonds bond NNS 34823 4929 59 with with IN 34823 4929 60 wide wide JJ 34823 4929 61 market market NN 34823 4929 62 . . . 34823 4930 1 So so RB 34823 4930 2 far far RB 34823 4930 3 as as IN 34823 4930 4 money money NN 34823 4930 5 is be VBZ 34823 4930 6 concerned concern VBN 34823 4930 7 , , , 34823 4930 8 the the DT 34823 4930 9 " " `` 34823 4930 10 bearer bearer NN 34823 4930 11 of of IN 34823 4930 12 options option NNS 34823 4930 13 " " `` 34823 4930 14 function function NN 34823 4930 15 is be VBZ 34823 4930 16 much much RB 34823 4930 17 more more RBR 34823 4930 18 important important JJ 34823 4930 19 than than IN 34823 4930 20 the the DT 34823 4930 21 " " `` 34823 4930 22 store store NN 34823 4930 23 of of IN 34823 4930 24 value value NN 34823 4930 25 " " '' 34823 4930 26 function function NN 34823 4930 27 to to NN 34823 4930 28 - - HYPH 34823 4930 29 day day NN 34823 4930 30 . . . 34823 4931 1 The the DT 34823 4931 2 reserve reserve NN 34823 4931 3 of of IN 34823 4931 4 value value NN 34823 4931 5 in in IN 34823 4931 6 liquid liquid JJ 34823 4931 7 form form NN 34823 4931 8 , , , 34823 4931 9 for for IN 34823 4931 10 undated undated JJ 34823 4931 11 emergencies emergency NNS 34823 4931 12 ( ( -LRB- 34823 4931 13 like like IN 34823 4931 14 the the DT 34823 4931 15 War War NNP 34823 4931 16 Chest Chest NNP 34823 4931 17 at at IN 34823 4931 18 Spandau Spandau NNP 34823 4931 19 , , , 34823 4931 20 or or CC 34823 4931 21 the the DT 34823 4931 22 big big NNP 34823 4931 23 reserve reserve NNP 34823 4931 24 accumulated accumulate VBN 34823 4931 25 between between IN 34823 4931 26 1900 1900 CD 34823 4931 27 and and CC 34823 4931 28 1913 1913 CD 34823 4931 29 by by IN 34823 4931 30 the the DT 34823 4931 31 _ _ NNP 34823 4931 32 Banque Banque NNP 34823 4931 33 de de NNP 34823 4931 34 France France NNP 34823 4931 35 _ _ NNP 34823 4931 36 ) ) -RRB- 34823 4931 37 , , , 34823 4931 38 would would MD 34823 4931 39 , , , 34823 4931 40 from from IN 34823 4931 41 the the DT 34823 4931 42 point point NN 34823 4931 43 of of IN 34823 4931 44 view view NN 34823 4931 45 of of IN 34823 4931 46 this this DT 34823 4931 47 distinction distinction NN 34823 4931 48 , , , 34823 4931 49 come come VB 34823 4931 50 under under IN 34823 4931 51 the the DT 34823 4931 52 " " `` 34823 4931 53 bearer bearer NN 34823 4931 54 of of IN 34823 4931 55 option option NN 34823 4931 56 " " `` 34823 4931 57 function function NN 34823 4931 58 , , , 34823 4931 59 rather rather RB 34823 4931 60 than than IN 34823 4931 61 the the DT 34823 4931 62 " " `` 34823 4931 63 store store NN 34823 4931 64 of of IN 34823 4931 65 value value NN 34823 4931 66 " " '' 34823 4931 67 function function NN 34823 4931 68 . . . 34823 4932 1 The the DT 34823 4932 2 important important JJ 34823 4932 3 thing thing NN 34823 4932 4 about about IN 34823 4932 5 the the DT 34823 4932 6 distinction distinction NN 34823 4932 7 is be VBZ 34823 4932 8 that that IN 34823 4932 9 for for IN 34823 4932 10 one one CD 34823 4932 11 purpose purpose NN 34823 4932 12 a a DT 34823 4932 13 high high JJ 34823 4932 14 degree degree NN 34823 4932 15 of of IN 34823 4932 16 saleability saleability NN 34823 4932 17 in in IN 34823 4932 18 the the DT 34823 4932 19 thing thing NN 34823 4932 20 chosen choose VBN 34823 4932 21 is be VBZ 34823 4932 22 necessary necessary JJ 34823 4932 23 , , , 34823 4932 24 while while IN 34823 4932 25 in in IN 34823 4932 26 the the DT 34823 4932 27 other other JJ 34823 4932 28 , , , 34823 4932 29 such such JJ 34823 4932 30 is be VBZ 34823 4932 31 not not RB 34823 4932 32 the the DT 34823 4932 33 case case NN 34823 4932 34 . . . 34823 4933 1 The the DT 34823 4933 2 most most RBS 34823 4933 3 common common JJ 34823 4933 4 case case NN 34823 4933 5 of of IN 34823 4933 6 the the DT 34823 4933 7 " " `` 34823 4933 8 bearer bearer NN 34823 4933 9 of of IN 34823 4933 10 options option NNS 34823 4933 11 " " `` 34823 4933 12 function function NN 34823 4933 13 arises arise VBZ 34823 4933 14 when when WRB 34823 4933 15 men man NNS 34823 4933 16 hold hold VBP 34823 4933 17 money money NN 34823 4933 18 , , , 34823 4933 19 liquid liquid JJ 34823 4933 20 securities security NNS 34823 4933 21 of of IN 34823 4933 22 low low JJ 34823 4933 23 yield yield NN 34823 4933 24 and and CC 34823 4933 25 stable stable JJ 34823 4933 26 value value NN 34823 4933 27 , , , 34823 4933 28 short short JJ 34823 4933 29 loans loan NNS 34823 4933 30 , , , 34823 4933 31 call call VB 34823 4933 32 loans loan NNS 34823 4933 33 , , , 34823 4933 34 or or CC 34823 4933 35 bank bank NN 34823 4933 36 - - HYPH 34823 4933 37 deposits deposit NNS 34823 4933 38 , , , 34823 4933 39 waiting wait VBG 34823 4933 40 for for IN 34823 4933 41 special special JJ 34823 4933 42 opportunities opportunity NNS 34823 4933 43 in in IN 34823 4933 44 the the DT 34823 4933 45 market market NN 34823 4933 46 . . . 34823 4934 1 The the DT 34823 4934 2 medium medium NN 34823 4934 3 of of IN 34823 4934 4 exchange exchange NN 34823 4934 5 function function NN 34823 4934 6 would would MD 34823 4934 7 exist exist VB 34823 4934 8 in in IN 34823 4934 9 a a DT 34823 4934 10 society society NN 34823 4934 11 where where WRB 34823 4934 12 business business NN 34823 4934 13 goes go VBZ 34823 4934 14 always always RB 34823 4934 15 in in IN 34823 4934 16 accustomed accustomed JJ 34823 4934 17 grooves groove NNS 34823 4934 18 , , , 34823 4934 19 where where WRB 34823 4934 20 uncertainty uncertainty NN 34823 4934 21 is be VBZ 34823 4934 22 banished banish VBN 34823 4934 23 , , , 34823 4934 24 and and CC 34823 4934 25 where where WRB 34823 4934 26 most most JJS 34823 4934 27 of of IN 34823 4934 28 the the DT 34823 4934 29 assumptions assumption NNS 34823 4934 30 of of IN 34823 4934 31 static static JJ 34823 4934 32 economic economic JJ 34823 4934 33 theory theory NN 34823 4934 34 are be VBP 34823 4934 35 realized realize VBN 34823 4934 36 . . . 34823 4935 1 If if IN 34823 4935 2 we -PRON- PRP 34823 4935 3 push push VBP 34823 4935 4 static static JJ 34823 4935 5 assumptions assumption NNS 34823 4935 6 to to IN 34823 4935 7 the the DT 34823 4935 8 limit limit NN 34823 4935 9 , , , 34823 4935 10 and and CC 34823 4935 11 assume assume VB 34823 4935 12 " " `` 34823 4935 13 friction friction NN 34823 4935 14 " " '' 34823 4935 15 of of IN 34823 4935 16 all all DT 34823 4935 17 sort sort RB 34823 4935 18 gone go VBN 34823 4935 19 , , , 34823 4935 20 assume assume VBP 34823 4935 21 that that IN 34823 4935 22 all all DT 34823 4935 23 goods good NNS 34823 4935 24 can can MD 34823 4935 25 flow flow VB 34823 4935 26 without without IN 34823 4935 27 trouble trouble NN 34823 4935 28 or or CC 34823 4935 29 expense expense NN 34823 4935 30 to to IN 34823 4935 31 the the DT 34823 4935 32 places place NNS 34823 4935 33 and and CC 34823 4935 34 persons person NNS 34823 4935 35 where where WRB 34823 4935 36 their -PRON- PRP$ 34823 4935 37 values value NNS 34823 4935 38 are be VBP 34823 4935 39 highest high JJS 34823 4935 40 , , , 34823 4935 41 etc etc FW 34823 4935 42 . . . 34823 4935 43 , , , 34823 4935 44 even even RB 34823 4935 45 the the DT 34823 4935 46 medium medium NN 34823 4935 47 of of IN 34823 4935 48 exchange exchange NN 34823 4935 49 function function NN 34823 4935 50 would would MD 34823 4935 51 disappear disappear VB 34823 4935 52 . . . 34823 4936 1 But but CC 34823 4936 2 if if IN 34823 4936 3 we -PRON- PRP 34823 4936 4 make make VBP 34823 4936 5 our -PRON- PRP$ 34823 4936 6 static static JJ 34823 4936 7 assumptions assumption NNS 34823 4936 8 a a DT 34823 4936 9 bit bit NN 34823 4936 10 more more RBR 34823 4936 11 realistic realistic JJ 34823 4936 12 , , , 34823 4936 13 leaving leave VBG 34823 4936 14 the the DT 34823 4936 15 " " `` 34823 4936 16 friction friction NN 34823 4936 17 " " '' 34823 4936 18 of of IN 34823 4936 19 barter barter NN 34823 4936 20 , , , 34823 4936 21 but but CC 34823 4936 22 banishing banish VBG 34823 4936 23 the the DT 34823 4936 24 need need NN 34823 4936 25 for for IN 34823 4936 26 readjustment readjustment NN 34823 4936 27 , , , 34823 4936 28 and and CC 34823 4936 29 the the DT 34823 4936 30 uncertainties uncertainty NNS 34823 4936 31 that that WDT 34823 4936 32 grow grow VBP 34823 4936 33 out out IN 34823 4936 34 of of IN 34823 4936 35 dynamic dynamic JJ 34823 4936 36 changes change NNS 34823 4936 37 ( ( -LRB- 34823 4936 38 whether whether IN 34823 4936 39 caused cause VBN 34823 4936 40 by by IN 34823 4936 41 growth growth NN 34823 4936 42 of of IN 34823 4936 43 population population NN 34823 4936 44 , , , 34823 4936 45 or or CC 34823 4936 46 changes change NNS 34823 4936 47 in in IN 34823 4936 48 laws law NNS 34823 4936 49 and and CC 34823 4936 50 morals moral NNS 34823 4936 51 , , , 34823 4936 52 or or CC 34823 4936 53 in in IN 34823 4936 54 fashions fashion NNS 34823 4936 55 and and CC 34823 4936 56 tastes taste NNS 34823 4936 57 , , , 34823 4936 58 or or CC 34823 4936 59 in in IN 34823 4936 60 technical technical JJ 34823 4936 61 methods method NNS 34823 4936 62 , , , 34823 4936 63 or or CC 34823 4936 64 by by IN 34823 4936 65 accidents accident NNS 34823 4936 66 of of IN 34823 4936 67 various various JJ 34823 4936 68 kinds kind NNS 34823 4936 69 ) ) -RRB- 34823 4936 70 , , , 34823 4936 71 then then RB 34823 4936 72 the the DT 34823 4936 73 medium medium NN 34823 4936 74 of of IN 34823 4936 75 exchange exchange NN 34823 4936 76 function function NN 34823 4936 77 will will MD 34823 4936 78 still still RB 34823 4936 79 remain remain VB 34823 4936 80 . . . 34823 4937 1 Given give VBN 34823 4937 2 dynamic dynamic JJ 34823 4937 3 changes change NNS 34823 4937 4 , , , 34823 4937 5 we -PRON- PRP 34823 4937 6 have have VBP 34823 4937 7 need nee VBN 34823 4937 8 for for IN 34823 4937 9 a a DT 34823 4937 10 vast vast JJ 34823 4937 11 deal deal NN 34823 4937 12 more more JJR 34823 4937 13 of of IN 34823 4937 14 readjustment readjustment NN 34823 4937 15 , , , 34823 4937 16 and and CC 34823 4937 17 a a DT 34823 4937 18 vast vast JJ 34823 4937 19 deal deal NN 34823 4937 20 more more JJR 34823 4937 21 of of IN 34823 4937 22 speculation speculation NN 34823 4937 23 . . . 34823 4938 1 I -PRON- PRP 34823 4938 2 have have VBP 34823 4938 3 shown show VBN 34823 4938 4 in in IN 34823 4938 5 the the DT 34823 4938 6 chapter chapter NN 34823 4938 7 on on IN 34823 4938 8 " " `` 34823 4938 9 The the DT 34823 4938 10 Volume volume NN 34823 4938 11 of of IN 34823 4938 12 Money money NN 34823 4938 13 and and CC 34823 4938 14 the the DT 34823 4938 15 Volume Volume NNP 34823 4938 16 of of IN 34823 4938 17 Trade Trade NNP 34823 4938 18 " " '' 34823 4938 19 that that IN 34823 4938 20 the the DT 34823 4938 21 great great JJ 34823 4938 22 bulk bulk NN 34823 4938 23 of of IN 34823 4938 24 trading trading NN 34823 4938 25 in in IN 34823 4938 26 the the DT 34823 4938 27 United United NNP 34823 4938 28 States States NNP 34823 4938 29 to to IN 34823 4938 30 - - HYPH 34823 4938 31 day day NN 34823 4938 32 is be VBZ 34823 4938 33 speculation speculation NN 34823 4938 34 , , , 34823 4938 35 which which WDT 34823 4938 36 increases increase VBZ 34823 4938 37 or or CC 34823 4938 38 decreases decrease VBZ 34823 4938 39 with with IN 34823 4938 40 the the DT 34823 4938 41 amount amount NN 34823 4938 42 of of IN 34823 4938 43 dynamic dynamic JJ 34823 4938 44 change change NN 34823 4938 45 , , , 34823 4938 46 with with IN 34823 4938 47 its -PRON- PRP$ 34823 4938 48 accompanying accompanying JJ 34823 4938 49 uncertainty uncertainty NN 34823 4938 50 and and CC 34823 4938 51 need need NN 34823 4938 52 for for IN 34823 4938 53 readjustment readjustment NN 34823 4938 54 . . . 34823 4939 1 The the DT 34823 4939 2 major major JJ 34823 4939 3 part part NN 34823 4939 4 of of IN 34823 4939 5 the the DT 34823 4939 6 medium medium NN 34823 4939 7 of of IN 34823 4939 8 exchange exchange NN 34823 4939 9 function function NN 34823 4939 10 arises arise VBZ 34823 4939 11 from from IN 34823 4939 12 this this DT 34823 4939 13 . . . 34823 4940 1 The the DT 34823 4940 2 whole whole NN 34823 4940 3 of of IN 34823 4940 4 it -PRON- PRP 34823 4940 5 arises arise VBZ 34823 4940 6 from from IN 34823 4940 7 factors factor NNS 34823 4940 8 which which WDT 34823 4940 9 purest purest VBD 34823 4940 10 static static JJ 34823 4940 11 theory theory NN 34823 4940 12 is be VBZ 34823 4940 13 accustomed accustom VBN 34823 4940 14 to to TO 34823 4940 15 abstract abstract VB 34823 4940 16 from from IN 34823 4940 17 . . . 34823 4941 1 The the DT 34823 4941 2 _ _ NNP 34823 4941 3 whole whole JJ 34823 4941 4 _ _ NNP 34823 4941 5 of of IN 34823 4941 6 the the DT 34823 4941 7 " " `` 34823 4941 8 bearer bearer NN 34823 4941 9 of of IN 34823 4941 10 options option NNS 34823 4941 11 " " '' 34823 4941 12 functions function NNS 34823 4941 13 arises arise VBZ 34823 4941 14 from from IN 34823 4941 15 dynamic dynamic JJ 34823 4941 16 change change NN 34823 4941 17 . . . 34823 4942 1 _ _ NNP 34823 4942 2 This this DT 34823 4942 3 is be VBZ 34823 4942 4 the the DT 34823 4942 5 dynamic dynamic JJ 34823 4942 6 function function NN 34823 4942 7 _ _ NNP 34823 4942 8 of of IN 34823 4942 9 money money NN 34823 4942 10 _ _ NNP 34823 4942 11 par par NN 34823 4942 12 excellence excellence NN 34823 4942 13 _ _ NNP 34823 4942 14 . . . 34823 4943 1 It -PRON- PRP 34823 4943 2 is be VBZ 34823 4943 3 commonly commonly RB 34823 4943 4 treated treat VBN 34823 4943 5 by by IN 34823 4943 6 economists economist NNS 34823 4943 7 as as IN 34823 4943 8 an an DT 34823 4943 9 unusual unusual JJ 34823 4943 10 and and CC 34823 4943 11 unimportant unimportant JJ 34823 4943 12 function function NN 34823 4943 13 . . . 34823 4944 1 Merged merge VBN 34823 4944 2 with with IN 34823 4944 3 the the DT 34823 4944 4 store store NN 34823 4944 5 of of IN 34823 4944 6 value value NN 34823 4944 7 function function NN 34823 4944 8 , , , 34823 4944 9 it -PRON- PRP 34823 4944 10 is be VBZ 34823 4944 11 frequently frequently RB 34823 4944 12 treated treat VBN 34823 4944 13 as as IN 34823 4944 14 of of IN 34823 4944 15 historical historical JJ 34823 4944 16 , , , 34823 4944 17 rather rather RB 34823 4944 18 than than IN 34823 4944 19 present present JJ 34823 4944 20 , , , 34823 4944 21 importance importance NN 34823 4944 22 . . . 34823 4945 1 In in IN 34823 4945 2 my -PRON- PRP$ 34823 4945 3 own own JJ 34823 4945 4 view view NN 34823 4945 5 , , , 34823 4945 6 it -PRON- PRP 34823 4945 7 is be VBZ 34823 4945 8 of of IN 34823 4945 9 high high JJ 34823 4945 10 present present JJ 34823 4945 11 importance importance NN 34823 4945 12 . . . 34823 4946 1 [ [ -LRB- 34823 4946 2 477 477 CD 34823 4946 3 ] ] -RRB- 34823 4946 4 I -PRON- PRP 34823 4946 5 should should MD 34823 4946 6 count count VB 34823 4946 7 it -PRON- PRP 34823 4946 8 as as IN 34823 4946 9 in in IN 34823 4946 10 considerable considerable JJ 34823 4946 11 degree degree NN 34823 4946 12 a a DT 34823 4946 13 _ _ NNP 34823 4946 14 function function NN 34823 4946 15 _ _ NNP 34823 4946 16 ( ( -LRB- 34823 4946 17 using use VBG 34823 4946 18 function function NN 34823 4946 19 in in IN 34823 4946 20 the the DT 34823 4946 21 mathematician mathematician NN 34823 4946 22 's 's POS 34823 4946 23 sense sense NN 34823 4946 24 ) ) -RRB- 34823 4946 25 of of IN 34823 4946 26 " " `` 34823 4946 27 business business NN 34823 4946 28 distrust"[478 distrust"[478 NN 34823 4946 29 ] ] -RRB- 34823 4946 30 waxing wax VBG 34823 4946 31 and and CC 34823 4946 32 waning wane VBG 34823 4946 33 in in IN 34823 4946 34 importance importance NN 34823 4946 35 as as IN 34823 4946 36 business business NN 34823 4946 37 distrust distrust NN 34823 4946 38 increases increase VBZ 34823 4946 39 and and CC 34823 4946 40 decreases decrease NNS 34823 4946 41 . . . 34823 4947 1 In in IN 34823 4947 2 past past JJ 34823 4947 3 ages age NNS 34823 4947 4 , , , 34823 4947 5 this this DT 34823 4947 6 function function NN 34823 4947 7 was be VBD 34823 4947 8 primarily primarily RB 34823 4947 9 concerned concern VBN 34823 4947 10 with with IN 34823 4947 11 consumption consumption NN 34823 4947 12 , , , 34823 4947 13 money money NN 34823 4947 14 and and CC 34823 4947 15 other other JJ 34823 4947 16 goods good NNS 34823 4947 17 being be VBG 34823 4947 18 held hold VBN 34823 4947 19 , , , 34823 4947 20 at at IN 34823 4947 21 the the DT 34823 4947 22 loss loss NN 34823 4947 23 of of IN 34823 4947 24 interest interest NN 34823 4947 25 , , , 34823 4947 26 as as IN 34823 4947 27 a a DT 34823 4947 28 safeguard safeguard NN 34823 4947 29 against against IN 34823 4947 30 personal personal JJ 34823 4947 31 danger danger NN 34823 4947 32 and and CC 34823 4947 33 as as IN 34823 4947 34 a a DT 34823 4947 35 means means NN 34823 4947 36 of of IN 34823 4947 37 subsistence subsistence NN 34823 4947 38 in in IN 34823 4947 39 emergency emergency NN 34823 4947 40 . . . 34823 4948 1 Increasingly increasingly RB 34823 4948 2 to to IN 34823 4948 3 - - HYPH 34823 4948 4 day day NN 34823 4948 5 , , , 34823 4948 6 it -PRON- PRP 34823 4948 7 is be VBZ 34823 4948 8 concerned concern VBN 34823 4948 9 with with IN 34823 4948 10 _ _ NNP 34823 4948 11 acquisition acquisition NN 34823 4948 12 _ _ NNP 34823 4948 13 of of IN 34823 4948 14 wealth wealth NN 34823 4948 15 in in IN 34823 4948 16 _ _ NNP 34823 4948 17 commercial commercial JJ 34823 4948 18 _ _ NNP 34823 4948 19 transactions transaction NNS 34823 4948 20 . . . 34823 4949 1 When when WRB 34823 4949 2 war war NN 34823 4949 3 and and CC 34823 4949 4 domestic domestic JJ 34823 4949 5 violence violence NN 34823 4949 6 were be VBD 34823 4949 7 the the DT 34823 4949 8 main main JJ 34823 4949 9 cause cause NN 34823 4949 10 of of IN 34823 4949 11 social social JJ 34823 4949 12 disturbance disturbance NN 34823 4949 13 , , , 34823 4949 14 the the DT 34823 4949 15 consumption consumption NN 34823 4949 16 aspect aspect NN 34823 4949 17 was be VBD 34823 4949 18 most most RBS 34823 4949 19 prominent prominent JJ 34823 4949 20 . . . 34823 4950 1 That that DT 34823 4950 2 aspect aspect NN 34823 4950 3 came come VBD 34823 4950 4 strongly strongly RB 34823 4950 5 to to IN 34823 4950 6 the the DT 34823 4950 7 fore fore NN 34823 4950 8 at at IN 34823 4950 9 the the DT 34823 4950 10 outbreak outbreak NN 34823 4950 11 of of IN 34823 4950 12 the the DT 34823 4950 13 present present JJ 34823 4950 14 war war NN 34823 4950 15 . . . 34823 4951 1 The the DT 34823 4951 2 heavy heavy JJ 34823 4951 3 selling selling NN 34823 4951 4 of of IN 34823 4951 5 securities security NNS 34823 4951 6 , , , 34823 4951 7 which which WDT 34823 4951 8 closed close VBD 34823 4951 9 the the DT 34823 4951 10 bourses bourse NNS 34823 4951 11 of of IN 34823 4951 12 the the DT 34823 4951 13 world world NN 34823 4951 14 , , , 34823 4951 15 grew grow VBD 34823 4951 16 out out IN 34823 4951 17 of of IN 34823 4951 18 men man NNS 34823 4951 19 's 's POS 34823 4951 20 efforts effort NNS 34823 4951 21 to to TO 34823 4951 22 get get VB 34823 4951 23 money money NN 34823 4951 24 and and CC 34823 4951 25 bank bank NN 34823 4951 26 - - HYPH 34823 4951 27 credit credit NN 34823 4951 28 as as IN 34823 4951 29 a a DT 34823 4951 30 " " `` 34823 4951 31 bearer bearer NN 34823 4951 32 of of IN 34823 4951 33 options option NNS 34823 4951 34 " " '' 34823 4951 35 for for IN 34823 4951 36 the the DT 34823 4951 37 old old JJ 34823 4951 38 reasons reason NNS 34823 4951 39 . . . 34823 4952 1 The the DT 34823 4952 2 old old JJ 34823 4952 3 reasons reason NNS 34823 4952 4 explain explain VBP 34823 4952 5 in in IN 34823 4952 6 large large JJ 34823 4952 7 measure measure NN 34823 4952 8 the the DT 34823 4952 9 accumulation accumulation NN 34823 4952 10 of of IN 34823 4952 11 gold gold NN 34823 4952 12 by by IN 34823 4952 13 the the DT 34823 4952 14 _ _ NNP 34823 4952 15 Banque Banque NNP 34823 4952 16 de de NNP 34823 4952 17 France France NNP 34823 4952 18 _ _ NNP 34823 4952 19 , , , 34823 4952 20 and and CC 34823 4952 21 by by IN 34823 4952 22 the the DT 34823 4952 23 German german JJ 34823 4952 24 Government Government NNP 34823 4952 25 , , , 34823 4952 26 referred refer VBD 34823 4952 27 to to IN 34823 4952 28 above above RB 34823 4952 29 . . . 34823 4953 1 But but CC 34823 4953 2 to to IN 34823 4953 3 - - HYPH 34823 4953 4 day day NN 34823 4953 5 , , , 34823 4953 6 in in IN 34823 4953 7 general general JJ 34823 4953 8 , , , 34823 4953 9 the the DT 34823 4953 10 main main JJ 34823 4953 11 purpose purpose NN 34823 4953 12 of of IN 34823 4953 13 those those DT 34823 4953 14 who who WP 34823 4953 15 use use VBP 34823 4953 16 money money NN 34823 4953 17 , , , 34823 4953 18 or or CC 34823 4953 19 other other JJ 34823 4953 20 things thing NNS 34823 4953 21 , , , 34823 4953 22 as as IN 34823 4953 23 a a DT 34823 4953 24 " " `` 34823 4953 25 bearer bearer NN 34823 4953 26 of of IN 34823 4953 27 options option NNS 34823 4953 28 " " '' 34823 4953 29 is be VBZ 34823 4953 30 to to TO 34823 4953 31 make make VB 34823 4953 32 gains gain NNS 34823 4953 33 , , , 34823 4953 34 or or CC 34823 4953 35 avoid avoid VB 34823 4953 36 losses loss NNS 34823 4953 37 , , , 34823 4953 38 in in IN 34823 4953 39 industry industry NN 34823 4953 40 and and CC 34823 4953 41 trade trade NN 34823 4953 42 . . . 34823 4954 1 The the DT 34823 4954 2 man man NN 34823 4954 3 who who WP 34823 4954 4 , , , 34823 4954 5 in in IN 34823 4954 6 a a DT 34823 4954 7 given give VBN 34823 4954 8 state state NN 34823 4954 9 of of IN 34823 4954 10 the the DT 34823 4954 11 market market NN 34823 4954 12 , , , 34823 4954 13 is be VBZ 34823 4954 14 afraid afraid JJ 34823 4954 15 to to TO 34823 4954 16 lend lend VB 34823 4954 17 , , , 34823 4954 18 or or CC 34823 4954 19 afraid afraid JJ 34823 4954 20 to to TO 34823 4954 21 invest invest VB 34823 4954 22 , , , 34823 4954 23 foregoes forego VBZ 34823 4954 24 the the DT 34823 4954 25 income income NN 34823 4954 26 which which WDT 34823 4954 27 lending lending NN 34823 4954 28 and and CC 34823 4954 29 investing investing NN 34823 4954 30 promise promise NN 34823 4954 31 , , , 34823 4954 32 and and CC 34823 4954 33 holds hold VBZ 34823 4954 34 his -PRON- PRP$ 34823 4954 35 money money NN 34823 4954 36 . . . 34823 4955 1 The the DT 34823 4955 2 man man NN 34823 4955 3 who who WP 34823 4955 4 sees see VBZ 34823 4955 5 uncertainty uncertainty NN 34823 4955 6 and and CC 34823 4955 7 fluctuation fluctuation NN 34823 4955 8 in in IN 34823 4955 9 the the DT 34823 4955 10 market market NN 34823 4955 11 , , , 34823 4955 12 and and CC 34823 4955 13 expects expect VBZ 34823 4955 14 them -PRON- PRP 34823 4955 15 to to TO 34823 4955 16 give give VB 34823 4955 17 him -PRON- PRP 34823 4955 18 bargains bargain NNS 34823 4955 19 in in IN 34823 4955 20 time time NN 34823 4955 21 , , , 34823 4955 22 foregoes forego VBZ 34823 4955 23 income income NN 34823 4955 24 for for IN 34823 4955 25 a a DT 34823 4955 26 time time NN 34823 4955 27 , , , 34823 4955 28 and and CC 34823 4955 29 holds hold VBZ 34823 4955 30 his -PRON- PRP$ 34823 4955 31 money money NN 34823 4955 32 . . . 34823 4956 1 The the DT 34823 4956 2 man man NN 34823 4956 3 who who WP 34823 4956 4 has have VBZ 34823 4956 5 investments investment NNS 34823 4956 6 of of IN 34823 4956 7 whose whose WP$ 34823 4956 8 future future NN 34823 4956 9 he -PRON- PRP 34823 4956 10 is be VBZ 34823 4956 11 uncertain uncertain JJ 34823 4956 12 , , , 34823 4956 13 and and CC 34823 4956 14 who who WP 34823 4956 15 fears fear VBZ 34823 4956 16 to to TO 34823 4956 17 try try VB 34823 4956 18 any any DT 34823 4956 19 other other JJ 34823 4956 20 investment investment NN 34823 4956 21 for for IN 34823 4956 22 a a DT 34823 4956 23 time time NN 34823 4956 24 , , , 34823 4956 25 sells sell VBZ 34823 4956 26 what what WP 34823 4956 27 he -PRON- PRP 34823 4956 28 has have VBZ 34823 4956 29 , , , 34823 4956 30 foregoes foregoe NNS 34823 4956 31 income income NN 34823 4956 32 , , , 34823 4956 33 and and CC 34823 4956 34 holds hold VBZ 34823 4956 35 his -PRON- PRP$ 34823 4956 36 money money NN 34823 4956 37 . . . 34823 4957 1 It -PRON- PRP 34823 4957 2 is be VBZ 34823 4957 3 not not RB 34823 4957 4 always always RB 34823 4957 5 possible possible JJ 34823 4957 6 , , , 34823 4957 7 in in IN 34823 4957 8 discussing discuss VBG 34823 4957 9 the the DT 34823 4957 10 money money NN 34823 4957 11 functions function NNS 34823 4957 12 , , , 34823 4957 13 to to TO 34823 4957 14 preserve preserve VB 34823 4957 15 the the DT 34823 4957 16 distinctions distinction NNS 34823 4957 17 between between IN 34823 4957 18 money money NN 34823 4957 19 and and CC 34823 4957 20 credit credit NN 34823 4957 21 , , , 34823 4957 22 or or CC 34823 4957 23 money money NN 34823 4957 24 and and CC 34823 4957 25 " " `` 34823 4957 26 money money NN 34823 4957 27 " " '' 34823 4957 28 in in IN 34823 4957 29 the the DT 34823 4957 30 money money NN 34823 4957 31 - - HYPH 34823 4957 32 market market NN 34823 4957 33 sense sense NN 34823 4957 34 . . . 34823 4958 1 How how WRB 34823 4958 2 much much JJ 34823 4958 3 difference difference NN 34823 4958 4 is be VBZ 34823 4958 5 made make VBN 34823 4958 6 by by IN 34823 4958 7 these these DT 34823 4958 8 distinctions distinction NNS 34823 4958 9 will will MD 34823 4958 10 best well RBS 34823 4958 11 be be VB 34823 4958 12 discussed discuss VBN 34823 4958 13 in in IN 34823 4958 14 our -PRON- PRP$ 34823 4958 15 chapter chapter NN 34823 4958 16 on on IN 34823 4958 17 " " `` 34823 4958 18 Credit Credit NNP 34823 4958 19 . . . 34823 4958 20 " " '' 34823 4959 1 The the DT 34823 4959 2 significance significance NN 34823 4959 3 of of IN 34823 4959 4 the the DT 34823 4959 5 " " `` 34823 4959 6 bearer bearer NN 34823 4959 7 of of IN 34823 4959 8 options option NNS 34823 4959 9 " " `` 34823 4959 10 function function NN 34823 4959 11 is be VBZ 34823 4959 12 especially especially RB 34823 4959 13 manifest manifest JJ 34823 4959 14 , , , 34823 4959 15 I -PRON- PRP 34823 4959 16 think think VBP 34823 4959 17 , , , 34823 4959 18 in in IN 34823 4959 19 connection connection NN 34823 4959 20 with with IN 34823 4959 21 call call JJ 34823 4959 22 loans loan NNS 34823 4959 23 . . . 34823 4960 1 The the DT 34823 4960 2 " " `` 34823 4960 3 call call NN 34823 4960 4 rate rate NN 34823 4960 5 " " '' 34823 4960 6 is be VBZ 34823 4960 7 commonly commonly RB 34823 4960 8 well well RB 34823 4960 9 below below IN 34823 4960 10 the the DT 34823 4960 11 regular regular JJ 34823 4960 12 " " `` 34823 4960 13 discount discount NN 34823 4960 14 rate rate NN 34823 4960 15 , , , 34823 4960 16 " " '' 34823 4960 17 or or CC 34823 4960 18 rate rate VB 34823 4960 19 for for IN 34823 4960 20 thirty thirty CD 34823 4960 21 - - HYPH 34823 4960 22 day day NN 34823 4960 23 , , , 34823 4960 24 sixty sixty CD 34823 4960 25 - - HYPH 34823 4960 26 day day NN 34823 4960 27 , , , 34823 4960 28 or or CC 34823 4960 29 ninety ninety CD 34823 4960 30 - - HYPH 34823 4960 31 day day NN 34823 4960 32 paper paper NN 34823 4960 33 . . . 34823 4961 1 The the DT 34823 4961 2 explanation explanation NN 34823 4961 3 is be VBZ 34823 4961 4 to to TO 34823 4961 5 be be VB 34823 4961 6 found find VBN 34823 4961 7 , , , 34823 4961 8 I -PRON- PRP 34823 4961 9 think think VBP 34823 4961 10 , , , 34823 4961 11 in in IN 34823 4961 12 the the DT 34823 4961 13 fact fact NN 34823 4961 14 that that IN 34823 4961 15 the the DT 34823 4961 16 lender lender NN 34823 4961 17 of of IN 34823 4961 18 call call NN 34823 4961 19 money money NN 34823 4961 20 does do VBZ 34823 4961 21 not not RB 34823 4961 22 entirely entirely RB 34823 4961 23 dispense dispense VB 34823 4961 24 with with IN 34823 4961 25 its -PRON- PRP$ 34823 4961 26 service service NN 34823 4961 27 . . . 34823 4962 1 He -PRON- PRP 34823 4962 2 reserves reserve VBZ 34823 4962 3 a a DT 34823 4962 4 part part NN 34823 4962 5 of of IN 34823 4962 6 the the DT 34823 4962 7 " " `` 34823 4962 8 bearer bearer NN 34823 4962 9 of of IN 34823 4962 10 options option NNS 34823 4962 11 " " '' 34823 4962 12 function function NN 34823 4962 13 . . . 34823 4963 1 To to TO 34823 4963 2 be be VB 34823 4963 3 sure sure JJ 34823 4963 4 , , , 34823 4963 5 he -PRON- PRP 34823 4963 6 will will MD 34823 4963 7 , , , 34823 4963 8 in in IN 34823 4963 9 practice practice NN 34823 4963 10 , , , 34823 4963 11 have have VBP 34823 4963 12 to to TO 34823 4963 13 wait wait VB 34823 4963 14 an an DT 34823 4963 15 hour hour NN 34823 4963 16 or or CC 34823 4963 17 two two CD 34823 4963 18 , , , 34823 4963 19 or or CC 34823 4963 20 even even RB 34823 4963 21 more more JJR 34823 4963 22 for for IN 34823 4963 23 it,[479 it,[479 NN 34823 4963 24 ] ] -RRB- 34823 4963 25 and and CC 34823 4963 26 this this DT 34823 4963 27 may may MD 34823 4963 28 well well RB 34823 4963 29 mean mean VB 34823 4963 30 that that IN 34823 4963 31 he -PRON- PRP 34823 4963 32 can can MD 34823 4963 33 not not RB 34823 4963 34 take take VB 34823 4963 35 full full JJ 34823 4963 36 advantage advantage NN 34823 4963 37 of of IN 34823 4963 38 an an DT 34823 4963 39 option option NN 34823 4963 40 . . . 34823 4964 1 But but CC 34823 4964 2 the the DT 34823 4964 3 right right NN 34823 4964 4 to to TO 34823 4964 5 demand demand VB 34823 4964 6 money money NN 34823 4964 7 on on IN 34823 4964 8 even even RB 34823 4964 9 twenty twenty CD 34823 4964 10 - - HYPH 34823 4964 11 four four CD 34823 4964 12 hours hour NNS 34823 4964 13 ' ' POS 34823 4964 14 notice notice NN 34823 4964 15 is be VBZ 34823 4964 16 more more RBR 34823 4964 17 available available JJ 34823 4964 18 than than IN 34823 4964 19 a a DT 34823 4964 20 high high JJ 34823 4964 21 - - HYPH 34823 4964 22 grade grade NN 34823 4964 23 bond bond NN 34823 4964 24 , , , 34823 4964 25 as as IN 34823 4964 26 a a DT 34823 4964 27 means means NN 34823 4964 28 of of IN 34823 4964 29 meeting meeting NN 34823 4964 30 rapidly rapidly RB 34823 4964 31 changing change VBG 34823 4964 32 situations situation NNS 34823 4964 33 . . . 34823 4965 1 This this DT 34823 4965 2 principle principle NN 34823 4965 3 will will MD 34823 4965 4 explain explain VB 34823 4965 5 , , , 34823 4965 6 too too RB 34823 4965 7 , , , 34823 4965 8 I -PRON- PRP 34823 4965 9 think think VBP 34823 4965 10 , , , 34823 4965 11 why why WRB 34823 4965 12 money money NN 34823 4965 13 - - HYPH 34823 4965 14 rates rate NNS 34823 4965 15 in in IN 34823 4965 16 general general JJ 34823 4965 17 , , , 34823 4965 18 including include VBG 34823 4965 19 even even RB 34823 4965 20 ninety ninety CD 34823 4965 21 - - HYPH 34823 4965 22 day day NN 34823 4965 23 paper paper NN 34823 4965 24 , , , 34823 4965 25 are be VBP 34823 4965 26 usually usually RB 34823 4965 27 lower low JJR 34823 4965 28 than than IN 34823 4965 29 the the DT 34823 4965 30 long long JJ 34823 4965 31 - - HYPH 34823 4965 32 time time NN 34823 4965 33 interest interest NN 34823 4965 34 rate rate NN 34823 4965 35 on on IN 34823 4965 36 safe safe JJ 34823 4965 37 farm farm NN 34823 4965 38 mortgages mortgage NNS 34823 4965 39 , , , 34823 4965 40 or or CC 34823 4965 41 on on IN 34823 4965 42 real real JJ 34823 4965 43 estate estate NN 34823 4965 44 mortgages mortgage NNS 34823 4965 45 in in IN 34823 4965 46 a a DT 34823 4965 47 city city NN 34823 4965 48 . . . 34823 4966 1 The the DT 34823 4966 2 thirty thirty CD 34823 4966 3 - - HYPH 34823 4966 4 day day NN 34823 4966 5 rate rate NN 34823 4966 6 will will MD 34823 4966 7 commonly commonly RB 34823 4966 8 be be VB 34823 4966 9 lower low JJR 34823 4966 10 than than IN 34823 4966 11 the the DT 34823 4966 12 sixty- sixty- JJ 34823 4966 13 or or CC 34823 4966 14 ninety ninety CD 34823 4966 15 - - HYPH 34823 4966 16 day day NN 34823 4966 17 rate rate NN 34823 4966 18 -- -- : 34823 4966 19 though though IN 34823 4966 20 exceptions exception NNS 34823 4966 21 can can MD 34823 4966 22 easily easily RB 34823 4966 23 be be VB 34823 4966 24 found find VBN 34823 4966 25 , , , 34823 4966 26 if if IN 34823 4966 27 the the DT 34823 4966 28 thirty thirty CD 34823 4966 29 - - HYPH 34823 4966 30 day day NN 34823 4966 31 period period NN 34823 4966 32 is be VBZ 34823 4966 33 to to TO 34823 4966 34 cover cover VB 34823 4966 35 a a DT 34823 4966 36 time time NN 34823 4966 37 of of IN 34823 4966 38 active active JJ 34823 4966 39 business business NN 34823 4966 40 , , , 34823 4966 41 which which WDT 34823 4966 42 is be VBZ 34823 4966 43 expected expect VBN 34823 4966 44 to to TO 34823 4966 45 grow grow VB 34823 4966 46 less less RBR 34823 4966 47 active active JJ 34823 4966 48 during during IN 34823 4966 49 the the DT 34823 4966 50 second second JJ 34823 4966 51 or or CC 34823 4966 52 third third JJ 34823 4966 53 month month NN 34823 4966 54 . . . 34823 4967 1 The the DT 34823 4967 2 influence influence NN 34823 4967 3 of of IN 34823 4967 4 the the DT 34823 4967 5 bearer bearer NN 34823 4967 6 of of IN 34823 4967 7 options option NNS 34823 4967 8 functions function NNS 34823 4967 9 is be VBZ 34823 4967 10 not not RB 34823 4967 11 the the DT 34823 4967 12 only only JJ 34823 4967 13 influence influence NN 34823 4967 14 at at IN 34823 4967 15 work work NN 34823 4967 16 on on IN 34823 4967 17 the the DT 34823 4967 18 rates rate NNS 34823 4967 19 . . . 34823 4968 1 If if IN 34823 4968 2 it -PRON- PRP 34823 4968 3 be be VB 34823 4968 4 objected object VBN 34823 4968 5 that that IN 34823 4968 6 the the DT 34823 4968 7 long long JJ 34823 4968 8 - - HYPH 34823 4968 9 time time NN 34823 4968 10 interest interest NN 34823 4968 11 rate rate NN 34823 4968 12 on on IN 34823 4968 13 high high JJ 34823 4968 14 grade grade NN 34823 4968 15 railroad railroad NN 34823 4968 16 bonds bond NNS 34823 4968 17 or or CC 34823 4968 18 government government NN 34823 4968 19 securities security NNS 34823 4968 20 is be VBZ 34823 4968 21 sometimes sometimes RB 34823 4968 22 lower low JJR 34823 4968 23 than than IN 34823 4968 24 current current JJ 34823 4968 25 money money NN 34823 4968 26 - - HYPH 34823 4968 27 rates rate NNS 34823 4968 28 , , , 34823 4968 29 or or CC 34823 4968 30 just just RB 34823 4968 31 as as RB 34823 4968 32 low low JJ 34823 4968 33 , , , 34823 4968 34 the the DT 34823 4968 35 answer answer NN 34823 4968 36 is be VBZ 34823 4968 37 that that IN 34823 4968 38 these these DT 34823 4968 39 bonds bond NNS 34823 4968 40 also also RB 34823 4968 41 share share VBP 34823 4968 42 the the DT 34823 4968 43 " " `` 34823 4968 44 bearer bearer NN 34823 4968 45 of of IN 34823 4968 46 options option NNS 34823 4968 47 " " `` 34823 4968 48 function function NN 34823 4968 49 , , , 34823 4968 50 and and CC 34823 4968 51 that that IN 34823 4968 52 the the DT 34823 4968 53 interest interest NN 34823 4968 54 rate rate NN 34823 4968 55 on on IN 34823 4968 56 them -PRON- PRP 34823 4968 57 is be VBZ 34823 4968 58 , , , 34823 4968 59 like like IN 34823 4968 60 the the DT 34823 4968 61 money money NN 34823 4968 62 - - HYPH 34823 4968 63 rate rate NN 34823 4968 64 , , , 34823 4968 65 lower low JJR 34823 4968 66 than than IN 34823 4968 67 the the DT 34823 4968 68 " " `` 34823 4968 69 pure pure JJ 34823 4968 70 rate rate NN 34823 4968 71 " " '' 34823 4968 72 of of IN 34823 4968 73 interest interest NN 34823 4968 74 . . . 34823 4969 1 Writers[480 writers[480 CD 34823 4969 2 ] ] -RRB- 34823 4969 3 have have VBP 34823 4969 4 been be VBN 34823 4969 5 accustomed accustom VBN 34823 4969 6 to to TO 34823 4969 7 look look VB 34823 4969 8 for for IN 34823 4969 9 the the DT 34823 4969 10 " " `` 34823 4969 11 pure pure JJ 34823 4969 12 rate rate NN 34823 4969 13 " " '' 34823 4969 14 of of IN 34823 4969 15 interest interest NN 34823 4969 16 , , , 34823 4969 17 _ _ NNP 34823 4969 18 i. i. NNP 34823 4970 1 e. e. NNP 34823 4970 2 _ _ NNP 34823 4970 3 , , , 34823 4970 4 an an DT 34823 4970 5 interest interest NN 34823 4970 6 unmixed unmixe VBN 34823 4970 7 with with IN 34823 4970 8 insurance insurance NN 34823 4970 9 for for IN 34823 4970 10 risk risk NN 34823 4970 11 , , , 34823 4970 12 in in IN 34823 4970 13 the the DT 34823 4970 14 highest high JJS 34823 4970 15 grade grade NN 34823 4970 16 of of IN 34823 4970 17 government government NN 34823 4970 18 securities security NNS 34823 4970 19 . . . 34823 4971 1 I -PRON- PRP 34823 4971 2 think think VBP 34823 4971 3 that that IN 34823 4971 4 this this DT 34823 4971 5 is be VBZ 34823 4971 6 a a DT 34823 4971 7 mistake mistake NN 34823 4971 8 . . . 34823 4972 1 I -PRON- PRP 34823 4972 2 think think VBP 34823 4972 3 that that IN 34823 4972 4 the the DT 34823 4972 5 " " `` 34823 4972 6 pure pure JJ 34823 4972 7 rate rate NN 34823 4972 8 " " '' 34823 4972 9 should should MD 34823 4972 10 be be VB 34823 4972 11 sought seek VBN 34823 4972 12 in in IN 34823 4972 13 long long JJ 34823 4972 14 - - HYPH 34823 4972 15 time time NN 34823 4972 16 loans loan NNS 34823 4972 17 , , , 34823 4972 18 of of IN 34823 4972 19 assured assure VBN 34823 4972 20 safety safety NN 34823 4972 21 , , , 34823 4972 22 which which WDT 34823 4972 23 lack lack VBP 34823 4972 24 a a DT 34823 4972 25 general general JJ 34823 4972 26 market market NN 34823 4972 27 . . . 34823 4973 1 Such such JJ 34823 4973 2 loans loan NNS 34823 4973 3 , , , 34823 4973 4 _ _ NNP 34823 4973 5 at at IN 34823 4973 6 the the DT 34823 4973 7 time time NN 34823 4973 8 they -PRON- PRP 34823 4973 9 are be VBP 34823 4973 10 made make VBN 34823 4973 11 _ _ NNP 34823 4973 12 , , , 34823 4973 13 should should MD 34823 4973 14 represent represent VB 34823 4973 15 the the DT 34823 4973 16 " " `` 34823 4973 17 pure pure JJ 34823 4973 18 rate rate NN 34823 4973 19 " " '' 34823 4973 20 _ _ NNP 34823 4973 21 for for IN 34823 4973 22 that that DT 34823 4973 23 time time NN 34823 4973 24 _ _ NNP 34823 4973 25 . . . 34823 4974 1 [ [ -LRB- 34823 4974 2 481 481 CD 34823 4974 3 ] ] -RRB- 34823 4974 4 I -PRON- PRP 34823 4974 5 shall shall MD 34823 4974 6 recur recur VB 34823 4974 7 to to IN 34823 4974 8 the the DT 34823 4974 9 question question NN 34823 4974 10 of of IN 34823 4974 11 the the DT 34823 4974 12 money money NN 34823 4974 13 - - HYPH 34823 4974 14 rates rate NNS 34823 4974 15 , , , 34823 4974 16 and and CC 34823 4974 17 the the DT 34823 4974 18 question question NN 34823 4974 19 of of IN 34823 4974 20 the the DT 34823 4974 21 relation relation NN 34823 4974 22 of of IN 34823 4974 23 the the DT 34823 4974 24 money money NN 34823 4974 25 - - HYPH 34823 4974 26 rates rate NNS 34823 4974 27 to to IN 34823 4974 28 the the DT 34823 4974 29 general general JJ 34823 4974 30 rate rate NN 34823 4974 31 of of IN 34823 4974 32 interest interest NN 34823 4974 33 , , , 34823 4974 34 in in IN 34823 4974 35 the the DT 34823 4974 36 chapter chapter NN 34823 4974 37 on on IN 34823 4974 38 " " `` 34823 4974 39 Credit Credit NNP 34823 4974 40 . . . 34823 4974 41 " " '' 34823 4975 1 For for IN 34823 4975 2 the the DT 34823 4975 3 present present NN 34823 4975 4 I -PRON- PRP 34823 4975 5 would would MD 34823 4975 6 call call VB 34823 4975 7 attention attention NN 34823 4975 8 to to IN 34823 4975 9 the the DT 34823 4975 10 interesting interesting JJ 34823 4975 11 case case NN 34823 4975 12 of of IN 34823 4975 13 Austria Austria NNP 34823 4975 14 , , , 34823 4975 15 where where WRB 34823 4975 16 the the DT 34823 4975 17 money money NN 34823 4975 18 - - HYPH 34823 4975 19 rates rate NNS 34823 4975 20 are be VBP 34823 4975 21 normally normally RB 34823 4975 22 very very RB 34823 4975 23 low low JJ 34823 4975 24 , , , 34823 4975 25 because because IN 34823 4975 26 the the DT 34823 4975 27 volume volume NN 34823 4975 28 of of IN 34823 4975 29 commerce commerce NN 34823 4975 30 and and CC 34823 4975 31 speculation speculation NN 34823 4975 32 is be VBZ 34823 4975 33 small small JJ 34823 4975 34 , , , 34823 4975 35 and and CC 34823 4975 36 the the DT 34823 4975 37 volume volume NN 34823 4975 38 of of IN 34823 4975 39 banking banking NN 34823 4975 40 capital capital NN 34823 4975 41 , , , 34823 4975 42 politically politically RB 34823 4975 43 fostered foster VBN 34823 4975 44 , , , 34823 4975 45 is be VBZ 34823 4975 46 large large JJ 34823 4975 47 ; ; : 34823 4975 48 and and CC 34823 4975 49 where where WRB 34823 4975 50 , , , 34823 4975 51 on on IN 34823 4975 52 the the DT 34823 4975 53 other other JJ 34823 4975 54 hand hand NN 34823 4975 55 , , , 34823 4975 56 the the DT 34823 4975 57 general general JJ 34823 4975 58 rate rate NN 34823 4975 59 of of IN 34823 4975 60 interest interest NN 34823 4975 61 on on IN 34823 4975 62 long long JJ 34823 4975 63 - - HYPH 34823 4975 64 time time NN 34823 4975 65 loans loan NNS 34823 4975 66 is be VBZ 34823 4975 67 high high JJ 34823 4975 68 , , , 34823 4975 69 owing owe VBG 34823 4975 70 to to IN 34823 4975 71 the the DT 34823 4975 72 scarcity scarcity NN 34823 4975 73 of of IN 34823 4975 74 capital capital NN 34823 4975 75 in in IN 34823 4975 76 industry industry NN 34823 4975 77 and and CC 34823 4975 78 agriculture agriculture NN 34823 4975 79 , , , 34823 4975 80 as as IN 34823 4975 81 distinguished distinguish VBN 34823 4975 82 from from IN 34823 4975 83 commerce commerce NN 34823 4975 84 . . . 34823 4976 1 [ [ -LRB- 34823 4976 2 482 482 CD 34823 4976 3 ] ] -RRB- 34823 4976 4 This this DT 34823 4976 5 case case NN 34823 4976 6 may may MD 34823 4976 7 illustrate illustrate VB 34823 4976 8 , , , 34823 4976 9 incidentally incidentally RB 34823 4976 10 , , , 34823 4976 11 that that IN 34823 4976 12 even even RB 34823 4976 13 as as IN 34823 4976 14 a a DT 34823 4976 15 " " `` 34823 4976 16 long long JJ 34823 4976 17 run run NN 34823 4976 18 " " '' 34823 4976 19 or or CC 34823 4976 20 " " `` 34823 4976 21 normal normal JJ 34823 4976 22 " " '' 34823 4976 23 tendency tendency NN 34823 4976 24 , , , 34823 4976 25 an an DT 34823 4976 26 excess excess NN 34823 4976 27 of of IN 34823 4976 28 currency currency NN 34823 4976 29 in in IN 34823 4976 30 a a DT 34823 4976 31 country country NN 34823 4976 32 may may MD 34823 4976 33 lead lead VB 34823 4976 34 , , , 34823 4976 35 not not RB 34823 4976 36 , , , 34823 4976 37 as as IN 34823 4976 38 the the DT 34823 4976 39 quantity quantity NN 34823 4976 40 theorists theorist NNS 34823 4976 41 contend contend VBP 34823 4976 42 , , , 34823 4976 43 to to IN 34823 4976 44 high high JJ 34823 4976 45 prices price NNS 34823 4976 46 , , , 34823 4976 47 but but CC 34823 4976 48 rather rather RB 34823 4976 49 to to IN 34823 4976 50 low low JJ 34823 4976 51 money money NN 34823 4976 52 - - HYPH 34823 4976 53 rates rate NNS 34823 4976 54 . . . 34823 4977 1 Austria Austria NNP 34823 4977 2 presents present VBZ 34823 4977 3 simply simply RB 34823 4977 4 a a DT 34823 4977 5 striking striking JJ 34823 4977 6 case case NN 34823 4977 7 of of IN 34823 4977 8 what what WP 34823 4977 9 I -PRON- PRP 34823 4977 10 should should MD 34823 4977 11 regard regard VB 34823 4977 12 as as IN 34823 4977 13 the the DT 34823 4977 14 general general JJ 34823 4977 15 tendency tendency NN 34823 4977 16 . . . 34823 4978 1 The the DT 34823 4978 2 money money NN 34823 4978 3 - - HYPH 34823 4978 4 rates rate NNS 34823 4978 5 and and CC 34823 4978 6 the the DT 34823 4978 7 interest interest NN 34823 4978 8 - - HYPH 34823 4978 9 rates rate NNS 34823 4978 10 tend tend VBP 34823 4978 11 to to TO 34823 4978 12 approach approach VB 34823 4978 13 one one CD 34823 4978 14 another another DT 34823 4978 15 to to IN 34823 4978 16 the the DT 34823 4978 17 extent extent NN 34823 4978 18 that that IN 34823 4978 19 paper paper NN 34823 4978 20 representatives representative NNS 34823 4978 21 of of IN 34823 4978 22 many many JJ 34823 4978 23 different different JJ 34823 4978 24 industries industry NNS 34823 4978 25 get get VBP 34823 4978 26 into into IN 34823 4978 27 the the DT 34823 4978 28 " " `` 34823 4978 29 money money NN 34823 4978 30 market"--to market"--to NNP 34823 4978 31 the the DT 34823 4978 32 extent extent NN 34823 4978 33 that that IN 34823 4978 34 industrial industrial JJ 34823 4978 35 investments investment NNS 34823 4978 36 in in IN 34823 4978 37 general general JJ 34823 4978 38 become become VB 34823 4978 39 saleable saleable JJ 34823 4978 40 enough enough RB 34823 4978 41 for for IN 34823 4978 42 it -PRON- PRP 34823 4978 43 to to TO 34823 4978 44 be be VB 34823 4978 45 safe safe JJ 34823 4978 46 to to TO 34823 4978 47 finance finance VB 34823 4978 48 them -PRON- PRP 34823 4978 49 by by IN 34823 4978 50 means mean NNS 34823 4978 51 of of IN 34823 4978 52 short short JJ 34823 4978 53 - - HYPH 34823 4978 54 time time NN 34823 4978 55 banking banking NN 34823 4978 56 credit credit NN 34823 4978 57 . . . 34823 4979 1 When when WRB 34823 4979 2 banks bank NNS 34823 4979 3 lend lend VBP 34823 4979 4 on on IN 34823 4979 5 collateral collateral JJ 34823 4979 6 security security NN 34823 4979 7 of of IN 34823 4979 8 corporation corporation NN 34823 4979 9 stocks stock NNS 34823 4979 10 to to IN 34823 4979 11 the the DT 34823 4979 12 buyers buyer NNS 34823 4979 13 of of IN 34823 4979 14 those those DT 34823 4979 15 stocks stock NNS 34823 4979 16 , , , 34823 4979 17 they -PRON- PRP 34823 4979 18 are be VBP 34823 4979 19 , , , 34823 4979 20 in in IN 34823 4979 21 effect effect NN 34823 4979 22 , , , 34823 4979 23 financing finance VBG 34823 4979 24 the the DT 34823 4979 25 corporation corporation NN 34823 4979 26 itself -PRON- PRP 34823 4979 27 . . . 34823 4980 1 [ [ -LRB- 34823 4980 2 483 483 CD 34823 4980 3 ] ] -RRB- 34823 4980 4 Industries industry NNS 34823 4980 5 differ differ VBP 34823 4980 6 widely widely RB 34823 4980 7 in in IN 34823 4980 8 the the DT 34823 4980 9 extent extent NN 34823 4980 10 to to TO 34823 4980 11 which which WDT 34823 4980 12 they -PRON- PRP 34823 4980 13 depend depend VBP 34823 4980 14 on on IN 34823 4980 15 the the DT 34823 4980 16 money money NN 34823 4980 17 market market NN 34823 4980 18 for for IN 34823 4980 19 their -PRON- PRP$ 34823 4980 20 finances finance NNS 34823 4980 21 . . . 34823 4981 1 The the DT 34823 4981 2 difference difference NN 34823 4981 3 depends depend VBZ 34823 4981 4 often often RB 34823 4981 5 less less JJR 34823 4981 6 on on IN 34823 4981 7 the the DT 34823 4981 8 nature nature NN 34823 4981 9 of of IN 34823 4981 10 the the DT 34823 4981 11 industry industry NN 34823 4981 12 than than IN 34823 4981 13 on on IN 34823 4981 14 the the DT 34823 4981 15 type type NN 34823 4981 16 of of IN 34823 4981 17 the the DT 34823 4981 18 industrial industrial JJ 34823 4981 19 organization organization NN 34823 4981 20 . . . 34823 4982 1 An an DT 34823 4982 2 individual individual JJ 34823 4982 3 farmer farmer NN 34823 4982 4 can can MD 34823 4982 5 not not RB 34823 4982 6 get get VB 34823 4982 7 the the DT 34823 4982 8 bulk bulk NN 34823 4982 9 of of IN 34823 4982 10 his -PRON- PRP$ 34823 4982 11 credit credit NN 34823 4982 12 that that DT 34823 4982 13 way way NN 34823 4982 14 ! ! . 34823 4983 1 But but CC 34823 4983 2 there there EX 34823 4983 3 is be VBZ 34823 4983 4 no no DT 34823 4983 5 reason reason NN 34823 4983 6 why why WRB 34823 4983 7 a a DT 34823 4983 8 well well RB 34823 4983 9 - - HYPH 34823 4983 10 organized organize VBN 34823 4983 11 corporation corporation NN 34823 4983 12 , , , 34823 4983 13 assuming assume VBG 34823 4983 14 it -PRON- PRP 34823 4983 15 successful successful JJ 34823 4983 16 in in IN 34823 4983 17 agriculture agriculture NN 34823 4983 18 , , , 34823 4983 19 might may MD 34823 4983 20 not not RB 34823 4983 21 draw draw VB 34823 4983 22 on on IN 34823 4983 23 the the DT 34823 4983 24 money money NN 34823 4983 25 market market NN 34823 4983 26 , , , 34823 4983 27 even even RB 34823 4983 28 if if IN 34823 4983 29 not not RB 34823 4983 30 so so RB 34823 4983 31 freely freely RB 34823 4983 32 as as IN 34823 4983 33 a a DT 34823 4983 34 manufacturing manufacturing NN 34823 4983 35 corporation corporation NN 34823 4983 36 does do VBZ 34823 4983 37 . . . 34823 4984 1 For for IN 34823 4984 2 the the DT 34823 4984 3 contention contention NN 34823 4984 4 that that IN 34823 4984 5 the the DT 34823 4984 6 money money NN 34823 4984 7 - - HYPH 34823 4984 8 rates rate NNS 34823 4984 9 for for IN 34823 4984 10 short short JJ 34823 4984 11 periods period NNS 34823 4984 12 are be VBP 34823 4984 13 lower low JJR 34823 4984 14 on on IN 34823 4984 15 the the DT 34823 4984 16 average average NN 34823 4984 17 than than IN 34823 4984 18 the the DT 34823 4984 19 rates rate NNS 34823 4984 20 on on IN 34823 4984 21 longer long JJR 34823 4984 22 loans loan NNS 34823 4984 23 , , , 34823 4984 24 and and CC 34823 4984 25 that that IN 34823 4984 26 the the DT 34823 4984 27 call call NN 34823 4984 28 rates rate NNS 34823 4984 29 are be VBP 34823 4984 30 , , , 34823 4984 31 on on IN 34823 4984 32 the the DT 34823 4984 33 average average NN 34823 4984 34 , , , 34823 4984 35 well well RB 34823 4984 36 below below IN 34823 4984 37 all all DT 34823 4984 38 time time NN 34823 4984 39 rates rate NNS 34823 4984 40 , , , 34823 4984 41 there there EX 34823 4984 42 is be VBZ 34823 4984 43 abundant abundant JJ 34823 4984 44 statistical statistical JJ 34823 4984 45 evidence evidence NN 34823 4984 46 . . . 34823 4985 1 From from IN 34823 4985 2 1890 1890 CD 34823 4985 3 to to IN 34823 4985 4 1899 1899 CD 34823 4985 5 in in IN 34823 4985 6 New New NNP 34823 4985 7 York York NNP 34823 4985 8 City City NNP 34823 4985 9 , , , 34823 4985 10 the the DT 34823 4985 11 average average JJ 34823 4985 12 rate rate NN 34823 4985 13 on on IN 34823 4985 14 4- 4- NNS 34823 4985 15 to to IN 34823 4985 16 6-month 6-month CD 34823 4985 17 paper paper NN 34823 4985 18 was be VBD 34823 4985 19 5.99 5.99 CD 34823 4985 20 % % NN 34823 4985 21 ; ; : 34823 4985 22 the the DT 34823 4985 23 average average JJ 34823 4985 24 rate rate NN 34823 4985 25 on on IN 34823 4985 26 60- 60- CD 34823 4985 27 to to IN 34823 4985 28 90-day 90-day CD 34823 4985 29 paper paper NN 34823 4985 30 was be VBD 34823 4985 31 4.58 4.58 CD 34823 4985 32 % % NN 34823 4985 33 ; ; : 34823 4985 34 the the DT 34823 4985 35 average average JJ 34823 4985 36 call call NN 34823 4985 37 rate rate NN 34823 4985 38 was be VBD 34823 4985 39 3.29 3.29 CD 34823 4985 40 % % NN 34823 4985 41 . . . 34823 4986 1 In in IN 34823 4986 2 the the DT 34823 4986 3 same same JJ 34823 4986 4 city city NN 34823 4986 5 , , , 34823 4986 6 for for IN 34823 4986 7 the the DT 34823 4986 8 period period NN 34823 4986 9 from from IN 34823 4986 10 1900 1900 CD 34823 4986 11 to to IN 34823 4986 12 1909 1909 CD 34823 4986 13 , , , 34823 4986 14 the the DT 34823 4986 15 averages average NNS 34823 4986 16 were be VBD 34823 4986 17 : : : 34823 4986 18 4- 4- CD 34823 4986 19 to to IN 34823 4986 20 6-month 6-month CD 34823 4986 21 paper paper NN 34823 4986 22 , , , 34823 4986 23 5.61 5.61 CD 34823 4986 24 % % NN 34823 4986 25 ; ; : 34823 4986 26 60- 60- LS 34823 4986 27 to to IN 34823 4986 28 90-day 90-day CD 34823 4986 29 paper paper NN 34823 4986 30 , , , 34823 4986 31 4.78 4.78 CD 34823 4986 32 % % NN 34823 4986 33 ; ; , 34823 4986 34 call call NN 34823 4986 35 rate rate NN 34823 4986 36 , , , 34823 4986 37 4.05 4.05 CD 34823 4986 38 % % NN 34823 4986 39 . . . 34823 4987 1 [ [ -LRB- 34823 4987 2 484 484 CD 34823 4987 3 ] ] -RRB- 34823 4987 4 This this DT 34823 4987 5 last last JJ 34823 4987 6 figure figure NN 34823 4987 7 for for IN 34823 4987 8 call call NN 34823 4987 9 loans loan NNS 34823 4987 10 represents represent VBZ 34823 4987 11 an an DT 34823 4987 12 average average NN 34823 4987 13 of of IN 34823 4987 14 quotations quotation NNS 34823 4987 15 at at IN 34823 4987 16 the the DT 34823 4987 17 " " `` 34823 4987 18 Money Money NNP 34823 4987 19 Post Post NNP 34823 4987 20 " " '' 34823 4987 21 at at IN 34823 4987 22 the the DT 34823 4987 23 Stock Stock NNP 34823 4987 24 Exchange Exchange NNP 34823 4987 25 . . . 34823 4988 1 While while IN 34823 4988 2 normally normally RB 34823 4988 3 the the DT 34823 4988 4 call call NN 34823 4988 5 rates rate NNS 34823 4988 6 are be VBP 34823 4988 7 well well RB 34823 4988 8 below below IN 34823 4988 9 this this DT 34823 4988 10 , , , 34823 4988 11 occasional occasional JJ 34823 4988 12 high high JJ 34823 4988 13 figures figure NNS 34823 4988 14 , , , 34823 4988 15 like like IN 34823 4988 16 those those DT 34823 4988 17 in in IN 34823 4988 18 1907 1907 CD 34823 4988 19 , , , 34823 4988 20 pull pull VB 34823 4988 21 this this DT 34823 4988 22 average average NN 34823 4988 23 up up RP 34823 4988 24 . . . 34823 4989 1 The the DT 34823 4989 2 high high JJ 34823 4989 3 rates rate NNS 34823 4989 4 at at IN 34823 4989 5 the the DT 34823 4989 6 " " `` 34823 4989 7 Money Money NNP 34823 4989 8 Post Post NNP 34823 4989 9 , , , 34823 4989 10 " " '' 34823 4989 11 however however RB 34823 4989 12 , , , 34823 4989 13 are be VBP 34823 4989 14 not not RB 34823 4989 15 always always RB 34823 4989 16 representative representative JJ 34823 4989 17 . . . 34823 4990 1 Banks bank NNS 34823 4990 2 frequently frequently RB 34823 4990 3 do do VBP 34823 4990 4 not not RB 34823 4990 5 charge charge VB 34823 4990 6 their -PRON- PRP$ 34823 4990 7 regular regular JJ 34823 4990 8 customers customer NNS 34823 4990 9 as as RB 34823 4990 10 much much RB 34823 4990 11 as as IN 34823 4990 12 the the DT 34823 4990 13 quoted quote VBN 34823 4990 14 rates rate NNS 34823 4990 15 . . . 34823 4991 1 Even even RB 34823 4991 2 more more RBR 34823 4991 3 detailed detailed JJ 34823 4991 4 evidence evidence NN 34823 4991 5 for for IN 34823 4991 6 our -PRON- PRP$ 34823 4991 7 thesis thesis NN 34823 4991 8 is be VBZ 34823 4991 9 to to TO 34823 4991 10 be be VB 34823 4991 11 found find VBN 34823 4991 12 in in IN 34823 4991 13 W. W. NNP 34823 4991 14 A. a. NN 34823 4991 15 Scott Scott NNP 34823 4991 16 's 's POS 34823 4991 17 investigation investigation NN 34823 4991 18 of of IN 34823 4991 19 New New NNP 34823 4991 20 York York NNP 34823 4991 21 money money NN 34823 4991 22 - - HYPH 34823 4991 23 rates rate NNS 34823 4991 24 , , , 34823 4991 25 for for IN 34823 4991 26 the the DT 34823 4991 27 period period NN 34823 4991 28 , , , 34823 4991 29 1896 1896 CD 34823 4991 30 - - SYM 34823 4991 31 1906 1906 CD 34823 4991 32 . . . 34823 4992 1 [ [ -LRB- 34823 4992 2 485 485 CD 34823 4992 3 ] ] -RRB- 34823 4992 4 He -PRON- PRP 34823 4992 5 studies study VBZ 34823 4992 6 _ _ NNP 34823 4992 7 two two CD 34823 4992 8 _ _ NNP 34823 4992 9 sets set NNS 34823 4992 10 of of IN 34823 4992 11 quotations quotation NNS 34823 4992 12 for for IN 34823 4992 13 call call JJ 34823 4992 14 loans loan NNS 34823 4992 15 , , , 34823 4992 16 those those DT 34823 4992 17 at at IN 34823 4992 18 the the DT 34823 4992 19 Stock Stock NNP 34823 4992 20 Exchange Exchange NNP 34823 4992 21 " " `` 34823 4992 22 Money Money NNP 34823 4992 23 Post Post NNP 34823 4992 24 " " '' 34823 4992 25 and and CC 34823 4992 26 those those DT 34823 4992 27 at at IN 34823 4992 28 the the DT 34823 4992 29 banks bank NNS 34823 4992 30 and and CC 34823 4992 31 trust trust NN 34823 4992 32 companies company NNS 34823 4992 33 ; ; : 34823 4992 34 _ _ NNP 34823 4992 35 seven seven CD 34823 4992 36 _ _ NNP 34823 4992 37 sets set NNS 34823 4992 38 of of IN 34823 4992 39 quotations quotation NNS 34823 4992 40 ( ( -LRB- 34823 4992 41 five five CD 34823 4992 42 of of IN 34823 4992 43 which which WDT 34823 4992 44 appear appear VBP 34823 4992 45 regularly regularly RB 34823 4992 46 ) ) -RRB- 34823 4992 47 under under IN 34823 4992 48 the the DT 34823 4992 49 head head NN 34823 4992 50 of of IN 34823 4992 51 " " `` 34823 4992 52 time time NN 34823 4992 53 loans loan NNS 34823 4992 54 , , , 34823 4992 55 " " '' 34823 4992 56 namely namely RB 34823 4992 57 , , , 34823 4992 58 30- 30- CD 34823 4992 59 , , , 34823 4992 60 60- 60- NNP 34823 4992 61 , , , 34823 4992 62 90-day 90-day CD 34823 4992 63 , , , 34823 4992 64 and and CC 34823 4992 65 4- 4- UH 34823 4992 66 , , . 34823 4992 67 5- 5- UH 34823 4992 68 , , , 34823 4992 69 6- 6- NNPS 34823 4992 70 , , , 34823 4992 71 and and CC 34823 4992 72 7-month 7-month CD 34823 4992 73 ; ; : 34823 4992 74 and and CC 34823 4992 75 _ _ NNP 34823 4992 76 three three CD 34823 4992 77 _ _ NNP 34823 4992 78 under under IN 34823 4992 79 the the DT 34823 4992 80 head head NN 34823 4992 81 of of IN 34823 4992 82 " " `` 34823 4992 83 commercial commercial JJ 34823 4992 84 paper paper NN 34823 4992 85 , , , 34823 4992 86 " " '' 34823 4992 87 namely namely RB 34823 4992 88 , , , 34823 4992 89 double double JJ 34823 4992 90 name name NN 34823 4992 91 choice choice NN 34823 4992 92 60- 60- CD 34823 4992 93 to to IN 34823 4992 94 90-days 90-days CD 34823 4992 95 , , , 34823 4992 96 and and CC 34823 4992 97 two two CD 34823 4992 98 varieties variety NNS 34823 4992 99 of of IN 34823 4992 100 single single JJ 34823 4992 101 name name NN 34823 4992 102 paper paper NN 34823 4992 103 . . . 34823 4993 1 He -PRON- PRP 34823 4993 2 finds find VBZ 34823 4993 3 a a DT 34823 4993 4 clear clear JJ 34823 4993 5 tendency tendency NN 34823 4993 6 for for IN 34823 4993 7 the the DT 34823 4993 8 rate rate NN 34823 4993 9 to to TO 34823 4993 10 vary vary VB 34823 4993 11 with with IN 34823 4993 12 the the DT 34823 4993 13 length length NN 34823 4993 14 of of IN 34823 4993 15 the the DT 34823 4993 16 loan loan NN 34823 4993 17 , , , 34823 4993 18 although although IN 34823 4993 19 noting note VBG 34823 4993 20 many many JJ 34823 4993 21 exceptions exception NNS 34823 4993 22 . . . 34823 4994 1 " " `` 34823 4994 2 The the DT 34823 4994 3 difference difference NN 34823 4994 4 between between IN 34823 4994 5 these these DT 34823 4994 6 quotations quotation NNS 34823 4994 7 rarely rarely RB 34823 4994 8 exceeds exceed VBZ 34823 4994 9 one one CD 34823 4994 10 - - HYPH 34823 4994 11 half half NN 34823 4994 12 of of IN 34823 4994 13 one one CD 34823 4994 14 percent percent NN 34823 4994 15 , , , 34823 4994 16 and and CC 34823 4994 17 the the DT 34823 4994 18 general general JJ 34823 4994 19 rule rule NN 34823 4994 20 seems seem VBZ 34823 4994 21 to to TO 34823 4994 22 be be VB 34823 4994 23 that that IN 34823 4994 24 the the DT 34823 4994 25 influence influence NN 34823 4994 26 of of IN 34823 4994 27 time time NN 34823 4994 28 in in IN 34823 4994 29 raising raise VBG 34823 4994 30 the the DT 34823 4994 31 rate rate NN 34823 4994 32 grows grow VBZ 34823 4994 33 less less JJR 34823 4994 34 as as IN 34823 4994 35 the the DT 34823 4994 36 length length NN 34823 4994 37 of of IN 34823 4994 38 the the DT 34823 4994 39 loan loan NN 34823 4994 40 increases increase NNS 34823 4994 41 . . . 34823 4995 1 For for IN 34823 4995 2 example example NN 34823 4995 3 , , , 34823 4995 4 there there EX 34823 4995 5 is be VBZ 34823 4995 6 apt apt JJ 34823 4995 7 to to TO 34823 4995 8 be be VB 34823 4995 9 a a DT 34823 4995 10 greater great JJR 34823 4995 11 difference difference NN 34823 4995 12 between between IN 34823 4995 13 the the DT 34823 4995 14 quotations quotation NNS 34823 4995 15 of of IN 34823 4995 16 60-and 60-and CD 34823 4995 17 90-day 90-day CD 34823 4995 18 paper paper NN 34823 4995 19 than than IN 34823 4995 20 between between IN 34823 4995 21 90-day 90-day CD 34823 4995 22 and and CC 34823 4995 23 four four CD 34823 4995 24 months month NNS 34823 4995 25 . . . 34823 4996 1 Likewise likewise RB 34823 4996 2 there there EX 34823 4996 3 is be VBZ 34823 4996 4 a a DT 34823 4996 5 greater great JJR 34823 4996 6 difference difference NN 34823 4996 7 between between IN 34823 4996 8 90-day 90-day CD 34823 4996 9 and and CC 34823 4996 10 four four CD 34823 4996 11 months month NNS 34823 4996 12 than than IN 34823 4996 13 between between IN 34823 4996 14 4-months 4-months CD 34823 4996 15 and and CC 34823 4996 16 5-months 5-months CD 34823 4996 17 paper paper NN 34823 4996 18 . . . 34823 4996 19 " " '' 34823 4997 1 The the DT 34823 4997 2 call call NN 34823 4997 3 rate rate NN 34823 4997 4 , , , 34823 4997 5 though though IN 34823 4997 6 much much RB 34823 4997 7 more more RBR 34823 4997 8 variable variable JJ 34823 4997 9 than than IN 34823 4997 10 all all DT 34823 4997 11 time time NN 34823 4997 12 rates rate NNS 34823 4997 13 , , , 34823 4997 14 and and CC 34823 4997 15 sometimes sometimes RB 34823 4997 16 high high JJ 34823 4997 17 above above IN 34823 4997 18 them -PRON- PRP 34823 4997 19 , , , 34823 4997 20 is be VBZ 34823 4997 21 , , , 34823 4997 22 on on IN 34823 4997 23 the the DT 34823 4997 24 average average NN 34823 4997 25 , , , 34823 4997 26 well well RB 34823 4997 27 below below IN 34823 4997 28 them -PRON- PRP 34823 4997 29 . . . 34823 4998 1 For for IN 34823 4998 2 the the DT 34823 4998 3 period period NN 34823 4998 4 , , , 34823 4998 5 1901 1901 CD 34823 4998 6 - - SYM 34823 4998 7 06 06 CD 34823 4998 8 , , , 34823 4998 9 the the DT 34823 4998 10 averages average NNS 34823 4998 11 are be VBP 34823 4998 12 : : : 34823 4998 13 call call VB 34823 4998 14 loans loan NNS 34823 4998 15 , , , 34823 4998 16 3.3 3.3 CD 34823 4998 17 % % NN 34823 4998 18 ; ; , 34823 4998 19 time time NN 34823 4998 20 loans loan NNS 34823 4998 21 , , , 34823 4998 22 4.5 4.5 CD 34823 4998 23 % % NN 34823 4998 24 . . . 34823 4999 1 The the DT 34823 4999 2 declining decline VBG 34823 4999 3 influence influence NN 34823 4999 4 of of IN 34823 4999 5 differences difference NNS 34823 4999 6 in in IN 34823 4999 7 time time NN 34823 4999 8 as as IN 34823 4999 9 the the DT 34823 4999 10 length length NN 34823 4999 11 of of IN 34823 4999 12 the the DT 34823 4999 13 loans loan NNS 34823 4999 14 increases increase NNS 34823 4999 15 , , , 34823 4999 16 is be VBZ 34823 4999 17 what what WP 34823 4999 18 our -PRON- PRP$ 34823 4999 19 theory theory NN 34823 4999 20 would would MD 34823 4999 21 require require VB 34823 4999 22 . . . 34823 5000 1 If if IN 34823 5000 2 the the DT 34823 5000 3 " " `` 34823 5000 4 bearer bearer NN 34823 5000 5 of of IN 34823 5000 6 options option NNS 34823 5000 7 " " '' 34823 5000 8 functions function NNS 34823 5000 9 of of IN 34823 5000 10 short short JJ 34823 5000 11 loans loan NNS 34823 5000 12 is be VBZ 34823 5000 13 the the DT 34823 5000 14 explanation explanation NN 34823 5000 15 of of IN 34823 5000 16 the the DT 34823 5000 17 lower low JJR 34823 5000 18 rate rate NN 34823 5000 19 on on IN 34823 5000 20 them -PRON- PRP 34823 5000 21 , , , 34823 5000 22 it -PRON- PRP 34823 5000 23 is be VBZ 34823 5000 24 a a DT 34823 5000 25 factor factor NN 34823 5000 26 which which WDT 34823 5000 27 would would MD 34823 5000 28 count count VB 34823 5000 29 for for IN 34823 5000 30 less less RBR 34823 5000 31 and and CC 34823 5000 32 less less JJR 34823 5000 33 as as IN 34823 5000 34 the the DT 34823 5000 35 length length NN 34823 5000 36 of of IN 34823 5000 37 the the DT 34823 5000 38 loan loan NN 34823 5000 39 increases increase NNS 34823 5000 40 . . . 34823 5001 1 A a DT 34823 5001 2 month month NN 34823 5001 3 's 's POS 34823 5001 4 difference difference NN 34823 5001 5 is be VBZ 34823 5001 6 all all RB 34823 5001 7 - - HYPH 34823 5001 8 important important JJ 34823 5001 9 , , , 34823 5001 10 when when WRB 34823 5001 11 the the DT 34823 5001 12 month month NN 34823 5001 13 involved involve VBN 34823 5001 14 is be VBZ 34823 5001 15 proximate proximate JJ 34823 5001 16 , , , 34823 5001 17 say say VBP 34823 5001 18 the the DT 34823 5001 19 difference difference NN 34823 5001 20 between between IN 34823 5001 21 10 10 CD 34823 5001 22 and and CC 34823 5001 23 40 40 CD 34823 5001 24 days day NNS 34823 5001 25 . . . 34823 5002 1 But but CC 34823 5002 2 it -PRON- PRP 34823 5002 3 is be VBZ 34823 5002 4 of of IN 34823 5002 5 virtually virtually RB 34823 5002 6 no no DT 34823 5002 7 importance importance NN 34823 5002 8 , , , 34823 5002 9 from from IN 34823 5002 10 the the DT 34823 5002 11 standpoint standpoint NN 34823 5002 12 of of IN 34823 5002 13 the the DT 34823 5002 14 man man NN 34823 5002 15 who who WP 34823 5002 16 wishes wish VBZ 34823 5002 17 to to TO 34823 5002 18 meet meet VB 34823 5002 19 sudden sudden JJ 34823 5002 20 and and CC 34823 5002 21 indeterminate indeterminate JJ 34823 5002 22 emergencies emergency NNS 34823 5002 23 , , , 34823 5002 24 whether whether IN 34823 5002 25 the the DT 34823 5002 26 note note NN 34823 5002 27 he -PRON- PRP 34823 5002 28 holds hold VBZ 34823 5002 29 matures mature NNS 34823 5002 30 in in IN 34823 5002 31 eleven eleven CD 34823 5002 32 months month NNS 34823 5002 33 or or CC 34823 5002 34 twelve twelve CD 34823 5002 35 months month NNS 34823 5002 36 . . . 34823 5003 1 The the DT 34823 5003 2 difference difference NN 34823 5003 3 between between IN 34823 5003 4 a a DT 34823 5003 5 one one CD 34823 5003 6 - - HYPH 34823 5003 7 year year NN 34823 5003 8 loan loan NN 34823 5003 9 and and CC 34823 5003 10 a a DT 34823 5003 11 five five CD 34823 5003 12 - - HYPH 34823 5003 13 year year NN 34823 5003 14 loan loan NN 34823 5003 15 might may MD 34823 5003 16 , , , 34823 5003 17 on on IN 34823 5003 18 the the DT 34823 5003 19 other other JJ 34823 5003 20 hand hand NN 34823 5003 21 , , , 34823 5003 22 still still RB 34823 5003 23 be be VB 34823 5003 24 important important JJ 34823 5003 25 from from IN 34823 5003 26 the the DT 34823 5003 27 angle angle NN 34823 5003 28 of of IN 34823 5003 29 bearing bearing NN 34823 5003 30 options option NNS 34823 5003 31 . . . 34823 5004 1 The the DT 34823 5004 2 factor factor NN 34823 5004 3 should should MD 34823 5004 4 cease cease VB 34823 5004 5 to to TO 34823 5004 6 have have VB 34823 5004 7 any any DT 34823 5004 8 meaning meaning NN 34823 5004 9 at at RB 34823 5004 10 all all RB 34823 5004 11 , , , 34823 5004 12 or or CC 34823 5004 13 at at IN 34823 5004 14 least least JJS 34823 5004 15 any any DT 34823 5004 16 appreciable appreciable JJ 34823 5004 17 meaning meaning NN 34823 5004 18 , , , 34823 5004 19 when when WRB 34823 5004 20 the the DT 34823 5004 21 difference difference NN 34823 5004 22 is be VBZ 34823 5004 23 between between IN 34823 5004 24 , , , 34823 5004 25 say say UH 34823 5004 26 , , , 34823 5004 27 twenty twenty CD 34823 5004 28 and and CC 34823 5004 29 twenty twenty CD 34823 5004 30 - - HYPH 34823 5004 31 five five CD 34823 5004 32 years year NNS 34823 5004 33 . . . 34823 5005 1 I -PRON- PRP 34823 5005 2 have have VBP 34823 5005 3 no no DT 34823 5005 4 statistical statistical JJ 34823 5005 5 evidence evidence NN 34823 5005 6 that that IN 34823 5005 7 the the DT 34823 5005 8 one one CD 34823 5005 9 - - HYPH 34823 5005 10 year year NN 34823 5005 11 loan loan NN 34823 5005 12 can can MD 34823 5005 13 normally normally RB 34823 5005 14 expect expect VB 34823 5005 15 a a DT 34823 5005 16 lower low JJR 34823 5005 17 rate rate NN 34823 5005 18 than than IN 34823 5005 19 the the DT 34823 5005 20 five five CD 34823 5005 21 - - HYPH 34823 5005 22 year year NN 34823 5005 23 loan loan NN 34823 5005 24 . . . 34823 5006 1 At at IN 34823 5006 2 times time NNS 34823 5006 3 , , , 34823 5006 4 short short JJ 34823 5006 5 time time NN 34823 5006 6 financing financing NN 34823 5006 7 may may MD 34823 5006 8 be be VB 34823 5006 9 even even RB 34823 5006 10 more more RBR 34823 5006 11 expensive expensive JJ 34823 5006 12 than than IN 34823 5006 13 long long JJ 34823 5006 14 time time NN 34823 5006 15 financing financing NN 34823 5006 16 . . . 34823 5007 1 But but CC 34823 5007 2 such such JJ 34823 5007 3 study study NN 34823 5007 4 as as IN 34823 5007 5 I -PRON- PRP 34823 5007 6 have have VBP 34823 5007 7 given give VBN 34823 5007 8 to to IN 34823 5007 9 quotations quotation NNS 34823 5007 10 of of IN 34823 5007 11 short short JJ 34823 5007 12 - - HYPH 34823 5007 13 term term NN 34823 5007 14 notes note NNS 34823 5007 15 of of IN 34823 5007 16 corporations corporation NNS 34823 5007 17 , , , 34823 5007 18 as as IN 34823 5007 19 compared compare VBN 34823 5007 20 with with IN 34823 5007 21 the the DT 34823 5007 22 longer long JJR 34823 5007 23 term term NN 34823 5007 24 bonds bond NNS 34823 5007 25 of of IN 34823 5007 26 the the DT 34823 5007 27 same same JJ 34823 5007 28 corporations corporation NNS 34823 5007 29 , , , 34823 5007 30 would would MD 34823 5007 31 leave leave VB 34823 5007 32 the the DT 34823 5007 33 distinct distinct JJ 34823 5007 34 impression impression NN 34823 5007 35 that that IN 34823 5007 36 short short JJ 34823 5007 37 - - HYPH 34823 5007 38 term term NN 34823 5007 39 notes note NNS 34823 5007 40 fare fare VBP 34823 5007 41 better well RBR 34823 5007 42 in in IN 34823 5007 43 the the DT 34823 5007 44 security security NN 34823 5007 45 market market NN 34823 5007 46 , , , 34823 5007 47 and and CC 34823 5007 48 yield yield VB 34823 5007 49 less less JJR 34823 5007 50 return return NN 34823 5007 51 . . . 34823 5008 1 A a DT 34823 5008 2 complication complication NN 34823 5008 3 arises arise VBZ 34823 5008 4 , , , 34823 5008 5 here here RB 34823 5008 6 , , , 34823 5008 7 of of IN 34823 5008 8 course course NN 34823 5008 9 , , , 34823 5008 10 that that IN 34823 5008 11 the the DT 34823 5008 12 short short JJ 34823 5008 13 - - HYPH 34823 5008 14 term term NN 34823 5008 15 note note NN 34823 5008 16 may may MD 34823 5008 17 often often RB 34823 5008 18 lack lack VB 34823 5008 19 the the DT 34823 5008 20 safety safety NN 34823 5008 21 which which WDT 34823 5008 22 a a DT 34823 5008 23 first first JJ 34823 5008 24 mortgage mortgage NN 34823 5008 25 bond bond NN 34823 5008 26 of of IN 34823 5008 27 the the DT 34823 5008 28 same same JJ 34823 5008 29 corporation corporation NN 34823 5008 30 would would MD 34823 5008 31 have have VB 34823 5008 32 . . . 34823 5009 1 The the DT 34823 5009 2 legal legal JJ 34823 5009 3 tender tender NN 34823 5009 4 for for IN 34823 5009 5 debts debt NNS 34823 5009 6 function function NN 34823 5009 7 calls call VBZ 34823 5009 8 for for IN 34823 5009 9 a a DT 34823 5009 10 brief brief JJ 34823 5009 11 discussion discussion NN 34823 5009 12 . . . 34823 5010 1 Whatever whatever WDT 34823 5010 2 gives give VBZ 34823 5010 3 legal legal JJ 34823 5010 4 quittance quittance NN 34823 5010 5 from from IN 34823 5010 6 contract contract NN 34823 5010 7 obligation obligation NN 34823 5010 8 , , , 34823 5010 9 or or CC 34823 5010 10 from from IN 34823 5010 11 legal legal JJ 34823 5010 12 obligation obligation NN 34823 5010 13 as as IN 34823 5010 14 for for IN 34823 5010 15 taxes taxis NNS 34823 5010 16 , , , 34823 5010 17 performs perform VBZ 34823 5010 18 this this DT 34823 5010 19 function function NN 34823 5010 20 . . . 34823 5011 1 " " `` 34823 5011 2 Legal legal JJ 34823 5011 3 tender tender NN 34823 5011 4 " " '' 34823 5011 5 money money NN 34823 5011 6 , , , 34823 5011 7 in in IN 34823 5011 8 the the DT 34823 5011 9 strict strict JJ 34823 5011 10 sense sense NN 34823 5011 11 , , , 34823 5011 12 is be VBZ 34823 5011 13 not not RB 34823 5011 14 alone alone RB 34823 5011 15 in in IN 34823 5011 16 performing perform VBG 34823 5011 17 this this DT 34823 5011 18 function function NN 34823 5011 19 . . . 34823 5012 1 Usually usually RB 34823 5012 2 a a DT 34823 5012 3 government government NN 34823 5012 4 will will MD 34823 5012 5 by by IN 34823 5012 6 law law NN 34823 5012 7 or or CC 34823 5012 8 administrative administrative JJ 34823 5012 9 practice practice NN 34823 5012 10 with with IN 34823 5012 11 the the DT 34823 5012 12 force force NN 34823 5012 13 of of IN 34823 5012 14 law law NN 34823 5012 15 , , , 34823 5012 16 bind bind VB 34823 5012 17 itself -PRON- PRP 34823 5012 18 to to TO 34823 5012 19 accept accept VB 34823 5012 20 forms form NNS 34823 5012 21 of of IN 34823 5012 22 money money NN 34823 5012 23 which which WDT 34823 5012 24 it -PRON- PRP 34823 5012 25 will will MD 34823 5012 26 not not RB 34823 5012 27 compel compel VB 34823 5012 28 other other JJ 34823 5012 29 creditors creditor NNS 34823 5012 30 to to TO 34823 5012 31 accept accept VB 34823 5012 32 . . . 34823 5013 1 Thus thus RB 34823 5013 2 , , , 34823 5013 3 silver silver NN 34823 5013 4 certificates certificate NNS 34823 5013 5 , , , 34823 5013 6 without without IN 34823 5013 7 being be VBG 34823 5013 8 " " `` 34823 5013 9 legal legal JJ 34823 5013 10 tender tender NN 34823 5013 11 , , , 34823 5013 12 " " '' 34823 5013 13 are be VBP 34823 5013 14 a a DT 34823 5013 15 means means NN 34823 5013 16 of of IN 34823 5013 17 legal legal JJ 34823 5013 18 quittance quittance NN 34823 5013 19 from from IN 34823 5013 20 obligations obligation NNS 34823 5013 21 to to IN 34823 5013 22 the the DT 34823 5013 23 Federal Federal NNP 34823 5013 24 Government Government NNP 34823 5013 25 . . . 34823 5014 1 Sometimes sometimes RB 34823 5014 2 governments government NNS 34823 5014 3 will will MD 34823 5014 4 receive receive VB 34823 5014 5 only only RB 34823 5014 6 gold gold NN 34823 5014 7 at at IN 34823 5014 8 the the DT 34823 5014 9 customs custom NNS 34823 5014 10 house house NN 34823 5014 11 . . . 34823 5015 1 This this DT 34823 5015 2 was be VBD 34823 5015 3 true true JJ 34823 5015 4 in in IN 34823 5015 5 the the DT 34823 5015 6 Greenback Greenback NNP 34823 5015 7 period period NN 34823 5015 8 , , , 34823 5015 9 when when WRB 34823 5015 10 Greenbacks greenback NNS 34823 5015 11 were be VBD 34823 5015 12 " " `` 34823 5015 13 legal legal JJ 34823 5015 14 tender tender NN 34823 5015 15 , , , 34823 5015 16 " " '' 34823 5015 17 but but CC 34823 5015 18 not not RB 34823 5015 19 good good JJ 34823 5015 20 for for IN 34823 5015 21 payments payment NNS 34823 5015 22 of of IN 34823 5015 23 customs custom NNS 34823 5015 24 duties duty NNS 34823 5015 25 . . . 34823 5016 1 The the DT 34823 5016 2 reader reader NN 34823 5016 3 who who WP 34823 5016 4 is be VBZ 34823 5016 5 interested interested JJ 34823 5016 6 in in IN 34823 5016 7 refinements refinement NNS 34823 5016 8 of of IN 34823 5016 9 the the DT 34823 5016 10 legal legal JJ 34823 5016 11 distinctions distinction NNS 34823 5016 12 among among IN 34823 5016 13 different different JJ 34823 5016 14 kinds kind NNS 34823 5016 15 of of IN 34823 5016 16 money money NN 34823 5016 17 will will MD 34823 5016 18 find find VB 34823 5016 19 the the DT 34823 5016 20 thing thing NN 34823 5016 21 elaborately elaborately RB 34823 5016 22 worked work VBD 34823 5016 23 out out RP 34823 5016 24 by by IN 34823 5016 25 G. G. NNP 34823 5016 26 F. F. NNP 34823 5016 27 Knapp Knapp NNP 34823 5016 28 , , , 34823 5016 29 in in IN 34823 5016 30 his -PRON- PRP$ 34823 5016 31 _ _ NNP 34823 5016 32 Staatliche Staatliche NNP 34823 5016 33 Theorie Theorie NNP 34823 5016 34 des des FW 34823 5016 35 Geldes Geldes NNP 34823 5016 36 _ _ NNP 34823 5016 37 . . . 34823 5017 1 [ [ -LRB- 34823 5017 2 486 486 CD 34823 5017 3 ] ] -RRB- 34823 5017 4 But but CC 34823 5017 5 " " `` 34823 5017 6 legal legal JJ 34823 5017 7 tender tender NN 34823 5017 8 " " '' 34823 5017 9 money money NN 34823 5017 10 is be VBZ 34823 5017 11 not not RB 34823 5017 12 always always RB 34823 5017 13 an an DT 34823 5017 14 adequate adequate JJ 34823 5017 15 means mean NNS 34823 5017 16 of of IN 34823 5017 17 quittance quittance NN 34823 5017 18 . . . 34823 5018 1 If if IN 34823 5018 2 the the DT 34823 5018 3 contract contract NN 34823 5018 4 calls call VBZ 34823 5018 5 for for IN 34823 5018 6 corn corn NN 34823 5018 7 , , , 34823 5018 8 or or CC 34823 5018 9 wheat wheat NN 34823 5018 10 , , , 34823 5018 11 or or CC 34823 5018 12 Northern Northern NNP 34823 5018 13 Pacific Pacific NNP 34823 5018 14 stock stock NN 34823 5018 15 , , , 34823 5018 16 the the DT 34823 5018 17 best good JJS 34823 5018 18 legal legal JJ 34823 5018 19 tender tender NN 34823 5018 20 money money NN 34823 5018 21 is be VBZ 34823 5018 22 a a DT 34823 5018 23 poor poor JJ 34823 5018 24 substitute substitute NN 34823 5018 25 ! ! . 34823 5019 1 Witness witness VB 34823 5019 2 the the DT 34823 5019 3 " " `` 34823 5019 4 Corner Corner NNP 34823 5019 5 " " '' 34823 5019 6 in in IN 34823 5019 7 Northern Northern NNP 34823 5019 8 Pacific Pacific NNP 34823 5019 9 in in IN 34823 5019 10 1901 1901 CD 34823 5019 11 . . . 34823 5020 1 It -PRON- PRP 34823 5020 2 is be VBZ 34823 5020 3 doubtless doubtless RB 34823 5020 4 true true JJ 34823 5020 5 , , , 34823 5020 6 as as IN 34823 5020 7 Davenport[487 Davenport[487 NNP 34823 5020 8 ] ] -RRB- 34823 5020 9 points point VBZ 34823 5020 10 out out RP 34823 5020 11 , , , 34823 5020 12 that that IN 34823 5020 13 all all DT 34823 5020 14 contracts contract NNS 34823 5020 15 , , , 34823 5020 16 whatever whatever WDT 34823 5020 17 they -PRON- PRP 34823 5020 18 call call VBP 34823 5020 19 for for IN 34823 5020 20 , , , 34823 5020 21 may may MD 34823 5020 22 be be VB 34823 5020 23 ultimately ultimately RB 34823 5020 24 met meet VBN 34823 5020 25 , , , 34823 5020 26 under under IN 34823 5020 27 the the DT 34823 5020 28 common common JJ 34823 5020 29 law law NN 34823 5020 30 , , , 34823 5020 31 by by IN 34823 5020 32 money money NN 34823 5020 33 damages damage NNS 34823 5020 34 , , , 34823 5020 35 but but CC 34823 5020 36 that that DT 34823 5020 37 does do VBZ 34823 5020 38 not not RB 34823 5020 39 mean mean VB 34823 5020 40 that that IN 34823 5020 41 a a DT 34823 5020 42 man man NN 34823 5020 43 can can MD 34823 5020 44 maintain maintain VB 34823 5020 45 his -PRON- PRP$ 34823 5020 46 solvency solvency NN 34823 5020 47 or or CC 34823 5020 48 position position NN 34823 5020 49 in in IN 34823 5020 50 business business NN 34823 5020 51 by by IN 34823 5020 52 offering offer VBG 34823 5020 53 money money NN 34823 5020 54 when when WRB 34823 5020 55 Northern Northern NNP 34823 5020 56 Pacific Pacific NNP 34823 5020 57 is be VBZ 34823 5020 58 designated designate VBN 34823 5020 59 in in IN 34823 5020 60 his -PRON- PRP$ 34823 5020 61 contract contract NN 34823 5020 62 . . . 34823 5021 1 Doubtless doubtless RB 34823 5021 2 even even RB 34823 5021 3 there there EX 34823 5021 4 money money NN 34823 5021 5 will will MD 34823 5021 6 free free VB 34823 5021 7 him -PRON- PRP 34823 5021 8 , , , 34823 5021 9 _ _ NNP 34823 5021 10 at at IN 34823 5021 11 a a DT 34823 5021 12 price price NN 34823 5021 13 _ _ NN 34823 5021 14 , , , 34823 5021 15 but but CC 34823 5021 16 Northern Northern NNP 34823 5021 17 Pacific Pacific NNP 34823 5021 18 stock stock NN 34823 5021 19 is be VBZ 34823 5021 20 at at IN 34823 5021 21 least least RBS 34823 5021 22 more more RBR 34823 5021 23 convenient convenient JJ 34823 5021 24 for for IN 34823 5021 25 the the DT 34823 5021 26 purpose purpose NN 34823 5021 27 ! ! . 34823 5022 1 A a DT 34823 5022 2 man man NN 34823 5022 3 does do VBZ 34823 5022 4 not not RB 34823 5022 5 need need VB 34823 5022 6 money money NN 34823 5022 7 to to TO 34823 5022 8 get get VB 34823 5022 9 free free JJ 34823 5022 10 from from IN 34823 5022 11 debts debt NNS 34823 5022 12 , , , 34823 5022 13 even even RB 34823 5022 14 when when WRB 34823 5022 15 money money NN 34823 5022 16 is be VBZ 34823 5022 17 required require VBN 34823 5022 18 by by IN 34823 5022 19 the the DT 34823 5022 20 contract contract NN 34823 5022 21 . . . 34823 5023 1 He -PRON- PRP 34823 5023 2 can can MD 34823 5023 3 turn turn VB 34823 5023 4 in in RP 34823 5023 5 whatever whatever WDT 34823 5023 6 he -PRON- PRP 34823 5023 7 has have VBZ 34823 5023 8 in in IN 34823 5023 9 an an DT 34823 5023 10 assignment assignment NN 34823 5023 11 for for IN 34823 5023 12 the the DT 34823 5023 13 benefit benefit NN 34823 5023 14 of of IN 34823 5023 15 his -PRON- PRP$ 34823 5023 16 creditors creditor NNS 34823 5023 17 , , , 34823 5023 18 and and CC 34823 5023 19 get get VB 34823 5023 20 free free JJ 34823 5023 21 _ _ NNP 34823 5023 22 via via IN 34823 5023 23 _ _ NNP 34823 5023 24 the the DT 34823 5023 25 bankruptcy bankruptcy NN 34823 5023 26 court court NN 34823 5023 27 . . . 34823 5024 1 In in IN 34823 5024 2 other other JJ 34823 5024 3 words word NNS 34823 5024 4 , , , 34823 5024 5 the the DT 34823 5024 6 legal legal JJ 34823 5024 7 tender tender NN 34823 5024 8 function function NN 34823 5024 9 of of IN 34823 5024 10 money money NN 34823 5024 11 , , , 34823 5024 12 while while IN 34823 5024 13 it -PRON- PRP 34823 5024 14 does do VBZ 34823 5024 15 distinguish distinguish VB 34823 5024 16 money money NN 34823 5024 17 from from IN 34823 5024 18 other other JJ 34823 5024 19 goods good NNS 34823 5024 20 as as IN 34823 5024 21 a a DT 34823 5024 22 matter matter NN 34823 5024 23 of of IN 34823 5024 24 _ _ NNP 34823 5024 25 degree degree NN 34823 5024 26 _ _ NNP 34823 5024 27 , , , 34823 5024 28 does do VBZ 34823 5024 29 not not RB 34823 5024 30 erect erect VB 34823 5024 31 an an DT 34823 5024 32 absolute absolute JJ 34823 5024 33 difference difference NN 34823 5024 34 of of IN 34823 5024 35 _ _ NNP 34823 5024 36 kind kind NN 34823 5024 37 _ _ NNP 34823 5024 38 . . . 34823 5025 1 Under under IN 34823 5025 2 a a DT 34823 5025 3 smoothly smoothly RB 34823 5025 4 working work VBG 34823 5025 5 monetary monetary JJ 34823 5025 6 system system NN 34823 5025 7 , , , 34823 5025 8 where where WRB 34823 5025 9 all all DT 34823 5025 10 forms form NNS 34823 5025 11 of of IN 34823 5025 12 money money NN 34823 5025 13 are be VBP 34823 5025 14 kept keep VBN 34823 5025 15 at at IN 34823 5025 16 a a DT 34823 5025 17 parity parity NN 34823 5025 18 by by IN 34823 5025 19 constant constant JJ 34823 5025 20 and and CC 34823 5025 21 ready ready JJ 34823 5025 22 redemption redemption NN 34823 5025 23 , , , 34823 5025 24 and and CC 34823 5025 25 where where WRB 34823 5025 26 people people NNS 34823 5025 27 have have VBP 34823 5025 28 no no DT 34823 5025 29 doubt doubt NN 34823 5025 30 that that IN 34823 5025 31 this this DT 34823 5025 32 redemption redemption NN 34823 5025 33 will will MD 34823 5025 34 occur occur VB 34823 5025 35 , , , 34823 5025 36 the the DT 34823 5025 37 legal legal JJ 34823 5025 38 tender tender NN 34823 5025 39 quality quality NN 34823 5025 40 which which WDT 34823 5025 41 attaches attach VBZ 34823 5025 42 to to IN 34823 5025 43 part part NN 34823 5025 44 of of IN 34823 5025 45 the the DT 34823 5025 46 money money NN 34823 5025 47 is be VBZ 34823 5025 48 a a DT 34823 5025 49 matter matter NN 34823 5025 50 of of IN 34823 5025 51 no no DT 34823 5025 52 consequence consequence NN 34823 5025 53 . . . 34823 5026 1 It -PRON- PRP 34823 5026 2 adds add VBZ 34823 5026 3 nothing nothing NN 34823 5026 4 to to IN 34823 5026 5 the the DT 34823 5026 6 value value NN 34823 5026 7 of of IN 34823 5026 8 the the DT 34823 5026 9 money money NN 34823 5026 10 . . . 34823 5027 1 In in IN 34823 5027 2 times time NNS 34823 5027 3 of of IN 34823 5027 4 stress stress NN 34823 5027 5 , , , 34823 5027 6 the the DT 34823 5027 7 legal legal JJ 34823 5027 8 tender tender NN 34823 5027 9 quality quality NN 34823 5027 10 may may MD 34823 5027 11 be be VB 34823 5027 12 a a DT 34823 5027 13 source source NN 34823 5027 14 of of IN 34823 5027 15 a a DT 34823 5027 16 considerable considerable JJ 34823 5027 17 temporary temporary JJ 34823 5027 18 value value NN 34823 5027 19 . . . 34823 5028 1 This this DT 34823 5028 2 is be VBZ 34823 5028 3 especially especially RB 34823 5028 4 likely likely JJ 34823 5028 5 to to TO 34823 5028 6 be be VB 34823 5028 7 true true JJ 34823 5028 8 of of IN 34823 5028 9 an an DT 34823 5028 10 inconvertible inconvertible JJ 34823 5028 11 money money NN 34823 5028 12 . . . 34823 5029 1 The the DT 34823 5029 2 legal legal JJ 34823 5029 3 tender tender NN 34823 5029 4 quality quality NN 34823 5029 5 of of IN 34823 5029 6 the the DT 34823 5029 7 Greenbacks Greenbacks NNPS 34823 5029 8 led lead VBD 34823 5029 9 to to IN 34823 5029 10 a a DT 34823 5029 11 very very RB 34823 5029 12 considerable considerable JJ 34823 5029 13 fall fall NN 34823 5029 14 in in IN 34823 5029 15 the the DT 34823 5029 16 gold gold JJ 34823 5029 17 premium premium NN 34823 5029 18 in in IN 34823 5029 19 the the DT 34823 5029 20 Panic Panic NNP 34823 5029 21 of of IN 34823 5029 22 1873 1873 CD 34823 5029 23 . . . 34823 5030 1 I -PRON- PRP 34823 5030 2 have have VBP 34823 5030 3 mentioned mention VBN 34823 5030 4 this this DT 34823 5030 5 point point NN 34823 5030 6 in in IN 34823 5030 7 the the DT 34823 5030 8 chapter chapter NN 34823 5030 9 on on IN 34823 5030 10 " " `` 34823 5030 11 Dodo Dodo NNP 34823 5030 12 - - HYPH 34823 5030 13 Bones bone NNS 34823 5030 14 , , , 34823 5030 15 " " '' 34823 5030 16 where where WRB 34823 5030 17 part part NN 34823 5030 18 of of IN 34823 5030 19 this this DT 34823 5030 20 discussion discussion NN 34823 5030 21 has have VBZ 34823 5030 22 been be VBN 34823 5030 23 anticipated anticipate VBN 34823 5030 24 . . . 34823 5031 1 In in IN 34823 5031 2 general general JJ 34823 5031 3 , , , 34823 5031 4 the the DT 34823 5031 5 legal legal JJ 34823 5031 6 tender tender NN 34823 5031 7 quality quality NN 34823 5031 8 may may MD 34823 5031 9 be be VB 34823 5031 10 recognized recognize VBN 34823 5031 11 as as IN 34823 5031 12 a a DT 34823 5031 13 factor factor NN 34823 5031 14 in in IN 34823 5031 15 sustaining sustain VBG 34823 5031 16 the the DT 34823 5031 17 value value NN 34823 5031 18 of of IN 34823 5031 19 money money NN 34823 5031 20 , , , 34823 5031 21 if if IN 34823 5031 22 as as IN 34823 5031 23 a a DT 34823 5031 24 consequence consequence NN 34823 5031 25 of of IN 34823 5031 26 this this DT 34823 5031 27 quality quality NN 34823 5031 28 men man NNS 34823 5031 29 take take VBP 34823 5031 30 the the DT 34823 5031 31 money money NN 34823 5031 32 when when WRB 34823 5031 33 they -PRON- PRP 34823 5031 34 would would MD 34823 5031 35 not not RB 34823 5031 36 otherwise otherwise RB 34823 5031 37 take take VB 34823 5031 38 it -PRON- PRP 34823 5031 39 , , , 34823 5031 40 or or CC 34823 5031 41 take take VB 34823 5031 42 it -PRON- PRP 34823 5031 43 on on IN 34823 5031 44 terms term NNS 34823 5031 45 which which WDT 34823 5031 46 they -PRON- PRP 34823 5031 47 would would MD 34823 5031 48 otherwise otherwise RB 34823 5031 49 not not RB 34823 5031 50 agree agree VB 34823 5031 51 to to IN 34823 5031 52 . . . 34823 5032 1 Where where WRB 34823 5032 2 , , , 34823 5032 3 however however RB 34823 5032 4 , , , 34823 5032 5 the the DT 34823 5032 6 money money NN 34823 5032 7 is be VBZ 34823 5032 8 money money NN 34823 5032 9 which which WDT 34823 5032 10 they -PRON- PRP 34823 5032 11 are be VBP 34823 5032 12 glad glad JJ 34823 5032 13 to to TO 34823 5032 14 get get VB 34823 5032 15 in in IN 34823 5032 16 any any DT 34823 5032 17 case case NN 34823 5032 18 , , , 34823 5032 19 the the DT 34823 5032 20 legal legal JJ 34823 5032 21 tender tender NN 34823 5032 22 quality quality NN 34823 5032 23 is be VBZ 34823 5032 24 a a DT 34823 5032 25 matter matter NN 34823 5032 26 of of IN 34823 5032 27 supererogation supererogation NN 34823 5032 28 . . . 34823 5033 1 The the DT 34823 5033 2 standard standard NN 34823 5033 3 of of IN 34823 5033 4 deferred defer VBN 34823 5033 5 payments payment NNS 34823 5033 6 function function NN 34823 5033 7 , , , 34823 5033 8 as as IN 34823 5033 9 distinguished distinguish VBN 34823 5033 10 from from IN 34823 5033 11 the the DT 34823 5033 12 legal legal JJ 34823 5033 13 tender tender NN 34823 5033 14 function function NN 34823 5033 15 and and CC 34823 5033 16 the the DT 34823 5033 17 medium medium NN 34823 5033 18 of of IN 34823 5033 19 exchange exchange NN 34823 5033 20 function function NN 34823 5033 21 , , , 34823 5033 22 does do VBZ 34823 5033 23 not not RB 34823 5033 24 add add VB 34823 5033 25 to to IN 34823 5033 26 the the DT 34823 5033 27 value value NN 34823 5033 28 of of IN 34823 5033 29 money money NN 34823 5033 30 . . . 34823 5034 1 Of of RB 34823 5034 2 course course RB 34823 5034 3 , , , 34823 5034 4 if if IN 34823 5034 5 the the DT 34823 5034 6 standard standard NN 34823 5034 7 of of IN 34823 5034 8 deferred defer VBN 34823 5034 9 payments payment NNS 34823 5034 10 is be VBZ 34823 5034 11 actually actually RB 34823 5034 12 used use VBN 34823 5034 13 in in IN 34823 5034 14 making make VBG 34823 5034 15 the the DT 34823 5034 16 deferred defer VBN 34823 5034 17 payment payment NN 34823 5034 18 , , , 34823 5034 19 then then RB 34823 5034 20 it -PRON- PRP 34823 5034 21 finally finally RB 34823 5034 22 becomes become VBZ 34823 5034 23 assimilated assimilate VBN 34823 5034 24 to to IN 34823 5034 25 the the DT 34823 5034 26 other other JJ 34823 5034 27 two two CD 34823 5034 28 functions function NNS 34823 5034 29 . . . 34823 5035 1 But but CC 34823 5035 2 it -PRON- PRP 34823 5035 3 is be VBZ 34823 5035 4 quite quite RB 34823 5035 5 possible possible JJ 34823 5035 6 to to TO 34823 5035 7 divorce divorce VB 34823 5035 8 them -PRON- PRP 34823 5035 9 completely completely RB 34823 5035 10 . . . 34823 5036 1 Suppose suppose VB 34823 5036 2 , , , 34823 5036 3 for for IN 34823 5036 4 example example NN 34823 5036 5 , , , 34823 5036 6 that that IN 34823 5036 7 the the DT 34823 5036 8 standard standard NN 34823 5036 9 named name VBN 34823 5036 10 in in IN 34823 5036 11 a a DT 34823 5036 12 contract contract NN 34823 5036 13 in in IN 34823 5036 14 the the DT 34823 5036 15 Greenback Greenback NNP 34823 5036 16 Period Period NNP 34823 5036 17 was be VBD 34823 5036 18 gold gold NN 34823 5036 19 , , , 34823 5036 20 but but CC 34823 5036 21 that that DT 34823 5036 22 payment payment NN 34823 5036 23 was be VBD 34823 5036 24 made make VBN 34823 5036 25 in in IN 34823 5036 26 Greenbacks greenback NNS 34823 5036 27 at at IN 34823 5036 28 the the DT 34823 5036 29 market market NN 34823 5036 30 ratio ratio NN 34823 5036 31 . . . 34823 5037 1 Or or CC 34823 5037 2 , , , 34823 5037 3 suppose suppose VB 34823 5037 4 that that IN 34823 5037 5 the the DT 34823 5037 6 standard standard NN 34823 5037 7 of of IN 34823 5037 8 deferred defer VBN 34823 5037 9 payments payment NNS 34823 5037 10 should should MD 34823 5037 11 be be VB 34823 5037 12 a a DT 34823 5037 13 composite composite NN 34823 5037 14 of of IN 34823 5037 15 commodities commodity NNS 34823 5037 16 , , , 34823 5037 17 the the DT 34823 5037 18 tabular tabular JJ 34823 5037 19 standard standard NN 34823 5037 20 , , , 34823 5037 21 with with IN 34823 5037 22 the the DT 34823 5037 23 understanding understanding NN 34823 5037 24 that that IN 34823 5037 25 the the DT 34823 5037 26 index index NN 34823 5037 27 number number NN 34823 5037 28 on on IN 34823 5037 29 the the DT 34823 5037 30 day day NN 34823 5037 31 of of IN 34823 5037 32 payment payment NN 34823 5037 33 should should MD 34823 5037 34 determine determine VB 34823 5037 35 the the DT 34823 5037 36 amount amount NN 34823 5037 37 of of IN 34823 5037 38 money money NN 34823 5037 39 to to TO 34823 5037 40 be be VB 34823 5037 41 paid pay VBN 34823 5037 42 . . . 34823 5038 1 In in IN 34823 5038 2 neither neither DT 34823 5038 3 of of IN 34823 5038 4 these these DT 34823 5038 5 cases case NNS 34823 5038 6 does do VBZ 34823 5038 7 the the DT 34823 5038 8 standard standard NN 34823 5038 9 of of IN 34823 5038 10 deferred defer VBN 34823 5038 11 payments payment NNS 34823 5038 12 function function VBP 34823 5038 13 supply supply VBP 34823 5038 14 any any DT 34823 5038 15 reason reason NN 34823 5038 16 for for IN 34823 5038 17 an an DT 34823 5038 18 increase increase NN 34823 5038 19 in in IN 34823 5038 20 the the DT 34823 5038 21 value value NN 34823 5038 22 of of IN 34823 5038 23 the the DT 34823 5038 24 thing thing NN 34823 5038 25 which which WDT 34823 5038 26 serves serve VBZ 34823 5038 27 as as IN 34823 5038 28 the the DT 34823 5038 29 standard standard NN 34823 5038 30 . . . 34823 5039 1 In in IN 34823 5039 2 general general JJ 34823 5039 3 , , , 34823 5039 4 the the DT 34823 5039 5 standard standard NN 34823 5039 6 of of IN 34823 5039 7 deferred defer VBN 34823 5039 8 payments payment NNS 34823 5039 9 and and CC 34823 5039 10 the the DT 34823 5039 11 measure measure NN 34823 5039 12 of of IN 34823 5039 13 value value NN 34823 5039 14 functions function NNS 34823 5039 15 do do VBP 34823 5039 16 not not RB 34823 5039 17 , , , 34823 5039 18 _ _ NNP 34823 5039 19 per per FW 34823 5039 20 se se FW 34823 5039 21 _ _ NNP 34823 5039 22 , , , 34823 5039 23 add add VB 34823 5039 24 to to IN 34823 5039 25 the the DT 34823 5039 26 value value NN 34823 5039 27 of of IN 34823 5039 28 money money NN 34823 5039 29 . . . 34823 5040 1 The the DT 34823 5040 2 legal legal JJ 34823 5040 3 tender tender NN 34823 5040 4 function function NN 34823 5040 5 may may MD 34823 5040 6 or or CC 34823 5040 7 may may MD 34823 5040 8 not not RB 34823 5040 9 do do VB 34823 5040 10 so so RB 34823 5040 11 . . . 34823 5041 1 The the DT 34823 5041 2 medium medium NN 34823 5041 3 of of IN 34823 5041 4 exchange exchange NN 34823 5041 5 function function NN 34823 5041 6 , , , 34823 5041 7 the the DT 34823 5041 8 store store NN 34823 5041 9 of of IN 34823 5041 10 value value NN 34823 5041 11 function function NN 34823 5041 12 , , , 34823 5041 13 the the DT 34823 5041 14 reserve reserve NN 34823 5041 15 for for IN 34823 5041 16 credit credit NN 34823 5041 17 function function NN 34823 5041 18 , , , 34823 5041 19 and and CC 34823 5041 20 the the DT 34823 5041 21 bearer bearer NN 34823 5041 22 of of IN 34823 5041 23 options option NNS 34823 5041 24 function function NN 34823 5041 25 , , , 34823 5041 26 normally normally RB 34823 5041 27 do do VBP 34823 5041 28 occasion occasion VB 34823 5041 29 an an DT 34823 5041 30 added add VBN 34823 5041 31 value value NN 34823 5041 32 which which WDT 34823 5041 33 is be VBZ 34823 5041 34 to to TO 34823 5041 35 be be VB 34823 5041 36 attributed attribute VBN 34823 5041 37 to to IN 34823 5041 38 money money NN 34823 5041 39 , , , 34823 5041 40 either either CC 34823 5041 41 as as IN 34823 5041 42 a a DT 34823 5041 43 capital capital NN 34823 5041 44 increment increment NN 34823 5041 45 , , , 34823 5041 46 or or CC 34823 5041 47 as as IN 34823 5041 48 a a DT 34823 5041 49 rental rental NN 34823 5041 50 . . . 34823 5042 1 The the DT 34823 5042 2 question question NN 34823 5042 3 remains remain VBZ 34823 5042 4 , , , 34823 5042 5 however however RB 34823 5042 6 , , , 34823 5042 7 as as IN 34823 5042 8 to to IN 34823 5042 9 the the DT 34823 5042 10 relation relation NN 34823 5042 11 of of IN 34823 5042 12 the the DT 34823 5042 13 rental rental JJ 34823 5042 14 value value NN 34823 5042 15 , , , 34823 5042 16 and and CC 34823 5042 17 the the DT 34823 5042 18 capital capital NN 34823 5042 19 value value NN 34823 5042 20 , , , 34823 5042 21 of of IN 34823 5042 22 money money NN 34823 5042 23 . . . 34823 5043 1 This this DT 34823 5043 2 question question NN 34823 5043 3 is be VBZ 34823 5043 4 not not RB 34823 5043 5 easy easy JJ 34823 5043 6 to to TO 34823 5043 7 answer answer VB 34823 5043 8 . . . 34823 5044 1 As as IN 34823 5044 2 I -PRON- PRP 34823 5044 3 have have VBP 34823 5044 4 already already RB 34823 5044 5 shown show VBN 34823 5044 6 , , , 34823 5044 7 in in IN 34823 5044 8 the the DT 34823 5044 9 chapter chapter NN 34823 5044 10 on on IN 34823 5044 11 " " `` 34823 5044 12 Capitalization Capitalization NNP 34823 5044 13 " " '' 34823 5044 14 and and CC 34823 5044 15 elsewhere elsewhere RB 34823 5044 16 , , , 34823 5044 17 various various JJ 34823 5044 18 complications complication NNS 34823 5044 19 present present VBP 34823 5044 20 themselves -PRON- PRP 34823 5044 21 in in IN 34823 5044 22 the the DT 34823 5044 23 case case NN 34823 5044 24 of of IN 34823 5044 25 money money NN 34823 5044 26 . . . 34823 5045 1 ( ( -LRB- 34823 5045 2 1 1 LS 34823 5045 3 ) ) -RRB- 34823 5045 4 In in IN 34823 5045 5 the the DT 34823 5045 6 case case NN 34823 5045 7 of of IN 34823 5045 8 money money NN 34823 5045 9 , , , 34823 5045 10 the the DT 34823 5045 11 rental rental NN 34823 5045 12 , , , 34823 5045 13 and and CC 34823 5045 14 the the DT 34823 5045 15 prevailing prevail VBG 34823 5045 16 rate rate NN 34823 5045 17 of of IN 34823 5045 18 interest interest NN 34823 5045 19 at at IN 34823 5045 20 which which WDT 34823 5045 21 rentals rental NNS 34823 5045 22 are be VBP 34823 5045 23 discounted discount VBN 34823 5045 24 to to TO 34823 5045 25 make make VB 34823 5045 26 a a DT 34823 5045 27 capital capital NN 34823 5045 28 value value NN 34823 5045 29 , , , 34823 5045 30 are be VBP 34823 5045 31 not not RB 34823 5045 32 independent independent JJ 34823 5045 33 variables variable NNS 34823 5045 34 , , , 34823 5045 35 but but CC 34823 5045 36 tend tend VBP 34823 5045 37 to to TO 34823 5045 38 vary vary VB 34823 5045 39 together together RB 34823 5045 40 . . . 34823 5046 1 Thus thus RB 34823 5046 2 , , , 34823 5046 3 whereas whereas IN 34823 5046 4 increased increase VBN 34823 5046 5 rentals rental NNS 34823 5046 6 would would MD 34823 5046 7 in in IN 34823 5046 8 the the DT 34823 5046 9 case case NN 34823 5046 10 of of IN 34823 5046 11 most most JJS 34823 5046 12 income income NN 34823 5046 13 - - HYPH 34823 5046 14 bearers bearer NNS 34823 5046 15 tend tend VBP 34823 5046 16 to to TO 34823 5046 17 give give VB 34823 5046 18 a a DT 34823 5046 19 higher high JJR 34823 5046 20 capital capital NN 34823 5046 21 value value NN 34823 5046 22 , , , 34823 5046 23 this this DT 34823 5046 24 is be VBZ 34823 5046 25 offset offset VBN 34823 5046 26 , , , 34823 5046 27 in in IN 34823 5046 28 the the DT 34823 5046 29 case case NN 34823 5046 30 of of IN 34823 5046 31 money money NN 34823 5046 32 , , , 34823 5046 33 by by IN 34823 5046 34 the the DT 34823 5046 35 fact fact NN 34823 5046 36 that that IN 34823 5046 37 rentals rental NNS 34823 5046 38 are be VBP 34823 5046 39 subject subject JJ 34823 5046 40 to to IN 34823 5046 41 a a DT 34823 5046 42 higher high JJR 34823 5046 43 discount discount NN 34823 5046 44 . . . 34823 5047 1 ( ( -LRB- 34823 5047 2 2 2 LS 34823 5047 3 ) ) -RRB- 34823 5047 4 In in IN 34823 5047 5 the the DT 34823 5047 6 case case NN 34823 5047 7 of of IN 34823 5047 8 income income NN 34823 5047 9 - - HYPH 34823 5047 10 bearers bearer NNS 34823 5047 11 generally generally RB 34823 5047 12 , , , 34823 5047 13 the the DT 34823 5047 14 magnitude magnitude NN 34823 5047 15 of of IN 34823 5047 16 the the DT 34823 5047 17 income income NN 34823 5047 18 , , , 34823 5047 19 or or CC 34823 5047 20 rental rental NN 34823 5047 21 , , , 34823 5047 22 is be VBZ 34823 5047 23 causally causally RB 34823 5047 24 prior prior RB 34823 5047 25 to to IN 34823 5047 26 the the DT 34823 5047 27 capital capital NN 34823 5047 28 value value NN 34823 5047 29 . . . 34823 5048 1 The the DT 34823 5048 2 capital capital NN 34823 5048 3 value value NN 34823 5048 4 , , , 34823 5048 5 in in IN 34823 5048 6 our -PRON- PRP$ 34823 5048 7 illustration illustration NN 34823 5048 8 of of IN 34823 5048 9 the the DT 34823 5048 10 candle candle NN 34823 5048 11 , , , 34823 5048 12 the the DT 34823 5048 13 disk disk NN 34823 5048 14 and and CC 34823 5048 15 the the DT 34823 5048 16 shadow shadow NN 34823 5048 17 on on IN 34823 5048 18 the the DT 34823 5048 19 wall wall NN 34823 5048 20 , , , 34823 5048 21 is be VBZ 34823 5048 22 the the DT 34823 5048 23 shadow shadow NN 34823 5048 24 , , , 34823 5048 25 while while IN 34823 5048 26 the the DT 34823 5048 27 rental rental NN 34823 5048 28 is be VBZ 34823 5048 29 the the DT 34823 5048 30 disk disk NN 34823 5048 31 . . . 34823 5049 1 This this DT 34823 5049 2 is be VBZ 34823 5049 3 the the DT 34823 5049 4 general general JJ 34823 5049 5 relation relation NN 34823 5049 6 insisted insist VBN 34823 5049 7 upon upon IN 34823 5049 8 by by IN 34823 5049 9 the the DT 34823 5049 10 Böhm Böhm NNP 34823 5049 11 - - HYPH 34823 5049 12 Bawerk Bawerk NNP 34823 5049 13 - - HYPH 34823 5049 14 Fetter Fetter NNP 34823 5049 15 - - HYPH 34823 5049 16 Fisher Fisher NNP 34823 5049 17 line line NN 34823 5049 18 of of IN 34823 5049 19 capital capital NN 34823 5049 20 and and CC 34823 5049 21 interest interest NN 34823 5049 22 theory theory NN 34823 5049 23 . . . 34823 5050 1 Productivity productivity NN 34823 5050 2 theories theory NNS 34823 5050 3 of of IN 34823 5050 4 capital capital NN 34823 5050 5 have have VBP 34823 5050 6 been be VBN 34823 5050 7 criticised criticise VBN 34823 5050 8 on on IN 34823 5050 9 the the DT 34823 5050 10 ground ground NN 34823 5050 11 that that IN 34823 5050 12 capital capital NN 34823 5050 13 value value NN 34823 5050 14 is be VBZ 34823 5050 15 not not RB 34823 5050 16 productive productive JJ 34823 5050 17 , , , 34823 5050 18 that that IN 34823 5050 19 only only RB 34823 5050 20 concrete concrete JJ 34823 5050 21 capital capital NN 34823 5050 22 - - HYPH 34823 5050 23 instruments instrument NNS 34823 5050 24 are be VBP 34823 5050 25 productive productive JJ 34823 5050 26 , , , 34823 5050 27 and and CC 34823 5050 28 that that IN 34823 5050 29 they -PRON- PRP 34823 5050 30 produce produce VBP 34823 5050 31 , , , 34823 5050 32 not not RB 34823 5050 33 value value NN 34823 5050 34 , , , 34823 5050 35 but but CC 34823 5050 36 goods good NNS 34823 5050 37 , , , 34823 5050 38 that that IN 34823 5050 39 these these DT 34823 5050 40 goods good NNS 34823 5050 41 receive receive VBP 34823 5050 42 value value NN 34823 5050 43 from from IN 34823 5050 44 the the DT 34823 5050 45 market market NN 34823 5050 46 , , , 34823 5050 47 which which WDT 34823 5050 48 is be VBZ 34823 5050 49 reflected reflect VBN 34823 5050 50 back back RB 34823 5050 51 , , , 34823 5050 52 but but CC 34823 5050 53 discounted discount VBD 34823 5050 54 , , , 34823 5050 55 to to IN 34823 5050 56 the the DT 34823 5050 57 capital capital NN 34823 5050 58 instruments instrument NNS 34823 5050 59 which which WDT 34823 5050 60 produced produce VBD 34823 5050 61 them -PRON- PRP 34823 5050 62 , , , 34823 5050 63 so so IN 34823 5050 64 that that IN 34823 5050 65 , , , 34823 5050 66 in in IN 34823 5050 67 value value NN 34823 5050 68 - - HYPH 34823 5050 69 causation causation NN 34823 5050 70 the the DT 34823 5050 71 line line NN 34823 5050 72 of of IN 34823 5050 73 causation causation NN 34823 5050 74 is be VBZ 34823 5050 75 precisely precisely RB 34823 5050 76 the the DT 34823 5050 77 reverse reverse NN 34823 5050 78 of of IN 34823 5050 79 the the DT 34823 5050 80 line line NN 34823 5050 81 of of IN 34823 5050 82 technological technological JJ 34823 5050 83 causation causation NN 34823 5050 84 . . . 34823 5051 1 Capital capital NN 34823 5051 2 instruments instrument NNS 34823 5051 3 produce produce VBP 34823 5051 4 consumption consumption NN 34823 5051 5 goods good NNS 34823 5051 6 , , , 34823 5051 7 but but CC 34823 5051 8 the the DT 34823 5051 9 value value NN 34823 5051 10 of of IN 34823 5051 11 the the DT 34823 5051 12 consumption consumption NN 34823 5051 13 goods good NNS 34823 5051 14 is be VBZ 34823 5051 15 the the DT 34823 5051 16 cause cause NN 34823 5051 17 of of IN 34823 5051 18 the the DT 34823 5051 19 value value NN 34823 5051 20 of of IN 34823 5051 21 the the DT 34823 5051 22 capital capital NN 34823 5051 23 instruments instrument NNS 34823 5051 24 . . . 34823 5052 1 In in IN 34823 5052 2 the the DT 34823 5052 3 case case NN 34823 5052 4 of of IN 34823 5052 5 money money NN 34823 5052 6 , , , 34823 5052 7 however however RB 34823 5052 8 , , , 34823 5052 9 this this DT 34823 5052 10 is be VBZ 34823 5052 11 not not RB 34823 5052 12 true true JJ 34823 5052 13 . . . 34823 5053 1 It -PRON- PRP 34823 5053 2 is be VBZ 34823 5053 3 the the DT 34823 5053 4 _ _ NNP 34823 5053 5 value value NN 34823 5053 6 _ _ NNP 34823 5053 7 of of IN 34823 5053 8 the the DT 34823 5053 9 money money NN 34823 5053 10 , , , 34823 5053 11 the the DT 34823 5053 12 capital capital NN 34823 5053 13 value value NN 34823 5053 14 , , , 34823 5053 15 which which WDT 34823 5053 16 does do VBZ 34823 5053 17 the the DT 34823 5053 18 work work NN 34823 5053 19 that that WDT 34823 5053 20 makes make VBZ 34823 5053 21 a a DT 34823 5053 22 rental rental JJ 34823 5053 23 value value NN 34823 5053 24 . . . 34823 5054 1 The the DT 34823 5054 2 value value NN 34823 5054 3 of of IN 34823 5054 4 the the DT 34823 5054 5 money money NN 34823 5054 6 is be VBZ 34823 5054 7 a a DT 34823 5054 8 precondition precondition NN 34823 5054 9 of of IN 34823 5054 10 the the DT 34823 5054 11 money money NN 34823 5054 12 - - HYPH 34823 5054 13 function function NN 34823 5054 14 . . . 34823 5055 1 So so RB 34823 5055 2 far far RB 34823 5055 3 as as IN 34823 5055 4 money money NN 34823 5055 5 is be VBZ 34823 5055 6 concerned concern VBN 34823 5055 7 , , , 34823 5055 8 both both DT 34823 5055 9 " " `` 34823 5055 10 productivity productivity NN 34823 5055 11 theories theory NNS 34823 5055 12 " " '' 34823 5055 13 and and CC 34823 5055 14 " " `` 34823 5055 15 use use NN 34823 5055 16 theories theory NNS 34823 5055 17 " " '' 34823 5055 18 seem seem VBP 34823 5055 19 vindicated vindicated JJ 34823 5055 20 . . . 34823 5056 1 There there EX 34823 5056 2 is be VBZ 34823 5056 3 a a DT 34823 5056 4 " " `` 34823 5056 5 use use NN 34823 5056 6 , , , 34823 5056 7 " " '' 34823 5056 8 an an DT 34823 5056 9 " " `` 34823 5056 10 enduring enduring JJ 34823 5056 11 use use NN 34823 5056 12 " " '' 34823 5056 13 in in IN 34823 5056 14 addition addition NN 34823 5056 15 to to IN 34823 5056 16 the the DT 34823 5056 17 " " `` 34823 5056 18 uses use NNS 34823 5056 19 . . . 34823 5057 1 " " `` 34823 5057 2 [ [ -LRB- 34823 5057 3 488 488 CD 34823 5057 4 ] ] -RRB- 34823 5057 5 ( ( -LRB- 34823 5057 6 3 3 LS 34823 5057 7 ) ) -RRB- 34823 5057 8 The the DT 34823 5057 9 capitalization capitalization NN 34823 5057 10 theory theory NN 34823 5057 11 , , , 34823 5057 12 as as IN 34823 5057 13 hitherto hitherto NNP 34823 5057 14 formulated formulate VBD 34823 5057 15 , , , 34823 5057 16 assumes assume VBZ 34823 5057 17 money money NN 34823 5057 18 and and CC 34823 5057 19 a a DT 34823 5057 20 value value NN 34823 5057 21 of of IN 34823 5057 22 money money NN 34823 5057 23 . . . 34823 5058 1 It -PRON- PRP 34823 5058 2 is be VBZ 34823 5058 3 a a DT 34823 5058 4 part part NN 34823 5058 5 of of IN 34823 5058 6 the the DT 34823 5058 7 general general JJ 34823 5058 8 body body NN 34823 5058 9 of of IN 34823 5058 10 price price NN 34823 5058 11 theory theory NN 34823 5058 12 for for IN 34823 5058 13 which which WDT 34823 5058 14 this this DT 34823 5058 15 assumption assumption NN 34823 5058 16 has have VBZ 34823 5058 17 been be VBN 34823 5058 18 shown show VBN 34823 5058 19 to to TO 34823 5058 20 be be VB 34823 5058 21 needed need VBN 34823 5058 22 . . . 34823 5059 1 With with IN 34823 5059 2 reference reference NN 34823 5059 3 to to IN 34823 5059 4 the the DT 34823 5059 5 second second JJ 34823 5059 6 , , , 34823 5059 7 at at IN 34823 5059 8 least least JJS 34823 5059 9 of of IN 34823 5059 10 these these DT 34823 5059 11 points point NNS 34823 5059 12 , , , 34823 5059 13 however however RB 34823 5059 14 , , , 34823 5059 15 it -PRON- PRP 34823 5059 16 has have VBZ 34823 5059 17 been be VBN 34823 5059 18 shown show VBN 34823 5059 19 that that IN 34823 5059 20 money money NN 34823 5059 21 is be VBZ 34823 5059 22 not not RB 34823 5059 23 unique unique JJ 34823 5059 24 . . . 34823 5060 1 Diamonds diamond NNS 34823 5060 2 , , , 34823 5060 3 and and CC 34823 5060 4 all all DT 34823 5060 5 other other JJ 34823 5060 6 goods good NNS 34823 5060 7 which which WDT 34823 5060 8 have have VBP 34823 5060 9 as as IN 34823 5060 10 part part NN 34823 5060 11 of of IN 34823 5060 12 their -PRON- PRP$ 34823 5060 13 function function NN 34823 5060 14 the the DT 34823 5060 15 conspicuous conspicuous JJ 34823 5060 16 display display NN 34823 5060 17 of of IN 34823 5060 18 wealth wealth NN 34823 5060 19 , , , 34823 5060 20 likewise likewise RB 34823 5060 21 perform perform VB 34823 5060 22 this this DT 34823 5060 23 function function NN 34823 5060 24 _ _ NNP 34823 5060 25 because because IN 34823 5060 26 _ _ NNP 34823 5060 27 they -PRON- PRP 34823 5060 28 have have VBP 34823 5060 29 value value NN 34823 5060 30 . . . 34823 5061 1 This this DT 34823 5061 2 gives give VBZ 34823 5061 3 them -PRON- PRP 34823 5061 4 an an DT 34823 5061 5 additional additional JJ 34823 5061 6 value value NN 34823 5061 7 . . . 34823 5062 1 Diamonds diamond NNS 34823 5062 2 are be VBP 34823 5062 3 bought buy VBN 34823 5062 4 for for IN 34823 5062 5 this this DT 34823 5062 6 purpose purpose NN 34823 5062 7 , , , 34823 5062 8 when when WRB 34823 5062 9 they -PRON- PRP 34823 5062 10 would would MD 34823 5062 11 not not RB 34823 5062 12 otherwise otherwise RB 34823 5062 13 be be VB 34823 5062 14 bought buy VBN 34823 5062 15 , , , 34823 5062 16 or or CC 34823 5062 17 when when WRB 34823 5062 18 they -PRON- PRP 34823 5062 19 would would MD 34823 5062 20 not not RB 34823 5062 21 otherwise otherwise RB 34823 5062 22 be be VB 34823 5062 23 bought buy VBN 34823 5062 24 in in IN 34823 5062 25 such such JJ 34823 5062 26 quantity quantity NN 34823 5062 27 . . . 34823 5063 1 This this DT 34823 5063 2 additional additional JJ 34823 5063 3 value value NN 34823 5063 4 makes make VBZ 34823 5063 5 diamonds diamond NNS 34823 5063 6 still still RB 34823 5063 7 more more RBR 34823 5063 8 effective effective JJ 34823 5063 9 as as IN 34823 5063 10 a a DT 34823 5063 11 means means NN 34823 5063 12 of of IN 34823 5063 13 displaying display VBG 34823 5063 14 wealth wealth NN 34823 5063 15 , , , 34823 5063 16 with with IN 34823 5063 17 a a DT 34823 5063 18 further further JJ 34823 5063 19 increment increment NN 34823 5063 20 in in IN 34823 5063 21 their -PRON- PRP$ 34823 5063 22 value value NN 34823 5063 23 , , , 34823 5063 24 etc etc FW 34823 5063 25 . . . 34823 5064 1 We -PRON- PRP 34823 5064 2 seem seem VBP 34823 5064 3 , , , 34823 5064 4 here here RB 34823 5064 5 , , , 34823 5064 6 to to TO 34823 5064 7 have have VB 34823 5064 8 an an DT 34823 5064 9 endless endless JJ 34823 5064 10 , , , 34823 5064 11 and and CC 34823 5064 12 vicious vicious JJ 34823 5064 13 , , , 34823 5064 14 circle circle NN 34823 5064 15 in in IN 34823 5064 16 value value NN 34823 5064 17 causation causation NN 34823 5064 18 , , , 34823 5064 19 the the DT 34823 5064 20 value value NN 34823 5064 21 mounting mount VBG 34823 5064 22 indefinitely indefinitely RB 34823 5064 23 , , , 34823 5064 24 building build VBG 34823 5064 25 upon upon IN 34823 5064 26 itself -PRON- PRP 34823 5064 27 , , , 34823 5064 28 a a DT 34823 5064 29 sort sort NN 34823 5064 30 of of IN 34823 5064 31 " " `` 34823 5064 32 pyramiding pyramid VBG 34823 5064 33 " " '' 34823 5064 34 process process NN 34823 5064 35 . . . 34823 5065 1 But but CC 34823 5065 2 the the DT 34823 5065 3 limitation limitation NN 34823 5065 4 comes come VBZ 34823 5065 5 from from IN 34823 5065 6 several several JJ 34823 5065 7 angles angle NNS 34823 5065 8 . . . 34823 5066 1 In in IN 34823 5066 2 the the DT 34823 5066 3 first first JJ 34823 5066 4 place place NN 34823 5066 5 , , , 34823 5066 6 _ _ NNP 34823 5066 7 as as IN 34823 5066 8 _ _ NNP 34823 5066 9 diamonds diamond NNS 34823 5066 10 rise rise VBP 34823 5066 11 in in IN 34823 5066 12 value value NN 34823 5066 13 , , , 34823 5066 14 from from IN 34823 5066 15 whatever whatever WDT 34823 5066 16 cause cause NN 34823 5066 17 , , , 34823 5066 18 a a DT 34823 5066 19 smaller small JJR 34823 5066 20 and and CC 34823 5066 21 smaller small JJR 34823 5066 22 number number NN 34823 5066 23 of of IN 34823 5066 24 diamonds diamond NNS 34823 5066 25 is be VBZ 34823 5066 26 required require VBN 34823 5066 27 to to TO 34823 5066 28 display display VB 34823 5066 29 a a DT 34823 5066 30 given give VBN 34823 5066 31 amount amount NN 34823 5066 32 of of IN 34823 5066 33 wealth wealth NN 34823 5066 34 ! ! . 34823 5067 1 The the DT 34823 5067 2 increase increase NN 34823 5067 3 in in IN 34823 5067 4 the the DT 34823 5067 5 value value NN 34823 5067 6 makes make VBZ 34823 5067 7 each each DT 34823 5067 8 diamond diamond NN 34823 5067 9 so so RB 34823 5067 10 much much RB 34823 5067 11 more more RBR 34823 5067 12 effective effective JJ 34823 5067 13 for for IN 34823 5067 14 the the DT 34823 5067 15 purpose purpose NN 34823 5067 16 in in IN 34823 5067 17 hand hand NN 34823 5067 18 that that WDT 34823 5067 19 it -PRON- PRP 34823 5067 20 tends tend VBZ 34823 5067 21 to to TO 34823 5067 22 cut cut VB 34823 5067 23 under under IN 34823 5067 24 the the DT 34823 5067 25 cause cause NN 34823 5067 26 of of IN 34823 5067 27 the the DT 34823 5067 28 increase increase NN 34823 5067 29 . . . 34823 5068 1 These these DT 34823 5068 2 two two CD 34823 5068 3 tendencies tendency NNS 34823 5068 4 come come VBP 34823 5068 5 into into IN 34823 5068 6 some some DT 34823 5068 7 sort sort NN 34823 5068 8 of of IN 34823 5068 9 equilibrium equilibrium NN 34823 5068 10 . . . 34823 5069 1 I -PRON- PRP 34823 5069 2 suppose suppose VBP 34823 5069 3 that that IN 34823 5069 4 by by IN 34823 5069 5 making make VBG 34823 5069 6 strict strict JJ 34823 5069 7 enough enough JJ 34823 5069 8 assumptions assumption NNS 34823 5069 9 , , , 34823 5069 10 and and CC 34823 5069 11 limiting limit VBG 34823 5069 12 the the DT 34823 5069 13 problem problem NN 34823 5069 14 rigidly rigidly RB 34823 5069 15 , , , 34823 5069 16 it -PRON- PRP 34823 5069 17 would would MD 34823 5069 18 be be VB 34823 5069 19 possible possible JJ 34823 5069 20 for for IN 34823 5069 21 the the DT 34823 5069 22 mathematician mathematician NN 34823 5069 23 to to TO 34823 5069 24 work work VB 34823 5069 25 out out RP 34823 5069 26 a a DT 34823 5069 27 formula formula NN 34823 5069 28 for for IN 34823 5069 29 this this DT 34823 5069 30 equilibrium equilibrium NN 34823 5069 31 , , , 34823 5069 32 letting let VBG 34823 5069 33 the the DT 34823 5069 34 increment increment NN 34823 5069 35 in in IN 34823 5069 36 value value NN 34823 5069 37 grow grow VB 34823 5069 38 feebler feebler NN 34823 5069 39 with with IN 34823 5069 40 each each DT 34823 5069 41 rebound rebound NN 34823 5069 42 , , , 34823 5069 43 till till IN 34823 5069 44 at at IN 34823 5069 45 last last JJ 34823 5069 46 it -PRON- PRP 34823 5069 47 is be VBZ 34823 5069 48 dissipated dissipate VBN 34823 5069 49 in in IN 34823 5069 50 infinitesimals infinitesimal NNS 34823 5069 51 . . . 34823 5070 1 In in IN 34823 5070 2 the the DT 34823 5070 3 second second JJ 34823 5070 4 place place NN 34823 5070 5 , , , 34823 5070 6 diamonds diamond NNS 34823 5070 7 are be VBP 34823 5070 8 not not RB 34823 5070 9 alone alone RB 34823 5070 10 in in IN 34823 5070 11 performing perform VBG 34823 5070 12 this this DT 34823 5070 13 service service NN 34823 5070 14 . . . 34823 5071 1 They -PRON- PRP 34823 5071 2 must must MD 34823 5071 3 compete compete VB 34823 5071 4 with with IN 34823 5071 5 other other JJ 34823 5071 6 precious precious JJ 34823 5071 7 stones stone NNS 34823 5071 8 , , , 34823 5071 9 with with IN 34823 5071 10 the the DT 34823 5071 11 precious precious JJ 34823 5071 12 metals metal NNS 34823 5071 13 , , , 34823 5071 14 with with IN 34823 5071 15 limousines limousine NNS 34823 5071 16 and and CC 34823 5071 17 Turkish turkish JJ 34823 5071 18 rugs rug NNS 34823 5071 19 , , , 34823 5071 20 with with IN 34823 5071 21 servants servant NNS 34823 5071 22 and and CC 34823 5071 23 livery livery NN 34823 5071 24 , , , 34823 5071 25 with with IN 34823 5071 26 houses house NNS 34823 5071 27 and and CC 34823 5071 28 lots lot NNS 34823 5071 29 in in IN 34823 5071 30 restricted restrict VBN 34823 5071 31 neighborhoods neighborhood NNS 34823 5071 32 , , , 34823 5071 33 with with IN 34823 5071 34 opera opera NN 34823 5071 35 boxes box NNS 34823 5071 36 and and CC 34823 5071 37 memberships membership NNS 34823 5071 38 in in IN 34823 5071 39 clubs club NNS 34823 5071 40 which which WDT 34823 5071 41 confer confer VBP 34823 5071 42 prestige prestige NN 34823 5071 43 , , , 34823 5071 44 with with IN 34823 5071 45 a a DT 34823 5071 46 very very RB 34823 5071 47 wide wide JJ 34823 5071 48 range range NN 34823 5071 49 of of IN 34823 5071 50 goods good NNS 34823 5071 51 , , , 34823 5071 52 for for IN 34823 5071 53 the the DT 34823 5071 54 detailed detailed JJ 34823 5071 55 discussion discussion NN 34823 5071 56 of of IN 34823 5071 57 which which WDT 34823 5071 58 I -PRON- PRP 34823 5071 59 would would MD 34823 5071 60 refer refer VB 34823 5071 61 again again RB 34823 5071 62 to to IN 34823 5071 63 Veblen Veblen NNP 34823 5071 64 's 's POS 34823 5071 65 _ _ NNP 34823 5071 66 Theory Theory NNP 34823 5071 67 of of IN 34823 5071 68 the the DT 34823 5071 69 Leisure Leisure NNP 34823 5071 70 Class Class NNP 34823 5071 71 _ _ NNP 34823 5071 72 . . . 34823 5072 1 The the DT 34823 5072 2 _ _ NNP 34823 5072 3 differential differential NN 34823 5072 4 _ _ NNP 34823 5072 5 advantage advantage NN 34823 5072 6 of of IN 34823 5072 7 diamonds diamond NNS 34823 5072 8 , , , 34823 5072 9 when when WRB 34823 5072 10 it -PRON- PRP 34823 5072 11 is be VBZ 34823 5072 12 borne bear VBN 34823 5072 13 in in IN 34823 5072 14 mind mind NN 34823 5072 15 that that IN 34823 5072 16 the the DT 34823 5072 17 conspicuous conspicuous JJ 34823 5072 18 display display NN 34823 5072 19 of of IN 34823 5072 20 wealth wealth NN 34823 5072 21 is be VBZ 34823 5072 22 not not RB 34823 5072 23 the the DT 34823 5072 24 _ _ NNP 34823 5072 25 only only RB 34823 5072 26 _ _ NNP 34823 5072 27 purpose purpose NN 34823 5072 28 , , , 34823 5072 29 as as IN 34823 5072 30 a a DT 34823 5072 31 rule rule NN 34823 5072 32 , , , 34823 5072 33 for for IN 34823 5072 34 which which WDT 34823 5072 35 any any DT 34823 5072 36 of of IN 34823 5072 37 these these DT 34823 5072 38 things thing NNS 34823 5072 39 are be VBP 34823 5072 40 bought buy VBN 34823 5072 41 , , , 34823 5072 42 that that IN 34823 5072 43 the the DT 34823 5072 44 concrete concrete JJ 34823 5072 45 diamond diamond NN 34823 5072 46 , , , 34823 5072 47 or or CC 34823 5072 48 other other JJ 34823 5072 49 good good JJ 34823 5072 50 bought buy VBN 34823 5072 51 , , , 34823 5072 52 is be VBZ 34823 5072 53 a a DT 34823 5072 54 _ _ NNP 34823 5072 55 bundle bundle NN 34823 5072 56 _ _ NNP 34823 5072 57 of of IN 34823 5072 58 valuable valuable JJ 34823 5072 59 services,[489 services,[489 NN 34823 5072 60 ] ] -RRB- 34823 5072 61 of of IN 34823 5072 62 which which WDT 34823 5072 63 the the DT 34823 5072 64 displaying displaying NN 34823 5072 65 of of IN 34823 5072 66 wealth wealth NN 34823 5072 67 is be VBZ 34823 5072 68 only only RB 34823 5072 69 one one CD 34823 5072 70 , , , 34823 5072 71 is be VBZ 34823 5072 72 not not RB 34823 5072 73 , , , 34823 5072 74 necessarily necessarily RB 34823 5072 75 very very RB 34823 5072 76 great great JJ 34823 5072 77 . . . 34823 5073 1 For for IN 34823 5073 2 many many JJ 34823 5073 3 people people NNS 34823 5073 4 , , , 34823 5073 5 other other JJ 34823 5073 6 forms form NNS 34823 5073 7 of of IN 34823 5073 8 wealth wealth NN 34823 5073 9 do do VBP 34823 5073 10 better better RB 34823 5073 11 . . . 34823 5074 1 And and CC 34823 5074 2 , , , 34823 5074 3 as as IN 34823 5074 4 a a DT 34823 5074 5 rule rule NN 34823 5074 6 , , , 34823 5074 7 diamonds diamond NNS 34823 5074 8 would would MD 34823 5074 9 not not RB 34823 5074 10 perform perform VB 34823 5074 11 that that DT 34823 5074 12 service service NN 34823 5074 13 satisfactorily satisfactorily RB 34823 5074 14 alone alone RB 34823 5074 15 . . . 34823 5075 1 A a DT 34823 5075 2 large large JJ 34823 5075 3 number number NN 34823 5075 4 of of IN 34823 5075 5 diamonds diamond NNS 34823 5075 6 , , , 34823 5075 7 without without IN 34823 5075 8 proper proper JJ 34823 5075 9 " " `` 34823 5075 10 setting setting NN 34823 5075 11 , , , 34823 5075 12 " " '' 34823 5075 13 in in IN 34823 5075 14 clothing clothing NN 34823 5075 15 , , , 34823 5075 16 servants servant NNS 34823 5075 17 , , , 34823 5075 18 house house NN 34823 5075 19 , , , 34823 5075 20 opera opera NNP 34823 5075 21 box box NNP 34823 5075 22 , , , 34823 5075 23 etc etc FW 34823 5075 24 . . . 34823 5075 25 , , , 34823 5075 26 would would MD 34823 5075 27 excite excite VB 34823 5075 28 ridicule ridicule NN 34823 5075 29 , , , 34823 5075 30 and and CC 34823 5075 31 fail[490 fail[490 LS 34823 5075 32 ] ] -RRB- 34823 5075 33 in in IN 34823 5075 34 their -PRON- PRP$ 34823 5075 35 purpose purpose NN 34823 5075 36 of of IN 34823 5075 37 gaining gain VBG 34823 5075 38 social social JJ 34823 5075 39 prestige prestige NN 34823 5075 40 . . . 34823 5076 1 They -PRON- PRP 34823 5076 2 must must MD 34823 5076 3 be be VB 34823 5076 4 part part NN 34823 5076 5 of of IN 34823 5076 6 a a DT 34823 5076 7 complex complex NN 34823 5076 8 of of IN 34823 5076 9 goods good NNS 34823 5076 10 of of IN 34823 5076 11 the the DT 34823 5076 12 same same JJ 34823 5076 13 sort sort NN 34823 5076 14 , , , 34823 5076 15 to to TO 34823 5076 16 accomplish accomplish VB 34823 5076 17 their -PRON- PRP$ 34823 5076 18 purpose purpose NN 34823 5076 19 . . . 34823 5077 1 Now now RB 34823 5077 2 it -PRON- PRP 34823 5077 3 is be VBZ 34823 5077 4 the the DT 34823 5077 5 _ _ NNP 34823 5077 6 differential differential NN 34823 5077 7 _ _ NNP 34823 5077 8 advantage advantage NN 34823 5077 9 of of IN 34823 5077 10 diamonds diamond NNS 34823 5077 11 which which WDT 34823 5077 12 makes make VBZ 34823 5077 13 possible possible JJ 34823 5077 14 the the DT 34823 5077 15 extra extra JJ 34823 5077 16 value value NN 34823 5077 17 , , , 34823 5077 18 in in IN 34823 5077 19 this this DT 34823 5077 20 use use NN 34823 5077 21 . . . 34823 5078 1 If if IN 34823 5078 2 all all DT 34823 5078 3 wealth wealth NN 34823 5078 4 were be VBD 34823 5078 5 equally equally RB 34823 5078 6 serviceable serviceable JJ 34823 5078 7 in in IN 34823 5078 8 conspicuous conspicuous JJ 34823 5078 9 display display NN 34823 5078 10 , , , 34823 5078 11 if if IN 34823 5078 12 cattle cattle NNS 34823 5078 13 and and CC 34823 5078 14 barns barn NNS 34823 5078 15 and and CC 34823 5078 16 shares share NNS 34823 5078 17 in in IN 34823 5078 18 a a DT 34823 5078 19 coal coal NN 34823 5078 20 mine mine NN 34823 5078 21 or or CC 34823 5078 22 slaughter slaughter NN 34823 5078 23 - - HYPH 34823 5078 24 house house NN 34823 5078 25 or or CC 34823 5078 26 glue glue NN 34823 5078 27 factory factory NN 34823 5078 28 could could MD 34823 5078 29 display display VB 34823 5078 30 themselves -PRON- PRP 34823 5078 31 as as RB 34823 5078 32 well well RB 34823 5078 33 as as IN 34823 5078 34 diamonds diamond NNS 34823 5078 35 can can MD 34823 5078 36 , , , 34823 5078 37 and and CC 34823 5078 38 if if IN 34823 5078 39 possession possession NN 34823 5078 40 of of IN 34823 5078 41 these these DT 34823 5078 42 things thing NNS 34823 5078 43 conferred confer VBD 34823 5078 44 prestige prestige NN 34823 5078 45 as as RB 34823 5078 46 much much JJ 34823 5078 47 as as IN 34823 5078 48 possession possession NN 34823 5078 49 of of IN 34823 5078 50 diamonds diamond NNS 34823 5078 51 does do VBZ 34823 5078 52 , , , 34823 5078 53 this this DT 34823 5078 54 differential differential NN 34823 5078 55 advantage advantage NN 34823 5078 56 of of IN 34823 5078 57 diamonds diamond NNS 34823 5078 58 would would MD 34823 5078 59 disappear disappear VB 34823 5078 60 , , , 34823 5078 61 and and CC 34823 5078 62 with with IN 34823 5078 63 it -PRON- PRP 34823 5078 64 all all DT 34823 5078 65 extra extra JJ 34823 5078 66 value value NN 34823 5078 67 from from IN 34823 5078 68 that that DT 34823 5078 69 cause cause NN 34823 5078 70 . . . 34823 5079 1 Diamonds diamond NNS 34823 5079 2 are be VBP 34823 5079 3 members member NNS 34823 5079 4 of of IN 34823 5079 5 a a DT 34823 5079 6 _ _ NNP 34823 5079 7 class class NN 34823 5079 8 _ _ NNP 34823 5079 9 of of IN 34823 5079 10 goods good NNS 34823 5079 11 , , , 34823 5079 12 a a DT 34823 5079 13 restricted restrict VBN 34823 5079 14 , , , 34823 5079 15 but but CC 34823 5079 16 still still RB 34823 5079 17 large large JJ 34823 5079 18 class class NN 34823 5079 19 , , , 34823 5079 20 which which WDT 34823 5079 21 possess possess VBP 34823 5079 22 this this DT 34823 5079 23 advantage advantage NN 34823 5079 24 . . . 34823 5080 1 We -PRON- PRP 34823 5080 2 may may MD 34823 5080 3 apply apply VB 34823 5080 4 the the DT 34823 5080 5 old old JJ 34823 5080 6 Ricardian ricardian JJ 34823 5080 7 rent rent NN 34823 5080 8 analysis analysis NN 34823 5080 9 here here RB 34823 5080 10 , , , 34823 5080 11 arranging arrange VBG 34823 5080 12 goods good NNS 34823 5080 13 in in IN 34823 5080 14 a a DT 34823 5080 15 series series NN 34823 5080 16 from from IN 34823 5080 17 the the DT 34823 5080 18 standpoint standpoint NN 34823 5080 19 of of IN 34823 5080 20 their -PRON- PRP$ 34823 5080 21 capacity capacity NN 34823 5080 22 to to TO 34823 5080 23 perform perform VB 34823 5080 24 this this DT 34823 5080 25 additional additional JJ 34823 5080 26 service service NN 34823 5080 27 . . . 34823 5081 1 Bread bread NN 34823 5081 2 would would MD 34823 5081 3 , , , 34823 5081 4 for for IN 34823 5081 5 the the DT 34823 5081 6 purpose purpose NN 34823 5081 7 in in IN 34823 5081 8 hand hand NN 34823 5081 9 , , , 34823 5081 10 be be VB 34823 5081 11 a a DT 34823 5081 12 " " `` 34823 5081 13 no no DT 34823 5081 14 - - HYPH 34823 5081 15 rent rent NN 34823 5081 16 " " '' 34823 5081 17 good good JJ 34823 5081 18 . . . 34823 5082 1 Ford Ford NNP 34823 5082 2 automobiles automobile NNS 34823 5082 3 are be VBP 34823 5082 4 probably probably RB 34823 5082 5 nearly nearly RB 34823 5082 6 no no DT 34823 5082 7 - - HYPH 34823 5082 8 rent rent NN 34823 5082 9 goods good NNS 34823 5082 10 now now RB 34823 5082 11 ! ! . 34823 5083 1 That that IN 34823 5083 2 the the DT 34823 5083 3 differential differential NN 34823 5083 4 factor factor NN 34823 5083 5 is be VBZ 34823 5083 6 a a DT 34823 5083 7 _ _ NNP 34823 5083 8 cause cause IN 34823 5083 9 _ _ NNP 34823 5083 10 of of IN 34823 5083 11 value value NN 34823 5083 12 in in IN 34823 5083 13 land land NN 34823 5083 14 , , , 34823 5083 15 as as IN 34823 5083 16 the the DT 34823 5083 17 Ricardian ricardian JJ 34823 5083 18 doctrine doctrine NN 34823 5083 19 seems seem VBZ 34823 5083 20 to to TO 34823 5083 21 hold hold VB 34823 5083 22 , , , 34823 5083 23 is be VBZ 34823 5083 24 not not RB 34823 5083 25 , , , 34823 5083 26 I -PRON- PRP 34823 5083 27 think think VBP 34823 5083 28 , , , 34823 5083 29 true true JJ 34823 5083 30 . . . 34823 5084 1 If if IN 34823 5084 2 all all DT 34823 5084 3 land land NN 34823 5084 4 were be VBD 34823 5084 5 of of IN 34823 5084 6 equal equal JJ 34823 5084 7 quality quality NN 34823 5084 8 , , , 34823 5084 9 and and CC 34823 5084 10 of of IN 34823 5084 11 equal equal JJ 34823 5084 12 accessibility accessibility NN 34823 5084 13 to to IN 34823 5084 14 the the DT 34823 5084 15 market market NN 34823 5084 16 , , , 34823 5084 17 all all DT 34823 5084 18 land land NN 34823 5084 19 would would MD 34823 5084 20 still still RB 34823 5084 21 bear bear VB 34823 5084 22 a a DT 34823 5084 23 rent rent NN 34823 5084 24 , , , 34823 5084 25 if if IN 34823 5084 26 it -PRON- PRP 34823 5084 27 produced produce VBD 34823 5084 28 goods good NNS 34823 5084 29 which which WDT 34823 5084 30 had have VBD 34823 5084 31 value value NN 34823 5084 32 , , , 34823 5084 33 and and CC 34823 5084 34 if if IN 34823 5084 35 the the DT 34823 5084 36 land land NN 34823 5084 37 were be VBD 34823 5084 38 sufficiently sufficiently RB 34823 5084 39 restricted restrict VBN 34823 5084 40 in in IN 34823 5084 41 quantity quantity NN 34823 5084 42 . . . 34823 5085 1 [ [ -LRB- 34823 5085 2 491 491 CD 34823 5085 3 ] ] -RRB- 34823 5085 4 But but CC 34823 5085 5 here here RB 34823 5085 6 is be VBZ 34823 5085 7 a a DT 34823 5085 8 case case NN 34823 5085 9 where where WRB 34823 5085 10 the the DT 34823 5085 11 differential differential NN 34823 5085 12 factor factor NN 34823 5085 13 is be VBZ 34823 5085 14 an an DT 34823 5085 15 actual actual JJ 34823 5085 16 _ _ NNP 34823 5085 17 cause cause IN 34823 5085 18 _ _ NNP 34823 5085 19 of of IN 34823 5085 20 value value NN 34823 5085 21 . . . 34823 5086 1 If if IN 34823 5086 2 all all DT 34823 5086 3 wealth wealth NN 34823 5086 4 were be VBD 34823 5086 5 equally equally RB 34823 5086 6 effective effective JJ 34823 5086 7 in in IN 34823 5086 8 displaying display VBG 34823 5086 9 itself -PRON- PRP 34823 5086 10 , , , 34823 5086 11 no no DT 34823 5086 12 form form NN 34823 5086 13 of of IN 34823 5086 14 wealth wealth NN 34823 5086 15 could could MD 34823 5086 16 gain gain VB 34823 5086 17 in in IN 34823 5086 18 value value NN 34823 5086 19 as as IN 34823 5086 20 a a DT 34823 5086 21 means means NN 34823 5086 22 of of IN 34823 5086 23 display display NN 34823 5086 24 . . . 34823 5087 1 This this DT 34823 5087 2 proposition proposition NN 34823 5087 3 calls call VBZ 34823 5087 4 for for IN 34823 5087 5 one one CD 34823 5087 6 important important JJ 34823 5087 7 qualification qualification NN 34823 5087 8 . . . 34823 5088 1 The the DT 34823 5088 2 fact fact NN 34823 5088 3 that that IN 34823 5088 4 wealth wealth NN 34823 5088 5 , , , 34823 5088 6 in in IN 34823 5088 7 general general JJ 34823 5088 8 , , , 34823 5088 9 confers confer VBZ 34823 5088 10 prestige prestige NNP 34823 5088 11 is be VBZ 34823 5088 12 , , , 34823 5088 13 undoubtedly undoubtedly RB 34823 5088 14 , , , 34823 5088 15 a a DT 34823 5088 16 source source NN 34823 5088 17 of of IN 34823 5088 18 stimulus stimulus NN 34823 5088 19 in in IN 34823 5088 20 wealth wealth NN 34823 5088 21 creation creation NN 34823 5088 22 and and CC 34823 5088 23 acquisition acquisition NN 34823 5088 24 , , , 34823 5088 25 and and CC 34823 5088 26 a a DT 34823 5088 27 big big JJ 34823 5088 28 source source NN 34823 5088 29 of of IN 34823 5088 30 the the DT 34823 5088 31 value[492 value[492 NNS 34823 5088 32 ] ] -RRB- 34823 5088 33 of of IN 34823 5088 34 total total JJ 34823 5088 35 wealth wealth NN 34823 5088 36 . . . 34823 5089 1 It -PRON- PRP 34823 5089 2 is be VBZ 34823 5089 3 probable probable JJ 34823 5089 4 , , , 34823 5089 5 however however RB 34823 5089 6 , , , 34823 5089 7 that that IN 34823 5089 8 it -PRON- PRP 34823 5089 9 is be VBZ 34823 5089 10 so so RB 34823 5089 11 great great JJ 34823 5089 12 a a DT 34823 5089 13 stimulus stimulus NN 34823 5089 14 to to IN 34823 5089 15 production production NN 34823 5089 16 that that IN 34823 5089 17 it -PRON- PRP 34823 5089 18 defeats defeat VBZ 34823 5089 19 itself -PRON- PRP 34823 5089 20 so so RB 34823 5089 21 far far RB 34823 5089 22 as as IN 34823 5089 23 the the DT 34823 5089 24 values value NNS 34823 5089 25 of of IN 34823 5089 26 _ _ NNP 34823 5089 27 units unit NNS 34823 5089 28 _ _ NNP 34823 5089 29 of of IN 34823 5089 30 goods good NNS 34823 5089 31 are be VBP 34823 5089 32 concerned concern VBN 34823 5089 33 . . . 34823 5090 1 It -PRON- PRP 34823 5090 2 stimulates stimulate VBZ 34823 5090 3 production production NN 34823 5090 4 , , , 34823 5090 5 which which WDT 34823 5090 6 reduces reduce VBZ 34823 5090 7 the the DT 34823 5090 8 marginal marginal JJ 34823 5090 9 values value NNS 34823 5090 10 that that WDT 34823 5090 11 arise arise VBP 34823 5090 12 from from IN 34823 5090 13 other other JJ 34823 5090 14 causes cause NNS 34823 5090 15 . . . 34823 5091 1 Thus thus RB 34823 5091 2 , , , 34823 5091 3 while while IN 34823 5091 4 a a DT 34823 5091 5 source source NN 34823 5091 6 of of IN 34823 5091 7 additional additional JJ 34823 5091 8 value value NN 34823 5091 9 to to IN 34823 5091 10 the the DT 34823 5091 11 _ _ NNP 34823 5091 12 aggregate aggregate NN 34823 5091 13 _ _ NNP 34823 5091 14 of of IN 34823 5091 15 wealth wealth NN 34823 5091 16 , , , 34823 5091 17 it -PRON- PRP 34823 5091 18 probably probably RB 34823 5091 19 reduces reduce VBZ 34823 5091 20 the the DT 34823 5091 21 values value NNS 34823 5091 22 of of IN 34823 5091 23 given give VBN 34823 5091 24 items item NNS 34823 5091 25 . . . 34823 5092 1 I -PRON- PRP 34823 5092 2 have have VBP 34823 5092 3 dwelt dwell VBN 34823 5092 4 at at IN 34823 5092 5 length length NN 34823 5092 6 on on IN 34823 5092 7 the the DT 34823 5092 8 case case NN 34823 5092 9 of of IN 34823 5092 10 diamonds diamond NNS 34823 5092 11 , , , 34823 5092 12 because because IN 34823 5092 13 principles principle NNS 34823 5092 14 applying apply VBG 34823 5092 15 there there EX 34823 5092 16 will will MD 34823 5092 17 give give VB 34823 5092 18 us -PRON- PRP 34823 5092 19 important important JJ 34823 5092 20 clues clue NNS 34823 5092 21 to to IN 34823 5092 22 the the DT 34823 5092 23 case case NN 34823 5092 24 of of IN 34823 5092 25 the the DT 34823 5092 26 value value NN 34823 5092 27 of of IN 34823 5092 28 money money NN 34823 5092 29 . . . 34823 5093 1 Money money NN 34823 5093 2 , , , 34823 5093 3 by by IN 34823 5093 4 being be VBG 34823 5093 5 valuable valuable JJ 34823 5093 6 , , , 34823 5093 7 is be VBZ 34823 5093 8 so so RB 34823 5093 9 far far RB 34823 5093 10 equipped equip VBN 34823 5093 11 to to TO 34823 5093 12 perform perform VB 34823 5093 13 the the DT 34823 5093 14 money money NN 34823 5093 15 service service NN 34823 5093 16 . . . 34823 5094 1 But but CC 34823 5094 2 its -PRON- PRP$ 34823 5094 3 _ _ NNP 34823 5094 4 differential differential NN 34823 5094 5 _ _ NNP 34823 5094 6 advantage advantage NN 34823 5094 7 over over IN 34823 5094 8 other other JJ 34823 5094 9 valuable valuable JJ 34823 5094 10 things thing NNS 34823 5094 11 comes come VBZ 34823 5094 12 from from IN 34823 5094 13 its -PRON- PRP$ 34823 5094 14 superior superior JJ 34823 5094 15 _ _ NNP 34823 5094 16 saleability saleability NN 34823 5094 17 _ _ NNP 34823 5094 18 . . . 34823 5095 1 Its -PRON- PRP$ 34823 5095 2 original original JJ 34823 5095 3 value value NN 34823 5095 4 comes come VBZ 34823 5095 5 from from IN 34823 5095 6 non non JJ 34823 5095 7 - - JJ 34823 5095 8 monetary monetary JJ 34823 5095 9 causes cause NNS 34823 5095 10 , , , 34823 5095 11 and and CC 34823 5095 12 has have VBZ 34823 5095 13 been be VBN 34823 5095 14 sufficiently sufficiently RB 34823 5095 15 explained explain VBN 34823 5095 16 in in IN 34823 5095 17 the the DT 34823 5095 18 chapter chapter NN 34823 5095 19 on on IN 34823 5095 20 " " `` 34823 5095 21 Dodo Dodo NNP 34823 5095 22 - - HYPH 34823 5095 23 Bones Bones NNPS 34823 5095 24 " " '' 34823 5095 25 and and CC 34823 5095 26 in in IN 34823 5095 27 the the DT 34823 5095 28 chapter chapter NN 34823 5095 29 on on IN 34823 5095 30 the the DT 34823 5095 31 " " `` 34823 5095 32 Origin Origin NNP 34823 5095 33 of of IN 34823 5095 34 Money Money NNP 34823 5095 35 . . . 34823 5095 36 " " '' 34823 5096 1 The the DT 34823 5096 2 extra extra JJ 34823 5096 3 value value NN 34823 5096 4 which which WDT 34823 5096 5 comes come VBZ 34823 5096 6 from from IN 34823 5096 7 the the DT 34823 5096 8 money money NN 34823 5096 9 functions function NNS 34823 5096 10 rests rest VBZ 34823 5096 11 chiefly chiefly RB 34823 5096 12 in in IN 34823 5096 13 its -PRON- PRP$ 34823 5096 14 superior superior JJ 34823 5096 15 _ _ NNP 34823 5096 16 saleability saleability NN 34823 5096 17 _ _ NNP 34823 5096 18 . . . 34823 5097 1 Saleability saleability NN 34823 5097 2 is be VBZ 34823 5097 3 itself -PRON- PRP 34823 5097 4 a a DT 34823 5097 5 cause cause NN 34823 5097 6 of of IN 34823 5097 7 additional additional JJ 34823 5097 8 value value NN 34823 5097 9 . . . 34823 5098 1 But but CC 34823 5098 2 here here RB 34823 5098 3 again again RB 34823 5098 4 we -PRON- PRP 34823 5098 5 may may MD 34823 5098 6 arrange arrange VB 34823 5098 7 goods good NNS 34823 5098 8 in in IN 34823 5098 9 a a DT 34823 5098 10 series series NN 34823 5098 11 , , , 34823 5098 12 starting start VBG 34823 5098 13 with with IN 34823 5098 14 the the DT 34823 5098 15 least least JJS 34823 5098 16 saleable saleable JJ 34823 5098 17 , , , 34823 5098 18 and and CC 34823 5098 19 ending end VBG 34823 5098 20 in in IN 34823 5098 21 money money NN 34823 5098 22 . . . 34823 5099 1 Money money NN 34823 5099 2 has have VBZ 34823 5099 3 an an DT 34823 5099 4 advantage advantage NN 34823 5099 5 , , , 34823 5099 6 but but CC 34823 5099 7 its -PRON- PRP$ 34823 5099 8 advantage advantage NN 34823 5099 9 is be VBZ 34823 5099 10 not not RB 34823 5099 11 absolute absolute JJ 34823 5099 12 . . . 34823 5100 1 Under under IN 34823 5100 2 a a DT 34823 5100 3 system system NN 34823 5100 4 of of IN 34823 5100 5 free free JJ 34823 5100 6 coinage coinage NN 34823 5100 7 , , , 34823 5100 8 gold gold JJ 34823 5100 9 bullion bullion NN 34823 5100 10 is be VBZ 34823 5100 11 virtually virtually RB 34823 5100 12 on on IN 34823 5100 13 a a DT 34823 5100 14 par par NN 34823 5100 15 with with IN 34823 5100 16 coin coin NN 34823 5100 17 , , , 34823 5100 18 and and CC 34823 5100 19 even even RB 34823 5100 20 without without IN 34823 5100 21 free free JJ 34823 5100 22 coinage coinage NN 34823 5100 23 , , , 34823 5100 24 bullion bullion NN 34823 5100 25 is be VBZ 34823 5100 26 for for IN 34823 5100 27 many many JJ 34823 5100 28 purposes purpose NNS 34823 5100 29 as as IN 34823 5100 30 good good JJ 34823 5100 31 , , , 34823 5100 32 and and CC 34823 5100 33 for for IN 34823 5100 34 foreign foreign JJ 34823 5100 35 exchange exchange NN 34823 5100 36 may may MD 34823 5100 37 be be VB 34823 5100 38 better well JJR 34823 5100 39 . . . 34823 5101 1 Modern modern JJ 34823 5101 2 credit credit NN 34823 5101 3 , , , 34823 5101 4 moreover moreover RB 34823 5101 5 , , , 34823 5101 6 as as IN 34823 5101 7 has have VBZ 34823 5101 8 been be VBN 34823 5101 9 indicated indicate VBN 34823 5101 10 before before RB 34823 5101 11 , , , 34823 5101 12 tends tend VBZ 34823 5101 13 to to TO 34823 5101 14 add add VB 34823 5101 15 to to IN 34823 5101 16 the the DT 34823 5101 17 saleability saleability NN 34823 5101 18 of of IN 34823 5101 19 all all DT 34823 5101 20 goods good NNS 34823 5101 21 , , , 34823 5101 22 and and CC 34823 5101 23 so so RB 34823 5101 24 to to TO 34823 5101 25 lessen lessen VB 34823 5101 26 the the DT 34823 5101 27 differential differential NN 34823 5101 28 advantage advantage NN 34823 5101 29 of of IN 34823 5101 30 money money NN 34823 5101 31 . . . 34823 5102 1 Here here RB 34823 5102 2 , , , 34823 5102 3 again again RB 34823 5102 4 we -PRON- PRP 34823 5102 5 may may MD 34823 5102 6 see see VB 34823 5102 7 the the DT 34823 5102 8 principle principle NN 34823 5102 9 that that IN 34823 5102 10 the the DT 34823 5102 11 extra extra JJ 34823 5102 12 value value NN 34823 5102 13 that that WDT 34823 5102 14 comes come VBZ 34823 5102 15 from from IN 34823 5102 16 the the DT 34823 5102 17 differential differential NN 34823 5102 18 advantage advantage NN 34823 5102 19 tends tend VBZ 34823 5102 20 to to TO 34823 5102 21 limit limit VB 34823 5102 22 itself -PRON- PRP 34823 5102 23 . . . 34823 5103 1 As as IN 34823 5103 2 the the DT 34823 5103 3 money money NN 34823 5103 4 - - HYPH 34823 5103 5 use use NN 34823 5103 6 adds add VBZ 34823 5103 7 to to IN 34823 5103 8 the the DT 34823 5103 9 value value NN 34823 5103 10 of of IN 34823 5103 11 money money NN 34823 5103 12 , , , 34823 5103 13 a a DT 34823 5103 14 smaller small JJR 34823 5103 15 amount amount NN 34823 5103 16 of of IN 34823 5103 17 money money NN 34823 5103 18 is be VBZ 34823 5103 19 required require VBN 34823 5103 20 to to TO 34823 5103 21 do do VB 34823 5103 22 the the DT 34823 5103 23 money money NN 34823 5103 24 work work NN 34823 5103 25 , , , 34823 5103 26 and and CC 34823 5103 27 hence hence RB 34823 5103 28 the the DT 34823 5103 29 source source NN 34823 5103 30 of of IN 34823 5103 31 the the DT 34823 5103 32 increment increment NN 34823 5103 33 of of IN 34823 5103 34 value value NN 34823 5103 35 is be VBZ 34823 5103 36 cut cut VBN 34823 5103 37 under under IN 34823 5103 38 . . . 34823 5104 1 This this DT 34823 5104 2 principle principle NN 34823 5104 3 will will MD 34823 5104 4 partly partly RB 34823 5104 5 explain explain VB 34823 5104 6 why why WRB 34823 5104 7 the the DT 34823 5104 8 rental rental NN 34823 5104 9 of of IN 34823 5104 10 money money NN 34823 5104 11 can can MD 34823 5104 12 not not RB 34823 5104 13 be be VB 34823 5104 14 capitalized capitalize VBN 34823 5104 15 in in IN 34823 5104 16 the the DT 34823 5104 17 same same JJ 34823 5104 18 way way NN 34823 5104 19 that that WDT 34823 5104 20 the the DT 34823 5104 21 rental rental NN 34823 5104 22 of of IN 34823 5104 23 land land NN 34823 5104 24 can can MD 34823 5104 25 be be VB 34823 5104 26 . . . 34823 5105 1 Increasing increase VBG 34823 5105 2 the the DT 34823 5105 3 capital capital NN 34823 5105 4 value value NN 34823 5105 5 of of IN 34823 5105 6 land land NN 34823 5105 7 is be VBZ 34823 5105 8 not not RB 34823 5105 9 the the DT 34823 5105 10 same same JJ 34823 5105 11 as as IN 34823 5105 12 increasing increase VBG 34823 5105 13 the the DT 34823 5105 14 productive productive JJ 34823 5105 15 power power NN 34823 5105 16 of of IN 34823 5105 17 land land NN 34823 5105 18 . . . 34823 5106 1 But but CC 34823 5106 2 increasing increase VBG 34823 5106 3 the the DT 34823 5106 4 capital capital NN 34823 5106 5 value value NN 34823 5106 6 of of IN 34823 5106 7 money money NN 34823 5106 8 does do VBZ 34823 5106 9 mean mean VB 34823 5106 10 an an DT 34823 5106 11 addition addition NN 34823 5106 12 to to IN 34823 5106 13 the the DT 34823 5106 14 power power NN 34823 5106 15 of of IN 34823 5106 16 a a DT 34823 5106 17 dollar dollar NN 34823 5106 18 to to TO 34823 5106 19 do do VB 34823 5106 20 money money NN 34823 5106 21 work work VB 34823 5106 22 . . . 34823 5107 1 It -PRON- PRP 34823 5107 2 tends tend VBZ 34823 5107 3 , , , 34823 5107 4 moreover moreover RB 34823 5107 5 , , , 34823 5107 6 to to TO 34823 5107 7 lessen lessen VB 34823 5107 8 the the DT 34823 5107 9 work work NN 34823 5107 10 that that IN 34823 5107 11 there there EX 34823 5107 12 is be VBZ 34823 5107 13 for for IN 34823 5107 14 money money NN 34823 5107 15 to to TO 34823 5107 16 do do VB 34823 5107 17 , , , 34823 5107 18 both both CC 34823 5107 19 by by IN 34823 5107 20 reducing reduce VBG 34823 5107 21 the the DT 34823 5107 22 total total JJ 34823 5107 23 amount amount NN 34823 5107 24 of of IN 34823 5107 25 trading trading NN 34823 5107 26 , , , 34823 5107 27 and and CC 34823 5107 28 by by IN 34823 5107 29 increasing increase VBG 34823 5107 30 the the DT 34823 5107 31 incentive incentive NN 34823 5107 32 to to IN 34823 5107 33 the the DT 34823 5107 34 use use NN 34823 5107 35 of of IN 34823 5107 36 substitutes substitute NNS 34823 5107 37 for for IN 34823 5107 38 money money NN 34823 5107 39 . . . 34823 5108 1 Only only RB 34823 5108 2 a a DT 34823 5108 3 part part NN 34823 5108 4 of of IN 34823 5108 5 the the DT 34823 5108 6 value value NN 34823 5108 7 of of IN 34823 5108 8 the the DT 34823 5108 9 services service NNS 34823 5108 10 of of IN 34823 5108 11 money money NN 34823 5108 12 , , , 34823 5108 13 thus thus RB 34823 5108 14 , , , 34823 5108 15 can can MD 34823 5108 16 be be VB 34823 5108 17 added add VBN 34823 5108 18 to to IN 34823 5108 19 the the DT 34823 5108 20 capital capital NN 34823 5108 21 value value NN 34823 5108 22 of of IN 34823 5108 23 money money NN 34823 5108 24 . . . 34823 5109 1 There there EX 34823 5109 2 is be VBZ 34823 5109 3 a a DT 34823 5109 4 further further JJ 34823 5109 5 point point NN 34823 5109 6 which which WDT 34823 5109 7 is be VBZ 34823 5109 8 important important JJ 34823 5109 9 , , , 34823 5109 10 as as IN 34823 5109 11 differentiating differentiate VBG 34823 5109 12 money money NN 34823 5109 13 from from IN 34823 5109 14 diamonds diamond NNS 34823 5109 15 : : : 34823 5109 16 much much RB 34823 5109 17 more more JJR 34823 5109 18 of of IN 34823 5109 19 the the DT 34823 5109 20 value value NN 34823 5109 21 of of IN 34823 5109 22 the the DT 34823 5109 23 services service NNS 34823 5109 24 resting rest VBG 34823 5109 25 on on IN 34823 5109 26 the the DT 34823 5109 27 value value NN 34823 5109 28 of of IN 34823 5109 29 diamonds diamond NNS 34823 5109 30 can can MD 34823 5109 31 be be VB 34823 5109 32 added add VBN 34823 5109 33 to to IN 34823 5109 34 the the DT 34823 5109 35 capital capital NN 34823 5109 36 value value NN 34823 5109 37 of of IN 34823 5109 38 the the DT 34823 5109 39 diamonds diamond NNS 34823 5109 40 than than IN 34823 5109 41 is be VBZ 34823 5109 42 the the DT 34823 5109 43 case case NN 34823 5109 44 with with IN 34823 5109 45 money money NN 34823 5109 46 . . . 34823 5110 1 The the DT 34823 5110 2 reason reason NN 34823 5110 3 is be VBZ 34823 5110 4 that that IN 34823 5110 5 diamonds diamond NNS 34823 5110 6 may may MD 34823 5110 7 give give VB 34823 5110 8 forth forth RP 34823 5110 9 a a DT 34823 5110 10 continuous continuous JJ 34823 5110 11 flow flow NN 34823 5110 12 , , , 34823 5110 13 _ _ NNP 34823 5110 14 in in IN 34823 5110 15 the the DT 34823 5110 16 same same JJ 34823 5110 17 hands hand NNS 34823 5110 18 _ _ NNP 34823 5110 19 , , , 34823 5110 20 of of IN 34823 5110 21 the the DT 34823 5110 22 service service NN 34823 5110 23 of of IN 34823 5110 24 conspicuous conspicuous JJ 34823 5110 25 display display NN 34823 5110 26 of of IN 34823 5110 27 wealth wealth NN 34823 5110 28 . . . 34823 5111 1 Money money NN 34823 5111 2 , , , 34823 5111 3 however however RB 34823 5111 4 , , , 34823 5111 5 can can MD 34823 5111 6 perform perform VB 34823 5111 7 most most JJS 34823 5111 8 of of IN 34823 5111 9 its -PRON- PRP$ 34823 5111 10 services service NNS 34823 5111 11 for for IN 34823 5111 12 a a DT 34823 5111 13 given give VBN 34823 5111 14 owner owner NN 34823 5111 15 _ _ NNP 34823 5111 16 only only RB 34823 5111 17 once once IN 34823 5111 18 _ _ NNP 34823 5111 19 . . . 34823 5112 1 For for IN 34823 5112 2 a a DT 34823 5112 3 given give VBN 34823 5112 4 owner owner NN 34823 5112 5 , , , 34823 5112 6 it -PRON- PRP 34823 5112 7 can can MD 34823 5112 8 serve serve VB 34823 5112 9 only only RB 34823 5112 10 once once RB 34823 5112 11 as as IN 34823 5112 12 a a DT 34823 5112 13 medium medium NN 34823 5112 14 of of IN 34823 5112 15 exchange exchange NN 34823 5112 16 . . . 34823 5113 1 For for IN 34823 5113 2 one one CD 34823 5113 3 owner owner NN 34823 5113 4 , , , 34823 5113 5 it -PRON- PRP 34823 5113 6 can can MD 34823 5113 7 serve serve VB 34823 5113 8 only only RB 34823 5113 9 once once RB 34823 5113 10 as as RB 34823 5113 11 legal legal JJ 34823 5113 12 tender tender NN 34823 5113 13 for for IN 34823 5113 14 debts debt NNS 34823 5113 15 . . . 34823 5114 1 It -PRON- PRP 34823 5114 2 can can MD 34823 5114 3 serve serve VB 34823 5114 4 indefinitely indefinitely RB 34823 5114 5 as as IN 34823 5114 6 a a DT 34823 5114 7 store store NN 34823 5114 8 of of IN 34823 5114 9 value value NN 34823 5114 10 , , , 34823 5114 11 or or CC 34823 5114 12 as as IN 34823 5114 13 " " `` 34823 5114 14 bearer bearer NN 34823 5114 15 of of IN 34823 5114 16 options option NNS 34823 5114 17 . . . 34823 5114 18 " " '' 34823 5115 1 In in IN 34823 5115 2 these these DT 34823 5115 3 cases case NNS 34823 5115 4 , , , 34823 5115 5 however however RB 34823 5115 6 , , , 34823 5115 7 the the DT 34823 5115 8 relation relation NN 34823 5115 9 between between IN 34823 5115 10 value value NN 34823 5115 11 of of IN 34823 5115 12 service service NN 34823 5115 13 and and CC 34823 5115 14 capital capital NN 34823 5115 15 value value NN 34823 5115 16 does do VBZ 34823 5115 17 work work VB 34823 5115 18 out out RP 34823 5115 19 in in IN 34823 5115 20 accordance accordance NN 34823 5115 21 with with IN 34823 5115 22 the the DT 34823 5115 23 capitalization capitalization NN 34823 5115 24 theory theory NN 34823 5115 25 . . . 34823 5116 1 The the DT 34823 5116 2 money money NN 34823 5116 3 thus thus RB 34823 5116 4 held hold VBD 34823 5116 5 brings bring NNS 34823 5116 6 in in IN 34823 5116 7 no no DT 34823 5116 8 money money NN 34823 5116 9 income income NN 34823 5116 10 . . . 34823 5117 1 It -PRON- PRP 34823 5117 2 is be VBZ 34823 5117 3 held hold VBN 34823 5117 4 thus thus RB 34823 5117 5 only only RB 34823 5117 6 if if IN 34823 5117 7 the the DT 34823 5117 8 services service NNS 34823 5117 9 which which WDT 34823 5117 10 it -PRON- PRP 34823 5117 11 performs perform VBZ 34823 5117 12 are be VBP 34823 5117 13 equivalent equivalent JJ 34823 5117 14 to to IN 34823 5117 15 the the DT 34823 5117 16 income income NN 34823 5117 17 which which WDT 34823 5117 18 would would MD 34823 5117 19 come come VB 34823 5117 20 if if IN 34823 5117 21 it -PRON- PRP 34823 5117 22 were be VBD 34823 5117 23 alienated alienate VBN 34823 5117 24 , , , 34823 5117 25 and and CC 34823 5117 26 something something NN 34823 5117 27 which which WDT 34823 5117 28 would would MD 34823 5117 29 bring bring VB 34823 5117 30 in in RP 34823 5117 31 a a DT 34823 5117 32 money money NN 34823 5117 33 income income NN 34823 5117 34 were be VBD 34823 5117 35 purchased purchase VBN 34823 5117 36 in in IN 34823 5117 37 its -PRON- PRP$ 34823 5117 38 place place NN 34823 5117 39 . . . 34823 5118 1 Money money NN 34823 5118 2 may may MD 34823 5118 3 have have VB 34823 5118 4 added add VBN 34823 5118 5 to to IN 34823 5118 6 its -PRON- PRP$ 34823 5118 7 capital capital NN 34823 5118 8 value value NN 34823 5118 9 the the DT 34823 5118 10 value value NN 34823 5118 11 that that WDT 34823 5118 12 is be VBZ 34823 5118 13 created create VBN 34823 5118 14 by by IN 34823 5118 15 _ _ NNP 34823 5118 16 one one CD 34823 5118 17 _ _ NNP 34823 5118 18 marginal marginal JJ 34823 5118 19 exchange exchange NN 34823 5118 20 , , , 34823 5118 21 but but CC 34823 5118 22 the the DT 34823 5118 23 whole whole JJ 34823 5118 24 series series NN 34823 5118 25 of of IN 34823 5118 26 values value NNS 34823 5118 27 which which WDT 34823 5118 28 a a DT 34823 5118 29 dollar dollar NN 34823 5118 30 may may MD 34823 5118 31 create create VB 34823 5118 32 in in IN 34823 5118 33 exchanges exchange NNS 34823 5118 34 can can MD 34823 5118 35 not not RB 34823 5118 36 be be VB 34823 5118 37 capitalized capitalize VBN 34823 5118 38 , , , 34823 5118 39 if if IN 34823 5118 40 only only RB 34823 5118 41 because because IN 34823 5118 42 the the DT 34823 5118 43 same same JJ 34823 5118 44 owner owner NN 34823 5118 45 can can MD 34823 5118 46 not not RB 34823 5118 47 get get VB 34823 5118 48 them -PRON- PRP 34823 5118 49 all all DT 34823 5118 50 . . . 34823 5119 1 This this DT 34823 5119 2 holds hold VBZ 34823 5119 3 strictly strictly RB 34823 5119 4 true true JJ 34823 5119 5 only only RB 34823 5119 6 so so RB 34823 5119 7 long long RB 34823 5119 8 as as IN 34823 5119 9 no no DT 34823 5119 10 credit credit NN 34823 5119 11 arrangements arrangement NNS 34823 5119 12 exist exist VBP 34823 5119 13 . . . 34823 5120 1 If if IN 34823 5120 2 loans loan NNS 34823 5120 3 of of IN 34823 5120 4 money money NN 34823 5120 5 can can MD 34823 5120 6 be be VB 34823 5120 7 made make VBN 34823 5120 8 , , , 34823 5120 9 then then RB 34823 5120 10 the the DT 34823 5120 11 lender lender NN 34823 5120 12 can can MD 34823 5120 13 take take VB 34823 5120 14 toll toll NN 34823 5120 15 on on IN 34823 5120 16 successive successive JJ 34823 5120 17 exchanges exchange NNS 34823 5120 18 , , , 34823 5120 19 and and CC 34823 5120 20 get get VB 34823 5120 21 an an DT 34823 5120 22 income income NN 34823 5120 23 which which WDT 34823 5120 24 may may MD 34823 5120 25 be be VB 34823 5120 26 capitalized capitalize VBN 34823 5120 27 in in IN 34823 5120 28 part part NN 34823 5120 29 , , , 34823 5120 30 subject subject JJ 34823 5120 31 to to IN 34823 5120 32 the the DT 34823 5120 33 limitation limitation NN 34823 5120 34 already already RB 34823 5120 35 discussed discuss VBN 34823 5120 36 , , , 34823 5120 37 that that IN 34823 5120 38 increasing increase VBG 34823 5120 39 capital capital NN 34823 5120 40 value value NN 34823 5120 41 of of IN 34823 5120 42 money money NN 34823 5120 43 cuts cut NNS 34823 5120 44 into into IN 34823 5120 45 the the DT 34823 5120 46 rental rental NN 34823 5120 47 , , , 34823 5120 48 and and CC 34823 5120 49 so so RB 34823 5120 50 , , , 34823 5120 51 in in IN 34823 5120 52 large large JJ 34823 5120 53 measure measure NN 34823 5120 54 , , , 34823 5120 55 destroys destroy VBZ 34823 5120 56 its -PRON- PRP$ 34823 5120 57 own own JJ 34823 5120 58 source source NN 34823 5120 59 . . . 34823 5121 1 Where where WRB 34823 5121 2 money money NN 34823 5121 3 is be VBZ 34823 5121 4 not not RB 34823 5121 5 freely freely RB 34823 5121 6 coined coin VBN 34823 5121 7 , , , 34823 5121 8 there there EX 34823 5121 9 may may MD 34823 5121 10 be be VB 34823 5121 11 an an DT 34823 5121 12 increment increment NN 34823 5121 13 , , , 34823 5121 14 growing grow VBG 34823 5121 15 out out IN 34823 5121 16 of of IN 34823 5121 17 the the DT 34823 5121 18 capitalization capitalization NN 34823 5121 19 of of IN 34823 5121 20 the the DT 34823 5121 21 money money NN 34823 5121 22 - - HYPH 34823 5121 23 services service NNS 34823 5121 24 , , , 34823 5121 25 in in IN 34823 5121 26 the the DT 34823 5121 27 value value NN 34823 5121 28 of of IN 34823 5121 29 the the DT 34823 5121 30 coin coin NN 34823 5121 31 . . . 34823 5122 1 The the DT 34823 5122 2 coin coin NN 34823 5122 3 may may MD 34823 5122 4 be be VB 34823 5122 5 worth worth JJ 34823 5122 6 more more JJR 34823 5122 7 than than IN 34823 5122 8 the the DT 34823 5122 9 uncoined uncoined JJ 34823 5122 10 bullion bullion NN 34823 5122 11 . . . 34823 5123 1 This this DT 34823 5123 2 need nee MD 34823 5123 3 not not RB 34823 5123 4 be be VB 34823 5123 5 true true JJ 34823 5123 6 . . . 34823 5124 1 If if IN 34823 5124 2 the the DT 34823 5124 3 amount amount NN 34823 5124 4 of of IN 34823 5124 5 money money NN 34823 5124 6 work work NN 34823 5124 7 to to TO 34823 5124 8 be be VB 34823 5124 9 done do VBN 34823 5124 10 is be VBZ 34823 5124 11 not not RB 34823 5124 12 increasing increase VBG 34823 5124 13 , , , 34823 5124 14 it -PRON- PRP 34823 5124 15 will will MD 34823 5124 16 not not RB 34823 5124 17 be be VB 34823 5124 18 true true JJ 34823 5124 19 , , , 34823 5124 20 unless unless IN 34823 5124 21 the the DT 34823 5124 22 value value NN 34823 5124 23 of of IN 34823 5124 24 the the DT 34823 5124 25 bullion bullion NN 34823 5124 26 declines decline NNS 34823 5124 27 , , , 34823 5124 28 and and CC 34823 5124 29 need nee MD 34823 5124 30 not not RB 34823 5124 31 be be VB 34823 5124 32 true true JJ 34823 5124 33 then then RB 34823 5124 34 . . . 34823 5125 1 But but CC 34823 5125 2 an an DT 34823 5125 3 agio agio NN 34823 5125 4 on on IN 34823 5125 5 coined coin VBN 34823 5125 6 over over IN 34823 5125 7 uncoined uncoined JJ 34823 5125 8 metal metal NN 34823 5125 9 is be VBZ 34823 5125 10 quite quite RB 34823 5125 11 possible possible JJ 34823 5125 12 , , , 34823 5125 13 and and CC 34823 5125 14 has have VBZ 34823 5125 15 frequently frequently RB 34823 5125 16 occurred occur VBN 34823 5125 17 . . . 34823 5126 1 Such such PDT 34823 5126 2 an an DT 34823 5126 3 agio agio NN 34823 5126 4 has have VBZ 34823 5126 5 limits limit NNS 34823 5126 6 , , , 34823 5126 7 however however RB 34823 5126 8 . . . 34823 5127 1 In in IN 34823 5127 2 the the DT 34823 5127 3 first first JJ 34823 5127 4 place place NN 34823 5127 5 , , , 34823 5127 6 the the DT 34823 5127 7 bullion bullion NN 34823 5127 8 may may MD 34823 5127 9 be be VB 34823 5127 10 used use VBN 34823 5127 11 as as IN 34823 5127 12 a a DT 34823 5127 13 substitute substitute NN 34823 5127 14 for for IN 34823 5127 15 coin coin NN 34823 5127 16 , , , 34823 5127 17 so so CC 34823 5127 18 lessening lessen VBG 34823 5127 19 the the DT 34823 5127 20 amount amount NN 34823 5127 21 of of IN 34823 5127 22 work work NN 34823 5127 23 there there EX 34823 5127 24 is be VBZ 34823 5127 25 for for IN 34823 5127 26 coin coin NN 34823 5127 27 to to TO 34823 5127 28 do do VB 34823 5127 29 , , , 34823 5127 30 and and CC 34823 5127 31 lessening lessen VBG 34823 5127 32 the the DT 34823 5127 33 source source NN 34823 5127 34 of of IN 34823 5127 35 the the DT 34823 5127 36 agio agio NN 34823 5127 37 . . . 34823 5128 1 Bullion bullion NN 34823 5128 2 would would MD 34823 5128 3 tend tend VB 34823 5128 4 to to TO 34823 5128 5 rise rise VB 34823 5128 6 in in IN 34823 5128 7 value value NN 34823 5128 8 from from IN 34823 5128 9 being be VBG 34823 5128 10 thus thus RB 34823 5128 11 employed employ VBN 34823 5128 12 , , , 34823 5128 13 and and CC 34823 5128 14 coined coin VBD 34823 5128 15 money money NN 34823 5128 16 would would MD 34823 5128 17 lose lose VB 34823 5128 18 in in IN 34823 5128 19 value value NN 34823 5128 20 from from IN 34823 5128 21 a a DT 34823 5128 22 reduction reduction NN 34823 5128 23 in in IN 34823 5128 24 the the DT 34823 5128 25 services service NNS 34823 5128 26 it -PRON- PRP 34823 5128 27 performed perform VBD 34823 5128 28 . . . 34823 5129 1 Further further RB 34823 5129 2 , , , 34823 5129 3 _ _ NNP 34823 5129 4 anything anything NN 34823 5129 5 _ _ NNP 34823 5129 6 which which WDT 34823 5129 7 has have VBZ 34823 5129 8 more more JJR 34823 5129 9 than than IN 34823 5129 10 ordinary ordinary JJ 34823 5129 11 saleability saleability NN 34823 5129 12 may may MD 34823 5129 13 be be VB 34823 5129 14 used use VBN 34823 5129 15 as as IN 34823 5129 16 a a DT 34823 5129 17 substitute substitute NN 34823 5129 18 , , , 34823 5129 19 in in IN 34823 5129 20 one one CD 34823 5129 21 or or CC 34823 5129 22 another another DT 34823 5129 23 capacity capacity NN 34823 5129 24 . . . 34823 5130 1 Again again RB 34823 5130 2 , , , 34823 5130 3 the the DT 34823 5130 4 agio agio NN 34823 5130 5 , , , 34823 5130 6 if if IN 34823 5130 7 it -PRON- PRP 34823 5130 8 appeared appear VBD 34823 5130 9 in in IN 34823 5130 10 a a DT 34823 5130 11 country country NN 34823 5130 12 where where WRB 34823 5130 13 men man NNS 34823 5130 14 are be VBP 34823 5130 15 accustomed accustomed JJ 34823 5130 16 to to IN 34823 5130 17 thinking think VBG 34823 5130 18 about about IN 34823 5130 19 money money NN 34823 5130 20 , , , 34823 5130 21 might may MD 34823 5130 22 well well RB 34823 5130 23 arouse arouse VB 34823 5130 24 distrust distrust NNP 34823 5130 25 , , , 34823 5130 26 lessen lessen VB 34823 5130 27 the the DT 34823 5130 28 scope scope NN 34823 5130 29 of of IN 34823 5130 30 the the DT 34823 5130 31 coin coin NN 34823 5130 32 still still RB 34823 5130 33 further far RBR 34823 5130 34 , , , 34823 5130 35 and and CC 34823 5130 36 so so RB 34823 5130 37 cut cut VB 34823 5130 38 into into IN 34823 5130 39 its -PRON- PRP$ 34823 5130 40 own own JJ 34823 5130 41 source source NN 34823 5130 42 . . . 34823 5131 1 But but CC 34823 5131 2 such such JJ 34823 5131 3 agios agio NNS 34823 5131 4 have have VBP 34823 5131 5 appeared appear VBN 34823 5131 6 , , , 34823 5131 7 and and CC 34823 5131 8 while while IN 34823 5131 9 a a DT 34823 5131 10 pure pure JJ 34823 5131 11 case case NN 34823 5131 12 , , , 34823 5131 13 where where WRB 34823 5131 14 the the DT 34823 5131 15 sole sole JJ 34823 5131 16 source source NN 34823 5131 17 of of IN 34823 5131 18 the the DT 34823 5131 19 agio agio NN 34823 5131 20 is be VBZ 34823 5131 21 the the DT 34823 5131 22 values value NNS 34823 5131 23 created create VBN 34823 5131 24 in in IN 34823 5131 25 the the DT 34823 5131 26 money money NN 34823 5131 27 - - HYPH 34823 5131 28 functioning function VBG 34823 5131 29 , , , 34823 5131 30 is be VBZ 34823 5131 31 hard hard JJ 34823 5131 32 to to TO 34823 5131 33 find find VB 34823 5131 34 , , , 34823 5131 35 I -PRON- PRP 34823 5131 36 think think VBP 34823 5131 37 it -PRON- PRP 34823 5131 38 is be VBZ 34823 5131 39 not not RB 34823 5131 40 to to TO 34823 5131 41 be be VB 34823 5131 42 questioned question VBN 34823 5131 43 that that IN 34823 5131 44 cases case NNS 34823 5131 45 where where WRB 34823 5131 46 this this DT 34823 5131 47 is be VBZ 34823 5131 48 part part NN 34823 5131 49 of of IN 34823 5131 50 the the DT 34823 5131 51 explanation explanation NN 34823 5131 52 have have VBP 34823 5131 53 arisen arise VBN 34823 5131 54 . . . 34823 5132 1 I -PRON- PRP 34823 5132 2 should should MD 34823 5132 3 be be VB 34823 5132 4 disposed dispose VBN 34823 5132 5 to to TO 34823 5132 6 find find VB 34823 5132 7 part part NN 34823 5132 8 of of IN 34823 5132 9 the the DT 34823 5132 10 explanation explanation NN 34823 5132 11 of of IN 34823 5132 12 the the DT 34823 5132 13 rise rise NN 34823 5132 14 of of IN 34823 5132 15 the the DT 34823 5132 16 rupee rupee NN 34823 5132 17 in in IN 34823 5132 18 India India NNP 34823 5132 19 after after IN 34823 5132 20 the the DT 34823 5132 21 closing closing NN 34823 5132 22 of of IN 34823 5132 23 the the DT 34823 5132 24 mints mint NNS 34823 5132 25 in in IN 34823 5132 26 1893 1893 CD 34823 5132 27 in in IN 34823 5132 28 this this DT 34823 5132 29 factor factor NN 34823 5132 30 . . . 34823 5133 1 There there EX 34823 5133 2 seems seem VBZ 34823 5133 3 to to TO 34823 5133 4 be be VB 34823 5133 5 evidence evidence NN 34823 5133 6 , , , 34823 5133 7 however however RB 34823 5133 8 , , , 34823 5133 9 that that IN 34823 5133 10 Laughlin Laughlin NNP 34823 5133 11 is be VBZ 34823 5133 12 right right JJ 34823 5133 13 , , , 34823 5133 14 in in IN 34823 5133 15 part part NN 34823 5133 16 , , , 34823 5133 17 in in IN 34823 5133 18 ascribing ascribe VBG 34823 5133 19 the the DT 34823 5133 20 rise rise NN 34823 5133 21 to to IN 34823 5133 22 an an DT 34823 5133 23 expectation expectation NN 34823 5133 24 of of IN 34823 5133 25 the the DT 34823 5133 26 adoption adoption NN 34823 5133 27 of of IN 34823 5133 28 the the DT 34823 5133 29 gold gold JJ 34823 5133 30 standard standard NN 34823 5133 31 . . . 34823 5134 1 [ [ -LRB- 34823 5134 2 493 493 CD 34823 5134 3 ] ] -RRB- 34823 5134 4 Modern modern JJ 34823 5134 5 money money NN 34823 5134 6 , , , 34823 5134 7 in in IN 34823 5134 8 general general JJ 34823 5134 9 , , , 34823 5134 10 however however RB 34823 5134 11 , , , 34823 5134 12 rests rest VBZ 34823 5134 13 on on IN 34823 5134 14 a a DT 34823 5134 15 system system NN 34823 5134 16 of of IN 34823 5134 17 free free JJ 34823 5134 18 , , , 34823 5134 19 even even RB 34823 5134 20 where where WRB 34823 5134 21 not not RB 34823 5134 22 strictly strictly RB 34823 5134 23 gratuitous gratuitous JJ 34823 5134 24 , , , 34823 5134 25 coinage coinage NN 34823 5134 26 . . . 34823 5135 1 Coined coined JJ 34823 5135 2 metal metal NN 34823 5135 3 thus thus RB 34823 5135 4 rarely rarely RB 34823 5135 5 gets get VBZ 34823 5135 6 , , , 34823 5135 7 save save IN 34823 5135 8 to to IN 34823 5135 9 a a DT 34823 5135 10 limited limited JJ 34823 5135 11 extent extent NN 34823 5135 12 or or CC 34823 5135 13 temporarily temporarily RB 34823 5135 14 , , , 34823 5135 15 an an DT 34823 5135 16 agio agio NN 34823 5135 17 over over IN 34823 5135 18 uncoined uncoined JJ 34823 5135 19 bullion bullion NN 34823 5135 20 . . . 34823 5136 1 Uncoined uncoined JJ 34823 5136 2 bullion bullion NN 34823 5136 3 is be VBZ 34823 5136 4 acceptable acceptable JJ 34823 5136 5 in in IN 34823 5136 6 a a DT 34823 5136 7 host host NN 34823 5136 8 of of IN 34823 5136 9 places place NNS 34823 5136 10 where where WRB 34823 5136 11 coin coin NN 34823 5136 12 would would MD 34823 5136 13 otherwise otherwise RB 34823 5136 14 be be VB 34823 5136 15 used use VBN 34823 5136 16 , , , 34823 5136 17 particularly particularly RB 34823 5136 18 in in IN 34823 5136 19 reserves reserve NNS 34823 5136 20 for for IN 34823 5136 21 credit credit NN 34823 5136 22 instruments instrument NNS 34823 5136 23 . . . 34823 5137 1 Bullion bullion NN 34823 5137 2 is be VBZ 34823 5137 3 even even RB 34823 5137 4 superior superior JJ 34823 5137 5 in in IN 34823 5137 6 international international JJ 34823 5137 7 trade trade NN 34823 5137 8 as as IN 34823 5137 9 a a DT 34823 5137 10 medium medium NN 34823 5137 11 of of IN 34823 5137 12 exchange exchange NN 34823 5137 13 . . . 34823 5138 1 Credit credit NN 34823 5138 2 paper paper NN 34823 5138 3 ( ( -LRB- 34823 5138 4 particularly particularly RB 34823 5138 5 bills bill NNS 34823 5138 6 of of IN 34823 5138 7 exchange exchange NN 34823 5138 8 ) ) -RRB- 34823 5138 9 , , , 34823 5138 10 is be VBZ 34823 5138 11 superior superior JJ 34823 5138 12 to to IN 34823 5138 13 both both DT 34823 5138 14 in in IN 34823 5138 15 international international JJ 34823 5138 16 exchange exchange NN 34823 5138 17 , , , 34823 5138 18 as as IN 34823 5138 19 a a DT 34823 5138 20 medium medium NN 34823 5138 21 of of IN 34823 5138 22 exchange exchange NN 34823 5138 23 , , , 34823 5138 24 because because IN 34823 5138 25 of of IN 34823 5138 26 various various JJ 34823 5138 27 reasons reason NNS 34823 5138 28 of of IN 34823 5138 29 economy economy NN 34823 5138 30 . . . 34823 5139 1 Such such JJ 34823 5139 2 paper paper NN 34823 5139 3 is be VBZ 34823 5139 4 even even RB 34823 5139 5 used use VBN 34823 5139 6 in in IN 34823 5139 7 reserves reserve NNS 34823 5139 8 in in IN 34823 5139 9 many many JJ 34823 5139 10 places place NNS 34823 5139 11 , , , 34823 5139 12 particularly particularly RB 34823 5139 13 by by IN 34823 5139 14 the the DT 34823 5139 15 Austro Austro NNP 34823 5139 16 - - HYPH 34823 5139 17 Hungarian Hungarian NNP 34823 5139 18 Bank Bank NNP 34823 5139 19 . . . 34823 5140 1 The the DT 34823 5140 2 fact fact NN 34823 5140 3 of of IN 34823 5140 4 free free JJ 34823 5140 5 coinage coinage NN 34823 5140 6 means mean NNS 34823 5140 7 , , , 34823 5140 8 substantially substantially RB 34823 5140 9 , , , 34823 5140 10 that that IN 34823 5140 11 the the DT 34823 5140 12 state state NN 34823 5140 13 has have VBZ 34823 5140 14 made make VBN 34823 5140 15 the the DT 34823 5140 16 money money NN 34823 5140 17 form form VB 34823 5140 18 a a DT 34823 5140 19 free free JJ 34823 5140 20 good good NN 34823 5140 21 . . . 34823 5141 1 How how WRB 34823 5141 2 much much JJ 34823 5141 3 value value NN 34823 5141 4 is be VBZ 34823 5141 5 thereby thereby RB 34823 5141 6 destroyed destroy VBN 34823 5141 7 we -PRON- PRP 34823 5141 8 may may MD 34823 5141 9 best well RBS 34823 5141 10 see see VB 34823 5141 11 if if IN 34823 5141 12 we -PRON- PRP 34823 5141 13 ask ask VBP 34823 5141 14 precisely precisely RB 34823 5141 15 how how WRB 34823 5141 16 much much JJ 34823 5141 17 the the DT 34823 5141 18 money money NN 34823 5141 19 form form NN 34823 5141 20 could could MD 34823 5141 21 mean mean VB 34823 5141 22 _ _ NNP 34823 5141 23 at at IN 34823 5141 24 the the DT 34823 5141 25 limit limit NN 34823 5141 26 _ _ NNP 34823 5141 27 . . . 34823 5142 1 Initially initially RB 34823 5142 2 , , , 34823 5142 3 the the DT 34823 5142 4 money money NN 34823 5142 5 form form NN 34823 5142 6 means mean VBZ 34823 5142 7 simply simply RB 34823 5142 8 the the DT 34823 5142 9 certification certification NN 34823 5142 10 of of IN 34823 5142 11 weight weight NN 34823 5142 12 and and CC 34823 5142 13 fineness fineness NN 34823 5142 14 by by IN 34823 5142 15 a a DT 34823 5142 16 trusted trust VBN 34823 5142 17 authority authority NN 34823 5142 18 . . . 34823 5143 1 It -PRON- PRP 34823 5143 2 saves save VBZ 34823 5143 3 , , , 34823 5143 4 therefore therefore RB 34823 5143 5 , , , 34823 5143 6 the the DT 34823 5143 7 delay delay NN 34823 5143 8 and and CC 34823 5143 9 expense expense NN 34823 5143 10 of of IN 34823 5143 11 testing test VBG 34823 5143 12 the the DT 34823 5143 13 weight weight NN 34823 5143 14 and and CC 34823 5143 15 fineness fineness NN 34823 5143 16 by by IN 34823 5143 17 assay assay NNP 34823 5143 18 , , , 34823 5143 19 etc etc FW 34823 5143 20 . . . 34823 5144 1 It -PRON- PRP 34823 5144 2 saves save VBZ 34823 5144 3 the the DT 34823 5144 4 trouble trouble NN 34823 5144 5 and and CC 34823 5144 6 delay delay NN 34823 5144 7 of of IN 34823 5144 8 subdivision subdivision NN 34823 5144 9 of of IN 34823 5144 10 a a DT 34823 5144 11 formless formless NN 34823 5144 12 metal metal NN 34823 5144 13 . . . 34823 5145 1 It -PRON- PRP 34823 5145 2 averts avert VBZ 34823 5145 3 many many JJ 34823 5145 4 difficulties difficulty NNS 34823 5145 5 . . . 34823 5146 1 For for IN 34823 5146 2 small small JJ 34823 5146 3 retail retail JJ 34823 5146 4 transactions transaction NNS 34823 5146 5 , , , 34823 5146 6 indeed indeed RB 34823 5146 7 for for IN 34823 5146 8 retail retail JJ 34823 5146 9 transactions transaction NNS 34823 5146 10 in in IN 34823 5146 11 general general JJ 34823 5146 12 , , , 34823 5146 13 the the DT 34823 5146 14 conveniences convenience NNS 34823 5146 15 of of IN 34823 5146 16 coined coin VBD 34823 5146 17 over over IN 34823 5146 18 uncoined uncoined JJ 34823 5146 19 metal metal NN 34823 5146 20 are be VBP 34823 5146 21 very very RB 34823 5146 22 great great JJ 34823 5146 23 . . . 34823 5147 1 Small small JJ 34823 5147 2 transactions transaction NNS 34823 5147 3 do do VBP 34823 5147 4 not not RB 34823 5147 5 justify justify VB 34823 5147 6 the the DT 34823 5147 7 trouble trouble NN 34823 5147 8 and and CC 34823 5147 9 expense expense NN 34823 5147 10 of of IN 34823 5147 11 assaying assay VBG 34823 5147 12 and and CC 34823 5147 13 weighing weigh VBG 34823 5147 14 and and CC 34823 5147 15 subdividing subdivide VBG 34823 5147 16 gold gold NN 34823 5147 17 ! ! . 34823 5148 1 In in IN 34823 5148 2 a a DT 34823 5148 3 country country NN 34823 5148 4 , , , 34823 5148 5 therefore therefore RB 34823 5148 6 , , , 34823 5148 7 where where WRB 34823 5148 8 the the DT 34823 5148 9 bulk bulk NN 34823 5148 10 of of IN 34823 5148 11 the the DT 34823 5148 12 money money NN 34823 5148 13 work work NN 34823 5148 14 is be VBZ 34823 5148 15 in in IN 34823 5148 16 effecting effect VBG 34823 5148 17 small small JJ 34823 5148 18 transactions transaction NNS 34823 5148 19 , , , 34823 5148 20 we -PRON- PRP 34823 5148 21 might may MD 34823 5148 22 expect expect VB 34823 5148 23 a a DT 34823 5148 24 considerable considerable JJ 34823 5148 25 agio agio NN 34823 5148 26 for for IN 34823 5148 27 coined coin VBN 34823 5148 28 over over IN 34823 5148 29 uncoined uncoined JJ 34823 5148 30 metal metal NN 34823 5148 31 . . . 34823 5149 1 This this DT 34823 5149 2 would would MD 34823 5149 3 be be VB 34823 5149 4 especially especially RB 34823 5149 5 true true JJ 34823 5149 6 if if IN 34823 5149 7 that that DT 34823 5149 8 country country NN 34823 5149 9 had have VBD 34823 5149 10 few few JJ 34823 5149 11 facilities facility NNS 34823 5149 12 for for IN 34823 5149 13 credit credit NN 34823 5149 14 substitutes substitute NNS 34823 5149 15 for for IN 34823 5149 16 the the DT 34823 5149 17 coin coin NN 34823 5149 18 , , , 34823 5149 19 particularly particularly RB 34823 5149 20 for for IN 34823 5149 21 small small JJ 34823 5149 22 transactions transaction NNS 34823 5149 23 . . . 34823 5150 1 In in IN 34823 5150 2 a a DT 34823 5150 3 country country NN 34823 5150 4 like like IN 34823 5150 5 the the DT 34823 5150 6 United United NNP 34823 5150 7 States States NNP 34823 5150 8 , , , 34823 5150 9 however however RB 34823 5150 10 , , , 34823 5150 11 where where WRB 34823 5150 12 checks check NNS 34823 5150 13 are be VBP 34823 5150 14 often often RB 34823 5150 15 drawn draw VBN 34823 5150 16 for for IN 34823 5150 17 amounts amount NNS 34823 5150 18 less less JJR 34823 5150 19 than than IN 34823 5150 20 a a DT 34823 5150 21 dollar dollar NN 34823 5150 22 , , , 34823 5150 23 and and CC 34823 5150 24 where where WRB 34823 5150 25 the the DT 34823 5150 26 bulk bulk NN 34823 5150 27 of of IN 34823 5150 28 the the DT 34823 5150 29 gold gold NN 34823 5150 30 , , , 34823 5150 31 or or CC 34823 5150 32 standard standard JJ 34823 5150 33 money money NN 34823 5150 34 , , , 34823 5150 35 is be VBZ 34823 5150 36 to to TO 34823 5150 37 be be VB 34823 5150 38 found find VBN 34823 5150 39 , , , 34823 5150 40 not not RB 34823 5150 41 in in IN 34823 5150 42 circulation circulation NN 34823 5150 43 but but CC 34823 5150 44 in in IN 34823 5150 45 reserves reserve NNS 34823 5150 46 , , , 34823 5150 47 one one PRP 34823 5150 48 need nee MD 34823 5150 49 not not RB 34823 5150 50 anticipate anticipate VB 34823 5150 51 that that IN 34823 5150 52 the the DT 34823 5150 53 medium medium NN 34823 5150 54 of of IN 34823 5150 55 exchange exchange NN 34823 5150 56 function function NN 34823 5150 57 would would MD 34823 5150 58 give give VB 34823 5150 59 a a DT 34823 5150 60 big big JJ 34823 5150 61 agio agio NN 34823 5150 62 to to IN 34823 5150 63 gold gold NN 34823 5150 64 coin coin NN 34823 5150 65 , , , 34823 5150 66 even even RB 34823 5150 67 if if IN 34823 5150 68 free free JJ 34823 5150 69 coinage coinage NN 34823 5150 70 ceased cease VBD 34823 5150 71 . . . 34823 5151 1 So so RB 34823 5151 2 long long RB 34823 5151 3 as as IN 34823 5151 4 coinage coinage NN 34823 5151 5 means mean VBZ 34823 5151 6 merely merely RB 34823 5151 7 a a DT 34823 5151 8 certification certification NN 34823 5151 9 of of IN 34823 5151 10 weight weight NN 34823 5151 11 and and CC 34823 5151 12 fineness fineness NN 34823 5151 13 , , , 34823 5151 14 this this DT 34823 5151 15 conclusion conclusion NN 34823 5151 16 will will MD 34823 5151 17 hold hold VB 34823 5151 18 . . . 34823 5152 1 For for IN 34823 5152 2 purposes purpose NNS 34823 5152 3 of of IN 34823 5152 4 large large JJ 34823 5152 5 transactions transaction NNS 34823 5152 6 , , , 34823 5152 7 the the DT 34823 5152 8 item item NN 34823 5152 9 of of IN 34823 5152 10 weighing weigh VBG 34823 5152 11 and and CC 34823 5152 12 assaying assaying NN 34823 5152 13 would would MD 34823 5152 14 not not RB 34823 5152 15 be be VB 34823 5152 16 serious serious JJ 34823 5152 17 . . . 34823 5153 1 Indeed indeed RB 34823 5153 2 , , , 34823 5153 3 American american JJ 34823 5153 4 banks bank NNS 34823 5153 5 are be VBP 34823 5153 6 accustomed accustom VBN 34823 5153 7 to to TO 34823 5153 8 weigh weigh VB 34823 5153 9 even even RB 34823 5153 10 gold gold NN 34823 5153 11 coin coin NN 34823 5153 12 , , , 34823 5153 13 in in IN 34823 5153 14 quantity quantity NN 34823 5153 15 . . . 34823 5154 1 It -PRON- PRP 34823 5154 2 goes go VBZ 34823 5154 3 by by IN 34823 5154 4 weight weight NN 34823 5154 5 , , , 34823 5154 6 rather rather RB 34823 5154 7 than than IN 34823 5154 8 by by IN 34823 5154 9 tale tale NN 34823 5154 10 , , , 34823 5154 11 and and CC 34823 5154 12 if if IN 34823 5154 13 light light JJ 34823 5154 14 - - HYPH 34823 5154 15 weight weight NN 34823 5154 16 , , , 34823 5154 17 it -PRON- PRP 34823 5154 18 counts count VBZ 34823 5154 19 for for IN 34823 5154 20 less less JJR 34823 5154 21 than than IN 34823 5154 22 its -PRON- PRP$ 34823 5154 23 nominal nominal JJ 34823 5154 24 value value NN 34823 5154 25 . . . 34823 5155 1 The the DT 34823 5155 2 writer writer NN 34823 5155 3 knows know VBZ 34823 5155 4 a a DT 34823 5155 5 bank bank NN 34823 5155 6 which which WDT 34823 5155 7 has have VBZ 34823 5155 8 a a DT 34823 5155 9 considerable considerable JJ 34823 5155 10 store store NN 34823 5155 11 of of IN 34823 5155 12 light light JJ 34823 5155 13 - - HYPH 34823 5155 14 weight weight NN 34823 5155 15 gold gold NN 34823 5155 16 coin coin NN 34823 5155 17 that that WDT 34823 5155 18 has have VBZ 34823 5155 19 been be VBN 34823 5155 20 in in IN 34823 5155 21 its -PRON- PRP$ 34823 5155 22 vaults vault NNS 34823 5155 23 for for IN 34823 5155 24 over over IN 34823 5155 25 twenty twenty CD 34823 5155 26 years year NNS 34823 5155 27 . . . 34823 5156 1 Such such JJ 34823 5156 2 coin coin NN 34823 5156 3 may may MD 34823 5156 4 be be VB 34823 5156 5 counted count VBN 34823 5156 6 at at IN 34823 5156 7 par par NN 34823 5156 8 in in IN 34823 5156 9 reports report NNS 34823 5156 10 by by IN 34823 5156 11 the the DT 34823 5156 12 bank bank NN 34823 5156 13 to to IN 34823 5156 14 the the DT 34823 5156 15 Government Government NNP 34823 5156 16 . . . 34823 5157 1 [ [ -LRB- 34823 5157 2 494 494 CD 34823 5157 3 ] ] -RRB- 34823 5157 4 It -PRON- PRP 34823 5157 5 might may MD 34823 5157 6 be be VB 34823 5157 7 paid pay VBN 34823 5157 8 out out RP 34823 5157 9 through through IN 34823 5157 10 the the DT 34823 5157 11 window window NN 34823 5157 12 to to IN 34823 5157 13 customers customer NNS 34823 5157 14 , , , 34823 5157 15 who who WP 34823 5157 16 would would MD 34823 5157 17 not not RB 34823 5157 18 weigh weigh VB 34823 5157 19 it -PRON- PRP 34823 5157 20 , , , 34823 5157 21 in in IN 34823 5157 22 case case NN 34823 5157 23 of of IN 34823 5157 24 a a DT 34823 5157 25 " " `` 34823 5157 26 run run NN 34823 5157 27 " " '' 34823 5157 28 on on IN 34823 5157 29 the the DT 34823 5157 30 bank bank NN 34823 5157 31 . . . 34823 5158 1 But but CC 34823 5158 2 it -PRON- PRP 34823 5158 3 can can MD 34823 5158 4 not not RB 34823 5158 5 be be VB 34823 5158 6 used use VBN 34823 5158 7 in in IN 34823 5158 8 dealings dealing NNS 34823 5158 9 with with IN 34823 5158 10 other other JJ 34823 5158 11 banks bank NNS 34823 5158 12 without without IN 34823 5158 13 loss loss NN 34823 5158 14 . . . 34823 5159 1 Does do VBZ 34823 5159 2 the the DT 34823 5159 3 legal legal JJ 34823 5159 4 tender tender NN 34823 5159 5 aspect aspect NN 34823 5159 6 of of IN 34823 5159 7 coin coin NN 34823 5159 8 count count NN 34823 5159 9 for for IN 34823 5159 10 more more JJR 34823 5159 11 ? ? . 34823 5160 1 Under under IN 34823 5160 2 a a DT 34823 5160 3 smoothly smoothly RB 34823 5160 4 working work VBG 34823 5160 5 system system NN 34823 5160 6 of of IN 34823 5160 7 free free JJ 34823 5160 8 coinage coinage NN 34823 5160 9 , , , 34823 5160 10 where where WRB 34823 5160 11 moreover moreover RB 34823 5160 12 , , , 34823 5160 13 all all DT 34823 5160 14 forms form NNS 34823 5160 15 of of IN 34823 5160 16 money money NN 34823 5160 17 are be VBP 34823 5160 18 kept keep VBN 34823 5160 19 at at IN 34823 5160 20 a a DT 34823 5160 21 parity parity NN 34823 5160 22 by by IN 34823 5160 23 ready ready JJ 34823 5160 24 redemption redemption NN 34823 5160 25 , , , 34823 5160 26 we -PRON- PRP 34823 5160 27 have have VBP 34823 5160 28 seen see VBN 34823 5160 29 that that IN 34823 5160 30 the the DT 34823 5160 31 legal legal JJ 34823 5160 32 tender tender NN 34823 5160 33 feature feature NN 34823 5160 34 makes make VBZ 34823 5160 35 no no DT 34823 5160 36 difference difference NN 34823 5160 37 . . . 34823 5161 1 Would Would MD 34823 5161 2 it -PRON- PRP 34823 5161 3 make make VB 34823 5161 4 a a DT 34823 5161 5 difference difference NN 34823 5161 6 where where WRB 34823 5161 7 coinage coinage NN 34823 5161 8 is be VBZ 34823 5161 9 restricted restrict VBN 34823 5161 10 ? ? . 34823 5162 1 If if IN 34823 5162 2 we -PRON- PRP 34823 5162 3 assume assume VBP 34823 5162 4 that that IN 34823 5162 5 the the DT 34823 5162 6 use use NN 34823 5162 7 of of IN 34823 5162 8 checks check NNS 34823 5162 9 for for IN 34823 5162 10 small small JJ 34823 5162 11 payments payment NNS 34823 5162 12 , , , 34823 5162 13 and and CC 34823 5162 14 the the DT 34823 5162 15 use use NN 34823 5162 16 of of IN 34823 5162 17 bullion bullion NN 34823 5162 18 in in IN 34823 5162 19 reserves reserve NNS 34823 5162 20 , , , 34823 5162 21 in in IN 34823 5162 22 a a DT 34823 5162 23 given give VBN 34823 5162 24 case case NN 34823 5162 25 , , , 34823 5162 26 prevents prevent VBZ 34823 5162 27 the the DT 34823 5162 28 existence existence NN 34823 5162 29 of of IN 34823 5162 30 an an DT 34823 5162 31 agio agio NN 34823 5162 32 growing grow VBG 34823 5162 33 out out IN 34823 5162 34 of of IN 34823 5162 35 the the DT 34823 5162 36 other other JJ 34823 5162 37 functions function NNS 34823 5162 38 of of IN 34823 5162 39 money money NN 34823 5162 40 , , , 34823 5162 41 I -PRON- PRP 34823 5162 42 think think VBP 34823 5162 43 it -PRON- PRP 34823 5162 44 clear clear JJ 34823 5162 45 that that IN 34823 5162 46 the the DT 34823 5162 47 legal legal JJ 34823 5162 48 tender tender NN 34823 5162 49 feature feature NN 34823 5162 50 alone alone RB 34823 5162 51 will will MD 34823 5162 52 not not RB 34823 5162 53 create create VB 34823 5162 54 one one CD 34823 5162 55 . . . 34823 5163 1 But but CC 34823 5163 2 suppose suppose VB 34823 5163 3 that that IN 34823 5163 4 there there EX 34823 5163 5 is be VBZ 34823 5163 6 an an DT 34823 5163 7 agio agio NN 34823 5163 8 from from IN 34823 5163 9 other other JJ 34823 5163 10 causes cause NNS 34823 5163 11 , , , 34823 5163 12 will will MD 34823 5163 13 not not RB 34823 5163 14 the the DT 34823 5163 15 legal legal JJ 34823 5163 16 tender tender NN 34823 5163 17 aspect aspect NN 34823 5163 18 of of IN 34823 5163 19 money money NN 34823 5163 20 tend tend VBP 34823 5163 21 to to TO 34823 5163 22 increase increase VB 34823 5163 23 it -PRON- PRP 34823 5163 24 ? ? . 34823 5164 1 Will Will MD 34823 5164 2 not not RB 34823 5164 3 men man NNS 34823 5164 4 demand demand VB 34823 5164 5 coin coin NN 34823 5164 6 , , , 34823 5164 7 which which WDT 34823 5164 8 bears bear VBZ 34823 5164 9 an an DT 34823 5164 10 agio agio NN 34823 5164 11 , , , 34823 5164 12 rather rather RB 34823 5164 13 than than IN 34823 5164 14 bullion bullion NN 34823 5164 15 , , , 34823 5164 16 when when WRB 34823 5164 17 they -PRON- PRP 34823 5164 18 have have VBP 34823 5164 19 the the DT 34823 5164 20 right right NN 34823 5164 21 to to TO 34823 5164 22 demand demand VB 34823 5164 23 either either RB 34823 5164 24 ? ? . 34823 5165 1 And and CC 34823 5165 2 will will MD 34823 5165 3 not not RB 34823 5165 4 the the DT 34823 5165 5 agio agio NN 34823 5165 6 then then RB 34823 5165 7 , , , 34823 5165 8 in in IN 34823 5165 9 a a DT 34823 5165 10 way way NN 34823 5165 11 , , , 34823 5165 12 grow grow VB 34823 5165 13 out out IN 34823 5165 14 of of IN 34823 5165 15 itself -PRON- PRP 34823 5165 16 , , , 34823 5165 17 a a DT 34823 5165 18 bigger big JJR 34823 5165 19 agio agio JJ 34823 5165 20 appearing appear VBG 34823 5165 21 , , , 34823 5165 22 because because IN 34823 5165 23 an an DT 34823 5165 24 agio agio NN 34823 5165 25 has have VBZ 34823 5165 26 already already RB 34823 5165 27 appeared appear VBN 34823 5165 28 ? ? . 34823 5166 1 It -PRON- PRP 34823 5166 2 does do VBZ 34823 5166 3 not not RB 34823 5166 4 seem seem VB 34823 5166 5 to to IN 34823 5166 6 me -PRON- PRP 34823 5166 7 that that IN 34823 5166 8 this this DT 34823 5166 9 need need NN 34823 5166 10 follow follow VB 34823 5166 11 . . . 34823 5167 1 If if IN 34823 5167 2 there there EX 34823 5167 3 be be VB 34823 5167 4 an an DT 34823 5167 5 agio agio NN 34823 5167 6 , , , 34823 5167 7 then then RB 34823 5167 8 creditors creditor NNS 34823 5167 9 will will MD 34823 5167 10 demand demand VB 34823 5167 11 either either CC 34823 5167 12 coin coin NN 34823 5167 13 , , , 34823 5167 14 or or CC 34823 5167 15 bullion bullion NN 34823 5167 16 _ _ NNP 34823 5167 17 on on IN 34823 5167 18 a a DT 34823 5167 19 different different JJ 34823 5167 20 basis basis NN 34823 5167 21 from from IN 34823 5167 22 coin coin NNP 34823 5167 23 _ _ NNP 34823 5167 24 . . . 34823 5168 1 But but CC 34823 5168 2 so so RB 34823 5168 3 long long RB 34823 5168 4 as as IN 34823 5168 5 they -PRON- PRP 34823 5168 6 get get VBP 34823 5168 7 the the DT 34823 5168 8 benefit benefit NN 34823 5168 9 of of IN 34823 5168 10 the the DT 34823 5168 11 agio agio NN 34823 5168 12 , , , 34823 5168 13 either either CC 34823 5168 14 in in IN 34823 5168 15 the the DT 34823 5168 16 form form NN 34823 5168 17 of of IN 34823 5168 18 coin coin NN 34823 5168 19 , , , 34823 5168 20 or or CC 34823 5168 21 of of IN 34823 5168 22 a a DT 34823 5168 23 larger large JJR 34823 5168 24 amount amount NN 34823 5168 25 of of IN 34823 5168 26 bullion bullion NN 34823 5168 27 , , , 34823 5168 28 particular particular JJ 34823 5168 29 circumstances circumstance NNS 34823 5168 30 , , , 34823 5168 31 rather rather RB 34823 5168 32 than than IN 34823 5168 33 a a DT 34823 5168 34 general general JJ 34823 5168 35 rule rule NN 34823 5168 36 , , , 34823 5168 37 will will MD 34823 5168 38 determine determine VB 34823 5168 39 which which WDT 34823 5168 40 they -PRON- PRP 34823 5168 41 will will MD 34823 5168 42 demand demand VB 34823 5168 43 . . . 34823 5169 1 The the DT 34823 5169 2 banker banker NN 34823 5169 3 might may MD 34823 5169 4 well well RB 34823 5169 5 prefer prefer VB 34823 5169 6 bullion bullion NN 34823 5169 7 . . . 34823 5170 1 The the DT 34823 5170 2 international international JJ 34823 5170 3 banker banker NN 34823 5170 4 would would MD 34823 5170 5 prefer prefer VB 34823 5170 6 bullion bullion NN 34823 5170 7 . . . 34823 5171 1 The the DT 34823 5171 2 man man NN 34823 5171 3 who who WP 34823 5171 4 wishes wish VBZ 34823 5171 5 money money NN 34823 5171 6 for for IN 34823 5171 7 retail retail JJ 34823 5171 8 transactions transaction NNS 34823 5171 9 will will MD 34823 5171 10 take take VB 34823 5171 11 coin coin NN 34823 5171 12 . . . 34823 5172 1 Men man NNS 34823 5172 2 will will MD 34823 5172 3 use use VB 34823 5172 4 the the DT 34823 5172 5 legal legal JJ 34823 5172 6 tender tender NN 34823 5172 7 quality quality NN 34823 5172 8 of of IN 34823 5172 9 money money NN 34823 5172 10 as as IN 34823 5172 11 a a DT 34823 5172 12 means means NN 34823 5172 13 of of IN 34823 5172 14 getting get VBG 34823 5172 15 the the DT 34823 5172 16 benefit benefit NN 34823 5172 17 of of IN 34823 5172 18 what what WP 34823 5172 19 agio agio NN 34823 5172 20 there there EX 34823 5172 21 is be VBZ 34823 5172 22 ( ( -LRB- 34823 5172 23 though though IN 34823 5172 24 contract contract NN 34823 5172 25 right right RB 34823 5172 26 , , , 34823 5172 27 where where WRB 34823 5172 28 the the DT 34823 5172 29 contract contract NN 34823 5172 30 calls call VBZ 34823 5172 31 for for IN 34823 5172 32 coin coin NN 34823 5172 33 , , , 34823 5172 34 would would MD 34823 5172 35 accomplish accomplish VB 34823 5172 36 all all PDT 34823 5172 37 that that WDT 34823 5172 38 a a DT 34823 5172 39 legal legal JJ 34823 5172 40 tender tender NN 34823 5172 41 law law NN 34823 5172 42 would would MD 34823 5172 43 accomplish accomplish VB 34823 5172 44 ) ) -RRB- 34823 5172 45 , , , 34823 5172 46 but but CC 34823 5172 47 whether whether IN 34823 5172 48 they -PRON- PRP 34823 5172 49 take take VBP 34823 5172 50 23.22 23.22 CD 34823 5172 51 grains grain NNS 34823 5172 52 of of IN 34823 5172 53 coined coined JJ 34823 5172 54 gold gold NN 34823 5172 55 , , , 34823 5172 56 or or CC 34823 5172 57 25.5 25.5 CD 34823 5172 58 grains grain NNS 34823 5172 59 of of IN 34823 5172 60 gold gold NN 34823 5172 61 bullion bullion NN 34823 5172 62 , , , 34823 5172 63 will will MD 34823 5172 64 depend depend VB 34823 5172 65 on on IN 34823 5172 66 which which WDT 34823 5172 67 they -PRON- PRP 34823 5172 68 prefer prefer VBP 34823 5172 69 in in IN 34823 5172 70 the the DT 34823 5172 71 circumstances circumstance NNS 34823 5172 72 . . . 34823 5173 1 I -PRON- PRP 34823 5173 2 do do VBP 34823 5173 3 not not RB 34823 5173 4 see see VB 34823 5173 5 that that IN 34823 5173 6 the the DT 34823 5173 7 legal legal JJ 34823 5173 8 tender tender NN 34823 5173 9 feature feature NN 34823 5173 10 adds add VBZ 34823 5173 11 anything anything NN 34823 5173 12 to to IN 34823 5173 13 the the DT 34823 5173 14 case case NN 34823 5173 15 of of IN 34823 5173 16 restricted restricted JJ 34823 5173 17 coinage coinage NN 34823 5173 18 that that IN 34823 5173 19 it -PRON- PRP 34823 5173 20 does do VBZ 34823 5173 21 not not RB 34823 5173 22 add add VB 34823 5173 23 to to IN 34823 5173 24 the the DT 34823 5173 25 case case NN 34823 5173 26 of of IN 34823 5173 27 free free JJ 34823 5173 28 coinage coinage NN 34823 5173 29 . . . 34823 5174 1 [ [ -LRB- 34823 5174 2 495 495 CD 34823 5174 3 ] ] -RRB- 34823 5174 4 In in IN 34823 5174 5 either either DT 34823 5174 6 case case NN 34823 5174 7 , , , 34823 5174 8 there there EX 34823 5174 9 will will MD 34823 5174 10 be be VB 34823 5174 11 temporary temporary JJ 34823 5174 12 emergencies emergency NNS 34823 5174 13 , , , 34823 5174 14 when when WRB 34823 5174 15 panics panic NNS 34823 5174 16 arise arise VBP 34823 5174 17 , , , 34823 5174 18 when when WRB 34823 5174 19 legal legal JJ 34823 5174 20 tender tender NN 34823 5174 21 money money NN 34823 5174 22 gets get VBZ 34823 5174 23 an an DT 34823 5174 24 agio agio NN 34823 5174 25 over over IN 34823 5174 26 any any DT 34823 5174 27 possible possible JJ 34823 5174 28 substitute substitute NN 34823 5174 29 . . . 34823 5175 1 Solvency solvency NN 34823 5175 2 may may MD 34823 5175 3 depend depend VB 34823 5175 4 on on IN 34823 5175 5 it -PRON- PRP 34823 5175 6 . . . 34823 5176 1 This this DT 34823 5176 2 might may MD 34823 5176 3 arise arise VB 34823 5176 4 under under IN 34823 5176 5 free free JJ 34823 5176 6 coinage coinage NN 34823 5176 7 , , , 34823 5176 8 if if IN 34823 5176 9 the the DT 34823 5176 10 panic panic NN 34823 5176 11 were be VBD 34823 5176 12 acute acute JJ 34823 5176 13 , , , 34823 5176 14 and and CC 34823 5176 15 if if IN 34823 5176 16 settlements settlement NNS 34823 5176 17 had have VBD 34823 5176 18 to to TO 34823 5176 19 be be VB 34823 5176 20 made make VBN 34823 5176 21 immediately immediately RB 34823 5176 22 . . . 34823 5177 1 But but CC 34823 5177 2 as as RB 34823 5177 3 long long RB 34823 5177 4 as as IN 34823 5177 5 there there EX 34823 5177 6 is be VBZ 34823 5177 7 time time NN 34823 5177 8 for for IN 34823 5177 9 men man NNS 34823 5177 10 to to TO 34823 5177 11 work work VB 34823 5177 12 things thing NNS 34823 5177 13 out out RP 34823 5177 14 , , , 34823 5177 15 I -PRON- PRP 34823 5177 16 should should MD 34823 5177 17 not not RB 34823 5177 18 expect expect VB 34823 5177 19 the the DT 34823 5177 20 legal legal JJ 34823 5177 21 tender tender NN 34823 5177 22 feature feature NN 34823 5177 23 , , , 34823 5177 24 _ _ NNP 34823 5177 25 per per FW 34823 5177 26 se se FW 34823 5177 27 _ _ NNP 34823 5177 28 , , , 34823 5177 29 to to TO 34823 5177 30 add add VB 34823 5177 31 to to IN 34823 5177 32 the the DT 34823 5177 33 agio agio NN 34823 5177 34 of of IN 34823 5177 35 coined coined JJ 34823 5177 36 metal metal NN 34823 5177 37 even even RB 34823 5177 38 under under IN 34823 5177 39 restricted restrict VBN 34823 5177 40 coinage coinage NN 34823 5177 41 . . . 34823 5178 1 In in IN 34823 5178 2 general general JJ 34823 5178 3 , , , 34823 5178 4 the the DT 34823 5178 5 possibility possibility NN 34823 5178 6 of of IN 34823 5178 7 an an DT 34823 5178 8 agio agio NN 34823 5178 9 for for IN 34823 5178 10 coined coined JJ 34823 5178 11 metal metal NN 34823 5178 12 , , , 34823 5178 13 under under IN 34823 5178 14 restricted restricted JJ 34823 5178 15 coinage coinage NN 34823 5178 16 , , , 34823 5178 17 rests rest VBZ 34823 5178 18 on on IN 34823 5178 19 the the DT 34823 5178 20 extent extent NN 34823 5178 21 to to TO 34823 5178 22 which which WDT 34823 5178 23 coin coin NN 34823 5178 24 has have VBZ 34823 5178 25 a a DT 34823 5178 26 unique unique JJ 34823 5178 27 function function NN 34823 5178 28 . . . 34823 5179 1 In in IN 34823 5179 2 so so RB 34823 5179 3 far far RB 34823 5179 4 as as IN 34823 5179 5 substitution substitution NN 34823 5179 6 is be VBZ 34823 5179 7 possible possible JJ 34823 5179 8 , , , 34823 5179 9 there there EX 34823 5179 10 is be VBZ 34823 5179 11 no no DT 34823 5179 12 room room NN 34823 5179 13 for for IN 34823 5179 14 an an DT 34823 5179 15 agio agio NN 34823 5179 16 . . . 34823 5180 1 For for IN 34823 5180 2 many many JJ 34823 5180 3 purposes purpose NNS 34823 5180 4 , , , 34823 5180 5 bullion bullion NN 34823 5180 6 may may MD 34823 5180 7 be be VB 34823 5180 8 substituted substitute VBN 34823 5180 9 . . . 34823 5181 1 To to IN 34823 5181 2 the the DT 34823 5181 3 extent extent NN 34823 5181 4 that that DT 34823 5181 5 credit credit NN 34823 5181 6 is be VBZ 34823 5181 7 developed develop VBN 34823 5181 8 , , , 34823 5181 9 and and CC 34823 5181 10 is be VBZ 34823 5181 11 flexible flexible JJ 34823 5181 12 , , , 34823 5181 13 various various JJ 34823 5181 14 other other JJ 34823 5181 15 substitutes substitute NNS 34823 5181 16 are be VBP 34823 5181 17 possible possible JJ 34823 5181 18 . . . 34823 5182 1 To to IN 34823 5182 2 the the DT 34823 5182 3 extent extent NN 34823 5182 4 that that DT 34823 5182 5 barter barter NN 34823 5182 6 can can MD 34823 5182 7 be be VB 34823 5182 8 used use VBN 34823 5182 9 , , , 34823 5182 10 still still RB 34823 5182 11 other other JJ 34823 5182 12 substitutes substitute NNS 34823 5182 13 are be VBP 34823 5182 14 possible possible JJ 34823 5182 15 . . . 34823 5183 1 Among among IN 34823 5183 2 an an DT 34823 5183 3 ignorant ignorant JJ 34823 5183 4 people people NNS 34823 5183 5 , , , 34823 5183 6 little little JJ 34823 5183 7 accustomed accustomed JJ 34823 5183 8 to to IN 34823 5183 9 developing develop VBG 34823 5183 10 new new JJ 34823 5183 11 expedients expedient NNS 34823 5183 12 , , , 34823 5183 13 having have VBG 34823 5183 14 an an DT 34823 5183 15 economic economic JJ 34823 5183 16 life life NN 34823 5183 17 that that WDT 34823 5183 18 is be VBZ 34823 5183 19 not not RB 34823 5183 20 flexible flexible JJ 34823 5183 21 , , , 34823 5183 22 having have VBG 34823 5183 23 an an DT 34823 5183 24 economy economy NN 34823 5183 25 based base VBN 34823 5183 26 on on IN 34823 5183 27 petty petty JJ 34823 5183 28 economic economic JJ 34823 5183 29 units unit NNS 34823 5183 30 , , , 34823 5183 31 having have VBG 34823 5183 32 little little JJ 34823 5183 33 development development NN 34823 5183 34 of of IN 34823 5183 35 credit credit NN 34823 5183 36 , , , 34823 5183 37 accustomed accustom VBN 34823 5183 38 to to IN 34823 5183 39 the the DT 34823 5183 40 use use NN 34823 5183 41 of of IN 34823 5183 42 money money NN 34823 5183 43 in in IN 34823 5183 44 most most JJS 34823 5183 45 transactions transaction NNS 34823 5183 46 , , , 34823 5183 47 money money NN 34823 5183 48 might may MD 34823 5183 49 well well RB 34823 5183 50 be be VB 34823 5183 51 , , , 34823 5183 52 in in IN 34823 5183 53 many many JJ 34823 5183 54 connections connection NNS 34823 5183 55 , , , 34823 5183 56 highly highly RB 34823 5183 57 important important JJ 34823 5183 58 if if IN 34823 5183 59 not not RB 34823 5183 60 indispensable indispensable JJ 34823 5183 61 . . . 34823 5184 1 In in IN 34823 5184 2 England England NNP 34823 5184 3 , , , 34823 5184 4 before before IN 34823 5184 5 the the DT 34823 5184 6 War War NNP 34823 5184 7 , , , 34823 5184 8 where where WRB 34823 5184 9 no no DT 34823 5184 10 bank bank NN 34823 5184 11 - - HYPH 34823 5184 12 notes note NNS 34823 5184 13 under under IN 34823 5184 14 five five CD 34823 5184 15 pounds pound NNS 34823 5184 16 were be VBD 34823 5184 17 in in IN 34823 5184 18 circulation circulation NN 34823 5184 19 , , , 34823 5184 20 and and CC 34823 5184 21 where where WRB 34823 5184 22 small small JJ 34823 5184 23 checks check NNS 34823 5184 24 were be VBD 34823 5184 25 little little RB 34823 5184 26 used use VBN 34823 5184 27 , , , 34823 5184 28 an an DT 34823 5184 29 agio agio NN 34823 5184 30 on on IN 34823 5184 31 coin coin NN 34823 5184 32 might may MD 34823 5184 33 appear appear VB 34823 5184 34 if if IN 34823 5184 35 coin coin NN 34823 5184 36 got get VBD 34823 5184 37 so so RB 34823 5184 38 scarce scarce JJ 34823 5184 39 as as IN 34823 5184 40 to to TO 34823 5184 41 be be VB 34823 5184 42 inadequate inadequate JJ 34823 5184 43 for for IN 34823 5184 44 retail retail JJ 34823 5184 45 trade trade NN 34823 5184 46 , , , 34823 5184 47 but but CC 34823 5184 48 for for IN 34823 5184 49 bank bank NN 34823 5184 50 reserves reserve NNS 34823 5184 51 bullion bullion NN 34823 5184 52 would would MD 34823 5184 53 have have VB 34823 5184 54 served serve VBN 34823 5184 55 virtually virtually RB 34823 5184 56 as as RB 34823 5184 57 well well RB 34823 5184 58 as as IN 34823 5184 59 coin coin NN 34823 5184 60 , , , 34823 5184 61 and and CC 34823 5184 62 with with IN 34823 5184 63 the the DT 34823 5184 64 stock stock NN 34823 5184 65 of of IN 34823 5184 66 coin coin NN 34823 5184 67 she -PRON- PRP 34823 5184 68 had have VBD 34823 5184 69 at at IN 34823 5184 70 the the DT 34823 5184 71 time time NN 34823 5184 72 England England NNP 34823 5184 73 could could MD 34823 5184 74 have have VB 34823 5184 75 gone go VBN 34823 5184 76 on on RP 34823 5184 77 for for IN 34823 5184 78 a a DT 34823 5184 79 long long JJ 34823 5184 80 time time NN 34823 5184 81 indeed indeed RB 34823 5184 82 with with IN 34823 5184 83 no no DT 34823 5184 84 more more JJR 34823 5184 85 agio agio JJ 34823 5184 86 than than IN 34823 5184 87 just just RB 34823 5184 88 enough enough RB 34823 5184 89 to to TO 34823 5184 90 prevent prevent VB 34823 5184 91 the the DT 34823 5184 92 melting melting NN 34823 5184 93 down down RP 34823 5184 94 of of IN 34823 5184 95 the the DT 34823 5184 96 coin coin NN 34823 5184 97 . . . 34823 5185 1 In in IN 34823 5185 2 the the DT 34823 5185 3 United United NNP 34823 5185 4 States States NNP 34823 5185 5 , , , 34823 5185 6 where where WRB 34823 5185 7 checks check NNS 34823 5185 8 can can MD 34823 5185 9 be be VB 34823 5185 10 used use VBN 34823 5185 11 for for IN 34823 5185 12 very very RB 34823 5185 13 small small JJ 34823 5185 14 transactions transaction NNS 34823 5185 15 , , , 34823 5185 16 and and CC 34823 5185 17 where where WRB 34823 5185 18 a a DT 34823 5185 19 high high JJ 34823 5185 20 percentage percentage NN 34823 5185 21 ( ( -LRB- 34823 5185 22 very very RB 34823 5185 23 conservatively conservatively RB 34823 5185 24 estimated estimate VBN 34823 5185 25 by by IN 34823 5185 26 Kinley Kinley NNP 34823 5185 27 at at IN 34823 5185 28 from from IN 34823 5185 29 50 50 CD 34823 5185 30 to to TO 34823 5185 31 60 60 CD 34823 5185 32 % % NN 34823 5185 33 ) ) -RRB- 34823 5185 34 of of IN 34823 5185 35 retail retail JJ 34823 5185 36 business business NN 34823 5185 37 is be VBZ 34823 5185 38 done do VBN 34823 5185 39 with with IN 34823 5185 40 checks check NNS 34823 5185 41 , , , 34823 5185 42 the the DT 34823 5185 43 agio agio NN 34823 5185 44 on on IN 34823 5185 45 coins coin NNS 34823 5185 46 of of IN 34823 5185 47 a a DT 34823 5185 48 dollar dollar NN 34823 5185 49 or or CC 34823 5185 50 over over RB 34823 5185 51 growing grow VBG 34823 5185 52 out out IN 34823 5185 53 of of IN 34823 5185 54 retail retail JJ 34823 5185 55 trade trade NN 34823 5185 56 might may MD 34823 5185 57 be be VB 34823 5185 58 expected expect VBN 34823 5185 59 to to TO 34823 5185 60 be be VB 34823 5185 61 very very RB 34823 5185 62 slight slight JJ 34823 5185 63 . . . 34823 5186 1 On on IN 34823 5186 2 the the DT 34823 5186 3 other other JJ 34823 5186 4 hand hand NN 34823 5186 5 , , , 34823 5186 6 the the DT 34823 5186 7 legal legal JJ 34823 5186 8 requirements requirement NNS 34823 5186 9 for for IN 34823 5186 10 reserves reserve NNS 34823 5186 11 in in IN 34823 5186 12 specified specify VBN 34823 5186 13 types[496 types[496 NNP 34823 5186 14 ] ] -RRB- 34823 5186 15 of of IN 34823 5186 16 money money NN 34823 5186 17 might may MD 34823 5186 18 , , , 34823 5186 19 in in IN 34823 5186 20 time time NN 34823 5186 21 , , , 34823 5186 22 lead lead VB 34823 5186 23 to to IN 34823 5186 24 some some DT 34823 5186 25 agio agio NN 34823 5186 26 . . . 34823 5187 1 I -PRON- PRP 34823 5187 2 do do VBP 34823 5187 3 not not RB 34823 5187 4 think think VB 34823 5187 5 that that IN 34823 5187 6 the the DT 34823 5187 7 reserve reserve NN 34823 5187 8 function function NN 34823 5187 9 in in IN 34823 5187 10 England England NNP 34823 5187 11 would would MD 34823 5187 12 ever ever RB 34823 5187 13 do do VB 34823 5187 14 so so RB 34823 5187 15 . . . 34823 5188 1 If if IN 34823 5188 2 we -PRON- PRP 34823 5188 3 could could MD 34823 5188 4 combine combine VB 34823 5188 5 our -PRON- PRP$ 34823 5188 6 use use NN 34823 5188 7 of of IN 34823 5188 8 checks check NNS 34823 5188 9 in in IN 34823 5188 10 retail retail JJ 34823 5188 11 trade trade NN 34823 5188 12 with with IN 34823 5188 13 England England NNP 34823 5188 14 's 's POS 34823 5188 15 absence absence NN 34823 5188 16 of of IN 34823 5188 17 legal legal JJ 34823 5188 18 reserve reserve NN 34823 5188 19 requirements requirement NNS 34823 5188 20 , , , 34823 5188 21 I -PRON- PRP 34823 5188 22 should should MD 34823 5188 23 think think VB 34823 5188 24 that that IN 34823 5188 25 the the DT 34823 5188 26 agio agio NN 34823 5188 27 would would MD 34823 5188 28 have have VB 34823 5188 29 little little JJ 34823 5188 30 chance chance NN 34823 5188 31 indeed indeed RB 34823 5188 32 of of IN 34823 5188 33 growing grow VBG 34823 5188 34 great great JJ 34823 5188 35 ! ! . 34823 5189 1 If if IN 34823 5189 2 to to IN 34823 5189 3 this this DT 34823 5189 4 could could MD 34823 5189 5 be be VB 34823 5189 6 added add VBN 34823 5189 7 Canada Canada NNP 34823 5189 8 's 's POS 34823 5189 9 extensive extensive JJ 34823 5189 10 use use NN 34823 5189 11 of of IN 34823 5189 12 small small JJ 34823 5189 13 elastic elastic JJ 34823 5189 14 bank bank NN 34823 5189 15 - - HYPH 34823 5189 16 notes note NNS 34823 5189 17 , , , 34823 5189 18 the the DT 34823 5189 19 chance chance NN 34823 5189 20 would would MD 34823 5189 21 be be VB 34823 5189 22 still still RB 34823 5189 23 less less JJR 34823 5189 24 . . . 34823 5190 1 If if IN 34823 5190 2 bank bank NN 34823 5190 3 - - HYPH 34823 5190 4 notes note NNS 34823 5190 5 of of IN 34823 5190 6 one one CD 34823 5190 7 dollar dollar NN 34823 5190 8 could could MD 34823 5190 9 be be VB 34823 5190 10 issued issue VBN 34823 5190 11 , , , 34823 5190 12 the the DT 34823 5190 13 agio agio NN 34823 5190 14 would would MD 34823 5190 15 be be VB 34823 5190 16 less less RBR 34823 5190 17 still still RB 34823 5190 18 . . . 34823 5191 1 It -PRON- PRP 34823 5191 2 is be VBZ 34823 5191 3 in in IN 34823 5191 4 the the DT 34823 5191 5 case case NN 34823 5191 6 of of IN 34823 5191 7 coins coin NNS 34823 5191 8 of of IN 34823 5191 9 very very RB 34823 5191 10 small small JJ 34823 5191 11 denomination denomination NN 34823 5191 12 that that WDT 34823 5191 13 the the DT 34823 5191 14 agio agio NN 34823 5191 15 might may MD 34823 5191 16 appear appear VB 34823 5191 17 most most RBS 34823 5191 18 readily readily RB 34823 5191 19 . . . 34823 5192 1 Such such JJ 34823 5192 2 coins coin NNS 34823 5192 3 , , , 34823 5192 4 if if IN 34823 5192 5 limited limit VBN 34823 5192 6 in in IN 34823 5192 7 amount amount NN 34823 5192 8 , , , 34823 5192 9 and and CC 34823 5192 10 if if IN 34823 5192 11 given give VBN 34823 5192 12 the the DT 34823 5192 13 usual usual JJ 34823 5192 14 restricted restrict VBN 34823 5192 15 legal legal JJ 34823 5192 16 tender,[497 tender,[497 NNS 34823 5192 17 ] ] -RRB- 34823 5192 18 do do VBP 34823 5192 19 not not RB 34823 5192 20 need need VB 34823 5192 21 redemption redemption NN 34823 5192 22 to to TO 34823 5192 23 circulate circulate VB 34823 5192 24 at at IN 34823 5192 25 face face NN 34823 5192 26 value value NN 34823 5192 27 , , , 34823 5192 28 even even RB 34823 5192 29 when when WRB 34823 5192 30 made make VBN 34823 5192 31 of of IN 34823 5192 32 baser baser NN 34823 5192 33 metals metal NNS 34823 5192 34 . . . 34823 5193 1 It -PRON- PRP 34823 5193 2 is be VBZ 34823 5193 3 quite quite RB 34823 5193 4 thinkable thinkable JJ 34823 5193 5 that that IN 34823 5193 6 such such JJ 34823 5193 7 coins coin NNS 34823 5193 8 should should MD 34823 5193 9 , , , 34823 5193 10 even even RB 34823 5193 11 when when WRB 34823 5193 12 redeemable redeemable JJ 34823 5193 13 , , , 34823 5193 14 circulate circulate VBP 34823 5193 15 at at IN 34823 5193 16 an an DT 34823 5193 17 agio agio NN 34823 5193 18 over over IN 34823 5193 19 the the DT 34823 5193 20 redemption redemption NN 34823 5193 21 money money NN 34823 5193 22 . . . 34823 5194 1 In in IN 34823 5194 2 small small JJ 34823 5194 3 retail retail JJ 34823 5194 4 transactions transaction NNS 34823 5194 5 the the DT 34823 5194 6 need need NN 34823 5194 7 for for IN 34823 5194 8 money money NN 34823 5194 9 to to TO 34823 5194 10 do do VB 34823 5194 11 business business NN 34823 5194 12 is be VBZ 34823 5194 13 most most RBS 34823 5194 14 imperative imperative JJ 34823 5194 15 . . . 34823 5195 1 Even even RB 34823 5195 2 here here RB 34823 5195 3 , , , 34823 5195 4 however however RB 34823 5195 5 , , , 34823 5195 6 there there EX 34823 5195 7 is be VBZ 34823 5195 8 large large JJ 34823 5195 9 flexibility flexibility NN 34823 5195 10 . . . 34823 5196 1 The the DT 34823 5196 2 present present JJ 34823 5196 3 writer writer NN 34823 5196 4 , , , 34823 5196 5 during during IN 34823 5196 6 the the DT 34823 5196 7 period period NN 34823 5196 8 of of IN 34823 5196 9 money money NN 34823 5196 10 stringency stringency NN 34823 5196 11 in in IN 34823 5196 12 the the DT 34823 5196 13 Panic Panic NNP 34823 5196 14 of of IN 34823 5196 15 1907 1907 CD 34823 5196 16 , , , 34823 5196 17 made make VBD 34823 5196 18 much much RB 34823 5196 19 larger large JJR 34823 5196 20 use use NN 34823 5196 21 of of IN 34823 5196 22 checks check NNS 34823 5196 23 in in IN 34823 5196 24 very very RB 34823 5196 25 small small JJ 34823 5196 26 payments payment NNS 34823 5196 27 than than IN 34823 5196 28 was be VBD 34823 5196 29 his -PRON- PRP$ 34823 5196 30 usual usual JJ 34823 5196 31 practice practice NN 34823 5196 32 , , , 34823 5196 33 and and CC 34823 5196 34 the the DT 34823 5196 35 same same JJ 34823 5196 36 was be VBD 34823 5196 37 true true JJ 34823 5196 38 of of IN 34823 5196 39 various various JJ 34823 5196 40 of of IN 34823 5196 41 his -PRON- PRP$ 34823 5196 42 acquaintances acquaintance NNS 34823 5196 43 . . . 34823 5197 1 I -PRON- PRP 34823 5197 2 think think VBP 34823 5197 3 that that IN 34823 5197 4 the the DT 34823 5197 5 quantity quantity NN 34823 5197 6 theorist theorist NN 34823 5197 7 , , , 34823 5197 8 with with IN 34823 5197 9 his -PRON- PRP$ 34823 5197 10 doctrine doctrine NN 34823 5197 11 of of IN 34823 5197 12 an an DT 34823 5197 13 unlimited unlimited JJ 34823 5197 14 agio agio NN 34823 5197 15 through through IN 34823 5197 16 the the DT 34823 5197 17 restriction restriction NN 34823 5197 18 of of IN 34823 5197 19 coinage coinage NN 34823 5197 20 proportionate proportionate NN 34823 5197 21 to to IN 34823 5197 22 the the DT 34823 5197 23 restriction restriction NN 34823 5197 24 , , , 34823 5197 25 is be VBZ 34823 5197 26 best best RB 34823 5197 27 understood understand VBN 34823 5197 28 if if IN 34823 5197 29 we -PRON- PRP 34823 5197 30 say say VBP 34823 5197 31 that that IN 34823 5197 32 he -PRON- PRP 34823 5197 33 has have VBZ 34823 5197 34 taken take VBN 34823 5197 35 an an DT 34823 5197 36 exaggerated exaggerated JJ 34823 5197 37 estimate estimate NN 34823 5197 38 of of IN 34823 5197 39 the the DT 34823 5197 40 imperativeness imperativeness NN 34823 5197 41 of of IN 34823 5197 42 the the DT 34823 5197 43 need need NN 34823 5197 44 for for IN 34823 5197 45 formed form VBN 34823 5197 46 money money NN 34823 5197 47 in in IN 34823 5197 48 the the DT 34823 5197 49 smallest small JJS 34823 5197 50 retail retail JJ 34823 5197 51 transactions transaction NNS 34823 5197 52 as as IN 34823 5197 53 typical typical JJ 34823 5197 54 of of IN 34823 5197 55 the the DT 34823 5197 56 whole whole JJ 34823 5197 57 situation situation NN 34823 5197 58 . . . 34823 5198 1 [ [ -LRB- 34823 5198 2 498 498 CD 34823 5198 3 ] ] -RRB- 34823 5198 4 I -PRON- PRP 34823 5198 5 have have VBP 34823 5198 6 elsewhere elsewhere RB 34823 5198 7 shown show VBN 34823 5198 8 , , , 34823 5198 9 however however RB 34823 5198 10 , , , 34823 5198 11 that that IN 34823 5198 12 , , , 34823 5198 13 in in IN 34823 5198 14 so so RB 34823 5198 15 far far RB 34823 5198 16 as as IN 34823 5198 17 Kinley Kinley NNP 34823 5198 18 's 's POS 34823 5198 19 figures figure NNS 34823 5198 20 for for IN 34823 5198 21 1909 1909 CD 34823 5198 22 give give VB 34823 5198 23 us -PRON- PRP 34823 5198 24 a a DT 34823 5198 25 clue,[499 clue,[499 NN 34823 5198 26 ] ] -RRB- 34823 5198 27 the the DT 34823 5198 28 total total JJ 34823 5198 29 retail retail JJ 34823 5198 30 trade trade NN 34823 5198 31 of of IN 34823 5198 32 the the DT 34823 5198 33 United United NNP 34823 5198 34 States States NNP 34823 5198 35 is be VBZ 34823 5198 36 less less JJR 34823 5198 37 than than IN 34823 5198 38 one one CD 34823 5198 39 - - HYPH 34823 5198 40 eleventh eleventh NN 34823 5198 41 of of IN 34823 5198 42 the the DT 34823 5198 43 total total NN 34823 5198 44 of of IN 34823 5198 45 all all DT 34823 5198 46 transactions transaction NNS 34823 5198 47 calling call VBG 34823 5198 48 for for IN 34823 5198 49 the the DT 34823 5198 50 use use NN 34823 5198 51 of of IN 34823 5198 52 money money NN 34823 5198 53 and and CC 34823 5198 54 checks check NNS 34823 5198 55 . . . 34823 5199 1 Of of IN 34823 5199 2 that that DT 34823 5199 3 total total JJ 34823 5199 4 retail retail JJ 34823 5199 5 trade trade NN 34823 5199 6 , , , 34823 5199 7 the the DT 34823 5199 8 part part NN 34823 5199 9 in in IN 34823 5199 10 which which WDT 34823 5199 11 money money NN 34823 5199 12 is be VBZ 34823 5199 13 actually actually RB 34823 5199 14 used use VBN 34823 5199 15 is be VBZ 34823 5199 16 , , , 34823 5199 17 on on IN 34823 5199 18 Kinley Kinley NNP 34823 5199 19 's 's POS 34823 5199 20 high high JJ 34823 5199 21 estimate estimate NN 34823 5199 22 , , , 34823 5199 23 between between IN 34823 5199 24 40 40 CD 34823 5199 25 and and CC 34823 5199 26 50%,[500 50%,[500 CD 34823 5199 27 ] ] -RRB- 34823 5199 28 and and CC 34823 5199 29 the the DT 34823 5199 30 part part NN 34823 5199 31 in in IN 34823 5199 32 which which WDT 34823 5199 33 money money NN 34823 5199 34 is be VBZ 34823 5199 35 imperative imperative JJ 34823 5199 36 is be VBZ 34823 5199 37 much much RB 34823 5199 38 lower low JJR 34823 5199 39 still still RB 34823 5199 40 . . . 34823 5200 1 Small small JJ 34823 5200 2 retail retail JJ 34823 5200 3 transactions transaction NNS 34823 5200 4 do do VBP 34823 5200 5 not not RB 34823 5200 6 give give VB 34823 5200 7 the the DT 34823 5200 8 type type NN 34823 5200 9 for for IN 34823 5200 10 the the DT 34823 5200 11 pecuniary pecuniary JJ 34823 5200 12 transactions transaction NNS 34823 5200 13 in in IN 34823 5200 14 the the DT 34823 5200 15 United United NNP 34823 5200 16 States States NNP 34823 5200 17 ! ! . 34823 5201 1 They -PRON- PRP 34823 5201 2 more more RBR 34823 5201 3 nearly nearly RB 34823 5201 4 do do VBP 34823 5201 5 so so RB 34823 5201 6 in in IN 34823 5201 7 India India NNP 34823 5201 8 , , , 34823 5201 9 and and CC 34823 5201 10 the the DT 34823 5201 11 possibility possibility NN 34823 5201 12 of of IN 34823 5201 13 agio agio NNP 34823 5201 14 is be VBZ 34823 5201 15 , , , 34823 5201 16 doubtless doubtless RB 34823 5201 17 , , , 34823 5201 18 greater great JJR 34823 5201 19 there there RB 34823 5201 20 . . . 34823 5202 1 For for IN 34823 5202 2 our -PRON- PRP$ 34823 5202 3 larger large JJR 34823 5202 4 transactions transaction NNS 34823 5202 5 , , , 34823 5202 6 there there EX 34823 5202 7 is be VBZ 34823 5202 8 an an DT 34823 5202 9 almost almost RB 34823 5202 10 indefinite indefinite JJ 34823 5202 11 possibility possibility NN 34823 5202 12 of of IN 34823 5202 13 substitutes substitute NNS 34823 5202 14 for for IN 34823 5202 15 coined coined JJ 34823 5202 16 money money NN 34823 5202 17 , , , 34823 5202 18 if if IN 34823 5202 19 profits profit NNS 34823 5202 20 can can MD 34823 5202 21 be be VB 34823 5202 22 made make VBN 34823 5202 23 by by IN 34823 5202 24 making make VBG 34823 5202 25 the the DT 34823 5202 26 substitutions substitution NNS 34823 5202 27 . . . 34823 5203 1 Beating beat VBG 34823 5203 2 the the DT 34823 5203 3 agio agio NN 34823 5203 4 would would MD 34823 5203 5 be be VB 34823 5203 6 a a DT 34823 5203 7 source source NN 34823 5203 8 of of IN 34823 5203 9 profits profit NNS 34823 5203 10 . . . 34823 5204 1 I -PRON- PRP 34823 5204 2 repeat repeat VBP 34823 5204 3 what what WP 34823 5204 4 was be VBD 34823 5204 5 said say VBN 34823 5204 6 in in IN 34823 5204 7 the the DT 34823 5204 8 chapter chapter NN 34823 5204 9 on on IN 34823 5204 10 " " `` 34823 5204 11 Dodo Dodo NNP 34823 5204 12 - - HYPH 34823 5204 13 Bones Bones NNP 34823 5204 14 " " '' 34823 5204 15 differentiating differentiate VBG 34823 5204 16 this this DT 34823 5204 17 doctrine doctrine NN 34823 5204 18 of of IN 34823 5204 19 the the DT 34823 5204 20 agio agio NN 34823 5204 21 from from IN 34823 5204 22 the the DT 34823 5204 23 quantity quantity NN 34823 5204 24 theory theory NN 34823 5204 25 doctrine doctrine NN 34823 5204 26 : : : 34823 5204 27 ( ( -LRB- 34823 5204 28 1 1 LS 34823 5204 29 ) ) -RRB- 34823 5204 30 This this DT 34823 5204 31 doctrine doctrine NN 34823 5204 32 presupposes presuppose VBZ 34823 5204 33 value value NN 34823 5204 34 for for IN 34823 5204 35 the the DT 34823 5204 36 money money NN 34823 5204 37 article article NN 34823 5204 38 from from IN 34823 5204 39 some some DT 34823 5204 40 non non JJ 34823 5204 41 - - JJ 34823 5204 42 monetary monetary JJ 34823 5204 43 source source NN 34823 5204 44 . . . 34823 5205 1 It -PRON- PRP 34823 5205 2 relates relate VBZ 34823 5205 3 only only RB 34823 5205 4 to to IN 34823 5205 5 a a DT 34823 5205 6 differential differential JJ 34823 5205 7 portion portion NN 34823 5205 8 of of IN 34823 5205 9 the the DT 34823 5205 10 value value NN 34823 5205 11 of of IN 34823 5205 12 money money NN 34823 5205 13 . . . 34823 5206 1 ( ( -LRB- 34823 5206 2 2 2 LS 34823 5206 3 ) ) -RRB- 34823 5206 4 This this DT 34823 5206 5 doctrine doctrine NN 34823 5206 6 denies deny VBZ 34823 5206 7 the the DT 34823 5206 8 law law NN 34823 5206 9 of of IN 34823 5206 10 proportionality proportionality NN 34823 5206 11 even even RB 34823 5206 12 for for IN 34823 5206 13 this this DT 34823 5206 14 differential differential NN 34823 5206 15 portion portion NN 34823 5206 16 . . . 34823 5207 1 ( ( -LRB- 34823 5207 2 3 3 LS 34823 5207 3 ) ) -RRB- 34823 5207 4 This this DT 34823 5207 5 doctrine doctrine NN 34823 5207 6 is be VBZ 34823 5207 7 concerned concern VBN 34823 5207 8 , , , 34823 5207 9 not not RB 34823 5207 10 with with IN 34823 5207 11 the the DT 34823 5207 12 general general JJ 34823 5207 13 level level NN 34823 5207 14 of of IN 34823 5207 15 prices price NNS 34823 5207 16 , , , 34823 5207 17 but but CC 34823 5207 18 with with IN 34823 5207 19 the the DT 34823 5207 20 absolute absolute JJ 34823 5207 21 value value NN 34823 5207 22 of of IN 34823 5207 23 money money NN 34823 5207 24 measured measure VBN 34823 5207 25 in in IN 34823 5207 26 the the DT 34823 5207 27 ratio ratio NN 34823 5207 28 of of IN 34823 5207 29 coin coin NN 34823 5207 30 to to TO 34823 5207 31 bullion bullion VB 34823 5207 32 . . . 34823 5208 1 Under under IN 34823 5208 2 the the DT 34823 5208 3 system system NN 34823 5208 4 of of IN 34823 5208 5 free free JJ 34823 5208 6 and and CC 34823 5208 7 gratuitous gratuitous JJ 34823 5208 8 coinage coinage NN 34823 5208 9 , , , 34823 5208 10 no no DT 34823 5208 11 agio agio NN 34823 5208 12 of of IN 34823 5208 13 coined coin VBN 34823 5208 14 over over IN 34823 5208 15 uncoined uncoined JJ 34823 5208 16 bullion bullion NN 34823 5208 17 is be VBZ 34823 5208 18 possible possible JJ 34823 5208 19 . . . 34823 5209 1 Where where WRB 34823 5209 2 small small JJ 34823 5209 3 brassage brassage NN 34823 5209 4 charges charge NNS 34823 5209 5 are be VBP 34823 5209 6 made make VBN 34823 5209 7 , , , 34823 5209 8 as as IN 34823 5209 9 in in IN 34823 5209 10 France France NNP 34823 5209 11 ( ( -LRB- 34823 5209 12 or or CC 34823 5209 13 as as IN 34823 5209 14 in in IN 34823 5209 15 England England NNP 34823 5209 16 , , , 34823 5209 17 where where WRB 34823 5209 18 the the DT 34823 5209 19 interest interest NN 34823 5209 20 lost lose VBN 34823 5209 21 during during IN 34823 5209 22 the the DT 34823 5209 23 period period NN 34823 5209 24 of of IN 34823 5209 25 coinage coinage NN 34823 5209 26 is be VBZ 34823 5209 27 charged charge VBN 34823 5209 28 to to IN 34823 5209 29 the the DT 34823 5209 30 man man NN 34823 5209 31 who who WP 34823 5209 32 exchanges exchange VBZ 34823 5209 33 bullion bullion VBP 34823 5209 34 for for IN 34823 5209 35 coin coin NN 34823 5209 36 at at IN 34823 5209 37 the the DT 34823 5209 38 Bank Bank NNP 34823 5209 39 of of IN 34823 5209 40 England England NNP 34823 5209 41 ) ) -RRB- 34823 5209 42 there there EX 34823 5209 43 may may MD 34823 5209 44 be be VB 34823 5209 45 an an DT 34823 5209 46 agio agio NN 34823 5209 47 of of IN 34823 5209 48 this this DT 34823 5209 49 amount amount NN 34823 5209 50 , , , 34823 5209 51 though though IN 34823 5209 52 it -PRON- PRP 34823 5209 53 often often RB 34823 5209 54 happens happen VBZ 34823 5209 55 that that IN 34823 5209 56 this this DT 34823 5209 57 agio agio NN 34823 5209 58 disappears disappear VBZ 34823 5209 59 , , , 34823 5209 60 particularly particularly RB 34823 5209 61 in in IN 34823 5209 62 England England NNP 34823 5209 63 . . . 34823 5210 1 So so CC 34823 5210 2 perfectly perfectly RB 34823 5210 3 is be VBZ 34823 5210 4 bullion bullion NN 34823 5210 5 a a DT 34823 5210 6 substitute substitute NN 34823 5210 7 for for IN 34823 5210 8 coin coin NN 34823 5210 9 in in IN 34823 5210 10 England England NNP 34823 5210 11 , , , 34823 5210 12 that that IN 34823 5210 13 the the DT 34823 5210 14 Bank Bank NNP 34823 5210 15 of of IN 34823 5210 16 England England NNP 34823 5210 17 will will MD 34823 5210 18 often often RB 34823 5210 19 forego forego VB 34823 5210 20 its -PRON- PRP$ 34823 5210 21 privilege privilege NN 34823 5210 22 of of IN 34823 5210 23 taking take VBG 34823 5210 24 the the DT 34823 5210 25 slight slight JJ 34823 5210 26 toll toll NN 34823 5210 27 in in IN 34823 5210 28 interest interest NN 34823 5210 29 , , , 34823 5210 30 and and CC 34823 5210 31 will will MD 34823 5210 32 credit credit VB 34823 5210 33 men man NNS 34823 5210 34 depositing deposit VBG 34823 5210 35 bullion bullion NN 34823 5210 36 with with IN 34823 5210 37 as as RB 34823 5210 38 much much JJ 34823 5210 39 as as IN 34823 5210 40 if if IN 34823 5210 41 they -PRON- PRP 34823 5210 42 had have VBD 34823 5210 43 deposited deposit VBN 34823 5210 44 coin coin NN 34823 5210 45 . . . 34823 5211 1 From from IN 34823 5211 2 what what WP 34823 5211 3 has have VBZ 34823 5211 4 gone go VBN 34823 5211 5 before before RB 34823 5211 6 , , , 34823 5211 7 as as IN 34823 5211 8 to to IN 34823 5211 9 the the DT 34823 5211 10 possibility possibility NN 34823 5211 11 of of IN 34823 5211 12 an an DT 34823 5211 13 agio agio NN 34823 5211 14 , , , 34823 5211 15 I -PRON- PRP 34823 5211 16 conclude conclude VBP 34823 5211 17 that that IN 34823 5211 18 the the DT 34823 5211 19 United United NNP 34823 5211 20 States States NNP 34823 5211 21 , , , 34823 5211 22 England England NNP 34823 5211 23 , , , 34823 5211 24 Canada Canada NNP 34823 5211 25 , , , 34823 5211 26 and and CC 34823 5211 27 possibly possibly RB 34823 5211 28 France France NNP 34823 5211 29 , , , 34823 5211 30 would would MD 34823 5211 31 be be VB 34823 5211 32 unable unable JJ 34823 5211 33 to to TO 34823 5211 34 make make VB 34823 5211 35 large large JJ 34823 5211 36 brassage brassage NN 34823 5211 37 charges charge NNS 34823 5211 38 . . . 34823 5212 1 If if IN 34823 5212 2 the the DT 34823 5212 3 brassage brassage NN 34823 5212 4 charge charge NN 34823 5212 5 were be VBD 34823 5212 6 much much RB 34823 5212 7 larger large JJR 34823 5212 8 than than IN 34823 5212 9 the the DT 34823 5212 10 charges charge NNS 34823 5212 11 made make VBN 34823 5212 12 by by IN 34823 5212 13 reputable reputable JJ 34823 5212 14 and and CC 34823 5212 15 well well RB 34823 5212 16 - - HYPH 34823 5212 17 known know VBN 34823 5212 18 jewelers jeweler NNS 34823 5212 19 for for IN 34823 5212 20 assaying assay VBG 34823 5212 21 and and CC 34823 5212 22 weighing weigh VBG 34823 5212 23 , , , 34823 5212 24 etc etc FW 34823 5212 25 . . FW 34823 5212 26 , , , 34823 5212 27 there there EX 34823 5212 28 would would MD 34823 5212 29 be be VB 34823 5212 30 a a DT 34823 5212 31 large large JJ 34823 5212 32 substitution substitution NN 34823 5212 33 of of IN 34823 5212 34 bars bar NNS 34823 5212 35 for for IN 34823 5212 36 coins coin NNS 34823 5212 37 , , , 34823 5212 38 and and CC 34823 5212 39 the the DT 34823 5212 40 mints mint NNS 34823 5212 41 would would MD 34823 5212 42 have have VB 34823 5212 43 little little JJ 34823 5212 44 to to TO 34823 5212 45 do do VB 34823 5212 46 . . . 34823 5213 1 However however RB 34823 5213 2 , , , 34823 5213 3 it -PRON- PRP 34823 5213 4 needs need VBZ 34823 5213 5 no no DT 34823 5213 6 arguing arguing NN 34823 5213 7 that that IN 34823 5213 8 with with IN 34823 5213 9 free free JJ 34823 5213 10 coinage coinage NN 34823 5213 11 , , , 34823 5213 12 and and CC 34823 5213 13 either either CC 34823 5213 14 very very RB 34823 5213 15 low low JJ 34823 5213 16 or or CC 34823 5213 17 no no DT 34823 5213 18 brassage brassage NN 34823 5213 19 charges charge NNS 34823 5213 20 , , , 34823 5213 21 the the DT 34823 5213 22 value value NN 34823 5213 23 of of IN 34823 5213 24 bullion bullion NN 34823 5213 25 and and CC 34823 5213 26 of of IN 34823 5213 27 coin coin NN 34823 5213 28 will will NN 34823 5213 29 , , , 34823 5213 30 quality quality NN 34823 5213 31 for for IN 34823 5213 32 quality quality NN 34823 5213 33 and and CC 34823 5213 34 weight weight NN 34823 5213 35 for for IN 34823 5213 36 weight weight NN 34823 5213 37 , , , 34823 5213 38 be be VB 34823 5213 39 virtually virtually RB 34823 5213 40 identical identical JJ 34823 5213 41 , , , 34823 5213 42 within within IN 34823 5213 43 a a DT 34823 5213 44 narrow narrow JJ 34823 5213 45 range range NN 34823 5213 46 of of IN 34823 5213 47 variation variation NN 34823 5213 48 . . . 34823 5214 1 What what WP 34823 5214 2 , , , 34823 5214 3 then then RB 34823 5214 4 , , , 34823 5214 5 shall shall MD 34823 5214 6 we -PRON- PRP 34823 5214 7 say say VB 34823 5214 8 of of IN 34823 5214 9 the the DT 34823 5214 10 way way NN 34823 5214 11 in in IN 34823 5214 12 which which WDT 34823 5214 13 the the DT 34823 5214 14 forces force NNS 34823 5214 15 drawing draw VBG 34823 5214 16 gold gold NN 34823 5214 17 from from IN 34823 5214 18 the the DT 34823 5214 19 arts art NNS 34823 5214 20 into into IN 34823 5214 21 money money NN 34823 5214 22 manifest manifest VBP 34823 5214 23 themselves -PRON- PRP 34823 5214 24 ? ? . 34823 5215 1 How how WRB 34823 5215 2 describe describe VBP 34823 5215 3 the the DT 34823 5215 4 equilibrium equilibrium NN 34823 5215 5 between between IN 34823 5215 6 the the DT 34823 5215 7 value value NN 34823 5215 8 of of IN 34823 5215 9 gold gold NN 34823 5215 10 as as IN 34823 5215 11 money money NN 34823 5215 12 and and CC 34823 5215 13 the the DT 34823 5215 14 value value NN 34823 5215 15 of of IN 34823 5215 16 gold gold NN 34823 5215 17 in in IN 34823 5215 18 the the DT 34823 5215 19 arts art NNS 34823 5215 20 ? ? . 34823 5216 1 How how WRB 34823 5216 2 construct construct VBP 34823 5216 3 intersecting intersect VBG 34823 5216 4 curves curve NNS 34823 5216 5 , , , 34823 5216 6 presenting present VBG 34823 5216 7 a a DT 34823 5216 8 marginal marginal JJ 34823 5216 9 equilibrium equilibrium NN 34823 5216 10 ? ? . 34823 5217 1 The the DT 34823 5217 2 problem problem NN 34823 5217 3 is be VBZ 34823 5217 4 baffling baffling JJ 34823 5217 5 , , , 34823 5217 6 and and CC 34823 5217 7 I -PRON- PRP 34823 5217 8 frankly frankly RB 34823 5217 9 confess confess VBP 34823 5217 10 that that IN 34823 5217 11 what what WP 34823 5217 12 I -PRON- PRP 34823 5217 13 shall shall MD 34823 5217 14 have have VB 34823 5217 15 to to TO 34823 5217 16 say say VB 34823 5217 17 does do VBZ 34823 5217 18 not not RB 34823 5217 19 satisfy satisfy VB 34823 5217 20 me -PRON- PRP 34823 5217 21 . . . 34823 5218 1 I -PRON- PRP 34823 5218 2 hope hope VBP 34823 5218 3 that that IN 34823 5218 4 some some DT 34823 5218 5 critic critic NN 34823 5218 6 may may MD 34823 5218 7 solve solve VB 34823 5218 8 the the DT 34823 5218 9 problem problem NN 34823 5218 10 better well RBR 34823 5218 11 . . . 34823 5219 1 I -PRON- PRP 34823 5219 2 can can MD 34823 5219 3 point point VB 34823 5219 4 out out RP 34823 5219 5 the the DT 34823 5219 6 difficulties difficulty NNS 34823 5219 7 of of IN 34823 5219 8 the the DT 34823 5219 9 situation situation NN 34823 5219 10 , , , 34823 5219 11 and and CC 34823 5219 12 can can MD 34823 5219 13 indicate indicate VB 34823 5219 14 reasons reason NNS 34823 5219 15 why why WRB 34823 5219 16 the the DT 34823 5219 17 sort sort NN 34823 5219 18 of of IN 34823 5219 19 solution solution NN 34823 5219 20 which which WDT 34823 5219 21 the the DT 34823 5219 22 economist economist NN 34823 5219 23 's 's POS 34823 5219 24 training training NN 34823 5219 25 in in IN 34823 5219 26 marginal marginal JJ 34823 5219 27 analysis analysis NN 34823 5219 28 leads lead VBZ 34823 5219 29 him -PRON- PRP 34823 5219 30 to to TO 34823 5219 31 desire desire VB 34823 5219 32 are be VBP 34823 5219 33 not not RB 34823 5219 34 easily easily RB 34823 5219 35 found find VBN 34823 5219 36 . . . 34823 5220 1 But but CC 34823 5220 2 I -PRON- PRP 34823 5220 3 fear fear VBP 34823 5220 4 that that IN 34823 5220 5 I -PRON- PRP 34823 5220 6 shall shall MD 34823 5220 7 fail fail VB 34823 5220 8 to to TO 34823 5220 9 satisfy satisfy VB 34823 5220 10 the the DT 34823 5220 11 demand demand NN 34823 5220 12 for for IN 34823 5220 13 an an DT 34823 5220 14 application application NN 34823 5220 15 of of IN 34823 5220 16 curves curve NNS 34823 5220 17 to to IN 34823 5220 18 the the DT 34823 5220 19 problem problem NN 34823 5220 20 ! ! . 34823 5221 1 The the DT 34823 5221 2 first first JJ 34823 5221 3 difficulty difficulty NN 34823 5221 4 is be VBZ 34823 5221 5 that that IN 34823 5221 6 we -PRON- PRP 34823 5221 7 are be VBP 34823 5221 8 barred bar VBN 34823 5221 9 from from IN 34823 5221 10 the the DT 34823 5221 11 use use NN 34823 5221 12 of of IN 34823 5221 13 our -PRON- PRP$ 34823 5221 14 yardstick yardstick NN 34823 5221 15 . . . 34823 5222 1 Money money NN 34823 5222 2 is be VBZ 34823 5222 3 the the DT 34823 5222 4 measure measure NN 34823 5222 5 of of IN 34823 5222 6 all all DT 34823 5222 7 things thing NNS 34823 5222 8 in in IN 34823 5222 9 economic economic JJ 34823 5222 10 theory theory NN 34823 5222 11 -- -- : 34823 5222 12 except except IN 34823 5222 13 money money NN 34823 5222 14 and and CC 34823 5222 15 gold gold NN 34823 5222 16 bullion bullion NN 34823 5222 17 ! ! . 34823 5223 1 Of of RB 34823 5223 2 course course RB 34823 5223 3 there there EX 34823 5223 4 are be VBP 34823 5223 5 economic economic JJ 34823 5223 6 values value NNS 34823 5223 7 other other JJ 34823 5223 8 than than IN 34823 5223 9 those those DT 34823 5223 10 of of IN 34823 5223 11 gold gold NN 34823 5223 12 which which WDT 34823 5223 13 do do VBP 34823 5223 14 not not RB 34823 5223 15 actually actually RB 34823 5223 16 come come VB 34823 5223 17 into into IN 34823 5223 18 the the DT 34823 5223 19 market market NN 34823 5223 20 , , , 34823 5223 21 but but CC 34823 5223 22 even even RB 34823 5223 23 there there RB 34823 5223 24 we -PRON- PRP 34823 5223 25 can can MD 34823 5223 26 commonly commonly RB 34823 5223 27 , , , 34823 5223 28 by by IN 34823 5223 29 the the DT 34823 5223 30 accountant accountant NN 34823 5223 31 's 's POS 34823 5223 32 methods method NNS 34823 5223 33 , , , 34823 5223 34 make make VB 34823 5223 35 use use NN 34823 5223 36 of of IN 34823 5223 37 the the DT 34823 5223 38 money money NN 34823 5223 39 measure measure NN 34823 5223 40 . . . 34823 5224 1 In in IN 34823 5224 2 very very RB 34823 5224 3 high high JJ 34823 5224 4 degree degree NN 34823 5224 5 , , , 34823 5224 6 our -PRON- PRP$ 34823 5224 7 conventional conventional JJ 34823 5224 8 curves curve NNS 34823 5224 9 of of IN 34823 5224 10 all all DT 34823 5224 11 sorts sort NNS 34823 5224 12 run run VBN 34823 5224 13 in in IN 34823 5224 14 money money NN 34823 5224 15 terms term NNS 34823 5224 16 , , , 34823 5224 17 and and CC 34823 5224 18 assume assume VB 34823 5224 19 a a DT 34823 5224 20 fixed fix VBN 34823 5224 21 value value NN 34823 5224 22 of of IN 34823 5224 23 money money NN 34823 5224 24 . . . 34823 5225 1 Clearly clearly RB 34823 5225 2 the the DT 34823 5225 3 money money NN 34823 5225 4 curve curve NN 34823 5225 5 of of IN 34823 5225 6 diminishing diminish VBG 34823 5225 7 value value NN 34823 5225 8 for for IN 34823 5225 9 gold gold NN 34823 5225 10 would would MD 34823 5225 11 tell tell VB 34823 5225 12 us -PRON- PRP 34823 5225 13 nothing nothing NN 34823 5225 14 . . . 34823 5226 1 The the DT 34823 5226 2 value value NN 34823 5226 3 of of IN 34823 5226 4 gold gold NN 34823 5226 5 might may MD 34823 5226 6 sink sink VB 34823 5226 7 as as IN 34823 5226 8 its -PRON- PRP$ 34823 5226 9 quantity quantity NN 34823 5226 10 increased increase VBD 34823 5226 11 , , , 34823 5226 12 but but CC 34823 5226 13 then then RB 34823 5226 14 the the DT 34823 5226 15 value value NN 34823 5226 16 of of IN 34823 5226 17 the the DT 34823 5226 18 money money NN 34823 5226 19 - - HYPH 34823 5226 20 unit unit NN 34823 5226 21 would would MD 34823 5226 22 sink sink VB 34823 5226 23 _ _ NNP 34823 5226 24 pari pari JJ 34823 5226 25 passu passu NNP 34823 5226 26 _ _ NNP 34823 5226 27 , , , 34823 5226 28 and and CC 34823 5226 29 so so RB 34823 5226 30 the the DT 34823 5226 31 curve curve NN 34823 5226 32 , , , 34823 5226 33 with with IN 34823 5226 34 ordinates ordinate NNS 34823 5226 35 expressed express VBN 34823 5226 36 in in IN 34823 5226 37 numbers number NNS 34823 5226 38 of of IN 34823 5226 39 dollars dollar NNS 34823 5226 40 per per IN 34823 5226 41 ounce ounce NN 34823 5226 42 , , , 34823 5226 43 would would MD 34823 5226 44 not not RB 34823 5226 45 sink sink VB 34823 5226 46 . . . 34823 5227 1 The the DT 34823 5227 2 value value NN 34823 5227 3 - - HYPH 34823 5227 4 curve curve NN 34823 5227 5 of of IN 34823 5227 6 gold gold NN 34823 5227 7 , , , 34823 5227 8 expressed express VBN 34823 5227 9 in in IN 34823 5227 10 money money NN 34823 5227 11 , , , 34823 5227 12 is be VBZ 34823 5227 13 a a DT 34823 5227 14 straight straight JJ 34823 5227 15 line line NN 34823 5227 16 , , , 34823 5227 17 parallel parallel JJ 34823 5227 18 to to IN 34823 5227 19 the the DT 34823 5227 20 X x NN 34823 5227 21 axis axis NN 34823 5227 22 . . . 34823 5228 1 Possible possible JJ 34823 5228 2 substitutes substitute NNS 34823 5228 3 in in IN 34823 5228 4 the the DT 34823 5228 5 form form NN 34823 5228 6 of of IN 34823 5228 7 abstract abstract JJ 34823 5228 8 units unit NNS 34823 5228 9 of of IN 34823 5228 10 value,[501 value,[501 NNP 34823 5228 11 ] ] -RRB- 34823 5228 12 or or CC 34823 5228 13 of of IN 34823 5228 14 composite composite JJ 34823 5228 15 units unit NNS 34823 5228 16 of of IN 34823 5228 17 goods good NNS 34823 5228 18 , , , 34823 5228 19 of of IN 34823 5228 20 an an DT 34823 5228 21 assumed assume VBN 34823 5228 22 fixed fix VBN 34823 5228 23 value value NN 34823 5228 24 , , , 34823 5228 25 will will MD 34823 5228 26 have have VB 34823 5228 27 to to TO 34823 5228 28 be be VB 34823 5228 29 used use VBN 34823 5228 30 if if IN 34823 5228 31 anything anything NN 34823 5228 32 is be VBZ 34823 5228 33 used use VBN 34823 5228 34 , , , 34823 5228 35 but but CC 34823 5228 36 they -PRON- PRP 34823 5228 37 are be VBP 34823 5228 38 less less RBR 34823 5228 39 satisfactory satisfactory JJ 34823 5228 40 in in IN 34823 5228 41 the the DT 34823 5228 42 application application NN 34823 5228 43 , , , 34823 5228 44 and and CC 34823 5228 45 leave leave VB 34823 5228 46 the the DT 34823 5228 47 analysis analysis NN 34823 5228 48 a a DT 34823 5228 49 good good JJ 34823 5228 50 deal deal NN 34823 5228 51 less less RBR 34823 5228 52 realistic realistic JJ 34823 5228 53 . . . 34823 5229 1 If if IN 34823 5229 2 this this DT 34823 5229 3 were be VBD 34823 5229 4 all all DT 34823 5229 5 , , , 34823 5229 6 the the DT 34823 5229 7 problem problem NN 34823 5229 8 would would MD 34823 5229 9 be be VB 34823 5229 10 easy easy JJ 34823 5229 11 ! ! . 34823 5230 1 But but CC 34823 5230 2 there there EX 34823 5230 3 is be VBZ 34823 5230 4 a a DT 34823 5230 5 second second JJ 34823 5230 6 difficulty difficulty NN 34823 5230 7 . . . 34823 5231 1 We -PRON- PRP 34823 5231 2 find find VBP 34823 5231 3 the the DT 34823 5231 4 factors factor NNS 34823 5231 5 requiring require VBG 34823 5231 6 gold gold NN 34823 5231 7 as as IN 34823 5231 8 money money NN 34823 5231 9 , , , 34823 5231 10 if if IN 34823 5231 11 summed sum VBN 34823 5231 12 up up RP 34823 5231 13 in in IN 34823 5231 14 a a DT 34823 5231 15 curve curve NN 34823 5231 16 , , , 34823 5231 17 presenting present VBG 34823 5231 18 themselves -PRON- PRP 34823 5231 19 as as IN 34823 5231 20 a a DT 34823 5231 21 call call NN 34823 5231 22 for for IN 34823 5231 23 the the DT 34823 5231 24 temporary temporary JJ 34823 5231 25 rental rental NN 34823 5231 26 of of IN 34823 5231 27 the the DT 34823 5231 28 gold gold NN 34823 5231 29 . . . 34823 5232 1 The the DT 34823 5232 2 money money NN 34823 5232 3 functions function NNS 34823 5232 4 are be VBP 34823 5232 5 performed perform VBN 34823 5232 6 , , , 34823 5232 7 in in IN 34823 5232 8 general general JJ 34823 5232 9 , , , 34823 5232 10 not not RB 34823 5232 11 by by IN 34823 5232 12 keeping keep VBG 34823 5232 13 gold gold NN 34823 5232 14 , , , 34823 5232 15 and and CC 34823 5232 16 getting get VBG 34823 5232 17 an an DT 34823 5232 18 endless endless JJ 34823 5232 19 series series NN 34823 5232 20 of of IN 34823 5232 21 uses use NNS 34823 5232 22 from from IN 34823 5232 23 it -PRON- PRP 34823 5232 24 , , , 34823 5232 25 as as IN 34823 5232 26 in in IN 34823 5232 27 the the DT 34823 5232 28 arts art NNS 34823 5232 29 , , , 34823 5232 30 but but CC 34823 5232 31 by by IN 34823 5232 32 passing pass VBG 34823 5232 33 it -PRON- PRP 34823 5232 34 on on RP 34823 5232 35 , , , 34823 5232 36 sooner sooner RB 34823 5232 37 or or CC 34823 5232 38 later later RB 34823 5232 39 . . . 34823 5233 1 Even even RB 34823 5233 2 in in IN 34823 5233 3 the the DT 34823 5233 4 case case NN 34823 5233 5 of of IN 34823 5233 6 the the DT 34823 5233 7 reserve reserve NN 34823 5233 8 function function NN 34823 5233 9 , , , 34823 5233 10 the the DT 34823 5233 11 bearer bearer NN 34823 5233 12 of of IN 34823 5233 13 options option NNS 34823 5233 14 function function NN 34823 5233 15 , , , 34823 5233 16 and and CC 34823 5233 17 the the DT 34823 5233 18 store store NN 34823 5233 19 of of IN 34823 5233 20 value value NN 34823 5233 21 functions function NNS 34823 5233 22 , , , 34823 5233 23 it -PRON- PRP 34823 5233 24 is be VBZ 34823 5233 25 not not RB 34823 5233 26 expected expect VBN 34823 5233 27 to to TO 34823 5233 28 hold hold VB 34823 5233 29 the the DT 34823 5233 30 gold gold NN 34823 5233 31 indefinitely indefinitely RB 34823 5233 32 -- -- : 34823 5233 33 always always RB 34823 5233 34 there there EX 34823 5233 35 is be VBZ 34823 5233 36 the the DT 34823 5233 37 anticipation anticipation NN 34823 5233 38 of of IN 34823 5233 39 some some DT 34823 5233 40 time time NN 34823 5233 41 when when WRB 34823 5233 42 it -PRON- PRP 34823 5233 43 will will MD 34823 5233 44 be be VB 34823 5233 45 passed pass VBN 34823 5233 46 on on RP 34823 5233 47 again again RB 34823 5233 48 . . . 34823 5234 1 A a DT 34823 5234 2 curve curve NN 34823 5234 3 for for IN 34823 5234 4 gold gold NN 34823 5234 5 in in IN 34823 5234 6 the the DT 34823 5234 7 monetary monetary JJ 34823 5234 8 employments employment NNS 34823 5234 9 , , , 34823 5234 10 therefore therefore RB 34823 5234 11 , , , 34823 5234 12 would would MD 34823 5234 13 be be VB 34823 5234 14 a a DT 34823 5234 15 curve curve NN 34823 5234 16 showing show VBG 34823 5234 17 the the DT 34823 5234 18 diminishing diminish VBG 34823 5234 19 values value NNS 34823 5234 20 of of IN 34823 5234 21 rents rent NNS 34823 5234 22 , , , 34823 5234 23 or or CC 34823 5234 24 particular particular JJ 34823 5234 25 services service NNS 34823 5234 26 rather rather RB 34823 5234 27 than than IN 34823 5234 28 a a DT 34823 5234 29 curve curve NN 34823 5234 30 for for IN 34823 5234 31 capital capital NN 34823 5234 32 values value NNS 34823 5234 33 . . . 34823 5235 1 The the DT 34823 5235 2 curve curve NN 34823 5235 3 for for IN 34823 5235 4 gold gold NN 34823 5235 5 in in IN 34823 5235 6 the the DT 34823 5235 7 arts art NNS 34823 5235 8 , , , 34823 5235 9 however however RB 34823 5235 10 , , , 34823 5235 11 would would MD 34823 5235 12 be be VB 34823 5235 13 a a DT 34823 5235 14 curve curve NN 34823 5235 15 showing show VBG 34823 5235 16 the the DT 34823 5235 17 diminishing diminish VBG 34823 5235 18 _ _ NNP 34823 5235 19 capital capital NN 34823 5235 20 values value NNS 34823 5235 21 _ _ NNP 34823 5235 22 of of IN 34823 5235 23 units unit NNS 34823 5235 24 of of IN 34823 5235 25 gold gold NN 34823 5235 26 , , , 34823 5235 27 as as IN 34823 5235 28 the the DT 34823 5235 29 supply supply NN 34823 5235 30 in in IN 34823 5235 31 the the DT 34823 5235 32 arts art NNS 34823 5235 33 is be VBZ 34823 5235 34 increased increase VBN 34823 5235 35 . . . 34823 5236 1 The the DT 34823 5236 2 two two CD 34823 5236 3 curves curve NNS 34823 5236 4 do do VBP 34823 5236 5 not not RB 34823 5236 6 run run VB 34823 5236 7 in in IN 34823 5236 8 common common JJ 34823 5236 9 terms term NNS 34823 5236 10 . . . 34823 5237 1 But but CC 34823 5237 2 another another DT 34823 5237 3 and and CC 34823 5237 4 more more RBR 34823 5237 5 fundamental fundamental JJ 34823 5237 6 difficulty difficulty NN 34823 5237 7 . . . 34823 5238 1 In in IN 34823 5238 2 the the DT 34823 5238 3 case case NN 34823 5238 4 of of IN 34823 5238 5 wheat wheat NN 34823 5238 6 , , , 34823 5238 7 we -PRON- PRP 34823 5238 8 may may MD 34823 5238 9 construct construct VB 34823 5238 10 our -PRON- PRP$ 34823 5238 11 curve curve NN 34823 5238 12 free free JJ 34823 5238 13 from from IN 34823 5238 14 complications complication NNS 34823 5238 15 , , , 34823 5238 16 in in IN 34823 5238 17 idea idea NN 34823 5238 18 , , , 34823 5238 19 at at IN 34823 5238 20 least least JJS 34823 5238 21 . . . 34823 5239 1 On on IN 34823 5239 2 the the DT 34823 5239 3 base base NN 34823 5239 4 line line NN 34823 5239 5 , , , 34823 5239 6 we -PRON- PRP 34823 5239 7 lay lie VBD 34823 5239 8 out out RP 34823 5239 9 quantities quantity NNS 34823 5239 10 of of IN 34823 5239 11 wheat wheat NN 34823 5239 12 . . . 34823 5240 1 For for IN 34823 5240 2 each each DT 34823 5240 3 quantity quantity NN 34823 5240 4 of of IN 34823 5240 5 wheat wheat NN 34823 5240 6 , , , 34823 5240 7 we -PRON- PRP 34823 5240 8 erect erect VBP 34823 5240 9 an an DT 34823 5240 10 ordinate ordinate NN 34823 5240 11 , , , 34823 5240 12 a a DT 34823 5240 13 sum sum NN 34823 5240 14 of of IN 34823 5240 15 money money NN 34823 5240 16 , , , 34823 5240 17 or or CC 34823 5240 18 a a DT 34823 5240 19 number number NN 34823 5240 20 of of IN 34823 5240 21 abstract abstract JJ 34823 5240 22 units unit NNS 34823 5240 23 of of IN 34823 5240 24 value value NN 34823 5240 25 , , , 34823 5240 26 as as IN 34823 5240 27 the the DT 34823 5240 28 case case NN 34823 5240 29 may may MD 34823 5240 30 be be VB 34823 5240 31 . . . 34823 5241 1 Connecting connect VBG 34823 5241 2 these these DT 34823 5241 3 ordinates ordinate NNS 34823 5241 4 , , , 34823 5241 5 we -PRON- PRP 34823 5241 6 have have VBP 34823 5241 7 a a DT 34823 5241 8 curve curve NN 34823 5241 9 , , , 34823 5241 10 showing show VBG 34823 5241 11 how how WRB 34823 5241 12 the the DT 34823 5241 13 value value NN 34823 5241 14 ( ( -LRB- 34823 5241 15 or or CC 34823 5241 16 the the DT 34823 5241 17 money money NN 34823 5241 18 - - HYPH 34823 5241 19 price price NN 34823 5241 20 ) ) -RRB- 34823 5241 21 of of IN 34823 5241 22 wheat wheat NN 34823 5241 23 descends descend NNS 34823 5241 24 as as IN 34823 5241 25 the the DT 34823 5241 26 quantity quantity NN 34823 5241 27 of of IN 34823 5241 28 wheat wheat NN 34823 5241 29 increases increase NNS 34823 5241 30 . . . 34823 5242 1 Given give VBN 34823 5242 2 the the DT 34823 5242 3 shape shape NN 34823 5242 4 of of IN 34823 5242 5 the the DT 34823 5242 6 curve curve NN 34823 5242 7 , , , 34823 5242 8 and and CC 34823 5242 9 given give VBN 34823 5242 10 the the DT 34823 5242 11 number number NN 34823 5242 12 of of IN 34823 5242 13 bushels bushel NNS 34823 5242 14 of of IN 34823 5242 15 wheat wheat NN 34823 5242 16 , , , 34823 5242 17 the the DT 34823 5242 18 marginal marginal JJ 34823 5242 19 value value NN 34823 5242 20 of of IN 34823 5242 21 the the DT 34823 5242 22 wheat wheat NN 34823 5242 23 is be VBZ 34823 5242 24 given give VBN 34823 5242 25 . . . 34823 5243 1 In in IN 34823 5243 2 idea idea NN 34823 5243 3 , , , 34823 5243 4 at at IN 34823 5243 5 least least JJS 34823 5243 6 , , , 34823 5243 7 it -PRON- PRP 34823 5243 8 does do VBZ 34823 5243 9 not not RB 34823 5243 10 matter matter VB 34823 5243 11 , , , 34823 5243 12 for for IN 34823 5243 13 the the DT 34823 5243 14 shape shape NN 34823 5243 15 of of IN 34823 5243 16 the the DT 34823 5243 17 curve curve NN 34823 5243 18 , , , 34823 5243 19 whether whether IN 34823 5243 20 the the DT 34823 5243 21 amount amount NN 34823 5243 22 of of IN 34823 5243 23 the the DT 34823 5243 24 wheat wheat NN 34823 5243 25 is be VBZ 34823 5243 26 great great JJ 34823 5243 27 or or CC 34823 5243 28 small small JJ 34823 5243 29 , , , 34823 5243 30 whether whether IN 34823 5243 31 the the DT 34823 5243 32 marginal marginal JJ 34823 5243 33 value value NN 34823 5243 34 of of IN 34823 5243 35 the the DT 34823 5243 36 wheat wheat NN 34823 5243 37 is be VBZ 34823 5243 38 low low JJ 34823 5243 39 or or CC 34823 5243 40 high high JJ 34823 5243 41 . . . 34823 5244 1 If if IN 34823 5244 2 there there EX 34823 5244 3 are be VBP 34823 5244 4 ten ten CD 34823 5244 5 thousand thousand CD 34823 5244 6 bushels bushel NNS 34823 5244 7 only only RB 34823 5244 8 in in IN 34823 5244 9 the the DT 34823 5244 10 market market NN 34823 5244 11 , , , 34823 5244 12 wheat wheat NN 34823 5244 13 will will MD 34823 5244 14 be be VB 34823 5244 15 worth worth JJ 34823 5244 16 $ $ $ 34823 5244 17 5 5 CD 34823 5244 18 per per IN 34823 5244 19 bushel bushel NN 34823 5244 20 . . . 34823 5245 1 With with IN 34823 5245 2 100,000 100,000 CD 34823 5245 3 bushels bushel NNS 34823 5245 4 , , , 34823 5245 5 it -PRON- PRP 34823 5245 6 is be VBZ 34823 5245 7 worth worth JJ 34823 5245 8 40c 40c NNS 34823 5245 9 . . . 34823 5246 1 The the DT 34823 5246 2 fact fact NN 34823 5246 3 that that IN 34823 5246 4 there there EX 34823 5246 5 are be VBP 34823 5246 6 100,000 100,000 CD 34823 5246 7 bushels bushel NNS 34823 5246 8 does do VBZ 34823 5246 9 not not RB 34823 5246 10 lessen lessen VB 34823 5246 11 the the DT 34823 5246 12 magnitudes magnitude NNS 34823 5246 13 on on IN 34823 5246 14 the the DT 34823 5246 15 higher high JJR 34823 5246 16 portions portion NNS 34823 5246 17 of of IN 34823 5246 18 the the DT 34823 5246 19 curve curve NN 34823 5246 20 . . . 34823 5247 1 The the DT 34823 5247 2 nature nature NN 34823 5247 3 of of IN 34823 5247 4 the the DT 34823 5247 5 services service NNS 34823 5247 6 which which WDT 34823 5247 7 wheat wheat NN 34823 5247 8 performs perform VBZ 34823 5247 9 is be VBZ 34823 5247 10 not not RB 34823 5247 11 affected affect VBN 34823 5247 12 by by IN 34823 5247 13 its -PRON- PRP$ 34823 5247 14 value value NN 34823 5247 15 . . . 34823 5248 1 This this DT 34823 5248 2 is be VBZ 34823 5248 3 _ _ NNP 34823 5248 4 not not RB 34823 5248 5 true true JJ 34823 5248 6 of of IN 34823 5248 7 gold gold NN 34823 5248 8 _ _ NNP 34823 5248 9 , , , 34823 5248 10 either either CC 34823 5248 11 in in IN 34823 5248 12 the the DT 34823 5248 13 arts art NNS 34823 5248 14 or or CC 34823 5248 15 as as IN 34823 5248 16 money money NN 34823 5248 17 . . . 34823 5249 1 In in IN 34823 5249 2 the the DT 34823 5249 3 arts art NNS 34823 5249 4 , , , 34823 5249 5 I -PRON- PRP 34823 5249 6 have have VBP 34823 5249 7 already already RB 34823 5249 8 shown show VBN 34823 5249 9 that that IN 34823 5249 10 one one CD 34823 5249 11 function function NN 34823 5249 12 of of IN 34823 5249 13 gold gold NN 34823 5249 14 is be VBZ 34823 5249 15 as as IN 34823 5249 16 a a DT 34823 5249 17 means means NN 34823 5249 18 of of IN 34823 5249 19 conspicuously conspicuously RB 34823 5249 20 displaying display VBG 34823 5249 21 wealth wealth NN 34823 5249 22 . . . 34823 5250 1 Gold gold NN 34823 5250 2 is be VBZ 34823 5250 3 like like IN 34823 5250 4 diamonds diamond NNS 34823 5250 5 in in IN 34823 5250 6 this this DT 34823 5250 7 . . . 34823 5251 1 _ _ NNP 34823 5251 2 Because because IN 34823 5251 3 gold gold NN 34823 5251 4 is be VBZ 34823 5251 5 a a DT 34823 5251 6 valuable valuable JJ 34823 5251 7 _ _ NNP 34823 5251 8 , , , 34823 5251 9 it -PRON- PRP 34823 5251 10 gets get VBZ 34823 5251 11 an an DT 34823 5251 12 additional additional JJ 34823 5251 13 valuable valuable JJ 34823 5251 14 service service NN 34823 5251 15 . . . 34823 5252 1 This this DT 34823 5252 2 additional additional JJ 34823 5252 3 valuable valuable JJ 34823 5252 4 service service NN 34823 5252 5 enhances enhance VBZ 34823 5252 6 its -PRON- PRP$ 34823 5252 7 value value NN 34823 5252 8 . . . 34823 5253 1 The the DT 34823 5253 2 thing thing NN 34823 5253 3 is be VBZ 34823 5253 4 checked check VBN 34823 5253 5 , , , 34823 5253 6 however however RB 34823 5253 7 , , , 34823 5253 8 before before IN 34823 5253 9 an an DT 34823 5253 10 endless endless JJ 34823 5253 11 circle circle NN 34823 5253 12 is be VBZ 34823 5253 13 created create VBN 34823 5253 14 , , , 34823 5253 15 by by IN 34823 5253 16 the the DT 34823 5253 17 fact fact NN 34823 5253 18 that that IN 34823 5253 19 as as IN 34823 5253 20 gold gold NN 34823 5253 21 rises rise VBZ 34823 5253 22 in in IN 34823 5253 23 value value NN 34823 5253 24 a a DT 34823 5253 25 smaller small JJR 34823 5253 26 amount amount NN 34823 5253 27 of of IN 34823 5253 28 gold gold NN 34823 5253 29 will will MD 34823 5253 30 display display VB 34823 5253 31 a a DT 34823 5253 32 given give VBN 34823 5253 33 amount amount NN 34823 5253 34 of of IN 34823 5253 35 wealth wealth NN 34823 5253 36 . . . 34823 5254 1 The the DT 34823 5254 2 value value NN 34823 5254 3 - - HYPH 34823 5254 4 curve curve NN 34823 5254 5 for for IN 34823 5254 6 gold gold NN 34823 5254 7 in in IN 34823 5254 8 the the DT 34823 5254 9 arts art NNS 34823 5254 10 , , , 34823 5254 11 therefore therefore RB 34823 5254 12 , , , 34823 5254 13 is be VBZ 34823 5254 14 not not RB 34823 5254 15 a a DT 34823 5254 16 simple simple JJ 34823 5254 17 thing thing NN 34823 5254 18 like like IN 34823 5254 19 the the DT 34823 5254 20 curve curve NN 34823 5254 21 for for IN 34823 5254 22 wheat wheat NN 34823 5254 23 . . . 34823 5255 1 It -PRON- PRP 34823 5255 2 turns turn VBZ 34823 5255 3 upon upon IN 34823 5255 4 itself -PRON- PRP 34823 5255 5 , , , 34823 5255 6 in in IN 34823 5255 7 ways way NNS 34823 5255 8 that that WDT 34823 5255 9 I -PRON- PRP 34823 5255 10 see see VBP 34823 5255 11 no no DT 34823 5255 12 graphic graphic JJ 34823 5255 13 device device NN 34823 5255 14 for for IN 34823 5255 15 presenting present VBG 34823 5255 16 . . . 34823 5256 1 This this DT 34823 5256 2 is be VBZ 34823 5256 3 even even RB 34823 5256 4 truer true JJR 34823 5256 5 for for IN 34823 5256 6 money money NN 34823 5256 7 . . . 34823 5257 1 Men man NNS 34823 5257 2 wish wish VBP 34823 5257 3 to to TO 34823 5257 4 have have VB 34823 5257 5 , , , 34823 5257 6 when when WRB 34823 5257 7 they -PRON- PRP 34823 5257 8 seek seek VBP 34823 5257 9 money money NN 34823 5257 10 , , , 34823 5257 11 a a DT 34823 5257 12 quantum quantum NN 34823 5257 13 of of IN 34823 5257 14 _ _ NNP 34823 5257 15 value value NN 34823 5257 16 _ _ NNP 34823 5257 17 in in IN 34823 5257 18 highly highly RB 34823 5257 19 saleable saleable JJ 34823 5257 20 form form NN 34823 5257 21 . . . 34823 5258 1 [ [ -LRB- 34823 5258 2 502 502 CD 34823 5258 3 ] ] -RRB- 34823 5258 4 The the DT 34823 5258 5 curve curve NN 34823 5258 6 for for IN 34823 5258 7 the the DT 34823 5258 8 value value NN 34823 5258 9 of of IN 34823 5258 10 the the DT 34823 5258 11 services service NNS 34823 5258 12 of of IN 34823 5258 13 money money NN 34823 5258 14 presupposes presuppose VBZ 34823 5258 15 a a DT 34823 5258 16 fixed fix VBN 34823 5258 17 capital capital NN 34823 5258 18 value value NN 34823 5258 19 of of IN 34823 5258 20 money money NN 34823 5258 21 . . . 34823 5259 1 It -PRON- PRP 34823 5259 2 is be VBZ 34823 5259 3 the the DT 34823 5259 4 capital capital NN 34823 5259 5 value value NN 34823 5259 6 of of IN 34823 5259 7 money money NN 34823 5259 8 which which WDT 34823 5259 9 does do VBZ 34823 5259 10 the the DT 34823 5259 11 money money NN 34823 5259 12 work work VB 34823 5259 13 . . . 34823 5260 1 Given give VBN 34823 5260 2 a a DT 34823 5260 3 value value NN 34823 5260 4 of of IN 34823 5260 5 money money NN 34823 5260 6 , , , 34823 5260 7 and and CC 34823 5260 8 given give VBN 34823 5260 9 the the DT 34823 5260 10 values value NNS 34823 5260 11 of of IN 34823 5260 12 goods good NNS 34823 5260 13 , , , 34823 5260 14 we -PRON- PRP 34823 5260 15 may may MD 34823 5260 16 see see VB 34823 5260 17 how how WRB 34823 5260 18 much much JJ 34823 5260 19 money money NN 34823 5260 20 is be VBZ 34823 5260 21 required require VBN 34823 5260 22 to to TO 34823 5260 23 effect effect VB 34823 5260 24 a a DT 34823 5260 25 given give VBN 34823 5260 26 exchange exchange NN 34823 5260 27 or or CC 34823 5260 28 perform perform VB 34823 5260 29 some some DT 34823 5260 30 other other JJ 34823 5260 31 money money NN 34823 5260 32 service service NN 34823 5260 33 . . . 34823 5261 1 Then then RB 34823 5261 2 , , , 34823 5261 3 knowing know VBG 34823 5261 4 how how WRB 34823 5261 5 much much JJ 34823 5261 6 value value NN 34823 5261 7 will will MD 34823 5261 8 be be VB 34823 5261 9 created create VBN 34823 5261 10 by by IN 34823 5261 11 each each DT 34823 5261 12 exchange exchange NN 34823 5261 13 , , , 34823 5261 14 or or CC 34823 5261 15 other other JJ 34823 5261 16 money money NN 34823 5261 17 service service NN 34823 5261 18 , , , 34823 5261 19 we -PRON- PRP 34823 5261 20 may may MD 34823 5261 21 arrange arrange VB 34823 5261 22 the the DT 34823 5261 23 services service NNS 34823 5261 24 in in IN 34823 5261 25 a a DT 34823 5261 26 series series NN 34823 5261 27 , , , 34823 5261 28 a a DT 34823 5261 29 scale scale NN 34823 5261 30 of of IN 34823 5261 31 descending descend VBG 34823 5261 32 importance importance NN 34823 5261 33 , , , 34823 5261 34 and and CC 34823 5261 35 get get VB 34823 5261 36 a a DT 34823 5261 37 curve curve NN 34823 5261 38 . . . 34823 5262 1 This this DT 34823 5262 2 curve curve NN 34823 5262 3 is be VBZ 34823 5262 4 , , , 34823 5262 5 in in IN 34823 5262 6 fact fact NN 34823 5262 7 , , , 34823 5262 8 the the DT 34823 5262 9 curve curve NN 34823 5262 10 which which WDT 34823 5262 11 presents present VBZ 34823 5262 12 itself -PRON- PRP 34823 5262 13 in in IN 34823 5262 14 the the DT 34823 5262 15 money money NN 34823 5262 16 market market NN 34823 5262 17 . . . 34823 5263 1 There there RB 34823 5263 2 we -PRON- PRP 34823 5263 3 find find VBP 34823 5263 4 a a DT 34823 5263 5 curve curve NN 34823 5263 6 , , , 34823 5263 7 running run VBG 34823 5263 8 in in IN 34823 5263 9 terms term NNS 34823 5263 10 of of IN 34823 5263 11 money money NN 34823 5263 12 itself -PRON- PRP 34823 5263 13 , , , 34823 5263 14 so so RB 34823 5263 15 much much JJ 34823 5263 16 money money NN 34823 5263 17 for for IN 34823 5263 18 the the DT 34823 5263 19 use use NN 34823 5263 20 of of IN 34823 5263 21 money money NN 34823 5263 22 for for IN 34823 5263 23 such such PDT 34823 5263 24 a a DT 34823 5263 25 length length NN 34823 5263 26 of of IN 34823 5263 27 time time NN 34823 5263 28 . . . 34823 5264 1 But but CC 34823 5264 2 this this DT 34823 5264 3 is be VBZ 34823 5264 4 a a DT 34823 5264 5 curve curve NN 34823 5264 6 of of IN 34823 5264 7 demand demand NN 34823 5264 8 for for IN 34823 5264 9 money money NN 34823 5264 10 funds fund NNS 34823 5264 11 , , , 34823 5264 12 rather rather RB 34823 5264 13 than than IN 34823 5264 14 for for IN 34823 5264 15 gold gold NN 34823 5264 16 as as IN 34823 5264 17 such such JJ 34823 5264 18 . . . 34823 5265 1 The the DT 34823 5265 2 " " `` 34823 5265 3 supply supply NN 34823 5265 4 " " '' 34823 5265 5 that that WDT 34823 5265 6 corresponds correspond VBZ 34823 5265 7 to to IN 34823 5265 8 this this DT 34823 5265 9 " " `` 34823 5265 10 demand demand NN 34823 5265 11 " " '' 34823 5265 12 is be VBZ 34823 5265 13 , , , 34823 5265 14 not not RB 34823 5265 15 gold gold NN 34823 5265 16 , , , 34823 5265 17 but but CC 34823 5265 18 all all DT 34823 5265 19 manner manner NN 34823 5265 20 of of IN 34823 5265 21 credit credit NN 34823 5265 22 instruments instrument NNS 34823 5265 23 , , , 34823 5265 24 chiefly chiefly RB 34823 5265 25 bank bank NN 34823 5265 26 - - HYPH 34823 5265 27 deposits deposit NNS 34823 5265 28 , , , 34823 5265 29 expressed express VBN 34823 5265 30 in in IN 34823 5265 31 terms term NNS 34823 5265 32 of of IN 34823 5265 33 gold gold NN 34823 5265 34 . . . 34823 5266 1 Such such PDT 34823 5266 2 a a DT 34823 5266 3 curve curve NN 34823 5266 4 is be VBZ 34823 5266 5 clearly clearly RB 34823 5266 6 not not RB 34823 5266 7 to to TO 34823 5266 8 be be VB 34823 5266 9 put put VBN 34823 5266 10 into into IN 34823 5266 11 equilibrium equilibrium NN 34823 5266 12 with with IN 34823 5266 13 the the DT 34823 5266 14 value value NN 34823 5266 15 - - HYPH 34823 5266 16 curve curve NN 34823 5266 17 for for IN 34823 5266 18 gold gold NN 34823 5266 19 in in IN 34823 5266 20 the the DT 34823 5266 21 arts art NNS 34823 5266 22 , , , 34823 5266 23 ( ( -LRB- 34823 5266 24 1 1 LS 34823 5266 25 ) ) -RRB- 34823 5266 26 because because IN 34823 5266 27 it -PRON- PRP 34823 5266 28 assumes assume VBZ 34823 5266 29 a a DT 34823 5266 30 fixed fix VBN 34823 5266 31 value value NN 34823 5266 32 for for IN 34823 5266 33 money money NN 34823 5266 34 ( ( -LRB- 34823 5266 35 2 2 CD 34823 5266 36 ) ) -RRB- 34823 5266 37 because because IN 34823 5266 38 it -PRON- PRP 34823 5266 39 is be VBZ 34823 5266 40 concerned concern VBN 34823 5266 41 with with IN 34823 5266 42 temporary temporary JJ 34823 5266 43 rentals rental NNS 34823 5266 44 , , , 34823 5266 45 and and CC 34823 5266 46 not not RB 34823 5266 47 capital capital JJ 34823 5266 48 values value NNS 34823 5266 49 , , , 34823 5266 50 and and CC 34823 5266 51 ( ( -LRB- 34823 5266 52 3 3 LS 34823 5266 53 ) ) -RRB- 34823 5266 54 because because IN 34823 5266 55 the the DT 34823 5266 56 demand demand NN 34823 5266 57 it -PRON- PRP 34823 5266 58 expresses express VBZ 34823 5266 59 is be VBZ 34823 5266 60 not not RB 34823 5266 61 for for IN 34823 5266 62 the the DT 34823 5266 63 use use NN 34823 5266 64 of of IN 34823 5266 65 gold gold NN 34823 5266 66 alone alone RB 34823 5266 67 . . . 34823 5267 1 We -PRON- PRP 34823 5267 2 may may MD 34823 5267 3 get get VB 34823 5267 4 some some DT 34823 5267 5 aid aid NN 34823 5267 6 in in IN 34823 5267 7 reducing reduce VBG 34823 5267 8 these these DT 34823 5267 9 complexities complexity NNS 34823 5267 10 to to IN 34823 5267 11 familiar familiar JJ 34823 5267 12 terms term NNS 34823 5267 13 if if IN 34823 5267 14 we -PRON- PRP 34823 5267 15 employ employ VBP 34823 5267 16 the the DT 34823 5267 17 device device NN 34823 5267 18 of of IN 34823 5267 19 assuming assume VBG 34823 5267 20 an an DT 34823 5267 21 equilibrium equilibrium NN 34823 5267 22 between between IN 34823 5267 23 gold gold NN 34823 5267 24 in in IN 34823 5267 25 money money NN 34823 5267 26 and and CC 34823 5267 27 gold gold NN 34823 5267 28 in in IN 34823 5267 29 the the DT 34823 5267 30 arts art NNS 34823 5267 31 , , , 34823 5267 32 without without IN 34823 5267 33 trying try VBG 34823 5267 34 to to TO 34823 5267 35 explain explain VB 34823 5267 36 in in IN 34823 5267 37 quantitative quantitative JJ 34823 5267 38 terms term NNS 34823 5267 39 how how WRB 34823 5267 40 that that IN 34823 5267 41 equilibrium equilibrium NN 34823 5267 42 is be VBZ 34823 5267 43 arrived arrive VBN 34823 5267 44 at at IN 34823 5267 45 , , , 34823 5267 46 and and CC 34823 5267 47 then then RB 34823 5267 48 see see VB 34823 5267 49 what what WDT 34823 5267 50 causes cause NNS 34823 5267 51 will will MD 34823 5267 52 lead lead VB 34823 5267 53 that that DT 34823 5267 54 equilibrium equilibrium NN 34823 5267 55 to to TO 34823 5267 56 shift shift VB 34823 5267 57 . . . 34823 5268 1 In in IN 34823 5268 2 getting get VBG 34823 5268 3 the the DT 34823 5268 4 laws law NNS 34823 5268 5 of of IN 34823 5268 6 _ _ NNP 34823 5268 7 change change NN 34823 5268 8 _ _ NNP 34823 5268 9 , , , 34823 5268 10 we -PRON- PRP 34823 5268 11 may may MD 34823 5268 12 get get VB 34823 5268 13 closer close JJR 34823 5268 14 to to IN 34823 5268 15 the the DT 34823 5268 16 causes cause NNS 34823 5268 17 of of IN 34823 5268 18 the the DT 34823 5268 19 phenomenon phenomenon NN 34823 5268 20 itself -PRON- PRP 34823 5268 21 . . . 34823 5269 1 The the DT 34823 5269 2 effort effort NN 34823 5269 3 to to TO 34823 5269 4 reduce reduce VB 34823 5269 5 the the DT 34823 5269 6 thing thing NN 34823 5269 7 to to TO 34823 5269 8 precise precise VB 34823 5269 9 mathematical mathematical JJ 34823 5269 10 form form NN 34823 5269 11 requires require VBZ 34823 5269 12 a a DT 34823 5269 13 degree degree NN 34823 5269 14 of of IN 34823 5269 15 simplification simplification NN 34823 5269 16 which which WDT 34823 5269 17 seems seem VBZ 34823 5269 18 to to IN 34823 5269 19 me -PRON- PRP 34823 5269 20 likely likely JJ 34823 5269 21 to to TO 34823 5269 22 rob rob VB 34823 5269 23 an an DT 34823 5269 24 answer answer NN 34823 5269 25 of of IN 34823 5269 26 much much JJ 34823 5269 27 significance significance NN 34823 5269 28 . . . 34823 5270 1 Assuming assume VBG 34823 5270 2 that that IN 34823 5270 3 the the DT 34823 5270 4 equilibrium equilibrium NN 34823 5270 5 is be VBZ 34823 5270 6 reached reach VBN 34823 5270 7 , , , 34823 5270 8 we -PRON- PRP 34823 5270 9 may may MD 34823 5270 10 see see VB 34823 5270 11 what what WP 34823 5270 12 factors factor NNS 34823 5270 13 would would MD 34823 5270 14 tend tend VB 34823 5270 15 to to TO 34823 5270 16 cause cause VB 34823 5270 17 gold gold NN 34823 5270 18 to to TO 34823 5270 19 go go VB 34823 5270 20 into into IN 34823 5270 21 the the DT 34823 5270 22 money money NN 34823 5270 23 - - HYPH 34823 5270 24 use use NN 34823 5270 25 , , , 34823 5270 26 and and CC 34823 5270 27 what what WDT 34823 5270 28 factors factor NNS 34823 5270 29 would would MD 34823 5270 30 tend tend VB 34823 5270 31 to to TO 34823 5270 32 draw draw VB 34823 5270 33 gold gold NN 34823 5270 34 into into IN 34823 5270 35 the the DT 34823 5270 36 arts art NNS 34823 5270 37 use use NN 34823 5270 38 . . . 34823 5271 1 We -PRON- PRP 34823 5271 2 may may MD 34823 5271 3 also also RB 34823 5271 4 see see VB 34823 5271 5 how how WRB 34823 5271 6 these these DT 34823 5271 7 changes change NNS 34823 5271 8 from from IN 34823 5271 9 one one CD 34823 5271 10 side side NN 34823 5271 11 or or CC 34823 5271 12 the the DT 34823 5271 13 other other JJ 34823 5271 14 would would MD 34823 5271 15 modify modify VB 34823 5271 16 the the DT 34823 5271 17 value value NN 34823 5271 18 of of IN 34823 5271 19 gold gold NN 34823 5271 20 . . . 34823 5272 1 Assume assume VB 34823 5272 2 that that IN 34823 5272 3 a a DT 34823 5272 4 manufacturing manufacturing NN 34823 5272 5 jeweler jeweler NN 34823 5272 6 has have VBZ 34823 5272 7 extra extra JJ 34823 5272 8 demand demand NN 34823 5272 9 for for IN 34823 5272 10 his -PRON- PRP$ 34823 5272 11 products product NNS 34823 5272 12 . . . 34823 5273 1 His -PRON- PRP$ 34823 5273 2 products product NNS 34823 5273 3 , , , 34823 5273 4 of of IN 34823 5273 5 course course NN 34823 5273 6 , , , 34823 5273 7 are be VBP 34823 5273 8 composites composite NNS 34823 5273 9 of of IN 34823 5273 10 gold gold NN 34823 5273 11 , , , 34823 5273 12 labor labor NN 34823 5273 13 , , , 34823 5273 14 and and CC 34823 5273 15 other other JJ 34823 5273 16 raw raw JJ 34823 5273 17 materials material NNS 34823 5273 18 , , , 34823 5273 19 etc etc FW 34823 5273 20 . . FW 34823 5273 21 , , , 34823 5273 22 but but CC 34823 5273 23 part part NN 34823 5273 24 of of IN 34823 5273 25 the the DT 34823 5273 26 extra extra JJ 34823 5273 27 value value NN 34823 5273 28 that that WDT 34823 5273 29 comes come VBZ 34823 5273 30 to to IN 34823 5273 31 his -PRON- PRP$ 34823 5273 32 products product NNS 34823 5273 33 attaches attach VBZ 34823 5273 34 itself -PRON- PRP 34823 5273 35 to to IN 34823 5273 36 the the DT 34823 5273 37 gold gold NN 34823 5273 38 that that WDT 34823 5273 39 is be VBZ 34823 5273 40 in in IN 34823 5273 41 them -PRON- PRP 34823 5273 42 . . . 34823 5274 1 He -PRON- PRP 34823 5274 2 now now RB 34823 5274 3 has have VBZ 34823 5274 4 an an DT 34823 5274 5 incentive incentive NN 34823 5274 6 , , , 34823 5274 7 which which WDT 34823 5274 8 was be VBD 34823 5274 9 lacking lack VBG 34823 5274 10 before before RB 34823 5274 11 , , , 34823 5274 12 to to TO 34823 5274 13 melt melt VB 34823 5274 14 down down RP 34823 5274 15 full full JJ 34823 5274 16 weight weight NN 34823 5274 17 gold gold NN 34823 5274 18 coin coin NN 34823 5274 19 in in IN 34823 5274 20 his -PRON- PRP$ 34823 5274 21 possession possession NN 34823 5274 22 , , , 34823 5274 23 or or CC 34823 5274 24 to to TO 34823 5274 25 buy buy VB 34823 5274 26 gold gold NN 34823 5274 27 bars bar NNS 34823 5274 28 which which WDT 34823 5274 29 might may MD 34823 5274 30 otherwise otherwise RB 34823 5274 31 have have VB 34823 5274 32 been be VBN 34823 5274 33 coined coin VBN 34823 5274 34 . . . 34823 5275 1 To to TO 34823 5275 2 buy buy VB 34823 5275 3 the the DT 34823 5275 4 gold gold NN 34823 5275 5 bars bar NNS 34823 5275 6 , , , 34823 5275 7 however however RB 34823 5275 8 , , , 34823 5275 9 probably probably RB 34823 5275 10 means mean VBZ 34823 5275 11 that that IN 34823 5275 12 he -PRON- PRP 34823 5275 13 must must MD 34823 5275 14 have have VB 34823 5275 15 accommodation accommodation NN 34823 5275 16 at at IN 34823 5275 17 the the DT 34823 5275 18 bank bank NN 34823 5275 19 . . . 34823 5276 1 He -PRON- PRP 34823 5276 2 borrows borrow VBZ 34823 5276 3 from from IN 34823 5276 4 the the DT 34823 5276 5 bank bank NN 34823 5276 6 the the DT 34823 5276 7 amount amount NN 34823 5276 8 he -PRON- PRP 34823 5276 9 needs need VBZ 34823 5276 10 , , , 34823 5276 11 giving give VBG 34823 5276 12 a a DT 34823 5276 13 short short JJ 34823 5276 14 - - HYPH 34823 5276 15 time time NN 34823 5276 16 note note NN 34823 5276 17 , , , 34823 5276 18 since since IN 34823 5276 19 he -PRON- PRP 34823 5276 20 expects expect VBZ 34823 5276 21 to to TO 34823 5276 22 make make VB 34823 5276 23 up up RP 34823 5276 24 his -PRON- PRP$ 34823 5276 25 gold gold NN 34823 5276 26 and and CC 34823 5276 27 market market VB 34823 5276 28 it -PRON- PRP 34823 5276 29 in in IN 34823 5276 30 a a DT 34823 5276 31 fairly fairly RB 34823 5276 32 short short JJ 34823 5276 33 time time NN 34823 5276 34 . . . 34823 5277 1 The the DT 34823 5277 2 paper paper NN 34823 5277 3 of of IN 34823 5277 4 manufacturers manufacturer NNS 34823 5277 5 of of IN 34823 5277 6 gold gold NN 34823 5277 7 will will MD 34823 5277 8 commonly commonly RB 34823 5277 9 stand stand VB 34823 5277 10 well well RB 34823 5277 11 in in IN 34823 5277 12 the the DT 34823 5277 13 " " `` 34823 5277 14 money money NN 34823 5277 15 market market NN 34823 5277 16 , , , 34823 5277 17 " " '' 34823 5277 18 and and CC 34823 5277 19 this this DT 34823 5277 20 is be VBZ 34823 5277 21 especially especially RB 34823 5277 22 true true JJ 34823 5277 23 of of IN 34823 5277 24 those those DT 34823 5277 25 in in IN 34823 5277 26 whose whose WP$ 34823 5277 27 hands hand NNS 34823 5277 28 the the DT 34823 5277 29 gold gold NN 34823 5277 30 is be VBZ 34823 5277 31 not not RB 34823 5277 32 worked work VBN 34823 5277 33 up up RP 34823 5277 34 into into IN 34823 5277 35 such such JJ 34823 5277 36 specialized specialized JJ 34823 5277 37 forms form NNS 34823 5277 38 that that IN 34823 5277 39 the the DT 34823 5277 40 value value NN 34823 5277 41 of of IN 34823 5277 42 the the DT 34823 5277 43 bullion bullion NN 34823 5277 44 is be VBZ 34823 5277 45 a a DT 34823 5277 46 minor minor JJ 34823 5277 47 matter matter NN 34823 5277 48 . . . 34823 5278 1 ( ( -LRB- 34823 5278 2 I -PRON- PRP 34823 5278 3 find find VBP 34823 5278 4 it -PRON- PRP 34823 5278 5 necessary necessary JJ 34823 5278 6 to to TO 34823 5278 7 refer refer VB 34823 5278 8 frequently frequently RB 34823 5278 9 to to IN 34823 5278 10 the the DT 34823 5278 11 money money NN 34823 5278 12 market market NN 34823 5278 13 , , , 34823 5278 14 though though IN 34823 5278 15 a a DT 34823 5278 16 full full JJ 34823 5278 17 analysis analysis NN 34823 5278 18 of of IN 34823 5278 19 money money NN 34823 5278 20 - - HYPH 34823 5278 21 market market NN 34823 5278 22 phenomena phenomenon NNS 34823 5278 23 can can MD 34823 5278 24 not not RB 34823 5278 25 come come VB 34823 5278 26 till till IN 34823 5278 27 after after IN 34823 5278 28 our -PRON- PRP$ 34823 5278 29 discussion discussion NN 34823 5278 30 of of IN 34823 5278 31 credit credit NN 34823 5278 32 . . . 34823 5278 33 ) ) -RRB- 34823 5279 1 If if IN 34823 5279 2 he -PRON- PRP 34823 5279 3 must must MD 34823 5279 4 borrow borrow VB 34823 5279 5 to to TO 34823 5279 6 get get VB 34823 5279 7 the the DT 34823 5279 8 gold gold NN 34823 5279 9 , , , 34823 5279 10 _ _ NNP 34823 5279 11 then then RB 34823 5279 12 the the DT 34823 5279 13 money money NN 34823 5279 14 - - HYPH 34823 5279 15 rates rate NNS 34823 5279 16 will will MD 34823 5279 17 come come VB 34823 5279 18 into into IN 34823 5279 19 comparison comparison NN 34823 5279 20 with with IN 34823 5279 21 the the DT 34823 5279 22 profits profit NNS 34823 5279 23 he -PRON- PRP 34823 5279 24 expects expect VBZ 34823 5279 25 to to TO 34823 5279 26 make make VB 34823 5279 27 from from IN 34823 5279 28 working work VBG 34823 5279 29 up up RP 34823 5279 30 the the DT 34823 5279 31 gold gold NN 34823 5279 32 _ _ NNP 34823 5279 33 . . . 34823 5280 1 This this DT 34823 5280 2 will will MD 34823 5280 3 usually usually RB 34823 5280 4 be be VB 34823 5280 5 true true JJ 34823 5280 6 even even RB 34823 5280 7 if if IN 34823 5280 8 he -PRON- PRP 34823 5280 9 melts melt VBZ 34823 5280 10 down down RP 34823 5280 11 gold gold NN 34823 5280 12 coin coin NN 34823 5280 13 already already RB 34823 5280 14 in in IN 34823 5280 15 his -PRON- PRP$ 34823 5280 16 possession possession NN 34823 5280 17 . . . 34823 5281 1 He -PRON- PRP 34823 5281 2 might may MD 34823 5281 3 deposit deposit VB 34823 5281 4 that that DT 34823 5281 5 gold gold NN 34823 5281 6 , , , 34823 5281 7 and and CC 34823 5281 8 so so RB 34823 5281 9 reduce reduce VB 34823 5281 10 his -PRON- PRP$ 34823 5281 11 expenses expense NNS 34823 5281 12 at at IN 34823 5281 13 the the DT 34823 5281 14 bank bank NN 34823 5281 15 , , , 34823 5281 16 either either CC 34823 5281 17 buying buy VBG 34823 5281 18 back back RP 34823 5281 19 his -PRON- PRP$ 34823 5281 20 own own JJ 34823 5281 21 discounted discounted JJ 34823 5281 22 paper paper NN 34823 5281 23 , , , 34823 5281 24 or or CC 34823 5281 25 getting get VBG 34823 5281 26 interest interest NN 34823 5281 27 on on IN 34823 5281 28 daily daily JJ 34823 5281 29 checking checking NN 34823 5281 30 account account NN 34823 5281 31 . . . 34823 5282 1 If if IN 34823 5282 2 he -PRON- PRP 34823 5282 3 has have VBZ 34823 5282 4 to to TO 34823 5282 5 borrow borrow VB 34823 5282 6 to to TO 34823 5282 7 get get VB 34823 5282 8 the the DT 34823 5282 9 gold gold NN 34823 5282 10 , , , 34823 5282 11 he -PRON- PRP 34823 5282 12 may may MD 34823 5282 13 get get VB 34823 5282 14 it -PRON- PRP 34823 5282 15 either either RB 34823 5282 16 by by IN 34823 5282 17 drawing draw VBG 34823 5282 18 gold gold NN 34823 5282 19 from from IN 34823 5282 20 the the DT 34823 5282 21 bank bank NN 34823 5282 22 directly directly RB 34823 5282 23 , , , 34823 5282 24 or or CC 34823 5282 25 by by IN 34823 5282 26 giving give VBG 34823 5282 27 a a DT 34823 5282 28 check check NN 34823 5282 29 on on IN 34823 5282 30 the the DT 34823 5282 31 bank bank NN 34823 5282 32 to to IN 34823 5282 33 a a DT 34823 5282 34 bullion bullion NN 34823 5282 35 dealer dealer NN 34823 5282 36 , , , 34823 5282 37 which which WDT 34823 5282 38 may may MD 34823 5282 39 ultimately ultimately RB 34823 5282 40 lead lead VB 34823 5282 41 to to IN 34823 5282 42 a a DT 34823 5282 43 diminution diminution NN 34823 5282 44 in in IN 34823 5282 45 the the DT 34823 5282 46 bank bank NN 34823 5282 47 's 's POS 34823 5282 48 supply supply NN 34823 5282 49 of of IN 34823 5282 50 gold gold NN 34823 5282 51 . . . 34823 5283 1 However however RB 34823 5283 2 he -PRON- PRP 34823 5283 3 gets get VBZ 34823 5283 4 the the DT 34823 5283 5 gold gold NN 34823 5283 6 , , , 34823 5283 7 there there EX 34823 5283 8 is be VBZ 34823 5283 9 bound bind VBN 34823 5283 10 to to TO 34823 5283 11 be be VB 34823 5283 12 some some DT 34823 5283 13 reaction reaction NN 34823 5283 14 , , , 34823 5283 15 ( ( -LRB- 34823 5283 16 1 1 LS 34823 5283 17 ) ) -RRB- 34823 5283 18 on on IN 34823 5283 19 the the DT 34823 5283 20 bank bank NN 34823 5283 21 's 's POS 34823 5283 22 supply supply NN 34823 5283 23 of of IN 34823 5283 24 gold gold NN 34823 5283 25 , , , 34823 5283 26 ( ( -LRB- 34823 5283 27 2 2 LS 34823 5283 28 ) ) -RRB- 34823 5283 29 on on IN 34823 5283 30 the the DT 34823 5283 31 supply supply NN 34823 5283 32 of of IN 34823 5283 33 loanable loanable JJ 34823 5283 34 funds fund NNS 34823 5283 35 in in IN 34823 5283 36 the the DT 34823 5283 37 money money NN 34823 5283 38 market market NN 34823 5283 39 , , , 34823 5283 40 and and CC 34823 5283 41 hence hence RB 34823 5283 42 ( ( -LRB- 34823 5283 43 3 3 CD 34823 5283 44 ) ) -RRB- 34823 5283 45 on on IN 34823 5283 46 the the DT 34823 5283 47 money money NN 34823 5283 48 - - HYPH 34823 5283 49 rates rate NNS 34823 5283 50 themselves -PRON- PRP 34823 5283 51 . . . 34823 5284 1 If if IN 34823 5284 2 he -PRON- PRP 34823 5284 3 borrows borrow VBZ 34823 5284 4 from from IN 34823 5284 5 the the DT 34823 5284 6 money money NN 34823 5284 7 market market NN 34823 5284 8 , , , 34823 5284 9 he -PRON- PRP 34823 5284 10 affects affect VBZ 34823 5284 11 the the DT 34823 5284 12 money money NN 34823 5284 13 - - HYPH 34823 5284 14 rates rate NNS 34823 5284 15 directly directly RB 34823 5284 16 ( ( -LRB- 34823 5284 17 even even RB 34823 5284 18 though though IN 34823 5284 19 probably probably RB 34823 5284 20 , , , 34823 5284 21 in in IN 34823 5284 22 a a DT 34823 5284 23 given give VBN 34823 5284 24 case case NN 34823 5284 25 , , , 34823 5284 26 not not RB 34823 5284 27 noticeably noticeably RB 34823 5284 28 ) ) -RRB- 34823 5284 29 ; ; : 34823 5284 30 if if IN 34823 5284 31 he -PRON- PRP 34823 5284 32 melts melt VBZ 34823 5284 33 down down RP 34823 5284 34 coin coin NN 34823 5284 35 , , , 34823 5284 36 instead instead RB 34823 5284 37 of of IN 34823 5284 38 depositing deposit VBG 34823 5284 39 it -PRON- PRP 34823 5284 40 ( ( -LRB- 34823 5284 41 or or CC 34823 5284 42 paying pay VBG 34823 5284 43 it -PRON- PRP 34823 5284 44 out out RP 34823 5284 45 to to IN 34823 5284 46 others other NNS 34823 5284 47 who who WP 34823 5284 48 may may MD 34823 5284 49 ultimately ultimately RB 34823 5284 50 deposit deposit VB 34823 5284 51 it -PRON- PRP 34823 5284 52 ) ) -RRB- 34823 5284 53 there there RB 34823 5284 54 tends tend VBZ 34823 5284 55 also also RB 34823 5284 56 to to TO 34823 5284 57 be be VB 34823 5284 58 less less JJR 34823 5284 59 gold gold NN 34823 5284 60 in in IN 34823 5284 61 the the DT 34823 5284 62 bank bank NN 34823 5284 63 's 's POS 34823 5284 64 vaults vault NNS 34823 5284 65 ; ; : 34823 5284 66 if if IN 34823 5284 67 he -PRON- PRP 34823 5284 68 buys buy VBZ 34823 5284 69 gold gold NN 34823 5284 70 with with IN 34823 5284 71 his -PRON- PRP$ 34823 5284 72 own own JJ 34823 5284 73 funds fund NNS 34823 5284 74 in in IN 34823 5284 75 the the DT 34823 5284 76 bullion bullion NN 34823 5284 77 market market NN 34823 5284 78 , , , 34823 5284 79 the the DT 34823 5284 80 supply supply NN 34823 5284 81 of of IN 34823 5284 82 current current JJ 34823 5284 83 bullion bullion NN 34823 5284 84 for for IN 34823 5284 85 which which WDT 34823 5284 86 the the DT 34823 5284 87 banks bank NNS 34823 5284 88 also also RB 34823 5284 89 compete compete VBP 34823 5284 90 is be VBZ 34823 5284 91 reduced reduce VBN 34823 5284 92 . . . 34823 5285 1 In in IN 34823 5285 2 any any DT 34823 5285 3 of of IN 34823 5285 4 these these DT 34823 5285 5 cases case NNS 34823 5285 6 , , , 34823 5285 7 the the DT 34823 5285 8 banks bank NNS 34823 5285 9 have have VBP 34823 5285 10 less less JJR 34823 5285 11 gold gold NN 34823 5285 12 than than IN 34823 5285 13 would would MD 34823 5285 14 otherwise otherwise RB 34823 5285 15 be be VB 34823 5285 16 the the DT 34823 5285 17 case case NN 34823 5285 18 . . . 34823 5286 1 The the DT 34823 5286 2 relation relation NN 34823 5286 3 between between IN 34823 5286 4 gold gold JJ 34823 5286 5 reserves reserve NNS 34823 5286 6 and and CC 34823 5286 7 the the DT 34823 5286 8 supply supply NN 34823 5286 9 of of IN 34823 5286 10 money money NN 34823 5286 11 - - HYPH 34823 5286 12 funds fund NNS 34823 5286 13 has have VBZ 34823 5286 14 been be VBN 34823 5286 15 partly partly RB 34823 5286 16 discussed discuss VBN 34823 5286 17 already already RB 34823 5286 18 . . . 34823 5287 1 We -PRON- PRP 34823 5287 2 have have VBP 34823 5287 3 seen see VBN 34823 5287 4 that that IN 34823 5287 5 there there EX 34823 5287 6 is be VBZ 34823 5287 7 no no DT 34823 5287 8 proportional proportional JJ 34823 5287 9 relation relation NN 34823 5287 10 , , , 34823 5287 11 as as IN 34823 5287 12 Fisher Fisher NNP 34823 5287 13 , , , 34823 5287 14 and and CC 34823 5287 15 other other JJ 34823 5287 16 quantity quantity NN 34823 5287 17 theorists theorist NNS 34823 5287 18 contend contend VBP 34823 5287 19 . . . 34823 5288 1 Loanable loanable JJ 34823 5288 2 funds fund NNS 34823 5288 3 , , , 34823 5288 4 on on IN 34823 5288 5 a a DT 34823 5288 6 given give VBN 34823 5288 7 gold gold NN 34823 5288 8 reserve reserve NN 34823 5288 9 , , , 34823 5288 10 are be VBP 34823 5288 11 highly highly RB 34823 5288 12 elastic elastic JJ 34823 5288 13 . . . 34823 5289 1 But but CC 34823 5289 2 the the DT 34823 5289 3 elasticity elasticity NN 34823 5289 4 calls call VBZ 34823 5289 5 for for IN 34823 5289 6 higher high JJR 34823 5289 7 money money NN 34823 5289 8 - - HYPH 34823 5289 9 rates rate NNS 34823 5289 10 , , , 34823 5289 11 and and CC 34823 5289 12 higher high JJR 34823 5289 13 money money NN 34823 5289 14 - - HYPH 34823 5289 15 rates rate NNS 34823 5289 16 tend tend VBP 34823 5289 17 to to TO 34823 5289 18 reduce reduce VB 34823 5289 19 the the DT 34823 5289 20 volume volume NN 34823 5289 21 of of IN 34823 5289 22 trading trading NN 34823 5289 23 , , , 34823 5289 24 and and CC 34823 5289 25 check check VB 34823 5289 26 the the DT 34823 5289 27 demand demand NN 34823 5289 28 . . . 34823 5290 1 Borrowings borrowing NNS 34823 5290 2 from from IN 34823 5290 3 the the DT 34823 5290 4 money money NN 34823 5290 5 market market NN 34823 5290 6 by by IN 34823 5290 7 workers worker NNS 34823 5290 8 in in IN 34823 5290 9 gold gold NN 34823 5290 10 , , , 34823 5290 11 therefore therefore RB 34823 5290 12 , , , 34823 5290 13 are be VBP 34823 5290 14 much much RB 34823 5290 15 more more RBR 34823 5290 16 significant significant JJ 34823 5290 17 than than IN 34823 5290 18 borrowings borrowing NNS 34823 5290 19 by by IN 34823 5290 20 other other JJ 34823 5290 21 manufacturers manufacturer NNS 34823 5290 22 or or CC 34823 5290 23 merchants merchant NNS 34823 5290 24 , , , 34823 5290 25 because because IN 34823 5290 26 the the DT 34823 5290 27 latter latter JJ 34823 5290 28 are be VBP 34823 5290 29 content content JJ 34823 5290 30 with with IN 34823 5290 31 credit credit NN 34823 5290 32 devices device NNS 34823 5290 33 , , , 34823 5290 34 for for IN 34823 5290 35 the the DT 34823 5290 36 most most JJS 34823 5290 37 part part NN 34823 5290 38 , , , 34823 5290 39 while while IN 34823 5290 40 the the DT 34823 5290 41 workers worker NNS 34823 5290 42 in in IN 34823 5290 43 gold gold NN 34823 5290 44 withdraw withdraw VBP 34823 5290 45 gold gold NN 34823 5290 46 itself -PRON- PRP 34823 5290 47 from from IN 34823 5290 48 the the DT 34823 5290 49 money money NN 34823 5290 50 market market NN 34823 5290 51 . . . 34823 5291 1 It -PRON- PRP 34823 5291 2 is be VBZ 34823 5291 3 , , , 34823 5291 4 moreover moreover RB 34823 5291 5 , , , 34823 5291 6 harder hard RBR 34823 5291 7 for for IN 34823 5291 8 the the DT 34823 5291 9 money money NN 34823 5291 10 market market NN 34823 5291 11 to to TO 34823 5291 12 resist resist VB 34823 5291 13 extra extra JJ 34823 5291 14 demand demand NN 34823 5291 15 from from IN 34823 5291 16 the the DT 34823 5291 17 jewelers jeweler NNS 34823 5291 18 than than IN 34823 5291 19 from from IN 34823 5291 20 many many JJ 34823 5291 21 other other JJ 34823 5291 22 interests interest NNS 34823 5291 23 . . . 34823 5292 1 The the DT 34823 5292 2 assets asset NNS 34823 5292 3 of of IN 34823 5292 4 the the DT 34823 5292 5 jewelers jeweler NNS 34823 5292 6 , , , 34823 5292 7 especially especially RB 34823 5292 8 from from IN 34823 5292 9 those those DT 34823 5292 10 who who WP 34823 5292 11 do do VBP 34823 5292 12 not not RB 34823 5292 13 work work VB 34823 5292 14 the the DT 34823 5292 15 gold gold NN 34823 5292 16 up up RP 34823 5292 17 in in IN 34823 5292 18 highly highly RB 34823 5292 19 specialized specialized JJ 34823 5292 20 forms form NNS 34823 5292 21 , , , 34823 5292 22 are be VBP 34823 5292 23 exceedingly exceedingly RB 34823 5292 24 liquid liquid JJ 34823 5292 25 . . . 34823 5293 1 Their -PRON- PRP$ 34823 5293 2 paper paper NN 34823 5293 3 , , , 34823 5293 4 therefore therefore RB 34823 5293 5 , , , 34823 5293 6 is be VBZ 34823 5293 7 exceptionally exceptionally RB 34823 5293 8 good good JJ 34823 5293 9 in in IN 34823 5293 10 the the DT 34823 5293 11 discount discount NN 34823 5293 12 market market NN 34823 5293 13 . . . 34823 5294 1 Usually usually RB 34823 5294 2 , , , 34823 5294 3 too too RB 34823 5294 4 , , , 34823 5294 5 the the DT 34823 5294 6 larger large JJR 34823 5294 7 jewelry jewelry NN 34823 5294 8 houses house NNS 34823 5294 9 have have VBP 34823 5294 10 specially specially RB 34823 5294 11 good good JJ 34823 5294 12 general general JJ 34823 5294 13 credit credit NN 34823 5294 14 and and CC 34823 5294 15 high high JJ 34823 5294 16 reputation reputation NN 34823 5294 17 . . . 34823 5295 1 There there EX 34823 5295 2 is be VBZ 34823 5295 3 , , , 34823 5295 4 then then RB 34823 5295 5 , , , 34823 5295 6 less less JJR 34823 5295 7 disposition disposition NN 34823 5295 8 for for IN 34823 5295 9 the the DT 34823 5295 10 market market NN 34823 5295 11 to to TO 34823 5295 12 look look VB 34823 5295 13 askance askance NN 34823 5295 14 at at IN 34823 5295 15 an an DT 34823 5295 16 unusual unusual JJ 34823 5295 17 supply supply NN 34823 5295 18 of of IN 34823 5295 19 their -PRON- PRP$ 34823 5295 20 paper paper NN 34823 5295 21 than than IN 34823 5295 22 would would MD 34823 5295 23 be be VB 34823 5295 24 the the DT 34823 5295 25 case case NN 34823 5295 26 with with IN 34823 5295 27 many many JJ 34823 5295 28 other other JJ 34823 5295 29 sorts sort NNS 34823 5295 30 of of IN 34823 5295 31 paper paper NN 34823 5295 32 . . . 34823 5296 1 They -PRON- PRP 34823 5296 2 tend tend VBP 34823 5296 3 to to TO 34823 5296 4 get get VB 34823 5296 5 about about RB 34823 5296 6 as as RB 34823 5296 7 low low JJ 34823 5296 8 rates rate NNS 34823 5296 9 as as IN 34823 5296 10 anyone anyone NN 34823 5296 11 else else RB 34823 5296 12 in in IN 34823 5296 13 the the DT 34823 5296 14 market market NN 34823 5296 15 . . . 34823 5297 1 A a DT 34823 5297 2 money money NN 34823 5297 3 market market NN 34823 5297 4 under under IN 34823 5297 5 centralized centralized JJ 34823 5297 6 control control NN 34823 5297 7 seeking seek VBG 34823 5297 8 to to TO 34823 5297 9 protect protect VB 34823 5297 10 its -PRON- PRP$ 34823 5297 11 gold gold NN 34823 5297 12 , , , 34823 5297 13 might may MD 34823 5297 14 tend tend VB 34823 5297 15 to to TO 34823 5297 16 raise raise VB 34823 5297 17 discount discount NN 34823 5297 18 rates rate NNS 34823 5297 19 on on IN 34823 5297 20 jewelers jeweler NNS 34823 5297 21 ' ' POS 34823 5297 22 paper paper NN 34823 5297 23 , , , 34823 5297 24 but but CC 34823 5297 25 a a DT 34823 5297 26 competitive competitive JJ 34823 5297 27 money money NN 34823 5297 28 market market NN 34823 5297 29 is be VBZ 34823 5297 30 very very RB 34823 5297 31 unlikely unlikely JJ 34823 5297 32 to to TO 34823 5297 33 do do VB 34823 5297 34 so so RB 34823 5297 35 . . . 34823 5298 1 An an DT 34823 5298 2 increase increase NN 34823 5298 3 in in IN 34823 5298 4 the the DT 34823 5298 5 value value NN 34823 5298 6 of of IN 34823 5298 7 gold gold NN 34823 5298 8 in in IN 34823 5298 9 the the DT 34823 5298 10 arts art NNS 34823 5298 11 would would MD 34823 5298 12 , , , 34823 5298 13 thus thus RB 34823 5298 14 , , , 34823 5298 15 reflect reflect VB 34823 5298 16 itself -PRON- PRP 34823 5298 17 pretty pretty RB 34823 5298 18 quickly quickly RB 34823 5298 19 in in IN 34823 5298 20 the the DT 34823 5298 21 money money NN 34823 5298 22 market market NN 34823 5298 23 , , , 34823 5298 24 first first RB 34823 5298 25 in in IN 34823 5298 26 the the DT 34823 5298 27 form form NN 34823 5298 28 of of IN 34823 5298 29 added add VBN 34823 5298 30 value value NN 34823 5298 31 for for IN 34823 5298 32 the the DT 34823 5298 33 services service NNS 34823 5298 34 of of IN 34823 5298 35 money money NN 34823 5298 36 , , , 34823 5298 37 and and CC 34823 5298 38 then then RB 34823 5298 39 , , , 34823 5298 40 secondly secondly RB 34823 5298 41 , , , 34823 5298 42 in in IN 34823 5298 43 an an DT 34823 5298 44 increase increase NN 34823 5298 45 in in IN 34823 5298 46 the the DT 34823 5298 47 capital capital NN 34823 5298 48 value value NN 34823 5298 49 of of IN 34823 5298 50 money money NN 34823 5298 51 . . . 34823 5299 1 Indeed indeed RB 34823 5299 2 , , , 34823 5299 3 an an DT 34823 5299 4 increase increase NN 34823 5299 5 in in IN 34823 5299 6 the the DT 34823 5299 7 value value NN 34823 5299 8 of of IN 34823 5299 9 a a DT 34823 5299 10 single single JJ 34823 5299 11 rental rental NN 34823 5299 12 is be VBZ 34823 5299 13 an an DT 34823 5299 14 increase increase NN 34823 5299 15 in in IN 34823 5299 16 the the DT 34823 5299 17 capital capital NN 34823 5299 18 value value NN 34823 5299 19 also also RB 34823 5299 20 , , , 34823 5299 21 since since IN 34823 5299 22 the the DT 34823 5299 23 value value NN 34823 5299 24 of of IN 34823 5299 25 the the DT 34823 5299 26 single single JJ 34823 5299 27 rental rental NN 34823 5299 28 is be VBZ 34823 5299 29 one one CD 34823 5299 30 portion portion NN 34823 5299 31 of of IN 34823 5299 32 the the DT 34823 5299 33 capital capital NN 34823 5299 34 value value NN 34823 5299 35 . . . 34823 5300 1 Not not RB 34823 5300 2 only only RB 34823 5300 3 does do VBZ 34823 5300 4 it -PRON- PRP 34823 5300 5 mean mean VB 34823 5300 6 a a DT 34823 5300 7 higher high JJR 34823 5300 8 capital capital NN 34823 5300 9 value value NN 34823 5300 10 for for IN 34823 5300 11 gold gold NN 34823 5300 12 , , , 34823 5300 13 but but CC 34823 5300 14 it -PRON- PRP 34823 5300 15 consequently consequently RB 34823 5300 16 tends tend VBZ 34823 5300 17 to to TO 34823 5300 18 mean mean VB 34823 5300 19 a a DT 34823 5300 20 higher high JJR 34823 5300 21 " " `` 34823 5300 22 price price NN 34823 5300 23 . . . 34823 5300 24 " " '' 34823 5301 1 It -PRON- PRP 34823 5301 2 does do VBZ 34823 5301 3 mean mean VB 34823 5301 4 a a DT 34823 5301 5 higher high JJR 34823 5301 6 " " `` 34823 5301 7 price price NN 34823 5301 8 " " '' 34823 5301 9 for for IN 34823 5301 10 present present JJ 34823 5301 11 money money NN 34823 5301 12 as as IN 34823 5301 13 compared compare VBN 34823 5301 14 with with IN 34823 5301 15 future future JJ 34823 5301 16 money money NN 34823 5301 17 . . . 34823 5302 1 It -PRON- PRP 34823 5302 2 tends tend VBZ 34823 5302 3 , , , 34823 5302 4 also also RB 34823 5302 5 , , , 34823 5302 6 to to TO 34823 5302 7 mean mean VB 34823 5302 8 a a DT 34823 5302 9 higher high JJR 34823 5302 10 " " `` 34823 5302 11 price price NN 34823 5302 12 " " '' 34823 5302 13 of of IN 34823 5302 14 money money NN 34823 5302 15 in in IN 34823 5302 16 terms term NNS 34823 5302 17 of of IN 34823 5302 18 other other JJ 34823 5302 19 goods good NNS 34823 5302 20 . . . 34823 5303 1 Meeting meet VBG 34823 5303 2 higher high JJR 34823 5303 3 money money NN 34823 5303 4 - - HYPH 34823 5303 5 rates rate NNS 34823 5303 6 , , , 34823 5303 7 all all DT 34823 5303 8 borrowers borrower NNS 34823 5303 9 tend tend VBP 34823 5303 10 to to TO 34823 5303 11 borrow borrow VB 34823 5303 12 less less JJR 34823 5303 13 , , , 34823 5303 14 and and CC 34823 5303 15 to to TO 34823 5303 16 buy buy VB 34823 5303 17 less less JJR 34823 5303 18 , , , 34823 5303 19 to to TO 34823 5303 20 offer offer VB 34823 5303 21 less less JJR 34823 5303 22 money money NN 34823 5303 23 for for IN 34823 5303 24 goods good NNS 34823 5303 25 . . . 34823 5304 1 It -PRON- PRP 34823 5304 2 need nee MD 34823 5304 3 not not RB 34823 5304 4 follow follow VB 34823 5304 5 , , , 34823 5304 6 however however RB 34823 5304 7 , , , 34823 5304 8 that that IN 34823 5304 9 the the DT 34823 5304 10 rising rise VBG 34823 5304 11 value value NN 34823 5304 12 of of IN 34823 5304 13 gold gold NN 34823 5304 14 reduces reduce NNS 34823 5304 15 prices price NNS 34823 5304 16 . . . 34823 5305 1 The the DT 34823 5305 2 rise rise NN 34823 5305 3 in in IN 34823 5305 4 the the DT 34823 5305 5 value value NN 34823 5305 6 of of IN 34823 5305 7 gold gold NN 34823 5305 8 in in IN 34823 5305 9 the the DT 34823 5305 10 arts art NNS 34823 5305 11 may may MD 34823 5305 12 well well RB 34823 5305 13 be be VB 34823 5305 14 a a DT 34823 5305 15 manifestation manifestation NN 34823 5305 16 of of IN 34823 5305 17 a a DT 34823 5305 18 general general JJ 34823 5305 19 rise rise NN 34823 5305 20 of of IN 34823 5305 21 values value NNS 34823 5305 22 . . . 34823 5306 1 General general JJ 34823 5306 2 prosperity prosperity NN 34823 5306 3 , , , 34823 5306 4 rather rather RB 34823 5306 5 than than IN 34823 5306 6 causes cause NNS 34823 5306 7 affecting affect VBG 34823 5306 8 the the DT 34823 5306 9 value value NN 34823 5306 10 of of IN 34823 5306 11 gold gold NN 34823 5306 12 in in IN 34823 5306 13 the the DT 34823 5306 14 arts art NNS 34823 5306 15 alone alone RB 34823 5306 16 , , , 34823 5306 17 may may MD 34823 5306 18 have have VB 34823 5306 19 occasioned occasion VBN 34823 5306 20 the the DT 34823 5306 21 increasing increase VBG 34823 5306 22 demand demand NN 34823 5306 23 for for IN 34823 5306 24 gold gold NN 34823 5306 25 in in IN 34823 5306 26 the the DT 34823 5306 27 arts art NNS 34823 5306 28 . . . 34823 5307 1 This this DT 34823 5307 2 would would MD 34823 5307 3 mean mean VB 34823 5307 4 rising rise VBG 34823 5307 5 values value NNS 34823 5307 6 for for IN 34823 5307 7 goods good NNS 34823 5307 8 at at IN 34823 5307 9 large large JJ 34823 5307 10 . . . 34823 5308 1 It -PRON- PRP 34823 5308 2 might may MD 34823 5308 3 well well RB 34823 5308 4 be be VB 34823 5308 5 , , , 34823 5308 6 therefore therefore RB 34823 5308 7 , , , 34823 5308 8 that that IN 34823 5308 9 the the DT 34823 5308 10 rise rise NN 34823 5308 11 in in IN 34823 5308 12 the the DT 34823 5308 13 values value NNS 34823 5308 14 of of IN 34823 5308 15 goods good NNS 34823 5308 16 would would MD 34823 5308 17 offset offset VB 34823 5308 18 the the DT 34823 5308 19 rise rise NN 34823 5308 20 in in IN 34823 5308 21 the the DT 34823 5308 22 value value NN 34823 5308 23 of of IN 34823 5308 24 money money NN 34823 5308 25 , , , 34823 5308 26 and and CC 34823 5308 27 that that IN 34823 5308 28 prices price NNS 34823 5308 29 of of IN 34823 5308 30 goods good NNS 34823 5308 31 would would MD 34823 5308 32 rise rise VB 34823 5308 33 at at IN 34823 5308 34 the the DT 34823 5308 35 same same JJ 34823 5308 36 time time NN 34823 5308 37 that that WDT 34823 5308 38 gold gold NN 34823 5308 39 is be VBZ 34823 5308 40 being be VBG 34823 5308 41 withdrawn withdraw VBN 34823 5308 42 from from IN 34823 5308 43 the the DT 34823 5308 44 money money NN 34823 5308 45 market market NN 34823 5308 46 to to IN 34823 5308 47 the the DT 34823 5308 48 arts art NNS 34823 5308 49 . . . 34823 5309 1 Business business NN 34823 5309 2 in in IN 34823 5309 3 general general JJ 34823 5309 4 , , , 34823 5309 5 as as RB 34823 5309 6 well well RB 34823 5309 7 as as IN 34823 5309 8 the the DT 34823 5309 9 jewelers jeweler NNS 34823 5309 10 , , , 34823 5309 11 may may MD 34823 5309 12 be be VB 34823 5309 13 making make VBG 34823 5309 14 increased increased JJ 34823 5309 15 demands demand NNS 34823 5309 16 on on IN 34823 5309 17 the the DT 34823 5309 18 money money NN 34823 5309 19 market market NN 34823 5309 20 . . . 34823 5310 1 This this DT 34823 5310 2 would would MD 34823 5310 3 tend tend VB 34823 5310 4 still still RB 34823 5310 5 further further RB 34823 5310 6 to to TO 34823 5310 7 raise raise VB 34823 5310 8 the the DT 34823 5310 9 money money NN 34823 5310 10 - - HYPH 34823 5310 11 rates rate NNS 34823 5310 12 . . . 34823 5311 1 It -PRON- PRP 34823 5311 2 would would MD 34823 5311 3 also also RB 34823 5311 4 , , , 34823 5311 5 however however RB 34823 5311 6 , , , 34823 5311 7 tend tend VBP 34823 5311 8 to to TO 34823 5311 9 increase increase VB 34823 5311 10 the the DT 34823 5311 11 supply supply NN 34823 5311 12 of of IN 34823 5311 13 money money NN 34823 5311 14 - - HYPH 34823 5311 15 funds fund NNS 34823 5311 16 . . . 34823 5312 1 Commercial commercial JJ 34823 5312 2 and and CC 34823 5312 3 industrial industrial JJ 34823 5312 4 paper paper NN 34823 5312 5 , , , 34823 5312 6 in in IN 34823 5312 7 a a DT 34823 5312 8 time time NN 34823 5312 9 of of IN 34823 5312 10 buoyancy buoyancy NN 34823 5312 11 and and CC 34823 5312 12 expansion expansion NN 34823 5312 13 , , , 34823 5312 14 is be VBZ 34823 5312 15 particularly particularly RB 34823 5312 16 acceptable acceptable JJ 34823 5312 17 to to IN 34823 5312 18 the the DT 34823 5312 19 banks bank NNS 34823 5312 20 , , , 34823 5312 21 and and CC 34823 5312 22 they -PRON- PRP 34823 5312 23 are be VBP 34823 5312 24 likely likely JJ 34823 5312 25 to to TO 34823 5312 26 expand expand VB 34823 5312 27 their -PRON- PRP$ 34823 5312 28 loans loan NNS 34823 5312 29 despite despite IN 34823 5312 30 the the DT 34823 5312 31 failure failure NN 34823 5312 32 of of IN 34823 5312 33 gold gold JJ 34823 5312 34 reserves reserve NNS 34823 5312 35 to to TO 34823 5312 36 keep keep VB 34823 5312 37 pace pace NN 34823 5312 38 . . . 34823 5313 1 They -PRON- PRP 34823 5313 2 simply simply RB 34823 5313 3 get get VBP 34823 5313 4 along along RP 34823 5313 5 with with IN 34823 5313 6 smaller small JJR 34823 5313 7 reserves reserve NNS 34823 5313 8 . . . 34823 5314 1 Higher high JJR 34823 5314 2 money money NN 34823 5314 3 - - HYPH 34823 5314 4 rates rate NNS 34823 5314 5 in in IN 34823 5314 6 such such PDT 34823 5314 7 a a DT 34823 5314 8 case case NN 34823 5314 9 tend tend VB 34823 5314 10 to to TO 34823 5314 11 reduce reduce VB 34823 5314 12 the the DT 34823 5314 13 volume volume NN 34823 5314 14 of of IN 34823 5314 15 business business NN 34823 5314 16 , , , 34823 5314 17 but but CC 34823 5314 18 need nee MD 34823 5314 19 not not RB 34823 5314 20 actually actually RB 34823 5314 21 reduce reduce VB 34823 5314 22 it -PRON- PRP 34823 5314 23 , , , 34823 5314 24 if if IN 34823 5314 25 there there EX 34823 5314 26 are be VBP 34823 5314 27 bigger big JJR 34823 5314 28 profits profit NNS 34823 5314 29 than than IN 34823 5314 30 before before RB 34823 5314 31 anticipated anticipate VBN 34823 5314 32 in in IN 34823 5314 33 business business NN 34823 5314 34 transactions transaction NNS 34823 5314 35 . . . 34823 5315 1 Not not RB 34823 5315 2 absolute absolute JJ 34823 5315 3 money money NN 34823 5315 4 - - HYPH 34823 5315 5 rates rate NNS 34823 5315 6 , , , 34823 5315 7 but but CC 34823 5315 8 money money NN 34823 5315 9 - - HYPH 34823 5315 10 rates rate NNS 34823 5315 11 in in IN 34823 5315 12 relation relation NN 34823 5315 13 to to IN 34823 5315 14 anticipated anticipated JJ 34823 5315 15 profits profit NNS 34823 5315 16 from from IN 34823 5315 17 the the DT 34823 5315 18 use use NN 34823 5315 19 of of IN 34823 5315 20 money money NN 34823 5315 21 , , , 34823 5315 22 are be VBP 34823 5315 23 significant significant JJ 34823 5315 24 . . . 34823 5316 1 There there EX 34823 5316 2 is be VBZ 34823 5316 3 large large JJ 34823 5316 4 room room NN 34823 5316 5 here here RB 34823 5316 6 for for IN 34823 5316 7 flexibility flexibility NN 34823 5316 8 , , , 34823 5316 9 elasticity elasticity NN 34823 5316 10 , , , 34823 5316 11 etc etc FW 34823 5316 12 . . . 34823 5317 1 There there EX 34823 5317 2 is be VBZ 34823 5317 3 much much JJ 34823 5317 4 slack slack NN 34823 5317 5 to to TO 34823 5317 6 be be VB 34823 5317 7 taken take VBN 34823 5317 8 up up RP 34823 5317 9 by by IN 34823 5317 10 the the DT 34823 5317 11 money money NN 34823 5317 12 - - HYPH 34823 5317 13 rates rate NNS 34823 5317 14 , , , 34823 5317 15 much much JJ 34823 5317 16 slack slack NN 34823 5317 17 in in IN 34823 5317 18 the the DT 34823 5317 19 fluid fluid JJ 34823 5317 20 substitutes substitute NNS 34823 5317 21 for for IN 34823 5317 22 money money NN 34823 5317 23 in in IN 34823 5317 24 various various JJ 34823 5317 25 functions function NNS 34823 5317 26 , , , 34823 5317 27 and and CC 34823 5317 28 much much JJ 34823 5317 29 slack slack NN 34823 5317 30 to to TO 34823 5317 31 be be VB 34823 5317 32 taken take VBN 34823 5317 33 up up RP 34823 5317 34 by by IN 34823 5317 35 the the DT 34823 5317 36 volume volume NN 34823 5317 37 of of IN 34823 5317 38 trade trade NN 34823 5317 39 . . . 34823 5318 1 But but CC 34823 5318 2 all all PDT 34823 5318 3 this this DT 34823 5318 4 will will MD 34823 5318 5 best best RB 34823 5318 6 appear appear VB 34823 5318 7 after after IN 34823 5318 8 our -PRON- PRP$ 34823 5318 9 discussion discussion NN 34823 5318 10 of of IN 34823 5318 11 the the DT 34823 5318 12 money money NN 34823 5318 13 market market NN 34823 5318 14 . . . 34823 5319 1 I -PRON- PRP 34823 5319 2 have have VBP 34823 5319 3 said say VBN 34823 5319 4 enough enough JJ 34823 5319 5 to to TO 34823 5319 6 indicate indicate VB 34823 5319 7 the the DT 34823 5319 8 character character NN 34823 5319 9 of of IN 34823 5319 10 the the DT 34823 5319 11 factors factor NNS 34823 5319 12 immediately immediately RB 34823 5319 13 determining determine VBG 34823 5319 14 the the DT 34823 5319 15 equilibrium equilibrium NN 34823 5319 16 between between IN 34823 5319 17 gold gold NN 34823 5319 18 in in IN 34823 5319 19 the the DT 34823 5319 20 arts art NNS 34823 5319 21 and and CC 34823 5319 22 gold gold NN 34823 5319 23 in in IN 34823 5319 24 the the DT 34823 5319 25 money money NN 34823 5319 26 employments employment NNS 34823 5319 27 . . . 34823 5320 1 In in IN 34823 5320 2 the the DT 34823 5320 3 preceding precede VBG 34823 5320 4 discussion discussion NN 34823 5320 5 , , , 34823 5320 6 also also RB 34823 5320 7 , , , 34823 5320 8 I -PRON- PRP 34823 5320 9 have have VBP 34823 5320 10 discussed discuss VBN 34823 5320 11 the the DT 34823 5320 12 more more RBR 34823 5320 13 fundamental fundamental JJ 34823 5320 14 factors factor NNS 34823 5320 15 governing govern VBG 34823 5320 16 the the DT 34823 5320 17 value value NN 34823 5320 18 of of IN 34823 5320 19 gold gold NN 34823 5320 20 in in IN 34823 5320 21 both both DT 34823 5320 22 employments employment NNS 34823 5320 23 . . . 34823 5321 1 The the DT 34823 5321 2 problem problem NN 34823 5321 3 of of IN 34823 5321 4 translating translate VBG 34823 5321 5 the the DT 34823 5321 6 fundamental fundamental JJ 34823 5321 7 theory theory NN 34823 5321 8 of of IN 34823 5321 9 value value NN 34823 5321 10 into into IN 34823 5321 11 money money NN 34823 5321 12 market market NN 34823 5321 13 terms term NNS 34823 5321 14 , , , 34823 5321 15 and and CC 34823 5321 16 of of IN 34823 5321 17 translating translate VBG 34823 5321 18 the the DT 34823 5321 19 phenomena phenomenon NNS 34823 5321 20 of of IN 34823 5321 21 the the DT 34823 5321 22 money money NN 34823 5321 23 market market NN 34823 5321 24 into into IN 34823 5321 25 terms term NNS 34823 5321 26 of of IN 34823 5321 27 fundamental fundamental JJ 34823 5321 28 values value NNS 34823 5321 29 is be VBZ 34823 5321 30 not not RB 34823 5321 31 easy easy JJ 34823 5321 32 . . . 34823 5322 1 Most Most JJS 34823 5322 2 of of IN 34823 5322 3 our -PRON- PRP$ 34823 5322 4 value value NN 34823 5322 5 theory theory NN 34823 5322 6 in in IN 34823 5322 7 the the DT 34823 5322 8 past past NN 34823 5322 9 has have VBZ 34823 5322 10 been be VBN 34823 5322 11 concerned concern VBN 34823 5322 12 with with IN 34823 5322 13 individual individual JJ 34823 5322 14 psychology psychology NN 34823 5322 15 , , , 34823 5322 16 Crusoe Crusoe NNP 34823 5322 17 economics economic NNS 34823 5322 18 , , , 34823 5322 19 trading trading NN 34823 5322 20 in in IN 34823 5322 21 small small JJ 34823 5322 22 markets market NNS 34823 5322 23 with with IN 34823 5322 24 a a DT 34823 5322 25 few few JJ 34823 5322 26 buyers buyer NNS 34823 5322 27 , , , 34823 5322 28 barter barter NN 34823 5322 29 transactions transaction NNS 34823 5322 30 , , , 34823 5322 31 etc etc FW 34823 5322 32 . . . 34823 5323 1 It -PRON- PRP 34823 5323 2 has have VBZ 34823 5323 3 been be VBN 34823 5323 4 abstract abstract JJ 34823 5323 5 and and CC 34823 5323 6 unrealistic unrealistic JJ 34823 5323 7 . . . 34823 5324 1 The the DT 34823 5324 2 practical practical JJ 34823 5324 3 students student NNS 34823 5324 4 of of IN 34823 5324 5 the the DT 34823 5324 6 money money NN 34823 5324 7 market market NN 34823 5324 8 , , , 34823 5324 9 who who WP 34823 5324 10 are be VBP 34823 5324 11 immersed immerse VBN 34823 5324 12 in in IN 34823 5324 13 the the DT 34823 5324 14 facts fact NNS 34823 5324 15 of of IN 34823 5324 16 modern modern JJ 34823 5324 17 money money NN 34823 5324 18 , , , 34823 5324 19 have have VBP 34823 5324 20 got get VBN 34823 5324 21 little little JJ 34823 5324 22 help help NN 34823 5324 23 from from IN 34823 5324 24 it -PRON- PRP 34823 5324 25 , , , 34823 5324 26 and and CC 34823 5324 27 have have VBP 34823 5324 28 often often RB 34823 5324 29 been be VBN 34823 5324 30 scornful scornful JJ 34823 5324 31 of of IN 34823 5324 32 it -PRON- PRP 34823 5324 33 . . . 34823 5325 1 I -PRON- PRP 34823 5325 2 hope hope VBP 34823 5325 3 to to TO 34823 5325 4 be be VB 34823 5325 5 able able JJ 34823 5325 6 to to TO 34823 5325 7 contribute contribute VB 34823 5325 8 something something NN 34823 5325 9 to to IN 34823 5325 10 bringing bring VBG 34823 5325 11 the the DT 34823 5325 12 two two CD 34823 5325 13 methods method NNS 34823 5325 14 of of IN 34823 5325 15 approach approach NN 34823 5325 16 to to IN 34823 5325 17 common common JJ 34823 5325 18 terms term NNS 34823 5325 19 . . . 34823 5326 1 They -PRON- PRP 34823 5326 2 are be VBP 34823 5326 3 correlative correlative JJ 34823 5326 4 aspects aspect NNS 34823 5326 5 of of IN 34823 5326 6 the the DT 34823 5326 7 same same JJ 34823 5326 8 problem problem NN 34823 5326 9 . . . 34823 5327 1 Each each DT 34823 5327 2 gives give VBZ 34823 5327 3 highly highly RB 34823 5327 4 important important JJ 34823 5327 5 clues clue NNS 34823 5327 6 to to IN 34823 5327 7 the the DT 34823 5327 8 understanding understanding NN 34823 5327 9 of of IN 34823 5327 10 the the DT 34823 5327 11 other other JJ 34823 5327 12 . . . 34823 5328 1 Neither neither DT 34823 5328 2 can can MD 34823 5328 3 be be VB 34823 5328 4 understood understand VBN 34823 5328 5 without without IN 34823 5328 6 some some DT 34823 5328 7 understanding understanding NN 34823 5328 8 of of IN 34823 5328 9 the the DT 34823 5328 10 other other JJ 34823 5328 11 . . . 34823 5329 1 A a DT 34823 5329 2 theory theory NN 34823 5329 3 of of IN 34823 5329 4 value value NN 34823 5329 5 which which WDT 34823 5329 6 can can MD 34823 5329 7 not not RB 34823 5329 8 be be VB 34823 5329 9 applied apply VBN 34823 5329 10 in in IN 34823 5329 11 the the DT 34823 5329 12 money money NN 34823 5329 13 market market NN 34823 5329 14 , , , 34823 5329 15 the the DT 34823 5329 16 stock stock NN 34823 5329 17 exchange exchange NN 34823 5329 18 , , , 34823 5329 19 and and CC 34823 5329 20 the the DT 34823 5329 21 great great JJ 34823 5329 22 field field NN 34823 5329 23 of of IN 34823 5329 24 modern modern JJ 34823 5329 25 business business NN 34823 5329 26 generally generally RB 34823 5329 27 , , , 34823 5329 28 has have VBZ 34823 5329 29 small small JJ 34823 5329 30 _ _ NNP 34823 5329 31 raison raison NNP 34823 5329 32 d'être d'être NNP 34823 5329 33 _ _ NNP 34823 5329 34 . . . 34823 5330 1 In in IN 34823 5330 2 the the DT 34823 5330 3 next next JJ 34823 5330 4 chapter chapter NN 34823 5330 5 I -PRON- PRP 34823 5330 6 shall shall MD 34823 5330 7 take take VB 34823 5330 8 up up RP 34823 5330 9 the the DT 34823 5330 10 problems problem NNS 34823 5330 11 of of IN 34823 5330 12 credit credit NN 34823 5330 13 , , , 34823 5330 14 and and CC 34823 5330 15 the the DT 34823 5330 16 money money NN 34823 5330 17 market market NN 34823 5330 18 . . . 34823 5331 1 CHAPTER CHAPTER NNP 34823 5331 2 XXIII XXIII NNP 34823 5331 3 CREDIT CREDIT NNP 34823 5331 4 Analysis analysis NN 34823 5331 5 and and CC 34823 5331 6 description description NN 34823 5331 7 are be VBP 34823 5331 8 much much RB 34823 5331 9 more more RBR 34823 5331 10 important important JJ 34823 5331 11 than than IN 34823 5331 12 definition definition NN 34823 5331 13 . . . 34823 5332 1 Definition definition NN 34823 5332 2 at at IN 34823 5332 3 the the DT 34823 5332 4 beginning beginning NN 34823 5332 5 of of IN 34823 5332 6 a a DT 34823 5332 7 study study NN 34823 5332 8 is be VBZ 34823 5332 9 frequently frequently RB 34823 5332 10 a a DT 34823 5332 11 fetter fetter NN 34823 5332 12 , , , 34823 5332 13 rather rather RB 34823 5332 14 than than IN 34823 5332 15 an an DT 34823 5332 16 aid aid NN 34823 5332 17 to to IN 34823 5332 18 thought thought NN 34823 5332 19 . . . 34823 5333 1 This this DT 34823 5333 2 is be VBZ 34823 5333 3 especially especially RB 34823 5333 4 true true JJ 34823 5333 5 in in IN 34823 5333 6 a a DT 34823 5333 7 field field NN 34823 5333 8 where where WRB 34823 5333 9 phenomena phenomena NNP 34823 5333 10 overlap overlap VBP 34823 5333 11 and and CC 34823 5333 12 interlace interlace VBP 34823 5333 13 , , , 34823 5333 14 and and CC 34823 5333 15 where where WRB 34823 5333 16 the the DT 34823 5333 17 " " `` 34823 5333 18 pure pure JJ 34823 5333 19 principle principle NN 34823 5333 20 , , , 34823 5333 21 " " '' 34823 5333 22 " " `` 34823 5333 23 essence essence NN 34823 5333 24 " " '' 34823 5333 25 or or CC 34823 5333 26 " " `` 34823 5333 27 _ _ NNP 34823 5333 28 Wesen Wesen NNP 34823 5333 29 _ _ NNP 34823 5333 30 " " '' 34823 5333 31 of of IN 34823 5333 32 the the DT 34823 5333 33 thing thing NN 34823 5333 34 defined define VBN 34823 5333 35 never never RB 34823 5333 36 presents present VBZ 34823 5333 37 itself -PRON- PRP 34823 5333 38 , , , 34823 5333 39 but but CC 34823 5333 40 is be VBZ 34823 5333 41 only only RB 34823 5333 42 to to TO 34823 5333 43 be be VB 34823 5333 44 reached reach VBN 34823 5333 45 by by IN 34823 5333 46 violent violent JJ 34823 5333 47 abstraction abstraction NN 34823 5333 48 . . . 34823 5334 1 To to TO 34823 5334 2 pick pick VB 34823 5334 3 out out RP 34823 5334 4 one one CD 34823 5334 5 element element NN 34823 5334 6 -- -- : 34823 5334 7 as as IN 34823 5334 8 " " `` 34823 5334 9 futurity"[503]--as futurity"[503]--as LS 34823 5334 10 marking mark VBG 34823 5334 11 off off RP 34823 5334 12 credit credit NN 34823 5334 13 from from IN 34823 5334 14 other other JJ 34823 5334 15 things thing NNS 34823 5334 16 would would MD 34823 5334 17 be be VB 34823 5334 18 an an DT 34823 5334 19 illustration illustration NN 34823 5334 20 of of IN 34823 5334 21 this this DT 34823 5334 22 . . . 34823 5335 1 Or or CC 34823 5335 2 to to TO 34823 5335 3 take take VB 34823 5335 4 the the DT 34823 5335 5 notion notion NN 34823 5335 6 of of IN 34823 5335 7 _ _ NNP 34823 5335 8 promise promise NN 34823 5335 9 _ _ NNP 34823 5335 10 , , , 34823 5335 11 or or CC 34823 5335 12 contract contract NN 34823 5335 13 obligation obligation NN 34823 5335 14 , , , 34823 5335 15 in in IN 34823 5335 16 connection connection NN 34823 5335 17 with with IN 34823 5335 18 futurity futurity NN 34823 5335 19 , , , 34823 5335 20 is be VBZ 34823 5335 21 likewise likewise RB 34823 5335 22 to to TO 34823 5335 23 limit limit VB 34823 5335 24 the the DT 34823 5335 25 field field NN 34823 5335 26 unduly unduly RB 34823 5335 27 , , , 34823 5335 28 on on IN 34823 5335 29 the the DT 34823 5335 30 one one CD 34823 5335 31 hand hand NN 34823 5335 32 , , , 34823 5335 33 and and CC 34823 5335 34 to to TO 34823 5335 35 include include VB 34823 5335 36 things thing NNS 34823 5335 37 which which WDT 34823 5335 38 do do VBP 34823 5335 39 not not RB 34823 5335 40 belong belong VB 34823 5335 41 there there RB 34823 5335 42 on on IN 34823 5335 43 the the DT 34823 5335 44 other other JJ 34823 5335 45 . . . 34823 5336 1 Thus thus RB 34823 5336 2 , , , 34823 5336 3 a a DT 34823 5336 4 contract contract NN 34823 5336 5 whereby whereby WRB 34823 5336 6 A a NN 34823 5336 7 is be VBZ 34823 5336 8 to to TO 34823 5336 9 build build VB 34823 5336 10 a a DT 34823 5336 11 house house NN 34823 5336 12 for for IN 34823 5336 13 B b NN 34823 5336 14 by by IN 34823 5336 15 the the DT 34823 5336 16 end end NN 34823 5336 17 of of IN 34823 5336 18 a a DT 34823 5336 19 year year NN 34823 5336 20 , , , 34823 5336 21 receiving receive VBG 34823 5336 22 at at IN 34823 5336 23 that that DT 34823 5336 24 time time NN 34823 5336 25 , , , 34823 5336 26 or or CC 34823 5336 27 in in IN 34823 5336 28 instalments instalment NNS 34823 5336 29 as as IN 34823 5336 30 the the DT 34823 5336 31 work work NN 34823 5336 32 proceeds proceed VBZ 34823 5336 33 , , , 34823 5336 34 a a DT 34823 5336 35 sum sum NN 34823 5336 36 of of IN 34823 5336 37 money money NN 34823 5336 38 , , , 34823 5336 39 is be VBZ 34823 5336 40 not not RB 34823 5336 41 a a DT 34823 5336 42 credit credit NN 34823 5336 43 transaction transaction NN 34823 5336 44 . . . 34823 5337 1 We -PRON- PRP 34823 5337 2 have have VBP 34823 5337 3 , , , 34823 5337 4 however however RB 34823 5337 5 , , , 34823 5337 6 promise promise NN 34823 5337 7 , , , 34823 5337 8 futurity futurity NN 34823 5337 9 , , , 34823 5337 10 and and CC 34823 5337 11 a a DT 34823 5337 12 future future JJ 34823 5337 13 payment payment NN 34823 5337 14 of of IN 34823 5337 15 money money NN 34823 5337 16 all all DT 34823 5337 17 called call VBD 34823 5337 18 for for IN 34823 5337 19 in in IN 34823 5337 20 the the DT 34823 5337 21 contract contract NN 34823 5337 22 . . . 34823 5338 1 On on IN 34823 5338 2 the the DT 34823 5338 3 other other JJ 34823 5338 4 hand hand NN 34823 5338 5 , , , 34823 5338 6 if if IN 34823 5338 7 A a DT 34823 5338 8 sends send VBZ 34823 5338 9 B B NNP 34823 5338 10 a a DT 34823 5338 11 telegraphic telegraphic JJ 34823 5338 12 order order NN 34823 5338 13 for for IN 34823 5338 14 money money NN 34823 5338 15 , , , 34823 5338 16 which which WDT 34823 5338 17 B b NN 34823 5338 18 receives receive VBZ 34823 5338 19 three three CD 34823 5338 20 minutes minute NNS 34823 5338 21 after after IN 34823 5338 22 the the DT 34823 5338 23 money money NN 34823 5338 24 is be VBZ 34823 5338 25 entrusted entrust VBN 34823 5338 26 by by IN 34823 5338 27 A a DT 34823 5338 28 to to IN 34823 5338 29 the the DT 34823 5338 30 telegraph telegraph NN 34823 5338 31 company company NN 34823 5338 32 , , , 34823 5338 33 we -PRON- PRP 34823 5338 34 have have VBP 34823 5338 35 a a DT 34823 5338 36 credit credit NN 34823 5338 37 transaction transaction NN 34823 5338 38 , , , 34823 5338 39 with with IN 34823 5338 40 no no DT 34823 5338 41 element element NN 34823 5338 42 of of IN 34823 5338 43 futurity futurity NN 34823 5338 44 in in IN 34823 5338 45 it -PRON- PRP 34823 5338 46 . . . 34823 5339 1 Certainly certainly RB 34823 5339 2 there there EX 34823 5339 3 is be VBZ 34823 5339 4 less less JJR 34823 5339 5 of of IN 34823 5339 6 futurity futurity NN 34823 5339 7 there there RB 34823 5339 8 than than IN 34823 5339 9 in in IN 34823 5339 10 the the DT 34823 5339 11 case case NN 34823 5339 12 where where WRB 34823 5339 13 a a DT 34823 5339 14 laborer laborer NN 34823 5339 15 , , , 34823 5339 16 working work VBG 34823 5339 17 all all DT 34823 5339 18 day day NN 34823 5339 19 , , , 34823 5339 20 is be VBZ 34823 5339 21 paid pay VBN 34823 5339 22 only only RB 34823 5339 23 at at IN 34823 5339 24 night night NN 34823 5339 25 for for IN 34823 5339 26 work work NN 34823 5339 27 done do VBN 34823 5339 28 in in IN 34823 5339 29 the the DT 34823 5339 30 morning morning NN 34823 5339 31 . . . 34823 5340 1 Futurity futurity NN 34823 5340 2 enters enter VBZ 34823 5340 3 into into IN 34823 5340 4 the the DT 34823 5340 5 values value NNS 34823 5340 6 of of IN 34823 5340 7 all all DT 34823 5340 8 goods good NNS 34823 5340 9 which which WDT 34823 5340 10 are be VBP 34823 5340 11 not not RB 34823 5340 12 destined destine VBN 34823 5340 13 for for IN 34823 5340 14 immediate immediate JJ 34823 5340 15 consumption consumption NN 34823 5340 16 -- -- : 34823 5340 17 capital capital NN 34823 5340 18 values value NNS 34823 5340 19 of of IN 34823 5340 20 long long JJ 34823 5340 21 - - HYPH 34823 5340 22 time time NN 34823 5340 23 goods good NNS 34823 5340 24 are be VBP 34823 5340 25 discounted discount VBN 34823 5340 26 present present JJ 34823 5340 27 worths worth NNS 34823 5340 28 of of IN 34823 5340 29 _ _ NNP 34823 5340 30 future future NN 34823 5340 31 _ _ NNP 34823 5340 32 values value NNS 34823 5340 33 . . . 34823 5341 1 Contracts contract NNS 34823 5341 2 , , , 34823 5341 3 promises promise NNS 34823 5341 4 , , , 34823 5341 5 and and CC 34823 5341 6 beliefs belief NNS 34823 5341 7 in in IN 34823 5341 8 promises promise NNS 34823 5341 9 run run VBN 34823 5341 10 through through IN 34823 5341 11 the the DT 34823 5341 12 whole whole JJ 34823 5341 13 range range NN 34823 5341 14 of of IN 34823 5341 15 economic economic JJ 34823 5341 16 life,--the life,--the XX 34823 5341 17 domestic domestic JJ 34823 5341 18 servant servant NN 34823 5341 19 , , , 34823 5341 20 paid pay VBN 34823 5341 21 weekly weekly JJ 34823 5341 22 , , , 34823 5341 23 illustrates illustrate VBZ 34823 5341 24 all all DT 34823 5341 25 three three CD 34823 5341 26 . . . 34823 5342 1 Yet yet CC 34823 5342 2 only only RB 34823 5342 3 a a DT 34823 5342 4 special special JJ 34823 5342 5 class class NN 34823 5342 6 of of IN 34823 5342 7 these these DT 34823 5342 8 economic economic JJ 34823 5342 9 activities activity NNS 34823 5342 10 are be VBP 34823 5342 11 commonly commonly RB 34823 5342 12 counted count VBN 34823 5342 13 as as IN 34823 5342 14 credit credit NN 34823 5342 15 transactions transaction NNS 34823 5342 16 . . . 34823 5343 1 Credit credit NN 34823 5343 2 is be VBZ 34823 5343 3 really really RB 34823 5343 4 a a DT 34823 5343 5 part part NN 34823 5343 6 of of IN 34823 5343 7 the the DT 34823 5343 8 system system NN 34823 5343 9 of of IN 34823 5343 10 economic economic JJ 34823 5343 11 value value NN 34823 5343 12 relations relation NNS 34823 5343 13 not not RB 34823 5343 14 easily easily RB 34823 5343 15 marked mark VBN 34823 5343 16 off off RP 34823 5343 17 in in IN 34823 5343 18 economic economic JJ 34823 5343 19 nature nature NN 34823 5343 20 from from IN 34823 5343 21 the the DT 34823 5343 22 rest rest NN 34823 5343 23 . . . 34823 5344 1 Its -PRON- PRP$ 34823 5344 2 clearest clear JJS 34823 5344 3 _ _ NNP 34823 5344 4 differentiæ differentiæ NN 34823 5344 5 _ _ NNP 34823 5344 6 are be VBP 34823 5344 7 juridical juridical JJ 34823 5344 8 rather rather RB 34823 5344 9 than than IN 34823 5344 10 economic economic JJ 34823 5344 11 . . . 34823 5345 1 It -PRON- PRP 34823 5345 2 will will MD 34823 5345 3 be be VB 34823 5345 4 the the DT 34823 5345 5 purpose purpose NN 34823 5345 6 of of IN 34823 5345 7 the the DT 34823 5345 8 present present JJ 34823 5345 9 chapter chapter NN 34823 5345 10 , , , 34823 5345 11 in in IN 34823 5345 12 part part NN 34823 5345 13 , , , 34823 5345 14 to to TO 34823 5345 15 blur blur VB 34823 5345 16 , , , 34823 5345 17 rather rather RB 34823 5345 18 than than IN 34823 5345 19 to to TO 34823 5345 20 make make VB 34823 5345 21 precise precise JJ 34823 5345 22 , , , 34823 5345 23 the the DT 34823 5345 24 line line NN 34823 5345 25 between between IN 34823 5345 26 credit credit NN 34823 5345 27 and and CC 34823 5345 28 non non JJ 34823 5345 29 - - JJ 34823 5345 30 credit credit JJ 34823 5345 31 in in IN 34823 5345 32 economic economic JJ 34823 5345 33 phenomena phenomenon NNS 34823 5345 34 , , , 34823 5345 35 and and CC 34823 5345 36 to to TO 34823 5345 37 assimilate assimilate VB 34823 5345 38 the the DT 34823 5345 39 laws law NNS 34823 5345 40 of of IN 34823 5345 41 credit credit NN 34823 5345 42 to to IN 34823 5345 43 the the DT 34823 5345 44 general general JJ 34823 5345 45 laws law NNS 34823 5345 46 of of IN 34823 5345 47 value value NN 34823 5345 48 . . . 34823 5346 1 This this DT 34823 5346 2 will will MD 34823 5346 3 involve involve VB 34823 5346 4 , , , 34823 5346 5 however however RB 34823 5346 6 , , , 34823 5346 7 a a DT 34823 5346 8 careful careful JJ 34823 5346 9 analysis analysis NN 34823 5346 10 and and CC 34823 5346 11 precisioning precisioning NN 34823 5346 12 of of IN 34823 5346 13 certain certain JJ 34823 5346 14 phenomena phenomenon NNS 34823 5346 15 commonly commonly RB 34823 5346 16 counted count VBN 34823 5346 17 as as IN 34823 5346 18 credit credit NN 34823 5346 19 phenomena phenomenon NNS 34823 5346 20 . . . 34823 5347 1 Buying buying NN 34823 5347 2 and and CC 34823 5347 3 selling selling NN 34823 5347 4 on on IN 34823 5347 5 the the DT 34823 5347 6 one one CD 34823 5347 7 hand hand NN 34823 5347 8 ; ; : 34823 5347 9 borrowing borrowing NN 34823 5347 10 and and CC 34823 5347 11 lending lending NN 34823 5347 12 on on IN 34823 5347 13 the the DT 34823 5347 14 other other JJ 34823 5347 15 : : : 34823 5347 16 the the DT 34823 5347 17 distinction distinction NN 34823 5347 18 seems seem VBZ 34823 5347 19 clear clear JJ 34823 5347 20 . . . 34823 5348 1 It -PRON- PRP 34823 5348 2 is be VBZ 34823 5348 3 in in IN 34823 5348 4 law law NN 34823 5348 5 . . . 34823 5349 1 But but CC 34823 5349 2 what what WP 34823 5349 3 is be VBZ 34823 5349 4 it -PRON- PRP 34823 5349 5 in in IN 34823 5349 6 economic economic JJ 34823 5349 7 nature nature NN 34823 5349 8 ? ? . 34823 5350 1 When when WRB 34823 5350 2 a a DT 34823 5350 3 merchant merchant NN 34823 5350 4 discounts discount NNS 34823 5350 5 his -PRON- PRP$ 34823 5350 6 own own JJ 34823 5350 7 note note NN 34823 5350 8 at at IN 34823 5350 9 the the DT 34823 5350 10 bank bank NN 34823 5350 11 , , , 34823 5350 12 it -PRON- PRP 34823 5350 13 is be VBZ 34823 5350 14 borrowing borrow VBG 34823 5350 15 . . . 34823 5351 1 When when WRB 34823 5351 2 he -PRON- PRP 34823 5351 3 discounts discount VBZ 34823 5351 4 the the DT 34823 5351 5 note note NN 34823 5351 6 of of IN 34823 5351 7 another another DT 34823 5351 8 , , , 34823 5351 9 his -PRON- PRP$ 34823 5351 10 debtor debtor NN 34823 5351 11 , , , 34823 5351 12 it -PRON- PRP 34823 5351 13 is be VBZ 34823 5351 14 selling sell VBG 34823 5351 15 . . . 34823 5352 1 If if IN 34823 5352 2 he -PRON- PRP 34823 5352 3 writes write VBZ 34823 5352 4 before before IN 34823 5352 5 his -PRON- PRP$ 34823 5352 6 endorsement endorsement NN 34823 5352 7 of of IN 34823 5352 8 the the DT 34823 5352 9 note note NN 34823 5352 10 , , , 34823 5352 11 " " `` 34823 5352 12 without without IN 34823 5352 13 recourse recourse NN 34823 5352 14 , , , 34823 5352 15 " " '' 34823 5352 16 ( ( -LRB- 34823 5352 17 unusual unusual JJ 34823 5352 18 at at IN 34823 5352 19 a a DT 34823 5352 20 bank bank NN 34823 5352 21 , , , 34823 5352 22 but but CC 34823 5352 23 common common JJ 34823 5352 24 enough enough RB 34823 5352 25 with with IN 34823 5352 26 real real JJ 34823 5352 27 estate estate NN 34823 5352 28 mortgage mortgage NN 34823 5352 29 - - HYPH 34823 5352 30 notes note NNS 34823 5352 31 ) ) -RRB- 34823 5352 32 he -PRON- PRP 34823 5352 33 has have VBZ 34823 5352 34 made make VBN 34823 5352 35 a a DT 34823 5352 36 perfect perfect JJ 34823 5352 37 sale sale NN 34823 5352 38 , , , 34823 5352 39 and and CC 34823 5352 40 is be VBZ 34823 5352 41 entirely entirely RB 34823 5352 42 out out IN 34823 5352 43 of of IN 34823 5352 44 the the DT 34823 5352 45 transaction transaction NN 34823 5352 46 . . . 34823 5353 1 Is be VBZ 34823 5353 2 it -PRON- PRP 34823 5353 3 , , , 34823 5353 4 however however RB 34823 5353 5 , , , 34823 5353 6 in in IN 34823 5353 7 economic economic JJ 34823 5353 8 nature nature NN 34823 5353 9 a a DT 34823 5353 10 different different JJ 34823 5353 11 transaction transaction NN 34823 5353 12 from from IN 34823 5353 13 the the DT 34823 5353 14 original original JJ 34823 5353 15 one one NN 34823 5353 16 in in IN 34823 5353 17 which which WDT 34823 5353 18 he -PRON- PRP 34823 5353 19 got get VBD 34823 5353 20 the the DT 34823 5353 21 note note NN 34823 5353 22 from from IN 34823 5353 23 a a DT 34823 5353 24 borrower borrower NN 34823 5353 25 ? ? . 34823 5354 1 Legally legally RB 34823 5354 2 bonds bond NNS 34823 5354 3 are be VBP 34823 5354 4 credit credit NN 34823 5354 5 instruments instrument NNS 34823 5354 6 , , , 34823 5354 7 and and CC 34823 5354 8 stocks stock NNS 34823 5354 9 are be VBP 34823 5354 10 not not RB 34823 5354 11 . . . 34823 5355 1 Stocks stock NNS 34823 5355 2 represent represent VBP 34823 5355 3 _ _ NNP 34823 5355 4 ownership ownership NN 34823 5355 5 _ _ NNP 34823 5355 6 . . . 34823 5356 1 But but CC 34823 5356 2 practically practically RB 34823 5356 3 , , , 34823 5356 4 as as IN 34823 5356 5 an an DT 34823 5356 6 economic economic JJ 34823 5356 7 matter matter NN 34823 5356 8 , , , 34823 5356 9 both both DT 34823 5356 10 represent represent VBP 34823 5356 11 the the DT 34823 5356 12 alienation alienation NN 34823 5356 13 of of IN 34823 5356 14 control control NN 34823 5356 15 , , , 34823 5356 16 on on IN 34823 5356 17 faith faith NN 34823 5356 18 , , , 34823 5356 19 to to IN 34823 5356 20 a a DT 34823 5356 21 small small JJ 34823 5356 22 group group NN 34823 5356 23 of of IN 34823 5356 24 men man NNS 34823 5356 25 , , , 34823 5356 26 and and CC 34823 5356 27 practically practically RB 34823 5356 28 , , , 34823 5356 29 too too RB 34823 5356 30 , , , 34823 5356 31 the the DT 34823 5356 32 difference difference NN 34823 5356 33 between between IN 34823 5356 34 preferred preferred JJ 34823 5356 35 stocks stock NNS 34823 5356 36 and and CC 34823 5356 37 bonds bond NNS 34823 5356 38 is be VBZ 34823 5356 39 often often RB 34823 5356 40 very very RB 34823 5356 41 slight slight JJ 34823 5356 42 . . . 34823 5357 1 Whatever whatever WDT 34823 5357 2 the the DT 34823 5357 3 legal legal JJ 34823 5357 4 rights right NNS 34823 5357 5 of of IN 34823 5357 6 a a DT 34823 5357 7 bondholder bondholder NN 34823 5357 8 , , , 34823 5357 9 under under IN 34823 5357 10 the the DT 34823 5357 11 terms term NNS 34823 5357 12 of of IN 34823 5357 13 his -PRON- PRP$ 34823 5357 14 contract contract NN 34823 5357 15 , , , 34823 5357 16 the the DT 34823 5357 17 legal legal JJ 34823 5357 18 fact fact NN 34823 5357 19 itself -PRON- PRP 34823 5357 20 often often RB 34823 5357 21 is be VBZ 34823 5357 22 , , , 34823 5357 23 under under IN 34823 5357 24 the the DT 34823 5357 25 growing grow VBG 34823 5357 26 practice practice NN 34823 5357 27 of of IN 34823 5357 28 receiverships receivership NNS 34823 5357 29 , , , 34823 5357 30 that that IN 34823 5357 31 he -PRON- PRP 34823 5357 32 can can MD 34823 5357 33 not not RB 34823 5357 34 exercise exercise VB 34823 5357 35 his -PRON- PRP$ 34823 5357 36 right right NN 34823 5357 37 to to TO 34823 5357 38 foreclose foreclose VB 34823 5357 39 without without IN 34823 5357 40 such such JJ 34823 5357 41 difficulty difficulty NN 34823 5357 42 that that IN 34823 5357 43 it -PRON- PRP 34823 5357 44 does do VBZ 34823 5357 45 n't not RB 34823 5357 46 pay pay VB 34823 5357 47 to to TO 34823 5357 48 do do VB 34823 5357 49 it -PRON- PRP 34823 5357 50 . . . 34823 5358 1 Very very RB 34823 5358 2 frequently frequently RB 34823 5358 3 indeed indeed RB 34823 5358 4 the the DT 34823 5358 5 junior junior JJ 34823 5358 6 bondholder bondholder NN 34823 5358 7 will will MD 34823 5358 8 come come VB 34823 5358 9 out out IN 34823 5358 10 of of IN 34823 5358 11 a a DT 34823 5358 12 reorganization reorganization NN 34823 5358 13 as as RB 34823 5358 14 simply simply RB 34823 5358 15 a a DT 34823 5358 16 preferred preferred JJ 34823 5358 17 stockholder stockholder NN 34823 5358 18 -- -- : 34823 5358 19 which which WDT 34823 5358 20 is be VBZ 34823 5358 21 what what WP 34823 5358 22 he -PRON- PRP 34823 5358 23 practically practically RB 34823 5358 24 was be VBD 34823 5358 25 all all PDT 34823 5358 26 the the DT 34823 5358 27 time time NN 34823 5358 28 . . . 34823 5359 1 He -PRON- PRP 34823 5359 2 could could MD 34823 5359 3 n't not RB 34823 5359 4 vote vote VB 34823 5359 5 as as IN 34823 5359 6 a a DT 34823 5359 7 bondholder bondholder NN 34823 5359 8 , , , 34823 5359 9 but but CC 34823 5359 10 his -PRON- PRP$ 34823 5359 11 voting voting NN 34823 5359 12 rights right NNS 34823 5359 13 as as IN 34823 5359 14 a a DT 34823 5359 15 stockholder stockholder NN 34823 5359 16 commonly commonly RB 34823 5359 17 mean mean VB 34823 5359 18 little little JJ 34823 5359 19 ! ! . 34823 5360 1 As as IN 34823 5360 2 a a DT 34823 5360 3 bondholder bondholder NN 34823 5360 4 , , , 34823 5360 5 if if IN 34823 5360 6 he -PRON- PRP 34823 5360 7 held hold VBD 34823 5360 8 enough enough JJ 34823 5360 9 bonds bond NNS 34823 5360 10 , , , 34823 5360 11 he -PRON- PRP 34823 5360 12 might may MD 34823 5360 13 even even RB 34823 5360 14 have have VB 34823 5360 15 more more JJR 34823 5360 16 influence influence NN 34823 5360 17 on on IN 34823 5360 18 the the DT 34823 5360 19 affairs affair NNS 34823 5360 20 of of IN 34823 5360 21 the the DT 34823 5360 22 corporation corporation NN 34823 5360 23 than than IN 34823 5360 24 as as IN 34823 5360 25 a a DT 34823 5360 26 stockholder stockholder NN 34823 5360 27 . . . 34823 5361 1 The the DT 34823 5361 2 market market NN 34823 5361 3 is be VBZ 34823 5361 4 moved move VBN 34823 5361 5 by by IN 34823 5361 6 other other JJ 34823 5361 7 forces force NNS 34823 5361 8 than than IN 34823 5361 9 the the DT 34823 5361 10 legal legal JJ 34823 5361 11 distinctions distinction NNS 34823 5361 12 in in IN 34823 5361 13 corporate corporate JJ 34823 5361 14 contracts contract NNS 34823 5361 15 ! ! . 34823 5362 1 And and CC 34823 5362 2 market market NN 34823 5362 3 facts fact NNS 34823 5362 4 are be VBP 34823 5362 5 not not RB 34823 5362 6 necessarily necessarily RB 34823 5362 7 correctly correctly RB 34823 5362 8 told tell VBN 34823 5362 9 by by IN 34823 5362 10 the the DT 34823 5362 11 accountant accountant NN 34823 5362 12 's 's POS 34823 5362 13 categories category NNS 34823 5362 14 either either RB 34823 5362 15 . . . 34823 5363 1 I -PRON- PRP 34823 5363 2 shall shall MD 34823 5363 3 trouble trouble VB 34823 5363 4 myself -PRON- PRP 34823 5363 5 little little JJ 34823 5363 6 , , , 34823 5363 7 in in IN 34823 5363 8 what what WP 34823 5363 9 follows follow VBZ 34823 5363 10 , , , 34823 5363 11 with with IN 34823 5363 12 the the DT 34823 5363 13 juridical juridical JJ 34823 5363 14 and and CC 34823 5363 15 accountancy accountancy NN 34823 5363 16 problems problem NNS 34823 5363 17 of of IN 34823 5363 18 credit credit NN 34823 5363 19 , , , 34823 5363 20 save save VB 34823 5363 21 in in IN 34823 5363 22 so so RB 34823 5363 23 far far RB 34823 5363 24 as as IN 34823 5363 25 these these DT 34823 5363 26 bear bear VBP 34823 5363 27 directly directly RB 34823 5363 28 on on IN 34823 5363 29 the the DT 34823 5363 30 more more RBR 34823 5363 31 pertinent pertinent JJ 34823 5363 32 economic economic JJ 34823 5363 33 aspects aspect NNS 34823 5363 34 of of IN 34823 5363 35 the the DT 34823 5363 36 matter matter NN 34823 5363 37 . . . 34823 5364 1 I -PRON- PRP 34823 5364 2 am be VBP 34823 5364 3 interested interested JJ 34823 5364 4 in in IN 34823 5364 5 the the DT 34823 5364 6 question question NN 34823 5364 7 of of IN 34823 5364 8 credit credit NN 34823 5364 9 as as IN 34823 5364 10 a a DT 34823 5364 11 part part NN 34823 5364 12 of of IN 34823 5364 13 the the DT 34823 5364 14 problem problem NN 34823 5364 15 of of IN 34823 5364 16 value value NN 34823 5364 17 and and CC 34823 5364 18 prices price NNS 34823 5364 19 -- -- : 34823 5364 20 and and CC 34823 5364 21 particularly particularly RB 34823 5364 22 from from IN 34823 5364 23 the the DT 34823 5364 24 standpoint standpoint NN 34823 5364 25 of of IN 34823 5364 26 the the DT 34823 5364 27 problem problem NN 34823 5364 28 of of IN 34823 5364 29 the the DT 34823 5364 30 value value NN 34823 5364 31 of of IN 34823 5364 32 money money NN 34823 5364 33 . . . 34823 5365 1 What what WDT 34823 5365 2 difference difference NN 34823 5365 3 is be VBZ 34823 5365 4 made make VBN 34823 5365 5 in in IN 34823 5365 6 values value NNS 34823 5365 7 and and CC 34823 5365 8 prices price NNS 34823 5365 9 by by IN 34823 5365 10 lending lending NN 34823 5365 11 and and CC 34823 5365 12 borrowing borrowing NN 34823 5365 13 ? ? . 34823 5366 1 What what WDT 34823 5366 2 kinds kind NNS 34823 5366 3 of of IN 34823 5366 4 lending lending NN 34823 5366 5 and and CC 34823 5366 6 borrowing borrowing NN 34823 5366 7 are be VBP 34823 5366 8 there there RB 34823 5366 9 ? ? . 34823 5367 1 What what WP 34823 5367 2 shall shall MD 34823 5367 3 we -PRON- PRP 34823 5367 4 say say VB 34823 5367 5 of of IN 34823 5367 6 bank bank NN 34823 5367 7 - - HYPH 34823 5367 8 notes note NNS 34823 5367 9 , , , 34823 5367 10 of of IN 34823 5367 11 bank bank NN 34823 5367 12 - - HYPH 34823 5367 13 deposits deposit NNS 34823 5367 14 , , , 34823 5367 15 of of IN 34823 5367 16 bills bill NNS 34823 5367 17 of of IN 34823 5367 18 exchange exchange NN 34823 5367 19 ? ? . 34823 5368 1 What what WDT 34823 5368 2 difference difference NN 34823 5368 3 is be VBZ 34823 5368 4 made make VBN 34823 5368 5 by by IN 34823 5368 6 the the DT 34823 5368 7 money money NN 34823 5368 8 market market NN 34823 5368 9 ? ? . 34823 5369 1 Behind behind IN 34823 5369 2 the the DT 34823 5369 3 legal legal JJ 34823 5369 4 forms form NNS 34823 5369 5 and and CC 34823 5369 6 the the DT 34823 5369 7 technical technical JJ 34823 5369 8 methods method NNS 34823 5369 9 , , , 34823 5369 10 what what WP 34823 5369 11 are be VBP 34823 5369 12 the the DT 34823 5369 13 psychological psychological JJ 34823 5369 14 forces force NNS 34823 5369 15 at at IN 34823 5369 16 work work NN 34823 5369 17 ? ? . 34823 5370 1 How how WRB 34823 5370 2 are be VBP 34823 5370 3 these these DT 34823 5370 4 psychological psychological JJ 34823 5370 5 forces force NNS 34823 5370 6 modified modify VBN 34823 5370 7 by by IN 34823 5370 8 the the DT 34823 5370 9 technical technical JJ 34823 5370 10 forms form NNS 34823 5370 11 and and CC 34823 5370 12 methods method NNS 34823 5370 13 ? ? . 34823 5371 1 What what WP 34823 5371 2 are be VBP 34823 5371 3 the the DT 34823 5371 4 economic economic JJ 34823 5371 5 differences difference NNS 34823 5371 6 between between IN 34823 5371 7 long long JJ 34823 5371 8 and and CC 34823 5371 9 short short JJ 34823 5371 10 time time NN 34823 5371 11 loans loan NNS 34823 5371 12 ? ? . 34823 5372 1 How how WRB 34823 5372 2 shall shall MD 34823 5372 3 we -PRON- PRP 34823 5372 4 draw draw VB 34823 5372 5 the the DT 34823 5372 6 distinction distinction NN 34823 5372 7 between between IN 34823 5372 8 the the DT 34823 5372 9 " " `` 34823 5372 10 money money NN 34823 5372 11 - - HYPH 34823 5372 12 rates rate NNS 34823 5372 13 " " '' 34823 5372 14 and and CC 34823 5372 15 the the DT 34823 5372 16 long long JJ 34823 5372 17 time time NN 34823 5372 18 interest interest NN 34823 5372 19 rate rate NN 34823 5372 20 on on IN 34823 5372 21 " " `` 34823 5372 22 capital capital NN 34823 5372 23 ? ? . 34823 5372 24 " " '' 34823 5373 1 Why why WRB 34823 5373 2 can can MD 34823 5373 3 some some DT 34823 5373 4 things thing NNS 34823 5373 5 serve serve VB 34823 5373 6 as as IN 34823 5373 7 collateral collateral NN 34823 5373 8 in in IN 34823 5373 9 the the DT 34823 5373 10 money money NN 34823 5373 11 market market NN 34823 5373 12 when when WRB 34823 5373 13 others other NNS 34823 5373 14 can can MD 34823 5373 15 not not RB 34823 5373 16 ? ? . 34823 5374 1 What what WP 34823 5374 2 sorts sort NNS 34823 5374 3 of of IN 34823 5374 4 credit credit NN 34823 5374 5 are be VBP 34823 5374 6 appropriate appropriate JJ 34823 5374 7 to to IN 34823 5374 8 commerce commerce NN 34823 5374 9 , , , 34823 5374 10 to to IN 34823 5374 11 manufacturing manufacturing NN 34823 5374 12 , , , 34823 5374 13 to to IN 34823 5374 14 agriculture agriculture NN 34823 5374 15 ? ? . 34823 5375 1 Is be VBZ 34823 5375 2 credit credit NN 34823 5375 3 capital capital NN 34823 5375 4 ? ? . 34823 5376 1 Is be VBZ 34823 5376 2 an an DT 34823 5376 3 increase increase NN 34823 5376 4 in in IN 34823 5376 5 credit credit NN 34823 5376 6 an an DT 34823 5376 7 increase increase NN 34823 5376 8 in in IN 34823 5376 9 values value NNS 34823 5376 10 ? ? . 34823 5377 1 The the DT 34823 5377 2 last last JJ 34823 5377 3 two two CD 34823 5377 4 of of IN 34823 5377 5 these these DT 34823 5377 6 questions question NNS 34823 5377 7 imply imply VBP 34823 5377 8 that that IN 34823 5377 9 we -PRON- PRP 34823 5377 10 have have VBP 34823 5377 11 a a DT 34823 5377 12 definition definition NN 34823 5377 13 of of IN 34823 5377 14 credit credit NN 34823 5377 15 . . . 34823 5378 1 Perhaps perhaps RB 34823 5378 2 the the DT 34823 5378 3 answers answer NNS 34823 5378 4 to to IN 34823 5378 5 some some DT 34823 5378 6 of of IN 34823 5378 7 the the DT 34823 5378 8 other other JJ 34823 5378 9 questions question NNS 34823 5378 10 may may MD 34823 5378 11 have have VB 34823 5378 12 given give VBN 34823 5378 13 us -PRON- PRP 34823 5378 14 such such PDT 34823 5378 15 a a DT 34823 5378 16 definition definition NN 34823 5378 17 . . . 34823 5379 1 But but CC 34823 5379 2 analysis analysis NN 34823 5379 3 and and CC 34823 5379 4 description description NN 34823 5379 5 will will MD 34823 5379 6 precede precede VB 34823 5379 7 definition definition NN 34823 5379 8 . . . 34823 5380 1 The the DT 34823 5380 2 etymology etymology NN 34823 5380 3 of of IN 34823 5380 4 " " `` 34823 5380 5 credit credit NN 34823 5380 6 " " '' 34823 5380 7 has have VBZ 34823 5380 8 sometimes sometimes RB 34823 5380 9 been be VBN 34823 5380 10 taken take VBN 34823 5380 11 as as IN 34823 5380 12 the the DT 34823 5380 13 clue clue NN 34823 5380 14 to to IN 34823 5380 15 the the DT 34823 5380 16 meaning meaning NN 34823 5380 17 of of IN 34823 5380 18 the the DT 34823 5380 19 word word NN 34823 5380 20 for for IN 34823 5380 21 economics economic NNS 34823 5380 22 , , , 34823 5380 23 and and CC 34823 5380 24 the the DT 34823 5380 25 idea idea NN 34823 5380 26 of of IN 34823 5380 27 confidence confidence NN 34823 5380 28 , , , 34823 5380 29 or or CC 34823 5380 30 belief belief NN 34823 5380 31 , , , 34823 5380 32 has have VBZ 34823 5380 33 been be VBN 34823 5380 34 made make VBN 34823 5380 35 the the DT 34823 5380 36 heart heart NN 34823 5380 37 of of IN 34823 5380 38 the the DT 34823 5380 39 matter matter NN 34823 5380 40 . . . 34823 5381 1 A a DT 34823 5381 2 man man NN 34823 5381 3 has have VBZ 34823 5381 4 good good JJ 34823 5381 5 credit credit NN 34823 5381 6 when when WRB 34823 5381 7 others other NNS 34823 5381 8 have have VBP 34823 5381 9 confidence confidence NN 34823 5381 10 in in IN 34823 5381 11 his -PRON- PRP$ 34823 5381 12 integrity integrity NN 34823 5381 13 , , , 34823 5381 14 etc etc FW 34823 5381 15 . . . 34823 5382 1 Men man NNS 34823 5382 2 lend lend VBP 34823 5382 3 to to IN 34823 5382 4 others other NNS 34823 5382 5 when when WRB 34823 5382 6 they -PRON- PRP 34823 5382 7 can can MD 34823 5382 8 trust trust VB 34823 5382 9 them -PRON- PRP 34823 5382 10 to to TO 34823 5382 11 repay repay VB 34823 5382 12 . . . 34823 5383 1 Doubtless doubtless JJ 34823 5383 2 something something NN 34823 5383 3 of of IN 34823 5383 4 this this DT 34823 5383 5 sort sort NN 34823 5383 6 was be VBD 34823 5383 7 responsible responsible JJ 34823 5383 8 for for IN 34823 5383 9 the the DT 34823 5383 10 original original JJ 34823 5383 11 choice choice NN 34823 5383 12 of of IN 34823 5383 13 the the DT 34823 5383 14 word word NN 34823 5383 15 . . . 34823 5384 1 But but CC 34823 5384 2 when when WRB 34823 5384 3 loans loan NNS 34823 5384 4 are be VBP 34823 5384 5 made make VBN 34823 5384 6 on on IN 34823 5384 7 good good JJ 34823 5384 8 mortgage mortgage NN 34823 5384 9 security security NN 34823 5384 10 , , , 34823 5384 11 or or CC 34823 5384 12 on on IN 34823 5384 13 collateral collateral JJ 34823 5384 14 security security NN 34823 5384 15 , , , 34823 5384 16 the the DT 34823 5384 17 personality personality NN 34823 5384 18 of of IN 34823 5384 19 the the DT 34823 5384 20 borrower borrower NN 34823 5384 21 may may MD 34823 5384 22 count count VB 34823 5384 23 for for IN 34823 5384 24 little little JJ 34823 5384 25 or or CC 34823 5384 26 nothing nothing NN 34823 5384 27 . . . 34823 5385 1 Confidence confidence NN 34823 5385 2 there there EX 34823 5385 3 is be VBZ 34823 5385 4 , , , 34823 5385 5 but but CC 34823 5385 6 not not RB 34823 5385 7 confidence confidence NN 34823 5385 8 in in IN 34823 5385 9 the the DT 34823 5385 10 intentions intention NNS 34823 5385 11 of of IN 34823 5385 12 the the DT 34823 5385 13 borrower borrower NN 34823 5385 14 . . . 34823 5386 1 The the DT 34823 5386 2 confidence confidence NN 34823 5386 3 is be VBZ 34823 5386 4 in in IN 34823 5386 5 the the DT 34823 5386 6 " " `` 34823 5386 7 goodness goodness NN 34823 5386 8 " " '' 34823 5386 9 ( ( -LRB- 34823 5386 10 _ _ NNP 34823 5386 11 i i PRP 34823 5386 12 . . . 34823 5387 1 e. e. NNP 34823 5387 2 _ _ NNP 34823 5387 3 , , , 34823 5387 4 the the DT 34823 5387 5 value value NN 34823 5387 6 and and CC 34823 5387 7 marketability marketability NN 34823 5387 8 ) ) -RRB- 34823 5387 9 of of IN 34823 5387 10 the the DT 34823 5387 11 collateral collateral NN 34823 5387 12 . . . 34823 5388 1 The the DT 34823 5388 2 same same JJ 34823 5388 3 questions question NNS 34823 5388 4 are be VBP 34823 5388 5 raised raise VBN 34823 5388 6 by by IN 34823 5388 7 the the DT 34823 5388 8 lender lender NN 34823 5388 9 here here RB 34823 5388 10 which which WDT 34823 5388 11 he -PRON- PRP 34823 5388 12 would would MD 34823 5388 13 raise raise VB 34823 5388 14 if if IN 34823 5388 15 he -PRON- PRP 34823 5388 16 were be VBD 34823 5388 17 going go VBG 34823 5388 18 to to TO 34823 5388 19 buy buy VB 34823 5388 20 the the DT 34823 5388 21 thing thing NN 34823 5388 22 , , , 34823 5388 23 instead instead RB 34823 5388 24 of of IN 34823 5388 25 lending lend VBG 34823 5388 26 with with IN 34823 5388 27 it -PRON- PRP 34823 5388 28 as as IN 34823 5388 29 security security NN 34823 5388 30 . . . 34823 5389 1 None none NN 34823 5389 2 the the DT 34823 5389 3 less less RBR 34823 5389 4 , , , 34823 5389 5 I -PRON- PRP 34823 5389 6 think think VBP 34823 5389 7 that that IN 34823 5389 8 in in IN 34823 5389 9 the the DT 34823 5389 10 etymology etymology NN 34823 5389 11 of of IN 34823 5389 12 the the DT 34823 5389 13 word word NN 34823 5389 14 we -PRON- PRP 34823 5389 15 have have VBP 34823 5389 16 an an DT 34823 5389 17 important important JJ 34823 5389 18 clue clue NN 34823 5389 19 . . . 34823 5390 1 We -PRON- PRP 34823 5390 2 must must MD 34823 5390 3 generalize generalize VB 34823 5390 4 the the DT 34823 5390 5 notion notion NN 34823 5390 6 , , , 34823 5390 7 however however RB 34823 5390 8 , , , 34823 5390 9 beyond beyond IN 34823 5390 10 the the DT 34823 5390 11 limits limit NNS 34823 5390 12 of of IN 34823 5390 13 confidence confidence NN 34823 5390 14 in in IN 34823 5390 15 personal personal JJ 34823 5390 16 intentions intention NNS 34823 5390 17 . . . 34823 5391 1 It -PRON- PRP 34823 5391 2 involves involve VBZ 34823 5391 3 confidence confidence NN 34823 5391 4 in in IN 34823 5391 5 the the DT 34823 5391 6 general general JJ 34823 5391 7 economic economic JJ 34823 5391 8 situation situation NN 34823 5391 9 , , , 34823 5391 10 in in IN 34823 5391 11 the the DT 34823 5391 12 future future NN 34823 5391 13 of of IN 34823 5391 14 business business NN 34823 5391 15 , , , 34823 5391 16 in in IN 34823 5391 17 the the DT 34823 5391 18 permanence permanence NN 34823 5391 19 of of IN 34823 5391 20 values value NNS 34823 5391 21 , , , 34823 5391 22 in in IN 34823 5391 23 the the DT 34823 5391 24 certainty certainty NN 34823 5391 25 of of IN 34823 5391 26 future future JJ 34823 5391 27 incomes income NNS 34823 5391 28 , , , 34823 5391 29 etc etc FW 34823 5391 30 . . . 34823 5392 1 Thus thus RB 34823 5392 2 viewed view VBN 34823 5392 3 , , , 34823 5392 4 the the DT 34823 5392 5 element element NN 34823 5392 6 of of IN 34823 5392 7 confidence confidence NN 34823 5392 8 , , , 34823 5392 9 though though IN 34823 5392 10 important important JJ 34823 5392 11 in in IN 34823 5392 12 highest high JJS 34823 5392 13 degree degree NN 34823 5392 14 , , , 34823 5392 15 is be VBZ 34823 5392 16 not not RB 34823 5392 17 peculiar peculiar JJ 34823 5392 18 to to IN 34823 5392 19 the the DT 34823 5392 20 phenomena phenomenon NNS 34823 5392 21 which which WDT 34823 5392 22 we -PRON- PRP 34823 5392 23 call call VBP 34823 5392 24 credit credit NN 34823 5392 25 phenomena phenomenon NNS 34823 5392 26 in in IN 34823 5392 27 economics economic NNS 34823 5392 28 . . . 34823 5393 1 It -PRON- PRP 34823 5393 2 appears appear VBZ 34823 5393 3 wherever wherever WRB 34823 5393 4 there there EX 34823 5393 5 are be VBP 34823 5393 6 values value NNS 34823 5393 7 which which WDT 34823 5393 8 depend depend VBP 34823 5393 9 on on IN 34823 5393 10 future future JJ 34823 5393 11 events event NNS 34823 5393 12 . . . 34823 5394 1 One one NN 34823 5394 2 does do VBZ 34823 5394 3 not not RB 34823 5394 4 need need VB 34823 5394 5 much much JJ 34823 5394 6 confidence confidence NN 34823 5394 7 in in IN 34823 5394 8 buying buy VBG 34823 5394 9 potatoes potato NNS 34823 5394 10 or or CC 34823 5394 11 apples apple NNS 34823 5394 12 or or CC 34823 5394 13 meat meat NN 34823 5394 14 -- -- : 34823 5394 15 though though IN 34823 5394 16 in in IN 34823 5394 17 the the DT 34823 5394 18 case case NN 34823 5394 19 of of IN 34823 5394 20 meat meat NN 34823 5394 21 quite quite PDT 34823 5394 22 a a DT 34823 5394 23 lot lot NN 34823 5394 24 of of IN 34823 5394 25 confidence confidence NN 34823 5394 26 may may MD 34823 5394 27 be be VB 34823 5394 28 involved involve VBN 34823 5394 29 -- -- : 34823 5394 30 and and CC 34823 5394 31 misplaced misplace VBN 34823 5394 32 ! ! . 34823 5395 1 But but CC 34823 5395 2 whenever whenever WRB 34823 5395 3 the the DT 34823 5395 4 future future NN 34823 5395 5 is be VBZ 34823 5395 6 involved involve VBN 34823 5395 7 , , , 34823 5395 8 whenever whenever WRB 34823 5395 9 capital capital NN 34823 5395 10 values value NNS 34823 5395 11 of of IN 34823 5395 12 any any DT 34823 5395 13 kind kind NN 34823 5395 14 are be VBP 34823 5395 15 involved involve VBN 34823 5395 16 -- -- : 34823 5395 17 lands land NNS 34823 5395 18 , , , 34823 5395 19 stocks stock NNS 34823 5395 20 , , , 34823 5395 21 bonds bond NNS 34823 5395 22 , , , 34823 5395 23 houses house NNS 34823 5395 24 , , , 34823 5395 25 horses horse NNS 34823 5395 26 , , , 34823 5395 27 manufacturing manufacturing NN 34823 5395 28 equipment equipment NN 34823 5395 29 , , , 34823 5395 30 etc.--the etc.--the DT 34823 5395 31 element element NN 34823 5395 32 of of IN 34823 5395 33 belief belief NN 34823 5395 34 , , , 34823 5395 35 confidence confidence NN 34823 5395 36 , , , 34823 5395 37 hopeful hopeful JJ 34823 5395 38 attitude attitude NN 34823 5395 39 toward toward IN 34823 5395 40 the the DT 34823 5395 41 future future NN 34823 5395 42 , , , 34823 5395 43 is be VBZ 34823 5395 44 quite quite RB 34823 5395 45 as as RB 34823 5395 46 much much JJ 34823 5395 47 present present JJ 34823 5395 48 as as IN 34823 5395 49 in in IN 34823 5395 50 the the DT 34823 5395 51 case case NN 34823 5395 52 of of IN 34823 5395 53 a a DT 34823 5395 54 loan loan NN 34823 5395 55 . . . 34823 5396 1 Nor nor CC 34823 5396 2 is be VBZ 34823 5396 3 the the DT 34823 5396 4 element element NN 34823 5396 5 of of IN 34823 5396 6 personal personal JJ 34823 5396 7 confidence confidence NN 34823 5396 8 less less RBR 34823 5396 9 present present JJ 34823 5396 10 , , , 34823 5396 11 often often RB 34823 5396 12 , , , 34823 5396 13 in in IN 34823 5396 14 these these DT 34823 5396 15 things thing NNS 34823 5396 16 than than IN 34823 5396 17 in in IN 34823 5396 18 the the DT 34823 5396 19 case case NN 34823 5396 20 of of IN 34823 5396 21 a a DT 34823 5396 22 loan loan NN 34823 5396 23 . . . 34823 5397 1 Very very RB 34823 5397 2 often often RB 34823 5397 3 the the DT 34823 5397 4 value value NN 34823 5397 5 of of IN 34823 5397 6 a a DT 34823 5397 7 horse horse NN 34823 5397 8 may may MD 34823 5397 9 depend depend VB 34823 5397 10 in in IN 34823 5397 11 considerable considerable JJ 34823 5397 12 degree degree NN 34823 5397 13 on on IN 34823 5397 14 the the DT 34823 5397 15 integrity integrity NN 34823 5397 16 of of IN 34823 5397 17 the the DT 34823 5397 18 man man NN 34823 5397 19 who who WP 34823 5397 20 offers offer VBZ 34823 5397 21 it -PRON- PRP 34823 5397 22 for for IN 34823 5397 23 sale sale NN 34823 5397 24 ; ; : 34823 5397 25 the the DT 34823 5397 26 value value NN 34823 5397 27 of of IN 34823 5397 28 a a DT 34823 5397 29 piece piece NN 34823 5397 30 of of IN 34823 5397 31 land land NN 34823 5397 32 may may MD 34823 5397 33 be be VB 34823 5397 34 much much RB 34823 5397 35 enhanced enhance VBN 34823 5397 36 if if IN 34823 5397 37 a a DT 34823 5397 38 trustworthy trustworthy JJ 34823 5397 39 owner owner NN 34823 5397 40 makes make VBZ 34823 5397 41 certain certain JJ 34823 5397 42 statements statement NNS 34823 5397 43 as as IN 34823 5397 44 to to IN 34823 5397 45 the the DT 34823 5397 46 yields yield NNS 34823 5397 47 he -PRON- PRP 34823 5397 48 has have VBZ 34823 5397 49 got get VBN 34823 5397 50 from from IN 34823 5397 51 it -PRON- PRP 34823 5397 52 ; ; : 34823 5397 53 the the DT 34823 5397 54 values value NNS 34823 5397 55 of of IN 34823 5397 56 stocks stock NNS 34823 5397 57 ( ( -LRB- 34823 5397 58 really really RB 34823 5397 59 credit credit NN 34823 5397 60 instruments instrument NNS 34823 5397 61 , , , 34823 5397 62 from from IN 34823 5397 63 the the DT 34823 5397 64 angle angle NN 34823 5397 65 of of IN 34823 5397 66 economic economic JJ 34823 5397 67 analysis analysis NN 34823 5397 68 ) ) -RRB- 34823 5397 69 may may MD 34823 5397 70 depend depend VB 34823 5397 71 very very RB 34823 5397 72 much much RB 34823 5397 73 on on IN 34823 5397 74 the the DT 34823 5397 75 personality personality NN 34823 5397 76 of of IN 34823 5397 77 the the DT 34823 5397 78 organizers organizer NNS 34823 5397 79 and and CC 34823 5397 80 managers manager NNS 34823 5397 81 of of IN 34823 5397 82 a a DT 34823 5397 83 corporation corporation NN 34823 5397 84 . . . 34823 5398 1 Personal personal JJ 34823 5398 2 prestiges prestige NNS 34823 5398 3 may may MD 34823 5398 4 count count VB 34823 5398 5 for for IN 34823 5398 6 much much RB 34823 5398 7 more more JJR 34823 5398 8 in in IN 34823 5398 9 these these DT 34823 5398 10 cases case NNS 34823 5398 11 than than IN 34823 5398 12 in in IN 34823 5398 13 the the DT 34823 5398 14 case case NN 34823 5398 15 of of IN 34823 5398 16 a a DT 34823 5398 17 collateral collateral JJ 34823 5398 18 loan loan NN 34823 5398 19 . . . 34823 5399 1 Further further RB 34823 5399 2 , , , 34823 5399 3 in in IN 34823 5399 4 connection connection NN 34823 5399 5 with with IN 34823 5399 6 the the DT 34823 5399 7 element element NN 34823 5399 8 of of IN 34823 5399 9 belief belief NN 34823 5399 10 , , , 34823 5399 11 or or CC 34823 5399 12 confidence confidence NN 34823 5399 13 . . . 34823 5400 1 Borrowing borrowing NN 34823 5400 2 is be VBZ 34823 5400 3 expensive expensive JJ 34823 5400 4 , , , 34823 5400 5 and and CC 34823 5400 6 men man NNS 34823 5400 7 do do VBP 34823 5400 8 not not RB 34823 5400 9 borrow borrow VB 34823 5400 10 for for IN 34823 5400 11 amusement amusement NN 34823 5400 12 . . . 34823 5401 1 That that DT 34823 5401 2 borrowing borrowing NN 34823 5401 3 and and CC 34823 5401 4 lending lending NN 34823 5401 5 may may MD 34823 5401 6 increase increase VB 34823 5401 7 , , , 34823 5401 8 it -PRON- PRP 34823 5401 9 is be VBZ 34823 5401 10 not not RB 34823 5401 11 enough enough JJ 34823 5401 12 that that IN 34823 5401 13 lenders lender NNS 34823 5401 14 have have VBP 34823 5401 15 confidence confidence NN 34823 5401 16 in in IN 34823 5401 17 the the DT 34823 5401 18 ability ability NN 34823 5401 19 of of IN 34823 5401 20 borrowers borrower NNS 34823 5401 21 to to TO 34823 5401 22 repay repay VB 34823 5401 23 . . . 34823 5402 1 Borrowers borrower NNS 34823 5402 2 must must MD 34823 5402 3 also also RB 34823 5402 4 have have VB 34823 5402 5 confidence confidence NN 34823 5402 6 in in IN 34823 5402 7 the the DT 34823 5402 8 future future NN 34823 5402 9 of of IN 34823 5402 10 their -PRON- PRP$ 34823 5402 11 businesses business NNS 34823 5402 12 , , , 34823 5402 13 in in IN 34823 5402 14 their -PRON- PRP$ 34823 5402 15 ability ability NN 34823 5402 16 to to TO 34823 5402 17 make make VB 34823 5402 18 enough enough JJ 34823 5402 19 out out IN 34823 5402 20 of of IN 34823 5402 21 the the DT 34823 5402 22 loan loan NN 34823 5402 23 to to TO 34823 5402 24 pay pay VB 34823 5402 25 the the DT 34823 5402 26 expense expense NN 34823 5402 27 involved involve VBN 34823 5402 28 , , , 34823 5402 29 and and CC 34823 5402 30 have have VBP 34823 5402 31 a a DT 34823 5402 32 surplus surplus NN 34823 5402 33 left leave VBN 34823 5402 34 over over RP 34823 5402 35 . . . 34823 5403 1 I -PRON- PRP 34823 5403 2 abstract abstract VBP 34823 5403 3 here here RB 34823 5403 4 from from IN 34823 5403 5 consumption consumption NN 34823 5403 6 loans loan NNS 34823 5403 7 . . . 34823 5404 1 They -PRON- PRP 34823 5404 2 play play VBP 34823 5404 3 a a DT 34823 5404 4 very very RB 34823 5404 5 minor minor JJ 34823 5404 6 rôle rôle NN 34823 5404 7 . . . 34823 5405 1 [ [ -LRB- 34823 5405 2 504 504 CD 34823 5405 3 ] ] -RRB- 34823 5405 4 The the DT 34823 5405 5 analysis analysis NN 34823 5405 6 in in IN 34823 5405 7 an an DT 34823 5405 8 earlier early JJR 34823 5405 9 chapter chapter NN 34823 5405 10 , , , 34823 5405 11 based base VBN 34823 5405 12 on on IN 34823 5405 13 Kinley Kinley NNP 34823 5405 14 's 's POS 34823 5405 15 figures figure NNS 34823 5405 16 , , , 34823 5405 17 showing show VBG 34823 5405 18 that that IN 34823 5405 19 retail retail JJ 34823 5405 20 trade trade NN 34823 5405 21 is be VBZ 34823 5405 22 less less JJR 34823 5405 23 than than IN 34823 5405 24 one one CD 34823 5405 25 - - HYPH 34823 5405 26 eleventh eleventh NN 34823 5405 27 of of IN 34823 5405 28 the the DT 34823 5405 29 total total JJ 34823 5405 30 pecuniary pecuniary JJ 34823 5405 31 transactions transaction NNS 34823 5405 32 in in IN 34823 5405 33 1909 1909 CD 34823 5405 34 , , , 34823 5405 35 and and CC 34823 5405 36 that that IN 34823 5405 37 the the DT 34823 5405 38 percentage percentage NN 34823 5405 39 of of IN 34823 5405 40 credit credit NN 34823 5405 41 instruments instrument NNS 34823 5405 42 used use VBN 34823 5405 43 in in IN 34823 5405 44 retail retail JJ 34823 5405 45 trade trade NN 34823 5405 46 is be VBZ 34823 5405 47 much much RB 34823 5405 48 lower low JJR 34823 5405 49 than than IN 34823 5405 50 in in IN 34823 5405 51 other other JJ 34823 5405 52 transactions transaction NNS 34823 5405 53 , , , 34823 5405 54 will will MD 34823 5405 55 justify justify VB 34823 5405 56 us -PRON- PRP 34823 5405 57 , , , 34823 5405 58 when when WRB 34823 5405 59 quantitative quantitative JJ 34823 5405 60 questions question NNS 34823 5405 61 are be VBP 34823 5405 62 involved involve VBN 34823 5405 63 , , , 34823 5405 64 in in IN 34823 5405 65 abstracting abstract VBG 34823 5405 66 from from IN 34823 5405 67 consumption consumption NN 34823 5405 68 loans loan NNS 34823 5405 69 . . . 34823 5406 1 Since since IN 34823 5406 2 such such JJ 34823 5406 3 loans loan NNS 34823 5406 4 will will MD 34823 5406 5 be be VB 34823 5406 6 chiefly chiefly RB 34823 5406 7 employed employ VBN 34823 5406 8 in in IN 34823 5406 9 retail retail JJ 34823 5406 10 buying buying NN 34823 5406 11 , , , 34823 5406 12 and and CC 34823 5406 13 since since IN 34823 5406 14 we -PRON- PRP 34823 5406 15 know know VBP 34823 5406 16 that that IN 34823 5406 17 most most JJS 34823 5406 18 retail retail JJ 34823 5406 19 buying buying NN 34823 5406 20 does do VBZ 34823 5406 21 not not RB 34823 5406 22 result result VB 34823 5406 23 from from IN 34823 5406 24 loans loan NNS 34823 5406 25 for for IN 34823 5406 26 consumption consumption NN 34823 5406 27 purposes purpose NNS 34823 5406 28 , , , 34823 5406 29 we -PRON- PRP 34823 5406 30 may may MD 34823 5406 31 conclude conclude VB 34823 5406 32 that that DT 34823 5406 33 modern modern JJ 34823 5406 34 credit credit NN 34823 5406 35 is be VBZ 34823 5406 36 overwhelmingly overwhelmingly RB 34823 5406 37 of of IN 34823 5406 38 a a DT 34823 5406 39 different different JJ 34823 5406 40 sort sort NN 34823 5406 41 . . . 34823 5407 1 Most Most JJS 34823 5407 2 of of IN 34823 5407 3 it -PRON- PRP 34823 5407 4 arises arise VBZ 34823 5407 5 from from IN 34823 5407 6 business business NN 34823 5407 7 activities activity NNS 34823 5407 8 of of IN 34823 5407 9 one one CD 34823 5407 10 kind kind NN 34823 5407 11 or or CC 34823 5407 12 another another DT 34823 5407 13 , , , 34823 5407 14 and and CC 34823 5407 15 rests rest NNS 34823 5407 16 on on IN 34823 5407 17 expectation expectation NN 34823 5407 18 of of IN 34823 5407 19 profit profit NN 34823 5407 20 and and CC 34823 5407 21 loss loss NN 34823 5407 22 . . . 34823 5408 1 [ [ -LRB- 34823 5408 2 505 505 CD 34823 5408 3 ] ] -RRB- 34823 5408 4 Such such JJ 34823 5408 5 loans loan NNS 34823 5408 6 are be VBP 34823 5408 7 not not RB 34823 5408 8 made make VBN 34823 5408 9 when when WRB 34823 5408 10 borrowers borrower NNS 34823 5408 11 , , , 34823 5408 12 as as RB 34823 5408 13 well well RB 34823 5408 14 as as IN 34823 5408 15 lenders lender NNS 34823 5408 16 , , , 34823 5408 17 have have VBP 34823 5408 18 not not RB 34823 5408 19 confidence confidence NN 34823 5408 20 in in IN 34823 5408 21 the the DT 34823 5408 22 transactions transaction NNS 34823 5408 23 they -PRON- PRP 34823 5408 24 mean mean VBP 34823 5408 25 to to TO 34823 5408 26 put put VB 34823 5408 27 through through RB 34823 5408 28 . . . 34823 5409 1 So so RB 34823 5409 2 far far RB 34823 5409 3 the the DT 34823 5409 4 thing thing NN 34823 5409 5 has have VBZ 34823 5409 6 run run VBN 34823 5409 7 in in IN 34823 5409 8 terms term NNS 34823 5409 9 of of IN 34823 5409 10 individual individual JJ 34823 5409 11 calculation calculation NN 34823 5409 12 of of IN 34823 5409 13 profit profit NN 34823 5409 14 and and CC 34823 5409 15 loss loss NN 34823 5409 16 . . . 34823 5410 1 But but CC 34823 5410 2 even even RB 34823 5410 3 the the DT 34823 5410 4 most most RBS 34823 5410 5 sagacious sagacious JJ 34823 5410 6 business business NN 34823 5410 7 men man NNS 34823 5410 8 do do VBP 34823 5410 9 not not RB 34823 5410 10 play play VB 34823 5410 11 a a DT 34823 5410 12 lone lone JJ 34823 5410 13 hand hand NN 34823 5410 14 . . . 34823 5411 1 No no DT 34823 5411 2 one one NN 34823 5411 3 is be VBZ 34823 5411 4 uninfluenced uninfluenced JJ 34823 5411 5 by by IN 34823 5411 6 the the DT 34823 5411 7 expectations expectation NNS 34823 5411 8 and and CC 34823 5411 9 feelings feeling NNS 34823 5411 10 of of IN 34823 5411 11 others other NNS 34823 5411 12 . . . 34823 5412 1 In in IN 34823 5412 2 general general JJ 34823 5412 3 , , , 34823 5412 4 business business NN 34823 5412 5 confidence confidence NN 34823 5412 6 is be VBZ 34823 5412 7 in in IN 34823 5412 8 large large JJ 34823 5412 9 degree degree NN 34823 5412 10 a a DT 34823 5412 11 matter matter NN 34823 5412 12 of of IN 34823 5412 13 social social JJ 34823 5412 14 psychology psychology NN 34823 5412 15 , , , 34823 5412 16 resting rest VBG 34823 5412 17 on on IN 34823 5412 18 suggestion suggestion NN 34823 5412 19 , , , 34823 5412 20 contagion contagion NN 34823 5412 21 , , , 34823 5412 22 etc etc FW 34823 5412 23 . . FW 34823 5412 24 , , , 34823 5412 25 as as RB 34823 5412 26 well well RB 34823 5412 27 as as IN 34823 5412 28 on on IN 34823 5412 29 cool cool JJ 34823 5412 30 calculation calculation NN 34823 5412 31 of of IN 34823 5412 32 profit profit NN 34823 5412 33 and and CC 34823 5412 34 loss loss NN 34823 5412 35 . . . 34823 5413 1 Even even RB 34823 5413 2 where where WRB 34823 5413 3 men man NNS 34823 5413 4 are be VBP 34823 5413 5 able able JJ 34823 5413 6 in in IN 34823 5413 7 considerable considerable JJ 34823 5413 8 degree degree NN 34823 5413 9 to to TO 34823 5413 10 free free VB 34823 5413 11 themselves -PRON- PRP 34823 5413 12 from from IN 34823 5413 13 the the DT 34823 5413 14 prevailing prevail VBG 34823 5413 15 optimism optimism NN 34823 5413 16 or or CC 34823 5413 17 pessimism pessimism NN 34823 5413 18 , , , 34823 5413 19 they -PRON- PRP 34823 5413 20 must must MD 34823 5413 21 take take VB 34823 5413 22 it -PRON- PRP 34823 5413 23 into into IN 34823 5413 24 account account NN 34823 5413 25 . . . 34823 5414 1 The the DT 34823 5414 2 man man NN 34823 5414 3 who who WP 34823 5414 4 extends extend VBZ 34823 5414 5 his -PRON- PRP$ 34823 5414 6 business business NN 34823 5414 7 when when WRB 34823 5414 8 nobody nobody NN 34823 5414 9 is be VBZ 34823 5414 10 in in IN 34823 5414 11 the the DT 34823 5414 12 mood mood NN 34823 5414 13 to to TO 34823 5414 14 buy buy VB 34823 5414 15 , , , 34823 5414 16 when when WRB 34823 5414 17 no no DT 34823 5414 18 one one NN 34823 5414 19 will will MD 34823 5414 20 make make VB 34823 5414 21 contracts contract NNS 34823 5414 22 with with IN 34823 5414 23 him -PRON- PRP 34823 5414 24 , , , 34823 5414 25 runs run VBZ 34823 5414 26 a a DT 34823 5414 27 very very RB 34823 5414 28 fair fair JJ 34823 5414 29 chance chance NN 34823 5414 30 of of IN 34823 5414 31 bankruptcy bankruptcy NN 34823 5414 32 , , , 34823 5414 33 even even RB 34823 5414 34 though though IN 34823 5414 35 there there EX 34823 5414 36 be be VB 34823 5414 37 , , , 34823 5414 38 in in IN 34823 5414 39 the the DT 34823 5414 40 technical technical JJ 34823 5414 41 facts fact NNS 34823 5414 42 of of IN 34823 5414 43 industry industry NN 34823 5414 44 , , , 34823 5414 45 no no DT 34823 5414 46 reason reason NN 34823 5414 47 for for IN 34823 5414 48 the the DT 34823 5414 49 prevailing prevail VBG 34823 5414 50 pessimism pessimism NN 34823 5414 51 . . . 34823 5415 1 A a DT 34823 5415 2 man man NN 34823 5415 3 with with IN 34823 5415 4 large large JJ 34823 5415 5 resources resource NNS 34823 5415 6 , , , 34823 5415 7 which which WDT 34823 5415 8 are be VBP 34823 5415 9 not not RB 34823 5415 10 fully fully RB 34823 5415 11 employed employ VBN 34823 5415 12 , , , 34823 5415 13 seeing see VBG 34823 5415 14 that that IN 34823 5415 15 the the DT 34823 5415 16 prevailing prevail VBG 34823 5415 17 " " `` 34823 5415 18 bad bad JJ 34823 5415 19 business business NN 34823 5415 20 " " '' 34823 5415 21 is be VBZ 34823 5415 22 " " `` 34823 5415 23 largely largely RB 34823 5415 24 psychological psychological JJ 34823 5415 25 " " '' 34823 5415 26 may may MD 34823 5415 27 , , , 34823 5415 28 indeed indeed RB 34823 5415 29 , , , 34823 5415 30 take take VB 34823 5415 31 advantage advantage NN 34823 5415 32 of of IN 34823 5415 33 the the DT 34823 5415 34 fact fact NN 34823 5415 35 , , , 34823 5415 36 get get VB 34823 5415 37 his -PRON- PRP$ 34823 5415 38 labor labor NN 34823 5415 39 and and CC 34823 5415 40 raw raw JJ 34823 5415 41 materials material NNS 34823 5415 42 cheaply cheaply RB 34823 5415 43 , , , 34823 5415 44 and and CC 34823 5415 45 produce produce VB 34823 5415 46 some some DT 34823 5415 47 staple staple NN 34823 5415 48 in in IN 34823 5415 49 advance advance NN 34823 5415 50 of of IN 34823 5415 51 his -PRON- PRP$ 34823 5415 52 market market NN 34823 5415 53 . . . 34823 5416 1 If if IN 34823 5416 2 he -PRON- PRP 34823 5416 3 can can MD 34823 5416 4 afford afford VB 34823 5416 5 to to TO 34823 5416 6 hold hold VB 34823 5416 7 his -PRON- PRP$ 34823 5416 8 surplus surplus NN 34823 5416 9 , , , 34823 5416 10 he -PRON- PRP 34823 5416 11 may may MD 34823 5416 12 make make VB 34823 5416 13 large large JJ 34823 5416 14 profits profit NNS 34823 5416 15 by by IN 34823 5416 16 so so RB 34823 5416 17 doing do VBG 34823 5416 18 . . . 34823 5417 1 But but CC 34823 5417 2 usually usually RB 34823 5417 3 business business NN 34823 5417 4 men man NNS 34823 5417 5 will will MD 34823 5417 6 not not RB 34823 5417 7 , , , 34823 5417 8 in in IN 34823 5417 9 such such PDT 34823 5417 10 a a DT 34823 5417 11 situation situation NN 34823 5417 12 , , , 34823 5417 13 have have VB 34823 5417 14 the the DT 34823 5417 15 surplus surplus JJ 34823 5417 16 resources resource NNS 34823 5417 17 to to TO 34823 5417 18 enable enable VB 34823 5417 19 them -PRON- PRP 34823 5417 20 to to TO 34823 5417 21 put put VB 34823 5417 22 through through IN 34823 5417 23 such such PDT 34823 5417 24 an an DT 34823 5417 25 undertaking undertaking NN 34823 5417 26 , , , 34823 5417 27 and and CC 34823 5417 28 hence hence RB 34823 5417 29 , , , 34823 5417 30 even even RB 34823 5417 31 though though IN 34823 5417 32 they -PRON- PRP 34823 5417 33 may may MD 34823 5417 34 recognize recognize VB 34823 5417 35 that that IN 34823 5417 36 the the DT 34823 5417 37 rest rest NN 34823 5417 38 of of IN 34823 5417 39 the the DT 34823 5417 40 business business NN 34823 5417 41 world world NN 34823 5417 42 is be VBZ 34823 5417 43 irrational irrational JJ 34823 5417 44 , , , 34823 5417 45 they -PRON- PRP 34823 5417 46 must must MD 34823 5417 47 , , , 34823 5417 48 perforce perforce VB 34823 5417 49 , , , 34823 5417 50 conform conform VB 34823 5417 51 to to IN 34823 5417 52 its -PRON- PRP$ 34823 5417 53 irrationality irrationality NN 34823 5417 54 , , , 34823 5417 55 and and CC 34823 5417 56 their -PRON- PRP$ 34823 5417 57 sober sober JJ 34823 5417 58 estimate estimate NN 34823 5417 59 of of IN 34823 5417 60 the the DT 34823 5417 61 prospects prospect NNS 34823 5417 62 of of IN 34823 5417 63 a a DT 34823 5417 64 given give VBN 34823 5417 65 undertaking undertaking NN 34823 5417 66 may may MD 34823 5417 67 be be VB 34823 5417 68 just just RB 34823 5417 69 as as RB 34823 5417 70 much much JJ 34823 5417 71 adverse adverse RB 34823 5417 72 as as IN 34823 5417 73 if if IN 34823 5417 74 they -PRON- PRP 34823 5417 75 shared share VBD 34823 5417 76 the the DT 34823 5417 77 feeling feeling NN 34823 5417 78 of of IN 34823 5417 79 gloom gloom NN 34823 5417 80 which which WDT 34823 5417 81 all all RB 34823 5417 82 about about IN 34823 5417 83 them -PRON- PRP 34823 5417 84 feel feel VBP 34823 5417 85 . . . 34823 5418 1 They -PRON- PRP 34823 5418 2 meet meet VBP 34823 5418 3 it -PRON- PRP 34823 5418 4 from from IN 34823 5418 5 the the DT 34823 5418 6 banker banker NN 34823 5418 7 from from IN 34823 5418 8 whom whom WP 34823 5418 9 they -PRON- PRP 34823 5418 10 wish wish VBP 34823 5418 11 to to TO 34823 5418 12 borrow borrow VB 34823 5418 13 . . . 34823 5419 1 Even even RB 34823 5419 2 if if IN 34823 5419 3 able able JJ 34823 5419 4 to to TO 34823 5419 5 borrow borrow VB 34823 5419 6 , , , 34823 5419 7 they -PRON- PRP 34823 5419 8 meet meet VBP 34823 5419 9 it -PRON- PRP 34823 5419 10 from from IN 34823 5419 11 the the DT 34823 5419 12 dealers dealer NNS 34823 5419 13 to to IN 34823 5419 14 whom whom WP 34823 5419 15 they -PRON- PRP 34823 5419 16 are be VBP 34823 5419 17 accustomed accustom VBN 34823 5419 18 to to TO 34823 5419 19 sell sell VB 34823 5419 20 their -PRON- PRP$ 34823 5419 21 products product NNS 34823 5419 22 . . . 34823 5420 1 The the DT 34823 5420 2 prevailing prevailing JJ 34823 5420 3 gloom gloom NN 34823 5420 4 is be VBZ 34823 5420 5 as as RB 34823 5420 6 much much JJ 34823 5420 7 a a DT 34823 5420 8 fact fact NN 34823 5420 9 with with IN 34823 5420 10 which which WDT 34823 5420 11 they -PRON- PRP 34823 5420 12 must must MD 34823 5420 13 reckon reckon VB 34823 5420 14 as as IN 34823 5420 15 is be VBZ 34823 5420 16 the the DT 34823 5420 17 price price NN 34823 5420 18 of of IN 34823 5420 19 their -PRON- PRP$ 34823 5420 20 raw raw JJ 34823 5420 21 materials material NNS 34823 5420 22 , , , 34823 5420 23 or or CC 34823 5420 24 the the DT 34823 5420 25 technical technical JJ 34823 5420 26 qualities quality NNS 34823 5420 27 of of IN 34823 5420 28 those those DT 34823 5420 29 raw raw JJ 34823 5420 30 materials material NNS 34823 5420 31 . . . 34823 5421 1 Further further RB 34823 5421 2 , , , 34823 5421 3 business business NN 34823 5421 4 confidence confidence NN 34823 5421 5 is be VBZ 34823 5421 6 not not RB 34823 5421 7 a a DT 34823 5421 8 matter matter NN 34823 5421 9 in in IN 34823 5421 10 which which WDT 34823 5421 11 each each DT 34823 5421 12 man man NN 34823 5421 13 counts count VBZ 34823 5421 14 one one CD 34823 5421 15 ! ! . 34823 5422 1 There there EX 34823 5422 2 are be VBP 34823 5422 3 centers center NNS 34823 5422 4 of of IN 34823 5422 5 prestige prestige NN 34823 5422 6 , , , 34823 5422 7 men man NNS 34823 5422 8 and and CC 34823 5422 9 institutions institution NNS 34823 5422 10 whose whose WP$ 34823 5422 11 attitude attitude NN 34823 5422 12 toward toward IN 34823 5422 13 the the DT 34823 5422 14 future future NN 34823 5422 15 counts count NNS 34823 5422 16 heavily heavily RB 34823 5422 17 indeed indeed RB 34823 5422 18 in in IN 34823 5422 19 determining determine VBG 34823 5422 20 the the DT 34823 5422 21 attitudes attitude NNS 34823 5422 22 of of IN 34823 5422 23 others other NNS 34823 5422 24 . . . 34823 5423 1 These these DT 34823 5423 2 prestiges prestige NNS 34823 5423 3 may may MD 34823 5423 4 arise arise VB 34823 5423 5 from from IN 34823 5423 6 various various JJ 34823 5423 7 causes cause NNS 34823 5423 8 . . . 34823 5424 1 Recognized recognize VBN 34823 5424 2 wisdom wisdom NN 34823 5424 3 and and CC 34823 5424 4 probity probity NN 34823 5424 5 may may MD 34823 5424 6 give give VB 34823 5424 7 a a DT 34823 5424 8 man man NN 34823 5424 9 great great JJ 34823 5424 10 prestige prestige NN 34823 5424 11 in in IN 34823 5424 12 economic economic JJ 34823 5424 13 matters matter NNS 34823 5424 14 . . . 34823 5425 1 There there EX 34823 5425 2 are be VBP 34823 5425 3 financial financial JJ 34823 5425 4 writers writer NNS 34823 5425 5 and and CC 34823 5425 6 students student NNS 34823 5425 7 of of IN 34823 5425 8 the the DT 34823 5425 9 market market NN 34823 5425 10 , , , 34823 5425 11 not not RB 34823 5425 12 necessarily necessarily RB 34823 5425 13 men man NNS 34823 5425 14 of of IN 34823 5425 15 great great JJ 34823 5425 16 wealth wealth NN 34823 5425 17 , , , 34823 5425 18 whose whose WP$ 34823 5425 19 opinions opinion NNS 34823 5425 20 are be VBP 34823 5425 21 exceedingly exceedingly RB 34823 5425 22 influential influential JJ 34823 5425 23 in in IN 34823 5425 24 making make VBG 34823 5425 25 business business NN 34823 5425 26 confidence confidence NN 34823 5425 27 . . . 34823 5426 1 The the DT 34823 5426 2 wisdom wisdom NN 34823 5426 3 without without IN 34823 5426 4 the the DT 34823 5426 5 probity probity NN 34823 5426 6 is be VBZ 34823 5426 7 not not RB 34823 5426 8 enough enough JJ 34823 5426 9 . . . 34823 5427 1 Some some DT 34823 5427 2 men man NNS 34823 5427 3 , , , 34823 5427 4 known know VBN 34823 5427 5 to to TO 34823 5427 6 be be VB 34823 5427 7 sagacious sagacious JJ 34823 5427 8 students student NNS 34823 5427 9 of of IN 34823 5427 10 the the DT 34823 5427 11 market market NN 34823 5427 12 , , , 34823 5427 13 have have VBP 34823 5427 14 been be VBN 34823 5427 15 known know VBN 34823 5427 16 to to TO 34823 5427 17 succeed succeed VB 34823 5427 18 in in IN 34823 5427 19 their -PRON- PRP$ 34823 5427 20 plans plan NNS 34823 5427 21 by by IN 34823 5427 22 telling tell VBG 34823 5427 23 the the DT 34823 5427 24 truth truth NN 34823 5427 25 , , , 34823 5427 26 with with IN 34823 5427 27 the the DT 34823 5427 28 result result NN 34823 5427 29 that that IN 34823 5427 30 everybody everybody NN 34823 5427 31 else else RB 34823 5427 32 did do VBD 34823 5427 33 the the DT 34823 5427 34 wrong wrong JJ 34823 5427 35 thing thing NN 34823 5427 36 ! ! . 34823 5428 1 They -PRON- PRP 34823 5428 2 made make VBD 34823 5428 3 business business NN 34823 5428 4 confidence confidence NN 34823 5428 5 , , , 34823 5428 6 but but CC 34823 5428 7 not not RB 34823 5428 8 the the DT 34823 5428 9 sort sort NN 34823 5428 10 that that WDT 34823 5428 11 was be VBD 34823 5428 12 complimentary complimentary JJ 34823 5428 13 to to IN 34823 5428 14 them -PRON- PRP 34823 5428 15 . . . 34823 5429 1 Other other JJ 34823 5429 2 men man NNS 34823 5429 3 have have VBP 34823 5429 4 prestige prestige NN 34823 5429 5 , , , 34823 5429 6 influence influence NN 34823 5429 7 in in IN 34823 5429 8 making make VBG 34823 5429 9 business business NN 34823 5429 10 confidence confidence NN 34823 5429 11 , , , 34823 5429 12 by by IN 34823 5429 13 virtue virtue NN 34823 5429 14 of of IN 34823 5429 15 possession possession NN 34823 5429 16 of of IN 34823 5429 17 large large JJ 34823 5429 18 wealth wealth NN 34823 5429 19 . . . 34823 5430 1 They -PRON- PRP 34823 5430 2 are be VBP 34823 5430 3 , , , 34823 5430 4 first first RB 34823 5430 5 , , , 34823 5430 6 in in IN 34823 5430 7 position position NN 34823 5430 8 to to TO 34823 5430 9 lend lend VB 34823 5430 10 largely largely RB 34823 5430 11 . . . 34823 5431 1 Their -PRON- PRP$ 34823 5431 2 decisions decision NNS 34823 5431 3 count count VBP 34823 5431 4 directly directly RB 34823 5431 5 for for IN 34823 5431 6 more more JJR 34823 5431 7 than than IN 34823 5431 8 the the DT 34823 5431 9 decisions decision NNS 34823 5431 10 of of IN 34823 5431 11 thousands thousand NNS 34823 5431 12 of of IN 34823 5431 13 other other JJ 34823 5431 14 men man NNS 34823 5431 15 . . . 34823 5432 1 The the DT 34823 5432 2 very very JJ 34823 5432 3 fact fact NN 34823 5432 4 that that IN 34823 5432 5 they -PRON- PRP 34823 5432 6 have have VBP 34823 5432 7 confidence confidence NN 34823 5432 8 in in IN 34823 5432 9 the the DT 34823 5432 10 future future NN 34823 5432 11 , , , 34823 5432 12 apart apart RB 34823 5432 13 from from IN 34823 5432 14 anything anything NN 34823 5432 15 else else RB 34823 5432 16 , , , 34823 5432 17 means mean VBZ 34823 5432 18 a a DT 34823 5432 19 tremendous tremendous JJ 34823 5432 20 increase increase NN 34823 5432 21 in in IN 34823 5432 22 _ _ NNP 34823 5432 23 effective effective JJ 34823 5432 24 _ _ NNP 34823 5432 25 business business NN 34823 5432 26 confidence confidence NN 34823 5432 27 -- -- : 34823 5432 28 which which WDT 34823 5432 29 we -PRON- PRP 34823 5432 30 are be VBP 34823 5432 31 here here RB 34823 5432 32 concerned concerned JJ 34823 5432 33 with with IN 34823 5432 34 . . . 34823 5433 1 The the DT 34823 5433 2 optimism optimism NN 34823 5433 3 of of IN 34823 5433 4 a a DT 34823 5433 5 man man NN 34823 5433 6 who who WP 34823 5433 7 can can MD 34823 5433 8 neither neither CC 34823 5433 9 buy buy VB 34823 5433 10 nor nor CC 34823 5433 11 sell sell VB 34823 5433 12 nor nor CC 34823 5433 13 borrow borrow VB 34823 5433 14 nor nor CC 34823 5433 15 lend lend VB 34823 5433 16 , , , 34823 5433 17 because because IN 34823 5433 18 he -PRON- PRP 34823 5433 19 himself -PRON- PRP 34823 5433 20 has have VBZ 34823 5433 21 no no DT 34823 5433 22 economic economic JJ 34823 5433 23 resources resource NNS 34823 5433 24 , , , 34823 5433 25 and and CC 34823 5433 26 no no DT 34823 5433 27 prestige prestige NN 34823 5433 28 , , , 34823 5433 29 is be VBZ 34823 5433 30 like like IN 34823 5433 31 the the DT 34823 5433 32 desire desire NN 34823 5433 33 of of IN 34823 5433 34 a a DT 34823 5433 35 penniless penniless JJ 34823 5433 36 beggar beggar NN 34823 5433 37 for for IN 34823 5433 38 an an DT 34823 5433 39 economic economic JJ 34823 5433 40 good good NN 34823 5433 41 -- -- : 34823 5433 42 its -PRON- PRP$ 34823 5433 43 effect effect NN 34823 5433 44 on on IN 34823 5433 45 the the DT 34823 5433 46 market market NN 34823 5433 47 is be VBZ 34823 5433 48 not not RB 34823 5433 49 great great JJ 34823 5433 50 ! ! . 34823 5434 1 But but CC 34823 5434 2 further far RBR 34823 5434 3 , , , 34823 5434 4 the the DT 34823 5434 5 fact fact NN 34823 5434 6 that that IN 34823 5434 7 a a DT 34823 5434 8 rich rich JJ 34823 5434 9 man man NN 34823 5434 10 is be VBZ 34823 5434 11 lending lending NN 34823 5434 12 makes make VBZ 34823 5434 13 possible possible JJ 34823 5434 14 activities activity NNS 34823 5434 15 which which WDT 34823 5434 16 would would MD 34823 5434 17 not not RB 34823 5434 18 otherwise otherwise RB 34823 5434 19 be be VB 34823 5434 20 possible possible JJ 34823 5434 21 , , , 34823 5434 22 and and CC 34823 5434 23 so so RB 34823 5434 24 justifies justify VBZ 34823 5434 25 confidence confidence NN 34823 5434 26 on on IN 34823 5434 27 the the DT 34823 5434 28 part part NN 34823 5434 29 of of IN 34823 5434 30 those those DT 34823 5434 31 who who WP 34823 5434 32 wish wish VBP 34823 5434 33 to to TO 34823 5434 34 deal deal VB 34823 5434 35 with with IN 34823 5434 36 those those DT 34823 5434 37 to to IN 34823 5434 38 whom whom WP 34823 5434 39 he -PRON- PRP 34823 5434 40 lends lend VBZ 34823 5434 41 . . . 34823 5435 1 Such such PDT 34823 5435 2 a a DT 34823 5435 3 man man NN 34823 5435 4 may may MD 34823 5435 5 , , , 34823 5435 6 on on IN 34823 5435 7 the the DT 34823 5435 8 other other JJ 34823 5435 9 hand hand NN 34823 5435 10 , , , 34823 5435 11 borrow borrow VBP 34823 5435 12 . . . 34823 5436 1 His -PRON- PRP$ 34823 5436 2 borrowing borrowing NN 34823 5436 3 , , , 34823 5436 4 for for IN 34823 5436 5 business business NN 34823 5436 6 activity activity NN 34823 5436 7 , , , 34823 5436 8 justifies justify VBZ 34823 5436 9 confidence confidence NN 34823 5436 10 on on IN 34823 5436 11 the the DT 34823 5436 12 part part NN 34823 5436 13 of of IN 34823 5436 14 those those DT 34823 5436 15 who who WP 34823 5436 16 would would MD 34823 5436 17 deal deal VB 34823 5436 18 with with IN 34823 5436 19 him -PRON- PRP 34823 5436 20 . . . 34823 5437 1 Quite quite RB 34823 5437 2 apart apart RB 34823 5437 3 , , , 34823 5437 4 therefore therefore RB 34823 5437 5 , , , 34823 5437 6 from from IN 34823 5437 7 any any DT 34823 5437 8 influence influence NN 34823 5437 9 on on IN 34823 5437 10 the the DT 34823 5437 11 opinions opinion NNS 34823 5437 12 of of IN 34823 5437 13 others other NNS 34823 5437 14 growing grow VBG 34823 5437 15 out out IN 34823 5437 16 of of IN 34823 5437 17 respect respect NN 34823 5437 18 for for IN 34823 5437 19 his -PRON- PRP$ 34823 5437 20 judgment judgment NN 34823 5437 21 , , , 34823 5437 22 or or CC 34823 5437 23 less less RBR 34823 5437 24 rational rational JJ 34823 5437 25 reaction reaction NN 34823 5437 26 to to IN 34823 5437 27 him -PRON- PRP 34823 5437 28 , , , 34823 5437 29 he -PRON- PRP 34823 5437 30 can can MD 34823 5437 31 do do VB 34823 5437 32 much much JJ 34823 5437 33 to to TO 34823 5437 34 make make VB 34823 5437 35 or or CC 34823 5437 36 unmake unmake VB 34823 5437 37 business business NN 34823 5437 38 confidence confidence NN 34823 5437 39 . . . 34823 5438 1 But but CC 34823 5438 2 commonly commonly RB 34823 5438 3 , , , 34823 5438 4 also also RB 34823 5438 5 , , , 34823 5438 6 such such PDT 34823 5438 7 a a DT 34823 5438 8 man man NN 34823 5438 9 is be VBZ 34823 5438 10 a a DT 34823 5438 11 center center NN 34823 5438 12 of of IN 34823 5438 13 prestige prestige NN 34823 5438 14 , , , 34823 5438 15 as as RB 34823 5438 16 well well RB 34823 5438 17 as as IN 34823 5438 18 a a DT 34823 5438 19 controller controller NN 34823 5438 20 of of IN 34823 5438 21 economic economic JJ 34823 5438 22 power power NN 34823 5438 23 by by IN 34823 5438 24 virtue virtue NN 34823 5438 25 of of IN 34823 5438 26 his -PRON- PRP$ 34823 5438 27 wealth wealth NN 34823 5438 28 . . . 34823 5439 1 Men man NNS 34823 5439 2 look look VB 34823 5439 3 to to IN 34823 5439 4 him -PRON- PRP 34823 5439 5 for for IN 34823 5439 6 their -PRON- PRP$ 34823 5439 7 cue cue NN 34823 5439 8 . . . 34823 5440 1 If if IN 34823 5440 2 _ _ NNP 34823 5440 3 he -PRON- PRP 34823 5440 4 _ _ NNP 34823 5440 5 has have VBZ 34823 5440 6 confidence confidence NN 34823 5440 7 enough enough RB 34823 5440 8 in in IN 34823 5440 9 the the DT 34823 5440 10 future future NN 34823 5440 11 to to TO 34823 5440 12 risk risk VB 34823 5440 13 his -PRON- PRP$ 34823 5440 14 great great JJ 34823 5440 15 wealth wealth NN 34823 5440 16 , , , 34823 5440 17 surely surely RB 34823 5440 18 smaller small JJR 34823 5440 19 men man NNS 34823 5440 20 with with IN 34823 5440 21 smaller small JJR 34823 5440 22 interests interest NNS 34823 5440 23 need nee MD 34823 5440 24 not not RB 34823 5440 25 be be VB 34823 5440 26 afraid afraid JJ 34823 5440 27 . . . 34823 5441 1 Vitally vitally RB 34823 5441 2 important important JJ 34823 5441 3 centres centre NNS 34823 5441 4 for for IN 34823 5441 5 the the DT 34823 5441 6 making making NN 34823 5441 7 and and CC 34823 5441 8 controlling controlling NN 34823 5441 9 of of IN 34823 5441 10 business business NN 34823 5441 11 confidence confidence NN 34823 5441 12 are be VBP 34823 5441 13 the the DT 34823 5441 14 banks bank NNS 34823 5441 15 . . . 34823 5442 1 Having have VBG 34823 5442 2 intimate intimate JJ 34823 5442 3 knowledge knowledge NN 34823 5442 4 of of IN 34823 5442 5 the the DT 34823 5442 6 affairs affair NNS 34823 5442 7 of of IN 34823 5442 8 many many JJ 34823 5442 9 business business NN 34823 5442 10 men man NNS 34823 5442 11 , , , 34823 5442 12 of of IN 34823 5442 13 business business NN 34823 5442 14 men man NNS 34823 5442 15 in in IN 34823 5442 16 many many JJ 34823 5442 17 different different JJ 34823 5442 18 lines line NNS 34823 5442 19 , , , 34823 5442 20 they -PRON- PRP 34823 5442 21 are be VBP 34823 5442 22 in in IN 34823 5442 23 a a DT 34823 5442 24 position position NN 34823 5442 25 to to TO 34823 5442 26 judge judge VB 34823 5442 27 wisely wisely RB 34823 5442 28 of of IN 34823 5442 29 business business NN 34823 5442 30 prospects prospect NNS 34823 5442 31 . . . 34823 5443 1 Having have VBG 34823 5443 2 great great JJ 34823 5443 3 power power NN 34823 5443 4 to to TO 34823 5443 5 make make VB 34823 5443 6 or or CC 34823 5443 7 refuse refuse VB 34823 5443 8 loans loan NNS 34823 5443 9 , , , 34823 5443 10 they -PRON- PRP 34823 5443 11 can can MD 34823 5443 12 encourage encourage VB 34823 5443 13 or or CC 34823 5443 14 chill chill VB 34823 5443 15 the the DT 34823 5443 16 enthusiasm enthusiasm NN 34823 5443 17 which which WDT 34823 5443 18 business business NN 34823 5443 19 men man NNS 34823 5443 20 may may MD 34823 5443 21 independently independently RB 34823 5443 22 develop develop VB 34823 5443 23 . . . 34823 5444 1 The the DT 34823 5444 2 whispered whisper VBN 34823 5444 3 word word NN 34823 5444 4 of of IN 34823 5444 5 a a DT 34823 5444 6 banker banker NN 34823 5444 7 may may MD 34823 5444 8 well well RB 34823 5444 9 count count VB 34823 5444 10 for for IN 34823 5444 11 more more JJR 34823 5444 12 than than IN 34823 5444 13 the the DT 34823 5444 14 half half JJ 34823 5444 15 - - HYPH 34823 5444 16 page page NN 34823 5444 17 advertisement advertisement NN 34823 5444 18 of of IN 34823 5444 19 a a DT 34823 5444 20 promoter promoter NN 34823 5444 21 . . . 34823 5445 1 But but CC 34823 5445 2 the the DT 34823 5445 3 banker banker NN 34823 5445 4 is be VBZ 34823 5445 5 not not RB 34823 5445 6 all all RB 34823 5445 7 powerful powerful JJ 34823 5445 8 . . . 34823 5446 1 His -PRON- PRP$ 34823 5446 2 influence influence NN 34823 5446 3 is be VBZ 34823 5446 4 much much RB 34823 5446 5 greater great JJR 34823 5446 6 , , , 34823 5446 7 often often RB 34823 5446 8 , , , 34823 5446 9 in in IN 34823 5446 10 restraining restraining NN 34823 5446 11 than than IN 34823 5446 12 in in IN 34823 5446 13 evoking evoke VBG 34823 5446 14 business business NN 34823 5446 15 confidence confidence NN 34823 5446 16 . . . 34823 5447 1 Bankers banker NNS 34823 5447 2 may may MD 34823 5447 3 during during IN 34823 5447 4 long long JJ 34823 5447 5 periods period NNS 34823 5447 6 be be VB 34823 5447 7 quite quite RB 34823 5447 8 unable unable JJ 34823 5447 9 to to TO 34823 5447 10 increase increase VB 34823 5447 11 their -PRON- PRP$ 34823 5447 12 loans loan NNS 34823 5447 13 , , , 34823 5447 14 though though IN 34823 5447 15 they -PRON- PRP 34823 5447 16 tempt tempt VBP 34823 5447 17 borrowing borrowing NN 34823 5447 18 by by IN 34823 5447 19 easy easy JJ 34823 5447 20 rates rate NNS 34823 5447 21 . . . 34823 5448 1 Business business NN 34823 5448 2 confidence confidence NN 34823 5448 3 is be VBZ 34823 5448 4 a a DT 34823 5448 5 fact fact NN 34823 5448 6 of of IN 34823 5448 7 social social JJ 34823 5448 8 psychology psychology NN 34823 5448 9 . . . 34823 5449 1 It -PRON- PRP 34823 5449 2 is be VBZ 34823 5449 3 an an DT 34823 5449 4 organic organic JJ 34823 5449 5 phenomenon phenomenon NN 34823 5449 6 , , , 34823 5449 7 with with IN 34823 5449 8 radiant radiant JJ 34823 5449 9 points point NNS 34823 5449 10 of of IN 34823 5449 11 control control NN 34823 5449 12 . . . 34823 5450 1 It -PRON- PRP 34823 5450 2 is be VBZ 34823 5450 3 a a DT 34823 5450 4 matter matter NN 34823 5450 5 of of IN 34823 5450 6 inter inter JJ 34823 5450 7 - - JJ 34823 5450 8 mental mental JJ 34823 5450 9 activity activity NN 34823 5450 10 , , , 34823 5450 11 rather rather RB 34823 5450 12 than than IN 34823 5450 13 a a DT 34823 5450 14 thing thing NN 34823 5450 15 in in IN 34823 5450 16 which which WDT 34823 5450 17 each each DT 34823 5450 18 man man NN 34823 5450 19 makes make VBZ 34823 5450 20 an an DT 34823 5450 21 independent independent JJ 34823 5450 22 choice choice NN 34823 5450 23 . . . 34823 5451 1 But but CC 34823 5451 2 this this DT 34823 5451 3 is be VBZ 34823 5451 4 to to TO 34823 5451 5 say say VB 34823 5451 6 nothing nothing NN 34823 5451 7 of of IN 34823 5451 8 credit credit NN 34823 5451 9 phenomena phenomenon NNS 34823 5451 10 that that WDT 34823 5451 11 is be VBZ 34823 5451 12 not not RB 34823 5451 13 true true JJ 34823 5451 14 of of IN 34823 5451 15 all all DT 34823 5451 16 value value NN 34823 5451 17 phenomena phenomenon NNS 34823 5451 18 . . . 34823 5452 1 All all DT 34823 5452 2 economic economic JJ 34823 5452 3 values value NNS 34823 5452 4 are be VBP 34823 5452 5 social social JJ 34823 5452 6 values value NNS 34823 5452 7 . . . 34823 5453 1 The the DT 34823 5453 2 values value NNS 34823 5453 3 of of IN 34823 5453 4 wheat wheat NN 34823 5453 5 or or CC 34823 5453 6 sugar sugar NN 34823 5453 7 or or CC 34823 5453 8 bicycles bicycle NNS 34823 5453 9 are be VBP 34823 5453 10 social social JJ 34823 5453 11 values value NNS 34823 5453 12 . . . 34823 5454 1 There there EX 34823 5454 2 are be VBP 34823 5454 3 centers center NNS 34823 5454 4 of of IN 34823 5454 5 power power NN 34823 5454 6 and and CC 34823 5454 7 prestige prestige NN 34823 5454 8 , , , 34823 5454 9 growing grow VBG 34823 5454 10 out out IN 34823 5454 11 of of IN 34823 5454 12 the the DT 34823 5454 13 distribution distribution NN 34823 5454 14 of of IN 34823 5454 15 wealth wealth NN 34823 5454 16 , , , 34823 5454 17 or or CC 34823 5454 18 various various JJ 34823 5454 19 other other JJ 34823 5454 20 social social JJ 34823 5454 21 factors factor NNS 34823 5454 22 , , , 34823 5454 23 which which WDT 34823 5454 24 have have VBP 34823 5454 25 a a DT 34823 5454 26 dominating dominating JJ 34823 5454 27 influence influence NN 34823 5454 28 on on IN 34823 5454 29 economic economic JJ 34823 5454 30 values value NNS 34823 5454 31 , , , 34823 5454 32 as as IN 34823 5454 33 a a DT 34823 5454 34 rule rule NN 34823 5454 35 . . . 34823 5455 1 Credit credit NN 34823 5455 2 phenomena phenomenon NNS 34823 5455 3 are be VBP 34823 5455 4 merely merely RB 34823 5455 5 part part NN 34823 5455 6 and and CC 34823 5455 7 parcel parcel NN 34823 5455 8 of of IN 34823 5455 9 the the DT 34823 5455 10 general general JJ 34823 5455 11 system system NN 34823 5455 12 of of IN 34823 5455 13 economic economic JJ 34823 5455 14 motivation motivation NN 34823 5455 15 and and CC 34823 5455 16 control control NN 34823 5455 17 . . . 34823 5456 1 In in IN 34823 5456 2 _ _ NNP 34823 5456 3 Social Social NNP 34823 5456 4 Value Value NNP 34823 5456 5 _ _ NNP 34823 5456 6 ( ( -LRB- 34823 5456 7 pp pp NNP 34823 5456 8 . . . 34823 5457 1 102 102 CD 34823 5457 2 - - SYM 34823 5457 3 103 103 CD 34823 5457 4 ) ) -RRB- 34823 5457 5 I -PRON- PRP 34823 5457 6 have have VBP 34823 5457 7 denied deny VBN 34823 5457 8 the the DT 34823 5457 9 doctrine doctrine NN 34823 5457 10 of of IN 34823 5457 11 Meinong Meinong NNP 34823 5457 12 and and CC 34823 5457 13 Tarde Tarde NNP 34823 5457 14 that that DT 34823 5457 15 explicit explicit JJ 34823 5457 16 belief belief NN 34823 5457 17 , , , 34823 5457 18 existential existential JJ 34823 5457 19 judgments judgment NNS 34823 5457 20 , , , 34823 5457 21 are be VBP 34823 5457 22 essential essential JJ 34823 5457 23 to to IN 34823 5457 24 the the DT 34823 5457 25 existence existence NN 34823 5457 26 of of IN 34823 5457 27 values value NNS 34823 5457 28 , , , 34823 5457 29 taking take VBG 34823 5457 30 value value NN 34823 5457 31 in in IN 34823 5457 32 the the DT 34823 5457 33 generic generic JJ 34823 5457 34 sense sense NN 34823 5457 35 , , , 34823 5457 36 which which WDT 34823 5457 37 includes include VBZ 34823 5457 38 æsthetic æsthetic JJ 34823 5457 39 value value NN 34823 5457 40 , , , 34823 5457 41 religious religious JJ 34823 5457 42 and and CC 34823 5457 43 patriotic patriotic JJ 34823 5457 44 value value NN 34823 5457 45 , , , 34823 5457 46 legal legal JJ 34823 5457 47 , , , 34823 5457 48 moral moral JJ 34823 5457 49 , , , 34823 5457 50 and and CC 34823 5457 51 other other JJ 34823 5457 52 values value NNS 34823 5457 53 . . . 34823 5458 1 I -PRON- PRP 34823 5458 2 have have VBP 34823 5458 3 pointed point VBN 34823 5458 4 out out RP 34823 5458 5 that that IN 34823 5458 6 we -PRON- PRP 34823 5458 7 do do VBP 34823 5458 8 , , , 34823 5458 9 at at IN 34823 5458 10 times time NNS 34823 5458 11 , , , 34823 5458 12 value value NN 34823 5458 13 ideal ideal JJ 34823 5458 14 objects object NNS 34823 5458 15 , , , 34823 5458 16 the the DT 34823 5458 17 creatures creature NNS 34823 5458 18 of of IN 34823 5458 19 our -PRON- PRP$ 34823 5458 20 imaginations imagination NNS 34823 5458 21 . . . 34823 5459 1 The the DT 34823 5459 2 dead dead JJ 34823 5459 3 sweetheart sweetheart NN 34823 5459 4 , , , 34823 5459 5 or or CC 34823 5459 6 the the DT 34823 5459 7 Beatrice Beatrice NNP 34823 5459 8 that that WDT 34823 5459 9 never never RB 34823 5459 10 was be VBD 34823 5459 11 ( ( -LRB- 34823 5459 12 or or CC 34823 5459 13 that that IN 34823 5459 14 never never RB 34823 5459 15 was be VBD 34823 5459 16 what what WP 34823 5459 17 she -PRON- PRP 34823 5459 18 was be VBD 34823 5459 19 imagined imagine VBN 34823 5459 20 to to TO 34823 5459 21 be be VB 34823 5459 22 ) ) -RRB- 34823 5459 23 may may MD 34823 5459 24 have have VB 34823 5459 25 tremendous tremendous JJ 34823 5459 26 value value NN 34823 5459 27 . . . 34823 5460 1 Not not RB 34823 5460 2 merely merely RB 34823 5460 3 things thing NNS 34823 5460 4 hoped hope VBD 34823 5460 5 for for IN 34823 5460 6 , , , 34823 5460 7 but but CC 34823 5460 8 things thing NNS 34823 5460 9 hopelessly hopelessly RB 34823 5460 10 gone go VBN 34823 5460 11 , , , 34823 5460 12 as as IN 34823 5460 13 " " `` 34823 5460 14 The the DT 34823 5460 15 Lost lost JJ 34823 5460 16 Cause cause NN 34823 5460 17 " " '' 34823 5460 18 to to IN 34823 5460 19 the the DT 34823 5460 20 Southerner Southerner NNP 34823 5460 21 , , , 34823 5460 22 may may MD 34823 5460 23 be be VB 34823 5460 24 objects object NNS 34823 5460 25 of of IN 34823 5460 26 value value NN 34823 5460 27 so so RB 34823 5460 28 high high JJ 34823 5460 29 that that IN 34823 5460 30 other other JJ 34823 5460 31 things thing NNS 34823 5460 32 , , , 34823 5460 33 known know VBN 34823 5460 34 to to TO 34823 5460 35 be be VB 34823 5460 36 real real JJ 34823 5460 37 , , , 34823 5460 38 may may MD 34823 5460 39 sink sink VB 34823 5460 40 into into IN 34823 5460 41 insignificance insignificance NN 34823 5460 42 beside beside IN 34823 5460 43 them -PRON- PRP 34823 5460 44 . . . 34823 5461 1 Even even RB 34823 5461 2 in in IN 34823 5461 3 these these DT 34823 5461 4 cases case NNS 34823 5461 5 , , , 34823 5461 6 however however RB 34823 5461 7 , , , 34823 5461 8 there there EX 34823 5461 9 must must MD 34823 5461 10 be be VB 34823 5461 11 a a DT 34823 5461 12 " " `` 34823 5461 13 reality-_feeling reality-_feeling NN 34823 5461 14 _ _ NNP 34823 5461 15 " " `` 34823 5461 16 an an DT 34823 5461 17 unconscious unconscious JJ 34823 5461 18 presumption presumption NN 34823 5461 19 or or CC 34823 5461 20 assumption assumption NN 34823 5461 21 that that IN 34823 5461 22 the the DT 34823 5461 23 object object NN 34823 5461 24 valued value VBN 34823 5461 25 is be VBZ 34823 5461 26 real real JJ 34823 5461 27 . . . 34823 5462 1 Indeed indeed RB 34823 5462 2 , , , 34823 5462 3 belief belief NN 34823 5462 4 , , , 34823 5462 5 as as IN 34823 5462 6 distinguished distinguish VBN 34823 5462 7 from from IN 34823 5462 8 mere mere JJ 34823 5462 9 ideation ideation NN 34823 5462 10 , , , 34823 5462 11 is be VBZ 34823 5462 12 an an DT 34823 5462 13 emotional emotional JJ 34823 5462 14 " " `` 34823 5462 15 tang tang NNP 34823 5462 16 , , , 34823 5462 17 " " '' 34823 5462 18 an an DT 34823 5462 19 essentially essentially RB 34823 5462 20 emotional emotional JJ 34823 5462 21 , , , 34823 5462 22 rather rather RB 34823 5462 23 than than IN 34823 5462 24 intellectual intellectual JJ 34823 5462 25 , , , 34823 5462 26 fact fact NN 34823 5462 27 . . . 34823 5463 1 If if IN 34823 5463 2 it -PRON- PRP 34823 5463 3 be be VBP 34823 5463 4 present present JJ 34823 5463 5 , , , 34823 5463 6 the the DT 34823 5463 7 ideation ideation NN 34823 5463 8 and and CC 34823 5463 9 explicit explicit JJ 34823 5463 10 judgment judgment NN 34823 5463 11 may may MD 34823 5463 12 be be VB 34823 5463 13 dispensed dispense VBN 34823 5463 14 with with IN 34823 5463 15 . . . 34823 5464 1 It -PRON- PRP 34823 5464 2 is be VBZ 34823 5464 3 , , , 34823 5464 4 however however RB 34823 5464 5 , , , 34823 5464 6 characteristic characteristic JJ 34823 5464 7 of of IN 34823 5464 8 economic economic JJ 34823 5464 9 values value NNS 34823 5464 10 , , , 34823 5464 11 particularly particularly RB 34823 5464 12 of of IN 34823 5464 13 the the DT 34823 5464 14 values value NNS 34823 5464 15 of of IN 34823 5464 16 instrumental instrumental JJ 34823 5464 17 goods good NNS 34823 5464 18 and and CC 34823 5464 19 of of IN 34823 5464 20 the the DT 34823 5464 21 goods good NNS 34823 5464 22 with with IN 34823 5464 23 which which WDT 34823 5464 24 business business NN 34823 5464 25 men man NNS 34823 5464 26 make make VBP 34823 5464 27 profits profit NNS 34823 5464 28 , , , 34823 5464 29 that that IN 34823 5464 30 the the DT 34823 5464 31 tendency tendency NN 34823 5464 32 to to TO 34823 5464 33 raise raise VB 34823 5464 34 the the DT 34823 5464 35 question question NN 34823 5464 36 of of IN 34823 5464 37 reality reality NN 34823 5464 38 , , , 34823 5464 39 to to TO 34823 5464 40 require require VB 34823 5464 41 explicit explicit JJ 34823 5464 42 judgment judgment NN 34823 5464 43 , , , 34823 5464 44 is be VBZ 34823 5464 45 strong strong JJ 34823 5464 46 . . . 34823 5465 1 The the DT 34823 5465 2 successful successful JJ 34823 5465 3 business business NN 34823 5465 4 man man NN 34823 5465 5 is be VBZ 34823 5465 6 necessarily necessarily RB 34823 5465 7 the the DT 34823 5465 8 man man NN 34823 5465 9 who who WP 34823 5465 10 does do VBZ 34823 5465 11 this this DT 34823 5465 12 , , , 34823 5465 13 who who WP 34823 5465 14 does do VBZ 34823 5465 15 not not RB 34823 5465 16 too too RB 34823 5465 17 highly highly RB 34823 5465 18 value value VB 34823 5465 19 the the DT 34823 5465 20 creatures creature NNS 34823 5465 21 of of IN 34823 5465 22 his -PRON- PRP$ 34823 5465 23 imagination imagination NN 34823 5465 24 , , , 34823 5465 25 when when WRB 34823 5465 26 he -PRON- PRP 34823 5465 27 imagines imagine VBZ 34823 5465 28 a a DT 34823 5465 29 vain vain JJ 34823 5465 30 thing thing NN 34823 5465 31 . . . 34823 5466 1 One one CD 34823 5466 2 need nee MD 34823 5466 3 not not RB 34823 5466 4 , , , 34823 5466 5 perhaps perhaps RB 34823 5466 6 , , , 34823 5466 7 seriously seriously RB 34823 5466 8 raise raise VB 34823 5466 9 the the DT 34823 5466 10 question question NN 34823 5466 11 as as IN 34823 5466 12 to to IN 34823 5466 13 the the DT 34823 5466 14 reality reality NN 34823 5466 15 of of IN 34823 5466 16 the the DT 34823 5466 17 loaf loaf NNS 34823 5466 18 of of IN 34823 5466 19 bread bread NN 34823 5466 20 he -PRON- PRP 34823 5466 21 buys buy VBZ 34823 5466 22 . . . 34823 5467 1 Explicit explicit JJ 34823 5467 2 judgment judgment NN 34823 5467 3 there there EX 34823 5467 4 would would MD 34823 5467 5 be be VB 34823 5467 6 superfluous superfluous JJ 34823 5467 7 . . . 34823 5468 1 But but CC 34823 5468 2 very very RB 34823 5468 3 serious serious JJ 34823 5468 4 questionings questioning NNS 34823 5468 5 come come VBP 34823 5468 6 in in RP 34823 5468 7 whenever whenever WRB 34823 5468 8 lands land NNS 34823 5468 9 or or CC 34823 5468 10 houses house NNS 34823 5468 11 or or CC 34823 5468 12 securities security NNS 34823 5468 13 or or CC 34823 5468 14 bills bill NNS 34823 5468 15 of of IN 34823 5468 16 exchange exchange NN 34823 5468 17 come come VBP 34823 5468 18 in in RP 34823 5468 19 . . . 34823 5469 1 One one PRP 34823 5469 2 needs need VBZ 34823 5469 3 to to TO 34823 5469 4 know know VB 34823 5469 5 what what WP 34823 5469 6 the the DT 34823 5469 7 facts fact NNS 34823 5469 8 are be VBP 34823 5469 9 , , , 34823 5469 10 and and CC 34823 5469 11 to to TO 34823 5469 12 make make VB 34823 5469 13 judgments judgment NNS 34823 5469 14 based base VBN 34823 5469 15 upon upon IN 34823 5469 16 them -PRON- PRP 34823 5469 17 . . . 34823 5470 1 Hence hence RB 34823 5470 2 , , , 34823 5470 3 for for IN 34823 5470 4 all all DT 34823 5470 5 values value NNS 34823 5470 6 of of IN 34823 5470 7 capital capital NN 34823 5470 8 goods good NNS 34823 5470 9 and and CC 34823 5470 10 income income NN 34823 5470 11 - - HYPH 34823 5470 12 bearers bearer NNS 34823 5470 13 , , , 34823 5470 14 for for IN 34823 5470 15 the the DT 34823 5470 16 values value NNS 34823 5470 17 which which WDT 34823 5470 18 pass pass VBP 34823 5470 19 in in IN 34823 5470 20 wholesale wholesale JJ 34823 5470 21 and and CC 34823 5470 22 speculative speculative JJ 34823 5470 23 trading trading NN 34823 5470 24 in in IN 34823 5470 25 general general JJ 34823 5470 26 , , , 34823 5470 27 the the DT 34823 5470 28 matter matter NN 34823 5470 29 of of IN 34823 5470 30 _ _ NNP 34823 5470 31 belief belief NN 34823 5470 32 _ _ NNP 34823 5470 33 is be VBZ 34823 5470 34 vitally vitally RB 34823 5470 35 important important JJ 34823 5470 36 . . . 34823 5471 1 Here here RB 34823 5471 2 , , , 34823 5471 3 again again RB 34823 5471 4 , , , 34823 5471 5 then then RB 34823 5471 6 , , , 34823 5471 7 we -PRON- PRP 34823 5471 8 have have VBP 34823 5471 9 nothing nothing NN 34823 5471 10 in in IN 34823 5471 11 the the DT 34823 5471 12 psychological psychological JJ 34823 5471 13 principles principle NNS 34823 5471 14 underlying underlie VBG 34823 5471 15 credit credit NN 34823 5471 16 phenomena phenomenon NNS 34823 5471 17 to to TO 34823 5471 18 mark mark VB 34823 5471 19 them -PRON- PRP 34823 5471 20 off off RP 34823 5471 21 from from IN 34823 5471 22 the the DT 34823 5471 23 general general JJ 34823 5471 24 field field NN 34823 5471 25 of of IN 34823 5471 26 value value NN 34823 5471 27 phenomena phenomenon NNS 34823 5471 28 . . . 34823 5472 1 The the DT 34823 5472 2 general general JJ 34823 5472 3 laws law NNS 34823 5472 4 of of IN 34823 5472 5 value value NN 34823 5472 6 , , , 34823 5472 7 then then RB 34823 5472 8 , , , 34823 5472 9 apply apply VB 34823 5472 10 in in IN 34823 5472 11 the the DT 34823 5472 12 case case NN 34823 5472 13 of of IN 34823 5472 14 credit credit NN 34823 5472 15 phenomena phenomenon NNS 34823 5472 16 . . . 34823 5473 1 We -PRON- PRP 34823 5473 2 find find VBP 34823 5473 3 nothing nothing NN 34823 5473 4 unique unique JJ 34823 5473 5 in in IN 34823 5473 6 essence essence NN 34823 5473 7 in in IN 34823 5473 8 them -PRON- PRP 34823 5473 9 . . . 34823 5474 1 The the DT 34823 5474 2 juridical juridical JJ 34823 5474 3 relations relation NNS 34823 5474 4 , , , 34823 5474 5 also also RB 34823 5474 6 , , , 34823 5474 7 in in IN 34823 5474 8 so so RB 34823 5474 9 far far RB 34823 5474 10 as as IN 34823 5474 11 they -PRON- PRP 34823 5474 12 have have VBP 34823 5474 13 economic economic JJ 34823 5474 14 significance significance NN 34823 5474 15 , , , 34823 5474 16 shade shade VB 34823 5474 17 into into IN 34823 5474 18 one one CD 34823 5474 19 another another DT 34823 5474 20 . . . 34823 5475 1 To to TO 34823 5475 2 buy buy VB 34823 5475 3 a a DT 34823 5475 4 bond bond NN 34823 5475 5 from from IN 34823 5475 6 a a DT 34823 5475 7 bondholder bondholder NN 34823 5475 8 is be VBZ 34823 5475 9 purchase purchase NN 34823 5475 10 and and CC 34823 5475 11 sale sale NN 34823 5475 12 . . . 34823 5476 1 To to TO 34823 5476 2 pay pay VB 34823 5476 3 a a DT 34823 5476 4 borrower borrow JJR 34823 5476 5 money money NN 34823 5476 6 for for IN 34823 5476 7 his -PRON- PRP$ 34823 5476 8 personal personal JJ 34823 5476 9 note note NN 34823 5476 10 is be VBZ 34823 5476 11 lending lend VBG 34823 5476 12 . . . 34823 5477 1 But but CC 34823 5477 2 from from IN 34823 5477 3 the the DT 34823 5477 4 standpoint standpoint NN 34823 5477 5 of of IN 34823 5477 6 the the DT 34823 5477 7 theory theory NN 34823 5477 8 of of IN 34823 5477 9 value value NN 34823 5477 10 and and CC 34823 5477 11 prices price NNS 34823 5477 12 this this DT 34823 5477 13 distinction distinction NN 34823 5477 14 may may MD 34823 5477 15 be be VB 34823 5477 16 ignored ignore VBN 34823 5477 17 . . . 34823 5478 1 We -PRON- PRP 34823 5478 2 may may MD 34823 5478 3 extend extend VB 34823 5478 4 the the DT 34823 5478 5 idea idea NN 34823 5478 6 of of IN 34823 5478 7 buying buying NN 34823 5478 8 , , , 34823 5478 9 selling selling NN 34823 5478 10 , , , 34823 5478 11 and and CC 34823 5478 12 price price NN 34823 5478 13 to to TO 34823 5478 14 cover cover VB 34823 5478 15 all all DT 34823 5478 16 contracts contract NNS 34823 5478 17 where where WRB 34823 5478 18 values value NNS 34823 5478 19 are be VBP 34823 5478 20 balanced balance VBN 34823 5478 21 against against IN 34823 5478 22 values value NNS 34823 5478 23 , , , 34823 5478 24 and and CC 34823 5478 25 expressed express VBN 34823 5478 26 in in IN 34823 5478 27 terms term NNS 34823 5478 28 of of IN 34823 5478 29 each each DT 34823 5478 30 other other JJ 34823 5478 31 . . . 34823 5479 1 Future future JJ 34823 5479 2 money money NN 34823 5479 3 has have VBZ 34823 5479 4 its -PRON- PRP$ 34823 5479 5 price price NN 34823 5479 6 in in IN 34823 5479 7 present present JJ 34823 5479 8 money money NN 34823 5479 9 , , , 34823 5479 10 just just RB 34823 5479 11 as as RB 34823 5479 12 much much JJ 34823 5479 13 as as IN 34823 5479 14 present present JJ 34823 5479 15 wheat wheat NN 34823 5479 16 has have VBZ 34823 5479 17 its -PRON- PRP$ 34823 5479 18 price price NN 34823 5479 19 in in IN 34823 5479 20 present present JJ 34823 5479 21 money money NN 34823 5479 22 . . . 34823 5480 1 Really really RB 34823 5480 2 it -PRON- PRP 34823 5480 3 is be VBZ 34823 5480 4 not not RB 34823 5480 5 future future JJ 34823 5480 6 money money NN 34823 5480 7 against against IN 34823 5480 8 present present JJ 34823 5480 9 money money NN 34823 5480 10 . . . 34823 5481 1 It -PRON- PRP 34823 5481 2 is be VBZ 34823 5481 3 a a DT 34823 5481 4 case case NN 34823 5481 5 of of IN 34823 5481 6 _ _ NNP 34823 5481 7 rights right NNS 34823 5481 8 _ _ NNP 34823 5481 9 , , , 34823 5481 10 which which WDT 34823 5481 11 involve involve VBP 34823 5481 12 the the DT 34823 5481 13 payment payment NN 34823 5481 14 of of IN 34823 5481 15 money money NN 34823 5481 16 in in IN 34823 5481 17 the the DT 34823 5481 18 future future NN 34823 5481 19 , , , 34823 5481 20 sold sell VBN 34823 5481 21 for for IN 34823 5481 22 money money NN 34823 5481 23 , , , 34823 5481 24 and and CC 34823 5481 25 priced price VBN 34823 5481 26 in in IN 34823 5481 27 money money NN 34823 5481 28 . . . 34823 5482 1 In in IN 34823 5482 2 general general JJ 34823 5482 3 , , , 34823 5482 4 it -PRON- PRP 34823 5482 5 is be VBZ 34823 5482 6 _ _ NNP 34823 5482 7 rights right NNS 34823 5482 8 _ _ NNP 34823 5482 9 , , , 34823 5482 10 rather rather RB 34823 5482 11 than than IN 34823 5482 12 _ _ NNP 34823 5482 13 things thing NNS 34823 5482 14 _ _ NNP 34823 5482 15 , , , 34823 5482 16 which which WDT 34823 5482 17 pass pass VBP 34823 5482 18 in in IN 34823 5482 19 economic economic JJ 34823 5482 20 exchange exchange NN 34823 5482 21 . . . 34823 5483 1 Physical physical JJ 34823 5483 2 delivery delivery NN 34823 5483 3 does do VBZ 34823 5483 4 not not RB 34823 5483 5 constitute constitute VB 34823 5483 6 selling sell VBG 34823 5483 7 . . . 34823 5484 1 Delivering deliver VBG 34823 5484 2 a a DT 34823 5484 3 load load NN 34823 5484 4 of of IN 34823 5484 5 wheat wheat NN 34823 5484 6 to to IN 34823 5484 7 a a DT 34823 5484 8 railroad railroad NN 34823 5484 9 does do VBZ 34823 5484 10 not not RB 34823 5484 11 constitute constitute VB 34823 5484 12 sale sale NN 34823 5484 13 of of IN 34823 5484 14 the the DT 34823 5484 15 wheat wheat NN 34823 5484 16 to to IN 34823 5484 17 the the DT 34823 5484 18 railroad railroad NN 34823 5484 19 ; ; : 34823 5484 20 selling sell VBG 34823 5484 21 a a DT 34823 5484 22 farm farm NN 34823 5484 23 does do VBZ 34823 5484 24 not not RB 34823 5484 25 involve involve VB 34823 5484 26 any any DT 34823 5484 27 physical physical JJ 34823 5484 28 moving moving NN 34823 5484 29 of of IN 34823 5484 30 the the DT 34823 5484 31 farm farm NN 34823 5484 32 . . . 34823 5485 1 Rights Rights NNPS 34823 5485 2 , , , 34823 5485 3 _ _ NNP 34823 5485 4 in in IN 34823 5485 5 personam personam NNP 34823 5485 6 _ _ NNP 34823 5485 7 or or CC 34823 5485 8 _ _ NNP 34823 5485 9 in in IN 34823 5485 10 rem rem NNP 34823 5485 11 _ _ NNP 34823 5485 12 , , , 34823 5485 13 are be VBP 34823 5485 14 objects object NNS 34823 5485 15 of of IN 34823 5485 16 economic economic JJ 34823 5485 17 value value NN 34823 5485 18 , , , 34823 5485 19 and and CC 34823 5485 20 the the DT 34823 5485 21 exchange exchange NN 34823 5485 22 of of IN 34823 5485 23 these these DT 34823 5485 24 rights right NNS 34823 5485 25 makes make VBZ 34823 5485 26 up up RP 34823 5485 27 the the DT 34823 5485 28 bulk bulk NN 34823 5485 29 , , , 34823 5485 30 if if IN 34823 5485 31 not not RB 34823 5485 32 the the DT 34823 5485 33 whole whole JJ 34823 5485 34 , , , 34823 5485 35 of of IN 34823 5485 36 economic economic JJ 34823 5485 37 exchange exchange NN 34823 5485 38 . . . 34823 5486 1 ( ( -LRB- 34823 5486 2 Exchange exchange NN 34823 5486 3 may may MD 34823 5486 4 be be VB 34823 5486 5 limited limit VBN 34823 5486 6 to to IN 34823 5486 7 the the DT 34823 5486 8 transfers transfer NNS 34823 5486 9 of of IN 34823 5486 10 juristic juristic JJ 34823 5486 11 rights right NNS 34823 5486 12 , , , 34823 5486 13 without without IN 34823 5486 14 value value NN 34823 5486 15 being be VBG 34823 5486 16 so so RB 34823 5486 17 limited limited JJ 34823 5486 18 . . . 34823 5487 1 I -PRON- PRP 34823 5487 2 have have VBP 34823 5487 3 discussed discuss VBN 34823 5487 4 the the DT 34823 5487 5 relations relation NNS 34823 5487 6 of of IN 34823 5487 7 value value NN 34823 5487 8 and and CC 34823 5487 9 exchange exchange NN 34823 5487 10 in in IN 34823 5487 11 the the DT 34823 5487 12 chapter chapter NN 34823 5487 13 on on IN 34823 5487 14 " " `` 34823 5487 15 Value Value NNP 34823 5487 16 , , , 34823 5487 17 " " '' 34823 5487 18 above above RB 34823 5487 19 . . . 34823 5487 20 ) ) -RRB- 34823 5488 1 Property property NN 34823 5488 2 rights right NNS 34823 5488 3 are be VBP 34823 5488 4 commonly commonly RB 34823 5488 5 conceived conceive VBN 34823 5488 6 of of IN 34823 5488 7 as as IN 34823 5488 8 the the DT 34823 5488 9 proper proper JJ 34823 5488 10 objects object NNS 34823 5488 11 of of IN 34823 5488 12 buying buying NN 34823 5488 13 and and CC 34823 5488 14 sale sale NN 34823 5488 15 . . . 34823 5489 1 Contracts contract NNS 34823 5489 2 involving involve VBG 34823 5489 3 the the DT 34823 5489 4 future future JJ 34823 5489 5 services service NNS 34823 5489 6 of of IN 34823 5489 7 free free JJ 34823 5489 8 men man NNS 34823 5489 9 stand stand VBP 34823 5489 10 legally legally RB 34823 5489 11 on on IN 34823 5489 12 a a DT 34823 5489 13 different different JJ 34823 5489 14 footing footing NN 34823 5489 15 from from IN 34823 5489 16 contracts contract NNS 34823 5489 17 regarding regard VBG 34823 5489 18 physical physical JJ 34823 5489 19 goods good NNS 34823 5489 20 . . . 34823 5490 1 But but CC 34823 5490 2 economic economic JJ 34823 5490 3 analysis analysis NN 34823 5490 4 is be VBZ 34823 5490 5 not not RB 34823 5490 6 greatly greatly RB 34823 5490 7 concerned concerned JJ 34823 5490 8 with with IN 34823 5490 9 these these DT 34823 5490 10 distinctions distinction NNS 34823 5490 11 , , , 34823 5490 12 except except IN 34823 5490 13 in in IN 34823 5490 14 so so RB 34823 5490 15 far far RB 34823 5490 16 as as IN 34823 5490 17 they -PRON- PRP 34823 5490 18 affect affect VBP 34823 5490 19 the the DT 34823 5490 20 values value NNS 34823 5490 21 of of IN 34823 5490 22 the the DT 34823 5490 23 things thing NNS 34823 5490 24 exchanged exchange VBD 34823 5490 25 , , , 34823 5490 26 and and CC 34823 5490 27 so so RB 34823 5490 28 the the DT 34823 5490 29 terms term NNS 34823 5490 30 of of IN 34823 5490 31 the the DT 34823 5490 32 exchanges exchange NNS 34823 5490 33 . . . 34823 5491 1 I -PRON- PRP 34823 5491 2 do do VBP 34823 5491 3 not not RB 34823 5491 4 believe believe VB 34823 5491 5 that that IN 34823 5491 6 the the DT 34823 5491 7 legal legal JJ 34823 5491 8 distinctions distinction NNS 34823 5491 9 can can MD 34823 5491 10 be be VB 34823 5491 11 made make VBN 34823 5491 12 to to TO 34823 5491 13 run run VB 34823 5491 14 on on IN 34823 5491 15 all all DT 34823 5491 16 fours four NNS 34823 5491 17 with with IN 34823 5491 18 any any DT 34823 5491 19 significant significant JJ 34823 5491 20 economic economic JJ 34823 5491 21 distinctions distinction NNS 34823 5491 22 , , , 34823 5491 23 and and CC 34823 5491 24 shall shall MD 34823 5491 25 not not RB 34823 5491 26 undertake undertake VB 34823 5491 27 to to TO 34823 5491 28 make make VB 34823 5491 29 them -PRON- PRP 34823 5491 30 do do VB 34823 5491 31 so so RB 34823 5491 32 . . . 34823 5492 1 In in IN 34823 5492 2 the the DT 34823 5492 3 phenomena phenomenon NNS 34823 5492 4 we -PRON- PRP 34823 5492 5 have have VBP 34823 5492 6 simply simply RB 34823 5492 7 cases case NNS 34823 5492 8 of of IN 34823 5492 9 buying buy VBG 34823 5492 10 and and CC 34823 5492 11 selling selling NN 34823 5492 12 ( ( -LRB- 34823 5492 13 in in IN 34823 5492 14 a a DT 34823 5492 15 generalized generalized JJ 34823 5492 16 sense sense NN 34823 5492 17 of of IN 34823 5492 18 those those DT 34823 5492 19 terms term NNS 34823 5492 20 ) ) -RRB- 34823 5492 21 of of IN 34823 5492 22 _ _ NNP 34823 5492 23 rights right NNS 34823 5492 24 _ _ NNP 34823 5492 25 , , , 34823 5492 26 at at IN 34823 5492 27 _ _ NNP 34823 5492 28 prices price NNS 34823 5492 29 _ _ NNP 34823 5492 30 ( ( -LRB- 34823 5492 31 by by IN 34823 5492 32 a a DT 34823 5492 33 very very RB 34823 5492 34 slight slight JJ 34823 5492 35 extension extension NN 34823 5492 36 of of IN 34823 5492 37 the the DT 34823 5492 38 term term NN 34823 5492 39 , , , 34823 5492 40 price price NN 34823 5492 41 , , , 34823 5492 42 to to TO 34823 5492 43 which which WDT 34823 5492 44 the the DT 34823 5492 45 market market NN 34823 5492 46 is be VBZ 34823 5492 47 well well RB 34823 5492 48 accustomed accustomed JJ 34823 5492 49 ) ) -RRB- 34823 5492 50 . . . 34823 5493 1 The the DT 34823 5493 2 terms term NNS 34823 5493 3 of of IN 34823 5493 4 these these DT 34823 5493 5 exchanges exchange NNS 34823 5493 6 , , , 34823 5493 7 the the DT 34823 5493 8 prices price NNS 34823 5493 9 , , , 34823 5493 10 are be VBP 34823 5493 11 governed govern VBN 34823 5493 12 by by IN 34823 5493 13 values value NNS 34823 5493 14 , , , 34823 5493 15 social social JJ 34823 5493 16 economic economic JJ 34823 5493 17 values value NNS 34823 5493 18 , , , 34823 5493 19 in in IN 34823 5493 20 no no DT 34823 5493 21 wise wise JJ 34823 5493 22 different different JJ 34823 5493 23 from from IN 34823 5493 24 the the DT 34823 5493 25 values value NNS 34823 5493 26 which which WDT 34823 5493 27 govern govern VBP 34823 5493 28 the the DT 34823 5493 29 prices price NNS 34823 5493 30 in in IN 34823 5493 31 exchanges exchange NNS 34823 5493 32 which which WDT 34823 5493 33 we -PRON- PRP 34823 5493 34 do do VBP 34823 5493 35 not not RB 34823 5493 36 class class VB 34823 5493 37 as as IN 34823 5493 38 credit credit NN 34823 5493 39 transactions transaction NNS 34823 5493 40 . . . 34823 5494 1 I -PRON- PRP 34823 5494 2 say say VBP 34823 5494 3 that that IN 34823 5494 4 credit credit NN 34823 5494 5 phenomena phenomenon NNS 34823 5494 6 are be VBP 34823 5494 7 exchanges exchange NNS 34823 5494 8 of of IN 34823 5494 9 rights right NNS 34823 5494 10 . . . 34823 5495 1 This this DT 34823 5495 2 is be VBZ 34823 5495 3 true true JJ 34823 5495 4 of of IN 34823 5495 5 all all DT 34823 5495 6 exchanges exchange NNS 34823 5495 7 . . . 34823 5496 1 We -PRON- PRP 34823 5496 2 do do VBP 34823 5496 3 not not RB 34823 5496 4 exchange exchange VB 34823 5496 5 rights right NNS 34823 5496 6 for for IN 34823 5496 7 money money NN 34823 5496 8 . . . 34823 5497 1 We -PRON- PRP 34823 5497 2 exchange exchange VBP 34823 5497 3 rights right NNS 34823 5497 4 to to IN 34823 5497 5 other other JJ 34823 5497 6 things thing NNS 34823 5497 7 for for IN 34823 5497 8 rights right NNS 34823 5497 9 to to IN 34823 5497 10 money money NN 34823 5497 11 . . . 34823 5498 1 The the DT 34823 5498 2 mere mere JJ 34823 5498 3 physical physical JJ 34823 5498 4 transfer transfer NN 34823 5498 5 , , , 34823 5498 6 even even RB 34823 5498 7 of of IN 34823 5498 8 money money NN 34823 5498 9 , , , 34823 5498 10 does do VBZ 34823 5498 11 not not RB 34823 5498 12 give give VB 34823 5498 13 rights right NNS 34823 5498 14 to to IN 34823 5498 15 the the DT 34823 5498 16 money money NN 34823 5498 17 . . . 34823 5499 1 I -PRON- PRP 34823 5499 2 may may MD 34823 5499 3 merely merely RB 34823 5499 4 be be VB 34823 5499 5 giving give VBG 34823 5499 6 you -PRON- PRP 34823 5499 7 the the DT 34823 5499 8 money money NN 34823 5499 9 for for IN 34823 5499 10 safe safe JJ 34823 5499 11 keeping keeping NN 34823 5499 12 , , , 34823 5499 13 or or CC 34823 5499 14 for for IN 34823 5499 15 use use NN 34823 5499 16 for for IN 34823 5499 17 my -PRON- PRP$ 34823 5499 18 purposes purpose NNS 34823 5499 19 . . . 34823 5500 1 While while IN 34823 5500 2 the the DT 34823 5500 3 law law NN 34823 5500 4 makes make VBZ 34823 5500 5 the the DT 34823 5500 6 rights right NNS 34823 5500 7 to to IN 34823 5500 8 money money NN 34823 5500 9 that that WDT 34823 5500 10 has have VBZ 34823 5500 11 left leave VBN 34823 5500 12 the the DT 34823 5500 13 hands hand NNS 34823 5500 14 of of IN 34823 5500 15 its -PRON- PRP$ 34823 5500 16 owner owner NN 34823 5500 17 less less RBR 34823 5500 18 lasting lasting JJ 34823 5500 19 , , , 34823 5500 20 as as IN 34823 5500 21 against against IN 34823 5500 22 innocent innocent JJ 34823 5500 23 third third JJ 34823 5500 24 parties party NNS 34823 5500 25 , , , 34823 5500 26 than than IN 34823 5500 27 in in IN 34823 5500 28 the the DT 34823 5500 29 case case NN 34823 5500 30 of of IN 34823 5500 31 other other JJ 34823 5500 32 objects object NNS 34823 5500 33 , , , 34823 5500 34 and and CC 34823 5500 35 while while IN 34823 5500 36 the the DT 34823 5500 37 right right NN 34823 5500 38 to to IN 34823 5500 39 money money NN 34823 5500 40 is be VBZ 34823 5500 41 always always RB 34823 5500 42 , , , 34823 5500 43 or or CC 34823 5500 44 almost almost RB 34823 5500 45 always always RB 34823 5500 46 , , , 34823 5500 47 met meet VBN 34823 5500 48 by by IN 34823 5500 49 returning return VBG 34823 5500 50 other other JJ 34823 5500 51 money money NN 34823 5500 52 of of IN 34823 5500 53 equal equal JJ 34823 5500 54 amount amount NN 34823 5500 55 , , , 34823 5500 56 even even RB 34823 5500 57 in in IN 34823 5500 58 the the DT 34823 5500 59 case case NN 34823 5500 60 of of IN 34823 5500 61 money money NN 34823 5500 62 it -PRON- PRP 34823 5500 63 is be VBZ 34823 5500 64 a a DT 34823 5500 65 right right NN 34823 5500 66 , , , 34823 5500 67 and and CC 34823 5500 68 not not RB 34823 5500 69 a a DT 34823 5500 70 mere mere JJ 34823 5500 71 physical physical JJ 34823 5500 72 transfer transfer NN 34823 5500 73 , , , 34823 5500 74 that that WDT 34823 5500 75 is be VBZ 34823 5500 76 significant significant JJ 34823 5500 77 . . . 34823 5501 1 Our -PRON- PRP$ 34823 5501 2 problem problem NN 34823 5501 3 regarding regard VBG 34823 5501 4 credit credit NN 34823 5501 5 is be VBZ 34823 5501 6 , , , 34823 5501 7 then then RB 34823 5501 8 , , , 34823 5501 9 much much RB 34823 5501 10 simplified simplify VBD 34823 5501 11 . . . 34823 5502 1 We -PRON- PRP 34823 5502 2 have have VBP 34823 5502 3 simply simply RB 34823 5502 4 to to TO 34823 5502 5 pick pick VB 34823 5502 6 out out RP 34823 5502 7 certain certain JJ 34823 5502 8 economic economic JJ 34823 5502 9 exchanges exchange NNS 34823 5502 10 to to TO 34823 5502 11 which which WDT 34823 5502 12 the the DT 34823 5502 13 name name NN 34823 5502 14 of of IN 34823 5502 15 credit credit NN 34823 5502 16 transactions transaction NNS 34823 5502 17 has have VBZ 34823 5502 18 been be VBN 34823 5502 19 applied,--a applied,--a NNP 34823 5502 20 various various JJ 34823 5502 21 and and CC 34823 5502 22 heterogeneous heterogeneous JJ 34823 5502 23 set set NN 34823 5502 24 of of IN 34823 5502 25 exchanges exchange NNS 34823 5502 26 , , , 34823 5502 27 in in IN 34823 5502 28 many many JJ 34823 5502 29 ways way NNS 34823 5502 30 -- -- : 34823 5502 31 and and CC 34823 5502 32 study study VB 34823 5502 33 them -PRON- PRP 34823 5502 34 , , , 34823 5502 35 to to TO 34823 5502 36 find find VB 34823 5502 37 their -PRON- PRP$ 34823 5502 38 peculiarities peculiarity NNS 34823 5502 39 . . . 34823 5503 1 These these DT 34823 5503 2 peculiarities peculiarity NNS 34823 5503 3 will will MD 34823 5503 4 not not RB 34823 5503 5 make make VB 34823 5503 6 them -PRON- PRP 34823 5503 7 exceptions exception NNS 34823 5503 8 to to IN 34823 5503 9 the the DT 34823 5503 10 general general JJ 34823 5503 11 laws law NNS 34823 5503 12 of of IN 34823 5503 13 value value NN 34823 5503 14 . . . 34823 5504 1 They -PRON- PRP 34823 5504 2 will will MD 34823 5504 3 make make VB 34823 5504 4 them -PRON- PRP 34823 5504 5 merely merely RB 34823 5504 6 special special JJ 34823 5504 7 cases case NNS 34823 5504 8 . . . 34823 5505 1 To to TO 34823 5505 2 find find VB 34823 5505 3 essential essential JJ 34823 5505 4 principles principle NNS 34823 5505 5 marking mark VBG 34823 5505 6 off off RP 34823 5505 7 credit credit NN 34823 5505 8 transactions transaction NNS 34823 5505 9 , , , 34823 5505 10 at at IN 34823 5505 11 large large JJ 34823 5505 12 , , , 34823 5505 13 from from IN 34823 5505 14 non non JJ 34823 5505 15 - - JJ 34823 5505 16 credit credit JJ 34823 5505 17 transactions transaction NNS 34823 5505 18 is be VBZ 34823 5505 19 an an DT 34823 5505 20 exceedingly exceedingly RB 34823 5505 21 difficult difficult JJ 34823 5505 22 thing thing NN 34823 5505 23 . . . 34823 5506 1 There there EX 34823 5506 2 are be VBP 34823 5506 3 more more JJR 34823 5506 4 differences difference NNS 34823 5506 5 among among IN 34823 5506 6 credit credit NN 34823 5506 7 transactions transaction NNS 34823 5506 8 themselves -PRON- PRP 34823 5506 9 , , , 34823 5506 10 than than IN 34823 5506 11 there there EX 34823 5506 12 are be VBP 34823 5506 13 between between IN 34823 5506 14 the the DT 34823 5506 15 genus genus NN 34823 5506 16 , , , 34823 5506 17 credit credit NN 34823 5506 18 transactions transaction NNS 34823 5506 19 , , , 34823 5506 20 and and CC 34823 5506 21 the the DT 34823 5506 22 class class NN 34823 5506 23 of of IN 34823 5506 24 things thing NNS 34823 5506 25 not not RB 34823 5506 26 called call VBN 34823 5506 27 by by IN 34823 5506 28 that that DT 34823 5506 29 name name NN 34823 5506 30 . . . 34823 5507 1 Thus thus RB 34823 5507 2 , , , 34823 5507 3 monthly monthly JJ 34823 5507 4 payments payment NNS 34823 5507 5 of of IN 34823 5507 6 rent rent NN 34823 5507 7 , , , 34823 5507 8 of of IN 34823 5507 9 wages wage NNS 34823 5507 10 , , , 34823 5507 11 of of IN 34823 5507 12 college college NN 34823 5507 13 professors professor NNS 34823 5507 14 ' ' POS 34823 5507 15 salaries salary NNS 34823 5507 16 , , , 34823 5507 17 are be VBP 34823 5507 18 not not RB 34823 5507 19 commonly commonly RB 34823 5507 20 called call VBN 34823 5507 21 credit credit NN 34823 5507 22 transactions transaction NNS 34823 5507 23 . . . 34823 5508 1 The the DT 34823 5508 2 monthly monthly JJ 34823 5508 3 payment payment NN 34823 5508 4 of of IN 34823 5508 5 grocery grocery NN 34823 5508 6 bills bill NNS 34823 5508 7 , , , 34823 5508 8 or or CC 34823 5508 9 of of IN 34823 5508 10 telephone telephone NN 34823 5508 11 bills bill NNS 34823 5508 12 , , , 34823 5508 13 involves involve VBZ 34823 5508 14 credit credit NN 34823 5508 15 . . . 34823 5509 1 Where where WRB 34823 5509 2 is be VBZ 34823 5509 3 a a DT 34823 5509 4 real real JJ 34823 5509 5 difference difference NN 34823 5509 6 to to TO 34823 5509 7 be be VB 34823 5509 8 found find VBN 34823 5509 9 ? ? . 34823 5510 1 On on IN 34823 5510 2 the the DT 34823 5510 3 other other JJ 34823 5510 4 hand hand NN 34823 5510 5 , , , 34823 5510 6 between between IN 34823 5510 7 book book NN 34823 5510 8 credit credit NN 34823 5510 9 between between IN 34823 5510 10 grocer grocer NN 34823 5510 11 and and CC 34823 5510 12 patron patron NN 34823 5510 13 on on IN 34823 5510 14 the the DT 34823 5510 15 one one CD 34823 5510 16 hand hand NN 34823 5510 17 , , , 34823 5510 18 and and CC 34823 5510 19 a a DT 34823 5510 20 bank bank NN 34823 5510 21 - - HYPH 34823 5510 22 note note NN 34823 5510 23 or or CC 34823 5510 24 deposit deposit NN 34823 5510 25 credit credit NN 34823 5510 26 on on IN 34823 5510 27 the the DT 34823 5510 28 other other JJ 34823 5510 29 , , , 34823 5510 30 the the DT 34823 5510 31 difference difference NN 34823 5510 32 is be VBZ 34823 5510 33 large large JJ 34823 5510 34 , , , 34823 5510 35 in in IN 34823 5510 36 many many JJ 34823 5510 37 practically practically RB 34823 5510 38 important important JJ 34823 5510 39 ways way NNS 34823 5510 40 . . . 34823 5511 1 Between between IN 34823 5511 2 a a DT 34823 5511 3 call call NN 34823 5511 4 loan loan NN 34823 5511 5 and and CC 34823 5511 6 a a DT 34823 5511 7 ten ten CD 34823 5511 8 year year NN 34823 5511 9 agricultural agricultural JJ 34823 5511 10 mortgage mortgage NN 34823 5511 11 - - HYPH 34823 5511 12 note note NN 34823 5511 13 , , , 34823 5511 14 the the DT 34823 5511 15 differences difference NNS 34823 5511 16 are be VBP 34823 5511 17 even even RB 34823 5511 18 greater great JJR 34823 5511 19 . . . 34823 5512 1 One one CD 34823 5512 2 may may MD 34823 5512 3 be be VB 34823 5512 4 disposed dispose VBN 34823 5512 5 to to TO 34823 5512 6 find find VB 34823 5512 7 the the DT 34823 5512 8 differences difference NNS 34823 5512 9 between between IN 34823 5512 10 credit credit NN 34823 5512 11 transactions transaction NNS 34823 5512 12 and and CC 34823 5512 13 non non JJ 34823 5512 14 - - JJ 34823 5512 15 credit credit JJ 34823 5512 16 transactions transaction NNS 34823 5512 17 in in IN 34823 5512 18 the the DT 34823 5512 19 fact fact NN 34823 5512 20 that that IN 34823 5512 21 the the DT 34823 5512 22 former former JJ 34823 5512 23 stipulate stipulate NN 34823 5512 24 a a DT 34823 5512 25 definite definite JJ 34823 5512 26 sum sum NN 34823 5512 27 of of IN 34823 5512 28 money money NN 34823 5512 29 , , , 34823 5512 30 due due JJ 34823 5512 31 at at IN 34823 5512 32 definite definite JJ 34823 5512 33 times time NNS 34823 5512 34 . . . 34823 5513 1 This this DT 34823 5513 2 would would MD 34823 5513 3 partly partly RB 34823 5513 4 differentiate differentiate VB 34823 5513 5 a a DT 34823 5513 6 bond bond NN 34823 5513 7 , , , 34823 5513 8 say say VB 34823 5513 9 , , , 34823 5513 10 from from IN 34823 5513 11 a a DT 34823 5513 12 stock stock NN 34823 5513 13 . . . 34823 5514 1 The the DT 34823 5514 2 bond bond NN 34823 5514 3 not not RB 34823 5514 4 merely merely RB 34823 5514 5 calls call VBZ 34823 5514 6 for for IN 34823 5514 7 stipulated stipulate VBN 34823 5514 8 yearly yearly JJ 34823 5514 9 payments payment NNS 34823 5514 10 , , , 34823 5514 11 but but CC 34823 5514 12 also also RB 34823 5514 13 calls call VBZ 34823 5514 14 for for IN 34823 5514 15 a a DT 34823 5514 16 definite definite JJ 34823 5514 17 payment payment NN 34823 5514 18 at at IN 34823 5514 19 the the DT 34823 5514 20 end end NN 34823 5514 21 . . . 34823 5515 1 This this DT 34823 5515 2 would would MD 34823 5515 3 , , , 34823 5515 4 however however RB 34823 5515 5 , , , 34823 5515 6 exclude exclude VB 34823 5515 7 British british JJ 34823 5515 8 Consols Consols NNPS 34823 5515 9 from from IN 34823 5515 10 the the DT 34823 5515 11 list list NN 34823 5515 12 of of IN 34823 5515 13 credit credit NN 34823 5515 14 instruments instrument NNS 34823 5515 15 ! ! . 34823 5516 1 British British NNP 34823 5516 2 Consols Consols NNPS 34823 5516 3 differ differ VBP 34823 5516 4 from from IN 34823 5516 5 safe safe JJ 34823 5516 6 preferred preferred JJ 34823 5516 7 stocks stock NNS 34823 5516 8 in in IN 34823 5516 9 legal legal JJ 34823 5516 10 , , , 34823 5516 11 rather rather RB 34823 5516 12 than than IN 34823 5516 13 in in IN 34823 5516 14 economic economic JJ 34823 5516 15 , , , 34823 5516 16 ways way NNS 34823 5516 17 . . . 34823 5517 1 Legally legally RB 34823 5517 2 they -PRON- PRP 34823 5517 3 are be VBP 34823 5517 4 alike alike RB 34823 5517 5 in in IN 34823 5517 6 that that DT 34823 5517 7 no no DT 34823 5517 8 terminal terminal JJ 34823 5517 9 payment payment NN 34823 5517 10 is be VBZ 34823 5517 11 called call VBN 34823 5517 12 for for IN 34823 5517 13 . . . 34823 5518 1 Practically practically RB 34823 5518 2 they -PRON- PRP 34823 5518 3 are be VBP 34823 5518 4 alike alike RB 34823 5518 5 in in IN 34823 5518 6 that that DT 34823 5518 7 annual annual JJ 34823 5518 8 regular regular JJ 34823 5518 9 sums sum NNS 34823 5518 10 may may MD 34823 5518 11 be be VB 34823 5518 12 expected expect VBN 34823 5518 13 . . . 34823 5519 1 It -PRON- PRP 34823 5519 2 may may MD 34823 5519 3 at at IN 34823 5519 4 least least JJS 34823 5519 5 be be VB 34823 5519 6 said say VBN 34823 5519 7 of of IN 34823 5519 8 credit credit NN 34823 5519 9 transactions transaction NNS 34823 5519 10 that that WDT 34823 5519 11 stipulated stipulate VBD 34823 5519 12 money money NN 34823 5519 13 payments payment NNS 34823 5519 14 , , , 34823 5519 15 either either CC 34823 5519 16 at at IN 34823 5519 17 a a DT 34823 5519 18 different different JJ 34823 5519 19 time time NN 34823 5519 20 or or CC 34823 5519 21 a a DT 34823 5519 22 different different JJ 34823 5519 23 _ _ NNP 34823 5519 24 place place NN 34823 5519 25 _ _ NNP 34823 5519 26 , , , 34823 5519 27 are be VBP 34823 5519 28 called call VBN 34823 5519 29 for for IN 34823 5519 30 . . . 34823 5520 1 This this DT 34823 5520 2 would would MD 34823 5520 3 include include VB 34823 5520 4 the the DT 34823 5520 5 telegraphic telegraphic JJ 34823 5520 6 transfers transfer NNS 34823 5520 7 of of IN 34823 5520 8 funds fund NNS 34823 5520 9 , , , 34823 5520 10 and and CC 34823 5520 11 would would MD 34823 5520 12 exclude exclude VB 34823 5520 13 the the DT 34823 5520 14 case case NN 34823 5520 15 where where WRB 34823 5520 16 A a NN 34823 5520 17 , , , 34823 5520 18 a a DT 34823 5520 19 farmer farmer NN 34823 5520 20 , , , 34823 5520 21 does do VBZ 34823 5520 22 a a DT 34823 5520 23 day day NN 34823 5520 24 's 's POS 34823 5520 25 work work NN 34823 5520 26 for for IN 34823 5520 27 B b NN 34823 5520 28 , , , 34823 5520 29 a a DT 34823 5520 30 neighbor neighbor NN 34823 5520 31 , , , 34823 5520 32 for for IN 34823 5520 33 the the DT 34823 5520 34 promise promise NN 34823 5520 35 of of IN 34823 5520 36 a a DT 34823 5520 37 day day NN 34823 5520 38 's 's POS 34823 5520 39 work work NN 34823 5520 40 in in IN 34823 5520 41 return return NN 34823 5520 42 at at IN 34823 5520 43 a a DT 34823 5520 44 later later JJ 34823 5520 45 season season NN 34823 5520 46 . . . 34823 5521 1 The the DT 34823 5521 2 latter latter JJ 34823 5521 3 transaction transaction NN 34823 5521 4 involves involve VBZ 34823 5521 5 many many JJ 34823 5521 6 of of IN 34823 5521 7 the the DT 34823 5521 8 elements element NNS 34823 5521 9 that that IN 34823 5521 10 definitions definition NNS 34823 5521 11 of of IN 34823 5521 12 credit credit NN 34823 5521 13 have have VBP 34823 5521 14 included include VBN 34823 5521 15 , , , 34823 5521 16 but but CC 34823 5521 17 I -PRON- PRP 34823 5521 18 think think VBP 34823 5521 19 that that IN 34823 5521 20 we -PRON- PRP 34823 5521 21 may may MD 34823 5521 22 at at IN 34823 5521 23 least least JJS 34823 5521 24 limit limit VB 34823 5521 25 our -PRON- PRP$ 34823 5521 26 conception conception NN 34823 5521 27 of of IN 34823 5521 28 credit credit NN 34823 5521 29 transactions transaction NNS 34823 5521 30 to to IN 34823 5521 31 transactions transaction NNS 34823 5521 32 within within IN 34823 5521 33 a a DT 34823 5521 34 money money NN 34823 5521 35 economy economy NN 34823 5521 36 , , , 34823 5521 37 where where WRB 34823 5521 38 money money NN 34823 5521 39 , , , 34823 5521 40 as as IN 34823 5521 41 a a DT 34823 5521 42 measure measure NN 34823 5521 43 of of IN 34823 5521 44 values value NNS 34823 5521 45 , , , 34823 5521 46 functions function NNS 34823 5521 47 in in IN 34823 5521 48 the the DT 34823 5521 49 calculations calculation NNS 34823 5521 50 . . . 34823 5522 1 Shall Shall MD 34823 5522 2 we -PRON- PRP 34823 5522 3 , , , 34823 5522 4 however however RB 34823 5522 5 , , , 34823 5522 6 limit limit VB 34823 5522 7 credit credit NN 34823 5522 8 transactions transaction NNS 34823 5522 9 to to IN 34823 5522 10 cases case NNS 34823 5522 11 where where WRB 34823 5522 12 a a DT 34823 5522 13 stipulated stipulate VBN 34823 5522 14 _ _ NNP 34823 5522 15 amount amount NN 34823 5522 16 _ _ NNP 34823 5522 17 of of IN 34823 5522 18 money money NN 34823 5522 19 is be VBZ 34823 5522 20 named name VBN 34823 5522 21 in in IN 34823 5522 22 the the DT 34823 5522 23 contract contract NN 34823 5522 24 , , , 34823 5522 25 for for IN 34823 5522 26 a a DT 34823 5522 27 stipulated stipulate VBN 34823 5522 28 time time NN 34823 5522 29 ? ? . 34823 5523 1 Shall Shall MD 34823 5523 2 we -PRON- PRP 34823 5523 3 exclude exclude VB 34823 5523 4 contracts contract NNS 34823 5523 5 where where WRB 34823 5523 6 the the DT 34823 5523 7 payment payment NN 34823 5523 8 of of IN 34823 5523 9 money money NN 34823 5523 10 is be VBZ 34823 5523 11 made make VBN 34823 5523 12 contingent contingent JJ 34823 5523 13 on on IN 34823 5523 14 anything anything NN 34823 5523 15 ? ? . 34823 5524 1 By by IN 34823 5524 2 contingency contingency NN 34823 5524 3 here here RB 34823 5524 4 I -PRON- PRP 34823 5524 5 mean mean VBP 34823 5524 6 legal legal JJ 34823 5524 7 contingency contingency NN 34823 5524 8 . . . 34823 5525 1 This this DT 34823 5525 2 test test NN 34823 5525 3 would would MD 34823 5525 4 exclude exclude VB 34823 5525 5 the the DT 34823 5525 6 highest high JJS 34823 5525 7 grade grade NN 34823 5525 8 preferred prefer VBN 34823 5525 9 stock stock NN 34823 5525 10 . . . 34823 5526 1 It -PRON- PRP 34823 5526 2 would would MD 34823 5526 3 include include VB 34823 5526 4 the the DT 34823 5526 5 shakiest shaky JJS 34823 5526 6 bonds bond NNS 34823 5526 7 that that WDT 34823 5526 8 contained contain VBD 34823 5526 9 , , , 34823 5526 10 in in IN 34823 5526 11 the the DT 34823 5526 12 terms term NNS 34823 5526 13 of of IN 34823 5526 14 the the DT 34823 5526 15 contract contract NN 34823 5526 16 , , , 34823 5526 17 no no DT 34823 5526 18 contingency contingency NN 34823 5526 19 . . . 34823 5527 1 But but CC 34823 5527 2 where where WRB 34823 5527 3 , , , 34823 5527 4 then then RB 34823 5527 5 , , , 34823 5527 6 would would MD 34823 5527 7 one one CD 34823 5527 8 place place VB 34823 5527 9 such such PDT 34823 5527 10 an an DT 34823 5527 11 instrument instrument NN 34823 5527 12 as as IN 34823 5527 13 the the DT 34823 5527 14 Seaboard Seaboard NNP 34823 5527 15 Airline Airline NNP 34823 5527 16 Adjustment Adjustment NNP 34823 5527 17 5 5 CD 34823 5527 18 % % NN 34823 5527 19 Bonds Bonds NNP 34823 5527 20 , , , 34823 5527 21 which which WDT 34823 5527 22 may may MD 34823 5527 23 default default VB 34823 5527 24 in in IN 34823 5527 25 a a DT 34823 5527 26 given give VBN 34823 5527 27 year year NN 34823 5527 28 half half NN 34823 5527 29 of of IN 34823 5527 30 the the DT 34823 5527 31 interest interest NN 34823 5527 32 , , , 34823 5527 33 if if IN 34823 5527 34 it -PRON- PRP 34823 5527 35 is be VBZ 34823 5527 36 not not RB 34823 5527 37 earned,[506 earned,[506 JJ 34823 5527 38 ] ] -RRB- 34823 5527 39 and and CC 34823 5527 40 which which WDT 34823 5527 41 yet yet RB 34823 5527 42 call call VBP 34823 5527 43 for for IN 34823 5527 44 the the DT 34823 5527 45 payment payment NN 34823 5527 46 of of IN 34823 5527 47 the the DT 34823 5527 48 principal principal NN 34823 5527 49 at at IN 34823 5527 50 a a DT 34823 5527 51 stipulated stipulate VBN 34823 5527 52 time time NN 34823 5527 53 ? ? . 34823 5528 1 What what WP 34823 5528 2 shall shall MD 34823 5528 3 we -PRON- PRP 34823 5528 4 say say VB 34823 5528 5 of of IN 34823 5528 6 " " `` 34823 5528 7 borrowing borrowing NN 34823 5528 8 and and CC 34823 5528 9 carrying carry VBG 34823 5528 10 " " `` 34823 5528 11 transactions transaction NNS 34823 5528 12 on on IN 34823 5528 13 the the DT 34823 5528 14 stock stock NN 34823 5528 15 exchange exchange NN 34823 5528 16 ? ? . 34823 5529 1 Is be VBZ 34823 5529 2 not not RB 34823 5529 3 the the DT 34823 5529 4 loan loan NN 34823 5529 5 of of IN 34823 5529 6 stocks stock NNS 34823 5529 7 a a DT 34823 5529 8 real real JJ 34823 5529 9 credit credit NN 34823 5529 10 transaction transaction NN 34823 5529 11 ? ? . 34823 5530 1 Ordinarily ordinarily RB 34823 5530 2 , , , 34823 5530 3 when when WRB 34823 5530 4 stocks stock NNS 34823 5530 5 are be VBP 34823 5530 6 put put VBN 34823 5530 7 up up RP 34823 5530 8 as as IN 34823 5530 9 collateral collateral NN 34823 5530 10 , , , 34823 5530 11 one one PRP 34823 5530 12 thinks think VBZ 34823 5530 13 of of IN 34823 5530 14 the the DT 34823 5530 15 money money NN 34823 5530 16 as as IN 34823 5530 17 being be VBG 34823 5530 18 lent lend VBN 34823 5530 19 , , , 34823 5530 20 and and CC 34823 5530 21 the the DT 34823 5530 22 stock stock NN 34823 5530 23 merely merely RB 34823 5530 24 as as IN 34823 5530 25 a a DT 34823 5530 26 pledge pledge NN 34823 5530 27 . . . 34823 5531 1 But but CC 34823 5531 2 in in IN 34823 5531 3 the the DT 34823 5531 4 case case NN 34823 5531 5 of of IN 34823 5531 6 borrowing borrow VBG 34823 5531 7 stocks stock NNS 34823 5531 8 by by IN 34823 5531 9 a a DT 34823 5531 10 bear bear NN 34823 5531 11 to to TO 34823 5531 12 deliver deliver VB 34823 5531 13 next next JJ 34823 5531 14 day day NN 34823 5531 15 , , , 34823 5531 16 the the DT 34823 5531 17 transaction transaction NN 34823 5531 18 is be VBZ 34823 5531 19 definitely definitely RB 34823 5531 20 thought think VBN 34823 5531 21 of of IN 34823 5531 22 as as IN 34823 5531 23 a a DT 34823 5531 24 loan loan NN 34823 5531 25 of of IN 34823 5531 26 stock stock NN 34823 5531 27 . . . 34823 5532 1 It -PRON- PRP 34823 5532 2 is be VBZ 34823 5532 3 sometimes sometimes RB 34823 5532 4 paid pay VBN 34823 5532 5 for for IN 34823 5532 6 , , , 34823 5532 7 the the DT 34823 5532 8 bear bear NN 34823 5532 9 paying pay VBG 34823 5532 10 the the DT 34823 5532 11 bull bull NN 34823 5532 12 a a DT 34823 5532 13 premium premium NN 34823 5532 14 , , , 34823 5532 15 instead instead RB 34823 5532 16 of of IN 34823 5532 17 receiving receive VBG 34823 5532 18 interest interest NN 34823 5532 19 on on IN 34823 5532 20 the the DT 34823 5532 21 money money NN 34823 5532 22 he -PRON- PRP 34823 5532 23 has have VBZ 34823 5532 24 turned turn VBN 34823 5532 25 over over RP 34823 5532 26 to to IN 34823 5532 27 the the DT 34823 5532 28 bull bull NN 34823 5532 29 as as IN 34823 5532 30 a a DT 34823 5532 31 " " `` 34823 5532 32 pledge pledge NN 34823 5532 33 . . . 34823 5532 34 " " '' 34823 5533 1 The the DT 34823 5533 2 more more RBR 34823 5533 3 usual usual JJ 34823 5533 4 thing thing NN 34823 5533 5 , , , 34823 5533 6 is be VBZ 34823 5533 7 , , , 34823 5533 8 of of IN 34823 5533 9 course course NN 34823 5533 10 , , , 34823 5533 11 for for IN 34823 5533 12 the the DT 34823 5533 13 bull bull NN 34823 5533 14 to to TO 34823 5533 15 pay pay VB 34823 5533 16 the the DT 34823 5533 17 bear bear NN 34823 5533 18 interest interest NN 34823 5533 19 . . . 34823 5534 1 But but CC 34823 5534 2 in in IN 34823 5534 3 a a DT 34823 5534 4 contract contract NN 34823 5534 5 like like IN 34823 5534 6 this this DT 34823 5534 7 , , , 34823 5534 8 there there EX 34823 5534 9 are be VBP 34823 5534 10 many many JJ 34823 5534 11 contingencies contingency NNS 34823 5534 12 . . . 34823 5535 1 As as IN 34823 5535 2 the the DT 34823 5535 3 stock stock NN 34823 5535 4 rises rise VBZ 34823 5535 5 in in IN 34823 5535 6 value value NN 34823 5535 7 , , , 34823 5535 8 the the DT 34823 5535 9 bear bear NN 34823 5535 10 must must MD 34823 5535 11 lend lend VB 34823 5535 12 more more JJR 34823 5535 13 money money NN 34823 5535 14 to to IN 34823 5535 15 the the DT 34823 5535 16 bull bull NN 34823 5535 17 ; ; : 34823 5535 18 if if IN 34823 5535 19 the the DT 34823 5535 20 stock stock NN 34823 5535 21 falls fall VBZ 34823 5535 22 , , , 34823 5535 23 the the DT 34823 5535 24 bull bull NN 34823 5535 25 must must MD 34823 5535 26 return return VB 34823 5535 27 part part NN 34823 5535 28 of of IN 34823 5535 29 the the DT 34823 5535 30 money money NN 34823 5535 31 to to IN 34823 5535 32 the the DT 34823 5535 33 bear bear NN 34823 5535 34 . . . 34823 5536 1 Both both DT 34823 5536 2 times time NNS 34823 5536 3 and and CC 34823 5536 4 amounts amount NNS 34823 5536 5 are be VBP 34823 5536 6 here here RB 34823 5536 7 contingent contingent JJ 34823 5536 8 , , , 34823 5536 9 even even RB 34823 5536 10 though though IN 34823 5536 11 in in IN 34823 5536 12 the the DT 34823 5536 13 end end NN 34823 5536 14 the the DT 34823 5536 15 amounts amount NNS 34823 5536 16 lent lend VBN 34823 5536 17 and and CC 34823 5536 18 repaid repay VBN 34823 5536 19 balance balance NN 34823 5536 20 . . . 34823 5537 1 Call call VB 34823 5537 2 loans loan NNS 34823 5537 3 , , , 34823 5537 4 of of IN 34823 5537 5 course course NN 34823 5537 6 , , , 34823 5537 7 do do VB 34823 5537 8 not not RB 34823 5537 9 call call VB 34823 5537 10 for for IN 34823 5537 11 payment payment NN 34823 5537 12 at at IN 34823 5537 13 a a DT 34823 5537 14 stipulated stipulate VBN 34823 5537 15 time time NN 34823 5537 16 , , , 34823 5537 17 and and CC 34823 5537 18 the the DT 34823 5537 19 same same JJ 34823 5537 20 is be VBZ 34823 5537 21 true true JJ 34823 5537 22 of of IN 34823 5537 23 bank bank NN 34823 5537 24 - - HYPH 34823 5537 25 deposits deposit NNS 34823 5537 26 and and CC 34823 5537 27 bank bank NN 34823 5537 28 - - HYPH 34823 5537 29 notes note NNS 34823 5537 30 , , , 34823 5537 31 and and CC 34823 5537 32 of of IN 34823 5537 33 many many JJ 34823 5537 34 other other JJ 34823 5537 35 forms form NNS 34823 5537 36 of of IN 34823 5537 37 credit credit NN 34823 5537 38 . . . 34823 5538 1 Interest interest NN 34823 5538 2 on on IN 34823 5538 3 deposits deposit NNS 34823 5538 4 in in IN 34823 5538 5 mutual mutual JJ 34823 5538 6 savings saving NNS 34823 5538 7 banks bank NNS 34823 5538 8 is be VBZ 34823 5538 9 contingent contingent JJ 34823 5538 10 , , , 34823 5538 11 legally legally RB 34823 5538 12 , , , 34823 5538 13 as as IN 34823 5538 14 to to TO 34823 5538 15 amount amount VB 34823 5538 16 . . . 34823 5539 1 Are be VBP 34823 5539 2 insurance insurance NN 34823 5539 3 policies policy NNS 34823 5539 4 credit credit NN 34823 5539 5 instruments instrument NNS 34823 5539 6 ? ? . 34823 5540 1 What what WP 34823 5540 2 of of IN 34823 5540 3 endowment endowment NN 34823 5540 4 policies policy NNS 34823 5540 5 ? ? . 34823 5541 1 It -PRON- PRP 34823 5541 2 is be VBZ 34823 5541 3 easy easy JJ 34823 5541 4 to to TO 34823 5541 5 draw draw VB 34823 5541 6 legal legal JJ 34823 5541 7 distinctions distinction NNS 34823 5541 8 in in IN 34823 5541 9 all all PDT 34823 5541 10 these these DT 34823 5541 11 cases case NNS 34823 5541 12 , , , 34823 5541 13 but but CC 34823 5541 14 to to TO 34823 5541 15 show show VB 34823 5541 16 that that IN 34823 5541 17 definite definite JJ 34823 5541 18 and and CC 34823 5541 19 uniform uniform JJ 34823 5541 20 economic economic JJ 34823 5541 21 consequences consequence NNS 34823 5541 22 flow flow VBP 34823 5541 23 from from IN 34823 5541 24 these these DT 34823 5541 25 legal legal JJ 34823 5541 26 distinctions distinction NNS 34823 5541 27 is be VBZ 34823 5541 28 quite quite RB 34823 5541 29 impossible impossible JJ 34823 5541 30 . . . 34823 5542 1 Rather rather RB 34823 5542 2 , , , 34823 5542 3 it -PRON- PRP 34823 5542 4 is be VBZ 34823 5542 5 easily easily RB 34823 5542 6 possible possible JJ 34823 5542 7 to to TO 34823 5542 8 show show VB 34823 5542 9 that that DT 34823 5542 10 uniform uniform JJ 34823 5542 11 or or CC 34823 5542 12 certain certain JJ 34823 5542 13 economic economic JJ 34823 5542 14 consequences consequence NNS 34823 5542 15 do do VBP 34823 5542 16 not not RB 34823 5542 17 , , , 34823 5542 18 in in IN 34823 5542 19 general general JJ 34823 5542 20 , , , 34823 5542 21 flow flow VB 34823 5542 22 from from IN 34823 5542 23 them -PRON- PRP 34823 5542 24 . . . 34823 5543 1 I -PRON- PRP 34823 5543 2 shall shall MD 34823 5543 3 refrain refrain VB 34823 5543 4 from from IN 34823 5543 5 the the DT 34823 5543 6 effort effort NN 34823 5543 7 to to TO 34823 5543 8 give give VB 34823 5543 9 a a DT 34823 5543 10 general general JJ 34823 5543 11 , , , 34823 5543 12 fundamental fundamental JJ 34823 5543 13 definition definition NN 34823 5543 14 of of IN 34823 5543 15 credit credit NN 34823 5543 16 . . . 34823 5544 1 I -PRON- PRP 34823 5544 2 shall shall MD 34823 5544 3 rather rather RB 34823 5544 4 discuss discuss VB 34823 5544 5 certain certain JJ 34823 5544 6 of of IN 34823 5544 7 the the DT 34823 5544 8 more more RBR 34823 5544 9 important important JJ 34823 5544 10 types type NNS 34823 5544 11 of of IN 34823 5544 12 what what WP 34823 5544 13 have have VBP 34823 5544 14 been be VBN 34823 5544 15 called call VBN 34823 5544 16 credit credit NN 34823 5544 17 , , , 34823 5544 18 with with IN 34823 5544 19 a a DT 34823 5544 20 view view NN 34823 5544 21 to to IN 34823 5544 22 seeing see VBG 34823 5544 23 what what WP 34823 5544 24 bearing bearing NN 34823 5544 25 they -PRON- PRP 34823 5544 26 have have VBP 34823 5544 27 on on IN 34823 5544 28 the the DT 34823 5544 29 problems problem NNS 34823 5544 30 with with IN 34823 5544 31 which which WDT 34823 5544 32 this this DT 34823 5544 33 book book NN 34823 5544 34 is be VBZ 34823 5544 35 concerned concern VBN 34823 5544 36 ; ; : 34823 5544 37 the the DT 34823 5544 38 value value NN 34823 5544 39 of of IN 34823 5544 40 money money NN 34823 5544 41 , , , 34823 5544 42 and and CC 34823 5544 43 prices price NNS 34823 5544 44 . . . 34823 5545 1 The the DT 34823 5545 2 general general JJ 34823 5545 3 class class NN 34823 5545 4 of of IN 34823 5545 5 transactions transaction NNS 34823 5545 6 to to TO 34823 5545 7 which which WDT 34823 5545 8 the the DT 34823 5545 9 name name NN 34823 5545 10 , , , 34823 5545 11 credit credit NN 34823 5545 12 transactions transaction NNS 34823 5545 13 , , , 34823 5545 14 has have VBZ 34823 5545 15 been be VBN 34823 5545 16 applied apply VBN 34823 5545 17 may may MD 34823 5545 18 be be VB 34823 5545 19 roughly roughly RB 34823 5545 20 designated designate VBN 34823 5545 21 as as IN 34823 5545 22 transactions transaction NNS 34823 5545 23 in in IN 34823 5545 24 which which WDT 34823 5545 25 the the DT 34823 5545 26 consideration consideration NN 34823 5545 27 on on IN 34823 5545 28 one one CD 34823 5545 29 side side NN 34823 5545 30 , , , 34823 5545 31 at at IN 34823 5545 32 least least JJS 34823 5545 33 , , , 34823 5545 34 is be VBZ 34823 5545 35 the the DT 34823 5545 36 assumption assumption NN 34823 5545 37 of of IN 34823 5545 38 a a DT 34823 5545 39 debt debt NN 34823 5545 40 , , , 34823 5545 41 running run VBG 34823 5545 42 in in IN 34823 5545 43 terms term NNS 34823 5545 44 of of IN 34823 5545 45 money money NN 34823 5545 46 ( ( -LRB- 34823 5545 47 though though IN 34823 5545 48 not not RB 34823 5545 49 necessarily necessarily RB 34823 5545 50 to to TO 34823 5545 51 be be VB 34823 5545 52 paid pay VBN 34823 5545 53 in in IN 34823 5545 54 actual actual JJ 34823 5545 55 money money NN 34823 5545 56 ) ) -RRB- 34823 5545 57 , , , 34823 5545 58 payable payable JJ 34823 5545 59 either either CC 34823 5545 60 at at IN 34823 5545 61 a a DT 34823 5545 62 future future JJ 34823 5545 63 time time NN 34823 5545 64 or or CC 34823 5545 65 at at IN 34823 5545 66 another another DT 34823 5545 67 place place NN 34823 5545 68 . . . 34823 5546 1 Objections objection NNS 34823 5546 2 can can MD 34823 5546 3 be be VB 34823 5546 4 found find VBN 34823 5546 5 to to IN 34823 5546 6 this this DT 34823 5546 7 definition definition NN 34823 5546 8 . . . 34823 5547 1 It -PRON- PRP 34823 5547 2 does do VBZ 34823 5547 3 not not RB 34823 5547 4 meet meet VB 34823 5547 5 the the DT 34823 5547 6 fundamental fundamental JJ 34823 5547 7 test test NN 34823 5547 8 of of IN 34823 5547 9 a a DT 34823 5547 10 definition definition NN 34823 5547 11 that that IN 34823 5547 12 , , , 34823 5547 13 for for IN 34823 5547 14 the the DT 34823 5547 15 purpose purpose NN 34823 5547 16 in in IN 34823 5547 17 hand hand NN 34823 5547 18 , , , 34823 5547 19 it -PRON- PRP 34823 5547 20 should should MD 34823 5547 21 seize seize VB 34823 5547 22 upon upon IN 34823 5547 23 the the DT 34823 5547 24 essential essential JJ 34823 5547 25 and and CC 34823 5547 26 unique unique JJ 34823 5547 27 characteristic characteristic NN 34823 5547 28 of of IN 34823 5547 29 the the DT 34823 5547 30 things thing NNS 34823 5547 31 marked mark VBN 34823 5547 32 off off RP 34823 5547 33 . . . 34823 5548 1 I -PRON- PRP 34823 5548 2 am be VBP 34823 5548 3 not not RB 34823 5548 4 sure sure JJ 34823 5548 5 that that IN 34823 5548 6 it -PRON- PRP 34823 5548 7 meets meet VBZ 34823 5548 8 the the DT 34823 5548 9 tests test NNS 34823 5548 10 of of IN 34823 5548 11 inclusiveness inclusiveness NN 34823 5548 12 and and CC 34823 5548 13 exclusiveness exclusiveness NN 34823 5548 14 even even RB 34823 5548 15 for for IN 34823 5548 16 those those DT 34823 5548 17 transactions transaction NNS 34823 5548 18 which which WDT 34823 5548 19 we -PRON- PRP 34823 5548 20 call call VBP 34823 5548 21 credit credit NN 34823 5548 22 transactions transaction NNS 34823 5548 23 . . . 34823 5549 1 Thus thus RB 34823 5549 2 , , , 34823 5549 3 if if IN 34823 5549 4 A a NN 34823 5549 5 and and CC 34823 5549 6 B b NN 34823 5549 7 go go VB 34823 5549 8 to to IN 34823 5549 9 the the DT 34823 5549 10 bank bank NN 34823 5549 11 together together RB 34823 5549 12 , , , 34823 5549 13 and and CC 34823 5549 14 A a DT 34823 5549 15 there there EX 34823 5549 16 buys buy VBZ 34823 5549 17 B B NNP 34823 5549 18 's 's POS 34823 5549 19 horse horse NN 34823 5549 20 , , , 34823 5549 21 standing stand VBG 34823 5549 22 in in IN 34823 5549 23 front front NN 34823 5549 24 of of IN 34823 5549 25 the the DT 34823 5549 26 bank bank NN 34823 5549 27 , , , 34823 5549 28 giving give VBG 34823 5549 29 B b NN 34823 5549 30 in in IN 34823 5549 31 return return NN 34823 5549 32 a a DT 34823 5549 33 check check NN 34823 5549 34 , , , 34823 5549 35 which which WDT 34823 5549 36 B B NNP 34823 5549 37 immediately immediately RB 34823 5549 38 cashes cash VBZ 34823 5549 39 in in IN 34823 5549 40 the the DT 34823 5549 41 same same JJ 34823 5549 42 room room NN 34823 5549 43 where where WRB 34823 5549 44 the the DT 34823 5549 45 check check NN 34823 5549 46 is be VBZ 34823 5549 47 drawn draw VBN 34823 5549 48 , , , 34823 5549 49 the the DT 34823 5549 50 idea idea NN 34823 5549 51 of of IN 34823 5549 52 different different JJ 34823 5549 53 time time NN 34823 5549 54 or or CC 34823 5549 55 different different JJ 34823 5549 56 place place NN 34823 5549 57 is be VBZ 34823 5549 58 not not RB 34823 5549 59 realized realize VBN 34823 5549 60 in in IN 34823 5549 61 any any DT 34823 5549 62 but but IN 34823 5549 63 a a DT 34823 5549 64 technical technical JJ 34823 5549 65 sense sense NN 34823 5549 66 . . . 34823 5550 1 A a DT 34823 5550 2 , , , 34823 5550 3 in in IN 34823 5550 4 drawing draw VBG 34823 5550 5 the the DT 34823 5550 6 check check NN 34823 5550 7 is be VBZ 34823 5550 8 , , , 34823 5550 9 of of IN 34823 5550 10 course course NN 34823 5550 11 , , , 34823 5550 12 assuming assume VBG 34823 5550 13 a a DT 34823 5550 14 debt debt NN 34823 5550 15 . . . 34823 5551 1 The the DT 34823 5551 2 check check NN 34823 5551 3 , , , 34823 5551 4 if if IN 34823 5551 5 repudiated repudiate VBN 34823 5551 6 by by IN 34823 5551 7 the the DT 34823 5551 8 bank bank NN 34823 5551 9 , , , 34823 5551 10 becomes become VBZ 34823 5551 11 a a DT 34823 5551 12 note note NN 34823 5551 13 , , , 34823 5551 14 which which WDT 34823 5551 15 A a DT 34823 5551 16 must must MD 34823 5551 17 pay pay VB 34823 5551 18 . . . 34823 5552 1 A a DT 34823 5552 2 , , , 34823 5552 3 moreover moreover RB 34823 5552 4 , , , 34823 5552 5 is be VBZ 34823 5552 6 paying pay VBG 34823 5552 7 B b NN 34823 5552 8 , , , 34823 5552 9 not not RB 34823 5552 10 with with IN 34823 5552 11 money money NN 34823 5552 12 , , , 34823 5552 13 but but CC 34823 5552 14 with with IN 34823 5552 15 the the DT 34823 5552 16 transfer transfer NN 34823 5552 17 of of IN 34823 5552 18 a a DT 34823 5552 19 claim claim NN 34823 5552 20 on on IN 34823 5552 21 the the DT 34823 5552 22 bank bank NN 34823 5552 23 , , , 34823 5552 24 and and CC 34823 5552 25 the the DT 34823 5552 26 fact fact NN 34823 5552 27 that that IN 34823 5552 28 his -PRON- PRP$ 34823 5552 29 check check NN 34823 5552 30 , , , 34823 5552 31 if if IN 34823 5552 32 unpaid unpaid JJ 34823 5552 33 , , , 34823 5552 34 becomes become VBZ 34823 5552 35 a a DT 34823 5552 36 note note NN 34823 5552 37 is be VBZ 34823 5552 38 not not RB 34823 5552 39 the the DT 34823 5552 40 main main JJ 34823 5552 41 fact fact NN 34823 5552 42 about about IN 34823 5552 43 the the DT 34823 5552 44 check check NN 34823 5552 45 . . . 34823 5553 1 Understanding understand VBG 34823 5553 2 our -PRON- PRP$ 34823 5553 3 definition definition NN 34823 5553 4 of of IN 34823 5553 5 credit credit NN 34823 5553 6 to to TO 34823 5553 7 cover cover VB 34823 5553 8 this this DT 34823 5553 9 case case NN 34823 5553 10 also also RB 34823 5553 11 , , , 34823 5553 12 however however RB 34823 5553 13 , , , 34823 5553 14 and and CC 34823 5553 15 attaching attach VBG 34823 5553 16 no no DT 34823 5553 17 fundamental fundamental JJ 34823 5553 18 importance importance NN 34823 5553 19 to to IN 34823 5553 20 the the DT 34823 5553 21 definition definition NN 34823 5553 22 save save VB 34823 5553 23 as as IN 34823 5553 24 a a DT 34823 5553 25 means means NN 34823 5553 26 of of IN 34823 5553 27 marking mark VBG 34823 5553 28 off off RP 34823 5553 29 a a DT 34823 5553 30 class class NN 34823 5553 31 of of IN 34823 5553 32 more more JJR 34823 5553 33 or or CC 34823 5553 34 less less RBR 34823 5553 35 related related JJ 34823 5553 36 phenomena phenomenon NNS 34823 5553 37 which which WDT 34823 5553 38 we -PRON- PRP 34823 5553 39 mean mean VBP 34823 5553 40 to to TO 34823 5553 41 discuss discuss VB 34823 5553 42 , , , 34823 5553 43 the the DT 34823 5553 44 definition definition NN 34823 5553 45 will will MD 34823 5553 46 serve serve VB 34823 5553 47 . . . 34823 5554 1 Thus thus RB 34823 5554 2 defined define VBN 34823 5554 3 , , , 34823 5554 4 we -PRON- PRP 34823 5554 5 have have VBP 34823 5554 6 in in IN 34823 5554 7 credit credit NN 34823 5554 8 a a DT 34823 5554 9 concept concept NN 34823 5554 10 susceptible susceptible JJ 34823 5554 11 to to IN 34823 5554 12 quantitative quantitative JJ 34823 5554 13 treatment treatment NN 34823 5554 14 . . . 34823 5555 1 Debts Debts NNP 34823 5555 2 , , , 34823 5555 3 in in IN 34823 5555 4 terms term NNS 34823 5555 5 of of IN 34823 5555 6 money money NN 34823 5555 7 , , , 34823 5555 8 can can MD 34823 5555 9 be be VB 34823 5555 10 summed sum VBN 34823 5555 11 up up RP 34823 5555 12 , , , 34823 5555 13 and and CC 34823 5555 14 we -PRON- PRP 34823 5555 15 may may MD 34823 5555 16 have have VB 34823 5555 17 the the DT 34823 5555 18 concept concept NN 34823 5555 19 of of IN 34823 5555 20 the the DT 34823 5555 21 " " `` 34823 5555 22 volume volume NN 34823 5555 23 of of IN 34823 5555 24 credit credit NN 34823 5555 25 " " '' 34823 5555 26 as as IN 34823 5555 27 the the DT 34823 5555 28 sum sum NN 34823 5555 29 of of IN 34823 5555 30 such such JJ 34823 5555 31 debts debt NNS 34823 5555 32 at at IN 34823 5555 33 a a DT 34823 5555 34 given give VBN 34823 5555 35 time time NN 34823 5555 36 , , , 34823 5555 37 or or CC 34823 5555 38 through through IN 34823 5555 39 a a DT 34823 5555 40 given give VBN 34823 5555 41 period period NN 34823 5555 42 of of IN 34823 5555 43 time time NN 34823 5555 44 , , , 34823 5555 45 or or CC 34823 5555 46 as as IN 34823 5555 47 an an DT 34823 5555 48 average average NN 34823 5555 49 through through IN 34823 5555 50 a a DT 34823 5555 51 period period NN 34823 5555 52 of of IN 34823 5555 53 time time NN 34823 5555 54 . . . 34823 5556 1 We -PRON- PRP 34823 5556 2 may may MD 34823 5556 3 distinguish distinguish VB 34823 5556 4 credit credit NN 34823 5556 5 transactions transaction NNS 34823 5556 6 from from IN 34823 5556 7 credit credit NN 34823 5556 8 , , , 34823 5556 9 defining define VBG 34823 5556 10 credit credit NN 34823 5556 11 as as IN 34823 5556 12 the the DT 34823 5556 13 volume volume NN 34823 5556 14 of of IN 34823 5556 15 debts debt NNS 34823 5556 16 , , , 34823 5556 17 and and CC 34823 5556 18 credit credit NN 34823 5556 19 transactions transaction NNS 34823 5556 20 as as IN 34823 5556 21 transactions transaction NNS 34823 5556 22 in in IN 34823 5556 23 which which WDT 34823 5556 24 the the DT 34823 5556 25 debts debt NNS 34823 5556 26 are be VBP 34823 5556 27 passed pass VBN 34823 5556 28 in in IN 34823 5556 29 exchange exchange NN 34823 5556 30 . . . 34823 5557 1 This this DT 34823 5557 2 would would MD 34823 5557 3 be be VB 34823 5557 4 to to TO 34823 5557 5 broaden broaden VB 34823 5557 6 the the DT 34823 5557 7 notion notion NN 34823 5557 8 of of IN 34823 5557 9 credit credit NN 34823 5557 10 transactions transaction NNS 34823 5557 11 beyond beyond IN 34823 5557 12 the the DT 34823 5557 13 usual usual JJ 34823 5557 14 conception conception NN 34823 5557 15 , , , 34823 5557 16 since since IN 34823 5557 17 it -PRON- PRP 34823 5557 18 would would MD 34823 5557 19 include include VB 34823 5557 20 transactions transaction NNS 34823 5557 21 in in IN 34823 5557 22 which which WDT 34823 5557 23 A a DT 34823 5557 24 sells sell VBZ 34823 5557 25 ( ( -LRB- 34823 5557 26 " " `` 34823 5557 27 without without IN 34823 5557 28 recourse recourse NN 34823 5557 29 " " '' 34823 5557 30 ) ) -RRB- 34823 5557 31 B B NNP 34823 5557 32 's 's POS 34823 5557 33 note note NN 34823 5557 34 to to IN 34823 5557 35 C. C. NNP 34823 5557 36 It -PRON- PRP 34823 5557 37 would would MD 34823 5557 38 also also RB 34823 5557 39 include include VB 34823 5557 40 cases case NNS 34823 5557 41 where where WRB 34823 5557 42 bonds bond NNS 34823 5557 43 are be VBP 34823 5557 44 sold sell VBN 34823 5557 45 . . . 34823 5558 1 It -PRON- PRP 34823 5558 2 would would MD 34823 5558 3 exclude exclude VB 34823 5558 4 cases case NNS 34823 5558 5 where where WRB 34823 5558 6 stocks stock NNS 34823 5558 7 are be VBP 34823 5558 8 sold sell VBN 34823 5558 9 , , , 34823 5558 10 since since IN 34823 5558 11 they -PRON- PRP 34823 5558 12 are be VBP 34823 5558 13 not not RB 34823 5558 14 legally legally RB 34823 5558 15 debts debt NNS 34823 5558 16 . . . 34823 5559 1 Some some DT 34823 5559 2 would would MD 34823 5559 3 prefer prefer VB 34823 5559 4 to to TO 34823 5559 5 limit limit VB 34823 5559 6 the the DT 34823 5559 7 notion notion NN 34823 5559 8 of of IN 34823 5559 9 credit credit NN 34823 5559 10 transaction transaction NN 34823 5559 11 to to IN 34823 5559 12 transactions transaction NNS 34823 5559 13 in in IN 34823 5559 14 which which WDT 34823 5559 15 there there EX 34823 5559 16 remains remain VBZ 34823 5559 17 some some DT 34823 5559 18 contingent contingent JJ 34823 5559 19 responsibility responsibility NN 34823 5559 20 on on IN 34823 5559 21 the the DT 34823 5559 22 part part NN 34823 5559 23 of of IN 34823 5559 24 the the DT 34823 5559 25 one one NN 34823 5559 26 who who WP 34823 5559 27 uses use VBZ 34823 5559 28 the the DT 34823 5559 29 credit credit NN 34823 5559 30 instrument instrument NN 34823 5559 31 , , , 34823 5559 32 but but CC 34823 5559 33 this this DT 34823 5559 34 would would MD 34823 5559 35 be be VB 34823 5559 36 to to TO 34823 5559 37 deny deny VB 34823 5559 38 the the DT 34823 5559 39 name name NN 34823 5559 40 , , , 34823 5559 41 credit credit NN 34823 5559 42 transaction transaction NN 34823 5559 43 , , , 34823 5559 44 to to IN 34823 5559 45 cases case NNS 34823 5559 46 where where WRB 34823 5559 47 bank bank NN 34823 5559 48 - - HYPH 34823 5559 49 notes note NNS 34823 5559 50 or or CC 34823 5559 51 government government NN 34823 5559 52 paper paper NN 34823 5559 53 are be VBP 34823 5559 54 used use VBN 34823 5559 55 in in IN 34823 5559 56 payments payment NNS 34823 5559 57 , , , 34823 5559 58 as as RB 34823 5559 59 well well RB 34823 5559 60 as as IN 34823 5559 61 to to TO 34823 5559 62 deny deny VB 34823 5559 63 it -PRON- PRP 34823 5559 64 to to IN 34823 5559 65 the the DT 34823 5559 66 case case NN 34823 5559 67 where where WRB 34823 5559 68 bonds bond NNS 34823 5559 69 are be VBP 34823 5559 70 sold sell VBN 34823 5559 71 . . . 34823 5560 1 It -PRON- PRP 34823 5560 2 is be VBZ 34823 5560 3 not not RB 34823 5560 4 important important JJ 34823 5560 5 , , , 34823 5560 6 for for IN 34823 5560 7 my -PRON- PRP$ 34823 5560 8 purposes purpose NNS 34823 5560 9 , , , 34823 5560 10 to to TO 34823 5560 11 draw draw VB 34823 5560 12 a a DT 34823 5560 13 sharp sharp JJ 34823 5560 14 line line NN 34823 5560 15 about about IN 34823 5560 16 the the DT 34823 5560 17 concept concept NN 34823 5560 18 , , , 34823 5560 19 credit credit NN 34823 5560 20 transaction transaction NN 34823 5560 21 , , , 34823 5560 22 however however RB 34823 5560 23 . . . 34823 5561 1 And and CC 34823 5561 2 about about IN 34823 5561 3 the the DT 34823 5561 4 concept concept NN 34823 5561 5 credit credit NN 34823 5561 6 itself -PRON- PRP 34823 5561 7 I -PRON- PRP 34823 5561 8 have have VBP 34823 5561 9 drawn draw VBN 34823 5561 10 a a DT 34823 5561 11 line line NN 34823 5561 12 resting rest VBG 34823 5561 13 on on IN 34823 5561 14 a a DT 34823 5561 15 legal legal JJ 34823 5561 16 , , , 34823 5561 17 rather rather RB 34823 5561 18 than than IN 34823 5561 19 an an DT 34823 5561 20 economic economic JJ 34823 5561 21 , , , 34823 5561 22 distinction distinction NN 34823 5561 23 . . . 34823 5562 1 Within within IN 34823 5562 2 the the DT 34823 5562 3 field field NN 34823 5562 4 of of IN 34823 5562 5 credit credit NN 34823 5562 6 , , , 34823 5562 7 thus thus RB 34823 5562 8 defined define VBN 34823 5562 9 , , , 34823 5562 10 we -PRON- PRP 34823 5562 11 may may MD 34823 5562 12 single single VB 34823 5562 13 out out RP 34823 5562 14 for for IN 34823 5562 15 especial especial JJ 34823 5562 16 consideration consideration NN 34823 5562 17 certain certain JJ 34823 5562 18 forms form NNS 34823 5562 19 of of IN 34823 5562 20 demand demand NN 34823 5562 21 or or CC 34823 5562 22 short short JJ 34823 5562 23 time time NN 34823 5562 24 credit credit NN 34823 5562 25 , , , 34823 5562 26 particularly particularly RB 34823 5562 27 bills bill NNS 34823 5562 28 of of IN 34823 5562 29 exchange exchange NN 34823 5562 30 , , , 34823 5562 31 bank bank NN 34823 5562 32 - - HYPH 34823 5562 33 notes note NNS 34823 5562 34 and and CC 34823 5562 35 bank bank NN 34823 5562 36 - - HYPH 34823 5562 37 deposits deposit NNS 34823 5562 38 , , , 34823 5562 39 and and CC 34823 5562 40 merchants merchant NNS 34823 5562 41 ' ' POS 34823 5562 42 book book NN 34823 5562 43 - - HYPH 34823 5562 44 credit credit NN 34823 5562 45 . . . 34823 5563 1 We -PRON- PRP 34823 5563 2 shall shall MD 34823 5563 3 also also RB 34823 5563 4 have have VB 34823 5563 5 something something NN 34823 5563 6 to to TO 34823 5563 7 say say VB 34823 5563 8 regarding regard VBG 34823 5563 9 long long JJ 34823 5563 10 - - HYPH 34823 5563 11 time time NN 34823 5563 12 credit credit NN 34823 5563 13 , , , 34823 5563 14 including include VBG 34823 5563 15 bonds bond NNS 34823 5563 16 , , , 34823 5563 17 and and CC 34823 5563 18 mortgage mortgage NN 34823 5563 19 - - HYPH 34823 5563 20 notes note NNS 34823 5563 21 that that WDT 34823 5563 22 have have VBP 34823 5563 23 no no DT 34823 5563 24 general general JJ 34823 5563 25 market market NN 34823 5563 26 . . . 34823 5564 1 All all PDT 34823 5564 2 these these DT 34823 5564 3 debts debt NNS 34823 5564 4 in in IN 34823 5564 5 terms term NNS 34823 5564 6 of of IN 34823 5564 7 money money NN 34823 5564 8 , , , 34823 5564 9 to to TO 34823 5564 10 which which WDT 34823 5564 11 , , , 34823 5564 12 in in IN 34823 5564 13 the the DT 34823 5564 14 aggregate aggregate NN 34823 5564 15 , , , 34823 5564 16 we -PRON- PRP 34823 5564 17 have have VBP 34823 5564 18 given give VBN 34823 5564 19 the the DT 34823 5564 20 name name NN 34823 5564 21 , , , 34823 5564 22 volume volume NN 34823 5564 23 of of IN 34823 5564 24 credit credit NN 34823 5564 25 , , , 34823 5564 26 have have VBP 34823 5564 27 grown grow VBN 34823 5564 28 out out IN 34823 5564 29 of of IN 34823 5564 30 _ _ NNP 34823 5564 31 exchanges exchange NNS 34823 5564 32 _ _ NNP 34823 5564 33 . . . 34823 5565 1 Exchange exchange NN 34823 5565 2 is be VBZ 34823 5565 3 here here RB 34823 5565 4 used use VBN 34823 5565 5 in in IN 34823 5565 6 a a DT 34823 5565 7 wide wide JJ 34823 5565 8 sense sense NN 34823 5565 9 , , , 34823 5565 10 and and CC 34823 5565 11 is be VBZ 34823 5565 12 not not RB 34823 5565 13 confined confine VBN 34823 5565 14 to to IN 34823 5565 15 the the DT 34823 5565 16 case case NN 34823 5565 17 where where WRB 34823 5565 18 goods good NNS 34823 5565 19 or or CC 34823 5565 20 services service NNS 34823 5565 21 are be VBP 34823 5565 22 bought buy VBN 34823 5565 23 and and CC 34823 5565 24 sold sell VBN 34823 5565 25 . . . 34823 5566 1 It -PRON- PRP 34823 5566 2 is be VBZ 34823 5566 3 an an DT 34823 5566 4 exchange exchange NN 34823 5566 5 , , , 34823 5566 6 if if IN 34823 5566 7 a a DT 34823 5566 8 man man NN 34823 5566 9 gives give VBZ 34823 5566 10 his -PRON- PRP$ 34823 5566 11 note note NN 34823 5566 12 to to IN 34823 5566 13 a a DT 34823 5566 14 banker banker NN 34823 5566 15 in in IN 34823 5566 16 return return NN 34823 5566 17 for for IN 34823 5566 18 a a DT 34823 5566 19 deposit deposit NN 34823 5566 20 credit credit NN 34823 5566 21 . . . 34823 5567 1 But but CC 34823 5567 2 , , , 34823 5567 3 on on IN 34823 5567 4 the the DT 34823 5567 5 assumption assumption NN 34823 5567 6 that that IN 34823 5567 7 exchanges exchange NNS 34823 5567 8 are be VBP 34823 5567 9 made make VBN 34823 5567 10 only only RB 34823 5567 11 when when WRB 34823 5567 12 gains gain NNS 34823 5567 13 are be VBP 34823 5567 14 to to TO 34823 5567 15 be be VB 34823 5567 16 realized realize VBN 34823 5567 17 , , , 34823 5567 18 it -PRON- PRP 34823 5567 19 follows follow VBZ 34823 5567 20 that that IN 34823 5567 21 all all DT 34823 5567 22 debts debt NNS 34823 5567 23 , , , 34823 5567 24 and and CC 34823 5567 25 so so RB 34823 5567 26 all all DT 34823 5567 27 credit credit NN 34823 5567 28 , , , 34823 5567 29 have have VBP 34823 5567 30 been be VBN 34823 5567 31 created create VBN 34823 5567 32 in in IN 34823 5567 33 view view NN 34823 5567 34 of of IN 34823 5567 35 anticipated anticipate VBN 34823 5567 36 gains gain NNS 34823 5567 37 ( ( -LRB- 34823 5567 38 or or CC 34823 5567 39 to to TO 34823 5567 40 avert avert VB 34823 5567 41 anticipated anticipate VBN 34823 5567 42 losses loss NNS 34823 5567 43 ) ) -RRB- 34823 5567 44 . . . 34823 5568 1 In in IN 34823 5568 2 a a DT 34823 5568 3 society society NN 34823 5568 4 where where WRB 34823 5568 5 everything everything NN 34823 5568 6 is be VBZ 34823 5568 7 in in IN 34823 5568 8 equilibrium equilibrium NN 34823 5568 9 , , , 34823 5568 10 a a DT 34823 5568 11 " " `` 34823 5568 12 static static JJ 34823 5568 13 state state NN 34823 5568 14 , , , 34823 5568 15 " " `` 34823 5568 16 where where WRB 34823 5568 17 there there EX 34823 5568 18 are be VBP 34823 5568 19 no no DT 34823 5568 20 " " `` 34823 5568 21 transitions transition NNS 34823 5568 22 " " '' 34823 5568 23 to to TO 34823 5568 24 be be VB 34823 5568 25 effected effect VBN 34823 5568 26 , , , 34823 5568 27 where where WRB 34823 5568 28 there there EX 34823 5568 29 is be VBZ 34823 5568 30 no no DT 34823 5568 31 occasion occasion NN 34823 5568 32 for for IN 34823 5568 33 speculation speculation NN 34823 5568 34 , , , 34823 5568 35 and and CC 34823 5568 36 where where WRB 34823 5568 37 exchanges exchange NNS 34823 5568 38 of of IN 34823 5568 39 lands land NNS 34823 5568 40 , , , 34823 5568 41 etc etc FW 34823 5568 42 . . FW 34823 5568 43 , , , 34823 5568 44 are be VBP 34823 5568 45 negligible negligible JJ 34823 5568 46 , , , 34823 5568 47 the the DT 34823 5568 48 volume volume NN 34823 5568 49 of of IN 34823 5568 50 all all DT 34823 5568 51 exchanges exchange NNS 34823 5568 52 , , , 34823 5568 53 including include VBG 34823 5568 54 those those DT 34823 5568 55 where where WRB 34823 5568 56 debts debt NNS 34823 5568 57 are be VBP 34823 5568 58 passed pass VBN 34823 5568 59 in in IN 34823 5568 60 exchange exchange NN 34823 5568 61 , , , 34823 5568 62 would would MD 34823 5568 63 be be VB 34823 5568 64 small small JJ 34823 5568 65 . . . 34823 5569 1 The the DT 34823 5569 2 occasion occasion NN 34823 5569 3 for for IN 34823 5569 4 the the DT 34823 5569 5 creation creation NN 34823 5569 6 of of IN 34823 5569 7 the the DT 34823 5569 8 debts debt NNS 34823 5569 9 which which WDT 34823 5569 10 make make VBP 34823 5569 11 up up RP 34823 5569 12 the the DT 34823 5569 13 volume volume NN 34823 5569 14 of of IN 34823 5569 15 credit credit NN 34823 5569 16 would would MD 34823 5569 17 not not RB 34823 5569 18 be be VB 34823 5569 19 nearly nearly RB 34823 5569 20 so so RB 34823 5569 21 numerous numerous JJ 34823 5569 22 as as IN 34823 5569 23 under under IN 34823 5569 24 dynamic dynamic JJ 34823 5569 25 conditions condition NNS 34823 5569 26 . . . 34823 5570 1 The the DT 34823 5570 2 _ _ NNP 34823 5570 3 volume volume NN 34823 5570 4 _ _ NNP 34823 5570 5 of of IN 34823 5570 6 credit credit NN 34823 5570 7 , , , 34823 5570 8 in in IN 34823 5570 9 other other JJ 34823 5570 10 words word NNS 34823 5570 11 , , , 34823 5570 12 is be VBZ 34823 5570 13 largely largely RB 34823 5570 14 a a DT 34823 5570 15 function function NN 34823 5570 16 of of IN 34823 5570 17 dynamic dynamic JJ 34823 5570 18 conditions condition NNS 34823 5570 19 , , , 34823 5570 20 even even RB 34823 5570 21 though though IN 34823 5570 22 credit credit NN 34823 5570 23 would would MD 34823 5570 24 exist exist VB 34823 5570 25 in in IN 34823 5570 26 a a DT 34823 5570 27 static static JJ 34823 5570 28 condition condition NN 34823 5570 29 of of IN 34823 5570 30 economic economic JJ 34823 5570 31 life life NN 34823 5570 32 . . . 34823 5571 1 The the DT 34823 5571 2 bulk bulk NN 34823 5571 3 of of IN 34823 5571 4 credit credit NN 34823 5571 5 , , , 34823 5571 6 as as IN 34823 5571 7 the the DT 34823 5571 8 bulk bulk NN 34823 5571 9 of of IN 34823 5571 10 exchanging exchange VBG 34823 5571 11 , , , 34823 5571 12 grows grow VBZ 34823 5571 13 out out IN 34823 5571 14 of of IN 34823 5571 15 dynamic dynamic JJ 34823 5571 16 conditions condition NNS 34823 5571 17 , , , 34823 5571 18 transitional transitional JJ 34823 5571 19 changes change NNS 34823 5571 20 , , , 34823 5571 21 and and CC 34823 5571 22 the the DT 34823 5571 23 like like JJ 34823 5571 24 . . . 34823 5572 1 This this DT 34823 5572 2 will will MD 34823 5572 3 be be VB 34823 5572 4 clearer clear JJR 34823 5572 5 when when WRB 34823 5572 6 we -PRON- PRP 34823 5572 7 raise raise VBP 34823 5572 8 the the DT 34823 5572 9 question question NN 34823 5572 10 as as IN 34823 5572 11 to to IN 34823 5572 12 _ _ NNP 34823 5572 13 why why WRB 34823 5572 14 _ _ NNP 34823 5572 15 debts debt NNS 34823 5572 16 are be VBP 34823 5572 17 created create VBN 34823 5572 18 , , , 34823 5572 19 as as IN 34823 5572 20 to to IN 34823 5572 21 what what WDT 34823 5572 22 function function NN 34823 5572 23 debts debt NNS 34823 5572 24 perform perform VBP 34823 5572 25 in in IN 34823 5572 26 economic economic JJ 34823 5572 27 life life NN 34823 5572 28 . . . 34823 5573 1 Why why WRB 34823 5573 2 should should MD 34823 5573 3 a a DT 34823 5573 4 man man NN 34823 5573 5 borrow borrow VB 34823 5573 6 ? ? . 34823 5574 1 Let let VB 34823 5574 2 us -PRON- PRP 34823 5574 3 suppose suppose VB 34823 5574 4 that that IN 34823 5574 5 a a DT 34823 5574 6 farmer farmer NN 34823 5574 7 has have VBZ 34823 5574 8 600 600 CD 34823 5574 9 acres acre NNS 34823 5574 10 of of IN 34823 5574 11 land land NN 34823 5574 12 . . . 34823 5575 1 He -PRON- PRP 34823 5575 2 wishes wish VBZ 34823 5575 3 to to TO 34823 5575 4 sell sell VB 34823 5575 5 100 100 CD 34823 5575 6 acres acre NNS 34823 5575 7 , , , 34823 5575 8 and and CC 34823 5575 9 use use VB 34823 5575 10 the the DT 34823 5575 11 proceeds proceed NNS 34823 5575 12 in in IN 34823 5575 13 buying buy VBG 34823 5575 14 equipment equipment NN 34823 5575 15 for for IN 34823 5575 16 his -PRON- PRP$ 34823 5575 17 farm farm NN 34823 5575 18 . . . 34823 5576 1 But but CC 34823 5576 2 he -PRON- PRP 34823 5576 3 finds find VBZ 34823 5576 4 it -PRON- PRP 34823 5576 5 difficult difficult JJ 34823 5576 6 to to TO 34823 5576 7 sell sell VB 34823 5576 8 the the DT 34823 5576 9 100 100 CD 34823 5576 10 acres acre NNS 34823 5576 11 . . . 34823 5577 1 There there EX 34823 5577 2 is be VBZ 34823 5577 3 no no DT 34823 5577 4 ready ready JJ 34823 5577 5 market market NN 34823 5577 6 . . . 34823 5578 1 He -PRON- PRP 34823 5578 2 can can MD 34823 5578 3 sell sell VB 34823 5578 4 it -PRON- PRP 34823 5578 5 immediately immediately RB 34823 5578 6 only only RB 34823 5578 7 at at IN 34823 5578 8 a a DT 34823 5578 9 great great JJ 34823 5578 10 sacrifice sacrifice NN 34823 5578 11 . . . 34823 5579 1 By by IN 34823 5579 2 waiting wait VBG 34823 5579 3 , , , 34823 5579 4 and and CC 34823 5579 5 looking look VBG 34823 5579 6 industriously industriously RB 34823 5579 7 for for IN 34823 5579 8 a a DT 34823 5579 9 customer customer NN 34823 5579 10 , , , 34823 5579 11 or or CC 34823 5579 12 by by IN 34823 5579 13 engaging engage VBG 34823 5579 14 a a DT 34823 5579 15 real real JJ 34823 5579 16 estate estate NN 34823 5579 17 dealer dealer NN 34823 5579 18 to to TO 34823 5579 19 do do VB 34823 5579 20 so so RB 34823 5579 21 , , , 34823 5579 22 he -PRON- PRP 34823 5579 23 could could MD 34823 5579 24 finally finally RB 34823 5579 25 find find VB 34823 5579 26 a a DT 34823 5579 27 buyer buyer NN 34823 5579 28 , , , 34823 5579 29 but but CC 34823 5579 30 the the DT 34823 5579 31 thing thing NN 34823 5579 32 is be VBZ 34823 5579 33 slow slow JJ 34823 5579 34 and and CC 34823 5579 35 uncertain uncertain JJ 34823 5579 36 , , , 34823 5579 37 and and CC 34823 5579 38 he -PRON- PRP 34823 5579 39 wishes wish VBZ 34823 5579 40 to to TO 34823 5579 41 get get VB 34823 5579 42 the the DT 34823 5579 43 equipment equipment NN 34823 5579 44 at at IN 34823 5579 45 once once RB 34823 5579 46 . . . 34823 5580 1 He -PRON- PRP 34823 5580 2 borrows borrow VBZ 34823 5580 3 , , , 34823 5580 4 therefore therefore RB 34823 5580 5 , , , 34823 5580 6 giving give VBG 34823 5580 7 his -PRON- PRP$ 34823 5580 8 farm farm NN 34823 5580 9 as as IN 34823 5580 10 security security NN 34823 5580 11 , , , 34823 5580 12 or or CC 34823 5580 13 a a DT 34823 5580 14 part part NN 34823 5580 15 of of IN 34823 5580 16 the the DT 34823 5580 17 farm farm NN 34823 5580 18 as as IN 34823 5580 19 security security NN 34823 5580 20 . . . 34823 5581 1 He -PRON- PRP 34823 5581 2 exchanges exchange VBZ 34823 5581 3 a a DT 34823 5581 4 claim claim NN 34823 5581 5 on on IN 34823 5581 6 the the DT 34823 5581 7 future future JJ 34823 5581 8 income income NN 34823 5581 9 of of IN 34823 5581 10 the the DT 34823 5581 11 farm farm NN 34823 5581 12 for for IN 34823 5581 13 present present JJ 34823 5581 14 money money NN 34823 5581 15 , , , 34823 5581 16 and and CC 34823 5581 17 with with IN 34823 5581 18 this this DT 34823 5581 19 he -PRON- PRP 34823 5581 20 can can MD 34823 5581 21 buy buy VB 34823 5581 22 the the DT 34823 5581 23 equipment equipment NN 34823 5581 24 he -PRON- PRP 34823 5581 25 needs need VBZ 34823 5581 26 . . . 34823 5582 1 The the DT 34823 5582 2 net net JJ 34823 5582 3 result result NN 34823 5582 4 has have VBZ 34823 5582 5 been be VBN 34823 5582 6 that that IN 34823 5582 7 the the DT 34823 5582 8 credit credit NN 34823 5582 9 transaction transaction NN 34823 5582 10 has have VBZ 34823 5582 11 transformed transform VBN 34823 5582 12 his -PRON- PRP$ 34823 5582 13 unmarketable unmarketable JJ 34823 5582 14 quantum quantum NN 34823 5582 15 of of IN 34823 5582 16 value value NN 34823 5582 17 into into IN 34823 5582 18 a a DT 34823 5582 19 marketable marketable JJ 34823 5582 20 form form NN 34823 5582 21 of of IN 34823 5582 22 value value NN 34823 5582 23 . . . 34823 5583 1 He -PRON- PRP 34823 5583 2 has have VBZ 34823 5583 3 been be VBN 34823 5583 4 able able JJ 34823 5583 5 , , , 34823 5583 6 by by IN 34823 5583 7 an an DT 34823 5583 8 indirect indirect JJ 34823 5583 9 step step NN 34823 5583 10 , , , 34823 5583 11 to to TO 34823 5583 12 do do VB 34823 5583 13 what what WP 34823 5583 14 he -PRON- PRP 34823 5583 15 could could MD 34823 5583 16 not not RB 34823 5583 17 do do VB 34823 5583 18 directly directly RB 34823 5583 19 -- -- : 34823 5583 20 to to TO 34823 5583 21 trade trade VB 34823 5583 22 a a DT 34823 5583 23 part part NN 34823 5583 24 of of IN 34823 5583 25 the the DT 34823 5583 26 farm farm NN 34823 5583 27 ( ( -LRB- 34823 5583 28 which which WDT 34823 5583 29 in in IN 34823 5583 30 its -PRON- PRP$ 34823 5583 31 economic economic JJ 34823 5583 32 essence essence NN 34823 5583 33 is be VBZ 34823 5583 34 a a DT 34823 5583 35 prospect prospect NN 34823 5583 36 of of IN 34823 5583 37 future future JJ 34823 5583 38 income income NN 34823 5583 39 ) ) -RRB- 34823 5583 40 for for IN 34823 5583 41 the the DT 34823 5583 42 equipment equipment NN 34823 5583 43 . . . 34823 5584 1 In in IN 34823 5584 2 this this DT 34823 5584 3 illustration illustration NN 34823 5584 4 , , , 34823 5584 5 _ _ NNP 34823 5584 6 credit credit NN 34823 5584 7 has have VBZ 34823 5584 8 functioned function VBN 34823 5584 9 as as IN 34823 5584 10 a a DT 34823 5584 11 means means NN 34823 5584 12 of of IN 34823 5584 13 increasing increase VBG 34823 5584 14 the the DT 34823 5584 15 marketability marketability NN 34823 5584 16 or or CC 34823 5584 17 saleability saleability NN 34823 5584 18 of of IN 34823 5584 19 non non JJ 34823 5584 20 - - JJ 34823 5584 21 pecuniary pecuniary JJ 34823 5584 22 forms form NNS 34823 5584 23 of of IN 34823 5584 24 wealth wealth NN 34823 5584 25 _ _ NNP 34823 5584 26 . . . 34823 5585 1 Credit credit NN 34823 5585 2 is be VBZ 34823 5585 3 primarily primarily RB 34823 5585 4 a a DT 34823 5585 5 device device NN 34823 5585 6 for for IN 34823 5585 7 effecting effect VBG 34823 5585 8 exchanges exchange NNS 34823 5585 9 that that WDT 34823 5585 10 could could MD 34823 5585 11 not not RB 34823 5585 12 otherwise otherwise RB 34823 5585 13 be be VB 34823 5585 14 effected effect VBN 34823 5585 15 , , , 34823 5585 16 or or CC 34823 5585 17 for for IN 34823 5585 18 effecting effect VBG 34823 5585 19 exchanges exchange NNS 34823 5585 20 more more RBR 34823 5585 21 easily easily RB 34823 5585 22 than than IN 34823 5585 23 they -PRON- PRP 34823 5585 24 could could MD 34823 5585 25 otherwise otherwise RB 34823 5585 26 be be VB 34823 5585 27 effected effect VBN 34823 5585 28 . . . 34823 5586 1 This this DT 34823 5586 2 means mean VBZ 34823 5586 3 that that IN 34823 5586 4 credit credit NN 34823 5586 5 transactions transaction NNS 34823 5586 6 are be VBP 34823 5586 7 a a DT 34823 5586 8 part part NN 34823 5586 9 of of IN 34823 5586 10 the the DT 34823 5586 11 productive productive JJ 34823 5586 12 process process NN 34823 5586 13 , , , 34823 5586 14 and and CC 34823 5586 15 that that IN 34823 5586 16 they -PRON- PRP 34823 5586 17 increase increase VBP 34823 5586 18 values value NNS 34823 5586 19 . . . 34823 5587 1 It -PRON- PRP 34823 5587 2 is be VBZ 34823 5587 3 the the DT 34823 5587 4 function function NN 34823 5587 5 of of IN 34823 5587 6 credit credit NN 34823 5587 7 to to TO 34823 5587 8 universalize universalize VB 34823 5587 9 the the DT 34823 5587 10 characteristic characteristic NN 34823 5587 11 of of IN 34823 5587 12 money money NN 34823 5587 13 , , , 34823 5587 14 high high JJ 34823 5587 15 saleability saleability NN 34823 5587 16 . . . 34823 5588 1 It -PRON- PRP 34823 5588 2 is be VBZ 34823 5588 3 the the DT 34823 5588 4 function function NN 34823 5588 5 of of IN 34823 5588 6 credit credit NN 34823 5588 7 to to TO 34823 5588 8 " " `` 34823 5588 9 coin coin NN 34823 5588 10 , , , 34823 5588 11 " " '' 34823 5588 12 so so RB 34823 5588 13 to to TO 34823 5588 14 speak speak VB 34823 5588 15 , , , 34823 5588 16 rights right NNS 34823 5588 17 to to IN 34823 5588 18 goods good NNS 34823 5588 19 on on IN 34823 5588 20 shelves shelf NNS 34823 5588 21 , , , 34823 5588 22 lands land NNS 34823 5588 23 , , , 34823 5588 24 etc etc FW 34823 5588 25 . . FW 34823 5588 26 , , , 34823 5588 27 etc etc FW 34823 5588 28 . . FW 34823 5588 29 , , , 34823 5588 30 into into IN 34823 5588 31 liquid liquid JJ 34823 5588 32 rights right NNS 34823 5588 33 , , , 34823 5588 34 bearing bear VBG 34823 5588 35 the the DT 34823 5588 36 dollar dollar NN 34823 5588 37 mark mark NN 34823 5588 38 , , , 34823 5588 39 which which WDT 34823 5588 40 are be VBP 34823 5588 41 much much RB 34823 5588 42 more more RBR 34823 5588 43 highly highly RB 34823 5588 44 saleable saleable JJ 34823 5588 45 than than IN 34823 5588 46 the the DT 34823 5588 47 rights right NNS 34823 5588 48 in in IN 34823 5588 49 their -PRON- PRP$ 34823 5588 50 original original JJ 34823 5588 51 form form NN 34823 5588 52 were be VBD 34823 5588 53 , , , 34823 5588 54 and and CC 34823 5588 55 which which WDT 34823 5588 56 often often RB 34823 5588 57 become become VBP 34823 5588 58 as as RB 34823 5588 59 saleable saleable JJ 34823 5588 60 as as IN 34823 5588 61 money money NN 34823 5588 62 itself -PRON- PRP 34823 5588 63 , , , 34823 5588 64 functioning function VBG 34823 5588 65 perfectly perfectly RB 34823 5588 66 as as IN 34823 5588 67 money money NN 34823 5588 68 . . . 34823 5589 1 Credit credit NN 34823 5589 2 thus thus RB 34823 5589 3 tends tend VBZ 34823 5589 4 to to TO 34823 5589 5 universalize universalize VB 34823 5589 6 that that DT 34823 5589 7 characteristic characteristic NN 34823 5589 8 which which WDT 34823 5589 9 Menger[507 Menger[507 NNP 34823 5589 10 ] ] -RRB- 34823 5589 11 considers consider VBZ 34823 5589 12 the the DT 34823 5589 13 unique unique JJ 34823 5589 14 characteristic characteristic NN 34823 5589 15 of of IN 34823 5589 16 money money NN 34823 5589 17 . . . 34823 5590 1 By by IN 34823 5590 2 means mean NNS 34823 5590 3 of of IN 34823 5590 4 credit credit NN 34823 5590 5 transactions transaction NNS 34823 5590 6 , , , 34823 5590 7 a a DT 34823 5590 8 man man NN 34823 5590 9 borrows borrow VBZ 34823 5590 10 up up IN 34823 5590 11 to to TO 34823 5590 12 50 50 CD 34823 5590 13 % % NN 34823 5590 14 of of IN 34823 5590 15 the the DT 34823 5590 16 value value NN 34823 5590 17 of of IN 34823 5590 18 the the DT 34823 5590 19 farm farm NN 34823 5590 20 , , , 34823 5590 21 makes make VBZ 34823 5590 22 his -PRON- PRP$ 34823 5590 23 farm farm NN 34823 5590 24 in in IN 34823 5590 25 effect effect NN 34823 5590 26 , , , 34823 5590 27 50 50 CD 34823 5590 28 % % NN 34823 5590 29 saleable saleable JJ 34823 5590 30 or or CC 34823 5590 31 fluid fluid JJ 34823 5590 32 . . . 34823 5591 1 The the DT 34823 5591 2 man man NN 34823 5591 3 who who WP 34823 5591 4 owns own VBZ 34823 5591 5 livestock livestock NN 34823 5591 6 may may MD 34823 5591 7 not not RB 34823 5591 8 be be VB 34823 5591 9 able able JJ 34823 5591 10 , , , 34823 5591 11 on on IN 34823 5591 12 a a DT 34823 5591 13 given give VBN 34823 5591 14 day day NN 34823 5591 15 , , , 34823 5591 16 to to TO 34823 5591 17 market market VB 34823 5591 18 them -PRON- PRP 34823 5591 19 without without IN 34823 5591 20 loss loss NN 34823 5591 21 , , , 34823 5591 22 but but CC 34823 5591 23 he -PRON- PRP 34823 5591 24 can can MD 34823 5591 25 use use VB 34823 5591 26 their -PRON- PRP$ 34823 5591 27 value value NN 34823 5591 28 in in IN 34823 5591 29 the the DT 34823 5591 30 market market NN 34823 5591 31 , , , 34823 5591 32 up up RB 34823 5591 33 , , , 34823 5591 34 say say UH 34823 5591 35 , , , 34823 5591 36 to to IN 34823 5591 37 75 75 CD 34823 5591 38 % % NN 34823 5591 39 , , , 34823 5591 40 by by IN 34823 5591 41 a a DT 34823 5591 42 loan loan NN 34823 5591 43 . . . 34823 5592 1 The the DT 34823 5592 2 man man NN 34823 5592 3 who who WP 34823 5592 4 owns own VBZ 34823 5592 5 a a DT 34823 5592 6 hundred hundred CD 34823 5592 7 shares share NNS 34823 5592 8 of of IN 34823 5592 9 United United NNP 34823 5592 10 States States NNP 34823 5592 11 Steel Steel NNP 34823 5592 12 may may MD 34823 5592 13 not not RB 34823 5592 14 be be VB 34823 5592 15 able able JJ 34823 5592 16 , , , 34823 5592 17 at at IN 34823 5592 18 a a DT 34823 5592 19 given give VBN 34823 5592 20 time time NN 34823 5592 21 , , , 34823 5592 22 to to TO 34823 5592 23 market market VB 34823 5592 24 them -PRON- PRP 34823 5592 25 to to IN 34823 5592 26 his -PRON- PRP$ 34823 5592 27 satisfaction satisfaction NN 34823 5592 28 -- -- : 34823 5592 29 though though RB 34823 5592 30 in in IN 34823 5592 31 the the DT 34823 5592 32 case case NN 34823 5592 33 of of IN 34823 5592 34 articles article NNS 34823 5592 35 and and CC 34823 5592 36 stocks stock NNS 34823 5592 37 dealt deal VBD 34823 5592 38 in in IN 34823 5592 39 the the DT 34823 5592 40 speculative speculative JJ 34823 5592 41 markets market NNS 34823 5592 42 saleability saleability NN 34823 5592 43 is be VBZ 34823 5592 44 very very RB 34823 5592 45 high high JJ 34823 5592 46 indeed indeed RB 34823 5592 47 , , , 34823 5592 48 and and CC 34823 5592 49 in in IN 34823 5592 50 the the DT 34823 5592 51 case case NN 34823 5592 52 of of IN 34823 5592 53 United United NNP 34823 5592 54 States States NNP 34823 5592 55 Steel Steel NNP 34823 5592 56 , , , 34823 5592 57 in in IN 34823 5592 58 particular particular JJ 34823 5592 59 , , , 34823 5592 60 the the DT 34823 5592 61 " " `` 34823 5592 62 spread spread NN 34823 5592 63 " " '' 34823 5592 64 between between IN 34823 5592 65 " " `` 34823 5592 66 buying buying NN 34823 5592 67 price price NN 34823 5592 68 " " '' 34823 5592 69 and and CC 34823 5592 70 " " `` 34823 5592 71 selling sell VBG 34823 5592 72 price price NN 34823 5592 73 " " '' 34823 5592 74 is be VBZ 34823 5592 75 very very RB 34823 5592 76 narrow narrow JJ 34823 5592 77 -- -- : 34823 5592 78 but but CC 34823 5592 79 he -PRON- PRP 34823 5592 80 can can MD 34823 5592 81 borrow borrow VB 34823 5592 82 , , , 34823 5592 83 with with IN 34823 5592 84 the the DT 34823 5592 85 stock stock NN 34823 5592 86 as as IN 34823 5592 87 security security NN 34823 5592 88 , , , 34823 5592 89 up up IN 34823 5592 90 to to TO 34823 5592 91 80 80 CD 34823 5592 92 % % NN 34823 5592 93 of of IN 34823 5592 94 its -PRON- PRP$ 34823 5592 95 value value NN 34823 5592 96 . . . 34823 5593 1 On on IN 34823 5593 2 a a DT 34823 5593 3 bond bond NN 34823 5593 4 of of IN 34823 5593 5 the the DT 34823 5593 6 United United NNP 34823 5593 7 States States NNP 34823 5593 8 government government NN 34823 5593 9 , , , 34823 5593 10 he -PRON- PRP 34823 5593 11 may may MD 34823 5593 12 borrow borrow VB 34823 5593 13 up up RP 34823 5593 14 to to TO 34823 5593 15 100 100 CD 34823 5593 16 % % NN 34823 5593 17 . . . 34823 5594 1 [ [ -LRB- 34823 5594 2 508 508 CD 34823 5594 3 ] ] -RRB- 34823 5594 4 The the DT 34823 5594 5 process process NN 34823 5594 6 of of IN 34823 5594 7 creating create VBG 34823 5594 8 credit credit NN 34823 5594 9 is be VBZ 34823 5594 10 a a DT 34823 5594 11 process process NN 34823 5594 12 of of IN 34823 5594 13 transforming transform VBG 34823 5594 14 rights right NNS 34823 5594 15 from from IN 34823 5594 16 unsaleable unsaleable JJ 34823 5594 17 to to IN 34823 5594 18 saleable saleable JJ 34823 5594 19 form form NN 34823 5594 20 . . . 34823 5595 1 Often often RB 34823 5595 2 this this DT 34823 5595 3 means mean VBZ 34823 5595 4 the the DT 34823 5595 5 subdivision subdivision NN 34823 5595 6 of of IN 34823 5595 7 rights right NNS 34823 5595 8 , , , 34823 5595 9 preferential preferential JJ 34823 5595 10 rights right NNS 34823 5595 11 to to IN 34823 5595 12 a a DT 34823 5595 13 _ _ NNP 34823 5595 14 portion portion NN 34823 5595 15 _ _ NNP 34823 5595 16 of of IN 34823 5595 17 the the DT 34823 5595 18 value value NN 34823 5595 19 of of IN 34823 5595 20 a a DT 34823 5595 21 piece piece NN 34823 5595 22 of of IN 34823 5595 23 wealth wealth NN 34823 5595 24 being be VBG 34823 5595 25 more more RBR 34823 5595 26 saleable saleable JJ 34823 5595 27 , , , 34823 5595 28 because because IN 34823 5595 29 of of IN 34823 5595 30 greater great JJR 34823 5595 31 certainty certainty NN 34823 5595 32 , , , 34823 5595 33 than than IN 34823 5595 34 the the DT 34823 5595 35 total total JJ 34823 5595 36 right right NN 34823 5595 37 to to IN 34823 5595 38 the the DT 34823 5595 39 whole whole NN 34823 5595 40 . . . 34823 5596 1 Another another DT 34823 5596 2 reason reason NN 34823 5596 3 why why WRB 34823 5596 4 partial partial JJ 34823 5596 5 rights right NNS 34823 5596 6 may may MD 34823 5596 7 be be VB 34823 5596 8 more more RBR 34823 5596 9 saleable saleable JJ 34823 5596 10 is be VBZ 34823 5596 11 that that IN 34823 5596 12 the the DT 34823 5596 13 value value NN 34823 5596 14 represented represent VBN 34823 5596 15 by by IN 34823 5596 16 each each DT 34823 5596 17 partial partial JJ 34823 5596 18 right right NN 34823 5596 19 is be VBZ 34823 5596 20 smaller small JJR 34823 5596 21 . . . 34823 5597 1 It -PRON- PRP 34823 5597 2 is be VBZ 34823 5597 3 easier easy JJR 34823 5597 4 to to TO 34823 5597 5 market market VB 34823 5597 6 things thing NNS 34823 5597 7 worth worth JJ 34823 5597 8 a a DT 34823 5597 9 thousand thousand CD 34823 5597 10 dollars dollar NNS 34823 5597 11 than than IN 34823 5597 12 things thing NNS 34823 5597 13 worth worth JJ 34823 5597 14 fifty fifty CD 34823 5597 15 thousand thousand CD 34823 5597 16 , , , 34823 5597 17 as as IN 34823 5597 18 a a DT 34823 5597 19 rule rule NN 34823 5597 20 . . . 34823 5598 1 In in IN 34823 5598 2 any any DT 34823 5598 3 case case NN 34823 5598 4 , , , 34823 5598 5 a a DT 34823 5598 6 chief chief JJ 34823 5598 7 economic economic JJ 34823 5598 8 function function NN 34823 5598 9 of of IN 34823 5598 10 credit credit NN 34823 5598 11 is,--_the is,--_the DT 34823 5598 12 _ _ NNP 34823 5598 13 chief chief JJ 34823 5598 14 function function NN 34823 5598 15 for for IN 34823 5598 16 our -PRON- PRP$ 34823 5598 17 purposes purpose NNS 34823 5598 18 -- -- : 34823 5598 19 to to TO 34823 5598 20 make make VB 34823 5598 21 fluid fluid JJ 34823 5598 22 and and CC 34823 5598 23 saleable saleable JJ 34823 5598 24 articles article NNS 34823 5598 25 of of IN 34823 5598 26 wealth wealth NN 34823 5598 27 other other JJ 34823 5598 28 than than IN 34823 5598 29 money money NN 34823 5598 30 ; ; : 34823 5598 31 to to TO 34823 5598 32 universalize universalize VB 34823 5598 33 the the DT 34823 5598 34 quality quality NN 34823 5598 35 of of IN 34823 5598 36 saleability saleability NN 34823 5598 37 . . . 34823 5599 1 This this DT 34823 5599 2 justifies justify VBZ 34823 5599 3 us -PRON- PRP 34823 5599 4 in in IN 34823 5599 5 our -PRON- PRP$ 34823 5599 6 contention contention NN 34823 5599 7 made make VBN 34823 5599 8 before before IN 34823 5599 9 that that DT 34823 5599 10 _ _ NNP 34823 5599 11 all all DT 34823 5599 12 _ _ NNP 34823 5599 13 corporate corporate JJ 34823 5599 14 securities security NNS 34823 5599 15 , , , 34823 5599 16 whether whether IN 34823 5599 17 stocks stock NNS 34823 5599 18 or or CC 34823 5599 19 bonds,[509 bonds,[509 NN 34823 5599 20 ] ] -RRB- 34823 5599 21 are be VBP 34823 5599 22 , , , 34823 5599 23 in in IN 34823 5599 24 economic economic JJ 34823 5599 25 nature nature NN 34823 5599 26 , , , 34823 5599 27 alike alike RB 34823 5599 28 . . . 34823 5600 1 Driven drive VBN 34823 5600 2 to to IN 34823 5600 3 a a DT 34823 5600 4 legal legal JJ 34823 5600 5 concept concept NN 34823 5600 6 for for IN 34823 5600 7 a a DT 34823 5600 8 definition definition NN 34823 5600 9 of of IN 34823 5600 10 credit credit NN 34823 5600 11 , , , 34823 5600 12 we -PRON- PRP 34823 5600 13 were be VBD 34823 5600 14 obliged oblige VBN 34823 5600 15 to to TO 34823 5600 16 exclude exclude VB 34823 5600 17 stocks stock NNS 34823 5600 18 from from IN 34823 5600 19 our -PRON- PRP$ 34823 5600 20 rough rough JJ 34823 5600 21 definition definition NN 34823 5600 22 . . . 34823 5601 1 But but CC 34823 5601 2 corporate corporate JJ 34823 5601 3 organization organization NN 34823 5601 4 does do VBZ 34823 5601 5 precisely precisely RB 34823 5601 6 what what WP 34823 5601 7 the the DT 34823 5601 8 various various JJ 34823 5601 9 other other JJ 34823 5601 10 transactions transaction NNS 34823 5601 11 that that WDT 34823 5601 12 we -PRON- PRP 34823 5601 13 have have VBP 34823 5601 14 called call VBN 34823 5601 15 credit credit NN 34823 5601 16 transactions transaction NNS 34823 5601 17 do do VBP 34823 5601 18 . . . 34823 5602 1 Lands land NNS 34823 5602 2 and and CC 34823 5602 3 buildings building NNS 34823 5602 4 and and CC 34823 5602 5 machinery machinery NN 34823 5602 6 , , , 34823 5602 7 or or CC 34823 5602 8 the the DT 34823 5602 9 roadbed roadbed NN 34823 5602 10 and and CC 34823 5602 11 rolling roll VBG 34823 5602 12 stock stock NN 34823 5602 13 of of IN 34823 5602 14 a a DT 34823 5602 15 railroad railroad NN 34823 5602 16 , , , 34823 5602 17 are be VBP 34823 5602 18 highly highly RB 34823 5602 19 specialized specialized JJ 34823 5602 20 , , , 34823 5602 21 often often RB 34823 5602 22 unfit unfit JJ 34823 5602 23 for for IN 34823 5602 24 use use NN 34823 5602 25 in in IN 34823 5602 26 any any DT 34823 5602 27 form form NN 34823 5602 28 other other JJ 34823 5602 29 than than IN 34823 5602 30 that that DT 34823 5602 31 in in IN 34823 5602 32 which which WDT 34823 5602 33 they -PRON- PRP 34823 5602 34 now now RB 34823 5602 35 appear appear VBP 34823 5602 36 . . . 34823 5603 1 As as IN 34823 5603 2 concrete concrete JJ 34823 5603 3 instruments instrument NNS 34823 5603 4 of of IN 34823 5603 5 production production NN 34823 5603 6 , , , 34823 5603 7 they -PRON- PRP 34823 5603 8 would would MD 34823 5603 9 be be VB 34823 5603 10 highly highly RB 34823 5603 11 unsaleable unsaleable JJ 34823 5603 12 . . . 34823 5604 1 In in IN 34823 5604 2 their -PRON- PRP$ 34823 5604 3 totality totality NN 34823 5604 4 , , , 34823 5604 5 as as IN 34823 5604 6 a a DT 34823 5604 7 going go VBG 34823 5604 8 concern concern NN 34823 5604 9 , , , 34823 5604 10 they -PRON- PRP 34823 5604 11 are be VBP 34823 5604 12 highly highly RB 34823 5604 13 unsaleable unsaleable JJ 34823 5604 14 , , , 34823 5604 15 because because IN 34823 5604 16 in in IN 34823 5604 17 the the DT 34823 5604 18 aggregate aggregate NN 34823 5604 19 so so RB 34823 5604 20 very very RB 34823 5604 21 valuable valuable JJ 34823 5604 22 . . . 34823 5605 1 Grouped group VBN 34823 5605 2 together together RB 34823 5605 3 , , , 34823 5605 4 however however RB 34823 5605 5 , , , 34823 5605 6 but but CC 34823 5605 7 still still RB 34823 5605 8 subdivided subdivide VBN 34823 5605 9 , , , 34823 5605 10 the the DT 34823 5605 11 objects object NNS 34823 5605 12 of of IN 34823 5605 13 many many JJ 34823 5605 14 thousands thousand NNS 34823 5605 15 of of IN 34823 5605 16 partial partial JJ 34823 5605 17 rights right NNS 34823 5605 18 , , , 34823 5605 19 represented represent VBN 34823 5605 20 by by IN 34823 5605 21 stocks stock NNS 34823 5605 22 and and CC 34823 5605 23 bonds bond NNS 34823 5605 24 , , , 34823 5605 25 they -PRON- PRP 34823 5605 26 become become VBP 34823 5605 27 saleable saleable JJ 34823 5605 28 in in IN 34823 5605 29 high high JJ 34823 5605 30 degree degree NN 34823 5605 31 . . . 34823 5606 1 As as IN 34823 5606 2 objects object NNS 34823 5606 3 other other JJ 34823 5606 4 than than IN 34823 5606 5 money money NN 34823 5606 6 gain gain NN 34823 5606 7 in in IN 34823 5606 8 saleability saleability NN 34823 5606 9 , , , 34823 5606 10 they -PRON- PRP 34823 5606 11 tend tend VBP 34823 5606 12 to to TO 34823 5606 13 gain gain VB 34823 5606 14 in in IN 34823 5606 15 value value NN 34823 5606 16 , , , 34823 5606 17 also also RB 34823 5606 18 . . . 34823 5607 1 This this DT 34823 5607 2 is be VBZ 34823 5607 3 not not RB 34823 5607 4 necessarily necessarily RB 34823 5607 5 true true JJ 34823 5607 6 , , , 34823 5607 7 always always RB 34823 5607 8 . . . 34823 5608 1 If if IN 34823 5608 2 wealth wealth NN 34823 5608 3 is be VBZ 34823 5608 4 already already RB 34823 5608 5 in in IN 34823 5608 6 the the DT 34823 5608 7 best good JJS 34823 5608 8 place place NN 34823 5608 9 , , , 34823 5608 10 at at IN 34823 5608 11 the the DT 34823 5608 12 proper proper JJ 34823 5608 13 time time NN 34823 5608 14 , , , 34823 5608 15 and and CC 34823 5608 16 in in IN 34823 5608 17 the the DT 34823 5608 18 proper proper JJ 34823 5608 19 hands hand NNS 34823 5608 20 , , , 34823 5608 21 no no DT 34823 5608 22 point point NN 34823 5608 23 is be VBZ 34823 5608 24 involved involve VBN 34823 5608 25 in in IN 34823 5608 26 further further JJ 34823 5608 27 exchanges exchange NNS 34823 5608 28 . . . 34823 5609 1 Additional additional JJ 34823 5609 2 saleability saleability NN 34823 5609 3 -- -- : 34823 5609 4 or or CC 34823 5609 5 an an DT 34823 5609 6 increase increase NN 34823 5609 7 in in IN 34823 5609 8 the the DT 34823 5609 9 qualities quality NNS 34823 5609 10 that that WDT 34823 5609 11 make make VBP 34823 5609 12 for for IN 34823 5609 13 saleability saleability NN 34823 5609 14 -- -- : 34823 5609 15 could could MD 34823 5609 16 make make VB 34823 5609 17 no no DT 34823 5609 18 difference difference NN 34823 5609 19 . . . 34823 5610 1 But but CC 34823 5610 2 when when WRB 34823 5610 3 objects object NNS 34823 5610 4 could could MD 34823 5610 5 be be VB 34823 5610 6 employed employ VBN 34823 5610 7 to to IN 34823 5610 8 greater great JJR 34823 5610 9 advantage advantage NN 34823 5610 10 if if IN 34823 5610 11 in in IN 34823 5610 12 different different JJ 34823 5610 13 hands hand NNS 34823 5610 14 , , , 34823 5610 15 if if IN 34823 5610 16 , , , 34823 5610 17 in in IN 34823 5610 18 other other JJ 34823 5610 19 words word NNS 34823 5610 20 , , , 34823 5610 21 there there EX 34823 5610 22 is be VBZ 34823 5610 23 occasion occasion NN 34823 5610 24 for for IN 34823 5610 25 exchange exchange NN 34823 5610 26 , , , 34823 5610 27 then then RB 34823 5610 28 whatever whatever WDT 34823 5610 29 adds add VBZ 34823 5610 30 to to IN 34823 5610 31 the the DT 34823 5610 32 saleability saleability NN 34823 5610 33 of of IN 34823 5610 34 a a DT 34823 5610 35 good good JJ 34823 5610 36 adds add VBZ 34823 5610 37 to to IN 34823 5610 38 its -PRON- PRP$ 34823 5610 39 value value NN 34823 5610 40 . . . 34823 5611 1 What what WP 34823 5611 2 would would MD 34823 5611 3 otherwise otherwise RB 34823 5611 4 have have VB 34823 5611 5 gone go VBN 34823 5611 6 into into IN 34823 5611 7 the the DT 34823 5611 8 trouble trouble NN 34823 5611 9 and and CC 34823 5611 10 expense expense NN 34823 5611 11 of of IN 34823 5611 12 marketing marketing NN 34823 5611 13 now now RB 34823 5611 14 is be VBZ 34823 5611 15 saved save VBN 34823 5611 16 . . . 34823 5612 1 In in IN 34823 5612 2 general general JJ 34823 5612 3 , , , 34823 5612 4 items item NNS 34823 5612 5 of of IN 34823 5612 6 wealth wealth NN 34823 5612 7 tend tend VBP 34823 5612 8 to to TO 34823 5612 9 gain gain VB 34823 5612 10 in in IN 34823 5612 11 value value NN 34823 5612 12 as as IN 34823 5612 13 they -PRON- PRP 34823 5612 14 gain gain VBP 34823 5612 15 in in IN 34823 5612 16 saleability saleability NN 34823 5612 17 -- -- : 34823 5612 18 though though IN 34823 5612 19 not not RB 34823 5612 20 in in IN 34823 5612 21 any any DT 34823 5612 22 definite definite JJ 34823 5612 23 proportion proportion NN 34823 5612 24 . . . 34823 5613 1 Further further RB 34823 5613 2 , , , 34823 5613 3 as as IN 34823 5613 4 objects object NNS 34823 5613 5 of of IN 34823 5613 6 value value NN 34823 5613 7 other other JJ 34823 5613 8 than than IN 34823 5613 9 money money NN 34823 5613 10 gain gain NN 34823 5613 11 in in IN 34823 5613 12 saleability saleability NN 34823 5613 13 , , , 34823 5613 14 money money NN 34823 5613 15 tends tend VBZ 34823 5613 16 to to TO 34823 5613 17 lose lose VB 34823 5613 18 its -PRON- PRP$ 34823 5613 19 _ _ NNP 34823 5613 20 differential differential NN 34823 5613 21 advantage advantage NN 34823 5613 22 _ _ NNP 34823 5613 23 in in IN 34823 5613 24 this this DT 34823 5613 25 respect respect NN 34823 5613 26 , , , 34823 5613 27 and and CC 34823 5613 28 so so RB 34823 5613 29 tends tend VBZ 34823 5613 30 to to TO 34823 5613 31 lose lose VB 34823 5613 32 that that DT 34823 5613 33 part part NN 34823 5613 34 of of IN 34823 5613 35 its -PRON- PRP$ 34823 5613 36 value value NN 34823 5613 37 which which WDT 34823 5613 38 comes come VBZ 34823 5613 39 from from IN 34823 5613 40 the the DT 34823 5613 41 money money NN 34823 5613 42 - - HYPH 34823 5613 43 uses use NNS 34823 5613 44 . . . 34823 5614 1 If if IN 34823 5614 2 all all DT 34823 5614 3 things thing NNS 34823 5614 4 , , , 34823 5614 5 including include VBG 34823 5614 6 gold gold NN 34823 5614 7 , , , 34823 5614 8 were be VBD 34823 5614 9 equally equally RB 34823 5614 10 saleable saleable JJ 34823 5614 11 , , , 34823 5614 12 there there EX 34823 5614 13 would would MD 34823 5614 14 be be VB 34823 5614 15 no no DT 34823 5614 16 _ _ NNP 34823 5614 17 raison raison NNP 34823 5614 18 d'être d'être NNP 34823 5614 19 _ _ NNP 34823 5614 20 for for IN 34823 5614 21 money money NN 34823 5614 22 , , , 34823 5614 23 and and CC 34823 5614 24 gold gold NN 34823 5614 25 would would MD 34823 5614 26 have have VB 34823 5614 27 only only RB 34823 5614 28 the the DT 34823 5614 29 value value NN 34823 5614 30 that that WDT 34823 5614 31 comes come VBZ 34823 5614 32 from from IN 34823 5614 33 its -PRON- PRP$ 34823 5614 34 commodity commodity NN 34823 5614 35 functions function NNS 34823 5614 36 . . . 34823 5615 1 In in IN 34823 5615 2 so so RB 34823 5615 3 far far RB 34823 5615 4 as as IN 34823 5615 5 credit credit NN 34823 5615 6 - - HYPH 34823 5615 7 arrangements arrangement NNS 34823 5615 8 give give VBP 34823 5615 9 to to IN 34823 5615 10 partial partial JJ 34823 5615 11 rights right NNS 34823 5615 12 to to TO 34823 5615 13 wealth wealth VB 34823 5615 14 the the DT 34823 5615 15 capacity capacity NN 34823 5615 16 to to TO 34823 5615 17 serve serve VB 34823 5615 18 as as IN 34823 5615 19 a a DT 34823 5615 20 medium medium NN 34823 5615 21 of of IN 34823 5615 22 exchange exchange NN 34823 5615 23 or or CC 34823 5615 24 for for IN 34823 5615 25 other other JJ 34823 5615 26 money money NN 34823 5615 27 purposes purpose NNS 34823 5615 28 -- -- : 34823 5615 29 and and CC 34823 5615 30 this this DT 34823 5615 31 is be VBZ 34823 5615 32 true true JJ 34823 5615 33 to to IN 34823 5615 34 a a DT 34823 5615 35 high high JJ 34823 5615 36 degree degree NN 34823 5615 37 of of IN 34823 5615 38 bank bank NN 34823 5615 39 - - HYPH 34823 5615 40 credit credit NN 34823 5615 41 -- -- : 34823 5615 42 this this DT 34823 5615 43 tends tend VBZ 34823 5615 44 to to TO 34823 5615 45 cut cut VB 34823 5615 46 under under IN 34823 5615 47 the the DT 34823 5615 48 sources source NNS 34823 5615 49 of of IN 34823 5615 50 value value NN 34823 5615 51 of of IN 34823 5615 52 money money NN 34823 5615 53 . . . 34823 5616 1 Credit credit NN 34823 5616 2 thus thus RB 34823 5616 3 , , , 34823 5616 4 from from IN 34823 5616 5 two two CD 34823 5616 6 angles angle NNS 34823 5616 7 , , , 34823 5616 8 tends tend VBZ 34823 5616 9 to to TO 34823 5616 10 raise raise VB 34823 5616 11 prices price NNS 34823 5616 12 ; ; : 34823 5616 13 it -PRON- PRP 34823 5616 14 raises raise VBZ 34823 5616 15 the the DT 34823 5616 16 values value NNS 34823 5616 17 of of IN 34823 5616 18 goods good NNS 34823 5616 19 ; ; : 34823 5616 20 and and CC 34823 5616 21 it -PRON- PRP 34823 5616 22 tends tend VBZ 34823 5616 23 to to TO 34823 5616 24 lower lower VB 34823 5616 25 the the DT 34823 5616 26 value value NN 34823 5616 27 of of IN 34823 5616 28 money money NN 34823 5616 29 . . . 34823 5617 1 The the DT 34823 5617 2 limits limit NNS 34823 5617 3 on on IN 34823 5617 4 this this DT 34823 5617 5 , , , 34823 5617 6 however however RB 34823 5617 7 , , , 34823 5617 8 are be VBP 34823 5617 9 reached reach VBN 34823 5617 10 when when WRB 34823 5617 11 gold gold NN 34823 5617 12 ceases cease VBZ 34823 5617 13 entirely entirely RB 34823 5617 14 to to TO 34823 5617 15 function function VB 34823 5617 16 as as IN 34823 5617 17 money money NN 34823 5617 18 , , , 34823 5617 19 and and CC 34823 5617 20 when when WRB 34823 5617 21 all all DT 34823 5617 22 items item NNS 34823 5617 23 of of IN 34823 5617 24 value value NN 34823 5617 25 are be VBP 34823 5617 26 perfectly perfectly RB 34823 5617 27 saleable saleable JJ 34823 5617 28 . . . 34823 5618 1 Then then RB 34823 5618 2 credit credit NN 34823 5618 3 has have VBZ 34823 5618 4 done do VBN 34823 5618 5 its -PRON- PRP$ 34823 5618 6 perfect perfect JJ 34823 5618 7 work work NN 34823 5618 8 for for IN 34823 5618 9 prices price NNS 34823 5618 10 , , , 34823 5618 11 and and CC 34823 5618 12 can can MD 34823 5618 13 do do VB 34823 5618 14 no no DT 34823 5618 15 more more JJR 34823 5618 16 . . . 34823 5619 1 No no DT 34823 5619 2 incentive incentive NN 34823 5619 3 remains remain VBZ 34823 5619 4 for for IN 34823 5619 5 further further JJ 34823 5619 6 borrowing borrowing NN 34823 5619 7 , , , 34823 5619 8 if if IN 34823 5619 9 all all DT 34823 5619 10 items item NNS 34823 5619 11 of of IN 34823 5619 12 value value NN 34823 5619 13 that that WDT 34823 5619 14 need need VBP 34823 5619 15 to to TO 34823 5619 16 be be VB 34823 5619 17 exchanged exchange VBN 34823 5619 18 are be VBP 34823 5619 19 perfectly perfectly RB 34823 5619 20 saleable saleable JJ 34823 5619 21 . . . 34823 5620 1 These these DT 34823 5620 2 these these DT 34823 5620 3 s s NNS 34823 5620 4 will will MD 34823 5620 5 meet meet VB 34823 5620 6 objection objection NN 34823 5620 7 , , , 34823 5620 8 particularly particularly RB 34823 5620 9 from from IN 34823 5620 10 those those DT 34823 5620 11 who who WP 34823 5620 12 are be VBP 34823 5620 13 accustomed accustomed JJ 34823 5620 14 to to IN 34823 5620 15 quantity quantity NN 34823 5620 16 theory theory NN 34823 5620 17 reasoning reasoning NN 34823 5620 18 , , , 34823 5620 19 and and CC 34823 5620 20 who who WP 34823 5620 21 look look VBP 34823 5620 22 upon upon IN 34823 5620 23 the the DT 34823 5620 24 volume volume NN 34823 5620 25 of of IN 34823 5620 26 credit credit NN 34823 5620 27 as as IN 34823 5620 28 something something NN 34823 5620 29 independent independent JJ 34823 5620 30 of of IN 34823 5620 31 the the DT 34823 5620 32 volume volume NN 34823 5620 33 of of IN 34823 5620 34 trade trade NN 34823 5620 35 . . . 34823 5621 1 On on IN 34823 5621 2 the the DT 34823 5621 3 logic logic NN 34823 5621 4 of of IN 34823 5621 5 the the DT 34823 5621 6 quantity quantity NN 34823 5621 7 theory theory NN 34823 5621 8 there there EX 34823 5621 9 is be VBZ 34823 5621 10 no no DT 34823 5621 11 reason reason NN 34823 5621 12 why why WRB 34823 5621 13 prices price NNS 34823 5621 14 might may MD 34823 5621 15 not not RB 34823 5621 16 mount mount VB 34823 5621 17 indefinitely indefinitely RB 34823 5621 18 , , , 34823 5621 19 if if IN 34823 5621 20 only only JJ 34823 5621 21 credit credit NN 34823 5621 22 could could MD 34823 5621 23 increase increase VB 34823 5621 24 indefinitely indefinitely RB 34823 5621 25 . . . 34823 5622 1 The the DT 34823 5622 2 causes cause NNS 34823 5622 3 controlling control VBG 34823 5622 4 the the DT 34823 5622 5 volume volume NN 34823 5622 6 of of IN 34823 5622 7 credit credit NN 34823 5622 8 are be VBP 34823 5622 9 , , , 34823 5622 10 on on IN 34823 5622 11 this this DT 34823 5622 12 view view NN 34823 5622 13 , , , 34823 5622 14 quite quite RB 34823 5622 15 independent independent JJ 34823 5622 16 of of IN 34823 5622 17 the the DT 34823 5622 18 volume volume NN 34823 5622 19 of of IN 34823 5622 20 trade trade NN 34823 5622 21 . . . 34823 5623 1 I -PRON- PRP 34823 5623 2 have have VBP 34823 5623 3 given give VBN 34823 5623 4 this this DT 34823 5623 5 line line NN 34823 5623 6 of of IN 34823 5623 7 thought think VBN 34823 5623 8 sufficient sufficient JJ 34823 5623 9 criticism criticism NN 34823 5623 10 , , , 34823 5623 11 perhaps perhaps RB 34823 5623 12 , , , 34823 5623 13 in in IN 34823 5623 14 Part Part NNP 34823 5623 15 II II NNP 34823 5623 16 , , , 34823 5623 17 but but CC 34823 5623 18 shall shall MD 34823 5623 19 find find VB 34823 5623 20 occasion occasion NN 34823 5623 21 to to TO 34823 5623 22 recur recur VB 34823 5623 23 to to IN 34823 5623 24 it -PRON- PRP 34823 5623 25 at at IN 34823 5623 26 a a DT 34823 5623 27 later later JJ 34823 5623 28 point point NN 34823 5623 29 in in IN 34823 5623 30 this this DT 34823 5623 31 chapter chapter NN 34823 5623 32 . . . 34823 5624 1 However however RB 34823 5624 2 , , , 34823 5624 3 writers writer NNS 34823 5624 4 not not RB 34823 5624 5 bound bind VBN 34823 5624 6 by by IN 34823 5624 7 quantity quantity NN 34823 5624 8 theory theory NN 34823 5624 9 ideas idea NNS 34823 5624 10 , , , 34823 5624 11 may may MD 34823 5624 12 still still RB 34823 5624 13 find find VB 34823 5624 14 reason reason NN 34823 5624 15 to to TO 34823 5624 16 question question VB 34823 5624 17 these these DT 34823 5624 18 these these DT 34823 5624 19 s s NNS 34823 5624 20 , , , 34823 5624 21 and and CC 34823 5624 22 it -PRON- PRP 34823 5624 23 is be VBZ 34823 5624 24 necessary necessary JJ 34823 5624 25 that that IN 34823 5624 26 I -PRON- PRP 34823 5624 27 should should MD 34823 5624 28 take take VB 34823 5624 29 account account NN 34823 5624 30 of of IN 34823 5624 31 various various JJ 34823 5624 32 complications complication NNS 34823 5624 33 , , , 34823 5624 34 and and CC 34823 5624 35 make make VB 34823 5624 36 what what WP 34823 5624 37 may may MD 34823 5624 38 well well RB 34823 5624 39 be be VB 34823 5624 40 called call VBN 34823 5624 41 substantial substantial JJ 34823 5624 42 qualifications qualification NNS 34823 5624 43 and and CC 34823 5624 44 modifications modification NNS 34823 5624 45 , , , 34823 5624 46 before before IN 34823 5624 47 the the DT 34823 5624 48 these these DT 34823 5624 49 s s NNS 34823 5624 50 are be VBP 34823 5624 51 acceptable acceptable JJ 34823 5624 52 . . . 34823 5625 1 First first RB 34823 5625 2 , , , 34823 5625 3 objection objection NN 34823 5625 4 will will MD 34823 5625 5 be be VB 34823 5625 6 offered offer VBN 34823 5625 7 to to IN 34823 5625 8 the the DT 34823 5625 9 doctrine doctrine NN 34823 5625 10 that that IN 34823 5625 11 all all DT 34823 5625 12 credit credit NN 34823 5625 13 is be VBZ 34823 5625 14 merely merely RB 34823 5625 15 rights right NNS 34823 5625 16 to to IN 34823 5625 17 wealth wealth NN 34823 5625 18 , , , 34823 5625 19 that that DT 34823 5625 20 credit credit NN 34823 5625 21 rests rest NNS 34823 5625 22 on on IN 34823 5625 23 wealth wealth NN 34823 5625 24 . . . 34823 5626 1 It -PRON- PRP 34823 5626 2 will will MD 34823 5626 3 be be VB 34823 5626 4 urged urge VBN 34823 5626 5 that that IN 34823 5626 6 many many JJ 34823 5626 7 loans loan NNS 34823 5626 8 are be VBP 34823 5626 9 made make VBN 34823 5626 10 without without IN 34823 5626 11 collateral collateral NN 34823 5626 12 , , , 34823 5626 13 or or CC 34823 5626 14 mortgage mortgage NN 34823 5626 15 security security NN 34823 5626 16 , , , 34823 5626 17 that that IN 34823 5626 18 the the DT 34823 5626 19 " " `` 34823 5626 20 personal personal JJ 34823 5626 21 credit credit NN 34823 5626 22 " " '' 34823 5626 23 of of IN 34823 5626 24 the the DT 34823 5626 25 borrower borrower NN 34823 5626 26 is be VBZ 34823 5626 27 the the DT 34823 5626 28 only only JJ 34823 5626 29 security security NN 34823 5626 30 , , , 34823 5626 31 and and CC 34823 5626 32 the the DT 34823 5626 33 only only JJ 34823 5626 34 basis basis NN 34823 5626 35 of of IN 34823 5626 36 the the DT 34823 5626 37 loan loan NN 34823 5626 38 . . . 34823 5627 1 This this DT 34823 5627 2 objection objection NN 34823 5627 3 is be VBZ 34823 5627 4 not not RB 34823 5627 5 serious serious JJ 34823 5627 6 . . . 34823 5628 1 There there EX 34823 5628 2 are be VBP 34823 5628 3 , , , 34823 5628 4 doubtless doubtless JJ 34823 5628 5 , , , 34823 5628 6 loans loan NNS 34823 5628 7 which which WDT 34823 5628 8 are be VBP 34823 5628 9 disguised disguise VBN 34823 5628 10 benevolences benevolence NNS 34823 5628 11 , , , 34823 5628 12 where where WRB 34823 5628 13 the the DT 34823 5628 14 lender lender NN 34823 5628 15 gets get VBZ 34823 5628 16 nothing nothing NN 34823 5628 17 good good JJ 34823 5628 18 in in IN 34823 5628 19 return return NN 34823 5628 20 for for IN 34823 5628 21 his -PRON- PRP$ 34823 5628 22 loan loan NN 34823 5628 23 . . . 34823 5629 1 I -PRON- PRP 34823 5629 2 abstract abstract VBP 34823 5629 3 from from IN 34823 5629 4 such such JJ 34823 5629 5 cases case NNS 34823 5629 6 . . . 34823 5630 1 Quantitatively quantitatively RB 34823 5630 2 they -PRON- PRP 34823 5630 3 are be VBP 34823 5630 4 not not RB 34823 5630 5 important important JJ 34823 5630 6 , , , 34823 5630 7 and and CC 34823 5630 8 qualitatively qualitatively RB 34823 5630 9 they -PRON- PRP 34823 5630 10 are be VBP 34823 5630 11 not not RB 34823 5630 12 really really RB 34823 5630 13 commercial commercial JJ 34823 5630 14 transactions transaction NNS 34823 5630 15 . . . 34823 5631 1 In in IN 34823 5631 2 general general JJ 34823 5631 3 , , , 34823 5631 4 when when WRB 34823 5631 5 a a DT 34823 5631 6 good good JJ 34823 5631 7 merchant merchant NN 34823 5631 8 borrows borrow VBZ 34823 5631 9 at at IN 34823 5631 10 the the DT 34823 5631 11 bank bank NN 34823 5631 12 on on IN 34823 5631 13 his -PRON- PRP$ 34823 5631 14 personal personal JJ 34823 5631 15 note note NN 34823 5631 16 , , , 34823 5631 17 the the DT 34823 5631 18 bank bank NN 34823 5631 19 knows know VBZ 34823 5631 20 very very RB 34823 5631 21 well well RB 34823 5631 22 what what WDT 34823 5631 23 goods good NNS 34823 5631 24 he -PRON- PRP 34823 5631 25 has have VBZ 34823 5631 26 in in IN 34823 5631 27 stock stock NN 34823 5631 28 , , , 34823 5631 29 what what WDT 34823 5631 30 prospects prospect NNS 34823 5631 31 he -PRON- PRP 34823 5631 32 has have VBZ 34823 5631 33 for for IN 34823 5631 34 marketing market VBG 34823 5631 35 them -PRON- PRP 34823 5631 36 , , , 34823 5631 37 what what WDT 34823 5631 38 other other JJ 34823 5631 39 debts debt NNS 34823 5631 40 he -PRON- PRP 34823 5631 41 has have VBZ 34823 5631 42 , , , 34823 5631 43 what what WP 34823 5631 44 his -PRON- PRP$ 34823 5631 45 " " `` 34823 5631 46 net net JJ 34823 5631 47 worth worth NN 34823 5631 48 " " '' 34823 5631 49 is be VBZ 34823 5631 50 . . . 34823 5632 1 And and CC 34823 5632 2 the the DT 34823 5632 3 bank bank NN 34823 5632 4 knows know VBZ 34823 5632 5 that that IN 34823 5632 6 it -PRON- PRP 34823 5632 7 has have VBZ 34823 5632 8 legal legal JJ 34823 5632 9 claims claim NNS 34823 5632 10 , , , 34823 5632 11 even even RB 34823 5632 12 though though IN 34823 5632 13 not not RB 34823 5632 14 preferred prefer VBN 34823 5632 15 claims claim NNS 34823 5632 16 , , , 34823 5632 17 on on IN 34823 5632 18 his -PRON- PRP$ 34823 5632 19 wealth wealth NN 34823 5632 20 . . . 34823 5633 1 When when WRB 34823 5633 2 a a DT 34823 5633 3 young young JJ 34823 5633 4 business business NN 34823 5633 5 man man NN 34823 5633 6 borrows borrow VBZ 34823 5633 7 capital capital NN 34823 5633 8 from from IN 34823 5633 9 a a DT 34823 5633 10 neighbor neighbor NN 34823 5633 11 , , , 34823 5633 12 giving give VBG 34823 5633 13 no no DT 34823 5633 14 security security NN 34823 5633 15 because because IN 34823 5633 16 he -PRON- PRP 34823 5633 17 has have VBZ 34823 5633 18 no no DT 34823 5633 19 marketable marketable JJ 34823 5633 20 wealth wealth NN 34823 5633 21 which which WDT 34823 5633 22 would would MD 34823 5633 23 serve serve VB 34823 5633 24 as as IN 34823 5633 25 security security NN 34823 5633 26 , , , 34823 5633 27 he -PRON- PRP 34823 5633 28 is be VBZ 34823 5633 29 , , , 34823 5633 30 none none NN 34823 5633 31 the the DT 34823 5633 32 less less RBR 34823 5633 33 , , , 34823 5633 34 exchanging exchange VBG 34823 5633 35 a a DT 34823 5633 36 valuable valuable JJ 34823 5633 37 right right NN 34823 5633 38 for for IN 34823 5633 39 the the DT 34823 5633 40 loan loan NN 34823 5633 41 . . . 34823 5634 1 He -PRON- PRP 34823 5634 2 is be VBZ 34823 5634 3 giving give VBG 34823 5634 4 the the DT 34823 5634 5 lender lender NN 34823 5634 6 a a DT 34823 5634 7 right right NN 34823 5634 8 to to IN 34823 5634 9 a a DT 34823 5634 10 preferential preferential JJ 34823 5634 11 share share NN 34823 5634 12 in in IN 34823 5634 13 his -PRON- PRP$ 34823 5634 14 future future JJ 34823 5634 15 income income NN 34823 5634 16 . . . 34823 5635 1 The the DT 34823 5635 2 lender lender NN 34823 5635 3 has have VBZ 34823 5635 4 considered consider VBN 34823 5635 5 the the DT 34823 5635 6 young young JJ 34823 5635 7 man man NN 34823 5635 8 's 's POS 34823 5635 9 abilities ability NNS 34823 5635 10 as as IN 34823 5635 11 sources source NNS 34823 5635 12 of of IN 34823 5635 13 income income NN 34823 5635 14 , , , 34823 5635 15 in in IN 34823 5635 16 conjunction conjunction NN 34823 5635 17 with with IN 34823 5635 18 the the DT 34823 5635 19 capital capital NN 34823 5635 20 lent lend VBN 34823 5635 21 . . . 34823 5636 1 Incidentally incidentally RB 34823 5636 2 , , , 34823 5636 3 the the DT 34823 5636 4 lender lender NN 34823 5636 5 retains retain VBZ 34823 5636 6 rights right NNS 34823 5636 7 , , , 34823 5636 8 preferential preferential JJ 34823 5636 9 rights right NNS 34823 5636 10 as as IN 34823 5636 11 against against IN 34823 5636 12 the the DT 34823 5636 13 young young JJ 34823 5636 14 man man NN 34823 5636 15 himself -PRON- PRP 34823 5636 16 , , , 34823 5636 17 in in IN 34823 5636 18 the the DT 34823 5636 19 quantum quantum NN 34823 5636 20 of of IN 34823 5636 21 value value NN 34823 5636 22 he -PRON- PRP 34823 5636 23 has have VBZ 34823 5636 24 turned turn VBN 34823 5636 25 over over RP 34823 5636 26 to to IN 34823 5636 27 him -PRON- PRP 34823 5636 28 . . . 34823 5637 1 If if IN 34823 5637 2 a a DT 34823 5637 3 young young JJ 34823 5637 4 man man NN 34823 5637 5 borrows borrow VBZ 34823 5637 6 the the DT 34823 5637 7 resources resource NNS 34823 5637 8 with with IN 34823 5637 9 which which WDT 34823 5637 10 he -PRON- PRP 34823 5637 11 buys buy VBZ 34823 5637 12 a a DT 34823 5637 13 farm farm NN 34823 5637 14 , , , 34823 5637 15 the the DT 34823 5637 16 lender lender NN 34823 5637 17 takes take VBZ 34823 5637 18 a a DT 34823 5637 19 mortgage mortgage NN 34823 5637 20 on on IN 34823 5637 21 the the DT 34823 5637 22 farm farm NN 34823 5637 23 itself -PRON- PRP 34823 5637 24 . . . 34823 5638 1 Transactions transaction NNS 34823 5638 2 of of IN 34823 5638 3 this this DT 34823 5638 4 sort sort NN 34823 5638 5 frequently frequently RB 34823 5638 6 have have VBP 34823 5638 7 in in IN 34823 5638 8 them -PRON- PRP 34823 5638 9 the the DT 34823 5638 10 element element NN 34823 5638 11 of of IN 34823 5638 12 benevolence benevolence NN 34823 5638 13 , , , 34823 5638 14 and and CC 34823 5638 15 the the DT 34823 5638 16 considerations consideration NNS 34823 5638 17 are be VBP 34823 5638 18 not not RB 34823 5638 19 always always RB 34823 5638 20 strictly strictly RB 34823 5638 21 commercial commercial JJ 34823 5638 22 . . . 34823 5639 1 In in IN 34823 5639 2 the the DT 34823 5639 3 case case NN 34823 5639 4 of of IN 34823 5639 5 a a DT 34823 5639 6 young young JJ 34823 5639 7 man man NN 34823 5639 8 of of IN 34823 5639 9 unusual unusual JJ 34823 5639 10 ability ability NN 34823 5639 11 , , , 34823 5639 12 however however RB 34823 5639 13 , , , 34823 5639 14 who who WP 34823 5639 15 insures insure VBZ 34823 5639 16 his -PRON- PRP$ 34823 5639 17 life life NN 34823 5639 18 for for IN 34823 5639 19 the the DT 34823 5639 20 benefit benefit NN 34823 5639 21 of of IN 34823 5639 22 the the DT 34823 5639 23 lender lender NN 34823 5639 24 , , , 34823 5639 25 such such JJ 34823 5639 26 transactions transaction NNS 34823 5639 27 may may MD 34823 5639 28 be be VB 34823 5639 29 perfectly perfectly RB 34823 5639 30 good good JJ 34823 5639 31 commercial commercial JJ 34823 5639 32 transactions transaction NNS 34823 5639 33 , , , 34823 5639 34 value value NN 34823 5639 35 balancing balance VBG 34823 5639 36 value value NN 34823 5639 37 in in IN 34823 5639 38 the the DT 34823 5639 39 exchange exchange NN 34823 5639 40 . . . 34823 5640 1 The the DT 34823 5640 2 thing thing NN 34823 5640 3 traded trade VBN 34823 5640 4 is be VBZ 34823 5640 5 commonly commonly RB 34823 5640 6 present present JJ 34823 5640 7 money money NN 34823 5640 8 ( ( -LRB- 34823 5640 9 or or CC 34823 5640 10 its -PRON- PRP$ 34823 5640 11 equivalent equivalent NN 34823 5640 12 ) ) -RRB- 34823 5640 13 for for IN 34823 5640 14 rights right NNS 34823 5640 15 to to IN 34823 5640 16 future future JJ 34823 5640 17 money money NN 34823 5640 18 income income NN 34823 5640 19 . . . 34823 5641 1 Public public JJ 34823 5641 2 loans loan NNS 34823 5641 3 present present VBP 34823 5641 4 no no DT 34823 5641 5 exception exception NN 34823 5641 6 to to IN 34823 5641 7 our -PRON- PRP$ 34823 5641 8 rule rule NN 34823 5641 9 . . . 34823 5642 1 They -PRON- PRP 34823 5642 2 represent represent VBP 34823 5642 3 the the DT 34823 5642 4 transfer transfer NN 34823 5642 5 of of IN 34823 5642 6 present present JJ 34823 5642 7 wealth wealth NN 34823 5642 8 for for IN 34823 5642 9 the the DT 34823 5642 10 future future JJ 34823 5642 11 income income NN 34823 5642 12 which which WDT 34823 5642 13 the the DT 34823 5642 14 government government NN 34823 5642 15 , , , 34823 5642 16 by by IN 34823 5642 17 virtue virtue NN 34823 5642 18 of of IN 34823 5642 19 its -PRON- PRP$ 34823 5642 20 public public JJ 34823 5642 21 domain domain NN 34823 5642 22 , , , 34823 5642 23 or or CC 34823 5642 24 , , , 34823 5642 25 more more RBR 34823 5642 26 commonly commonly RB 34823 5642 27 , , , 34823 5642 28 its -PRON- PRP$ 34823 5642 29 taxing tax VBG 34823 5642 30 power power NN 34823 5642 31 , , , 34823 5642 32 may may MD 34823 5642 33 expect expect VB 34823 5642 34 to to TO 34823 5642 35 receive receive VB 34823 5642 36 . . . 34823 5643 1 With with IN 34823 5643 2 a a DT 34823 5643 3 strong strong JJ 34823 5643 4 government government NN 34823 5643 5 , , , 34823 5643 6 this this DT 34823 5643 7 future future JJ 34823 5643 8 income income NN 34823 5643 9 may may MD 34823 5643 10 be be VB 34823 5643 11 a a DT 34823 5643 12 very very RB 34823 5643 13 substantial substantial JJ 34823 5643 14 part part NN 34823 5643 15 of of IN 34823 5643 16 the the DT 34823 5643 17 total total JJ 34823 5643 18 income income NN 34823 5643 19 of of IN 34823 5643 20 the the DT 34823 5643 21 people people NNS 34823 5643 22 . . . 34823 5644 1 Public public JJ 34823 5644 2 loans loan NNS 34823 5644 3 may may MD 34823 5644 4 often often RB 34823 5644 5 be be VB 34823 5644 6 for for IN 34823 5644 7 commercial commercial JJ 34823 5644 8 purposes purpose NNS 34823 5644 9 , , , 34823 5644 10 as as IN 34823 5644 11 when when WRB 34823 5644 12 municipalities municipality NNS 34823 5644 13 borrow borrow VBP 34823 5644 14 to to TO 34823 5644 15 build build VB 34823 5644 16 or or CC 34823 5644 17 extend extend VB 34823 5644 18 municipal municipal JJ 34823 5644 19 enterprises enterprise NNS 34823 5644 20 . . . 34823 5645 1 In in IN 34823 5645 2 cases case NNS 34823 5645 3 of of IN 34823 5645 4 this this DT 34823 5645 5 sort sort NN 34823 5645 6 , , , 34823 5645 7 the the DT 34823 5645 8 market market NN 34823 5645 9 frequently frequently RB 34823 5645 10 will will MD 34823 5645 11 consider consider VB 34823 5645 12 the the DT 34823 5645 13 prospects prospect NNS 34823 5645 14 of of IN 34823 5645 15 commercial commercial JJ 34823 5645 16 success success NN 34823 5645 17 of of IN 34823 5645 18 the the DT 34823 5645 19 enterprises enterprise NNS 34823 5645 20 in in IN 34823 5645 21 fixing fix VBG 34823 5645 22 the the DT 34823 5645 23 value value NN 34823 5645 24 of of IN 34823 5645 25 the the DT 34823 5645 26 municipal municipal JJ 34823 5645 27 bonds bond NNS 34823 5645 28 . . . 34823 5646 1 Where where WRB 34823 5646 2 the the DT 34823 5646 3 proceeds proceed NNS 34823 5646 4 of of IN 34823 5646 5 the the DT 34823 5646 6 loan loan NN 34823 5646 7 are be VBP 34823 5646 8 for for IN 34823 5646 9 non non JJ 34823 5646 10 - - JJ 34823 5646 11 commercial commercial JJ 34823 5646 12 purposes purpose NNS 34823 5646 13 , , , 34823 5646 14 as as IN 34823 5646 15 war war NN 34823 5646 16 , , , 34823 5646 17 the the DT 34823 5646 18 question question NN 34823 5646 19 of of IN 34823 5646 20 the the DT 34823 5646 21 future future JJ 34823 5646 22 income income NN 34823 5646 23 of of IN 34823 5646 24 the the DT 34823 5646 25 government government NN 34823 5646 26 will will MD 34823 5646 27 still still RB 34823 5646 28 , , , 34823 5646 29 ordinarily ordinarily RB 34823 5646 30 , , , 34823 5646 31 be be VB 34823 5646 32 a a DT 34823 5646 33 dominant dominant JJ 34823 5646 34 factor factor NN 34823 5646 35 in in IN 34823 5646 36 determining determine VBG 34823 5646 37 the the DT 34823 5646 38 value value NN 34823 5646 39 of of IN 34823 5646 40 the the DT 34823 5646 41 securities security NNS 34823 5646 42 . . . 34823 5647 1 Often often RB 34823 5647 2 , , , 34823 5647 3 however however RB 34823 5647 4 , , , 34823 5647 5 there there EX 34823 5647 6 is be VBZ 34823 5647 7 the the DT 34823 5647 8 direct direct JJ 34823 5647 9 action action NN 34823 5647 10 of of IN 34823 5647 11 patriotic patriotic JJ 34823 5647 12 fervor fervor NN 34823 5647 13 , , , 34823 5647 14 etc etc FW 34823 5647 15 . . . 34823 5647 16 , , , 34823 5647 17 enhancing enhance VBG 34823 5647 18 the the DT 34823 5647 19 values value NNS 34823 5647 20 of of IN 34823 5647 21 government government NN 34823 5647 22 securities security NNS 34823 5647 23 . . . 34823 5648 1 We -PRON- PRP 34823 5648 2 have have VBP 34823 5648 3 seen see VBN 34823 5648 4 this this DT 34823 5648 5 in in IN 34823 5648 6 the the DT 34823 5648 7 case case NN 34823 5648 8 of of IN 34823 5648 9 government government NN 34823 5648 10 money money NN 34823 5648 11 . . . 34823 5649 1 It -PRON- PRP 34823 5649 2 is be VBZ 34823 5649 3 no no DT 34823 5649 4 part part NN 34823 5649 5 of of IN 34823 5649 6 our -PRON- PRP$ 34823 5649 7 theory theory NN 34823 5649 8 to to TO 34823 5649 9 maintain maintain VB 34823 5649 10 that that IN 34823 5649 11 men man NNS 34823 5649 12 's 's POS 34823 5649 13 calculations calculation NNS 34823 5649 14 are be VBP 34823 5649 15 always always RB 34823 5649 16 rational rational JJ 34823 5649 17 , , , 34823 5649 18 or or CC 34823 5649 19 that that IN 34823 5649 20 the the DT 34823 5649 21 whole whole NN 34823 5649 22 of of IN 34823 5649 23 the the DT 34823 5649 24 value value NN 34823 5649 25 of of IN 34823 5649 26 a a DT 34823 5649 27 long long JJ 34823 5649 28 - - HYPH 34823 5649 29 time time NN 34823 5649 30 income income NN 34823 5649 31 - - HYPH 34823 5649 32 bearer bearer NN 34823 5649 33 rests rest NNS 34823 5649 34 on on IN 34823 5649 35 the the DT 34823 5649 36 anticipated anticipated JJ 34823 5649 37 income income NN 34823 5649 38 . . . 34823 5650 1 But but CC 34823 5650 2 this this DT 34823 5650 3 is be VBZ 34823 5650 4 no no DT 34823 5650 5 peculiarity peculiarity NN 34823 5650 6 of of IN 34823 5650 7 credit credit NN 34823 5650 8 phenomena phenomenon NNS 34823 5650 9 . . . 34823 5651 1 The the DT 34823 5651 2 same same JJ 34823 5651 3 thing thing NN 34823 5651 4 is be VBZ 34823 5651 5 true true JJ 34823 5651 6 of of IN 34823 5651 7 lands land NNS 34823 5651 8 , , , 34823 5651 9 for for IN 34823 5651 10 example example NN 34823 5651 11 . . . 34823 5652 1 Capital capital NN 34823 5652 2 values value NNS 34823 5652 3 often often RB 34823 5652 4 get get VBP 34823 5652 5 independent independent JJ 34823 5652 6 in in IN 34823 5652 7 part part NN 34823 5652 8 of of IN 34823 5652 9 their -PRON- PRP$ 34823 5652 10 " " `` 34823 5652 11 presuppositions presupposition NNS 34823 5652 12 , , , 34823 5652 13 " " '' 34823 5652 14 as as IN 34823 5652 15 we -PRON- PRP 34823 5652 16 have have VBP 34823 5652 17 seen see VBN 34823 5652 18 in in IN 34823 5652 19 the the DT 34823 5652 20 chapter chapter NN 34823 5652 21 , , , 34823 5652 22 _ _ NNP 34823 5652 23 supra supra NNP 34823 5652 24 _ _ NNP 34823 5652 25 , , , 34823 5652 26 on on IN 34823 5652 27 " " `` 34823 5652 28 Economic Economic NNP 34823 5652 29 Value Value NNP 34823 5652 30 . . . 34823 5652 31 " " '' 34823 5653 1 War war NN 34823 5653 2 security security NN 34823 5653 3 issues issue NNS 34823 5653 4 often often RB 34823 5653 5 represent represent VBP 34823 5653 6 the the DT 34823 5653 7 effort effort NN 34823 5653 8 of of IN 34823 5653 9 the the DT 34823 5653 10 government government NN 34823 5653 11 -- -- : 34823 5653 12 as as IN 34823 5653 13 at at IN 34823 5653 14 the the DT 34823 5653 15 present present JJ 34823 5653 16 time time NN 34823 5653 17 -- -- : 34823 5653 18 to to TO 34823 5653 19 bring bring VB 34823 5653 20 into into IN 34823 5653 21 the the DT 34823 5653 22 present present JJ 34823 5653 23 every every DT 34823 5653 24 possible possible JJ 34823 5653 25 bit bit NN 34823 5653 26 of of IN 34823 5653 27 future future JJ 34823 5653 28 values value NNS 34823 5653 29 , , , 34823 5653 30 as as IN 34823 5653 31 a a DT 34823 5653 32 means means NN 34823 5653 33 of of IN 34823 5653 34 increasing increase VBG 34823 5653 35 their -PRON- PRP$ 34823 5653 36 power power NN 34823 5653 37 in in IN 34823 5653 38 a a DT 34823 5653 39 desperate desperate JJ 34823 5653 40 struggle struggle NN 34823 5653 41 . . . 34823 5654 1 The the DT 34823 5654 2 high high JJ 34823 5654 3 prices price NNS 34823 5654 4 of of IN 34823 5654 5 goods good NNS 34823 5654 6 in in IN 34823 5654 7 such such PDT 34823 5654 8 a a DT 34823 5654 9 situation situation NN 34823 5654 10 represent represent VBP 34823 5654 11 the the DT 34823 5654 12 concentration concentration NN 34823 5654 13 of of IN 34823 5654 14 future future JJ 34823 5654 15 values value NNS 34823 5654 16 into into IN 34823 5654 17 the the DT 34823 5654 18 present present NN 34823 5654 19 , , , 34823 5654 20 an an DT 34823 5654 21 increase increase NN 34823 5654 22 in in IN 34823 5654 23 the the DT 34823 5654 24 motivating motivating NN 34823 5654 25 power power NN 34823 5654 26 which which WDT 34823 5654 27 stimulates stimulate VBZ 34823 5654 28 the the DT 34823 5654 29 people people NNS 34823 5654 30 to to IN 34823 5654 31 unwonted unwonted JJ 34823 5654 32 exertions exertion NNS 34823 5654 33 . . . 34823 5655 1 In in IN 34823 5655 2 war war NN 34823 5655 3 time time NN 34823 5655 4 , , , 34823 5655 5 moreover moreover RB 34823 5655 6 , , , 34823 5655 7 many many JJ 34823 5655 8 _ _ NNP 34823 5655 9 ideal ideal NN 34823 5655 10 _ _ NNP 34823 5655 11 values,--those values,--those NNP 34823 5655 12 whose whose WP$ 34823 5655 13 fate fate NN 34823 5655 14 is be VBZ 34823 5655 15 dependent dependent JJ 34823 5655 16 on on IN 34823 5655 17 the the DT 34823 5655 18 outcome outcome NN 34823 5655 19 of of IN 34823 5655 20 the the DT 34823 5655 21 war war NN 34823 5655 22 -- -- : 34823 5655 23 enter enter VBP 34823 5655 24 into into IN 34823 5655 25 and and CC 34823 5655 26 increase increase VB 34823 5655 27 the the DT 34823 5655 28 values value NNS 34823 5655 29 of of IN 34823 5655 30 those those DT 34823 5655 31 goods good NNS 34823 5655 32 which which WDT 34823 5655 33 are be VBP 34823 5655 34 needed need VBN 34823 5655 35 for for IN 34823 5655 36 carrying carry VBG 34823 5655 37 on on IN 34823 5655 38 the the DT 34823 5655 39 war war NN 34823 5655 40 . . . 34823 5656 1 This this DT 34823 5656 2 leads lead VBZ 34823 5656 3 to to IN 34823 5656 4 larger large JJR 34823 5656 5 sacrifices sacrifice NNS 34823 5656 6 of of IN 34823 5656 7 future future JJ 34823 5656 8 income income NN 34823 5656 9 than than IN 34823 5656 10 would would MD 34823 5656 11 ordinarily ordinarily RB 34823 5656 12 be be VB 34823 5656 13 tolerated tolerate VBN 34823 5656 14 . . . 34823 5657 1 It -PRON- PRP 34823 5657 2 is be VBZ 34823 5657 3 not not RB 34823 5657 4 so so RB 34823 5657 5 much much RB 34823 5657 6 a a DT 34823 5657 7 case case NN 34823 5657 8 of of IN 34823 5657 9 present present JJ 34823 5657 10 goods good NNS 34823 5657 11 rising rise VBG 34823 5657 12 because because IN 34823 5657 13 of of IN 34823 5657 14 extra extra JJ 34823 5657 15 credit credit NN 34823 5657 16 , , , 34823 5657 17 as as IN 34823 5657 18 of of IN 34823 5657 19 extra extra JJ 34823 5657 20 credit credit NN 34823 5657 21 because because IN 34823 5657 22 present present JJ 34823 5657 23 goods good NNS 34823 5657 24 are be VBP 34823 5657 25 more more RBR 34823 5657 26 valuable valuable JJ 34823 5657 27 . . . 34823 5658 1 A a DT 34823 5658 2 second second JJ 34823 5658 3 objection objection NN 34823 5658 4 would would MD 34823 5658 5 be be VB 34823 5658 6 raised raise VBN 34823 5658 7 that that IN 34823 5658 8 in in IN 34823 5658 9 many many JJ 34823 5658 10 cases case NNS 34823 5658 11 , , , 34823 5658 12 the the DT 34823 5658 13 values value NNS 34823 5658 14 pledged pledge VBN 34823 5658 15 by by IN 34823 5658 16 the the DT 34823 5658 17 borrower borrower NN 34823 5658 18 could could MD 34823 5658 19 not not RB 34823 5658 20 exist exist VB 34823 5658 21 if if IN 34823 5658 22 the the DT 34823 5658 23 lender lender NN 34823 5658 24 did do VBD 34823 5658 25 not not RB 34823 5658 26 make make VB 34823 5658 27 the the DT 34823 5658 28 loan loan NN 34823 5658 29 . . . 34823 5659 1 This this DT 34823 5659 2 would would MD 34823 5659 3 be be VB 34823 5659 4 particularly particularly RB 34823 5659 5 the the DT 34823 5659 6 case case NN 34823 5659 7 with with IN 34823 5659 8 credit credit NN 34823 5659 9 granted grant VBN 34823 5659 10 for for IN 34823 5659 11 the the DT 34823 5659 12 starting starting NN 34823 5659 13 of of IN 34823 5659 14 a a DT 34823 5659 15 new new JJ 34823 5659 16 or or CC 34823 5659 17 novel novel JJ 34823 5659 18 enterprise enterprise NN 34823 5659 19 , , , 34823 5659 20 which which WDT 34823 5659 21 as as IN 34823 5659 22 yet yet RB 34823 5659 23 exists exist VBZ 34823 5659 24 only only RB 34823 5659 25 in in IN 34823 5659 26 idea idea NN 34823 5659 27 . . . 34823 5660 1 The the DT 34823 5660 2 established established JJ 34823 5660 3 merchant merchant NN 34823 5660 4 , , , 34823 5660 5 with with IN 34823 5660 6 goods good NNS 34823 5660 7 on on IN 34823 5660 8 his -PRON- PRP$ 34823 5660 9 shelves shelf NNS 34823 5660 10 , , , 34823 5660 11 or or CC 34823 5660 12 with with IN 34823 5660 13 a a DT 34823 5660 14 bill bill NN 34823 5660 15 of of IN 34823 5660 16 lading lade VBG 34823 5660 17 for for IN 34823 5660 18 goods good NNS 34823 5660 19 which which WDT 34823 5660 20 he -PRON- PRP 34823 5660 21 has have VBZ 34823 5660 22 sold sell VBN 34823 5660 23 , , , 34823 5660 24 has have VBZ 34823 5660 25 a a DT 34823 5660 26 very very RB 34823 5660 27 tangible tangible JJ 34823 5660 28 , , , 34823 5660 29 concrete concrete JJ 34823 5660 30 basis basis NN 34823 5660 31 for for IN 34823 5660 32 a a DT 34823 5660 33 loan loan NN 34823 5660 34 , , , 34823 5660 35 whose whose WP$ 34823 5660 36 value value NN 34823 5660 37 is be VBZ 34823 5660 38 independent independent JJ 34823 5660 39 of of IN 34823 5660 40 the the DT 34823 5660 41 decision decision NN 34823 5660 42 of of IN 34823 5660 43 any any DT 34823 5660 44 given give VBN 34823 5660 45 banker banker NN 34823 5660 46 . . . 34823 5661 1 If if IN 34823 5661 2 my -PRON- PRP$ 34823 5661 3 doctrine doctrine NN 34823 5661 4 is be VBZ 34823 5661 5 to to TO 34823 5661 6 be be VB 34823 5661 7 taken take VBN 34823 5661 8 as as IN 34823 5661 9 holding hold VBG 34823 5661 10 that that IN 34823 5661 11 all all DT 34823 5661 12 credit credit NN 34823 5661 13 rests rest NNS 34823 5661 14 on on IN 34823 5661 15 concrete concrete JJ 34823 5661 16 physical physical JJ 34823 5661 17 goods good NNS 34823 5661 18 , , , 34823 5661 19 very very RB 34823 5661 20 many many JJ 34823 5661 21 exceptions exception NNS 34823 5661 22 indeed indeed RB 34823 5661 23 could could MD 34823 5661 24 be be VB 34823 5661 25 found find VBN 34823 5661 26 . . . 34823 5662 1 But but CC 34823 5662 2 this this DT 34823 5662 3 is be VBZ 34823 5662 4 not not RB 34823 5662 5 my -PRON- PRP$ 34823 5662 6 doctrine doctrine NN 34823 5662 7 . . . 34823 5663 1 It -PRON- PRP 34823 5663 2 is be VBZ 34823 5663 3 that that DT 34823 5663 4 credit credit NN 34823 5663 5 rests rest NNS 34823 5663 6 on on IN 34823 5663 7 valuable valuable JJ 34823 5663 8 _ _ NNP 34823 5663 9 rights right NNS 34823 5663 10 _ _ NNP 34823 5663 11 . . . 34823 5664 1 These these DT 34823 5664 2 rights right NNS 34823 5664 3 may may MD 34823 5664 4 be be VB 34823 5664 5 rights right NNS 34823 5664 6 to to IN 34823 5664 7 existing exist VBG 34823 5664 8 concrete concrete JJ 34823 5664 9 goods good NNS 34823 5664 10 ; ; : 34823 5664 11 they -PRON- PRP 34823 5664 12 may may MD 34823 5664 13 be be VB 34823 5664 14 rights right NNS 34823 5664 15 to to IN 34823 5664 16 future future JJ 34823 5664 17 incomes income NNS 34823 5664 18 . . . 34823 5665 1 In in IN 34823 5665 2 any any DT 34823 5665 3 case case NN 34823 5665 4 , , , 34823 5665 5 it -PRON- PRP 34823 5665 6 is be VBZ 34823 5665 7 the the DT 34823 5665 8 values value NNS 34823 5665 9 , , , 34823 5665 10 rather rather RB 34823 5665 11 than than IN 34823 5665 12 the the DT 34823 5665 13 physical physical JJ 34823 5665 14 quantities quantity NNS 34823 5665 15 , , , 34823 5665 16 that that WDT 34823 5665 17 are be VBP 34823 5665 18 significant significant JJ 34823 5665 19 . . . 34823 5666 1 Witness witness NN 34823 5666 2 cotton cotton NN 34823 5666 3 before before IN 34823 5666 4 and and CC 34823 5666 5 after after IN 34823 5666 6 the the DT 34823 5666 7 outbreak outbreak NN 34823 5666 8 of of IN 34823 5666 9 the the DT 34823 5666 10 World World NNP 34823 5666 11 War War NNP 34823 5666 12 . . . 34823 5667 1 Ultimately ultimately RB 34823 5667 2 , , , 34823 5667 3 in in IN 34823 5667 4 general,[510 general,[510 NNP 34823 5667 5 ] ] -RRB- 34823 5667 6 economic economic JJ 34823 5667 7 values value NNS 34823 5667 8 come come VBP 34823 5667 9 from from IN 34823 5667 10 the the DT 34823 5667 11 " " `` 34823 5667 12 primary primary JJ 34823 5667 13 values value NNS 34823 5667 14 " " '' 34823 5667 15 or or CC 34823 5667 16 " " `` 34823 5667 17 first first JJ 34823 5667 18 order order NN 34823 5667 19 " " '' 34823 5667 20 values value NNS 34823 5667 21 of of IN 34823 5667 22 consumption consumption NN 34823 5667 23 goods good NNS 34823 5667 24 and and CC 34823 5667 25 services service NNS 34823 5667 26 . . . 34823 5668 1 These these DT 34823 5668 2 values value NNS 34823 5668 3 are be VBP 34823 5668 4 reflected reflect VBN 34823 5668 5 back back RB 34823 5668 6 , , , 34823 5668 7 by by IN 34823 5668 8 the the DT 34823 5668 9 imputation imputation NN 34823 5668 10 processes process NNS 34823 5668 11 , , , 34823 5668 12 to to IN 34823 5668 13 the the DT 34823 5668 14 various various JJ 34823 5668 15 " " '' 34823 5668 16 factors factor NNS 34823 5668 17 of of IN 34823 5668 18 production production NN 34823 5668 19 " " '' 34823 5668 20 which which WDT 34823 5668 21 have have VBP 34823 5668 22 made make VBN 34823 5668 23 the the DT 34823 5668 24 existence existence NN 34823 5668 25 of of IN 34823 5668 26 the the DT 34823 5668 27 goods good NNS 34823 5668 28 and and CC 34823 5668 29 services service NNS 34823 5668 30 possible possible JJ 34823 5668 31 , , , 34823 5668 32 in in IN 34823 5668 33 accordance accordance NN 34823 5668 34 with with IN 34823 5668 35 well well RB 34823 5668 36 - - HYPH 34823 5668 37 known know VBN 34823 5668 38 laws law NNS 34823 5668 39 which which WDT 34823 5668 40 need need VBP 34823 5668 41 not not RB 34823 5668 42 be be VB 34823 5668 43 here here RB 34823 5668 44 elaborated elaborate VBN 34823 5668 45 . . . 34823 5669 1 But but CC 34823 5669 2 the the DT 34823 5669 3 category category NN 34823 5669 4 of of IN 34823 5669 5 " " `` 34823 5669 6 factors factor NNS 34823 5669 7 of of IN 34823 5669 8 production production NN 34823 5669 9 " " `` 34823 5669 10 is be VBZ 34823 5669 11 far far RB 34823 5669 12 from from IN 34823 5669 13 exhausted exhausted JJ 34823 5669 14 when when WRB 34823 5669 15 we -PRON- PRP 34823 5669 16 have have VBP 34823 5669 17 named name VBN 34823 5669 18 land land NN 34823 5669 19 , , , 34823 5669 20 labor labor NN 34823 5669 21 , , , 34823 5669 22 and and CC 34823 5669 23 produced produce VBD 34823 5669 24 instruments instrument NNS 34823 5669 25 of of IN 34823 5669 26 production production NN 34823 5669 27 ! ! . 34823 5670 1 Some some DT 34823 5670 2 writers writer NNS 34823 5670 3 have have VBP 34823 5670 4 rejected reject VBN 34823 5670 5 the the DT 34823 5670 6 notion notion NN 34823 5670 7 of of IN 34823 5670 8 " " `` 34823 5670 9 factors factor NNS 34823 5670 10 of of IN 34823 5670 11 production production NN 34823 5670 12 " " `` 34823 5670 13 largely largely RB 34823 5670 14 or or CC 34823 5670 15 altogether altogether RB 34823 5670 16 , , , 34823 5670 17 and and CC 34823 5670 18 prefer prefer VB 34823 5670 19 such such PDT 34823 5670 20 a a DT 34823 5670 21 term term NN 34823 5670 22 as as IN 34823 5670 23 " " `` 34823 5670 24 agents agent NNS 34823 5670 25 of of IN 34823 5670 26 acquisition acquisition NN 34823 5670 27 . . . 34823 5671 1 " " `` 34823 5671 2 [ [ -LRB- 34823 5671 3 511 511 CD 34823 5671 4 ] ] -RRB- 34823 5671 5 I -PRON- PRP 34823 5671 6 certainly certainly RB 34823 5671 7 have have VBP 34823 5671 8 no no DT 34823 5671 9 intention intention NN 34823 5671 10 to to TO 34823 5671 11 give give VB 34823 5671 12 to to IN 34823 5671 13 the the DT 34823 5671 14 term term NN 34823 5671 15 , , , 34823 5671 16 factor factor NN 34823 5671 17 of of IN 34823 5671 18 production production NN 34823 5671 19 , , , 34823 5671 20 any any DT 34823 5671 21 ethical ethical JJ 34823 5671 22 connotation connotation NN 34823 5671 23 . . . 34823 5672 1 Even even RB 34823 5672 2 though though IN 34823 5672 3 a a DT 34823 5672 4 factor factor NN 34823 5672 5 of of IN 34823 5672 6 production production NN 34823 5672 7 be be VB 34823 5672 8 , , , 34823 5672 9 like like IN 34823 5672 10 land land NN 34823 5672 11 or or CC 34823 5672 12 labor labor NN 34823 5672 13 , , , 34823 5672 14 a a DT 34823 5672 15 _ _ NNP 34823 5672 16 sine sine NN 34823 5672 17 qua qua NN 34823 5672 18 non non AFX 34823 5672 19 _ _ NNP 34823 5672 20 of of IN 34823 5672 21 production production NN 34823 5672 22 , , , 34823 5672 23 it -PRON- PRP 34823 5672 24 does do VBZ 34823 5672 25 not not RB 34823 5672 26 follow follow VB 34823 5672 27 that that IN 34823 5672 28 the the DT 34823 5672 29 owner owner NN 34823 5672 30 of of IN 34823 5672 31 that that DT 34823 5672 32 factor factor NN 34823 5672 33 gets get VBZ 34823 5672 34 his -PRON- PRP$ 34823 5672 35 proper proper JJ 34823 5672 36 , , , 34823 5672 37 or or CC 34823 5672 38 ethically ethically RB 34823 5672 39 just just RB 34823 5672 40 share share VB 34823 5672 41 , , , 34823 5672 42 under under IN 34823 5672 43 the the DT 34823 5672 44 laws law NNS 34823 5672 45 of of IN 34823 5672 46 economic economic JJ 34823 5672 47 imputation imputation NN 34823 5672 48 . . . 34823 5673 1 Many many JJ 34823 5673 2 of of IN 34823 5673 3 the the DT 34823 5673 4 " " `` 34823 5673 5 factors factor NNS 34823 5673 6 of of IN 34823 5673 7 production production NN 34823 5673 8 , , , 34823 5673 9 " " '' 34823 5673 10 in in IN 34823 5673 11 the the DT 34823 5673 12 sense sense NN 34823 5673 13 of of IN 34823 5673 14 factor factor NN 34823 5673 15 which which WDT 34823 5673 16 derives derive VBZ 34823 5673 17 a a DT 34823 5673 18 value value NN 34823 5673 19 from from IN 34823 5673 20 the the DT 34823 5673 21 economic economic JJ 34823 5673 22 laws law NNS 34823 5673 23 of of IN 34823 5673 24 imputation imputation NN 34823 5673 25 , , , 34823 5673 26 may may MD 34823 5673 27 well well RB 34823 5673 28 be be VB 34823 5673 29 parasitic parasitic JJ 34823 5673 30 from from IN 34823 5673 31 the the DT 34823 5673 32 angle angle NN 34823 5673 33 of of IN 34823 5673 34 ultimate ultimate JJ 34823 5673 35 social social JJ 34823 5673 36 welfare welfare NN 34823 5673 37 . . . 34823 5674 1 The the DT 34823 5674 2 only only JJ 34823 5674 3 test test NN 34823 5674 4 is be VBZ 34823 5674 5 as as IN 34823 5674 6 to to IN 34823 5674 7 whether whether IN 34823 5674 8 , , , 34823 5674 9 under under IN 34823 5674 10 existing exist VBG 34823 5674 11 social social JJ 34823 5674 12 arrangements arrangement NNS 34823 5674 13 , , , 34823 5674 14 a a DT 34823 5674 15 portion portion NN 34823 5674 16 of of IN 34823 5674 17 the the DT 34823 5674 18 income income NN 34823 5674 19 _ _ XX 34823 5674 20 of of IN 34823 5674 21 a a DT 34823 5674 22 given give VBN 34823 5674 23 establishment establishment NN 34823 5674 24 _ _ NNP 34823 5674 25 would would MD 34823 5674 26 cease cease VB 34823 5674 27 to to TO 34823 5674 28 exist exist VB 34823 5674 29 if if IN 34823 5674 30 that that DT 34823 5674 31 factor factor NN 34823 5674 32 should should MD 34823 5674 33 disappear disappear VB 34823 5674 34 , , , 34823 5674 35 or or CC 34823 5674 36 be be VB 34823 5674 37 reduced reduce VBN 34823 5674 38 . . . 34823 5675 1 From from IN 34823 5675 2 the the DT 34823 5675 3 angle angle NN 34823 5675 4 of of IN 34823 5675 5 this this DT 34823 5675 6 test test NN 34823 5675 7 , , , 34823 5675 8 monopoly monopoly NNP 34823 5675 9 power power NN 34823 5675 10 , , , 34823 5675 11 trade trade NN 34823 5675 12 - - HYPH 34823 5675 13 marks mark NNS 34823 5675 14 , , , 34823 5675 15 established establish VBD 34823 5675 16 trade trade NN 34823 5675 17 connections connection NNS 34823 5675 18 , , , 34823 5675 19 the the DT 34823 5675 20 big big JJ 34823 5675 21 idea idea NN 34823 5675 22 of of IN 34823 5675 23 an an DT 34823 5675 24 entrepreneur entrepreneur NN 34823 5675 25 , , , 34823 5675 26 a a DT 34823 5675 27 dynamic dynamic JJ 34823 5675 28 personality personality NN 34823 5675 29 , , , 34823 5675 30 capacity capacity NN 34823 5675 31 for for IN 34823 5675 32 winning win VBG 34823 5675 33 other other JJ 34823 5675 34 men man NNS 34823 5675 35 's 's POS 34823 5675 36 confidence confidence NN 34823 5675 37 and and CC 34823 5675 38 good good NN 34823 5675 39 will will NN 34823 5675 40 , , , 34823 5675 41 and and CC 34823 5675 42 sometimes sometimes RB 34823 5675 43 that that IN 34823 5675 44 brutal brutal JJ 34823 5675 45 selfishness selfishness NN 34823 5675 46 which which WDT 34823 5675 47 makes make VBZ 34823 5675 48 other other JJ 34823 5675 49 men man NNS 34823 5675 50 shrink shrink VB 34823 5675 51 from from IN 34823 5675 52 conflict conflict NN 34823 5675 53 , , , 34823 5675 54 or or CC 34823 5675 55 the the DT 34823 5675 56 reputation reputation NN 34823 5675 57 of of IN 34823 5675 58 being be VBG 34823 5675 59 a a DT 34823 5675 60 dangerous dangerous JJ 34823 5675 61 and and CC 34823 5675 62 vindictive vindictive JJ 34823 5675 63 man man NN 34823 5675 64 , , , 34823 5675 65 may may MD 34823 5675 66 be be VB 34823 5675 67 equally equally RB 34823 5675 68 " " `` 34823 5675 69 factors factor NNS 34823 5675 70 of of IN 34823 5675 71 production production NN 34823 5675 72 " " '' 34823 5675 73 with with IN 34823 5675 74 land land NN 34823 5675 75 , , , 34823 5675 76 labor labor NN 34823 5675 77 , , , 34823 5675 78 and and CC 34823 5675 79 produced produce VBD 34823 5675 80 instruments instrument NNS 34823 5675 81 of of IN 34823 5675 82 production production NN 34823 5675 83 . . . 34823 5676 1 In in IN 34823 5676 2 Part Part NNP 34823 5676 3 IV IV NNP 34823 5676 4 of of IN 34823 5676 5 this this DT 34823 5676 6 book book NN 34823 5676 7 , , , 34823 5676 8 " " `` 34823 5676 9 The the DT 34823 5676 10 Reconciliation Reconciliation NNP 34823 5676 11 of of IN 34823 5676 12 Statics Statics NNP 34823 5676 13 and and CC 34823 5676 14 Dynamics Dynamics NNPS 34823 5676 15 , , , 34823 5676 16 " " `` 34823 5676 17 we -PRON- PRP 34823 5676 18 have have VBP 34823 5676 19 discussed discuss VBN 34823 5676 20 the the DT 34823 5676 21 " " `` 34823 5676 22 intangible intangible JJ 34823 5676 23 capital capital NN 34823 5676 24 items item NNS 34823 5676 25 " " '' 34823 5676 26 of of IN 34823 5676 27 this this DT 34823 5676 28 class class NN 34823 5676 29 , , , 34823 5676 30 and and CC 34823 5676 31 have have VBP 34823 5676 32 indicated indicate VBN 34823 5676 33 that that IN 34823 5676 34 many many JJ 34823 5676 35 of of IN 34823 5676 36 them -PRON- PRP 34823 5676 37 perform perform VBP 34823 5676 38 really really RB 34823 5676 39 important important JJ 34823 5676 40 and and CC 34823 5676 41 necessary necessary JJ 34823 5676 42 social social JJ 34823 5676 43 functions function NNS 34823 5676 44 . . . 34823 5677 1 Others other NNS 34823 5677 2 are be VBP 34823 5677 3 doubtless doubtless RB 34823 5677 4 pernicious pernicious JJ 34823 5677 5 . . . 34823 5678 1 Production production NN 34823 5678 2 involves involve VBZ 34823 5678 3 leadership leadership NN 34823 5678 4 , , , 34823 5678 5 organization organization NN 34823 5678 6 , , , 34823 5678 7 the the DT 34823 5678 8 making making NN 34823 5678 9 and and CC 34823 5678 10 maintaining maintaining NN 34823 5678 11 of of IN 34823 5678 12 " " `` 34823 5678 13 interstitial interstitial JJ 34823 5678 14 connections connection NNS 34823 5678 15 , , , 34823 5678 16 " " `` 34823 5678 17 as as RB 34823 5678 18 well well RB 34823 5678 19 as as IN 34823 5678 20 the the DT 34823 5678 21 technology technology NN 34823 5678 22 of of IN 34823 5678 23 muscle muscle NN 34823 5678 24 and and CC 34823 5678 25 machine machine NN 34823 5678 26 . . . 34823 5679 1 But but CC 34823 5679 2 credit credit NN 34823 5679 3 is be VBZ 34823 5679 4 based base VBN 34823 5679 5 on on IN 34823 5679 6 values value NNS 34823 5679 7 , , , 34823 5679 8 rather rather RB 34823 5679 9 than than IN 34823 5679 10 on on IN 34823 5679 11 concrete concrete JJ 34823 5679 12 goods good NNS 34823 5679 13 as as IN 34823 5679 14 such such JJ 34823 5679 15 , , , 34823 5679 16 and and CC 34823 5679 17 if if IN 34823 5679 18 these these DT 34823 5679 19 " " `` 34823 5679 20 intangibles intangible NNS 34823 5679 21 " " '' 34823 5679 22 have have VBP 34823 5679 23 value value NN 34823 5679 24 , , , 34823 5679 25 they -PRON- PRP 34823 5679 26 may may MD 34823 5679 27 have have VB 34823 5679 28 credits credit NNS 34823 5679 29 based base VBN 34823 5679 30 upon upon IN 34823 5679 31 them -PRON- PRP 34823 5679 32 . . . 34823 5680 1 [ [ -LRB- 34823 5680 2 512 512 CD 34823 5680 3 ] ] -RRB- 34823 5680 4 That that IN 34823 5680 5 some some DT 34823 5680 6 of of IN 34823 5680 7 these these DT 34823 5680 8 values value NNS 34823 5680 9 exist exist VBP 34823 5680 10 only only RB 34823 5680 11 by by IN 34823 5680 12 virtue virtue NN 34823 5680 13 of of IN 34823 5680 14 the the DT 34823 5680 15 fact fact NN 34823 5680 16 that that IN 34823 5680 17 credit credit NN 34823 5680 18 is be VBZ 34823 5680 19 granted grant VBN 34823 5680 20 is be VBZ 34823 5680 21 no no DT 34823 5680 22 marked marked JJ 34823 5680 23 peculiarity peculiarity NN 34823 5680 24 . . . 34823 5681 1 The the DT 34823 5681 2 granting granting NN 34823 5681 3 of of IN 34823 5681 4 credit credit NN 34823 5681 5 is be VBZ 34823 5681 6 an an DT 34823 5681 7 exchange exchange NN 34823 5681 8 of of IN 34823 5681 9 the the DT 34823 5681 10 rights right NNS 34823 5681 11 of of IN 34823 5681 12 the the DT 34823 5681 13 creditor creditor NN 34823 5681 14 for for IN 34823 5681 15 rights right NNS 34823 5681 16 to to IN 34823 5681 17 the the DT 34823 5681 18 future future JJ 34823 5681 19 income income NN 34823 5681 20 of of IN 34823 5681 21 the the DT 34823 5681 22 borrower borrower NN 34823 5681 23 . . . 34823 5682 1 If if IN 34823 5682 2 the the DT 34823 5682 3 exchange exchange NN 34823 5682 4 were be VBD 34823 5682 5 not not RB 34823 5682 6 made make VBN 34823 5682 7 , , , 34823 5682 8 in in IN 34823 5682 9 certain certain JJ 34823 5682 10 cases case NNS 34823 5682 11 , , , 34823 5682 12 the the DT 34823 5682 13 borrower borrower NN 34823 5682 14 would would MD 34823 5682 15 have have VB 34823 5682 16 no no DT 34823 5682 17 future future JJ 34823 5682 18 income income NN 34823 5682 19 to to TO 34823 5682 20 which which WDT 34823 5682 21 he -PRON- PRP 34823 5682 22 could could MD 34823 5682 23 give give VB 34823 5682 24 rights right NNS 34823 5682 25 . . . 34823 5683 1 The the DT 34823 5683 2 entrepreneur entrepreneur NN 34823 5683 3 with with IN 34823 5683 4 a a DT 34823 5683 5 big big JJ 34823 5683 6 idea idea NN 34823 5683 7 can can MD 34823 5683 8 not not RB 34823 5683 9 actualize actualize VB 34823 5683 10 that that DT 34823 5683 11 big big JJ 34823 5683 12 idea idea NN 34823 5683 13 unless unless IN 34823 5683 14 he -PRON- PRP 34823 5683 15 can can MD 34823 5683 16 bring bring VB 34823 5683 17 it -PRON- PRP 34823 5683 18 into into IN 34823 5683 19 conjunction conjunction NN 34823 5683 20 with with IN 34823 5683 21 land land NN 34823 5683 22 , , , 34823 5683 23 labor labor NN 34823 5683 24 , , , 34823 5683 25 capital capital NN 34823 5683 26 , , , 34823 5683 27 and and CC 34823 5683 28 a a DT 34823 5683 29 market market NN 34823 5683 30 for for IN 34823 5683 31 the the DT 34823 5683 32 products product NNS 34823 5683 33 . . . 34823 5684 1 The the DT 34823 5684 2 exchange exchange NN 34823 5684 3 of of IN 34823 5684 4 rights right NNS 34823 5684 5 to to IN 34823 5684 6 the the DT 34823 5684 7 value value NN 34823 5684 8 of of IN 34823 5684 9 the the DT 34823 5684 10 products product NNS 34823 5684 11 for for IN 34823 5684 12 the the DT 34823 5684 13 banker banker NN 34823 5684 14 's 's POS 34823 5684 15 deposit deposit NN 34823 5684 16 - - HYPH 34823 5684 17 currency currency NN 34823 5684 18 , , , 34823 5684 19 or or CC 34823 5684 20 the the DT 34823 5684 21 private private JJ 34823 5684 22 lender lender NN 34823 5684 23 's 's POS 34823 5684 24 money money NN 34823 5684 25 is be VBZ 34823 5684 26 merely merely RB 34823 5684 27 one one CD 34823 5684 28 of of IN 34823 5684 29 many many JJ 34823 5684 30 necessary necessary JJ 34823 5684 31 exchanges exchange NNS 34823 5684 32 required require VBN 34823 5684 33 to to TO 34823 5684 34 bring bring VB 34823 5684 35 about about RP 34823 5684 36 the the DT 34823 5684 37 combination combination NN 34823 5684 38 which which WDT 34823 5684 39 will will MD 34823 5684 40 create create VB 34823 5684 41 the the DT 34823 5684 42 products product NNS 34823 5684 43 . . . 34823 5685 1 If if IN 34823 5685 2 there there EX 34823 5685 3 were be VBD 34823 5685 4 no no DT 34823 5685 5 possibility possibility NN 34823 5685 6 of of IN 34823 5685 7 marketing market VBG 34823 5685 8 the the DT 34823 5685 9 products product NNS 34823 5685 10 , , , 34823 5685 11 he -PRON- PRP 34823 5685 12 would would MD 34823 5685 13 be be VB 34823 5685 14 equally equally RB 34823 5685 15 helpless helpless JJ 34823 5685 16 , , , 34823 5685 17 and and CC 34823 5685 18 his -PRON- PRP$ 34823 5685 19 idea idea NN 34823 5685 20 be be VB 34823 5685 21 equally equally RB 34823 5685 22 valueless valueless JJ 34823 5685 23 . . . 34823 5686 1 The the DT 34823 5686 2 general general JJ 34823 5686 3 range range NN 34823 5686 4 of of IN 34823 5686 5 values value NNS 34823 5686 6 , , , 34823 5686 7 under under IN 34823 5686 8 our -PRON- PRP$ 34823 5686 9 present present JJ 34823 5686 10 system system NN 34823 5686 11 of of IN 34823 5686 12 division division NN 34823 5686 13 of of IN 34823 5686 14 labor labor NN 34823 5686 15 , , , 34823 5686 16 private private JJ 34823 5686 17 property property NN 34823 5686 18 , , , 34823 5686 19 private private JJ 34823 5686 20 enterprise enterprise NN 34823 5686 21 , , , 34823 5686 22 etc etc FW 34823 5686 23 . . . 34823 5686 24 , , , 34823 5686 25 depend depend VBP 34823 5686 26 on on IN 34823 5686 27 the the DT 34823 5686 28 possibility possibility NN 34823 5686 29 of of IN 34823 5686 30 exchange exchange NN 34823 5686 31 . . . 34823 5687 1 Men man NNS 34823 5687 2 produce produce VBP 34823 5687 3 for for IN 34823 5687 4 the the DT 34823 5687 5 market market NN 34823 5687 6 , , , 34823 5687 7 rather rather RB 34823 5687 8 than than IN 34823 5687 9 for for IN 34823 5687 10 their -PRON- PRP$ 34823 5687 11 own own JJ 34823 5687 12 consumption consumption NN 34823 5687 13 , , , 34823 5687 14 or or CC 34823 5687 15 for for IN 34823 5687 16 the the DT 34823 5687 17 consumption consumption NN 34823 5687 18 of of IN 34823 5687 19 a a DT 34823 5687 20 communist communist JJ 34823 5687 21 society society NN 34823 5687 22 . . . 34823 5688 1 Without without IN 34823 5688 2 exchange exchange NN 34823 5688 3 , , , 34823 5688 4 many many JJ 34823 5688 5 values value NNS 34823 5688 6 would would MD 34823 5688 7 persist persist VB 34823 5688 8 , , , 34823 5688 9 but but CC 34823 5688 10 most most JJS 34823 5688 11 values value NNS 34823 5688 12 would would MD 34823 5688 13 at at IN 34823 5688 14 least least JJS 34823 5688 15 be be VB 34823 5688 16 diminished diminish VBN 34823 5688 17 . . . 34823 5689 1 Exchange exchange NN 34823 5689 2 is be VBZ 34823 5689 3 part part NN 34823 5689 4 of of IN 34823 5689 5 the the DT 34823 5689 6 productive productive JJ 34823 5689 7 process process NN 34823 5689 8 . . . 34823 5690 1 The the DT 34823 5690 2 only only JJ 34823 5690 3 peculiarity peculiarity NN 34823 5690 4 in in IN 34823 5690 5 the the DT 34823 5690 6 case case NN 34823 5690 7 under under IN 34823 5690 8 discussion discussion NN 34823 5690 9 is be VBZ 34823 5690 10 that that IN 34823 5690 11 the the DT 34823 5690 12 man man NN 34823 5690 13 getting get VBG 34823 5690 14 credit credit NN 34823 5690 15 for for IN 34823 5690 16 the the DT 34823 5690 17 exploitation exploitation NN 34823 5690 18 of of IN 34823 5690 19 a a DT 34823 5690 20 big big JJ 34823 5690 21 new new JJ 34823 5690 22 idea idea NN 34823 5690 23 commonly commonly RB 34823 5690 24 has have VBZ 34823 5690 25 a a DT 34823 5690 26 very very RB 34823 5690 27 limited limited JJ 34823 5690 28 market market NN 34823 5690 29 -- -- : 34823 5690 30 is be VBZ 34823 5690 31 dependent dependent JJ 34823 5690 32 on on IN 34823 5690 33 the the DT 34823 5690 34 decision decision NN 34823 5690 35 of of IN 34823 5690 36 one one CD 34823 5690 37 bank bank NN 34823 5690 38 or or CC 34823 5690 39 lender lender NN 34823 5690 40 , , , 34823 5690 41 or or CC 34823 5690 42 at at IN 34823 5690 43 most most JJS 34823 5690 44 of of IN 34823 5690 45 one one CD 34823 5690 46 out out IN 34823 5690 47 of of IN 34823 5690 48 a a DT 34823 5690 49 few few JJ 34823 5690 50 possibilities possibility NNS 34823 5690 51 . . . 34823 5691 1 The the DT 34823 5691 2 narrower narrow JJR 34823 5691 3 the the DT 34823 5691 4 market market NN 34823 5691 5 , , , 34823 5691 6 the the DT 34823 5691 7 more more RBR 34823 5691 8 dependent dependent JJ 34823 5691 9 are be VBP 34823 5691 10 the the DT 34823 5691 11 values value NNS 34823 5691 12 of of IN 34823 5691 13 things thing NNS 34823 5691 14 that that WDT 34823 5691 15 must must MD 34823 5691 16 be be VB 34823 5691 17 exchanged exchange VBN 34823 5691 18 upon upon IN 34823 5691 19 the the DT 34823 5691 20 decisions decision NNS 34823 5691 21 of of IN 34823 5691 22 a a DT 34823 5691 23 few few JJ 34823 5691 24 men man NNS 34823 5691 25 . . . 34823 5692 1 Wheat wheat NN 34823 5692 2 is be VBZ 34823 5692 3 free free JJ 34823 5692 4 , , , 34823 5692 5 virtually virtually RB 34823 5692 6 , , , 34823 5692 7 from from IN 34823 5692 8 individual individual JJ 34823 5692 9 caprices caprice NNS 34823 5692 10 , , , 34823 5692 11 though though IN 34823 5692 12 even even RB 34823 5692 13 there there EX 34823 5692 14 a a DT 34823 5692 15 big big JJ 34823 5692 16 operator operator NN 34823 5692 17 may may MD 34823 5692 18 organize organize VB 34823 5692 19 a a DT 34823 5692 20 pool pool NN 34823 5692 21 and and CC 34823 5692 22 temporarily temporarily RB 34823 5692 23 affect affect VB 34823 5692 24 the the DT 34823 5692 25 value value NN 34823 5692 26 very very RB 34823 5692 27 greatly greatly RB 34823 5692 28 . . . 34823 5693 1 But but CC 34823 5693 2 the the DT 34823 5693 3 immediate immediate JJ 34823 5693 4 power power NN 34823 5693 5 of of IN 34823 5693 6 a a DT 34823 5693 7 few few JJ 34823 5693 8 men man NNS 34823 5693 9 on on IN 34823 5693 10 values value NNS 34823 5693 11 is be VBZ 34823 5693 12 increasingly increasingly RB 34823 5693 13 great great JJ 34823 5693 14 as as IN 34823 5693 15 we -PRON- PRP 34823 5693 16 get get VBP 34823 5693 17 closer close JJR 34823 5693 18 to to IN 34823 5693 19 those those DT 34823 5693 20 things thing NNS 34823 5693 21 which which WDT 34823 5693 22 are be VBP 34823 5693 23 unique unique JJ 34823 5693 24 , , , 34823 5693 25 which which WDT 34823 5693 26 are be VBP 34823 5693 27 capable capable JJ 34823 5693 28 of of IN 34823 5693 29 only only RB 34823 5693 30 specialized specialized JJ 34823 5693 31 employment employment NN 34823 5693 32 , , , 34823 5693 33 and and CC 34823 5693 34 which which WDT 34823 5693 35 call call VBP 34823 5693 36 for for IN 34823 5693 37 the the DT 34823 5693 38 coöperation coöperation NN 34823 5693 39 of of IN 34823 5693 40 elaborate elaborate JJ 34823 5693 41 and and CC 34823 5693 42 expensive expensive JJ 34823 5693 43 systems system NNS 34823 5693 44 . . . 34823 5694 1 And and CC 34823 5694 2 , , , 34823 5694 3 of of IN 34823 5694 4 course course NN 34823 5694 5 , , , 34823 5694 6 the the DT 34823 5694 7 influence influence NN 34823 5694 8 of of IN 34823 5694 9 individual individual JJ 34823 5694 10 caprice caprice NN 34823 5694 11 , , , 34823 5694 12 or or CC 34823 5694 13 individual individual JJ 34823 5694 14 decisions decision NNS 34823 5694 15 , , , 34823 5694 16 on on IN 34823 5694 17 all all DT 34823 5694 18 values value NNS 34823 5694 19 grows grow VBZ 34823 5694 20 greater great JJR 34823 5694 21 as as IN 34823 5694 22 wealth wealth NN 34823 5694 23 and and CC 34823 5694 24 power power NN 34823 5694 25 are be VBP 34823 5694 26 concentrated concentrate VBN 34823 5694 27 . . . 34823 5695 1 Economic economic JJ 34823 5695 2 social social JJ 34823 5695 3 value value NN 34823 5695 4 is be VBZ 34823 5695 5 an an DT 34823 5695 6 institutional institutional JJ 34823 5695 7 value value NN 34823 5695 8 , , , 34823 5695 9 specially specially RB 34823 5695 10 weighted weight VBD 34823 5695 11 and and CC 34823 5695 12 controlled control VBN 34823 5695 13 by by IN 34823 5695 14 individuals individual NNS 34823 5695 15 , , , 34823 5695 16 classes class NNS 34823 5695 17 and and CC 34823 5695 18 institutions institution NNS 34823 5695 19 . . . 34823 5696 1 [ [ -LRB- 34823 5696 2 513 513 CD 34823 5696 3 ] ] -RRB- 34823 5696 4 Joseph Joseph NNP 34823 5696 5 Schumpeter Schumpeter NNP 34823 5696 6 , , , 34823 5696 7 in in IN 34823 5696 8 his -PRON- PRP$ 34823 5696 9 _ _ NNP 34823 5696 10 Theorie Theorie NNP 34823 5696 11 der der NN 34823 5696 12 wirtschaftlichen wirtschaftlichen NNP 34823 5696 13 Entwicklung Entwicklung NNP 34823 5696 14 _ _ NNP 34823 5696 15 , , , 34823 5696 16 has have VBZ 34823 5696 17 made make VBN 34823 5696 18 much much JJ 34823 5696 19 of of IN 34823 5696 20 the the DT 34823 5696 21 rôle rôle NN 34823 5696 22 of of IN 34823 5696 23 the the DT 34823 5696 24 banker banker NN 34823 5696 25 in in IN 34823 5696 26 economic economic JJ 34823 5696 27 evolution evolution NN 34823 5696 28 . . . 34823 5697 1 He -PRON- PRP 34823 5697 2 sees see VBZ 34823 5697 3 in in IN 34823 5697 4 the the DT 34823 5697 5 banker banker NN 34823 5697 6 a a DT 34823 5697 7 creator creator NN 34823 5697 8 of of IN 34823 5697 9 " " `` 34823 5697 10 _ _ NNP 34823 5697 11 Kaufkraft Kaufkraft NNP 34823 5697 12 _ _ NNP 34823 5697 13 , , , 34823 5697 14 " " '' 34823 5697 15 by by IN 34823 5697 16 means mean NNS 34823 5697 17 of of IN 34823 5697 18 which which WDT 34823 5697 19 an an DT 34823 5697 20 entrepreneur entrepreneur NN 34823 5697 21 , , , 34823 5697 22 a a DT 34823 5697 23 dynamic dynamic JJ 34823 5697 24 man man NN 34823 5697 25 who who WP 34823 5697 26 has have VBZ 34823 5697 27 a a DT 34823 5697 28 new new JJ 34823 5697 29 idea idea NN 34823 5697 30 which which WDT 34823 5697 31 he -PRON- PRP 34823 5697 32 wishes wish VBZ 34823 5697 33 to to TO 34823 5697 34 actualize actualize VB 34823 5697 35 , , , 34823 5697 36 is be VBZ 34823 5697 37 able able JJ 34823 5697 38 to to TO 34823 5697 39 wrest wrest VB 34823 5697 40 from from IN 34823 5697 41 the the DT 34823 5697 42 unwilling unwilling JJ 34823 5697 43 " " `` 34823 5697 44 static static JJ 34823 5697 45 economic economic JJ 34823 5697 46 subjects subject NNS 34823 5697 47 " " '' 34823 5697 48 their -PRON- PRP$ 34823 5697 49 land land NN 34823 5697 50 , , , 34823 5697 51 labor labor NN 34823 5697 52 and and CC 34823 5697 53 instrumental instrumental JJ 34823 5697 54 goods good NNS 34823 5697 55 for for IN 34823 5697 56 the the DT 34823 5697 57 purpose purpose NN 34823 5697 58 of of IN 34823 5697 59 putting put VBG 34823 5697 60 his -PRON- PRP$ 34823 5697 61 new new JJ 34823 5697 62 plan plan NN 34823 5697 63 through through RB 34823 5697 64 . . . 34823 5698 1 This this DT 34823 5698 2 new new JJ 34823 5698 3 _ _ NNP 34823 5698 4 Kaufkraft Kaufkraft NNP 34823 5698 5 _ _ NNP 34823 5698 6 is be VBZ 34823 5698 7 the the DT 34823 5698 8 true true JJ 34823 5698 9 _ _ NNP 34823 5698 10 Kapital Kapital NNP 34823 5698 11 _ _ NNP 34823 5698 12 which which WDT 34823 5698 13 the the DT 34823 5698 14 new new JJ 34823 5698 15 enterprise enterprise NN 34823 5698 16 requires require VBZ 34823 5698 17 . . . 34823 5699 1 Capital capital NN 34823 5699 2 , , , 34823 5699 3 thus thus RB 34823 5699 4 defined define VBN 34823 5699 5 , , , 34823 5699 6 is be VBZ 34823 5699 7 not not RB 34823 5699 8 an an DT 34823 5699 9 accumulation accumulation NN 34823 5699 10 of of IN 34823 5699 11 goods good NNS 34823 5699 12 , , , 34823 5699 13 is be VBZ 34823 5699 14 not not RB 34823 5699 15 embodied embody VBN 34823 5699 16 in in IN 34823 5699 17 goods good NNS 34823 5699 18 . . . 34823 5700 1 It -PRON- PRP 34823 5700 2 is be VBZ 34823 5700 3 an an DT 34823 5700 4 _ _ NNP 34823 5700 5 agent agent NN 34823 5700 6 _ _ NNP 34823 5700 7 , , , 34823 5700 8 a a DT 34823 5700 9 _ _ NNP 34823 5700 10 power power NN 34823 5700 11 _ _ NNP 34823 5700 12 , , , 34823 5700 13 which which WDT 34823 5700 14 the the DT 34823 5700 15 banker banker NN 34823 5700 16 creates create VBZ 34823 5700 17 . . . 34823 5701 1 It -PRON- PRP 34823 5701 2 makes make VBZ 34823 5701 3 dynamic dynamic JJ 34823 5701 4 change change NN 34823 5701 5 possible possible JJ 34823 5701 6 . . . 34823 5702 1 Schumpeter schumpeter NN 34823 5702 2 is be VBZ 34823 5702 3 particularly particularly RB 34823 5702 4 anxious anxious JJ 34823 5702 5 , , , 34823 5702 6 in in IN 34823 5702 7 clearing clear VBG 34823 5702 8 the the DT 34823 5702 9 way way NN 34823 5702 10 for for IN 34823 5702 11 his -PRON- PRP$ 34823 5702 12 new new JJ 34823 5702 13 theory theory NN 34823 5702 14 of of IN 34823 5702 15 interest interest NN 34823 5702 16 , , , 34823 5702 17 to to TO 34823 5702 18 get get VB 34823 5702 19 rid rid VBN 34823 5702 20 of of IN 34823 5702 21 all all PDT 34823 5702 22 the the DT 34823 5702 23 notions notion NNS 34823 5702 24 of of IN 34823 5702 25 saving saving NN 34823 5702 26 , , , 34823 5702 27 accumulations accumulation NNS 34823 5702 28 of of IN 34823 5702 29 stocks stock NNS 34823 5702 30 of of IN 34823 5702 31 goods good NNS 34823 5702 32 , , , 34823 5702 33 etc etc FW 34823 5702 34 . . FW 34823 5702 35 , , , 34823 5702 36 which which WDT 34823 5702 37 have have VBP 34823 5702 38 commonly commonly RB 34823 5702 39 been be VBN 34823 5702 40 made make VBN 34823 5702 41 prominent prominent JJ 34823 5702 42 in in IN 34823 5702 43 the the DT 34823 5702 44 discussion discussion NN 34823 5702 45 of of IN 34823 5702 46 capital capital NN 34823 5702 47 and and CC 34823 5702 48 interest interest NN 34823 5702 49 . . . 34823 5703 1 We -PRON- PRP 34823 5703 2 need need VBP 34823 5703 3 not not RB 34823 5703 4 here here RB 34823 5703 5 discuss discuss VB 34823 5703 6 his -PRON- PRP$ 34823 5703 7 theory theory NN 34823 5703 8 of of IN 34823 5703 9 interest interest NN 34823 5703 10 . . . 34823 5704 1 [ [ -LRB- 34823 5704 2 514 514 LS 34823 5704 3 ] ] -RRB- 34823 5704 4 He -PRON- PRP 34823 5704 5 maintains maintain VBZ 34823 5704 6 that that IN 34823 5704 7 the the DT 34823 5704 8 new new JJ 34823 5704 9 dynamic dynamic JJ 34823 5704 10 credit credit NN 34823 5704 11 , , , 34823 5704 12 credit credit NN 34823 5704 13 granted grant VBN 34823 5704 14 by by IN 34823 5704 15 a a DT 34823 5704 16 banker banker NN 34823 5704 17 for for IN 34823 5704 18 a a DT 34823 5704 19 really really RB 34823 5704 20 new new JJ 34823 5704 21 enterprise enterprise NN 34823 5704 22 , , , 34823 5704 23 as as RB 34823 5704 24 yet yet RB 34823 5704 25 not not RB 34823 5704 26 concretely concretely JJ 34823 5704 27 in in IN 34823 5704 28 existence existence NN 34823 5704 29 , , , 34823 5704 30 represents represent VBZ 34823 5704 31 something something NN 34823 5704 32 new new JJ 34823 5704 33 in in IN 34823 5704 34 the the DT 34823 5704 35 world world NN 34823 5704 36 , , , 34823 5704 37 anomolous anomolous JJ 34823 5704 38 from from IN 34823 5704 39 the the DT 34823 5704 40 angle angle NN 34823 5704 41 of of IN 34823 5704 42 static static JJ 34823 5704 43 values value NNS 34823 5704 44 , , , 34823 5704 45 and and CC 34823 5704 46 static static JJ 34823 5704 47 credit credit NN 34823 5704 48 . . . 34823 5705 1 Indeed indeed RB 34823 5705 2 , , , 34823 5705 3 he -PRON- PRP 34823 5705 4 regards regard VBZ 34823 5705 5 credit credit NN 34823 5705 6 as as IN 34823 5705 7 unessential unessential JJ 34823 5705 8 for for IN 34823 5705 9 the the DT 34823 5705 10 static static JJ 34823 5705 11 analysis analysis NN 34823 5705 12 , , , 34823 5705 13 and and CC 34823 5705 14 banishes banish VBZ 34823 5705 15 it -PRON- PRP 34823 5705 16 from from IN 34823 5705 17 the the DT 34823 5705 18 " " `` 34823 5705 19 _ _ NNP 34823 5705 20 Wesen Wesen NNP 34823 5705 21 _ _ NNP 34823 5705 22 " " '' 34823 5705 23 of of IN 34823 5705 24 his -PRON- PRP$ 34823 5705 25 static static JJ 34823 5705 26 state state NN 34823 5705 27 . . . 34823 5706 1 But but CC 34823 5706 2 this this DT 34823 5706 3 new new JJ 34823 5706 4 credit credit NN 34823 5706 5 is be VBZ 34823 5706 6 different different JJ 34823 5706 7 from from IN 34823 5706 8 such such JJ 34823 5706 9 credit credit NN 34823 5706 10 as as IN 34823 5706 11 there there EX 34823 5706 12 may may MD 34823 5706 13 be be VB 34823 5706 14 in in IN 34823 5706 15 the the DT 34823 5706 16 static static JJ 34823 5706 17 state state NN 34823 5706 18 , , , 34823 5706 19 because because IN 34823 5706 20 , , , 34823 5706 21 he -PRON- PRP 34823 5706 22 holds hold VBZ 34823 5706 23 , , , 34823 5706 24 the the DT 34823 5706 25 new new JJ 34823 5706 26 credit credit NN 34823 5706 27 does do VBZ 34823 5706 28 not not RB 34823 5706 29 rest rest VB 34823 5706 30 on on IN 34823 5706 31 goods good NNS 34823 5706 32 , , , 34823 5706 33 and and CC 34823 5706 34 has have VBZ 34823 5706 35 no no DT 34823 5706 36 _ _ NNP 34823 5706 37 Deckung Deckung NNP 34823 5706 38 _ _ NNP 34823 5706 39 . . . 34823 5707 1 Schumpeter schumpeter VB 34823 5707 2 himself -PRON- PRP 34823 5707 3 calls call VBZ 34823 5707 4 these these DT 34823 5707 5 doctrines doctrine NNS 34823 5707 6 " " `` 34823 5707 7 heresies heresy NNS 34823 5707 8 . . . 34823 5707 9 " " '' 34823 5708 1 They -PRON- PRP 34823 5708 2 become become VBP 34823 5708 3 less less RBR 34823 5708 4 dangerous dangerous JJ 34823 5708 5 , , , 34823 5708 6 however however RB 34823 5708 7 , , , 34823 5708 8 when when WRB 34823 5708 9 we -PRON- PRP 34823 5708 10 learn learn VBP 34823 5708 11 that that IN 34823 5708 12 by by IN 34823 5708 13 " " `` 34823 5708 14 saving save VBG 34823 5708 15 " " '' 34823 5708 16 Schumpeter Schumpeter NNP 34823 5708 17 means mean VBZ 34823 5708 18 mere mere JJ 34823 5708 19 trenching trenching NN 34823 5708 20 upon upon IN 34823 5708 21 accustomed accustomed JJ 34823 5708 22 expenditure expenditure NN 34823 5708 23 , , , 34823 5708 24 so so IN 34823 5708 25 that that IN 34823 5708 26 the the DT 34823 5708 27 entrepreneur entrepreneur NN 34823 5708 28 who who WP 34823 5708 29 saves save VBZ 34823 5708 30 part part NN 34823 5708 31 of of IN 34823 5708 32 unusual unusual JJ 34823 5708 33 profits profit NNS 34823 5708 34 is be VBZ 34823 5708 35 really really RB 34823 5708 36 not not RB 34823 5708 37 saving save VBG 34823 5708 38 at at RB 34823 5708 39 all all RB 34823 5708 40 , , , 34823 5708 41 and and CC 34823 5708 42 when when WRB 34823 5708 43 one one CD 34823 5708 44 discovers discover VBZ 34823 5708 45 that that IN 34823 5708 46 his -PRON- PRP$ 34823 5708 47 contention contention NN 34823 5708 48 that that IN 34823 5708 49 there there EX 34823 5708 50 need need VBP 34823 5708 51 be be VB 34823 5708 52 no no DT 34823 5708 53 accumulation accumulation NN 34823 5708 54 of of IN 34823 5708 55 goods good NNS 34823 5708 56 prior prior RB 34823 5708 57 to to IN 34823 5708 58 the the DT 34823 5708 59 starting starting NN 34823 5708 60 of of IN 34823 5708 61 a a DT 34823 5708 62 new new JJ 34823 5708 63 enterprise enterprise NN 34823 5708 64 means mean VBZ 34823 5708 65 merely merely RB 34823 5708 66 that that IN 34823 5708 67 there there EX 34823 5708 68 need need VBP 34823 5708 69 be be VB 34823 5708 70 no no DT 34823 5708 71 special special JJ 34823 5708 72 accumulation accumulation NN 34823 5708 73 of of IN 34823 5708 74 goods good NNS 34823 5708 75 _ _ NNP 34823 5708 76 ad ad NN 34823 5708 77 hoc hoc FW 34823 5708 78 _ _ NNP 34823 5708 79 . . . 34823 5709 1 Of of RB 34823 5709 2 course course RB 34823 5709 3 if if IN 34823 5709 4 saving saving NN 34823 5709 5 means mean VBZ 34823 5709 6 trenching trench VBG 34823 5709 7 upon upon IN 34823 5709 8 accustomed accustomed JJ 34823 5709 9 expenditure expenditure NN 34823 5709 10 , , , 34823 5709 11 it -PRON- PRP 34823 5709 12 is be VBZ 34823 5709 13 banished banish VBN 34823 5709 14 by by IN 34823 5709 15 hypothesis hypothesis NN 34823 5709 16 from from IN 34823 5709 17 the the DT 34823 5709 18 static static JJ 34823 5709 19 state state NN 34823 5709 20 , , , 34823 5709 21 but but CC 34823 5709 22 there there EX 34823 5709 23 may may MD 34823 5709 24 still still RB 34823 5709 25 be be VB 34823 5709 26 plenty plenty NN 34823 5709 27 of of IN 34823 5709 28 capital capital NN 34823 5709 29 ( ( -LRB- 34823 5709 30 in in IN 34823 5709 31 the the DT 34823 5709 32 ordinary ordinary JJ 34823 5709 33 sense sense NN 34823 5709 34 of of IN 34823 5709 35 accumulated accumulate VBN 34823 5709 36 produced produce VBN 34823 5709 37 means mean NNS 34823 5709 38 of of IN 34823 5709 39 production production NN 34823 5709 40 ) ) -RRB- 34823 5709 41 for for IN 34823 5709 42 Schumpeter Schumpeter NNP 34823 5709 43 's 's POS 34823 5709 44 entrepreneur entrepreneur NN 34823 5709 45 to to TO 34823 5709 46 get get VB 34823 5709 47 hold hold NN 34823 5709 48 of of IN 34823 5709 49 by by IN 34823 5709 50 means mean NNS 34823 5709 51 of of IN 34823 5709 52 his -PRON- PRP$ 34823 5709 53 new new JJ 34823 5709 54 _ _ NNP 34823 5709 55 Kapital Kapital NNP 34823 5709 56 _ _ NNP 34823 5709 57 . . . 34823 5710 1 His -PRON- PRP$ 34823 5710 2 contentions contention NNS 34823 5710 3 that that IN 34823 5710 4 the the DT 34823 5710 5 new new JJ 34823 5710 6 credit credit NN 34823 5710 7 does do VBZ 34823 5710 8 not not RB 34823 5710 9 rest rest VB 34823 5710 10 on on IN 34823 5710 11 goods good NNS 34823 5710 12 , , , 34823 5710 13 that that IN 34823 5710 14 it -PRON- PRP 34823 5710 15 has have VBZ 34823 5710 16 no no DT 34823 5710 17 _ _ NNP 34823 5710 18 Deckung Deckung NNP 34823 5710 19 _ _ NNP 34823 5710 20 , , , 34823 5710 21 and and CC 34823 5710 22 that that IN 34823 5710 23 we -PRON- PRP 34823 5710 24 have have VBP 34823 5710 25 a a DT 34823 5710 26 new new JJ 34823 5710 27 thing thing NN 34823 5710 28 in in IN 34823 5710 29 the the DT 34823 5710 30 world world NN 34823 5710 31 since since IN 34823 5710 32 in in IN 34823 5710 33 dynamic dynamic JJ 34823 5710 34 credit credit NN 34823 5710 35 we -PRON- PRP 34823 5710 36 have have VBP 34823 5710 37 a a DT 34823 5710 38 case case NN 34823 5710 39 of of IN 34823 5710 40 temporal temporal JJ 34823 5710 41 discrepancy discrepancy NN 34823 5710 42 between between IN 34823 5710 43 the the DT 34823 5710 44 making making NN 34823 5710 45 of of IN 34823 5710 46 obligations obligation NNS 34823 5710 47 and and CC 34823 5710 48 the the DT 34823 5710 49 ability ability NN 34823 5710 50 to to TO 34823 5710 51 pay pay VB 34823 5710 52 them -PRON- PRP 34823 5710 53 , , , 34823 5710 54 calls call VBZ 34823 5710 55 for for IN 34823 5710 56 further further JJ 34823 5710 57 analysis analysis NN 34823 5710 58 . . . 34823 5711 1 It -PRON- PRP 34823 5711 2 is be VBZ 34823 5711 3 true true JJ 34823 5711 4 that that IN 34823 5711 5 there there EX 34823 5711 6 is be VBZ 34823 5711 7 a a DT 34823 5711 8 time time NN 34823 5711 9 during during IN 34823 5711 10 which which WDT 34823 5711 11 the the DT 34823 5711 12 new new JJ 34823 5711 13 credit credit NN 34823 5711 14 has have VBZ 34823 5711 15 no no DT 34823 5711 16 basis basis NN 34823 5711 17 in in IN 34823 5711 18 concrete concrete JJ 34823 5711 19 goods good NNS 34823 5711 20 . . . 34823 5712 1 Very very RB 34823 5712 2 speedily speedily RB 34823 5712 3 , , , 34823 5712 4 however however RB 34823 5712 5 , , , 34823 5712 6 the the DT 34823 5712 7 new new JJ 34823 5712 8 credit credit NN 34823 5712 9 is be VBZ 34823 5712 10 exchanged exchange VBN 34823 5712 11 for for IN 34823 5712 12 concrete concrete JJ 34823 5712 13 goods good NNS 34823 5712 14 , , , 34823 5712 15 and and CC 34823 5712 16 the the DT 34823 5712 17 enterprise enterprise NN 34823 5712 18 is be VBZ 34823 5712 19 started start VBN 34823 5712 20 . . . 34823 5713 1 Further further RB 34823 5713 2 , , , 34823 5713 3 the the DT 34823 5713 4 banker banker NN 34823 5713 5 commonly commonly RB 34823 5713 6 insists insist VBZ 34823 5713 7 on on IN 34823 5713 8 a a DT 34823 5713 9 margin margin NN 34823 5713 10 at at IN 34823 5713 11 the the DT 34823 5713 12 start start NN 34823 5713 13 . . . 34823 5714 1 Further further RB 34823 5714 2 , , , 34823 5714 3 the the DT 34823 5714 4 claims claim NNS 34823 5714 5 of of IN 34823 5714 6 the the DT 34823 5714 7 borrower borrower NN 34823 5714 8 on on IN 34823 5714 9 the the DT 34823 5714 10 banker banker NN 34823 5714 11 are be VBP 34823 5714 12 themselves -PRON- PRP 34823 5714 13 , , , 34823 5714 14 prior prior RB 34823 5714 15 to to IN 34823 5714 16 their -PRON- PRP$ 34823 5714 17 expenditure expenditure NN 34823 5714 18 for for IN 34823 5714 19 the the DT 34823 5714 20 things thing NNS 34823 5714 21 needed need VBN 34823 5714 22 in in IN 34823 5714 23 the the DT 34823 5714 24 enterprise enterprise NN 34823 5714 25 , , , 34823 5714 26 assets asset NNS 34823 5714 27 to to TO 34823 5714 28 which which WDT 34823 5714 29 the the DT 34823 5714 30 banker banker NN 34823 5714 31 may may MD 34823 5714 32 look look VB 34823 5714 33 as as IN 34823 5714 34 a a DT 34823 5714 35 basis basis NN 34823 5714 36 for for IN 34823 5714 37 his -PRON- PRP$ 34823 5714 38 confidence confidence NN 34823 5714 39 in in IN 34823 5714 40 the the DT 34823 5714 41 goodness goodness NN 34823 5714 42 of of IN 34823 5714 43 the the DT 34823 5714 44 entrepreneur entrepreneur NN 34823 5714 45 's 's POS 34823 5714 46 promise promise NN 34823 5714 47 to to TO 34823 5714 48 pay pay VB 34823 5714 49 him -PRON- PRP 34823 5714 50 . . . 34823 5715 1 There there EX 34823 5715 2 is be VBZ 34823 5715 3 never never RB 34823 5715 4 a a DT 34823 5715 5 moment moment NN 34823 5715 6 when when WRB 34823 5715 7 the the DT 34823 5715 8 new new JJ 34823 5715 9 credit credit NN 34823 5715 10 does do VBZ 34823 5715 11 not not RB 34823 5715 12 rest rest VB 34823 5715 13 on on IN 34823 5715 14 _ _ NNP 34823 5715 15 values value NNS 34823 5715 16 _ _ NNP 34823 5715 17 . . . 34823 5716 1 The the DT 34823 5716 2 loan loan NN 34823 5716 3 by by IN 34823 5716 4 the the DT 34823 5716 5 banker banker NN 34823 5716 6 to to IN 34823 5716 7 the the DT 34823 5716 8 borrower borrower NN 34823 5716 9 is be VBZ 34823 5716 10 , , , 34823 5716 11 essentially essentially RB 34823 5716 12 , , , 34823 5716 13 like like IN 34823 5716 14 the the DT 34823 5716 15 case case NN 34823 5716 16 of of IN 34823 5716 17 the the DT 34823 5716 18 purchase purchase NN 34823 5716 19 of of IN 34823 5716 20 any any DT 34823 5716 21 bearer bearer NN 34823 5716 22 of of IN 34823 5716 23 future future JJ 34823 5716 24 incomes income NNS 34823 5716 25 , , , 34823 5716 26 say say VBP 34823 5716 27 a a DT 34823 5716 28 machine machine NN 34823 5716 29 , , , 34823 5716 30 or or CC 34823 5716 31 a a DT 34823 5716 32 factory factory NN 34823 5716 33 . . . 34823 5717 1 The the DT 34823 5717 2 machine machine NN 34823 5717 3 is be VBZ 34823 5717 4 , , , 34823 5717 5 after after RB 34823 5717 6 all all RB 34823 5717 7 , , , 34823 5717 8 in in IN 34823 5717 9 economic economic JJ 34823 5717 10 nature nature NN 34823 5717 11 , , , 34823 5717 12 merely merely RB 34823 5717 13 a a DT 34823 5717 14 " " `` 34823 5717 15 promise promise NN 34823 5717 16 " " '' 34823 5717 17 of of IN 34823 5717 18 future future JJ 34823 5717 19 goods good NNS 34823 5717 20 and and CC 34823 5717 21 future future JJ 34823 5717 22 values value NNS 34823 5717 23 , , , 34823 5717 24 as as IN 34823 5717 25 an an DT 34823 5717 26 Austrian austrian JJ 34823 5717 27 economist economist NN 34823 5717 28 should should MD 34823 5717 29 be be VB 34823 5717 30 quick quick JJ 34823 5717 31 to to TO 34823 5717 32 recognize recognize VB 34823 5717 33 , , , 34823 5717 34 and and CC 34823 5717 35 machines machine NNS 34823 5717 36 are be VBP 34823 5717 37 almost almost RB 34823 5717 38 as as IN 34823 5717 39 frequently frequently RB 34823 5717 40 poor poor JJ 34823 5717 41 performers performer NNS 34823 5717 42 as as IN 34823 5717 43 borrowers borrower NNS 34823 5717 44 -- -- : 34823 5717 45 indeed indeed RB 34823 5717 46 , , , 34823 5717 47 most most RBS 34823 5717 48 commonly commonly RB 34823 5717 49 , , , 34823 5717 50 the the DT 34823 5717 51 borrower borrower NN 34823 5717 52 's 's POS 34823 5717 53 inability inability NN 34823 5717 54 to to TO 34823 5717 55 repay repay VB 34823 5717 56 comes come VBZ 34823 5717 57 from from IN 34823 5717 58 the the DT 34823 5717 59 failure failure NN 34823 5717 60 in in IN 34823 5717 61 the the DT 34823 5717 62 value value NN 34823 5717 63 of of IN 34823 5717 64 the the DT 34823 5717 65 goods good NNS 34823 5717 66 which which WDT 34823 5717 67 his -PRON- PRP$ 34823 5717 68 physical physical JJ 34823 5717 69 equipment equipment NN 34823 5717 70 produces produce VBZ 34823 5717 71 . . . 34823 5718 1 The the DT 34823 5718 2 _ _ NNP 34823 5718 3 raison raison NNP 34823 5718 4 d'être d'être NNP 34823 5718 5 _ _ NNP 34823 5718 6 of of IN 34823 5718 7 the the DT 34823 5718 8 new new JJ 34823 5718 9 credit credit NN 34823 5718 10 is be VBZ 34823 5718 11 the the DT 34823 5718 12 new new JJ 34823 5718 13 values value NNS 34823 5718 14 which which WDT 34823 5718 15 have have VBP 34823 5718 16 come come VBN 34823 5718 17 into into IN 34823 5718 18 existence existence NN 34823 5718 19 : : : 34823 5718 20 the the DT 34823 5718 21 new new JJ 34823 5718 22 plan plan NN 34823 5718 23 of of IN 34823 5718 24 the the DT 34823 5718 25 entrepreneur entrepreneur NN 34823 5718 26 , , , 34823 5718 27 _ _ NNP 34823 5718 28 validated validate VBN 34823 5718 29 by by IN 34823 5718 30 the the DT 34823 5718 31 banker banker NN 34823 5718 32 _ _ NNP 34823 5718 33 , , , 34823 5718 34 attains attain VBZ 34823 5718 35 a a DT 34823 5718 36 value value NN 34823 5718 37 equal equal JJ 34823 5718 38 to to IN 34823 5718 39 the the DT 34823 5718 40 present present JJ 34823 5718 41 worth worth NN 34823 5718 42 of of IN 34823 5718 43 the the DT 34823 5718 44 extra extra JJ 34823 5718 45 products product NNS 34823 5718 46 which which WDT 34823 5718 47 it -PRON- PRP 34823 5718 48 promises promise VBZ 34823 5718 49 . . . 34823 5719 1 I -PRON- PRP 34823 5719 2 repeat repeat VBP 34823 5719 3 that that IN 34823 5719 4 it -PRON- PRP 34823 5719 5 is be VBZ 34823 5719 6 values value NNS 34823 5719 7 which which WDT 34823 5719 8 are be VBP 34823 5719 9 significant significant JJ 34823 5719 10 as as IN 34823 5719 11 the the DT 34823 5719 12 basis basis NN 34823 5719 13 of of IN 34823 5719 14 loans loan NNS 34823 5719 15 , , , 34823 5719 16 that that IN 34823 5719 17 values value NNS 34823 5719 18 are be VBP 34823 5719 19 not not RB 34823 5719 20 all all RB 34823 5719 21 embodied embody VBN 34823 5719 22 in in IN 34823 5719 23 physical physical JJ 34823 5719 24 goods good NNS 34823 5719 25 , , , 34823 5719 26 and and CC 34823 5719 27 that that DT 34823 5719 28 value value NN 34823 5719 29 is be VBZ 34823 5719 30 essentially essentially RB 34823 5719 31 a a DT 34823 5719 32 psychological psychological JJ 34823 5719 33 thing thing NN 34823 5719 34 . . . 34823 5720 1 The the DT 34823 5720 2 banker banker NN 34823 5720 3 's 's POS 34823 5720 4 validation validation NN 34823 5720 5 of of IN 34823 5720 6 the the DT 34823 5720 7 plan plan NN 34823 5720 8 may may MD 34823 5720 9 be be VB 34823 5720 10 an an DT 34823 5720 11 essential essential JJ 34823 5720 12 factor factor NN 34823 5720 13 in in IN 34823 5720 14 its -PRON- PRP$ 34823 5720 15 value value NN 34823 5720 16 . . . 34823 5721 1 _ _ NNP 34823 5721 2 Belief Belief NNP 34823 5721 3 _ _ NNP 34823 5721 4 is be VBZ 34823 5721 5 often often RB 34823 5721 6 an an DT 34823 5721 7 essential essential JJ 34823 5721 8 factor factor NN 34823 5721 9 in in IN 34823 5721 10 values value NNS 34823 5721 11 . . . 34823 5722 1 The the DT 34823 5722 2 new new JJ 34823 5722 3 value value NN 34823 5722 4 , , , 34823 5722 5 and and CC 34823 5722 6 the the DT 34823 5722 7 new new JJ 34823 5722 8 credit credit NN 34823 5722 9 , , , 34823 5722 10 have have VBP 34823 5722 11 a a DT 34823 5722 12 large large JJ 34823 5722 13 element element NN 34823 5722 14 of of IN 34823 5722 15 belief belief NN 34823 5722 16 in in IN 34823 5722 17 them -PRON- PRP 34823 5722 18 . . . 34823 5723 1 The the DT 34823 5723 2 value value NN 34823 5723 3 of of IN 34823 5723 4 the the DT 34823 5723 5 new new JJ 34823 5723 6 plan plan NN 34823 5723 7 rests rest VBZ 34823 5723 8 proximately proximately RB 34823 5723 9 in in IN 34823 5723 10 the the DT 34823 5723 11 belief belief NN 34823 5723 12 of of IN 34823 5723 13 the the DT 34823 5723 14 banker banker NN 34823 5723 15 , , , 34823 5723 16 manifested manifest VBN 34823 5723 17 by by IN 34823 5723 18 his -PRON- PRP$ 34823 5723 19 granting granting NN 34823 5723 20 of of IN 34823 5723 21 credit credit NN 34823 5723 22 . . . 34823 5724 1 But but CC 34823 5724 2 the the DT 34823 5724 3 value value NN 34823 5724 4 of of IN 34823 5724 5 the the DT 34823 5724 6 _ _ NNP 34823 5724 7 bank bank NN 34823 5724 8 - - HYPH 34823 5724 9 credit credit NN 34823 5724 10 _ _ NNP 34823 5724 11 rests rest VBZ 34823 5724 12 ultimately ultimately RB 34823 5724 13 in in IN 34823 5724 14 the the DT 34823 5724 15 _ _ NNP 34823 5724 16 prestige prestige NN 34823 5724 17 _ _ NNP 34823 5724 18 of of IN 34823 5724 19 the the DT 34823 5724 20 banker banker NN 34823 5724 21 , , , 34823 5724 22 which which WDT 34823 5724 23 is be VBZ 34823 5724 24 a a DT 34823 5724 25 fact fact NN 34823 5724 26 of of IN 34823 5724 27 social social JJ 34823 5724 28 psychology psychology NN 34823 5724 29 , , , 34823 5724 30 resting rest VBG 34823 5724 31 in in IN 34823 5724 32 a a DT 34823 5724 33 massing massing NN 34823 5724 34 of of IN 34823 5724 35 belief belief NN 34823 5724 36 on on IN 34823 5724 37 the the DT 34823 5724 38 part part NN 34823 5724 39 of of IN 34823 5724 40 the the DT 34823 5724 41 public public NN 34823 5724 42 in in IN 34823 5724 43 him -PRON- PRP 34823 5724 44 , , , 34823 5724 45 in in IN 34823 5724 46 the the DT 34823 5724 47 validity validity NN 34823 5724 48 of of IN 34823 5724 49 his -PRON- PRP$ 34823 5724 50 bank bank NN 34823 5724 51 - - HYPH 34823 5724 52 notes note NNS 34823 5724 53 and and CC 34823 5724 54 deposit deposit NN 34823 5724 55 - - HYPH 34823 5724 56 currency currency NN 34823 5724 57 , , , 34823 5724 58 coupled couple VBN 34823 5724 59 with with IN 34823 5724 60 support support NN 34823 5724 61 from from IN 34823 5724 62 legal legal JJ 34823 5724 63 and and CC 34823 5724 64 other other JJ 34823 5724 65 institutions institution NNS 34823 5724 66 . . . 34823 5725 1 But but CC 34823 5725 2 this this DT 34823 5725 3 is be VBZ 34823 5725 4 to to TO 34823 5725 5 anticipate anticipate VB 34823 5725 6 the the DT 34823 5725 7 discussion discussion NN 34823 5725 8 of of IN 34823 5725 9 the the DT 34823 5725 10 nature nature NN 34823 5725 11 of of IN 34823 5725 12 bank bank NN 34823 5725 13 - - HYPH 34823 5725 14 credit credit NN 34823 5725 15 . . . 34823 5726 1 The the DT 34823 5726 2 point point NN 34823 5726 3 involved involve VBN 34823 5726 4 is be VBZ 34823 5726 5 sufficiently sufficiently RB 34823 5726 6 illustrated illustrate VBN 34823 5726 7 by by IN 34823 5726 8 the the DT 34823 5726 9 case case NN 34823 5726 10 where where WRB 34823 5726 11 a a DT 34823 5726 12 man man NN 34823 5726 13 who who WP 34823 5726 14 is be VBZ 34823 5726 15 not not RB 34823 5726 16 a a DT 34823 5726 17 banker banker NN 34823 5726 18 lends lend VBZ 34823 5726 19 his -PRON- PRP$ 34823 5726 20 money money NN 34823 5726 21 to to IN 34823 5726 22 an an DT 34823 5726 23 entrepreneur entrepreneur NN 34823 5726 24 of of IN 34823 5726 25 a a DT 34823 5726 26 new new JJ 34823 5726 27 undertaking undertaking NN 34823 5726 28 . . . 34823 5727 1 Here here RB 34823 5727 2 again again RB 34823 5727 3 the the DT 34823 5727 4 enterprise enterprise NN 34823 5727 5 is be VBZ 34823 5727 6 impossible impossible JJ 34823 5727 7 without without IN 34823 5727 8 the the DT 34823 5727 9 loan loan NN 34823 5727 10 . . . 34823 5728 1 Here here RB 34823 5728 2 the the DT 34823 5728 3 loan loan NN 34823 5728 4 is be VBZ 34823 5728 5 made make VBN 34823 5728 6 on on IN 34823 5728 7 the the DT 34823 5728 8 basis basis NN 34823 5728 9 of of IN 34823 5728 10 an an DT 34823 5728 11 anticipated anticipated JJ 34823 5728 12 income income NN 34823 5728 13 . . . 34823 5729 1 Here here RB 34823 5729 2 again again RB 34823 5729 3 the the DT 34823 5729 4 anticipated anticipated JJ 34823 5729 5 income income NN 34823 5729 6 is be VBZ 34823 5729 7 made make VBN 34823 5729 8 possible possible JJ 34823 5729 9 only only RB 34823 5729 10 by by IN 34823 5729 11 the the DT 34823 5729 12 loan loan NN 34823 5729 13 ; ; : 34823 5729 14 one one CD 34823 5729 15 of of IN 34823 5729 16 the the DT 34823 5729 17 values value NNS 34823 5729 18 that that WDT 34823 5729 19 enters enter VBZ 34823 5729 20 into into IN 34823 5729 21 the the DT 34823 5729 22 exchange exchange NN 34823 5729 23 exists exist VBZ 34823 5729 24 only only RB 34823 5729 25 because because IN 34823 5729 26 the the DT 34823 5729 27 exchange exchange NN 34823 5729 28 is be VBZ 34823 5729 29 possible possible JJ 34823 5729 30 . . . 34823 5730 1 None none NN 34823 5730 2 the the DT 34823 5730 3 less less JJR 34823 5730 4 , , , 34823 5730 5 the the DT 34823 5730 6 credit credit NN 34823 5730 7 rests rest VBZ 34823 5730 8 on on IN 34823 5730 9 value value NN 34823 5730 10 . . . 34823 5731 1 It -PRON- PRP 34823 5731 2 is be VBZ 34823 5731 3 a a DT 34823 5731 4 right right NN 34823 5731 5 to to IN 34823 5731 6 an an DT 34823 5731 7 anticipated anticipated JJ 34823 5731 8 income income NN 34823 5731 9 . . . 34823 5732 1 The the DT 34823 5732 2 man man NN 34823 5732 3 who who WP 34823 5732 4 has have VBZ 34823 5732 5 made make VBN 34823 5732 6 the the DT 34823 5732 7 loan loan NN 34823 5732 8 has have VBZ 34823 5732 9 his -PRON- PRP$ 34823 5732 10 security security NN 34823 5732 11 in in IN 34823 5732 12 the the DT 34823 5732 13 value value NN 34823 5732 14 which which WDT 34823 5732 15 he -PRON- PRP 34823 5732 16 has have VBZ 34823 5732 17 lent lend VBN 34823 5732 18 , , , 34823 5732 19 plus plus CC 34823 5732 20 the the DT 34823 5732 21 present present JJ 34823 5732 22 worth worth NN 34823 5732 23 of of IN 34823 5732 24 the the DT 34823 5732 25 extra extra JJ 34823 5732 26 income income NN 34823 5732 27 which which WDT 34823 5732 28 the the DT 34823 5732 29 new new JJ 34823 5732 30 idea idea NN 34823 5732 31 is be VBZ 34823 5732 32 expected expect VBN 34823 5732 33 to to TO 34823 5732 34 create create VB 34823 5732 35 . . . 34823 5733 1 Now now RB 34823 5733 2 a a DT 34823 5733 3 great great JJ 34823 5733 4 practical practical JJ 34823 5733 5 difference difference NN 34823 5733 6 is be VBZ 34823 5733 7 made make VBN 34823 5733 8 in in IN 34823 5733 9 the the DT 34823 5733 10 course course NN 34823 5733 11 of of IN 34823 5733 12 economic economic JJ 34823 5733 13 life life NN 34823 5733 14 by by IN 34823 5733 15 the the DT 34823 5733 16 decisions decision NNS 34823 5733 17 of of IN 34823 5733 18 lenders lender NNS 34823 5733 19 to to TO 34823 5733 20 lend lend VB 34823 5733 21 to to IN 34823 5733 22 men man NNS 34823 5733 23 who who WP 34823 5733 24 plan plan VBP 34823 5733 25 new new JJ 34823 5733 26 things thing NNS 34823 5733 27 , , , 34823 5733 28 instead instead RB 34823 5733 29 of of IN 34823 5733 30 to to IN 34823 5733 31 men man NNS 34823 5733 32 who who WP 34823 5733 33 plan plan VBP 34823 5733 34 old old JJ 34823 5733 35 things thing NNS 34823 5733 36 . . . 34823 5734 1 It -PRON- PRP 34823 5734 2 makes make VBZ 34823 5734 3 an an DT 34823 5734 4 enormous enormous JJ 34823 5734 5 difference difference NN 34823 5734 6 whether whether IN 34823 5734 7 or or CC 34823 5734 8 not not RB 34823 5734 9 new new JJ 34823 5734 10 plans plan NNS 34823 5734 11 appeal appeal VBP 34823 5734 12 to to IN 34823 5734 13 the the DT 34823 5734 14 imaginations imagination NNS 34823 5734 15 of of IN 34823 5734 16 those those DT 34823 5734 17 who who WP 34823 5734 18 control control VBP 34823 5734 19 the the DT 34823 5734 20 economic economic JJ 34823 5734 21 resources resource NNS 34823 5734 22 of of IN 34823 5734 23 society society NN 34823 5734 24 . . . 34823 5735 1 It -PRON- PRP 34823 5735 2 makes make VBZ 34823 5735 3 a a DT 34823 5735 4 great great JJ 34823 5735 5 difference difference NN 34823 5735 6 whether whether IN 34823 5735 7 static static JJ 34823 5735 8 values value NNS 34823 5735 9 ( ( -LRB- 34823 5735 10 the the DT 34823 5735 11 capital capital NN 34823 5735 12 values value NNS 34823 5735 13 of of IN 34823 5735 14 incomes income NNS 34823 5735 15 to to TO 34823 5735 16 be be VB 34823 5735 17 created create VBN 34823 5735 18 in in IN 34823 5735 19 familiar familiar JJ 34823 5735 20 ways way NNS 34823 5735 21 ) ) -RRB- 34823 5735 22 or or CC 34823 5735 23 dynamic dynamic JJ 34823 5735 24 values value NNS 34823 5735 25 ( ( -LRB- 34823 5735 26 capital capital NN 34823 5735 27 values value NNS 34823 5735 28 of of IN 34823 5735 29 incomes income NNS 34823 5735 30 to to TO 34823 5735 31 be be VB 34823 5735 32 created create VBN 34823 5735 33 in in IN 34823 5735 34 novel novel JJ 34823 5735 35 ways way NNS 34823 5735 36 ) ) -RRB- 34823 5735 37 win win VBP 34823 5735 38 out out RP 34823 5735 39 in in IN 34823 5735 40 the the DT 34823 5735 41 competition competition NN 34823 5735 42 for for IN 34823 5735 43 loans loan NNS 34823 5735 44 from from IN 34823 5735 45 those those DT 34823 5735 46 who who WP 34823 5735 47 have have VBP 34823 5735 48 loans loan NNS 34823 5735 49 to to TO 34823 5735 50 make make VB 34823 5735 51 . . . 34823 5736 1 But but CC 34823 5736 2 _ _ NNP 34823 5736 3 as as IN 34823 5736 4 values value NNS 34823 5736 5 _ _ NNP 34823 5736 6 , , , 34823 5736 7 the the DT 34823 5736 8 two two CD 34823 5736 9 are be VBP 34823 5736 10 of of IN 34823 5736 11 the the DT 34823 5736 12 same same JJ 34823 5736 13 psychological psychological JJ 34823 5736 14 stuff stuff NN 34823 5736 15 and and CC 34823 5736 16 substance substance NN 34823 5736 17 : : : 34823 5736 18 futurity futurity NN 34823 5736 19 and and CC 34823 5736 20 belief belief NN 34823 5736 21 are be VBP 34823 5736 22 essential essential JJ 34823 5736 23 elements element NNS 34823 5736 24 in in IN 34823 5736 25 both both DT 34823 5736 26 of of IN 34823 5736 27 them -PRON- PRP 34823 5736 28 . . . 34823 5737 1 Stable stable JJ 34823 5737 2 belief belief NN 34823 5737 3 , , , 34823 5737 4 and and CC 34823 5737 5 strong strong JJ 34823 5737 6 belief belief NN 34823 5737 7 , , , 34823 5737 8 are be VBP 34823 5737 9 easier easy JJR 34823 5737 10 to to TO 34823 5737 11 evoke evoke VB 34823 5737 12 in in IN 34823 5737 13 the the DT 34823 5737 14 case case NN 34823 5737 15 of of IN 34823 5737 16 the the DT 34823 5737 17 established establish VBN 34823 5737 18 and and CC 34823 5737 19 the the DT 34823 5737 20 familiar familiar JJ 34823 5737 21 . . . 34823 5738 1 New new JJ 34823 5738 2 ways way NNS 34823 5738 3 of of IN 34823 5738 4 creating create VBG 34823 5738 5 wealth wealth NN 34823 5738 6 must must MD 34823 5738 7 promise promise VB 34823 5738 8 larger large JJR 34823 5738 9 returns return NNS 34823 5738 10 , , , 34823 5738 11 and and CC 34823 5738 12 make make VB 34823 5738 13 more more RBR 34823 5738 14 dramatic dramatic JJ 34823 5738 15 appeals appeal NNS 34823 5738 16 to to IN 34823 5738 17 the the DT 34823 5738 18 imagination imagination NN 34823 5738 19 , , , 34823 5738 20 than than IN 34823 5738 21 old old JJ 34823 5738 22 ways way NNS 34823 5738 23 . . . 34823 5739 1 Schumpeter Schumpeter NNP 34823 5739 2 indicates indicate VBZ 34823 5739 3 that that IN 34823 5739 4 it -PRON- PRP 34823 5739 5 is be VBZ 34823 5739 6 the the DT 34823 5739 7 essential essential JJ 34823 5739 8 function function NN 34823 5739 9 of of IN 34823 5739 10 the the DT 34823 5739 11 banker banker NN 34823 5739 12 to to TO 34823 5739 13 give give VB 34823 5739 14 preference preference NN 34823 5739 15 to to IN 34823 5739 16 the the DT 34823 5739 17 new new JJ 34823 5739 18 ways way NNS 34823 5739 19 , , , 34823 5739 20 that that IN 34823 5739 21 the the DT 34823 5739 22 mass mass NN 34823 5739 23 of of IN 34823 5739 24 men man NNS 34823 5739 25 are be VBP 34823 5739 26 " " `` 34823 5739 27 static static JJ 34823 5739 28 " " '' 34823 5739 29 in in IN 34823 5739 30 their -PRON- PRP$ 34823 5739 31 attitude attitude NN 34823 5739 32 , , , 34823 5739 33 and and CC 34823 5739 34 that that IN 34823 5739 35 , , , 34823 5739 36 for for IN 34823 5739 37 some some DT 34823 5739 38 reason reason NN 34823 5739 39 which which WDT 34823 5739 40 he -PRON- PRP 34823 5739 41 does do VBZ 34823 5739 42 not not RB 34823 5739 43 clearly clearly RB 34823 5739 44 indicate indicate VB 34823 5739 45 , , , 34823 5739 46 the the DT 34823 5739 47 banker banker NN 34823 5739 48 is be VBZ 34823 5739 49 not not RB 34823 5739 50 . . . 34823 5740 1 This this DT 34823 5740 2 has have VBZ 34823 5740 3 not not RB 34823 5740 4 been be VBN 34823 5740 5 our -PRON- PRP$ 34823 5740 6 American american JJ 34823 5740 7 experience experience NN 34823 5740 8 , , , 34823 5740 9 on on IN 34823 5740 10 the the DT 34823 5740 11 whole whole NN 34823 5740 12 . . . 34823 5741 1 The the DT 34823 5741 2 contrast contrast NN 34823 5741 3 which which WDT 34823 5741 4 Schumpeter Schumpeter NNP 34823 5741 5 makes make VBZ 34823 5741 6 between between IN 34823 5741 7 the the DT 34823 5741 8 timid timid JJ 34823 5741 9 , , , 34823 5741 10 static static JJ 34823 5741 11 masses masse NNS 34823 5741 12 , , , 34823 5741 13 and and CC 34823 5741 14 the the DT 34823 5741 15 few few JJ 34823 5741 16 highly highly RB 34823 5741 17 important important JJ 34823 5741 18 dynamic dynamic JJ 34823 5741 19 entrepreneurs entrepreneur NNS 34823 5741 20 , , , 34823 5741 21 holds hold VBZ 34823 5741 22 very very RB 34823 5741 23 much much RB 34823 5741 24 less less RBR 34823 5741 25 true true JJ 34823 5741 26 in in IN 34823 5741 27 America America NNP 34823 5741 28 than than IN 34823 5741 29 in in IN 34823 5741 30 Continental Continental NNP 34823 5741 31 Europe Europe NNP 34823 5741 32 . . . 34823 5742 1 There there RB 34823 5742 2 it -PRON- PRP 34823 5742 3 is be VBZ 34823 5742 4 doubtless doubtless RB 34823 5742 5 true true JJ 34823 5742 6 that that IN 34823 5742 7 new new JJ 34823 5742 8 industrial industrial JJ 34823 5742 9 enterprises enterprise NNS 34823 5742 10 have have VBP 34823 5742 11 had have VBN 34823 5742 12 their -PRON- PRP$ 34823 5742 13 main main JJ 34823 5742 14 encouragement encouragement NN 34823 5742 15 from from IN 34823 5742 16 bankers banker NNS 34823 5742 17 . . . 34823 5743 1 Here here RB 34823 5743 2 , , , 34823 5743 3 such such JJ 34823 5743 4 enterprises enterprise NNS 34823 5743 5 have have VBP 34823 5743 6 appealed appeal VBN 34823 5743 7 largely largely RB 34823 5743 8 to to IN 34823 5743 9 the the DT 34823 5743 10 mass mass NN 34823 5743 11 of of IN 34823 5743 12 men man NNS 34823 5743 13 , , , 34823 5743 14 to to IN 34823 5743 15 the the DT 34823 5743 16 investing invest VBG 34823 5743 17 and and CC 34823 5743 18 speculative speculative JJ 34823 5743 19 public public NN 34823 5743 20 . . . 34823 5744 1 Our -PRON- PRP$ 34823 5744 2 commercial commercial JJ 34823 5744 3 banks bank NNS 34823 5744 4 have have VBP 34823 5744 5 lent lend VBN 34823 5744 6 largely largely RB 34823 5744 7 upon upon IN 34823 5744 8 stock stock NN 34823 5744 9 exchange exchange NN 34823 5744 10 collateral collateral NN 34823 5744 11 , , , 34823 5744 12 which which WDT 34823 5744 13 means mean VBZ 34823 5744 14 that that IN 34823 5744 15 , , , 34823 5744 16 indirectly indirectly RB 34823 5744 17 , , , 34823 5744 18 bank bank NN 34823 5744 19 - - HYPH 34823 5744 20 loans loan NNS 34823 5744 21 have have VBP 34823 5744 22 gone go VBN 34823 5744 23 to to TO 34823 5744 24 finance finance NN 34823 5744 25 industry industry NN 34823 5744 26 . . . 34823 5745 1 The the DT 34823 5745 2 extent extent NN 34823 5745 3 of of IN 34823 5745 4 this this DT 34823 5745 5 is be VBZ 34823 5745 6 enormous enormous JJ 34823 5745 7 , , , 34823 5745 8 as as IN 34823 5745 9 will will MD 34823 5745 10 later later RB 34823 5745 11 appear appear VB 34823 5745 12 . . . 34823 5746 1 However however RB 34823 5746 2 , , , 34823 5746 3 the the DT 34823 5746 4 banks bank NNS 34823 5746 5 , , , 34823 5746 6 as as IN 34823 5746 7 banks bank NNS 34823 5746 8 , , , 34823 5746 9 have have VBP 34823 5746 10 not not RB 34823 5746 11 been be VBN 34823 5746 12 large large JJ 34823 5746 13 _ _ NNP 34823 5746 14 buyers buyer NNS 34823 5746 15 _ _ NNP 34823 5746 16 of of IN 34823 5746 17 stocks stock NNS 34823 5746 18 . . . 34823 5747 1 They -PRON- PRP 34823 5747 2 have have VBP 34823 5747 3 guarded guard VBN 34823 5747 4 themselves -PRON- PRP 34823 5747 5 by by IN 34823 5747 6 requiring require VBG 34823 5747 7 " " `` 34823 5747 8 margins margin NNS 34823 5747 9 " " '' 34823 5747 10 from from IN 34823 5747 11 those those DT 34823 5747 12 to to IN 34823 5747 13 whom whom WP 34823 5747 14 they -PRON- PRP 34823 5747 15 have have VBP 34823 5747 16 lent lend VBN 34823 5747 17 on on IN 34823 5747 18 such such JJ 34823 5747 19 collateral collateral NN 34823 5747 20 . . . 34823 5748 1 Seasoned seasoned JJ 34823 5748 2 bonds bond NNS 34823 5748 3 have have VBP 34823 5748 4 been be VBN 34823 5748 5 bought buy VBN 34823 5748 6 in in IN 34823 5748 7 great great JJ 34823 5748 8 volume volume NN 34823 5748 9 by by IN 34823 5748 10 our -PRON- PRP$ 34823 5748 11 commercial commercial JJ 34823 5748 12 banks bank NNS 34823 5748 13 , , , 34823 5748 14 but but CC 34823 5748 15 few few JJ 34823 5748 16 stocks stock NNS 34823 5748 17 . . . 34823 5749 1 Even even RB 34823 5749 2 the the DT 34823 5749 3 underwriters underwriter NNS 34823 5749 4 and and CC 34823 5749 5 investment investment NN 34823 5749 6 bankers banker NNS 34823 5749 7 have have VBP 34823 5749 8 been be VBN 34823 5749 9 primarily primarily RB 34823 5749 10 intermediaries intermediary NNS 34823 5749 11 , , , 34823 5749 12 expecting expect VBG 34823 5749 13 to to TO 34823 5749 14 pass pass VB 34823 5749 15 on on RP 34823 5749 16 to to IN 34823 5749 17 private private JJ 34823 5749 18 buyers buyer NNS 34823 5749 19 the the DT 34823 5749 20 securities security NNS 34823 5749 21 they -PRON- PRP 34823 5749 22 hold hold VBP 34823 5749 23 temporarily temporarily RB 34823 5749 24 . . . 34823 5750 1 My -PRON- PRP$ 34823 5750 2 point point NN 34823 5750 3 here here RB 34823 5750 4 is be VBZ 34823 5750 5 , , , 34823 5750 6 merely merely RB 34823 5750 7 , , , 34823 5750 8 that that IN 34823 5750 9 there there EX 34823 5750 10 is be VBZ 34823 5750 11 nothing nothing NN 34823 5750 12 in in IN 34823 5750 13 the the DT 34823 5750 14 distinction distinction NN 34823 5750 15 between between IN 34823 5750 16 static static JJ 34823 5750 17 and and CC 34823 5750 18 dynamic dynamic JJ 34823 5750 19 credit credit NN 34823 5750 20 , , , 34823 5750 21 when when WRB 34823 5750 22 by by IN 34823 5750 23 that that DT 34823 5750 24 is be VBZ 34823 5750 25 meant mean VBN 34823 5750 26 the the DT 34823 5750 27 distinction distinction NN 34823 5750 28 between between IN 34823 5750 29 credit credit NN 34823 5750 30 for for IN 34823 5750 31 new new JJ 34823 5750 32 enterprises enterprise NNS 34823 5750 33 and and CC 34823 5750 34 credit credit NN 34823 5750 35 for for IN 34823 5750 36 old old JJ 34823 5750 37 enterprises enterprise NNS 34823 5750 38 , , , 34823 5750 39 to to TO 34823 5750 40 mark mark VB 34823 5750 41 off off RP 34823 5750 42 a a DT 34823 5750 43 peculiar peculiar JJ 34823 5750 44 or or CC 34823 5750 45 essential essential JJ 34823 5750 46 province province NN 34823 5750 47 for for IN 34823 5750 48 bank bank NN 34823 5750 49 - - HYPH 34823 5750 50 credit credit NN 34823 5750 51 . . . 34823 5751 1 The the DT 34823 5751 2 need need NN 34823 5751 3 for for IN 34823 5751 4 bank bank NN 34823 5751 5 - - HYPH 34823 5751 6 credit credit NN 34823 5751 7 does do VBZ 34823 5751 8 arise arise VB 34823 5751 9 out out IN 34823 5751 10 of of IN 34823 5751 11 dynamic dynamic JJ 34823 5751 12 conditions condition NNS 34823 5751 13 , , , 34823 5751 14 primarily primarily RB 34823 5751 15 , , , 34823 5751 16 but but CC 34823 5751 17 it -PRON- PRP 34823 5751 18 is be VBZ 34823 5751 19 not not RB 34823 5751 20 the the DT 34823 5751 21 need need NN 34823 5751 22 for for IN 34823 5751 23 credit credit NN 34823 5751 24 to to IN 34823 5751 25 _ _ NNP 34823 5751 26 start start VB 34823 5751 27 _ _ NNP 34823 5751 28 dynamic dynamic JJ 34823 5751 29 changes change NNS 34823 5751 30 , , , 34823 5751 31 even even RB 34823 5751 32 though though IN 34823 5751 33 bank bank NN 34823 5751 34 - - HYPH 34823 5751 35 credit credit NN 34823 5751 36 may may MD 34823 5751 37 do do VB 34823 5751 38 , , , 34823 5751 39 and and CC 34823 5751 40 does do VBZ 34823 5751 41 do do VB 34823 5751 42 , , , 34823 5751 43 that that DT 34823 5751 44 . . . 34823 5752 1 The the DT 34823 5752 2 chief chief JJ 34823 5752 3 reason reason NN 34823 5752 4 for for IN 34823 5752 5 bank bank NN 34823 5752 6 - - HYPH 34823 5752 7 credit credit NN 34823 5752 8 is be VBZ 34823 5752 9 to to TO 34823 5752 10 enable enable VB 34823 5752 11 economic economic JJ 34823 5752 12 society society NN 34823 5752 13 to to TO 34823 5752 14 readjust readjust VB 34823 5752 15 itself -PRON- PRP 34823 5752 16 quickly quickly RB 34823 5752 17 and and CC 34823 5752 18 readily readily RB 34823 5752 19 to to IN 34823 5752 20 dynamic dynamic JJ 34823 5752 21 changes change NNS 34823 5752 22 , , , 34823 5752 23 by by IN 34823 5752 24 putting put VBG 34823 5752 25 through through RP 34823 5752 26 without without IN 34823 5752 27 friction friction NN 34823 5752 28 the the DT 34823 5752 29 necessary necessary JJ 34823 5752 30 exchanges exchange NNS 34823 5752 31 that that IN 34823 5752 32 such such JJ 34823 5752 33 readjustment readjustment NN 34823 5752 34 requires require VBZ 34823 5752 35 , , , 34823 5752 36 and and CC 34823 5752 37 by by IN 34823 5752 38 holding hold VBG 34823 5752 39 in in RP 34823 5752 40 liquid liquid NN 34823 5752 41 form form NN 34823 5752 42 a a DT 34823 5752 43 fund fund NN 34823 5752 44 of of IN 34823 5752 45 rights right NNS 34823 5752 46 which which WDT 34823 5752 47 can can MD 34823 5752 48 meet meet VB 34823 5752 49 the the DT 34823 5752 50 emergencies emergency NNS 34823 5752 51 and and CC 34823 5752 52 unexpected unexpected JJ 34823 5752 53 occurrences occurrence NNS 34823 5752 54 which which WDT 34823 5752 55 dynamic dynamic JJ 34823 5752 56 conditions condition NNS 34823 5752 57 involve involve VBP 34823 5752 58 . . . 34823 5753 1 To to IN 34823 5753 2 this this DT 34823 5753 3 we -PRON- PRP 34823 5753 4 now now RB 34823 5753 5 turn turn VBP 34823 5753 6 . . . 34823 5754 1 Bank bank NN 34823 5754 2 - - HYPH 34823 5754 3 credit credit NN 34823 5754 4 is be VBZ 34823 5754 5 the the DT 34823 5754 6 debt debt NN 34823 5754 7 of of IN 34823 5754 8 responsible responsible JJ 34823 5754 9 institutions institution NNS 34823 5754 10 , , , 34823 5754 11 payable payable JJ 34823 5754 12 on on IN 34823 5754 13 demand demand NN 34823 5754 14 in in IN 34823 5754 15 money money NN 34823 5754 16 . . . 34823 5755 1 It -PRON- PRP 34823 5755 2 may may MD 34823 5755 3 take take VB 34823 5755 4 the the DT 34823 5755 5 form form NN 34823 5755 6 of of IN 34823 5755 7 notes note NNS 34823 5755 8 , , , 34823 5755 9 or or CC 34823 5755 10 of of IN 34823 5755 11 the the DT 34823 5755 12 right right NN 34823 5755 13 to to TO 34823 5755 14 draw draw VB 34823 5755 15 checks check NNS 34823 5755 16 . . . 34823 5756 1 Long long JJ 34823 5756 2 evolution evolution NN 34823 5756 3 has have VBZ 34823 5756 4 begot beget VBN 34823 5756 5 a a DT 34823 5756 6 system system NN 34823 5756 7 of of IN 34823 5756 8 legal legal JJ 34823 5756 9 relationships relationship NNS 34823 5756 10 , , , 34823 5756 11 and and CC 34823 5756 12 of of IN 34823 5756 13 banking banking NN 34823 5756 14 technique technique NN 34823 5756 15 which which WDT 34823 5756 16 makes make VBZ 34823 5756 17 these these DT 34823 5756 18 promises promise NNS 34823 5756 19 easily easily RB 34823 5756 20 performed perform VBN 34823 5756 21 . . . 34823 5757 1 The the DT 34823 5757 2 same same JJ 34823 5757 3 process process NN 34823 5757 4 of of IN 34823 5757 5 development development NN 34823 5757 6 has have VBZ 34823 5757 7 led lead VBN 34823 5757 8 to to IN 34823 5757 9 social social JJ 34823 5757 10 reactions reaction NNS 34823 5757 11 toward toward IN 34823 5757 12 banks bank NNS 34823 5757 13 and and CC 34823 5757 14 bankers banker NNS 34823 5757 15 which which WDT 34823 5757 16 give give VBP 34823 5757 17 them -PRON- PRP 34823 5757 18 enormous enormous JJ 34823 5757 19 prestige prestige NN 34823 5757 20 . . . 34823 5758 1 Legal legal JJ 34823 5758 2 regulation regulation NN 34823 5758 3 , , , 34823 5758 4 in in IN 34823 5758 5 the the DT 34823 5758 6 case case NN 34823 5758 7 of of IN 34823 5758 8 many many JJ 34823 5758 9 banks bank NNS 34823 5758 10 , , , 34823 5758 11 requiring require VBG 34823 5758 12 adequate adequate JJ 34823 5758 13 capital capital NN 34823 5758 14 , , , 34823 5758 15 and and CC 34823 5758 16 , , , 34823 5758 17 in in IN 34823 5758 18 this this DT 34823 5758 19 country country NN 34823 5758 20 , , , 34823 5758 21 requiring require VBG 34823 5758 22 minimum minimum JJ 34823 5758 23 cash cash NN 34823 5758 24 reserves reserve NNS 34823 5758 25 , , , 34823 5758 26 have have VBP 34823 5758 27 added add VBN 34823 5758 28 to to IN 34823 5758 29 that that DT 34823 5758 30 prestige prestige NN 34823 5758 31 . . . 34823 5759 1 The the DT 34823 5759 2 promise promise NN 34823 5759 3 of of IN 34823 5759 4 the the DT 34823 5759 5 bank bank NN 34823 5759 6 is be VBZ 34823 5759 7 commonly commonly RB 34823 5759 8 so so RB 34823 5759 9 liquid liquid JJ 34823 5759 10 and and CC 34823 5759 11 saleable saleable JJ 34823 5759 12 that that IN 34823 5759 13 the the DT 34823 5759 14 banks bank NNS 34823 5759 15 are be VBP 34823 5759 16 not not RB 34823 5759 17 called call VBN 34823 5759 18 upon upon IN 34823 5759 19 to to TO 34823 5759 20 fulfill fulfill VB 34823 5759 21 it -PRON- PRP 34823 5759 22 by by IN 34823 5759 23 the the DT 34823 5759 24 actual actual JJ 34823 5759 25 payment payment NN 34823 5759 26 of of IN 34823 5759 27 money money NN 34823 5759 28 -- -- : 34823 5759 29 the the DT 34823 5759 30 promise promise NN 34823 5759 31 alone alone RB 34823 5759 32 is be VBZ 34823 5759 33 an an DT 34823 5759 34 object object NN 34823 5759 35 of of IN 34823 5759 36 value value NN 34823 5759 37 which which WDT 34823 5759 38 is be VBZ 34823 5759 39 perfectly perfectly RB 34823 5759 40 saleable saleable JJ 34823 5759 41 , , , 34823 5759 42 which which WDT 34823 5759 43 runs run VBZ 34823 5759 44 in in IN 34823 5759 45 terms term NNS 34823 5759 46 of of IN 34823 5759 47 money money NN 34823 5759 48 , , , 34823 5759 49 and and CC 34823 5759 50 which which WDT 34823 5759 51 functions function NNS 34823 5759 52 as as IN 34823 5759 53 a a DT 34823 5759 54 perfect perfect JJ 34823 5759 55 substitute substitute NN 34823 5759 56 for for IN 34823 5759 57 money money NN 34823 5759 58 in in IN 34823 5759 59 almost almost RB 34823 5759 60 every every DT 34823 5759 61 use use NN 34823 5759 62 except except IN 34823 5759 63 for for IN 34823 5759 64 very very RB 34823 5759 65 small small JJ 34823 5759 66 retail retail JJ 34823 5759 67 transactions transaction NNS 34823 5759 68 . . . 34823 5760 1 Even even RB 34823 5760 2 there there EX 34823 5760 3 , , , 34823 5760 4 it -PRON- PRP 34823 5760 5 is be VBZ 34823 5760 6 very very RB 34823 5760 7 much much RB 34823 5760 8 used use VBN 34823 5760 9 . . . 34823 5761 1 Among among IN 34823 5761 2 the the DT 34823 5761 3 features feature NNS 34823 5761 4 of of IN 34823 5761 5 banking banking NN 34823 5761 6 technique technique NN 34823 5761 7 to to TO 34823 5761 8 which which WDT 34823 5761 9 we -PRON- PRP 34823 5761 10 must must MD 34823 5761 11 give give VB 34823 5761 12 especial especial JJ 34823 5761 13 attention attention NN 34823 5761 14 are be VBP 34823 5761 15 the the DT 34823 5761 16 following follow VBG 34823 5761 17 : : : 34823 5761 18 ( ( -LRB- 34823 5761 19 1 1 LS 34823 5761 20 ) ) -RRB- 34823 5761 21 the the DT 34823 5761 22 banker banker NN 34823 5761 23 has have VBZ 34823 5761 24 substantial substantial JJ 34823 5761 25 resources resource NNS 34823 5761 26 of of IN 34823 5761 27 his -PRON- PRP$ 34823 5761 28 own own JJ 34823 5761 29 , , , 34823 5761 30 his -PRON- PRP$ 34823 5761 31 " " `` 34823 5761 32 capital capital NN 34823 5761 33 , , , 34823 5761 34 " " '' 34823 5761 35 which which WDT 34823 5761 36 constitutes constitute VBZ 34823 5761 37 the the DT 34823 5761 38 " " `` 34823 5761 39 margin margin NN 34823 5761 40 " " '' 34823 5761 41 of of IN 34823 5761 42 protection protection NN 34823 5761 43 which which WDT 34823 5761 44 he -PRON- PRP 34823 5761 45 offers offer VBZ 34823 5761 46 to to IN 34823 5761 47 those those DT 34823 5761 48 who who WP 34823 5761 49 give give VBP 34823 5761 50 him -PRON- PRP 34823 5761 51 valuable valuable JJ 34823 5761 52 things thing NNS 34823 5761 53 in in IN 34823 5761 54 return return NN 34823 5761 55 for for IN 34823 5761 56 his -PRON- PRP$ 34823 5761 57 promises promise NNS 34823 5761 58 to to TO 34823 5761 59 pay pay VB 34823 5761 60 money money NN 34823 5761 61 on on IN 34823 5761 62 demand demand NN 34823 5761 63 ; ; : 34823 5761 64 ( ( -LRB- 34823 5761 65 2 2 LS 34823 5761 66 ) ) -RRB- 34823 5761 67 the the DT 34823 5761 68 banker banker NN 34823 5761 69 exchanges exchange VBZ 34823 5761 70 his -PRON- PRP$ 34823 5761 71 promises promise NNS 34823 5761 72 to to TO 34823 5761 73 pay pay VB 34823 5761 74 on on IN 34823 5761 75 demand demand NN 34823 5761 76 , , , 34823 5761 77 as as RB 34823 5761 78 far far RB 34823 5761 79 as as IN 34823 5761 80 possible possible JJ 34823 5761 81 , , , 34823 5761 82 for for IN 34823 5761 83 those those DT 34823 5761 84 things thing NNS 34823 5761 85 which which WDT 34823 5761 86 have have VBP 34823 5761 87 a a DT 34823 5761 88 high high JJ 34823 5761 89 degree degree NN 34823 5761 90 of of IN 34823 5761 91 " " `` 34823 5761 92 liquidity liquidity NN 34823 5761 93 , , , 34823 5761 94 " " '' 34823 5761 95 _ _ NNP 34823 5761 96 i. i. NNP 34823 5762 1 e. e. NNP 34823 5762 2 _ _ NNP 34823 5762 3 , , , 34823 5762 4 for for IN 34823 5762 5 those those DT 34823 5762 6 things thing NNS 34823 5762 7 which which WDT 34823 5762 8 he -PRON- PRP 34823 5762 9 can can MD 34823 5762 10 quickly quickly RB 34823 5762 11 dispose dispose VB 34823 5762 12 of of IN 34823 5762 13 for for IN 34823 5762 14 cash cash NN 34823 5762 15 , , , 34823 5762 16 or or CC 34823 5762 17 for for IN 34823 5762 18 the the DT 34823 5762 19 promises promise NNS 34823 5762 20 of of IN 34823 5762 21 other other JJ 34823 5762 22 bankers banker NNS 34823 5762 23 which which WDT 34823 5762 24 are be VBP 34823 5762 25 the the DT 34823 5762 26 equivalent equivalent NN 34823 5762 27 of of IN 34823 5762 28 cash cash NN 34823 5762 29 . . . 34823 5763 1 Farm farm NN 34823 5763 2 mortgages mortgage NNS 34823 5763 3 are be VBP 34823 5763 4 not not RB 34823 5763 5 good good JJ 34823 5763 6 assets asset NNS 34823 5763 7 for for IN 34823 5763 8 a a DT 34823 5763 9 banker banker NN 34823 5763 10 to to TO 34823 5763 11 hold hold VB 34823 5763 12 in in IN 34823 5763 13 large large JJ 34823 5763 14 amount amount NN 34823 5763 15 . . . 34823 5764 1 They -PRON- PRP 34823 5764 2 are be VBP 34823 5764 3 long long JJ 34823 5764 4 - - HYPH 34823 5764 5 term term NN 34823 5764 6 obligations obligation NNS 34823 5764 7 , , , 34823 5764 8 with with IN 34823 5764 9 a a DT 34823 5764 10 very very RB 34823 5764 11 limited limited JJ 34823 5764 12 market market NN 34823 5764 13 , , , 34823 5764 14 and and CC 34823 5764 15 they -PRON- PRP 34823 5764 16 will will MD 34823 5764 17 not not RB 34823 5764 18 help help VB 34823 5764 19 him -PRON- PRP 34823 5764 20 in in IN 34823 5764 21 emergencies emergency NNS 34823 5764 22 to to TO 34823 5764 23 meet meet VB 34823 5764 24 his -PRON- PRP$ 34823 5764 25 obligations obligation NNS 34823 5764 26 to to TO 34823 5764 27 pay pay VB 34823 5764 28 on on IN 34823 5764 29 demand demand NN 34823 5764 30 . . . 34823 5765 1 Agricultural agricultural JJ 34823 5765 2 loans loan NNS 34823 5765 3 , , , 34823 5765 4 and and CC 34823 5765 5 other other JJ 34823 5765 6 mortgage mortgage NN 34823 5765 7 loans loan NNS 34823 5765 8 are be VBP 34823 5765 9 made make VBN 34823 5765 10 in in IN 34823 5765 11 considerable considerable JJ 34823 5765 12 volume volume NN 34823 5765 13 by by IN 34823 5765 14 our -PRON- PRP$ 34823 5765 15 State State NNP 34823 5765 16 banks bank NNS 34823 5765 17 and and CC 34823 5765 18 trust trust NN 34823 5765 19 companies company NNS 34823 5765 20 . . . 34823 5766 1 All all DT 34823 5766 2 classes class NNS 34823 5766 3 of of IN 34823 5766 4 commercial commercial JJ 34823 5766 5 banks bank NNS 34823 5766 6 make make VBP 34823 5766 7 many many JJ 34823 5766 8 non non JJ 34823 5766 9 - - JJ 34823 5766 10 liquid liquid JJ 34823 5766 11 loans loan NNS 34823 5766 12 , , , 34823 5766 13 as as IN 34823 5766 14 we -PRON- PRP 34823 5766 15 shall shall MD 34823 5766 16 later later RB 34823 5766 17 see see VB 34823 5766 18 . . . 34823 5767 1 But but CC 34823 5767 2 all all DT 34823 5767 3 of of IN 34823 5767 4 them -PRON- PRP 34823 5767 5 get get VBP 34823 5767 6 as as RB 34823 5767 7 high high JJ 34823 5767 8 a a DT 34823 5767 9 proportion proportion NN 34823 5767 10 of of IN 34823 5767 11 liquid liquid JJ 34823 5767 12 loans loan NNS 34823 5767 13 as as IN 34823 5767 14 they -PRON- PRP 34823 5767 15 can can MD 34823 5767 16 . . . 34823 5768 1 Bills bill NNS 34823 5768 2 of of IN 34823 5768 3 exchange exchange NN 34823 5768 4 , , , 34823 5768 5 running run VBG 34823 5768 6 ten ten CD 34823 5768 7 , , , 34823 5768 8 thirty thirty CD 34823 5768 9 , , , 34823 5768 10 sixty sixty CD 34823 5768 11 or or CC 34823 5768 12 ninety ninety CD 34823 5768 13 days day NNS 34823 5768 14 , , , 34823 5768 15 growing grow VBG 34823 5768 16 out out IN 34823 5768 17 of of IN 34823 5768 18 commercial commercial JJ 34823 5768 19 transactions transaction NNS 34823 5768 20 which which WDT 34823 5768 21 automatically automatically RB 34823 5768 22 terminate terminate VBP 34823 5768 23 themselves -PRON- PRP 34823 5768 24 in in IN 34823 5768 25 the the DT 34823 5768 26 payment payment NN 34823 5768 27 of of IN 34823 5768 28 cash cash NN 34823 5768 29 or or CC 34823 5768 30 the the DT 34823 5768 31 promises promise NNS 34823 5768 32 of of IN 34823 5768 33 other other JJ 34823 5768 34 bankers banker NNS 34823 5768 35 , , , 34823 5768 36 constitute constitute VBP 34823 5768 37 admirable admirable JJ 34823 5768 38 assets asset NNS 34823 5768 39 . . . 34823 5769 1 In in IN 34823 5769 2 return return NN 34823 5769 3 for for IN 34823 5769 4 these these DT 34823 5769 5 , , , 34823 5769 6 the the DT 34823 5769 7 banker banker NN 34823 5769 8 may may MD 34823 5769 9 give give VB 34823 5769 10 his -PRON- PRP$ 34823 5769 11 promises promise NNS 34823 5769 12 freely freely RB 34823 5769 13 . . . 34823 5770 1 This this DT 34823 5770 2 is be VBZ 34823 5770 3 especially especially RB 34823 5770 4 true true JJ 34823 5770 5 where where WRB 34823 5770 6 there there EX 34823 5770 7 is be VBZ 34823 5770 8 , , , 34823 5770 9 in in IN 34823 5770 10 the the DT 34823 5770 11 banking banking NN 34823 5770 12 practice practice NN 34823 5770 13 , , , 34823 5770 14 a a DT 34823 5770 15 wide wide JJ 34823 5770 16 " " `` 34823 5770 17 rediscount rediscount NN 34823 5770 18 market market NN 34823 5770 19 , , , 34823 5770 20 " " '' 34823 5770 21 in in IN 34823 5770 22 which which WDT 34823 5770 23 he -PRON- PRP 34823 5770 24 can can MD 34823 5770 25 sell sell VB 34823 5770 26 these these DT 34823 5770 27 bills bill NNS 34823 5770 28 before before IN 34823 5770 29 maturity maturity NN 34823 5770 30 if if IN 34823 5770 31 he -PRON- PRP 34823 5770 32 wishes wish VBZ 34823 5770 33 to to TO 34823 5770 34 get get VB 34823 5770 35 even even RB 34823 5770 36 more more JJR 34823 5770 37 liquid liquid JJ 34823 5770 38 assets asset NNS 34823 5770 39 . . . 34823 5771 1 Promissory promissory JJ 34823 5771 2 notes note NNS 34823 5771 3 , , , 34823 5771 4 for for IN 34823 5771 5 short short JJ 34823 5771 6 periods period NNS 34823 5771 7 , , , 34823 5771 8 thirty thirty CD 34823 5771 9 , , , 34823 5771 10 sixty sixty CD 34823 5771 11 , , , 34823 5771 12 or or CC 34823 5771 13 ninety ninety CD 34823 5771 14 days day NNS 34823 5771 15 , , , 34823 5771 16 growing grow VBG 34823 5771 17 again again RB 34823 5771 18 out out IN 34823 5771 19 of of IN 34823 5771 20 commercial commercial JJ 34823 5771 21 transactions transaction NNS 34823 5771 22 , , , 34823 5771 23 which which WDT 34823 5771 24 , , , 34823 5771 25 like like IN 34823 5771 26 those those DT 34823 5771 27 for for IN 34823 5771 28 which which WDT 34823 5771 29 the the DT 34823 5771 30 bills bill NNS 34823 5771 31 of of IN 34823 5771 32 exchange exchange NN 34823 5771 33 were be VBD 34823 5771 34 drawn draw VBN 34823 5771 35 , , , 34823 5771 36 automatically automatically RB 34823 5771 37 bring bring VB 34823 5771 38 in in RP 34823 5771 39 cash cash NN 34823 5771 40 or or CC 34823 5771 41 the the DT 34823 5771 42 promises promise NNS 34823 5771 43 of of IN 34823 5771 44 other other JJ 34823 5771 45 banks bank NNS 34823 5771 46 , , , 34823 5771 47 are be VBP 34823 5771 48 in in IN 34823 5771 49 many many JJ 34823 5771 50 respects respect NNS 34823 5771 51 like like IN 34823 5771 52 the the DT 34823 5771 53 bills bill NNS 34823 5771 54 of of IN 34823 5771 55 exchange exchange NN 34823 5771 56 , , , 34823 5771 57 even even RB 34823 5771 58 though though IN 34823 5771 59 the the DT 34823 5771 60 rediscount rediscount NN 34823 5771 61 market market NN 34823 5771 62 for for IN 34823 5771 63 such such JJ 34823 5771 64 notes note NNS 34823 5771 65 has have VBZ 34823 5771 66 not not RB 34823 5771 67 been be VBN 34823 5771 68 so so RB 34823 5771 69 highly highly RB 34823 5771 70 developed develop VBN 34823 5771 71 as as IN 34823 5771 72 the the DT 34823 5771 73 market market NN 34823 5771 74 for for IN 34823 5771 75 bills bill NNS 34823 5771 76 of of IN 34823 5771 77 exchange exchange NN 34823 5771 78 in in IN 34823 5771 79 Europe Europe NNP 34823 5771 80 . . . 34823 5772 1 Whether whether IN 34823 5772 2 such such JJ 34823 5772 3 notes note NNS 34823 5772 4 are be VBP 34823 5772 5 as as RB 34823 5772 6 available available JJ 34823 5772 7 for for IN 34823 5772 8 rediscount rediscount NN 34823 5772 9 as as IN 34823 5772 10 bills bill NNS 34823 5772 11 of of IN 34823 5772 12 exchange exchange NN 34823 5772 13 is be VBZ 34823 5772 14 a a DT 34823 5772 15 question question NN 34823 5772 16 of of IN 34823 5772 17 technical technical JJ 34823 5772 18 banking banking NN 34823 5772 19 which which WDT 34823 5772 20 we -PRON- PRP 34823 5772 21 need need VBP 34823 5772 22 not not RB 34823 5772 23 here here RB 34823 5772 24 discuss discuss VB 34823 5772 25 in in IN 34823 5772 26 detail detail NN 34823 5772 27 , , , 34823 5772 28 though though IN 34823 5772 29 I -PRON- PRP 34823 5772 30 venture venture VBP 34823 5772 31 the the DT 34823 5772 32 opinion opinion NN 34823 5772 33 that that IN 34823 5772 34 bills bill NNS 34823 5772 35 of of IN 34823 5772 36 exchange exchange NN 34823 5772 37 are be VBP 34823 5772 38 superior superior JJ 34823 5772 39 decidedly decidedly RB 34823 5772 40 for for IN 34823 5772 41 this this DT 34823 5772 42 purpose purpose NN 34823 5772 43 , , , 34823 5772 44 especially especially RB 34823 5772 45 " " `` 34823 5772 46 documentary documentary JJ 34823 5772 47 " " '' 34823 5772 48 bills bill NNS 34823 5772 49 . . . 34823 5773 1 The the DT 34823 5773 2 element element NN 34823 5773 3 of of IN 34823 5773 4 personal personal JJ 34823 5773 5 credit credit NN 34823 5773 6 is be VBZ 34823 5773 7 commonly commonly RB 34823 5773 8 larger large JJR 34823 5773 9 in in IN 34823 5773 10 the the DT 34823 5773 11 promissory promissory JJ 34823 5773 12 note note NN 34823 5773 13 , , , 34823 5773 14 and and CC 34823 5773 15 that that DT 34823 5773 16 limits limit VBZ 34823 5773 17 the the DT 34823 5773 18 market market NN 34823 5773 19 . . . 34823 5774 1 Banking banking NN 34823 5774 2 organization organization NN 34823 5774 3 , , , 34823 5774 4 and and CC 34823 5774 5 particularly particularly RB 34823 5774 6 our -PRON- PRP$ 34823 5774 7 new new JJ 34823 5774 8 Federal Federal NNP 34823 5774 9 Reserve Reserve NNP 34823 5774 10 System System NNP 34823 5774 11 , , , 34823 5774 12 may may MD 34823 5774 13 greatly greatly RB 34823 5774 14 reduce reduce VB 34823 5774 15 the the DT 34823 5774 16 disadvantages disadvantage NNS 34823 5774 17 of of IN 34823 5774 18 the the DT 34823 5774 19 promissory promissory JJ 34823 5774 20 note note NN 34823 5774 21 from from IN 34823 5774 22 this this DT 34823 5774 23 angle angle NN 34823 5774 24 , , , 34823 5774 25 but but CC 34823 5774 26 it -PRON- PRP 34823 5774 27 seems seem VBZ 34823 5774 28 not not RB 34823 5774 29 unlikely unlikely JJ 34823 5774 30 that that IN 34823 5774 31 the the DT 34823 5774 32 bill bill NN 34823 5774 33 of of IN 34823 5774 34 exchange exchange NNP 34823 5774 35 may may MD 34823 5774 36 be be VB 34823 5774 37 a a DT 34823 5774 38 factor factor NN 34823 5774 39 of of IN 34823 5774 40 increasing increase VBG 34823 5774 41 importance importance NN 34823 5774 42 in in IN 34823 5774 43 our -PRON- PRP$ 34823 5774 44 internal internal JJ 34823 5774 45 banking banking NN 34823 5774 46 arrangements arrangement NNS 34823 5774 47 . . . 34823 5775 1 The the DT 34823 5775 2 general general JJ 34823 5775 3 test test NN 34823 5775 4 , , , 34823 5775 5 however however RB 34823 5775 6 , , , 34823 5775 7 of of IN 34823 5775 8 what what WP 34823 5775 9 is be VBZ 34823 5775 10 available available JJ 34823 5775 11 for for IN 34823 5775 12 a a DT 34823 5775 13 banker banker NN 34823 5775 14 's 's POS 34823 5775 15 assets asset NNS 34823 5775 16 depends depend VBZ 34823 5775 17 on on IN 34823 5775 18 varying vary VBG 34823 5775 19 conditions condition NNS 34823 5775 20 , , , 34823 5775 21 and and CC 34823 5775 22 is be VBZ 34823 5775 23 not not RB 34823 5775 24 to to TO 34823 5775 25 be be VB 34823 5775 26 answered answer VBN 34823 5775 27 by by IN 34823 5775 28 a a DT 34823 5775 29 simple simple JJ 34823 5775 30 formula formula NN 34823 5775 31 . . . 34823 5776 1 A a DT 34823 5776 2 bank bank NN 34823 5776 3 in in IN 34823 5776 4 a a DT 34823 5776 5 rural rural JJ 34823 5776 6 region region NN 34823 5776 7 which which WDT 34823 5776 8 loads load VBZ 34823 5776 9 up up RP 34823 5776 10 heavily heavily RB 34823 5776 11 with with IN 34823 5776 12 the the DT 34823 5776 13 safest safe JJS 34823 5776 14 local local JJ 34823 5776 15 bonds bond NNS 34823 5776 16 is be VBZ 34823 5776 17 little little RB 34823 5776 18 better well JJR 34823 5776 19 off off RP 34823 5776 20 than than IN 34823 5776 21 with with IN 34823 5776 22 farm farm NN 34823 5776 23 mortgages mortgage NNS 34823 5776 24 . . . 34823 5777 1 For for IN 34823 5777 2 neither neither DT 34823 5777 3 is be VBZ 34823 5777 4 there there EX 34823 5777 5 a a DT 34823 5777 6 quick quick JJ 34823 5777 7 market market NN 34823 5777 8 in in IN 34823 5777 9 an an DT 34823 5777 10 emergency emergency NN 34823 5777 11 . . . 34823 5778 1 A a DT 34823 5778 2 city city NN 34823 5778 3 bank bank NN 34823 5778 4 , , , 34823 5778 5 near near IN 34823 5778 6 the the DT 34823 5778 7 stock stock NN 34823 5778 8 exchange exchange NN 34823 5778 9 , , , 34823 5778 10 may may MD 34823 5778 11 very very RB 34823 5778 12 safely safely RB 34823 5778 13 buy buy VB 34823 5778 14 in in IN 34823 5778 15 large large JJ 34823 5778 16 amounts amount NNS 34823 5778 17 highly highly RB 34823 5778 18 saleable saleable JJ 34823 5778 19 as as IN 34823 5778 20 a a DT 34823 5778 21 profitable profitable JJ 34823 5778 22 substitute substitute NN 34823 5778 23 for for IN 34823 5778 24 part part NN 34823 5778 25 of of IN 34823 5778 26 its -PRON- PRP$ 34823 5778 27 cash cash NN 34823 5778 28 reserve reserve NN 34823 5778 29 . . . 34823 5779 1 Even even RB 34823 5779 2 country country NN 34823 5779 3 banks bank NNS 34823 5779 4 may may MD 34823 5779 5 , , , 34823 5779 6 and and CC 34823 5779 7 do do VB 34823 5779 8 , , , 34823 5779 9 safely safely RB 34823 5779 10 own own JJ 34823 5779 11 such such JJ 34823 5779 12 bonds bond NNS 34823 5779 13 . . . 34823 5780 1 Short short JJ 34823 5780 2 loans loan NNS 34823 5780 3 on on IN 34823 5780 4 stock stock NN 34823 5780 5 and and CC 34823 5780 6 bond bond NN 34823 5780 7 security security NN 34823 5780 8 , , , 34823 5780 9 constitute constitute VBP 34823 5780 10 the the DT 34823 5780 11 most most RBS 34823 5780 12 important important JJ 34823 5780 13 single single JJ 34823 5780 14 type type NN 34823 5780 15 of of IN 34823 5780 16 bank bank NN 34823 5780 17 - - HYPH 34823 5780 18 loan loan NN 34823 5780 19 in in IN 34823 5780 20 the the DT 34823 5780 21 United United NNP 34823 5780 22 States States NNP 34823 5780 23 , , , 34823 5780 24 as as IN 34823 5780 25 we -PRON- PRP 34823 5780 26 shall shall MD 34823 5780 27 later later RB 34823 5780 28 see see VB 34823 5780 29 . . . 34823 5781 1 ( ( -LRB- 34823 5781 2 3 3 LS 34823 5781 3 ) ) -RRB- 34823 5781 4 The the DT 34823 5781 5 third third JJ 34823 5781 6 feature feature NN 34823 5781 7 of of IN 34823 5781 8 banking banking NN 34823 5781 9 technique technique NN 34823 5781 10 to to TO 34823 5781 11 which which WDT 34823 5781 12 attention attention NN 34823 5781 13 must must MD 34823 5781 14 be be VB 34823 5781 15 given give VBN 34823 5781 16 is be VBZ 34823 5781 17 the the DT 34823 5781 18 reserve reserve NN 34823 5781 19 policy policy NN 34823 5781 20 . . . 34823 5782 1 The the DT 34823 5782 2 banker banker NN 34823 5782 3 must must MD 34823 5782 4 keep keep VB 34823 5782 5 some some DT 34823 5782 6 actual actual JJ 34823 5782 7 money money NN 34823 5782 8 on on IN 34823 5782 9 hand hand NN 34823 5782 10 ( ( -LRB- 34823 5782 11 how how WRB 34823 5782 12 much much RB 34823 5782 13 we -PRON- PRP 34823 5782 14 have have VBP 34823 5782 15 in in IN 34823 5782 16 part part NN 34823 5782 17 considered consider VBN 34823 5782 18 in in IN 34823 5782 19 Part Part NNP 34823 5782 20 II II NNP 34823 5782 21 , , , 34823 5782 22 and and CC 34823 5782 23 shall shall MD 34823 5782 24 again again RB 34823 5782 25 discuss discuss VB 34823 5782 26 ) ) -RRB- 34823 5782 27 . . . 34823 5783 1 I -PRON- PRP 34823 5783 2 shall shall MD 34823 5783 3 give give VB 34823 5783 4 attention attention NN 34823 5783 5 to to IN 34823 5783 6 these these DT 34823 5783 7 points point NNS 34823 5783 8 in in IN 34823 5783 9 what what WP 34823 5783 10 follows follow VBZ 34823 5783 11 . . . 34823 5784 1 The the DT 34823 5784 2 first first JJ 34823 5784 3 point point NN 34823 5784 4 needs need VBZ 34823 5784 5 little little JJ 34823 5784 6 discussion discussion NN 34823 5784 7 . . . 34823 5785 1 Large large JJ 34823 5785 2 " " `` 34823 5785 3 capital capital NN 34823 5785 4 " " '' 34823 5785 5 for for IN 34823 5785 6 a a DT 34823 5785 7 bank bank NN 34823 5785 8 gives give VBZ 34823 5785 9 prestige prestige NN 34823 5785 10 and and CC 34823 5785 11 security security NN 34823 5785 12 . . . 34823 5786 1 Some some DT 34823 5786 2 capital capital NN 34823 5786 3 is be VBZ 34823 5786 4 a a DT 34823 5786 5 _ _ NNP 34823 5786 6 sine sine NN 34823 5786 7 qua qua NN 34823 5786 8 non non AFX 34823 5786 9 _ _ NNP 34823 5786 10 for for IN 34823 5786 11 a a DT 34823 5786 12 bank bank NN 34823 5786 13 which which WDT 34823 5786 14 expects expect VBZ 34823 5786 15 its -PRON- PRP$ 34823 5786 16 notes note NNS 34823 5786 17 or or CC 34823 5786 18 deposit deposit NN 34823 5786 19 currency currency NN 34823 5786 20 to to TO 34823 5786 21 have have VB 34823 5786 22 general general JJ 34823 5786 23 acceptability acceptability NN 34823 5786 24 . . . 34823 5787 1 It -PRON- PRP 34823 5787 2 will will MD 34823 5787 3 be be VB 34823 5787 4 well well JJ 34823 5787 5 to to TO 34823 5787 6 consider consider VB 34823 5787 7 further further RB 34823 5787 8 the the DT 34823 5787 9 circumstances circumstance NNS 34823 5787 10 determining determine VBG 34823 5787 11 the the DT 34823 5787 12 form form NN 34823 5787 13 which which WDT 34823 5787 14 a a DT 34823 5787 15 bank bank NN 34823 5787 16 's 's POS 34823 5787 17 assets asset NNS 34823 5787 18 shall shall MD 34823 5787 19 take take VB 34823 5787 20 . . . 34823 5788 1 Though though IN 34823 5788 2 commercial commercial JJ 34823 5788 3 banks bank NNS 34823 5788 4 own own VBP 34823 5788 5 enormous enormous JJ 34823 5788 6 quantities quantity NNS 34823 5788 7 of of IN 34823 5788 8 high high JJ 34823 5788 9 grade grade NN 34823 5788 10 bonds bond NNS 34823 5788 11 , , , 34823 5788 12 it -PRON- PRP 34823 5788 13 is be VBZ 34823 5788 14 rare rare JJ 34823 5788 15 for for IN 34823 5788 16 commercial commercial JJ 34823 5788 17 banks bank NNS 34823 5788 18 in in IN 34823 5788 19 America America NNP 34823 5788 20 to to TO 34823 5788 21 buy buy VB 34823 5788 22 stocks stock NNS 34823 5788 23 of of IN 34823 5788 24 corporations corporation NNS 34823 5788 25 . . . 34823 5789 1 [ [ -LRB- 34823 5789 2 515 515 CD 34823 5789 3 ] ] -RRB- 34823 5789 4 They -PRON- PRP 34823 5789 5 will will MD 34823 5789 6 often often RB 34823 5789 7 lend lend VB 34823 5789 8 to to IN 34823 5789 9 owners owner NNS 34823 5789 10 of of IN 34823 5789 11 such such JJ 34823 5789 12 stocks stock NNS 34823 5789 13 with with IN 34823 5789 14 the the DT 34823 5789 15 stocks stock NNS 34823 5789 16 as as IN 34823 5789 17 collateral collateral NN 34823 5789 18 , , , 34823 5789 19 up up IN 34823 5789 20 to to IN 34823 5789 21 a a DT 34823 5789 22 high high JJ 34823 5789 23 percentage percentage NN 34823 5789 24 of of IN 34823 5789 25 the the DT 34823 5789 26 value value NN 34823 5789 27 of of IN 34823 5789 28 the the DT 34823 5789 29 stocks stock NNS 34823 5789 30 , , , 34823 5789 31 but but CC 34823 5789 32 they -PRON- PRP 34823 5789 33 will will MD 34823 5789 34 rarely rarely RB 34823 5789 35 trade trade VB 34823 5789 36 their -PRON- PRP$ 34823 5789 37 demand demand NN 34823 5789 38 obligations obligation NNS 34823 5789 39 for for IN 34823 5789 40 the the DT 34823 5789 41 stocks stock NNS 34823 5789 42 directly directly RB 34823 5789 43 . . . 34823 5790 1 In in IN 34823 5790 2 general general JJ 34823 5790 3 , , , 34823 5790 4 a a DT 34823 5790 5 bank bank NN 34823 5790 6 wishes wish VBZ 34823 5790 7 to to TO 34823 5790 8 have have VB 34823 5790 9 its -PRON- PRP$ 34823 5790 10 assets asset NNS 34823 5790 11 in in IN 34823 5790 12 the the DT 34823 5790 13 form form NN 34823 5790 14 of of IN 34823 5790 15 obligations obligation NNS 34823 5790 16 of of IN 34823 5790 17 other other JJ 34823 5790 18 people people NNS 34823 5790 19 , , , 34823 5790 20 expressed express VBN 34823 5790 21 in in IN 34823 5790 22 terms term NNS 34823 5790 23 of of IN 34823 5790 24 dollars dollar NNS 34823 5790 25 , , , 34823 5790 26 and and CC 34823 5790 27 having have VBG 34823 5790 28 a a DT 34823 5790 29 definite definite JJ 34823 5790 30 term term NN 34823 5790 31 to to TO 34823 5790 32 run run VB 34823 5790 33 ( ( -LRB- 34823 5790 34 or or CC 34823 5790 35 callable callable JJ 34823 5790 36 on on IN 34823 5790 37 demand demand NN 34823 5790 38 ) ) -RRB- 34823 5790 39 . . . 34823 5791 1 One one CD 34823 5791 2 reason reason NN 34823 5791 3 for for IN 34823 5791 4 this this DT 34823 5791 5 is be VBZ 34823 5791 6 a a DT 34823 5791 7 bookkeeping bookkeepe VBG 34823 5791 8 reason reason NN 34823 5791 9 . . . 34823 5792 1 " " `` 34823 5792 2 Par Par NNP 34823 5792 3 value value NN 34823 5792 4 " " '' 34823 5792 5 of of IN 34823 5792 6 stocks stock NNS 34823 5792 7 has have VBZ 34823 5792 8 little little JJ 34823 5792 9 meaning mean VBG 34823 5792 10 any any DT 34823 5792 11 more more RBR 34823 5792 12 . . . 34823 5793 1 Market market NN 34823 5793 2 - - HYPH 34823 5793 3 prices price NNS 34823 5793 4 of of IN 34823 5793 5 stocks stock NNS 34823 5793 6 , , , 34823 5793 7 even even RB 34823 5793 8 the the DT 34823 5793 9 best good JJS 34823 5793 10 stocks stock NNS 34823 5793 11 , , , 34823 5793 12 are be VBP 34823 5793 13 not not RB 34823 5793 14 absolutely absolutely RB 34823 5793 15 fixed fix VBN 34823 5793 16 . . . 34823 5794 1 They -PRON- PRP 34823 5794 2 fluctuate fluctuate VBP 34823 5794 3 , , , 34823 5794 4 even even RB 34823 5794 5 though though IN 34823 5794 6 within within IN 34823 5794 7 narrow narrow JJ 34823 5794 8 limits limit NNS 34823 5794 9 . . . 34823 5795 1 This this DT 34823 5795 2 fact fact NN 34823 5795 3 presents present VBZ 34823 5795 4 complications complication NNS 34823 5795 5 to to IN 34823 5795 6 the the DT 34823 5795 7 bookkeeper bookkeeper NN 34823 5795 8 ! ! . 34823 5796 1 Of of RB 34823 5796 2 course course RB 34823 5796 3 , , , 34823 5796 4 the the DT 34823 5796 5 bank bank NN 34823 5796 6 's 's POS 34823 5796 7 buildings building NNS 34823 5796 8 and and CC 34823 5796 9 fixtures fixture NNS 34823 5796 10 , , , 34823 5796 11 listed list VBN 34823 5796 12 among among IN 34823 5796 13 its -PRON- PRP$ 34823 5796 14 assets asset NNS 34823 5796 15 , , , 34823 5796 16 fluctuate fluctuate VB 34823 5796 17 also also RB 34823 5796 18 , , , 34823 5796 19 in in IN 34823 5796 20 value value NN 34823 5796 21 , , , 34823 5796 22 and and CC 34823 5796 23 in in IN 34823 5796 24 the the DT 34823 5796 25 price price NN 34823 5796 26 that that WDT 34823 5796 27 could could MD 34823 5796 28 be be VB 34823 5796 29 obtained obtain VBN 34823 5796 30 on on IN 34823 5796 31 a a DT 34823 5796 32 given give VBN 34823 5796 33 day day NN 34823 5796 34 , , , 34823 5796 35 but but CC 34823 5796 36 the the DT 34823 5796 37 bookkeeper bookkeeper NN 34823 5796 38 can can MD 34823 5796 39 abstract abstract VB 34823 5796 40 from from IN 34823 5796 41 that that DT 34823 5796 42 , , , 34823 5796 43 since since IN 34823 5796 44 the the DT 34823 5796 45 bank bank NN 34823 5796 46 has have VBZ 34823 5796 47 no no DT 34823 5796 48 intention intention NN 34823 5796 49 of of IN 34823 5796 50 selling sell VBG 34823 5796 51 its -PRON- PRP$ 34823 5796 52 buildings building NNS 34823 5796 53 and and CC 34823 5796 54 fixtures fixture NNS 34823 5796 55 . . . 34823 5797 1 The the DT 34823 5797 2 notes note NNS 34823 5797 3 and and CC 34823 5797 4 bills bill NNS 34823 5797 5 held hold VBN 34823 5797 6 in in IN 34823 5797 7 the the DT 34823 5797 8 bank bank NN 34823 5797 9 's 's POS 34823 5797 10 portfolios portfolio NNS 34823 5797 11 also also RB 34823 5797 12 in in IN 34823 5797 13 fact fact NN 34823 5797 14 fluctuate fluctuate NN 34823 5797 15 in in IN 34823 5797 16 value value NN 34823 5797 17 , , , 34823 5797 18 and and CC 34823 5797 19 in in IN 34823 5797 20 the the DT 34823 5797 21 price price NN 34823 5797 22 at at IN 34823 5797 23 which which WDT 34823 5797 24 they -PRON- PRP 34823 5797 25 might may MD 34823 5797 26 be be VB 34823 5797 27 sold sell VBN 34823 5797 28 on on IN 34823 5797 29 a a DT 34823 5797 30 given give VBN 34823 5797 31 day day NN 34823 5797 32 , , , 34823 5797 33 but but CC 34823 5797 34 they -PRON- PRP 34823 5797 35 are be VBP 34823 5797 36 expressed express VBN 34823 5797 37 in in IN 34823 5797 38 terms term NNS 34823 5797 39 of of IN 34823 5797 40 dollars dollar NNS 34823 5797 41 , , , 34823 5797 42 and and CC 34823 5797 43 the the DT 34823 5797 44 bookkeeper bookkeeper NN 34823 5797 45 commonly commonly RB 34823 5797 46 has have VBZ 34823 5797 47 no no DT 34823 5797 48 need need NN 34823 5797 49 to to TO 34823 5797 50 look look VB 34823 5797 51 beyond beyond IN 34823 5797 52 the the DT 34823 5797 53 figures figure NNS 34823 5797 54 written write VBN 34823 5797 55 on on IN 34823 5797 56 them -PRON- PRP 34823 5797 57 . . . 34823 5798 1 At at IN 34823 5798 2 irregular irregular JJ 34823 5798 3 intervals interval NNS 34823 5798 4 , , , 34823 5798 5 a a DT 34823 5798 6 small small JJ 34823 5798 7 percentage percentage NN 34823 5798 8 of of IN 34823 5798 9 them -PRON- PRP 34823 5798 10 may may MD 34823 5798 11 be be VB 34823 5798 12 marked mark VBN 34823 5798 13 off off RP 34823 5798 14 the the DT 34823 5798 15 books book NNS 34823 5798 16 as as IN 34823 5798 17 " " `` 34823 5798 18 bad bad JJ 34823 5798 19 , , , 34823 5798 20 " " '' 34823 5798 21 but but CC 34823 5798 22 usually usually RB 34823 5798 23 the the DT 34823 5798 24 minor minor JJ 34823 5798 25 fluctuations fluctuation NNS 34823 5798 26 are be VBP 34823 5798 27 abstracted abstract VBN 34823 5798 28 from from IN 34823 5798 29 . . . 34823 5799 1 The the DT 34823 5799 2 bank bank NN 34823 5799 3 does do VBZ 34823 5799 4 not not RB 34823 5799 5 like like VB 34823 5799 6 to to TO 34823 5799 7 have have VB 34823 5799 8 assets asset NNS 34823 5799 9 whose whose WP$ 34823 5799 10 published publish VBN 34823 5799 11 prices price NNS 34823 5799 12 fluctuate fluctuate VBP 34823 5799 13 . . . 34823 5800 1 But but CC 34823 5800 2 this this DT 34823 5800 3 is be VBZ 34823 5800 4 , , , 34823 5800 5 I -PRON- PRP 34823 5800 6 suppose suppose VBP 34823 5800 7 , , , 34823 5800 8 not not RB 34823 5800 9 the the DT 34823 5800 10 main main JJ 34823 5800 11 objection objection NN 34823 5800 12 which which WDT 34823 5800 13 banks bank NNS 34823 5800 14 have have VBP 34823 5800 15 to to IN 34823 5800 16 stocks stock NNS 34823 5800 17 as as IN 34823 5800 18 assets asset NNS 34823 5800 19 since since IN 34823 5800 20 it -PRON- PRP 34823 5800 21 does do VBZ 34823 5800 22 not not RB 34823 5800 23 prevent prevent VB 34823 5800 24 their -PRON- PRP$ 34823 5800 25 buying buying NN 34823 5800 26 bonds bond NNS 34823 5800 27 . . . 34823 5801 1 I -PRON- PRP 34823 5801 2 abstract abstract VBP 34823 5801 3 from from IN 34823 5801 4 the the DT 34823 5801 5 legal legal JJ 34823 5801 6 restrictions restriction NNS 34823 5801 7 that that WDT 34823 5801 8 prevent prevent VBP 34823 5801 9 many many JJ 34823 5801 10 banks bank NNS 34823 5801 11 from from IN 34823 5801 12 buying buy VBG 34823 5801 13 stocks stock NNS 34823 5801 14 . . . 34823 5802 1 The the DT 34823 5802 2 fundamental fundamental JJ 34823 5802 3 reason reason NN 34823 5802 4 is be VBZ 34823 5802 5 to to TO 34823 5802 6 be be VB 34823 5802 7 found find VBN 34823 5802 8 elsewhere elsewhere RB 34823 5802 9 . . . 34823 5803 1 The the DT 34823 5803 2 point point NN 34823 5803 3 is be VBZ 34823 5803 4 to to TO 34823 5803 5 be be VB 34823 5803 6 found find VBN 34823 5803 7 here here RB 34823 5803 8 : : : 34823 5803 9 the the DT 34823 5803 10 transaction transaction NN 34823 5803 11 whereby whereby WRB 34823 5803 12 property property NN 34823 5803 13 rights right NNS 34823 5803 14 in in IN 34823 5803 15 roadbed roadbed NN 34823 5803 16 , , , 34823 5803 17 rolling roll VBG 34823 5803 18 stock stock NN 34823 5803 19 , , , 34823 5803 20 etc etc FW 34823 5803 21 . . NN 34823 5803 22 , , , 34823 5803 23 were be VBD 34823 5803 24 collected collect VBN 34823 5803 25 into into IN 34823 5803 26 property property NN 34823 5803 27 rights right NNS 34823 5803 28 in in IN 34823 5803 29 a a DT 34823 5803 30 going going JJ 34823 5803 31 , , , 34823 5803 32 organic organic JJ 34823 5803 33 whole whole NN 34823 5803 34 increased increase VBD 34823 5803 35 the the DT 34823 5803 36 saleability saleability NN 34823 5803 37 of of IN 34823 5803 38 all all PDT 34823 5803 39 these these DT 34823 5803 40 rights right NNS 34823 5803 41 ; ; : 34823 5803 42 the the DT 34823 5803 43 further further JJ 34823 5803 44 subdivision subdivision NN 34823 5803 45 of of IN 34823 5803 46 these these DT 34823 5803 47 rights right NNS 34823 5803 48 into into IN 34823 5803 49 many many JJ 34823 5803 50 thousands thousand NNS 34823 5803 51 of of IN 34823 5803 52 equal equal JJ 34823 5803 53 parts part NNS 34823 5803 54 enormously enormously RB 34823 5803 55 increased increase VBD 34823 5803 56 the the DT 34823 5803 57 saleability saleability NN 34823 5803 58 of of IN 34823 5803 59 these these DT 34823 5803 60 rights right NNS 34823 5803 61 , , , 34823 5803 62 especially especially RB 34823 5803 63 when when WRB 34823 5803 64 coupled couple VBN 34823 5803 65 with with IN 34823 5803 66 listing listing NN 34823 5803 67 in in IN 34823 5803 68 an an DT 34823 5803 69 organized organized JJ 34823 5803 70 market market NN 34823 5803 71 ; ; : 34823 5803 72 the the DT 34823 5803 73 further further JJ 34823 5803 74 transaction transaction NN 34823 5803 75 , , , 34823 5803 76 by by IN 34823 5803 77 which which WDT 34823 5803 78 a a DT 34823 5803 79 preferential preferential JJ 34823 5803 80 claim claim NN 34823 5803 81 upon upon IN 34823 5803 82 these these DT 34823 5803 83 subdivisions subdivision NNS 34823 5803 84 of of IN 34823 5803 85 rights right NNS 34823 5803 86 is be VBZ 34823 5803 87 embodied embody VBN 34823 5803 88 in in IN 34823 5803 89 a a DT 34823 5803 90 collateral collateral JJ 34823 5803 91 note note NN 34823 5803 92 still still RB 34823 5803 93 further further RB 34823 5803 94 increases increase VBZ 34823 5803 95 the the DT 34823 5803 96 saleability saleability NN 34823 5803 97 of of IN 34823 5803 98 the the DT 34823 5803 99 value value NN 34823 5803 100 of of IN 34823 5803 101 these these DT 34823 5803 102 rights right NNS 34823 5803 103 . . . 34823 5804 1 The the DT 34823 5804 2 whole whole NN 34823 5804 3 of of IN 34823 5804 4 the the DT 34823 5804 5 value value NN 34823 5804 6 embodied embody VBN 34823 5804 7 in in IN 34823 5804 8 a a DT 34823 5804 9 share share NN 34823 5804 10 of of IN 34823 5804 11 stock stock NN 34823 5804 12 has have VBZ 34823 5804 13 not not RB 34823 5804 14 the the DT 34823 5804 15 certainty certainty NN 34823 5804 16 and and CC 34823 5804 17 saleability saleability NN 34823 5804 18 which which WDT 34823 5804 19 a a DT 34823 5804 20 banker banker NN 34823 5804 21 wishes wish VBZ 34823 5804 22 for for IN 34823 5804 23 his -PRON- PRP$ 34823 5804 24 assets asset NNS 34823 5804 25 . . . 34823 5805 1 It -PRON- PRP 34823 5805 2 might may MD 34823 5805 3 not not RB 34823 5805 4 be be VB 34823 5805 5 possible possible JJ 34823 5805 6 to to TO 34823 5805 7 market market VB 34823 5805 8 the the DT 34823 5805 9 stock stock NN 34823 5805 10 on on IN 34823 5805 11 a a DT 34823 5805 12 given give VBN 34823 5805 13 day day NN 34823 5805 14 without without IN 34823 5805 15 loss loss NN 34823 5805 16 . . . 34823 5806 1 But but CC 34823 5806 2 a a DT 34823 5806 3 collateral collateral JJ 34823 5806 4 note note NN 34823 5806 5 , , , 34823 5806 6 embodying embody VBG 34823 5806 7 80 80 CD 34823 5806 8 % % NN 34823 5806 9 of of IN 34823 5806 10 that that DT 34823 5806 11 value value NN 34823 5806 12 , , , 34823 5806 13 with with IN 34823 5806 14 provision provision NN 34823 5806 15 for for IN 34823 5806 16 additional additional JJ 34823 5806 17 collateral collateral NN 34823 5806 18 in in IN 34823 5806 19 case case NN 34823 5806 20 the the DT 34823 5806 21 margin margin NN 34823 5806 22 is be VBZ 34823 5806 23 reduced reduce VBN 34823 5806 24 , , , 34823 5806 25 is be VBZ 34823 5806 26 highly highly RB 34823 5806 27 liquid liquid JJ 34823 5806 28 and and CC 34823 5806 29 the the DT 34823 5806 30 banker banker NN 34823 5806 31 has have VBZ 34823 5806 32 no no DT 34823 5806 33 doubt doubt NN 34823 5806 34 that that IN 34823 5806 35 , , , 34823 5806 36 with with IN 34823 5806 37 watchfulness watchfulness NN 34823 5806 38 , , , 34823 5806 39 he -PRON- PRP 34823 5806 40 can can MD 34823 5806 41 always always RB 34823 5806 42 realize realize VB 34823 5806 43 the the DT 34823 5806 44 full full JJ 34823 5806 45 face face NN 34823 5806 46 value value NN 34823 5806 47 of of IN 34823 5806 48 such such PDT 34823 5806 49 a a DT 34823 5806 50 note note NN 34823 5806 51 . . . 34823 5807 1 It -PRON- PRP 34823 5807 2 becomes become VBZ 34823 5807 3 saleable saleable JJ 34823 5807 4 enough enough RB 34823 5807 5 for for IN 34823 5807 6 his -PRON- PRP$ 34823 5807 7 purposes purpose NNS 34823 5807 8 . . . 34823 5808 1 The the DT 34823 5808 2 transaction transaction NN 34823 5808 3 by by IN 34823 5808 4 which which WDT 34823 5808 5 this this DT 34823 5808 6 note note NN 34823 5808 7 is be VBZ 34823 5808 8 exchanged exchange VBN 34823 5808 9 for for IN 34823 5808 10 the the DT 34823 5808 11 banker banker NN 34823 5808 12 's 's POS 34823 5808 13 demand demand NN 34823 5808 14 obligation obligation NN 34823 5808 15 gives give VBZ 34823 5808 16 the the DT 34823 5808 17 drawer drawer NN 34823 5808 18 of of IN 34823 5808 19 the the DT 34823 5808 20 collateral collateral NN 34823 5808 21 note note VBP 34823 5808 22 a a DT 34823 5808 23 perfectly perfectly RB 34823 5808 24 saleable saleable JJ 34823 5808 25 form form NN 34823 5808 26 of of IN 34823 5808 27 value value NN 34823 5808 28 with with IN 34823 5808 29 an an DT 34823 5808 30 almost almost RB 34823 5808 31 universal universal JJ 34823 5808 32 market market NN 34823 5808 33 , , , 34823 5808 34 which which WDT 34823 5808 35 he -PRON- PRP 34823 5808 36 can can MD 34823 5808 37 convert convert VB 34823 5808 38 without without IN 34823 5808 39 loss loss NN 34823 5808 40 into into IN 34823 5808 41 practically practically RB 34823 5808 42 anything anything NN 34823 5808 43 that that WDT 34823 5808 44 money money NN 34823 5808 45 can can MD 34823 5808 46 buy buy VB 34823 5808 47 . . . 34823 5809 1 We -PRON- PRP 34823 5809 2 have have VBP 34823 5809 3 here here RB 34823 5809 4 a a DT 34823 5809 5 series series NN 34823 5809 6 , , , 34823 5809 7 a a DT 34823 5809 8 scale scale NN 34823 5809 9 , , , 34823 5809 10 saleability saleability NN 34823 5809 11 of of IN 34823 5809 12 rights right NNS 34823 5809 13 growing grow VBG 34823 5809 14 steadily steadily RB 34823 5809 15 greater great JJR 34823 5809 16 , , , 34823 5809 17 through through IN 34823 5809 18 a a DT 34823 5809 19 series series NN 34823 5809 20 of of IN 34823 5809 21 transformations transformation NNS 34823 5809 22 and and CC 34823 5809 23 exchanges exchange NNS 34823 5809 24 , , , 34823 5809 25 till till IN 34823 5809 26 at at IN 34823 5809 27 last last JJ 34823 5809 28 the the DT 34823 5809 29 virtually virtually RB 34823 5809 30 perfect perfect JJ 34823 5809 31 saleability saleability NN 34823 5809 32 is be VBZ 34823 5809 33 reached reach VBN 34823 5809 34 . . . 34823 5810 1 Again again RB 34823 5810 2 we -PRON- PRP 34823 5810 3 are be VBP 34823 5810 4 reminded remind VBN 34823 5810 5 of of IN 34823 5810 6 Menger Menger NNP 34823 5810 7 's 's POS 34823 5810 8 analysis[516 analysis[516 NN 34823 5810 9 ] ] -RRB- 34823 5810 10 of of IN 34823 5810 11 the the DT 34823 5810 12 methods method NNS 34823 5810 13 of of IN 34823 5810 14 primitive primitive JJ 34823 5810 15 barter barter NN 34823 5810 16 , , , 34823 5810 17 whereby whereby WRB 34823 5810 18 the the DT 34823 5810 19 man man NN 34823 5810 20 who who WP 34823 5810 21 possesses possess VBZ 34823 5810 22 a a DT 34823 5810 23 good good NN 34823 5810 24 of of IN 34823 5810 25 low low JJ 34823 5810 26 saleability saleability NN 34823 5810 27 , , , 34823 5810 28 through through IN 34823 5810 29 successive successive JJ 34823 5810 30 exchanges exchange NNS 34823 5810 31 , , , 34823 5810 32 gradually gradually RB 34823 5810 33 gets get VBZ 34823 5810 34 goods good NNS 34823 5810 35 of of IN 34823 5810 36 higher high JJR 34823 5810 37 and and CC 34823 5810 38 higher high JJR 34823 5810 39 saleability saleability NN 34823 5810 40 , , , 34823 5810 41 until until IN 34823 5810 42 he -PRON- PRP 34823 5810 43 finally finally RB 34823 5810 44 reaches reach VBZ 34823 5810 45 his -PRON- PRP$ 34823 5810 46 goal goal NN 34823 5810 47 . . . 34823 5811 1 Bank bank NN 34823 5811 2 - - HYPH 34823 5811 3 credit credit NN 34823 5811 4 , , , 34823 5811 5 this this DT 34823 5811 6 most most RBS 34823 5811 7 highly highly RB 34823 5811 8 saleable saleable JJ 34823 5811 9 of of IN 34823 5811 10 all all DT 34823 5811 11 forms form NNS 34823 5811 12 of of IN 34823 5811 13 rights right NNS 34823 5811 14 except except IN 34823 5811 15 the the DT 34823 5811 16 rights right NNS 34823 5811 17 to to IN 34823 5811 18 actual actual JJ 34823 5811 19 money money NN 34823 5811 20 in in IN 34823 5811 21 hand hand NN 34823 5811 22 , , , 34823 5811 23 and and CC 34823 5811 24 in in IN 34823 5811 25 general general JJ 34823 5811 26 not not RB 34823 5811 27 inferior inferior JJ 34823 5811 28 to to IN 34823 5811 29 money money NN 34823 5811 30 , , , 34823 5811 31 can can MD 34823 5811 32 not not RB 34823 5811 33 usually usually RB 34823 5811 34 be be VB 34823 5811 35 had have VBN 34823 5811 36 by by IN 34823 5811 37 direct direct JJ 34823 5811 38 offer offer NN 34823 5811 39 to to IN 34823 5811 40 the the DT 34823 5811 41 bank bank NN 34823 5811 42 of of IN 34823 5811 43 crude crude JJ 34823 5811 44 property property NN 34823 5811 45 rights right NNS 34823 5811 46 . . . 34823 5812 1 These these DT 34823 5812 2 must must MD 34823 5812 3 be be VB 34823 5812 4 refined refine VBN 34823 5812 5 and and CC 34823 5812 6 distilled distil VBN 34823 5812 7 , , , 34823 5812 8 till till IN 34823 5812 9 a a DT 34823 5812 10 central central JJ 34823 5812 11 core core NN 34823 5812 12 of of IN 34823 5812 13 highly highly RB 34823 5812 14 saleable saleable JJ 34823 5812 15 value value NN 34823 5812 16 emerges emerge VBZ 34823 5812 17 , , , 34823 5812 18 and and CC 34823 5812 19 then then RB 34823 5812 20 they -PRON- PRP 34823 5812 21 may may MD 34823 5812 22 enter enter VB 34823 5812 23 the the DT 34823 5812 24 bank bank NN 34823 5812 25 's 's POS 34823 5812 26 assets asset NNS 34823 5812 27 in in IN 34823 5812 28 return return NN 34823 5812 29 for for IN 34823 5812 30 bank bank NN 34823 5812 31 - - HYPH 34823 5812 32 credit credit NN 34823 5812 33 . . . 34823 5813 1 The the DT 34823 5813 2 best good JJS 34823 5813 3 bonds bond NNS 34823 5813 4 likewise likewise RB 34823 5813 5 offer offer VBP 34823 5813 6 such such PDT 34823 5813 7 a a DT 34823 5813 8 central central JJ 34823 5813 9 core core NN 34823 5813 10 of of IN 34823 5813 11 highly highly RB 34823 5813 12 saleable saleable JJ 34823 5813 13 value value NN 34823 5813 14 . . . 34823 5814 1 A a DT 34823 5814 2 further further JJ 34823 5814 3 point point NN 34823 5814 4 is be VBZ 34823 5814 5 to to TO 34823 5814 6 be be VB 34823 5814 7 noticed notice VBN 34823 5814 8 about about IN 34823 5814 9 this this DT 34823 5814 10 scale scale NN 34823 5814 11 of of IN 34823 5814 12 saleabilities saleabilitie NNS 34823 5814 13 . . . 34823 5815 1 At at IN 34823 5815 2 each each DT 34823 5815 3 stage stage NN 34823 5815 4 of of IN 34823 5815 5 the the DT 34823 5815 6 exchanges exchange NNS 34823 5815 7 of of IN 34823 5815 8 less less RBR 34823 5815 9 saleable saleable JJ 34823 5815 10 for for IN 34823 5815 11 more more RBR 34823 5815 12 saleable saleable JJ 34823 5815 13 rights right NNS 34823 5815 14 , , , 34823 5815 15 the the DT 34823 5815 16 holder holder NN 34823 5815 17 of of IN 34823 5815 18 the the DT 34823 5815 19 less less RBR 34823 5815 20 saleable saleable JJ 34823 5815 21 rights right NNS 34823 5815 22 must must MD 34823 5815 23 make make VB 34823 5815 24 concessions concession NNS 34823 5815 25 to to IN 34823 5815 26 the the DT 34823 5815 27 holder holder NN 34823 5815 28 of of IN 34823 5815 29 the the DT 34823 5815 30 more more RBR 34823 5815 31 saleable saleable JJ 34823 5815 32 rights right NNS 34823 5815 33 . . . 34823 5816 1 And and CC 34823 5816 2 the the DT 34823 5816 3 degree degree NN 34823 5816 4 of of IN 34823 5816 5 his -PRON- PRP$ 34823 5816 6 concession concession NN 34823 5816 7 is be VBZ 34823 5816 8 , , , 34823 5816 9 in in IN 34823 5816 10 general general JJ 34823 5816 11 , , , 34823 5816 12 correlated correlate VBD 34823 5816 13 with with IN 34823 5816 14 the the DT 34823 5816 15 lack lack NN 34823 5816 16 of of IN 34823 5816 17 saleability saleability NN 34823 5816 18 of of IN 34823 5816 19 what what WP 34823 5816 20 he -PRON- PRP 34823 5816 21 offers offer VBZ 34823 5816 22 . . . 34823 5817 1 Commonly commonly RB 34823 5817 2 this this DT 34823 5817 3 takes take VBZ 34823 5817 4 the the DT 34823 5817 5 form form NN 34823 5817 6 of of IN 34823 5817 7 giving give VBG 34823 5817 8 up up RP 34823 5817 9 a a DT 34823 5817 10 right right NN 34823 5817 11 which which WDT 34823 5817 12 has have VBZ 34823 5817 13 a a DT 34823 5817 14 higher high JJR 34823 5817 15 yield yield NN 34823 5817 16 for for IN 34823 5817 17 one one CD 34823 5817 18 which which WDT 34823 5817 19 has have VBZ 34823 5817 20 a a DT 34823 5817 21 lower low JJR 34823 5817 22 yield yield NN 34823 5817 23 . . . 34823 5818 1 Or or CC 34823 5818 2 , , , 34823 5818 3 viewed view VBD 34823 5818 4 more more RBR 34823 5818 5 fundamentally fundamentally RB 34823 5818 6 , , , 34823 5818 7 from from IN 34823 5818 8 the the DT 34823 5818 9 angle angle NN 34823 5818 10 of of IN 34823 5818 11 the the DT 34823 5818 12 capitalization capitalization NN 34823 5818 13 theory theory NN 34823 5818 14 , , , 34823 5818 15 income income NN 34823 5818 16 - - HYPH 34823 5818 17 bearers bearer NNS 34823 5818 18 of of IN 34823 5818 19 low low JJ 34823 5818 20 saleability saleability NN 34823 5818 21 are be VBP 34823 5818 22 capitalized capitalize VBN 34823 5818 23 at at IN 34823 5818 24 a a DT 34823 5818 25 higher high JJR 34823 5818 26 discount discount NN 34823 5818 27 rate rate NN 34823 5818 28 than than IN 34823 5818 29 income income NN 34823 5818 30 - - HYPH 34823 5818 31 bearers bearer NNS 34823 5818 32 of of IN 34823 5818 33 higher high JJR 34823 5818 34 saleability saleability NN 34823 5818 35 , , , 34823 5818 36 with with IN 34823 5818 37 the the DT 34823 5818 38 same same JJ 34823 5818 39 yield yield NN 34823 5818 40 . . . 34823 5819 1 Farm farm NN 34823 5819 2 lands land NNS 34823 5819 3 may may MD 34823 5819 4 be be VB 34823 5819 5 capitalized capitalize VBN 34823 5819 6 on on IN 34823 5819 7 a a DT 34823 5819 8 10 10 CD 34823 5819 9 % % NN 34823 5819 10 basis basis NN 34823 5819 11 . . . 34823 5820 1 ( ( -LRB- 34823 5820 2 There there EX 34823 5820 3 will will MD 34823 5820 4 be be VB 34823 5820 5 great great JJ 34823 5820 6 differences difference NNS 34823 5820 7 between between IN 34823 5820 8 regions region NNS 34823 5820 9 in in IN 34823 5820 10 this this DT 34823 5820 11 , , , 34823 5820 12 depending depend VBG 34823 5820 13 in in IN 34823 5820 14 considerable considerable JJ 34823 5820 15 measure measure NN 34823 5820 16 , , , 34823 5820 17 often often RB 34823 5820 18 , , , 34823 5820 19 on on IN 34823 5820 20 the the DT 34823 5820 21 activity activity NN 34823 5820 22 of of IN 34823 5820 23 farm farm NN 34823 5820 24 sales sale NNS 34823 5820 25 . . . 34823 5821 1 I -PRON- PRP 34823 5821 2 would would MD 34823 5821 3 refer refer VB 34823 5821 4 here here RB 34823 5821 5 to to IN 34823 5821 6 the the DT 34823 5821 7 facts fact NNS 34823 5821 8 mentioned mention VBN 34823 5821 9 in in IN 34823 5821 10 my -PRON- PRP$ 34823 5821 11 chapter chapter NN 34823 5821 12 on on IN 34823 5821 13 " " `` 34823 5821 14 The the DT 34823 5821 15 Quantity Quantity NNP 34823 5821 16 Theory Theory NNP 34823 5821 17 and and CC 34823 5821 18 International International NNP 34823 5821 19 Gold Gold NNP 34823 5821 20 Movements Movements NNPS 34823 5821 21 , , , 34823 5821 22 " " '' 34823 5821 23 contrasting contrast VBG 34823 5821 24 Cass Cass NNP 34823 5821 25 Co. Co. NNP 34823 5821 26 , , , 34823 5821 27 Iowa Iowa NNP 34823 5821 28 , , , 34823 5821 29 with with IN 34823 5821 30 Yazoo Yazoo NNP 34823 5821 31 Co. Co. NNP 34823 5821 32 , , , 34823 5821 33 Mississippi Mississippi NNP 34823 5821 34 . . . 34823 5822 1 Of of RB 34823 5822 2 course course RB 34823 5822 3 , , , 34823 5822 4 the the DT 34823 5822 5 risks risk NNS 34823 5822 6 of of IN 34823 5822 7 agriculture agriculture NN 34823 5822 8 count count VB 34823 5822 9 heavily heavily RB 34823 5822 10 , , , 34823 5822 11 also also RB 34823 5822 12 , , , 34823 5822 13 and and CC 34823 5822 14 the the DT 34823 5822 15 prestige prestige NN 34823 5822 16 of of IN 34823 5822 17 owning own VBG 34823 5822 18 land land NN 34823 5822 19 as as IN 34823 5822 20 compared compare VBN 34823 5822 21 with with IN 34823 5822 22 other other JJ 34823 5822 23 forms form NNS 34823 5822 24 of of IN 34823 5822 25 property property NN 34823 5822 26 . . . 34823 5822 27 ) ) -RRB- 34823 5823 1 The the DT 34823 5823 2 farmer farmer NN 34823 5823 3 's 's POS 34823 5823 4 mortgage mortgage NN 34823 5823 5 note note NN 34823 5823 6 may may MD 34823 5823 7 bear bear VB 34823 5823 8 7 7 CD 34823 5823 9 % % NN 34823 5823 10 . . . 34823 5824 1 A a DT 34823 5824 2 merchant merchant NN 34823 5824 3 who who WP 34823 5824 4 holds hold VBZ 34823 5824 5 that that IN 34823 5824 6 note note NN 34823 5824 7 may may MD 34823 5824 8 use use VB 34823 5824 9 it -PRON- PRP 34823 5824 10 as as IN 34823 5824 11 collateral collateral NN 34823 5824 12 , , , 34823 5824 13 with with IN 34823 5824 14 a a DT 34823 5824 15 margin margin NN 34823 5824 16 , , , 34823 5824 17 backing back VBG 34823 5824 18 his -PRON- PRP$ 34823 5824 19 own own JJ 34823 5824 20 note note NN 34823 5824 21 , , , 34823 5824 22 and and CC 34823 5824 23 get get VB 34823 5824 24 accommodation accommodation NN 34823 5824 25 for for IN 34823 5824 26 three three CD 34823 5824 27 months month NNS 34823 5824 28 at at IN 34823 5824 29 6 6 CD 34823 5824 30 % % NN 34823 5824 31 . . . 34823 5825 1 The the DT 34823 5825 2 bank bank NN 34823 5825 3 may may MD 34823 5825 4 rediscount rediscount VB 34823 5825 5 the the DT 34823 5825 6 note note NN 34823 5825 7 of of IN 34823 5825 8 the the DT 34823 5825 9 merchant merchant NN 34823 5825 10 , , , 34823 5825 11 giving give VBG 34823 5825 12 it -PRON- PRP 34823 5825 13 its -PRON- PRP$ 34823 5825 14 own own JJ 34823 5825 15 endorsement endorsement NN 34823 5825 16 , , , 34823 5825 17 on on IN 34823 5825 18 a a DT 34823 5825 19 4 4 CD 34823 5825 20 - - SYM 34823 5825 21 1/2 1/2 CD 34823 5825 22 % % NN 34823 5825 23 basis basis NN 34823 5825 24 . . . 34823 5826 1 The the DT 34823 5826 2 coal coal NN 34823 5826 3 mine mine NN 34823 5826 4 owned own VBN 34823 5826 5 by by IN 34823 5826 6 a a DT 34823 5826 7 small small JJ 34823 5826 8 company company NN 34823 5826 9 may may MD 34823 5826 10 yield yield VB 34823 5826 11 12 12 CD 34823 5826 12 % % NN 34823 5826 13 ; ; , 34823 5826 14 sold sell VBN 34823 5826 15 to to IN 34823 5826 16 a a DT 34823 5826 17 large large JJ 34823 5826 18 iron iron NN 34823 5826 19 company company NN 34823 5826 20 , , , 34823 5826 21 which which WDT 34823 5826 22 combines combine VBZ 34823 5826 23 mining mining NN 34823 5826 24 and and CC 34823 5826 25 smelting smelting NN 34823 5826 26 and and CC 34823 5826 27 manufacturing manufacturing NN 34823 5826 28 , , , 34823 5826 29 that that DT 34823 5826 30 mine -PRON- PRP 34823 5826 31 may may MD 34823 5826 32 be be VB 34823 5826 33 represented represent VBN 34823 5826 34 by by IN 34823 5826 35 7 7 CD 34823 5826 36 % % NN 34823 5826 37 stock stock NN 34823 5826 38 ; ; : 34823 5826 39 a a DT 34823 5826 40 collateral collateral JJ 34823 5826 41 loan loan NN 34823 5826 42 , , , 34823 5826 43 for for IN 34823 5826 44 sixty sixty CD 34823 5826 45 days day NNS 34823 5826 46 , , , 34823 5826 47 based base VBN 34823 5826 48 on on IN 34823 5826 49 80 80 CD 34823 5826 50 % % NN 34823 5826 51 of of IN 34823 5826 52 the the DT 34823 5826 53 value value NN 34823 5826 54 of of IN 34823 5826 55 the the DT 34823 5826 56 stock stock NN 34823 5826 57 may may MD 34823 5826 58 be be VB 34823 5826 59 had have VBN 34823 5826 60 for for IN 34823 5826 61 4 4 CD 34823 5826 62 % % NN 34823 5826 63 ; ; , 34823 5826 64 the the DT 34823 5826 65 demand demand NN 34823 5826 66 liability liability NN 34823 5826 67 of of IN 34823 5826 68 the the DT 34823 5826 69 bank bank NN 34823 5826 70 given give VBN 34823 5826 71 in in IN 34823 5826 72 exchange exchange NN 34823 5826 73 for for IN 34823 5826 74 the the DT 34823 5826 75 collateral collateral JJ 34823 5826 76 note note NN 34823 5826 77 will will MD 34823 5826 78 either either CC 34823 5826 79 yield yield VB 34823 5826 80 nothing nothing NN 34823 5826 81 at at RB 34823 5826 82 all all RB 34823 5826 83 , , , 34823 5826 84 or or CC 34823 5826 85 else else RB 34823 5826 86 yield yield VB 34823 5826 87 a a DT 34823 5826 88 low low JJ 34823 5826 89 per per IN 34823 5826 90 cent cent NN 34823 5826 91 , , , 34823 5826 92 one one CD 34823 5826 93 , , , 34823 5826 94 one one CD 34823 5826 95 and and CC 34823 5826 96 a a DT 34823 5826 97 half half NN 34823 5826 98 , , , 34823 5826 99 or or CC 34823 5826 100 2 2 CD 34823 5826 101 % % NN 34823 5826 102 , , , 34823 5826 103 on on IN 34823 5826 104 large large JJ 34823 5826 105 checking checking NN 34823 5826 106 accounts account NNS 34823 5826 107 . . . 34823 5827 1 If if IN 34823 5827 2 the the DT 34823 5827 3 collateral collateral NN 34823 5827 4 note note NN 34823 5827 5 be be VB 34823 5827 6 a a DT 34823 5827 7 call call NN 34823 5827 8 note note NN 34823 5827 9 , , , 34823 5827 10 the the DT 34823 5827 11 rate rate NN 34823 5827 12 will will MD 34823 5827 13 be be VB 34823 5827 14 lower low JJR 34823 5827 15 , , , 34823 5827 16 in in IN 34823 5827 17 general general JJ 34823 5827 18 , , , 34823 5827 19 than than IN 34823 5827 20 on on IN 34823 5827 21 a a DT 34823 5827 22 time time NN 34823 5827 23 note note NN 34823 5827 24 . . . 34823 5828 1 I -PRON- PRP 34823 5828 2 here here RB 34823 5828 3 refer refer VBP 34823 5828 4 to to IN 34823 5828 5 what what WP 34823 5828 6 was be VBD 34823 5828 7 said say VBN 34823 5828 8 in in IN 34823 5828 9 the the DT 34823 5828 10 chapter chapter NN 34823 5828 11 on on IN 34823 5828 12 the the DT 34823 5828 13 functions function NNS 34823 5828 14 of of IN 34823 5828 15 money money NN 34823 5828 16 with with IN 34823 5828 17 reference reference NN 34823 5828 18 to to IN 34823 5828 19 the the DT 34823 5828 20 relation relation NN 34823 5828 21 of of IN 34823 5828 22 short short JJ 34823 5828 23 loans loan NNS 34823 5828 24 , , , 34823 5828 25 especially especially RB 34823 5828 26 call call VBP 34823 5828 27 loans loan NNS 34823 5828 28 , , , 34823 5828 29 to to IN 34823 5828 30 the the DT 34823 5828 31 " " `` 34823 5828 32 bearer bearer NN 34823 5828 33 of of IN 34823 5828 34 options option NNS 34823 5828 35 " " `` 34823 5828 36 function function NN 34823 5828 37 of of IN 34823 5828 38 money money NN 34823 5828 39 . . . 34823 5829 1 Part part NN 34823 5829 2 of of IN 34823 5829 3 the the DT 34823 5829 4 yields yield NNS 34823 5829 5 of of IN 34823 5829 6 these these DT 34823 5829 7 loans loan NNS 34823 5829 8 is be VBZ 34823 5829 9 in in IN 34823 5829 10 the the DT 34823 5829 11 bearing bearing NN 34823 5829 12 of of IN 34823 5829 13 options option NNS 34823 5829 14 . . . 34823 5830 1 This this DT 34823 5830 2 function function NN 34823 5830 3 grows grow VBZ 34823 5830 4 out out IN 34823 5830 5 of of IN 34823 5830 6 the the DT 34823 5830 7 uncertainties uncertainty NNS 34823 5830 8 of of IN 34823 5830 9 a a DT 34823 5830 10 dynamic dynamic JJ 34823 5830 11 market market NN 34823 5830 12 . . . 34823 5831 1 It -PRON- PRP 34823 5831 2 would would MD 34823 5831 3 disappear disappear VB 34823 5831 4 if if IN 34823 5831 5 uncertainties uncertainty NNS 34823 5831 6 , , , 34823 5831 7 " " '' 34823 5831 8 friction friction NN 34823 5831 9 , , , 34823 5831 10 " " '' 34823 5831 11 and and CC 34823 5831 12 dangers danger NNS 34823 5831 13 disappeared disappear VBD 34823 5831 14 . . . 34823 5832 1 The the DT 34823 5832 2 importance importance NN 34823 5832 3 of of IN 34823 5832 4 liquidity liquidity NN 34823 5832 5 and and CC 34823 5832 6 saleability saleability NN 34823 5832 7 in in IN 34823 5832 8 the the DT 34823 5832 9 assets asset NNS 34823 5832 10 of of IN 34823 5832 11 a a DT 34823 5832 12 banker banker NN 34823 5832 13 needs need VBZ 34823 5832 14 little little JJ 34823 5832 15 discussion discussion NN 34823 5832 16 . . . 34823 5833 1 It -PRON- PRP 34823 5833 2 has have VBZ 34823 5833 3 been be VBN 34823 5833 4 reiterated reiterate VBN 34823 5833 5 by by IN 34823 5833 6 virtually virtually RB 34823 5833 7 every every DT 34823 5833 8 writer writer NN 34823 5833 9 on on IN 34823 5833 10 the the DT 34823 5833 11 subject subject NN 34823 5833 12 . . . 34823 5834 1 Its -PRON- PRP$ 34823 5834 2 connection connection NN 34823 5834 3 with with IN 34823 5834 4 the the DT 34823 5834 5 need need NN 34823 5834 6 for for IN 34823 5834 7 meeting meet VBG 34823 5834 8 demand demand NN 34823 5834 9 obligations obligation NNS 34823 5834 10 is be VBZ 34823 5834 11 obvious obvious JJ 34823 5834 12 . . . 34823 5835 1 The the DT 34823 5835 2 point point NN 34823 5835 3 that that WDT 34823 5835 4 I -PRON- PRP 34823 5835 5 would would MD 34823 5835 6 here here RB 34823 5835 7 emphasize emphasize VB 34823 5835 8 is be VBZ 34823 5835 9 , , , 34823 5835 10 however however RB 34823 5835 11 , , , 34823 5835 12 that that IN 34823 5835 13 this this DT 34823 5835 14 , , , 34823 5835 15 too too RB 34823 5835 16 , , , 34823 5835 17 grows grow VBZ 34823 5835 18 out out IN 34823 5835 19 of of IN 34823 5835 20 dynamic dynamic JJ 34823 5835 21 changes change NNS 34823 5835 22 , , , 34823 5835 23 uncertainties uncertainty NNS 34823 5835 24 , , , 34823 5835 25 etc etc FW 34823 5835 26 . . . 34823 5836 1 An an DT 34823 5836 2 economic economic JJ 34823 5836 3 life life NN 34823 5836 4 in in IN 34823 5836 5 " " `` 34823 5836 6 normal normal JJ 34823 5836 7 equilibrium equilibrium NN 34823 5836 8 , , , 34823 5836 9 " " '' 34823 5836 10 in in IN 34823 5836 11 static static JJ 34823 5836 12 balance balance NN 34823 5836 13 , , , 34823 5836 14 with with IN 34823 5836 15 all all DT 34823 5836 16 things thing NNS 34823 5836 17 going go VBG 34823 5836 18 smoothly smoothly RB 34823 5836 19 , , , 34823 5836 20 in in IN 34823 5836 21 anticipated anticipated JJ 34823 5836 22 ways way NNS 34823 5836 23 , , , 34823 5836 24 could could MD 34823 5836 25 dispense dispense VB 34823 5836 26 in in IN 34823 5836 27 large large JJ 34823 5836 28 measure measure NN 34823 5836 29 , , , 34823 5836 30 or or CC 34823 5836 31 wholly wholly RB 34823 5836 32 , , , 34823 5836 33 with with IN 34823 5836 34 such such JJ 34823 5836 35 liquidity liquidity NN 34823 5836 36 . . . 34823 5837 1 Obligations obligation NNS 34823 5837 2 which which WDT 34823 5837 3 matured mature VBD 34823 5837 4 at at IN 34823 5837 5 the the DT 34823 5837 6 time time NN 34823 5837 7 that that WDT 34823 5837 8 the the DT 34823 5837 9 holders holder NNS 34823 5837 10 of of IN 34823 5837 11 the the DT 34823 5837 12 obligations obligation NNS 34823 5837 13 had have VBD 34823 5837 14 maturing mature VBG 34823 5837 15 obligations obligation NNS 34823 5837 16 , , , 34823 5837 17 would would MD 34823 5837 18 serve serve VB 34823 5837 19 their -PRON- PRP$ 34823 5837 20 purpose purpose NN 34823 5837 21 perfectly perfectly RB 34823 5837 22 . . . 34823 5838 1 Again again RB 34823 5838 2 I -PRON- PRP 34823 5838 3 would would MD 34823 5838 4 emphasize emphasize VB 34823 5838 5 the the DT 34823 5838 6 fact fact NN 34823 5838 7 that that IN 34823 5838 8 the the DT 34823 5838 9 theory theory NN 34823 5838 10 of of IN 34823 5838 11 money money NN 34823 5838 12 and and CC 34823 5838 13 bank bank NN 34823 5838 14 - - HYPH 34823 5838 15 credit credit NN 34823 5838 16 is be VBZ 34823 5838 17 essentially essentially RB 34823 5838 18 a a DT 34823 5838 19 dynamic dynamic JJ 34823 5838 20 theory theory NN 34823 5838 21 , , , 34823 5838 22 and and CC 34823 5838 23 that that IN 34823 5838 24 the the DT 34823 5838 25 notion notion NN 34823 5838 26 of of IN 34823 5838 27 " " `` 34823 5838 28 normal normal JJ 34823 5838 29 equilibrium equilibrium NN 34823 5838 30 " " '' 34823 5838 31 which which WDT 34823 5838 32 underlies underlie VBZ 34823 5838 33 the the DT 34823 5838 34 quantity quantity NN 34823 5838 35 theory theory NN 34823 5838 36 has have VBZ 34823 5838 37 no no DT 34823 5838 38 bearing bear VBG 34823 5838 39 whatever whatever WDT 34823 5838 40 on on IN 34823 5838 41 these these DT 34823 5838 42 fundamental fundamental JJ 34823 5838 43 matters matter NNS 34823 5838 44 . . . 34823 5839 1 The the DT 34823 5839 2 market market NN 34823 5839 3 where where WRB 34823 5839 4 fluid fluid JJ 34823 5839 5 bank bank NN 34823 5839 6 - - HYPH 34823 5839 7 credit credit NN 34823 5839 8 is be VBZ 34823 5839 9 exchanged exchange VBN 34823 5839 10 for for IN 34823 5839 11 less less JJR 34823 5839 12 fluid fluid JJ 34823 5839 13 rights right NNS 34823 5839 14 has have VBZ 34823 5839 15 been be VBN 34823 5839 16 given give VBN 34823 5839 17 the the DT 34823 5839 18 name name NN 34823 5839 19 , , , 34823 5839 20 " " `` 34823 5839 21 the the DT 34823 5839 22 money money NN 34823 5839 23 market market NN 34823 5839 24 . . . 34823 5839 25 " " '' 34823 5840 1 The the DT 34823 5840 2 prices price NNS 34823 5840 3 fixed fix VBN 34823 5840 4 in in IN 34823 5840 5 this this DT 34823 5840 6 market market NN 34823 5840 7 are be VBP 34823 5840 8 " " `` 34823 5840 9 money money NN 34823 5840 10 - - HYPH 34823 5840 11 rates rate NNS 34823 5840 12 , , , 34823 5840 13 " " '' 34823 5840 14 figured figure VBD 34823 5840 15 as as IN 34823 5840 16 percentages percentage NNS 34823 5840 17 on on IN 34823 5840 18 the the DT 34823 5840 19 amounts amount NNS 34823 5840 20 of of IN 34823 5840 21 bank bank NN 34823 5840 22 - - HYPH 34823 5840 23 credit credit NN 34823 5840 24 exchanged exchange VBD 34823 5840 25 for for IN 34823 5840 26 the the DT 34823 5840 27 less less RBR 34823 5840 28 fluid fluid JJ 34823 5840 29 rights right NNS 34823 5840 30 . . . 34823 5841 1 It -PRON- PRP 34823 5841 2 is be VBZ 34823 5841 3 , , , 34823 5841 4 of of IN 34823 5841 5 course course NN 34823 5841 6 , , , 34823 5841 7 strictly strictly RB 34823 5841 8 speaking speak VBG 34823 5841 9 , , , 34823 5841 10 not not RB 34823 5841 11 a a DT 34823 5841 12 money money NN 34823 5841 13 market market NN 34823 5841 14 . . . 34823 5842 1 Money money NN 34823 5842 2 , , , 34823 5842 3 as as IN 34823 5842 4 the the DT 34823 5842 5 term term NN 34823 5842 6 has have VBZ 34823 5842 7 been be VBN 34823 5842 8 used use VBN 34823 5842 9 in in IN 34823 5842 10 this this DT 34823 5842 11 book book NN 34823 5842 12 , , , 34823 5842 13 has have VBZ 34823 5842 14 been be VBN 34823 5842 15 taken take VBN 34823 5842 16 to to TO 34823 5842 17 mean mean VB 34823 5842 18 gold gold NN 34823 5842 19 coin coin NN 34823 5842 20 , , , 34823 5842 21 subsidiary subsidiary JJ 34823 5842 22 coin coin NN 34823 5842 23 , , , 34823 5842 24 government government NN 34823 5842 25 paper paper NN 34823 5842 26 , , , 34823 5842 27 and and CC 34823 5842 28 for for IN 34823 5842 29 the the DT 34823 5842 30 United United NNP 34823 5842 31 States States NNP 34823 5842 32 , , , 34823 5842 33 bank bank NN 34823 5842 34 - - HYPH 34823 5842 35 notes note NNS 34823 5842 36 . . . 34823 5843 1 In in IN 34823 5843 2 a a DT 34823 5843 3 country country NN 34823 5843 4 where where WRB 34823 5843 5 much much JJ 34823 5843 6 bank bank NN 34823 5843 7 - - HYPH 34823 5843 8 credit credit NN 34823 5843 9 is be VBZ 34823 5843 10 elastic elastic JJ 34823 5843 11 bank bank NN 34823 5843 12 - - HYPH 34823 5843 13 notes note NNS 34823 5843 14 , , , 34823 5843 15 it -PRON- PRP 34823 5843 16 is be VBZ 34823 5843 17 better well JJR 34823 5843 18 to to TO 34823 5843 19 distinguish distinguish VB 34823 5843 20 money money NN 34823 5843 21 from from IN 34823 5843 22 bank bank NN 34823 5843 23 - - HYPH 34823 5843 24 notes note NNS 34823 5843 25 . . . 34823 5844 1 The the DT 34823 5844 2 term term NN 34823 5844 3 , , , 34823 5844 4 money money NN 34823 5844 5 , , , 34823 5844 6 is be VBZ 34823 5844 7 not not RB 34823 5844 8 one one CD 34823 5844 9 easily easily RB 34823 5844 10 defined define VBN 34823 5844 11 in in IN 34823 5844 12 a a DT 34823 5844 13 logical logical JJ 34823 5844 14 manner manner NN 34823 5844 15 . . . 34823 5845 1 A a DT 34823 5845 2 good good JJ 34823 5845 3 logical logical JJ 34823 5845 4 definition definition NN 34823 5845 5 should should MD 34823 5845 6 seize seize VB 34823 5845 7 on on IN 34823 5845 8 some some DT 34823 5845 9 essential essential JJ 34823 5845 10 characteristic characteristic NN 34823 5845 11 of of IN 34823 5845 12 the the DT 34823 5845 13 object object NN 34823 5845 14 defined define VBN 34823 5845 15 , , , 34823 5845 16 should should MD 34823 5845 17 include include VB 34823 5845 18 all all PDT 34823 5845 19 the the DT 34823 5845 20 objects object NNS 34823 5845 21 of of IN 34823 5845 22 that that DT 34823 5845 23 class class NN 34823 5845 24 , , , 34823 5845 25 and and CC 34823 5845 26 should should MD 34823 5845 27 exclude exclude VB 34823 5845 28 all all DT 34823 5845 29 others other NNS 34823 5845 30 . . . 34823 5846 1 We -PRON- PRP 34823 5846 2 can can MD 34823 5846 3 meet meet VB 34823 5846 4 the the DT 34823 5846 5 tests test NNS 34823 5846 6 of of IN 34823 5846 7 inclusiveness inclusiveness NN 34823 5846 8 and and CC 34823 5846 9 exclusiveness exclusiveness NN 34823 5846 10 in in IN 34823 5846 11 a a DT 34823 5846 12 definition definition NN 34823 5846 13 of of IN 34823 5846 14 money money NN 34823 5846 15 , , , 34823 5846 16 but but CC 34823 5846 17 we -PRON- PRP 34823 5846 18 can can MD 34823 5846 19 hardly hardly RB 34823 5846 20 meet meet VB 34823 5846 21 the the DT 34823 5846 22 first first JJ 34823 5846 23 test test NN 34823 5846 24 . . . 34823 5847 1 The the DT 34823 5847 2 differences difference NNS 34823 5847 3 between between IN 34823 5847 4 gold gold NN 34823 5847 5 money money NN 34823 5847 6 , , , 34823 5847 7 for for IN 34823 5847 8 example example NN 34823 5847 9 , , , 34823 5847 10 and and CC 34823 5847 11 gold gold NN 34823 5847 12 bullion bullion NN 34823 5847 13 are be VBP 34823 5847 14 less less JJR 34823 5847 15 than than IN 34823 5847 16 the the DT 34823 5847 17 differences difference NNS 34823 5847 18 between between IN 34823 5847 19 gold gold NN 34823 5847 20 money money NN 34823 5847 21 and and CC 34823 5847 22 government government NN 34823 5847 23 paper paper NN 34823 5847 24 . . . 34823 5848 1 The the DT 34823 5848 2 differences difference NNS 34823 5848 3 between between IN 34823 5848 4 bank bank NN 34823 5848 5 - - HYPH 34823 5848 6 notes note NNS 34823 5848 7 and and CC 34823 5848 8 bank bank NN 34823 5848 9 - - HYPH 34823 5848 10 deposits deposit NNS 34823 5848 11 are be VBP 34823 5848 12 less less JJR 34823 5848 13 than than IN 34823 5848 14 the the DT 34823 5848 15 differences difference NNS 34823 5848 16 between between IN 34823 5848 17 bank bank NN 34823 5848 18 - - HYPH 34823 5848 19 notes note NNS 34823 5848 20 and and CC 34823 5848 21 government government NN 34823 5848 22 paper paper NN 34823 5848 23 , , , 34823 5848 24 or or CC 34823 5848 25 bank bank NN 34823 5848 26 - - HYPH 34823 5848 27 notes note NNS 34823 5848 28 and and CC 34823 5848 29 gold gold NN 34823 5848 30 . . . 34823 5849 1 The the DT 34823 5849 2 term term NN 34823 5849 3 , , , 34823 5849 4 money money NN 34823 5849 5 , , , 34823 5849 6 covers cover VBZ 34823 5849 7 a a DT 34823 5849 8 group group NN 34823 5849 9 of of IN 34823 5849 10 more more JJR 34823 5849 11 or or CC 34823 5849 12 less less RBR 34823 5849 13 miscellaneous miscellaneous JJ 34823 5849 14 things thing NNS 34823 5849 15 , , , 34823 5849 16 concerning concern VBG 34823 5849 17 all all DT 34823 5849 18 of of IN 34823 5849 19 which which WDT 34823 5849 20 few few JJ 34823 5849 21 general general JJ 34823 5849 22 laws law NNS 34823 5849 23 are be VBP 34823 5849 24 possible possible JJ 34823 5849 25 . . . 34823 5850 1 Gold gold NN 34823 5850 2 , , , 34823 5850 3 or or CC 34823 5850 4 other other JJ 34823 5850 5 standard standard JJ 34823 5850 6 money money NN 34823 5850 7 , , , 34823 5850 8 in in IN 34823 5850 9 particular particular JJ 34823 5850 10 , , , 34823 5850 11 may may MD 34823 5850 12 obey obey VB 34823 5850 13 different different JJ 34823 5850 14 laws law NNS 34823 5850 15 from from IN 34823 5850 16 other other JJ 34823 5850 17 forms form NNS 34823 5850 18 of of IN 34823 5850 19 money money NN 34823 5850 20 . . . 34823 5851 1 I -PRON- PRP 34823 5851 2 have have VBP 34823 5851 3 been be VBN 34823 5851 4 careful careful JJ 34823 5851 5 , , , 34823 5851 6 in in IN 34823 5851 7 the the DT 34823 5851 8 foregoing foregoing NN 34823 5851 9 , , , 34823 5851 10 to to TO 34823 5851 11 avoid avoid VB 34823 5851 12 the the DT 34823 5851 13 danger danger NN 34823 5851 14 of of IN 34823 5851 15 letting let VBG 34823 5851 16 the the DT 34823 5851 17 argument argument NN 34823 5851 18 rest rest NN 34823 5851 19 on on IN 34823 5851 20 any any DT 34823 5851 21 ambiguity ambiguity NN 34823 5851 22 in in IN 34823 5851 23 the the DT 34823 5851 24 meaning meaning NN 34823 5851 25 of of IN 34823 5851 26 the the DT 34823 5851 27 term term NN 34823 5851 28 , , , 34823 5851 29 however however RB 34823 5851 30 , , , 34823 5851 31 and and CC 34823 5851 32 for for IN 34823 5851 33 the the DT 34823 5851 34 present present NN 34823 5851 35 shall shall MD 34823 5851 36 not not RB 34823 5851 37 attempt attempt VB 34823 5851 38 further further JJ 34823 5851 39 definition definition NN 34823 5851 40 . . . 34823 5852 1 For for IN 34823 5852 2 the the DT 34823 5852 3 present present NN 34823 5852 4 , , , 34823 5852 5 we -PRON- PRP 34823 5852 6 shall shall MD 34823 5852 7 use use VB 34823 5852 8 the the DT 34823 5852 9 term term NN 34823 5852 10 , , , 34823 5852 11 " " `` 34823 5852 12 money money NN 34823 5852 13 market market NN 34823 5852 14 , , , 34823 5852 15 " " '' 34823 5852 16 in in IN 34823 5852 17 its -PRON- PRP$ 34823 5852 18 familiar familiar JJ 34823 5852 19 sense sense NN 34823 5852 20 , , , 34823 5852 21 as as IN 34823 5852 22 meaning mean VBG 34823 5852 23 that that IN 34823 5852 24 market market NN 34823 5852 25 in in IN 34823 5852 26 which which WDT 34823 5852 27 bank bank NN 34823 5852 28 - - HYPH 34823 5852 29 credit credit NN 34823 5852 30 is be VBZ 34823 5852 31 exchanged exchange VBN 34823 5852 32 for for IN 34823 5852 33 less less JJR 34823 5852 34 fluid fluid JJ 34823 5852 35 rights right NNS 34823 5852 36 . . . 34823 5853 1 An an DT 34823 5853 2 organized organized JJ 34823 5853 3 money money NN 34823 5853 4 market market NN 34823 5853 5 commonly commonly RB 34823 5853 6 appears appear VBZ 34823 5853 7 only only RB 34823 5853 8 in in IN 34823 5853 9 larger large JJR 34823 5853 10 cities city NNS 34823 5853 11 . . . 34823 5854 1 In in IN 34823 5854 2 smaller small JJR 34823 5854 3 places place NNS 34823 5854 4 , , , 34823 5854 5 relationships relationship NNS 34823 5854 6 between between IN 34823 5854 7 banks bank NNS 34823 5854 8 and and CC 34823 5854 9 customers customer NNS 34823 5854 10 are be VBP 34823 5854 11 much much RB 34823 5854 12 more more RBR 34823 5854 13 personal personal JJ 34823 5854 14 , , , 34823 5854 15 and and CC 34823 5854 16 indeed indeed RB 34823 5854 17 , , , 34823 5854 18 even even RB 34823 5854 19 in in IN 34823 5854 20 larger large JJR 34823 5854 21 cities city NNS 34823 5854 22 , , , 34823 5854 23 regular regular JJ 34823 5854 24 business business NN 34823 5854 25 houses house NNS 34823 5854 26 have have VBP 34823 5854 27 particularly particularly RB 34823 5854 28 intimate intimate JJ 34823 5854 29 relations relation NNS 34823 5854 30 with with IN 34823 5854 31 special special JJ 34823 5854 32 banks bank NNS 34823 5854 33 . . . 34823 5855 1 A a DT 34823 5855 2 fluid fluid JJ 34823 5855 3 , , , 34823 5855 4 impersonal impersonal JJ 34823 5855 5 market market NN 34823 5855 6 , , , 34823 5855 7 to to IN 34823 5855 8 which which WDT 34823 5855 9 men man NNS 34823 5855 10 may may MD 34823 5855 11 repair repair VB 34823 5855 12 without without IN 34823 5855 13 reference reference NN 34823 5855 14 to to IN 34823 5855 15 anything anything NN 34823 5855 16 but but IN 34823 5855 17 the the DT 34823 5855 18 marketability marketability NN 34823 5855 19 of of IN 34823 5855 20 the the DT 34823 5855 21 collateral collateral NN 34823 5855 22 they -PRON- PRP 34823 5855 23 have have VBP 34823 5855 24 to to TO 34823 5855 25 offer offer VB 34823 5855 26 , , , 34823 5855 27 is be VBZ 34823 5855 28 a a DT 34823 5855 29 distinctively distinctively RB 34823 5855 30 metropolitan metropolitan JJ 34823 5855 31 affair affair NN 34823 5855 32 . . . 34823 5856 1 Only only RB 34823 5856 2 large large JJ 34823 5856 3 dealers dealer NNS 34823 5856 4 commonly commonly RB 34823 5856 5 have have VBP 34823 5856 6 relations relation NNS 34823 5856 7 with with IN 34823 5856 8 more more JJR 34823 5856 9 than than IN 34823 5856 10 one one CD 34823 5856 11 or or CC 34823 5856 12 two two CD 34823 5856 13 banks bank NNS 34823 5856 14 . . . 34823 5857 1 Larger large JJR 34823 5857 2 houses house NNS 34823 5857 3 in in IN 34823 5857 4 the the DT 34823 5857 5 big big JJ 34823 5857 6 cities city NNS 34823 5857 7 often often RB 34823 5857 8 do do VBP 34823 5857 9 sell sell VB 34823 5857 10 their -PRON- PRP$ 34823 5857 11 " " `` 34823 5857 12 commercial commercial JJ 34823 5857 13 paper paper NN 34823 5857 14 " " '' 34823 5857 15 through through IN 34823 5857 16 brokers broker NNS 34823 5857 17 , , , 34823 5857 18 and and CC 34823 5857 19 some some DT 34823 5857 20 of of IN 34823 5857 21 the the DT 34823 5857 22 big big JJ 34823 5857 23 New New NNP 34823 5857 24 York York NNP 34823 5857 25 mercantile mercantile NN 34823 5857 26 houses house NNS 34823 5857 27 have have VBP 34823 5857 28 had have VBN 34823 5857 29 their -PRON- PRP$ 34823 5857 30 paper paper NN 34823 5857 31 scattered scatter VBN 34823 5857 32 a a DT 34823 5857 33 good good JJ 34823 5857 34 deal deal NN 34823 5857 35 throughout throughout IN 34823 5857 36 the the DT 34823 5857 37 country country NN 34823 5857 38 . . . 34823 5858 1 The the DT 34823 5858 2 lack lack NN 34823 5858 3 of of IN 34823 5858 4 protection protection NN 34823 5858 5 which which WDT 34823 5858 6 houses house NNS 34823 5858 7 which which WDT 34823 5858 8 sought seek VBD 34823 5858 9 such such JJ 34823 5858 10 credit credit NN 34823 5858 11 faced face VBN 34823 5858 12 during during IN 34823 5858 13 the the DT 34823 5858 14 Panic Panic NNP 34823 5858 15 of of IN 34823 5858 16 1907 1907 CD 34823 5858 17 tended tend VBD 34823 5858 18 to to TO 34823 5858 19 check check VB 34823 5858 20 the the DT 34823 5858 21 practice practice NN 34823 5858 22 in in IN 34823 5858 23 some some DT 34823 5858 24 measure measure NN 34823 5858 25 , , , 34823 5858 26 but but CC 34823 5858 27 it -PRON- PRP 34823 5858 28 has have VBZ 34823 5858 29 revived revive VBN 34823 5858 30 , , , 34823 5858 31 and and CC 34823 5858 32 even even RB 34823 5858 33 increased increase VBD 34823 5858 34 . . . 34823 5859 1 [ [ -LRB- 34823 5859 2 517 517 CD 34823 5859 3 ] ] -RRB- 34823 5859 4 In in IN 34823 5859 5 the the DT 34823 5859 6 matter matter NN 34823 5859 7 of of IN 34823 5859 8 a a DT 34823 5859 9 wide wide JJ 34823 5859 10 market market NN 34823 5859 11 for for IN 34823 5859 12 commercial commercial JJ 34823 5859 13 paper paper NN 34823 5859 14 , , , 34823 5859 15 however however RB 34823 5859 16 , , , 34823 5859 17 an an DT 34823 5859 18 impersonal impersonal JJ 34823 5859 19 market market NN 34823 5859 20 , , , 34823 5859 21 with with IN 34823 5859 22 great great JJ 34823 5859 23 fluidity fluidity NN 34823 5859 24 , , , 34823 5859 25 we -PRON- PRP 34823 5859 26 are be VBP 34823 5859 27 well well RB 34823 5859 28 behind behind IN 34823 5859 29 not not RB 34823 5859 30 only only RB 34823 5859 31 England England NNP 34823 5859 32 , , , 34823 5859 33 but but CC 34823 5859 34 also also RB 34823 5859 35 Continental Continental NNP 34823 5859 36 Europe Europe NNP 34823 5859 37 . . . 34823 5860 1 The the DT 34823 5860 2 London London NNP 34823 5860 3 acceptance acceptance NN 34823 5860 4 house house NN 34823 5860 5 has have VBZ 34823 5860 6 especially especially RB 34823 5860 7 contributed contribute VBN 34823 5860 8 to to IN 34823 5860 9 an an DT 34823 5860 10 impersonal impersonal JJ 34823 5860 11 market market NN 34823 5860 12 . . . 34823 5861 1 The the DT 34823 5861 2 American american JJ 34823 5861 3 money money NN 34823 5861 4 market market NN 34823 5861 5 is be VBZ 34823 5861 6 _ _ NNP 34823 5861 7 par par NN 34823 5861 8 excellence excellence NN 34823 5861 9 _ _ NNP 34823 5861 10 a a DT 34823 5861 11 New New NNP 34823 5861 12 York York NNP 34823 5861 13 market market NN 34823 5861 14 , , , 34823 5861 15 and and CC 34823 5861 16 the the DT 34823 5861 17 primary primary JJ 34823 5861 18 type type NN 34823 5861 19 of of IN 34823 5861 20 paper paper NN 34823 5861 21 discounted discount VBN 34823 5861 22 in in IN 34823 5861 23 the the DT 34823 5861 24 American american JJ 34823 5861 25 money money NN 34823 5861 26 market market NN 34823 5861 27 is be VBZ 34823 5861 28 stock stock NN 34823 5861 29 exchange exchange NN 34823 5861 30 paper paper NN 34823 5861 31 , , , 34823 5861 32 and and CC 34823 5861 33 foreign foreign JJ 34823 5861 34 bills bill NNS 34823 5861 35 of of IN 34823 5861 36 exchange exchange NN 34823 5861 37 . . . 34823 5862 1 For for IN 34823 5862 2 commercial commercial JJ 34823 5862 3 paper paper NN 34823 5862 4 , , , 34823 5862 5 however however RB 34823 5862 6 , , , 34823 5862 7 there there EX 34823 5862 8 are be VBP 34823 5862 9 innumerable innumerable JJ 34823 5862 10 more more RBR 34823 5862 11 personal personal JJ 34823 5862 12 , , , 34823 5862 13 more more RBR 34823 5862 14 restricted restricted JJ 34823 5862 15 , , , 34823 5862 16 markets market NNS 34823 5862 17 , , , 34823 5862 18 and and CC 34823 5862 19 commercial commercial JJ 34823 5862 20 paper paper NN 34823 5862 21 constitutes constitute VBZ 34823 5862 22 a a DT 34823 5862 23 very very RB 34823 5862 24 considerable considerable JJ 34823 5862 25 part part NN 34823 5862 26 of of IN 34823 5862 27 banking banking NN 34823 5862 28 assets asset NNS 34823 5862 29 , , , 34823 5862 30 though though IN 34823 5862 31 much much RB 34823 5862 32 less less JJR 34823 5862 33 than than IN 34823 5862 34 is be VBZ 34823 5862 35 often often RB 34823 5862 36 supposed suppose VBN 34823 5862 37 . . . 34823 5863 1 But but CC 34823 5863 2 this this DT 34823 5863 3 we -PRON- PRP 34823 5863 4 shall shall MD 34823 5863 5 discuss discuss VB 34823 5863 6 in in IN 34823 5863 7 the the DT 34823 5863 8 next next JJ 34823 5863 9 chapter chapter NN 34823 5863 10 . . . 34823 5864 1 CHAPTER chapter NN 34823 5864 2 XXIV XXIV NNP 34823 5864 3 CREDIT CREDIT NNP 34823 5864 4 -- -- : 34823 5864 5 BANK BANK NNP 34823 5864 6 ASSETS asset NNS 34823 5864 7 AND and CC 34823 5864 8 BANK BANK NNP 34823 5864 9 RESERVES reserve VBN 34823 5864 10 In in IN 34823 5864 11 traditional traditional JJ 34823 5864 12 discussions discussion NNS 34823 5864 13 of of IN 34823 5864 14 banking banking NN 34823 5864 15 , , , 34823 5864 16 the the DT 34823 5864 17 impression impression NN 34823 5864 18 is be VBZ 34823 5864 19 given give VBN 34823 5864 20 that that IN 34823 5864 21 commercial commercial JJ 34823 5864 22 paper paper NN 34823 5864 23 is be VBZ 34823 5864 24 the the DT 34823 5864 25 normal normal JJ 34823 5864 26 and and CC 34823 5864 27 dominant dominant JJ 34823 5864 28 type type NN 34823 5864 29 of of IN 34823 5864 30 banking banking NN 34823 5864 31 assets asset NNS 34823 5864 32 . . . 34823 5865 1 [ [ -LRB- 34823 5865 2 518 518 CD 34823 5865 3 ] ] -RRB- 34823 5865 4 To to IN 34823 5865 5 one one CD 34823 5865 6 accustomed accustom VBN 34823 5865 7 to to IN 34823 5865 8 this this DT 34823 5865 9 view view NN 34823 5865 10 , , , 34823 5865 11 the the DT 34823 5865 12 figures figure NNS 34823 5865 13 of of IN 34823 5865 14 the the DT 34823 5865 15 Comptroller Comptroller NNP 34823 5865 16 of of IN 34823 5865 17 the the DT 34823 5865 18 Currency Currency NNP 34823 5865 19 for for IN 34823 5865 20 banking banking NN 34823 5865 21 investments investment NNS 34823 5865 22 in in IN 34823 5865 23 the the DT 34823 5865 24 United United NNP 34823 5865 25 States States NNP 34823 5865 26 for for IN 34823 5865 27 22,491 22,491 CD 34823 5865 28 banks bank NNS 34823 5865 29 of of IN 34823 5865 30 all all DT 34823 5865 31 kinds kind NNS 34823 5865 32 ( ( -LRB- 34823 5865 33 State state NN 34823 5865 34 , , , 34823 5865 35 national national JJ 34823 5865 36 , , , 34823 5865 37 private private JJ 34823 5865 38 , , , 34823 5865 39 and and CC 34823 5865 40 savings saving NNS 34823 5865 41 banks bank NNS 34823 5865 42 , , , 34823 5865 43 and and CC 34823 5865 44 trust trust NN 34823 5865 45 companies company NNS 34823 5865 46 ) ) -RRB- 34823 5865 47 in in IN 34823 5865 48 1909,[519 1909,[519 CD 34823 5865 49 ] ] -RRB- 34823 5865 50 will will MD 34823 5865 51 occasion occasion VB 34823 5865 52 dismay dismay NN 34823 5865 53 : : : 34823 5865 54 ( ( -LRB- 34823 5865 55 000,000 000,000 CD 34823 5865 56 omitted omit VBN 34823 5865 57 ) ) -RRB- 34823 5865 58 Loans loan NNS 34823 5865 59 on on IN 34823 5865 60 real real JJ 34823 5865 61 estate estate NN 34823 5865 62 $ $ $ 34823 5865 63 2,505 2,505 CD 34823 5865 64 Loans loan NNS 34823 5865 65 on on IN 34823 5865 66 other other JJ 34823 5865 67 collateral collateral JJ 34823 5865 68 security security NN 34823 5865 69 3,975 3,975 CD 34823 5865 70 Other other JJ 34823 5865 71 loans loan NNS 34823 5865 72 and and CC 34823 5865 73 discounts discount NNS 34823 5865 74 4,821 4,821 CD 34823 5865 75 Overdrafts overdraft NNS 34823 5865 76 69 69 CD 34823 5865 77 United United NNP 34823 5865 78 States States NNP 34823 5865 79 bonds bond NNS 34823 5865 80 792 792 CD 34823 5865 81 State State NNP 34823 5865 82 , , , 34823 5865 83 county county NN 34823 5865 84 and and CC 34823 5865 85 municipal municipal JJ 34823 5865 86 bonds bond NNS 34823 5865 87 1,091 1,091 CD 34823 5865 88 Railroad Railroad NNP 34823 5865 89 bonds bond NNS 34823 5865 90 and and CC 34823 5865 91 stocks stock NNS 34823 5865 92 1,560 1,560 CD 34823 5865 93 Bonds bond NNS 34823 5865 94 of of IN 34823 5865 95 other other JJ 34823 5865 96 public public JJ 34823 5865 97 service service NN 34823 5865 98 corporations corporation NNS 34823 5865 99 466 466 CD 34823 5865 100 Other other JJ 34823 5865 101 stocks stock NNS 34823 5865 102 , , , 34823 5865 103 bonds bond NNS 34823 5865 104 , , , 34823 5865 105 etc etc FW 34823 5865 106 703 703 CD 34823 5865 107 Due due IN 34823 5865 108 from from IN 34823 5865 109 other other JJ 34823 5865 110 banks bank NNS 34823 5865 111 and and CC 34823 5865 112 bankers banker NNS 34823 5865 113 2,562 2,562 CD 34823 5865 114 Real real JJ 34823 5865 115 estate estate NN 34823 5865 116 , , , 34823 5865 117 furniture furniture NN 34823 5865 118 , , , 34823 5865 119 etc etc FW 34823 5865 120 544 544 CD 34823 5865 121 Checks check NNS 34823 5865 122 and and CC 34823 5865 123 other other JJ 34823 5865 124 cash cash NN 34823 5865 125 items item NNS 34823 5865 126 437 437 CD 34823 5865 127 Cash cash NN 34823 5865 128 on on IN 34823 5865 129 hand hand NN 34823 5865 130 1,452 1,452 CD 34823 5865 131 Other other JJ 34823 5865 132 resources resource NNS 34823 5865 133 111 111 CD 34823 5865 134 -------- -------- NFP 34823 5865 135 Total Total NNP 34823 5865 136 Resources resource NNS 34823 5865 137 $ $ $ 34823 5865 138 21,095 21,095 CD 34823 5865 139 These these DT 34823 5865 140 figures figure NNS 34823 5865 141 , , , 34823 5865 142 however however RB 34823 5865 143 , , , 34823 5865 144 call call VBP 34823 5865 145 for for IN 34823 5865 146 further further JJ 34823 5865 147 analysis analysis NN 34823 5865 148 . . . 34823 5866 1 They -PRON- PRP 34823 5866 2 include include VBP 34823 5866 3 figures figure NNS 34823 5866 4 from from IN 34823 5866 5 institutions institution NNS 34823 5866 6 which which WDT 34823 5866 7 should should MD 34823 5866 8 not not RB 34823 5866 9 be be VB 34823 5866 10 counted count VBN 34823 5866 11 with with IN 34823 5866 12 commercial commercial JJ 34823 5866 13 banks bank NNS 34823 5866 14 . . . 34823 5867 1 The the DT 34823 5867 2 percentage percentage NN 34823 5867 3 of of IN 34823 5867 4 real real JJ 34823 5867 5 estate estate NN 34823 5867 6 loans loan NNS 34823 5867 7 , , , 34823 5867 8 especially especially RB 34823 5867 9 , , , 34823 5867 10 is be VBZ 34823 5867 11 too too RB 34823 5867 12 high high JJ 34823 5867 13 to to TO 34823 5867 14 represent represent VB 34823 5867 15 the the DT 34823 5867 16 workings working NNS 34823 5867 17 of of IN 34823 5867 18 commercial commercial JJ 34823 5867 19 banks bank NNS 34823 5867 20 , , , 34823 5867 21 a a DT 34823 5867 22 very very RB 34823 5867 23 high high JJ 34823 5867 24 percentage percentage NN 34823 5867 25 of of IN 34823 5867 26 real real JJ 34823 5867 27 estate estate NN 34823 5867 28 loans loan NNS 34823 5867 29 being be VBG 34823 5867 30 held hold VBN 34823 5867 31 by by IN 34823 5867 32 stock stock NN 34823 5867 33 and and CC 34823 5867 34 mutual mutual JJ 34823 5867 35 savings saving NNS 34823 5867 36 banks bank NNS 34823 5867 37 . . . 34823 5868 1 The the DT 34823 5868 2 other other JJ 34823 5868 3 items item NNS 34823 5868 4 , , , 34823 5868 5 however however RB 34823 5868 6 , , , 34823 5868 7 are be VBP 34823 5868 8 not not RB 34823 5868 9 much much RB 34823 5868 10 changed change VBN 34823 5868 11 by by IN 34823 5868 12 the the DT 34823 5868 13 inclusion inclusion NN 34823 5868 14 of of IN 34823 5868 15 savings saving NNS 34823 5868 16 banks bank NNS 34823 5868 17 and and CC 34823 5868 18 private private JJ 34823 5868 19 banks bank NNS 34823 5868 20 . . . 34823 5869 1 It -PRON- PRP 34823 5869 2 will will MD 34823 5869 3 be be VB 34823 5869 4 well well JJ 34823 5869 5 to to TO 34823 5869 6 draw draw VB 34823 5869 7 some some DT 34823 5869 8 conclusions conclusion NNS 34823 5869 9 from from IN 34823 5869 10 these these DT 34823 5869 11 aggregate aggregate JJ 34823 5869 12 figures figure NNS 34823 5869 13 for for IN 34823 5869 14 all all DT 34823 5869 15 classes class NNS 34823 5869 16 of of IN 34823 5869 17 institutions institution NNS 34823 5869 18 , , , 34823 5869 19 before before IN 34823 5869 20 taking take VBG 34823 5869 21 up up RP 34823 5869 22 a a DT 34823 5869 23 more more RBR 34823 5869 24 detailed detailed JJ 34823 5869 25 analysis analysis NN 34823 5869 26 of of IN 34823 5869 27 State State NNP 34823 5869 28 and and CC 34823 5869 29 national national JJ 34823 5869 30 banks bank NNS 34823 5869 31 , , , 34823 5869 32 and and CC 34823 5869 33 trust trust NN 34823 5869 34 companies company NNS 34823 5869 35 . . . 34823 5870 1 Where where WRB 34823 5870 2 , , , 34823 5870 3 among among IN 34823 5870 4 these these DT 34823 5870 5 items item NNS 34823 5870 6 , , , 34823 5870 7 does do VBZ 34823 5870 8 one one CD 34823 5870 9 find find VB 34823 5870 10 " " `` 34823 5870 11 commercial commercial JJ 34823 5870 12 paper paper NN 34823 5870 13 " " '' 34823 5870 14 ? ? . 34823 5871 1 In in IN 34823 5871 2 the the DT 34823 5871 3 reports report NNS 34823 5871 4 of of IN 34823 5871 5 the the DT 34823 5871 6 metropolitan metropolitan JJ 34823 5871 7 papers paper NNS 34823 5871 8 , , , 34823 5871 9 giving give VBG 34823 5871 10 daily daily JJ 34823 5871 11 variations variation NNS 34823 5871 12 in in IN 34823 5871 13 interest interest NN 34823 5871 14 rates rate NNS 34823 5871 15 , , , 34823 5871 16 it -PRON- PRP 34823 5871 17 is be VBZ 34823 5871 18 usual usual JJ 34823 5871 19 to to TO 34823 5871 20 find find VB 34823 5871 21 " " `` 34823 5871 22 commercial commercial JJ 34823 5871 23 paper paper NN 34823 5871 24 " " '' 34823 5871 25 listed list VBN 34823 5871 26 as as IN 34823 5871 27 a a DT 34823 5871 28 separate separate JJ 34823 5871 29 category category NN 34823 5871 30 , , , 34823 5871 31 coördinate coördinate VB 34823 5871 32 with with IN 34823 5871 33 " " `` 34823 5871 34 sixty sixty CD 34823 5871 35 day day NN 34823 5871 36 paper paper NN 34823 5871 37 , , , 34823 5871 38 " " '' 34823 5871 39 " " `` 34823 5871 40 ninety ninety CD 34823 5871 41 day day NN 34823 5871 42 paper paper NN 34823 5871 43 , , , 34823 5871 44 " " '' 34823 5871 45 etc etc FW 34823 5871 46 . . . 34823 5872 1 Recent recent JJ 34823 5872 2 periodical periodical JJ 34823 5872 3 discussion discussion NN 34823 5872 4 has have VBZ 34823 5872 5 gone go VBN 34823 5872 6 elaborately elaborately RB 34823 5872 7 into into IN 34823 5872 8 the the DT 34823 5872 9 question question NN 34823 5872 10 as as IN 34823 5872 11 to to IN 34823 5872 12 what what WP 34823 5872 13 should should MD 34823 5872 14 be be VB 34823 5872 15 called call VBN 34823 5872 16 " " `` 34823 5872 17 commercial commercial JJ 34823 5872 18 paper paper NN 34823 5872 19 , , , 34823 5872 20 " " '' 34823 5872 21 from from IN 34823 5872 22 the the DT 34823 5872 23 standpoint standpoint NN 34823 5872 24 of of IN 34823 5872 25 the the DT 34823 5872 26 policy policy NN 34823 5872 27 of of IN 34823 5872 28 the the DT 34823 5872 29 Federal Federal NNP 34823 5872 30 Reserve Reserve NNP 34823 5872 31 Banks Banks NNPS 34823 5872 32 . . . 34823 5873 1 I -PRON- PRP 34823 5873 2 think think VBP 34823 5873 3 it -PRON- PRP 34823 5873 4 safe safe JJ 34823 5873 5 to to TO 34823 5873 6 say say VB 34823 5873 7 that that IN 34823 5873 8 no no DT 34823 5873 9 two two CD 34823 5873 10 markets market NNS 34823 5873 11 , , , 34823 5873 12 at at IN 34823 5873 13 present present NN 34823 5873 14 , , , 34823 5873 15 in in IN 34823 5873 16 the the DT 34823 5873 17 United United NNP 34823 5873 18 States States NNP 34823 5873 19 will will MD 34823 5873 20 use use VB 34823 5873 21 the the DT 34823 5873 22 term term NN 34823 5873 23 in in IN 34823 5873 24 precisely precisely RB 34823 5873 25 the the DT 34823 5873 26 same same JJ 34823 5873 27 way way NN 34823 5873 28 , , , 34823 5873 29 and and CC 34823 5873 30 that that IN 34823 5873 31 all all DT 34823 5873 32 would would MD 34823 5873 33 restrict restrict VB 34823 5873 34 the the DT 34823 5873 35 term term NN 34823 5873 36 to to IN 34823 5873 37 a a DT 34823 5873 38 small small JJ 34823 5873 39 portion portion NN 34823 5873 40 of of IN 34823 5873 41 the the DT 34823 5873 42 " " `` 34823 5873 43 other other JJ 34823 5873 44 loans loan NNS 34823 5873 45 and and CC 34823 5873 46 discounts discount NNS 34823 5873 47 " " `` 34823 5873 48 listed list VBN 34823 5873 49 above above RB 34823 5873 50 . . . 34823 5874 1 The the DT 34823 5874 2 most most RBS 34823 5874 3 general general JJ 34823 5874 4 definition definition NN 34823 5874 5 of of IN 34823 5874 6 " " `` 34823 5874 7 commercial commercial JJ 34823 5874 8 paper paper NN 34823 5874 9 " " '' 34823 5874 10 would would MD 34823 5874 11 be be VB 34823 5874 12 paper paper NN 34823 5874 13 bought buy VBN 34823 5874 14 through through IN 34823 5874 15 note note NN 34823 5874 16 - - HYPH 34823 5874 17 brokers broker NNS 34823 5874 18 . . . 34823 5875 1 Despite despite IN 34823 5875 2 the the DT 34823 5875 3 decided decided JJ 34823 5875 4 increase increase NN 34823 5875 5 in in IN 34823 5875 6 loans loan NNS 34823 5875 7 and and CC 34823 5875 8 discounts discount NNS 34823 5875 9 which which WDT 34823 5875 10 our -PRON- PRP$ 34823 5875 11 war war NN 34823 5875 12 prosperity prosperity NN 34823 5875 13 has have VBZ 34823 5875 14 involved involve VBN 34823 5875 15 , , , 34823 5875 16 there there EX 34823 5875 17 has have VBZ 34823 5875 18 been be VBN 34823 5875 19 very very RB 34823 5875 20 frequent frequent JJ 34823 5875 21 complaint complaint NN 34823 5875 22 of of IN 34823 5875 23 the the DT 34823 5875 24 scarcity scarcity NN 34823 5875 25 of of IN 34823 5875 26 " " `` 34823 5875 27 commercial commercial JJ 34823 5875 28 paper paper NN 34823 5875 29 . . . 34823 5875 30 " " '' 34823 5876 1 I -PRON- PRP 34823 5876 2 shall shall MD 34823 5876 3 use use VB 34823 5876 4 the the DT 34823 5876 5 term term NN 34823 5876 6 , , , 34823 5876 7 " " `` 34823 5876 8 commercial commercial JJ 34823 5876 9 paper paper NN 34823 5876 10 " " '' 34823 5876 11 in in IN 34823 5876 12 a a DT 34823 5876 13 much much RB 34823 5876 14 more more RBR 34823 5876 15 liberal liberal JJ 34823 5876 16 sense sense NN 34823 5876 17 than than IN 34823 5876 18 the the DT 34823 5876 19 American american JJ 34823 5876 20 money money NN 34823 5876 21 market market NN 34823 5876 22 does do VBZ 34823 5876 23 , , , 34823 5876 24 and and CC 34823 5876 25 shall shall MD 34823 5876 26 mean mean VB 34823 5876 27 by by IN 34823 5876 28 it -PRON- PRP 34823 5876 29 all all DT 34823 5876 30 loans loan NNS 34823 5876 31 of of IN 34823 5876 32 a a DT 34823 5876 33 really really RB 34823 5876 34 liquid liquid JJ 34823 5876 35 character character NN 34823 5876 36 , , , 34823 5876 37 made make VBN 34823 5876 38 by by IN 34823 5876 39 banks bank NNS 34823 5876 40 to to IN 34823 5876 41 merchants merchant NNS 34823 5876 42 and and CC 34823 5876 43 others other NNS 34823 5876 44 to to TO 34823 5876 45 pay pay VB 34823 5876 46 for for IN 34823 5876 47 the the DT 34823 5876 48 purchase purchase NN 34823 5876 49 of of IN 34823 5876 50 goods good NNS 34823 5876 51 in in IN 34823 5876 52 anticipation anticipation NN 34823 5876 53 of of IN 34823 5876 54 a a DT 34823 5876 55 resale resale NN 34823 5876 56 within within IN 34823 5876 57 the the DT 34823 5876 58 term term NN 34823 5876 59 of of IN 34823 5876 60 the the DT 34823 5876 61 loan loan NN 34823 5876 62 which which WDT 34823 5876 63 will will MD 34823 5876 64 enable enable VB 34823 5876 65 the the DT 34823 5876 66 loan loan NN 34823 5876 67 to to TO 34823 5876 68 be be VB 34823 5876 69 repaid repay VBN 34823 5876 70 at at IN 34823 5876 71 maturity maturity NN 34823 5876 72 . . . 34823 5877 1 From from IN 34823 5877 2 this this DT 34823 5877 3 should should MD 34823 5877 4 be be VB 34823 5877 5 excluded exclude VBN 34823 5877 6 , , , 34823 5877 7 however however RB 34823 5877 8 , , , 34823 5877 9 loans loan NNS 34823 5877 10 made make VBN 34823 5877 11 to to IN 34823 5877 12 speculators speculator NNS 34823 5877 13 . . . 34823 5878 1 With with IN 34823 5878 2 this this DT 34823 5878 3 liberal liberal NN 34823 5878 4 , , , 34823 5878 5 and and CC 34823 5878 6 not not RB 34823 5878 7 very very RB 34823 5878 8 precise precise JJ 34823 5878 9 , , , 34823 5878 10 definition definition NN 34823 5878 11 of of IN 34823 5878 12 commercial commercial JJ 34823 5878 13 paper paper NN 34823 5878 14 , , , 34823 5878 15 we -PRON- PRP 34823 5878 16 raise raise VBP 34823 5878 17 again again RB 34823 5878 18 the the DT 34823 5878 19 question question NN 34823 5878 20 as as IN 34823 5878 21 to to IN 34823 5878 22 where where WRB 34823 5878 23 it -PRON- PRP 34823 5878 24 may may MD 34823 5878 25 be be VB 34823 5878 26 found find VBN 34823 5878 27 in in IN 34823 5878 28 the the DT 34823 5878 29 items item NNS 34823 5878 30 above above IN 34823 5878 31 given give VBN 34823 5878 32 . . . 34823 5879 1 Virtually virtually RB 34823 5879 2 all all DT 34823 5879 3 of of IN 34823 5879 4 it -PRON- PRP 34823 5879 5 , , , 34823 5879 6 I -PRON- PRP 34823 5879 7 think think VBP 34823 5879 8 , , , 34823 5879 9 must must MD 34823 5879 10 be be VB 34823 5879 11 found find VBN 34823 5879 12 in in IN 34823 5879 13 the the DT 34823 5879 14 item item NN 34823 5879 15 , , , 34823 5879 16 " " '' 34823 5879 17 other other JJ 34823 5879 18 loans loan NNS 34823 5879 19 and and CC 34823 5879 20 discounts"--an discounts"--an NNS 34823 5879 21 item item NN 34823 5879 22 which which WDT 34823 5879 23 , , , 34823 5879 24 in in IN 34823 5879 25 all all DT 34823 5879 26 , , , 34823 5879 27 is be VBZ 34823 5879 28 slightly slightly RB 34823 5879 29 less less JJR 34823 5879 30 than than IN 34823 5879 31 23 23 CD 34823 5879 32 % % NN 34823 5879 33 of of IN 34823 5879 34 total total JJ 34823 5879 35 banking banking NN 34823 5879 36 assets asset NNS 34823 5879 37 . . . 34823 5880 1 [ [ -LRB- 34823 5880 2 520 520 CD 34823 5880 3 ] ] -RRB- 34823 5880 4 But but CC 34823 5880 5 not not RB 34823 5880 6 all all DT 34823 5880 7 of of IN 34823 5880 8 this this DT 34823 5880 9 " " `` 34823 5880 10 other other JJ 34823 5880 11 loans loan NNS 34823 5880 12 and and CC 34823 5880 13 discounts discount NNS 34823 5880 14 " " `` 34823 5880 15 is be VBZ 34823 5880 16 commercial commercial JJ 34823 5880 17 paper paper NN 34823 5880 18 . . . 34823 5881 1 Very very RB 34823 5881 2 much much RB 34823 5881 3 indeed indeed RB 34823 5881 4 represents represent VBZ 34823 5881 5 loans loan NNS 34823 5881 6 of of IN 34823 5881 7 a a DT 34823 5881 8 non non JJ 34823 5881 9 - - JJ 34823 5881 10 liquid liquid JJ 34823 5881 11 character character NN 34823 5881 12 , , , 34823 5881 13 regularly regularly RB 34823 5881 14 renewed renew VBN 34823 5881 15 , , , 34823 5881 16 which which WDT 34823 5881 17 manufacturers manufacturer NNS 34823 5881 18 and and CC 34823 5881 19 others other NNS 34823 5881 20 have have VBP 34823 5881 21 put put VBN 34823 5881 22 , , , 34823 5881 23 not not RB 34823 5881 24 into into IN 34823 5881 25 moveable moveable JJ 34823 5881 26 goods good NNS 34823 5881 27 , , , 34823 5881 28 but but CC 34823 5881 29 into into IN 34823 5881 30 fixed fix VBN 34823 5881 31 forms form NNS 34823 5881 32 of of IN 34823 5881 33 capital capital NN 34823 5881 34 - - HYPH 34823 5881 35 goods good NNS 34823 5881 36 , , , 34823 5881 37 as as IN 34823 5881 38 machinery machinery NN 34823 5881 39 , , , 34823 5881 40 and and CC 34823 5881 41 even even RB 34823 5881 42 buildings building NNS 34823 5881 43 . . . 34823 5882 1 One one CD 34823 5882 2 case case NN 34823 5882 3 in in IN 34823 5882 4 New New NNP 34823 5882 5 York York NNP 34823 5882 6 , , , 34823 5882 7 which which WDT 34823 5882 8 the the DT 34823 5882 9 writer writer NN 34823 5882 10 is be VBZ 34823 5882 11 informed inform VBN 34823 5882 12 by by IN 34823 5882 13 a a DT 34823 5882 14 business business NN 34823 5882 15 man man NN 34823 5882 16 well well RB 34823 5882 17 acquainted acquaint VBN 34823 5882 18 with with IN 34823 5882 19 both both CC 34823 5882 20 banking banking NN 34823 5882 21 and and CC 34823 5882 22 business business NN 34823 5882 23 in in IN 34823 5882 24 many many JJ 34823 5882 25 sections section NNS 34823 5882 26 of of IN 34823 5882 27 the the DT 34823 5882 28 country country NN 34823 5882 29 is be VBZ 34823 5882 30 typical typical JJ 34823 5882 31 of of IN 34823 5882 32 many many JJ 34823 5882 33 cases case NNS 34823 5882 34 , , , 34823 5882 35 is be VBZ 34823 5882 36 as as IN 34823 5882 37 follows follow VBZ 34823 5882 38 : : : 34823 5882 39 a a DT 34823 5882 40 New New NNP 34823 5882 41 York York NNP 34823 5882 42 bank bank NN 34823 5882 43 is be VBZ 34823 5882 44 at at IN 34823 5882 45 present present JJ 34823 5882 46 lending lending NN 34823 5882 47 to to IN 34823 5882 48 a a DT 34823 5882 49 small small JJ 34823 5882 50 manufacturer manufacturer NN 34823 5882 51 of of IN 34823 5882 52 automobile automobile NN 34823 5882 53 supplies supply VBZ 34823 5882 54 about about IN 34823 5882 55 $ $ $ 34823 5882 56 30,000 30,000 CD 34823 5882 57 . . . 34823 5883 1 Of of IN 34823 5883 2 this this DT 34823 5883 3 , , , 34823 5883 4 about about RB 34823 5883 5 $ $ $ 34823 5883 6 10,000 10,000 CD 34823 5883 7 is be VBZ 34823 5883 8 liquid liquid JJ 34823 5883 9 , , , 34823 5883 10 periodically periodically RB 34823 5883 11 covered cover VBN 34823 5883 12 by by IN 34823 5883 13 " " `` 34823 5883 14 bills bill NNS 34823 5883 15 receivable receivable JJ 34823 5883 16 , , , 34823 5883 17 " " '' 34823 5883 18 and and CC 34823 5883 19 if if IN 34823 5883 20 the the DT 34823 5883 21 bills bill NNS 34823 5883 22 receivable receivable JJ 34823 5883 23 should should MD 34823 5883 24 fail fail VB 34823 5883 25 , , , 34823 5883 26 in in IN 34823 5883 27 the the DT 34823 5883 28 period period NN 34823 5883 29 in in IN 34823 5883 30 question question NN 34823 5883 31 , , , 34823 5883 32 to to TO 34823 5883 33 cover cover VB 34823 5883 34 the the DT 34823 5883 35 $ $ $ 34823 5883 36 10,000 10,000 CD 34823 5883 37 , , , 34823 5883 38 the the DT 34823 5883 39 bank bank NN 34823 5883 40 would would MD 34823 5883 41 insist insist VB 34823 5883 42 on on IN 34823 5883 43 a a DT 34823 5883 44 reduction reduction NN 34823 5883 45 of of IN 34823 5883 46 the the DT 34823 5883 47 loan loan NN 34823 5883 48 . . . 34823 5884 1 The the DT 34823 5884 2 remaining remain VBG 34823 5884 3 $ $ $ 34823 5884 4 20,000 20,000 CD 34823 5884 5 , , , 34823 5884 6 however however RB 34823 5884 7 , , , 34823 5884 8 is be VBZ 34823 5884 9 not not RB 34823 5884 10 liquid liquid JJ 34823 5884 11 . . . 34823 5885 1 It -PRON- PRP 34823 5885 2 was be VBD 34823 5885 3 spent spend VBN 34823 5885 4 for for IN 34823 5885 5 non non JJ 34823 5885 6 - - JJ 34823 5885 7 moveable moveable JJ 34823 5885 8 equipment equipment NN 34823 5885 9 ; ; : 34823 5885 10 the the DT 34823 5885 11 bank bank NN 34823 5885 12 expects expect VBZ 34823 5885 13 to to TO 34823 5885 14 renew renew VB 34823 5885 15 the the DT 34823 5885 16 notes note NNS 34823 5885 17 for for IN 34823 5885 18 this this DT 34823 5885 19 loan loan NN 34823 5885 20 periodically periodically RB 34823 5885 21 , , , 34823 5885 22 and and CC 34823 5885 23 is be VBZ 34823 5885 24 well well RB 34823 5885 25 aware aware JJ 34823 5885 26 that that IN 34823 5885 27 it -PRON- PRP 34823 5885 28 could could MD 34823 5885 29 not not RB 34823 5885 30 force force VB 34823 5885 31 collection collection NN 34823 5885 32 without without IN 34823 5885 33 bringing bring VBG 34823 5885 34 the the DT 34823 5885 35 business business NN 34823 5885 36 to to IN 34823 5885 37 a a DT 34823 5885 38 close close NN 34823 5885 39 -- -- : 34823 5885 40 or or CC 34823 5885 41 else else RB 34823 5885 42 forcing force VBG 34823 5885 43 the the DT 34823 5885 44 factory factory NN 34823 5885 45 to to TO 34823 5885 46 get get VB 34823 5885 47 accommodation accommodation NN 34823 5885 48 elsewhere elsewhere RB 34823 5885 49 . . . 34823 5886 1 The the DT 34823 5886 2 $ $ $ 34823 5886 3 10,000 10,000 CD 34823 5886 4 that that WDT 34823 5886 5 is be VBZ 34823 5886 6 liquid liquid JJ 34823 5886 7 is be VBZ 34823 5886 8 by by IN 34823 5886 9 no no DT 34823 5886 10 means means NN 34823 5886 11 all all DT 34823 5886 12 spent spend VBN 34823 5886 13 for for IN 34823 5886 14 goods good NNS 34823 5886 15 , , , 34823 5886 16 but but CC 34823 5886 17 is be VBZ 34823 5886 18 spent spend VBN 34823 5886 19 , , , 34823 5886 20 in in IN 34823 5886 21 part part NN 34823 5886 22 , , , 34823 5886 23 for for IN 34823 5886 24 wages wage NNS 34823 5886 25 . . . 34823 5887 1 _ _ NNP 34823 5887 2 None None NNP 34823 5887 3 _ _ NNP 34823 5887 4 of of IN 34823 5887 5 the the DT 34823 5887 6 $ $ $ 34823 5887 7 10,000 10,000 CD 34823 5887 8 is be VBZ 34823 5887 9 spent spend VBN 34823 5887 10 for for IN 34823 5887 11 goods good NNS 34823 5887 12 which which WDT 34823 5887 13 are be VBP 34823 5887 14 to to TO 34823 5887 15 be be VB 34823 5887 16 resold resold VBN 34823 5887 17 without without IN 34823 5887 18 being be VBG 34823 5887 19 transformed transform VBN 34823 5887 20 by by IN 34823 5887 21 manufacture manufacture NN 34823 5887 22 . . . 34823 5888 1 None none NN 34823 5888 2 of of IN 34823 5888 3 the the DT 34823 5888 4 $ $ $ 34823 5888 5 30,000 30,000 CD 34823 5888 6 , , , 34823 5888 7 therefore therefore RB 34823 5888 8 , , , 34823 5888 9 is be VBZ 34823 5888 10 , , , 34823 5888 11 in in IN 34823 5888 12 the the DT 34823 5888 13 strict strict JJ 34823 5888 14 sense sense NN 34823 5888 15 , , , 34823 5888 16 " " '' 34823 5888 17 commercial commercial JJ 34823 5888 18 paper paper NN 34823 5888 19 . . . 34823 5888 20 " " '' 34823 5889 1 It -PRON- PRP 34823 5889 2 is be VBZ 34823 5889 3 manufacturer manufacturer NN 34823 5889 4 's 's POS 34823 5889 5 paper paper NN 34823 5889 6 . . . 34823 5890 1 Part part NN 34823 5890 2 of of IN 34823 5890 3 it -PRON- PRP 34823 5890 4 is be VBZ 34823 5890 5 virtually virtually RB 34823 5890 6 as as RB 34823 5890 7 liquid liquid JJ 34823 5890 8 as as IN 34823 5890 9 commercial commercial JJ 34823 5890 10 paper paper NN 34823 5890 11 ; ; : 34823 5890 12 two two CD 34823 5890 13 - - HYPH 34823 5890 14 thirds third NNS 34823 5890 15 of of IN 34823 5890 16 it -PRON- PRP 34823 5890 17 is be VBZ 34823 5890 18 not not RB 34823 5890 19 liquid liquid JJ 34823 5890 20 . . . 34823 5891 1 A a DT 34823 5891 2 very very RB 34823 5891 3 large large JJ 34823 5891 4 part part NN 34823 5891 5 indeed indeed RB 34823 5891 6 of of IN 34823 5891 7 bank bank NN 34823 5891 8 - - HYPH 34823 5891 9 loans loan NNS 34823 5891 10 are be VBP 34823 5891 11 of of IN 34823 5891 12 this this DT 34823 5891 13 character character NN 34823 5891 14 . . . 34823 5892 1 A a DT 34823 5892 2 large large JJ 34823 5892 3 part part NN 34823 5892 4 of of IN 34823 5892 5 the the DT 34823 5892 6 loans loan NNS 34823 5892 7 made make VBN 34823 5892 8 to to IN 34823 5892 9 farmers farmer NNS 34823 5892 10 are be VBP 34823 5892 11 in in IN 34823 5892 12 no no DT 34823 5892 13 sense sense NN 34823 5892 14 liquid liquid NN 34823 5892 15 : : : 34823 5892 16 when when WRB 34823 5892 17 the the DT 34823 5892 18 loan loan NN 34823 5892 19 is be VBZ 34823 5892 20 made make VBN 34823 5892 21 , , , 34823 5892 22 for for IN 34823 5892 23 , , , 34823 5892 24 say say UH 34823 5892 25 , , , 34823 5892 26 six six CD 34823 5892 27 months,[521 months,[521 NN 34823 5892 28 ] ] -RRB- 34823 5892 29 it -PRON- PRP 34823 5892 30 is be VBZ 34823 5892 31 perfectly perfectly RB 34823 5892 32 understood understand VBN 34823 5892 33 by by IN 34823 5892 34 both both CC 34823 5892 35 bank bank NN 34823 5892 36 and and CC 34823 5892 37 borrower borrower NN 34823 5892 38 that that IN 34823 5892 39 a a DT 34823 5892 40 renewal renewal NN 34823 5892 41 will will MD 34823 5892 42 be be VB 34823 5892 43 asked ask VBN 34823 5892 44 for for IN 34823 5892 45 and and CC 34823 5892 46 granted grant VBN 34823 5892 47 . . . 34823 5893 1 It -PRON- PRP 34823 5893 2 is be VBZ 34823 5893 3 impossible impossible JJ 34823 5893 4 to to TO 34823 5893 5 say say VB 34823 5893 6 what what WDT 34823 5893 7 fraction fraction NN 34823 5893 8 of of IN 34823 5893 9 this this DT 34823 5893 10 $ $ $ 34823 5893 11 4,821,000,000 4,821,000,000 CD 34823 5893 12 of of IN 34823 5893 13 " " `` 34823 5893 14 other other JJ 34823 5893 15 loans loan NNS 34823 5893 16 and and CC 34823 5893 17 discounts discount NNS 34823 5893 18 " " `` 34823 5893 19 is be VBZ 34823 5893 20 really really RB 34823 5893 21 liquid liquid JJ 34823 5893 22 commercial commercial JJ 34823 5893 23 paper paper NN 34823 5893 24 , , , 34823 5893 25 or or CC 34823 5893 26 liquid liquid JJ 34823 5893 27 paper paper NN 34823 5893 28 of of IN 34823 5893 29 any any DT 34823 5893 30 kind kind NN 34823 5893 31 , , , 34823 5893 32 in in IN 34823 5893 33 the the DT 34823 5893 34 sense sense NN 34823 5893 35 that that IN 34823 5893 36 it -PRON- PRP 34823 5893 37 can can MD 34823 5893 38 be be VB 34823 5893 39 automatically automatically RB 34823 5893 40 paid pay VBN 34823 5893 41 off off RP 34823 5893 42 at at IN 34823 5893 43 maturity maturity NN 34823 5893 44 . . . 34823 5894 1 I -PRON- PRP 34823 5894 2 venture venture VBP 34823 5894 3 the the DT 34823 5894 4 statement statement NN 34823 5894 5 with with IN 34823 5894 6 entire entire JJ 34823 5894 7 confidence confidence NN 34823 5894 8 , , , 34823 5894 9 however however RB 34823 5894 10 , , , 34823 5894 11 that that IN 34823 5894 12 the the DT 34823 5894 13 proportion proportion NN 34823 5894 14 of of IN 34823 5894 15 liquid liquid JJ 34823 5894 16 paper paper NN 34823 5894 17 is be VBZ 34823 5894 18 not not RB 34823 5894 19 one one CD 34823 5894 20 - - HYPH 34823 5894 21 half half NN 34823 5894 22 of of IN 34823 5894 23 the the DT 34823 5894 24 amount amount NN 34823 5894 25 . . . 34823 5895 1 I -PRON- PRP 34823 5895 2 should should MD 34823 5895 3 question question VB 34823 5895 4 if if IN 34823 5895 5 more more JJR 34823 5895 6 than than IN 34823 5895 7 one one CD 34823 5895 8 - - HYPH 34823 5895 9 fourth fourth NN 34823 5895 10 of of IN 34823 5895 11 it -PRON- PRP 34823 5895 12 is be VBZ 34823 5895 13 truly truly RB 34823 5895 14 liquid liquid JJ 34823 5895 15 , , , 34823 5895 16 in in IN 34823 5895 17 the the DT 34823 5895 18 sense sense NN 34823 5895 19 in in IN 34823 5895 20 which which WDT 34823 5895 21 that that DT 34823 5895 22 term term NN 34823 5895 23 is be VBZ 34823 5895 24 commonly commonly RB 34823 5895 25 used use VBN 34823 5895 26 : : : 34823 5895 27 meaning mean VBG 34823 5895 28 that that IN 34823 5895 29 the the DT 34823 5895 30 loan loan NN 34823 5895 31 is be VBZ 34823 5895 32 made make VBN 34823 5895 33 to to TO 34823 5895 34 put put VB 34823 5895 35 through through RP 34823 5895 36 a a DT 34823 5895 37 transaction transaction NN 34823 5895 38 which which WDT 34823 5895 39 will will MD 34823 5895 40 be be VB 34823 5895 41 completed complete VBN 34823 5895 42 during during IN 34823 5895 43 the the DT 34823 5895 44 term term NN 34823 5895 45 of of IN 34823 5895 46 the the DT 34823 5895 47 loan loan NN 34823 5895 48 , , , 34823 5895 49 and and CC 34823 5895 50 permit permit VB 34823 5895 51 the the DT 34823 5895 52 loan loan NN 34823 5895 53 automatically automatically RB 34823 5895 54 to to TO 34823 5895 55 be be VB 34823 5895 56 paid pay VBN 34823 5895 57 off off RP 34823 5895 58 . . . 34823 5896 1 I -PRON- PRP 34823 5896 2 do do VBP 34823 5896 3 not not RB 34823 5896 4 mean mean VB 34823 5896 5 by by IN 34823 5896 6 this this DT 34823 5896 7 merely merely RB 34823 5896 8 that that IN 34823 5896 9 the the DT 34823 5896 10 banks bank NNS 34823 5896 11 could could MD 34823 5896 12 not not RB 34823 5896 13 reduce reduce VB 34823 5896 14 this this DT 34823 5896 15 item item NN 34823 5896 16 by by IN 34823 5896 17 one one CD 34823 5896 18 - - HYPH 34823 5896 19 fourth fourth NN 34823 5896 20 suddenly suddenly RB 34823 5896 21 . . . 34823 5897 1 Even even RB 34823 5897 2 in in IN 34823 5897 3 a a DT 34823 5897 4 market market NN 34823 5897 5 made make VBD 34823 5897 6 up up RP 34823 5897 7 wholly wholly RB 34823 5897 8 of of IN 34823 5897 9 highly highly RB 34823 5897 10 liquid liquid JJ 34823 5897 11 paper paper NN 34823 5897 12 , , , 34823 5897 13 an an DT 34823 5897 14 arbitrary arbitrary JJ 34823 5897 15 refusal refusal NN 34823 5897 16 to to TO 34823 5897 17 renew renew VB 34823 5897 18 one one CD 34823 5897 19 - - HYPH 34823 5897 20 fourth fourth NN 34823 5897 21 of of IN 34823 5897 22 the the DT 34823 5897 23 loans loan NNS 34823 5897 24 , , , 34823 5897 25 with with IN 34823 5897 26 the the DT 34823 5897 27 effort effort NN 34823 5897 28 to to TO 34823 5897 29 reduce reduce VB 34823 5897 30 loans loan NNS 34823 5897 31 and and CC 34823 5897 32 discounts discount NNS 34823 5897 33 by by IN 34823 5897 34 one one CD 34823 5897 35 - - HYPH 34823 5897 36 fourth fourth NN 34823 5897 37 , , , 34823 5897 38 would would MD 34823 5897 39 occasion occasion VB 34823 5897 40 great great JJ 34823 5897 41 embarrassment embarrassment NN 34823 5897 42 and and CC 34823 5897 43 even even RB 34823 5897 44 disaster disaster NN 34823 5897 45 . . . 34823 5898 1 The the DT 34823 5898 2 test test NN 34823 5898 3 of of IN 34823 5898 4 liquidity liquidity NN 34823 5898 5 here here RB 34823 5898 6 applied apply VBD 34823 5898 7 relates relate VBZ 34823 5898 8 to to IN 34823 5898 9 the the DT 34823 5898 10 items item NNS 34823 5898 11 separately separately RB 34823 5898 12 , , , 34823 5898 13 on on IN 34823 5898 14 the the DT 34823 5898 15 assumption assumption NN 34823 5898 16 that that IN 34823 5898 17 other other JJ 34823 5898 18 things thing NNS 34823 5898 19 are be VBP 34823 5898 20 not not RB 34823 5898 21 radically radically RB 34823 5898 22 changed change VBN 34823 5898 23 . . . 34823 5899 1 Even even RB 34823 5899 2 in in IN 34823 5899 3 this this DT 34823 5899 4 sense sense NN 34823 5899 5 , , , 34823 5899 6 however however RB 34823 5899 7 , , , 34823 5899 8 viewing view VBG 34823 5899 9 each each DT 34823 5899 10 loan loan NN 34823 5899 11 transaction transaction NN 34823 5899 12 separately separately RB 34823 5899 13 , , , 34823 5899 14 it -PRON- PRP 34823 5899 15 may may MD 34823 5899 16 well well RB 34823 5899 17 be be VB 34823 5899 18 questioned question VBN 34823 5899 19 if if IN 34823 5899 20 the the DT 34823 5899 21 banks bank NNS 34823 5899 22 in in IN 34823 5899 23 the the DT 34823 5899 24 United United NNP 34823 5899 25 States States NNP 34823 5899 26 could could MD 34823 5899 27 find find VB 34823 5899 28 among among IN 34823 5899 29 their -PRON- PRP$ 34823 5899 30 " " `` 34823 5899 31 other other JJ 34823 5899 32 loans loan NNS 34823 5899 33 and and CC 34823 5899 34 discounts discount NNS 34823 5899 35 " " `` 34823 5899 36 items item NNS 34823 5899 37 exceeding exceed VBG 34823 5899 38 a a DT 34823 5899 39 fourth fourth JJ 34823 5899 40 of of IN 34823 5899 41 the the DT 34823 5899 42 total total NN 34823 5899 43 ( ( -LRB- 34823 5899 44 in in IN 34823 5899 45 value value NN 34823 5899 46 ) ) -RRB- 34823 5899 47 which which WDT 34823 5899 48 they -PRON- PRP 34823 5899 49 could could MD 34823 5899 50 refuse refuse VB 34823 5899 51 to to TO 34823 5899 52 renew renew VB 34823 5899 53 , , , 34823 5899 54 at at IN 34823 5899 55 least least JJS 34823 5899 56 in in IN 34823 5899 57 large large JJ 34823 5899 58 part part NN 34823 5899 59 , , , 34823 5899 60 without without IN 34823 5899 61 disappointing disappointing JJ 34823 5899 62 reasonable reasonable JJ 34823 5899 63 expectations expectation NNS 34823 5899 64 , , , 34823 5899 65 and and CC 34823 5899 66 embarrassing embarrass VBG 34823 5899 67 good good JJ 34823 5899 68 business business NN 34823 5899 69 men man NNS 34823 5899 70 . . . 34823 5900 1 [ [ -LRB- 34823 5900 2 522 522 CD 34823 5900 3 ] ] -RRB- 34823 5900 4 Of of IN 34823 5900 5 this this DT 34823 5900 6 paper paper NN 34823 5900 7 , , , 34823 5900 8 not not RB 34823 5900 9 truly truly RB 34823 5900 10 liquid liquid JJ 34823 5900 11 , , , 34823 5900 12 no no RB 34823 5900 13 doubt doubt RB 34823 5900 14 a a DT 34823 5900 15 good good JJ 34823 5900 16 deal deal NN 34823 5900 17 is be VBZ 34823 5900 18 advanced advance VBN 34823 5900 19 to to IN 34823 5900 20 wholesale wholesale JJ 34823 5900 21 and and CC 34823 5900 22 retail retail JJ 34823 5900 23 merchants merchant NNS 34823 5900 24 , , , 34823 5900 25 and and CC 34823 5900 26 is be VBZ 34823 5900 27 , , , 34823 5900 28 in in IN 34823 5900 29 this this DT 34823 5900 30 sense sense NN 34823 5900 31 , , , 34823 5900 32 commercial commercial JJ 34823 5900 33 paper paper NN 34823 5900 34 . . . 34823 5901 1 The the DT 34823 5901 2 terms term NNS 34823 5901 3 , , , 34823 5901 4 " " `` 34823 5901 5 liquid liquid JJ 34823 5901 6 paper paper NN 34823 5901 7 " " '' 34823 5901 8 and and CC 34823 5901 9 " " `` 34823 5901 10 commercial commercial JJ 34823 5901 11 paper paper NN 34823 5901 12 " " '' 34823 5901 13 by by IN 34823 5901 14 no no DT 34823 5901 15 means means NN 34823 5901 16 run run VB 34823 5901 17 on on IN 34823 5901 18 all all DT 34823 5901 19 fours four NNS 34823 5901 20 ! ! . 34823 5902 1 As as IN 34823 5902 2 will will MD 34823 5902 3 later later RB 34823 5902 4 appear appear VB 34823 5902 5 , , , 34823 5902 6 the the DT 34823 5902 7 bulk bulk NN 34823 5902 8 of of IN 34823 5902 9 liquid liquid JJ 34823 5902 10 banking banking NN 34823 5902 11 assets asset NNS 34823 5902 12 are be VBP 34823 5902 13 not not RB 34823 5902 14 commercial commercial JJ 34823 5902 15 paper paper NN 34823 5902 16 at at RB 34823 5902 17 all all RB 34823 5902 18 . . . 34823 5903 1 And and CC 34823 5903 2 only only RB 34823 5903 3 that that DT 34823 5903 4 part part NN 34823 5903 5 of of IN 34823 5903 6 a a DT 34823 5903 7 bank bank NN 34823 5903 8 's 's POS 34823 5903 9 loans loan NNS 34823 5903 10 to to IN 34823 5903 11 a a DT 34823 5903 12 merchant merchant NN 34823 5903 13 may may MD 34823 5903 14 be be VB 34823 5903 15 called call VBN 34823 5903 16 " " `` 34823 5903 17 liquid liquid NN 34823 5903 18 " " '' 34823 5903 19 which which WDT 34823 5903 20 can can MD 34823 5903 21 be be VB 34823 5903 22 paid pay VBN 34823 5903 23 off off RP 34823 5903 24 by by IN 34823 5903 25 the the DT 34823 5903 26 merchant merchant NN 34823 5903 27 without without IN 34823 5903 28 disappointing disappoint VBG 34823 5903 29 his -PRON- PRP$ 34823 5903 30 reasonable reasonable JJ 34823 5903 31 expectations,--causing expectations,--causing IN 34823 5903 32 him -PRON- PRP 34823 5903 33 to to TO 34823 5903 34 seek seek VB 34823 5903 35 other other JJ 34823 5903 36 banking banking NN 34823 5903 37 connections connection NNS 34823 5903 38 . . . 34823 5904 1 There there EX 34823 5904 2 is be VBZ 34823 5904 3 , , , 34823 5904 4 however however RB 34823 5904 5 , , , 34823 5904 6 another another DT 34823 5904 7 item item NN 34823 5904 8 in in IN 34823 5904 9 which which WDT 34823 5904 10 we -PRON- PRP 34823 5904 11 may may MD 34823 5904 12 find find VB 34823 5904 13 some some DT 34823 5904 14 commercial commercial JJ 34823 5904 15 paper paper NN 34823 5904 16 , , , 34823 5904 17 and and CC 34823 5904 18 this this DT 34823 5904 19 is be VBZ 34823 5904 20 the the DT 34823 5904 21 item item NN 34823 5904 22 , , , 34823 5904 23 " " `` 34823 5904 24 loans loan NNS 34823 5904 25 on on IN 34823 5904 26 other other JJ 34823 5904 27 collateral collateral JJ 34823 5904 28 security security NN 34823 5904 29 . . . 34823 5904 30 " " '' 34823 5905 1 This this DT 34823 5905 2 has have VBZ 34823 5905 3 commonly commonly RB 34823 5905 4 been be VBN 34823 5905 5 supposed suppose VBN 34823 5905 6 to to TO 34823 5905 7 be be VB 34823 5905 8 virtually virtually RB 34823 5905 9 all all DT 34823 5905 10 stock stock NN 34823 5905 11 exchange exchange NN 34823 5905 12 loans loan NNS 34823 5905 13 . . . 34823 5906 1 Thus thus RB 34823 5906 2 , , , 34823 5906 3 Conant[523 conant[523 NN 34823 5906 4 ] ] -RRB- 34823 5906 5 cites cite VBZ 34823 5906 6 the the DT 34823 5906 7 growth growth NN 34823 5906 8 in in IN 34823 5906 9 this this DT 34823 5906 10 item item NN 34823 5906 11 in in IN 34823 5906 12 New New NNP 34823 5906 13 York York NNP 34823 5906 14 as as IN 34823 5906 15 evidence evidence NN 34823 5906 16 of of IN 34823 5906 17 the the DT 34823 5906 18 growth growth NN 34823 5906 19 of of IN 34823 5906 20 loans loan NNS 34823 5906 21 on on IN 34823 5906 22 stocks stock NNS 34823 5906 23 and and CC 34823 5906 24 bonds bond NNS 34823 5906 25 . . . 34823 5907 1 For for IN 34823 5907 2 New New NNP 34823 5907 3 York York NNP 34823 5907 4 , , , 34823 5907 5 loans loan NNS 34823 5907 6 on on IN 34823 5907 7 stocks stock NNS 34823 5907 8 and and CC 34823 5907 9 bonds bond NNS 34823 5907 10 do do VBP 34823 5907 11 make make VB 34823 5907 12 up up RP 34823 5907 13 the the DT 34823 5907 14 great great JJ 34823 5907 15 bulk bulk NN 34823 5907 16 of of IN 34823 5907 17 this this DT 34823 5907 18 item item NN 34823 5907 19 . . . 34823 5908 1 Even even RB 34823 5908 2 in in IN 34823 5908 3 New New NNP 34823 5908 4 York York NNP 34823 5908 5 , , , 34823 5908 6 however however RB 34823 5908 7 , , , 34823 5908 8 there there EX 34823 5908 9 are be VBP 34823 5908 10 other other JJ 34823 5908 11 factors factor NNS 34823 5908 12 in in IN 34823 5908 13 it -PRON- PRP 34823 5908 14 , , , 34823 5908 15 absolutely absolutely RB 34823 5908 16 , , , 34823 5908 17 even even RB 34823 5908 18 though though IN 34823 5908 19 not not RB 34823 5908 20 relatively relatively RB 34823 5908 21 , , , 34823 5908 22 important important JJ 34823 5908 23 , , , 34823 5908 24 and and CC 34823 5908 25 in in IN 34823 5908 26 the the DT 34823 5908 27 country country NN 34823 5908 28 outside outside RB 34823 5908 29 , , , 34823 5908 30 the the DT 34823 5908 31 other other JJ 34823 5908 32 elements element NNS 34823 5908 33 are be VBP 34823 5908 34 not not RB 34823 5908 35 at at RB 34823 5908 36 all all RB 34823 5908 37 negligible negligible JJ 34823 5908 38 , , , 34823 5908 39 even even RB 34823 5908 40 though though IN 34823 5908 41 for for IN 34823 5908 42 the the DT 34823 5908 43 outside outside JJ 34823 5908 44 country country NN 34823 5908 45 the the DT 34823 5908 46 part part NN 34823 5908 47 secured secure VBN 34823 5908 48 by by IN 34823 5908 49 stocks stock NNS 34823 5908 50 and and CC 34823 5908 51 bonds bond NNS 34823 5908 52 is be VBZ 34823 5908 53 the the DT 34823 5908 54 major major JJ 34823 5908 55 part part NN 34823 5908 56 , , , 34823 5908 57 and and CC 34823 5908 58 even even RB 34823 5908 59 though though IN 34823 5908 60 the the DT 34823 5908 61 growth growth NN 34823 5908 62 of of IN 34823 5908 63 this this DT 34823 5908 64 item item NN 34823 5908 65 in in IN 34823 5908 66 our -PRON- PRP$ 34823 5908 67 total total JJ 34823 5908 68 banking banking NN 34823 5908 69 assets asset NNS 34823 5908 70 is be VBZ 34823 5908 71 , , , 34823 5908 72 in in IN 34823 5908 73 general general JJ 34823 5908 74 , , , 34823 5908 75 fairly fairly RB 34823 5908 76 indicative indicative JJ 34823 5908 77 of of IN 34823 5908 78 the the DT 34823 5908 79 growth growth NN 34823 5908 80 of of IN 34823 5908 81 loans loan NNS 34823 5908 82 secured secure VBN 34823 5908 83 by by IN 34823 5908 84 stocks stock NNS 34823 5908 85 and and CC 34823 5908 86 bonds bond NNS 34823 5908 87 . . . 34823 5909 1 Figures figure NNS 34823 5909 2 for for IN 34823 5909 3 the the DT 34823 5909 4 other other JJ 34823 5909 5 items item NNS 34823 5909 6 are be VBP 34823 5909 7 not not RB 34823 5909 8 available available JJ 34823 5909 9 for for IN 34823 5909 10 State State NNP 34823 5909 11 banks bank NNS 34823 5909 12 , , , 34823 5909 13 trust trust NN 34823 5909 14 companies company NNS 34823 5909 15 or or CC 34823 5909 16 savings saving NNS 34823 5909 17 and and CC 34823 5909 18 private private JJ 34823 5909 19 banks bank NNS 34823 5909 20 . . . 34823 5910 1 They -PRON- PRP 34823 5910 2 are be VBP 34823 5910 3 not not RB 34823 5910 4 till till IN 34823 5910 5 very very RB 34823 5910 6 recently recently RB 34823 5910 7 available available JJ 34823 5910 8 for for IN 34823 5910 9 national national JJ 34823 5910 10 banks bank NNS 34823 5910 11 . . . 34823 5911 1 In in IN 34823 5911 2 1915,[524 1915,[524 NNS 34823 5911 3 ] ] -RRB- 34823 5911 4 however however RB 34823 5911 5 , , , 34823 5911 6 the the DT 34823 5911 7 Comptroller Comptroller NNP 34823 5911 8 separates separate VBZ 34823 5911 9 the the DT 34823 5911 10 item item NN 34823 5911 11 , , , 34823 5911 12 " " `` 34823 5911 13 loans loan NNS 34823 5911 14 on on IN 34823 5911 15 other other JJ 34823 5911 16 collateral collateral JJ 34823 5911 17 security security NN 34823 5911 18 , , , 34823 5911 19 " " '' 34823 5911 20 for for IN 34823 5911 21 national national JJ 34823 5911 22 banks bank NNS 34823 5911 23 , , , 34823 5911 24 into into IN 34823 5911 25 two two CD 34823 5911 26 parts part NNS 34823 5911 27 , , , 34823 5911 28 ( ( -LRB- 34823 5911 29 1 1 LS 34823 5911 30 ) ) -RRB- 34823 5911 31 loans loan NNS 34823 5911 32 " " '' 34823 5911 33 secured secure VBN 34823 5911 34 by by IN 34823 5911 35 stocks stock NNS 34823 5911 36 and and CC 34823 5911 37 bonds bond NNS 34823 5911 38 " " '' 34823 5911 39 ( ( -LRB- 34823 5911 40 $ $ $ 34823 5911 41 1,750,597,273 1,750,597,273 CD 34823 5911 42 ) ) -RRB- 34823 5911 43 , , , 34823 5911 44 and and CC 34823 5911 45 ( ( -LRB- 34823 5911 46 2 2 LS 34823 5911 47 ) ) -RRB- 34823 5911 48 loans loan NNS 34823 5911 49 " " '' 34823 5911 50 secured secure VBN 34823 5911 51 by by IN 34823 5911 52 other other JJ 34823 5911 53 personal personal JJ 34823 5911 54 securities security NNS 34823 5911 55 , , , 34823 5911 56 including include VBG 34823 5911 57 merchandise merchandise NN 34823 5911 58 , , , 34823 5911 59 warehouse warehouse NN 34823 5911 60 receipts receipt NNS 34823 5911 61 , , , 34823 5911 62 etc etc FW 34823 5911 63 . . . 34823 5911 64 " " '' 34823 5912 1 ( ( -LRB- 34823 5912 2 $ $ $ 34823 5912 3 882,749,812 882,749,812 CD 34823 5912 4 ) ) -RRB- 34823 5912 5 . . . 34823 5913 1 Is be VBZ 34823 5913 2 there there EX 34823 5913 3 any any DT 34823 5913 4 commercial commercial JJ 34823 5913 5 paper paper NN 34823 5913 6 in in IN 34823 5913 7 this this DT 34823 5913 8 last last JJ 34823 5913 9 , , , 34823 5913 10 not not RB 34823 5913 11 inconsiderable inconsiderable JJ 34823 5913 12 , , , 34823 5913 13 item item NN 34823 5913 14 ? ? . 34823 5914 1 Let let VB 34823 5914 2 us -PRON- PRP 34823 5914 3 locate locate VB 34823 5914 4 the the DT 34823 5914 5 item item NN 34823 5914 6 , , , 34823 5914 7 in in IN 34823 5914 8 the the DT 34823 5914 9 effort effort NN 34823 5914 10 to to TO 34823 5914 11 find find VB 34823 5914 12 out out RP 34823 5914 13 . . . 34823 5915 1 The the DT 34823 5915 2 percentage percentage NN 34823 5915 3 runs run VBZ 34823 5915 4 highest highest RBS 34823 5915 5 in in IN 34823 5915 6 Chicago Chicago NNP 34823 5915 7 , , , 34823 5915 8 where where WRB 34823 5915 9 this this DT 34823 5915 10 class class NN 34823 5915 11 of of IN 34823 5915 12 collateral collateral JJ 34823 5915 13 loan loan NN 34823 5915 14 exceeds exceed VBZ 34823 5915 15 the the DT 34823 5915 16 loans loan NNS 34823 5915 17 on on IN 34823 5915 18 stocks stock NNS 34823 5915 19 and and CC 34823 5915 20 bonds bond NNS 34823 5915 21 . . . 34823 5916 1 The the DT 34823 5916 2 inference inference NN 34823 5916 3 is be VBZ 34823 5916 4 strongly strongly RB 34823 5916 5 suggested suggest VBN 34823 5916 6 , , , 34823 5916 7 therefore therefore RB 34823 5916 8 , , , 34823 5916 9 that that IN 34823 5916 10 much much JJ 34823 5916 11 of of IN 34823 5916 12 it -PRON- PRP 34823 5916 13 , , , 34823 5916 14 there there RB 34823 5916 15 , , , 34823 5916 16 at at IN 34823 5916 17 least least JJS 34823 5916 18 , , , 34823 5916 19 represents represent VBZ 34823 5916 20 advances advance NNS 34823 5916 21 to to TO 34823 5916 22 live live VB 34823 5916 23 - - HYPH 34823 5916 24 stock stock NN 34823 5916 25 , , , 34823 5916 26 grain grain NN 34823 5916 27 and and CC 34823 5916 28 produce produce VB 34823 5916 29 traders trader NNS 34823 5916 30 and and CC 34823 5916 31 speculators speculator NNS 34823 5916 32 on on IN 34823 5916 33 the the DT 34823 5916 34 Board Board NNP 34823 5916 35 of of IN 34823 5916 36 Trade Trade NNP 34823 5916 37 , , , 34823 5916 38 at at IN 34823 5916 39 the the DT 34823 5916 40 stock stock NN 34823 5916 41 yards yard NNS 34823 5916 42 , , , 34823 5916 43 etc etc FW 34823 5916 44 . . . 34823 5917 1 The the DT 34823 5917 2 inference inference NN 34823 5917 3 is be VBZ 34823 5917 4 strengthened strengthen VBN 34823 5917 5 by by IN 34823 5917 6 the the DT 34823 5917 7 fact fact NN 34823 5917 8 that that IN 34823 5917 9 St. St. NNP 34823 5917 10 Louis Louis NNP 34823 5917 11 , , , 34823 5917 12 where where WRB 34823 5917 13 there there EX 34823 5917 14 is be VBZ 34823 5917 15 a a DT 34823 5917 16 good good JJ 34823 5917 17 deal deal NN 34823 5917 18 of of IN 34823 5917 19 grain grain NN 34823 5917 20 and and CC 34823 5917 21 commodity commodity NN 34823 5917 22 speculation speculation NN 34823 5917 23 , , , 34823 5917 24 shows show VBZ 34823 5917 25 more more RBR 34823 5917 26 than than IN 34823 5917 27 twice twice PDT 34823 5917 28 as as RB 34823 5917 29 much much JJ 34823 5917 30 of of IN 34823 5917 31 this this DT 34823 5917 32 kind kind NN 34823 5917 33 of of IN 34823 5917 34 paper paper NN 34823 5917 35 as as IN 34823 5917 36 does do VBZ 34823 5917 37 Boston Boston NNP 34823 5917 38 , , , 34823 5917 39 where where WRB 34823 5917 40 this this DT 34823 5917 41 kind kind NN 34823 5917 42 of of IN 34823 5917 43 speculation speculation NN 34823 5917 44 is be VBZ 34823 5917 45 unimportant unimportant JJ 34823 5917 46 -- -- : 34823 5917 47 despite despite IN 34823 5917 48 the the DT 34823 5917 49 fact fact NN 34823 5917 50 that that IN 34823 5917 51 Boston Boston NNP 34823 5917 52 's 's POS 34823 5917 53 aggregate aggregate JJ 34823 5917 54 collateral collateral JJ 34823 5917 55 loans loan NNS 34823 5917 56 of of IN 34823 5917 57 all all DT 34823 5917 58 kinds kind NNS 34823 5917 59 greatly greatly RB 34823 5917 60 exceed exceed VBP 34823 5917 61 such such JJ 34823 5917 62 loans loan NNS 34823 5917 63 in in IN 34823 5917 64 St. St. NNP 34823 5917 65 Louis Louis NNP 34823 5917 66 . . . 34823 5918 1 In in IN 34823 5918 2 New New NNP 34823 5918 3 York York NNP 34823 5918 4 , , , 34823 5918 5 where where WRB 34823 5918 6 there there EX 34823 5918 7 is be VBZ 34823 5918 8 a a DT 34823 5918 9 great great JJ 34823 5918 10 deal deal NN 34823 5918 11 of of IN 34823 5918 12 coffee coffee NN 34823 5918 13 and and CC 34823 5918 14 cotton cotton NN 34823 5918 15 speculation speculation NN 34823 5918 16 , , , 34823 5918 17 and and CC 34823 5918 18 some some DT 34823 5918 19 other other JJ 34823 5918 20 commodity commodity NN 34823 5918 21 speculation speculation NN 34823 5918 22 , , , 34823 5918 23 the the DT 34823 5918 24 amount amount NN 34823 5918 25 of of IN 34823 5918 26 this this DT 34823 5918 27 paper paper NN 34823 5918 28 , , , 34823 5918 29 though though IN 34823 5918 30 relatively relatively RB 34823 5918 31 small small JJ 34823 5918 32 , , , 34823 5918 33 is be VBZ 34823 5918 34 absolutely absolutely RB 34823 5918 35 greater great JJR 34823 5918 36 than than IN 34823 5918 37 in in IN 34823 5918 38 any any DT 34823 5918 39 other other JJ 34823 5918 40 city city NN 34823 5918 41 . . . 34823 5919 1 No no RB 34823 5919 2 doubt doubt RB 34823 5919 3 , , , 34823 5919 4 in in IN 34823 5919 5 New New NNP 34823 5919 6 York York NNP 34823 5919 7 , , , 34823 5919 8 which which WDT 34823 5919 9 is be VBZ 34823 5919 10 the the DT 34823 5919 11 country country NN 34823 5919 12 's 's POS 34823 5919 13 centre centre NN 34823 5919 14 for for IN 34823 5919 15 foreign foreign NNP 34823 5919 16 commerce commerce NNP 34823 5919 17 , , , 34823 5919 18 a a DT 34823 5919 19 fair fair JJ 34823 5919 20 amount amount NN 34823 5919 21 of of IN 34823 5919 22 the the DT 34823 5919 23 paper paper NN 34823 5919 24 secured secure VBN 34823 5919 25 by by IN 34823 5919 26 " " `` 34823 5919 27 other other JJ 34823 5919 28 personal personal JJ 34823 5919 29 securities security NNS 34823 5919 30 , , , 34823 5919 31 including include VBG 34823 5919 32 merchandise merchandise NN 34823 5919 33 , , , 34823 5919 34 warehouse warehouse NN 34823 5919 35 receipts receipt NNS 34823 5919 36 , , , 34823 5919 37 etc etc FW 34823 5919 38 . . FW 34823 5919 39 , , , 34823 5919 40 " " `` 34823 5919 41 is be VBZ 34823 5919 42 really really RB 34823 5919 43 commercial commercial JJ 34823 5919 44 paper paper NN 34823 5919 45 , , , 34823 5919 46 representing represent VBG 34823 5919 47 advances advance NNS 34823 5919 48 to to IN 34823 5919 49 importers importer NNS 34823 5919 50 and and CC 34823 5919 51 exporters exporter NNS 34823 5919 52 -- -- : 34823 5919 53 though though IN 34823 5919 54 the the DT 34823 5919 55 difficulties difficulty NNS 34823 5919 56 of of IN 34823 5919 57 giving give VBG 34823 5919 58 this this DT 34823 5919 59 kind kind NN 34823 5919 60 of of IN 34823 5919 61 security security NN 34823 5919 62 where where WRB 34823 5919 63 goods good NNS 34823 5919 64 are be VBP 34823 5919 65 in in IN 34823 5919 66 transit transit NN 34823 5919 67 would would MD 34823 5919 68 prevent prevent VB 34823 5919 69 most most JJS 34823 5919 70 of of IN 34823 5919 71 our -PRON- PRP$ 34823 5919 72 foreign foreign JJ 34823 5919 73 trade trade NN 34823 5919 74 being be VBG 34823 5919 75 financed finance VBN 34823 5919 76 in in IN 34823 5919 77 this this DT 34823 5919 78 manner manner NN 34823 5919 79 . . . 34823 5920 1 The the DT 34823 5920 2 total total NN 34823 5920 3 of of IN 34823 5920 4 this this DT 34823 5920 5 kind kind NN 34823 5920 6 of of IN 34823 5920 7 paper paper NN 34823 5920 8 in in IN 34823 5920 9 New New NNP 34823 5920 10 York York NNP 34823 5920 11 -- -- : 34823 5920 12 all all PDT 34823 5920 13 these these DT 34823 5920 14 figures figure NNS 34823 5920 15 are be VBP 34823 5920 16 for for IN 34823 5920 17 national national JJ 34823 5920 18 banks bank NNS 34823 5920 19 alone alone RB 34823 5920 20 -- -- : 34823 5920 21 was be VBD 34823 5920 22 only only RB 34823 5920 23 113 113 CD 34823 5920 24 millions million NNS 34823 5920 25 on on IN 34823 5920 26 June June NNP 34823 5920 27 23 23 CD 34823 5920 28 , , , 34823 5920 29 1915 1915 CD 34823 5920 30 . . . 34823 5921 1 [ [ -LRB- 34823 5921 2 525 525 CD 34823 5921 3 ] ] -RRB- 34823 5921 4 It -PRON- PRP 34823 5921 5 may may MD 34823 5921 6 be be VB 34823 5921 7 doubted doubt VBN 34823 5921 8 if if IN 34823 5921 9 very very RB 34823 5921 10 much much JJ 34823 5921 11 of of IN 34823 5921 12 this this DT 34823 5921 13 paper paper NN 34823 5921 14 , , , 34823 5921 15 in in IN 34823 5921 16 the the DT 34823 5921 17 great great JJ 34823 5921 18 cities city NNS 34823 5921 19 , , , 34823 5921 20 represents represent VBZ 34823 5921 21 goods good NNS 34823 5921 22 in in IN 34823 5921 23 transit transit NN 34823 5921 24 . . . 34823 5922 1 With with IN 34823 5922 2 the the DT 34823 5922 3 caution caution NN 34823 5922 4 that that IN 34823 5922 5 the the DT 34823 5922 6 view view NN 34823 5922 7 here here RB 34823 5922 8 expressed express VBN 34823 5922 9 is be VBZ 34823 5922 10 based base VBN 34823 5922 11 on on IN 34823 5922 12 inference inference NN 34823 5922 13 , , , 34823 5922 14 and and CC 34823 5922 15 not not RB 34823 5922 16 on on IN 34823 5922 17 actual actual JJ 34823 5922 18 knowledge knowledge NN 34823 5922 19 of of IN 34823 5922 20 what what WP 34823 5922 21 the the DT 34823 5922 22 large large JJ 34823 5922 23 city city NN 34823 5922 24 banks bank NNS 34823 5922 25 are be VBP 34823 5922 26 doing do VBG 34823 5922 27 , , , 34823 5922 28 the the DT 34823 5922 29 writer writer NN 34823 5922 30 concludes conclude VBZ 34823 5922 31 that that IN 34823 5922 32 probably probably RB 34823 5922 33 the the DT 34823 5922 34 bulk bulk NN 34823 5922 35 of of IN 34823 5922 36 this this DT 34823 5922 37 paper paper NN 34823 5922 38 , , , 34823 5922 39 in in IN 34823 5922 40 large large JJ 34823 5922 41 cities city NNS 34823 5922 42 , , , 34823 5922 43 represents represent VBZ 34823 5922 44 loans loan NNS 34823 5922 45 to to IN 34823 5922 46 speculators speculator NNS 34823 5922 47 rather rather RB 34823 5922 48 than than IN 34823 5922 49 to to IN 34823 5922 50 merchants merchant NNS 34823 5922 51 . . . 34823 5923 1 It -PRON- PRP 34823 5923 2 is be VBZ 34823 5923 3 liquid liquid JJ 34823 5923 4 , , , 34823 5923 5 but but CC 34823 5923 6 it -PRON- PRP 34823 5923 7 is be VBZ 34823 5923 8 not not RB 34823 5923 9 commercial commercial JJ 34823 5923 10 paper paper NN 34823 5923 11 . . . 34823 5924 1 What what WP 34823 5924 2 of of IN 34823 5924 3 such such JJ 34823 5924 4 paper paper NN 34823 5924 5 in in IN 34823 5924 6 the the DT 34823 5924 7 country country NN 34823 5924 8 districts district NNS 34823 5924 9 ? ? . 34823 5925 1 Nearly nearly RB 34823 5925 2 one one CD 34823 5925 3 - - HYPH 34823 5925 4 half--$436,000,000 half--$436,000,000 NN 34823 5925 5 out out IN 34823 5925 6 of of IN 34823 5925 7 $ $ $ 34823 5925 8 882,000,000 882,000,000 CD 34823 5925 9 - - : 34823 5925 10 -of -of NFP 34823 5925 11 these these DT 34823 5925 12 national national JJ 34823 5925 13 bank bank NN 34823 5925 14 - - HYPH 34823 5925 15 loans loan NNS 34823 5925 16 on on IN 34823 5925 17 " " `` 34823 5925 18 other other JJ 34823 5925 19 personal personal JJ 34823 5925 20 security security NN 34823 5925 21 , , , 34823 5925 22 including include VBG 34823 5925 23 merchandise merchandise NN 34823 5925 24 , , , 34823 5925 25 warehouse warehouse NN 34823 5925 26 receipts receipt NNS 34823 5925 27 , , , 34823 5925 28 etc etc FW 34823 5925 29 . . FW 34823 5925 30 , , , 34823 5925 31 " " `` 34823 5925 32 are be VBP 34823 5925 33 in in IN 34823 5925 34 the the DT 34823 5925 35 country country NN 34823 5925 36 , , , 34823 5925 37 outside outside IN 34823 5925 38 the the DT 34823 5925 39 Reserve Reserve NNP 34823 5925 40 and and CC 34823 5925 41 Central Central NNP 34823 5925 42 Reserve Reserve NNP 34823 5925 43 Cities Cities NNPS 34823 5925 44 . . . 34823 5926 1 Much much JJ 34823 5926 2 of of IN 34823 5926 3 it -PRON- PRP 34823 5926 4 is be VBZ 34823 5926 5 in in IN 34823 5926 6 the the DT 34823 5926 7 South South NNP 34823 5926 8 . . . 34823 5927 1 Much much JJ 34823 5927 2 of of IN 34823 5927 3 it -PRON- PRP 34823 5927 4 in in IN 34823 5927 5 the the DT 34823 5927 6 grain grain NN 34823 5927 7 and and CC 34823 5927 8 live live JJ 34823 5927 9 - - HYPH 34823 5927 10 stock stock NN 34823 5927 11 producing produce VBG 34823 5927 12 regions region NNS 34823 5927 13 . . . 34823 5928 1 What what WP 34823 5928 2 do do VBP 34823 5928 3 such such JJ 34823 5928 4 loans loan NNS 34823 5928 5 mean mean VB 34823 5928 6 ? ? . 34823 5929 1 [ [ -LRB- 34823 5929 2 526 526 CD 34823 5929 3 ] ] -RRB- 34823 5929 4 Much much JJ 34823 5929 5 of of IN 34823 5929 6 it -PRON- PRP 34823 5929 7 is be VBZ 34823 5929 8 loans loan NNS 34823 5929 9 to to IN 34823 5929 10 farmers farmer NNS 34823 5929 11 and and CC 34823 5929 12 planters planter NNS 34823 5929 13 . . . 34823 5930 1 In in IN 34823 5930 2 the the DT 34823 5930 3 South South NNP 34823 5930 4 , , , 34823 5930 5 much much JJ 34823 5930 6 of of IN 34823 5930 7 it -PRON- PRP 34823 5930 8 is be VBZ 34823 5930 9 on on IN 34823 5930 10 crop crop NN 34823 5930 11 liens lien NNS 34823 5930 12 . . . 34823 5931 1 The the DT 34823 5931 2 loans loan NNS 34823 5931 3 on on IN 34823 5931 4 cotton cotton NN 34823 5931 5 warehouse warehouse NN 34823 5931 6 receipts receipt NNS 34823 5931 7 , , , 34823 5931 8 at at IN 34823 5931 9 least least JJS 34823 5931 10 in in IN 34823 5931 11 the the DT 34823 5931 12 country country NN 34823 5931 13 parts part NNS 34823 5931 14 of of IN 34823 5931 15 the the DT 34823 5931 16 South South NNP 34823 5931 17 , , , 34823 5931 18 are be VBP 34823 5931 19 not not RB 34823 5931 20 as as RB 34823 5931 21 great great JJ 34823 5931 22 as as IN 34823 5931 23 is be VBZ 34823 5931 24 commonly commonly RB 34823 5931 25 supposed suppose VBN 34823 5931 26 . . . 34823 5932 1 In in IN 34823 5932 2 the the DT 34823 5932 3 North North NNP 34823 5932 4 and and CC 34823 5932 5 West West NNP 34823 5932 6 , , , 34823 5932 7 there there EX 34823 5932 8 are be VBP 34823 5932 9 a a DT 34823 5932 10 great great JJ 34823 5932 11 mass mass NN 34823 5932 12 of of IN 34823 5932 13 farmers farmer NNS 34823 5932 14 ' ' POS 34823 5932 15 chattel chattel NNP 34823 5932 16 mortgage mortgage NN 34823 5932 17 loans loan NNS 34823 5932 18 , , , 34823 5932 19 including include VBG 34823 5932 20 loans loan NNS 34823 5932 21 on on IN 34823 5932 22 horses horse NNS 34823 5932 23 , , , 34823 5932 24 grain grain NN 34823 5932 25 in in IN 34823 5932 26 cribs cribs NNP 34823 5932 27 , , , 34823 5932 28 hogs hog NNS 34823 5932 29 , , , 34823 5932 30 sheep sheep NNS 34823 5932 31 , , , 34823 5932 32 cattle cattle NNS 34823 5932 33 , , , 34823 5932 34 mules mule NNS 34823 5932 35 , , , 34823 5932 36 etc etc FW 34823 5932 37 . . . 34823 5933 1 The the DT 34823 5933 2 use use NN 34823 5933 3 of of IN 34823 5933 4 this this DT 34823 5933 5 type type NN 34823 5933 6 of of IN 34823 5933 7 paper paper NN 34823 5933 8 for for IN 34823 5933 9 financing finance VBG 34823 5933 10 the the DT 34823 5933 11 breeding breeding NN 34823 5933 12 and and CC 34823 5933 13 feeding feeding NN 34823 5933 14 of of IN 34823 5933 15 live live NN 34823 5933 16 - - HYPH 34823 5933 17 stock stock NN 34823 5933 18 , , , 34823 5933 19 particularly particularly RB 34823 5933 20 hogs hog NNS 34823 5933 21 , , , 34823 5933 22 cattle cattle NNS 34823 5933 23 and and CC 34823 5933 24 sheep sheep NNS 34823 5933 25 , , , 34823 5933 26 is be VBZ 34823 5933 27 very very RB 34823 5933 28 extensive extensive JJ 34823 5933 29 . . . 34823 5934 1 Virtually virtually RB 34823 5934 2 all all DT 34823 5934 3 loans loan NNS 34823 5934 4 to to IN 34823 5934 5 farmers farmer NNS 34823 5934 6 and and CC 34823 5934 7 feeders feeder NNS 34823 5934 8 for for IN 34823 5934 9 these these DT 34823 5934 10 purposes purpose NNS 34823 5934 11 are be VBP 34823 5934 12 secured secure VBN 34823 5934 13 by by IN 34823 5934 14 such such JJ 34823 5934 15 chattel chattel NN 34823 5934 16 mortgages mortgage NNS 34823 5934 17 . . . 34823 5935 1 It -PRON- PRP 34823 5935 2 seems seem VBZ 34823 5935 3 improbable improbable JJ 34823 5935 4 that that IN 34823 5935 5 a a DT 34823 5935 6 great great JJ 34823 5935 7 deal deal NN 34823 5935 8 of of IN 34823 5935 9 this this DT 34823 5935 10 paper paper NN 34823 5935 11 could could MD 34823 5935 12 represent represent VB 34823 5935 13 ordinary ordinary JJ 34823 5935 14 commerce commerce NN 34823 5935 15 . . . 34823 5936 1 Neither neither DT 34823 5936 2 wholesalers wholesaler NNS 34823 5936 3 nor nor CC 34823 5936 4 retailers retailer NNS 34823 5936 5 can can MD 34823 5936 6 easily easily RB 34823 5936 7 handle handle VB 34823 5936 8 merchandise merchandise NN 34823 5936 9 on on IN 34823 5936 10 which which WDT 34823 5936 11 chattel chattel NNP 34823 5936 12 mortgages mortgage NNS 34823 5936 13 have have VBP 34823 5936 14 been be VBN 34823 5936 15 given give VBN 34823 5936 16 . . . 34823 5937 1 The the DT 34823 5937 2 usual usual JJ 34823 5937 3 method method NN 34823 5937 4 of of IN 34823 5937 5 granting grant VBG 34823 5937 6 credit credit NN 34823 5937 7 to to IN 34823 5937 8 them -PRON- PRP 34823 5937 9 is be VBZ 34823 5937 10 to to TO 34823 5937 11 advance advance VB 34823 5937 12 loans loan NNS 34823 5937 13 on on IN 34823 5937 14 one one CD 34823 5937 15 and and CC 34823 5937 16 two two CD 34823 5937 17 name name NN 34823 5937 18 paper paper NN 34823 5937 19 , , , 34823 5937 20 unsecured unsecured JJ 34823 5937 21 . . . 34823 5938 1 Not not RB 34823 5938 2 many many JJ 34823 5938 3 loans loan NNS 34823 5938 4 to to IN 34823 5938 5 retailers retailer NNS 34823 5938 6 and and CC 34823 5938 7 wholesalers wholesaler NNS 34823 5938 8 will will MD 34823 5938 9 fall fall VB 34823 5938 10 in in IN 34823 5938 11 the the DT 34823 5938 12 category category NN 34823 5938 13 under under IN 34823 5938 14 discussion discussion NN 34823 5938 15 . . . 34823 5939 1 To to IN 34823 5939 2 what what WDT 34823 5939 3 extent extent NN 34823 5939 4 are be VBP 34823 5939 5 the the DT 34823 5939 6 loans loan NNS 34823 5939 7 of of IN 34823 5939 8 this this DT 34823 5939 9 type type NN 34823 5939 10 to to IN 34823 5939 11 farmers farmer NNS 34823 5939 12 liquid liquid JJ 34823 5939 13 ? ? . 34823 5940 1 Well well UH 34823 5940 2 , , , 34823 5940 3 the the DT 34823 5940 4 crop crop NN 34823 5940 5 lien lien NNP 34823 5940 6 loans loan NNS 34823 5940 7 in in IN 34823 5940 8 the the DT 34823 5940 9 South South NNP 34823 5940 10 have have VBP 34823 5940 11 a a DT 34823 5940 12 natural natural JJ 34823 5940 13 term term NN 34823 5940 14 , , , 34823 5940 15 and and CC 34823 5940 16 , , , 34823 5940 17 though though IN 34823 5940 18 commonly commonly RB 34823 5940 19 longer long JJR 34823 5940 20 loans loan NNS 34823 5940 21 than than IN 34823 5940 22 bankers banker NNS 34823 5940 23 have have VBP 34823 5940 24 in in IN 34823 5940 25 mind mind NN 34823 5940 26 when when WRB 34823 5940 27 speaking speak VBG 34823 5940 28 of of IN 34823 5940 29 liquid liquid JJ 34823 5940 30 paper paper NN 34823 5940 31 , , , 34823 5940 32 are be VBP 34823 5940 33 liquid liquid JJ 34823 5940 34 in in IN 34823 5940 35 the the DT 34823 5940 36 sense sense NN 34823 5940 37 that that IN 34823 5940 38 they -PRON- PRP 34823 5940 39 are be VBP 34823 5940 40 automatically automatically RB 34823 5940 41 paid pay VBN 34823 5940 42 off off RP 34823 5940 43 at at IN 34823 5940 44 maturity maturity NN 34823 5940 45 . . . 34823 5941 1 Loans loan NNS 34823 5941 2 on on IN 34823 5941 3 work work NN 34823 5941 4 - - HYPH 34823 5941 5 animals animal NNS 34823 5941 6 need nee MD 34823 5941 7 not not RB 34823 5941 8 have have VB 34823 5941 9 a a DT 34823 5941 10 natural natural JJ 34823 5941 11 term term NN 34823 5941 12 . . . 34823 5942 1 Loans loan NNS 34823 5942 2 on on IN 34823 5942 3 animals animal NNS 34823 5942 4 being be VBG 34823 5942 5 fed feed VBN 34823 5942 6 for for IN 34823 5942 7 the the DT 34823 5942 8 market market NN 34823 5942 9 have have VBP 34823 5942 10 such such PDT 34823 5942 11 a a DT 34823 5942 12 natural natural JJ 34823 5942 13 term term NN 34823 5942 14 , , , 34823 5942 15 and and CC 34823 5942 16 are be VBP 34823 5942 17 truly truly RB 34823 5942 18 liquid liquid JJ 34823 5942 19 . . . 34823 5943 1 Loans loan NNS 34823 5943 2 , , , 34823 5943 3 however however RB 34823 5943 4 , , , 34823 5943 5 on on IN 34823 5943 6 breeding breed VBG 34823 5943 7 animals animal NNS 34823 5943 8 are be VBP 34823 5943 9 not not RB 34823 5943 10 thus thus RB 34823 5943 11 liquid liquid JJ 34823 5943 12 , , , 34823 5943 13 such such JJ 34823 5943 14 loans loan NNS 34823 5943 15 are be VBP 34823 5943 16 commonly commonly RB 34823 5943 17 regularly regularly RB 34823 5943 18 renewed renew VBN 34823 5943 19 at at IN 34823 5943 20 maturity maturity NN 34823 5943 21 , , , 34823 5943 22 and and CC 34823 5943 23 the the DT 34823 5943 24 banks bank NNS 34823 5943 25 do do VBP 34823 5943 26 not not RB 34823 5943 27 count count VB 34823 5943 28 on on IN 34823 5943 29 them -PRON- PRP 34823 5943 30 in in IN 34823 5943 31 emergencies emergency NNS 34823 5943 32 . . . 34823 5944 1 It -PRON- PRP 34823 5944 2 is be VBZ 34823 5944 3 the the DT 34823 5944 4 opinion opinion NN 34823 5944 5 of of IN 34823 5944 6 Dr. Dr. NNP 34823 5944 7 J. J. NNP 34823 5944 8 E. E. NNP 34823 5944 9 Pope Pope NNP 34823 5944 10 that that IN 34823 5944 11 fully fully RB 34823 5944 12 two two CD 34823 5944 13 - - HYPH 34823 5944 14 thirds third NNS 34823 5944 15 of of IN 34823 5944 16 the the DT 34823 5944 17 aggregate aggregate JJ 34823 5944 18 loans loan NNS 34823 5944 19 on on IN 34823 5944 20 live live JJ 34823 5944 21 - - HYPH 34823 5944 22 stock stock NN 34823 5944 23 chattel chattel NNP 34823 5944 24 mortgage mortgage NN 34823 5944 25 security security NN 34823 5944 26 are be VBP 34823 5944 27 to to IN 34823 5944 28 breeders breeder NNS 34823 5944 29 rather rather RB 34823 5944 30 than than IN 34823 5944 31 to to IN 34823 5944 32 feeders feeder NNS 34823 5944 33 , , , 34823 5944 34 and and CC 34823 5944 35 hence hence RB 34823 5944 36 are be VBP 34823 5944 37 not not RB 34823 5944 38 liquid liquid JJ 34823 5944 39 . . . 34823 5945 1 Of of RB 34823 5945 2 course course RB 34823 5945 3 , , , 34823 5945 4 none none NN 34823 5945 5 of of IN 34823 5945 6 these these DT 34823 5945 7 loans loan NNS 34823 5945 8 are be VBP 34823 5945 9 commercial commercial JJ 34823 5945 10 paper paper NN 34823 5945 11 . . . 34823 5946 1 I -PRON- PRP 34823 5946 2 conclude conclude VBP 34823 5946 3 , , , 34823 5946 4 therefore therefore RB 34823 5946 5 , , , 34823 5946 6 that that IN 34823 5946 7 the the DT 34823 5946 8 thesis thesis NN 34823 5946 9 with with IN 34823 5946 10 which which WDT 34823 5946 11 we -PRON- PRP 34823 5946 12 started start VBD 34823 5946 13 that that IN 34823 5946 14 the the DT 34823 5946 15 overwhelming overwhelming JJ 34823 5946 16 bulk bulk NN 34823 5946 17 of of IN 34823 5946 18 commercial commercial JJ 34823 5946 19 paper paper NN 34823 5946 20 is be VBZ 34823 5946 21 to to TO 34823 5946 22 be be VB 34823 5946 23 found find VBN 34823 5946 24 in in IN 34823 5946 25 the the DT 34823 5946 26 item item NN 34823 5946 27 , , , 34823 5946 28 " " '' 34823 5946 29 other other JJ 34823 5946 30 loans loan NNS 34823 5946 31 and and CC 34823 5946 32 discounts discount NNS 34823 5946 33 " " `` 34823 5946 34 is be VBZ 34823 5946 35 correct correct JJ 34823 5946 36 . . . 34823 5947 1 I -PRON- PRP 34823 5947 2 see see VBP 34823 5947 3 no no DT 34823 5947 4 reason reason NN 34823 5947 5 to to TO 34823 5947 6 suppose suppose VB 34823 5947 7 that that IN 34823 5947 8 an an DT 34823 5947 9 analysis analysis NN 34823 5947 10 of of IN 34823 5947 11 the the DT 34823 5947 12 loans loan NNS 34823 5947 13 of of IN 34823 5947 14 State State NNP 34823 5947 15 banks bank NNS 34823 5947 16 and and CC 34823 5947 17 trust trust NN 34823 5947 18 companies company NNS 34823 5947 19 would would MD 34823 5947 20 show show VB 34823 5947 21 a a DT 34823 5947 22 different different JJ 34823 5947 23 conclusion conclusion NN 34823 5947 24 . . . 34823 5948 1 We -PRON- PRP 34823 5948 2 lack lack VBP 34823 5948 3 the the DT 34823 5948 4 figures figure NNS 34823 5948 5 for for IN 34823 5948 6 breaking break VBG 34823 5948 7 up up RP 34823 5948 8 the the DT 34823 5948 9 collateral collateral JJ 34823 5948 10 loans loan NNS 34823 5948 11 of of IN 34823 5948 12 State State NNP 34823 5948 13 banks bank NNS 34823 5948 14 and and CC 34823 5948 15 trust trust NN 34823 5948 16 companies company NNS 34823 5948 17 into into IN 34823 5948 18 the the DT 34823 5948 19 two two CD 34823 5948 20 classes class NNS 34823 5948 21 , , , 34823 5948 22 " " '' 34823 5948 23 secured secure VBN 34823 5948 24 by by IN 34823 5948 25 stocks stock NNS 34823 5948 26 and and CC 34823 5948 27 bonds bond NNS 34823 5948 28 " " '' 34823 5948 29 and and CC 34823 5948 30 " " `` 34823 5948 31 secured secure VBN 34823 5948 32 by by IN 34823 5948 33 other other JJ 34823 5948 34 personal personal JJ 34823 5948 35 securities security NNS 34823 5948 36 , , , 34823 5948 37 including include VBG 34823 5948 38 warehouse warehouse NN 34823 5948 39 receipts receipt NNS 34823 5948 40 , , , 34823 5948 41 merchandise merchandise NN 34823 5948 42 , , , 34823 5948 43 etc etc FW 34823 5948 44 . . . 34823 5948 45 " " '' 34823 5949 1 We -PRON- PRP 34823 5949 2 have have VBP 34823 5949 3 merely merely RB 34823 5949 4 the the DT 34823 5949 5 gross gross JJ 34823 5949 6 figures figure NNS 34823 5949 7 for for IN 34823 5949 8 collateral collateral JJ 34823 5949 9 loans loan NNS 34823 5949 10 . . . 34823 5950 1 As as IN 34823 5950 2 the the DT 34823 5950 3 State State NNP 34823 5950 4 banks bank NNS 34823 5950 5 are be VBP 34823 5950 6 in in IN 34823 5950 7 large large JJ 34823 5950 8 degree degree NN 34823 5950 9 country country NN 34823 5950 10 banks bank NNS 34823 5950 11 , , , 34823 5950 12 it -PRON- PRP 34823 5950 13 is be VBZ 34823 5950 14 probable probable JJ 34823 5950 15 that that IN 34823 5950 16 the the DT 34823 5950 17 percentage percentage NN 34823 5950 18 of of IN 34823 5950 19 commodity commodity NN 34823 5950 20 collateral collateral NN 34823 5950 21 as as IN 34823 5950 22 compared compare VBN 34823 5950 23 with with IN 34823 5950 24 stock stock NN 34823 5950 25 exchange exchange NN 34823 5950 26 collateral collateral NN 34823 5950 27 for for IN 34823 5950 28 State State NNP 34823 5950 29 banks bank NNS 34823 5950 30 would would MD 34823 5950 31 be be VB 34823 5950 32 larger large JJR 34823 5950 33 than than IN 34823 5950 34 for for IN 34823 5950 35 national national JJ 34823 5950 36 banks bank NNS 34823 5950 37 . . . 34823 5951 1 However however RB 34823 5951 2 , , , 34823 5951 3 the the DT 34823 5951 4 total total NN 34823 5951 5 of of IN 34823 5951 6 collateral collateral JJ 34823 5951 7 loans loan NNS 34823 5951 8 for for IN 34823 5951 9 State State NNP 34823 5951 10 banks bank NNS 34823 5951 11 is be VBZ 34823 5951 12 relatively relatively RB 34823 5951 13 small--559 small--559 NNP 34823 5951 14 millions million NNS 34823 5951 15 , , , 34823 5951 16 for for IN 34823 5951 17 1909 1909 CD 34823 5951 18 , , , 34823 5951 19 as as IN 34823 5951 20 against against IN 34823 5951 21 " " `` 34823 5951 22 other other JJ 34823 5951 23 loans loan NNS 34823 5951 24 and and CC 34823 5951 25 discounts discount NNS 34823 5951 26 " " '' 34823 5951 27 for for IN 34823 5951 28 State state NN 34823 5951 29 banks bank NNS 34823 5951 30 in in IN 34823 5951 31 that that DT 34823 5951 32 year year NN 34823 5951 33 of of IN 34823 5951 34 1,112 1,112 CD 34823 5951 35 millions million NNS 34823 5951 36 , , , 34823 5951 37 and and CC 34823 5951 38 as as IN 34823 5951 39 against against IN 34823 5951 40 a a DT 34823 5951 41 total total NN 34823 5951 42 of of IN 34823 5951 43 collateral collateral JJ 34823 5951 44 loans loan NNS 34823 5951 45 of of IN 34823 5951 46 all all DT 34823 5951 47 banks bank NNS 34823 5951 48 reporting report VBG 34823 5951 49 in in IN 34823 5951 50 that that DT 34823 5951 51 year year NN 34823 5951 52 of of IN 34823 5951 53 3,975 3,975 CD 34823 5951 54 millions million NNS 34823 5951 55 . . . 34823 5952 1 On on IN 34823 5952 2 the the DT 34823 5952 3 other other JJ 34823 5952 4 hand hand NN 34823 5952 5 , , , 34823 5952 6 the the DT 34823 5952 7 collateral collateral JJ 34823 5952 8 loans loan NNS 34823 5952 9 of of IN 34823 5952 10 the the DT 34823 5952 11 trust trust NN 34823 5952 12 companies company NNS 34823 5952 13 are be VBP 34823 5952 14 very very RB 34823 5952 15 large large JJ 34823 5952 16 : : : 34823 5952 17 1,222 1,222 CD 34823 5952 18 millions million NNS 34823 5952 19 for for IN 34823 5952 20 1909 1909 CD 34823 5952 21 , , , 34823 5952 22 as as IN 34823 5952 23 against against IN 34823 5952 24 " " `` 34823 5952 25 other other JJ 34823 5952 26 loans loan NNS 34823 5952 27 and and CC 34823 5952 28 discounts discount NNS 34823 5952 29 " " '' 34823 5952 30 for for IN 34823 5952 31 the the DT 34823 5952 32 trust trust NN 34823 5952 33 companies company NNS 34823 5952 34 in in IN 34823 5952 35 the the DT 34823 5952 36 same same JJ 34823 5952 37 year year NN 34823 5952 38 of of IN 34823 5952 39 460 460 CD 34823 5952 40 millions million NNS 34823 5952 41 . . . 34823 5953 1 As as IN 34823 5953 2 the the DT 34823 5953 3 trust trust NN 34823 5953 4 companies company NNS 34823 5953 5 are be VBP 34823 5953 6 chiefly chiefly RB 34823 5953 7 city city NN 34823 5953 8 institutions institution NNS 34823 5953 9 , , , 34823 5953 10 and and CC 34823 5953 11 as as IN 34823 5953 12 the the DT 34823 5953 13 concentration concentration NN 34823 5953 14 of of IN 34823 5953 15 trust trust NN 34823 5953 16 company company NN 34823 5953 17 loans loan NNS 34823 5953 18 and and CC 34823 5953 19 capital capital NN 34823 5953 20 in in IN 34823 5953 21 New New NNP 34823 5953 22 York York NNP 34823 5953 23 City City NNP 34823 5953 24 is be VBZ 34823 5953 25 relatively relatively RB 34823 5953 26 very very RB 34823 5953 27 great great JJ 34823 5953 28 , , , 34823 5953 29 it -PRON- PRP 34823 5953 30 would would MD 34823 5953 31 seem seem VB 34823 5953 32 pretty pretty RB 34823 5953 33 clear clear JJ 34823 5953 34 that that IN 34823 5953 35 taking take VBG 34823 5953 36 both both DT 34823 5953 37 State State NNP 34823 5953 38 banks bank NNS 34823 5953 39 and and CC 34823 5953 40 trust trust NN 34823 5953 41 companies company NNS 34823 5953 42 into into IN 34823 5953 43 account account NN 34823 5953 44 would would MD 34823 5953 45 substantially substantially RB 34823 5953 46 lessen lessen VB 34823 5953 47 the the DT 34823 5953 48 percentage percentage NN 34823 5953 49 of of IN 34823 5953 50 loans loan NNS 34823 5953 51 " " '' 34823 5953 52 secured secure VBN 34823 5953 53 by by IN 34823 5953 54 other other JJ 34823 5953 55 personal personal JJ 34823 5953 56 security security NN 34823 5953 57 , , , 34823 5953 58 including include VBG 34823 5953 59 merchandise merchandise NN 34823 5953 60 , , , 34823 5953 61 warehouse warehouse NN 34823 5953 62 receipts receipt NNS 34823 5953 63 , , , 34823 5953 64 etc etc FW 34823 5953 65 . . FW 34823 5953 66 , , , 34823 5953 67 " " `` 34823 5953 68 to to IN 34823 5953 69 total total JJ 34823 5953 70 collateral collateral JJ 34823 5953 71 loans loan NNS 34823 5953 72 . . . 34823 5954 1 As as IN 34823 5954 2 the the DT 34823 5954 3 amount amount NN 34823 5954 4 of of IN 34823 5954 5 commercial commercial JJ 34823 5954 6 paper paper NN 34823 5954 7 in in IN 34823 5954 8 this this DT 34823 5954 9 class class NN 34823 5954 10 of of IN 34823 5954 11 loans loan NNS 34823 5954 12 for for IN 34823 5954 13 national national JJ 34823 5954 14 banks bank NNS 34823 5954 15 is be VBZ 34823 5954 16 probably probably RB 34823 5954 17 small small JJ 34823 5954 18 , , , 34823 5954 19 it -PRON- PRP 34823 5954 20 may may MD 34823 5954 21 be be VB 34823 5954 22 expected expect VBN 34823 5954 23 to to TO 34823 5954 24 be be VB 34823 5954 25 still still RB 34823 5954 26 smaller small JJR 34823 5954 27 in in IN 34823 5954 28 the the DT 34823 5954 29 aggregate aggregate NN 34823 5954 30 of of IN 34823 5954 31 collateral collateral JJ 34823 5954 32 loans loan NNS 34823 5954 33 . . . 34823 5955 1 The the DT 34823 5955 2 following follow VBG 34823 5955 3 figures figure NNS 34823 5955 4 , , , 34823 5955 5 for for IN 34823 5955 6 State state NN 34823 5955 7 and and CC 34823 5955 8 national national JJ 34823 5955 9 banks bank NNS 34823 5955 10 , , , 34823 5955 11 and and CC 34823 5955 12 trust trust NN 34823 5955 13 companies company NNS 34823 5955 14 , , , 34823 5955 15 only only RB 34823 5955 16 , , , 34823 5955 17 will will MD 34823 5955 18 , , , 34823 5955 19 in in IN 34823 5955 20 the the DT 34823 5955 21 light light NN 34823 5955 22 of of IN 34823 5955 23 the the DT 34823 5955 24 foregoing foregoing NN 34823 5955 25 , , , 34823 5955 26 give give VB 34823 5955 27 us -PRON- PRP 34823 5955 28 basis basis NN 34823 5955 29 for for IN 34823 5955 30 some some DT 34823 5955 31 further further JJ 34823 5955 32 conclusions conclusion NNS 34823 5955 33 regarding regard VBG 34823 5955 34 the the DT 34823 5955 35 character character NN 34823 5955 36 of of IN 34823 5955 37 banking banking NN 34823 5955 38 assets asset NNS 34823 5955 39 in in IN 34823 5955 40 the the DT 34823 5955 41 United United NNP 34823 5955 42 States States NNP 34823 5955 43 . . . 34823 5956 1 As as IN 34823 5956 2 before before RB 34823 5956 3 , , , 34823 5956 4 the the DT 34823 5956 5 year year NN 34823 5956 6 1909 1909 CD 34823 5956 7 is be VBZ 34823 5956 8 chosen choose VBN 34823 5956 9 : : : 34823 5956 10 ( ( -LRB- 34823 5956 11 000,000 000,000 CD 34823 5956 12 omitted)[527 omitted)[527 NNP 34823 5956 13 ] ] -RRB- 34823 5956 14 _ _ NNP 34823 5956 15 State State NNP 34823 5956 16 _ _ NNP 34823 5956 17 National National NNP 34823 5956 18 _ _ NNP 34823 5956 19 Trust Trust NNP 34823 5956 20 _ _ NNP 34823 5956 21 Aggre- Aggre- NNP 34823 5956 22 _ _ NNP 34823 5956 23 Resources Resources NNP 34823 5956 24 _ _ NNP 34823 5956 25 Banks Banks NNPS 34823 5956 26 _ _ NNP 34823 5956 27 Banks Banks NNPS 34823 5956 28 _ _ NNP 34823 5956 29 Companies Companies NNPS 34823 5956 30 _ _ NNP 34823 5956 31 gate gate NN 34823 5956 32 _ _ NNP 34823 5956 33 Real real JJ 34823 5956 34 estate estate NN 34823 5956 35 loans loan VBZ 34823 5956 36 414 414 CD 34823 5956 37 57 57 CD 34823 5956 38 377 377 CD 34823 5956 39 848 848 CD 34823 5956 40 Collateral Collateral NNP 34823 5956 41 loans loan NNS 34823 5956 42 559 559 CD 34823 5956 43 1,939 1,939 CD 34823 5956 44 1,222 1,222 CD 34823 5956 45 3,720 3,720 CD 34823 5956 46 All all DT 34823 5956 47 other other JJ 34823 5956 48 loans loan NNS 34823 5956 49 1,112 1,112 CD 34823 5956 50 2,966 2,966 CD 34823 5956 51 460 460 CD 34823 5956 52 4,538 4,538 CD 34823 5956 53 U. U. NNP 34823 5956 54 S. S. NNP 34823 5956 55 bonds bond NNS 34823 5956 56 5 5 CD 34823 5956 57 740 740 CD 34823 5956 58 3 3 CD 34823 5956 59 748 748 CD 34823 5956 60 State State NNP 34823 5956 61 , , , 34823 5956 62 county county NN 34823 5956 63 and and CC 34823 5956 64 municipal municipal JJ 34823 5956 65 bonds bond NNS 34823 5956 66 65 65 CD 34823 5956 67 156 156 CD 34823 5956 68 155 155 CD 34823 5956 69 376 376 CD 34823 5956 70 Railway Railway NNP 34823 5956 71 stocks stock NNS 34823 5956 72 and and CC 34823 5956 73 bonds bond NNS 34823 5956 74 75 75 CD 34823 5956 75 351 351 CD 34823 5956 76 362 362 CD 34823 5956 77 788 788 CD 34823 5956 78 Bonds Bonds NNPS 34823 5956 79 of of IN 34823 5956 80 other other JJ 34823 5956 81 public public JJ 34823 5956 82 service service NN 34823 5956 83 corporations corporation NNS 34823 5956 84 50 50 CD 34823 5956 85 148 148 CD 34823 5956 86 168 168 CD 34823 5956 87 366 366 CD 34823 5956 88 Other other JJ 34823 5956 89 bonds bond NNS 34823 5956 90 , , , 34823 5956 91 stocks stock NNS 34823 5956 92 , , , 34823 5956 93 etc etc FW 34823 5956 94 95 95 CD 34823 5956 95 208 208 CD 34823 5956 96 769 769 CD 34823 5956 97 1,072 1,072 CD 34823 5956 98 Total total NN 34823 5956 99 of of IN 34823 5956 100 items item NNS 34823 5956 101 here here RB 34823 5956 102 listed list VBD 34823 5956 103 2,375 2,375 CD 34823 5956 104 6,565 6,565 CD 34823 5956 105 3,516 3,516 CD 34823 5956 106 12,456 12,456 CD 34823 5956 107 ----- ----- CD 34823 5956 108 ----- ----- NFP 34823 5956 109 ----- ----- NFP 34823 5956 110 ------ ------ NFP 34823 5956 111 Total Total NNP 34823 5956 112 Resources Resources NNPS 34823 5956 113 3,338 3,338 CD 34823 5956 114 9,368 9,368 CD 34823 5956 115 4,068 4,068 CD 34823 5956 116 16,774 16,774 CD 34823 5956 117 This this DT 34823 5956 118 table table NN 34823 5956 119 makes make VBZ 34823 5956 120 clear clear JJ 34823 5956 121 that that IN 34823 5956 122 the the DT 34823 5956 123 figures figure NNS 34823 5956 124 for for IN 34823 5956 125 real real JJ 34823 5956 126 estate estate NN 34823 5956 127 loans loan NNS 34823 5956 128 given give VBN 34823 5956 129 in in IN 34823 5956 130 the the DT 34823 5956 131 table table NN 34823 5956 132 for for IN 34823 5956 133 all all DT 34823 5956 134 banks bank NNS 34823 5956 135 , , , 34823 5956 136 a a DT 34823 5956 137 few few JJ 34823 5956 138 pages page NNS 34823 5956 139 preceding precede VBG 34823 5956 140 , , , 34823 5956 141 were be VBD 34823 5956 142 much much RB 34823 5956 143 too too RB 34823 5956 144 high high JJ 34823 5956 145 . . . 34823 5957 1 It -PRON- PRP 34823 5957 2 leaves leave VBZ 34823 5957 3 the the DT 34823 5957 4 relations relation NNS 34823 5957 5 among among IN 34823 5957 6 the the DT 34823 5957 7 other other JJ 34823 5957 8 items item NNS 34823 5957 9 , , , 34823 5957 10 however however RB 34823 5957 11 , , , 34823 5957 12 not not RB 34823 5957 13 greatly greatly RB 34823 5957 14 changed change VBN 34823 5957 15 . . . 34823 5958 1 " " `` 34823 5958 2 All all DT 34823 5958 3 other other JJ 34823 5958 4 loans loan NNS 34823 5958 5 " " `` 34823 5958 6 increase increase NN 34823 5958 7 from from IN 34823 5958 8 slightly slightly RB 34823 5958 9 less less JJR 34823 5958 10 than than IN 34823 5958 11 23 23 CD 34823 5958 12 % % NN 34823 5958 13 of of IN 34823 5958 14 total total JJ 34823 5958 15 assets asset NNS 34823 5958 16 to to IN 34823 5958 17 27 27 CD 34823 5958 18 % % NN 34823 5958 19 . . . 34823 5959 1 If if IN 34823 5959 2 we -PRON- PRP 34823 5959 3 concede concede VBP 34823 5959 4 that that IN 34823 5959 5 one one CD 34823 5959 6 - - HYPH 34823 5959 7 half half NN 34823 5959 8 of of IN 34823 5959 9 the the DT 34823 5959 10 " " `` 34823 5959 11 all all DT 34823 5959 12 other other JJ 34823 5959 13 loans loan NNS 34823 5959 14 " " `` 34823 5959 15 represents represent VBZ 34823 5959 16 liquid liquid JJ 34823 5959 17 " " '' 34823 5959 18 commercial commercial JJ 34823 5959 19 paper"--a paper"--a '' 34823 5959 20 very very RB 34823 5959 21 liberal liberal JJ 34823 5959 22 estimate estimate NN 34823 5959 23 , , , 34823 5959 24 as as IN 34823 5959 25 we -PRON- PRP 34823 5959 26 have have VBP 34823 5959 27 previously previously RB 34823 5959 28 concluded conclude VBN 34823 5959 29 -- -- : 34823 5959 30 we -PRON- PRP 34823 5959 31 get get VBP 34823 5959 32 about about RB 34823 5959 33 13 13 CD 34823 5959 34 - - SYM 34823 5959 35 1/2 1/2 CD 34823 5959 36 % % NN 34823 5959 37 of of IN 34823 5959 38 the the DT 34823 5959 39 assets asset NNS 34823 5959 40 of of IN 34823 5959 41 these these DT 34823 5959 42 institutions institution NNS 34823 5959 43 in in IN 34823 5959 44 the the DT 34823 5959 45 form form NN 34823 5959 46 of of IN 34823 5959 47 " " `` 34823 5959 48 commercial commercial JJ 34823 5959 49 paper paper NN 34823 5959 50 , , , 34823 5959 51 " " '' 34823 5959 52 an an DT 34823 5959 53 increase increase NN 34823 5959 54 over over IN 34823 5959 55 the the DT 34823 5959 56 11 11 CD 34823 5959 57 - - SYM 34823 5959 58 1/2 1/2 CD 34823 5959 59 % % NN 34823 5959 60 to to TO 34823 5959 61 be be VB 34823 5959 62 assigned assign VBN 34823 5959 63 on on IN 34823 5959 64 the the DT 34823 5959 65 basis basis NN 34823 5959 66 of of IN 34823 5959 67 the the DT 34823 5959 68 other other JJ 34823 5959 69 table table NN 34823 5959 70 . . . 34823 5960 1 The the DT 34823 5960 2 figure figure NN 34823 5960 3 is be VBZ 34823 5960 4 the the DT 34823 5960 5 roughest rough JJS 34823 5960 6 sort sort RB 34823 5960 7 of of IN 34823 5960 8 approximation approximation NN 34823 5960 9 . . . 34823 5961 1 I -PRON- PRP 34823 5961 2 attach attach VBP 34823 5961 3 little little JJ 34823 5961 4 importance importance NN 34823 5961 5 to to IN 34823 5961 6 the the DT 34823 5961 7 exact exact JJ 34823 5961 8 percentage percentage NN 34823 5961 9 , , , 34823 5961 10 and and CC 34823 5961 11 the the DT 34823 5961 12 argument argument NN 34823 5961 13 which which WDT 34823 5961 14 follows follow VBZ 34823 5961 15 is be VBZ 34823 5961 16 not not RB 34823 5961 17 dependent dependent JJ 34823 5961 18 on on IN 34823 5961 19 any any DT 34823 5961 20 exact exact JJ 34823 5961 21 figure figure NN 34823 5961 22 here here RB 34823 5961 23 . . . 34823 5962 1 The the DT 34823 5962 2 proportion proportion NN 34823 5962 3 of of IN 34823 5962 4 collateral collateral JJ 34823 5962 5 loans loan NNS 34823 5962 6 to to IN 34823 5962 7 total total JJ 34823 5962 8 resources resource NNS 34823 5962 9 is be VBZ 34823 5962 10 changed change VBN 34823 5962 11 also also RB 34823 5962 12 , , , 34823 5962 13 and and CC 34823 5962 14 even even RB 34823 5962 15 more more JJR 34823 5962 16 : : : 34823 5962 17 collateral collateral JJ 34823 5962 18 loans loan NNS 34823 5962 19 are be VBP 34823 5962 20 18 18 CD 34823 5962 21 % % NN 34823 5962 22 of of IN 34823 5962 23 total total JJ 34823 5962 24 bank bank NN 34823 5962 25 resources resource NNS 34823 5962 26 when when WRB 34823 5962 27 all all DT 34823 5962 28 kinds kind NNS 34823 5962 29 of of IN 34823 5962 30 banks bank NNS 34823 5962 31 are be VBP 34823 5962 32 included include VBN 34823 5962 33 , , , 34823 5962 34 and and CC 34823 5962 35 are be VBP 34823 5962 36 over over IN 34823 5962 37 22 22 CD 34823 5962 38 % % NN 34823 5962 39 of of IN 34823 5962 40 total total JJ 34823 5962 41 bank bank NN 34823 5962 42 resources resource NNS 34823 5962 43 when when WRB 34823 5962 44 only only RB 34823 5962 45 State state NN 34823 5962 46 and and CC 34823 5962 47 national national JJ 34823 5962 48 banks bank NNS 34823 5962 49 and and CC 34823 5962 50 trust trust NN 34823 5962 51 companies company NNS 34823 5962 52 are be VBP 34823 5962 53 counted count VBN 34823 5962 54 . . . 34823 5963 1 If if IN 34823 5963 2 the the DT 34823 5963 3 foregoing foregoing NN 34823 5963 4 is be VBZ 34823 5963 5 correct correct JJ 34823 5963 6 within within IN 34823 5963 7 very very RB 34823 5963 8 wide wide JJ 34823 5963 9 limits limit NNS 34823 5963 10 of of IN 34823 5963 11 error error NN 34823 5963 12 as as IN 34823 5963 13 to to IN 34823 5963 14 the the DT 34823 5963 15 amount amount NN 34823 5963 16 of of IN 34823 5963 17 commercial commercial JJ 34823 5963 18 paper paper NN 34823 5963 19 , , , 34823 5963 20 collateral collateral NN 34823 5963 21 loans loan NNS 34823 5963 22 very very RB 34823 5963 23 substantially substantially RB 34823 5963 24 exceed exceed VBP 34823 5963 25 commercial commercial JJ 34823 5963 26 paper paper NN 34823 5963 27 . . . 34823 5964 1 If if IN 34823 5964 2 all all PDT 34823 5964 3 the the DT 34823 5964 4 " " `` 34823 5964 5 all all DT 34823 5964 6 other other JJ 34823 5964 7 loans loan NNS 34823 5964 8 " " `` 34823 5964 9 should should MD 34823 5964 10 be be VB 34823 5964 11 counted count VBN 34823 5964 12 as as IN 34823 5964 13 commercial commercial JJ 34823 5964 14 paper paper NN 34823 5964 15 , , , 34823 5964 16 collateral collateral JJ 34823 5964 17 loans loan NNS 34823 5964 18 are be VBP 34823 5964 19 still still RB 34823 5964 20 not not RB 34823 5964 21 far far RB 34823 5964 22 behind behind IN 34823 5964 23 them--22 them--22 JJ 34823 5964 24 % % NN 34823 5964 25 as as IN 34823 5964 26 against against IN 34823 5964 27 27 27 CD 34823 5964 28 - - SYM 34823 5964 29 1/2 1/2 CD 34823 5964 30 % % NN 34823 5964 31 . . . 34823 5965 1 What what WP 34823 5965 2 is be VBZ 34823 5965 3 the the DT 34823 5965 4 significance significance NN 34823 5965 5 of of IN 34823 5965 6 this this DT 34823 5965 7 ? ? . 34823 5966 1 We -PRON- PRP 34823 5966 2 have have VBP 34823 5966 3 seen see VBN 34823 5966 4 that that IN 34823 5966 5 for for IN 34823 5966 6 national national JJ 34823 5966 7 banks bank NNS 34823 5966 8 , , , 34823 5966 9 the the DT 34823 5966 10 great great JJ 34823 5966 11 bulk bulk NN 34823 5966 12 ( ( -LRB- 34823 5966 13 over over IN 34823 5966 14 66 66 CD 34823 5966 15 % % NN 34823 5966 16 ) ) -RRB- 34823 5966 17 of of IN 34823 5966 18 the the DT 34823 5966 19 collateral collateral JJ 34823 5966 20 loans loan NNS 34823 5966 21 were be VBD 34823 5966 22 secured secure VBN 34823 5966 23 by by IN 34823 5966 24 stocks stock NNS 34823 5966 25 and and CC 34823 5966 26 bonds bond NNS 34823 5966 27 in in IN 34823 5966 28 June June NNP 34823 5966 29 , , , 34823 5966 30 1915 1915 CD 34823 5966 31 . . . 34823 5967 1 We -PRON- PRP 34823 5967 2 saw see VBD 34823 5967 3 reasons reason NNS 34823 5967 4 for for IN 34823 5967 5 supposing suppose VBG 34823 5967 6 that that IN 34823 5967 7 a a DT 34823 5967 8 higher high JJR 34823 5967 9 percentage percentage NN 34823 5967 10 of of IN 34823 5967 11 stock stock NN 34823 5967 12 exchange exchange NN 34823 5967 13 collateral collateral NN 34823 5967 14 would would MD 34823 5967 15 be be VB 34823 5967 16 found find VBN 34823 5967 17 when when WRB 34823 5967 18 State state NN 34823 5967 19 banks bank NNS 34823 5967 20 and and CC 34823 5967 21 trust trust NN 34823 5967 22 companies company NNS 34823 5967 23 are be VBP 34823 5967 24 included include VBN 34823 5967 25 . . . 34823 5968 1 Suppose suppose VB 34823 5968 2 we -PRON- PRP 34823 5968 3 assume assume VBP 34823 5968 4 that that IN 34823 5968 5 75 75 CD 34823 5968 6 % % NN 34823 5968 7 of of IN 34823 5968 8 the the DT 34823 5968 9 collateral collateral JJ 34823 5968 10 loans loan NNS 34823 5968 11 of of IN 34823 5968 12 all all DT 34823 5968 13 three three CD 34823 5968 14 classes class NNS 34823 5968 15 of of IN 34823 5968 16 institutions institution NNS 34823 5968 17 here here RB 34823 5968 18 in in IN 34823 5968 19 question question NN 34823 5968 20 are be VBP 34823 5968 21 based base VBN 34823 5968 22 on on IN 34823 5968 23 stock stock NN 34823 5968 24 exchange exchange NN 34823 5968 25 collateral collateral NN 34823 5968 26 . . . 34823 5969 1 [ [ -LRB- 34823 5969 2 528 528 CD 34823 5969 3 ] ] -RRB- 34823 5969 4 This this DT 34823 5969 5 would would MD 34823 5969 6 mean mean VB 34823 5969 7 16 16 CD 34823 5969 8 - - SYM 34823 5969 9 1/2 1/2 CD 34823 5969 10 % % NN 34823 5969 11 of of IN 34823 5969 12 the the DT 34823 5969 13 total total JJ 34823 5969 14 resources resource NNS 34823 5969 15 of of IN 34823 5969 16 these these DT 34823 5969 17 institutions institution NNS 34823 5969 18 in in IN 34823 5969 19 stock stock NN 34823 5969 20 exchange exchange NN 34823 5969 21 loans loan NNS 34823 5969 22 -- -- : 34823 5969 23 still still RB 34823 5969 24 well well RB 34823 5969 25 above above IN 34823 5969 26 the the DT 34823 5969 27 13 13 CD 34823 5969 28 - - SYM 34823 5969 29 1/2 1/2 CD 34823 5969 30 % % NN 34823 5969 31 we -PRON- PRP 34823 5969 32 have have VBP 34823 5969 33 assigned assign VBN 34823 5969 34 to to IN 34823 5969 35 " " `` 34823 5969 36 commercial commercial JJ 34823 5969 37 paper paper NN 34823 5969 38 . . . 34823 5969 39 " " '' 34823 5970 1 In in IN 34823 5970 2 any any DT 34823 5970 3 case case NN 34823 5970 4 , , , 34823 5970 5 it -PRON- PRP 34823 5970 6 is be VBZ 34823 5970 7 at at IN 34823 5970 8 least least JJS 34823 5970 9 justifiable justifiable JJ 34823 5970 10 to to TO 34823 5970 11 contend contend VB 34823 5970 12 that that IN 34823 5970 13 loans loan NNS 34823 5970 14 on on IN 34823 5970 15 stock stock NN 34823 5970 16 exchange exchange NN 34823 5970 17 collateral collateral NN 34823 5970 18 are be VBP 34823 5970 19 as as RB 34823 5970 20 great great JJ 34823 5970 21 in in IN 34823 5970 22 volume volume NN 34823 5970 23 as as IN 34823 5970 24 commercial commercial JJ 34823 5970 25 loans loan NNS 34823 5970 26 . . . 34823 5971 1 I -PRON- PRP 34823 5971 2 think think VBP 34823 5971 3 that that IN 34823 5971 4 they -PRON- PRP 34823 5971 5 very very RB 34823 5971 6 substantially substantially RB 34823 5971 7 exceed exceed VBP 34823 5971 8 them -PRON- PRP 34823 5971 9 . . . 34823 5972 1 But but CC 34823 5972 2 further far RBR 34823 5972 3 , , , 34823 5972 4 we -PRON- PRP 34823 5972 5 have have VBP 34823 5972 6 another another DT 34823 5972 7 large large JJ 34823 5972 8 percentage percentage NN 34823 5972 9 of of IN 34823 5972 10 bank bank NN 34823 5972 11 resources resource NNS 34823 5972 12 invested invest VBN 34823 5972 13 in in IN 34823 5972 14 stock stock NN 34823 5972 15 exchange exchange NN 34823 5972 16 securities security NNS 34823 5972 17 outright outright RB 34823 5972 18 -- -- : 34823 5972 19 chiefly chiefly RB 34823 5972 20 in in IN 34823 5972 21 bonds bond NNS 34823 5972 22 . . . 34823 5973 1 The the DT 34823 5973 2 aggregate aggregate NN 34823 5973 3 for for IN 34823 5973 4 those those DT 34823 5973 5 investments investment NNS 34823 5973 6 in in IN 34823 5973 7 the the DT 34823 5973 8 institutions institution NNS 34823 5973 9 under under IN 34823 5973 10 consideration consideration NN 34823 5973 11 is be VBZ 34823 5973 12 3,250 3,250 CD 34823 5973 13 millions million NNS 34823 5973 14 . . . 34823 5974 1 This this DT 34823 5974 2 is be VBZ 34823 5974 3 something something NN 34823 5974 4 over over IN 34823 5974 5 19 19 CD 34823 5974 6 % % NN 34823 5974 7 of of IN 34823 5974 8 the the DT 34823 5974 9 total total JJ 34823 5974 10 assets asset NNS 34823 5974 11 of of IN 34823 5974 12 these these DT 34823 5974 13 institutions institution NNS 34823 5974 14 . . . 34823 5975 1 Combining combine VBG 34823 5975 2 this this DT 34823 5975 3 with with IN 34823 5975 4 the the DT 34823 5975 5 loans loan NNS 34823 5975 6 on on IN 34823 5975 7 stock stock NN 34823 5975 8 exchange exchange NN 34823 5975 9 collateral collateral NN 34823 5975 10 , , , 34823 5975 11 we -PRON- PRP 34823 5975 12 get get VBP 34823 5975 13 nearly nearly RB 34823 5975 14 36 36 CD 34823 5975 15 % % NN 34823 5975 16 of of IN 34823 5975 17 bank bank NN 34823 5975 18 and and CC 34823 5975 19 trust trust NN 34823 5975 20 company company NN 34823 5975 21 assets asset NNS 34823 5975 22 invested invest VBN 34823 5975 23 , , , 34823 5975 24 directly directly RB 34823 5975 25 or or CC 34823 5975 26 indirectly indirectly RB 34823 5975 27 , , , 34823 5975 28 in in IN 34823 5975 29 stock stock NN 34823 5975 30 exchange exchange NN 34823 5975 31 securities security NNS 34823 5975 32 , , , 34823 5975 33 as as IN 34823 5975 34 against against IN 34823 5975 35 an an DT 34823 5975 36 assumed assumed JJ 34823 5975 37 13 13 CD 34823 5975 38 - - SYM 34823 5975 39 1/2 1/2 CD 34823 5975 40 % % NN 34823 5975 41 in in IN 34823 5975 42 commercial commercial JJ 34823 5975 43 paper paper NN 34823 5975 44 . . . 34823 5976 1 Conceding concede VBG 34823 5976 2 that that IN 34823 5976 3 all all PDT 34823 5976 4 the the DT 34823 5976 5 " " `` 34823 5976 6 all all DT 34823 5976 7 other other JJ 34823 5976 8 loans loan NNS 34823 5976 9 " " `` 34823 5976 10 are be VBP 34823 5976 11 commercial commercial JJ 34823 5976 12 loans loan NNS 34823 5976 13 , , , 34823 5976 14 the the DT 34823 5976 15 stock stock NN 34823 5976 16 exchange exchange NN 34823 5976 17 assets asset NNS 34823 5976 18 still still RB 34823 5976 19 exceed exceed VBP 34823 5976 20 them -PRON- PRP 34823 5976 21 in in IN 34823 5976 22 the the DT 34823 5976 23 ratio ratio NN 34823 5976 24 of of IN 34823 5976 25 36 36 CD 34823 5976 26 to to TO 34823 5976 27 27 27 CD 34823 5976 28 - - SYM 34823 5976 29 1/2 1/2 CD 34823 5976 30 . . . 34823 5977 1 In in IN 34823 5977 2 our -PRON- PRP$ 34823 5977 3 second second JJ 34823 5977 4 table table NN 34823 5977 5 , , , 34823 5977 6 we -PRON- PRP 34823 5977 7 have have VBP 34823 5977 8 listed list VBN 34823 5977 9 items item NNS 34823 5977 10 which which WDT 34823 5977 11 aggregate aggregate VBP 34823 5977 12 only only RB 34823 5977 13 12,456 12,456 CD 34823 5977 14 millions million NNS 34823 5977 15 of of IN 34823 5977 16 the the DT 34823 5977 17 total total JJ 34823 5977 18 resources resource NNS 34823 5977 19 for for IN 34823 5977 20 these these DT 34823 5977 21 institutions institution NNS 34823 5977 22 of of IN 34823 5977 23 16,774 16,774 CD 34823 5977 24 millions million NNS 34823 5977 25 . . . 34823 5978 1 The the DT 34823 5978 2 items item NNS 34823 5978 3 listed list VBN 34823 5978 4 , , , 34823 5978 5 however however RB 34823 5978 6 , , , 34823 5978 7 represent represent VBP 34823 5978 8 virtually virtually RB 34823 5978 9 all all PDT 34823 5978 10 the the DT 34823 5978 11 credit credit NN 34823 5978 12 extended extend VBN 34823 5978 13 by by IN 34823 5978 14 banks bank NNS 34823 5978 15 to to IN 34823 5978 16 industry industry NN 34823 5978 17 , , , 34823 5978 18 commerce commerce NN 34823 5978 19 , , , 34823 5978 20 agriculture agriculture NN 34823 5978 21 , , , 34823 5978 22 the the DT 34823 5978 23 stock stock NN 34823 5978 24 market market NN 34823 5978 25 , , , 34823 5978 26 other other JJ 34823 5978 27 speculation speculation NN 34823 5978 28 , , , 34823 5978 29 and and CC 34823 5978 30 the the DT 34823 5978 31 State State NNP 34823 5978 32 . . . 34823 5979 1 The the DT 34823 5979 2 excluded exclude VBN 34823 5979 3 items item NNS 34823 5979 4 of of IN 34823 5979 5 main main JJ 34823 5979 6 importance importance NN 34823 5979 7 are be VBP 34823 5979 8 : : : 34823 5979 9 Due due IN 34823 5979 10 from from IN 34823 5979 11 other other JJ 34823 5979 12 banks bank NNS 34823 5979 13 and and CC 34823 5979 14 bankers banker NNS 34823 5979 15 , , , 34823 5979 16 2,302 2,302 CD 34823 5979 17 millions million NNS 34823 5979 18 ; ; : 34823 5979 19 checks check NNS 34823 5979 20 and and CC 34823 5979 21 other other JJ 34823 5979 22 cash cash NN 34823 5979 23 items item NNS 34823 5979 24 , , , 34823 5979 25 432 432 CD 34823 5979 26 millions million NNS 34823 5979 27 ; ; : 34823 5979 28 and and CC 34823 5979 29 cash cash VB 34823 5979 30 on on IN 34823 5979 31 hand hand NN 34823 5979 32 , , , 34823 5979 33 1,411 1,411 CD 34823 5979 34 millions million NNS 34823 5979 35 -- -- : 34823 5979 36 the the DT 34823 5979 37 three three CD 34823 5979 38 items item NNS 34823 5979 39 aggregating aggregate VBG 34823 5979 40 4,146 4,146 CD 34823 5979 41 millions million NNS 34823 5979 42 , , , 34823 5979 43 which which WDT 34823 5979 44 virtually virtually RB 34823 5979 45 closes close VBZ 34823 5979 46 the the DT 34823 5979 47 gap gap NN 34823 5979 48 . . . 34823 5980 1 These these DT 34823 5980 2 three three CD 34823 5980 3 items item NNS 34823 5980 4 are be VBP 34823 5980 5 of of IN 34823 5980 6 immense immense JJ 34823 5980 7 importance importance NN 34823 5980 8 as as IN 34823 5980 9 making make VBG 34823 5980 10 for for IN 34823 5980 11 liquidity liquidity NN 34823 5980 12 in in IN 34823 5980 13 banking banking NN 34823 5980 14 assets asset NNS 34823 5980 15 , , , 34823 5980 16 and and CC 34823 5980 17 as as IN 34823 5980 18 making make VBG 34823 5980 19 possible possible JJ 34823 5980 20 extensions extension NNS 34823 5980 21 of of IN 34823 5980 22 credit credit NN 34823 5980 23 to to IN 34823 5980 24 the the DT 34823 5980 25 business business NN 34823 5980 26 world world NN 34823 5980 27 , , , 34823 5980 28 but but CC 34823 5980 29 it -PRON- PRP 34823 5980 30 is be VBZ 34823 5980 31 not not RB 34823 5980 32 proper proper JJ 34823 5980 33 to to TO 34823 5980 34 count count VB 34823 5980 35 them -PRON- PRP 34823 5980 36 when when WRB 34823 5980 37 an an DT 34823 5980 38 estimate estimate NN 34823 5980 39 of of IN 34823 5980 40 the the DT 34823 5980 41 extent extent NN 34823 5980 42 of of IN 34823 5980 43 bank bank NN 34823 5980 44 - - HYPH 34823 5980 45 credits credit NNS 34823 5980 46 is be VBZ 34823 5980 47 in in IN 34823 5980 48 question question NN 34823 5980 49 . . . 34823 5981 1 Our -PRON- PRP$ 34823 5981 2 second second JJ 34823 5981 3 table table NN 34823 5981 4 contains contain VBZ 34823 5981 5 , , , 34823 5981 6 for for IN 34823 5981 7 the the DT 34823 5981 8 three three CD 34823 5981 9 classes class NNS 34823 5981 10 of of IN 34823 5981 11 institutions institution NNS 34823 5981 12 , , , 34823 5981 13 all all PDT 34823 5981 14 the the DT 34823 5981 15 items item NNS 34823 5981 16 properly properly RB 34823 5981 17 counted count VBN 34823 5981 18 there there RB 34823 5981 19 , , , 34823 5981 20 except except IN 34823 5981 21 overdrafts overdraft NNS 34823 5981 22 ( ( -LRB- 34823 5981 23 small small JJ 34823 5981 24 in in IN 34823 5981 25 amount amount NN 34823 5981 26 ) ) -RRB- 34823 5981 27 and and CC 34823 5981 28 one one CD 34823 5981 29 other other JJ 34823 5981 30 big big JJ 34823 5981 31 item item NN 34823 5981 32 which which WDT 34823 5981 33 does do VBZ 34823 5981 34 not not RB 34823 5981 35 get get VB 34823 5981 36 into into IN 34823 5981 37 bank bank NN 34823 5981 38 statements statement NNS 34823 5981 39 at at RB 34823 5981 40 all all RB 34823 5981 41 , , , 34823 5981 42 namely namely RB 34823 5981 43 , , , 34823 5981 44 _ _ NNP 34823 5981 45 overcertifications overcertification NNS 34823 5981 46 _ _ NNP 34823 5981 47 and and CC 34823 5981 48 " " `` 34823 5981 49 _ _ NNP 34823 5981 50 morning morning NN 34823 5981 51 loans loan NNS 34823 5981 52 _ _ NNP 34823 5981 53 . . . 34823 5981 54 " " '' 34823 5982 1 Of of IN 34823 5982 2 this this DT 34823 5982 3 last last JJ 34823 5982 4 item item NN 34823 5982 5 , , , 34823 5982 6 more more RBR 34823 5982 7 later later RB 34823 5982 8 . . . 34823 5983 1 We -PRON- PRP 34823 5983 2 may may MD 34823 5983 3 , , , 34823 5983 4 then then RB 34823 5983 5 , , , 34823 5983 6 recalculate recalculate VB 34823 5983 7 our -PRON- PRP$ 34823 5983 8 percentages percentage NNS 34823 5983 9 on on IN 34823 5983 10 the the DT 34823 5983 11 basis basis NN 34823 5983 12 of of IN 34823 5983 13 the the DT 34823 5983 14 credit credit NN 34823 5983 15 extended extend VBN 34823 5983 16 by by IN 34823 5983 17 the the DT 34823 5983 18 three three CD 34823 5983 19 classes class NNS 34823 5983 20 of of IN 34823 5983 21 institutions institution NNS 34823 5983 22 , , , 34823 5983 23 instead instead RB 34823 5983 24 of of IN 34823 5983 25 on on IN 34823 5983 26 the the DT 34823 5983 27 basis basis NN 34823 5983 28 of of IN 34823 5983 29 total total JJ 34823 5983 30 resources resource NNS 34823 5983 31 . . . 34823 5984 1 On on IN 34823 5984 2 this this DT 34823 5984 3 basis basis NN 34823 5984 4 , , , 34823 5984 5 the the DT 34823 5984 6 percentages percentage NNS 34823 5984 7 are be VBP 34823 5984 8 : : : 34823 5984 9 Real real JJ 34823 5984 10 estate estate NN 34823 5984 11 loans loan NNS 34823 5984 12 , , , 34823 5984 13 7.4 7.4 CD 34823 5984 14 % % NN 34823 5984 15 ; ; : 34823 5984 16 Collateral collateral JJ 34823 5984 17 loans loan NNS 34823 5984 18 , , , 34823 5984 19 30 30 CD 34823 5984 20 % % NN 34823 5984 21 , , , 34823 5984 22 of of IN 34823 5984 23 which which WDT 34823 5984 24 we -PRON- PRP 34823 5984 25 assign assign VBP 34823 5984 26 to to IN 34823 5984 27 stock stock NN 34823 5984 28 exchange exchange NN 34823 5984 29 collateral collateral NN 34823 5984 30 , , , 34823 5984 31 22 22 CD 34823 5984 32 - - SYM 34823 5984 33 1/2 1/2 CD 34823 5984 34 % % NN 34823 5984 35 , , , 34823 5984 36 and and CC 34823 5984 37 to to IN 34823 5984 38 other other JJ 34823 5984 39 collateral collateral NN 34823 5984 40 , , , 34823 5984 41 7 7 CD 34823 5984 42 - - SYM 34823 5984 43 1/2 1/2 CD 34823 5984 44 % % NN 34823 5984 45 ; ; : 34823 5984 46 All all DT 34823 5984 47 other other JJ 34823 5984 48 loans loan NNS 34823 5984 49 , , , 34823 5984 50 36.4 36.4 CD 34823 5984 51 % % NN 34823 5984 52 , , , 34823 5984 53 of of IN 34823 5984 54 which which WDT 34823 5984 55 we -PRON- PRP 34823 5984 56 assign assign VBP 34823 5984 57 to to IN 34823 5984 58 " " `` 34823 5984 59 Commercial commercial JJ 34823 5984 60 paper paper NN 34823 5984 61 " " '' 34823 5984 62 18.2 18.2 CD 34823 5984 63 % % NN 34823 5984 64 ; ; , 34823 5984 65 Total total JJ 34823 5984 66 stocks stock NNS 34823 5984 67 and and CC 34823 5984 68 bonds bond NNS 34823 5984 69 , , , 34823 5984 70 26 26 CD 34823 5984 71 % % NN 34823 5984 72 . . . 34823 5985 1 Adding add VBG 34823 5985 2 the the DT 34823 5985 3 percentages percentage NNS 34823 5985 4 for for IN 34823 5985 5 stock stock NN 34823 5985 6 exchange exchange NN 34823 5985 7 collateral collateral NN 34823 5985 8 loans loan NNS 34823 5985 9 and and CC 34823 5985 10 for for IN 34823 5985 11 stocks stock NNS 34823 5985 12 and and CC 34823 5985 13 bonds bond NNS 34823 5985 14 owned own VBN 34823 5985 15 , , , 34823 5985 16 we -PRON- PRP 34823 5985 17 get get VBP 34823 5985 18 48 48 CD 34823 5985 19 - - SYM 34823 5985 20 1/2 1/2 CD 34823 5985 21 % % NN 34823 5985 22 of of IN 34823 5985 23 all all DT 34823 5985 24 extensions extension NNS 34823 5985 25 of of IN 34823 5985 26 bank bank NN 34823 5985 27 - - HYPH 34823 5985 28 credit credit NN 34823 5985 29 for for IN 34823 5985 30 these these DT 34823 5985 31 three three CD 34823 5985 32 classes class NNS 34823 5985 33 of of IN 34823 5985 34 institutions institution NNS 34823 5985 35 in in IN 34823 5985 36 the the DT 34823 5985 37 form form NN 34823 5985 38 of of IN 34823 5985 39 credits credit NNS 34823 5985 40 extended extend VBN 34823 5985 41 to to IN 34823 5985 42 the the DT 34823 5985 43 security security NN 34823 5985 44 market market NN 34823 5985 45 . . . 34823 5986 1 If if IN 34823 5986 2 everything everything NN 34823 5986 3 else else RB 34823 5986 4 except except IN 34823 5986 5 the the DT 34823 5986 6 real real JJ 34823 5986 7 estate estate NN 34823 5986 8 loans loan NNS 34823 5986 9 should should MD 34823 5986 10 be be VB 34823 5986 11 counted count VBN 34823 5986 12 as as IN 34823 5986 13 " " `` 34823 5986 14 commercial commercial JJ 34823 5986 15 loans loan NNS 34823 5986 16 " " '' 34823 5986 17 the the DT 34823 5986 18 stock stock NN 34823 5986 19 exchange exchange NN 34823 5986 20 credit credit NN 34823 5986 21 would would MD 34823 5986 22 still still RB 34823 5986 23 exceed exceed VB 34823 5986 24 the the DT 34823 5986 25 commercial commercial JJ 34823 5986 26 credit credit NN 34823 5986 27 . . . 34823 5987 1 If if IN 34823 5987 2 my -PRON- PRP$ 34823 5987 3 estimate estimate NN 34823 5987 4 of of IN 34823 5987 5 18.2 18.2 CD 34823 5987 6 % % NN 34823 5987 7 of of IN 34823 5987 8 bank bank NN 34823 5987 9 - - HYPH 34823 5987 10 credit credit NN 34823 5987 11 based base VBN 34823 5987 12 on on IN 34823 5987 13 commercial commercial JJ 34823 5987 14 paper paper NN 34823 5987 15 is be VBZ 34823 5987 16 high high JJ 34823 5987 17 enough,[529 enough,[529 NN 34823 5987 18 ] ] -RRB- 34823 5987 19 the the DT 34823 5987 20 banks bank NNS 34823 5987 21 and and CC 34823 5987 22 trust trust NN 34823 5987 23 companies company NNS 34823 5987 24 have have VBP 34823 5987 25 extended extend VBN 34823 5987 26 over over IN 34823 5987 27 two two CD 34823 5987 28 and and CC 34823 5987 29 a a DT 34823 5987 30 half half NN 34823 5987 31 times time NNS 34823 5987 32 as as RB 34823 5987 33 much much JJ 34823 5987 34 credit credit NN 34823 5987 35 , , , 34823 5987 36 at at IN 34823 5987 37 a a DT 34823 5987 38 given give VBN 34823 5987 39 time time NN 34823 5987 40 , , , 34823 5987 41 to to IN 34823 5987 42 the the DT 34823 5987 43 security security NN 34823 5987 44 market market NN 34823 5987 45 as as IN 34823 5987 46 they -PRON- PRP 34823 5987 47 have have VBP 34823 5987 48 to to TO 34823 5987 49 commerce commerce VB 34823 5987 50 . . . 34823 5988 1 This this DT 34823 5988 2 on on IN 34823 5988 3 the the DT 34823 5988 4 face face NN 34823 5988 5 of of IN 34823 5988 6 the the DT 34823 5988 7 record record NN 34823 5988 8 . . . 34823 5989 1 But but CC 34823 5989 2 there there EX 34823 5989 3 is be VBZ 34823 5989 4 , , , 34823 5989 5 as as IN 34823 5989 6 above above RB 34823 5989 7 indicated indicate VBN 34823 5989 8 , , , 34823 5989 9 a a DT 34823 5989 10 further further JJ 34823 5989 11 item item NN 34823 5989 12 which which WDT 34823 5989 13 does do VBZ 34823 5989 14 not not RB 34823 5989 15 get get VB 34823 5989 16 into into IN 34823 5989 17 the the DT 34823 5989 18 record record NN 34823 5989 19 , , , 34823 5989 20 namely namely RB 34823 5989 21 , , , 34823 5989 22 overcertifications overcertification NNS 34823 5989 23 and and CC 34823 5989 24 " " `` 34823 5989 25 morning morning NN 34823 5989 26 loans loan NNS 34823 5989 27 . . . 34823 5989 28 " " '' 34823 5990 1 Every every DT 34823 5990 2 day day NN 34823 5990 3 in in IN 34823 5990 4 the the DT 34823 5990 5 great great JJ 34823 5990 6 speculative speculative JJ 34823 5990 7 centres centre NNS 34823 5990 8 , , , 34823 5990 9 and and CC 34823 5990 10 very very RB 34823 5990 11 especially especially RB 34823 5990 12 in in IN 34823 5990 13 Wall Wall NNP 34823 5990 14 Street Street NNP 34823 5990 15 , , , 34823 5990 16 enormous enormous JJ 34823 5990 17 advances advance NNS 34823 5990 18 are be VBP 34823 5990 19 made make VBN 34823 5990 20 to to IN 34823 5990 21 brokers broker NNS 34823 5990 22 , , , 34823 5990 23 which which WDT 34823 5990 24 are be VBP 34823 5990 25 canceled cancel VBN 34823 5990 26 during during IN 34823 5990 27 the the DT 34823 5990 28 day day NN 34823 5990 29 , , , 34823 5990 30 but but CC 34823 5990 31 which which WDT 34823 5990 32 , , , 34823 5990 33 during during IN 34823 5990 34 their -PRON- PRP$ 34823 5990 35 short short JJ 34823 5990 36 life life NN 34823 5990 37 , , , 34823 5990 38 are be VBP 34823 5990 39 a a DT 34823 5990 40 real real JJ 34823 5990 41 addition addition NN 34823 5990 42 to to IN 34823 5990 43 bank bank NN 34823 5990 44 - - HYPH 34823 5990 45 credit credit NN 34823 5990 46 . . . 34823 5991 1 To to TO 34823 5991 2 attempt attempt VB 34823 5991 3 to to TO 34823 5991 4 estimate estimate VB 34823 5991 5 this this DT 34823 5991 6 with with IN 34823 5991 7 any any DT 34823 5991 8 accuracy accuracy NN 34823 5991 9 is be VBZ 34823 5991 10 hopeless hopeless JJ 34823 5991 11 , , , 34823 5991 12 but but CC 34823 5991 13 the the DT 34823 5991 14 total total NN 34823 5991 15 on on IN 34823 5991 16 any any DT 34823 5991 17 ordinary ordinary JJ 34823 5991 18 day day NN 34823 5991 19 is be VBZ 34823 5991 20 enormous enormous JJ 34823 5991 21 , , , 34823 5991 22 and and CC 34823 5991 23 most most JJS 34823 5991 24 of of IN 34823 5991 25 it -PRON- PRP 34823 5991 26 is be VBZ 34823 5991 27 extended extend VBN 34823 5991 28 in in IN 34823 5991 29 connection connection NN 34823 5991 30 with with IN 34823 5991 31 stock stock NN 34823 5991 32 market market NN 34823 5991 33 transactions transaction NNS 34823 5991 34 . . . 34823 5992 1 A a DT 34823 5992 2 final final JJ 34823 5992 3 comparison,[530 comparison,[530 NN 34823 5992 4 ] ] -RRB- 34823 5992 5 which which WDT 34823 5992 6 will will MD 34823 5992 7 conclude conclude VB 34823 5992 8 this this DT 34823 5992 9 perhaps perhaps RB 34823 5992 10 too too RB 34823 5992 11 wearisome wearisome VBD 34823 5992 12 analysis analysis NN 34823 5992 13 of of IN 34823 5992 14 these these DT 34823 5992 15 figures figure NNS 34823 5992 16 , , , 34823 5992 17 will will MD 34823 5992 18 consider consider VB 34823 5992 19 the the DT 34823 5992 20 loans loan NNS 34823 5992 21 alone alone RB 34823 5992 22 , , , 34823 5992 23 neglecting neglect VBG 34823 5992 24 the the DT 34823 5992 25 securities security NNS 34823 5992 26 owned own VBN 34823 5992 27 : : : 34823 5992 28 Of of IN 34823 5992 29 total total JJ 34823 5992 30 loans loan NNS 34823 5992 31 : : : 34823 5992 32 Real real JJ 34823 5992 33 estate estate NN 34823 5992 34 loans loan NNS 34823 5992 35 , , , 34823 5992 36 9.3 9.3 CD 34823 5992 37 % % NN 34823 5992 38 ; ; : 34823 5992 39 Collateral collateral JJ 34823 5992 40 loans loan NNS 34823 5992 41 , , , 34823 5992 42 40.8 40.8 CD 34823 5992 43 % % NN 34823 5992 44 , , , 34823 5992 45 of of IN 34823 5992 46 which which WDT 34823 5992 47 we -PRON- PRP 34823 5992 48 assign assign VBP 34823 5992 49 to to IN 34823 5992 50 stock stock NN 34823 5992 51 exchange exchange NN 34823 5992 52 collateral collateral NN 34823 5992 53 , , , 34823 5992 54 30.6 30.6 CD 34823 5992 55 % % NN 34823 5992 56 , , , 34823 5992 57 and and CC 34823 5992 58 to to IN 34823 5992 59 other other JJ 34823 5992 60 collateral collateral NN 34823 5992 61 , , , 34823 5992 62 10.2 10.2 CD 34823 5992 63 % % NN 34823 5992 64 ; ; : 34823 5992 65 All all DT 34823 5992 66 other other JJ 34823 5992 67 loans loan NNS 34823 5992 68 , , , 34823 5992 69 49.6 49.6 CD 34823 5992 70 % % NN 34823 5992 71 , , , 34823 5992 72 of of IN 34823 5992 73 which which WDT 34823 5992 74 we -PRON- PRP 34823 5992 75 assign assign VBP 34823 5992 76 to to IN 34823 5992 77 " " `` 34823 5992 78 Commercial commercial JJ 34823 5992 79 paper paper NN 34823 5992 80 , , , 34823 5992 81 " " '' 34823 5992 82 24.8 24.8 CD 34823 5992 83 % % NN 34823 5992 84 . . . 34823 5993 1 The the DT 34823 5993 2 development development NN 34823 5993 3 of of IN 34823 5993 4 bank bank NN 34823 5993 5 loans loan NNS 34823 5993 6 on on IN 34823 5993 7 stock stock NN 34823 5993 8 exchange exchange NN 34823 5993 9 collateral collateral NN 34823 5993 10 is be VBZ 34823 5993 11 a a DT 34823 5993 12 remarkable remarkable JJ 34823 5993 13 feature feature NN 34823 5993 14 of of IN 34823 5993 15 the the DT 34823 5993 16 three three CD 34823 5993 17 or or CC 34823 5993 18 four four CD 34823 5993 19 decades decade NNS 34823 5993 20 preceding precede VBG 34823 5993 21 1909 1909 CD 34823 5993 22 . . . 34823 5994 1 The the DT 34823 5994 2 following follow VBG 34823 5994 3 figures figure NNS 34823 5994 4 , , , 34823 5994 5 of of IN 34823 5994 6 national national JJ 34823 5994 7 bank bank NN 34823 5994 8 loans loan NNS 34823 5994 9 in in IN 34823 5994 10 New New NNP 34823 5994 11 York York NNP 34823 5994 12 City,[531 City,[531 NNP 34823 5994 13 ] ] -RRB- 34823 5994 14 illustrate illustrate VB 34823 5994 15 the the DT 34823 5994 16 tendency tendency NN 34823 5994 17 : : : 34823 5994 18 ( ( -LRB- 34823 5994 19 000,000 000,000 CD 34823 5994 20 omitted omit VBN 34823 5994 21 ) ) -RRB- 34823 5994 22 _ _ NNP 34823 5994 23 Loans Loans NNP 34823 5994 24 on on IN 34823 5994 25 _ _ NNP 34823 5994 26 Advances Advances NNP 34823 5994 27 on on IN 34823 5994 28 _ _ NNP 34823 5994 29 Date Date NNP 34823 5994 30 _ _ NNP 34823 5994 31 Commercial Commercial NNP 34823 5994 32 Paper_[532 Paper_[532 NNP 34823 5994 33 ] ] -RRB- 34823 5994 34 Securities Securities NNPS 34823 5994 35 _ _ NNP 34823 5994 36 1886 1886 CD 34823 5994 37 146 146 CD 34823 5994 38 107 107 CD 34823 5994 39 1890 1890 CD 34823 5994 40 151 151 CD 34823 5994 41 145 145 CD 34823 5994 42 1892 1892 CD 34823 5994 43 160 160 CD 34823 5994 44 183 183 CD 34823 5994 45 1894 1894 CD 34823 5994 46 168 168 CD 34823 5994 47 192 192 CD 34823 5994 48 1896 1896 CD 34823 5994 49 151 151 CD 34823 5994 50 162 162 CD 34823 5994 51 1898 1898 CD 34823 5994 52 181 181 CD 34823 5994 53 260 260 CD 34823 5994 54 1900 1900 CD 34823 5994 55 185 185 CD 34823 5994 56 384 384 CD 34823 5994 57 1902 1902 CD 34823 5994 58 210 210 CD 34823 5994 59 396 396 CD 34823 5994 60 1903 1903 CD 34823 5994 61 239 239 CD 34823 5994 62 391 391 CD 34823 5994 63 1904 1904 CD 34823 5994 64 268 268 CD 34823 5994 65 538 538 CD 34823 5994 66 The the DT 34823 5994 67 tendency tendency NN 34823 5994 68 is be VBZ 34823 5994 69 not not RB 34823 5994 70 peculiar peculiar JJ 34823 5994 71 to to IN 34823 5994 72 America America NNP 34823 5994 73 , , , 34823 5994 74 however however RB 34823 5994 75 . . . 34823 5995 1 The the DT 34823 5995 2 following follow VBG 34823 5995 3 table table NN 34823 5995 4 gives give VBZ 34823 5995 5 a a DT 34823 5995 6 classification classification NN 34823 5995 7 of of IN 34823 5995 8 the the DT 34823 5995 9 loans loan NNS 34823 5995 10 and and CC 34823 5995 11 discounts discount NNS 34823 5995 12 of of IN 34823 5995 13 all all PDT 34823 5995 14 the the DT 34823 5995 15 great great JJ 34823 5995 16 European european JJ 34823 5995 17 banks[533 banks[533 NN 34823 5995 18 ] ] -RRB- 34823 5995 19 in in IN 34823 5995 20 selected select VBN 34823 5995 21 years year NNS 34823 5995 22 from from IN 34823 5995 23 1875 1875 CD 34823 5995 24 to to IN 34823 5995 25 1903 1903 CD 34823 5995 26 : : : 34823 5995 27 ( ( -LRB- 34823 5995 28 Figures figure NNS 34823 5995 29 in in IN 34823 5995 30 francs franc NNS 34823 5995 31 , , , 34823 5995 32 000,000 000,000 CD 34823 5995 33 omitted omit VBN 34823 5995 34 ) ) -RRB- 34823 5995 35 _ _ NNP 34823 5995 36 Note Note NNP 34823 5995 37 _ _ NNP 34823 5995 38 Commercial Commercial NNP 34823 5995 39 _ _ NNP 34823 5995 40 Advances Advances NNP 34823 5995 41 on on IN 34823 5995 42 _ _ NNP 34823 5995 43 Date Date NNP 34823 5995 44 _ _ NNP 34823 5995 45 Circulation Circulation NNP 34823 5995 46 _ _ NNP 34823 5995 47 Loans Loans NNP 34823 5995 48 _ _ NNP 34823 5995 49 Securities Securities NNPS 34823 5995 50 _ _ NNP 34823 5995 51 1875 1875 CD 34823 5995 52 9,699 9,699 CD 34823 5995 53 4,027 4,027 CD 34823 5995 54 828 828 CD 34823 5995 55 1880 1880 CD 34823 5995 56 10,482 10,482 CD 34823 5995 57 3,384 3,384 CD 34823 5995 58 1,112 1,112 CD 34823 5995 59 1885 1885 CD 34823 5995 60 11,662 11,662 CD 34823 5995 61 4,050 4,050 CD 34823 5995 62 1,231 1,231 CD 34823 5995 63 1890 1890 CD 34823 5995 64 13,194 13,194 CD 34823 5995 65 5,192 5,192 CD 34823 5995 66 1,549 1,549 CD 34823 5995 67 1895 1895 CD 34823 5995 68 15,896 15,896 CD 34823 5995 69 5,328 5,328 CD 34823 5995 70 3,669 3,669 CD 34823 5995 71 1899 1899 CD 34823 5995 72 14,992 14,992 CD 34823 5995 73 8,352 8,352 CD 34823 5995 74 4,037 4,037 CD 34823 5995 75 1900 1900 CD 34823 5995 76 15,906 15,906 CD 34823 5995 77 8,514 8,514 CD 34823 5995 78 4,171 4,171 CD 34823 5995 79 1902 1902 CD 34823 5995 80 16,215 16,215 CD 34823 5995 81 6,939 6,939 CD 34823 5995 82 4,178 4,178 CD 34823 5995 83 1903 1903 CD 34823 5995 84 16,539 16,539 CD 34823 5995 85 6,147 6,147 CD 34823 5995 86 4,129 4,129 CD 34823 5995 87 We -PRON- PRP 34823 5995 88 conclude conclude VBP 34823 5995 89 , , , 34823 5995 90 therefore therefore RB 34823 5995 91 , , , 34823 5995 92 that that IN 34823 5995 93 the the DT 34823 5995 94 great great JJ 34823 5995 95 bulk bulk NN 34823 5995 96 of of IN 34823 5995 97 banking banking NN 34823 5995 98 credit credit NN 34823 5995 99 in in IN 34823 5995 100 the the DT 34823 5995 101 United United NNP 34823 5995 102 States States NNP 34823 5995 103 , , , 34823 5995 104 even even RB 34823 5995 105 of of IN 34823 5995 106 " " `` 34823 5995 107 commercial commercial JJ 34823 5995 108 banks bank NNS 34823 5995 109 , , , 34823 5995 110 " " '' 34823 5995 111 is be VBZ 34823 5995 112 not not RB 34823 5995 113 commercial commercial JJ 34823 5995 114 credit credit NN 34823 5995 115 . . . 34823 5996 1 Much much JJ 34823 5996 2 of of IN 34823 5996 3 it -PRON- PRP 34823 5996 4 , , , 34823 5996 5 in in IN 34823 5996 6 the the DT 34823 5996 7 smaller small JJR 34823 5996 8 places place NNS 34823 5996 9 , , , 34823 5996 10 especially especially RB 34823 5996 11 , , , 34823 5996 12 represents represent VBZ 34823 5996 13 in in IN 34823 5996 14 fact fact NN 34823 5996 15 , , , 34823 5996 16 whatever whatever WDT 34823 5996 17 the the DT 34823 5996 18 form form NN 34823 5996 19 , , , 34823 5996 20 long long JJ 34823 5996 21 time time NN 34823 5996 22 advances advance VBZ 34823 5996 23 to to IN 34823 5996 24 agriculture agriculture NN 34823 5996 25 and and CC 34823 5996 26 industry industry NN 34823 5996 27 . . . 34823 5997 1 Most Most JJS 34823 5997 2 of of IN 34823 5997 3 it -PRON- PRP 34823 5997 4 , , , 34823 5997 5 in in IN 34823 5997 6 the the DT 34823 5997 7 great great JJ 34823 5997 8 cities city NNS 34823 5997 9 , , , 34823 5997 10 and and CC 34823 5997 11 to to IN 34823 5997 12 a a DT 34823 5997 13 large large JJ 34823 5997 14 extent extent NN 34823 5997 15 in in IN 34823 5997 16 even even RB 34823 5997 17 the the DT 34823 5997 18 smaller small JJR 34823 5997 19 places place NNS 34823 5997 20 , , , 34823 5997 21 represents represent VBZ 34823 5997 22 advances advance NNS 34823 5997 23 to to IN 34823 5997 24 the the DT 34823 5997 25 permanent permanent JJ 34823 5997 26 financing financing NN 34823 5997 27 of of IN 34823 5997 28 corporate corporate JJ 34823 5997 29 industry industry NN 34823 5997 30 . . . 34823 5998 1 Excluding exclude VBG 34823 5998 2 real real JJ 34823 5998 3 estate estate NN 34823 5998 4 loans loan NNS 34823 5998 5 , , , 34823 5998 6 more more JJR 34823 5998 7 than than IN 34823 5998 8 half half NN 34823 5998 9 of of IN 34823 5998 10 bank bank NN 34823 5998 11 - - HYPH 34823 5998 12 credit credit NN 34823 5998 13 represents represent NNS 34823 5998 14 either either CC 34823 5998 15 ownership ownership NN 34823 5998 16 of of IN 34823 5998 17 bonds bond NNS 34823 5998 18 ( ( -LRB- 34823 5998 19 with with IN 34823 5998 20 some some DT 34823 5998 21 stocks stock NNS 34823 5998 22 ) ) -RRB- 34823 5998 23 or or CC 34823 5998 24 else else RB 34823 5998 25 advances advance NNS 34823 5998 26 on on IN 34823 5998 27 stocks stock NNS 34823 5998 28 and and CC 34823 5998 29 bonds bond NNS 34823 5998 30 . . . 34823 5999 1 Another another DT 34823 5999 2 important important JJ 34823 5999 3 part part NN 34823 5999 4 of of IN 34823 5999 5 bank bank NN 34823 5999 6 - - HYPH 34823 5999 7 credit credit NN 34823 5999 8 , , , 34823 5999 9 which which WDT 34823 5999 10 I -PRON- PRP 34823 5999 11 shall shall MD 34823 5999 12 not not RB 34823 5999 13 even even RB 34823 5999 14 attempt attempt VB 34823 5999 15 to to TO 34823 5999 16 measure measure VB 34823 5999 17 , , , 34823 5999 18 is be VBZ 34823 5999 19 employed employ VBN 34823 5999 20 in in IN 34823 5999 21 financing finance VBG 34823 5999 22 commodity commodity NN 34823 5999 23 speculation speculation NN 34823 5999 24 . . . 34823 6000 1 It -PRON- PRP 34823 6000 2 is be VBZ 34823 6000 3 worth worth JJ 34823 6000 4 while while IN 34823 6000 5 to to TO 34823 6000 6 compare compare VB 34823 6000 7 our -PRON- PRP$ 34823 6000 8 figures figure NNS 34823 6000 9 concerning concern VBG 34823 6000 10 bank bank NN 34823 6000 11 loans loan NNS 34823 6000 12 with with IN 34823 6000 13 Kinley Kinley NNP 34823 6000 14 's 's POS 34823 6000 15 figures figure NNS 34823 6000 16 , , , 34823 6000 17 which which WDT 34823 6000 18 we -PRON- PRP 34823 6000 19 have have VBP 34823 6000 20 previously previously RB 34823 6000 21 considered consider VBN 34823 6000 22 , , , 34823 6000 23 for for IN 34823 6000 24 deposits deposit NNS 34823 6000 25 made make VBN 34823 6000 26 on on IN 34823 6000 27 March March NNP 34823 6000 28 16 16 CD 34823 6000 29 of of IN 34823 6000 30 1909 1909 CD 34823 6000 31 , , , 34823 6000 32 the the DT 34823 6000 33 year year NN 34823 6000 34 we -PRON- PRP 34823 6000 35 have have VBP 34823 6000 36 chosen choose VBN 34823 6000 37 for for IN 34823 6000 38 the the DT 34823 6000 39 bank bank NN 34823 6000 40 loans loan NNS 34823 6000 41 figures figure NNS 34823 6000 42 . . . 34823 6001 1 It -PRON- PRP 34823 6001 2 is be VBZ 34823 6001 3 important important JJ 34823 6001 4 to to TO 34823 6001 5 remember remember VB 34823 6001 6 that that IN 34823 6001 7 " " `` 34823 6001 8 deposits deposit NNS 34823 6001 9 , , , 34823 6001 10 " " '' 34823 6001 11 as as IN 34823 6001 12 used use VBN 34823 6001 13 by by IN 34823 6001 14 Kinley Kinley NNP 34823 6001 15 in in IN 34823 6001 16 this this DT 34823 6001 17 investigation investigation NN 34823 6001 18 , , , 34823 6001 19 does do VBZ 34823 6001 20 not not RB 34823 6001 21 mean mean VB 34823 6001 22 what what WP 34823 6001 23 the the DT 34823 6001 24 term term NN 34823 6001 25 means mean VBZ 34823 6001 26 in in IN 34823 6001 27 a a DT 34823 6001 28 bank bank NN 34823 6001 29 balance balance NN 34823 6001 30 sheet sheet NN 34823 6001 31 . . . 34823 6002 1 Kinley Kinley NNP 34823 6002 2 's 's POS 34823 6002 3 figures figure NNS 34823 6002 4 relate relate VBP 34823 6002 5 to to IN 34823 6002 6 the the DT 34823 6002 7 actual actual JJ 34823 6002 8 items item NNS 34823 6002 9 deposited deposit VBN 34823 6002 10 on on IN 34823 6002 11 the the DT 34823 6002 12 day day NN 34823 6002 13 in in IN 34823 6002 14 question question NN 34823 6002 15 , , , 34823 6002 16 and and CC 34823 6002 17 not not RB 34823 6002 18 to to IN 34823 6002 19 the the DT 34823 6002 20 net net JJ 34823 6002 21 balance balance NN 34823 6002 22 after after IN 34823 6002 23 deposits deposit NNS 34823 6002 24 and and CC 34823 6002 25 withdrawals withdrawal NNS 34823 6002 26 have have VBP 34823 6002 27 been be VBN 34823 6002 28 compared compare VBN 34823 6002 29 when when WRB 34823 6002 30 the the DT 34823 6002 31 bank bank NN 34823 6002 32 has have VBZ 34823 6002 33 closed close VBN 34823 6002 34 for for IN 34823 6002 35 the the DT 34823 6002 36 day day NN 34823 6002 37 . . . 34823 6003 1 A a DT 34823 6003 2 large large JJ 34823 6003 3 deposit deposit NN 34823 6003 4 in in IN 34823 6003 5 the the DT 34823 6003 6 balance balance NN 34823 6003 7 sheet sheet NN 34823 6003 8 sense sense NN 34823 6003 9 might may MD 34823 6003 10 show show VB 34823 6003 11 no no DT 34823 6003 12 " " `` 34823 6003 13 deposits deposit NNS 34823 6003 14 " " '' 34823 6003 15 in in IN 34823 6003 16 Kinley Kinley NNP 34823 6003 17 's 's POS 34823 6003 18 sense sense NN 34823 6003 19 , , , 34823 6003 20 in in IN 34823 6003 21 a a DT 34823 6003 22 given give VBN 34823 6003 23 day day NN 34823 6003 24 ; ; : 34823 6003 25 while while IN 34823 6003 26 enormous enormous JJ 34823 6003 27 " " `` 34823 6003 28 deposits deposit NNS 34823 6003 29 " " '' 34823 6003 30 in in IN 34823 6003 31 Kinley Kinley NNP 34823 6003 32 's 's POS 34823 6003 33 sense sense NN 34823 6003 34 might may MD 34823 6003 35 be be VB 34823 6003 36 so so RB 34823 6003 37 offset offset VBN 34823 6003 38 by by IN 34823 6003 39 incoming incoming JJ 34823 6003 40 checks check NNS 34823 6003 41 that that IN 34823 6003 42 virtually virtually RB 34823 6003 43 nothing nothing NN 34823 6003 44 is be VBZ 34823 6003 45 left leave VBN 34823 6003 46 on on IN 34823 6003 47 the the DT 34823 6003 48 balance balance NN 34823 6003 49 sheet sheet NN 34823 6003 50 at at IN 34823 6003 51 the the DT 34823 6003 52 end end NN 34823 6003 53 of of IN 34823 6003 54 the the DT 34823 6003 55 day day NN 34823 6003 56 , , , 34823 6003 57 for for IN 34823 6003 58 a a DT 34823 6003 59 given give VBN 34823 6003 60 depositor depositor NN 34823 6003 61 . . . 34823 6004 1 Kinley Kinley NNP 34823 6004 2 's 's POS 34823 6004 3 figures figure NNS 34823 6004 4 thus thus RB 34823 6004 5 give give VBP 34823 6004 6 us -PRON- PRP 34823 6004 7 a a DT 34823 6004 8 means means NN 34823 6004 9 of of IN 34823 6004 10 getting get VBG 34823 6004 11 at at IN 34823 6004 12 the the DT 34823 6004 13 degree degree NN 34823 6004 14 of of IN 34823 6004 15 _ _ NNP 34823 6004 16 activity activity NN 34823 6004 17 _ _ NNP 34823 6004 18 of of IN 34823 6004 19 different different JJ 34823 6004 20 classes class NNS 34823 6004 21 of of IN 34823 6004 22 deposits deposit NNS 34823 6004 23 in in IN 34823 6004 24 the the DT 34823 6004 25 balance balance NN 34823 6004 26 sheet sheet NN 34823 6004 27 sense sense NN 34823 6004 28 , , , 34823 6004 29 and and CC 34823 6004 30 so so RB 34823 6004 31 , , , 34823 6004 32 indirectly indirectly RB 34823 6004 33 , , , 34823 6004 34 of of IN 34823 6004 35 different different JJ 34823 6004 36 classes class NNS 34823 6004 37 of of IN 34823 6004 38 _ _ NNP 34823 6004 39 loans loan NNS 34823 6004 40 _ _ NNP 34823 6004 41 . . . 34823 6005 1 Loans loan NNS 34823 6005 2 and and CC 34823 6005 3 deposits deposit NNS 34823 6005 4 ( ( -LRB- 34823 6005 5 in in IN 34823 6005 6 the the DT 34823 6005 7 balance balance NN 34823 6005 8 sheet sheet NN 34823 6005 9 sense sense NN 34823 6005 10 ) ) -RRB- 34823 6005 11 are be VBP 34823 6005 12 , , , 34823 6005 13 as as IN 34823 6005 14 we -PRON- PRP 34823 6005 15 know know VBP 34823 6005 16 , , , 34823 6005 17 closely closely RB 34823 6005 18 correlated correlate VBN 34823 6005 19 . . . 34823 6006 1 This this DT 34823 6006 2 is be VBZ 34823 6006 3 true true JJ 34823 6006 4 for for IN 34823 6006 5 banks bank NNS 34823 6006 6 in in IN 34823 6006 7 the the DT 34823 6006 8 aggregate aggregate NN 34823 6006 9 , , , 34823 6006 10 and and CC 34823 6006 11 for for IN 34823 6006 12 banks bank NNS 34823 6006 13 individually individually RB 34823 6006 14 at at IN 34823 6006 15 a a DT 34823 6006 16 moment moment NN 34823 6006 17 of of IN 34823 6006 18 time time NN 34823 6006 19 . . . 34823 6007 1 It -PRON- PRP 34823 6007 2 is be VBZ 34823 6007 3 not not RB 34823 6007 4 generally generally RB 34823 6007 5 true true JJ 34823 6007 6 of of IN 34823 6007 7 a a DT 34823 6007 8 given give VBN 34823 6007 9 individual individual JJ 34823 6007 10 deposit deposit NN 34823 6007 11 account account NN 34823 6007 12 at at IN 34823 6007 13 a a DT 34823 6007 14 moment moment NN 34823 6007 15 of of IN 34823 6007 16 time time NN 34823 6007 17 , , , 34823 6007 18 but but CC 34823 6007 19 through through IN 34823 6007 20 a a DT 34823 6007 21 period period NN 34823 6007 22 of of IN 34823 6007 23 time time NN 34823 6007 24 , , , 34823 6007 25 for for IN 34823 6007 26 business business NN 34823 6007 27 deposits deposit NNS 34823 6007 28 , , , 34823 6007 29 it -PRON- PRP 34823 6007 30 tends tend VBZ 34823 6007 31 to to TO 34823 6007 32 be be VB 34823 6007 33 true true JJ 34823 6007 34 that that IN 34823 6007 35 the the DT 34823 6007 36 items item NNS 34823 6007 37 deposited deposit VBN 34823 6007 38 offset offset VBP 34823 6007 39 the the DT 34823 6007 40 amounts amount NNS 34823 6007 41 borrowed borrow VBN 34823 6007 42 . . . 34823 6008 1 [ [ -LRB- 34823 6008 2 534 534 CD 34823 6008 3 ] ] -RRB- 34823 6008 4 If if IN 34823 6008 5 the the DT 34823 6008 6 items item NNS 34823 6008 7 deposited deposit VBN 34823 6008 8 are be VBP 34823 6008 9 numerous numerous JJ 34823 6008 10 , , , 34823 6008 11 if if IN 34823 6008 12 the the DT 34823 6008 13 depositor depositor NN 34823 6008 14 has have VBZ 34823 6008 15 an an DT 34823 6008 16 " " `` 34823 6008 17 active active JJ 34823 6008 18 " " '' 34823 6008 19 deposit deposit NN 34823 6008 20 account account NN 34823 6008 21 , , , 34823 6008 22 receiving receive VBG 34823 6008 23 a a DT 34823 6008 24 large large JJ 34823 6008 25 flow flow NN 34823 6008 26 of of IN 34823 6008 27 banking banking NN 34823 6008 28 funds fund NNS 34823 6008 29 , , , 34823 6008 30 as as IN 34823 6008 31 compared compare VBN 34823 6008 32 with with IN 34823 6008 33 his -PRON- PRP$ 34823 6008 34 net net JJ 34823 6008 35 deposit deposit NN 34823 6008 36 balances balance NNS 34823 6008 37 , , , 34823 6008 38 we -PRON- PRP 34823 6008 39 may may MD 34823 6008 40 infer infer VB 34823 6008 41 that that IN 34823 6008 42 his -PRON- PRP$ 34823 6008 43 loans loan NNS 34823 6008 44 are be VBP 34823 6008 45 also also RB 34823 6008 46 active active JJ 34823 6008 47 , , , 34823 6008 48 that that IN 34823 6008 49 he -PRON- PRP 34823 6008 50 pays pay VBZ 34823 6008 51 off off RP 34823 6008 52 loans loan NNS 34823 6008 53 frequently frequently RB 34823 6008 54 , , , 34823 6008 55 that that IN 34823 6008 56 his -PRON- PRP$ 34823 6008 57 paper paper NN 34823 6008 58 , , , 34823 6008 59 in in IN 34823 6008 60 the the DT 34823 6008 61 assets asset NNS 34823 6008 62 of of IN 34823 6008 63 the the DT 34823 6008 64 bank bank NN 34823 6008 65 , , , 34823 6008 66 is be VBZ 34823 6008 67 " " `` 34823 6008 68 liquid liquid JJ 34823 6008 69 . . . 34823 6008 70 " " '' 34823 6009 1 I -PRON- PRP 34823 6009 2 need need VBP 34823 6009 3 not not RB 34823 6009 4 give give VB 34823 6009 5 the the DT 34823 6009 6 details detail NNS 34823 6009 7 of of IN 34823 6009 8 Kinley Kinley NNP 34823 6009 9 's 's POS 34823 6009 10 figures figure NNS 34823 6009 11 again again RB 34823 6009 12 , , , 34823 6009 13 as as IN 34823 6009 14 they -PRON- PRP 34823 6009 15 have have VBP 34823 6009 16 been be VBN 34823 6009 17 elaborately elaborately RB 34823 6009 18 analyzed analyze VBN 34823 6009 19 in in IN 34823 6009 20 connection connection NN 34823 6009 21 with with IN 34823 6009 22 the the DT 34823 6009 23 estimate estimate NN 34823 6009 24 of of IN 34823 6009 25 the the DT 34823 6009 26 " " `` 34823 6009 27 volume volume NN 34823 6009 28 of of IN 34823 6009 29 trade trade NN 34823 6009 30 . . . 34823 6010 1 " " `` 34823 6010 2 [ [ -LRB- 34823 6010 3 535 535 CD 34823 6010 4 ] ] -RRB- 34823 6010 5 The the DT 34823 6010 6 figures figure NNS 34823 6010 7 show show VBP 34823 6010 8 that that IN 34823 6010 9 retail retail JJ 34823 6010 10 and and CC 34823 6010 11 wholesale wholesale JJ 34823 6010 12 deposits deposit NNS 34823 6010 13 between between IN 34823 6010 14 them -PRON- PRP 34823 6010 15 make make VBP 34823 6010 16 up up RP 34823 6010 17 about about RB 34823 6010 18 25 25 CD 34823 6010 19 % % NN 34823 6010 20 of of IN 34823 6010 21 the the DT 34823 6010 22 total total JJ 34823 6010 23 deposits deposit NNS 34823 6010 24 . . . 34823 6011 1 This this DT 34823 6011 2 would would MD 34823 6011 3 serve serve VB 34823 6011 4 to to TO 34823 6011 5 show show VB 34823 6011 6 that that IN 34823 6011 7 " " `` 34823 6011 8 commercial commercial JJ 34823 6011 9 paper paper NN 34823 6011 10 , , , 34823 6011 11 " " '' 34823 6011 12 which which WDT 34823 6011 13 we -PRON- PRP 34823 6011 14 have have VBP 34823 6011 15 allowed allow VBN 34823 6011 16 to to TO 34823 6011 17 be be VB 34823 6011 18 about about IN 34823 6011 19 24.8 24.8 CD 34823 6011 20 of of IN 34823 6011 21 total total JJ 34823 6011 22 loans loan NNS 34823 6011 23 , , , 34823 6011 24 is be VBZ 34823 6011 25 slightly slightly RB 34823 6011 26 more more RBR 34823 6011 27 active active JJ 34823 6011 28 ( ( -LRB- 34823 6011 29 and and CC 34823 6011 30 hence hence RB 34823 6011 31 " " `` 34823 6011 32 liquid liquid JJ 34823 6011 33 " " '' 34823 6011 34 ) ) -RRB- 34823 6011 35 than than IN 34823 6011 36 the the DT 34823 6011 37 average average NN 34823 6011 38 of of IN 34823 6011 39 loans loan NNS 34823 6011 40 . . . 34823 6012 1 [ [ -LRB- 34823 6012 2 536 536 CD 34823 6012 3 ] ] -RRB- 34823 6012 4 It -PRON- PRP 34823 6012 5 will will MD 34823 6012 6 also also RB 34823 6012 7 suggest suggest VB 34823 6012 8 , , , 34823 6012 9 however however RB 34823 6012 10 , , , 34823 6012 11 that that IN 34823 6012 12 our -PRON- PRP$ 34823 6012 13 figure figure NN 34823 6012 14 for for IN 34823 6012 15 " " `` 34823 6012 16 commercial commercial JJ 34823 6012 17 paper paper NN 34823 6012 18 , , , 34823 6012 19 " " '' 34823 6012 20 truly truly RB 34823 6012 21 liquid liquid JJ 34823 6012 22 , , , 34823 6012 23 is be VBZ 34823 6012 24 too too RB 34823 6012 25 high high JJ 34823 6012 26 , , , 34823 6012 27 since since IN 34823 6012 28 we -PRON- PRP 34823 6012 29 should should MD 34823 6012 30 expect expect VB 34823 6012 31 this this DT 34823 6012 32 kind kind NN 34823 6012 33 of of IN 34823 6012 34 paper paper NN 34823 6012 35 to to TO 34823 6012 36 be be VB 34823 6012 37 more more RBR 34823 6012 38 active active JJ 34823 6012 39 than than IN 34823 6012 40 the the DT 34823 6012 41 average average NN 34823 6012 42 -- -- : 34823 6012 43 unless unless IN 34823 6012 44 , , , 34823 6012 45 indeed indeed RB 34823 6012 46 , , , 34823 6012 47 stock stock NN 34823 6012 48 exchange exchange NN 34823 6012 49 collateral collateral NN 34823 6012 50 loans loan NNS 34823 6012 51 are be VBP 34823 6012 52 so so RB 34823 6012 53 exceedingly exceedingly RB 34823 6012 54 active active JJ 34823 6012 55 as as IN 34823 6012 56 to to TO 34823 6012 57 make make VB 34823 6012 58 a a DT 34823 6012 59 tremendously tremendously RB 34823 6012 60 high high JJ 34823 6012 61 average average NN 34823 6012 62 . . . 34823 6013 1 I -PRON- PRP 34823 6013 2 refrain refrain VBP 34823 6013 3 from from IN 34823 6013 4 trying try VBG 34823 6013 5 to to TO 34823 6013 6 get get VB 34823 6013 7 a a DT 34823 6013 8 definite definite JJ 34823 6013 9 answer answer NN 34823 6013 10 on on IN 34823 6013 11 this this DT 34823 6013 12 point point NN 34823 6013 13 , , , 34823 6013 14 since since IN 34823 6013 15 there there EX 34823 6013 16 are be VBP 34823 6013 17 many many JJ 34823 6013 18 indeterminate indeterminate JJ 34823 6013 19 elements element NNS 34823 6013 20 : : : 34823 6013 21 among among IN 34823 6013 22 others other NNS 34823 6013 23 , , , 34823 6013 24 uncertainty uncertainty NN 34823 6013 25 as as IN 34823 6013 26 to to IN 34823 6013 27 the the DT 34823 6013 28 extent extent NN 34823 6013 29 to to TO 34823 6013 30 which which WDT 34823 6013 31 wholesale wholesale JJ 34823 6013 32 deposits deposit NNS 34823 6013 33 and and CC 34823 6013 34 retail retail JJ 34823 6013 35 deposits deposit NNS 34823 6013 36 _ _ NNP 34823 6013 37 include include VBP 34823 6013 38 _ _ NNP 34823 6013 39 all all DT 34823 6013 40 commercial commercial JJ 34823 6013 41 deposits deposit NNS 34823 6013 42 , , , 34823 6013 43 and and CC 34823 6013 44 uncertainty uncertainty NN 34823 6013 45 as as IN 34823 6013 46 to to IN 34823 6013 47 the the DT 34823 6013 48 extent extent NN 34823 6013 49 to to TO 34823 6013 50 which which WDT 34823 6013 51 they -PRON- PRP 34823 6013 52 _ _ NNP 34823 6013 53 exclude exclude VBP 34823 6013 54 _ _ NNP 34823 6013 55 manufacturer manufacturer NN 34823 6013 56 's 's POS 34823 6013 57 deposits deposit NNS 34823 6013 58 . . . 34823 6014 1 The the DT 34823 6014 2 great great JJ 34823 6014 3 bulk bulk NN 34823 6014 4 of of IN 34823 6014 5 Kinley Kinley NNP 34823 6014 6 's 's POS 34823 6014 7 deposits deposit NNS 34823 6014 8 , , , 34823 6014 9 however however RB 34823 6014 10 , , , 34823 6014 11 fall fall VB 34823 6014 12 into into IN 34823 6014 13 the the DT 34823 6014 14 " " `` 34823 6014 15 all all DT 34823 6014 16 other other JJ 34823 6014 17 " " `` 34823 6014 18 class class NN 34823 6014 19 , , , 34823 6014 20 and and CC 34823 6014 21 the the DT 34823 6014 22 great great JJ 34823 6014 23 bulk bulk NN 34823 6014 24 of of IN 34823 6014 25 the the DT 34823 6014 26 " " `` 34823 6014 27 all all DT 34823 6014 28 other other JJ 34823 6014 29 deposits deposit NNS 34823 6014 30 " " `` 34823 6014 31 are be VBP 34823 6014 32 located locate VBN 34823 6014 33 in in IN 34823 6014 34 the the DT 34823 6014 35 great great JJ 34823 6014 36 financial financial JJ 34823 6014 37 and and CC 34823 6014 38 speculative speculative JJ 34823 6014 39 centres centre NNS 34823 6014 40 , , , 34823 6014 41 particularly particularly RB 34823 6014 42 New New NNP 34823 6014 43 York York NNP 34823 6014 44 . . . 34823 6015 1 We -PRON- PRP 34823 6015 2 have have VBP 34823 6015 3 concluded conclude VBN 34823 6015 4 that that IN 34823 6015 5 they -PRON- PRP 34823 6015 6 represent represent VBP 34823 6015 7 chiefly chiefly RB 34823 6015 8 ( ( -LRB- 34823 6015 9 a a LS 34823 6015 10 ) ) -RRB- 34823 6015 11 transactions transaction NNS 34823 6015 12 in in IN 34823 6015 13 securities security NNS 34823 6015 14 ; ; : 34823 6015 15 ( ( -LRB- 34823 6015 16 b b LS 34823 6015 17 ) ) -RRB- 34823 6015 18 other other JJ 34823 6015 19 speculation speculation NN 34823 6015 20 ; ; , 34823 6015 21 ( ( -LRB- 34823 6015 22 c c NN 34823 6015 23 ) ) -RRB- 34823 6015 24 loan loan NN 34823 6015 25 and and CC 34823 6015 26 other other JJ 34823 6015 27 financial financial JJ 34823 6015 28 transactions transaction NNS 34823 6015 29 , , , 34823 6015 30 particularly particularly RB 34823 6015 31 the the DT 34823 6015 32 shifting shifting NN 34823 6015 33 of of IN 34823 6015 34 call call JJ 34823 6015 35 loans loan NNS 34823 6015 36 on on IN 34823 6015 37 stock stock NN 34823 6015 38 exchange exchange NN 34823 6015 39 collateral collateral NN 34823 6015 40 . . . 34823 6016 1 It -PRON- PRP 34823 6016 2 is be VBZ 34823 6016 3 , , , 34823 6016 4 then then RB 34823 6016 5 , , , 34823 6016 6 the the DT 34823 6016 7 deposits deposit NNS 34823 6016 8 of of IN 34823 6016 9 those those DT 34823 6016 10 connected connect VBN 34823 6016 11 with with IN 34823 6016 12 the the DT 34823 6016 13 great great JJ 34823 6016 14 financial financial JJ 34823 6016 15 and and CC 34823 6016 16 speculative speculative JJ 34823 6016 17 markets market NNS 34823 6016 18 , , , 34823 6016 19 particularly particularly RB 34823 6016 20 the the DT 34823 6016 21 stock stock NN 34823 6016 22 market market NN 34823 6016 23 , , , 34823 6016 24 whose whose WP$ 34823 6016 25 deposits deposit NNS 34823 6016 26 are be VBP 34823 6016 27 most most RBS 34823 6016 28 active active JJ 34823 6016 29 , , , 34823 6016 30 and and CC 34823 6016 31 whose whose WP$ 34823 6016 32 loans loan NNS 34823 6016 33 are be VBP 34823 6016 34 most most RBS 34823 6016 35 liquid liquid JJ 34823 6016 36 . . . 34823 6017 1 Stock stock NN 34823 6017 2 market market NN 34823 6017 3 collateral collateral NN 34823 6017 4 loans loan NNS 34823 6017 5 thus thus RB 34823 6017 6 constitute constitute VBP 34823 6017 7 the the DT 34823 6017 8 most most RBS 34823 6017 9 perfectly perfectly RB 34823 6017 10 satisfactory satisfactory JJ 34823 6017 11 sort sort NN 34823 6017 12 of of IN 34823 6017 13 bank bank NN 34823 6017 14 loan loan NN 34823 6017 15 , , , 34823 6017 16 from from IN 34823 6017 17 the the DT 34823 6017 18 standpoint standpoint NN 34823 6017 19 of of IN 34823 6017 20 liquidity liquidity NN 34823 6017 21 . . . 34823 6018 1 Though though IN 34823 6018 2 such such JJ 34823 6018 3 loans loan NNS 34823 6018 4 do do VBP 34823 6018 5 not not RB 34823 6018 6 make make VB 34823 6018 7 up up RP 34823 6018 8 the the DT 34823 6018 9 bulk bulk NN 34823 6018 10 of of IN 34823 6018 11 bank bank NN 34823 6018 12 loans loan NNS 34823 6018 13 ( ( -LRB- 34823 6018 14 we -PRON- PRP 34823 6018 15 have have VBP 34823 6018 16 concluded conclude VBN 34823 6018 17 that that IN 34823 6018 18 they -PRON- PRP 34823 6018 19 constitute constitute VBP 34823 6018 20 30.6 30.6 CD 34823 6018 21 % % NN 34823 6018 22 of of IN 34823 6018 23 the the DT 34823 6018 24 loans loan NNS 34823 6018 25 of of IN 34823 6018 26 State State NNP 34823 6018 27 and and CC 34823 6018 28 national national JJ 34823 6018 29 banks bank NNS 34823 6018 30 and and CC 34823 6018 31 trust trust NN 34823 6018 32 companies company NNS 34823 6018 33 in in IN 34823 6018 34 1909 1909 CD 34823 6018 35 ) ) -RRB- 34823 6018 36 , , , 34823 6018 37 they -PRON- PRP 34823 6018 38 do do VBP 34823 6018 39 account account VB 34823 6018 40 for for IN 34823 6018 41 the the DT 34823 6018 42 bulk bulk NN 34823 6018 43 of of IN 34823 6018 44 banking banking NN 34823 6018 45 activity activity NN 34823 6018 46 , , , 34823 6018 47 and and CC 34823 6018 48 supply supply VB 34823 6018 49 the the DT 34823 6018 50 greatest great JJS 34823 6018 51 part part NN 34823 6018 52 of of IN 34823 6018 53 the the DT 34823 6018 54 liquidity liquidity NN 34823 6018 55 of of IN 34823 6018 56 total total JJ 34823 6018 57 bank bank NN 34823 6018 58 loans loan NNS 34823 6018 59 . . . 34823 6019 1 When when WRB 34823 6019 2 we -PRON- PRP 34823 6019 3 consider consider VBP 34823 6019 4 further further RB 34823 6019 5 the the DT 34823 6019 6 item item NN 34823 6019 7 of of IN 34823 6019 8 securities security NNS 34823 6019 9 ( ( -LRB- 34823 6019 10 chiefly chiefly RB 34823 6019 11 bonds bond NNS 34823 6019 12 ) ) -RRB- 34823 6019 13 in in IN 34823 6019 14 banking banking NN 34823 6019 15 assets asset NNS 34823 6019 16 , , , 34823 6019 17 we -PRON- PRP 34823 6019 18 find find VBP 34823 6019 19 another another DT 34823 6019 20 highly highly RB 34823 6019 21 important important JJ 34823 6019 22 source source NN 34823 6019 23 of of IN 34823 6019 24 liquidity liquidity NN 34823 6019 25 . . . 34823 6020 1 The the DT 34823 6020 2 sales sale NNS 34823 6020 3 of of IN 34823 6020 4 bonds bond NNS 34823 6020 5 in in IN 34823 6020 6 the the DT 34823 6020 7 great great JJ 34823 6020 8 banking banking NN 34823 6020 9 centres centre NNS 34823 6020 10 are be VBP 34823 6020 11 enormous enormous JJ 34823 6020 12 . . . 34823 6021 1 The the DT 34823 6021 2 figures figure NNS 34823 6021 3 of of IN 34823 6021 4 bond bond NN 34823 6021 5 sales sale NNS 34823 6021 6 on on IN 34823 6021 7 the the DT 34823 6021 8 exchanges exchange NNS 34823 6021 9 do do VBP 34823 6021 10 not not RB 34823 6021 11 begin begin VB 34823 6021 12 to to TO 34823 6021 13 tell tell VB 34823 6021 14 the the DT 34823 6021 15 story story NN 34823 6021 16 . . . 34823 6022 1 One one CD 34823 6022 2 big big JJ 34823 6022 3 bank bank NN 34823 6022 4 in in IN 34823 6022 5 New New NNP 34823 6022 6 York York NNP 34823 6022 7 in in IN 34823 6022 8 1911 1911 CD 34823 6022 9 sold sell VBD 34823 6022 10 more more JJR 34823 6022 11 than than IN 34823 6022 12 half half DT 34823 6022 13 as as RB 34823 6022 14 many many JJ 34823 6022 15 bonds bond NNS 34823 6022 16 as as IN 34823 6022 17 were be VBD 34823 6022 18 sold sell VBN 34823 6022 19 in in IN 34823 6022 20 that that DT 34823 6022 21 year year NN 34823 6022 22 on on IN 34823 6022 23 the the DT 34823 6022 24 floor floor NN 34823 6022 25 of of IN 34823 6022 26 the the DT 34823 6022 27 Stock Stock NNP 34823 6022 28 Exchange Exchange NNP 34823 6022 29 . . . 34823 6023 1 [ [ -LRB- 34823 6023 2 537 537 CD 34823 6023 3 ] ] -RRB- 34823 6023 4 It -PRON- PRP 34823 6023 5 has have VBZ 34823 6023 6 been be VBN 34823 6023 7 frequently frequently RB 34823 6023 8 stated state VBN 34823 6023 9 that that IN 34823 6023 10 ten ten CD 34823 6023 11 bonds bond NNS 34823 6023 12 , , , 34823 6023 13 of of IN 34823 6023 14 those those DT 34823 6023 15 listed list VBN 34823 6023 16 on on IN 34823 6023 17 the the DT 34823 6023 18 Exchange Exchange NNP 34823 6023 19 are be VBP 34823 6023 20 sold sell VBN 34823 6023 21 over over IN 34823 6023 22 the the DT 34823 6023 23 counter counter NN 34823 6023 24 for for IN 34823 6023 25 one one CD 34823 6023 26 on on IN 34823 6023 27 the the DT 34823 6023 28 floor floor NN 34823 6023 29 . . . 34823 6024 1 This this DT 34823 6024 2 is be VBZ 34823 6024 3 truer truer NN 34823 6024 4 of of IN 34823 6024 5 Boston Boston NNP 34823 6024 6 than than IN 34823 6024 7 New New NNP 34823 6024 8 York York NNP 34823 6024 9 . . . 34823 6025 1 The the DT 34823 6025 2 " " `` 34823 6025 3 outside outside JJ 34823 6025 4 market market NN 34823 6025 5 " " '' 34823 6025 6 for for IN 34823 6025 7 unlisted unlisted JJ 34823 6025 8 bonds bond NNS 34823 6025 9 is be VBZ 34823 6025 10 a a DT 34823 6025 11 very very RB 34823 6025 12 important important JJ 34823 6025 13 matter matter NN 34823 6025 14 . . . 34823 6026 1 Dealings dealing NNS 34823 6026 2 among among IN 34823 6026 3 banks bank NNS 34823 6026 4 in in IN 34823 6026 5 these these DT 34823 6026 6 items item NNS 34823 6026 7 and and CC 34823 6026 8 in in IN 34823 6026 9 foreign foreign JJ 34823 6026 10 exchange exchange NN 34823 6026 11 are be VBP 34823 6026 12 exceedingly exceedingly RB 34823 6026 13 important important JJ 34823 6026 14 . . . 34823 6027 1 This this DT 34823 6027 2 is be VBZ 34823 6027 3 especially especially RB 34823 6027 4 true true JJ 34823 6027 5 of of IN 34823 6027 6 the the DT 34823 6027 7 business business NN 34823 6027 8 of of IN 34823 6027 9 the the DT 34823 6027 10 great great JJ 34823 6027 11 private private JJ 34823 6027 12 bankers banker NNS 34823 6027 13 , , , 34823 6027 14 as as IN 34823 6027 15 Morgan Morgan NNP 34823 6027 16 , , , 34823 6027 17 Kuhn Kuhn NNP 34823 6027 18 - - HYPH 34823 6027 19 Loeb Loeb NNP 34823 6027 20 and and CC 34823 6027 21 others other NNS 34823 6027 22 . . . 34823 6028 1 Much much JJ 34823 6028 2 of of IN 34823 6028 3 this this DT 34823 6028 4 does do VBZ 34823 6028 5 not not RB 34823 6028 6 appear appear VB 34823 6028 7 in in IN 34823 6028 8 Kinley Kinley NNP 34823 6028 9 's 's POS 34823 6028 10 figures figure NNS 34823 6028 11 , , , 34823 6028 12 since since IN 34823 6028 13 neither neither CC 34823 6028 14 the the DT 34823 6028 15 deposits deposit NNS 34823 6028 16 of of IN 34823 6028 17 the the DT 34823 6028 18 great great JJ 34823 6028 19 private private JJ 34823 6028 20 banks bank NNS 34823 6028 21 in in IN 34823 6028 22 other other JJ 34823 6028 23 banks bank NNS 34823 6028 24 , , , 34823 6028 25 nor nor CC 34823 6028 26 the the DT 34823 6028 27 deposits deposit NNS 34823 6028 28 made make VBN 34823 6028 29 in in IN 34823 6028 30 the the DT 34823 6028 31 private private JJ 34823 6028 32 banks bank NNS 34823 6028 33 themselves -PRON- PRP 34823 6028 34 ( ( -LRB- 34823 6028 35 so so RB 34823 6028 36 far far RB 34823 6028 37 as as IN 34823 6028 38 New New NNP 34823 6028 39 York York NNP 34823 6028 40 City City NNP 34823 6028 41 is be VBZ 34823 6028 42 concerned concerned JJ 34823 6028 43 ) ) -RRB- 34823 6028 44 figure figure NN 34823 6028 45 in in IN 34823 6028 46 his -PRON- PRP$ 34823 6028 47 totals total NNS 34823 6028 48 . . . 34823 6029 1 [ [ -LRB- 34823 6029 2 538 538 CD 34823 6029 3 ] ] -RRB- 34823 6029 4 Had have VBD 34823 6029 5 they -PRON- PRP 34823 6029 6 been be VBN 34823 6029 7 included include VBN 34823 6029 8 , , , 34823 6029 9 the the DT 34823 6029 10 percentage percentage NN 34823 6029 11 of of IN 34823 6029 12 the the DT 34823 6029 13 " " `` 34823 6029 14 all all DT 34823 6029 15 other other JJ 34823 6029 16 deposits deposit NNS 34823 6029 17 " " `` 34823 6029 18 would would MD 34823 6029 19 have have VB 34823 6029 20 grown grow VBN 34823 6029 21 , , , 34823 6029 22 and and CC 34823 6029 23 we -PRON- PRP 34823 6029 24 should should MD 34823 6029 25 have have VB 34823 6029 26 had have VBN 34823 6029 27 still still RB 34823 6029 28 more more RBR 34823 6029 29 impressive impressive JJ 34823 6029 30 evidence evidence NN 34823 6029 31 of of IN 34823 6029 32 the the DT 34823 6029 33 fact fact NN 34823 6029 34 that that IN 34823 6029 35 modern modern JJ 34823 6029 36 banking banking NN 34823 6029 37 in in IN 34823 6029 38 the the DT 34823 6029 39 United United NNP 34823 6029 40 States States NNP 34823 6029 41 is be VBZ 34823 6029 42 largely largely RB 34823 6029 43 bound bind VBN 34823 6029 44 up up RP 34823 6029 45 with with IN 34823 6029 46 the the DT 34823 6029 47 security security NN 34823 6029 48 market market NN 34823 6029 49 , , , 34823 6029 50 and and CC 34823 6029 51 that that IN 34823 6029 52 modern modern JJ 34823 6029 53 bank bank NN 34823 6029 54 - - HYPH 34823 6029 55 credit credit NN 34823 6029 56 gets get VBZ 34823 6029 57 its -PRON- PRP$ 34823 6029 58 liquidity liquidity NN 34823 6029 59 chiefly chiefly RB 34823 6029 60 from from IN 34823 6029 61 that that DT 34823 6029 62 source source NN 34823 6029 63 . . . 34823 6030 1 The the DT 34823 6030 2 story story NN 34823 6030 3 is be VBZ 34823 6030 4 even even RB 34823 6030 5 more more RBR 34823 6030 6 impressively impressively RB 34823 6030 7 told tell VBN 34823 6030 8 by by IN 34823 6030 9 the the DT 34823 6030 10 figures figure NNS 34823 6030 11 for for IN 34823 6030 12 bank bank NN 34823 6030 13 clearings clearing NNS 34823 6030 14 , , , 34823 6030 15 which which WDT 34823 6030 16 include include VBP 34823 6030 17 the the DT 34823 6030 18 transactions transaction NNS 34823 6030 19 between between IN 34823 6030 20 banks bank NNS 34823 6030 21 , , , 34823 6030 22 and and CC 34823 6030 23 the the DT 34823 6030 24 transactions transaction NNS 34823 6030 25 of of IN 34823 6030 26 the the DT 34823 6030 27 private private JJ 34823 6030 28 bankers banker NNS 34823 6030 29 . . . 34823 6031 1 In in IN 34823 6031 2 New New NNP 34823 6031 3 York York NNP 34823 6031 4 , , , 34823 6031 5 in in IN 34823 6031 6 1909 1909 CD 34823 6031 7 , , , 34823 6031 8 total total JJ 34823 6031 9 clearings clearing NNS 34823 6031 10 for for IN 34823 6031 11 the the DT 34823 6031 12 year year NN 34823 6031 13 were be VBD 34823 6031 14 104 104 CD 34823 6031 15 billions billion NNS 34823 6031 16 , , , 34823 6031 17 as as IN 34823 6031 18 against against IN 34823 6031 19 62 62 CD 34823 6031 20 billions billion NNS 34823 6031 21 for for IN 34823 6031 22 the the DT 34823 6031 23 whole whole JJ 34823 6031 24 country country NN 34823 6031 25 outside outside IN 34823 6031 26 New New NNP 34823 6031 27 York York NNP 34823 6031 28 . . . 34823 6032 1 [ [ -LRB- 34823 6032 2 539 539 CD 34823 6032 3 ] ] -RRB- 34823 6032 4 That that DT 34823 6032 5 bank bank NN 34823 6032 6 clearings clearing NNS 34823 6032 7 are be VBP 34823 6032 8 closely closely RB 34823 6032 9 correlated correlate VBN 34823 6032 10 with with IN 34823 6032 11 stock stock NN 34823 6032 12 exchange exchange NN 34823 6032 13 transactions transaction NNS 34823 6032 14 , , , 34823 6032 15 has have VBZ 34823 6032 16 been be VBN 34823 6032 17 demonstrated demonstrate VBN 34823 6032 18 fully fully RB 34823 6032 19 by by IN 34823 6032 20 N. N. NNP 34823 6032 21 J. J. NNP 34823 6032 22 Silberling Silberling NNP 34823 6032 23 , , , 34823 6032 24 who who WP 34823 6032 25 has have VBZ 34823 6032 26 shown show VBN 34823 6032 27 the the DT 34823 6032 28 following following JJ 34823 6032 29 correlations correlation NNS 34823 6032 30 : : : 34823 6032 31 New New NNP 34823 6032 32 York York NNP 34823 6032 33 Stock Stock NNP 34823 6032 34 Exchange Exchange NNP 34823 6032 35 share share NN 34823 6032 36 sales sale NNS 34823 6032 37 with with IN 34823 6032 38 New New NNP 34823 6032 39 York York NNP 34823 6032 40 clearings clearing NNS 34823 6032 41 , , , 34823 6032 42 r r NN 34823 6032 43 = = SYM 34823 6032 44 .718 .718 CD 34823 6032 45 ; ; : 34823 6032 46 total total JJ 34823 6032 47 clearings clearing NNS 34823 6032 48 for for IN 34823 6032 49 the the DT 34823 6032 50 country country NN 34823 6032 51 with with IN 34823 6032 52 New New NNP 34823 6032 53 York York NNP 34823 6032 54 share share NN 34823 6032 55 sales sale NNS 34823 6032 56 , , , 34823 6032 57 r r NN 34823 6032 58 = = SYM 34823 6032 59 .607 .607 CD 34823 6032 60 ; ; : 34823 6032 61 total total JJ 34823 6032 62 clearings clearing NNS 34823 6032 63 for for IN 34823 6032 64 the the DT 34823 6032 65 country country NN 34823 6032 66 with with IN 34823 6032 67 railway railway NN 34823 6032 68 gross gross JJ 34823 6032 69 receipts receipt NNS 34823 6032 70 ( ( -LRB- 34823 6032 71 as as IN 34823 6032 72 representative representative NN 34823 6032 73 of of IN 34823 6032 74 ordinary ordinary JJ 34823 6032 75 trade trade NN 34823 6032 76 ) ) -RRB- 34823 6032 77 , , , 34823 6032 78 r r NN 34823 6032 79 = = SYM 34823 6032 80 .356 .356 CD 34823 6032 81 . . . 34823 6033 1 [ [ -LRB- 34823 6033 2 540 540 CD 34823 6033 3 ] ] -RRB- 34823 6033 4 The the DT 34823 6033 5 active active JJ 34823 6033 6 deposits deposit NNS 34823 6033 7 and and CC 34823 6033 8 the the DT 34823 6033 9 liquid liquid JJ 34823 6033 10 loans loan NNS 34823 6033 11 are be VBP 34823 6033 12 chiefly chiefly RB 34823 6033 13 connected connect VBN 34823 6033 14 with with IN 34823 6033 15 activities activity NNS 34823 6033 16 in in IN 34823 6033 17 finance finance NN 34823 6033 18 and and CC 34823 6033 19 speculation speculation NN 34823 6033 20 . . . 34823 6034 1 Now now RB 34823 6034 2 two two CD 34823 6034 3 important important JJ 34823 6034 4 practical practical JJ 34823 6034 5 conclusions conclusion NNS 34823 6034 6 are be VBP 34823 6034 7 suggested suggest VBN 34823 6034 8 by by IN 34823 6034 9 this this DT 34823 6034 10 analysis analysis NN 34823 6034 11 . . . 34823 6035 1 The the DT 34823 6035 2 first first JJ 34823 6035 3 is be VBZ 34823 6035 4 that that IN 34823 6035 5 the the DT 34823 6035 6 complaint complaint NN 34823 6035 7 of of IN 34823 6035 8 many many JJ 34823 6035 9 farmers farmer NNS 34823 6035 10 , , , 34823 6035 11 merchants merchant NNS 34823 6035 12 , , , 34823 6035 13 politicians politician NNS 34823 6035 14 , , , 34823 6035 15 and and CC 34823 6035 16 even even RB 34823 6035 17 scientific scientific JJ 34823 6035 18 writers writer NNS 34823 6035 19 that that IN 34823 6035 20 too too RB 34823 6035 21 much much JJ 34823 6035 22 money money NN 34823 6035 23 and and CC 34823 6035 24 bank bank NN 34823 6035 25 - - HYPH 34823 6035 26 credit credit NN 34823 6035 27 are be VBP 34823 6035 28 at at IN 34823 6035 29 the the DT 34823 6035 30 disposal disposal NN 34823 6035 31 of of IN 34823 6035 32 Wall Wall NNP 34823 6035 33 Street Street NNP 34823 6035 34 and and CC 34823 6035 35 other other JJ 34823 6035 36 speculators speculator NNS 34823 6035 37 rests rest VBZ 34823 6035 38 on on IN 34823 6035 39 a a DT 34823 6035 40 misunderstanding misunderstanding NN 34823 6035 41 of of IN 34823 6035 42 causal causal JJ 34823 6035 43 relations relation NNS 34823 6035 44 . . . 34823 6036 1 Wall Wall NNP 34823 6036 2 Street Street NNP 34823 6036 3 does do VBZ 34823 6036 4 not not RB 34823 6036 5 , , , 34823 6036 6 by by IN 34823 6036 7 using use VBG 34823 6036 8 a a DT 34823 6036 9 large large JJ 34823 6036 10 amount amount NN 34823 6036 11 of of IN 34823 6036 12 bank bank NN 34823 6036 13 - - HYPH 34823 6036 14 credit credit NN 34823 6036 15 , , , 34823 6036 16 take take VBP 34823 6036 17 just just RB 34823 6036 18 that that RB 34823 6036 19 much much RB 34823 6036 20 away away RB 34823 6036 21 from from IN 34823 6036 22 ordinary ordinary JJ 34823 6036 23 business business NN 34823 6036 24 . . . 34823 6037 1 Rather rather RB 34823 6037 2 , , , 34823 6037 3 it -PRON- PRP 34823 6037 4 increases increase VBZ 34823 6037 5 the the DT 34823 6037 6 amount amount NN 34823 6037 7 available available JJ 34823 6037 8 for for IN 34823 6037 9 ordinary ordinary JJ 34823 6037 10 business business NN 34823 6037 11 ! ! . 34823 6038 1 Wall Wall NNP 34823 6038 2 Street Street NNP 34823 6038 3 , , , 34823 6038 4 and and CC 34823 6038 5 the the DT 34823 6038 6 other other JJ 34823 6038 7 financial financial JJ 34823 6038 8 and and CC 34823 6038 9 speculative speculative JJ 34823 6038 10 centres centre NNS 34823 6038 11 , , , 34823 6038 12 supply supply VBP 34823 6038 13 the the DT 34823 6038 14 _ _ NNP 34823 6038 15 liquidity liquidity NN 34823 6038 16 _ _ NNP 34823 6038 17 for for IN 34823 6038 18 bank bank NN 34823 6038 19 assets asset NNS 34823 6038 20 , , , 34823 6038 21 and and CC 34823 6038 22 so so RB 34823 6038 23 make make VB 34823 6038 24 possible possible JJ 34823 6038 25 loans loan NNS 34823 6038 26 on on IN 34823 6038 27 non non JJ 34823 6038 28 - - JJ 34823 6038 29 liquid liquid JJ 34823 6038 30 paper paper NN 34823 6038 31 . . . 34823 6039 1 Banks bank NNS 34823 6039 2 do do VBP 34823 6039 3 not not RB 34823 6039 4 need need VB 34823 6039 5 to to TO 34823 6039 6 have have VB 34823 6039 7 all all PDT 34823 6039 8 their -PRON- PRP$ 34823 6039 9 assets asset NNS 34823 6039 10 liquid liquid NN 34823 6039 11 . . . 34823 6040 1 If if IN 34823 6040 2 they -PRON- PRP 34823 6040 3 did do VBD 34823 6040 4 , , , 34823 6040 5 American american JJ 34823 6040 6 banks bank NNS 34823 6040 7 would would MD 34823 6040 8 have have VB 34823 6040 9 long long RB 34823 6040 10 since since IN 34823 6040 11 gone go VBN 34823 6040 12 under under RB 34823 6040 13 ! ! . 34823 6041 1 The the DT 34823 6041 2 foregoing foregoing JJ 34823 6041 3 discussion discussion NN 34823 6041 4 of of IN 34823 6041 5 loans loan NNS 34823 6041 6 to to IN 34823 6041 7 farmers farmer NNS 34823 6041 8 , , , 34823 6041 9 and and CC 34823 6041 10 manufacturers manufacturer NNS 34823 6041 11 and and CC 34823 6041 12 even even RB 34823 6041 13 merchants merchant NNS 34823 6041 14 should should MD 34823 6041 15 have have VB 34823 6041 16 made make VBN 34823 6041 17 that that DT 34823 6041 18 clear clear JJ 34823 6041 19 . . . 34823 6042 1 But but CC 34823 6042 2 banks bank NNS 34823 6042 3 do do VBP 34823 6042 4 need need VB 34823 6042 5 a a DT 34823 6042 6 substantial substantial JJ 34823 6042 7 margin margin NN 34823 6042 8 of of IN 34823 6042 9 liquidity liquidity NN 34823 6042 10 , , , 34823 6042 11 to to TO 34823 6042 12 protect protect VB 34823 6042 13 the the DT 34823 6042 14 rest rest NN 34823 6042 15 . . . 34823 6043 1 They -PRON- PRP 34823 6043 2 get get VBP 34823 6043 3 it -PRON- PRP 34823 6043 4 from from IN 34823 6043 5 stock stock NN 34823 6043 6 exchange exchange NN 34823 6043 7 collateral collateral NN 34823 6043 8 loans loan NNS 34823 6043 9 , , , 34823 6043 10 and and CC 34823 6043 11 from from IN 34823 6043 12 ownership ownership NN 34823 6043 13 of of IN 34823 6043 14 listed list VBN 34823 6043 15 and and CC 34823 6043 16 easily easily RB 34823 6043 17 marketable marketable JJ 34823 6043 18 bonds bond NNS 34823 6043 19 , , , 34823 6043 20 primarily primarily RB 34823 6043 21 . . . 34823 6044 1 They -PRON- PRP 34823 6044 2 get get VBP 34823 6044 3 part part NN 34823 6044 4 of of IN 34823 6044 5 it -PRON- PRP 34823 6044 6 from from IN 34823 6044 7 true true JJ 34823 6044 8 commercial commercial JJ 34823 6044 9 paper paper NN 34823 6044 10 . . . 34823 6045 1 Thus thus RB 34823 6045 2 , , , 34823 6045 3 the the DT 34823 6045 4 director director NN 34823 6045 5 of of IN 34823 6045 6 a a DT 34823 6045 7 country country NN 34823 6045 8 bank bank NN 34823 6045 9 in in IN 34823 6045 10 Iowa Iowa NNP 34823 6045 11 told tell VBD 34823 6045 12 the the DT 34823 6045 13 writer writer NN 34823 6045 14 that that WDT 34823 6045 15 banks bank NNS 34823 6045 16 in in IN 34823 6045 17 his -PRON- PRP$ 34823 6045 18 section section NN 34823 6045 19 -- -- : 34823 6045 20 where where WRB 34823 6045 21 banks bank NNS 34823 6045 22 owned own VBN 34823 6045 23 in in IN 34823 6045 24 large large JJ 34823 6045 25 measure measure NN 34823 6045 26 by by IN 34823 6045 27 farmers farmer NNS 34823 6045 28 , , , 34823 6045 29 and and CC 34823 6045 30 dealing deal VBG 34823 6045 31 largely largely RB 34823 6045 32 with with IN 34823 6045 33 farmers farmer NNS 34823 6045 34 , , , 34823 6045 35 are be VBP 34823 6045 36 very very RB 34823 6045 37 numerous numerous JJ 34823 6045 38 and and CC 34823 6045 39 important important JJ 34823 6045 40 -- -- : 34823 6045 41 make make VB 34823 6045 42 a a DT 34823 6045 43 regular regular JJ 34823 6045 44 practice practice NN 34823 6045 45 of of IN 34823 6045 46 buying buying NN 34823 6045 47 , , , 34823 6045 48 through through IN 34823 6045 49 brokers broker NNS 34823 6045 50 , , , 34823 6045 51 a a DT 34823 6045 52 considerable considerable JJ 34823 6045 53 amount amount NN 34823 6045 54 of of IN 34823 6045 55 notes note NNS 34823 6045 56 of of IN 34823 6045 57 outside outside JJ 34823 6045 58 merchants merchant NNS 34823 6045 59 . . . 34823 6046 1 They -PRON- PRP 34823 6046 2 do do VBP 34823 6046 3 this this DT 34823 6046 4 to to TO 34823 6046 5 protect protect VB 34823 6046 6 themselves -PRON- PRP 34823 6046 7 . . . 34823 6047 1 Their -PRON- PRP$ 34823 6047 2 other other JJ 34823 6047 3 loans loan NNS 34823 6047 4 , , , 34823 6047 5 to to IN 34823 6047 6 farmers farmer NNS 34823 6047 7 , , , 34823 6047 8 while while IN 34823 6047 9 good good JJ 34823 6047 10 , , , 34823 6047 11 are be VBP 34823 6047 12 slow slow JJ 34823 6047 13 . . . 34823 6048 1 If if IN 34823 6048 2 pressed press VBD 34823 6048 3 themselves -PRON- PRP 34823 6048 4 , , , 34823 6048 5 they -PRON- PRP 34823 6048 6 can can MD 34823 6048 7 not not RB 34823 6048 8 press press VB 34823 6048 9 their -PRON- PRP$ 34823 6048 10 depositors depositor NNS 34823 6048 11 . . . 34823 6049 1 These these DT 34823 6049 2 notes note NNS 34823 6049 3 bought buy VBD 34823 6049 4 through through IN 34823 6049 5 note note NN 34823 6049 6 - - HYPH 34823 6049 7 brokers broker NNS 34823 6049 8 , , , 34823 6049 9 however however RB 34823 6049 10 , , , 34823 6049 11 are be VBP 34823 6049 12 impersonal impersonal JJ 34823 6049 13 . . . 34823 6050 1 They -PRON- PRP 34823 6050 2 can can MD 34823 6050 3 refuse refuse VB 34823 6050 4 to to TO 34823 6050 5 renew renew VB 34823 6050 6 them -PRON- PRP 34823 6050 7 . . . 34823 6051 1 They -PRON- PRP 34823 6051 2 can can MD 34823 6051 3 sell sell VB 34823 6051 4 them -PRON- PRP 34823 6051 5 again again RB 34823 6051 6 . . . 34823 6052 1 They -PRON- PRP 34823 6052 2 thus thus RB 34823 6052 3 buttress buttress VBP 34823 6052 4 the the DT 34823 6052 5 rest rest NN 34823 6052 6 of of IN 34823 6052 7 their -PRON- PRP$ 34823 6052 8 assets asset NNS 34823 6052 9 . . . 34823 6053 1 They -PRON- PRP 34823 6053 2 can can MD 34823 6053 3 thus thus RB 34823 6053 4 lend lend VB 34823 6053 5 more more JJR 34823 6053 6 , , , 34823 6053 7 rather rather RB 34823 6053 8 than than IN 34823 6053 9 less less JJR 34823 6053 10 , , , 34823 6053 11 to to IN 34823 6053 12 local local JJ 34823 6053 13 customers customer NNS 34823 6053 14 . . . 34823 6054 1 They -PRON- PRP 34823 6054 2 can can MD 34823 6054 3 safely safely RB 34823 6054 4 get get VB 34823 6054 5 along along RP 34823 6054 6 with with IN 34823 6054 7 much much RB 34823 6054 8 smaller small JJR 34823 6054 9 cash cash NN 34823 6054 10 reserves reserve NNS 34823 6054 11 . . . 34823 6055 1 Similarly similarly RB 34823 6055 2 with with IN 34823 6055 3 the the DT 34823 6055 4 practice practice NN 34823 6055 5 of of IN 34823 6055 6 country country NN 34823 6055 7 banks bank NNS 34823 6055 8 of of IN 34823 6055 9 sending send VBG 34823 6055 10 a a DT 34823 6055 11 large large JJ 34823 6055 12 part part NN 34823 6055 13 of of IN 34823 6055 14 their -PRON- PRP$ 34823 6055 15 cash cash NN 34823 6055 16 to to IN 34823 6055 17 Wall Wall NNP 34823 6055 18 Street Street NNP 34823 6055 19 banks bank NNS 34823 6055 20 to to TO 34823 6055 21 be be VB 34823 6055 22 lent lend VBN 34823 6055 23 on on IN 34823 6055 24 call call NN 34823 6055 25 , , , 34823 6055 26 for for IN 34823 6055 27 which which WDT 34823 6055 28 the the DT 34823 6055 29 country country NN 34823 6055 30 banks bank NNS 34823 6055 31 get get VBP 34823 6055 32 , , , 34823 6055 33 say say UH 34823 6055 34 , , , 34823 6055 35 2 2 CD 34823 6055 36 % % NN 34823 6055 37 from from IN 34823 6055 38 the the DT 34823 6055 39 Wall Wall NNP 34823 6055 40 Street Street NNP 34823 6055 41 banks bank NNS 34823 6055 42 . . . 34823 6056 1 Their -PRON- PRP$ 34823 6056 2 country country NN 34823 6056 3 customers customer NNS 34823 6056 4 would would MD 34823 6056 5 pay pay VB 34823 6056 6 6 6 CD 34823 6056 7 % % NN 34823 6056 8 or or CC 34823 6056 9 more more JJR 34823 6056 10 for for IN 34823 6056 11 that that DT 34823 6056 12 money money NN 34823 6056 13 in in IN 34823 6056 14 some some DT 34823 6056 15 cases case NNS 34823 6056 16 , , , 34823 6056 17 but but CC 34823 6056 18 the the DT 34823 6056 19 banks bank NNS 34823 6056 20 dare dare VBP 34823 6056 21 not not RB 34823 6056 22 tie tie VB 34823 6056 23 up up RP 34823 6056 24 more more JJR 34823 6056 25 of of IN 34823 6056 26 their -PRON- PRP$ 34823 6056 27 assets asset NNS 34823 6056 28 in in IN 34823 6056 29 non non JJ 34823 6056 30 - - JJ 34823 6056 31 liquid liquid JJ 34823 6056 32 local local JJ 34823 6056 33 paper paper NN 34823 6056 34 . . . 34823 6057 1 They -PRON- PRP 34823 6057 2 lend lend VBP 34823 6057 3 more more JJR 34823 6057 4 , , , 34823 6057 5 rather rather RB 34823 6057 6 than than IN 34823 6057 7 less less JJR 34823 6057 8 , , , 34823 6057 9 at at IN 34823 6057 10 home home NN 34823 6057 11 , , , 34823 6057 12 because because IN 34823 6057 13 they -PRON- PRP 34823 6057 14 send send VBP 34823 6057 15 part part NN 34823 6057 16 away away RB 34823 6057 17 . . . 34823 6058 1 Wall Wall NNP 34823 6058 2 Street Street NNP 34823 6058 3 is be VBZ 34823 6058 4 not not RB 34823 6058 5 " " `` 34823 6058 6 draining drain VBG 34823 6058 7 our -PRON- PRP$ 34823 6058 8 commerce commerce NN 34823 6058 9 of of IN 34823 6058 10 its -PRON- PRP$ 34823 6058 11 life life NN 34823 6058 12 blood blood NN 34823 6058 13 " " '' 34823 6058 14 ! ! . 34823 6059 1 [ [ -LRB- 34823 6059 2 541 541 CD 34823 6059 3 ] ] -RRB- 34823 6059 4 Wall Wall NNP 34823 6059 5 Street Street NNP 34823 6059 6 is be VBZ 34823 6059 7 rather rather RB 34823 6059 8 preventing prevent VBG 34823 6059 9 that that DT 34823 6059 10 life life NN 34823 6059 11 blood blood NN 34823 6059 12 from from IN 34823 6059 13 coagulating coagulate VBG 34823 6059 14 ! ! . 34823 6060 1 A a DT 34823 6060 2 second second JJ 34823 6060 3 important important JJ 34823 6060 4 practical practical JJ 34823 6060 5 conclusion conclusion NN 34823 6060 6 relates relate VBZ 34823 6060 7 to to IN 34823 6060 8 the the DT 34823 6060 9 provision provision NN 34823 6060 10 in in IN 34823 6060 11 the the DT 34823 6060 12 Federal Federal NNP 34823 6060 13 Reserve Reserve NNP 34823 6060 14 Act Act NNP 34823 6060 15 which which WDT 34823 6060 16 forbids forbid VBZ 34823 6060 17 Federal Federal NNP 34823 6060 18 Reserve Reserve NNP 34823 6060 19 Banks Banks NNPS 34823 6060 20 to to TO 34823 6060 21 rediscount rediscount VB 34823 6060 22 stock stock NN 34823 6060 23 exchange exchange NN 34823 6060 24 paper paper NN 34823 6060 25 . . . 34823 6061 1 This this DT 34823 6061 2 provision provision NN 34823 6061 3 was be VBD 34823 6061 4 intended intend VBN 34823 6061 5 to to TO 34823 6061 6 keep keep VB 34823 6061 7 funds fund NNS 34823 6061 8 from from IN 34823 6061 9 being be VBG 34823 6061 10 diverted divert VBN 34823 6061 11 from from IN 34823 6061 12 commerce commerce NN 34823 6061 13 to to IN 34823 6061 14 stock stock NN 34823 6061 15 speculation speculation NN 34823 6061 16 , , , 34823 6061 17 and and CC 34823 6061 18 doubtless doubtless RB 34823 6061 19 met meet VBD 34823 6061 20 the the DT 34823 6061 21 approval approval NN 34823 6061 22 of of IN 34823 6061 23 many many JJ 34823 6061 24 very very RB 34823 6061 25 good good JJ 34823 6061 26 students student NNS 34823 6061 27 of of IN 34823 6061 28 the the DT 34823 6061 29 subject subject NN 34823 6061 30 . . . 34823 6062 1 If if IN 34823 6062 2 the the DT 34823 6062 3 foregoing foregoing NN 34823 6062 4 be be VB 34823 6062 5 true true JJ 34823 6062 6 , , , 34823 6062 7 however however RB 34823 6062 8 , , , 34823 6062 9 that that IN 34823 6062 10 provision provision NN 34823 6062 11 is be VBZ 34823 6062 12 a a DT 34823 6062 13 mistake mistake NN 34823 6062 14 . . . 34823 6063 1 It -PRON- PRP 34823 6063 2 is be VBZ 34823 6063 3 a a DT 34823 6063 4 mistake mistake NN 34823 6063 5 , , , 34823 6063 6 first first RB 34823 6063 7 , , , 34823 6063 8 because because IN 34823 6063 9 it -PRON- PRP 34823 6063 10 will will MD 34823 6063 11 lessen lessen VB 34823 6063 12 , , , 34823 6063 13 rather rather RB 34823 6063 14 than than IN 34823 6063 15 increase increase VB 34823 6063 16 , , , 34823 6063 17 the the DT 34823 6063 18 power power NN 34823 6063 19 of of IN 34823 6063 20 the the DT 34823 6063 21 Reserve Reserve NNP 34823 6063 22 Banks Banks NNPS 34823 6063 23 to to TO 34823 6063 24 provide provide VB 34823 6063 25 relief relief NN 34823 6063 26 to to TO 34823 6063 27 commerce commerce VB 34823 6063 28 through through IN 34823 6063 29 aiding aid VBG 34823 6063 30 in in IN 34823 6063 31 making make VBG 34823 6063 32 bank bank NN 34823 6063 33 assets asset NNS 34823 6063 34 liquid liquid NNP 34823 6063 35 _ _ NNP 34823 6063 36 via via IN 34823 6063 37 _ _ NNP 34823 6063 38 the the DT 34823 6063 39 stock stock NN 34823 6063 40 market market NN 34823 6063 41 . . . 34823 6064 1 It -PRON- PRP 34823 6064 2 will will MD 34823 6064 3 limit limit VB 34823 6064 4 the the DT 34823 6064 5 liquid liquid JJ 34823 6064 6 assets asset NNS 34823 6064 7 of of IN 34823 6064 8 the the DT 34823 6064 9 Federal Federal NNP 34823 6064 10 Reserve Reserve NNP 34823 6064 11 Banks Banks NNPS 34823 6064 12 in in IN 34823 6064 13 too too RB 34823 6064 14 great great JJ 34823 6064 15 a a DT 34823 6064 16 degree degree NN 34823 6064 17 to to IN 34823 6064 18 gold gold NN 34823 6064 19 . . . 34823 6065 1 It -PRON- PRP 34823 6065 2 is be VBZ 34823 6065 3 a a DT 34823 6065 4 mistake mistake NN 34823 6065 5 , , , 34823 6065 6 in in IN 34823 6065 7 the the DT 34823 6065 8 second second JJ 34823 6065 9 place place NN 34823 6065 10 , , , 34823 6065 11 because because IN 34823 6065 12 it -PRON- PRP 34823 6065 13 prevents prevent VBZ 34823 6065 14 the the DT 34823 6065 15 Reserve Reserve NNP 34823 6065 16 Banks Banks NNPS 34823 6065 17 , , , 34823 6065 18 particularly particularly RB 34823 6065 19 in in IN 34823 6065 20 New New NNP 34823 6065 21 York York NNP 34823 6065 22 and and CC 34823 6065 23 Boston Boston NNP 34823 6065 24 , , , 34823 6065 25 from from IN 34823 6065 26 making make VBG 34823 6065 27 satisfactory satisfactory JJ 34823 6065 28 profits profit NNS 34823 6065 29 -- -- : 34823 6065 30 which which WDT 34823 6065 31 is be VBZ 34823 6065 32 one one CD 34823 6065 33 important important JJ 34823 6065 34 purpose purpose NN 34823 6065 35 of of IN 34823 6065 36 a a DT 34823 6065 37 bank bank NN 34823 6065 38 ! ! . 34823 6066 1 Even even RB 34823 6066 2 more more RBR 34823 6066 3 important important JJ 34823 6066 4 , , , 34823 6066 5 however however RB 34823 6066 6 , , , 34823 6066 7 is be VBZ 34823 6066 8 the the DT 34823 6066 9 third third JJ 34823 6066 10 objection objection NN 34823 6066 11 : : : 34823 6066 12 it -PRON- PRP 34823 6066 13 prevents prevent VBZ 34823 6066 14 , , , 34823 6066 15 in in IN 34823 6066 16 large large JJ 34823 6066 17 degree degree NN 34823 6066 18 , , , 34823 6066 19 the the DT 34823 6066 20 Federal Federal NNP 34823 6066 21 Reserve Reserve NNP 34823 6066 22 Banks Banks NNPS 34823 6066 23 from from IN 34823 6066 24 being be VBG 34823 6066 25 effective effective JJ 34823 6066 26 weapons weapon NNS 34823 6066 27 against against IN 34823 6066 28 the the DT 34823 6066 29 " " `` 34823 6066 30 Money Money NNP 34823 6066 31 Trust Trust NNP 34823 6066 32 . . . 34823 6066 33 " " '' 34823 6067 1 How how WRB 34823 6067 2 far far RB 34823 6067 3 we -PRON- PRP 34823 6067 4 have have VBP 34823 6067 5 a a DT 34823 6067 6 " " `` 34823 6067 7 Money Money NNP 34823 6067 8 Trust Trust NNP 34823 6067 9 " " '' 34823 6067 10 need nee MD 34823 6067 11 not not RB 34823 6067 12 be be VB 34823 6067 13 here here RB 34823 6067 14 argued argue VBN 34823 6067 15 . . . 34823 6068 1 The the DT 34823 6068 2 Pujo Pujo NNP 34823 6068 3 Committee Committee NNP 34823 6068 4 , , , 34823 6068 5 relying rely VBG 34823 6068 6 in in IN 34823 6068 7 considerable considerable JJ 34823 6068 8 degree degree NN 34823 6068 9 on on IN 34823 6068 10 admissions admission NNS 34823 6068 11 of of IN 34823 6068 12 prominent prominent JJ 34823 6068 13 financiers financier NNS 34823 6068 14 that that WDT 34823 6068 15 " " `` 34823 6068 16 concentration concentration NN 34823 6068 17 had have VBD 34823 6068 18 gone go VBN 34823 6068 19 far far RB 34823 6068 20 enough enough RB 34823 6068 21 , , , 34823 6068 22 " " '' 34823 6068 23 and and CC 34823 6068 24 on on IN 34823 6068 25 the the DT 34823 6068 26 inability inability NN 34823 6068 27 of of IN 34823 6068 28 Mr. Mr. NNP 34823 6068 29 Baker Baker NNP 34823 6068 30 to to TO 34823 6068 31 find find VB 34823 6068 32 more more JJR 34823 6068 33 than than IN 34823 6068 34 one one CD 34823 6068 35 issue issue NN 34823 6068 36 of of IN 34823 6068 37 securities security NNS 34823 6068 38 of of IN 34823 6068 39 over over IN 34823 6068 40 $ $ $ 34823 6068 41 10,000,000 10,000,000 CD 34823 6068 42 within within IN 34823 6068 43 ten ten CD 34823 6068 44 years year NNS 34823 6068 45 , , , 34823 6068 46 without without IN 34823 6068 47 the the DT 34823 6068 48 coöperation coöperation NN 34823 6068 49 or or CC 34823 6068 50 participation participation NN 34823 6068 51 of of IN 34823 6068 52 one one CD 34823 6068 53 of of IN 34823 6068 54 the the DT 34823 6068 55 members member NNS 34823 6068 56 of of IN 34823 6068 57 a a DT 34823 6068 58 small small JJ 34823 6068 59 group group NN 34823 6068 60 , , , 34823 6068 61 concluded conclude VBD 34823 6068 62 that that IN 34823 6068 63 we -PRON- PRP 34823 6068 64 have have VBP 34823 6068 65 a a DT 34823 6068 66 " " `` 34823 6068 67 Money Money NNP 34823 6068 68 Trust Trust NNP 34823 6068 69 " " '' 34823 6068 70 in in IN 34823 6068 71 the the DT 34823 6068 72 sense sense NN 34823 6068 73 that that IN 34823 6068 74 there there EX 34823 6068 75 is be VBZ 34823 6068 76 " " `` 34823 6068 77 an an DT 34823 6068 78 established established JJ 34823 6068 79 and and CC 34823 6068 80 well well RB 34823 6068 81 - - HYPH 34823 6068 82 defined define VBN 34823 6068 83 identity identity NN 34823 6068 84 and and CC 34823 6068 85 community community NN 34823 6068 86 of of IN 34823 6068 87 interests interest NNS 34823 6068 88 between between IN 34823 6068 89 a a DT 34823 6068 90 few few JJ 34823 6068 91 leaders leader NNS 34823 6068 92 of of IN 34823 6068 93 finance finance NN 34823 6068 94 ... ... NFP 34823 6068 95 which which WDT 34823 6068 96 has have VBZ 34823 6068 97 resulted result VBN 34823 6068 98 in in IN 34823 6068 99 a a DT 34823 6068 100 vast vast JJ 34823 6068 101 and and CC 34823 6068 102 growing grow VBG 34823 6068 103 concentration concentration NN 34823 6068 104 of of IN 34823 6068 105 control control NN 34823 6068 106 of of IN 34823 6068 107 money money NN 34823 6068 108 and and CC 34823 6068 109 credit credit NN 34823 6068 110 in in IN 34823 6068 111 the the DT 34823 6068 112 hands hand NNS 34823 6068 113 of of IN 34823 6068 114 a a DT 34823 6068 115 comparatively comparatively RB 34823 6068 116 few few JJ 34823 6068 117 men man NNS 34823 6068 118 . . . 34823 6069 1 " " `` 34823 6069 2 [ [ -LRB- 34823 6069 3 542 542 CD 34823 6069 4 ] ] -RRB- 34823 6069 5 How how WRB 34823 6069 6 far far RB 34823 6069 7 this this DT 34823 6069 8 conclusion conclusion NN 34823 6069 9 is be VBZ 34823 6069 10 justified justified JJ 34823 6069 11 is be VBZ 34823 6069 12 , , , 34823 6069 13 of of IN 34823 6069 14 course course NN 34823 6069 15 , , , 34823 6069 16 a a DT 34823 6069 17 matter matter NN 34823 6069 18 that that WDT 34823 6069 19 would would MD 34823 6069 20 require require VB 34823 6069 21 elaborate elaborate JJ 34823 6069 22 discussion discussion NN 34823 6069 23 . . . 34823 6070 1 There there EX 34823 6070 2 seems seem VBZ 34823 6070 3 to to TO 34823 6070 4 be be VB 34823 6070 5 evidence evidence NN 34823 6070 6 that that IN 34823 6070 7 there there EX 34823 6070 8 is be VBZ 34823 6070 9 , , , 34823 6070 10 since since IN 34823 6070 11 the the DT 34823 6070 12 death death NN 34823 6070 13 of of IN 34823 6070 14 the the DT 34823 6070 15 elder eld JJR 34823 6070 16 Morgan Morgan NNP 34823 6070 17 , , , 34823 6070 18 a a DT 34823 6070 19 decided decide VBN 34823 6070 20 loosening loosening NN 34823 6070 21 of of IN 34823 6070 22 ties tie NNS 34823 6070 23 . . . 34823 6071 1 One one CD 34823 6071 2 feels feel VBZ 34823 6071 3 the the DT 34823 6071 4 need need NN 34823 6071 5 , , , 34823 6071 6 moreover moreover RB 34823 6071 7 , , , 34823 6071 8 of of IN 34823 6071 9 discounting discount VBG 34823 6071 10 very very RB 34823 6071 11 considerably considerably RB 34823 6071 12 many many JJ 34823 6071 13 of of IN 34823 6071 14 the the DT 34823 6071 15 conclusions conclusion NNS 34823 6071 16 of of IN 34823 6071 17 the the DT 34823 6071 18 Pujo Pujo NNP 34823 6071 19 Committee Committee NNP 34823 6071 20 . . . 34823 6072 1 The the DT 34823 6072 2 present present JJ 34823 6072 3 writer writer NN 34823 6072 4 feels feel VBZ 34823 6072 5 that that IN 34823 6072 6 the the DT 34823 6072 7 case case NN 34823 6072 8 has have VBZ 34823 6072 9 been be VBN 34823 6072 10 made make VBN 34823 6072 11 , , , 34823 6072 12 however however RB 34823 6072 13 , , , 34823 6072 14 that that IN 34823 6072 15 there there EX 34823 6072 16 has have VBZ 34823 6072 17 been be VBN 34823 6072 18 , , , 34823 6072 19 and and CC 34823 6072 20 probably probably RB 34823 6072 21 continues continue VBZ 34823 6072 22 , , , 34823 6072 23 a a DT 34823 6072 24 much much RB 34823 6072 25 greater great JJR 34823 6072 26 concentration concentration NN 34823 6072 27 of of IN 34823 6072 28 such such JJ 34823 6072 29 control control NN 34823 6072 30 than than IN 34823 6072 31 is be VBZ 34823 6072 32 desirable desirable JJ 34823 6072 33 . . . 34823 6073 1 Whether whether IN 34823 6073 2 or or CC 34823 6073 3 not not RB 34823 6073 4 there there EX 34823 6073 5 is be VBZ 34823 6073 6 at at IN 34823 6073 7 present present JJ 34823 6073 8 such such PDT 34823 6073 9 a a DT 34823 6073 10 " " `` 34823 6073 11 Money Money NNP 34823 6073 12 Trust Trust NNP 34823 6073 13 , , , 34823 6073 14 " " '' 34823 6073 15 it -PRON- PRP 34823 6073 16 seems seem VBZ 34823 6073 17 pretty pretty RB 34823 6073 18 clear clear JJ 34823 6073 19 that that IN 34823 6073 20 temporary temporary JJ 34823 6073 21 , , , 34823 6073 22 if if IN 34823 6073 23 not not RB 34823 6073 24 permanent permanent JJ 34823 6073 25 , , , 34823 6073 26 alignments alignment NNS 34823 6073 27 , , , 34823 6073 28 may may MD 34823 6073 29 give give VB 34823 6073 30 effective effective JJ 34823 6073 31 monopoly monopoly NN 34823 6073 32 control control NN 34823 6073 33 when when WRB 34823 6073 34 the the DT 34823 6073 35 issue issue NN 34823 6073 36 of of IN 34823 6073 37 very very RB 34823 6073 38 big big JJ 34823 6073 39 blocks block NNS 34823 6073 40 of of IN 34823 6073 41 securities security NNS 34823 6073 42 is be VBZ 34823 6073 43 involved involve VBN 34823 6073 44 . . . 34823 6074 1 For for IN 34823 6074 2 present present JJ 34823 6074 3 purposes purpose NNS 34823 6074 4 , , , 34823 6074 5 however however RB 34823 6074 6 , , , 34823 6074 7 it -PRON- PRP 34823 6074 8 is be VBZ 34823 6074 9 enough enough JJ 34823 6074 10 to to TO 34823 6074 11 note note VB 34823 6074 12 that that IN 34823 6074 13 _ _ NNP 34823 6074 14 if if IN 34823 6074 15 _ _ NNP 34823 6074 16 there there EX 34823 6074 17 is be VBZ 34823 6074 18 , , , 34823 6074 19 or or CC 34823 6074 20 should should MD 34823 6074 21 come come VB 34823 6074 22 to to TO 34823 6074 23 be be VB 34823 6074 24 , , , 34823 6074 25 a a DT 34823 6074 26 " " `` 34823 6074 27 Money Money NNP 34823 6074 28 Trust Trust NNP 34823 6074 29 , , , 34823 6074 30 " " `` 34823 6074 31 it -PRON- PRP 34823 6074 32 is be VBZ 34823 6074 33 a a DT 34823 6074 34 trust trust NN 34823 6074 35 concerned concern VBN 34823 6074 36 with with IN 34823 6074 37 _ _ NNP 34823 6074 38 financing financing NN 34823 6074 39 industry industry NN 34823 6074 40 , , , 34823 6074 41 through through IN 34823 6074 42 handling handle VBG 34823 6074 43 security security NN 34823 6074 44 issues issue NNS 34823 6074 45 _ _ NNP 34823 6074 46 , , , 34823 6074 47 and and CC 34823 6074 48 not not RB 34823 6074 49 a a DT 34823 6074 50 trust trust NN 34823 6074 51 _ _ NNP 34823 6074 52 in in IN 34823 6074 53 the the DT 34823 6074 54 granting granting NN 34823 6074 55 of of IN 34823 6074 56 ordinary ordinary JJ 34823 6074 57 commercial commercial JJ 34823 6074 58 credit._[543 credit._[543 . 34823 6074 59 ] ] -RRB- 34823 6074 60 If if IN 34823 6074 61 , , , 34823 6074 62 therefore therefore RB 34823 6074 63 , , , 34823 6074 64 the the DT 34823 6074 65 Federal Federal NNP 34823 6074 66 Reserve Reserve NNP 34823 6074 67 Banks Banks NNPS 34823 6074 68 are be VBP 34823 6074 69 to to TO 34823 6074 70 compete compete VB 34823 6074 71 with with IN 34823 6074 72 it -PRON- PRP 34823 6074 73 , , , 34823 6074 74 and and CC 34823 6074 75 break break VB 34823 6074 76 its -PRON- PRP$ 34823 6074 77 monopoly monopoly NN 34823 6074 78 , , , 34823 6074 79 they -PRON- PRP 34823 6074 80 must must MD 34823 6074 81 do do VB 34823 6074 82 it -PRON- PRP 34823 6074 83 by by IN 34823 6074 84 entering enter VBG 34823 6074 85 the the DT 34823 6074 86 market market NN 34823 6074 87 with with IN 34823 6074 88 funds fund NNS 34823 6074 89 for for IN 34823 6074 90 the the DT 34823 6074 91 financing financing NN 34823 6074 92 of of IN 34823 6074 93 corporate corporate JJ 34823 6074 94 industry industry NN 34823 6074 95 . . . 34823 6075 1 Power power NN 34823 6075 2 to to TO 34823 6075 3 rediscount rediscount VB 34823 6075 4 commercial commercial JJ 34823 6075 5 paper paper NN 34823 6075 6 seems seem VBZ 34823 6075 7 a a DT 34823 6075 8 feeble feeble JJ 34823 6075 9 and and CC 34823 6075 10 hardly hardly RB 34823 6075 11 relevant relevant JJ 34823 6075 12 weapon weapon NN 34823 6075 13 against against IN 34823 6075 14 a a DT 34823 6075 15 combination combination NN 34823 6075 16 concerned concern VBN 34823 6075 17 with with IN 34823 6075 18 purchasing purchase VBG 34823 6075 19 securities security NNS 34823 6075 20 , , , 34823 6075 21 and and CC 34823 6075 22 making make VBG 34823 6075 23 collateral collateral JJ 34823 6075 24 loans loan NNS 34823 6075 25 ! ! . 34823 6076 1 No no RB 34823 6076 2 doubt doubt RB 34823 6076 3 , , , 34823 6076 4 this this DT 34823 6076 5 power power NN 34823 6076 6 is be VBZ 34823 6076 7 worth worth JJ 34823 6076 8 something something NN 34823 6076 9 . . . 34823 6077 1 If if IN 34823 6077 2 an an DT 34823 6077 3 independent independent JJ 34823 6077 4 investment investment NN 34823 6077 5 banker banker NN 34823 6077 6 wishes wish VBZ 34823 6077 7 to to TO 34823 6077 8 compete compete VB 34823 6077 9 with with IN 34823 6077 10 a a DT 34823 6077 11 " " `` 34823 6077 12 Money Money NNP 34823 6077 13 Trust Trust NNP 34823 6077 14 " " '' 34823 6077 15 in in IN 34823 6077 16 financing finance VBG 34823 6077 17 a a DT 34823 6077 18 new new JJ 34823 6077 19 enterprise enterprise NN 34823 6077 20 , , , 34823 6077 21 he -PRON- PRP 34823 6077 22 can can MD 34823 6077 23 go go VB 34823 6077 24 to to IN 34823 6077 25 his -PRON- PRP$ 34823 6077 26 commercial commercial JJ 34823 6077 27 banker banker NN 34823 6077 28 , , , 34823 6077 29 and and CC 34823 6077 30 offer offer VB 34823 6077 31 collateral collateral JJ 34823 6077 32 security security NN 34823 6077 33 for for IN 34823 6077 34 a a DT 34823 6077 35 loan loan NN 34823 6077 36 ; ; : 34823 6077 37 if if IN 34823 6077 38 the the DT 34823 6077 39 commercial commercial JJ 34823 6077 40 banker banker NN 34823 6077 41 wishes wish VBZ 34823 6077 42 to to TO 34823 6077 43 aid aid VB 34823 6077 44 him -PRON- PRP 34823 6077 45 , , , 34823 6077 46 but but CC 34823 6077 47 is be VBZ 34823 6077 48 short short JJ 34823 6077 49 of of IN 34823 6077 50 lending lend VBG 34823 6077 51 power power NN 34823 6077 52 , , , 34823 6077 53 he -PRON- PRP 34823 6077 54 may may MD 34823 6077 55 , , , 34823 6077 56 if if IN 34823 6077 57 he -PRON- PRP 34823 6077 58 has have VBZ 34823 6077 59 plenty plenty NN 34823 6077 60 of of IN 34823 6077 61 commercial commercial JJ 34823 6077 62 paper paper NN 34823 6077 63 available available JJ 34823 6077 64 for for IN 34823 6077 65 rediscount rediscount NN 34823 6077 66 , , , 34823 6077 67 rediscount rediscount VB 34823 6077 68 it -PRON- PRP 34823 6077 69 with with IN 34823 6077 70 the the DT 34823 6077 71 Federal Federal NNP 34823 6077 72 Reserve Reserve NNP 34823 6077 73 Bank Bank NNP 34823 6077 74 , , , 34823 6077 75 and and CC 34823 6077 76 so so RB 34823 6077 77 get get VB 34823 6077 78 the the DT 34823 6077 79 additional additional JJ 34823 6077 80 funds fund NNS 34823 6077 81 . . . 34823 6078 1 But but CC 34823 6078 2 a a DT 34823 6078 3 New New NNP 34823 6078 4 York York NNP 34823 6078 5 bank bank NN 34823 6078 6 , , , 34823 6078 7 or or CC 34823 6078 8 trust trust NN 34823 6078 9 company company NN 34823 6078 10 , , , 34823 6078 11 with with IN 34823 6078 12 the the DT 34823 6078 13 bulk bulk NN 34823 6078 14 of of IN 34823 6078 15 its -PRON- PRP$ 34823 6078 16 assets asset NNS 34823 6078 17 in in IN 34823 6078 18 stock stock NN 34823 6078 19 exchange exchange NN 34823 6078 20 investments investment NNS 34823 6078 21 , , , 34823 6078 22 may may MD 34823 6078 23 well well RB 34823 6078 24 not not RB 34823 6078 25 have have VB 34823 6078 26 enough enough JJ 34823 6078 27 commercial commercial JJ 34823 6078 28 paper paper NN 34823 6078 29 eligible eligible JJ 34823 6078 30 for for IN 34823 6078 31 rediscount rediscount NN 34823 6078 32 , , , 34823 6078 33 and and CC 34823 6078 34 the the DT 34823 6078 35 Federal Federal NNP 34823 6078 36 Reserve Reserve NNP 34823 6078 37 Bank Bank NNP 34823 6078 38 could could MD 34823 6078 39 help help VB 34823 6078 40 very very RB 34823 6078 41 much much RB 34823 6078 42 more more RBR 34823 6078 43 effectively effectively RB 34823 6078 44 if if IN 34823 6078 45 it -PRON- PRP 34823 6078 46 could could MD 34823 6078 47 take take VB 34823 6078 48 collateral collateral JJ 34823 6078 49 loans loan NNS 34823 6078 50 directly directly RB 34823 6078 51 . . . 34823 6079 1 A a DT 34823 6079 2 fourth fourth JJ 34823 6079 3 , , , 34823 6079 4 and and CC 34823 6079 5 even even RB 34823 6079 6 more more RBR 34823 6079 7 important important JJ 34823 6079 8 objection objection NN 34823 6079 9 to to IN 34823 6079 10 the the DT 34823 6079 11 restriction restriction NN 34823 6079 12 on on IN 34823 6079 13 stock stock NN 34823 6079 14 exchange exchange NN 34823 6079 15 collateral collateral NN 34823 6079 16 loans loan NNS 34823 6079 17 for for IN 34823 6079 18 Federal Federal NNP 34823 6079 19 Reserve Reserve NNP 34823 6079 20 Banks Banks NNPS 34823 6079 21 relates relate VBZ 34823 6079 22 to to IN 34823 6079 23 the the DT 34823 6079 24 power power NN 34823 6079 25 of of IN 34823 6079 26 these these DT 34823 6079 27 banks bank NNS 34823 6079 28 to to TO 34823 6079 29 aid aid VB 34823 6079 30 in in IN 34823 6079 31 a a DT 34823 6079 32 crisis crisis NN 34823 6079 33 . . . 34823 6080 1 Crises crisis NNS 34823 6080 2 first first RB 34823 6080 3 hit hit VBD 34823 6080 4 the the DT 34823 6080 5 stock stock NN 34823 6080 6 market market NN 34823 6080 7 . . . 34823 6081 1 Financial financial JJ 34823 6081 2 panics panic NNS 34823 6081 3 are be VBP 34823 6081 4 most most RBS 34823 6081 5 acute acute JJ 34823 6081 6 there there RB 34823 6081 7 . . . 34823 6082 1 The the DT 34823 6082 2 need need NN 34823 6082 3 for for IN 34823 6082 4 immediate immediate JJ 34823 6082 5 and and CC 34823 6082 6 drastic drastic JJ 34823 6082 7 relief relief NN 34823 6082 8 is be VBZ 34823 6082 9 greatest great JJS 34823 6082 10 there there RB 34823 6082 11 . . . 34823 6083 1 If if IN 34823 6083 2 stock stock NN 34823 6083 3 exchange exchange NN 34823 6083 4 loans loan NNS 34823 6083 5 lose lose VBP 34823 6083 6 their -PRON- PRP$ 34823 6083 7 liquidity liquidity NN 34823 6083 8 , , , 34823 6083 9 what what WP 34823 6083 10 of of IN 34823 6083 11 the the DT 34823 6083 12 rest rest NN 34823 6083 13 of of IN 34823 6083 14 bank bank NN 34823 6083 15 loans loan NNS 34823 6083 16 ? ? . 34823 6084 1 Power power NN 34823 6084 2 to to TO 34823 6084 3 lend lend VB 34823 6084 4 on on IN 34823 6084 5 stock stock NN 34823 6084 6 exchange exchange NN 34823 6084 7 collateral collateral NN 34823 6084 8 , , , 34823 6084 9 in in IN 34823 6084 10 the the DT 34823 6084 11 hands hand NNS 34823 6084 12 of of IN 34823 6084 13 the the DT 34823 6084 14 Federal Federal NNP 34823 6084 15 Reserve Reserve NNP 34823 6084 16 Banks Banks NNPS 34823 6084 17 , , , 34823 6084 18 may may MD 34823 6084 19 well well RB 34823 6084 20 prove prove VB 34823 6084 21 , , , 34823 6084 22 in in IN 34823 6084 23 crises crisis NNS 34823 6084 24 , , , 34823 6084 25 an an DT 34823 6084 26 essential essential JJ 34823 6084 27 , , , 34823 6084 28 if if IN 34823 6084 29 we -PRON- PRP 34823 6084 30 wish wish VBP 34823 6084 31 to to TO 34823 6084 32 make make VB 34823 6084 33 our -PRON- PRP$ 34823 6084 34 system system NN 34823 6084 35 definitely definitely RB 34823 6084 36 " " '' 34823 6084 37 panic panic NN 34823 6084 38 proof proof NN 34823 6084 39 . . . 34823 6085 1 " " `` 34823 6085 2 [ [ -LRB- 34823 6085 3 544 544 CD 34823 6085 4 ] ] -RRB- 34823 6085 5 And and CC 34823 6085 6 now now RB 34823 6085 7 for for IN 34823 6085 8 a a DT 34823 6085 9 vital vital JJ 34823 6085 10 theoretical theoretical JJ 34823 6085 11 conclusion conclusion NN 34823 6085 12 from from IN 34823 6085 13 this this DT 34823 6085 14 lengthy lengthy JJ 34823 6085 15 analysis analysis NN 34823 6085 16 of of IN 34823 6085 17 bank bank NN 34823 6085 18 loans loan NNS 34823 6085 19 . . . 34823 6086 1 For for IN 34823 6086 2 the the DT 34823 6086 3 quantity quantity NN 34823 6086 4 theory theory NN 34823 6086 5 , , , 34823 6086 6 and and CC 34823 6086 7 the the DT 34823 6086 8 " " `` 34823 6086 9 equation equation NNP 34823 6086 10 of of IN 34823 6086 11 exchange exchange NNP 34823 6086 12 , , , 34823 6086 13 " " '' 34823 6086 14 all all DT 34823 6086 15 exchanges exchange NNS 34823 6086 16 stand stand VBP 34823 6086 17 on on IN 34823 6086 18 a a DT 34823 6086 19 par par NN 34823 6086 20 . . . 34823 6087 1 If if IN 34823 6087 2 one one CD 34823 6087 3 exchange exchange NN 34823 6087 4 takes take VBZ 34823 6087 5 place place NN 34823 6087 6 , , , 34823 6087 7 that that WDT 34823 6087 8 lessens lessen VBZ 34823 6087 9 the the DT 34823 6087 10 money money NN 34823 6087 11 and and CC 34823 6087 12 credit credit NN 34823 6087 13 available available JJ 34823 6087 14 for for IN 34823 6087 15 another another DT 34823 6087 16 exchange exchange NN 34823 6087 17 . . . 34823 6088 1 The the DT 34823 6088 2 more more JJR 34823 6088 3 exchanges exchange NNS 34823 6088 4 there there EX 34823 6088 5 are be VBP 34823 6088 6 , , , 34823 6088 7 the the DT 34823 6088 8 less less JJR 34823 6088 9 money money NN 34823 6088 10 and and CC 34823 6088 11 credit credit NN 34823 6088 12 there there EX 34823 6088 13 are be VBP 34823 6088 14 per per IN 34823 6088 15 exchange exchange NN 34823 6088 16 , , , 34823 6088 17 and and CC 34823 6088 18 the the DT 34823 6088 19 lower low JJR 34823 6088 20 prices price NNS 34823 6088 21 must must MD 34823 6088 22 be be VB 34823 6088 23 , , , 34823 6088 24 as as IN 34823 6088 25 a a DT 34823 6088 26 consequence consequence NN 34823 6088 27 . . . 34823 6089 1 Nothing nothing NN 34823 6089 2 could could MD 34823 6089 3 be be VB 34823 6089 4 more more RBR 34823 6089 5 false false JJ 34823 6089 6 . . . 34823 6090 1 Exchanges exchange NNS 34823 6090 2 are be VBP 34823 6090 3 not not RB 34823 6090 4 on on IN 34823 6090 5 a a DT 34823 6090 6 par par NN 34823 6090 7 . . . 34823 6091 1 [ [ -LRB- 34823 6091 2 545 545 CD 34823 6091 3 ] ] -RRB- 34823 6091 4 Some some DT 34823 6091 5 classes class NNS 34823 6091 6 of of IN 34823 6091 7 exchanges exchange NNS 34823 6091 8 increase increase VBP 34823 6091 9 , , , 34823 6091 10 rather rather RB 34823 6091 11 than than IN 34823 6091 12 decrease decrease VB 34823 6091 13 the the DT 34823 6091 14 funds fund NNS 34823 6091 15 available available JJ 34823 6091 16 for for IN 34823 6091 17 handling handle VBG 34823 6091 18 others other NNS 34823 6091 19 . . . 34823 6092 1 The the DT 34823 6092 2 activity activity NN 34823 6092 3 of of IN 34823 6092 4 the the DT 34823 6092 5 speculative speculative JJ 34823 6092 6 markets market NNS 34823 6092 7 , , , 34823 6092 8 making make VBG 34823 6092 9 loans loan NNS 34823 6092 10 fluid fluid JJ 34823 6092 11 , , , 34823 6092 12 enormously enormously RB 34823 6092 13 increases increase VBZ 34823 6092 14 the the DT 34823 6092 15 lending lending NN 34823 6092 16 power power NN 34823 6092 17 of of IN 34823 6092 18 the the DT 34823 6092 19 banks bank NNS 34823 6092 20 for for IN 34823 6092 21 all all DT 34823 6092 22 purposes purpose NNS 34823 6092 23 . . . 34823 6093 1 Exchanges exchange NNS 34823 6093 2 of of IN 34823 6093 3 securities security NNS 34823 6093 4 , , , 34823 6093 5 especially especially RB 34823 6093 6 , , , 34823 6093 7 instead instead RB 34823 6093 8 of of IN 34823 6093 9 lowering lower VBG 34823 6093 10 prices price NNS 34823 6093 11 , , , 34823 6093 12 make make VB 34823 6093 13 it -PRON- PRP 34823 6093 14 easier easier RBR 34823 6093 15 for for IN 34823 6093 16 prices price NNS 34823 6093 17 to to TO 34823 6093 18 rise rise VB 34823 6093 19 . . . 34823 6094 1 [ [ -LRB- 34823 6094 2 546 546 CD 34823 6094 3 ] ] -RRB- 34823 6094 4 The the DT 34823 6094 5 years year NNS 34823 6094 6 of of IN 34823 6094 7 extraordinary extraordinary JJ 34823 6094 8 stock stock NN 34823 6094 9 sales sale NNS 34823 6094 10 have have VBP 34823 6094 11 always always RB 34823 6094 12 been be VBN 34823 6094 13 " " `` 34823 6094 14 bull bull NN 34823 6094 15 " " '' 34823 6094 16 years year NNS 34823 6094 17 . . . 34823 6095 1 There there EX 34823 6095 2 have have VBP 34823 6095 3 been be VBN 34823 6095 4 big big JJ 34823 6095 5 " " `` 34823 6095 6 bear bear NN 34823 6095 7 " " '' 34823 6095 8 days,[547 days,[547 NN 34823 6095 9 ] ] -RRB- 34823 6095 10 but but CC 34823 6095 11 never never RB 34823 6095 12 big big JJ 34823 6095 13 bear bear NN 34823 6095 14 years year NNS 34823 6095 15 , , , 34823 6095 16 in in IN 34823 6095 17 the the DT 34823 6095 18 record record NN 34823 6095 19 of of IN 34823 6095 20 New New NNP 34823 6095 21 York York NNP 34823 6095 22 Stock Stock NNP 34823 6095 23 Exchange Exchange NNP 34823 6095 24 share share NN 34823 6095 25 sales sale NNS 34823 6095 26 . . . 34823 6096 1 The the DT 34823 6096 2 selling selling NN 34823 6096 3 and and CC 34823 6096 4 reselling reselling NN 34823 6096 5 of of IN 34823 6096 6 speculative speculative JJ 34823 6096 7 goods good NNS 34823 6096 8 of of IN 34823 6096 9 securities security NNS 34823 6096 10 , , , 34823 6096 11 and and CC 34823 6096 12 of of IN 34823 6096 13 notes note NNS 34823 6096 14 and and CC 34823 6096 15 bills bill NNS 34823 6096 16 are be VBP 34823 6096 17 especially especially RB 34823 6096 18 important important JJ 34823 6096 19 as as IN 34823 6096 20 making make VBG 34823 6096 21 it -PRON- PRP 34823 6096 22 easier easier RBR 34823 6096 23 for for IN 34823 6096 24 banks bank NNS 34823 6096 25 to to TO 34823 6096 26 expand expand VB 34823 6096 27 loans loan NNS 34823 6096 28 . . . 34823 6097 1 To to TO 34823 6097 2 list list VB 34823 6097 3 all all DT 34823 6097 4 manner manner NN 34823 6097 5 of of IN 34823 6097 6 items item NNS 34823 6097 7 , , , 34823 6097 8 as as IN 34823 6097 9 Professor Professor NNP 34823 6097 10 Fisher Fisher NNP 34823 6097 11 does,[548 does,[548 NNP 34823 6097 12 ] ] -RRB- 34823 6097 13 " " `` 34823 6097 14 real real JJ 34823 6097 15 estate estate NN 34823 6097 16 , , , 34823 6097 17 commodities commodity NNS 34823 6097 18 , , , 34823 6097 19 stocks stock NNS 34823 6097 20 , , , 34823 6097 21 bonds bond NNS 34823 6097 22 , , , 34823 6097 23 mortgages mortgage NNS 34823 6097 24 , , , 34823 6097 25 private private JJ 34823 6097 26 notes note NNS 34823 6097 27 , , , 34823 6097 28 time time NN 34823 6097 29 bills bill NNS 34823 6097 30 of of IN 34823 6097 31 exchange exchange NN 34823 6097 32 , , , 34823 6097 33 rented rent VBD 34823 6097 34 real real JJ 34823 6097 35 estate estate NN 34823 6097 36 , , , 34823 6097 37 rented rent VBD 34823 6097 38 commodities commodity NNS 34823 6097 39 , , , 34823 6097 40 hired hire VBN 34823 6097 41 workers worker NNS 34823 6097 42 , , , 34823 6097 43 " " '' 34823 6097 44 and and CC 34823 6097 45 count count VB 34823 6097 46 them -PRON- PRP 34823 6097 47 all all DT 34823 6097 48 as as IN 34823 6097 49 " " `` 34823 6097 50 actual actual JJ 34823 6097 51 sales sale NNS 34823 6097 52 , , , 34823 6097 53 " " '' 34823 6097 54 all all DT 34823 6097 55 part part NN 34823 6097 56 of of IN 34823 6097 57 the the DT 34823 6097 58 " " `` 34823 6097 59 goods"[549 goods"[549 NN 34823 6097 60 ] ] -RRB- 34823 6097 61 which which WDT 34823 6097 62 make make VBP 34823 6097 63 up up RP 34823 6097 64 the the DT 34823 6097 65 " " `` 34823 6097 66 volume volume NN 34823 6097 67 of of IN 34823 6097 68 trade trade NN 34823 6097 69 , , , 34823 6097 70 " " '' 34823 6097 71 is be VBZ 34823 6097 72 to to TO 34823 6097 73 put put VB 34823 6097 74 the the DT 34823 6097 75 theory theory NN 34823 6097 76 utterly utterly RB 34823 6097 77 beyond beyond IN 34823 6097 78 the the DT 34823 6097 79 pale pale NN 34823 6097 80 . . . 34823 6098 1 Seasonal seasonal JJ 34823 6098 2 calls call NNS 34823 6098 3 on on IN 34823 6098 4 an an DT 34823 6098 5 inelastic inelastic JJ 34823 6098 6 money money NN 34823 6098 7 supply supply NN 34823 6098 8 for for IN 34823 6098 9 actual actual JJ 34823 6098 10 cash cash NN 34823 6098 11 to to TO 34823 6098 12 move move VB 34823 6098 13 crops crop NNS 34823 6098 14 and and CC 34823 6098 15 pay pay VB 34823 6098 16 agricultural agricultural JJ 34823 6098 17 wages wage NNS 34823 6098 18 may may MD 34823 6098 19 make make VB 34823 6098 20 a a DT 34823 6098 21 real real JJ 34823 6098 22 difference difference NN 34823 6098 23 in in IN 34823 6098 24 the the DT 34823 6098 25 value value NN 34823 6098 26 of of IN 34823 6098 27 money money NN 34823 6098 28 ; ; : 34823 6098 29 scarcity scarcity NN 34823 6098 30 of of IN 34823 6098 31 money money NN 34823 6098 32 of of IN 34823 6098 33 the the DT 34823 6098 34 right right JJ 34823 6098 35 denominations denomination NNS 34823 6098 36 for for IN 34823 6098 37 retail retail JJ 34823 6098 38 trade trade NN 34823 6098 39 may may MD 34823 6098 40 give give VB 34823 6098 41 an an DT 34823 6098 42 agio agio NN 34823 6098 43 to to IN 34823 6098 44 such such JJ 34823 6098 45 money,[550 money,[550 NN 34823 6098 46 ] ] -RRB- 34823 6098 47 but but CC 34823 6098 48 the the DT 34823 6098 49 money money NN 34823 6098 50 and and CC 34823 6098 51 credit credit NN 34823 6098 52 used use VBN 34823 6098 53 by by IN 34823 6098 54 speculators speculator NNS 34823 6098 55 , , , 34823 6098 56 bill bill NN 34823 6098 57 brokers broker NNS 34823 6098 58 , , , 34823 6098 59 dealers dealer NNS 34823 6098 60 in in IN 34823 6098 61 foreign foreign JJ 34823 6098 62 exchange exchange NN 34823 6098 63 , , , 34823 6098 64 investment investment NN 34823 6098 65 bankers banker NNS 34823 6098 66 , , , 34823 6098 67 etc etc FW 34823 6098 68 . . FW 34823 6098 69 , , , 34823 6098 70 increases increase NNS 34823 6098 71 , , , 34823 6098 72 rather rather RB 34823 6098 73 than than IN 34823 6098 74 decreases decrease NNS 34823 6098 75 , , , 34823 6098 76 the the DT 34823 6098 77 funds fund NNS 34823 6098 78 available available JJ 34823 6098 79 for for IN 34823 6098 80 ordinary ordinary JJ 34823 6098 81 industry industry NN 34823 6098 82 and and CC 34823 6098 83 commerce commerce NN 34823 6098 84 . . . 34823 6099 1 I -PRON- PRP 34823 6099 2 have have VBP 34823 6099 3 made make VBN 34823 6099 4 clear clear JJ 34823 6099 5 the the DT 34823 6099 6 distinction distinction NN 34823 6099 7 between between IN 34823 6099 8 the the DT 34823 6099 9 direct direct JJ 34823 6099 10 and and CC 34823 6099 11 indirect indirect JJ 34823 6099 12 financing financing NN 34823 6099 13 of of IN 34823 6099 14 industry industry NN 34823 6099 15 by by IN 34823 6099 16 banks bank NNS 34823 6099 17 . . . 34823 6100 1 Great great JJ 34823 6100 2 banks bank NNS 34823 6100 3 in in IN 34823 6100 4 Continental Continental NNP 34823 6100 5 Europe Europe NNP 34823 6100 6 often often RB 34823 6100 7 _ _ NNP 34823 6100 8 buy buy VBP 34823 6100 9 _ _ NNP 34823 6100 10 the the DT 34823 6100 11 stocks stock NNS 34823 6100 12 of of IN 34823 6100 13 new new JJ 34823 6100 14 corporations corporation NNS 34823 6100 15 , , , 34823 6100 16 hold hold VB 34823 6100 17 them -PRON- PRP 34823 6100 18 permanently permanently RB 34823 6100 19 , , , 34823 6100 20 put put VBD 34823 6100 21 bank bank NN 34823 6100 22 officers officer NNS 34823 6100 23 on on IN 34823 6100 24 the the DT 34823 6100 25 boards board NNS 34823 6100 26 of of IN 34823 6100 27 directors director NNS 34823 6100 28 , , , 34823 6100 29 and and CC 34823 6100 30 supervise supervise VBP 34823 6100 31 closely closely RB 34823 6100 32 the the DT 34823 6100 33 operations operation NNS 34823 6100 34 of of IN 34823 6100 35 the the DT 34823 6100 36 companies company NNS 34823 6100 37 . . . 34823 6101 1 In in IN 34823 6101 2 America America NNP 34823 6101 3 , , , 34823 6101 4 while while IN 34823 6101 5 officers officer NNS 34823 6101 6 of of IN 34823 6101 7 commercial[551 commercial[551 NN 34823 6101 8 ] ] -RRB- 34823 6101 9 banks bank NNS 34823 6101 10 often often RB 34823 6101 11 are be VBP 34823 6101 12 members member NNS 34823 6101 13 of of IN 34823 6101 14 boards board NNS 34823 6101 15 of of IN 34823 6101 16 directors director NNS 34823 6101 17 of of IN 34823 6101 18 the the DT 34823 6101 19 companies company NNS 34823 6101 20 which which WDT 34823 6101 21 borrow borrow VBP 34823 6101 22 heavily heavily RB 34823 6101 23 from from IN 34823 6101 24 the the DT 34823 6101 25 banks bank NNS 34823 6101 26 , , , 34823 6101 27 the the DT 34823 6101 28 practice practice NN 34823 6101 29 is be VBZ 34823 6101 30 to to TO 34823 6101 31 make make VB 34823 6101 32 short short JJ 34823 6101 33 - - HYPH 34823 6101 34 time time NN 34823 6101 35 loans loan NNS 34823 6101 36 to to IN 34823 6101 37 such such JJ 34823 6101 38 companies company NNS 34823 6101 39 ( ( -LRB- 34823 6101 40 in in IN 34823 6101 41 form form NN 34823 6101 42 , , , 34823 6101 43 if if IN 34823 6101 44 not not RB 34823 6101 45 in in IN 34823 6101 46 fact fact NN 34823 6101 47 ) ) -RRB- 34823 6101 48 , , , 34823 6101 49 and and CC 34823 6101 50 to to TO 34823 6101 51 lend lend VB 34823 6101 52 on on IN 34823 6101 53 their -PRON- PRP$ 34823 6101 54 securities security NNS 34823 6101 55 , , , 34823 6101 56 rather rather RB 34823 6101 57 than than IN 34823 6101 58 to to TO 34823 6101 59 buy buy VB 34823 6101 60 them -PRON- PRP 34823 6101 61 . . . 34823 6102 1 Our -PRON- PRP$ 34823 6102 2 banks bank NNS 34823 6102 3 own own VBP 34823 6102 4 securities security NNS 34823 6102 5 in in IN 34823 6102 6 enormous enormous JJ 34823 6102 7 amount amount NN 34823 6102 8 , , , 34823 6102 9 but but CC 34823 6102 10 they -PRON- PRP 34823 6102 11 are be VBP 34823 6102 12 chiefly chiefly RB 34823 6102 13 seasoned seasoned JJ 34823 6102 14 bonds bond NNS 34823 6102 15 , , , 34823 6102 16 rather rather RB 34823 6102 17 than than IN 34823 6102 18 stocks stock NNS 34823 6102 19 of of IN 34823 6102 20 new new JJ 34823 6102 21 or or CC 34823 6102 22 even even RB 34823 6102 23 well well RB 34823 6102 24 - - HYPH 34823 6102 25 proved prove VBN 34823 6102 26 , , , 34823 6102 27 enterprises enterprise NNS 34823 6102 28 . . . 34823 6103 1 It -PRON- PRP 34823 6103 2 is be VBZ 34823 6103 3 commonly commonly RB 34823 6103 4 supposed suppose VBN 34823 6103 5 , , , 34823 6103 6 too too RB 34823 6103 7 , , , 34823 6103 8 that that IN 34823 6103 9 collateral collateral JJ 34823 6103 10 loans loan NNS 34823 6103 11 are be VBP 34823 6103 12 chiefly chiefly RB 34823 6103 13 or or CC 34823 6103 14 almost almost RB 34823 6103 15 wholly wholly RB 34823 6103 16 made make VBN 34823 6103 17 to to IN 34823 6103 18 speculators speculator NNS 34823 6103 19 , , , 34823 6103 20 who who WP 34823 6103 21 buy buy VBP 34823 6103 22 securities security NNS 34823 6103 23 in in IN 34823 6103 24 the the DT 34823 6103 25 expectation expectation NN 34823 6103 26 of of IN 34823 6103 27 holding hold VBG 34823 6103 28 them -PRON- PRP 34823 6103 29 only only RB 34823 6103 30 till till IN 34823 6103 31 investors investor NNS 34823 6103 32 take take VB 34823 6103 33 them -PRON- PRP 34823 6103 34 off off IN 34823 6103 35 their -PRON- PRP$ 34823 6103 36 hands hand NNS 34823 6103 37 , , , 34823 6103 38 and and CC 34823 6103 39 that that IN 34823 6103 40 investors investor NNS 34823 6103 41 buy buy VBP 34823 6103 42 them -PRON- PRP 34823 6103 43 , , , 34823 6103 44 not not RB 34823 6103 45 with with IN 34823 6103 46 bank bank NN 34823 6103 47 - - HYPH 34823 6103 48 credit credit NN 34823 6103 49 derived derive VBN 34823 6103 50 from from IN 34823 6103 51 loans loan NNS 34823 6103 52 , , , 34823 6103 53 but but CC 34823 6103 54 with with IN 34823 6103 55 money money NN 34823 6103 56 or or CC 34823 6103 57 bank bank NN 34823 6103 58 - - HYPH 34823 6103 59 credit credit NN 34823 6103 60 which which WDT 34823 6103 61 they -PRON- PRP 34823 6103 62 accumulate accumulate VBP 34823 6103 63 by by IN 34823 6103 64 saving save VBG 34823 6103 65 out out IN 34823 6103 66 of of IN 34823 6103 67 current current JJ 34823 6103 68 income income NN 34823 6103 69 . . . 34823 6104 1 It -PRON- PRP 34823 6104 2 is be VBZ 34823 6104 3 particularly particularly RB 34823 6104 4 true true JJ 34823 6104 5 of of IN 34823 6104 6 the the DT 34823 6104 7 higher high JJR 34823 6104 8 grade grade NN 34823 6104 9 securities security NNS 34823 6104 10 , , , 34823 6104 11 which which WDT 34823 6104 12 savings saving VBZ 34823 6104 13 banks bank NNS 34823 6104 14 and and CC 34823 6104 15 insurance insurance NN 34823 6104 16 companies company NNS 34823 6104 17 can can MD 34823 6104 18 buy buy VB 34823 6104 19 , , , 34823 6104 20 that that IN 34823 6104 21 this this DT 34823 6104 22 is be VBZ 34823 6104 23 the the DT 34823 6104 24 case case NN 34823 6104 25 . . . 34823 6105 1 The the DT 34823 6105 2 bank bank NN 34823 6105 3 - - HYPH 34823 6105 4 credit credit NN 34823 6105 5 thus thus RB 34823 6105 6 serves serve VBZ 34823 6105 7 for for IN 34823 6105 8 temporary temporary JJ 34823 6105 9 , , , 34823 6105 10 rather rather RB 34823 6105 11 than than IN 34823 6105 12 for for IN 34823 6105 13 permanent permanent JJ 34823 6105 14 financing financing NN 34823 6105 15 , , , 34823 6105 16 to to IN 34823 6105 17 the the DT 34823 6105 18 extent extent NN 34823 6105 19 that that IN 34823 6105 20 this this DT 34823 6105 21 is be VBZ 34823 6105 22 true true JJ 34823 6105 23 . . . 34823 6106 1 I -PRON- PRP 34823 6106 2 think think VBP 34823 6106 3 , , , 34823 6106 4 however however RB 34823 6106 5 , , , 34823 6106 6 that that IN 34823 6106 7 the the DT 34823 6106 8 extent extent NN 34823 6106 9 to to TO 34823 6106 10 which which WDT 34823 6106 11 bank bank NN 34823 6106 12 - - HYPH 34823 6106 13 credit credit NN 34823 6106 14 serves serve NNS 34823 6106 15 for for IN 34823 6106 16 permanently permanently RB 34823 6106 17 financing finance VBG 34823 6106 18 industry industry NN 34823 6106 19 is be VBZ 34823 6106 20 underrated underrated JJ 34823 6106 21 . . . 34823 6107 1 A a DT 34823 6107 2 good good JJ 34823 6107 3 many many JJ 34823 6107 4 investors investor NNS 34823 6107 5 have have VBP 34823 6107 6 learned learn VBN 34823 6107 7 that that IN 34823 6107 8 the the DT 34823 6107 9 short short JJ 34823 6107 10 - - HYPH 34823 6107 11 time time NN 34823 6107 12 money money NN 34823 6107 13 - - HYPH 34823 6107 14 rates rate NNS 34823 6107 15 are be VBP 34823 6107 16 , , , 34823 6107 17 on on IN 34823 6107 18 the the DT 34823 6107 19 long long JJ 34823 6107 20 time time NN 34823 6107 21 average average NN 34823 6107 22 , , , 34823 6107 23 lower low JJR 34823 6107 24 than than IN 34823 6107 25 the the DT 34823 6107 26 yield yield NN 34823 6107 27 on on IN 34823 6107 28 long long JJ 34823 6107 29 - - HYPH 34823 6107 30 time time NN 34823 6107 31 securities security NNS 34823 6107 32 . . . 34823 6108 1 [ [ -LRB- 34823 6108 2 552 552 CD 34823 6108 3 ] ] -RRB- 34823 6108 4 They -PRON- PRP 34823 6108 5 have have VBP 34823 6108 6 learned learn VBN 34823 6108 7 , , , 34823 6108 8 too too RB 34823 6108 9 , , , 34823 6108 10 that that IN 34823 6108 11 high high JJ 34823 6108 12 - - HYPH 34823 6108 13 yield yield NN 34823 6108 14 securities security NNS 34823 6108 15 -- -- : 34823 6108 16 securities security NNS 34823 6108 17 high high RB 34823 6108 18 in in IN 34823 6108 19 yield yield NN 34823 6108 20 as as IN 34823 6108 21 compared compare VBN 34823 6108 22 with with IN 34823 6108 23 the the DT 34823 6108 24 long long JJ 34823 6108 25 - - HYPH 34823 6108 26 time time NN 34823 6108 27 average average NN 34823 6108 28 of of IN 34823 6108 29 money money NN 34823 6108 30 - - HYPH 34823 6108 31 rates rate NNS 34823 6108 32 -- -- : 34823 6108 33 can can MD 34823 6108 34 be be VB 34823 6108 35 obtained obtain VBN 34823 6108 36 which which WDT 34823 6108 37 can can MD 34823 6108 38 safely safely RB 34823 6108 39 be be VB 34823 6108 40 carried carry VBN 34823 6108 41 on on IN 34823 6108 42 margins margin NNS 34823 6108 43 of of IN 34823 6108 44 thirty thirty CD 34823 6108 45 , , , 34823 6108 46 forty forty CD 34823 6108 47 and and CC 34823 6108 48 fifty fifty CD 34823 6108 49 points point NNS 34823 6108 50 , , , 34823 6108 51 without without IN 34823 6108 52 danger danger NN 34823 6108 53 that that IN 34823 6108 54 even even RB 34823 6108 55 such such JJ 34823 6108 56 catastrophes catastrophe NNS 34823 6108 57 as as IN 34823 6108 58 the the DT 34823 6108 59 slump slump NN 34823 6108 60 in in IN 34823 6108 61 security security NN 34823 6108 62 prices price NNS 34823 6108 63 at at IN 34823 6108 64 the the DT 34823 6108 65 outbreak outbreak NN 34823 6108 66 of of IN 34823 6108 67 the the DT 34823 6108 68 War War NNP 34823 6108 69 will will MD 34823 6108 70 wipe wipe VB 34823 6108 71 the the DT 34823 6108 72 margins margin NNS 34823 6108 73 out out RP 34823 6108 74 . . . 34823 6109 1 The the DT 34823 6109 2 old old JJ 34823 6109 3 distinction distinction NN 34823 6109 4 between between IN 34823 6109 5 investors investor NNS 34823 6109 6 and and CC 34823 6109 7 speculators speculator NNS 34823 6109 8 , , , 34823 6109 9 the the DT 34823 6109 10 former former JJ 34823 6109 11 those those DT 34823 6109 12 who who WP 34823 6109 13 buy buy VBP 34823 6109 14 for for IN 34823 6109 15 the the DT 34823 6109 16 yield yield NN 34823 6109 17 , , , 34823 6109 18 and and CC 34823 6109 19 the the DT 34823 6109 20 latter latter JJ 34823 6109 21 those those DT 34823 6109 22 who who WP 34823 6109 23 buy buy VBP 34823 6109 24 for for IN 34823 6109 25 an an DT 34823 6109 26 anticipated anticipated JJ 34823 6109 27 rise rise NN 34823 6109 28 in in IN 34823 6109 29 capital capital NN 34823 6109 30 value value NN 34823 6109 31 , , , 34823 6109 32 no no RB 34823 6109 33 longer long RBR 34823 6109 34 corresponds correspond VBZ 34823 6109 35 to to IN 34823 6109 36 the the DT 34823 6109 37 distinction distinction NN 34823 6109 38 between between IN 34823 6109 39 those those DT 34823 6109 40 who who WP 34823 6109 41 buy buy VBP 34823 6109 42 outright outright RB 34823 6109 43 and and CC 34823 6109 44 those those DT 34823 6109 45 who who WP 34823 6109 46 buy buy VBP 34823 6109 47 on on IN 34823 6109 48 a a DT 34823 6109 49 margin margin NN 34823 6109 50 . . . 34823 6110 1 The the DT 34823 6110 2 investor investor NN 34823 6110 3 , , , 34823 6110 4 buying buy VBG 34823 6110 5 a a DT 34823 6110 6 6 6 CD 34823 6110 7 or or CC 34823 6110 8 7 7 CD 34823 6110 9 % % NN 34823 6110 10 preferred prefer VBN 34823 6110 11 stock stock NN 34823 6110 12 , , , 34823 6110 13 carrying carry VBG 34823 6110 14 it -PRON- PRP 34823 6110 15 on on IN 34823 6110 16 a a DT 34823 6110 17 forty forty CD 34823 6110 18 point point NN 34823 6110 19 margin margin NN 34823 6110 20 , , , 34823 6110 21 with with IN 34823 6110 22 money money NN 34823 6110 23 from from IN 34823 6110 24 his -PRON- PRP$ 34823 6110 25 bank bank NN 34823 6110 26 or or CC 34823 6110 27 broker broker NN 34823 6110 28 at at IN 34823 6110 29 4 4 CD 34823 6110 30 or or CC 34823 6110 31 5 5 CD 34823 6110 32 % % NN 34823 6110 33 , , , 34823 6110 34 is be VBZ 34823 6110 35 making make VBG 34823 6110 36 6 6 CD 34823 6110 37 or or CC 34823 6110 38 7 7 CD 34823 6110 39 % % NN 34823 6110 40 on on IN 34823 6110 41 his -PRON- PRP$ 34823 6110 42 own own JJ 34823 6110 43 forty forty CD 34823 6110 44 dollars dollar NNS 34823 6110 45 , , , 34823 6110 46 and and CC 34823 6110 47 is be VBZ 34823 6110 48 making make VBG 34823 6110 49 the the DT 34823 6110 50 difference difference NN 34823 6110 51 between between IN 34823 6110 52 6 6 CD 34823 6110 53 or or CC 34823 6110 54 7 7 CD 34823 6110 55 % % NN 34823 6110 56 and and CC 34823 6110 57 4 4 CD 34823 6110 58 or or CC 34823 6110 59 5 5 CD 34823 6110 60 % % NN 34823 6110 61 on on IN 34823 6110 62 the the DT 34823 6110 63 sixty sixty CD 34823 6110 64 dollars dollar NNS 34823 6110 65 lent lend VBD 34823 6110 66 him -PRON- PRP 34823 6110 67 by by IN 34823 6110 68 his -PRON- PRP$ 34823 6110 69 banker banker NN 34823 6110 70 or or CC 34823 6110 71 broker broker NN 34823 6110 72 . . . 34823 6111 1 He -PRON- PRP 34823 6111 2 substantially substantially RB 34823 6111 3 increases increase VBZ 34823 6111 4 his -PRON- PRP$ 34823 6111 5 yield yield NN 34823 6111 6 thereby thereby RB 34823 6111 7 , , , 34823 6111 8 and and CC 34823 6111 9 his -PRON- PRP$ 34823 6111 10 risks risk NNS 34823 6111 11 , , , 34823 6111 12 if if IN 34823 6111 13 he -PRON- PRP 34823 6111 14 chooses choose VBZ 34823 6111 15 his -PRON- PRP$ 34823 6111 16 stocks stock NNS 34823 6111 17 carefully carefully RB 34823 6111 18 , , , 34823 6111 19 and and CC 34823 6111 20 scatters scatter VBZ 34823 6111 21 them -PRON- PRP 34823 6111 22 among among IN 34823 6111 23 a a DT 34823 6111 24 number number NN 34823 6111 25 of of IN 34823 6111 26 issues issue NNS 34823 6111 27 , , , 34823 6111 28 are be VBP 34823 6111 29 not not RB 34823 6111 30 great great JJ 34823 6111 31 . . . 34823 6112 1 For for IN 34823 6112 2 the the DT 34823 6112 3 banker banker NN 34823 6112 4 or or CC 34823 6112 5 broker broker NN 34823 6112 6 , , , 34823 6112 7 such such PDT 34823 6112 8 a a DT 34823 6112 9 loan loan NN 34823 6112 10 is be VBZ 34823 6112 11 perfectly perfectly RB 34823 6112 12 satisfactory satisfactory JJ 34823 6112 13 . . . 34823 6113 1 The the DT 34823 6113 2 margin margin NN 34823 6113 3 of of IN 34823 6113 4 security security NN 34823 6113 5 is be VBZ 34823 6113 6 wider wide JJR 34823 6113 7 than than IN 34823 6113 8 that that DT 34823 6113 9 demanded demand VBD 34823 6113 10 on on IN 34823 6113 11 more more JJR 34823 6113 12 speculative speculative JJ 34823 6113 13 securities security NNS 34823 6113 14 . . . 34823 6114 1 Such such PDT 34823 6114 2 a a DT 34823 6114 3 borrower borrower NN 34823 6114 4 will will MD 34823 6114 5 receive receive VB 34823 6114 6 consideration consideration NN 34823 6114 7 when when WRB 34823 6114 8 more more RBR 34823 6114 9 speculative speculative JJ 34823 6114 10 loans loan NNS 34823 6114 11 are be VBP 34823 6114 12 being be VBG 34823 6114 13 called call VBN 34823 6114 14 , , , 34823 6114 15 or or CC 34823 6114 16 not not RB 34823 6114 17 renewed renew VBN 34823 6114 18 . . . 34823 6115 1 The the DT 34823 6115 2 investor investor NN 34823 6115 3 of of IN 34823 6115 4 this this DT 34823 6115 5 type type NN 34823 6115 6 is be VBZ 34823 6115 7 , , , 34823 6115 8 in in IN 34823 6115 9 effect effect NN 34823 6115 10 , , , 34823 6115 11 engaging engage VBG 34823 6115 12 in in IN 34823 6115 13 a a DT 34823 6115 14 form form NN 34823 6115 15 of of IN 34823 6115 16 banking banking NN 34823 6115 17 business business NN 34823 6115 18 . . . 34823 6116 1 He -PRON- PRP 34823 6116 2 is be VBZ 34823 6116 3 lending lend VBG 34823 6116 4 to to IN 34823 6116 5 the the DT 34823 6116 6 corporation corporation NN 34823 6116 7 funds fund NNS 34823 6116 8 which which WDT 34823 6116 9 he -PRON- PRP 34823 6116 10 has have VBZ 34823 6116 11 borrowed borrow VBN 34823 6116 12 from from IN 34823 6116 13 others other NNS 34823 6116 14 ; ; : 34823 6116 15 he -PRON- PRP 34823 6116 16 has have VBZ 34823 6116 17 put put VBN 34823 6116 18 up up RP 34823 6116 19 his -PRON- PRP$ 34823 6116 20 own own JJ 34823 6116 21 capital capital NN 34823 6116 22 for for IN 34823 6116 23 the the DT 34823 6116 24 same same JJ 34823 6116 25 purpose purpose NN 34823 6116 26 that that WDT 34823 6116 27 the the DT 34823 6116 28 bank bank NN 34823 6116 29 uses use VBZ 34823 6116 30 its -PRON- PRP$ 34823 6116 31 capital capital NN 34823 6116 32 -- -- : 34823 6116 33 to to TO 34823 6116 34 supply supply VB 34823 6116 35 a a DT 34823 6116 36 margin margin NN 34823 6116 37 of of IN 34823 6116 38 safety safety NN 34823 6116 39 to to IN 34823 6116 40 those those DT 34823 6116 41 who who WP 34823 6116 42 have have VBP 34823 6116 43 taken take VBN 34823 6116 44 his -PRON- PRP$ 34823 6116 45 short short JJ 34823 6116 46 - - HYPH 34823 6116 47 term term NN 34823 6116 48 promises promise NNS 34823 6116 49 to to TO 34823 6116 50 pay pay VB 34823 6116 51 . . . 34823 6117 1 Like like IN 34823 6117 2 the the DT 34823 6117 3 bank bank NN 34823 6117 4 , , , 34823 6117 5 too too RB 34823 6117 6 , , , 34823 6117 7 he -PRON- PRP 34823 6117 8 converts convert VBZ 34823 6117 9 rights right NNS 34823 6117 10 to to IN 34823 6117 11 payments payment NNS 34823 6117 12 at at IN 34823 6117 13 a a DT 34823 6117 14 later later JJ 34823 6117 15 date date NN 34823 6117 16 into into IN 34823 6117 17 rights right NNS 34823 6117 18 to to IN 34823 6117 19 payment payment NN 34823 6117 20 at at IN 34823 6117 21 an an DT 34823 6117 22 earlier early JJR 34823 6117 23 date date NN 34823 6117 24 . . . 34823 6118 1 He -PRON- PRP 34823 6118 2 is be VBZ 34823 6118 3 one one CD 34823 6118 4 of of IN 34823 6118 5 the the DT 34823 6118 6 links link NNS 34823 6118 7 in in IN 34823 6118 8 the the DT 34823 6118 9 chain chain NN 34823 6118 10 whereby whereby WRB 34823 6118 11 the the DT 34823 6118 12 wealth wealth NN 34823 6118 13 of of IN 34823 6118 14 low low JJ 34823 6118 15 saleability saleability NN 34823 6118 16 employed employ VBN 34823 6118 17 in in IN 34823 6118 18 industry industry NN 34823 6118 19 becomes become VBZ 34823 6118 20 distilled distil VBN 34823 6118 21 and and CC 34823 6118 22 refined refine VBN 34823 6118 23 till till IN 34823 6118 24 it -PRON- PRP 34823 6118 25 enters enter VBZ 34823 6118 26 the the DT 34823 6118 27 money money NN 34823 6118 28 market market NN 34823 6118 29 . . . 34823 6119 1 His -PRON- PRP$ 34823 6119 2 profits profit NNS 34823 6119 3 come come VBP 34823 6119 4 in in IN 34823 6119 5 the the DT 34823 6119 6 difference difference NN 34823 6119 7 in in IN 34823 6119 8 the the DT 34823 6119 9 yield yield NN 34823 6119 10 as as IN 34823 6119 11 between between IN 34823 6119 12 more more RBR 34823 6119 13 saleable saleable JJ 34823 6119 14 and and CC 34823 6119 15 less less RBR 34823 6119 16 saleable saleable JJ 34823 6119 17 forms form NNS 34823 6119 18 of of IN 34823 6119 19 rights right NNS 34823 6119 20 . . . 34823 6120 1 The the DT 34823 6120 2 extent extent NN 34823 6120 3 of of IN 34823 6120 4 this this DT 34823 6120 5 practice practice NN 34823 6120 6 can can MD 34823 6120 7 not not RB 34823 6120 8 be be VB 34823 6120 9 stated state VBN 34823 6120 10 , , , 34823 6120 11 so so RB 34823 6120 12 far far RB 34823 6120 13 as as IN 34823 6120 14 any any DT 34823 6120 15 data datum NNS 34823 6120 16 to to TO 34823 6120 17 which which WDT 34823 6120 18 the the DT 34823 6120 19 present present JJ 34823 6120 20 writer writer NN 34823 6120 21 has have VBZ 34823 6120 22 access access NN 34823 6120 23 are be VBP 34823 6120 24 concerned concern VBN 34823 6120 25 . . . 34823 6121 1 The the DT 34823 6121 2 writer writer NN 34823 6121 3 has have VBZ 34823 6121 4 met meet VBN 34823 6121 5 the the DT 34823 6121 6 practice practice NN 34823 6121 7 in in IN 34823 6121 8 a a DT 34823 6121 9 good good JJ 34823 6121 10 many many JJ 34823 6121 11 cases case NNS 34823 6121 12 . . . 34823 6122 1 One one CD 34823 6122 2 brokerage brokerage NN 34823 6122 3 house house NN 34823 6122 4 , , , 34823 6122 5 with with IN 34823 6122 6 whose whose WP$ 34823 6122 7 operations operation NNS 34823 6122 8 the the DT 34823 6122 9 writer writer NN 34823 6122 10 has have VBZ 34823 6122 11 considerable considerable JJ 34823 6122 12 acquaintance acquaintance NN 34823 6122 13 , , , 34823 6122 14 makes make VBZ 34823 6122 15 a a DT 34823 6122 16 practice practice NN 34823 6122 17 of of IN 34823 6122 18 advising advise VBG 34823 6122 19 its -PRON- PRP$ 34823 6122 20 more more RBR 34823 6122 21 conservative conservative JJ 34823 6122 22 customers customer NNS 34823 6122 23 to to TO 34823 6122 24 do do VB 34823 6122 25 this this DT 34823 6122 26 . . . 34823 6123 1 A a DT 34823 6123 2 good good JJ 34823 6123 3 many many JJ 34823 6123 4 brokerage brokerage NN 34823 6123 5 houses house NNS 34823 6123 6 sell sell VBP 34823 6123 7 investment investment NN 34823 6123 8 securities security NNS 34823 6123 9 on on IN 34823 6123 10 the the DT 34823 6123 11 " " `` 34823 6123 12 instalment instalment NN 34823 6123 13 plan plan NN 34823 6123 14 , , , 34823 6123 15 " " '' 34823 6123 16 which which WDT 34823 6123 17 often often RB 34823 6123 18 means mean VBZ 34823 6123 19 , , , 34823 6123 20 in in IN 34823 6123 21 practice practice NN 34823 6123 22 , , , 34823 6123 23 that that IN 34823 6123 24 the the DT 34823 6123 25 initial initial JJ 34823 6123 26 margin margin NN 34823 6123 27 put put VBN 34823 6123 28 up up RP 34823 6123 29 by by IN 34823 6123 30 the the DT 34823 6123 31 investor investor NN 34823 6123 32 is be VBZ 34823 6123 33 his -PRON- PRP$ 34823 6123 34 only only JJ 34823 6123 35 payment payment NN 34823 6123 36 , , , 34823 6123 37 and and CC 34823 6123 38 that that IN 34823 6123 39 the the DT 34823 6123 40 security security NN 34823 6123 41 is be VBZ 34823 6123 42 gradually gradually RB 34823 6123 43 paid pay VBN 34823 6123 44 for for IN 34823 6123 45 by by IN 34823 6123 46 letting let VBG 34823 6123 47 the the DT 34823 6123 48 yield yield NN 34823 6123 49 increase increase VB 34823 6123 50 the the DT 34823 6123 51 margin margin NN 34823 6123 52 . . . 34823 6124 1 During during IN 34823 6124 2 the the DT 34823 6124 3 extremely extremely RB 34823 6124 4 easy easy JJ 34823 6124 5 money money NN 34823 6124 6 of of IN 34823 6124 7 the the DT 34823 6124 8 present present JJ 34823 6124 9 War war JJ 34823 6124 10 period period NN 34823 6124 11 , , , 34823 6124 12 occasional occasional JJ 34823 6124 13 reference reference NN 34823 6124 14 has have VBZ 34823 6124 15 been be VBN 34823 6124 16 made make VBN 34823 6124 17 in in IN 34823 6124 18 the the DT 34823 6124 19 financial financial JJ 34823 6124 20 papers paper NNS 34823 6124 21 to to IN 34823 6124 22 the the DT 34823 6124 23 practice practice NN 34823 6124 24 of of IN 34823 6124 25 buying buying NN 34823 6124 26 even even RB 34823 6124 27 the the DT 34823 6124 28 highest high JJS 34823 6124 29 grade grade NN 34823 6124 30 bonds bond NNS 34823 6124 31 on on IN 34823 6124 32 this this DT 34823 6124 33 basis basis NN 34823 6124 34 -- -- : 34823 6124 35 the the DT 34823 6124 36 yield yield NN 34823 6124 37 of of IN 34823 6124 38 the the DT 34823 6124 39 bonds bond NNS 34823 6124 40 being be VBG 34823 6124 41 very very RB 34823 6124 42 substantially substantially RB 34823 6124 43 higher high JJR 34823 6124 44 than than IN 34823 6124 45 the the DT 34823 6124 46 money money NN 34823 6124 47 - - HYPH 34823 6124 48 rates rate NNS 34823 6124 49 , , , 34823 6124 50 giving give VBG 34823 6124 51 a a DT 34823 6124 52 comfortable comfortable JJ 34823 6124 53 profit profit NN 34823 6124 54 to to IN 34823 6124 55 those those DT 34823 6124 56 who who WP 34823 6124 57 hold hold VBP 34823 6124 58 the the DT 34823 6124 59 bonds bond NNS 34823 6124 60 on on IN 34823 6124 61 a a DT 34823 6124 62 margin margin NN 34823 6124 63 . . . 34823 6125 1 That that IN 34823 6125 2 the the DT 34823 6125 3 practice practice NN 34823 6125 4 is be VBZ 34823 6125 5 not not RB 34823 6125 6 wider wide JJR 34823 6125 7 spread spread NN 34823 6125 8 is be VBZ 34823 6125 9 due due JJ 34823 6125 10 primarily primarily RB 34823 6125 11 , , , 34823 6125 12 probably probably RB 34823 6125 13 , , , 34823 6125 14 to to IN 34823 6125 15 the the DT 34823 6125 16 temperamental temperamental JJ 34823 6125 17 qualities quality NNS 34823 6125 18 required require VBN 34823 6125 19 . . . 34823 6126 1 The the DT 34823 6126 2 investor investor NN 34823 6126 3 , , , 34823 6126 4 proper proper JJ 34823 6126 5 , , , 34823 6126 6 is be VBZ 34823 6126 7 commonly commonly RB 34823 6126 8 a a DT 34823 6126 9 very very RB 34823 6126 10 conservative conservative JJ 34823 6126 11 person person NN 34823 6126 12 , , , 34823 6126 13 who who WP 34823 6126 14 has have VBZ 34823 6126 15 an an DT 34823 6126 16 unreasoning unreasone VBG 34823 6126 17 distrust distrust NN 34823 6126 18 of of IN 34823 6126 19 speculation speculation NN 34823 6126 20 , , , 34823 6126 21 and and CC 34823 6126 22 to to TO 34823 6126 23 whom whom WP 34823 6126 24 the the DT 34823 6126 25 word word NN 34823 6126 26 , , , 34823 6126 27 " " '' 34823 6126 28 margin margin NN 34823 6126 29 , , , 34823 6126 30 " " '' 34823 6126 31 necessarily necessarily RB 34823 6126 32 suggests suggest VBZ 34823 6126 33 speculation speculation NN 34823 6126 34 . . . 34823 6127 1 That that DT 34823 6127 2 buying buy VBG 34823 6127 3 a a DT 34823 6127 4 stock stock NN 34823 6127 5 on on IN 34823 6127 6 a a DT 34823 6127 7 margin margin NN 34823 6127 8 is be VBZ 34823 6127 9 the the DT 34823 6127 10 same same JJ 34823 6127 11 sort sort NN 34823 6127 12 of of IN 34823 6127 13 thing thing NN 34823 6127 14 as as IN 34823 6127 15 buying buy VBG 34823 6127 16 the the DT 34823 6127 17 equity equity NN 34823 6127 18 in in IN 34823 6127 19 a a DT 34823 6127 20 mortgaged mortgage VBN 34823 6127 21 farm farm NN 34823 6127 22 , , , 34823 6127 23 does do VBZ 34823 6127 24 not not RB 34823 6127 25 occur occur VB 34823 6127 26 to to IN 34823 6127 27 him -PRON- PRP 34823 6127 28 . . . 34823 6128 1 On on IN 34823 6128 2 the the DT 34823 6128 3 other other JJ 34823 6128 4 hand hand NN 34823 6128 5 , , , 34823 6128 6 the the DT 34823 6128 7 man man NN 34823 6128 8 who who WP 34823 6128 9 knows know VBZ 34823 6128 10 the the DT 34823 6128 11 market market NN 34823 6128 12 well well RB 34823 6128 13 enough enough RB 34823 6128 14 to to TO 34823 6128 15 be be VB 34823 6128 16 willing willing JJ 34823 6128 17 to to TO 34823 6128 18 deal deal VB 34823 6128 19 on on IN 34823 6128 20 margins margin NNS 34823 6128 21 , , , 34823 6128 22 frequently frequently RB 34823 6128 23 is be VBZ 34823 6128 24 not not RB 34823 6128 25 content content JJ 34823 6128 26 with with IN 34823 6128 27 the the DT 34823 6128 28 slow slow JJ 34823 6128 29 process process NN 34823 6128 30 of of IN 34823 6128 31 accumulation accumulation NN 34823 6128 32 which which WDT 34823 6128 33 comes come VBZ 34823 6128 34 from from IN 34823 6128 35 annual annual JJ 34823 6128 36 yields yield NNS 34823 6128 37 , , , 34823 6128 38 and and CC 34823 6128 39 prefers prefer NNS 34823 6128 40 to to TO 34823 6128 41 take take VB 34823 6128 42 larger large JJR 34823 6128 43 chances chance NNS 34823 6128 44 in in IN 34823 6128 45 speculation speculation NN 34823 6128 46 on on IN 34823 6128 47 capital capital NN 34823 6128 48 values value NNS 34823 6128 49 . . . 34823 6129 1 But but CC 34823 6129 2 there there EX 34823 6129 3 is be VBZ 34823 6129 4 an an DT 34823 6129 5 intermediate intermediate JJ 34823 6129 6 class class NN 34823 6129 7 , , , 34823 6129 8 who who WP 34823 6129 9 buy buy VBP 34823 6129 10 investment investment NN 34823 6129 11 securities security NNS 34823 6129 12 , , , 34823 6129 13 with with IN 34823 6129 14 narrow narrow JJ 34823 6129 15 range range NN 34823 6129 16 of of IN 34823 6129 17 fluctuation fluctuation NN 34823 6129 18 in in IN 34823 6129 19 capital capital NN 34823 6129 20 values value NNS 34823 6129 21 , , , 34823 6129 22 for for IN 34823 6129 23 the the DT 34823 6129 24 sake sake NN 34823 6129 25 of of IN 34823 6129 26 the the DT 34823 6129 27 yield yield NN 34823 6129 28 , , , 34823 6129 29 and and CC 34823 6129 30 who who WP 34823 6129 31 buy buy VBP 34823 6129 32 them -PRON- PRP 34823 6129 33 on on IN 34823 6129 34 margins margin NNS 34823 6129 35 , , , 34823 6129 36 margins margin NNS 34823 6129 37 ample ample JJ 34823 6129 38 to to TO 34823 6129 39 enable enable VB 34823 6129 40 them -PRON- PRP 34823 6129 41 to to TO 34823 6129 42 sleep sleep VB 34823 6129 43 at at IN 34823 6129 44 night night NN 34823 6129 45 , , , 34823 6129 46 and and CC 34823 6129 47 to to TO 34823 6129 48 neglect neglect VB 34823 6129 49 the the DT 34823 6129 50 daily daily JJ 34823 6129 51 market market NN 34823 6129 52 reports report NNS 34823 6129 53 . . . 34823 6130 1 I -PRON- PRP 34823 6130 2 think think VBP 34823 6130 3 that that IN 34823 6130 4 there there EX 34823 6130 5 are be VBP 34823 6130 6 indications indication NNS 34823 6130 7 that that IN 34823 6130 8 this this DT 34823 6130 9 class class NN 34823 6130 10 is be VBZ 34823 6130 11 growing grow VBG 34823 6130 12 larger large JJR 34823 6130 13 , , , 34823 6130 14 and and CC 34823 6130 15 more more RBR 34823 6130 16 important important JJ 34823 6130 17 . . . 34823 6131 1 Doubtless doubtless RB 34823 6131 2 much much RB 34823 6131 3 more more RBR 34823 6131 4 important important JJ 34823 6131 5 than than IN 34823 6131 6 individual individual JJ 34823 6131 7 " " `` 34823 6131 8 bankers banker NNS 34823 6131 9 " " '' 34823 6131 10 of of IN 34823 6131 11 this this DT 34823 6131 12 sort sort NN 34823 6131 13 , , , 34823 6131 14 however however RB 34823 6131 15 , , , 34823 6131 16 is be VBZ 34823 6131 17 the the DT 34823 6131 18 enormous enormous JJ 34823 6131 19 number number NN 34823 6131 20 of of IN 34823 6131 21 houses house NNS 34823 6131 22 dealing deal VBG 34823 6131 23 in in IN 34823 6131 24 securities security NNS 34823 6131 25 , , , 34823 6131 26 " " `` 34823 6131 27 wholesalers wholesaler NNS 34823 6131 28 " " '' 34823 6131 29 and and CC 34823 6131 30 " " `` 34823 6131 31 retailers retailer NNS 34823 6131 32 , , , 34823 6131 33 " " '' 34823 6131 34 who who WP 34823 6131 35 find find VBP 34823 6131 36 profit profit NN 34823 6131 37 on on IN 34823 6131 38 their -PRON- PRP$ 34823 6131 39 " " `` 34823 6131 40 wares ware NNS 34823 6131 41 " " '' 34823 6131 42 even even RB 34823 6131 43 while while IN 34823 6131 44 on on IN 34823 6131 45 their -PRON- PRP$ 34823 6131 46 " " `` 34823 6131 47 shelves shelf NNS 34823 6131 48 , , , 34823 6131 49 " " '' 34823 6131 50 through through IN 34823 6131 51 the the DT 34823 6131 52 differential differential NN 34823 6131 53 between between IN 34823 6131 54 the the DT 34823 6131 55 yield yield NN 34823 6131 56 and and CC 34823 6131 57 the the DT 34823 6131 58 charge charge NN 34823 6131 59 made make VBN 34823 6131 60 by by IN 34823 6131 61 commercial commercial JJ 34823 6131 62 banks bank NNS 34823 6131 63 on on IN 34823 6131 64 collateral collateral JJ 34823 6131 65 loans loan NNS 34823 6131 66 . . . 34823 6132 1 A a DT 34823 6132 2 very very RB 34823 6132 3 large large JJ 34823 6132 4 percentage percentage NN 34823 6132 5 of of IN 34823 6132 6 collateral collateral JJ 34823 6132 7 loans loan NNS 34823 6132 8 is be VBZ 34823 6132 9 made make VBN 34823 6132 10 to to IN 34823 6132 11 institutions institution NNS 34823 6132 12 of of IN 34823 6132 13 this this DT 34823 6132 14 type type NN 34823 6132 15 . . . 34823 6133 1 As as IN 34823 6133 2 this this DT 34823 6133 3 practice practice NN 34823 6133 4 becomes become VBZ 34823 6133 5 more more RBR 34823 6133 6 important important JJ 34823 6133 7 , , , 34823 6133 8 the the DT 34823 6133 9 result result NN 34823 6133 10 must must MD 34823 6133 11 be be VB 34823 6133 12 to to TO 34823 6133 13 widen widen VB 34823 6133 14 the the DT 34823 6133 15 money money NN 34823 6133 16 market market NN 34823 6133 17 , , , 34823 6133 18 to to TO 34823 6133 19 increase increase VB 34823 6133 20 the the DT 34823 6133 21 proportion proportion NN 34823 6133 22 of of IN 34823 6133 23 banking banking NN 34823 6133 24 capital capital NN 34823 6133 25 that that WDT 34823 6133 26 goes go VBZ 34823 6133 27 permanently permanently RB 34823 6133 28 into into IN 34823 6133 29 financing financing NN 34823 6133 30 industry industry NN 34823 6133 31 , , , 34823 6133 32 and and CC 34823 6133 33 to to TO 34823 6133 34 reduce reduce VB 34823 6133 35 the the DT 34823 6133 36 difference difference NN 34823 6133 37 in in IN 34823 6133 38 yield yield NN 34823 6133 39 between between IN 34823 6133 40 short short JJ 34823 6133 41 - - HYPH 34823 6133 42 time time NN 34823 6133 43 paper paper NN 34823 6133 44 and and CC 34823 6133 45 long long JJ 34823 6133 46 - - HYPH 34823 6133 47 time time NN 34823 6133 48 securities security NNS 34823 6133 49 -- -- : 34823 6133 50 in in IN 34823 6133 51 other other JJ 34823 6133 52 words word NNS 34823 6133 53 , , , 34823 6133 54 to to TO 34823 6133 55 bring bring VB 34823 6133 56 the the DT 34823 6133 57 " " `` 34823 6133 58 money money NN 34823 6133 59 - - HYPH 34823 6133 60 rates rate NNS 34823 6133 61 " " '' 34823 6133 62 closer close RBR 34823 6133 63 and and CC 34823 6133 64 closer close RBR 34823 6133 65 to to IN 34823 6133 66 the the DT 34823 6133 67 long long JJ 34823 6133 68 - - HYPH 34823 6133 69 time time NN 34823 6133 70 interest interest NN 34823 6133 71 rates rate NNS 34823 6133 72 . . . 34823 6134 1 This this DT 34823 6134 2 would would MD 34823 6134 3 have have VB 34823 6134 4 seemed seem VBN 34823 6134 5 very very RB 34823 6134 6 strange strange JJ 34823 6134 7 and and CC 34823 6134 8 weird weird JJ 34823 6134 9 to to IN 34823 6134 10 Adam Adam NNP 34823 6134 11 Smith Smith NNP 34823 6134 12 . . . 34823 6135 1 It -PRON- PRP 34823 6135 2 means mean VBZ 34823 6135 3 , , , 34823 6135 4 in in IN 34823 6135 5 effect effect NN 34823 6135 6 , , , 34823 6135 7 that that IN 34823 6135 8 the the DT 34823 6135 9 bulk bulk NN 34823 6135 10 of of IN 34823 6135 11 our -PRON- PRP$ 34823 6135 12 banking banking NN 34823 6135 13 credit credit NN 34823 6135 14 is be VBZ 34823 6135 15 , , , 34823 6135 16 directly directly RB 34823 6135 17 or or CC 34823 6135 18 indirectly indirectly RB 34823 6135 19 , , , 34823 6135 20 financing finance VBG 34823 6135 21 our -PRON- PRP$ 34823 6135 22 industry industry NN 34823 6135 23 rather rather RB 34823 6135 24 than than IN 34823 6135 25 our -PRON- PRP$ 34823 6135 26 commerce commerce NN 34823 6135 27 . . . 34823 6136 1 Adam Adam NNP 34823 6136 2 Smith Smith NNP 34823 6136 3 thought think VBD 34823 6136 4 that that IN 34823 6136 5 a a DT 34823 6136 6 bank bank NN 34823 6136 7 could could MD 34823 6136 8 safely safely RB 34823 6136 9 lend lend VB 34823 6136 10 to to IN 34823 6136 11 its -PRON- PRP$ 34823 6136 12 customers customer NNS 34823 6136 13 only only RB 34823 6136 14 so so RB 34823 6136 15 much much RB 34823 6136 16 as as IN 34823 6136 17 they -PRON- PRP 34823 6136 18 would would MD 34823 6136 19 otherwise otherwise RB 34823 6136 20 keep keep VB 34823 6136 21 by by IN 34823 6136 22 them -PRON- PRP 34823 6136 23 in in IN 34823 6136 24 the the DT 34823 6136 25 form form NN 34823 6136 26 of of IN 34823 6136 27 money money NN 34823 6136 28 . . . 34823 6137 1 Perhaps perhaps RB 34823 6137 2 this this DT 34823 6137 3 notion notion NN 34823 6137 4 , , , 34823 6137 5 as as IN 34823 6137 6 growing grow VBG 34823 6137 7 out out IN 34823 6137 8 of of IN 34823 6137 9 some some DT 34823 6137 10 speculations speculation NNS 34823 6137 11 regarding regard VBG 34823 6137 12 the the DT 34823 6137 13 general general JJ 34823 6137 14 theory theory NN 34823 6137 15 of of IN 34823 6137 16 money money NN 34823 6137 17 , , , 34823 6137 18 should should MD 34823 6137 19 not not RB 34823 6137 20 be be VB 34823 6137 21 taken take VBN 34823 6137 22 as as IN 34823 6137 23 the the DT 34823 6137 24 statement statement NN 34823 6137 25 of of IN 34823 6137 26 Smith Smith NNP 34823 6137 27 's 's POS 34823 6137 28 practical practical JJ 34823 6137 29 attitude attitude NN 34823 6137 30 on on IN 34823 6137 31 the the DT 34823 6137 32 matter matter NN 34823 6137 33 , , , 34823 6137 34 but but CC 34823 6137 35 that that DT 34823 6137 36 practical practical JJ 34823 6137 37 attitude attitude NN 34823 6137 38 , , , 34823 6137 39 as as RB 34823 6137 40 clearly clearly RB 34823 6137 41 expressed express VBN 34823 6137 42 in in IN 34823 6137 43 the the DT 34823 6137 44 paragraph[553 paragraph[553 NN 34823 6137 45 ] ] -RRB- 34823 6137 46 following follow VBG 34823 6137 47 , , , 34823 6137 48 is be VBZ 34823 6137 49 that that IN 34823 6137 50 a a DT 34823 6137 51 bank bank NN 34823 6137 52 can can MD 34823 6137 53 afford afford VB 34823 6137 54 to to TO 34823 6137 55 lend lend VB 34823 6137 56 only only RB 34823 6137 57 for for IN 34823 6137 58 mercantile mercantile NN 34823 6137 59 operations operation NNS 34823 6137 60 that that WDT 34823 6137 61 are be VBP 34823 6137 62 carried carry VBN 34823 6137 63 through through RB 34823 6137 64 in in IN 34823 6137 65 a a DT 34823 6137 66 very very RB 34823 6137 67 moderate moderate JJ 34823 6137 68 time time NN 34823 6137 69 , , , 34823 6137 70 that that IN 34823 6137 71 the the DT 34823 6137 72 bank bank NN 34823 6137 73 can can MD 34823 6137 74 afford afford VB 34823 6137 75 to to TO 34823 6137 76 supply supply VB 34823 6137 77 only only RB 34823 6137 78 the the DT 34823 6137 79 minor minor JJ 34823 6137 80 part part NN 34823 6137 81 of of IN 34823 6137 82 the the DT 34823 6137 83 circulating circulate VBG 34823 6137 84 capital capital NN 34823 6137 85 , , , 34823 6137 86 and and CC 34823 6137 87 no no DT 34823 6137 88 part part NN 34823 6137 89 of of IN 34823 6137 90 the the DT 34823 6137 91 fixed fix VBN 34823 6137 92 capital capital NN 34823 6137 93 , , , 34823 6137 94 of of IN 34823 6137 95 a a DT 34823 6137 96 merchant merchant NN 34823 6137 97 , , , 34823 6137 98 or or CC 34823 6137 99 manufacturer manufacturer NN 34823 6137 100 , , , 34823 6137 101 no no DT 34823 6137 102 part part NN 34823 6137 103 of of IN 34823 6137 104 his -PRON- PRP$ 34823 6137 105 forge forge NN 34823 6137 106 and and CC 34823 6137 107 smelting smelting NN 34823 6137 108 house house NN 34823 6137 109 , , , 34823 6137 110 etc etc FW 34823 6137 111 . . . 34823 6138 1 Such such JJ 34823 6138 2 loans loan NNS 34823 6138 3 lack lack VBP 34823 6138 4 the the DT 34823 6138 5 liquidity liquidity NN 34823 6138 6 which which WDT 34823 6138 7 the the DT 34823 6138 8 bank bank NN 34823 6138 9 must must MD 34823 6138 10 insist insist VB 34823 6138 11 upon upon IN 34823 6138 12 . . . 34823 6139 1 Only only RB 34823 6139 2 those those DT 34823 6139 3 persons person NNS 34823 6139 4 who who WP 34823 6139 5 have have VBP 34823 6139 6 withdrawn withdraw VBN 34823 6139 7 from from IN 34823 6139 8 active active JJ 34823 6139 9 business business NN 34823 6139 10 , , , 34823 6139 11 and and CC 34823 6139 12 are be VBP 34823 6139 13 content content JJ 34823 6139 14 with with IN 34823 6139 15 the the DT 34823 6139 16 income income NN 34823 6139 17 upon upon IN 34823 6139 18 their -PRON- PRP$ 34823 6139 19 capital capital NN 34823 6139 20 , , , 34823 6139 21 can can MD 34823 6139 22 afford afford VB 34823 6139 23 to to TO 34823 6139 24 lend lend VB 34823 6139 25 for for IN 34823 6139 26 such such JJ 34823 6139 27 purposes purpose NNS 34823 6139 28 . . . 34823 6140 1 The the DT 34823 6140 2 theory theory NN 34823 6140 3 is be VBZ 34823 6140 4 sound sound JJ 34823 6140 5 , , , 34823 6140 6 on on IN 34823 6140 7 the the DT 34823 6140 8 basis basis NN 34823 6140 9 of of IN 34823 6140 10 the the DT 34823 6140 11 facts fact NNS 34823 6140 12 as as IN 34823 6140 13 Smith Smith NNP 34823 6140 14 knew know VBD 34823 6140 15 them -PRON- PRP 34823 6140 16 . . . 34823 6141 1 But but CC 34823 6141 2 modern modern JJ 34823 6141 3 corporate corporate JJ 34823 6141 4 organization organization NN 34823 6141 5 and and CC 34823 6141 6 modern modern JJ 34823 6141 7 stock stock NN 34823 6141 8 markets market NNS 34823 6141 9 have have VBP 34823 6141 10 changed change VBN 34823 6141 11 all all PDT 34823 6141 12 that that DT 34823 6141 13 . . . 34823 6142 1 Anything anything NN 34823 6142 2 that that WDT 34823 6142 3 is be VBZ 34823 6142 4 highly highly RB 34823 6142 5 saleable saleable JJ 34823 6142 6 can can MD 34823 6142 7 come come VB 34823 6142 8 into into IN 34823 6142 9 the the DT 34823 6142 10 money money NN 34823 6142 11 market market NN 34823 6142 12 , , , 34823 6142 13 and and CC 34823 6142 14 the the DT 34823 6142 15 modern modern JJ 34823 6142 16 corporation corporation NN 34823 6142 17 organization organization NN 34823 6142 18 of of IN 34823 6142 19 business business NN 34823 6142 20 , , , 34823 6142 21 coupled couple VBN 34823 6142 22 with with IN 34823 6142 23 organized organize VBN 34823 6142 24 stock stock NN 34823 6142 25 exchanges exchange NNS 34823 6142 26 and and CC 34823 6142 27 a a DT 34823 6142 28 large large JJ 34823 6142 29 and and CC 34823 6142 30 active active JJ 34823 6142 31 body body NN 34823 6142 32 of of IN 34823 6142 33 speculators speculator NNS 34823 6142 34 , , , 34823 6142 35 has have VBZ 34823 6142 36 made make VBN 34823 6142 37 the the DT 34823 6142 38 forge forge NN 34823 6142 39 and and CC 34823 6142 40 the the DT 34823 6142 41 smelting smelting NN 34823 6142 42 house house NN 34823 6142 43 as as RB 34823 6142 44 saleable saleable JJ 34823 6142 45 as as IN 34823 6142 46 the the DT 34823 6142 47 finished finished JJ 34823 6142 48 product product NN 34823 6142 49 . . . 34823 6143 1 This this DT 34823 6143 2 is be VBZ 34823 6143 3 not not RB 34823 6143 4 to to TO 34823 6143 5 accept accept VB 34823 6143 6 Schumpeter Schumpeter NNP 34823 6143 7 's 's POS 34823 6143 8 doctrine,[554 doctrine,[554 NNS 34823 6143 9 ] ] -RRB- 34823 6143 10 so so RB 34823 6143 11 far far RB 34823 6143 12 as as IN 34823 6143 13 the the DT 34823 6143 14 United United NNP 34823 6143 15 States States NNP 34823 6143 16 are be VBP 34823 6143 17 concerned concern VBN 34823 6143 18 , , , 34823 6143 19 that that IN 34823 6143 20 it -PRON- PRP 34823 6143 21 is be VBZ 34823 6143 22 primarily primarily RB 34823 6143 23 the the DT 34823 6143 24 bankers banker NNS 34823 6143 25 , , , 34823 6143 26 the the DT 34823 6143 27 manufacturers manufacturer NNS 34823 6143 28 of of IN 34823 6143 29 bank bank NN 34823 6143 30 - - HYPH 34823 6143 31 credit credit NN 34823 6143 32 , , , 34823 6143 33 who who WP 34823 6143 34 make make VBP 34823 6143 35 the the DT 34823 6143 36 decisions decision NNS 34823 6143 37 that that WDT 34823 6143 38 turn turn VBP 34823 6143 39 industry industry NN 34823 6143 40 from from IN 34823 6143 41 old old JJ 34823 6143 42 to to IN 34823 6143 43 new new JJ 34823 6143 44 lines line NNS 34823 6143 45 . . . 34823 6144 1 They -PRON- PRP 34823 6144 2 do do VBP 34823 6144 3 not not RB 34823 6144 4 , , , 34823 6144 5 on on IN 34823 6144 6 the the DT 34823 6144 7 whole whole NN 34823 6144 8 . . . 34823 6145 1 In in IN 34823 6145 2 Continental Continental NNP 34823 6145 3 Europe Europe NNP 34823 6145 4 , , , 34823 6145 5 particularly particularly RB 34823 6145 6 Germany Germany NNP 34823 6145 7 , , , 34823 6145 8 they -PRON- PRP 34823 6145 9 do do VBP 34823 6145 10 to to IN 34823 6145 11 a a DT 34823 6145 12 much much RB 34823 6145 13 greater great JJR 34823 6145 14 extent extent NN 34823 6145 15 . . . 34823 6146 1 Criticism criticism NN 34823 6146 2 has have VBZ 34823 6146 3 been be VBN 34823 6146 4 made make VBN 34823 6146 5 of of IN 34823 6146 6 our -PRON- PRP$ 34823 6146 7 American american JJ 34823 6146 8 commercial commercial JJ 34823 6146 9 bankers banker NNS 34823 6146 10 , , , 34823 6146 11 as as IN 34823 6146 12 contrasted contrast VBN 34823 6146 13 with with IN 34823 6146 14 German german JJ 34823 6146 15 bankers banker NNS 34823 6146 16 , , , 34823 6146 17 that that IN 34823 6146 18 the the DT 34823 6146 19 former former JJ 34823 6146 20 are be VBP 34823 6146 21 parasites parasite NNS 34823 6146 22 , , , 34823 6146 23 who who WP 34823 6146 24 insist insist VBP 34823 6146 25 on on IN 34823 6146 26 sure sure JJ 34823 6146 27 things thing NNS 34823 6146 28 , , , 34823 6146 29 and and CC 34823 6146 30 refuse refuse VBP 34823 6146 31 to to TO 34823 6146 32 take take VB 34823 6146 33 chances chance NNS 34823 6146 34 with with IN 34823 6146 35 other other JJ 34823 6146 36 business business NN 34823 6146 37 men man NNS 34823 6146 38 in in IN 34823 6146 39 the the DT 34823 6146 40 development development NN 34823 6146 41 of of IN 34823 6146 42 industry industry NN 34823 6146 43 . . . 34823 6147 1 To to IN 34823 6147 2 the the DT 34823 6147 3 present present JJ 34823 6147 4 writer writer NN 34823 6147 5 , , , 34823 6147 6 our -PRON- PRP$ 34823 6147 7 banking banking NN 34823 6147 8 system system NN 34823 6147 9 seems seem VBZ 34823 6147 10 to to TO 34823 6147 11 be be VB 34823 6147 12 rather rather RB 34823 6147 13 a a DT 34823 6147 14 more more RBR 34823 6147 15 developed developed JJ 34823 6147 16 system system NN 34823 6147 17 than than IN 34823 6147 18 that that DT 34823 6147 19 of of IN 34823 6147 20 Germany Germany NNP 34823 6147 21 , , , 34823 6147 22 in in IN 34823 6147 23 that that IN 34823 6147 24 the the DT 34823 6147 25 " " `` 34823 6147 26 division division NN 34823 6147 27 of of IN 34823 6147 28 labor labor NN 34823 6147 29 " " '' 34823 6147 30 has have VBZ 34823 6147 31 gone go VBN 34823 6147 32 further further RB 34823 6147 33 with with IN 34823 6147 34 us -PRON- PRP 34823 6147 35 , , , 34823 6147 36 and and CC 34823 6147 37 risk risk NN 34823 6147 38 - - HYPH 34823 6147 39 bearing bearing NN 34823 6147 40 and and CC 34823 6147 41 the the DT 34823 6147 42 manufacturing manufacturing NN 34823 6147 43 of of IN 34823 6147 44 bank bank NN 34823 6147 45 - - HYPH 34823 6147 46 credit credit NN 34823 6147 47 have have VBP 34823 6147 48 been be VBN 34823 6147 49 more more RBR 34823 6147 50 sharply sharply RB 34823 6147 51 differentiated differentiate VBN 34823 6147 52 . . . 34823 6148 1 We -PRON- PRP 34823 6148 2 have have VBP 34823 6148 3 bankers banker NNS 34823 6148 4 enough enough RB 34823 6148 5 who who WP 34823 6148 6 are be VBP 34823 6148 7 " " `` 34823 6148 8 risk risk NN 34823 6148 9 - - HYPH 34823 6148 10 bearers bearer NNS 34823 6148 11 . . . 34823 6148 12 " " '' 34823 6149 1 But but CC 34823 6149 2 they -PRON- PRP 34823 6149 3 are be VBP 34823 6149 4 , , , 34823 6149 5 on on IN 34823 6149 6 the the DT 34823 6149 7 whole whole NN 34823 6149 8 , , , 34823 6149 9 " " '' 34823 6149 10 private private JJ 34823 6149 11 bankers banker NNS 34823 6149 12 , , , 34823 6149 13 " " '' 34823 6149 14 " " `` 34823 6149 15 investment investment NN 34823 6149 16 bankers banker NNS 34823 6149 17 , , , 34823 6149 18 " " '' 34823 6149 19 and and CC 34823 6149 20 the the DT 34823 6149 21 like like JJ 34823 6149 22 , , , 34823 6149 23 who who WP 34823 6149 24 do do VBP 34823 6149 25 not not RB 34823 6149 26 manufacture manufacture VB 34823 6149 27 a a DT 34823 6149 28 great great JJ 34823 6149 29 deal deal NN 34823 6149 30 of of IN 34823 6149 31 deposit deposit NN 34823 6149 32 credit credit NN 34823 6149 33 , , , 34823 6149 34 but but CC 34823 6149 35 rather rather RB 34823 6149 36 borrow borrow VBP 34823 6149 37 heavily heavily RB 34823 6149 38 from from IN 34823 6149 39 the the DT 34823 6149 40 commercial commercial JJ 34823 6149 41 banks bank NNS 34823 6149 42 , , , 34823 6149 43 which which WDT 34823 6149 44 are be VBP 34823 6149 45 the the DT 34823 6149 46 great great JJ 34823 6149 47 manufacturers manufacturer NNS 34823 6149 48 of of IN 34823 6149 49 bank bank NN 34823 6149 50 - - HYPH 34823 6149 51 credit credit NN 34823 6149 52 . . . 34823 6150 1 Under under IN 34823 6150 2 our -PRON- PRP$ 34823 6150 3 system system NN 34823 6150 4 , , , 34823 6150 5 the the DT 34823 6150 6 decisions decision NNS 34823 6150 7 which which WDT 34823 6150 8 divert divert VBP 34823 6150 9 industry industry NN 34823 6150 10 from from IN 34823 6150 11 old old JJ 34823 6150 12 to to IN 34823 6150 13 new new JJ 34823 6150 14 lines line NNS 34823 6150 15 are be VBP 34823 6150 16 more more RBR 34823 6150 17 democratically democratically RB 34823 6150 18 made make VBN 34823 6150 19 , , , 34823 6150 20 by by IN 34823 6150 21 speculators speculator NNS 34823 6150 22 and and CC 34823 6150 23 investors investor NNS 34823 6150 24 under under IN 34823 6150 25 the the DT 34823 6150 26 leadership leadership NN 34823 6150 27 of of IN 34823 6150 28 private private JJ 34823 6150 29 bankers banker NNS 34823 6150 30 , , , 34823 6150 31 and and CC 34823 6150 32 sometimes sometimes RB 34823 6150 33 without without IN 34823 6150 34 that that DT 34823 6150 35 leadership leadership NN 34823 6150 36 . . . 34823 6151 1 These these DT 34823 6151 2 constitute constitute VBP 34823 6151 3 the the DT 34823 6151 4 important important JJ 34823 6151 5 intermediary intermediary NN 34823 6151 6 which which WDT 34823 6151 7 transforms transform VBZ 34823 6151 8 stock stock NN 34823 6151 9 exchange exchange NN 34823 6151 10 securities security NNS 34823 6151 11 into into IN 34823 6151 12 the the DT 34823 6151 13 basis basis NN 34823 6151 14 of of IN 34823 6151 15 bank bank NN 34823 6151 16 - - HYPH 34823 6151 17 loans loan NNS 34823 6151 18 . . . 34823 6152 1 The the DT 34823 6152 2 commercial commercial JJ 34823 6152 3 banker banker NN 34823 6152 4 buys buy VBZ 34823 6152 5 , , , 34823 6152 6 in in IN 34823 6152 7 general general JJ 34823 6152 8 , , , 34823 6152 9 not not RB 34823 6152 10 the the DT 34823 6152 11 stocks stock NNS 34823 6152 12 , , , 34823 6152 13 but but CC 34823 6152 14 the the DT 34823 6152 15 note note NN 34823 6152 16 of of IN 34823 6152 17 the the DT 34823 6152 18 private private JJ 34823 6152 19 banker banker NN 34823 6152 20 , , , 34823 6152 21 broker broker NN 34823 6152 22 , , , 34823 6152 23 speculator speculator NN 34823 6152 24 , , , 34823 6152 25 or or CC 34823 6152 26 investor investor NN 34823 6152 27 , , , 34823 6152 28 with with IN 34823 6152 29 the the DT 34823 6152 30 stocks stock NNS 34823 6152 31 as as IN 34823 6152 32 collateral collateral NN 34823 6152 33 . . . 34823 6153 1 If if IN 34823 6153 2 investment investment NN 34823 6153 3 bankers banker NNS 34823 6153 4 , , , 34823 6153 5 speculators speculator NNS 34823 6153 6 and and CC 34823 6153 7 investors investor NNS 34823 6153 8 decide decide VBP 34823 6153 9 to to TO 34823 6153 10 support support VB 34823 6153 11 old old JJ 34823 6153 12 ways way NNS 34823 6153 13 of of IN 34823 6153 14 doing do VBG 34823 6153 15 things thing NNS 34823 6153 16 , , , 34823 6153 17 the the DT 34823 6153 18 banks bank NNS 34823 6153 19 lend lend VBP 34823 6153 20 on on IN 34823 6153 21 the the DT 34823 6153 22 securities security NNS 34823 6153 23 of of IN 34823 6153 24 the the DT 34823 6153 25 old old JJ 34823 6153 26 kinds kind NNS 34823 6153 27 of of IN 34823 6153 28 businesses business NNS 34823 6153 29 ; ; : 34823 6153 30 if if IN 34823 6153 31 investment investment NN 34823 6153 32 bankers banker NNS 34823 6153 33 , , , 34823 6153 34 speculators speculator NNS 34823 6153 35 and and CC 34823 6153 36 investors investor NNS 34823 6153 37 turn turn VBP 34823 6153 38 to to IN 34823 6153 39 new new JJ 34823 6153 40 things thing NNS 34823 6153 41 , , , 34823 6153 42 the the DT 34823 6153 43 commercial commercial JJ 34823 6153 44 banks bank NNS 34823 6153 45 follow follow VBP 34823 6153 46 suit suit NN 34823 6153 47 . . . 34823 6154 1 Commercial commercial JJ 34823 6154 2 banks bank NNS 34823 6154 3 can can MD 34823 6154 4 and and CC 34823 6154 5 do do VB 34823 6154 6 discourage discourage VB 34823 6154 7 certain certain JJ 34823 6154 8 types type NNS 34823 6154 9 of of IN 34823 6154 10 enterprises enterprise NNS 34823 6154 11 by by IN 34823 6154 12 refusing refuse VBG 34823 6154 13 loans loan NNS 34823 6154 14 with with IN 34823 6154 15 their -PRON- PRP$ 34823 6154 16 securities security NNS 34823 6154 17 as as IN 34823 6154 18 collateral collateral NN 34823 6154 19 , , , 34823 6154 20 or or CC 34823 6154 21 by by IN 34823 6154 22 requiring require VBG 34823 6154 23 very very RB 34823 6154 24 heavy heavy JJ 34823 6154 25 margins margin NNS 34823 6154 26 with with IN 34823 6154 27 such such JJ 34823 6154 28 loans loan NNS 34823 6154 29 , , , 34823 6154 30 but but CC 34823 6154 31 even even RB 34823 6154 32 these these DT 34823 6154 33 may may MD 34823 6154 34 be be VB 34823 6154 35 developed develop VBN 34823 6154 36 , , , 34823 6154 37 and and CC 34823 6154 38 are be VBP 34823 6154 39 with with IN 34823 6154 40 us -PRON- PRP 34823 6154 41 on on IN 34823 6154 42 a a DT 34823 6154 43 large large JJ 34823 6154 44 scale scale NN 34823 6154 45 developed develop VBN 34823 6154 46 , , , 34823 6154 47 on on IN 34823 6154 48 banking banking NN 34823 6154 49 credit credit NN 34823 6154 50 , , , 34823 6154 51 advanced advance VBN 34823 6154 52 by by IN 34823 6154 53 the the DT 34823 6154 54 speculators speculator NNS 34823 6154 55 and and CC 34823 6154 56 private private JJ 34823 6154 57 bankers banker NNS 34823 6154 58 who who WP 34823 6154 59 borrowed borrow VBD 34823 6154 60 it -PRON- PRP 34823 6154 61 from from IN 34823 6154 62 the the DT 34823 6154 63 commercial commercial JJ 34823 6154 64 banks bank NNS 34823 6154 65 with with IN 34823 6154 66 other other JJ 34823 6154 67 securities security NNS 34823 6154 68 as as IN 34823 6154 69 collateral collateral NN 34823 6154 70 . . . 34823 6155 1 The the DT 34823 6155 2 commercial commercial JJ 34823 6155 3 banks bank NNS 34823 6155 4 of of IN 34823 6155 5 the the DT 34823 6155 6 United United NNP 34823 6155 7 States States NNP 34823 6155 8 may may MD 34823 6155 9 to to IN 34823 6155 10 a a DT 34823 6155 11 very very RB 34823 6155 12 considerable considerable JJ 34823 6155 13 degree degree NN 34823 6155 14 check check NN 34823 6155 15 dynamic dynamic JJ 34823 6155 16 tendencies tendency NNS 34823 6155 17 , , , 34823 6155 18 but but CC 34823 6155 19 in in IN 34823 6155 20 general general JJ 34823 6155 21 , , , 34823 6155 22 they -PRON- PRP 34823 6155 23 do do VBP 34823 6155 24 not not RB 34823 6155 25 lead lead VB 34823 6155 26 and and CC 34823 6155 27 direct direct VB 34823 6155 28 them -PRON- PRP 34823 6155 29 . . . 34823 6156 1 Bank bank NN 34823 6156 2 - - HYPH 34823 6156 3 credit credit NN 34823 6156 4 , , , 34823 6156 5 directed direct VBN 34823 6156 6 by by IN 34823 6156 7 others other NNS 34823 6156 8 than than IN 34823 6156 9 commercial commercial JJ 34823 6156 10 bankers banker NNS 34823 6156 11 , , , 34823 6156 12 does do VBZ 34823 6156 13 , , , 34823 6156 14 however however RB 34823 6156 15 , , , 34823 6156 16 enormously enormously RB 34823 6156 17 facilitate facilitate VBP 34823 6156 18 both both DT 34823 6156 19 the the DT 34823 6156 20 starting starting NN 34823 6156 21 of of IN 34823 6156 22 new new JJ 34823 6156 23 enterprises enterprise NNS 34823 6156 24 and and CC 34823 6156 25 social social JJ 34823 6156 26 readjustment readjustment NN 34823 6156 27 to to IN 34823 6156 28 them -PRON- PRP 34823 6156 29 . . . 34823 6157 1 How how WRB 34823 6157 2 far far RB 34823 6157 3 can can MD 34823 6157 4 the the DT 34823 6157 5 total total JJ 34823 6157 6 wealth wealth NN 34823 6157 7 of of IN 34823 6157 8 the the DT 34823 6157 9 country country NN 34823 6157 10 , , , 34823 6157 11 agricultural agricultural JJ 34823 6157 12 as as RB 34823 6157 13 well well RB 34823 6157 14 as as IN 34823 6157 15 industrial industrial JJ 34823 6157 16 , , , 34823 6157 17 be be VB 34823 6157 18 brought bring VBN 34823 6157 19 into into IN 34823 6157 20 the the DT 34823 6157 21 circle circle NN 34823 6157 22 of of IN 34823 6157 23 the the DT 34823 6157 24 money money NN 34823 6157 25 market market NN 34823 6157 26 ? ? . 34823 6158 1 The the DT 34823 6158 2 full full JJ 34823 6158 3 answer answer NN 34823 6158 4 to to IN 34823 6158 5 the the DT 34823 6158 6 question question NN 34823 6158 7 would would MD 34823 6158 8 go go VB 34823 6158 9 far far RB 34823 6158 10 beyond beyond IN 34823 6158 11 the the DT 34823 6158 12 limits limit NNS 34823 6158 13 of of IN 34823 6158 14 this this DT 34823 6158 15 book book NN 34823 6158 16 . . . 34823 6159 1 If if IN 34823 6159 2 agriculture agriculture NN 34823 6159 3 can can MD 34823 6159 4 be be VB 34823 6159 5 brought bring VBN 34823 6159 6 under under IN 34823 6159 7 the the DT 34823 6159 8 control control NN 34823 6159 9 of of IN 34823 6159 10 large large JJ 34823 6159 11 corporations corporation NNS 34823 6159 12 , , , 34823 6159 13 there there EX 34823 6159 14 is be VBZ 34823 6159 15 little little JJ 34823 6159 16 reason reason NN 34823 6159 17 for for IN 34823 6159 18 supposing suppose VBG 34823 6159 19 that that IN 34823 6159 20 it -PRON- PRP 34823 6159 21 , , , 34823 6159 22 too too RB 34823 6159 23 , , , 34823 6159 24 might may MD 34823 6159 25 not not RB 34823 6159 26 come come VB 34823 6159 27 in in RP 34823 6159 28 . . . 34823 6160 1 There there EX 34823 6160 2 are be VBP 34823 6160 3 some some DT 34823 6160 4 peculiarities peculiarity NNS 34823 6160 5 of of IN 34823 6160 6 agriculture agriculture NN 34823 6160 7 , , , 34823 6160 8 special special JJ 34823 6160 9 dangers danger NNS 34823 6160 10 of of IN 34823 6160 11 drought drought NN 34823 6160 12 and and CC 34823 6160 13 flood flood NN 34823 6160 14 , , , 34823 6160 15 dangers danger NNS 34823 6160 16 of of IN 34823 6160 17 over over IN 34823 6160 18 - - HYPH 34823 6160 19 production production NN 34823 6160 20 and and CC 34823 6160 21 low low JJ 34823 6160 22 prices price NNS 34823 6160 23 , , , 34823 6160 24 wide wide JJ 34823 6160 25 seasonal seasonal JJ 34823 6160 26 fluctuations fluctuation NNS 34823 6160 27 in in IN 34823 6160 28 conditions condition NNS 34823 6160 29 , , , 34823 6160 30 which which WDT 34823 6160 31 make make VBP 34823 6160 32 it -PRON- PRP 34823 6160 33 hard hard JJ 34823 6160 34 to to TO 34823 6160 35 standardize standardize VB 34823 6160 36 in in IN 34823 6160 37 any any DT 34823 6160 38 case case NN 34823 6160 39 . . . 34823 6161 1 But but CC 34823 6161 2 mining mining NN 34823 6161 3 and and CC 34823 6161 4 even even RB 34823 6161 5 the the DT 34823 6161 6 manufacturing manufacturing NN 34823 6161 7 of of IN 34823 6161 8 such such JJ 34823 6161 9 things thing NNS 34823 6161 10 as as IN 34823 6161 11 primary primary JJ 34823 6161 12 steel steel NN 34823 6161 13 products product NNS 34823 6161 14 have have VBP 34823 6161 15 wide wide JJ 34823 6161 16 variations variation NNS 34823 6161 17 in in IN 34823 6161 18 prosperity prosperity NN 34823 6161 19 too too RB 34823 6161 20 . . . 34823 6162 1 So so RB 34823 6162 2 long long RB 34823 6162 3 , , , 34823 6162 4 however however RB 34823 6162 5 , , , 34823 6162 6 as as IN 34823 6162 7 agriculture agriculture NN 34823 6162 8 remains remain VBZ 34823 6162 9 a a DT 34823 6162 10 matter matter NN 34823 6162 11 of of IN 34823 6162 12 families family NNS 34823 6162 13 on on IN 34823 6162 14 a a DT 34823 6162 15 homestead homestead NN 34823 6162 16 -- -- : 34823 6162 17 and and CC 34823 6162 18 for for IN 34823 6162 19 social social JJ 34823 6162 20 and and CC 34823 6162 21 political political JJ 34823 6162 22 reasons reason NNS 34823 6162 23 , , , 34823 6162 24 we -PRON- PRP 34823 6162 25 may may MD 34823 6162 26 hope hope VB 34823 6162 27 that that IN 34823 6162 28 this this DT 34823 6162 29 will will MD 34823 6162 30 always always RB 34823 6162 31 be be VB 34823 6162 32 the the DT 34823 6162 33 case case NN 34823 6162 34 -- -- : 34823 6162 35 it -PRON- PRP 34823 6162 36 is be VBZ 34823 6162 37 difficult difficult JJ 34823 6162 38 to to TO 34823 6162 39 bring bring VB 34823 6162 40 it -PRON- PRP 34823 6162 41 in in RP 34823 6162 42 . . . 34823 6163 1 Bonds bond NNS 34823 6163 2 of of IN 34823 6163 3 agricultural agricultural JJ 34823 6163 4 associations association NNS 34823 6163 5 or or CC 34823 6163 6 of of IN 34823 6163 7 agricultural agricultural JJ 34823 6163 8 banks bank NNS 34823 6163 9 have have VBP 34823 6163 10 had have VBN 34823 6163 11 limited limit VBN 34823 6163 12 sale sale NN 34823 6163 13 on on IN 34823 6163 14 the the DT 34823 6163 15 bourses bourse NNS 34823 6163 16 of of IN 34823 6163 17 Europe Europe NNP 34823 6163 18 . . . 34823 6164 1 The the DT 34823 6164 2 present present JJ 34823 6164 3 writer writer NN 34823 6164 4 , , , 34823 6164 5 for for IN 34823 6164 6 example example NN 34823 6164 7 , , , 34823 6164 8 found find VBD 34823 6164 9 it -PRON- PRP 34823 6164 10 impossible impossible JJ 34823 6164 11 to to TO 34823 6164 12 find find VB 34823 6164 13 in in IN 34823 6164 14 four four CD 34823 6164 15 great great JJ 34823 6164 16 libraries library NNS 34823 6164 17 in in IN 34823 6164 18 New New NNP 34823 6164 19 York York NNP 34823 6164 20 and and CC 34823 6164 21 Boston Boston NNP 34823 6164 22 any any DT 34823 6164 23 quotation quotation NN 34823 6164 24 of of IN 34823 6164 25 the the DT 34823 6164 26 bonds bond NNS 34823 6164 27 of of IN 34823 6164 28 the the DT 34823 6164 29 _ _ NNP 34823 6164 30 Bayerische Bayerische NNP 34823 6164 31 Landwirtschaftsbank Landwirtschaftsbank NNP 34823 6164 32 _ _ NNP 34823 6164 33 . . . 34823 6165 1 Apparently apparently RB 34823 6165 2 , , , 34823 6165 3 in in IN 34823 6165 4 general general JJ 34823 6165 5 , , , 34823 6165 6 such such JJ 34823 6165 7 securities security NNS 34823 6165 8 have have VBP 34823 6165 9 not not RB 34823 6165 10 high high JJ 34823 6165 11 saleability saleability NN 34823 6165 12 . . . 34823 6166 1 While while IN 34823 6166 2 this this DT 34823 6166 3 remains remain VBZ 34823 6166 4 true true JJ 34823 6166 5 , , , 34823 6166 6 agriculture agriculture NN 34823 6166 7 may may MD 34823 6166 8 expect expect VB 34823 6166 9 to to TO 34823 6166 10 remain remain VB 34823 6166 11 under under IN 34823 6166 12 a a DT 34823 6166 13 handicap handicap NN 34823 6166 14 of of IN 34823 6166 15 higher high JJR 34823 6166 16 interest interest NN 34823 6166 17 rates rate NNS 34823 6166 18 than than IN 34823 6166 19 industry industry NN 34823 6166 20 and and CC 34823 6166 21 commerce commerce NN 34823 6166 22 . . . 34823 6167 1 If if IN 34823 6167 2 , , , 34823 6167 3 however however RB 34823 6167 4 , , , 34823 6167 5 all all DT 34823 6167 6 forms form NNS 34823 6167 7 of of IN 34823 6167 8 wealth wealth NN 34823 6167 9 could could MD 34823 6167 10 be be VB 34823 6167 11 made make VBN 34823 6167 12 equally equally RB 34823 6167 13 saleable saleable JJ 34823 6167 14 , , , 34823 6167 15 we -PRON- PRP 34823 6167 16 should should MD 34823 6167 17 find find VB 34823 6167 18 interest interest NN 34823 6167 19 rates rate NNS 34823 6167 20 rising rise VBG 34823 6167 21 for for IN 34823 6167 22 those those DT 34823 6167 23 loans loan NNS 34823 6167 24 and and CC 34823 6167 25 securities security NNS 34823 6167 26 which which WDT 34823 6167 27 now now RB 34823 6167 28 have have VBP 34823 6167 29 the the DT 34823 6167 30 highest high JJS 34823 6167 31 saleability saleability NN 34823 6167 32 . . . 34823 6168 1 They -PRON- PRP 34823 6168 2 would would MD 34823 6168 3 lose lose VB 34823 6168 4 the the DT 34823 6168 5 peculiarity peculiarity NN 34823 6168 6 which which WDT 34823 6168 7 now now RB 34823 6168 8 enables enable VBZ 34823 6168 9 them -PRON- PRP 34823 6168 10 to to TO 34823 6168 11 perform perform VB 34823 6168 12 a a DT 34823 6168 13 service service NN 34823 6168 14 as as IN 34823 6168 15 bearer bearer NN 34823 6168 16 of of IN 34823 6168 17 options option NNS 34823 6168 18 . . . 34823 6169 1 Money money NN 34823 6169 2 - - HYPH 34823 6169 3 rates rate NNS 34823 6169 4 and and CC 34823 6169 5 long long JJ 34823 6169 6 - - HYPH 34823 6169 7 time time NN 34823 6169 8 rates rate NNS 34823 6169 9 of of IN 34823 6169 10 interest interest NN 34823 6169 11 would would MD 34823 6169 12 tend tend VB 34823 6169 13 to to TO 34823 6169 14 come come VB 34823 6169 15 together together RB 34823 6169 16 . . . 34823 6170 1 Long long JJ 34823 6170 2 - - HYPH 34823 6170 3 time time NN 34823 6170 4 rates rate NNS 34823 6170 5 on on IN 34823 6170 6 formerly formerly RB 34823 6170 7 unsaleable unsaleable JJ 34823 6170 8 loans loan NNS 34823 6170 9 would would MD 34823 6170 10 fall fall VB 34823 6170 11 , , , 34823 6170 12 and and CC 34823 6170 13 rates rate NNS 34823 6170 14 on on IN 34823 6170 15 highly highly RB 34823 6170 16 saleable saleable JJ 34823 6170 17 loans loan NNS 34823 6170 18 would would MD 34823 6170 19 rise rise VB 34823 6170 20 . . . 34823 6171 1 The the DT 34823 6171 2 present present JJ 34823 6171 3 low low JJ 34823 6171 4 rates rate NNS 34823 6171 5 in in IN 34823 6171 6 the the DT 34823 6171 7 " " `` 34823 6171 8 money money NN 34823 6171 9 market market NN 34823 6171 10 " " '' 34823 6171 11 grow grow VB 34823 6171 12 out out IN 34823 6171 13 of of IN 34823 6171 14 _ _ NNP 34823 6171 15 differential differential NN 34823 6171 16 _ _ NNP 34823 6171 17 advantages advantage NNS 34823 6171 18 . . . 34823 6172 1 We -PRON- PRP 34823 6172 2 turn turn VBP 34823 6172 3 now now RB 34823 6172 4 to to IN 34823 6172 5 the the DT 34823 6172 6 third third JJ 34823 6172 7 important important JJ 34823 6172 8 aspect aspect NN 34823 6172 9 of of IN 34823 6172 10 the the DT 34823 6172 11 technique technique NN 34823 6172 12 of of IN 34823 6172 13 banking banking NN 34823 6172 14 , , , 34823 6172 15 namely namely RB 34823 6172 16 , , , 34823 6172 17 the the DT 34823 6172 18 matter matter NN 34823 6172 19 of of IN 34823 6172 20 cash cash NN 34823 6172 21 reserves reserve NNS 34823 6172 22 . . . 34823 6173 1 First first RB 34823 6173 2 I -PRON- PRP 34823 6173 3 would would MD 34823 6173 4 point point VB 34823 6173 5 out out RP 34823 6173 6 that that IN 34823 6173 7 this this DT 34823 6173 8 is be VBZ 34823 6173 9 merely merely RB 34823 6173 10 a a DT 34823 6173 11 part part NN 34823 6173 12 of of IN 34823 6173 13 the the DT 34823 6173 14 more more RBR 34823 6173 15 general general JJ 34823 6173 16 problem problem NN 34823 6173 17 of of IN 34823 6173 18 liquid liquid JJ 34823 6173 19 assets asset NNS 34823 6173 20 . . . 34823 6174 1 The the DT 34823 6174 2 difference difference NN 34823 6174 3 between between IN 34823 6174 4 cash cash NN 34823 6174 5 and and CC 34823 6174 6 liquid liquid JJ 34823 6174 7 paper paper NN 34823 6174 8 is be VBZ 34823 6174 9 a a DT 34823 6174 10 matter matter NN 34823 6174 11 of of IN 34823 6174 12 degree degree NN 34823 6174 13 . . . 34823 6175 1 There there EX 34823 6175 2 is be VBZ 34823 6175 3 large large JJ 34823 6175 4 possibility possibility NN 34823 6175 5 of of IN 34823 6175 6 substitution substitution NN 34823 6175 7 of of IN 34823 6175 8 the the DT 34823 6175 9 one one CD 34823 6175 10 for for IN 34823 6175 11 the the DT 34823 6175 12 other other JJ 34823 6175 13 , , , 34823 6175 14 as as IN 34823 6175 15 it -PRON- PRP 34823 6175 16 becomes become VBZ 34823 6175 17 more more RBR 34823 6175 18 profitable profitable JJ 34823 6175 19 to to TO 34823 6175 20 use use VB 34823 6175 21 one one CD 34823 6175 22 or or CC 34823 6175 23 the the DT 34823 6175 24 other other JJ 34823 6175 25 . . . 34823 6176 1 When when WRB 34823 6176 2 money money NN 34823 6176 3 - - HYPH 34823 6176 4 rates rate NNS 34823 6176 5 are be VBP 34823 6176 6 low low JJ 34823 6176 7 , , , 34823 6176 8 it -PRON- PRP 34823 6176 9 may may MD 34823 6176 10 well well RB 34823 6176 11 be be VB 34823 6176 12 worth worth JJ 34823 6176 13 while while IN 34823 6176 14 to to TO 34823 6176 15 carry carry VB 34823 6176 16 large large JJ 34823 6176 17 reserves reserve NNS 34823 6176 18 ; ; : 34823 6176 19 when when WRB 34823 6176 20 money money NN 34823 6176 21 - - HYPH 34823 6176 22 rates rate NNS 34823 6176 23 are be VBP 34823 6176 24 higher high JJR 34823 6176 25 , , , 34823 6176 26 the the DT 34823 6176 27 gains gain NNS 34823 6176 28 to to TO 34823 6176 29 be be VB 34823 6176 30 made make VBN 34823 6176 31 by by IN 34823 6176 32 substituting substitute VBG 34823 6176 33 paper paper NN 34823 6176 34 for for IN 34823 6176 35 cash cash NN 34823 6176 36 in in IN 34823 6176 37 the the DT 34823 6176 38 bank bank NN 34823 6176 39 's 's POS 34823 6176 40 assets asset NNS 34823 6176 41 are be VBP 34823 6176 42 much much RB 34823 6176 43 greater great JJR 34823 6176 44 . . . 34823 6177 1 I -PRON- PRP 34823 6177 2 have have VBP 34823 6177 3 pointed point VBN 34823 6177 4 out out RP 34823 6177 5 the the DT 34823 6177 6 use use NN 34823 6177 7 which which WDT 34823 6177 8 great great JJ 34823 6177 9 European european JJ 34823 6177 10 banks bank NNS 34823 6177 11 , , , 34823 6177 12 notably notably RB 34823 6177 13 the the DT 34823 6177 14 Austro Austro NNP 34823 6177 15 - - HYPH 34823 6177 16 Hungarian Hungarian NNP 34823 6177 17 Bank Bank NNP 34823 6177 18 , , , 34823 6177 19 make make NN 34823 6177 20 of of IN 34823 6177 21 foreign foreign JJ 34823 6177 22 bills bill NNS 34823 6177 23 of of IN 34823 6177 24 exchange exchange NN 34823 6177 25 as as IN 34823 6177 26 " " `` 34823 6177 27 reserve reserve NNP 34823 6177 28 , , , 34823 6177 29 " " '' 34823 6177 30 selling sell VBG 34823 6177 31 bills bill NNS 34823 6177 32 when when WRB 34823 6177 33 money money NN 34823 6177 34 is be VBZ 34823 6177 35 " " `` 34823 6177 36 easy easy JJ 34823 6177 37 , , , 34823 6177 38 " " '' 34823 6177 39 and and CC 34823 6177 40 the the DT 34823 6177 41 yield yield NN 34823 6177 42 on on IN 34823 6177 43 bills bill NNS 34823 6177 44 is be VBZ 34823 6177 45 small small JJ 34823 6177 46 , , , 34823 6177 47 buying buy VBG 34823 6177 48 bills bill NNS 34823 6177 49 when when WRB 34823 6177 50 money money NN 34823 6177 51 is be VBZ 34823 6177 52 " " `` 34823 6177 53 tight tight JJ 34823 6177 54 , , , 34823 6177 55 " " '' 34823 6177 56 and and CC 34823 6177 57 the the DT 34823 6177 58 yield yield NN 34823 6177 59 on on IN 34823 6177 60 bills bill NNS 34823 6177 61 is be VBZ 34823 6177 62 large large JJ 34823 6177 63 . . . 34823 6178 1 [ [ -LRB- 34823 6178 2 555 555 CD 34823 6178 3 ] ] -RRB- 34823 6178 4 The the DT 34823 6178 5 great great JJ 34823 6178 6 Joint Joint NNP 34823 6178 7 Stock Stock NNP 34823 6178 8 Banks Banks NNPS 34823 6178 9 of of IN 34823 6178 10 England England NNP 34823 6178 11 , , , 34823 6178 12 the the DT 34823 6178 13 chief chief JJ 34823 6178 14 sources source NNS 34823 6178 15 of of IN 34823 6178 16 bank bank NN 34823 6178 17 - - HYPH 34823 6178 18 credit credit NN 34823 6178 19 in in IN 34823 6178 20 the the DT 34823 6178 21 great great JJ 34823 6178 22 banking banking NN 34823 6178 23 country country NN 34823 6178 24 of of IN 34823 6178 25 the the DT 34823 6178 26 world world NN 34823 6178 27 , , , 34823 6178 28 also also RB 34823 6178 29 make make VB 34823 6178 30 use use NN 34823 6178 31 chiefly chiefly RB 34823 6178 32 of of IN 34823 6178 33 deposits deposit NNS 34823 6178 34 with with IN 34823 6178 35 the the DT 34823 6178 36 Bank Bank NNP 34823 6178 37 of of IN 34823 6178 38 England England NNP 34823 6178 39 as as IN 34823 6178 40 their -PRON- PRP$ 34823 6178 41 " " `` 34823 6178 42 reserves reserve NNS 34823 6178 43 . . . 34823 6178 44 " " '' 34823 6179 1 Some some DT 34823 6179 2 cash cash NN 34823 6179 3 they -PRON- PRP 34823 6179 4 keep keep VBP 34823 6179 5 , , , 34823 6179 6 but but CC 34823 6179 7 it -PRON- PRP 34823 6179 8 is be VBZ 34823 6179 9 " " `` 34823 6179 10 till till IN 34823 6179 11 money money NN 34823 6179 12 , , , 34823 6179 13 " " '' 34823 6179 14 rather rather RB 34823 6179 15 than than IN 34823 6179 16 reserve reserve NN 34823 6179 17 . . . 34823 6180 1 They -PRON- PRP 34823 6180 2 carry carry VBP 34823 6180 3 , , , 34823 6180 4 also also RB 34823 6180 5 , , , 34823 6180 6 " " `` 34823 6180 7 secondary secondary JJ 34823 6180 8 reserves reserve NNS 34823 6180 9 " " '' 34823 6180 10 in in IN 34823 6180 11 highly highly RB 34823 6180 12 liquid liquid JJ 34823 6180 13 paper paper NN 34823 6180 14 , , , 34823 6180 15 stock stock NN 34823 6180 16 exchange exchange NN 34823 6180 17 loans loan NNS 34823 6180 18 and and CC 34823 6180 19 commercial commercial JJ 34823 6180 20 bills bill NNS 34823 6180 21 . . . 34823 6181 1 The the DT 34823 6181 2 differences difference NNS 34823 6181 3 are be VBP 34823 6181 4 differences difference NNS 34823 6181 5 in in IN 34823 6181 6 degree degree NN 34823 6181 7 . . . 34823 6182 1 The the DT 34823 6182 2 Bank Bank NNP 34823 6182 3 of of IN 34823 6182 4 England England NNP 34823 6182 5 does do VBZ 34823 6182 6 keep keep VB 34823 6182 7 a a DT 34823 6182 8 large large JJ 34823 6182 9 reserve reserve NN 34823 6182 10 in in IN 34823 6182 11 cash cash NN 34823 6182 12 ( ( -LRB- 34823 6182 13 including include VBG 34823 6182 14 notes note NNS 34823 6182 15 of of IN 34823 6182 16 the the DT 34823 6182 17 Issue Issue NNP 34823 6182 18 Department Department NNP 34823 6182 19 and and CC 34823 6182 20 gold gold NN 34823 6182 21 bullion bullion NN 34823 6182 22 ) ) -RRB- 34823 6182 23 but but CC 34823 6182 24 it -PRON- PRP 34823 6182 25 denies deny VBZ 34823 6182 26 that that IN 34823 6182 27 it -PRON- PRP 34823 6182 28 has have VBZ 34823 6182 29 any any DT 34823 6182 30 definite definite JJ 34823 6182 31 ratio ratio NN 34823 6182 32 in in IN 34823 6182 33 mind,[556 mind,[556 NNP 34823 6182 34 ] ] -RRB- 34823 6182 35 and and CC 34823 6182 36 it -PRON- PRP 34823 6182 37 protects protect VBZ 34823 6182 38 its -PRON- PRP$ 34823 6182 39 reserves reserve NNS 34823 6182 40 , , , 34823 6182 41 when when WRB 34823 6182 42 they -PRON- PRP 34823 6182 43 are be VBP 34823 6182 44 low low JJ 34823 6182 45 , , , 34823 6182 46 not not RB 34823 6182 47 by by IN 34823 6182 48 ceasing cease VBG 34823 6182 49 to to IN 34823 6182 50 loan loan NN 34823 6182 51 , , , 34823 6182 52 but but CC 34823 6182 53 by by IN 34823 6182 54 raising raise VBG 34823 6182 55 its -PRON- PRP$ 34823 6182 56 discount discount NN 34823 6182 57 - - HYPH 34823 6182 58 rate rate NN 34823 6182 59 . . . 34823 6183 1 The the DT 34823 6183 2 whole whole JJ 34823 6183 3 thing thing NN 34823 6183 4 is be VBZ 34823 6183 5 highly highly RB 34823 6183 6 flexible flexible JJ 34823 6183 7 . . . 34823 6184 1 This this DT 34823 6184 2 is be VBZ 34823 6184 3 , , , 34823 6184 4 in in IN 34823 6184 5 general general JJ 34823 6184 6 , , , 34823 6184 7 true true JJ 34823 6184 8 throughout throughout IN 34823 6184 9 the the DT 34823 6184 10 world,[557 world,[557 NN 34823 6184 11 ] ] -RRB- 34823 6184 12 where where WRB 34823 6184 13 banking banking NN 34823 6184 14 is be VBZ 34823 6184 15 highly highly RB 34823 6184 16 developed develop VBN 34823 6184 17 . . . 34823 6185 1 A a DT 34823 6185 2 country country NN 34823 6185 3 which which WDT 34823 6185 4 has have VBZ 34823 6185 5 expanding expand VBG 34823 6185 6 business business NN 34823 6185 7 , , , 34823 6185 8 based base VBN 34823 6185 9 on on IN 34823 6185 10 rising rise VBG 34823 6185 11 values value NNS 34823 6185 12 of of IN 34823 6185 13 goods good NNS 34823 6185 14 and and CC 34823 6185 15 rising rise VBG 34823 6185 16 capital capital NN 34823 6185 17 values value NNS 34823 6185 18 of of IN 34823 6185 19 anticipated anticipated JJ 34823 6185 20 incomes income NNS 34823 6185 21 , , , 34823 6185 22 which which WDT 34823 6185 23 in in IN 34823 6185 24 turn turn NN 34823 6185 25 grow grow VB 34823 6185 26 out out IN 34823 6185 27 of of IN 34823 6185 28 increasing increase VBG 34823 6185 29 business business NN 34823 6185 30 confidence confidence NN 34823 6185 31 , , , 34823 6185 32 etc etc FW 34823 6185 33 . . FW 34823 6185 34 , , , 34823 6185 35 and and CC 34823 6185 36 out out IN 34823 6185 37 of of IN 34823 6185 38 the the DT 34823 6185 39 development development NN 34823 6185 40 of of IN 34823 6185 41 new new JJ 34823 6185 42 enterprises enterprise NNS 34823 6185 43 which which WDT 34823 6185 44 make make VBP 34823 6185 45 readjustment readjustment NN 34823 6185 46 necessary necessary JJ 34823 6185 47 , , , 34823 6185 48 expands expand VBZ 34823 6185 49 its -PRON- PRP$ 34823 6185 50 bank bank NN 34823 6185 51 - - HYPH 34823 6185 52 credit credit NN 34823 6185 53 to to TO 34823 6185 54 meet meet VB 34823 6185 55 the the DT 34823 6185 56 situation situation NN 34823 6185 57 . . . 34823 6186 1 Expanding expand VBG 34823 6186 2 bank bank NN 34823 6186 3 - - HYPH 34823 6186 4 credits credit NNS 34823 6186 5 in in IN 34823 6186 6 time time NN 34823 6186 7 grow grow VB 34823 6186 8 so so RB 34823 6186 9 large large JJ 34823 6186 10 that that IN 34823 6186 11 bankers banker NNS 34823 6186 12 feel feel VBP 34823 6186 13 larger large JJR 34823 6186 14 cash cash NN 34823 6186 15 reserves reserve NNS 34823 6186 16 to to TO 34823 6186 17 be be VB 34823 6186 18 desirable desirable JJ 34823 6186 19 . . . 34823 6187 1 Their -PRON- PRP$ 34823 6187 2 reserves reserve NNS 34823 6187 3 may may MD 34823 6187 4 be be VB 34823 6187 5 also also RB 34823 6187 6 , , , 34823 6187 7 in in IN 34823 6187 8 some some DT 34823 6187 9 measure measure NN 34823 6187 10 , , , 34823 6187 11 drawn draw VBN 34823 6187 12 upon upon IN 34823 6187 13 by by IN 34823 6187 14 the the DT 34823 6187 15 growing grow VBG 34823 6187 16 retail retail JJ 34823 6187 17 trade trade NN 34823 6187 18 and and CC 34823 6187 19 wage wage NN 34823 6187 20 - - HYPH 34823 6187 21 payments payment NNS 34823 6187 22 , , , 34823 6187 23 which which WDT 34823 6187 24 call call VBP 34823 6187 25 for for IN 34823 6187 26 more more JJR 34823 6187 27 money money NN 34823 6187 28 in in IN 34823 6187 29 circulation circulation NN 34823 6187 30 . . . 34823 6188 1 They -PRON- PRP 34823 6188 2 meet meet VBP 34823 6188 3 the the DT 34823 6188 4 situation situation NN 34823 6188 5 by by IN 34823 6188 6 raising raise VBG 34823 6188 7 money money NN 34823 6188 8 - - HYPH 34823 6188 9 rates rate NNS 34823 6188 10 . . . 34823 6189 1 This this DT 34823 6189 2 tends tend VBZ 34823 6189 3 to to TO 34823 6189 4 prevent prevent VB 34823 6189 5 the the DT 34823 6189 6 exportation exportation NN 34823 6189 7 of of IN 34823 6189 8 gold gold NN 34823 6189 9 , , , 34823 6189 10 and and CC 34823 6189 11 tends tend VBZ 34823 6189 12 to to TO 34823 6189 13 encourage encourage VB 34823 6189 14 the the DT 34823 6189 15 importation importation NN 34823 6189 16 of of IN 34823 6189 17 gold gold NN 34823 6189 18 , , , 34823 6189 19 which which WDT 34823 6189 20 finds find VBZ 34823 6189 21 its -PRON- PRP$ 34823 6189 22 way way NN 34823 6189 23 into into IN 34823 6189 24 bank bank NN 34823 6189 25 reserves reserve NNS 34823 6189 26 . . . 34823 6190 1 Banks bank NNS 34823 6190 2 may may MD 34823 6190 3 even even RB 34823 6190 4 borrow borrow VB 34823 6190 5 directly directly RB 34823 6190 6 from from IN 34823 6190 7 banks bank NNS 34823 6190 8 in in IN 34823 6190 9 other other JJ 34823 6190 10 countries country NNS 34823 6190 11 , , , 34823 6190 12 to to TO 34823 6190 13 get get VB 34823 6190 14 the the DT 34823 6190 15 gold gold NN 34823 6190 16 they -PRON- PRP 34823 6190 17 need need VBP 34823 6190 18 , , , 34823 6190 19 or or CC 34823 6190 20 to to TO 34823 6190 21 prevent prevent VB 34823 6190 22 the the DT 34823 6190 23 exportation exportation NN 34823 6190 24 of of IN 34823 6190 25 the the DT 34823 6190 26 gold gold NN 34823 6190 27 they -PRON- PRP 34823 6190 28 have have VBP 34823 6190 29 . . . 34823 6191 1 The the DT 34823 6191 2 higher high JJR 34823 6191 3 money money NN 34823 6191 4 - - HYPH 34823 6191 5 rates rate NNS 34823 6191 6 , , , 34823 6191 7 also also RB 34823 6191 8 , , , 34823 6191 9 tend tend VB 34823 6191 10 to to TO 34823 6191 11 check check VB 34823 6191 12 marginal marginal JJ 34823 6191 13 borrowing borrowing NN 34823 6191 14 -- -- : 34823 6191 15 the the DT 34823 6191 16 borrowing borrowing NN 34823 6191 17 by by IN 34823 6191 18 those those DT 34823 6191 19 who who WP 34823 6191 20 see see VBP 34823 6191 21 only only RB 34823 6191 22 very very RB 34823 6191 23 small small JJ 34823 6191 24 profits profit NNS 34823 6191 25 to to TO 34823 6191 26 be be VB 34823 6191 27 made make VBN 34823 6191 28 by by IN 34823 6191 29 the the DT 34823 6191 30 use use NN 34823 6191 31 of of IN 34823 6191 32 the the DT 34823 6191 33 bank bank NN 34823 6191 34 - - HYPH 34823 6191 35 credit credit NN 34823 6191 36 they -PRON- PRP 34823 6191 37 borrow borrow VBP 34823 6191 38 . . . 34823 6192 1 If if IN 34823 6192 2 the the DT 34823 6192 3 rising rise VBG 34823 6192 4 values value NNS 34823 6192 5 of of IN 34823 6192 6 goods good NNS 34823 6192 7 , , , 34823 6192 8 however however RB 34823 6192 9 , , , 34823 6192 10 and and CC 34823 6192 11 the the DT 34823 6192 12 profits profit NNS 34823 6192 13 to to TO 34823 6192 14 be be VB 34823 6192 15 made make VBN 34823 6192 16 by by IN 34823 6192 17 effecting effect VBG 34823 6192 18 exchanges exchange NNS 34823 6192 19 , , , 34823 6192 20 speculative speculative JJ 34823 6192 21 and and CC 34823 6192 22 other other JJ 34823 6192 23 , , , 34823 6192 24 are be VBP 34823 6192 25 large large JJ 34823 6192 26 , , , 34823 6192 27 the the DT 34823 6192 28 volume volume NN 34823 6192 29 of of IN 34823 6192 30 bank bank NN 34823 6192 31 - - HYPH 34823 6192 32 credit credit NN 34823 6192 33 will will MD 34823 6192 34 , , , 34823 6192 35 none none NN 34823 6192 36 the the DT 34823 6192 37 less less RBR 34823 6192 38 , , , 34823 6192 39 grow grow VB 34823 6192 40 . . . 34823 6193 1 If if IN 34823 6193 2 the the DT 34823 6193 3 tide tide NN 34823 6193 4 of of IN 34823 6193 5 rising rise VBG 34823 6193 6 business business NN 34823 6193 7 confidence confidence NN 34823 6193 8 is be VBZ 34823 6193 9 strong strong JJ 34823 6193 10 , , , 34823 6193 11 the the DT 34823 6193 12 banks bank NNS 34823 6193 13 will will MD 34823 6193 14 be be VB 34823 6193 15 disposed dispose VBN 34823 6193 16 to to TO 34823 6193 17 accept accept VB 34823 6193 18 securities security NNS 34823 6193 19 and and CC 34823 6193 20 rights right NNS 34823 6193 21 as as IN 34823 6193 22 collateral collateral NN 34823 6193 23 which which WDT 34823 6193 24 they -PRON- PRP 34823 6193 25 would would MD 34823 6193 26 distrust distrust VB 34823 6193 27 at at IN 34823 6193 28 other other JJ 34823 6193 29 times time NNS 34823 6193 30 . . . 34823 6194 1 A a DT 34823 6194 2 very very RB 34823 6194 3 big big JJ 34823 6194 4 difference difference NN 34823 6194 5 indeed indeed RB 34823 6194 6 may may MD 34823 6194 7 appear appear VB 34823 6194 8 between between IN 34823 6194 9 bank bank NN 34823 6194 10 reserves reserve NNS 34823 6194 11 in in IN 34823 6194 12 active active JJ 34823 6194 13 times time NNS 34823 6194 14 and and CC 34823 6194 15 bank bank NN 34823 6194 16 reserves reserve NNS 34823 6194 17 in in IN 34823 6194 18 dull dull JJ 34823 6194 19 times time NNS 34823 6194 20 . . . 34823 6195 1 The the DT 34823 6195 2 banks bank NNS 34823 6195 3 need need VBP 34823 6195 4 less less JJR 34823 6195 5 reserves reserve NNS 34823 6195 6 in in IN 34823 6195 7 proportion proportion NN 34823 6195 8 to to IN 34823 6195 9 deposits deposit NNS 34823 6195 10 in in IN 34823 6195 11 active active JJ 34823 6195 12 times time NNS 34823 6195 13 , , , 34823 6195 14 because because IN 34823 6195 15 the the DT 34823 6195 16 very very JJ 34823 6195 17 activity activity NN 34823 6195 18 itself -PRON- PRP 34823 6195 19 increases increase VBZ 34823 6195 20 the the DT 34823 6195 21 liquidity liquidity NN 34823 6195 22 , , , 34823 6195 23 the the DT 34823 6195 24 saleability saleability NN 34823 6195 25 , , , 34823 6195 26 of of IN 34823 6195 27 their -PRON- PRP$ 34823 6195 28 paper paper NN 34823 6195 29 assets asset NNS 34823 6195 30 , , , 34823 6195 31 and and CC 34823 6195 32 so so RB 34823 6195 33 makes make VBZ 34823 6195 34 actual actual JJ 34823 6195 35 cash cash NN 34823 6195 36 less less RBR 34823 6195 37 necessary necessary JJ 34823 6195 38 . . . 34823 6196 1 Even even RB 34823 6196 2 in in IN 34823 6196 3 this this DT 34823 6196 4 country country NN 34823 6196 5 , , , 34823 6196 6 the the DT 34823 6196 7 practice practice NN 34823 6196 8 of of IN 34823 6196 9 counting count VBG 34823 6196 10 deposits deposit NNS 34823 6196 11 in in IN 34823 6196 12 other other JJ 34823 6196 13 banks bank NNS 34823 6196 14 as as IN 34823 6196 15 reserve reserve NN 34823 6196 16 is be VBZ 34823 6196 17 well well RB 34823 6196 18 developed developed JJ 34823 6196 19 . . . 34823 6197 1 This this DT 34823 6197 2 is be VBZ 34823 6197 3 not not RB 34823 6197 4 only only RB 34823 6197 5 true true JJ 34823 6197 6 of of IN 34823 6197 7 country country NN 34823 6197 8 banks bank NNS 34823 6197 9 , , , 34823 6197 10 or or CC 34823 6197 11 banks bank NNS 34823 6197 12 outside outside IN 34823 6197 13 the the DT 34823 6197 14 reserve reserve NN 34823 6197 15 cities city NNS 34823 6197 16 . . . 34823 6198 1 It -PRON- PRP 34823 6198 2 has have VBZ 34823 6198 3 been be VBN 34823 6198 4 , , , 34823 6198 5 in in IN 34823 6198 6 considerable considerable JJ 34823 6198 7 degree degree NN 34823 6198 8 , , , 34823 6198 9 the the DT 34823 6198 10 practice practice NN 34823 6198 11 of of IN 34823 6198 12 the the DT 34823 6198 13 big big JJ 34823 6198 14 trust trust NN 34823 6198 15 companies company NNS 34823 6198 16 in in IN 34823 6198 17 New New NNP 34823 6198 18 York York NNP 34823 6198 19 City City NNP 34823 6198 20 . . . 34823 6199 1 It -PRON- PRP 34823 6199 2 is be VBZ 34823 6199 3 the the DT 34823 6199 4 practice practice NN 34823 6199 5 of of IN 34823 6199 6 private private JJ 34823 6199 7 bankers banker NNS 34823 6199 8 connected connect VBN 34823 6199 9 with with IN 34823 6199 10 the the DT 34823 6199 11 stock stock NN 34823 6199 12 exchanges exchange NNS 34823 6199 13 , , , 34823 6199 14 and and CC 34823 6199 15 the the DT 34823 6199 16 practice practice NN 34823 6199 17 of of IN 34823 6199 18 brokers broker NNS 34823 6199 19 , , , 34823 6199 20 who who WP 34823 6199 21 are be VBP 34823 6199 22 , , , 34823 6199 23 for for IN 34823 6199 24 many many JJ 34823 6199 25 purposes purpose NNS 34823 6199 26 , , , 34823 6199 27 bankers banker NNS 34823 6199 28 , , , 34823 6199 29 especially especially RB 34823 6199 30 those those DT 34823 6199 31 who who WP 34823 6199 32 allow allow VBP 34823 6199 33 their -PRON- PRP$ 34823 6199 34 customers customer NNS 34823 6199 35 to to TO 34823 6199 36 check check VB 34823 6199 37 on on IN 34823 6199 38 their -PRON- PRP$ 34823 6199 39 accounts account NNS 34823 6199 40 . . . 34823 6200 1 Such such JJ 34823 6200 2 houses house NNS 34823 6200 3 may may MD 34823 6200 4 carry carry VB 34823 6200 5 no no DT 34823 6200 6 cash cash NN 34823 6200 7 at at RB 34823 6200 8 all all RB 34823 6200 9 . . . 34823 6201 1 One one CD 34823 6201 2 , , , 34823 6201 3 with with IN 34823 6201 4 whose whose WP$ 34823 6201 5 workings working NNS 34823 6201 6 the the DT 34823 6201 7 writer writer NN 34823 6201 8 is be VBZ 34823 6201 9 somewhat somewhat RB 34823 6201 10 familiar familiar JJ 34823 6201 11 , , , 34823 6201 12 makes make VBZ 34823 6201 13 the the DT 34823 6201 14 rule--"We rule--"We NNP 34823 6201 15 pay pay VB 34823 6201 16 by by IN 34823 6201 17 check check NN 34823 6201 18 and and CC 34823 6201 19 receive receive VBP 34823 6201 20 only only JJ 34823 6201 21 checks check NNS 34823 6201 22 . . . 34823 6201 23 " " '' 34823 6202 1 None none NN 34823 6202 2 the the DT 34823 6202 3 less less JJR 34823 6202 4 , , , 34823 6202 5 this this DT 34823 6202 6 house house NN 34823 6202 7 allows allow VBZ 34823 6202 8 its -PRON- PRP$ 34823 6202 9 customers customer NNS 34823 6202 10 to to TO 34823 6202 11 check check VB 34823 6202 12 upon upon IN 34823 6202 13 it -PRON- PRP 34823 6202 14 , , , 34823 6202 15 and and CC 34823 6202 16 checks check NNS 34823 6202 17 drawn draw VBN 34823 6202 18 on on IN 34823 6202 19 it -PRON- PRP 34823 6202 20 perform perform VBP 34823 6202 21 all all PDT 34823 6202 22 the the DT 34823 6202 23 functions function NNS 34823 6202 24 of of IN 34823 6202 25 checks check NNS 34823 6202 26 drawn draw VBN 34823 6202 27 on on IN 34823 6202 28 banks bank NNS 34823 6202 29 which which WDT 34823 6202 30 keep keep VBP 34823 6202 31 a a DT 34823 6202 32 cash cash NN 34823 6202 33 reserve reserve NN 34823 6202 34 . . . 34823 6203 1 Of of RB 34823 6203 2 course course RB 34823 6203 3 , , , 34823 6203 4 our -PRON- PRP$ 34823 6203 5 new new JJ 34823 6203 6 Federal Federal NNP 34823 6203 7 Reserve Reserve NNP 34823 6203 8 system system NN 34823 6203 9 is be VBZ 34823 6203 10 built build VBN 34823 6203 11 , , , 34823 6203 12 in in IN 34823 6203 13 part part NN 34823 6203 14 , , , 34823 6203 15 on on IN 34823 6203 16 the the DT 34823 6203 17 principle principle NN 34823 6203 18 of of IN 34823 6203 19 collecting collect VBG 34823 6203 20 reserves reserve NNS 34823 6203 21 in in IN 34823 6203 22 central central JJ 34823 6203 23 reservoirs reservoir NNS 34823 6203 24 , , , 34823 6203 25 and and CC 34823 6203 26 our -PRON- PRP$ 34823 6203 27 banks bank NNS 34823 6203 28 will will MD 34823 6203 29 doubtless doubtless RB 34823 6203 30 increase increase VB 34823 6203 31 the the DT 34823 6203 32 practice practice NN 34823 6203 33 of of IN 34823 6203 34 counting count VBG 34823 6203 35 deposits deposit NNS 34823 6203 36 with with IN 34823 6203 37 other other JJ 34823 6203 38 banks bank NNS 34823 6203 39 as as IN 34823 6203 40 reserve reserve NN 34823 6203 41 . . . 34823 6204 1 [ [ -LRB- 34823 6204 2 558 558 CD 34823 6204 3 ] ] -RRB- 34823 6204 4 They -PRON- PRP 34823 6204 5 will will MD 34823 6204 6 feel feel VB 34823 6204 7 the the DT 34823 6204 8 need need NN 34823 6204 9 for for IN 34823 6204 10 less less JJR 34823 6204 11 reserves reserve NNS 34823 6204 12 , , , 34823 6204 13 also also RB 34823 6204 14 , , , 34823 6204 15 with with IN 34823 6204 16 a a DT 34823 6204 17 wider wide JJR 34823 6204 18 rediscount rediscount NN 34823 6204 19 market market NN 34823 6204 20 . . . 34823 6205 1 _ _ XX 34823 6205 2 Within within IN 34823 6205 3 a a DT 34823 6205 4 given give VBN 34823 6205 5 country country NN 34823 6205 6 _ _ NNP 34823 6205 7 , , , 34823 6205 8 I -PRON- PRP 34823 6205 9 think think VBP 34823 6205 10 that that IN 34823 6205 11 we -PRON- PRP 34823 6205 12 may may MD 34823 6205 13 safely safely RB 34823 6205 14 generalize generalize VB 34823 6205 15 the the DT 34823 6205 16 doctrine doctrine NN 34823 6205 17 that that IN 34823 6205 18 the the DT 34823 6205 19 causal causal JJ 34823 6205 20 relation relation NN 34823 6205 21 between between IN 34823 6205 22 reserves reserve NNS 34823 6205 23 and and CC 34823 6205 24 deposits deposit NNS 34823 6205 25 is be VBZ 34823 6205 26 exactly exactly RB 34823 6205 27 the the DT 34823 6205 28 reverse reverse NN 34823 6205 29 of of IN 34823 6205 30 that that WDT 34823 6205 31 asserted assert VBN 34823 6205 32 by by IN 34823 6205 33 the the DT 34823 6205 34 quantity quantity NN 34823 6205 35 theory theory NN 34823 6205 36 , , , 34823 6205 37 within within IN 34823 6205 38 very very RB 34823 6205 39 wide wide JJ 34823 6205 40 limits limit NNS 34823 6205 41 indeed indeed RB 34823 6205 42 . . . 34823 6206 1 That that DT 34823 6206 2 is be VBZ 34823 6206 3 to to TO 34823 6206 4 say say VB 34823 6206 5 , , , 34823 6206 6 increasing increase VBG 34823 6206 7 reserves reserve NNS 34823 6206 8 are be VBP 34823 6206 9 a a DT 34823 6206 10 _ _ NNP 34823 6206 11 result result NN 34823 6206 12 _ _ NNP 34823 6206 13 , , , 34823 6206 14 and and CC 34823 6206 15 not not RB 34823 6206 16 a a DT 34823 6206 17 _ _ NNP 34823 6206 18 cause cause NN 34823 6206 19 _ _ NNP 34823 6206 20 , , , 34823 6206 21 of of IN 34823 6206 22 increasing increase VBG 34823 6206 23 loans loan NNS 34823 6206 24 and and CC 34823 6206 25 deposits deposit NNS 34823 6206 26 . . . 34823 6207 1 We -PRON- PRP 34823 6207 2 shall shall MD 34823 6207 3 further further RB 34823 6207 4 hold hold VB 34823 6207 5 that that IN 34823 6207 6 the the DT 34823 6207 7 relation relation NN 34823 6207 8 between between IN 34823 6207 9 them -PRON- PRP 34823 6207 10 instead instead RB 34823 6207 11 of of IN 34823 6207 12 being be VBG 34823 6207 13 definite definite JJ 34823 6207 14 , , , 34823 6207 15 is be VBZ 34823 6207 16 highly highly RB 34823 6207 17 flexible flexible JJ 34823 6207 18 . . . 34823 6208 1 This this DT 34823 6208 2 is be VBZ 34823 6208 3 not not RB 34823 6208 4 to to TO 34823 6208 5 assert assert VB 34823 6208 6 that that IN 34823 6208 7 reserves reserve NNS 34823 6208 8 may may MD 34823 6208 9 not not RB 34823 6208 10 increase increase VB 34823 6208 11 without without IN 34823 6208 12 a a DT 34823 6208 13 prior prior JJ 34823 6208 14 increase increase NN 34823 6208 15 in in IN 34823 6208 16 loans loan NNS 34823 6208 17 and and CC 34823 6208 18 deposits deposit NNS 34823 6208 19 . . . 34823 6209 1 That that DT 34823 6209 2 has have VBZ 34823 6209 3 happened happen VBN 34823 6209 4 in in IN 34823 6209 5 the the DT 34823 6209 6 United United NNP 34823 6209 7 States States NNP 34823 6209 8 during during IN 34823 6209 9 the the DT 34823 6209 10 present present JJ 34823 6209 11 War War NNP 34823 6209 12 . . . 34823 6210 1 It -PRON- PRP 34823 6210 2 does do VBZ 34823 6210 3 mean mean VB 34823 6210 4 , , , 34823 6210 5 however however RB 34823 6210 6 , , , 34823 6210 7 that that IN 34823 6210 8 increasing increase VBG 34823 6210 9 loans loan NNS 34823 6210 10 and and CC 34823 6210 11 deposits deposit NNS 34823 6210 12 will will MD 34823 6210 13 pull pull VB 34823 6210 14 gold gold NN 34823 6210 15 into into IN 34823 6210 16 a a DT 34823 6210 17 country country NN 34823 6210 18 , , , 34823 6210 19 and and CC 34823 6210 20 that that IN 34823 6210 21 increasing increase VBG 34823 6210 22 reserves reserve NNS 34823 6210 23 do do VBP 34823 6210 24 not not RB 34823 6210 25 force force VB 34823 6210 26 increasing increase VBG 34823 6210 27 deposits deposit NNS 34823 6210 28 and and CC 34823 6210 29 loans loan NNS 34823 6210 30 . . . 34823 6211 1 [ [ -LRB- 34823 6211 2 559 559 CD 34823 6211 3 ] ] -RRB- 34823 6211 4 If if IN 34823 6211 5 a a DT 34823 6211 6 country country NN 34823 6211 7 's 's POS 34823 6211 8 business business NN 34823 6211 9 is be VBZ 34823 6211 10 growing grow VBG 34823 6211 11 , , , 34823 6211 12 if if IN 34823 6211 13 that that DT 34823 6211 14 business business NN 34823 6211 15 is be VBZ 34823 6211 16 soundly soundly RB 34823 6211 17 based base VBN 34823 6211 18 , , , 34823 6211 19 so so IN 34823 6211 20 that that IN 34823 6211 21 expectations expectation NNS 34823 6211 22 are be VBP 34823 6211 23 being be VBG 34823 6211 24 met meet VBN 34823 6211 25 , , , 34823 6211 26 obligations obligation NNS 34823 6211 27 being be VBG 34823 6211 28 paid pay VBN 34823 6211 29 out out IN 34823 6211 30 of of IN 34823 6211 31 the the DT 34823 6211 32 income income NN 34823 6211 33 which which WDT 34823 6211 34 arrives arrive VBZ 34823 6211 35 , , , 34823 6211 36 on on IN 34823 6211 37 schedule schedule NN 34823 6211 38 time time NN 34823 6211 39 , , , 34823 6211 40 to to TO 34823 6211 41 meet meet VB 34823 6211 42 anticipations anticipation NNS 34823 6211 43 , , , 34823 6211 44 there there EX 34823 6211 45 need need VBP 34823 6211 46 be be VB 34823 6211 47 no no DT 34823 6211 48 effective effective JJ 34823 6211 49 check check NN 34823 6211 50 to to IN 34823 6211 51 the the DT 34823 6211 52 amount amount NN 34823 6211 53 of of IN 34823 6211 54 gold gold NN 34823 6211 55 that that WDT 34823 6211 56 will will MD 34823 6211 57 come come VB 34823 6211 58 into into IN 34823 6211 59 the the DT 34823 6211 60 country country NN 34823 6211 61 to to TO 34823 6211 62 serve serve VB 34823 6211 63 as as IN 34823 6211 64 reserves reserve NNS 34823 6211 65 , , , 34823 6211 66 within within IN 34823 6211 67 limits limit NNS 34823 6211 68 that that WDT 34823 6211 69 are be VBP 34823 6211 70 rarely rarely RB 34823 6211 71 reached reach VBN 34823 6211 72 . . . 34823 6212 1 It -PRON- PRP 34823 6212 2 is be VBZ 34823 6212 3 miscalculation miscalculation NN 34823 6212 4 , , , 34823 6212 5 maladjustment maladjustment NN 34823 6212 6 of of IN 34823 6212 7 costs cost NNS 34823 6212 8 and and CC 34823 6212 9 prices price NNS 34823 6212 10 in in IN 34823 6212 11 particular particular JJ 34823 6212 12 enterprises enterprise NNS 34823 6212 13 , , , 34823 6212 14 failure failure NN 34823 6212 15 of of IN 34823 6212 16 " " `` 34823 6212 17 interstitial interstitial JJ 34823 6212 18 adjustments adjustment NNS 34823 6212 19 , , , 34823 6212 20 " " `` 34823 6212 21 especially especially RB 34823 6212 22 failure failure NN 34823 6212 23 of of IN 34823 6212 24 particular particular JJ 34823 6212 25 crucial crucial JJ 34823 6212 26 links link NNS 34823 6212 27 in in IN 34823 6212 28 the the DT 34823 6212 29 business business NN 34823 6212 30 chain chain NN 34823 6212 31 , , , 34823 6212 32 as as IN 34823 6212 33 the the DT 34823 6212 34 businesses business NNS 34823 6212 35 engaged engage VBD 34823 6212 36 in in IN 34823 6212 37 producing produce VBG 34823 6212 38 iron iron NN 34823 6212 39 and and CC 34823 6212 40 steel steel NN 34823 6212 41 , , , 34823 6212 42 to to TO 34823 6212 43 respond respond VB 34823 6212 44 to to IN 34823 6212 45 the the DT 34823 6212 46 needs need NNS 34823 6212 47 of of IN 34823 6212 48 other other JJ 34823 6212 49 expanding expand VBG 34823 6212 50 businesses business NNS 34823 6212 51 , , , 34823 6212 52 that that WDT 34823 6212 53 check check VBP 34823 6212 54 movements movement NNS 34823 6212 55 of of IN 34823 6212 56 expansion expansion NN 34823 6212 57 in in IN 34823 6212 58 business business NN 34823 6212 59 , , , 34823 6212 60 not not RB 34823 6212 61 inadequacies inadequacy NNS 34823 6212 62 of of IN 34823 6212 63 bank bank NN 34823 6212 64 reserves reserve NNS 34823 6212 65 . . . 34823 6213 1 [ [ -LRB- 34823 6213 2 560 560 CD 34823 6213 3 ] ] -RRB- 34823 6213 4 As as RB 34823 6213 5 long long RB 34823 6213 6 as as IN 34823 6213 7 only only JJ 34823 6213 8 wise wise JJ 34823 6213 9 plans plan NNS 34823 6213 10 are be VBP 34823 6213 11 made make VBN 34823 6213 12 , , , 34823 6213 13 as as RB 34823 6213 14 long long RB 34823 6213 15 as as IN 34823 6213 16 they -PRON- PRP 34823 6213 17 meet meet VBP 34823 6213 18 no no DT 34823 6213 19 mishaps mishap NNS 34823 6213 20 , , , 34823 6213 21 as as RB 34823 6213 22 long long RB 34823 6213 23 as as IN 34823 6213 24 the the DT 34823 6213 25 carrying carrying NN 34823 6213 26 out out IN 34823 6213 27 of of IN 34823 6213 28 the the DT 34823 6213 29 new new JJ 34823 6213 30 plans plan NNS 34823 6213 31 does do VBZ 34823 6213 32 not not RB 34823 6213 33 itself -PRON- PRP 34823 6213 34 so so RB 34823 6213 35 change change VB 34823 6213 36 the the DT 34823 6213 37 facts fact NNS 34823 6213 38 on on IN 34823 6213 39 which which WDT 34823 6213 40 the the DT 34823 6213 41 calculations calculation NNS 34823 6213 42 of of IN 34823 6213 43 business business NN 34823 6213 44 men man NNS 34823 6213 45 have have VBP 34823 6213 46 been be VBN 34823 6213 47 based base VBN 34823 6213 48 as as IN 34823 6213 49 to to TO 34823 6213 50 cut cut VB 34823 6213 51 under under IN 34823 6213 52 anticipated anticipate VBN 34823 6213 53 profits profit NNS 34823 6213 54 , , , 34823 6213 55 so so RB 34823 6213 56 long long RB 34823 6213 57 may may MD 34823 6213 58 business business VB 34823 6213 59 , , , 34823 6213 60 within within IN 34823 6213 61 a a DT 34823 6213 62 given give VBN 34823 6213 63 country country NN 34823 6213 64 , , , 34823 6213 65 expand expand VB 34823 6213 66 without without IN 34823 6213 67 danger danger NN 34823 6213 68 from from IN 34823 6213 69 inadequate inadequate JJ 34823 6213 70 reserves reserve NNS 34823 6213 71 . . . 34823 6214 1 Of of RB 34823 6214 2 course course RB 34823 6214 3 , , , 34823 6214 4 if if IN 34823 6214 5 the the DT 34823 6214 6 whole whole JJ 34823 6214 7 world world NN 34823 6214 8 is be VBZ 34823 6214 9 simultaneously simultaneously RB 34823 6214 10 expanding expand VBG 34823 6214 11 , , , 34823 6214 12 the the DT 34823 6214 13 competition competition NN 34823 6214 14 for for IN 34823 6214 15 gold gold NN 34823 6214 16 in in IN 34823 6214 17 the the DT 34823 6214 18 international international JJ 34823 6214 19 money money NN 34823 6214 20 markets market NNS 34823 6214 21 may may MD 34823 6214 22 be be VB 34823 6214 23 so so RB 34823 6214 24 severe severe JJ 34823 6214 25 that that IN 34823 6214 26 all all DT 34823 6214 27 may may MD 34823 6214 28 be be VB 34823 6214 29 hampered hamper VBN 34823 6214 30 . . . 34823 6215 1 That that IN 34823 6215 2 reserves reserve NNS 34823 6215 3 will will MD 34823 6215 4 increase increase VB 34823 6215 5 , , , 34823 6215 6 as as IN 34823 6215 7 expanding expand VBG 34823 6215 8 credit credit NN 34823 6215 9 , , , 34823 6215 10 due due IN 34823 6215 11 to to IN 34823 6215 12 increasing increase VBG 34823 6215 13 business business NN 34823 6215 14 or or CC 34823 6215 15 rising rise VBG 34823 6215 16 prices price NNS 34823 6215 17 , , , 34823 6215 18 requires require VBZ 34823 6215 19 increased increase VBN 34823 6215 20 reserves reserve NNS 34823 6215 21 , , , 34823 6215 22 can can MD 34823 6215 23 hardly hardly RB 34823 6215 24 be be VB 34823 6215 25 disputed dispute VBN 34823 6215 26 , , , 34823 6215 27 I -PRON- PRP 34823 6215 28 think think VBP 34823 6215 29 , , , 34823 6215 30 if if IN 34823 6215 31 we -PRON- PRP 34823 6215 32 look look VBP 34823 6215 33 at at IN 34823 6215 34 a a DT 34823 6215 35 country country NN 34823 6215 36 of of IN 34823 6215 37 small small JJ 34823 6215 38 size size NN 34823 6215 39 , , , 34823 6215 40 or or CC 34823 6215 41 ( ( -LRB- 34823 6215 42 what what WP 34823 6215 43 is be VBZ 34823 6215 44 the the DT 34823 6215 45 same same JJ 34823 6215 46 thing thing NN 34823 6215 47 from from IN 34823 6215 48 the the DT 34823 6215 49 angle angle NN 34823 6215 50 of of IN 34823 6215 51 economic economic JJ 34823 6215 52 analysis analysis NN 34823 6215 53 , , , 34823 6215 54 so so RB 34823 6215 55 far far RB 34823 6215 56 as as IN 34823 6215 57 the the DT 34823 6215 58 present present JJ 34823 6215 59 problem problem NN 34823 6215 60 is be VBZ 34823 6215 61 concerned concerned JJ 34823 6215 62 ) ) -RRB- 34823 6215 63 if if IN 34823 6215 64 we -PRON- PRP 34823 6215 65 take take VBP 34823 6215 66 a a DT 34823 6215 67 particular particular JJ 34823 6215 68 part part NN 34823 6215 69 of of IN 34823 6215 70 a a DT 34823 6215 71 country country NN 34823 6215 72 . . . 34823 6216 1 Seasonal seasonal JJ 34823 6216 2 movements movement NNS 34823 6216 3 of of IN 34823 6216 4 cash cash NN 34823 6216 5 for for IN 34823 6216 6 reserves reserve NNS 34823 6216 7 in in IN 34823 6216 8 this this DT 34823 6216 9 country country NN 34823 6216 10 have have VBP 34823 6216 11 been be VBN 34823 6216 12 obviously obviously RB 34823 6216 13 determined determine VBN 34823 6216 14 by by IN 34823 6216 15 the the DT 34823 6216 16 movements movement NNS 34823 6216 17 of of IN 34823 6216 18 credit credit NN 34823 6216 19 , , , 34823 6216 20 rather rather RB 34823 6216 21 than than IN 34823 6216 22 the the DT 34823 6216 23 reverse reverse NN 34823 6216 24 . . . 34823 6217 1 Expanding expand VBG 34823 6217 2 business business NN 34823 6217 3 at at IN 34823 6217 4 crop crop NN 34823 6217 5 moving move VBG 34823 6217 6 seasons season NNS 34823 6217 7 , , , 34823 6217 8 requiring require VBG 34823 6217 9 advances advance NNS 34823 6217 10 of of IN 34823 6217 11 credit credit NN 34823 6217 12 by by IN 34823 6217 13 country country NN 34823 6217 14 banks bank NNS 34823 6217 15 , , , 34823 6217 16 and and CC 34823 6217 17 an an DT 34823 6217 18 unusual unusual JJ 34823 6217 19 drain drain NN 34823 6217 20 on on IN 34823 6217 21 the the DT 34823 6217 22 cash cash NN 34823 6217 23 resources resource NNS 34823 6217 24 of of IN 34823 6217 25 the the DT 34823 6217 26 country country NN 34823 6217 27 banks bank NNS 34823 6217 28 , , , 34823 6217 29 has have VBZ 34823 6217 30 regularly regularly RB 34823 6217 31 meant mean VBN 34823 6217 32 that that IN 34823 6217 33 the the DT 34823 6217 34 country country NN 34823 6217 35 banks bank NNS 34823 6217 36 draw draw VBP 34823 6217 37 cash cash NN 34823 6217 38 from from IN 34823 6217 39 the the DT 34823 6217 40 New New NNP 34823 6217 41 York York NNP 34823 6217 42 banks bank NNS 34823 6217 43 . . . 34823 6218 1 When when WRB 34823 6218 2 the the DT 34823 6218 3 need need NN 34823 6218 4 for for IN 34823 6218 5 such such JJ 34823 6218 6 cash cash NN 34823 6218 7 in in IN 34823 6218 8 the the DT 34823 6218 9 country country NN 34823 6218 10 banks bank NNS 34823 6218 11 passes pass VBZ 34823 6218 12 , , , 34823 6218 13 when when WRB 34823 6218 14 they -PRON- PRP 34823 6218 15 can can MD 34823 6218 16 no no RB 34823 6218 17 longer longer RB 34823 6218 18 employ employ VB 34823 6218 19 it -PRON- PRP 34823 6218 20 to to TO 34823 6218 21 advantage advantage VB 34823 6218 22 at at IN 34823 6218 23 home home NN 34823 6218 24 , , , 34823 6218 25 they -PRON- PRP 34823 6218 26 send send VBP 34823 6218 27 it -PRON- PRP 34823 6218 28 back back RB 34823 6218 29 to to IN 34823 6218 30 New New NNP 34823 6218 31 York York NNP 34823 6218 32 . . . 34823 6219 1 New New NNP 34823 6219 2 York York NNP 34823 6219 3 , , , 34823 6219 4 to to TO 34823 6219 5 meet meet VB 34823 6219 6 the the DT 34823 6219 7 emergency emergency NN 34823 6219 8 caused cause VBN 34823 6219 9 by by IN 34823 6219 10 the the DT 34823 6219 11 withdrawal withdrawal NN 34823 6219 12 of of IN 34823 6219 13 cash cash NN 34823 6219 14 , , , 34823 6219 15 draws draw VBZ 34823 6219 16 to to IN 34823 6219 17 a a DT 34823 6219 18 considerable considerable JJ 34823 6219 19 extent extent NN 34823 6219 20 on on IN 34823 6219 21 Europe Europe NNP 34823 6219 22 for for IN 34823 6219 23 gold gold NN 34823 6219 24 . . . 34823 6220 1 It -PRON- PRP 34823 6220 2 is be VBZ 34823 6220 3 not not RB 34823 6220 4 as as RB 34823 6220 5 easy easy JJ 34823 6220 6 for for IN 34823 6220 7 New New NNP 34823 6220 8 York York NNP 34823 6220 9 to to TO 34823 6220 10 get get VB 34823 6220 11 gold gold NN 34823 6220 12 quickly quickly RB 34823 6220 13 from from IN 34823 6220 14 Europe Europe NNP 34823 6220 15 as as IN 34823 6220 16 it -PRON- PRP 34823 6220 17 is be VBZ 34823 6220 18 for for IN 34823 6220 19 France France NNP 34823 6220 20 to to TO 34823 6220 21 get get VB 34823 6220 22 gold gold NN 34823 6220 23 in in IN 34823 6220 24 an an DT 34823 6220 25 emergency emergency NN 34823 6220 26 from from IN 34823 6220 27 England England NNP 34823 6220 28 . . . 34823 6221 1 More More JJR 34823 6221 2 time time NN 34823 6221 3 is be VBZ 34823 6221 4 required require VBN 34823 6221 5 . . . 34823 6222 1 Inelasticity inelasticity NN 34823 6222 2 , , , 34823 6222 3 too too RB 34823 6222 4 , , , 34823 6222 5 in in IN 34823 6222 6 the the DT 34823 6222 7 forms form NNS 34823 6222 8 of of IN 34823 6222 9 currency currency NN 34823 6222 10 most most RBS 34823 6222 11 needed need VBN 34823 6222 12 for for IN 34823 6222 13 small small JJ 34823 6222 14 transactions transaction NNS 34823 6222 15 , , , 34823 6222 16 has have VBZ 34823 6222 17 made make VBN 34823 6222 18 very very RB 34823 6222 19 real real JJ 34823 6222 20 difficulties difficulty NNS 34823 6222 21 for for IN 34823 6222 22 us -PRON- PRP 34823 6222 23 . . . 34823 6223 1 But but CC 34823 6223 2 that that IN 34823 6223 3 , , , 34823 6223 4 within within IN 34823 6223 5 the the DT 34823 6223 6 country country NN 34823 6223 7 , , , 34823 6223 8 the the DT 34823 6223 9 sections section NNS 34823 6223 10 whose whose WP$ 34823 6223 11 business business NN 34823 6223 12 and and CC 34823 6223 13 credit credit NN 34823 6223 14 were be VBD 34823 6223 15 expanding expand VBG 34823 6223 16 take take VB 34823 6223 17 cash cash NN 34823 6223 18 reserves reserve NNS 34823 6223 19 from from IN 34823 6223 20 those those DT 34823 6223 21 sections section NNS 34823 6223 22 where where WRB 34823 6223 23 credit credit NN 34823 6223 24 is be VBZ 34823 6223 25 less less RBR 34823 6223 26 urgently urgently RB 34823 6223 27 demanded demand VBN 34823 6223 28 , , , 34823 6223 29 needs need VBZ 34823 6223 30 no no DT 34823 6223 31 debating debating NN 34823 6223 32 . . . 34823 6224 1 This this DT 34823 6224 2 is be VBZ 34823 6224 3 seasonal seasonal JJ 34823 6224 4 . . . 34823 6225 1 But but CC 34823 6225 2 the the DT 34823 6225 3 same same JJ 34823 6225 4 thing thing NN 34823 6225 5 is be VBZ 34823 6225 6 true true JJ 34823 6225 7 in in IN 34823 6225 8 the the DT 34823 6225 9 long long JJ 34823 6225 10 run run NN 34823 6225 11 . . . 34823 6226 1 As as IN 34823 6226 2 business business NN 34823 6226 3 and and CC 34823 6226 4 bank bank NN 34823 6226 5 - - HYPH 34823 6226 6 credit credit NN 34823 6226 7 have have VBP 34823 6226 8 expanded expand VBN 34823 6226 9 , , , 34823 6226 10 year year NN 34823 6226 11 by by IN 34823 6226 12 year year NN 34823 6226 13 , , , 34823 6226 14 in in IN 34823 6226 15 Oklahoma Oklahoma NNP 34823 6226 16 , , , 34823 6226 17 Oklahoma Oklahoma NNP 34823 6226 18 's 's POS 34823 6226 19 cash cash NN 34823 6226 20 reserves reserve NNS 34823 6226 21 have have VBP 34823 6226 22 grown grow VBN 34823 6226 23 . . . 34823 6227 1 Bank bank NN 34823 6227 2 - - HYPH 34823 6227 3 credit credit NN 34823 6227 4 in in IN 34823 6227 5 a a DT 34823 6227 6 country country NN 34823 6227 7 can can MD 34823 6227 8 not not RB 34823 6227 9 go go VB 34823 6227 10 on on RP 34823 6227 11 indefinitely indefinitely RB 34823 6227 12 mounting mount VBG 34823 6227 13 , , , 34823 6227 14 if if IN 34823 6227 15 bankers banker NNS 34823 6227 16 are be VBP 34823 6227 17 making make VBG 34823 6227 18 unsound unsound JJ 34823 6227 19 loans loan NNS 34823 6227 20 , , , 34823 6227 21 if if IN 34823 6227 22 the the DT 34823 6227 23 values value NNS 34823 6227 24 on on IN 34823 6227 25 which which WDT 34823 6227 26 the the DT 34823 6227 27 loans loan NNS 34823 6227 28 rest rest NN 34823 6227 29 are be VBP 34823 6227 30 based base VBN 34823 6227 31 on on IN 34823 6227 32 vain vain JJ 34823 6227 33 imaginings imagining NNS 34823 6227 34 , , , 34823 6227 35 if if IN 34823 6227 36 anticipated anticipated JJ 34823 6227 37 profits profit NNS 34823 6227 38 are be VBP 34823 6227 39 not not RB 34823 6227 40 realized realize VBN 34823 6227 41 . . . 34823 6228 1 But but CC 34823 6228 2 if if IN 34823 6228 3 a a DT 34823 6228 4 country country NN 34823 6228 5 have have VBP 34823 6228 6 rich rich JJ 34823 6228 7 resources resource NNS 34823 6228 8 and and CC 34823 6228 9 intelligent intelligent JJ 34823 6228 10 entrepreneurs entrepreneur NNS 34823 6228 11 , , , 34823 6228 12 with with IN 34823 6228 13 sagacious sagacious JJ 34823 6228 14 bankers banker NNS 34823 6228 15 who who WP 34823 6228 16 can can MD 34823 6228 17 discriminate discriminate VB 34823 6228 18 between between IN 34823 6228 19 sound sound JJ 34823 6228 20 and and CC 34823 6228 21 unsound unsound JJ 34823 6228 22 business business NN 34823 6228 23 , , , 34823 6228 24 it -PRON- PRP 34823 6228 25 may may MD 34823 6228 26 , , , 34823 6228 27 within within IN 34823 6228 28 very very RB 34823 6228 29 wide wide JJ 34823 6228 30 limits limit NNS 34823 6228 31 indeed indeed RB 34823 6228 32 , , , 34823 6228 33 expand expand VB 34823 6228 34 its -PRON- PRP$ 34823 6228 35 bank bank NN 34823 6228 36 - - HYPH 34823 6228 37 credit credit NN 34823 6228 38 without without IN 34823 6228 39 check check NN 34823 6228 40 from from IN 34823 6228 41 inadequate inadequate JJ 34823 6228 42 reserves reserve NNS 34823 6228 43 , , , 34823 6228 44 as as IN 34823 6228 45 its -PRON- PRP$ 34823 6228 46 business business NN 34823 6228 47 expands expand VBZ 34823 6228 48 , , , 34823 6228 49 and and CC 34823 6228 50 as as IN 34823 6228 51 prices price NNS 34823 6228 52 , , , 34823 6228 53 particularly particularly RB 34823 6228 54 prices price NNS 34823 6228 55 of of IN 34823 6228 56 lands land NNS 34823 6228 57 and and CC 34823 6228 58 securities security NNS 34823 6228 59 , , , 34823 6228 60 rise rise VBP 34823 6228 61 . . . 34823 6229 1 [ [ -LRB- 34823 6229 2 561 561 CD 34823 6229 3 ] ] -RRB- 34823 6229 4 If if IN 34823 6229 5 the the DT 34823 6229 6 country country NN 34823 6229 7 in in IN 34823 6229 8 question question NN 34823 6229 9 be be VB 34823 6229 10 a a DT 34823 6229 11 very very RB 34823 6229 12 large large JJ 34823 6229 13 country country NN 34823 6229 14 , , , 34823 6229 15 however,--large however,--large JJ 34823 6229 16 in in IN 34823 6229 17 the the DT 34823 6229 18 sense sense NN 34823 6229 19 that that IN 34823 6229 20 its -PRON- PRP$ 34823 6229 21 business business NN 34823 6229 22 and and CC 34823 6229 23 volume volume NN 34823 6229 24 of of IN 34823 6229 25 bank bank NN 34823 6229 26 - - HYPH 34823 6229 27 credit credit NN 34823 6229 28 are be VBP 34823 6229 29 very very RB 34823 6229 30 large large JJ 34823 6229 31 , , , 34823 6229 32 and and CC 34823 6229 33 particularly particularly RB 34823 6229 34 in in IN 34823 6229 35 the the DT 34823 6229 36 sense sense NN 34823 6229 37 that that IN 34823 6229 38 bankers banker NNS 34823 6229 39 ' ' POS 34823 6229 40 assets asset NNS 34823 6229 41 are be VBP 34823 6229 42 of of IN 34823 6229 43 such such JJ 34823 6229 44 character character NN 34823 6229 45 that that IN 34823 6229 46 a a DT 34823 6229 47 large large JJ 34823 6229 48 volume volume NN 34823 6229 49 of of IN 34823 6229 50 reserves reserve NNS 34823 6229 51 is be VBZ 34823 6229 52 desirable desirable JJ 34823 6229 53 -- -- : 34823 6229 54 restraints restraint NNS 34823 6229 55 on on IN 34823 6229 56 the the DT 34823 6229 57 process process NN 34823 6229 58 of of IN 34823 6229 59 expansion expansion NN 34823 6229 60 may may MD 34823 6229 61 come come VB 34823 6229 62 . . . 34823 6230 1 Reserves reserve NNS 34823 6230 2 will will MD 34823 6230 3 come come VB 34823 6230 4 in in RP 34823 6230 5 , , , 34823 6230 6 but but CC 34823 6230 7 the the DT 34823 6230 8 resistance resistance NN 34823 6230 9 in in IN 34823 6230 10 stiffer stiff JJR 34823 6230 11 money money NN 34823 6230 12 - - HYPH 34823 6230 13 rates rate NNS 34823 6230 14 will will MD 34823 6230 15 be be VB 34823 6230 16 felt feel VBN 34823 6230 17 . . . 34823 6231 1 Bankers banker NNS 34823 6231 2 in in IN 34823 6231 3 other other JJ 34823 6231 4 countries country NNS 34823 6231 5 will will MD 34823 6231 6 compete compete VB 34823 6231 7 with with IN 34823 6231 8 the the DT 34823 6231 9 bankers banker NNS 34823 6231 10 in in IN 34823 6231 11 the the DT 34823 6231 12 country country NN 34823 6231 13 in in IN 34823 6231 14 question question NN 34823 6231 15 for for IN 34823 6231 16 reserves reserve NNS 34823 6231 17 . . . 34823 6232 1 Rising rise VBG 34823 6232 2 money money NN 34823 6232 3 - - HYPH 34823 6232 4 rates rate NNS 34823 6232 5 will will MD 34823 6232 6 put put VB 34823 6232 7 an an DT 34823 6232 8 end end NN 34823 6232 9 to to IN 34823 6232 10 many many JJ 34823 6232 11 marginal marginal JJ 34823 6232 12 exchanges exchange NNS 34823 6232 13 . . . 34823 6233 1 They -PRON- PRP 34823 6233 2 will will MD 34823 6233 3 lessen lessen VB 34823 6233 4 the the DT 34823 6233 5 saleability saleability NN 34823 6233 6 of of IN 34823 6233 7 many many JJ 34823 6233 8 rights right NNS 34823 6233 9 which which WDT 34823 6233 10 might may MD 34823 6233 11 otherwise otherwise RB 34823 6233 12 be be VB 34823 6233 13 available available JJ 34823 6233 14 as as IN 34823 6233 15 banking banking NN 34823 6233 16 collateral collateral NN 34823 6233 17 . . . 34823 6234 1 The the DT 34823 6234 2 extension extension NN 34823 6234 3 of of IN 34823 6234 4 bank bank NN 34823 6234 5 - - HYPH 34823 6234 6 credit credit NN 34823 6234 7 will will MD 34823 6234 8 feel feel VB 34823 6234 9 a a DT 34823 6234 10 drag drag NN 34823 6234 11 . . . 34823 6235 1 There there EX 34823 6235 2 is be VBZ 34823 6235 3 large large JJ 34823 6235 4 flexibility flexibility NN 34823 6235 5 here here RB 34823 6235 6 . . . 34823 6236 1 But but CC 34823 6236 2 , , , 34823 6236 3 in in IN 34823 6236 4 a a DT 34823 6236 5 long long JJ 34823 6236 6 run run NN 34823 6236 7 period period NN 34823 6236 8 of of IN 34823 6236 9 many many JJ 34823 6236 10 years year NNS 34823 6236 11 , , , 34823 6236 12 the the DT 34823 6236 13 volume volume NN 34823 6236 14 of of IN 34823 6236 15 gold gold NN 34823 6236 16 in in IN 34823 6236 17 the the DT 34823 6236 18 world world NN 34823 6236 19 will will MD 34823 6236 20 impose impose VB 34823 6236 21 a a DT 34823 6236 22 maximum maximum JJ 34823 6236 23 limit limit NN 34823 6236 24 upon upon IN 34823 6236 25 the the DT 34823 6236 26 possibility possibility NN 34823 6236 27 of of IN 34823 6236 28 expansion expansion NN 34823 6236 29 of of IN 34823 6236 30 bank bank NN 34823 6236 31 - - HYPH 34823 6236 32 credit credit NN 34823 6236 33 in in IN 34823 6236 34 the the DT 34823 6236 35 world world NN 34823 6236 36 as as IN 34823 6236 37 a a DT 34823 6236 38 whole whole NN 34823 6236 39 . . . 34823 6237 1 This this DT 34823 6237 2 limit limit NN 34823 6237 3 is be VBZ 34823 6237 4 doubtless doubtless RB 34823 6237 5 never never RB 34823 6237 6 reached reach VBN 34823 6237 7 . . . 34823 6238 1 Within within IN 34823 6238 2 the the DT 34823 6238 3 limit limit NN 34823 6238 4 , , , 34823 6238 5 the the DT 34823 6238 6 variations variation NNS 34823 6238 7 in in IN 34823 6238 8 the the DT 34823 6238 9 volume volume NN 34823 6238 10 of of IN 34823 6238 11 the the DT 34823 6238 12 world world NN 34823 6238 13 's 's POS 34823 6238 14 credit credit NN 34823 6238 15 are be VBP 34823 6238 16 primarily primarily RB 34823 6238 17 determined determine VBN 34823 6238 18 by by IN 34823 6238 19 the the DT 34823 6238 20 other other JJ 34823 6238 21 concrete concrete JJ 34823 6238 22 factors factor NNS 34823 6238 23 we -PRON- PRP 34823 6238 24 have have VBP 34823 6238 25 been be VBN 34823 6238 26 discussing discuss VBG 34823 6238 27 . . . 34823 6239 1 Proportionality proportionality NN 34823 6239 2 between between IN 34823 6239 3 the the DT 34823 6239 4 world world NN 34823 6239 5 's 's POS 34823 6239 6 gold gold NN 34823 6239 7 and and CC 34823 6239 8 the the DT 34823 6239 9 world world NN 34823 6239 10 's 's POS 34823 6239 11 volume volume NN 34823 6239 12 of of IN 34823 6239 13 credit credit NN 34823 6239 14 does do VBZ 34823 6239 15 not not RB 34823 6239 16 at at RB 34823 6239 17 all all RB 34823 6239 18 obtain obtain VB 34823 6239 19 . . . 34823 6240 1 Under under IN 34823 6240 2 certain certain JJ 34823 6240 3 conditions condition NNS 34823 6240 4 , , , 34823 6240 5 much much RB 34823 6240 6 higher high JJR 34823 6240 7 proportions proportion NNS 34823 6240 8 of of IN 34823 6240 9 reserves reserve NNS 34823 6240 10 to to IN 34823 6240 11 bank bank NN 34823 6240 12 - - HYPH 34823 6240 13 credit credit NN 34823 6240 14 will will MD 34823 6240 15 be be VB 34823 6240 16 found find VBN 34823 6240 17 in in IN 34823 6240 18 a a DT 34823 6240 19 given give VBN 34823 6240 20 country country NN 34823 6240 21 than than IN 34823 6240 22 at at IN 34823 6240 23 other other JJ 34823 6240 24 times time NNS 34823 6240 25 , , , 34823 6240 26 and and CC 34823 6240 27 the the DT 34823 6240 28 same same JJ 34823 6240 29 will will MD 34823 6240 30 be be VB 34823 6240 31 true true JJ 34823 6240 32 in in IN 34823 6240 33 the the DT 34823 6240 34 world world NN 34823 6240 35 at at IN 34823 6240 36 large large JJ 34823 6240 37 . . . 34823 6241 1 I -PRON- PRP 34823 6241 2 would would MD 34823 6241 3 refer refer VB 34823 6241 4 again again RB 34823 6241 5 to to IN 34823 6241 6 the the DT 34823 6241 7 discussion discussion NN 34823 6241 8 by by IN 34823 6241 9 J. J. NNP 34823 6241 10 M. M. NNP 34823 6241 11 Keynes Keynes NNP 34823 6241 12 , , , 34823 6241 13 quoted quote VBN 34823 6241 14 in in IN 34823 6241 15 Part Part NNP 34823 6241 16 II II NNP 34823 6241 17 . . . 34823 6242 1 [ [ -LRB- 34823 6242 2 562 562 CD 34823 6242 3 ] ] -RRB- 34823 6242 4 Reserves reserve NNS 34823 6242 5 have have VBP 34823 6242 6 absorbed absorb VBN 34823 6242 7 enormous enormous JJ 34823 6242 8 quantities quantity NNS 34823 6242 9 of of IN 34823 6242 10 gold gold NN 34823 6242 11 , , , 34823 6242 12 easily easily RB 34823 6242 13 obtained obtain VBN 34823 6242 14 as as IN 34823 6242 15 a a DT 34823 6242 16 consequence consequence NN 34823 6242 17 of of IN 34823 6242 18 abundant abundant JJ 34823 6242 19 gold gold NN 34823 6242 20 production production NN 34823 6242 21 , , , 34823 6242 22 in in IN 34823 6242 23 the the DT 34823 6242 24 past past JJ 34823 6242 25 fifteen fifteen CD 34823 6242 26 years year NNS 34823 6242 27 . . . 34823 6243 1 Proportions proportion NNS 34823 6243 2 of of IN 34823 6243 3 gold gold NN 34823 6243 4 reserves reserve NNS 34823 6243 5 to to IN 34823 6243 6 bank bank NN 34823 6243 7 - - HYPH 34823 6243 8 credit credit NN 34823 6243 9 have have VBP 34823 6243 10 grown grow VBN 34823 6243 11 . . . 34823 6244 1 In in IN 34823 6244 2 the the DT 34823 6244 3 preceding precede VBG 34823 6244 4 period period NN 34823 6244 5 , , , 34823 6244 6 when when WRB 34823 6244 7 gold gold NN 34823 6244 8 production production NN 34823 6244 9 went go VBD 34823 6244 10 on on RP 34823 6244 11 less less RBR 34823 6244 12 rapidly rapidly RB 34823 6244 13 than than IN 34823 6244 14 business business NN 34823 6244 15 development development NN 34823 6244 16 , , , 34823 6244 17 percentages percentage NNS 34823 6244 18 of of IN 34823 6244 19 reserves reserve NNS 34823 6244 20 were be VBD 34823 6244 21 lower low JJR 34823 6244 22 . . . 34823 6245 1 Most Most JJS 34823 6245 2 bankers banker NNS 34823 6245 3 feel feel VBP 34823 6245 4 better well JJR 34823 6245 5 with with IN 34823 6245 6 large large JJ 34823 6245 7 reserves reserve NNS 34823 6245 8 . . . 34823 6246 1 When when WRB 34823 6246 2 they -PRON- PRP 34823 6246 3 can can MD 34823 6246 4 get get VB 34823 6246 5 gold gold NN 34823 6246 6 , , , 34823 6246 7 they -PRON- PRP 34823 6246 8 prefer prefer VBP 34823 6246 9 gold gold NN 34823 6246 10 to to IN 34823 6246 11 other other JJ 34823 6246 12 substitutes substitute NNS 34823 6246 13 . . . 34823 6247 1 When when WRB 34823 6247 2 they -PRON- PRP 34823 6247 3 can can MD 34823 6247 4 not not RB 34823 6247 5 easily easily RB 34823 6247 6 get get VB 34823 6247 7 gold gold NN 34823 6247 8 , , , 34823 6247 9 they -PRON- PRP 34823 6247 10 use use VBP 34823 6247 11 other other JJ 34823 6247 12 substitutes substitute NNS 34823 6247 13 , , , 34823 6247 14 of of IN 34823 6247 15 the the DT 34823 6247 16 various various JJ 34823 6247 17 kinds kind NNS 34823 6247 18 of of IN 34823 6247 19 paper paper NN 34823 6247 20 , , , 34823 6247 21 particularly particularly RB 34823 6247 22 , , , 34823 6247 23 which which WDT 34823 6247 24 have have VBP 34823 6247 25 been be VBN 34823 6247 26 described describe VBN 34823 6247 27 . . . 34823 6248 1 Gold gold NN 34823 6248 2 differs differ NNS 34823 6248 3 from from IN 34823 6248 4 other other JJ 34823 6248 5 things thing NNS 34823 6248 6 , , , 34823 6248 7 in in IN 34823 6248 8 bankers banker NNS 34823 6248 9 ' ' POS 34823 6248 10 assets asset NNS 34823 6248 11 , , , 34823 6248 12 in in IN 34823 6248 13 degree degree NN 34823 6248 14 , , , 34823 6248 15 rather rather RB 34823 6248 16 than than IN 34823 6248 17 in in IN 34823 6248 18 kind kind NN 34823 6248 19 . . . 34823 6249 1 Instead instead RB 34823 6249 2 , , , 34823 6249 3 therefore therefore RB 34823 6249 4 , , , 34823 6249 5 of of IN 34823 6249 6 the the DT 34823 6249 7 law law NN 34823 6249 8 of of IN 34823 6249 9 the the DT 34823 6249 10 proportionality proportionality NN 34823 6249 11 of of IN 34823 6249 12 reserves reserve NNS 34823 6249 13 to to IN 34823 6249 14 volume volume NN 34823 6249 15 of of IN 34823 6249 16 bank bank NN 34823 6249 17 - - HYPH 34823 6249 18 credit credit NN 34823 6249 19 , , , 34823 6249 20 I -PRON- PRP 34823 6249 21 venture venture VBP 34823 6249 22 the the DT 34823 6249 23 generalization[563 generalization[563 NN 34823 6249 24 ] ] -RRB- 34823 6249 25 that that IN 34823 6249 26 , , , 34823 6249 27 as as IN 34823 6249 28 gold gold JJ 34823 6249 29 production production NN 34823 6249 30 increases increase VBZ 34823 6249 31 rapidly rapidly RB 34823 6249 32 , , , 34823 6249 33 the the DT 34823 6249 34 tendency tendency NN 34823 6249 35 is be VBZ 34823 6249 36 for for IN 34823 6249 37 the the DT 34823 6249 38 proportion proportion NN 34823 6249 39 of of IN 34823 6249 40 gold gold JJ 34823 6249 41 reserves reserve NNS 34823 6249 42 to to IN 34823 6249 43 volume volume NN 34823 6249 44 of of IN 34823 6249 45 bank bank NN 34823 6249 46 - - HYPH 34823 6249 47 credit credit NN 34823 6249 48 to to TO 34823 6249 49 rise rise VB 34823 6249 50 ; ; : 34823 6249 51 with with IN 34823 6249 52 diminished diminished JJ 34823 6249 53 gold gold NN 34823 6249 54 production production NN 34823 6249 55 , , , 34823 6249 56 the the DT 34823 6249 57 tendency tendency NN 34823 6249 58 is be VBZ 34823 6249 59 for for IN 34823 6249 60 the the DT 34823 6249 61 proportion proportion NN 34823 6249 62 of of IN 34823 6249 63 reserves reserve NNS 34823 6249 64 to to TO 34823 6249 65 fall fall VB 34823 6249 66 , , , 34823 6249 67 assuming assume VBG 34823 6249 68 that that IN 34823 6249 69 the the DT 34823 6249 70 factors factor NNS 34823 6249 71 other other JJ 34823 6249 72 than than IN 34823 6249 73 volume volume NN 34823 6249 74 of of IN 34823 6249 75 gold gold NN 34823 6249 76 production production NN 34823 6249 77 which which WDT 34823 6249 78 make make VBP 34823 6249 79 for for IN 34823 6249 80 expansion expansion NN 34823 6249 81 of of IN 34823 6249 82 business business NN 34823 6249 83 maintain maintain VBP 34823 6249 84 themselves -PRON- PRP 34823 6249 85 . . . 34823 6250 1 Increasing increase VBG 34823 6250 2 volume volume NN 34823 6250 3 of of IN 34823 6250 4 gold gold NN 34823 6250 5 tends tend VBZ 34823 6250 6 to to TO 34823 6250 7 increase increase VB 34823 6250 8 the the DT 34823 6250 9 volume volume NN 34823 6250 10 of of IN 34823 6250 11 trade trade NN 34823 6250 12 . . . 34823 6251 1 But but CC 34823 6251 2 there there EX 34823 6251 3 are be VBP 34823 6251 4 other other JJ 34823 6251 5 causes cause NNS 34823 6251 6 for for IN 34823 6251 7 the the DT 34823 6251 8 increase increase NN 34823 6251 9 or or CC 34823 6251 10 decrease decrease NN 34823 6251 11 of of IN 34823 6251 12 trade trade NN 34823 6251 13 as as RB 34823 6251 14 well well RB 34823 6251 15 . . . 34823 6252 1 These these DT 34823 6252 2 causes cause NNS 34823 6252 3 , , , 34823 6252 4 working work VBG 34823 6252 5 in in IN 34823 6252 6 harmony harmony NN 34823 6252 7 with with IN 34823 6252 8 rapidly rapidly RB 34823 6252 9 expanding expand VBG 34823 6252 10 volume volume NN 34823 6252 11 of of IN 34823 6252 12 gold gold NN 34823 6252 13 , , , 34823 6252 14 lead lead VBP 34823 6252 15 to to IN 34823 6252 16 a a DT 34823 6252 17 very very RB 34823 6252 18 rapid rapid JJ 34823 6252 19 growth growth NN 34823 6252 20 of of IN 34823 6252 21 trade trade NN 34823 6252 22 . . . 34823 6253 1 [ [ -LRB- 34823 6253 2 564 564 CD 34823 6253 3 ] ] -RRB- 34823 6253 4 Working work VBG 34823 6253 5 in in IN 34823 6253 6 the the DT 34823 6253 7 face face NN 34823 6253 8 of of IN 34823 6253 9 a a DT 34823 6253 10 drag drag NN 34823 6253 11 from from IN 34823 6253 12 less less RBR 34823 6253 13 rapidly rapidly RB 34823 6253 14 growing grow VBG 34823 6253 15 gold gold NN 34823 6253 16 supply supply NN 34823 6253 17 , , , 34823 6253 18 they -PRON- PRP 34823 6253 19 strain strain VBP 34823 6253 20 the the DT 34823 6253 21 possibilities possibility NNS 34823 6253 22 of of IN 34823 6253 23 bank bank NN 34823 6253 24 - - HYPH 34823 6253 25 credit credit NN 34823 6253 26 expansion expansion NN 34823 6253 27 . . . 34823 6254 1 Various various JJ 34823 6254 2 substitutes substitute NNS 34823 6254 3 for for IN 34823 6254 4 gold gold NN 34823 6254 5 in in IN 34823 6254 6 bank bank NN 34823 6254 7 reserves reserve NNS 34823 6254 8 are be VBP 34823 6254 9 employed employ VBN 34823 6254 10 . . . 34823 6255 1 Substitutes substitute NNS 34823 6255 2 in in IN 34823 6255 3 the the DT 34823 6255 4 form form NN 34823 6255 5 of of IN 34823 6255 6 other other JJ 34823 6255 7 forms form NNS 34823 6255 8 of of IN 34823 6255 9 credit credit NN 34823 6255 10 are be VBP 34823 6255 11 employed employ VBN 34823 6255 12 . . . 34823 6256 1 Barter barter NN 34823 6256 2 is be VBZ 34823 6256 3 resorted resort VBN 34823 6256 4 to to IN 34823 6256 5 increasingly increasingly RB 34823 6256 6 . . . 34823 6257 1 Methods method NNS 34823 6257 2 of of IN 34823 6257 3 employing employ VBG 34823 6257 4 other other JJ 34823 6257 5 things thing NNS 34823 6257 6 than than IN 34823 6257 7 gold gold NN 34823 6257 8 in in IN 34823 6257 9 the the DT 34823 6257 10 retail retail JJ 34823 6257 11 trade trade NN 34823 6257 12 of of IN 34823 6257 13 a a DT 34823 6257 14 country country NN 34823 6257 15 are be VBP 34823 6257 16 resorted resorted JJ 34823 6257 17 to to IN 34823 6257 18 . . . 34823 6258 1 " " `` 34823 6258 2 Gold gold NN 34823 6258 3 - - HYPH 34823 6258 4 exchange exchange NN 34823 6258 5 " " '' 34823 6258 6 standards standard NNS 34823 6258 7 are be VBP 34823 6258 8 devised devise VBN 34823 6258 9 . . . 34823 6259 1 Countries country NNS 34823 6259 2 " " `` 34823 6259 3 wait wait VBP 34823 6259 4 their -PRON- PRP$ 34823 6259 5 turns turn NNS 34823 6259 6 " " '' 34823 6259 7 to to TO 34823 6259 8 come come VB 34823 6259 9 on on IN 34823 6259 10 the the DT 34823 6259 11 gold gold JJ 34823 6259 12 standard standard NN 34823 6259 13 . . . 34823 6260 1 Coöperation coöperation NN 34823 6260 2 , , , 34823 6260 3 not not RB 34823 6260 4 only only RB 34823 6260 5 within within IN 34823 6260 6 countries country NNS 34823 6260 7 , , , 34823 6260 8 but but CC 34823 6260 9 among among IN 34823 6260 10 countries country NNS 34823 6260 11 , , , 34823 6260 12 seeks seek VBZ 34823 6260 13 to to TO 34823 6260 14 economize economize VB 34823 6260 15 the the DT 34823 6260 16 scanty scanty NN 34823 6260 17 stock stock NN 34823 6260 18 of of IN 34823 6260 19 the the DT 34823 6260 20 precious precious JJ 34823 6260 21 metal metal NN 34823 6260 22 . . . 34823 6261 1 Very very RB 34823 6261 2 large large JJ 34823 6261 3 slack slack NN 34823 6261 4 is be VBZ 34823 6261 5 thus thus RB 34823 6261 6 revealed reveal VBN 34823 6261 7 . . . 34823 6262 1 But but CC 34823 6262 2 the the DT 34823 6262 3 expansion expansion NN 34823 6262 4 of of IN 34823 6262 5 business business NN 34823 6262 6 is be VBZ 34823 6262 7 checked check VBN 34823 6262 8 , , , 34823 6262 9 the the DT 34823 6262 10 volume volume NN 34823 6262 11 of of IN 34823 6262 12 business business NN 34823 6262 13 confidence confidence NN 34823 6262 14 is be VBZ 34823 6262 15 reduced reduce VBN 34823 6262 16 , , , 34823 6262 17 the the DT 34823 6262 18 values value NNS 34823 6262 19 of of IN 34823 6262 20 future future JJ 34823 6262 21 incomes income NNS 34823 6262 22 in in IN 34823 6262 23 enterprises enterprise NNS 34823 6262 24 is be VBZ 34823 6262 25 lowered lower VBN 34823 6262 26 , , , 34823 6262 27 production production NN 34823 6262 28 is be VBZ 34823 6262 29 checked check VBN 34823 6262 30 , , , 34823 6262 31 and and CC 34823 6262 32 prices price NNS 34823 6262 33 are be VBP 34823 6262 34 reduced reduce VBN 34823 6262 35 , , , 34823 6262 36 ( ( -LRB- 34823 6262 37 a a LS 34823 6262 38 ) ) -RRB- 34823 6262 39 because because IN 34823 6262 40 the the DT 34823 6262 41 value value NN 34823 6262 42 of of IN 34823 6262 43 money money NN 34823 6262 44 rises rise VBZ 34823 6262 45 ; ; : 34823 6262 46 and and CC 34823 6262 47 ( ( -LRB- 34823 6262 48 b b NN 34823 6262 49 ) ) -RRB- 34823 6262 50 because because IN 34823 6262 51 the the DT 34823 6262 52 values value NNS 34823 6262 53 of of IN 34823 6262 54 goods good NNS 34823 6262 55 and and CC 34823 6262 56 income income NN 34823 6262 57 - - HYPH 34823 6262 58 bearers bearer NNS 34823 6262 59 is be VBZ 34823 6262 60 reduced reduce VBN 34823 6262 61 . . . 34823 6263 1 The the DT 34823 6263 2 exchange exchange NN 34823 6263 3 side side NN 34823 6263 4 of of IN 34823 6263 5 production production NN 34823 6263 6 is be VBZ 34823 6263 7 hampered hamper VBN 34823 6263 8 . . . 34823 6264 1 Substitutes substitute NNS 34823 6264 2 for for IN 34823 6264 3 gold gold NN 34823 6264 4 , , , 34823 6264 5 through through IN 34823 6264 6 increased increase VBN 34823 6264 7 activities activity NNS 34823 6264 8 of of IN 34823 6264 9 bankers banker NNS 34823 6264 10 and and CC 34823 6264 11 other other JJ 34823 6264 12 agents agent NNS 34823 6264 13 of of IN 34823 6264 14 exchange exchange NN 34823 6264 15 , , , 34823 6264 16 are be VBP 34823 6264 17 costly costly JJ 34823 6264 18 . . . 34823 6265 1 Greater great JJR 34823 6265 2 tolls toll NNS 34823 6265 3 on on IN 34823 6265 4 values value NNS 34823 6265 5 are be VBP 34823 6265 6 taken take VBN 34823 6265 7 by by IN 34823 6265 8 those those DT 34823 6265 9 who who WP 34823 6265 10 handle handle VBP 34823 6265 11 the the DT 34823 6265 12 mechanism mechanism NN 34823 6265 13 of of IN 34823 6265 14 exchange exchange NN 34823 6265 15 . . . 34823 6266 1 It -PRON- PRP 34823 6266 2 does do VBZ 34823 6266 3 make make VB 34823 6266 4 a a DT 34823 6266 5 difference difference NN 34823 6266 6 whether whether IN 34823 6266 7 or or CC 34823 6266 8 not not RB 34823 6266 9 the the DT 34823 6266 10 world world NN 34823 6266 11 's 's POS 34823 6266 12 gold gold NN 34823 6266 13 is be VBZ 34823 6266 14 abundant abundant JJ 34823 6266 15 ! ! . 34823 6267 1 But but CC 34823 6267 2 the the DT 34823 6267 3 difference difference NN 34823 6267 4 is be VBZ 34823 6267 5 not not RB 34823 6267 6 made make VBN 34823 6267 7 solely solely RB 34823 6267 8 , , , 34823 6267 9 or or CC 34823 6267 10 even even RB 34823 6267 11 mainly mainly RB 34823 6267 12 , , , 34823 6267 13 in in IN 34823 6267 14 the the DT 34823 6267 15 price price NN 34823 6267 16 - - HYPH 34823 6267 17 level level NN 34823 6267 18 . . . 34823 6268 1 [ [ -LRB- 34823 6268 2 565 565 CD 34823 6268 3 ] ] -RRB- 34823 6268 4 The the DT 34823 6268 5 reserve reserve NN 34823 6268 6 function function NN 34823 6268 7 of of IN 34823 6268 8 money money NN 34823 6268 9 is be VBZ 34823 6268 10 essentially essentially RB 34823 6268 11 a a DT 34823 6268 12 _ _ NNP 34823 6268 13 dynamic dynamic JJ 34823 6268 14 _ _ NNP 34823 6268 15 function function NN 34823 6268 16 . . . 34823 6269 1 The the DT 34823 6269 2 reserve reserve NN 34823 6269 3 function function NN 34823 6269 4 is be VBZ 34823 6269 5 merely merely RB 34823 6269 6 a a DT 34823 6269 7 phase phase NN 34823 6269 8 of of IN 34823 6269 9 the the DT 34823 6269 10 bearer bearer NN 34823 6269 11 of of IN 34823 6269 12 options option NNS 34823 6269 13 function function NN 34823 6269 14 . . . 34823 6270 1 [ [ -LRB- 34823 6270 2 566 566 CD 34823 6270 3 ] ] -RRB- 34823 6270 4 It -PRON- PRP 34823 6270 5 is be VBZ 34823 6270 6 the the DT 34823 6270 7 practice practice NN 34823 6270 8 of of IN 34823 6270 9 quantity quantity NN 34823 6270 10 theorists theorist NNS 34823 6270 11 to to TO 34823 6270 12 speak speak VB 34823 6270 13 of of IN 34823 6270 14 " " `` 34823 6270 15 normal normal JJ 34823 6270 16 " " '' 34823 6270 17 ratios ratio NNS 34823 6270 18 between between IN 34823 6270 19 reserves reserve NNS 34823 6270 20 and and CC 34823 6270 21 deposits deposit NNS 34823 6270 22 ( ( -LRB- 34823 6270 23 or or CC 34823 6270 24 reserves reserve NNS 34823 6270 25 and and CC 34823 6270 26 demand demand NN 34823 6270 27 liabilities liability NNS 34823 6270 28 ) ) -RRB- 34823 6270 29 , , , 34823 6270 30 and and CC 34823 6270 31 to to TO 34823 6270 32 speak speak VB 34823 6270 33 of of IN 34823 6270 34 the the DT 34823 6270 35 " " `` 34823 6270 36 static static JJ 34823 6270 37 " " '' 34823 6270 38 laws law NNS 34823 6270 39 governing govern VBG 34823 6270 40 this this DT 34823 6270 41 relation relation NN 34823 6270 42 . . . 34823 6271 1 This this DT 34823 6271 2 in in IN 34823 6271 3 true true JJ 34823 6271 4 of of IN 34823 6271 5 Kemmerer Kemmerer NNP 34823 6271 6 , , , 34823 6271 7 of of IN 34823 6271 8 Fisher Fisher NNP 34823 6271 9 , , , 34823 6271 10 of of IN 34823 6271 11 A. a. NN 34823 6271 12 P. P. NNP 34823 6271 13 Andrew Andrew NNP 34823 6271 14 , , , 34823 6271 15 and and CC 34823 6271 16 , , , 34823 6271 17 in in IN 34823 6271 18 general general JJ 34823 6271 19 , , , 34823 6271 20 of of IN 34823 6271 21 contemporary contemporary JJ 34823 6271 22 quantity quantity NN 34823 6271 23 theorists theorist NNS 34823 6271 24 . . . 34823 6272 1 Kemmerer Kemmerer NNP 34823 6272 2 very very RB 34823 6272 3 explicitly explicitly RB 34823 6272 4 puts put VBZ 34823 6272 5 it -PRON- PRP 34823 6272 6 as as IN 34823 6272 7 a a DT 34823 6272 8 matter matter NN 34823 6272 9 of of IN 34823 6272 10 static static JJ 34823 6272 11 theory theory NN 34823 6272 12 , , , 34823 6272 13 " " `` 34823 6272 14 If if IN 34823 6272 15 we -PRON- PRP 34823 6272 16 divide divide VBP 34823 6272 17 the the DT 34823 6272 18 money money NN 34823 6272 19 of of IN 34823 6272 20 the the DT 34823 6272 21 country country NN 34823 6272 22 into into IN 34823 6272 23 two two CD 34823 6272 24 parts part NNS 34823 6272 25 ; ; : 34823 6272 26 one one CD 34823 6272 27 , , , 34823 6272 28 that that WDT 34823 6272 29 used use VBD 34823 6272 30 directly directly RB 34823 6272 31 in in IN 34823 6272 32 daily daily JJ 34823 6272 33 cash cash NN 34823 6272 34 transactions transaction NNS 34823 6272 35 , , , 34823 6272 36 and and CC 34823 6272 37 the the DT 34823 6272 38 other other JJ 34823 6272 39 , , , 34823 6272 40 that that WDT 34823 6272 41 kept keep VBD 34823 6272 42 in in IN 34823 6272 43 banks bank NNS 34823 6272 44 as as IN 34823 6272 45 reserves reserve NNS 34823 6272 46 , , , 34823 6272 47 it -PRON- PRP 34823 6272 48 may may MD 34823 6272 49 be be VB 34823 6272 50 said say VBN 34823 6272 51 that that IN 34823 6272 52 , , , 34823 6272 53 _ _ NNP 34823 6272 54 under under IN 34823 6272 55 perfectly perfectly RB 34823 6272 56 static static JJ 34823 6272 57 conditions condition NNS 34823 6272 58 _ _ IN 34823 6272 59 [ [ -LRB- 34823 6272 60 italics italics NNP 34823 6272 61 mine mine NN 34823 6272 62 ] ] -RRB- 34823 6272 63 , , , 34823 6272 64 the the DT 34823 6272 65 proportion proportion NN 34823 6272 66 of of IN 34823 6272 67 the the DT 34823 6272 68 total total NN 34823 6272 69 represented represent VBN 34823 6272 70 by by IN 34823 6272 71 each each DT 34823 6272 72 of of IN 34823 6272 73 these these DT 34823 6272 74 parts part NNS 34823 6272 75 would would MD 34823 6272 76 be be VB 34823 6272 77 constant constant JJ 34823 6272 78 . . . 34823 6273 1 Each each DT 34823 6273 2 banker banker NN 34823 6273 3 would would MD 34823 6273 4 find find VB 34823 6273 5 from from IN 34823 6273 6 experience experience NN 34823 6273 7 what what WDT 34823 6273 8 proportion proportion NN 34823 6273 9 of of IN 34823 6273 10 reserve reserve NN 34823 6273 11 to to IN 34823 6273 12 liabilities liability NNS 34823 6273 13 it -PRON- PRP 34823 6273 14 was be VBD 34823 6273 15 advisable advisable JJ 34823 6273 16 for for IN 34823 6273 17 him -PRON- PRP 34823 6273 18 to to TO 34823 6273 19 maintain maintain VB 34823 6273 20 , , , 34823 6273 21 and and CC 34823 6273 22 would would MD 34823 6273 23 order order VB 34823 6273 24 his -PRON- PRP$ 34823 6273 25 business business NN 34823 6273 26 , , , 34823 6273 27 as as RB 34823 6273 28 far far RB 34823 6273 29 as as IN 34823 6273 30 possible possible JJ 34823 6273 31 , , , 34823 6273 32 so so IN 34823 6273 33 that that IN 34823 6273 34 his -PRON- PRP$ 34823 6273 35 reserve reserve NN 34823 6273 36 would would MD 34823 6273 37 neither neither CC 34823 6273 38 exceed exceed VB 34823 6273 39 nor nor CC 34823 6273 40 fall fall VB 34823 6273 41 below below IN 34823 6273 42 that that DT 34823 6273 43 most most RBS 34823 6273 44 desirable desirable JJ 34823 6273 45 proportion proportion NN 34823 6273 46 . . . 34823 6274 1 " " `` 34823 6274 2 [ [ -LRB- 34823 6274 3 567 567 CD 34823 6274 4 ] ] -RRB- 34823 6274 5 Kemmerer Kemmerer NNP 34823 6274 6 quotes quote VBZ 34823 6274 7 the the DT 34823 6274 8 following follow VBG 34823 6274 9 passage passage NN 34823 6274 10 from from IN 34823 6274 11 A. A. NNP 34823 6274 12 P. P. NNP 34823 6274 13 Andrew Andrew NNP 34823 6274 14 : : : 34823 6274 15 " " `` 34823 6274 16 In in IN 34823 6274 17 the the DT 34823 6274 18 long long JJ 34823 6274 19 run run NN 34823 6274 20 , , , 34823 6274 21 _ _ NNP 34823 6274 22 as as IN 34823 6274 23 apart apart RB 34823 6274 24 from from IN 34823 6274 25 cyclic cyclic JJ 34823 6274 26 oscillations oscillation NNS 34823 6274 27 _ _ NNP 34823 6274 28 , , , 34823 6274 29 the the DT 34823 6274 30 quantity quantity NN 34823 6274 31 of of IN 34823 6274 32 bank bank NN 34823 6274 33 - - HYPH 34823 6274 34 credit credit NN 34823 6274 35 is be VBZ 34823 6274 36 governed govern VBN 34823 6274 37 by by IN 34823 6274 38 the the DT 34823 6274 39 quantity quantity NN 34823 6274 40 of of IN 34823 6274 41 money money NN 34823 6274 42 . . . 34823 6275 1 " " `` 34823 6275 2 [ [ -LRB- 34823 6275 3 568 568 CD 34823 6275 4 ] ] -RRB- 34823 6275 5 Fisher Fisher NNP 34823 6275 6 's 's POS 34823 6275 7 view view NN 34823 6275 8 we -PRON- PRP 34823 6275 9 have have VBP 34823 6275 10 considered consider VBN 34823 6275 11 at at IN 34823 6275 12 length length NN 34823 6275 13 in in IN 34823 6275 14 Part Part NNP 34823 6275 15 II II NNP 34823 6275 16 . . . 34823 6276 1 It -PRON- PRP 34823 6276 2 is be VBZ 34823 6276 3 essentially essentially RB 34823 6276 4 the the DT 34823 6276 5 same same JJ 34823 6276 6 . . . 34823 6277 1 He -PRON- PRP 34823 6277 2 is be VBZ 34823 6277 3 working work VBG 34823 6277 4 with with IN 34823 6277 5 the the DT 34823 6277 6 statics static NNS 34823 6277 7 of of IN 34823 6277 8 the the DT 34823 6277 9 problem problem NN 34823 6277 10 of of IN 34823 6277 11 money money NN 34823 6277 12 and and CC 34823 6277 13 credit credit NN 34823 6277 14 . . . 34823 6278 1 These these DT 34823 6278 2 different different JJ 34823 6278 3 writers writer NNS 34823 6278 4 differ differ VBP 34823 6278 5 greatly greatly RB 34823 6278 6 in in IN 34823 6278 7 the the DT 34823 6278 8 extent extent NN 34823 6278 9 to to TO 34823 6278 10 which which WDT 34823 6278 11 they -PRON- PRP 34823 6278 12 would would MD 34823 6278 13 insist insist VB 34823 6278 14 on on IN 34823 6278 15 the the DT 34823 6278 16 validity validity NN 34823 6278 17 of of IN 34823 6278 18 their -PRON- PRP$ 34823 6278 19 static static JJ 34823 6278 20 tendency tendency NN 34823 6278 21 in in IN 34823 6278 22 real real JJ 34823 6278 23 life life NN 34823 6278 24 . . . 34823 6279 1 Professor Professor NNP 34823 6279 2 Fisher Fisher NNP 34823 6279 3 , , , 34823 6279 4 as as IN 34823 6279 5 we -PRON- PRP 34823 6279 6 have have VBP 34823 6279 7 seen see VBN 34823 6279 8 , , , 34823 6279 9 is be VBZ 34823 6279 10 exceedingly exceedingly RB 34823 6279 11 uncompromising uncompromising JJ 34823 6279 12 , , , 34823 6279 13 holding hold VBG 34823 6279 14 tenaciously tenaciously RB 34823 6279 15 to to IN 34823 6279 16 his -PRON- PRP$ 34823 6279 17 principle principle NN 34823 6279 18 as as IN 34823 6279 19 subject subject JJ 34823 6279 20 only only RB 34823 6279 21 to to IN 34823 6279 22 slight slight JJ 34823 6279 23 modification modification NN 34823 6279 24 during during IN 34823 6279 25 transition transition NN 34823 6279 26 periods period NNS 34823 6279 27 . . . 34823 6280 1 Professor Professor NNP 34823 6280 2 Kemmerer Kemmerer NNP 34823 6280 3 , , , 34823 6280 4 in in IN 34823 6280 5 the the DT 34823 6280 6 chapter chapter NN 34823 6280 7 from from IN 34823 6280 8 which which WDT 34823 6280 9 the the DT 34823 6280 10 quotation quotation NN 34823 6280 11 just just RB 34823 6280 12 given give VBN 34823 6280 13 is be VBZ 34823 6280 14 taken take VBN 34823 6280 15 , , , 34823 6280 16 gives give VBZ 34823 6280 17 an an DT 34823 6280 18 important important JJ 34823 6280 19 realistic realistic JJ 34823 6280 20 analysis analysis NN 34823 6280 21 of of IN 34823 6280 22 dynamic dynamic JJ 34823 6280 23 conditions condition NNS 34823 6280 24 and and CC 34823 6280 25 makes make VBZ 34823 6280 26 liberal liberal JJ 34823 6280 27 concessions concession NNS 34823 6280 28 to to IN 34823 6280 29 the the DT 34823 6280 30 view view NN 34823 6280 31 that that IN 34823 6280 32 the the DT 34823 6280 33 ratio ratio NN 34823 6280 34 is be VBZ 34823 6280 35 no no DT 34823 6280 36 constant constant JJ 34823 6280 37 in in IN 34823 6280 38 real real JJ 34823 6280 39 life life NN 34823 6280 40 . . . 34823 6281 1 [ [ -LRB- 34823 6281 2 569 569 CD 34823 6281 3 ] ] -RRB- 34823 6281 4 Professor Professor NNP 34823 6281 5 Taussig Taussig NNP 34823 6281 6 , , , 34823 6281 7 whose whose WP$ 34823 6281 8 view view NN 34823 6281 9 was be VBD 34823 6281 10 summarized summarize VBN 34823 6281 11 at at IN 34823 6281 12 length length NN 34823 6281 13 in in IN 34823 6281 14 chapter chapter NN 34823 6281 15 IX ix NN 34823 6281 16 , , , 34823 6281 17 finds find VBZ 34823 6281 18 , , , 34823 6281 19 in in IN 34823 6281 20 real real JJ 34823 6281 21 life life NN 34823 6281 22 , , , 34823 6281 23 so so RB 34823 6281 24 many many JJ 34823 6281 25 exceptions exception NNS 34823 6281 26 to to IN 34823 6281 27 the the DT 34823 6281 28 doctrine doctrine NN 34823 6281 29 of of IN 34823 6281 30 proportionality proportionality NN 34823 6281 31 of of IN 34823 6281 32 reserves reserve NNS 34823 6281 33 and and CC 34823 6281 34 deposits deposit NNS 34823 6281 35 that that WDT 34823 6281 36 he -PRON- PRP 34823 6281 37 virtually virtually RB 34823 6281 38 abandons abandon VBZ 34823 6281 39 that that WDT 34823 6281 40 doctrine doctrine NN 34823 6281 41 . . . 34823 6282 1 What what WP 34823 6282 2 I -PRON- PRP 34823 6282 3 wish wish VBP 34823 6282 4 to to TO 34823 6282 5 insist insist VB 34823 6282 6 on on IN 34823 6282 7 here here RB 34823 6282 8 , , , 34823 6282 9 however however RB 34823 6282 10 , , , 34823 6282 11 is be VBZ 34823 6282 12 that that IN 34823 6282 13 there there EX 34823 6282 14 are be VBP 34823 6282 15 no no DT 34823 6282 16 static static JJ 34823 6282 17 laws law NNS 34823 6282 18 _ _ NNP 34823 6282 19 possible possible JJ 34823 6282 20 _ _ NNP 34823 6282 21 in in IN 34823 6282 22 this this DT 34823 6282 23 connection connection NN 34823 6282 24 . . . 34823 6283 1 The the DT 34823 6283 2 reserve reserve NN 34823 6283 3 function function NN 34823 6283 4 is be VBZ 34823 6283 5 a a DT 34823 6283 6 dynamic dynamic JJ 34823 6283 7 function function NN 34823 6283 8 . . . 34823 6284 1 The the DT 34823 6284 2 theory theory NN 34823 6284 3 of of IN 34823 6284 4 reserves reserve NNS 34823 6284 5 must must MD 34823 6284 6 rest rest VB 34823 6284 7 in in IN 34823 6284 8 an an DT 34823 6284 9 analysis analysis NN 34823 6284 10 of of IN 34823 6284 11 friction friction NN 34823 6284 12 , , , 34823 6284 13 of of IN 34823 6284 14 transitions transition NNS 34823 6284 15 , , , 34823 6284 16 of of IN 34823 6284 17 dynamic dynamic JJ 34823 6284 18 uncertainty uncertainty NN 34823 6284 19 and and CC 34823 6284 20 dynamic dynamic JJ 34823 6284 21 change change NN 34823 6284 22 . . . 34823 6285 1 It -PRON- PRP 34823 6285 2 is be VBZ 34823 6285 3 a a DT 34823 6285 4 part part NN 34823 6285 5 of of IN 34823 6285 6 the the DT 34823 6285 7 general general JJ 34823 6285 8 theory theory NN 34823 6285 9 of of IN 34823 6285 10 liquidity liquidity NN 34823 6285 11 of of IN 34823 6285 12 bank bank NN 34823 6285 13 assets asset NNS 34823 6285 14 , , , 34823 6285 15 of of IN 34823 6285 16 saleability saleability NN 34823 6285 17 of of IN 34823 6285 18 rights right NNS 34823 6285 19 , , , 34823 6285 20 and and CC 34823 6285 21 the the DT 34823 6285 22 like like JJ 34823 6285 23 . . . 34823 6286 1 If if IN 34823 6286 2 one one PRP 34823 6286 3 can can MD 34823 6286 4 find find VB 34823 6286 5 a a DT 34823 6286 6 " " `` 34823 6286 7 normal normal JJ 34823 6286 8 " " '' 34823 6286 9 amount amount NN 34823 6286 10 of of IN 34823 6286 11 dynamic dynamic JJ 34823 6286 12 change change NN 34823 6286 13 , , , 34823 6286 14 a a DT 34823 6286 15 " " `` 34823 6286 16 normal normal JJ 34823 6286 17 " " '' 34823 6286 18 amount amount NN 34823 6286 19 of of IN 34823 6286 20 uncertainty uncertainty NN 34823 6286 21 , , , 34823 6286 22 a a DT 34823 6286 23 norm norm NN 34823 6286 24 for for IN 34823 6286 25 the the DT 34823 6286 26 coming coming NN 34823 6286 27 of of IN 34823 6286 28 technical technical JJ 34823 6286 29 inventions invention NNS 34823 6286 30 , , , 34823 6286 31 a a DT 34823 6286 32 normal normal JJ 34823 6286 33 prospect prospect NN 34823 6286 34 of of IN 34823 6286 35 war war NN 34823 6286 36 , , , 34823 6286 37 a a DT 34823 6286 38 normal normal JJ 34823 6286 39 rate rate NN 34823 6286 40 of of IN 34823 6286 41 gold gold NN 34823 6286 42 production production NN 34823 6286 43 , , , 34823 6286 44 a a DT 34823 6286 45 normal normal JJ 34823 6286 46 rate rate NN 34823 6286 47 of of IN 34823 6286 48 growth growth NN 34823 6286 49 for for IN 34823 6286 50 population population NN 34823 6286 51 , , , 34823 6286 52 a a DT 34823 6286 53 normal normal JJ 34823 6286 54 amount amount NN 34823 6286 55 of of IN 34823 6286 56 Jew Jew NNP 34823 6286 57 - - HYPH 34823 6286 58 baiting baiting NN 34823 6286 59 in in IN 34823 6286 60 Russia Russia NNP 34823 6286 61 , , , 34823 6286 62 with with IN 34823 6286 63 a a DT 34823 6286 64 norm norm NN 34823 6286 65 for for IN 34823 6286 66 migration migration NN 34823 6286 67 , , , 34823 6286 68 and and CC 34823 6286 69 if if IN 34823 6286 70 one one PRP 34823 6286 71 can can MD 34823 6286 72 hold hold VB 34823 6286 73 these these DT 34823 6286 74 norms norm NNS 34823 6286 75 , , , 34823 6286 76 and and CC 34823 6286 77 a a DT 34823 6286 78 multitude multitude NN 34823 6286 79 of of IN 34823 6286 80 similar similar JJ 34823 6286 81 norms norm NNS 34823 6286 82 , , , 34823 6286 83 in in IN 34823 6286 84 fixed fix VBN 34823 6286 85 relation relation NN 34823 6286 86 to to IN 34823 6286 87 one one CD 34823 6286 88 another another DT 34823 6286 89 , , , 34823 6286 90 one one PRP 34823 6286 91 might may MD 34823 6286 92 have have VB 34823 6286 93 justification justification NN 34823 6286 94 for for IN 34823 6286 95 speaking speak VBG 34823 6286 96 of of IN 34823 6286 97 a a DT 34823 6286 98 " " `` 34823 6286 99 normal normal JJ 34823 6286 100 ratio ratio NN 34823 6286 101 " " '' 34823 6286 102 of of IN 34823 6286 103 bank bank NN 34823 6286 104 reserves reserve NNS 34823 6286 105 to to IN 34823 6286 106 bank bank NN 34823 6286 107 demand demand NN 34823 6286 108 liabilities liability NNS 34823 6286 109 ! ! . 34823 6287 1 Apart apart RB 34823 6287 2 from from IN 34823 6287 3 dynamic dynamic JJ 34823 6287 4 changes change NNS 34823 6287 5 , , , 34823 6287 6 from from IN 34823 6287 7 frictional frictional JJ 34823 6287 8 elements element NNS 34823 6287 9 which which WDT 34823 6287 10 create create VBP 34823 6287 11 uncertainties uncertainty NNS 34823 6287 12 , , , 34823 6287 13 in in IN 34823 6287 14 general general JJ 34823 6287 15 , , , 34823 6287 16 apart apart RB 34823 6287 17 from from IN 34823 6287 18 uncertainty uncertainty NN 34823 6287 19 and and CC 34823 6287 20 irregularity irregularity NN 34823 6287 21 and and CC 34823 6287 22 lack lack NN 34823 6287 23 of of IN 34823 6287 24 " " `` 34823 6287 25 normality normality NN 34823 6287 26 , , , 34823 6287 27 " " '' 34823 6287 28 there there EX 34823 6287 29 would would MD 34823 6287 30 be be VB 34823 6287 31 no no DT 34823 6287 32 occasion occasion NN 34823 6287 33 for for IN 34823 6287 34 bank bank NN 34823 6287 35 reserves reserve NNS 34823 6287 36 at at RB 34823 6287 37 all all RB 34823 6287 38 ! ! . 34823 6288 1 To to IN 34823 6288 2 the the DT 34823 6288 3 extent extent NN 34823 6288 4 that that IN 34823 6288 5 static static JJ 34823 6288 6 conditions condition NNS 34823 6288 7 are be VBP 34823 6288 8 realized realize VBN 34823 6288 9 , , , 34823 6288 10 bank bank NN 34823 6288 11 cash cash NN 34823 6288 12 reserves reserve NNS 34823 6288 13 may may MD 34823 6288 14 be be VB 34823 6288 15 , , , 34823 6288 16 and and CC 34823 6288 17 _ _ NNP 34823 6288 18 are be VBP 34823 6288 19 _ _ NNP 34823 6288 20 , , , 34823 6288 21 dispensed dispense VBD 34823 6288 22 with with IN 34823 6288 23 . . . 34823 6289 1 It -PRON- PRP 34823 6289 2 is be VBZ 34823 6289 3 well well RB 34823 6289 4 known know VBN 34823 6289 5 that that IN 34823 6289 6 England England NNP 34823 6289 7 gets get VBZ 34823 6289 8 along along IN 34823 6289 9 with with IN 34823 6289 10 surprisingly surprisingly RB 34823 6289 11 little little JJ 34823 6289 12 gold gold NN 34823 6289 13 . . . 34823 6290 1 The the DT 34823 6290 2 total total JJ 34823 6290 3 stock stock NN 34823 6290 4 in in IN 34823 6290 5 the the DT 34823 6290 6 country country NN 34823 6290 7 has have VBZ 34823 6290 8 been be VBN 34823 6290 9 smaller small JJR 34823 6290 10 than than IN 34823 6290 11 the the DT 34823 6290 12 gold gold NN 34823 6290 13 reserve reserve NN 34823 6290 14 of of IN 34823 6290 15 the the DT 34823 6290 16 Banque Banque NNP 34823 6290 17 de de NNP 34823 6290 18 France France NNP 34823 6290 19 , , , 34823 6290 20 and and CC 34823 6290 21 much much JJ 34823 6290 22 of of IN 34823 6290 23 the the DT 34823 6290 24 gold gold NN 34823 6290 25 in in IN 34823 6290 26 England England NNP 34823 6290 27 was be VBD 34823 6290 28 in in IN 34823 6290 29 use use NN 34823 6290 30 among among IN 34823 6290 31 the the DT 34823 6290 32 people people NNS 34823 6290 33 , , , 34823 6290 34 since since IN 34823 6290 35 small small JJ 34823 6290 36 paper paper NN 34823 6290 37 money money NN 34823 6290 38 ( ( -LRB- 34823 6290 39 before before IN 34823 6290 40 the the DT 34823 6290 41 War War NNP 34823 6290 42 ) ) -RRB- 34823 6290 43 was be VBD 34823 6290 44 not not RB 34823 6290 45 in in IN 34823 6290 46 use use NN 34823 6290 47 in in IN 34823 6290 48 England England NNP 34823 6290 49 . . . 34823 6291 1 The the DT 34823 6291 2 gold gold NN 34823 6291 3 reserve reserve NN 34823 6291 4 of of IN 34823 6291 5 the the DT 34823 6291 6 Bank Bank NNP 34823 6291 7 of of IN 34823 6291 8 England England NNP 34823 6291 9 has have VBZ 34823 6291 10 been be VBN 34823 6291 11 usually usually RB 34823 6291 12 only only RB 34823 6291 13 a a DT 34823 6291 14 fraction fraction NN 34823 6291 15 of of IN 34823 6291 16 that that DT 34823 6291 17 of of IN 34823 6291 18 the the DT 34823 6291 19 Banque Banque NNP 34823 6291 20 de de NNP 34823 6291 21 France France NNP 34823 6291 22 . . . 34823 6292 1 Some some DT 34823 6292 2 years year NNS 34823 6292 3 since since IN 34823 6292 4 , , , 34823 6292 5 the the DT 34823 6292 6 distribution distribution NN 34823 6292 7 of of IN 34823 6292 8 gold gold NN 34823 6292 9 as as IN 34823 6292 10 between between IN 34823 6292 11 England England NNP 34823 6292 12 and and CC 34823 6292 13 the the DT 34823 6292 14 United United NNP 34823 6292 15 States States NNP 34823 6292 16 , , , 34823 6292 17 was be VBD 34823 6292 18 , , , 34823 6292 19 roughly roughly RB 34823 6292 20 , , , 34823 6292 21 England England NNP 34823 6292 22 six six CD 34823 6292 23 hundred hundred CD 34823 6292 24 million million CD 34823 6292 25 dollars dollar NNS 34823 6292 26 , , , 34823 6292 27 the the DT 34823 6292 28 United United NNP 34823 6292 29 States States NNP 34823 6292 30 , , , 34823 6292 31 one one CD 34823 6292 32 billion billion CD 34823 6292 33 , , , 34823 6292 34 six six CD 34823 6292 35 hundred hundred CD 34823 6292 36 million million CD 34823 6292 37 . . . 34823 6293 1 A a DT 34823 6293 2 larger large JJR 34823 6293 3 proportion proportion NN 34823 6293 4 of of IN 34823 6293 5 gold gold NN 34823 6293 6 was be VBD 34823 6293 7 in in IN 34823 6293 8 reserves reserve NNS 34823 6293 9 in in IN 34823 6293 10 the the DT 34823 6293 11 United United NNP 34823 6293 12 States States NNP 34823 6293 13 than than IN 34823 6293 14 in in IN 34823 6293 15 England England NNP 34823 6293 16 . . . 34823 6294 1 Yet yet CC 34823 6294 2 England England NNP 34823 6294 3 was be VBD 34823 6294 4 doing do VBG 34823 6294 5 the the DT 34823 6294 6 banking banking NN 34823 6294 7 business business NN 34823 6294 8 of of IN 34823 6294 9 the the DT 34823 6294 10 world world NN 34823 6294 11 , , , 34823 6294 12 while while IN 34823 6294 13 we -PRON- PRP 34823 6294 14 had have VBD 34823 6294 15 trouble trouble NN 34823 6294 16 in in IN 34823 6294 17 doing do VBG 34823 6294 18 our -PRON- PRP$ 34823 6294 19 own own JJ 34823 6294 20 ! ! . 34823 6295 1 The the DT 34823 6295 2 Bank Bank NNP 34823 6295 3 of of IN 34823 6295 4 England England NNP 34823 6295 5 carries carry VBZ 34823 6295 6 virtually virtually RB 34823 6295 7 the the DT 34823 6295 8 only only JJ 34823 6295 9 reserve reserve NN 34823 6295 10 in in IN 34823 6295 11 the the DT 34823 6295 12 country country NN 34823 6295 13 . . . 34823 6296 1 The the DT 34823 6296 2 Joint Joint NNP 34823 6296 3 Stock Stock NNP 34823 6296 4 Banks Banks NNPS 34823 6296 5 , , , 34823 6296 6 with with IN 34823 6296 7 demand demand NN 34823 6296 8 liabilities liability NNS 34823 6296 9 vastly vastly RB 34823 6296 10 in in IN 34823 6296 11 excess excess NN 34823 6296 12 of of IN 34823 6296 13 the the DT 34823 6296 14 demand demand NN 34823 6296 15 liabilities liability NNS 34823 6296 16 of of IN 34823 6296 17 the the DT 34823 6296 18 Bank Bank NNP 34823 6296 19 of of IN 34823 6296 20 England England NNP 34823 6296 21 , , , 34823 6296 22 carry carry VB 34823 6296 23 only only RB 34823 6296 24 " " '' 34823 6296 25 till till IN 34823 6296 26 money money NN 34823 6296 27 " " '' 34823 6296 28 in in IN 34823 6296 29 cash cash NN 34823 6296 30 or or CC 34823 6296 31 Bank Bank NNP 34823 6296 32 of of IN 34823 6296 33 England England NNP 34823 6296 34 notes note NNS 34823 6296 35 , , , 34823 6296 36 and and CC 34823 6296 37 for for IN 34823 6296 38 the the DT 34823 6296 39 rest rest NN 34823 6296 40 , , , 34823 6296 41 carry carry VBP 34823 6296 42 as as IN 34823 6296 43 their -PRON- PRP$ 34823 6296 44 " " `` 34823 6296 45 reserve reserve NN 34823 6296 46 " " '' 34823 6296 47 their -PRON- PRP$ 34823 6296 48 deposit deposit NN 34823 6296 49 credits credit NNS 34823 6296 50 with with IN 34823 6296 51 the the DT 34823 6296 52 Bank Bank NNP 34823 6296 53 . . . 34823 6297 1 A a DT 34823 6297 2 great great JJ 34823 6297 3 deal deal NN 34823 6297 4 of of IN 34823 6297 5 criticism criticism NN 34823 6297 6 , , , 34823 6297 7 from from IN 34823 6297 8 Bagehot Bagehot NNP 34823 6297 9 down down RB 34823 6297 10 ( ( -LRB- 34823 6297 11 to to TO 34823 6297 12 go go VB 34823 6297 13 no no DT 34823 6297 14 further further RB 34823 6297 15 back back RB 34823 6297 16 ) ) -RRB- 34823 6297 17 has have VBZ 34823 6297 18 been be VBN 34823 6297 19 directed direct VBN 34823 6297 20 at at IN 34823 6297 21 the the DT 34823 6297 22 " " `` 34823 6297 23 inadequacy inadequacy NN 34823 6297 24 " " '' 34823 6297 25 of of IN 34823 6297 26 English english JJ 34823 6297 27 banking banking NN 34823 6297 28 reserves reserve NNS 34823 6297 29 , , , 34823 6297 30 and and CC 34823 6297 31 many many JJ 34823 6297 32 dire dire JJ 34823 6297 33 predictions prediction NNS 34823 6297 34 have have VBP 34823 6297 35 been be VBN 34823 6297 36 made make VBN 34823 6297 37 as as IN 34823 6297 38 to to IN 34823 6297 39 the the DT 34823 6297 40 dangers danger NNS 34823 6297 41 that that WDT 34823 6297 42 impended impend VBD 34823 6297 43 unless unless IN 34823 6297 44 the the DT 34823 6297 45 reserves reserve NNS 34823 6297 46 were be VBD 34823 6297 47 increased increase VBN 34823 6297 48 . . . 34823 6298 1 We -PRON- PRP 34823 6298 2 shall shall MD 34823 6298 3 probably probably RB 34823 6298 4 hear hear VB 34823 6298 5 less less JJR 34823 6298 6 of of IN 34823 6298 7 this this DT 34823 6298 8 after after IN 34823 6298 9 the the DT 34823 6298 10 War war NN 34823 6298 11 ! ! . 34823 6299 1 The the DT 34823 6299 2 Bank Bank NNP 34823 6299 3 of of IN 34823 6299 4 England England NNP 34823 6299 5 still still RB 34823 6299 6 stands stand VBZ 34823 6299 7 ! ! . 34823 6300 1 It -PRON- PRP 34823 6300 2 has have VBZ 34823 6300 3 never never RB 34823 6300 4 failed fail VBN 34823 6300 5 to to TO 34823 6300 6 pay pay VB 34823 6300 7 out out RP 34823 6300 8 gold gold NN 34823 6300 9 over over IN 34823 6300 10 its -PRON- PRP$ 34823 6300 11 counters counter NNS 34823 6300 12 , , , 34823 6300 13 even even RB 34823 6300 14 though though IN 34823 6300 15 it -PRON- PRP 34823 6300 16 has have VBZ 34823 6300 17 , , , 34823 6300 18 with with IN 34823 6300 19 the the DT 34823 6300 20 aid aid NN 34823 6300 21 of of IN 34823 6300 22 the the DT 34823 6300 23 government government NN 34823 6300 24 , , , 34823 6300 25 doubtless doubtless RB 34823 6300 26 restricted restrict VBN 34823 6300 27 and and CC 34823 6300 28 controlled control VBN 34823 6300 29 foreign foreign JJ 34823 6300 30 shipments shipment NNS 34823 6300 31 of of IN 34823 6300 32 gold gold NN 34823 6300 33 . . . 34823 6301 1 But but CC 34823 6301 2 it -PRON- PRP 34823 6301 3 has have VBZ 34823 6301 4 met meet VBN 34823 6301 5 the the DT 34823 6301 6 unprecedented unprecedented JJ 34823 6301 7 emergency emergency NN 34823 6301 8 better well RBR 34823 6301 9 than than IN 34823 6301 10 any any DT 34823 6301 11 other other JJ 34823 6301 12 bank bank NN 34823 6301 13 in in IN 34823 6301 14 Europe Europe NNP 34823 6301 15 , , , 34823 6301 16 and and CC 34823 6301 17 to to IN 34823 6301 18 - - HYPH 34823 6301 19 day day NN 34823 6301 20 ( ( -LRB- 34823 6301 21 Sept. September NNP 34823 6301 22 1916 1916 CD 34823 6301 23 ) ) -RRB- 34823 6301 24 is be VBZ 34823 6301 25 in in IN 34823 6301 26 exceedingly exceedingly RB 34823 6301 27 good good JJ 34823 6301 28 shape shape NN 34823 6301 29 . . . 34823 6302 1 Sterling sterling JJ 34823 6302 2 exchange exchange NN 34823 6302 3 at at IN 34823 6302 4 New New NNP 34823 6302 5 York York NNP 34823 6302 6 seems seem VBZ 34823 6302 7 " " `` 34823 6302 8 pegged peg VBN 34823 6302 9 " " '' 34823 6302 10 at at IN 34823 6302 11 the the DT 34823 6302 12 " " `` 34823 6302 13 lower low JJR 34823 6302 14 gold gold NN 34823 6302 15 point point NN 34823 6302 16 , , , 34823 6302 17 " " '' 34823 6302 18 and and CC 34823 6302 19 apprehensions apprehension NNS 34823 6302 20 regarding regard VBG 34823 6302 21 the the DT 34823 6302 22 stability stability NN 34823 6302 23 of of IN 34823 6302 24 the the DT 34823 6302 25 English english JJ 34823 6302 26 financial financial JJ 34823 6302 27 system system NN 34823 6302 28 seem seem VBP 34823 6302 29 definitely definitely RB 34823 6302 30 allayed allay VBN 34823 6302 31 . . . 34823 6303 1 It -PRON- PRP 34823 6303 2 is be VBZ 34823 6303 3 aside aside RB 34823 6303 4 from from IN 34823 6303 5 our -PRON- PRP$ 34823 6303 6 present present JJ 34823 6303 7 purpose purpose NN 34823 6303 8 to to TO 34823 6303 9 discuss discuss VB 34823 6303 10 war war NN 34823 6303 11 time time NN 34823 6303 12 conditions condition NNS 34823 6303 13 . . . 34823 6304 1 I -PRON- PRP 34823 6304 2 am be VBP 34823 6304 3 rather rather RB 34823 6304 4 interested interested JJ 34823 6304 5 in in IN 34823 6304 6 analyzing analyze VBG 34823 6304 7 the the DT 34823 6304 8 features feature NNS 34823 6304 9 of of IN 34823 6304 10 the the DT 34823 6304 11 English english JJ 34823 6304 12 money money NN 34823 6304 13 market market NN 34823 6304 14 which which WDT 34823 6304 15 have have VBP 34823 6304 16 made make VBN 34823 6304 17 it -PRON- PRP 34823 6304 18 possible possible JJ 34823 6304 19 , , , 34823 6304 20 in in IN 34823 6304 21 the the DT 34823 6304 22 period period NN 34823 6304 23 preceding precede VBG 34823 6304 24 the the DT 34823 6304 25 War War NNP 34823 6304 26 , , , 34823 6304 27 for for IN 34823 6304 28 English english JJ 34823 6304 29 bankers banker NNS 34823 6304 30 to to TO 34823 6304 31 get get VB 34823 6304 32 on on RP 34823 6304 33 with with IN 34823 6304 34 so so RB 34823 6304 35 little little JJ 34823 6304 36 gold gold NN 34823 6304 37 . . . 34823 6305 1 As as IN 34823 6305 2 will will MD 34823 6305 3 appear appear VB 34823 6305 4 , , , 34823 6305 5 it -PRON- PRP 34823 6305 6 is be VBZ 34823 6305 7 because because IN 34823 6305 8 English english JJ 34823 6305 9 business business NN 34823 6305 10 and and CC 34823 6305 11 financial financial JJ 34823 6305 12 affairs affair NNS 34823 6305 13 have have VBP 34823 6305 14 been be VBN 34823 6305 15 more more RBR 34823 6305 16 nearly nearly RB 34823 6305 17 " " `` 34823 6305 18 static static JJ 34823 6305 19 , , , 34823 6305 20 " " '' 34823 6305 21 have have VBP 34823 6305 22 come come VBN 34823 6305 23 nearer nearer RB 34823 6305 24 to to IN 34823 6305 25 realizing realize VBG 34823 6305 26 the the DT 34823 6305 27 assumptions assumption NNS 34823 6305 28 of of IN 34823 6305 29 static static JJ 34823 6305 30 economic economic JJ 34823 6305 31 theory theory NN 34823 6305 32 , , , 34823 6305 33 than than IN 34823 6305 34 is be VBZ 34823 6305 35 true true JJ 34823 6305 36 of of IN 34823 6305 37 any any DT 34823 6305 38 other other JJ 34823 6305 39 country country NN 34823 6305 40 on on IN 34823 6305 41 earth earth NN 34823 6305 42 . . . 34823 6306 1 The the DT 34823 6306 2 very very JJ 34823 6306 3 fact fact NN 34823 6306 4 , , , 34823 6306 5 for for IN 34823 6306 6 one one CD 34823 6306 7 thing thing NN 34823 6306 8 , , , 34823 6306 9 that that IN 34823 6306 10 England England NNP 34823 6306 11 is be VBZ 34823 6306 12 the the DT 34823 6306 13 great great JJ 34823 6306 14 _ _ NNP 34823 6306 15 international international JJ 34823 6306 16 _ _ NNP 34823 6306 17 banker banker NN 34823 6306 18 has have VBZ 34823 6306 19 meant mean VBN 34823 6306 20 a a DT 34823 6306 21 scattering scattering NN 34823 6306 22 of of IN 34823 6306 23 risks risk NNS 34823 6306 24 . . . 34823 6307 1 Acute acute JJ 34823 6307 2 panics panic NNS 34823 6307 3 do do VBP 34823 6307 4 not not RB 34823 6307 5 come come VB 34823 6307 6 in in IN 34823 6307 7 all all DT 34823 6307 8 countries country NNS 34823 6307 9 on on IN 34823 6307 10 the the DT 34823 6307 11 same same JJ 34823 6307 12 date date NN 34823 6307 13 . . . 34823 6308 1 Bad bad JJ 34823 6308 2 business business NN 34823 6308 3 in in IN 34823 6308 4 one one CD 34823 6308 5 country country NN 34823 6308 6 may may MD 34823 6308 7 be be VB 34823 6308 8 offset offset VBN 34823 6308 9 by by IN 34823 6308 10 good good JJ 34823 6308 11 business business NN 34823 6308 12 in in IN 34823 6308 13 another another DT 34823 6308 14 ; ; : 34823 6308 15 drains drain NNS 34823 6308 16 of of IN 34823 6308 17 gold gold NN 34823 6308 18 to to IN 34823 6308 19 one one CD 34823 6308 20 country country NN 34823 6308 21 may may MD 34823 6308 22 be be VB 34823 6308 23 met meet VBN 34823 6308 24 with with IN 34823 6308 25 gold gold NN 34823 6308 26 flowing flow VBG 34823 6308 27 in in RP 34823 6308 28 from from IN 34823 6308 29 others other NNS 34823 6308 30 . . . 34823 6309 1 The the DT 34823 6309 2 same same JJ 34823 6309 3 considerations consideration NNS 34823 6309 4 which which WDT 34823 6309 5 tend tend VBP 34823 6309 6 to to TO 34823 6309 7 stabilize stabilize VB 34823 6309 8 the the DT 34823 6309 9 railroad railroad NN 34823 6309 10 business business NN 34823 6309 11 , , , 34823 6309 12 as as IN 34823 6309 13 compared compare VBN 34823 6309 14 with with IN 34823 6309 15 , , , 34823 6309 16 say say UH 34823 6309 17 , , , 34823 6309 18 cotton cotton NN 34823 6309 19 - - HYPH 34823 6309 20 growing grow VBG 34823 6309 21 , , , 34823 6309 22 apply apply VB 34823 6309 23 to to IN 34823 6309 24 the the DT 34823 6309 25 international international JJ 34823 6309 26 banker banker NN 34823 6309 27 as as IN 34823 6309 28 compared compare VBN 34823 6309 29 with with IN 34823 6309 30 the the DT 34823 6309 31 banks bank NNS 34823 6309 32 of of IN 34823 6309 33 a a DT 34823 6309 34 single single JJ 34823 6309 35 country country NN 34823 6309 36 or or CC 34823 6309 37 section section NN 34823 6309 38 . . . 34823 6310 1 But but CC 34823 6310 2 further far RBR 34823 6310 3 , , , 34823 6310 4 the the DT 34823 6310 5 London London NNP 34823 6310 6 market market NN 34823 6310 7 has have VBZ 34823 6310 8 developed develop VBN 34823 6310 9 coöperating coöperating NN 34823 6310 10 agencies agency NNS 34823 6310 11 for for IN 34823 6310 12 smoothing smooth VBG 34823 6310 13 out out RP 34823 6310 14 friction friction NN 34823 6310 15 and and CC 34823 6310 16 eliminating eliminate VBG 34823 6310 17 uncertainties uncertainty NNS 34823 6310 18 to to IN 34823 6310 19 a a DT 34823 6310 20 degree degree NN 34823 6310 21 unknown unknown JJ 34823 6310 22 anywhere anywhere RB 34823 6310 23 else else RB 34823 6310 24 . . . 34823 6311 1 An an DT 34823 6311 2 anonymous anonymous JJ 34823 6311 3 writer writer NN 34823 6311 4 in in IN 34823 6311 5 _ _ NNP 34823 6311 6 The the DT 34823 6311 7 Americas Americas NNPS 34823 6311 8 _ _ NNP 34823 6311 9 for for IN 34823 6311 10 April April NNP 34823 6311 11 , , , 34823 6311 12 1916,[570 1916,[570 NNP 34823 6311 13 ] ] -RRB- 34823 6311 14 has have VBZ 34823 6311 15 given give VBN 34823 6311 16 an an DT 34823 6311 17 exceedingly exceedingly RB 34823 6311 18 interesting interesting JJ 34823 6311 19 account account NN 34823 6311 20 of of IN 34823 6311 21 this this DT 34823 6311 22 organization organization NN 34823 6311 23 of of IN 34823 6311 24 the the DT 34823 6311 25 London London NNP 34823 6311 26 market,--the market,--the NNP 34823 6311 27 product product NN 34823 6311 28 of of IN 34823 6311 29 the the DT 34823 6311 30 development development NN 34823 6311 31 of of IN 34823 6311 32 generations generation NNS 34823 6311 33 . . . 34823 6312 1 Let let VB 34823 6312 2 us -PRON- PRP 34823 6312 3 enumerate enumerate VB 34823 6312 4 some some DT 34823 6312 5 of of IN 34823 6312 6 the the DT 34823 6312 7 points point NNS 34823 6312 8 : : : 34823 6312 9 There there EX 34823 6312 10 is be VBZ 34823 6312 11 nowhere nowhere RB 34823 6312 12 in in IN 34823 6312 13 the the DT 34823 6312 14 world world NN 34823 6312 15 so so RB 34823 6312 16 much much JJ 34823 6312 17 expert expert JJ 34823 6312 18 judgment judgment NN 34823 6312 19 in in IN 34823 6312 20 the the DT 34823 6312 21 grading grading NN 34823 6312 22 and and CC 34823 6312 23 evaluating evaluating NN 34823 6312 24 of of IN 34823 6312 25 hundreds hundred NNS 34823 6312 26 of of IN 34823 6312 27 commodities commodity NNS 34823 6312 28 from from IN 34823 6312 29 all all DT 34823 6312 30 parts part NNS 34823 6312 31 of of IN 34823 6312 32 the the DT 34823 6312 33 world world NN 34823 6312 34 . . . 34823 6313 1 There there EX 34823 6313 2 is be VBZ 34823 6313 3 , , , 34823 6313 4 coupled couple VBN 34823 6313 5 with with IN 34823 6313 6 this this DT 34823 6313 7 , , , 34823 6313 8 a a DT 34823 6313 9 worldwide worldwide JJ 34823 6313 10 reputation reputation NN 34823 6313 11 for for IN 34823 6313 12 the the DT 34823 6313 13 experts expert NNS 34823 6313 14 of of IN 34823 6313 15 absolute absolute JJ 34823 6313 16 integrity integrity NN 34823 6313 17 , , , 34823 6313 18 so so IN 34823 6313 19 that that IN 34823 6313 20 producers producer NNS 34823 6313 21 in in IN 34823 6313 22 remote remote JJ 34823 6313 23 countries country NNS 34823 6313 24 regularly regularly RB 34823 6313 25 ship ship VBP 34823 6313 26 ( ( -LRB- 34823 6313 27 " " `` 34823 6313 28 consign consign NNP 34823 6313 29 " " '' 34823 6313 30 ) ) -RRB- 34823 6313 31 to to IN 34823 6313 32 London London NNP 34823 6313 33 cargoes cargo NNS 34823 6313 34 without without IN 34823 6313 35 definite definite JJ 34823 6313 36 arrangements arrangement NNS 34823 6313 37 , , , 34823 6313 38 knowing know VBG 34823 6313 39 that that IN 34823 6313 40 there there EX 34823 6313 41 are be VBP 34823 6313 42 in in IN 34823 6313 43 London London NNP 34823 6313 44 organized organize VBN 34823 6313 45 facilities facility NNS 34823 6313 46 by by IN 34823 6313 47 which which WDT 34823 6313 48 the the DT 34823 6313 49 commodities commodity NNS 34823 6313 50 are be VBP 34823 6313 51 warehoused warehouse VBN 34823 6313 52 , , , 34823 6313 53 expertly expertly RB 34823 6313 54 and and CC 34823 6313 55 fairly fairly RB 34823 6313 56 judged judge VBN 34823 6313 57 , , , 34823 6313 58 and and CC 34823 6313 59 either either RB 34823 6313 60 sold sell VBN 34823 6313 61 at at IN 34823 6313 62 once once RB 34823 6313 63 or or CC 34823 6313 64 else else RB 34823 6313 65 made make VBD 34823 6313 66 the the DT 34823 6313 67 basis basis NN 34823 6313 68 of of IN 34823 6313 69 a a DT 34823 6313 70 collateral collateral JJ 34823 6313 71 loan loan NN 34823 6313 72 against against IN 34823 6313 73 which which WDT 34823 6313 74 they -PRON- PRP 34823 6313 75 can can MD 34823 6313 76 draw draw VB 34823 6313 77 immediately immediately RB 34823 6313 78 . . . 34823 6314 1 The the DT 34823 6314 2 institutions institution NNS 34823 6314 3 which which WDT 34823 6314 4 make make VBP 34823 6314 5 this this DT 34823 6314 6 possible possible JJ 34823 6314 7 are be VBP 34823 6314 8 ( ( -LRB- 34823 6314 9 a a LS 34823 6314 10 ) ) -RRB- 34823 6314 11 the the DT 34823 6314 12 system system NN 34823 6314 13 of of IN 34823 6314 14 warehousing warehousing NN 34823 6314 15 , , , 34823 6314 16 with with IN 34823 6314 17 its -PRON- PRP$ 34823 6314 18 certificates certificate NNS 34823 6314 19 or or CC 34823 6314 20 warrants warrant NNS 34823 6314 21 which which WDT 34823 6314 22 give give VBP 34823 6314 23 absolute absolute JJ 34823 6314 24 title title NN 34823 6314 25 to to IN 34823 6314 26 the the DT 34823 6314 27 goods good NNS 34823 6314 28 , , , 34823 6314 29 and and CC 34823 6314 30 which which WDT 34823 6314 31 are be VBP 34823 6314 32 easily easily RB 34823 6314 33 negotiable negotiable JJ 34823 6314 34 ; ; : 34823 6314 35 ( ( -LRB- 34823 6314 36 b b LS 34823 6314 37 ) ) -RRB- 34823 6314 38 the the DT 34823 6314 39 organized organize VBN 34823 6314 40 arrangements arrangement NNS 34823 6314 41 in in IN 34823 6314 42 connection connection NN 34823 6314 43 with with IN 34823 6314 44 the the DT 34823 6314 45 warehouses warehouse NNS 34823 6314 46 by by IN 34823 6314 47 which which WDT 34823 6314 48 commodities commodity NNS 34823 6314 49 are be VBP 34823 6314 50 received receive VBN 34823 6314 51 and and CC 34823 6314 52 either either CC 34823 6314 53 graded grade VBN 34823 6314 54 as as IN 34823 6314 55 they -PRON- PRP 34823 6314 56 are be VBP 34823 6314 57 , , , 34823 6314 58 or or CC 34823 6314 59 separated separate VBN 34823 6314 60 and and CC 34823 6314 61 mixed mix VBN 34823 6314 62 with with IN 34823 6314 63 others other NNS 34823 6314 64 to to TO 34823 6314 65 form form VB 34823 6314 66 standard standard JJ 34823 6314 67 blends blend NNS 34823 6314 68 readily readily RB 34823 6314 69 marketable marketable JJ 34823 6314 70 -- -- : 34823 6314 71 this this DT 34823 6314 72 with with IN 34823 6314 73 rigid rigid JJ 34823 6314 74 integrity integrity NN 34823 6314 75 and and CC 34823 6314 76 expertness expertness NN 34823 6314 77 which which WDT 34823 6314 78 the the DT 34823 6314 79 whole whole JJ 34823 6314 80 world world NN 34823 6314 81 trusts trust VBZ 34823 6314 82 ; ; : 34823 6314 83 ( ( -LRB- 34823 6314 84 c c NN 34823 6314 85 ) ) -RRB- 34823 6314 86 a a DT 34823 6314 87 speculative speculative JJ 34823 6314 88 community community NN 34823 6314 89 which which WDT 34823 6314 90 has have VBZ 34823 6314 91 unlimited unlimite VBN 34823 6314 92 banking banking NN 34823 6314 93 credit credit NN 34823 6314 94 , , , 34823 6314 95 ready ready JJ 34823 6314 96 to to TO 34823 6314 97 buy buy VB 34823 6314 98 at at IN 34823 6314 99 a a DT 34823 6314 100 concession concession NN 34823 6314 101 in in IN 34823 6314 102 price price NN 34823 6314 103 virtually virtually RB 34823 6314 104 any any DT 34823 6314 105 commodity commodity NN 34823 6314 106 -- -- : 34823 6314 107 honey honey NN 34823 6314 108 in in IN 34823 6314 109 the the DT 34823 6314 110 comb comb NN 34823 6314 111 , , , 34823 6314 112 sealing seal VBG 34823 6314 113 wax wax NN 34823 6314 114 , , , 34823 6314 115 pianos pianos NN 34823 6314 116 , , , 34823 6314 117 farm farm NN 34823 6314 118 machinery machinery NN 34823 6314 119 , , , 34823 6314 120 what what WP 34823 6314 121 not not RB 34823 6314 122 ; ; , 34823 6314 123 ( ( -LRB- 34823 6314 124 d d LS 34823 6314 125 ) ) -RRB- 34823 6314 126 the the DT 34823 6314 127 organized organize VBN 34823 6314 128 markets market NNS 34823 6314 129 or or CC 34823 6314 130 periodical periodical JJ 34823 6314 131 auctions auction NNS 34823 6314 132 which which WDT 34823 6314 133 speculation speculation NN 34823 6314 134 and and CC 34823 6314 135 final final JJ 34823 6314 136 purchase purchase NN 34823 6314 137 together together RB 34823 6314 138 support support NN 34823 6314 139 ; ; : 34823 6314 140 ( ( -LRB- 34823 6314 141 e e LS 34823 6314 142 ) ) -RRB- 34823 6314 143 the the DT 34823 6314 144 banks bank NNS 34823 6314 145 , , , 34823 6314 146 which which WDT 34823 6314 147 , , , 34823 6314 148 relying rely VBG 34823 6314 149 on on IN 34823 6314 150 the the DT 34823 6314 151 standardization standardization NN 34823 6314 152 of of IN 34823 6314 153 the the DT 34823 6314 154 commodities commodity NNS 34823 6314 155 and and CC 34823 6314 156 the the DT 34823 6314 157 readiness readiness NN 34823 6314 158 of of IN 34823 6314 159 the the DT 34823 6314 160 speculative speculative JJ 34823 6314 161 community community NN 34823 6314 162 , , , 34823 6314 163 can can MD 34823 6314 164 without without IN 34823 6314 165 hesitation hesitation NN 34823 6314 166 lend lend VB 34823 6314 167 the the DT 34823 6314 168 money money NN 34823 6314 169 on on IN 34823 6314 170 which which WDT 34823 6314 171 the the DT 34823 6314 172 distant distant JJ 34823 6314 173 shipper shipper NN 34823 6314 174 is be VBZ 34823 6314 175 relying rely VBG 34823 6314 176 to to TO 34823 6314 177 conduct conduct VB 34823 6314 178 his -PRON- PRP$ 34823 6314 179 business business NN 34823 6314 180 . . . 34823 6315 1 What what WP 34823 6315 2 comes come VBZ 34823 6315 3 to to IN 34823 6315 4 London London NNP 34823 6315 5 is be VBZ 34823 6315 6 fluid fluid JJ 34823 6315 7 . . . 34823 6316 1 Everything everything NN 34823 6316 2 comes come VBZ 34823 6316 3 to to IN 34823 6316 4 London London NNP 34823 6316 5 ! ! . 34823 6317 1 The the DT 34823 6317 2 multiplicity multiplicity NN 34823 6317 3 of of IN 34823 6317 4 items item NNS 34823 6317 5 dealt deal VBN 34823 6317 6 in in IN 34823 6317 7 gives give VBZ 34823 6317 8 stability stability NN 34823 6317 9 to to IN 34823 6317 10 that that DT 34823 6317 11 business business NN 34823 6317 12 which which WDT 34823 6317 13 deals deal VBZ 34823 6317 14 with with IN 34823 6317 15 all all DT 34823 6317 16 -- -- : 34823 6317 17 the the DT 34823 6317 18 banking banking NN 34823 6317 19 business business NN 34823 6317 20 . . . 34823 6318 1 The the DT 34823 6318 2 London London NNP 34823 6318 3 Stock Stock NNP 34823 6318 4 Exchange Exchange NNP 34823 6318 5 is be VBZ 34823 6318 6 no no DT 34823 6318 7 provincial provincial JJ 34823 6318 8 affair affair NN 34823 6318 9 , , , 34823 6318 10 easily easily RB 34823 6318 11 demoralized demoralize VBN 34823 6318 12 by by IN 34823 6318 13 an an DT 34823 6318 14 adverse adverse JJ 34823 6318 15 rate rate NN 34823 6318 16 decision decision NN 34823 6318 17 ! ! . 34823 6319 1 Securities security NNS 34823 6319 2 of of IN 34823 6319 3 every every DT 34823 6319 4 country country NN 34823 6319 5 on on IN 34823 6319 6 earth earth NN 34823 6319 7 are be VBP 34823 6319 8 listed list VBN 34823 6319 9 there there RB 34823 6319 10 , , , 34823 6319 11 and and CC 34823 6319 12 speculated speculate VBD 34823 6319 13 in in RP 34823 6319 14 . . . 34823 6320 1 It -PRON- PRP 34823 6320 2 must must MD 34823 6320 3 be be VB 34823 6320 4 a a DT 34823 6320 5 world world NN 34823 6320 6 catastrophe catastrophe NN 34823 6320 7 which which WDT 34823 6320 8 really really RB 34823 6320 9 demoralizes demoralize VBZ 34823 6320 10 the the DT 34823 6320 11 London London NNP 34823 6320 12 stock stock NN 34823 6320 13 market market NN 34823 6320 14 ! ! . 34823 6321 1 It -PRON- PRP 34823 6321 2 will will MD 34823 6321 3 doubtless doubtless RB 34823 6321 4 seem seem VB 34823 6321 5 strange strange JJ 34823 6321 6 to to IN 34823 6321 7 many many JJ 34823 6321 8 to to TO 34823 6321 9 say say VB 34823 6321 10 that that IN 34823 6321 11 New New NNP 34823 6321 12 York York NNP 34823 6321 13 can can MD 34823 6321 14 not not RB 34823 6321 15 displace displace VB 34823 6321 16 London London NNP 34823 6321 17 as as IN 34823 6321 18 the the DT 34823 6321 19 centre centre NN 34823 6321 20 of of IN 34823 6321 21 world world NN 34823 6321 22 finance finance NN 34823 6321 23 , , , 34823 6321 24 that that IN 34823 6321 25 the the DT 34823 6321 26 dollar dollar NN 34823 6321 27 can can MD 34823 6321 28 not not RB 34823 6321 29 displace displace VB 34823 6321 30 the the DT 34823 6321 31 pound pound NN 34823 6321 32 sterling sterling NN 34823 6321 33 in in IN 34823 6321 34 financing finance VBG 34823 6321 35 international international JJ 34823 6321 36 trade trade NN 34823 6321 37 , , , 34823 6321 38 because because IN 34823 6321 39 New New NNP 34823 6321 40 Yorkers Yorkers NNPS 34823 6321 41 do do VBP 34823 6321 42 not not RB 34823 6321 43 speculate speculate VB 34823 6321 44 enough enough RB 34823 6321 45 ! ! . 34823 6322 1 They -PRON- PRP 34823 6322 2 do do VBP 34823 6322 3 speculate speculate VB 34823 6322 4 enormously enormously RB 34823 6322 5 , , , 34823 6322 6 but but CC 34823 6322 7 not not RB 34823 6322 8 in in IN 34823 6322 9 many many JJ 34823 6322 10 things thing NNS 34823 6322 11 . . . 34823 6323 1 A a DT 34823 6323 2 restricted restricted JJ 34823 6323 3 list list NN 34823 6323 4 of of IN 34823 6323 5 stock stock NN 34823 6323 6 exchange exchange NN 34823 6323 7 securities security NNS 34823 6323 8 -- -- : 34823 6323 9 almost almost RB 34823 6323 10 wholly wholly RB 34823 6323 11 American american JJ 34823 6323 12 ; ; : 34823 6323 13 cotton cotton NN 34823 6323 14 -- -- : 34823 6323 15 in in IN 34823 6323 16 which which WDT 34823 6323 17 New New NNP 34823 6323 18 York York NNP 34823 6323 19 is be VBZ 34823 6323 20 the the DT 34823 6323 21 world world NN 34823 6323 22 centre centre NN 34823 6323 23 ; ; : 34823 6323 24 coffee coffee NN 34823 6323 25 , , , 34823 6323 26 in in IN 34823 6323 27 which which WDT 34823 6323 28 New New NNP 34823 6323 29 York York NNP 34823 6323 30 has have VBZ 34823 6323 31 the the DT 34823 6323 32 largest large JJS 34823 6323 33 volume volume NN 34823 6323 34 of of IN 34823 6323 35 speculative speculative JJ 34823 6323 36 futures future NNS 34823 6323 37 , , , 34823 6323 38 though though IN 34823 6323 39 yielding yield VBG 34823 6323 40 precedence precedence NN 34823 6323 41 , , , 34823 6323 42 ordinarily ordinarily RB 34823 6323 43 , , , 34823 6323 44 to to IN 34823 6323 45 Havre Havre NNP 34823 6323 46 , , , 34823 6323 47 Hamburg Hamburg NNP 34823 6323 48 and and CC 34823 6323 49 Santos[571 Santos[571 NNP 34823 6323 50 ] ] -RRB- 34823 6323 51 in in IN 34823 6323 52 spot spot NN 34823 6323 53 transactions transaction NNS 34823 6323 54 . . . 34823 6324 1 There there EX 34823 6324 2 is be VBZ 34823 6324 3 extensive extensive JJ 34823 6324 4 sugar sugar NN 34823 6324 5 speculation speculation NN 34823 6324 6 at at IN 34823 6324 7 the the DT 34823 6324 8 New New NNP 34823 6324 9 York York NNP 34823 6324 10 Coffee Coffee NNP 34823 6324 11 Exchange Exchange NNP 34823 6324 12 , , , 34823 6324 13 which which WDT 34823 6324 14 has have VBZ 34823 6324 15 , , , 34823 6324 16 indeed indeed RB 34823 6324 17 , , , 34823 6324 18 recently recently RB 34823 6324 19 changed change VBD 34823 6324 20 its -PRON- PRP$ 34823 6324 21 name name NN 34823 6324 22 to to TO 34823 6324 23 indicate indicate VB 34823 6324 24 the the DT 34823 6324 25 fact fact NN 34823 6324 26 . . . 34823 6325 1 There there EX 34823 6325 2 is be VBZ 34823 6325 3 a a DT 34823 6325 4 produce produce NN 34823 6325 5 exchange exchange NN 34823 6325 6 in in IN 34823 6325 7 New New NNP 34823 6325 8 York York NNP 34823 6325 9 , , , 34823 6325 10 but but CC 34823 6325 11 it -PRON- PRP 34823 6325 12 is be VBZ 34823 6325 13 a a DT 34823 6325 14 very very RB 34823 6325 15 small small JJ 34823 6325 16 affair affair NN 34823 6325 17 as as IN 34823 6325 18 compared compare VBN 34823 6325 19 with with IN 34823 6325 20 the the DT 34823 6325 21 Chicago Chicago NNP 34823 6325 22 Board Board NNP 34823 6325 23 of of IN 34823 6325 24 Trade Trade NNP 34823 6325 25 , , , 34823 6325 26 and and CC 34823 6325 27 its -PRON- PRP$ 34823 6325 28 operations operation NNS 34823 6325 29 and and CC 34823 6325 30 scope scope NN 34823 6325 31 are be VBP 34823 6325 32 infinitesimal infinitesimal JJ 34823 6325 33 when when WRB 34823 6325 34 compared compare VBN 34823 6325 35 with with IN 34823 6325 36 the the DT 34823 6325 37 produce produce NN 34823 6325 38 speculation speculation NN 34823 6325 39 in in IN 34823 6325 40 London London NNP 34823 6325 41 . . . 34823 6326 1 Of of RB 34823 6326 2 course course RB 34823 6326 3 , , , 34823 6326 4 there there EX 34823 6326 5 is be VBZ 34823 6326 6 a a DT 34823 6326 7 vast vast JJ 34823 6326 8 deal deal NN 34823 6326 9 of of IN 34823 6326 10 _ _ NNP 34823 6326 11 unorganized unorganized JJ 34823 6326 12 _ _ NNP 34823 6326 13 speculation speculation NN 34823 6326 14 in in IN 34823 6326 15 many many JJ 34823 6326 16 things thing NNS 34823 6326 17 in in IN 34823 6326 18 New New NNP 34823 6326 19 York York NNP 34823 6326 20 , , , 34823 6326 21 as as IN 34823 6326 22 in in IN 34823 6326 23 business business NN 34823 6326 24 everywhere everywhere RB 34823 6326 25 , , , 34823 6326 26 particularly particularly RB 34823 6326 27 in in IN 34823 6326 28 America America NNP 34823 6326 29 . . . 34823 6327 1 But but CC 34823 6327 2 , , , 34823 6327 3 while while IN 34823 6327 4 the the DT 34823 6327 5 pecuniary pecuniary JJ 34823 6327 6 magnitudes magnitude NNS 34823 6327 7 of of IN 34823 6327 8 organized organized JJ 34823 6327 9 speculation speculation NN 34823 6327 10 in in IN 34823 6327 11 New New NNP 34823 6327 12 York York NNP 34823 6327 13 are be VBP 34823 6327 14 very very RB 34823 6327 15 great great JJ 34823 6327 16 , , , 34823 6327 17 the the DT 34823 6327 18 range range NN 34823 6327 19 of of IN 34823 6327 20 items item NNS 34823 6327 21 dealt deal VBN 34823 6327 22 in in IN 34823 6327 23 is be VBZ 34823 6327 24 restricted restrict VBN 34823 6327 25 . . . 34823 6328 1 New New NNP 34823 6328 2 York York NNP 34823 6328 3 banks bank NNS 34823 6328 4 can can MD 34823 6328 5 not not RB 34823 6328 6 possibly possibly RB 34823 6328 7 get get VB 34823 6328 8 such such PDT 34823 6328 9 a a DT 34823 6328 10 variety variety NN 34823 6328 11 of of IN 34823 6328 12 collateral collateral NN 34823 6328 13 , , , 34823 6328 14 based base VBN 34823 6328 15 on on IN 34823 6328 16 standardized standardized JJ 34823 6328 17 and and CC 34823 6328 18 readily readily RB 34823 6328 19 marketable marketable JJ 34823 6328 20 goods good NNS 34823 6328 21 and and CC 34823 6328 22 securities security NNS 34823 6328 23 , , , 34823 6328 24 as as IN 34823 6328 25 can can MD 34823 6328 26 London London NNP 34823 6328 27 . . . 34823 6329 1 New New NNP 34823 6329 2 York York NNP 34823 6329 3 , , , 34823 6329 4 consequently consequently RB 34823 6329 5 , , , 34823 6329 6 can can MD 34823 6329 7 not not RB 34823 6329 8 finance finance VB 34823 6329 9 international international JJ 34823 6329 10 trade trade NN 34823 6329 11 , , , 34823 6329 12 save save VB 34823 6329 13 as as IN 34823 6329 14 an an DT 34823 6329 15 auxiliary auxiliary NN 34823 6329 16 to to IN 34823 6329 17 London London NNP 34823 6329 18 -- -- : 34823 6329 19 and and CC 34823 6329 20 New New NNP 34823 6329 21 York York NNP 34823 6329 22 banks bank NNS 34823 6329 23 must must MD 34823 6329 24 have have VB 34823 6329 25 vastly vastly RB 34823 6329 26 more more JJR 34823 6329 27 gold gold NN 34823 6329 28 in in IN 34823 6329 29 their -PRON- PRP$ 34823 6329 30 vaults vault NNS 34823 6329 31 than than IN 34823 6329 32 London London NNP 34823 6329 33 bankers banker NNS 34823 6329 34 need need VBP 34823 6329 35 ! ! . 34823 6330 1 As as IN 34823 6330 2 goods good NNS 34823 6330 3 and and CC 34823 6330 4 securities security NNS 34823 6330 5 become become VBP 34823 6330 6 _ _ NNP 34823 6330 7 more more JJR 34823 6330 8 _ _ NNP 34823 6330 9 marketable marketable JJ 34823 6330 10 , , , 34823 6330 11 gold gold NN 34823 6330 12 -- -- : 34823 6330 13 whose whose WP$ 34823 6330 14 services service NNS 34823 6330 15 are be VBP 34823 6330 16 needed need VBN 34823 6330 17 because because IN 34823 6330 18 of of IN 34823 6330 19 its -PRON- PRP$ 34823 6330 20 _ _ NNP 34823 6330 21 superior superior JJ 34823 6330 22 _ _ NNP 34823 6330 23 marketability marketability NN 34823 6330 24 -- -- : 34823 6330 25 becomes become VBZ 34823 6330 26 _ _ NNP 34823 6330 27 less less RBR 34823 6330 28 _ _ NNP 34823 6330 29 necessary necessary JJ 34823 6330 30 . . . 34823 6331 1 The the DT 34823 6331 2 whole whole JJ 34823 6331 3 story story NN 34823 6331 4 of of IN 34823 6331 5 London London NNP 34823 6331 6 's 's POS 34823 6331 7 organization organization NN 34823 6331 8 would would MD 34823 6331 9 be be VB 34823 6331 10 a a DT 34823 6331 11 long long JJ 34823 6331 12 one one CD 34823 6331 13 . . . 34823 6332 1 London London NNP 34823 6332 2 financial financial JJ 34823 6332 3 institutions institution NNS 34823 6332 4 have have VBP 34823 6332 5 a a DT 34823 6332 6 degree degree NN 34823 6332 7 of of IN 34823 6332 8 expertness expertness NN 34823 6332 9 , , , 34823 6332 10 growing grow VBG 34823 6332 11 out out IN 34823 6332 12 of of IN 34823 6332 13 specialization specialization NN 34823 6332 14 , , , 34823 6332 15 in in IN 34823 6332 16 large large JJ 34823 6332 17 part part NN 34823 6332 18 , , , 34823 6332 19 which which WDT 34823 6332 20 makes make VBZ 34823 6332 21 all all DT 34823 6332 22 manner manner NN 34823 6332 23 of of IN 34823 6332 24 paper paper NN 34823 6332 25 fluid fluid NN 34823 6332 26 in in IN 34823 6332 27 the the DT 34823 6332 28 London London NNP 34823 6332 29 money money NN 34823 6332 30 market market NN 34823 6332 31 which which WDT 34823 6332 32 would would MD 34823 6332 33 lack lack VB 34823 6332 34 fluidity fluidity NN 34823 6332 35 in in IN 34823 6332 36 New New NNP 34823 6332 37 York York NNP 34823 6332 38 . . . 34823 6333 1 The the DT 34823 6333 2 Acceptance Acceptance NNP 34823 6333 3 Houses Houses NNPS 34823 6333 4 are be VBP 34823 6333 5 a a DT 34823 6333 6 sort sort NN 34823 6333 7 of of IN 34823 6333 8 international international JJ 34823 6333 9 Bradstreet Bradstreet NNP 34823 6333 10 and and CC 34823 6333 11 Dun Dun NNP 34823 6333 12 . . . 34823 6334 1 They -PRON- PRP 34823 6334 2 know know VBP 34823 6334 3 intimately intimately RB 34823 6334 4 the the DT 34823 6334 5 standing standing NN 34823 6334 6 and and CC 34823 6334 7 business business NN 34823 6334 8 of of IN 34823 6334 9 houses house NNS 34823 6334 10 all all RB 34823 6334 11 over over IN 34823 6334 12 the the DT 34823 6334 13 world world NN 34823 6334 14 . . . 34823 6335 1 They -PRON- PRP 34823 6335 2 do do VBP 34823 6335 3 not not RB 34823 6335 4 give give VB 34823 6335 5 out out RP 34823 6335 6 their -PRON- PRP$ 34823 6335 7 information information NN 34823 6335 8 , , , 34823 6335 9 but but CC 34823 6335 10 they -PRON- PRP 34823 6335 11 do do VBP 34823 6335 12 put put VB 34823 6335 13 their -PRON- PRP$ 34823 6335 14 stamp stamp NN 34823 6335 15 on on IN 34823 6335 16 the the DT 34823 6335 17 paper paper NN 34823 6335 18 of of IN 34823 6335 19 business business NN 34823 6335 20 houses house NNS 34823 6335 21 , , , 34823 6335 22 thus thus RB 34823 6335 23 standardizing standardize VBG 34823 6335 24 it -PRON- PRP 34823 6335 25 , , , 34823 6335 26 lending lending NN 34823 6335 27 , , , 34823 6335 28 not not RB 34823 6335 29 money money NN 34823 6335 30 , , , 34823 6335 31 but but CC 34823 6335 32 " " `` 34823 6335 33 pure pure JJ 34823 6335 34 credit credit NN 34823 6335 35 , , , 34823 6335 36 " " '' 34823 6335 37 while while IN 34823 6335 38 the the DT 34823 6335 39 other other JJ 34823 6335 40 banks bank NNS 34823 6335 41 , , , 34823 6335 42 relieved relieve VBN 34823 6335 43 of of IN 34823 6335 44 the the DT 34823 6335 45 necessity necessity NN 34823 6335 46 of of IN 34823 6335 47 investigating investigate VBG 34823 6335 48 the the DT 34823 6335 49 paper paper NN 34823 6335 50 , , , 34823 6335 51 can can MD 34823 6335 52 buy buy VB 34823 6335 53 it -PRON- PRP 34823 6335 54 as as IN 34823 6335 55 a a DT 34823 6335 56 miller miller NN 34823 6335 57 might may MD 34823 6335 58 buy buy VB 34823 6335 59 No no UH 34823 6335 60 . . . 34823 6336 1 1 1 CD 34823 6336 2 wheat wheat NN 34823 6336 3 . . . 34823 6337 1 There there EX 34823 6337 2 is be VBZ 34823 6337 3 the the DT 34823 6337 4 extraordinary extraordinary JJ 34823 6337 5 extension extension NN 34823 6337 6 of of IN 34823 6337 7 insurance insurance NN 34823 6337 8 , , , 34823 6337 9 so so IN 34823 6337 10 that that IN 34823 6337 11 virtually virtually RB 34823 6337 12 any any DT 34823 6337 13 kind kind NN 34823 6337 14 of of IN 34823 6337 15 risk risk NN 34823 6337 16 may may MD 34823 6337 17 be be VB 34823 6337 18 shifted shift VBN 34823 6337 19 to to IN 34823 6337 20 those those DT 34823 6337 21 well well RB 34823 6337 22 able able JJ 34823 6337 23 to to TO 34823 6337 24 bear bear VB 34823 6337 25 it -PRON- PRP 34823 6337 26 . . . 34823 6338 1 All all DT 34823 6338 2 this this DT 34823 6338 3 makes make VBZ 34823 6338 4 for for IN 34823 6338 5 liquidity liquidity NN 34823 6338 6 , , , 34823 6338 7 for for IN 34823 6338 8 " " `` 34823 6338 9 static static JJ 34823 6338 10 " " '' 34823 6338 11 conditions condition NNS 34823 6338 12 in in IN 34823 6338 13 the the DT 34823 6338 14 money money NN 34823 6338 15 market market NN 34823 6338 16 , , , 34823 6338 17 and and CC 34823 6338 18 dispenses dispense NNS 34823 6338 19 with with IN 34823 6338 20 the the DT 34823 6338 21 need need NN 34823 6338 22 for for IN 34823 6338 23 gold gold NN 34823 6338 24 . . . 34823 6339 1 As as IN 34823 6339 2 we -PRON- PRP 34823 6339 3 approach approach VBP 34823 6339 4 static static JJ 34823 6339 5 conditions condition NNS 34823 6339 6 , , , 34823 6339 7 we -PRON- PRP 34823 6339 8 need need VBP 34823 6339 9 less less JJR 34823 6339 10 and and CC 34823 6339 11 less less RBR 34823 6339 12 gold gold NN 34823 6339 13 reserve reserve NN 34823 6339 14 behind behind IN 34823 6339 15 bank bank NN 34823 6339 16 demand demand NN 34823 6339 17 liabilities liability NNS 34823 6339 18 . . . 34823 6340 1 _ _ NNP 34823 6340 2 The the DT 34823 6340 3 static static JJ 34823 6340 4 law law NN 34823 6340 5 of of IN 34823 6340 6 bank bank NN 34823 6340 7 reserves reserve NNS 34823 6340 8 is be VBZ 34823 6340 9 that that IN 34823 6340 10 none none NN 34823 6340 11 are be VBP 34823 6340 12 needed need VBN 34823 6340 13 ! ! . 34823 6340 14 _ _ NNP 34823 6340 15 I -PRON- PRP 34823 6340 16 think think VBP 34823 6340 17 we -PRON- PRP 34823 6340 18 have have VBP 34823 6340 19 here here RB 34823 6340 20 the the DT 34823 6340 21 real real JJ 34823 6340 22 reason reason NN 34823 6340 23 why why WRB 34823 6340 24 writers writer NNS 34823 6340 25 who who WP 34823 6340 26 have have VBP 34823 6340 27 sought seek VBN 34823 6340 28 to to TO 34823 6340 29 give give VB 34823 6340 30 us -PRON- PRP 34823 6340 31 the the DT 34823 6340 32 law law NN 34823 6340 33 for for IN 34823 6340 34 a a DT 34823 6340 35 " " `` 34823 6340 36 normal normal JJ 34823 6340 37 " " '' 34823 6340 38 ratio ratio NN 34823 6340 39 have have VBP 34823 6340 40 given give VBN 34823 6340 41 us -PRON- PRP 34823 6340 42 such such JJ 34823 6340 43 vague vague JJ 34823 6340 44 phrases phrase NNS 34823 6340 45 as as IN 34823 6340 46 " " `` 34823 6340 47 shown show VBN 34823 6340 48 by by IN 34823 6340 49 experience experience NN 34823 6340 50 to to TO 34823 6340 51 be be VB 34823 6340 52 necessary necessary JJ 34823 6340 53 , , , 34823 6340 54 " " '' 34823 6340 55 and and CC 34823 6340 56 the the DT 34823 6340 57 like like JJ 34823 6340 58 . . . 34823 6341 1 When when WRB 34823 6341 2 irregularity irregularity NN 34823 6341 3 of of IN 34823 6341 4 income income NN 34823 6341 5 and and CC 34823 6341 6 outgo outgo PRP 34823 6341 7 in in IN 34823 6341 8 a a DT 34823 6341 9 bank bank NN 34823 6341 10 's 's POS 34823 6341 11 business business NN 34823 6341 12 , , , 34823 6341 13 non non JJ 34823 6341 14 - - JJ 34823 6341 15 liquid liquid JJ 34823 6341 16 assets asset NNS 34823 6341 17 , , , 34823 6341 18 business business NN 34823 6341 19 cycles cycle NNS 34823 6341 20 , , , 34823 6341 21 uncertainties uncertainty NNS 34823 6341 22 , , , 34823 6341 23 legislative legislative JJ 34823 6341 24 changes change NNS 34823 6341 25 affecting affect VBG 34823 6341 26 business business NN 34823 6341 27 , , , 34823 6341 28 crop crop NN 34823 6341 29 failures failure NNS 34823 6341 30 , , , 34823 6341 31 changes change NNS 34823 6341 32 in in IN 34823 6341 33 demand demand NN 34823 6341 34 , , , 34823 6341 35 new new JJ 34823 6341 36 inventions invention NNS 34823 6341 37 , , , 34823 6341 38 wars war NNS 34823 6341 39 , , , 34823 6341 40 are be VBP 34823 6341 41 abstracted abstract VBN 34823 6341 42 from from IN 34823 6341 43 , , , 34823 6341 44 no no DT 34823 6341 45 reason reason NN 34823 6341 46 can can MD 34823 6341 47 be be VB 34823 6341 48 given give VBN 34823 6341 49 why why WRB 34823 6341 50 a a DT 34823 6341 51 banker banker NN 34823 6341 52 should should MD 34823 6341 53 keep keep VB 34823 6341 54 any any DT 34823 6341 55 reserve reserve NN 34823 6341 56 at at RB 34823 6341 57 all all RB 34823 6341 58 ! ! . 34823 6342 1 But but CC 34823 6342 2 these these DT 34823 6342 3 things thing NNS 34823 6342 4 are be VBP 34823 6342 5 dynamic dynamic JJ 34823 6342 6 things thing NNS 34823 6342 7 . . . 34823 6343 1 And and CC 34823 6343 2 it -PRON- PRP 34823 6343 3 is be VBZ 34823 6343 4 characteristic characteristic JJ 34823 6343 5 of of IN 34823 6343 6 irregularities irregularity NNS 34823 6343 7 that that IN 34823 6343 8 they -PRON- PRP 34823 6343 9 are be VBP 34823 6343 10 irregular irregular JJ 34823 6343 11 . . . 34823 6344 1 To to TO 34823 6344 2 get get VB 34823 6344 3 a a DT 34823 6344 4 " " `` 34823 6344 5 normal normal JJ 34823 6344 6 " " '' 34823 6344 7 ratio ratio NN 34823 6344 8 out out IN 34823 6344 9 of of IN 34823 6344 10 them -PRON- PRP 34823 6344 11 is be VBZ 34823 6344 12 not not RB 34823 6344 13 easy easy JJ 34823 6344 14 . . . 34823 6345 1 On on IN 34823 6345 2 the the DT 34823 6345 3 static static JJ 34823 6345 4 assumptions assumption NNS 34823 6345 5 , , , 34823 6345 6 an an DT 34823 6345 7 " " `` 34823 6345 8 ideal ideal JJ 34823 6345 9 credit credit NN 34823 6345 10 economy economy NN 34823 6345 11 " " '' 34823 6345 12 is be VBZ 34823 6345 13 perfectly perfectly RB 34823 6345 14 possible possible JJ 34823 6345 15 . . . 34823 6346 1 If if IN 34823 6346 2 everything everything NN 34823 6346 3 that that WDT 34823 6346 4 needs need VBZ 34823 6346 5 to to TO 34823 6346 6 be be VB 34823 6346 7 marketed market VBN 34823 6346 8 is be VBZ 34823 6346 9 perfectly perfectly RB 34823 6346 10 marketable marketable JJ 34823 6346 11 , , , 34823 6346 12 if if IN 34823 6346 13 the the DT 34823 6346 14 stream stream NN 34823 6346 15 of of IN 34823 6346 16 business business NN 34823 6346 17 flows flow VBZ 34823 6346 18 regularly regularly RB 34823 6346 19 and and CC 34823 6346 20 without without IN 34823 6346 21 friction friction NN 34823 6346 22 in in IN 34823 6346 23 the the DT 34823 6346 24 same same JJ 34823 6346 25 channels channel NNS 34823 6346 26 , , , 34823 6346 27 if if IN 34823 6346 28 all all DT 34823 6346 29 contingencies contingency NNS 34823 6346 30 are be VBP 34823 6346 31 foreseen foresee VBN 34823 6346 32 and and CC 34823 6346 33 dated date VBN 34823 6346 34 in in IN 34823 6346 35 advance advance NN 34823 6346 36 , , , 34823 6346 37 a a DT 34823 6346 38 bank bank NN 34823 6346 39 needs need VBZ 34823 6346 40 no no DT 34823 6346 41 cash cash NN 34823 6346 42 reserve reserve NN 34823 6346 43 . . . 34823 6347 1 All all DT 34823 6347 2 payments payment NNS 34823 6347 3 can can MD 34823 6347 4 be be VB 34823 6347 5 made make VBN 34823 6347 6 by by IN 34823 6347 7 bank bank NN 34823 6347 8 - - HYPH 34823 6347 9 credit credit NN 34823 6347 10 . . . 34823 6348 1 Banks bank NNS 34823 6348 2 bookkeeping bookkeepe VBG 34823 6348 3 becomes become VBZ 34823 6348 4 merely merely RB 34823 6348 5 a a DT 34823 6348 6 refinement refinement NN 34823 6348 7 of of IN 34823 6348 8 barter barter NN 34823 6348 9 , , , 34823 6348 10 with with IN 34823 6348 11 _ _ NNP 34823 6348 12 money money NN 34823 6348 13 _ _ NNP 34823 6348 14 remaining remain VBG 34823 6348 15 as as IN 34823 6348 16 a a DT 34823 6348 17 measure measure NN 34823 6348 18 of of IN 34823 6348 19 values value NNS 34823 6348 20 , , , 34823 6348 21 a a DT 34823 6348 22 unit unit NN 34823 6348 23 for for IN 34823 6348 24 reckoning reckoning NN 34823 6348 25 , , , 34823 6348 26 but but CC 34823 6348 27 not not RB 34823 6348 28 being be VBG 34823 6348 29 used use VBN 34823 6348 30 as as IN 34823 6348 31 a a DT 34823 6348 32 medium medium NN 34823 6348 33 of of IN 34823 6348 34 exchange exchange NN 34823 6348 35 , , , 34823 6348 36 or or CC 34823 6348 37 as as IN 34823 6348 38 a a DT 34823 6348 39 bearer bearer NN 34823 6348 40 of of IN 34823 6348 41 options option NNS 34823 6348 42 , , , 34823 6348 43 or or CC 34823 6348 44 in in IN 34823 6348 45 reserves reserve NNS 34823 6348 46 . . . 34823 6349 1 The the DT 34823 6349 2 measure measure NN 34823 6349 3 of of IN 34823 6349 4 values value NNS 34823 6349 5 function function NN 34823 6349 6 is be VBZ 34823 6349 7 the the DT 34823 6349 8 great great JJ 34823 6349 9 static static JJ 34823 6349 10 function function NN 34823 6349 11 of of IN 34823 6349 12 money money NN 34823 6349 13 . . . 34823 6350 1 To to IN 34823 6350 2 the the DT 34823 6350 3 extent extent NN 34823 6350 4 that that IN 34823 6350 5 static static JJ 34823 6350 6 assumptions assumption NNS 34823 6350 7 are be VBP 34823 6350 8 not not RB 34823 6350 9 realized realize VBN 34823 6350 10 , , , 34823 6350 11 we -PRON- PRP 34823 6350 12 need need VBP 34823 6350 13 money money NN 34823 6350 14 in in IN 34823 6350 15 bank bank NN 34823 6350 16 reserves reserve NNS 34823 6350 17 . . . 34823 6351 1 This this DT 34823 6351 2 extent extent NN 34823 6351 3 is be VBZ 34823 6351 4 a a DT 34823 6351 5 thing thing NN 34823 6351 6 that that WDT 34823 6351 7 varies vary VBZ 34823 6351 8 from from IN 34823 6351 9 time time NN 34823 6351 10 to to IN 34823 6351 11 time time NN 34823 6351 12 , , , 34823 6351 13 and and CC 34823 6351 14 from from IN 34823 6351 15 place place NN 34823 6351 16 to to IN 34823 6351 17 place place NN 34823 6351 18 . . . 34823 6352 1 It -PRON- PRP 34823 6352 2 is be VBZ 34823 6352 3 not not RB 34823 6352 4 the the DT 34823 6352 5 same same JJ 34823 6352 6 for for IN 34823 6352 7 a a DT 34823 6352 8 given give VBN 34823 6352 9 place place NN 34823 6352 10 from from IN 34823 6352 11 time time NN 34823 6352 12 to to IN 34823 6352 13 time time NN 34823 6352 14 , , , 34823 6352 15 nor nor CC 34823 6352 16 is be VBZ 34823 6352 17 it -PRON- PRP 34823 6352 18 the the DT 34823 6352 19 same same JJ 34823 6352 20 at at IN 34823 6352 21 all all DT 34823 6352 22 places place NNS 34823 6352 23 at at IN 34823 6352 24 a a DT 34823 6352 25 given give VBN 34823 6352 26 time time NN 34823 6352 27 . . . 34823 6353 1 It -PRON- PRP 34823 6353 2 is be VBZ 34823 6353 3 not not RB 34823 6353 4 the the DT 34823 6353 5 same same JJ 34823 6353 6 for for IN 34823 6353 7 the the DT 34823 6353 8 whole whole JJ 34823 6353 9 world world NN 34823 6353 10 from from IN 34823 6353 11 time time NN 34823 6353 12 to to IN 34823 6353 13 time time NN 34823 6353 14 . . . 34823 6354 1 Since since IN 34823 6354 2 friction friction NN 34823 6354 3 , , , 34823 6354 4 preventing prevent VBG 34823 6354 5 the the DT 34823 6354 6 free free JJ 34823 6354 7 marketing marketing NN 34823 6354 8 of of IN 34823 6354 9 goods good NNS 34823 6354 10 and and CC 34823 6354 11 securities security NNS 34823 6354 12 and and CC 34823 6354 13 services service NNS 34823 6354 14 , , , 34823 6354 15 exists exist VBZ 34823 6354 16 , , , 34823 6354 17 since since IN 34823 6354 18 there there EX 34823 6354 19 are be VBP 34823 6354 20 dynamic dynamic JJ 34823 6354 21 changes change NNS 34823 6354 22 which which WDT 34823 6354 23 require require VBP 34823 6354 24 readjustments readjustment NNS 34823 6354 25 through through IN 34823 6354 26 exchanges exchange NNS 34823 6354 27 , , , 34823 6354 28 we -PRON- PRP 34823 6354 29 need need VBP 34823 6354 30 the the DT 34823 6354 31 work work NN 34823 6354 32 of of IN 34823 6354 33 the the DT 34823 6354 34 banker banker NN 34823 6354 35 and and CC 34823 6354 36 he -PRON- PRP 34823 6354 37 needs need VBZ 34823 6354 38 cash cash NN 34823 6354 39 . . . 34823 6355 1 But but CC 34823 6355 2 there there EX 34823 6355 3 are be VBP 34823 6355 4 other other JJ 34823 6355 5 things thing NNS 34823 6355 6 than than IN 34823 6355 7 money money NN 34823 6355 8 which which WDT 34823 6355 9 make make VBP 34823 6355 10 for for IN 34823 6355 11 the the DT 34823 6355 12 " " `` 34823 6355 13 statification statification NN 34823 6355 14 " " '' 34823 6355 15 of of IN 34823 6355 16 the the DT 34823 6355 17 market market NN 34823 6355 18 . . . 34823 6356 1 The the DT 34823 6356 2 speculator speculator NN 34823 6356 3 does do VBZ 34823 6356 4 it -PRON- PRP 34823 6356 5 . . . 34823 6357 1 And and CC 34823 6357 2 the the DT 34823 6357 3 other other JJ 34823 6357 4 agencies agency NNS 34823 6357 5 of of IN 34823 6357 6 the the DT 34823 6357 7 sort sort NN 34823 6357 8 represented represent VBN 34823 6357 9 in in IN 34823 6357 10 the the DT 34823 6357 11 London London NNP 34823 6357 12 market market NN 34823 6357 13 do do VB 34823 6357 14 it -PRON- PRP 34823 6357 15 . . . 34823 6358 1 They -PRON- PRP 34823 6358 2 are be VBP 34823 6358 3 substitutes substitute NNS 34823 6358 4 for for IN 34823 6358 5 gold gold NN 34823 6358 6 . . . 34823 6359 1 Gold gold NN 34823 6359 2 has have VBZ 34823 6359 3 no no DT 34823 6359 4 monopoly monopoly NN 34823 6359 5 . . . 34823 6360 1 The the DT 34823 6360 2 services service NNS 34823 6360 3 performed perform VBN 34823 6360 4 by by IN 34823 6360 5 gold gold NN 34823 6360 6 can can MD 34823 6360 7 be be VB 34823 6360 8 performed perform VBN 34823 6360 9 in in IN 34823 6360 10 many many JJ 34823 6360 11 other other JJ 34823 6360 12 ways way NNS 34823 6360 13 , , , 34823 6360 14 and and CC 34823 6360 15 by by IN 34823 6360 16 many many JJ 34823 6360 17 other other JJ 34823 6360 18 agencies agency NNS 34823 6360 19 . . . 34823 6361 1 There there EX 34823 6361 2 is be VBZ 34823 6361 3 enormous enormous JJ 34823 6361 4 flexibility flexibility NN 34823 6361 5 in in IN 34823 6361 6 the the DT 34823 6361 7 matter matter NN 34823 6361 8 . . . 34823 6362 1 PART PART NNP 34823 6362 2 IV IV NNP 34823 6362 3 . . . 34823 6363 1 THE the DT 34823 6363 2 RECONCILIATION RECONCILIATION NNP 34823 6363 3 OF of IN 34823 6363 4 STATICS STATICS NNP 34823 6363 5 AND and CC 34823 6363 6 DYNAMICS DYNAMICS NNP 34823 6363 7 CHAPTER CHAPTER NNP 34823 6363 8 XXV XXV NNP 34823 6363 9 THE the DT 34823 6363 10 RECONCILIATION RECONCILIATION NNP 34823 6363 11 OF of IN 34823 6363 12 STATICS STATICS NNP 34823 6363 13 AND and CC 34823 6363 14 DYNAMICS dynamic NNS 34823 6363 15 In in IN 34823 6363 16 the the DT 34823 6363 17 foregoing foregoing JJ 34823 6363 18 discussion discussion NN 34823 6363 19 of of IN 34823 6363 20 the the DT 34823 6363 21 value value NN 34823 6363 22 of of IN 34823 6363 23 money money NN 34823 6363 24 it -PRON- PRP 34823 6363 25 has have VBZ 34823 6363 26 appeared appear VBN 34823 6363 27 that that IN 34823 6363 28 the the DT 34823 6363 29 value value NN 34823 6363 30 of of IN 34823 6363 31 money money NN 34823 6363 32 is be VBZ 34823 6363 33 not not RB 34823 6363 34 an an DT 34823 6363 35 isolated isolated JJ 34823 6363 36 problem problem NN 34823 6363 37 ! ! . 34823 6364 1 Not not RB 34823 6364 2 only only RB 34823 6364 3 have have VBP 34823 6364 4 we -PRON- PRP 34823 6364 5 found find VBN 34823 6364 6 it -PRON- PRP 34823 6364 7 necessary necessary JJ 34823 6364 8 to to TO 34823 6364 9 consider consider VB 34823 6364 10 it -PRON- PRP 34823 6364 11 as as IN 34823 6364 12 part part NN 34823 6364 13 of of IN 34823 6364 14 the the DT 34823 6364 15 general general JJ 34823 6364 16 theory theory NN 34823 6364 17 of of IN 34823 6364 18 value value NN 34823 6364 19 , , , 34823 6364 20 but but CC 34823 6364 21 it -PRON- PRP 34823 6364 22 has have VBZ 34823 6364 23 been be VBN 34823 6364 24 advisable advisable JJ 34823 6364 25 to to TO 34823 6364 26 bring bring VB 34823 6364 27 it -PRON- PRP 34823 6364 28 into into IN 34823 6364 29 relation relation NN 34823 6364 30 with with IN 34823 6364 31 a a DT 34823 6364 32 large large JJ 34823 6364 33 number number NN 34823 6364 34 of of IN 34823 6364 35 the the DT 34823 6364 36 special special JJ 34823 6364 37 theorems theorem NNS 34823 6364 38 of of IN 34823 6364 39 economics economic NNS 34823 6364 40 , , , 34823 6364 41 including include VBG 34823 6364 42 the the DT 34823 6364 43 law law NN 34823 6364 44 of of IN 34823 6364 45 supply supply NN 34823 6364 46 and and CC 34823 6364 47 demand demand NN 34823 6364 48 , , , 34823 6364 49 cost cost NN 34823 6364 50 of of IN 34823 6364 51 production production NN 34823 6364 52 , , , 34823 6364 53 the the DT 34823 6364 54 capitalization capitalization NN 34823 6364 55 theory theory NN 34823 6364 56 , , , 34823 6364 57 the the DT 34823 6364 58 doctrine doctrine NN 34823 6364 59 of of IN 34823 6364 60 appreciation appreciation NN 34823 6364 61 and and CC 34823 6364 62 interest interest NN 34823 6364 63 , , , 34823 6364 64 the the DT 34823 6364 65 theory theory NN 34823 6364 66 of of IN 34823 6364 67 international international JJ 34823 6364 68 gold gold NN 34823 6364 69 movements movement NNS 34823 6364 70 , , , 34823 6364 71 Gresham Gresham NNP 34823 6364 72 's 's POS 34823 6364 73 Law Law NNP 34823 6364 74 , , , 34823 6364 75 the the DT 34823 6364 76 theory theory NN 34823 6364 77 of of IN 34823 6364 78 elastic elastic JJ 34823 6364 79 bank bank NN 34823 6364 80 - - HYPH 34823 6364 81 credit credit NN 34823 6364 82 , , , 34823 6364 83 and and CC 34823 6364 84 the the DT 34823 6364 85 general general JJ 34823 6364 86 theory theory NN 34823 6364 87 of of IN 34823 6364 88 prosperity prosperity NN 34823 6364 89 . . . 34823 6365 1 The the DT 34823 6365 2 book book NN 34823 6365 3 has have VBZ 34823 6365 4 thus thus RB 34823 6365 5 become become VBN 34823 6365 6 a a DT 34823 6365 7 book book NN 34823 6365 8 on on IN 34823 6365 9 general general JJ 34823 6365 10 economic economic JJ 34823 6365 11 theory theory NN 34823 6365 12 , , , 34823 6365 13 viewed view VBN 34823 6365 14 from from IN 34823 6365 15 the the DT 34823 6365 16 standpoint standpoint NN 34823 6365 17 of of IN 34823 6365 18 the the DT 34823 6365 19 theory theory NN 34823 6365 20 of of IN 34823 6365 21 money money NN 34823 6365 22 . . . 34823 6366 1 It -PRON- PRP 34823 6366 2 has have VBZ 34823 6366 3 been be VBN 34823 6366 4 as as IN 34823 6366 5 contributing contribute VBG 34823 6366 6 to to IN 34823 6366 7 the the DT 34823 6366 8 problem problem NN 34823 6366 9 of of IN 34823 6366 10 the the DT 34823 6366 11 value value NN 34823 6366 12 of of IN 34823 6366 13 money money NN 34823 6366 14 that that WDT 34823 6366 15 these these DT 34823 6366 16 other other JJ 34823 6366 17 doctrines doctrine NNS 34823 6366 18 have have VBP 34823 6366 19 been be VBN 34823 6366 20 discussed discuss VBN 34823 6366 21 , , , 34823 6366 22 but but CC 34823 6366 23 I -PRON- PRP 34823 6366 24 trust trust VBP 34823 6366 25 that that IN 34823 6366 26 they -PRON- PRP 34823 6366 27 , , , 34823 6366 28 too too RB 34823 6366 29 , , , 34823 6366 30 have have VBP 34823 6366 31 gained gain VBN 34823 6366 32 something something NN 34823 6366 33 of of IN 34823 6366 34 clarification clarification NN 34823 6366 35 from from IN 34823 6366 36 being be VBG 34823 6366 37 considered consider VBN 34823 6366 38 in in IN 34823 6366 39 this this DT 34823 6366 40 relation relation NN 34823 6366 41 , , , 34823 6366 42 and and CC 34823 6366 43 that that IN 34823 6366 44 the the DT 34823 6366 45 emphasis emphasis NN 34823 6366 46 on on IN 34823 6366 47 the the DT 34823 6366 48 rôle rôle NN 34823 6366 49 of of IN 34823 6366 50 money money NN 34823 6366 51 in in IN 34823 6366 52 general general JJ 34823 6366 53 economic economic JJ 34823 6366 54 theory theory NN 34823 6366 55 has have VBZ 34823 6366 56 helped help VBN 34823 6366 57 in in IN 34823 6366 58 bringing bring VBG 34823 6366 59 the the DT 34823 6366 60 various various JJ 34823 6366 61 elements element NNS 34823 6366 62 in in IN 34823 6366 63 our -PRON- PRP$ 34823 6366 64 current current JJ 34823 6366 65 theory theory NN 34823 6366 66 into into IN 34823 6366 67 a a DT 34823 6366 68 closer close RBR 34823 6366 69 - - HYPH 34823 6366 70 knit knit VBN 34823 6366 71 interdependence interdependence NN 34823 6366 72 . . . 34823 6367 1 The the DT 34823 6367 2 present present JJ 34823 6367 3 chapter chapter NN 34823 6367 4 seeks seek VBZ 34823 6367 5 to to TO 34823 6367 6 carry carry VB 34823 6367 7 the the DT 34823 6367 8 conclusions conclusion NNS 34823 6367 9 so so RB 34823 6367 10 far far RB 34823 6367 11 reached reach VBN 34823 6367 12 toward toward IN 34823 6367 13 a a DT 34823 6367 14 further further JJ 34823 6367 15 unification unification NN 34823 6367 16 of of IN 34823 6367 17 economic economic JJ 34823 6367 18 doctrine doctrine NN 34823 6367 19 , , , 34823 6367 20 by by IN 34823 6367 21 finding find VBG 34823 6367 22 for for IN 34823 6367 23 certain certain JJ 34823 6367 24 contrasts contrast NNS 34823 6367 25 , , , 34823 6367 26 like like IN 34823 6367 27 that that DT 34823 6367 28 between between IN 34823 6367 29 statics static NNS 34823 6367 30 and and CC 34823 6367 31 dynamics dynamic NNS 34823 6367 32 , , , 34823 6367 33 a a DT 34823 6367 34 higher high JJR 34823 6367 35 synthesis synthesis NN 34823 6367 36 , , , 34823 6367 37 so so IN 34823 6367 38 that that IN 34823 6367 39 it -PRON- PRP 34823 6367 40 may may MD 34823 6367 41 be be VB 34823 6367 42 possible possible JJ 34823 6367 43 for for IN 34823 6367 44 students student NNS 34823 6367 45 of of IN 34823 6367 46 dynamics dynamic NNS 34823 6367 47 and and CC 34823 6367 48 students student NNS 34823 6367 49 of of IN 34823 6367 50 statics static NNS 34823 6367 51 to to TO 34823 6367 52 speak speak VB 34823 6367 53 a a DT 34823 6367 54 common common JJ 34823 6367 55 language language NN 34823 6367 56 , , , 34823 6367 57 to to TO 34823 6367 58 use use VB 34823 6367 59 common common JJ 34823 6367 60 measures measure NNS 34823 6367 61 , , , 34823 6367 62 to to TO 34823 6367 63 find find VB 34823 6367 64 that that IN 34823 6367 65 their -PRON- PRP$ 34823 6367 66 phenomena phenomenon NNS 34823 6367 67 are be VBP 34823 6367 68 not not RB 34823 6367 69 , , , 34823 6367 70 after after RB 34823 6367 71 all all RB 34823 6367 72 , , , 34823 6367 73 of of IN 34823 6367 74 essentially essentially RB 34823 6367 75 different different JJ 34823 6367 76 nature nature NN 34823 6367 77 , , , 34823 6367 78 and and CC 34823 6367 79 to to TO 34823 6367 80 come come VB 34823 6367 81 to to IN 34823 6367 82 agreement agreement NN 34823 6367 83 as as IN 34823 6367 84 to to IN 34823 6367 85 the the DT 34823 6367 86 relative relative JJ 34823 6367 87 importance importance NN 34823 6367 88 of of IN 34823 6367 89 " " `` 34823 6367 90 static static JJ 34823 6367 91 " " '' 34823 6367 92 and and CC 34823 6367 93 " " `` 34823 6367 94 dynamic dynamic JJ 34823 6367 95 " " '' 34823 6367 96 tendencies tendency NNS 34823 6367 97 . . . 34823 6368 1 It -PRON- PRP 34823 6368 2 will will MD 34823 6368 3 appear appear VB 34823 6368 4 that that IN 34823 6368 5 the the DT 34823 6368 6 theory theory NN 34823 6368 7 of of IN 34823 6368 8 money money NN 34823 6368 9 and and CC 34823 6368 10 exchange exchange NN 34823 6368 11 plays play VBZ 34823 6368 12 an an DT 34823 6368 13 important important JJ 34823 6368 14 rôle rôle NN 34823 6368 15 in in IN 34823 6368 16 effecting effect VBG 34823 6368 17 that that IN 34823 6368 18 higher high JJR 34823 6368 19 synthesis synthesis NN 34823 6368 20 , , , 34823 6368 21 and and CC 34823 6368 22 is be VBZ 34823 6368 23 itself -PRON- PRP 34823 6368 24 clarified clarify VBN 34823 6368 25 by by IN 34823 6368 26 it -PRON- PRP 34823 6368 27 . . . 34823 6369 1 The the DT 34823 6369 2 " " `` 34823 6369 3 theory theory NN 34823 6369 4 of of IN 34823 6369 5 goods good NNS 34823 6369 6 vs. vs. IN 34823 6369 7 the the DT 34823 6369 8 theory theory NN 34823 6369 9 of of IN 34823 6369 10 prosperity prosperity NN 34823 6369 11 , , , 34823 6369 12 " " '' 34823 6369 13 " " `` 34823 6369 14 statics static NNS 34823 6369 15 vs. vs. FW 34823 6369 16 dynamics dynamic NNS 34823 6369 17 , , , 34823 6369 18 " " '' 34823 6369 19 " " `` 34823 6369 20 normal normal JJ 34823 6369 21 vs. vs. IN 34823 6369 22 transitional transitional JJ 34823 6369 23 tendencies tendency NNS 34823 6369 24 , , , 34823 6369 25 " " '' 34823 6369 26 " " `` 34823 6369 27 long long JJ 34823 6369 28 run run NN 34823 6369 29 vs. vs. IN 34823 6369 30 short short JJ 34823 6369 31 run run NN 34823 6369 32 " " '' 34823 6369 33 laws law NNS 34823 6369 34 , , , 34823 6369 35 " " '' 34823 6369 36 market market NN 34823 6369 37 vs. vs. IN 34823 6369 38 normal normal JJ 34823 6369 39 price price NN 34823 6369 40 , , , 34823 6369 41 " " '' 34823 6369 42 " " `` 34823 6369 43 abstract abstract JJ 34823 6369 44 theory theory NN 34823 6369 45 vs. vs. IN 34823 6369 46 concrete concrete JJ 34823 6369 47 description description NN 34823 6369 48 , , , 34823 6369 49 " " '' 34823 6369 50 " " `` 34823 6369 51 historical historical JJ 34823 6369 52 or or CC 34823 6369 53 evolutionary evolutionary JJ 34823 6369 54 study study NN 34823 6369 55 vs. vs. CC 34823 6369 56 cross cross NN 34823 6369 57 - - NNP 34823 6369 58 section section NN 34823 6369 59 analysis analysis NN 34823 6369 60 , , , 34823 6369 61 " " '' 34823 6369 62 " " `` 34823 6369 63 temporal temporal JJ 34823 6369 64 vs. vs. IN 34823 6369 65 logical logical JJ 34823 6369 66 priority priority NN 34823 6369 67 , , , 34823 6369 68 " " '' 34823 6369 69 " " `` 34823 6369 70 causation causation NN 34823 6369 71 as as IN 34823 6369 72 a a DT 34823 6369 73 temporal temporal JJ 34823 6369 74 sequence sequence NN 34823 6369 75 vs. vs. IN 34823 6369 76 causation causation NN 34823 6369 77 as as IN 34823 6369 78 timeless timeless NN 34823 6369 79 logical logical JJ 34823 6369 80 relationships"--these relationships"--these NN 34823 6369 81 , , , 34823 6369 82 and and CC 34823 6369 83 similar similar JJ 34823 6369 84 contrasts contrast NNS 34823 6369 85 have have VBP 34823 6369 86 appeared appear VBN 34823 6369 87 frequently frequently RB 34823 6369 88 in in IN 34823 6369 89 the the DT 34823 6369 90 history history NN 34823 6369 91 of of IN 34823 6369 92 social social JJ 34823 6369 93 thought thought NN 34823 6369 94 , , , 34823 6369 95 and and CC 34823 6369 96 have have VBP 34823 6369 97 been be VBN 34823 6369 98 especially especially RB 34823 6369 99 refined refine VBN 34823 6369 100 and and CC 34823 6369 101 elaborated elaborate VBN 34823 6369 102 in in IN 34823 6369 103 the the DT 34823 6369 104 history history NN 34823 6369 105 of of IN 34823 6369 106 economics economic NNS 34823 6369 107 . . . 34823 6370 1 We -PRON- PRP 34823 6370 2 have have VBP 34823 6370 3 even even RB 34823 6370 4 compounding compound VBG 34823 6370 5 of of IN 34823 6370 6 the the DT 34823 6370 7 notions notion NNS 34823 6370 8 into into IN 34823 6370 9 more more RBR 34823 6370 10 complicated complicated JJ 34823 6370 11 distinctions distinction NNS 34823 6370 12 , , , 34823 6370 13 as as IN 34823 6370 14 by by IN 34823 6370 15 Seligman,[572 Seligman,[572 NNP 34823 6370 16 ] ] -RRB- 34823 6370 17 in in IN 34823 6370 18 his -PRON- PRP$ 34823 6370 19 two two CD 34823 6370 20 statements statement NNS 34823 6370 21 of of IN 34823 6370 22 the the DT 34823 6370 23 law law NN 34823 6370 24 of of IN 34823 6370 25 costs cost NNS 34823 6370 26 : : : 34823 6370 27 in in IN 34823 6370 28 the the DT 34823 6370 29 short short JJ 34823 6370 30 run run NN 34823 6370 31 , , , 34823 6370 32 normal normal JJ 34823 6370 33 price price NN 34823 6370 34 tends tend VBZ 34823 6370 35 to to TO 34823 6370 36 be be VB 34823 6370 37 the the DT 34823 6370 38 maximum maximum JJ 34823 6370 39 cost cost NN 34823 6370 40 of of IN 34823 6370 41 production production NN 34823 6370 42 ; ; : 34823 6370 43 in in IN 34823 6370 44 the the DT 34823 6370 45 long long JJ 34823 6370 46 run run NN 34823 6370 47 , , , 34823 6370 48 normal normal JJ 34823 6370 49 price price NN 34823 6370 50 tends tend VBZ 34823 6370 51 to to TO 34823 6370 52 be be VB 34823 6370 53 minimum minimum JJ 34823 6370 54 cost cost NN 34823 6370 55 of of IN 34823 6370 56 production production NN 34823 6370 57 . . . 34823 6371 1 Seligman seligman NN 34823 6371 2 has have VBZ 34823 6371 3 illustrated illustrate VBN 34823 6371 4 his -PRON- PRP$ 34823 6371 5 notion notion NN 34823 6371 6 by by IN 34823 6371 7 an an DT 34823 6371 8 adaptation adaptation NN 34823 6371 9 of of IN 34823 6371 10 the the DT 34823 6371 11 familiar familiar JJ 34823 6371 12 figure figure NN 34823 6371 13 of of IN 34823 6371 14 the the DT 34823 6371 15 sea sea NN 34823 6371 16 - - HYPH 34823 6371 17 level level NN 34823 6371 18 and and CC 34823 6371 19 the the DT 34823 6371 20 waves wave NNS 34823 6371 21 : : : 34823 6371 22 for for IN 34823 6371 23 short short JJ 34823 6371 24 - - HYPH 34823 6371 25 run run NN 34823 6371 26 purposes purpose NNS 34823 6371 27 , , , 34823 6371 28 we -PRON- PRP 34823 6371 29 may may MD 34823 6371 30 contrast contrast VB 34823 6371 31 the the DT 34823 6371 32 surface surface NN 34823 6371 33 waves wave NNS 34823 6371 34 , , , 34823 6371 35 the the DT 34823 6371 36 market market NN 34823 6371 37 prices price NNS 34823 6371 38 , , , 34823 6371 39 with with IN 34823 6371 40 the the DT 34823 6371 41 sea sea NN 34823 6371 42 - - HYPH 34823 6371 43 level level NN 34823 6371 44 , , , 34823 6371 45 the the DT 34823 6371 46 normal normal JJ 34823 6371 47 price price NN 34823 6371 48 ; ; : 34823 6371 49 for for IN 34823 6371 50 longer long JJR 34823 6371 51 run run NN 34823 6371 52 purposes purpose NNS 34823 6371 53 we -PRON- PRP 34823 6371 54 may may MD 34823 6371 55 see see VB 34823 6371 56 the the DT 34823 6371 57 level level NN 34823 6371 58 of of IN 34823 6371 59 the the DT 34823 6371 60 sea sea NN 34823 6371 61 itself -PRON- PRP 34823 6371 62 changing change VBG 34823 6371 63 , , , 34823 6371 64 under under IN 34823 6371 65 the the DT 34823 6371 66 influence influence NN 34823 6371 67 of of IN 34823 6371 68 the the DT 34823 6371 69 tide tide NN 34823 6371 70 , , , 34823 6371 71 and and CC 34823 6371 72 may may MD 34823 6371 73 have have VB 34823 6371 74 a a DT 34823 6371 75 dynamic dynamic JJ 34823 6371 76 normal normal JJ 34823 6371 77 , , , 34823 6371 78 which which WDT 34823 6371 79 is be VBZ 34823 6371 80 still still RB 34823 6371 81 to to TO 34823 6371 82 be be VB 34823 6371 83 distinguished distinguish VBN 34823 6371 84 from from IN 34823 6371 85 the the DT 34823 6371 86 fluctuations fluctuation NNS 34823 6371 87 due due IN 34823 6371 88 to to IN 34823 6371 89 the the DT 34823 6371 90 play play NN 34823 6371 91 of of IN 34823 6371 92 winds wind NNS 34823 6371 93 on on IN 34823 6371 94 the the DT 34823 6371 95 surface surface NN 34823 6371 96 . . . 34823 6372 1 We -PRON- PRP 34823 6372 2 have have VBP 34823 6372 3 further further RB 34823 6372 4 an an DT 34823 6372 5 increasing increase VBG 34823 6372 6 recognition recognition NN 34823 6372 7 of of IN 34823 6372 8 the the DT 34823 6372 9 up up NN 34823 6372 10 and and CC 34823 6372 11 down down IN 34823 6372 12 play play NN 34823 6372 13 of of IN 34823 6372 14 forces force NNS 34823 6372 15 accelerating accelerate VBG 34823 6372 16 and and CC 34823 6372 17 retarding retard VBG 34823 6372 18 the the DT 34823 6372 19 processes process NNS 34823 6372 20 of of IN 34823 6372 21 industry industry NN 34823 6372 22 and and CC 34823 6372 23 trade trade NN 34823 6372 24 . . . 34823 6373 1 For for IN 34823 6373 2 earlier early JJR 34823 6373 3 writers writer NNS 34823 6373 4 , , , 34823 6373 5 panics panic NNS 34823 6373 6 and and CC 34823 6373 7 crises crisis NNS 34823 6373 8 were be VBD 34823 6373 9 anomalies anomaly NNS 34823 6373 10 ; ; : 34823 6373 11 since since IN 34823 6373 12 Mill Mill NNP 34823 6373 13 's 's POS 34823 6373 14 _ _ NNP 34823 6373 15 Principles Principles NNPS 34823 6373 16 of of IN 34823 6373 17 Economics Economics NNP 34823 6373 18 _ _ NNP 34823 6373 19 , , , 34823 6373 20 to to TO 34823 6373 21 go go VB 34823 6373 22 back back RB 34823 6373 23 no no RB 34823 6373 24 further further RB 34823 6373 25 , , , 34823 6373 26 we -PRON- PRP 34823 6373 27 have have VBP 34823 6373 28 had have VBN 34823 6373 29 increasing increase VBG 34823 6373 30 recognition recognition NN 34823 6373 31 of of IN 34823 6373 32 such such JJ 34823 6373 33 occurrences occurrence NNS 34823 6373 34 as as IN 34823 6373 35 more more RBR 34823 6373 36 or or CC 34823 6373 37 less less RBR 34823 6373 38 periodic periodic JJ 34823 6373 39 and and CC 34823 6373 40 inevitable inevitable JJ 34823 6373 41 , , , 34823 6373 42 bound bind VBN 34823 6373 43 up up RP 34823 6373 44 in in IN 34823 6373 45 the the DT 34823 6373 46 very very JJ 34823 6373 47 nature nature NN 34823 6373 48 of of IN 34823 6373 49 economic economic JJ 34823 6373 50 life life NN 34823 6373 51 itself -PRON- PRP 34823 6373 52 , , , 34823 6373 53 and and CC 34823 6373 54 of of IN 34823 6373 55 late late JJ 34823 6373 56 there there EX 34823 6373 57 has have VBZ 34823 6373 58 been be VBN 34823 6373 59 a a DT 34823 6373 60 fairly fairly RB 34823 6373 61 general general JJ 34823 6373 62 acceptance acceptance NN 34823 6373 63 of of IN 34823 6373 64 the the DT 34823 6373 65 notion notion NN 34823 6373 66 of of IN 34823 6373 67 the the DT 34823 6373 68 business business NN 34823 6373 69 cycle cycle NN 34823 6373 70 , , , 34823 6373 71 of of IN 34823 6373 72 an an DT 34823 6373 73 alternating alternate VBG 34823 6373 74 rhythm rhythm NN 34823 6373 75 of of IN 34823 6373 76 prosperity prosperity NN 34823 6373 77 and and CC 34823 6373 78 depression depression NN 34823 6373 79 . . . 34823 6374 1 The the DT 34823 6374 2 explanation explanation NN 34823 6374 3 of of IN 34823 6374 4 this this DT 34823 6374 5 alternation alternation NN 34823 6374 6 has have VBZ 34823 6374 7 been be VBN 34823 6374 8 attempted attempt VBN 34823 6374 9 by by IN 34823 6374 10 numerous numerous JJ 34823 6374 11 theories theory NNS 34823 6374 12 , , , 34823 6374 13 one one CD 34823 6374 14 of of IN 34823 6374 15 which which WDT 34823 6374 16 , , , 34823 6374 17 that that DT 34823 6374 18 of of IN 34823 6374 19 Joseph Joseph NNP 34823 6374 20 Schumpeter,[573 Schumpeter,[573 NNP 34823 6374 21 ] ] -RRB- 34823 6374 22 rests rest VBZ 34823 6374 23 the the DT 34823 6374 24 whole whole JJ 34823 6374 25 case case NN 34823 6374 26 definitely definitely RB 34823 6374 27 in in IN 34823 6374 28 the the DT 34823 6374 29 distinction distinction NN 34823 6374 30 between between IN 34823 6374 31 static static JJ 34823 6374 32 and and CC 34823 6374 33 dynamic dynamic JJ 34823 6374 34 tendencies tendency NNS 34823 6374 35 , , , 34823 6374 36 and and CC 34823 6374 37 in in IN 34823 6374 38 the the DT 34823 6374 39 conflict conflict NN 34823 6374 40 between between IN 34823 6374 41 the the DT 34823 6374 42 opposing oppose VBG 34823 6374 43 sets set NNS 34823 6374 44 of of IN 34823 6374 45 forces force NNS 34823 6374 46 which which WDT 34823 6374 47 statics static NNS 34823 6374 48 and and CC 34823 6374 49 dynamics dynamic NNS 34823 6374 50 undertake undertake VBP 34823 6374 51 to to TO 34823 6374 52 describe describe VB 34823 6374 53 . . . 34823 6375 1 We -PRON- PRP 34823 6375 2 are be VBP 34823 6375 3 told tell VBN 34823 6375 4 by by IN 34823 6375 5 the the DT 34823 6375 6 orthodox orthodox JJ 34823 6375 7 economist economist NN 34823 6375 8 that that IN 34823 6375 9 war war NN 34823 6375 10 is be VBZ 34823 6375 11 wasteful wasteful JJ 34823 6375 12 , , , 34823 6375 13 destroying destroy VBG 34823 6375 14 laborers laborer NNS 34823 6375 15 and and CC 34823 6375 16 goods good NNS 34823 6375 17 , , , 34823 6375 18 and and CC 34823 6375 19 lessening lessen VBG 34823 6375 20 the the DT 34823 6375 21 wealth wealth NN 34823 6375 22 and and CC 34823 6375 23 productive productive JJ 34823 6375 24 power power NN 34823 6375 25 of of IN 34823 6375 26 society society NN 34823 6375 27 . . . 34823 6376 1 We -PRON- PRP 34823 6376 2 are be VBP 34823 6376 3 told tell VBN 34823 6376 4 that that IN 34823 6376 5 it -PRON- PRP 34823 6376 6 diverts divert VBZ 34823 6376 7 labor labor NN 34823 6376 8 from from IN 34823 6376 9 productive productive JJ 34823 6376 10 employments employment NNS 34823 6376 11 , , , 34823 6376 12 that that IN 34823 6376 13 it -PRON- PRP 34823 6376 14 turns turn VBZ 34823 6376 15 huge huge JJ 34823 6376 16 masses masse NNS 34823 6376 17 of of IN 34823 6376 18 capital capital NN 34823 6376 19 and and CC 34823 6376 20 labor labor NN 34823 6376 21 to to IN 34823 6376 22 the the DT 34823 6376 23 production production NN 34823 6376 24 of of IN 34823 6376 25 goods good NNS 34823 6376 26 which which WDT 34823 6376 27 men man NNS 34823 6376 28 can can MD 34823 6376 29 not not RB 34823 6376 30 enjoy enjoy VB 34823 6376 31 , , , 34823 6376 32 that that IN 34823 6376 33 it -PRON- PRP 34823 6376 34 burdens burden VBZ 34823 6376 35 the the DT 34823 6376 36 people people NNS 34823 6376 37 with with IN 34823 6376 38 taxes taxis NNS 34823 6376 39 , , , 34823 6376 40 etc etc FW 34823 6376 41 . . . 34823 6377 1 Static static JJ 34823 6377 2 theory theory NN 34823 6377 3 can can MD 34823 6377 4 see see VB 34823 6377 5 nothing nothing NN 34823 6377 6 but but IN 34823 6377 7 evil evil NN 34823 6377 8 in in IN 34823 6377 9 war war NN 34823 6377 10 , , , 34823 6377 11 from from IN 34823 6377 12 the the DT 34823 6377 13 standpoint standpoint NN 34823 6377 14 of of IN 34823 6377 15 minimizing minimize VBG 34823 6377 16 human human JJ 34823 6377 17 sacrifices sacrifice NNS 34823 6377 18 , , , 34823 6377 19 and and CC 34823 6377 20 maximizing maximize VBG 34823 6377 21 human human JJ 34823 6377 22 enjoyments enjoyment NNS 34823 6377 23 . . . 34823 6378 1 None none NN 34823 6378 2 the the DT 34823 6378 3 less less RBR 34823 6378 4 we -PRON- PRP 34823 6378 5 see see VBP 34823 6378 6 many many JJ 34823 6378 7 war war NN 34823 6378 8 periods period NNS 34823 6378 9 -- -- : 34823 6378 10 notably notably RB 34823 6378 11 that that DT 34823 6378 12 of of IN 34823 6378 13 our -PRON- PRP$ 34823 6378 14 Spanish spanish JJ 34823 6378 15 - - HYPH 34823 6378 16 American American NNP 34823 6378 17 War War NNP 34823 6378 18 , , , 34823 6378 19 and and CC 34823 6378 20 the the DT 34823 6378 21 present present JJ 34823 6378 22 World World NNP 34823 6378 23 War War NNP 34823 6378 24 , , , 34823 6378 25 so so RB 34823 6378 26 far far RB 34823 6378 27 as as IN 34823 6378 28 the the DT 34823 6378 29 United United NNP 34823 6378 30 States States NNP 34823 6378 31 are be VBP 34823 6378 32 concerned concern VBN 34823 6378 33 -- -- : 34823 6378 34 periods period NNS 34823 6378 35 of of IN 34823 6378 36 marked marked JJ 34823 6378 37 prosperity prosperity NN 34823 6378 38 , , , 34823 6378 39 growing grow VBG 34823 6378 40 out out IN 34823 6378 41 of of IN 34823 6378 42 the the DT 34823 6378 43 new new JJ 34823 6378 44 expenditures expenditure NNS 34823 6378 45 which which WDT 34823 6378 46 war war NN 34823 6378 47 itself -PRON- PRP 34823 6378 48 involves involve VBZ 34823 6378 49 . . . 34823 6379 1 Mules mule NNS 34823 6379 2 and and CC 34823 6379 3 other other JJ 34823 6379 4 farm farm NN 34823 6379 5 products product NNS 34823 6379 6 rose rise VBD 34823 6379 7 in in IN 34823 6379 8 price price NN 34823 6379 9 with with IN 34823 6379 10 the the DT 34823 6379 11 Spanish spanish JJ 34823 6379 12 - - HYPH 34823 6379 13 American American NNP 34823 6379 14 War War NNP 34823 6379 15 , , , 34823 6379 16 as as IN 34823 6379 17 the the DT 34823 6379 18 Federal Federal NNP 34823 6379 19 Government Government NNP 34823 6379 20 bought buy VBD 34823 6379 21 them -PRON- PRP 34823 6379 22 for for IN 34823 6379 23 the the DT 34823 6379 24 army army NN 34823 6379 25 ; ; : 34823 6379 26 various various JJ 34823 6379 27 factories factory NNS 34823 6379 28 concerned concern VBN 34823 6379 29 particularly particularly RB 34823 6379 30 with with IN 34823 6379 31 war war NN 34823 6379 32 munitions munition NNS 34823 6379 33 increased increase VBD 34823 6379 34 their -PRON- PRP$ 34823 6379 35 activity activity NN 34823 6379 36 , , , 34823 6379 37 the the DT 34823 6379 38 gains gain NNS 34823 6379 39 of of IN 34823 6379 40 factory factory NN 34823 6379 41 owners owner NNS 34823 6379 42 and and CC 34823 6379 43 farmers farmer NNS 34823 6379 44 led lead VBD 34823 6379 45 them -PRON- PRP 34823 6379 46 to to TO 34823 6379 47 increase increase VB 34823 6379 48 their -PRON- PRP$ 34823 6379 49 purchases purchase NNS 34823 6379 50 , , , 34823 6379 51 wages wage NNS 34823 6379 52 rose rise VBD 34823 6379 53 , , , 34823 6379 54 and and CC 34823 6379 55 rose rise VBD 34823 6379 56 in in IN 34823 6379 57 part part NN 34823 6379 58 because because IN 34823 6379 59 part part NN 34823 6379 60 of of IN 34823 6379 61 the the DT 34823 6379 62 labor labor NN 34823 6379 63 force force NN 34823 6379 64 was be VBD 34823 6379 65 in in IN 34823 6379 66 the the DT 34823 6379 67 army army NN 34823 6379 68 . . . 34823 6380 1 The the DT 34823 6380 2 Civil Civil NNP 34823 6380 3 War War NNP 34823 6380 4 did do VBD 34823 6380 5 spell spell VB 34823 6380 6 demoralization demoralization NN 34823 6380 7 and and CC 34823 6380 8 economic economic JJ 34823 6380 9 ruin ruin NN 34823 6380 10 for for IN 34823 6380 11 the the DT 34823 6380 12 South South NNP 34823 6380 13 , , , 34823 6380 14 but but CC 34823 6380 15 for for IN 34823 6380 16 the the DT 34823 6380 17 North North NNP 34823 6380 18 it -PRON- PRP 34823 6380 19 gave give VBD 34823 6380 20 a a DT 34823 6380 21 great great JJ 34823 6380 22 dynamic dynamic JJ 34823 6380 23 impetus impetus NN 34823 6380 24 to to IN 34823 6380 25 trade trade NN 34823 6380 26 , , , 34823 6380 27 transportation transportation NN 34823 6380 28 and and CC 34823 6380 29 industry industry NN 34823 6380 30 -- -- : 34823 6380 31 an an DT 34823 6380 32 impetus impetus NN 34823 6380 33 , , , 34823 6380 34 strangely strangely RB 34823 6380 35 enough enough RB 34823 6380 36 , , , 34823 6380 37 that that DT 34823 6380 38 was be VBD 34823 6380 39 so so RB 34823 6380 40 great great JJ 34823 6380 41 that that IN 34823 6380 42 the the DT 34823 6380 43 new new JJ 34823 6380 44 industries industry NNS 34823 6380 45 and and CC 34823 6380 46 enterprises enterprise NNS 34823 6380 47 which which WDT 34823 6380 48 had have VBD 34823 6380 49 grown grow VBN 34823 6380 50 up up RP 34823 6380 51 were be VBD 34823 6380 52 able able JJ 34823 6380 53 to to TO 34823 6380 54 absorb absorb VB 34823 6380 55 with with IN 34823 6380 56 little little JJ 34823 6380 57 shock shock NN 34823 6380 58 the the DT 34823 6380 59 million million CD 34823 6380 60 men man NNS 34823 6380 61 set set VBN 34823 6380 62 free free JJ 34823 6380 63 from from IN 34823 6380 64 the the DT 34823 6380 65 Northern northern JJ 34823 6380 66 armies army NNS 34823 6380 67 when when WRB 34823 6380 68 the the DT 34823 6380 69 great great JJ 34823 6380 70 struggle struggle NN 34823 6380 71 was be VBD 34823 6380 72 over over RB 34823 6380 73 . . . 34823 6381 1 [ [ -LRB- 34823 6381 2 574 574 CD 34823 6381 3 ] ] -RRB- 34823 6381 4 For for IN 34823 6381 5 static static JJ 34823 6381 6 theory theory NN 34823 6381 7 , , , 34823 6381 8 scarcity scarcity NN 34823 6381 9 is be VBZ 34823 6381 10 an an DT 34823 6381 11 evil evil NN 34823 6381 12 . . . 34823 6382 1 A a DT 34823 6382 2 general general JJ 34823 6382 3 overproduction overproduction NN 34823 6382 4 is be VBZ 34823 6382 5 impossible impossible JJ 34823 6382 6 . . . 34823 6383 1 For for IN 34823 6383 2 the the DT 34823 6383 3 practical practical JJ 34823 6383 4 business business NN 34823 6383 5 man man NN 34823 6383 6 , , , 34823 6383 7 confronted confront VBN 34823 6383 8 with with IN 34823 6383 9 the the DT 34823 6383 10 momentous momentous JJ 34823 6383 11 problem problem NN 34823 6383 12 of of IN 34823 6383 13 marketing market VBG 34823 6383 14 his -PRON- PRP$ 34823 6383 15 output output NN 34823 6383 16 , , , 34823 6383 17 overproduction overproduction NN 34823 6383 18 is be VBZ 34823 6383 19 a a DT 34823 6383 20 vital vital JJ 34823 6383 21 reality reality NN 34823 6383 22 , , , 34823 6383 23 and and CC 34823 6383 24 there there EX 34823 6383 25 are be VBP 34823 6383 26 few few JJ 34823 6383 27 times time NNS 34823 6383 28 indeed indeed RB 34823 6383 29 when when WRB 34823 6383 30 much much RB 34823 6383 31 more more JJR 34823 6383 32 could could MD 34823 6383 33 not not RB 34823 6383 34 be be VB 34823 6383 35 produced produce VBN 34823 6383 36 if if IN 34823 6383 37 only only RB 34823 6383 38 a a DT 34823 6383 39 satisfactory satisfactory JJ 34823 6383 40 market market NN 34823 6383 41 could could MD 34823 6383 42 be be VB 34823 6383 43 found find VBN 34823 6383 44 for for IN 34823 6383 45 it -PRON- PRP 34823 6383 46 . . . 34823 6384 1 Static static JJ 34823 6384 2 theory theory NN 34823 6384 3 would would MD 34823 6384 4 see see VB 34823 6384 5 the the DT 34823 6384 6 whole whole JJ 34823 6384 7 explanation explanation NN 34823 6384 8 of of IN 34823 6384 9 this this DT 34823 6384 10 in in IN 34823 6384 11 maladjustment maladjustment NN 34823 6384 12 , , , 34823 6384 13 too too RB 34823 6384 14 much much JJ 34823 6384 15 of of IN 34823 6384 16 some some DT 34823 6384 17 things thing NNS 34823 6384 18 being be VBG 34823 6384 19 produced produce VBN 34823 6384 20 , , , 34823 6384 21 too too RB 34823 6384 22 little little JJ 34823 6384 23 of of IN 34823 6384 24 others other NNS 34823 6384 25 . . . 34823 6385 1 This this DT 34823 6385 2 simple simple JJ 34823 6385 3 statement statement NN 34823 6385 4 does do VBZ 34823 6385 5 explain explain VB 34823 6385 6 much much JJ 34823 6385 7 of of IN 34823 6385 8 the the DT 34823 6385 9 phenomenon phenomenon NN 34823 6385 10 , , , 34823 6385 11 but but CC 34823 6385 12 it -PRON- PRP 34823 6385 13 is be VBZ 34823 6385 14 far far RB 34823 6385 15 from from IN 34823 6385 16 telling tell VBG 34823 6385 17 the the DT 34823 6385 18 whole whole JJ 34823 6385 19 story story NN 34823 6385 20 , , , 34823 6385 21 and and CC 34823 6385 22 even even RB 34823 6385 23 if if IN 34823 6385 24 it -PRON- PRP 34823 6385 25 were be VBD 34823 6385 26 a a DT 34823 6385 27 complete complete JJ 34823 6385 28 explanation explanation NN 34823 6385 29 , , , 34823 6385 30 it -PRON- PRP 34823 6385 31 would would MD 34823 6385 32 by by IN 34823 6385 33 no no DT 34823 6385 34 means means NN 34823 6385 35 dispose dispose JJ 34823 6385 36 of of IN 34823 6385 37 the the DT 34823 6385 38 reality reality NN 34823 6385 39 of of IN 34823 6385 40 overproduction overproduction NN 34823 6385 41 as as IN 34823 6385 42 a a DT 34823 6385 43 constant constant JJ 34823 6385 44 menace menace NN 34823 6385 45 , , , 34823 6385 46 even even RB 34823 6385 47 when when WRB 34823 6385 48 not not RB 34823 6385 49 a a DT 34823 6385 50 dire dire JJ 34823 6385 51 reality reality NN 34823 6385 52 , , , 34823 6385 53 facing face VBG 34823 6385 54 almost almost RB 34823 6385 55 every every DT 34823 6385 56 business business NN 34823 6385 57 man man NN 34823 6385 58 . . . 34823 6386 1 Static static JJ 34823 6386 2 theory theory NN 34823 6386 3 at at IN 34823 6386 4 best good JJS 34823 6386 5 tells tell VBZ 34823 6386 6 what what WP 34823 6386 7 a a DT 34823 6386 8 completed complete VBN 34823 6386 9 adjustment adjustment NN 34823 6386 10 would would MD 34823 6386 11 be be VB 34823 6386 12 ; ; : 34823 6386 13 it -PRON- PRP 34823 6386 14 does do VBZ 34823 6386 15 not not RB 34823 6386 16 touch touch VB 34823 6386 17 the the DT 34823 6386 18 problem problem NN 34823 6386 19 of of IN 34823 6386 20 how how WRB 34823 6386 21 adjustment adjustment NN 34823 6386 22 is be VBZ 34823 6386 23 brought bring VBN 34823 6386 24 about about RP 34823 6386 25 , , , 34823 6386 26 and and CC 34823 6386 27 maladjustment maladjustment NN 34823 6386 28 overcome overcome NN 34823 6386 29 . . . 34823 6387 1 Yet yet CC 34823 6387 2 just just RB 34823 6387 3 that that DT 34823 6387 4 problem problem NN 34823 6387 5 is be VBZ 34823 6387 6 the the DT 34823 6387 7 vital vital JJ 34823 6387 8 concern concern NN 34823 6387 9 of of IN 34823 6387 10 the the DT 34823 6387 11 business business NN 34823 6387 12 man man NN 34823 6387 13 . . . 34823 6388 1 For for IN 34823 6388 2 static static JJ 34823 6388 3 theory theory NN 34823 6388 4 , , , 34823 6388 5 high high JJ 34823 6388 6 or or CC 34823 6388 7 low low JJ 34823 6388 8 prices price NNS 34823 6388 9 are be VBP 34823 6388 10 matters matter NNS 34823 6388 11 of of IN 34823 6388 12 no no DT 34823 6388 13 concern concern NN 34823 6388 14 . . . 34823 6389 1 And and CC 34823 6389 2 abundance abundance NN 34823 6389 3 or or CC 34823 6389 4 scarcity scarcity NN 34823 6389 5 of of IN 34823 6389 6 money money NN 34823 6389 7 and and CC 34823 6389 8 credit credit NN 34823 6389 9 make make VBP 34823 6389 10 no no DT 34823 6389 11 real real JJ 34823 6389 12 difference difference NN 34823 6389 13 in in IN 34823 6389 14 the the DT 34823 6389 15 economic economic JJ 34823 6389 16 process process NN 34823 6389 17 . . . 34823 6390 1 Abundant abundant JJ 34823 6390 2 money money NN 34823 6390 3 and and CC 34823 6390 4 credit credit NN 34823 6390 5 exhaust exhaust NN 34823 6390 6 themselves -PRON- PRP 34823 6390 7 in in IN 34823 6390 8 raising raise VBG 34823 6390 9 prices price NNS 34823 6390 10 , , , 34823 6390 11 and and CC 34823 6390 12 the the DT 34823 6390 13 rest rest NN 34823 6390 14 of of IN 34823 6390 15 economic economic JJ 34823 6390 16 life life NN 34823 6390 17 goes go VBZ 34823 6390 18 on on IN 34823 6390 19 unchanged unchanged JJ 34823 6390 20 . . . 34823 6391 1 This this DT 34823 6391 2 doctrine doctrine NN 34823 6391 3 of of IN 34823 6391 4 the the DT 34823 6391 5 quantity quantity NN 34823 6391 6 theory theory NN 34823 6391 7 is be VBZ 34823 6391 8 , , , 34823 6391 9 as as IN 34823 6391 10 I -PRON- PRP 34823 6391 11 have have VBP 34823 6391 12 undertaken undertake VBN 34823 6391 13 to to TO 34823 6391 14 show show VB 34823 6391 15 in in IN 34823 6391 16 Part Part NNP 34823 6391 17 II II NNP 34823 6391 18 , , , 34823 6391 19 bad bad JJ 34823 6391 20 even even RB 34823 6391 21 as as IN 34823 6391 22 a a DT 34823 6391 23 matter matter NN 34823 6391 24 of of IN 34823 6391 25 static static JJ 34823 6391 26 theory theory NN 34823 6391 27 . . . 34823 6392 1 But but CC 34823 6392 2 it -PRON- PRP 34823 6392 3 is be VBZ 34823 6392 4 only only RB 34823 6392 5 as as IN 34823 6392 6 a a DT 34823 6392 7 matter matter NN 34823 6392 8 of of IN 34823 6392 9 static static JJ 34823 6392 10 theory theory NN 34823 6392 11 that that IN 34823 6392 12 it -PRON- PRP 34823 6392 13 is be VBZ 34823 6392 14 even even RB 34823 6392 15 thinkable thinkable JJ 34823 6392 16 . . . 34823 6393 1 The the DT 34823 6393 2 economic economic JJ 34823 6393 3 theory theory NN 34823 6393 4 of of IN 34823 6393 5 the the DT 34823 6393 6 19th 19th JJ 34823 6393 7 Century Century NNP 34823 6393 8 , , , 34823 6393 9 following follow VBG 34823 6393 10 the the DT 34823 6393 11 lead lead NN 34823 6393 12 of of IN 34823 6393 13 Adam Adam NNP 34823 6393 14 Smith Smith NNP 34823 6393 15 and and CC 34823 6393 16 Ricardo Ricardo NNP 34823 6393 17 , , , 34823 6393 18 has have VBZ 34823 6393 19 been be VBN 34823 6393 20 accustomed accustom VBN 34823 6393 21 to to TO 34823 6393 22 dismiss dismiss VB 34823 6393 23 as as IN 34823 6393 24 utter utter JJ 34823 6393 25 folly folly RB 34823 6393 26 the the DT 34823 6393 27 notions notion NNS 34823 6393 28 of of IN 34823 6393 29 the the DT 34823 6393 30 Mercantilists Mercantilists NNPS 34823 6393 31 as as IN 34823 6393 32 to to IN 34823 6393 33 the the DT 34823 6393 34 balance balance NN 34823 6393 35 of of IN 34823 6393 36 trade trade NN 34823 6393 37 , , , 34823 6393 38 and and CC 34823 6393 39 the the DT 34823 6393 40 importance importance NN 34823 6393 41 of of IN 34823 6393 42 an an DT 34823 6393 43 inflow inflow NN 34823 6393 44 of of IN 34823 6393 45 gold gold NN 34823 6393 46 , , , 34823 6393 47 and and CC 34823 6393 48 has have VBZ 34823 6393 49 conclusively conclusively RB 34823 6393 50 proved prove VBN 34823 6393 51 that that IN 34823 6393 52 protective protective JJ 34823 6393 53 tariffs tariff NNS 34823 6393 54 tend tend VBP 34823 6393 55 to to TO 34823 6393 56 divert divert VB 34823 6393 57 the the DT 34823 6393 58 labor labor NN 34823 6393 59 , , , 34823 6393 60 capital capital NN 34823 6393 61 and and CC 34823 6393 62 land land NN 34823 6393 63 of of IN 34823 6393 64 a a DT 34823 6393 65 country country NN 34823 6393 66 from from IN 34823 6393 67 those those DT 34823 6393 68 lines line NNS 34823 6393 69 of of IN 34823 6393 70 production production NN 34823 6393 71 they -PRON- PRP 34823 6393 72 are be VBP 34823 6393 73 best well RBS 34823 6393 74 adapted adapt VBN 34823 6393 75 to to IN 34823 6393 76 to to IN 34823 6393 77 lines line NNS 34823 6393 78 for for IN 34823 6393 79 which which WDT 34823 6393 80 they -PRON- PRP 34823 6393 81 are be VBP 34823 6393 82 less less RBR 34823 6393 83 well well RB 34823 6393 84 suited suited JJ 34823 6393 85 . . . 34823 6394 1 Critics critic NNS 34823 6394 2 have have VBP 34823 6394 3 pointed point VBN 34823 6394 4 out out RP 34823 6394 5 , , , 34823 6394 6 as as IN 34823 6394 7 in in IN 34823 6394 8 the the DT 34823 6394 9 " " `` 34823 6394 10 infant infant NN 34823 6394 11 industries industry NNS 34823 6394 12 " " '' 34823 6394 13 argument argument NN 34823 6394 14 , , , 34823 6394 15 that that IN 34823 6394 16 we -PRON- PRP 34823 6394 17 can can MD 34823 6394 18 not not RB 34823 6394 19 treat treat VB 34823 6394 20 the the DT 34823 6394 21 labor labor NN 34823 6394 22 capacity capacity NN 34823 6394 23 and and CC 34823 6394 24 technical technical JJ 34823 6394 25 knowledge knowledge NN 34823 6394 26 of of IN 34823 6394 27 a a DT 34823 6394 28 country country NN 34823 6394 29 as as IN 34823 6394 30 constants constant NNS 34823 6394 31 , , , 34823 6394 32 that that IN 34823 6394 33 the the DT 34823 6394 34 temporary temporary JJ 34823 6394 35 encouragement encouragement NN 34823 6394 36 of of IN 34823 6394 37 one one CD 34823 6394 38 line line NN 34823 6394 39 of of IN 34823 6394 40 industry industry NN 34823 6394 41 by by IN 34823 6394 42 a a DT 34823 6394 43 tariff tariff NN 34823 6394 44 may may MD 34823 6394 45 so so RB 34823 6394 46 modify modify VB 34823 6394 47 the the DT 34823 6394 48 data datum NNS 34823 6394 49 of of IN 34823 6394 50 the the DT 34823 6394 51 situation situation NN 34823 6394 52 that that IN 34823 6394 53 the the DT 34823 6394 54 country country NN 34823 6394 55 may may MD 34823 6394 56 in in IN 34823 6394 57 time time NN 34823 6394 58 become become VB 34823 6394 59 better well RBR 34823 6394 60 adapted adapt VBN 34823 6394 61 to to IN 34823 6394 62 the the DT 34823 6394 63 protected protected JJ 34823 6394 64 industry industry NN 34823 6394 65 than than IN 34823 6394 66 to to IN 34823 6394 67 other other JJ 34823 6394 68 lines line NNS 34823 6394 69 . . . 34823 6395 1 And and CC 34823 6395 2 I -PRON- PRP 34823 6395 3 think think VBP 34823 6395 4 that that IN 34823 6395 5 we -PRON- PRP 34823 6395 6 may may MD 34823 6395 7 well well RB 34823 6395 8 go go VB 34823 6395 9 further far RBR 34823 6395 10 , , , 34823 6395 11 and and CC 34823 6395 12 make make VB 34823 6395 13 substantial substantial JJ 34823 6395 14 concessions concession NNS 34823 6395 15 to to IN 34823 6395 16 the the DT 34823 6395 17 doctrines doctrine NNS 34823 6395 18 of of IN 34823 6395 19 the the DT 34823 6395 20 Mercantilists Mercantilists NNPS 34823 6395 21 as as IN 34823 6395 22 they -PRON- PRP 34823 6395 23 themselves -PRON- PRP 34823 6395 24 stated state VBD 34823 6395 25 them -PRON- PRP 34823 6395 26 , , , 34823 6395 27 seeing see VBG 34823 6395 28 in in IN 34823 6395 29 a a DT 34823 6395 30 favorable favorable JJ 34823 6395 31 balance balance NN 34823 6395 32 of of IN 34823 6395 33 trade trade NN 34823 6395 34 , , , 34823 6395 35 and and CC 34823 6395 36 in in IN 34823 6395 37 expanding expand VBG 34823 6395 38 exports export NNS 34823 6395 39 and and CC 34823 6395 40 diminishing diminish VBG 34823 6395 41 imports import NNS 34823 6395 42 sources source NNS 34823 6395 43 of of IN 34823 6395 44 impetus impetus NN 34823 6395 45 which which WDT 34823 6395 46 are be VBP 34823 6395 47 not not RB 34823 6395 48 subsequently subsequently RB 34823 6395 49 neutralized neutralize VBN 34823 6395 50 by by IN 34823 6395 51 the the DT 34823 6395 52 static static JJ 34823 6395 53 process process NN 34823 6395 54 of of IN 34823 6395 55 equilibration equilibration NN 34823 6395 56 . . . 34823 6396 1 I -PRON- PRP 34823 6396 2 do do VBP 34823 6396 3 not not RB 34823 6396 4 conclude conclude VB 34823 6396 5 from from IN 34823 6396 6 this this DT 34823 6396 7 that that IN 34823 6396 8 protective protective JJ 34823 6396 9 tariffs tariff NNS 34823 6396 10 are be VBP 34823 6396 11 commendable commendable JJ 34823 6396 12 , , , 34823 6396 13 any any DT 34823 6396 14 more more JJR 34823 6396 15 than than IN 34823 6396 16 I -PRON- PRP 34823 6396 17 conclude conclude VBP 34823 6396 18 that that DT 34823 6396 19 war war NN 34823 6396 20 is be VBZ 34823 6396 21 commendable commendable JJ 34823 6396 22 . . . 34823 6397 1 Both both DT 34823 6397 2 may may MD 34823 6397 3 give give VB 34823 6397 4 dynamic dynamic JJ 34823 6397 5 impetus impetus NN 34823 6397 6 , , , 34823 6397 7 and and CC 34823 6397 8 lead lead VB 34823 6397 9 to to IN 34823 6397 10 economic economic JJ 34823 6397 11 development development NN 34823 6397 12 . . . 34823 6398 1 Both both DT 34823 6398 2 may may MD 34823 6398 3 lead lead VB 34823 6398 4 to to IN 34823 6398 5 political political JJ 34823 6398 6 corruption corruption NN 34823 6398 7 , , , 34823 6398 8 to to IN 34823 6398 9 iniquities iniquity NNS 34823 6398 10 in in IN 34823 6398 11 the the DT 34823 6398 12 distribution distribution NN 34823 6398 13 of of IN 34823 6398 14 wealth wealth NN 34823 6398 15 , , , 34823 6398 16 to to TO 34823 6398 17 waste waste VB 34823 6398 18 and and CC 34823 6398 19 suffering suffering NN 34823 6398 20 of of IN 34823 6398 21 various various JJ 34823 6398 22 kinds kind NNS 34823 6398 23 , , , 34823 6398 24 in in IN 34823 6398 25 which which WDT 34823 6398 26 honest honest JJ 34823 6398 27 and and CC 34823 6398 28 patriotic patriotic JJ 34823 6398 29 men man NNS 34823 6398 30 suffer suffer VBP 34823 6398 31 , , , 34823 6398 32 and and CC 34823 6398 33 cunning cunning JJ 34823 6398 34 and and CC 34823 6398 35 unworthy unworthy JJ 34823 6398 36 men man NNS 34823 6398 37 gain gain VBP 34823 6398 38 . . . 34823 6399 1 The the DT 34823 6399 2 point point NN 34823 6399 3 here here RB 34823 6399 4 is be VBZ 34823 6399 5 simply simply RB 34823 6399 6 that that DT 34823 6399 7 static static JJ 34823 6399 8 theory theory NN 34823 6399 9 does do VBZ 34823 6399 10 not not RB 34823 6399 11 tell tell VB 34823 6399 12 the the DT 34823 6399 13 whole whole JJ 34823 6399 14 story story NN 34823 6399 15 regarding regard VBG 34823 6399 16 either either CC 34823 6399 17 tariffs tariff NNS 34823 6399 18 or or CC 34823 6399 19 wars war NNS 34823 6399 20 . . . 34823 6400 1 It -PRON- PRP 34823 6400 2 may may MD 34823 6400 3 well well RB 34823 6400 4 be be VB 34823 6400 5 true true JJ 34823 6400 6 -- -- : 34823 6400 7 I -PRON- PRP 34823 6400 8 think think VBP 34823 6400 9 it -PRON- PRP 34823 6400 10 is be VBZ 34823 6400 11 true true JJ 34823 6400 12 -- -- : 34823 6400 13 that that IN 34823 6400 14 static static JJ 34823 6400 15 theory theory NN 34823 6400 16 offers offer VBZ 34823 6400 17 the the DT 34823 6400 18 more more RBR 34823 6400 19 important important JJ 34823 6400 20 principles principle NNS 34823 6400 21 for for IN 34823 6400 22 judging judge VBG 34823 6400 23 the the DT 34823 6400 24 results result NNS 34823 6400 25 of of IN 34823 6400 26 wars war NNS 34823 6400 27 and and CC 34823 6400 28 tariffs tariff NNS 34823 6400 29 . . . 34823 6401 1 [ [ -LRB- 34823 6401 2 575 575 CD 34823 6401 3 ] ] -RRB- 34823 6401 4 It -PRON- PRP 34823 6401 5 is be VBZ 34823 6401 6 the the DT 34823 6401 7 central central JJ 34823 6401 8 problem problem NN 34823 6401 9 which which WDT 34823 6401 10 I -PRON- PRP 34823 6401 11 have have VBP 34823 6401 12 set set VBN 34823 6401 13 myself -PRON- PRP 34823 6401 14 at at IN 34823 6401 15 the the DT 34823 6401 16 outset outset NN 34823 6401 17 of of IN 34823 6401 18 this this DT 34823 6401 19 discussion discussion NN 34823 6401 20 to to TO 34823 6401 21 find find VB 34823 6401 22 a a DT 34823 6401 23 way way NN 34823 6401 24 to to TO 34823 6401 25 bring bring VB 34823 6401 26 static static JJ 34823 6401 27 and and CC 34823 6401 28 dynamic dynamic JJ 34823 6401 29 considerations consideration NNS 34823 6401 30 _ _ XX 34823 6401 31 under under IN 34823 6401 32 a a DT 34823 6401 33 common common JJ 34823 6401 34 measure measure NN 34823 6401 35 _ _ NNP 34823 6401 36 , , , 34823 6401 37 to to TO 34823 6401 38 reduce reduce VB 34823 6401 39 them -PRON- PRP 34823 6401 40 to to IN 34823 6401 41 homogeneity homogeneity NN 34823 6401 42 so so IN 34823 6401 43 that that IN 34823 6401 44 comparisons comparison NNS 34823 6401 45 may may MD 34823 6401 46 be be VB 34823 6401 47 instituted institute VBN 34823 6401 48 , , , 34823 6401 49 and and CC 34823 6401 50 so so IN 34823 6401 51 that that IN 34823 6401 52 the the DT 34823 6401 53 student student NN 34823 6401 54 of of IN 34823 6401 55 statics static NNS 34823 6401 56 and and CC 34823 6401 57 the the DT 34823 6401 58 student student NN 34823 6401 59 of of IN 34823 6401 60 dynamics dynamic NNS 34823 6401 61 need need VBP 34823 6401 62 not not RB 34823 6401 63 talk talk VB 34823 6401 64 merely merely RB 34823 6401 65 at at IN 34823 6401 66 cross cross NN 34823 6401 67 - - NNS 34823 6401 68 purposes purpose NNS 34823 6401 69 . . . 34823 6402 1 But but CC 34823 6402 2 we -PRON- PRP 34823 6402 3 do do VBP 34823 6402 4 not not RB 34823 6402 5 achieve achieve VB 34823 6402 6 this this DT 34823 6402 7 result result NN 34823 6402 8 by by IN 34823 6402 9 ignoring ignore VBG 34823 6402 10 considerations consideration NNS 34823 6402 11 in in IN 34823 6402 12 either either DT 34823 6402 13 sphere sphere NN 34823 6402 14 . . . 34823 6403 1 Bastiat Bastiat NNP 34823 6403 2 , , , 34823 6403 3 with with IN 34823 6403 4 a a DT 34823 6403 5 fine fine JJ 34823 6403 6 show show NN 34823 6403 7 of of IN 34823 6403 8 logic logic NN 34823 6403 9 , , , 34823 6403 10 has have VBZ 34823 6403 11 sought seek VBN 34823 6403 12 to to TO 34823 6403 13 rule rule VB 34823 6403 14 out out IN 34823 6403 15 of of IN 34823 6403 16 court court NN 34823 6403 17 the the DT 34823 6403 18 doctrines doctrine NNS 34823 6403 19 that that WDT 34823 6403 20 extravagance extravagance NN 34823 6403 21 and and CC 34823 6403 22 tariffs tariff NNS 34823 6403 23 , , , 34823 6403 24 etc etc FW 34823 6403 25 . . FW 34823 6403 26 , , , 34823 6403 27 are be VBP 34823 6403 28 sources source NNS 34823 6403 29 of of IN 34823 6403 30 prosperity prosperity NN 34823 6403 31 by by IN 34823 6403 32 his -PRON- PRP$ 34823 6403 33 emphasis emphasis NN 34823 6403 34 on on IN 34823 6403 35 the the DT 34823 6403 36 " " `` 34823 6403 37 Unseen unseen JJ 34823 6403 38 , , , 34823 6403 39 " " '' 34823 6403 40 as as IN 34823 6403 41 opposed oppose VBN 34823 6403 42 to to IN 34823 6403 43 the the DT 34823 6403 44 " " `` 34823 6403 45 Seen see VBN 34823 6403 46 . . . 34823 6403 47 " " '' 34823 6404 1 The the DT 34823 6404 2 prosperity prosperity NN 34823 6404 3 growing grow VBG 34823 6404 4 out out IN 34823 6404 5 of of IN 34823 6404 6 the the DT 34823 6404 7 extravagant extravagant JJ 34823 6404 8 expenditures expenditure NNS 34823 6404 9 of of IN 34823 6404 10 one one CD 34823 6404 11 brother brother NN 34823 6404 12 is be VBZ 34823 6404 13 open open JJ 34823 6404 14 to to IN 34823 6404 15 all all DT 34823 6404 16 eyes eye NNS 34823 6404 17 . . . 34823 6405 1 The the DT 34823 6405 2 consequences consequence NNS 34823 6405 3 of of IN 34823 6405 4 the the DT 34823 6405 5 savings saving NNS 34823 6405 6 of of IN 34823 6405 7 the the DT 34823 6405 8 frugal frugal JJ 34823 6405 9 brother brother NN 34823 6405 10 men man NNS 34823 6405 11 do do VBP 34823 6405 12 not not RB 34823 6405 13 see see VB 34823 6405 14 so so RB 34823 6405 15 easily easily RB 34823 6405 16 , , , 34823 6405 17 and and CC 34823 6405 18 do do VBP 34823 6405 19 not not RB 34823 6405 20 attribute attribute VB 34823 6405 21 to to IN 34823 6405 22 his -PRON- PRP$ 34823 6405 23 frugality frugality NN 34823 6405 24 . . . 34823 6406 1 Doubtless Doubtless NNP 34823 6406 2 Bastiat Bastiat NNP 34823 6406 3 is be VBZ 34823 6406 4 right right JJ 34823 6406 5 in in IN 34823 6406 6 his -PRON- PRP$ 34823 6406 7 main main JJ 34823 6406 8 these these DT 34823 6406 9 s s NNS 34823 6406 10 . . . 34823 6407 1 But but CC 34823 6407 2 one one CD 34823 6407 3 point point NN 34823 6407 4 needs need VBZ 34823 6407 5 emphasis emphasis NN 34823 6407 6 : : : 34823 6407 7 that that IN 34823 6407 8 which which WDT 34823 6407 9 is be VBZ 34823 6407 10 " " `` 34823 6407 11 Seen see VBN 34823 6407 12 " " '' 34823 6407 13 stirs stir VBZ 34823 6407 14 the the DT 34823 6407 15 imagination imagination NN 34823 6407 16 of of IN 34823 6407 17 men man NNS 34823 6407 18 . . . 34823 6408 1 And and CC 34823 6408 2 imagination imagination NN 34823 6408 3 energizes energize VBZ 34823 6408 4 human human JJ 34823 6408 5 activity activity NN 34823 6408 6 . . . 34823 6409 1 The the DT 34823 6409 2 motivation motivation NN 34823 6409 3 of of IN 34823 6409 4 economic economic JJ 34823 6409 5 life life NN 34823 6409 6 is be VBZ 34823 6409 7 a a DT 34823 6409 8 psychological psychological JJ 34823 6409 9 matter matter NN 34823 6409 10 . . . 34823 6410 1 And and CC 34823 6410 2 so so RB 34823 6410 3 at at IN 34823 6410 4 a a DT 34823 6410 5 host host NN 34823 6410 6 of of IN 34823 6410 7 points point NNS 34823 6410 8 the the DT 34823 6410 9 contrast contrast NN 34823 6410 10 may may MD 34823 6410 11 be be VB 34823 6410 12 drawn draw VBN 34823 6410 13 , , , 34823 6410 14 in in IN 34823 6410 15 one one CD 34823 6410 16 or or CC 34823 6410 17 another another DT 34823 6410 18 form form NN 34823 6410 19 . . . 34823 6411 1 The the DT 34823 6411 2 pure pure JJ 34823 6411 3 , , , 34823 6411 4 abstract abstract JJ 34823 6411 5 , , , 34823 6411 6 static static JJ 34823 6411 7 theory theory NN 34823 6411 8 gives give VBZ 34823 6411 9 one one CD 34823 6411 10 conclusion conclusion NN 34823 6411 11 ; ; : 34823 6411 12 the the DT 34823 6411 13 other other JJ 34823 6411 14 approach approach NN 34823 6411 15 suggests suggest VBZ 34823 6411 16 one one CD 34823 6411 17 different different JJ 34823 6411 18 . . . 34823 6412 1 [ [ -LRB- 34823 6412 2 576 576 CD 34823 6412 3 ] ] -RRB- 34823 6412 4 How how WRB 34823 6412 5 is be VBZ 34823 6412 6 it -PRON- PRP 34823 6412 7 possible possible JJ 34823 6412 8 to to TO 34823 6412 9 give give VB 34823 6412 10 proper proper JJ 34823 6412 11 weight weight NN 34823 6412 12 to to IN 34823 6412 13 considerations consideration NNS 34823 6412 14 drawn draw VBN 34823 6412 15 from from IN 34823 6412 16 such such JJ 34823 6412 17 divergent divergent JJ 34823 6412 18 spheres sphere NNS 34823 6412 19 of of IN 34823 6412 20 thought thought NN 34823 6412 21 ? ? . 34823 6413 1 Indeed indeed RB 34823 6413 2 , , , 34823 6413 3 how how WRB 34823 6413 4 shall shall MD 34823 6413 5 we -PRON- PRP 34823 6413 6 weigh weigh VB 34823 6413 7 the the DT 34823 6413 8 dynamic dynamic JJ 34823 6413 9 considerations consideration NNS 34823 6413 10 at at RB 34823 6413 11 all all RB 34823 6413 12 ? ? . 34823 6414 1 Static static JJ 34823 6414 2 theory theory NN 34823 6414 3 presents present VBZ 34823 6414 4 itself -PRON- PRP 34823 6414 5 in in IN 34823 6414 6 quasi quasi JJ 34823 6414 7 - - JJ 34823 6414 8 mathematical mathematical JJ 34823 6414 9 form form NN 34823 6414 10 . . . 34823 6415 1 At at IN 34823 6415 2 times time NNS 34823 6415 3 , , , 34823 6415 4 it -PRON- PRP 34823 6415 5 parades parade VBZ 34823 6415 6 itself -PRON- PRP 34823 6415 7 in in IN 34823 6415 8 equations equation NNS 34823 6415 9 , , , 34823 6415 10 and and CC 34823 6415 11 it -PRON- PRP 34823 6415 12 readily readily RB 34823 6415 13 enough enough RB 34823 6415 14 , , , 34823 6415 15 without without IN 34823 6415 16 arousing arouse VBG 34823 6415 17 a a DT 34823 6415 18 feeling feeling NN 34823 6415 19 of of IN 34823 6415 20 incongruity incongruity NN 34823 6415 21 , , , 34823 6415 22 expresses express VBZ 34823 6415 23 itself -PRON- PRP 34823 6415 24 in in IN 34823 6415 25 mathematical mathematical JJ 34823 6415 26 curves curve NNS 34823 6415 27 , , , 34823 6415 28 with with IN 34823 6415 29 ordinates ordinate NNS 34823 6415 30 and and CC 34823 6415 31 abscissæ abscissæ NNS 34823 6415 32 . . . 34823 6416 1 One one CD 34823 6416 2 static static JJ 34823 6416 3 tendency tendency NN 34823 6416 4 finds find VBZ 34823 6416 5 itself -PRON- PRP 34823 6416 6 in in IN 34823 6416 7 marginal marginal JJ 34823 6416 8 equilibrium equilibrium NN 34823 6416 9 with with IN 34823 6416 10 another another DT 34823 6416 11 , , , 34823 6416 12 and and CC 34823 6416 13 the the DT 34823 6416 14 margin margin NN 34823 6416 15 is be VBZ 34823 6416 16 expressed express VBN 34823 6416 17 in in IN 34823 6416 18 quantitative quantitative JJ 34823 6416 19 units unit NNS 34823 6416 20 , , , 34823 6416 21 commonly commonly RB 34823 6416 22 sums sum NNS 34823 6416 23 of of IN 34823 6416 24 money money NN 34823 6416 25 . . . 34823 6417 1 Static static JJ 34823 6417 2 doctrine doctrine NN 34823 6417 3 does do VBZ 34823 6417 4 , , , 34823 6417 5 indeed indeed RB 34823 6417 6 , , , 34823 6417 7 lay lie VBD 34823 6417 8 claim claim NN 34823 6417 9 to to IN 34823 6417 10 precision precision NN 34823 6417 11 and and CC 34823 6417 12 exactness exactness NN 34823 6417 13 , , , 34823 6417 14 and and CC 34823 6417 15 static static JJ 34823 6417 16 tendencies tendency NNS 34823 6417 17 may may MD 34823 6417 18 be be VB 34823 6417 19 weighed weigh VBN 34823 6417 20 against against IN 34823 6417 21 one one CD 34823 6417 22 another another DT 34823 6417 23 . . . 34823 6418 1 But but CC 34823 6418 2 how how WRB 34823 6418 3 shall shall MD 34823 6418 4 one one PRP 34823 6418 5 undertake undertake VB 34823 6418 6 to to TO 34823 6418 7 give give VB 34823 6418 8 quantitative quantitative JJ 34823 6418 9 measure measure NN 34823 6418 10 to to IN 34823 6418 11 such such PDT 34823 6418 12 a a DT 34823 6418 13 thing thing NN 34823 6418 14 as as IN 34823 6418 15 the the DT 34823 6418 16 educational educational JJ 34823 6418 17 influence influence NN 34823 6418 18 of of IN 34823 6418 19 a a DT 34823 6418 20 tariff tariff NN 34823 6418 21 on on IN 34823 6418 22 silk silk NN 34823 6418 23 manufacture manufacture NN 34823 6418 24 ? ? . 34823 6419 1 How how WRB 34823 6419 2 measure measure VB 34823 6419 3 the the DT 34823 6419 4 dynamic dynamic JJ 34823 6419 5 impetus impetus NN 34823 6419 6 of of IN 34823 6419 7 a a DT 34823 6419 8 new new JJ 34823 6419 9 chain chain NN 34823 6419 10 of of IN 34823 6419 11 banks bank NNS 34823 6419 12 on on IN 34823 6419 13 the the DT 34823 6419 14 industry industry NN 34823 6419 15 and and CC 34823 6419 16 trade trade NN 34823 6419 17 of of IN 34823 6419 18 the the DT 34823 6419 19 region region NN 34823 6419 20 affected affect VBN 34823 6419 21 ? ? . 34823 6420 1 How how WRB 34823 6420 2 gauge gauge VB 34823 6420 3 the the DT 34823 6420 4 importance importance NN 34823 6420 5 of of IN 34823 6420 6 a a DT 34823 6420 7 new new JJ 34823 6420 8 advertising advertising NN 34823 6420 9 scheme scheme NN 34823 6420 10 , , , 34823 6420 11 or or CC 34823 6420 12 a a DT 34823 6420 13 new new JJ 34823 6420 14 invention invention NN 34823 6420 15 ? ? . 34823 6421 1 Dynamic dynamic JJ 34823 6421 2 considerations consideration NNS 34823 6421 3 are be VBP 34823 6421 4 commonly commonly RB 34823 6421 5 presented present VBN 34823 6421 6 in in IN 34823 6421 7 vaguer vaguer NNP 34823 6421 8 , , , 34823 6421 9 looser loose JJR 34823 6421 10 form form NN 34823 6421 11 than than IN 34823 6421 12 static static JJ 34823 6421 13 theories theory NNS 34823 6421 14 . . . 34823 6422 1 Usually usually RB 34823 6422 2 we -PRON- PRP 34823 6422 3 have have VBP 34823 6422 4 merely merely RB 34823 6422 5 a a DT 34823 6422 6 statement statement NN 34823 6422 7 of of IN 34823 6422 8 a a DT 34823 6422 9 qualitative qualitative JJ 34823 6422 10 tendency tendency NN 34823 6422 11 , , , 34823 6422 12 without without IN 34823 6422 13 effort effort NN 34823 6422 14 to to TO 34823 6422 15 make make VB 34823 6422 16 the the DT 34823 6422 17 importance importance NN 34823 6422 18 of of IN 34823 6422 19 the the DT 34823 6422 20 tendency tendency NN 34823 6422 21 quantitative quantitative JJ 34823 6422 22 . . . 34823 6423 1 Indeed indeed RB 34823 6423 2 , , , 34823 6423 3 I -PRON- PRP 34823 6423 4 think think VBP 34823 6423 5 it -PRON- PRP 34823 6423 6 safe safe JJ 34823 6423 7 to to TO 34823 6423 8 say say VB 34823 6423 9 that that IN 34823 6423 10 one one CD 34823 6423 11 chief chief JJ 34823 6423 12 difference difference NN 34823 6423 13 between between IN 34823 6423 14 statics static NNS 34823 6423 15 and and CC 34823 6423 16 dynamics dynamic NNS 34823 6423 17 is be VBZ 34823 6423 18 that that IN 34823 6423 19 those those DT 34823 6423 20 tendencies tendency NNS 34823 6423 21 which which WDT 34823 6423 22 can can MD 34823 6423 23 be be VB 34823 6423 24 most most RBS 34823 6423 25 easily easily RB 34823 6423 26 formulated formulate VBN 34823 6423 27 have have VBP 34823 6423 28 been be VBN 34823 6423 29 recognized recognize VBN 34823 6423 30 by by IN 34823 6423 31 statics static NNS 34823 6423 32 , , , 34823 6423 33 while while IN 34823 6423 34 those those DT 34823 6423 35 which which WDT 34823 6423 36 are be VBP 34823 6423 37 less less RBR 34823 6423 38 understood understand VBN 34823 6423 39 , , , 34823 6423 40 and and CC 34823 6423 41 less less RBR 34823 6423 42 precisely precisely RB 34823 6423 43 formulated formulate VBN 34823 6423 44 , , , 34823 6423 45 are be VBP 34823 6423 46 left leave VBN 34823 6423 47 to to IN 34823 6423 48 dynamics dynamic NNS 34823 6423 49 ! ! . 34823 6424 1 A a DT 34823 6424 2 big big JJ 34823 6424 3 part part NN 34823 6424 4 of of IN 34823 6424 5 the the DT 34823 6424 6 difference difference NN 34823 6424 7 is be VBZ 34823 6424 8 methodological methodological JJ 34823 6424 9 , , , 34823 6424 10 rather rather RB 34823 6424 11 than than IN 34823 6424 12 inherent inherent JJ 34823 6424 13 in in IN 34823 6424 14 the the DT 34823 6424 15 nature nature NN 34823 6424 16 of of IN 34823 6424 17 the the DT 34823 6424 18 phenomena phenomena NN 34823 6424 19 themselves -PRON- PRP 34823 6424 20 . . . 34823 6425 1 I -PRON- PRP 34823 6425 2 think think VBP 34823 6425 3 that that IN 34823 6425 4 it -PRON- PRP 34823 6425 5 needs need VBZ 34823 6425 6 little little JJ 34823 6425 7 argument argument NN 34823 6425 8 to to TO 34823 6425 9 show show VB 34823 6425 10 that that IN 34823 6425 11 all all PDT 34823 6425 12 the the DT 34823 6425 13 contrasts contrast NNS 34823 6425 14 listed list VBN 34823 6425 15 at at IN 34823 6425 16 the the DT 34823 6425 17 beginning beginning NN 34823 6425 18 of of IN 34823 6425 19 this this DT 34823 6425 20 chapter chapter NN 34823 6425 21 do do VBP 34823 6425 22 not not RB 34823 6425 23 run run VB 34823 6425 24 on on IN 34823 6425 25 all all DT 34823 6425 26 fours four NNS 34823 6425 27 . . . 34823 6426 1 Compare compare VB 34823 6426 2 , , , 34823 6426 3 let let VB 34823 6426 4 us -PRON- PRP 34823 6426 5 say say VB 34823 6426 6 , , , 34823 6426 7 the the DT 34823 6426 8 contrast contrast NN 34823 6426 9 between between IN 34823 6426 10 " " `` 34823 6426 11 statics static NNS 34823 6426 12 and and CC 34823 6426 13 dynamics dynamic NNS 34823 6426 14 " " '' 34823 6426 15 with with IN 34823 6426 16 that that DT 34823 6426 17 between between IN 34823 6426 18 " " `` 34823 6426 19 historical historical JJ 34823 6426 20 and and CC 34823 6426 21 cross cross JJ 34823 6426 22 - - NN 34823 6426 23 section section JJ 34823 6426 24 " " '' 34823 6426 25 study study NN 34823 6426 26 . . . 34823 6427 1 Concrete concrete JJ 34823 6427 2 , , , 34823 6427 3 realistic realistic JJ 34823 6427 4 history history NN 34823 6427 5 is be VBZ 34823 6427 6 not not RB 34823 6427 7 dynamic dynamic JJ 34823 6427 8 theory theory NN 34823 6427 9 . . . 34823 6428 1 A a DT 34823 6428 2 realistic realistic JJ 34823 6428 3 description description NN 34823 6428 4 of of IN 34823 6428 5 society society NN 34823 6428 6 viewed view VBN 34823 6428 7 at at IN 34823 6428 8 a a DT 34823 6428 9 given give VBN 34823 6428 10 short short JJ 34823 6428 11 period period NN 34823 6428 12 of of IN 34823 6428 13 time time NN 34823 6428 14 is be VBZ 34823 6428 15 not not RB 34823 6428 16 static static JJ 34823 6428 17 theory theory NN 34823 6428 18 . . . 34823 6429 1 Both both DT 34823 6429 2 statics static NNS 34823 6429 3 and and CC 34823 6429 4 dynamics dynamic NNS 34823 6429 5 are be VBP 34823 6429 6 _ _ NNP 34823 6429 7 abstract abstract JJ 34823 6429 8 _ _ NNP 34823 6429 9 . . . 34823 6430 1 _ _ NNP 34823 6430 2 Laws Laws NNPS 34823 6430 3 _ _ NNP 34823 6430 4 are be VBP 34823 6430 5 not not RB 34823 6430 6 the the DT 34823 6430 7 same same JJ 34823 6430 8 thing thing NN 34823 6430 9 as as IN 34823 6430 10 description description NN 34823 6430 11 and and CC 34823 6430 12 narration narration NN 34823 6430 13 . . . 34823 6431 1 The the DT 34823 6431 2 assertions assertion NNS 34823 6431 3 of of IN 34823 6431 4 both both DT 34823 6431 5 statics static NNS 34823 6431 6 and and CC 34823 6431 7 dynamics dynamic NNS 34823 6431 8 are be VBP 34823 6431 9 commonly commonly RB 34823 6431 10 made make VBN 34823 6431 11 on on IN 34823 6431 12 the the DT 34823 6431 13 assumption assumption NN 34823 6431 14 , , , 34823 6431 15 " " '' 34823 6431 16 _ _ NNP 34823 6431 17 cæteris cæteris NNP 34823 6431 18 paribus paribus NNP 34823 6431 19 _ _ NNP 34823 6431 20 . . . 34823 6431 21 " " '' 34823 6432 1 A a DT 34823 6432 2 new new JJ 34823 6432 3 bank bank NN 34823 6432 4 will will MD 34823 6432 5 stimulate stimulate VB 34823 6432 6 business business NN 34823 6432 7 in in IN 34823 6432 8 a a DT 34823 6432 9 western western JJ 34823 6432 10 town town NN 34823 6432 11 if if IN 34823 6432 12 bank bank NN 34823 6432 13 - - HYPH 34823 6432 14 robberies robbery NNS 34823 6432 15 do do VBP 34823 6432 16 not not RB 34823 6432 17 come come VB 34823 6432 18 into into IN 34823 6432 19 fashion fashion NN 34823 6432 20 ! ! . 34823 6433 1 A a DT 34823 6433 2 tariff tariff NN 34823 6433 3 on on IN 34823 6433 4 wool wool NN 34823 6433 5 will will MD 34823 6433 6 tend tend VB 34823 6433 7 to to TO 34823 6433 8 educate educate VB 34823 6433 9 the the DT 34823 6433 10 farmers farmer NNS 34823 6433 11 in in IN 34823 6433 12 sheep sheep NN 34823 6433 13 - - HYPH 34823 6433 14 raising raising NN 34823 6433 15 if if IN 34823 6433 16 the the DT 34823 6433 17 habit habit NN 34823 6433 18 of of IN 34823 6433 19 relying rely VBG 34823 6433 20 on on IN 34823 6433 21 governmental governmental JJ 34823 6433 22 assistance assistance NN 34823 6433 23 does do VBZ 34823 6433 24 not not RB 34823 6433 25 develop develop VB 34823 6433 26 , , , 34823 6433 27 and and CC 34823 6433 28 make make VB 34823 6433 29 them -PRON- PRP 34823 6433 30 more more JJR 34823 6433 31 , , , 34823 6433 32 rather rather RB 34823 6433 33 than than IN 34823 6433 34 less less JJR 34823 6433 35 , , , 34823 6433 36 inert,--or inert,--or NNP 34823 6433 37 sharpen sharpen VB 34823 6433 38 their -PRON- PRP$ 34823 6433 39 political political JJ 34823 6433 40 rather rather RB 34823 6433 41 than than IN 34823 6433 42 their -PRON- PRP$ 34823 6433 43 economic economic JJ 34823 6433 44 acumen acuman NNS 34823 6433 45 . . . 34823 6434 1 Concrete concrete JJ 34823 6434 2 history history NN 34823 6434 3 need need VBP 34823 6434 4 not not RB 34823 6434 5 always always RB 34823 6434 6 verify verify VB 34823 6434 7 dynamic dynamic JJ 34823 6434 8 laws law NNS 34823 6434 9 ! ! . 34823 6435 1 [ [ -LRB- 34823 6435 2 577 577 CD 34823 6435 3 ] ] -RRB- 34823 6435 4 It -PRON- PRP 34823 6435 5 is be VBZ 34823 6435 6 , , , 34823 6435 7 above above IN 34823 6435 8 all all DT 34823 6435 9 , , , 34823 6435 10 important important JJ 34823 6435 11 to to TO 34823 6435 12 insist insist VB 34823 6435 13 that that IN 34823 6435 14 the the DT 34823 6435 15 distinction distinction NN 34823 6435 16 between between IN 34823 6435 17 statics static NNS 34823 6435 18 and and CC 34823 6435 19 dynamics dynamic NNS 34823 6435 20 is be VBZ 34823 6435 21 not not RB 34823 6435 22 the the DT 34823 6435 23 same same JJ 34823 6435 24 as as IN 34823 6435 25 the the DT 34823 6435 26 distinction distinction NN 34823 6435 27 between between IN 34823 6435 28 theory theory NN 34823 6435 29 and and CC 34823 6435 30 description description NN 34823 6435 31 , , , 34823 6435 32 or or CC 34823 6435 33 between between IN 34823 6435 34 the the DT 34823 6435 35 abstract abstract JJ 34823 6435 36 and and CC 34823 6435 37 the the DT 34823 6435 38 concrete concrete NN 34823 6435 39 . . . 34823 6436 1 Evolutionary evolutionary JJ 34823 6436 2 study study NN 34823 6436 3 may may MD 34823 6436 4 result result VB 34823 6436 5 either either CC 34823 6436 6 in in IN 34823 6436 7 concrete concrete JJ 34823 6436 8 history history NN 34823 6436 9 , , , 34823 6436 10 or or CC 34823 6436 11 generalized generalize VBD 34823 6436 12 laws law NNS 34823 6436 13 ; ; : 34823 6436 14 cross cross JJ 34823 6436 15 - - NN 34823 6436 16 section section JJ 34823 6436 17 study study NN 34823 6436 18 may may MD 34823 6436 19 be be VB 34823 6436 20 either either CC 34823 6436 21 concrete concrete JJ 34823 6436 22 description description NN 34823 6436 23 or or CC 34823 6436 24 abstract abstract JJ 34823 6436 25 formulæ formulæ NN 34823 6436 26 concerning concern VBG 34823 6436 27 forces force NNS 34823 6436 28 in in IN 34823 6436 29 equilibrium equilibrium NN 34823 6436 30 . . . 34823 6437 1 And and CC 34823 6437 2 there there EX 34823 6437 3 may may MD 34823 6437 4 be be VB 34823 6437 5 varying vary VBG 34823 6437 6 degrees degree NNS 34823 6437 7 of of IN 34823 6437 8 abstractness abstractness NN 34823 6437 9 in in IN 34823 6437 10 both both DT 34823 6437 11 cases case NNS 34823 6437 12 . . . 34823 6438 1 The the DT 34823 6438 2 contrast contrast NN 34823 6438 3 between between IN 34823 6438 4 long long RB 34823 6438 5 - - HYPH 34823 6438 6 run run NN 34823 6438 7 and and CC 34823 6438 8 short short JJ 34823 6438 9 - - HYPH 34823 6438 10 run run NN 34823 6438 11 tendencies tendency NNS 34823 6438 12 is be VBZ 34823 6438 13 not not RB 34823 6438 14 necessarily necessarily RB 34823 6438 15 the the DT 34823 6438 16 same same JJ 34823 6438 17 as as IN 34823 6438 18 that that DT 34823 6438 19 between between IN 34823 6438 20 statics static NNS 34823 6438 21 and and CC 34823 6438 22 dynamics dynamic NNS 34823 6438 23 . . . 34823 6439 1 This this DT 34823 6439 2 former former JJ 34823 6439 3 distinction distinction NN 34823 6439 4 does do VBZ 34823 6439 5 recognize recognize VB 34823 6439 6 one one CD 34823 6439 7 factor factor NN 34823 6439 8 which which WDT 34823 6439 9 is be VBZ 34823 6439 10 sometimes sometimes RB 34823 6439 11 classed class VBN 34823 6439 12 as as IN 34823 6439 13 " " `` 34823 6439 14 dynamic dynamic JJ 34823 6439 15 , , , 34823 6439 16 " " '' 34823 6439 17 namely namely RB 34823 6439 18 , , , 34823 6439 19 " " '' 34823 6439 20 friction friction NN 34823 6439 21 . . . 34823 6439 22 " " '' 34823 6440 1 --"Friction --"friction NN 34823 6440 2 , , , 34823 6440 3 " " `` 34823 6440 4 by by IN 34823 6440 5 the the DT 34823 6440 6 way way NN 34823 6440 7 , , , 34823 6440 8 is be VBZ 34823 6440 9 a a DT 34823 6440 10 blanket blanket NN 34823 6440 11 term term NN 34823 6440 12 which which WDT 34823 6440 13 covers cover VBZ 34823 6440 14 a a DT 34823 6440 15 multitude multitude NN 34823 6440 16 of of IN 34823 6440 17 sins sin NNS 34823 6440 18 of of IN 34823 6440 19 imperfect imperfect JJ 34823 6440 20 analysis analysis NN 34823 6440 21 and and CC 34823 6440 22 lazy lazy JJ 34823 6440 23 thinking thinking NN 34823 6440 24 ! ! . 34823 6441 1 It -PRON- PRP 34823 6441 2 is be VBZ 34823 6441 3 far far RB 34823 6441 4 from from IN 34823 6441 5 a a DT 34823 6441 6 simple simple JJ 34823 6441 7 , , , 34823 6441 8 unitary unitary JJ 34823 6441 9 thing thing NN 34823 6441 10 . . . 34823 6442 1 Sometimes sometimes RB 34823 6442 2 it -PRON- PRP 34823 6442 3 seems seem VBZ 34823 6442 4 to to TO 34823 6442 5 mean mean VB 34823 6442 6 the the DT 34823 6442 7 action action NN 34823 6442 8 of of IN 34823 6442 9 the the DT 34823 6442 10 whole whole JJ 34823 6442 11 social social JJ 34823 6442 12 order order NN 34823 6442 13 , , , 34823 6442 14 other other JJ 34823 6442 15 than than IN 34823 6442 16 the the DT 34823 6442 17 economic economic JJ 34823 6442 18 values!--But values!--But NNP 34823 6442 19 dynamic dynamic JJ 34823 6442 20 , , , 34823 6442 21 as as IN 34823 6442 22 used use VBN 34823 6442 23 by by IN 34823 6442 24 the the DT 34823 6442 25 two two CD 34823 6442 26 writers writer NNS 34823 6442 27 who who WP 34823 6442 28 have have VBP 34823 6442 29 used use VBN 34823 6442 30 the the DT 34823 6442 31 term term NN 34823 6442 32 most most RBS 34823 6442 33 precisely precisely RB 34823 6442 34 , , , 34823 6442 35 J. J. NNP 34823 6443 1 B. B. NNP 34823 6443 2 Clark[578 Clark[578 NNP 34823 6443 3 ] ] -RRB- 34823 6443 4 and and CC 34823 6443 5 J. J. NNP 34823 6443 6 Schumpeter,[579 Schumpeter,[579 NNP 34823 6443 7 ] ] -RRB- 34823 6443 8 is be VBZ 34823 6443 9 reserved reserve VBN 34823 6443 10 for for IN 34823 6443 11 those those DT 34823 6443 12 factors factor NNS 34823 6443 13 in in IN 34823 6443 14 economic economic JJ 34823 6443 15 life life NN 34823 6443 16 which which WDT 34823 6443 17 make make VBP 34823 6443 18 for for IN 34823 6443 19 constructive constructive JJ 34823 6443 20 _ _ NNP 34823 6443 21 change change NN 34823 6443 22 _ _ NNP 34823 6443 23 . . . 34823 6444 1 Neither neither DT 34823 6444 2 writer writer NN 34823 6444 3 would would MD 34823 6444 4 call call VB 34823 6444 5 mere mere JJ 34823 6444 6 habit habit NN 34823 6444 7 and and CC 34823 6444 8 inertia inertia NN 34823 6444 9 , , , 34823 6444 10 which which WDT 34823 6444 11 make make VBP 34823 6444 12 readjustments readjustment NNS 34823 6444 13 slow slow JJ 34823 6444 14 , , , 34823 6444 15 or or CC 34823 6444 16 the the DT 34823 6444 17 necessities necessity NNS 34823 6444 18 of of IN 34823 6444 19 physical physical JJ 34823 6444 20 nature nature NN 34823 6444 21 , , , 34823 6444 22 which which WDT 34823 6444 23 retard retard VBP 34823 6444 24 readjustment readjustment NN 34823 6444 25 , , , 34823 6444 26 by by IN 34823 6444 27 the the DT 34823 6444 28 name name NN 34823 6444 29 , , , 34823 6444 30 " " `` 34823 6444 31 dynamic dynamic JJ 34823 6444 32 . . . 34823 6444 33 " " '' 34823 6445 1 It -PRON- PRP 34823 6445 2 may may MD 34823 6445 3 be be VB 34823 6445 4 noted note VBN 34823 6445 5 , , , 34823 6445 6 in in IN 34823 6445 7 passing pass VBG 34823 6445 8 , , , 34823 6445 9 that that IN 34823 6445 10 both both DT 34823 6445 11 writers writer NNS 34823 6445 12 limit limit VBP 34823 6445 13 the the DT 34823 6445 14 term term NN 34823 6445 15 quite quite RB 34823 6445 16 strictly strictly RB 34823 6445 17 to to IN 34823 6445 18 changes change NNS 34823 6445 19 _ _ NNP 34823 6445 20 in in IN 34823 6445 21 _ _ NNP 34823 6445 22 economic economic JJ 34823 6445 23 life life NN 34823 6445 24 growing grow VBG 34823 6445 25 _ _ XX 34823 6445 26 out out RP 34823 6445 27 of_[580 of_[580 CD 34823 6445 28 ] ] -RRB- 34823 6445 29 economic economic JJ 34823 6445 30 causes cause NNS 34823 6445 31 . . . 34823 6446 1 Schumpeter schumpeter NN 34823 6446 2 narrows narrow VBZ 34823 6446 3 the the DT 34823 6446 4 dynamic dynamic JJ 34823 6446 5 factors factor NNS 34823 6446 6 to to IN 34823 6446 7 one one CD 34823 6446 8 , , , 34823 6446 9 namely namely RB 34823 6446 10 , , , 34823 6446 11 _ _ NNP 34823 6446 12 enterprise enterprise NN 34823 6446 13 _ _ NNP 34823 6446 14 , , , 34823 6446 15 while while IN 34823 6446 16 Clark Clark NNP 34823 6446 17 gives give VBZ 34823 6446 18 five five CD 34823 6446 19 general general JJ 34823 6446 20 classes class NNS 34823 6446 21 of of IN 34823 6446 22 dynamic dynamic JJ 34823 6446 23 factors factor NNS 34823 6446 24 , , , 34823 6446 25 all all DT 34823 6446 26 of of IN 34823 6446 27 which which WDT 34823 6446 28 are be VBP 34823 6446 29 primarily primarily RB 34823 6446 30 economic economic JJ 34823 6446 31 in in IN 34823 6446 32 character character NN 34823 6446 33 . . . 34823 6447 1 Neither neither DT 34823 6447 2 extends extend VBZ 34823 6447 3 his -PRON- PRP$ 34823 6447 4 study study NN 34823 6447 5 to to TO 34823 6447 6 cover cover VB 34823 6447 7 forces force NNS 34823 6447 8 which which WDT 34823 6447 9 are be VBP 34823 6447 10 not not RB 34823 6447 11 primarily primarily RB 34823 6447 12 economic economic JJ 34823 6447 13 in in IN 34823 6447 14 character character NN 34823 6447 15 , , , 34823 6447 16 but but CC 34823 6447 17 which which WDT 34823 6447 18 none none NN 34823 6447 19 the the DT 34823 6447 20 less less JJR 34823 6447 21 lead lead NN 34823 6447 22 to to IN 34823 6447 23 economic economic JJ 34823 6447 24 changes change NNS 34823 6447 25 . . . 34823 6448 1 Again again RB 34823 6448 2 , , , 34823 6448 3 the the DT 34823 6448 4 " " `` 34823 6448 5 theory theory NN 34823 6448 6 of of IN 34823 6448 7 prosperity prosperity NN 34823 6448 8 " " '' 34823 6448 9 is be VBZ 34823 6448 10 not not RB 34823 6448 11 identical identical JJ 34823 6448 12 with with IN 34823 6448 13 " " `` 34823 6448 14 economic economic JJ 34823 6448 15 dynamics dynamic NNS 34823 6448 16 , , , 34823 6448 17 " " '' 34823 6448 18 though though IN 34823 6448 19 the the DT 34823 6448 20 two two CD 34823 6448 21 in in IN 34823 6448 22 large large JJ 34823 6448 23 measure measure NN 34823 6448 24 overlap overlap NN 34823 6448 25 . . . 34823 6449 1 For for IN 34823 6449 2 one one CD 34823 6449 3 thing thing NN 34823 6449 4 , , , 34823 6449 5 while while IN 34823 6449 6 some some DT 34823 6449 7 writers writer NNS 34823 6449 8 , , , 34823 6449 9 as as IN 34823 6449 10 Schumpeter Schumpeter NNP 34823 6449 11 , , , 34823 6449 12 find find VB 34823 6449 13 the the DT 34823 6449 14 business business NN 34823 6449 15 cycle cycle NN 34823 6449 16 to to TO 34823 6449 17 be be VB 34823 6449 18 a a DT 34823 6449 19 necessary necessary JJ 34823 6449 20 consequence consequence NN 34823 6449 21 of of IN 34823 6449 22 dynamic dynamic JJ 34823 6449 23 changes change NNS 34823 6449 24 , , , 34823 6449 25 and and CC 34823 6449 26 would would MD 34823 6449 27 maintain maintain VB 34823 6449 28 that that IN 34823 6449 29 no no DT 34823 6449 30 business business NN 34823 6449 31 cycle cycle NN 34823 6449 32 , , , 34823 6449 33 no no DT 34823 6449 34 up up NN 34823 6449 35 and and CC 34823 6449 36 down down IN 34823 6449 37 of of IN 34823 6449 38 tempo tempo NN 34823 6449 39 in in IN 34823 6449 40 production production NN 34823 6449 41 , , , 34823 6449 42 no no DT 34823 6449 43 panics panic NNS 34823 6449 44 or or CC 34823 6449 45 crises crisis NNS 34823 6449 46 , , , 34823 6449 47 are be VBP 34823 6449 48 necessary necessary JJ 34823 6449 49 if if IN 34823 6449 50 changed change VBN 34823 6449 51 methods method NNS 34823 6449 52 of of IN 34823 6449 53 industry industry NN 34823 6449 54 , , , 34823 6449 55 etc etc FW 34823 6449 56 . . . 34823 6449 57 , , , 34823 6449 58 did do VBD 34823 6449 59 not not RB 34823 6449 60 come come VB 34823 6449 61 in in RB 34823 6449 62 , , , 34823 6449 63 not not RB 34823 6449 64 all all DT 34823 6449 65 writers writer NNS 34823 6449 66 would would MD 34823 6449 67 so so RB 34823 6449 68 explain explain VB 34823 6449 69 the the DT 34823 6449 70 business business NN 34823 6449 71 cycle cycle NN 34823 6449 72 . . . 34823 6450 1 Some some DT 34823 6450 2 writers writer NNS 34823 6450 3 would would MD 34823 6450 4 find find VB 34823 6450 5 the the DT 34823 6450 6 explanation explanation NN 34823 6450 7 in in IN 34823 6450 8 the the DT 34823 6450 9 inherent inherent JJ 34823 6450 10 instability instability NN 34823 6450 11 of of IN 34823 6450 12 a a DT 34823 6450 13 money money NN 34823 6450 14 and and CC 34823 6450 15 credit credit NN 34823 6450 16 economy economy NN 34823 6450 17 , , , 34823 6450 18 some some DT 34823 6450 19 in in IN 34823 6450 20 the the DT 34823 6450 21 inherent inherent JJ 34823 6450 22 weakness weakness NN 34823 6450 23 of of IN 34823 6450 24 a a DT 34823 6450 25 capitalistic capitalistic JJ 34823 6450 26 system system NN 34823 6450 27 , , , 34823 6450 28 quite quite RB 34823 6450 29 apart apart RB 34823 6450 30 from from IN 34823 6450 31 necessary necessary JJ 34823 6450 32 dynamic dynamic JJ 34823 6450 33 change change NN 34823 6450 34 . . . 34823 6451 1 Irving Irving NNP 34823 6451 2 Fisher Fisher NNP 34823 6451 3 makes make VBZ 34823 6451 4 no no DT 34823 6451 5 use use NN 34823 6451 6 of of IN 34823 6451 7 changed change VBN 34823 6451 8 methods method NNS 34823 6451 9 of of IN 34823 6451 10 production production NN 34823 6451 11 in in IN 34823 6451 12 his -PRON- PRP$ 34823 6451 13 explanation explanation NN 34823 6451 14 of of IN 34823 6451 15 business business NN 34823 6451 16 cycles cycle NNS 34823 6451 17 , , , 34823 6451 18 though though IN 34823 6451 19 he -PRON- PRP 34823 6451 20 does do VBZ 34823 6451 21 mention mention VB 34823 6451 22 invention invention NN 34823 6451 23 as as IN 34823 6451 24 one one CD 34823 6451 25 possible possible JJ 34823 6451 26 cause cause NN 34823 6451 27 of of IN 34823 6451 28 a a DT 34823 6451 29 disturbance disturbance NN 34823 6451 30 in in IN 34823 6451 31 normal normal JJ 34823 6451 32 equilibrium equilibrium NN 34823 6451 33 . . . 34823 6452 1 [ [ -LRB- 34823 6452 2 581 581 CD 34823 6452 3 ] ] -RRB- 34823 6452 4 But but CC 34823 6452 5 further far RBR 34823 6452 6 , , , 34823 6452 7 dynamics dynamic NNS 34823 6452 8 is be VBZ 34823 6452 9 largely largely RB 34823 6452 10 concerned concerned JJ 34823 6452 11 with with IN 34823 6452 12 problems problem NNS 34823 6452 13 , , , 34823 6452 14 like like IN 34823 6452 15 invention invention NN 34823 6452 16 , , , 34823 6452 17 changes change NNS 34823 6452 18 in in IN 34823 6452 19 the the DT 34823 6452 20 economic economic JJ 34823 6452 21 habits habit NNS 34823 6452 22 of of IN 34823 6452 23 a a DT 34823 6452 24 people people NNS 34823 6452 25 , , , 34823 6452 26 methods method NNS 34823 6452 27 of of IN 34823 6452 28 organizing organize VBG 34823 6452 29 industry industry NN 34823 6452 30 , , , 34823 6452 31 etc etc FW 34823 6452 32 . . FW 34823 6452 33 , , , 34823 6452 34 which which WDT 34823 6452 35 , , , 34823 6452 36 while while IN 34823 6452 37 they -PRON- PRP 34823 6452 38 may may MD 34823 6452 39 well well RB 34823 6452 40 bear bear VB 34823 6452 41 on on IN 34823 6452 42 the the DT 34823 6452 43 problems problem NNS 34823 6452 44 of of IN 34823 6452 45 prosperity prosperity NN 34823 6452 46 and and CC 34823 6452 47 depression depression NN 34823 6452 48 , , , 34823 6452 49 yet yet CC 34823 6452 50 have have VBP 34823 6452 51 interest interest NN 34823 6452 52 for for IN 34823 6452 53 their -PRON- PRP$ 34823 6452 54 own own JJ 34823 6452 55 sake sake NN 34823 6452 56 , , , 34823 6452 57 and and CC 34823 6452 58 would would MD 34823 6452 59 be be VB 34823 6452 60 studied study VBN 34823 6452 61 if if IN 34823 6452 62 there there EX 34823 6452 63 were be VBD 34823 6452 64 no no DT 34823 6452 65 business business NN 34823 6452 66 cycles cycle NNS 34823 6452 67 . . . 34823 6453 1 Further further RB 34823 6453 2 , , , 34823 6453 3 the the DT 34823 6453 4 notion notion NN 34823 6453 5 of of IN 34823 6453 6 statics static NNS 34823 6453 7 , , , 34823 6453 8 the the DT 34823 6453 9 other other JJ 34823 6453 10 term term NN 34823 6453 11 in in IN 34823 6453 12 the the DT 34823 6453 13 static static JJ 34823 6453 14 - - HYPH 34823 6453 15 dynamic dynamic JJ 34823 6453 16 contrast contrast NN 34823 6453 17 , , , 34823 6453 18 is be VBZ 34823 6453 19 not not RB 34823 6453 20 identical identical JJ 34823 6453 21 with with IN 34823 6453 22 the the DT 34823 6453 23 " " `` 34823 6453 24 theory theory NN 34823 6453 25 of of IN 34823 6453 26 wealth wealth NN 34823 6453 27 , , , 34823 6453 28 " " '' 34823 6453 29 or or CC 34823 6453 30 " " `` 34823 6453 31 theory theory NN 34823 6453 32 of of IN 34823 6453 33 goods good NNS 34823 6453 34 , , , 34823 6453 35 " " '' 34823 6453 36 or or CC 34823 6453 37 " " `` 34823 6453 38 theory theory NN 34823 6453 39 of of IN 34823 6453 40 the the DT 34823 6453 41 wealth wealth NN 34823 6453 42 of of IN 34823 6453 43 nations nation NNS 34823 6453 44 " " '' 34823 6453 45 which which WDT 34823 6453 46 such such PDT 34823 6453 47 a a DT 34823 6453 48 writer writer NN 34823 6453 49 as as IN 34823 6453 50 Veblen[582 Veblen[582 NNP 34823 6453 51 ] ] -RRB- 34823 6453 52 would would MD 34823 6453 53 put put VB 34823 6453 54 in in IN 34823 6453 55 contrast contrast NN 34823 6453 56 with with IN 34823 6453 57 his -PRON- PRP$ 34823 6453 58 " " `` 34823 6453 59 theory theory NN 34823 6453 60 of of IN 34823 6453 61 prosperity prosperity NN 34823 6453 62 . . . 34823 6453 63 " " '' 34823 6454 1 There there EX 34823 6454 2 is be VBZ 34823 6454 3 a a DT 34823 6454 4 normative normative JJ 34823 6454 5 , , , 34823 6454 6 or or CC 34823 6454 7 practical practical JJ 34823 6454 8 , , , 34823 6454 9 and and CC 34823 6454 10 polemical polemical JJ 34823 6454 11 coloring coloring NN 34823 6454 12 in in IN 34823 6454 13 the the DT 34823 6454 14 body body NN 34823 6454 15 of of IN 34823 6454 16 doctrine doctrine NN 34823 6454 17 growing grow VBG 34823 6454 18 out out IN 34823 6454 19 of of IN 34823 6454 20 Adam Adam NNP 34823 6454 21 Smith Smith NNP 34823 6454 22 , , , 34823 6454 23 which which WDT 34823 6454 24 Veblen Veblen NNP 34823 6454 25 would would MD 34823 6454 26 term term VB 34823 6454 27 , , , 34823 6454 28 the the DT 34823 6454 29 " " `` 34823 6454 30 theory theory NN 34823 6454 31 of of IN 34823 6454 32 the the DT 34823 6454 33 wealth wealth NN 34823 6454 34 of of IN 34823 6454 35 nations nation NNS 34823 6454 36 , , , 34823 6454 37 " " '' 34823 6454 38 which which WDT 34823 6454 39 is be VBZ 34823 6454 40 lacking lack VBG 34823 6454 41 in in IN 34823 6454 42 the the DT 34823 6454 43 more more RBR 34823 6454 44 colorless colorless JJ 34823 6454 45 " " `` 34823 6454 46 statics static NNS 34823 6454 47 " " '' 34823 6454 48 of of IN 34823 6454 49 to to IN 34823 6454 50 - - HYPH 34823 6454 51 day day NN 34823 6454 52 . . . 34823 6455 1 I -PRON- PRP 34823 6455 2 do do VBP 34823 6455 3 not not RB 34823 6455 4 find find VB 34823 6455 5 any any DT 34823 6455 6 of of IN 34823 6455 7 the the DT 34823 6455 8 contrasts contrast NNS 34823 6455 9 thus thus RB 34823 6455 10 far far RB 34823 6455 11 discussed discuss VBN 34823 6455 12 quite quite RB 34823 6455 13 satisfactory satisfactory JJ 34823 6455 14 . . . 34823 6456 1 I -PRON- PRP 34823 6456 2 have have VBP 34823 6456 3 been be VBN 34823 6456 4 using use VBG 34823 6456 5 the the DT 34823 6456 6 terms term NNS 34823 6456 7 , , , 34823 6456 8 statics static NNS 34823 6456 9 and and CC 34823 6456 10 dynamics dynamic NNS 34823 6456 11 , , , 34823 6456 12 as as IN 34823 6456 13 general general JJ 34823 6456 14 terms term NNS 34823 6456 15 to to TO 34823 6456 16 cover cover VB 34823 6456 17 all all PDT 34823 6456 18 these these DT 34823 6456 19 contrasts contrast NNS 34823 6456 20 . . . 34823 6457 1 I -PRON- PRP 34823 6457 2 shall shall MD 34823 6457 3 try try VB 34823 6457 4 to to TO 34823 6457 5 formulate formulate VB 34823 6457 6 a a DT 34823 6457 7 general general JJ 34823 6457 8 contrast contrast NN 34823 6457 9 which which WDT 34823 6457 10 includes include VBZ 34823 6457 11 most most JJS 34823 6457 12 of of IN 34823 6457 13 the the DT 34823 6457 14 ideas idea NNS 34823 6457 15 passed pass VBN 34823 6457 16 in in IN 34823 6457 17 review review NN 34823 6457 18 , , , 34823 6457 19 from from IN 34823 6457 20 a a DT 34823 6457 21 somewhat somewhat RB 34823 6457 22 different different JJ 34823 6457 23 angle angle NN 34823 6457 24 , , , 34823 6457 25 and and CC 34823 6457 26 then then RB 34823 6457 27 try try VB 34823 6457 28 to to TO 34823 6457 29 show show VB 34823 6457 30 that that IN 34823 6457 31 the the DT 34823 6457 32 contrast contrast NN 34823 6457 33 , , , 34823 6457 34 while while IN 34823 6457 35 useful useful JJ 34823 6457 36 , , , 34823 6457 37 is be VBZ 34823 6457 38 not not RB 34823 6457 39 absolute absolute JJ 34823 6457 40 , , , 34823 6457 41 and and CC 34823 6457 42 that that IN 34823 6457 43 it -PRON- PRP 34823 6457 44 is be VBZ 34823 6457 45 possible possible JJ 34823 6457 46 to to TO 34823 6457 47 measure measure VB 34823 6457 48 considerations consideration NNS 34823 6457 49 drawn draw VBN 34823 6457 50 from from IN 34823 6457 51 one one CD 34823 6457 52 viewpoint viewpoint NN 34823 6457 53 in in IN 34823 6457 54 terms term NNS 34823 6457 55 of of IN 34823 6457 56 considerations consideration NNS 34823 6457 57 drawn draw VBN 34823 6457 58 from from IN 34823 6457 59 the the DT 34823 6457 60 other other JJ 34823 6457 61 . . . 34823 6458 1 Let let VB 34823 6458 2 us -PRON- PRP 34823 6458 3 take take VB 34823 6458 4 as as IN 34823 6458 5 our -PRON- PRP$ 34823 6458 6 starting starting NN 34823 6458 7 point point VBP 34823 6458 8 the the DT 34823 6458 9 notion notion NN 34823 6458 10 of of IN 34823 6458 11 a a DT 34823 6458 12 cross cross JJ 34823 6458 13 - - JJ 34823 6458 14 section section NN 34823 6458 15 picture picture NN 34823 6458 16 of of IN 34823 6458 17 society society NN 34823 6458 18 . . . 34823 6459 1 I -PRON- PRP 34823 6459 2 have have VBP 34823 6459 3 set set VBN 34823 6459 4 forth forth RP 34823 6459 5 this this DT 34823 6459 6 notion notion NN 34823 6459 7 in in IN 34823 6459 8 ch ch NNP 34823 6459 9 . . . 34823 6460 1 13 13 CD 34823 6460 2 of of IN 34823 6460 3 my -PRON- PRP$ 34823 6460 4 _ _ NNP 34823 6460 5 Social Social NNP 34823 6460 6 Value Value NNP 34823 6460 7 _ _ NNP 34823 6460 8 , , , 34823 6460 9 and and CC 34823 6460 10 have have VBP 34823 6460 11 elaborated elaborate VBN 34823 6460 12 it -PRON- PRP 34823 6460 13 in in IN 34823 6460 14 the the DT 34823 6460 15 discussion discussion NN 34823 6460 16 of of IN 34823 6460 17 von von NNP 34823 6460 18 Mises Mises NNP 34823 6460 19 ' ' POS 34823 6460 20 theory theory NN 34823 6460 21 in in IN 34823 6460 22 the the DT 34823 6460 23 chapter chapter NN 34823 6460 24 on on IN 34823 6460 25 " " `` 34823 6460 26 Marginal Marginal NNP 34823 6460 27 Utility Utility NNP 34823 6460 28 " " '' 34823 6460 29 in in IN 34823 6460 30 this this DT 34823 6460 31 book book NN 34823 6460 32 . . . 34823 6461 1 A a DT 34823 6461 2 cross cross JJ 34823 6461 3 - - JJ 34823 6461 4 section section NN 34823 6461 5 picture picture NN 34823 6461 6 may may MD 34823 6461 7 be be VB 34823 6461 8 made make VBN 34823 6461 9 more more RBR 34823 6461 10 or or CC 34823 6461 11 less less RBR 34823 6461 12 concrete concrete JJ 34823 6461 13 and and CC 34823 6461 14 descriptive descriptive JJ 34823 6461 15 , , , 34823 6461 16 or or CC 34823 6461 17 abstract abstract JJ 34823 6461 18 and and CC 34823 6461 19 analytical analytical JJ 34823 6461 20 . . . 34823 6462 1 If if IN 34823 6462 2 one one CD 34823 6462 3 looks look VBZ 34823 6462 4 at at IN 34823 6462 5 the the DT 34823 6462 6 picture picture NN 34823 6462 7 of of IN 34823 6462 8 society society NN 34823 6462 9 in in IN 34823 6462 10 cross cross JJ 34823 6462 11 - - NN 34823 6462 12 section section NN 34823 6462 13 as as IN 34823 6462 14 given give VBN 34823 6462 15 by by IN 34823 6462 16 Giddings Giddings NNPS 34823 6462 17 in in IN 34823 6462 18 his -PRON- PRP$ 34823 6462 19 _ _ NNP 34823 6462 20 Principles Principles NNPS 34823 6462 21 of of IN 34823 6462 22 Sociology Sociology NNP 34823 6462 23 _ _ NNP 34823 6462 24 ( ( -LRB- 34823 6462 25 Bk Bk NNP 34823 6462 26 . . . 34823 6463 1 II II NNP 34823 6463 2 , , , 34823 6463 3 chapters chapter NNS 34823 6463 4 on on IN 34823 6463 5 " " `` 34823 6463 6 The the DT 34823 6463 7 Social Social NNP 34823 6463 8 Population Population NNP 34823 6463 9 , , , 34823 6463 10 " " '' 34823 6463 11 " " `` 34823 6463 12 The the DT 34823 6463 13 Social social JJ 34823 6463 14 Mind mind NN 34823 6463 15 , , , 34823 6463 16 " " '' 34823 6463 17 " " `` 34823 6463 18 The the DT 34823 6463 19 Social Social NNP 34823 6463 20 Composition Composition NNP 34823 6463 21 , , , 34823 6463 22 " " '' 34823 6463 23 and and CC 34823 6463 24 " " `` 34823 6463 25 The the DT 34823 6463 26 Social Social NNP 34823 6463 27 Constitution Constitution NNP 34823 6463 28 " " '' 34823 6463 29 ) ) -RRB- 34823 6463 30 , , , 34823 6463 31 one one PRP 34823 6463 32 finds find VBZ 34823 6463 33 a a DT 34823 6463 34 picture picture NN 34823 6463 35 in in IN 34823 6463 36 which which WDT 34823 6463 37 organization organization NN 34823 6463 38 and and CC 34823 6463 39 system system NN 34823 6463 40 are be VBP 34823 6463 41 made make VBN 34823 6463 42 clear clear JJ 34823 6463 43 , , , 34823 6463 44 but but CC 34823 6463 45 in in IN 34823 6463 46 which which WDT 34823 6463 47 vivid vivid JJ 34823 6463 48 description description NN 34823 6463 49 of of IN 34823 6463 50 concrete concrete JJ 34823 6463 51 social social JJ 34823 6463 52 facts fact NNS 34823 6463 53 is be VBZ 34823 6463 54 the the DT 34823 6463 55 primary primary JJ 34823 6463 56 concern concern NN 34823 6463 57 . . . 34823 6464 1 The the DT 34823 6464 2 account account NN 34823 6464 3 given give VBN 34823 6464 4 is be VBZ 34823 6464 5 largely largely RB 34823 6464 6 qualitative qualitative JJ 34823 6464 7 rather rather RB 34823 6464 8 than than IN 34823 6464 9 quantitative quantitative JJ 34823 6464 10 . . . 34823 6465 1 It -PRON- PRP 34823 6465 2 is be VBZ 34823 6465 3 a a DT 34823 6465 4 picture picture NN 34823 6465 5 of of IN 34823 6465 6 flesh flesh NN 34823 6465 7 and and CC 34823 6465 8 blood blood NN 34823 6465 9 , , , 34823 6465 10 as as RB 34823 6465 11 well well RB 34823 6465 12 as as IN 34823 6465 13 an an DT 34823 6465 14 account account NN 34823 6465 15 of of IN 34823 6465 16 functioning functioning NN 34823 6465 17 . . . 34823 6466 1 It -PRON- PRP 34823 6466 2 is be VBZ 34823 6466 3 , , , 34823 6466 4 perhaps perhaps RB 34823 6466 5 , , , 34823 6466 6 not not RB 34823 6466 7 easy easy JJ 34823 6466 8 to to TO 34823 6466 9 realize realize VB 34823 6466 10 that that IN 34823 6466 11 Giddings Giddings NNP 34823 6466 12 is be VBZ 34823 6466 13 doing do VBG 34823 6466 14 the the DT 34823 6466 15 same same JJ 34823 6466 16 general general JJ 34823 6466 17 sort sort NN 34823 6466 18 of of IN 34823 6466 19 thing thing NN 34823 6466 20 that that WDT 34823 6466 21 the the DT 34823 6466 22 pure pure JJ 34823 6466 23 economic economic JJ 34823 6466 24 theorist theorist NN 34823 6466 25 is be VBZ 34823 6466 26 doing do VBG 34823 6466 27 , , , 34823 6466 28 with with IN 34823 6466 29 his -PRON- PRP$ 34823 6466 30 picture picture NN 34823 6466 31 of of IN 34823 6466 32 a a DT 34823 6466 33 static static JJ 34823 6466 34 equilibrium equilibrium NN 34823 6466 35 of of IN 34823 6466 36 economic economic JJ 34823 6466 37 values value NNS 34823 6466 38 . . . 34823 6467 1 But but CC 34823 6467 2 what what WDT 34823 6467 3 economic economic JJ 34823 6467 4 theory theory NN 34823 6467 5 is be VBZ 34823 6467 6 concerned concern VBN 34823 6467 7 with with IN 34823 6467 8 is be VBZ 34823 6467 9 , , , 34823 6467 10 after after RB 34823 6467 11 all all RB 34823 6467 12 , , , 34823 6467 13 to to TO 34823 6467 14 be be VB 34823 6467 15 found find VBN 34823 6467 16 in in IN 34823 6467 17 Giddings Giddings NNP 34823 6467 18 ' ' POS 34823 6467 19 scheme scheme NN 34823 6467 20 . . . 34823 6468 1 The the DT 34823 6468 2 pure pure JJ 34823 6468 3 theorist theorist NN 34823 6468 4 takes take VBZ 34823 6468 5 for for IN 34823 6468 6 granted grant VBN 34823 6468 7 the the DT 34823 6468 8 physiographic physiographic JJ 34823 6468 9 environment environment NN 34823 6468 10 , , , 34823 6468 11 whose whose WP$ 34823 6468 12 influence influence NN 34823 6468 13 Giddings Giddings NNPS 34823 6468 14 takes take VBZ 34823 6468 15 into into IN 34823 6468 16 account account NN 34823 6468 17 . . . 34823 6469 1 The the DT 34823 6469 2 theorist theorist NN 34823 6469 3 abstracts abstract VBZ 34823 6469 4 from from IN 34823 6469 5 biological biological JJ 34823 6469 6 and and CC 34823 6469 7 racial racial JJ 34823 6469 8 factors factor NNS 34823 6469 9 . . . 34823 6470 1 He -PRON- PRP 34823 6470 2 assumes assume VBZ 34823 6470 3 a a DT 34823 6470 4 social social JJ 34823 6470 5 population population NN 34823 6470 6 , , , 34823 6470 7 a a DT 34823 6470 8 social social JJ 34823 6470 9 order order NN 34823 6470 10 , , , 34823 6470 11 a a DT 34823 6470 12 political political JJ 34823 6470 13 system system NN 34823 6470 14 . . . 34823 6471 1 He -PRON- PRP 34823 6471 2 has have VBZ 34823 6471 3 not not RB 34823 6471 4 taken take VBN 34823 6471 5 into into IN 34823 6471 6 his -PRON- PRP$ 34823 6471 7 purview purview NN 34823 6471 8 the the DT 34823 6471 9 social social JJ 34823 6471 10 mind mind NN 34823 6471 11 as as IN 34823 6471 12 a a DT 34823 6471 13 whole whole NN 34823 6471 14 , , , 34823 6471 15 in in IN 34823 6471 16 his -PRON- PRP$ 34823 6471 17 static static JJ 34823 6471 18 theory theory NN 34823 6471 19 . . . 34823 6472 1 Rather rather RB 34823 6472 2 , , , 34823 6472 3 he -PRON- PRP 34823 6472 4 has have VBZ 34823 6472 5 been be VBN 34823 6472 6 concerned concern VBN 34823 6472 7 with with IN 34823 6472 8 only only RB 34823 6472 9 one one CD 34823 6472 10 part part NN 34823 6472 11 of of IN 34823 6472 12 the the DT 34823 6472 13 social social JJ 34823 6472 14 mind mind NN 34823 6472 15 , , , 34823 6472 16 namely namely RB 34823 6472 17 , , , 34823 6472 18 the the DT 34823 6472 19 economic economic JJ 34823 6472 20 values value NNS 34823 6472 21 . . . 34823 6473 1 Economic economic JJ 34823 6473 2 values value NNS 34823 6473 3 , , , 34823 6473 4 and and CC 34823 6473 5 the the DT 34823 6473 6 objects object NNS 34823 6473 7 of of IN 34823 6473 8 economic economic JJ 34823 6473 9 value value NN 34823 6473 10 , , , 34823 6473 11 have have VBP 34823 6473 12 been be VBN 34823 6473 13 the the DT 34823 6473 14 data datum NNS 34823 6473 15 of of IN 34823 6473 16 the the DT 34823 6473 17 static static JJ 34823 6473 18 theorist theorist NN 34823 6473 19 . . . 34823 6474 1 Given give VBN 34823 6474 2 scales scale NNS 34823 6474 3 of of IN 34823 6474 4 economic economic JJ 34823 6474 5 value value NN 34823 6474 6 , , , 34823 6474 7 such such JJ 34823 6474 8 that that IN 34823 6474 9 for for IN 34823 6474 10 one one CD 34823 6474 11 quantity quantity NN 34823 6474 12 of of IN 34823 6474 13 goods good NNS 34823 6474 14 of of IN 34823 6474 15 a a DT 34823 6474 16 given give VBN 34823 6474 17 kind kind NN 34823 6474 18 , , , 34823 6474 19 a a DT 34823 6474 20 given give VBN 34823 6474 21 value value NN 34823 6474 22 per per IN 34823 6474 23 unit unit NN 34823 6474 24 will will MD 34823 6474 25 obtain obtain VB 34823 6474 26 , , , 34823 6474 27 given give VBN 34823 6474 28 all all DT 34823 6474 29 of of IN 34823 6474 30 these these DT 34823 6474 31 value value NN 34823 6474 32 - - HYPH 34823 6474 33 scales scale NNS 34823 6474 34 , , , 34823 6474 35 and and CC 34823 6474 36 given give VBN 34823 6474 37 the the DT 34823 6474 38 quantities quantity NNS 34823 6474 39 of of IN 34823 6474 40 goods good NNS 34823 6474 41 and and CC 34823 6474 42 services service NNS 34823 6474 43 whose whose WP$ 34823 6474 44 values value NNS 34823 6474 45 are be VBP 34823 6474 46 in in IN 34823 6474 47 question question NN 34823 6474 48 , , , 34823 6474 49 and and CC 34823 6474 50 static static JJ 34823 6474 51 theory theory NN 34823 6474 52 will will MD 34823 6474 53 furnish furnish VB 34823 6474 54 an an DT 34823 6474 55 equilibrium equilibrium NN 34823 6474 56 picture picture NN 34823 6474 57 , , , 34823 6474 58 in in IN 34823 6474 59 which which WDT 34823 6474 60 the the DT 34823 6474 61 price price NN 34823 6474 62 relations relation NNS 34823 6474 63 of of IN 34823 6474 64 different different JJ 34823 6474 65 kinds kind NNS 34823 6474 66 of of IN 34823 6474 67 goods good NNS 34823 6474 68 are be VBP 34823 6474 69 made make VBN 34823 6474 70 clear clear JJ 34823 6474 71 , , , 34823 6474 72 and and CC 34823 6474 73 their -PRON- PRP$ 34823 6474 74 values value NNS 34823 6474 75 are be VBP 34823 6474 76 measured measure VBN 34823 6474 77 . . . 34823 6475 1 The the DT 34823 6475 2 value value NN 34823 6475 3 - - HYPH 34823 6475 4 scales scale NNS 34823 6475 5 , , , 34823 6475 6 and and CC 34823 6475 7 the the DT 34823 6475 8 absolute absolute JJ 34823 6475 9 magnitudes magnitude NNS 34823 6475 10 of of IN 34823 6475 11 value value NN 34823 6475 12 at at IN 34823 6475 13 different different JJ 34823 6475 14 points point NNS 34823 6475 15 on on IN 34823 6475 16 the the DT 34823 6475 17 scale scale NN 34823 6475 18 , , , 34823 6475 19 are be VBP 34823 6475 20 assumed assume VBN 34823 6475 21 , , , 34823 6475 22 are be VBP 34823 6475 23 data datum NNS 34823 6475 24 . . . 34823 6476 1 Further further RB 34823 6476 2 , , , 34823 6476 3 in in IN 34823 6476 4 order order NN 34823 6476 5 that that IN 34823 6476 6 the the DT 34823 6476 7 notions notion NNS 34823 6476 8 may may MD 34823 6476 9 be be VB 34823 6476 10 made make VBN 34823 6476 11 mathematically mathematically RB 34823 6476 12 precise precise JJ 34823 6476 13 , , , 34823 6476 14 a a DT 34823 6476 15 unit unit NN 34823 6476 16 of of IN 34823 6476 17 value value NN 34823 6476 18 is be VBZ 34823 6476 19 needed need VBN 34823 6476 20 , , , 34823 6476 21 and and CC 34823 6476 22 this this DT 34823 6476 23 is be VBZ 34823 6476 24 commonly commonly RB 34823 6476 25 the the DT 34823 6476 26 value value NN 34823 6476 27 of of IN 34823 6476 28 the the DT 34823 6476 29 money money NN 34823 6476 30 - - HYPH 34823 6476 31 unit unit NN 34823 6476 32 , , , 34823 6476 33 which which WDT 34823 6476 34 is be VBZ 34823 6476 35 assumed assume VBN 34823 6476 36 to to TO 34823 6476 37 be be VB 34823 6476 38 constant constant JJ 34823 6476 39 . . . 34823 6477 1 The the DT 34823 6477 2 picture picture NN 34823 6477 3 then then RB 34823 6477 4 becomes become VBZ 34823 6477 5 systematic systematic JJ 34823 6477 6 . . . 34823 6478 1 There there EX 34823 6478 2 is be VBZ 34823 6478 3 a a DT 34823 6478 4 system system NN 34823 6478 5 of of IN 34823 6478 6 values value NNS 34823 6478 7 , , , 34823 6478 8 expressed express VBN 34823 6478 9 in in IN 34823 6478 10 prices price NNS 34823 6478 11 , , , 34823 6478 12 which which WDT 34823 6478 13 is be VBZ 34823 6478 14 stable stable JJ 34823 6478 15 , , , 34823 6478 16 so so RB 34823 6478 17 long long RB 34823 6478 18 as as IN 34823 6478 19 the the DT 34823 6478 20 data datum NNS 34823 6478 21 do do VBP 34823 6478 22 not not RB 34823 6478 23 change change VB 34823 6478 24 . . . 34823 6479 1 It -PRON- PRP 34823 6479 2 is be VBZ 34823 6479 3 mechanically mechanically RB 34823 6479 4 conceived conceive VBN 34823 6479 5 , , , 34823 6479 6 and and CC 34823 6479 7 illustrated illustrate VBN 34823 6479 8 by by IN 34823 6479 9 various various JJ 34823 6479 10 mechanical mechanical JJ 34823 6479 11 symbols symbol NNS 34823 6479 12 , , , 34823 6479 13 as as IN 34823 6479 14 balls ball NNS 34823 6479 15 in in IN 34823 6479 16 a a DT 34823 6479 17 bowl bowl NN 34823 6479 18 , , , 34823 6479 19 or or CC 34823 6479 20 connecting connect VBG 34823 6479 21 reservoirs reservoir NNS 34823 6479 22 , , , 34823 6479 23 or or CC 34823 6479 24 , , , 34823 6479 25 best good JJS 34823 6479 26 of of IN 34823 6479 27 all all DT 34823 6479 28 , , , 34823 6479 29 by by IN 34823 6479 30 intersecting intersect VBG 34823 6479 31 curves curve NNS 34823 6479 32 . . . 34823 6480 1 It -PRON- PRP 34823 6480 2 is be VBZ 34823 6480 3 an an DT 34823 6480 4 abstraction abstraction NN 34823 6480 5 from from IN 34823 6480 6 the the DT 34823 6480 7 living living NN 34823 6480 8 , , , 34823 6480 9 pulsing pulse VBG 34823 6480 10 , , , 34823 6480 11 organic organic JJ 34823 6480 12 whole whole NN 34823 6480 13 of of IN 34823 6480 14 the the DT 34823 6480 15 social social JJ 34823 6480 16 mind mind NN 34823 6480 17 -- -- : 34823 6480 18 the the DT 34823 6480 19 inter inter JJ 34823 6480 20 - - JJ 34823 6480 21 mental mental JJ 34823 6480 22 life life NN 34823 6480 23 of of IN 34823 6480 24 men man NNS 34823 6480 25 in in IN 34823 6480 26 society society NN 34823 6480 27 . . . 34823 6481 1 It -PRON- PRP 34823 6481 2 squeezes squeeze VBZ 34823 6481 3 much much JJ 34823 6481 4 of of IN 34823 6481 5 the the DT 34823 6481 6 life life NN 34823 6481 7 out out IN 34823 6481 8 of of IN 34823 6481 9 the the DT 34823 6481 10 phenomena phenomenon NNS 34823 6481 11 it -PRON- PRP 34823 6481 12 describes describe VBZ 34823 6481 13 . . . 34823 6482 1 It -PRON- PRP 34823 6482 2 makes make VBZ 34823 6482 3 them -PRON- PRP 34823 6482 4 exact exact VB 34823 6482 5 , , , 34823 6482 6 only only RB 34823 6482 7 by by IN 34823 6482 8 making make VBG 34823 6482 9 them -PRON- PRP 34823 6482 10 mechanical mechanical JJ 34823 6482 11 . . . 34823 6483 1 It -PRON- PRP 34823 6483 2 thus thus RB 34823 6483 3 becomes become VBZ 34823 6483 4 exact exact JJ 34823 6483 5 by by IN 34823 6483 6 becoming become VBG 34823 6483 7 , , , 34823 6483 8 in in IN 34823 6483 9 considerable considerable JJ 34823 6483 10 degree degree NN 34823 6483 11 , , , 34823 6483 12 superficial superficial JJ 34823 6483 13 and and CC 34823 6483 14 abstract abstract JJ 34823 6483 15 . . . 34823 6484 1 [ [ -LRB- 34823 6484 2 583 583 CD 34823 6484 3 ] ] -RRB- 34823 6484 4 This this DT 34823 6484 5 is be VBZ 34823 6484 6 not not RB 34823 6484 7 to to TO 34823 6484 8 condemn condemn VB 34823 6484 9 static static JJ 34823 6484 10 theory theory NN 34823 6484 11 . . . 34823 6485 1 Static static JJ 34823 6485 2 theory theory NN 34823 6485 3 has have VBZ 34823 6485 4 proved prove VBN 34823 6485 5 its -PRON- PRP$ 34823 6485 6 usefulness usefulness NN 34823 6485 7 by by IN 34823 6485 8 solving solve VBG 34823 6485 9 too too RB 34823 6485 10 many many JJ 34823 6485 11 problems problem NNS 34823 6485 12 for for IN 34823 6485 13 such such PDT 34823 6485 14 a a DT 34823 6485 15 statement statement NN 34823 6485 16 of of IN 34823 6485 17 its -PRON- PRP$ 34823 6485 18 limitations limitation NNS 34823 6485 19 to to TO 34823 6485 20 involve involve VB 34823 6485 21 a a DT 34823 6485 22 condemnation condemnation NN 34823 6485 23 . . . 34823 6486 1 But but CC 34823 6486 2 the the DT 34823 6486 3 statement statement NN 34823 6486 4 of of IN 34823 6486 5 its -PRON- PRP$ 34823 6486 6 limitations limitation NNS 34823 6486 7 will will MD 34823 6486 8 aid aid VB 34823 6486 9 us -PRON- PRP 34823 6486 10 in in IN 34823 6486 11 seeing see VBG 34823 6486 12 its -PRON- PRP$ 34823 6486 13 relation relation NN 34823 6486 14 to to IN 34823 6486 15 that that DT 34823 6486 16 vaguer vaguer NN 34823 6486 17 body body NN 34823 6486 18 of of IN 34823 6486 19 doctrine doctrine NN 34823 6486 20 which which WDT 34823 6486 21 we -PRON- PRP 34823 6486 22 call call VBP 34823 6486 23 dynamics dynamic NNS 34823 6486 24 , , , 34823 6486 25 or or CC 34823 6486 26 the the DT 34823 6486 27 theory theory NN 34823 6486 28 of of IN 34823 6486 29 prosperity prosperity NN 34823 6486 30 , , , 34823 6486 31 etc etc FW 34823 6486 32 . . . 34823 6487 1 Now now RB 34823 6487 2 this this DT 34823 6487 3 means mean VBZ 34823 6487 4 that that IN 34823 6487 5 static static JJ 34823 6487 6 theory theory NN 34823 6487 7 is be VBZ 34823 6487 8 not not RB 34823 6487 9 _ _ NNP 34823 6487 10 value value NN 34823 6487 11 _ _ NNP 34823 6487 12 theory theory NN 34823 6487 13 . . . 34823 6488 1 It -PRON- PRP 34823 6488 2 assumes assume VBZ 34823 6488 3 a a DT 34823 6488 4 theory theory NN 34823 6488 5 of of IN 34823 6488 6 value value NN 34823 6488 7 . . . 34823 6489 1 It -PRON- PRP 34823 6489 2 assumes assume VBZ 34823 6489 3 the the DT 34823 6489 4 value value NN 34823 6489 5 - - HYPH 34823 6489 6 scales scale NNS 34823 6489 7 as as IN 34823 6489 8 data datum NNS 34823 6489 9 . . . 34823 6490 1 It -PRON- PRP 34823 6490 2 assumes assume VBZ 34823 6490 3 the the DT 34823 6490 4 value value NN 34823 6490 5 of of IN 34823 6490 6 money money NN 34823 6490 7 as as IN 34823 6490 8 a a DT 34823 6490 9 datum datum NN 34823 6490 10 . . . 34823 6491 1 Static static JJ 34823 6491 2 theories theory NNS 34823 6491 3 of of IN 34823 6491 4 supply supply NN 34823 6491 5 and and CC 34823 6491 6 demand demand NN 34823 6491 7 , , , 34823 6491 8 cost cost NN 34823 6491 9 of of IN 34823 6491 10 production production NN 34823 6491 11 , , , 34823 6491 12 capitalization capitalization NN 34823 6491 13 , , , 34823 6491 14 etc etc FW 34823 6491 15 . . FW 34823 6491 16 , , , 34823 6491 17 assume assume VBP 34823 6491 18 the the DT 34823 6491 19 value value NN 34823 6491 20 of of IN 34823 6491 21 money money NN 34823 6491 22 , , , 34823 6491 23 as as IN 34823 6491 24 has have VBZ 34823 6491 25 been be VBN 34823 6491 26 shown show VBN 34823 6491 27 in in IN 34823 6491 28 Part Part NNP 34823 6491 29 I I NNP 34823 6491 30 , , , 34823 6491 31 and and CC 34823 6491 32 static static JJ 34823 6491 33 theory theory NN 34823 6491 34 , , , 34823 6491 35 resting rest VBG 34823 6491 36 in in IN 34823 6491 37 the the DT 34823 6491 38 notion notion NN 34823 6491 39 of of IN 34823 6491 40 accomplished accomplish VBN 34823 6491 41 transition transition NN 34823 6491 42 , , , 34823 6491 43 normal normal JJ 34823 6491 44 equilibrium equilibrium NN 34823 6491 45 , , , 34823 6491 46 abstracting abstract VBG 34823 6491 47 from from IN 34823 6491 48 the the DT 34823 6491 49 difficulties difficulty NNS 34823 6491 50 of of IN 34823 6491 51 readjustment readjustment NN 34823 6491 52 , , , 34823 6491 53 abstracting abstract VBG 34823 6491 54 from from IN 34823 6491 55 friction friction NN 34823 6491 56 , , , 34823 6491 57 etc etc FW 34823 6491 58 . . FW 34823 6491 59 , , , 34823 6491 60 misses miss VBZ 34823 6491 61 the the DT 34823 6491 62 whole whole JJ 34823 6491 63 point point NN 34823 6491 64 as as IN 34823 6491 65 to to IN 34823 6491 66 the the DT 34823 6491 67 functions function NNS 34823 6491 68 of of IN 34823 6491 69 money money NN 34823 6491 70 , , , 34823 6491 71 as as IN 34823 6491 72 shown show VBN 34823 6491 73 in in IN 34823 6491 74 Part Part NNP 34823 6491 75 II II NNP 34823 6491 76 . . . 34823 6492 1 Static static JJ 34823 6492 2 theory theory NN 34823 6492 3 proceeds proceed VBZ 34823 6492 4 by by IN 34823 6492 5 assuming assume VBG 34823 6492 6 a a DT 34823 6492 7 change change NN 34823 6492 8 in in IN 34823 6492 9 one one CD 34823 6492 10 of of IN 34823 6492 11 the the DT 34823 6492 12 elements element NNS 34823 6492 13 of of IN 34823 6492 14 its -PRON- PRP$ 34823 6492 15 situation situation NN 34823 6492 16 , , , 34823 6492 17 say say VBP 34823 6492 18 one one CD 34823 6492 19 of of IN 34823 6492 20 the the DT 34823 6492 21 value value NN 34823 6492 22 - - HYPH 34823 6492 23 scales scale NNS 34823 6492 24 , , , 34823 6492 25 and and CC 34823 6492 26 then then RB 34823 6492 27 tells tell VBZ 34823 6492 28 what what WP 34823 6492 29 the the DT 34823 6492 30 new new JJ 34823 6492 31 equilibrium equilibrium NN 34823 6492 32 will will MD 34823 6492 33 be be VB 34823 6492 34 after after IN 34823 6492 35 readjustment readjustment NN 34823 6492 36 takes take VBZ 34823 6492 37 place place NN 34823 6492 38 , , , 34823 6492 39 assuming assume VBG 34823 6492 40 that that IN 34823 6492 41 other other JJ 34823 6492 42 value value NN 34823 6492 43 - - HYPH 34823 6492 44 scales scale NNS 34823 6492 45 remain remain VBP 34823 6492 46 constant constant JJ 34823 6492 47 , , , 34823 6492 48 and and CC 34823 6492 49 that that IN 34823 6492 50 quantities quantity NNS 34823 6492 51 of of IN 34823 6492 52 the the DT 34823 6492 53 objects object NNS 34823 6492 54 of of IN 34823 6492 55 value value NN 34823 6492 56 do do VBP 34823 6492 57 not not RB 34823 6492 58 change change VB 34823 6492 59 . . . 34823 6493 1 Or or CC 34823 6493 2 , , , 34823 6493 3 it -PRON- PRP 34823 6493 4 assumes assume VBZ 34823 6493 5 a a DT 34823 6493 6 change change NN 34823 6493 7 in in IN 34823 6493 8 the the DT 34823 6493 9 quantity quantity NN 34823 6493 10 of of IN 34823 6493 11 one one CD 34823 6493 12 of of IN 34823 6493 13 the the DT 34823 6493 14 objects object NNS 34823 6493 15 of of IN 34823 6493 16 value value NN 34823 6493 17 , , , 34823 6493 18 and and CC 34823 6493 19 then then RB 34823 6493 20 predicts predict VBZ 34823 6493 21 the the DT 34823 6493 22 new new JJ 34823 6493 23 equilibrium equilibrium NN 34823 6493 24 . . . 34823 6494 1 The the DT 34823 6494 2 new new JJ 34823 6494 3 equilibrium equilibrium NN 34823 6494 4 will will MD 34823 6494 5 often often RB 34823 6494 6 involve involve VB 34823 6494 7 changed change VBN 34823 6494 8 values value NNS 34823 6494 9 and and CC 34823 6494 10 prices price NNS 34823 6494 11 all all RB 34823 6494 12 around around RB 34823 6494 13 , , , 34823 6494 14 and and CC 34823 6494 15 will will MD 34823 6494 16 often often RB 34823 6494 17 involve involve VB 34823 6494 18 altered alter VBN 34823 6494 19 quantities quantity NNS 34823 6494 20 of of IN 34823 6494 21 other other JJ 34823 6494 22 objects object NNS 34823 6494 23 of of IN 34823 6494 24 value value NN 34823 6494 25 . . . 34823 6495 1 But but CC 34823 6495 2 the the DT 34823 6495 3 initial initial JJ 34823 6495 4 change change NN 34823 6495 5 comes come VBZ 34823 6495 6 from from IN 34823 6495 7 an an DT 34823 6495 8 alteration alteration NN 34823 6495 9 _ _ NNP 34823 6495 10 from from IN 34823 6495 11 outside outside JJ 34823 6495 12 _ _ NNP 34823 6495 13 the the DT 34823 6495 14 system system NN 34823 6495 15 in in IN 34823 6495 16 one one CD 34823 6495 17 or or CC 34823 6495 18 more more JJR 34823 6495 19 of of IN 34823 6495 20 the the DT 34823 6495 21 data datum NNS 34823 6495 22 of of IN 34823 6495 23 the the DT 34823 6495 24 system system NN 34823 6495 25 . . . 34823 6496 1 [ [ -LRB- 34823 6496 2 584 584 CD 34823 6496 3 ] ] -RRB- 34823 6496 4 Now now UH 34823 6496 5 dynamics dynamic NNS 34823 6496 6 , , , 34823 6496 7 theory theory NN 34823 6496 8 of of IN 34823 6496 9 prosperity prosperity NN 34823 6496 10 , , , 34823 6496 11 etc etc FW 34823 6496 12 . . . 34823 6496 13 , , , 34823 6496 14 are be VBP 34823 6496 15 concerned concern VBN 34823 6496 16 with with IN 34823 6496 17 the the DT 34823 6496 18 causes cause NNS 34823 6496 19 of of IN 34823 6496 20 changes change NNS 34823 6496 21 in in IN 34823 6496 22 the the DT 34823 6496 23 data datum NNS 34823 6496 24 with with IN 34823 6496 25 which which WDT 34823 6496 26 statics static NNS 34823 6496 27 works work NNS 34823 6496 28 , , , 34823 6496 29 in in IN 34823 6496 30 large large JJ 34823 6496 31 measure measure NN 34823 6496 32 . . . 34823 6497 1 Among among IN 34823 6497 2 the the DT 34823 6497 3 problems problem NNS 34823 6497 4 with with IN 34823 6497 5 which which WDT 34823 6497 6 statics static NNS 34823 6497 7 has have VBZ 34823 6497 8 not not RB 34823 6497 9 adequately adequately RB 34823 6497 10 dealt deal VBN 34823 6497 11 , , , 34823 6497 12 and and CC 34823 6497 13 in in IN 34823 6497 14 large large JJ 34823 6497 15 measure measure NN 34823 6497 16 can can MD 34823 6497 17 not not RB 34823 6497 18 deal deal VB 34823 6497 19 , , , 34823 6497 20 are be VBP 34823 6497 21 ( ( -LRB- 34823 6497 22 1 1 LS 34823 6497 23 ) ) -RRB- 34823 6497 24 the the DT 34823 6497 25 nature nature NN 34823 6497 26 of of IN 34823 6497 27 value value NN 34823 6497 28 itself -PRON- PRP 34823 6497 29 , , , 34823 6497 30 and and CC 34823 6497 31 the the DT 34823 6497 32 laws law NNS 34823 6497 33 governing govern VBG 34823 6497 34 changes change NNS 34823 6497 35 in in IN 34823 6497 36 the the DT 34823 6497 37 value value NN 34823 6497 38 - - HYPH 34823 6497 39 scales scale NNS 34823 6497 40 ; ; , 34823 6497 41 ( ( -LRB- 34823 6497 42 2 2 LS 34823 6497 43 ) ) -RRB- 34823 6497 44 the the DT 34823 6497 45 problems problem NNS 34823 6497 46 of of IN 34823 6497 47 readjustment readjustment NN 34823 6497 48 , , , 34823 6497 49 including include VBG 34823 6497 50 the the DT 34823 6497 51 problems problem NNS 34823 6497 52 of of IN 34823 6497 53 money money NN 34823 6497 54 , , , 34823 6497 55 credit credit NN 34823 6497 56 and and CC 34823 6497 57 exchange exchange NN 34823 6497 58 ; ; : 34823 6497 59 ( ( -LRB- 34823 6497 60 3 3 LS 34823 6497 61 ) ) -RRB- 34823 6497 62 the the DT 34823 6497 63 psychology psychology NN 34823 6497 64 of of IN 34823 6497 65 invention invention NN 34823 6497 66 , , , 34823 6497 67 of of IN 34823 6497 68 enterprise enterprise NN 34823 6497 69 , , , 34823 6497 70 and and CC 34823 6497 71 the the DT 34823 6497 72 like like JJ 34823 6497 73 . . . 34823 6498 1 ( ( -LRB- 34823 6498 2 4 4 LS 34823 6498 3 ) ) -RRB- 34823 6498 4 The the DT 34823 6498 5 reactions reaction NNS 34823 6498 6 of of IN 34823 6498 7 economic economic JJ 34823 6498 8 values value NNS 34823 6498 9 and and CC 34823 6498 10 economic economic JJ 34823 6498 11 organization organization NN 34823 6498 12 on on IN 34823 6498 13 the the DT 34823 6498 14 non non JJ 34823 6498 15 - - JJ 34823 6498 16 economic economic JJ 34823 6498 17 phases phase NNS 34823 6498 18 of of IN 34823 6498 19 social social JJ 34823 6498 20 life life NN 34823 6498 21 . . . 34823 6499 1 ( ( -LRB- 34823 6499 2 5 5 LS 34823 6499 3 ) ) -RRB- 34823 6499 4 The the DT 34823 6499 5 reaction reaction NN 34823 6499 6 of of IN 34823 6499 7 the the DT 34823 6499 8 non non JJ 34823 6499 9 - - JJ 34823 6499 10 economic economic JJ 34823 6499 11 factors factor NNS 34823 6499 12 , , , 34823 6499 13 as as IN 34823 6499 14 law law NN 34823 6499 15 , , , 34823 6499 16 morals moral NNS 34823 6499 17 , , , 34823 6499 18 art art NN 34823 6499 19 , , , 34823 6499 20 religion religion NN 34823 6499 21 , , , 34823 6499 22 etc etc FW 34823 6499 23 . . FW 34823 6499 24 , , , 34823 6499 25 on on IN 34823 6499 26 economic economic JJ 34823 6499 27 life life NN 34823 6499 28 . . . 34823 6500 1 ( ( -LRB- 34823 6500 2 6 6 LS 34823 6500 3 ) ) -RRB- 34823 6500 4 The the DT 34823 6500 5 problem problem NN 34823 6500 6 of of IN 34823 6500 7 prosperity prosperity NN 34823 6500 8 and and CC 34823 6500 9 depression depression NN 34823 6500 10 . . . 34823 6501 1 I -PRON- PRP 34823 6501 2 say say VBP 34823 6501 3 that that IN 34823 6501 4 statics statics NNP 34823 6501 5 has have VBZ 34823 6501 6 not not RB 34823 6501 7 dealt deal VBN 34823 6501 8 adequately adequately RB 34823 6501 9 with with IN 34823 6501 10 these these DT 34823 6501 11 problems problem NNS 34823 6501 12 . . . 34823 6502 1 Statics static NNS 34823 6502 2 in in IN 34823 6502 3 its -PRON- PRP$ 34823 6502 4 present present JJ 34823 6502 5 narrow narrow JJ 34823 6502 6 form form NN 34823 6502 7 can can MD 34823 6502 8 not not RB 34823 6502 9 deal deal VB 34823 6502 10 with with IN 34823 6502 11 them -PRON- PRP 34823 6502 12 . . . 34823 6503 1 But but CC 34823 6503 2 in in IN 34823 6503 3 considerable considerable JJ 34823 6503 4 degree degree NN 34823 6503 5 , , , 34823 6503 6 I -PRON- PRP 34823 6503 7 am be VBP 34823 6503 8 convinced convince VBN 34823 6503 9 , , , 34823 6503 10 statics static NNS 34823 6503 11 can can MD 34823 6503 12 be be VB 34823 6503 13 made make VBN 34823 6503 14 to to TO 34823 6503 15 deal deal VB 34823 6503 16 more more RBR 34823 6503 17 adequately adequately RB 34823 6503 18 with with IN 34823 6503 19 them -PRON- PRP 34823 6503 20 , , , 34823 6503 21 if if IN 34823 6503 22 its -PRON- PRP$ 34823 6503 23 scope scope NN 34823 6503 24 be be VB 34823 6503 25 broadened broaden VBN 34823 6503 26 , , , 34823 6503 27 and and CC 34823 6503 28 its -PRON- PRP$ 34823 6503 29 limitations limitation NNS 34823 6503 30 be be VB 34823 6503 31 made make VBN 34823 6503 32 less less RBR 34823 6503 33 rigid rigid JJ 34823 6503 34 . . . 34823 6504 1 Schematically schematically RB 34823 6504 2 , , , 34823 6504 3 at at IN 34823 6504 4 least least JJS 34823 6504 5 , , , 34823 6504 6 the the DT 34823 6504 7 central central JJ 34823 6504 8 ideas idea NNS 34823 6504 9 of of IN 34823 6504 10 statics static NNS 34823 6504 11 can can MD 34823 6504 12 be be VB 34823 6504 13 applied apply VBN 34823 6504 14 to to IN 34823 6504 15 a a DT 34823 6504 16 large large JJ 34823 6504 17 part part NN 34823 6504 18 of of IN 34823 6504 19 these these DT 34823 6504 20 problems problem NNS 34823 6504 21 . . . 34823 6505 1 I -PRON- PRP 34823 6505 2 may may MD 34823 6505 3 add add VB 34823 6505 4 that that IN 34823 6505 5 my -PRON- PRP$ 34823 6505 6 list list NN 34823 6505 7 of of IN 34823 6505 8 six six CD 34823 6505 9 classes class NNS 34823 6505 10 of of IN 34823 6505 11 problems problem NNS 34823 6505 12 with with IN 34823 6505 13 which which WDT 34823 6505 14 statics static NNS 34823 6505 15 has have VBZ 34823 6505 16 not not RB 34823 6505 17 adequately adequately RB 34823 6505 18 dealt deal VBN 34823 6505 19 is be VBZ 34823 6505 20 not not RB 34823 6505 21 meant mean VBN 34823 6505 22 as as IN 34823 6505 23 a a DT 34823 6505 24 system system NN 34823 6505 25 of of IN 34823 6505 26 categories category NNS 34823 6505 27 . . . 34823 6506 1 The the DT 34823 6506 2 list list NN 34823 6506 3 is be VBZ 34823 6506 4 incomplete incomplete JJ 34823 6506 5 , , , 34823 6506 6 and and CC 34823 6506 7 the the DT 34823 6506 8 classes class NNS 34823 6506 9 are be VBP 34823 6506 10 not not RB 34823 6506 11 mutually mutually RB 34823 6506 12 exclusive exclusive JJ 34823 6506 13 . . . 34823 6507 1 Rather rather RB 34823 6507 2 , , , 34823 6507 3 they -PRON- PRP 34823 6507 4 overlap overlap VBP 34823 6507 5 in in IN 34823 6507 6 large large JJ 34823 6507 7 measure measure NN 34823 6507 8 . . . 34823 6508 1 In in IN 34823 6508 2 a a DT 34823 6508 3 large large JJ 34823 6508 4 way way NN 34823 6508 5 , , , 34823 6508 6 it -PRON- PRP 34823 6508 7 might may MD 34823 6508 8 be be VB 34823 6508 9 said say VBN 34823 6508 10 that that IN 34823 6508 11 statics statics NN 34823 6508 12 is be VBZ 34823 6508 13 concerned concern VBN 34823 6508 14 with with IN 34823 6508 15 the the DT 34823 6508 16 laws law NNS 34823 6508 17 of of IN 34823 6508 18 the the DT 34823 6508 19 equilibration equilibration NN 34823 6508 20 of of IN 34823 6508 21 values value NNS 34823 6508 22 , , , 34823 6508 23 and and CC 34823 6508 24 that that IN 34823 6508 25 dynamics dynamic NNS 34823 6508 26 , , , 34823 6508 27 theory theory NN 34823 6508 28 of of IN 34823 6508 29 prosperity prosperity NN 34823 6508 30 , , , 34823 6508 31 etc etc FW 34823 6508 32 . . . 34823 6508 33 , , , 34823 6508 34 are be VBP 34823 6508 35 concerned concern VBN 34823 6508 36 with with IN 34823 6508 37 the the DT 34823 6508 38 nature nature NN 34823 6508 39 and and CC 34823 6508 40 causes cause NNS 34823 6508 41 of of IN 34823 6508 42 variations variation NNS 34823 6508 43 in in IN 34823 6508 44 the the DT 34823 6508 45 values value NNS 34823 6508 46 themselves -PRON- PRP 34823 6508 47 . . . 34823 6509 1 The the DT 34823 6509 2 contrast contrast NN 34823 6509 3 may may MD 34823 6509 4 be be VB 34823 6509 5 put put VBN 34823 6509 6 , , , 34823 6509 7 in in IN 34823 6509 8 general general JJ 34823 6509 9 , , , 34823 6509 10 as as IN 34823 6509 11 the the DT 34823 6509 12 contrast contrast NN 34823 6509 13 between between IN 34823 6509 14 the the DT 34823 6509 15 _ _ NNP 34823 6509 16 theory theory NN 34823 6509 17 of of IN 34823 6509 18 value value NN 34823 6509 19 _ _ NNP 34823 6509 20 , , , 34823 6509 21 and and CC 34823 6509 22 the the DT 34823 6509 23 _ _ NNP 34823 6509 24 theory theory NN 34823 6509 25 of of IN 34823 6509 26 price price NN 34823 6509 27 _ _ NNP 34823 6509 28 , , , 34823 6509 29 statics static NNS 34823 6509 30 being be VBG 34823 6509 31 price price NN 34823 6509 32 - - HYPH 34823 6509 33 theory theory NN 34823 6509 34 , , , 34823 6509 35 and and CC 34823 6509 36 dynamics dynamic NNS 34823 6509 37 being be VBG 34823 6509 38 value value NN 34823 6509 39 - - HYPH 34823 6509 40 theory theory NN 34823 6509 41 . . . 34823 6510 1 But but CC 34823 6510 2 this this DT 34823 6510 3 is be VBZ 34823 6510 4 a a DT 34823 6510 5 thesis thesis NN 34823 6510 6 which which WDT 34823 6510 7 calls call VBZ 34823 6510 8 for for IN 34823 6510 9 much much JJ 34823 6510 10 elaboration elaboration NN 34823 6510 11 and and CC 34823 6510 12 qualification qualification NN 34823 6510 13 before before IN 34823 6510 14 its -PRON- PRP$ 34823 6510 15 significance significance NN 34823 6510 16 is be VBZ 34823 6510 17 made make VBN 34823 6510 18 clear clear JJ 34823 6510 19 , , , 34823 6510 20 to to TO 34823 6510 21 say say VB 34823 6510 22 nothing nothing NN 34823 6510 23 of of IN 34823 6510 24 its -PRON- PRP$ 34823 6510 25 justification justification NN 34823 6510 26 being be VBG 34823 6510 27 established establish VBN 34823 6510 28 . . . 34823 6511 1 * * NFP 34823 6511 2 * * NFP 34823 6511 3 * * NFP 34823 6511 4 * * NFP 34823 6511 5 * * NFP 34823 6511 6 We -PRON- PRP 34823 6511 7 may may MD 34823 6511 8 approach approach VB 34823 6511 9 the the DT 34823 6511 10 problem problem NN 34823 6511 11 of of IN 34823 6511 12 bringing bring VBG 34823 6511 13 the the DT 34823 6511 14 two two CD 34823 6511 15 terms term NNS 34823 6511 16 of of IN 34823 6511 17 the the DT 34823 6511 18 contrast contrast NN 34823 6511 19 together together RB 34823 6511 20 from from IN 34823 6511 21 either either DT 34823 6511 22 of of IN 34823 6511 23 two two CD 34823 6511 24 angles angle NNS 34823 6511 25 : : : 34823 6511 26 ( ( -LRB- 34823 6511 27 1 1 LS 34823 6511 28 ) ) -RRB- 34823 6511 29 we -PRON- PRP 34823 6511 30 may may MD 34823 6511 31 show show VB 34823 6511 32 that that IN 34823 6511 33 dynamic dynamic JJ 34823 6511 34 factors factor NNS 34823 6511 35 tend tend VBP 34823 6511 36 , , , 34823 6511 37 in in IN 34823 6511 38 large large JJ 34823 6511 39 degree degree NN 34823 6511 40 , , , 34823 6511 41 to to TO 34823 6511 42 submit submit VB 34823 6511 43 themselves -PRON- PRP 34823 6511 44 to to IN 34823 6511 45 measurement measurement NN 34823 6511 46 in in IN 34823 6511 47 terms term NNS 34823 6511 48 of of IN 34823 6511 49 money money NN 34823 6511 50 - - HYPH 34823 6511 51 prices price NNS 34823 6511 52 , , , 34823 6511 53 which which WDT 34823 6511 54 obey obey VBP 34823 6511 55 the the DT 34823 6511 56 laws law NNS 34823 6511 57 of of IN 34823 6511 58 static static JJ 34823 6511 59 marginal marginal JJ 34823 6511 60 equilibrium equilibrium NN 34823 6511 61 . . . 34823 6512 1 ( ( -LRB- 34823 6512 2 2 2 LS 34823 6512 3 ) ) -RRB- 34823 6512 4 We -PRON- PRP 34823 6512 5 may may MD 34823 6512 6 show show VB 34823 6512 7 that that IN 34823 6512 8 all all DT 34823 6512 9 static static JJ 34823 6512 10 prices price NNS 34823 6512 11 presuppose presuppose JJ 34823 6512 12 values value NNS 34823 6512 13 whose whose WP$ 34823 6512 14 explanation explanation NN 34823 6512 15 is be VBZ 34823 6512 16 in in IN 34823 6512 17 terms term NNS 34823 6512 18 of of IN 34823 6512 19 the the DT 34823 6512 20 same same JJ 34823 6512 21 phenomena phenomena NN 34823 6512 22 with with IN 34823 6512 23 which which WDT 34823 6512 24 dynamics dynamic NNS 34823 6512 25 , , , 34823 6512 26 the the DT 34823 6512 27 theory theory NN 34823 6512 28 of of IN 34823 6512 29 prosperity prosperity NN 34823 6512 30 , , , 34823 6512 31 etc etc FW 34823 6512 32 . . . 34823 6512 33 , , , 34823 6512 34 have have VBP 34823 6512 35 busied busy VBN 34823 6512 36 themselves -PRON- PRP 34823 6512 37 , , , 34823 6512 38 namely namely RB 34823 6512 39 , , , 34823 6512 40 considerations consideration NNS 34823 6512 41 drawn draw VBN 34823 6512 42 from from IN 34823 6512 43 the the DT 34823 6512 44 study study NN 34823 6512 45 of of IN 34823 6512 46 social social JJ 34823 6512 47 psychology psychology NN 34823 6512 48 , , , 34823 6512 49 including include VBG 34823 6512 50 the the DT 34823 6512 51 psychology psychology NN 34823 6512 52 of of IN 34823 6512 53 suggestion suggestion NN 34823 6512 54 , , , 34823 6512 55 imitation imitation NN 34823 6512 56 , , , 34823 6512 57 mob mob NN 34823 6512 58 - - HYPH 34823 6512 59 mind mind NN 34823 6512 60 , , , 34823 6512 61 the the DT 34823 6512 62 functional functional JJ 34823 6512 63 organization organization NN 34823 6512 64 of of IN 34823 6512 65 minds mind NNS 34823 6512 66 into into IN 34823 6512 67 a a DT 34823 6512 68 social social JJ 34823 6512 69 mind mind NN 34823 6512 70 , , , 34823 6512 71 social social JJ 34823 6512 72 beliefs belief NNS 34823 6512 73 , , , 34823 6512 74 social social JJ 34823 6512 75 values value NNS 34823 6512 76 of of IN 34823 6512 77 other other JJ 34823 6512 78 than than IN 34823 6512 79 economic economic JJ 34823 6512 80 nature nature NN 34823 6512 81 , , , 34823 6512 82 and and CC 34823 6512 83 social social JJ 34823 6512 84 institutions institution NNS 34823 6512 85 . . . 34823 6513 1 ( ( -LRB- 34823 6513 2 1 1 LS 34823 6513 3 ) ) -RRB- 34823 6513 4 The the DT 34823 6513 5 evidence evidence NN 34823 6513 6 on on IN 34823 6513 7 the the DT 34823 6513 8 first first JJ 34823 6513 9 point point NN 34823 6513 10 is be VBZ 34823 6513 11 already already RB 34823 6513 12 in in IN 34823 6513 13 considerable considerable JJ 34823 6513 14 measure measure NN 34823 6513 15 worked work VBD 34823 6513 16 out out RP 34823 6513 17 , , , 34823 6513 18 particularly particularly RB 34823 6513 19 by by IN 34823 6513 20 Veblen Veblen NNP 34823 6513 21 , , , 34823 6513 22 in in IN 34823 6513 23 his -PRON- PRP$ 34823 6513 24 _ _ NNP 34823 6513 25 Theory Theory NNP 34823 6513 26 of of IN 34823 6513 27 Business Business NNP 34823 6513 28 Enterprise Enterprise NNP 34823 6513 29 _ _ NNP 34823 6513 30 , , , 34823 6513 31 and and CC 34823 6513 32 in in IN 34823 6513 33 his -PRON- PRP$ 34823 6513 34 other other JJ 34823 6513 35 writings writing NNS 34823 6513 36 on on IN 34823 6513 37 the the DT 34823 6513 38 nature nature NN 34823 6513 39 of of IN 34823 6513 40 capital capital NN 34823 6513 41 , , , 34823 6513 42 etc etc FW 34823 6513 43 . . . 34823 6514 1 Something something NN 34823 6514 2 more more JJR 34823 6514 3 in in IN 34823 6514 4 this this DT 34823 6514 5 direction direction NN 34823 6514 6 I -PRON- PRP 34823 6514 7 have have VBP 34823 6514 8 done do VBN 34823 6514 9 in in IN 34823 6514 10 my -PRON- PRP$ 34823 6514 11 _ _ NNP 34823 6514 12 Social Social NNP 34823 6514 13 Value Value NNP 34823 6514 14 _ _ NNP 34823 6514 15 , , , 34823 6514 16 and and CC 34823 6514 17 other other JJ 34823 6514 18 writers writer NNS 34823 6514 19 have have VBP 34823 6514 20 elaborated elaborate VBN 34823 6514 21 the the DT 34823 6514 22 notion notion NN 34823 6514 23 . . . 34823 6515 1 ( ( -LRB- 34823 6515 2 2 2 LS 34823 6515 3 ) ) -RRB- 34823 6515 4 The the DT 34823 6515 5 case case NN 34823 6515 6 for for IN 34823 6515 7 the the DT 34823 6515 8 second second JJ 34823 6515 9 contention contention NN 34823 6515 10 has have VBZ 34823 6515 11 been be VBN 34823 6515 12 made make VBN 34823 6515 13 in in IN 34823 6515 14 detail detail NN 34823 6515 15 in in IN 34823 6515 16 my -PRON- PRP$ 34823 6515 17 _ _ NNP 34823 6515 18 Social Social NNP 34823 6515 19 Value Value NNP 34823 6515 20 _ _ NNP 34823 6515 21 , , , 34823 6515 22 and and CC 34823 6515 23 in in IN 34823 6515 24 what what WP 34823 6515 25 follows follow VBZ 34823 6515 26 I -PRON- PRP 34823 6515 27 shall shall MD 34823 6515 28 rely rely VB 34823 6515 29 chiefly chiefly RB 34823 6515 30 on on IN 34823 6515 31 the the DT 34823 6515 32 discussion discussion NN 34823 6515 33 presented present VBD 34823 6515 34 there there RB 34823 6515 35 , , , 34823 6515 36 and and CC 34823 6515 37 in in IN 34823 6515 38 the the DT 34823 6515 39 chapter chapter NN 34823 6515 40 on on IN 34823 6515 41 " " `` 34823 6515 42 Value Value NNP 34823 6515 43 " " '' 34823 6515 44 in in IN 34823 6515 45 this this DT 34823 6515 46 book book NN 34823 6515 47 . . . 34823 6516 1 I -PRON- PRP 34823 6516 2 take take VBP 34823 6516 3 up up RP 34823 6516 4 first first RB 34823 6516 5 the the DT 34823 6516 6 thesis thesis NN 34823 6516 7 that that IN 34823 6516 8 dynamic dynamic JJ 34823 6516 9 factors factor NNS 34823 6516 10 may may MD 34823 6516 11 come come VB 34823 6516 12 under under IN 34823 6516 13 the the DT 34823 6516 14 static static JJ 34823 6516 15 measure measure NN 34823 6516 16 . . . 34823 6517 1 Veblen Veblen NNP 34823 6517 2 has have VBZ 34823 6517 3 made make VBN 34823 6517 4 much much JJ 34823 6517 5 of of IN 34823 6517 6 the the DT 34823 6517 7 contention contention NN 34823 6517 8 that that IN 34823 6517 9 modern modern JJ 34823 6517 10 " " `` 34823 6517 11 capital capital NN 34823 6517 12 " " '' 34823 6517 13 is be VBZ 34823 6517 14 not not RB 34823 6517 15 , , , 34823 6517 16 as as IN 34823 6517 17 Smith Smith NNP 34823 6517 18 thought think VBD 34823 6517 19 , , , 34823 6517 20 and and CC 34823 6517 21 as as IN 34823 6517 22 orthodox orthodox JJ 34823 6517 23 economists economist NNS 34823 6517 24 in in IN 34823 6517 25 general general JJ 34823 6517 26 have have VBP 34823 6517 27 contended contend VBN 34823 6517 28 , , , 34823 6517 29 a a DT 34823 6517 30 matter matter NN 34823 6517 31 of of IN 34823 6517 32 physical physical JJ 34823 6517 33 accumulations accumulation NNS 34823 6517 34 of of IN 34823 6517 35 goods good NNS 34823 6517 36 . . . 34823 6518 1 The the DT 34823 6518 2 volume volume NN 34823 6518 3 of of IN 34823 6518 4 business business NN 34823 6518 5 capital capital NN 34823 6518 6 is be VBZ 34823 6518 7 a a DT 34823 6518 8 pecuniary pecuniary JJ 34823 6518 9 concept concept NN 34823 6518 10 , , , 34823 6518 11 and and CC 34823 6518 12 may may MD 34823 6518 13 wax wax VB 34823 6518 14 and and CC 34823 6518 15 wane wane VB 34823 6518 16 with with IN 34823 6518 17 little little JJ 34823 6518 18 variation variation NN 34823 6518 19 in in IN 34823 6518 20 the the DT 34823 6518 21 physical physical JJ 34823 6518 22 stocks stock NNS 34823 6518 23 . . . 34823 6519 1 " " `` 34823 6519 2 Under under IN 34823 6519 3 modern modern JJ 34823 6519 4 conditions condition NNS 34823 6519 5 the the DT 34823 6519 6 magnitude magnitude NN 34823 6519 7 of of IN 34823 6519 8 the the DT 34823 6519 9 business business NN 34823 6519 10 capital capital NN 34823 6519 11 and and CC 34823 6519 12 its -PRON- PRP$ 34823 6519 13 mutations mutation NNS 34823 6519 14 from from IN 34823 6519 15 day day NN 34823 6519 16 to to IN 34823 6519 17 day day NN 34823 6519 18 are be VBP 34823 6519 19 in in IN 34823 6519 20 great great JJ 34823 6519 21 measure measure NN 34823 6519 22 a a DT 34823 6519 23 question question NN 34823 6519 24 of of IN 34823 6519 25 folk folk NN 34823 6519 26 psychology psychology NN 34823 6519 27 rather rather RB 34823 6519 28 than than IN 34823 6519 29 of of IN 34823 6519 30 material material JJ 34823 6519 31 fact fact NN 34823 6519 32 . . . 34823 6519 33 " " '' 34823 6520 1 ( ( -LRB- 34823 6520 2 _ _ NNP 34823 6520 3 Theory Theory NNP 34823 6520 4 of of IN 34823 6520 5 Business Business NNP 34823 6520 6 Enterprise Enterprise NNP 34823 6520 7 _ _ NNP 34823 6520 8 , , , 34823 6520 9 p. p. NN 34823 6521 1 149 149 CD 34823 6521 2 . . . 34823 6521 3 ) ) -RRB- 34823 6522 1 And and CC 34823 6522 2 in in IN 34823 6522 3 large large JJ 34823 6522 4 measure measure NN 34823 6522 5 Veblen Veblen NNP 34823 6522 6 's 's POS 34823 6522 7 work work NN 34823 6522 8 is be VBZ 34823 6522 9 given give VBN 34823 6522 10 to to IN 34823 6522 11 showing show VBG 34823 6522 12 how how WRB 34823 6522 13 factors factor NNS 34823 6522 14 of of IN 34823 6522 15 legal legal JJ 34823 6522 16 and and CC 34823 6522 17 social social JJ 34823 6522 18 psychological psychological JJ 34823 6522 19 nature nature NN 34823 6522 20 get get VBP 34823 6522 21 a a DT 34823 6522 22 money money NN 34823 6522 23 - - HYPH 34823 6522 24 measure measure NN 34823 6522 25 . . . 34823 6523 1 The the DT 34823 6523 2 actual actual JJ 34823 6523 3 capital capital NN 34823 6523 4 of of IN 34823 6523 5 a a DT 34823 6523 6 business business NN 34823 6523 7 enterprise enterprise NN 34823 6523 8 does do VBZ 34823 6523 9 not not RB 34823 6523 10 rest rest VB 34823 6523 11 chiefly chiefly RB 34823 6523 12 on on IN 34823 6523 13 the the DT 34823 6523 14 physical physical JJ 34823 6523 15 equipment equipment NN 34823 6523 16 , , , 34823 6523 17 stocks stock NNS 34823 6523 18 of of IN 34823 6523 19 raw raw JJ 34823 6523 20 materials material NNS 34823 6523 21 , , , 34823 6523 22 etc etc FW 34823 6523 23 . . FW 34823 6523 24 , , , 34823 6523 25 etc etc FW 34823 6523 26 . . FW 34823 6523 27 , , , 34823 6523 28 which which WDT 34823 6523 29 it -PRON- PRP 34823 6523 30 possesses possess VBZ 34823 6523 31 . . . 34823 6524 1 To to TO 34823 6524 2 be be VB 34823 6524 3 added add VBN 34823 6524 4 is be VBZ 34823 6524 5 " " `` 34823 6524 6 good good JJ 34823 6524 7 will will NN 34823 6524 8 , , , 34823 6524 9 " " '' 34823 6524 10 and and CC 34823 6524 11 this this DT 34823 6524 12 includes include VBZ 34823 6524 13 ( ( -LRB- 34823 6524 14 p. p. NN 34823 6524 15 139 139 CD 34823 6524 16 ) ) -RRB- 34823 6524 17 established establish VBD 34823 6524 18 customary customary JJ 34823 6524 19 business business NN 34823 6524 20 relations relation NNS 34823 6524 21 , , , 34823 6524 22 reputation reputation NN 34823 6524 23 for for IN 34823 6524 24 fair fair JJ 34823 6524 25 dealing dealing NN 34823 6524 26 , , , 34823 6524 27 franchises franchise NNS 34823 6524 28 , , , 34823 6524 29 privileges privilege NNS 34823 6524 30 , , , 34823 6524 31 trade trade NN 34823 6524 32 - - HYPH 34823 6524 33 marks mark NNS 34823 6524 34 , , , 34823 6524 35 brands brand NNS 34823 6524 36 , , , 34823 6524 37 patent patent NN 34823 6524 38 rights right NNS 34823 6524 39 , , , 34823 6524 40 copyrights copyright NNS 34823 6524 41 , , , 34823 6524 42 exclusive exclusive JJ 34823 6524 43 use use NN 34823 6524 44 of of IN 34823 6524 45 processes process NNS 34823 6524 46 guarded guard VBN 34823 6524 47 by by IN 34823 6524 48 law law NN 34823 6524 49 or or CC 34823 6524 50 secrecy secrecy NN 34823 6524 51 , , , 34823 6524 52 exclusive exclusive JJ 34823 6524 53 control control NN 34823 6524 54 of of IN 34823 6524 55 particular particular JJ 34823 6524 56 sources source NNS 34823 6524 57 of of IN 34823 6524 58 materials material NNS 34823 6524 59 , , , 34823 6524 60 etc etc FW 34823 6524 61 . . . 34823 6525 1 Veblen Veblen NNP 34823 6525 2 contrasts contrast VBZ 34823 6525 3 things thing NNS 34823 6525 4 of of IN 34823 6525 5 this this DT 34823 6525 6 nature nature NN 34823 6525 7 sharply sharply RB 34823 6525 8 with with IN 34823 6525 9 the the DT 34823 6525 10 concrete concrete JJ 34823 6525 11 equipment equipment NN 34823 6525 12 , , , 34823 6525 13 saying say VBG 34823 6525 14 that that IN 34823 6525 15 the the DT 34823 6525 16 former former JJ 34823 6525 17 are be VBP 34823 6525 18 serviceable serviceable JJ 34823 6525 19 only only RB 34823 6525 20 to to IN 34823 6525 21 the the DT 34823 6525 22 owners owner NNS 34823 6525 23 , , , 34823 6525 24 while while IN 34823 6525 25 the the DT 34823 6525 26 latter latter JJ 34823 6525 27 are be VBP 34823 6525 28 serviceable serviceable JJ 34823 6525 29 to to IN 34823 6525 30 the the DT 34823 6525 31 community community NN 34823 6525 32 at at RB 34823 6525 33 large large JJ 34823 6525 34 as as RB 34823 6525 35 well well RB 34823 6525 36 . . . 34823 6526 1 The the DT 34823 6526 2 physical physical JJ 34823 6526 3 , , , 34823 6526 4 tangible tangible JJ 34823 6526 5 , , , 34823 6526 6 and and CC 34823 6526 7 ethically ethically RB 34823 6526 8 commendable commendable JJ 34823 6526 9 character character NN 34823 6526 10 of of IN 34823 6526 11 the the DT 34823 6526 12 physical physical JJ 34823 6526 13 equipment equipment NN 34823 6526 14 is be VBZ 34823 6526 15 everywhere everywhere RB 34823 6526 16 stressed stress VBN 34823 6526 17 , , , 34823 6526 18 while while IN 34823 6526 19 the the DT 34823 6526 20 pathological pathological JJ 34823 6526 21 , , , 34823 6526 22 anomolous anomolous JJ 34823 6526 23 , , , 34823 6526 24 and and CC 34823 6526 25 sinister sinister JJ 34823 6526 26 character character NN 34823 6526 27 of of IN 34823 6526 28 the the DT 34823 6526 29 less less RBR 34823 6526 30 tangible tangible JJ 34823 6526 31 and and CC 34823 6526 32 more more RBR 34823 6526 33 recent recent JJ 34823 6526 34 " " `` 34823 6526 35 capital capital NN 34823 6526 36 items item NNS 34823 6526 37 " " '' 34823 6526 38 is be VBZ 34823 6526 39 always always RB 34823 6526 40 set set VBN 34823 6526 41 before before IN 34823 6526 42 us -PRON- PRP 34823 6526 43 -- -- : 34823 6526 44 all all PDT 34823 6526 45 the the DT 34823 6526 46 more more RBR 34823 6526 47 effectively effectively RB 34823 6526 48 because because IN 34823 6526 49 Veblen Veblen NNP 34823 6526 50 maintains maintain VBZ 34823 6526 51 a a DT 34823 6526 52 satirical satirical JJ 34823 6526 53 attitude attitude NN 34823 6526 54 of of IN 34823 6526 55 moral moral JJ 34823 6526 56 indifference indifference NN 34823 6526 57 , , , 34823 6526 58 and and CC 34823 6526 59 presents present VBZ 34823 6526 60 the the DT 34823 6526 61 case case NN 34823 6526 62 with with IN 34823 6526 63 Olympian olympian JJ 34823 6526 64 aloofness aloofness NN 34823 6526 65 . . . 34823 6527 1 I -PRON- PRP 34823 6527 2 am be VBP 34823 6527 3 not not RB 34823 6527 4 here here RB 34823 6527 5 concerned concerned JJ 34823 6527 6 with with IN 34823 6527 7 the the DT 34823 6527 8 social social JJ 34823 6527 9 welfare welfare NN 34823 6527 10 aspect aspect NN 34823 6527 11 of of IN 34823 6527 12 the the DT 34823 6527 13 matter matter NN 34823 6527 14 , , , 34823 6527 15 though though IN 34823 6527 16 I -PRON- PRP 34823 6527 17 shall shall MD 34823 6527 18 later later RB 34823 6527 19 speak speak VB 34823 6527 20 of of IN 34823 6527 21 that that DT 34823 6527 22 . . . 34823 6528 1 My -PRON- PRP$ 34823 6528 2 present present JJ 34823 6528 3 purpose purpose NN 34823 6528 4 is be VBZ 34823 6528 5 to to TO 34823 6528 6 make make VB 34823 6528 7 clear clear JJ 34823 6528 8 two two CD 34823 6528 9 points point NNS 34823 6528 10 in in IN 34823 6528 11 Veblen Veblen NNP 34823 6528 12 's 's POS 34823 6528 13 doctrine doctrine NN 34823 6528 14 : : : 34823 6528 15 ( ( -LRB- 34823 6528 16 1 1 LS 34823 6528 17 ) ) -RRB- 34823 6528 18 that that IN 34823 6528 19 he -PRON- PRP 34823 6528 20 does do VBZ 34823 6528 21 bring bring VB 34823 6528 22 these these DT 34823 6528 23 intangible intangible JJ 34823 6528 24 things thing NNS 34823 6528 25 , , , 34823 6528 26 which which WDT 34823 6528 27 are be VBP 34823 6528 28 the the DT 34823 6528 29 variables variable NNS 34823 6528 30 involved involve VBN 34823 6528 31 in in IN 34823 6528 32 his -PRON- PRP$ 34823 6528 33 theory theory NN 34823 6528 34 of of IN 34823 6528 35 prosperity prosperity NN 34823 6528 36 , , , 34823 6528 37 under under IN 34823 6528 38 the the DT 34823 6528 39 price price NN 34823 6528 40 measure measure NN 34823 6528 41 ; ; : 34823 6528 42 and and CC 34823 6528 43 ( ( -LRB- 34823 6528 44 2 2 LS 34823 6528 45 ) ) -RRB- 34823 6528 46 that that IN 34823 6528 47 he -PRON- PRP 34823 6528 48 considers consider VBZ 34823 6528 49 these these DT 34823 6528 50 prices price NNS 34823 6528 51 as as IN 34823 6528 52 anomalies anomaly NNS 34823 6528 53 from from IN 34823 6528 54 the the DT 34823 6528 55 standpoint standpoint NN 34823 6528 56 of of IN 34823 6528 57 the the DT 34823 6528 58 general general JJ 34823 6528 59 laws law NNS 34823 6528 60 governing govern VBG 34823 6528 61 the the DT 34823 6528 62 values value NNS 34823 6528 63 and and CC 34823 6528 64 prices price NNS 34823 6528 65 of of IN 34823 6528 66 concrete concrete JJ 34823 6528 67 goods good NNS 34823 6528 68 . . . 34823 6529 1 To to IN 34823 6529 2 this this DT 34823 6529 3 last last JJ 34823 6529 4 point point NN 34823 6529 5 I -PRON- PRP 34823 6529 6 shall shall MD 34823 6529 7 later later RB 34823 6529 8 take take VB 34823 6529 9 sharp sharp JJ 34823 6529 10 exception exception NN 34823 6529 11 . . . 34823 6530 1 For for IN 34823 6530 2 the the DT 34823 6530 3 present present NN 34823 6530 4 , , , 34823 6530 5 I -PRON- PRP 34823 6530 6 wish wish VBP 34823 6530 7 to to TO 34823 6530 8 develop develop VB 34823 6530 9 further further RB 34823 6530 10 the the DT 34823 6530 11 extent extent NN 34823 6530 12 to to TO 34823 6530 13 which which WDT 34823 6530 14 such such JJ 34823 6530 15 factors factor NNS 34823 6530 16 may may MD 34823 6530 17 be be VB 34823 6530 18 brought bring VBN 34823 6530 19 under under IN 34823 6530 20 the the DT 34823 6530 21 general general JJ 34823 6530 22 static static JJ 34823 6530 23 measure measure NN 34823 6530 24 . . . 34823 6531 1 The the DT 34823 6531 2 feature feature NN 34823 6531 3 of of IN 34823 6531 4 static static JJ 34823 6531 5 theory theory NN 34823 6531 6 which which WDT 34823 6531 7 Veblen Veblen NNP 34823 6531 8 chiefly chiefly RB 34823 6531 9 employs employ VBZ 34823 6531 10 in in IN 34823 6531 11 giving give VBG 34823 6531 12 a a DT 34823 6531 13 money money NN 34823 6531 14 - - HYPH 34823 6531 15 measure measure NN 34823 6531 16 to to IN 34823 6531 17 his -PRON- PRP$ 34823 6531 18 " " `` 34823 6531 19 intangible intangible JJ 34823 6531 20 capital capital NN 34823 6531 21 " " '' 34823 6531 22 is be VBZ 34823 6531 23 the the DT 34823 6531 24 capitalization capitalization NN 34823 6531 25 theory theory NN 34823 6531 26 . . . 34823 6532 1 [ [ -LRB- 34823 6532 2 585 585 CD 34823 6532 3 ] ] -RRB- 34823 6532 4 The the DT 34823 6532 5 capital capital NN 34823 6532 6 magnitude magnitude NN 34823 6532 7 of of IN 34823 6532 8 the the DT 34823 6532 9 items item NNS 34823 6532 10 of of IN 34823 6532 11 good good JJ 34823 6532 12 will will MD 34823 6532 13 previously previously RB 34823 6532 14 mentioned mention VBN 34823 6532 15 is be VBZ 34823 6532 16 a a DT 34823 6532 17 capitalization capitalization NN 34823 6532 18 of of IN 34823 6532 19 the the DT 34823 6532 20 _ _ NNP 34823 6532 21 income income NN 34823 6532 22 _ _ NNP 34823 6532 23 which which WDT 34823 6532 24 they -PRON- PRP 34823 6532 25 are be VBP 34823 6532 26 expected expect VBN 34823 6532 27 to to TO 34823 6532 28 bring bring VB 34823 6532 29 in in RP 34823 6532 30 . . . 34823 6533 1 And and CC 34823 6533 2 it -PRON- PRP 34823 6533 3 may may MD 34823 6533 4 be be VB 34823 6533 5 said say VBN 34823 6533 6 that that IN 34823 6533 7 a a DT 34823 6533 8 large large JJ 34823 6533 9 part part NN 34823 6533 10 of of IN 34823 6533 11 Veblen Veblen NNP 34823 6533 12 's 's POS 34823 6533 13 doctrine doctrine NN 34823 6533 14 of of IN 34823 6533 15 the the DT 34823 6533 16 causes cause NNS 34823 6533 17 of of IN 34823 6533 18 the the DT 34823 6533 19 ups up NNS 34823 6533 20 and and CC 34823 6533 21 downs down NNS 34823 6533 22 of of IN 34823 6533 23 business business NN 34823 6533 24 rests rest NNS 34823 6533 25 on on IN 34823 6533 26 the the DT 34823 6533 27 complaint complaint NN 34823 6533 28 that that IN 34823 6533 29 this this DT 34823 6533 30 capitalization capitalization NN 34823 6533 31 process process NN 34823 6533 32 is be VBZ 34823 6533 33 not not RB 34823 6533 34 rationally rationally RB 34823 6533 35 carried carry VBN 34823 6533 36 through through IN 34823 6533 37 -- -- : 34823 6533 38 that that IN 34823 6533 39 incomes income NNS 34823 6533 40 are be VBP 34823 6533 41 overestimated overestimate VBN 34823 6533 42 , , , 34823 6533 43 and and CC 34823 6533 44 that that IN 34823 6533 45 business business NN 34823 6533 46 men man NNS 34823 6533 47 are be VBP 34823 6533 48 tenacious tenacious JJ 34823 6533 49 of of IN 34823 6533 50 capital capital NN 34823 6533 51 magnitudes magnitude NNS 34823 6533 52 once once RB 34823 6533 53 built build VBD 34823 6533 54 up up RP 34823 6533 55 , , , 34823 6533 56 and and CC 34823 6533 57 refuse refuse VB 34823 6533 58 to to TO 34823 6533 59 mark mark VB 34823 6533 60 them -PRON- PRP 34823 6533 61 down down RP 34823 6533 62 properly properly RB 34823 6533 63 when when WRB 34823 6533 64 the the DT 34823 6533 65 facts fact NNS 34823 6533 66 in in IN 34823 6533 67 the the DT 34823 6533 68 situation situation NN 34823 6533 69 have have VBP 34823 6533 70 changed change VBN 34823 6533 71 . . . 34823 6534 1 His -PRON- PRP$ 34823 6534 2 theory theory NN 34823 6534 3 of of IN 34823 6534 4 prosperity prosperity NN 34823 6534 5 thus thus RB 34823 6534 6 rests rest VBZ 34823 6534 7 on on IN 34823 6534 8 non non JJ 34823 6534 9 - - JJ 34823 6534 10 rational rational JJ 34823 6534 11 enthusiasm enthusiasm NN 34823 6534 12 on on IN 34823 6534 13 the the DT 34823 6534 14 one one CD 34823 6534 15 hand hand NN 34823 6534 16 , , , 34823 6534 17 and and CC 34823 6534 18 a a DT 34823 6534 19 certain certain JJ 34823 6534 20 kind kind NN 34823 6534 21 of of IN 34823 6534 22 " " `` 34823 6534 23 friction friction NN 34823 6534 24 " " '' 34823 6534 25 on on IN 34823 6534 26 the the DT 34823 6534 27 other other JJ 34823 6534 28 hand hand NN 34823 6534 29 , , , 34823 6534 30 and and CC 34823 6534 31 apparently apparently RB 34823 6534 32 the the DT 34823 6534 33 difficulties difficulty NNS 34823 6534 34 in in IN 34823 6534 35 the the DT 34823 6534 36 situation situation NN 34823 6534 37 as as IN 34823 6534 38 he -PRON- PRP 34823 6534 39 sees see VBZ 34823 6534 40 it -PRON- PRP 34823 6534 41 would would MD 34823 6534 42 largely largely RB 34823 6534 43 disappear disappear VB 34823 6534 44 if if IN 34823 6534 45 these these DT 34823 6534 46 two two CD 34823 6534 47 elements element NNS 34823 6534 48 could could MD 34823 6534 49 be be VB 34823 6534 50 rationalized rationalize VBN 34823 6534 51 , , , 34823 6534 52 and and CC 34823 6534 53 the the DT 34823 6534 54 static static JJ 34823 6534 55 theory theory NN 34823 6534 56 work work VB 34823 6534 57 more more RBR 34823 6534 58 perfectly perfectly RB 34823 6534 59 . . . 34823 6535 1 The the DT 34823 6535 2 elements element NNS 34823 6535 3 involved involve VBN 34823 6535 4 in in IN 34823 6535 5 the the DT 34823 6535 6 capitalization capitalization NN 34823 6535 7 theory theory NN 34823 6535 8 , , , 34823 6535 9 as as IN 34823 6535 10 shown show VBN 34823 6535 11 in in IN 34823 6535 12 the the DT 34823 6535 13 chapter chapter NN 34823 6535 14 on on IN 34823 6535 15 that that DT 34823 6535 16 topic topic NN 34823 6535 17 , , , 34823 6535 18 are be VBP 34823 6535 19 three three CD 34823 6535 20 : : : 34823 6535 21 the the DT 34823 6535 22 anticipated anticipated JJ 34823 6535 23 income income NN 34823 6535 24 , , , 34823 6535 25 the the DT 34823 6535 26 prevailing prevail VBG 34823 6535 27 rate rate NN 34823 6535 28 of of IN 34823 6535 29 discount discount NN 34823 6535 30 , , , 34823 6535 31 and and CC 34823 6535 32 the the DT 34823 6535 33 capital capital NN 34823 6535 34 value value NN 34823 6535 35 , , , 34823 6535 36 the the DT 34823 6535 37 last last JJ 34823 6535 38 named name VBN 34823 6535 39 being be VBG 34823 6535 40 the the DT 34823 6535 41 child child NN 34823 6535 42 of of IN 34823 6535 43 the the DT 34823 6535 44 first first JJ 34823 6535 45 two two CD 34823 6535 46 . . . 34823 6536 1 The the DT 34823 6536 2 capital capital NN 34823 6536 3 magnitude magnitude NN 34823 6536 4 is be VBZ 34823 6536 5 a a DT 34823 6536 6 shadow shadow NN 34823 6536 7 , , , 34823 6536 8 where where WRB 34823 6536 9 the the DT 34823 6536 10 income income NN 34823 6536 11 is be VBZ 34823 6536 12 the the DT 34823 6536 13 substance substance NN 34823 6536 14 . . . 34823 6537 1 Veblen Veblen NNP 34823 6537 2 seems seem VBZ 34823 6537 3 to to TO 34823 6537 4 find find VB 34823 6537 5 the the DT 34823 6537 6 trouble trouble NN 34823 6537 7 arising arise VBG 34823 6537 8 in in IN 34823 6537 9 that that IN 34823 6537 10 the the DT 34823 6537 11 capital capital NN 34823 6537 12 magnitude magnitude NN 34823 6537 13 takes take VBZ 34823 6537 14 on on RP 34823 6537 15 a a DT 34823 6537 16 substantial substantial JJ 34823 6537 17 character character NN 34823 6537 18 , , , 34823 6537 19 and and CC 34823 6537 20 refuses refuse VBZ 34823 6537 21 to to TO 34823 6537 22 play play VB 34823 6537 23 the the DT 34823 6537 24 passive passive JJ 34823 6537 25 rôle rôle NN 34823 6537 26 of of IN 34823 6537 27 shadow shadow NN 34823 6537 28 . . . 34823 6538 1 It -PRON- PRP 34823 6538 2 is be VBZ 34823 6538 3 interesting interesting JJ 34823 6538 4 , , , 34823 6538 5 in in IN 34823 6538 6 passing pass VBG 34823 6538 7 , , , 34823 6538 8 to to TO 34823 6538 9 compare compare VB 34823 6538 10 this this DT 34823 6538 11 theory theory NN 34823 6538 12 of of IN 34823 6538 13 Veblen Veblen NNP 34823 6538 14 's 's POS 34823 6538 15 with with IN 34823 6538 16 the the DT 34823 6538 17 theory theory NN 34823 6538 18 of of IN 34823 6538 19 crises crisis NNS 34823 6538 20 developed develop VBN 34823 6538 21 by by IN 34823 6538 22 Irving Irving NNP 34823 6538 23 Fisher Fisher NNP 34823 6538 24 , , , 34823 6538 25 from from IN 34823 6538 26 the the DT 34823 6538 27 standpoint standpoint NN 34823 6538 28 of of IN 34823 6538 29 a a DT 34823 6538 30 body body NN 34823 6538 31 of of IN 34823 6538 32 doctrine doctrine NN 34823 6538 33 which which WDT 34823 6538 34 is be VBZ 34823 6538 35 purely purely RB 34823 6538 36 static static JJ 34823 6538 37 , , , 34823 6538 38 and and CC 34823 6538 39 which which WDT 34823 6538 40 Veblen Veblen NNP 34823 6538 41 has have VBZ 34823 6538 42 criticised criticise VBN 34823 6538 43 as as IN 34823 6538 44 " " `` 34823 6538 45 taxonomic taxonomic NN 34823 6538 46 " " '' 34823 6538 47 in in IN 34823 6538 48 a a DT 34823 6538 49 high high JJ 34823 6538 50 degree degree NN 34823 6538 51 . . . 34823 6539 1 For for IN 34823 6539 2 Fisher[586 fisher[586 CD 34823 6539 3 ] ] -RRB- 34823 6539 4 the the DT 34823 6539 5 trouble trouble NN 34823 6539 6 arises arise VBZ 34823 6539 7 from from IN 34823 6539 8 friction friction NN 34823 6539 9 in in IN 34823 6539 10 connection connection NN 34823 6539 11 with with IN 34823 6539 12 another another DT 34823 6539 13 element element NN 34823 6539 14 in in IN 34823 6539 15 the the DT 34823 6539 16 capitalization capitalization NN 34823 6539 17 problem problem NN 34823 6539 18 , , , 34823 6539 19 namely namely RB 34823 6539 20 , , , 34823 6539 21 the the DT 34823 6539 22 interest interest NN 34823 6539 23 rate rate NN 34823 6539 24 . . . 34823 6540 1 Business business NN 34823 6540 2 men man NNS 34823 6540 3 think think VBP 34823 6540 4 that that IN 34823 6540 5 " " `` 34823 6540 6 a a DT 34823 6540 7 dollar dollar NN 34823 6540 8 's 's POS 34823 6540 9 a a DT 34823 6540 10 dollar dollar NN 34823 6540 11 , , , 34823 6540 12 " " '' 34823 6540 13 and and CC 34823 6540 14 refuse refuse VB 34823 6540 15 to to TO 34823 6540 16 let let VB 34823 6540 17 the the DT 34823 6540 18 interest interest NN 34823 6540 19 rate rate NN 34823 6540 20 be be VB 34823 6540 21 marked mark VBN 34823 6540 22 up up RP 34823 6540 23 in in IN 34823 6540 24 accordance accordance NN 34823 6540 25 with with IN 34823 6540 26 the the DT 34823 6540 27 doctrine doctrine NN 34823 6540 28 of of IN 34823 6540 29 " " `` 34823 6540 30 appreciation appreciation NN 34823 6540 31 and and CC 34823 6540 32 interest interest NN 34823 6540 33 . . . 34823 6540 34 " " '' 34823 6541 1 This this DT 34823 6541 2 , , , 34823 6541 3 likewise likewise RB 34823 6541 4 , , , 34823 6541 5 leads lead VBZ 34823 6541 6 to to IN 34823 6541 7 overcapitalization overcapitalization NN 34823 6541 8 , , , 34823 6541 9 leaves leave VBZ 34823 6541 10 the the DT 34823 6541 11 passive passive JJ 34823 6541 12 shadow shadow NN 34823 6541 13 too too RB 34823 6541 14 big big JJ 34823 6541 15 . . . 34823 6542 1 I -PRON- PRP 34823 6542 2 must must MD 34823 6542 3 confess confess VB 34823 6542 4 that that IN 34823 6542 5 it -PRON- PRP 34823 6542 6 seems seem VBZ 34823 6542 7 to to IN 34823 6542 8 me -PRON- PRP 34823 6542 9 that that IN 34823 6542 10 one one CD 34823 6542 11 theory theory NN 34823 6542 12 is be VBZ 34823 6542 13 about about RB 34823 6542 14 as as IN 34823 6542 15 " " `` 34823 6542 16 taxonomic taxonomic NN 34823 6542 17 " " '' 34823 6542 18 as as IN 34823 6542 19 the the DT 34823 6542 20 other other JJ 34823 6542 21 -- -- : 34823 6542 22 that that IN 34823 6542 23 both both DT 34823 6542 24 rest rest VB 34823 6542 25 on on IN 34823 6542 26 pointing point VBG 34823 6542 27 out out RP 34823 6542 28 divergences divergence NNS 34823 6542 29 from from IN 34823 6542 30 a a DT 34823 6542 31 static static NN 34823 6542 32 , , , 34823 6542 33 " " `` 34823 6542 34 taxonomic taxonomic JJ 34823 6542 35 " " '' 34823 6542 36 norm norm NN 34823 6542 37 . . . 34823 6543 1 In in IN 34823 6543 2 general general JJ 34823 6543 3 , , , 34823 6543 4 Veblen Veblen NNP 34823 6543 5 's 's POS 34823 6543 6 work work NN 34823 6543 7 in in IN 34823 6543 8 this this DT 34823 6543 9 field field NN 34823 6543 10 consists consist VBZ 34823 6543 11 in in IN 34823 6543 12 assimilating assimilate VBG 34823 6543 13 the the DT 34823 6543 14 " " `` 34823 6543 15 intangible intangible JJ 34823 6543 16 " " '' 34823 6543 17 capital capital NN 34823 6543 18 to to IN 34823 6543 19 the the DT 34823 6543 20 class class NN 34823 6543 21 of of IN 34823 6543 22 land land NN 34823 6543 23 , , , 34823 6543 24 and and CC 34823 6543 25 other other JJ 34823 6543 26 long long JJ 34823 6543 27 time time NN 34823 6543 28 concrete concrete JJ 34823 6543 29 income income NN 34823 6543 30 - - HYPH 34823 6543 31 bearers bearer NNS 34823 6543 32 , , , 34823 6543 33 but but CC 34823 6543 34 that that DT 34823 6543 35 is be VBZ 34823 6543 36 after after IN 34823 6543 37 all all DT 34823 6543 38 classification classification NN 34823 6543 39 , , , 34823 6543 40 systematization systematization NN 34823 6543 41 , , , 34823 6543 42 " " '' 34823 6543 43 taxonomy taxonomy NN 34823 6543 44 . . . 34823 6543 45 " " '' 34823 6544 1 In in IN 34823 6544 2 saying say VBG 34823 6544 3 all all PDT 34823 6544 4 this this DT 34823 6544 5 , , , 34823 6544 6 I -PRON- PRP 34823 6544 7 am be VBP 34823 6544 8 as as RB 34823 6544 9 far far RB 34823 6544 10 as as IN 34823 6544 11 possible possible JJ 34823 6544 12 from from IN 34823 6544 13 questioning question VBG 34823 6544 14 the the DT 34823 6544 15 value value NN 34823 6544 16 of of IN 34823 6544 17 Veblen Veblen NNP 34823 6544 18 's 's POS 34823 6544 19 work work NN 34823 6544 20 . . . 34823 6545 1 Rather rather RB 34823 6545 2 I -PRON- PRP 34823 6545 3 rate rate VBP 34823 6545 4 it -PRON- PRP 34823 6545 5 as as IN 34823 6545 6 of of IN 34823 6545 7 extreme extreme JJ 34823 6545 8 significance significance NN 34823 6545 9 . . . 34823 6546 1 " " `` 34823 6546 2 Taxonomy Taxonomy NNP 34823 6546 3 " " `` 34823 6546 4 does do VBZ 34823 6546 5 not not RB 34823 6546 6 appear appear VB 34823 6546 7 to to IN 34823 6546 8 me -PRON- PRP 34823 6546 9 so so RB 34823 6546 10 dreadful dreadful JJ 34823 6546 11 a a DT 34823 6546 12 word word NN 34823 6546 13 as as IN 34823 6546 14 it -PRON- PRP 34823 6546 15 does do VBZ 34823 6546 16 to to IN 34823 6546 17 Veblen Veblen NNP 34823 6546 18 . . . 34823 6547 1 I -PRON- PRP 34823 6547 2 should should MD 34823 6547 3 rather rather RB 34823 6547 4 say say VB 34823 6547 5 that that IN 34823 6547 6 some some DT 34823 6547 7 taxonomy taxonomy NN 34823 6547 8 is be VBZ 34823 6547 9 good good JJ 34823 6547 10 and and CC 34823 6547 11 some some DT 34823 6547 12 is be VBZ 34823 6547 13 bad bad JJ 34823 6547 14 , , , 34823 6547 15 depending depend VBG 34823 6547 16 on on IN 34823 6547 17 whether whether IN 34823 6547 18 or or CC 34823 6547 19 not not RB 34823 6547 20 it -PRON- PRP 34823 6547 21 leads lead VBZ 34823 6547 22 to to IN 34823 6547 23 fruitful fruitful JJ 34823 6547 24 generalizations generalization NNS 34823 6547 25 , , , 34823 6547 26 and and CC 34823 6547 27 deeper deep JJR 34823 6547 28 insights insight NNS 34823 6547 29 . . . 34823 6548 1 It -PRON- PRP 34823 6548 2 is be VBZ 34823 6548 3 , , , 34823 6548 4 as as IN 34823 6548 5 I -PRON- PRP 34823 6548 6 have have VBP 34823 6548 7 said say VBD 34823 6548 8 , , , 34823 6548 9 chiefly chiefly RB 34823 6548 10 the the DT 34823 6548 11 capitalization capitalization NN 34823 6548 12 theory theory NN 34823 6548 13 which which WDT 34823 6548 14 Veblen Veblen NNP 34823 6548 15 applies apply VBZ 34823 6548 16 to to IN 34823 6548 17 these these DT 34823 6548 18 newly newly RB 34823 6548 19 important important JJ 34823 6548 20 intangible intangible JJ 34823 6548 21 " " `` 34823 6548 22 capital capital NN 34823 6548 23 - - HYPH 34823 6548 24 items item NNS 34823 6548 25 . . . 34823 6548 26 " " '' 34823 6549 1 The the DT 34823 6549 2 phenomena phenomenon NNS 34823 6549 3 of of IN 34823 6549 4 the the DT 34823 6549 5 stock stock NN 34823 6549 6 - - HYPH 34823 6549 7 market market NN 34823 6549 8 , , , 34823 6549 9 where where WRB 34823 6549 10 such such JJ 34823 6549 11 things thing NNS 34823 6549 12 are be VBP 34823 6549 13 most most RBS 34823 6549 14 actively actively RB 34823 6549 15 bought buy VBN 34823 6549 16 and and CC 34823 6549 17 sold sell VBN 34823 6549 18 , , , 34823 6549 19 and and CC 34823 6549 20 where where WRB 34823 6549 21 they -PRON- PRP 34823 6549 22 appear appear VBP 34823 6549 23 as as IN 34823 6549 24 differential differential JJ 34823 6549 25 portions portion NNS 34823 6549 26 of of IN 34823 6549 27 the the DT 34823 6549 28 capital capital NN 34823 6549 29 values value NNS 34823 6549 30 of of IN 34823 6549 31 securities security NNS 34823 6549 32 , , , 34823 6549 33 doubtless doubtless RB 34823 6549 34 first first RB 34823 6549 35 called call VBN 34823 6549 36 attention attention NN 34823 6549 37 to to IN 34823 6549 38 them -PRON- PRP 34823 6549 39 -- -- : 34823 6549 40 though though IN 34823 6549 41 the the DT 34823 6549 42 item item NN 34823 6549 43 of of IN 34823 6549 44 " " `` 34823 6549 45 good good JJ 34823 6549 46 will will MD 34823 6549 47 " " '' 34823 6549 48 as as IN 34823 6549 49 a a DT 34823 6549 50 business business NN 34823 6549 51 asset asset NN 34823 6549 52 , , , 34823 6549 53 for for IN 34823 6549 54 which which WDT 34823 6549 55 a a DT 34823 6549 56 money money NN 34823 6549 57 - - HYPH 34823 6549 58 price price NN 34823 6549 59 is be VBZ 34823 6549 60 paid pay VBN 34823 6549 61 when when WRB 34823 6549 62 businesses business NNS 34823 6549 63 change change VBP 34823 6549 64 hands hand NNS 34823 6549 65 , , , 34823 6549 66 is be VBZ 34823 6549 67 doubtless doubtless RB 34823 6549 68 older old JJR 34823 6549 69 and and CC 34823 6549 70 wider wide JJR 34823 6549 71 than than IN 34823 6549 72 modern modern JJ 34823 6549 73 corporation corporation NN 34823 6549 74 finance finance NN 34823 6549 75 . . . 34823 6550 1 The the DT 34823 6550 2 capitalization capitalization NN 34823 6550 3 theory theory NN 34823 6550 4 applies apply VBZ 34823 6550 5 to to IN 34823 6550 6 them -PRON- PRP 34823 6550 7 most most RBS 34823 6550 8 readily readily RB 34823 6550 9 and and CC 34823 6550 10 obviously obviously RB 34823 6550 11 , , , 34823 6550 12 as as IN 34823 6550 13 compared compare VBN 34823 6550 14 with with IN 34823 6550 15 other other JJ 34823 6550 16 elements element NNS 34823 6550 17 in in IN 34823 6550 18 the the DT 34823 6550 19 static static JJ 34823 6550 20 theory theory NN 34823 6550 21 of of IN 34823 6550 22 prices price NNS 34823 6550 23 . . . 34823 6551 1 But but CC 34823 6551 2 as as IN 34823 6551 3 we -PRON- PRP 34823 6551 4 become become VBP 34823 6551 5 better well RBR 34823 6551 6 used used JJ 34823 6551 7 to to IN 34823 6551 8 the the DT 34823 6551 9 large large JJ 34823 6551 10 rôle rôle NNS 34823 6551 11 which which WDT 34823 6551 12 these these DT 34823 6551 13 phenomena phenomenon NNS 34823 6551 14 play,--not play,--not RB 34823 6551 15 that that WDT 34823 6551 16 the the DT 34823 6551 17 phenomena phenomenon NNS 34823 6551 18 are be VBP 34823 6551 19 new new JJ 34823 6551 20 , , , 34823 6551 21 but but CC 34823 6551 22 that that IN 34823 6551 23 their -PRON- PRP$ 34823 6551 24 present present JJ 34823 6551 25 importance importance NN 34823 6551 26 is be VBZ 34823 6551 27 new new JJ 34823 6551 28 , , , 34823 6551 29 and and CC 34823 6551 30 hence hence RB 34823 6551 31 our -PRON- PRP$ 34823 6551 32 serious serious JJ 34823 6551 33 study study NN 34823 6551 34 of of IN 34823 6551 35 them -PRON- PRP 34823 6551 36 is be VBZ 34823 6551 37 new new JJ 34823 6551 38 -- -- : 34823 6551 39 we -PRON- PRP 34823 6551 40 are be VBP 34823 6551 41 increasingly increasingly RB 34823 6551 42 able able JJ 34823 6551 43 to to TO 34823 6551 44 see see VB 34823 6551 45 that that IN 34823 6551 46 other other JJ 34823 6551 47 elements element NNS 34823 6551 48 of of IN 34823 6551 49 static static JJ 34823 6551 50 theory theory NN 34823 6551 51 also also RB 34823 6551 52 apply apply VBP 34823 6551 53 . . . 34823 6552 1 _ _ NNP 34823 6552 2 Static static JJ 34823 6552 3 theory theory NN 34823 6552 4 applies apply VBZ 34823 6552 5 increasingly increasingly RB 34823 6552 6 as as IN 34823 6552 7 understanding understand VBG 34823 6552 8 increases increase NNS 34823 6552 9 ! ! . 34823 6552 10 _ _ NNP 34823 6552 11 The the DT 34823 6552 12 vaguely vaguely RB 34823 6552 13 discerned discern VBN 34823 6552 14 , , , 34823 6552 15 the the DT 34823 6552 16 novel novel NN 34823 6552 17 , , , 34823 6552 18 the the DT 34823 6552 19 imperfectly imperfectly RB 34823 6552 20 analyzed analyze VBN 34823 6552 21 , , , 34823 6552 22 can can MD 34823 6552 23 be be VB 34823 6552 24 stated state VBN 34823 6552 25 only only RB 34823 6552 26 in in IN 34823 6552 27 qualitative qualitative JJ 34823 6552 28 terms term NNS 34823 6552 29 . . . 34823 6553 1 As as IN 34823 6553 2 things thing NNS 34823 6553 3 are be VBP 34823 6553 4 better well RBR 34823 6553 5 understood understand VBN 34823 6553 6 , , , 34823 6553 7 the the DT 34823 6553 8 mind mind NN 34823 6553 9 seeks seek VBZ 34823 6553 10 system system NN 34823 6553 11 , , , 34823 6553 12 taxonomy taxonomy NN 34823 6553 13 , , , 34823 6553 14 quantitative quantitative JJ 34823 6553 15 measurement measurement NN 34823 6553 16 . . . 34823 6554 1 Business business NN 34823 6554 2 men man NNS 34823 6554 3 to to IN 34823 6554 4 - - HYPH 34823 6554 5 day day NN 34823 6554 6 are be VBP 34823 6554 7 well well RB 34823 6554 8 accustomed accustomed JJ 34823 6554 9 to to IN 34823 6554 10 applying apply VBG 34823 6554 11 _ _ NNP 34823 6554 12 cost cost NN 34823 6554 13 _ _ NNP 34823 6554 14 concepts concept VBZ 34823 6554 15 to to IN 34823 6554 16 many many JJ 34823 6554 17 of of IN 34823 6554 18 these these DT 34823 6554 19 intangible intangible JJ 34823 6554 20 magnitudes magnitude NNS 34823 6554 21 . . . 34823 6555 1 Advertising advertising NN 34823 6555 2 , , , 34823 6555 3 for for IN 34823 6555 4 example example NN 34823 6555 5 , , , 34823 6555 6 is be VBZ 34823 6555 7 being be VBG 34823 6555 8 worked work VBN 34823 6555 9 out out RP 34823 6555 10 with with IN 34823 6555 11 increasing increase VBG 34823 6555 12 exactness exactness NN 34823 6555 13 , , , 34823 6555 14 and and CC 34823 6555 15 business business NN 34823 6555 16 men man NNS 34823 6555 17 are be VBP 34823 6555 18 increasingly increasingly RB 34823 6555 19 applying apply VBG 34823 6555 20 accounting accounting NN 34823 6555 21 processes process NNS 34823 6555 22 to to IN 34823 6555 23 the the DT 34823 6555 24 determination determination NN 34823 6555 25 of of IN 34823 6555 26 the the DT 34823 6555 27 question question NN 34823 6555 28 of of IN 34823 6555 29 _ _ NNP 34823 6555 30 how how WRB 34823 6555 31 much much RB 34823 6555 32 _ _ NNP 34823 6555 33 advertising advertising NN 34823 6555 34 " " `` 34823 6555 35 pays pay VBZ 34823 6555 36 . . . 34823 6555 37 " " '' 34823 6556 1 Well well RB 34823 6556 2 - - HYPH 34823 6556 3 known know VBN 34823 6556 4 brands brand NNS 34823 6556 5 are be VBP 34823 6556 6 capital capital NN 34823 6556 7 items item NNS 34823 6556 8 . . . 34823 6557 1 Well well RB 34823 6557 2 - - HYPH 34823 6557 3 known know VBN 34823 6557 4 brands brand NNS 34823 6557 5 have have VBP 34823 6557 6 cost cost NN 34823 6557 7 money money NN 34823 6557 8 ! ! . 34823 6558 1 Business business NN 34823 6558 2 men man NNS 34823 6558 3 contemplating contemplate VBG 34823 6558 4 the the DT 34823 6558 5 marketing marketing NN 34823 6558 6 problem problem NN 34823 6558 7 may may MD 34823 6558 8 well well RB 34823 6558 9 balance balance VB 34823 6558 10 the the DT 34823 6558 11 cost cost NN 34823 6558 12 of of IN 34823 6558 13 creating create VBG 34823 6558 14 a a DT 34823 6558 15 new new JJ 34823 6558 16 brand brand NN 34823 6558 17 against against IN 34823 6558 18 the the DT 34823 6558 19 cost cost NN 34823 6558 20 of of IN 34823 6558 21 buying buy VBG 34823 6558 22 an an DT 34823 6558 23 old old JJ 34823 6558 24 one one NN 34823 6558 25 , , , 34823 6558 26 and and CC 34823 6558 27 may may MD 34823 6558 28 balance balance VB 34823 6558 29 the the DT 34823 6558 30 cost cost NN 34823 6558 31 of of IN 34823 6558 32 creating create VBG 34823 6558 33 a a DT 34823 6558 34 new new JJ 34823 6558 35 brand brand NN 34823 6558 36 against against IN 34823 6558 37 the the DT 34823 6558 38 profit profit NN 34823 6558 39 to to TO 34823 6558 40 be be VB 34823 6558 41 made make VBN 34823 6558 42 from from IN 34823 6558 43 allowing allow VBG 34823 6558 44 an an DT 34823 6558 45 old old JJ 34823 6558 46 one one NN 34823 6558 47 to to TO 34823 6558 48 deteriorate deteriorate VB 34823 6558 49 , , , 34823 6558 50 through through IN 34823 6558 51 cheapening cheapen VBG 34823 6558 52 its -PRON- PRP$ 34823 6558 53 process process NN 34823 6558 54 of of IN 34823 6558 55 manufacture manufacture NN 34823 6558 56 . . . 34823 6559 1 Trade trade NN 34823 6559 2 - - HYPH 34823 6559 3 connections connection NNS 34823 6559 4 are be VBP 34823 6559 5 capital capital NN 34823 6559 6 items item NNS 34823 6559 7 . . . 34823 6560 1 They -PRON- PRP 34823 6560 2 are be VBP 34823 6560 3 also also RB 34823 6560 4 items item NNS 34823 6560 5 which which WDT 34823 6560 6 have have VBP 34823 6560 7 been be VBN 34823 6560 8 created create VBN 34823 6560 9 by by IN 34823 6560 10 patient patient JJ 34823 6560 11 thought thought NN 34823 6560 12 and and CC 34823 6560 13 labor labor NN 34823 6560 14 and and CC 34823 6560 15 expense expense NN 34823 6560 16 . . . 34823 6561 1 Franchises franchise NNS 34823 6561 2 , , , 34823 6561 3 since since IN 34823 6561 4 the the DT 34823 6561 5 days day NNS 34823 6561 6 when when WRB 34823 6561 7 the the DT 34823 6561 8 public public NN 34823 6561 9 awoke awake VBD 34823 6561 10 to to IN 34823 6561 11 their -PRON- PRP$ 34823 6561 12 value value NN 34823 6561 13 , , , 34823 6561 14 have have VBP 34823 6561 15 cost cost VBN 34823 6561 16 money money NN 34823 6561 17 to to IN 34823 6561 18 the the DT 34823 6561 19 corporations corporation NNS 34823 6561 20 that that WDT 34823 6561 21 possess possess VBP 34823 6561 22 them -PRON- PRP 34823 6561 23 , , , 34823 6561 24 and and CC 34823 6561 25 figure figure VB 34823 6561 26 in in IN 34823 6561 27 corporate corporate JJ 34823 6561 28 bookkeeping bookkeeping NN 34823 6561 29 often often RB 34823 6561 30 . . . 34823 6562 1 Even even RB 34823 6562 2 in in IN 34823 6562 3 the the DT 34823 6562 4 old old JJ 34823 6562 5 days day NNS 34823 6562 6 , , , 34823 6562 7 they -PRON- PRP 34823 6562 8 often often RB 34823 6562 9 had have VBD 34823 6562 10 a a DT 34823 6562 11 cost cost NN 34823 6562 12 , , , 34823 6562 13 which which WDT 34823 6562 14 commonly commonly RB 34823 6562 15 stayed stay VBD 34823 6562 16 _ _ NNP 34823 6562 17 out out RP 34823 6562 18 _ _ NNP 34823 6562 19 of of IN 34823 6562 20 the the DT 34823 6562 21 corporations corporation NNS 34823 6562 22 ' ' POS 34823 6562 23 books book NNS 34823 6562 24 , , , 34823 6562 25 at at IN 34823 6562 26 least least JJS 34823 6562 27 in in IN 34823 6562 28 that that DT 34823 6562 29 form,--bribes form,--bribe NNS 34823 6562 30 , , , 34823 6562 31 entertainments entertainment NNS 34823 6562 32 to to IN 34823 6562 33 legislators legislator NNS 34823 6562 34 and and CC 34823 6562 35 members member NNS 34823 6562 36 of of IN 34823 6562 37 councils council NNS 34823 6562 38 , , , 34823 6562 39 and and CC 34823 6562 40 so so RB 34823 6562 41 on on RB 34823 6562 42 . . . 34823 6563 1 In in IN 34823 6563 2 Part Part NNP 34823 6563 3 II II NNP 34823 6563 4 of of IN 34823 6563 5 this this DT 34823 6563 6 book,[587 book,[587 NNP 34823 6563 7 ] ] -RRB- 34823 6563 8 I -PRON- PRP 34823 6563 9 have have VBP 34823 6563 10 discussed discuss VBN 34823 6563 11 " " `` 34823 6563 12 selling sell VBG 34823 6563 13 costs cost NNS 34823 6563 14 " " '' 34823 6563 15 as as IN 34823 6563 16 contrasted contrast VBN 34823 6563 17 with with IN 34823 6563 18 costs cost NNS 34823 6563 19 of of IN 34823 6563 20 production production NN 34823 6563 21 in in IN 34823 6563 22 the the DT 34823 6563 23 narrow narrow JJ 34823 6563 24 sense sense NN 34823 6563 25 , , , 34823 6563 26 and and CC 34823 6563 27 have have VBP 34823 6563 28 pointed point VBN 34823 6563 29 out out RP 34823 6563 30 how how WRB 34823 6563 31 high high JJ 34823 6563 32 a a DT 34823 6563 33 proportion proportion NN 34823 6563 34 of of IN 34823 6563 35 total total JJ 34823 6563 36 costs cost NNS 34823 6563 37 these these DT 34823 6563 38 selling sell VBG 34823 6563 39 costs cost NNS 34823 6563 40 are be VBP 34823 6563 41 . . . 34823 6564 1 I -PRON- PRP 34823 6564 2 have have VBP 34823 6564 3 also also RB 34823 6564 4 indicated indicate VBN 34823 6564 5 how how WRB 34823 6564 6 many many JJ 34823 6564 7 of of IN 34823 6564 8 these these DT 34823 6564 9 costs cost NNS 34823 6564 10 tend tend VBP 34823 6564 11 to to TO 34823 6564 12 be be VB 34823 6564 13 " " `` 34823 6564 14 capitalized capitalize VBN 34823 6564 15 . . . 34823 6564 16 " " '' 34823 6565 1 These these DT 34823 6565 2 selling selling NN 34823 6565 3 costs cost NNS 34823 6565 4 are be VBP 34823 6565 5 static static JJ 34823 6565 6 measures measure NNS 34823 6565 7 of of IN 34823 6565 8 the the DT 34823 6565 9 elements element NNS 34823 6565 10 of of IN 34823 6565 11 " " `` 34823 6565 12 friction friction NN 34823 6565 13 " " '' 34823 6565 14 which which WDT 34823 6565 15 interfere interfere VBP 34823 6565 16 with with IN 34823 6565 17 the the DT 34823 6565 18 smooth smooth JJ 34823 6565 19 working working NN 34823 6565 20 of of IN 34823 6565 21 static static JJ 34823 6565 22 laws law NNS 34823 6565 23 ! ! . 34823 6566 1 An an DT 34823 6566 2 extension extension NN 34823 6566 3 of of IN 34823 6566 4 statics static NNS 34823 6566 5 , , , 34823 6566 6 however however RB 34823 6566 7 , , , 34823 6566 8 can can MD 34823 6566 9 in in IN 34823 6566 10 considerable considerable JJ 34823 6566 11 degree degree NN 34823 6566 12 take take VB 34823 6566 13 account account NN 34823 6566 14 of of IN 34823 6566 15 them -PRON- PRP 34823 6566 16 . . . 34823 6567 1 It -PRON- PRP 34823 6567 2 is be VBZ 34823 6567 3 , , , 34823 6567 4 of of IN 34823 6567 5 course course NN 34823 6567 6 , , , 34823 6567 7 far far RB 34823 6567 8 from from IN 34823 6567 9 true true JJ 34823 6567 10 that that IN 34823 6567 11 cost cost NN 34823 6567 12 doctrine doctrine NN 34823 6567 13 will will MD 34823 6567 14 explain explain VB 34823 6567 15 all all DT 34823 6567 16 of of IN 34823 6567 17 these these DT 34823 6567 18 intangible intangible JJ 34823 6567 19 capital capital NN 34823 6567 20 magnitudes magnitude NNS 34823 6567 21 . . . 34823 6568 1 But but CC 34823 6568 2 this this DT 34823 6568 3 is be VBZ 34823 6568 4 likewise likewise RB 34823 6568 5 true true JJ 34823 6568 6 of of IN 34823 6568 7 the the DT 34823 6568 8 prices price NNS 34823 6568 9 of of IN 34823 6568 10 many many JJ 34823 6568 11 tangible tangible JJ 34823 6568 12 items item NNS 34823 6568 13 . . . 34823 6569 1 Cost cost NN 34823 6569 2 doctrine doctrine NN 34823 6569 3 does do VBZ 34823 6569 4 not not RB 34823 6569 5 hold hold VB 34823 6569 6 universal universal JJ 34823 6569 7 sway sway NN 34823 6569 8 even even RB 34823 6569 9 in in IN 34823 6569 10 the the DT 34823 6569 11 confines confine NNS 34823 6569 12 of of IN 34823 6569 13 the the DT 34823 6569 14 strictest strictest NN 34823 6569 15 static static JJ 34823 6569 16 theory theory NN 34823 6569 17 . . . 34823 6570 1 I -PRON- PRP 34823 6570 2 have have VBP 34823 6570 3 said say VBN 34823 6570 4 that that IN 34823 6570 5 dynamic dynamic JJ 34823 6570 6 factors factor NNS 34823 6570 7 tend tend VBP 34823 6570 8 to to TO 34823 6570 9 come come VB 34823 6570 10 under under IN 34823 6570 11 the the DT 34823 6570 12 rules rule NNS 34823 6570 13 of of IN 34823 6570 14 static static JJ 34823 6570 15 taxonomy taxonomy NN 34823 6570 16 to to IN 34823 6570 17 the the DT 34823 6570 18 extent extent NN 34823 6570 19 that that IN 34823 6570 20 they -PRON- PRP 34823 6570 21 become become VBP 34823 6570 22 more more RBR 34823 6570 23 accurately accurately RB 34823 6570 24 understood understand VBN 34823 6570 25 . . . 34823 6571 1 The the DT 34823 6571 2 understanding understanding NN 34823 6571 3 here here RB 34823 6571 4 referred refer VBD 34823 6571 5 to to TO 34823 6571 6 is be VBZ 34823 6571 7 not not RB 34823 6571 8 merely merely RB 34823 6571 9 on on IN 34823 6571 10 the the DT 34823 6571 11 part part NN 34823 6571 12 of of IN 34823 6571 13 the the DT 34823 6571 14 scientific scientific JJ 34823 6571 15 theorist theorist NN 34823 6571 16 ! ! . 34823 6572 1 The the DT 34823 6572 2 subject subject NN 34823 6572 3 - - HYPH 34823 6572 4 matter matter NN 34823 6572 5 of of IN 34823 6572 6 economic economic JJ 34823 6572 7 science science NN 34823 6572 8 is be VBZ 34823 6572 9 itself -PRON- PRP 34823 6572 10 psychological psychological JJ 34823 6572 11 . . . 34823 6573 1 It -PRON- PRP 34823 6573 2 includes include VBZ 34823 6573 3 the the DT 34823 6573 4 psychology psychology NN 34823 6573 5 of of IN 34823 6573 6 the the DT 34823 6573 7 business business NN 34823 6573 8 man man NN 34823 6573 9 , , , 34823 6573 10 as as RB 34823 6573 11 well well RB 34823 6573 12 as as IN 34823 6573 13 the the DT 34823 6573 14 psychology psychology NN 34823 6573 15 of of IN 34823 6573 16 purchasers purchaser NNS 34823 6573 17 and and CC 34823 6573 18 laborers laborer NNS 34823 6573 19 , , , 34823 6573 20 and and CC 34823 6573 21 the the DT 34823 6573 22 general general JJ 34823 6573 23 field field NN 34823 6573 24 of of IN 34823 6573 25 social social JJ 34823 6573 26 - - HYPH 34823 6573 27 mental mental JJ 34823 6573 28 life life NN 34823 6573 29 that that WDT 34823 6573 30 bears bear VBZ 34823 6573 31 on on IN 34823 6573 32 economic economic JJ 34823 6573 33 processes process NNS 34823 6573 34 . . . 34823 6574 1 It -PRON- PRP 34823 6574 2 includes include VBZ 34823 6574 3 the the DT 34823 6574 4 theories theory NNS 34823 6574 5 of of IN 34823 6574 6 the the DT 34823 6574 7 business business NN 34823 6574 8 men man NNS 34823 6574 9 , , , 34823 6574 10 as as RB 34823 6574 11 well well RB 34823 6574 12 as as IN 34823 6574 13 their -PRON- PRP$ 34823 6574 14 aspirations aspiration NNS 34823 6574 15 and and CC 34823 6574 16 " " `` 34823 6574 17 motives motive NNS 34823 6574 18 . . . 34823 6574 19 " " '' 34823 6575 1 It -PRON- PRP 34823 6575 2 includes include VBZ 34823 6575 3 their -PRON- PRP$ 34823 6575 4 methods method NNS 34823 6575 5 of of IN 34823 6575 6 computation computation NN 34823 6575 7 , , , 34823 6575 8 and and CC 34823 6575 9 the the DT 34823 6575 10 accuracy accuracy NN 34823 6575 11 or or CC 34823 6575 12 inaccuracy inaccuracy NN 34823 6575 13 of of IN 34823 6575 14 their -PRON- PRP$ 34823 6575 15 prognostications prognostication NNS 34823 6575 16 . . . 34823 6576 1 It -PRON- PRP 34823 6576 2 has have VBZ 34823 6576 3 been be VBN 34823 6576 4 pointed point VBN 34823 6576 5 out out RP 34823 6576 6 recently recently RB 34823 6576 7 that that IN 34823 6576 8 at at IN 34823 6576 9 the the DT 34823 6576 10 current current JJ 34823 6576 11 price price NN 34823 6576 12 of of IN 34823 6576 13 copper copper NN 34823 6576 14 ( ( -LRB- 34823 6576 15 22c 22c NNS 34823 6576 16 . . . 34823 6577 1 per per IN 34823 6577 2 pound pound NN 34823 6577 3 in in IN 34823 6577 4 Jan. January NNP 34823 6577 5 1916 1916 CD 34823 6577 6 ) ) -RRB- 34823 6577 7 the the DT 34823 6577 8 prices price NNS 34823 6577 9 of of IN 34823 6577 10 copper copper NN 34823 6577 11 stocks stock NNS 34823 6577 12 are be VBP 34823 6577 13 very very RB 34823 6577 14 much much RB 34823 6577 15 lower low JJR 34823 6577 16 than than IN 34823 6577 17 they -PRON- PRP 34823 6577 18 were be VBD 34823 6577 19 when when WRB 34823 6577 20 copper copper NN 34823 6577 21 reached reach VBD 34823 6577 22 the the DT 34823 6577 23 same same JJ 34823 6577 24 price price NN 34823 6577 25 some some DT 34823 6577 26 years year NNS 34823 6577 27 ago ago RB 34823 6577 28 . . . 34823 6578 1 Calumet Calumet NNP 34823 6578 2 and and CC 34823 6578 3 Hecla Hecla NNP 34823 6578 4 stands stand VBZ 34823 6578 5 some some DT 34823 6578 6 two two CD 34823 6578 7 or or CC 34823 6578 8 three three CD 34823 6578 9 hundred hundred CD 34823 6578 10 points point NNS 34823 6578 11 lower low JJR 34823 6578 12 than than IN 34823 6578 13 it -PRON- PRP 34823 6578 14 did do VBD 34823 6578 15 then then RB 34823 6578 16 , , , 34823 6578 17 and and CC 34823 6578 18 the the DT 34823 6578 19 same same JJ 34823 6578 20 percentage percentage NN 34823 6578 21 difference difference NN 34823 6578 22 is be VBZ 34823 6578 23 manifest manif JJS 34823 6578 24 in in IN 34823 6578 25 the the DT 34823 6578 26 case case NN 34823 6578 27 of of IN 34823 6578 28 many many JJ 34823 6578 29 other other JJ 34823 6578 30 stocks stock NNS 34823 6578 31 . . . 34823 6579 1 But but CC 34823 6579 2 the the DT 34823 6579 3 explanation explanation NN 34823 6579 4 which which WDT 34823 6579 5 the the DT 34823 6579 6 broker broker NN 34823 6579 7 and and CC 34823 6579 8 market market NN 34823 6579 9 writer writer NN 34823 6579 10 offer offer NN 34823 6579 11 is be VBZ 34823 6579 12 that that IN 34823 6579 13 people people NNS 34823 6579 14 have have VBP 34823 6579 15 awakened awaken VBN 34823 6579 16 to to IN 34823 6579 17 the the DT 34823 6579 18 fact fact NN 34823 6579 19 that that IN 34823 6579 20 mining mining NN 34823 6579 21 stocks stock NNS 34823 6579 22 are be VBP 34823 6579 23 stocks stock NNS 34823 6579 24 with with IN 34823 6579 25 wasting waste VBG 34823 6579 26 assets asset NNS 34823 6579 27 , , , 34823 6579 28 that that IN 34823 6579 29 the the DT 34823 6579 30 incomes income NNS 34823 6579 31 from from IN 34823 6579 32 copper copper NN 34823 6579 33 stocks stock NNS 34823 6579 34 can can MD 34823 6579 35 not not RB 34823 6579 36 , , , 34823 6579 37 therefore therefore RB 34823 6579 38 , , , 34823 6579 39 be be VB 34823 6579 40 capitalized capitalize VBN 34823 6579 41 on on IN 34823 6579 42 so so RB 34823 6579 43 high high JJ 34823 6579 44 a a DT 34823 6579 45 basis basis NN 34823 6579 46 as as IN 34823 6579 47 similar similar JJ 34823 6579 48 incomes income NNS 34823 6579 49 from from IN 34823 6579 50 other other JJ 34823 6579 51 securities security NNS 34823 6579 52 ; ; : 34823 6579 53 that that IN 34823 6579 54 people people NNS 34823 6579 55 to to IN 34823 6579 56 - - HYPH 34823 6579 57 day day NN 34823 6579 58 realize realize VB 34823 6579 59 this this DT 34823 6579 60 fact fact NN 34823 6579 61 as as IN 34823 6579 62 they -PRON- PRP 34823 6579 63 did do VBD 34823 6579 64 not not RB 34823 6579 65 some some DT 34823 6579 66 years year NNS 34823 6579 67 ago ago RB 34823 6579 68 ; ; : 34823 6579 69 that that IN 34823 6579 70 the the DT 34823 6579 71 earlier early JJR 34823 6579 72 capital capital NN 34823 6579 73 - - HYPH 34823 6579 74 prices price NNS 34823 6579 75 of of IN 34823 6579 76 copper copper NN 34823 6579 77 stocks stock NNS 34823 6579 78 were be VBD 34823 6579 79 vastly vastly RB 34823 6579 80 exaggerated exaggerate VBN 34823 6579 81 on on IN 34823 6579 82 the the DT 34823 6579 83 basis basis NN 34823 6579 84 of of IN 34823 6579 85 a a DT 34823 6579 86 careful careful JJ 34823 6579 87 estimate estimate NN 34823 6579 88 of of IN 34823 6579 89 probable probable JJ 34823 6579 90 total total JJ 34823 6579 91 future future JJ 34823 6579 92 income income NN 34823 6579 93 , , , 34823 6579 94 etc etc FW 34823 6579 95 . . . 34823 6580 1 Japan Japan NNP 34823 6580 2 , , , 34823 6580 3 little little JJ 34823 6580 4 used used JJ 34823 6580 5 to to IN 34823 6580 6 the the DT 34823 6580 7 great great JJ 34823 6580 8 prosperity prosperity NN 34823 6580 9 growing grow VBG 34823 6580 10 out out IN 34823 6580 11 of of IN 34823 6580 12 sudden sudden JJ 34823 6580 13 great great JJ 34823 6580 14 increases increase NNS 34823 6580 15 of of IN 34823 6580 16 special special JJ 34823 6580 17 kinds kind NNS 34823 6580 18 of of IN 34823 6580 19 business business NN 34823 6580 20 , , , 34823 6580 21 found find VBD 34823 6580 22 herself -PRON- PRP 34823 6580 23 in in IN 34823 6580 24 such such PDT 34823 6580 25 an an DT 34823 6580 26 orgy orgy NN 34823 6580 27 of of IN 34823 6580 28 war war NN 34823 6580 29 stock stock NN 34823 6580 30 speculation speculation NN 34823 6580 31 that that IN 34823 6580 32 it -PRON- PRP 34823 6580 33 was be VBD 34823 6580 34 necessary necessary JJ 34823 6580 35 to to TO 34823 6580 36 close close VB 34823 6580 37 the the DT 34823 6580 38 stock stock NN 34823 6580 39 exchange exchange NN 34823 6580 40 in in IN 34823 6580 41 1915 1915 CD 34823 6580 42 . . . 34823 6581 1 The the DT 34823 6581 2 United United NNP 34823 6581 3 States States NNP 34823 6581 4 , , , 34823 6581 5 better well RBR 34823 6581 6 familiar familiar JJ 34823 6581 7 with with IN 34823 6581 8 the the DT 34823 6581 9 phenomena phenomenon NNS 34823 6581 10 of of IN 34823 6581 11 boom boom NN 34823 6581 12 and and CC 34823 6581 13 depression depression NN 34823 6581 14 , , , 34823 6581 15 seasoned season VBN 34823 6581 16 by by IN 34823 6581 17 many many JJ 34823 6581 18 experiences experience NNS 34823 6581 19 of of IN 34823 6581 20 similar similar JJ 34823 6581 21 nature nature NN 34823 6581 22 , , , 34823 6581 23 have have VBP 34823 6581 24 found find VBN 34823 6581 25 that that IN 34823 6581 26 on on IN 34823 6581 27 the the DT 34823 6581 28 whole,--at whole,--at NN 34823 6581 29 least least JJS 34823 6581 30 in in IN 34823 6581 31 the the DT 34823 6581 32 opinion opinion NN 34823 6581 33 of of IN 34823 6581 34 many many JJ 34823 6581 35 competent competent JJ 34823 6581 36 judges judge NNS 34823 6581 37 in in IN 34823 6581 38 January January NNP 34823 6581 39 of of IN 34823 6581 40 1916,--war 1916,--war CD 34823 6581 41 stock stock NN 34823 6581 42 speculation speculation NN 34823 6581 43 has have VBZ 34823 6581 44 been be VBN 34823 6581 45 kept keep VBN 34823 6581 46 in in IN 34823 6581 47 reasonable reasonable JJ 34823 6581 48 bounds bound NNS 34823 6581 49 , , , 34823 6581 50 thanks thank NNS 34823 6581 51 in in IN 34823 6581 52 large large JJ 34823 6581 53 part part NN 34823 6581 54 to to IN 34823 6581 55 the the DT 34823 6581 56 conservatism conservatism NN 34823 6581 57 and and CC 34823 6581 58 caution caution NN 34823 6581 59 of of IN 34823 6581 60 bankers banker NNS 34823 6581 61 and and CC 34823 6581 62 brokers broker NNS 34823 6581 63 , , , 34823 6581 64 and and CC 34823 6581 65 that that IN 34823 6581 66 the the DT 34823 6581 67 general general JJ 34823 6581 68 economic economic JJ 34823 6581 69 situation situation NN 34823 6581 70 is be VBZ 34823 6581 71 in in IN 34823 6581 72 fairly fairly RB 34823 6581 73 stable stable JJ 34823 6581 74 equilibrium equilibrium NN 34823 6581 75 , , , 34823 6581 76 with with IN 34823 6581 77 most most JJS 34823 6581 78 of of IN 34823 6581 79 the the DT 34823 6581 80 probable probable JJ 34823 6581 81 sources source NNS 34823 6581 82 of of IN 34823 6581 83 disaster disaster NN 34823 6581 84 foreseen foreseen NN 34823 6581 85 and and CC 34823 6581 86 " " `` 34823 6581 87 discounted discount VBN 34823 6581 88 . . . 34823 6581 89 " " '' 34823 6582 1 To to TO 34823 6582 2 " " `` 34823 6582 3 discount discount NN 34823 6582 4 " " '' 34823 6582 5 is be VBZ 34823 6582 6 to to TO 34823 6582 7 make make VB 34823 6582 8 " " `` 34823 6582 9 static static JJ 34823 6582 10 " " '' 34823 6582 11 ! ! . 34823 6583 1 [ [ -LRB- 34823 6583 2 588 588 CD 34823 6583 3 ] ] -RRB- 34823 6583 4 Whatever whatever WDT 34823 6583 5 the the DT 34823 6583 6 business business NN 34823 6583 7 man man NN 34823 6583 8 can can MD 34823 6583 9 reduce reduce VB 34823 6583 10 to to IN 34823 6583 11 bookkeeping bookkeepe VBG 34823 6583 12 terms term NNS 34823 6583 13 , , , 34823 6583 14 and and CC 34823 6583 15 whatever whatever WDT 34823 6583 16 he -PRON- PRP 34823 6583 17 can can MD 34823 6583 18 measure measure VB 34823 6583 19 by by IN 34823 6583 20 money money NN 34823 6583 21 in in IN 34823 6583 22 the the DT 34823 6583 23 market market NN 34823 6583 24 , , , 34823 6583 25 the the DT 34823 6583 26 economist economist NN 34823 6583 27 should should MD 34823 6583 28 be be VB 34823 6583 29 able able JJ 34823 6583 30 to to TO 34823 6583 31 bring bring VB 34823 6583 32 within within IN 34823 6583 33 the the DT 34823 6583 34 " " `` 34823 6583 35 orderly orderly JJ 34823 6583 36 sequences sequence NNS 34823 6583 37 of of IN 34823 6583 38 economic economic JJ 34823 6583 39 law law NN 34823 6583 40 . . . 34823 6583 41 " " '' 34823 6584 1 In in IN 34823 6584 2 _ _ NNP 34823 6584 3 Social Social NNP 34823 6584 4 Value Value NNP 34823 6584 5 _ _ NNP 34823 6584 6 , , , 34823 6584 7 I -PRON- PRP 34823 6584 8 have have VBP 34823 6584 9 pointed point VBN 34823 6584 10 out out RP 34823 6584 11 how how WRB 34823 6584 12 wide wide JJ 34823 6584 13 is be VBZ 34823 6584 14 the the DT 34823 6584 15 scope scope NN 34823 6584 16 of of IN 34823 6584 17 the the DT 34823 6584 18 money money NN 34823 6584 19 measure measure NN 34823 6584 20 . . . 34823 6585 1 Waves wave NNS 34823 6585 2 of of IN 34823 6585 3 public public JJ 34823 6585 4 opinion opinion NN 34823 6585 5 , , , 34823 6585 6 of of IN 34823 6585 7 waning wane VBG 34823 6585 8 or or CC 34823 6585 9 waxing wax VBG 34823 6585 10 hope hope NN 34823 6585 11 and and CC 34823 6585 12 belief belief NN 34823 6585 13 , , , 34823 6585 14 of of IN 34823 6585 15 patriotic patriotic JJ 34823 6585 16 fervor fervor NN 34823 6585 17 , , , 34823 6585 18 of of IN 34823 6585 19 religious religious JJ 34823 6585 20 exaltation exaltation NN 34823 6585 21 , , , 34823 6585 22 of of IN 34823 6585 23 political political JJ 34823 6585 24 movements movement NNS 34823 6585 25 of of IN 34823 6585 26 one one CD 34823 6585 27 or or CC 34823 6585 28 another another DT 34823 6585 29 kind kind NN 34823 6585 30 -- -- : 34823 6585 31 all all PDT 34823 6585 32 these these DT 34823 6585 33 find find VBP 34823 6585 34 some some DT 34823 6585 35 sort sort NN 34823 6585 36 of of IN 34823 6585 37 money money NN 34823 6585 38 measure measure NN 34823 6585 39 in in IN 34823 6585 40 the the DT 34823 6585 41 market market NN 34823 6585 42 . . . 34823 6586 1 In in IN 34823 6586 2 the the DT 34823 6586 3 gold gold JJ 34823 6586 4 market market NN 34823 6586 5 in in IN 34823 6586 6 the the DT 34823 6586 7 early early JJ 34823 6586 8 ' ' `` 34823 6586 9 60 60 CD 34823 6586 10 's 's NN 34823 6586 11 in in IN 34823 6586 12 New New NNP 34823 6586 13 York York NNP 34823 6586 14 , , , 34823 6586 15 the the DT 34823 6586 16 " " `` 34823 6586 17 bulls bull NNS 34823 6586 18 " " '' 34823 6586 19 sang sing VBD 34823 6586 20 " " '' 34823 6586 21 Dixie Dixie NNP 34823 6586 22 , , , 34823 6586 23 " " '' 34823 6586 24 and and CC 34823 6586 25 the the DT 34823 6586 26 bears bear NNS 34823 6586 27 sang sing VBD 34823 6586 28 " " `` 34823 6586 29 John John NNP 34823 6586 30 Brown Brown NNP 34823 6586 31 's 's POS 34823 6586 32 Body Body NNP 34823 6586 33 " " '' 34823 6586 34 ! ! . 34823 6587 1 It -PRON- PRP 34823 6587 2 was be VBD 34823 6587 3 patriotic patriotic JJ 34823 6587 4 to to TO 34823 6587 5 be be VB 34823 6587 6 a a DT 34823 6587 7 bear bear NN 34823 6587 8 , , , 34823 6587 9 and and CC 34823 6587 10 unpatriotic unpatriotic JJ 34823 6587 11 to to TO 34823 6587 12 be be VB 34823 6587 13 a a DT 34823 6587 14 bull bull NN 34823 6587 15 . . . 34823 6588 1 These these DT 34823 6588 2 considerations consideration NNS 34823 6588 3 affected affect VBD 34823 6588 4 the the DT 34823 6588 5 prices price NNS 34823 6588 6 very very RB 34823 6588 7 appreciably appreciably RB 34823 6588 8 , , , 34823 6588 9 at at IN 34823 6588 10 times time NNS 34823 6588 11 , , , 34823 6588 12 especially especially RB 34823 6588 13 at at IN 34823 6588 14 the the DT 34823 6588 15 beginning beginning NN 34823 6588 16 of of IN 34823 6588 17 the the DT 34823 6588 18 speculation speculation NN 34823 6588 19 in in IN 34823 6588 20 Greenbacks Greenbacks NNP 34823 6588 21 . . . 34823 6589 1 Waning waning NN 34823 6589 2 and and CC 34823 6589 3 waxing wax VBG 34823 6589 4 belief belief NN 34823 6589 5 in in IN 34823 6589 6 the the DT 34823 6589 7 triumph triumph NN 34823 6589 8 of of IN 34823 6589 9 the the DT 34823 6589 10 Northern northern JJ 34823 6589 11 armies army NNS 34823 6589 12 manifested manifest VBD 34823 6589 13 itself -PRON- PRP 34823 6589 14 very very RB 34823 6589 15 strikingly strikingly RB 34823 6589 16 in in IN 34823 6589 17 the the DT 34823 6589 18 prices price NNS 34823 6589 19 in in IN 34823 6589 20 the the DT 34823 6589 21 gold gold NN 34823 6589 22 market market NN 34823 6589 23 , , , 34823 6589 24 as as IN 34823 6589 25 W. W. NNP 34823 6589 26 C. C. NNP 34823 6589 27 Mitchell Mitchell NNP 34823 6589 28 has have VBZ 34823 6589 29 conclusively conclusively RB 34823 6589 30 proved prove VBN 34823 6589 31 , , , 34823 6589 32 with with IN 34823 6589 33 a a DT 34823 6589 34 wealth wealth NN 34823 6589 35 of of IN 34823 6589 36 detailed detailed JJ 34823 6589 37 evidence evidence NN 34823 6589 38 , , , 34823 6589 39 in in IN 34823 6589 40 his -PRON- PRP$ 34823 6589 41 _ _ NNP 34823 6589 42 History history NN 34823 6589 43 of of IN 34823 6589 44 the the DT 34823 6589 45 Greenbacks Greenbacks NNPS 34823 6589 46 _ _ NNP 34823 6589 47 . . . 34823 6590 1 But but CC 34823 6590 2 in in IN 34823 6590 3 less less JJR 34823 6590 4 systematic systematic JJ 34823 6590 5 markets market NNS 34823 6590 6 , , , 34823 6590 7 in in IN 34823 6590 8 less less RBR 34823 6590 9 organized organized JJ 34823 6590 10 and and CC 34823 6590 11 regular regular JJ 34823 6590 12 ways way NNS 34823 6590 13 , , , 34823 6590 14 many many JJ 34823 6590 15 things thing NNS 34823 6590 16 besides besides IN 34823 6590 17 are be VBP 34823 6590 18 given give VBN 34823 6590 19 a a DT 34823 6590 20 money money NN 34823 6590 21 measure measure NN 34823 6590 22 : : : 34823 6590 23 " " `` 34823 6590 24 Against against IN 34823 6590 25 what what WP 34823 6590 26 , , , 34823 6590 27 indeed indeed RB 34823 6590 28 , , , 34823 6590 29 shall shall MD 34823 6590 30 wealth wealth NN 34823 6590 31 be be VB 34823 6590 32 measured measure VBN 34823 6590 33 ? ? . 34823 6591 1 Where where WRB 34823 6591 2 are be VBP 34823 6591 3 the the DT 34823 6591 4 markets market NNS 34823 6591 5 which which WDT 34823 6591 6 measure measure VBP 34823 6591 7 its -PRON- PRP$ 34823 6591 8 fluctuations fluctuation NNS 34823 6591 9 ? ? . 34823 6592 1 " " `` 34823 6592 2 But but CC 34823 6592 3 such such JJ 34823 6592 4 markets market NNS 34823 6592 5 exist exist VBP 34823 6592 6 , , , 34823 6592 7 always always RB 34823 6592 8 have have VBP 34823 6592 9 existed exist VBN 34823 6592 10 . . . 34823 6593 1 Are be VBP 34823 6593 2 there there EX 34823 6593 3 not not RB 34823 6593 4 streets street NNS 34823 6593 5 where where WRB 34823 6593 6 woman woman NN 34823 6593 7 's 's POS 34823 6593 8 virtue virtue NN 34823 6593 9 is be VBZ 34823 6593 10 sold sell VBN 34823 6593 11 ? ? . 34823 6594 1 Are be VBP 34823 6594 2 there there EX 34823 6594 3 not not RB 34823 6594 4 commonwealths commonwealth NNS 34823 6594 5 where where WRB 34823 6594 6 there there EX 34823 6594 7 is be VBZ 34823 6594 8 a a DT 34823 6594 9 ruling rule VBG 34823 6594 10 price price NN 34823 6594 11 for for IN 34823 6594 12 votes vote NNS 34823 6594 13 ? ? . 34823 6595 1 Do do VBP 34823 6595 2 not not RB 34823 6595 3 the the DT 34823 6595 4 comparative comparative JJ 34823 6595 5 rewards reward NNS 34823 6595 6 of of IN 34823 6595 7 occupations occupation NNS 34823 6595 8 indicate indicate VBP 34823 6595 9 what what WP 34823 6595 10 inducements inducement NNS 34823 6595 11 will will MD 34823 6595 12 overcome overcome VB 34823 6595 13 the the DT 34823 6595 14 love love NN 34823 6595 15 of of IN 34823 6595 16 independence independence NN 34823 6595 17 , , , 34823 6595 18 of of IN 34823 6595 19 safety safety NN 34823 6595 20 , , , 34823 6595 21 of of IN 34823 6595 22 good good JJ 34823 6595 23 repute repute NN 34823 6595 24 ? ? . 34823 6596 1 We -PRON- PRP 34823 6596 2 see see VBP 34823 6596 3 men man NNS 34823 6596 4 sacrificing sacrifice VBG 34823 6596 5 health health NN 34823 6596 6 , , , 34823 6596 7 or or CC 34823 6596 8 leisure leisure NN 34823 6596 9 , , , 34823 6596 10 or or CC 34823 6596 11 family family NN 34823 6596 12 life life NN 34823 6596 13 , , , 34823 6596 14 or or CC 34823 6596 15 offspring offspring NN 34823 6596 16 , , , 34823 6596 17 or or CC 34823 6596 18 friends friend NNS 34823 6596 19 , , , 34823 6596 20 or or CC 34823 6596 21 liberty liberty NN 34823 6596 22 , , , 34823 6596 23 or or CC 34823 6596 24 honor honor NN 34823 6596 25 , , , 34823 6596 26 or or CC 34823 6596 27 truth truth NN 34823 6596 28 , , , 34823 6596 29 for for IN 34823 6596 30 gain gain NN 34823 6596 31 . . . 34823 6597 1 The the DT 34823 6597 2 volume volume NN 34823 6597 3 of of IN 34823 6597 4 such such JJ 34823 6597 5 spiritual spiritual JJ 34823 6597 6 goods good NNS 34823 6597 7 Mammon Mammon NNP 34823 6597 8 can can MD 34823 6597 9 lure lure VB 34823 6597 10 into into IN 34823 6597 11 the the DT 34823 6597 12 market market NN 34823 6597 13 measures measure NNS 34823 6597 14 the the DT 34823 6597 15 power power NN 34823 6597 16 of of IN 34823 6597 17 money money NN 34823 6597 18 .... .... . 34823 6598 1 When when WRB 34823 6598 2 gold gold NN 34823 6598 3 can can MD 34823 6598 4 not not RB 34823 6598 5 shake shake VB 34823 6598 6 the the DT 34823 6598 7 nobleman nobleman NN 34823 6598 8 's 's POS 34823 6598 9 pride pride NN 34823 6598 10 of of IN 34823 6598 11 caste caste NNP 34823 6598 12 , , , 34823 6598 13 the the DT 34823 6598 14 statesman statesman NN 34823 6598 15 's 's POS 34823 6598 16 patriotism patriotism NN 34823 6598 17 , , , 34823 6598 18 the the DT 34823 6598 19 soldier soldier NN 34823 6598 20 's 's POS 34823 6598 21 honor honor NN 34823 6598 22 , , , 34823 6598 23 the the DT 34823 6598 24 wife wife NN 34823 6598 25 's 's POS 34823 6598 26 fidelity fidelity NN 34823 6598 27 , , , 34823 6598 28 the the DT 34823 6598 29 official official NN 34823 6598 30 's 's POS 34823 6598 31 sense sense NN 34823 6598 32 of of IN 34823 6598 33 duty duty NN 34823 6598 34 , , , 34823 6598 35 or or CC 34823 6598 36 the the DT 34823 6598 37 artist artist NN 34823 6598 38 's 's POS 34823 6598 39 devotion devotion NN 34823 6598 40 to to IN 34823 6598 41 his -PRON- PRP$ 34823 6598 42 ideal ideal NN 34823 6598 43 , , , 34823 6598 44 wealth wealth NN 34823 6598 45 is be VBZ 34823 6598 46 cheap cheap JJ 34823 6598 47 . . . 34823 6599 1 But but CC 34823 6599 2 when when WRB 34823 6599 3 maidens maiden NNS 34823 6599 4 yield yield VBP 34823 6599 5 themselves -PRON- PRP 34823 6599 6 to to IN 34823 6599 7 senile senile JJ 34823 6599 8 moneybags moneybag NNS 34823 6599 9 , , , 34823 6599 10 youths youth NNS 34823 6599 11 swarm swarm JJ 34823 6599 12 about about IN 34823 6599 13 the the DT 34823 6599 14 unattractive unattractive JJ 34823 6599 15 heiress heiress NN 34823 6599 16 , , , 34823 6599 17 judges judge NNS 34823 6599 18 take take VBP 34823 6599 19 bribes bribe NNS 34823 6599 20 , , , 34823 6599 21 experts expert NNS 34823 6599 22 sell sell VBP 34823 6599 23 their -PRON- PRP$ 34823 6599 24 opinions opinion NNS 34823 6599 25 to to IN 34823 6599 26 the the DT 34823 6599 27 highest high JJS 34823 6599 28 bidder bidder NN 34823 6599 29 , , , 34823 6599 30 and and CC 34823 6599 31 genius genius NN 34823 6599 32 champions champion NNS 34823 6599 33 the the DT 34823 6599 34 cause cause NN 34823 6599 35 it -PRON- PRP 34823 6599 36 does do VBZ 34823 6599 37 not not RB 34823 6599 38 believe believe VB 34823 6599 39 in in IN 34823 6599 40 , , , 34823 6599 41 wealth wealth NN 34823 6599 42 is be VBZ 34823 6599 43 rated rate VBN 34823 6599 44 high high JJ 34823 6599 45 . . . 34823 6599 46 " " '' 34823 6600 1 ( ( -LRB- 34823 6600 2 Ross Ross NNP 34823 6600 3 , , , 34823 6600 4 _ _ NNP 34823 6600 5 Foundations Foundations NNPS 34823 6600 6 of of IN 34823 6600 7 Sociology Sociology NNP 34823 6600 8 _ _ NNP 34823 6600 9 , , , 34823 6600 10 pp pp NNP 34823 6600 11 . . . 34823 6601 1 171 171 CD 34823 6601 2 - - SYM 34823 6601 3 172 172 CD 34823 6601 4 . . . 34823 6601 5 ) ) -RRB- 34823 6602 1 Ross Ross NNP 34823 6602 2 is be VBZ 34823 6602 3 here here RB 34823 6602 4 interested interested JJ 34823 6602 5 chiefly chiefly RB 34823 6602 6 in in IN 34823 6602 7 the the DT 34823 6602 8 problem problem NN 34823 6602 9 of of IN 34823 6602 10 measuring measure VBG 34823 6602 11 the the DT 34823 6602 12 varying vary VBG 34823 6602 13 significance significance NN 34823 6602 14 of of IN 34823 6602 15 wealth wealth NN 34823 6602 16 , , , 34823 6602 17 symbolized symbolize VBN 34823 6602 18 by by IN 34823 6602 19 money money NN 34823 6602 20 , , , 34823 6602 21 in in IN 34823 6602 22 terms term NNS 34823 6602 23 of of IN 34823 6602 24 other other JJ 34823 6602 25 and and CC 34823 6602 26 non non JJ 34823 6602 27 - - JJ 34823 6602 28 economic economic JJ 34823 6602 29 , , , 34823 6602 30 goods good NNS 34823 6602 31 . . . 34823 6603 1 But but CC 34823 6603 2 it -PRON- PRP 34823 6603 3 is be VBZ 34823 6603 4 equally equally RB 34823 6603 5 true true JJ 34823 6603 6 that that IN 34823 6603 7 money money NN 34823 6603 8 measures measure VBZ 34823 6603 9 these these DT 34823 6603 10 goods good NNS 34823 6603 11 . . . 34823 6604 1 The the DT 34823 6604 2 range range NN 34823 6604 3 of of IN 34823 6604 4 the the DT 34823 6604 5 money money NN 34823 6604 6 measure measure NN 34823 6604 7 is be VBZ 34823 6604 8 very very RB 34823 6604 9 wide wide JJ 34823 6604 10 . . . 34823 6605 1 Nor nor CC 34823 6605 2 is be VBZ 34823 6605 3 it -PRON- PRP 34823 6605 4 confined confine VBN 34823 6605 5 to to IN 34823 6605 6 the the DT 34823 6605 7 exchanging exchange VBG 34823 6605 8 process process NN 34823 6605 9 . . . 34823 6606 1 Gabriel Gabriel NNP 34823 6606 2 Tarde[589 tarde[589 CD 34823 6606 3 ] ] -RRB- 34823 6606 4 has have VBZ 34823 6606 5 pointed point VBN 34823 6606 6 out out RP 34823 6606 7 that that IN 34823 6606 8 money money NN 34823 6606 9 may may MD 34823 6606 10 function function VB 34823 6606 11 as as IN 34823 6606 12 a a DT 34823 6606 13 measure measure NN 34823 6606 14 of of IN 34823 6606 15 non non JJ 34823 6606 16 - - JJ 34823 6606 17 material material JJ 34823 6606 18 goods good NNS 34823 6606 19 through through IN 34823 6606 20 gifts gift NNS 34823 6606 21 , , , 34823 6606 22 public public JJ 34823 6606 23 subscriptions subscription NNS 34823 6606 24 , , , 34823 6606 25 etc etc FW 34823 6606 26 . . . 34823 6607 1 It -PRON- PRP 34823 6607 2 is be VBZ 34823 6607 3 surely surely RB 34823 6607 4 no no DT 34823 6607 5 extravagant extravagant JJ 34823 6607 6 claim claim NN 34823 6607 7 to to TO 34823 6607 8 make make VB 34823 6607 9 that that IN 34823 6607 10 the the DT 34823 6607 11 methods method NNS 34823 6607 12 of of IN 34823 6607 13 static static JJ 34823 6607 14 economics economic NNS 34823 6607 15 may may MD 34823 6607 16 be be VB 34823 6607 17 extended extend VBN 34823 6607 18 at at IN 34823 6607 19 least least JJS 34823 6607 20 as as RB 34823 6607 21 far far RB 34823 6607 22 as as IN 34823 6607 23 the the DT 34823 6607 24 money money NN 34823 6607 25 measure measure NN 34823 6607 26 goes go VBZ 34823 6607 27 ! ! . 34823 6608 1 We -PRON- PRP 34823 6608 2 shall shall MD 34823 6608 3 later later RB 34823 6608 4 see see VB 34823 6608 5 reason reason NN 34823 6608 6 for for IN 34823 6608 7 believing believe VBG 34823 6608 8 that that DT 34823 6608 9 fruitful fruitful JJ 34823 6608 10 results result NNS 34823 6608 11 may may MD 34823 6608 12 come come VB 34823 6608 13 from from IN 34823 6608 14 an an DT 34823 6608 15 even even RB 34823 6608 16 wider wide JJR 34823 6608 17 extension extension NN 34823 6608 18 of of IN 34823 6608 19 the the DT 34823 6608 20 static static JJ 34823 6608 21 notion notion NN 34823 6608 22 , , , 34823 6608 23 at at IN 34823 6608 24 least least JJS 34823 6608 25 as as IN 34823 6608 26 a a DT 34823 6608 27 schematic schematic JJ 34823 6608 28 device device NN 34823 6608 29 . . . 34823 6609 1 In in IN 34823 6609 2 reducing reduce VBG 34823 6609 3 static static JJ 34823 6609 4 and and CC 34823 6609 5 dynamic dynamic JJ 34823 6609 6 considerations consideration NNS 34823 6609 7 to to IN 34823 6609 8 common common JJ 34823 6609 9 terms term NNS 34823 6609 10 , , , 34823 6609 11 we -PRON- PRP 34823 6609 12 have have VBP 34823 6609 13 now now RB 34823 6609 14 gone go VBN 34823 6609 15 far far RB 34823 6609 16 . . . 34823 6610 1 We -PRON- PRP 34823 6610 2 have have VBP 34823 6610 3 shown show VBN 34823 6610 4 that that IN 34823 6610 5 a a DT 34823 6610 6 wide wide JJ 34823 6610 7 range range NN 34823 6610 8 indeed indeed RB 34823 6610 9 of of IN 34823 6610 10 the the DT 34823 6610 11 phenomena phenomenon NNS 34823 6610 12 deemed deem VBN 34823 6610 13 dynamic dynamic JJ 34823 6610 14 , , , 34823 6610 15 and and CC 34823 6610 16 largely largely RB 34823 6610 17 ignored ignore VBN 34823 6610 18 by by IN 34823 6610 19 current current JJ 34823 6610 20 static static JJ 34823 6610 21 theory theory NN 34823 6610 22 , , , 34823 6610 23 left leave VBN 34823 6610 24 to to IN 34823 6610 25 the the DT 34823 6610 26 discussion discussion NN 34823 6610 27 of of IN 34823 6610 28 such such JJ 34823 6610 29 innovating innovate VBG 34823 6610 30 students student NNS 34823 6610 31 of of IN 34823 6610 32 the the DT 34823 6610 33 " " `` 34823 6610 34 theory theory NN 34823 6610 35 of of IN 34823 6610 36 prosperity prosperity NN 34823 6610 37 " " '' 34823 6610 38 as as IN 34823 6610 39 Veblen Veblen NNP 34823 6610 40 , , , 34823 6610 41 are be VBP 34823 6610 42 really really RB 34823 6610 43 in in IN 34823 6610 44 the the DT 34823 6610 45 actual actual JJ 34823 6610 46 practice practice NN 34823 6610 47 of of IN 34823 6610 48 the the DT 34823 6610 49 business business NN 34823 6610 50 world world NN 34823 6610 51 treated treat VBN 34823 6610 52 in in IN 34823 6610 53 the the DT 34823 6610 54 same same JJ 34823 6610 55 way way NN 34823 6610 56 as as IN 34823 6610 57 are be VBP 34823 6610 58 the the DT 34823 6610 59 " " `` 34823 6610 60 static static JJ 34823 6610 61 " " '' 34823 6610 62 phenomena phenomenon NNS 34823 6610 63 of of IN 34823 6610 64 the the DT 34823 6610 65 values value NNS 34823 6610 66 of of IN 34823 6610 67 physical physical JJ 34823 6610 68 goods good NNS 34823 6610 69 and and CC 34823 6610 70 concrete concrete JJ 34823 6610 71 services service NNS 34823 6610 72 . . . 34823 6611 1 And and CC 34823 6611 2 we -PRON- PRP 34823 6611 3 have have VBP 34823 6611 4 further further RB 34823 6611 5 shown show VBN 34823 6611 6 how how WRB 34823 6611 7 wide wide JJ 34823 6611 8 indeed indeed RB 34823 6611 9 is be VBZ 34823 6611 10 the the DT 34823 6611 11 scope scope NN 34823 6611 12 of of IN 34823 6611 13 the the DT 34823 6611 14 static static JJ 34823 6611 15 yardstick yardstick NN 34823 6611 16 , , , 34823 6611 17 the the DT 34823 6611 18 dollar dollar NN 34823 6611 19 . . . 34823 6612 1 But but CC 34823 6612 2 this this DT 34823 6612 3 is be VBZ 34823 6612 4 only only RB 34823 6612 5 a a DT 34823 6612 6 part part NN 34823 6612 7 of of IN 34823 6612 8 the the DT 34823 6612 9 story story NN 34823 6612 10 . . . 34823 6613 1 We -PRON- PRP 34823 6613 2 have have VBP 34823 6613 3 generalized generalize VBN 34823 6613 4 statics static NNS 34823 6613 5 . . . 34823 6614 1 Can Can MD 34823 6614 2 we -PRON- PRP 34823 6614 3 similarly similarly RB 34823 6614 4 generalize generalize VB 34823 6614 5 dynamics dynamic NNS 34823 6614 6 ? ? . 34823 6615 1 Or or CC 34823 6615 2 has have VBZ 34823 6615 3 our -PRON- PRP$ 34823 6615 4 generalization generalization NN 34823 6615 5 of of IN 34823 6615 6 statics static NNS 34823 6615 7 merely merely RB 34823 6615 8 narrowed narrow VBD 34823 6615 9 the the DT 34823 6615 10 field field NN 34823 6615 11 of of IN 34823 6615 12 dynamic dynamic JJ 34823 6615 13 considerations consideration NNS 34823 6615 14 ? ? . 34823 6616 1 To to IN 34823 6616 2 this this DT 34823 6616 3 I -PRON- PRP 34823 6616 4 reply reply VBP 34823 6616 5 that that IN 34823 6616 6 we -PRON- PRP 34823 6616 7 may may MD 34823 6616 8 view view VB 34823 6616 9 the the DT 34823 6616 10 whole whole JJ 34823 6616 11 field field NN 34823 6616 12 likewise likewise RB 34823 6616 13 from from IN 34823 6616 14 the the DT 34823 6616 15 angle angle NN 34823 6616 16 of of IN 34823 6616 17 what what WP 34823 6616 18 we -PRON- PRP 34823 6616 19 have have VBP 34823 6616 20 called call VBN 34823 6616 21 dynamics dynamic NNS 34823 6616 22 , , , 34823 6616 23 or or CC 34823 6616 24 theory theory NN 34823 6616 25 of of IN 34823 6616 26 prosperity prosperity NN 34823 6616 27 , , , 34823 6616 28 or or CC 34823 6616 29 similar similar JJ 34823 6616 30 name name NN 34823 6616 31 . . . 34823 6617 1 These these DT 34823 6617 2 terms term NNS 34823 6617 3 are be VBP 34823 6617 4 not not RB 34823 6617 5 satisfactory satisfactory JJ 34823 6617 6 , , , 34823 6617 7 in in IN 34823 6617 8 my -PRON- PRP$ 34823 6617 9 view view NN 34823 6617 10 , , , 34823 6617 11 and and CC 34823 6617 12 I -PRON- PRP 34823 6617 13 have have VBP 34823 6617 14 already already RB 34823 6617 15 used use VBN 34823 6617 16 terms term NNS 34823 6617 17 that that WDT 34823 6617 18 appear appear VBP 34823 6617 19 to to IN 34823 6617 20 me -PRON- PRP 34823 6617 21 better well RBR 34823 6617 22 . . . 34823 6618 1 My -PRON- PRP$ 34823 6618 2 exposition exposition NN 34823 6618 3 on on IN 34823 6618 4 this this DT 34823 6618 5 point point NN 34823 6618 6 will will MD 34823 6618 7 be be VB 34823 6618 8 briefer briefer VB 34823 6618 9 than than IN 34823 6618 10 in in IN 34823 6618 11 the the DT 34823 6618 12 generalization generalization NN 34823 6618 13 of of IN 34823 6618 14 statics static NNS 34823 6618 15 , , , 34823 6618 16 since since IN 34823 6618 17 I -PRON- PRP 34823 6618 18 may may MD 34823 6618 19 refer refer VB 34823 6618 20 to to IN 34823 6618 21 what what WP 34823 6618 22 I -PRON- PRP 34823 6618 23 have have VBP 34823 6618 24 said say VBN 34823 6618 25 elsewhere elsewhere RB 34823 6618 26 . . . 34823 6619 1 In in IN 34823 6619 2 stating state VBG 34823 6619 3 Veblen Veblen NNP 34823 6619 4 's 's POS 34823 6619 5 contrast contrast NN 34823 6619 6 between between IN 34823 6619 7 " " `` 34823 6619 8 business business NN 34823 6619 9 capital capital NN 34823 6619 10 " " '' 34823 6619 11 and and CC 34823 6619 12 " " `` 34823 6619 13 the the DT 34823 6619 14 wealth wealth NN 34823 6619 15 of of IN 34823 6619 16 nations nation NNS 34823 6619 17 , , , 34823 6619 18 " " '' 34823 6619 19 I -PRON- PRP 34823 6619 20 quoted quote VBD 34823 6619 21 him -PRON- PRP 34823 6619 22 as as IN 34823 6619 23 follows follow VBZ 34823 6619 24 : : : 34823 6619 25 " " `` 34823 6619 26 Under under IN 34823 6619 27 modern modern JJ 34823 6619 28 conditions condition NNS 34823 6619 29 the the DT 34823 6619 30 magnitude magnitude NN 34823 6619 31 of of IN 34823 6619 32 the the DT 34823 6619 33 business business NN 34823 6619 34 capital capital NN 34823 6619 35 and and CC 34823 6619 36 its -PRON- PRP$ 34823 6619 37 mutations mutation NNS 34823 6619 38 from from IN 34823 6619 39 day day NN 34823 6619 40 to to IN 34823 6619 41 day day NN 34823 6619 42 are be VBP 34823 6619 43 in in IN 34823 6619 44 great great JJ 34823 6619 45 measure measure NN 34823 6619 46 a a DT 34823 6619 47 question question NN 34823 6619 48 of of IN 34823 6619 49 folk folk NN 34823 6619 50 psychology psychology NN 34823 6619 51 rather rather RB 34823 6619 52 than than IN 34823 6619 53 of of IN 34823 6619 54 material material JJ 34823 6619 55 fact fact NN 34823 6619 56 . . . 34823 6619 57 " " '' 34823 6620 1 The the DT 34823 6620 2 capital capital NN 34823 6620 3 , , , 34823 6620 4 or or CC 34823 6620 5 the the DT 34823 6620 6 wealth wealth NN 34823 6620 7 in in IN 34823 6620 8 general general JJ 34823 6620 9 , , , 34823 6620 10 of of IN 34823 6620 11 older old JJR 34823 6620 12 and and CC 34823 6620 13 simpler simple JJR 34823 6620 14 days day NNS 34823 6620 15 was be VBD 34823 6620 16 a a DT 34823 6620 17 material material JJ 34823 6620 18 matter matter NN 34823 6620 19 , , , 34823 6620 20 concrete concrete JJ 34823 6620 21 goods good NNS 34823 6620 22 and and CC 34823 6620 23 services service NNS 34823 6620 24 , , , 34823 6620 25 in in IN 34823 6620 26 his -PRON- PRP$ 34823 6620 27 view view NN 34823 6620 28 . . . 34823 6621 1 The the DT 34823 6621 2 newer new JJR 34823 6621 3 items item NNS 34823 6621 4 of of IN 34823 6621 5 capital capital NN 34823 6621 6 are be VBP 34823 6621 7 anomalies anomaly NNS 34823 6621 8 , , , 34823 6621 9 presenting present VBG 34823 6621 10 something something NN 34823 6621 11 strange strange JJ 34823 6621 12 and and CC 34823 6621 13 novel novel JJ 34823 6621 14 , , , 34823 6621 15 and and CC 34823 6621 16 sinister sinister NN 34823 6621 17 . . . 34823 6622 1 I -PRON- PRP 34823 6622 2 should should MD 34823 6622 3 maintain maintain VB 34823 6622 4 that that DT 34823 6622 5 , , , 34823 6622 6 whether whether IN 34823 6622 7 sinister sinister NN 34823 6622 8 or or CC 34823 6622 9 no no UH 34823 6622 10 , , , 34823 6622 11 they -PRON- PRP 34823 6622 12 are be VBP 34823 6622 13 in in IN 34823 6622 14 principle principle NN 34823 6622 15 at at IN 34823 6622 16 least least JJS 34823 6622 17 not not RB 34823 6622 18 _ _ NNP 34823 6622 19 novel novel NN 34823 6622 20 _ _ NNP 34823 6622 21 or or CC 34823 6622 22 _ _ NNP 34823 6622 23 anomalous anomalous JJ 34823 6622 24 _ _ NNP 34823 6622 25 . . . 34823 6623 1 _ _ IN 34823 6623 2 All all DT 34823 6623 3 economic economic JJ 34823 6623 4 values value NNS 34823 6623 5 are be VBP 34823 6623 6 matters matter NNS 34823 6623 7 of of IN 34823 6623 8 folk folk NN 34823 6623 9 - - HYPH 34823 6623 10 psychology psychology NN 34823 6623 11 ! ! . 34823 6623 12 _ _ IN 34823 6623 13 All all DT 34823 6623 14 economic economic JJ 34823 6623 15 values value NNS 34823 6623 16 are be VBP 34823 6623 17 social social JJ 34823 6623 18 values value NNS 34823 6623 19 . . . 34823 6624 1 All all DT 34823 6624 2 are be VBP 34823 6624 3 to to TO 34823 6624 4 be be VB 34823 6624 5 explained explain VBN 34823 6624 6 on on IN 34823 6624 7 the the DT 34823 6624 8 same same JJ 34823 6624 9 general general JJ 34823 6624 10 principles principle NNS 34823 6624 11 that that WDT 34823 6624 12 explain explain VBP 34823 6624 13 the the DT 34823 6624 14 values value NNS 34823 6624 15 of of IN 34823 6624 16 the the DT 34823 6624 17 most most RBS 34823 6624 18 complicated complicated JJ 34823 6624 19 stock stock NN 34823 6624 20 - - HYPH 34823 6624 21 market market NN 34823 6624 22 phenomena phenomenon NNS 34823 6624 23 -- -- : 34823 6624 24 except except IN 34823 6624 25 of of IN 34823 6624 26 course course NN 34823 6624 27 , , , 34823 6624 28 that that IN 34823 6624 29 the the DT 34823 6624 30 application application NN 34823 6624 31 of of IN 34823 6624 32 the the DT 34823 6624 33 principles principle NNS 34823 6624 34 involves involve VBZ 34823 6624 35 less less JJR 34823 6624 36 complication complication NN 34823 6624 37 in in IN 34823 6624 38 the the DT 34823 6624 39 case case NN 34823 6624 40 of of IN 34823 6624 41 such such JJ 34823 6624 42 values value NNS 34823 6624 43 as as IN 34823 6624 44 that that DT 34823 6624 45 of of IN 34823 6624 46 a a DT 34823 6624 47 loaf loaf NN 34823 6624 48 of of IN 34823 6624 49 bread bread NN 34823 6624 50 . . . 34823 6625 1 But but CC 34823 6625 2 value value NN 34823 6625 3 is be VBZ 34823 6625 4 always always RB 34823 6625 5 a a DT 34823 6625 6 matter matter NN 34823 6625 7 of of IN 34823 6625 8 psychological psychological JJ 34823 6625 9 significance significance NN 34823 6625 10 , , , 34823 6625 11 and and CC 34823 6625 12 never never RB 34823 6625 13 a a DT 34823 6625 14 matter matter NN 34823 6625 15 of of IN 34823 6625 16 mere mere JJ 34823 6625 17 material material JJ 34823 6625 18 fact fact NN 34823 6625 19 . . . 34823 6626 1 And and CC 34823 6626 2 these these DT 34823 6626 3 psychological psychological JJ 34823 6626 4 significances significance NNS 34823 6626 5 are be VBP 34823 6626 6 not not RB 34823 6626 7 explained explain VBN 34823 6626 8 by by IN 34823 6626 9 such such JJ 34823 6626 10 simple simple JJ 34823 6626 11 individual individual JJ 34823 6626 12 phenomena phenomenon NNS 34823 6626 13 as as IN 34823 6626 14 labor labor NN 34823 6626 15 - - HYPH 34823 6626 16 pain pain NN 34823 6626 17 , , , 34823 6626 18 or or CC 34823 6626 19 marginal marginal JJ 34823 6626 20 utility utility NN 34823 6626 21 , , , 34823 6626 22 but but CC 34823 6626 23 always always RB 34823 6626 24 by by IN 34823 6626 25 reference reference NN 34823 6626 26 to to IN 34823 6626 27 the the DT 34823 6626 28 total total JJ 34823 6626 29 social social JJ 34823 6626 30 - - HYPH 34823 6626 31 mental mental JJ 34823 6626 32 system system NN 34823 6626 33 , , , 34823 6626 34 including include VBG 34823 6626 35 its -PRON- PRP$ 34823 6626 36 laws law NNS 34823 6626 37 , , , 34823 6626 38 its -PRON- PRP$ 34823 6626 39 mores more NNS 34823 6626 40 , , , 34823 6626 41 its -PRON- PRP$ 34823 6626 42 institutions institution NNS 34823 6626 43 , , , 34823 6626 44 its -PRON- PRP$ 34823 6626 45 centres centre NNS 34823 6626 46 of of IN 34823 6626 47 power power NN 34823 6626 48 and and CC 34823 6626 49 prestige prestige NN 34823 6626 50 , , , 34823 6626 51 its -PRON- PRP$ 34823 6626 52 modes mode NNS 34823 6626 53 and and CC 34823 6626 54 fashions fashion NNS 34823 6626 55 , , , 34823 6626 56 etc etc FW 34823 6626 57 . . . 34823 6627 1 If if IN 34823 6627 2 Veblen Veblen NNP 34823 6627 3 has have VBZ 34823 6627 4 in in IN 34823 6627 5 mind mind NN 34823 6627 6 the the DT 34823 6627 7 contrast contrast NN 34823 6627 8 between between IN 34823 6627 9 goods good NNS 34823 6627 10 whose whose WP$ 34823 6627 11 values value NNS 34823 6627 12 rest rest VBP 34823 6627 13 in in IN 34823 6627 14 labor labor NN 34823 6627 15 - - HYPH 34823 6627 16 pain pain NN 34823 6627 17 or or CC 34823 6627 18 marginal marginal JJ 34823 6627 19 utility utility NN 34823 6627 20 , , , 34823 6627 21 on on IN 34823 6627 22 the the DT 34823 6627 23 one one CD 34823 6627 24 hand hand NN 34823 6627 25 , , , 34823 6627 26 and and CC 34823 6627 27 values value NNS 34823 6627 28 which which WDT 34823 6627 29 rest rest VBP 34823 6627 30 in in IN 34823 6627 31 a a DT 34823 6627 32 folk folk NN 34823 6627 33 - - HYPH 34823 6627 34 psychology psychology NN 34823 6627 35 on on IN 34823 6627 36 the the DT 34823 6627 37 other other JJ 34823 6627 38 hand hand NN 34823 6627 39 , , , 34823 6627 40 the the DT 34823 6627 41 contrast contrast NN 34823 6627 42 is be VBZ 34823 6627 43 a a DT 34823 6627 44 false false JJ 34823 6627 45 one one NN 34823 6627 46 . . . 34823 6628 1 The the DT 34823 6628 2 first first JJ 34823 6628 3 class class NN 34823 6628 4 does do VBZ 34823 6628 5 not not RB 34823 6628 6 exist exist VB 34823 6628 7 . . . 34823 6629 1 I -PRON- PRP 34823 6629 2 shall shall MD 34823 6629 3 not not RB 34823 6629 4 elaborate elaborate VB 34823 6629 5 this this DT 34823 6629 6 point point NN 34823 6629 7 . . . 34823 6630 1 I -PRON- PRP 34823 6630 2 have have VBP 34823 6630 3 developed develop VBN 34823 6630 4 it -PRON- PRP 34823 6630 5 at at IN 34823 6630 6 length length NN 34823 6630 7 in in IN 34823 6630 8 _ _ NNP 34823 6630 9 Social Social NNP 34823 6630 10 Value Value NNP 34823 6630 11 _ _ NNP 34823 6630 12 , , , 34823 6630 13 and and CC 34823 6630 14 in in IN 34823 6630 15 the the DT 34823 6630 16 chapter chapter NN 34823 6630 17 on on IN 34823 6630 18 " " `` 34823 6630 19 Economic Economic NNP 34823 6630 20 Value Value NNP 34823 6630 21 " " '' 34823 6630 22 in in IN 34823 6630 23 this this DT 34823 6630 24 book book NN 34823 6630 25 . . . 34823 6631 1 I -PRON- PRP 34823 6631 2 should should MD 34823 6631 3 make make VB 34823 6631 4 the the DT 34823 6631 5 contrast contrast NN 34823 6631 6 , , , 34823 6631 7 then then RB 34823 6631 8 , , , 34823 6631 9 which which WDT 34823 6631 10 seems seem VBZ 34823 6631 11 to to IN 34823 6631 12 me -PRON- PRP 34823 6631 13 to to TO 34823 6631 14 gather gather VB 34823 6631 15 up up RP 34823 6631 16 the the DT 34823 6631 17 central central JJ 34823 6631 18 significance significance NN 34823 6631 19 of of IN 34823 6631 20 most most JJS 34823 6631 21 of of IN 34823 6631 22 the the DT 34823 6631 23 contrasts contrast NNS 34823 6631 24 we -PRON- PRP 34823 6631 25 have have VBP 34823 6631 26 been be VBN 34823 6631 27 discussing discuss VBG 34823 6631 28 , , , 34823 6631 29 as as IN 34823 6631 30 follows follow VBZ 34823 6631 31 : : : 34823 6631 32 on on IN 34823 6631 33 the the DT 34823 6631 34 one one CD 34823 6631 35 hand hand NN 34823 6631 36 , , , 34823 6631 37 we -PRON- PRP 34823 6631 38 may may MD 34823 6631 39 view view VB 34823 6631 40 the the DT 34823 6631 41 matter matter NN 34823 6631 42 mechanically mechanically RB 34823 6631 43 and and CC 34823 6631 44 abstractly abstractly RB 34823 6631 45 , , , 34823 6631 46 in in IN 34823 6631 47 terms term NNS 34823 6631 48 of of IN 34823 6631 49 the the DT 34823 6631 50 equilibration equilibration NN 34823 6631 51 of of IN 34823 6631 52 values value NNS 34823 6631 53 conceived conceive VBN 34823 6631 54 of of IN 34823 6631 55 like like IN 34823 6631 56 physical physical JJ 34823 6631 57 forces force NNS 34823 6631 58 , , , 34823 6631 59 expressed express VBN 34823 6631 60 in in IN 34823 6631 61 prices price NNS 34823 6631 62 ; ; : 34823 6631 63 on on IN 34823 6631 64 the the DT 34823 6631 65 other other JJ 34823 6631 66 hand hand NN 34823 6631 67 , , , 34823 6631 68 we -PRON- PRP 34823 6631 69 may may MD 34823 6631 70 view view VB 34823 6631 71 the the DT 34823 6631 72 economic economic JJ 34823 6631 73 situation situation NN 34823 6631 74 more more RBR 34823 6631 75 fundamentally fundamentally RB 34823 6631 76 and and CC 34823 6631 77 realistically realistically RB 34823 6631 78 , , , 34823 6631 79 seeing see VBG 34823 6631 80 the the DT 34823 6631 81 interplay interplay NN 34823 6631 82 of of IN 34823 6631 83 men man NNS 34823 6631 84 's 's POS 34823 6631 85 minds mind NNS 34823 6631 86 , , , 34823 6631 87 viewing view VBG 34823 6631 88 economic economic JJ 34823 6631 89 values value NNS 34823 6631 90 as as IN 34823 6631 91 parts part NNS 34823 6631 92 of of IN 34823 6631 93 a a DT 34823 6631 94 social social JJ 34823 6631 95 mind mind NN 34823 6631 96 , , , 34823 6631 97 a a DT 34823 6631 98 functional functional JJ 34823 6631 99 unity unity NN 34823 6631 100 of of IN 34823 6631 101 many many JJ 34823 6631 102 minds mind NNS 34823 6631 103 . . . 34823 6632 1 We -PRON- PRP 34823 6632 2 may may MD 34823 6632 3 treat treat VB 34823 6632 4 society society NN 34823 6632 5 as as IN 34823 6632 6 a a DT 34823 6632 7 mechanism mechanism NN 34823 6632 8 , , , 34823 6632 9 or or CC 34823 6632 10 we -PRON- PRP 34823 6632 11 may may MD 34823 6632 12 treat treat VB 34823 6632 13 it -PRON- PRP 34823 6632 14 as as IN 34823 6632 15 a a DT 34823 6632 16 living living NN 34823 6632 17 , , , 34823 6632 18 pulsing pulsing JJ 34823 6632 19 , , , 34823 6632 20 psychological psychological JJ 34823 6632 21 organization organization NN 34823 6632 22 . . . 34823 6633 1 In in IN 34823 6633 2 short short JJ 34823 6633 3 terms term NNS 34823 6633 4 , , , 34823 6633 5 our -PRON- PRP$ 34823 6633 6 contrast contrast NN 34823 6633 7 may may MD 34823 6633 8 be be VB 34823 6633 9 between between IN 34823 6633 10 the the DT 34823 6633 11 theory theory NN 34823 6633 12 of of IN 34823 6633 13 value value NN 34823 6633 14 , , , 34823 6633 15 and and CC 34823 6633 16 the the DT 34823 6633 17 theory theory NN 34823 6633 18 of of IN 34823 6633 19 price price NN 34823 6633 20 . . . 34823 6634 1 And and CC 34823 6634 2 here here RB 34823 6634 3 we -PRON- PRP 34823 6634 4 are be VBP 34823 6634 5 back back RB 34823 6634 6 to to IN 34823 6634 7 our -PRON- PRP$ 34823 6634 8 thesis thesis NN 34823 6634 9 set set VBN 34823 6634 10 forth forth RP 34823 6634 11 on on IN 34823 6634 12 p. p. NN 34823 6634 13 559 559 CD 34823 6634 14 of of IN 34823 6634 15 this this DT 34823 6634 16 chapter chapter NN 34823 6634 17 . . . 34823 6635 1 The the DT 34823 6635 2 theory theory NN 34823 6635 3 of of IN 34823 6635 4 value value NN 34823 6635 5 , , , 34823 6635 6 as as IN 34823 6635 7 thus thus RB 34823 6635 8 marked mark VBN 34823 6635 9 out out RP 34823 6635 10 , , , 34823 6635 11 is be VBZ 34823 6635 12 still still RB 34823 6635 13 an an DT 34823 6635 14 abstraction abstraction NN 34823 6635 15 from from IN 34823 6635 16 the the DT 34823 6635 17 totality totality NN 34823 6635 18 of of IN 34823 6635 19 our -PRON- PRP$ 34823 6635 20 cross cross JJ 34823 6635 21 - - JJ 34823 6635 22 section section NN 34823 6635 23 picture picture NN 34823 6635 24 of of IN 34823 6635 25 social social JJ 34823 6635 26 , , , 34823 6635 27 or or CC 34823 6635 28 even even RB 34823 6635 29 of of IN 34823 6635 30 economic economic JJ 34823 6635 31 , , , 34823 6635 32 life life NN 34823 6635 33 . . . 34823 6636 1 The the DT 34823 6636 2 essence essence NN 34823 6636 3 of of IN 34823 6636 4 society society NN 34823 6636 5 is be VBZ 34823 6636 6 indeed indeed RB 34823 6636 7 psychological psychological JJ 34823 6636 8 . . . 34823 6637 1 But but CC 34823 6637 2 men man NNS 34823 6637 3 have have VBP 34823 6637 4 bodies body NNS 34823 6637 5 , , , 34823 6637 6 and and CC 34823 6637 7 live live VBP 34823 6637 8 in in IN 34823 6637 9 a a DT 34823 6637 10 material material JJ 34823 6637 11 world world NN 34823 6637 12 , , , 34823 6637 13 and and CC 34823 6637 14 have have VBP 34823 6637 15 an an DT 34823 6637 16 elaborate elaborate JJ 34823 6637 17 technology technology NN 34823 6637 18 . . . 34823 6638 1 Many many JJ 34823 6638 2 of of IN 34823 6638 3 the the DT 34823 6638 4 factors factor NNS 34823 6638 5 which which WDT 34823 6638 6 students student NNS 34823 6638 7 of of IN 34823 6638 8 dynamics dynamic NNS 34823 6638 9 are be VBP 34823 6638 10 concerned concern VBN 34823 6638 11 with with TO 34823 6638 12 grow grow VB 34823 6638 13 out out IN 34823 6638 14 of of IN 34823 6638 15 biological biological JJ 34823 6638 16 and and CC 34823 6638 17 technological technological JJ 34823 6638 18 relationships relationship NNS 34823 6638 19 , , , 34823 6638 20 and and CC 34823 6638 21 are be VBP 34823 6638 22 connected connect VBN 34823 6638 23 with with IN 34823 6638 24 physiographic physiographic JJ 34823 6638 25 influences influence NNS 34823 6638 26 . . . 34823 6639 1 Can Can MD 34823 6639 2 we -PRON- PRP 34823 6639 3 bring bring VB 34823 6639 4 all all PDT 34823 6639 5 these these DT 34823 6639 6 into into IN 34823 6639 7 our -PRON- PRP$ 34823 6639 8 scheme scheme NN 34823 6639 9 ? ? . 34823 6640 1 Giddings Giddings NNP 34823 6640 2 and and CC 34823 6640 3 Spencer Spencer NNP 34823 6640 4 would would MD 34823 6640 5 answer answer VB 34823 6640 6 affirmatively affirmatively RB 34823 6640 7 . . . 34823 6641 1 For for IN 34823 6641 2 Giddings Giddings NNP 34823 6641 3 ( ( -LRB- 34823 6641 4 _ _ NNP 34823 6641 5 Principles Principles NNPS 34823 6641 6 of of IN 34823 6641 7 Sociology Sociology NNP 34823 6641 8 _ _ NNP 34823 6641 9 , , , 34823 6641 10 ed ed NNP 34823 6641 11 . . . 34823 6642 1 1905 1905 CD 34823 6642 2 , , , 34823 6642 3 p. p. NN 34823 6642 4 363 363 CD 34823 6642 5 ) ) -RRB- 34823 6642 6 : : : 34823 6642 7 " " `` 34823 6642 8 All all DT 34823 6642 9 social social JJ 34823 6642 10 energy energy NN 34823 6642 11 is be VBZ 34823 6642 12 transmuted transmute VBN 34823 6642 13 physical physical JJ 34823 6642 14 energy energy NN 34823 6642 15 . . . 34823 6642 16 " " '' 34823 6643 1 Giddings gidding NNS 34823 6643 2 guards guard VBZ 34823 6643 3 himself -PRON- PRP 34823 6643 4 ( ( -LRB- 34823 6643 5 pp pp NNP 34823 6643 6 . . . 34823 6644 1 365 365 CD 34823 6644 2 - - SYM 34823 6644 3 366 366 CD 34823 6644 4 ) ) -RRB- 34823 6644 5 against against IN 34823 6644 6 a a DT 34823 6644 7 thoroughgoing thoroughgoe VBG 34823 6644 8 monism monism NN 34823 6644 9 , , , 34823 6644 10 which which WDT 34823 6644 11 would would MD 34823 6644 12 leave leave VB 34823 6644 13 no no DT 34823 6644 14 distinction distinction NN 34823 6644 15 between between IN 34823 6644 16 mind mind NN 34823 6644 17 and and CC 34823 6644 18 matter matter NN 34823 6644 19 , , , 34823 6644 20 but but CC 34823 6644 21 in in IN 34823 6644 22 general general JJ 34823 6644 23 he -PRON- PRP 34823 6644 24 would would MD 34823 6644 25 hold hold VB 34823 6644 26 to to IN 34823 6644 27 the the DT 34823 6644 28 scientific scientific JJ 34823 6644 29 goal goal NN 34823 6644 30 of of IN 34823 6644 31 reducing reduce VBG 34823 6644 32 the the DT 34823 6644 33 physical physical JJ 34823 6644 34 and and CC 34823 6644 35 psychical psychical JJ 34823 6644 36 phenomena phenomenon NNS 34823 6644 37 in in IN 34823 6644 38 society society NN 34823 6644 39 to to IN 34823 6644 40 a a DT 34823 6644 41 parallelism parallelism NN 34823 6644 42 , , , 34823 6644 43 so so IN 34823 6644 44 that that IN 34823 6644 45 concomitant concomitant JJ 34823 6644 46 percentage percentage NN 34823 6644 47 variation variation NN 34823 6644 48 could could MD 34823 6644 49 be be VB 34823 6644 50 predicated predicate VBN 34823 6644 51 of of IN 34823 6644 52 them -PRON- PRP 34823 6644 53 , , , 34823 6644 54 and and CC 34823 6644 55 so so IN 34823 6644 56 that that IN 34823 6644 57 considerations consideration NNS 34823 6644 58 in in IN 34823 6644 59 one one CD 34823 6644 60 sphere sphere NN 34823 6644 61 could could MD 34823 6644 62 be be VB 34823 6644 63 expressed express VBN 34823 6644 64 by by IN 34823 6644 65 considerations consideration NNS 34823 6644 66 in in IN 34823 6644 67 the the DT 34823 6644 68 other other JJ 34823 6644 69 . . . 34823 6645 1 In in IN 34823 6645 2 the the DT 34823 6645 3 hands hand NNS 34823 6645 4 of of IN 34823 6645 5 Giddings Giddings NNPS 34823 6645 6 and and CC 34823 6645 7 Spencer Spencer NNP 34823 6645 8 , , , 34823 6645 9 such such JJ 34823 6645 10 notions notion NNS 34823 6645 11 are be VBP 34823 6645 12 handled handle VBN 34823 6645 13 with with IN 34823 6645 14 caution caution NN 34823 6645 15 and and CC 34823 6645 16 discrimination discrimination NN 34823 6645 17 , , , 34823 6645 18 and and CC 34823 6645 19 command command NN 34823 6645 20 respectful respectful JJ 34823 6645 21 consideration consideration NN 34823 6645 22 . . . 34823 6646 1 One one CD 34823 6646 2 feels feel VBZ 34823 6646 3 , , , 34823 6646 4 however however RB 34823 6646 5 , , , 34823 6646 6 that that IN 34823 6646 7 the the DT 34823 6646 8 starting starting NN 34823 6646 9 point point NN 34823 6646 10 is be VBZ 34823 6646 11 a a DT 34823 6646 12 monistic monistic JJ 34823 6646 13 metaphysics metaphysic NNS 34823 6646 14 , , , 34823 6646 15 and and CC 34823 6646 16 that that IN 34823 6646 17 the the DT 34823 6646 18 philosophical philosophical JJ 34823 6646 19 doctrine doctrine NN 34823 6646 20 does do VBZ 34823 6646 21 not not RB 34823 6646 22 justify justify VB 34823 6646 23 itself -PRON- PRP 34823 6646 24 in in IN 34823 6646 25 its -PRON- PRP$ 34823 6646 26 scientific scientific JJ 34823 6646 27 application application NN 34823 6646 28 . . . 34823 6647 1 In in IN 34823 6647 2 the the DT 34823 6647 3 hands hand NNS 34823 6647 4 of of IN 34823 6647 5 such such PDT 34823 6647 6 a a DT 34823 6647 7 writer writer NN 34823 6647 8 as as IN 34823 6647 9 Winiarski Winiarski NNP 34823 6647 10 , , , 34823 6647 11 however however RB 34823 6647 12 ( ( -LRB- 34823 6647 13 _ _ NNP 34823 6647 14 Rev Rev NNP 34823 6647 15 . . . 34823 6648 1 Philosophique Philosophique NNP 34823 6648 2 _ _ NNP 34823 6648 3 , , , 34823 6648 4 vol vol NNP 34823 6648 5 . . . 34823 6649 1 XLV XLV NNP 34823 6649 2 , , , 34823 6649 3 pp pp NNP 34823 6649 4 . . . 34823 6650 1 351 351 CD 34823 6650 2 - - SYM 34823 6650 3 386 386 CD 34823 6650 4 ; ; : 34823 6650 5 vol vol NNP 34823 6650 6 . . . 34823 6651 1 XLIX XLIX NNP 34823 6651 2 , , , 34823 6651 3 pp pp NNP 34823 6651 4 . . . 34823 6652 1 113 113 CD 34823 6652 2 - - SYM 34823 6652 3 134 134 CD 34823 6652 4 ; ; : 34823 6652 5 summarized summarize VBN 34823 6652 6 by by IN 34823 6652 7 Ross Ross NNP 34823 6652 8 , , , 34823 6652 9 _ _ NNP 34823 6652 10 Foundations Foundations NNPS 34823 6652 11 of of IN 34823 6652 12 Sociology Sociology NNP 34823 6652 13 _ _ NNP 34823 6652 14 , , , 34823 6652 15 pp pp NNP 34823 6652 16 . . . 34823 6653 1 156 156 CD 34823 6653 2 - - SYM 34823 6653 3 157 157 CD 34823 6653 4 ) ) -RRB- 34823 6653 5 , , , 34823 6653 6 who who WP 34823 6653 7 makes make VBZ 34823 6653 8 all all DT 34823 6653 9 mental mental JJ 34823 6653 10 states state NNS 34823 6653 11 mere mere JJ 34823 6653 12 forms form NNS 34823 6653 13 of of IN 34823 6653 14 physical physical JJ 34823 6653 15 energy energy NN 34823 6653 16 , , , 34823 6653 17 and and CC 34823 6653 18 applies apply VBZ 34823 6653 19 to to IN 34823 6653 20 mental mental JJ 34823 6653 21 processes process NNS 34823 6653 22 the the DT 34823 6653 23 laws law NNS 34823 6653 24 of of IN 34823 6653 25 mechanics mechanic NNS 34823 6653 26 , , , 34823 6653 27 the the DT 34823 6653 28 doctrine doctrine NN 34823 6653 29 becomes become VBZ 34823 6653 30 merely merely RB 34823 6653 31 bad bad JJ 34823 6653 32 poetry poetry NN 34823 6653 33 ! ! . 34823 6654 1 From from IN 34823 6654 2 the the DT 34823 6654 3 standpoint standpoint NN 34823 6654 4 of of IN 34823 6654 5 the the DT 34823 6654 6 needs need NNS 34823 6654 7 of of IN 34823 6654 8 social social JJ 34823 6654 9 science science NN 34823 6654 10 , , , 34823 6654 11 and and CC 34823 6654 12 from from IN 34823 6654 13 the the DT 34823 6654 14 standpoint standpoint NN 34823 6654 15 of of IN 34823 6654 16 our -PRON- PRP$ 34823 6654 17 present present JJ 34823 6654 18 knowledge knowledge NN 34823 6654 19 of of IN 34823 6654 20 social social JJ 34823 6654 21 facts fact NNS 34823 6654 22 -- -- : 34823 6654 23 to to TO 34823 6654 24 say say VB 34823 6654 25 nothing nothing NN 34823 6654 26 of of IN 34823 6654 27 general general JJ 34823 6654 28 philosophical philosophical JJ 34823 6654 29 considerations consideration NNS 34823 6654 30 -- -- : 34823 6654 31 it -PRON- PRP 34823 6654 32 seems seem VBZ 34823 6654 33 clearly clearly RB 34823 6654 34 best good JJS 34823 6654 35 to to IN 34823 6654 36 me -PRON- PRP 34823 6654 37 to to TO 34823 6654 38 assume assume VB 34823 6654 39 the the DT 34823 6654 40 common common JJ 34823 6654 41 - - HYPH 34823 6654 42 sense sense NN 34823 6654 43 doctrine doctrine NN 34823 6654 44 of of IN 34823 6654 45 dualism dualism NN 34823 6654 46 as as IN 34823 6654 47 a a DT 34823 6654 48 premise premise NN 34823 6654 49 : : : 34823 6654 50 mind mind NN 34823 6654 51 and and CC 34823 6654 52 matter matter NN 34823 6654 53 are be VBP 34823 6654 54 two two CD 34823 6654 55 different different JJ 34823 6654 56 things thing NNS 34823 6654 57 ; ; : 34823 6654 58 mind mind NN 34823 6654 59 acts act NNS 34823 6654 60 on on IN 34823 6654 61 matter matter NN 34823 6654 62 , , , 34823 6654 63 and and CC 34823 6654 64 matter matter NN 34823 6654 65 acts act NNS 34823 6654 66 on on IN 34823 6654 67 mind mind NN 34823 6654 68 . . . 34823 6655 1 We -PRON- PRP 34823 6655 2 are be VBP 34823 6655 3 then then RB 34823 6655 4 at at IN 34823 6655 5 this this DT 34823 6655 6 position position NN 34823 6655 7 , , , 34823 6655 8 when when WRB 34823 6655 9 it -PRON- PRP 34823 6655 10 comes come VBZ 34823 6655 11 to to IN 34823 6655 12 bringing bring VBG 34823 6655 13 technological technological JJ 34823 6655 14 and and CC 34823 6655 15 physiographic physiographic JJ 34823 6655 16 factors factor NNS 34823 6655 17 into into IN 34823 6655 18 our -PRON- PRP$ 34823 6655 19 scheme scheme NN 34823 6655 20 : : : 34823 6655 21 on on IN 34823 6655 22 the the DT 34823 6655 23 one one CD 34823 6655 24 hand hand NN 34823 6655 25 , , , 34823 6655 26 the the DT 34823 6655 27 values value NNS 34823 6655 28 control control VBP 34823 6655 29 technological technological JJ 34823 6655 30 applications application NNS 34823 6655 31 , , , 34823 6655 32 and and CC 34823 6655 33 control control VB 34823 6655 34 the the DT 34823 6655 35 course course NN 34823 6655 36 of of IN 34823 6655 37 industry industry NN 34823 6655 38 . . . 34823 6656 1 New new JJ 34823 6656 2 technological technological JJ 34823 6656 3 devices device NNS 34823 6656 4 will will MD 34823 6656 5 be be VB 34823 6656 6 employed employ VBN 34823 6656 7 when when WRB 34823 6656 8 the the DT 34823 6656 9 present present JJ 34823 6656 10 worth worth NN 34823 6656 11 of of IN 34823 6656 12 their -PRON- PRP$ 34823 6656 13 anticipated anticipate VBN 34823 6656 14 products product NNS 34823 6656 15 is be VBZ 34823 6656 16 great great JJ 34823 6656 17 enough enough RB 34823 6656 18 to to TO 34823 6656 19 overcome overcome VB 34823 6656 20 the the DT 34823 6656 21 values value NNS 34823 6656 22 that that WDT 34823 6656 23 compete compete VBP 34823 6656 24 with with IN 34823 6656 25 them -PRON- PRP 34823 6656 26 . . . 34823 6657 1 Land land NN 34823 6657 2 will will MD 34823 6657 3 be be VB 34823 6657 4 employed employ VBN 34823 6657 5 on on IN 34823 6657 6 that that DT 34823 6657 7 crop crop NN 34823 6657 8 which which WDT 34823 6657 9 gives give VBZ 34823 6657 10 the the DT 34823 6657 11 largest large JJS 34823 6657 12 rent rent NN 34823 6657 13 , , , 34823 6657 14 etc etc FW 34823 6657 15 . . . 34823 6658 1 Men man NNS 34823 6658 2 's 's POS 34823 6658 3 physical physical JJ 34823 6658 4 activities activity NNS 34823 6658 5 , , , 34823 6658 6 and and CC 34823 6658 7 their -PRON- PRP$ 34823 6658 8 employment employment NN 34823 6658 9 of of IN 34823 6658 10 their -PRON- PRP$ 34823 6658 11 physical physical JJ 34823 6658 12 resources resource NNS 34823 6658 13 , , , 34823 6658 14 are be VBP 34823 6658 15 _ _ NNP 34823 6658 16 motivated motivate VBN 34823 6658 17 _ _ NNP 34823 6658 18 by by IN 34823 6658 19 values value NNS 34823 6658 20 . . . 34823 6659 1 That that DT 34823 6659 2 is be VBZ 34823 6659 3 the the DT 34823 6659 4 _ _ NNP 34823 6659 5 function function NN 34823 6659 6 _ _ NNP 34823 6659 7 of of IN 34823 6659 8 values value NNS 34823 6659 9 . . . 34823 6660 1 On on IN 34823 6660 2 the the DT 34823 6660 3 other other JJ 34823 6660 4 hand hand NN 34823 6660 5 , , , 34823 6660 6 physiographic physiographic JJ 34823 6660 7 and and CC 34823 6660 8 technological technological JJ 34823 6660 9 factors factor NNS 34823 6660 10 modify modify VBP 34823 6660 11 the the DT 34823 6660 12 lives life NNS 34823 6660 13 and and CC 34823 6660 14 characters character NNS 34823 6660 15 of of IN 34823 6660 16 men man NNS 34823 6660 17 and and CC 34823 6660 18 peoples people NNS 34823 6660 19 . . . 34823 6661 1 _ _ NNP 34823 6661 2 Values Values NNPS 34823 6661 3 _ _ NNP 34823 6661 4 are be VBP 34823 6661 5 in in IN 34823 6661 6 part part NN 34823 6661 7 controlled control VBN 34823 6661 8 by by IN 34823 6661 9 physiographic physiographic JJ 34823 6661 10 and and CC 34823 6661 11 technological technological JJ 34823 6661 12 conditions condition NNS 34823 6661 13 of of IN 34823 6661 14 life life NN 34823 6661 15 . . . 34823 6662 1 But but CC 34823 6662 2 these these DT 34823 6662 3 technological technological JJ 34823 6662 4 and and CC 34823 6662 5 physiographic physiographic JJ 34823 6662 6 factors factor NNS 34823 6662 7 , , , 34823 6662 8 in in IN 34823 6662 9 order order NN 34823 6662 10 to to TO 34823 6662 11 influence influence VB 34823 6662 12 economic economic JJ 34823 6662 13 _ _ NNP 34823 6662 14 conduct conduct NN 34823 6662 15 _ _ NNP 34823 6662 16 , , , 34823 6662 17 must must MD 34823 6662 18 first first RB 34823 6662 19 influence influence VB 34823 6662 20 the the DT 34823 6662 21 value value NN 34823 6662 22 system system NN 34823 6662 23 . . . 34823 6663 1 This this DT 34823 6663 2 they -PRON- PRP 34823 6663 3 do do VBP 34823 6663 4 , , , 34823 6663 5 ( ( -LRB- 34823 6663 6 1 1 LS 34823 6663 7 ) ) -RRB- 34823 6663 8 by by IN 34823 6663 9 affecting affect VBG 34823 6663 10 the the DT 34823 6663 11 quantities quantity NNS 34823 6663 12 of of IN 34823 6663 13 _ _ NNP 34823 6663 14 objects object NNS 34823 6663 15 _ _ NNP 34823 6663 16 of of IN 34823 6663 17 value value NN 34823 6663 18 , , , 34823 6663 19 and and CC 34823 6663 20 so so RB 34823 6663 21 modifying modify VBG 34823 6663 22 the the DT 34823 6663 23 marginal marginal JJ 34823 6663 24 relations relation NNS 34823 6663 25 among among IN 34823 6663 26 the the DT 34823 6663 27 value value NN 34823 6663 28 - - HYPH 34823 6663 29 scales scale NNS 34823 6663 30 and and CC 34823 6663 31 the the DT 34823 6663 32 marginal marginal JJ 34823 6663 33 values value NNS 34823 6663 34 ; ; , 34823 6663 35 ( ( -LRB- 34823 6663 36 2 2 LS 34823 6663 37 ) ) -RRB- 34823 6663 38 by by IN 34823 6663 39 affecting affect VBG 34823 6663 40 the the DT 34823 6663 41 lives life NNS 34823 6663 42 of of IN 34823 6663 43 the the DT 34823 6663 44 people people NNS 34823 6663 45 directly directly RB 34823 6663 46 , , , 34823 6663 47 and and CC 34823 6663 48 so so RB 34823 6663 49 modifying modify VBG 34823 6663 50 the the DT 34823 6663 51 value value NN 34823 6663 52 - - HYPH 34823 6663 53 scales scale NNS 34823 6663 54 themselves -PRON- PRP 34823 6663 55 . . . 34823 6664 1 Similarly similarly RB 34823 6664 2 I -PRON- PRP 34823 6664 3 see see VBP 34823 6664 4 no no DT 34823 6664 5 way way NN 34823 6664 6 of of IN 34823 6664 7 bringing bring VBG 34823 6664 8 the the DT 34823 6664 9 vitally vitally RB 34823 6664 10 important important JJ 34823 6664 11 factor factor NN 34823 6664 12 of of IN 34823 6664 13 heredity heredity NN 34823 6664 14 into into IN 34823 6664 15 our -PRON- PRP$ 34823 6664 16 scheme scheme NN 34823 6664 17 in in IN 34823 6664 18 a a DT 34823 6664 19 direct direct JJ 34823 6664 20 manner manner NN 34823 6664 21 , , , 34823 6664 22 _ _ NNP 34823 6664 23 in in IN 34823 6664 24 propriore propriore NNP 34823 6664 25 persona persona NNP 34823 6664 26 _ _ NNP 34823 6664 27 , , , 34823 6664 28 but but CC 34823 6664 29 only only RB 34823 6664 30 mediately mediately RB 34823 6664 31 , , , 34823 6664 32 as as IN 34823 6664 33 it -PRON- PRP 34823 6664 34 ( ( -LRB- 34823 6664 35 1 1 CD 34823 6664 36 ) ) -RRB- 34823 6664 37 affects affect VBZ 34823 6664 38 the the DT 34823 6664 39 character character NN 34823 6664 40 of of IN 34823 6664 41 the the DT 34823 6664 42 society society NN 34823 6664 43 , , , 34823 6664 44 and and CC 34823 6664 45 so so RB 34823 6664 46 changes change VBZ 34823 6664 47 its -PRON- PRP$ 34823 6664 48 value value NN 34823 6664 49 - - HYPH 34823 6664 50 system system NN 34823 6664 51 or or CC 34823 6664 52 its -PRON- PRP$ 34823 6664 53 technological technological JJ 34823 6664 54 activity activity NN 34823 6664 55 and and CC 34823 6664 56 volume volume NN 34823 6664 57 of of IN 34823 6664 58 products product NNS 34823 6664 59 , , , 34823 6664 60 or or CC 34823 6664 61 ( ( -LRB- 34823 6664 62 2 2 LS 34823 6664 63 ) ) -RRB- 34823 6664 64 as as IN 34823 6664 65 heredity heredity NN 34823 6664 66 becomes become VBZ 34823 6664 67 a a DT 34823 6664 68 matter matter NN 34823 6664 69 of of IN 34823 6664 70 concern concern NN 34823 6664 71 to to IN 34823 6664 72 the the DT 34823 6664 73 society society NN 34823 6664 74 , , , 34823 6664 75 and and CC 34823 6664 76 so so RB 34823 6664 77 an an DT 34823 6664 78 object object NN 34823 6664 79 of of IN 34823 6664 80 value value NN 34823 6664 81 , , , 34823 6664 82 with with IN 34823 6664 83 its -PRON- PRP$ 34823 6664 84 own own JJ 34823 6664 85 place place NN 34823 6664 86 in in IN 34823 6664 87 the the DT 34823 6664 88 value value NN 34823 6664 89 - - HYPH 34823 6664 90 system system NN 34823 6664 91 . . . 34823 6665 1 There there EX 34823 6665 2 remains remain VBZ 34823 6665 3 , , , 34823 6665 4 therefore therefore RB 34823 6665 5 , , , 34823 6665 6 in in IN 34823 6665 7 the the DT 34823 6665 8 field field NN 34823 6665 9 of of IN 34823 6665 10 technological technological JJ 34823 6665 11 , , , 34823 6665 12 biological biological JJ 34823 6665 13 , , , 34823 6665 14 and and CC 34823 6665 15 physiographic physiographic NN 34823 6665 16 features feature NNS 34823 6665 17 affecting affect VBG 34823 6665 18 economic economic JJ 34823 6665 19 life life NN 34823 6665 20 a a DT 34823 6665 21 considerable considerable JJ 34823 6665 22 residuum residuum NN 34823 6665 23 of of IN 34823 6665 24 economic economic JJ 34823 6665 25 problems problem NNS 34823 6665 26 for for IN 34823 6665 27 which which WDT 34823 6665 28 , , , 34823 6665 29 so so RB 34823 6665 30 far far RB 34823 6665 31 as as IN 34823 6665 32 I -PRON- PRP 34823 6665 33 can can MD 34823 6665 34 see see VB 34823 6665 35 , , , 34823 6665 36 no no DT 34823 6665 37 extension extension NN 34823 6665 38 of of IN 34823 6665 39 the the DT 34823 6665 40 static static JJ 34823 6665 41 method method NN 34823 6665 42 can can MD 34823 6665 43 be be VB 34823 6665 44 devised devise VBN 34823 6665 45 . . . 34823 6666 1 I -PRON- PRP 34823 6666 2 propose propose VBP 34823 6666 3 no no DT 34823 6666 4 scheme scheme NN 34823 6666 5 of of IN 34823 6666 6 static static JJ 34823 6666 7 price price NN 34823 6666 8 analysis analysis NN 34823 6666 9 for for IN 34823 6666 10 balancing balance VBG 34823 6666 11 the the DT 34823 6666 12 effects effect NNS 34823 6666 13 of of IN 34823 6666 14 poor poor JJ 34823 6666 15 land land NN 34823 6666 16 and and CC 34823 6666 17 good good JJ 34823 6666 18 heredity heredity NN 34823 6666 19 on on IN 34823 6666 20 the the DT 34823 6666 21 character character NN 34823 6666 22 of of IN 34823 6666 23 a a DT 34823 6666 24 society society NN 34823 6666 25 . . . 34823 6667 1 [ [ -LRB- 34823 6667 2 590 590 CD 34823 6667 3 ] ] -RRB- 34823 6667 4 The the DT 34823 6667 5 problem problem NN 34823 6667 6 must must MD 34823 6667 7 be be VB 34823 6667 8 approached approach VBN 34823 6667 9 by by IN 34823 6667 10 other other JJ 34823 6667 11 methods method NNS 34823 6667 12 specially specially RB 34823 6667 13 suited suit VBN 34823 6667 14 to to IN 34823 6667 15 it -PRON- PRP 34823 6667 16 , , , 34823 6667 17 which which WDT 34823 6667 18 we -PRON- PRP 34823 6667 19 need need VBP 34823 6667 20 not not RB 34823 6667 21 here here RB 34823 6667 22 discuss discuss VB 34823 6667 23 . . . 34823 6668 1 But but CC 34823 6668 2 , , , 34823 6668 3 given give VBN 34823 6668 4 the the DT 34823 6668 5 values value NNS 34823 6668 6 that that WDT 34823 6668 7 rule rule VBP 34823 6668 8 in in IN 34823 6668 9 that that DT 34823 6668 10 society society NN 34823 6668 11 , , , 34823 6668 12 we -PRON- PRP 34823 6668 13 may may MD 34823 6668 14 be be VB 34823 6668 15 sure sure JJ 34823 6668 16 that that IN 34823 6668 17 our -PRON- PRP$ 34823 6668 18 static static JJ 34823 6668 19 picture picture NN 34823 6668 20 of of IN 34823 6668 21 that that DT 34823 6668 22 value value NN 34823 6668 23 system system NN 34823 6668 24 will will MD 34823 6668 25 sum sum VB 34823 6668 26 up up RP 34823 6668 27 much much JJ 34823 6668 28 of of IN 34823 6668 29 the the DT 34823 6668 30 influence influence NN 34823 6668 31 of of IN 34823 6668 32 the the DT 34823 6668 33 bad bad JJ 34823 6668 34 land land NN 34823 6668 35 and and CC 34823 6668 36 the the DT 34823 6668 37 good good JJ 34823 6668 38 heredity heredity NN 34823 6668 39 , , , 34823 6668 40 mingled mingle VBN 34823 6668 41 with with IN 34823 6668 42 the the DT 34823 6668 43 other other JJ 34823 6668 44 factors factor NNS 34823 6668 45 which which WDT 34823 6668 46 have have VBP 34823 6668 47 determined determine VBN 34823 6668 48 that that DT 34823 6668 49 set set NN 34823 6668 50 of of IN 34823 6668 51 values value NNS 34823 6668 52 . . . 34823 6669 1 Once once RB 34823 6669 2 a a DT 34823 6669 3 factor factor NN 34823 6669 4 has have VBZ 34823 6669 5 been be VBN 34823 6669 6 introduced introduce VBN 34823 6669 7 into into IN 34823 6669 8 the the DT 34823 6669 9 value value NN 34823 6669 10 system system NN 34823 6669 11 , , , 34823 6669 12 once once IN 34823 6669 13 it -PRON- PRP 34823 6669 14 has have VBZ 34823 6669 15 modified modify VBN 34823 6669 16 the the DT 34823 6669 17 value value NN 34823 6669 18 - - HYPH 34823 6669 19 scales scale NNS 34823 6669 20 , , , 34823 6669 21 we -PRON- PRP 34823 6669 22 may may MD 34823 6669 23 treat treat VB 34823 6669 24 it -PRON- PRP 34823 6669 25 by by IN 34823 6669 26 the the DT 34823 6669 27 methods method NNS 34823 6669 28 of of IN 34823 6669 29 static static JJ 34823 6669 30 price price NN 34823 6669 31 theory theory NN 34823 6669 32 . . . 34823 6670 1 The the DT 34823 6670 2 analysis analysis NN 34823 6670 3 of of IN 34823 6670 4 the the DT 34823 6670 5 factors factor NNS 34823 6670 6 controlling control VBG 34823 6670 7 the the DT 34823 6670 8 value value NN 34823 6670 9 - - HYPH 34823 6670 10 scales scale NNS 34823 6670 11 is be VBZ 34823 6670 12 the the DT 34823 6670 13 problem problem NN 34823 6670 14 of of IN 34823 6670 15 value value NN 34823 6670 16 theory theory NN 34823 6670 17 . . . 34823 6671 1 And and CC 34823 6671 2 here here RB 34823 6671 3 is be VBZ 34823 6671 4 , , , 34823 6671 5 indeed indeed RB 34823 6671 6 , , , 34823 6671 7 the the DT 34823 6671 8 central central JJ 34823 6671 9 problem problem NN 34823 6671 10 of of IN 34823 6671 11 the the DT 34823 6671 12 " " `` 34823 6671 13 theory theory NN 34823 6671 14 of of IN 34823 6671 15 prosperity prosperity NN 34823 6671 16 . . . 34823 6671 17 " " '' 34823 6672 1 What what WP 34823 6672 2 are be VBP 34823 6672 3 the the DT 34823 6672 4 causes cause NNS 34823 6672 5 controlling control VBG 34823 6672 6 the the DT 34823 6672 7 _ _ NNP 34823 6672 8 mutations mutation NNS 34823 6672 9 _ _ NNP 34823 6672 10 of of IN 34823 6672 11 values value NNS 34823 6672 12 ? ? . 34823 6673 1 What what WDT 34823 6673 2 factors factor NNS 34823 6673 3 cause cause VBP 34823 6673 4 values value NNS 34823 6673 5 to to TO 34823 6673 6 rise rise VB 34823 6673 7 , , , 34823 6673 8 intensifying intensify VBG 34823 6673 9 economic economic JJ 34823 6673 10 activity activity NN 34823 6673 11 , , , 34823 6673 12 stimulating stimulate VBG 34823 6673 13 trade trade NN 34823 6673 14 , , , 34823 6673 15 spreading spread VBG 34823 6673 16 prosperity prosperity NN 34823 6673 17 ? ? . 34823 6674 1 What what WP 34823 6674 2 brings bring VBZ 34823 6674 3 about about RP 34823 6674 4 the the DT 34823 6674 5 crash crash NN 34823 6674 6 in in IN 34823 6674 7 economic economic JJ 34823 6674 8 values value NNS 34823 6674 9 ( ( -LRB- 34823 6674 10 and and CC 34823 6674 11 consequently consequently RB 34823 6674 12 in in IN 34823 6674 13 prices price NNS 34823 6674 14 ) ) -RRB- 34823 6674 15 , , , 34823 6674 16 in in IN 34823 6674 17 panics panic NNS 34823 6674 18 and and CC 34823 6674 19 crises crisis NNS 34823 6674 20 ? ? . 34823 6675 1 Why why WRB 34823 6675 2 the the DT 34823 6675 3 low low JJ 34823 6675 4 values value NNS 34823 6675 5 of of IN 34823 6675 6 the the DT 34823 6675 7 period period NN 34823 6675 8 of of IN 34823 6675 9 depression depression NN 34823 6675 10 , , , 34823 6675 11 giving give VBG 34823 6675 12 slight slight JJ 34823 6675 13 stimulus stimulus NN 34823 6675 14 to to IN 34823 6675 15 industry industry NN 34823 6675 16 and and CC 34823 6675 17 trade trade NN 34823 6675 18 , , , 34823 6675 19 leaving leave VBG 34823 6675 20 economic economic JJ 34823 6675 21 life life NN 34823 6675 22 lethargic lethargic NN 34823 6675 23 , , , 34823 6675 24 inert inert JJ 34823 6675 25 ? ? . 34823 6676 1 Increasingly increasingly RB 34823 6676 2 it -PRON- PRP 34823 6676 3 is be VBZ 34823 6676 4 recognized recognize VBN 34823 6676 5 that that IN 34823 6676 6 the the DT 34823 6676 7 problems problem NNS 34823 6676 8 are be VBP 34823 6676 9 problems problem NNS 34823 6676 10 of of IN 34823 6676 11 values value NNS 34823 6676 12 and and CC 34823 6676 13 prices price NNS 34823 6676 14 . . . 34823 6677 1 It -PRON- PRP 34823 6677 2 is be VBZ 34823 6677 3 no no DT 34823 6677 4 part part NN 34823 6677 5 of of IN 34823 6677 6 my -PRON- PRP$ 34823 6677 7 plan plan NN 34823 6677 8 to to TO 34823 6677 9 give give VB 34823 6677 10 answers answer NNS 34823 6677 11 in in IN 34823 6677 12 specific specific JJ 34823 6677 13 terms term NNS 34823 6677 14 to to IN 34823 6677 15 these these DT 34823 6677 16 questions question NNS 34823 6677 17 . . . 34823 6678 1 That that DT 34823 6678 2 were be VBD 34823 6678 3 the the DT 34823 6678 4 task task NN 34823 6678 5 of of IN 34823 6678 6 a a DT 34823 6678 7 large large JJ 34823 6678 8 book book NN 34823 6678 9 ! ! . 34823 6679 1 And and CC 34823 6679 2 very very RB 34823 6679 3 much much JJ 34823 6679 4 of of IN 34823 6679 5 it -PRON- PRP 34823 6679 6 has have VBZ 34823 6679 7 already already RB 34823 6679 8 been be VBN 34823 6679 9 done do VBN 34823 6679 10 . . . 34823 6680 1 It -PRON- PRP 34823 6680 2 is be VBZ 34823 6680 3 my -PRON- PRP$ 34823 6680 4 purpose purpose NN 34823 6680 5 here here RB 34823 6680 6 , , , 34823 6680 7 simply simply RB 34823 6680 8 , , , 34823 6680 9 to to TO 34823 6680 10 show show VB 34823 6680 11 that that DT 34823 6680 12 price price NN 34823 6680 13 theory theory NN 34823 6680 14 , , , 34823 6680 15 as as IN 34823 6680 16 developed develop VBN 34823 6680 17 on on IN 34823 6680 18 the the DT 34823 6680 19 basis basis NN 34823 6680 20 of of IN 34823 6680 21 static static JJ 34823 6680 22 notions notion NNS 34823 6680 23 , , , 34823 6680 24 may may MD 34823 6680 25 be be VB 34823 6680 26 extended extend VBN 34823 6680 27 , , , 34823 6680 28 and and CC 34823 6680 29 has have VBZ 34823 6680 30 in in IN 34823 6680 31 considerable considerable JJ 34823 6680 32 measure measure NN 34823 6680 33 been be VBN 34823 6680 34 extended extend VBN 34823 6680 35 , , , 34823 6680 36 to to TO 34823 6680 37 cover cover VB 34823 6680 38 these these DT 34823 6680 39 problems problem NNS 34823 6680 40 , , , 34823 6680 41 and and CC 34823 6680 42 that that IN 34823 6680 43 for for IN 34823 6680 44 the the DT 34823 6680 45 same same JJ 34823 6680 46 reason reason NN 34823 6680 47 that that DT 34823 6680 48 price price NN 34823 6680 49 theory theory NN 34823 6680 50 is be VBZ 34823 6680 51 unable unable JJ 34823 6680 52 to to TO 34823 6680 53 give give VB 34823 6680 54 really really RB 34823 6680 55 fundamental fundamental JJ 34823 6680 56 answers answer NNS 34823 6680 57 to to IN 34823 6680 58 them -PRON- PRP 34823 6680 59 , , , 34823 6680 60 often often RB 34823 6680 61 , , , 34823 6680 62 it -PRON- PRP 34823 6680 63 is be VBZ 34823 6680 64 likewise likewise RB 34823 6680 65 unable unable JJ 34823 6680 66 to to TO 34823 6680 67 give give VB 34823 6680 68 fundamental fundamental JJ 34823 6680 69 answers answer NNS 34823 6680 70 to to IN 34823 6680 71 the the DT 34823 6680 72 value value NN 34823 6680 73 problem problem NN 34823 6680 74 anywhere anywhere RB 34823 6680 75 -- -- : 34823 6680 76 that that IN 34823 6680 77 the the DT 34823 6680 78 phenomena phenomenon NNS 34823 6680 79 of of IN 34823 6680 80 value value NN 34823 6680 81 are be VBP 34823 6680 82 of of IN 34823 6680 83 the the DT 34823 6680 84 same same JJ 34823 6680 85 stuff stuff NN 34823 6680 86 and and CC 34823 6680 87 substance substance NN 34823 6680 88 as as IN 34823 6680 89 the the DT 34823 6680 90 phenomena phenomenon NNS 34823 6680 91 treated treat VBN 34823 6680 92 by by IN 34823 6680 93 " " `` 34823 6680 94 dynamics dynamic NNS 34823 6680 95 " " '' 34823 6680 96 and and CC 34823 6680 97 " " `` 34823 6680 98 the the DT 34823 6680 99 theory theory NN 34823 6680 100 of of IN 34823 6680 101 prosperity prosperity NN 34823 6680 102 , , , 34823 6680 103 " " '' 34823 6680 104 and and CC 34823 6680 105 that that IN 34823 6680 106 static static JJ 34823 6680 107 theory theory NN 34823 6680 108 has have VBZ 34823 6680 109 been be VBN 34823 6680 110 busied busy VBN 34823 6680 111 chiefly chiefly RB 34823 6680 112 with with IN 34823 6680 113 a a DT 34823 6680 114 limited limited JJ 34823 6680 115 portion portion NN 34823 6680 116 of of IN 34823 6680 117 the the DT 34823 6680 118 field field NN 34823 6680 119 only only RB 34823 6680 120 because because IN 34823 6680 121 the the DT 34823 6680 122 problems problem NNS 34823 6680 123 were be VBD 34823 6680 124 easier easy JJR 34823 6680 125 there there RB 34823 6680 126 . . . 34823 6681 1 Much much JJ 34823 6681 2 has have VBZ 34823 6681 3 been be VBN 34823 6681 4 made make VBN 34823 6681 5 , , , 34823 6681 6 especially especially RB 34823 6681 7 in in IN 34823 6681 8 such such PDT 34823 6681 9 a a DT 34823 6681 10 book book NN 34823 6681 11 as as IN 34823 6681 12 W. W. NNP 34823 6681 13 C. C. NNP 34823 6681 14 Mitchell Mitchell NNP 34823 6681 15 's 's POS 34823 6681 16 _ _ NNP 34823 6681 17 Business Business NNP 34823 6681 18 Cycles Cycles NNPS 34823 6681 19 _ _ NNP 34823 6681 20 , , , 34823 6681 21 of of IN 34823 6681 22 technological technological JJ 34823 6681 23 factors factor NNS 34823 6681 24 , , , 34823 6681 25 and and CC 34823 6681 26 of of IN 34823 6681 27 factors factor NNS 34823 6681 28 in in IN 34823 6681 29 the the DT 34823 6681 30 psychology psychology NN 34823 6681 31 of of IN 34823 6681 32 the the DT 34823 6681 33 business business NN 34823 6681 34 man man NN 34823 6681 35 and and CC 34823 6681 36 of of IN 34823 6681 37 the the DT 34823 6681 38 laborer laborer NN 34823 6681 39 in in IN 34823 6681 40 the the DT 34823 6681 41 ups up NNS 34823 6681 42 and and CC 34823 6681 43 downs down NNS 34823 6681 44 of of IN 34823 6681 45 business business NN 34823 6681 46 , , , 34823 6681 47 and and CC 34823 6681 48 particularly particularly RB 34823 6681 49 of of IN 34823 6681 50 certain certain JJ 34823 6681 51 elements element NNS 34823 6681 52 of of IN 34823 6681 53 scarcity scarcity NN 34823 6681 54 or or CC 34823 6681 55 overabundance overabundance NN 34823 6681 56 of of IN 34823 6681 57 productive productive JJ 34823 6681 58 resources resource NNS 34823 6681 59 at at IN 34823 6681 60 critical critical JJ 34823 6681 61 parts part NNS 34823 6681 62 of of IN 34823 6681 63 the the DT 34823 6681 64 economic economic JJ 34823 6681 65 system system NN 34823 6681 66 , , , 34823 6681 67 which which WDT 34823 6681 68 raise raise VBP 34823 6681 69 values value NNS 34823 6681 70 and and CC 34823 6681 71 prices price NNS 34823 6681 72 unduly unduly RB 34823 6681 73 at at IN 34823 6681 74 certain certain JJ 34823 6681 75 points point NNS 34823 6681 76 , , , 34823 6681 77 compelling compelling JJ 34823 6681 78 radical radical JJ 34823 6681 79 readjustments readjustment NNS 34823 6681 80 of of IN 34823 6681 81 values value NNS 34823 6681 82 and and CC 34823 6681 83 prices price NNS 34823 6681 84 elsewhere elsewhere RB 34823 6681 85 . . . 34823 6682 1 Virtually virtually RB 34823 6682 2 all all DT 34823 6682 3 of of IN 34823 6682 4 these these DT 34823 6682 5 considerations consideration NNS 34823 6682 6 will will MD 34823 6682 7 fit fit VB 34823 6682 8 into into IN 34823 6682 9 the the DT 34823 6682 10 scheme scheme NN 34823 6682 11 here here RB 34823 6682 12 outlined outline VBD 34823 6682 13 . . . 34823 6683 1 They -PRON- PRP 34823 6683 2 work work VBP 34823 6683 3 _ _ NNP 34823 6683 4 through through IN 34823 6683 5 _ _ NNP 34823 6683 6 modifications modification NNS 34823 6683 7 of of IN 34823 6683 8 the the DT 34823 6683 9 system system NN 34823 6683 10 of of IN 34823 6683 11 values value NNS 34823 6683 12 and and CC 34823 6683 13 prices price NNS 34823 6683 14 . . . 34823 6684 1 H. H. NNP 34823 6684 2 L. L. NNP 34823 6684 3 Moore Moore NNP 34823 6684 4 's 's POS 34823 6684 5 recent recent JJ 34823 6684 6 _ _ NNP 34823 6684 7 Economic Economic NNP 34823 6684 8 Cycles Cycles NNPS 34823 6684 9 _ _ NNP 34823 6684 10 lays lay VBZ 34823 6684 11 heavy heavy JJ 34823 6684 12 emphasis emphasis NN 34823 6684 13 on on IN 34823 6684 14 physiographic physiographic JJ 34823 6684 15 factors factor NNS 34823 6684 16 , , , 34823 6684 17 particularly particularly RB 34823 6684 18 variations variation NNS 34823 6684 19 in in IN 34823 6684 20 rainfall rainfall NN 34823 6684 21 . . . 34823 6685 1 But but CC 34823 6685 2 these these DT 34823 6685 3 , , , 34823 6685 4 too too RB 34823 6685 5 , , , 34823 6685 6 act act VB 34823 6685 7 on on IN 34823 6685 8 the the DT 34823 6685 9 economic economic JJ 34823 6685 10 situation situation NN 34823 6685 11 through through IN 34823 6685 12 affecting affect VBG 34823 6685 13 the the DT 34823 6685 14 quantities quantity NNS 34823 6685 15 of of IN 34823 6685 16 objects object NNS 34823 6685 17 of of IN 34823 6685 18 value value NN 34823 6685 19 , , , 34823 6685 20 and and CC 34823 6685 21 so so RB 34823 6685 22 through through IN 34823 6685 23 modification modification NN 34823 6685 24 of of IN 34823 6685 25 the the DT 34823 6685 26 marginal marginal JJ 34823 6685 27 values value NNS 34823 6685 28 of of IN 34823 6685 29 goods good NNS 34823 6685 30 . . . 34823 6686 1 The the DT 34823 6686 2 psychological psychological JJ 34823 6686 3 theory theory NN 34823 6686 4 of of IN 34823 6686 5 economic economic JJ 34823 6686 6 value value NN 34823 6686 7 by by IN 34823 6686 8 no no DT 34823 6686 9 means means NN 34823 6686 10 excludes exclude VBZ 34823 6686 11 any any DT 34823 6686 12 amount amount NN 34823 6686 13 of of IN 34823 6686 14 influence influence NN 34823 6686 15 one one PRP 34823 6686 16 can can MD 34823 6686 17 find find VB 34823 6686 18 in in IN 34823 6686 19 physiographic physiographic JJ 34823 6686 20 or or CC 34823 6686 21 technological technological JJ 34823 6686 22 factors factor NNS 34823 6686 23 . . . 34823 6687 1 One one CD 34823 6687 2 of of IN 34823 6687 3 the the DT 34823 6687 4 most most RBS 34823 6687 5 important important JJ 34823 6687 6 factors factor NNS 34823 6687 7 in in IN 34823 6687 8 the the DT 34823 6687 9 minds mind NNS 34823 6687 10 of of IN 34823 6687 11 many many JJ 34823 6687 12 writers writer NNS 34823 6687 13 who who WP 34823 6687 14 would would MD 34823 6687 15 treat treat VB 34823 6687 16 business business NN 34823 6687 17 cycles cycle NNS 34823 6687 18 , , , 34823 6687 19 and and CC 34823 6687 20 a a DT 34823 6687 21 factor factor NN 34823 6687 22 to to TO 34823 6687 23 which which WDT 34823 6687 24 virtually virtually RB 34823 6687 25 all all DT 34823 6687 26 writers writer NNS 34823 6687 27 give give VBP 34823 6687 28 attention attention NN 34823 6687 29 , , , 34823 6687 30 is be VBZ 34823 6687 31 the the DT 34823 6687 32 waxing waxing NN 34823 6687 33 and and CC 34823 6687 34 waning waning NN 34823 6687 35 of of IN 34823 6687 36 business business NN 34823 6687 37 confidence confidence NN 34823 6687 38 , , , 34823 6687 39 and and CC 34823 6687 40 of of IN 34823 6687 41 the the DT 34823 6687 42 volume volume NN 34823 6687 43 of of IN 34823 6687 44 credit credit NN 34823 6687 45 . . . 34823 6688 1 I -PRON- PRP 34823 6688 2 have have VBP 34823 6688 3 given give VBN 34823 6688 4 an an DT 34823 6688 5 extended extended JJ 34823 6688 6 analysis analysis NN 34823 6688 7 of of IN 34823 6688 8 the the DT 34823 6688 9 psychology psychology NN 34823 6688 10 of of IN 34823 6688 11 confidence confidence NN 34823 6688 12 , , , 34823 6688 13 and and CC 34823 6688 14 of of IN 34823 6688 15 the the DT 34823 6688 16 psychological psychological JJ 34823 6688 17 nature nature NN 34823 6688 18 of of IN 34823 6688 19 credit credit NN 34823 6688 20 , , , 34823 6688 21 in in IN 34823 6688 22 my -PRON- PRP$ 34823 6688 23 chapters chapter NNS 34823 6688 24 on on IN 34823 6688 25 that that DT 34823 6688 26 topic topic NN 34823 6688 27 . . . 34823 6689 1 It -PRON- PRP 34823 6689 2 is be VBZ 34823 6689 3 enough enough JJ 34823 6689 4 to to TO 34823 6689 5 say say VB 34823 6689 6 here here RB 34823 6689 7 that that IN 34823 6689 8 we -PRON- PRP 34823 6689 9 have have VBP 34823 6689 10 in in IN 34823 6689 11 credit credit NN 34823 6689 12 phenomena phenomena NN 34823 6689 13 things thing NNS 34823 6689 14 which which WDT 34823 6689 15 are be VBP 34823 6689 16 of of IN 34823 6689 17 the the DT 34823 6689 18 very very JJ 34823 6689 19 stuff stuff NN 34823 6689 20 of of IN 34823 6689 21 economic economic JJ 34823 6689 22 values value NNS 34823 6689 23 in in IN 34823 6689 24 general general JJ 34823 6689 25 . . . 34823 6690 1 Beliefs belief NNS 34823 6690 2 and and CC 34823 6690 3 hopes hope NNS 34823 6690 4 are be VBP 34823 6690 5 factors factor NNS 34823 6690 6 in in IN 34823 6690 7 economic economic JJ 34823 6690 8 values value NNS 34823 6690 9 , , , 34823 6690 10 and and CC 34823 6690 11 values value NNS 34823 6690 12 wax wax NN 34823 6690 13 and and CC 34823 6690 14 wane wane NN 34823 6690 15 with with IN 34823 6690 16 them -PRON- PRP 34823 6690 17 . . . 34823 6691 1 There there EX 34823 6691 2 is be VBZ 34823 6691 3 little little JJ 34823 6691 4 indeed indeed RB 34823 6691 5 in in IN 34823 6691 6 the the DT 34823 6691 7 psychological psychological JJ 34823 6691 8 and and CC 34823 6691 9 institutional institutional JJ 34823 6691 10 aspects aspect NNS 34823 6691 11 of of IN 34823 6691 12 the the DT 34823 6691 13 theory theory NN 34823 6691 14 of of IN 34823 6691 15 prosperity prosperity NN 34823 6691 16 which which WDT 34823 6691 17 an an DT 34823 6691 18 adequate adequate JJ 34823 6691 19 theory theory NN 34823 6691 20 of of IN 34823 6691 21 value value NN 34823 6691 22 would would MD 34823 6691 23 not not RB 34823 6691 24 contain contain VB 34823 6691 25 . . . 34823 6692 1 The the DT 34823 6692 2 theory theory NN 34823 6692 3 of of IN 34823 6692 4 _ _ NNP 34823 6692 5 prices price NNS 34823 6692 6 _ _ NNP 34823 6692 7 , , , 34823 6692 8 as as IN 34823 6692 9 an an DT 34823 6692 10 abstract abstract JJ 34823 6692 11 formula formula NN 34823 6692 12 of of IN 34823 6692 13 description description NN 34823 6692 14 , , , 34823 6692 15 is be VBZ 34823 6692 16 of of IN 34823 6692 17 primary primary JJ 34823 6692 18 interest interest NN 34823 6692 19 to to IN 34823 6692 20 the the DT 34823 6692 21 scientist scientist NN 34823 6692 22 , , , 34823 6692 23 who who WP 34823 6692 24 has have VBZ 34823 6692 25 nothing nothing NN 34823 6692 26 to to TO 34823 6692 27 do do VB 34823 6692 28 with with IN 34823 6692 29 the the DT 34823 6692 30 manipulation manipulation NN 34823 6692 31 of of IN 34823 6692 32 concrete concrete JJ 34823 6692 33 values value NNS 34823 6692 34 , , , 34823 6692 35 and and CC 34823 6692 36 who who WP 34823 6692 37 has have VBZ 34823 6692 38 no no DT 34823 6692 39 interests interest NNS 34823 6692 40 at at IN 34823 6692 41 stake stake NN 34823 6692 42 in in IN 34823 6692 43 the the DT 34823 6692 44 behavior behavior NN 34823 6692 45 of of IN 34823 6692 46 particular particular JJ 34823 6692 47 values value NNS 34823 6692 48 at at IN 34823 6692 49 a a DT 34823 6692 50 particular particular JJ 34823 6692 51 time time NN 34823 6692 52 . . . 34823 6693 1 His -PRON- PRP$ 34823 6693 2 purposes purpose NNS 34823 6693 3 are be VBP 34823 6693 4 ultimately ultimately RB 34823 6693 5 practical practical JJ 34823 6693 6 , , , 34823 6693 7 no no RB 34823 6693 8 doubt doubt RB 34823 6693 9 , , , 34823 6693 10 but but CC 34823 6693 11 the the DT 34823 6693 12 practical practical JJ 34823 6693 13 ends end NNS 34823 6693 14 he -PRON- PRP 34823 6693 15 has have VBZ 34823 6693 16 in in IN 34823 6693 17 view view NN 34823 6693 18 are be VBP 34823 6693 19 , , , 34823 6693 20 after after RB 34823 6693 21 all all RB 34823 6693 22 , , , 34823 6693 23 only only RB 34823 6693 24 to to TO 34823 6693 25 lay lay VB 34823 6693 26 down down RP 34823 6693 27 general general JJ 34823 6693 28 rules rule NNS 34823 6693 29 of of IN 34823 6693 30 public public JJ 34823 6693 31 policy policy NN 34823 6693 32 , , , 34823 6693 33 of of IN 34823 6693 34 a a DT 34823 6693 35 high high JJ 34823 6693 36 degree degree NN 34823 6693 37 of of IN 34823 6693 38 generality generality NN 34823 6693 39 , , , 34823 6693 40 and and CC 34823 6693 41 he -PRON- PRP 34823 6693 42 consequently consequently RB 34823 6693 43 may may MD 34823 6693 44 abstract abstract VB 34823 6693 45 from from IN 34823 6693 46 a a DT 34823 6693 47 great great JJ 34823 6693 48 deal deal NN 34823 6693 49 of of IN 34823 6693 50 the the DT 34823 6693 51 concrete concrete JJ 34823 6693 52 causal causal NN 34823 6693 53 process process NN 34823 6693 54 . . . 34823 6694 1 The the DT 34823 6694 2 theory theory NN 34823 6694 3 of of IN 34823 6694 4 _ _ NNP 34823 6694 5 value value NN 34823 6694 6 _ _ NNP 34823 6694 7 , , , 34823 6694 8 in in IN 34823 6694 9 its -PRON- PRP$ 34823 6694 10 concrete concrete JJ 34823 6694 11 fulness fulness NN 34823 6694 12 , , , 34823 6694 13 is be VBZ 34823 6694 14 the the DT 34823 6694 15 special special JJ 34823 6694 16 interest interest NN 34823 6694 17 of of IN 34823 6694 18 the the DT 34823 6694 19 active active JJ 34823 6694 20 business business NN 34823 6694 21 man man NN 34823 6694 22 , , , 34823 6694 23 and and CC 34823 6694 24 especially especially RB 34823 6694 25 of of IN 34823 6694 26 the the DT 34823 6694 27 business business NN 34823 6694 28 man man NN 34823 6694 29 who who WP 34823 6694 30 wishes wish VBZ 34823 6694 31 , , , 34823 6694 32 not not RB 34823 6694 33 merely merely RB 34823 6694 34 to to TO 34823 6694 35 _ _ NNP 34823 6694 36 adapt adapt VB 34823 6694 37 himself -PRON- PRP 34823 6694 38 _ _ RP 34823 6694 39 to to IN 34823 6694 40 changes change NNS 34823 6694 41 in in IN 34823 6694 42 values value NNS 34823 6694 43 , , , 34823 6694 44 but but CC 34823 6694 45 also also RB 34823 6694 46 in in IN 34823 6694 47 part part NN 34823 6694 48 , , , 34823 6694 49 to to IN 34823 6694 50 _ _ NNP 34823 6694 51 control control NN 34823 6694 52 _ _ NNP 34823 6694 53 and and CC 34823 6694 54 _ _ NNP 34823 6694 55 manipulate manipulate NN 34823 6694 56 _ _ IN 34823 6694 57 those those DT 34823 6694 58 values value NNS 34823 6694 59 . . . 34823 6695 1 _ _ NNP 34823 6695 2 He -PRON- PRP 34823 6695 3 _ _ NNP 34823 6695 4 must must MD 34823 6695 5 study study VB 34823 6695 6 every every DT 34823 6695 7 factor factor NN 34823 6695 8 which which WDT 34823 6695 9 does do VBZ 34823 6695 10 , , , 34823 6695 11 in in IN 34823 6695 12 fact fact NN 34823 6695 13 , , , 34823 6695 14 bring bring VB 34823 6695 15 about about RP 34823 6695 16 changes change NNS 34823 6695 17 in in IN 34823 6695 18 the the DT 34823 6695 19 value value NN 34823 6695 20 system system NN 34823 6695 21 . . . 34823 6696 1 We -PRON- PRP 34823 6696 2 do do VBP 34823 6696 3 not not RB 34823 6696 4 find find VB 34823 6696 5 the the DT 34823 6696 6 market market NN 34823 6696 7 - - HYPH 34823 6696 8 letter letter NN 34823 6696 9 of of IN 34823 6696 10 a a DT 34823 6696 11 brokerage brokerage NN 34823 6696 12 house house NN 34823 6696 13 , , , 34823 6696 14 or or CC 34823 6696 15 the the DT 34823 6696 16 calculations calculation NNS 34823 6696 17 of of IN 34823 6696 18 a a DT 34823 6696 19 captain captain NN 34823 6696 20 of of IN 34823 6696 21 industry industry NN 34823 6696 22 , , , 34823 6696 23 or or CC 34823 6696 24 trust trust NN 34823 6696 25 promoter promoter NN 34823 6696 26 , , , 34823 6696 27 troubling trouble VBG 34823 6696 28 themselves -PRON- PRP 34823 6696 29 about about IN 34823 6696 30 marginal marginal JJ 34823 6696 31 utilities utility NNS 34823 6696 32 or or CC 34823 6696 33 labor labor NN 34823 6696 34 - - HYPH 34823 6696 35 pains pain NNS 34823 6696 36 ! ! . 34823 6697 1 Notions notion NNS 34823 6697 2 of of IN 34823 6697 3 supply supply NN 34823 6697 4 and and CC 34823 6697 5 demand demand NN 34823 6697 6 , , , 34823 6697 7 and and CC 34823 6697 8 the the DT 34823 6697 9 relations relation NNS 34823 6697 10 of of IN 34823 6697 11 the the DT 34823 6697 12 prevailing prevail VBG 34823 6697 13 interest interest NN 34823 6697 14 rate rate NN 34823 6697 15 to to IN 34823 6697 16 the the DT 34823 6697 17 capital capital NN 34823 6697 18 values value NNS 34823 6697 19 of of IN 34823 6697 20 securities security NNS 34823 6697 21 , , , 34823 6697 22 they -PRON- PRP 34823 6697 23 do do VBP 34823 6697 24 employ employ VB 34823 6697 25 . . . 34823 6698 1 Notions notion NNS 34823 6698 2 of of IN 34823 6698 3 money money NN 34823 6698 4 - - HYPH 34823 6698 5 costs cost NNS 34823 6698 6 of of IN 34823 6698 7 production production NN 34823 6698 8 they -PRON- PRP 34823 6698 9 make make VBP 34823 6698 10 use use NN 34823 6698 11 of of IN 34823 6698 12 . . . 34823 6699 1 But but CC 34823 6699 2 they -PRON- PRP 34823 6699 3 also also RB 34823 6699 4 give give VBP 34823 6699 5 very very RB 34823 6699 6 close close JJ 34823 6699 7 attention attention NN 34823 6699 8 to to IN 34823 6699 9 questions question NNS 34823 6699 10 of of IN 34823 6699 11 governmental governmental JJ 34823 6699 12 policy policy NN 34823 6699 13 , , , 34823 6699 14 to to IN 34823 6699 15 court court NN 34823 6699 16 decisions decision NNS 34823 6699 17 , , , 34823 6699 18 to to IN 34823 6699 19 movements movement NNS 34823 6699 20 in in IN 34823 6699 21 the the DT 34823 6699 22 field field NN 34823 6699 23 of of IN 34823 6699 24 labor labor NN 34823 6699 25 organization organization NN 34823 6699 26 , , , 34823 6699 27 to to IN 34823 6699 28 money money NN 34823 6699 29 - - HYPH 34823 6699 30 market market NN 34823 6699 31 phenomena phenomenon NNS 34823 6699 32 , , , 34823 6699 33 and and CC 34823 6699 34 particularly particularly RB 34823 6699 35 to to IN 34823 6699 36 gold gold NN 34823 6699 37 movements movement NNS 34823 6699 38 and and CC 34823 6699 39 the the DT 34823 6699 40 state state NN 34823 6699 41 of of IN 34823 6699 42 the the DT 34823 6699 43 exchanges exchange NNS 34823 6699 44 , , , 34823 6699 45 to to IN 34823 6699 46 political political JJ 34823 6699 47 campaigns campaign NNS 34823 6699 48 , , , 34823 6699 49 to to IN 34823 6699 50 the the DT 34823 6699 51 strength strength NN 34823 6699 52 of of IN 34823 6699 53 the the DT 34823 6699 54 prohibition prohibition NN 34823 6699 55 movement movement NN 34823 6699 56 , , , 34823 6699 57 to to IN 34823 6699 58 changing change VBG 34823 6699 59 fashions fashion NNS 34823 6699 60 and and CC 34823 6699 61 modes mode NNS 34823 6699 62 , , , 34823 6699 63 and and CC 34823 6699 64 , , , 34823 6699 65 above above IN 34823 6699 66 all all DT 34823 6699 67 , , , 34823 6699 68 to to IN 34823 6699 69 the the DT 34823 6699 70 general general JJ 34823 6699 71 _ _ NNP 34823 6699 72 tone tone NN 34823 6699 73 _ _ NNP 34823 6699 74 , , , 34823 6699 75 the the DT 34823 6699 76 _ _ NNP 34823 6699 77 consensus consensus NN 34823 6699 78 _ _ NNP 34823 6699 79 , , , 34823 6699 80 so so RB 34823 6699 81 far far RB 34823 6699 82 as as IN 34823 6699 83 it -PRON- PRP 34823 6699 84 is be VBZ 34823 6699 85 ascertainable ascertainable JJ 34823 6699 86 , , , 34823 6699 87 as as IN 34823 6699 88 to to IN 34823 6699 89 whether whether IN 34823 6699 90 business business NN 34823 6699 91 is be VBZ 34823 6699 92 good good JJ 34823 6699 93 or or CC 34823 6699 94 bad bad JJ 34823 6699 95 , , , 34823 6699 96 whether whether IN 34823 6699 97 men man NNS 34823 6699 98 are be VBP 34823 6699 99 buoyant buoyant JJ 34823 6699 100 or or CC 34823 6699 101 depressed depressed JJ 34823 6699 102 , , , 34823 6699 103 to to IN 34823 6699 104 the the DT 34823 6699 105 ups up NNS 34823 6699 106 and and CC 34823 6699 107 downs down NNS 34823 6699 108 of of IN 34823 6699 109 business business NN 34823 6699 110 confidence confidence NN 34823 6699 111 . . . 34823 6700 1 They -PRON- PRP 34823 6700 2 pay pay VBP 34823 6700 3 marked mark VBN 34823 6700 4 attention attention NN 34823 6700 5 to to IN 34823 6700 6 the the DT 34823 6700 7 opinions opinion NNS 34823 6700 8 expressed express VBN 34823 6700 9 by by IN 34823 6700 10 certain certain JJ 34823 6700 11 men man NNS 34823 6700 12 , , , 34823 6700 13 great great JJ 34823 6700 14 bankers banker NNS 34823 6700 15 or or CC 34823 6700 16 industrial industrial JJ 34823 6700 17 leaders leader NNS 34823 6700 18 , , , 34823 6700 19 not not RB 34823 6700 20 merely merely RB 34823 6700 21 because because IN 34823 6700 22 they -PRON- PRP 34823 6700 23 think think VBP 34823 6700 24 these these DT 34823 6700 25 men man NNS 34823 6700 26 good good JJ 34823 6700 27 judges judge NNS 34823 6700 28 , , , 34823 6700 29 but but CC 34823 6700 30 also also RB 34823 6700 31 , , , 34823 6700 32 and and CC 34823 6700 33 in in IN 34823 6700 34 part part NN 34823 6700 35 primarily primarily RB 34823 6700 36 , , , 34823 6700 37 because because IN 34823 6700 38 these these DT 34823 6700 39 men man NNS 34823 6700 40 are be VBP 34823 6700 41 centres centre NNS 34823 6700 42 of of IN 34823 6700 43 power power NN 34823 6700 44 , , , 34823 6700 45 " " '' 34823 6700 46 radiant radiant JJ 34823 6700 47 points point NNS 34823 6700 48 of of IN 34823 6700 49 social social JJ 34823 6700 50 control control NN 34823 6700 51 , , , 34823 6700 52 " " '' 34823 6700 53 whose whose WP$ 34823 6700 54 opinions opinion NNS 34823 6700 55 make make VBP 34823 6700 56 the the DT 34823 6700 57 opinions opinion NNS 34823 6700 58 of of IN 34823 6700 59 others other NNS 34823 6700 60 , , , 34823 6700 61 and and CC 34823 6700 62 whose whose WP$ 34823 6700 63 statements statement NNS 34823 6700 64 that that IN 34823 6700 65 times time NNS 34823 6700 66 are be VBP 34823 6700 67 good good JJ 34823 6700 68 tend tend NN 34823 6700 69 to to TO 34823 6700 70 make make VB 34823 6700 71 them -PRON- PRP 34823 6700 72 good good JJ 34823 6700 73 , , , 34823 6700 74 and and CC 34823 6700 75 that that IN 34823 6700 76 times time NNS 34823 6700 77 are be VBP 34823 6700 78 bad bad JJ 34823 6700 79 tend tend VBP 34823 6700 80 to to TO 34823 6700 81 make make VB 34823 6700 82 them -PRON- PRP 34823 6700 83 bad bad JJ 34823 6700 84 . . . 34823 6701 1 For for IN 34823 6701 2 static static JJ 34823 6701 3 theory theory NN 34823 6701 4 , , , 34823 6701 5 nothing nothing NN 34823 6701 6 is be VBZ 34823 6701 7 more more RBR 34823 6701 8 contemptible contemptible JJ 34823 6701 9 than than IN 34823 6701 10 the the DT 34823 6701 11 view view NN 34823 6701 12 which which WDT 34823 6701 13 " " `` 34823 6701 14 demagogues demagogue NNS 34823 6701 15 " " '' 34823 6701 16 often often RB 34823 6701 17 express express VBP 34823 6701 18 in in IN 34823 6701 19 Congress Congress NNP 34823 6701 20 that that IN 34823 6701 21 great great JJ 34823 6701 22 men man NNS 34823 6701 23 in in IN 34823 6701 24 Wall Wall NNP 34823 6701 25 Street Street NNP 34823 6701 26 make make VBP 34823 6701 27 and and CC 34823 6701 28 unmake unmake VB 34823 6701 29 prosperity prosperity NN 34823 6701 30 , , , 34823 6701 31 bring bring VB 34823 6701 32 about about RP 34823 6701 33 and and CC 34823 6701 34 check check VB 34823 6701 35 panics panic NNS 34823 6701 36 . . . 34823 6702 1 For for IN 34823 6702 2 static static JJ 34823 6702 3 theory theory NN 34823 6702 4 , , , 34823 6702 5 the the DT 34823 6702 6 only only JJ 34823 6702 7 way way NN 34823 6702 8 that that WDT 34823 6702 9 big big JJ 34823 6702 10 men man NNS 34823 6702 11 can can MD 34823 6702 12 lower lower VB 34823 6702 13 prices price NNS 34823 6702 14 is be VBZ 34823 6702 15 by by IN 34823 6702 16 selling sell VBG 34823 6702 17 , , , 34823 6702 18 and and CC 34823 6702 19 the the DT 34823 6702 20 only only JJ 34823 6702 21 way way NN 34823 6702 22 they -PRON- PRP 34823 6702 23 can can MD 34823 6702 24 raise raise VB 34823 6702 25 prices price NNS 34823 6702 26 is be VBZ 34823 6702 27 by by IN 34823 6702 28 buying buy VBG 34823 6702 29 . . . 34823 6703 1 [ [ -LRB- 34823 6703 2 591 591 CD 34823 6703 3 ] ] -RRB- 34823 6703 4 Their -PRON- PRP$ 34823 6703 5 power power NN 34823 6703 6 to to TO 34823 6703 7 raise raise VB 34823 6703 8 and and CC 34823 6703 9 lower low JJR 34823 6703 10 prices price NNS 34823 6703 11 is be VBZ 34823 6703 12 thus thus RB 34823 6703 13 limited limit VBN 34823 6703 14 by by IN 34823 6703 15 the the DT 34823 6703 16 amount amount NN 34823 6703 17 of of IN 34823 6703 18 their -PRON- PRP$ 34823 6703 19 wealth wealth NN 34823 6703 20 which which WDT 34823 6703 21 they -PRON- PRP 34823 6703 22 are be VBP 34823 6703 23 willing willing JJ 34823 6703 24 to to TO 34823 6703 25 employ employ VB 34823 6703 26 in in IN 34823 6703 27 this this DT 34823 6703 28 way way NN 34823 6703 29 . . . 34823 6704 1 As as IN 34823 6704 2 it -PRON- PRP 34823 6704 3 is be VBZ 34823 6704 4 not not RB 34823 6704 5 likely likely JJ 34823 6704 6 to to TO 34823 6704 7 be be VB 34823 6704 8 profitable profitable JJ 34823 6704 9 to to TO 34823 6704 10 be be VB 34823 6704 11 a a DT 34823 6704 12 bull bull NN 34823 6704 13 when when WRB 34823 6704 14 the the DT 34823 6704 15 general general JJ 34823 6704 16 condition condition NN 34823 6704 17 of of IN 34823 6704 18 the the DT 34823 6704 19 " " `` 34823 6704 20 fundamentals fundamental NNS 34823 6704 21 " " '' 34823 6704 22 calls call VBZ 34823 6704 23 for for IN 34823 6704 24 falling fall VBG 34823 6704 25 prices price NNS 34823 6704 26 , , , 34823 6704 27 and and CC 34823 6704 28 as as IN 34823 6704 29 bear bear NN 34823 6704 30 operations operation NNS 34823 6704 31 , , , 34823 6704 32 contrary contrary JJ 34823 6704 33 to to IN 34823 6704 34 the the DT 34823 6704 35 fundamentals fundamental NNS 34823 6704 36 , , , 34823 6704 37 are be VBP 34823 6704 38 likewise likewise RB 34823 6704 39 usually usually RB 34823 6704 40 costly costly JJ 34823 6704 41 , , , 34823 6704 42 the the DT 34823 6704 43 inference inference NN 34823 6704 44 would would MD 34823 6704 45 be be VB 34823 6704 46 that that IN 34823 6704 47 the the DT 34823 6704 48 big big JJ 34823 6704 49 men man NNS 34823 6704 50 will will MD 34823 6704 51 not not RB 34823 6704 52 , , , 34823 6704 53 even even RB 34823 6704 54 if if IN 34823 6704 55 they -PRON- PRP 34823 6704 56 could could MD 34823 6704 57 , , , 34823 6704 58 alter alter VB 34823 6704 59 the the DT 34823 6704 60 course course NN 34823 6704 61 of of IN 34823 6704 62 the the DT 34823 6704 63 market market NN 34823 6704 64 . . . 34823 6705 1 Their -PRON- PRP$ 34823 6705 2 wealth wealth NN 34823 6705 3 is be VBZ 34823 6705 4 , , , 34823 6705 5 after after RB 34823 6705 6 all all RB 34823 6705 7 , , , 34823 6705 8 not not RB 34823 6705 9 so so RB 34823 6705 10 tremendous tremendous JJ 34823 6705 11 , , , 34823 6705 12 as as IN 34823 6705 13 compared compare VBN 34823 6705 14 with with IN 34823 6705 15 the the DT 34823 6705 16 aggregate aggregate JJ 34823 6705 17 wealth wealth NN 34823 6705 18 of of IN 34823 6705 19 the the DT 34823 6705 20 rest rest NN 34823 6705 21 of of IN 34823 6705 22 the the DT 34823 6705 23 community community NN 34823 6705 24 . . . 34823 6706 1 But but CC 34823 6706 2 the the DT 34823 6706 3 market market NN 34823 6706 4 takes take VBZ 34823 6706 5 the the DT 34823 6706 6 big big JJ 34823 6706 7 men man NNS 34823 6706 8 more more RBR 34823 6706 9 seriously seriously RB 34823 6706 10 ! ! . 34823 6707 1 When when WRB 34823 6707 2 they -PRON- PRP 34823 6707 3 are be VBP 34823 6707 4 selling sell VBG 34823 6707 5 heavily heavily RB 34823 6707 6 , , , 34823 6707 7 other other JJ 34823 6707 8 men man NNS 34823 6707 9 are be VBP 34823 6707 10 often often RB 34823 6707 11 _ _ NNP 34823 6707 12 afraid afraid JJ 34823 6707 13 _ _ NNP 34823 6707 14 to to TO 34823 6707 15 buy buy VB 34823 6707 16 , , , 34823 6707 17 such such JJ 34823 6707 18 is be VBZ 34823 6707 19 their -PRON- PRP$ 34823 6707 20 prestige prestige NN 34823 6707 21 . . . 34823 6708 1 When when WRB 34823 6708 2 they -PRON- PRP 34823 6708 3 give give VBP 34823 6708 4 out out RP 34823 6708 5 opinions opinion NNS 34823 6708 6 , , , 34823 6708 7 these these DT 34823 6708 8 opinions opinion NNS 34823 6708 9 _ _ NNP 34823 6708 10 become become VBN 34823 6708 11 _ _ IN 34823 6708 12 the the DT 34823 6708 13 opinions opinion NNS 34823 6708 14 of of IN 34823 6708 15 a a DT 34823 6708 16 host host NN 34823 6708 17 of of IN 34823 6708 18 others other NNS 34823 6708 19 , , , 34823 6708 20 almost almost RB 34823 6708 21 automatically automatically RB 34823 6708 22 . . . 34823 6709 1 When when WRB 34823 6709 2 Morgan Morgan NNP 34823 6709 3 stepped step VBD 34823 6709 4 into into IN 34823 6709 5 the the DT 34823 6709 6 breach breach NN 34823 6709 7 in in IN 34823 6709 8 the the DT 34823 6709 9 Panic Panic NNP 34823 6709 10 of of IN 34823 6709 11 1907 1907 CD 34823 6709 12 with with IN 34823 6709 13 $ $ $ 34823 6709 14 25,000,000 25,000,000 CD 34823 6709 15 , , , 34823 6709 16 it -PRON- PRP 34823 6709 17 was be VBD 34823 6709 18 quite quite RB 34823 6709 19 as as RB 34823 6709 20 much much JJ 34823 6709 21 the the DT 34823 6709 22 fact fact NN 34823 6709 23 that that IN 34823 6709 24 _ _ NNP 34823 6709 25 Morgan Morgan NNP 34823 6709 26 _ _ NNP 34823 6709 27 had have VBD 34823 6709 28 acted act VBN 34823 6709 29 , , , 34823 6709 30 as as IN 34823 6709 31 it -PRON- PRP 34823 6709 32 was be VBD 34823 6709 33 the the DT 34823 6709 34 millions million NNS 34823 6709 35 themselves -PRON- PRP 34823 6709 36 , , , 34823 6709 37 which which WDT 34823 6709 38 relieved relieve VBD 34823 6709 39 the the DT 34823 6709 40 situation situation NN 34823 6709 41 . . . 34823 6710 1 Indeed indeed RB 34823 6710 2 , , , 34823 6710 3 it -PRON- PRP 34823 6710 4 was be VBD 34823 6710 5 in in IN 34823 6710 6 no no DT 34823 6710 7 small small JJ 34823 6710 8 degree degree NN 34823 6710 9 the the DT 34823 6710 10 prestige prestige NN 34823 6710 11 of of IN 34823 6710 12 Morgan Morgan NNP 34823 6710 13 which which WDT 34823 6710 14 relieved relieve VBD 34823 6710 15 the the DT 34823 6710 16 _ _ NNP 34823 6710 17 disorganization disorganization NN 34823 6710 18 _ _ NNP 34823 6710 19 , , , 34823 6710 20 which which WDT 34823 6710 21 restored restore VBD 34823 6710 22 the the DT 34823 6710 23 discipline discipline NN 34823 6710 24 , , , 34823 6710 25 and and CC 34823 6710 26 made make VBD 34823 6710 27 it -PRON- PRP 34823 6710 28 possible possible JJ 34823 6710 29 for for IN 34823 6710 30 the the DT 34823 6710 31 elements element NNS 34823 6710 32 in in IN 34823 6710 33 the the DT 34823 6710 34 market market NN 34823 6710 35 to to TO 34823 6710 36 work work VB 34823 6710 37 in in IN 34823 6710 38 harmony harmony NN 34823 6710 39 and and CC 34823 6710 40 coöperation coöperation NN 34823 6710 41 again again RB 34823 6710 42 . . . 34823 6711 1 Society society NN 34823 6711 2 is be VBZ 34823 6711 3 a a DT 34823 6711 4 functional functional JJ 34823 6711 5 unity unity NN 34823 6711 6 , , , 34823 6711 7 and and CC 34823 6711 8 the the DT 34823 6711 9 " " `` 34823 6711 10 tone tone NN 34823 6711 11 of of IN 34823 6711 12 business business NN 34823 6711 13 , , , 34823 6711 14 " " '' 34823 6711 15 the the DT 34823 6711 16 ups up NNS 34823 6711 17 and and CC 34823 6711 18 downs down NNS 34823 6711 19 of of IN 34823 6711 20 prosperity prosperity NN 34823 6711 21 , , , 34823 6711 22 depend depend VBP 34823 6711 23 in in IN 34823 6711 24 large large JJ 34823 6711 25 measure measure NN 34823 6711 26 indeed indeed RB 34823 6711 27 on on IN 34823 6711 28 the the DT 34823 6711 29 degree degree NN 34823 6711 30 to to TO 34823 6711 31 which which WDT 34823 6711 32 the the DT 34823 6711 33 lines line NNS 34823 6711 34 of of IN 34823 6711 35 communication communication NN 34823 6711 36 between between IN 34823 6711 37 the the DT 34823 6711 38 different different JJ 34823 6711 39 parts part NNS 34823 6711 40 are be VBP 34823 6711 41 kept keep VBN 34823 6711 42 open open JJ 34823 6711 43 , , , 34823 6711 44 on on IN 34823 6711 45 the the DT 34823 6711 46 question question NN 34823 6711 47 of of IN 34823 6711 48 whether whether IN 34823 6711 49 each each DT 34823 6711 50 part part NN 34823 6711 51 does do VBZ 34823 6711 52 its -PRON- PRP$ 34823 6711 53 expected expect VBN 34823 6711 54 task task NN 34823 6711 55 at at IN 34823 6711 56 the the DT 34823 6711 57 right right JJ 34823 6711 58 time time NN 34823 6711 59 and and CC 34823 6711 60 in in IN 34823 6711 61 the the DT 34823 6711 62 right right JJ 34823 6711 63 way way NN 34823 6711 64 , , , 34823 6711 65 on on IN 34823 6711 66 the the DT 34823 6711 67 all all RB 34823 6711 68 - - HYPH 34823 6711 69 together together RB 34823 6711 70 - - HYPH 34823 6711 71 functioning functioning NN 34823 6711 72 , , , 34823 6711 73 the the DT 34823 6711 74 _ _ NNP 34823 6711 75 integration integration NN 34823 6711 76 _ _ NNP 34823 6711 77 , , , 34823 6711 78 of of IN 34823 6711 79 the the DT 34823 6711 80 elements element NNS 34823 6711 81 . . . 34823 6712 1 These these DT 34823 6712 2 are be VBP 34823 6712 3 phases phase NNS 34823 6712 4 of of IN 34823 6712 5 the the DT 34823 6712 6 matter matter NN 34823 6712 7 from from IN 34823 6712 8 which which WDT 34823 6712 9 static static JJ 34823 6712 10 theory theory NN 34823 6712 11 abstracts abstract NNS 34823 6712 12 . . . 34823 6713 1 They -PRON- PRP 34823 6713 2 are be VBP 34823 6713 3 organic organic JJ 34823 6713 4 problems problem NNS 34823 6713 5 , , , 34823 6713 6 not not RB 34823 6713 7 mechanistic mechanistic JJ 34823 6713 8 problems problem NNS 34823 6713 9 . . . 34823 6714 1 Of of RB 34823 6714 2 course course RB 34823 6714 3 , , , 34823 6714 4 mechanisms mechanism NNS 34823 6714 5 get get VBP 34823 6714 6 out out IN 34823 6714 7 of of IN 34823 6714 8 order order NN 34823 6714 9 too too RB 34823 6714 10 . . . 34823 6715 1 But but CC 34823 6715 2 tightening tighten VBG 34823 6715 3 a a DT 34823 6715 4 bolt bolt NN 34823 6715 5 is be VBZ 34823 6715 6 a a DT 34823 6715 7 very very RB 34823 6715 8 different different JJ 34823 6715 9 thing thing NN 34823 6715 10 from from IN 34823 6715 11 restoring restore VBG 34823 6715 12 confidence confidence NN 34823 6715 13 and and CC 34823 6715 14 discipline discipline NN 34823 6715 15 to to IN 34823 6715 16 a a DT 34823 6715 17 market market NN 34823 6715 18 ! ! . 34823 6716 1 Those those DT 34823 6716 2 who who WP 34823 6716 3 wish wish VBP 34823 6716 4 to to TO 34823 6716 5 control control VB 34823 6716 6 values value NNS 34823 6716 7 have have VB 34823 6716 8 their -PRON- PRP$ 34823 6716 9 own own JJ 34823 6716 10 technology technology NN 34823 6716 11 . . . 34823 6717 1 There there EX 34823 6717 2 is be VBZ 34823 6717 3 a a DT 34823 6717 4 technology technology NN 34823 6717 5 of of IN 34823 6717 6 industry industry NN 34823 6717 7 , , , 34823 6717 8 a a DT 34823 6717 9 mechanical mechanical JJ 34823 6717 10 technology technology NN 34823 6717 11 , , , 34823 6717 12 running run VBG 34823 6717 13 in in IN 34823 6717 14 terms term NNS 34823 6717 15 of of IN 34823 6717 16 pistons piston NNS 34823 6717 17 and and CC 34823 6717 18 levers lever NNS 34823 6717 19 and and CC 34823 6717 20 soil soil NN 34823 6717 21 - - HYPH 34823 6717 22 fertility fertility NN 34823 6717 23 - - HYPH 34823 6717 24 equivalents equivalent NNS 34823 6717 25 , , , 34823 6717 26 and and CC 34823 6717 27 butter butter NN 34823 6717 28 - - HYPH 34823 6717 29 fat fat NN 34823 6717 30 - - HYPH 34823 6717 31 content content NN 34823 6717 32 , , , 34823 6717 33 and and CC 34823 6717 34 ton ton NN 34823 6717 35 - - HYPH 34823 6717 36 miles mile NNS 34823 6717 37 , , , 34823 6717 38 which which WDT 34823 6717 39 is be VBZ 34823 6717 40 governed govern VBN 34823 6717 41 by by IN 34823 6717 42 the the DT 34823 6717 43 values value NNS 34823 6717 44 . . . 34823 6718 1 But but CC 34823 6718 2 there there EX 34823 6718 3 is be VBZ 34823 6718 4 also also RB 34823 6718 5 a a DT 34823 6718 6 technology technology NN 34823 6718 7 of of IN 34823 6718 8 _ _ NNP 34823 6718 9 controlling control VBG 34823 6718 10 _ _ NNP 34823 6718 11 values value NNS 34823 6718 12 which which WDT 34823 6718 13 involves involve VBZ 34823 6718 14 advertising advertising NN 34823 6718 15 , , , 34823 6718 16 making make VBG 34823 6718 17 sentiment sentiment NN 34823 6718 18 , , , 34823 6718 19 keeping keep VBG 34823 6718 20 up up RP 34823 6718 21 social social JJ 34823 6718 22 discipline discipline NN 34823 6718 23 , , , 34823 6718 24 effecting effect VBG 34823 6718 25 the the DT 34823 6718 26 equilibration equilibration NN 34823 6718 27 of of IN 34823 6718 28 values value NNS 34823 6718 29 by by IN 34823 6718 30 exchange exchange NN 34823 6718 31 , , , 34823 6718 32 keeping keep VBG 34823 6718 33 " " `` 34823 6718 34 interstitial interstitial JJ 34823 6718 35 " " '' 34823 6718 36 adjustments adjustment NNS 34823 6718 37 smooth smooth JJ 34823 6718 38 , , , 34823 6718 39 which which WDT 34823 6718 40 involves involve VBZ 34823 6718 41 a a DT 34823 6718 42 different different JJ 34823 6718 43 kind kind NN 34823 6718 44 of of IN 34823 6718 45 activity activity NN 34823 6718 46 , , , 34823 6718 47 thought think VBD 34823 6718 48 , , , 34823 6718 49 and and CC 34823 6718 50 ability ability NN 34823 6718 51 , , , 34823 6718 52 and and CC 34823 6718 53 which which WDT 34823 6718 54 employs employ VBZ 34823 6718 55 different different JJ 34823 6718 56 instrumentalities instrumentality NNS 34823 6718 57 . . . 34823 6719 1 Its -PRON- PRP$ 34823 6719 2 problems problem NNS 34823 6719 3 are be VBP 34823 6719 4 problems problem NNS 34823 6719 5 of of IN 34823 6719 6 human human JJ 34823 6719 7 nature nature NN 34823 6719 8 and and CC 34823 6719 9 social social JJ 34823 6719 10 relationships relationship NNS 34823 6719 11 , , , 34823 6719 12 its -PRON- PRP$ 34823 6719 13 laws law NNS 34823 6719 14 are be VBP 34823 6719 15 psychological psychological JJ 34823 6719 16 laws law NNS 34823 6719 17 , , , 34823 6719 18 particularly particularly RB 34823 6719 19 the the DT 34823 6719 20 laws law NNS 34823 6719 21 of of IN 34823 6719 22 suggestion suggestion NN 34823 6719 23 , , , 34823 6719 24 imitation imitation NN 34823 6719 25 , , , 34823 6719 26 and and CC 34823 6719 27 the the DT 34823 6719 28 like like JJ 34823 6719 29 , , , 34823 6719 30 its -PRON- PRP$ 34823 6719 31 tools tool NNS 34823 6719 32 are be VBP 34823 6719 33 the the DT 34823 6719 34 newspaper newspaper NN 34823 6719 35 , , , 34823 6719 36 the the DT 34823 6719 37 sign sign NN 34823 6719 38 - - HYPH 34823 6719 39 board board NN 34823 6719 40 , , , 34823 6719 41 the the DT 34823 6719 42 whispered whisper VBN 34823 6719 43 word word NN 34823 6719 44 , , , 34823 6719 45 the the DT 34823 6719 46 cigar cigar NN 34823 6719 47 and and CC 34823 6719 48 the the DT 34823 6719 49 dinner dinner NN 34823 6719 50 with with IN 34823 6719 51 wine wine NN 34823 6719 52 , , , 34823 6719 53 sound sound JJ 34823 6719 54 logic logic NN 34823 6719 55 , , , 34823 6719 56 money money NN 34823 6719 57 and and CC 34823 6719 58 credit credit NN 34823 6719 59 instruments instrument NNS 34823 6719 60 , , , 34823 6719 61 the the DT 34823 6719 62 prestiges prestige NNS 34823 6719 63 of of IN 34823 6719 64 men man NNS 34823 6719 65 and and CC 34823 6719 66 institutions institution NNS 34823 6719 67 . . . 34823 6720 1 For for IN 34823 6720 2 men man NNS 34823 6720 3 whose whose WP$ 34823 6720 4 work work NN 34823 6720 5 lies lie VBZ 34823 6720 6 in in IN 34823 6720 7 controlling control VBG 34823 6720 8 and and CC 34823 6720 9 making make VBG 34823 6720 10 values value NNS 34823 6720 11 , , , 34823 6720 12 rather rather RB 34823 6720 13 than than IN 34823 6720 14 in in IN 34823 6720 15 making make VBG 34823 6720 16 passive passive JJ 34823 6720 17 technical technical JJ 34823 6720 18 adjustments adjustment NNS 34823 6720 19 to to IN 34823 6720 20 existing exist VBG 34823 6720 21 values value NNS 34823 6720 22 , , , 34823 6720 23 the the DT 34823 6720 24 theory theory NN 34823 6720 25 of of IN 34823 6720 26 value value NN 34823 6720 27 , , , 34823 6720 28 as as IN 34823 6720 29 I -PRON- PRP 34823 6720 30 have have VBP 34823 6720 31 defined define VBN 34823 6720 32 it -PRON- PRP 34823 6720 33 , , , 34823 6720 34 is be VBZ 34823 6720 35 of of IN 34823 6720 36 supreme supreme NNP 34823 6720 37 importance importance NN 34823 6720 38 . . . 34823 6721 1 This this DT 34823 6721 2 , , , 34823 6721 3 I -PRON- PRP 34823 6721 4 may may MD 34823 6721 5 say say VB 34823 6721 6 for for IN 34823 6721 7 the the DT 34823 6721 8 critic critic NN 34823 6721 9 who who WP 34823 6721 10 may may MD 34823 6721 11 consider consider VB 34823 6721 12 the the DT 34823 6721 13 social social JJ 34823 6721 14 value value NN 34823 6721 15 theory theory NN 34823 6721 16 a a DT 34823 6721 17 highly highly RB 34823 6721 18 speculative speculative JJ 34823 6721 19 and and CC 34823 6721 20 theoretical theoretical JJ 34823 6721 21 notion notion NN 34823 6721 22 , , , 34823 6721 23 does do VBZ 34823 6721 24 not not RB 34823 6721 25 mean mean VB 34823 6721 26 that that IN 34823 6721 27 the the DT 34823 6721 28 active active JJ 34823 6721 29 business business NN 34823 6721 30 man man NN 34823 6721 31 or or CC 34823 6721 32 the the DT 34823 6721 33 advertising advertising NN 34823 6721 34 writer writer NN 34823 6721 35 , , , 34823 6721 36 has have VBZ 34823 6721 37 formulated formulate VBN 34823 6721 38 the the DT 34823 6721 39 social social JJ 34823 6721 40 value value NN 34823 6721 41 theory theory NN 34823 6721 42 in in IN 34823 6721 43 terms term NNS 34823 6721 44 of of IN 34823 6721 45 a a DT 34823 6721 46 social social JJ 34823 6721 47 mind mind NN 34823 6721 48 , , , 34823 6721 49 conceived conceive VBN 34823 6721 50 of of IN 34823 6721 51 , , , 34823 6721 52 in in IN 34823 6721 53 the the DT 34823 6721 54 light light NN 34823 6721 55 of of IN 34823 6721 56 modern modern JJ 34823 6721 57 functional functional JJ 34823 6721 58 psychology psychology NN 34823 6721 59 , , , 34823 6721 60 as as IN 34823 6721 61 a a DT 34823 6721 62 functional functional JJ 34823 6721 63 unity unity NN 34823 6721 64 of of IN 34823 6721 65 individual individual JJ 34823 6721 66 minds mind NNS 34823 6721 67 ! ! . 34823 6722 1 The the DT 34823 6722 2 advertising advertising NN 34823 6722 3 writer writer NN 34823 6722 4 is be VBZ 34823 6722 5 a a DT 34823 6722 6 student student NN 34823 6722 7 of of IN 34823 6722 8 modern modern JJ 34823 6722 9 psychology psychology NN 34823 6722 10 , , , 34823 6722 11 and and CC 34823 6722 12 reads read VBZ 34823 6722 13 books book NNS 34823 6722 14 on on IN 34823 6722 15 the the DT 34823 6722 16 psychology psychology NN 34823 6722 17 of of IN 34823 6722 18 advertising advertising NN 34823 6722 19 , , , 34823 6722 20 which which WDT 34823 6722 21 discuss discuss VBP 34823 6722 22 the the DT 34823 6722 23 psychology psychology NN 34823 6722 24 of of IN 34823 6722 25 suggestion suggestion NN 34823 6722 26 , , , 34823 6722 27 and and CC 34823 6722 28 the the DT 34823 6722 29 like like JJ 34823 6722 30 . . . 34823 6723 1 But but CC 34823 6723 2 long long RB 34823 6723 3 before before IN 34823 6723 4 such such JJ 34823 6723 5 books book NNS 34823 6723 6 were be VBD 34823 6723 7 written write VBN 34823 6723 8 for for IN 34823 6723 9 him -PRON- PRP 34823 6723 10 , , , 34823 6723 11 he -PRON- PRP 34823 6723 12 studied study VBD 34823 6723 13 the the DT 34823 6723 14 phenomena phenomenon NNS 34823 6723 15 involved involve VBN 34823 6723 16 in in IN 34823 6723 17 his -PRON- PRP$ 34823 6723 18 own own JJ 34823 6723 19 way way NN 34823 6723 20 . . . 34823 6724 1 It -PRON- PRP 34823 6724 2 is be VBZ 34823 6724 3 not not RB 34823 6724 4 his -PRON- PRP$ 34823 6724 5 business business NN 34823 6724 6 to to TO 34823 6724 7 construct construct VB 34823 6724 8 a a DT 34823 6724 9 theoretical theoretical JJ 34823 6724 10 economics economics NN 34823 6724 11 ! ! . 34823 6725 1 It -PRON- PRP 34823 6725 2 is be VBZ 34823 6725 3 his -PRON- PRP$ 34823 6725 4 business business NN 34823 6725 5 to to TO 34823 6725 6 make make VB 34823 6725 7 a a DT 34823 6725 8 market market NN 34823 6725 9 for for IN 34823 6725 10 his -PRON- PRP$ 34823 6725 11 wares ware NNS 34823 6725 12 . . . 34823 6726 1 He -PRON- PRP 34823 6726 2 is be VBZ 34823 6726 3 interested interested JJ 34823 6726 4 in in IN 34823 6726 5 the the DT 34823 6726 6 scientific scientific JJ 34823 6726 7 theories theory NNS 34823 6726 8 of of IN 34823 6726 9 modern modern JJ 34823 6726 10 social social JJ 34823 6726 11 psychology psychology NN 34823 6726 12 only only RB 34823 6726 13 in in IN 34823 6726 14 so so RB 34823 6726 15 far far RB 34823 6726 16 as as IN 34823 6726 17 they -PRON- PRP 34823 6726 18 help help VBP 34823 6726 19 him -PRON- PRP 34823 6726 20 in in IN 34823 6726 21 that that DT 34823 6726 22 task task NN 34823 6726 23 . . . 34823 6727 1 He -PRON- PRP 34823 6727 2 has have VBZ 34823 6727 3 no no DT 34823 6727 4 occasion occasion NN 34823 6727 5 to to TO 34823 6727 6 construct construct VB 34823 6727 7 a a DT 34823 6727 8 vast vast JJ 34823 6727 9 conspectus conspectus NN 34823 6727 10 , , , 34823 6727 11 which which WDT 34823 6727 12 shall shall MD 34823 6727 13 summarize summarize VB 34823 6727 14 the the DT 34823 6727 15 whole whole JJ 34823 6727 16 economic economic JJ 34823 6727 17 situation situation NN 34823 6727 18 , , , 34823 6727 19 in in IN 34823 6727 20 its -PRON- PRP$ 34823 6727 21 social social JJ 34823 6727 22 setting setting NN 34823 6727 23 . . . 34823 6728 1 But but CC 34823 6728 2 my -PRON- PRP$ 34823 6728 3 point point NN 34823 6728 4 is be VBZ 34823 6728 5 , , , 34823 6728 6 simply simply RB 34823 6728 7 , , , 34823 6728 8 that that IN 34823 6728 9 the the DT 34823 6728 10 kind kind NN 34823 6728 11 of of IN 34823 6728 12 phenomena phenomenon NNS 34823 6728 13 which which WDT 34823 6728 14 he -PRON- PRP 34823 6728 15 does do VBZ 34823 6728 16 study study VB 34823 6728 17 are be VBP 34823 6728 18 indicated indicate VBN 34823 6728 19 and and CC 34823 6728 20 stressed stress VBN 34823 6728 21 and and CC 34823 6728 22 brought bring VBN 34823 6728 23 into into IN 34823 6728 24 a a DT 34823 6728 25 system system NN 34823 6728 26 in in IN 34823 6728 27 the the DT 34823 6728 28 theory theory NN 34823 6728 29 of of IN 34823 6728 30 social social JJ 34823 6728 31 value value NN 34823 6728 32 which which WDT 34823 6728 33 I -PRON- PRP 34823 6728 34 have have VBP 34823 6728 35 tried try VBN 34823 6728 36 to to TO 34823 6728 37 elaborate elaborate VB 34823 6728 38 . . . 34823 6729 1 As as IN 34823 6729 2 his -PRON- PRP$ 34823 6729 3 purposes purpose NNS 34823 6729 4 are be VBP 34823 6729 5 different different JJ 34823 6729 6 from from IN 34823 6729 7 those those DT 34823 6729 8 of of IN 34823 6729 9 the the DT 34823 6729 10 economist economist NN 34823 6729 11 , , , 34823 6729 12 his -PRON- PRP$ 34823 6729 13 method method NN 34823 6729 14 of of IN 34823 6729 15 approach approach NN 34823 6729 16 , , , 34823 6729 17 and and CC 34823 6729 18 his -PRON- PRP$ 34823 6729 19 range range NN 34823 6729 20 of of IN 34823 6729 21 investigation investigation NN 34823 6729 22 , , , 34823 6729 23 will will MD 34823 6729 24 necessarily necessarily RB 34823 6729 25 be be VB 34823 6729 26 different different JJ 34823 6729 27 . . . 34823 6730 1 The the DT 34823 6730 2 notion notion NN 34823 6730 3 of of IN 34823 6730 4 dynamics dynamic NNS 34823 6730 5 has have VBZ 34823 6730 6 been be VBN 34823 6730 7 in in IN 34823 6730 8 a a DT 34823 6730 9 way way NN 34823 6730 10 connected connect VBN 34823 6730 11 with with IN 34823 6730 12 the the DT 34823 6730 13 idea idea NN 34823 6730 14 of of IN 34823 6730 15 evolution evolution NN 34823 6730 16 , , , 34823 6730 17 of of IN 34823 6730 18 historical historical JJ 34823 6730 19 process process NN 34823 6730 20 in in IN 34823 6730 21 time time NN 34823 6730 22 , , , 34823 6730 23 while while IN 34823 6730 24 the the DT 34823 6730 25 notion notion NN 34823 6730 26 of of IN 34823 6730 27 statics static NNS 34823 6730 28 has have VBZ 34823 6730 29 been be VBN 34823 6730 30 essentially essentially RB 34823 6730 31 connected connect VBN 34823 6730 32 with with IN 34823 6730 33 the the DT 34823 6730 34 notion notion NN 34823 6730 35 of of IN 34823 6730 36 a a DT 34823 6730 37 cross cross JJ 34823 6730 38 - - NN 34823 6730 39 section section NN 34823 6730 40 , , , 34823 6730 41 a a DT 34823 6730 42 stage stage NN 34823 6730 43 , , , 34823 6730 44 an an DT 34823 6730 45 equilibrium equilibrium NN 34823 6730 46 of of IN 34823 6730 47 contemporary contemporary JJ 34823 6730 48 forces force NNS 34823 6730 49 . . . 34823 6731 1 How how WRB 34823 6731 2 , , , 34823 6731 3 then then RB 34823 6731 4 , , , 34823 6731 5 bring bring VB 34823 6731 6 the the DT 34823 6731 7 two two CD 34823 6731 8 together together RB 34823 6731 9 ? ? . 34823 6732 1 Of of RB 34823 6732 2 course course RB 34823 6732 3 , , , 34823 6732 4 we -PRON- PRP 34823 6732 5 may may MD 34823 6732 6 conceive conceive VB 34823 6732 7 the the DT 34823 6732 8 evolutionary evolutionary JJ 34823 6732 9 process process NN 34823 6732 10 itself -PRON- PRP 34823 6732 11 as as IN 34823 6732 12 a a DT 34823 6732 13 series series NN 34823 6732 14 of of IN 34823 6732 15 stages stage NNS 34823 6732 16 , , , 34823 6732 17 and and CC 34823 6732 18 the the DT 34823 6732 19 mind mind NN 34823 6732 20 does do VBZ 34823 6732 21 tend tend VB 34823 6732 22 almost almost RB 34823 6732 23 inevitably inevitably RB 34823 6732 24 to to TO 34823 6732 25 do do VB 34823 6732 26 that that DT 34823 6732 27 . . . 34823 6733 1 The the DT 34823 6733 2 fact fact NN 34823 6733 3 is be VBZ 34823 6733 4 , , , 34823 6733 5 of of IN 34823 6733 6 course course NN 34823 6733 7 , , , 34823 6733 8 a a DT 34823 6733 9 perpetual perpetual JJ 34823 6733 10 flow flow NN 34823 6733 11 , , , 34823 6733 12 with with IN 34823 6733 13 unceasing unceasing NN 34823 6733 14 change change NN 34823 6733 15 . . . 34823 6734 1 The the DT 34823 6734 2 mind mind NN 34823 6734 3 grasps grasp VBZ 34823 6734 4 such such PDT 34823 6734 5 a a DT 34823 6734 6 notion notion NN 34823 6734 7 with with IN 34823 6734 8 difficulty difficulty NN 34823 6734 9 , , , 34823 6734 10 if if IN 34823 6734 11 at at RB 34823 6734 12 all all RB 34823 6734 13 . . . 34823 6735 1 Logic logic NN 34823 6735 2 is be VBZ 34823 6735 3 mechanical mechanical JJ 34823 6735 4 and and CC 34823 6735 5 mathematical mathematical JJ 34823 6735 6 , , , 34823 6735 7 and and CC 34823 6735 8 mathematics mathematic NNS 34823 6735 9 and and CC 34823 6735 10 mechanics mechanic NNS 34823 6735 11 are be VBP 34823 6735 12 static static JJ 34823 6735 13 . . . 34823 6736 1 [ [ -LRB- 34823 6736 2 592 592 CD 34823 6736 3 ] ] -RRB- 34823 6736 4 But but CC 34823 6736 5 further far RBR 34823 6736 6 , , , 34823 6736 7 we -PRON- PRP 34823 6736 8 may may MD 34823 6736 9 in in IN 34823 6736 10 large large JJ 34823 6736 11 measure measure NN 34823 6736 12 bring bring VB 34823 6736 13 the the DT 34823 6736 14 historical historical JJ 34823 6736 15 considerations consideration NNS 34823 6736 16 into into IN 34823 6736 17 a a DT 34823 6736 18 cross cross JJ 34823 6736 19 - - JJ 34823 6736 20 section section NN 34823 6736 21 picture picture NN 34823 6736 22 , , , 34823 6736 23 when when WRB 34823 6736 24 it -PRON- PRP 34823 6736 25 is be VBZ 34823 6736 26 a a DT 34823 6736 27 value value NN 34823 6736 28 system system NN 34823 6736 29 that that WDT 34823 6736 30 is be VBZ 34823 6736 31 involved involve VBN 34823 6736 32 . . . 34823 6737 1 _ _ NNP 34823 6737 2 Past Past NNP 34823 6737 3 _ _ NNP 34823 6737 4 facts fact NNS 34823 6737 5 exert exert VBP 34823 6737 6 their -PRON- PRP$ 34823 6737 7 influence influence NN 34823 6737 8 through through IN 34823 6737 9 _ _ NNP 34823 6737 10 present present JJ 34823 6737 11 _ _ NNP 34823 6737 12 values value NNS 34823 6737 13 ; ; , 34823 6737 14 and and CC 34823 6737 15 _ _ NNP 34823 6737 16 future future NN 34823 6737 17 _ _ NNP 34823 6737 18 facts fact NNS 34823 6737 19 , , , 34823 6737 20 which which WDT 34823 6737 21 may may MD 34823 6737 22 be be VB 34823 6737 23 expected expect VBN 34823 6737 24 to to TO 34823 6737 25 modify modify VB 34823 6737 26 future future JJ 34823 6737 27 values value NNS 34823 6737 28 , , , 34823 6737 29 come come VB 34823 6737 30 into into IN 34823 6737 31 the the DT 34823 6737 32 present present JJ 34823 6737 33 equilibrium equilibrium NN 34823 6737 34 as as IN 34823 6737 35 discounted discount VBN 34823 6737 36 _ _ NNP 34823 6737 37 present present JJ 34823 6737 38 _ _ NNP 34823 6737 39 worths worth NNS 34823 6737 40 . . . 34823 6738 1 When when WRB 34823 6738 2 we -PRON- PRP 34823 6738 3 view view VBP 34823 6738 4 the the DT 34823 6738 5 situation situation NN 34823 6738 6 realistically realistically RB 34823 6738 7 , , , 34823 6738 8 moreover,--which moreover,--which NNP 34823 6738 9 means mean VBZ 34823 6738 10 , , , 34823 6738 11 when when WRB 34823 6738 12 we -PRON- PRP 34823 6738 13 view view VBP 34823 6738 14 it -PRON- PRP 34823 6738 15 as as IN 34823 6738 16 a a DT 34823 6738 17 living live VBG 34823 6738 18 organic organic JJ 34823 6738 19 , , , 34823 6738 20 psychological psychological JJ 34823 6738 21 process,--our process,--our NNP 34823 6738 22 cross cross JJ 34823 6738 23 - - NN 34823 6738 24 section section NN 34823 6738 25 does do VBZ 34823 6738 26 not not RB 34823 6738 27 need need VB 34823 6738 28 to to TO 34823 6738 29 be be VB 34823 6738 30 narrowed narrow VBN 34823 6738 31 to to IN 34823 6738 32 a a DT 34823 6738 33 moment moment NN 34823 6738 34 of of IN 34823 6738 35 time time NN 34823 6738 36 . . . 34823 6739 1 We -PRON- PRP 34823 6739 2 may may MD 34823 6739 3 see see VB 34823 6739 4 the the DT 34823 6739 5 values value NNS 34823 6739 6 not not RB 34823 6739 7 yet yet RB 34823 6739 8 in in IN 34823 6739 9 stable stable JJ 34823 6739 10 equilibrium equilibrium NN 34823 6739 11 , , , 34823 6739 12 but but CC 34823 6739 13 in in IN 34823 6739 14 process process NN 34823 6739 15 of of IN 34823 6739 16 equilibration equilibration NN 34823 6739 17 , , , 34823 6739 18 with with IN 34823 6739 19 marginal marginal JJ 34823 6739 20 values value NNS 34823 6739 21 and and CC 34823 6739 22 prices price NNS 34823 6739 23 fluctuating fluctuate VBG 34823 6739 24 , , , 34823 6739 25 tending tend VBG 34823 6739 26 toward toward IN 34823 6739 27 a a DT 34823 6739 28 static static JJ 34823 6739 29 goal goal NN 34823 6739 30 , , , 34823 6739 31 but but CC 34823 6739 32 hindered hinder VBN 34823 6739 33 by by IN 34823 6739 34 various various JJ 34823 6739 35 cross cross NN 34823 6739 36 - - NNS 34823 6739 37 currents current NNS 34823 6739 38 , , , 34823 6739 39 of of IN 34823 6739 40 " " `` 34823 6739 41 friction friction NN 34823 6739 42 , , , 34823 6739 43 " " '' 34823 6739 44 of of IN 34823 6739 45 uncertainty uncertainty NN 34823 6739 46 , , , 34823 6739 47 of of IN 34823 6739 48 momentary momentary JJ 34823 6739 49 values value NNS 34823 6739 50 which which WDT 34823 6739 51 rest rest VBP 34823 6739 52 on on IN 34823 6739 53 beliefs belief NNS 34823 6739 54 regarding regard VBG 34823 6739 55 the the DT 34823 6739 56 process process NN 34823 6739 57 of of IN 34823 6739 58 transition transition NN 34823 6739 59 itself -PRON- PRP 34823 6739 60 -- -- : 34823 6739 61 as as IN 34823 6739 62 when when WRB 34823 6739 63 a a DT 34823 6739 64 " " `` 34823 6739 65 bull bull NN 34823 6739 66 " " '' 34823 6739 67 on on IN 34823 6739 68 the the DT 34823 6739 69 war war NN 34823 6739 70 - - HYPH 34823 6739 71 stocks stock NNS 34823 6739 72 turns turn VBZ 34823 6739 73 bear bear NN 34823 6739 74 temporarily temporarily RB 34823 6739 75 , , , 34823 6739 76 because because IN 34823 6739 77 he -PRON- PRP 34823 6739 78 thinks think VBZ 34823 6739 79 that that IN 34823 6739 80 prices price NNS 34823 6739 81 may may MD 34823 6739 82 fall fall VB 34823 6739 83 before before IN 34823 6739 84 recovering recover VBG 34823 6739 85 themselves -PRON- PRP 34823 6739 86 , , , 34823 6739 87 and and CC 34823 6739 88 going go VBG 34823 6739 89 higher higher RBR 34823 6739 90 . . . 34823 6740 1 We -PRON- PRP 34823 6740 2 may may MD 34823 6740 3 see see VB 34823 6740 4 obstacles obstacle NNS 34823 6740 5 in in IN 34823 6740 6 the the DT 34823 6740 7 way way NN 34823 6740 8 of of IN 34823 6740 9 readjustment readjustment NN 34823 6740 10 whose whose WP$ 34823 6740 11 importance importance NN 34823 6740 12 is be VBZ 34823 6740 13 itself -PRON- PRP 34823 6740 14 subject subject JJ 34823 6740 15 to to IN 34823 6740 16 static static JJ 34823 6740 17 measure measure NN 34823 6740 18 -- -- : 34823 6740 19 labor labor NN 34823 6740 20 temporarily temporarily RB 34823 6740 21 out out IN 34823 6740 22 of of IN 34823 6740 23 work work NN 34823 6740 24 , , , 34823 6740 25 and and CC 34823 6740 26 labor labor NN 34823 6740 27 - - HYPH 34823 6740 28 time time NN 34823 6740 29 lost lose VBN 34823 6740 30 , , , 34823 6740 31 at at IN 34823 6740 32 so so RB 34823 6740 33 much much JJ 34823 6740 34 per per IN 34823 6740 35 day day NN 34823 6740 36 ; ; : 34823 6740 37 uncertainties uncertainty NNS 34823 6740 38 which which WDT 34823 6740 39 give give VBP 34823 6740 40 rise rise NN 34823 6740 41 to to IN 34823 6740 42 speculation speculation NN 34823 6740 43 , , , 34823 6740 44 which which WDT 34823 6740 45 calls call VBZ 34823 6740 46 for for IN 34823 6740 47 the the DT 34823 6740 48 employment employment NN 34823 6740 49 of of IN 34823 6740 50 extra extra JJ 34823 6740 51 banking banking NN 34823 6740 52 credit credit NN 34823 6740 53 , , , 34823 6740 54 at at IN 34823 6740 55 such such JJ 34823 6740 56 and and CC 34823 6740 57 such such JJ 34823 6740 58 per per IN 34823 6740 59 cent cent NN 34823 6740 60 ; ; : 34823 6740 61 capital capital NN 34823 6740 62 - - HYPH 34823 6740 63 instruments instrument NNS 34823 6740 64 which which WDT 34823 6740 65 have have VBP 34823 6740 66 to to TO 34823 6740 67 be be VB 34823 6740 68 " " `` 34823 6740 69 scrapped scrapped JJ 34823 6740 70 , , , 34823 6740 71 " " '' 34823 6740 72 representing represent VBG 34823 6740 73 the the DT 34823 6740 74 loss loss NN 34823 6740 75 of of IN 34823 6740 76 so so RB 34823 6740 77 many many JJ 34823 6740 78 dollars dollar NNS 34823 6740 79 . . . 34823 6741 1 We -PRON- PRP 34823 6741 2 may may MD 34823 6741 3 see see VB 34823 6741 4 the the DT 34823 6741 5 process process NN 34823 6741 6 of of IN 34823 6741 7 building build VBG 34823 6741 8 up up RP 34823 6741 9 new new JJ 34823 6741 10 trade trade NN 34823 6741 11 connections connection NNS 34823 6741 12 , , , 34823 6741 13 at at IN 34823 6741 14 such such JJ 34823 6741 15 and and CC 34823 6741 16 such such PDT 34823 6741 17 a a DT 34823 6741 18 cost cost NN 34823 6741 19 , , , 34823 6741 20 to to TO 34823 6741 21 replace replace VB 34823 6741 22 others other NNS 34823 6741 23 which which WDT 34823 6741 24 formerly formerly RB 34823 6741 25 functioned function VBD 34823 6741 26 , , , 34823 6741 27 but but CC 34823 6741 28 which which WDT 34823 6741 29 no no RB 34823 6741 30 longer longer RB 34823 6741 31 serve serve VBP 34823 6741 32 , , , 34823 6741 33 which which WDT 34823 6741 34 were be VBD 34823 6741 35 once once RB 34823 6741 36 worth worth JJ 34823 6741 37 so so RB 34823 6741 38 much much JJ 34823 6741 39 , , , 34823 6741 40 and and CC 34823 6741 41 which which WDT 34823 6741 42 now now RB 34823 6741 43 are be VBP 34823 6741 44 valueless valueless JJ 34823 6741 45 . . . 34823 6742 1 Watching watch VBG 34823 6742 2 the the DT 34823 6742 3 realistic realistic JJ 34823 6742 4 process process NN 34823 6742 5 of of IN 34823 6742 6 transition transition NN 34823 6742 7 , , , 34823 6742 8 through through IN 34823 6742 9 a a DT 34823 6742 10 period period NN 34823 6742 11 of of IN 34823 6742 12 time time NN 34823 6742 13 , , , 34823 6742 14 we -PRON- PRP 34823 6742 15 may may MD 34823 6742 16 still still RB 34823 6742 17 apply apply VB 34823 6742 18 our -PRON- PRP$ 34823 6742 19 static static JJ 34823 6742 20 yardstick yardstick NN 34823 6742 21 to to IN 34823 6742 22 many many JJ 34823 6742 23 of of IN 34823 6742 24 its -PRON- PRP$ 34823 6742 25 features feature NNS 34823 6742 26 . . . 34823 6743 1 Above above IN 34823 6743 2 all all DT 34823 6743 3 , , , 34823 6743 4 do do VBP 34823 6743 5 we -PRON- PRP 34823 6743 6 get get VB 34823 6743 7 in in IN 34823 6743 8 this this DT 34823 6743 9 connection connection NN 34823 6743 10 a a DT 34823 6743 11 realization realization NN 34823 6743 12 of of IN 34823 6743 13 the the DT 34823 6743 14 fact fact NN 34823 6743 15 that that IN 34823 6743 16 the the DT 34823 6743 17 " " `` 34823 6743 18 immaterial immaterial JJ 34823 6743 19 capital capital NN 34823 6743 20 " " '' 34823 6743 21 of of IN 34823 6743 22 which which WDT 34823 6743 23 Veblen Veblen NNP 34823 6743 24 speaks speak VBZ 34823 6743 25 is be VBZ 34823 6743 26 true true JJ 34823 6743 27 social social JJ 34823 6743 28 wealth wealth NN 34823 6743 29 . . . 34823 6744 1 [ [ -LRB- 34823 6744 2 593 593 CD 34823 6744 3 ] ] -RRB- 34823 6744 4 Whatever whatever WP 34823 6744 5 is be VBZ 34823 6744 6 necessary necessary JJ 34823 6744 7 for for IN 34823 6744 8 the the DT 34823 6744 9 carrying carrying NN 34823 6744 10 on on RP 34823 6744 11 of of IN 34823 6744 12 economic economic JJ 34823 6744 13 life life NN 34823 6744 14 , , , 34823 6744 15 whatever whatever WDT 34823 6744 16 , , , 34823 6744 17 if if IN 34823 6744 18 destroyed destroy VBN 34823 6744 19 , , , 34823 6744 20 must must MD 34823 6744 21 be be VB 34823 6744 22 replaced replace VBN 34823 6744 23 , , , 34823 6744 24 before before IN 34823 6744 25 the the DT 34823 6744 26 economic economic JJ 34823 6744 27 process process NN 34823 6744 28 can can MD 34823 6744 29 go go VB 34823 6744 30 on on RB 34823 6744 31 , , , 34823 6744 32 and and CC 34823 6744 33 will will MD 34823 6744 34 be be VB 34823 6744 35 replaced replace VBN 34823 6744 36 by by IN 34823 6744 37 the the DT 34823 6744 38 expenditure expenditure NN 34823 6744 39 of of IN 34823 6744 40 labor labor NN 34823 6744 41 and and CC 34823 6744 42 thought thought NN 34823 6744 43 and and CC 34823 6744 44 money money NN 34823 6744 45 , , , 34823 6744 46 is be VBZ 34823 6744 47 capital capital NN 34823 6744 48 . . . 34823 6745 1 The the DT 34823 6745 2 sales sale NNS 34823 6745 3 - - HYPH 34823 6745 4 force force NN 34823 6745 5 is be VBZ 34823 6745 6 as as RB 34823 6745 7 truly truly RB 34823 6745 8 a a DT 34823 6745 9 part part NN 34823 6745 10 of of IN 34823 6745 11 the the DT 34823 6745 12 labor labor NN 34823 6745 13 - - HYPH 34823 6745 14 force force NN 34823 6745 15 of of IN 34823 6745 16 a a DT 34823 6745 17 corporation corporation NN 34823 6745 18 as as IN 34823 6745 19 are be VBP 34823 6745 20 the the DT 34823 6745 21 mechanics mechanic NNS 34823 6745 22 . . . 34823 6746 1 The the DT 34823 6746 2 trade trade NN 34823 6746 3 connections connection NNS 34823 6746 4 which which WDT 34823 6746 5 the the DT 34823 6746 6 sales sale NNS 34823 6746 7 - - HYPH 34823 6746 8 force force NN 34823 6746 9 has have VBZ 34823 6746 10 built build VBN 34823 6746 11 up up RP 34823 6746 12 is be VBZ 34823 6746 13 as as RB 34823 6746 14 truly truly RB 34823 6746 15 a a DT 34823 6746 16 part part NN 34823 6746 17 of of IN 34823 6746 18 the the DT 34823 6746 19 capital capital NN 34823 6746 20 of of IN 34823 6746 21 the the DT 34823 6746 22 business business NN 34823 6746 23 as as IN 34823 6746 24 the the DT 34823 6746 25 machines machine NNS 34823 6746 26 which which WDT 34823 6746 27 the the DT 34823 6746 28 mechanics mechanic NNS 34823 6746 29 have have VBP 34823 6746 30 made make VBN 34823 6746 31 . . . 34823 6747 1 The the DT 34823 6747 2 static static JJ 34823 6747 3 theory theory NN 34823 6747 4 which which WDT 34823 6747 5 abstracts abstract VBZ 34823 6747 6 from from IN 34823 6747 7 this this DT 34823 6747 8 easily easily RB 34823 6747 9 leads lead VBZ 34823 6747 10 to to IN 34823 6747 11 dangerous dangerous JJ 34823 6747 12 conclusions conclusion NNS 34823 6747 13 . . . 34823 6748 1 Removing remove VBG 34823 6748 2 a a DT 34823 6748 3 tariff tariff NN 34823 6748 4 may may MD 34823 6748 5 well well RB 34823 6748 6 , , , 34823 6748 7 _ _ NNP 34823 6748 8 after after IN 34823 6748 9 the the DT 34823 6748 10 transition transition NN 34823 6748 11 is be VBZ 34823 6748 12 completed complete VBN 34823 6748 13 _ _ NNP 34823 6748 14 , , , 34823 6748 15 give give VB 34823 6748 16 a a DT 34823 6748 17 greater great JJR 34823 6748 18 productive productive JJ 34823 6748 19 efficiency efficiency NN 34823 6748 20 to to IN 34823 6748 21 a a DT 34823 6748 22 country country NN 34823 6748 23 . . . 34823 6749 1 But but CC 34823 6749 2 what what WP 34823 6749 3 of of IN 34823 6749 4 the the DT 34823 6749 5 cost cost NN 34823 6749 6 of of IN 34823 6749 7 transition transition NN 34823 6749 8 ? ? . 34823 6750 1 May May MD 34823 6750 2 not not RB 34823 6750 3 the the DT 34823 6750 4 values value NNS 34823 6750 5 destroyed destroy VBN 34823 6750 6 , , , 34823 6750 7 and and CC 34823 6750 8 to to TO 34823 6750 9 be be VB 34823 6750 10 recreated recreate VBN 34823 6750 11 , , , 34823 6750 12 in in IN 34823 6750 13 the the DT 34823 6750 14 form form NN 34823 6750 15 of of IN 34823 6750 16 trade trade NN 34823 6750 17 connections connection NNS 34823 6750 18 , , , 34823 6750 19 social social JJ 34823 6750 20 organization organization NN 34823 6750 21 , , , 34823 6750 22 accomplished accomplished JJ 34823 6750 23 adjustments adjustment NNS 34823 6750 24 , , , 34823 6750 25 and and CC 34823 6750 26 the the DT 34823 6750 27 like like JJ 34823 6750 28 , , , 34823 6750 29 be be VB 34823 6750 30 greater great JJR 34823 6750 31 than than IN 34823 6750 32 the the DT 34823 6750 33 new new JJ 34823 6750 34 values value NNS 34823 6750 35 to to TO 34823 6750 36 be be VB 34823 6750 37 gained gain VBN 34823 6750 38 by by IN 34823 6750 39 better well JJR 34823 6750 40 adaptation adaptation NN 34823 6750 41 of of IN 34823 6750 42 industry industry NN 34823 6750 43 to to IN 34823 6750 44 the the DT 34823 6750 45 physical physical JJ 34823 6750 46 resources resource NNS 34823 6750 47 or or CC 34823 6750 48 the the DT 34823 6750 49 capacities capacity NNS 34823 6750 50 of of IN 34823 6750 51 the the DT 34823 6750 52 labor labor NN 34823 6750 53 supply supply NN 34823 6750 54 , , , 34823 6750 55 of of IN 34823 6750 56 the the DT 34823 6750 57 country country NN 34823 6750 58 ? ? . 34823 6751 1 In in IN 34823 6751 2 large large JJ 34823 6751 3 measure measure NN 34823 6751 4 , , , 34823 6751 5 this this DT 34823 6751 6 question question NN 34823 6751 7 , , , 34823 6751 8 in in IN 34823 6751 9 a a DT 34823 6751 10 given give VBN 34823 6751 11 case case NN 34823 6751 12 , , , 34823 6751 13 is be VBZ 34823 6751 14 susceptible susceptible JJ 34823 6751 15 to to IN 34823 6751 16 a a DT 34823 6751 17 quantitative quantitative JJ 34823 6751 18 answer answer NN 34823 6751 19 . . . 34823 6752 1 The the DT 34823 6752 2 statesman statesman NN 34823 6752 3 who who WP 34823 6752 4 reckons reckon VBZ 34823 6752 5 only only RB 34823 6752 6 the the DT 34823 6752 7 gains gain NNS 34823 6752 8 which which WDT 34823 6752 9 the the DT 34823 6752 10 final final JJ 34823 6752 11 static static JJ 34823 6752 12 adjustment adjustment NN 34823 6752 13 will will MD 34823 6752 14 bring bring VB 34823 6752 15 , , , 34823 6752 16 and and CC 34823 6752 17 neglects neglect VBZ 34823 6752 18 the the DT 34823 6752 19 costs cost NNS 34823 6752 20 of of IN 34823 6752 21 reaching reach VBG 34823 6752 22 it -PRON- PRP 34823 6752 23 , , , 34823 6752 24 costs cost NNS 34823 6752 25 not not RB 34823 6752 26 alone alone JJ 34823 6752 27 in in IN 34823 6752 28 " " `` 34823 6752 29 scrapped scrapped JJ 34823 6752 30 " " '' 34823 6752 31 machines machine NNS 34823 6752 32 , , , 34823 6752 33 but but CC 34823 6752 34 also also RB 34823 6752 35 , , , 34823 6752 36 in in IN 34823 6752 37 " " `` 34823 6752 38 scrapped scrapped JJ 34823 6752 39 " " '' 34823 6752 40 social social JJ 34823 6752 41 organization organization NN 34823 6752 42 , , , 34823 6752 43 has have VBZ 34823 6752 44 missed miss VBN 34823 6752 45 a a DT 34823 6752 46 substantial substantial JJ 34823 6752 47 part part NN 34823 6752 48 of of IN 34823 6752 49 his -PRON- PRP$ 34823 6752 50 problem problem NN 34823 6752 51 . . . 34823 6753 1 The the DT 34823 6753 2 theory theory NN 34823 6753 3 of of IN 34823 6753 4 prosperity prosperity NN 34823 6753 5 , , , 34823 6753 6 and and CC 34823 6753 7 the the DT 34823 6753 8 theory theory NN 34823 6753 9 of of IN 34823 6753 10 value value NN 34823 6753 11 , , , 34823 6753 12 are be VBP 34823 6753 13 largely largely RB 34823 6753 14 concerned concerned JJ 34823 6753 15 with with IN 34823 6753 16 just just RB 34823 6753 17 this this DT 34823 6753 18 system system NN 34823 6753 19 of of IN 34823 6753 20 social social JJ 34823 6753 21 control control NN 34823 6753 22 , , , 34823 6753 23 by by IN 34823 6753 24 means mean NNS 34823 6753 25 of of IN 34823 6753 26 which which WDT 34823 6753 27 value value NN 34823 6753 28 scales scale NNS 34823 6753 29 are be VBP 34823 6753 30 altered alter VBN 34823 6753 31 , , , 34823 6753 32 and and CC 34823 6753 33 by by IN 34823 6753 34 means mean NNS 34823 6753 35 of of IN 34823 6753 36 which which WDT 34823 6753 37 altered alter VBN 34823 6753 38 values value NNS 34823 6753 39 are be VBP 34823 6753 40 brought bring VBN 34823 6753 41 into into IN 34823 6753 42 a a DT 34823 6753 43 new new JJ 34823 6753 44 equilibrium equilibrium NN 34823 6753 45 . . . 34823 6754 1 It -PRON- PRP 34823 6754 2 is be VBZ 34823 6754 3 a a DT 34823 6754 4 complicated complicated JJ 34823 6754 5 fabric fabric NN 34823 6754 6 of of IN 34823 6754 7 psychological psychological JJ 34823 6754 8 relationships relationship NNS 34823 6754 9 , , , 34823 6754 10 partly partly RB 34823 6754 11 institutionalized institutionalize VBN 34823 6754 12 , , , 34823 6754 13 partly partly RB 34823 6754 14 non non JJ 34823 6754 15 - - JJ 34823 6754 16 institutional institutional JJ 34823 6754 17 . . . 34823 6755 1 The the DT 34823 6755 2 institutions institution NNS 34823 6755 3 -- -- : 34823 6755 4 as as IN 34823 6755 5 banks bank NNS 34823 6755 6 , , , 34823 6755 7 big big JJ 34823 6755 8 corporations corporation NNS 34823 6755 9 , , , 34823 6755 10 speculative speculative JJ 34823 6755 11 exchanges exchange NNS 34823 6755 12 , , , 34823 6755 13 and and CC 34823 6755 14 the the DT 34823 6755 15 like like JJ 34823 6755 16 , , , 34823 6755 17 are be VBP 34823 6755 18 the the DT 34823 6755 19 nuclei nucleus NNS 34823 6755 20 , , , 34823 6755 21 about about IN 34823 6755 22 which which WDT 34823 6755 23 centre centre NN 34823 6755 24 much much JJ 34823 6755 25 that that WDT 34823 6755 26 is be VBZ 34823 6755 27 temporary temporary JJ 34823 6755 28 , , , 34823 6755 29 shifting shift VBG 34823 6755 30 , , , 34823 6755 31 and and CC 34823 6755 32 flexible flexible JJ 34823 6755 33 . . . 34823 6756 1 Given give VBN 34823 6756 2 time time NN 34823 6756 3 , , , 34823 6756 4 the the DT 34823 6756 5 whole whole JJ 34823 6756 6 system system NN 34823 6756 7 is be VBZ 34823 6756 8 highly highly RB 34823 6756 9 flexible flexible JJ 34823 6756 10 -- -- : 34823 6756 11 it -PRON- PRP 34823 6756 12 is be VBZ 34823 6756 13 organic organic JJ 34823 6756 14 , , , 34823 6756 15 and and CC 34823 6756 16 not not RB 34823 6756 17 mechanical mechanical JJ 34823 6756 18 . . . 34823 6757 1 The the DT 34823 6757 2 serious serious JJ 34823 6757 3 injury injury NN 34823 6757 4 of of IN 34823 6757 5 this this DT 34823 6757 6 system system NN 34823 6757 7 in in IN 34823 6757 8 a a DT 34823 6757 9 country country NN 34823 6757 10 may may MD 34823 6757 11 well well RB 34823 6757 12 be be VB 34823 6757 13 a a DT 34823 6757 14 greater great JJR 34823 6757 15 disaster disaster NN 34823 6757 16 than than IN 34823 6757 17 the the DT 34823 6757 18 destruction destruction NN 34823 6757 19 of of IN 34823 6757 20 physical physical JJ 34823 6757 21 items item NNS 34823 6757 22 . . . 34823 6758 1 Let let VB 34823 6758 2 unscrupulous unscrupulous JJ 34823 6758 3 men man NNS 34823 6758 4 -- -- : 34823 6758 5 or or CC 34823 6758 6 misguided misguided JJ 34823 6758 7 men man NNS 34823 6758 8 -- -- : 34823 6758 9 bring bring VBP 34823 6758 10 about about RP 34823 6758 11 a a DT 34823 6758 12 legal legal JJ 34823 6758 13 repudiation repudiation NN 34823 6758 14 of of IN 34823 6758 15 debts debt NNS 34823 6758 16 , , , 34823 6758 17 and and CC 34823 6758 18 the the DT 34823 6758 19 disaster disaster NN 34823 6758 20 may may MD 34823 6758 21 be be VB 34823 6758 22 greater great JJR 34823 6758 23 than than IN 34823 6758 24 the the DT 34823 6758 25 destruction destruction NN 34823 6758 26 of of IN 34823 6758 27 a a DT 34823 6758 28 city city NN 34823 6758 29 by by IN 34823 6758 30 an an DT 34823 6758 31 earthquake earthquake NN 34823 6758 32 . . . 34823 6759 1 That that IN 34823 6759 2 creditors creditor NNS 34823 6759 3 have have VBP 34823 6759 4 been be VBN 34823 6759 5 robbed rob VBN 34823 6759 6 is be VBZ 34823 6759 7 a a DT 34823 6759 8 minor minor JJ 34823 6759 9 matter matter NN 34823 6759 10 , , , 34823 6759 11 but but CC 34823 6759 12 that that DT 34823 6759 13 credit credit NN 34823 6759 14 has have VBZ 34823 6759 15 been be VBN 34823 6759 16 shaken shake VBN 34823 6759 17 , , , 34823 6759 18 so so IN 34823 6759 19 that that IN 34823 6759 20 men man NNS 34823 6759 21 will will MD 34823 6759 22 fear fear VB 34823 6759 23 to to TO 34823 6759 24 lend lend VB 34823 6759 25 again again RB 34823 6759 26 or or CC 34823 6759 27 to to TO 34823 6759 28 sell sell VB 34823 6759 29 except except IN 34823 6759 30 for for IN 34823 6759 31 cash cash NN 34823 6759 32 , , , 34823 6759 33 may may MD 34823 6759 34 well well RB 34823 6759 35 mean mean VB 34823 6759 36 industrial industrial JJ 34823 6759 37 paralysis paralysis NN 34823 6759 38 . . . 34823 6760 1 Considerations consideration NNS 34823 6760 2 like like IN 34823 6760 3 these these DT 34823 6760 4 enable enable VBP 34823 6760 5 us -PRON- PRP 34823 6760 6 , , , 34823 6760 7 in in IN 34823 6760 8 substantial substantial JJ 34823 6760 9 degree degree NN 34823 6760 10 , , , 34823 6760 11 to to TO 34823 6760 12 reduce reduce VB 34823 6760 13 " " `` 34823 6760 14 transitional transitional JJ 34823 6760 15 " " '' 34823 6760 16 considerations consideration NNS 34823 6760 17 to to IN 34823 6760 18 common common JJ 34823 6760 19 terms term NNS 34823 6760 20 with with IN 34823 6760 21 " " `` 34823 6760 22 normal normal JJ 34823 6760 23 " " '' 34823 6760 24 considerations consideration NNS 34823 6760 25 . . . 34823 6761 1 We -PRON- PRP 34823 6761 2 can can MD 34823 6761 3 apply apply VB 34823 6761 4 the the DT 34823 6761 5 static static JJ 34823 6761 6 measure measure NN 34823 6761 7 to to IN 34823 6761 8 the the DT 34823 6761 9 " " `` 34823 6761 10 transitional transitional JJ 34823 6761 11 considerations consideration NNS 34823 6761 12 , , , 34823 6761 13 " " '' 34823 6761 14 and and CC 34823 6761 15 we -PRON- PRP 34823 6761 16 find find VBP 34823 6761 17 the the DT 34823 6761 18 values value NNS 34823 6761 19 which which WDT 34823 6761 20 come come VBP 34823 6761 21 into into IN 34823 6761 22 equilibrium equilibrium NN 34823 6761 23 in in IN 34823 6761 24 the the DT 34823 6761 25 " " `` 34823 6761 26 normal normal JJ 34823 6761 27 " " '' 34823 6761 28 period period NN 34823 6761 29 to to TO 34823 6761 30 be be VB 34823 6761 31 generically generically RB 34823 6761 32 like like IN 34823 6761 33 those those DT 34823 6761 34 whose whose WP$ 34823 6761 35 variations variation NNS 34823 6761 36 interest interest VBP 34823 6761 37 us -PRON- PRP 34823 6761 38 in in IN 34823 6761 39 the the DT 34823 6761 40 period period NN 34823 6761 41 of of IN 34823 6761 42 transition transition NN 34823 6761 43 . . . 34823 6762 1 Indeed indeed RB 34823 6762 2 , , , 34823 6762 3 the the DT 34823 6762 4 " " `` 34823 6762 5 normal normal JJ 34823 6762 6 equilibrium equilibrium NN 34823 6762 7 , , , 34823 6762 8 " " `` 34823 6762 9 if if IN 34823 6762 10 it -PRON- PRP 34823 6762 11 were be VBD 34823 6762 12 ever ever RB 34823 6762 13 reached reach VBN 34823 6762 14 , , , 34823 6762 15 would would MD 34823 6762 16 also also RB 34823 6762 17 contain contain VB 34823 6762 18 these these DT 34823 6762 19 intangible intangible JJ 34823 6762 20 capital capital NN 34823 6762 21 items item NNS 34823 6762 22 , , , 34823 6762 23 though though IN 34823 6762 24 many many JJ 34823 6762 25 of of IN 34823 6762 26 them -PRON- PRP 34823 6762 27 would would MD 34823 6762 28 be be VB 34823 6762 29 much much RB 34823 6762 30 reduced reduce VBN 34823 6762 31 , , , 34823 6762 32 since since IN 34823 6762 33 the the DT 34823 6762 34 work work NN 34823 6762 35 that that WDT 34823 6762 36 they -PRON- PRP 34823 6762 37 have have VBP 34823 6762 38 to to TO 34823 6762 39 do do VB 34823 6762 40 would would MD 34823 6762 41 be be VB 34823 6762 42 largely largely RB 34823 6762 43 gone go VBN 34823 6762 44 , , , 34823 6762 45 if if IN 34823 6762 46 the the DT 34823 6762 47 normal normal JJ 34823 6762 48 equilibrium equilibrium NN 34823 6762 49 were be VBD 34823 6762 50 persistent persistent JJ 34823 6762 51 . . . 34823 6763 1 It -PRON- PRP 34823 6763 2 does do VBZ 34823 6763 3 not not RB 34823 6763 4 follow follow VB 34823 6763 5 from from IN 34823 6763 6 the the DT 34823 6763 7 foregoing foregoing NN 34823 6763 8 that that IN 34823 6763 9 many many JJ 34823 6763 10 of of IN 34823 6763 11 the the DT 34823 6763 12 elements element NNS 34823 6763 13 in in IN 34823 6763 14 " " `` 34823 6763 15 modern modern JJ 34823 6763 16 business business NN 34823 6763 17 capital capital NN 34823 6763 18 " " '' 34823 6763 19 are be VBP 34823 6763 20 not not RB 34823 6763 21 , , , 34823 6763 22 as as IN 34823 6763 23 Veblen Veblen NNP 34823 6763 24 's 's POS 34823 6763 25 analysis analysis NN 34823 6763 26 suggests suggest VBZ 34823 6763 27 , , , 34823 6763 28 sinister sinister JJ 34823 6763 29 and and CC 34823 6763 30 anti anti JJ 34823 6763 31 - - JJ 34823 6763 32 social social JJ 34823 6763 33 . . . 34823 6764 1 To to TO 34823 6764 2 say say VB 34823 6764 3 that that IN 34823 6764 4 their -PRON- PRP$ 34823 6764 5 values value NNS 34823 6764 6 are be VBP 34823 6764 7 true true JJ 34823 6764 8 social social JJ 34823 6764 9 economic economic JJ 34823 6764 10 values value NNS 34823 6764 11 , , , 34823 6764 12 generically generically RB 34823 6764 13 the the DT 34823 6764 14 same same JJ 34823 6764 15 as as IN 34823 6764 16 the the DT 34823 6764 17 values value NNS 34823 6764 18 of of IN 34823 6764 19 wheat wheat NN 34823 6764 20 or or CC 34823 6764 21 corn corn NN 34823 6764 22 or or CC 34823 6764 23 whiskey whiskey NN 34823 6764 24 or or CC 34823 6764 25 opium opium NN 34823 6764 26 or or CC 34823 6764 27 Sanatogen sanatogen NN 34823 6764 28 or or CC 34823 6764 29 milk milk NN 34823 6764 30 or or CC 34823 6764 31 tickets ticket NNS 34823 6764 32 to to IN 34823 6764 33 burlesque burlesque JJ 34823 6764 34 shows show NNS 34823 6764 35 , , , 34823 6764 36 or or CC 34823 6764 37 silver silver NN 34823 6764 38 sacramental sacramental JJ 34823 6764 39 sets set NNS 34823 6764 40 , , , 34823 6764 41 or or CC 34823 6764 42 Ford Ford NNP 34823 6764 43 automobiles automobile NNS 34823 6764 44 , , , 34823 6764 45 is be VBZ 34823 6764 46 not not RB 34823 6764 47 necessarily necessarily RB 34823 6764 48 to to TO 34823 6764 49 give give VB 34823 6764 50 them -PRON- PRP 34823 6764 51 a a DT 34823 6764 52 good good JJ 34823 6764 53 moral moral JJ 34823 6764 54 character character NN 34823 6764 55 ! ! . 34823 6765 1 Some some DT 34823 6765 2 of of IN 34823 6765 3 these these DT 34823 6765 4 intangible intangible JJ 34823 6765 5 capital capital NN 34823 6765 6 goods good NNS 34823 6765 7 are be VBP 34823 6765 8 thoroughly thoroughly RB 34823 6765 9 anti anti JJ 34823 6765 10 - - JJ 34823 6765 11 social social JJ 34823 6765 12 , , , 34823 6765 13 and and CC 34823 6765 14 should should MD 34823 6765 15 be be VB 34823 6765 16 destroyed destroy VBN 34823 6765 17 . . . 34823 6766 1 This this DT 34823 6766 2 is be VBZ 34823 6766 3 particularly particularly RB 34823 6766 4 true true JJ 34823 6766 5 of of IN 34823 6766 6 monopoly monopoly NN 34823 6766 7 power power NN 34823 6766 8 , , , 34823 6766 9 and and CC 34823 6766 10 of of IN 34823 6766 11 popular popular JJ 34823 6766 12 brands brand NNS 34823 6766 13 whose whose WP$ 34823 6766 14 value value NN 34823 6766 15 rests rest VBZ 34823 6766 16 in in IN 34823 6766 17 popular popular JJ 34823 6766 18 delusion delusion NN 34823 6766 19 . . . 34823 6767 1 But but CC 34823 6767 2 even even RB 34823 6767 3 here here RB 34823 6767 4 , , , 34823 6767 5 caution caution NN 34823 6767 6 is be VBZ 34823 6767 7 needed need VBN 34823 6767 8 . . . 34823 6768 1 Is be VBZ 34823 6768 2 it -PRON- PRP 34823 6768 3 socially socially RB 34823 6768 4 wise wise JJ 34823 6768 5 to to TO 34823 6768 6 destroy destroy VB 34823 6768 7 a a DT 34823 6768 8 wine wine NN 34823 6768 9 cellar cellar NN 34823 6768 10 , , , 34823 6768 11 containing contain VBG 34823 6768 12 an an DT 34823 6768 13 hundred hundred CD 34823 6768 14 thousand thousand CD 34823 6768 15 dollars dollar NNS 34823 6768 16 worth worth JJ 34823 6768 17 of of IN 34823 6768 18 fine fine JJ 34823 6768 19 wines wine NNS 34823 6768 20 , , , 34823 6768 21 even even RB 34823 6768 22 assuming assume VBG 34823 6768 23 that that IN 34823 6768 24 Demon Demon NNP 34823 6768 25 Rum Rum NNP 34823 6768 26 is be VBZ 34823 6768 27 as as RB 34823 6768 28 black black JJ 34823 6768 29 as as IN 34823 6768 30 he -PRON- PRP 34823 6768 31 is be VBZ 34823 6768 32 painted paint VBN 34823 6768 33 , , , 34823 6768 34 and and CC 34823 6768 35 that that IN 34823 6768 36 Veuve Veuve NNP 34823 6768 37 Cliquot Cliquot NNP 34823 6768 38 is be VBZ 34823 6768 39 his -PRON- PRP$ 34823 6768 40 favorite favorite JJ 34823 6768 41 daughter daughter NN 34823 6768 42 ? ? . 34823 6769 1 Will Will MD 34823 6769 2 not not RB 34823 6769 3 the the DT 34823 6769 4 economic economic JJ 34823 6769 5 values value NNS 34823 6769 6 which which WDT 34823 6769 7 have have VBP 34823 6769 8 been be VBN 34823 6769 9 destroyed destroy VBN 34823 6769 10 in in IN 34823 6769 11 this this DT 34823 6769 12 moral moral JJ 34823 6769 13 fervor fervor NN 34823 6769 14 be be VB 34823 6769 15 recreated recreate VBN 34823 6769 16 ? ? . 34823 6770 1 And and CC 34823 6770 2 will will MD 34823 6770 3 not not RB 34823 6770 4 this this DT 34823 6770 5 tend tend VB 34823 6770 6 to to TO 34823 6770 7 divert divert VB 34823 6770 8 labor labor NN 34823 6770 9 and and CC 34823 6770 10 capital capital NN 34823 6770 11 from from IN 34823 6770 12 the the DT 34823 6770 13 creation creation NN 34823 6770 14 of of IN 34823 6770 15 a a DT 34823 6770 16 corresponding corresponding JJ 34823 6770 17 amount amount NN 34823 6770 18 of of IN 34823 6770 19 more more RBR 34823 6770 20 wholesome wholesome JJ 34823 6770 21 economic economic JJ 34823 6770 22 goods good NNS 34823 6770 23 ? ? . 34823 6771 1 Might may MD 34823 6771 2 it -PRON- PRP 34823 6771 3 not not RB 34823 6771 4 be be VB 34823 6771 5 wiser wise JJR 34823 6771 6 from from IN 34823 6771 7 the the DT 34823 6771 8 standpoint standpoint NN 34823 6771 9 of of IN 34823 6771 10 the the DT 34823 6771 11 temperance temperance NN 34823 6771 12 movement movement NN 34823 6771 13 itself -PRON- PRP 34823 6771 14 , , , 34823 6771 15 to to TO 34823 6771 16 sell sell VB 34823 6771 17 the the DT 34823 6771 18 wine wine NN 34823 6771 19 cellar cellar NN 34823 6771 20 -- -- : 34823 6771 21 at at IN 34823 6771 22 private private JJ 34823 6771 23 sale sale NN 34823 6771 24 , , , 34823 6771 25 of of IN 34823 6771 26 course!--and course!--and NNP 34823 6771 27 use use VB 34823 6771 28 the the DT 34823 6771 29 proceeds proceed NNS 34823 6771 30 in in IN 34823 6771 31 the the DT 34823 6771 32 campaign campaign NN 34823 6771 33 fund fund NN 34823 6771 34 of of IN 34823 6771 35 the the DT 34823 6771 36 prohibition prohibition NN 34823 6771 37 party party NN 34823 6771 38 ? ? . 34823 6772 1 Of of RB 34823 6772 2 course course RB 34823 6772 3 , , , 34823 6772 4 there there EX 34823 6772 5 is be VBZ 34823 6772 6 more more RBR 34823 6772 7 still still RB 34823 6772 8 to to IN 34823 6772 9 the the DT 34823 6772 10 story story NN 34823 6772 11 . . . 34823 6773 1 The the DT 34823 6773 2 destruction destruction NN 34823 6773 3 of of IN 34823 6773 4 the the DT 34823 6773 5 wine wine NN 34823 6773 6 cellar cellar NN 34823 6773 7 may may MD 34823 6773 8 be be VB 34823 6773 9 done do VBN 34823 6773 10 so so RB 34823 6773 11 dramatically dramatically RB 34823 6773 12 , , , 34823 6773 13 and and CC 34823 6773 14 may may MD 34823 6773 15 be be VB 34823 6773 16 so so RB 34823 6773 17 well well RB 34823 6773 18 advertised advertised JJ 34823 6773 19 , , , 34823 6773 20 that that IN 34823 6773 21 it -PRON- PRP 34823 6773 22 will will MD 34823 6773 23 arrest arrest VB 34823 6773 24 public public JJ 34823 6773 25 attention attention NN 34823 6773 26 , , , 34823 6773 27 and and CC 34823 6773 28 tend tend VBP 34823 6773 29 to to TO 34823 6773 30 create create VB 34823 6773 31 new new JJ 34823 6773 32 social social JJ 34823 6773 33 values value NNS 34823 6773 34 , , , 34823 6773 35 of of IN 34823 6773 36 a a DT 34823 6773 37 moral moral JJ 34823 6773 38 and and CC 34823 6773 39 legal legal JJ 34823 6773 40 sort sort NN 34823 6773 41 , , , 34823 6773 42 which which WDT 34823 6773 43 will will MD 34823 6773 44 prevent prevent VB 34823 6773 45 the the DT 34823 6773 46 recreating recreating NN 34823 6773 47 of of IN 34823 6773 48 that that DT 34823 6773 49 wine wine NN 34823 6773 50 , , , 34823 6773 51 by by IN 34823 6773 52 changing change VBG 34823 6773 53 the the DT 34823 6773 54 direction direction NN 34823 6773 55 of of IN 34823 6773 56 demand demand NN 34823 6773 57 , , , 34823 6773 58 and and CC 34823 6773 59 by by IN 34823 6773 60 lessening lessen VBG 34823 6773 61 the the DT 34823 6773 62 sources source NNS 34823 6773 63 of of IN 34823 6773 64 supply supply NN 34823 6773 65 . . . 34823 6774 1 Similarly similarly RB 34823 6774 2 with with IN 34823 6774 3 trade trade NN 34823 6774 4 connections connection NNS 34823 6774 5 , , , 34823 6774 6 and and CC 34823 6774 7 other other JJ 34823 6774 8 intangible intangible JJ 34823 6774 9 capital capital NN 34823 6774 10 items item NNS 34823 6774 11 . . . 34823 6775 1 If if IN 34823 6775 2 destroying destroy VBG 34823 6775 3 one one PRP 34823 6775 4 means mean VBZ 34823 6775 5 merely merely RB 34823 6775 6 that that DT 34823 6775 7 labor labor NN 34823 6775 8 and and CC 34823 6775 9 capital capital NN 34823 6775 10 will will MD 34823 6775 11 be be VB 34823 6775 12 employed employ VBN 34823 6775 13 in in IN 34823 6775 14 making make VBG 34823 6775 15 others other NNS 34823 6775 16 no no RB 34823 6775 17 better well RBR 34823 6775 18 , , , 34823 6775 19 the the DT 34823 6775 20 social social JJ 34823 6775 21 gain gain NN 34823 6775 22 is be VBZ 34823 6775 23 very very RB 34823 6775 24 doubtful doubtful JJ 34823 6775 25 . . . 34823 6776 1 And and CC 34823 6776 2 some some DT 34823 6776 3 sort sort NN 34823 6776 4 of of IN 34823 6776 5 system system NN 34823 6776 6 of of IN 34823 6776 7 control control NN 34823 6776 8 of of IN 34823 6776 9 interstitial interstitial JJ 34823 6776 10 adjustment adjustment NN 34823 6776 11 , , , 34823 6776 12 of of IN 34823 6776 13 overcoming overcome VBG 34823 6776 14 friction friction NN 34823 6776 15 , , , 34823 6776 16 etc etc FW 34823 6776 17 . . FW 34823 6776 18 , , , 34823 6776 19 there there EX 34823 6776 20 must must MD 34823 6776 21 be be VB 34823 6776 22 . . . 34823 6777 1 I -PRON- PRP 34823 6777 2 wish wish VBP 34823 6777 3 to to TO 34823 6777 4 contrast contrast VB 34823 6777 5 the the DT 34823 6777 6 view view NN 34823 6777 7 I -PRON- PRP 34823 6777 8 have have VBP 34823 6777 9 been be VBN 34823 6777 10 here here RB 34823 6777 11 presenting present VBG 34823 6777 12 with with IN 34823 6777 13 that that DT 34823 6777 14 developed develop VBN 34823 6777 15 by by IN 34823 6777 16 Schumpeter Schumpeter NNP 34823 6777 17 , , , 34823 6777 18 in in IN 34823 6777 19 his -PRON- PRP$ 34823 6777 20 _ _ NNP 34823 6777 21 Theorie Theorie NNP 34823 6777 22 der der NN 34823 6777 23 Wirtschaftlichen Wirtschaftlichen NNP 34823 6777 24 Entwicklung Entwicklung NNP 34823 6777 25 _ _ NNP 34823 6777 26 . . . 34823 6778 1 In in IN 34823 6778 2 Schumpeter Schumpeter NNP 34823 6778 3 's 's POS 34823 6778 4 view view NN 34823 6778 5 , , , 34823 6778 6 the the DT 34823 6778 7 division division NN 34823 6778 8 between between IN 34823 6778 9 statics static NNS 34823 6778 10 and and CC 34823 6778 11 dynamics dynamic NNS 34823 6778 12 is be VBZ 34823 6778 13 much much RB 34823 6778 14 more more JJR 34823 6778 15 than than IN 34823 6778 16 methodological methodological JJ 34823 6778 17 . . . 34823 6779 1 The the DT 34823 6779 2 phenomena phenomenon NNS 34823 6779 3 of of IN 34823 6779 4 statics static NNS 34823 6779 5 and and CC 34823 6779 6 dynamics dynamic NNS 34823 6779 7 are be VBP 34823 6779 8 different different JJ 34823 6779 9 phenomena phenomenon NNS 34823 6779 10 . . . 34823 6780 1 Statics Statics NNP 34823 6780 2 is be VBZ 34823 6780 3 concerned concern VBN 34823 6780 4 with with IN 34823 6780 5 the the DT 34823 6780 6 influence influence NN 34823 6780 7 of of IN 34823 6780 8 individual individual JJ 34823 6780 9 utility utility NN 34823 6780 10 - - HYPH 34823 6780 11 scales scale NNS 34823 6780 12 , , , 34823 6780 13 or or CC 34823 6780 14 utility utility NN 34823 6780 15 - - HYPH 34823 6780 16 scales scale NNS 34823 6780 17 and and CC 34823 6780 18 psychic psychic JJ 34823 6780 19 cost cost NN 34823 6780 20 - - HYPH 34823 6780 21 scales scale NNS 34823 6780 22 , , , 34823 6780 23 hedonistic hedonistic JJ 34823 6780 24 phenomena phenomenon NNS 34823 6780 25 . . . 34823 6781 1 Dynamics dynamic NNS 34823 6781 2 is be VBZ 34823 6781 3 concerned concern VBN 34823 6781 4 with with IN 34823 6781 5 the the DT 34823 6781 6 influence influence NN 34823 6781 7 of of IN 34823 6781 8 " " `` 34823 6781 9 _ _ NNP 34823 6781 10 energisch energisch NNP 34823 6781 11 _ _ NNP 34823 6781 12 " " '' 34823 6781 13 ( ( -LRB- 34823 6781 14 as as RB 34823 6781 15 distinguished distinguish VBN 34823 6781 16 from from IN 34823 6781 17 " " `` 34823 6781 18 _ _ NNP 34823 6781 19 hedonisch hedonisch NNP 34823 6781 20 _ _ NNP 34823 6781 21 " " '' 34823 6781 22 ) ) -RRB- 34823 6781 23 factors factor NNS 34823 6781 24 . . . 34823 6782 1 ( ( -LRB- 34823 6782 2 _ _ NNP 34823 6782 3 Loc Loc NNP 34823 6782 4 . . . 34823 6783 1 cit cit NNP 34823 6783 2 . . . 34823 6783 3 _ _ NNP 34823 6783 4 , , , 34823 6783 5 128 128 CD 34823 6783 6 . . . 34823 6783 7 ) ) -RRB- 34823 6784 1 Most Most JJS 34823 6784 2 men man NNS 34823 6784 3 are be VBP 34823 6784 4 moved move VBN 34823 6784 5 by by IN 34823 6784 6 hedonic hedonic JJ 34823 6784 7 considerations consideration NNS 34823 6784 8 . . . 34823 6785 1 Their -PRON- PRP$ 34823 6785 2 economic economic JJ 34823 6785 3 activity activity NN 34823 6785 4 tends tend VBZ 34823 6785 5 toward toward IN 34823 6785 6 the the DT 34823 6785 7 equilibrium equilibrium NN 34823 6785 8 described describe VBN 34823 6785 9 in in IN 34823 6785 10 static static JJ 34823 6785 11 theory theory NN 34823 6785 12 . . . 34823 6786 1 Seeking seek VBG 34823 6786 2 to to TO 34823 6786 3 maximize maximize VB 34823 6786 4 satisfactions satisfaction NNS 34823 6786 5 , , , 34823 6786 6 and and CC 34823 6786 7 to to TO 34823 6786 8 minimize minimize VB 34823 6786 9 pains pain NNS 34823 6786 10 , , , 34823 6786 11 they -PRON- PRP 34823 6786 12 tend tend VBP 34823 6786 13 to to TO 34823 6786 14 get get VB 34823 6786 15 into into IN 34823 6786 16 the the DT 34823 6786 17 " " `` 34823 6786 18 best best RB 34823 6786 19 - - HYPH 34823 6786 20 possible possible JJ 34823 6786 21 " " '' 34823 6786 22 situation situation NN 34823 6786 23 ( ( -LRB- 34823 6786 24 " " `` 34823 6786 25 best best RB 34823 6786 26 - - HYPH 34823 6786 27 possible possible JJ 34823 6786 28 " " '' 34823 6786 29 under under IN 34823 6786 30 the the DT 34823 6786 31 " " `` 34823 6786 32 given give VBN 34823 6786 33 conditions condition NNS 34823 6786 34 " " '' 34823 6786 35 ) ) -RRB- 34823 6786 36 and and CC 34823 6786 37 stay stay VB 34823 6786 38 there there RB 34823 6786 39 . . . 34823 6787 1 The the DT 34823 6787 2 " " `` 34823 6787 3 energetic energetic JJ 34823 6787 4 " " '' 34823 6787 5 type type NN 34823 6787 6 of of IN 34823 6787 7 men man NNS 34823 6787 8 , , , 34823 6787 9 moved move VBN 34823 6787 10 by by IN 34823 6787 11 motives motive NNS 34823 6787 12 like like IN 34823 6787 13 love love NN 34823 6787 14 of of IN 34823 6787 15 activity activity NN 34823 6787 16 for for IN 34823 6787 17 its -PRON- PRP$ 34823 6787 18 own own JJ 34823 6787 19 sake sake NN 34823 6787 20 , , , 34823 6787 21 love love NN 34823 6787 22 of of IN 34823 6787 23 creative creative JJ 34823 6787 24 activity activity NN 34823 6787 25 , , , 34823 6787 26 love love NN 34823 6787 27 of of IN 34823 6787 28 distinction distinction NN 34823 6787 29 , , , 34823 6787 30 love love NN 34823 6787 31 of of IN 34823 6787 32 victory victory NN 34823 6787 33 over over IN 34823 6787 34 others other NNS 34823 6787 35 , , , 34823 6787 36 love love NN 34823 6787 37 of of IN 34823 6787 38 the the DT 34823 6787 39 game game NN 34823 6787 40 , , , 34823 6787 41 etc etc FW 34823 6787 42 . . FW 34823 6787 43 , , , 34823 6787 44 undertake undertake JJ 34823 6787 45 activities activity NNS 34823 6787 46 which which WDT 34823 6787 47 tend tend VBP 34823 6787 48 to to TO 34823 6787 49 alter alter VB 34823 6787 50 the the DT 34823 6787 51 " " `` 34823 6787 52 given give VBN 34823 6787 53 conditions condition NNS 34823 6787 54 " " '' 34823 6787 55 themselves -PRON- PRP 34823 6787 56 , , , 34823 6787 57 to to TO 34823 6787 58 alter alter VB 34823 6787 59 the the DT 34823 6787 60 structure structure NN 34823 6787 61 and and CC 34823 6787 62 technique technique NN 34823 6787 63 of of IN 34823 6787 64 economic economic JJ 34823 6787 65 society society NN 34823 6787 66 , , , 34823 6787 67 to to TO 34823 6787 68 introduce introduce VB 34823 6787 69 new new JJ 34823 6787 70 ways way NNS 34823 6787 71 of of IN 34823 6787 72 doing do VBG 34823 6787 73 things thing NNS 34823 6787 74 , , , 34823 6787 75 and and CC 34823 6787 76 so so RB 34823 6787 77 to to TO 34823 6787 78 break break VB 34823 6787 79 the the DT 34823 6787 80 static static JJ 34823 6787 81 equilibrium equilibrium NN 34823 6787 82 . . . 34823 6788 1 This this DT 34823 6788 2 last last JJ 34823 6788 3 type type NN 34823 6788 4 of of IN 34823 6788 5 men man NNS 34823 6788 6 is be VBZ 34823 6788 7 small small JJ 34823 6788 8 in in IN 34823 6788 9 number number NN 34823 6788 10 , , , 34823 6788 11 but but CC 34823 6788 12 tremendously tremendously RB 34823 6788 13 important important JJ 34823 6788 14 . . . 34823 6789 1 Schumpeter Schumpeter NNP 34823 6789 2 's 's POS 34823 6789 3 theory theory NN 34823 6789 4 of of IN 34823 6789 5 value value NN 34823 6789 6 rests rest NNS 34823 6789 7 solely solely RB 34823 6789 8 in in IN 34823 6789 9 an an DT 34823 6789 10 analysis analysis NN 34823 6789 11 of of IN 34823 6789 12 the the DT 34823 6789 13 hedonic hedonic JJ 34823 6789 14 factors factor NNS 34823 6789 15 mentioned mention VBD 34823 6789 16 , , , 34823 6789 17 conceived conceive VBN 34823 6789 18 of of IN 34823 6789 19 as as IN 34823 6789 20 individual individual JJ 34823 6789 21 psychological psychological JJ 34823 6789 22 magnitudes magnitude NNS 34823 6789 23 . . . 34823 6790 1 I -PRON- PRP 34823 6790 2 have have VBP 34823 6790 3 discussed discuss VBN 34823 6790 4 his -PRON- PRP$ 34823 6790 5 theory theory NN 34823 6790 6 of of IN 34823 6790 7 value value NN 34823 6790 8 in in IN 34823 6790 9 the the DT 34823 6790 10 chapter chapter NN 34823 6790 11 on on IN 34823 6790 12 " " `` 34823 6790 13 Marginal Marginal NNP 34823 6790 14 Utility Utility NNP 34823 6790 15 " " '' 34823 6790 16 in in IN 34823 6790 17 this this DT 34823 6790 18 book book NN 34823 6790 19 , , , 34823 6790 20 and and CC 34823 6790 21 would would MD 34823 6790 22 refer refer VB 34823 6790 23 to to IN 34823 6790 24 that that DT 34823 6790 25 discussion discussion NN 34823 6790 26 here here RB 34823 6790 27 . . . 34823 6791 1 He -PRON- PRP 34823 6791 2 makes make VBZ 34823 6791 3 virtually virtually RB 34823 6791 4 no no DT 34823 6791 5 use use NN 34823 6791 6 of of IN 34823 6791 7 the the DT 34823 6791 8 value value NN 34823 6791 9 concept concept NN 34823 6791 10 there there RB 34823 6791 11 developed develop VBD 34823 6791 12 in in IN 34823 6791 13 explaining explain VBG 34823 6791 14 the the DT 34823 6791 15 causation causation NN 34823 6791 16 of of IN 34823 6791 17 dynamic dynamic JJ 34823 6791 18 change change NN 34823 6791 19 , , , 34823 6791 20 but but CC 34823 6791 21 instead instead RB 34823 6791 22 , , , 34823 6791 23 as as IN 34823 6791 24 I -PRON- PRP 34823 6791 25 have have VBP 34823 6791 26 pointed point VBN 34823 6791 27 out out RP 34823 6791 28 in in IN 34823 6791 29 that that DT 34823 6791 30 chapter chapter NN 34823 6791 31 , , , 34823 6791 32 invents invent VBZ 34823 6791 33 new new JJ 34823 6791 34 concepts concept NNS 34823 6791 35 , , , 34823 6791 36 which which WDT 34823 6791 37 do do VBP 34823 6791 38 the the DT 34823 6791 39 work work NN 34823 6791 40 of of IN 34823 6791 41 the the DT 34823 6791 42 value value NN 34823 6791 43 concept concept NN 34823 6791 44 , , , 34823 6791 45 which which WDT 34823 6791 46 he -PRON- PRP 34823 6791 47 calls call VBZ 34823 6791 48 " " `` 34823 6791 49 _ _ NNP 34823 6791 50 Kaufkraft Kaufkraft NNP 34823 6791 51 _ _ NNP 34823 6791 52 , , , 34823 6791 53 " " '' 34823 6791 54 " " `` 34823 6791 55 _ _ NNP 34823 6791 56 Kapital Kapital NNP 34823 6791 57 _ _ NNP 34823 6791 58 , , , 34823 6791 59 " " '' 34823 6791 60 and and CC 34823 6791 61 " " `` 34823 6791 62 _ _ NNP 34823 6791 63 Kredit Kredit NNP 34823 6791 64 _ _ NNP 34823 6791 65 , , , 34823 6791 66 " " '' 34823 6791 67 which which WDT 34823 6791 68 do do VBP 34823 6791 69 not not RB 34823 6791 70 rest rest VB 34823 6791 71 on on IN 34823 6791 72 marginal marginal JJ 34823 6791 73 utility utility NN 34823 6791 74 , , , 34823 6791 75 but but CC 34823 6791 76 rather rather RB 34823 6791 77 on on IN 34823 6791 78 the the DT 34823 6791 79 activities activity NNS 34823 6791 80 of of IN 34823 6791 81 certain certain JJ 34823 6791 82 centres centre NNS 34823 6791 83 of of IN 34823 6791 84 economic economic JJ 34823 6791 85 power power NN 34823 6791 86 , , , 34823 6791 87 particularly particularly RB 34823 6791 88 of of IN 34823 6791 89 banks bank NNS 34823 6791 90 . . . 34823 6792 1 [ [ -LRB- 34823 6792 2 594 594 CD 34823 6792 3 ] ] -RRB- 34823 6792 4 His -PRON- PRP$ 34823 6792 5 picture picture NN 34823 6792 6 of of IN 34823 6792 7 economic economic JJ 34823 6792 8 evolution evolution NN 34823 6792 9 is be VBZ 34823 6792 10 that that DT 34823 6792 11 of of IN 34823 6792 12 a a DT 34823 6792 13 conflict conflict NN 34823 6792 14 between between IN 34823 6792 15 these these DT 34823 6792 16 static static JJ 34823 6792 17 and and CC 34823 6792 18 dynamic dynamic JJ 34823 6792 19 forces force NNS 34823 6792 20 , , , 34823 6792 21 between between IN 34823 6792 22 " " `` 34823 6792 23 utility utility NN 34823 6792 24 - - HYPH 34823 6792 25 curves curve NNS 34823 6792 26 " " '' 34823 6792 27 and and CC 34823 6792 28 the the DT 34823 6792 29 psychological psychological JJ 34823 6792 30 factors factor NNS 34823 6792 31 of of IN 34823 6792 32 the the DT 34823 6792 33 " " `` 34823 6792 34 energetic energetic JJ 34823 6792 35 " " '' 34823 6792 36 type type NN 34823 6792 37 , , , 34823 6792 38 the the DT 34823 6792 39 former former JJ 34823 6792 40 represented represent VBD 34823 6792 41 in in IN 34823 6792 42 a a DT 34823 6792 43 set set NN 34823 6792 44 of of IN 34823 6792 45 static static JJ 34823 6792 46 price price NN 34823 6792 47 - - HYPH 34823 6792 48 ratios ratio NNS 34823 6792 49 , , , 34823 6792 50 the the DT 34823 6792 51 latter latter JJ 34823 6792 52 in in IN 34823 6792 53 a a DT 34823 6792 54 set set NN 34823 6792 55 of of IN 34823 6792 56 dynamic dynamic JJ 34823 6792 57 " " '' 34823 6792 58 powers power NNS 34823 6792 59 , , , 34823 6792 60 " " '' 34823 6792 61 conceived conceive VBN 34823 6792 62 of of RB 34823 6792 63 , , , 34823 6792 64 not not RB 34823 6792 65 as as IN 34823 6792 66 sums sum NNS 34823 6792 67 of of IN 34823 6792 68 money money NN 34823 6792 69 ( ( -LRB- 34823 6792 70 even even RB 34823 6792 71 though though IN 34823 6792 72 expressed express VBN 34823 6792 73 in in IN 34823 6792 74 money money NN 34823 6792 75 - - HYPH 34823 6792 76 terms term NNS 34823 6792 77 ) ) -RRB- 34823 6792 78 , , , 34823 6792 79 but but CC 34823 6792 80 as as IN 34823 6792 81 " " `` 34823 6792 82 abstract abstract JJ 34823 6792 83 power power NN 34823 6792 84 , , , 34823 6792 85 " " '' 34823 6792 86 which which WDT 34823 6792 87 grows grow VBZ 34823 6792 88 , , , 34823 6792 89 not not RB 34823 6792 90 merely merely RB 34823 6792 91 out out IN 34823 6792 92 of of IN 34823 6792 93 the the DT 34823 6792 94 individual individual JJ 34823 6792 95 psychologies psychology NNS 34823 6792 96 of of IN 34823 6792 97 the the DT 34823 6792 98 entrepreneurs entrepreneur NNS 34823 6792 99 , , , 34823 6792 100 but but CC 34823 6792 101 also also RB 34823 6792 102 , , , 34823 6792 103 and and CC 34823 6792 104 primarily primarily RB 34823 6792 105 , , , 34823 6792 106 out out IN 34823 6792 107 of of IN 34823 6792 108 the the DT 34823 6792 109 social social JJ 34823 6792 110 influence influence NN 34823 6792 111 centered center VBN 34823 6792 112 in in IN 34823 6792 113 the the DT 34823 6792 114 banker banker NN 34823 6792 115 . . . 34823 6793 1 This this DT 34823 6793 2 power power NN 34823 6793 3 which which WDT 34823 6793 4 the the DT 34823 6793 5 banker banker NN 34823 6793 6 to to IN 34823 6793 7 - - HYPH 34823 6793 8 day day NN 34823 6793 9 supplies supply NNS 34823 6793 10 was be VBD 34823 6793 11 in in IN 34823 6793 12 earlier early JJR 34823 6793 13 periods period NNS 34823 6793 14 supplied supply VBN 34823 6793 15 by by IN 34823 6793 16 the the DT 34823 6793 17 political political JJ 34823 6793 18 power power NN 34823 6793 19 of of IN 34823 6793 20 the the DT 34823 6793 21 despot despot NN 34823 6793 22 , , , 34823 6793 23 and and CC 34823 6793 24 is be VBZ 34823 6793 25 distinctly distinctly RB 34823 6793 26 a a DT 34823 6793 27 matter matter NN 34823 6793 28 of of IN 34823 6793 29 social social JJ 34823 6793 30 organization organization NN 34823 6793 31 , , , 34823 6793 32 and and CC 34823 6793 33 social social JJ 34823 6793 34 control control NN 34823 6793 35 , , , 34823 6793 36 an an DT 34823 6793 37 over over IN 34823 6793 38 - - HYPH 34823 6793 39 individual individual JJ 34823 6793 40 , , , 34823 6793 41 social social JJ 34823 6793 42 phenomenon phenomenon NN 34823 6793 43 , , , 34823 6793 44 analogous analogous JJ 34823 6793 45 to to IN 34823 6793 46 the the DT 34823 6793 47 " " `` 34823 6793 48 social social JJ 34823 6793 49 value value NN 34823 6793 50 " " '' 34823 6793 51 which which WDT 34823 6793 52 I -PRON- PRP 34823 6793 53 have have VBP 34823 6793 54 sought seek VBN 34823 6793 55 to to TO 34823 6793 56 put put VB 34823 6793 57 behind behind RP 34823 6793 58 all all DT 34823 6793 59 prices price NNS 34823 6793 60 , , , 34823 6793 61 whether whether IN 34823 6793 62 " " `` 34823 6793 63 static static JJ 34823 6793 64 " " '' 34823 6793 65 or or CC 34823 6793 66 " " `` 34823 6793 67 dynamic dynamic JJ 34823 6793 68 . . . 34823 6793 69 " " '' 34823 6794 1 The the DT 34823 6794 2 dynamic dynamic JJ 34823 6794 3 man man NN 34823 6794 4 needs need VBZ 34823 6794 5 " " `` 34823 6794 6 power power NN 34823 6794 7 , , , 34823 6794 8 " " '' 34823 6794 9 either either CC 34823 6794 10 political political JJ 34823 6794 11 or or CC 34823 6794 12 financial financial JJ 34823 6794 13 , , , 34823 6794 14 to to TO 34823 6794 15 " " `` 34823 6794 16 force force VB 34823 6794 17 " " '' 34823 6794 18 the the DT 34823 6794 19 " " `` 34823 6794 20 static static JJ 34823 6794 21 " " '' 34823 6794 22 men man NNS 34823 6794 23 out out IN 34823 6794 24 of of IN 34823 6794 25 their -PRON- PRP$ 34823 6794 26 accustomed accustomed JJ 34823 6794 27 ways way NNS 34823 6794 28 of of IN 34823 6794 29 activity activity NN 34823 6794 30 . . . 34823 6795 1 They -PRON- PRP 34823 6795 2 fear fear VBP 34823 6795 3 and and CC 34823 6795 4 resist resist VBP 34823 6795 5 him -PRON- PRP 34823 6795 6 . . . 34823 6796 1 He -PRON- PRP 34823 6796 2 must must MD 34823 6796 3 coerce coerce VB 34823 6796 4 them -PRON- PRP 34823 6796 5 . . . 34823 6797 1 The the DT 34823 6797 2 contrast contrast NN 34823 6797 3 is be VBZ 34823 6797 4 thus thus RB 34823 6797 5 sharply sharply RB 34823 6797 6 made make VBN 34823 6797 7 between between IN 34823 6797 8 abstract abstract JJ 34823 6797 9 price price NN 34823 6797 10 - - HYPH 34823 6797 11 ratios ratio NNS 34823 6797 12 , , , 34823 6797 13 resting rest VBG 34823 6797 14 on on IN 34823 6797 15 individual individual JJ 34823 6797 16 feeling feeling NN 34823 6797 17 - - HYPH 34823 6797 18 scales scale NNS 34823 6797 19 , , , 34823 6797 20 and and CC 34823 6797 21 quantitative quantitative JJ 34823 6797 22 " " '' 34823 6797 23 powers power NNS 34823 6797 24 , , , 34823 6797 25 " " '' 34823 6797 26 measured measure VBN 34823 6797 27 in in IN 34823 6797 28 money money NN 34823 6797 29 , , , 34823 6797 30 resting rest VBG 34823 6797 31 on on IN 34823 6797 32 a a DT 34823 6797 33 social social JJ 34823 6797 34 basis basis NN 34823 6797 35 . . . 34823 6798 1 Between between IN 34823 6798 2 the the DT 34823 6798 3 factors factor NNS 34823 6798 4 underlying underlie VBG 34823 6798 5 static static JJ 34823 6798 6 prices price NNS 34823 6798 7 , , , 34823 6798 8 and and CC 34823 6798 9 those those DT 34823 6798 10 underlying underlying JJ 34823 6798 11 dynamic dynamic JJ 34823 6798 12 prices price NNS 34823 6798 13 there there RB 34823 6798 14 is be VBZ 34823 6798 15 , , , 34823 6798 16 thus thus RB 34823 6798 17 , , , 34823 6798 18 nothing nothing NN 34823 6798 19 in in IN 34823 6798 20 common common JJ 34823 6798 21 . . . 34823 6799 1 Statics static NNS 34823 6799 2 and and CC 34823 6799 3 dynamics dynamic NNS 34823 6799 4 are be VBP 34823 6799 5 concerned concern VBN 34823 6799 6 with with IN 34823 6799 7 fundamentally fundamentally RB 34823 6799 8 different different JJ 34823 6799 9 phenomena phenomenon NNS 34823 6799 10 . . . 34823 6800 1 [ [ -LRB- 34823 6800 2 595 595 CD 34823 6800 3 ] ] -RRB- 34823 6800 4 If if IN 34823 6800 5 my -PRON- PRP$ 34823 6800 6 criticisms criticism NNS 34823 6800 7 of of IN 34823 6800 8 the the DT 34823 6800 9 utility utility NN 34823 6800 10 theory theory NN 34823 6800 11 of of IN 34823 6800 12 value value NN 34823 6800 13 are be VBP 34823 6800 14 sound sound JJ 34823 6800 15 , , , 34823 6800 16 and and CC 34823 6800 17 if if IN 34823 6800 18 what what WP 34823 6800 19 has have VBZ 34823 6800 20 gone go VBN 34823 6800 21 before before RB 34823 6800 22 in in IN 34823 6800 23 this this DT 34823 6800 24 chapter chapter NN 34823 6800 25 holds hold VBZ 34823 6800 26 good good JJ 34823 6800 27 , , , 34823 6800 28 we -PRON- PRP 34823 6800 29 must must MD 34823 6800 30 restate restate VB 34823 6800 31 Schumpeter Schumpeter NNP 34823 6800 32 's 's POS 34823 6800 33 contrast contrast NN 34823 6800 34 . . . 34823 6801 1 [ [ -LRB- 34823 6801 2 596 596 CD 34823 6801 3 ] ] -RRB- 34823 6801 4 The the DT 34823 6801 5 static static JJ 34823 6801 6 tendencies tendency NNS 34823 6801 7 do do VBP 34823 6801 8 not not RB 34823 6801 9 rest rest VB 34823 6801 10 on on IN 34823 6801 11 any any DT 34823 6801 12 peculiarities peculiarity NNS 34823 6801 13 of of IN 34823 6801 14 the the DT 34823 6801 15 psychological psychological JJ 34823 6801 16 " " `` 34823 6801 17 stuff stuff NN 34823 6801 18 " " '' 34823 6801 19 from from IN 34823 6801 20 which which WDT 34823 6801 21 static static JJ 34823 6801 22 values value NNS 34823 6801 23 are be VBP 34823 6801 24 derived derive VBN 34823 6801 25 . . . 34823 6802 1 They -PRON- PRP 34823 6802 2 rest rest VBP 34823 6802 3 rather rather RB 34823 6802 4 in in IN 34823 6802 5 the the DT 34823 6802 6 universal universal JJ 34823 6802 7 tendencies tendency NNS 34823 6802 8 of of IN 34823 6802 9 all all DT 34823 6802 10 values value NNS 34823 6802 11 , , , 34823 6802 12 whatever whatever WDT 34823 6802 13 the the DT 34823 6802 14 psychological psychological JJ 34823 6802 15 factors factor NNS 34823 6802 16 behind behind IN 34823 6802 17 them -PRON- PRP 34823 6802 18 , , , 34823 6802 19 to to TO 34823 6802 20 come come VB 34823 6802 21 to to IN 34823 6802 22 an an DT 34823 6802 23 equilibrium equilibrium NN 34823 6802 24 . . . 34823 6803 1 The the DT 34823 6803 2 reason reason NN 34823 6803 3 that that WDT 34823 6803 4 values value VBZ 34823 6803 5 , , , 34823 6803 6 whether whether IN 34823 6803 7 they -PRON- PRP 34823 6803 8 be be VBP 34823 6803 9 the the DT 34823 6803 10 values value NNS 34823 6803 11 of of IN 34823 6803 12 new new JJ 34823 6803 13 and and CC 34823 6803 14 novel novel JJ 34823 6803 15 things thing NNS 34823 6803 16 , , , 34823 6803 17 or or CC 34823 6803 18 the the DT 34823 6803 19 values value NNS 34823 6803 20 of of IN 34823 6803 21 old old JJ 34823 6803 22 and and CC 34823 6803 23 familiar familiar JJ 34823 6803 24 things thing NNS 34823 6803 25 , , , 34823 6803 26 tend tend VBP 34823 6803 27 to to TO 34823 6803 28 come come VB 34823 6803 29 to to IN 34823 6803 30 an an DT 34823 6803 31 equilibrium equilibrium NN 34823 6803 32 is be VBZ 34823 6803 33 that that IN 34823 6803 34 gains gain NNS 34823 6803 35 come come VBP 34823 6803 36 from from IN 34823 6803 37 equilibrating equilibrate VBG 34823 6803 38 them -PRON- PRP 34823 6803 39 . . . 34823 6804 1 When when WRB 34823 6804 2 some some DT 34823 6804 3 values value NNS 34823 6804 4 are be VBP 34823 6804 5 too too RB 34823 6804 6 low low JJ 34823 6804 7 , , , 34823 6804 8 and and CC 34823 6804 9 some some DT 34823 6804 10 are be VBP 34823 6804 11 too too RB 34823 6804 12 high high JJ 34823 6804 13 , , , 34823 6804 14 the the DT 34823 6804 15 opportunities opportunity NNS 34823 6804 16 for for IN 34823 6804 17 speculative speculative JJ 34823 6804 18 gain gain NN 34823 6804 19 are be VBP 34823 6804 20 evident evident JJ 34823 6804 21 . . . 34823 6805 1 Arbitraging arbitrage VBG 34823 6805 2 transactions transaction NNS 34823 6805 3 , , , 34823 6805 4 as as IN 34823 6805 5 between between IN 34823 6805 6 different different JJ 34823 6805 7 places place NNS 34823 6805 8 , , , 34823 6805 9 time time NN 34823 6805 10 - - HYPH 34823 6805 11 speculation speculation NN 34823 6805 12 , , , 34823 6805 13 transferring transfer VBG 34823 6805 14 labor labor NN 34823 6805 15 and and CC 34823 6805 16 capital capital NN 34823 6805 17 from from IN 34823 6805 18 one one CD 34823 6805 19 enterprise enterprise NN 34823 6805 20 to to IN 34823 6805 21 another another DT 34823 6805 22 , , , 34823 6805 23 increasing increase VBG 34823 6805 24 the the DT 34823 6805 25 supplies supply NNS 34823 6805 26 of of IN 34823 6805 27 some some DT 34823 6805 28 goods good NNS 34823 6805 29 and and CC 34823 6805 30 reducing reduce VBG 34823 6805 31 the the DT 34823 6805 32 supplies supply NNS 34823 6805 33 of of IN 34823 6805 34 other other JJ 34823 6805 35 , , , 34823 6805 36 changing change VBG 34823 6805 37 land land NN 34823 6805 38 from from IN 34823 6805 39 wheat wheat NN 34823 6805 40 to to IN 34823 6805 41 corn corn NN 34823 6805 42 , , , 34823 6805 43 etc etc FW 34823 6805 44 . . FW 34823 6805 45 , , , 34823 6805 46 etc etc FW 34823 6805 47 . . . 34823 6805 48 ,--all ,--all VB 34823 6805 49 these these DT 34823 6805 50 things thing NNS 34823 6805 51 are be VBP 34823 6805 52 sources source NNS 34823 6805 53 of of IN 34823 6805 54 gain gain NN 34823 6805 55 , , , 34823 6805 56 and and CC 34823 6805 57 they -PRON- PRP 34823 6805 58 will will MD 34823 6805 59 be be VB 34823 6805 60 done do VBN 34823 6805 61 , , , 34823 6805 62 whatever whatever WDT 34823 6805 63 the the DT 34823 6805 64 origin origin NN 34823 6805 65 of of IN 34823 6805 66 the the DT 34823 6805 67 values value NNS 34823 6805 68 involved involve VBN 34823 6805 69 . . . 34823 6806 1 The the DT 34823 6806 2 new new JJ 34823 6806 3 , , , 34823 6806 4 dynamic dynamic JJ 34823 6806 5 enterprise enterprise NN 34823 6806 6 , , , 34823 6806 7 before before IN 34823 6806 8 it -PRON- PRP 34823 6806 9 becomes become VBZ 34823 6806 10 actualized actualize VBN 34823 6806 11 in in IN 34823 6806 12 concrete concrete JJ 34823 6806 13 machinery machinery NN 34823 6806 14 , , , 34823 6806 15 factory factory NN 34823 6806 16 building building NN 34823 6806 17 , , , 34823 6806 18 etc etc FW 34823 6806 19 . . FW 34823 6806 20 , , , 34823 6806 21 and and CC 34823 6806 22 long long RB 34823 6806 23 before before IN 34823 6806 24 its -PRON- PRP$ 34823 6806 25 income income NN 34823 6806 26 is be VBZ 34823 6806 27 actualized actualize VBN 34823 6806 28 in in IN 34823 6806 29 money money NN 34823 6806 30 - - HYPH 34823 6806 31 receipts receipt NNS 34823 6806 32 from from IN 34823 6806 33 the the DT 34823 6806 34 goods good NNS 34823 6806 35 it -PRON- PRP 34823 6806 36 is be VBZ 34823 6806 37 destined destine VBN 34823 6806 38 to to TO 34823 6806 39 produce produce VB 34823 6806 40 , , , 34823 6806 41 becomes become VBZ 34823 6806 42 an an DT 34823 6806 43 _ _ NNP 34823 6806 44 object object NN 34823 6806 45 of of IN 34823 6806 46 value value NN 34823 6806 47 _ _ NNP 34823 6806 48 . . . 34823 6807 1 The the DT 34823 6807 2 value value NN 34823 6807 3 is be VBZ 34823 6807 4 a a DT 34823 6807 5 _ _ NNP 34823 6807 6 future future NN 34823 6807 7 _ _ NNP 34823 6807 8 value value NN 34823 6807 9 . . . 34823 6808 1 But but CC 34823 6808 2 it -PRON- PRP 34823 6808 3 comes come VBZ 34823 6808 4 into into IN 34823 6808 5 the the DT 34823 6808 6 present present NN 34823 6808 7 as as IN 34823 6808 8 a a DT 34823 6808 9 discounted discount VBN 34823 6808 10 present present JJ 34823 6808 11 worth worth NN 34823 6808 12 . . . 34823 6809 1 As as IN 34823 6809 2 such such JJ 34823 6809 3 it -PRON- PRP 34823 6809 4 functions function VBZ 34823 6809 5 like like IN 34823 6809 6 any any DT 34823 6809 7 other other JJ 34823 6809 8 value value NN 34823 6809 9 , , , 34823 6809 10 tending tend VBG 34823 6809 11 to to TO 34823 6809 12 attract attract VB 34823 6809 13 in in IN 34823 6809 14 its -PRON- PRP$ 34823 6809 15 own own JJ 34823 6809 16 direction direction NN 34823 6809 17 the the DT 34823 6809 18 land land NN 34823 6809 19 , , , 34823 6809 20 labor labor NN 34823 6809 21 and and CC 34823 6809 22 capital capital NN 34823 6809 23 necessary necessary JJ 34823 6809 24 for for IN 34823 6809 25 its -PRON- PRP$ 34823 6809 26 realization realization NN 34823 6809 27 . . . 34823 6810 1 It -PRON- PRP 34823 6810 2 does do VBZ 34823 6810 3 not not RB 34823 6810 4 differ differ VB 34823 6810 5 in in IN 34823 6810 6 its -PRON- PRP$ 34823 6810 7 functioning functioning NN 34823 6810 8 from from IN 34823 6810 9 the the DT 34823 6810 10 present present JJ 34823 6810 11 worths worth NNS 34823 6810 12 of of IN 34823 6810 13 future future JJ 34823 6810 14 goods good NNS 34823 6810 15 of of IN 34823 6810 16 familiar familiar JJ 34823 6810 17 sorts sort NNS 34823 6810 18 . . . 34823 6811 1 [ [ -LRB- 34823 6811 2 597 597 CD 34823 6811 3 ] ] -RRB- 34823 6811 4 It -PRON- PRP 34823 6811 5 tends tend VBZ 34823 6811 6 , , , 34823 6811 7 after after IN 34823 6811 8 a a DT 34823 6811 9 process process NN 34823 6811 10 of of IN 34823 6811 11 reëquilibration reëquilibration NN 34823 6811 12 -- -- : 34823 6811 13 which which WDT 34823 6811 14 Schumpeter Schumpeter NNP 34823 6811 15 , , , 34823 6811 16 with with IN 34823 6811 17 his -PRON- PRP$ 34823 6811 18 theory theory NN 34823 6811 19 of of IN 34823 6811 20 crises crisis NNS 34823 6811 21 , , , 34823 6811 22 has have VBZ 34823 6811 23 done do VBN 34823 6811 24 much much JJ 34823 6811 25 to to TO 34823 6811 26 elucidate elucidate VB 34823 6811 27 -- -- : 34823 6811 28 to to TO 34823 6811 29 come come VB 34823 6811 30 into into IN 34823 6811 31 equilibrium equilibrium NN 34823 6811 32 with with IN 34823 6811 33 the the DT 34823 6811 34 older old JJR 34823 6811 35 , , , 34823 6811 36 " " `` 34823 6811 37 static static JJ 34823 6811 38 " " '' 34823 6811 39 values value NNS 34823 6811 40 , , , 34823 6811 41 becomes become VBZ 34823 6811 42 itself -PRON- PRP 34823 6811 43 a a DT 34823 6811 44 static static JJ 34823 6811 45 value value NN 34823 6811 46 . . . 34823 6812 1 Indeed indeed RB 34823 6812 2 , , , 34823 6812 3 from from IN 34823 6812 4 its -PRON- PRP$ 34823 6812 5 inception inception NN 34823 6812 6 , , , 34823 6812 7 it -PRON- PRP 34823 6812 8 comes come VBZ 34823 6812 9 under under IN 34823 6812 10 the the DT 34823 6812 11 static static JJ 34823 6812 12 , , , 34823 6812 13 money money NN 34823 6812 14 measure measure NN 34823 6812 15 . . . 34823 6813 1 It -PRON- PRP 34823 6813 2 enters enter VBZ 34823 6813 3 at at IN 34823 6813 4 once once RB 34823 6813 5 into into IN 34823 6813 6 the the DT 34823 6813 7 scheme scheme NN 34823 6813 8 of of IN 34823 6813 9 static static JJ 34823 6813 10 values value NNS 34823 6813 11 and and CC 34823 6813 12 prices price NNS 34823 6813 13 , , , 34823 6813 14 even even RB 34823 6813 15 though though IN 34823 6813 16 it -PRON- PRP 34823 6813 17 causes cause VBZ 34823 6813 18 readjustment readjustment NN 34823 6813 19 there there RB 34823 6813 20 . . . 34823 6814 1 The the DT 34823 6814 2 preëxisting preëxisting JJ 34823 6814 3 static static JJ 34823 6814 4 values value NNS 34823 6814 5 are be VBP 34823 6814 6 themselves -PRON- PRP 34823 6814 7 to to TO 34823 6814 8 be be VB 34823 6814 9 explained explain VBN 34823 6814 10 , , , 34823 6814 11 not not RB 34823 6814 12 as as RB 34823 6814 13 growing grow VBG 34823 6814 14 out out IN 34823 6814 15 of of IN 34823 6814 16 individual individual JJ 34823 6814 17 feeling feeling NN 34823 6814 18 - - HYPH 34823 6814 19 scales scale NNS 34823 6814 20 , , , 34823 6814 21 but but CC 34823 6814 22 as as IN 34823 6814 23 growing grow VBG 34823 6814 24 out out IN 34823 6814 25 of of IN 34823 6814 26 a a DT 34823 6814 27 complex complex JJ 34823 6814 28 social social JJ 34823 6814 29 psychology psychology NN 34823 6814 30 , , , 34823 6814 31 in in IN 34823 6814 32 which which WDT 34823 6814 33 some some DT 34823 6814 34 men man NNS 34823 6814 35 and and CC 34823 6814 36 groups group NNS 34823 6814 37 of of IN 34823 6814 38 men man NNS 34823 6814 39 have have VBP 34823 6814 40 vastly vastly RB 34823 6814 41 greater great JJR 34823 6814 42 social social JJ 34823 6814 43 " " `` 34823 6814 44 power power NN 34823 6814 45 " " '' 34823 6814 46 than than IN 34823 6814 47 others other NNS 34823 6814 48 . . . 34823 6815 1 The the DT 34823 6815 2 preëxisting preëxisting JJ 34823 6815 3 static static JJ 34823 6815 4 values value NNS 34823 6815 5 are be VBP 34823 6815 6 of of IN 34823 6815 7 the the DT 34823 6815 8 same same JJ 34823 6815 9 stuff stuff NN 34823 6815 10 as as IN 34823 6815 11 the the DT 34823 6815 12 dynamic dynamic JJ 34823 6815 13 values value NNS 34823 6815 14 . . . 34823 6816 1 But but CC 34823 6816 2 this this DT 34823 6816 3 has have VBZ 34823 6816 4 already already RB 34823 6816 5 been be VBN 34823 6816 6 made make VBN 34823 6816 7 clear clear JJ 34823 6816 8 . . . 34823 6817 1 * * NFP 34823 6817 2 * * NFP 34823 6817 3 * * NFP 34823 6817 4 * * NFP 34823 6817 5 * * NFP 34823 6817 6 The the DT 34823 6817 7 possibility possibility NN 34823 6817 8 of of IN 34823 6817 9 presenting present VBG 34823 6817 10 an an DT 34823 6817 11 equilibrium equilibrium NN 34823 6817 12 picture picture NN 34823 6817 13 of of IN 34823 6817 14 social social JJ 34823 6817 15 forces force NNS 34823 6817 16 , , , 34823 6817 17 to to IN 34823 6817 18 the the DT 34823 6817 19 extent extent NN 34823 6817 20 that that IN 34823 6817 21 those those DT 34823 6817 22 social social JJ 34823 6817 23 forces force NNS 34823 6817 24 submit submit VBP 34823 6817 25 themselves -PRON- PRP 34823 6817 26 to to IN 34823 6817 27 the the DT 34823 6817 28 money money NN 34823 6817 29 measure measure NN 34823 6817 30 , , , 34823 6817 31 the the DT 34823 6817 32 possibility possibility NN 34823 6817 33 of of IN 34823 6817 34 applying apply VBG 34823 6817 35 the the DT 34823 6817 36 methods method NNS 34823 6817 37 of of IN 34823 6817 38 static static JJ 34823 6817 39 price price NN 34823 6817 40 - - HYPH 34823 6817 41 theory theory NN 34823 6817 42 wherever wherever WRB 34823 6817 43 pecuniary pecuniary JJ 34823 6817 44 concepts concept NNS 34823 6817 45 may may MD 34823 6817 46 be be VB 34823 6817 47 carried carry VBN 34823 6817 48 , , , 34823 6817 49 does do VBZ 34823 6817 50 not not RB 34823 6817 51 exhaust exhaust VB 34823 6817 52 the the DT 34823 6817 53 possibilities possibility NNS 34823 6817 54 of of IN 34823 6817 55 the the DT 34823 6817 56 static static JJ 34823 6817 57 notion notion NN 34823 6817 58 , , , 34823 6817 59 at at IN 34823 6817 60 least least JJS 34823 6817 61 as as IN 34823 6817 62 a a DT 34823 6817 63 schematic schematic JJ 34823 6817 64 device device NN 34823 6817 65 . . . 34823 6818 1 There there EX 34823 6818 2 are be VBP 34823 6818 3 many many JJ 34823 6818 4 social social JJ 34823 6818 5 values value NNS 34823 6818 6 , , , 34823 6818 7 particularly particularly RB 34823 6818 8 in in IN 34823 6818 9 the the DT 34823 6818 10 legal legal JJ 34823 6818 11 and and CC 34823 6818 12 moral moral JJ 34823 6818 13 sphere sphere NN 34823 6818 14 , , , 34823 6818 15 which which WDT 34823 6818 16 do do VBP 34823 6818 17 not not RB 34823 6818 18 readily readily RB 34823 6818 19 come come VB 34823 6818 20 under under IN 34823 6818 21 the the DT 34823 6818 22 money money NN 34823 6818 23 measure measure NN 34823 6818 24 , , , 34823 6818 25 and and CC 34823 6818 26 where where WRB 34823 6818 27 such such JJ 34823 6818 28 measurements measurement NNS 34823 6818 29 as as IN 34823 6818 30 may may MD 34823 6818 31 be be VB 34823 6818 32 made make VBN 34823 6818 33 in in IN 34823 6818 34 money money NN 34823 6818 35 terms term NNS 34823 6818 36 seem seem VBP 34823 6818 37 obviously obviously RB 34823 6818 38 inadequate inadequate JJ 34823 6818 39 . . . 34823 6819 1 Of of IN 34823 6819 2 these these DT 34823 6819 3 values value NNS 34823 6819 4 , , , 34823 6819 5 as as IN 34823 6819 6 of of IN 34823 6819 7 all all DT 34823 6819 8 values value NNS 34823 6819 9 , , , 34823 6819 10 however however RB 34823 6819 11 , , , 34823 6819 12 the the DT 34823 6819 13 law law NN 34823 6819 14 of of IN 34823 6819 15 equilibration equilibration NN 34823 6819 16 holds hold VBZ 34823 6819 17 . . . 34823 6820 1 _ _ NNP 34823 6820 2 All all DT 34823 6820 3 _ _ NNP 34823 6820 4 tend tend VBP 34823 6820 5 to to TO 34823 6820 6 come come VB 34823 6820 7 into into IN 34823 6820 8 adjustment adjustment NN 34823 6820 9 of of IN 34823 6820 10 a a DT 34823 6820 11 sort sort NN 34823 6820 12 that that WDT 34823 6820 13 will will MD 34823 6820 14 allow allow VB 34823 6820 15 the the DT 34823 6820 16 maximum maximum NN 34823 6820 17 of of IN 34823 6820 18 values value NNS 34823 6820 19 to to TO 34823 6820 20 be be VB 34823 6820 21 realized realize VBN 34823 6820 22 . . . 34823 6821 1 Something something NN 34823 6821 2 of of IN 34823 6821 3 the the DT 34823 6821 4 exactness exactness NN 34823 6821 5 of of IN 34823 6821 6 the the DT 34823 6821 7 static static JJ 34823 6821 8 method method NN 34823 6821 9 has have VBZ 34823 6821 10 recently recently RB 34823 6821 11 appeared appear VBN 34823 6821 12 in in IN 34823 6821 13 a a DT 34823 6821 14 decision decision NN 34823 6821 15 by by IN 34823 6821 16 a a DT 34823 6821 17 famous famous JJ 34823 6821 18 jurist jurist NN 34823 6821 19 , , , 34823 6821 20 confronted confront VBN 34823 6821 21 with with IN 34823 6821 22 the the DT 34823 6821 23 fact fact NN 34823 6821 24 of of IN 34823 6821 25 the the DT 34823 6821 26 conflict conflict NN 34823 6821 27 of of IN 34823 6821 28 two two CD 34823 6821 29 legal legal JJ 34823 6821 30 principles principle NNS 34823 6821 31 . . . 34823 6822 1 Most Most JJS 34823 6822 2 judges judge NNS 34823 6822 3 would would MD 34823 6822 4 go go VB 34823 6822 5 on on IN 34823 6822 6 the the DT 34823 6822 7 legal legal JJ 34823 6822 8 theory theory NN 34823 6822 9 that that IN 34823 6822 10 there there EX 34823 6822 11 can can MD 34823 6822 12 be be VB 34823 6822 13 no no DT 34823 6822 14 conflict conflict NN 34823 6822 15 in in IN 34823 6822 16 the the DT 34823 6822 17 laws law NNS 34823 6822 18 of of IN 34823 6822 19 a a DT 34823 6822 20 single single JJ 34823 6822 21 sovereign sovereign NN 34823 6822 22 . . . 34823 6823 1 Of of RB 34823 6823 2 course course RB 34823 6823 3 , , , 34823 6823 4 we -PRON- PRP 34823 6823 5 have have VBP 34823 6823 6 courses course NNS 34823 6823 7 in in IN 34823 6823 8 " " `` 34823 6823 9 Conflicts Conflicts NNPS 34823 6823 10 of of IN 34823 6823 11 Laws Laws NNPS 34823 6823 12 " " '' 34823 6823 13 in in IN 34823 6823 14 our -PRON- PRP$ 34823 6823 15 law law NN 34823 6823 16 schools school NNS 34823 6823 17 , , , 34823 6823 18 but but CC 34823 6823 19 the the DT 34823 6823 20 subjects subject NNS 34823 6823 21 treated treat VBN 34823 6823 22 in in IN 34823 6823 23 such such JJ 34823 6823 24 courses course NNS 34823 6823 25 relate relate VBP 34823 6823 26 to to IN 34823 6823 27 conflicts conflict NNS 34823 6823 28 , , , 34823 6823 29 say say VB 34823 6823 30 , , , 34823 6823 31 between between IN 34823 6823 32 the the DT 34823 6823 33 laws law NNS 34823 6823 34 of of IN 34823 6823 35 New New NNP 34823 6823 36 York York NNP 34823 6823 37 and and CC 34823 6823 38 the the DT 34823 6823 39 laws law NNS 34823 6823 40 of of IN 34823 6823 41 New New NNP 34823 6823 42 Jersey Jersey NNP 34823 6823 43 . . . 34823 6824 1 When when WRB 34823 6824 2 a a DT 34823 6824 3 judge judge NN 34823 6824 4 is be VBZ 34823 6824 5 presented present VBN 34823 6824 6 with with IN 34823 6824 7 a a DT 34823 6824 8 case case NN 34823 6824 9 of of IN 34823 6824 10 conflict conflict NN 34823 6824 11 between between IN 34823 6824 12 two two CD 34823 6824 13 laws law NNS 34823 6824 14 of of IN 34823 6824 15 New New NNP 34823 6824 16 York York NNP 34823 6824 17 , , , 34823 6824 18 he -PRON- PRP 34823 6824 19 will will MD 34823 6824 20 commonly commonly RB 34823 6824 21 feel feel VB 34823 6824 22 it -PRON- PRP 34823 6824 23 to to TO 34823 6824 24 be be VB 34823 6824 25 his -PRON- PRP$ 34823 6824 26 duty duty NN 34823 6824 27 to to TO 34823 6824 28 " " `` 34823 6824 29 remove remove VB 34823 6824 30 " " '' 34823 6824 31 the the DT 34823 6824 32 conflict conflict NN 34823 6824 33 , , , 34823 6824 34 by by IN 34823 6824 35 making make VBG 34823 6824 36 distinctions distinction NNS 34823 6824 37 , , , 34823 6824 38 till till IN 34823 6824 39 the the DT 34823 6824 40 conflict conflict NN 34823 6824 41 is be VBZ 34823 6824 42 whittled whittle VBN 34823 6824 43 away away RB 34823 6824 44 . . . 34823 6825 1 Not not RB 34823 6825 2 a a DT 34823 6825 3 little little JJ 34823 6825 4 bad bad JJ 34823 6825 5 law law NN 34823 6825 6 has have VBZ 34823 6825 7 thus thus RB 34823 6825 8 originated originate VBN 34823 6825 9 ! ! . 34823 6826 1 The the DT 34823 6826 2 law law NN 34823 6826 3 is be VBZ 34823 6826 4 " " `` 34823 6826 5 absolute absolute JJ 34823 6826 6 . . . 34823 6826 7 " " '' 34823 6827 1 It -PRON- PRP 34823 6827 2 knows know VBZ 34823 6827 3 no no DT 34823 6827 4 exceptions exception NNS 34823 6827 5 . . . 34823 6828 1 It -PRON- PRP 34823 6828 2 does do VBZ 34823 6828 3 not not RB 34823 6828 4 obey obey VB 34823 6828 5 the the DT 34823 6828 6 law law NN 34823 6828 7 of of IN 34823 6828 8 diminishing diminish VBG 34823 6828 9 significance significance NN 34823 6828 10 . . . 34823 6829 1 Of of RB 34823 6829 2 course course RB 34823 6829 3 , , , 34823 6829 4 " " '' 34823 6829 5 _ _ NNP 34823 6829 6 de de NNP 34823 6829 7 minimis minimis NNP 34823 6829 8 non non AFX 34823 6829 9 curat curat NNP 34823 6829 10 lex lex NNP 34823 6829 11 _ _ NNP 34823 6829 12 , , , 34823 6829 13 " " '' 34823 6829 14 but but CC 34823 6829 15 that that DT 34823 6829 16 means mean VBZ 34823 6829 17 , , , 34823 6829 18 not not RB 34823 6829 19 that that IN 34823 6829 20 there there EX 34823 6829 21 is be VBZ 34823 6829 22 a a DT 34823 6829 23 delicate delicate JJ 34823 6829 24 margin margin NN 34823 6829 25 , , , 34823 6829 26 where where WRB 34823 6829 27 the the DT 34823 6829 28 law law NN 34823 6829 29 ceases cease VBZ 34823 6829 30 to to TO 34823 6829 31 apply apply VB 34823 6829 32 , , , 34823 6829 33 but but CC 34823 6829 34 merely merely RB 34823 6829 35 that that IN 34823 6829 36 the the DT 34823 6829 37 law law NN 34823 6829 38 disregards disregard VBZ 34823 6829 39 trifles trifle NNS 34823 6829 40 too too RB 34823 6829 41 insignificant insignificant JJ 34823 6829 42 to to TO 34823 6829 43 attract attract VB 34823 6829 44 its -PRON- PRP$ 34823 6829 45 attention attention NN 34823 6829 46 at at RB 34823 6829 47 all all RB 34823 6829 48 . . . 34823 6830 1 They -PRON- PRP 34823 6830 2 are be VBP 34823 6830 3 , , , 34823 6830 4 in in IN 34823 6830 5 mathematical mathematical JJ 34823 6830 6 phrase phrase NN 34823 6830 7 , , , 34823 6830 8 " " `` 34823 6830 9 infinitesimals infinitesimal NNS 34823 6830 10 of of IN 34823 6830 11 the the DT 34823 6830 12 second second JJ 34823 6830 13 order order NN 34823 6830 14 , , , 34823 6830 15 " " '' 34823 6830 16 discontinuous discontinuous JJ 34823 6830 17 with with IN 34823 6830 18 the the DT 34823 6830 19 interests interest NNS 34823 6830 20 of of IN 34823 6830 21 magnitude magnitude NN 34823 6830 22 great great JJ 34823 6830 23 enough enough RB 34823 6830 24 to to TO 34823 6830 25 attract attract VB 34823 6830 26 the the DT 34823 6830 27 attention attention NN 34823 6830 28 of of IN 34823 6830 29 the the DT 34823 6830 30 law law NN 34823 6830 31 . . . 34823 6831 1 There there EX 34823 6831 2 is be VBZ 34823 6831 3 little little JJ 34823 6831 4 room room NN 34823 6831 5 in in IN 34823 6831 6 such such PDT 34823 6831 7 a a DT 34823 6831 8 legal legal JJ 34823 6831 9 theory theory NN 34823 6831 10 for for IN 34823 6831 11 notions notion NNS 34823 6831 12 of of IN 34823 6831 13 the the DT 34823 6831 14 sort sort NN 34823 6831 15 discussed discuss VBN 34823 6831 16 in in IN 34823 6831 17 this this DT 34823 6831 18 chapter chapter NN 34823 6831 19 to to TO 34823 6831 20 find find VB 34823 6831 21 place place NN 34823 6831 22 ! ! . 34823 6832 1 But but CC 34823 6832 2 a a DT 34823 6832 3 different different JJ 34823 6832 4 theory theory NN 34823 6832 5 of of IN 34823 6832 6 the the DT 34823 6832 7 law law NN 34823 6832 8 is be VBZ 34823 6832 9 implied imply VBN 34823 6832 10 , , , 34823 6832 11 and and CC 34823 6832 12 partly partly RB 34823 6832 13 expressed express VBN 34823 6832 14 , , , 34823 6832 15 in in IN 34823 6832 16 a a DT 34823 6832 17 recent recent JJ 34823 6832 18 decision decision NN 34823 6832 19 by by IN 34823 6832 20 Mr. Mr. NNP 34823 6832 21 Justice Justice NNP 34823 6832 22 Holmes Holmes NNP 34823 6832 23 : : : 34823 6832 24 " " `` 34823 6832 25 All all DT 34823 6832 26 rights right NNS 34823 6832 27 tend tend VBP 34823 6832 28 to to TO 34823 6832 29 declare declare VB 34823 6832 30 themselves -PRON- PRP 34823 6832 31 absolute absolute JJ 34823 6832 32 to to IN 34823 6832 33 their -PRON- PRP$ 34823 6832 34 logical logical JJ 34823 6832 35 extreme extreme NN 34823 6832 36 . . . 34823 6833 1 Yet yet RB 34823 6833 2 all all DT 34823 6833 3 in in IN 34823 6833 4 fact fact NN 34823 6833 5 are be VBP 34823 6833 6 limited limit VBN 34823 6833 7 by by IN 34823 6833 8 the the DT 34823 6833 9 neighborhood neighborhood NN 34823 6833 10 of of IN 34823 6833 11 principles principle NNS 34823 6833 12 of of IN 34823 6833 13 policy policy NN 34823 6833 14 which which WDT 34823 6833 15 are be VBP 34823 6833 16 other other JJ 34823 6833 17 than than IN 34823 6833 18 those those DT 34823 6833 19 on on IN 34823 6833 20 which which WDT 34823 6833 21 the the DT 34823 6833 22 particular particular JJ 34823 6833 23 right right NN 34823 6833 24 is be VBZ 34823 6833 25 founded found VBN 34823 6833 26 , , , 34823 6833 27 and and CC 34823 6833 28 which which WDT 34823 6833 29 become become VBP 34823 6833 30 strong strong JJ 34823 6833 31 enough enough RB 34823 6833 32 to to TO 34823 6833 33 hold hold VB 34823 6833 34 their -PRON- PRP$ 34823 6833 35 own own JJ 34823 6833 36 when when WRB 34823 6833 37 a a DT 34823 6833 38 certain certain JJ 34823 6833 39 point point NN 34823 6833 40 is be VBZ 34823 6833 41 reached reach VBN 34823 6833 42 . . . 34823 6834 1 The the DT 34823 6834 2 limits limit NNS 34823 6834 3 set set VBN 34823 6834 4 to to IN 34823 6834 5 property property NN 34823 6834 6 by by IN 34823 6834 7 other other JJ 34823 6834 8 public public JJ 34823 6834 9 interests interest NNS 34823 6834 10 present present VBP 34823 6834 11 themselves -PRON- PRP 34823 6834 12 as as IN 34823 6834 13 a a DT 34823 6834 14 branch branch NN 34823 6834 15 of of IN 34823 6834 16 what what WP 34823 6834 17 is be VBZ 34823 6834 18 called call VBN 34823 6834 19 the the DT 34823 6834 20 police police NN 34823 6834 21 power power NN 34823 6834 22 of of IN 34823 6834 23 the the DT 34823 6834 24 State State NNP 34823 6834 25 . . . 34823 6835 1 The the DT 34823 6835 2 boundary boundary NN 34823 6835 3 at at IN 34823 6835 4 which which WDT 34823 6835 5 the the DT 34823 6835 6 conflicting conflict VBG 34823 6835 7 interests interest NNS 34823 6835 8 balance balance NN 34823 6835 9 can can MD 34823 6835 10 not not RB 34823 6835 11 be be VB 34823 6835 12 determined determine VBN 34823 6835 13 by by IN 34823 6835 14 any any DT 34823 6835 15 general general JJ 34823 6835 16 formula formula NN 34823 6835 17 in in IN 34823 6835 18 advance advance NN 34823 6835 19 , , , 34823 6835 20 but but CC 34823 6835 21 points point VBZ 34823 6835 22 along along IN 34823 6835 23 the the DT 34823 6835 24 line line NN 34823 6835 25 , , , 34823 6835 26 or or CC 34823 6835 27 helping help VBG 34823 6835 28 to to TO 34823 6835 29 establish establish VB 34823 6835 30 it -PRON- PRP 34823 6835 31 , , , 34823 6835 32 are be VBP 34823 6835 33 fixed fix VBN 34823 6835 34 by by IN 34823 6835 35 decisions decision NNS 34823 6835 36 that that WDT 34823 6835 37 this this DT 34823 6835 38 or or CC 34823 6835 39 that that IN 34823 6835 40 concrete concrete JJ 34823 6835 41 case case NN 34823 6835 42 falls fall VBZ 34823 6835 43 on on IN 34823 6835 44 the the DT 34823 6835 45 nearer nearer NN 34823 6835 46 or or CC 34823 6835 47 farther farth JJR 34823 6835 48 side side NN 34823 6835 49 .... .... . 34823 6836 1 It -PRON- PRP 34823 6836 2 constantly constantly RB 34823 6836 3 is be VBZ 34823 6836 4 necessary necessary JJ 34823 6836 5 to to TO 34823 6836 6 reconcile reconcile VB 34823 6836 7 and and CC 34823 6836 8 adjust adjust VB 34823 6836 9 different different JJ 34823 6836 10 constitutional constitutional JJ 34823 6836 11 principles principle NNS 34823 6836 12 , , , 34823 6836 13 each each DT 34823 6836 14 of of IN 34823 6836 15 which which WDT 34823 6836 16 would would MD 34823 6836 17 be be VB 34823 6836 18 entitled entitle VBN 34823 6836 19 to to IN 34823 6836 20 possession possession NN 34823 6836 21 of of IN 34823 6836 22 the the DT 34823 6836 23 disputed dispute VBN 34823 6836 24 ground ground NN 34823 6836 25 but but CC 34823 6836 26 for for IN 34823 6836 27 the the DT 34823 6836 28 presence presence NN 34823 6836 29 of of IN 34823 6836 30 the the DT 34823 6836 31 others other NNS 34823 6836 32 . . . 34823 6836 33 " " '' 34823 6837 1 ( ( -LRB- 34823 6837 2 Hudson Hudson NNP 34823 6837 3 County County NNP 34823 6837 4 Water Water NNP 34823 6837 5 Co. Co. NNP 34823 6837 6 vs. vs. IN 34823 6837 7 McCarter McCarter NNP 34823 6837 8 , , , 34823 6837 9 209 209 CD 34823 6837 10 U. U. NNP 34823 6837 11 S. S. NNP 34823 6837 12 , , , 34823 6837 13 349 349 CD 34823 6837 14 , , , 34823 6837 15 1908 1908 CD 34823 6837 16 . . . 34823 6837 17 ) ) -RRB- 34823 6838 1 Here here RB 34823 6838 2 we -PRON- PRP 34823 6838 3 have have VBP 34823 6838 4 a a DT 34823 6838 5 scheme scheme NN 34823 6838 6 very very RB 34823 6838 7 like like IN 34823 6838 8 that that DT 34823 6838 9 of of IN 34823 6838 10 static static JJ 34823 6838 11 economic economic JJ 34823 6838 12 theory theory NN 34823 6838 13 ! ! . 34823 6839 1 " " `` 34823 6839 2 The the DT 34823 6839 3 boundary boundary NN 34823 6839 4 at at IN 34823 6839 5 which which WDT 34823 6839 6 the the DT 34823 6839 7 conflicting conflict VBG 34823 6839 8 interests interest NNS 34823 6839 9 balance"--the balance"--the DT 34823 6839 10 _ _ NNP 34823 6839 11 margin margin NN 34823 6839 12 _ _ NNP 34823 6839 13 where where WRB 34823 6839 14 the the DT 34823 6839 15 curves curve NNS 34823 6839 16 of of IN 34823 6839 17 diminishing diminish VBG 34823 6839 18 value value NN 34823 6839 19 of of IN 34823 6839 20 the the DT 34823 6839 21 two two CD 34823 6839 22 legal legal JJ 34823 6839 23 principles principle NNS 34823 6839 24 intersect intersect VBP 34823 6839 25 ! ! . 34823 6840 1 A a DT 34823 6840 2 plurality plurality NN 34823 6840 3 of of IN 34823 6840 4 legal legal JJ 34823 6840 5 values value NNS 34823 6840 6 , , , 34823 6840 7 in in IN 34823 6840 8 marginal marginal JJ 34823 6840 9 equilibrium equilibrium NN 34823 6840 10 ! ! . 34823 6841 1 Lacking lack VBG 34823 6841 2 a a DT 34823 6841 3 tool tool NN 34823 6841 4 of of IN 34823 6841 5 thought thought NN 34823 6841 6 so so RB 34823 6841 7 convenient convenient JJ 34823 6841 8 as as IN 34823 6841 9 money money NN 34823 6841 10 has have VBZ 34823 6841 11 proved prove VBN 34823 6841 12 for for IN 34823 6841 13 the the DT 34823 6841 14 economist economist NN 34823 6841 15 , , , 34823 6841 16 the the DT 34823 6841 17 jurist jurist NN 34823 6841 18 finds find VBZ 34823 6841 19 trouble trouble NN 34823 6841 20 in in IN 34823 6841 21 making make VBG 34823 6841 22 his -PRON- PRP$ 34823 6841 23 margins margin NNS 34823 6841 24 precise precise JJ 34823 6841 25 . . . 34823 6842 1 He -PRON- PRP 34823 6842 2 is be VBZ 34823 6842 3 dealing deal VBG 34823 6842 4 with with IN 34823 6842 5 quantities quantity NNS 34823 6842 6 for for IN 34823 6842 7 which which WDT 34823 6842 8 he -PRON- PRP 34823 6842 9 has have VBZ 34823 6842 10 found find VBN 34823 6842 11 no no DT 34823 6842 12 common common JJ 34823 6842 13 measure measure NN 34823 6842 14 . . . 34823 6843 1 There there EX 34823 6843 2 is be VBZ 34823 6843 3 no no DT 34823 6843 4 " " `` 34823 6843 5 standard standard JJ 34823 6843 6 or or CC 34823 6843 7 common common JJ 34823 6843 8 measure measure NN 34823 6843 9 " " '' 34823 6843 10 of of IN 34823 6843 11 legal legal JJ 34823 6843 12 values value NNS 34823 6843 13 . . . 34823 6844 1 Hence hence RB 34823 6844 2 , , , 34823 6844 3 most most JJS 34823 6844 4 lawyers lawyer NNS 34823 6844 5 content content VBP 34823 6844 6 themselves -PRON- PRP 34823 6844 7 with with IN 34823 6844 8 qualitative qualitative JJ 34823 6844 9 reasoning reasoning NN 34823 6844 10 , , , 34823 6844 11 seeking seek VBG 34823 6844 12 to to TO 34823 6844 13 avoid avoid VB 34823 6844 14 the the DT 34823 6844 15 necessity necessity NN 34823 6844 16 of of IN 34823 6844 17 quantitative quantitative JJ 34823 6844 18 weighing weighing NN 34823 6844 19 and and CC 34823 6844 20 comparison comparison NN 34823 6844 21 of of IN 34823 6844 22 the the DT 34823 6844 23 factors factor NNS 34823 6844 24 in in IN 34823 6844 25 their -PRON- PRP$ 34823 6844 26 problem problem NN 34823 6844 27 by by IN 34823 6844 28 making make VBG 34823 6844 29 distinctions distinction NNS 34823 6844 30 of of IN 34823 6844 31 _ _ NNP 34823 6844 32 kind kind NN 34823 6844 33 _ _ NNP 34823 6844 34 . . . 34823 6845 1 Mr. Mr. NNP 34823 6845 2 Justice Justice NNP 34823 6845 3 Holmes Holmes NNP 34823 6845 4 recognizes recognize VBZ 34823 6845 5 the the DT 34823 6845 6 necessity necessity NN 34823 6845 7 and and CC 34823 6845 8 the the DT 34823 6845 9 existence existence NN 34823 6845 10 of of IN 34823 6845 11 legal legal JJ 34823 6845 12 _ _ NNP 34823 6845 13 quantities quantity NNS 34823 6845 14 _ _ NNP 34823 6845 15 , , , 34823 6845 16 and and CC 34823 6845 17 of of IN 34823 6845 18 making make VBG 34823 6845 19 quantitative quantitative JJ 34823 6845 20 distinctions distinction NNS 34823 6845 21 , , , 34823 6845 22 _ _ NNP 34823 6845 23 i. i. NNP 34823 6846 1 e. e. NNP 34823 6846 2 _ _ NNP 34823 6846 3 , , , 34823 6846 4 distinctions distinction NNS 34823 6846 5 of of IN 34823 6846 6 _ _ NNP 34823 6846 7 degree degree NN 34823 6846 8 _ _ NNP 34823 6846 9 . . . 34823 6847 1 He -PRON- PRP 34823 6847 2 sees see VBZ 34823 6847 3 a a DT 34823 6847 4 generic generic JJ 34823 6847 5 essence essence NN 34823 6847 6 common common JJ 34823 6847 7 to to IN 34823 6847 8 the the DT 34823 6847 9 whole whole JJ 34823 6847 10 body body NN 34823 6847 11 of of IN 34823 6847 12 laws law NNS 34823 6847 13 , , , 34823 6847 14 such such JJ 34823 6847 15 that that IN 34823 6847 16 marginal marginal JJ 34823 6847 17 equilibria equilibrium NNS 34823 6847 18 are be VBP 34823 6847 19 possible possible JJ 34823 6847 20 and and CC 34823 6847 21 actual actual JJ 34823 6847 22 . . . 34823 6848 1 So so RB 34823 6848 2 far far RB 34823 6848 3 we -PRON- PRP 34823 6848 4 have have VBP 34823 6848 5 a a DT 34823 6848 6 static static JJ 34823 6848 7 system system NN 34823 6848 8 of of IN 34823 6848 9 laws law NNS 34823 6848 10 . . . 34823 6849 1 But but CC 34823 6849 2 the the DT 34823 6849 3 same same JJ 34823 6849 4 writer writer NN 34823 6849 5 , , , 34823 6849 6 in in IN 34823 6849 7 a a DT 34823 6849 8 later later JJ 34823 6849 9 decision decision NN 34823 6849 10 , , , 34823 6849 11 has have VBZ 34823 6849 12 said say VBD 34823 6849 13 : : : 34823 6849 14 " " `` 34823 6849 15 And and CC 34823 6849 16 yet yet RB 34823 6849 17 again again RB 34823 6849 18 the the DT 34823 6849 19 extent extent NN 34823 6849 20 to to TO 34823 6849 21 which which WDT 34823 6849 22 legislation legislation NN 34823 6849 23 may may MD 34823 6849 24 modify modify VB 34823 6849 25 and and CC 34823 6849 26 restrict restrict VB 34823 6849 27 the the DT 34823 6849 28 uses use NNS 34823 6849 29 of of IN 34823 6849 30 property property NN 34823 6849 31 consistently consistently RB 34823 6849 32 with with IN 34823 6849 33 the the DT 34823 6849 34 constitution constitution NN 34823 6849 35 is be VBZ 34823 6849 36 not not RB 34823 6849 37 a a DT 34823 6849 38 question question NN 34823 6849 39 for for IN 34823 6849 40 pure pure JJ 34823 6849 41 abstract abstract JJ 34823 6849 42 theory theory NN 34823 6849 43 alone alone RB 34823 6849 44 . . . 34823 6850 1 Tradition tradition NN 34823 6850 2 and and CC 34823 6850 3 the the DT 34823 6850 4 habits habit NNS 34823 6850 5 of of IN 34823 6850 6 a a DT 34823 6850 7 community community NN 34823 6850 8 count count NN 34823 6850 9 for for IN 34823 6850 10 more more JJR 34823 6850 11 than than IN 34823 6850 12 logic logic NN 34823 6850 13 . . . 34823 6850 14 " " '' 34823 6851 1 ( ( -LRB- 34823 6851 2 Laurel Laurel NNP 34823 6851 3 Hill Hill NNP 34823 6851 4 Cemetery Cemetery NNP 34823 6851 5 _ _ NNP 34823 6851 6 vs. vs. IN 34823 6851 7 _ _ NNP 34823 6851 8 San San NNP 34823 6851 9 Francisco Francisco NNP 34823 6851 10 , , , 34823 6851 11 216 216 CD 34823 6851 12 U. U. NNP 34823 6851 13 S. S. NNP 34823 6851 14 358 358 CD 34823 6851 15 , , , 34823 6851 16 1910 1910 CD 34823 6851 17 . . . 34823 6851 18 ) ) -RRB- 34823 6852 1 As as IN 34823 6852 2 these these DT 34823 6852 3 traditions tradition NNS 34823 6852 4 and and CC 34823 6852 5 habits habit NNS 34823 6852 6 of of IN 34823 6852 7 a a DT 34823 6852 8 community community NN 34823 6852 9 may may MD 34823 6852 10 change change VB 34823 6852 11 , , , 34823 6852 12 so so RB 34823 6852 13 may may MD 34823 6852 14 the the DT 34823 6852 15 legal legal JJ 34823 6852 16 values value NNS 34823 6852 17 change change VB 34823 6852 18 , , , 34823 6852 19 and and CC 34823 6852 20 new new NNP 34823 6852 21 equilibria equilibrium NNS 34823 6852 22 need need VBP 34823 6852 23 to to TO 34823 6852 24 be be VB 34823 6852 25 reached reach VBN 34823 6852 26 in in IN 34823 6852 27 a a DT 34823 6852 28 process process NN 34823 6852 29 of of IN 34823 6852 30 readjustment readjustment NN 34823 6852 31 . . . 34823 6853 1 But but CC 34823 6853 2 further far RBR 34823 6853 3 , , , 34823 6853 4 in in IN 34823 6853 5 this this DT 34823 6853 6 view view NN 34823 6853 7 , , , 34823 6853 8 and and CC 34823 6853 9 in in IN 34823 6853 10 the the DT 34823 6853 11 view view NN 34823 6853 12 of of IN 34823 6853 13 the the DT 34823 6853 14 best good JJS 34823 6853 15 students student NNS 34823 6853 16 of of IN 34823 6853 17 jurisprudence jurisprudence NN 34823 6853 18 in in IN 34823 6853 19 general general JJ 34823 6853 20 , , , 34823 6853 21 the the DT 34823 6853 22 legal legal JJ 34823 6853 23 values value NNS 34823 6853 24 are be VBP 34823 6853 25 not not RB 34823 6853 26 an an DT 34823 6853 27 insulated insulated JJ 34823 6853 28 , , , 34823 6853 29 self self NN 34823 6853 30 - - HYPH 34823 6853 31 contained contain VBN 34823 6853 32 system system NN 34823 6853 33 . . . 34823 6854 1 In in IN 34823 6854 2 the the DT 34823 6854 3 sentence sentence NN 34823 6854 4 last last RB 34823 6854 5 quoted quote VBN 34823 6854 6 , , , 34823 6854 7 Justice Justice NNP 34823 6854 8 Holmes Holmes NNP 34823 6854 9 sees see VBZ 34823 6854 10 their -PRON- PRP$ 34823 6854 11 root root NN 34823 6854 12 in in IN 34823 6854 13 a a DT 34823 6854 14 total total JJ 34823 6854 15 social social JJ 34823 6854 16 situation situation NN 34823 6854 17 . . . 34823 6855 1 And and CC 34823 6855 2 it -PRON- PRP 34823 6855 3 is be VBZ 34823 6855 4 easy easy JJ 34823 6855 5 to to TO 34823 6855 6 show show VB 34823 6855 7 that that IN 34823 6855 8 economic economic JJ 34823 6855 9 values value NNS 34823 6855 10 , , , 34823 6855 11 in in IN 34823 6855 12 particular particular JJ 34823 6855 13 , , , 34823 6855 14 are be VBP 34823 6855 15 part part NN 34823 6855 16 of of IN 34823 6855 17 that that DT 34823 6855 18 social social JJ 34823 6855 19 situation situation NN 34823 6855 20 out out IN 34823 6855 21 of of IN 34823 6855 22 which which WDT 34823 6855 23 legal legal JJ 34823 6855 24 values value NNS 34823 6855 25 derive derive VBP 34823 6855 26 their -PRON- PRP$ 34823 6855 27 power power NN 34823 6855 28 . . . 34823 6856 1 Legal legal JJ 34823 6856 2 values value NNS 34823 6856 3 enter enter VBP 34823 6856 4 into into IN 34823 6856 5 economic economic JJ 34823 6856 6 values value NNS 34823 6856 7 . . . 34823 6857 1 Economic economic JJ 34823 6857 2 values value NNS 34823 6857 3 enter enter VBP 34823 6857 4 into into IN 34823 6857 5 legal legal JJ 34823 6857 6 values value NNS 34823 6857 7 . . . 34823 6858 1 And and CC 34823 6858 2 between between IN 34823 6858 3 legal legal JJ 34823 6858 4 values value NNS 34823 6858 5 and and CC 34823 6858 6 economic economic JJ 34823 6858 7 values value NNS 34823 6858 8 are be VBP 34823 6858 9 marginal marginal JJ 34823 6858 10 equilibria equilibrium NNS 34823 6858 11 . . . 34823 6859 1 There there EX 34823 6859 2 is be VBZ 34823 6859 3 a a DT 34823 6859 4 vast vast JJ 34823 6859 5 social social JJ 34823 6859 6 system system NN 34823 6859 7 of of IN 34823 6859 8 values value NNS 34823 6859 9 , , , 34823 6859 10 legal legal JJ 34823 6859 11 , , , 34823 6859 12 economic economic JJ 34823 6859 13 , , , 34823 6859 14 moral moral JJ 34823 6859 15 , , , 34823 6859 16 religious religious JJ 34823 6859 17 , , , 34823 6859 18 etc etc FW 34823 6859 19 . . FW 34823 6859 20 , , , 34823 6859 21 in in IN 34823 6859 22 constant constant JJ 34823 6859 23 dynamic dynamic JJ 34823 6859 24 change change NN 34823 6859 25 , , , 34823 6859 26 but but CC 34823 6859 27 tending tend VBG 34823 6859 28 also also RB 34823 6859 29 to to IN 34823 6859 30 static static JJ 34823 6859 31 equilibrium equilibrium NN 34823 6859 32 . . . 34823 6860 1 Changes change NNS 34823 6860 2 at at IN 34823 6860 3 any any DT 34823 6860 4 part part NN 34823 6860 5 of of IN 34823 6860 6 the the DT 34823 6860 7 system system NN 34823 6860 8 compel compel NN 34823 6860 9 readjustments readjustment VBZ 34823 6860 10 throughout throughout RB 34823 6860 11 . . . 34823 6861 1 The the DT 34823 6861 2 process process NN 34823 6861 3 of of IN 34823 6861 4 equilibration equilibration NN 34823 6861 5 is be VBZ 34823 6861 6 often often RB 34823 6861 7 slow slow JJ 34823 6861 8 , , , 34823 6861 9 but but CC 34823 6861 10 slow slow JJ 34823 6861 11 or or CC 34823 6861 12 rapid rapid JJ 34823 6861 13 , , , 34823 6861 14 smooth smooth JJ 34823 6861 15 or or CC 34823 6861 16 violent violent JJ 34823 6861 17 , , , 34823 6861 18 it -PRON- PRP 34823 6861 19 is be VBZ 34823 6861 20 in in IN 34823 6861 21 constant constant JJ 34823 6861 22 process process NN 34823 6861 23 . . . 34823 6862 1 For for IN 34823 6862 2 the the DT 34823 6862 3 further further JJ 34823 6862 4 elaboration elaboration NN 34823 6862 5 of of IN 34823 6862 6 notions notion NNS 34823 6862 7 like like IN 34823 6862 8 these these DT 34823 6862 9 , , , 34823 6862 10 I -PRON- PRP 34823 6862 11 refer refer VBP 34823 6862 12 again again RB 34823 6862 13 to to IN 34823 6862 14 my -PRON- PRP$ 34823 6862 15 _ _ NNP 34823 6862 16 Social Social NNP 34823 6862 17 Value Value NNP 34823 6862 18 _ _ NNP 34823 6862 19 . . . 34823 6863 1 Here here RB 34823 6863 2 , , , 34823 6863 3 as as IN 34823 6863 4 in in IN 34823 6863 5 the the DT 34823 6863 6 narrower narrow JJR 34823 6863 7 economic economic JJ 34823 6863 8 sphere sphere NN 34823 6863 9 , , , 34823 6863 10 we -PRON- PRP 34823 6863 11 have have VBP 34823 6863 12 men man NNS 34823 6863 13 and and CC 34823 6863 14 institutions institution NNS 34823 6863 15 whose whose WP$ 34823 6863 16 chief chief JJ 34823 6863 17 activity activity NN 34823 6863 18 is be VBZ 34823 6863 19 concerned concern VBN 34823 6863 20 with with IN 34823 6863 21 the the DT 34823 6863 22 manipulation manipulation NN 34823 6863 23 and and CC 34823 6863 24 control control NN 34823 6863 25 of of IN 34823 6863 26 these these DT 34823 6863 27 values value NNS 34823 6863 28 , , , 34823 6863 29 with with IN 34823 6863 30 effecting effect VBG 34823 6863 31 the the DT 34823 6863 32 readjustments readjustment NNS 34823 6863 33 , , , 34823 6863 34 and and CC 34823 6863 35 bringing bring VBG 34823 6863 36 about about RP 34823 6863 37 the the DT 34823 6863 38 reëquilibrations reëquilibration NNS 34823 6863 39 . . . 34823 6864 1 They -PRON- PRP 34823 6864 2 have have VBP 34823 6864 3 their -PRON- PRP$ 34823 6864 4 appropriate appropriate JJ 34823 6864 5 tools tool NNS 34823 6864 6 and and CC 34823 6864 7 technology technology NN 34823 6864 8 . . . 34823 6865 1 Money money NN 34823 6865 2 and and CC 34823 6865 3 credit credit NN 34823 6865 4 are be VBP 34823 6865 5 merely merely RB 34823 6865 6 part part NN 34823 6865 7 of of IN 34823 6865 8 a a DT 34823 6865 9 much much RB 34823 6865 10 wider wide JJR 34823 6865 11 system system NN 34823 6865 12 concerned concern VBN 34823 6865 13 with with IN 34823 6865 14 social social JJ 34823 6865 15 control control NN 34823 6865 16 and and CC 34823 6865 17 social social JJ 34823 6865 18 adjustment adjustment NN 34823 6865 19 ! ! . 34823 6866 1 * * NFP 34823 6866 2 * * NFP 34823 6866 3 * * NFP 34823 6866 4 * * NFP 34823 6866 5 * * NFP 34823 6866 6 To to TO 34823 6866 7 summarize summarize VB 34823 6866 8 : : : 34823 6866 9 The the DT 34823 6866 10 problem problem NN 34823 6866 11 of of IN 34823 6866 12 this this DT 34823 6866 13 chapter chapter NN 34823 6866 14 has have VBZ 34823 6866 15 been be VBN 34823 6866 16 to to TO 34823 6866 17 harmonize harmonize VB 34823 6866 18 statics static NNS 34823 6866 19 and and CC 34823 6866 20 dynamics dynamic NNS 34823 6866 21 , , , 34823 6866 22 the the DT 34823 6866 23 " " `` 34823 6866 24 theory theory NN 34823 6866 25 of of IN 34823 6866 26 wealth wealth NN 34823 6866 27 " " '' 34823 6866 28 and and CC 34823 6866 29 the the DT 34823 6866 30 " " `` 34823 6866 31 theory theory NN 34823 6866 32 of of IN 34823 6866 33 prosperity prosperity NN 34823 6866 34 , , , 34823 6866 35 " " '' 34823 6866 36 " " `` 34823 6866 37 normal normal JJ 34823 6866 38 " " '' 34823 6866 39 and and CC 34823 6866 40 " " `` 34823 6866 41 transitional transitional JJ 34823 6866 42 , , , 34823 6866 43 " " '' 34823 6866 44 and and CC 34823 6866 45 similar similar JJ 34823 6866 46 notions notion NNS 34823 6866 47 , , , 34823 6866 48 commonly commonly RB 34823 6866 49 held hold VBN 34823 6866 50 to to TO 34823 6866 51 belong belong VB 34823 6866 52 to to IN 34823 6866 53 different different JJ 34823 6866 54 spheres sphere NNS 34823 6866 55 , , , 34823 6866 56 and and CC 34823 6866 57 to to TO 34823 6866 58 be be VB 34823 6866 59 incapable incapable JJ 34823 6866 60 of of IN 34823 6866 61 reduction reduction NN 34823 6866 62 to to IN 34823 6866 63 common common JJ 34823 6866 64 terms term NNS 34823 6866 65 . . . 34823 6867 1 A a DT 34823 6867 2 number number NN 34823 6867 3 of of IN 34823 6867 4 such such JJ 34823 6867 5 contrasts contrast NNS 34823 6867 6 have have VBP 34823 6867 7 been be VBN 34823 6867 8 passed pass VBN 34823 6867 9 in in IN 34823 6867 10 review review NN 34823 6867 11 , , , 34823 6867 12 and and CC 34823 6867 13 numerous numerous JJ 34823 6867 14 illustrations illustration NNS 34823 6867 15 of of IN 34823 6867 16 the the DT 34823 6867 17 various various JJ 34823 6867 18 types type NNS 34823 6867 19 of of IN 34823 6867 20 contrast contrast NN 34823 6867 21 have have VBP 34823 6867 22 been be VBN 34823 6867 23 given give VBN 34823 6867 24 . . . 34823 6868 1 It -PRON- PRP 34823 6868 2 is be VBZ 34823 6868 3 the the DT 34823 6868 4 contention contention NN 34823 6868 5 of of IN 34823 6868 6 the the DT 34823 6868 7 present present JJ 34823 6868 8 chapter chapter NN 34823 6868 9 that that IN 34823 6868 10 the the DT 34823 6868 11 most most RBS 34823 6868 12 fundamental fundamental JJ 34823 6868 13 of of IN 34823 6868 14 these these DT 34823 6868 15 contrasts contrast NNS 34823 6868 16 , , , 34823 6868 17 and and CC 34823 6868 18 the the DT 34823 6868 19 one one NN 34823 6868 20 which which WDT 34823 6868 21 gathers gather VBZ 34823 6868 22 up up RP 34823 6868 23 the the DT 34823 6868 24 meaning meaning NN 34823 6868 25 of of IN 34823 6868 26 most most JJS 34823 6868 27 of of IN 34823 6868 28 them -PRON- PRP 34823 6868 29 , , , 34823 6868 30 is be VBZ 34823 6868 31 that that IN 34823 6868 32 between between IN 34823 6868 33 the the DT 34823 6868 34 theory theory NN 34823 6868 35 of of IN 34823 6868 36 value value NN 34823 6868 37 , , , 34823 6868 38 and and CC 34823 6868 39 the the DT 34823 6868 40 theory theory NN 34823 6868 41 of of IN 34823 6868 42 price price NN 34823 6868 43 . . . 34823 6869 1 The the DT 34823 6869 2 theory theory NN 34823 6869 3 of of IN 34823 6869 4 value value NN 34823 6869 5 is be VBZ 34823 6869 6 dynamic dynamic JJ 34823 6869 7 , , , 34823 6869 8 is be VBZ 34823 6869 9 concerned concern VBN 34823 6869 10 with with IN 34823 6869 11 the the DT 34823 6869 12 phenomena phenomenon NNS 34823 6869 13 of of IN 34823 6869 14 prosperity prosperity NN 34823 6869 15 and and CC 34823 6869 16 depression depression NN 34823 6869 17 , , , 34823 6869 18 is be VBZ 34823 6869 19 realistic realistic JJ 34823 6869 20 enough enough RB 34823 6869 21 to to TO 34823 6869 22 deal deal VB 34823 6869 23 with with IN 34823 6869 24 transitions transition NNS 34823 6869 25 and and CC 34823 6869 26 readjustments readjustment NNS 34823 6869 27 ; ; , 34823 6869 28 the the DT 34823 6869 29 theory theory NN 34823 6869 30 of of IN 34823 6869 31 price price NN 34823 6869 32 is be VBZ 34823 6869 33 static static JJ 34823 6869 34 , , , 34823 6869 35 and and CC 34823 6869 36 rests rest NNS 34823 6869 37 in in IN 34823 6869 38 the the DT 34823 6869 39 notion notion NN 34823 6869 40 of of IN 34823 6869 41 accomplished accomplish VBN 34823 6869 42 equilibrium equilibrium NN 34823 6869 43 , , , 34823 6869 44 abstracting abstract VBG 34823 6869 45 from from IN 34823 6869 46 the the DT 34823 6869 47 problems problem NNS 34823 6869 48 of of IN 34823 6869 49 friction friction NN 34823 6869 50 and and CC 34823 6869 51 transition transition NN 34823 6869 52 . . . 34823 6870 1 The the DT 34823 6870 2 reconciliation reconciliation NN 34823 6870 3 comes come VBZ 34823 6870 4 from from IN 34823 6870 5 two two CD 34823 6870 6 angles angle NNS 34823 6870 7 : : : 34823 6870 8 on on IN 34823 6870 9 the the DT 34823 6870 10 one one CD 34823 6870 11 hand hand NN 34823 6870 12 we -PRON- PRP 34823 6870 13 have have VBP 34823 6870 14 generalized generalize VBN 34823 6870 15 price price NN 34823 6870 16 theory theory NN 34823 6870 17 , , , 34823 6870 18 showing show VBG 34823 6870 19 that that IN 34823 6870 20 in in IN 34823 6870 21 large large JJ 34823 6870 22 measure measure NN 34823 6870 23 the the DT 34823 6870 24 phenomena phenomenon NNS 34823 6870 25 with with IN 34823 6870 26 which which WDT 34823 6870 27 value value NN 34823 6870 28 theory theory NN 34823 6870 29 , , , 34823 6870 30 theory theory NN 34823 6870 31 of of IN 34823 6870 32 prosperity prosperity NN 34823 6870 33 , , , 34823 6870 34 dynamics dynamic NNS 34823 6870 35 , , , 34823 6870 36 deal deal NN 34823 6870 37 come come VBN 34823 6870 38 under under IN 34823 6870 39 the the DT 34823 6870 40 money money NN 34823 6870 41 measure measure NN 34823 6870 42 , , , 34823 6870 43 are be VBP 34823 6870 44 made make VBN 34823 6870 45 " " `` 34823 6870 46 static static JJ 34823 6870 47 " " '' 34823 6870 48 by by IN 34823 6870 49 " " `` 34823 6870 50 discounting discount VBG 34823 6870 51 , , , 34823 6870 52 " " '' 34823 6870 53 and and CC 34823 6870 54 by by IN 34823 6870 55 the the DT 34823 6870 56 application application NN 34823 6870 57 of of IN 34823 6870 58 accounting accounting NN 34823 6870 59 principles principle NNS 34823 6870 60 ; ; : 34823 6870 61 that that IN 34823 6870 62 this this DT 34823 6870 63 tends tend VBZ 34823 6870 64 to to TO 34823 6870 65 be be VB 34823 6870 66 more more RBR 34823 6870 67 and and CC 34823 6870 68 more more RBR 34823 6870 69 true true JJ 34823 6870 70 as as IN 34823 6870 71 knowledge knowledge NN 34823 6870 72 grows grow VBZ 34823 6870 73 more more RBR 34823 6870 74 accurate accurate JJ 34823 6870 75 ; ; : 34823 6870 76 that that IN 34823 6870 77 " " `` 34823 6870 78 statics static NNS 34823 6870 79 " " '' 34823 6870 80 means mean VBZ 34823 6870 81 especially especially RB 34823 6870 82 quantitative quantitative JJ 34823 6870 83 , , , 34823 6870 84 as as IN 34823 6870 85 opposed oppose VBN 34823 6870 86 to to TO 34823 6870 87 merely merely RB 34823 6870 88 qualitative qualitative JJ 34823 6870 89 , , , 34823 6870 90 thinking think VBG 34823 6870 91 . . . 34823 6871 1 We -PRON- PRP 34823 6871 2 have have VBP 34823 6871 3 shown show VBN 34823 6871 4 further further RB 34823 6871 5 that that IN 34823 6871 6 the the DT 34823 6871 7 static static JJ 34823 6871 8 schema schema NN 34823 6871 9 is be VBZ 34823 6871 10 applicable applicable JJ 34823 6871 11 even even RB 34823 6871 12 where where WRB 34823 6871 13 the the DT 34823 6871 14 money money NN 34823 6871 15 measure measure NN 34823 6871 16 is be VBZ 34823 6871 17 inapplicable inapplicable JJ 34823 6871 18 , , , 34823 6871 19 and and CC 34823 6871 20 even even RB 34823 6871 21 beyond beyond IN 34823 6871 22 the the DT 34823 6871 23 economic economic JJ 34823 6871 24 sphere sphere NN 34823 6871 25 , , , 34823 6871 26 as as IN 34823 6871 27 illustrated illustrate VBN 34823 6871 28 by by IN 34823 6871 29 a a DT 34823 6871 30 recent recent JJ 34823 6871 31 decision decision NN 34823 6871 32 of of IN 34823 6871 33 Justice Justice NNP 34823 6871 34 Holmes Holmes NNP 34823 6871 35 . . . 34823 6872 1 The the DT 34823 6872 2 other other JJ 34823 6872 3 angle angle NN 34823 6872 4 of of IN 34823 6872 5 approach approach NN 34823 6872 6 was be VBD 34823 6872 7 to to TO 34823 6872 8 universalize universalize VB 34823 6872 9 value value NN 34823 6872 10 theory theory NN 34823 6872 11 , , , 34823 6872 12 dynamics dynamic NNS 34823 6872 13 , , , 34823 6872 14 theory theory NN 34823 6872 15 of of IN 34823 6872 16 prosperity prosperity NN 34823 6872 17 , , , 34823 6872 18 by by IN 34823 6872 19 showing show VBG 34823 6872 20 that that IN 34823 6872 21 all all DT 34823 6872 22 prices price NNS 34823 6872 23 , , , 34823 6872 24 whether whether IN 34823 6872 25 " " `` 34823 6872 26 static static JJ 34823 6872 27 " " '' 34823 6872 28 or or CC 34823 6872 29 " " `` 34823 6872 30 dynamic dynamic JJ 34823 6872 31 " " '' 34823 6872 32 have have VBP 34823 6872 33 the the DT 34823 6872 34 same same JJ 34823 6872 35 fundamental fundamental JJ 34823 6872 36 sort sort NN 34823 6872 37 of of IN 34823 6872 38 explanation explanation NN 34823 6872 39 , , , 34823 6872 40 that that DT 34823 6872 41 value value NN 34823 6872 42 is be VBZ 34823 6872 43 always always RB 34823 6872 44 a a DT 34823 6872 45 matter matter NN 34823 6872 46 of of IN 34823 6872 47 social social JJ 34823 6872 48 psychology psychology NN 34823 6872 49 , , , 34823 6872 50 and and CC 34823 6872 51 never never RB 34823 6872 52 a a DT 34823 6872 53 matter matter NN 34823 6872 54 of of IN 34823 6872 55 mere mere JJ 34823 6872 56 individual individual JJ 34823 6872 57 psychical psychical JJ 34823 6872 58 magnitudes magnitude NNS 34823 6872 59 , , , 34823 6872 60 or or CC 34823 6872 61 of of IN 34823 6872 62 " " `` 34823 6872 63 material material JJ 34823 6872 64 fact fact NN 34823 6872 65 . . . 34823 6872 66 " " '' 34823 6873 1 This this DT 34823 6873 2 is be VBZ 34823 6873 3 not not RB 34823 6873 4 to to TO 34823 6873 5 deny deny VB 34823 6873 6 that that IN 34823 6873 7 physical physical JJ 34823 6873 8 facts fact NNS 34823 6873 9 have have VBP 34823 6873 10 their -PRON- PRP$ 34823 6873 11 bearing bearing NN 34823 6873 12 in in IN 34823 6873 13 the the DT 34823 6873 14 scheme scheme NN 34823 6873 15 : : : 34823 6873 16 ( ( -LRB- 34823 6873 17 a a LS 34823 6873 18 ) ) -RRB- 34823 6873 19 they -PRON- PRP 34823 6873 20 are be VBP 34823 6873 21 among among IN 34823 6873 22 the the DT 34823 6873 23 objects object NNS 34823 6873 24 of of IN 34823 6873 25 value value NN 34823 6873 26 , , , 34823 6873 27 even even RB 34823 6873 28 though though IN 34823 6873 29 not not RB 34823 6873 30 the the DT 34823 6873 31 only only JJ 34823 6873 32 objects object NNS 34823 6873 33 , , , 34823 6873 34 and and CC 34823 6873 35 ( ( -LRB- 34823 6873 36 b b NN 34823 6873 37 ) ) -RRB- 34823 6873 38 material material NN 34823 6873 39 facts fact NNS 34823 6873 40 , , , 34823 6873 41 technological technological JJ 34823 6873 42 , , , 34823 6873 43 physiographic physiographic JJ 34823 6873 44 , , , 34823 6873 45 and and CC 34823 6873 46 biological biological JJ 34823 6873 47 , , , 34823 6873 48 are be VBP 34823 6873 49 the the DT 34823 6873 50 basis basis NN 34823 6873 51 on on IN 34823 6873 52 which which WDT 34823 6873 53 human human JJ 34823 6873 54 nature nature NN 34823 6873 55 rests rest VBZ 34823 6873 56 , , , 34823 6873 57 out out IN 34823 6873 58 of of IN 34823 6873 59 which which WDT 34823 6873 60 it -PRON- PRP 34823 6873 61 has have VBZ 34823 6873 62 developed develop VBN 34823 6873 63 , , , 34823 6873 64 even even RB 34823 6873 65 though though IN 34823 6873 66 human human JJ 34823 6873 67 culture culture NN 34823 6873 68 including include VBG 34823 6873 69 social social JJ 34823 6873 70 values value NNS 34823 6873 71 has have VBZ 34823 6873 72 increasingly increasingly RB 34823 6873 73 emancipated emancipate VBN 34823 6873 74 itself -PRON- PRP 34823 6873 75 from from IN 34823 6873 76 immediate immediate JJ 34823 6873 77 dependence dependence NN 34823 6873 78 on on IN 34823 6873 79 them -PRON- PRP 34823 6873 80 , , , 34823 6873 81 and and CC 34823 6873 82 has have VBZ 34823 6873 83 acquired acquire VBN 34823 6873 84 a a DT 34823 6873 85 partially partially RB 34823 6873 86 independent independent JJ 34823 6873 87 movement movement NN 34823 6873 88 of of IN 34823 6873 89 its -PRON- PRP$ 34823 6873 90 own own JJ 34823 6873 91 . . . 34823 6874 1 The the DT 34823 6874 2 effort effort NN 34823 6874 3 was be VBD 34823 6874 4 not not RB 34823 6874 5 made make VBN 34823 6874 6 to to TO 34823 6874 7 reduce reduce VB 34823 6874 8 mind mind NN 34823 6874 9 and and CC 34823 6874 10 matter matter NN 34823 6874 11 to to IN 34823 6874 12 common common JJ 34823 6874 13 terms term NNS 34823 6874 14 , , , 34823 6874 15 but but CC 34823 6874 16 the the DT 34823 6874 17 case case NN 34823 6874 18 was be VBD 34823 6874 19 rested rest VBN 34823 6874 20 in in IN 34823 6874 21 an an DT 34823 6874 22 irreducible irreducible JJ 34823 6874 23 dualism dualism NN 34823 6874 24 , , , 34823 6874 25 and and CC 34823 6874 26 the the DT 34823 6874 27 causal causal JJ 34823 6874 28 influence influence NN 34823 6874 29 of of IN 34823 6874 30 non non JJ 34823 6874 31 - - JJ 34823 6874 32 mental mental JJ 34823 6874 33 factors factor NNS 34823 6874 34 on on IN 34823 6874 35 the the DT 34823 6874 36 value value NN 34823 6874 37 - - HYPH 34823 6874 38 scales scale NNS 34823 6874 39 themselves -PRON- PRP 34823 6874 40 can can MD 34823 6874 41 not not RB 34823 6874 42 be be VB 34823 6874 43 measured measure VBN 34823 6874 44 by by IN 34823 6874 45 the the DT 34823 6874 46 static static JJ 34823 6874 47 scheme scheme NN 34823 6874 48 . . . 34823 6875 1 The the DT 34823 6875 2 static static JJ 34823 6875 3 scheme scheme NN 34823 6875 4 , , , 34823 6875 5 assuming assume VBG 34823 6875 6 the the DT 34823 6875 7 value value NN 34823 6875 8 - - HYPH 34823 6875 9 scales scale NNS 34823 6875 10 , , , 34823 6875 11 gives give VBZ 34823 6875 12 a a DT 34823 6875 13 precise precise JJ 34823 6875 14 answer answer NN 34823 6875 15 as as IN 34823 6875 16 to to IN 34823 6875 17 the the DT 34823 6875 18 influence influence NN 34823 6875 19 of of IN 34823 6875 20 the the DT 34823 6875 21 quantities quantity NNS 34823 6875 22 of of IN 34823 6875 23 physical physical JJ 34823 6875 24 objects object NNS 34823 6875 25 on on IN 34823 6875 26 the the DT 34823 6875 27 marginal marginal JJ 34823 6875 28 values value NNS 34823 6875 29 . . . 34823 6876 1 The the DT 34823 6876 2 significant significant JJ 34823 6876 3 fact fact NN 34823 6876 4 about about IN 34823 6876 5 the the DT 34823 6876 6 values value NNS 34823 6876 7 with with IN 34823 6876 8 which which WDT 34823 6876 9 dynamics dynamic NNS 34823 6876 10 , , , 34823 6876 11 theory theory NN 34823 6876 12 of of IN 34823 6876 13 prosperity prosperity NN 34823 6876 14 , , , 34823 6876 15 etc etc FW 34823 6876 16 . . FW 34823 6876 17 , , , 34823 6876 18 deal deal NN 34823 6876 19 is be VBZ 34823 6876 20 that that IN 34823 6876 21 they -PRON- PRP 34823 6876 22 are be VBP 34823 6876 23 the the DT 34823 6876 24 values value NNS 34823 6876 25 of of IN 34823 6876 26 immaterial immaterial JJ 34823 6876 27 social social JJ 34823 6876 28 relationships relationship NNS 34823 6876 29 and and CC 34823 6876 30 institutions institution NNS 34823 6876 31 , , , 34823 6876 32 in in IN 34823 6876 33 large large JJ 34823 6876 34 part part NN 34823 6876 35 , , , 34823 6876 36 which which WDT 34823 6876 37 are be VBP 34823 6876 38 concerned concern VBN 34823 6876 39 with with IN 34823 6876 40 the the DT 34823 6876 41 problems problem NNS 34823 6876 42 of of IN 34823 6876 43 social social JJ 34823 6876 44 adjustment adjustment NN 34823 6876 45 and and CC 34823 6876 46 control control NN 34823 6876 47 , , , 34823 6876 48 with with IN 34823 6876 49 affecting affect VBG 34823 6876 50 equilibria equilibrium NNS 34823 6876 51 in in IN 34823 6876 52 the the DT 34823 6876 53 economic economic JJ 34823 6876 54 sphere sphere NN 34823 6876 55 , , , 34823 6876 56 with with IN 34823 6876 57 overcoming overcome VBG 34823 6876 58 the the DT 34823 6876 59 friction friction NN 34823 6876 60 and and CC 34823 6876 61 effecting effect VBG 34823 6876 62 the the DT 34823 6876 63 transitions transition NNS 34823 6876 64 from from IN 34823 6876 65 which which WDT 34823 6876 66 static static JJ 34823 6876 67 theory theory NN 34823 6876 68 abstracts abstract NNS 34823 6876 69 . . . 34823 6877 1 This this DT 34823 6877 2 is be VBZ 34823 6877 3 a a DT 34823 6877 4 phase phase NN 34823 6877 5 of of IN 34823 6877 6 production production NN 34823 6877 7 quite quite RB 34823 6877 8 as as RB 34823 6877 9 important important JJ 34823 6877 10 as as IN 34823 6877 11 the the DT 34823 6877 12 physical physical JJ 34823 6877 13 activities activity NNS 34823 6877 14 of of IN 34823 6877 15 laborers laborer NNS 34823 6877 16 or or CC 34823 6877 17 machines machine NNS 34823 6877 18 . . . 34823 6878 1 It -PRON- PRP 34823 6878 2 has have VBZ 34823 6878 3 its -PRON- PRP$ 34823 6878 4 own own JJ 34823 6878 5 technology technology NN 34823 6878 6 , , , 34823 6878 7 appropriate appropriate JJ 34823 6878 8 to to IN 34823 6878 9 its -PRON- PRP$ 34823 6878 10 problems problem NNS 34823 6878 11 . . . 34823 6879 1 In in IN 34823 6879 2 particular particular JJ 34823 6879 3 , , , 34823 6879 4 money money NN 34823 6879 5 and and CC 34823 6879 6 credit credit NN 34823 6879 7 are be VBP 34823 6879 8 part part NN 34823 6879 9 of of IN 34823 6879 10 its -PRON- PRP$ 34823 6879 11 tools tool NNS 34823 6879 12 . . . 34823 6880 1 Since since IN 34823 6880 2 its -PRON- PRP$ 34823 6880 3 problems problem NNS 34823 6880 4 are be VBP 34823 6880 5 to to TO 34823 6880 6 control control VB 34823 6880 7 men man NNS 34823 6880 8 's 's POS 34823 6880 9 minds mind NNS 34823 6880 10 , , , 34823 6880 11 it -PRON- PRP 34823 6880 12 uses use VBZ 34823 6880 13 psychological psychological JJ 34823 6880 14 forces force NNS 34823 6880 15 . . . 34823 6881 1 Where where WRB 34823 6881 2 the the DT 34823 6881 3 mechanic mechanic NN 34823 6881 4 uses use VBZ 34823 6881 5 a a DT 34823 6881 6 storage storage NN 34823 6881 7 battery battery NN 34823 6881 8 , , , 34823 6881 9 charged charge VBN 34823 6881 10 with with IN 34823 6881 11 electricity electricity NN 34823 6881 12 , , , 34823 6881 13 to to TO 34823 6881 14 move move VB 34823 6881 15 material material JJ 34823 6881 16 things thing NNS 34823 6881 17 , , , 34823 6881 18 the the DT 34823 6881 19 technologist technologist NN 34823 6881 20 of of IN 34823 6881 21 economic economic JJ 34823 6881 22 readjustment readjustment NN 34823 6881 23 employs employ VBZ 34823 6881 24 a a DT 34823 6881 25 dollar dollar NN 34823 6881 26 , , , 34823 6881 27 charged charge VBN 34823 6881 28 with with IN 34823 6881 29 social social JJ 34823 6881 30 value value NN 34823 6881 31 , , , 34823 6881 32 which which WDT 34823 6881 33 is be VBZ 34823 6881 34 power power NN 34823 6881 35 over over IN 34823 6881 36 the the DT 34823 6881 37 action action NN 34823 6881 38 of of IN 34823 6881 39 men man NNS 34823 6881 40 . . . 34823 6882 1 It -PRON- PRP 34823 6882 2 is be VBZ 34823 6882 3 as as IN 34823 6882 4 a a DT 34823 6882 5 bearer bearer NN 34823 6882 6 of of IN 34823 6882 7 value value NN 34823 6882 8 , , , 34823 6882 9 in in IN 34823 6882 10 form form NN 34823 6882 11 adapted adapt VBN 34823 6882 12 to to IN 34823 6882 13 the the DT 34823 6882 14 problem problem NN 34823 6882 15 , , , 34823 6882 16 that that RB 34823 6882 17 is be VBZ 34823 6882 18 in in IN 34823 6882 19 highly highly RB 34823 6882 20 saleable saleable JJ 34823 6882 21 form form NN 34823 6882 22 , , , 34823 6882 23 that that IN 34823 6882 24 the the DT 34823 6882 25 dollar dollar NN 34823 6882 26 functions function NNS 34823 6882 27 . . . 34823 6883 1 It -PRON- PRP 34823 6883 2 is be VBZ 34823 6883 3 the the DT 34823 6883 4 psychological psychological JJ 34823 6883 5 significance significance NN 34823 6883 6 of of IN 34823 6883 7 the the DT 34823 6883 8 dollar dollar NN 34823 6883 9 , , , 34823 6883 10 and and CC 34823 6883 11 not not RB 34823 6883 12 its -PRON- PRP$ 34823 6883 13 physical physical JJ 34823 6883 14 qualities quality NNS 34823 6883 15 _ _ NNP 34823 6883 16 per per FW 34823 6883 17 se se FW 34823 6883 18 _ _ NNP 34823 6883 19 , , , 34823 6883 20 that that WDT 34823 6883 21 enables enable VBZ 34823 6883 22 it -PRON- PRP 34823 6883 23 to to TO 34823 6883 24 do do VB 34823 6883 25 its -PRON- PRP$ 34823 6883 26 work work NN 34823 6883 27 . . . 34823 6884 1 The the DT 34823 6884 2 physical physical JJ 34823 6884 3 weight weight NN 34823 6884 4 in in IN 34823 6884 5 gold gold NN 34823 6884 6 , , , 34823 6884 7 which which WDT 34823 6884 8 itself -PRON- PRP 34823 6884 9 is be VBZ 34823 6884 10 an an DT 34823 6884 11 object object NN 34823 6884 12 of of IN 34823 6884 13 social social JJ 34823 6884 14 value value NN 34823 6884 15 , , , 34823 6884 16 is be VBZ 34823 6884 17 commonly commonly RB 34823 6884 18 the the DT 34823 6884 19 immediate immediate JJ 34823 6884 20 basis basis NN 34823 6884 21 of of IN 34823 6884 22 the the DT 34823 6884 23 value value NN 34823 6884 24 of of IN 34823 6884 25 the the DT 34823 6884 26 dollar dollar NN 34823 6884 27 to to IN 34823 6884 28 - - HYPH 34823 6884 29 day day NN 34823 6884 30 , , , 34823 6884 31 but but CC 34823 6884 32 money money NN 34823 6884 33 may may MD 34823 6884 34 get get VB 34823 6884 35 its -PRON- PRP$ 34823 6884 36 primary primary JJ 34823 6884 37 value value NN 34823 6884 38 from from IN 34823 6884 39 other other JJ 34823 6884 40 sources source NNS 34823 6884 41 than than IN 34823 6884 42 valuable valuable JJ 34823 6884 43 bullion bullion NN 34823 6884 44 . . . 34823 6885 1 Given give VBN 34823 6885 2 this this DT 34823 6885 3 primary primary JJ 34823 6885 4 value value NN 34823 6885 5 , , , 34823 6885 6 the the DT 34823 6885 7 dollar dollar NN 34823 6885 8 may may MD 34823 6885 9 get get VB 34823 6885 10 an an DT 34823 6885 11 enhancement enhancement NN 34823 6885 12 in in IN 34823 6885 13 that that DT 34823 6885 14 value value NN 34823 6885 15 from from IN 34823 6885 16 the the DT 34823 6885 17 services service NNS 34823 6885 18 which which WDT 34823 6885 19 it -PRON- PRP 34823 6885 20 performs perform VBZ 34823 6885 21 in in IN 34823 6885 22 the the DT 34823 6885 23 social social JJ 34823 6885 24 technology technology NN 34823 6885 25 of of IN 34823 6885 26 adjustment adjustment NN 34823 6885 27 . . . 34823 6886 1 * * NFP 34823 6886 2 * * NFP 34823 6886 3 * * NFP 34823 6886 4 * * NFP 34823 6886 5 * * NFP 34823 6886 6 INDEX index NN 34823 6886 7 A a DT 34823 6886 8 Aborn Aborn NNP 34823 6886 9 , , , 34823 6886 10 W. W. NNP 34823 6886 11 H. H. NNP 34823 6886 12 , , , 34823 6886 13 252 252 CD 34823 6886 14 , , , 34823 6886 15 n. n. NN 34823 6886 16 Absolute Absolute NNP 34823 6886 17 _ _ NNP 34823 6886 18 vs. vs. IN 34823 6886 19 _ _ NNP 34823 6886 20 relative relative JJ 34823 6886 21 conceptions conception NNS 34823 6886 22 of of IN 34823 6886 23 value value NN 34823 6886 24 . . . 34823 6887 1 See see VB 34823 6887 2 VALUE VALUE NNP 34823 6887 3 , , , 34823 6887 4 ABSOLUTE ABSOLUTE NNP 34823 6887 5 _ _ NNP 34823 6887 6 vs. vs. IN 34823 6887 7 _ _ NNP 34823 6887 8 RELATIVE RELATIVE NNP 34823 6887 9 . . . 34823 6888 1 Abstinence abstinence NN 34823 6888 2 , , , 34823 6888 3 67ff 67ff NN 34823 6888 4 . . NN 34823 6888 5 , , , 34823 6888 6 484 484 CD 34823 6888 7 - - SYM 34823 6888 8 85 85 CD 34823 6888 9 . . . 34823 6889 1 See see VB 34823 6889 2 COST COST NNS 34823 6889 3 OF of IN 34823 6889 4 PRODUCTION production NN 34823 6889 5 , , , 34823 6889 6 INTEREST interest NN 34823 6889 7 . . . 34823 6890 1 Abstraction abstraction NN 34823 6890 2 , , , 34823 6890 3 legitimate legitimate JJ 34823 6890 4 and and CC 34823 6890 5 illegitimate illegitimate JJ 34823 6890 6 , , , 34823 6890 7 189 189 CD 34823 6890 8 - - SYM 34823 6890 9 90 90 CD 34823 6890 10 , , , 34823 6890 11 553 553 CD 34823 6890 12 - - SYM 34823 6890 13 54 54 CD 34823 6890 14 . . . 34823 6891 1 Acceptance Acceptance NNP 34823 6891 2 house house NN 34823 6891 3 , , , 34823 6891 4 497 497 CD 34823 6891 5 , , , 34823 6891 6 542 542 CD 34823 6891 7 . . . 34823 6892 1 Acquisition Acquisition NNP 34823 6892 2 _ _ NNP 34823 6892 3 vs. vs. IN 34823 6892 4 _ _ NNP 34823 6892 5 production production NN 34823 6892 6 , , , 34823 6892 7 482 482 CD 34823 6892 8 . . . 34823 6893 1 Adams Adams NNP 34823 6893 2 , , , 34823 6893 3 Brooks Brooks NNP 34823 6893 4 , , , 34823 6893 5 219 219 CD 34823 6893 6 . . . 34823 6894 1 Adams Adams NNP 34823 6894 2 , , , 34823 6894 3 T. T. NNP 34823 6894 4 S. S. NNP 34823 6894 5 , , , 34823 6894 6 13 13 CD 34823 6894 7 . . . 34823 6895 1 " " `` 34823 6895 2 Adaptation adaptation NN 34823 6895 3 , , , 34823 6895 4 " " '' 34823 6895 5 573 573 CD 34823 6895 6 , , , 34823 6895 7 n. n. NN 34823 6895 8 Advertising Advertising NNP 34823 6895 9 , , , 34823 6895 10 257 257 CD 34823 6895 11 - - SYM 34823 6895 12 58 58 CD 34823 6895 13 , , , 34823 6895 14 367 367 CD 34823 6895 15 , , , 34823 6895 16 565 565 CD 34823 6895 17 . . . 34823 6896 1 Agger Agger NNP 34823 6896 2 , , , 34823 6896 3 E. E. NNP 34823 6896 4 E. E. NNP 34823 6896 5 , , , 34823 6896 6 140 140 CD 34823 6896 7 , , , 34823 6896 8 n. n. NN 34823 6896 9 Agio Agio NNP 34823 6896 10 , , , 34823 6896 11 148 148 CD 34823 6896 12 - - SYM 34823 6896 13 50 50 CD 34823 6896 14 , , , 34823 6896 15 390 390 CD 34823 6896 16 , , , 34823 6896 17 442 442 CD 34823 6896 18 - - SYM 34823 6896 19 50 50 CD 34823 6896 20 . . . 34823 6897 1 See see VB 34823 6897 2 PREMIUM PREMIUM NNP 34823 6897 3 . . . 34823 6898 1 Agricultural agricultural JJ 34823 6898 2 credit credit NN 34823 6898 3 , , , 34823 6898 4 262 262 CD 34823 6898 5 , , , 34823 6898 6 318 318 CD 34823 6898 7 - - SYM 34823 6898 8 19 19 CD 34823 6898 9 , , , 34823 6898 10 430 430 CD 34823 6898 11 , , , 34823 6898 12 492 492 CD 34823 6898 13 , , , 34823 6898 14 504 504 CD 34823 6898 15 - - SYM 34823 6898 16 05 05 CD 34823 6898 17 , , , 34823 6898 18 528 528 CD 34823 6898 19 - - SYM 34823 6898 20 29 29 CD 34823 6898 21 . . . 34823 6899 1 " " `` 34823 6899 2 All all DT 34823 6899 3 other other JJ 34823 6899 4 deposits deposit NNS 34823 6899 5 , , , 34823 6899 6 " " `` 34823 6899 7 see see VB 34823 6899 8 " " '' 34823 6899 9 DEPOSITS DEPOSITS NNP 34823 6899 10 " " '' 34823 6899 11 in in IN 34823 6899 12 KINLEY KINLEY NNP 34823 6899 13 'S 's POS 34823 6899 14 FIGURES figures NN 34823 6899 15 . . . 34823 6900 1 _ _ NNP 34823 6900 2 Americas Americas NNPS 34823 6900 3 , , , 34823 6900 4 The the DT 34823 6900 5 _ _ NNP 34823 6900 6 , , , 34823 6900 7 540 540 CD 34823 6900 8 . . . 34823 6901 1 Analytical Analytical NNP 34823 6901 2 _ _ NNP 34823 6901 3 vs. vs. IN 34823 6901 4 _ _ NNP 34823 6901 5 historical historical JJ 34823 6901 6 theories theory NNS 34823 6901 7 , , , 34823 6901 8 397 397 CD 34823 6901 9 - - SYM 34823 6901 10 400 400 CD 34823 6901 11 . . . 34823 6902 1 See see VB 34823 6902 2 also also RB 34823 6902 3 HISTORICAL HISTORICAL NNP 34823 6902 4 _ _ NNP 34823 6902 5 vs. vs. IN 34823 6902 6 _ _ NNP 34823 6902 7 CROSS CROSS NNP 34823 6902 8 - - HYPH 34823 6902 9 SECTION section NN 34823 6902 10 VIEWPOINTS viewpoints NN 34823 6902 11 , , , 34823 6902 12 STATICS STATICS NNP 34823 6902 13 , , , 34823 6902 14 DYNAMICS DYNAMICS NNP 34823 6902 15 , , , 34823 6902 16 ETC ETC NNP 34823 6902 17 . . . 34823 6903 1 Andrew Andrew NNP 34823 6903 2 , , , 34823 6903 3 A. A. NNP 34823 6903 4 P. P. NNP 34823 6903 5 , , , 34823 6903 6 170 170 CD 34823 6903 7 , , , 34823 6903 8 n. n. NNP 34823 6903 9 , , , 34823 6903 10 179 179 CD 34823 6903 11 , , , 34823 6903 12 n. n. NNP 34823 6903 13 , , , 34823 6903 14 537 537 CD 34823 6903 15 . . . 34823 6904 1 Animism animism NN 34823 6904 2 , , , 34823 6904 3 social social JJ 34823 6904 4 explanation explanation NN 34823 6904 5 of of IN 34823 6904 6 , , , 34823 6904 7 16 16 CD 34823 6904 8 - - SYM 34823 6904 9 17 17 CD 34823 6904 10 . . . 34823 6905 1 Ansiaux Ansiaux NNP 34823 6905 2 , , , 34823 6905 3 M. M. NNP 34823 6905 4 , , , 34823 6905 5 4 4 CD 34823 6905 6 , , , 34823 6905 7 n. n. NN 34823 6905 8 " " `` 34823 6905 9 Appreciation appreciation NN 34823 6905 10 and and CC 34823 6905 11 interest interest NN 34823 6905 12 , , , 34823 6905 13 " " '' 34823 6905 14 76ff 76ff NN 34823 6905 15 . . . 34823 6905 16 , , , 34823 6905 17 333 333 CD 34823 6905 18 , , , 34823 6905 19 n. n. NN 34823 6905 20 See see VB 34823 6905 21 INTEREST interest NN 34823 6905 22 . . . 34823 6906 1 Aquinas Aquinas NNP 34823 6906 2 , , , 34823 6906 3 Thomas Thomas NNP 34823 6906 4 , , , 34823 6906 5 30 30 CD 34823 6906 6 . . . 34823 6907 1 Arbitrage arbitrage NN 34823 6907 2 , , , 34823 6907 3 268 268 CD 34823 6907 4 , , , 34823 6907 5 585 585 CD 34823 6907 6 . . . 34823 6908 1 Aristotle Aristotle NNP 34823 6908 2 , , , 34823 6908 3 118 118 CD 34823 6908 4 , , , 34823 6908 5 n. n. NNP 34823 6908 6 Ashley Ashley NNP 34823 6908 7 , , , 34823 6908 8 W. W. NNP 34823 6908 9 J. J. NNP 34823 6908 10 , , , 34823 6908 11 181 181 CD 34823 6908 12 , , , 34823 6908 13 n. n. NNP 34823 6908 14 Assets asset NNS 34823 6908 15 of of IN 34823 6908 16 banks bank NNS 34823 6908 17 , , , 34823 6908 18 285 285 CD 34823 6908 19 , , , 34823 6908 20 489 489 CD 34823 6908 21 - - SYM 34823 6908 22 97 97 CD 34823 6908 23 , , , 34823 6908 24 Ch Ch NNP 34823 6908 25 . . . 34823 6909 1 XXIV XXIV NNP 34823 6909 2 ; ; : 34823 6909 3 bonds bond NNS 34823 6909 4 in in IN 34823 6909 5 , , , 34823 6909 6 250 250 CD 34823 6909 7 , , , 34823 6909 8 488 488 CD 34823 6909 9 , , , 34823 6909 10 498 498 CD 34823 6909 11 , , , 34823 6909 12 506 506 CD 34823 6909 13 , , , 34823 6909 14 508 508 CD 34823 6909 15 , , , 34823 6909 16 523 523 CD 34823 6909 17 ; ; : 34823 6909 18 stocks stock NNS 34823 6909 19 in in IN 34823 6909 20 , , , 34823 6909 21 491 491 CD 34823 6909 22 - - SYM 34823 6909 23 93 93 CD 34823 6909 24 , , , 34823 6909 25 498 498 CD 34823 6909 26 , , , 34823 6909 27 506 506 CD 34823 6909 28 , , , 34823 6909 29 523 523 CD 34823 6909 30 ; ; : 34823 6909 31 stock stock NN 34823 6909 32 exchange exchange NN 34823 6909 33 items item NNS 34823 6909 34 chief chief JJ 34823 6909 35 factor factor NN 34823 6909 36 in in RP 34823 6909 37 , , , 34823 6909 38 Ch Ch NNP 34823 6909 39 . . . 34823 6910 1 XXIV XXIV NNP 34823 6910 2 , , , 34823 6910 3 especially especially RB 34823 6910 4 523ff 523ff JJ 34823 6910 5 . . . 34823 6911 1 See see VB 34823 6911 2 Loans loan NNS 34823 6911 3 , , , 34823 6911 4 " " `` 34823 6911 5 COMMERCIAL commercial JJ 34823 6911 6 PAPER paper NN 34823 6911 7 , , , 34823 6911 8 " " '' 34823 6911 9 COLLATERAL collateral NN 34823 6911 10 LOANS loan NNS 34823 6911 11 , , , 34823 6911 12 RESERVES reserve VBN 34823 6911 13 , , , 34823 6911 14 ETC ETC NNP 34823 6911 15 . . . 34823 6912 1 Atwood atwood NN 34823 6912 2 , , , 34823 6912 3 A. a. NN 34823 6912 4 W. W. NNP 34823 6912 5 , , , 34823 6912 6 173 173 CD 34823 6912 7 , , , 34823 6912 8 n. n. NN 34823 6912 9 Auspitz Auspitz NNP 34823 6912 10 and and CC 34823 6912 11 Lieben Lieben NNP 34823 6912 12 , , , 34823 6912 13 91 91 CD 34823 6912 14 , , , 34823 6912 15 n. n. NN 34823 6912 16 Austrian Austrian NNP 34823 6912 17 School School NNP 34823 6912 18 , , , 34823 6912 19 56 56 CD 34823 6912 20 , , , 34823 6912 21 70 70 CD 34823 6912 22 , , , 34823 6912 23 94 94 CD 34823 6912 24 , , , 34823 6912 25 300 300 CD 34823 6912 26 , , , 34823 6912 27 486 486 CD 34823 6912 28 , , , 34823 6912 29 562 562 CD 34823 6912 30 , , , 34823 6912 31 n. n. NNP 34823 6912 32 Austria Austria NNP 34823 6912 33 , , , 34823 6912 34 paper paper NN 34823 6912 35 money money NN 34823 6912 36 in in IN 34823 6912 37 , , , 34823 6912 38 140 140 CD 34823 6912 39 , , , 34823 6912 40 434 434 CD 34823 6912 41 , , , 34823 6912 42 n. n. NNP 34823 6912 43 ; ; : 34823 6912 44 foreign foreign JJ 34823 6912 45 exchange exchange NN 34823 6912 46 policy policy NN 34823 6912 47 of of IN 34823 6912 48 , , , 34823 6912 49 181 181 CD 34823 6912 50 - - SYM 34823 6912 51 82 82 CD 34823 6912 52 , , , 34823 6912 53 434 434 CD 34823 6912 54 , , , 34823 6912 55 n. n. NNP 34823 6912 56 , , , 34823 6912 57 444 444 CD 34823 6912 58 , , , 34823 6912 59 530 530 CD 34823 6912 60 ; ; : 34823 6912 61 money money NN 34823 6912 62 rates rate NNS 34823 6912 63 and and CC 34823 6912 64 interest interest NN 34823 6912 65 rates rate NNS 34823 6912 66 in in IN 34823 6912 67 , , , 34823 6912 68 429 429 CD 34823 6912 69 . . . 34823 6913 1 Averages average NNS 34823 6913 2 , , , 34823 6913 3 meaning mean VBG 34823 6913 4 of of IN 34823 6913 5 , , , 34823 6913 6 178 178 CD 34823 6913 7 , , , 34823 6913 8 292 292 CD 34823 6913 9 , , , 34823 6913 10 312 312 CD 34823 6913 11 - - SYM 34823 6913 12 13 13 CD 34823 6913 13 , , , 34823 6913 14 315 315 CD 34823 6913 15 . . . 34823 6914 1 See see VB 34823 6914 2 CAUSATION CAUSATION NNP 34823 6914 3 . . . 34823 6915 1 Weighted Weighted NNP 34823 6915 2 . . . 34823 6916 1 See see VB 34823 6916 2 WEIGHTING weighting NN 34823 6916 3 . . . 34823 6917 1 B B NNP 34823 6917 2 Babson Babson NNP 34823 6917 3 and and CC 34823 6917 4 May May NNP 34823 6917 5 , , , 34823 6917 6 501 501 CD 34823 6917 7 , , , 34823 6917 8 n. n. NN 34823 6917 9 Backwardation Backwardation NNP 34823 6917 10 , , , 34823 6917 11 146 146 CD 34823 6917 12 . . . 34823 6918 1 Bagehot Bagehot NNP 34823 6918 2 , , , 34823 6918 3 W. W. NNP 34823 6918 4 , , , 34823 6918 5 18 18 CD 34823 6918 6 , , , 34823 6918 7 37 37 CD 34823 6918 8 , , , 34823 6918 9 540 540 CD 34823 6918 10 , , , 34823 6918 11 n. n. NNP 34823 6918 12 , , , 34823 6918 13 580 580 CD 34823 6918 14 . . . 34823 6919 1 Baker Baker NNP 34823 6919 2 , , , 34823 6919 3 G. G. NNP 34823 6919 4 F. F. NNP 34823 6919 5 , , , 34823 6919 6 518 518 CD 34823 6919 7 , , , 34823 6919 8 519 519 CD 34823 6919 9 , , , 34823 6919 10 n. n. NNP 34823 6919 11 Balances Balances NNP 34823 6919 12 , , , 34823 6919 13 required require VBN 34823 6919 14 by by IN 34823 6919 15 banks bank NNS 34823 6919 16 , , , 34823 6919 17 173 173 CD 34823 6919 18 , , , 34823 6919 19 377 377 CD 34823 6919 20 . . . 34823 6920 1 Balance balance NN 34823 6920 2 of of IN 34823 6920 3 trade trade NN 34823 6920 4 , , , 34823 6920 5 320 320 CD 34823 6920 6 , , , 34823 6920 7 551 551 CD 34823 6920 8 . . . 34823 6921 1 Baldwin Baldwin NNP 34823 6921 2 , , , 34823 6921 3 J. J. NNP 34823 6921 4 M. M. NNP 34823 6921 5 , , , 34823 6921 6 18 18 CD 34823 6921 7 , , , 34823 6921 8 37 37 CD 34823 6921 9 . . . 34823 6922 1 Balkan balkan JJ 34823 6922 2 Crisis Crisis NNP 34823 6922 3 , , , 34823 6922 4 hoarding hoarding NN 34823 6922 5 of of IN 34823 6922 6 bank bank NN 34823 6922 7 - - HYPH 34823 6922 8 notes note NNS 34823 6922 9 in in IN 34823 6922 10 Austria Austria NNP 34823 6922 11 in in IN 34823 6922 12 , , , 34823 6922 13 140 140 CD 34823 6922 14 , , , 34823 6922 15 n. n. NN 34823 6922 16 Banks bank NNS 34823 6922 17 . . . 34823 6923 1 See see VB 34823 6923 2 ENGLAND ENGLAND NNP 34823 6923 3 , , , 34823 6923 4 BANK BANK NNP 34823 6923 5 OF of IN 34823 6923 6 , , , 34823 6923 7 STATE STATE NNP 34823 6923 8 BANKS BANKS NNPS 34823 6923 9 , , , 34823 6923 10 PRIVATE private JJ 34823 6923 11 BANKS bank NNS 34823 6923 12 , , , 34823 6923 13 ETC ETC NNP 34823 6923 14 . . . 34823 6924 1 As as IN 34823 6924 2 book book NN 34823 6924 3 - - HYPH 34823 6924 4 keepers keeper NNS 34823 6924 5 for for IN 34823 6924 6 business business NN 34823 6924 7 , , , 34823 6924 8 365 365 CD 34823 6924 9 ; ; : 34823 6924 10 correspondent correspondent NN 34823 6924 11 relations relation NNS 34823 6924 12 of of IN 34823 6924 13 , , , 34823 6924 14 355 355 CD 34823 6924 15 , , , 34823 6924 16 n. n. NNP 34823 6924 17 ; ; : 34823 6924 18 bank bank NNP 34823 6924 19 capital capital NN 34823 6924 20 , , , 34823 6924 21 489 489 CD 34823 6924 22 , , , 34823 6924 23 491 491 CD 34823 6924 24 , , , 34823 6924 25 524 524 CD 34823 6924 26 ; ; : 34823 6924 27 bank bank NN 34823 6924 28 - - HYPH 34823 6924 29 credit credit NN 34823 6924 30 , , , 34823 6924 31 Ch Ch NNP 34823 6924 32 . . . 34823 6925 1 IX ix NN 34823 6925 2 , , , 34823 6925 3 261 261 CD 34823 6925 4 , , , 34823 6925 5 484ff 484ff NNP 34823 6925 6 . . NNP 34823 6925 7 , , , 34823 6925 8 489 489 CD 34823 6925 9 - - SYM 34823 6925 10 97 97 CD 34823 6925 11 , , , 34823 6925 12 Ch Ch NNP 34823 6925 13 . . . 34823 6926 1 XXIV xxiv NN 34823 6926 2 ; ; : 34823 6926 3 elasticity elasticity NN 34823 6926 4 of of IN 34823 6926 5 , , , 34823 6926 6 129 129 CD 34823 6926 7 , , , 34823 6926 8 183 183 CD 34823 6926 9 , , , 34823 6926 10 216 216 CD 34823 6926 11 , , , 34823 6926 12 281 281 CD 34823 6926 13 - - SYM 34823 6926 14 88 88 CD 34823 6926 15 , , , 34823 6926 16 299 299 CD 34823 6926 17 , , , 34823 6926 18 320 320 CD 34823 6926 19 ; ; : 34823 6926 20 relation relation NN 34823 6926 21 of of IN 34823 6926 22 , , , 34823 6926 23 to to TO 34823 6926 24 trade trade VB 34823 6926 25 , , , 34823 6926 26 260ff 260ff JJ 34823 6926 27 . . . 34823 6926 28 , , , 34823 6926 29 281 281 CD 34823 6926 30 . . . 34823 6927 1 See see VB 34823 6927 2 Trade Trade NNP 34823 6927 3 . . . 34823 6928 1 Functions function NNS 34823 6928 2 of of IN 34823 6928 3 , , , 34823 6928 4 484 484 CD 34823 6928 5 - - SYM 34823 6928 6 89 89 CD 34823 6928 7 , , , 34823 6928 8 492 492 CD 34823 6928 9 - - SYM 34823 6928 10 95 95 CD 34823 6928 11 . . . 34823 6929 1 See see VB 34823 6929 2 CREDIT CREDIT NNP 34823 6929 3 , , , 34823 6929 4 FUNCTIONS FUNCTIONS NNP 34823 6929 5 OF of IN 34823 6929 6 . . . 34823 6930 1 Technique technique NN 34823 6930 2 of of IN 34823 6930 3 , , , 34823 6930 4 489 489 CD 34823 6930 5 - - SYM 34823 6930 6 97 97 CD 34823 6930 7 , , , 34823 6930 8 Ch Ch NNP 34823 6930 9 . . . 34823 6931 1 XXIV XXIV NNP 34823 6931 2 ; ; : 34823 6931 3 bank bank NN 34823 6931 4 - - HYPH 34823 6931 5 drafts draft NNS 34823 6931 6 , , , 34823 6931 7 355 355 CD 34823 6931 8 - - SYM 34823 6931 9 58 58 CD 34823 6931 10 , , , 34823 6931 11 367 367 CD 34823 6931 12 ; ; : 34823 6931 13 on on IN 34823 6931 14 New New NNP 34823 6931 15 York York NNP 34823 6931 16 and and CC 34823 6931 17 other other JJ 34823 6931 18 centers center NNS 34823 6931 19 , , , 34823 6931 20 356 356 CD 34823 6931 21 - - SYM 34823 6931 22 58 58 CD 34823 6931 23 ; ; : 34823 6931 24 bank bank NN 34823 6931 25 - - HYPH 34823 6931 26 notes note NNS 34823 6931 27 , , , 34823 6931 28 129 129 CD 34823 6931 29 , , , 34823 6931 30 139 139 CD 34823 6931 31 , , , 34823 6931 32 n. n. NNP 34823 6931 33 , , , 34823 6931 34 289 289 CD 34823 6931 35 , , , 34823 6931 36 322 322 CD 34823 6931 37 - - SYM 34823 6931 38 23 23 CD 34823 6931 39 , , , 34823 6931 40 447 447 CD 34823 6931 41 , , , 34823 6931 42 448 448 CD 34823 6931 43 , , , 34823 6931 44 472 472 CD 34823 6931 45 , , , 34823 6931 46 473 473 CD 34823 6931 47 , , , 34823 6931 48 487 487 CD 34823 6931 49 , , , 34823 6931 50 495 495 CD 34823 6931 51 , , , 34823 6931 52 496 496 CD 34823 6931 53 , , , 34823 6931 54 511 511 CD 34823 6931 55 , , , 34823 6931 56 530 530 CD 34823 6931 57 , , , 34823 6931 58 539 539 CD 34823 6931 59 ; ; : 34823 6931 60 as as IN 34823 6931 61 " " `` 34823 6931 62 capital capital NN 34823 6931 63 , , , 34823 6931 64 " " '' 34823 6931 65 261 261 CD 34823 6931 66 , , , 34823 6931 67 484 484 CD 34823 6931 68 - - SYM 34823 6931 69 88 88 CD 34823 6931 70 ; ; : 34823 6931 71 elasticity elasticity NN 34823 6931 72 of of IN 34823 6931 73 , , , 34823 6931 74 129 129 CD 34823 6931 75 , , , 34823 6931 76 298 298 CD 34823 6931 77 , , , 34823 6931 78 448 448 CD 34823 6931 79 . . . 34823 6932 1 Banking Banking NNP 34823 6932 2 School School NNP 34823 6932 3 , , , 34823 6932 4 283ff 283ff NNP 34823 6932 5 . . . 34823 6932 6 , , , 34823 6932 7 395 395 CD 34823 6932 8 . . . 34823 6933 1 See see VB 34823 6933 2 CURRENCY CURRENCY NNP 34823 6933 3 SCHOOL SCHOOL NNP 34823 6933 4 . . . 34823 6934 1 Banker Banker NNP 34823 6934 2 as as IN 34823 6934 3 centre centre NN 34823 6934 4 of of IN 34823 6934 5 power power NN 34823 6934 6 , , , 34823 6934 7 32 32 CD 34823 6934 8 , , , 34823 6934 9 466 466 CD 34823 6934 10 , , , 34823 6934 11 484ff 484ff NNP 34823 6934 12 . . NNP 34823 6934 13 , , , 34823 6934 14 577 577 CD 34823 6934 15 , , , 34823 6934 16 583 583 CD 34823 6934 17 . . . 34823 6935 1 Banker Banker NNP 34823 6935 2 's 's POS 34823 6935 3 psychology psychology NN 34823 6935 4 , , , 34823 6935 5 141 141 CD 34823 6935 6 , , , 34823 6935 7 304 304 CD 34823 6935 8 . . . 34823 6936 1 Barbour Barbour NNP 34823 6936 2 , , , 34823 6936 3 David David NNP 34823 6936 4 , , , 34823 6936 5 154 154 CD 34823 6936 6 , , , 34823 6936 7 218 218 CD 34823 6936 8 , , , 34823 6936 9 n. n. NN 34823 6936 10 Barnett Barnett NNP 34823 6936 11 , , , 34823 6936 12 G. G. NNP 34823 6936 13 E. E. NNP 34823 6936 14 , , , 34823 6936 15 347 347 CD 34823 6936 16 , , , 34823 6936 17 n. n. NNP 34823 6936 18 Barter Barter NNP 34823 6936 19 , , , 34823 6936 20 99 99 CD 34823 6936 21 , , , 34823 6936 22 100 100 CD 34823 6936 23 , , , 34823 6936 24 130 130 CD 34823 6936 25 , , , 34823 6936 26 133 133 CD 34823 6936 27 , , , 34823 6936 28 Ch Ch NNP 34823 6936 29 . . . 34823 6937 1 XI XI NNP 34823 6937 2 , , , 34823 6937 3 220 220 CD 34823 6937 4 , , , 34823 6937 5 226 226 CD 34823 6937 6 , , , 34823 6937 7 265 265 CD 34823 6937 8 , , , 34823 6937 9 369 369 CD 34823 6937 10 , , , 34823 6937 11 394 394 CD 34823 6937 12 , , , 34823 6937 13 404 404 CD 34823 6937 14 - - SYM 34823 6937 15 07 07 CD 34823 6937 16 , , , 34823 6937 17 419 419 CD 34823 6937 18 - - SYM 34823 6937 19 21 21 CD 34823 6937 20 , , , 34823 6937 21 493 493 CD 34823 6937 22 , , , 34823 6937 23 536 536 CD 34823 6937 24 ; ; : 34823 6937 25 highly highly RB 34823 6937 26 important important JJ 34823 6937 27 in in IN 34823 6937 28 modern modern JJ 34823 6937 29 life life NN 34823 6937 30 , , , 34823 6937 31 Ch Ch NNP 34823 6937 32 . . . 34823 6938 1 XI XI NNP 34823 6938 2 , , , 34823 6938 3 394 394 CD 34823 6938 4 ; ; : 34823 6938 5 made make VBN 34823 6938 6 easier easy JJR 34823 6938 7 by by IN 34823 6938 8 money money NN 34823 6938 9 as as IN 34823 6938 10 a a DT 34823 6938 11 measure measure NN 34823 6938 12 of of IN 34823 6938 13 values value NNS 34823 6938 14 , , , 34823 6938 15 201 201 CD 34823 6938 16 , , , 34823 6938 17 394 394 CD 34823 6938 18 , , , 34823 6938 19 421 421 CD 34823 6938 20 ; ; : 34823 6938 21 intellectual intellectual JJ 34823 6938 22 difficulties difficulty NNS 34823 6938 23 of of IN 34823 6938 24 , , , 34823 6938 25 418 418 CD 34823 6938 26 - - SYM 34823 6938 27 20 20 CD 34823 6938 28 ; ; : 34823 6938 29 physical physical JJ 34823 6938 30 difficulties difficulty NNS 34823 6938 31 of of IN 34823 6938 32 , , , 34823 6938 33 423 423 CD 34823 6938 34 . . . 34823 6939 1 Bastiat Bastiat NNP 34823 6939 2 , , , 34823 6939 3 F. F. NNP 34823 6939 4 , , , 34823 6939 5 552 552 CD 34823 6939 6 . . . 34823 6940 1 Bears bear NNS 34823 6940 2 . . . 34823 6941 1 See see VB 34823 6941 2 BULLS bull NNS 34823 6941 3 AND and CC 34823 6941 4 BEARS bear NNS 34823 6941 5 . . . 34823 6942 1 " " `` 34823 6942 2 Bearer Bearer NNP 34823 6942 3 of of IN 34823 6942 4 options option NNS 34823 6942 5 " " `` 34823 6942 6 function function NN 34823 6942 7 of of IN 34823 6942 8 money money NN 34823 6942 9 , , , 34823 6942 10 148 148 CD 34823 6942 11 , , , 34823 6942 12 201 201 CD 34823 6942 13 , , , 34823 6942 14 314 314 CD 34823 6942 15 , , , 34823 6942 16 n. n. NNP 34823 6942 17 , , , 34823 6942 18 418 418 CD 34823 6942 19 , , , 34823 6942 20 424 424 CD 34823 6942 21 - - SYM 34823 6942 22 32 32 CD 34823 6942 23 , , , 34823 6942 24 436 436 CD 34823 6942 25 , , , 34823 6942 26 442 442 CD 34823 6942 27 , , , 34823 6942 28 451 451 CD 34823 6942 29 , , , 34823 6942 30 495 495 CD 34823 6942 31 , , , 34823 6942 32 536 536 CD 34823 6942 33 , , , 34823 6942 34 543 543 CD 34823 6942 35 ; ; : 34823 6942 36 distinguished distinguish VBN 34823 6942 37 from from IN 34823 6942 38 store store NN 34823 6942 39 of of IN 34823 6942 40 value value NN 34823 6942 41 , , , 34823 6942 42 425 425 CD 34823 6942 43 ; ; : 34823 6942 44 dynamic dynamic JJ 34823 6942 45 function function NN 34823 6942 46 of of IN 34823 6942 47 money money NN 34823 6942 48 _ _ NNP 34823 6942 49 par par NN 34823 6942 50 excellence excellence NN 34823 6942 51 _ _ NNP 34823 6942 52 , , , 34823 6942 53 426 426 CD 34823 6942 54 , , , 34823 6942 55 495 495 CD 34823 6942 56 , , , 34823 6942 57 536 536 CD 34823 6942 58 ; ; : 34823 6942 59 reserve reserve VB 34823 6942 60 function function NN 34823 6942 61 a a DT 34823 6942 62 special special JJ 34823 6942 63 case case NN 34823 6942 64 of of IN 34823 6942 65 , , , 34823 6942 66 426 426 CD 34823 6942 67 , , , 34823 6942 68 n. n. NNP 34823 6942 69 , , , 34823 6942 70 536ff 536ff NNP 34823 6942 71 . . . 34823 6943 1 Belgium Belgium NNP 34823 6943 2 , , , 34823 6943 3 National National NNP 34823 6943 4 Bank Bank NNP 34823 6943 5 of of IN 34823 6943 6 , , , 34823 6943 7 182 182 CD 34823 6943 8 . . . 34823 6944 1 Belief belief NN 34823 6944 2 , , , 34823 6944 3 as as IN 34823 6944 4 element element NN 34823 6944 5 in in IN 34823 6944 6 values value NNS 34823 6944 7 , , , 34823 6944 8 40 40 CD 34823 6944 9 , , , 34823 6944 10 136 136 CD 34823 6944 11 , , , 34823 6944 12 462 462 CD 34823 6944 13 - - SYM 34823 6944 14 68 68 CD 34823 6944 15 , , , 34823 6944 16 486ff 486ff NNP 34823 6944 17 . . NNP 34823 6944 18 , , , 34823 6944 19 574 574 CD 34823 6944 20 - - SYM 34823 6944 21 75 75 CD 34823 6944 22 ; ; : 34823 6944 23 relation relation NN 34823 6944 24 of of IN 34823 6944 25 , , , 34823 6944 26 to to IN 34823 6944 27 credit credit NN 34823 6944 28 , , , 34823 6944 29 262 262 CD 34823 6944 30 , , , 34823 6944 31 n. n. NNP 34823 6944 32 , , , 34823 6944 33 462 462 CD 34823 6944 34 - - SYM 34823 6944 35 68 68 CD 34823 6944 36 , , , 34823 6944 37 486ff 486ff NNP 34823 6944 38 . . NNP 34823 6944 39 , , , 34823 6944 40 581 581 CD 34823 6944 41 . . . 34823 6945 1 See see VB 34823 6945 2 CREDIT CREDIT NNP 34823 6945 3 . . . 34823 6946 1 Bendixen Bendixen NNP 34823 6946 2 , , , 34823 6946 3 F. F. NNP 34823 6946 4 , , , 34823 6946 5 435 435 CD 34823 6946 6 , , , 34823 6946 7 n. n. NN 34823 6946 8 Bergson Bergson NNP 34823 6946 9 , , , 34823 6946 10 H. H. NNP 34823 6946 11 , , , 34823 6946 12 579 579 CD 34823 6946 13 , , , 34823 6946 14 n. n. NN 34823 6946 15 Bilgram Bilgram NNP 34823 6946 16 , , , 34823 6946 17 H. H. NNP 34823 6946 18 , , , 34823 6946 19 3 3 CD 34823 6946 20 , , , 34823 6946 21 n. n. NNP 34823 6946 22 Bills Bills NNP 34823 6946 23 of of IN 34823 6946 24 exchange exchange NN 34823 6946 25 , , , 34823 6946 26 167 167 CD 34823 6946 27 , , , 34823 6946 28 181 181 CD 34823 6946 29 - - SYM 34823 6946 30 82 82 CD 34823 6946 31 , , , 34823 6946 32 201 201 CD 34823 6946 33 , , , 34823 6946 34 254 254 CD 34823 6946 35 - - SYM 34823 6946 36 55 55 CD 34823 6946 37 , , , 34823 6946 38 288 288 CD 34823 6946 39 - - SYM 34823 6946 40 90 90 CD 34823 6946 41 , , , 34823 6946 42 369 369 CD 34823 6946 43 , , , 34823 6946 44 444 444 CD 34823 6946 45 , , , 34823 6946 46 490 490 CD 34823 6946 47 - - SYM 34823 6946 48 91 91 CD 34823 6946 49 , , , 34823 6946 50 530 530 CD 34823 6946 51 ; ; : 34823 6946 52 speculation speculation NN 34823 6946 53 in in IN 34823 6946 54 , , , 34823 6946 55 254 254 CD 34823 6946 56 - - SYM 34823 6946 57 55 55 CD 34823 6946 58 , , , 34823 6946 59 514 514 CD 34823 6946 60 , , , 34823 6946 61 515 515 CD 34823 6946 62 , , , 34823 6946 63 n. n. NNP 34823 6946 64 ; ; : 34823 6946 65 as as IN 34823 6946 66 reserves reserve NNS 34823 6946 67 , , , 34823 6946 68 181 181 CD 34823 6946 69 - - SYM 34823 6946 70 82 82 CD 34823 6946 71 , , , 34823 6946 72 444 444 CD 34823 6946 73 , , , 34823 6946 74 530 530 CD 34823 6946 75 . . . 34823 6947 1 See see VB 34823 6947 2 also also RB 34823 6947 3 FOREIGN foreign JJ 34823 6947 4 BILLS bill NNS 34823 6947 5 , , , 34823 6947 6 AND and CC 34823 6947 7 GOLD GOLD NNP 34823 6947 8 MOVEMENTS MOVEMENTS NNP 34823 6947 9 , , , 34823 6947 10 INTERNATIONAL INTERNATIONAL NNP 34823 6947 11 . . . 34823 6948 1 Bimetallism Bimetallism NNP 34823 6948 2 , , , 34823 6948 3 219 219 CD 34823 6948 4 , , , 34823 6948 5 n. n. NNP 34823 6948 6 , , , 34823 6948 7 221 221 CD 34823 6948 8 ; ; : 34823 6948 9 not not RB 34823 6948 10 logically logically RB 34823 6948 11 related relate VBN 34823 6948 12 to to IN 34823 6948 13 quantity quantity NN 34823 6948 14 theory theory NN 34823 6948 15 , , , 34823 6948 16 219 219 CD 34823 6948 17 , , , 34823 6948 18 n. n. NN 34823 6948 19 Biological biological JJ 34823 6948 20 factors factor NNS 34823 6948 21 in in IN 34823 6948 22 social social JJ 34823 6948 23 life life NN 34823 6948 24 , , , 34823 6948 25 571 571 CD 34823 6948 26 - - SYM 34823 6948 27 73 73 CD 34823 6948 28 , , , 34823 6948 29 590 590 CD 34823 6948 30 . . . 34823 6949 1 Böhm Böhm NNP 34823 6949 2 - - HYPH 34823 6949 3 Bawerk Bawerk NNP 34823 6949 4 , , , 34823 6949 5 E. E. NNP 34823 6949 6 von von NNP 34823 6949 7 , , , 34823 6949 8 9 9 CD 34823 6949 9 , , , 34823 6949 10 n. n. NNP 34823 6949 11 , , , 34823 6949 12 44 44 CD 34823 6949 13 , , , 34823 6949 14 48 48 CD 34823 6949 15 , , , 34823 6949 16 51 51 CD 34823 6949 17 , , , 34823 6949 18 70 70 CD 34823 6949 19 , , , 34823 6949 20 78 78 CD 34823 6949 21 , , , 34823 6949 22 n. n. NNP 34823 6949 23 , , , 34823 6949 24 91 91 CD 34823 6949 25 , , , 34823 6949 26 94 94 CD 34823 6949 27 , , , 34823 6949 28 96 96 CD 34823 6949 29 , , , 34823 6949 30 n. n. NNP 34823 6949 31 , , , 34823 6949 32 113 113 CD 34823 6949 33 , , , 34823 6949 34 n. n. NNP 34823 6949 35 , , , 34823 6949 36 146 146 CD 34823 6949 37 , , , 34823 6949 38 n. n. NNP 34823 6949 39 , , , 34823 6949 40 301 301 CD 34823 6949 41 , , , 34823 6949 42 n. n. NNP 34823 6949 43 , , , 34823 6949 44 303 303 CD 34823 6949 45 , , , 34823 6949 46 n. n. NNP 34823 6949 47 , , , 34823 6949 48 437 437 CD 34823 6949 49 , , , 34823 6949 50 563 563 CD 34823 6949 51 , , , 34823 6949 52 n. n. NNP 34823 6949 53 Bonds Bonds NNP 34823 6949 54 , , , 34823 6949 55 as as IN 34823 6949 56 bearers bearer NNS 34823 6949 57 of of IN 34823 6949 58 options option NNS 34823 6949 59 , , , 34823 6949 60 147 147 CD 34823 6949 61 - - SYM 34823 6949 62 48 48 CD 34823 6949 63 , , , 34823 6949 64 425 425 CD 34823 6949 65 , , , 34823 6949 66 428 428 CD 34823 6949 67 ; ; : 34823 6949 68 listed list VBN 34823 6949 69 , , , 34823 6949 70 sold sell VBN 34823 6949 71 " " '' 34823 6949 72 over over IN 34823 6949 73 the the DT 34823 6949 74 counter counter NN 34823 6949 75 , , , 34823 6949 76 " " '' 34823 6949 77 250 250 CD 34823 6949 78 , , , 34823 6949 79 514 514 CD 34823 6949 80 ; ; : 34823 6949 81 bonds bond NNS 34823 6949 82 sold sell VBN 34823 6949 83 on on IN 34823 6949 84 Stock Stock NNP 34823 6949 85 Exchange Exchange NNP 34823 6949 86 , , , 34823 6949 87 not not RB 34823 6949 88 " " `` 34823 6949 89 cleared clear VBN 34823 6949 90 , , , 34823 6949 91 " " '' 34823 6949 92 370 370 CD 34823 6949 93 ; ; , 34823 6949 94 held hold VBN 34823 6949 95 by by IN 34823 6949 96 banks bank NNS 34823 6949 97 . . . 34823 6950 1 See see VB 34823 6950 2 ASSETS asset NNS 34823 6950 3 OF of IN 34823 6950 4 BANKS bank NNS 34823 6950 5 . . . 34823 6951 1 " " `` 34823 6951 2 One one CD 34823 6951 3 house house NN 34823 6951 4 bond bond NN 34823 6951 5 , , , 34823 6951 6 " " `` 34823 6951 7 147 147 CD 34823 6951 8 . . . 34823 6952 1 Book book NN 34823 6952 2 - - HYPH 34823 6952 3 credit credit NN 34823 6952 4 See See NNP 34823 6952 5 CREDIT CREDIT NNP 34823 6952 6 . . . 34823 6953 1 " " `` 34823 6953 2 Borrowing borrowing NN 34823 6953 3 and and CC 34823 6953 4 carrying carry VBG 34823 6953 5 , , , 34823 6953 6 " " `` 34823 6953 7 See see VB 34823 6953 8 STOCKS stock NNS 34823 6953 9 . . . 34823 6954 1 Bosanquet Bosanquet NNP 34823 6954 2 , , , 34823 6954 3 B. B. NNP 34823 6954 4 , , , 34823 6954 5 18 18 CD 34823 6954 6 , , , 34823 6954 7 n. n. NN 34823 6954 8 Boston Boston NNP 34823 6954 9 , , , 34823 6954 10 289 289 CD 34823 6954 11 , , , 34823 6954 12 n. n. NNP 34823 6954 13 , , , 34823 6954 14 354 354 CD 34823 6954 15 , , , 34823 6954 16 368 368 CD 34823 6954 17 , , , 34823 6954 18 429 429 CD 34823 6954 19 n. n. NN 34823 6954 20 , , , 34823 6954 21 503 503 CD 34823 6954 22 . . . 34823 6955 1 Brassage brassage NN 34823 6955 2 , , , 34823 6955 3 450 450 CD 34823 6955 4 . . . 34823 6956 1 Brokers broker NNS 34823 6956 2 , , , 34823 6956 3 168 168 CD 34823 6956 4 , , , 34823 6956 5 199 199 CD 34823 6956 6 , , , 34823 6956 7 235 235 CD 34823 6956 8 , , , 34823 6956 9 287 287 CD 34823 6956 10 , , , 34823 6956 11 n. n. NNP 34823 6956 12 , , , 34823 6956 13 367 367 CD 34823 6956 14 - - SYM 34823 6956 15 68 68 CD 34823 6956 16 , , , 34823 6956 17 371 371 CD 34823 6956 18 , , , 34823 6956 19 372 372 CD 34823 6956 20 , , , 34823 6956 21 374 374 CD 34823 6956 22 - - SYM 34823 6956 23 79 79 CD 34823 6956 24 , , , 34823 6956 25 409 409 CD 34823 6956 26 , , , 34823 6956 27 496 496 CD 34823 6956 28 - - SYM 34823 6956 29 97 97 CD 34823 6956 30 , , , 34823 6956 31 429 429 CD 34823 6956 32 , , , 34823 6956 33 n. n. NNP 34823 6956 34 , , , 34823 6956 35 521 521 CD 34823 6956 36 , , , 34823 6956 37 n. n. NNP 34823 6956 38 , , , 34823 6956 39 531 531 CD 34823 6956 40 , , , 34823 6956 41 575 575 CD 34823 6956 42 . . . 34823 6957 1 Brown Brown NNP 34823 6957 2 , , , 34823 6957 3 H. H. NNP 34823 6957 4 G. G. NNP 34823 6957 5 , , , 34823 6957 6 301 301 CD 34823 6957 7 , , , 34823 6957 8 n. n. NN 34823 6957 9 Business business NN 34823 6957 10 , , , 34823 6957 11 speculation speculation NN 34823 6957 12 in in IN 34823 6957 13 , , , 34823 6957 14 252ff 252ff NN 34823 6957 15 . . . 34823 6958 1 " " `` 34823 6958 2 Business business NN 34823 6958 3 capital capital NN 34823 6958 4 " " '' 34823 6958 5 vs. vs. FW 34823 6958 6 capital capital NN 34823 6958 7 - - HYPH 34823 6958 8 goods good NNS 34823 6958 9 , , , 34823 6958 10 482 482 CD 34823 6958 11 , , , 34823 6958 12 484ff 484ff NNP 34823 6958 13 . . NNP 34823 6958 14 , , , 34823 6958 15 560 560 CD 34823 6958 16 - - SYM 34823 6958 17 61 61 CD 34823 6958 18 , , , 34823 6958 19 569 569 CD 34823 6958 20 , , , 34823 6958 21 580 580 CD 34823 6958 22 - - SYM 34823 6958 23 82 82 CD 34823 6958 24 . . . 34823 6959 1 See see VB 34823 6959 2 also also RB 34823 6959 3 " " `` 34823 6959 4 GOOD good JJ 34823 6959 5 WILL WILL MD 34823 6959 6 , , , 34823 6959 7 " " `` 34823 6959 8 STATICS statics NN 34823 6959 9 , , , 34823 6959 10 DYNAMICS DYNAMICS NNP 34823 6959 11 , , , 34823 6959 12 FRICTION FRICTION NNP 34823 6959 13 , , , 34823 6959 14 ETC ETC NNP 34823 6959 15 . . . 34823 6960 1 Business business NN 34823 6960 2 confidence confidence NN 34823 6960 3 , , , 34823 6960 4 40 40 CD 34823 6960 5 - - SYM 34823 6960 6 41 41 CD 34823 6960 7 , , , 34823 6960 8 97 97 CD 34823 6960 9 , , , 34823 6960 10 118 118 CD 34823 6960 11 , , , 34823 6960 12 185 185 CD 34823 6960 13 , , , 34823 6960 14 210 210 CD 34823 6960 15 - - SYM 34823 6960 16 11 11 CD 34823 6960 17 , , , 34823 6960 18 214 214 CD 34823 6960 19 , , , 34823 6960 20 463 463 CD 34823 6960 21 - - SYM 34823 6960 22 68 68 CD 34823 6960 23 , , , 34823 6960 24 530 530 CD 34823 6960 25 - - SYM 34823 6960 26 31 31 CD 34823 6960 27 , , , 34823 6960 28 536 536 CD 34823 6960 29 , , , 34823 6960 30 574 574 CD 34823 6960 31 - - SYM 34823 6960 32 75 75 CD 34823 6960 33 , , , 34823 6960 34 577 577 CD 34823 6960 35 . . . 34823 6960 36 Business business NN 34823 6960 37 cycle cycle NN 34823 6960 38 , , , 34823 6960 39 187 187 CD 34823 6960 40 - - SYM 34823 6960 41 89 89 CD 34823 6960 42 , , , 34823 6960 43 254 254 CD 34823 6960 44 , , , 34823 6960 45 548 548 CD 34823 6960 46 - - SYM 34823 6960 47 49 49 CD 34823 6960 48 , , , 34823 6960 49 555 555 CD 34823 6960 50 , , , 34823 6960 51 573 573 CD 34823 6960 52 - - SYM 34823 6960 53 75 75 CD 34823 6960 54 . . . 34823 6961 1 " " `` 34823 6961 2 Business business NN 34823 6961 3 distrust distrust NN 34823 6961 4 , , , 34823 6961 5 " " '' 34823 6961 6 426 426 CD 34823 6961 7 , , , 34823 6961 8 427 427 CD 34823 6961 9 , , , 34823 6961 10 n. n. NN 34823 6961 11 Business Business NNP 34823 6961 12 man man NN 34823 6961 13 _ _ NNP 34823 6961 14 vs. vs. IN 34823 6961 15 _ _ NNP 34823 6961 16 economist economist NN 34823 6961 17 , , , 34823 6961 18 as as IN 34823 6961 19 value value NN 34823 6961 20 theorist theorist NN 34823 6961 21 , , , 34823 6961 22 573 573 CD 34823 6961 23 - - SYM 34823 6961 24 78 78 CD 34823 6961 25 . . . 34823 6962 1 Bulls bull NNS 34823 6962 2 and and CC 34823 6962 3 bears bear NNS 34823 6962 4 , , , 34823 6962 5 145 145 CD 34823 6962 6 , , , 34823 6962 7 371 371 CD 34823 6962 8 - - SYM 34823 6962 9 73 73 CD 34823 6962 10 , , , 34823 6962 11 406 406 CD 34823 6962 12 , , , 34823 6962 13 471 471 CD 34823 6962 14 - - SYM 34823 6962 15 72 72 CD 34823 6962 16 , , , 34823 6962 17 522 522 CD 34823 6962 18 , , , 34823 6962 19 576 576 CD 34823 6962 20 , , , 34823 6962 21 579 579 CD 34823 6962 22 . . . 34823 6963 1 " " `` 34823 6963 2 Buying buying NN 34823 6963 3 price price NN 34823 6963 4 " " '' 34823 6963 5 _ _ NNP 34823 6963 6 vs. vs. IN 34823 6963 7 _ _ NNP 34823 6963 8 " " '' 34823 6963 9 selling selling NN 34823 6963 10 price price NN 34823 6963 11 , , , 34823 6963 12 " " '' 34823 6963 13 402 402 CD 34823 6963 14 - - HYPH 34823 6963 15 04 04 CD 34823 6963 16 , , , 34823 6963 17 406 406 CD 34823 6963 18 - - SYM 34823 6963 19 07 07 CD 34823 6963 20 , , , 34823 6963 21 476 476 CD 34823 6963 22 . . . 34823 6964 1 C C NNP 34823 6964 2 Cairnes Cairnes NNP 34823 6964 3 , , , 34823 6964 4 J. J. NNP 34823 6964 5 E. E. NNP 34823 6964 6 , , , 34823 6964 7 47 47 CD 34823 6964 8 , , , 34823 6964 9 50 50 CD 34823 6964 10 , , , 34823 6964 11 55 55 CD 34823 6964 12 , , , 34823 6964 13 n. n. NNP 34823 6964 14 , , , 34823 6964 15 57 57 CD 34823 6964 16 - - SYM 34823 6964 17 59 59 CD 34823 6964 18 , , , 34823 6964 19 62 62 CD 34823 6964 20 , , , 34823 6964 21 64 64 CD 34823 6964 22 , , , 34823 6964 23 67 67 CD 34823 6964 24 - - SYM 34823 6964 25 69 69 CD 34823 6964 26 , , , 34823 6964 27 220 220 CD 34823 6964 28 , , , 34823 6964 29 n. n. NNP 34823 6964 30 , , , 34823 6964 31 428 428 CD 34823 6964 32 , , , 34823 6964 33 n. n. NNP 34823 6964 34 Call call VB 34823 6964 35 loans loan NNS 34823 6964 36 , , , 34823 6964 37 73 73 CD 34823 6964 38 , , , 34823 6964 39 n. n. NNP 34823 6964 40 , , , 34823 6964 41 375 375 CD 34823 6964 42 - - SYM 34823 6964 43 78 78 CD 34823 6964 44 , , , 34823 6964 45 382 382 CD 34823 6964 46 , , , 34823 6964 47 425 425 CD 34823 6964 48 , , , 34823 6964 49 428ff 428ff CD 34823 6964 50 . . . 34823 6965 1 ; ; : 34823 6965 2 as as IN 34823 6965 3 " " `` 34823 6965 4 bearers bearer NNS 34823 6965 5 of of IN 34823 6965 6 options option NNS 34823 6965 7 , , , 34823 6965 8 " " '' 34823 6965 9 425 425 CD 34823 6965 10 , , , 34823 6965 11 428ff 428ff JJ 34823 6965 12 . . . 34823 6966 1 Call call VB 34823 6966 2 rates rate NNS 34823 6966 3 , , , 34823 6966 4 why why WRB 34823 6966 5 low low JJ 34823 6966 6 , , , 34823 6966 7 428ff 428ff JJ 34823 6966 8 . . . 34823 6967 1 See see VB 34823 6967 2 MONEY money NN 34823 6967 3 RATES rate NNS 34823 6967 4 , , , 34823 6967 5 INTEREST interest NN 34823 6967 6 . . . 34823 6968 1 Canada Canada NNP 34823 6968 2 , , , 34823 6968 3 216 216 CD 34823 6968 4 , , , 34823 6968 5 284 284 CD 34823 6968 6 , , , 34823 6968 7 n. n. NNP 34823 6968 8 , , , 34823 6968 9 448 448 CD 34823 6968 10 , , , 34823 6968 11 450 450 CD 34823 6968 12 . . . 34823 6969 1 Cannon Cannon NNP 34823 6969 2 , , , 34823 6969 3 J. J. NNP 34823 6969 4 G. G. NNP 34823 6969 5 , , , 34823 6969 6 347 347 CD 34823 6969 7 , , , 34823 6969 8 n. n. NNP 34823 6969 9 Capital Capital NNP 34823 6969 10 , , , 34823 6969 11 Ch Ch NNP 34823 6969 12 . . . 34823 6970 1 IV IV NNP 34823 6970 2 , , , 34823 6970 3 98 98 CD 34823 6970 4 - - SYM 34823 6970 5 99 99 CD 34823 6970 6 , , , 34823 6970 7 220 220 CD 34823 6970 8 , , , 34823 6970 9 222 222 CD 34823 6970 10 - - SYM 34823 6970 11 23 23 CD 34823 6970 12 , , , 34823 6970 13 408 408 CD 34823 6970 14 , , , 34823 6970 15 410 410 CD 34823 6970 16 , , , 34823 6970 17 425 425 CD 34823 6970 18 , , , 34823 6970 19 429 429 CD 34823 6970 20 , , , 34823 6970 21 461 461 CD 34823 6970 22 , , , 34823 6970 23 484ff 484ff NNP 34823 6970 24 . . NNP 34823 6970 25 , , , 34823 6970 26 526 526 CD 34823 6970 27 , , , 34823 6970 28 551 551 CD 34823 6970 29 , , , 34823 6970 30 n n CD 34823 6970 31 , , , 34823 6970 32 560 560 CD 34823 6970 33 - - SYM 34823 6970 34 62 62 CD 34823 6970 35 , , , 34823 6970 36 564 564 CD 34823 6970 37 - - SYM 34823 6970 38 66 66 CD 34823 6970 39 , , , 34823 6970 40 569 569 CD 34823 6970 41 - - SYM 34823 6970 42 70 70 CD 34823 6970 43 , , , 34823 6970 44 580 580 CD 34823 6970 45 - - SYM 34823 6970 46 82 82 CD 34823 6970 47 ; ; : 34823 6970 48 circulating circulate VBG 34823 6970 49 _ _ NNP 34823 6970 50 vs. vs. IN 34823 6970 51 _ _ NNP 34823 6970 52 fixed fix VBN 34823 6970 53 , , , 34823 6970 54 526 526 CD 34823 6970 55 . . . 34823 6971 1 Capital capital NN 34823 6971 2 goods good NNS 34823 6971 3 . . . 34823 6972 1 See see VB 34823 6972 2 GOODS GOODS NNP 34823 6972 3 , , , 34823 6972 4 INSTRUMENTAL INSTRUMENTAL NNP 34823 6972 5 . . . 34823 6973 1 Capitalist Capitalist NNP 34823 6973 2 , , , 34823 6973 3 264 264 CD 34823 6973 4 . . . 34823 6974 1 Capitalization capitalization NN 34823 6974 2 theory theory NN 34823 6974 3 , , , 34823 6974 4 Ch Ch NNP 34823 6974 5 . . . 34823 6975 1 IV IV NNP 34823 6975 2 , , , 34823 6975 3 260 260 CD 34823 6975 4 , , , 34823 6975 5 297 297 CD 34823 6975 6 , , , 34823 6975 7 300ff 300ff JJ 34823 6975 8 . . NNP 34823 6975 9 , , , 34823 6975 10 316 316 CD 34823 6975 11 , , , 34823 6975 12 318 318 CD 34823 6975 13 , , , 34823 6975 14 389 389 CD 34823 6975 15 , , , 34823 6975 16 416 416 CD 34823 6975 17 , , , 34823 6975 18 n. n. NNP 34823 6975 19 , , , 34823 6975 20 436 436 CD 34823 6975 21 - - SYM 34823 6975 22 42 42 CD 34823 6975 23 , , , 34823 6975 24 459 459 CD 34823 6975 25 - - SYM 34823 6975 26 60 60 CD 34823 6975 27 , , , 34823 6975 28 494 494 CD 34823 6975 29 , , , 34823 6975 30 562 562 CD 34823 6975 31 - - SYM 34823 6975 32 64 64 CD 34823 6975 33 , , , 34823 6975 34 575 575 CD 34823 6975 35 ; ; : 34823 6975 36 assumes assume VBZ 34823 6975 37 " " `` 34823 6975 38 banker banker NN 34823 6975 39 's 's POS 34823 6975 40 psychology psychology NN 34823 6975 41 , , , 34823 6975 42 " " `` 34823 6975 43 305 305 CD 34823 6975 44 - - SYM 34823 6975 45 06 06 CD 34823 6975 46 ; ; : 34823 6975 47 assumes assume VBZ 34823 6975 48 fixed fix VBN 34823 6975 49 absolute absolute JJ 34823 6975 50 value value NN 34823 6975 51 of of IN 34823 6975 52 money money NN 34823 6975 53 , , , 34823 6975 54 76ff 76ff NN 34823 6975 55 . . NNP 34823 6975 56 , , , 34823 6975 57 313 313 CD 34823 6975 58 - - SYM 34823 6975 59 14 14 CD 34823 6975 60 , , , 34823 6975 61 389 389 CD 34823 6975 62 , , , 34823 6975 63 438 438 CD 34823 6975 64 ; ; : 34823 6975 65 limitations limitation NNS 34823 6975 66 of of IN 34823 6975 67 , , , 34823 6975 68 305 305 CD 34823 6975 69 - - HYPH 34823 6975 70 06,316 06,316 CD 34823 6975 71 - - HYPH 34823 6975 72 17 17 CD 34823 6975 73 , , , 34823 6975 74 481 481 CD 34823 6975 75 , , , 34823 6975 76 n. n. NNP 34823 6975 77 , , , 34823 6975 78 562 562 CD 34823 6975 79 , , , 34823 6975 80 n. n. NNP 34823 6975 81 ; ; , 34823 6975 82 applied apply VBN 34823 6975 83 to to IN 34823 6975 84 value value NN 34823 6975 85 of of IN 34823 6975 86 money money NN 34823 6975 87 , , , 34823 6975 88 Ch Ch NNP 34823 6975 89 . . . 34823 6976 1 IV IV NNP 34823 6976 2 , , , 34823 6976 3 111 111 CD 34823 6976 4 , , , 34823 6976 5 424 424 CD 34823 6976 6 , , , 34823 6976 7 436 436 CD 34823 6976 8 - - SYM 34823 6976 9 42 42 CD 34823 6976 10 , , , 34823 6976 11 456 456 CD 34823 6976 12 ; ; : 34823 6976 13 conflicts conflict NNS 34823 6976 14 with with IN 34823 6976 15 quantity quantity NN 34823 6976 16 theory theory NN 34823 6976 17 , , , 34823 6976 18 300ff 300ff NNP 34823 6976 19 . . . 34823 6976 20 , , , 34823 6976 21 310 310 CD 34823 6976 22 - - SYM 34823 6976 23 11 11 CD 34823 6976 24 , , , 34823 6976 25 389 389 CD 34823 6976 26 . . . 34823 6977 1 See see VB 34823 6977 2 also also RB 34823 6977 3 INTEREST interest NN 34823 6977 4 , , , 34823 6977 5 CAPITAL capital NN 34823 6977 6 , , , 34823 6977 7 RENT RENT NNP 34823 6977 8 . . . 34823 6978 1 Capital capital NN 34823 6978 2 value value NN 34823 6978 3 , , , 34823 6978 4 Ch Ch NNP 34823 6978 5 . . . 34823 6979 1 IV IV NNP 34823 6979 2 , , , 34823 6979 3 149 149 CD 34823 6979 4 , , , 34823 6979 5 224 224 CD 34823 6979 6 , , , 34823 6979 7 318 318 CD 34823 6979 8 - - SYM 34823 6979 9 19 19 CD 34823 6979 10 , , , 34823 6979 11 402 402 CD 34823 6979 12 , , , 34823 6979 13 424 424 CD 34823 6979 14 , , , 34823 6979 15 436ff 436ff NNP 34823 6979 16 . . NNP 34823 6979 17 , , , 34823 6979 18 452 452 CD 34823 6979 19 , , , 34823 6979 20 459 459 CD 34823 6979 21 . . . 34823 6980 1 Carey Carey NNP 34823 6980 2 , , , 34823 6980 3 H. H. NNP 34823 6980 4 C. C. NNP 34823 6980 5 , , , 34823 6980 6 106 106 CD 34823 6980 7 . . . 34823 6981 1 Carlile Carlile NNP 34823 6981 2 , , , 34823 6981 3 W. W. NNP 34823 6981 4 W. W. NNP 34823 6981 5 , , , 34823 6981 6 37 37 CD 34823 6981 7 , , , 34823 6981 8 n. n. NNP 34823 6981 9 , , , 34823 6981 10 397 397 CD 34823 6981 11 , , , 34823 6981 12 400 400 CD 34823 6981 13 , , , 34823 6981 14 407 407 CD 34823 6981 15 , , , 34823 6981 16 411 411 CD 34823 6981 17 , , , 34823 6981 18 n. n. NN 34823 6981 19 Carver Carver NNP 34823 6981 20 , , , 34823 6981 21 T. T. NNP 34823 6981 22 N. N. NNP 34823 6981 23 , , , 34823 6981 24 4 4 CD 34823 6981 25 , , , 34823 6981 26 n. n. NNP 34823 6981 27 , , , 34823 6981 28 419 419 CD 34823 6981 29 , , , 34823 6981 30 n. n. NNP 34823 6981 31 , , , 34823 6981 32 453 453 CD 34823 6981 33 , , , 34823 6981 34 n. n. NNP 34823 6981 35 , , , 34823 6981 36 573 573 CD 34823 6981 37 , , , 34823 6981 38 n. n. NN 34823 6981 39 Causation Causation NNP 34823 6981 40 , , , 34823 6981 41 142 142 CD 34823 6981 42 - - SYM 34823 6981 43 43 43 CD 34823 6981 44 , , , 34823 6981 45 190 190 CD 34823 6981 46 , , , 34823 6981 47 204 204 CD 34823 6981 48 , , , 34823 6981 49 224 224 CD 34823 6981 50 , , , 34823 6981 51 279 279 CD 34823 6981 52 , , , 34823 6981 53 292 292 CD 34823 6981 54 , , , 34823 6981 55 312 312 CD 34823 6981 56 , , , 34823 6981 57 315 315 CD 34823 6981 58 , , , 34823 6981 59 336 336 CD 34823 6981 60 , , , 34823 6981 61 403 403 CD 34823 6981 62 , , , 34823 6981 63 433 433 CD 34823 6981 64 , , , 34823 6981 65 n. n. NNP 34823 6981 66 , , , 34823 6981 67 437 437 CD 34823 6981 68 , , , 34823 6981 69 438 438 CD 34823 6981 70 , , , 34823 6981 71 454 454 CD 34823 6981 72 , , , 34823 6981 73 548 548 CD 34823 6981 74 ; ; : 34823 6981 75 exhibited exhibit VBN 34823 6981 76 by by IN 34823 6981 77 _ _ NNP 34823 6981 78 change change NN 34823 6981 79 _ _ NNP 34823 6981 80 , , , 34823 6981 81 190 190 CD 34823 6981 82 , , , 34823 6981 83 454 454 CD 34823 6981 84 - - SYM 34823 6981 85 55 55 CD 34823 6981 86 . . . 34823 6982 1 Causal causal JJ 34823 6982 2 theory theory NN 34823 6982 3 of of IN 34823 6982 4 value value NN 34823 6982 5 , , , 34823 6982 6 14ff 14ff NN 34823 6982 7 . . NNP 34823 6982 8 , , , 34823 6982 9 90ff 90ff NN 34823 6982 10 . . . 34823 6982 11 , , , 34823 6982 12 96 96 CD 34823 6982 13 , , , 34823 6982 14 114 114 CD 34823 6982 15 , , , 34823 6982 16 n. n. NNP 34823 6982 17 , , , 34823 6982 18 163 163 CD 34823 6982 19 , , , 34823 6982 20 165 165 CD 34823 6982 21 - - SYM 34823 6982 22 66 66 CD 34823 6982 23 , , , 34823 6982 24 176 176 CD 34823 6982 25 - - SYM 34823 6982 26 77 77 CD 34823 6982 27 , , , 34823 6982 28 186 186 CD 34823 6982 29 , , , 34823 6982 30 192 192 CD 34823 6982 31 , , , 34823 6982 32 204 204 CD 34823 6982 33 , , , 34823 6982 34 296 296 CD 34823 6982 35 , , , 34823 6982 36 Ch Ch NNP 34823 6982 37 . . . 34823 6983 1 XV XV NNP 34823 6983 2 , , , 34823 6983 3 310 310 CD 34823 6983 4 , , , 34823 6983 5 336 336 CD 34823 6983 6 , , , 34823 6983 7 400 400 CD 34823 6983 8 - - SYM 34823 6983 9 01 01 CD 34823 6983 10 , , , 34823 6983 11 433 433 CD 34823 6983 12 , , , 34823 6983 13 n n CD 34823 6983 14 , , , 34823 6983 15 437 437 CD 34823 6983 16 - - SYM 34823 6983 17 38 38 CD 34823 6983 18 . . . 34823 6984 1 Cause cause VB 34823 6984 2 , , , 34823 6984 3 a a DT 34823 6984 4 definition definition NN 34823 6984 5 as as IN 34823 6984 6 , , , 34823 6984 7 143 143 CD 34823 6984 8 , , , 34823 6984 9 400 400 CD 34823 6984 10 - - SYM 34823 6984 11 01 01 CD 34823 6984 12 . . . 34823 6985 1 Checks check NNS 34823 6985 2 , , , 34823 6985 3 167 167 CD 34823 6985 4 , , , 34823 6985 5 168 168 CD 34823 6985 6 , , , 34823 6985 7 184 184 CD 34823 6985 8 , , , 34823 6985 9 281 281 CD 34823 6985 10 , , , 34823 6985 11 339ff 339ff NNP 34823 6985 12 . . NNP 34823 6985 13 , , , 34823 6985 14 354ff 354ff NNP 34823 6985 15 . . NNP 34823 6985 16 , , , 34823 6985 17 364 364 CD 34823 6985 18 - - SYM 34823 6985 19 81 81 CD 34823 6985 20 , , , 34823 6985 21 499 499 CD 34823 6985 22 ; ; : 34823 6985 23 " " `` 34823 6985 24 accommodation accommodation NN 34823 6985 25 checks check NNS 34823 6985 26 , , , 34823 6985 27 " " '' 34823 6985 28 243 243 CD 34823 6985 29 ; ; : 34823 6985 30 certified certified NNP 34823 6985 31 , , , 34823 6985 32 200 200 CD 34823 6985 33 , , , 34823 6985 34 322 322 CD 34823 6985 35 , , , 34823 6985 36 349 349 CD 34823 6985 37 , , , 34823 6985 38 370 370 CD 34823 6985 39 , , , 34823 6985 40 376 376 CD 34823 6985 41 ; ; : 34823 6985 42 cashier cashier NNP 34823 6985 43 's 's POS 34823 6985 44 , , , 34823 6985 45 349 349 CD 34823 6985 46 ; ; : 34823 6985 47 collection collection NN 34823 6985 48 of of IN 34823 6985 49 , , , 34823 6985 50 354ff 354ff NNP 34823 6985 51 . . . 34823 6986 1 ; ; : 34823 6986 2 proportions proportion NNS 34823 6986 3 of of IN 34823 6986 4 checks check NNS 34823 6986 5 and and CC 34823 6986 6 money money NN 34823 6986 7 in in IN 34823 6986 8 payments payment NNS 34823 6986 9 , , , 34823 6986 10 174 174 CD 34823 6986 11 , , , 34823 6986 12 338 338 CD 34823 6986 13 , , , 34823 6986 14 447 447 CD 34823 6986 15 , , , 34823 6986 16 449 449 CD 34823 6986 17 , , , 34823 6986 18 463 463 CD 34823 6986 19 . . . 34823 6987 1 Checking check VBG 34823 6987 2 accounts account NNS 34823 6987 3 , , , 34823 6987 4 173 173 CD 34823 6987 5 - - SYM 34823 6987 6 74 74 CD 34823 6987 7 . . . 34823 6988 1 See see VB 34823 6988 2 DEPOSITS deposit NNS 34823 6988 3 . . . 34823 6989 1 Chen Chen NNP 34823 6989 2 - - HYPH 34823 6989 3 Huang Huang NNP 34823 6989 4 - - HYPH 34823 6989 5 Chang Chang NNP 34823 6989 6 , , , 34823 6989 7 407 407 CD 34823 6989 8 , , , 34823 6989 9 n. n. NNP 34823 6989 10 Chicago Chicago NNP 34823 6989 11 , , , 34823 6989 12 246 246 CD 34823 6989 13 , , , 34823 6989 14 259 259 CD 34823 6989 15 , , , 34823 6989 16 289 289 CD 34823 6989 17 , , , 34823 6989 18 n. n. NNP 34823 6989 19 , , , 34823 6989 20 354 354 CD 34823 6989 21 , , , 34823 6989 22 379 379 CD 34823 6989 23 - - SYM 34823 6989 24 80 80 CD 34823 6989 25 , , , 34823 6989 26 503 503 CD 34823 6989 27 , , , 34823 6989 28 542 542 CD 34823 6989 29 ; ; : 34823 6989 30 chief chief NN 34823 6989 31 centre centre NN 34823 6989 32 for for IN 34823 6989 33 check check NN 34823 6989 34 collections collection NNS 34823 6989 35 , , , 34823 6989 36 354 354 CD 34823 6989 37 ; ; : 34823 6989 38 Board Board NNP 34823 6989 39 of of IN 34823 6989 40 Trade Trade NNP 34823 6989 41 , , , 34823 6989 42 252 252 CD 34823 6989 43 - - SYM 34823 6989 44 52 52 CD 34823 6989 45 , , , 34823 6989 46 268 268 CD 34823 6989 47 , , , 34823 6989 48 327 327 CD 34823 6989 49 , , , 34823 6989 50 379 379 CD 34823 6989 51 - - SYM 34823 6989 52 80 80 CD 34823 6989 53 , , , 34823 6989 54 503 503 CD 34823 6989 55 , , , 34823 6989 56 542 542 CD 34823 6989 57 ; ; : 34823 6989 58 Board Board NNP 34823 6989 59 of of IN 34823 6989 60 Trade Trade NNP 34823 6989 61 clearing clearing NN 34823 6989 62 house house NN 34823 6989 63 , , , 34823 6989 64 369 369 CD 34823 6989 65 , , , 34823 6989 66 379 379 CD 34823 6989 67 - - SYM 34823 6989 68 80 80 CD 34823 6989 69 . . . 34823 6990 1 Circular circular JJ 34823 6990 2 reasoning reasoning NN 34823 6990 3 in in IN 34823 6990 4 value value NN 34823 6990 5 theory theory NN 34823 6990 6 , , , 34823 6990 7 15 15 CD 34823 6990 8 , , , 34823 6990 9 88 88 CD 34823 6990 10 , , , 34823 6990 11 89 89 CD 34823 6990 12 , , , 34823 6990 13 92 92 CD 34823 6990 14 , , , 34823 6990 15 100 100 CD 34823 6990 16 - - SYM 34823 6990 17 01 01 CD 34823 6990 18 , , , 34823 6990 19 105 105 CD 34823 6990 20 , , , 34823 6990 21 112 112 CD 34823 6990 22 , , , 34823 6990 23 113 113 CD 34823 6990 24 , , , 34823 6990 25 115 115 CD 34823 6990 26 , , , 34823 6990 27 117 117 CD 34823 6990 28 , , , 34823 6990 29 132 132 CD 34823 6990 30 , , , 34823 6990 31 135 135 CD 34823 6990 32 , , , 34823 6990 33 143 143 CD 34823 6990 34 , , , 34823 6990 35 279 279 CD 34823 6990 36 , , , 34823 6990 37 438 438 CD 34823 6990 38 , , , 34823 6990 39 452 452 CD 34823 6990 40 . . . 34823 6991 1 Clark Clark NNP 34823 6991 2 , , , 34823 6991 3 J. J. NNP 34823 6992 1 B. B. NNP 34823 6992 2 , , , 34823 6992 3 12 12 CD 34823 6992 4 - - SYM 34823 6992 5 13 13 CD 34823 6992 6 , , , 34823 6992 7 48 48 CD 34823 6992 8 , , , 34823 6992 9 96 96 CD 34823 6992 10 , , , 34823 6992 11 n. n. NNP 34823 6992 12 , , , 34823 6992 13 264 264 CD 34823 6992 14 , , , 34823 6992 15 n. n. NNP 34823 6992 16 , , , 34823 6992 17 439 439 CD 34823 6992 18 , , , 34823 6992 19 n. n. NNP 34823 6992 20 , , , 34823 6992 21 440 440 CD 34823 6992 22 , , , 34823 6992 23 n. n. NNP 34823 6992 24 , , , 34823 6992 25 554 554 CD 34823 6992 26 - - SYM 34823 6992 27 55 55 CD 34823 6992 28 . . . 34823 6993 1 Clark Clark NNP 34823 6993 2 's 's POS 34823 6993 3 Law Law NNP 34823 6993 4 , , , 34823 6993 5 439 439 CD 34823 6993 6 . . . 34823 6994 1 Clark Clark NNP 34823 6994 2 , , , 34823 6994 3 J. J. NNP 34823 6994 4 M. M. NNP 34823 6994 5 , , , 34823 6994 6 3 3 CD 34823 6994 7 , , , 34823 6994 8 n. n. NNP 34823 6994 9 , , , 34823 6994 10 11 11 CD 34823 6994 11 , , , 34823 6994 12 n. n. NNP 34823 6994 13 , , , 34823 6994 14 14 14 CD 34823 6994 15 , , , 34823 6994 16 n. n. NNP 34823 6994 17 , , , 34823 6994 18 98 98 CD 34823 6994 19 , , , 34823 6994 20 n. n. NNP 34823 6994 21 , , , 34823 6994 22 413 413 CD 34823 6994 23 , , , 34823 6994 24 n. n. NN 34823 6994 25 Classical Classical NNP 34823 6994 26 School School NNP 34823 6994 27 , , , 34823 6994 28 69 69 CD 34823 6994 29 . . . 34823 6995 1 See see VB 34823 6995 2 COST COST NNS 34823 6995 3 OF of IN 34823 6995 4 PRODUCTION production NN 34823 6995 5 , , , 34823 6995 6 CAIRNES CAIRNES NNP 34823 6995 7 , , , 34823 6995 8 SENIOR SENIOR NNP 34823 6995 9 , , , 34823 6995 10 RICARDO RICARDO NNP 34823 6995 11 , , , 34823 6995 12 JAS JAS NNP 34823 6995 13 . . . 34823 6996 1 MILL MILL NNP 34823 6996 2 , , , 34823 6996 3 J. J. NNP 34823 6996 4 S. S. NNP 34823 6996 5 MILL MILL NNP 34823 6996 6 , , , 34823 6996 7 LABOR labor NN 34823 6996 8 THEORY THEORY NNS 34823 6996 9 OF of IN 34823 6996 10 VALUE value NN 34823 6996 11 , , , 34823 6996 12 ETC ETC NNP 34823 6996 13 . . . 34823 6997 1 Clearing clear VBG 34823 6997 2 houses house NNS 34823 6997 3 in in IN 34823 6997 4 speculative speculative JJ 34823 6997 5 exchanges exchange NNS 34823 6997 6 . . . 34823 6998 1 See see VB 34823 6998 2 STOCK STOCK NNP 34823 6998 3 EXCHANGE EXCHANGE NNP 34823 6998 4 . . . 34823 6999 1 Clearing clearing NN 34823 6999 2 houses house NNS 34823 6999 3 , , , 34823 6999 4 bank bank NN 34823 6999 5 . . . 34823 7000 1 See see VB 34823 7000 2 CLEARINGS clearing NNS 34823 7000 3 . . . 34823 7001 1 New New NNP 34823 7001 2 York York NNP 34823 7001 3 Clearing Clearing NNP 34823 7001 4 House House NNP 34823 7001 5 , , , 34823 7001 6 346 346 CD 34823 7001 7 , , , 34823 7001 8 354 354 CD 34823 7001 9 ; ; : 34823 7001 10 New New NNP 34823 7001 11 York York NNP 34823 7001 12 Clearing Clearing NNP 34823 7001 13 House House NNP 34823 7001 14 banks bank NNS 34823 7001 15 , , , 34823 7001 16 179 179 CD 34823 7001 17 , , , 34823 7001 18 344 344 CD 34823 7001 19 . . . 34823 7002 1 Clearings clearing NNS 34823 7002 2 , , , 34823 7002 3 200 200 CD 34823 7002 4 , , , 34823 7002 5 237 237 CD 34823 7002 6 - - SYM 34823 7002 7 41 41 CD 34823 7002 8 , , , 34823 7002 9 345 345 CD 34823 7002 10 - - SYM 34823 7002 11 46 46 CD 34823 7002 12 , , , 34823 7002 13 378 378 CD 34823 7002 14 , , , 34823 7002 15 392 392 CD 34823 7002 16 ; ; : 34823 7002 17 as as IN 34823 7002 18 index index NN 34823 7002 19 of of IN 34823 7002 20 " " `` 34823 7002 21 ordinary ordinary JJ 34823 7002 22 trade trade NN 34823 7002 23 , , , 34823 7002 24 " " '' 34823 7002 25 240 240 CD 34823 7002 26 - - HYPH 34823 7002 27 41 41 CD 34823 7002 28 , , , 34823 7002 29 516 516 CD 34823 7002 30 ; ; : 34823 7002 31 as as IN 34823 7002 32 index index NN 34823 7002 33 of of IN 34823 7002 34 speculation speculation NN 34823 7002 35 , , , 34823 7002 36 237ff 237ff NNP 34823 7002 37 . . NNP 34823 7002 38 , , , 34823 7002 39 378 378 CD 34823 7002 40 , , , 34823 7002 41 392 392 CD 34823 7002 42 , , , 34823 7002 43 516 516 CD 34823 7002 44 ; ; : 34823 7002 45 in in IN 34823 7002 46 New New NNP 34823 7002 47 York York NNP 34823 7002 48 City City NNP 34823 7002 49 , , , 34823 7002 50 237 237 CD 34823 7002 51 - - SYM 34823 7002 52 41 41 CD 34823 7002 53 , , , 34823 7002 54 339 339 CD 34823 7002 55 , , , 34823 7002 56 341 341 CD 34823 7002 57 - - SYM 34823 7002 58 42 42 CD 34823 7002 59 , , , 34823 7002 60 345 345 CD 34823 7002 61 - - SYM 34823 7002 62 47 47 CD 34823 7002 63 , , , 34823 7002 64 357 357 CD 34823 7002 65 - - HYPH 34823 7002 66 59 59 CD 34823 7002 67 , , , 34823 7002 68 360 360 CD 34823 7002 69 , , , 34823 7002 70 516 516 CD 34823 7002 71 ; ; : 34823 7002 72 of of IN 34823 7002 73 New New NNP 34823 7002 74 York York NNP 34823 7002 75 City City NNP 34823 7002 76 trust trust NN 34823 7002 77 companies company NNS 34823 7002 78 , , , 34823 7002 79 345 345 CD 34823 7002 80 - - SYM 34823 7002 81 47 47 CD 34823 7002 82 ; ; : 34823 7002 83 outside outside IN 34823 7002 84 New New NNP 34823 7002 85 York York NNP 34823 7002 86 City City NNP 34823 7002 87 , , , 34823 7002 88 239 239 CD 34823 7002 89 - - SYM 34823 7002 90 41 41 CD 34823 7002 91 , , , 34823 7002 92 339 339 CD 34823 7002 93 , , , 34823 7002 94 340 340 CD 34823 7002 95 , , , 34823 7002 96 342 342 CD 34823 7002 97 , , , 34823 7002 98 348 348 CD 34823 7002 99 - - SYM 34823 7002 100 53 53 CD 34823 7002 101 , , , 34823 7002 102 357 357 CD 34823 7002 103 - - HYPH 34823 7002 104 59 59 CD 34823 7002 105 , , , 34823 7002 106 516 516 CD 34823 7002 107 , , , 34823 7002 108 n. n. NN 34823 7002 109 ; ; : 34823 7002 110 ratio ratio NN 34823 7002 111 of of IN 34823 7002 112 , , , 34823 7002 113 to to IN 34823 7002 114 " " `` 34823 7002 115 deposits deposit NNS 34823 7002 116 , , , 34823 7002 117 " " '' 34823 7002 118 341 341 CD 34823 7002 119 - - SYM 34823 7002 120 42 42 CD 34823 7002 121 , , , 34823 7002 122 348 348 CD 34823 7002 123 - - SYM 34823 7002 124 59 59 CD 34823 7002 125 , , , 34823 7002 126 516 516 CD 34823 7002 127 , , , 34823 7002 128 n. n. NN 34823 7002 129 ; ; : 34823 7002 130 ratio ratio NN 34823 7002 131 of of IN 34823 7002 132 , , , 34823 7002 133 to to TO 34823 7002 134 " " `` 34823 7002 135 total total JJ 34823 7002 136 transactions transaction NNS 34823 7002 137 , , , 34823 7002 138 " " '' 34823 7002 139 348 348 CD 34823 7002 140 - - HYPH 34823 7002 141 51 51 CD 34823 7002 142 , , , 34823 7002 143 353 353 CD 34823 7002 144 , , , 34823 7002 145 359 359 CD 34823 7002 146 , , , 34823 7002 147 n. n. NN 34823 7002 148 Clow Clow NNP 34823 7002 149 , , , 34823 7002 150 F. F. NNP 34823 7002 151 R. R. NNP 34823 7002 152 , , , 34823 7002 153 135 135 CD 34823 7002 154 , , , 34823 7002 155 n. n. NNP 34823 7002 156 , , , 34823 7002 157 144 144 CD 34823 7002 158 , , , 34823 7002 159 n. n. NN 34823 7002 160 Coin Coin NNP 34823 7002 161 , , , 34823 7002 162 139 139 CD 34823 7002 163 , , , 34823 7002 164 n. n. NNP 34823 7002 165 , , , 34823 7002 166 167 167 CD 34823 7002 167 , , , 34823 7002 168 443 443 CD 34823 7002 169 - - SYM 34823 7002 170 50 50 CD 34823 7002 171 ; ; : 34823 7002 172 coinage coinage NN 34823 7002 173 , , , 34823 7002 174 443 443 CD 34823 7002 175 - - SYM 34823 7002 176 50 50 CD 34823 7002 177 ; ; : 34823 7002 178 statistics statistic NNS 34823 7002 179 of of IN 34823 7002 180 , , , 34823 7002 181 412 412 CD 34823 7002 182 , , , 34823 7002 183 n. n. NN 34823 7002 184 Collateral collateral JJ 34823 7002 185 loans loan NNS 34823 7002 186 , , , 34823 7002 187 461 461 CD 34823 7002 188 , , , 34823 7002 189 462 462 CD 34823 7002 190 , , , 34823 7002 191 463 463 CD 34823 7002 192 , , , 34823 7002 193 493 493 CD 34823 7002 194 , , , 34823 7002 195 494 494 CD 34823 7002 196 , , , 34823 7002 197 497 497 CD 34823 7002 198 , , , 34823 7002 199 502 502 CD 34823 7002 200 - - HYPH 34823 7002 201 06 06 CD 34823 7002 202 , , , 34823 7002 203 513 513 CD 34823 7002 204 , , , 34823 7002 205 523 523 CD 34823 7002 206 - - SYM 34823 7002 207 26 26 CD 34823 7002 208 ; ; : 34823 7002 209 percentages percentage NNS 34823 7002 210 of of IN 34823 7002 211 , , , 34823 7002 212 on on IN 34823 7002 213 stocks stock NNS 34823 7002 214 and and CC 34823 7002 215 bonds bond NNS 34823 7002 216 , , , 34823 7002 217 and and CC 34823 7002 218 on on IN 34823 7002 219 " " `` 34823 7002 220 other other JJ 34823 7002 221 collateral collateral JJ 34823 7002 222 security security NN 34823 7002 223 , , , 34823 7002 224 " " '' 34823 7002 225 502 502 CD 34823 7002 226 - - HYPH 34823 7002 227 09 09 CD 34823 7002 228 ; ; : 34823 7002 229 on on IN 34823 7002 230 " " `` 34823 7002 231 other other JJ 34823 7002 232 collateral collateral JJ 34823 7002 233 security security NN 34823 7002 234 " " '' 34823 7002 235 analyzed analyze VBN 34823 7002 236 , , , 34823 7002 237 502ff 502ff NN 34823 7002 238 . . . 34823 7003 1 Collection collection NN 34823 7003 2 of of IN 34823 7003 3 out out IN 34823 7003 4 of of IN 34823 7003 5 town town NN 34823 7003 6 checks check NNS 34823 7003 7 , , , 34823 7003 8 354 354 CD 34823 7003 9 - - SYM 34823 7003 10 55 55 CD 34823 7003 11 . . . 34823 7004 1 See see VB 34823 7004 2 CHECKS CHECKS NNP 34823 7004 3 . . . 34823 7005 1 Commerce commerce NN 34823 7005 2 . . . 34823 7006 1 See see VB 34823 7006 2 TRADE trade NN 34823 7006 3 . . . 34823 7007 1 Commercial commercial JJ 34823 7007 2 banks bank NNS 34823 7007 3 , , , 34823 7007 4 357 357 CD 34823 7007 5 , , , 34823 7007 6 488 488 CD 34823 7007 7 , , , 34823 7007 8 490 490 CD 34823 7007 9 , , , 34823 7007 10 498 498 CD 34823 7007 11 - - SYM 34823 7007 12 99 99 CD 34823 7007 13 , , , 34823 7007 14 519 519 CD 34823 7007 15 - - SYM 34823 7007 16 20 20 CD 34823 7007 17 , , , 34823 7007 18 523 523 CD 34823 7007 19 - - SYM 34823 7007 20 29 29 CD 34823 7007 21 ; ; : 34823 7007 22 financing financing NN 34823 7007 23 commerce commerce NN 34823 7007 24 no no RB 34823 7007 25 longer long RBR 34823 7007 26 the the DT 34823 7007 27 chief chief JJ 34823 7007 28 function function NN 34823 7007 29 of of IN 34823 7007 30 , , , 34823 7007 31 Ch Ch NNP 34823 7007 32 . . . 34823 7008 1 XXIV XXIV NNP 34823 7008 2 , , , 34823 7008 3 esp esp NNP 34823 7008 4 . . . 34823 7009 1 523ff 523ff XX 34823 7009 2 . . . 34823 7010 1 Commercial commercial JJ 34823 7010 2 cities city NNS 34823 7010 3 , , , 34823 7010 4 outgrow outgrow NN 34823 7010 5 manufacturing manufacturing NN 34823 7010 6 cities city NNS 34823 7010 7 , , , 34823 7010 8 259 259 CD 34823 7010 9 . . . 34823 7011 1 " " `` 34823 7011 2 Commercial commercial JJ 34823 7011 3 paper paper NN 34823 7011 4 , , , 34823 7011 5 " " '' 34823 7011 6 431 431 CD 34823 7011 7 , , , 34823 7011 8 457 457 CD 34823 7011 9 , , , 34823 7011 10 490 490 CD 34823 7011 11 , , , 34823 7011 12 496 496 CD 34823 7011 13 - - SYM 34823 7011 14 97 97 CD 34823 7011 15 , , , 34823 7011 16 498 498 CD 34823 7011 17 - - SYM 34823 7011 18 520 520 CD 34823 7011 19 . . . 34823 7012 1 _ _ NNP 34823 7012 2 Commercial Commercial NNP 34823 7012 3 and and CC 34823 7012 4 Financial Financial NNP 34823 7012 5 Chronicle Chronicle NNP 34823 7012 6 _ _ NNP 34823 7012 7 , , , 34823 7012 8 272 272 CD 34823 7012 9 . . . 34823 7013 1 Commodity commodity NN 34823 7013 2 theory theory NN 34823 7013 3 ( ( -LRB- 34823 7013 4 Metallist metallist JJ 34823 7013 5 theory theory NN 34823 7013 6 , , , 34823 7013 7 Bullionist Bullionist NNP 34823 7013 8 theory theory NN 34823 7013 9 ) ) -RRB- 34823 7013 10 , , , 34823 7013 11 81 81 CD 34823 7013 12 , , , 34823 7013 13 85 85 CD 34823 7013 14 , , , 34823 7013 15 129 129 CD 34823 7013 16 , , , 34823 7013 17 135 135 CD 34823 7013 18 , , , 34823 7013 19 144 144 CD 34823 7013 20 , , , 34823 7013 21 151 151 CD 34823 7013 22 - - SYM 34823 7013 23 53 53 CD 34823 7013 24 , , , 34823 7013 25 330 330 CD 34823 7013 26 , , , 34823 7013 27 390 390 CD 34823 7013 28 , , , 34823 7013 29 391 391 CD 34823 7013 30 , , , 34823 7013 31 435 435 CD 34823 7013 32 , , , 34823 7013 33 n. n. NNP 34823 7013 34 ; ; : 34823 7013 35 hypothetical hypothetical JJ 34823 7013 36 case case NN 34823 7013 37 illustrating illustrate VBG 34823 7013 38 , , , 34823 7013 39 151 151 CD 34823 7013 40 - - SYM 34823 7013 41 53 53 CD 34823 7013 42 , , , 34823 7013 43 327 327 CD 34823 7013 44 - - SYM 34823 7013 45 28 28 CD 34823 7013 46 , , , 34823 7013 47 390 390 CD 34823 7013 48 , , , 34823 7013 49 421 421 CD 34823 7013 50 ; ; : 34823 7013 51 contrasted contrast VBN 34823 7013 52 with with IN 34823 7013 53 quantity quantity NN 34823 7013 54 theory theory NN 34823 7013 55 , , , 34823 7013 56 151 151 CD 34823 7013 57 - - SYM 34823 7013 58 53 53 CD 34823 7013 59 . . . 34823 7014 1 Competitive competitive JJ 34823 7014 2 display display NN 34823 7014 3 , , , 34823 7014 4 relation relation NN 34823 7014 5 of of IN 34823 7014 6 , , , 34823 7014 7 to to TO 34823 7014 8 value value NN 34823 7014 9 , , , 34823 7014 10 410 410 CD 34823 7014 11 - - SYM 34823 7014 12 11 11 CD 34823 7014 13 , , , 34823 7014 14 438 438 CD 34823 7014 15 - - SYM 34823 7014 16 42 42 CD 34823 7014 17 , , , 34823 7014 18 452 452 CD 34823 7014 19 . . . 34823 7015 1 Conant Conant NNP 34823 7015 2 , , , 34823 7015 3 C. C. NNP 34823 7015 4 A. A. NNP 34823 7015 5 , , , 34823 7015 6 73 73 CD 34823 7015 7 , , , 34823 7015 8 n. n. NNP 34823 7015 9 , , , 34823 7015 10 182 182 CD 34823 7015 11 , , , 34823 7015 12 n. n. NNP 34823 7015 13 , , , 34823 7015 14 323 323 NNP 34823 7015 15 , , , 34823 7015 16 n. n. NNP 34823 7015 17 , , , 34823 7015 18 347 347 CD 34823 7015 19 , , , 34823 7015 20 n. n. NNP 34823 7015 21 , , , 34823 7015 22 412 412 CD 34823 7015 23 , , , 34823 7015 24 n. n. NNP 34823 7015 25 , , , 34823 7015 26 418 418 CD 34823 7015 27 , , , 34823 7015 28 n. n. NNP 34823 7015 29 , , , 34823 7015 30 428 428 CD 34823 7015 31 , , , 34823 7015 32 n. n. NNP 34823 7015 33 , , , 34823 7015 34 502 502 CD 34823 7015 35 , , , 34823 7015 36 510 510 CD 34823 7015 37 , , , 34823 7015 38 n. n. NNP 34823 7015 39 , , , 34823 7015 40 511 511 CD 34823 7015 41 , , , 34823 7015 42 n. n. NNP 34823 7015 43 , , , 34823 7015 44 535 535 CD 34823 7015 45 , , , 34823 7015 46 n. n. NN 34823 7015 47 Conant Conant NNP 34823 7015 48 , , , 34823 7015 49 L. L. NNP 34823 7015 50 Jr. Jr. NNP 34823 7015 51 , , , 34823 7015 52 252 252 CD 34823 7015 53 , , , 34823 7015 54 n. n. NNP 34823 7015 55 Concatenation Concatenation NNP 34823 7015 56 of of IN 34823 7015 57 values value NNS 34823 7015 58 and and CC 34823 7015 59 prices price NNS 34823 7015 60 . . . 34823 7016 1 See see VB 34823 7016 2 VALUES values NN 34823 7016 3 , , , 34823 7016 4 PRICES prices NN 34823 7016 5 . . . 34823 7017 1 Consols consol NNS 34823 7017 2 , , , 34823 7017 3 470 470 CD 34823 7017 4 . . . 34823 7018 1 Contango Contango NNP 34823 7018 2 , , , 34823 7018 3 145 145 CD 34823 7018 4 . . . 34823 7019 1 Cooley Cooley NNP 34823 7019 2 , , , 34823 7019 3 C. C. NNP 34823 7019 4 H. H. NNP 34823 7019 5 , , , 34823 7019 6 3 3 CD 34823 7019 7 , , , 34823 7019 8 4 4 CD 34823 7019 9 , , , 34823 7019 10 n. n. NNP 34823 7019 11 , , , 34823 7019 12 19 19 CD 34823 7019 13 , , , 34823 7019 14 21 21 CD 34823 7019 15 , , , 34823 7019 16 n. n. NNP 34823 7019 17 , , , 34823 7019 18 30 30 CD 34823 7019 19 , , , 34823 7019 20 37 37 CD 34823 7019 21 , , , 34823 7019 22 484 484 CD 34823 7019 23 , , , 34823 7019 24 n. n. NNP 34823 7019 25 Corporations Corporations NNP 34823 7019 26 . . . 34823 7020 1 See see VB 34823 7020 2 STOCKS stock NNS 34823 7020 3 , , , 34823 7020 4 BONDS bond NNS 34823 7020 5 , , , 34823 7020 6 STOCK STOCK NNP 34823 7020 7 EXCHANGE EXCHANGE NNP 34823 7020 8 . . . 34823 7021 1 Consolidations consolidation NNS 34823 7021 2 of of IN 34823 7021 3 , , , 34823 7021 4 198 198 CD 34823 7021 5 - - SYM 34823 7021 6 258 258 CD 34823 7021 7 , , , 34823 7021 8 366 366 CD 34823 7021 9 - - SYM 34823 7021 10 67 67 CD 34823 7021 11 ; ; : 34823 7021 12 lead lead NN 34823 7021 13 to to IN 34823 7021 14 duplications duplication NNS 34823 7021 15 of of IN 34823 7021 16 " " `` 34823 7021 17 deposits deposit NNS 34823 7021 18 , , , 34823 7021 19 " " '' 34823 7021 20 366 366 CD 34823 7021 21 - - SYM 34823 7021 22 67 67 CD 34823 7021 23 ; ; : 34823 7021 24 corporation corporation NN 34823 7021 25 finance finance NN 34823 7021 26 , , , 34823 7021 27 198 198 CD 34823 7021 28 - - SYM 34823 7021 29 99 99 CD 34823 7021 30 , , , 34823 7021 31 201 201 CD 34823 7021 32 , , , 34823 7021 33 n. n. NNP 34823 7021 34 3 3 CD 34823 7021 35 , , , 34823 7021 36 432 432 CD 34823 7021 37 , , , 34823 7021 38 460 460 CD 34823 7021 39 - - SYM 34823 7021 40 61 61 CD 34823 7021 41 , , , 34823 7021 42 476 476 CD 34823 7021 43 - - SYM 34823 7021 44 77 77 CD 34823 7021 45 ; ; : 34823 7021 46 corporation corporation NN 34823 7021 47 securities security NNS 34823 7021 48 as as IN 34823 7021 49 credit credit NN 34823 7021 50 instruments instrument NNS 34823 7021 51 , , , 34823 7021 52 460 460 CD 34823 7021 53 - - SYM 34823 7021 54 61 61 CD 34823 7021 55 , , , 34823 7021 56 476 476 CD 34823 7021 57 - - SYM 34823 7021 58 77 77 CD 34823 7021 59 , , , 34823 7021 60 492 492 CD 34823 7021 61 - - SYM 34823 7021 62 93 93 CD 34823 7021 63 , , , 34823 7021 64 527 527 CD 34823 7021 65 . . . 34823 7022 1 Correlation correlation NN 34823 7022 2 , , , 34823 7022 3 coefficient coefficient NN 34823 7022 4 of of IN 34823 7022 5 , , , 34823 7022 6 237 237 CD 34823 7022 7 , , , 34823 7022 8 237 237 CD 34823 7022 9 , , , 34823 7022 10 n. n. NNP 34823 7022 11 Cost cost NN 34823 7022 12 of of IN 34823 7022 13 production production NN 34823 7022 14 , , , 34823 7022 15 Ch Ch NNP 34823 7022 16 . . . 34823 7023 1 III iii CD 34823 7023 2 , , , 34823 7023 3 193 193 CD 34823 7023 4 , , , 34823 7023 5 221 221 CD 34823 7023 6 , , , 34823 7023 7 n. n. NNP 34823 7023 8 , , , 34823 7023 9 257ff 257ff NNP 34823 7023 10 . . NNP 34823 7023 11 , , , 34823 7023 12 295 295 CD 34823 7023 13 , , , 34823 7023 14 300 300 CD 34823 7023 15 , , , 34823 7023 16 306 306 CD 34823 7023 17 - - SYM 34823 7023 18 07 07 CD 34823 7023 19 , , , 34823 7023 20 309 309 CD 34823 7023 21 , , , 34823 7023 22 n. n. NNP 34823 7023 23 , , , 34823 7023 24 389 389 CD 34823 7023 25 , , , 34823 7023 26 562 562 CD 34823 7023 27 , , , 34823 7023 28 n. n. NNP 34823 7023 29 , , , 34823 7023 30 565 565 CD 34823 7023 31 - - SYM 34823 7023 32 66 66 CD 34823 7023 33 ; ; : 34823 7023 34 inapplicable inapplicable JJ 34823 7023 35 to to TO 34823 7023 36 value value NN 34823 7023 37 of of IN 34823 7023 38 money money NN 34823 7023 39 , , , 34823 7023 40 Ch Ch NNP 34823 7023 41 . . . 34823 7024 1 III iii CD 34823 7024 2 , , , 34823 7024 3 389 389 CD 34823 7024 4 , , , 34823 7024 5 451 451 CD 34823 7024 6 ; ; : 34823 7024 7 relation relation NN 34823 7024 8 of of IN 34823 7024 9 , , , 34823 7024 10 to to TO 34823 7024 11 supply supply NN 34823 7024 12 and and CC 34823 7024 13 demand demand NN 34823 7024 14 , , , 34823 7024 15 50 50 CD 34823 7024 16 , , , 34823 7024 17 Ch Ch NNP 34823 7024 18 . . . 34823 7025 1 III iii CD 34823 7025 2 ; ; : 34823 7025 3 not not RB 34823 7025 4 related relate VBN 34823 7025 5 to to IN 34823 7025 6 quantity quantity NN 34823 7025 7 theory theory NN 34823 7025 8 , , , 34823 7025 9 46ff 46ff NNS 34823 7025 10 . . . 34823 7026 1 ; ; : 34823 7026 2 conflicts conflict NNS 34823 7026 3 with with IN 34823 7026 4 quantity quantity NN 34823 7026 5 theory theory NN 34823 7026 6 , , , 34823 7026 7 300 300 CD 34823 7026 8 , , , 34823 7026 9 306 306 CD 34823 7026 10 - - SYM 34823 7026 11 07 07 CD 34823 7026 12 , , , 34823 7026 13 310 310 CD 34823 7026 14 - - SYM 34823 7026 15 11 11 CD 34823 7026 16 , , , 34823 7026 17 389 389 CD 34823 7026 18 ; ; : 34823 7026 19 assumes assume VBZ 34823 7026 20 fixed fix VBN 34823 7026 21 absolute absolute JJ 34823 7026 22 value value NN 34823 7026 23 of of IN 34823 7026 24 money money NN 34823 7026 25 , , , 34823 7026 26 Ch Ch NNP 34823 7026 27 . . . 34823 7027 1 III III NNP 34823 7027 2 , , , 34823 7027 3 313 313 CD 34823 7027 4 - - SYM 34823 7027 5 14 14 CD 34823 7027 6 , , , 34823 7027 7 389 389 CD 34823 7027 8 , , , 34823 7027 9 451 451 CD 34823 7027 10 ; ; : 34823 7027 11 " " `` 34823 7027 12 real real JJ 34823 7027 13 costs cost NNS 34823 7027 14 , , , 34823 7027 15 " " '' 34823 7027 16 44 44 CD 34823 7027 17 - - SYM 34823 7027 18 45 45 CD 34823 7027 19 , , , 34823 7027 20 64ff 64ff NNS 34823 7027 21 . . . 34823 7027 22 , , , 34823 7027 23 96 96 CD 34823 7027 24 , , , 34823 7027 25 117 117 CD 34823 7027 26 , , , 34823 7027 27 n. n. NN 34823 7027 28 See see VB 34823 7027 29 LABOR labor NN 34823 7027 30 THEORY theory NN 34823 7027 31 OF of IN 34823 7027 32 VALUE value NN 34823 7027 33 . . . 34823 7028 1 Money money NN 34823 7028 2 costs cost NNS 34823 7028 3 , , , 34823 7028 4 Ch Ch NNP 34823 7028 5 . . . 34823 7029 1 III III NNP 34823 7029 2 , , , 34823 7029 3 90 90 CD 34823 7029 4 , , , 34823 7029 5 95 95 CD 34823 7029 6 ; ; : 34823 7029 7 Austrian austrian JJ 34823 7029 8 cost cost NN 34823 7029 9 theory theory NN 34823 7029 10 , , , 34823 7029 11 56 56 CD 34823 7029 12 , , , 34823 7029 13 Ch Ch NNP 34823 7029 14 . . . 34823 7030 1 III III NNP 34823 7030 2 , , , 34823 7030 3 90 90 CD 34823 7030 4 , , , 34823 7030 5 95 95 CD 34823 7030 6 , , , 34823 7030 7 116 116 CD 34823 7030 8 , , , 34823 7030 9 n. n. NNP 34823 7030 10 See see VB 34823 7030 11 also also RB 34823 7030 12 SELLING sell VBG 34823 7030 13 COSTS COSTS NNP 34823 7030 14 . . . 34823 7031 1 Cotton cotton NN 34823 7031 2 speculation speculation NN 34823 7031 3 . . . 34823 7032 1 See see VB 34823 7032 2 NEW NEW NNP 34823 7032 3 YORK YORK NNP 34823 7032 4 COTTON COTTON NNP 34823 7032 5 EXCHANGE EXCHANGE NNP 34823 7032 6 , , , 34823 7032 7 AND and CC 34823 7032 8 SPECULATION SPECULATION NNP 34823 7032 9 . . . 34823 7033 1 Credit credit NN 34823 7033 2 , , , 34823 7033 3 42 42 CD 34823 7033 4 , , , 34823 7033 5 98 98 CD 34823 7033 6 - - SYM 34823 7033 7 99 99 CD 34823 7033 8 , , , 34823 7033 9 130 130 CD 34823 7033 10 , , , 34823 7033 11 143 143 CD 34823 7033 12 - - SYM 34823 7033 13 44 44 CD 34823 7033 14 , , , 34823 7033 15 166ff 166ff NNP 34823 7033 16 . . NNP 34823 7033 17 , , , 34823 7033 18 Ch Ch NNP 34823 7033 19 . . . 34823 7034 1 IX IX NNP 34823 7034 2 , , , 34823 7034 3 Ch Ch NNP 34823 7034 4 . . . 34823 7035 1 XIII XIII NNP 34823 7035 2 , , , 34823 7035 3 Ch Ch NNP 34823 7035 4 . . . 34823 7036 1 XIV XIV NNP 34823 7036 2 , , , 34823 7036 3 318 318 CD 34823 7036 4 , , , 34823 7036 5 Ch Ch NNP 34823 7036 6 . . . 34823 7037 1 XVIII xviii NN 34823 7037 2 , , , 34823 7037 3 392 392 CD 34823 7037 4 - - SYM 34823 7037 5 393 393 CD 34823 7037 6 , , , 34823 7037 7 395 395 CD 34823 7037 8 , , , 34823 7037 9 427 427 CD 34823 7037 10 , , , 34823 7037 11 441 441 CD 34823 7037 12 , , , 34823 7037 13 447 447 CD 34823 7037 14 , , , 34823 7037 15 Ch Ch NNP 34823 7037 16 . . . 34823 7038 1 XXIII XXIII NNP 34823 7038 2 , , , 34823 7038 3 Ch Ch NNP 34823 7038 4 . . . 34823 7039 1 XXIV XXIV NNP 34823 7039 2 , , , 34823 7039 3 581 581 CD 34823 7039 4 ; ; : 34823 7039 5 not not RB 34823 7039 6 based base VBN 34823 7039 7 on on IN 34823 7039 8 money money NN 34823 7039 9 , , , 34823 7039 10 326 326 CD 34823 7039 11 - - SYM 34823 7039 12 27 27 CD 34823 7039 13 ; ; : 34823 7039 14 based base VBN 34823 7039 15 on on IN 34823 7039 16 values value NNS 34823 7039 17 , , , 34823 7039 18 326 326 CD 34823 7039 19 - - SYM 34823 7039 20 27 27 CD 34823 7039 21 , , , 34823 7039 22 478 478 CD 34823 7039 23 - - SYM 34823 7039 24 86 86 CD 34823 7039 25 , , , 34823 7039 26 485 485 CD 34823 7039 27 - - SYM 34823 7039 28 86 86 CD 34823 7039 29 , , , 34823 7039 30 528 528 CD 34823 7039 31 - - SYM 34823 7039 32 29 29 CD 34823 7039 33 ; ; : 34823 7039 34 part part NN 34823 7039 35 of of IN 34823 7039 36 general general JJ 34823 7039 37 system system NN 34823 7039 38 of of IN 34823 7039 39 values value NNS 34823 7039 40 , , , 34823 7039 41 40 40 CD 34823 7039 42 - - SYM 34823 7039 43 41 41 CD 34823 7039 44 , , , 34823 7039 45 460 460 CD 34823 7039 46 , , , 34823 7039 47 462 462 CD 34823 7039 48 - - SYM 34823 7039 49 68 68 CD 34823 7039 50 , , , 34823 7039 51 480 480 CD 34823 7039 52 , , , 34823 7039 53 486ff 486ff NNP 34823 7039 54 . . NNP 34823 7039 55 , , , 34823 7039 56 574 574 CD 34823 7039 57 - - SYM 34823 7039 58 75 75 CD 34823 7039 59 ; ; : 34823 7039 60 definition definition NN 34823 7039 61 of of IN 34823 7039 62 , , , 34823 7039 63 459 459 CD 34823 7039 64 - - SYM 34823 7039 65 60 60 CD 34823 7039 66 , , , 34823 7039 67 472 472 CD 34823 7039 68 - - SYM 34823 7039 69 74 74 CD 34823 7039 70 , , , 34823 7039 71 489 489 CD 34823 7039 72 ; ; : 34823 7039 73 distinguished distinguish VBN 34823 7039 74 from from IN 34823 7039 75 credit credit NN 34823 7039 76 transaction transaction NN 34823 7039 77 , , , 34823 7039 78 473 473 CD 34823 7039 79 ; ; : 34823 7039 80 juridical juridical JJ 34823 7039 81 aspects aspect NNS 34823 7039 82 of of IN 34823 7039 83 , , , 34823 7039 84 395 395 CD 34823 7039 85 , , , 34823 7039 86 460 460 CD 34823 7039 87 - - SYM 34823 7039 88 61 61 CD 34823 7039 89 , , , 34823 7039 90 468 468 CD 34823 7039 91 - - SYM 34823 7039 92 73 73 CD 34823 7039 93 ; ; : 34823 7039 94 relation relation NN 34823 7039 95 of of IN 34823 7039 96 , , , 34823 7039 97 to to IN 34823 7039 98 belief belief NN 34823 7039 99 . . . 34823 7040 1 See see VB 34823 7040 2 BELIEF BELIEF NNS 34823 7040 3 . . . 34823 7041 1 Functions function NNS 34823 7041 2 of of IN 34823 7041 3 , , , 34823 7041 4 263 263 CD 34823 7041 5 - - SYM 34823 7041 6 66 66 CD 34823 7041 7 , , , 34823 7041 8 391 391 CD 34823 7041 9 - - SYM 34823 7041 10 92 92 CD 34823 7041 11 , , , 34823 7041 12 395 395 CD 34823 7041 13 , , , 34823 7041 14 407 407 CD 34823 7041 15 , , , 34823 7041 16 441 441 CD 34823 7041 17 , , , 34823 7041 18 475 475 CD 34823 7041 19 - - SYM 34823 7041 20 78 78 CD 34823 7041 21 , , , 34823 7041 22 484ff 484ff NNP 34823 7041 23 . . NNP 34823 7041 24 , , , 34823 7041 25 511 511 CD 34823 7041 26 - - SYM 34823 7041 27 12 12 CD 34823 7041 28 , , , 34823 7041 29 523 523 CD 34823 7041 30 - - SYM 34823 7041 31 29 29 CD 34823 7041 32 ; ; : 34823 7041 33 relation relation NN 34823 7041 34 of of IN 34823 7041 35 , , , 34823 7041 36 to to IN 34823 7041 37 money money NN 34823 7041 38 , , , 34823 7041 39 Ch Ch NNP 34823 7041 40 . . . 34823 7042 1 IX IX NNP 34823 7042 2 , , , 34823 7042 3 Ch Ch NNP 34823 7042 4 . . . 34823 7043 1 XVIII xviii NN 34823 7043 2 , , , 34823 7043 3 393 393 CD 34823 7043 4 , , , 34823 7043 5 395 395 CD 34823 7043 6 . . . 34823 7044 1 See see VB 34823 7044 2 also also RB 34823 7044 3 RESERVES reserve NNS 34823 7044 4 . . . 34823 7045 1 Relation relation NN 34823 7045 2 of of IN 34823 7045 3 , , , 34823 7045 4 to to TO 34823 7045 5 trade trade VB 34823 7045 6 , , , 34823 7045 7 Ch Ch NNP 34823 7045 8 . . . 34823 7046 1 XIII XIII NNP 34823 7046 2 , , , 34823 7046 3 Ch Ch NNP 34823 7046 4 . . . 34823 7047 1 XIV XIV NNP 34823 7047 2 , , , 34823 7047 3 391 391 CD 34823 7047 4 - - SYM 34823 7047 5 92 92 CD 34823 7047 6 , , , 34823 7047 7 393 393 CD 34823 7047 8 ; ; : 34823 7047 9 volume volume NN 34823 7047 10 of of IN 34823 7047 11 , , , 34823 7047 12 a a DT 34823 7047 13 function function NN 34823 7047 14 of of IN 34823 7047 15 dynamic dynamic JJ 34823 7047 16 change change NN 34823 7047 17 , , , 34823 7047 18 474 474 CD 34823 7047 19 ; ; : 34823 7047 20 elastic elastic JJ 34823 7047 21 . . . 34823 7048 1 See see VB 34823 7048 2 BANK BANK NNP 34823 7048 3 CREDIT CREDIT NNP 34823 7048 4 . . . 34823 7049 1 As as IN 34823 7049 2 " " `` 34823 7049 3 capital capital NN 34823 7049 4 , , , 34823 7049 5 " " '' 34823 7049 6 261 261 CD 34823 7049 7 , , , 34823 7049 8 461 461 CD 34823 7049 9 , , , 34823 7049 10 484ff 484ff CD 34823 7049 11 . . . 34823 7050 1 ; ; : 34823 7050 2 in in IN 34823 7050 3 " " `` 34823 7050 4 equation equation NN 34823 7050 5 of of IN 34823 7050 6 exchange exchange NNP 34823 7050 7 , , , 34823 7050 8 " " '' 34823 7050 9 166ff 166ff NNP 34823 7050 10 . . . 34823 7051 1 ; ; : 34823 7051 2 book book NN 34823 7051 3 - - HYPH 34823 7051 4 credit credit NN 34823 7051 5 , , , 34823 7051 6 167ff 167ff NNP 34823 7051 7 . . NNP 34823 7051 8 , , , 34823 7051 9 226 226 CD 34823 7051 10 , , , 34823 7051 11 369 369 CD 34823 7051 12 ; ; : 34823 7051 13 time time NN 34823 7051 14 - - HYPH 34823 7051 15 credit credit NN 34823 7051 16 , , , 34823 7051 17 168 168 CD 34823 7051 18 . . . 34823 7052 1 See see VB 34823 7052 2 LOANS loans NN 34823 7052 3 , , , 34823 7052 4 INTEREST interest NN 34823 7052 5 . . . 34823 7053 1 See see VB 34823 7053 2 also also RB 34823 7053 3 BANK bank NN 34823 7053 4 - - HYPH 34823 7053 5 CREDIT CREDIT NNP 34823 7053 6 , , , 34823 7053 7 DEPOSITS DEPOSITS NNP 34823 7053 8 , , , 34823 7053 9 LOANS loans NN 34823 7053 10 , , , 34823 7053 11 COLLATERAL collateral NN 34823 7053 12 LOANS loan NNS 34823 7053 13 , , , 34823 7053 14 CALL call NN 34823 7053 15 LOANS LOANS NNP 34823 7053 16 , , , 34823 7053 17 ASSETS ASSETS NNPS 34823 7053 18 OF of IN 34823 7053 19 BANKS BANKS NNP 34823 7053 20 , , , 34823 7053 21 BELIEF BELIEF NNP 34823 7053 22 , , , 34823 7053 23 BUSINESS BUSINESS NNP 34823 7053 24 CONFIDENCE confidence NN 34823 7053 25 , , , 34823 7053 26 etc etc FW 34823 7053 27 . . . 34823 7054 1 _ _ NNP 34823 7054 2 Crédit Crédit NNP 34823 7054 3 Lyonnais Lyonnais NNP 34823 7054 4 _ _ NNP 34823 7054 5 , , , 34823 7054 6 530 530 CD 34823 7054 7 , , , 34823 7054 8 n. n. NN 34823 7054 9 Credit credit NN 34823 7054 10 theory theory NN 34823 7054 11 of of IN 34823 7054 12 paper paper NN 34823 7054 13 money money NN 34823 7054 14 . . . 34823 7055 1 See see VB 34823 7055 2 PAPER paper NN 34823 7055 3 MONEY money NN 34823 7055 4 and and CC 34823 7055 5 GREENBACKS greenback NNS 34823 7055 6 . . . 34823 7056 1 Crises crisis NNS 34823 7056 2 , , , 34823 7056 3 213 213 CD 34823 7056 4 , , , 34823 7056 5 254 254 CD 34823 7056 6 , , , 34823 7056 7 520 520 CD 34823 7056 8 , , , 34823 7056 9 548 548 CD 34823 7056 10 - - SYM 34823 7056 11 49 49 CD 34823 7056 12 , , , 34823 7056 13 555 555 CD 34823 7056 14 . . . 34823 7057 1 See see VB 34823 7057 2 PANICS panic NNS 34823 7057 3 , , , 34823 7057 4 BUSINESS business NN 34823 7057 5 CYCLES cycle NNS 34823 7057 6 , , , 34823 7057 7 BUSINESS business NN 34823 7057 8 CONFIDENCE confidence NN 34823 7057 9 , , , 34823 7057 10 THEORY theory NN 34823 7057 11 OF of IN 34823 7057 12 PROSPERITY PROSPERITY NNP 34823 7057 13 . . . 34823 7058 1 Cross cross JJ 34823 7058 2 - - NNP 34823 7058 3 section section NN 34823 7058 4 analysis analysis NN 34823 7058 5 . . . 34823 7059 1 See see VB 34823 7059 2 HISTORICAL HISTORICAL NNP 34823 7059 3 _ _ NNP 34823 7059 4 vs. vs. IN 34823 7059 5 _ _ NNP 34823 7059 6 CROSS CROSS NNP 34823 7059 7 - - HYPH 34823 7059 8 SECTION section NN 34823 7059 9 VIEWPOINTS viewpoints NN 34823 7059 10 . . . 34823 7060 1 Curb curb NN 34823 7060 2 , , , 34823 7060 3 250 250 CD 34823 7060 4 . . . 34823 7061 1 Currency Currency NNP 34823 7061 2 School School NNP 34823 7061 3 , , , 34823 7061 4 283ff 283ff NNP 34823 7061 5 . . . 34823 7061 6 , , , 34823 7061 7 395 395 CD 34823 7061 8 ; ; : 34823 7061 9 " " `` 34823 7061 10 currency currency NN 34823 7061 11 theory theory NN 34823 7061 12 of of IN 34823 7061 13 deposits deposit NNS 34823 7061 14 , , , 34823 7061 15 " " '' 34823 7061 16 283 283 CD 34823 7061 17 . . . 34823 7062 1 Curves curve NNS 34823 7062 2 applied apply VBD 34823 7062 3 to to IN 34823 7062 4 money money NN 34823 7062 5 , , , 34823 7062 6 451 451 CD 34823 7062 7 - - SYM 34823 7062 8 53 53 CD 34823 7062 9 . . . 34823 7063 1 See see VB 34823 7063 2 MARGINAL marginal JJ 34823 7063 3 ANALYSIS analysi NNS 34823 7063 4 . . . 34823 7064 1 Custom custom NN 34823 7064 2 , , , 34823 7064 3 36 36 CD 34823 7064 4 , , , 34823 7064 5 109 109 CD 34823 7064 6 , , , 34823 7064 7 135 135 CD 34823 7064 8 , , , 34823 7064 9 136 136 CD 34823 7064 10 , , , 34823 7064 11 183 183 CD 34823 7064 12 - - SYM 34823 7064 13 84 84 CD 34823 7064 14 , , , 34823 7064 15 205ff 205ff NNP 34823 7064 16 . . NNP 34823 7064 17 , , , 34823 7064 18 391 391 CD 34823 7064 19 , , , 34823 7064 20 405 405 CD 34823 7064 21 , , , 34823 7064 22 562 562 CD 34823 7064 23 , , , 34823 7064 24 n. n. NNP 34823 7064 25 , , , 34823 7064 26 589 589 CD 34823 7064 27 . . . 34823 7065 1 See see VB 34823 7065 2 HABIT HABIT NNP 34823 7065 3 . . . 34823 7066 1 D D NNP 34823 7066 2 Davenport Davenport NNP 34823 7066 3 , , , 34823 7066 4 H. H. NNP 34823 7066 5 J. J. NNP 34823 7066 6 , , , 34823 7066 7 12 12 CD 34823 7066 8 , , , 34823 7066 9 n. n. NNP 34823 7066 10 , , , 34823 7066 11 14 14 CD 34823 7066 12 , , , 34823 7066 13 n. n. NNP 34823 7066 14 , , , 34823 7066 15 21 21 CD 34823 7066 16 , , , 34823 7066 17 n. n. NNP 34823 7066 18 , , , 34823 7066 19 25 25 CD 34823 7066 20 , , , 34823 7066 21 65 65 CD 34823 7066 22 , , , 34823 7066 23 n. n. NNP 34823 7066 24 , , , 34823 7066 25 67 67 CD 34823 7066 26 , , , 34823 7066 27 78 78 CD 34823 7066 28 , , , 34823 7066 29 n. n. NNP 34823 7066 30 , , , 34823 7066 31 80 80 CD 34823 7066 32 , , , 34823 7066 33 91 91 CD 34823 7066 34 , , , 34823 7066 35 n. n. NNP 34823 7066 36 , , , 34823 7066 37 94 94 CD 34823 7066 38 , , , 34823 7066 39 103 103 CD 34823 7066 40 , , , 34823 7066 41 n. n. NNP 34823 7066 42 , , , 34823 7066 43 113 113 CD 34823 7066 44 - - SYM 34823 7066 45 15 15 CD 34823 7066 46 , , , 34823 7066 47 n. n. NNP 34823 7066 48 , , , 34823 7066 49 218 218 CD 34823 7066 50 , , , 34823 7066 51 n. n. NNP 34823 7066 52 , , , 34823 7066 53 314 314 CD 34823 7066 54 , , , 34823 7066 55 418 418 CD 34823 7066 56 , , , 34823 7066 57 n. n. NNP 34823 7066 58 , , , 34823 7066 59 419 419 CD 34823 7066 60 , , , 34823 7066 61 n. n. NNP 34823 7066 62 , , , 34823 7066 63 426 426 CD 34823 7066 64 , , , 34823 7066 65 n. n. NNP 34823 7066 66 , , , 34823 7066 67 429 429 CD 34823 7066 68 , , , 34823 7066 69 n. n. NNP 34823 7066 70 , , , 34823 7066 71 434 434 CD 34823 7066 72 , , , 34823 7066 73 447 447 CD 34823 7066 74 , , , 34823 7066 75 n. n. NNP 34823 7066 76 , , , 34823 7066 77 482 482 CD 34823 7066 78 , , , 34823 7066 79 n. n. NNP 34823 7066 80 Davidson Davidson NNP 34823 7066 81 , , , 34823 7066 82 T. T. NNP 34823 7066 83 , , , 34823 7066 84 18 18 CD 34823 7066 85 , , , 34823 7066 86 n. n. NN 34823 7066 87 Dean Dean NNP 34823 7066 88 , , , 34823 7066 89 Rodney Rodney NNP 34823 7066 90 , , , 34823 7066 91 354 354 CD 34823 7066 92 , , , 34823 7066 93 n. n. NNP 34823 7066 94 Debtor Debtor NNP 34823 7066 95 Class Class NNP 34823 7066 96 , , , 34823 7066 97 139 139 CD 34823 7066 98 . . . 34823 7067 1 Debts Debts NNP 34823 7067 2 , , , 34823 7067 3 433 433 CD 34823 7067 4 , , , 34823 7067 5 n. n. NNP 34823 7068 1 ff ff NNP 34823 7068 2 . . NNP 34823 7068 3 , , , 34823 7068 4 472 472 CD 34823 7068 5 - - SYM 34823 7068 6 75 75 CD 34823 7068 7 , , , 34823 7068 8 489 489 CD 34823 7068 9 ; ; : 34823 7068 10 repudiation repudiation NN 34823 7068 11 of of IN 34823 7068 12 , , , 34823 7068 13 581 581 CD 34823 7068 14 . . . 34823 7069 1 DeCoppet DeCoppet NNP 34823 7069 2 and and CC 34823 7069 3 Doremus Doremus NNP 34823 7069 4 , , , 34823 7069 5 249 249 CD 34823 7069 6 , , , 34823 7069 7 370 370 CD 34823 7069 8 . . . 34823 7070 1 Definition definition NN 34823 7070 2 , , , 34823 7070 3 a a DT 34823 7070 4 , , , 34823 7070 5 as as IN 34823 7070 6 cause cause NN 34823 7070 7 for for IN 34823 7070 8 the the DT 34823 7070 9 circulation circulation NN 34823 7070 10 of of IN 34823 7070 11 money money NN 34823 7070 12 , , , 34823 7070 13 143 143 CD 34823 7070 14 , , , 34823 7070 15 400 400 CD 34823 7070 16 - - SYM 34823 7070 17 01 01 CD 34823 7070 18 . . . 34823 7071 1 DeLaunay DeLaunay NNP 34823 7071 2 , , , 34823 7071 3 L. L. NNP 34823 7071 4 , , , 34823 7071 5 412 412 CD 34823 7071 6 , , , 34823 7071 7 n. n. NNP 34823 7071 8 , , , 34823 7071 9 415 415 CD 34823 7071 10 , , , 34823 7071 11 n. n. NN 34823 7071 12 Demand demand NN 34823 7071 13 . . . 34823 7072 1 See see VB 34823 7072 2 SUPPLY supply NN 34823 7072 3 AND and CC 34823 7072 4 DEMAND demand NN 34823 7072 5 . . . 34823 7073 1 Increase increase NN 34823 7073 2 of of IN 34823 7073 3 , , , 34823 7073 4 53 53 CD 34823 7073 5 ; ; : 34823 7073 6 nominal nominal JJ 34823 7073 7 increase increase NN 34823 7073 8 of of IN 34823 7073 9 , , , 34823 7073 10 54 54 CD 34823 7073 11 ; ; : 34823 7073 12 elasticity elasticity NN 34823 7073 13 of of IN 34823 7073 14 , , , 34823 7073 15 55 55 CD 34823 7073 16 , , , 34823 7073 17 224 224 CD 34823 7073 18 - - SYM 34823 7073 19 27 27 CD 34823 7073 20 , , , 34823 7073 21 411 411 CD 34823 7073 22 - - SYM 34823 7073 23 13 13 CD 34823 7073 24 ; ; : 34823 7073 25 for for IN 34823 7073 26 money money NN 34823 7073 27 , , , 34823 7073 28 in in IN 34823 7073 29 what what WDT 34823 7073 30 sense sense NN 34823 7073 31 used use VBN 34823 7073 32 , , , 34823 7073 33 62 62 CD 34823 7073 34 ; ; : 34823 7073 35 elasticity elasticity NN 34823 7073 36 of of IN 34823 7073 37 , , , 34823 7073 38 224 224 CD 34823 7073 39 - - SYM 34823 7073 40 27 27 CD 34823 7073 41 ; ; : 34823 7073 42 demand demand NN 34823 7073 43 curves curve NNS 34823 7073 44 , , , 34823 7073 45 51 51 CD 34823 7073 46 ; ; : 34823 7073 47 applied apply VBN 34823 7073 48 to to IN 34823 7073 49 gold gold NN 34823 7073 50 , , , 34823 7073 51 451ff 451ff NNP 34823 7073 52 . . . 34823 7074 1 ; ; : 34823 7074 2 social social JJ 34823 7074 3 value value NNP 34823 7074 4 explanation explanation NN 34823 7074 5 of of IN 34823 7074 6 , , , 34823 7074 7 42 42 CD 34823 7074 8 , , , 34823 7074 9 Ch Ch NNP 34823 7074 10 . . . 34823 7075 1 II II NNP 34823 7075 2 , , , 34823 7075 3 93 93 CD 34823 7075 4 ; ; : 34823 7075 5 distinguished distinguish VBN 34823 7075 6 from from IN 34823 7075 7 utility utility NN 34823 7075 8 curves curve NNS 34823 7075 9 , , , 34823 7075 10 49 49 CD 34823 7075 11 , , , 34823 7075 12 52 52 CD 34823 7075 13 , , , 34823 7075 14 70 70 CD 34823 7075 15 , , , 34823 7075 16 80 80 CD 34823 7075 17 , , , 34823 7075 18 113 113 CD 34823 7075 19 , , , 34823 7075 20 n. n. NNP 34823 7075 21 , , , 34823 7075 22 115 115 CD 34823 7075 23 , , , 34823 7075 24 n. n. NNP 34823 7075 25 , , , 34823 7075 26 116 116 CD 34823 7075 27 . . . 34823 7076 1 " " `` 34823 7076 2 Demand demand NN 34823 7076 3 Notes note NNS 34823 7076 4 , , , 34823 7076 5 " " '' 34823 7076 6 322 322 CD 34823 7076 7 , , , 34823 7076 8 448 448 CD 34823 7076 9 , , , 34823 7076 10 n. n. NNP 34823 7076 11 Deposits Deposits NNP 34823 7076 12 , , , 34823 7076 13 129 129 CD 34823 7076 14 , , , 34823 7076 15 143 143 CD 34823 7076 16 , , , 34823 7076 17 Ch Ch NNP 34823 7076 18 . . . 34823 7077 1 IX ix NN 34823 7077 2 , , , 34823 7077 3 186 186 CD 34823 7077 4 , , , 34823 7077 5 296 296 CD 34823 7077 6 , , , 34823 7077 7 344 344 CD 34823 7077 8 , , , 34823 7077 9 345 345 CD 34823 7077 10 - - SYM 34823 7077 11 47 47 CD 34823 7077 12 , , , 34823 7077 13 453 453 CD 34823 7077 14 , , , 34823 7077 15 472 472 CD 34823 7077 16 , , , 34823 7077 17 487 487 CD 34823 7077 18 ; ; : 34823 7077 19 by by IN 34823 7077 20 one one CD 34823 7077 21 bank bank NN 34823 7077 22 in in IN 34823 7077 23 another another DT 34823 7077 24 , , , 34823 7077 25 358 358 CD 34823 7077 26 , , , 34823 7077 27 n. n. NNP 34823 7077 28 , , , 34823 7077 29 349 349 CD 34823 7077 30 , , , 34823 7077 31 355 355 CD 34823 7077 32 , , , 34823 7077 33 n. n. NNP 34823 7077 34 , , , 34823 7077 35 357 357 CD 34823 7077 36 , , , 34823 7077 37 365 365 CD 34823 7077 38 , , , 34823 7077 39 n. n. NNP 34823 7077 40 , , , 34823 7077 41 367 367 NNP 34823 7077 42 , , , 34823 7077 43 n. n. NNP 34823 7077 44 , , , 34823 7077 45 500 500 CD 34823 7077 46 , , , 34823 7077 47 n. n. NNP 34823 7077 48 , , , 34823 7077 49 508 508 CD 34823 7077 50 , , , 34823 7077 51 515 515 CD 34823 7077 52 , , , 34823 7077 53 n. n. NNP 34823 7077 54 , , , 34823 7077 55 530 530 CD 34823 7077 56 - - SYM 34823 7077 57 32 32 CD 34823 7077 58 ; ; : 34823 7077 59 relations relation NNS 34823 7077 60 of of IN 34823 7077 61 , , , 34823 7077 62 to to TO 34823 7077 63 " " `` 34823 7077 64 money money NN 34823 7077 65 in in IN 34823 7077 66 circulation circulation NN 34823 7077 67 , , , 34823 7077 68 " " `` 34823 7077 69 Ch ch NN 34823 7077 70 . . . 34823 7078 1 IX ix NN 34823 7078 2 , , , 34823 7078 3 185 185 CD 34823 7078 4 , , , 34823 7078 5 294 294 CD 34823 7078 6 ; ; : 34823 7078 7 relation relation NN 34823 7078 8 of of IN 34823 7078 9 , , , 34823 7078 10 to to IN 34823 7078 11 reserves reserve NNS 34823 7078 12 , , , 34823 7078 13 Ch Ch NNP 34823 7078 14 . . . 34823 7079 1 IX ix NN 34823 7079 2 , , , 34823 7079 3 286 286 CD 34823 7079 4 - - SYM 34823 7079 5 87 87 CD 34823 7079 6 , , , 34823 7079 7 298 298 CD 34823 7079 8 - - SYM 34823 7079 9 99 99 CD 34823 7079 10 ; ; : 34823 7079 11 activity activity NN 34823 7079 12 of of IN 34823 7079 13 , , , 34823 7079 14 345 345 CD 34823 7079 15 - - SYM 34823 7079 16 47 47 CD 34823 7079 17 , , , 34823 7079 18 512 512 CD 34823 7079 19 - - SYM 34823 7079 20 16 16 CD 34823 7079 21 ; ; : 34823 7079 22 in in IN 34823 7079 23 Europe Europe NNP 34823 7079 24 262 262 CD 34823 7079 25 . . . 34823 7080 1 SEE see VB 34823 7080 2 GIRO GIRO NNP 34823 7080 3 - - HYPH 34823 7080 4 SYSTEM SYSTEM NNP 34823 7080 5 . . . 34823 7081 1 Deposits deposit NNS 34823 7081 2 as as IN 34823 7081 3 " " `` 34823 7081 4 bearers bearer NNS 34823 7081 5 of of IN 34823 7081 6 options option NNS 34823 7081 7 , , , 34823 7081 8 " " '' 34823 7081 9 425 425 CD 34823 7081 10 ; ; : 34823 7081 11 relation relation NN 34823 7081 12 of of IN 34823 7081 13 , , , 34823 7081 14 to to IN 34823 7081 15 loans loan NNS 34823 7081 16 , , , 34823 7081 17 285ff 285ff NNP 34823 7081 18 . . NNP 34823 7081 19 , , , 34823 7081 20 512 512 CD 34823 7081 21 ; ; : 34823 7081 22 relation relation NN 34823 7081 23 of of IN 34823 7081 24 , , , 34823 7081 25 to to TO 34823 7081 26 trade trade NN 34823 7081 27 and and CC 34823 7081 28 prices price NNS 34823 7081 29 , , , 34823 7081 30 Ch Ch NNP 34823 7081 31 . . . 34823 7082 1 XIII XIII NNP 34823 7082 2 , , , 34823 7082 3 Ch Ch NNP 34823 7082 4 . . . 34823 7083 1 XIV XIV NNP 34823 7083 2 , , , 34823 7083 3 287 287 CD 34823 7083 4 ; ; : 34823 7083 5 of of IN 34823 7083 6 private private JJ 34823 7083 7 banks bank NNS 34823 7083 8 , , , 34823 7083 9 344 344 CD 34823 7083 10 ; ; : 34823 7083 11 deposits deposit NNS 34823 7083 12 distinguished distinguish VBN 34823 7083 13 from from IN 34823 7083 14 " " `` 34823 7083 15 deposits deposit NNS 34823 7083 16 , , , 34823 7083 17 " " '' 34823 7083 18 339 339 CD 34823 7083 19 , , , 34823 7083 20 n. n. NNP 34823 7083 21 , , , 34823 7083 22 343 343 CD 34823 7083 23 - - SYM 34823 7083 24 44 44 CD 34823 7083 25 , , , 34823 7083 26 512 512 CD 34823 7083 27 ; ; : 34823 7083 28 relation relation NN 34823 7083 29 of of IN 34823 7083 30 , , , 34823 7083 31 to to IN 34823 7083 32 " " `` 34823 7083 33 deposits deposit NNS 34823 7083 34 , , , 34823 7083 35 " " '' 34823 7083 36 512ff 512ff NN 34823 7083 37 . . . 34823 7084 1 " " `` 34823 7084 2 Deposits deposit NNS 34823 7084 3 " " '' 34823 7084 4 in in IN 34823 7084 5 Kinley Kinley NNP 34823 7084 6 's 's POS 34823 7084 7 studies study NNS 34823 7084 8 of of IN 34823 7084 9 payments payment NNS 34823 7084 10 , , , 34823 7084 11 230 230 CD 34823 7084 12 , , , 34823 7084 13 232 232 CD 34823 7084 14 - - SYM 34823 7084 15 36 36 CD 34823 7084 16 , , , 34823 7084 17 242 242 CD 34823 7084 18 - - SYM 34823 7084 19 43 43 CD 34823 7084 20 , , , 34823 7084 21 338ff 338ff NNP 34823 7084 22 . . NNP 34823 7084 23 , , , 34823 7084 24 392 392 CD 34823 7084 25 , , , 34823 7084 26 512 512 CD 34823 7084 27 - - SYM 34823 7084 28 16 16 CD 34823 7084 29 ; ; : 34823 7084 30 retail retail JJ 34823 7084 31 " " `` 34823 7084 32 deposits deposit NNS 34823 7084 33 , , , 34823 7084 34 " " '' 34823 7084 35 232 232 CD 34823 7084 36 , , , 34823 7084 37 243 243 CD 34823 7084 38 , , , 34823 7084 39 269 269 CD 34823 7084 40 , , , 34823 7084 41 338 338 CD 34823 7084 42 , , , 34823 7084 43 367 367 CD 34823 7084 44 , , , 34823 7084 45 n. n. NNP 34823 7084 46 , , , 34823 7084 47 368 368 CD 34823 7084 48 , , , 34823 7084 49 392 392 CD 34823 7084 50 , , , 34823 7084 51 513 513 CD 34823 7084 52 ; ; : 34823 7084 53 wholesale wholesale JJ 34823 7084 54 " " `` 34823 7084 55 deposits deposit NNS 34823 7084 56 , , , 34823 7084 57 " " '' 34823 7084 58 232 232 CD 34823 7084 59 , , , 34823 7084 60 243 243 CD 34823 7084 61 , , , 34823 7084 62 338 338 CD 34823 7084 63 , , , 34823 7084 64 392 392 CD 34823 7084 65 , , , 34823 7084 66 513 513 CD 34823 7084 67 ; ; : 34823 7084 68 " " `` 34823 7084 69 all all DT 34823 7084 70 other other JJ 34823 7084 71 deposits deposit NNS 34823 7084 72 , , , 34823 7084 73 " " `` 34823 7084 74 232 232 CD 34823 7084 75 , , , 34823 7084 76 235 235 CD 34823 7084 77 - - SYM 34823 7084 78 37 37 CD 34823 7084 79 , , , 34823 7084 80 243 243 CD 34823 7084 81 , , , 34823 7084 82 338 338 CD 34823 7084 83 , , , 34823 7084 84 514 514 CD 34823 7084 85 ; ; : 34823 7084 86 relation relation NN 34823 7084 87 of of IN 34823 7084 88 , , , 34823 7084 89 to to TO 34823 7084 90 trade trade VB 34823 7084 91 , , , 34823 7084 92 230 230 CD 34823 7084 93 , , , 34823 7084 94 243 243 CD 34823 7084 95 - - SYM 34823 7084 96 45 45 CD 34823 7084 97 , , , 34823 7084 98 248 248 CD 34823 7084 99 , , , 34823 7084 100 339 339 CD 34823 7084 101 - - SYM 34823 7084 102 40 40 CD 34823 7084 103 . . . 34823 7085 1 See see VB 34823 7085 2 OVERCOUNTING OVERCOUNTING NNP 34823 7085 3 AND and CC 34823 7085 4 UNDERCOUNTING undercounting NN 34823 7085 5 . . . 34823 7086 1 New New NNP 34823 7086 2 York York NNP 34823 7086 3 City City NNP 34823 7086 4 , , , 34823 7086 5 233 233 CD 34823 7086 6 , , , 34823 7086 7 234 234 CD 34823 7086 8 , , , 34823 7086 9 242 242 CD 34823 7086 10 , , , 34823 7086 11 246 246 CD 34823 7086 12 , , , 34823 7086 13 340ff 340ff JJ 34823 7086 14 . . . 34823 7087 1 ; ; : 34823 7087 2 country country NN 34823 7087 3 , , , 34823 7087 4 246 246 CD 34823 7087 5 ; ; : 34823 7087 6 in in IN 34823 7087 7 Pittsburg Pittsburg NNP 34823 7087 8 , , , 34823 7087 9 245 245 CD 34823 7087 10 - - SYM 34823 7087 11 46 46 CD 34823 7087 12 ; ; : 34823 7087 13 check check VBP 34823 7087 14 " " `` 34823 7087 15 deposits deposit NNS 34823 7087 16 , , , 34823 7087 17 " " '' 34823 7087 18 volume volume NN 34823 7087 19 of of IN 34823 7087 20 , , , 34823 7087 21 339 339 CD 34823 7087 22 , , , 34823 7087 23 360 360 CD 34823 7087 24 - - SYM 34823 7087 25 62 62 CD 34823 7087 26 , , , 34823 7087 27 392 392 CD 34823 7087 28 . . . 34823 7088 1 _ _ NNP 34823 7088 2 Deutsche Deutsche NNP 34823 7088 3 Bank Bank NNP 34823 7088 4 _ _ NNP 34823 7088 5 , , , 34823 7088 6 530 530 CD 34823 7088 7 , , , 34823 7088 8 n. n. NN 34823 7088 9 Dewey Dewey NNP 34823 7088 10 , , , 34823 7088 11 John John NNP 34823 7088 12 , , , 34823 7088 13 17 17 CD 34823 7088 14 , , , 34823 7088 15 n. n. NNP 34823 7088 16 , , , 34823 7088 17 22 22 CD 34823 7088 18 , , , 34823 7088 19 579 579 CD 34823 7088 20 , , , 34823 7088 21 n. n. NN 34823 7088 22 Dibblee Dibblee NNP 34823 7088 23 , , , 34823 7088 24 G. G. NNP 34823 7088 25 B. B. NNP 34823 7088 26 , , , 34823 7088 27 259 259 CD 34823 7088 28 - - SYM 34823 7088 29 60 60 CD 34823 7088 30 . . . 34823 7089 1 Differential differential NN 34823 7089 2 principle principle NN 34823 7089 3 , , , 34823 7089 4 and and CC 34823 7089 5 theory theory NN 34823 7089 6 of of IN 34823 7089 7 rent rent NN 34823 7089 8 , , , 34823 7089 9 430 430 CD 34823 7089 10 - - SYM 34823 7089 11 41 41 CD 34823 7089 12 ; ; : 34823 7089 13 applied apply VBN 34823 7089 14 to to IN 34823 7089 15 money money NN 34823 7089 16 , , , 34823 7089 17 439 439 CD 34823 7089 18 - - SYM 34823 7089 19 41 41 CD 34823 7089 20 , , , 34823 7089 21 529 529 CD 34823 7089 22 . . . 34823 7090 1 Director director NN 34823 7090 2 of of IN 34823 7090 3 the the DT 34823 7090 4 Mint Mint NNP 34823 7090 5 , , , 34823 7090 6 statistics statistic NNS 34823 7090 7 of of IN 34823 7090 8 gold gold NN 34823 7090 9 consumption consumption NN 34823 7090 10 , , , 34823 7090 11 413 413 CD 34823 7090 12 , , , 34823 7090 13 n. n. NN 34823 7090 14 Discount discount NN 34823 7090 15 . . . 34823 7091 1 See see VB 34823 7091 2 TIME TIME NNP 34823 7091 3 - - HYPH 34823 7091 4 DISCOUNT DISCOUNT NNP 34823 7091 5 and and CC 34823 7091 6 CAPITALIZATION CAPITALIZATION NNP 34823 7091 7 THEORY THEORY NNS 34823 7091 8 ; ; : 34823 7091 9 rate rate NN 34823 7091 10 of of IN 34823 7091 11 , , , 34823 7091 12 see see VB 34823 7091 13 INTEREST interest NN 34823 7091 14 ; ; : 34823 7091 15 rate rate NN 34823 7091 16 of of IN 34823 7091 17 , , , 34823 7091 18 _ _ NNP 34823 7091 19 vs. vs. IN 34823 7091 20 _ _ NNP 34823 7091 21 money money NN 34823 7091 22 rates rate NNS 34823 7091 23 , , , 34823 7091 24 see see VB 34823 7091 25 INTEREST interest NN 34823 7091 26 ; ; : 34823 7091 27 on on IN 34823 7091 28 Greenbacks greenback NNS 34823 7091 29 , , , 34823 7091 30 see see VB 34823 7091 31 GREENBACKS greenback NNS 34823 7091 32 , , , 34823 7091 33 PREMIUM PREMIUM NNP 34823 7091 34 , , , 34823 7091 35 AGIO AGIO NNP 34823 7091 36 . . . 34823 7092 1 " " `` 34823 7092 2 Discounting discount VBG 34823 7092 3 , , , 34823 7092 4 " " '' 34823 7092 5 298 298 CD 34823 7092 6 , , , 34823 7092 7 597 597 CD 34823 7092 8 . . . 34823 7093 1 Distribution distribution NN 34823 7093 2 of of IN 34823 7093 3 wealth wealth NN 34823 7093 4 , , , 34823 7093 5 15 15 CD 34823 7093 6 , , , 34823 7093 7 31 31 CD 34823 7093 8 , , , 34823 7093 9 33 33 CD 34823 7093 10 , , , 34823 7093 11 37 37 CD 34823 7093 12 , , , 34823 7093 13 38 38 CD 34823 7093 14 , , , 34823 7093 15 97 97 CD 34823 7093 16 , , , 34823 7093 17 102 102 CD 34823 7093 18 - - SYM 34823 7093 19 03 03 CD 34823 7093 20 , , , 34823 7093 21 246 246 CD 34823 7093 22 , , , 34823 7093 23 247 247 CD 34823 7093 24 , , , 34823 7093 25 n. n. NNP 34823 7093 26 , , , 34823 7093 27 413 413 CD 34823 7093 28 - - SYM 34823 7093 29 16 16 CD 34823 7093 30 , , , 34823 7093 31 465 465 CD 34823 7093 32 - - SYM 34823 7093 33 67 67 CD 34823 7093 34 . . . 34823 7094 1 See see VB 34823 7094 2 also also RB 34823 7094 3 INTEREST interest NN 34823 7094 4 , , , 34823 7094 5 CAPITAL capital NN 34823 7094 6 , , , 34823 7094 7 CAPITALIZATION CAPITALIZATION NNP 34823 7094 8 THEORY THEORY NNP 34823 7094 9 , , , 34823 7094 10 RENT rent NN 34823 7094 11 , , , 34823 7094 12 IMPUTATION imputation NN 34823 7094 13 THEORY THEORY NNP 34823 7094 14 . . . 34823 7095 1 Division division NN 34823 7095 2 of of IN 34823 7095 3 labor labor NN 34823 7095 4 in in IN 34823 7095 5 banking banking NN 34823 7095 6 , , , 34823 7095 7 America America NNP 34823 7095 8 and and CC 34823 7095 9 Germany Germany NNP 34823 7095 10 contrasted contrast VBD 34823 7095 11 , , , 34823 7095 12 527 527 CD 34823 7095 13 ; ; : 34823 7095 14 extent extent NN 34823 7095 15 of of IN 34823 7095 16 in in IN 34823 7095 17 England England NNP 34823 7095 18 , , , 34823 7095 19 530 530 CD 34823 7095 20 , , , 34823 7095 21 540 540 CD 34823 7095 22 - - SYM 34823 7095 23 41 41 CD 34823 7095 24 , , , 34823 7095 25 542 542 CD 34823 7095 26 . . . 34823 7096 1 Dodo dodo NN 34823 7096 2 - - HYPH 34823 7096 3 Bones bone NNS 34823 7096 4 , , , 34823 7096 5 82 82 CD 34823 7096 6 , , , 34823 7096 7 CL CL NNP 34823 7096 8 VII VII NNP 34823 7096 9 , , , 34823 7096 10 155 155 CD 34823 7096 11 , , , 34823 7096 12 280 280 CD 34823 7096 13 , , , 34823 7096 14 304 304 CD 34823 7096 15 , , , 34823 7096 16 321 321 CD 34823 7096 17 , , , 34823 7096 18 325 325 CD 34823 7096 19 . . . 34823 7097 1 " " `` 34823 7097 2 Dollar dollar NN 34823 7097 3 exchange exchange NN 34823 7097 4 , , , 34823 7097 5 " " `` 34823 7097 6 541 541 CD 34823 7097 7 . . . 34823 7098 1 " " `` 34823 7098 2 Domestic domestic JJ 34823 7098 3 trade trade NN 34823 7098 4 " " '' 34823 7098 5 _ _ NNP 34823 7098 6 vs. vs. IN 34823 7098 7 _ _ NNP 34823 7098 8 foreign foreign JJ 34823 7098 9 trade trade NN 34823 7098 10 , , , 34823 7098 11 appendix appendix NNP 34823 7098 12 to to IN 34823 7098 13 Ch Ch NNP 34823 7098 14 . . . 34823 7099 1 XIII XIII NNP 34823 7099 2 . . . 34823 7100 1 See see VB 34823 7100 2 TRADE trade NN 34823 7100 3 . . . 34823 7101 1 Double double JJ 34823 7101 2 counting counting NN 34823 7101 3 in in IN 34823 7101 4 estimating estimate VBG 34823 7101 5 volume volume NN 34823 7101 6 of of IN 34823 7101 7 trade trade NN 34823 7101 8 . . . 34823 7102 1 See see VB 34823 7102 2 OVERCOUNTING OVERCOUNTING NNP 34823 7102 3 . . . 34823 7103 1 Dualism Dualism NNP 34823 7103 2 , , , 34823 7103 3 most most JJS 34823 7103 4 useful useful JJ 34823 7103 5 metaphysics metaphysic NNS 34823 7103 6 for for IN 34823 7103 7 social social JJ 34823 7103 8 sciences sciences NNPS 34823 7103 9 , , , 34823 7103 10 571 571 CD 34823 7103 11 - - SYM 34823 7103 12 72 72 CD 34823 7103 13 . . . 34823 7104 1 _ _ NNP 34823 7104 2 Dun Dun NNP 34823 7104 3 's 's POS 34823 7104 4 Review Review NNP 34823 7104 5 _ _ NNP 34823 7104 6 , , , 34823 7104 7 272 272 CD 34823 7104 8 , , , 34823 7104 9 n. n. NNP 34823 7104 10 , , , 34823 7104 11 273 273 CD 34823 7104 12 , , , 34823 7104 13 n. n. NNP 34823 7104 14 Dynamics Dynamics NNP 34823 7104 15 , , , 34823 7104 16 42 42 CD 34823 7104 17 , , , 34823 7104 18 106 106 CD 34823 7104 19 , , , 34823 7104 20 178 178 CD 34823 7104 21 , , , 34823 7104 22 n. n. NN 34823 7104 23 , , , 34823 7104 24 Ch Ch NNP 34823 7104 25 . . . 34823 7105 1 X X NNP 34823 7105 2 , , , 34823 7105 3 254 254 CD 34823 7105 4 , , , 34823 7105 5 262 262 CD 34823 7105 6 - - SYM 34823 7105 7 66 66 CD 34823 7105 8 , , , 34823 7105 9 392 392 CD 34823 7105 10 - - SYM 34823 7105 11 93 93 CD 34823 7105 12 , , , 34823 7105 13 395 395 CD 34823 7105 14 - - SYM 34823 7105 15 96 96 CD 34823 7105 16 , , , 34823 7105 17 426 426 CD 34823 7105 18 , , , 34823 7105 19 474 474 CD 34823 7105 20 , , , 34823 7105 21 484 484 CD 34823 7105 22 - - SYM 34823 7105 23 89 89 CD 34823 7105 24 , , , 34823 7105 25 495 495 CD 34823 7105 26 , , , 34823 7105 27 527 527 CD 34823 7105 28 - - SYM 34823 7105 29 28 28 CD 34823 7105 30 , , , 34823 7105 31 Ch Ch NNP 34823 7105 32 . . . 34823 7106 1 XXV XXV NNP 34823 7106 2 ; ; : 34823 7106 3 dynamics dynamic NNS 34823 7106 4 and and CC 34823 7106 5 statics static NNS 34823 7106 6 , , , 34823 7106 7 reconciliation reconciliation NN 34823 7106 8 of of IN 34823 7106 9 , , , 34823 7106 10 42 42 CD 34823 7106 11 , , , 34823 7106 12 395 395 CD 34823 7106 13 - - SYM 34823 7106 14 96 96 CD 34823 7106 15 , , , 34823 7106 16 Ch Ch NNP 34823 7106 17 . . . 34823 7107 1 XXV XXV NNP 34823 7107 2 ; ; : 34823 7107 3 " " `` 34823 7107 4 dynamic dynamic JJ 34823 7107 5 credit credit NN 34823 7107 6 , , , 34823 7107 7 " " '' 34823 7107 8 484 484 CD 34823 7107 9 - - CD 34823 7107 10 89 89 CD 34823 7107 11 . . . 34823 7108 1 See see VB 34823 7108 2 TRANSITION transition NN 34823 7108 3 PERIODS period NNS 34823 7108 4 , , , 34823 7108 5 PROSPERITY prosperity NN 34823 7108 6 , , , 34823 7108 7 THEORY THEORY NNP 34823 7108 8 OF of IN 34823 7108 9 , , , 34823 7108 10 STATICS STATICS NNP 34823 7108 11 , , , 34823 7108 12 " " `` 34823 7108 13 NORMAL NORMAL NNP 34823 7108 14 , , , 34823 7108 15 " " '' 34823 7108 16 FRICTION FRICTION NNP 34823 7108 17 , , , 34823 7108 18 FLUIDITY FLUIDITY NNP 34823 7108 19 , , , 34823 7108 20 LIQUIDITY LIQUIDITY NNP 34823 7108 21 , , , 34823 7108 22 SALEABILITY SALEABILITY NNP 34823 7108 23 , , , 34823 7108 24 EQUILIBRIUM EQUILIBRIUM NNP 34823 7108 25 , , , 34823 7108 26 BUSINESS BUSINESS NNP 34823 7108 27 CAPITAL CAPITAL NNP 34823 7108 28 , , , 34823 7108 29 INTANGIBLE INTANGIBLE NNP 34823 7108 30 CAPITAL CAPITAL NNP 34823 7108 31 , , , 34823 7108 32 etc etc FW 34823 7108 33 . . . 34823 7109 1 E E NNP 34823 7109 2 Elasticity elasticity NN 34823 7109 3 . . . 34823 7110 1 See see VB 34823 7110 2 DEMAND demand NN 34823 7110 3 , , , 34823 7110 4 ELASTICITY ELASTICITY NNP 34823 7110 5 OF of IN 34823 7110 6 , , , 34823 7110 7 AND and CC 34823 7110 8 BANK BANK NNP 34823 7110 9 - - HYPH 34823 7110 10 CREDIT CREDIT NNP 34823 7110 11 , , , 34823 7110 12 ELASTICITY ELASTICITY NNP 34823 7110 13 OF of IN 34823 7110 14 . . . 34823 7111 1 Ellwood Ellwood NNP 34823 7111 2 , , , 34823 7111 3 C. C. NNP 34823 7111 4 A. A. NNP 34823 7111 5 , , , 34823 7111 6 4 4 CD 34823 7111 7 , , , 34823 7111 8 n. n. NNP 34823 7111 9 , , , 34823 7111 10 21 21 CD 34823 7111 11 , , , 34823 7111 12 n. n. NNP 34823 7111 13 Emery Emery NNP 34823 7111 14 , , , 34823 7111 15 H. H. NNP 34823 7111 16 C C NNP 34823 7111 17 , , , 34823 7111 18 146 146 CD 34823 7111 19 , , , 34823 7111 20 n. n. NNP 34823 7111 21 , , , 34823 7111 22 371 371 CD 34823 7111 23 , , , 34823 7111 24 n. n. NNP 34823 7111 25 , , , 34823 7111 26 576 576 CD 34823 7111 27 , , , 34823 7111 28 n. n. NN 34823 7111 29 England England NNP 34823 7111 30 , , , 34823 7111 31 142 142 CD 34823 7111 32 , , , 34823 7111 33 184 184 CD 34823 7111 34 , , , 34823 7111 35 447 447 CD 34823 7111 36 - - SYM 34823 7111 37 48 48 CD 34823 7111 38 , , , 34823 7111 39 450 450 CD 34823 7111 40 , , , 34823 7111 41 530 530 CD 34823 7111 42 , , , 34823 7111 43 534 534 CD 34823 7111 44 , , , 34823 7111 45 536 536 CD 34823 7111 46 - - SYM 34823 7111 47 43 43 CD 34823 7111 48 . . . 34823 7112 1 See see VB 34823 7112 2 LONDON LONDON NNP 34823 7112 3 , , , 34823 7112 4 and and CC 34823 7112 5 LIVERPOOL LIVERPOOL NNP 34823 7112 6 . . . 34823 7113 1 Bank Bank NNP 34823 7113 2 of of IN 34823 7113 3 England England NNP 34823 7113 4 , , , 34823 7113 5 183 183 CD 34823 7113 6 , , , 34823 7113 7 319 319 CD 34823 7113 8 , , , 34823 7113 9 323 323 CD 34823 7113 10 , , , 34823 7113 11 350 350 CD 34823 7113 12 , , , 34823 7113 13 538ff 538ff NNP 34823 7113 14 . . . 34823 7114 1 ; ; : 34823 7114 2 " " `` 34823 7114 3 Bank Bank NNP 34823 7114 4 Restriction Restriction NNP 34823 7114 5 " " '' 34823 7114 6 in in IN 34823 7114 7 , , , 34823 7114 8 323 323 CD 34823 7114 9 , , , 34823 7114 10 n. n. NNP 34823 7114 11 English English NNP 34823 7114 12 School School NNP 34823 7114 13 , , , 34823 7114 14 96 96 CD 34823 7114 15 . . . 34823 7115 1 See see VB 34823 7115 2 CLASSICAL CLASSICAL NNP 34823 7115 3 SCHOOL school NN 34823 7115 4 . . . 34823 7116 1 Entrepreneur entrepreneur NN 34823 7116 2 , , , 34823 7116 3 67 67 CD 34823 7116 4 , , , 34823 7116 5 485ff 485ff NNP 34823 7116 6 . . NNP 34823 7116 7 , , , 34823 7116 8 539 539 CD 34823 7116 9 , , , 34823 7116 10 583 583 CD 34823 7116 11 - - SYM 34823 7116 12 85 85 CD 34823 7116 13 . . . 34823 7117 1 " " `` 34823 7117 2 Epi Epi NNP 34823 7117 3 - - HYPH 34823 7117 4 phenomenon phenomenon NN 34823 7117 5 , , , 34823 7117 6 " " '' 34823 7117 7 money money NN 34823 7117 8 as as IN 34823 7117 9 , , , 34823 7117 10 266 266 CD 34823 7117 11 . . . 34823 7118 1 " " `` 34823 7118 2 Equation Equation NNP 34823 7118 3 of of IN 34823 7118 4 Exchange Exchange NNP 34823 7118 5 , , , 34823 7118 6 " " `` 34823 7118 7 Ch ch NN 34823 7118 8 . . . 34823 7119 1 VIII VIII NNP 34823 7119 2 , , , 34823 7119 3 186 186 CD 34823 7119 4 , , , 34823 7119 5 188 188 CD 34823 7119 6 , , , 34823 7119 7 191 191 CD 34823 7119 8 , , , 34823 7119 9 204 204 CD 34823 7119 10 , , , 34823 7119 11 283 283 CD 34823 7119 12 , , , 34823 7119 13 Ch Ch NNP 34823 7119 14 . . . 34823 7120 1 XV XV NNP 34823 7120 2 , , , 34823 7120 3 326 326 CD 34823 7120 4 , , , 34823 7120 5 363 363 CD 34823 7120 6 , , , 34823 7120 7 520 520 CD 34823 7120 8 - - SYM 34823 7120 9 22 22 CD 34823 7120 10 , , , 34823 7120 11 527 527 CD 34823 7120 12 , , , 34823 7120 13 n. n. NNP 34823 7120 14 , , , 34823 7120 15 528 528 CD 34823 7120 16 , , , 34823 7120 17 n. n. NNP 34823 7120 18 ; ; : 34823 7120 19 as as IN 34823 7120 20 equation equation NN 34823 7120 21 of of IN 34823 7120 22 " " `` 34823 7120 23 values value NNS 34823 7120 24 , , , 34823 7120 25 " " '' 34823 7120 26 159 159 CD 34823 7120 27 ; ; : 34823 7120 28 mathematical mathematical JJ 34823 7120 29 analysis analysis NN 34823 7120 30 of of IN 34823 7120 31 , , , 34823 7120 32 158 158 CD 34823 7120 33 - - SYM 34823 7120 34 66 66 CD 34823 7120 35 ; ; : 34823 7120 36 factors factor NNS 34823 7120 37 in in IN 34823 7120 38 , , , 34823 7120 39 highly highly RB 34823 7120 40 abstract abstract JJ 34823 7120 41 , , , 34823 7120 42 162 162 CD 34823 7120 43 - - SYM 34823 7120 44 63 63 CD 34823 7120 45 , , , 34823 7120 46 176 176 CD 34823 7120 47 - - SYM 34823 7120 48 77 77 CD 34823 7120 49 ; ; : 34823 7120 50 " " `` 34823 7120 51 equation equation NNP 34823 7120 52 of of IN 34823 7120 53 exchange exchange NNP 34823 7120 54 " " `` 34823 7120 55 _ _ NNP 34823 7120 56 vs. vs. IN 34823 7120 57 _ _ NNP 34823 7120 58 causal causal NN 34823 7120 59 theory theory NN 34823 7120 60 , , , 34823 7120 61 163 163 CD 34823 7120 62 , , , 34823 7120 63 165 165 CD 34823 7120 64 - - SYM 34823 7120 65 66 66 CD 34823 7120 66 , , , 34823 7120 67 186 186 CD 34823 7120 68 , , , 34823 7120 69 189 189 CD 34823 7120 70 , , , 34823 7120 71 n. n. NN 34823 7120 72 See see VB 34823 7120 73 CAUSAL causal NN 34823 7120 74 THEORY THEORY NNP 34823 7120 75 OF of IN 34823 7120 76 VALUE value NN 34823 7120 77 . . . 34823 7121 1 Statistics statistic NNS 34823 7121 2 of of IN 34823 7121 3 , , , 34823 7121 4 Ch Ch NNP 34823 7121 5 . . . 34823 7122 1 XIX XIX NNP 34823 7122 2 . . . 34823 7123 1 See see VB 34823 7123 2 QUANTITY QUANTITY NNP 34823 7123 3 THEORY THEORY NNP 34823 7123 4 , , , 34823 7123 5 DEPOSITS deposit NNS 34823 7123 6 , , , 34823 7123 7 VELOCITY velocity NN 34823 7123 8 , , , 34823 7123 9 TRADE trade NN 34823 7123 10 , , , 34823 7123 11 VOLUME volume NN 34823 7123 12 OF of IN 34823 7123 13 , , , 34823 7123 14 PRICE price NN 34823 7123 15 - - HYPH 34823 7123 16 LEVEL level NN 34823 7123 17 , , , 34823 7123 18 etc etc FW 34823 7123 19 . . . 34823 7124 1 Equation equation NN 34823 7124 2 of of IN 34823 7124 3 supply supply NN 34823 7124 4 and and CC 34823 7124 5 demand demand NN 34823 7124 6 , , , 34823 7124 7 51 51 CD 34823 7124 8 . . . 34823 7125 1 See see VB 34823 7125 2 SUPPLY supply NN 34823 7125 3 AND and CC 34823 7125 4 DEMAND demand NN 34823 7125 5 . . . 34823 7126 1 Equilibrium equilibrium NN 34823 7126 2 , , , 34823 7126 3 91ff 91ff NN 34823 7126 4 . . . 34823 7126 5 , , , 34823 7126 6 105 105 CD 34823 7126 7 , , , 34823 7126 8 115 115 CD 34823 7126 9 , , , 34823 7126 10 n. n. NNP 34823 7126 11 , , , 34823 7126 12 116 116 CD 34823 7126 13 , , , 34823 7126 14 117 117 CD 34823 7126 15 , , , 34823 7126 16 119 119 CD 34823 7126 17 , , , 34823 7126 18 156 156 CD 34823 7126 19 , , , 34823 7126 20 187 187 CD 34823 7126 21 , , , 34823 7126 22 190 190 CD 34823 7126 23 , , , 34823 7126 24 222 222 CD 34823 7126 25 , , , 34823 7126 26 225 225 CD 34823 7126 27 , , , 34823 7126 28 254 254 CD 34823 7126 29 , , , 34823 7126 30 262 262 CD 34823 7126 31 - - SYM 34823 7126 32 66 66 CD 34823 7126 33 , , , 34823 7126 34 293 293 CD 34823 7126 35 , , , 34823 7126 36 298 298 CD 34823 7126 37 - - SYM 34823 7126 38 99 99 CD 34823 7126 39 , , , 34823 7126 40 328 328 CD 34823 7126 41 , , , 34823 7126 42 333 333 CD 34823 7126 43 , , , 34823 7126 44 n. n. NNP 34823 7126 45 , , , 34823 7126 46 392 392 CD 34823 7126 47 - - SYM 34823 7126 48 93 93 CD 34823 7126 49 , , , 34823 7126 50 401 401 CD 34823 7126 51 , , , 34823 7126 52 451 451 CD 34823 7126 53 - - SYM 34823 7126 54 57 57 CD 34823 7126 55 , , , 34823 7126 56 557 557 CD 34823 7126 57 , , , 34823 7126 58 570 570 CD 34823 7126 59 - - SYM 34823 7126 60 73 73 CD 34823 7126 61 , , , 34823 7126 62 583 583 CD 34823 7126 63 , , , 34823 7126 64 586 586 CD 34823 7126 65 - - SYM 34823 7126 66 89 89 CD 34823 7126 67 . . . 34823 7127 1 European European NNP 34823 7127 2 Banking Banking NNP 34823 7127 3 , , , 34823 7127 4 262 262 CD 34823 7127 5 , , , 34823 7127 6 497 497 CD 34823 7127 7 , , , 34823 7127 8 511 511 CD 34823 7127 9 , , , 34823 7127 10 523 523 CD 34823 7127 11 , , , 34823 7127 12 527 527 CD 34823 7127 13 , , , 34823 7127 14 530 530 CD 34823 7127 15 . . . 34823 7128 1 See See NNP 34823 7128 2 ENGLAND ENGLAND NNP 34823 7128 3 , , , 34823 7128 4 GERMANY GERMANY NNP 34823 7128 5 , , , 34823 7128 6 FRANCE FRANCE NNP 34823 7128 7 , , , 34823 7128 8 AUSTRIA AUSTRIA NNP 34823 7128 9 - - HYPH 34823 7128 10 HUNGARY HUNGARY NNP 34823 7128 11 , , , 34823 7128 12 BELGIUM BELGIUM NNP 34823 7128 13 , , , 34823 7128 14 etc etc FW 34823 7128 15 . . . 34823 7129 1 Exchange exchange NN 34823 7129 2 , , , 34823 7129 3 9 9 CD 34823 7129 4 - - SYM 34823 7129 5 11 11 CD 34823 7129 6 , , , 34823 7129 7 133 133 CD 34823 7129 8 , , , 34823 7129 9 224ff 224ff NNP 34823 7129 10 . . NNP 34823 7129 11 , , , 34823 7129 12 398ff 398ff NNP 34823 7129 13 . . NNP 34823 7129 14 , , , 34823 7129 15 468 468 CD 34823 7129 16 - - SYM 34823 7129 17 69 69 CD 34823 7129 18 , , , 34823 7129 19 520 520 CD 34823 7129 20 - - SYM 34823 7129 21 23 23 CD 34823 7129 22 ; ; : 34823 7129 23 creates create VBZ 34823 7129 24 _ _ NNP 34823 7129 25 values value NNS 34823 7129 26 _ _ NNP 34823 7129 27 , , , 34823 7129 28 not not RB 34823 7129 29 _ _ NNP 34823 7129 30 utilities utility NNS 34823 7129 31 _ _ NNP 34823 7129 32 , , , 34823 7129 33 111 111 CD 34823 7129 34 , , , 34823 7129 35 n. n. NNP 34823 7129 36 , , , 34823 7129 37 145 145 CD 34823 7129 38 , , , 34823 7129 39 423 423 CD 34823 7129 40 - - SYM 34823 7129 41 24 24 CD 34823 7129 42 , , , 34823 7129 43 424 424 CD 34823 7129 44 , , , 34823 7129 45 n. n. NNP 34823 7129 46 ; ; : 34823 7129 47 in in IN 34823 7129 48 static static JJ 34823 7129 49 state state NN 34823 7129 50 , , , 34823 7129 51 262 262 CD 34823 7129 52 - - SYM 34823 7129 53 66 66 CD 34823 7129 54 , , , 34823 7129 55 401 401 CD 34823 7129 56 - - SYM 34823 7129 57 02 02 CD 34823 7129 58 ; ; : 34823 7129 59 relation relation NN 34823 7129 60 of of IN 34823 7129 61 , , , 34823 7129 62 to to TO 34823 7129 63 value value NN 34823 7129 64 , , , 34823 7129 65 9 9 CD 34823 7129 66 - - SYM 34823 7129 67 11 11 CD 34823 7129 68 , , , 34823 7129 69 401ff 401ff NNP 34823 7129 70 . . NNP 34823 7129 71 , , , 34823 7129 72 468 468 CD 34823 7129 73 - - SYM 34823 7129 74 69 69 CD 34823 7129 75 . . . 34823 7130 1 See see VB 34823 7130 2 TRADE trade NN 34823 7130 3 , , , 34823 7130 4 GOLD gold NN 34823 7130 5 MOVEMENTS MOVEMENTS NNP 34823 7130 6 , , , 34823 7130 7 INTERNATIONAL INTERNATIONAL NNP 34823 7130 8 , , , 34823 7130 9 ETC ETC NNP 34823 7130 10 . . . 34823 7131 1 Exchangeability exchangeability NN 34823 7131 2 . . . 34823 7132 1 See see VB 34823 7132 2 SALEABILITY SALEABILITY NNP 34823 7132 3 . . . 34823 7133 1 F F NNP 34823 7133 2 Fashion Fashion NNP 34823 7133 3 . . . 34823 7134 1 See see VB 34823 7134 2 SUGGESTION SUGGESTION NNP 34823 7134 3 . . . 34823 7135 1 Federal Federal NNP 34823 7135 2 Government Government NNP 34823 7135 3 , , , 34823 7135 4 147 147 CD 34823 7135 5 , , , 34823 7135 6 322 322 CD 34823 7135 7 , , , 34823 7135 8 332 332 CD 34823 7135 9 , , , 34823 7135 10 368 368 CD 34823 7135 11 , , , 34823 7135 12 432 432 CD 34823 7135 13 , , , 34823 7135 14 476 476 CD 34823 7135 15 , , , 34823 7135 16 549 549 CD 34823 7135 17 ; ; : 34823 7135 18 Federal federal JJ 34823 7135 19 war war NN 34823 7135 20 tax tax NN 34823 7135 21 as as IN 34823 7135 22 index index NN 34823 7135 23 of of IN 34823 7135 24 grain grain NN 34823 7135 25 speculation speculation NN 34823 7135 26 , , , 34823 7135 27 251 251 CD 34823 7135 28 . . . 34823 7136 1 Federal Federal NNP 34823 7136 2 Reserve Reserve NNP 34823 7136 3 System System NNP 34823 7136 4 , , , 34823 7136 5 299 299 CD 34823 7136 6 , , , 34823 7136 7 490 490 CD 34823 7136 8 , , , 34823 7136 9 499 499 CD 34823 7136 10 , , , 34823 7136 11 518 518 CD 34823 7136 12 - - SYM 34823 7136 13 20 20 CD 34823 7136 14 ; ; : 34823 7136 15 should should MD 34823 7136 16 rediscount rediscount VB 34823 7136 17 stock stock NN 34823 7136 18 collateral collateral JJ 34823 7136 19 loans loan NNS 34823 7136 20 , , , 34823 7136 21 518 518 CD 34823 7136 22 - - SYM 34823 7136 23 20 20 CD 34823 7136 24 ; ; : 34823 7136 25 " " `` 34823 7136 26 money money NN 34823 7136 27 trust trust NN 34823 7136 28 " " '' 34823 7136 29 and and CC 34823 7136 30 , , , 34823 7136 31 518 518 CD 34823 7136 32 - - SYM 34823 7136 33 20 20 CD 34823 7136 34 . . . 34823 7137 1 Fetter Fetter NNP 34823 7137 2 , , , 34823 7137 3 F. F. NNP 34823 7137 4 A. a. NN 34823 7137 5 , , , 34823 7137 6 7 7 CD 34823 7137 7 , , , 34823 7137 8 n. n. NNP 34823 7137 9 , , , 34823 7137 10 48 48 CD 34823 7137 11 , , , 34823 7137 12 78 78 CD 34823 7137 13 , , , 34823 7137 14 n. n. NNP 34823 7137 15 , , , 34823 7137 16 301 301 CD 34823 7137 17 , , , 34823 7137 18 n. n. NNP 34823 7137 19 , , , 34823 7137 20 303 303 CD 34823 7137 21 , , , 34823 7137 22 n. n. NNP 34823 7137 23 , , , 34823 7137 24 437 437 CD 34823 7137 25 , , , 34823 7137 26 440 440 CD 34823 7137 27 , , , 34823 7137 28 n. n. NNP 34823 7137 29 , , , 34823 7137 30 562 562 CD 34823 7137 31 , , , 34823 7137 32 n. n. NN 34823 7137 33 Fiat Fiat NNP 34823 7137 34 theory theory NN 34823 7137 35 , , , 34823 7137 36 136 136 CD 34823 7137 37 , , , 34823 7137 38 142 142 CD 34823 7137 39 . . . 34823 7138 1 See see VB 34823 7138 2 also also RB 34823 7138 3 LEGAL LEGAL NNP 34823 7138 4 THEORY THEORY NNP 34823 7138 5 , , , 34823 7138 6 _ _ NNP 34823 7138 7 Staatliche Staatliche NNP 34823 7138 8 Theorie Theorie NNP 34823 7138 9 _ _ NNP 34823 7138 10 . . . 34823 7139 1 Fichte Fichte NNP 34823 7139 2 , , , 34823 7139 3 J. J. NNP 34823 7139 4 G. G. NNP 34823 7139 5 , , , 34823 7139 6 22 22 CD 34823 7139 7 , , , 34823 7139 8 137 137 CD 34823 7139 9 . . . 34823 7140 1 Fisher Fisher NNP 34823 7140 2 , , , 34823 7140 3 I. I. NNP 34823 7140 4 , , , 34823 7140 5 47 47 CD 34823 7140 6 , , , 34823 7140 7 56 56 CD 34823 7140 8 , , , 34823 7140 9 81 81 CD 34823 7140 10 , , , 34823 7140 11 91 91 CD 34823 7140 12 , , , 34823 7140 13 n. n. NN 34823 7140 14 , , , 34823 7140 15 99 99 CD 34823 7140 16 , , , 34823 7140 17 117 117 CD 34823 7140 18 , , , 34823 7140 19 n. n. NNP 34823 7140 20 , , , 34823 7140 21 124 124 CD 34823 7140 22 , , , 34823 7140 23 128 128 CD 34823 7140 24 , , , 34823 7140 25 130 130 CD 34823 7140 26 , , , 34823 7140 27 143 143 CD 34823 7140 28 , , , 34823 7140 29 152 152 CD 34823 7140 30 , , , 34823 7140 31 154ff 154ff NNS 34823 7140 32 . . NNP 34823 7140 33 , , , 34823 7140 34 172ff 172ff NNP 34823 7140 35 . . . 34823 7140 36 , , , 34823 7140 37 186ff 186ff NNP 34823 7140 38 . . . 34823 7140 39 , , , 34823 7140 40 196 196 CD 34823 7140 41 , , , 34823 7140 42 200 200 CD 34823 7140 43 , , , 34823 7140 44 n. n. NNP 34823 7140 45 , , , 34823 7140 46 203ff 203ff NNP 34823 7140 47 . . NNP 34823 7140 48 , , , 34823 7140 49 209ff 209ff NNP 34823 7140 50 . . NNP 34823 7140 51 , , , 34823 7140 52 216ff 216ff NNP 34823 7140 53 . . . 34823 7140 54 , , , 34823 7140 55 222 222 CD 34823 7140 56 , , , 34823 7140 57 226 226 CD 34823 7140 58 - - SYM 34823 7140 59 29 29 CD 34823 7140 60 , , , 34823 7140 61 231 231 CD 34823 7140 62 , , , 34823 7140 63 240 240 CD 34823 7140 64 , , , 34823 7140 65 247 247 CD 34823 7140 66 , , , 34823 7140 67 248 248 CD 34823 7140 68 , , , 34823 7140 69 n. n. NNP 34823 7140 70 , , , 34823 7140 71 254 254 CD 34823 7140 72 , , , 34823 7140 73 256 256 CD 34823 7140 74 , , , 34823 7140 75 261 261 CD 34823 7140 76 , , , 34823 7140 77 262 262 CD 34823 7140 78 , , , 34823 7140 79 274 274 CD 34823 7140 80 , , , 34823 7140 81 281ff 281ff NNP 34823 7140 82 . . NNP 34823 7140 83 , , , 34823 7140 84 291ff 291ff NNP 34823 7140 85 . . NNP 34823 7140 86 , , , 34823 7140 87 301 301 CD 34823 7140 88 , , , 34823 7140 89 n. n. NN 34823 7140 90 , , , 34823 7140 91 302 302 CD 34823 7140 92 - - HYPH 34823 7140 93 04 04 CD 34823 7140 94 , , , 34823 7140 95 306 306 CD 34823 7140 96 , , , 34823 7140 97 308 308 CD 34823 7140 98 , , , 34823 7140 99 311 311 CD 34823 7140 100 , , , 34823 7140 101 312 312 CD 34823 7140 102 , , , 34823 7140 103 324 324 CD 34823 7140 104 , , , 34823 7140 105 326 326 CD 34823 7140 106 , , , 34823 7140 107 331 331 CD 34823 7140 108 , , , 34823 7140 109 333 333 CD 34823 7140 110 , , , 34823 7140 111 n. n. NNP 34823 7140 112 , , , 34823 7140 113 335ff 335ff NNP 34823 7140 114 . . NNP 34823 7140 115 , , , 34823 7140 116 348 348 CD 34823 7140 117 - - SYM 34823 7140 118 49 49 CD 34823 7140 119 , , , 34823 7140 120 351 351 CD 34823 7140 121 - - SYM 34823 7140 122 52 52 CD 34823 7140 123 , , , 34823 7140 124 360ff 360ff NN 34823 7140 125 . . NNP 34823 7140 126 , , , 34823 7140 127 371 371 CD 34823 7140 128 , , , 34823 7140 129 376 376 CD 34823 7140 130 , , , 34823 7140 131 381 381 CD 34823 7140 132 - - SYM 34823 7140 133 83 83 CD 34823 7140 134 , , , 34823 7140 135 400 400 CD 34823 7140 136 , , , 34823 7140 137 437 437 CD 34823 7140 138 , , , 34823 7140 139 455 455 CD 34823 7140 140 , , , 34823 7140 141 522 522 CD 34823 7140 142 , , , 34823 7140 143 537 537 CD 34823 7140 144 , , , 34823 7140 145 555 555 CD 34823 7140 146 , , , 34823 7140 147 559 559 CD 34823 7140 148 , , , 34823 7140 149 563 563 CD 34823 7140 150 . . . 34823 7141 1 Fite Fite NNP 34823 7141 2 , , , 34823 7141 3 W. W. NNP 34823 7141 4 , , , 34823 7141 5 21 21 CD 34823 7141 6 , , , 34823 7141 7 n. n. NN 34823 7141 8 Fluidity Fluidity NNP 34823 7141 9 , , , 34823 7141 10 143 143 CD 34823 7141 11 , , , 34823 7141 12 403 403 CD 34823 7141 13 , , , 34823 7141 14 456 456 CD 34823 7141 15 , , , 34823 7141 16 476 476 CD 34823 7141 17 , , , 34823 7141 18 542 542 CD 34823 7141 19 , , , 34823 7141 20 563 563 CD 34823 7141 21 , , , 34823 7141 22 n. n. NNP 34823 7141 23 See see VB 34823 7141 24 also also RB 34823 7141 25 LIQUIDITY LIQUIDITY NNP 34823 7141 26 , , , 34823 7141 27 SALEABILITY SALEABILITY NNP 34823 7141 28 , , , 34823 7141 29 STATIC STATIC NNP 34823 7141 30 THEORY THEORY NNP 34823 7141 31 , , , 34823 7141 32 ETC ETC NNP 34823 7141 33 . . . 34823 7142 1 Flux Flux NNP 34823 7142 2 , , , 34823 7142 3 W. W. NNP 34823 7142 4 A. A. NNP 34823 7142 5 , , , 34823 7142 6 49 49 CD 34823 7142 7 . . . 34823 7143 1 Foreign foreign JJ 34823 7143 2 bills bill NNS 34823 7143 3 of of IN 34823 7143 4 exchange exchange NN 34823 7143 5 , , , 34823 7143 6 in in IN 34823 7143 7 reserves reserve NNS 34823 7143 8 , , , 34823 7143 9 181 181 CD 34823 7143 10 - - SYM 34823 7143 11 82 82 CD 34823 7143 12 . . . 34823 7144 1 See see VB 34823 7144 2 BILLS BILLS NNP 34823 7144 3 OF of IN 34823 7144 4 EXCHANGE EXCHANGE NNP 34823 7144 5 AND and CC 34823 7144 6 GOLD GOLD NNP 34823 7144 7 MOVEMENTS MOVEMENTS NNP 34823 7144 8 , , , 34823 7144 9 INTERNATIONAL INTERNATIONAL NNP 34823 7144 10 . . . 34823 7145 1 Foreign foreign JJ 34823 7145 2 trade trade NN 34823 7145 3 , , , 34823 7145 4 261 261 CD 34823 7145 5 , , , 34823 7145 6 265 265 CD 34823 7145 7 , , , 34823 7145 8 503 503 CD 34823 7145 9 ; ; : 34823 7145 10 ratio ratio NN 34823 7145 11 of of IN 34823 7145 12 , , , 34823 7145 13 to to IN 34823 7145 14 " " `` 34823 7145 15 domestic domestic JJ 34823 7145 16 trade trade NN 34823 7145 17 , , , 34823 7145 18 " " '' 34823 7145 19 appendix appendix NNP 34823 7145 20 to to IN 34823 7145 21 Ch Ch NNP 34823 7145 22 . . . 34823 7146 1 XIII XIII NNP 34823 7146 2 . . . 34823 7147 1 See see VB 34823 7147 2 TRADE trade NN 34823 7147 3 , , , 34823 7147 4 BILLS BILLS NNPS 34823 7147 5 OF of IN 34823 7147 6 EXCHANGE EXCHANGE NNP 34823 7147 7 , , , 34823 7147 8 GOLD GOLD NNP 34823 7147 9 MOVEMENTS MOVEMENTS NNP 34823 7147 10 , , , 34823 7147 11 INTERNATIONAL INTERNATIONAL NNP 34823 7147 12 . . . 34823 7148 1 France France NNP 34823 7148 2 , , , 34823 7148 3 136 136 CD 34823 7148 4 , , , 34823 7148 5 139 139 CD 34823 7148 6 , , , 34823 7148 7 n. n. NNP 34823 7148 8 , , , 34823 7148 9 450 450 CD 34823 7148 10 , , , 34823 7148 11 530 530 CD 34823 7148 12 , , , 34823 7148 13 n. n. NNP 34823 7148 14 , , , 34823 7148 15 533 533 CD 34823 7148 16 ; ; : 34823 7148 17 _ _ NNP 34823 7148 18 Banque Banque NNP 34823 7148 19 de de NNP 34823 7148 20 _ _ NNP 34823 7148 21 , , , 34823 7148 22 136 136 CD 34823 7148 23 , , , 34823 7148 24 183 183 CD 34823 7148 25 , , , 34823 7148 26 425 425 CD 34823 7148 27 , , , 34823 7148 28 538 538 CD 34823 7148 29 - - SYM 34823 7148 30 39 39 CD 34823 7148 31 . . . 34823 7149 1 Friction Friction NNP 34823 7149 2 , , , 34823 7149 3 11 11 CD 34823 7149 4 , , , 34823 7149 5 94 94 CD 34823 7149 6 , , , 34823 7149 7 262 262 CD 34823 7149 8 - - SYM 34823 7149 9 66 66 CD 34823 7149 10 , , , 34823 7149 11 392 392 CD 34823 7149 12 , , , 34823 7149 13 426 426 CD 34823 7149 14 , , , 34823 7149 15 543 543 CD 34823 7149 16 - - SYM 34823 7149 17 44 44 CD 34823 7149 18 , , , 34823 7149 19 554 554 CD 34823 7149 20 - - SYM 34823 7149 21 55 55 CD 34823 7149 22 , , , 34823 7149 23 563 563 CD 34823 7149 24 . . . 34823 7150 1 See see VB 34823 7150 2 also also RB 34823 7150 3 STATICS STATICS NNP 34823 7150 4 , , , 34823 7150 5 DYNAMICS DYNAMICS NNP 34823 7150 6 , , , 34823 7150 7 SALEABILITY SALEABILITY NNP 34823 7150 8 . . . 34823 7151 1 Functions function NNS 34823 7151 2 of of IN 34823 7151 3 money money NN 34823 7151 4 , , , 34823 7151 5 76 76 CD 34823 7151 6 , , , 34823 7151 7 81 81 CD 34823 7151 8 , , , 34823 7151 9 83 83 CD 34823 7151 10 , , , 34823 7151 11 93 93 CD 34823 7151 12 - - SYM 34823 7151 13 94 94 CD 34823 7151 14 , , , 34823 7151 15 110 110 CD 34823 7151 16 - - SYM 34823 7151 17 11 11 CD 34823 7151 18 , , , 34823 7151 19 144 144 CD 34823 7151 20 - - SYM 34823 7151 21 48 48 CD 34823 7151 22 , , , 34823 7151 23 151 151 CD 34823 7151 24 - - SYM 34823 7151 25 53 53 CD 34823 7151 26 , , , 34823 7151 27 201 201 CD 34823 7151 28 , , , 34823 7151 29 263 263 CD 34823 7151 30 - - SYM 34823 7151 31 66 66 CD 34823 7151 32 , , , 34823 7151 33 313 313 CD 34823 7151 34 - - SYM 34823 7151 35 14 14 CD 34823 7151 36 , , , 34823 7151 37 327 327 CD 34823 7151 38 - - SYM 34823 7151 39 28 28 CD 34823 7151 40 , , , 34823 7151 41 390 390 CD 34823 7151 42 - - SYM 34823 7151 43 91 91 CD 34823 7151 44 , , , 34823 7151 45 394 394 CD 34823 7151 46 , , , 34823 7151 47 399 399 CD 34823 7151 48 , , , 34823 7151 49 Ch Ch NNP 34823 7151 50 . . . 34823 7152 1 XXII XXII NNP 34823 7152 2 , , , 34823 7152 3 536ff 536ff NN 34823 7152 4 . . . 34823 7152 5 , , , 34823 7152 6 543 543 CD 34823 7152 7 ; ; : 34823 7152 8 in in IN 34823 7152 9 relation relation NN 34823 7152 10 to to IN 34823 7152 11 value value NN 34823 7152 12 of of IN 34823 7152 13 money money NN 34823 7152 14 , , , 34823 7152 15 144ff 144ff NNS 34823 7152 16 . . NNP 34823 7152 17 , , , 34823 7152 18 390 390 CD 34823 7152 19 - - SYM 34823 7152 20 91 91 CD 34823 7152 21 , , , 34823 7152 22 309 309 CD 34823 7152 23 - - SYM 34823 7152 24 400 400 CD 34823 7152 25 , , , 34823 7152 26 Ch Ch NNP 34823 7152 27 . . . 34823 7153 1 XXII XXII NNP 34823 7153 2 . . . 34823 7154 1 Functions function NNS 34823 7154 2 of of IN 34823 7154 3 value value NN 34823 7154 4 . . . 34823 7155 1 See see VB 34823 7155 2 VALUE VALUE NNP 34823 7155 3 , , , 34823 7155 4 FUNCTIONS FUNCTIONS NNP 34823 7155 5 OF of IN 34823 7155 6 . . . 34823 7156 1 " " `` 34823 7156 2 Futures future NNS 34823 7156 3 , , , 34823 7156 4 " " '' 34823 7156 5 243 243 CD 34823 7156 6 , , , 34823 7156 7 251 251 CD 34823 7156 8 . . . 34823 7157 1 See see VB 34823 7157 2 STOCKS stock NNS 34823 7157 3 , , , 34823 7157 4 " " `` 34823 7157 5 BORROWING borrowing NN 34823 7157 6 AND and CC 34823 7157 7 CARRYING carrying NN 34823 7157 8 " " '' 34823 7157 9 OF of IN 34823 7157 10 . . . 34823 7158 1 Future future JJ 34823 7158 2 values value NNS 34823 7158 3 , , , 34823 7158 4 40 40 CD 34823 7158 5 , , , 34823 7158 6 107 107 CD 34823 7158 7 , , , 34823 7158 8 459 459 CD 34823 7158 9 - - SYM 34823 7158 10 60 60 CD 34823 7158 11 , , , 34823 7158 12 480 480 CD 34823 7158 13 , , , 34823 7158 14 486 486 CD 34823 7158 15 , , , 34823 7158 16 585 585 CD 34823 7158 17 . . . 34823 7159 1 See see VB 34823 7159 2 CREDIT credit NN 34823 7159 3 , , , 34823 7159 4 PART PART NNP 34823 7159 5 OF of IN 34823 7159 6 GENERAL GENERAL NNP 34823 7159 7 SYSTEM system NN 34823 7159 8 OF of IN 34823 7159 9 VALUES values NN 34823 7159 10 . . . 34823 7160 1 Futurity futurity NN 34823 7160 2 , , , 34823 7160 3 not not RB 34823 7160 4 peculiar peculiar JJ 34823 7160 5 to to IN 34823 7160 6 credit credit NN 34823 7160 7 , , , 34823 7160 8 459 459 CD 34823 7160 9 - - SYM 34823 7160 10 60 60 CD 34823 7160 11 , , , 34823 7160 12 475 475 CD 34823 7160 13 . . . 34823 7161 1 G G NNP 34823 7161 2 George George NNP 34823 7161 3 , , , 34823 7161 4 Henry Henry NNP 34823 7161 5 , , , 34823 7161 6 78 78 CD 34823 7161 7 , , , 34823 7161 8 n. n. NNP 34823 7161 9 , , , 34823 7161 10 301 301 CD 34823 7161 11 , , , 34823 7161 12 n. n. NN 34823 7161 13 Germany Germany NNP 34823 7161 14 , , , 34823 7161 15 136 136 CD 34823 7161 16 , , , 34823 7161 17 139 139 CD 34823 7161 18 , , , 34823 7161 19 n. n. NNP 34823 7161 20 , , , 34823 7161 21 145 145 CD 34823 7161 22 - - SYM 34823 7161 23 46 46 CD 34823 7161 24 , , , 34823 7161 25 167 167 CD 34823 7161 26 , , , 34823 7161 27 425 425 CD 34823 7161 28 , , , 34823 7161 29 433 433 CD 34823 7161 30 , , , 34823 7161 31 n. n. NNP 34823 7161 32 , , , 34823 7161 33 435 435 CD 34823 7161 34 , , , 34823 7161 35 n. n. NNP 34823 7161 36 , , , 34823 7161 37 527 527 CD 34823 7161 38 , , , 34823 7161 39 530 530 CD 34823 7161 40 , , , 34823 7161 41 n. n. NNP 34823 7161 42 ; ; : 34823 7161 43 giro giro NNP 34823 7161 44 - - HYPH 34823 7161 45 system system NN 34823 7161 46 in in IN 34823 7161 47 , , , 34823 7161 48 150 150 CD 34823 7161 49 , , , 34823 7161 50 167 167 CD 34823 7161 51 , , , 34823 7161 52 289 289 CD 34823 7161 53 ; ; : 34823 7161 54 great great JJ 34823 7161 55 use use NN 34823 7161 56 of of IN 34823 7161 57 domestic domestic JJ 34823 7161 58 bills bill NNS 34823 7161 59 of of IN 34823 7161 60 exchange exchange NN 34823 7161 61 in in IN 34823 7161 62 , , , 34823 7161 63 288 288 CD 34823 7161 64 - - SYM 34823 7161 65 89 89 CD 34823 7161 66 ; ; : 34823 7161 67 limited limited JJ 34823 7161 68 division division NN 34823 7161 69 of of IN 34823 7161 70 labor labor NN 34823 7161 71 in in IN 34823 7161 72 banking banking NN 34823 7161 73 in in RP 34823 7161 74 , , , 34823 7161 75 527 527 CD 34823 7161 76 ; ; : 34823 7161 77 Reichsbank Reichsbank NNP 34823 7161 78 , , , 34823 7161 79 182 182 CD 34823 7161 80 , , , 34823 7161 81 183 183 CD 34823 7161 82 . . . 34823 7162 1 Giddings Giddings NNP 34823 7162 2 , , , 34823 7162 3 F. F. NNP 34823 7162 4 H. H. NNP 34823 7162 5 , , , 34823 7162 6 87 87 CD 34823 7162 7 , , , 34823 7162 8 n. n. NNP 34823 7162 9 , , , 34823 7162 10 556 556 CD 34823 7162 11 - - SYM 34823 7162 12 57 57 CD 34823 7162 13 , , , 34823 7162 14 571 571 CD 34823 7162 15 , , , 34823 7162 16 573 573 CD 34823 7162 17 , , , 34823 7162 18 n. n. NNP 34823 7162 19 Giro Giro NNP 34823 7162 20 - - HYPH 34823 7162 21 system system NN 34823 7162 22 . . . 34823 7163 1 See see VB 34823 7163 2 GERMANY GERMANY NNP 34823 7163 3 . . . 34823 7164 1 Gold gold NN 34823 7164 2 , , , 34823 7164 3 84 84 CD 34823 7164 4 , , , 34823 7164 5 143 143 CD 34823 7164 6 , , , 34823 7164 7 Ch Ch NNP 34823 7164 8 . . . 34823 7165 1 XXI XXI NNP 34823 7165 2 , , , 34823 7165 3 422 422 CD 34823 7165 4 , , , 34823 7165 5 432 432 CD 34823 7165 6 , , , 34823 7165 7 436 436 CD 34823 7165 8 , , , 34823 7165 9 441 441 CD 34823 7165 10 - - SYM 34823 7165 11 43 43 CD 34823 7165 12 , , , 34823 7165 13 443 443 CD 34823 7165 14 - - SYM 34823 7165 15 44 44 CD 34823 7165 16 , , , 34823 7165 17 n. n. NNP 34823 7165 18 , , , 34823 7165 19 530 530 CD 34823 7165 20 , , , 34823 7165 21 535 535 CD 34823 7165 22 - - SYM 34823 7165 23 56 56 CD 34823 7165 24 , , , 34823 7165 25 538 538 CD 34823 7165 26 - - SYM 34823 7165 27 39 39 CD 34823 7165 28 , , , 34823 7165 29 567 567 CD 34823 7165 30 , , , 34823 7165 31 591 591 CD 34823 7165 32 ; ; : 34823 7165 33 in in IN 34823 7165 34 arts art NNS 34823 7165 35 , , , 34823 7165 36 84 84 CD 34823 7165 37 , , , 34823 7165 38 135 135 CD 34823 7165 39 , , , 34823 7165 40 151 151 CD 34823 7165 41 - - SYM 34823 7165 42 53 53 CD 34823 7165 43 , , , 34823 7165 44 224 224 CD 34823 7165 45 , , , 34823 7165 46 314 314 CD 34823 7165 47 , , , 34823 7165 48 330 330 CD 34823 7165 49 , , , 34823 7165 50 390 390 CD 34823 7165 51 , , , 34823 7165 52 400 400 CD 34823 7165 53 , , , 34823 7165 54 Ch Ch NNP 34823 7165 55 . . . 34823 7166 1 XXI XXI NNP 34823 7166 2 , , , 34823 7166 3 451 451 CD 34823 7166 4 - - SYM 34823 7166 5 57 57 CD 34823 7166 6 ; ; : 34823 7166 7 as as IN 34823 7166 8 money money NN 34823 7166 9 , , , 34823 7166 10 84 84 CD 34823 7166 11 , , , 34823 7166 12 135 135 CD 34823 7166 13 , , , 34823 7166 14 141 141 CD 34823 7166 15 , , , 34823 7166 16 146 146 CD 34823 7166 17 , , , 34823 7166 18 224 224 CD 34823 7166 19 , , , 34823 7166 20 304 304 CD 34823 7166 21 , , , 34823 7166 22 322 322 CD 34823 7166 23 - - SYM 34823 7166 24 23 23 CD 34823 7166 25 , , , 34823 7166 26 390 390 CD 34823 7166 27 , , , 34823 7166 28 408 408 CD 34823 7166 29 - - SYM 34823 7166 30 16 16 CD 34823 7166 31 , , , 34823 7166 32 441 441 CD 34823 7166 33 - - SYM 34823 7166 34 43 43 CD 34823 7166 35 , , , 34823 7166 36 445 445 CD 34823 7166 37 , , , 34823 7166 38 451 451 CD 34823 7166 39 - - SYM 34823 7166 40 57 57 CD 34823 7166 41 , , , 34823 7166 42 495 495 CD 34823 7166 43 - - SYM 34823 7166 44 96 96 CD 34823 7166 45 , , , 34823 7166 46 530 530 CD 34823 7166 47 , , , 34823 7166 48 535 535 CD 34823 7166 49 - - SYM 34823 7166 50 56 56 CD 34823 7166 51 , , , 34823 7166 52 538 538 CD 34823 7166 53 - - SYM 34823 7166 54 39 39 CD 34823 7166 55 ; ; : 34823 7166 56 value value NN 34823 7166 57 of of IN 34823 7166 58 , , , 34823 7166 59 84 84 CD 34823 7166 60 , , , 34823 7166 61 Ch Ch NNP 34823 7166 62 . . . 34823 7167 1 XXI XXI NNP 34823 7167 2 , , , 34823 7167 3 esp esp RB 34823 7167 4 . . . 34823 7168 1 408 408 CD 34823 7168 2 - - SYM 34823 7168 3 16 16 CD 34823 7168 4 , , , 34823 7168 5 451 451 CD 34823 7168 6 - - SYM 34823 7168 7 57 57 CD 34823 7168 8 ; ; : 34823 7168 9 in in IN 34823 7168 10 reserves reserve NNS 34823 7168 11 , , , 34823 7168 12 147 147 CD 34823 7168 13 , , , 34823 7168 14 180 180 CD 34823 7168 15 - - SYM 34823 7168 16 81 81 CD 34823 7168 17 , , , 34823 7168 18 324 324 CD 34823 7168 19 - - SYM 34823 7168 20 28 28 CD 34823 7168 21 . . . 34823 7169 1 Gold gold NN 34823 7169 2 mining mining NN 34823 7169 3 camps camp NNS 34823 7169 4 , , , 34823 7169 5 high high JJ 34823 7169 6 prices price NNS 34823 7169 7 in in IN 34823 7169 8 , , , 34823 7169 9 220 220 CD 34823 7169 10 , , , 34823 7169 11 n. n. NN 34823 7169 12 Gold gold NN 34823 7169 13 movements movement NNS 34823 7169 14 , , , 34823 7169 15 international international JJ 34823 7169 16 , , , 34823 7169 17 60 60 CD 34823 7169 18 - - SYM 34823 7169 19 61 61 CD 34823 7169 20 , , , 34823 7169 21 129 129 CD 34823 7169 22 , , , 34823 7169 23 142 142 CD 34823 7169 24 , , , 34823 7169 25 181 181 CD 34823 7169 26 - - SYM 34823 7169 27 82 82 CD 34823 7169 28 , , , 34823 7169 29 183 183 CD 34823 7169 30 , , , 34823 7169 31 261 261 CD 34823 7169 32 , , , 34823 7169 33 280 280 CD 34823 7169 34 , , , 34823 7169 35 292 292 CD 34823 7169 36 , , , 34823 7169 37 Ch Ch NNP 34823 7169 38 . . . 34823 7170 1 XVI XVI NNP 34823 7170 2 , , , 34823 7170 3 434 434 CD 34823 7170 4 , , , 34823 7170 5 n. n. NNP 34823 7170 6 , , , 34823 7170 7 531 531 CD 34823 7170 8 , , , 34823 7170 9 533 533 CD 34823 7170 10 - - SYM 34823 7170 11 34 34 CD 34823 7170 12 . . . 34823 7171 1 Gold gold NN 34823 7171 2 production production NN 34823 7171 3 and and CC 34823 7171 4 prices price NNS 34823 7171 5 , , , 34823 7171 6 Ch Ch NNP 34823 7171 7 . . . 34823 7172 1 XVIII xviii VB 34823 7172 2 , , , 34823 7172 3 535 535 CD 34823 7172 4 - - SYM 34823 7172 5 36 36 CD 34823 7172 6 ; ; : 34823 7172 7 new new JJ 34823 7172 8 world world NN 34823 7172 9 discoveries discovery NNS 34823 7172 10 , , , 34823 7172 11 219ff 219ff NNP 34823 7172 12 . . . 34823 7173 1 ; ; : 34823 7173 2 Californian californian JJ 34823 7173 3 and and CC 34823 7173 4 Australian australian JJ 34823 7173 5 discoveries discovery NNS 34823 7173 6 , , , 34823 7173 7 220 220 CD 34823 7173 8 - - SYM 34823 7173 9 21 21 CD 34823 7173 10 , , , 34823 7173 11 221 221 CD 34823 7173 12 , , , 34823 7173 13 n. n. NN 34823 7173 14 Goods Goods NNP 34823 7173 15 , , , 34823 7173 16 consumers consumer NNS 34823 7173 17 ' ' POS 34823 7173 18 , , , 34823 7173 19 34ff 34ff NNS 34823 7173 20 . . . 34823 7173 21 , , , 34823 7173 22 82 82 CD 34823 7173 23 , , , 34823 7173 24 96 96 CD 34823 7173 25 , , , 34823 7173 26 481 481 CD 34823 7173 27 ; ; : 34823 7173 28 ranks rank NNS 34823 7173 29 or or CC 34823 7173 30 orders order NNS 34823 7173 31 of of IN 34823 7173 32 . . . 34823 7174 1 See see VB 34823 7174 2 RANKS RANKS NNP 34823 7174 3 . . . 34823 7175 1 Instrumental Instrumental NNP 34823 7175 2 , , , 34823 7175 3 38 38 CD 34823 7175 4 , , , 34823 7175 5 81 81 CD 34823 7175 6 , , , 34823 7175 7 297 297 CD 34823 7175 8 , , , 34823 7175 9 482 482 CD 34823 7175 10 , , , 34823 7175 11 484 484 CD 34823 7175 12 , , , 34823 7175 13 500 500 CD 34823 7175 14 , , , 34823 7175 15 569 569 CD 34823 7175 16 , , , 34823 7175 17 579 579 CD 34823 7175 18 . . . 34823 7176 1 " " `` 34823 7176 2 Goods good NNS 34823 7176 3 side side NN 34823 7176 4 " " '' 34823 7176 5 of of IN 34823 7176 6 " " `` 34823 7176 7 equation equation NNP 34823 7176 8 of of IN 34823 7176 9 exchange exchange NN 34823 7176 10 , , , 34823 7176 11 " " '' 34823 7176 12 no no UH 34823 7176 13 , , , 34823 7176 14 159 159 CD 34823 7176 15 . . . 34823 7177 1 " " `` 34823 7177 2 Good good JJ 34823 7177 3 will will NN 34823 7177 4 , , , 34823 7177 5 " " '' 34823 7177 6 260 260 CD 34823 7177 7 , , , 34823 7177 8 482 482 CD 34823 7177 9 - - SYM 34823 7177 10 83 83 CD 34823 7177 11 , , , 34823 7177 12 561 561 CD 34823 7177 13 , , , 34823 7177 14 564 564 CD 34823 7177 15 . . . 34823 7178 1 See see VB 34823 7178 2 BUSINESS BUSINESS NNP 34823 7178 3 CAPITAL capital NN 34823 7178 4 , , , 34823 7178 5 INTANGIBLE INTANGIBLE NNP 34823 7178 6 CAPITAL CAPITAL NNP 34823 7178 7 , , , 34823 7178 8 SELLING sell VBG 34823 7178 9 COSTS COSTS NNP 34823 7178 10 , , , 34823 7178 11 ETC ETC NNP 34823 7178 12 . . . 34823 7179 1 Grain grain NN 34823 7179 2 speculation speculation NN 34823 7179 3 . . . 34823 7180 1 See see VB 34823 7180 2 SPECULATION SPECULATION NNP 34823 7180 3 , , , 34823 7180 4 COMMODITY COMMODITY NNP 34823 7180 5 . . . 34823 7181 1 Greenbacks greenback NNS 34823 7181 2 , , , 34823 7181 3 141 141 CD 34823 7181 4 , , , 34823 7181 5 146 146 CD 34823 7181 6 , , , 34823 7181 7 147 147 CD 34823 7181 8 , , , 34823 7181 9 194 194 CD 34823 7181 10 , , , 34823 7181 11 304 304 CD 34823 7181 12 , , , 34823 7181 13 322 322 CD 34823 7181 14 - - SYM 34823 7181 15 23 23 CD 34823 7181 16 , , , 34823 7181 17 332 332 CD 34823 7181 18 - - SYM 34823 7181 19 33 33 CD 34823 7181 20 , , , 34823 7181 21 422 422 CD 34823 7181 22 , , , 34823 7181 23 432 432 CD 34823 7181 24 , , , 34823 7181 25 435 435 CD 34823 7181 26 , , , 34823 7181 27 436 436 CD 34823 7181 28 , , , 34823 7181 29 567 567 CD 34823 7181 30 - - SYM 34823 7181 31 68 68 CD 34823 7181 32 . . . 34823 7182 1 Gresham Gresham NNP 34823 7182 2 's 's POS 34823 7182 3 Law Law NNP 34823 7182 4 , , , 34823 7182 5 129 129 CD 34823 7182 6 , , , 34823 7182 7 140 140 CD 34823 7182 8 , , , 34823 7182 9 n. n. NN 34823 7182 10 , , , 34823 7182 11 Ch Ch NNP 34823 7182 12 . . . 34823 7183 1 XVII XVII NNP 34823 7183 2 ; ; : 34823 7183 3 conflicts conflict NNS 34823 7183 4 with with IN 34823 7183 5 quantity quantity NN 34823 7183 6 theory theory NN 34823 7183 7 , , , 34823 7183 8 Ch Ch NNP 34823 7183 9 . . . 34823 7184 1 XVII XVII NNP 34823 7184 2 ; ; : 34823 7184 3 quantity quantity NN 34823 7184 4 theory theory NN 34823 7184 5 version version NN 34823 7184 6 of of IN 34823 7184 7 , , , 34823 7184 8 321 321 CD 34823 7184 9 - - SYM 34823 7184 10 22 22 CD 34823 7184 11 . . . 34823 7185 1 H H NNP 34823 7185 2 Habit Habit NNP 34823 7185 3 , , , 34823 7185 4 104 104 CD 34823 7185 5 , , , 34823 7185 6 109 109 CD 34823 7185 7 , , , 34823 7185 8 138 138 CD 34823 7185 9 , , , 34823 7185 10 225 225 CD 34823 7185 11 , , , 34823 7185 12 554 554 CD 34823 7185 13 - - SYM 34823 7185 14 55 55 CD 34823 7185 15 , , , 34823 7185 16 589 589 CD 34823 7185 17 . . . 34823 7186 1 See see VB 34823 7186 2 also also RB 34823 7186 3 CUSTOM CUSTOM NNS 34823 7186 4 . . . 34823 7187 1 Hadley Hadley NNP 34823 7187 2 , , , 34823 7187 3 A. A. NNP 34823 7187 4 T. T. NNP 34823 7187 5 , , , 34823 7187 6 157 157 CD 34823 7187 7 . . . 34823 7188 1 Haig Haig NNP 34823 7188 2 , , , 34823 7188 3 R. R. NNP 34823 7188 4 M. M. NNP 34823 7188 5 , , , 34823 7188 6 552 552 CD 34823 7188 7 , , , 34823 7188 8 n. n. NN 34823 7188 9 Hamburg Hamburg NNP 34823 7188 10 , , , 34823 7188 11 coffee coffee NN 34823 7188 12 speculation speculation NN 34823 7188 13 in in IN 34823 7188 14 , , , 34823 7188 15 252 252 CD 34823 7188 16 ; ; : 34823 7188 17 Giro Giro NNP 34823 7188 18 - - HYPH 34823 7188 19 Bank Bank NNP 34823 7188 20 , , , 34823 7188 21 150 150 CD 34823 7188 22 . . . 34823 7189 1 Haney Haney NNP 34823 7189 2 , , , 34823 7189 3 L. L. NNP 34823 7189 4 H. H. NNP 34823 7189 5 , , , 34823 7189 6 3 3 CD 34823 7189 7 , , , 34823 7189 8 n. n. NNP 34823 7189 9 Harvey Harvey NNP 34823 7189 10 , , , 34823 7189 11 " " `` 34823 7189 12 Coin Coin NNP 34823 7189 13 , , , 34823 7189 14 " " '' 34823 7189 15 327 327 CD 34823 7189 16 . . . 34823 7190 1 Havre Havre NNP 34823 7190 2 , , , 34823 7190 3 coffee coffee NN 34823 7190 4 speculation speculation NN 34823 7190 5 in in IN 34823 7190 6 , , , 34823 7190 7 252 252 CD 34823 7190 8 . . . 34823 7191 1 " " `` 34823 7191 2 Hedging Hedging NNP 34823 7191 3 , , , 34823 7191 4 " " '' 34823 7191 5 243 243 CD 34823 7191 6 , , , 34823 7191 7 253 253 CD 34823 7191 8 , , , 34823 7191 9 264 264 CD 34823 7191 10 . . . 34823 7192 1 Hegel Hegel NNP 34823 7192 2 , , , 34823 7192 3 G. G. NNP 34823 7192 4 W. W. NNP 34823 7192 5 F. F. NNP 34823 7192 6 , , , 34823 7192 7 18 18 CD 34823 7192 8 , , , 34823 7192 9 n. n. NNP 34823 7192 10 Helfferich Helfferich NNP 34823 7192 11 , , , 34823 7192 12 Karl Karl NNP 34823 7192 13 , , , 34823 7192 14 14 14 CD 34823 7192 15 , , , 34823 7192 16 82 82 CD 34823 7192 17 , , , 34823 7192 18 n. n. NNP 34823 7192 19 , , , 34823 7192 20 110 110 CD 34823 7192 21 , , , 34823 7192 22 n. n. NNP 34823 7192 23 , , , 34823 7192 24 134 134 CD 34823 7192 25 , , , 34823 7192 26 418 418 CD 34823 7192 27 , , , 34823 7192 28 n. n. NNP 34823 7192 29 , , , 34823 7192 30 419 419 CD 34823 7192 31 , , , 34823 7192 32 n. n. NN 34823 7192 33 Heredity Heredity NNP 34823 7192 34 , , , 34823 7192 35 571 571 CD 34823 7192 36 - - SYM 34823 7192 37 73 73 CD 34823 7192 38 . . . 34823 7193 1 Hermann Hermann NNP 34823 7193 2 , , , 34823 7193 3 F. F. NNP 34823 7193 4 B. B. NNP 34823 7193 5 W. W. NNP 34823 7193 6 von von NNP 34823 7193 7 , , , 34823 7193 8 438 438 CD 34823 7193 9 , , , 34823 7193 10 n. n. NN 34823 7193 11 History history NN 34823 7193 12 , , , 34823 7193 13 economic economic JJ 34823 7193 14 interpretation interpretation NN 34823 7193 15 of of IN 34823 7193 16 , , , 34823 7193 17 33 33 CD 34823 7193 18 . . . 34823 7194 1 Historical historical JJ 34823 7194 2 vs. vs. CC 34823 7194 3 cross cross JJ 34823 7194 4 - - JJ 34823 7194 5 section section JJ 34823 7194 6 viewpoints viewpoint NNS 34823 7194 7 , , , 34823 7194 8 101ff 101ff NNP 34823 7194 9 . . NNP 34823 7194 10 , , , 34823 7194 11 119 119 CD 34823 7194 12 - - SYM 34823 7194 13 20 20 CD 34823 7194 14 , , , 34823 7194 15 135 135 CD 34823 7194 16 - - SYM 34823 7194 17 39 39 CD 34823 7194 18 , , , 34823 7194 19 397 397 CD 34823 7194 20 - - SYM 34823 7194 21 400 400 CD 34823 7194 22 , , , 34823 7194 23 548 548 CD 34823 7194 24 , , , 34823 7194 25 553 553 CD 34823 7194 26 - - SYM 34823 7194 27 54 54 CD 34823 7194 28 , , , 34823 7194 29 578 578 CD 34823 7194 30 - - SYM 34823 7194 31 81 81 CD 34823 7194 32 . . . 34823 7195 1 See see VB 34823 7195 2 also also RB 34823 7195 3 STATICS STATICS NNP 34823 7195 4 , , , 34823 7195 5 DYNAMICS DYNAMICS NNP 34823 7195 6 . . . 34823 7196 1 Hoarding Hoarding NNP 34823 7196 2 , , , 34823 7196 3 140 140 CD 34823 7196 4 , , , 34823 7196 5 n. n. NNP 34823 7196 6 , , , 34823 7196 7 174 174 CD 34823 7196 8 , , , 34823 7196 9 207 207 CD 34823 7196 10 , , , 34823 7196 11 208 208 CD 34823 7196 12 , , , 34823 7196 13 211 211 CD 34823 7196 14 , , , 34823 7196 15 333 333 CD 34823 7196 16 , , , 34823 7196 17 n. n. NNP 34823 7196 18 Hobson Hobson NNP 34823 7196 19 , , , 34823 7196 20 J. J. NNP 34823 7197 1 A. A. NNP 34823 7197 2 , , , 34823 7197 3 73 73 CD 34823 7197 4 , , , 34823 7197 5 n. n. NNP 34823 7197 6 , , , 34823 7197 7 308 308 CD 34823 7197 8 , , , 34823 7197 9 n. n. NN 34823 7197 10 Hollander Hollander NNP 34823 7197 11 , , , 34823 7197 12 J. J. NNP 34823 7197 13 H. H. NNP 34823 7197 14 , , , 34823 7197 15 154 154 CD 34823 7197 16 , , , 34823 7197 17 250 250 CD 34823 7197 18 , , , 34823 7197 19 n. n. NNP 34823 7197 20 Holmes Holmes NNP 34823 7197 21 , , , 34823 7197 22 Justice Justice NNP 34823 7197 23 O. O. NNP 34823 7197 24 W. W. NNP 34823 7197 25 , , , 34823 7197 26 24 24 CD 34823 7197 27 , , , 34823 7197 28 587 587 CD 34823 7197 29 - - SYM 34823 7197 30 90 90 CD 34823 7197 31 . . . 34823 7198 1 Holt Holt NNP 34823 7198 2 , , , 34823 7198 3 Byron Byron NNP 34823 7198 4 W. W. NNP 34823 7198 5 , , , 34823 7198 6 222 222 CD 34823 7198 7 , , , 34823 7198 8 249 249 CD 34823 7198 9 , , , 34823 7198 10 370 370 CD 34823 7198 11 . . . 34823 7199 1 Hubbard Hubbard NNP 34823 7199 2 , , , 34823 7199 3 Guy Guy NNP 34823 7199 4 C. C. NNP 34823 7199 5 , , , 34823 7199 6 260 260 CD 34823 7199 7 , , , 34823 7199 8 n. n. NN 34823 7199 9 Hughes Hughes NNP 34823 7199 10 Commission Commission NNP 34823 7199 11 , , , 34823 7199 12 252 252 CD 34823 7199 13 , , , 34823 7199 14 n. n. NN 34823 7199 15 Hume Hume NNP 34823 7199 16 , , , 34823 7199 17 David David NNP 34823 7199 18 , , , 34823 7199 19 21 21 CD 34823 7199 20 , , , 34823 7199 21 47 47 CD 34823 7199 22 . . . 34823 7200 1 I -PRON- PRP 34823 7200 2 Ideal ideal JJ 34823 7200 3 credit credit NN 34823 7200 4 economy economy NN 34823 7200 5 , , , 34823 7200 6 543 543 CD 34823 7200 7 . . . 34823 7201 1 Ideal ideal JJ 34823 7201 2 values value NNS 34823 7201 3 , , , 34823 7201 4 467 467 CD 34823 7201 5 , , , 34823 7201 6 480 480 CD 34823 7201 7 . . . 34823 7202 1 Imitation imitation NN 34823 7202 2 . . . 34823 7203 1 See see VB 34823 7203 2 SUGGESTION SUGGESTION NNP 34823 7203 3 . . . 34823 7204 1 Imputation imputation NN 34823 7204 2 theory theory NN 34823 7204 3 , , , 34823 7204 4 28 28 CD 34823 7204 5 , , , 34823 7204 6 38 38 CD 34823 7204 7 - - SYM 34823 7204 8 40 40 CD 34823 7204 9 , , , 34823 7204 10 99 99 CD 34823 7204 11 , , , 34823 7204 12 300 300 CD 34823 7204 13 , , , 34823 7204 14 389 389 CD 34823 7204 15 , , , 34823 7204 16 424 424 CD 34823 7204 17 , , , 34823 7204 18 481 481 CD 34823 7204 19 ; ; : 34823 7204 20 conflicts conflict NNS 34823 7204 21 with with IN 34823 7204 22 quantity quantity NN 34823 7204 23 theory theory NN 34823 7204 24 , , , 34823 7204 25 300 300 CD 34823 7204 26 , , , 34823 7204 27 303 303 CD 34823 7204 28 - - SYM 34823 7204 29 04 04 CD 34823 7204 30 , , , 34823 7204 31 310 310 CD 34823 7204 32 - - SYM 34823 7204 33 11 11 CD 34823 7204 34 , , , 34823 7204 35 389 389 CD 34823 7204 36 . . . 34823 7205 1 Income income NN 34823 7205 2 , , , 34823 7205 3 money money NN 34823 7205 4 . . . 34823 7206 1 See see VB 34823 7206 2 MONEY money NN 34823 7206 3 INCOME income NN 34823 7206 4 . . . 34823 7207 1 Income income NN 34823 7207 2 , , , 34823 7207 3 net net NN 34823 7207 4 , , , 34823 7207 5 of of IN 34823 7207 6 the the DT 34823 7207 7 United United NNP 34823 7207 8 States States NNP 34823 7207 9 , , , 34823 7207 10 appendix appendix NNP 34823 7207 11 to to IN 34823 7207 12 Ch Ch NNP 34823 7207 13 . . . 34823 7208 1 XIII XIII NNP 34823 7208 2 . . . 34823 7209 1 Index index NN 34823 7209 2 numbers number NNS 34823 7209 3 , , , 34823 7209 4 of of IN 34823 7209 5 check check NN 34823 7209 6 circulation circulation NN 34823 7209 7 , , , 34823 7209 8 361 361 CD 34823 7209 9 - - SYM 34823 7209 10 62 62 CD 34823 7209 11 , , , 34823 7209 12 383 383 CD 34823 7209 13 ; ; : 34823 7209 14 of of IN 34823 7209 15 net net JJ 34823 7209 16 income income NN 34823 7209 17 of of IN 34823 7209 18 the the DT 34823 7209 19 United United NNP 34823 7209 20 States States NNP 34823 7209 21 , , , 34823 7209 22 278 278 CD 34823 7209 23 ; ; : 34823 7209 24 of of IN 34823 7209 25 prices price NNS 34823 7209 26 , , , 34823 7209 27 278 278 CD 34823 7209 28 , , , 34823 7209 29 381 381 CD 34823 7209 30 - - SYM 34823 7209 31 82 82 CD 34823 7209 32 , , , 34823 7209 33 383 383 CD 34823 7209 34 , , , 34823 7209 35 436 436 CD 34823 7209 36 ; ; : 34823 7209 37 of of IN 34823 7209 38 railway railway NN 34823 7209 39 gross gross JJ 34823 7209 40 receipts receipt NNS 34823 7209 41 , , , 34823 7209 42 278 278 CD 34823 7209 43 ; ; : 34823 7209 44 of of IN 34823 7209 45 trade trade NN 34823 7209 46 , , , 34823 7209 47 227 227 CD 34823 7209 48 - - SYM 34823 7209 49 29 29 CD 34823 7209 50 , , , 34823 7209 51 255 255 CD 34823 7209 52 - - SYM 34823 7209 53 56 56 CD 34823 7209 54 , , , 34823 7209 55 278 278 CD 34823 7209 56 , , , 34823 7209 57 363 363 CD 34823 7209 58 , , , 34823 7209 59 381 381 CD 34823 7209 60 , , , 34823 7209 61 383 383 CD 34823 7209 62 . . . 34823 7210 1 See see VB 34823 7210 2 STATISTICS statistic NNS 34823 7210 3 . . . 34823 7211 1 India India NNP 34823 7211 2 , , , 34823 7211 3 140 140 CD 34823 7211 4 , , , 34823 7211 5 143 143 CD 34823 7211 6 , , , 34823 7211 7 149 149 CD 34823 7211 8 , , , 34823 7211 9 181 181 CD 34823 7211 10 , , , 34823 7211 11 443 443 CD 34823 7211 12 , , , 34823 7211 13 444 444 CD 34823 7211 14 , , , 34823 7211 15 n. n. NNP 34823 7211 16 , , , 34823 7211 17 449 449 CD 34823 7211 18 ; ; : 34823 7211 19 a a DT 34823 7211 20 liability liability NN 34823 7211 21 , , , 34823 7211 22 rather rather RB 34823 7211 23 than than IN 34823 7211 24 an an DT 34823 7211 25 asset asset NN 34823 7211 26 , , , 34823 7211 27 to to IN 34823 7211 28 quantity quantity NN 34823 7211 29 theory theory NN 34823 7211 30 , , , 34823 7211 31 444 444 CD 34823 7211 32 , , , 34823 7211 33 n. n. NN 34823 7211 34 Individual individual JJ 34823 7211 35 interest interest NN 34823 7211 36 and and CC 34823 7211 37 social social JJ 34823 7211 38 advantage advantage NN 34823 7211 39 , , , 34823 7211 40 397 397 CD 34823 7211 41 - - SYM 34823 7211 42 99 99 CD 34823 7211 43 . . . 34823 7212 1 Individual individual JJ 34823 7212 2 values value NNS 34823 7212 3 , , , 34823 7212 4 19 19 CD 34823 7212 5 , , , 34823 7212 6 43 43 CD 34823 7212 7 - - SYM 34823 7212 8 45 45 CD 34823 7212 9 . . . 34823 7213 1 See see VB 34823 7213 2 also also RB 34823 7213 3 VALUE value NN 34823 7213 4 , , , 34823 7213 5 SUBJECTIVE subjective NN 34823 7213 6 , , , 34823 7213 7 PERSONAL personal NN 34823 7213 8 , , , 34823 7213 9 SUBJECTIVE SUBJECTIVE NNP 34823 7213 10 EXCHANGE EXCHANGE NNP 34823 7213 11 . . . 34823 7214 1 Individualistic individualistic JJ 34823 7214 2 theories theory NNS 34823 7214 3 , , , 34823 7214 4 14 14 CD 34823 7214 5 - - SYM 34823 7214 6 16 16 CD 34823 7214 7 , , , 34823 7214 8 20 20 CD 34823 7214 9 , , , 34823 7214 10 21 21 CD 34823 7214 11 , , , 34823 7214 12 22ff 22ff CD 34823 7214 13 . . . 34823 7215 1 Individuality individuality NN 34823 7215 2 , , , 34823 7215 3 a a DT 34823 7215 4 social social JJ 34823 7215 5 product product NN 34823 7215 6 , , , 34823 7215 7 16 16 CD 34823 7215 8 - - SYM 34823 7215 9 19 19 CD 34823 7215 10 . . . 34823 7216 1 Industry industry NN 34823 7216 2 , , , 34823 7216 3 rather rather RB 34823 7216 4 than than IN 34823 7216 5 commerce commerce NN 34823 7216 6 , , , 34823 7216 7 chiefly chiefly RB 34823 7216 8 financed finance VBN 34823 7216 9 by by IN 34823 7216 10 modern modern JJ 34823 7216 11 banks bank NNS 34823 7216 12 , , , 34823 7216 13 Ch Ch NNP 34823 7216 14 . . . 34823 7217 1 XXIV XXIV NNP 34823 7217 2 , , , 34823 7217 3 esp esp NNP 34823 7217 4 . . . 34823 7218 1 523 523 CD 34823 7218 2 - - SYM 34823 7218 3 29 29 CD 34823 7218 4 . . . 34823 7219 1 See see VB 34823 7219 2 ASSETS asset NNS 34823 7219 3 OF of IN 34823 7219 4 BANKS BANKS NNPS 34823 7219 5 , , , 34823 7219 6 BANK BANK NNP 34823 7219 7 CREDIT CREDIT NNP 34823 7219 8 , , , 34823 7219 9 FUNCTIONS FUNCTIONS NNP 34823 7219 10 OF of IN 34823 7219 11 . . . 34823 7220 1 Inertia inertia NN 34823 7220 2 . . . 34823 7221 1 See see VB 34823 7221 2 HABIT HABIT NNP 34823 7221 3 , , , 34823 7221 4 CUSTOM CUSTOM NNP 34823 7221 5 . . . 34823 7222 1 Institutional institutional JJ 34823 7222 2 values value NNS 34823 7222 3 , , , 34823 7222 4 29 29 CD 34823 7222 5 - - SYM 34823 7222 6 30 30 CD 34823 7222 7 , , , 34823 7222 8 413 413 CD 34823 7222 9 , , , 34823 7222 10 484 484 CD 34823 7222 11 . . . 34823 7223 1 Institutions institution NNS 34823 7223 2 , , , 34823 7223 3 19 19 CD 34823 7223 4 , , , 34823 7223 5 27 27 CD 34823 7223 6 , , , 34823 7223 7 484 484 CD 34823 7223 8 , , , 34823 7223 9 487 487 CD 34823 7223 10 , , , 34823 7223 11 562 562 CD 34823 7223 12 , , , 34823 7223 13 n. n. NNP 34823 7223 14 , , , 34823 7223 15 570 570 CD 34823 7223 16 . . . 34823 7224 1 Insurance insurance NN 34823 7224 2 policies policy NNS 34823 7224 3 as as IN 34823 7224 4 credit credit NN 34823 7224 5 instruments instrument NNS 34823 7224 6 , , , 34823 7224 7 472 472 CD 34823 7224 8 . . . 34823 7225 1 Intangible intangible JJ 34823 7225 2 " " `` 34823 7225 3 capital capital NN 34823 7225 4 " " '' 34823 7225 5 _ _ NNP 34823 7225 6 vs. vs. IN 34823 7225 7 _ _ NNP 34823 7225 8 capital capital NN 34823 7225 9 goods good NNS 34823 7225 10 , , , 34823 7225 11 482 482 CD 34823 7225 12 - - SYM 34823 7225 13 83 83 CD 34823 7225 14 , , , 34823 7225 15 Ch Ch NNP 34823 7225 16 . . . 34823 7226 1 XXV XXV NNP 34823 7226 2 . . . 34823 7227 1 See see VB 34823 7227 2 also also RB 34823 7227 3 GOOD GOOD NNP 34823 7227 4 WILL WILL NNP 34823 7227 5 , , , 34823 7227 6 BUSINESS BUSINESS NNP 34823 7227 7 CAPITAL CAPITAL NNP 34823 7227 8 , , , 34823 7227 9 ETC ETC NNP 34823 7227 10 . . . 34823 7228 1 Interest interest NN 34823 7228 2 , , , 34823 7228 3 146 146 CD 34823 7228 4 , , , 34823 7228 5 219 219 CD 34823 7228 6 , , , 34823 7228 7 223 223 CD 34823 7228 8 - - SYM 34823 7228 9 24 24 CD 34823 7228 10 , , , 34823 7228 11 225 225 CD 34823 7228 12 , , , 34823 7228 13 301ff 301ff NNP 34823 7228 14 . . NNP 34823 7228 15 , , , 34823 7228 16 333 333 CD 34823 7228 17 , , , 34823 7228 18 n. n. NNP 34823 7228 19 , , , 34823 7228 20 416 416 CD 34823 7228 21 , , , 34823 7228 22 n. n. NNP 34823 7228 23 , , , 34823 7228 24 428 428 CD 34823 7228 25 - - SYM 34823 7228 26 32 32 CD 34823 7228 27 , , , 34823 7228 28 437 437 CD 34823 7228 29 , , , 34823 7228 30 471 471 CD 34823 7228 31 , , , 34823 7228 32 472 472 CD 34823 7228 33 ; ; : 34823 7228 34 " " `` 34823 7228 35 appreciation appreciation NN 34823 7228 36 and and CC 34823 7228 37 , , , 34823 7228 38 " " '' 34823 7228 39 76 76 CD 34823 7228 40 - - HYPH 34823 7228 41 78 78 CD 34823 7228 42 ; ; : 34823 7228 43 productivity productivity NN 34823 7228 44 theory theory NN 34823 7228 45 of of IN 34823 7228 46 , , , 34823 7228 47 224 224 CD 34823 7228 48 , , , 34823 7228 49 302 302 CD 34823 7228 50 - - HYPH 34823 7228 51 03 03 CD 34823 7228 52 , , , 34823 7228 53 437 437 CD 34823 7228 54 ; ; : 34823 7228 55 " " `` 34823 7228 56 use use NN 34823 7228 57 " " '' 34823 7228 58 theory theory NN 34823 7228 59 of of IN 34823 7228 60 , , , 34823 7228 61 437 437 CD 34823 7228 62 , , , 34823 7228 63 438 438 CD 34823 7228 64 , , , 34823 7228 65 n. n. NN 34823 7228 66 ; ; : 34823 7228 67 " " `` 34823 7228 68 pure pure JJ 34823 7228 69 rate rate NN 34823 7228 70 " " '' 34823 7228 71 of of IN 34823 7228 72 , , , 34823 7228 73 75 75 CD 34823 7228 74 , , , 34823 7228 75 76 76 CD 34823 7228 76 , , , 34823 7228 77 77 77 CD 34823 7228 78 , , , 34823 7228 79 428 428 CD 34823 7228 80 - - SYM 34823 7228 81 29 29 CD 34823 7228 82 ; ; : 34823 7228 83 _ _ NNP 34823 7228 84 vs. vs. IN 34823 7228 85 _ _ NNP 34823 7228 86 " " `` 34823 7228 87 money money NN 34823 7228 88 rates rate NNS 34823 7228 89 , , , 34823 7228 90 " " '' 34823 7228 91 Ch ch NN 34823 7228 92 . . . 34823 7229 1 IV IV NNP 34823 7229 2 , , , 34823 7229 3 224 224 CD 34823 7229 4 , , , 34823 7229 5 428 428 CD 34823 7229 6 - - SYM 34823 7229 7 32 32 CD 34823 7229 8 , , , 34823 7229 9 461 461 CD 34823 7229 10 , , , 34823 7229 11 521 521 CD 34823 7229 12 , , , 34823 7229 13 n. n. NNP 34823 7229 14 , , , 34823 7229 15 523 523 CD 34823 7229 16 - - SYM 34823 7229 17 24 24 CD 34823 7229 18 , , , 34823 7229 19 526 526 CD 34823 7229 20 , , , 34823 7229 21 529 529 CD 34823 7229 22 . . . 34823 7230 1 See see VB 34823 7230 2 also also RB 34823 7230 3 MONEY money NN 34823 7230 4 RATES rate NNS 34823 7230 5 , , , 34823 7230 6 CALL call JJ 34823 7230 7 RATES rate NNS 34823 7230 8 , , , 34823 7230 9 CAPITALIZATION capitalization NN 34823 7230 10 , , , 34823 7230 11 TIME time NN 34823 7230 12 DISCOUNT discount NN 34823 7230 13 . . . 34823 7231 1 International international JJ 34823 7231 2 banker banker NN 34823 7231 3 , , , 34823 7231 4 409 409 CD 34823 7231 5 , , , 34823 7231 6 446 446 CD 34823 7231 7 , , , 34823 7231 8 539ff 539ff NNP 34823 7231 9 . . . 34823 7232 1 See see VB 34823 7232 2 GOLD GOLD NNP 34823 7232 3 MOVEMENTS MOVEMENTS NNP 34823 7232 4 , , , 34823 7232 5 INTERNATIONAL INTERNATIONAL NNP 34823 7232 6 . . . 34823 7233 1 International international JJ 34823 7233 2 trade trade NN 34823 7233 3 . . . 34823 7234 1 See see VB 34823 7234 2 FOREIGN foreign JJ 34823 7234 3 TRADE trade NN 34823 7234 4 . . . 34823 7235 1 Investment investment NN 34823 7235 2 , , , 34823 7235 3 270 270 CD 34823 7235 4 , , , 34823 7235 5 523ff 523ff NNP 34823 7235 6 . . NNP 34823 7235 7 , , , 34823 7235 8 528 528 CD 34823 7235 9 ; ; : 34823 7235 10 _ _ NNP 34823 7235 11 vs. vs. IN 34823 7235 12 _ _ NNP 34823 7235 13 speculation speculation NN 34823 7235 14 , , , 34823 7235 15 521 521 CD 34823 7235 16 , , , 34823 7235 17 n. n. NNP 34823 7235 18 , , , 34823 7235 19 523 523 CD 34823 7235 20 - - SYM 34823 7235 21 26 26 CD 34823 7235 22 ; ; : 34823 7235 23 banker banker NN 34823 7235 24 , , , 34823 7235 25 489 489 CD 34823 7235 26 , , , 34823 7235 27 519 519 CD 34823 7235 28 , , , 34823 7235 29 523 523 CD 34823 7235 30 , , , 34823 7235 31 n. n. NNP 34823 7235 32 , , , 34823 7235 33 527 527 CD 34823 7235 34 - - SYM 34823 7235 35 28 28 CD 34823 7235 36 . . . 34823 7236 1 " " `` 34823 7236 2 Invisible invisible JJ 34823 7236 3 items item NNS 34823 7236 4 " " '' 34823 7236 5 in in IN 34823 7236 6 foreign foreign JJ 34823 7236 7 trade trade NN 34823 7236 8 , , , 34823 7236 9 268 268 CD 34823 7236 10 , , , 34823 7236 11 270 270 CD 34823 7236 12 , , , 34823 7236 13 320 320 CD 34823 7236 14 . . . 34823 7237 1 J J NNP 34823 7237 2 James James NNP 34823 7237 3 , , , 34823 7237 4 William William NNP 34823 7237 5 , , , 34823 7237 6 579 579 CD 34823 7237 7 , , , 34823 7237 8 n. n. NN 34823 7237 9 Jenks Jenks NNP 34823 7237 10 , , , 34823 7237 11 J. J. NNP 34823 7237 12 W. W. NNP 34823 7237 13 , , , 34823 7237 14 260 260 CD 34823 7237 15 , , , 34823 7237 16 n. n. NNP 34823 7237 17 Jevons Jevons NNP 34823 7237 18 , , , 34823 7237 19 W. W. NNP 34823 7237 20 S. S. NNP 34823 7237 21 , , , 34823 7237 22 25 25 CD 34823 7237 23 , , , 34823 7237 24 48 48 CD 34823 7237 25 , , , 34823 7237 26 91 91 CD 34823 7237 27 , , , 34823 7237 28 n. n. NNP 34823 7237 29 , , , 34823 7237 30 107 107 CD 34823 7237 31 , , , 34823 7237 32 522 522 CD 34823 7237 33 , , , 34823 7237 34 n. n. NNP 34823 7237 35 Jewelers Jewelers NNP 34823 7237 36 , , , 34823 7237 37 409 409 CD 34823 7237 38 , , , 34823 7237 39 454 454 CD 34823 7237 40 - - SYM 34823 7237 41 57 57 CD 34823 7237 42 ; ; : 34823 7237 43 paper paper NN 34823 7237 44 of of IN 34823 7237 45 , , , 34823 7237 46 in in IN 34823 7237 47 the the DT 34823 7237 48 money money NN 34823 7237 49 market market NN 34823 7237 50 , , , 34823 7237 51 454 454 CD 34823 7237 52 - - SYM 34823 7237 53 57 57 CD 34823 7237 54 . . . 34823 7238 1 Johnson Johnson NNP 34823 7238 2 , , , 34823 7238 3 A. A. NNP 34823 7238 4 S. S. NNP 34823 7238 5 , , , 34823 7238 6 4 4 CD 34823 7238 7 , , , 34823 7238 8 n. n. NNP 34823 7238 9 , , , 34823 7238 10 13 13 CD 34823 7238 11 , , , 34823 7238 12 105 105 CD 34823 7238 13 , , , 34823 7238 14 115 115 CD 34823 7238 15 , , , 34823 7238 16 n. n. NNP 34823 7238 17 , , , 34823 7238 18 265 265 CD 34823 7238 19 , , , 34823 7238 20 n. n. NNP 34823 7238 21 , , , 34823 7238 22 403 403 CD 34823 7238 23 , , , 34823 7238 24 n. n. NNP 34823 7238 25 , , , 34823 7238 26 440 440 CD 34823 7238 27 , , , 34823 7238 28 n. n. NNP 34823 7238 29 , , , 34823 7238 30 563 563 CD 34823 7238 31 , , , 34823 7238 32 n. n. NNP 34823 7238 33 Johnson Johnson NNP 34823 7238 34 , , , 34823 7238 35 J. J. NNP 34823 7238 36 F. F. NNP 34823 7238 37 , , , 34823 7238 38 73 73 CD 34823 7238 39 , , , 34823 7238 40 n. n. NNP 34823 7238 41 , , , 34823 7238 42 333 333 CD 34823 7238 43 , , , 34823 7238 44 n. n. NNP 34823 7238 45 , , , 34823 7238 46 418 418 CD 34823 7238 47 , , , 34823 7238 48 n. n. NN 34823 7238 49 Joint Joint NNP 34823 7238 50 Stock Stock NNP 34823 7238 51 Banks Banks NNPS 34823 7238 52 , , , 34823 7238 53 184 184 CD 34823 7238 54 , , , 34823 7238 55 530 530 CD 34823 7238 56 , , , 34823 7238 57 539 539 CD 34823 7238 58 . . . 34823 7239 1 See see VB 34823 7239 2 LONDON LONDON NNP 34823 7239 3 , , , 34823 7239 4 ENGLAND ENGLAND NNP 34823 7239 5 . . . 34823 7240 1 Jurisprudence jurisprudence NN 34823 7240 2 , , , 34823 7240 3 23 23 CD 34823 7240 4 - - SYM 34823 7240 5 24 24 CD 34823 7240 6 , , , 34823 7240 7 588 588 CD 34823 7240 8 . . . 34823 7241 1 See see VB 34823 7241 2 LAW law NN 34823 7241 3 , , , 34823 7241 4 LEGAL legal NN 34823 7241 5 VALUES VALUES NNP 34823 7241 6 . . . 34823 7242 1 Juristic juristic JJ 34823 7242 2 thinking thinking NN 34823 7242 3 , , , 34823 7242 4 24 24 CD 34823 7242 5 - - SYM 34823 7242 6 25 25 CD 34823 7242 7 , , , 34823 7242 8 29 29 CD 34823 7242 9 , , , 34823 7242 10 433 433 CD 34823 7242 11 , , , 34823 7242 12 n. n. NNP 34823 7242 13 , , , 34823 7242 14 586 586 CD 34823 7242 15 - - SYM 34823 7242 16 88 88 CD 34823 7242 17 ; ; : 34823 7242 18 contrasted contrast VBN 34823 7242 19 with with IN 34823 7242 20 economic economic JJ 34823 7242 21 thinking thinking NN 34823 7242 22 , , , 34823 7242 23 433 433 CD 34823 7242 24 , , , 34823 7242 25 n. n. NNP 34823 7242 26 K K NNP 34823 7242 27 Kant Kant NNP 34823 7242 28 , , , 34823 7242 29 I. I. NNP 34823 7242 30 , , , 34823 7242 31 22 22 CD 34823 7242 32 , , , 34823 7242 33 137 137 CD 34823 7242 34 . . . 34823 7243 1 Kemmerer Kemmerer NNP 34823 7243 2 , , , 34823 7243 3 E. E. NNP 34823 7243 4 W. W. NNP 34823 7243 5 , , , 34823 7243 6 48 48 CD 34823 7243 7 , , , 34823 7243 8 129 129 CD 34823 7243 9 , , , 34823 7243 10 135 135 CD 34823 7243 11 , , , 34823 7243 12 140 140 CD 34823 7243 13 , , , 34823 7243 14 141 141 CD 34823 7243 15 , , , 34823 7243 16 156 156 CD 34823 7243 17 , , , 34823 7243 18 157 157 CD 34823 7243 19 , , , 34823 7243 20 167 167 CD 34823 7243 21 , , , 34823 7243 22 170 170 CD 34823 7243 23 , , , 34823 7243 24 175 175 CD 34823 7243 25 , , , 34823 7243 26 n. n. NNP 34823 7243 27 , , , 34823 7243 28 220 220 CD 34823 7243 29 , , , 34823 7243 30 n. n. NNP 34823 7243 31 , , , 34823 7243 32 226 226 CD 34823 7243 33 , , , 34823 7243 34 240 240 CD 34823 7243 35 , , , 34823 7243 36 n. n. NNP 34823 7243 37 , , , 34823 7243 38 254 254 CD 34823 7243 39 , , , 34823 7243 40 256 256 CD 34823 7243 41 , , , 34823 7243 42 274 274 CD 34823 7243 43 , , , 34823 7243 44 312 312 CD 34823 7243 45 , , , 34823 7243 46 n. n. NNP 34823 7243 47 , , , 34823 7243 48 321 321 CD 34823 7243 49 , , , 34823 7243 50 334 334 CD 34823 7243 51 - - SYM 34823 7243 52 37 37 CD 34823 7243 53 , , , 34823 7243 54 359 359 CD 34823 7243 55 , , , 34823 7243 56 n. n. NNP 34823 7243 57 , , , 34823 7243 58 361 361 CD 34823 7243 59 , , , 34823 7243 60 n. n. NNP 34823 7243 61 , , , 34823 7243 62 363 363 CD 34823 7243 63 - - SYM 34823 7243 64 65 65 CD 34823 7243 65 , , , 34823 7243 66 381 381 CD 34823 7243 67 - - SYM 34823 7243 68 83 83 CD 34823 7243 69 , , , 34823 7243 70 400 400 CD 34823 7243 71 , , , 34823 7243 72 426 426 CD 34823 7243 73 , , , 34823 7243 74 n. n. NNP 34823 7243 75 , , , 34823 7243 76 443 443 CD 34823 7243 77 , , , 34823 7243 78 n. n. NNP 34823 7243 79 , , , 34823 7243 80 444 444 CD 34823 7243 81 , , , 34823 7243 82 n. n. NNP 34823 7243 83 , , , 34823 7243 84 522 522 CD 34823 7243 85 , , , 34823 7243 86 n. n. NNP 34823 7243 87 , , , 34823 7243 88 537 537 CD 34823 7243 89 , , , 34823 7243 90 538 538 CD 34823 7243 91 , , , 34823 7243 92 n. n. NNP 34823 7243 93 Keynes Keynes NNP 34823 7243 94 , , , 34823 7243 95 J. J. NNP 34823 7243 96 M. M. NNP 34823 7243 97 , , , 34823 7243 98 180 180 CD 34823 7243 99 , , , 34823 7243 100 181 181 CD 34823 7243 101 , , , 34823 7243 102 182 182 CD 34823 7243 103 , , , 34823 7243 104 n. n. NNP 34823 7243 105 , , , 34823 7243 106 184 184 CD 34823 7243 107 , , , 34823 7243 108 207 207 CD 34823 7243 109 , , , 34823 7243 110 443 443 CD 34823 7243 111 , , , 34823 7243 112 n. n. NNP 34823 7243 113 , , , 34823 7243 114 535 535 CD 34823 7243 115 . . . 34823 7244 1 King King NNP 34823 7244 2 , , , 34823 7244 3 W. W. NNP 34823 7244 4 I. I. NNP 34823 7244 5 , , , 34823 7244 6 242 242 CD 34823 7244 7 , , , 34823 7244 8 243 243 CD 34823 7244 9 , , , 34823 7244 10 246 246 CD 34823 7244 11 , , , 34823 7244 12 n. n. NNP 34823 7244 13 , , , 34823 7244 14 247 247 CD 34823 7244 15 , , , 34823 7244 16 n. n. NNP 34823 7244 17 , , , 34823 7244 18 248 248 CD 34823 7244 19 , , , 34823 7244 20 n. n. NNP 34823 7244 21 , , , 34823 7244 22 269 269 CD 34823 7244 23 , , , 34823 7244 24 271 271 CD 34823 7244 25 - - SYM 34823 7244 26 72 72 CD 34823 7244 27 , , , 34823 7244 28 275 275 CD 34823 7244 29 , , , 34823 7244 30 n. n. NNP 34823 7244 31 Kinley Kinley NNP 34823 7244 32 , , , 34823 7244 33 D. D. NNP 34823 7244 34 , , , 34823 7244 35 13 13 CD 34823 7244 36 , , , 34823 7244 37 48 48 CD 34823 7244 38 , , , 34823 7244 39 78 78 CD 34823 7244 40 , , , 34823 7244 41 n. n. NNP 34823 7244 42 , , , 34823 7244 43 80 80 CD 34823 7244 44 , , , 34823 7244 45 110 110 CD 34823 7244 46 - - SYM 34823 7244 47 11 11 CD 34823 7244 48 , , , 34823 7244 49 174 174 CD 34823 7244 50 , , , 34823 7244 51 208 208 CD 34823 7244 52 , , , 34823 7244 53 n. n. NNP 34823 7244 54 , , , 34823 7244 55 230 230 CD 34823 7244 56 , , , 34823 7244 57 233 233 CD 34823 7244 58 - - SYM 34823 7244 59 36 36 CD 34823 7244 60 , , , 34823 7244 61 237 237 CD 34823 7244 62 , , , 34823 7244 63 n. n. NNP 34823 7244 64 , , , 34823 7244 65 242 242 CD 34823 7244 66 - - SYM 34823 7244 67 45 45 CD 34823 7244 68 , , , 34823 7244 69 249 249 CD 34823 7244 70 , , , 34823 7244 71 254 254 CD 34823 7244 72 , , , 34823 7244 73 256 256 CD 34823 7244 74 , , , 34823 7244 75 269 269 CD 34823 7244 76 , , , 34823 7244 77 321 321 CD 34823 7244 78 , , , 34823 7244 79 337 337 CD 34823 7244 80 - - SYM 34823 7244 81 45 45 CD 34823 7244 82 , , , 34823 7244 83 349 349 CD 34823 7244 84 , , , 34823 7244 85 350 350 CD 34823 7244 86 - - SYM 34823 7244 87 52 52 CD 34823 7244 88 , , , 34823 7244 89 360 360 CD 34823 7244 90 , , , 34823 7244 91 365 365 CD 34823 7244 92 , , , 34823 7244 93 n. n. NNP 34823 7244 94 , , , 34823 7244 95 368 368 CD 34823 7244 96 , , , 34823 7244 97 376 376 CD 34823 7244 98 , , , 34823 7244 99 383 383 CD 34823 7244 100 , , , 34823 7244 101 n. n. NNP 34823 7244 102 , , , 34823 7244 103 419 419 CD 34823 7244 104 , , , 34823 7244 105 n. n. NNP 34823 7244 106 , , , 34823 7244 107 447 447 CD 34823 7244 108 , , , 34823 7244 109 449 449 CD 34823 7244 110 , , , 34823 7244 111 463 463 CD 34823 7244 112 , , , 34823 7244 113 498 498 CD 34823 7244 114 , , , 34823 7244 115 n. n. NN 34823 7244 116 , , , 34823 7244 117 512 512 CD 34823 7244 118 - - SYM 34823 7244 119 15 15 CD 34823 7244 120 . . . 34823 7245 1 Kirkbride Kirkbride NNP 34823 7245 2 and and CC 34823 7245 3 Sterret Sterret NNP 34823 7245 4 , , , 34823 7245 5 347 347 CD 34823 7245 6 , , , 34823 7245 7 n. n. NN 34823 7245 8 " " `` 34823 7245 9 Kiting Kiting NNP 34823 7245 10 , , , 34823 7245 11 " " '' 34823 7245 12 368 368 CD 34823 7245 13 . . . 34823 7246 1 Knapp knapp UH 34823 7246 2 , , , 34823 7246 3 G. G. NNP 34823 7246 4 F. F. NNP 34823 7246 5 , , , 34823 7246 6 49 49 CD 34823 7246 7 , , , 34823 7246 8 150 150 CD 34823 7246 9 , , , 34823 7246 10 418 418 CD 34823 7246 11 , , , 34823 7246 12 n. n. NNP 34823 7246 13 , , , 34823 7246 14 433 433 CD 34823 7246 15 - - SYM 34823 7246 16 5 5 CD 34823 7246 17 , , , 34823 7246 18 n. n. NNP 34823 7246 19 Knies Knies NNP 34823 7246 20 , , , 34823 7246 21 Carl Carl NNP 34823 7246 22 , , , 34823 7246 23 12 12 CD 34823 7246 24 , , , 34823 7246 25 133 133 CD 34823 7246 26 , , , 34823 7246 27 323 323 CD 34823 7246 28 , , , 34823 7246 29 n. n. NNP 34823 7246 30 , , , 34823 7246 31 418 418 CD 34823 7246 32 , , , 34823 7246 33 n. n. NNP 34823 7246 34 , , , 34823 7246 35 419 419 CD 34823 7246 36 , , , 34823 7246 37 n. n. NNP 34823 7246 38 Kuhn Kuhn NNP 34823 7246 39 , , , 34823 7246 40 Loeb Loeb NNP 34823 7246 41 & & CC 34823 7246 42 Co. Co. NNP 34823 7246 43 , , , 34823 7246 44 343 343 CD 34823 7246 45 - - SYM 34823 7246 46 44 44 CD 34823 7246 47 , , , 34823 7246 48 515 515 CD 34823 7246 49 , , , 34823 7246 50 515 515 CD 34823 7246 51 , , , 34823 7246 52 n. n. NNP 34823 7246 53 L L NNP 34823 7246 54 Labor Labor NNP 34823 7246 55 theory theory NN 34823 7246 56 of of IN 34823 7246 57 value value NN 34823 7246 58 , , , 34823 7246 59 12 12 CD 34823 7246 60 , , , 34823 7246 61 44 44 CD 34823 7246 62 - - SYM 34823 7246 63 45 45 CD 34823 7246 64 , , , 34823 7246 65 64ff 64ff NNS 34823 7246 66 . . NNP 34823 7246 67 , , , 34823 7246 68 139 139 CD 34823 7246 69 , , , 34823 7246 70 570 570 CD 34823 7246 71 . . . 34823 7247 1 See see VB 34823 7247 2 VALUE value NN 34823 7247 3 , , , 34823 7247 4 COST COST NNS 34823 7247 5 OF of IN 34823 7247 6 PRODUCTION production NN 34823 7247 7 , , , 34823 7247 8 ADAM ADAM NNP 34823 7247 9 SMITH SMITH NNP 34823 7247 10 , , , 34823 7247 11 RICARDO RICARDO NNP 34823 7247 12 , , , 34823 7247 13 MARX MARX NNP 34823 7247 14 , , , 34823 7247 15 CAIRNES CAIRNES NNP 34823 7247 16 . . . 34823 7248 1 Land land NN 34823 7248 2 speculation speculation NN 34823 7248 3 , , , 34823 7248 4 254 254 CD 34823 7248 5 , , , 34823 7248 6 264 264 CD 34823 7248 7 , , , 34823 7248 8 317 317 CD 34823 7248 9 . . . 34823 7249 1 See see VB 34823 7249 2 SPECULATION speculation NN 34823 7249 3 . . . 34823 7250 1 Laughlin Laughlin NNP 34823 7250 2 , , , 34823 7250 3 J. J. NNP 34823 7250 4 L. L. NNP 34823 7250 5 , , , 34823 7250 6 48 48 CD 34823 7250 7 , , , 34823 7250 8 135 135 CD 34823 7250 9 , , , 34823 7250 10 141 141 CD 34823 7250 11 , , , 34823 7250 12 144 144 CD 34823 7250 13 , , , 34823 7250 14 146 146 CD 34823 7250 15 , , , 34823 7250 16 177 177 CD 34823 7250 17 , , , 34823 7250 18 219 219 CD 34823 7250 19 , , , 34823 7250 20 n. n. NNP 34823 7250 21 , , , 34823 7250 22 281 281 CD 34823 7250 23 , , , 34823 7250 24 282 282 CD 34823 7250 25 , , , 34823 7250 26 n. n. NNP 34823 7250 27 , , , 34823 7250 28 283 283 CD 34823 7250 29 , , , 34823 7250 30 n. n. NNP 34823 7250 31 , , , 34823 7250 32 284 284 CD 34823 7250 33 , , , 34823 7250 34 312 312 CD 34823 7250 35 , , , 34823 7250 36 n. n. NNP 34823 7250 37 , , , 34823 7250 38 319 319 CD 34823 7250 39 , , , 34823 7250 40 n. n. NNP 34823 7250 41 , , , 34823 7250 42 327 327 CD 34823 7250 43 , , , 34823 7250 44 n. n. NNP 34823 7250 45 , , , 34823 7250 46 418 418 CD 34823 7250 47 , , , 34823 7250 48 n. n. NNP 34823 7250 49 , , , 34823 7250 50 419 419 CD 34823 7250 51 , , , 34823 7250 52 n. n. NNP 34823 7250 53 , , , 34823 7250 54 443 443 CD 34823 7250 55 , , , 34823 7250 56 n. n. NNP 34823 7250 57 , , , 34823 7250 58 444 444 CD 34823 7250 59 , , , 34823 7250 60 n. n. NNP 34823 7250 61 , , , 34823 7250 62 459 459 CD 34823 7250 63 . . . 34823 7251 1 Law law NN 34823 7251 2 , , , 34823 7251 3 theories theory NNS 34823 7251 4 of of IN 34823 7251 5 , , , 34823 7251 6 23ff 23ff NN 34823 7251 7 . . . 34823 7251 8 , , , 34823 7251 9 586 586 CD 34823 7251 10 - - SYM 34823 7251 11 89 89 CD 34823 7251 12 ; ; : 34823 7251 13 statics static NNS 34823 7251 14 and and CC 34823 7251 15 dynamics dynamic NNS 34823 7251 16 of of IN 34823 7251 17 , , , 34823 7251 18 586 586 CD 34823 7251 19 - - SYM 34823 7251 20 88 88 CD 34823 7251 21 . . . 34823 7252 1 LeBon LeBon NNP 34823 7252 2 , , , 34823 7252 3 G. G. NNP 34823 7252 4 , , , 34823 7252 5 37 37 CD 34823 7252 6 . . . 34823 7253 1 Legal legal JJ 34823 7253 2 tender tender NN 34823 7253 3 , , , 34823 7253 4 147 147 CD 34823 7253 5 , , , 34823 7253 6 418 418 CD 34823 7253 7 , , , 34823 7253 8 422 422 CD 34823 7253 9 , , , 34823 7253 10 432 432 CD 34823 7253 11 - - SYM 34823 7253 12 36 36 CD 34823 7253 13 , , , 34823 7253 14 442 442 CD 34823 7253 15 , , , 34823 7253 16 445 445 CD 34823 7253 17 - - SYM 34823 7253 18 47 47 CD 34823 7253 19 , , , 34823 7253 20 448 448 CD 34823 7253 21 , , , 34823 7253 22 n. n. NN 34823 7253 23 See see VB 34823 7253 24 FUNCTIONS FUNCTIONS NNP 34823 7253 25 OF of IN 34823 7253 26 MONEY money NN 34823 7253 27 . . . 34823 7254 1 Legal legal JJ 34823 7254 2 theory theory NN 34823 7254 3 of of IN 34823 7254 4 money money NN 34823 7254 5 , , , 34823 7254 6 134 134 CD 34823 7254 7 , , , 34823 7254 8 136 136 CD 34823 7254 9 , , , 34823 7254 10 405 405 CD 34823 7254 11 , , , 34823 7254 12 433n 433n CD 34823 7254 13 . . . 34823 7254 14 , , , 34823 7254 15 ff ff NNP 34823 7254 16 . . . 34823 7255 1 See see VB 34823 7255 2 _ _ NNP 34823 7255 3 Staatliche Staatliche NNP 34823 7255 4 Theorie Theorie NNP 34823 7255 5 _ _ NNP 34823 7255 6 . . . 34823 7256 1 Legal legal JJ 34823 7256 2 thinking thinking NN 34823 7256 3 . . . 34823 7257 1 See see VB 34823 7257 2 JURISTIC juristic NN 34823 7257 3 THINKING thinking NN 34823 7257 4 . . . 34823 7258 1 Legal legal JJ 34823 7258 2 values value NNS 34823 7258 3 , , , 34823 7258 4 23 23 CD 34823 7258 5 - - SYM 34823 7258 6 29 29 CD 34823 7258 7 , , , 34823 7258 8 40 40 CD 34823 7258 9 , , , 34823 7258 10 138 138 CD 34823 7258 11 - - SYM 34823 7258 12 39 39 CD 34823 7258 13 , , , 34823 7258 14 413 413 CD 34823 7258 15 , , , 34823 7258 16 414 414 CD 34823 7258 17 , , , 34823 7258 18 435 435 CD 34823 7258 19 , , , 34823 7258 20 n. n. NNP 34823 7258 21 , , , 34823 7258 22 562 562 CD 34823 7258 23 , , , 34823 7258 24 n. n. NNP 34823 7258 25 , , , 34823 7258 26 586 586 CD 34823 7258 27 - - SYM 34823 7258 28 89 89 CD 34823 7258 29 . . . 34823 7259 1 Lewes Lewes NNP 34823 7259 2 , , , 34823 7259 3 G. G. NNP 34823 7259 4 H. H. NNP 34823 7259 5 , , , 34823 7259 6 87 87 CD 34823 7259 7 , , , 34823 7259 8 n. n. NNP 34823 7259 9 Liabilities Liabilities NNP 34823 7259 10 of of IN 34823 7259 11 banks bank NNS 34823 7259 12 , , , 34823 7259 13 285 285 CD 34823 7259 14 ; ; : 34823 7259 15 relation relation NN 34823 7259 16 of of IN 34823 7259 17 , , , 34823 7259 18 to to IN 34823 7259 19 loans loan NNS 34823 7259 20 , , , 34823 7259 21 286 286 CD 34823 7259 22 . . . 34823 7260 1 See see VB 34823 7260 2 DEPOSITS DEPOSITS NNP 34823 7260 3 , , , 34823 7260 4 BANK BANK NNP 34823 7260 5 - - HYPH 34823 7260 6 NOTES NOTES NNP 34823 7260 7 , , , 34823 7260 8 ETC ETC NNP 34823 7260 9 . . . 34823 7261 1 Liquid liquid JJ 34823 7261 2 paper paper NN 34823 7261 3 , , , 34823 7261 4 455 455 CD 34823 7261 5 , , , 34823 7261 6 489 489 CD 34823 7261 7 - - SYM 34823 7261 8 91 91 CD 34823 7261 9 , , , 34823 7261 10 499ff 499ff NNP 34823 7261 11 . . . 34823 7261 12 , , , 34823 7261 13 513 513 CD 34823 7261 14 - - SYM 34823 7261 15 18 18 CD 34823 7261 16 . . . 34823 7262 1 Liquidity liquidity NN 34823 7262 2 , , , 34823 7262 3 455 455 CD 34823 7262 4 , , , 34823 7262 5 475 475 CD 34823 7262 6 , , , 34823 7262 7 489 489 CD 34823 7262 8 , , , 34823 7262 9 495 495 CD 34823 7262 10 , , , 34823 7262 11 499ff 499ff NNP 34823 7262 12 . . . 34823 7262 13 , , , 34823 7262 14 508 508 CD 34823 7262 15 , , , 34823 7262 16 513 513 CD 34823 7262 17 - - SYM 34823 7262 18 18 18 CD 34823 7262 19 , , , 34823 7262 20 526 526 CD 34823 7262 21 - - SYM 34823 7262 22 27 27 CD 34823 7262 23 , , , 34823 7262 24 529 529 CD 34823 7262 25 - - SYM 34823 7262 26 44 44 CD 34823 7262 27 . . . 34823 7263 1 See see VB 34823 7263 2 SALEABILITY SALEABILITY NNP 34823 7263 3 , , , 34823 7263 4 STATICS STATICS NNP 34823 7263 5 , , , 34823 7263 6 FRICTION FRICTION NNP 34823 7263 7 . . . 34823 7264 1 Liverpool Liverpool NNP 34823 7264 2 , , , 34823 7264 3 252 252 CD 34823 7264 4 , , , 34823 7264 5 259 259 CD 34823 7264 6 . . . 34823 7265 1 Loans loan NNS 34823 7265 2 , , , 34823 7265 3 on on IN 34823 7265 4 call call NN 34823 7265 5 . . . 34823 7266 1 See see VB 34823 7266 2 CALL call JJ 34823 7266 3 LOANS loans NN 34823 7266 4 . . . 34823 7267 1 On on IN 34823 7267 2 cotton cotton NN 34823 7267 3 , , , 34823 7267 4 481 481 CD 34823 7267 5 , , , 34823 7267 6 504 504 CD 34823 7267 7 , , , 34823 7267 8 508 508 CD 34823 7267 9 , , , 34823 7267 10 n. n. NN 34823 7267 11 ; ; : 34823 7267 12 on on IN 34823 7267 13 grain grain NN 34823 7267 14 , , , 34823 7267 15 380 380 CD 34823 7267 16 , , , 34823 7267 17 503 503 CD 34823 7267 18 , , , 34823 7267 19 508 508 CD 34823 7267 20 , , , 34823 7267 21 n. n. NN 34823 7267 22 ; ; : 34823 7267 23 to to IN 34823 7267 24 stock stock NN 34823 7267 25 market market NN 34823 7267 26 , , , 34823 7267 27 375ff 375ff NNP 34823 7267 28 . . NNP 34823 7267 29 , , , 34823 7267 30 379 379 CD 34823 7267 31 , , , 34823 7267 32 n. n. NNP 34823 7267 33 , , , 34823 7267 34 430 430 CD 34823 7267 35 , , , 34823 7267 36 488 488 CD 34823 7267 37 , , , 34823 7267 38 502 502 CD 34823 7267 39 - - HYPH 34823 7267 40 03 03 CD 34823 7267 41 , , , 34823 7267 42 507 507 CD 34823 7267 43 - - SYM 34823 7267 44 12 12 CD 34823 7267 45 , , , 34823 7267 46 518 518 CD 34823 7267 47 - - SYM 34823 7267 48 20 20 CD 34823 7267 49 , , , 34823 7267 50 523 523 CD 34823 7267 51 - - SYM 34823 7267 52 28 28 CD 34823 7267 53 ; ; : 34823 7267 54 to to IN 34823 7267 55 wholesalers wholesaler NNS 34823 7267 56 and and CC 34823 7267 57 retailers retailer NNS 34823 7267 58 , , , 34823 7267 59 504 504 CD 34823 7267 60 - - HYPH 34823 7267 61 05 05 CD 34823 7267 62 ; ; : 34823 7267 63 consumption consumption NN 34823 7267 64 , , , 34823 7267 65 463 463 CD 34823 7267 66 ; ; : 34823 7267 67 war war NN 34823 7267 68 , , , 34823 7267 69 see see VBP 34823 7267 70 WAR WAR NNP 34823 7267 71 LOANS LOANS NNP 34823 7267 72 . . . 34823 7268 1 Collateral collateral NN 34823 7268 2 , , , 34823 7268 3 see see VB 34823 7268 4 COLLATERAL collateral NN 34823 7268 5 LOANS loan NNS 34823 7268 6 . . . 34823 7269 1 Activity activity NN 34823 7269 2 of of IN 34823 7269 3 , , , 34823 7269 4 512 512 CD 34823 7269 5 - - SYM 34823 7269 6 14 14 CD 34823 7269 7 ; ; : 34823 7269 8 relation relation NN 34823 7269 9 of of IN 34823 7269 10 , , , 34823 7269 11 to to IN 34823 7269 12 deposits deposit NNS 34823 7269 13 , , , 34823 7269 14 285ff 285ff NNP 34823 7269 15 . . . 34823 7270 1 ; ; : 34823 7270 2 relation relation NN 34823 7270 3 of of IN 34823 7270 4 to to IN 34823 7270 5 " " `` 34823 7270 6 deposits deposit NNS 34823 7270 7 , , , 34823 7270 8 " " '' 34823 7270 9 375 375 CD 34823 7270 10 - - SYM 34823 7270 11 81 81 CD 34823 7270 12 , , , 34823 7270 13 512 512 CD 34823 7270 14 - - SYM 34823 7270 15 14 14 CD 34823 7270 16 ; ; : 34823 7270 17 relation relation NN 34823 7270 18 of of IN 34823 7270 19 , , , 34823 7270 20 to to TO 34823 7270 21 trade trade VB 34823 7270 22 , , , 34823 7270 23 287 287 CD 34823 7270 24 , , , 34823 7270 25 287 287 CD 34823 7270 26 , , , 34823 7270 27 n. n. NN 34823 7270 28 ; ; : 34823 7270 29 relation relation NN 34823 7270 30 of of IN 34823 7270 31 , , , 34823 7270 32 to to IN 34823 7270 33 international international JJ 34823 7270 34 gold gold NN 34823 7270 35 movements movement NNS 34823 7270 36 , , , 34823 7270 37 318 318 CD 34823 7270 38 - - SYM 34823 7270 39 19 19 CD 34823 7270 40 ; ; : 34823 7270 41 short short JJ 34823 7270 42 loans loan NNS 34823 7270 43 as as IN 34823 7270 44 bearers bearer NNS 34823 7270 45 of of IN 34823 7270 46 options option NNS 34823 7270 47 , , , 34823 7270 48 425 425 CD 34823 7270 49 , , , 34823 7270 50 428 428 CD 34823 7270 51 - - SYM 34823 7270 52 32 32 CD 34823 7270 53 . . . 34823 7271 1 See see VB 34823 7271 2 also also RB 34823 7271 3 ASSETS ASSETS NNPS 34823 7271 4 OF of IN 34823 7271 5 BANKS bank NNS 34823 7271 6 , , , 34823 7271 7 " " `` 34823 7271 8 COMMERCIAL commercial JJ 34823 7271 9 PAPER paper NN 34823 7271 10 , , , 34823 7271 11 " " '' 34823 7271 12 " " `` 34823 7271 13 MORNING morning NN 34823 7271 14 LOANS loan NNS 34823 7271 15 , , , 34823 7271 16 " " '' 34823 7271 17 " " `` 34823 7271 18 OVERCERTIFICATIONS overcertifications NN 34823 7271 19 . . . 34823 7271 20 " " '' 34823 7272 1 Locke Locke NNP 34823 7272 2 , , , 34823 7272 3 John John NNP 34823 7272 4 , , , 34823 7272 5 47 47 CD 34823 7272 6 . . . 34823 7273 1 London London NNP 34823 7273 2 , , , 34823 7273 3 145 145 CD 34823 7273 4 , , , 34823 7273 5 251 251 CD 34823 7273 6 , , , 34823 7273 7 259 259 CD 34823 7273 8 , , , 34823 7273 9 259 259 CD 34823 7273 10 , , , 34823 7273 11 n. n. NNP 34823 7273 12 , , , 34823 7273 13 497 497 CD 34823 7273 14 , , , 34823 7273 15 522 522 CD 34823 7273 16 , , , 34823 7273 17 n. n. NNP 34823 7273 18 , , , 34823 7273 19 539ff 539ff NNP 34823 7273 20 . . . 34823 7274 1 ; ; : 34823 7274 2 stock stock NN 34823 7274 3 exchange exchange NNP 34823 7274 4 , , , 34823 7274 5 451 451 CD 34823 7274 6 ; ; : 34823 7274 7 money money NN 34823 7274 8 market market NN 34823 7274 9 , , , 34823 7274 10 illustrates illustrate VBZ 34823 7274 11 assumptions assumption NNS 34823 7274 12 of of IN 34823 7274 13 static static JJ 34823 7274 14 theory theory NN 34823 7274 15 , , , 34823 7274 16 539ff 539ff NNP 34823 7274 17 . . . 34823 7275 1 M M NNP 34823 7275 2 " " `` 34823 7275 3 Manipulation Manipulation NNP 34823 7275 4 , , , 34823 7275 5 " " '' 34823 7275 6 of of IN 34823 7275 7 values value NNS 34823 7275 8 and and CC 34823 7275 9 prices price NNS 34823 7275 10 , , , 34823 7275 11 575ff 575ff NNP 34823 7275 12 . . NNP 34823 7275 13 , , , 34823 7275 14 589 589 CD 34823 7275 15 . . . 34823 7276 1 Manufacturers manufacturer NNS 34823 7276 2 ' ' POS 34823 7276 3 " " `` 34823 7276 4 paper paper NN 34823 7276 5 , , , 34823 7276 6 " " '' 34823 7276 7 454 454 CD 34823 7276 8 , , , 34823 7276 9 457 457 CD 34823 7276 10 , , , 34823 7276 11 500 500 CD 34823 7276 12 , , , 34823 7276 13 513 513 CD 34823 7276 14 , , , 34823 7276 15 n. n. NN 34823 7276 16 " " `` 34823 7276 17 Margins margin NNS 34823 7276 18 , , , 34823 7276 19 " " '' 34823 7276 20 372 372 CD 34823 7276 21 , , , 34823 7276 22 488 488 CD 34823 7276 23 , , , 34823 7276 24 489 489 CD 34823 7276 25 , , , 34823 7276 26 493 493 CD 34823 7276 27 , , , 34823 7276 28 521 521 CD 34823 7276 29 , , , 34823 7276 30 n. n. NNP 34823 7276 31 , , , 34823 7276 32 523 523 CD 34823 7276 33 - - SYM 34823 7276 34 26 26 CD 34823 7276 35 , , , 34823 7276 36 528 528 CD 34823 7276 37 ; ; : 34823 7276 38 " " `` 34823 7276 39 margin margin NN 34823 7276 40 operator operator NN 34823 7276 41 " " '' 34823 7276 42 as as IN 34823 7276 43 " " `` 34823 7276 44 banker banker NN 34823 7276 45 , , , 34823 7276 46 " " '' 34823 7276 47 524 524 CD 34823 7276 48 - - SYM 34823 7276 49 26 26 CD 34823 7276 50 . . . 34823 7277 1 Marginal marginal JJ 34823 7277 2 analysis analysis NN 34823 7277 3 , , , 34823 7277 4 24 24 CD 34823 7277 5 , , , 34823 7277 6 51 51 CD 34823 7277 7 , , , 34823 7277 8 440 440 CD 34823 7277 9 , , , 34823 7277 10 Ch Ch NNP 34823 7277 11 . . . 34823 7278 1 XXV XXV NNP 34823 7278 2 ; ; : 34823 7278 3 applied apply VBN 34823 7278 4 to to IN 34823 7278 5 law law NN 34823 7278 6 , , , 34823 7278 7 586 586 CD 34823 7278 8 - - SYM 34823 7278 9 89 89 CD 34823 7278 10 ; ; : 34823 7278 11 applied apply VBN 34823 7278 12 to to IN 34823 7278 13 money money NN 34823 7278 14 , , , 34823 7278 15 152 152 CD 34823 7278 16 - - SYM 34823 7278 17 53 53 CD 34823 7278 18 , , , 34823 7278 19 199 199 CD 34823 7278 20 , , , 34823 7278 21 208 208 CD 34823 7278 22 , , , 34823 7278 23 225 225 CD 34823 7278 24 , , , 34823 7278 25 227 227 CD 34823 7278 26 , , , 34823 7278 27 451 451 CD 34823 7278 28 - - SYM 34823 7278 29 57 57 CD 34823 7278 30 , , , 34823 7278 31 534 534 CD 34823 7278 32 . . . 34823 7279 1 Marginal marginal JJ 34823 7279 2 utility utility NN 34823 7279 3 , , , 34823 7279 4 13 13 CD 34823 7279 5 , , , 34823 7279 6 14 14 CD 34823 7279 7 - - SYM 34823 7279 8 15 15 CD 34823 7279 9 , , , 34823 7279 10 30 30 CD 34823 7279 11 , , , 34823 7279 12 34 34 CD 34823 7279 13 - - SYM 34823 7279 14 35 35 CD 34823 7279 15 , , , 34823 7279 16 38 38 CD 34823 7279 17 , , , 34823 7279 18 40 40 CD 34823 7279 19 , , , 34823 7279 20 42 42 CD 34823 7279 21 , , , 34823 7279 22 44 44 CD 34823 7279 23 , , , 34823 7279 24 46 46 CD 34823 7279 25 , , , 34823 7279 26 49 49 CD 34823 7279 27 , , , 34823 7279 28 Ch Ch NNP 34823 7279 29 . . . 34823 7280 1 V V NNP 34823 7280 2 , , , 34823 7280 3 137 137 CD 34823 7280 4 , , , 34823 7280 5 440 440 CD 34823 7280 6 , , , 34823 7280 7 n. n. NNP 34823 7280 8 , , , 34823 7280 9 562 562 CD 34823 7280 10 , , , 34823 7280 11 n. n. NNP 34823 7280 12 , , , 34823 7280 13 570 570 CD 34823 7280 14 , , , 34823 7280 15 583 583 CD 34823 7280 16 - - HYPH 34823 7280 17 86 86 CD 34823 7280 18 ; ; , 34823 7280 19 applied apply VBN 34823 7280 20 to to IN 34823 7280 21 value value NN 34823 7280 22 of of IN 34823 7280 23 money money NN 34823 7280 24 , , , 34823 7280 25 Ch Ch NNP 34823 7280 26 . . . 34823 7281 1 V V NNP 34823 7281 2 , , , 34823 7281 3 137 137 CD 34823 7281 4 ; ; : 34823 7281 5 essentially essentially RB 34823 7281 6 static static JJ 34823 7281 7 theory theory NN 34823 7281 8 , , , 34823 7281 9 106ff 106ff NNS 34823 7281 10 . . . 34823 7282 1 ; ; : 34823 7282 2 Schumpeter Schumpeter NNP 34823 7282 3 's 's POS 34823 7282 4 version version NN 34823 7282 5 of of IN 34823 7282 6 , , , 34823 7282 7 44 44 CD 34823 7282 8 , , , 34823 7282 9 90ff 90ff JJ 34823 7282 10 . . . 34823 7282 11 , , , 34823 7282 12 113 113 CD 34823 7282 13 , , , 34823 7282 14 n. n. NNP 34823 7282 15 , , , 34823 7282 16 ff ff NNP 34823 7282 17 . . NNP 34823 7282 18 , , , 34823 7282 19 583 583 CD 34823 7282 20 - - HYPH 34823 7282 21 86 86 CD 34823 7282 22 ; ; : 34823 7282 23 limitations limitation NNS 34823 7282 24 of of IN 34823 7282 25 , , , 34823 7282 26 92ff 92ff JJ 34823 7282 27 . . . 34823 7283 1 ; ; : 34823 7283 2 " " `` 34823 7283 3 relative relative JJ 34823 7283 4 marginal marginal JJ 34823 7283 5 utility utility NN 34823 7283 6 , , , 34823 7283 7 " " `` 34823 7283 8 113 113 CD 34823 7283 9 - - SYM 34823 7283 10 114 114 CD 34823 7283 11 , , , 34823 7283 12 n. n. NNP 34823 7283 13 , , , 34823 7283 14 115 115 CD 34823 7283 15 , , , 34823 7283 16 n. n. NNP 34823 7283 17 , , , 34823 7283 18 440 440 CD 34823 7283 19 , , , 34823 7283 20 n. n. NN 34823 7283 21 ; ; : 34823 7283 22 quantity quantity NN 34823 7283 23 theory theory NN 34823 7283 24 and and CC 34823 7283 25 , , , 34823 7283 26 46 46 CD 34823 7283 27 . . . 34823 7284 1 " " `` 34823 7284 2 Market market NN 34823 7284 3 letter letter NN 34823 7284 4 , , , 34823 7284 5 " " `` 34823 7284 6 222 222 CD 34823 7284 7 , , , 34823 7284 8 575 575 CD 34823 7284 9 . . . 34823 7285 1 Marshall Marshall NNP 34823 7285 2 , , , 34823 7285 3 A. a. NN 34823 7285 4 , , , 34823 7285 5 48 48 CD 34823 7285 6 , , , 34823 7285 7 105 105 CD 34823 7285 8 , , , 34823 7285 9 265 265 CD 34823 7285 10 , , , 34823 7285 11 n. n. NN 34823 7285 12 Marx Marx NNP 34823 7285 13 , , , 34823 7285 14 Karl Karl NNP 34823 7285 15 , , , 34823 7285 16 12 12 CD 34823 7285 17 . . . 34823 7286 1 Mathematical mathematical JJ 34823 7286 2 economics economic NNS 34823 7286 3 , , , 34823 7286 4 91 91 CD 34823 7286 5 , , , 34823 7286 6 n. n. NN 34823 7286 7 , , , 34823 7286 8 117 117 CD 34823 7286 9 , , , 34823 7286 10 139 139 CD 34823 7286 11 , , , 34823 7286 12 142 142 CD 34823 7286 13 , , , 34823 7286 14 Ch Ch NNP 34823 7286 15 . . . 34823 7287 1 VIII VIII NNP 34823 7287 2 , , , 34823 7287 3 310 310 CD 34823 7287 4 , , , 34823 7287 5 438 438 CD 34823 7287 6 , , , 34823 7287 7 553 553 CD 34823 7287 8 . . . 34823 7288 1 McCulloch McCulloch NNP 34823 7288 2 , , , 34823 7288 3 J. J. NNP 34823 7288 4 R. R. NNP 34823 7288 5 , , , 34823 7288 6 66 66 CD 34823 7288 7 . . . 34823 7289 1 Mead Mead NNP 34823 7289 2 , , , 34823 7289 3 G. G. NNP 34823 7289 4 H. H. NNP 34823 7289 5 , , , 34823 7289 6 4 4 CD 34823 7289 7 , , , 34823 7289 8 n. n. NNP 34823 7289 9 Meade Meade NNP 34823 7289 10 , , , 34823 7289 11 E. E. NNP 34823 7289 12 S. S. NNP 34823 7289 13 , , , 34823 7289 14 198 198 CD 34823 7289 15 , , , 34823 7289 16 n. n. NNP 34823 7289 17 , , , 34823 7289 18 202 202 CD 34823 7289 19 , , , 34823 7289 20 n. n. NNP 34823 7289 21 , , , 34823 7289 22 477 477 CD 34823 7289 23 , , , 34823 7289 24 n. n. NN 34823 7289 25 Measure measure NN 34823 7289 26 of of IN 34823 7289 27 values value NNS 34823 7289 28 , , , 34823 7289 29 133 133 CD 34823 7289 30 , , , 34823 7289 31 150 150 CD 34823 7289 32 - - SYM 34823 7289 33 53 53 CD 34823 7289 34 , , , 34823 7289 35 201 201 CD 34823 7289 36 , , , 34823 7289 37 265 265 CD 34823 7289 38 , , , 34823 7289 39 n. n. NNP 34823 7289 40 , , , 34823 7289 41 325 325 CD 34823 7289 42 , , , 34823 7289 43 327 327 CD 34823 7289 44 - - SYM 34823 7289 45 28 28 CD 34823 7289 46 , , , 34823 7289 47 391 391 CD 34823 7289 48 , , , 34823 7289 49 417 417 CD 34823 7289 50 , , , 34823 7289 51 418 418 CD 34823 7289 52 - - SYM 34823 7289 53 23 23 CD 34823 7289 54 , , , 34823 7289 55 436 436 CD 34823 7289 56 , , , 34823 7289 57 451 451 CD 34823 7289 58 , , , 34823 7289 59 543 543 CD 34823 7289 60 , , , 34823 7289 61 567 567 CD 34823 7289 62 - - SYM 34823 7289 63 69 69 CD 34823 7289 64 , , , 34823 7289 65 538 538 CD 34823 7289 66 ; ; : 34823 7289 67 must must MD 34823 7289 68 have have VB 34823 7289 69 value value NN 34823 7289 70 , , , 34823 7289 71 133 133 CD 34823 7289 72 , , , 34823 7289 73 326 326 CD 34823 7289 74 ; ; : 34823 7289 75 relation relation NN 34823 7289 76 of of IN 34823 7289 77 , , , 34823 7289 78 to to IN 34823 7289 79 commodity commodity NN 34823 7289 80 theory theory NN 34823 7289 81 , , , 34823 7289 82 151 151 CD 34823 7289 83 - - SYM 34823 7289 84 53 53 CD 34823 7289 85 ; ; : 34823 7289 86 applied apply VBN 34823 7289 87 to to IN 34823 7289 88 non non JJ 34823 7289 89 - - JJ 34823 7289 90 economic economic JJ 34823 7289 91 values value NNS 34823 7289 92 , , , 34823 7289 93 567 567 CD 34823 7289 94 - - SYM 34823 7289 95 69 69 CD 34823 7289 96 . . . 34823 7290 1 See see VB 34823 7290 2 also also RB 34823 7290 3 FUNCTIONS FUNCTIONS NNP 34823 7290 4 OF of IN 34823 7290 5 MONEY money NN 34823 7290 6 . . . 34823 7291 1 Medium Medium NNP 34823 7291 2 of of IN 34823 7291 3 exchange exchange NN 34823 7291 4 , , , 34823 7291 5 133 133 CD 34823 7291 6 , , , 34823 7291 7 201 201 CD 34823 7291 8 , , , 34823 7291 9 327 327 CD 34823 7291 10 - - SYM 34823 7291 11 28 28 CD 34823 7291 12 , , , 34823 7291 13 391 391 CD 34823 7291 14 , , , 34823 7291 15 404 404 CD 34823 7291 16 , , , 34823 7291 17 418 418 CD 34823 7291 18 , , , 34823 7291 19 420 420 CD 34823 7291 20 - - SYM 34823 7291 21 24 24 CD 34823 7291 22 , , , 34823 7291 23 425 425 CD 34823 7291 24 - - SYM 34823 7291 25 26 26 CD 34823 7291 26 , , , 34823 7291 27 433 433 CD 34823 7291 28 , , , 34823 7291 29 n. n. NNP 34823 7291 30 , , , 34823 7291 31 434 434 CD 34823 7291 32 , , , 34823 7291 33 n. n. NNP 34823 7291 34 , , , 34823 7291 35 436 436 CD 34823 7291 36 , , , 34823 7291 37 442 442 CD 34823 7291 38 , , , 34823 7291 39 543 543 CD 34823 7291 40 ; ; : 34823 7291 41 must must MD 34823 7291 42 have have VB 34823 7291 43 value value NN 34823 7291 44 , , , 34823 7291 45 133 133 CD 34823 7291 46 . . . 34823 7292 1 See see VB 34823 7292 2 FUNCTIONS functions NN 34823 7292 3 OF of IN 34823 7292 4 MONEY money NN 34823 7292 5 . . . 34823 7293 1 Meinong Meinong NNP 34823 7293 2 , , , 34823 7293 3 A. a. NN 34823 7293 4 , , , 34823 7293 5 467 467 CD 34823 7293 6 . . . 34823 7294 1 Menger Menger NNP 34823 7294 2 , , , 34823 7294 3 Karl Karl NNP 34823 7294 4 , , , 34823 7294 5 14 14 CD 34823 7294 6 , , , 34823 7294 7 48 48 CD 34823 7294 8 , , , 34823 7294 9 82 82 CD 34823 7294 10 , , , 34823 7294 11 n. n. NNP 34823 7294 12 , , , 34823 7294 13 88 88 CD 34823 7294 14 , , , 34823 7294 15 96 96 CD 34823 7294 16 , , , 34823 7294 17 n. n. NNP 34823 7294 18 , , , 34823 7294 19 110 110 CD 34823 7294 20 , , , 34823 7294 21 397 397 CD 34823 7294 22 , , , 34823 7294 23 398 398 CD 34823 7294 24 , , , 34823 7294 25 400 400 CD 34823 7294 26 , , , 34823 7294 27 401 401 CD 34823 7294 28 , , , 34823 7294 29 n. n. NNP 34823 7294 30 , , , 34823 7294 31 402 402 CD 34823 7294 32 - - SYM 34823 7294 33 04 04 CD 34823 7294 34 , , , 34823 7294 35 406 406 CD 34823 7294 36 , , , 34823 7294 37 407 407 CD 34823 7294 38 , , , 34823 7294 39 n. n. NNP 34823 7294 40 , , , 34823 7294 41 418 418 CD 34823 7294 42 , , , 34823 7294 43 476 476 CD 34823 7294 44 , , , 34823 7294 45 493 493 CD 34823 7294 46 . . . 34823 7295 1 Mercantilism Mercantilism NNP 34823 7295 2 , , , 34823 7295 3 225 225 CD 34823 7295 4 , , , 34823 7295 5 551 551 CD 34823 7295 6 . . . 34823 7296 1 Merriam Merriam NNP 34823 7296 2 , , , 34823 7296 3 L. L. NNP 34823 7296 4 S. S. NNP 34823 7296 5 , , , 34823 7296 6 13 13 CD 34823 7296 7 , , , 34823 7296 8 419 419 CD 34823 7296 9 , , , 34823 7296 10 n. n. NN 34823 7296 11 Metallist metallist JJ 34823 7296 12 theory theory NN 34823 7296 13 . . . 34823 7297 1 See see VB 34823 7297 2 COMMODITY COMMODITY NNP 34823 7297 3 THEORY THEORY NNP 34823 7297 4 . . . 34823 7298 1 Middlemen middleman NNS 34823 7298 2 , , , 34823 7298 3 effect effect NN 34823 7298 4 of of IN 34823 7298 5 eliminating eliminate VBG 34823 7298 6 , , , 34823 7298 7 on on IN 34823 7298 8 price price NN 34823 7298 9 level level NN 34823 7298 10 , , , 34823 7298 11 306 306 CD 34823 7298 12 - - SYM 34823 7298 13 07 07 CD 34823 7298 14 . . . 34823 7299 1 Mill Mill NNP 34823 7299 2 , , , 34823 7299 3 James James NNP 34823 7299 4 , , , 34823 7299 5 66 66 CD 34823 7299 6 . . . 34823 7300 1 Mill Mill NNP 34823 7300 2 , , , 34823 7300 3 J. J. NNP 34823 7300 4 S. S. NNP 34823 7300 5 , , , 34823 7300 6 46 46 CD 34823 7300 7 , , , 34823 7300 8 47 47 CD 34823 7300 9 , , , 34823 7300 10 50 50 CD 34823 7300 11 - - SYM 34823 7300 12 52 52 CD 34823 7300 13 , , , 34823 7300 14 55 55 CD 34823 7300 15 , , , 34823 7300 16 n. n. NNP 34823 7300 17 , , , 34823 7300 18 58 58 CD 34823 7300 19 , , , 34823 7300 20 59 59 CD 34823 7300 21 , , , 34823 7300 22 61 61 CD 34823 7300 23 , , , 34823 7300 24 67 67 CD 34823 7300 25 , , , 34823 7300 26 69 69 CD 34823 7300 27 , , , 34823 7300 28 94 94 CD 34823 7300 29 , , , 34823 7300 30 129 129 CD 34823 7300 31 , , , 34823 7300 32 132 132 CD 34823 7300 33 , , , 34823 7300 34 161 161 CD 34823 7300 35 , , , 34823 7300 36 n. n. NNP 34823 7300 37 , , , 34823 7300 38 172 172 CD 34823 7300 39 , , , 34823 7300 40 192 192 CD 34823 7300 41 , , , 34823 7300 42 193 193 CD 34823 7300 43 , , , 34823 7300 44 n. n. NNP 34823 7300 45 , , , 34823 7300 46 265 265 CD 34823 7300 47 , , , 34823 7300 48 285 285 CD 34823 7300 49 , , , 34823 7300 50 n. n. NNP 34823 7300 51 , , , 34823 7300 52 319 319 CD 34823 7300 53 , , , 34823 7300 54 n. n. NNP 34823 7300 55 , , , 34823 7300 56 333 333 CD 34823 7300 57 , , , 34823 7300 58 n. n. NNP 34823 7300 59 , , , 34823 7300 60 548 548 CD 34823 7300 61 . . . 34823 7301 1 Minneapolis Minneapolis NNP 34823 7301 2 , , , 34823 7301 3 bills bill NNS 34823 7301 4 of of IN 34823 7301 5 exchange exchange NN 34823 7301 6 in in IN 34823 7301 7 , , , 34823 7301 8 289 289 CD 34823 7301 9 , , , 34823 7301 10 n. n. NNP 34823 7301 11 Mises Mises NNP 34823 7301 12 , , , 34823 7301 13 L. L. NNP 34823 7301 14 von von NNP 34823 7301 15 , , , 34823 7301 16 14 14 CD 34823 7301 17 , , , 34823 7301 18 48 48 CD 34823 7301 19 , , , 34823 7301 20 49 49 CD 34823 7301 21 , , , 34823 7301 22 80 80 CD 34823 7301 23 , , , 34823 7301 24 83 83 CD 34823 7301 25 , , , 34823 7301 26 88 88 CD 34823 7301 27 , , , 34823 7301 28 100 100 CD 34823 7301 29 , , , 34823 7301 30 109 109 CD 34823 7301 31 - - SYM 34823 7301 32 11 11 CD 34823 7301 33 , , , 34823 7301 34 120 120 CD 34823 7301 35 , , , 34823 7301 36 n. n. NNP 34823 7301 37 , , , 34823 7301 38 182 182 CD 34823 7301 39 , , , 34823 7301 40 n. n. NNP 34823 7301 41 , , , 34823 7301 42 418 418 CD 34823 7301 43 , , , 34823 7301 44 n. n. NNP 34823 7301 45 , , , 34823 7301 46 429 429 CD 34823 7301 47 , , , 34823 7301 48 n. n. NNP 34823 7301 49 , , , 34823 7301 50 434 434 CD 34823 7301 51 , , , 34823 7301 52 n. n. NNP 34823 7301 53 , , , 34823 7301 54 556 556 CD 34823 7301 55 . . . 34823 7302 1 Mitchell Mitchell NNP 34823 7302 2 , , , 34823 7302 3 W. W. NNP 34823 7302 4 C. C. NNP 34823 7302 5 , , , 34823 7302 6 91 91 CD 34823 7302 7 , , , 34823 7302 8 n. n. NNP 34823 7302 9 , , , 34823 7302 10 179 179 CD 34823 7302 11 , , , 34823 7302 12 n. n. NNP 34823 7302 13 , , , 34823 7302 14 188 188 CD 34823 7302 15 , , , 34823 7302 16 213 213 CD 34823 7302 17 , , , 34823 7302 18 n. n. NNP 34823 7302 19 , , , 34823 7302 20 265 265 CD 34823 7302 21 , , , 34823 7302 22 n. n. NNP 34823 7302 23 , , , 34823 7302 24 286 286 CD 34823 7302 25 , , , 34823 7302 26 n. n. NNP 34823 7302 27 , , , 34823 7302 28 323 323 NNP 34823 7302 29 , , , 34823 7302 30 n. n. NNP 34823 7302 31 , , , 34823 7302 32 329 329 CD 34823 7302 33 , , , 34823 7302 34 n. n. NNP 34823 7302 35 , , , 34823 7302 36 332 332 CD 34823 7302 37 - - SYM 34823 7302 38 34 34 CD 34823 7302 39 , , , 34823 7302 40 363 363 CD 34823 7302 41 , , , 34823 7302 42 412 412 CD 34823 7302 43 , , , 34823 7302 44 n. n. NNP 34823 7302 45 , , , 34823 7302 46 430 430 CD 34823 7302 47 , , , 34823 7302 48 n. n. NNP 34823 7302 49 , , , 34823 7302 50 448 448 CD 34823 7302 51 , , , 34823 7302 52 n. n. NNP 34823 7302 53 , , , 34823 7302 54 449 449 CD 34823 7302 55 , , , 34823 7302 56 n. n. NNP 34823 7302 57 , , , 34823 7302 58 522 522 CD 34823 7302 59 , , , 34823 7302 60 n. n. NNP 34823 7302 61 , , , 34823 7302 62 533 533 CD 34823 7302 63 , , , 34823 7302 64 536 536 CD 34823 7302 65 , , , 34823 7302 66 568 568 CD 34823 7302 67 , , , 34823 7302 68 574 574 CD 34823 7302 69 . . . 34823 7303 1 Mode Mode NNP 34823 7303 2 . . . 34823 7304 1 See see VB 34823 7304 2 SUGGESTION SUGGESTION NNP 34823 7304 3 . . . 34823 7305 1 Money money NN 34823 7305 2 , , , 34823 7305 3 abstracted abstract VBN 34823 7305 4 from from IN 34823 7305 5 by by IN 34823 7305 6 static static JJ 34823 7305 7 theory theory NN 34823 7305 8 , , , 34823 7305 9 99 99 CD 34823 7305 10 , , , 34823 7305 11 265 265 CD 34823 7305 12 - - SYM 34823 7305 13 66 66 CD 34823 7305 14 , , , 34823 7305 15 392 392 CD 34823 7305 16 ; ; : 34823 7305 17 definitions definition NNS 34823 7305 18 of of IN 34823 7305 19 , , , 34823 7305 20 167 167 CD 34823 7305 21 , , , 34823 7305 22 169 169 CD 34823 7305 23 , , , 34823 7305 24 325 325 CD 34823 7305 25 - - SYM 34823 7305 26 26 26 CD 34823 7305 27 , , , 34823 7305 28 495 495 CD 34823 7305 29 - - SYM 34823 7305 30 96 96 CD 34823 7305 31 ; ; , 34823 7305 32 functions function NNS 34823 7305 33 of of IN 34823 7305 34 , , , 34823 7305 35 see see VB 34823 7305 36 FUNCTIONS FUNCTIONS NNP 34823 7305 37 OF of IN 34823 7305 38 MONEY money NN 34823 7305 39 ; ; : 34823 7305 40 must must MD 34823 7305 41 have have VB 34823 7305 42 value value NN 34823 7305 43 from from IN 34823 7305 44 non non JJ 34823 7305 45 - - JJ 34823 7305 46 pecuniary pecuniary JJ 34823 7305 47 source source NN 34823 7305 48 , , , 34823 7305 49 Ch Ch NNP 34823 7305 50 . . . 34823 7306 1 VII VII NNP 34823 7306 2 , , , 34823 7306 3 326 326 CD 34823 7306 4 , , , 34823 7306 5 390 390 CD 34823 7306 6 - - SYM 34823 7306 7 91 91 CD 34823 7306 8 , , , 34823 7306 9 417 417 CD 34823 7306 10 , , , 34823 7306 11 440 440 CD 34823 7306 12 , , , 34823 7306 13 449 449 CD 34823 7306 14 , , , 34823 7306 15 591 591 CD 34823 7306 16 ; ; : 34823 7306 17 origin origin NN 34823 7306 18 of of IN 34823 7306 19 , , , 34823 7306 20 394 394 CD 34823 7306 21 , , , 34823 7306 22 Ch Ch NNP 34823 7306 23 . . . 34823 7307 1 XXI XXI NNP 34823 7307 2 ; ; : 34823 7307 3 money money NN 34823 7307 4 not not RB 34823 7307 5 unique unique JJ 34823 7307 6 , , , 34823 7307 7 82 82 CD 34823 7307 8 - - SYM 34823 7307 9 83 83 CD 34823 7307 10 , , , 34823 7307 11 85 85 CD 34823 7307 12 , , , 34823 7307 13 137 137 CD 34823 7307 14 , , , 34823 7307 15 145 145 CD 34823 7307 16 , , , 34823 7307 17 147 147 CD 34823 7307 18 , , , 34823 7307 19 148 148 CD 34823 7307 20 , , , 34823 7307 21 325 325 CD 34823 7307 22 , , , 34823 7307 23 329 329 CD 34823 7307 24 - - SYM 34823 7307 25 30 30 CD 34823 7307 26 , , , 34823 7307 27 389 389 CD 34823 7307 28 , , , 34823 7307 29 406 406 CD 34823 7307 30 - - SYM 34823 7307 31 07 07 CD 34823 7307 32 , , , 34823 7307 33 417 417 CD 34823 7307 34 , , , 34823 7307 35 425 425 CD 34823 7307 36 , , , 34823 7307 37 437 437 CD 34823 7307 38 - - SYM 34823 7307 39 50 50 CD 34823 7307 40 , , , 34823 7307 41 477 477 CD 34823 7307 42 - - SYM 34823 7307 43 78 78 CD 34823 7307 44 , , , 34823 7307 45 535 535 CD 34823 7307 46 , , , 34823 7307 47 542 542 CD 34823 7307 48 , , , 34823 7307 49 544 544 CD 34823 7307 50 ; ; : 34823 7307 51 peculiarities peculiarity NNS 34823 7307 52 of of IN 34823 7307 53 , , , 34823 7307 54 3 3 CD 34823 7307 55 , , , 34823 7307 56 57 57 CD 34823 7307 57 - - SYM 34823 7307 58 58 58 CD 34823 7307 59 , , , 34823 7307 60 64 64 CD 34823 7307 61 , , , 34823 7307 62 69 69 CD 34823 7307 63 , , , 34823 7307 64 71 71 CD 34823 7307 65 , , , 34823 7307 66 74ff 74ff NN 34823 7307 67 . . . 34823 7307 68 , , , 34823 7307 69 78 78 CD 34823 7307 70 - - SYM 34823 7307 71 79 79 CD 34823 7307 72 , , , 34823 7307 73 81 81 CD 34823 7307 74 - - SYM 34823 7307 75 83 83 CD 34823 7307 76 , , , 34823 7307 77 85 85 CD 34823 7307 78 , , , 34823 7307 79 88 88 CD 34823 7307 80 , , , 34823 7307 81 91 91 CD 34823 7307 82 , , , 34823 7307 83 101 101 CD 34823 7307 84 , , , 34823 7307 85 124 124 CD 34823 7307 86 , , , 34823 7307 87 Ch Ch NNP 34823 7307 88 . . . 34823 7308 1 VII VII NNP 34823 7308 2 , , , 34823 7308 3 132 132 CD 34823 7308 4 , , , 34823 7308 5 n. n. NNP 34823 7308 6 , , , 34823 7308 7 134 134 CD 34823 7308 8 , , , 34823 7308 9 144 144 CD 34823 7308 10 - - SYM 34823 7308 11 45 45 CD 34823 7308 12 , , , 34823 7308 13 153 153 CD 34823 7308 14 , , , 34823 7308 15 392 392 CD 34823 7308 16 - - SYM 34823 7308 17 93 93 CD 34823 7308 18 , , , 34823 7308 19 Ch Ch NNP 34823 7308 20 . . . 34823 7309 1 XXI XXI NNP 34823 7309 2 , , , 34823 7309 3 Ch Ch NNP 34823 7309 4 . . . 34823 7310 1 XXII XXII NNP 34823 7310 2 , , , 34823 7310 3 406 406 CD 34823 7310 4 , , , 34823 7310 5 437ff 437ff NN 34823 7310 6 . . . 34823 7311 1 ; ; : 34823 7311 2 tool tool NN 34823 7311 3 or or CC 34823 7311 4 instrumental instrumental JJ 34823 7311 5 good good NN 34823 7311 6 , , , 34823 7311 7 Ch Ch NNP 34823 7311 8 . . . 34823 7312 1 IV IV NNP 34823 7312 2 , , , 34823 7312 3 82 82 CD 34823 7312 4 - - SYM 34823 7312 5 83 83 CD 34823 7312 6 , , , 34823 7312 7 224 224 CD 34823 7312 8 , , , 34823 7312 9 Ch Ch NNP 34823 7312 10 . . . 34823 7313 1 XXII XXII NNP 34823 7313 2 , , , 34823 7313 3 591 591 CD 34823 7313 4 ; ; : 34823 7313 5 theory theory NN 34823 7313 6 of of IN 34823 7313 7 , , , 34823 7313 8 developed develop VBN 34823 7313 9 in in IN 34823 7313 10 isolation isolation NN 34823 7313 11 , , , 34823 7313 12 46ff 46ff NNS 34823 7313 13 . . . 34823 7314 1 ; ; : 34823 7314 2 theory theory NN 34823 7314 3 of of IN 34823 7314 4 , , , 34823 7314 5 must must MD 34823 7314 6 be be VB 34823 7314 7 dynamic dynamic JJ 34823 7314 8 , , , 34823 7314 9 262 262 CD 34823 7314 10 - - SYM 34823 7314 11 66 66 CD 34823 7314 12 , , , 34823 7314 13 393 393 CD 34823 7314 14 . . . 34823 7315 1 See see VB 34823 7315 2 also also RB 34823 7315 3 STATICS STATICS NNP 34823 7315 4 , , , 34823 7315 5 DYNAMICS DYNAMICS NNP 34823 7315 6 . . . 34823 7316 1 Value value NN 34823 7316 2 of of IN 34823 7316 3 , , , 34823 7316 4 _ _ NNP 34823 7316 5 vs. vs. IN 34823 7316 6 _ _ NNP 34823 7316 7 " " `` 34823 7316 8 reciprocal reciprocal JJ 34823 7316 9 of of IN 34823 7316 10 price price NN 34823 7316 11 - - HYPH 34823 7316 12 level level NN 34823 7316 13 , , , 34823 7316 14 " " '' 34823 7316 15 8 8 CD 34823 7316 16 , , , 34823 7316 17 56 56 CD 34823 7316 18 - - SYM 34823 7316 19 57 57 CD 34823 7316 20 , , , 34823 7316 21 77 77 CD 34823 7316 22 , , , 34823 7316 23 100 100 CD 34823 7316 24 , , , 34823 7316 25 123 123 CD 34823 7316 26 , , , 34823 7316 27 128 128 CD 34823 7316 28 - - SYM 34823 7316 29 29 29 CD 34823 7316 30 , , , 34823 7316 31 155 155 CD 34823 7316 32 - - SYM 34823 7316 33 56 56 CD 34823 7316 34 , , , 34823 7316 35 312 312 CD 34823 7316 36 - - SYM 34823 7316 37 13 13 CD 34823 7316 38 , , , 34823 7316 39 382 382 CD 34823 7316 40 , , , 34823 7316 41 388 388 CD 34823 7316 42 - - SYM 34823 7316 43 89 89 CD 34823 7316 44 , , , 34823 7316 45 433 433 CD 34823 7316 46 , , , 34823 7316 47 n. n. NNP 34823 7316 48 , , , 34823 7316 49 449 449 CD 34823 7316 50 . . . 34823 7317 1 See see VB 34823 7317 2 VALUE VALUE NNP 34823 7317 3 , , , 34823 7317 4 ABSOLUTE ABSOLUTE NNP 34823 7317 5 _ _ NNP 34823 7317 6 vs. vs. IN 34823 7317 7 _ _ NNP 34823 7317 8 RELATIVE RELATIVE NNP 34823 7317 9 . . . 34823 7318 1 Relation relation NN 34823 7318 2 of of IN 34823 7318 3 , , , 34823 7318 4 to to IN 34823 7318 5 credit credit NN 34823 7318 6 . . . 34823 7319 1 See see VB 34823 7319 2 CREDIT credit NN 34823 7319 3 , , , 34823 7319 4 RESERVES RESERVES -LRB- 34823 7319 5 , , , 34823 7319 6 RATIO RATIO NNP 34823 7319 7 , , , 34823 7319 8 FIXED FIXED NNP 34823 7319 9 , , , 34823 7319 10 M m NN 34823 7319 11 : : : 34823 7319 12 M M NNP 34823 7319 13 ´ ´ CD 34823 7319 14 . . . 34823 7320 1 Relation relation NN 34823 7320 2 of of IN 34823 7320 3 , , , 34823 7320 4 to to TO 34823 7320 5 trade trade VB 34823 7320 6 , , , 34823 7320 7 Ch Ch NNP 34823 7320 8 . . . 34823 7321 1 XIII XIII NNP 34823 7321 2 , , , 34823 7321 3 Ch Ch NNP 34823 7321 4 . . . 34823 7322 1 XIV XIV NNP 34823 7322 2 . . . 34823 7323 1 See see VB 34823 7323 2 TRADE trade NN 34823 7323 3 . . . 34823 7324 1 See see VB 34823 7324 2 ANALYTICAL analytical NN 34823 7324 3 TABLE TABLE NNS 34823 7324 4 OF of IN 34823 7324 5 CONTENTS content NNS 34823 7324 6 . . . 34823 7325 1 " " `` 34823 7325 2 Money money NN 34823 7325 3 in in IN 34823 7325 4 circulation circulation NN 34823 7325 5 , , , 34823 7325 6 " " `` 34823 7325 7 Ch ch NN 34823 7325 8 . . . 34823 7326 1 VIII VIII NNP 34823 7326 2 , , , 34823 7326 3 173 173 CD 34823 7326 4 , , , 34823 7326 5 175 175 CD 34823 7326 6 , , , 34823 7326 7 n. n. NNP 34823 7326 8 , , , 34823 7326 9 179 179 CD 34823 7326 10 , , , 34823 7326 11 185 185 CD 34823 7326 12 . . . 34823 7327 1 Money money NN 34823 7327 2 economy economy NN 34823 7327 3 , , , 34823 7327 4 90 90 CD 34823 7327 5 , , , 34823 7327 6 220 220 CD 34823 7327 7 , , , 34823 7327 8 225 225 CD 34823 7327 9 , , , 34823 7327 10 265 265 CD 34823 7327 11 , , , 34823 7327 12 n. n. NNP 34823 7327 13 , , , 34823 7327 14 397 397 CD 34823 7327 15 , , , 34823 7327 16 399 399 CD 34823 7327 17 , , , 34823 7327 18 Ch Ch NNP 34823 7327 19 . . . 34823 7328 1 XXI XXI NNP 34823 7328 2 , , , 34823 7328 3 Ch Ch NNP 34823 7328 4 . . . 34823 7329 1 XXII XXII NNP 34823 7329 2 , , , 34823 7329 3 555 555 CD 34823 7329 4 . . . 34823 7330 1 " " `` 34823 7330 2 Money money NN 34823 7330 3 - - HYPH 34823 7330 4 funds fund NNS 34823 7330 5 , , , 34823 7330 6 " " '' 34823 7330 7 distinguished distinguish VBN 34823 7330 8 from from IN 34823 7330 9 money money NN 34823 7330 10 , , , 34823 7330 11 63 63 CD 34823 7330 12 , , , 34823 7330 13 427 427 CD 34823 7330 14 , , , 34823 7330 15 453 453 CD 34823 7330 16 , , , 34823 7330 17 495 495 CD 34823 7330 18 - - SYM 34823 7330 19 96 96 CD 34823 7330 20 . . . 34823 7331 1 Money money NN 34823 7331 2 income income NN 34823 7331 3 , , , 34823 7331 4 distinguished distinguish VBN 34823 7331 5 from from IN 34823 7331 6 real real JJ 34823 7331 7 income income NN 34823 7331 8 , , , 34823 7331 9 89 89 CD 34823 7331 10 ; ; : 34823 7331 11 distinguished distinguish VBN 34823 7331 12 from from IN 34823 7331 13 quantity quantity NN 34823 7331 14 of of IN 34823 7331 15 money money NN 34823 7331 16 , , , 34823 7331 17 90 90 CD 34823 7331 18 , , , 34823 7331 19 307 307 CD 34823 7331 20 - - SYM 34823 7331 21 310 310 CD 34823 7331 22 . . . 34823 7332 1 Money money NN 34823 7332 2 market market NN 34823 7332 3 , , , 34823 7332 4 32 32 CD 34823 7332 5 , , , 34823 7332 6 62 62 CD 34823 7332 7 , , , 34823 7332 8 221 221 CD 34823 7332 9 , , , 34823 7332 10 222 222 CD 34823 7332 11 , , , 34823 7332 12 319 319 CD 34823 7332 13 , , , 34823 7332 14 406 406 CD 34823 7332 15 , , , 34823 7332 16 427 427 CD 34823 7332 17 , , , 34823 7332 18 430 430 CD 34823 7332 19 , , , 34823 7332 20 453 453 CD 34823 7332 21 - - SYM 34823 7332 22 58 58 CD 34823 7332 23 , , , 34823 7332 24 461 461 CD 34823 7332 25 , , , 34823 7332 26 495 495 CD 34823 7332 27 - - SYM 34823 7332 28 97 97 CD 34823 7332 29 , , , 34823 7332 30 516 516 CD 34823 7332 31 - - SYM 34823 7332 32 20 20 CD 34823 7332 33 , , , 34823 7332 34 522 522 CD 34823 7332 35 , , , 34823 7332 36 n. n. NNP 34823 7332 37 , , , 34823 7332 38 524 524 CD 34823 7332 39 , , , 34823 7332 40 529 529 CD 34823 7332 41 - - SYM 34823 7332 42 44 44 CD 34823 7332 43 , , , 34823 7332 44 575 575 CD 34823 7332 45 - - SYM 34823 7332 46 76 76 CD 34823 7332 47 . . . 34823 7333 1 " " `` 34823 7333 2 Money money NN 34823 7333 3 Post Post NNP 34823 7333 4 , , , 34823 7333 5 " " '' 34823 7333 6 on on IN 34823 7333 7 New New NNP 34823 7333 8 York York NNP 34823 7333 9 Stock Stock NNP 34823 7333 10 Exchange Exchange NNP 34823 7333 11 , , , 34823 7333 12 372 372 CD 34823 7333 13 , , , 34823 7333 14 375 375 CD 34823 7333 15 , , , 34823 7333 16 430 430 CD 34823 7333 17 - - SYM 34823 7333 18 31 31 CD 34823 7333 19 . . . 34823 7334 1 Money money NN 34823 7334 2 rates rate NNS 34823 7334 3 , , , 34823 7334 4 Ch Ch NNP 34823 7334 5 . . . 34823 7335 1 V V NNP 34823 7335 2 , , , 34823 7335 3 145 145 CD 34823 7335 4 , , , 34823 7335 5 149 149 CD 34823 7335 6 , , , 34823 7335 7 183 183 CD 34823 7335 8 , , , 34823 7335 9 223 223 CD 34823 7335 10 , , , 34823 7335 11 224 224 CD 34823 7335 12 - - SYM 34823 7335 13 26 26 CD 34823 7335 14 , , , 34823 7335 15 316 316 CD 34823 7335 16 , , , 34823 7335 17 319 319 CD 34823 7335 18 - - SYM 34823 7335 19 20 20 CD 34823 7335 20 , , , 34823 7335 21 378 378 CD 34823 7335 22 , , , 34823 7335 23 406 406 CD 34823 7335 24 , , , 34823 7335 25 428 428 CD 34823 7335 26 - - SYM 34823 7335 27 32 32 CD 34823 7335 28 , , , 34823 7335 29 453 453 CD 34823 7335 30 - - SYM 34823 7335 31 57 57 CD 34823 7335 32 , , , 34823 7335 33 461 461 CD 34823 7335 34 , , , 34823 7335 35 495 495 CD 34823 7335 36 , , , 34823 7335 37 523 523 CD 34823 7335 38 - - SYM 34823 7335 39 24 24 CD 34823 7335 40 , , , 34823 7335 41 526 526 CD 34823 7335 42 , , , 34823 7335 43 529 529 CD 34823 7335 44 - - SYM 34823 7335 45 30 30 CD 34823 7335 46 , , , 34823 7335 47 534 534 CD 34823 7335 48 ; ; : 34823 7335 49 _ _ NNP 34823 7335 50 vs. vs. IN 34823 7335 51 _ _ NNP 34823 7335 52 interest interest NN 34823 7335 53 rates rate NNS 34823 7335 54 . . . 34823 7336 1 See see VB 34823 7336 2 INTEREST interest NN 34823 7336 3 . . . 34823 7337 1 Relation relation NN 34823 7337 2 of of IN 34823 7337 3 , , , 34823 7337 4 to to IN 34823 7337 5 bank bank NN 34823 7337 6 reserves reserve NNS 34823 7337 7 , , , 34823 7337 8 378 378 CD 34823 7337 9 ; ; : 34823 7337 10 to to IN 34823 7337 11 clearings clearing NNS 34823 7337 12 , , , 34823 7337 13 378 378 CD 34823 7337 14 ; ; : 34823 7337 15 to to IN 34823 7337 16 international international JJ 34823 7337 17 gold gold NN 34823 7337 18 movements movement NNS 34823 7337 19 , , , 34823 7337 20 316 316 CD 34823 7337 21 , , , 34823 7337 22 318 318 CD 34823 7337 23 - - SYM 34823 7337 24 20 20 CD 34823 7337 25 ; ; : 34823 7337 26 to to TO 34823 7337 27 dividend dividend VB 34823 7337 28 and and CC 34823 7337 29 interest interest NN 34823 7337 30 payments payment NNS 34823 7337 31 , , , 34823 7337 32 522 522 CD 34823 7337 33 , , , 34823 7337 34 n. n. NNP 34823 7337 35 ; ; : 34823 7337 36 to to IN 34823 7337 37 plans plan NNS 34823 7337 38 for for IN 34823 7337 39 corporate corporate JJ 34823 7337 40 consolidations consolidation NNS 34823 7337 41 , , , 34823 7337 42 198 198 CD 34823 7337 43 ; ; : 34823 7337 44 to to IN 34823 7337 45 jewelers jeweler NNS 34823 7337 46 ' ' POS 34823 7337 47 profits profit NNS 34823 7337 48 , , , 34823 7337 49 454 454 CD 34823 7337 50 ; ; : 34823 7337 51 to to TO 34823 7337 52 trade trade VB 34823 7337 53 , , , 34823 7337 54 223 223 CD 34823 7337 55 , , , 34823 7337 56 224 224 CD 34823 7337 57 , , , 34823 7337 58 226 226 CD 34823 7337 59 ; ; : 34823 7337 60 to to TO 34823 7337 61 volume volume NN 34823 7337 62 of of IN 34823 7337 63 speculation speculation NN 34823 7337 64 , , , 34823 7337 65 378 378 CD 34823 7337 66 , , , 34823 7337 67 522 522 CD 34823 7337 68 , , , 34823 7337 69 n. n. NN 34823 7337 70 " " `` 34823 7337 71 Money Money NNP 34823 7337 72 Trust Trust NNP 34823 7337 73 , , , 34823 7337 74 " " '' 34823 7337 75 518 518 CD 34823 7337 76 - - HYPH 34823 7337 77 20 20 CD 34823 7337 78 . . . 34823 7338 1 Monism monism NN 34823 7338 2 , , , 34823 7338 3 unsatisfactory unsatisfactory JJ 34823 7338 4 metaphysics metaphysic NNS 34823 7338 5 for for IN 34823 7338 6 social social JJ 34823 7338 7 sciences sciences NNPS 34823 7338 8 , , , 34823 7338 9 571 571 CD 34823 7338 10 - - SYM 34823 7338 11 72 72 CD 34823 7338 12 . . . 34823 7339 1 Moore Moore NNP 34823 7339 2 , , , 34823 7339 3 H. H. NNP 34823 7339 4 L. L. NNP 34823 7339 5 , , , 34823 7339 6 237 237 CD 34823 7339 7 , , , 34823 7339 8 n. n. NNP 34823 7339 9 , , , 34823 7339 10 238 238 CD 34823 7339 11 , , , 34823 7339 12 n. n. NNP 34823 7339 13 , , , 34823 7339 14 574 574 CD 34823 7339 15 . . . 34823 7340 1 Morality morality NN 34823 7340 2 , , , 34823 7340 3 theories theory NNS 34823 7340 4 of of IN 34823 7340 5 , , , 34823 7340 6 22 22 CD 34823 7340 7 - - SYM 34823 7340 8 23 23 CD 34823 7340 9 . . . 34823 7341 1 Moral moral JJ 34823 7341 2 values value NNS 34823 7341 3 , , , 34823 7341 4 22 22 CD 34823 7341 5 - - SYM 34823 7341 6 29 29 CD 34823 7341 7 , , , 34823 7341 8 40 40 CD 34823 7341 9 , , , 34823 7341 10 137 137 CD 34823 7341 11 - - SYM 34823 7341 12 38 38 CD 34823 7341 13 , , , 34823 7341 14 480 480 CD 34823 7341 15 , , , 34823 7341 16 562 562 CD 34823 7341 17 , , , 34823 7341 18 n. n. NN 34823 7341 19 , , , 34823 7341 20 567 567 CD 34823 7341 21 - - SYM 34823 7341 22 69 69 CD 34823 7341 23 , , , 34823 7341 24 582 582 CD 34823 7341 25 , , , 34823 7341 26 589 589 CD 34823 7341 27 . . . 34823 7342 1 Morgan Morgan NNP 34823 7342 2 , , , 34823 7342 3 J. J. NNP 34823 7342 4 P. P. NNP 34823 7342 5 , , , 34823 7342 6 140 140 CD 34823 7342 7 , , , 34823 7342 8 519 519 CD 34823 7342 9 , , , 34823 7342 10 n. n. NNP 34823 7342 11 , , , 34823 7342 12 577 577 CD 34823 7342 13 ; ; : 34823 7342 14 J. J. NNP 34823 7342 15 P. P. NNP 34823 7342 16 Morgan Morgan NNP 34823 7342 17 & & CC 34823 7342 18 Co. Co. NNP 34823 7342 19 , , , 34823 7342 20 343 343 CD 34823 7342 21 - - SYM 34823 7342 22 44 44 CD 34823 7342 23 , , , 34823 7342 24 375 375 CD 34823 7342 25 , , , 34823 7342 26 515 515 CD 34823 7342 27 , , , 34823 7342 28 n. n. NNP 34823 7342 29 " " `` 34823 7342 30 Morning morning NN 34823 7342 31 loans loan NNS 34823 7342 32 , , , 34823 7342 33 " " '' 34823 7342 34 376 376 CD 34823 7342 35 , , , 34823 7342 36 377 377 CD 34823 7342 37 , , , 34823 7342 38 509 509 CD 34823 7342 39 , , , 34823 7342 40 510 510 CD 34823 7342 41 . . . 34823 7343 1 See see VB 34823 7343 2 " " `` 34823 7343 3 OVERCERTIFICATIONS overcertifications NN 34823 7343 4 . . . 34823 7343 5 " " '' 34823 7344 1 N N NNP 34823 7344 2 National national JJ 34823 7344 3 banks bank NNS 34823 7344 4 , , , 34823 7344 5 234 234 CD 34823 7344 6 , , , 34823 7344 7 338 338 CD 34823 7344 8 , , , 34823 7344 9 342 342 CD 34823 7344 10 , , , 34823 7344 11 n. n. NN 34823 7344 12 , , , 34823 7344 13 343 343 CD 34823 7344 14 , , , 34823 7344 15 345 345 CD 34823 7344 16 , , , 34823 7344 17 347 347 CD 34823 7344 18 , , , 34823 7344 19 355 355 CD 34823 7344 20 , , , 34823 7344 21 n. n. NNP 34823 7344 22 , , , 34823 7344 23 359 359 CD 34823 7344 24 , , , 34823 7344 25 375 375 CD 34823 7344 26 , , , 34823 7344 27 498 498 CD 34823 7344 28 - - SYM 34823 7344 29 99 99 CD 34823 7344 30 , , , 34823 7344 31 502 502 CD 34823 7344 32 - - HYPH 34823 7344 33 03 03 CD 34823 7344 34 . . . 34823 7345 1 National National NNP 34823 7345 2 City City NNP 34823 7345 3 Bank Bank NNP 34823 7345 4 , , , 34823 7345 5 375 375 CD 34823 7345 6 , , , 34823 7345 7 521 521 CD 34823 7345 8 , , , 34823 7345 9 n. n. NNP 34823 7345 10 , , , 34823 7345 11 540 540 CD 34823 7345 12 , , , 34823 7345 13 n. n. NN 34823 7345 14 Negative negative JJ 34823 7345 15 values value NNS 34823 7345 16 , , , 34823 7345 17 as as IN 34823 7345 18 " " `` 34823 7345 19 real real JJ 34823 7345 20 costs cost NNS 34823 7345 21 , , , 34823 7345 22 " " '' 34823 7345 23 71 71 CD 34823 7345 24 , , , 34823 7345 25 n. n. NN 34823 7345 26 New New NNP 34823 7345 27 York York NNP 34823 7345 28 City City NNP 34823 7345 29 , , , 34823 7345 30 233 233 CD 34823 7345 31 - - SYM 34823 7345 32 35 35 CD 34823 7345 33 , , , 34823 7345 34 259 259 CD 34823 7345 35 , , , 34823 7345 36 259 259 CD 34823 7345 37 , , , 34823 7345 38 n. n. NNP 34823 7345 39 , , , 34823 7345 40 340ff 340ff NNP 34823 7345 41 . . NNP 34823 7345 42 , , , 34823 7345 43 383 383 CD 34823 7345 44 , , , 34823 7345 45 392 392 CD 34823 7345 46 , , , 34823 7345 47 430 430 CD 34823 7345 48 - - SYM 34823 7345 49 31 31 CD 34823 7345 50 , , , 34823 7345 51 439 439 CD 34823 7345 52 , , , 34823 7345 53 n. n. NNP 34823 7345 54 , , , 34823 7345 55 502 502 CD 34823 7345 56 , , , 34823 7345 57 503 503 CD 34823 7345 58 , , , 34823 7345 59 506 506 CD 34823 7345 60 , , , 34823 7345 61 511 511 CD 34823 7345 62 , , , 34823 7345 63 514 514 CD 34823 7345 64 - - SYM 34823 7345 65 16 16 CD 34823 7345 66 , , , 34823 7345 67 520 520 CD 34823 7345 68 , , , 34823 7345 69 541 541 CD 34823 7345 70 - - SYM 34823 7345 71 42 42 CD 34823 7345 72 ; ; : 34823 7345 73 as as IN 34823 7345 74 " " `` 34823 7345 75 clearing clearing NNP 34823 7345 76 house house NN 34823 7345 77 " " '' 34823 7345 78 for for IN 34823 7345 79 country country NN 34823 7345 80 , , , 34823 7345 81 236 236 CD 34823 7345 82 , , , 34823 7345 83 353ff 353ff NNP 34823 7345 84 . . . 34823 7346 1 ; ; : 34823 7346 2 contrasted contrast VBN 34823 7346 3 with with IN 34823 7346 4 London London NNP 34823 7346 5 , , , 34823 7346 6 541 541 CD 34823 7346 7 - - SYM 34823 7346 8 42 42 CD 34823 7346 9 ; ; : 34823 7346 10 " " `` 34823 7346 11 deposits deposit NNS 34823 7346 12 " " '' 34823 7346 13 in in IN 34823 7346 14 , , , 34823 7346 15 233 233 CD 34823 7346 16 , , , 34823 7346 17 340ff 340ff JJ 34823 7346 18 . . . 34823 7346 19 , , , 34823 7346 20 392 392 CD 34823 7346 21 , , , 34823 7346 22 515 515 CD 34823 7346 23 ; ; : 34823 7346 24 " " `` 34823 7346 25 all all DT 34823 7346 26 other other JJ 34823 7346 27 deposits deposit NNS 34823 7346 28 " " '' 34823 7346 29 in in IN 34823 7346 30 , , , 34823 7346 31 235 235 CD 34823 7346 32 - - SYM 34823 7346 33 37 37 CD 34823 7346 34 ; ; : 34823 7346 35 Cotton Cotton NNP 34823 7346 36 Exchange Exchange NNP 34823 7346 37 , , , 34823 7346 38 252 252 CD 34823 7346 39 , , , 34823 7346 40 503 503 CD 34823 7346 41 , , , 34823 7346 42 541 541 CD 34823 7346 43 ; ; : 34823 7346 44 Coffee Coffee NNP 34823 7346 45 Exchange Exchange NNP 34823 7346 46 , , , 34823 7346 47 252 252 CD 34823 7346 48 , , , 34823 7346 49 268 268 CD 34823 7346 50 , , , 34823 7346 51 503 503 CD 34823 7346 52 , , , 34823 7346 53 541 541 CD 34823 7346 54 ; ; : 34823 7346 55 Stock Stock NNP 34823 7346 56 Exchange Exchange NNP 34823 7346 57 . . . 34823 7347 1 See see VB 34823 7347 2 STOCK STOCK NNP 34823 7347 3 EXCHANGE EXCHANGE NNP 34823 7347 4 . . . 34823 7348 1 Money money NN 34823 7348 2 market market NN 34823 7348 3 . . . 34823 7349 1 See see VB 34823 7349 2 MONEY money NN 34823 7349 3 MARKET market NN 34823 7349 4 . . . 34823 7350 1 Clearings clearing NNS 34823 7350 2 . . . 34823 7351 1 See see VB 34823 7351 2 CLEARINGS clearing NNS 34823 7351 3 . . . 34823 7352 1 Newcomb Newcomb NNP 34823 7352 2 , , , 34823 7352 3 Simon Simon NNP 34823 7352 4 , , , 34823 7352 5 156 156 CD 34823 7352 6 . . . 34823 7353 1 Nicholson Nicholson NNP 34823 7353 2 , , , 34823 7353 3 J. J. NNP 34823 7353 4 S. S. NNP 34823 7353 5 , , , 34823 7353 6 81 81 CD 34823 7353 7 - - SYM 34823 7353 8 82 82 CD 34823 7353 9 , , , 34823 7353 10 124 124 CD 34823 7353 11 , , , 34823 7353 12 129 129 CD 34823 7353 13 - - SYM 34823 7353 14 32 32 CD 34823 7353 15 , , , 34823 7353 16 134 134 CD 34823 7353 17 , , , 34823 7353 18 151 151 CD 34823 7353 19 , , , 34823 7353 20 167 167 CD 34823 7353 21 , , , 34823 7353 22 325 325 CD 34823 7353 23 - - SYM 34823 7353 24 29 29 CD 34823 7353 25 . . . 34823 7354 1 " " `` 34823 7354 2 Nominalism nominalism NN 34823 7354 3 " " '' 34823 7354 4 in in IN 34823 7354 5 monetary monetary JJ 34823 7354 6 theory theory NN 34823 7354 7 , , , 34823 7354 8 433 433 CD 34823 7354 9 , , , 34823 7354 10 n. n. NNP 34823 7354 11 , , , 34823 7354 12 ff ff NNP 34823 7354 13 . . . 34823 7355 1 See see VB 34823 7355 2 _ _ NNP 34823 7355 3 Staatliche Staatliche NNP 34823 7355 4 Theorie Theorie NNP 34823 7355 5 _ _ NNP 34823 7355 6 . . . 34823 7356 1 " " `` 34823 7356 2 Normal normal JJ 34823 7356 3 tendency tendency NN 34823 7356 4 , , , 34823 7356 5 " " '' 34823 7356 6 176 176 CD 34823 7356 7 , , , 34823 7356 8 218 218 CD 34823 7356 9 , , , 34823 7356 10 254 254 CD 34823 7356 11 , , , 34823 7356 12 262 262 CD 34823 7356 13 - - SYM 34823 7356 14 66 66 CD 34823 7356 15 , , , 34823 7356 16 293 293 CD 34823 7356 17 , , , 34823 7356 18 298 298 CD 34823 7356 19 - - SYM 34823 7356 20 99 99 CD 34823 7356 21 , , , 34823 7356 22 315 315 CD 34823 7356 23 , , , 34823 7356 24 392 392 CD 34823 7356 25 - - SYM 34823 7356 26 93 93 CD 34823 7356 27 , , , 34823 7356 28 395 395 CD 34823 7356 29 , , , 34823 7356 30 536ff 536ff CD 34823 7356 31 . . . 34823 7357 1 ; ; : 34823 7357 2 " " `` 34823 7357 3 normal normal JJ 34823 7357 4 _ _ NNP 34823 7357 5 vs. vs. IN 34823 7357 6 _ _ NNP 34823 7357 7 transitional transitional NN 34823 7357 8 . . . 34823 7357 9 " " '' 34823 7358 1 See see VB 34823 7358 2 " " `` 34823 7358 3 TRANSITION transition NN 34823 7358 4 PERIODS periods NN 34823 7358 5 , , , 34823 7358 6 " " `` 34823 7358 7 STATICS statics NN 34823 7358 8 , , , 34823 7358 9 DYNAMICS DYNAMICS NNP 34823 7358 10 . . . 34823 7359 1 Norton Norton NNP 34823 7359 2 , , , 34823 7359 3 J. J. NNP 34823 7359 4 P. P. NNP 34823 7359 5 , , , 34823 7359 6 179 179 CD 34823 7359 7 , , , 34823 7359 8 n. n. NNP 34823 7359 9 , , , 34823 7359 10 287 287 CD 34823 7359 11 , , , 34823 7359 12 n. n. NN 34823 7359 13 Note note NN 34823 7359 14 - - HYPH 34823 7359 15 brokers broker NNS 34823 7359 16 , , , 34823 7359 17 496 496 CD 34823 7359 18 - - SYM 34823 7359 19 97 97 CD 34823 7359 20 , , , 34823 7359 21 499 499 CD 34823 7359 22 . . . 34823 7360 1 O o UH 34823 7360 2 " " `` 34823 7360 3 Odd odd JJ 34823 7360 4 lot lot NN 34823 7360 5 " " '' 34823 7360 6 dealings dealing NNS 34823 7360 7 in in IN 34823 7360 8 securities security NNS 34823 7360 9 , , , 34823 7360 10 249 249 CD 34823 7360 11 , , , 34823 7360 12 370 370 CD 34823 7360 13 . . . 34823 7361 1 " " `` 34823 7361 2 One one CD 34823 7361 3 house house NN 34823 7361 4 bonds bond NNS 34823 7361 5 , , , 34823 7361 6 " " '' 34823 7361 7 147 147 CD 34823 7361 8 . . . 34823 7362 1 Origin origin NN 34823 7362 2 of of IN 34823 7362 3 money money NN 34823 7362 4 , , , 34823 7362 5 394 394 CD 34823 7362 6 , , , 34823 7362 7 Ch Ch NNP 34823 7362 8 . . . 34823 7363 1 XXI XXI NNP 34823 7363 2 . . . 34823 7364 1 Ornament ornament JJ 34823 7364 2 , , , 34823 7364 3 and and CC 34823 7364 4 origin origin NN 34823 7364 5 of of IN 34823 7364 6 money money NN 34823 7364 7 , , , 34823 7364 8 408ff 408ff NN 34823 7364 9 . . . 34823 7365 1 Orthodox orthodox JJ 34823 7365 2 economist economist NN 34823 7365 3 , , , 34823 7365 4 258 258 CD 34823 7365 5 , , , 34823 7365 6 549 549 CD 34823 7365 7 , , , 34823 7365 8 560 560 CD 34823 7365 9 . . . 34823 7366 1 " " `` 34823 7366 2 Other other JJ 34823 7366 3 collateral collateral JJ 34823 7366 4 security security NN 34823 7366 5 , , , 34823 7366 6 " " '' 34823 7366 7 analyzed analyze VBN 34823 7366 8 , , , 34823 7366 9 502ff 502ff NN 34823 7366 10 . . . 34823 7367 1 " " `` 34823 7367 2 Other other JJ 34823 7367 3 loans loan NNS 34823 7367 4 and and CC 34823 7367 5 discounts discount NNS 34823 7367 6 , , , 34823 7367 7 " " '' 34823 7367 8 analyzed analyze VBN 34823 7367 9 , , , 34823 7367 10 500ff 500ff NNP 34823 7367 11 . . . 34823 7368 1 " " `` 34823 7368 2 Overcertification overcertification NN 34823 7368 3 , , , 34823 7368 4 " " '' 34823 7368 5 200 200 CD 34823 7368 6 , , , 34823 7368 7 376 376 CD 34823 7368 8 , , , 34823 7368 9 509 509 CD 34823 7368 10 , , , 34823 7368 11 510 510 CD 34823 7368 12 . . . 34823 7369 1 See see VB 34823 7369 2 " " `` 34823 7369 3 MORNING morning NN 34823 7369 4 LOANS loan NNS 34823 7369 5 . . . 34823 7369 6 " " '' 34823 7370 1 Overcounting overcounting NN 34823 7370 2 in in IN 34823 7370 3 estimates estimate NNS 34823 7370 4 of of IN 34823 7370 5 volume volume NN 34823 7370 6 of of IN 34823 7370 7 trade trade NN 34823 7370 8 , , , 34823 7370 9 168 168 CD 34823 7370 10 , , , 34823 7370 11 n. n. NNP 34823 7370 12 , , , 34823 7370 13 200 200 CD 34823 7370 14 , , , 34823 7370 15 n. n. NNP 34823 7370 16 , , , 34823 7370 17 230 230 CD 34823 7370 18 , , , 34823 7370 19 243 243 CD 34823 7370 20 - - SYM 34823 7370 21 45 45 CD 34823 7370 22 , , , 34823 7370 23 247 247 CD 34823 7370 24 , , , 34823 7370 25 n. n. NNP 34823 7370 26 , , , 34823 7370 27 255 255 CD 34823 7370 28 , , , 34823 7370 29 339 339 CD 34823 7370 30 - - SYM 34823 7370 31 40 40 CD 34823 7370 32 , , , 34823 7370 33 364 364 CD 34823 7370 34 - - SYM 34823 7370 35 81 81 CD 34823 7370 36 . . . 34823 7371 1 See see VB 34823 7371 2 UNDERCOUNTING UNDERCOUNTING NNP 34823 7371 3 . . . 34823 7372 1 Overproduction overproduction NN 34823 7372 2 , , , 34823 7372 3 258 258 CD 34823 7372 4 , , , 34823 7372 5 550 550 CD 34823 7372 6 . . . 34823 7373 1 " " `` 34823 7373 2 Over over IN 34823 7373 3 the the DT 34823 7373 4 counter counter NN 34823 7373 5 " " `` 34823 7373 6 dealings dealing NNS 34823 7373 7 in in IN 34823 7373 8 securities security NNS 34823 7373 9 , , , 34823 7373 10 249 249 CD 34823 7373 11 , , , 34823 7373 12 370 370 CD 34823 7373 13 . . . 34823 7374 1 P P NNP 34823 7374 2 Panics Panics NNPS 34823 7374 3 , , , 34823 7374 4 174 174 CD 34823 7374 5 , , , 34823 7374 6 273 273 CD 34823 7374 7 , , , 34823 7374 8 435 435 CD 34823 7374 9 , , , 34823 7374 10 446 446 CD 34823 7374 11 , , , 34823 7374 12 448 448 CD 34823 7374 13 , , , 34823 7374 14 520 520 CD 34823 7374 15 , , , 34823 7374 16 548 548 CD 34823 7374 17 - - SYM 34823 7374 18 49 49 CD 34823 7374 19 , , , 34823 7374 20 555 555 CD 34823 7374 21 . . . 34823 7375 1 See see VB 34823 7375 2 CRISES crisis NNS 34823 7375 3 , , , 34823 7375 4 BUSINESS business NN 34823 7375 5 CYCLES cycle VBD 34823 7375 6 . . . 34823 7376 1 Paper paper NN 34823 7376 2 money money NN 34823 7376 3 , , , 34823 7376 4 143 143 CD 34823 7376 5 , , , 34823 7376 6 150 150 CD 34823 7376 7 , , , 34823 7376 8 151 151 CD 34823 7376 9 , , , 34823 7376 10 418 418 CD 34823 7376 11 , , , 34823 7376 12 421 421 CD 34823 7376 13 , , , 34823 7376 14 473 473 CD 34823 7376 15 , , , 34823 7376 16 495 495 CD 34823 7376 17 , , , 34823 7376 18 496 496 CD 34823 7376 19 , , , 34823 7376 20 538 538 CD 34823 7376 21 ; ; : 34823 7376 22 inconvertible inconvertible JJ 34823 7376 23 , , , 34823 7376 24 57 57 CD 34823 7376 25 , , , 34823 7376 26 84 84 CD 34823 7376 27 , , , 34823 7376 28 108 108 CD 34823 7376 29 , , , 34823 7376 30 132 132 CD 34823 7376 31 , , , 34823 7376 32 134 134 CD 34823 7376 33 , , , 34823 7376 34 136 136 CD 34823 7376 35 , , , 34823 7376 36 140 140 CD 34823 7376 37 , , , 34823 7376 38 n. n. NNP 34823 7376 39 , , , 34823 7376 40 141 141 CD 34823 7376 41 , , , 34823 7376 42 321 321 CD 34823 7376 43 - - SYM 34823 7376 44 23 23 CD 34823 7376 45 , , , 34823 7376 46 391 391 CD 34823 7376 47 ; ; : 34823 7376 48 credit credit NN 34823 7376 49 theory theory NN 34823 7376 50 of of IN 34823 7376 51 , , , 34823 7376 52 141 141 CD 34823 7376 53 , , , 34823 7376 54 146 146 CD 34823 7376 55 . . . 34823 7377 1 See see VB 34823 7377 2 GREENBACKS greenback NNS 34823 7377 3 , , , 34823 7377 4 AUSTRIA AUSTRIA NNP 34823 7377 5 . . . 34823 7378 1 Parasitic parasitic JJ 34823 7378 2 occupations occupation NNS 34823 7378 3 , , , 34823 7378 4 482 482 CD 34823 7378 5 ; ; : 34823 7378 6 gold gold NN 34823 7378 7 mining mining NN 34823 7378 8 as as IN 34823 7378 9 , , , 34823 7378 10 262 262 CD 34823 7378 11 , , , 34823 7378 12 n. n. NN 34823 7378 13 ; ; : 34823 7378 14 American american JJ 34823 7378 15 banking banking NN 34823 7378 16 as as IN 34823 7378 17 , , , 34823 7378 18 527 527 CD 34823 7378 19 . . . 34823 7379 1 Patten patten VB 34823 7379 2 , , , 34823 7379 3 S. S. NNP 34823 7379 4 N. N. NNP 34823 7379 5 , , , 34823 7379 6 558 558 CD 34823 7379 7 , , , 34823 7379 8 n. n. NN 34823 7379 9 Paulsen Paulsen NNP 34823 7379 10 , , , 34823 7379 11 F. F. NNP 34823 7379 12 , , , 34823 7379 13 22 22 CD 34823 7379 14 . . . 34823 7380 1 Payments payment NNS 34823 7380 2 , , , 34823 7380 3 177 177 CD 34823 7380 4 - - SYM 34823 7380 5 78 78 CD 34823 7380 6 , , , 34823 7380 7 338 338 CD 34823 7380 8 , , , 34823 7380 9 367 367 CD 34823 7380 10 , , , 34823 7380 11 n. n. NN 34823 7380 12 ; ; : 34823 7380 13 proportions proportion NNS 34823 7380 14 of of IN 34823 7380 15 money money NN 34823 7380 16 and and CC 34823 7380 17 checks check NNS 34823 7380 18 in in IN 34823 7380 19 , , , 34823 7380 20 174 174 CD 34823 7380 21 , , , 34823 7380 22 338 338 CD 34823 7380 23 , , , 34823 7380 24 383 383 CD 34823 7380 25 , , , 34823 7380 26 447 447 CD 34823 7380 27 , , , 34823 7380 28 449 449 CD 34823 7380 29 , , , 34823 7380 30 463 463 CD 34823 7380 31 ; ; : 34823 7380 32 wage wage NN 34823 7380 33 , , , 34823 7380 34 174 174 CD 34823 7380 35 , , , 34823 7380 36 531 531 CD 34823 7380 37 ; ; : 34823 7380 38 relation relation NN 34823 7380 39 of of IN 34823 7380 40 , , , 34823 7380 41 to to IN 34823 7380 42 volume volume NN 34823 7380 43 of of IN 34823 7380 44 trade trade NN 34823 7380 45 . . . 34823 7381 1 See see VB 34823 7381 2 OVERCOUNTING OVERCOUNTING NNP 34823 7381 3 , , , 34823 7381 4 UNDERCOUNTING UNDERCOUNTING NNP 34823 7381 5 , , , 34823 7381 6 BARTER BARTER NNP 34823 7381 7 . . . 34823 7382 1 Pay pay NN 34823 7382 2 rolls roll NNS 34823 7382 3 , , , 34823 7382 4 money money NN 34823 7382 5 for for IN 34823 7382 6 , , , 34823 7382 7 174 174 CD 34823 7382 8 , , , 34823 7382 9 349 349 CD 34823 7382 10 . . . 34823 7383 1 Pearson Pearson NNP 34823 7383 2 , , , 34823 7383 3 Karl Karl NNP 34823 7383 4 , , , 34823 7383 5 237 237 CD 34823 7383 6 , , , 34823 7383 7 n. n. NNP 34823 7383 8 Perry Perry NNP 34823 7383 9 , , , 34823 7383 10 R. R. NNP 34823 7383 11 B. B. NNP 34823 7383 12 , , , 34823 7383 13 3 3 CD 34823 7383 14 , , , 34823 7383 15 n. n. NNP 34823 7383 16 , , , 34823 7383 17 16 16 CD 34823 7383 18 , , , 34823 7383 19 n. n. NNP 34823 7383 20 , , , 34823 7383 21 21 21 CD 34823 7383 22 , , , 34823 7383 23 n. n. NNP 34823 7383 24 , , , 34823 7383 25 25 25 CD 34823 7383 26 , , , 34823 7383 27 n. n. NNP 34823 7383 28 , , , 34823 7383 29 97 97 CD 34823 7383 30 , , , 34823 7383 31 n. n. NN 34823 7383 32 , , , 34823 7383 33 117 117 CD 34823 7383 34 , , , 34823 7383 35 n. n. NNP 34823 7383 36 , , , 34823 7383 37 118 118 CD 34823 7383 38 , , , 34823 7383 39 n. n. NNP 34823 7383 40 , , , 34823 7383 41 119 119 CD 34823 7383 42 , , , 34823 7383 43 n. n. NNP 34823 7383 44 Persons Persons NNP 34823 7383 45 , , , 34823 7383 46 W. W. NNP 34823 7383 47 M. M. NNP 34823 7383 48 , , , 34823 7383 49 241 241 CD 34823 7383 50 , , , 34823 7383 51 n. n. NNP 34823 7383 52 , , , 34823 7383 53 276 276 CD 34823 7383 54 , , , 34823 7383 55 n. n. NNP 34823 7383 56 Phillips Phillips NNP 34823 7383 57 , , , 34823 7383 58 C. C. NNP 34823 7383 59 A. A. NNP 34823 7383 60 , , , 34823 7383 61 174 174 CD 34823 7383 62 , , , 34823 7383 63 n. n. NNP 34823 7383 64 Phillips Phillips NNP 34823 7383 65 , , , 34823 7383 66 Osmund Osmund NNP 34823 7383 67 , , , 34823 7383 68 272 272 CD 34823 7383 69 , , , 34823 7383 70 n. n. NNP 34823 7383 71 , , , 34823 7383 72 353 353 CD 34823 7383 73 , , , 34823 7383 74 n. n. NNP 34823 7383 75 , , , 34823 7383 76 354 354 CD 34823 7383 77 , , , 34823 7383 78 n. n. JJ 34823 7383 79 Physiographic physiographic JJ 34823 7383 80 factors factor NNS 34823 7383 81 in in IN 34823 7383 82 social social JJ 34823 7383 83 life life NN 34823 7383 84 , , , 34823 7383 85 571 571 CD 34823 7383 86 - - SYM 34823 7383 87 73 73 CD 34823 7383 88 , , , 34823 7383 89 574 574 CD 34823 7383 90 , , , 34823 7383 91 590 590 CD 34823 7383 92 . . . 34823 7384 1 Pierson Pierson NNP 34823 7384 2 , , , 34823 7384 3 N. N. NNP 34823 7384 4 G. G. NNP 34823 7384 5 , , , 34823 7384 6 221 221 CD 34823 7384 7 , , , 34823 7384 8 n. n. NNP 34823 7384 9 Pittsburg Pittsburg NNP 34823 7384 10 , , , 34823 7384 11 " " `` 34823 7384 12 deposits deposit NNS 34823 7384 13 " " '' 34823 7384 14 in in IN 34823 7384 15 , , , 34823 7384 16 245 245 CD 34823 7384 17 - - SYM 34823 7384 18 46 46 CD 34823 7384 19 . . . 34823 7385 1 " " `` 34823 7385 2 Platform platform NN 34823 7385 3 " " '' 34823 7385 4 of of IN 34823 7385 5 quantity quantity NN 34823 7385 6 theorists theorist NNS 34823 7385 7 , , , 34823 7385 8 155 155 CD 34823 7385 9 . . . 34823 7386 1 Poker poker NN 34823 7386 2 chips chip NNS 34823 7386 3 , , , 34823 7386 4 132 132 CD 34823 7386 5 . . . 34823 7387 1 Pope Pope NNP 34823 7387 2 , , , 34823 7387 3 J. J. NNP 34823 7387 4 E. E. NNP 34823 7387 5 , , , 34823 7387 6 316 316 CD 34823 7387 7 , , , 34823 7387 8 317 317 CD 34823 7387 9 , , , 34823 7387 10 319 319 CD 34823 7387 11 , , , 34823 7387 12 n. n. NNP 34823 7387 13 , , , 34823 7387 14 502 502 CD 34823 7387 15 , , , 34823 7387 16 n. n. NNP 34823 7387 17 , , , 34823 7387 18 504 504 CD 34823 7387 19 , , , 34823 7387 20 n. n. NNP 34823 7387 21 , , , 34823 7387 22 505 505 CD 34823 7387 23 . . . 34823 7388 1 Populists populist NNS 34823 7388 2 , , , 34823 7388 3 and and CC 34823 7388 4 quantity quantity NN 34823 7388 5 theory theory NN 34823 7388 6 , , , 34823 7388 7 141 141 CD 34823 7388 8 . . . 34823 7389 1 Positive positive JJ 34823 7389 2 doctrine doctrine NN 34823 7389 3 , , , 34823 7389 4 in in IN 34823 7389 5 Parts Parts NNP 34823 7389 6 I -PRON- PRP 34823 7389 7 and and CC 34823 7389 8 II II NNP 34823 7389 9 , , , 34823 7389 10 summarized summarize VBN 34823 7389 11 , , , 34823 7389 12 Ch Ch NNP 34823 7389 13 . . . 34823 7390 1 XX XX NNP 34823 7390 2 . . . 34823 7391 1 " " `` 34823 7391 2 Power Power NNP 34823 7391 3 in in IN 34823 7391 4 exchange exchange NN 34823 7391 5 , , , 34823 7391 6 " " `` 34823 7391 7 9 9 CD 34823 7391 8 - - SYM 34823 7391 9 10 10 CD 34823 7391 10 , , , 34823 7391 11 388 388 CD 34823 7391 12 . . . 34823 7392 1 Pragmatism pragmatism NN 34823 7392 2 in in IN 34823 7392 3 economic economic JJ 34823 7392 4 theory theory NN 34823 7392 5 , , , 34823 7392 6 41 41 CD 34823 7392 7 - - SYM 34823 7392 8 42 42 CD 34823 7392 9 , , , 34823 7392 10 93 93 CD 34823 7392 11 , , , 34823 7392 12 96 96 CD 34823 7392 13 - - SYM 34823 7392 14 97 97 CD 34823 7392 15 , , , 34823 7392 16 98 98 CD 34823 7392 17 - - SYM 34823 7392 18 99 99 CD 34823 7392 19 , , , 34823 7392 20 553 553 CD 34823 7392 21 , , , 34823 7392 22 571 571 CD 34823 7392 23 - - SYM 34823 7392 24 72 72 CD 34823 7392 25 . . . 34823 7393 1 Pratt pratt RB 34823 7393 2 , , , 34823 7393 3 S. S. NNP 34823 7393 4 S. S. NNP 34823 7393 5 , , , 34823 7393 6 248 248 CD 34823 7393 7 , , , 34823 7393 8 n. n. NNP 34823 7393 9 , , , 34823 7393 10 251 251 NNP 34823 7393 11 , , , 34823 7393 12 n. n. NNP 34823 7393 13 , , , 34823 7393 14 252 252 CD 34823 7393 15 , , , 34823 7393 16 n. n. NNP 34823 7393 17 , , , 34823 7393 18 369 369 CD 34823 7393 19 , , , 34823 7393 20 370 370 CD 34823 7393 21 , , , 34823 7393 22 374 374 CD 34823 7393 23 , , , 34823 7393 24 476 476 CD 34823 7393 25 , , , 34823 7393 26 n. n. NN 34823 7393 27 Premium Premium NNP 34823 7393 28 , , , 34823 7393 29 146 146 CD 34823 7393 30 , , , 34823 7393 31 194 194 CD 34823 7393 32 , , , 34823 7393 33 322 322 CD 34823 7393 34 , , , 34823 7393 35 332 332 CD 34823 7393 36 , , , 34823 7393 37 390 390 CD 34823 7393 38 , , , 34823 7393 39 442 442 CD 34823 7393 40 - - SYM 34823 7393 41 50 50 CD 34823 7393 42 , , , 34823 7393 43 471 471 CD 34823 7393 44 . . . 34823 7394 1 See see VB 34823 7394 2 AGIO AGIO NNP 34823 7394 3 . . . 34823 7395 1 Gold gold NN 34823 7395 2 , , , 34823 7395 3 _ _ NNP 34823 7395 4 vs. vs. IN 34823 7395 5 _ _ NNP 34823 7395 6 general general JJ 34823 7395 7 price price NN 34823 7395 8 level level NN 34823 7395 9 as as IN 34823 7395 10 index index NN 34823 7395 11 of of IN 34823 7395 12 value value NN 34823 7395 13 of of IN 34823 7395 14 money money NN 34823 7395 15 , , , 34823 7395 16 194 194 CD 34823 7395 17 . . . 34823 7396 1 Prestige Prestige NNP 34823 7396 2 as as IN 34823 7396 3 economic economic JJ 34823 7396 4 power power NN 34823 7396 5 , , , 34823 7396 6 33 33 CD 34823 7396 7 , , , 34823 7396 8 37 37 CD 34823 7396 9 , , , 34823 7396 10 41 41 CD 34823 7396 11 , , , 34823 7396 12 405 405 CD 34823 7396 13 , , , 34823 7396 14 409 409 CD 34823 7396 15 , , , 34823 7396 16 411 411 CD 34823 7396 17 , , , 34823 7396 18 438 438 CD 34823 7396 19 - - SYM 34823 7396 20 42 42 CD 34823 7396 21 , , , 34823 7396 22 463 463 CD 34823 7396 23 , , , 34823 7396 24 465 465 CD 34823 7396 25 - - SYM 34823 7396 26 66 66 CD 34823 7396 27 , , , 34823 7396 28 487 487 CD 34823 7396 29 , , , 34823 7396 30 489 489 CD 34823 7396 31 , , , 34823 7396 32 570 570 CD 34823 7396 33 ; ; : 34823 7396 34 prestige prestige NN 34823 7396 35 values value NNS 34823 7396 36 . . . 34823 7397 1 See see VB 34823 7397 2 VALUES values NN 34823 7397 3 . . . 34823 7398 1 Price price NN 34823 7398 2 , , , 34823 7398 3 Theodore Theodore NNP 34823 7398 4 , , , 34823 7398 5 222 222 CD 34823 7398 6 . . . 34823 7399 1 Price price NN 34823 7399 2 , , , 34823 7399 3 7ff 7ff NN 34823 7399 4 . . NNP 34823 7399 5 , , , 34823 7399 6 388 388 CD 34823 7399 7 , , , 34823 7399 8 440 440 CD 34823 7399 9 , , , 34823 7399 10 n. n. NN 34823 7399 11 ; ; : 34823 7399 12 and and CC 34823 7399 13 value value NN 34823 7399 14 , , , 34823 7399 15 8ff 8ff NNP 34823 7399 16 . . NNP 34823 7399 17 , , , 34823 7399 18 298 298 CD 34823 7399 19 . . . 34823 7400 1 See see VB 34823 7400 2 VALUE value NN 34823 7400 3 . . . 34823 7401 1 " " `` 34823 7401 2 Buying buying NN 34823 7401 3 price price NN 34823 7401 4 " " '' 34823 7401 5 _ _ NNP 34823 7401 6 vs. vs. IN 34823 7401 7 _ _ NNP 34823 7401 8 " " '' 34823 7401 9 selling selling NN 34823 7401 10 price price NN 34823 7401 11 , , , 34823 7401 12 " " '' 34823 7401 13 402 402 CD 34823 7401 14 - - HYPH 34823 7401 15 04 04 CD 34823 7401 16 , , , 34823 7401 17 406 406 CD 34823 7401 18 - - SYM 34823 7401 19 07 07 CD 34823 7401 20 , , , 34823 7401 21 476 476 CD 34823 7401 22 ; ; : 34823 7401 23 " " `` 34823 7401 24 just just JJ 34823 7401 25 price price NN 34823 7401 26 , , , 34823 7401 27 " " '' 34823 7401 28 24 24 CD 34823 7401 29 . . . 34823 7402 1 Price price NN 34823 7402 2 level level NN 34823 7402 3 , , , 34823 7402 4 56 56 CD 34823 7402 5 , , , 34823 7402 6 86 86 CD 34823 7402 7 , , , 34823 7402 8 87 87 CD 34823 7402 9 , , , 34823 7402 10 Ch Ch NNP 34823 7402 11 . . . 34823 7403 1 VI VI NNP 34823 7403 2 , , , 34823 7403 3 Ch Ch NNP 34823 7403 4 . . . 34823 7404 1 VIII VIII NNP 34823 7404 2 , , , 34823 7404 3 188 188 CD 34823 7404 4 - - SYM 34823 7404 5 89 89 CD 34823 7404 6 , , , 34823 7404 7 Ch Ch NNP 34823 7404 8 . . . 34823 7405 1 XV XV NNP 34823 7405 2 , , , 34823 7405 3 315 315 CD 34823 7405 4 - - SYM 34823 7405 5 17 17 CD 34823 7405 6 , , , 34823 7405 7 328 328 CD 34823 7405 8 , , , 34823 7405 9 381 381 CD 34823 7405 10 - - SYM 34823 7405 11 82 82 CD 34823 7405 12 , , , 34823 7405 13 388 388 CD 34823 7405 14 - - SYM 34823 7405 15 89 89 CD 34823 7405 16 , , , 34823 7405 17 416 416 CD 34823 7405 18 , , , 34823 7405 19 416 416 CD 34823 7405 20 , , , 34823 7405 21 n. n. NNP 34823 7405 22 , , , 34823 7405 23 456 456 CD 34823 7405 24 , , , 34823 7405 25 520 520 CD 34823 7405 26 - - SYM 34823 7405 27 23 23 CD 34823 7405 28 ; ; : 34823 7405 29 relation relation NN 34823 7405 30 of of IN 34823 7405 31 , , , 34823 7405 32 to to IN 34823 7405 33 particular particular JJ 34823 7405 34 prices price NNS 34823 7405 35 , , , 34823 7405 36 156 156 CD 34823 7405 37 , , , 34823 7405 38 183 183 CD 34823 7405 39 , , , 34823 7405 40 295 295 CD 34823 7405 41 , , , 34823 7405 42 311 311 CD 34823 7405 43 - - SYM 34823 7405 44 12 12 CD 34823 7405 45 , , , 34823 7405 46 315 315 CD 34823 7405 47 - - SYM 34823 7405 48 17 17 CD 34823 7405 49 , , , 34823 7405 50 388 388 CD 34823 7405 51 - - SYM 34823 7405 52 89 89 CD 34823 7405 53 ; ; : 34823 7405 54 _ _ NNP 34823 7405 55 weighted weight VBD 34823 7405 56 _ _ NNP 34823 7405 57 average average NN 34823 7405 58 , , , 34823 7405 59 tied tie VBN 34823 7405 60 to to IN 34823 7405 61 T T NNP 34823 7405 62 , , , 34823 7405 63 163ff 163ff NNP 34823 7405 64 . . NNP 34823 7405 65 , , , 34823 7405 66 363 363 CD 34823 7405 67 , , , 34823 7405 68 381 381 CD 34823 7405 69 - - SYM 34823 7405 70 82 82 CD 34823 7405 71 ; ; : 34823 7405 72 supposed suppose VBD 34823 7405 73 " " `` 34823 7405 74 passiveness passiveness RB 34823 7405 75 " " '' 34823 7405 76 of of IN 34823 7405 77 , , , 34823 7405 78 126 126 CD 34823 7405 79 , , , 34823 7405 80 186 186 CD 34823 7405 81 , , , 34823 7405 82 187 187 CD 34823 7405 83 , , , 34823 7405 84 192 192 CD 34823 7405 85 , , , 34823 7405 86 290 290 CD 34823 7405 87 , , , 34823 7405 88 Ch Ch NNP 34823 7405 89 . . . 34823 7406 1 XV XV NNP 34823 7406 2 , , , 34823 7406 3 389 389 CD 34823 7406 4 ; ; : 34823 7406 5 " " `` 34823 7406 6 reciprocal reciprocal JJ 34823 7406 7 of of IN 34823 7406 8 , , , 34823 7406 9 " " '' 34823 7406 10 _ _ NNP 34823 7406 11 vs. vs. IN 34823 7406 12 _ _ NNP 34823 7406 13 value value NN 34823 7406 14 of of IN 34823 7406 15 money money NN 34823 7406 16 . . . 34823 7407 1 See see VB 34823 7407 2 MONEY money NN 34823 7407 3 , , , 34823 7407 4 VALUE value NN 34823 7407 5 OF of IN 34823 7407 6 . . . 34823 7408 1 Price price NN 34823 7408 2 - - HYPH 34823 7408 3 theory theory NN 34823 7408 4 _ _ NNP 34823 7408 5 vs. vs. IN 34823 7408 6 _ _ NNP 34823 7408 7 value value NN 34823 7408 8 - - HYPH 34823 7408 9 theory theory NN 34823 7408 10 , , , 34823 7408 11 49 49 CD 34823 7408 12 , , , 34823 7408 13 78 78 CD 34823 7408 14 , , , 34823 7408 15 389 389 CD 34823 7408 16 , , , 34823 7408 17 558 558 CD 34823 7408 18 - - SYM 34823 7408 19 59 59 CD 34823 7408 20 , , , 34823 7408 21 570 570 CD 34823 7408 22 - - SYM 34823 7408 23 77 77 CD 34823 7408 24 , , , 34823 7408 25 589 589 CD 34823 7408 26 - - SYM 34823 7408 27 90 90 CD 34823 7408 28 . . . 34823 7409 1 See see VB 34823 7409 2 SUPPLY supply NN 34823 7409 3 AND and CC 34823 7409 4 DEMAND demand NN 34823 7409 5 , , , 34823 7409 6 COST COST NNS 34823 7409 7 OF of IN 34823 7409 8 PRODUCTION production NN 34823 7409 9 , , , 34823 7409 10 CAPITALIZATION CAPITALIZATION NNP 34823 7409 11 THEORY THEORY NNP 34823 7409 12 , , , 34823 7409 13 IMPUTATION imputation NN 34823 7409 14 THEORY THEORY NNP 34823 7409 15 . . . 34823 7410 1 Prices price NNS 34823 7410 2 , , , 34823 7410 3 concatenations concatenation NNS 34823 7410 4 of of IN 34823 7410 5 , , , 34823 7410 6 112 112 CD 34823 7410 7 - - SYM 34823 7410 8 13 13 CD 34823 7410 9 , , , 34823 7410 10 300 300 CD 34823 7410 11 , , , 34823 7410 12 310 310 CD 34823 7410 13 , , , 34823 7410 14 313 313 CD 34823 7410 15 - - SYM 34823 7410 16 14 14 CD 34823 7410 17 ; ; : 34823 7410 18 customary customary NN 34823 7410 19 , , , 34823 7410 20 144 144 CD 34823 7410 21 ; ; : 34823 7410 22 fluid fluid NN 34823 7410 23 , , , 34823 7410 24 143 143 CD 34823 7410 25 ; ; : 34823 7410 26 world world NN 34823 7410 27 prices price NNS 34823 7410 28 , , , 34823 7410 29 and and CC 34823 7410 30 gold gold NN 34823 7410 31 production production NN 34823 7410 32 , , , 34823 7410 33 Ch Ch NNP 34823 7410 34 . . . 34823 7411 1 XVIII xviii NN 34823 7411 2 . . . 34823 7412 1 Private private JJ 34823 7412 2 banks bank NNS 34823 7412 3 , , , 34823 7412 4 338 338 CD 34823 7412 5 , , , 34823 7412 6 343 343 CD 34823 7412 7 - - SYM 34823 7412 8 45 45 CD 34823 7412 9 , , , 34823 7412 10 348 348 CD 34823 7412 11 , , , 34823 7412 12 355 355 CD 34823 7412 13 , , , 34823 7412 14 n. n. NNP 34823 7412 15 , , , 34823 7412 16 357 357 CD 34823 7412 17 , , , 34823 7412 18 488 488 CD 34823 7412 19 , , , 34823 7412 20 498 498 CD 34823 7412 21 - - SYM 34823 7412 22 99 99 CD 34823 7412 23 , , , 34823 7412 24 514 514 CD 34823 7412 25 - - SYM 34823 7412 26 16 16 CD 34823 7412 27 , , , 34823 7412 28 527 527 CD 34823 7412 29 - - SYM 34823 7412 30 28 28 CD 34823 7412 31 , , , 34823 7412 32 531 531 CD 34823 7412 33 ; ; : 34823 7412 34 deposits deposit NNS 34823 7412 35 in in IN 34823 7412 36 , , , 34823 7412 37 in in IN 34823 7412 38 New New NNP 34823 7412 39 York York NNP 34823 7412 40 City City NNP 34823 7412 41 , , , 34823 7412 42 344 344 CD 34823 7412 43 , , , 34823 7412 44 515 515 CD 34823 7412 45 ; ; : 34823 7412 46 " " `` 34823 7412 47 deposits deposit NNS 34823 7412 48 " " '' 34823 7412 49 in in IN 34823 7412 50 , , , 34823 7412 51 in in IN 34823 7412 52 New New NNP 34823 7412 53 York York NNP 34823 7412 54 City City NNP 34823 7412 55 , , , 34823 7412 56 343 343 CD 34823 7412 57 - - SYM 34823 7412 58 45 45 CD 34823 7412 59 , , , 34823 7412 60 515 515 CD 34823 7412 61 - - SYM 34823 7412 62 16 16 CD 34823 7412 63 . . . 34823 7413 1 Produce produce NN 34823 7413 2 exchanges exchange NNS 34823 7413 3 , , , 34823 7413 4 200 200 CD 34823 7413 5 , , , 34823 7413 6 251ff 251ff NNP 34823 7413 7 . . NNP 34823 7413 8 , , , 34823 7413 9 406 406 CD 34823 7413 10 , , , 34823 7413 11 541 541 CD 34823 7413 12 . . . 34823 7414 1 See see VB 34823 7414 2 SPECULATION SPECULATION NNP 34823 7414 3 , , , 34823 7414 4 COMMODITY COMMODITY NNP 34823 7414 5 , , , 34823 7414 6 CHICAGO CHICAGO NNP 34823 7414 7 BOARD BOARD NNP 34823 7414 8 OF of IN 34823 7414 9 TRADE TRADE NNP 34823 7414 10 , , , 34823 7414 11 LONDON LONDON NNP 34823 7414 12 MONEY MONEY NNP 34823 7414 13 MARKET MARKET NNP 34823 7414 14 , , , 34823 7414 15 NEW NEW NNP 34823 7414 16 YORK YORK NNP 34823 7414 17 COTTON COTTON NNP 34823 7414 18 EXCHANGE EXCHANGE NNP 34823 7414 19 , , , 34823 7414 20 ETC ETC NNP 34823 7414 21 . . . 34823 7415 1 Production production NN 34823 7415 2 , , , 34823 7415 3 confused confuse VBD 34823 7415 4 with with IN 34823 7415 5 trade trade NN 34823 7415 6 . . . 34823 7416 1 See see VB 34823 7416 2 TRADE trade NN 34823 7416 3 . . . 34823 7417 1 Relation relation NN 34823 7417 2 of of IN 34823 7417 3 , , , 34823 7417 4 to to TO 34823 7417 5 trade trade NN 34823 7417 6 , , , 34823 7417 7 257ff 257ff NNP 34823 7417 8 . . NNP 34823 7417 9 , , , 34823 7417 10 269 269 CD 34823 7417 11 , , , 34823 7417 12 393 393 CD 34823 7417 13 ; ; : 34823 7417 14 exchange exchange NN 34823 7417 15 as as IN 34823 7417 16 . . . 34823 7418 1 See see VB 34823 7418 2 EXCHANGE EXCHANGE NNP 34823 7418 3 . . . 34823 7419 1 Factors factor NNS 34823 7419 2 of of IN 34823 7419 3 , , , 34823 7419 4 268 268 CD 34823 7419 5 , , , 34823 7419 6 481 481 CD 34823 7419 7 - - SYM 34823 7419 8 82 82 CD 34823 7419 9 ; ; : 34823 7419 10 index index NN 34823 7419 11 of of IN 34823 7419 12 , , , 34823 7419 13 278 278 CD 34823 7419 14 ; ; : 34823 7419 15 money money NN 34823 7419 16 as as IN 34823 7419 17 instrument instrument NN 34823 7419 18 of of IN 34823 7419 19 . . . 34823 7420 1 See see VB 34823 7420 2 MONEY money NN 34823 7420 3 . . . 34823 7421 1 " " `` 34823 7421 2 Productive Productive NNP 34823 7421 3 , , , 34823 7421 4 " " '' 34823 7421 5 meaning meaning NN 34823 7421 6 of of IN 34823 7421 7 , , , 34823 7421 8 257 257 CD 34823 7421 9 , , , 34823 7421 10 591 591 CD 34823 7421 11 . . . 34823 7422 1 Prosperity prosperity NN 34823 7422 2 , , , 34823 7422 3 theory theory NN 34823 7422 4 of of IN 34823 7422 5 , , , 34823 7422 6 262 262 CD 34823 7422 7 , , , 34823 7422 8 395 395 CD 34823 7422 9 , , , 34823 7422 10 548 548 CD 34823 7422 11 , , , 34823 7422 12 555 555 CD 34823 7422 13 , , , 34823 7422 14 556 556 CD 34823 7422 15 , , , 34823 7422 16 569 569 CD 34823 7422 17 , , , 34823 7422 18 573ff 573ff NNP 34823 7422 19 . . . 34823 7423 1 See see VB 34823 7423 2 STATICS STATICS NNP 34823 7423 3 , , , 34823 7423 4 DYNAMICS DYNAMICS NNP 34823 7423 5 . . . 34823 7424 1 Protective protective JJ 34823 7424 2 tariffs tariff NNS 34823 7424 3 , , , 34823 7424 4 550 550 CD 34823 7424 5 - - SYM 34823 7424 6 52 52 CD 34823 7424 7 , , , 34823 7424 8 553 553 CD 34823 7424 9 , , , 34823 7424 10 580 580 CD 34823 7424 11 - - SYM 34823 7424 12 81 81 CD 34823 7424 13 . . . 34823 7425 1 Pujo Pujo NNP 34823 7425 2 Committee Committee NNP 34823 7425 3 , , , 34823 7425 4 344 344 CD 34823 7425 5 , , , 34823 7425 6 373 373 CD 34823 7425 7 , , , 34823 7425 8 n. n. NNP 34823 7425 9 , , , 34823 7425 10 375 375 CD 34823 7425 11 , , , 34823 7425 12 491 491 CD 34823 7425 13 , , , 34823 7425 14 n. n. NNP 34823 7425 15 , , , 34823 7425 16 515 515 CD 34823 7425 17 , , , 34823 7425 18 n. n. NNP 34823 7425 19 , , , 34823 7425 20 518 518 CD 34823 7425 21 - - SYM 34823 7425 22 19 19 CD 34823 7425 23 . . . 34823 7426 1 " " `` 34823 7426 2 Purchasing purchasing NN 34823 7426 3 power power NN 34823 7426 4 , , , 34823 7426 5 " " `` 34823 7426 6 9 9 CD 34823 7426 7 - - SYM 34823 7426 8 10 10 CD 34823 7426 9 , , , 34823 7426 10 88 88 CD 34823 7426 11 , , , 34823 7426 12 98 98 CD 34823 7426 13 - - SYM 34823 7426 14 99 99 CD 34823 7426 15 , , , 34823 7426 16 484 484 CD 34823 7426 17 ; ; : 34823 7426 18 of of IN 34823 7426 19 money money NN 34823 7426 20 , , , 34823 7426 21 86 86 CD 34823 7426 22 , , , 34823 7426 23 88 88 CD 34823 7426 24 , , , 34823 7426 25 155 155 CD 34823 7426 26 - - SYM 34823 7426 27 56 56 CD 34823 7426 28 , , , 34823 7426 29 388 388 CD 34823 7426 30 , , , 34823 7426 31 583 583 CD 34823 7426 32 - - SYM 34823 7426 33 86 86 CD 34823 7426 34 . . . 34823 7427 1 Q Q NNP 34823 7427 2 Qualitative Qualitative NNP 34823 7427 3 _ _ NNP 34823 7427 4 vs. vs. IN 34823 7427 5 _ _ NNP 34823 7427 6 quantitative quantitative JJ 34823 7427 7 thinking thinking NN 34823 7427 8 , , , 34823 7427 9 191 191 CD 34823 7427 10 - - SYM 34823 7427 11 92 92 CD 34823 7427 12 , , , 34823 7427 13 195 195 CD 34823 7427 14 , , , 34823 7427 15 324 324 CD 34823 7427 16 , , , 34823 7427 17 433 433 CD 34823 7427 18 , , , 34823 7427 19 n. n. NNP 34823 7427 20 , , , 34823 7427 21 553 553 CD 34823 7427 22 , , , 34823 7427 23 586 586 CD 34823 7427 24 - - SYM 34823 7427 25 88 88 CD 34823 7427 26 , , , 34823 7427 27 590 590 CD 34823 7427 28 . . . 34823 7428 1 See see VB 34823 7428 2 JURISTIC JURISTIC NNP 34823 7428 3 _ _ NNP 34823 7428 4 vs. vs. IN 34823 7428 5 _ _ NNP 34823 7428 6 ECONOMIC ECONOMIC NNP 34823 7428 7 THINKING thinking NN 34823 7428 8 . . . 34823 7429 1 Quantity quantity NN 34823 7429 2 theory theory NN 34823 7429 3 , , , 34823 7429 4 42 42 CD 34823 7429 5 , , , 34823 7429 6 79 79 CD 34823 7429 7 , , , 34823 7429 8 81 81 CD 34823 7429 9 , , , 34823 7429 10 99 99 CD 34823 7429 11 , , , 34823 7429 12 110 110 CD 34823 7429 13 , , , 34823 7429 14 Pt Pt NNP 34823 7429 15 . . . 34823 7430 1 II II NNP 34823 7430 2 , , , 34823 7430 3 esp esp RB 34823 7430 4 . . . 34823 7431 1 Ch ch NN 34823 7431 2 . . . 34823 7432 1 XV XV NNP 34823 7432 2 , , , 34823 7432 3 435 435 CD 34823 7432 4 , , , 34823 7432 5 n. n. NNP 34823 7432 6 , , , 34823 7432 7 444 444 CD 34823 7432 8 , , , 34823 7432 9 n. n. NNP 34823 7432 10 , , , 34823 7432 11 448 448 CD 34823 7432 12 - - SYM 34823 7432 13 49 49 CD 34823 7432 14 , , , 34823 7432 15 478 478 CD 34823 7432 16 , , , 34823 7432 17 520 520 CD 34823 7432 18 - - SYM 34823 7432 19 23 23 CD 34823 7432 20 , , , 34823 7432 21 537ff 537ff NNP 34823 7432 22 . . NNP 34823 7432 23 , , , 34823 7432 24 550 550 CD 34823 7432 25 , , , 34823 7432 26 558 558 CD 34823 7432 27 , , , 34823 7432 28 n. n. NN 34823 7432 29 ; ; : 34823 7432 30 modicum modicum NN 34823 7432 31 of of IN 34823 7432 32 truth truth NN 34823 7432 33 in in IN 34823 7432 34 , , , 34823 7432 35 195 195 CD 34823 7432 36 , , , 34823 7432 37 330 330 CD 34823 7432 38 , , , 34823 7432 39 448 448 CD 34823 7432 40 - - SYM 34823 7432 41 49 49 CD 34823 7432 42 ; ; : 34823 7432 43 as as IN 34823 7432 44 basis basis NN 34823 7432 45 of of IN 34823 7432 46 prediction prediction NN 34823 7432 47 , , , 34823 7432 48 334 334 CD 34823 7432 49 - - SYM 34823 7432 50 35 35 CD 34823 7432 51 ; ; : 34823 7432 52 doctrine doctrine NN 34823 7432 53 of of IN 34823 7432 54 , , , 34823 7432 55 that that DT 34823 7432 56 quantity quantity NN 34823 7432 57 of of IN 34823 7432 58 money money NN 34823 7432 59 is be VBZ 34823 7432 60 of of IN 34823 7432 61 no no DT 34823 7432 62 importance importance NN 34823 7432 63 , , , 34823 7432 64 219 219 CD 34823 7432 65 , , , 34823 7432 66 219 219 CD 34823 7432 67 , , , 34823 7432 68 n. n. NN 34823 7432 69 , , , 34823 7432 70 Ch Ch NNP 34823 7432 71 . . . 34823 7433 1 XIII XIII NNP 34823 7433 2 , , , 34823 7433 3 _ _ NNP 34823 7433 4 passim passim NN 34823 7433 5 _ _ NNP 34823 7433 6 , , , 34823 7433 7 265 265 CD 34823 7433 8 , , , 34823 7433 9 391 391 CD 34823 7433 10 - - SYM 34823 7433 11 92 92 CD 34823 7433 12 ; ; : 34823 7433 13 conflicts conflict NNS 34823 7433 14 with with IN 34823 7433 15 other other JJ 34823 7433 16 theories theory NNS 34823 7433 17 , , , 34823 7433 18 see see VB 34823 7433 19 SUPPLY supply NN 34823 7433 20 AND and CC 34823 7433 21 DEMAND demand NN 34823 7433 22 , , , 34823 7433 23 COST COST NNS 34823 7433 24 OF of IN 34823 7433 25 PRODUCTION production NN 34823 7433 26 , , , 34823 7433 27 CAPITALIZATION CAPITALIZATION NNP 34823 7433 28 THEORY THEORY NNP 34823 7433 29 , , , 34823 7433 30 IMPUTATION imputation NN 34823 7433 31 THEORY THEORY NNP 34823 7433 32 , , , 34823 7433 33 GRESHAM GRESHAM NNP 34823 7433 34 'S 'S NNP 34823 7433 35 LAW law NN 34823 7433 36 . . . 34823 7434 1 " " `` 34823 7434 2 Long long JJ 34823 7434 3 run run VB 34823 7434 4 " " '' 34823 7434 5 _ _ NNP 34823 7434 6 vs. vs. IN 34823 7434 7 _ _ NNP 34823 7434 8 " " `` 34823 7434 9 short short JJ 34823 7434 10 run run NN 34823 7434 11 " " '' 34823 7434 12 versions version NNS 34823 7434 13 of of IN 34823 7434 14 , , , 34823 7434 15 170 170 CD 34823 7434 16 - - SYM 34823 7434 17 71 71 CD 34823 7434 18 , , , 34823 7434 19 188 188 CD 34823 7434 20 - - SYM 34823 7434 21 89 89 CD 34823 7434 22 , , , 34823 7434 23 192ff 192ff NN 34823 7434 24 . . . 34823 7434 25 , , , 34823 7434 26 262 262 CD 34823 7434 27 , , , 34823 7434 28 393 393 CD 34823 7434 29 ; ; : 34823 7434 30 not not RB 34823 7434 31 a a DT 34823 7434 32 functional functional JJ 34823 7434 33 theory theory NN 34823 7434 34 , , , 34823 7434 35 262 262 CD 34823 7434 36 - - SYM 34823 7434 37 66 66 CD 34823 7434 38 , , , 34823 7434 39 400 400 CD 34823 7434 40 - - SYM 34823 7434 41 401 401 CD 34823 7434 42 ; ; : 34823 7434 43 not not RB 34823 7434 44 logically logically RB 34823 7434 45 related related JJ 34823 7434 46 to to IN 34823 7434 47 bimetallism bimetallism NN 34823 7434 48 , , , 34823 7434 49 219 219 CD 34823 7434 50 , , , 34823 7434 51 n. n. NNP 34823 7434 52 ; ; : 34823 7434 53 applied apply VBN 34823 7434 54 to to IN 34823 7434 55 international international JJ 34823 7434 56 trade trade NN 34823 7434 57 , , , 34823 7434 58 61 61 CD 34823 7434 59 , , , 34823 7434 60 129 129 CD 34823 7434 61 , , , 34823 7434 62 183 183 CD 34823 7434 63 , , , 34823 7434 64 280 280 CD 34823 7434 65 - - SYM 34823 7434 66 81 81 CD 34823 7434 67 , , , 34823 7434 68 292 292 CD 34823 7434 69 , , , 34823 7434 70 Ch Ch NNP 34823 7434 71 . . . 34823 7435 1 XVI XVI NNP 34823 7435 2 ; ; : 34823 7435 3 not not RB 34823 7435 4 related relate VBN 34823 7435 5 to to IN 34823 7435 6 general general JJ 34823 7435 7 theory theory NN 34823 7435 8 of of IN 34823 7435 9 value value NN 34823 7435 10 , , , 34823 7435 11 46ff 46ff NNS 34823 7435 12 . . . 34823 7435 13 , , , 34823 7435 14 305 305 CD 34823 7435 15 ; ; : 34823 7435 16 psychological psychological JJ 34823 7435 17 assumptions assumption NNS 34823 7435 18 of of IN 34823 7435 19 , , , 34823 7435 20 143 143 CD 34823 7435 21 - - SYM 34823 7435 22 44 44 CD 34823 7435 23 , , , 34823 7435 24 305 305 CD 34823 7435 25 , , , 34823 7435 26 444 444 CD 34823 7435 27 ; ; : 34823 7435 28 relation relation NN 34823 7435 29 to to IN 34823 7435 30 medium medium NN 34823 7435 31 of of IN 34823 7435 32 exchange exchange NN 34823 7435 33 function function NN 34823 7435 34 , , , 34823 7435 35 152 152 CD 34823 7435 36 , , , 34823 7435 37 266 266 CD 34823 7435 38 ; ; : 34823 7435 39 contrasted contrast VBN 34823 7435 40 with with IN 34823 7435 41 commodity commodity NN 34823 7435 42 theory theory NN 34823 7435 43 , , , 34823 7435 44 Ch Ch NNP 34823 7435 45 . . . 34823 7436 1 VII VII NNP 34823 7436 2 , , , 34823 7436 3 esp esp RB 34823 7436 4 . . . 34823 7437 1 151 151 CD 34823 7437 2 - - SYM 34823 7437 3 53 53 CD 34823 7437 4 ; ; : 34823 7437 5 types type NNS 34823 7437 6 of of IN 34823 7437 7 , , , 34823 7437 8 Ch Ch NNP 34823 7437 9 . . . 34823 7438 1 VII VII NNP 34823 7438 2 , , , 34823 7438 3 Ch Ch NNP 34823 7438 4 . . . 34823 7439 1 VIII VIII NNP 34823 7439 2 , , , 34823 7439 3 172 172 CD 34823 7439 4 , , , 34823 7439 5 177 177 CD 34823 7439 6 , , , 34823 7439 7 n. n. NNP 34823 7439 8 , , , 34823 7439 9 182 182 CD 34823 7439 10 - - SYM 34823 7439 11 85 85 CD 34823 7439 12 , , , 34823 7439 13 192 192 CD 34823 7439 14 - - SYM 34823 7439 15 94 94 CD 34823 7439 16 , , , 34823 7439 17 210 210 CD 34823 7439 18 , , , 34823 7439 19 n. n. NNP 34823 7439 20 , , , 34823 7439 21 216 216 CD 34823 7439 22 - - SYM 34823 7439 23 17 17 CD 34823 7439 24 , , , 34823 7439 25 218 218 CD 34823 7439 26 , , , 34823 7439 27 n. n. NNP 34823 7439 28 , , , 34823 7439 29 219 219 CD 34823 7439 30 , , , 34823 7439 31 n. n. NNP 34823 7439 32 , , , 34823 7439 33 220 220 CD 34823 7439 34 , , , 34823 7439 35 Ch Ch NNP 34823 7439 36 . . . 34823 7440 1 XVIII xviii NN 34823 7440 2 , , , 34823 7440 3 521 521 CD 34823 7440 4 , , , 34823 7440 5 n. n. NNP 34823 7440 6 , , , 34823 7440 7 522 522 CD 34823 7440 8 , , , 34823 7440 9 n. n. NNP 34823 7440 10 , , , 34823 7440 11 537 537 CD 34823 7440 12 , , , 34823 7440 13 538 538 CD 34823 7440 14 , , , 34823 7440 15 n. n. NN 34823 7440 16 See see VB 34823 7440 17 RICARDO RICARDO NNP 34823 7440 18 , , , 34823 7440 19 MILL MILL NNP 34823 7440 20 , , , 34823 7440 21 J. J. NNP 34823 7440 22 S. S. NNP 34823 7440 23 , , , 34823 7440 24 TAUSSIG TAUSSIG NNP 34823 7440 25 , , , 34823 7440 26 NICHOLSON NICHOLSON NNP 34823 7440 27 , , , 34823 7440 28 FISHER FISHER NNP 34823 7440 29 , , , 34823 7440 30 WALKER WALKER NNP 34823 7440 31 , , , 34823 7440 32 F. F. NNP 34823 7440 33 A. A. NNP 34823 7440 34 , , , 34823 7440 35 JOHNSON JOHNSON NNP 34823 7440 36 , , , 34823 7440 37 J. J. NNP 34823 7440 38 F. F. NNP 34823 7440 39 , , , 34823 7440 40 JEVONS JEVONS NNP 34823 7440 41 , , , 34823 7440 42 BARBOUR BARBOUR NNP 34823 7440 43 , , , 34823 7440 44 ANDREW ANDREW NNP 34823 7440 45 , , , 34823 7440 46 DAVENPORT DAVENPORT NNP 34823 7440 47 ( ( -LRB- 34823 7440 48 p. p. NN 34823 7440 49 218 218 CD 34823 7440 50 , , , 34823 7440 51 n. n. NNP 34823 7440 52 ) ) -RRB- 34823 7440 53 , , , 34823 7440 54 KEMMERER KEMMERER NNP 34823 7440 55 . . . 34823 7441 1 R R NNP 34823 7441 2 Railway Railway NNP 34823 7441 3 gross gross JJ 34823 7441 4 receipts receipt NNS 34823 7441 5 , , , 34823 7441 6 240 240 CD 34823 7441 7 - - SYM 34823 7441 8 41 41 CD 34823 7441 9 , , , 34823 7441 10 278 278 CD 34823 7441 11 , , , 34823 7441 12 516 516 CD 34823 7441 13 ; ; : 34823 7441 14 relation relation NN 34823 7441 15 of of IN 34823 7441 16 , , , 34823 7441 17 to to IN 34823 7441 18 clearings clearing NNS 34823 7441 19 , , , 34823 7441 20 240 240 CD 34823 7441 21 - - SYM 34823 7441 22 41 41 CD 34823 7441 23 . . . 34823 7442 1 " " `` 34823 7442 2 Ranks rank NNS 34823 7442 3 " " '' 34823 7442 4 or or CC 34823 7442 5 " " `` 34823 7442 6 orders order NNS 34823 7442 7 " " '' 34823 7442 8 of of IN 34823 7442 9 goods good NNS 34823 7442 10 , , , 34823 7442 11 34 34 CD 34823 7442 12 , , , 34823 7442 13 38 38 CD 34823 7442 14 , , , 34823 7442 15 96 96 CD 34823 7442 16 , , , 34823 7442 17 481 481 CD 34823 7442 18 , , , 34823 7442 19 562 562 CD 34823 7442 20 , , , 34823 7442 21 n. n. NN 34823 7442 22 See see VB 34823 7442 23 IMPUTATION imputation NN 34823 7442 24 THEORY THEORY NNP 34823 7442 25 , , , 34823 7442 26 AUSTRIAN AUSTRIAN NNP 34823 7442 27 SCHOOL SCHOOL NNP 34823 7442 28 , , , 34823 7442 29 CAPITALIZATION CAPITALIZATION NNP 34823 7442 30 THEORY THEORY NNP 34823 7442 31 . . . 34823 7443 1 Ratio ratio NN 34823 7443 2 of of IN 34823 7443 3 exchange exchange NN 34823 7443 4 , , , 34823 7443 5 6ff 6ff NNP 34823 7443 6 . . NNP 34823 7443 7 , , , 34823 7443 8 25 25 CD 34823 7443 9 , , , 34823 7443 10 92 92 CD 34823 7443 11 , , , 34823 7443 12 388 388 CD 34823 7443 13 , , , 34823 7443 14 584 584 CD 34823 7443 15 ; ; : 34823 7443 16 abstract abstract JJ 34823 7443 17 , , , 34823 7443 18 as as IN 34823 7443 19 value value NN 34823 7443 20 , , , 34823 7443 21 25 25 CD 34823 7443 22 , , , 34823 7443 23 92 92 CD 34823 7443 24 . . . 34823 7444 1 See see VB 34823 7444 2 VALUE VALUE NNP 34823 7444 3 , , , 34823 7444 4 ABSOLUTE ABSOLUTE NNP 34823 7444 5 _ _ NNP 34823 7444 6 vs. vs. IN 34823 7444 7 _ _ NNP 34823 7444 8 RELATIVE RELATIVE NNP 34823 7444 9 , , , 34823 7444 10 PRICE price NN 34823 7444 11 , , , 34823 7444 12 " " `` 34823 7444 13 PURCHASING purchasing NN 34823 7444 14 POWER POWER NNS 34823 7444 15 . . . 34823 7444 16 " " '' 34823 7445 1 Ratio ratio NN 34823 7445 2 , , , 34823 7445 3 fixed fix VBN 34823 7445 4 , , , 34823 7445 5 M m NN 34823 7445 6 : : : 34823 7445 7 M M NNP 34823 7445 8 ´ ´ NNP 34823 7445 9 , , , 34823 7445 10 Ch Ch NNP 34823 7445 11 . . . 34823 7446 1 IX ix NN 34823 7446 2 , , , 34823 7446 3 187 187 CD 34823 7446 4 , , , 34823 7446 5 206 206 CD 34823 7446 6 , , , 34823 7446 7 281 281 CD 34823 7446 8 , , , 34823 7446 9 288 288 CD 34823 7446 10 , , , 34823 7446 11 290 290 CD 34823 7446 12 , , , 34823 7446 13 294 294 CD 34823 7446 14 , , , 34823 7446 15 328 328 CD 34823 7446 16 - - SYM 34823 7446 17 29 29 CD 34823 7446 18 , , , 34823 7446 19 529 529 CD 34823 7446 20 - - SYM 34823 7446 21 44 44 CD 34823 7446 22 . . . 34823 7447 1 See see VB 34823 7447 2 RESERVES RESERVES NNP 34823 7447 3 , , , 34823 7447 4 DEPOSITS deposit NNS 34823 7447 5 , , , 34823 7447 6 " " '' 34823 7447 7 MONEY money NN 34823 7447 8 IN in IN 34823 7447 9 CIRCULATION circulation NN 34823 7447 10 . . . 34823 7447 11 " " '' 34823 7448 1 Real real JJ 34823 7448 2 estate estate NN 34823 7448 3 trade trade NN 34823 7448 4 . . . 34823 7449 1 See see VB 34823 7449 2 TRADE trade NN 34823 7449 3 . . . 34823 7450 1 Rediscounting rediscounting NN 34823 7450 2 , , , 34823 7450 3 490 490 CD 34823 7450 4 , , , 34823 7450 5 494 494 CD 34823 7450 6 , , , 34823 7450 7 518 518 CD 34823 7450 8 - - SYM 34823 7450 9 20 20 CD 34823 7450 10 . . . 34823 7451 1 _ _ NNP 34823 7451 2 Reichsbank Reichsbank NNP 34823 7451 3 . . . 34823 7451 4 _ _ NNP 34823 7451 5 See See NNP 34823 7451 6 GERMANY GERMANY NNP 34823 7451 7 . . . 34823 7452 1 Religious religious JJ 34823 7452 2 values value NNS 34823 7452 3 , , , 34823 7452 4 414 414 CD 34823 7452 5 . . . 34823 7453 1 Rent rent NN 34823 7453 2 , , , 34823 7453 3 316 316 CD 34823 7453 4 , , , 34823 7453 5 439 439 CD 34823 7453 6 - - SYM 34823 7453 7 41 41 CD 34823 7453 8 ; ; : 34823 7453 9 as as IN 34823 7453 10 cost cost NN 34823 7453 11 , , , 34823 7453 12 70 70 CD 34823 7453 13 ; ; : 34823 7453 14 of of IN 34823 7453 15 money money NN 34823 7453 16 , , , 34823 7453 17 as as IN 34823 7453 18 " " `` 34823 7453 19 money money NN 34823 7453 20 rates rate NNS 34823 7453 21 , , , 34823 7453 22 " " '' 34823 7453 23 Ch ch NN 34823 7453 24 . . . 34823 7454 1 IV IV NNP 34823 7454 2 , , , 34823 7454 3 145 145 CD 34823 7454 4 , , , 34823 7454 5 149 149 CD 34823 7454 6 , , , 34823 7454 7 424 424 CD 34823 7454 8 , , , 34823 7454 9 438 438 CD 34823 7454 10 - - SYM 34823 7454 11 42 42 CD 34823 7454 12 , , , 34823 7454 13 451 451 CD 34823 7454 14 - - SYM 34823 7454 15 57 57 CD 34823 7454 16 ; ; : 34823 7454 17 capitalization capitalization NN 34823 7454 18 of of IN 34823 7454 19 . . . 34823 7455 1 See see VB 34823 7455 2 CAPITALIZATION CAPITALIZATION NNP 34823 7455 3 . . . 34823 7456 1 Reserve reserve NN 34823 7456 2 cities city NNS 34823 7456 3 , , , 34823 7456 4 233 233 CD 34823 7456 5 , , , 34823 7456 6 343 343 CD 34823 7456 7 , , , 34823 7456 8 n. n. NNP 34823 7456 9 , , , 34823 7456 10 357 357 CD 34823 7456 11 , , , 34823 7456 12 359 359 CD 34823 7456 13 , , , 34823 7456 14 n. n. NN 34823 7456 15 Reserve Reserve NNP 34823 7456 16 function function NN 34823 7456 17 of of IN 34823 7456 18 money money NN 34823 7456 19 , , , 34823 7456 20 Ch Ch NNP 34823 7456 21 . . . 34823 7457 1 XVIII xviii NN 34823 7457 2 , , , 34823 7457 3 418 418 CD 34823 7457 4 , , , 34823 7457 5 421 421 CD 34823 7457 6 , , , 34823 7457 7 424 424 CD 34823 7457 8 , , , 34823 7457 9 436 436 CD 34823 7457 10 , , , 34823 7457 11 536 536 CD 34823 7457 12 - - SYM 34823 7457 13 44 44 CD 34823 7457 14 ; ; , 34823 7457 15 special special JJ 34823 7457 16 case case NN 34823 7457 17 of of IN 34823 7457 18 " " `` 34823 7457 19 bearer bearer NN 34823 7457 20 of of IN 34823 7457 21 options option NNS 34823 7457 22 " " `` 34823 7457 23 function function NN 34823 7457 24 , , , 34823 7457 25 426 426 CD 34823 7457 26 , , , 34823 7457 27 n. n. NNP 34823 7457 28 , , , 34823 7457 29 536ff 536ff NNP 34823 7457 30 . . . 34823 7458 1 See see VB 34823 7458 2 FUNCTIONS functions NN 34823 7458 3 OF of IN 34823 7458 4 MONEY money NN 34823 7458 5 . . . 34823 7459 1 Reserves Reserves NNP 34823 7459 2 , , , 34823 7459 3 Ch Ch NNP 34823 7459 4 . . . 34823 7460 1 IX IX NNP 34823 7460 2 , , , 34823 7460 3 Ch Ch NNP 34823 7460 4 . . . 34823 7461 1 XVIII xviii NN 34823 7461 2 , , , 34823 7461 3 393 393 CD 34823 7461 4 , , , 34823 7461 5 395 395 CD 34823 7461 6 , , , 34823 7461 7 447 447 CD 34823 7461 8 , , , 34823 7461 9 451 451 CD 34823 7461 10 , , , 34823 7461 11 491 491 CD 34823 7461 12 , , , 34823 7461 13 517 517 CD 34823 7461 14 , , , 34823 7461 15 529 529 CD 34823 7461 16 - - HYPH 34823 7461 17 44 44 CD 34823 7461 18 ; ; : 34823 7461 19 bills bill NNS 34823 7461 20 of of IN 34823 7461 21 exchange exchange NN 34823 7461 22 as as IN 34823 7461 23 , , , 34823 7461 24 181 181 CD 34823 7461 25 - - SYM 34823 7461 26 82 82 CD 34823 7461 27 , , , 34823 7461 28 444 444 CD 34823 7461 29 ; ; : 34823 7461 30 legal legal JJ 34823 7461 31 reserve reserve NN 34823 7461 32 requirements requirement NNS 34823 7461 33 , , , 34823 7461 34 175 175 CD 34823 7461 35 , , , 34823 7461 36 n. n. NNP 34823 7461 37 , , , 34823 7461 38 184 184 CD 34823 7461 39 , , , 34823 7461 40 447 447 CD 34823 7461 41 , , , 34823 7461 42 448 448 CD 34823 7461 43 , , , 34823 7461 44 449 449 CD 34823 7461 45 ; ; : 34823 7461 46 ratio ratio NN 34823 7461 47 of of IN 34823 7461 48 , , , 34823 7461 49 to to IN 34823 7461 50 deposits deposit NNS 34823 7461 51 , , , 34823 7461 52 175 175 CD 34823 7461 53 , , , 34823 7461 54 n. n. NNP 34823 7461 55 , , , 34823 7461 56 179 179 CD 34823 7461 57 , , , 34823 7461 58 286 286 CD 34823 7461 59 - - SYM 34823 7461 60 87 87 CD 34823 7461 61 , , , 34823 7461 62 298 298 CD 34823 7461 63 , , , 34823 7461 64 324ff 324ff NNP 34823 7461 65 . . NNP 34823 7461 66 , , , 34823 7461 67 529 529 CD 34823 7461 68 - - HYPH 34823 7461 69 44 44 CD 34823 7461 70 ; ; : 34823 7461 71 ratio ratio NN 34823 7461 72 of of IN 34823 7461 73 , , , 34823 7461 74 to to TO 34823 7461 75 " " `` 34823 7461 76 money money NN 34823 7461 77 in in IN 34823 7461 78 circulation circulation NN 34823 7461 79 , , , 34823 7461 80 " " `` 34823 7461 81 175 175 CD 34823 7461 82 , , , 34823 7461 83 n. n. NN 34823 7461 84 ; ; : 34823 7461 85 relation relation NN 34823 7461 86 of of IN 34823 7461 87 , , , 34823 7461 88 to to IN 34823 7461 89 money money NN 34823 7461 90 rates rate NNS 34823 7461 91 , , , 34823 7461 92 378 378 CD 34823 7461 93 ; ; : 34823 7461 94 " " `` 34823 7461 95 secondary secondary JJ 34823 7461 96 reserves reserve NNS 34823 7461 97 , , , 34823 7461 98 " " '' 34823 7461 99 530 530 CD 34823 7461 100 . . . 34823 7462 1 Resumption resumption NN 34823 7462 2 of of IN 34823 7462 3 specie specie VBG 34823 7462 4 payments payment NNS 34823 7462 5 , , , 34823 7462 6 146 146 CD 34823 7462 7 , , , 34823 7462 8 323 323 CD 34823 7462 9 . . . 34823 7463 1 Retail retail JJ 34823 7463 2 " " `` 34823 7463 3 deposits deposit NNS 34823 7463 4 , , , 34823 7463 5 " " `` 34823 7463 6 see see VB 34823 7463 7 " " '' 34823 7463 8 DEPOSITS DEPOSITS NNP 34823 7463 9 . . . 34823 7463 10 " " '' 34823 7464 1 Retail retail JJ 34823 7464 2 trade trade NN 34823 7464 3 . . . 34823 7465 1 See see VB 34823 7465 2 TRADE trade NN 34823 7465 3 . . . 34823 7466 1 Ricardo Ricardo NNP 34823 7466 2 , , , 34823 7466 3 David David NNP 34823 7466 4 , , , 34823 7466 5 47 47 CD 34823 7466 6 , , , 34823 7466 7 50 50 CD 34823 7466 8 , , , 34823 7466 9 51 51 CD 34823 7466 10 , , , 34823 7466 11 64 64 CD 34823 7466 12 , , , 34823 7466 13 65 65 CD 34823 7466 14 , , , 34823 7466 15 66 66 CD 34823 7466 16 , , , 34823 7466 17 106 106 CD 34823 7466 18 , , , 34823 7466 19 131 131 CD 34823 7466 20 , , , 34823 7466 21 550 550 CD 34823 7466 22 . . . 34823 7467 1 Ridgeway ridgeway NN 34823 7467 2 , , , 34823 7467 3 W. W. NNP 34823 7467 4 , , , 34823 7467 5 407 407 CD 34823 7467 6 , , , 34823 7467 7 n. n. NNP 34823 7467 8 Ripley Ripley NNP 34823 7467 9 , , , 34823 7467 10 W. W. NNP 34823 7467 11 Z. Z. NNP 34823 7467 12 , , , 34823 7467 13 275 275 CD 34823 7467 14 . . . 34823 7468 1 Risk risk NN 34823 7468 2 , , , 34823 7468 3 67 67 CD 34823 7468 4 , , , 34823 7468 5 527 527 CD 34823 7468 6 , , , 34823 7468 7 542 542 CD 34823 7468 8 - - SYM 34823 7468 9 43 43 CD 34823 7468 10 . . . 34823 7469 1 See see VB 34823 7469 2 DYNAMICS DYNAMICS NNP 34823 7469 3 , , , 34823 7469 4 " " `` 34823 7469 5 BEARER bearer NN 34823 7469 6 OF of IN 34823 7469 7 OPTIONS option NNS 34823 7469 8 . . . 34823 7469 9 " " '' 34823 7470 1 Ross Ross NNP 34823 7470 2 , , , 34823 7470 3 E. E. NNP 34823 7470 4 A. A. NNP 34823 7470 5 , , , 34823 7470 6 37 37 CD 34823 7470 7 , , , 34823 7470 8 568 568 CD 34823 7470 9 , , , 34823 7470 10 571 571 CD 34823 7470 11 . . . 34823 7471 1 Royce Royce NNP 34823 7471 2 , , , 34823 7471 3 J. J. NNP 34823 7471 4 , , , 34823 7471 5 18 18 CD 34823 7471 6 , , , 34823 7471 7 n. n. NN 34823 7471 8 Rupee Rupee NNP 34823 7471 9 . . . 34823 7472 1 See see VB 34823 7472 2 INDIA INDIA NNP 34823 7472 3 . . . 34823 7473 1 Rural rural JJ 34823 7473 2 banks bank NNS 34823 7473 3 , , , 34823 7473 4 232 232 CD 34823 7473 5 - - SYM 34823 7473 6 35 35 CD 34823 7473 7 , , , 34823 7473 8 491 491 CD 34823 7473 9 , , , 34823 7473 10 517 517 CD 34823 7473 11 - - SYM 34823 7473 12 18 18 CD 34823 7473 13 ; ; : 34823 7473 14 " " `` 34823 7473 15 all all DT 34823 7473 16 other other JJ 34823 7473 17 deposits deposit NNS 34823 7473 18 " " '' 34823 7473 19 in in IN 34823 7473 20 , , , 34823 7473 21 233 233 CD 34823 7473 22 - - HYPH 34823 7473 23 35 35 CD 34823 7473 24 ; ; : 34823 7473 25 loans loan NNS 34823 7473 26 by by RB 34823 7473 27 , , , 34823 7473 28 in in IN 34823 7473 29 Wall Wall NNP 34823 7473 30 Street Street NNP 34823 7473 31 , , , 34823 7473 32 517 517 CD 34823 7473 33 - - SYM 34823 7473 34 18 18 CD 34823 7473 35 ; ; : 34823 7473 36 small small JJ 34823 7473 37 volume volume NN 34823 7473 38 of of IN 34823 7473 39 transactions transaction NNS 34823 7473 40 of of IN 34823 7473 41 , , , 34823 7473 42 235 235 CD 34823 7473 43 , , , 34823 7473 44 342 342 CD 34823 7473 45 , , , 34823 7473 46 n. n. NNP 34823 7473 47 S S NNP 34823 7473 48 Saleability Saleability NNP 34823 7473 49 , , , 34823 7473 50 10 10 CD 34823 7473 51 , , , 34823 7473 52 94 94 CD 34823 7473 53 , , , 34823 7473 54 99 99 CD 34823 7473 55 , , , 34823 7473 56 401 401 CD 34823 7473 57 - - SYM 34823 7473 58 07 07 CD 34823 7473 59 , , , 34823 7473 60 430 430 CD 34823 7473 61 , , , 34823 7473 62 440 440 CD 34823 7473 63 - - SYM 34823 7473 64 41 41 CD 34823 7473 65 , , , 34823 7473 66 453 453 CD 34823 7473 67 , , , 34823 7473 68 475 475 CD 34823 7473 69 - - SYM 34823 7473 70 78 78 CD 34823 7473 71 , , , 34823 7473 72 489 489 CD 34823 7473 73 , , , 34823 7473 74 493ff 493ff NNP 34823 7473 75 . . NNP 34823 7473 76 , , , 34823 7473 77 524 524 CD 34823 7473 78 - - SYM 34823 7473 79 25 25 CD 34823 7473 80 , , , 34823 7473 81 526 526 CD 34823 7473 82 - - SYM 34823 7473 83 27 27 CD 34823 7473 84 , , , 34823 7473 85 529 529 CD 34823 7473 86 , , , 34823 7473 87 540ff 540ff NN 34823 7473 88 . . . 34823 7473 89 , , , 34823 7473 90 591 591 CD 34823 7473 91 . . . 34823 7474 1 Santos Santos NNP 34823 7474 2 , , , 34823 7474 3 coffee coffee NN 34823 7474 4 speculation speculation NN 34823 7474 5 in in IN 34823 7474 6 , , , 34823 7474 7 252 252 CD 34823 7474 8 . . . 34823 7475 1 Savings saving NNS 34823 7475 2 banks bank NNS 34823 7475 3 , , , 34823 7475 4 342 342 CD 34823 7475 5 , , , 34823 7475 6 n. n. NNP 34823 7475 7 , , , 34823 7475 8 409 409 CD 34823 7475 9 , , , 34823 7475 10 472 472 CD 34823 7475 11 , , , 34823 7475 12 498 498 CD 34823 7475 13 - - SYM 34823 7475 14 99 99 CD 34823 7475 15 , , , 34823 7475 16 523 523 CD 34823 7475 17 . . . 34823 7476 1 Savigny Savigny NNP 34823 7476 2 , , , 34823 7476 3 F. F. NNP 34823 7476 4 C. C. NNP 34823 7476 5 , , , 34823 7476 6 von von NNP 34823 7476 7 , , , 34823 7476 8 24 24 CD 34823 7476 9 , , , 34823 7476 10 398 398 CD 34823 7476 11 . . . 34823 7477 1 Schumpeter Schumpeter NNP 34823 7477 2 , , , 34823 7477 3 J. J. NNP 34823 7477 4 , , , 34823 7477 5 44 44 CD 34823 7477 6 , , , 34823 7477 7 49 49 CD 34823 7477 8 , , , 34823 7477 9 n. n. NNP 34823 7477 10 , , , 34823 7477 11 80 80 CD 34823 7477 12 , , , 34823 7477 13 83 83 CD 34823 7477 14 , , , 34823 7477 15 90 90 CD 34823 7477 16 - - SYM 34823 7477 17 100 100 CD 34823 7477 18 , , , 34823 7477 19 111 111 CD 34823 7477 20 , , , 34823 7477 21 113 113 CD 34823 7477 22 , , , 34823 7477 23 n. n. NNP 34823 7477 24 , , , 34823 7477 25 ff ff NNP 34823 7477 26 . . NNP 34823 7477 27 , , , 34823 7477 28 264 264 CD 34823 7477 29 , , , 34823 7477 30 n. n. NNP 34823 7477 31 , , , 34823 7477 32 265 265 CD 34823 7477 33 , , , 34823 7477 34 401 401 CD 34823 7477 35 , , , 34823 7477 36 429 429 CD 34823 7477 37 , , , 34823 7477 38 n. n. NNP 34823 7477 39 , , , 34823 7477 40 484 484 CD 34823 7477 41 - - SYM 34823 7477 42 85 85 CD 34823 7477 43 , , , 34823 7477 44 488 488 CD 34823 7477 45 , , , 34823 7477 46 526 526 CD 34823 7477 47 , , , 34823 7477 48 549 549 CD 34823 7477 49 , , , 34823 7477 50 554 554 CD 34823 7477 51 - - SYM 34823 7477 52 55 55 CD 34823 7477 53 , , , 34823 7477 54 558 558 CD 34823 7477 55 , , , 34823 7477 56 n. n. NN 34823 7477 57 , , , 34823 7477 58 583 583 CD 34823 7477 59 - - SYM 34823 7477 60 86 86 CD 34823 7477 61 . . . 34823 7478 1 Scott Scott NNP 34823 7478 2 , , , 34823 7478 3 DR DR NNP 34823 7478 4 , , , 34823 7478 5 78 78 CD 34823 7478 6 , , , 34823 7478 7 n. n. NNP 34823 7478 8 Scott Scott NNP 34823 7478 9 , , , 34823 7478 10 W. W. NNP 34823 7478 11 A. A. NNP 34823 7478 12 , , , 34823 7478 13 13 13 CD 34823 7478 14 , , , 34823 7478 15 48 48 CD 34823 7478 16 , , , 34823 7478 17 81 81 CD 34823 7478 18 , , , 34823 7478 19 132 132 CD 34823 7478 20 , , , 34823 7478 21 141 141 CD 34823 7478 22 , , , 34823 7478 23 144 144 CD 34823 7478 24 , , , 34823 7478 25 327 327 CD 34823 7478 26 , , , 34823 7478 27 n. n. NNP 34823 7478 28 , , , 34823 7478 29 418 418 CD 34823 7478 30 , , , 34823 7478 31 n. n. NNP 34823 7478 32 , , , 34823 7478 33 419 419 CD 34823 7478 34 , , , 34823 7478 35 n. n. NNP 34823 7478 36 , , , 34823 7478 37 422 422 CD 34823 7478 38 , , , 34823 7478 39 n. n. NNP 34823 7478 40 , , , 34823 7478 41 431 431 CD 34823 7478 42 , , , 34823 7478 43 n. n. NNP 34823 7478 44 , , , 34823 7478 45 498 498 CD 34823 7478 46 , , , 34823 7478 47 n. n. NNP 34823 7478 48 , , , 34823 7478 49 501 501 CD 34823 7478 50 , , , 34823 7478 51 n. n. NN 34823 7478 52 Seager Seager NNP 34823 7478 53 , , , 34823 7478 54 H. H. NNP 34823 7478 55 R. R. NNP 34823 7478 56 , , , 34823 7478 57 301 301 CD 34823 7478 58 , , , 34823 7478 59 n. n. NNP 34823 7478 60 , , , 34823 7478 61 303 303 CD 34823 7478 62 . . . 34823 7479 1 Sea Sea NNP 34823 7479 2 Board Board NNP 34823 7479 3 Air Air NNP 34823 7479 4 Line Line NNP 34823 7479 5 Adjustment Adjustment NNP 34823 7479 6 5 5 NNP 34823 7479 7 's 's POS 34823 7479 8 , , , 34823 7479 9 471 471 CD 34823 7479 10 . . . 34823 7480 1 Seasonal seasonal JJ 34823 7480 2 changes change NNS 34823 7480 3 , , , 34823 7480 4 187 187 CD 34823 7480 5 , , , 34823 7480 6 192 192 CD 34823 7480 7 , , , 34823 7480 8 533 533 CD 34823 7480 9 . . . 34823 7481 1 Seignorage seignorage NN 34823 7481 2 , , , 34823 7481 3 131 131 CD 34823 7481 4 . . . 34823 7482 1 Self self NN 34823 7482 2 , , , 34823 7482 3 the the DT 34823 7482 4 , , , 34823 7482 5 19 19 CD 34823 7482 6 . . . 34823 7483 1 Seligman Seligman NNP 34823 7483 2 , , , 34823 7483 3 E. E. NNP 34823 7483 4 R. R. NNP 34823 7483 5 A. A. NNP 34823 7483 6 , , , 34823 7483 7 73 73 CD 34823 7483 8 , , , 34823 7483 9 n. n. NNP 34823 7483 10 , , , 34823 7483 11 301 301 CD 34823 7483 12 , , , 34823 7483 13 n. n. NNP 34823 7483 14 , , , 34823 7483 15 418 418 CD 34823 7483 16 , , , 34823 7483 17 n. n. NNP 34823 7483 18 , , , 34823 7483 19 548 548 CD 34823 7483 20 . . . 34823 7484 1 Selling selling NN 34823 7484 2 costs cost NNS 34823 7484 3 , , , 34823 7484 4 257ff 257ff NNP 34823 7484 5 . . NNP 34823 7484 6 , , , 34823 7484 7 393 393 CD 34823 7484 8 , , , 34823 7484 9 565 565 CD 34823 7484 10 . . . 34823 7485 1 " " `` 34823 7485 2 Selling selling NN 34823 7485 3 price price NN 34823 7485 4 " " '' 34823 7485 5 _ _ NNP 34823 7485 6 vs. vs. IN 34823 7485 7 _ _ NNP 34823 7485 8 " " '' 34823 7485 9 buying buying NN 34823 7485 10 price price NN 34823 7485 11 . . . 34823 7485 12 " " '' 34823 7486 1 See see VB 34823 7486 2 " " `` 34823 7486 3 BUYING buying NN 34823 7486 4 PRICE price NN 34823 7486 5 . . . 34823 7486 6 " " '' 34823 7487 1 Senior senior JJ 34823 7487 2 , , , 34823 7487 3 N. N. NNP 34823 7487 4 W. W. NNP 34823 7487 5 , , , 34823 7487 6 14 14 CD 34823 7487 7 , , , 34823 7487 8 n. n. NNP 34823 7487 9 , , , 34823 7487 10 67 67 CD 34823 7487 11 . . . 34823 7488 1 Sex sex NN 34823 7488 2 , , , 34823 7488 3 social social JJ 34823 7488 4 transformation transformation NN 34823 7488 5 of of IN 34823 7488 6 , , , 34823 7488 7 35 35 CD 34823 7488 8 - - SYM 34823 7488 9 36 36 CD 34823 7488 10 ; ; : 34823 7488 11 rôle rôle VBD 34823 7488 12 of of IN 34823 7488 13 , , , 34823 7488 14 in in IN 34823 7488 15 origin origin NN 34823 7488 16 of of IN 34823 7488 17 money money NN 34823 7488 18 , , , 34823 7488 19 409 409 CD 34823 7488 20 - - SYM 34823 7488 21 13 13 CD 34823 7488 22 . . . 34823 7489 1 Shakspere Shakspere NNP 34823 7489 2 , , , 34823 7489 3 25 25 CD 34823 7489 4 . . . 34823 7490 1 Share share NN 34823 7490 2 sales sale NNS 34823 7490 3 . . . 34823 7491 1 See see VB 34823 7491 2 STOCK STOCK NNP 34823 7491 3 EXCHANGE EXCHANGE NNP 34823 7491 4 , , , 34823 7491 5 CLEARINGS CLEARINGS NNP 34823 7491 6 . . . 34823 7492 1 Shaw Shaw NNP 34823 7492 2 , , , 34823 7492 3 A. a. NN 34823 7492 4 W. W. NNP 34823 7492 5 , , , 34823 7492 6 259 259 CD 34823 7492 7 , , , 34823 7492 8 n. n. NN 34823 7492 9 Silver Silver NNP 34823 7492 10 , , , 34823 7492 11 139 139 CD 34823 7492 12 , , , 34823 7492 13 n. n. NNP 34823 7492 14 , , , 34823 7492 15 150 150 CD 34823 7492 16 , , , 34823 7492 17 151 151 CD 34823 7492 18 , , , 34823 7492 19 152 152 CD 34823 7492 20 , , , 34823 7492 21 219 219 CD 34823 7492 22 , , , 34823 7492 23 221 221 CD 34823 7492 24 , , , 34823 7492 25 n. n. NNP 34823 7492 26 , , , 34823 7492 27 327 327 CD 34823 7492 28 , , , 34823 7492 29 397 397 CD 34823 7492 30 , , , 34823 7492 31 412 412 CD 34823 7492 32 , , , 34823 7492 33 414 414 CD 34823 7492 34 , , , 34823 7492 35 415 415 CD 34823 7492 36 , , , 34823 7492 37 421 421 CD 34823 7492 38 , , , 34823 7492 39 434 434 CD 34823 7492 40 ; ; : 34823 7492 41 certificates certificate NNS 34823 7492 42 , , , 34823 7492 43 432 432 CD 34823 7492 44 . . . 34823 7493 1 Simmel Simmel NNP 34823 7493 2 , , , 34823 7493 3 G. G. NNP 34823 7493 4 , , , 34823 7493 5 101 101 CD 34823 7493 6 , , , 34823 7493 7 418 418 CD 34823 7493 8 , , , 34823 7493 9 n. n. JJ 34823 7493 10 Single single JJ 34823 7493 11 tax tax NN 34823 7493 12 , , , 34823 7493 13 318 318 CD 34823 7493 14 - - SYM 34823 7493 15 19 19 CD 34823 7493 16 , , , 34823 7493 17 552 552 CD 34823 7493 18 , , , 34823 7493 19 n. n. NN 34823 7493 20 Smith Smith NNP 34823 7493 21 , , , 34823 7493 22 Adam Adam NNP 34823 7493 23 , , , 34823 7493 24 12 12 CD 34823 7493 25 , , , 34823 7493 26 50 50 CD 34823 7493 27 , , , 34823 7493 28 64 64 CD 34823 7493 29 , , , 34823 7493 30 65 65 CD 34823 7493 31 , , , 34823 7493 32 222 222 CD 34823 7493 33 , , , 34823 7493 34 526 526 CD 34823 7493 35 - - SYM 34823 7493 36 27 27 CD 34823 7493 37 , , , 34823 7493 38 550 550 CD 34823 7493 39 , , , 34823 7493 40 556 556 CD 34823 7493 41 . . . 34823 7494 1 Smith Smith NNP 34823 7494 2 , , , 34823 7494 3 B. B. NNP 34823 7494 4 F. F. NNP 34823 7494 5 , , , 34823 7494 6 366 366 CD 34823 7494 7 , , , 34823 7494 8 n. n. NN 34823 7494 9 Smith Smith NNP 34823 7494 10 , , , 34823 7494 11 Munroe Munroe NNP 34823 7494 12 , , , 34823 7494 13 24 24 CD 34823 7494 14 . . . 34823 7495 1 Social social JJ 34823 7495 2 control control NN 34823 7495 3 , , , 34823 7495 4 Ch Ch NNP 34823 7495 5 . . . 34823 7496 1 I -PRON- PRP 34823 7496 2 , , , 34823 7496 3 395 395 CD 34823 7496 4 , , , 34823 7496 5 409 409 CD 34823 7496 6 , , , 34823 7496 7 435 435 CD 34823 7496 8 . . . 34823 7496 9 n. n. NNP 34823 7496 10 , , , 34823 7496 11 482 482 CD 34823 7496 12 , , , 34823 7496 13 584 584 CD 34823 7496 14 ; ; : 34823 7496 15 technology technology NN 34823 7496 16 of of IN 34823 7496 17 , , , 34823 7496 18 577ff 577ff NNP 34823 7496 19 . . NNP 34823 7496 20 , , , 34823 7496 21 589 589 CD 34823 7496 22 , , , 34823 7496 23 591 591 CD 34823 7496 24 ; ; : 34823 7496 25 " " `` 34823 7496 26 radiant radiant JJ 34823 7496 27 points point NNS 34823 7496 28 of of IN 34823 7496 29 , , , 34823 7496 30 " " '' 34823 7496 31 37 37 CD 34823 7496 32 , , , 34823 7496 33 576 576 CD 34823 7496 34 . . . 34823 7497 1 Social social JJ 34823 7497 2 psychology psychology NN 34823 7497 3 , , , 34823 7497 4 17 17 CD 34823 7497 5 , , , 34823 7497 6 36 36 CD 34823 7497 7 - - SYM 34823 7497 8 37 37 CD 34823 7497 9 , , , 34823 7497 10 143 143 CD 34823 7497 11 - - SYM 34823 7497 12 44 44 CD 34823 7497 13 , , , 34823 7497 14 560 560 CD 34823 7497 15 , , , 34823 7497 16 569 569 CD 34823 7497 17 - - SYM 34823 7497 18 70 70 CD 34823 7497 19 , , , 34823 7497 20 577 577 CD 34823 7497 21 - - SYM 34823 7497 22 78 78 CD 34823 7497 23 , , , 34823 7497 24 586 586 CD 34823 7497 25 . . . 34823 7498 1 Social social JJ 34823 7498 2 value value NN 34823 7498 3 theory theory NN 34823 7498 4 , , , 34823 7498 5 Ch Ch NNP 34823 7498 6 . . . 34823 7499 1 I -PRON- PRP 34823 7499 2 , , , 34823 7499 3 87 87 CD 34823 7499 4 , , , 34823 7499 5 n. n. NNP 34823 7499 6 , , , 34823 7499 7 98 98 CD 34823 7499 8 - - SYM 34823 7499 9 99 99 CD 34823 7499 10 , , , 34823 7499 11 137ff 137ff NNP 34823 7499 12 . . . 34823 7499 13 , , , 34823 7499 14 158 158 CD 34823 7499 15 , , , 34823 7499 16 279 279 CD 34823 7499 17 , , , 34823 7499 18 310 310 CD 34823 7499 19 - - SYM 34823 7499 20 11 11 CD 34823 7499 21 , , , 34823 7499 22 Ch Ch NNP 34823 7499 23 . . . 34823 7500 1 XX XX NNP 34823 7500 2 , , , 34823 7500 3 402 402 CD 34823 7500 4 , , , 34823 7500 5 n. n. NNP 34823 7500 6 , , , 34823 7500 7 408 408 CD 34823 7500 8 - - SYM 34823 7500 9 16 16 CD 34823 7500 10 , , , 34823 7500 11 433 433 CD 34823 7500 12 , , , 34823 7500 13 n. n. NNP 34823 7500 14 , , , 34823 7500 15 435 435 CD 34823 7500 16 , , , 34823 7500 17 n. n. NNP 34823 7500 18 , , , 34823 7500 19 438 438 CD 34823 7500 20 - - SYM 34823 7500 21 42 42 CD 34823 7500 22 , , , 34823 7500 23 464 464 CD 34823 7500 24 - - SYM 34823 7500 25 67 67 CD 34823 7500 26 , , , 34823 7500 27 469 469 CD 34823 7500 28 , , , 34823 7500 29 480 480 CD 34823 7500 30 , , , 34823 7500 31 560 560 CD 34823 7500 32 , , , 34823 7500 33 569 569 CD 34823 7500 34 - - SYM 34823 7500 35 82 82 CD 34823 7500 36 , , , 34823 7500 37 586 586 CD 34823 7500 38 - - SYM 34823 7500 39 89 89 CD 34823 7500 40 ; ; , 34823 7500 41 pragmatic pragmatic JJ 34823 7500 42 character character NN 34823 7500 43 of of IN 34823 7500 44 , , , 34823 7500 45 40 40 CD 34823 7500 46 - - SYM 34823 7500 47 42 42 CD 34823 7500 48 ; ; : 34823 7500 49 applied apply VBN 34823 7500 50 to to IN 34823 7500 51 law law NN 34823 7500 52 , , , 34823 7500 53 24 24 CD 34823 7500 54 , , , 34823 7500 55 586 586 CD 34823 7500 56 - - SYM 34823 7500 57 89 89 CD 34823 7500 58 ; ; : 34823 7500 59 applied apply VBN 34823 7500 60 to to IN 34823 7500 61 morals moral NNS 34823 7500 62 , , , 34823 7500 63 22 22 CD 34823 7500 64 - - SYM 34823 7500 65 24 24 CD 34823 7500 66 , , , 34823 7500 67 589 589 CD 34823 7500 68 . . . 34823 7501 1 Social social JJ 34823 7501 2 advantage advantage NN 34823 7501 3 , , , 34823 7501 4 relation relation NN 34823 7501 5 of of IN 34823 7501 6 , , , 34823 7501 7 to to IN 34823 7501 8 individual individual JJ 34823 7501 9 interest interest NN 34823 7501 10 , , , 34823 7501 11 397 397 CD 34823 7501 12 - - SYM 34823 7501 13 99 99 CD 34823 7501 14 . . . 34823 7502 1 Social Social NNP 34823 7502 2 " " '' 34823 7502 3 consciousness consciousness NN 34823 7502 4 , , , 34823 7502 5 " " '' 34823 7502 6 16 16 CD 34823 7502 7 ; ; : 34823 7502 8 social social JJ 34823 7502 9 expectation expectation NN 34823 7502 10 , , , 34823 7502 11 409 409 CD 34823 7502 12 ; ; : 34823 7502 13 social social JJ 34823 7502 14 forces force NNS 34823 7502 15 , , , 34823 7502 16 26 26 CD 34823 7502 17 ; ; : 34823 7502 18 " " `` 34823 7502 19 social social JJ 34823 7502 20 marginal marginal JJ 34823 7502 21 utility utility NN 34823 7502 22 , , , 34823 7502 23 " " '' 34823 7502 24 12 12 CD 34823 7502 25 ; ; : 34823 7502 26 social social JJ 34823 7502 27 mind mind NN 34823 7502 28 , , , 34823 7502 29 7 7 CD 34823 7502 30 , , , 34823 7502 31 12 12 CD 34823 7502 32 , , , 34823 7502 33 34 34 CD 34823 7502 34 , , , 34823 7502 35 87 87 CD 34823 7502 36 , , , 34823 7502 37 n. n. NNP 34823 7502 38 , , , 34823 7502 39 557 557 CD 34823 7502 40 , , , 34823 7502 41 560 560 CD 34823 7502 42 , , , 34823 7502 43 570 570 CD 34823 7502 44 , , , 34823 7502 45 578 578 CD 34823 7502 46 ; ; : 34823 7502 47 social social JJ 34823 7502 48 objectivity objectivity NN 34823 7502 49 , , , 34823 7502 50 theories theory NNS 34823 7502 51 of of IN 34823 7502 52 , , , 34823 7502 53 20ff 20ff CD 34823 7502 54 . . . 34823 7503 1 ; ; : 34823 7503 2 social social JJ 34823 7503 3 organism organism NN 34823 7503 4 , , , 34823 7503 5 16 16 CD 34823 7503 6 , , , 34823 7503 7 577 577 CD 34823 7503 8 ; ; : 34823 7503 9 social social JJ 34823 7503 10 " " '' 34823 7503 11 oversoul oversoul NN 34823 7503 12 , , , 34823 7503 13 " " '' 34823 7503 14 16 16 CD 34823 7503 15 ; ; : 34823 7503 16 " " `` 34823 7503 17 social social JJ 34823 7503 18 use use NN 34823 7503 19 - - HYPH 34823 7503 20 value value NN 34823 7503 21 , , , 34823 7503 22 " " '' 34823 7503 23 12 12 CD 34823 7503 24 ; ; , 34823 7503 25 social social NNP 34823 7503 26 _ _ NNP 34823 7503 27 vs. vs. IN 34823 7503 28 _ _ NNP 34823 7503 29 individual individual JJ 34823 7503 30 values value NNS 34823 7503 31 , , , 34823 7503 32 43 43 CD 34823 7503 33 - - SYM 34823 7503 34 45 45 CD 34823 7503 35 . . . 34823 7504 1 " " `` 34823 7504 2 Socially socially RB 34823 7504 3 necessary necessary JJ 34823 7504 4 labor labor NN 34823 7504 5 - - HYPH 34823 7504 6 time time NN 34823 7504 7 , , , 34823 7504 8 " " '' 34823 7504 9 12 12 CD 34823 7504 10 , , , 34823 7504 11 15 15 CD 34823 7504 12 . . . 34823 7505 1 Society society NN 34823 7505 2 and and CC 34823 7505 3 individual individual NN 34823 7505 4 , , , 34823 7505 5 16 16 CD 34823 7505 6 - - SYM 34823 7505 7 26 26 CD 34823 7505 8 , , , 34823 7505 9 118 118 CD 34823 7505 10 . . . 34823 7506 1 Soetbeer Soetbeer NNP 34823 7506 2 , , , 34823 7506 3 A. a. NN 34823 7506 4 , , , 34823 7506 5 413 413 CD 34823 7506 6 , , , 34823 7506 7 n. n. NNP 34823 7506 8 Sombart Sombart NNP 34823 7506 9 , , , 34823 7506 10 W. W. NNP 34823 7506 11 , , , 34823 7506 12 220 220 CD 34823 7506 13 . . . 34823 7507 1 South South NNP 34823 7507 2 Atlantic Atlantic NNP 34823 7507 3 States States NNP 34823 7507 4 , , , 34823 7507 5 " " `` 34823 7507 6 deposits deposit NNS 34823 7507 7 " " '' 34823 7507 8 in in IN 34823 7507 9 , , , 34823 7507 10 233 233 CD 34823 7507 11 , , , 34823 7507 12 246 246 CD 34823 7507 13 . . . 34823 7508 1 Spahr Spahr NNP 34823 7508 2 , , , 34823 7508 3 C. C. NNP 34823 7508 4 B. B. NNP 34823 7508 5 , , , 34823 7508 6 274 274 CD 34823 7508 7 . . . 34823 7509 1 Specie Specie NNP 34823 7509 2 , , , 34823 7509 3 182 182 CD 34823 7509 4 . . . 34823 7510 1 Speculation Speculation NNP 34823 7510 2 , , , 34823 7510 3 60 60 CD 34823 7510 4 , , , 34823 7510 5 n. n. NNP 34823 7510 6 , , , 34823 7510 7 85 85 CD 34823 7510 8 , , , 34823 7510 9 143 143 CD 34823 7510 10 , , , 34823 7510 11 Ch Ch NNP 34823 7510 12 . . . 34823 7511 1 XIII XIII NNP 34823 7511 2 , , , 34823 7511 3 221 221 CD 34823 7511 4 , , , 34823 7511 5 225 225 CD 34823 7511 6 , , , 34823 7511 7 231 231 CD 34823 7511 8 , , , 34823 7511 9 233 233 CD 34823 7511 10 - - HYPH 34823 7511 11 41 41 CD 34823 7511 12 , , , 34823 7511 13 248ff 248ff NNP 34823 7511 14 . . NNP 34823 7511 15 , , , 34823 7511 16 267 267 CD 34823 7511 17 , , , 34823 7511 18 298 298 CD 34823 7511 19 , , , 34823 7511 20 363 363 CD 34823 7511 21 - - SYM 34823 7511 22 64 64 CD 34823 7511 23 , , , 34823 7511 24 382 382 CD 34823 7511 25 , , , 34823 7511 26 392 392 CD 34823 7511 27 , , , 34823 7511 28 503 503 CD 34823 7511 29 , , , 34823 7511 30 514 514 CD 34823 7511 31 - - SYM 34823 7511 32 28 28 CD 34823 7511 33 , , , 34823 7511 34 540ff 540ff NN 34823 7511 35 . . . 34823 7511 36 , , , 34823 7511 37 566 566 CD 34823 7511 38 - - SYM 34823 7511 39 67 67 CD 34823 7511 40 , , , 34823 7511 41 579 579 CD 34823 7511 42 , , , 34823 7511 43 585 585 CD 34823 7511 44 ; ; : 34823 7511 45 by by IN 34823 7511 46 manufacturers manufacturer NNS 34823 7511 47 , , , 34823 7511 48 wholesalers wholesaler NNS 34823 7511 49 , , , 34823 7511 50 and and CC 34823 7511 51 retailers retailer NNS 34823 7511 52 , , , 34823 7511 53 243 243 CD 34823 7511 54 - - SYM 34823 7511 55 44 44 CD 34823 7511 56 , , , 34823 7511 57 252 252 CD 34823 7511 58 - - SYM 34823 7511 59 54 54 CD 34823 7511 60 ; ; : 34823 7511 61 commodity commodity NN 34823 7511 62 , , , 34823 7511 63 251ff 251ff NNP 34823 7511 64 . . NNP 34823 7511 65 , , , 34823 7511 66 379 379 CD 34823 7511 67 - - SYM 34823 7511 68 80 80 CD 34823 7511 69 , , , 34823 7511 70 406 406 CD 34823 7511 71 , , , 34823 7511 72 503 503 CD 34823 7511 73 , , , 34823 7511 74 540 540 CD 34823 7511 75 - - SYM 34823 7511 76 42 42 CD 34823 7511 77 ; ; : 34823 7511 78 influence influence NN 34823 7511 79 of of IN 34823 7511 80 , , , 34823 7511 81 on on IN 34823 7511 82 bank bank NN 34823 7511 83 clearings clearing NNS 34823 7511 84 , , , 34823 7511 85 237 237 CD 34823 7511 86 - - SYM 34823 7511 87 41 41 CD 34823 7511 88 ; ; : 34823 7511 89 land land NN 34823 7511 90 , , , 34823 7511 91 254 254 CD 34823 7511 92 ; ; : 34823 7511 93 in in IN 34823 7511 94 London London NNP 34823 7511 95 , , , 34823 7511 96 540ff 540ff NN 34823 7511 97 . . . 34823 7512 1 ; ; : 34823 7512 2 " " `` 34823 7512 3 odd odd JJ 34823 7512 4 lot lot NN 34823 7512 5 , , , 34823 7512 6 " " '' 34823 7512 7 249 249 CD 34823 7512 8 , , , 34823 7512 9 370 370 CD 34823 7512 10 . . . 34823 7513 1 Speculators speculator NNS 34823 7513 2 , , , 34823 7513 3 31 31 CD 34823 7513 4 , , , 34823 7513 5 249 249 CD 34823 7513 6 , , , 34823 7513 7 263 263 CD 34823 7513 8 , , , 34823 7513 9 322 322 CD 34823 7513 10 , , , 34823 7513 11 488 488 CD 34823 7513 12 , , , 34823 7513 13 499 499 CD 34823 7513 14 , , , 34823 7513 15 523 523 CD 34823 7513 16 - - SYM 34823 7513 17 27 27 CD 34823 7513 18 , , , 34823 7513 19 529 529 CD 34823 7513 20 , , , 34823 7513 21 544 544 CD 34823 7513 22 ; ; : 34823 7513 23 _ _ NNP 34823 7513 24 vs. vs. IN 34823 7513 25 _ _ NNP 34823 7513 26 investors investor NNS 34823 7513 27 . . . 34823 7514 1 See see VB 34823 7514 2 INVESTMENT INVESTMENT NNP 34823 7514 3 . . . 34823 7515 1 Spencer Spencer NNP 34823 7515 2 , , , 34823 7515 3 Herbert Herbert NNP 34823 7515 4 , , , 34823 7515 5 571 571 CD 34823 7515 6 . . . 34823 7516 1 " " `` 34823 7516 2 Spot spot NN 34823 7516 3 " " '' 34823 7516 4 transactions transaction NNS 34823 7516 5 , , , 34823 7516 6 251 251 CD 34823 7516 7 . . . 34823 7517 1 Sprague Sprague NNP 34823 7517 2 , , , 34823 7517 3 O. O. NNP 34823 7517 4 M. M. NNP 34823 7517 5 W. W. NNP 34823 7517 6 , , , 34823 7517 7 174 174 CD 34823 7517 8 , , , 34823 7517 9 n. n. NNP 34823 7517 10 , , , 34823 7517 11 200 200 CD 34823 7517 12 , , , 34823 7517 13 354 354 CD 34823 7517 14 , , , 34823 7517 15 n. n. NNP 34823 7517 16 , , , 34823 7517 17 378 378 CD 34823 7517 18 , , , 34823 7517 19 502 502 CD 34823 7517 20 , , , 34823 7517 21 n. n. NNP 34823 7517 22 _ _ NNP 34823 7517 23 Staatliche Staatliche NNP 34823 7517 24 Theorie Theorie NNP 34823 7517 25 _ _ NNP 34823 7517 26 , , , 34823 7517 27 433 433 CD 34823 7517 28 , , , 34823 7517 29 n. n. NNP 34823 7517 30 , , , 34823 7517 31 ff ff NNP 34823 7517 32 . . . 34823 7518 1 Stabilizing stabilize VBG 34823 7518 2 the the DT 34823 7518 3 value value NN 34823 7518 4 of of IN 34823 7518 5 money money NN 34823 7518 6 , , , 34823 7518 7 152 152 CD 34823 7518 8 , , , 34823 7518 9 194 194 CD 34823 7518 10 . . . 34823 7519 1 Standard standard NN 34823 7519 2 , , , 34823 7519 3 of of IN 34823 7519 4 deferred defer VBN 34823 7519 5 payments payment NNS 34823 7519 6 , , , 34823 7519 7 326 326 CD 34823 7519 8 , , , 34823 7519 9 391 391 CD 34823 7519 10 , , , 34823 7519 11 418 418 CD 34823 7519 12 , , , 34823 7519 13 436 436 CD 34823 7519 14 ; ; : 34823 7519 15 of of IN 34823 7519 16 value value NN 34823 7519 17 , , , 34823 7519 18 133 133 CD 34823 7519 19 , , , 34823 7519 20 201 201 CD 34823 7519 21 , , , 34823 7519 22 390 390 CD 34823 7519 23 , , , 34823 7519 24 418 418 CD 34823 7519 25 - - SYM 34823 7519 26 23 23 CD 34823 7519 27 . . . 34823 7520 1 See see VB 34823 7520 2 MEASURE measure NN 34823 7520 3 OF of IN 34823 7520 4 VALUES values NN 34823 7520 5 . . . 34823 7521 1 Money money NN 34823 7521 2 , , , 34823 7521 3 135 135 CD 34823 7521 4 , , , 34823 7521 5 325 325 CD 34823 7521 6 - - SYM 34823 7521 7 26 26 CD 34823 7521 8 , , , 34823 7521 9 421 421 CD 34823 7521 10 , , , 34823 7521 11 445 445 CD 34823 7521 12 ; ; : 34823 7521 13 " " `` 34823 7521 14 primary primary JJ 34823 7521 15 " " '' 34823 7521 16 and and CC 34823 7521 17 " " `` 34823 7521 18 secondary secondary JJ 34823 7521 19 , , , 34823 7521 20 " " '' 34823 7521 21 422 422 CD 34823 7521 22 ; ; : 34823 7521 23 tabular tabular JJ 34823 7521 24 , , , 34823 7521 25 152 152 CD 34823 7521 26 , , , 34823 7521 27 436 436 CD 34823 7521 28 . . . 34823 7522 1 State state NN 34823 7522 2 banks bank NNS 34823 7522 3 , , , 34823 7522 4 234 234 CD 34823 7522 5 , , , 34823 7522 6 322 322 CD 34823 7522 7 , , , 34823 7522 8 338 338 CD 34823 7522 9 , , , 34823 7522 10 342 342 CD 34823 7522 11 , , , 34823 7522 12 n. n. NN 34823 7522 13 , , , 34823 7522 14 343 343 CD 34823 7522 15 , , , 34823 7522 16 345 345 CD 34823 7522 17 , , , 34823 7522 18 347 347 CD 34823 7522 19 , , , 34823 7522 20 498 498 CD 34823 7522 21 - - SYM 34823 7522 22 99 99 CD 34823 7522 23 , , , 34823 7522 24 505 505 CD 34823 7522 25 - - SYM 34823 7522 26 09 09 CD 34823 7522 27 ; ; , 34823 7522 28 collateral collateral NN 34823 7522 29 loans loan NNS 34823 7522 30 in in IN 34823 7522 31 , , , 34823 7522 32 505 505 CD 34823 7522 33 - - SYM 34823 7522 34 06 06 CD 34823 7522 35 , , , 34823 7522 36 507 507 CD 34823 7522 37 . . . 34823 7523 1 Static static JJ 34823 7523 2 theory theory NN 34823 7523 3 , , , 34823 7523 4 11 11 CD 34823 7523 5 , , , 34823 7523 6 42 42 CD 34823 7523 7 , , , 34823 7523 8 93 93 CD 34823 7523 9 , , , 34823 7523 10 106ff 106ff NNS 34823 7523 11 . . . 34823 7523 12 , , , 34823 7523 13 176 176 CD 34823 7523 14 , , , 34823 7523 15 n. n. NNP 34823 7523 16 , , , 34823 7523 17 177 177 CD 34823 7523 18 , , , 34823 7523 19 n. n. NN 34823 7523 20 , , , 34823 7523 21 Ch Ch NNP 34823 7523 22 . . . 34823 7524 1 X X NNP 34823 7524 2 , , , 34823 7524 3 219 219 CD 34823 7524 4 , , , 34823 7524 5 n. n. NNP 34823 7524 6 , , , 34823 7524 7 223 223 CD 34823 7524 8 , , , 34823 7524 9 254 254 CD 34823 7524 10 , , , 34823 7524 11 262 262 CD 34823 7524 12 - - SYM 34823 7524 13 66 66 CD 34823 7524 14 , , , 34823 7524 15 292 292 CD 34823 7524 16 - - SYM 34823 7524 17 93 93 CD 34823 7524 18 , , , 34823 7524 19 395 395 CD 34823 7524 20 - - SYM 34823 7524 21 96 96 CD 34823 7524 22 , , , 34823 7524 23 403 403 CD 34823 7524 24 , , , 34823 7524 25 426 426 CD 34823 7524 26 , , , 34823 7524 27 433 433 CD 34823 7524 28 , , , 34823 7524 29 n. n. NNP 34823 7524 30 , , , 34823 7524 31 474 474 CD 34823 7524 32 , , , 34823 7524 33 481 481 CD 34823 7524 34 , , , 34823 7524 35 n. n. NNP 34823 7524 36 , , , 34823 7524 37 485 485 CD 34823 7524 38 , , , 34823 7524 39 487 487 CD 34823 7524 40 , , , 34823 7524 41 488 488 CD 34823 7524 42 , , , 34823 7524 43 536 536 CD 34823 7524 44 - - SYM 34823 7524 45 44 44 CD 34823 7524 46 , , , 34823 7524 47 Ch Ch NNP 34823 7524 48 . . . 34823 7525 1 XXV XXV NNP 34823 7525 2 ; ; : 34823 7525 3 abstracts abstract NNS 34823 7525 4 from from IN 34823 7525 5 money money NN 34823 7525 6 , , , 34823 7525 7 99 99 CD 34823 7525 8 , , , 34823 7525 9 265 265 CD 34823 7525 10 - - SYM 34823 7525 11 66 66 CD 34823 7525 12 , , , 34823 7525 13 392 392 CD 34823 7525 14 ; ; : 34823 7525 15 relation relation NN 34823 7525 16 of of IN 34823 7525 17 , , , 34823 7525 18 to to IN 34823 7525 19 speculation speculation NN 34823 7525 20 , , , 34823 7525 21 263ff 263ff NNP 34823 7525 22 . . NNP 34823 7525 23 , , , 34823 7525 24 392 392 CD 34823 7525 25 , , , 34823 7525 26 474 474 CD 34823 7525 27 ; ; : 34823 7525 28 dynamics dynamic NNS 34823 7525 29 and and CC 34823 7525 30 , , , 34823 7525 31 reconciliation reconciliation NN 34823 7525 32 of of IN 34823 7525 33 , , , 34823 7525 34 Ch Ch NNP 34823 7525 35 . . . 34823 7526 1 XXV XXV NNP 34823 7526 2 . . . 34823 7527 1 See see VB 34823 7527 2 also also RB 34823 7527 3 , , , 34823 7527 4 SALEABILITY SALEABILITY NNP 34823 7527 5 , , , 34823 7527 6 LIQUIDITY LIQUIDITY NNP 34823 7527 7 , , , 34823 7527 8 FLUIDITY FLUIDITY NNP 34823 7527 9 , , , 34823 7527 10 " " '' 34823 7527 11 NORMAL NORMAL NNP 34823 7527 12 TENDENCY TENDENCY NNP 34823 7527 13 , , , 34823 7527 14 " " '' 34823 7527 15 EQUILIBRIUM EQUILIBRIUM NNP 34823 7527 16 , , , 34823 7527 17 " " '' 34823 7527 18 WEALTH WEALTH NNP 34823 7527 19 OF of IN 34823 7527 20 NATIONS NATIONS NNP 34823 7527 21 , , , 34823 7527 22 THEORY THEORY NNP 34823 7527 23 OF of IN 34823 7527 24 , , , 34823 7527 25 " " '' 34823 7527 26 DYNAMICS dynamic NNS 34823 7527 27 , , , 34823 7527 28 TRANSITION transition NN 34823 7527 29 PERIOD PERIOD NNP 34823 7527 30 , , , 34823 7527 31 PROSPERITY prosperity NN 34823 7527 32 , , , 34823 7527 33 THEORY THEORY NNP 34823 7527 34 OF of IN 34823 7527 35 , , , 34823 7527 36 GOOD good NN 34823 7527 37 WILL WILL MD 34823 7527 38 , , , 34823 7527 39 " " `` 34823 7527 40 BUSINESS BUSINESS NNP 34823 7527 41 CAPITAL capital NN 34823 7527 42 , , , 34823 7527 43 " " '' 34823 7527 44 FRICTION FRICTION NNP 34823 7527 45 , , , 34823 7527 46 HISTORICAL HISTORICAL NNP 34823 7527 47 _ _ NNP 34823 7527 48 vs. vs. IN 34823 7527 49 _ _ NNP 34823 7527 50 CROSS CROSS NNP 34823 7527 51 - - HYPH 34823 7527 52 SECTION section NN 34823 7527 53 VIEWPOINTS viewpoints NN 34823 7527 54 . . . 34823 7528 1 Statistics statistic NNS 34823 7528 2 , , , 34823 7528 3 237 237 CD 34823 7528 4 , , , 34823 7528 5 n. n. NNP 34823 7528 6 , , , 34823 7528 7 272 272 CD 34823 7528 8 , , , 34823 7528 9 n. n. NN 34823 7528 10 , , , 34823 7528 11 Ch Ch NNP 34823 7528 12 . . . 34823 7529 1 XIX XIX NNP 34823 7529 2 ; ; : 34823 7529 3 of of IN 34823 7529 4 banking banking NN 34823 7529 5 assets asset NNS 34823 7529 6 , , , 34823 7529 7 498 498 CD 34823 7529 8 , , , 34823 7529 9 503 503 CD 34823 7529 10 - - HYPH 34823 7529 11 04 04 CD 34823 7529 12 , , , 34823 7529 13 506 506 CD 34823 7529 14 , , , 34823 7529 15 509 509 CD 34823 7529 16 - - SYM 34823 7529 17 11 11 CD 34823 7529 18 ; ; : 34823 7529 19 of of IN 34823 7529 20 bank bank NN 34823 7529 21 - - HYPH 34823 7529 22 drafts drafts NNP 34823 7529 23 on on IN 34823 7529 24 New New NNP 34823 7529 25 York York NNP 34823 7529 26 and and CC 34823 7529 27 other other JJ 34823 7529 28 centres centre NNS 34823 7529 29 , , , 34823 7529 30 357 357 CD 34823 7529 31 ; ; : 34823 7529 32 of of IN 34823 7529 33 " " `` 34823 7529 34 equation equation NNP 34823 7529 35 of of IN 34823 7529 36 exchange exchange NN 34823 7529 37 , , , 34823 7529 38 " " `` 34823 7529 39 191 191 CD 34823 7529 40 , , , 34823 7529 41 213 213 CD 34823 7529 42 , , , 34823 7529 43 Ch Ch NNP 34823 7529 44 . . . 34823 7530 1 XIX xix NN 34823 7530 2 ; ; : 34823 7530 3 of of IN 34823 7530 4 foreign foreign JJ 34823 7530 5 and and CC 34823 7530 6 domestic domestic JJ 34823 7530 7 trade trade NN 34823 7530 8 , , , 34823 7530 9 appendix appendix NNP 34823 7530 10 to to IN 34823 7530 11 Ch Ch NNP 34823 7530 12 . . . 34823 7531 1 XIII XIII NNP 34823 7531 2 ; ; : 34823 7531 3 of of IN 34823 7531 4 gold gold NN 34823 7531 5 consumption consumption NN 34823 7531 6 , , , 34823 7531 7 412 412 CD 34823 7531 8 , , , 34823 7531 9 n. n. NN 34823 7531 10 ; ; : 34823 7531 11 of of IN 34823 7531 12 money money NN 34823 7531 13 in in IN 34823 7531 14 banks bank NNS 34823 7531 15 , , , 34823 7531 16 _ _ NNP 34823 7531 17 vs. vs. IN 34823 7531 18 _ _ NNP 34823 7531 19 money money NN 34823 7531 20 in in IN 34823 7531 21 circulation circulation NN 34823 7531 22 , , , 34823 7531 23 179 179 CD 34823 7531 24 ; ; : 34823 7531 25 of of IN 34823 7531 26 money money NN 34823 7531 27 - - HYPH 34823 7531 28 rates rate NNS 34823 7531 29 , , , 34823 7531 30 430 430 CD 34823 7531 31 - - SYM 34823 7531 32 31 31 CD 34823 7531 33 ; ; : 34823 7531 34 of of IN 34823 7531 35 net net JJ 34823 7531 36 income income NN 34823 7531 37 of of IN 34823 7531 38 the the DT 34823 7531 39 United United NNP 34823 7531 40 States States NNP 34823 7531 41 , , , 34823 7531 42 246 246 CD 34823 7531 43 , , , 34823 7531 44 247 247 CD 34823 7531 45 , , , 34823 7531 46 n. n. NNP 34823 7531 47 , , , 34823 7531 48 278 278 CD 34823 7531 49 ; ; : 34823 7531 50 of of IN 34823 7531 51 prices price NNS 34823 7531 52 , , , 34823 7531 53 278 278 CD 34823 7531 54 ; ; : 34823 7531 55 of of IN 34823 7531 56 quantity quantity NN 34823 7531 57 theory theory NN 34823 7531 58 , , , 34823 7531 59 285 285 CD 34823 7531 60 , , , 34823 7531 61 n. n. NN 34823 7531 62 , , , 34823 7531 63 Ch Ch NNP 34823 7531 64 . . . 34823 7532 1 XIX xix NN 34823 7532 2 ; ; : 34823 7532 3 ratio ratio NN 34823 7532 4 , , , 34823 7532 5 loans loan NNS 34823 7532 6 to to IN 34823 7532 7 deposits deposit NNS 34823 7532 8 , , , 34823 7532 9 286 286 CD 34823 7532 10 - - SYM 34823 7532 11 87 87 CD 34823 7532 12 , , , 34823 7532 13 n. n. NNP 34823 7532 14 ; ; : 34823 7532 15 reserves reserve NNS 34823 7532 16 , , , 34823 7532 17 178 178 CD 34823 7532 18 - - SYM 34823 7532 19 79 79 CD 34823 7532 20 , , , 34823 7532 21 286 286 CD 34823 7532 22 - - SYM 34823 7532 23 87 87 CD 34823 7532 24 , , , 34823 7532 25 n. n. NNP 34823 7532 26 ; ; : 34823 7532 27 of of IN 34823 7532 28 speculation speculation NN 34823 7532 29 , , , 34823 7532 30 248ff 248ff NNP 34823 7532 31 . . . 34823 7533 1 ; ; : 34823 7533 2 of of IN 34823 7533 3 trade trade NN 34823 7533 4 , , , 34823 7533 5 227ff 227ff NNP 34823 7533 6 . . NNP 34823 7533 7 , , , 34823 7533 8 Ch Ch NNP 34823 7533 9 . . . 34823 7534 1 XIII XIII NNP 34823 7534 2 , , , 34823 7534 3 363 363 CD 34823 7534 4 - - SYM 34823 7534 5 81 81 CD 34823 7534 6 ; ; : 34823 7534 7 " " `` 34823 7534 8 ordinary ordinary JJ 34823 7534 9 trade trade NN 34823 7534 10 , , , 34823 7534 11 " " '' 34823 7534 12 240 240 CD 34823 7534 13 - - HYPH 34823 7534 14 47 47 CD 34823 7534 15 ; ; : 34823 7534 16 of of IN 34823 7534 17 velocity velocity NN 34823 7534 18 , , , 34823 7534 19 339 339 CD 34823 7534 20 , , , 34823 7534 21 361 361 CD 34823 7534 22 - - SYM 34823 7534 23 63 63 CD 34823 7534 24 . . . 34823 7535 1 See see VB 34823 7535 2 WEIGHTING WEIGHTING NNP 34823 7535 3 IN in IN 34823 7535 4 STATISTICS STATISTICS NNP 34823 7535 5 . . . 34823 7536 1 Stevens Stevens NNP 34823 7536 2 , , , 34823 7536 3 W. W. NNP 34823 7536 4 S. S. NNP 34823 7536 5 , , , 34823 7536 6 199 199 CD 34823 7536 7 , , , 34823 7536 8 n. n. NN 34823 7536 9 St. St. NNP 34823 7536 10 Louis Louis NNP 34823 7536 11 , , , 34823 7536 12 246 246 CD 34823 7536 13 , , , 34823 7536 14 252 252 CD 34823 7536 15 , , , 34823 7536 16 289 289 CD 34823 7536 17 , , , 34823 7536 18 n. n. NNP 34823 7536 19 , , , 34823 7536 20 503 503 CD 34823 7536 21 ; ; : 34823 7536 22 Merchants Merchants NNP 34823 7536 23 ' ' POS 34823 7536 24 Exchange Exchange NNP 34823 7536 25 , , , 34823 7536 26 253 253 CD 34823 7536 27 . . . 34823 7537 1 Stock Stock NNP 34823 7537 2 exchange exchange NN 34823 7537 3 , , , 34823 7537 4 31 31 CD 34823 7537 5 , , , 34823 7537 6 145 145 CD 34823 7537 7 , , , 34823 7537 8 254 254 CD 34823 7537 9 , , , 34823 7537 10 282 282 CD 34823 7537 11 , , , 34823 7537 12 n. n. NNP 34823 7537 13 , , , 34823 7537 14 369ff 369ff NNP 34823 7537 15 . . NNP 34823 7537 16 , , , 34823 7537 17 406 406 CD 34823 7537 18 , , , 34823 7537 19 458 458 CD 34823 7537 20 , , , 34823 7537 21 491 491 CD 34823 7537 22 , , , 34823 7537 23 520 520 CD 34823 7537 24 , , , 34823 7537 25 521 521 CD 34823 7537 26 - - SYM 34823 7537 27 23 23 CD 34823 7537 28 , , , 34823 7537 29 527 527 CD 34823 7537 30 , , , 34823 7537 31 541 541 CD 34823 7537 32 , , , 34823 7537 33 564 564 CD 34823 7537 34 ; ; : 34823 7537 35 New New NNP 34823 7537 36 York York NNP 34823 7537 37 Stock Stock NNP 34823 7537 38 Exchange Exchange NNP 34823 7537 39 , , , 34823 7537 40 242 242 CD 34823 7537 41 , , , 34823 7537 42 248ff 248ff NNP 34823 7537 43 . . NNP 34823 7537 44 , , , 34823 7537 45 268 268 CD 34823 7537 46 , , , 34823 7537 47 344 344 CD 34823 7537 48 , , , 34823 7537 49 430 430 CD 34823 7537 50 - - SYM 34823 7537 51 31 31 CD 34823 7537 52 , , , 34823 7537 53 514 514 CD 34823 7537 54 , , , 34823 7537 55 521 521 CD 34823 7537 56 - - SYM 34823 7537 57 23 23 CD 34823 7537 58 , , , 34823 7537 59 541 541 CD 34823 7537 60 ; ; : 34823 7537 61 clearing clear VBG 34823 7537 62 house house NN 34823 7537 63 in in IN 34823 7537 64 , , , 34823 7537 65 199 199 CD 34823 7537 66 - - HYPH 34823 7537 67 200 200 CD 34823 7537 68 , , , 34823 7537 69 369 369 CD 34823 7537 70 - - SYM 34823 7537 71 75 75 CD 34823 7537 72 ; ; : 34823 7537 73 share share NN 34823 7537 74 sales sale NNS 34823 7537 75 on on IN 34823 7537 76 , , , 34823 7537 77 volume volume NN 34823 7537 78 of of IN 34823 7537 79 , , , 34823 7537 80 248ff 248ff NNP 34823 7537 81 . . NNP 34823 7537 82 , , , 34823 7537 83 521 521 CD 34823 7537 84 , , , 34823 7537 85 n. n. NNP 34823 7537 86 , , , 34823 7537 87 522 522 CD 34823 7537 88 , , , 34823 7537 89 n. n. NNP 34823 7537 90 , , , 34823 7537 91 541 541 CD 34823 7537 92 ; ; : 34823 7537 93 share share NN 34823 7537 94 sales sale NNS 34823 7537 95 on on RP 34823 7537 96 , , , 34823 7537 97 correlated correlate VBD 34823 7537 98 with with IN 34823 7537 99 bank bank NN 34823 7537 100 clearings clearing NNS 34823 7537 101 , , , 34823 7537 102 237ff 237ff NNP 34823 7537 103 . . NNP 34823 7537 104 , , , 34823 7537 105 516 516 CD 34823 7537 106 ; ; : 34823 7537 107 bond bond NN 34823 7537 108 sales sale NNS 34823 7537 109 on on IN 34823 7537 110 , , , 34823 7537 111 249 249 CD 34823 7537 112 , , , 34823 7537 113 370 370 CD 34823 7537 114 ; ; : 34823 7537 115 " " `` 34823 7537 116 odd odd JJ 34823 7537 117 lot lot NN 34823 7537 118 " " '' 34823 7537 119 dealings dealing NNS 34823 7537 120 on on IN 34823 7537 121 , , , 34823 7537 122 249 249 CD 34823 7537 123 , , , 34823 7537 124 370 370 CD 34823 7537 125 , , , 34823 7537 126 374 374 CD 34823 7537 127 ; ; : 34823 7537 128 security security NN 34823 7537 129 dealings dealing NNS 34823 7537 130 outside outside RB 34823 7537 131 , , , 34823 7537 132 250 250 CD 34823 7537 133 - - SYM 34823 7537 134 51 51 CD 34823 7537 135 , , , 34823 7537 136 514 514 CD 34823 7537 137 ; ; : 34823 7537 138 compared compare VBN 34823 7537 139 with with IN 34823 7537 140 other other JJ 34823 7537 141 exchanges exchange NNS 34823 7537 142 , , , 34823 7537 143 250 250 CD 34823 7537 144 , , , 34823 7537 145 541 541 CD 34823 7537 146 . . . 34823 7538 1 Stocks stock NNS 34823 7538 2 and and CC 34823 7538 3 bonds bond NNS 34823 7538 4 , , , 34823 7538 5 essential essential JJ 34823 7538 6 identity identity NN 34823 7538 7 of of IN 34823 7538 8 , , , 34823 7538 9 460 460 CD 34823 7538 10 - - SYM 34823 7538 11 61 61 CD 34823 7538 12 , , , 34823 7538 13 476 476 CD 34823 7538 14 - - SYM 34823 7538 15 77 77 CD 34823 7538 16 ; ; : 34823 7538 17 " " `` 34823 7538 18 borrowing borrowing NN 34823 7538 19 " " '' 34823 7538 20 of of IN 34823 7538 21 , , , 34823 7538 22 145 145 CD 34823 7538 23 - - SYM 34823 7538 24 46 46 CD 34823 7538 25 , , , 34823 7538 26 371 371 CD 34823 7538 27 - - SYM 34823 7538 28 74 74 CD 34823 7538 29 , , , 34823 7538 30 471 471 CD 34823 7538 31 - - SYM 34823 7538 32 72 72 CD 34823 7538 33 ; ; : 34823 7538 34 value value NN 34823 7538 35 of of IN 34823 7538 36 . . . 34823 7539 1 See see VB 34823 7539 2 VALUE value NN 34823 7539 3 . . . 34823 7540 1 " " `` 34823 7540 2 Stop stop VB 34823 7540 3 loss loss NN 34823 7540 4 " " '' 34823 7540 5 orders order NNS 34823 7540 6 , , , 34823 7540 7 249 249 CD 34823 7540 8 , , , 34823 7540 9 373 373 CD 34823 7540 10 , , , 34823 7540 11 n. n. NN 34823 7540 12 Store store NN 34823 7540 13 of of IN 34823 7540 14 value value NN 34823 7540 15 , , , 34823 7540 16 314 314 CD 34823 7540 17 , , , 34823 7540 18 n. n. NNP 34823 7540 19 , , , 34823 7540 20 408 408 CD 34823 7540 21 , , , 34823 7540 22 418 418 CD 34823 7540 23 , , , 34823 7540 24 424 424 CD 34823 7540 25 , , , 34823 7540 26 426 426 CD 34823 7540 27 , , , 34823 7540 28 451 451 CD 34823 7540 29 . . . 34823 7541 1 Sec Sec NNP 34823 7541 2 FUNCTIONS FUNCTIONS NNP 34823 7541 3 OF of IN 34823 7541 4 MONEY money NN 34823 7541 5 . . . 34823 7542 1 Substitutes substitute NNS 34823 7542 2 for for IN 34823 7542 3 money money NN 34823 7542 4 . . . 34823 7543 1 See see VB 34823 7543 2 MONEY money NN 34823 7543 3 , , , 34823 7543 4 NOT not RB 34823 7543 5 UNIQUE unique JJ 34823 7543 6 . . . 34823 7544 1 Suess Suess NNP 34823 7544 2 , , , 34823 7544 3 Eduard Eduard NNP 34823 7544 4 , , , 34823 7544 5 413 413 CD 34823 7544 6 , , , 34823 7544 7 n. n. NN 34823 7544 8 Suggestion Suggestion NNP 34823 7544 9 , , , 34823 7544 10 18 18 CD 34823 7544 11 , , , 34823 7544 12 36 36 CD 34823 7544 13 - - SYM 34823 7544 14 37 37 CD 34823 7544 15 , , , 34823 7544 16 97 97 CD 34823 7544 17 , , , 34823 7544 18 118 118 CD 34823 7544 19 , , , 34823 7544 20 405 405 CD 34823 7544 21 , , , 34823 7544 22 410 410 CD 34823 7544 23 , , , 34823 7544 24 411 411 CD 34823 7544 25 , , , 34823 7544 26 464 464 CD 34823 7544 27 - - SYM 34823 7544 28 66 66 CD 34823 7544 29 , , , 34823 7544 30 560 560 CD 34823 7544 31 , , , 34823 7544 32 570 570 CD 34823 7544 33 , , , 34823 7544 34 577 577 CD 34823 7544 35 - - SYM 34823 7544 36 78 78 CD 34823 7544 37 . . . 34823 7545 1 Supply supply NN 34823 7545 2 and and CC 34823 7545 3 demand demand NN 34823 7545 4 , , , 34823 7545 5 Ch Ch NNP 34823 7545 6 . . . 34823 7546 1 II II NNP 34823 7546 2 , , , 34823 7546 3 80 80 CD 34823 7546 4 , , , 34823 7546 5 295 295 CD 34823 7546 6 , , , 34823 7546 7 299 299 CD 34823 7546 8 - - SYM 34823 7546 9 300 300 CD 34823 7546 10 , , , 34823 7546 11 311 311 CD 34823 7546 12 , , , 34823 7546 13 n. n. NNP 34823 7546 14 , , , 34823 7546 15 389 389 CD 34823 7546 16 , , , 34823 7546 17 453 453 CD 34823 7546 18 ; ; : 34823 7546 19 applicable applicable JJ 34823 7546 20 to to IN 34823 7546 21 general general JJ 34823 7546 22 price price NN 34823 7546 23 level level NN 34823 7546 24 , , , 34823 7546 25 299 299 CD 34823 7546 26 - - SYM 34823 7546 27 300 300 CD 34823 7546 28 , , , 34823 7546 29 389 389 CD 34823 7546 30 ; ; : 34823 7546 31 assumes assume VBZ 34823 7546 32 fixed fix VBN 34823 7546 33 absolute absolute JJ 34823 7546 34 value value NN 34823 7546 35 of of IN 34823 7546 36 money money NN 34823 7546 37 , , , 34823 7546 38 52ff 52ff NN 34823 7546 39 . . . 34823 7546 40 , , , 34823 7546 41 313 313 CD 34823 7546 42 - - SYM 34823 7546 43 14 14 CD 34823 7546 44 , , , 34823 7546 45 389 389 CD 34823 7546 46 ; ; : 34823 7546 47 conflicts conflict NNS 34823 7546 48 with with IN 34823 7546 49 quantity quantity NN 34823 7546 50 theory theory NN 34823 7546 51 , , , 34823 7546 52 299 299 CD 34823 7546 53 - - SYM 34823 7546 54 300 300 CD 34823 7546 55 , , , 34823 7546 56 310 310 CD 34823 7546 57 - - SYM 34823 7546 58 11 11 CD 34823 7546 59 , , , 34823 7546 60 389 389 CD 34823 7546 61 ; ; : 34823 7546 62 not not RB 34823 7546 63 related relate VBN 34823 7546 64 to to IN 34823 7546 65 quantity quantity NN 34823 7546 66 theory theory NN 34823 7546 67 , , , 34823 7546 68 46 46 CD 34823 7546 69 - - SYM 34823 7546 70 47 47 CD 34823 7546 71 , , , 34823 7546 72 59 59 CD 34823 7546 73 - - SYM 34823 7546 74 61 61 CD 34823 7546 75 , , , 34823 7546 76 295 295 CD 34823 7546 77 ; ; : 34823 7546 78 inapplicable inapplicable JJ 34823 7546 79 to to TO 34823 7546 80 money money NN 34823 7546 81 , , , 34823 7546 82 Ch Ch NNP 34823 7546 83 . . . 34823 7547 1 II II NNP 34823 7547 2 , , , 34823 7547 3 389 389 CD 34823 7547 4 ; ; : 34823 7547 5 applied apply VBN 34823 7547 6 to to IN 34823 7547 7 money money NN 34823 7547 8 , , , 34823 7547 9 59 59 CD 34823 7547 10 - - SYM 34823 7547 11 62 62 CD 34823 7547 12 , , , 34823 7547 13 325 325 CD 34823 7547 14 , , , 34823 7547 15 453 453 CD 34823 7547 16 , , , 34823 7547 17 n. n. NN 34823 7547 18 ; ; : 34823 7547 19 in in IN 34823 7547 20 " " `` 34823 7547 21 money money NN 34823 7547 22 market market NN 34823 7547 23 , , , 34823 7547 24 " " '' 34823 7547 25 62 62 CD 34823 7547 26 - - SYM 34823 7547 27 63 63 CD 34823 7547 28 , , , 34823 7547 29 224 224 CD 34823 7547 30 , , , 34823 7547 31 453 453 CD 34823 7547 32 ; ; : 34823 7547 33 relation relation NN 34823 7547 34 of of IN 34823 7547 35 , , , 34823 7547 36 to to TO 34823 7547 37 cost cost NN 34823 7547 38 of of IN 34823 7547 39 production production NN 34823 7547 40 , , , 34823 7547 41 50 50 CD 34823 7547 42 , , , 34823 7547 43 69 69 CD 34823 7547 44 - - SYM 34823 7547 45 70 70 CD 34823 7547 46 ; ; : 34823 7547 47 relation relation NN 34823 7547 48 of of IN 34823 7547 49 , , , 34823 7547 50 to to IN 34823 7547 51 marginal marginal JJ 34823 7547 52 utility utility NN 34823 7547 53 , , , 34823 7547 54 Ch Ch NNP 34823 7547 55 . . . 34823 7548 1 II II NNP 34823 7548 2 , , , 34823 7548 3 Ch Ch NNP 34823 7548 4 . . . 34823 7549 1 V V NNP 34823 7549 2 , , , 34823 7549 3 esp esp RB 34823 7549 4 . . . 34823 7550 1 94 94 CD 34823 7550 2 - - SYM 34823 7550 3 95 95 CD 34823 7550 4 , , , 34823 7550 5 and and CC 34823 7550 6 114 114 CD 34823 7550 7 , , , 34823 7550 8 n. n. NNP 34823 7550 9 T T NNP 34823 7550 10 Tabular Tabular NNP 34823 7550 11 standard standard NN 34823 7550 12 , , , 34823 7550 13 152 152 CD 34823 7550 14 , , , 34823 7550 15 436 436 CD 34823 7550 16 , , , 34823 7550 17 451 451 CD 34823 7550 18 . . . 34823 7551 1 Tarde Tarde NNP 34823 7551 2 , , , 34823 7551 3 G. G. NNP 34823 7551 4 , , , 34823 7551 5 18 18 CD 34823 7551 6 , , , 34823 7551 7 37 37 CD 34823 7551 8 , , , 34823 7551 9 466 466 CD 34823 7551 10 , , , 34823 7551 11 568 568 CD 34823 7551 12 . . . 34823 7552 1 Tariff tariff NN 34823 7552 2 . . . 34823 7553 1 See see VB 34823 7553 2 PROTECTIVE protective NN 34823 7553 3 TARIFF TARIFF NNP 34823 7553 4 . . . 34823 7554 1 Taussig Taussig NNP 34823 7554 2 , , , 34823 7554 3 F. F. NNP 34823 7554 4 W. W. NNP 34823 7554 5 , , , 34823 7554 6 48 48 CD 34823 7554 7 , , , 34823 7554 8 49 49 CD 34823 7554 9 , , , 34823 7554 10 107 107 CD 34823 7554 11 , , , 34823 7554 12 123 123 CD 34823 7554 13 , , , 34823 7554 14 n. n. NNP 34823 7554 15 , , , 34823 7554 16 129 129 CD 34823 7554 17 , , , 34823 7554 18 151 151 CD 34823 7554 19 , , , 34823 7554 20 n. n. NNP 34823 7554 21 , , , 34823 7554 22 155 155 CD 34823 7554 23 , , , 34823 7554 24 182 182 CD 34823 7554 25 - - SYM 34823 7554 26 85 85 CD 34823 7554 27 , , , 34823 7554 28 192 192 CD 34823 7554 29 , , , 34823 7554 30 216 216 CD 34823 7554 31 , , , 34823 7554 32 254 254 CD 34823 7554 33 , , , 34823 7554 34 276 276 CD 34823 7554 35 , , , 34823 7554 36 n. n. NNP 34823 7554 37 , , , 34823 7554 38 379 379 CD 34823 7554 39 , , , 34823 7554 40 532 532 CD 34823 7554 41 , , , 34823 7554 42 n. n. NNP 34823 7554 43 , , , 34823 7554 44 537 537 CD 34823 7554 45 . . . 34823 7555 1 " " `` 34823 7555 2 Taxonomy Taxonomy NNP 34823 7555 3 " " '' 34823 7555 4 in in IN 34823 7555 5 economic economic JJ 34823 7555 6 theory theory NN 34823 7555 7 , , , 34823 7555 8 563 563 CD 34823 7555 9 - - SYM 34823 7555 10 64 64 CD 34823 7555 11 , , , 34823 7555 12 565 565 CD 34823 7555 13 , , , 34823 7555 14 566 566 CD 34823 7555 15 . . . 34823 7556 1 Taylor Taylor NNP 34823 7556 2 , , , 34823 7556 3 Jas Jas NNP 34823 7556 4 . . . 34823 7557 1 H. H. NNP 34823 7557 2 , , , 34823 7557 3 252 252 CD 34823 7557 4 , , , 34823 7557 5 n. n. NN 34823 7557 6 Taylor Taylor NNP 34823 7557 7 , , , 34823 7557 8 W. W. NNP 34823 7557 9 G. G. NNP 34823 7557 10 L. L. NNP 34823 7557 11 , , , 34823 7557 12 13 13 CD 34823 7557 13 . . . 34823 7558 1 Technology technology NN 34823 7558 2 , , , 34823 7558 3 571 571 CD 34823 7558 4 - - SYM 34823 7558 5 74 74 CD 34823 7558 6 , , , 34823 7558 7 576 576 CD 34823 7558 8 , , , 34823 7558 9 590 590 CD 34823 7558 10 - - SYM 34823 7558 11 91 91 CD 34823 7558 12 ; ; : 34823 7558 13 " " `` 34823 7558 14 technology technology NN 34823 7558 15 of of IN 34823 7558 16 social social JJ 34823 7558 17 control control NN 34823 7558 18 . . . 34823 7558 19 " " '' 34823 7559 1 See see VB 34823 7559 2 SOCIAL social JJ 34823 7559 3 CONTROL control NN 34823 7559 4 . . . 34823 7560 1 Temporal Temporal NNP 34823 7560 2 _ _ NNP 34823 7560 3 regressus regressus NN 34823 7560 4 _ _ NNP 34823 7560 5 . . . 34823 7561 1 See see VB 34823 7561 2 HISTORICAL HISTORICAL NNP 34823 7561 3 _ _ NNP 34823 7561 4 vs. vs. IN 34823 7561 5 _ _ NNP 34823 7561 6 CROSS CROSS NNP 34823 7561 7 - - HYPH 34823 7561 8 SECTION section NN 34823 7561 9 VIEWPOINTS viewpoints NN 34823 7561 10 . . . 34823 7562 1 Thompson Thompson NNP 34823 7562 2 , , , 34823 7562 3 Burton Burton NNP 34823 7562 4 , , , 34823 7562 5 on on IN 34823 7562 6 barter barter NN 34823 7562 7 in in IN 34823 7562 8 New New NNP 34823 7562 9 York York NNP 34823 7562 10 City City NNP 34823 7562 11 real real JJ 34823 7562 12 estate estate NN 34823 7562 13 dealings dealing NNS 34823 7562 14 , , , 34823 7562 15 198 198 CD 34823 7562 16 , , , 34823 7562 17 n. n. NN 34823 7562 18 Ticker Ticker NNP 34823 7562 19 , , , 34823 7562 20 248 248 CD 34823 7562 21 - - SYM 34823 7562 22 49 49 CD 34823 7562 23 , , , 34823 7562 24 373 373 CD 34823 7562 25 , , , 34823 7562 26 n. n. NN 34823 7562 27 " " '' 34823 7562 28 Till till IN 34823 7562 29 money money NN 34823 7562 30 , , , 34823 7562 31 " " `` 34823 7562 32 183 183 CD 34823 7562 33 , , , 34823 7562 34 530 530 CD 34823 7562 35 , , , 34823 7562 36 539 539 CD 34823 7562 37 . . . 34823 7563 1 Time time NN 34823 7563 2 credit credit NN 34823 7563 3 . . . 34823 7564 1 See see VB 34823 7564 2 CREDIT credit NN 34823 7564 3 , , , 34823 7564 4 FUTURITY futurity NN 34823 7564 5 , , , 34823 7564 6 BOOK BOOK NNP 34823 7564 7 - - : 34823 7564 8 CREDIT CREDIT NNP 34823 7564 9 , , , 34823 7564 10 BILLS BILLS NNPS 34823 7564 11 OF of IN 34823 7564 12 EXCHANGE EXCHANGE NNP 34823 7564 13 . . . 34823 7565 1 Time time NN 34823 7565 2 discount discount NN 34823 7565 3 , , , 34823 7565 4 Ch Ch NNP 34823 7565 5 . . . 34823 7566 1 IV IV NNP 34823 7566 2 , , , 34823 7566 3 92 92 CD 34823 7566 4 , , , 34823 7566 5 93 93 CD 34823 7566 6 , , , 34823 7566 7 224 224 CD 34823 7566 8 . . . 34823 7567 1 See see VB 34823 7567 2 INTEREST interest NN 34823 7567 3 , , , 34823 7567 4 CAPITALIZATION CAPITALIZATION NNP 34823 7567 5 . . . 34823 7568 1 Time time NN 34823 7568 2 , , , 34823 7568 3 influence influence NN 34823 7568 4 of of IN 34823 7568 5 , , , 34823 7568 6 of of IN 34823 7568 7 money money NN 34823 7568 8 - - HYPH 34823 7568 9 rates rate NNS 34823 7568 10 , , , 34823 7568 11 428 428 CD 34823 7568 12 - - SYM 34823 7568 13 32 32 CD 34823 7568 14 . . . 34823 7569 1 Timeless timeless NN 34823 7569 2 - - HYPH 34823 7569 3 logical logical JJ 34823 7569 4 _ _ NNP 34823 7569 5 vs. vs. IN 34823 7569 6 _ _ NNP 34823 7569 7 causal causal NN 34823 7569 8 - - HYPH 34823 7569 9 temporal temporal JJ 34823 7569 10 , , , 34823 7569 11 relationships relationship NNS 34823 7569 12 , , , 34823 7569 13 403 403 CD 34823 7569 14 , , , 34823 7569 15 548 548 CD 34823 7569 16 . . . 34823 7570 1 See see VB 34823 7570 2 CAUSATION CAUSATION NNP 34823 7570 3 , , , 34823 7570 4 STATICS STATICS NNP 34823 7570 5 . . . 34823 7571 1 Token token JJ 34823 7571 2 money money NN 34823 7571 3 , , , 34823 7571 4 325 325 CD 34823 7571 5 , , , 34823 7571 6 326 326 CD 34823 7571 7 . . . 34823 7572 1 Touzet Touzet NNP 34823 7572 2 , , , 34823 7572 3 A. a. NN 34823 7572 4 , , , 34823 7572 5 412 412 CD 34823 7572 6 , , , 34823 7572 7 n. n. NNP 34823 7572 8 Trade Trade NNP 34823 7572 9 , , , 34823 7572 10 various various JJ 34823 7572 11 meanings meaning NNS 34823 7572 12 of of IN 34823 7572 13 , , , 34823 7572 14 267ff 267ff CD 34823 7572 15 . . . 34823 7573 1 ; ; : 34823 7573 2 " " `` 34823 7573 3 domestic domestic JJ 34823 7573 4 " " '' 34823 7573 5 _ _ NNP 34823 7573 6 vs. vs. IN 34823 7573 7 _ _ NNP 34823 7573 8 foreign foreign NNP 34823 7573 9 , , , 34823 7573 10 appendix appendix NNP 34823 7573 11 to to IN 34823 7573 12 Ch Ch NNP 34823 7573 13 . . . 34823 7574 1 XIII XIII NNP 34823 7574 2 ; ; : 34823 7574 3 " " `` 34823 7574 4 ordinary ordinary JJ 34823 7574 5 , , , 34823 7574 6 " " '' 34823 7574 7 volume volume NN 34823 7574 8 of of IN 34823 7574 9 , , , 34823 7574 10 241 241 CD 34823 7574 11 - - SYM 34823 7574 12 47 47 CD 34823 7574 13 , , , 34823 7574 14 369 369 CD 34823 7574 15 . . . 34823 7575 1 Trade trade NN 34823 7575 2 , , , 34823 7575 3 volume volume NN 34823 7575 4 of of IN 34823 7575 5 , , , 34823 7575 6 59 59 CD 34823 7575 7 - - SYM 34823 7575 8 61 61 CD 34823 7575 9 , , , 34823 7575 10 117 117 CD 34823 7575 11 , , , 34823 7575 12 Ch Ch NNP 34823 7575 13 . . . 34823 7576 1 VI VI NNP 34823 7576 2 , , , 34823 7576 3 144 144 CD 34823 7576 4 , , , 34823 7576 5 149 149 CD 34823 7576 6 , , , 34823 7576 7 159ff 159ff NNP 34823 7576 8 . . NNP 34823 7576 9 , , , 34823 7576 10 194 194 CD 34823 7576 11 , , , 34823 7576 12 215 215 CD 34823 7576 13 , , , 34823 7576 14 Ch Ch NNP 34823 7576 15 . . . 34823 7577 1 XIII XIII NNP 34823 7577 2 , , , 34823 7577 3 332 332 CD 34823 7577 4 , , , 34823 7577 5 n. n. NNP 34823 7577 6 , , , 34823 7577 7 339 339 CD 34823 7577 8 - - SYM 34823 7577 9 40 40 CD 34823 7577 10 , , , 34823 7577 11 363 363 CD 34823 7577 12 - - SYM 34823 7577 13 81 81 CD 34823 7577 14 , , , 34823 7577 15 521 521 CD 34823 7577 16 - - SYM 34823 7577 17 23 23 CD 34823 7577 18 ; ; : 34823 7577 19 an an DT 34823 7577 20 abstract abstract JJ 34823 7577 21 number number NN 34823 7577 22 , , , 34823 7577 23 distinguished distinguish VBN 34823 7577 24 from from IN 34823 7577 25 concrete concrete JJ 34823 7577 26 goods good NNS 34823 7577 27 , , , 34823 7577 28 161 161 CD 34823 7577 29 ; ; : 34823 7577 30 a a DT 34823 7577 31 pecuniary pecuniary JJ 34823 7577 32 magnitude magnitude NN 34823 7577 33 , , , 34823 7577 34 16 16 CD 34823 7577 35 - - SYM 34823 7577 36 64 64 CD 34823 7577 37 , , , 34823 7577 38 271 271 CD 34823 7577 39 , , , 34823 7577 40 277 277 CD 34823 7577 41 - - SYM 34823 7577 42 78 78 CD 34823 7577 43 ; ; : 34823 7577 44 confusions confusion NNS 34823 7577 45 of of IN 34823 7577 46 , , , 34823 7577 47 with with IN 34823 7577 48 production production NN 34823 7577 49 , , , 34823 7577 50 or or CC 34823 7577 51 with with IN 34823 7577 52 stock stock NN 34823 7577 53 , , , 34823 7577 54 225ff 225ff NNP 34823 7577 55 . . NNP 34823 7577 56 , , , 34823 7577 57 281 281 CD 34823 7577 58 , , , 34823 7577 59 296 296 CD 34823 7577 60 , , , 34823 7577 61 n. n. NNP 34823 7577 62 , , , 34823 7577 63 306 306 CD 34823 7577 64 - - SYM 34823 7577 65 07 07 CD 34823 7577 66 , , , 34823 7577 67 363 363 CD 34823 7577 68 , , , 34823 7577 69 n. n. NNP 34823 7577 70 , , , 34823 7577 71 521 521 CD 34823 7577 72 , , , 34823 7577 73 n. n. NN 34823 7577 74 ; ; , 34823 7577 75 governed govern VBN 34823 7577 76 by by IN 34823 7577 77 dynamic dynamic JJ 34823 7577 78 causes cause NNS 34823 7577 79 , , , 34823 7577 80 262 262 CD 34823 7577 81 - - SYM 34823 7577 82 66 66 CD 34823 7577 83 , , , 34823 7577 84 392 392 CD 34823 7577 85 , , , 34823 7577 86 474 474 CD 34823 7577 87 ; ; : 34823 7577 88 quantity quantity NN 34823 7577 89 theory theory NN 34823 7577 90 doctrine doctrine NN 34823 7577 91 of of IN 34823 7577 92 causes cause NNS 34823 7577 93 governing govern VBG 34823 7577 94 , , , 34823 7577 95 217 217 CD 34823 7577 96 - - SYM 34823 7577 97 18 18 CD 34823 7577 98 , , , 34823 7577 99 218 218 CD 34823 7577 100 , , , 34823 7577 101 n. n. NNP 34823 7577 102 , , , 34823 7577 103 240 240 CD 34823 7577 104 , , , 34823 7577 105 255 255 CD 34823 7577 106 , , , 34823 7577 107 256 256 CD 34823 7577 108 , , , 34823 7577 109 257 257 CD 34823 7577 110 , , , 34823 7577 111 294 294 CD 34823 7577 112 , , , 34823 7577 113 522 522 CD 34823 7577 114 , , , 34823 7577 115 n. n. NNP 34823 7577 116 ; ; : 34823 7577 117 real real JJ 34823 7577 118 estate estate NN 34823 7577 119 trade trade NN 34823 7577 120 in in IN 34823 7577 121 , , , 34823 7577 122 198 198 CD 34823 7577 123 , , , 34823 7577 124 254 254 CD 34823 7577 125 , , , 34823 7577 126 264 264 CD 34823 7577 127 , , , 34823 7577 128 317 317 CD 34823 7577 129 ; ; : 34823 7577 130 relation relation NN 34823 7577 131 of of IN 34823 7577 132 , , , 34823 7577 133 to to IN 34823 7577 134 money money NN 34823 7577 135 and and CC 34823 7577 136 credit credit NN 34823 7577 137 , , , 34823 7577 138 Ch Ch NNP 34823 7577 139 . . . 34823 7578 1 XII XII NNP 34823 7578 2 , , , 34823 7578 3 Ch Ch NNP 34823 7578 4 . . . 34823 7579 1 XIV XIV NNP 34823 7579 2 , , , 34823 7579 3 391 391 CD 34823 7579 4 - - SYM 34823 7579 5 92 92 CD 34823 7579 6 , , , 34823 7579 7 532 532 CD 34823 7579 8 - - SYM 34823 7579 9 36 36 CD 34823 7579 10 ; ; : 34823 7579 11 relation relation NN 34823 7579 12 of of IN 34823 7579 13 , , , 34823 7579 14 to to TO 34823 7579 15 price price NN 34823 7579 16 level level NN 34823 7579 17 , , , 34823 7579 18 160 160 CD 34823 7579 19 - - SYM 34823 7579 20 66 66 CD 34823 7579 21 , , , 34823 7579 22 363 363 CD 34823 7579 23 , , , 34823 7579 24 381 381 CD 34823 7579 25 - - SYM 34823 7579 26 82 82 CD 34823 7579 27 , , , 34823 7579 28 536 536 CD 34823 7579 29 ; ; : 34823 7579 30 retail retail JJ 34823 7579 31 trade trade NN 34823 7579 32 in in IN 34823 7579 33 , , , 34823 7579 34 173 173 CD 34823 7579 35 , , , 34823 7579 36 184 184 CD 34823 7579 37 , , , 34823 7579 38 232 232 CD 34823 7579 39 , , , 34823 7579 40 242 242 CD 34823 7579 41 - - SYM 34823 7579 42 44 44 CD 34823 7579 43 , , , 34823 7579 44 369 369 CD 34823 7579 45 , , , 34823 7579 46 n. n. NNP 34823 7579 47 , , , 34823 7579 48 444 444 CD 34823 7579 49 - - SYM 34823 7579 50 45 45 CD 34823 7579 51 , , , 34823 7579 52 447 447 CD 34823 7579 53 , , , 34823 7579 54 448 448 CD 34823 7579 55 - - SYM 34823 7579 56 49 49 CD 34823 7579 57 , , , 34823 7579 58 463 463 CD 34823 7579 59 , , , 34823 7579 60 489 489 CD 34823 7579 61 , , , 34823 7579 62 531 531 CD 34823 7579 63 ; ; : 34823 7579 64 speculation speculation NN 34823 7579 65 chief chief JJ 34823 7579 66 factor factor NN 34823 7579 67 in in RP 34823 7579 68 , , , 34823 7579 69 Ch Ch NNP 34823 7579 70 . . . 34823 7580 1 XIII XIII NNP 34823 7580 2 . . . 34823 7581 1 See see VB 34823 7581 2 SPECULATION speculation NN 34823 7581 3 . . . 34823 7582 1 Wholesale wholesale JJ 34823 7582 2 trade trade NN 34823 7582 3 in in RP 34823 7582 4 , , , 34823 7582 5 232 232 CD 34823 7582 6 , , , 34823 7582 7 243 243 CD 34823 7582 8 , , , 34823 7582 9 244 244 CD 34823 7582 10 - - SYM 34823 7582 11 46 46 CD 34823 7582 12 , , , 34823 7582 13 253 253 CD 34823 7582 14 - - SYM 34823 7582 15 54 54 CD 34823 7582 16 , , , 34823 7582 17 369 369 CD 34823 7582 18 , , , 34823 7582 19 n. n. NNP 34823 7582 20 , , , 34823 7582 21 381 381 CD 34823 7582 22 . . . 34823 7583 1 See see VB 34823 7583 2 also also RB 34823 7583 3 BARTER barter NN 34823 7583 4 , , , 34823 7583 5 TRANSACTIONS transactions NN 34823 7583 6 , , , 34823 7583 7 PAYMENTS payment NNS 34823 7583 8 , , , 34823 7583 9 OVERCOUNTING OVERCOUNTING NNP 34823 7583 10 , , , 34823 7583 11 UNDERCOUNTING UNDERCOUNTING NNP 34823 7583 12 . . . 34823 7584 1 " " `` 34823 7584 2 Transactions transaction NNS 34823 7584 3 , , , 34823 7584 4 total total NN 34823 7584 5 , , , 34823 7584 6 " " '' 34823 7584 7 relation relation NN 34823 7584 8 of of IN 34823 7584 9 , , , 34823 7584 10 to to IN 34823 7584 11 bank bank NN 34823 7584 12 clearings clearing NNS 34823 7584 13 , , , 34823 7584 14 348 348 CD 34823 7584 15 - - SYM 34823 7584 16 51 51 CD 34823 7584 17 , , , 34823 7584 18 353 353 CD 34823 7584 19 , , , 34823 7584 20 359 359 CD 34823 7584 21 , , , 34823 7584 22 n. n. NNP 34823 7584 23 , , , 34823 7584 24 360 360 CD 34823 7584 25 ; ; : 34823 7584 26 relation relation NN 34823 7584 27 of of IN 34823 7584 28 , , , 34823 7584 29 to to IN 34823 7584 30 " " `` 34823 7584 31 deposits deposit NNS 34823 7584 32 , , , 34823 7584 33 " " '' 34823 7584 34 349 349 CD 34823 7584 35 - - SYM 34823 7584 36 51 51 CD 34823 7584 37 , , , 34823 7584 38 353 353 CD 34823 7584 39 . . . 34823 7585 1 " " `` 34823 7585 2 Transition transition NN 34823 7585 3 periods period NNS 34823 7585 4 , , , 34823 7585 5 " " `` 34823 7585 6 Ch ch NN 34823 7585 7 . . . 34823 7586 1 X X NNP 34823 7586 2 , , , 34823 7586 3 196 196 CD 34823 7586 4 , , , 34823 7586 5 218 218 CD 34823 7586 6 , , , 34823 7586 7 262 262 CD 34823 7586 8 - - SYM 34823 7586 9 66 66 CD 34823 7586 10 , , , 34823 7586 11 293 293 CD 34823 7586 12 , , , 34823 7586 13 298 298 CD 34823 7586 14 - - SYM 34823 7586 15 99 99 CD 34823 7586 16 , , , 34823 7586 17 392 392 CD 34823 7586 18 - - SYM 34823 7586 19 93 93 CD 34823 7586 20 , , , 34823 7586 21 537ff 537ff NNP 34823 7586 22 . . NNP 34823 7586 23 , , , 34823 7586 24 548 548 CD 34823 7586 25 , , , 34823 7586 26 578 578 CD 34823 7586 27 - - SYM 34823 7586 28 81 81 CD 34823 7586 29 , , , 34823 7586 30 589 589 CD 34823 7586 31 . . . 34823 7587 1 See see VB 34823 7587 2 " " `` 34823 7587 3 NORMAL NORMAL NNP 34823 7587 4 TENDENCY tendency NN 34823 7587 5 , , , 34823 7587 6 " " '' 34823 7587 7 STATICS STATICS NNP 34823 7587 8 , , , 34823 7587 9 DYNAMICS DYNAMICS NNP 34823 7587 10 . . . 34823 7588 1 Trosien Trosien NNP 34823 7588 2 , , , 34823 7588 3 319 319 CD 34823 7588 4 , , , 34823 7588 5 n. n. NNP 34823 7588 6 Trust Trust NNP 34823 7588 7 companies company NNS 34823 7588 8 , , , 34823 7588 9 338 338 CD 34823 7588 10 , , , 34823 7588 11 342 342 CD 34823 7588 12 , , , 34823 7588 13 n. n. NN 34823 7588 14 , , , 34823 7588 15 343 343 CD 34823 7588 16 , , , 34823 7588 17 345 345 CD 34823 7588 18 - - SYM 34823 7588 19 48 48 CD 34823 7588 20 , , , 34823 7588 21 498 498 CD 34823 7588 22 - - SYM 34823 7588 23 99 99 CD 34823 7588 24 , , , 34823 7588 25 505 505 CD 34823 7588 26 - - SYM 34823 7588 27 09 09 CD 34823 7588 28 , , , 34823 7588 29 516 516 CD 34823 7588 30 , , , 34823 7588 31 n. n. NN 34823 7588 32 ; ; : 34823 7588 33 New New NNP 34823 7588 34 York York NNP 34823 7588 35 City City NNP 34823 7588 36 , , , 34823 7588 37 " " '' 34823 7588 38 deposits deposit NNS 34823 7588 39 " " '' 34823 7588 40 in in IN 34823 7588 41 , , , 34823 7588 42 345 345 CD 34823 7588 43 - - SYM 34823 7588 44 48 48 CD 34823 7588 45 ; ; : 34823 7588 46 clearings clearing NNS 34823 7588 47 of of IN 34823 7588 48 , , , 34823 7588 49 345 345 CD 34823 7588 50 - - SYM 34823 7588 51 47 47 CD 34823 7588 52 ; ; : 34823 7588 53 deposits deposit NNS 34823 7588 54 of of IN 34823 7588 55 , , , 34823 7588 56 345 345 CD 34823 7588 57 , , , 34823 7588 58 516 516 CD 34823 7588 59 , , , 34823 7588 60 n. n. NN 34823 7588 61 ; ; : 34823 7588 62 collateral collateral JJ 34823 7588 63 loans loan NNS 34823 7588 64 of of IN 34823 7588 65 , , , 34823 7588 66 505 505 CD 34823 7588 67 - - SYM 34823 7588 68 07 07 CD 34823 7588 69 ; ; : 34823 7588 70 reserves reserve NNS 34823 7588 71 of of IN 34823 7588 72 , , , 34823 7588 73 346 346 CD 34823 7588 74 - - SYM 34823 7588 75 47 47 CD 34823 7588 76 , , , 34823 7588 77 531 531 CD 34823 7588 78 Turgot Turgot NNP 34823 7588 79 , , , 34823 7588 80 78 78 CD 34823 7588 81 , , , 34823 7588 82 n. n. NNP 34823 7588 83 , , , 34823 7588 84 301 301 CD 34823 7588 85 , , , 34823 7588 86 n. n. NN 34823 7588 87 U U NNP 34823 7588 88 Undercounting Undercounting NNP 34823 7588 89 in in IN 34823 7588 90 estimates estimate NNS 34823 7588 91 of of IN 34823 7588 92 volume volume NN 34823 7588 93 of of IN 34823 7588 94 trade trade NN 34823 7588 95 , , , 34823 7588 96 168 168 CD 34823 7588 97 , , , 34823 7588 98 n. n. NNP 34823 7588 99 , , , 34823 7588 100 200 200 CD 34823 7588 101 , , , 34823 7588 102 n. n. NNP 34823 7588 103 , , , 34823 7588 104 231 231 CD 34823 7588 105 , , , 34823 7588 106 n. n. NNP 34823 7588 107 , , , 34823 7588 108 364 364 CD 34823 7588 109 - - SYM 34823 7588 110 65 65 CD 34823 7588 111 , , , 34823 7588 112 369 369 CD 34823 7588 113 - - SYM 34823 7588 114 81 81 CD 34823 7588 115 . . . 34823 7589 1 See see VB 34823 7589 2 OVERCOUNTING OVERCOUNTING NNP 34823 7589 3 , , , 34823 7589 4 BARTER BARTER NNP 34823 7589 5 . . . 34823 7590 1 Underwriters underwriter NNS 34823 7590 2 , , , 34823 7590 3 32 32 CD 34823 7590 4 , , , 34823 7590 5 488 488 CD 34823 7590 6 , , , 34823 7590 7 523 523 CD 34823 7590 8 , , , 34823 7590 9 n. n. NN 34823 7590 10 Urban Urban NNP 34823 7590 11 , , , 34823 7590 12 W. W. NNP 34823 7590 13 M. M. NNP 34823 7590 14 , , , 34823 7590 15 29 29 CD 34823 7590 16 , , , 34823 7590 17 n. n. NN 34823 7590 18 " " `` 34823 7590 19 Use Use NNP 34823 7590 20 theory theory NN 34823 7590 21 . . . 34823 7590 22 " " '' 34823 7591 1 See see VB 34823 7591 2 INTEREST interest NN 34823 7591 3 . . . 34823 7592 1 Utility utility NN 34823 7592 2 . . . 34823 7593 1 See see VB 34823 7593 2 MARGINAL marginal JJ 34823 7593 3 UTILITY UTILITY NNP 34823 7593 4 . . . 34823 7594 1 V V NNP 34823 7594 2 Vacuum Vacuum NNP 34823 7594 3 , , , 34823 7594 4 monetary monetary NNP 34823 7594 5 , , , 34823 7594 6 323 323 CD 34823 7594 7 . . . 34823 7595 1 Value value NN 34823 7595 2 , , , 34823 7595 3 Part Part NNP 34823 7595 4 I I NNP 34823 7595 5 , , , 34823 7595 6 388 388 CD 34823 7595 7 - - SYM 34823 7595 8 89 89 CD 34823 7595 9 and and CC 34823 7595 10 _ _ NNP 34823 7595 11 passim passim NN 34823 7595 12 _ _ NNP 34823 7595 13 ; ; : 34823 7595 14 absolute absolute NNP 34823 7595 15 _ _ NNP 34823 7595 16 vs. vs. IN 34823 7595 17 _ _ NNP 34823 7595 18 relative relative NNP 34823 7595 19 , , , 34823 7595 20 7ff 7ff NNP 34823 7595 21 . . NNP 34823 7595 22 , , , 34823 7595 23 56 56 CD 34823 7595 24 - - SYM 34823 7595 25 57 57 CD 34823 7595 26 , , , 34823 7595 27 77 77 CD 34823 7595 28 - - SYM 34823 7595 29 78 78 CD 34823 7595 30 , , , 34823 7595 31 81 81 CD 34823 7595 32 , , , 34823 7595 33 86ff 86ff NN 34823 7595 34 . . NNP 34823 7595 35 , , , 34823 7595 36 109 109 CD 34823 7595 37 - - SYM 34823 7595 38 110 110 CD 34823 7595 39 , , , 34823 7595 40 123 123 CD 34823 7595 41 , , , 34823 7595 42 156 156 CD 34823 7595 43 , , , 34823 7595 44 158 158 CD 34823 7595 45 - - SYM 34823 7595 46 59 59 CD 34823 7595 47 , , , 34823 7595 48 303 303 CD 34823 7595 49 , , , 34823 7595 50 312 312 CD 34823 7595 51 , , , 34823 7595 52 328 328 CD 34823 7595 53 , , , 34823 7595 54 388 388 CD 34823 7595 55 - - SYM 34823 7595 56 89 89 CD 34823 7595 57 , , , 34823 7595 58 402 402 CD 34823 7595 59 , , , 34823 7595 60 n. n. NNP 34823 7595 61 , , , 34823 7595 62 440 440 CD 34823 7595 63 , , , 34823 7595 64 n. n. NNP 34823 7595 65 , , , 34823 7595 66 449 449 CD 34823 7595 67 ; ; : 34823 7595 68 abstract abstract JJ 34823 7595 69 units unit NNS 34823 7595 70 of of IN 34823 7595 71 , , , 34823 7595 72 451 451 CD 34823 7595 73 ; ; : 34823 7595 74 exchange exchange NN 34823 7595 75 and and CC 34823 7595 76 , , , 34823 7595 77 9 9 CD 34823 7595 78 - - SYM 34823 7595 79 11 11 CD 34823 7595 80 , , , 34823 7595 81 401ff 401ff NNP 34823 7595 82 . . NNP 34823 7595 83 , , , 34823 7595 84 483 483 CD 34823 7595 85 - - SYM 34823 7595 86 84 84 CD 34823 7595 87 ; ; : 34823 7595 88 wealth wealth NN 34823 7595 89 and and CC 34823 7595 90 , , , 34823 7595 91 5 5 CD 34823 7595 92 , , , 34823 7595 93 41 41 CD 34823 7595 94 , , , 34823 7595 95 388 388 CD 34823 7595 96 ; ; : 34823 7595 97 as as IN 34823 7595 98 generic generic JJ 34823 7595 99 , , , 34823 7595 100 26 26 CD 34823 7595 101 , , , 34823 7595 102 288 288 CD 34823 7595 103 , , , 34823 7595 104 467 467 CD 34823 7595 105 ; ; : 34823 7595 106 _ _ NNP 34823 7595 107 differentiæ differentiæ VBZ 34823 7595 108 _ _ NNP 34823 7595 109 of of IN 34823 7595 110 species specie NNS 34823 7595 111 of of IN 34823 7595 112 , , , 34823 7595 113 26ff 26ff CD 34823 7595 114 . . . 34823 7596 1 ; ; : 34823 7596 2 as as IN 34823 7596 3 quality quality NN 34823 7596 4 , , , 34823 7596 5 5 5 CD 34823 7596 6 , , , 34823 7596 7 41 41 CD 34823 7596 8 , , , 34823 7596 9 97 97 CD 34823 7596 10 - - SYM 34823 7596 11 98 98 CD 34823 7596 12 , , , 34823 7596 13 388 388 CD 34823 7596 14 ; ; : 34823 7596 15 as as IN 34823 7596 16 quantity quantity NN 34823 7596 17 , , , 34823 7596 18 5 5 CD 34823 7596 19 , , , 34823 7596 20 41 41 CD 34823 7596 21 , , , 34823 7596 22 97 97 CD 34823 7596 23 , , , 34823 7596 24 98 98 CD 34823 7596 25 , , , 34823 7596 26 388 388 CD 34823 7596 27 ; ; : 34823 7596 28 control control NN 34823 7596 29 over over IN 34823 7596 30 , , , 34823 7596 31 575ff 575ff NNP 34823 7596 32 . . . 34823 7597 1 ; ; : 34823 7597 2 causal causal JJ 34823 7597 3 theory theory NN 34823 7597 4 of of IN 34823 7597 5 . . . 34823 7598 1 See see VB 34823 7598 2 CAUSAL causal NN 34823 7598 3 THEORY THEORY NNP 34823 7598 4 . . . 34823 7599 1 Definition definition NN 34823 7599 2 of of IN 34823 7599 3 , , , 34823 7599 4 5 5 CD 34823 7599 5 - - SYM 34823 7599 6 7 7 CD 34823 7599 7 , , , 34823 7599 8 388 388 CD 34823 7599 9 ; ; : 34823 7599 10 derived derive VBN 34823 7599 11 , , , 34823 7599 12 becomes become VBZ 34823 7599 13 independent independent JJ 34823 7599 14 , , , 34823 7599 15 40 40 CD 34823 7599 16 , , , 34823 7599 17 137ff 137ff NNP 34823 7599 18 . . NNP 34823 7599 19 , , , 34823 7599 20 391 391 CD 34823 7599 21 , , , 34823 7599 22 480 480 CD 34823 7599 23 , , , 34823 7599 24 481 481 CD 34823 7599 25 , , , 34823 7599 26 n. n. NNP 34823 7599 27 , , , 34823 7599 28 562 562 CD 34823 7599 29 , , , 34823 7599 30 n. n. NNP 34823 7599 31 , , , 34823 7599 32 563 563 CD 34823 7599 33 , , , 34823 7599 34 n. n. NNP 34823 7599 35 See see VB 34823 7599 36 also also RB 34823 7599 37 IMPUTATION imputation VB 34823 7599 38 THEORY THEORY NNP 34823 7599 39 , , , 34823 7599 40 CAPITALIZATION CAPITALIZATION NNP 34823 7599 41 THEORY THEORY NNP 34823 7599 42 , , , 34823 7599 43 RANKS RANKS NNP 34823 7599 44 OR or CC 34823 7599 45 ORDERS order NNS 34823 7599 46 OF of IN 34823 7599 47 GOODS goods NN 34823 7599 48 . . . 34823 7600 1 Formal formal JJ 34823 7600 2 and and CC 34823 7600 3 logical logical JJ 34823 7600 4 aspects aspect NNS 34823 7600 5 of of IN 34823 7600 6 , , , 34823 7600 7 5ff 5ff JJ 34823 7600 8 . . NNP 34823 7600 9 , , , 34823 7600 10 41 41 CD 34823 7600 11 , , , 34823 7600 12 86 86 CD 34823 7600 13 , , , 34823 7600 14 98 98 CD 34823 7600 15 , , , 34823 7600 16 388 388 CD 34823 7600 17 - - SYM 34823 7600 18 89 89 CD 34823 7600 19 , , , 34823 7600 20 401 401 CD 34823 7600 21 - - SYM 34823 7600 22 02 02 CD 34823 7600 23 , , , 34823 7600 24 n. n. NNP 34823 7600 25 ; ; : 34823 7600 26 functions function NNS 34823 7600 27 of of IN 34823 7600 28 , , , 34823 7600 29 10 10 CD 34823 7600 30 , , , 34823 7600 31 27 27 CD 34823 7600 32 , , , 34823 7600 33 43 43 CD 34823 7600 34 , , , 34823 7600 35 57 57 CD 34823 7600 36 , , , 34823 7600 37 87 87 CD 34823 7600 38 , , , 34823 7600 39 n. n. NNP 34823 7600 40 , , , 34823 7600 41 388 388 CD 34823 7600 42 , , , 34823 7600 43 440 440 CD 34823 7600 44 , , , 34823 7600 45 487 487 CD 34823 7600 46 , , , 34823 7600 47 552 552 CD 34823 7600 48 , , , 34823 7600 49 562 562 CD 34823 7600 50 , , , 34823 7600 51 n. n. NNP 34823 7600 52 , , , 34823 7600 53 572 572 CD 34823 7600 54 , , , 34823 7600 55 585 585 CD 34823 7600 56 - - SYM 34823 7600 57 86 86 CD 34823 7600 58 ; ; : 34823 7600 59 " " `` 34823 7600 60 human human JJ 34823 7600 61 nature nature NN 34823 7600 62 , , , 34823 7600 63 " " '' 34823 7600 64 30 30 CD 34823 7600 65 , , , 34823 7600 66 n. n. NN 34823 7600 67 ; ; : 34823 7600 68 " " `` 34823 7600 69 inner inner JJ 34823 7600 70 objective objective NN 34823 7600 71 , , , 34823 7600 72 " " '' 34823 7600 73 13 13 CD 34823 7600 74 , , , 34823 7600 75 88 88 CD 34823 7600 76 , , , 34823 7600 77 110 110 CD 34823 7600 78 , , , 34823 7600 79 402 402 CD 34823 7600 80 , , , 34823 7600 81 n. n. NNP 34823 7600 82 ; ; , 34823 7600 83 institutional institutional JJ 34823 7600 84 . . . 34823 7601 1 See see VB 34823 7601 2 INSTITUTIONAL institutional JJ 34823 7601 3 VALUES value NNS 34823 7601 4 . . . 34823 7602 1 " " `` 34823 7602 2 Intrinsic intrinsic JJ 34823 7602 3 , , , 34823 7602 4 " " '' 34823 7602 5 24 24 CD 34823 7602 6 ; ; : 34823 7602 7 " " `` 34823 7602 8 intrinsic intrinsic JJ 34823 7602 9 causes cause NNS 34823 7602 10 of of IN 34823 7602 11 , , , 34823 7602 12 " " '' 34823 7602 13 14 14 CD 34823 7602 14 , , , 34823 7602 15 n. n. NNP 34823 7602 16 ; ; : 34823 7602 17 objective objective JJ 34823 7602 18 , , , 34823 7602 19 85 85 CD 34823 7602 20 , , , 34823 7602 21 87 87 CD 34823 7602 22 , , , 34823 7602 23 100 100 CD 34823 7602 24 ; ; : 34823 7602 25 of of IN 34823 7602 26 consumers consumer NNS 34823 7602 27 ' ' POS 34823 7602 28 goods good NNS 34823 7602 29 , , , 34823 7602 30 34ff 34ff NNS 34823 7602 31 . . . 34823 7602 32 , , , 34823 7602 33 300 300 CD 34823 7602 34 ; ; : 34823 7602 35 of of IN 34823 7602 36 diamonds diamond NNS 34823 7602 37 , , , 34823 7602 38 438 438 CD 34823 7602 39 - - SYM 34823 7602 40 42 42 CD 34823 7602 41 ; ; : 34823 7602 42 of of IN 34823 7602 43 gold gold NN 34823 7602 44 . . . 34823 7603 1 See see VB 34823 7603 2 GOLD gold NN 34823 7603 3 . . . 34823 7604 1 Of of IN 34823 7604 2 instrumental instrumental JJ 34823 7604 3 goods good NNS 34823 7604 4 , , , 34823 7604 5 38ff 38ff JJ 34823 7604 6 . . NNP 34823 7604 7 , , , 34823 7604 8 297 297 CD 34823 7604 9 , , , 34823 7604 10 300ff 300ff JJ 34823 7604 11 . . NNP 34823 7604 12 , , , 34823 7604 13 304 304 CD 34823 7604 14 , , , 34823 7604 15 467 467 CD 34823 7604 16 ; ; : 34823 7604 17 of of IN 34823 7604 18 money money NN 34823 7604 19 . . . 34823 7605 1 See see VB 34823 7605 2 MONEY money NN 34823 7605 3 and and CC 34823 7605 4 ANALYTICAL analytical NN 34823 7605 5 TABLE TABLE NNS 34823 7605 6 OF of IN 34823 7605 7 CONTENTS content NNS 34823 7605 8 . . . 34823 7606 1 Of of IN 34823 7606 2 stocks stock NNS 34823 7606 3 and and CC 34823 7606 4 bonds bond NNS 34823 7606 5 , , , 34823 7606 6 30 30 CD 34823 7606 7 - - SYM 34823 7606 8 31 31 CD 34823 7606 9 , , , 34823 7606 10 32 32 CD 34823 7606 11 , , , 34823 7606 12 36 36 CD 34823 7606 13 - - SYM 34823 7606 14 41 41 CD 34823 7606 15 , , , 34823 7606 16 300ff 300ff JJ 34823 7606 17 . . . 34823 7606 18 , , , 34823 7606 19 462 462 CD 34823 7606 20 ; ; : 34823 7606 21 " " `` 34823 7606 22 participation participation NN 34823 7606 23 , , , 34823 7606 24 " " '' 34823 7606 25 29 29 CD 34823 7606 26 , , , 34823 7606 27 30 30 CD 34823 7606 28 , , , 34823 7606 29 n. n. NN 34823 7606 30 ; ; : 34823 7606 31 " " `` 34823 7606 32 personal personal JJ 34823 7606 33 , , , 34823 7606 34 " " '' 34823 7606 35 19 19 CD 34823 7606 36 , , , 34823 7606 37 86 86 CD 34823 7606 38 , , , 34823 7606 39 88 88 CD 34823 7606 40 , , , 34823 7606 41 89 89 CD 34823 7606 42 ; ; : 34823 7606 43 " " `` 34823 7606 44 prestige prestige NN 34823 7606 45 , , , 34823 7606 46 " " '' 34823 7606 47 410 410 CD 34823 7606 48 - - SYM 34823 7606 49 11 11 CD 34823 7606 50 , , , 34823 7606 51 438 438 CD 34823 7606 52 - - SYM 34823 7606 53 42 42 CD 34823 7606 54 , , , 34823 7606 55 452 452 CD 34823 7606 56 - - SYM 34823 7606 57 53 53 CD 34823 7606 58 ; ; : 34823 7606 59 " " `` 34823 7606 60 public public JJ 34823 7606 61 economic economic JJ 34823 7606 62 , , , 34823 7606 63 " " '' 34823 7606 64 13 13 CD 34823 7606 65 , , , 34823 7606 66 86 86 CD 34823 7606 67 , , , 34823 7606 68 88 88 CD 34823 7606 69 , , , 34823 7606 70 89 89 CD 34823 7606 71 ; ; : 34823 7606 72 " " `` 34823 7606 73 something something NN 34823 7606 74 physical physical JJ 34823 7606 75 , , , 34823 7606 76 " " '' 34823 7606 77 135 135 CD 34823 7606 78 ; ; : 34823 7606 79 subjective subjective JJ 34823 7606 80 , , , 34823 7606 81 85 85 CD 34823 7606 82 , , , 34823 7606 83 86 86 CD 34823 7606 84 , , , 34823 7606 85 88 88 CD 34823 7606 86 , , , 34823 7606 87 99 99 CD 34823 7606 88 , , , 34823 7606 89 100 100 CD 34823 7606 90 , , , 34823 7606 91 401 401 CD 34823 7606 92 - - SYM 34823 7606 93 02 02 CD 34823 7606 94 , , , 34823 7606 95 n. n. NNP 34823 7606 96 ; ; : 34823 7606 97 subjective subjective JJ 34823 7606 98 , , , 34823 7606 99 in in IN 34823 7606 100 exchange exchange NN 34823 7606 101 , , , 34823 7606 102 88 88 CD 34823 7606 103 , , , 34823 7606 104 89 89 CD 34823 7606 105 , , , 34823 7606 106 91 91 CD 34823 7606 107 , , , 34823 7606 108 99 99 CD 34823 7606 109 , , , 34823 7606 110 100 100 CD 34823 7606 111 , , , 34823 7606 112 101 101 CD 34823 7606 113 , , , 34823 7606 114 112 112 CD 34823 7606 115 - - SYM 34823 7606 116 119 119 CD 34823 7606 117 , , , 34823 7606 118 137 137 CD 34823 7606 119 , , , 34823 7606 120 n. n. NN 34823 7606 121 See see VB 34823 7606 122 MONEY money NN 34823 7606 123 , , , 34823 7606 124 VALUE value NN 34823 7606 125 OF of IN 34823 7606 126 , , , 34823 7606 127 SOCIAL SOCIAL NNP 34823 7606 128 VALUE VALUE NNP 34823 7606 129 , , , 34823 7606 130 PRICE price NN 34823 7606 131 , , , 34823 7606 132 RATIO RATIO NNP 34823 7606 133 OF of IN 34823 7606 134 EXCHANGE EXCHANGE NNP 34823 7606 135 , , , 34823 7606 136 " " `` 34823 7606 137 PURCHASING purchasing NN 34823 7606 138 POWER POWER NNS 34823 7606 139 , , , 34823 7606 140 " " '' 34823 7606 141 " " `` 34823 7606 142 POWER POWER NNP 34823 7606 143 IN in IN 34823 7606 144 EXCHANGE EXCHANGE NNP 34823 7606 145 , , , 34823 7606 146 " " `` 34823 7606 147 MARGINAL marginal JJ 34823 7606 148 UTILITY UTILITY NNP 34823 7606 149 , , , 34823 7606 150 COST COST NNS 34823 7606 151 OF of IN 34823 7606 152 PRODUCTION production NN 34823 7606 153 , , , 34823 7606 154 SUPPLY supply NN 34823 7606 155 AND and CC 34823 7606 156 DEMAND demand NN 34823 7606 157 , , , 34823 7606 158 ETC etc FW 34823 7606 159 . . . 34823 7607 1 Value value NN 34823 7607 2 theory theory NN 34823 7607 3 _ _ NNP 34823 7607 4 vs. vs. IN 34823 7607 5 _ _ NNP 34823 7607 6 price price NN 34823 7607 7 theory theory NN 34823 7607 8 . . . 34823 7608 1 See see VB 34823 7608 2 PRICE price NN 34823 7608 3 THEORY THEORY NNP 34823 7608 4 . . . 34823 7609 1 Values value NNS 34823 7609 2 , , , 34823 7609 3 concatenation concatenation NN 34823 7609 4 of of IN 34823 7609 5 , , , 34823 7609 6 313 313 CD 34823 7609 7 - - SYM 34823 7609 8 14 14 CD 34823 7609 9 ; ; : 34823 7609 10 simultaneous simultaneous JJ 34823 7609 11 rise rise NN 34823 7609 12 or or CC 34823 7609 13 fall fall NN 34823 7609 14 of of IN 34823 7609 15 , , , 34823 7609 16 8 8 CD 34823 7609 17 . . . 34823 7610 1 Van Van NNP 34823 7610 2 Antwerp Antwerp NNP 34823 7610 3 , , , 34823 7610 4 W. W. NNP 34823 7610 5 C. C. NNP 34823 7610 6 , , , 34823 7610 7 372 372 CD 34823 7610 8 , , , 34823 7610 9 n. n. NNP 34823 7610 10 , , , 34823 7610 11 374 374 CD 34823 7610 12 , , , 34823 7610 13 n. n. NN 34823 7610 14 Van Van NNP 34823 7610 15 Hise Hise NNP 34823 7610 16 , , , 34823 7610 17 C. C. NNP 34823 7610 18 R. R. NNP 34823 7610 19 , , , 34823 7610 20 208 208 CD 34823 7610 21 , , , 34823 7610 22 n. n. NNP 34823 7610 23 Variables variable NNS 34823 7610 24 and and CC 34823 7610 25 constants constant NNS 34823 7610 26 , , , 34823 7610 27 97 97 CD 34823 7610 28 , , , 34823 7610 29 119 119 CD 34823 7610 30 , , , 34823 7610 31 143 143 CD 34823 7610 32 - - SYM 34823 7610 33 44 44 CD 34823 7610 34 , , , 34823 7610 35 204 204 CD 34823 7610 36 - - SYM 34823 7610 37 05 05 CD 34823 7610 38 , , , 34823 7610 39 256 256 CD 34823 7610 40 - - SYM 34823 7610 41 57 57 CD 34823 7610 42 . . . 34823 7611 1 Veblen Veblen NNP 34823 7611 2 , , , 34823 7611 3 T. T. NNP 34823 7611 4 B. B. NNP 34823 7611 5 , , , 34823 7611 6 37 37 CD 34823 7611 7 , , , 34823 7611 8 n. n. NNP 34823 7611 9 , , , 34823 7611 10 411 411 CD 34823 7611 11 , , , 34823 7611 12 439 439 CD 34823 7611 13 , , , 34823 7611 14 477 477 CD 34823 7611 15 , , , 34823 7611 16 n. n. NNP 34823 7611 17 , , , 34823 7611 18 556 556 CD 34823 7611 19 , , , 34823 7611 20 560 560 CD 34823 7611 21 - - SYM 34823 7611 22 64 64 CD 34823 7611 23 , , , 34823 7611 24 569 569 CD 34823 7611 25 , , , 34823 7611 26 570 570 CD 34823 7611 27 , , , 34823 7611 28 580 580 CD 34823 7611 29 , , , 34823 7611 30 582 582 CD 34823 7611 31 , , , 34823 7611 32 585 585 CD 34823 7611 33 . . . 34823 7612 1 Velocity velocity NN 34823 7612 2 of of IN 34823 7612 3 circulation circulation NN 34823 7612 4 , , , 34823 7612 5 85 85 CD 34823 7612 6 , , , 34823 7612 7 Ch Ch NNP 34823 7612 8 . . . 34823 7613 1 VI VI NNP 34823 7613 2 , , , 34823 7613 3 117 117 CD 34823 7613 4 , , , 34823 7613 5 131 131 CD 34823 7613 6 , , , 34823 7613 7 143 143 CD 34823 7613 8 , , , 34823 7613 9 194 194 CD 34823 7613 10 , , , 34823 7613 11 Ch Ch NNP 34823 7613 12 . . . 34823 7614 1 XII XII NNP 34823 7614 2 , , , 34823 7614 3 290 290 CD 34823 7614 4 , , , 34823 7614 5 292 292 CD 34823 7614 6 , , , 34823 7614 7 298 298 CD 34823 7614 8 , , , 34823 7614 9 309 309 CD 34823 7614 10 , , , 34823 7614 11 310 310 CD 34823 7614 12 , , , 34823 7614 13 333 333 CD 34823 7614 14 , , , 34823 7614 15 n. n. NNP 34823 7614 16 , , , 34823 7614 17 339 339 CD 34823 7614 18 , , , 34823 7614 19 361 361 CD 34823 7614 20 - - SYM 34823 7614 21 63 63 CD 34823 7614 22 , , , 34823 7614 23 394 394 CD 34823 7614 24 ; ; : 34823 7614 25 " " `` 34823 7614 26 coin coin NN 34823 7614 27 transfer transfer NN 34823 7614 28 " " '' 34823 7614 29 _ _ NNP 34823 7614 30 vs. vs. IN 34823 7614 31 _ _ NNP 34823 7614 32 " " '' 34823 7614 33 person person NN 34823 7614 34 - - HYPH 34823 7614 35 turnover turnover NN 34823 7614 36 " " '' 34823 7614 37 concepts concept NNS 34823 7614 38 of of IN 34823 7614 39 , , , 34823 7614 40 203 203 CD 34823 7614 41 - - SYM 34823 7614 42 04 04 CD 34823 7614 43 , , , 34823 7614 44 308 308 CD 34823 7614 45 ; ; : 34823 7614 46 as as IN 34823 7614 47 causal causal JJ 34823 7614 48 entity entity NN 34823 7614 49 , , , 34823 7614 50 204 204 CD 34823 7614 51 , , , 34823 7614 52 209 209 CD 34823 7614 53 , , , 34823 7614 54 213 213 CD 34823 7614 55 - - SYM 34823 7614 56 13 13 CD 34823 7614 57 , , , 34823 7614 58 214 214 CD 34823 7614 59 ; ; : 34823 7614 60 quantity quantity NN 34823 7614 61 theory theory NN 34823 7614 62 analysis analysis NN 34823 7614 63 of of IN 34823 7614 64 causes cause NNS 34823 7614 65 governing governing NN 34823 7614 66 , , , 34823 7614 67 143 143 CD 34823 7614 68 , , , 34823 7614 69 203 203 CD 34823 7614 70 , , , 34823 7614 71 205ff 205ff NNP 34823 7614 72 . . NNP 34823 7614 73 , , , 34823 7614 74 309 309 CD 34823 7614 75 ; ; : 34823 7614 76 most most RBS 34823 7614 77 highly highly RB 34823 7614 78 flexible flexible JJ 34823 7614 79 factor factor NN 34823 7614 80 in in IN 34823 7614 81 " " `` 34823 7614 82 equation equation NN 34823 7614 83 of of IN 34823 7614 84 exchange exchange NN 34823 7614 85 , , , 34823 7614 86 " " '' 34823 7614 87 205 205 CD 34823 7614 88 ; ; : 34823 7614 89 varies vary VBZ 34823 7614 90 with with IN 34823 7614 91 trade trade NN 34823 7614 92 , , , 34823 7614 93 209ff 209ff NNP 34823 7614 94 . . NNP 34823 7614 95 , , , 34823 7614 96 306 306 CD 34823 7614 97 - - SYM 34823 7614 98 08 08 CD 34823 7614 99 , , , 34823 7614 100 394 394 CD 34823 7614 101 ; ; : 34823 7614 102 varies vary VBZ 34823 7614 103 with with IN 34823 7614 104 prices price NNS 34823 7614 105 , , , 34823 7614 106 308 308 CD 34823 7614 107 - - SYM 34823 7614 108 10 10 CD 34823 7614 109 , , , 34823 7614 110 394 394 CD 34823 7614 111 ; ; : 34823 7614 112 varies vary VBZ 34823 7614 113 with with IN 34823 7614 114 value value NN 34823 7614 115 of of IN 34823 7614 116 money money NN 34823 7614 117 , , , 34823 7614 118 215 215 CD 34823 7614 119 ; ; : 34823 7614 120 meaningless meaningless JJ 34823 7614 121 abstract abstract JJ 34823 7614 122 number number NN 34823 7614 123 , , , 34823 7614 124 204 204 CD 34823 7614 125 . . . 34823 7615 1 W W NNP 34823 7615 2 Wagner Wagner NNP 34823 7615 3 , , , 34823 7615 4 A. a. NN 34823 7615 5 , , , 34823 7615 6 25 25 CD 34823 7615 7 , , , 34823 7615 8 n. n. NN 34823 7615 9 Walker Walker NNP 34823 7615 10 , , , 34823 7615 11 Amasa Amasa NNP 34823 7615 12 , , , 34823 7615 13 401 401 CD 34823 7615 14 , , , 34823 7615 15 n. n. NN 34823 7615 16 Walker Walker NNP 34823 7615 17 , , , 34823 7615 18 F. F. NNP 34823 7615 19 A. A. NNP 34823 7615 20 , , , 34823 7615 21 46 46 CD 34823 7615 22 , , , 34823 7615 23 62 62 CD 34823 7615 24 , , , 34823 7615 25 169 169 CD 34823 7615 26 , , , 34823 7615 27 170 170 CD 34823 7615 28 , , , 34823 7615 29 n. n. NNP 34823 7615 30 , , , 34823 7615 31 219 219 CD 34823 7615 32 , , , 34823 7615 33 220 220 CD 34823 7615 34 , , , 34823 7615 35 n. n. NNP 34823 7615 36 , , , 34823 7615 37 237 237 CD 34823 7615 38 , , , 34823 7615 39 414 414 CD 34823 7615 40 , , , 34823 7615 41 n. n. NNP 34823 7615 42 , , , 34823 7615 43 419 419 CD 34823 7615 44 , , , 34823 7615 45 n. n. NNP 34823 7615 46 , , , 34823 7615 47 521 521 CD 34823 7615 48 , , , 34823 7615 49 n. n. NN 34823 7615 50 Wall Wall NNP 34823 7615 51 Street Street NNP 34823 7615 52 . . . 34823 7616 1 See see VB 34823 7616 2 NEW NEW NNP 34823 7616 3 YORK YORK NNP 34823 7616 4 CITY CITY NNP 34823 7616 5 , , , 34823 7616 6 STOCK STOCK NNP 34823 7616 7 EXCHANGE EXCHANGE NNP 34823 7616 8 , , , 34823 7616 9 NEW NEW NNP 34823 7616 10 YORK YORK NNP 34823 7616 11 CITY CITY NNP 34823 7616 12 CLEARING CLEARING NNP 34823 7616 13 HOUSE HOUSE NNP 34823 7616 14 , , , 34823 7616 15 SPECULATION speculation NN 34823 7616 16 , , , 34823 7616 17 MONEY money NN 34823 7616 18 MARKET market NN 34823 7616 19 , , , 34823 7616 20 " " '' 34823 7616 21 MONEY money NN 34823 7616 22 TRUST trust NN 34823 7616 23 , , , 34823 7616 24 " " '' 34823 7616 25 ETC etc FW 34823 7616 26 . . . 34823 7617 1 Walras Walras NNP 34823 7617 2 , , , 34823 7617 3 L. L. NNP 34823 7617 4 , , , 34823 7617 5 91 91 CD 34823 7617 6 , , , 34823 7617 7 n. n. NN 34823 7617 8 Walsh Walsh NNP 34823 7617 9 , , , 34823 7617 10 C. C. NNP 34823 7617 11 M. M. NNP 34823 7617 12 , , , 34823 7617 13 188 188 CD 34823 7617 14 , , , 34823 7617 15 n. n. NNP 34823 7617 16 Wants Wants NNP 34823 7617 17 , , , 34823 7617 18 social social JJ 34823 7617 19 nature nature NN 34823 7617 20 of of IN 34823 7617 21 , , , 34823 7617 22 35ff 35ff NN 34823 7617 23 . . . 34823 7618 1 ; ; : 34823 7618 2 competitive competitive JJ 34823 7618 3 . . . 34823 7619 1 See see VB 34823 7619 2 COMPETITIVE competitive JJ 34823 7619 3 DISPLAY DISPLAY NNP 34823 7619 4 . . . 34823 7620 1 War War NNP 34823 7620 2 , , , 34823 7620 3 108 108 CD 34823 7620 4 , , , 34823 7620 5 140 140 CD 34823 7620 6 , , , 34823 7620 7 n. n. NNP 34823 7620 8 , , , 34823 7620 9 194 194 CD 34823 7620 10 , , , 34823 7620 11 427 427 CD 34823 7620 12 , , , 34823 7620 13 549 549 CD 34823 7620 14 - - SYM 34823 7620 15 51 51 CD 34823 7620 16 ; ; : 34823 7620 17 World World NNP 34823 7620 18 War War NNP 34823 7620 19 , , , 34823 7620 20 136 136 CD 34823 7620 21 , , , 34823 7620 22 139 139 CD 34823 7620 23 , , , 34823 7620 24 n. n. NNP 34823 7620 25 , , , 34823 7620 26 142 142 CD 34823 7620 27 , , , 34823 7620 28 416 416 CD 34823 7620 29 , , , 34823 7620 30 427 427 CD 34823 7620 31 , , , 34823 7620 32 481 481 CD 34823 7620 33 , , , 34823 7620 34 521 521 CD 34823 7620 35 , , , 34823 7620 36 539 539 CD 34823 7620 37 , , , 34823 7620 38 550 550 CD 34823 7620 39 , , , 34823 7620 40 n. n. NN 34823 7620 41 ; ; : 34823 7620 42 American american JJ 34823 7620 43 securities security NNS 34823 7620 44 returned return VBD 34823 7620 45 during during RB 34823 7620 46 , , , 34823 7620 47 521 521 CD 34823 7620 48 , , , 34823 7620 49 n. n. NNP 34823 7620 50 War War NNP 34823 7620 51 loans loan NNS 34823 7620 52 , , , 34823 7620 53 463 463 CD 34823 7620 54 , , , 34823 7620 55 n. n. NNP 34823 7620 56 , , , 34823 7620 57 464 464 CD 34823 7620 58 , , , 34823 7620 59 n. n. NNP 34823 7620 60 , , , 34823 7620 61 480 480 CD 34823 7620 62 - - SYM 34823 7620 63 81 81 CD 34823 7620 64 . . . 34823 7621 1 Wealth wealth NN 34823 7621 2 , , , 34823 7621 3 440 440 CD 34823 7621 4 ; ; : 34823 7621 5 definitions definition NNS 34823 7621 6 of of IN 34823 7621 7 , , , 34823 7621 8 5 5 CD 34823 7621 9 , , , 34823 7621 10 n. n. NN 34823 7621 11 ; ; : 34823 7621 12 relation relation NN 34823 7621 13 of of IN 34823 7621 14 , , , 34823 7621 15 to to TO 34823 7621 16 value value NN 34823 7621 17 , , , 34823 7621 18 5 5 CD 34823 7621 19 ; ; : 34823 7621 20 distribution distribution NN 34823 7621 21 of of IN 34823 7621 22 . . . 34823 7622 1 See see VB 34823 7622 2 DISTRIBUTION distribution NN 34823 7622 3 OF of IN 34823 7622 4 WEALTH wealth NN 34823 7622 5 . . . 34823 7623 1 " " `` 34823 7623 2 Wealth wealth NN 34823 7623 3 of of IN 34823 7623 4 nations nation NNS 34823 7623 5 , , , 34823 7623 6 " " '' 34823 7623 7 theory theory NN 34823 7623 8 of of IN 34823 7623 9 , , , 34823 7623 10 262 262 CD 34823 7623 11 , , , 34823 7623 12 395 395 CD 34823 7623 13 , , , 34823 7623 14 556 556 CD 34823 7623 15 , , , 34823 7623 16 569 569 CD 34823 7623 17 . . . 34823 7624 1 Weighting Weighting NNP 34823 7624 2 , , , 34823 7624 3 in in IN 34823 7624 4 statistics statistic NNS 34823 7624 5 , , , 34823 7624 6 163ff 163ff NNP 34823 7624 7 . . NNP 34823 7624 8 , , , 34823 7624 9 229 229 CD 34823 7624 10 , , , 34823 7624 11 229 229 CD 34823 7624 12 , , , 34823 7624 13 n. n. NNP 34823 7624 14 , , , 34823 7624 15 272 272 CD 34823 7624 16 , , , 34823 7624 17 n. n. NNP 34823 7624 18 , , , 34823 7624 19 341 341 CD 34823 7624 20 , , , 34823 7624 21 361 361 CD 34823 7624 22 , , , 34823 7624 23 383 383 CD 34823 7624 24 . . . 34823 7625 1 Weston Weston NNP 34823 7625 2 , , , 34823 7625 3 N. N. NNP 34823 7625 4 A. A. NNP 34823 7625 5 , , , 34823 7625 6 339 339 CD 34823 7625 7 , , , 34823 7625 8 341 341 CD 34823 7625 9 , , , 34823 7625 10 342 342 CD 34823 7625 11 , , , 34823 7625 12 n. n. NN 34823 7625 13 , , , 34823 7625 14 360 360 CD 34823 7625 15 . . . 34823 7626 1 Wheat wheat NN 34823 7626 2 as as IN 34823 7626 3 money money NN 34823 7626 4 , , , 34823 7626 5 407 407 CD 34823 7626 6 . . . 34823 7627 1 Whitaker Whitaker NNP 34823 7627 2 , , , 34823 7627 3 A. a. NN 34823 7627 4 C. C. NNP 34823 7627 5 , , , 34823 7627 6 65 65 CD 34823 7627 7 , , , 34823 7627 8 154 154 CD 34823 7627 9 , , , 34823 7627 10 319 319 CD 34823 7627 11 , , , 34823 7627 12 n. n. NN 34823 7627 13 White White NNP 34823 7627 14 , , , 34823 7627 15 Horace Horace NNP 34823 7627 16 , , , 34823 7627 17 209 209 CD 34823 7627 18 , , , 34823 7627 19 211 211 CD 34823 7627 20 , , , 34823 7627 21 345 345 CD 34823 7627 22 , , , 34823 7627 23 n. n. NNP 34823 7627 24 , , , 34823 7627 25 401 401 CD 34823 7627 26 , , , 34823 7627 27 n. n. NNP 34823 7627 28 Wholesale Wholesale NNP 34823 7627 29 " " `` 34823 7627 30 deposits deposit NNS 34823 7627 31 . . . 34823 7627 32 " " '' 34823 7628 1 See see VB 34823 7628 2 " " `` 34823 7628 3 DEPOSITS DEPOSITS NNP 34823 7628 4 . . . 34823 7628 5 " " '' 34823 7629 1 Trade trade NN 34823 7629 2 . . . 34823 7630 1 See see VB 34823 7630 2 TRADE trade NN 34823 7630 3 , , , 34823 7630 4 VOLUME volume NN 34823 7630 5 OF of IN 34823 7630 6 . . . 34823 7631 1 Wicksell Wicksell NNP 34823 7631 2 , , , 34823 7631 3 Knut Knut NNP 34823 7631 4 , , , 34823 7631 5 128 128 CD 34823 7631 6 . . . 34823 7632 1 Wicksteed Wicksteed NNP 34823 7632 2 , , , 34823 7632 3 P. P. NNP 34823 7632 4 A. a. NN 34823 7632 5 , , , 34823 7632 6 91 91 CD 34823 7632 7 , , , 34823 7632 8 n. n. NN 34823 7632 9 , , , 34823 7632 10 115 115 CD 34823 7632 11 , , , 34823 7632 12 n. n. NNP 34823 7632 13 , , , 34823 7632 14 116 116 CD 34823 7632 15 , , , 34823 7632 16 117 117 CD 34823 7632 17 , , , 34823 7632 18 214 214 CD 34823 7632 19 . . . 34823 7633 1 Wieser Wieser NNP 34823 7633 2 , , , 34823 7633 3 F. F. NNP 34823 7633 4 von von NNP 34823 7633 5 , , , 34823 7633 6 14 14 CD 34823 7633 7 , , , 34823 7633 8 48 48 CD 34823 7633 9 , , , 34823 7633 10 49 49 CD 34823 7633 11 , , , 34823 7633 12 70 70 CD 34823 7633 13 , , , 34823 7633 14 80 80 CD 34823 7633 15 , , , 34823 7633 16 83 83 CD 34823 7633 17 - - SYM 34823 7633 18 90 90 CD 34823 7633 19 , , , 34823 7633 20 99 99 CD 34823 7633 21 , , , 34823 7633 22 100 100 CD 34823 7633 23 , , , 34823 7633 24 101 101 CD 34823 7633 25 , , , 34823 7633 26 102 102 CD 34823 7633 27 , , , 34823 7633 28 106 106 CD 34823 7633 29 , , , 34823 7633 30 109 109 CD 34823 7633 31 , , , 34823 7633 32 111 111 CD 34823 7633 33 , , , 34823 7633 34 308 308 CD 34823 7633 35 , , , 34823 7633 36 n. n. NNP 34823 7633 37 Williams Williams NNP 34823 7633 38 , , , 34823 7633 39 A. a. NN 34823 7633 40 , , , 34823 7633 41 152 152 CD 34823 7633 42 . . . 34823 7634 1 Williams Williams NNP 34823 7634 2 , , , 34823 7634 3 Clark Clark NNP 34823 7634 4 , , , 34823 7634 5 347 347 CD 34823 7634 6 . . . 34823 7635 1 Willoughby Willoughby NNP 34823 7635 2 , , , 34823 7635 3 W. W. NNP 34823 7635 4 W. W. NNP 34823 7635 5 , , , 34823 7635 6 18 18 CD 34823 7635 7 , , , 34823 7635 8 n. n. NN 34823 7635 9 Wilson Wilson NNP 34823 7635 10 , , , 34823 7635 11 E. E. NNP 34823 7635 12 B. B. NNP 34823 7635 13 , , , 34823 7635 14 164 164 CD 34823 7635 15 , , , 34823 7635 16 165 165 CD 34823 7635 17 . . . 34823 7636 1 Withers Withers NNP 34823 7636 2 , , , 34823 7636 3 Hartley Hartley NNP 34823 7636 4 , , , 34823 7636 5 221 221 CD 34823 7636 6 , , , 34823 7636 7 222 222 CD 34823 7636 8 , , , 34823 7636 9 540 540 CD 34823 7636 10 , , , 34823 7636 11 n. n. NN 34823 7636 12 Wittner Wittner NNP 34823 7636 13 , , , 34823 7636 14 Max Max NNP 34823 7636 15 , , , 34823 7636 16 289 289 CD 34823 7636 17 , , , 34823 7636 18 n. n. NN 34823 7636 19 Wolfe Wolfe NNP 34823 7636 20 , , , 34823 7636 21 O. O. NNP 34823 7636 22 Howard Howard NNP 34823 7636 23 , , , 34823 7636 24 349 349 CD 34823 7636 25 , , , 34823 7636 26 353 353 CD 34823 7636 27 , , , 34823 7636 28 n. n. NNP 34823 7636 29 , , , 34823 7636 30 359 359 CD 34823 7636 31 , , , 34823 7636 32 n. n. NN 34823 7636 33 Wolff Wolff NNP 34823 7636 34 , , , 34823 7636 35 S. S. NNP 34823 7636 36 , , , 34823 7636 37 289 289 CD 34823 7636 38 , , , 34823 7636 39 n. n. NNP 34823 7636 40 X X NNP 34823 7636 41 _ _ NNP 34823 7636 42 xy xy NNP 34823 7636 43 = = SYM 34823 7636 44 c c NNP 34823 7636 45 _ _ NNP 34823 7636 46 , , , 34823 7636 47 149 149 CD 34823 7636 48 . . . 34823 7637 1 Y Y NNP 34823 7637 2 Yule Yule NNP 34823 7637 3 , , , 34823 7637 4 G. G. NNP 34823 7637 5 U. U. NNP 34823 7637 6 , , , 34823 7637 7 237 237 CD 34823 7637 8 , , , 34823 7637 9 n. n. NN 34823 7637 10 Printed Printed NNP 34823 7637 11 in in IN 34823 7637 12 the the DT 34823 7637 13 United United NNP 34823 7637 14 States States NNP 34823 7637 15 of of IN 34823 7637 16 America America NNP 34823 7637 17 * * NFP 34823 7637 18 * * NFP 34823 7637 19 * * NFP 34823 7637 20 * * NFP 34823 7637 21 * * NFP 34823 7637 22 FOOTNOTES footnote NNS 34823 7637 23 [ [ -LRB- 34823 7637 24 1 1 CD 34823 7637 25 ] ] -RRB- 34823 7637 26 _ _ NNP 34823 7637 27 Social Social NNP 34823 7637 28 Value Value NNP 34823 7637 29 _ _ NNP 34823 7637 30 , , , 34823 7637 31 Houghton Houghton NNP 34823 7637 32 Mifflin Mifflin NNP 34823 7637 33 , , , 34823 7637 34 Boston Boston NNP 34823 7637 35 , , , 34823 7637 36 1911 1911 CD 34823 7637 37 . . . 34823 7638 1 [ [ -LRB- 34823 7638 2 2 2 LS 34823 7638 3 ] ] -RRB- 34823 7638 4 Cooley Cooley NNP 34823 7638 5 , , , 34823 7638 6 C. C. NNP 34823 7638 7 H. H. NNP 34823 7638 8 , , , 34823 7638 9 " " '' 34823 7638 10 Valuation valuation NN 34823 7638 11 as as IN 34823 7638 12 a a DT 34823 7638 13 Social Social NNP 34823 7638 14 Process Process NNP 34823 7638 15 , , , 34823 7638 16 " " '' 34823 7638 17 _ _ NNP 34823 7638 18 Psych Psych NNP 34823 7638 19 . . . 34823 7639 1 Bull Bull NNP 34823 7639 2 . . . 34823 7639 3 _ _ NNP 34823 7639 4 , , , 34823 7639 5 Dec. December NNP 34823 7639 6 15 15 CD 34823 7639 7 , , , 34823 7639 8 1912 1912 CD 34823 7639 9 ; ; : 34823 7639 10 " " `` 34823 7639 11 The the DT 34823 7639 12 Institutional Institutional NNP 34823 7639 13 Character Character NNP 34823 7639 14 of of IN 34823 7639 15 Pecuniary Pecuniary NNP 34823 7639 16 Valuation Valuation NNP 34823 7639 17 , , , 34823 7639 18 " " '' 34823 7639 19 _ _ NNP 34823 7639 20 American American NNP 34823 7639 21 Journal Journal NNP 34823 7639 22 of of IN 34823 7639 23 Sociology Sociology NNP 34823 7639 24 _ _ NNP 34823 7639 25 , , , 34823 7639 26 Jan. January NNP 34823 7639 27 1913 1913 CD 34823 7639 28 ; ; : 34823 7639 29 " " `` 34823 7639 30 The the DT 34823 7639 31 Sphere Sphere NNP 34823 7639 32 of of IN 34823 7639 33 Pecuniary Pecuniary NNP 34823 7639 34 Valuation Valuation NNP 34823 7639 35 , , , 34823 7639 36 " " '' 34823 7639 37 _ _ NNP 34823 7639 38 Ibid Ibid NNP 34823 7639 39 . . . 34823 7639 40 _ _ NNP 34823 7639 41 , , , 34823 7639 42 Sept. September NNP 34823 7639 43 1913 1913 CD 34823 7639 44 ; ; : 34823 7639 45 " " `` 34823 7639 46 The the DT 34823 7639 47 Progress Progress NNP 34823 7639 48 of of IN 34823 7639 49 Pecuniary Pecuniary NNP 34823 7639 50 Valuation Valuation NNP 34823 7639 51 , , , 34823 7639 52 " " '' 34823 7639 53 _ _ NNP 34823 7639 54 Quart Quart NNP 34823 7639 55 . . . 34823 7640 1 Jour Jour NNP 34823 7640 2 . . . 34823 7641 1 of of IN 34823 7641 2 Econ Econ NNP 34823 7641 3 . . . 34823 7641 4 _ _ NNP 34823 7641 5 , , , 34823 7641 6 Nov. November NNP 34823 7641 7 1915 1915 CD 34823 7641 8 . . . 34823 7642 1 Clark Clark NNP 34823 7642 2 , , , 34823 7642 3 J. J. NNP 34823 7642 4 M. M. NNP 34823 7642 5 , , , 34823 7642 6 " " `` 34823 7642 7 The the DT 34823 7642 8 Concept Concept NNP 34823 7642 9 of of IN 34823 7642 10 Value Value NNP 34823 7642 11 , , , 34823 7642 12 " " '' 34823 7642 13 and and CC 34823 7642 14 " " `` 34823 7642 15 A a NN 34823 7642 16 Rejoinder rejoinder NN 34823 7642 17 , , , 34823 7642 18 " " '' 34823 7642 19 _ _ NNP 34823 7642 20 Quart Quart NNP 34823 7642 21 . . . 34823 7643 1 Jour Jour NNP 34823 7643 2 . . . 34823 7644 1 of of IN 34823 7644 2 Econ Econ NNP 34823 7644 3 . . . 34823 7644 4 _ _ NNP 34823 7644 5 , , , 34823 7644 6 Aug. August NNP 34823 7644 7 1915 1915 CD 34823 7644 8 . . . 34823 7645 1 Anderson Anderson NNP 34823 7645 2 , , , 34823 7645 3 B. B. NNP 34823 7645 4 M. M. NNP 34823 7645 5 , , , 34823 7645 6 Jr. Jr. NNP 34823 7645 7 , , , 34823 7645 8 " " `` 34823 7645 9 The the DT 34823 7645 10 Concept Concept NNP 34823 7645 11 of of IN 34823 7645 12 Value Value NNP 34823 7645 13 Further further RB 34823 7645 14 Considered consider VBN 34823 7645 15 , , , 34823 7645 16 " " '' 34823 7645 17 _ _ NNP 34823 7645 18 Ibid Ibid NNP 34823 7645 19 . . . 34823 7645 20 _ _ NNP 34823 7645 21 ; ; : 34823 7645 22 " " `` 34823 7645 23 Schumpeter Schumpeter NNP 34823 7645 24 's 's POS 34823 7645 25 Dynamic Dynamic NNP 34823 7645 26 Economics Economics NNP 34823 7645 27 , , , 34823 7645 28 " " '' 34823 7645 29 _ _ NNP 34823 7645 30 Pol Pol NNP 34823 7645 31 . . . 34823 7646 1 Sci Sci NNP 34823 7646 2 . . . 34823 7647 1 Quart Quart NNP 34823 7647 2 . . . 34823 7647 3 _ _ NNP 34823 7647 4 , , , 34823 7647 5 Dec. December NNP 34823 7647 6 1915 1915 CD 34823 7647 7 . . . 34823 7648 1 Perry Perry NNP 34823 7648 2 , , , 34823 7648 3 R. R. NNP 34823 7648 4 B. B. NNP 34823 7648 5 , , , 34823 7648 6 " " `` 34823 7648 7 Economic Economic NNP 34823 7648 8 Value Value NNP 34823 7648 9 and and CC 34823 7648 10 Moral Moral NNP 34823 7648 11 Value Value NNP 34823 7648 12 , , , 34823 7648 13 " " '' 34823 7648 14 _ _ NNP 34823 7648 15 Quart Quart NNP 34823 7648 16 . . . 34823 7649 1 Jour Jour NNP 34823 7649 2 . . . 34823 7650 1 of of IN 34823 7650 2 Econ Econ NNP 34823 7650 3 . . . 34823 7650 4 _ _ NNP 34823 7650 5 , , , 34823 7650 6 May May NNP 34823 7650 7 , , , 34823 7650 8 1916 1916 CD 34823 7650 9 . . . 34823 7651 1 Bilgram Bilgram NNP 34823 7651 2 , , , 34823 7651 3 Hugo Hugo NNP 34823 7651 4 , , , 34823 7651 5 " " `` 34823 7651 6 The the DT 34823 7651 7 Equivalent equivalent JJ 34823 7651 8 Concept Concept NNP 34823 7651 9 of of IN 34823 7651 10 Value Value NNP 34823 7651 11 , , , 34823 7651 12 " " '' 34823 7651 13 _ _ NNP 34823 7651 14 Ibid Ibid NNP 34823 7651 15 . . . 34823 7651 16 _ _ NNP 34823 7651 17 , , , 34823 7651 18 Nov. November NNP 34823 7651 19 1915 1915 CD 34823 7651 20 . . . 34823 7652 1 Haney Haney NNP 34823 7652 2 , , , 34823 7652 3 L. L. NNP 34823 7652 4 H. H. NNP 34823 7652 5 , , , 34823 7652 6 " " `` 34823 7652 7 The the DT 34823 7652 8 Social Social NNP 34823 7652 9 Point Point NNP 34823 7652 10 of of IN 34823 7652 11 View View NNP 34823 7652 12 in in IN 34823 7652 13 Economics Economics NNP 34823 7652 14 , , , 34823 7652 15 " " '' 34823 7652 16 _ _ NNP 34823 7652 17 Ibid Ibid NNP 34823 7652 18 . . . 34823 7652 19 _ _ NNP 34823 7652 20 , , , 34823 7652 21 Nov. November NNP 34823 7652 22 1913 1913 CD 34823 7652 23 and and CC 34823 7652 24 Feb. February NNP 34823 7652 25 1914 1914 CD 34823 7652 26 . . . 34823 7653 1 Johnson Johnson NNP 34823 7653 2 , , , 34823 7653 3 A. A. NNP 34823 7653 4 S. S. NNP 34823 7653 5 , , , 34823 7653 6 in in IN 34823 7653 7 _ _ NNP 34823 7653 8 American American NNP 34823 7653 9 Economic Economic NNP 34823 7653 10 Review Review NNP 34823 7653 11 _ _ NNP 34823 7653 12 , , , 34823 7653 13 June June NNP 34823 7653 14 , , , 34823 7653 15 1912 1912 CD 34823 7653 16 , , , 34823 7653 17 pp pp NNP 34823 7653 18 . . . 34823 7654 1 320 320 CD 34823 7654 2 _ _ NNP 34823 7654 3 et et NNP 34823 7654 4 seq seq NN 34823 7654 5 . . . 34823 7654 6 _ _ NNP 34823 7654 7 Carver Carver NNP 34823 7654 8 , , , 34823 7654 9 T. T. NNP 34823 7654 10 N. N. NNP 34823 7654 11 , , , 34823 7654 12 in in IN 34823 7654 13 _ _ NNP 34823 7654 14 Jour Jour NNP 34823 7654 15 . . . 34823 7655 1 of of IN 34823 7655 2 Pol Pol NNP 34823 7655 3 . . . 34823 7656 1 Econ Econ NNP 34823 7656 2 . . . 34823 7656 3 _ _ NNP 34823 7656 4 , , , 34823 7656 5 June June NNP 34823 7656 6 , , , 34823 7656 7 1912 1912 CD 34823 7656 8 . . . 34823 7657 1 Mead Mead NNP 34823 7657 2 , , , 34823 7657 3 G. G. NNP 34823 7657 4 H. H. NNP 34823 7657 5 , , , 34823 7657 6 in in IN 34823 7657 7 _ _ NNP 34823 7657 8 Psych Psych NNP 34823 7657 9 . . . 34823 7658 1 Bull Bull NNP 34823 7658 2 . . . 34823 7658 3 _ _ NNP 34823 7658 4 , , , 34823 7658 5 Dec. December NNP 34823 7658 6 1911 1911 CD 34823 7658 7 . . . 34823 7659 1 Ellwood Ellwood NNP 34823 7659 2 , , , 34823 7659 3 C. C. NNP 34823 7659 4 A. A. NNP 34823 7659 5 , , , 34823 7659 6 in in IN 34823 7659 7 _ _ NNP 34823 7659 8 American American NNP 34823 7659 9 Jour Jour NNP 34823 7659 10 . . . 34823 7660 1 of of IN 34823 7660 2 Sociology Sociology NNP 34823 7660 3 _ _ NNP 34823 7660 4 , , , 34823 7660 5 1913 1913 CD 34823 7660 6 . . . 34823 7661 1 Ansiaux Ansiaux NNP 34823 7661 2 , , , 34823 7661 3 M. M. NNP 34823 7661 4 , , , 34823 7661 5 in in IN 34823 7661 6 _ _ NNP 34823 7661 7 Archives Archives NNP 34823 7661 8 Sociologiques Sociologiques NNP 34823 7661 9 , , , 34823 7661 10 Bulletin Bulletin NNP 34823 7661 11 de de IN 34823 7661 12 l'Institut l'Institut NNP 34823 7661 13 de de IN 34823 7661 14 Sociologie Sociologie NNP 34823 7661 15 Solvay Solvay NNP 34823 7661 16 _ _ NNP 34823 7661 17 , , , 34823 7661 18 May May NNP 34823 7661 19 25 25 CD 34823 7661 20 , , , 34823 7661 21 1912 1912 CD 34823 7661 22 , , , 34823 7661 23 pp pp NNP 34823 7661 24 . . . 34823 7662 1 949 949 CD 34823 7662 2 - - SYM 34823 7662 3 55 55 CD 34823 7662 4 . . . 34823 7663 1 Professor Professor NNP 34823 7663 2 Cooley Cooley NNP 34823 7663 3 's 's POS 34823 7663 4 articles article NNS 34823 7663 5 , , , 34823 7663 6 which which WDT 34823 7663 7 I -PRON- PRP 34823 7663 8 have have VBP 34823 7663 9 listed list VBN 34823 7663 10 first first RB 34823 7663 11 in in IN 34823 7663 12 this this DT 34823 7663 13 note note NN 34823 7663 14 , , , 34823 7663 15 have have VBP 34823 7663 16 in in IN 34823 7663 17 certain certain JJ 34823 7663 18 important important JJ 34823 7663 19 particulars particular NNS 34823 7663 20 shifted shift VBD 34823 7663 21 the the DT 34823 7663 22 emphasis emphasis NN 34823 7663 23 and and CC 34823 7663 24 changed change VBD 34823 7663 25 the the DT 34823 7663 26 method method NN 34823 7663 27 of of IN 34823 7663 28 approach approach NN 34823 7663 29 . . . 34823 7664 1 He -PRON- PRP 34823 7664 2 is be VBZ 34823 7664 3 more more RBR 34823 7664 4 interested interested JJ 34823 7664 5 in in IN 34823 7664 6 the the DT 34823 7664 7 general general JJ 34823 7664 8 sociological sociological JJ 34823 7664 9 aspects aspect NNS 34823 7664 10 of of IN 34823 7664 11 the the DT 34823 7664 12 value value NN 34823 7664 13 problem problem NN 34823 7664 14 than than IN 34823 7664 15 in in IN 34823 7664 16 the the DT 34823 7664 17 technical technical JJ 34823 7664 18 economic economic JJ 34823 7664 19 aspects aspect NNS 34823 7664 20 . . . 34823 7665 1 In in IN 34823 7665 2 considering consider VBG 34823 7665 3 economic economic JJ 34823 7665 4 value value NN 34823 7665 5 , , , 34823 7665 6 he -PRON- PRP 34823 7665 7 is be VBZ 34823 7665 8 more more RBR 34823 7665 9 interested interested JJ 34823 7665 10 in in IN 34823 7665 11 its -PRON- PRP$ 34823 7665 12 general general JJ 34823 7665 13 social social JJ 34823 7665 14 functions function NNS 34823 7665 15 than than IN 34823 7665 16 in in IN 34823 7665 17 its -PRON- PRP$ 34823 7665 18 function function NN 34823 7665 19 as as IN 34823 7665 20 a a DT 34823 7665 21 tool tool NN 34823 7665 22 of of IN 34823 7665 23 thought thought NN 34823 7665 24 for for IN 34823 7665 25 the the DT 34823 7665 26 economic economic JJ 34823 7665 27 theorist theorist NN 34823 7665 28 . . . 34823 7666 1 He -PRON- PRP 34823 7666 2 has have VBZ 34823 7666 3 , , , 34823 7666 4 therefore therefore RB 34823 7666 5 , , , 34823 7666 6 been be VBN 34823 7666 7 less less RBR 34823 7666 8 bound bind VBN 34823 7666 9 by by IN 34823 7666 10 schemata schemata NN 34823 7666 11 than than IN 34823 7666 12 I -PRON- PRP 34823 7666 13 have have VBP 34823 7666 14 in in IN 34823 7666 15 the the DT 34823 7666 16 discussion discussion NN 34823 7666 17 . . . 34823 7667 1 This this DT 34823 7667 2 different different JJ 34823 7667 3 method method NN 34823 7667 4 of of IN 34823 7667 5 approach approach NN 34823 7667 6 , , , 34823 7667 7 coupled couple VBN 34823 7667 8 with with IN 34823 7667 9 a a DT 34823 7667 10 singular singular JJ 34823 7667 11 charm charm NN 34823 7667 12 in in IN 34823 7667 13 exposition exposition NN 34823 7667 14 which which WDT 34823 7667 15 characterizes characterize VBZ 34823 7667 16 everything everything NN 34823 7667 17 Professor Professor NNP 34823 7667 18 Cooley Cooley NNP 34823 7667 19 writes write VBZ 34823 7667 20 , , , 34823 7667 21 makes make VBZ 34823 7667 22 it -PRON- PRP 34823 7667 23 seem seem VB 34823 7667 24 probable probable JJ 34823 7667 25 to to IN 34823 7667 26 me -PRON- PRP 34823 7667 27 that that IN 34823 7667 28 readers reader NNS 34823 7667 29 who who WP 34823 7667 30 may may MD 34823 7667 31 find find VB 34823 7667 32 the the DT 34823 7667 33 doctrine doctrine NN 34823 7667 34 as as IN 34823 7667 35 I -PRON- PRP 34823 7667 36 set set VBD 34823 7667 37 it -PRON- PRP 34823 7667 38 forth forth RB 34823 7667 39 unconvincing unconvincing JJ 34823 7667 40 , , , 34823 7667 41 will will MD 34823 7667 42 be be VB 34823 7667 43 convinced convince VBN 34823 7667 44 by by IN 34823 7667 45 Professor Professor NNP 34823 7667 46 Cooley Cooley NNP 34823 7667 47 's 's POS 34823 7667 48 exposition exposition NN 34823 7667 49 . . . 34823 7668 1 I -PRON- PRP 34823 7668 2 hope hope VBP 34823 7668 3 , , , 34823 7668 4 too too RB 34823 7668 5 , , , 34823 7668 6 that that IN 34823 7668 7 Professor Professor NNP 34823 7668 8 Cooley Cooley NNP 34823 7668 9 's 's POS 34823 7668 10 articles article NNS 34823 7668 11 , , , 34823 7668 12 which which WDT 34823 7668 13 have have VBP 34823 7668 14 been be VBN 34823 7668 15 scattered scatter VBN 34823 7668 16 among among IN 34823 7668 17 three three CD 34823 7668 18 periodicals periodical NNS 34823 7668 19 , , , 34823 7668 20 may may MD 34823 7668 21 soon soon RB 34823 7668 22 appear appear VB 34823 7668 23 together together RB 34823 7668 24 under under IN 34823 7668 25 one one CD 34823 7668 26 cover cover NN 34823 7668 27 . . . 34823 7669 1 [ [ -LRB- 34823 7669 2 3 3 LS 34823 7669 3 ] ] -RRB- 34823 7669 4 Including include VBG 34823 7669 5 many many JJ 34823 7669 6 whose whose WP$ 34823 7669 7 formal formal JJ 34823 7669 8 definitions definition NNS 34823 7669 9 are be VBP 34823 7669 10 quite quite RB 34823 7669 11 different different JJ 34823 7669 12 , , , 34823 7669 13 and and CC 34823 7669 14 who who WP 34823 7669 15 would would MD 34823 7669 16 repudiate repudiate VB 34823 7669 17 the the DT 34823 7669 18 contentions contention NNS 34823 7669 19 here here RB 34823 7669 20 advanced advanced JJ 34823 7669 21 ! ! . 34823 7670 1 _ _ NNP 34823 7670 2 Cf Cf NNP 34823 7670 3 . . . 34823 7670 4 _ _ IN 34823 7670 5 my -PRON- PRP$ 34823 7670 6 article article NN 34823 7670 7 , , , 34823 7670 8 " " `` 34823 7670 9 The the DT 34823 7670 10 Concept Concept NNP 34823 7670 11 of of IN 34823 7670 12 Value Value NNP 34823 7670 13 Further further RB 34823 7670 14 Considered consider VBN 34823 7670 15 , , , 34823 7670 16 " " '' 34823 7670 17 _ _ NNP 34823 7670 18 Quarterly Quarterly NNP 34823 7670 19 Journal Journal NNP 34823 7670 20 of of IN 34823 7670 21 Economics Economics NNP 34823 7670 22 _ _ NNP 34823 7670 23 , , , 34823 7670 24 Aug. August NNP 34823 7670 25 1915 1915 CD 34823 7670 26 , , , 34823 7670 27 and and CC 34823 7670 28 _ _ NNP 34823 7670 29 Social Social NNP 34823 7670 30 Value Value NNP 34823 7670 31 _ _ NNP 34823 7670 32 , , , 34823 7670 33 chs chs NNP 34823 7670 34 . . . 34823 7671 1 2 2 CD 34823 7671 2 and and CC 34823 7671 3 11 11 CD 34823 7671 4 . . . 34823 7672 1 [ [ -LRB- 34823 7672 2 4 4 CD 34823 7672 3 ] ] -RRB- 34823 7672 4 Definitions definition NNS 34823 7672 5 of of IN 34823 7672 6 wealth wealth NN 34823 7672 7 differ differ VBP 34823 7672 8 , , , 34823 7672 9 and and CC 34823 7672 10 there there EX 34823 7672 11 are be VBP 34823 7672 12 few few JJ 34823 7672 13 if if IN 34823 7672 14 any any DT 34823 7672 15 definitions definition NNS 34823 7672 16 of of IN 34823 7672 17 wealth wealth NN 34823 7672 18 broad broad RB 34823 7672 19 enough enough RB 34823 7672 20 to to TO 34823 7672 21 make make VB 34823 7672 22 it -PRON- PRP 34823 7672 23 true true JJ 34823 7672 24 that that IN 34823 7672 25 only only JJ 34823 7672 26 items item NNS 34823 7672 27 of of IN 34823 7672 28 wealth wealth NN 34823 7672 29 have have VBP 34823 7672 30 value value NN 34823 7672 31 . . . 34823 7673 1 All all DT 34823 7673 2 wealth wealth NN 34823 7673 3 has have VBZ 34823 7673 4 value value NN 34823 7673 5 , , , 34823 7673 6 but but CC 34823 7673 7 not not RB 34823 7673 8 all all DT 34823 7673 9 value value NN 34823 7673 10 is be VBZ 34823 7673 11 embodied embody VBN 34823 7673 12 in in IN 34823 7673 13 wealth wealth NN 34823 7673 14 . . . 34823 7674 1 Thus thus RB 34823 7674 2 , , , 34823 7674 3 stocks stock NNS 34823 7674 4 and and CC 34823 7674 5 bonds bond NNS 34823 7674 6 , , , 34823 7674 7 and and CC 34823 7674 8 " " `` 34823 7674 9 good good JJ 34823 7674 10 will will MD 34823 7674 11 " " '' 34823 7674 12 have have VB 34823 7674 13 value value NN 34823 7674 14 . . . 34823 7675 1 Few few JJ 34823 7675 2 writers writer NNS 34823 7675 3 would would MD 34823 7675 4 classify classify VB 34823 7675 5 them -PRON- PRP 34823 7675 6 as as IN 34823 7675 7 wealth wealth NN 34823 7675 8 . . . 34823 7676 1 The the DT 34823 7676 2 distinction distinction NN 34823 7676 3 between between IN 34823 7676 4 wealth wealth NN 34823 7676 5 and and CC 34823 7676 6 property property NN 34823 7676 7 is be VBZ 34823 7676 8 employed employ VBN 34823 7676 9 by by IN 34823 7676 10 many many JJ 34823 7676 11 writers writer NNS 34823 7676 12 to to TO 34823 7676 13 meet meet VB 34823 7676 14 the the DT 34823 7676 15 difficulty difficulty NN 34823 7676 16 here here RB 34823 7676 17 presented present VBN 34823 7676 18 , , , 34823 7676 19 and and CC 34823 7676 20 it -PRON- PRP 34823 7676 21 is be VBZ 34823 7676 22 held hold VBN 34823 7676 23 that that IN 34823 7676 24 these these DT 34823 7676 25 intangibles intangible NNS 34823 7676 26 have have VBP 34823 7676 27 only only RB 34823 7676 28 the the DT 34823 7676 29 value value NN 34823 7676 30 of of IN 34823 7676 31 the the DT 34823 7676 32 wealth wealth NN 34823 7676 33 to to TO 34823 7676 34 which which WDT 34823 7676 35 they -PRON- PRP 34823 7676 36 give give VBP 34823 7676 37 title title NN 34823 7676 38 . . . 34823 7677 1 In in IN 34823 7677 2 a a DT 34823 7677 3 logical logical JJ 34823 7677 4 schema schema NN 34823 7677 5 , , , 34823 7677 6 on on IN 34823 7677 7 the the DT 34823 7677 8 assumption assumption NN 34823 7677 9 of of IN 34823 7677 10 a a DT 34823 7677 11 fluid fluid JJ 34823 7677 12 , , , 34823 7677 13 static static JJ 34823 7677 14 equilibrium equilibrium NN 34823 7677 15 , , , 34823 7677 16 this this DT 34823 7677 17 may may MD 34823 7677 18 serve serve VB 34823 7677 19 . . . 34823 7678 1 It -PRON- PRP 34823 7678 2 is be VBZ 34823 7678 3 true true JJ 34823 7678 4 in in IN 34823 7678 5 fact fact NN 34823 7678 6 , , , 34823 7678 7 however however RB 34823 7678 8 , , , 34823 7678 9 that that IN 34823 7678 10 many many JJ 34823 7678 11 of of IN 34823 7678 12 these these DT 34823 7678 13 intangibles intangible NNS 34823 7678 14 have have VBP 34823 7678 15 value value NN 34823 7678 16 apart apart RB 34823 7678 17 from from IN 34823 7678 18 the the DT 34823 7678 19 wealth wealth NN 34823 7678 20 to to TO 34823 7678 21 which which WDT 34823 7678 22 they -PRON- PRP 34823 7678 23 give give VBP 34823 7678 24 title title NN 34823 7678 25 . . . 34823 7679 1 But but CC 34823 7679 2 these these DT 34823 7679 3 are be VBP 34823 7679 4 complications complication NNS 34823 7679 5 which which WDT 34823 7679 6 I -PRON- PRP 34823 7679 7 reserve reserve VBP 34823 7679 8 for for IN 34823 7679 9 a a DT 34823 7679 10 later later JJ 34823 7679 11 part part NN 34823 7679 12 of of IN 34823 7679 13 this this DT 34823 7679 14 chapter chapter NN 34823 7679 15 , , , 34823 7679 16 for for IN 34823 7679 17 the the DT 34823 7679 18 chapter chapter NN 34823 7679 19 on on IN 34823 7679 20 " " `` 34823 7679 21 Statics Statics NNPS 34823 7679 22 and and CC 34823 7679 23 Dynamics Dynamics NNPS 34823 7679 24 , , , 34823 7679 25 " " '' 34823 7679 26 and and CC 34823 7679 27 ( ( -LRB- 34823 7679 28 in in IN 34823 7679 29 the the DT 34823 7679 30 case case NN 34823 7679 31 of of IN 34823 7679 32 irredeemable irredeemable JJ 34823 7679 33 paper paper NN 34823 7679 34 money money NN 34823 7679 35 ) ) -RRB- 34823 7679 36 for for IN 34823 7679 37 the the DT 34823 7679 38 chapter chapter NN 34823 7679 39 on on IN 34823 7679 40 " " `` 34823 7679 41 Dodo Dodo NNP 34823 7679 42 Bones Bones NNPS 34823 7679 43 . . . 34823 7679 44 " " '' 34823 7680 1 [ [ -LRB- 34823 7680 2 5 5 CD 34823 7680 3 ] ] -RRB- 34823 7680 4 The the DT 34823 7680 5 notion notion NN 34823 7680 6 of of IN 34823 7680 7 ratio ratio NN 34823 7680 8 of of IN 34823 7680 9 exchange exchange NN 34823 7680 10 as as IN 34823 7680 11 a a DT 34823 7680 12 ratio ratio NN 34823 7680 13 between between IN 34823 7680 14 values value NNS 34823 7680 15 is be VBZ 34823 7680 16 strictly strictly RB 34823 7680 17 accurate accurate JJ 34823 7680 18 only only RB 34823 7680 19 under under IN 34823 7680 20 static static JJ 34823 7680 21 assumptions assumption NNS 34823 7680 22 . . . 34823 7681 1 Goods good NNS 34823 7681 2 , , , 34823 7681 3 in in IN 34823 7681 4 actual actual JJ 34823 7681 5 life life NN 34823 7681 6 , , , 34823 7681 7 are be VBP 34823 7681 8 not not RB 34823 7681 9 always always RB 34823 7681 10 exchanged exchange VBN 34823 7681 11 strictly strictly RB 34823 7681 12 in in IN 34823 7681 13 accordance accordance NN 34823 7681 14 with with IN 34823 7681 15 their -PRON- PRP$ 34823 7681 16 values value NNS 34823 7681 17 . . . 34823 7682 1 _ _ NNP 34823 7682 2 Cf Cf NNP 34823 7682 3 . . . 34823 7682 4 _ _ IN 34823 7682 5 my -PRON- PRP$ 34823 7682 6 article article NN 34823 7682 7 , , , 34823 7682 8 " " `` 34823 7682 9 The the DT 34823 7682 10 Concept Concept NNP 34823 7682 11 of of IN 34823 7682 12 Value Value NNP 34823 7682 13 Further further RB 34823 7682 14 Considered consider VBN 34823 7682 15 , , , 34823 7682 16 " " '' 34823 7682 17 _ _ NNP 34823 7682 18 Q. Q. NNP 34823 7683 1 J. J. NNP 34823 7683 2 E. E. NNP 34823 7683 3 _ _ NNP 34823 7683 4 , , , 34823 7683 5 Aug. August NNP 34823 7683 6 1915 1915 CD 34823 7683 7 , , , 34823 7683 8 pp pp NNP 34823 7683 9 . . . 34823 7684 1 698 698 CD 34823 7684 2 - - SYM 34823 7684 3 702 702 CD 34823 7684 4 . . . 34823 7685 1 In in IN 34823 7685 2 cases case NNS 34823 7685 3 where where WRB 34823 7685 4 prices price NNS 34823 7685 5 , , , 34823 7685 6 or or CC 34823 7685 7 exchange exchange NN 34823 7685 8 relations relation NNS 34823 7685 9 , , , 34823 7685 10 are be VBP 34823 7685 11 not not RB 34823 7685 12 in in IN 34823 7685 13 accord accord NN 34823 7685 14 with with IN 34823 7685 15 values value NNS 34823 7685 16 , , , 34823 7685 17 the the DT 34823 7685 18 term term NN 34823 7685 19 " " `` 34823 7685 20 ratio ratio NN 34823 7685 21 of of IN 34823 7685 22 exchange exchange NN 34823 7685 23 " " '' 34823 7685 24 is be VBZ 34823 7685 25 inapplicable inapplicable JJ 34823 7685 26 , , , 34823 7685 27 since since IN 34823 7685 28 there there EX 34823 7685 29 are be VBP 34823 7685 30 no no DT 34823 7685 31 quantities quantity NNS 34823 7685 32 to to TO 34823 7685 33 be be VB 34823 7685 34 terms term NNS 34823 7685 35 of of IN 34823 7685 36 the the DT 34823 7685 37 ratio ratio NN 34823 7685 38 -- -- : 34823 7685 39 except except IN 34823 7685 40 the the DT 34823 7685 41 pure pure JJ 34823 7685 42 abstract abstract JJ 34823 7685 43 numbers number NNS 34823 7685 44 of of IN 34823 7685 45 the the DT 34823 7685 46 commodities commodity NNS 34823 7685 47 , , , 34823 7685 48 each each DT 34823 7685 49 measured measure VBN 34823 7685 50 in in IN 34823 7685 51 its -PRON- PRP$ 34823 7685 52 own own JJ 34823 7685 53 unit unit NN 34823 7685 54 , , , 34823 7685 55 exchanged exchange VBD 34823 7685 56 . . . 34823 7686 1 [ [ -LRB- 34823 7686 2 6 6 CD 34823 7686 3 ] ] -RRB- 34823 7686 4 In in IN 34823 7686 5 chapter chapter NN 34823 7686 6 17 17 CD 34823 7686 7 of of IN 34823 7686 8 _ _ NNP 34823 7686 9 Social Social NNP 34823 7686 10 Value Value NNP 34823 7686 11 _ _ NNP 34823 7686 12 , , , 34823 7686 13 I -PRON- PRP 34823 7686 14 have have VBP 34823 7686 15 followed follow VBN 34823 7686 16 the the DT 34823 7686 17 German german JJ 34823 7686 18 usage usage NN 34823 7686 19 in in IN 34823 7686 20 broadening broaden VBG 34823 7686 21 the the DT 34823 7686 22 term term NN 34823 7686 23 , , , 34823 7686 24 price price NN 34823 7686 25 , , , 34823 7686 26 to to TO 34823 7686 27 cover cover VB 34823 7686 28 all all DT 34823 7686 29 exchange exchange NN 34823 7686 30 relations relation NNS 34823 7686 31 . . . 34823 7687 1 This this DT 34823 7687 2 has have VBZ 34823 7687 3 led lead VBN 34823 7687 4 to to IN 34823 7687 5 misunderstanding misunderstanding NN 34823 7687 6 on on IN 34823 7687 7 the the DT 34823 7687 8 part part NN 34823 7687 9 of of IN 34823 7687 10 some some DT 34823 7687 11 readers reader NNS 34823 7687 12 , , , 34823 7687 13 and and CC 34823 7687 14 it -PRON- PRP 34823 7687 15 has have VBZ 34823 7687 16 seemed seem VBN 34823 7687 17 best good JJS 34823 7687 18 to to IN 34823 7687 19 me -PRON- PRP 34823 7687 20 to to TO 34823 7687 21 return return VB 34823 7687 22 to to IN 34823 7687 23 what what WP 34823 7687 24 appears appear VBZ 34823 7687 25 to to TO 34823 7687 26 be be VB 34823 7687 27 the the DT 34823 7687 28 more more RBR 34823 7687 29 familiar familiar JJ 34823 7687 30 usage usage NN 34823 7687 31 . . . 34823 7688 1 It -PRON- PRP 34823 7688 2 is be VBZ 34823 7688 3 purely purely RB 34823 7688 4 a a DT 34823 7688 5 question question NN 34823 7688 6 of of IN 34823 7688 7 convenience convenience NN 34823 7688 8 . . . 34823 7689 1 Practically practically RB 34823 7689 2 , , , 34823 7689 3 ratios ratio NNS 34823 7689 4 of of IN 34823 7689 5 exchange exchange NN 34823 7689 6 which which WDT 34823 7689 7 are be VBP 34823 7689 8 not not RB 34823 7689 9 money money NN 34823 7689 10 - - HYPH 34823 7689 11 prices price NNS 34823 7689 12 rarely rarely RB 34823 7689 13 come come VBP 34823 7689 14 in in RP 34823 7689 15 for for IN 34823 7689 16 discussion discussion NN 34823 7689 17 , , , 34823 7689 18 outside outside IN 34823 7689 19 the the DT 34823 7689 20 preliminary preliminary JJ 34823 7689 21 chapter chapter NN 34823 7689 22 on on IN 34823 7689 23 definition definition NN 34823 7689 24 ! ! . 34823 7690 1 Professor Professor NNP 34823 7690 2 Fetter Fetter NNP 34823 7690 3 , , , 34823 7690 4 in in IN 34823 7690 5 his -PRON- PRP$ 34823 7690 6 article article NN 34823 7690 7 on on IN 34823 7690 8 the the DT 34823 7690 9 " " `` 34823 7690 10 Definition Definition NNP 34823 7690 11 of of IN 34823 7690 12 Price Price NNP 34823 7690 13 , , , 34823 7690 14 " " '' 34823 7690 15 in in IN 34823 7690 16 the the DT 34823 7690 17 _ _ NNP 34823 7690 18 American American NNP 34823 7690 19 Economic Economic NNP 34823 7690 20 Review Review NNP 34823 7690 21 _ _ NNP 34823 7690 22 , , , 34823 7690 23 Dec. December NNP 34823 7690 24 1912 1912 CD 34823 7690 25 , , , 34823 7690 26 proposes propose VBZ 34823 7690 27 to to TO 34823 7690 28 broaden broaden VB 34823 7690 29 the the DT 34823 7690 30 term term NN 34823 7690 31 price price NN 34823 7690 32 in in IN 34823 7690 33 the the DT 34823 7690 34 manner manner NN 34823 7690 35 which which WDT 34823 7690 36 I -PRON- PRP 34823 7690 37 am be VBP 34823 7690 38 here here RB 34823 7690 39 abandoning abandon VBG 34823 7690 40 , , , 34823 7690 41 and and CC 34823 7690 42 his -PRON- PRP$ 34823 7690 43 count count NN 34823 7690 44 of of IN 34823 7690 45 economists economist NNS 34823 7690 46 would would MD 34823 7690 47 seem seem VB 34823 7690 48 to to TO 34823 7690 49 leave leave VB 34823 7690 50 usage usage NN 34823 7690 51 about about IN 34823 7690 52 equally equally RB 34823 7690 53 divided divide VBN 34823 7690 54 between between IN 34823 7690 55 the the DT 34823 7690 56 broader broad JJR 34823 7690 57 and and CC 34823 7690 58 narrower narrow JJR 34823 7690 59 uses use NNS 34823 7690 60 of of IN 34823 7690 61 the the DT 34823 7690 62 term term NN 34823 7690 63 . . . 34823 7691 1 It -PRON- PRP 34823 7691 2 does do VBZ 34823 7691 3 not not RB 34823 7691 4 seem seem VB 34823 7691 5 to to IN 34823 7691 6 me -PRON- PRP 34823 7691 7 to to TO 34823 7691 8 be be VB 34823 7691 9 a a DT 34823 7691 10 point point NN 34823 7691 11 worth worth JJ 34823 7691 12 arguing argue VBG 34823 7691 13 about about IN 34823 7691 14 , , , 34823 7691 15 however however RB 34823 7691 16 , , , 34823 7691 17 and and CC 34823 7691 18 since since IN 34823 7691 19 I -PRON- PRP 34823 7691 20 am be VBP 34823 7691 21 practically practically RB 34823 7691 22 convinced convinced JJ 34823 7691 23 that that IN 34823 7691 24 cause cause NN 34823 7691 25 of of IN 34823 7691 26 misunderstanding misunderstanding NN 34823 7691 27 will will MD 34823 7691 28 be be VB 34823 7691 29 removed remove VBN 34823 7691 30 by by IN 34823 7691 31 using use VBG 34823 7691 32 price price NN 34823 7691 33 to to TO 34823 7691 34 mean mean VB 34823 7691 35 " " `` 34823 7691 36 money money NN 34823 7691 37 - - HYPH 34823 7691 38 price price NN 34823 7691 39 , , , 34823 7691 40 " " `` 34823 7691 41 I -PRON- PRP 34823 7691 42 shall shall MD 34823 7691 43 so so RB 34823 7691 44 use use VB 34823 7691 45 the the DT 34823 7691 46 term term NN 34823 7691 47 in in IN 34823 7691 48 this this DT 34823 7691 49 book book NN 34823 7691 50 , , , 34823 7691 51 using use VBG 34823 7691 52 ratio ratio NN 34823 7691 53 of of IN 34823 7691 54 exchange exchange NN 34823 7691 55 , , , 34823 7691 56 or or CC 34823 7691 57 exchange exchange NN 34823 7691 58 relation relation NN 34823 7691 59 , , , 34823 7691 60 to to TO 34823 7691 61 express express VB 34823 7691 62 the the DT 34823 7691 63 broader broad JJR 34823 7691 64 concept concept NN 34823 7691 65 . . . 34823 7692 1 [ [ -LRB- 34823 7692 2 7 7 CD 34823 7692 3 ] ] -RRB- 34823 7692 4 E. E. NNP 34823 7692 5 g. g. NNP 34823 7692 6 , , , 34823 7692 7 Böhm Böhm NNP 34823 7692 8 - - HYPH 34823 7692 9 Bawerk Bawerk NNP 34823 7692 10 , , , 34823 7692 11 _ _ NNP 34823 7692 12 Grundzüge Grundzüge NNP 34823 7692 13 der der VBP 34823 7692 14 Theorie Theorie NNP 34823 7692 15 des des NNP 34823 7692 16 wirtschaftlichen wirtschaftlichen NNP 34823 7692 17 Güterwerts Güterwerts NNP 34823 7692 18 _ _ NNP 34823 7692 19 , , , 34823 7692 20 Conrad Conrad NNP 34823 7692 21 's 's POS 34823 7692 22 _ _ NNP 34823 7692 23 Jahrbücher Jahrbücher NNP 34823 7692 24 _ _ NNP 34823 7692 25 , , , 34823 7692 26 1886 1886 CD 34823 7692 27 , , , 34823 7692 28 p. p. NN 34823 7692 29 478 478 CD 34823 7692 30 , , , 34823 7692 31 n. n. NN 34823 7692 32 ; ; : 34823 7692 33 Carver Carver NNP 34823 7692 34 , , , 34823 7692 35 " " '' 34823 7692 36 Concept concept NN 34823 7692 37 of of IN 34823 7692 38 an an DT 34823 7692 39 Economic Economic NNP 34823 7692 40 Quantity quantity NN 34823 7692 41 , , , 34823 7692 42 " " '' 34823 7692 43 _ _ NNP 34823 7692 44 Quarterly Quarterly NNP 34823 7692 45 Journal Journal NNP 34823 7692 46 of of IN 34823 7692 47 Economics Economics NNP 34823 7692 48 _ _ NNP 34823 7692 49 , , , 34823 7692 50 1907 1907 CD 34823 7692 51 . . . 34823 7693 1 [ [ -LRB- 34823 7693 2 8 8 LS 34823 7693 3 ] ] -RRB- 34823 7693 4 This this DT 34823 7693 5 distinction distinction NN 34823 7693 6 is be VBZ 34823 7693 7 elaborated elaborate VBN 34823 7693 8 _ _ NNP 34823 7693 9 infra infra NNP 34823 7693 10 _ _ NNP 34823 7693 11 , , , 34823 7693 12 in in IN 34823 7693 13 the the DT 34823 7693 14 chapter chapter NN 34823 7693 15 on on IN 34823 7693 16 the the DT 34823 7693 17 " " `` 34823 7693 18 Origin Origin NNP 34823 7693 19 of of IN 34823 7693 20 Money Money NNP 34823 7693 21 . . . 34823 7693 22 " " '' 34823 7694 1 [ [ -LRB- 34823 7694 2 9 9 CD 34823 7694 3 ] ] -RRB- 34823 7694 4 It -PRON- PRP 34823 7694 5 is be VBZ 34823 7694 6 a a DT 34823 7694 7 matter matter NN 34823 7694 8 of of IN 34823 7694 9 high high JJ 34823 7694 10 importance importance NN 34823 7694 11 that that IN 34823 7694 12 the the DT 34823 7694 13 value value NN 34823 7694 14 notion notion NN 34823 7694 15 should should MD 34823 7694 16 be be VB 34823 7694 17 extended extend VBN 34823 7694 18 beyond beyond IN 34823 7694 19 exchange exchange NN 34823 7694 20 , , , 34823 7694 21 if if IN 34823 7694 22 the the DT 34823 7694 23 economist economist NN 34823 7694 24 is be VBZ 34823 7694 25 to to TO 34823 7694 26 be be VB 34823 7694 27 able able JJ 34823 7694 28 to to TO 34823 7694 29 apply apply VB 34823 7694 30 his -PRON- PRP$ 34823 7694 31 theory theory NN 34823 7694 32 to to IN 34823 7694 33 such such JJ 34823 7694 34 highly highly RB 34823 7694 35 important important JJ 34823 7694 36 economic economic JJ 34823 7694 37 problems problem NNS 34823 7694 38 as as IN 34823 7694 39 socialism socialism NN 34823 7694 40 . . . 34823 7695 1 _ _ NNP 34823 7695 2 Cf Cf NNP 34823 7695 3 . . . 34823 7695 4 _ _ NNP 34823 7695 5 Schäffle Schäffle NNP 34823 7695 6 , , , 34823 7695 7 _ _ NNP 34823 7695 8 Quintessence Quintessence NNP 34823 7695 9 of of IN 34823 7695 10 Socialism Socialism NNP 34823 7695 11 _ _ NNP 34823 7695 12 , , , 34823 7695 13 and and CC 34823 7695 14 Clark Clark NNP 34823 7695 15 , , , 34823 7695 16 J. J. NNP 34823 7695 17 M. M. NNP 34823 7695 18 , , , 34823 7695 19 _ _ NNP 34823 7695 20 Quart Quart NNP 34823 7695 21 . . . 34823 7696 1 Jour Jour NNP 34823 7696 2 . . . 34823 7697 1 of of IN 34823 7697 2 Econ Econ NNP 34823 7697 3 . . . 34823 7697 4 _ _ NNP 34823 7697 5 , , , 34823 7697 6 Aug. August NNP 34823 7697 7 1915 1915 CD 34823 7697 8 , , , 34823 7697 9 p. p. NN 34823 7697 10 710 710 CD 34823 7697 11 . . . 34823 7698 1 [ [ -LRB- 34823 7698 2 10 10 CD 34823 7698 3 ] ] -RRB- 34823 7698 4 As as IN 34823 7698 5 shown show VBN 34823 7698 6 , , , 34823 7698 7 _ _ NNP 34823 7698 8 infra infra NNP 34823 7698 9 _ _ NNP 34823 7698 10 , , , 34823 7698 11 in in IN 34823 7698 12 the the DT 34823 7698 13 chapters chapter NNS 34823 7698 14 on on IN 34823 7698 15 " " `` 34823 7698 16 Supply Supply NNP 34823 7698 17 and and CC 34823 7698 18 Demand demand NN 34823 7698 19 , , , 34823 7698 20 " " '' 34823 7698 21 " " `` 34823 7698 22 Cost cost NN 34823 7698 23 of of IN 34823 7698 24 Production production NN 34823 7698 25 , , , 34823 7698 26 " " '' 34823 7698 27 " " `` 34823 7698 28 Capitalization Capitalization NNP 34823 7698 29 Theory Theory NNP 34823 7698 30 , , , 34823 7698 31 " " '' 34823 7698 32 etc etc FW 34823 7698 33 . . . 34823 7699 1 [ [ -LRB- 34823 7699 2 11 11 CD 34823 7699 3 ] ] -RRB- 34823 7699 4 _ _ NNP 34823 7699 5 Vide Vide NNP 34823 7699 6 Social Social NNP 34823 7699 7 Value Value NNP 34823 7699 8 _ _ NNP 34823 7699 9 , , , 34823 7699 10 p. p. NN 34823 7699 11 176 176 CD 34823 7699 12 , , , 34823 7699 13 n. n. NNP 34823 7699 14 _ _ NNP 34823 7699 15 Cf Cf NNP 34823 7699 16 . . . 34823 7699 17 _ _ NNP 34823 7699 18 Davenport Davenport NNP 34823 7699 19 , , , 34823 7699 20 _ _ NNP 34823 7699 21 Value Value NNP 34823 7699 22 and and CC 34823 7699 23 Distribution Distribution NNP 34823 7699 24 _ _ NNP 34823 7699 25 , , , 34823 7699 26 chapter chapter NN 34823 7699 27 on on IN 34823 7699 28 " " `` 34823 7699 29 Ricardo Ricardo NNP 34823 7699 30 . . . 34823 7699 31 " " '' 34823 7700 1 [ [ -LRB- 34823 7700 2 12 12 CD 34823 7700 3 ] ] -RRB- 34823 7700 4 Knies Knies NNPS 34823 7700 5 , , , 34823 7700 6 _ _ NNP 34823 7700 7 Das Das NNP 34823 7700 8 Geld Geld NNP 34823 7700 9 _ _ NNP 34823 7700 10 , , , 34823 7700 11 vol vol NNP 34823 7700 12 . . . 34823 7701 1 I -PRON- PRP 34823 7701 2 of of IN 34823 7701 3 _ _ NNP 34823 7701 4 Geld Geld NNP 34823 7701 5 und und NN 34823 7701 6 Credit Credit NNP 34823 7701 7 _ _ NNP 34823 7701 8 , , , 34823 7701 9 Berlin Berlin NNP 34823 7701 10 , , , 34823 7701 11 1873 1873 CD 34823 7701 12 , , , 34823 7701 13 pp pp NNP 34823 7701 14 . . . 34823 7702 1 113 113 CD 34823 7702 2 - - SYM 34823 7702 3 125 125 CD 34823 7702 4 , , , 34823 7702 5 esp esp RB 34823 7702 6 . . . 34823 7703 1 124 124 CD 34823 7703 2 . . . 34823 7704 1 [ [ -LRB- 34823 7704 2 13 13 CD 34823 7704 3 ] ] -RRB- 34823 7704 4 Chapter chapter NN 34823 7704 5 on on IN 34823 7704 6 " " `` 34823 7704 7 Value Value NNP 34823 7704 8 " " '' 34823 7704 9 in in IN 34823 7704 10 the the DT 34823 7704 11 _ _ NNP 34823 7704 12 Philosophy Philosophy NNP 34823 7704 13 of of IN 34823 7704 14 Wealth Wealth NNP 34823 7704 15 _ _ NNP 34823 7704 16 , , , 34823 7704 17 and and CC 34823 7704 18 ch ch NN 34823 7704 19 . . . 34823 7705 1 24 24 CD 34823 7705 2 of of IN 34823 7705 3 the the DT 34823 7705 4 _ _ NNP 34823 7705 5 Distribution Distribution NNP 34823 7705 6 of of IN 34823 7705 7 Wealth Wealth NNP 34823 7705 8 _ _ NNP 34823 7705 9 . . . 34823 7706 1 [ [ -LRB- 34823 7706 2 14 14 CD 34823 7706 3 ] ] -RRB- 34823 7706 4 _ _ NNP 34823 7706 5 Social Social NNP 34823 7706 6 Value Value NNP 34823 7706 7 _ _ NNP 34823 7706 8 , , , 34823 7706 9 ch ch NN 34823 7706 10 . . . 34823 7707 1 7 7 LS 34823 7707 2 . . . 34823 7708 1 [ [ -LRB- 34823 7708 2 15 15 CD 34823 7708 3 ] ] -RRB- 34823 7708 4 T. T. NNP 34823 7708 5 S. S. NNP 34823 7708 6 Adams Adams NNP 34823 7708 7 , , , 34823 7708 8 " " `` 34823 7708 9 Index Index NNP 34823 7708 10 Numbers Numbers NNPS 34823 7708 11 and and CC 34823 7708 12 the the DT 34823 7708 13 Standard Standard NNP 34823 7708 14 of of IN 34823 7708 15 Value Value NNP 34823 7708 16 , , , 34823 7708 17 " " '' 34823 7708 18 _ _ NNP 34823 7708 19 Jour Jour NNP 34823 7708 20 . . . 34823 7709 1 of of IN 34823 7709 2 Pol Pol NNP 34823 7709 3 . . . 34823 7710 1 Econ Econ NNP 34823 7710 2 . . . 34823 7710 3 _ _ NNP 34823 7710 4 , , , 34823 7710 5 vol vol NNP 34823 7710 6 . . . 34823 7711 1 x x LS 34823 7711 2 , , , 34823 7711 3 1901 1901 CD 34823 7711 4 - - SYM 34823 7711 5 02 02 CD 34823 7711 6 , , , 34823 7711 7 pp pp NNP 34823 7711 8 . . . 34823 7712 1 11 11 CD 34823 7712 2 and and CC 34823 7712 3 18 18 CD 34823 7712 4 - - SYM 34823 7712 5 19 19 CD 34823 7712 6 ; ; : 34823 7712 7 Kinley Kinley NNP 34823 7712 8 , , , 34823 7712 9 " " `` 34823 7712 10 Money money NN 34823 7712 11 " " '' 34823 7712 12 , , , 34823 7712 13 p. p. NN 34823 7712 14 62 62 CD 34823 7712 15 ; ; : 34823 7712 16 W. W. NNP 34823 7712 17 G. G. NNP 34823 7712 18 L. L. NNP 34823 7712 19 Taylor Taylor NNP 34823 7712 20 , , , 34823 7712 21 " " `` 34823 7712 22 Values value NNS 34823 7712 23 , , , 34823 7712 24 Relative Relative NNP 34823 7712 25 and and CC 34823 7712 26 Positive Positive NNP 34823 7712 27 , , , 34823 7712 28 " " '' 34823 7712 29 _ _ NNP 34823 7712 30 Annals Annals NNPS 34823 7712 31 of of IN 34823 7712 32 the the DT 34823 7712 33 Amer Amer NNP 34823 7712 34 . . . 34823 7713 1 Acad Acad NNP 34823 7713 2 . . . 34823 7713 3 _ _ NNP 34823 7713 4 , , , 34823 7713 5 vol vol NNP 34823 7713 6 . . . 34823 7714 1 ix ix XX 34823 7714 2 ; ; : 34823 7714 3 Merriam Merriam NNP 34823 7714 4 , , , 34823 7714 5 L. L. NNP 34823 7714 6 S. S. NNP 34823 7714 7 , , , 34823 7714 8 " " `` 34823 7714 9 The the DT 34823 7714 10 Theory Theory NNP 34823 7714 11 of of IN 34823 7714 12 Final Final NNP 34823 7714 13 Utility Utility NNP 34823 7714 14 in in IN 34823 7714 15 its -PRON- PRP$ 34823 7714 16 Relation Relation NNP 34823 7714 17 to to IN 34823 7714 18 Money money NN 34823 7714 19 and and CC 34823 7714 20 the the DT 34823 7714 21 Standard standard NN 34823 7714 22 of of IN 34823 7714 23 Deferred Deferred NNP 34823 7714 24 Payments Payments NNPS 34823 7714 25 , , , 34823 7714 26 " " '' 34823 7714 27 _ _ NNP 34823 7714 28 Annals Annals NNPS 34823 7714 29 of of IN 34823 7714 30 the the DT 34823 7714 31 American American NNP 34823 7714 32 Acad Acad NNP 34823 7714 33 . . . 34823 7714 34 _ _ NNP 34823 7714 35 , , , 34823 7714 36 vol vol NNP 34823 7714 37 . . . 34823 7715 1 iii iii NNP 34823 7715 2 . . . 34823 7716 1 and and CC 34823 7716 2 " " `` 34823 7716 3 Money money NN 34823 7716 4 as as IN 34823 7716 5 a a DT 34823 7716 6 Measure measure NN 34823 7716 7 of of IN 34823 7716 8 Value value NN 34823 7716 9 , , , 34823 7716 10 " " '' 34823 7716 11 _ _ NNP 34823 7716 12 Ibid Ibid NNP 34823 7716 13 . . . 34823 7716 14 _ _ NNP 34823 7716 15 , , , 34823 7716 16 vol vol NNP 34823 7716 17 . . . 34823 7717 1 iv iv LS 34823 7717 2 ; ; : 34823 7717 3 Scott Scott NNP 34823 7717 4 , , , 34823 7717 5 W. W. NNP 34823 7717 6 A. A. NNP 34823 7717 7 , , , 34823 7717 8 " " `` 34823 7717 9 Money money NN 34823 7717 10 and and CC 34823 7717 11 Banking banking NN 34823 7717 12 " " '' 34823 7717 13 , , , 34823 7717 14 1903 1903 CD 34823 7717 15 ed ed NNP 34823 7717 16 . . NNP 34823 7717 17 , , , 34823 7717 18 ch ch NNP 34823 7717 19 . . . 34823 7718 1 III iii CD 34823 7718 2 . . . 34823 7719 1 Professor Professor NNP 34823 7719 2 Scott Scott NNP 34823 7719 3 , , , 34823 7719 4 in in IN 34823 7719 5 a a DT 34823 7719 6 letter letter NN 34823 7719 7 to to IN 34823 7719 8 the the DT 34823 7719 9 writer writer NN 34823 7719 10 , , , 34823 7719 11 expresses express VBZ 34823 7719 12 the the DT 34823 7719 13 opinion opinion NN 34823 7719 14 that that IN 34823 7719 15 a a DT 34823 7719 16 value value NN 34823 7719 17 concept concept NN 34823 7719 18 which which WDT 34823 7719 19 makes make VBZ 34823 7719 20 the the DT 34823 7719 21 value value NN 34823 7719 22 of of IN 34823 7719 23 a a DT 34823 7719 24 good good JJ 34823 7719 25 a a DT 34823 7719 26 quantity quantity NN 34823 7719 27 , , , 34823 7719 28 socially socially RB 34823 7719 29 valid valid JJ 34823 7719 30 , , , 34823 7719 31 regardless regardless RB 34823 7719 32 of of IN 34823 7719 33 the the DT 34823 7719 34 particular particular JJ 34823 7719 35 holder holder NN 34823 7719 36 of of IN 34823 7719 37 the the DT 34823 7719 38 coin coin NN 34823 7719 39 or or CC 34823 7719 40 commodity commodity NN 34823 7719 41 in in IN 34823 7719 42 question question NN 34823 7719 43 , , , 34823 7719 44 and and CC 34823 7719 45 regardless regardless RB 34823 7719 46 of of IN 34823 7719 47 the the DT 34823 7719 48 particular particular JJ 34823 7719 49 exchange exchange NN 34823 7719 50 ratio ratio NN 34823 7719 51 into into IN 34823 7719 52 which which WDT 34823 7719 53 the the DT 34823 7719 54 value value NN 34823 7719 55 quantity quantity NN 34823 7719 56 enters enter VBZ 34823 7719 57 as as IN 34823 7719 58 a a DT 34823 7719 59 term term NN 34823 7719 60 , , , 34823 7719 61 " " `` 34823 7719 62 is be VBZ 34823 7719 63 absolutely absolutely RB 34823 7719 64 essential essential JJ 34823 7719 65 to to IN 34823 7719 66 the the DT 34823 7719 67 working working NN 34823 7719 68 out out IN 34823 7719 69 of of IN 34823 7719 70 economic economic JJ 34823 7719 71 problems problem NNS 34823 7719 72 . . . 34823 7719 73 " " '' 34823 7720 1 Johnson Johnson NNP 34823 7720 2 , , , 34823 7720 3 A. A. NNP 34823 7720 4 S. S. NNP 34823 7720 5 , , , 34823 7720 6 " " `` 34823 7720 7 Davenport Davenport NNP 34823 7720 8 's 's POS 34823 7720 9 Economics Economics NNP 34823 7720 10 and and CC 34823 7720 11 the the DT 34823 7720 12 Present Present NNP 34823 7720 13 Problems Problems NNPS 34823 7720 14 of of IN 34823 7720 15 Theory theory NN 34823 7720 16 , , , 34823 7720 17 " " '' 34823 7720 18 _ _ NNP 34823 7720 19 Quarterly Quarterly NNP 34823 7720 20 Journal Journal NNP 34823 7720 21 of of IN 34823 7720 22 Economics Economics NNP 34823 7720 23 _ _ NNP 34823 7720 24 , , , 34823 7720 25 May May NNP 34823 7720 26 , , , 34823 7720 27 1914 1914 CD 34823 7720 28 , , , 34823 7720 29 and and CC 34823 7720 30 _ _ NNP 34823 7720 31 American American NNP 34823 7720 32 Econ Econ NNP 34823 7720 33 . . . 34823 7721 1 Rev. Rev. NNP 34823 7721 2 _ _ NNP 34823 7721 3 , , , 34823 7721 4 June June NNP 34823 7721 5 , , , 34823 7721 6 1912 1912 CD 34823 7721 7 , , , 34823 7721 8 p. p. NN 34823 7721 9 320 320 CD 34823 7721 10 . . . 34823 7722 1 [ [ -LRB- 34823 7722 2 16 16 CD 34823 7722 3 ] ] -RRB- 34823 7722 4 Cf Cf NNP 34823 7722 5 . . . 34823 7723 1 also also RB 34823 7723 2 Wieser Wieser NNP 34823 7723 3 's 's POS 34823 7723 4 _ _ NNP 34823 7723 5 Natural Natural NNP 34823 7723 6 Value Value NNP 34823 7723 7 _ _ NNP 34823 7723 8 , , , 34823 7723 9 p. p. NN 34823 7723 10 53 53 CD 34823 7723 11 , , , 34823 7723 12 n. n. NN 34823 7723 13 Senior Senior NNP 34823 7723 14 's 's POS 34823 7723 15 " " `` 34823 7723 16 intrinsic intrinsic JJ 34823 7723 17 causes cause NNS 34823 7723 18 of of IN 34823 7723 19 value value NN 34823 7723 20 " " '' 34823 7723 21 comes come VBZ 34823 7723 22 to to IN 34823 7723 23 the the DT 34823 7723 24 same same JJ 34823 7723 25 thing thing NN 34823 7723 26 . . . 34823 7724 1 [ [ -LRB- 34823 7724 2 17 17 CD 34823 7724 3 ] ] -RRB- 34823 7724 4 Cf cf NN 34823 7724 5 . . . 34823 7725 1 _ _ NNP 34823 7725 2 Quarterly Quarterly NNP 34823 7725 3 Journal Journal NNP 34823 7725 4 of of IN 34823 7725 5 Economics Economics NNP 34823 7725 6 _ _ NNP 34823 7725 7 , , , 34823 7725 8 Aug. August NNP 34823 7725 9 1915 1915 CD 34823 7725 10 , , , 34823 7725 11 pp pp NNP 34823 7725 12 . . . 34823 7726 1 681 681 CD 34823 7726 2 - - SYM 34823 7726 3 82 82 CD 34823 7726 4 , , , 34823 7726 5 esp esp UH 34823 7726 6 . . . 34823 7727 1 681 681 CD 34823 7727 2 , , , 34823 7727 3 n. n. NNP 34823 7727 4 [ [ -LRB- 34823 7727 5 18 18 CD 34823 7727 6 ] ] -RRB- 34823 7727 7 Among among IN 34823 7727 8 the the DT 34823 7727 9 leading lead VBG 34823 7727 10 figures figure NNS 34823 7727 11 in in IN 34823 7727 12 economics economic NNS 34823 7727 13 to to IN 34823 7727 14 whom whom WP 34823 7727 15 this this DT 34823 7727 16 doctrine doctrine NN 34823 7727 17 is be VBZ 34823 7727 18 unacceptable unacceptable JJ 34823 7727 19 , , , 34823 7727 20 I -PRON- PRP 34823 7727 21 would would MD 34823 7727 22 mention mention VB 34823 7727 23 especially especially RB 34823 7727 24 Professor Professor NNP 34823 7727 25 H. H. NNP 34823 7727 26 J. J. NNP 34823 7727 27 Davenport Davenport NNP 34823 7727 28 , , , 34823 7727 29 _ _ NNP 34823 7727 30 Value Value NNP 34823 7727 31 and and CC 34823 7727 32 Distribution Distribution NNP 34823 7727 33 _ _ NNP 34823 7727 34 and and CC 34823 7727 35 _ _ NNP 34823 7727 36 The the DT 34823 7727 37 Economics Economics NNP 34823 7727 38 of of IN 34823 7727 39 Enterprise Enterprise NNP 34823 7727 40 _ _ NNP 34823 7727 41 . . . 34823 7728 1 A a DT 34823 7728 2 writer writer NN 34823 7728 3 who who WP 34823 7728 4 seeks seek VBZ 34823 7728 5 to to TO 34823 7728 6 minimize minimize VB 34823 7728 7 the the DT 34823 7728 8 importance importance NN 34823 7728 9 of of IN 34823 7728 10 the the DT 34823 7728 11 issue issue NN 34823 7728 12 between between IN 34823 7728 13 the the DT 34823 7728 14 relative relative NN 34823 7728 15 and and CC 34823 7728 16 the the DT 34823 7728 17 absolute absolute JJ 34823 7728 18 conceptions conception NNS 34823 7728 19 of of IN 34823 7728 20 value value NN 34823 7728 21 is be VBZ 34823 7728 22 Professor Professor NNP 34823 7728 23 J. J. NNP 34823 7728 24 M. M. NNP 34823 7728 25 Clark Clark NNP 34823 7728 26 , , , 34823 7728 27 in in IN 34823 7728 28 _ _ NNP 34823 7728 29 Quarterly Quarterly NNP 34823 7728 30 Journal Journal NNP 34823 7728 31 of of IN 34823 7728 32 Economics Economics NNP 34823 7728 33 _ _ NNP 34823 7728 34 , , , 34823 7728 35 Aug. August NNP 34823 7728 36 1915 1915 CD 34823 7728 37 . . . 34823 7729 1 Professor Professor NNP 34823 7729 2 Clark Clark NNP 34823 7729 3 seems seem VBZ 34823 7729 4 to to TO 34823 7729 5 agree agree VB 34823 7729 6 with with IN 34823 7729 7 much much JJ 34823 7729 8 of of IN 34823 7729 9 what what WP 34823 7729 10 has have VBZ 34823 7729 11 been be VBN 34823 7729 12 said say VBN 34823 7729 13 here here RB 34823 7729 14 , , , 34823 7729 15 and and CC 34823 7729 16 the the DT 34823 7729 17 present present JJ 34823 7729 18 writer writer NN 34823 7729 19 would would MD 34823 7729 20 agree agree VB 34823 7729 21 with with IN 34823 7729 22 Professor Professor NNP 34823 7729 23 Clark Clark NNP 34823 7729 24 , , , 34823 7729 25 as as IN 34823 7729 26 indicated indicate VBN 34823 7729 27 above above RB 34823 7729 28 , , , 34823 7729 29 that that IN 34823 7729 30 for for IN 34823 7729 31 many many JJ 34823 7729 32 purposes purpose NNS 34823 7729 33 we -PRON- PRP 34823 7729 34 do do VBP 34823 7729 35 not not RB 34823 7729 36 need need VB 34823 7729 37 to to TO 34823 7729 38 look look VB 34823 7729 39 behind behind IN 34823 7729 40 prices price NNS 34823 7729 41 -- -- : 34823 7729 42 entering enter VBG 34823 7729 43 a a DT 34823 7729 44 _ _ NNP 34823 7729 45 caveat caveat NN 34823 7729 46 _ _ IN 34823 7729 47 that that IN 34823 7729 48 this this DT 34823 7729 49 is be VBZ 34823 7729 50 true true JJ 34823 7729 51 only only RB 34823 7729 52 so so RB 34823 7729 53 long long RB 34823 7729 54 as as IN 34823 7729 55 we -PRON- PRP 34823 7729 56 can can MD 34823 7729 57 assume assume VB 34823 7729 58 a a DT 34823 7729 59 fixed fix VBN 34823 7729 60 absolute absolute JJ 34823 7729 61 value value NN 34823 7729 62 of of IN 34823 7729 63 money money NN 34823 7729 64 . . . 34823 7730 1 [ [ -LRB- 34823 7730 2 19 19 CD 34823 7730 3 ] ] -RRB- 34823 7730 4 The the DT 34823 7730 5 psychology psychology NN 34823 7730 6 of of IN 34823 7730 7 this this DT 34823 7730 8 statement statement NN 34823 7730 9 , , , 34823 7730 10 which which WDT 34823 7730 11 involves involve VBZ 34823 7730 12 hedonism hedonism NN 34823 7730 13 , , , 34823 7730 14 needs need VBZ 34823 7730 15 improvement improvement NN 34823 7730 16 , , , 34823 7730 17 but but CC 34823 7730 18 the the DT 34823 7730 19 issue issue NN 34823 7730 20 need nee MD 34823 7730 21 not not RB 34823 7730 22 be be VB 34823 7730 23 discussed discuss VBN 34823 7730 24 here here RB 34823 7730 25 . . . 34823 7731 1 _ _ NNP 34823 7731 2 Cf Cf NNP 34823 7731 3 . . . 34823 7732 1 Social Social NNP 34823 7732 2 Value Value NNP 34823 7732 3 _ _ NNP 34823 7732 4 , , , 34823 7732 5 ch ch NN 34823 7732 6 . . . 34823 7733 1 10 10 CD 34823 7733 2 . . . 34823 7734 1 [ [ -LRB- 34823 7734 2 20 20 CD 34823 7734 3 ] ] -RRB- 34823 7734 4 As as IN 34823 7734 5 Professor Professor NNP 34823 7734 6 R. R. NNP 34823 7734 7 B. B. NNP 34823 7734 8 Perry Perry NNP 34823 7734 9 , , , 34823 7734 10 _ _ NNP 34823 7734 11 Quart Quart NNP 34823 7734 12 . . . 34823 7735 1 Jour Jour NNP 34823 7735 2 . . . 34823 7736 1 of of IN 34823 7736 2 Econ Econ NNP 34823 7736 3 . . . 34823 7736 4 _ _ NNP 34823 7736 5 , , , 34823 7736 6 May May NNP 34823 7736 7 , , , 34823 7736 8 1916 1916 CD 34823 7736 9 . . . 34823 7737 1 [ [ -LRB- 34823 7737 2 21 21 CD 34823 7737 3 ] ] -RRB- 34823 7737 4 In in IN 34823 7737 5 this this DT 34823 7737 6 I -PRON- PRP 34823 7737 7 am be VBP 34823 7737 8 following follow VBG 34823 7737 9 a a DT 34823 7737 10 line line NN 34823 7737 11 of of IN 34823 7737 12 thought thought NN 34823 7737 13 developed develop VBN 34823 7737 14 by by IN 34823 7737 15 Professor Professor NNP 34823 7737 16 John John NNP 34823 7737 17 Dewey Dewey NNP 34823 7737 18 in in IN 34823 7737 19 a a DT 34823 7737 20 lecture lecture NN 34823 7737 21 delivered deliver VBN 34823 7737 22 before before IN 34823 7737 23 the the DT 34823 7737 24 Harvard Harvard NNP 34823 7737 25 Philosophical Philosophical NNP 34823 7737 26 Club Club NNP 34823 7737 27 in in IN 34823 7737 28 1913 1913 CD 34823 7737 29 - - SYM 34823 7737 30 14 14 CD 34823 7737 31 . . . 34823 7738 1 [ [ -LRB- 34823 7738 2 22 22 CD 34823 7738 3 ] ] -RRB- 34823 7738 4 For for IN 34823 7738 5 the the DT 34823 7738 6 elaboration elaboration NN 34823 7738 7 of of IN 34823 7738 8 these these DT 34823 7738 9 ideas idea NNS 34823 7738 10 , , , 34823 7738 11 cf cf NN 34823 7738 12 . . . 34823 7739 1 Hegel Hegel NNP 34823 7739 2 , , , 34823 7739 3 _ _ NNP 34823 7739 4 Philosophy Philosophy NNP 34823 7739 5 of of IN 34823 7739 6 History History NNP 34823 7739 7 _ _ NNP 34823 7739 8 , , , 34823 7739 9 _ _ NNP 34823 7739 10 passim passim NN 34823 7739 11 _ _ NNP 34823 7739 12 ; ; : 34823 7739 13 Willoughby Willoughby NNP 34823 7739 14 , , , 34823 7739 15 _ _ NNP 34823 7739 16 The the DT 34823 7739 17 Nature Nature NNP 34823 7739 18 of of IN 34823 7739 19 the the DT 34823 7739 20 State State NNP 34823 7739 21 _ _ NNP 34823 7739 22 , , , 34823 7739 23 _ _ NNP 34823 7739 24 passim passim NN 34823 7739 25 ; ; : 34823 7739 26 _ _ NNP 34823 7739 27 Davidson Davidson NNP 34823 7739 28 , , , 34823 7739 29 T. T. NNP 34823 7739 30 , , , 34823 7739 31 _ _ NNP 34823 7739 32 History History NNP 34823 7739 33 of of IN 34823 7739 34 Education Education NNP 34823 7739 35 _ _ NNP 34823 7739 36 , , , 34823 7739 37 New New NNP 34823 7739 38 York York NNP 34823 7739 39 , , , 34823 7739 40 1900 1900 CD 34823 7739 41 , , , 34823 7739 42 _ _ NNP 34823 7739 43 passim passim NN 34823 7739 44 _ _ NNP 34823 7739 45 ; ; : 34823 7739 46 Bosanquet Bosanquet NNP 34823 7739 47 , , , 34823 7739 48 B. B. NNP 34823 7739 49 , , , 34823 7739 50 _ _ NNP 34823 7739 51 Philosophical Philosophical NNP 34823 7739 52 Theory Theory NNP 34823 7739 53 of of IN 34823 7739 54 the the DT 34823 7739 55 State State NNP 34823 7739 56 _ _ NNP 34823 7739 57 ; ; : 34823 7739 58 Royce Royce NNP 34823 7739 59 , , , 34823 7739 60 J. J. NNP 34823 7739 61 , , , 34823 7739 62 _ _ NNP 34823 7739 63 The the DT 34823 7739 64 World World NNP 34823 7739 65 and and CC 34823 7739 66 the the DT 34823 7739 67 Individual Individual NNP 34823 7739 68 _ _ NNP 34823 7739 69 . . . 34823 7740 1 [ [ -LRB- 34823 7740 2 23 23 CD 34823 7740 3 ] ] -RRB- 34823 7740 4 Tarde Tarde NNP 34823 7740 5 , , , 34823 7740 6 _ _ NNP 34823 7740 7 Laws Laws NNPS 34823 7740 8 of of IN 34823 7740 9 Imitation Imitation NNP 34823 7740 10 _ _ NNP 34823 7740 11 ; ; : 34823 7740 12 Baldwin Baldwin NNP 34823 7740 13 , , , 34823 7740 14 _ _ NNP 34823 7740 15 Social Social NNP 34823 7740 16 and and CC 34823 7740 17 Ethical Ethical NNP 34823 7740 18 Interpretations Interpretations NNPS 34823 7740 19 _ _ NNP 34823 7740 20 . . . 34823 7741 1 [ [ -LRB- 34823 7741 2 24 24 CD 34823 7741 3 ] ] -RRB- 34823 7741 4 _ _ NNP 34823 7741 5 Human Human NNP 34823 7741 6 Nature Nature NNP 34823 7741 7 and and CC 34823 7741 8 the the DT 34823 7741 9 Social Social NNP 34823 7741 10 Order Order NNP 34823 7741 11 . . . 34823 7741 12 _ _ NNP 34823 7741 13 [ [ -LRB- 34823 7741 14 25 25 CD 34823 7741 15 ] ] -RRB- 34823 7741 16 _ _ NNP 34823 7741 17 Cf Cf NNP 34823 7741 18 . . . 34823 7741 19 _ _ NNP 34823 7741 20 Ellwood Ellwood NNP 34823 7741 21 , , , 34823 7741 22 C. C. NNP 34823 7741 23 H. H. NNP 34823 7741 24 , , , 34823 7741 25 _ _ NNP 34823 7741 26 Some some DT 34823 7741 27 Prolegomena Prolegomena NNP 34823 7741 28 to to IN 34823 7741 29 Social Social NNP 34823 7741 30 Psychology Psychology NNP 34823 7741 31 _ _ NNP 34823 7741 32 , , , 34823 7741 33 Chicago Chicago NNP 34823 7741 34 , , , 34823 7741 35 1901 1901 CD 34823 7741 36 , , , 34823 7741 37 and and CC 34823 7741 38 Cooley Cooley NNP 34823 7741 39 , , , 34823 7741 40 C. C. NNP 34823 7741 41 H. H. NNP 34823 7741 42 , , , 34823 7741 43 _ _ NNP 34823 7741 44 Social Social NNP 34823 7741 45 Organization Organization NNP 34823 7741 46 _ _ NNP 34823 7741 47 , , , 34823 7741 48 New New NNP 34823 7741 49 York York NNP 34823 7741 50 , , , 34823 7741 51 1909 1909 CD 34823 7741 52 . . . 34823 7742 1 See see VB 34823 7742 2 also also RB 34823 7742 3 _ _ NNP 34823 7742 4 Social Social NNP 34823 7742 5 Value Value NNP 34823 7742 6 _ _ NNP 34823 7742 7 , , , 34823 7742 8 ch ch NN 34823 7742 9 . . . 34823 7743 1 9 9 CD 34823 7743 2 . . . 34823 7744 1 [ [ -LRB- 34823 7744 2 26 26 CD 34823 7744 3 ] ] -RRB- 34823 7744 4 _ _ NNP 34823 7744 5 Cf Cf NNP 34823 7744 6 . . . 34823 7745 1 Social Social NNP 34823 7745 2 Value Value NNP 34823 7745 3 _ _ NNP 34823 7745 4 , , , 34823 7745 5 ch ch NN 34823 7745 6 . . . 34823 7746 1 8 8 LS 34823 7746 2 . . . 34823 7747 1 H. H. NNP 34823 7747 2 J. J. NNP 34823 7747 3 Davenport Davenport NNP 34823 7747 4 is be VBZ 34823 7747 5 the the DT 34823 7747 6 best good JJS 34823 7747 7 modern modern JJ 34823 7747 8 representative representative NN 34823 7747 9 of of IN 34823 7747 10 this this DT 34823 7747 11 extreme extreme JJ 34823 7747 12 individualism individualism NN 34823 7747 13 in in IN 34823 7747 14 economics economic NNS 34823 7747 15 . . . 34823 7748 1 Individualism individualism NN 34823 7748 2 is be VBZ 34823 7748 3 nearly nearly RB 34823 7748 4 dead dead JJ 34823 7748 5 in in IN 34823 7748 6 modern modern JJ 34823 7748 7 political political JJ 34823 7748 8 , , , 34823 7748 9 ethical ethical JJ 34823 7748 10 , , , 34823 7748 11 and and CC 34823 7748 12 sociological sociological JJ 34823 7748 13 theory theory NN 34823 7748 14 . . . 34823 7749 1 Revivals revival NNS 34823 7749 2 of of IN 34823 7749 3 it -PRON- PRP 34823 7749 4 appear appear VBP 34823 7749 5 , , , 34823 7749 6 however however RB 34823 7749 7 , , , 34823 7749 8 in in IN 34823 7749 9 W. W. NNP 34823 7749 10 Fite Fite NNP 34823 7749 11 , , , 34823 7749 12 _ _ NNP 34823 7749 13 Individualism Individualism NNP 34823 7749 14 _ _ NNP 34823 7749 15 , , , 34823 7749 16 and and CC 34823 7749 17 in in IN 34823 7749 18 a a DT 34823 7749 19 recent recent JJ 34823 7749 20 article article NN 34823 7749 21 by by IN 34823 7749 22 R. R. NNP 34823 7749 23 B. B. NNP 34823 7749 24 Perry Perry NNP 34823 7749 25 , , , 34823 7749 26 " " `` 34823 7749 27 Economic Economic NNP 34823 7749 28 Value Value NNP 34823 7749 29 and and CC 34823 7749 30 Moral Moral NNP 34823 7749 31 Value Value NNP 34823 7749 32 , , , 34823 7749 33 " " '' 34823 7749 34 _ _ NNP 34823 7749 35 Quart Quart NNP 34823 7749 36 . . . 34823 7750 1 Journal Journal NNP 34823 7750 2 of of IN 34823 7750 3 Economics Economics NNP 34823 7750 4 _ _ NNP 34823 7750 5 , , , 34823 7750 6 May May NNP 34823 7750 7 , , , 34823 7750 8 1916 1916 CD 34823 7750 9 . . . 34823 7751 1 ( ( -LRB- 34823 7751 2 I -PRON- PRP 34823 7751 3 have have VBP 34823 7751 4 discussed discuss VBN 34823 7751 5 Professor Professor NNP 34823 7751 6 Fite Fite NNP 34823 7751 7 's 's POS 34823 7751 8 views view NNS 34823 7751 9 in in IN 34823 7751 10 the the DT 34823 7751 11 _ _ NNP 34823 7751 12 Pol Pol NNP 34823 7751 13 . . . 34823 7752 1 Sci Sci NNP 34823 7752 2 . . . 34823 7753 1 Quart Quart NNP 34823 7753 2 . . . 34823 7753 3 _ _ NNP 34823 7753 4 of of IN 34823 7753 5 June June NNP 34823 7753 6 , , , 34823 7753 7 1912 1912 CD 34823 7753 8 . . . 34823 7753 9 ) ) -RRB- 34823 7754 1 Professor Professor NNP 34823 7754 2 Perry Perry NNP 34823 7754 3 would would MD 34823 7754 4 there there EX 34823 7754 5 appear appear VB 34823 7754 6 to to TO 34823 7754 7 reduce reduce VB 34823 7754 8 ethical ethical JJ 34823 7754 9 value value NN 34823 7754 10 to to IN 34823 7754 11 a a DT 34823 7754 12 purely purely RB 34823 7754 13 individual individual JJ 34823 7754 14 phenomenon phenomenon NN 34823 7754 15 . . . 34823 7755 1 But but CC 34823 7755 2 he -PRON- PRP 34823 7755 3 really really RB 34823 7755 4 brings bring VBZ 34823 7755 5 in in RP 34823 7755 6 a a DT 34823 7755 7 " " `` 34823 7755 8 categorical categorical JJ 34823 7755 9 imperative imperative NN 34823 7755 10 , , , 34823 7755 11 " " '' 34823 7755 12 not not RB 34823 7755 13 derived derive VBN 34823 7755 14 from from IN 34823 7755 15 the the DT 34823 7755 16 values value NNS 34823 7755 17 of of IN 34823 7755 18 the the DT 34823 7755 19 individual individual NN 34823 7755 20 , , , 34823 7755 21 by by IN 34823 7755 22 the the DT 34823 7755 23 " " `` 34823 7755 24 back back JJ 34823 7755 25 door door NN 34823 7755 26 . . . 34823 7755 27 " " '' 34823 7756 1 " " `` 34823 7756 2 Now now RB 34823 7756 3 our -PRON- PRP$ 34823 7756 4 general general JJ 34823 7756 5 moral moral JJ 34823 7756 6 law law NN 34823 7756 7 prescribes prescribe VBZ 34823 7756 8 that that IN 34823 7756 9 an an DT 34823 7756 10 agent agent NN 34823 7756 11 shall shall MD 34823 7756 12 take take VB 34823 7756 13 account account NN 34823 7756 14 of of IN 34823 7756 15 all all PDT 34823 7756 16 the the DT 34823 7756 17 interests interest NNS 34823 7756 18 which which WDT 34823 7756 19 his -PRON- PRP$ 34823 7756 20 conduct conduct NN 34823 7756 21 affects affect VBZ 34823 7756 22 , , , 34823 7756 23 or or CC 34823 7756 24 shall shall MD 34823 7756 25 judge judge VB 34823 7756 26 his -PRON- PRP$ 34823 7756 27 conduct conduct NN 34823 7756 28 by by IN 34823 7756 29 its -PRON- PRP$ 34823 7756 30 consequences consequence NNS 34823 7756 31 all all DT 34823 7756 32 round round NN 34823 7756 33 . . . 34823 7756 34 " " '' 34823 7757 1 ( ( -LRB- 34823 7757 2 _ _ NNP 34823 7757 3 Loc Loc NNP 34823 7757 4 . . . 34823 7758 1 cit cit NNP 34823 7758 2 . . . 34823 7758 3 _ _ NNP 34823 7758 4 , , , 34823 7758 5 p. p. NN 34823 7759 1 481 481 CD 34823 7759 2 . . . 34823 7759 3 ) ) -RRB- 34823 7760 1 Just just RB 34823 7760 2 how how WRB 34823 7760 3 this this DT 34823 7760 4 " " `` 34823 7760 5 general general JJ 34823 7760 6 moral moral JJ 34823 7760 7 law law NN 34823 7760 8 " " '' 34823 7760 9 is be VBZ 34823 7760 10 to to TO 34823 7760 11 be be VB 34823 7760 12 derived derive VBN 34823 7760 13 from from IN 34823 7760 14 individual individual JJ 34823 7760 15 values value NNS 34823 7760 16 , , , 34823 7760 17 is be VBZ 34823 7760 18 not not RB 34823 7760 19 made make VBN 34823 7760 20 clear clear JJ 34823 7760 21 . . . 34823 7761 1 That that IN 34823 7761 2 the the DT 34823 7761 3 wants want NNS 34823 7761 4 of of IN 34823 7761 5 every every DT 34823 7761 6 man man NN 34823 7761 7 should should MD 34823 7761 8 count count VB 34823 7761 9 equally equally RB 34823 7761 10 with with IN 34823 7761 11 the the DT 34823 7761 12 wants want NNS 34823 7761 13 of of IN 34823 7761 14 the the DT 34823 7761 15 agent agent NN 34823 7761 16 is be VBZ 34823 7761 17 a a DT 34823 7761 18 principle principle NN 34823 7761 19 which which WDT 34823 7761 20 one one PRP 34823 7761 21 would would MD 34823 7761 22 expect expect VB 34823 7761 23 from from IN 34823 7761 24 Kant Kant NNP 34823 7761 25 or or CC 34823 7761 26 Fichte Fichte NNP 34823 7761 27 , , , 34823 7761 28 but but CC 34823 7761 29 hardly hardly RB 34823 7761 30 one one CD 34823 7761 31 which which WDT 34823 7761 32 individualism individualism NN 34823 7761 33 can can MD 34823 7761 34 expect expect VB 34823 7761 35 to to TO 34823 7761 36 maintain maintain VB 34823 7761 37 . . . 34823 7762 1 [ [ -LRB- 34823 7762 2 27 27 CD 34823 7762 3 ] ] -RRB- 34823 7762 4 I -PRON- PRP 34823 7762 5 use use VBP 34823 7762 6 " " `` 34823 7762 7 volition volition NN 34823 7762 8 " " '' 34823 7762 9 here here RB 34823 7762 10 in in IN 34823 7762 11 that that DT 34823 7762 12 wide wide JJ 34823 7762 13 sense sense NN 34823 7762 14 which which WDT 34823 7762 15 makes make VBZ 34823 7762 16 it -PRON- PRP 34823 7762 17 cover cover VB 34823 7762 18 both both CC 34823 7762 19 the the DT 34823 7762 20 motor motor NN 34823 7762 21 and and CC 34823 7762 22 the the DT 34823 7762 23 affective affective JJ 34823 7762 24 phases phase NNS 34823 7762 25 of of IN 34823 7762 26 mind mind NN 34823 7762 27 . . . 34823 7763 1 Munroe Munroe NNP 34823 7763 2 Smith Smith NNP 34823 7763 3 would would MD 34823 7763 4 emphasize emphasize VB 34823 7763 5 the the DT 34823 7763 6 motor motor NN 34823 7763 7 aspect aspect NN 34823 7763 8 , , , 34823 7763 9 where where WRB 34823 7763 10 Savigny Savigny NNP 34823 7763 11 stresses stress VBZ 34823 7763 12 feeling feeling NN 34823 7763 13 and and CC 34823 7763 14 sentiment sentiment NN 34823 7763 15 . . . 34823 7764 1 [ [ -LRB- 34823 7764 2 28 28 CD 34823 7764 3 ] ] -RRB- 34823 7764 4 " " `` 34823 7764 5 Jurisprudence jurisprudence NN 34823 7764 6 , , , 34823 7764 7 " " '' 34823 7764 8 a a DT 34823 7764 9 lecture lecture NN 34823 7764 10 delivered deliver VBN 34823 7764 11 before before IN 34823 7764 12 the the DT 34823 7764 13 faculty faculty NN 34823 7764 14 of of IN 34823 7764 15 Columbia Columbia NNP 34823 7764 16 University University NNP 34823 7764 17 , , , 34823 7764 18 Feb. February NNP 34823 7764 19 1908 1908 CD 34823 7764 20 , , , 34823 7764 21 New New NNP 34823 7764 22 York York NNP 34823 7764 23 , , , 34823 7764 24 The the DT 34823 7764 25 Columbia Columbia NNP 34823 7764 26 University University NNP 34823 7764 27 Press Press NNP 34823 7764 28 , , , 34823 7764 29 1909 1909 CD 34823 7764 30 , , , 34823 7764 31 p. p. NN 34823 7764 32 14 14 CD 34823 7764 33 . . . 34823 7765 1 [ [ -LRB- 34823 7765 2 29 29 CD 34823 7765 3 ] ] -RRB- 34823 7765 4 I -PRON- PRP 34823 7765 5 ran run VBD 34823 7765 6 across across IN 34823 7765 7 this this DT 34823 7765 8 in in IN 34823 7765 9 Wagner Wagner NNP 34823 7765 10 's 's POS 34823 7765 11 _ _ NNP 34823 7765 12 Grundlegung Grundlegung NNP 34823 7765 13 _ _ NNP 34823 7765 14 . . . 34823 7766 1 Wagner Wagner NNP 34823 7766 2 had have VBD 34823 7766 3 found find VBN 34823 7766 4 it -PRON- PRP 34823 7766 5 in in IN 34823 7766 6 Raul Raul NNP 34823 7766 7 . . . 34823 7767 1 It -PRON- PRP 34823 7767 2 is be VBZ 34823 7767 3 from from IN 34823 7767 4 _ _ NNP 34823 7767 5 Troilus Troilus NNP 34823 7767 6 and and CC 34823 7767 7 Cressida Cressida NNP 34823 7767 8 _ _ NNP 34823 7767 9 , , , 34823 7767 10 Act Act NNP 34823 7767 11 II II NNP 34823 7767 12 , , , 34823 7767 13 Scene Scene NNP 34823 7767 14 II II NNP 34823 7767 15 . . . 34823 7768 1 [ [ -LRB- 34823 7768 2 30 30 CD 34823 7768 3 ] ] -RRB- 34823 7768 4 Davenport Davenport NNP 34823 7768 5 , , , 34823 7768 6 _ _ NNP 34823 7768 7 Value Value NNP 34823 7768 8 and and CC 34823 7768 9 Distribution Distribution NNP 34823 7768 10 _ _ NNP 34823 7768 11 , , , 34823 7768 12 pp pp NNP 34823 7768 13 . . . 34823 7769 1 184 184 CD 34823 7769 2 , , , 34823 7769 3 n. n. NNP 34823 7769 4 , , , 34823 7769 5 and and CC 34823 7769 6 330 330 CD 34823 7769 7 - - SYM 34823 7769 8 31 31 CD 34823 7769 9 , , , 34823 7769 10 n. n. NN 34823 7769 11 ; ; : 34823 7769 12 Jevons Jevons NNP 34823 7769 13 , , , 34823 7769 14 _ _ NNP 34823 7769 15 Theory Theory NNP 34823 7769 16 of of IN 34823 7769 17 Political Political NNP 34823 7769 18 Economy Economy NNP 34823 7769 19 _ _ NNP 34823 7769 20 , , , 34823 7769 21 pp pp NNP 34823 7769 22 . . . 34823 7770 1 14 14 CD 34823 7770 2 , , , 34823 7770 3 78 78 CD 34823 7770 4 - - SYM 34823 7770 5 84 84 CD 34823 7770 6 , , , 34823 7770 7 esp esp RB 34823 7770 8 . . . 34823 7771 1 83 83 CD 34823 7771 2 . . . 34823 7772 1 _ _ NNP 34823 7772 2 Cf Cf NNP 34823 7772 3 . . . 34823 7773 1 Social Social NNP 34823 7773 2 Value Value NNP 34823 7773 3 _ _ NNP 34823 7773 4 , , , 34823 7773 5 ch ch NN 34823 7773 6 . . . 34823 7774 1 4 4 LS 34823 7774 2 . . . 34823 7775 1 This this DT 34823 7775 2 seems seem VBZ 34823 7775 3 to to TO 34823 7775 4 be be VB 34823 7775 5 the the DT 34823 7775 6 position position NN 34823 7775 7 of of IN 34823 7775 8 Professor Professor NNP 34823 7775 9 R. R. NNP 34823 7775 10 B. B. NNP 34823 7775 11 Perry Perry NNP 34823 7775 12 , , , 34823 7775 13 also also RB 34823 7775 14 , , , 34823 7775 15 though though IN 34823 7775 16 he -PRON- PRP 34823 7775 17 is be VBZ 34823 7775 18 not not RB 34823 7775 19 so so RB 34823 7775 20 extreme extreme JJ 34823 7775 21 as as IN 34823 7775 22 Davenport Davenport NNP 34823 7775 23 . . . 34823 7776 1 _ _ NNP 34823 7776 2 Loc Loc NNP 34823 7776 3 . . . 34823 7777 1 cit cit NNP 34823 7777 2 . . . 34823 7777 3 _ _ NNP 34823 7777 4 [ [ -LRB- 34823 7777 5 31 31 CD 34823 7777 6 ] ] -RRB- 34823 7777 7 This this DT 34823 7777 8 term term NN 34823 7777 9 carries carry VBZ 34823 7777 10 no no DT 34823 7777 11 connotation connotation NN 34823 7777 12 of of IN 34823 7777 13 teleology teleology NN 34823 7777 14 , , , 34823 7777 15 as as IN 34823 7777 16 here here RB 34823 7777 17 used use VBN 34823 7777 18 . . . 34823 7778 1 I -PRON- PRP 34823 7778 2 am be VBP 34823 7778 3 merely merely RB 34823 7778 4 trying try VBG 34823 7778 5 to to TO 34823 7778 6 state state VB 34823 7778 7 what what WP 34823 7778 8 the the DT 34823 7778 9 different different JJ 34823 7778 10 kinds kind NNS 34823 7778 11 of of IN 34823 7778 12 value value NN 34823 7778 13 _ _ NNP 34823 7778 14 do do VBP 34823 7778 15 _ _ NNP 34823 7778 16 , , , 34823 7778 17 as as IN 34823 7778 18 a a DT 34823 7778 19 matter matter NN 34823 7778 20 of of IN 34823 7778 21 fact fact NN 34823 7778 22 . . . 34823 7779 1 [ [ -LRB- 34823 7779 2 32 32 CD 34823 7779 3 ] ] -RRB- 34823 7779 4 The the DT 34823 7779 5 _ _ NNP 34823 7779 6 extent extent NN 34823 7779 7 _ _ NNP 34823 7779 8 to to TO 34823 7779 9 which which WDT 34823 7779 10 the the DT 34823 7779 11 values value NNS 34823 7779 12 of of IN 34823 7779 13 consumption consumption NN 34823 7779 14 goods good NNS 34823 7779 15 and and CC 34823 7779 16 services service NNS 34823 7779 17 are be VBP 34823 7779 18 reflected reflect VBN 34823 7779 19 in in IN 34823 7779 20 other other JJ 34823 7779 21 economic economic JJ 34823 7779 22 values value NNS 34823 7779 23 will will MD 34823 7779 24 receive receive VB 34823 7779 25 attention attention NN 34823 7779 26 below below RB 34823 7779 27 , , , 34823 7779 28 in in IN 34823 7779 29 the the DT 34823 7779 30 present present JJ 34823 7779 31 chapter chapter NN 34823 7779 32 . . . 34823 7780 1 [ [ -LRB- 34823 7780 2 33 33 CD 34823 7780 3 ] ] -RRB- 34823 7780 4 _ _ NNP 34823 7780 5 Cf Cf NNP 34823 7780 6 . . . 34823 7781 1 Social Social NNP 34823 7781 2 Value Value NNP 34823 7781 3 _ _ NNP 34823 7781 4 , , , 34823 7781 5 p. p. NN 34823 7781 6 125 125 CD 34823 7781 7 , , , 34823 7781 8 and and CC 34823 7781 9 Urban Urban NNP 34823 7781 10 , , , 34823 7781 11 _ _ NNP 34823 7781 12 Valuation Valuation NNP 34823 7781 13 , , , 34823 7781 14 passim passim NNP 34823 7781 15 _ _ NNP 34823 7781 16 . . . 34823 7782 1 Urban Urban NNP 34823 7782 2 's 's POS 34823 7782 3 idea idea NN 34823 7782 4 of of IN 34823 7782 5 " " `` 34823 7782 6 participation participation NN 34823 7782 7 values value NNS 34823 7782 8 " " '' 34823 7782 9 is be VBZ 34823 7782 10 better well RBR 34823 7782 11 expressed express VBN 34823 7782 12 by by IN 34823 7782 13 Cooley Cooley NNP 34823 7782 14 's 's POS 34823 7782 15 phrase phrase NN 34823 7782 16 , , , 34823 7782 17 " " `` 34823 7782 18 human human JJ 34823 7782 19 nature nature NN 34823 7782 20 values value NNS 34823 7782 21 , , , 34823 7782 22 " " '' 34823 7782 23 while while IN 34823 7782 24 Cooley Cooley NNP 34823 7782 25 's 's POS 34823 7782 26 excellent excellent JJ 34823 7782 27 phrase phrase NN 34823 7782 28 , , , 34823 7782 29 " " `` 34823 7782 30 institutional institutional JJ 34823 7782 31 values value NNS 34823 7782 32 " " '' 34823 7782 33 characterizes characterize VBZ 34823 7782 34 the the DT 34823 7782 35 more more RBR 34823 7782 36 complex complex JJ 34823 7782 37 values value NNS 34823 7782 38 in in IN 34823 7782 39 which which WDT 34823 7782 40 classes class NNS 34823 7782 41 and and CC 34823 7782 42 institutions institution NNS 34823 7782 43 are be VBP 34823 7782 44 specially specially RB 34823 7782 45 _ _ NNP 34823 7782 46 weighted weight VBD 34823 7782 47 _ _ NNP 34823 7782 48 . . . 34823 7783 1 _ _ NNP 34823 7783 2 Cf Cf NNP 34823 7783 3 . . . 34823 7783 4 _ _ NNP 34823 7783 5 Cooley Cooley NNP 34823 7783 6 's 's POS 34823 7783 7 articles article NNS 34823 7783 8 referred refer VBD 34823 7783 9 to to IN 34823 7783 10 above above RB 34823 7783 11 , , , 34823 7783 12 and and CC 34823 7783 13 _ _ NNP 34823 7783 14 Social Social NNP 34823 7783 15 Value Value NNP 34823 7783 16 _ _ NNP 34823 7783 17 , , , 34823 7783 18 chs chs NNP 34823 7783 19 . . . 34823 7784 1 11 11 CD 34823 7784 2 - - SYM 34823 7784 3 15 15 CD 34823 7784 4 , , , 34823 7784 5 inclusive inclusive JJ 34823 7784 6 . . . 34823 7785 1 [ [ -LRB- 34823 7785 2 34 34 CD 34823 7785 3 ] ] -RRB- 34823 7785 4 " " `` 34823 7785 5 The the DT 34823 7785 6 Institutional Institutional NNP 34823 7785 7 Character Character NNP 34823 7785 8 of of IN 34823 7785 9 Pecuniary Pecuniary NNP 34823 7785 10 Valuation Valuation NNP 34823 7785 11 , , , 34823 7785 12 " " '' 34823 7785 13 _ _ NNP 34823 7785 14 American American NNP 34823 7785 15 Journal Journal NNP 34823 7785 16 of of IN 34823 7785 17 Sociology Sociology NNP 34823 7785 18 _ _ NNP 34823 7785 19 , , , 34823 7785 20 Jan. January NNP 34823 7785 21 1913 1913 CD 34823 7785 22 , , , 34823 7785 23 p. p. NN 34823 7785 24 546 546 CD 34823 7785 25 . . . 34823 7786 1 [ [ -LRB- 34823 7786 2 35 35 CD 34823 7786 3 ] ] -RRB- 34823 7786 4 This this DT 34823 7786 5 , , , 34823 7786 6 unfortunately unfortunately RB 34823 7786 7 , , , 34823 7786 8 is be VBZ 34823 7786 9 not not RB 34823 7786 10 high high JJ 34823 7786 11 praise praise NN 34823 7786 12 , , , 34823 7786 13 as as IN 34823 7786 14 the the DT 34823 7786 15 Federal Federal NNP 34823 7786 16 Judiciary Judiciary NNP 34823 7786 17 in in IN 34823 7786 18 general general JJ 34823 7786 19 sets set NNS 34823 7786 20 a a DT 34823 7786 21 lamentably lamentably JJ 34823 7786 22 low low JJ 34823 7786 23 standard standard NN 34823 7786 24 in in IN 34823 7786 25 these these DT 34823 7786 26 matters matter NNS 34823 7786 27 . . . 34823 7787 1 [ [ -LRB- 34823 7787 2 36 36 CD 34823 7787 3 ] ] -RRB- 34823 7787 4 Neither neither CC 34823 7787 5 " " `` 34823 7787 6 desire desire NN 34823 7787 7 " " '' 34823 7787 8 nor nor CC 34823 7787 9 " " `` 34823 7787 10 satisfaction satisfaction NN 34823 7787 11 " " '' 34823 7787 12 is be VBZ 34823 7787 13 really really RB 34823 7787 14 accurate accurate JJ 34823 7787 15 here here RB 34823 7787 16 , , , 34823 7787 17 but but CC 34823 7787 18 I -PRON- PRP 34823 7787 19 do do VBP 34823 7787 20 not not RB 34823 7787 21 wish wish VB 34823 7787 22 to to TO 34823 7787 23 digress digress VB 34823 7787 24 for for IN 34823 7787 25 a a DT 34823 7787 26 discussion discussion NN 34823 7787 27 of of IN 34823 7787 28 the the DT 34823 7787 29 psychology psychology NN 34823 7787 30 of of IN 34823 7787 31 value value NN 34823 7787 32 in in IN 34823 7787 33 the the DT 34823 7787 34 individual individual JJ 34823 7787 35 mind mind NN 34823 7787 36 . . . 34823 7788 1 The the DT 34823 7788 2 present present JJ 34823 7788 3 argument argument NN 34823 7788 4 can can MD 34823 7788 5 be be VB 34823 7788 6 developed develop VBN 34823 7788 7 without without IN 34823 7788 8 it -PRON- PRP 34823 7788 9 . . . 34823 7789 1 The the DT 34823 7789 2 matter matter NN 34823 7789 3 is be VBZ 34823 7789 4 discussed discuss VBN 34823 7789 5 in in IN 34823 7789 6 detail detail NN 34823 7789 7 in in IN 34823 7789 8 ch ch NNP 34823 7789 9 . . . 34823 7790 1 10 10 CD 34823 7790 2 of of IN 34823 7790 3 _ _ NNP 34823 7790 4 Social Social NNP 34823 7790 5 Value Value NNP 34823 7790 6 _ _ NNP 34823 7790 7 . . . 34823 7791 1 [ [ -LRB- 34823 7791 2 37 37 CD 34823 7791 3 ] ] -RRB- 34823 7791 4 Ross Ross NNP 34823 7791 5 , , , 34823 7791 6 E. E. NNP 34823 7791 7 A. A. NNP 34823 7791 8 , , , 34823 7791 9 _ _ NNP 34823 7791 10 Social Social NNP 34823 7791 11 Psychology Psychology NNP 34823 7791 12 , , , 34823 7791 13 passim passim NNP 34823 7791 14 _ _ NNP 34823 7791 15 . . . 34823 7792 1 [ [ -LRB- 34823 7792 2 38 38 CD 34823 7792 3 ] ] -RRB- 34823 7792 4 _ _ NNP 34823 7792 5 Cf Cf NNP 34823 7792 6 . . . 34823 7792 7 _ _ NNP 34823 7792 8 Veblen Veblen NNP 34823 7792 9 , , , 34823 7792 10 T. T. NNP 34823 7792 11 B. B. NNP 34823 7792 12 , , , 34823 7792 13 _ _ NNP 34823 7792 14 Theory Theory NNP 34823 7792 15 of of IN 34823 7792 16 the the DT 34823 7792 17 Leisure Leisure NNP 34823 7792 18 Class Class NNP 34823 7792 19 _ _ NNP 34823 7792 20 , , , 34823 7792 21 and and CC 34823 7792 22 Carlile Carlile NNP 34823 7792 23 , , , 34823 7792 24 W. W. NNP 34823 7792 25 W. W. NNP 34823 7792 26 , , , 34823 7792 27 _ _ NNP 34823 7792 28 Evolution Evolution NNP 34823 7792 29 of of IN 34823 7792 30 Modern Modern NNP 34823 7792 31 Money Money NNP 34823 7792 32 _ _ NNP 34823 7792 33 . . . 34823 7793 1 [ [ -LRB- 34823 7793 2 39 39 CD 34823 7793 3 ] ] -RRB- 34823 7793 4 _ _ NNP 34823 7793 5 Social Social NNP 34823 7793 6 Value Value NNP 34823 7793 7 _ _ NNP 34823 7793 8 , , , 34823 7793 9 chs chs NNP 34823 7793 10 . . . 34823 7794 1 3 3 CD 34823 7794 2 - - SYM 34823 7794 3 7 7 CD 34823 7794 4 , , , 34823 7794 5 esp esp RB 34823 7794 6 . . . 34823 7795 1 ch ch NNP 34823 7795 2 . . . 34823 7796 1 5 5 CD 34823 7796 2 . . . 34823 7797 1 [ [ -LRB- 34823 7797 2 40 40 CD 34823 7797 3 ] ] -RRB- 34823 7797 4 But but CC 34823 7797 5 land land NN 34823 7797 6 does do VBZ 34823 7797 7 often often RB 34823 7797 8 have have VB 34823 7797 9 value value NN 34823 7797 10 which which WDT 34823 7797 11 it -PRON- PRP 34823 7797 12 is be VBZ 34823 7797 13 impossible impossible JJ 34823 7797 14 to to TO 34823 7797 15 explain explain VB 34823 7797 16 on on IN 34823 7797 17 the the DT 34823 7797 18 basis basis NN 34823 7797 19 of of IN 34823 7797 20 any any DT 34823 7797 21 income income NN 34823 7797 22 which which WDT 34823 7797 23 may may MD 34823 7797 24 reasonably reasonably RB 34823 7797 25 be be VB 34823 7797 26 expected expect VBN 34823 7797 27 from from IN 34823 7797 28 it -PRON- PRP 34823 7797 29 , , , 34823 7797 30 even even RB 34823 7797 31 in in IN 34823 7797 32 the the DT 34823 7797 33 remote remote JJ 34823 7797 34 future future NN 34823 7797 35 . . . 34823 7798 1 [ [ -LRB- 34823 7798 2 41 41 CD 34823 7798 3 ] ] -RRB- 34823 7798 4 P. P. NNP 34823 7798 5 174 174 CD 34823 7798 6 . . . 34823 7799 1 [ [ -LRB- 34823 7799 2 42 42 CD 34823 7799 3 ] ] -RRB- 34823 7799 4 _ _ NNP 34823 7799 5 Cf Cf NNP 34823 7799 6 . . . 34823 7799 7 _ _ IN 34823 7799 8 the the DT 34823 7799 9 discussion discussion NN 34823 7799 10 of of IN 34823 7799 11 Wieser Wieser NNP 34823 7799 12 , , , 34823 7799 13 Schumpeter Schumpeter NNP 34823 7799 14 and and CC 34823 7799 15 von von NNP 34823 7799 16 Mises Mises NNPS 34823 7799 17 in in IN 34823 7799 18 the the DT 34823 7799 19 chapter chapter NN 34823 7799 20 on on IN 34823 7799 21 " " `` 34823 7799 22 Marginal Marginal NNP 34823 7799 23 Utility Utility NNP 34823 7799 24 , , , 34823 7799 25 " " '' 34823 7799 26 _ _ NNP 34823 7799 27 infra infra NNP 34823 7799 28 _ _ NNP 34823 7799 29 . . . 34823 7800 1 [ [ -LRB- 34823 7800 2 43 43 CD 34823 7800 3 ] ] -RRB- 34823 7800 4 Flux Flux NNP 34823 7800 5 , , , 34823 7800 6 W. W. NNP 34823 7800 7 A. A. NNP 34823 7800 8 , , , 34823 7800 9 _ _ NNP 34823 7800 10 Economic Economic NNP 34823 7800 11 Principles Principles NNPS 34823 7800 12 _ _ NNP 34823 7800 13 , , , 34823 7800 14 London London NNP 34823 7800 15 , , , 34823 7800 16 1904 1904 CD 34823 7800 17 , , , 34823 7800 18 pp pp NNP 34823 7800 19 . . . 34823 7801 1 4 4 CD 34823 7801 2 , , , 34823 7801 3 27 27 CD 34823 7801 4 , , , 34823 7801 5 29 29 CD 34823 7801 6 ; ; : 34823 7801 7 Taussig Taussig NNP 34823 7801 8 , , , 34823 7801 9 F. F. NNP 34823 7801 10 W. W. NNP 34823 7801 11 , , , 34823 7801 12 _ _ NNP 34823 7801 13 Principles Principles NNPS 34823 7801 14 of of IN 34823 7801 15 Economics Economics NNP 34823 7801 16 _ _ NNP 34823 7801 17 , , , 34823 7801 18 New New NNP 34823 7801 19 York York NNP 34823 7801 20 , , , 34823 7801 21 1911 1911 CD 34823 7801 22 , , , 34823 7801 23 vol vol NNP 34823 7801 24 . . . 34823 7802 1 I -PRON- PRP 34823 7802 2 , , , 34823 7802 3 pp pp NNP 34823 7802 4 . . . 34823 7803 1 141 141 CD 34823 7803 2 - - SYM 34823 7803 3 143 143 CD 34823 7803 4 . . . 34823 7804 1 _ _ NNP 34823 7804 2 Cf Cf NNP 34823 7804 3 . . . 34823 7804 4 _ _ NNP 34823 7804 5 my -PRON- PRP$ 34823 7804 6 _ _ NNP 34823 7804 7 Social Social NNP 34823 7804 8 Value Value NNP 34823 7804 9 _ _ NNP 34823 7804 10 , , , 34823 7804 11 ch ch NN 34823 7804 12 . . . 34823 7805 1 5 5 CD 34823 7805 2 . . . 34823 7806 1 [ [ -LRB- 34823 7806 2 44 44 CD 34823 7806 3 ] ] -RRB- 34823 7806 4 _ _ NNP 34823 7806 5 Cf Cf NNP 34823 7806 6 . . . 34823 7806 7 _ _ IN 34823 7806 8 the the DT 34823 7806 9 present present JJ 34823 7806 10 writer writer NN 34823 7806 11 's 's POS 34823 7806 12 _ _ NNP 34823 7806 13 Social Social NNP 34823 7806 14 Value Value NNP 34823 7806 15 _ _ NNP 34823 7806 16 , , , 34823 7806 17 chs chs NNP 34823 7806 18 . . . 34823 7807 1 3 3 CD 34823 7807 2 - - SYM 34823 7807 3 6 6 CD 34823 7807 4 , , , 34823 7807 5 inclusive inclusive JJ 34823 7807 6 . . . 34823 7808 1 [ [ -LRB- 34823 7808 2 45 45 CD 34823 7808 3 ] ] -RRB- 34823 7808 4 I -PRON- PRP 34823 7808 5 am be VBP 34823 7808 6 here here RB 34823 7808 7 abstracting abstract VBG 34823 7808 8 from from IN 34823 7808 9 an an DT 34823 7808 10 important important JJ 34823 7808 11 factor factor NN 34823 7808 12 , , , 34823 7808 13 namely namely RB 34823 7808 14 , , , 34823 7808 15 that that IN 34823 7808 16 not not RB 34823 7808 17 all all DT 34823 7808 18 prices price NNS 34823 7808 19 are be VBP 34823 7808 20 affected affect VBN 34823 7808 21 equally equally RB 34823 7808 22 by by IN 34823 7808 23 changes change NNS 34823 7808 24 in in IN 34823 7808 25 the the DT 34823 7808 26 value value NN 34823 7808 27 of of IN 34823 7808 28 money money NN 34823 7808 29 . . . 34823 7809 1 Some some DT 34823 7809 2 prices price NNS 34823 7809 3 are be VBP 34823 7809 4 fixed fix VBN 34823 7809 5 by by IN 34823 7809 6 law law NN 34823 7809 7 and and CC 34823 7809 8 custom custom NN 34823 7809 9 , , , 34823 7809 10 and and CC 34823 7809 11 some some DT 34823 7809 12 incomes income NNS 34823 7809 13 are be VBP 34823 7809 14 tied tie VBN 34823 7809 15 by by IN 34823 7809 16 long long JJ 34823 7809 17 time time NN 34823 7809 18 contracts contract NNS 34823 7809 19 . . . 34823 7810 1 Thus thus RB 34823 7810 2 , , , 34823 7810 3 it -PRON- PRP 34823 7810 4 will will MD 34823 7810 5 happen happen VB 34823 7810 6 , , , 34823 7810 7 in in IN 34823 7810 8 many many JJ 34823 7810 9 cases case NNS 34823 7810 10 , , , 34823 7810 11 that that DT 34823 7810 12 supply supply NN 34823 7810 13 and and CC 34823 7810 14 demand demand NN 34823 7810 15 for for IN 34823 7810 16 a a DT 34823 7810 17 given give VBN 34823 7810 18 good good NN 34823 7810 19 will will MD 34823 7810 20 be be VB 34823 7810 21 unequally unequally RB 34823 7810 22 affected affect VBN 34823 7810 23 by by IN 34823 7810 24 a a DT 34823 7810 25 change change NN 34823 7810 26 in in IN 34823 7810 27 the the DT 34823 7810 28 value value NN 34823 7810 29 of of IN 34823 7810 30 money money NN 34823 7810 31 . . . 34823 7811 1 This this DT 34823 7811 2 means mean VBZ 34823 7811 3 that that IN 34823 7811 4 certain certain JJ 34823 7811 5 values value NNS 34823 7811 6 are be VBP 34823 7811 7 _ _ NNP 34823 7811 8 tied tie VBD 34823 7811 9 _ _ NNP 34823 7811 10 to to IN 34823 7811 11 the the DT 34823 7811 12 value value NN 34823 7811 13 of of IN 34823 7811 14 money money NN 34823 7811 15 , , , 34823 7811 16 rising rise VBG 34823 7811 17 and and CC 34823 7811 18 falling fall VBG 34823 7811 19 with with IN 34823 7811 20 it -PRON- PRP 34823 7811 21 , , , 34823 7811 22 so so IN 34823 7811 23 that that IN 34823 7811 24 the the DT 34823 7811 25 amount amount NN 34823 7811 26 of of IN 34823 7811 27 _ _ NNP 34823 7811 28 power power NN 34823 7811 29 _ _ NNP 34823 7811 30 which which WDT 34823 7811 31 some some DT 34823 7811 32 elements element NNS 34823 7811 33 in in IN 34823 7811 34 the the DT 34823 7811 35 economic economic JJ 34823 7811 36 situation situation NN 34823 7811 37 are be VBP 34823 7811 38 able able JJ 34823 7811 39 to to TO 34823 7811 40 exert exert VB 34823 7811 41 through through IN 34823 7811 42 supply supply NN 34823 7811 43 - - HYPH 34823 7811 44 price price NN 34823 7811 45 - - HYPH 34823 7811 46 offer offer NN 34823 7811 47 and and CC 34823 7811 48 demand demand NN 34823 7811 49 - - HYPH 34823 7811 50 price price NN 34823 7811 51 - - HYPH 34823 7811 52 offer offer NN 34823 7811 53 are be VBP 34823 7811 54 at at IN 34823 7811 55 the the DT 34823 7811 56 mercy mercy NN 34823 7811 57 of of IN 34823 7811 58 changes change NNS 34823 7811 59 in in IN 34823 7811 60 the the DT 34823 7811 61 value value NN 34823 7811 62 of of IN 34823 7811 63 money money NN 34823 7811 64 . . . 34823 7812 1 But but CC 34823 7812 2 this this DT 34823 7812 3 is be VBZ 34823 7812 4 an an DT 34823 7812 5 element element NN 34823 7812 6 which which WDT 34823 7812 7 is be VBZ 34823 7812 8 incalculable incalculable JJ 34823 7812 9 , , , 34823 7812 10 on on IN 34823 7812 11 the the DT 34823 7812 12 basis basis NN 34823 7812 13 of of IN 34823 7812 14 the the DT 34823 7812 15 supply supply NN 34823 7812 16 and and CC 34823 7812 17 demand demand NN 34823 7812 18 concepts concept NNS 34823 7812 19 , , , 34823 7812 20 and and CC 34823 7812 21 must must MD 34823 7812 22 be be VB 34823 7812 23 abstracted abstract VBN 34823 7812 24 from from IN 34823 7812 25 if if IN 34823 7812 26 we -PRON- PRP 34823 7812 27 are be VBP 34823 7812 28 to to TO 34823 7812 29 make make VB 34823 7812 30 any any DT 34823 7812 31 definite definite JJ 34823 7812 32 assertions assertion NNS 34823 7812 33 as as IN 34823 7812 34 to to IN 34823 7812 35 the the DT 34823 7812 36 effect effect NN 34823 7812 37 of of IN 34823 7812 38 increase increase NN 34823 7812 39 or or CC 34823 7812 40 decrease decrease NN 34823 7812 41 of of IN 34823 7812 42 demand demand NN 34823 7812 43 in in IN 34823 7812 44 the the DT 34823 7812 45 active active JJ 34823 7812 46 sense sense NN 34823 7812 47 on on IN 34823 7812 48 supply supply NN 34823 7812 49 in in IN 34823 7812 50 the the DT 34823 7812 51 passive passive JJ 34823 7812 52 sense sense NN 34823 7812 53 , , , 34823 7812 54 or or CC 34823 7812 55 vice vice NN 34823 7812 56 versa versa RB 34823 7812 57 . . . 34823 7813 1 Unless unless IN 34823 7813 2 we -PRON- PRP 34823 7813 3 make make VBP 34823 7813 4 this this DT 34823 7813 5 abstraction abstraction NN 34823 7813 6 , , , 34823 7813 7 and and CC 34823 7813 8 unless unless IN 34823 7813 9 we -PRON- PRP 34823 7813 10 assume assume VBP 34823 7813 11 a a DT 34823 7813 12 fixed fix VBN 34823 7813 13 value value NN 34823 7813 14 of of IN 34823 7813 15 money money NN 34823 7813 16 , , , 34823 7813 17 we -PRON- PRP 34823 7813 18 might may MD 34823 7813 19 find find VB 34823 7813 20 increase increase NN 34823 7813 21 of of IN 34823 7813 22 demand demand NN 34823 7813 23 in in IN 34823 7813 24 the the DT 34823 7813 25 active active JJ 34823 7813 26 sense sense NN 34823 7813 27 ( ( -LRB- 34823 7813 28 nominal nominal NNP 34823 7813 29 ) ) -RRB- 34823 7813 30 leading lead VBG 34823 7813 31 sometimes sometimes RB 34823 7813 32 to to IN 34823 7813 33 an an DT 34823 7813 34 increase increase NN 34823 7813 35 , , , 34823 7813 36 and and CC 34823 7813 37 sometimes sometimes RB 34823 7813 38 to to IN 34823 7813 39 a a DT 34823 7813 40 decrease decrease NN 34823 7813 41 of of IN 34823 7813 42 supply supply NN 34823 7813 43 in in IN 34823 7813 44 the the DT 34823 7813 45 passive passive JJ 34823 7813 46 sense sense NN 34823 7813 47 , , , 34823 7813 48 or or CC 34823 7813 49 rather rather RB 34823 7813 50 , , , 34823 7813 51 being be VBG 34823 7813 52 accompanied accompany VBN 34823 7813 53 by by IN 34823 7813 54 either either DT 34823 7813 55 increase increase NN 34823 7813 56 or or CC 34823 7813 57 decrease decrease NN 34823 7813 58 of of IN 34823 7813 59 supply supply NN 34823 7813 60 in in IN 34823 7813 61 the the DT 34823 7813 62 passive passive JJ 34823 7813 63 sense sense NN 34823 7813 64 . . . 34823 7814 1 No no DT 34823 7814 2 law law NN 34823 7814 3 would would MD 34823 7814 4 be be VB 34823 7814 5 possible possible JJ 34823 7814 6 . . . 34823 7815 1 In in IN 34823 7815 2 practice practice NN 34823 7815 3 , , , 34823 7815 4 both both DT 34823 7815 5 of of IN 34823 7815 6 these these DT 34823 7815 7 abstractions abstraction NNS 34823 7815 8 are be VBP 34823 7815 9 more more RBR 34823 7815 10 or or CC 34823 7815 11 less less RBR 34823 7815 12 consciously consciously RB 34823 7815 13 assumed assume VBN 34823 7815 14 . . . 34823 7816 1 [ [ -LRB- 34823 7816 2 46 46 CD 34823 7816 3 ] ] -RRB- 34823 7816 4 I -PRON- PRP 34823 7816 5 think think VBP 34823 7816 6 that that IN 34823 7816 7 it -PRON- PRP 34823 7816 8 is be VBZ 34823 7816 9 a a DT 34823 7816 10 feeling feeling NN 34823 7816 11 that that IN 34823 7816 12 Mill Mill NNP 34823 7816 13 has have VBZ 34823 7816 14 left leave VBN 34823 7816 15 out out RP 34823 7816 16 the the DT 34823 7816 17 psychological psychological JJ 34823 7816 18 factors factor NNS 34823 7816 19 in in IN 34823 7816 20 supply supply NN 34823 7816 21 and and CC 34823 7816 22 demand demand NN 34823 7816 23 which which WDT 34823 7816 24 led lead VBD 34823 7816 25 Cairnes Cairnes NNPS 34823 7816 26 to to IN 34823 7816 27 the the DT 34823 7816 28 effort effort NN 34823 7816 29 to to TO 34823 7816 30 give give VB 34823 7816 31 definiteness definiteness NN 34823 7816 32 to to IN 34823 7816 33 other other JJ 34823 7816 34 and and CC 34823 7816 35 vaguer vaguer VB 34823 7816 36 notions notion NNS 34823 7816 37 on on IN 34823 7816 38 the the DT 34823 7816 39 subject subject NN 34823 7816 40 . . . 34823 7817 1 [ [ -LRB- 34823 7817 2 47 47 CD 34823 7817 3 ] ] -RRB- 34823 7817 4 _ _ NNP 34823 7817 5 Cf Cf NNP 34823 7817 6 . . . 34823 7818 1 Social Social NNP 34823 7818 2 Value Value NNP 34823 7818 3 _ _ NNP 34823 7818 4 , , , 34823 7818 5 ch ch NN 34823 7818 6 . . . 34823 7819 1 2 2 LS 34823 7819 2 ; ; : 34823 7819 3 " " `` 34823 7819 4 The the DT 34823 7819 5 Concept Concept NNP 34823 7819 6 of of IN 34823 7819 7 Value Value NNP 34823 7819 8 Further further RB 34823 7819 9 Considered consider VBN 34823 7819 10 , , , 34823 7819 11 " " '' 34823 7819 12 _ _ NNP 34823 7819 13 Quart Quart NNP 34823 7819 14 . . . 34823 7820 1 Jour Jour NNP 34823 7820 2 . . . 34823 7821 1 of of IN 34823 7821 2 Economics Economics NNP 34823 7821 3 _ _ NNP 34823 7821 4 , , , 34823 7821 5 Aug. August NNP 34823 7821 6 1915 1915 CD 34823 7821 7 . . . 34823 7822 1 For for IN 34823 7822 2 the the DT 34823 7822 3 doctrine doctrine NN 34823 7822 4 that that DT 34823 7822 5 supply supply NN 34823 7822 6 and and CC 34823 7822 7 demand demand NN 34823 7822 8 , , , 34823 7822 9 and and CC 34823 7822 10 other other JJ 34823 7822 11 elements element NNS 34823 7822 12 of of IN 34823 7822 13 current current JJ 34823 7822 14 price price NN 34823 7822 15 theory theory NN 34823 7822 16 , , , 34823 7822 17 assume assume VBP 34823 7822 18 a a DT 34823 7822 19 fixed fix VBN 34823 7822 20 absolute absolute JJ 34823 7822 21 value value NN 34823 7822 22 of of IN 34823 7822 23 money money NN 34823 7822 24 , , , 34823 7822 25 see see VB 34823 7822 26 _ _ NNP 34823 7822 27 Social Social NNP 34823 7822 28 Value Value NNP 34823 7822 29 _ _ NNP 34823 7822 30 , , , 34823 7822 31 p. p. NN 34823 7822 32 166 166 CD 34823 7822 33 , , , 34823 7822 34 n. n. NNP 34823 7822 35 , , , 34823 7822 36 and and CC 34823 7822 37 ch ch NNP 34823 7822 38 . . . 34823 7823 1 17 17 CD 34823 7823 2 . . . 34823 7824 1 [ [ -LRB- 34823 7824 2 48 48 CD 34823 7824 3 ] ] -RRB- 34823 7824 4 _ _ NNP 34823 7824 5 Leading Leading NNP 34823 7824 6 Principles Principles NNPS 34823 7824 7 _ _ NNP 34823 7824 8 , , , 34823 7824 9 ch ch NN 34823 7824 10 . . . 34823 7825 1 on on IN 34823 7825 2 " " `` 34823 7825 3 Supply Supply NNP 34823 7825 4 and and CC 34823 7825 5 Demand demand NN 34823 7825 6 . . . 34823 7825 7 " " '' 34823 7826 1 [ [ -LRB- 34823 7826 2 49 49 CD 34823 7826 3 ] ] -RRB- 34823 7826 4 _ _ NNP 34823 7826 5 Cf Cf NNP 34823 7826 6 . . . 34823 7827 1 Social Social NNP 34823 7827 2 Value Value NNP 34823 7827 3 _ _ NNP 34823 7827 4 , , , 34823 7827 5 pp pp NNP 34823 7827 6 . . . 34823 7828 1 29 29 CD 34823 7828 2 - - SYM 34823 7828 3 30 30 CD 34823 7828 4 , , , 34823 7828 5 and and CC 34823 7828 6 64 64 CD 34823 7828 7 - - SYM 34823 7828 8 71 71 CD 34823 7828 9 . . . 34823 7829 1 [ [ -LRB- 34823 7829 2 50 50 CD 34823 7829 3 ] ] -RRB- 34823 7829 4 _ _ NNP 34823 7829 5 Cf Cf NNP 34823 7829 6 . . . 34823 7829 7 _ _ IN 34823 7829 8 the the DT 34823 7829 9 discussion discussion NN 34823 7829 10 , , , 34823 7829 11 _ _ NNP 34823 7829 12 infra infra NNP 34823 7829 13 _ _ NNP 34823 7829 14 , , , 34823 7829 15 of of IN 34823 7829 16 " " `` 34823 7829 17 T T NNP 34823 7829 18 " " '' 34823 7829 19 in in IN 34823 7829 20 the the DT 34823 7829 21 " " `` 34823 7829 22 equation equation NN 34823 7829 23 of of IN 34823 7829 24 exchange exchange NN 34823 7829 25 . . . 34823 7829 26 " " '' 34823 7830 1 [ [ -LRB- 34823 7830 2 51 51 CD 34823 7830 3 ] ] -RRB- 34823 7830 4 Cotton Cotton NNP 34823 7830 5 is be VBZ 34823 7830 6 chosen choose VBN 34823 7830 7 for for IN 34823 7830 8 this this DT 34823 7830 9 illustration illustration NN 34823 7830 10 because because IN 34823 7830 11 it -PRON- PRP 34823 7830 12 has have VBZ 34823 7830 13 actually actually RB 34823 7830 14 happened happen VBN 34823 7830 15 , , , 34823 7830 16 more more JJR 34823 7830 17 than than IN 34823 7830 18 once once RB 34823 7830 19 , , , 34823 7830 20 that that IN 34823 7830 21 a a DT 34823 7830 22 large large JJ 34823 7830 23 crop crop NN 34823 7830 24 has have VBZ 34823 7830 25 sold sell VBN 34823 7830 26 for for IN 34823 7830 27 a a DT 34823 7830 28 smaller small JJR 34823 7830 29 aggregate aggregate JJ 34823 7830 30 price price NN 34823 7830 31 than than IN 34823 7830 32 a a DT 34823 7830 33 smaller small JJR 34823 7830 34 one one NN 34823 7830 35 . . . 34823 7831 1 Thus thus RB 34823 7831 2 , , , 34823 7831 3 not not RB 34823 7831 4 to to TO 34823 7831 5 take take VB 34823 7831 6 an an DT 34823 7831 7 extreme extreme JJ 34823 7831 8 illustration illustration NN 34823 7831 9 , , , 34823 7831 10 the the DT 34823 7831 11 crop crop NN 34823 7831 12 of of IN 34823 7831 13 1910 1910 CD 34823 7831 14 - - SYM 34823 7831 15 11 11 CD 34823 7831 16 was be VBD 34823 7831 17 11,568,334 11,568,334 CD 34823 7831 18 bales bale NNS 34823 7831 19 . . . 34823 7832 1 That that DT 34823 7832 2 of of IN 34823 7832 3 1911 1911 CD 34823 7832 4 - - SYM 34823 7832 5 12 12 CD 34823 7832 6 was be VBD 34823 7832 7 15,553,073 15,553,073 CD 34823 7832 8 bales bale NNS 34823 7832 9 . . . 34823 7833 1 The the DT 34823 7833 2 average average JJ 34823 7833 3 price price NN 34823 7833 4 of of IN 34823 7833 5 spot spot NN 34823 7833 6 cotton cotton NN 34823 7833 7 at at IN 34823 7833 8 New New NNP 34823 7833 9 York York NNP 34823 7833 10 from from IN 34823 7833 11 Oct. October NNP 34823 7833 12 1910 1910 CD 34823 7833 13 to to IN 34823 7833 14 June June NNP 34823 7833 15 , , , 34823 7833 16 1911 1911 CD 34823 7833 17 , , , 34823 7833 18 inclusive inclusive JJ 34823 7833 19 , , , 34823 7833 20 was be VBD 34823 7833 21 almost almost RB 34823 7833 22 15c 15c NNS 34823 7833 23 . . . 34823 7834 1 per per IN 34823 7834 2 lb lb XX 34823 7834 3 . . . 34823 7835 1 ; ; : 34823 7835 2 the the DT 34823 7835 3 average average JJ 34823 7835 4 price price NN 34823 7835 5 of of IN 34823 7835 6 spot spot NN 34823 7835 7 cotton cotton NN 34823 7835 8 in in IN 34823 7835 9 New New NNP 34823 7835 10 York York NNP 34823 7835 11 during during IN 34823 7835 12 the the DT 34823 7835 13 same same JJ 34823 7835 14 months month NNS 34823 7835 15 in in IN 34823 7835 16 1911 1911 CD 34823 7835 17 - - SYM 34823 7835 18 12 12 CD 34823 7835 19 was be VBD 34823 7835 20 not not RB 34823 7835 21 quite quite RB 34823 7835 22 10 10 CD 34823 7835 23 cents cent NNS 34823 7835 24 per per IN 34823 7835 25 lb lb XX 34823 7835 26 . . . 34823 7836 1 On on IN 34823 7836 2 this this DT 34823 7836 3 basis basis NN 34823 7836 4 , , , 34823 7836 5 the the DT 34823 7836 6 eleven eleven CD 34823 7836 7 million million CD 34823 7836 8 odd odd JJ 34823 7836 9 bales bale NNS 34823 7836 10 of of IN 34823 7836 11 1910 1910 CD 34823 7836 12 - - SYM 34823 7836 13 11 11 CD 34823 7836 14 sold sell VBD 34823 7836 15 for for IN 34823 7836 16 substantially substantially RB 34823 7836 17 more more JJR 34823 7836 18 than than IN 34823 7836 19 the the DT 34823 7836 20 fifteen fifteen CD 34823 7836 21 million million CD 34823 7836 22 odd odd JJ 34823 7836 23 bales bale NNS 34823 7836 24 of of IN 34823 7836 25 1911 1911 CD 34823 7836 26 - - SYM 34823 7836 27 12 12 CD 34823 7836 28 . . . 34823 7837 1 [ [ -LRB- 34823 7837 2 52 52 CD 34823 7837 3 ] ] -RRB- 34823 7837 4 Nor nor CC 34823 7837 5 is be VBZ 34823 7837 6 there there EX 34823 7837 7 anything anything NN 34823 7837 8 in in IN 34823 7837 9 the the DT 34823 7837 10 hypothesis hypothesis NN 34823 7837 11 to to TO 34823 7837 12 reduce reduce VB 34823 7837 13 the the DT 34823 7837 14 number number NN 34823 7837 15 of of IN 34823 7837 16 times time NNS 34823 7837 17 any any DT 34823 7837 18 good good JJ 34823 7837 19 needs need NNS 34823 7837 20 to to TO 34823 7837 21 be be VB 34823 7837 22 exchanged exchange VBN 34823 7837 23 against against IN 34823 7837 24 money money NN 34823 7837 25 . . . 34823 7838 1 Rather rather RB 34823 7838 2 there there EX 34823 7838 3 would would MD 34823 7838 4 be be VB 34823 7838 5 an an DT 34823 7838 6 increase increase NN 34823 7838 7 of of IN 34823 7838 8 exchanging exchange VBG 34823 7838 9 , , , 34823 7838 10 as as IN 34823 7838 11 speculation speculation NN 34823 7838 12 took take VBD 34823 7838 13 place place NN 34823 7838 14 to to TO 34823 7838 15 bring bring VB 34823 7838 16 about about RP 34823 7838 17 the the DT 34823 7838 18 needed need VBN 34823 7838 19 readjustments readjustment NNS 34823 7838 20 . . . 34823 7839 1 For for IN 34823 7839 2 the the DT 34823 7839 3 present present NN 34823 7839 4 , , , 34823 7839 5 I -PRON- PRP 34823 7839 6 abstract abstract VBP 34823 7839 7 from from IN 34823 7839 8 this this DT 34823 7839 9 . . . 34823 7840 1 _ _ NNP 34823 7840 2 Cf Cf NNP 34823 7840 3 . . . 34823 7841 1 infra infra NNP 34823 7841 2 _ _ NNP 34823 7841 3 , , , 34823 7841 4 the the DT 34823 7841 5 chapter chapter NN 34823 7841 6 on on IN 34823 7841 7 " " `` 34823 7841 8 Volume Volume NNP 34823 7841 9 of of IN 34823 7841 10 Money money NN 34823 7841 11 and and CC 34823 7841 12 Volume Volume NNP 34823 7841 13 of of IN 34823 7841 14 Trade Trade NNP 34823 7841 15 . . . 34823 7841 16 " " '' 34823 7842 1 [ [ -LRB- 34823 7842 2 53 53 CD 34823 7842 3 ] ] -RRB- 34823 7842 4 I -PRON- PRP 34823 7842 5 shall shall MD 34823 7842 6 recur recur VB 34823 7842 7 to to IN 34823 7842 8 this this DT 34823 7842 9 point point NN 34823 7842 10 in in IN 34823 7842 11 the the DT 34823 7842 12 chapter chapter NN 34823 7842 13 on on IN 34823 7842 14 " " `` 34823 7842 15 The the DT 34823 7842 16 Quantity Quantity NNP 34823 7842 17 Theory Theory NNP 34823 7842 18 and and CC 34823 7842 19 International International NNP 34823 7842 20 Gold Gold NNP 34823 7842 21 Movements Movements NNPS 34823 7842 22 . . . 34823 7842 23 " " '' 34823 7843 1 [ [ -LRB- 34823 7843 2 54 54 CD 34823 7843 3 ] ] -RRB- 34823 7843 4 _ _ NNP 34823 7843 5 Quart Quart NNP 34823 7843 6 . . . 34823 7844 1 Jour Jour NNP 34823 7844 2 . . . 34823 7845 1 of of IN 34823 7845 2 Economics Economics NNP 34823 7845 3 _ _ NNP 34823 7845 4 , , , 34823 7845 5 1894 1894 CD 34823 7845 6 - - SYM 34823 7845 7 95 95 CD 34823 7845 8 , , , 34823 7845 9 p. p. NN 34823 7845 10 372 372 CD 34823 7845 11 . . . 34823 7846 1 [ [ -LRB- 34823 7846 2 55 55 CD 34823 7846 3 ] ] -RRB- 34823 7846 4 _ _ NNP 34823 7846 5 Cf Cf NNP 34823 7846 6 . . . 34823 7846 7 _ _ NNP 34823 7846 8 Davenport Davenport NNP 34823 7846 9 , , , 34823 7846 10 _ _ NNP 34823 7846 11 Value Value NNP 34823 7846 12 and and CC 34823 7846 13 Distribution Distribution NNP 34823 7846 14 _ _ NNP 34823 7846 15 , , , 34823 7846 16 and and CC 34823 7846 17 Whitaker Whitaker NNP 34823 7846 18 , , , 34823 7846 19 _ _ NNP 34823 7846 20 Labor Labor NNP 34823 7846 21 Theory Theory NNP 34823 7846 22 of of IN 34823 7846 23 Value Value NNP 34823 7846 24 _ _ NNP 34823 7846 25 . . . 34823 7847 1 [ [ -LRB- 34823 7847 2 56 56 CD 34823 7847 3 ] ] -RRB- 34823 7847 4 _ _ NNP 34823 7847 5 Cf Cf NNP 34823 7847 6 . . . 34823 7848 1 Social Social NNP 34823 7848 2 Value Value NNP 34823 7848 3 _ _ NNP 34823 7848 4 , , , 34823 7848 5 pp pp NNP 34823 7848 6 . . . 34823 7849 1 29 29 CD 34823 7849 2 - - SYM 34823 7849 3 30 30 CD 34823 7849 4 ; ; : 34823 7849 5 64 64 CD 34823 7849 6 - - SYM 34823 7849 7 71 71 CD 34823 7849 8 . . . 34823 7850 1 [ [ -LRB- 34823 7850 2 57 57 CD 34823 7850 3 ] ] -RRB- 34823 7850 4 I -PRON- PRP 34823 7850 5 incline incline VBP 34823 7850 6 to to IN 34823 7850 7 the the DT 34823 7850 8 view view NN 34823 7850 9 that that IN 34823 7850 10 the the DT 34823 7850 11 explanation explanation NN 34823 7850 12 of of IN 34823 7850 13 costs cost NNS 34823 7850 14 by by IN 34823 7850 15 foregone foregone JJ 34823 7850 16 positive positive JJ 34823 7850 17 values value NNS 34823 7850 18 needs need VBZ 34823 7850 19 supplementing supplement VBG 34823 7850 20 by by IN 34823 7850 21 a a DT 34823 7850 22 recognition recognition NN 34823 7850 23 of of IN 34823 7850 24 the the DT 34823 7850 25 rôle rôle NN 34823 7850 26 of of IN 34823 7850 27 _ _ NNP 34823 7850 28 negative negative JJ 34823 7850 29 social social JJ 34823 7850 30 values value NNS 34823 7850 31 _ _ NNP 34823 7850 32 , , , 34823 7850 33 and and CC 34823 7850 34 that that IN 34823 7850 35 thus thus RB 34823 7850 36 interpreted interpret VBD 34823 7850 37 , , , 34823 7850 38 " " `` 34823 7850 39 real real JJ 34823 7850 40 costs cost NNS 34823 7850 41 " " `` 34823 7850 42 have have VBP 34823 7850 43 a a DT 34823 7850 44 minor minor JJ 34823 7850 45 part part NN 34823 7850 46 to to TO 34823 7850 47 play play VB 34823 7850 48 . . . 34823 7851 1 But but CC 34823 7851 2 I -PRON- PRP 34823 7851 3 have have VBP 34823 7851 4 not not RB 34823 7851 5 thought think VBN 34823 7851 6 the the DT 34823 7851 7 matter matter NN 34823 7851 8 through through IN 34823 7851 9 satisfactorily satisfactorily RB 34823 7851 10 , , , 34823 7851 11 and and CC 34823 7851 12 shall shall MD 34823 7851 13 find find VB 34823 7851 14 no no DT 34823 7851 15 occasion occasion NN 34823 7851 16 to to TO 34823 7851 17 use use VB 34823 7851 18 the the DT 34823 7851 19 doctrine doctrine NN 34823 7851 20 in in IN 34823 7851 21 the the DT 34823 7851 22 present present JJ 34823 7851 23 volume volume NN 34823 7851 24 . . . 34823 7852 1 [ [ -LRB- 34823 7852 2 58 58 CD 34823 7852 3 ] ] -RRB- 34823 7852 4 This this DT 34823 7852 5 doctrine doctrine NN 34823 7852 6 as as IN 34823 7852 7 applied apply VBN 34823 7852 8 to to IN 34823 7852 9 rates rate NNS 34823 7852 10 on on IN 34823 7852 11 call call JJ 34823 7852 12 loans loan NNS 34823 7852 13 appears appear VBZ 34823 7852 14 in in IN 34823 7852 15 Seligman Seligman NNP 34823 7852 16 's 's POS 34823 7852 17 _ _ NNP 34823 7852 18 Principles Principles NNPS 34823 7852 19 of of IN 34823 7852 20 Economics Economics NNP 34823 7852 21 _ _ NNP 34823 7852 22 , , , 34823 7852 23 1912 1912 CD 34823 7852 24 ed ed NNP 34823 7852 25 . . NNP 34823 7852 26 , , , 34823 7852 27 p. p. NN 34823 7852 28 395 395 CD 34823 7852 29 . . . 34823 7853 1 The the DT 34823 7853 2 peculiarities peculiarity NNS 34823 7853 3 of of IN 34823 7853 4 call call JJ 34823 7853 5 loans loan NNS 34823 7853 6 have have VBP 34823 7853 7 also also RB 34823 7853 8 been be VBN 34823 7853 9 discussed discuss VBN 34823 7853 10 by by IN 34823 7853 11 C. C. NNP 34823 7853 12 A. A. NNP 34823 7853 13 Conant Conant NNP 34823 7853 14 , , , 34823 7853 15 _ _ NNP 34823 7853 16 Principles Principles NNPS 34823 7853 17 of of IN 34823 7853 18 Money Money NNP 34823 7853 19 and and CC 34823 7853 20 Banking Banking NNP 34823 7853 21 _ _ NNP 34823 7853 22 , , , 34823 7853 23 I -PRON- PRP 34823 7853 24 , , , 34823 7853 25 p. p. NN 34823 7853 26 171 171 CD 34823 7853 27 . . . 34823 7854 1 Conant conant VB 34823 7854 2 there there EX 34823 7854 3 refers refer VBZ 34823 7854 4 to to IN 34823 7854 5 a a DT 34823 7854 6 discussion discussion NN 34823 7854 7 by by IN 34823 7854 8 Joseph Joseph NNP 34823 7854 9 F. F. NNP 34823 7854 10 Johnson Johnson NNP 34823 7854 11 , , , 34823 7854 12 in in IN 34823 7854 13 _ _ NNP 34823 7854 14 Pol Pol NNP 34823 7854 15 . . . 34823 7855 1 Sci Sci NNP 34823 7855 2 . . . 34823 7856 1 Quarterly Quarterly NNP 34823 7856 2 _ _ NNP 34823 7856 3 , , , 34823 7856 4 Sept. September NNP 34823 7856 5 1900 1900 CD 34823 7856 6 , , , 34823 7856 7 p. p. NN 34823 7856 8 500 500 CD 34823 7856 9 . . . 34823 7857 1 There there EX 34823 7857 2 are be VBP 34823 7857 3 some some DT 34823 7857 4 very very RB 34823 7857 5 interesting interesting JJ 34823 7857 6 distinctions distinction NNS 34823 7857 7 between between IN 34823 7857 8 the the DT 34823 7857 9 " " `` 34823 7857 10 hire hire NN 34823 7857 11 price price NN 34823 7857 12 " " '' 34823 7857 13 and and CC 34823 7857 14 the the DT 34823 7857 15 " " `` 34823 7857 16 purchase purchase NN 34823 7857 17 price price NN 34823 7857 18 " " '' 34823 7857 19 of of IN 34823 7857 20 money money NN 34823 7857 21 developed develop VBN 34823 7857 22 by by IN 34823 7857 23 J. J. NNP 34823 7858 1 A. A. NNP 34823 7858 2 Hobson Hobson NNP 34823 7858 3 , , , 34823 7858 4 in in IN 34823 7858 5 his -PRON- PRP$ 34823 7858 6 _ _ NNP 34823 7858 7 Gold Gold NNP 34823 7858 8 , , , 34823 7858 9 Prices Prices NNPS 34823 7858 10 and and CC 34823 7858 11 Wages Wages NNPS 34823 7858 12 _ _ NNP 34823 7858 13 , , , 34823 7858 14 pp pp NNP 34823 7858 15 . . . 34823 7859 1 153 153 CD 34823 7859 2 _ _ NNP 34823 7859 3 et et NNP 34823 7859 4 . . . 34823 7860 1 seq seq NN 34823 7860 2 . . . 34823 7860 3 _ _ NNP 34823 7860 4 [ [ -LRB- 34823 7860 5 59 59 CD 34823 7860 6 ] ] -RRB- 34823 7860 7 One one CD 34823 7860 8 " " `` 34823 7860 9 pure pure JJ 34823 7860 10 rate rate NN 34823 7860 11 " " '' 34823 7860 12 of of IN 34823 7860 13 interest interest NN 34823 7860 14 , , , 34823 7860 15 for for IN 34823 7860 16 loans loan NNS 34823 7860 17 of of IN 34823 7860 18 all all DT 34823 7860 19 periods period NNS 34823 7860 20 over over RP 34823 7860 21 , , , 34823 7860 22 say say UH 34823 7860 23 , , , 34823 7860 24 three three CD 34823 7860 25 years year NNS 34823 7860 26 , , , 34823 7860 27 is be VBZ 34823 7860 28 doubtless doubtless JJ 34823 7860 29 , , , 34823 7860 30 a a DT 34823 7860 31 myth myth NN 34823 7860 32 , , , 34823 7860 33 or or CC 34823 7860 34 better well JJR 34823 7860 35 , , , 34823 7860 36 a a DT 34823 7860 37 methodological methodological JJ 34823 7860 38 device device NN 34823 7860 39 for for IN 34823 7860 40 simplifying simplify VBG 34823 7860 41 thinking thinking NN 34823 7860 42 in in IN 34823 7860 43 connection connection NN 34823 7860 44 with with IN 34823 7860 45 the the DT 34823 7860 46 theory theory NN 34823 7860 47 of of IN 34823 7860 48 interest interest NN 34823 7860 49 , , , 34823 7860 50 and and CC 34823 7860 51 the the DT 34823 7860 52 capitalization capitalization NN 34823 7860 53 theory theory NN 34823 7860 54 . . . 34823 7861 1 It -PRON- PRP 34823 7861 2 is be VBZ 34823 7861 3 not not RB 34823 7861 4 necessary necessary JJ 34823 7861 5 for for IN 34823 7861 6 our -PRON- PRP$ 34823 7861 7 purposes purpose NNS 34823 7861 8 , , , 34823 7861 9 however however RB 34823 7861 10 , , , 34823 7861 11 to to TO 34823 7861 12 give give VB 34823 7861 13 detailed detailed JJ 34823 7861 14 analysis analysis NN 34823 7861 15 to to IN 34823 7861 16 the the DT 34823 7861 17 notion notion NN 34823 7861 18 . . . 34823 7862 1 We -PRON- PRP 34823 7862 2 shall shall MD 34823 7862 3 discuss discuss VB 34823 7862 4 the the DT 34823 7862 5 capitalization capitalization NN 34823 7862 6 theory theory NN 34823 7862 7 as as IN 34823 7862 8 we -PRON- PRP 34823 7862 9 find find VBP 34823 7862 10 it -PRON- PRP 34823 7862 11 , , , 34823 7862 12 assuming assume VBG 34823 7862 13 that that IN 34823 7862 14 , , , 34823 7862 15 as as IN 34823 7862 16 a a DT 34823 7862 17 matter matter NN 34823 7862 18 of of IN 34823 7862 19 fact fact NN 34823 7862 20 , , , 34823 7862 21 the the DT 34823 7862 22 difference difference NN 34823 7862 23 between between IN 34823 7862 24 loans loan NNS 34823 7862 25 of of IN 34823 7862 26 20 20 CD 34823 7862 27 years year NNS 34823 7862 28 and and CC 34823 7862 29 loans loan NNS 34823 7862 30 of of IN 34823 7862 31 35 35 CD 34823 7862 32 years year NNS 34823 7862 33 , , , 34823 7862 34 or or CC 34823 7862 35 in in IN 34823 7862 36 perpetuity perpetuity NN 34823 7862 37 , , , 34823 7862 38 of of IN 34823 7862 39 equal equal JJ 34823 7862 40 quality quality NN 34823 7862 41 in in IN 34823 7862 42 other other JJ 34823 7862 43 respects respect NNS 34823 7862 44 , , , 34823 7862 45 may may MD 34823 7862 46 be be VB 34823 7862 47 abstracted abstract VBN 34823 7862 48 from from IN 34823 7862 49 , , , 34823 7862 50 with with IN 34823 7862 51 safety safety NN 34823 7862 52 . . . 34823 7863 1 [ [ -LRB- 34823 7863 2 60 60 CD 34823 7863 3 ] ] -RRB- 34823 7863 4 The the DT 34823 7863 5 price price NN 34823 7863 6 - - HYPH 34823 7863 7 level level NN 34823 7863 8 is be VBZ 34823 7863 9 a a DT 34823 7863 10 _ _ NNP 34823 7863 11 weighted weight VBD 34823 7863 12 _ _ NNP 34823 7863 13 average average NN 34823 7863 14 . . . 34823 7864 1 These these DT 34823 7864 2 elements element NNS 34823 7864 3 dominate dominate VBP 34823 7864 4 it -PRON- PRP 34823 7864 5 . . . 34823 7865 1 _ _ NNP 34823 7865 2 Cf Cf NNP 34823 7865 3 . . . 34823 7865 4 _ _ NNP 34823 7865 5 our -PRON- PRP$ 34823 7865 6 discussion discussion NN 34823 7865 7 , , , 34823 7865 8 in in IN 34823 7865 9 the the DT 34823 7865 10 chapter chapter NN 34823 7865 11 on on IN 34823 7865 12 the the DT 34823 7865 13 " " `` 34823 7865 14 Volume Volume NNP 34823 7865 15 of of IN 34823 7865 16 Money money NN 34823 7865 17 and and CC 34823 7865 18 the the DT 34823 7865 19 Volume Volume NNP 34823 7865 20 of of IN 34823 7865 21 Trade Trade NNP 34823 7865 22 , , , 34823 7865 23 " " '' 34823 7865 24 _ _ NNP 34823 7865 25 infra infra NNP 34823 7865 26 _ _ NNP 34823 7865 27 , , , 34823 7865 28 of of IN 34823 7865 29 the the DT 34823 7865 30 elements element NNS 34823 7865 31 entering enter VBG 34823 7865 32 into into IN 34823 7865 33 trade trade NN 34823 7865 34 . . . 34823 7866 1 We -PRON- PRP 34823 7866 2 shall shall MD 34823 7866 3 make make VB 34823 7866 4 use use NN 34823 7866 5 of of IN 34823 7866 6 the the DT 34823 7866 7 capitalization capitalization NN 34823 7866 8 theory theory NN 34823 7866 9 at at IN 34823 7866 10 various various JJ 34823 7866 11 points point NNS 34823 7866 12 in in IN 34823 7866 13 our -PRON- PRP$ 34823 7866 14 discussion discussion NN 34823 7866 15 of of IN 34823 7866 16 general general JJ 34823 7866 17 prices price NNS 34823 7866 18 . . . 34823 7867 1 _ _ NNP 34823 7867 2 Cf Cf NNP 34823 7867 3 . . . 34823 7867 4 _ _ NNP 34823 7867 5 the the DT 34823 7867 6 chapter chapter NN 34823 7867 7 on on IN 34823 7867 8 " " `` 34823 7867 9 The the DT 34823 7867 10 Passiveness passiveness NN 34823 7867 11 of of IN 34823 7867 12 Prices Prices NNPS 34823 7867 13 , , , 34823 7867 14 " " '' 34823 7867 15 where where WRB 34823 7867 16 it -PRON- PRP 34823 7867 17 is be VBZ 34823 7867 18 shown show VBN 34823 7867 19 that that IN 34823 7867 20 the the DT 34823 7867 21 capitalization capitalization NN 34823 7867 22 theory theory NN 34823 7867 23 and and CC 34823 7867 24 the the DT 34823 7867 25 quantity quantity NN 34823 7867 26 theory theory NN 34823 7867 27 are be VBP 34823 7867 28 irreconcilable irreconcilable JJ 34823 7867 29 . . . 34823 7868 1 [ [ -LRB- 34823 7868 2 61 61 CD 34823 7868 3 ] ] -RRB- 34823 7868 4 There there EX 34823 7868 5 is be VBZ 34823 7868 6 an an DT 34823 7868 7 extensive extensive JJ 34823 7868 8 body body NN 34823 7868 9 of of IN 34823 7868 10 controversial controversial JJ 34823 7868 11 literature literature NN 34823 7868 12 connected connect VBN 34823 7868 13 with with IN 34823 7868 14 the the DT 34823 7868 15 capitalization capitalization NN 34823 7868 16 theory theory NN 34823 7868 17 , , , 34823 7868 18 which which WDT 34823 7868 19 it -PRON- PRP 34823 7868 20 is be VBZ 34823 7868 21 unnecessary unnecessary JJ 34823 7868 22 , , , 34823 7868 23 for for IN 34823 7868 24 present present JJ 34823 7868 25 purposes purpose NNS 34823 7868 26 , , , 34823 7868 27 to to TO 34823 7868 28 consider consider VB 34823 7868 29 . . . 34823 7869 1 One one CD 34823 7869 2 interesting interesting JJ 34823 7869 3 line line NN 34823 7869 4 of of IN 34823 7869 5 doctrine doctrine NN 34823 7869 6 is be VBZ 34823 7869 7 that that IN 34823 7869 8 developed develop VBN 34823 7869 9 by by IN 34823 7869 10 DR DR NNP 34823 7869 11 Scott Scott NNP 34823 7869 12 ( ( -LRB- 34823 7869 13 _ _ NNP 34823 7869 14 Jour Jour NNP 34823 7869 15 . . . 34823 7870 1 of of IN 34823 7870 2 Pol Pol NNP 34823 7870 3 . . . 34823 7871 1 Econ Econ NNP 34823 7871 2 . . . 34823 7871 3 _ _ NNP 34823 7871 4 , , , 34823 7871 5 Mar. March NNP 34823 7872 1 1910 1910 CD 34823 7872 2 ) ) -RRB- 34823 7872 3 and and CC 34823 7872 4 H. H. NNP 34823 7872 5 J. J. NNP 34823 7872 6 Davenport Davenport NNP 34823 7872 7 ( ( -LRB- 34823 7872 8 _ _ NNP 34823 7872 9 Yale Yale NNP 34823 7872 10 Review Review NNP 34823 7872 11 _ _ NNP 34823 7872 12 , , , 34823 7872 13 Aug. August NNP 34823 7872 14 1910 1910 CD 34823 7872 15 ) ) -RRB- 34823 7872 16 , , , 34823 7872 17 in in IN 34823 7872 18 which which WDT 34823 7872 19 ordinary ordinary JJ 34823 7872 20 formulations formulation NNS 34823 7872 21 are be VBP 34823 7872 22 criticised criticise VBN 34823 7872 23 as as IN 34823 7872 24 assuming assume VBG 34823 7872 25 a a DT 34823 7872 26 " " `` 34823 7872 27 social social JJ 34823 7872 28 rate rate NN 34823 7872 29 " " '' 34823 7872 30 of of IN 34823 7872 31 interest interest NN 34823 7872 32 , , , 34823 7872 33 and and CC 34823 7872 34 in in IN 34823 7872 35 which which WDT 34823 7872 36 the the DT 34823 7872 37 effort effort NN 34823 7872 38 is be VBZ 34823 7872 39 made make VBN 34823 7872 40 to to TO 34823 7872 41 work work VB 34823 7872 42 the the DT 34823 7872 43 thing thing NN 34823 7872 44 out out RP 34823 7872 45 on on IN 34823 7872 46 the the DT 34823 7872 47 basis basis NN 34823 7872 48 of of IN 34823 7872 49 extreme extreme JJ 34823 7872 50 individualization individualization NN 34823 7872 51 , , , 34823 7872 52 each each DT 34823 7872 53 man man NN 34823 7872 54 having have VBG 34823 7872 55 a a DT 34823 7872 56 rate rate NN 34823 7872 57 of of IN 34823 7872 58 discount discount NN 34823 7872 59 of of IN 34823 7872 60 his -PRON- PRP$ 34823 7872 61 own own JJ 34823 7872 62 . . . 34823 7873 1 I -PRON- PRP 34823 7873 2 have have VBP 34823 7873 3 accepted accept VBN 34823 7873 4 the the DT 34823 7873 5 doctrine doctrine NN 34823 7873 6 in in IN 34823 7873 7 the the DT 34823 7873 8 general general JJ 34823 7873 9 form form NN 34823 7873 10 in in IN 34823 7873 11 which which WDT 34823 7873 12 it -PRON- PRP 34823 7873 13 has have VBZ 34823 7873 14 been be VBN 34823 7873 15 developed develop VBN 34823 7873 16 by by IN 34823 7873 17 Böhm Böhm NNP 34823 7873 18 - - HYPH 34823 7873 19 Bawerk Bawerk NNP 34823 7873 20 ( ( -LRB- 34823 7873 21 in in IN 34823 7873 22 criticism criticism NN 34823 7873 23 of of IN 34823 7873 24 Turgot Turgot NNP 34823 7873 25 and and CC 34823 7873 26 Henry Henry NNP 34823 7873 27 George George NNP 34823 7873 28 in in IN 34823 7873 29 his -PRON- PRP$ 34823 7873 30 _ _ NNP 34823 7873 31 Capital Capital NNP 34823 7873 32 and and CC 34823 7873 33 Interest Interest NNP 34823 7873 34 _ _ NNP 34823 7873 35 ) ) -RRB- 34823 7873 36 , , , 34823 7873 37 by by IN 34823 7873 38 Fetter Fetter NNP 34823 7873 39 , , , 34823 7873 40 in in IN 34823 7873 41 his -PRON- PRP$ 34823 7873 42 _ _ NNP 34823 7873 43 Principles Principles NNPS 34823 7873 44 of of IN 34823 7873 45 Economics Economics NNP 34823 7873 46 _ _ NNP 34823 7873 47 , , , 34823 7873 48 and and CC 34823 7873 49 by by IN 34823 7873 50 Fisher Fisher NNP 34823 7873 51 in in IN 34823 7873 52 his -PRON- PRP$ 34823 7873 53 _ _ NNP 34823 7873 54 Rate Rate NNP 34823 7873 55 of of IN 34823 7873 56 Interest Interest NNP 34823 7873 57 _ _ NNP 34823 7873 58 , , , 34823 7873 59 abstracting abstract VBG 34823 7873 60 from from IN 34823 7873 61 points point NNS 34823 7873 62 on on IN 34823 7873 63 which which WDT 34823 7873 64 these these DT 34823 7873 65 writers writer NNS 34823 7873 66 disagree disagree VBP 34823 7873 67 . . . 34823 7874 1 My -PRON- PRP$ 34823 7874 2 criticism criticism NN 34823 7874 3 of of IN 34823 7874 4 their -PRON- PRP$ 34823 7874 5 doctrines doctrine NNS 34823 7874 6 , , , 34823 7874 7 were be VBD 34823 7874 8 it -PRON- PRP 34823 7874 9 necessary necessary JJ 34823 7874 10 here here RB 34823 7874 11 to to TO 34823 7874 12 develop develop VB 34823 7874 13 it -PRON- PRP 34823 7874 14 , , , 34823 7874 15 would would MD 34823 7874 16 rest rest VB 34823 7874 17 on on IN 34823 7874 18 the the DT 34823 7874 19 ground ground NN 34823 7874 20 that that IN 34823 7874 21 their -PRON- PRP$ 34823 7874 22 treatment treatment NN 34823 7874 23 of of IN 34823 7874 24 the the DT 34823 7874 25 general general JJ 34823 7874 26 interest interest NN 34823 7874 27 problem problem NN 34823 7874 28 is be VBZ 34823 7874 29 too too RB 34823 7874 30 individualistic individualistic JJ 34823 7874 31 , , , 34823 7874 32 and and CC 34823 7874 33 I -PRON- PRP 34823 7874 34 should should MD 34823 7874 35 side side VB 34823 7874 36 with with IN 34823 7874 37 them -PRON- PRP 34823 7874 38 as as IN 34823 7874 39 against against IN 34823 7874 40 Scott Scott NNP 34823 7874 41 and and CC 34823 7874 42 Davenport Davenport NNP 34823 7874 43 . . . 34823 7875 1 But but CC 34823 7875 2 these these DT 34823 7875 3 matters matter NNS 34823 7875 4 are be VBP 34823 7875 5 aside aside RB 34823 7875 6 from from IN 34823 7875 7 our -PRON- PRP$ 34823 7875 8 present present JJ 34823 7875 9 problem problem NN 34823 7875 10 . . . 34823 7876 1 In in IN 34823 7876 2 our -PRON- PRP$ 34823 7876 3 chapter chapter NN 34823 7876 4 on on IN 34823 7876 5 " " `` 34823 7876 6 Marginal Marginal NNP 34823 7876 7 Utility Utility NNP 34823 7876 8 " " '' 34823 7876 9 we -PRON- PRP 34823 7876 10 shall shall MD 34823 7876 11 meet meet VB 34823 7876 12 the the DT 34823 7876 13 capitalization capitalization NN 34823 7876 14 theory theory NN 34823 7876 15 again again RB 34823 7876 16 , , , 34823 7876 17 as as IN 34823 7876 18 applied apply VBN 34823 7876 19 to to IN 34823 7876 20 the the DT 34823 7876 21 value value NN 34823 7876 22 of of IN 34823 7876 23 money money NN 34823 7876 24 by by IN 34823 7876 25 David David NNP 34823 7876 26 Kinley Kinley NNP 34823 7876 27 . . . 34823 7877 1 We -PRON- PRP 34823 7877 2 shall shall MD 34823 7877 3 also also RB 34823 7877 4 take take VB 34823 7877 5 it -PRON- PRP 34823 7877 6 up up RP 34823 7877 7 in in IN 34823 7877 8 the the DT 34823 7877 9 chapters chapter NNS 34823 7877 10 on on IN 34823 7877 11 " " `` 34823 7877 12 Dodo Dodo NNP 34823 7877 13 Bones Bones NNPS 34823 7877 14 , , , 34823 7877 15 " " '' 34823 7877 16 and and CC 34823 7877 17 " " `` 34823 7877 18 The the DT 34823 7877 19 Functions Functions NNPS 34823 7877 20 of of IN 34823 7877 21 Money Money NNP 34823 7877 22 . . . 34823 7877 23 " " '' 34823 7878 1 [ [ -LRB- 34823 7878 2 62 62 CD 34823 7878 3 ] ] -RRB- 34823 7878 4 _ _ NNP 34823 7878 5 Social Social NNP 34823 7878 6 Value Value NNP 34823 7878 7 _ _ NNP 34823 7878 8 , , , 34823 7878 9 chs chs NNP 34823 7878 10 . . . 34823 7879 1 3 3 CD 34823 7879 2 - - SYM 34823 7879 3 7 7 CD 34823 7879 4 . . . 34823 7880 1 The the DT 34823 7880 2 point point NN 34823 7880 3 is be VBZ 34823 7880 4 discussed discuss VBN 34823 7880 5 _ _ NNP 34823 7880 6 infra infra FW 34823 7880 7 _ _ NNP 34823 7880 8 in in IN 34823 7880 9 the the DT 34823 7880 10 present present JJ 34823 7880 11 chapter chapter NN 34823 7880 12 . . . 34823 7881 1 [ [ -LRB- 34823 7881 2 63 63 CD 34823 7881 3 ] ] -RRB- 34823 7881 4 Fisher Fisher NNP 34823 7881 5 , , , 34823 7881 6 I -PRON- PRP 34823 7881 7 , , , 34823 7881 8 _ _ NNP 34823 7881 9 Purchasing Purchasing NNP 34823 7881 10 Power Power NNP 34823 7881 11 of of IN 34823 7881 12 Money Money NNP 34823 7881 13 _ _ NNP 34823 7881 14 , , , 34823 7881 15 p. p. NN 34823 7881 16 32 32 CD 34823 7881 17 . . . 34823 7882 1 [ [ -LRB- 34823 7882 2 64 64 CD 34823 7882 3 ] ] -RRB- 34823 7882 4 Edition edition NN 34823 7882 5 of of IN 34823 7882 6 1903 1903 CD 34823 7882 7 . . . 34823 7883 1 [ [ -LRB- 34823 7883 2 65 65 CD 34823 7883 3 ] ] -RRB- 34823 7883 4 _ _ NNP 34823 7883 5 Cf Cf NNP 34823 7883 6 . . . 34823 7883 7 _ _ NNP 34823 7883 8 the the DT 34823 7883 9 chapter chapter NN 34823 7883 10 on on IN 34823 7883 11 " " `` 34823 7883 12 Dodo Dodo NNP 34823 7883 13 Bones Bones NNPS 34823 7883 14 , , , 34823 7883 15 " " '' 34823 7883 16 _ _ NNP 34823 7883 17 infra infra NNP 34823 7883 18 _ _ NNP 34823 7883 19 . . . 34823 7884 1 [ [ -LRB- 34823 7884 2 66 66 CD 34823 7884 3 ] ] -RRB- 34823 7884 4 _ _ NNP 34823 7884 5 Cf Cf NNP 34823 7884 6 . . . 34823 7884 7 _ _ NNP 34823 7884 8 Menger Menger NNP 34823 7884 9 's 's POS 34823 7884 10 art art NN 34823 7884 11 . . . 34823 7885 1 " " `` 34823 7885 2 Geld Geld NNP 34823 7885 3 , , , 34823 7885 4 " " '' 34823 7885 5 Conrad Conrad NNP 34823 7885 6 's 's POS 34823 7885 7 _ _ NNP 34823 7885 8 Handwörterbuch Handwörterbuch NNP 34823 7885 9 _ _ NNP 34823 7885 10 , , , 34823 7885 11 328 328 CD 34823 7885 12 , , , 34823 7885 13 3rd 3rd NNP 34823 7885 14 ed ed NNP 34823 7885 15 . . NNP 34823 7885 16 , , , 34823 7885 17 vol vol NNP 34823 7885 18 iv iv NNP 34823 7885 19 , , , 34823 7885 20 p. p. NN 34823 7885 21 566 566 CD 34823 7885 22 . . . 34823 7886 1 [ [ -LRB- 34823 7886 2 67 67 CD 34823 7886 3 ] ] -RRB- 34823 7886 4 _ _ NNP 34823 7886 5 Cf Cf NNP 34823 7886 6 . . . 34823 7886 7 _ _ NNP 34823 7886 8 Helfferich Helfferich NNP 34823 7886 9 , , , 34823 7886 10 _ _ NNP 34823 7886 11 Das Das NNP 34823 7886 12 Geld Geld NNP 34823 7886 13 _ _ NNP 34823 7886 14 , , , 34823 7886 15 ed ed NNP 34823 7886 16 . . . 34823 7887 1 1903 1903 CD 34823 7887 2 , , , 34823 7887 3 p. p. NN 34823 7887 4 480 480 CD 34823 7887 5 . . . 34823 7888 1 [ [ -LRB- 34823 7888 2 68 68 CD 34823 7888 3 ] ] -RRB- 34823 7888 4 Discussed discuss VBN 34823 7888 5 more more RBR 34823 7888 6 fully fully RB 34823 7888 7 _ _ NNP 34823 7888 8 infra infra NN 34823 7888 9 _ _ NNP 34823 7888 10 , , , 34823 7888 11 chapter chapter NN 34823 7888 12 on on IN 34823 7888 13 " " `` 34823 7888 14 Dodo Dodo NNP 34823 7888 15 Bones Bones NNPS 34823 7888 16 . . . 34823 7888 17 " " '' 34823 7889 1 [ [ -LRB- 34823 7889 2 69 69 CD 34823 7889 3 ] ] -RRB- 34823 7889 4 I -PRON- PRP 34823 7889 5 make make VBP 34823 7889 6 virtually virtually RB 34823 7889 7 no no DT 34823 7889 8 reference reference NN 34823 7889 9 to to IN 34823 7889 10 the the DT 34823 7889 11 " " `` 34823 7889 12 spoken spoken JJ 34823 7889 13 " " '' 34823 7889 14 part part NN 34823 7889 15 , , , 34823 7889 16 which which WDT 34823 7889 17 is be VBZ 34823 7889 18 chiefly chiefly RB 34823 7889 19 concerned concerned JJ 34823 7889 20 with with IN 34823 7889 21 index index NN 34823 7889 22 numbers number NNS 34823 7889 23 . . . 34823 7890 1 [ [ -LRB- 34823 7890 2 70 70 CD 34823 7890 3 ] ] -RRB- 34823 7890 4 Chapter chapter NN 34823 7890 5 on on IN 34823 7890 6 " " `` 34823 7890 7 Dodo Dodo NNP 34823 7890 8 Bones Bones NNPS 34823 7890 9 . . . 34823 7890 10 " " '' 34823 7891 1 [ [ -LRB- 34823 7891 2 71 71 CD 34823 7891 3 ] ] -RRB- 34823 7891 4 Chapter chapter NN 34823 7891 5 on on IN 34823 7891 6 " " `` 34823 7891 7 Barter Barter NNP 34823 7891 8 . . . 34823 7891 9 " " '' 34823 7892 1 [ [ -LRB- 34823 7892 2 72 72 CD 34823 7892 3 ] ] -RRB- 34823 7892 4 In in IN 34823 7892 5 its -PRON- PRP$ 34823 7892 6 psychological psychological JJ 34823 7892 7 explanation explanation NN 34823 7892 8 , , , 34823 7892 9 this this DT 34823 7892 10 bears bear VBZ 34823 7892 11 somewhat somewhat RB 34823 7892 12 the the DT 34823 7892 13 same same JJ 34823 7892 14 relation relation NN 34823 7892 15 to to IN 34823 7892 16 the the DT 34823 7892 17 social social JJ 34823 7892 18 value value NN 34823 7892 19 concept concept NN 34823 7892 20 of of IN 34823 7892 21 the the DT 34823 7892 22 present present JJ 34823 7892 23 writer writer NN 34823 7892 24 that that WDT 34823 7892 25 the the DT 34823 7892 26 social social JJ 34823 7892 27 mind mind NN 34823 7892 28 concept concept NN 34823 7892 29 of of IN 34823 7892 30 Giddings Giddings NNP 34823 7892 31 and and CC 34823 7892 32 Lewes Lewes NNP 34823 7892 33 bears bear VBZ 34823 7892 34 to to IN 34823 7892 35 the the DT 34823 7892 36 social social JJ 34823 7892 37 mind mind NN 34823 7892 38 concept concept NN 34823 7892 39 of of IN 34823 7892 40 the the DT 34823 7892 41 present present JJ 34823 7892 42 writer writer NN 34823 7892 43 . . . 34823 7893 1 _ _ NNP 34823 7893 2 Cf Cf NNP 34823 7893 3 . . NNP 34823 7893 4 _ _ NNP 34823 7893 5 _ _ NNP 34823 7893 6 Social Social NNP 34823 7893 7 Value Value NNP 34823 7893 8 _ _ NNP 34823 7893 9 , , , 34823 7893 10 ch ch NN 34823 7893 11 . . . 34823 7894 1 9 9 CD 34823 7894 2 . . . 34823 7895 1 Wieser Wieser NNP 34823 7895 2 's 's POS 34823 7895 3 concept concept NN 34823 7895 4 excludes exclude VBZ 34823 7895 5 individual individual JJ 34823 7895 6 peculiarities peculiarity NNS 34823 7895 7 . . . 34823 7896 1 It -PRON- PRP 34823 7896 2 is be VBZ 34823 7896 3 an an DT 34823 7896 4 abstraction abstraction NN 34823 7896 5 from from IN 34823 7896 6 individual individual JJ 34823 7896 7 values value NNS 34823 7896 8 , , , 34823 7896 9 a a DT 34823 7896 10 distillation distillation NN 34823 7896 11 of of IN 34823 7896 12 their -PRON- PRP$ 34823 7896 13 common common JJ 34823 7896 14 essence essence NN 34823 7896 15 . . . 34823 7897 1 The the DT 34823 7897 2 social social JJ 34823 7897 3 value value NN 34823 7897 4 concept concept NN 34823 7897 5 of of IN 34823 7897 6 the the DT 34823 7897 7 present present JJ 34823 7897 8 writer writer NN 34823 7897 9 is be VBZ 34823 7897 10 a a DT 34823 7897 11 focal focal JJ 34823 7897 12 point point NN 34823 7897 13 in in IN 34823 7897 14 which which WDT 34823 7897 15 are be VBP 34823 7897 16 summarized summarize VBN 34823 7897 17 all all PDT 34823 7897 18 the the DT 34823 7897 19 individual individual JJ 34823 7897 20 values value NNS 34823 7897 21 , , , 34823 7897 22 whether whether IN 34823 7897 23 alike alike JJ 34823 7897 24 or or CC 34823 7897 25 divergent divergent JJ 34823 7897 26 , , , 34823 7897 27 and and CC 34823 7897 28 not not RB 34823 7897 29 merely merely RB 34823 7897 30 the the DT 34823 7897 31 individual individual JJ 34823 7897 32 marginal marginal JJ 34823 7897 33 utilities utility NNS 34823 7897 34 of of IN 34823 7897 35 the the DT 34823 7897 36 goods good NNS 34823 7897 37 in in IN 34823 7897 38 question question NN 34823 7897 39 ( ( -LRB- 34823 7897 40 Wieser Wieser NNP 34823 7897 41 's 's POS 34823 7897 42 only only JJ 34823 7897 43 factors factor NNS 34823 7897 44 ) ) -RRB- 34823 7897 45 but but CC 34823 7897 46 also also RB 34823 7897 47 the the DT 34823 7897 48 individual individual JJ 34823 7897 49 emotions emotion NNS 34823 7897 50 which which WDT 34823 7897 51 affect affect VBP 34823 7897 52 the the DT 34823 7897 53 distribution distribution NN 34823 7897 54 of of IN 34823 7897 55 wealth wealth NN 34823 7897 56 . . . 34823 7898 1 Wieser Wieser NNP 34823 7898 2 's 's POS 34823 7898 3 concept concept NN 34823 7898 4 is be VBZ 34823 7898 5 based base VBN 34823 7898 6 on on IN 34823 7898 7 a a DT 34823 7898 8 study study NN 34823 7898 9 of of IN 34823 7898 10 individual individual JJ 34823 7898 11 marginal marginal JJ 34823 7898 12 utilities utility NNS 34823 7898 13 considered consider VBN 34823 7898 14 as as IN 34823 7898 15 atomic atomic JJ 34823 7898 16 elements element NNS 34823 7898 17 ; ; : 34823 7898 18 that that DT 34823 7898 19 of of IN 34823 7898 20 the the DT 34823 7898 21 present present JJ 34823 7898 22 writer writer NN 34823 7898 23 looks look VBZ 34823 7898 24 on on IN 34823 7898 25 the the DT 34823 7898 26 social social JJ 34823 7898 27 mind mind NN 34823 7898 28 as as IN 34823 7898 29 an an DT 34823 7898 30 organic organic JJ 34823 7898 31 whole whole NN 34823 7898 32 , , , 34823 7898 33 in in IN 34823 7898 34 which which WDT 34823 7898 35 individual individual JJ 34823 7898 36 mental mental JJ 34823 7898 37 processes process NNS 34823 7898 38 are be VBP 34823 7898 39 phases phase NNS 34823 7898 40 , , , 34823 7898 41 and and CC 34823 7898 42 does do VBZ 34823 7898 43 not not RB 34823 7898 44 try try VB 34823 7898 45 to to TO 34823 7898 46 synthesize synthesize VB 34823 7898 47 a a DT 34823 7898 48 social social JJ 34823 7898 49 value value NN 34823 7898 50 out out IN 34823 7898 51 of of IN 34823 7898 52 elements element NNS 34823 7898 53 , , , 34823 7898 54 but but CC 34823 7898 55 rather rather RB 34823 7898 56 , , , 34823 7898 57 to to TO 34823 7898 58 analyze analyze VB 34823 7898 59 it -PRON- PRP 34823 7898 60 into into IN 34823 7898 61 elements element NNS 34823 7898 62 . . . 34823 7899 1 In in IN 34823 7899 2 the the DT 34823 7899 3 function function NN 34823 7899 4 in in IN 34823 7899 5 economic economic JJ 34823 7899 6 theory theory NN 34823 7899 7 for for IN 34823 7899 8 which which WDT 34823 7899 9 they -PRON- PRP 34823 7899 10 are be VBP 34823 7899 11 destined destine VBN 34823 7899 12 , , , 34823 7899 13 however however RB 34823 7899 14 , , , 34823 7899 15 the the DT 34823 7899 16 two two CD 34823 7899 17 concepts concept NNS 34823 7899 18 have have VBP 34823 7899 19 much much JJ 34823 7899 20 in in IN 34823 7899 21 common common JJ 34823 7899 22 . . . 34823 7900 1 Both both DT 34823 7900 2 seek seek VBP 34823 7900 3 to to TO 34823 7900 4 be be VB 34823 7900 5 the the DT 34823 7900 6 fundamental fundamental JJ 34823 7900 7 economic economic JJ 34823 7900 8 quantity quantity NN 34823 7900 9 . . . 34823 7901 1 Both both DT 34823 7901 2 seek seek VBP 34823 7901 3 to to TO 34823 7901 4 be be VB 34823 7901 5 causal causal JJ 34823 7901 6 forces force NNS 34823 7901 7 , , , 34823 7901 8 lying lie VBG 34823 7901 9 behind behind IN 34823 7901 10 prices price NNS 34823 7901 11 , , , 34823 7901 12 even even RB 34823 7901 13 though though IN 34823 7901 14 expressed express VBN 34823 7901 15 in in IN 34823 7901 16 prices price NNS 34823 7901 17 ; ; : 34823 7901 18 both both DT 34823 7901 19 oppose oppose VBP 34823 7901 20 the the DT 34823 7901 21 conception conception NN 34823 7901 22 of of IN 34823 7901 23 value value NN 34823 7901 24 as as IN 34823 7901 25 merely merely RB 34823 7901 26 relative relative JJ 34823 7901 27 . . . 34823 7902 1 [ [ -LRB- 34823 7902 2 73 73 CD 34823 7902 3 ] ] -RRB- 34823 7902 4 _ _ NNP 34823 7902 5 Social Social NNP 34823 7902 6 Value Value NNP 34823 7902 7 _ _ NNP 34823 7902 8 , , , 34823 7902 9 chs chs NNP 34823 7902 10 . . . 34823 7903 1 5 5 CD 34823 7903 2 , , , 34823 7903 3 6 6 CD 34823 7903 4 , , , 34823 7903 5 7 7 CD 34823 7903 6 , , , 34823 7903 7 and and CC 34823 7903 8 13 13 CD 34823 7903 9 . . . 34823 7904 1 _ _ NNP 34823 7904 2 Infra Infra NNP 34823 7904 3 _ _ NNP 34823 7904 4 in in IN 34823 7904 5 the the DT 34823 7904 6 present present JJ 34823 7904 7 chapter chapter NN 34823 7904 8 . . . 34823 7905 1 [ [ -LRB- 34823 7905 2 74 74 CD 34823 7905 3 ] ] -RRB- 34823 7905 4 See see VB 34823 7905 5 especially especially RB 34823 7905 6 the the DT 34823 7905 7 chapter chapter NN 34823 7905 8 on on IN 34823 7905 9 " " `` 34823 7905 10 The the DT 34823 7905 11 Passiveness passiveness NN 34823 7905 12 of of IN 34823 7905 13 Prices price NNS 34823 7905 14 . . . 34823 7905 15 " " '' 34823 7906 1 [ [ -LRB- 34823 7906 2 75 75 CD 34823 7906 3 ] ] -RRB- 34823 7906 4 _ _ NNP 34823 7906 5 Cf Cf NNP 34823 7906 6 . . . 34823 7906 7 _ _ NNP 34823 7906 8 the the DT 34823 7906 9 writer writer NN 34823 7906 10 's 's POS 34823 7906 11 " " `` 34823 7906 12 Schumpeter Schumpeter NNP 34823 7906 13 's 's POS 34823 7906 14 Dynamic Dynamic NNP 34823 7906 15 Economics Economics NNP 34823 7906 16 , , , 34823 7906 17 " " '' 34823 7906 18 _ _ NNP 34823 7906 19 Political Political NNP 34823 7906 20 Science Science NNP 34823 7906 21 Quarterly Quarterly NNP 34823 7906 22 _ _ NNP 34823 7906 23 , , , 34823 7906 24 Dec. December NNP 34823 7906 25 1915 1915 CD 34823 7906 26 . . . 34823 7907 1 Schumpeter Schumpeter NNP 34823 7907 2 's 's POS 34823 7907 3 theory theory NN 34823 7907 4 , , , 34823 7907 5 as as IN 34823 7907 6 there there EX 34823 7907 7 presented present VBN 34823 7907 8 , , , 34823 7907 9 is be VBZ 34823 7907 10 based base VBN 34823 7907 11 on on IN 34823 7907 12 the the DT 34823 7907 13 brief brief JJ 34823 7907 14 discussion discussion NN 34823 7907 15 in in IN 34823 7907 16 his -PRON- PRP$ 34823 7907 17 _ _ NNP 34823 7907 18 Theorie Theorie NNP 34823 7907 19 der der NN 34823 7907 20 wirtschaftlichen wirtschaftlichen NNP 34823 7907 21 Entwicklung Entwicklung NNP 34823 7907 22 _ _ NNP 34823 7907 23 ( ( -LRB- 34823 7907 24 Leipzig Leipzig NNP 34823 7907 25 , , , 34823 7907 26 1912 1912 CD 34823 7907 27 ) ) -RRB- 34823 7907 28 , , , 34823 7907 29 pp pp NNP 34823 7907 30 . . . 34823 7908 1 61 61 CD 34823 7908 2 et et NN 34823 7908 3 seq seq NN 34823 7908 4 . . . 34823 7908 5 , , , 34823 7908 6 105 105 CD 34823 7908 7 , , , 34823 7908 8 166 166 CD 34823 7908 9 - - SYM 34823 7908 10 667 667 CD 34823 7908 11 , , , 34823 7908 12 116 116 CD 34823 7908 13 , , , 34823 7908 14 464 464 CD 34823 7908 15 , , , 34823 7908 16 and and CC 34823 7908 17 on on IN 34823 7908 18 Schumpeter Schumpeter NNP 34823 7908 19 's 's POS 34823 7908 20 verbal verbal JJ 34823 7908 21 expositions exposition NNS 34823 7908 22 of of IN 34823 7908 23 the the DT 34823 7908 24 theory theory NN 34823 7908 25 during during IN 34823 7908 26 his -PRON- PRP$ 34823 7908 27 American american JJ 34823 7908 28 trip trip NN 34823 7908 29 . . . 34823 7909 1 Since since IN 34823 7909 2 that that DT 34823 7909 3 account account NN 34823 7909 4 was be VBD 34823 7909 5 published publish VBN 34823 7909 6 , , , 34823 7909 7 Professor Professor NNP 34823 7909 8 W. W. NNP 34823 7909 9 C. C. NNP 34823 7909 10 Mitchell Mitchell NNP 34823 7909 11 has have VBZ 34823 7909 12 given give VBN 34823 7909 13 an an DT 34823 7909 14 account account NN 34823 7909 15 of of IN 34823 7909 16 Schumpeter Schumpeter NNP 34823 7909 17 's 's POS 34823 7909 18 doctrine doctrine NN 34823 7909 19 , , , 34823 7909 20 based base VBN 34823 7909 21 on on IN 34823 7909 22 the the DT 34823 7909 23 fuller full JJR 34823 7909 24 discussion discussion NN 34823 7909 25 in in IN 34823 7909 26 Schumpeter Schumpeter NNP 34823 7909 27 's 's POS 34823 7909 28 _ _ NNP 34823 7909 29 Wesen Wesen NNP 34823 7909 30 und und NN 34823 7909 31 Hauptinhalt Hauptinhalt NNP 34823 7909 32 der der NN 34823 7909 33 theoretischen theoretischen RB 34823 7909 34 Nationalökonomie Nationalökonomie NNP 34823 7909 35 _ _ NNP 34823 7909 36 , , , 34823 7909 37 which which WDT 34823 7909 38 is be VBZ 34823 7909 39 in in IN 34823 7909 40 accord accord NN 34823 7909 41 with with IN 34823 7909 42 the the DT 34823 7909 43 account account NN 34823 7909 44 here here RB 34823 7909 45 given give VBN 34823 7909 46 . . . 34823 7910 1 ( ( -LRB- 34823 7910 2 Mitchell Mitchell NNP 34823 7910 3 , , , 34823 7910 4 in in IN 34823 7910 5 _ _ NNP 34823 7910 6 Papers Papers NNPS 34823 7910 7 and and CC 34823 7910 8 Proceedings Proceedings NNPS 34823 7910 9 _ _ NNP 34823 7910 10 , , , 34823 7910 11 Supplement Supplement NNP 34823 7910 12 to to IN 34823 7910 13 March March NNP 34823 7910 14 , , , 34823 7910 15 1916 1916 CD 34823 7910 16 , , , 34823 7910 17 _ _ NNP 34823 7910 18 American American NNP 34823 7910 19 Econ Econ NNP 34823 7910 20 . . . 34823 7911 1 Rev. Rev. NNP 34823 7911 2 _ _ NNP 34823 7911 3 , , , 34823 7911 4 p. p. NN 34823 7912 1 150 150 CD 34823 7912 2 . . . 34823 7912 3 ) ) -RRB- 34823 7913 1 Mitchell Mitchell NNP 34823 7913 2 attributes attribute VBZ 34823 7913 3 the the DT 34823 7913 4 essential essential JJ 34823 7913 5 elements element NNS 34823 7913 6 of of IN 34823 7913 7 Schumpeter Schumpeter NNP 34823 7913 8 's 's POS 34823 7913 9 theory theory NN 34823 7913 10 to to IN 34823 7913 11 Walras Walras NNP 34823 7913 12 . . . 34823 7914 1 The the DT 34823 7914 2 first first JJ 34823 7914 3 exposition exposition NN 34823 7914 4 in in IN 34823 7914 5 English English NNP 34823 7914 6 of of IN 34823 7914 7 the the DT 34823 7914 8 conception conception NN 34823 7914 9 , , , 34823 7914 10 so so RB 34823 7914 11 far far RB 34823 7914 12 as as IN 34823 7914 13 the the DT 34823 7914 14 present present JJ 34823 7914 15 writer writer NN 34823 7914 16 is be VBZ 34823 7914 17 aware aware JJ 34823 7914 18 , , , 34823 7914 19 is be VBZ 34823 7914 20 in in IN 34823 7914 21 Irving Irving NNP 34823 7914 22 Fisher Fisher NNP 34823 7914 23 's 's POS 34823 7914 24 _ _ NNP 34823 7914 25 Mathematical Mathematical NNP 34823 7914 26 Investigations Investigations NNPS 34823 7914 27 in in IN 34823 7914 28 the the DT 34823 7914 29 Theory Theory NNP 34823 7914 30 of of IN 34823 7914 31 Value Value NNP 34823 7914 32 and and CC 34823 7914 33 Prices Prices NNPS 34823 7914 34 _ _ NNP 34823 7914 35 , , , 34823 7914 36 _ _ NNP 34823 7914 37 Trans Trans NNP 34823 7914 38 . . . 34823 7915 1 Conn. Connecticut NNP 34823 7915 2 Acad Acad NNP 34823 7915 3 . . . 34823 7916 1 of of IN 34823 7916 2 Arts Arts NNPS 34823 7916 3 and and CC 34823 7916 4 Sciences Sciences NNPS 34823 7916 5 _ _ NNP 34823 7916 6 , , , 34823 7916 7 1892 1892 CD 34823 7916 8 . . . 34823 7917 1 Professor Professor NNP 34823 7917 2 Fisher Fisher NNP 34823 7917 3 , , , 34823 7917 4 in in IN 34823 7917 5 his -PRON- PRP$ 34823 7917 6 preface preface NN 34823 7917 7 , , , 34823 7917 8 accords accord NNS 34823 7917 9 priority priority NN 34823 7917 10 to to IN 34823 7917 11 Jevons Jevons NNP 34823 7917 12 , , , 34823 7917 13 Auspitz Auspitz NNP 34823 7917 14 and and CC 34823 7917 15 Lieben Lieben NNP 34823 7917 16 , , , 34823 7917 17 and and CC 34823 7917 18 to to IN 34823 7917 19 Walras Walras NNP 34823 7917 20 . . . 34823 7918 1 The the DT 34823 7918 2 conception conception NN 34823 7918 3 is be VBZ 34823 7918 4 not not RB 34823 7918 5 to to TO 34823 7918 6 be be VB 34823 7918 7 found find VBN 34823 7918 8 in in IN 34823 7918 9 Jevons Jevons NNP 34823 7918 10 , , , 34823 7918 11 though though IN 34823 7918 12 many many JJ 34823 7918 13 of of IN 34823 7918 14 the the DT 34823 7918 15 ideas idea NNS 34823 7918 16 involved involve VBN 34823 7918 17 in in IN 34823 7918 18 it -PRON- PRP 34823 7918 19 are be VBP 34823 7918 20 . . . 34823 7919 1 The the DT 34823 7919 2 first first JJ 34823 7919 3 non non JJ 34823 7919 4 - - JJ 34823 7919 5 mathematical mathematical JJ 34823 7919 6 exposition exposition NN 34823 7919 7 of of IN 34823 7919 8 the the DT 34823 7919 9 doctrine doctrine NN 34823 7919 10 , , , 34823 7919 11 so so RB 34823 7919 12 far far RB 34823 7919 13 as as IN 34823 7919 14 I -PRON- PRP 34823 7919 15 know know VBP 34823 7919 16 , , , 34823 7919 17 is be VBZ 34823 7919 18 by by IN 34823 7919 19 Schumpeter Schumpeter NNP 34823 7919 20 . . . 34823 7920 1 As as IN 34823 7920 2 will will MD 34823 7920 3 be be VB 34823 7920 4 made make VBN 34823 7920 5 clear clear JJ 34823 7920 6 in in IN 34823 7920 7 a a DT 34823 7920 8 footnote footnote NN 34823 7920 9 at at IN 34823 7920 10 the the DT 34823 7920 11 end end NN 34823 7920 12 of of IN 34823 7920 13 the the DT 34823 7920 14 present present JJ 34823 7920 15 chapter chapter NN 34823 7920 16 , , , 34823 7920 17 neither neither CC 34823 7920 18 Wicksteed Wicksteed NNP 34823 7920 19 nor nor CC 34823 7920 20 Davenport Davenport NNP 34823 7920 21 has have VBZ 34823 7920 22 really really RB 34823 7920 23 forced force VBN 34823 7920 24 the the DT 34823 7920 25 problem problem NN 34823 7920 26 through through RP 34823 7920 27 , , , 34823 7920 28 to to IN 34823 7920 29 the the DT 34823 7920 30 full full JJ 34823 7920 31 equilibrium equilibrium NN 34823 7920 32 picture picture NN 34823 7920 33 , , , 34823 7920 34 and and CC 34823 7920 35 neither neither DT 34823 7920 36 has have VBZ 34823 7920 37 escaped escape VBN 34823 7920 38 the the DT 34823 7920 39 Austrian austrian JJ 34823 7920 40 circle circle NN 34823 7920 41 . . . 34823 7921 1 I -PRON- PRP 34823 7921 2 do do VBP 34823 7921 3 not not RB 34823 7921 4 concur concur VB 34823 7921 5 with with IN 34823 7921 6 Professor Professor NNP 34823 7921 7 Mitchell Mitchell NNP 34823 7921 8 's 's POS 34823 7921 9 interpretation interpretation NN 34823 7921 10 of of IN 34823 7921 11 Wicksteed Wicksteed NNP 34823 7921 12 on on IN 34823 7921 13 this this DT 34823 7921 14 point point NN 34823 7921 15 . . . 34823 7922 1 It -PRON- PRP 34823 7922 2 may may MD 34823 7922 3 well well RB 34823 7922 4 be be VB 34823 7922 5 that that RB 34823 7922 6 mathematical mathematical JJ 34823 7922 7 method method NN 34823 7922 8 , , , 34823 7922 9 with with IN 34823 7922 10 a a DT 34823 7922 11 system system NN 34823 7922 12 of of IN 34823 7922 13 simultaneous simultaneous JJ 34823 7922 14 equations equation NNS 34823 7922 15 , , , 34823 7922 16 was be VBD 34823 7922 17 necessary necessary JJ 34823 7922 18 for for IN 34823 7922 19 the the DT 34823 7922 20 development development NN 34823 7922 21 of of IN 34823 7922 22 the the DT 34823 7922 23 idea idea NN 34823 7922 24 . . . 34823 7923 1 If if IN 34823 7923 2 so so RB 34823 7923 3 , , , 34823 7923 4 it -PRON- PRP 34823 7923 5 illustrates illustrate VBZ 34823 7923 6 both both DT 34823 7923 7 the the DT 34823 7923 8 strength strength NN 34823 7923 9 and and CC 34823 7923 10 the the DT 34823 7923 11 weakness weakness NN 34823 7923 12 of of IN 34823 7923 13 mathematical mathematical JJ 34823 7923 14 economic economic JJ 34823 7923 15 theory theory NN 34823 7923 16 : : : 34823 7923 17 it -PRON- PRP 34823 7923 18 clarifies clarify VBZ 34823 7923 19 thinking think VBG 34823 7923 20 , , , 34823 7923 21 but but CC 34823 7923 22 it -PRON- PRP 34823 7923 23 gets get VBZ 34823 7923 24 no no DT 34823 7923 25 causal causal JJ 34823 7923 26 theory theory NN 34823 7923 27 ! ! . 34823 7924 1 At at IN 34823 7924 2 all all DT 34823 7924 3 events event NNS 34823 7924 4 , , , 34823 7924 5 no no DT 34823 7924 6 causal causal JJ 34823 7924 7 theory theory NN 34823 7924 8 emerges emerge VBZ 34823 7924 9 in in IN 34823 7924 10 this this DT 34823 7924 11 case case NN 34823 7924 12 . . . 34823 7925 1 [ [ -LRB- 34823 7925 2 76 76 CD 34823 7925 3 ] ] -RRB- 34823 7925 4 _ _ NNP 34823 7925 5 Positive Positive NNP 34823 7925 6 Theory Theory NNP 34823 7925 7 of of IN 34823 7925 8 Capital Capital NNP 34823 7925 9 _ _ NNP 34823 7925 10 , , , 34823 7925 11 Bk Bk NNP 34823 7925 12 . . . 34823 7926 1 IV IV NNP 34823 7926 2 , , , 34823 7926 3 and and CC 34823 7926 4 _ _ NNP 34823 7926 5 Grundzüge Grundzüge NNP 34823 7926 6 der der VBP 34823 7926 7 Theorie Theorie NNP 34823 7926 8 des des NNP 34823 7926 9 wirtschaftlichen wirtschaftlichen NNP 34823 7926 10 Güterwerts Güterwerts NNP 34823 7926 11 _ _ NNP 34823 7926 12 , , , 34823 7926 13 in in IN 34823 7926 14 Conrad Conrad NNP 34823 7926 15 's 's POS 34823 7926 16 _ _ NNP 34823 7926 17 Jahrbücher Jahrbücher NNP 34823 7926 18 _ _ NNP 34823 7926 19 , , , 34823 7926 20 1886 1886 CD 34823 7926 21 . . . 34823 7927 1 The the DT 34823 7927 2 writer writer NN 34823 7927 3 who who WP 34823 7927 4 would would MD 34823 7927 5 adhere adhere VB 34823 7927 6 to to IN 34823 7927 7 Schumpeter Schumpeter NNP 34823 7927 8 's 's POS 34823 7927 9 doctrine doctrine NN 34823 7927 10 must must MD 34823 7927 11 give give VB 34823 7927 12 up up RP 34823 7927 13 all all DT 34823 7927 14 notion notion NN 34823 7927 15 that that IN 34823 7927 16 any any DT 34823 7927 17 individual individual JJ 34823 7927 18 occupies occupy VBZ 34823 7927 19 a a DT 34823 7927 20 critical critical JJ 34823 7927 21 " " `` 34823 7927 22 marginal marginal JJ 34823 7927 23 " " '' 34823 7927 24 position position NN 34823 7927 25 . . . 34823 7928 1 All all DT 34823 7928 2 men man NNS 34823 7928 3 are be VBP 34823 7928 4 equally equally RB 34823 7928 5 marginal marginal JJ 34823 7928 6 in in IN 34823 7928 7 Schumpeter Schumpeter NNP 34823 7928 8 's 's POS 34823 7928 9 scheme scheme NN 34823 7928 10 . . . 34823 7929 1 [ [ -LRB- 34823 7929 2 77 77 CD 34823 7929 3 ] ] -RRB- 34823 7929 4 _ _ NNP 34823 7929 5 Positive Positive NNP 34823 7929 6 Theory Theory NNP 34823 7929 7 of of IN 34823 7929 8 Capital Capital NNP 34823 7929 9 _ _ NNP 34823 7929 10 , , , 34823 7929 11 p. p. NN 34823 7929 12 156 156 CD 34823 7929 13 . . . 34823 7930 1 [ [ -LRB- 34823 7930 2 78 78 CD 34823 7930 3 ] ] -RRB- 34823 7930 4 Schumpeter Schumpeter NNP 34823 7930 5 's 's POS 34823 7930 6 scheme scheme NN 34823 7930 7 gives give VBZ 34823 7930 8 no no DT 34823 7930 9 money money NN 34823 7930 10 - - HYPH 34823 7930 11 prices price NNS 34823 7930 12 . . . 34823 7931 1 No no DT 34823 7931 2 form form NN 34823 7931 3 of of IN 34823 7931 4 this this DT 34823 7931 5 scheme scheme NN 34823 7931 6 gives give VBZ 34823 7931 7 any any DT 34823 7931 8 quantitative quantitative JJ 34823 7931 9 values value NNS 34823 7931 10 . . . 34823 7932 1 Nothing nothing NN 34823 7932 2 but but IN 34823 7932 3 ratios ratio NNS 34823 7932 4 can can MD 34823 7932 5 come come VB 34823 7932 6 from from IN 34823 7932 7 it -PRON- PRP 34823 7932 8 . . . 34823 7933 1 [ [ -LRB- 34823 7933 2 79 79 CD 34823 7933 3 ] ] -RRB- 34823 7933 4 _ _ NNP 34823 7933 5 Supra Supra NNP 34823 7933 6 _ _ NNP 34823 7933 7 , , , 34823 7933 8 chs chs NNP 34823 7933 9 . . . 34823 7934 1 on on IN 34823 7934 2 " " `` 34823 7934 3 Value Value NNP 34823 7934 4 " " '' 34823 7934 5 and and CC 34823 7934 6 " " `` 34823 7934 7 Supply Supply NNP 34823 7934 8 and and CC 34823 7934 9 Demand demand NN 34823 7934 10 . . . 34823 7934 11 " " '' 34823 7935 1 [ [ -LRB- 34823 7935 2 80 80 CD 34823 7935 3 ] ] -RRB- 34823 7935 4 See see VB 34823 7935 5 , , , 34823 7935 6 _ _ NNP 34823 7935 7 infra infra NNP 34823 7935 8 _ _ NNP 34823 7935 9 , , , 34823 7935 10 the the DT 34823 7935 11 chapters chapter NNS 34823 7935 12 on on IN 34823 7935 13 " " `` 34823 7935 14 Volume Volume NNP 34823 7935 15 of of IN 34823 7935 16 Money money NN 34823 7935 17 and and CC 34823 7935 18 Volume Volume NNP 34823 7935 19 of of IN 34823 7935 20 Trade Trade NNP 34823 7935 21 , , , 34823 7935 22 " " '' 34823 7935 23 and and CC 34823 7935 24 " " `` 34823 7935 25 The the DT 34823 7935 26 Functions Functions NNPS 34823 7935 27 of of IN 34823 7935 28 Money Money NNP 34823 7935 29 . . . 34823 7935 30 " " '' 34823 7936 1 [ [ -LRB- 34823 7936 2 81 81 CD 34823 7936 3 ] ] -RRB- 34823 7936 4 _ _ NNP 34823 7936 5 Infra Infra NNP 34823 7936 6 _ _ NNP 34823 7936 7 , , , 34823 7936 8 chs chs NNP 34823 7936 9 . . . 34823 7937 1 on on IN 34823 7937 2 " " `` 34823 7937 3 Origin Origin NNP 34823 7937 4 of of IN 34823 7937 5 Money Money NNP 34823 7937 6 , , , 34823 7937 7 " " '' 34823 7937 8 " " `` 34823 7937 9 Functions function NNS 34823 7937 10 of of IN 34823 7937 11 Money money NN 34823 7937 12 , , , 34823 7937 13 " " '' 34823 7937 14 and and CC 34823 7937 15 " " `` 34823 7937 16 Credit Credit NNP 34823 7937 17 . . . 34823 7937 18 " " '' 34823 7938 1 [ [ -LRB- 34823 7938 2 82 82 CD 34823 7938 3 ] ] -RRB- 34823 7938 4 _ _ NNP 34823 7938 5 Supra Supra NNP 34823 7938 6 _ _ NNP 34823 7938 7 , , , 34823 7938 8 ch ch NN 34823 7938 9 . . . 34823 7939 1 on on IN 34823 7939 2 " " `` 34823 7939 3 Supply Supply NNP 34823 7939 4 and and CC 34823 7939 5 Demand demand NN 34823 7939 6 . . . 34823 7939 7 " " '' 34823 7940 1 [ [ -LRB- 34823 7940 2 83 83 CD 34823 7940 3 ] ] -RRB- 34823 7940 4 See see VB 34823 7940 5 note note NN 34823 7940 6 at at IN 34823 7940 7 the the DT 34823 7940 8 end end NN 34823 7940 9 of of IN 34823 7940 10 this this DT 34823 7940 11 chapter chapter NN 34823 7940 12 . . . 34823 7941 1 [ [ -LRB- 34823 7941 2 84 84 CD 34823 7941 3 ] ] -RRB- 34823 7941 4 _ _ NNP 34823 7941 5 Supra Supra NNP 34823 7941 6 _ _ NNP 34823 7941 7 , , , 34823 7941 8 chapter chapter NN 34823 7941 9 on on IN 34823 7941 10 " " `` 34823 7941 11 Cost cost NN 34823 7941 12 of of IN 34823 7941 13 Production production NN 34823 7941 14 . . . 34823 7941 15 " " '' 34823 7942 1 [ [ -LRB- 34823 7942 2 85 85 CD 34823 7942 3 ] ] -RRB- 34823 7942 4 That that IN 34823 7942 5 this this DT 34823 7942 6 is be VBZ 34823 7942 7 wholly wholly RB 34823 7942 8 alien alien JJ 34823 7942 9 to to IN 34823 7942 10 Böhm Böhm NNP 34823 7942 11 - - HYPH 34823 7942 12 Bawerk Bawerk NNP 34823 7942 13 's 's POS 34823 7942 14 thought thought NN 34823 7942 15 is be VBZ 34823 7942 16 sufficiently sufficiently RB 34823 7942 17 indicated indicate VBN 34823 7942 18 by by IN 34823 7942 19 Böhm Böhm NNP 34823 7942 20 - - HYPH 34823 7942 21 Bawerk Bawerk NNP 34823 7942 22 's 's POS 34823 7942 23 vigorous vigorous JJ 34823 7942 24 criticism criticism NN 34823 7942 25 of of IN 34823 7942 26 Professor Professor NNP 34823 7942 27 J. J. NNP 34823 7943 1 B. B. NNP 34823 7943 2 Clark Clark NNP 34823 7943 3 , , , 34823 7943 4 in in IN 34823 7943 5 " " `` 34823 7943 6 The the DT 34823 7943 7 Ultimate ultimate JJ 34823 7943 8 Standard Standard NNP 34823 7943 9 of of IN 34823 7943 10 Value Value NNP 34823 7943 11 , , , 34823 7943 12 " " '' 34823 7943 13 _ _ NNP 34823 7943 14 Annals Annals NNPS 34823 7943 15 of of IN 34823 7943 16 the the DT 34823 7943 17 American American NNP 34823 7943 18 Academy Academy NNP 34823 7943 19 _ _ NNP 34823 7943 20 , , , 34823 7943 21 vol vol NNP 34823 7943 22 . . . 34823 7944 1 v v LS 34823 7944 2 , , , 34823 7944 3 pp pp NNP 34823 7944 4 . . . 34823 7945 1 149 149 CD 34823 7945 2 - - SYM 34823 7945 3 209 209 CD 34823 7945 4 . . . 34823 7946 1 It -PRON- PRP 34823 7946 2 may may MD 34823 7946 3 be be VB 34823 7946 4 noticed notice VBN 34823 7946 5 that that IN 34823 7946 6 Schumpeter Schumpeter NNP 34823 7946 7 makes make VBZ 34823 7946 8 use use NN 34823 7946 9 of of IN 34823 7946 10 Menger Menger NNP 34823 7946 11 's 's POS 34823 7946 12 and and CC 34823 7946 13 Böhm Böhm NNP 34823 7946 14 - - HYPH 34823 7946 15 Bawerk Bawerk NNP 34823 7946 16 's 's POS 34823 7946 17 general general JJ 34823 7946 18 doctrine doctrine NN 34823 7946 19 of of IN 34823 7946 20 imputation imputation NN 34823 7946 21 of of IN 34823 7946 22 the the DT 34823 7946 23 value value NN 34823 7946 24 of of IN 34823 7946 25 goods good NNS 34823 7946 26 of of IN 34823 7946 27 the the DT 34823 7946 28 first first JJ 34823 7946 29 order order NN 34823 7946 30 to to IN 34823 7946 31 goods good NNS 34823 7946 32 of of IN 34823 7946 33 higher high JJR 34823 7946 34 orders order NNS 34823 7946 35 , , , 34823 7946 36 without without IN 34823 7946 37 seeing see VBG 34823 7946 38 that that IN 34823 7946 39 his -PRON- PRP$ 34823 7946 40 equilibrium equilibrium NN 34823 7946 41 picture picture NN 34823 7946 42 gives give VBZ 34823 7946 43 no no DT 34823 7946 44 basis basis NN 34823 7946 45 for for IN 34823 7946 46 such such PDT 34823 7946 47 a a DT 34823 7946 48 procedure procedure NN 34823 7946 49 . . . 34823 7947 1 [ [ -LRB- 34823 7947 2 86 86 CD 34823 7947 3 ] ] -RRB- 34823 7947 4 _ _ NNP 34823 7947 5 Cf Cf NNP 34823 7947 6 . . . 34823 7947 7 _ _ NNP 34823 7947 8 comments comment NNS 34823 7947 9 on on IN 34823 7947 10 Professor Professor NNP 34823 7947 11 R. R. NNP 34823 7947 12 B. B. NNP 34823 7947 13 Perry Perry NNP 34823 7947 14 's 's POS 34823 7947 15 view view NN 34823 7947 16 , , , 34823 7947 17 in in IN 34823 7947 18 the the DT 34823 7947 19 long long JJ 34823 7947 20 note note NN 34823 7947 21 at at IN 34823 7947 22 the the DT 34823 7947 23 end end NN 34823 7947 24 of of IN 34823 7947 25 this this DT 34823 7947 26 chapter chapter NN 34823 7947 27 . . . 34823 7948 1 [ [ -LRB- 34823 7948 2 87 87 CD 34823 7948 3 ] ] -RRB- 34823 7948 4 _ _ NNP 34823 7948 5 Cf Cf NNP 34823 7948 6 . . . 34823 7948 7 _ _ NNP 34823 7948 8 Böhm Böhm NNP 34823 7948 9 - - HYPH 34823 7948 10 Bawerk Bawerk NNP 34823 7948 11 , , , 34823 7948 12 _ _ NNP 34823 7948 13 Grundzüge Grundzüge NNP 34823 7948 14 _ _ NNP 34823 7948 15 , , , 34823 7948 16 etc etc FW 34823 7948 17 . . . 34823 7949 1 ( ( -LRB- 34823 7949 2 _ _ NNP 34823 7949 3 loc loc NN 34823 7949 4 . . . 34823 7950 1 cit cit NNP 34823 7950 2 . . . 34823 7950 3 _ _ NNP 34823 7950 4 ) ) -RRB- 34823 7950 5 , , , 34823 7950 6 pp pp NNP 34823 7950 7 . . . 34823 7951 1 5 5 CD 34823 7951 2 , , , 34823 7951 3 478 478 CD 34823 7951 4 , , , 34823 7951 5 n. n. NN 34823 7951 6 ; ; : 34823 7951 7 _ _ NNP 34823 7951 8 Social Social NNP 34823 7951 9 Value Value NNP 34823 7951 10 _ _ NNP 34823 7951 11 , , , 34823 7951 12 chs chs NNP 34823 7951 13 . . . 34823 7952 1 2 2 CD 34823 7952 2 and and CC 34823 7952 3 11 11 CD 34823 7952 4 ; ; : 34823 7952 5 J. J. NNP 34823 7952 6 M. M. NNP 34823 7952 7 Clark Clark NNP 34823 7952 8 and and CC 34823 7952 9 B. B. NNP 34823 7952 10 M. M. NNP 34823 7952 11 Anderson Anderson NNP 34823 7952 12 , , , 34823 7952 13 Jr. Jr. NNP 34823 7952 14 , , , 34823 7952 15 in in IN 34823 7952 16 _ _ NNP 34823 7952 17 Quarterly Quarterly NNP 34823 7952 18 Journal Journal NNP 34823 7952 19 of of IN 34823 7952 20 Economics Economics NNP 34823 7952 21 _ _ NNP 34823 7952 22 , , , 34823 7952 23 1915 1915 CD 34823 7952 24 - - HYPH 34823 7952 25 -"The -"the JJ 34823 7952 26 Concept Concept NNP 34823 7952 27 of of IN 34823 7952 28 Value Value NNP 34823 7952 29 . . . 34823 7952 30 " " '' 34823 7953 1 I -PRON- PRP 34823 7953 2 may may MD 34823 7953 3 add add VB 34823 7953 4 that that IN 34823 7953 5 this this DT 34823 7953 6 equilibrium equilibrium NN 34823 7953 7 scheme scheme NN 34823 7953 8 is be VBZ 34823 7953 9 , , , 34823 7953 10 in in IN 34823 7953 11 my -PRON- PRP$ 34823 7953 12 judgment judgment NN 34823 7953 13 , , , 34823 7953 14 equally equally RB 34823 7953 15 useless useless JJ 34823 7953 16 as as IN 34823 7953 17 the the DT 34823 7953 18 basis basis NN 34823 7953 19 of of IN 34823 7953 20 a a DT 34823 7953 21 hedonistic hedonistic JJ 34823 7953 22 theory theory NN 34823 7953 23 of of IN 34823 7953 24 _ _ NNP 34823 7953 25 welfare welfare NN 34823 7953 26 _ _ NNP 34823 7953 27 , , , 34823 7953 28 since since IN 34823 7953 29 it -PRON- PRP 34823 7953 30 is be VBZ 34823 7953 31 _ _ NNP 34823 7953 32 absolute absolute JJ 34823 7953 33 _ _ NNP 34823 7953 34 amounts amount NNS 34823 7953 35 of of IN 34823 7953 36 utility utility NN 34823 7953 37 that that WDT 34823 7953 38 are be VBP 34823 7953 39 significant significant JJ 34823 7953 40 there there RB 34823 7953 41 . . . 34823 7954 1 [ [ -LRB- 34823 7954 2 88 88 CD 34823 7954 3 ] ] -RRB- 34823 7954 4 _ _ NNP 34823 7954 5 Theorie Theorie NNP 34823 7954 6 der der NN 34823 7954 7 wirtschaftlichen wirtschaftlichen NNP 34823 7954 8 Entwicklung Entwicklung NNP 34823 7954 9 _ _ NNP 34823 7954 10 , , , 34823 7954 11 pp pp NNP 34823 7954 12 . . . 34823 7955 1 83 83 CD 34823 7955 2 - - SYM 34823 7955 3 84 84 CD 34823 7955 4 . . . 34823 7956 1 [ [ -LRB- 34823 7956 2 89 89 CD 34823 7956 3 ] ] -RRB- 34823 7956 4 _ _ NNP 34823 7956 5 Loc Loc NNP 34823 7956 6 . . . 34823 7957 1 cit cit NNP 34823 7957 2 . . . 34823 7957 3 _ _ NNP 34823 7957 4 , , , 34823 7957 5 ch ch NN 34823 7957 6 . . . 34823 7958 1 3 3 LS 34823 7958 2 , , , 34823 7958 3 part part NN 34823 7958 4 ii ii NNP 34823 7958 5 . . . 34823 7959 1 [ [ -LRB- 34823 7959 2 90 90 CD 34823 7959 3 ] ] -RRB- 34823 7959 4 _ _ NNP 34823 7959 5 Ibid Ibid NNP 34823 7959 6 . . . 34823 7959 7 _ _ NNP 34823 7959 8 , , , 34823 7959 9 p. p. NN 34823 7959 10 199 199 CD 34823 7959 11 . . . 34823 7960 1 [ [ -LRB- 34823 7960 2 91 91 CD 34823 7960 3 ] ] -RRB- 34823 7960 4 For for IN 34823 7960 5 the the DT 34823 7960 6 assimilation assimilation NN 34823 7960 7 of of IN 34823 7960 8 credit credit NN 34823 7960 9 phenomena phenomenon NNS 34823 7960 10 to to IN 34823 7960 11 the the DT 34823 7960 12 general general JJ 34823 7960 13 phenomena phenomena NN 34823 7960 14 of of IN 34823 7960 15 value value NN 34823 7960 16 , , , 34823 7960 17 by by IN 34823 7960 18 means mean NNS 34823 7960 19 of of IN 34823 7960 20 the the DT 34823 7960 21 social social JJ 34823 7960 22 value value NN 34823 7960 23 doctrine doctrine NN 34823 7960 24 , , , 34823 7960 25 see see VB 34823 7960 26 _ _ NNP 34823 7960 27 infra infra NN 34823 7960 28 _ _ NNP 34823 7960 29 our -PRON- PRP$ 34823 7960 30 section section NN 34823 7960 31 on on IN 34823 7960 32 " " `` 34823 7960 33 Credit Credit NNP 34823 7960 34 . . . 34823 7960 35 " " '' 34823 7961 1 The the DT 34823 7961 2 social social JJ 34823 7961 3 value value NN 34823 7961 4 doctrine doctrine NN 34823 7961 5 is be VBZ 34823 7961 6 still still RB 34823 7961 7 further further RB 34823 7961 8 generalized generalize VBN 34823 7961 9 in in IN 34823 7961 10 the the DT 34823 7961 11 chapter chapter NN 34823 7961 12 on on IN 34823 7961 13 " " `` 34823 7961 14 The the DT 34823 7961 15 Reconciliation Reconciliation NNP 34823 7961 16 of of IN 34823 7961 17 Statics Statics NNP 34823 7961 18 and and CC 34823 7961 19 Dynamics Dynamics NNP 34823 7961 20 . . . 34823 7961 21 " " '' 34823 7962 1 [ [ -LRB- 34823 7962 2 92 92 CD 34823 7962 3 ] ] -RRB- 34823 7962 4 _ _ NNP 34823 7962 5 Ibid Ibid NNP 34823 7962 6 . . . 34823 7962 7 _ _ NNP 34823 7962 8 p. p. NN 34823 7962 9 169 169 CD 34823 7962 10 . . . 34823 7963 1 [ [ -LRB- 34823 7963 2 93 93 CD 34823 7963 3 ] ] -RRB- 34823 7963 4 _ _ NNP 34823 7963 5 Vide Vide NNP 34823 7963 6 Mathematical Mathematical NNP 34823 7963 7 Investigations Investigations NNPS 34823 7963 8 _ _ NNP 34823 7963 9 , , , 34823 7963 10 _ _ NNP 34823 7963 11 loc loc NN 34823 7963 12 . . . 34823 7964 1 cit cit NNP 34823 7964 2 . . . 34823 7964 3 _ _ NNP 34823 7964 4 , , , 34823 7964 5 p. p. NN 34823 7964 6 62 62 CD 34823 7964 7 , , , 34823 7964 8 where where WRB 34823 7964 9 Fisher Fisher NNP 34823 7964 10 assumes assume VBZ 34823 7964 11 _ _ NNP 34823 7964 12 one one CD 34823 7964 13 _ _ NNP 34823 7964 14 price price NN 34823 7964 15 to to TO 34823 7964 16 be be VB 34823 7964 17 unity unity NN 34823 7964 18 , , , 34823 7964 19 " " '' 34823 7964 20 to to TO 34823 7964 21 determine determine VB 34823 7964 22 a a DT 34823 7964 23 standard standard NN 34823 7964 24 of of IN 34823 7964 25 value value NN 34823 7964 26 . . . 34823 7964 27 " " '' 34823 7965 1 _ _ NNP 34823 7965 2 Purchasing Purchasing NNP 34823 7965 3 Power Power NNP 34823 7965 4 of of IN 34823 7965 5 Money Money NNP 34823 7965 6 _ _ NNP 34823 7965 7 , , , 34823 7965 8 pp pp NNP 34823 7965 9 . . . 34823 7966 1 174 174 CD 34823 7966 2 - - SYM 34823 7966 3 175 175 CD 34823 7966 4 . . . 34823 7967 1 [ [ -LRB- 34823 7967 2 94 94 CD 34823 7967 3 ] ] -RRB- 34823 7967 4 _ _ NNP 34823 7967 5 Loc Loc NNP 34823 7967 6 . . . 34823 7968 1 cit cit NNP 34823 7968 2 . . . 34823 7968 3 _ _ NNP 34823 7968 4 , , , 34823 7968 5 pp pp NNP 34823 7968 6 . . . 34823 7969 1 72 72 CD 34823 7969 2 _ _ NNP 34823 7969 3 et et NNP 34823 7969 4 seq seq NN 34823 7969 5 . . . 34823 7969 6 _ _ NNP 34823 7969 7 [ [ -LRB- 34823 7969 8 95 95 CD 34823 7969 9 ] ] -RRB- 34823 7969 10 Pp Pp NNP 34823 7969 11 . . . 34823 7970 1 132 132 CD 34823 7970 2 - - SYM 34823 7970 3 136 136 CD 34823 7970 4 . . . 34823 7971 1 [ [ -LRB- 34823 7971 2 96 96 CD 34823 7971 3 ] ] -RRB- 34823 7971 4 See see VB 34823 7971 5 _ _ NNP 34823 7971 6 Social Social NNP 34823 7971 7 Value Value NNP 34823 7971 8 _ _ NNP 34823 7971 9 , , , 34823 7971 10 chs chs NNP 34823 7971 11 . . . 34823 7972 1 vi vi NNP 34823 7972 2 and and CC 34823 7972 3 vii vii NNP 34823 7972 4 . . . 34823 7973 1 [ [ -LRB- 34823 7973 2 97 97 CD 34823 7973 3 ] ] -RRB- 34823 7973 4 Bk Bk NNP 34823 7973 5 . . . 34823 7974 1 ii ii NNP 34823 7974 2 , , , 34823 7974 3 ch ch NNP 34823 7974 4 . . . 34823 7975 1 vi vi NNP 34823 7975 2 . . . 34823 7976 1 [ [ -LRB- 34823 7976 2 98 98 CD 34823 7976 3 ] ] -RRB- 34823 7976 4 " " `` 34823 7976 5 _ _ NNP 34823 7976 6 Cf Cf NNP 34823 7976 7 . . . 34823 7976 8 _ _ NNP 34823 7976 9 Davenport Davenport NNP 34823 7976 10 , , , 34823 7976 11 _ _ NNP 34823 7976 12 Value Value NNP 34823 7976 13 and and CC 34823 7976 14 Distribution Distribution NNP 34823 7976 15 _ _ NNP 34823 7976 16 , , , 34823 7976 17 560 560 CD 34823 7976 18 . . . 34823 7977 1 ' ' `` 34823 7977 2 For for IN 34823 7977 3 , , , 34823 7977 4 in in IN 34823 7977 5 truth truth NN 34823 7977 6 , , , 34823 7977 7 not not RB 34823 7977 8 merely merely RB 34823 7977 9 the the DT 34823 7977 10 distribution distribution NN 34823 7977 11 of of IN 34823 7977 12 the the DT 34823 7977 13 landed landed JJ 34823 7977 14 and and CC 34823 7977 15 other other JJ 34823 7977 16 instrumental instrumental JJ 34823 7977 17 , , , 34823 7977 18 income income NN 34823 7977 19 - - HYPH 34823 7977 20 commanding command VBG 34823 7977 21 wealth wealth NN 34823 7977 22 in in IN 34823 7977 23 society society NN 34823 7977 24 , , , 34823 7977 25 but but CC 34823 7977 26 also also RB 34823 7977 27 the the DT 34823 7977 28 distribution distribution NN 34823 7977 29 of of IN 34823 7977 30 general general JJ 34823 7977 31 purchasing purchasing NN 34823 7977 32 power power NN 34823 7977 33 ... ... : 34823 7977 34 are be VBP 34823 7977 35 , , , 34823 7977 36 at at IN 34823 7977 37 any any DT 34823 7977 38 moment moment NN 34823 7977 39 in in IN 34823 7977 40 society society NN 34823 7977 41 , , , 34823 7977 42 to to TO 34823 7977 43 be be VB 34823 7977 44 explained explain VBN 34823 7977 45 only only RB 34823 7977 46 by by IN 34823 7977 47 appeal appeal NN 34823 7977 48 to to IN 34823 7977 49 a a DT 34823 7977 50 _ _ NNP 34823 7977 51 long long JJ 34823 7977 52 and and CC 34823 7977 53 complex complex JJ 34823 7977 54 history history NN 34823 7977 55 _ _ NNP 34823 7977 56 [ [ -LRB- 34823 7977 57 italics italics NNP 34823 7977 58 mine mine NN 34823 7977 59 ] ] -RRB- 34823 7977 60 , , , 34823 7977 61 a a DT 34823 7977 62 distribution distribution NN 34823 7977 63 resting rest VBG 34823 7977 64 , , , 34823 7977 65 no no RB 34823 7977 66 doubt doubt RB 34823 7977 67 , , , 34823 7977 68 in in IN 34823 7977 69 part part NN 34823 7977 70 upon upon IN 34823 7977 71 technological technological JJ 34823 7977 72 value value NN 34823 7977 73 productivity productivity NN 34823 7977 74 , , , 34823 7977 75 past past JJ 34823 7977 76 or or CC 34823 7977 77 present present JJ 34823 7977 78 , , , 34823 7977 79 but but CC 34823 7977 80 in in IN 34823 7977 81 part part NN 34823 7977 82 also also RB 34823 7977 83 tracing trace VBG 34823 7977 84 back back RB 34823 7977 85 to to IN 34823 7977 86 bad bad JJ 34823 7977 87 institutions institution NNS 34823 7977 88 of of IN 34823 7977 89 property property NN 34823 7977 90 rights right NNS 34823 7977 91 and and CC 34823 7977 92 inheritance inheritance NN 34823 7977 93 , , , 34823 7977 94 to to IN 34823 7977 95 bad bad JJ 34823 7977 96 taxation taxation NN 34823 7977 97 , , , 34823 7977 98 to to IN 34823 7977 99 class class NN 34823 7977 100 privileges privilege NNS 34823 7977 101 , , , 34823 7977 102 to to IN 34823 7977 103 stock stock NN 34823 7977 104 - - HYPH 34823 7977 105 exchange exchange NN 34823 7977 106 manipulation manipulation NN 34823 7977 107 ... ... NFP 34823 7977 108 and and CC 34823 7977 109 , , , 34823 7977 110 as as RB 34823 7977 111 well well RB 34823 7977 112 , , , 34823 7977 113 to to IN 34823 7977 114 every every DT 34823 7977 115 sort sort NN 34823 7977 116 of of IN 34823 7977 117 vested vest VBN 34823 7977 118 right right RB 34823 7977 119 in in IN 34823 7977 120 iniquity iniquity NN 34823 7977 121 .... .... . 34823 7977 122 _ _ NNP 34823 7977 123 But but CC 34823 7977 124 there there EX 34823 7977 125 being be VBG 34823 7977 126 no no DT 34823 7977 127 apparent apparent JJ 34823 7977 128 method method NN 34823 7977 129 of of IN 34823 7977 130 bringing bring VBG 34823 7977 131 this this DT 34823 7977 132 class class NN 34823 7977 133 of of IN 34823 7977 134 facts fact NNS 34823 7977 135 within within IN 34823 7977 136 the the DT 34823 7977 137 orderly orderly JJ 34823 7977 138 sequences sequence NNS 34823 7977 139 of of IN 34823 7977 140 economic economic JJ 34823 7977 141 law law NN 34823 7977 142 , , , 34823 7977 143 we -PRON- PRP 34823 7977 144 shall shall MD 34823 7977 145 -- -- : 34823 7977 146 perhaps perhaps RB 34823 7977 147 -- -- : 34823 7977 148 do do VB 34823 7977 149 well well RB 34823 7977 150 to to TO 34823 7977 151 dismiss dismiss VB 34823 7977 152 them -PRON- PRP 34823 7977 153 from from IN 34823 7977 154 our -PRON- PRP$ 34823 7977 155 discussion discussion NN 34823 7977 156 _ _ NNP 34823 7977 157 .... .... NFP 34823 7977 158 ' ' '' 34823 7977 159 [ [ -LRB- 34823 7977 160 Italics italic NNS 34823 7977 161 are be VBP 34823 7977 162 mine -PRON- PRP 34823 7977 163 . . . 34823 7977 164 ] ] -RRB- 34823 7978 1 It -PRON- PRP 34823 7978 2 may may MD 34823 7978 3 be be VB 34823 7978 4 questioned question VBN 34823 7978 5 if if IN 34823 7978 6 the the DT 34823 7978 7 ' ' `` 34823 7978 8 orderly orderly JJ 34823 7978 9 sequence sequence NN 34823 7978 10 ' ' '' 34823 7978 11 is be VBZ 34823 7978 12 worth worth JJ 34823 7978 13 very very RB 34823 7978 14 much much RB 34823 7978 15 if if IN 34823 7978 16 it -PRON- PRP 34823 7978 17 ignore ignore VBP 34823 7978 18 facts fact NNS 34823 7978 19 so so RB 34823 7978 20 decisive decisive JJ 34823 7978 21 as as IN 34823 7978 22 these these DT 34823 7978 23 ! ! . 34823 7979 1 It -PRON- PRP 34823 7979 2 is be VBZ 34823 7979 3 precisely precisely RB 34823 7979 4 this this DT 34823 7979 5 sort sort NN 34823 7979 6 of of IN 34823 7979 7 abstractionism abstractionism NN 34823 7979 8 which which WDT 34823 7979 9 has have VBZ 34823 7979 10 vitiated vitiate VBN 34823 7979 11 so so RB 34823 7979 12 much much JJ 34823 7979 13 of of IN 34823 7979 14 value value NN 34823 7979 15 theory theory NN 34823 7979 16 . . . 34823 7980 1 Most Most JJS 34823 7980 2 economists economist NNS 34823 7980 3 slur slur VBP 34823 7980 4 over over IN 34823 7980 5 the the DT 34823 7980 6 omissions omission NNS 34823 7980 7 ; ; : 34823 7980 8 Professor Professor NNP 34823 7980 9 Davenport Davenport NNP 34823 7980 10 , , , 34823 7980 11 seeing see VBG 34823 7980 12 clearly clearly RB 34823 7980 13 and and CC 34823 7980 14 speaking speak VBG 34823 7980 15 frankly frankly RB 34823 7980 16 , , , 34823 7980 17 makes make VBZ 34823 7980 18 the the DT 34823 7980 19 extent extent NN 34823 7980 20 of of IN 34823 7980 21 the the DT 34823 7980 22 abstraction abstraction NN 34823 7980 23 clear clear JJ 34823 7980 24 . . . 34823 7981 1 We -PRON- PRP 34823 7981 2 venture venture VBP 34823 7981 3 to to TO 34823 7981 4 suggest suggest VB 34823 7981 5 that that IN 34823 7981 6 the the DT 34823 7981 7 reason reason NN 34823 7981 8 he -PRON- PRP 34823 7981 9 can can MD 34823 7981 10 find find VB 34823 7981 11 no no DT 34823 7981 12 place place NN 34823 7981 13 for for IN 34823 7981 14 facts fact NNS 34823 7981 15 like like IN 34823 7981 16 these these DT 34823 7981 17 within within IN 34823 7981 18 the the DT 34823 7981 19 orderly orderly JJ 34823 7981 20 sequence sequence NN 34823 7981 21 of of IN 34823 7981 22 his -PRON- PRP$ 34823 7981 23 economic economic JJ 34823 7981 24 theory theory NN 34823 7981 25 is be VBZ 34823 7981 26 that that IN 34823 7981 27 he -PRON- PRP 34823 7981 28 lacks lack VBZ 34823 7981 29 an an DT 34823 7981 30 adequate adequate JJ 34823 7981 31 sociological sociological JJ 34823 7981 32 theory theory NN 34823 7981 33 at at IN 34823 7981 34 the the DT 34823 7981 35 basis basis NN 34823 7981 36 of of IN 34823 7981 37 his -PRON- PRP$ 34823 7981 38 economic economic JJ 34823 7981 39 theory theory NN 34823 7981 40 . . . 34823 7982 1 A a DT 34823 7982 2 historical historical JJ 34823 7982 3 _ _ NNP 34823 7982 4 regressus regressus NN 34823 7982 5 _ _ NNP 34823 7982 6 will will MD 34823 7982 7 not not RB 34823 7982 8 , , , 34823 7982 9 of of IN 34823 7982 10 course course NN 34823 7982 11 , , , 34823 7982 12 fit fit JJ 34823 7982 13 in in RB 34823 7982 14 in in IN 34823 7982 15 any any DT 34823 7982 16 logical logical JJ 34823 7982 17 manner manner NN 34823 7982 18 with with IN 34823 7982 19 a a DT 34823 7982 20 synthetic synthetic JJ 34823 7982 21 theory theory NN 34823 7982 22 which which WDT 34823 7982 23 tries try VBZ 34823 7982 24 to to TO 34823 7982 25 construct construct VB 34823 7982 26 an an DT 34823 7982 27 existing exist VBG 34823 7982 28 situation situation NN 34823 7982 29 out out IN 34823 7982 30 of of IN 34823 7982 31 existing exist VBG 34823 7982 32 elements element NNS 34823 7982 33 . . . 34823 7983 1 Our -PRON- PRP$ 34823 7983 2 plan plan NN 34823 7983 3 of of IN 34823 7983 4 a a DT 34823 7983 5 _ _ NNP 34823 7983 6 logical logical JJ 34823 7983 7 _ _ NNP 34823 7983 8 analysis analysis NN 34823 7983 9 of of IN 34823 7983 10 existing exist VBG 34823 7983 11 psychic psychic JJ 34823 7983 12 forces force NNS 34823 7983 13 makes make VBZ 34823 7983 14 it -PRON- PRP 34823 7983 15 possible possible JJ 34823 7983 16 to to TO 34823 7983 17 treat treat VB 34823 7983 18 these these DT 34823 7983 19 facts fact NNS 34823 7983 20 which which WDT 34823 7983 21 have have VBP 34823 7983 22 come come VBN 34823 7983 23 to to IN 34823 7983 24 us -PRON- PRP 34823 7983 25 from from IN 34823 7983 26 the the DT 34823 7983 27 past past NN 34823 7983 28 , , , 34823 7983 29 not not RB 34823 7983 30 as as IN 34823 7983 31 facts fact NNS 34823 7983 32 of of IN 34823 7983 33 different different JJ 34823 7983 34 nature nature NN 34823 7983 35 from from IN 34823 7983 36 the the DT 34823 7983 37 ' ' `` 34823 7983 38 utilities utility NNS 34823 7983 39 ' ' '' 34823 7983 40 with with IN 34823 7983 41 which which WDT 34823 7983 42 the the DT 34823 7983 43 value value NN 34823 7983 44 theorists theorist NNS 34823 7983 45 have have VBP 34823 7983 46 dealt deal VBN 34823 7983 47 , , , 34823 7983 48 but but CC 34823 7983 49 rather rather RB 34823 7983 50 as as IN 34823 7983 51 fluid fluid JJ 34823 7983 52 psychic psychic JJ 34823 7983 53 forces force NNS 34823 7983 54 , , , 34823 7983 55 of of IN 34823 7983 56 the the DT 34823 7983 57 same same JJ 34823 7983 58 nature nature NN 34823 7983 59 , , , 34823 7983 60 and and CC 34823 7983 61 in in IN 34823 7983 62 the the DT 34823 7983 63 same same JJ 34823 7983 64 system system NN 34823 7983 65 , , , 34823 7983 66 as as IN 34823 7983 67 those those DT 34823 7983 68 ' ' `` 34823 7983 69 utilities utility NNS 34823 7983 70 . . . 34823 7983 71 ' ' '' 34823 7983 72 " " '' 34823 7984 1 [ [ -LRB- 34823 7984 2 99 99 CD 34823 7984 3 ] ] -RRB- 34823 7984 4 Of of RB 34823 7984 5 course course RB 34823 7984 6 , , , 34823 7984 7 we -PRON- PRP 34823 7984 8 do do VBP 34823 7984 9 not not RB 34823 7984 10 mean mean VB 34823 7984 11 to to TO 34823 7984 12 question question VB 34823 7984 13 the the DT 34823 7984 14 immense immense JJ 34823 7984 15 light light NN 34823 7984 16 which which WDT 34823 7984 17 history history NN 34823 7984 18 throws throw NNS 34823 7984 19 upon upon IN 34823 7984 20 the the DT 34823 7984 21 nature nature NN 34823 7984 22 of of IN 34823 7984 23 existing exist VBG 34823 7984 24 social social JJ 34823 7984 25 forces force NNS 34823 7984 26 . . . 34823 7985 1 [ [ -LRB- 34823 7985 2 100 100 CD 34823 7985 3 ] ] -RRB- 34823 7985 4 _ _ NNP 34823 7985 5 Theory Theory NNP 34823 7985 6 of of IN 34823 7985 7 Political Political NNP 34823 7985 8 Economy Economy NNP 34823 7985 9 _ _ NNP 34823 7985 10 , , , 34823 7985 11 4th 4th JJ 34823 7985 12 ed ed NNP 34823 7985 13 . . NNP 34823 7985 14 , , , 34823 7985 15 p. p. NN 34823 7985 16 34 34 CD 34823 7985 17 . . . 34823 7986 1 [ [ -LRB- 34823 7986 2 101 101 CD 34823 7986 3 ] ] -RRB- 34823 7986 4 Art art NN 34823 7986 5 . . . 34823 7987 1 " " `` 34823 7987 2 Geld Geld NNP 34823 7987 3 , , , 34823 7987 4 " " '' 34823 7987 5 in in IN 34823 7987 6 _ _ NNP 34823 7987 7 Handwörterbuch Handwörterbuch NNP 34823 7987 8 der der NN 34823 7987 9 Staatswissenschaften Staatswissenschaften NNP 34823 7987 10 _ _ NNP 34823 7987 11 . . . 34823 7988 1 [ [ -LRB- 34823 7988 2 102 102 CD 34823 7988 3 ] ] -RRB- 34823 7988 4 _ _ NNP 34823 7988 5 Cf Cf NNP 34823 7988 6 . . . 34823 7988 7 _ _ NNP 34823 7988 8 Helfferich Helfferich NNP 34823 7988 9 , , , 34823 7988 10 _ _ NNP 34823 7988 11 Das Das NNP 34823 7988 12 Geld Geld NNP 34823 7988 13 _ _ NNP 34823 7988 14 , , , 34823 7988 15 Leipzig Leipzig NNP 34823 7988 16 , , , 34823 7988 17 1903 1903 CD 34823 7988 18 , , , 34823 7988 19 for for IN 34823 7988 20 the the DT 34823 7988 21 same same JJ 34823 7988 22 terminology terminology NN 34823 7988 23 , , , 34823 7988 24 pp pp NNP 34823 7988 25 . . . 34823 7989 1 485 485 CD 34823 7989 2 - - SYM 34823 7989 3 486 486 CD 34823 7989 4 . . . 34823 7990 1 [ [ -LRB- 34823 7990 2 103 103 CD 34823 7990 3 ] ] -RRB- 34823 7990 4 Exchange Exchange NNP 34823 7990 5 creates create VBZ 34823 7990 6 _ _ NNP 34823 7990 7 values value NNS 34823 7990 8 _ _ NNP 34823 7990 9 . . . 34823 7991 1 It -PRON- PRP 34823 7991 2 does do VBZ 34823 7991 3 not not RB 34823 7991 4 necessarily necessarily RB 34823 7991 5 create create VB 34823 7991 6 _ _ NNP 34823 7991 7 utilities utility NNS 34823 7991 8 _ _ NNP 34823 7991 9 . . . 34823 7992 1 Wheat wheat NN 34823 7992 2 going go VBG 34823 7992 3 from from IN 34823 7992 4 a a DT 34823 7992 5 famine famine NN 34823 7992 6 - - HYPH 34823 7992 7 stricken stricken VBN 34823 7992 8 part part NN 34823 7992 9 of of IN 34823 7992 10 India India NNP 34823 7992 11 to to IN 34823 7992 12 a a DT 34823 7992 13 place place NN 34823 7992 14 where where WRB 34823 7992 15 it -PRON- PRP 34823 7992 16 will will MD 34823 7992 17 sell sell VB 34823 7992 18 for for IN 34823 7992 19 higher high JJR 34823 7992 20 prices price NNS 34823 7992 21 does do VBZ 34823 7992 22 not not RB 34823 7992 23 gain gain VB 34823 7992 24 in in IN 34823 7992 25 utility utility NN 34823 7992 26 thereby thereby RB 34823 7992 27 . . . 34823 7993 1 [ [ -LRB- 34823 7993 2 104 104 CD 34823 7993 3 ] ] -RRB- 34823 7993 4 A a DT 34823 7993 5 possible possible JJ 34823 7993 6 exception exception NN 34823 7993 7 to to IN 34823 7993 8 this this DT 34823 7993 9 general general JJ 34823 7993 10 statement statement NN 34823 7993 11 might may MD 34823 7993 12 be be VB 34823 7993 13 made make VBN 34823 7993 14 for for IN 34823 7993 15 Professor Professor NNP 34823 7993 16 H. H. NNP 34823 7993 17 J. J. NNP 34823 7993 18 Davenport Davenport NNP 34823 7993 19 , , , 34823 7993 20 who who WP 34823 7993 21 would would MD 34823 7993 22 insist insist VB 34823 7993 23 that that IN 34823 7993 24 his -PRON- PRP$ 34823 7993 25 version version NN 34823 7993 26 of of IN 34823 7993 27 the the DT 34823 7993 28 utility utility NN 34823 7993 29 theory theory NN 34823 7993 30 is be VBZ 34823 7993 31 based base VBN 34823 7993 32 on on IN 34823 7993 33 " " `` 34823 7993 34 relative relative JJ 34823 7993 35 marginal marginal JJ 34823 7993 36 utility utility NN 34823 7993 37 , , , 34823 7993 38 " " '' 34823 7993 39 rather rather RB 34823 7993 40 than than IN 34823 7993 41 on on IN 34823 7993 42 marginal marginal JJ 34823 7993 43 utility utility NN 34823 7993 44 in in IN 34823 7993 45 Böhm Böhm NNP 34823 7993 46 - - HYPH 34823 7993 47 Bawerk Bawerk NNP 34823 7993 48 's 's POS 34823 7993 49 fashion fashion NN 34823 7993 50 . . . 34823 7994 1 No no DT 34823 7994 2 critic critic NN 34823 7994 3 has have VBZ 34823 7994 4 been be VBN 34823 7994 5 more more RBR 34823 7994 6 merciless merciless JJ 34823 7994 7 than than IN 34823 7994 8 he -PRON- PRP 34823 7994 9 in in IN 34823 7994 10 the the DT 34823 7994 11 criticism criticism NN 34823 7994 12 of of IN 34823 7994 13 the the DT 34823 7994 14 Austrian austrian JJ 34823 7994 15 confusions confusion NNS 34823 7994 16 of of IN 34823 7994 17 demand demand NN 34823 7994 18 - - HYPH 34823 7994 19 curves curve NNS 34823 7994 20 with with IN 34823 7994 21 utility utility NN 34823 7994 22 - - HYPH 34823 7994 23 curves curve NNS 34823 7994 24 , , , 34823 7994 25 etc etc FW 34823 7994 26 . . . 34823 7995 1 But but CC 34823 7995 2 it -PRON- PRP 34823 7995 3 is be VBZ 34823 7995 4 not not RB 34823 7995 5 clear clear JJ 34823 7995 6 to to IN 34823 7995 7 me -PRON- PRP 34823 7995 8 that that IN 34823 7995 9 Professor Professor NNP 34823 7995 10 Davenport Davenport NNP 34823 7995 11 has have VBZ 34823 7995 12 freed free VBN 34823 7995 13 himself -PRON- PRP 34823 7995 14 from from IN 34823 7995 15 the the DT 34823 7995 16 general general JJ 34823 7995 17 doctrine doctrine NN 34823 7995 18 that that IN 34823 7995 19 he -PRON- PRP 34823 7995 20 criticises criticise VBZ 34823 7995 21 . . . 34823 7996 1 I -PRON- PRP 34823 7996 2 am be VBP 34823 7996 3 not not RB 34823 7996 4 sure sure JJ 34823 7996 5 that that IN 34823 7996 6 he -PRON- PRP 34823 7996 7 would would MD 34823 7996 8 accept accept VB 34823 7996 9 Schumpeter Schumpeter NNP 34823 7996 10 's 's POS 34823 7996 11 version version NN 34823 7996 12 of of IN 34823 7996 13 the the DT 34823 7996 14 Austrian austrian JJ 34823 7996 15 theory theory NN 34823 7996 16 as as IN 34823 7996 17 correct correct JJ 34823 7996 18 . . . 34823 7997 1 It -PRON- PRP 34823 7997 2 may may MD 34823 7997 3 be be VB 34823 7997 4 possible possible JJ 34823 7997 5 to to IN 34823 7997 6 _ _ NNP 34823 7997 7 read read VB 34823 7997 8 _ _ NNP 34823 7997 9 Schumpeter Schumpeter NNP 34823 7997 10 's 's POS 34823 7997 11 doctrine doctrine NN 34823 7997 12 _ _ NNP 34823 7997 13 into into IN 34823 7997 14 _ _ NNP 34823 7997 15 chapter chapter NN 34823 7997 16 7 7 CD 34823 7997 17 of of IN 34823 7997 18 Davenport Davenport NNP 34823 7997 19 's 's POS 34823 7997 20 admirable admirable JJ 34823 7997 21 _ _ NNP 34823 7997 22 Economics Economics NNP 34823 7997 23 of of IN 34823 7997 24 Enterprise Enterprise NNP 34823 7997 25 _ _ NNP 34823 7997 26 , , , 34823 7997 27 but but CC 34823 7997 28 it -PRON- PRP 34823 7997 29 is be VBZ 34823 7997 30 not not RB 34823 7997 31 clear clear JJ 34823 7997 32 that that IN 34823 7997 33 one one PRP 34823 7997 34 could could MD 34823 7997 35 read read VB 34823 7997 36 it -PRON- PRP 34823 7997 37 _ _ NNP 34823 7997 38 in in IN 34823 7997 39 _ _ NNP 34823 7997 40 the the DT 34823 7997 41 chapter chapter NN 34823 7997 42 ! ! . 34823 7998 1 That that DT 34823 7998 2 individual individual JJ 34823 7998 3 price price NN 34823 7998 4 - - HYPH 34823 7998 5 offer offer NN 34823 7998 6 depends depend VBZ 34823 7998 7 on on IN 34823 7998 8 the the DT 34823 7998 9 marginal marginal JJ 34823 7998 10 utilities utility NNS 34823 7998 11 of of IN 34823 7998 12 alternative alternative JJ 34823 7998 13 goods good NNS 34823 7998 14 , , , 34823 7998 15 in in IN 34823 7998 16 comparison comparison NN 34823 7998 17 with with IN 34823 7998 18 the the DT 34823 7998 19 marginal marginal JJ 34823 7998 20 utility utility NN 34823 7998 21 of of IN 34823 7998 22 the the DT 34823 7998 23 good good NN 34823 7998 24 in in IN 34823 7998 25 question question NN 34823 7998 26 , , , 34823 7998 27 Davenport Davenport NNP 34823 7998 28 does do VBZ 34823 7998 29 emphasize emphasize VB 34823 7998 30 . . . 34823 7999 1 But but CC 34823 7999 2 the the DT 34823 7999 3 complication complication NN 34823 7999 4 that that WDT 34823 7999 5 not not RB 34823 7999 6 merely merely RB 34823 7999 7 the the DT 34823 7999 8 utilities utility NNS 34823 7999 9 of of IN 34823 7999 10 alternative alternative JJ 34823 7999 11 goods good NNS 34823 7999 12 , , , 34823 7999 13 but but CC 34823 7999 14 also also RB 34823 7999 15 their -PRON- PRP$ 34823 7999 16 _ _ NNP 34823 7999 17 prices price NNS 34823 7999 18 _ _ NNP 34823 7999 19 , , , 34823 7999 20 have have VBP 34823 7999 21 to to TO 34823 7999 22 be be VB 34823 7999 23 taken take VBN 34823 7999 24 into into IN 34823 7999 25 account account NN 34823 7999 26 , , , 34823 7999 27 and and CC 34823 7999 28 that that IN 34823 7999 29 this this DT 34823 7999 30 involves involve VBZ 34823 7999 31 circular circular JJ 34823 7999 32 reasoning reasoning NN 34823 7999 33 when when WRB 34823 7999 34 an an DT 34823 7999 35 effort effort NN 34823 7999 36 is be VBZ 34823 7999 37 made make VBN 34823 7999 38 to to TO 34823 7999 39 give give VB 34823 7999 40 a a DT 34823 7999 41 summary summary NN 34823 7999 42 of of IN 34823 7999 43 the the DT 34823 7999 44 whole whole JJ 34823 7999 45 system system NN 34823 7999 46 of of IN 34823 7999 47 prices price NNS 34823 7999 48 by by IN 34823 7999 49 means mean NNS 34823 7999 50 of of IN 34823 7999 51 individual individual JJ 34823 7999 52 utility utility NN 34823 7999 53 calculations calculation NNS 34823 7999 54 , , , 34823 7999 55 he -PRON- PRP 34823 7999 56 does do VBZ 34823 7999 57 not not RB 34823 7999 58 , , , 34823 7999 59 so so RB 34823 7999 60 far far RB 34823 7999 61 as as IN 34823 7999 62 I -PRON- PRP 34823 7999 63 can can MD 34823 7999 64 see see VB 34823 7999 65 , , , 34823 7999 66 grapple grapple VB 34823 7999 67 with with IN 34823 7999 68 . . . 34823 8000 1 He -PRON- PRP 34823 8000 2 summarizes summarize VBZ 34823 8000 3 the the DT 34823 8000 4 thing thing NN 34823 8000 5 on on IN 34823 8000 6 p. p. NN 34823 8000 7 104 104 CD 34823 8000 8 : : : 34823 8000 9 " " `` 34823 8000 10 The the DT 34823 8000 11 steps step NNS 34823 8000 12 , , , 34823 8000 13 then then RB 34823 8000 14 , , , 34823 8000 15 are be VBP 34823 8000 16 from from IN 34823 8000 17 ( ( -LRB- 34823 8000 18 1 1 CD 34823 8000 19 ) ) -RRB- 34823 8000 20 utility utility NN 34823 8000 21 to to IN 34823 8000 22 ( ( -LRB- 34823 8000 23 2 2 CD 34823 8000 24 ) ) -RRB- 34823 8000 25 marginal marginal JJ 34823 8000 26 utility utility NN 34823 8000 27 , , , 34823 8000 28 thence thence NN 34823 8000 29 to to IN 34823 8000 30 ( ( -LRB- 34823 8000 31 3 3 LS 34823 8000 32 ) ) -RRB- 34823 8000 33 the the DT 34823 8000 34 comparison comparison NN 34823 8000 35 of of IN 34823 8000 36 marginal marginal JJ 34823 8000 37 utilities utility NNS 34823 8000 38 , , , 34823 8000 39 and and CC 34823 8000 40 finally finally RB 34823 8000 41 to to IN 34823 8000 42 ( ( -LRB- 34823 8000 43 4 4 CD 34823 8000 44 ) ) -RRB- 34823 8000 45 price price NN 34823 8000 46 - - HYPH 34823 8000 47 offer offer NN 34823 8000 48 . . . 34823 8000 49 " " '' 34823 8001 1 He -PRON- PRP 34823 8001 2 takes take VBZ 34823 8001 3 no no DT 34823 8001 4 account account NN 34823 8001 5 here here RB 34823 8001 6 of of IN 34823 8001 7 the the DT 34823 8001 8 complication complication NN 34823 8001 9 that that IN 34823 8001 10 the the DT 34823 8001 11 third third JJ 34823 8001 12 step step NN 34823 8001 13 is be VBZ 34823 8001 14 in in IN 34823 8001 15 large large JJ 34823 8001 16 degree degree NN 34823 8001 17 a a DT 34823 8001 18 comparison comparison NN 34823 8001 19 , , , 34823 8001 20 not not RB 34823 8001 21 of of IN 34823 8001 22 marginal marginal JJ 34823 8001 23 utilities utility NNS 34823 8001 24 proper proper JJ 34823 8001 25 , , , 34823 8001 26 but but CC 34823 8001 27 rather rather RB 34823 8001 28 , , , 34823 8001 29 of of IN 34823 8001 30 " " `` 34823 8001 31 subjective subjective JJ 34823 8001 32 values value NNS 34823 8001 33 in in IN 34823 8001 34 exchange exchange NN 34823 8001 35 . . . 34823 8001 36 " " '' 34823 8002 1 Yet yet CC 34823 8002 2 just just RB 34823 8002 3 in in IN 34823 8002 4 this this DT 34823 8002 5 lies lie VBZ 34823 8002 6 a a DT 34823 8002 7 vital vital JJ 34823 8002 8 difficulty difficulty NN 34823 8002 9 of of IN 34823 8002 10 utility utility NN 34823 8002 11 theory theory NN 34823 8002 12 , , , 34823 8002 13 in in IN 34823 8002 14 so so RB 34823 8002 15 far far RB 34823 8002 16 as as IN 34823 8002 17 it -PRON- PRP 34823 8002 18 attempts attempt VBZ 34823 8002 19 to to TO 34823 8002 20 explain explain VB 34823 8002 21 causation causation NN 34823 8002 22 . . . 34823 8003 1 Moreover moreover RB 34823 8003 2 , , , 34823 8003 3 Professor Professor NNP 34823 8003 4 Davenport Davenport NNP 34823 8003 5 is be VBZ 34823 8003 6 seeking seek VBG 34823 8003 7 to to TO 34823 8003 8 explain explain VB 34823 8003 9 the the DT 34823 8003 10 _ _ NNP 34823 8003 11 causal causal NN 34823 8003 12 _ _ NNP 34823 8003 13 relation relation NN 34823 8003 14 of of IN 34823 8003 15 utility utility NN 34823 8003 16 to to IN 34823 8003 17 _ _ NNP 34823 8003 18 demand demand NN 34823 8003 19 _ _ NNP 34823 8003 20 , , , 34823 8003 21 the the DT 34823 8003 22 old old JJ 34823 8003 23 Austrian austrian JJ 34823 8003 24 problem problem NN 34823 8003 25 . . . 34823 8004 1 The the DT 34823 8004 2 explanation explanation NN 34823 8004 3 of of IN 34823 8004 4 demand demand NN 34823 8004 5 is be VBZ 34823 8004 6 , , , 34823 8004 7 indeed indeed RB 34823 8004 8 , , , 34823 8004 9 the the DT 34823 8004 10 problem problem NN 34823 8004 11 with with IN 34823 8004 12 which which WDT 34823 8004 13 all all DT 34823 8004 14 theories theory NNS 34823 8004 15 of of IN 34823 8004 16 value value NN 34823 8004 17 must must MD 34823 8004 18 come come VB 34823 8004 19 to to IN 34823 8004 20 terms term NNS 34823 8004 21 , , , 34823 8004 22 if if IN 34823 8004 23 they -PRON- PRP 34823 8004 24 are be VBP 34823 8004 25 to to TO 34823 8004 26 be be VB 34823 8004 27 of of IN 34823 8004 28 any any DT 34823 8004 29 use use NN 34823 8004 30 . . . 34823 8005 1 As as IN 34823 8005 2 we -PRON- PRP 34823 8005 3 have have VBP 34823 8005 4 seen see VBN 34823 8005 5 , , , 34823 8005 6 Schumpeter Schumpeter NNP 34823 8005 7 's 's POS 34823 8005 8 schema schema NN 34823 8005 9 has have VBZ 34823 8005 10 no no DT 34823 8005 11 bearing bear VBG 34823 8005 12 whatever whatever WDT 34823 8005 13 on on IN 34823 8005 14 the the DT 34823 8005 15 explanation explanation NN 34823 8005 16 of of IN 34823 8005 17 demand demand NN 34823 8005 18 , , , 34823 8005 19 or or CC 34823 8005 20 on on IN 34823 8005 21 _ _ NNP 34823 8005 22 causation causation NN 34823 8005 23 _ _ NNP 34823 8005 24 of of IN 34823 8005 25 any any DT 34823 8005 26 sort sort NN 34823 8005 27 . . . 34823 8006 1 Schumpeter Schumpeter NNP 34823 8006 2 's 's POS 34823 8006 3 scheme scheme NN 34823 8006 4 leaves leave VBZ 34823 8006 5 money money NN 34823 8006 6 out out RP 34823 8006 7 , , , 34823 8006 8 and and CC 34823 8006 9 demand demand NN 34823 8006 10 - - HYPH 34823 8006 11 curves curve NNS 34823 8006 12 run run NN 34823 8006 13 in in IN 34823 8006 14 money money NN 34823 8006 15 terms term NNS 34823 8006 16 . . . 34823 8007 1 Davenport Davenport NNP 34823 8007 2 's 's POS 34823 8007 3 scheme scheme NN 34823 8007 4 assumes assume VBZ 34823 8007 5 money money NN 34823 8007 6 -- -- : 34823 8007 7 and and CC 34823 8007 8 " " `` 34823 8007 9 purchasing purchase VBG 34823 8007 10 power power NN 34823 8007 11 . . . 34823 8007 12 " " '' 34823 8008 1 ( ( -LRB- 34823 8008 2 _ _ NNP 34823 8008 3 Loc Loc NNP 34823 8008 4 . . . 34823 8009 1 cit cit NNP 34823 8009 2 . . . 34823 8009 3 _ _ NNP 34823 8009 4 , , , 34823 8009 5 91 91 CD 34823 8009 6 . . . 34823 8009 7 ) ) -RRB- 34823 8010 1 We -PRON- PRP 34823 8010 2 have have VBP 34823 8010 3 seen see VBN 34823 8010 4 in in IN 34823 8010 5 the the DT 34823 8010 6 chapter chapter NN 34823 8010 7 on on IN 34823 8010 8 " " `` 34823 8010 9 Supply supply NN 34823 8010 10 and and CC 34823 8010 11 Demand demand NN 34823 8010 12 " " '' 34823 8010 13 that that IN 34823 8010 14 the the DT 34823 8010 15 notion notion NN 34823 8010 16 of of IN 34823 8010 17 demand demand NN 34823 8010 18 and and CC 34823 8010 19 supply supply NN 34823 8010 20 involves involve VBZ 34823 8010 21 money money NN 34823 8010 22 and and CC 34823 8010 23 a a DT 34823 8010 24 fixed fix VBN 34823 8010 25 absolute absolute JJ 34823 8010 26 value value NN 34823 8010 27 of of IN 34823 8010 28 money money NN 34823 8010 29 . . . 34823 8011 1 Professor Professor NNP 34823 8011 2 Davenport Davenport NNP 34823 8011 3 is be VBZ 34823 8011 4 thus thus RB 34823 8011 5 doubly doubly RB 34823 8011 6 assuming assume VBG 34823 8011 7 value value NN 34823 8011 8 , , , 34823 8011 9 the the DT 34823 8011 10 thing thing NN 34823 8011 11 to to TO 34823 8011 12 be be VB 34823 8011 13 explained explain VBN 34823 8011 14 ! ! . 34823 8012 1 Laws law NNS 34823 8012 2 of of IN 34823 8012 3 " " `` 34823 8012 4 relative relative JJ 34823 8012 5 marginal marginal JJ 34823 8012 6 utility utility NN 34823 8012 7 " " '' 34823 8012 8 developed develop VBN 34823 8012 9 on on IN 34823 8012 10 the the DT 34823 8012 11 assumption assumption NN 34823 8012 12 of of IN 34823 8012 13 money money NN 34823 8012 14 , , , 34823 8012 15 and and CC 34823 8012 16 in in IN 34823 8012 17 abstraction abstraction NN 34823 8012 18 from from IN 34823 8012 19 changes change NNS 34823 8012 20 in in IN 34823 8012 21 the the DT 34823 8012 22 value value NN 34823 8012 23 of of IN 34823 8012 24 money money NN 34823 8012 25 , , , 34823 8012 26 are be VBP 34823 8012 27 not not RB 34823 8012 28 likely likely JJ 34823 8012 29 to to TO 34823 8012 30 be be VB 34823 8012 31 of of IN 34823 8012 32 service service NN 34823 8012 33 when when WRB 34823 8012 34 the the DT 34823 8012 35 problem problem NN 34823 8012 36 of of IN 34823 8012 37 the the DT 34823 8012 38 value value NN 34823 8012 39 of of IN 34823 8012 40 money money NN 34823 8012 41 itself -PRON- PRP 34823 8012 42 is be VBZ 34823 8012 43 taken take VBN 34823 8012 44 up up RP 34823 8012 45 . . . 34823 8013 1 On on IN 34823 8013 2 pp pp NNP 34823 8013 3 . . . 34823 8014 1 95 95 CD 34823 8014 2 - - SYM 34823 8014 3 96 96 CD 34823 8014 4 , , , 34823 8014 5 Davenport Davenport NNP 34823 8014 6 comes come VBZ 34823 8014 7 closest close JJS 34823 8014 8 to to IN 34823 8014 9 Schumpeter Schumpeter NNP 34823 8014 10 's 's POS 34823 8014 11 doctrine doctrine NN 34823 8014 12 , , , 34823 8014 13 saying say VBG 34823 8014 14 that that IN 34823 8014 15 " " `` 34823 8014 16 the the DT 34823 8014 17 total total JJ 34823 8014 18 situation situation NN 34823 8014 19 is be VBZ 34823 8014 20 directive directive NN 34823 8014 21 of of IN 34823 8014 22 each each DT 34823 8014 23 individual individual NN 34823 8014 24 in in IN 34823 8014 25 it -PRON- PRP 34823 8014 26 , , , 34823 8014 27 " " '' 34823 8014 28 and and CC 34823 8014 29 that that IN 34823 8014 30 there there EX 34823 8014 31 are be VBP 34823 8014 32 " " `` 34823 8014 33 mutual mutual JJ 34823 8014 34 reactions reaction NNS 34823 8014 35 , , , 34823 8014 36 " " '' 34823 8014 37 such such JJ 34823 8014 38 that that IN 34823 8014 39 particular particular JJ 34823 8014 40 facts fact NNS 34823 8014 41 are be VBP 34823 8014 42 both both DT 34823 8014 43 effects effect NNS 34823 8014 44 and and CC 34823 8014 45 causes cause NNS 34823 8014 46 , , , 34823 8014 47 illustrated illustrate VBN 34823 8014 48 by by IN 34823 8014 49 the the DT 34823 8014 50 last last JJ 34823 8014 51 person person NN 34823 8014 52 who who WP 34823 8014 53 jumps jump VBZ 34823 8014 54 on on IN 34823 8014 55 a a DT 34823 8014 56 crowded crowded JJ 34823 8014 57 raft raft NN 34823 8014 58 -- -- : 34823 8014 59 does do VBZ 34823 8014 60 he -PRON- PRP 34823 8014 61 sink sink VB 34823 8014 62 the the DT 34823 8014 63 others other NNS 34823 8014 64 , , , 34823 8014 65 or or CC 34823 8014 66 do do VBP 34823 8014 67 they -PRON- PRP 34823 8014 68 sink sink VB 34823 8014 69 him -PRON- PRP 34823 8014 70 ? ? . 34823 8015 1 This this DT 34823 8015 2 recognizes recognize VBZ 34823 8015 3 the the DT 34823 8015 4 complexity complexity NN 34823 8015 5 of of IN 34823 8015 6 the the DT 34823 8015 7 problem problem NN 34823 8015 8 , , , 34823 8015 9 but but CC 34823 8015 10 it -PRON- PRP 34823 8015 11 is be VBZ 34823 8015 12 not not RB 34823 8015 13 clear clear JJ 34823 8015 14 that that IN 34823 8015 15 it -PRON- PRP 34823 8015 16 even even RB 34823 8015 17 purports purport VBZ 34823 8015 18 to to TO 34823 8015 19 do do VB 34823 8015 20 more more JJR 34823 8015 21 than than IN 34823 8015 22 that that DT 34823 8015 23 . . . 34823 8016 1 What what WP 34823 8016 2 is be VBZ 34823 8016 3 called call VBN 34823 8016 4 for for IN 34823 8016 5 is be VBZ 34823 8016 6 a a DT 34823 8016 7 _ _ NNP 34823 8016 8 definition definition NN 34823 8016 9 _ _ NNP 34823 8016 10 of of IN 34823 8016 11 the the DT 34823 8016 12 essential essential JJ 34823 8016 13 elements element NNS 34823 8016 14 in in IN 34823 8016 15 that that DT 34823 8016 16 " " `` 34823 8016 17 total total JJ 34823 8016 18 situation situation NN 34823 8016 19 , , , 34823 8016 20 " " '' 34823 8016 21 with with IN 34823 8016 22 precise precise JJ 34823 8016 23 statement statement NN 34823 8016 24 as as IN 34823 8016 25 to to IN 34823 8016 26 what what WP 34823 8016 27 is be VBZ 34823 8016 28 assumed assume VBN 34823 8016 29 constant constant JJ 34823 8016 30 and and CC 34823 8016 31 what what WP 34823 8016 32 is be VBZ 34823 8016 33 allowed allow VBN 34823 8016 34 to to TO 34823 8016 35 vary vary VB 34823 8016 36 , , , 34823 8016 37 and and CC 34823 8016 38 an an DT 34823 8016 39 analysis analysis NN 34823 8016 40 of of IN 34823 8016 41 the the DT 34823 8016 42 " " `` 34823 8016 43 mutual mutual JJ 34823 8016 44 reactions reaction NNS 34823 8016 45 , , , 34823 8016 46 " " '' 34823 8016 47 with with IN 34823 8016 48 a a DT 34823 8016 49 starting starting NN 34823 8016 50 point point NN 34823 8016 51 and and CC 34823 8016 52 a a DT 34823 8016 53 _ _ NNP 34823 8016 54 terminus terminus JJ 34823 8016 55 ad ad NN 34823 8016 56 quem_,--an quem_,--an NNS 34823 8016 57 equilibrium equilibrium NN 34823 8016 58 in in IN 34823 8016 59 which which WDT 34823 8016 60 " " `` 34823 8016 61 mutual mutual JJ 34823 8016 62 reactions reaction NNS 34823 8016 63 " " '' 34823 8016 64 cease cease NN 34823 8016 65 to to IN 34823 8016 66 trouble trouble NN 34823 8016 67 with with IN 34823 8016 68 their -PRON- PRP$ 34823 8016 69 endless endless JJ 34823 8016 70 circle circle NN 34823 8016 71 ! ! . 34823 8017 1 Schumpeter Schumpeter NNP 34823 8017 2 's 's POS 34823 8017 3 schema schema NN 34823 8017 4 , , , 34823 8017 5 though though IN 34823 8017 6 meeting meet VBG 34823 8017 7 criticism criticism NN 34823 8017 8 on on IN 34823 8017 9 other other JJ 34823 8017 10 scores score NNS 34823 8017 11 , , , 34823 8017 12 does do VBZ 34823 8017 13 meet meet VB 34823 8017 14 this this DT 34823 8017 15 logical logical JJ 34823 8017 16 test test NN 34823 8017 17 , , , 34823 8017 18 but but CC 34823 8017 19 Davenport Davenport NNP 34823 8017 20 's 's POS 34823 8017 21 does do VBZ 34823 8017 22 not not RB 34823 8017 23 appear appear VB 34823 8017 24 to to TO 34823 8017 25 do do VB 34823 8017 26 so so RB 34823 8017 27 . . . 34823 8018 1 It -PRON- PRP 34823 8018 2 is be VBZ 34823 8018 3 interesting interesting JJ 34823 8018 4 to to TO 34823 8018 5 note note VB 34823 8018 6 that that IN 34823 8018 7 Professor Professor NNP 34823 8018 8 Alvin Alvin NNP 34823 8018 9 S. S. NNP 34823 8018 10 Johnson Johnson NNP 34823 8018 11 , , , 34823 8018 12 in in IN 34823 8018 13 his -PRON- PRP$ 34823 8018 14 review review NN 34823 8018 15 of of IN 34823 8018 16 the the DT 34823 8018 17 _ _ NNP 34823 8018 18 Economics Economics NNP 34823 8018 19 of of IN 34823 8018 20 Enterprise Enterprise NNP 34823 8018 21 _ _ NNP 34823 8018 22 , , , 34823 8018 23 concludes conclude VBZ 34823 8018 24 that that IN 34823 8018 25 Professor Professor NNP 34823 8018 26 Davenport Davenport NNP 34823 8018 27 , , , 34823 8018 28 instead instead RB 34823 8018 29 of of IN 34823 8018 30 meaning meaning NN 34823 8018 31 by by IN 34823 8018 32 " " `` 34823 8018 33 relative relative JJ 34823 8018 34 marginal marginal JJ 34823 8018 35 utility utility NN 34823 8018 36 " " '' 34823 8018 37 anything anything NN 34823 8018 38 of of IN 34823 8018 39 the the DT 34823 8018 40 sort sort NN 34823 8018 41 that that WDT 34823 8018 42 Schumpeter Schumpeter NNP 34823 8018 43 has have VBZ 34823 8018 44 in in IN 34823 8018 45 mind mind NN 34823 8018 46 in in IN 34823 8018 47 his -PRON- PRP$ 34823 8018 48 equilibrium equilibrium NN 34823 8018 49 picture picture NN 34823 8018 50 of of IN 34823 8018 51 all all DT 34823 8018 52 utilities utility NNS 34823 8018 53 to to IN 34823 8018 54 all all DT 34823 8018 55 individuals individual NNS 34823 8018 56 , , , 34823 8018 57 really really RB 34823 8018 58 has have VBZ 34823 8018 59 an an DT 34823 8018 60 absolute absolute JJ 34823 8018 61 value value NN 34823 8018 62 in in IN 34823 8018 63 mind mind NN 34823 8018 64 . . . 34823 8019 1 ( ( -LRB- 34823 8019 2 _ _ NNP 34823 8019 3 Quarterly Quarterly NNP 34823 8019 4 Journal Journal NNP 34823 8019 5 of of IN 34823 8019 6 Economics Economics NNP 34823 8019 7 _ _ NNP 34823 8019 8 , , , 34823 8019 9 May May NNP 34823 8019 10 , , , 34823 8019 11 1914 1914 CD 34823 8019 12 , , , 34823 8019 13 pp pp NNP 34823 8019 14 . . . 34823 8020 1 433 433 CD 34823 8020 2 - - SYM 34823 8020 3 436 436 CD 34823 8020 4 . . . 34823 8020 5 ) ) -RRB- 34823 8021 1 There there EX 34823 8021 2 is be VBZ 34823 8021 3 much much JJ 34823 8021 4 in in IN 34823 8021 5 Professor Professor NNP 34823 8021 6 Davenport Davenport NNP 34823 8021 7 's 's POS 34823 8021 8 book book NN 34823 8021 9 to to TO 34823 8021 10 justify justify VB 34823 8021 11 this this DT 34823 8021 12 interpretation interpretation NN 34823 8021 13 . . . 34823 8022 1 Professor Professor NNP 34823 8022 2 Davenport Davenport NNP 34823 8022 3 's 's POS 34823 8022 4 application application NN 34823 8022 5 of of IN 34823 8022 6 " " `` 34823 8022 7 utility utility NN 34823 8022 8 " " '' 34823 8022 9 to to IN 34823 8022 10 the the DT 34823 8022 11 problem problem NN 34823 8022 12 of of IN 34823 8022 13 the the DT 34823 8022 14 value value NN 34823 8022 15 of of IN 34823 8022 16 money money NN 34823 8022 17 will will MD 34823 8022 18 be be VB 34823 8022 19 found find VBN 34823 8022 20 on on IN 34823 8022 21 pp pp NNP 34823 8022 22 . . . 34823 8023 1 267 267 CD 34823 8023 2 - - SYM 34823 8023 3 275 275 CD 34823 8023 4 of of IN 34823 8023 5 the the DT 34823 8023 6 _ _ NNP 34823 8023 7 Economics Economics NNP 34823 8023 8 of of IN 34823 8023 9 Enterprise Enterprise NNP 34823 8023 10 _ _ NNP 34823 8023 11 . . . 34823 8024 1 The the DT 34823 8024 2 general general JJ 34823 8024 3 discussion discussion NN 34823 8024 4 of of IN 34823 8024 5 money money NN 34823 8024 6 and and CC 34823 8024 7 credit credit NN 34823 8024 8 in in IN 34823 8024 9 the the DT 34823 8024 10 _ _ NNP 34823 8024 11 Economics Economics NNP 34823 8024 12 of of IN 34823 8024 13 Enterprise Enterprise NNP 34823 8024 14 _ _ NNP 34823 8024 15 has have VBZ 34823 8024 16 been be VBN 34823 8024 17 exceedingly exceedingly RB 34823 8024 18 illuminating illuminate VBG 34823 8024 19 to to IN 34823 8024 20 me -PRON- PRP 34823 8024 21 , , , 34823 8024 22 and and CC 34823 8024 23 my -PRON- PRP$ 34823 8024 24 indebtedness indebtedness NN 34823 8024 25 to to IN 34823 8024 26 it -PRON- PRP 34823 8024 27 will will MD 34823 8024 28 appear appear VB 34823 8024 29 in in IN 34823 8024 30 the the DT 34823 8024 31 present present JJ 34823 8024 32 book book NN 34823 8024 33 . . . 34823 8025 1 Much much JJ 34823 8025 2 of of IN 34823 8025 3 what what WP 34823 8025 4 has have VBZ 34823 8025 5 been be VBN 34823 8025 6 said say VBN 34823 8025 7 of of IN 34823 8025 8 Davenport Davenport NNP 34823 8025 9 's 's POS 34823 8025 10 " " `` 34823 8025 11 relative relative JJ 34823 8025 12 utility utility NN 34823 8025 13 " " '' 34823 8025 14 theory theory NN 34823 8025 15 may may MD 34823 8025 16 also also RB 34823 8025 17 be be VB 34823 8025 18 said say VBN 34823 8025 19 of of IN 34823 8025 20 Wicksteed Wicksteed NNP 34823 8025 21 's 's POS 34823 8025 22 . . . 34823 8026 1 ( ( -LRB- 34823 8026 2 _ _ NNP 34823 8026 3 Common Common NNP 34823 8026 4 Sense Sense NNP 34823 8026 5 of of IN 34823 8026 6 Political Political NNP 34823 8026 7 Economy Economy NNP 34823 8026 8 _ _ NNP 34823 8026 9 , , , 34823 8026 10 London London NNP 34823 8026 11 , , , 34823 8026 12 1910 1910 CD 34823 8026 13 . . . 34823 8026 14 ) ) -RRB- 34823 8027 1 This this DT 34823 8027 2 is be VBZ 34823 8027 3 in in IN 34823 8027 4 many many JJ 34823 8027 5 ways way NNS 34823 8027 6 a a DT 34823 8027 7 remarkable remarkable JJ 34823 8027 8 book book NN 34823 8027 9 , , , 34823 8027 10 characterized characterize VBN 34823 8027 11 by by IN 34823 8027 12 excellencies excellency NNS 34823 8027 13 of of IN 34823 8027 14 many many JJ 34823 8027 15 different different JJ 34823 8027 16 sorts sort NNS 34823 8027 17 . . . 34823 8028 1 But but CC 34823 8028 2 it -PRON- PRP 34823 8028 3 fails fail VBZ 34823 8028 4 to to TO 34823 8028 5 present present VB 34823 8028 6 the the DT 34823 8028 7 utility utility NN 34823 8028 8 theory theory NN 34823 8028 9 in in IN 34823 8028 10 such such PDT 34823 8028 11 a a DT 34823 8028 12 way way NN 34823 8028 13 as as IN 34823 8028 14 to to TO 34823 8028 15 avoid avoid VB 34823 8028 16 circular circular JJ 34823 8028 17 reasoning reasoning NN 34823 8028 18 . . . 34823 8029 1 Wicksteed wicksteed NN 34823 8029 2 sees see VBZ 34823 8029 3 the the DT 34823 8029 4 confusion confusion NN 34823 8029 5 of of IN 34823 8029 6 utility utility NN 34823 8029 7 - - HYPH 34823 8029 8 curves curve NNS 34823 8029 9 with with IN 34823 8029 10 demand demand NN 34823 8029 11 - - HYPH 34823 8029 12 curves curve NNS 34823 8029 13 , , , 34823 8029 14 and and CC 34823 8029 15 protests protest NNS 34823 8029 16 vigorously vigorously RB 34823 8029 17 and and CC 34823 8029 18 at at IN 34823 8029 19 length length NN 34823 8029 20 against against IN 34823 8029 21 it -PRON- PRP 34823 8029 22 . . . 34823 8030 1 ( ( -LRB- 34823 8030 2 _ _ NNP 34823 8030 3 E. E. NNP 34823 8031 1 g. g. NNP 34823 8031 2 _ _ NNP 34823 8031 3 , , , 34823 8031 4 pp pp NNP 34823 8031 5 . . . 34823 8032 1 147 147 CD 34823 8032 2 - - SYM 34823 8032 3 150 150 CD 34823 8032 4 . . . 34823 8032 5 ) ) -RRB- 34823 8033 1 He -PRON- PRP 34823 8033 2 starts start VBZ 34823 8033 3 out out RP 34823 8033 4 by by IN 34823 8033 5 assuming assume VBG 34823 8033 6 money money NN 34823 8033 7 and and CC 34823 8033 8 a a DT 34823 8033 9 set set NN 34823 8033 10 of of IN 34823 8033 11 market market NN 34823 8033 12 prices price NNS 34823 8033 13 . . . 34823 8034 1 His -PRON- PRP$ 34823 8034 2 earlier early JJR 34823 8034 3 chapters chapter NNS 34823 8034 4 are be VBP 34823 8034 5 given give VBN 34823 8034 6 to to IN 34823 8034 7 showing show VBG 34823 8034 8 how how WRB 34823 8034 9 the the DT 34823 8034 10 individual individual JJ 34823 8034 11 adjusts adjust VBZ 34823 8034 12 himself -PRON- PRP 34823 8034 13 to to IN 34823 8034 14 the the DT 34823 8034 15 market market NN 34823 8034 16 , , , 34823 8034 17 bringing bring VBG 34823 8034 18 his -PRON- PRP$ 34823 8034 19 " " `` 34823 8034 20 marginal marginal JJ 34823 8034 21 utilities utility NNS 34823 8034 22 " " '' 34823 8034 23 of of IN 34823 8034 24 various various JJ 34823 8034 25 goods good NNS 34823 8034 26 into into IN 34823 8034 27 harmony harmony NN 34823 8034 28 with with IN 34823 8034 29 the the DT 34823 8034 30 market market NN 34823 8034 31 prices price NNS 34823 8034 32 . . . 34823 8035 1 He -PRON- PRP 34823 8035 2 recognizes recognize VBZ 34823 8035 3 that that IN 34823 8035 4 he -PRON- PRP 34823 8035 5 has have VBZ 34823 8035 6 made make VBN 34823 8035 7 these these DT 34823 8035 8 assumptions assumption NNS 34823 8035 9 ( ( -LRB- 34823 8035 10 pp pp NNP 34823 8035 11 . . . 34823 8036 1 130 130 CD 34823 8036 2 - - SYM 34823 8036 3 131 131 CD 34823 8036 4 ) ) -RRB- 34823 8036 5 , , , 34823 8036 6 and and CC 34823 8036 7 that that IN 34823 8036 8 he -PRON- PRP 34823 8036 9 can can MD 34823 8036 10 not not RB 34823 8036 11 use use VB 34823 8036 12 the the DT 34823 8036 13 results result NNS 34823 8036 14 thus thus RB 34823 8036 15 achieved achieve VBN 34823 8036 16 as as IN 34823 8036 17 an an DT 34823 8036 18 explanation explanation NN 34823 8036 19 of of IN 34823 8036 20 the the DT 34823 8036 21 market market NN 34823 8036 22 prices price NNS 34823 8036 23 . . . 34823 8037 1 They -PRON- PRP 34823 8037 2 are be VBP 34823 8037 3 " " `` 34823 8037 4 our -PRON- PRP$ 34823 8037 5 goal goal NN 34823 8037 6 , , , 34823 8037 7 not not RB 34823 8037 8 our -PRON- PRP$ 34823 8037 9 starting starting NN 34823 8037 10 point point NN 34823 8037 11 . . . 34823 8037 12 " " '' 34823 8038 1 But but CC 34823 8038 2 by by IN 34823 8038 3 pp pp NNP 34823 8038 4 . . . 34823 8039 1 161 161 CD 34823 8039 2 - - SYM 34823 8039 3 162 162 CD 34823 8039 4 he -PRON- PRP 34823 8039 5 finds find VBZ 34823 8039 6 himself -PRON- PRP 34823 8039 7 with with IN 34823 8039 8 the the DT 34823 8039 9 " " `` 34823 8039 10 suspicion suspicion NN 34823 8039 11 " " '' 34823 8039 12 that that IN 34823 8039 13 nothing nothing NN 34823 8039 14 special special JJ 34823 8039 15 or or CC 34823 8039 16 peculiar peculiar JJ 34823 8039 17 is be VBZ 34823 8039 18 to to TO 34823 8039 19 be be VB 34823 8039 20 found find VBN 34823 8039 21 in in IN 34823 8039 22 the the DT 34823 8039 23 laws law NNS 34823 8039 24 of of IN 34823 8039 25 " " `` 34823 8039 26 market market NN 34823 8039 27 or or CC 34823 8039 28 current current JJ 34823 8039 29 prices price NNS 34823 8039 30 -- -- : 34823 8039 31 a a DT 34823 8039 32 phenomenon phenomenon NN 34823 8039 33 which which WDT 34823 8039 34 it -PRON- PRP 34823 8039 35 is be VBZ 34823 8039 36 obviously obviously RB 34823 8039 37 impossible impossible JJ 34823 8039 38 to to TO 34823 8039 39 regard regard VB 34823 8039 40 as as IN 34823 8039 41 ultimate ultimate JJ 34823 8039 42 , , , 34823 8039 43 which which WDT 34823 8039 44 demands demand VBZ 34823 8039 45 explanation explanation NN 34823 8039 46 , , , 34823 8039 47 and and CC 34823 8039 48 which which WDT 34823 8039 49 we -PRON- PRP 34823 8039 50 have have VBP 34823 8039 51 not not RB 34823 8039 52 yet yet RB 34823 8039 53 explained explain VBN 34823 8039 54 .... .... . 34823 8039 55 Much much RB 34823 8039 56 remains remain VBZ 34823 8039 57 to to TO 34823 8039 58 be be VB 34823 8039 59 done do VBN 34823 8039 60 , , , 34823 8039 61 but but CC 34823 8039 62 we -PRON- PRP 34823 8039 63 can can MD 34823 8039 64 already already RB 34823 8039 65 see see VB 34823 8039 66 that that IN 34823 8039 67 the the DT 34823 8039 68 preferences preference NNS 34823 8039 69 of of IN 34823 8039 70 each each DT 34823 8039 71 individual individual JJ 34823 8039 72 help help NN 34823 8039 73 to to TO 34823 8039 74 determine determine VB 34823 8039 75 the the DT 34823 8039 76 terms term NNS 34823 8039 77 or or CC 34823 8039 78 conditions condition NNS 34823 8039 79 under under IN 34823 8039 80 which which WDT 34823 8039 81 the the DT 34823 8039 82 choice choice NN 34823 8039 83 of of IN 34823 8039 84 other other JJ 34823 8039 85 members member NNS 34823 8039 86 of of IN 34823 8039 87 the the DT 34823 8039 88 community community NN 34823 8039 89 must must MD 34823 8039 90 be be VB 34823 8039 91 exercised exercise VBN 34823 8039 92 . . . 34823 8040 1 If if IN 34823 8040 2 you -PRON- PRP 34823 8040 3 take take VBP 34823 8040 4 the the DT 34823 8040 5 individuals individual NNS 34823 8040 6 of of IN 34823 8040 7 the the DT 34823 8040 8 community community NN 34823 8040 9 two two CD 34823 8040 10 and and CC 34823 8040 11 two two CD 34823 8040 12 it -PRON- PRP 34823 8040 13 is be VBZ 34823 8040 14 clear clear JJ 34823 8040 15 that that IN 34823 8040 16 the the DT 34823 8040 17 marginal marginal JJ 34823 8040 18 preferences preference NNS 34823 8040 19 of of IN 34823 8040 20 each each DT 34823 8040 21 determine determine NN 34823 8040 22 the the DT 34823 8040 23 limits limit NNS 34823 8040 24 within within IN 34823 8040 25 which which WDT 34823 8040 26 direct direct JJ 34823 8040 27 exchanges exchange NNS 34823 8040 28 with with IN 34823 8040 29 the the DT 34823 8040 30 other other JJ 34823 8040 31 can can MD 34823 8040 32 be be VB 34823 8040 33 entertained entertain VBN 34823 8040 34 , , , 34823 8040 35 and and CC 34823 8040 36 we -PRON- PRP 34823 8040 37 must must MD 34823 8040 38 already already RB 34823 8040 39 have have VB 34823 8040 40 at at IN 34823 8040 41 least least JJS 34823 8040 42 a a DT 34823 8040 43 presentiment presentiment NN 34823 8040 44 that that WDT 34823 8040 45 the the DT 34823 8040 46 collective collective JJ 34823 8040 47 scale scale NN 34823 8040 48 is be VBZ 34823 8040 49 the the DT 34823 8040 50 register register NN 34823 8040 51 of of IN 34823 8040 52 the the DT 34823 8040 53 final final JJ 34823 8040 54 and and CC 34823 8040 55 precise precise JJ 34823 8040 56 ' ' `` 34823 8040 57 resultant resultant NN 34823 8040 58 ' ' '' 34823 8040 59 of of IN 34823 8040 60 all all PDT 34823 8040 61 these these DT 34823 8040 62 mutually mutually RB 34823 8040 63 determining determine VBG 34823 8040 64 conditions condition NNS 34823 8040 65 and and CC 34823 8040 66 forces force NNS 34823 8040 67 . . . 34823 8040 68 " " '' 34823 8041 1 This this DT 34823 8041 2 seems seem VBZ 34823 8041 3 to to TO 34823 8041 4 forecast forecast VB 34823 8041 5 Schumpeter Schumpeter NNP 34823 8041 6 's 's POS 34823 8041 7 doctrine doctrine NN 34823 8041 8 , , , 34823 8041 9 but but CC 34823 8041 10 in in IN 34823 8041 11 the the DT 34823 8041 12 development development NN 34823 8041 13 which which WDT 34823 8041 14 follows follow VBZ 34823 8041 15 , , , 34823 8041 16 we -PRON- PRP 34823 8041 17 do do VBP 34823 8041 18 not not RB 34823 8041 19 find find VB 34823 8041 20 it -PRON- PRP 34823 8041 21 . . . 34823 8042 1 The the DT 34823 8042 2 heart heart NN 34823 8042 3 of of IN 34823 8042 4 his -PRON- PRP$ 34823 8042 5 analysis analysis NN 34823 8042 6 of of IN 34823 8042 7 the the DT 34823 8042 8 causation causation NN 34823 8042 9 of of IN 34823 8042 10 prices price NNS 34823 8042 11 is be VBZ 34823 8042 12 in in IN 34823 8042 13 ch ch NN 34823 8042 14 . . . 34823 8043 1 vi vi NNP 34823 8043 2 , , , 34823 8043 3 on on IN 34823 8043 4 " " `` 34823 8043 5 Markets Markets NNPS 34823 8043 6 . . . 34823 8043 7 " " '' 34823 8044 1 The the DT 34823 8044 2 " " `` 34823 8044 3 summary summary NN 34823 8044 4 " " '' 34823 8044 5 which which WDT 34823 8044 6 precedes precede NNS 34823 8044 7 that that DT 34823 8044 8 chapter chapter NN 34823 8044 9 again again RB 34823 8044 10 suggests suggest VBZ 34823 8044 11 Schumpeter Schumpeter NNP 34823 8044 12 's 's POS 34823 8044 13 analysis analysis NN 34823 8044 14 -- -- : 34823 8044 15 the the DT 34823 8044 16 notion notion NN 34823 8044 17 of of IN 34823 8044 18 an an DT 34823 8044 19 all all RB 34823 8044 20 - - HYPH 34823 8044 21 embracing embrace VBG 34823 8044 22 equilibrium equilibrium NN 34823 8044 23 . . . 34823 8045 1 But but CC 34823 8045 2 when when WRB 34823 8045 3 we -PRON- PRP 34823 8045 4 get get VBP 34823 8045 5 into into IN 34823 8045 6 the the DT 34823 8045 7 detailed detailed JJ 34823 8045 8 analyses analysis NNS 34823 8045 9 of of IN 34823 8045 10 the the DT 34823 8045 11 chapter chapter NN 34823 8045 12 we -PRON- PRP 34823 8045 13 find find VBP 34823 8045 14 nothing nothing NN 34823 8045 15 more more JJR 34823 8045 16 than than IN 34823 8045 17 an an DT 34823 8045 18 exceedingly exceedingly RB 34823 8045 19 good good JJ 34823 8045 20 account account NN 34823 8045 21 of of IN 34823 8045 22 the the DT 34823 8045 23 process process NN 34823 8045 24 by by IN 34823 8045 25 which which WDT 34823 8045 26 supply supply NN 34823 8045 27 and and CC 34823 8045 28 demand demand NN 34823 8045 29 of of IN 34823 8045 30 particular particular JJ 34823 8045 31 goods good NNS 34823 8045 32 , , , 34823 8045 33 considered consider VBN 34823 8045 34 separately separately RB 34823 8045 35 , , , 34823 8045 36 become become VBN 34823 8045 37 equated equated JJ 34823 8045 38 , , , 34823 8045 39 through through IN 34823 8045 40 two two CD 34823 8045 41 - - HYPH 34823 8045 42 sided sided JJ 34823 8045 43 competition competition NN 34823 8045 44 , , , 34823 8045 45 and and CC 34823 8045 46 under under IN 34823 8045 47 conditions condition NNS 34823 8045 48 of of IN 34823 8045 49 monopoly monopoly NN 34823 8045 50 . . . 34823 8046 1 Instead instead RB 34823 8046 2 of of IN 34823 8046 3 " " `` 34823 8046 4 relative relative JJ 34823 8046 5 marginal marginal JJ 34823 8046 6 utilities utility NNS 34823 8046 7 , , , 34823 8046 8 " " `` 34823 8046 9 we -PRON- PRP 34823 8046 10 see see VBP 34823 8046 11 customers customer NNS 34823 8046 12 coming come VBG 34823 8046 13 into into IN 34823 8046 14 the the DT 34823 8046 15 market market NN 34823 8046 16 with with IN 34823 8046 17 various various JJ 34823 8046 18 money money NN 34823 8046 19 - - HYPH 34823 8046 20 prices price NNS 34823 8046 21 in in IN 34823 8046 22 mind mind NN 34823 8046 23 , , , 34823 8046 24 and and CC 34823 8046 25 sellers seller NNS 34823 8046 26 trying try VBG 34823 8046 27 out out RP 34823 8046 28 various various JJ 34823 8046 29 money money NN 34823 8046 30 - - HYPH 34823 8046 31 prices price NNS 34823 8046 32 -- -- : 34823 8046 33 not not RB 34823 8046 34 marginal marginal JJ 34823 8046 35 utilities utility NNS 34823 8046 36 , , , 34823 8046 37 nor nor CC 34823 8046 38 yet yet RB 34823 8046 39 two two CD 34823 8046 40 or or CC 34823 8046 41 more more JJR 34823 8046 42 marginal marginal JJ 34823 8046 43 utilities utility NNS 34823 8046 44 in in IN 34823 8046 45 comparison comparison NN 34823 8046 46 with with IN 34823 8046 47 one one CD 34823 8046 48 another another DT 34823 8046 49 , , , 34823 8046 50 but but CC 34823 8046 51 rather rather RB 34823 8046 52 , , , 34823 8046 53 money money NN 34823 8046 54 - - HYPH 34823 8046 55 prices price NNS 34823 8046 56 , , , 34823 8046 57 which which WDT 34823 8046 58 , , , 34823 8046 59 in in IN 34823 8046 60 the the DT 34823 8046 61 minds mind NNS 34823 8046 62 of of IN 34823 8046 63 the the DT 34823 8046 64 buyers buyer NNS 34823 8046 65 may may MD 34823 8046 66 be be VB 34823 8046 67 supposed suppose VBN 34823 8046 68 to to TO 34823 8046 69 represent represent VB 34823 8046 70 " " `` 34823 8046 71 subjective subjective JJ 34823 8046 72 values value NNS 34823 8046 73 in in IN 34823 8046 74 exchange exchange NN 34823 8046 75 , , , 34823 8046 76 " " `` 34823 8046 77 based base VBN 34823 8046 78 on on IN 34823 8046 79 both both DT 34823 8046 80 marginal marginal JJ 34823 8046 81 utilities utility NNS 34823 8046 82 _ _ NNP 34823 8046 83 and and CC 34823 8046 84 _ _ NNP 34823 8046 85 objective objective JJ 34823 8046 86 prices price NNS 34823 8046 87 of of IN 34823 8046 88 other other JJ 34823 8046 89 things thing NNS 34823 8046 90 that that WDT 34823 8046 91 enter enter VBP 34823 8046 92 into into IN 34823 8046 93 the the DT 34823 8046 94 budget budget NN 34823 8046 95 , , , 34823 8046 96 and and CC 34823 8046 97 which which WDT 34823 8046 98 , , , 34823 8046 99 in in IN 34823 8046 100 the the DT 34823 8046 101 minds mind NNS 34823 8046 102 of of IN 34823 8046 103 sellers seller NNS 34823 8046 104 , , , 34823 8046 105 represent represent NN 34823 8046 106 estimates estimate NNS 34823 8046 107 of of IN 34823 8046 108 the the DT 34823 8046 109 prices price NNS 34823 8046 110 which which WDT 34823 8046 111 buyers buyer NNS 34823 8046 112 may may MD 34823 8046 113 be be VB 34823 8046 114 induced induce VBN 34823 8046 115 to to TO 34823 8046 116 pay pay VB 34823 8046 117 . . . 34823 8047 1 Wicksteed wicksteed NN 34823 8047 2 does do VBZ 34823 8047 3 not not RB 34823 8047 4 transcend transcend VB 34823 8047 5 the the DT 34823 8047 6 circle circle NN 34823 8047 7 . . . 34823 8048 1 Finally finally RB 34823 8048 2 , , , 34823 8048 3 despite despite IN 34823 8048 4 his -PRON- PRP$ 34823 8048 5 caution caution NN 34823 8048 6 to to TO 34823 8048 7 avoid avoid VB 34823 8048 8 the the DT 34823 8048 9 more more JJR 34823 8048 10 glaring glaring JJ 34823 8048 11 forms form NNS 34823 8048 12 of of IN 34823 8048 13 the the DT 34823 8048 14 circle circle NN 34823 8048 15 , , , 34823 8048 16 and and CC 34823 8048 17 the the DT 34823 8048 18 confounding confounding NN 34823 8048 19 of of IN 34823 8048 20 demand demand NN 34823 8048 21 - - HYPH 34823 8048 22 curves curve NNS 34823 8048 23 with with IN 34823 8048 24 utility utility NN 34823 8048 25 - - HYPH 34823 8048 26 curves curve NNS 34823 8048 27 , , , 34823 8048 28 and and CC 34823 8048 29 of of IN 34823 8048 30 utility utility NN 34823 8048 31 with with IN 34823 8048 32 value value NN 34823 8048 33 , , , 34823 8048 34 he -PRON- PRP 34823 8048 35 does do VBZ 34823 8048 36 lapse lapse VB 34823 8048 37 into into IN 34823 8048 38 it -PRON- PRP 34823 8048 39 in in IN 34823 8048 40 its -PRON- PRP$ 34823 8048 41 completest completest NN 34823 8048 42 form form NN 34823 8048 43 in in IN 34823 8048 44 expounding expound VBG 34823 8048 45 the the DT 34823 8048 46 Austrian austrian JJ 34823 8048 47 doctrine doctrine NN 34823 8048 48 of of IN 34823 8048 49 cost cost NN 34823 8048 50 of of IN 34823 8048 51 production production NN 34823 8048 52 . . . 34823 8049 1 " " `` 34823 8049 2 The the DT 34823 8049 3 only only JJ 34823 8049 4 sense sense NN 34823 8049 5 , , , 34823 8049 6 then then RB 34823 8049 7 , , , 34823 8049 8 in in IN 34823 8049 9 which which WDT 34823 8049 10 cost cost NN 34823 8049 11 of of IN 34823 8049 12 production production NN 34823 8049 13 can can MD 34823 8049 14 affect affect VB 34823 8049 15 the the DT 34823 8049 16 value value NN 34823 8049 17 of of IN 34823 8049 18 one one CD 34823 8049 19 thing thing NN 34823 8049 20 is be VBZ 34823 8049 21 the the DT 34823 8049 22 sense sense NN 34823 8049 23 in in IN 34823 8049 24 which which WDT 34823 8049 25 it -PRON- PRP 34823 8049 26 is be VBZ 34823 8049 27 itself -PRON- PRP 34823 8049 28 the the DT 34823 8049 29 value value NN 34823 8049 30 of of IN 34823 8049 31 another another DT 34823 8049 32 thing thing NN 34823 8049 33 . . . 34823 8050 1 Thus thus RB 34823 8050 2 what what WP 34823 8050 3 has have VBZ 34823 8050 4 been be VBN 34823 8050 5 variously variously RB 34823 8050 6 termed term VBN 34823 8050 7 utility utility NN 34823 8050 8 , , , 34823 8050 9 ophelemity ophelemity NN 34823 8050 10 , , , 34823 8050 11 or or CC 34823 8050 12 desiredness desiredness NN 34823 8050 13 , , , 34823 8050 14 is be VBZ 34823 8050 15 the the DT 34823 8050 16 sole sole JJ 34823 8050 17 and and CC 34823 8050 18 ultimate ultimate JJ 34823 8050 19 determinant determinant NN 34823 8050 20 of of IN 34823 8050 21 all all DT 34823 8050 22 exchange exchange NN 34823 8050 23 values value NNS 34823 8050 24 . . . 34823 8050 25 " " '' 34823 8051 1 ( ( -LRB- 34823 8051 2 P. P. NNP 34823 8052 1 391 391 CD 34823 8052 2 . . . 34823 8052 3 ) ) -RRB- 34823 8053 1 Here here RB 34823 8053 2 is be VBZ 34823 8053 3 the the DT 34823 8053 4 illicit illicit JJ 34823 8053 5 leap leap NN 34823 8053 6 from from IN 34823 8053 7 marginal marginal JJ 34823 8053 8 demand demand NN 34823 8053 9 price price NN 34823 8053 10 to to IN 34823 8053 11 marginal marginal JJ 34823 8053 12 utility utility NN 34823 8053 13 which which WDT 34823 8053 14 all all DT 34823 8053 15 utility utility NN 34823 8053 16 theorists theorist NNS 34823 8053 17 make make VBP 34823 8053 18 , , , 34823 8053 19 sooner sooner RB 34823 8053 20 or or CC 34823 8053 21 later later RB 34823 8053 22 ! ! . 34823 8054 1 It -PRON- PRP 34823 8054 2 is be VBZ 34823 8054 3 true true JJ 34823 8054 4 that that IN 34823 8054 5 costs cost NNS 34823 8054 6 in in IN 34823 8054 7 one one CD 34823 8054 8 place place NN 34823 8054 9 are be VBP 34823 8054 10 reflections reflection NNS 34823 8054 11 of of IN 34823 8054 12 _ _ NNP 34823 8054 13 demand demand NN 34823 8054 14 _ _ NNP 34823 8054 15 elsewhere elsewhere RB 34823 8054 16 . . . 34823 8055 1 But but CC 34823 8055 2 it -PRON- PRP 34823 8055 3 is be VBZ 34823 8055 4 not not RB 34823 8055 5 true true JJ 34823 8055 6 that that IN 34823 8055 7 costs cost NNS 34823 8055 8 in in IN 34823 8055 9 one one CD 34823 8055 10 place place NN 34823 8055 11 have have VBP 34823 8055 12 any any DT 34823 8055 13 definite definite JJ 34823 8055 14 quantitative quantitative JJ 34823 8055 15 relation relation NN 34823 8055 16 to to IN 34823 8055 17 _ _ NNP 34823 8055 18 utilities utilities NNP 34823 8055 19 _ _ NNP 34823 8055 20 in in IN 34823 8055 21 another another DT 34823 8055 22 place place NN 34823 8055 23 ! ! . 34823 8056 1 When when WRB 34823 8056 2 Wicksteed Wicksteed NNP 34823 8056 3 comes come VBZ 34823 8056 4 to to TO 34823 8056 5 discuss discuss VB 34823 8056 6 the the DT 34823 8056 7 value value NN 34823 8056 8 of of IN 34823 8056 9 money money NN 34823 8056 10 , , , 34823 8056 11 he -PRON- PRP 34823 8056 12 makes make VBZ 34823 8056 13 slight slight JJ 34823 8056 14 use use NN 34823 8056 15 of of IN 34823 8056 16 the the DT 34823 8056 17 notion notion NN 34823 8056 18 of of IN 34823 8056 19 abstract abstract JJ 34823 8056 20 ratios ratio NNS 34823 8056 21 among among IN 34823 8056 22 relative relative JJ 34823 8056 23 utilities utility NNS 34823 8056 24 , , , 34823 8056 25 and and CC 34823 8056 26 employs employ VBZ 34823 8056 27 a a DT 34823 8056 28 concept concept NN 34823 8056 29 which which WDT 34823 8056 30 he -PRON- PRP 34823 8056 31 has have VBZ 34823 8056 32 nowhere nowhere RB 34823 8056 33 vindicated vindicate VBN 34823 8056 34 or or CC 34823 8056 35 explained explain VBN 34823 8056 36 : : : 34823 8056 37 the the DT 34823 8056 38 _ _ NNP 34823 8056 39 value value NN 34823 8056 40 _ _ NNP 34823 8056 41 of of IN 34823 8056 42 money money NN 34823 8056 43 , , , 34823 8056 44 as as IN 34823 8056 45 distinct distinct JJ 34823 8056 46 from from IN 34823 8056 47 the the DT 34823 8056 48 reciprocal reciprocal NN 34823 8056 49 of of IN 34823 8056 50 the the DT 34823 8056 51 price price NN 34823 8056 52 - - HYPH 34823 8056 53 level level NN 34823 8056 54 , , , 34823 8056 55 treating treat VBG 34823 8056 56 the the DT 34823 8056 57 value value NN 34823 8056 58 of of IN 34823 8056 59 money money NN 34823 8056 60 as as IN 34823 8056 61 something something NN 34823 8056 62 which which WDT 34823 8056 63 can can MD 34823 8056 64 be be VB 34823 8056 65 directly directly RB 34823 8056 66 influenced influence VBN 34823 8056 67 by by IN 34823 8056 68 sinister sinister JJ 34823 8056 69 rumors rumor NNS 34823 8056 70 affecting affect VBG 34823 8056 71 the the DT 34823 8056 72 credit credit NN 34823 8056 73 of of IN 34823 8056 74 the the DT 34823 8056 75 Government Government NNP 34823 8056 76 , , , 34823 8056 77 and and CC 34823 8056 78 which which WDT 34823 8056 79 can can MD 34823 8056 80 be be VB 34823 8056 81 an an DT 34823 8056 82 independent independent JJ 34823 8056 83 cause cause NN 34823 8056 84 affecting affect VBG 34823 8056 85 velocity velocity NN 34823 8056 86 of of IN 34823 8056 87 circulation circulation NN 34823 8056 88 , , , 34823 8056 89 and and CC 34823 8056 90 the the DT 34823 8056 91 amount amount NN 34823 8056 92 of of IN 34823 8056 93 trade trade NN 34823 8056 94 done do VBN 34823 8056 95 by by IN 34823 8056 96 means mean NNS 34823 8056 97 of of IN 34823 8056 98 money money NN 34823 8056 99 . . . 34823 8057 1 _ _ NNP 34823 8057 2 Loc Loc NNP 34823 8057 3 . . . 34823 8058 1 cit cit NNP 34823 8058 2 . . . 34823 8058 3 _ _ NNP 34823 8058 4 , , , 34823 8058 5 p. p. NN 34823 8058 6 623 623 CD 34823 8058 7 . . . 34823 8059 1 See see VB 34823 8059 2 _ _ NNP 34823 8059 3 infra infra NN 34823 8059 4 _ _ NNP 34823 8059 5 , , , 34823 8059 6 our -PRON- PRP$ 34823 8059 7 chapter chapter NN 34823 8059 8 on on IN 34823 8059 9 " " `` 34823 8059 10 Velocity Velocity NNP 34823 8059 11 of of IN 34823 8059 12 Circulation Circulation NNP 34823 8059 13 . . . 34823 8059 14 " " '' 34823 8060 1 The the DT 34823 8060 2 only only JJ 34823 8060 3 writers writer NNS 34823 8060 4 I -PRON- PRP 34823 8060 5 know know VBP 34823 8060 6 at at IN 34823 8060 7 first first JJ 34823 8060 8 hand hand NN 34823 8060 9 who who WP 34823 8060 10 have have VBP 34823 8060 11 really really RB 34823 8060 12 thought think VBN 34823 8060 13 the the DT 34823 8060 14 thing thing NN 34823 8060 15 through through RB 34823 8060 16 , , , 34823 8060 17 and and CC 34823 8060 18 avoided avoid VBD 34823 8060 19 the the DT 34823 8060 20 circle circle NN 34823 8060 21 in in IN 34823 8060 22 form form NN 34823 8060 23 , , , 34823 8060 24 are be VBP 34823 8060 25 Schumpeter Schumpeter NNP 34823 8060 26 and and CC 34823 8060 27 Irving Irving NNP 34823 8060 28 Fisher Fisher NNP 34823 8060 29 . . . 34823 8061 1 ( ( -LRB- 34823 8061 2 _ _ NNP 34823 8061 3 Mathematical Mathematical NNP 34823 8061 4 Investigations Investigations NNPS 34823 8061 5 in in IN 34823 8061 6 the the DT 34823 8061 7 Theory Theory NNP 34823 8061 8 of of IN 34823 8061 9 Value Value NNP 34823 8061 10 and and CC 34823 8061 11 Prices Prices NNPS 34823 8061 12 _ _ NNP 34823 8061 13 , , , 34823 8061 14 _ _ NNP 34823 8061 15 Trans Trans NNP 34823 8061 16 . . . 34823 8062 1 Conn. Connecticut NNP 34823 8062 2 Acad Acad NNP 34823 8062 3 . . . 34823 8063 1 of of IN 34823 8063 2 Arts Arts NNPS 34823 8063 3 and and CC 34823 8063 4 Sciences Sciences NNPS 34823 8063 5 _ _ NNP 34823 8063 6 , , , 34823 8063 7 1892 1892 CD 34823 8063 8 . . . 34823 8064 1 See see VB 34823 8064 2 bibliographical bibliographical JJ 34823 8064 3 note note NN 34823 8064 4 , , , 34823 8064 5 _ _ NNP 34823 8064 6 supra supra NNP 34823 8064 7 _ _ NNP 34823 8064 8 , , , 34823 8064 9 in in IN 34823 8064 10 this this DT 34823 8064 11 chapter chapter NN 34823 8064 12 . . . 34823 8064 13 ) ) -RRB- 34823 8065 1 I -PRON- PRP 34823 8065 2 have have VBP 34823 8065 3 given give VBN 34823 8065 4 an an DT 34823 8065 5 exposition exposition NN 34823 8065 6 of of IN 34823 8065 7 Schumpeter Schumpeter NNP 34823 8065 8 , , , 34823 8065 9 rather rather RB 34823 8065 10 than than IN 34823 8065 11 Fisher Fisher NNP 34823 8065 12 , , , 34823 8065 13 because because IN 34823 8065 14 the the DT 34823 8065 15 former former NN 34823 8065 16 has have VBZ 34823 8065 17 put put VBN 34823 8065 18 the the DT 34823 8065 19 doctrine doctrine NN 34823 8065 20 in in IN 34823 8065 21 non non JJ 34823 8065 22 - - JJ 34823 8065 23 mathematical mathematical JJ 34823 8065 24 form form NN 34823 8065 25 . . . 34823 8066 1 In in IN 34823 8066 2 the the DT 34823 8066 3 text text NN 34823 8066 4 I -PRON- PRP 34823 8066 5 have have VBP 34823 8066 6 indicated indicate VBN 34823 8066 7 the the DT 34823 8066 8 limitations limitation NNS 34823 8066 9 of of IN 34823 8066 10 their -PRON- PRP$ 34823 8066 11 doctrine doctrine NN 34823 8066 12 . . . 34823 8067 1 Fisher fisher NN 34823 8067 2 definitely definitely RB 34823 8067 3 avows avow VBZ 34823 8067 4 the the DT 34823 8067 5 impossibility impossibility NN 34823 8067 6 of of IN 34823 8067 7 applying apply VBG 34823 8067 8 the the DT 34823 8067 9 doctrine doctrine NN 34823 8067 10 to to IN 34823 8067 11 the the DT 34823 8067 12 problem problem NN 34823 8067 13 of of IN 34823 8067 14 the the DT 34823 8067 15 value value NN 34823 8067 16 of of IN 34823 8067 17 money money NN 34823 8067 18 . . . 34823 8068 1 _ _ NNP 34823 8068 2 Purchasing Purchasing NNP 34823 8068 3 Power Power NNP 34823 8068 4 of of IN 34823 8068 5 Money Money NNP 34823 8068 6 _ _ NNP 34823 8068 7 , , , 34823 8068 8 p. p. NN 34823 8068 9 174 174 CD 34823 8068 10 . . . 34823 8069 1 Schumpeter schumpeter NN 34823 8069 2 does do VBZ 34823 8069 3 n't not RB 34823 8069 4 apply apply VB 34823 8069 5 it -PRON- PRP 34823 8069 6 to to IN 34823 8069 7 money money NN 34823 8069 8 , , , 34823 8069 9 and and CC 34823 8069 10 when when WRB 34823 8069 11 he -PRON- PRP 34823 8069 12 tries try VBZ 34823 8069 13 to to TO 34823 8069 14 work work VB 34823 8069 15 out out RP 34823 8069 16 a a DT 34823 8069 17 utility utility NN 34823 8069 18 doctrine doctrine NN 34823 8069 19 of of IN 34823 8069 20 money money NN 34823 8069 21 , , , 34823 8069 22 he -PRON- PRP 34823 8069 23 lapses lapse VBZ 34823 8069 24 into into IN 34823 8069 25 the the DT 34823 8069 26 Austrian austrian JJ 34823 8069 27 circle circle NN 34823 8069 28 in in IN 34823 8069 29 a a DT 34823 8069 30 very very RB 34823 8069 31 obvious obvious JJ 34823 8069 32 form form NN 34823 8069 33 . . . 34823 8070 1 In in IN 34823 8070 2 later later JJ 34823 8070 3 writings writing NNS 34823 8070 4 , , , 34823 8070 5 Fisher Fisher NNP 34823 8070 6 also also RB 34823 8070 7 seems seem VBZ 34823 8070 8 to to TO 34823 8070 9 forget forget VB 34823 8070 10 the the DT 34823 8070 11 limitations limitation NNS 34823 8070 12 imposed impose VBN 34823 8070 13 on on IN 34823 8070 14 utility utility NN 34823 8070 15 theory theory NN 34823 8070 16 in in IN 34823 8070 17 his -PRON- PRP$ 34823 8070 18 earlier early JJR 34823 8070 19 essay essay NN 34823 8070 20 . . . 34823 8071 1 In in IN 34823 8071 2 his -PRON- PRP$ 34823 8071 3 _ _ NNP 34823 8071 4 Elementary Elementary NNP 34823 8071 5 Principles Principles NNPS 34823 8071 6 _ _ NNP 34823 8071 7 , , , 34823 8071 8 ed ed NNP 34823 8071 9 . . . 34823 8072 1 1912 1912 CD 34823 8072 2 , , , 34823 8072 3 Fisher Fisher NNP 34823 8072 4 lists list NNS 34823 8072 5 ( ( -LRB- 34823 8072 6 pp pp NNP 34823 8072 7 . . . 34823 8073 1 408 408 CD 34823 8073 2 - - SYM 34823 8073 3 409 409 CD 34823 8073 4 ) ) -RRB- 34823 8073 5 a a DT 34823 8073 6 great great JJ 34823 8073 7 multitude multitude NN 34823 8073 8 of of IN 34823 8073 9 factors factor NNS 34823 8073 10 that that WDT 34823 8073 11 might may MD 34823 8073 12 affect affect VB 34823 8073 13 the the DT 34823 8073 14 price price NN 34823 8073 15 of of IN 34823 8073 16 pig pig NN 34823 8073 17 iron iron NN 34823 8073 18 , , , 34823 8073 19 and and CC 34823 8073 20 then then RB 34823 8073 21 says say VBZ 34823 8073 22 : : : 34823 8073 23 " " `` 34823 8073 24 Back back RB 34823 8073 25 of of IN 34823 8073 26 these these DT 34823 8073 27 causes cause NNS 34823 8073 28 lie lie VBP 34823 8073 29 other other JJ 34823 8073 30 causes cause NNS 34823 8073 31 , , , 34823 8073 32 multiplying multiply VBG 34823 8073 33 endlessly endlessly RB 34823 8073 34 as as IN 34823 8073 35 we -PRON- PRP 34823 8073 36 proceed proceed VBP 34823 8073 37 backward backward RB 34823 8073 38 . . . 34823 8074 1 But but CC 34823 8074 2 if if IN 34823 8074 3 we -PRON- PRP 34823 8074 4 trace trace VBP 34823 8074 5 back back RP 34823 8074 6 all all PDT 34823 8074 7 these these DT 34823 8074 8 causes cause NNS 34823 8074 9 to to IN 34823 8074 10 their -PRON- PRP$ 34823 8074 11 utmost utmost JJ 34823 8074 12 limits limit NNS 34823 8074 13 , , , 34823 8074 14 they -PRON- PRP 34823 8074 15 will will MD 34823 8074 16 all all RB 34823 8074 17 resolve resolve VB 34823 8074 18 themselves -PRON- PRP 34823 8074 19 into into IN 34823 8074 20 changes change NNS 34823 8074 21 in in IN 34823 8074 22 the the DT 34823 8074 23 marginal marginal JJ 34823 8074 24 desirability desirability NN 34823 8074 25 or or CC 34823 8074 26 undesirability undesirability NN 34823 8074 27 of of IN 34823 8074 28 satisfactions satisfaction NNS 34823 8074 29 and and CC 34823 8074 30 of of IN 34823 8074 31 efforts effort NNS 34823 8074 32 , , , 34823 8074 33 respectively respectively RB 34823 8074 34 , , , 34823 8074 35 at at IN 34823 8074 36 different different JJ 34823 8074 37 points point NNS 34823 8074 38 of of IN 34823 8074 39 time time NN 34823 8074 40 , , , 34823 8074 41 and and CC 34823 8074 42 in in IN 34823 8074 43 the the DT 34823 8074 44 marginal marginal JJ 34823 8074 45 rate rate NN 34823 8074 46 of of IN 34823 8074 47 impatience impatience NN 34823 8074 48 as as IN 34823 8074 49 between between IN 34823 8074 50 any any DT 34823 8074 51 one one CD 34823 8074 52 year year NN 34823 8074 53 and and CC 34823 8074 54 the the DT 34823 8074 55 next next JJ 34823 8074 56 . . . 34823 8074 57 " " '' 34823 8075 1 Here here RB 34823 8075 2 these these DT 34823 8075 3 marginal marginal JJ 34823 8075 4 psychic psychic JJ 34823 8075 5 magnitudes magnitude NNS 34823 8075 6 , , , 34823 8075 7 which which WDT 34823 8075 8 in in IN 34823 8075 9 the the DT 34823 8075 10 earlier early JJR 34823 8075 11 essay essay NN 34823 8075 12 appeared appear VBD 34823 8075 13 merely merely RB 34823 8075 14 as as IN 34823 8075 15 surface surface NN 34823 8075 16 phenomena phenomenon NNS 34823 8075 17 , , , 34823 8075 18 resultants resultant NNS 34823 8075 19 of of IN 34823 8075 20 a a DT 34823 8075 21 total total JJ 34823 8075 22 situation situation NN 34823 8075 23 , , , 34823 8075 24 proportional proportional JJ 34823 8075 25 to to IN 34823 8075 26 prices price NNS 34823 8075 27 , , , 34823 8075 28 causes cause NNS 34823 8075 29 of of IN 34823 8075 30 nothing nothing NN 34823 8075 31 , , , 34823 8075 32 merely merely RB 34823 8075 33 symptoms symptom NNS 34823 8075 34 of of IN 34823 8075 35 a a DT 34823 8075 36 completed complete VBN 34823 8075 37 equilibrium equilibrium NN 34823 8075 38 , , , 34823 8075 39 are be VBP 34823 8075 40 erected erect VBN 34823 8075 41 into into IN 34823 8075 42 atomic atomic NNP 34823 8075 43 _ _ NNP 34823 8075 44 veræ veræ NNP 34823 8075 45 causæ causæ NNP 34823 8075 46 _ _ NNP 34823 8075 47 , , , 34823 8075 48 the the DT 34823 8075 49 ultimate ultimate JJ 34823 8075 50 ultimates ultimate NNS 34823 8075 51 ! ! . 34823 8076 1 It -PRON- PRP 34823 8076 2 is be VBZ 34823 8076 3 interesting interesting JJ 34823 8076 4 to to TO 34823 8076 5 contrast contrast VB 34823 8076 6 this this DT 34823 8076 7 with with IN 34823 8076 8 a a DT 34823 8076 9 yet yet RB 34823 8076 10 more more RBR 34823 8076 11 recent recent JJ 34823 8076 12 statement statement NN 34823 8076 13 by by IN 34823 8076 14 a a DT 34823 8076 15 philosopher philosopher NN 34823 8076 16 who who WP 34823 8076 17 has have VBZ 34823 8076 18 undertaken undertake VBN 34823 8076 19 a a DT 34823 8076 20 defence defence NN 34823 8076 21 of of IN 34823 8076 22 the the DT 34823 8076 23 utility utility NN 34823 8076 24 theory theory NN 34823 8076 25 of of IN 34823 8076 26 economic economic JJ 34823 8076 27 value value NN 34823 8076 28 , , , 34823 8076 29 Professor Professor NNP 34823 8076 30 R. R. NNP 34823 8076 31 B. B. NNP 34823 8076 32 Perry Perry NNP 34823 8076 33 , , , 34823 8076 34 in in IN 34823 8076 35 the the DT 34823 8076 36 _ _ NNP 34823 8076 37 Quarterly Quarterly NNP 34823 8076 38 Journal Journal NNP 34823 8076 39 of of IN 34823 8076 40 Economics Economics NNP 34823 8076 41 _ _ NNP 34823 8076 42 , , , 34823 8076 43 for for IN 34823 8076 44 May May NNP 34823 8076 45 , , , 34823 8076 46 1916 1916 CD 34823 8076 47 . . . 34823 8077 1 Considering consider VBG 34823 8077 2 the the DT 34823 8077 3 contentions contention NNS 34823 8077 4 of of IN 34823 8077 5 the the DT 34823 8077 6 present present JJ 34823 8077 7 writer writer NN 34823 8077 8 that that WDT 34823 8077 9 many many JJ 34823 8077 10 general general JJ 34823 8077 11 social social JJ 34823 8077 12 causes cause NNS 34823 8077 13 , , , 34823 8077 14 in in IN 34823 8077 15 addition addition NN 34823 8077 16 to to IN 34823 8077 17 the the DT 34823 8077 18 individual individual JJ 34823 8077 19 utilities utility NNS 34823 8077 20 concerned concern VBN 34823 8077 21 with with IN 34823 8077 22 consumption consumption NN 34823 8077 23 , , , 34823 8077 24 are be VBP 34823 8077 25 needed need VBN 34823 8077 26 to to TO 34823 8077 27 explain explain VB 34823 8077 28 changes change NNS 34823 8077 29 in in IN 34823 8077 30 the the DT 34823 8077 31 values value NNS 34823 8077 32 of of IN 34823 8077 33 goods good NNS 34823 8077 34 , , , 34823 8077 35 such such JJ 34823 8077 36 as as IN 34823 8077 37 changes change NNS 34823 8077 38 in in IN 34823 8077 39 fashion fashion NN 34823 8077 40 , , , 34823 8077 41 mode mode NN 34823 8077 42 , , , 34823 8077 43 in in IN 34823 8077 44 general general JJ 34823 8077 45 business business NN 34823 8077 46 confidence confidence NN 34823 8077 47 , , , 34823 8077 48 in in IN 34823 8077 49 moral moral JJ 34823 8077 50 attitude attitude NN 34823 8077 51 toward toward IN 34823 8077 52 different different JJ 34823 8077 53 sorts sort NNS 34823 8077 54 of of IN 34823 8077 55 consumption consumption NN 34823 8077 56 , , , 34823 8077 57 in in IN 34823 8077 58 the the DT 34823 8077 59 distribution distribution NN 34823 8077 60 of of IN 34823 8077 61 wealth wealth NN 34823 8077 62 , , , 34823 8077 63 in in IN 34823 8077 64 taxes taxis NNS 34823 8077 65 and and CC 34823 8077 66 other other JJ 34823 8077 67 laws law NNS 34823 8077 68 , , , 34823 8077 69 Professor Professor NNP 34823 8077 70 Perry Perry NNP 34823 8077 71 says say VBZ 34823 8077 72 : : : 34823 8077 73 " " `` 34823 8077 74 If if IN 34823 8077 75 the the DT 34823 8077 76 Austrian Austrian NNP 34823 8077 77 School School NNP 34823 8077 78 has have VBZ 34823 8077 79 neglected neglect VBN 34823 8077 80 this this DT 34823 8077 81 , , , 34823 8077 82 then then RB 34823 8077 83 it -PRON- PRP 34823 8077 84 needs need VBZ 34823 8077 85 to to TO 34823 8077 86 be be VB 34823 8077 87 corrected correct VBN 34823 8077 88 . . . 34823 8078 1 But but CC 34823 8078 2 the the DT 34823 8078 3 essential essential JJ 34823 8078 4 contention contention NN 34823 8078 5 of of IN 34823 8078 6 that that DT 34823 8078 7 school school NN 34823 8078 8 remains remain VBZ 34823 8078 9 , , , 34823 8078 10 so so RB 34823 8078 11 far far RB 34823 8078 12 as as IN 34823 8078 13 I -PRON- PRP 34823 8078 14 can can MD 34823 8078 15 see see VB 34823 8078 16 , , , 34823 8078 17 unaltered unaltered JJ 34823 8078 18 ; ; : 34823 8078 19 _ _ NNP 34823 8078 20 in in IN 34823 8078 21 that that IN 34823 8078 22 these these DT 34823 8078 23 changes change NNS 34823 8078 24 work work VBP 34823 8078 25 through through IN 34823 8078 26 individuals individual NNS 34823 8078 27 _ _ NNP 34823 8078 28 and and CC 34823 8078 29 have have VBP 34823 8078 30 their -PRON- PRP$ 34823 8078 31 _ _ NNP 34823 8078 32 point point NN 34823 8078 33 of of IN 34823 8078 34 application application NN 34823 8078 35 _ _ NNP 34823 8078 36 in in IN 34823 8078 37 a a DT 34823 8078 38 more more RBR 34823 8078 39 or or CC 34823 8078 40 less less RBR 34823 8078 41 rational rational JJ 34823 8078 42 _ _ NNP 34823 8078 43 comparison comparison NN 34823 8078 44 of of IN 34823 8078 45 needs need NNS 34823 8078 46 _ _ NNP 34823 8078 47 made make VBN 34823 8078 48 by by IN 34823 8078 49 the the DT 34823 8078 50 _ _ NNP 34823 8078 51 individual individual JJ 34823 8078 52 buyer buyer NN 34823 8078 53 or or CC 34823 8078 54 seller seller NN 34823 8078 55 _ _ NNP 34823 8078 56 . . . 34823 8079 1 Whatever whatever WDT 34823 8079 2 affects affect VBZ 34823 8079 3 these these DT 34823 8079 4 _ _ NNP 34823 8079 5 individual individual JJ 34823 8079 6 schedules schedule NNS 34823 8079 7 _ _ NNP 34823 8079 8 on on IN 34823 8079 9 a a DT 34823 8079 10 sufficiently sufficiently RB 34823 8079 11 large large JJ 34823 8079 12 scale scale NN 34823 8079 13 will will MD 34823 8079 14 affect affect VB 34823 8079 15 prices price NNS 34823 8079 16 . . . 34823 8080 1 But but CC 34823 8080 2 to to TO 34823 8080 3 ignore ignore VB 34823 8080 4 the the DT 34823 8080 5 individual individual JJ 34823 8080 6 channels channel NNS 34823 8080 7 through through IN 34823 8080 8 which which WDT 34823 8080 9 these these DT 34823 8080 10 forces force NNS 34823 8080 11 pass pass VBP 34823 8080 12 , , , 34823 8080 13 is be VBZ 34823 8080 14 elliptical elliptical JJ 34823 8080 15 . . . 34823 8080 16 " " '' 34823 8081 1 ( ( -LRB- 34823 8081 2 Pp Pp NNP 34823 8081 3 . . . 34823 8082 1 469 469 CD 34823 8082 2 - - SYM 34823 8082 3 470 470 CD 34823 8082 4 . . . 34823 8083 1 Italics italic NNS 34823 8083 2 mine mine NN 34823 8083 3 . . . 34823 8083 4 ) ) -RRB- 34823 8084 1 Now now RB 34823 8084 2 I -PRON- PRP 34823 8084 3 call call VBP 34823 8084 4 attention attention NN 34823 8084 5 to to IN 34823 8084 6 several several JJ 34823 8084 7 points point NNS 34823 8084 8 in in IN 34823 8084 9 the the DT 34823 8084 10 foregoing foregoing NN 34823 8084 11 . . . 34823 8085 1 First first RB 34823 8085 2 , , , 34823 8085 3 I -PRON- PRP 34823 8085 4 would would MD 34823 8085 5 contrast contrast VB 34823 8085 6 it -PRON- PRP 34823 8085 7 with with IN 34823 8085 8 the the DT 34823 8085 9 doctrine doctrine NN 34823 8085 10 quoted quote VBN 34823 8085 11 from from IN 34823 8085 12 Professor Professor NNP 34823 8085 13 Fisher Fisher NNP 34823 8085 14 's 's POS 34823 8085 15 _ _ NNP 34823 8085 16 Elementary Elementary NNP 34823 8085 17 Principles Principles NNPS 34823 8085 18 _ _ NNP 34823 8085 19 . . . 34823 8086 1 Where where WRB 34823 8086 2 Fisher Fisher NNP 34823 8086 3 puts put VBZ 34823 8086 4 the the DT 34823 8086 5 utilities utility NNS 34823 8086 6 far far RB 34823 8086 7 back back RB 34823 8086 8 in in IN 34823 8086 9 the the DT 34823 8086 10 realm realm NN 34823 8086 11 of of IN 34823 8086 12 ultimate ultimate JJ 34823 8086 13 causation causation NN 34823 8086 14 , , , 34823 8086 15 making make VBG 34823 8086 16 them -PRON- PRP 34823 8086 17 the the DT 34823 8086 18 source source NN 34823 8086 19 from from IN 34823 8086 20 which which WDT 34823 8086 21 spring spre VBG 34823 8086 22 all all PDT 34823 8086 23 the the DT 34823 8086 24 proximate proximate JJ 34823 8086 25 social social JJ 34823 8086 26 causes cause NNS 34823 8086 27 which which WDT 34823 8086 28 might may MD 34823 8086 29 affect affect VB 34823 8086 30 the the DT 34823 8086 31 price price NN 34823 8086 32 of of IN 34823 8086 33 pig pig NN 34823 8086 34 iron iron NN 34823 8086 35 ( ( -LRB- 34823 8086 36 such such JJ 34823 8086 37 as as IN 34823 8086 38 " " `` 34823 8086 39 a a DT 34823 8086 40 trade trade NN 34823 8086 41 war war NN 34823 8086 42 , , , 34823 8086 43 " " '' 34823 8086 44 " " `` 34823 8086 45 a a DT 34823 8086 46 change change NN 34823 8086 47 in in IN 34823 8086 48 fashion fashion NN 34823 8086 49 , , , 34823 8086 50 " " '' 34823 8086 51 a a DT 34823 8086 52 " " `` 34823 8086 53 change change NN 34823 8086 54 in in IN 34823 8086 55 incomes income NNS 34823 8086 56 , , , 34823 8086 57 " " '' 34823 8086 58 " " `` 34823 8086 59 decreasing decrease VBG 34823 8086 60 foresight foresight NN 34823 8086 61 , , , 34823 8086 62 " " '' 34823 8086 63 etc etc FW 34823 8086 64 . . . 34823 8086 65 , , , 34823 8086 66 _ _ NNP 34823 8086 67 loc loc NNP 34823 8086 68 . . . 34823 8087 1 cit cit NNP 34823 8087 2 . . . 34823 8087 3 _ _ NNP 34823 8087 4 , , , 34823 8087 5 p. p. NN 34823 8087 6 409 409 CD 34823 8087 7 ) ) -RRB- 34823 8087 8 , , , 34823 8087 9 Professor Professor NNP 34823 8087 10 Perry Perry NNP 34823 8087 11 would would MD 34823 8087 12 make make VB 34823 8087 13 individual individual JJ 34823 8087 14 utility utility NN 34823 8087 15 schedules schedule NNS 34823 8087 16 the the DT 34823 8087 17 final final JJ 34823 8087 18 focal focal JJ 34823 8087 19 point point NN 34823 8087 20 , , , 34823 8087 21 toward toward IN 34823 8087 22 which which WDT 34823 8087 23 converge converge VBP 34823 8087 24 , , , 34823 8087 25 and and CC 34823 8087 26 through through IN 34823 8087 27 which which WDT 34823 8087 28 pass pass NN 34823 8087 29 , , , 34823 8087 30 all all PDT 34823 8087 31 the the DT 34823 8087 32 causal causal JJ 34823 8087 33 forces force NNS 34823 8087 34 , , , 34823 8087 35 however however RB 34823 8087 36 richly richly RB 34823 8087 37 explained explain VBN 34823 8087 38 by by IN 34823 8087 39 antecedent antecedent NN 34823 8087 40 social social JJ 34823 8087 41 factors factor NNS 34823 8087 42 , , , 34823 8087 43 which which WDT 34823 8087 44 affect affect VBP 34823 8087 45 prices price NNS 34823 8087 46 . . . 34823 8088 1 The the DT 34823 8088 2 utility utility NN 34823 8088 3 theory theory NN 34823 8088 4 of of IN 34823 8088 5 value value NN 34823 8088 6 means mean VBZ 34823 8088 7 all all DT 34823 8088 8 things thing NNS 34823 8088 9 to to IN 34823 8088 10 all all DT 34823 8088 11 men man NNS 34823 8088 12 ! ! . 34823 8089 1 But but CC 34823 8089 2 a a DT 34823 8089 3 second second JJ 34823 8089 4 point point NN 34823 8089 5 with with IN 34823 8089 6 reference reference NN 34823 8089 7 to to IN 34823 8089 8 Professor Professor NNP 34823 8089 9 Perry Perry NNP 34823 8089 10 's 's POS 34823 8089 11 doctrine doctrine NN 34823 8089 12 . . . 34823 8090 1 It -PRON- PRP 34823 8090 2 is be VBZ 34823 8090 3 perfectly perfectly RB 34823 8090 4 true true JJ 34823 8090 5 that that IN 34823 8090 6 _ _ NNP 34823 8090 7 all all DT 34823 8090 8 _ _ NNP 34823 8090 9 social social JJ 34823 8090 10 activities activity NNS 34823 8090 11 are be VBP 34823 8090 12 the the DT 34823 8090 13 work work NN 34823 8090 14 of of IN 34823 8090 15 _ _ NNP 34823 8090 16 individuals individual NNS 34823 8090 17 _ _ NNP 34823 8090 18 . . . 34823 8091 1 Society society NN 34823 8091 2 is be VBZ 34823 8091 3 nothing nothing NN 34823 8091 4 apart apart RB 34823 8091 5 from from IN 34823 8091 6 the the DT 34823 8091 7 individuals individual NNS 34823 8091 8 who who WP 34823 8091 9 make make VBP 34823 8091 10 it -PRON- PRP 34823 8091 11 up up RP 34823 8091 12 . . . 34823 8092 1 To to TO 34823 8092 2 think think VB 34823 8092 3 of of IN 34823 8092 4 society society NN 34823 8092 5 and and CC 34823 8092 6 the the DT 34823 8092 7 individual individual NN 34823 8092 8 as as IN 34823 8092 9 separate separate JJ 34823 8092 10 and and CC 34823 8092 11 antithetical antithetical JJ 34823 8092 12 is be VBZ 34823 8092 13 a a DT 34823 8092 14 fallacy fallacy NN 34823 8092 15 which which WDT 34823 8092 16 I -PRON- PRP 34823 8092 17 have have VBP 34823 8092 18 criticised criticise VBN 34823 8092 19 in in IN 34823 8092 20 detail detail NN 34823 8092 21 in in IN 34823 8092 22 Part Part NNP 34823 8092 23 III III NNP 34823 8092 24 of of IN 34823 8092 25 _ _ NNP 34823 8092 26 Social Social NNP 34823 8092 27 Value Value NNP 34823 8092 28 _ _ NNP 34823 8092 29 . . . 34823 8093 1 The the DT 34823 8093 2 social social JJ 34823 8093 3 value value NN 34823 8093 4 theory theory NN 34823 8093 5 does do VBZ 34823 8093 6 not not RB 34823 8093 7 mean mean VB 34823 8093 8 that that IN 34823 8093 9 there there EX 34823 8093 10 are be VBP 34823 8093 11 social social JJ 34823 8093 12 forces force NNS 34823 8093 13 which which WDT 34823 8093 14 do do VBP 34823 8093 15 not not RB 34823 8093 16 run run VB 34823 8093 17 through through IN 34823 8093 18 individual individual JJ 34823 8093 19 channels channel NNS 34823 8093 20 . . . 34823 8094 1 This this DT 34823 8094 2 is be VBZ 34823 8094 3 not not RB 34823 8094 4 to to TO 34823 8094 5 accept accept VB 34823 8094 6 the the DT 34823 8094 7 notion notion NN 34823 8094 8 that that IN 34823 8094 9 individuals individual NNS 34823 8094 10 are be VBP 34823 8094 11 really really RB 34823 8094 12 , , , 34823 8094 13 in in IN 34823 8094 14 their -PRON- PRP$ 34823 8094 15 psychical psychical JJ 34823 8094 16 nature nature NN 34823 8094 17 , , , 34823 8094 18 isolated isolated JJ 34823 8094 19 monads monad NNS 34823 8094 20 , , , 34823 8094 21 however however RB 34823 8094 22 . . . 34823 8095 1 There there EX 34823 8095 2 is be VBZ 34823 8095 3 a a DT 34823 8095 4 functional functional JJ 34823 8095 5 unity unity NN 34823 8095 6 of of IN 34823 8095 7 individual individual JJ 34823 8095 8 minds mind NNS 34823 8095 9 , , , 34823 8095 10 and and CC 34823 8095 11 no no DT 34823 8095 12 individual individual NN 34823 8095 13 can can MD 34823 8095 14 be be VB 34823 8095 15 understood understand VBN 34823 8095 16 in in IN 34823 8095 17 abstraction abstraction NN 34823 8095 18 from from IN 34823 8095 19 society society NN 34823 8095 20 . . . 34823 8096 1 But but CC 34823 8096 2 this this DT 34823 8096 3 view view NN 34823 8096 4 is be VBZ 34823 8096 5 as as RB 34823 8096 6 old old JJ 34823 8096 7 as as IN 34823 8096 8 Aristotle Aristotle NNP 34823 8096 9 . . . 34823 8097 1 I -PRON- PRP 34823 8097 2 have have VBP 34823 8097 3 not not RB 34823 8097 4 contended contend VBN 34823 8097 5 that that IN 34823 8097 6 prices price NNS 34823 8097 7 can can MD 34823 8097 8 change change VB 34823 8097 9 apart apart RB 34823 8097 10 from from IN 34823 8097 11 the the DT 34823 8097 12 mental mental JJ 34823 8097 13 activities activity NNS 34823 8097 14 of of IN 34823 8097 15 individual individual JJ 34823 8097 16 men man NNS 34823 8097 17 , , , 34823 8097 18 working work VBG 34823 8097 19 upon upon IN 34823 8097 20 one one CD 34823 8097 21 another another DT 34823 8097 22 . . . 34823 8098 1 So so RB 34823 8098 2 far far RB 34823 8098 3 there there RB 34823 8098 4 _ _ NNP 34823 8098 5 may may MD 34823 8098 6 _ _ NNP 34823 8098 7 be be VB 34823 8098 8 no no DT 34823 8098 9 issue issue NN 34823 8098 10 with with IN 34823 8098 11 Professor Professor NNP 34823 8098 12 Perry Perry NNP 34823 8098 13 . . . 34823 8099 1 But but CC 34823 8099 2 there there EX 34823 8099 3 is be VBZ 34823 8099 4 a a DT 34823 8099 5 big big JJ 34823 8099 6 issue issue NN 34823 8099 7 when when WRB 34823 8099 8 he -PRON- PRP 34823 8099 9 contends contend VBZ 34823 8099 10 that that IN 34823 8099 11 all all PDT 34823 8099 12 the the DT 34823 8099 13 causation causation NN 34823 8099 14 is be VBZ 34823 8099 15 focussed focusse VBN 34823 8099 16 in in IN 34823 8099 17 _ _ NNP 34823 8099 18 individual individual JJ 34823 8099 19 utility utility NN 34823 8099 20 schedules schedule NNS 34823 8099 21 _ _ NNP 34823 8099 22 , , , 34823 8099 23 and and CC 34823 8099 24 in in IN 34823 8099 25 a a DT 34823 8099 26 more more RBR 34823 8099 27 or or CC 34823 8099 28 less less RBR 34823 8099 29 rational rational JJ 34823 8099 30 comparison comparison NN 34823 8099 31 of of IN 34823 8099 32 needs need NNS 34823 8099 33 made make VBN 34823 8099 34 by by IN 34823 8099 35 the the DT 34823 8099 36 _ _ NNP 34823 8099 37 individual individual JJ 34823 8099 38 buyer buyer NN 34823 8099 39 and and CC 34823 8099 40 seller seller NN 34823 8099 41 _ _ NNP 34823 8099 42 . . . 34823 8100 1 This this DT 34823 8100 2 is be VBZ 34823 8100 3 _ _ NNP 34823 8100 4 demonstrably demonstrably RB 34823 8100 5 erroneous erroneous JJ 34823 8100 6 _ _ NNP 34823 8100 7 . . . 34823 8101 1 Let let VB 34823 8101 2 us -PRON- PRP 34823 8101 3 assume assume VB 34823 8101 4 , , , 34823 8101 5 for for IN 34823 8101 6 example example NN 34823 8101 7 , , , 34823 8101 8 that that IN 34823 8101 9 utility utility NN 34823 8101 10 schedules schedule NNS 34823 8101 11 of of IN 34823 8101 12 every every DT 34823 8101 13 individual individual JJ 34823 8101 14 New New NNP 34823 8101 15 Yorker Yorker NNP 34823 8101 16 remain remain VBP 34823 8101 17 unchanged unchanged JJ 34823 8101 18 , , , 34823 8101 19 but but CC 34823 8101 20 that that IN 34823 8101 21 , , , 34823 8101 22 through through IN 34823 8101 23 a a DT 34823 8101 24 change change NN 34823 8101 25 in in IN 34823 8101 26 the the DT 34823 8101 27 law law NN 34823 8101 28 ( ( -LRB- 34823 8101 29 the the DT 34823 8101 30 work work NN 34823 8101 31 of of IN 34823 8101 32 individual individual JJ 34823 8101 33 men man NNS 34823 8101 34 , , , 34823 8101 35 under under IN 34823 8101 36 the the DT 34823 8101 37 influence influence NN 34823 8101 38 of of IN 34823 8101 39 their -PRON- PRP$ 34823 8101 40 own own JJ 34823 8101 41 individual individual JJ 34823 8101 42 emotions emotion NNS 34823 8101 43 and and CC 34823 8101 44 ideas idea NNS 34823 8101 45 , , , 34823 8101 46 of of IN 34823 8101 47 , , , 34823 8101 48 say say UH 34823 8101 49 , , , 34823 8101 50 ethical ethical JJ 34823 8101 51 character character NN 34823 8101 52 ) ) -RRB- 34823 8101 53 , , , 34823 8101 54 incomes income NNS 34823 8101 55 in in IN 34823 8101 56 New New NNP 34823 8101 57 York York NNP 34823 8101 58 City City NNP 34823 8101 59 are be VBP 34823 8101 60 _ _ NNP 34823 8101 61 equalized equalize VBN 34823 8101 62 _ _ NNP 34823 8101 63 . . . 34823 8102 1 Hold hold VB 34823 8102 2 rigidly rigidly RB 34823 8102 3 to to IN 34823 8102 4 the the DT 34823 8102 5 assumption assumption NN 34823 8102 6 that that IN 34823 8102 7 there there EX 34823 8102 8 are be VBP 34823 8102 9 no no DT 34823 8102 10 changes change NNS 34823 8102 11 in in IN 34823 8102 12 utility utility NN 34823 8102 13 schedules schedule NNS 34823 8102 14 . . . 34823 8103 1 Will Will MD 34823 8103 2 there there EX 34823 8103 3 not not RB 34823 8103 4 be be VB 34823 8103 5 , , , 34823 8103 6 none none NN 34823 8103 7 the the DT 34823 8103 8 less less JJR 34823 8103 9 , , , 34823 8103 10 a a DT 34823 8103 11 radical radical JJ 34823 8103 12 readjustment readjustment NN 34823 8103 13 of of IN 34823 8103 14 prices price NNS 34823 8103 15 ? ? . 34823 8104 1 Will Will MD 34823 8104 2 not not RB 34823 8104 3 the the DT 34823 8104 4 prices price NNS 34823 8104 5 of of IN 34823 8104 6 Riverside Riverside NNP 34823 8104 7 palaces palace NNS 34823 8104 8 and and CC 34823 8104 9 steam steam NN 34823 8104 10 yachts yacht NNS 34823 8104 11 sink sink NN 34823 8104 12 and and CC 34823 8104 13 the the DT 34823 8104 14 prices price NNS 34823 8104 15 of of IN 34823 8104 16 things thing NNS 34823 8104 17 which which WDT 34823 8104 18 the the DT 34823 8104 19 poor poor JJ 34823 8104 20 esteem esteem NN 34823 8104 21 rise rise NN 34823 8104 22 ? ? . 34823 8105 1 The the DT 34823 8105 2 utility utility NN 34823 8105 3 - - HYPH 34823 8105 4 curves curve NNS 34823 8105 5 of of IN 34823 8105 6 the the DT 34823 8105 7 erstwhile erstwhile JJ 34823 8105 8 rich rich JJ 34823 8105 9 , , , 34823 8105 10 assumed assume VBN 34823 8105 11 to to TO 34823 8105 12 remain remain VB 34823 8105 13 unchanged unchanged JJ 34823 8105 14 , , , 34823 8105 15 no no RB 34823 8105 16 longer longer RB 34823 8105 17 count count VB 34823 8105 18 for for IN 34823 8105 19 so so RB 34823 8105 20 much much JJ 34823 8105 21 as as IN 34823 8105 22 before before IN 34823 8105 23 in in IN 34823 8105 24 the the DT 34823 8105 25 market market NN 34823 8105 26 . . . 34823 8106 1 The the DT 34823 8106 2 rich rich JJ 34823 8106 3 can can MD 34823 8106 4 not not RB 34823 8106 5 go go VB 34823 8106 6 so so RB 34823 8106 7 far far RB 34823 8106 8 down down IN 34823 8106 9 their -PRON- PRP$ 34823 8106 10 curves curve NNS 34823 8106 11 in in IN 34823 8106 12 the the DT 34823 8106 13 consumption consumption NN 34823 8106 14 process process NN 34823 8106 15 as as IN 34823 8106 16 before before RB 34823 8106 17 . . . 34823 8107 1 The the DT 34823 8107 2 poor poor JJ 34823 8107 3 , , , 34823 8107 4 or or CC 34823 8107 5 those those DT 34823 8107 6 who who WP 34823 8107 7 had have VBD 34823 8107 8 been be VBN 34823 8107 9 poorest poor JJS 34823 8107 10 , , , 34823 8107 11 now now RB 34823 8107 12 count count VB 34823 8107 13 for for IN 34823 8107 14 more more JJR 34823 8107 15 in in IN 34823 8107 16 the the DT 34823 8107 17 market market NN 34823 8107 18 . . . 34823 8108 1 They -PRON- PRP 34823 8108 2 can can MD 34823 8108 3 lower lower VB 34823 8108 4 their -PRON- PRP$ 34823 8108 5 margins margin NNS 34823 8108 6 . . . 34823 8109 1 In in IN 34823 8109 2 other other JJ 34823 8109 3 words word NNS 34823 8109 4 , , , 34823 8109 5 the the DT 34823 8109 6 forces force NNS 34823 8109 7 affecting affect VBG 34823 8109 8 the the DT 34823 8109 9 distribution distribution NN 34823 8109 10 of of IN 34823 8109 11 wealth wealth NN 34823 8109 12 , , , 34823 8109 13 in in IN 34823 8109 14 so so RB 34823 8109 15 far far RB 34823 8109 16 as as IN 34823 8109 17 they -PRON- PRP 34823 8109 18 are be VBP 34823 8109 19 legal legal JJ 34823 8109 20 and and CC 34823 8109 21 moral moral JJ 34823 8109 22 in in IN 34823 8109 23 character character NN 34823 8109 24 , , , 34823 8109 25 at at IN 34823 8109 26 least least JJS 34823 8109 27 , , , 34823 8109 28 may may MD 34823 8109 29 affect affect VB 34823 8109 30 the the DT 34823 8109 31 price price NN 34823 8109 32 - - HYPH 34823 8109 33 situation situation NN 34823 8109 34 , , , 34823 8109 35 _ _ NNP 34823 8109 36 without without IN 34823 8109 37 _ _ NNP 34823 8109 38 altering alter VBG 34823 8109 39 _ _ NNP 34823 8109 40 utility utility NN 34823 8109 41 schedules schedule NNS 34823 8109 42 _ _ NNP 34823 8109 43 . . . 34823 8110 1 Some some DT 34823 8110 2 social social JJ 34823 8110 3 factors factor NNS 34823 8110 4 , , , 34823 8110 5 as as IN 34823 8110 6 changes change NNS 34823 8110 7 in in IN 34823 8110 8 mode mode NN 34823 8110 9 and and CC 34823 8110 10 fashion fashion NN 34823 8110 11 , , , 34823 8110 12 will will MD 34823 8110 13 work work VB 34823 8110 14 _ _ NNP 34823 8110 15 through through IN 34823 8110 16 _ _ NNP 34823 8110 17 the the DT 34823 8110 18 utility utility NN 34823 8110 19 schedules schedule NNS 34823 8110 20 , , , 34823 8110 21 but but CC 34823 8110 22 others other NNS 34823 8110 23 will will MD 34823 8110 24 not not RB 34823 8110 25 . . . 34823 8111 1 One one CD 34823 8111 2 big big JJ 34823 8111 3 _ _ NNP 34823 8111 4 variable variable NN 34823 8111 5 _ _ NNP 34823 8111 6 affecting affect VBG 34823 8111 7 prices price NNS 34823 8111 8 which which WDT 34823 8111 9 need need VBP 34823 8111 10 not not RB 34823 8111 11 , , , 34823 8111 12 in in IN 34823 8111 13 idea idea NN 34823 8111 14 , , , 34823 8111 15 at at IN 34823 8111 16 least least JJS 34823 8111 17 , , , 34823 8111 18 affect affect VB 34823 8111 19 utility utility NN 34823 8111 20 schedules schedule NNS 34823 8111 21 at at RB 34823 8111 22 all all RB 34823 8111 23 , , , 34823 8111 24 and and CC 34823 8111 25 whose whose WP$ 34823 8111 26 main main JJ 34823 8111 27 influence influence NN 34823 8111 28 is be VBZ 34823 8111 29 anyhow anyhow RB 34823 8111 30 not not RB 34823 8111 31 directed direct VBN 34823 8111 32 through through IN 34823 8111 33 them -PRON- PRP 34823 8111 34 , , , 34823 8111 35 is be VBZ 34823 8111 36 the the DT 34823 8111 37 volume volume NN 34823 8111 38 of of IN 34823 8111 39 business business NN 34823 8111 40 confidence confidence NN 34823 8111 41 . . . 34823 8112 1 This this DT 34823 8112 2 factor factor NN 34823 8112 3 we -PRON- PRP 34823 8112 4 shall shall MD 34823 8112 5 analyze analyze VB 34823 8112 6 in in IN 34823 8112 7 our -PRON- PRP$ 34823 8112 8 discussion discussion NN 34823 8112 9 of of IN 34823 8112 10 credit credit NN 34823 8112 11 , , , 34823 8112 12 _ _ NNP 34823 8112 13 infra infra NNP 34823 8112 14 _ _ NNP 34823 8112 15 . . . 34823 8113 1 Professor Professor NNP 34823 8113 2 Perry Perry NNP 34823 8113 3 thus thus RB 34823 8113 4 escapes escape VBZ 34823 8113 5 only only RB 34823 8113 6 part part NN 34823 8113 7 of of IN 34823 8113 8 the the DT 34823 8113 9 criticism criticism NN 34823 8113 10 which which WDT 34823 8113 11 we -PRON- PRP 34823 8113 12 have have VBP 34823 8113 13 made make VBN 34823 8113 14 ( ( -LRB- 34823 8113 15 _ _ NNP 34823 8113 16 Social Social NNP 34823 8113 17 Value Value NNP 34823 8113 18 _ _ NNP 34823 8113 19 , , , 34823 8113 20 pp pp NNP 34823 8113 21 . . . 34823 8114 1 45 45 CD 34823 8114 2 and and CC 34823 8114 3 56 56 CD 34823 8114 4 ) ) -RRB- 34823 8114 5 of of IN 34823 8114 6 the the DT 34823 8114 7 Austrian austrian JJ 34823 8114 8 theory theory NN 34823 8114 9 : : : 34823 8114 10 ( ( -LRB- 34823 8114 11 1 1 LS 34823 8114 12 ) ) -RRB- 34823 8114 13 that that IN 34823 8114 14 it -PRON- PRP 34823 8114 15 abstracts abstract VBZ 34823 8114 16 the the DT 34823 8114 17 individual individual NN 34823 8114 18 from from IN 34823 8114 19 his -PRON- PRP$ 34823 8114 20 vital vital JJ 34823 8114 21 contacts contact NNS 34823 8114 22 with with IN 34823 8114 23 other other JJ 34823 8114 24 individuals individual NNS 34823 8114 25 , , , 34823 8114 26 and and CC 34823 8114 27 ( ( -LRB- 34823 8114 28 2 2 LS 34823 8114 29 ) ) -RRB- 34823 8114 30 that that IN 34823 8114 31 , , , 34823 8114 32 within within IN 34823 8114 33 the the DT 34823 8114 34 individual individual JJ 34823 8114 35 mind mind NN 34823 8114 36 thus thus RB 34823 8114 37 abstracted abstract VBN 34823 8114 38 , , , 34823 8114 39 the the DT 34823 8114 40 Austrians Austrians NNPS 34823 8114 41 make make VBP 34823 8114 42 a a DT 34823 8114 43 further further JJ 34823 8114 44 abstraction abstraction NN 34823 8114 45 , , , 34823 8114 46 taking take VBG 34823 8114 47 as as RB 34823 8114 48 relevant relevant JJ 34823 8114 49 only only RB 34823 8114 50 the the DT 34823 8114 51 interests interest NNS 34823 8114 52 concerned concern VBN 34823 8114 53 with with IN 34823 8114 54 _ _ NNP 34823 8114 55 consumption consumption NN 34823 8114 56 of of IN 34823 8114 57 economic economic JJ 34823 8114 58 goods good NNS 34823 8114 59 _ _ NNP 34823 8114 60 , , , 34823 8114 61 summed sum VBD 34823 8114 62 up up RP 34823 8114 63 in in IN 34823 8114 64 the the DT 34823 8114 65 utility utility NN 34823 8114 66 schedules schedule NNS 34823 8114 67 . . . 34823 8115 1 The the DT 34823 8115 2 second second JJ 34823 8115 3 criticism criticism NN 34823 8115 4 applies apply VBZ 34823 8115 5 to to IN 34823 8115 6 Professor Professor NNP 34823 8115 7 Perry Perry NNP 34823 8115 8 as as RB 34823 8115 9 well well RB 34823 8115 10 . . . 34823 8116 1 Men man NNS 34823 8116 2 's 's POS 34823 8116 3 total total JJ 34823 8116 4 interests interest NNS 34823 8116 5 are be VBP 34823 8116 6 not not RB 34823 8116 7 summed sum VBN 34823 8116 8 up up RP 34823 8116 9 in in IN 34823 8116 10 utility utility NN 34823 8116 11 schedules schedule NNS 34823 8116 12 , , , 34823 8116 13 and and CC 34823 8116 14 do do VBP 34823 8116 15 not not RB 34823 8116 16 affect affect VB 34823 8116 17 prices price NNS 34823 8116 18 exclusively exclusively RB 34823 8116 19 _ _ NNP 34823 8116 20 via via IN 34823 8116 21 _ _ NNP 34823 8116 22 utility utility NN 34823 8116 23 schedules schedule NNS 34823 8116 24 . . . 34823 8117 1 It -PRON- PRP 34823 8117 2 may may MD 34823 8117 3 be be VB 34823 8117 4 noticed notice VBN 34823 8117 5 , , , 34823 8117 6 also also RB 34823 8117 7 , , , 34823 8117 8 with with IN 34823 8117 9 reference reference NN 34823 8117 10 to to IN 34823 8117 11 Professor Professor NNP 34823 8117 12 Perry Perry NNP 34823 8117 13 's 's POS 34823 8117 14 discussion discussion NN 34823 8117 15 that that IN 34823 8117 16 he -PRON- PRP 34823 8117 17 has have VBZ 34823 8117 18 misconstrued misconstrue VBN 34823 8117 19 the the DT 34823 8117 20 Austrian austrian JJ 34823 8117 21 theory theory NN 34823 8117 22 in in IN 34823 8117 23 conceiving conceive VBG 34823 8117 24 it -PRON- PRP 34823 8117 25 as as IN 34823 8117 26 an an DT 34823 8117 27 analysis analysis NN 34823 8117 28 of of IN 34823 8117 29 an an DT 34823 8117 30 historical historical JJ 34823 8117 31 _ _ NNP 34823 8117 32 process process NN 34823 8117 33 _ _ NNP 34823 8117 34 , , , 34823 8117 35 with with IN 34823 8117 36 a a DT 34823 8117 37 beginning beginning NN 34823 8117 38 and and CC 34823 8117 39 an an DT 34823 8117 40 end end NN 34823 8117 41 , , , 34823 8117 42 instead instead RB 34823 8117 43 of of IN 34823 8117 44 a a DT 34823 8117 45 static static JJ 34823 8117 46 picture picture NN 34823 8117 47 , , , 34823 8117 48 in in IN 34823 8117 49 which which WDT 34823 8117 50 preëxisting preëxiste VBG 34823 8117 51 individual individual JJ 34823 8117 52 factors factor NNS 34823 8117 53 come come VBP 34823 8117 54 into into IN 34823 8117 55 equilibrium equilibrium NN 34823 8117 56 . . . 34823 8118 1 ( ( -LRB- 34823 8118 2 _ _ NNP 34823 8118 3 Loc Loc NNP 34823 8118 4 . . . 34823 8119 1 cit cit NNP 34823 8119 2 . . . 34823 8119 3 _ _ NNP 34823 8119 4 , , , 34823 8119 5 475 475 CD 34823 8119 6 . . . 34823 8119 7 ) ) -RRB- 34823 8120 1 He -PRON- PRP 34823 8120 2 seeks seek VBZ 34823 8120 3 thus thus RB 34823 8120 4 to to TO 34823 8120 5 avoid avoid VB 34823 8120 6 the the DT 34823 8120 7 Austrian austrian JJ 34823 8120 8 circle circle NN 34823 8120 9 , , , 34823 8120 10 but but CC 34823 8120 11 as as IN 34823 8120 12 we -PRON- PRP 34823 8120 13 have have VBP 34823 8120 14 shown show VBN 34823 8120 15 in in IN 34823 8120 16 the the DT 34823 8120 17 discussion discussion NN 34823 8120 18 of of IN 34823 8120 19 von von NNP 34823 8120 20 Mises Mises NNP 34823 8120 21 in in IN 34823 8120 22 the the DT 34823 8120 23 text text NN 34823 8120 24 , , , 34823 8120 25 this this DT 34823 8120 26 way way NN 34823 8120 27 is be VBZ 34823 8120 28 not not RB 34823 8120 29 open open JJ 34823 8120 30 to to IN 34823 8120 31 the the DT 34823 8120 32 Austrians Austrians NNPS 34823 8120 33 . . . 34823 8121 1 Able able JJ 34823 8121 2 and and CC 34823 8121 3 penetrating penetrating NN 34823 8121 4 though though IN 34823 8121 5 Professor Professor NNP 34823 8121 6 Perry Perry NNP 34823 8121 7 's 's POS 34823 8121 8 discussion discussion NN 34823 8121 9 is be VBZ 34823 8121 10 , , , 34823 8121 11 on on IN 34823 8121 12 the the DT 34823 8121 13 psychological psychological JJ 34823 8121 14 side side NN 34823 8121 15 , , , 34823 8121 16 it -PRON- PRP 34823 8121 17 fails fail VBZ 34823 8121 18 , , , 34823 8121 19 I -PRON- PRP 34823 8121 20 think think VBP 34823 8121 21 , , , 34823 8121 22 to to TO 34823 8121 23 take take VB 34823 8121 24 adequate adequate JJ 34823 8121 25 account account NN 34823 8121 26 of of IN 34823 8121 27 the the DT 34823 8121 28 complexities complexity NNS 34823 8121 29 with with IN 34823 8121 30 which which WDT 34823 8121 31 the the DT 34823 8121 32 economist economist NN 34823 8121 33 and and CC 34823 8121 34 sociologist sociologist NN 34823 8121 35 must must MD 34823 8121 36 deal deal VB 34823 8121 37 . . . 34823 8122 1 In in IN 34823 8122 2 general general JJ 34823 8122 3 , , , 34823 8122 4 I -PRON- PRP 34823 8122 5 find find VBP 34823 8122 6 no no DT 34823 8122 7 version version NN 34823 8122 8 of of IN 34823 8122 9 the the DT 34823 8122 10 utility utility NN 34823 8122 11 theory theory NN 34823 8122 12 of of IN 34823 8122 13 value value NN 34823 8122 14 which which WDT 34823 8122 15 is be VBZ 34823 8122 16 defensible defensible JJ 34823 8122 17 , , , 34823 8122 18 and and CC 34823 8122 19 , , , 34823 8122 20 above above IN 34823 8122 21 all all DT 34823 8122 22 , , , 34823 8122 23 no no DT 34823 8122 24 effort effort NN 34823 8122 25 to to TO 34823 8122 26 apply apply VB 34823 8122 27 it -PRON- PRP 34823 8122 28 to to IN 34823 8122 29 the the DT 34823 8122 30 value value NN 34823 8122 31 of of IN 34823 8122 32 money money NN 34823 8122 33 which which WDT 34823 8122 34 has have VBZ 34823 8122 35 met meet VBN 34823 8122 36 with with IN 34823 8122 37 success success NN 34823 8122 38 . . . 34823 8123 1 [ [ -LRB- 34823 8123 2 105 105 CD 34823 8123 3 ] ] -RRB- 34823 8123 4 _ _ NNP 34823 8123 5 Vide Vide NNP 34823 8123 6 _ _ NNP 34823 8123 7 Taussig Taussig NNP 34823 8123 8 , , , 34823 8123 9 _ _ NNP 34823 8123 10 Principles Principles NNP 34823 8123 11 _ _ NNP 34823 8123 12 , , , 34823 8123 13 I -PRON- PRP 34823 8123 14 , , , 34823 8123 15 432 432 CD 34823 8123 16 . . . 34823 8124 1 [ [ -LRB- 34823 8124 2 106 106 CD 34823 8124 3 ] ] -RRB- 34823 8124 4 " " `` 34823 8124 5 Der Der NNP 34823 8124 6 Bankzins Bankzins NNP 34823 8124 7 als als NNP 34823 8124 8 Regulator Regulator NNP 34823 8124 9 der der VBD 34823 8124 10 Waarenpreise Waarenpreise NNP 34823 8124 11 , , , 34823 8124 12 " " `` 34823 8124 13 Conrad Conrad NNP 34823 8124 14 's 's POS 34823 8124 15 _ _ NNP 34823 8124 16 Jahrbücher Jahrbücher NNP 34823 8124 17 _ _ NNP 34823 8124 18 , , , 34823 8124 19 1897 1897 CD 34823 8124 20 . . . 34823 8125 1 [ [ -LRB- 34823 8125 2 107 107 CD 34823 8125 3 ] ] -RRB- 34823 8125 4 _ _ NNP 34823 8125 5 Loc Loc NNP 34823 8125 6 . . . 34823 8126 1 cit cit NNP 34823 8126 2 . . . 34823 8126 3 _ _ NNP 34823 8126 4 , , , 34823 8126 5 ch ch NN 34823 8126 6 . . . 34823 8127 1 8 8 LS 34823 8127 2 . . . 34823 8128 1 [ [ -LRB- 34823 8128 2 108 108 CD 34823 8128 3 ] ] -RRB- 34823 8128 4 _ _ NNP 34823 8128 5 Cf Cf NNP 34823 8128 6 . . . 34823 8128 7 _ _ NNP 34823 8128 8 ch ch NN 34823 8128 9 . . . 34823 8129 1 on on IN 34823 8129 2 " " `` 34823 8129 3 Economic Economic NNP 34823 8129 4 Value Value NNP 34823 8129 5 . . . 34823 8129 6 " " '' 34823 8130 1 [ [ -LRB- 34823 8130 2 109 109 CD 34823 8130 3 ] ] -RRB- 34823 8130 4 Nicholson Nicholson NNP 34823 8130 5 , , , 34823 8130 6 J. J. NNP 34823 8130 7 S. S. NNP 34823 8130 8 , , , 34823 8130 9 _ _ NNP 34823 8130 10 Money Money NNP 34823 8130 11 and and CC 34823 8130 12 Monetary Monetary NNP 34823 8130 13 Problems Problems NNPS 34823 8130 14 _ _ NNP 34823 8130 15 , , , 34823 8130 16 pp pp NNP 34823 8130 17 . . . 34823 8131 1 64 64 CD 34823 8131 2 - - SYM 34823 8131 3 66 66 CD 34823 8131 4 ; ; : 34823 8131 5 71 71 CD 34823 8131 6 - - SYM 34823 8131 7 73 73 CD 34823 8131 8 . . . 34823 8132 1 [ [ -LRB- 34823 8132 2 110 110 CD 34823 8132 3 ] ] -RRB- 34823 8132 4 _ _ NNP 34823 8132 5 Works Works NNP 34823 8132 6 _ _ NNP 34823 8132 7 , , , 34823 8132 8 McCulloch McCulloch NNP 34823 8132 9 ed ed NNP 34823 8132 10 . . . 34823 8133 1 1852 1852 CD 34823 8133 2 , , , 34823 8133 3 p. p. NN 34823 8133 4 213 213 CD 34823 8133 5 . . . 34823 8134 1 [ [ -LRB- 34823 8134 2 111 111 CD 34823 8134 3 ] ] -RRB- 34823 8134 4 _ _ NNP 34823 8134 5 Cf Cf NNP 34823 8134 6 . . . 34823 8134 7 _ _ IN 34823 8134 8 the the DT 34823 8134 9 criticism criticism NN 34823 8134 10 of of IN 34823 8134 11 Nicholson Nicholson NNP 34823 8134 12 by by IN 34823 8134 13 W. W. NNP 34823 8134 14 A. a. NN 34823 8134 15 Scott Scott NNP 34823 8134 16 , , , 34823 8134 17 _ _ NNP 34823 8134 18 Money Money NNP 34823 8134 19 and and CC 34823 8134 20 Banking Banking NNP 34823 8134 21 _ _ NNP 34823 8134 22 , , , 34823 8134 23 1903 1903 CD 34823 8134 24 ed ed NNP 34823 8134 25 . . NNP 34823 8134 26 , , , 34823 8134 27 ch ch NNP 34823 8134 28 . . . 34823 8135 1 4 4 LS 34823 8135 2 . . . 34823 8136 1 [ [ -LRB- 34823 8136 2 112 112 CD 34823 8136 3 ] ] -RRB- 34823 8136 4 _ _ NNP 34823 8136 5 Cf Cf NNP 34823 8136 6 . . . 34823 8136 7 _ _ NNP 34823 8136 8 Mill Mill NNP 34823 8136 9 , , , 34823 8136 10 _ _ NNP 34823 8136 11 Principles Principles NNP 34823 8136 12 _ _ NNP 34823 8136 13 , , , 34823 8136 14 Bk Bk NNP 34823 8136 15 . . . 34823 8137 1 III III NNP 34823 8137 2 , , , 34823 8137 3 ch ch NN 34823 8137 4 . . . 34823 8138 1 xiii xiii NNP 34823 8138 2 , , , 34823 8138 3 par par NNP 34823 8138 4 . . . 34823 8139 1 1 1 LS 34823 8139 2 . . . 34823 8140 1 " " `` 34823 8140 2 Nothing nothing NN 34823 8140 3 more more JJR 34823 8140 4 is be VBZ 34823 8140 5 needful needful JJ 34823 8140 6 to to TO 34823 8140 7 make make VB 34823 8140 8 a a DT 34823 8140 9 person person NN 34823 8140 10 accept accept VB 34823 8140 11 anything anything NN 34823 8140 12 as as IN 34823 8140 13 money money NN 34823 8140 14 , , , 34823 8140 15 and and CC 34823 8140 16 even even RB 34823 8140 17 at at IN 34823 8140 18 any any DT 34823 8140 19 arbitrary arbitrary JJ 34823 8140 20 value value NN 34823 8140 21 , , , 34823 8140 22 than than IN 34823 8140 23 the the DT 34823 8140 24 persuasion persuasion NN 34823 8140 25 that that IN 34823 8140 26 it -PRON- PRP 34823 8140 27 will will MD 34823 8140 28 be be VB 34823 8140 29 taken take VBN 34823 8140 30 from from IN 34823 8140 31 him -PRON- PRP 34823 8140 32 on on IN 34823 8140 33 the the DT 34823 8140 34 same same JJ 34823 8140 35 terms term NNS 34823 8140 36 by by IN 34823 8140 37 others other NNS 34823 8140 38 . . . 34823 8140 39 " " '' 34823 8141 1 It -PRON- PRP 34823 8141 2 is be VBZ 34823 8141 3 not not RB 34823 8141 4 quite quite RB 34823 8141 5 fair fair JJ 34823 8141 6 to to TO 34823 8141 7 identify identify VB 34823 8141 8 Mill Mill NNP 34823 8141 9 's 's POS 34823 8141 10 doctrine doctrine NN 34823 8141 11 with with IN 34823 8141 12 the the DT 34823 8141 13 circle circle NN 34823 8141 14 stated state VBN 34823 8141 15 above above RB 34823 8141 16 , , , 34823 8141 17 however however RB 34823 8141 18 , , , 34823 8141 19 since since IN 34823 8141 20 Mill Mill NNP 34823 8141 21 couples couple VBZ 34823 8141 22 it -PRON- PRP 34823 8141 23 with with IN 34823 8141 24 a a DT 34823 8141 25 reference reference NN 34823 8141 26 to to IN 34823 8141 27 convention convention NN 34823 8141 28 , , , 34823 8141 29 resting rest VBG 34823 8141 30 on on IN 34823 8141 31 the the DT 34823 8141 32 influence influence NN 34823 8141 33 of of IN 34823 8141 34 government government NN 34823 8141 35 -- -- : 34823 8141 36 a a DT 34823 8141 37 mention mention NN 34823 8141 38 , , , 34823 8141 39 without without IN 34823 8141 40 analysis analysis NN 34823 8141 41 , , , 34823 8141 42 of of IN 34823 8141 43 some some DT 34823 8141 44 of of IN 34823 8141 45 the the DT 34823 8141 46 factors factor NNS 34823 8141 47 to to TO 34823 8141 48 be be VB 34823 8141 49 discussed discuss VBN 34823 8141 50 shortly shortly RB 34823 8141 51 . . . 34823 8142 1 [ [ -LRB- 34823 8142 2 113 113 CD 34823 8142 3 ] ] -RRB- 34823 8142 4 _ _ NNP 34823 8142 5 Cf Cf NNP 34823 8142 6 . . . 34823 8142 7 _ _ NNP 34823 8142 8 Knies Knies NNP 34823 8142 9 , , , 34823 8142 10 _ _ NNP 34823 8142 11 Das Das NNP 34823 8142 12 Geld Geld NNP 34823 8142 13 _ _ NNP 34823 8142 14 , , , 34823 8142 15 I -PRON- PRP 34823 8142 16 , , , 34823 8142 17 p. p. NN 34823 8142 18 140 140 CD 34823 8142 19 . . . 34823 8143 1 [ [ -LRB- 34823 8143 2 114 114 CD 34823 8143 3 ] ] -RRB- 34823 8143 4 _ _ NNP 34823 8143 5 Cf Cf NNP 34823 8143 6 . . . 34823 8144 1 Social Social NNP 34823 8144 2 Value Value NNP 34823 8144 3 _ _ NNP 34823 8144 4 , , , 34823 8144 5 ch ch NN 34823 8144 6 . . . 34823 8145 1 2 2 LS 34823 8145 2 . . . 34823 8146 1 _ _ NNP 34823 8146 2 Infra Infra NNP 34823 8146 3 _ _ NNP 34823 8146 4 , , , 34823 8146 5 our -PRON- PRP$ 34823 8146 6 chapter chapter NN 34823 8146 7 on on IN 34823 8146 8 " " `` 34823 8146 9 The The NNP 34823 8146 10 Functions Functions NNPS 34823 8146 11 of of IN 34823 8146 12 Money Money NNP 34823 8146 13 . . . 34823 8146 14 " " '' 34823 8147 1 [ [ -LRB- 34823 8147 2 115 115 CD 34823 8147 3 ] ] -RRB- 34823 8147 4 _ _ NNP 34823 8147 5 Das Das NNP 34823 8147 6 Geld Geld NNP 34823 8147 7 _ _ NNP 34823 8147 8 , , , 34823 8147 9 Leipzig Leipzig NNP 34823 8147 10 , , , 34823 8147 11 1903 1903 CD 34823 8147 12 , , , 34823 8147 13 p. p. NN 34823 8147 14 477 477 CD 34823 8147 15 . . . 34823 8148 1 [ [ -LRB- 34823 8148 2 116 116 CD 34823 8148 3 ] ] -RRB- 34823 8148 4 Laughlin Laughlin NNP 34823 8148 5 , , , 34823 8148 6 rejoinder rejoinder NN 34823 8148 7 to to IN 34823 8148 8 Clow clow NN 34823 8148 9 , , , 34823 8148 10 " " '' 34823 8148 11 The the DT 34823 8148 12 Quantity quantity NN 34823 8148 13 Theory theory NN 34823 8148 14 and and CC 34823 8148 15 its -PRON- PRP$ 34823 8148 16 Critics Critics NNPS 34823 8148 17 , , , 34823 8148 18 " " '' 34823 8148 19 in in IN 34823 8148 20 _ _ NNP 34823 8148 21 Jour Jour NNP 34823 8148 22 . . . 34823 8149 1 of of IN 34823 8149 2 Pol Pol NNP 34823 8149 3 . . . 34823 8150 1 Econ Econ NNP 34823 8150 2 . . . 34823 8150 3 _ _ NNP 34823 8150 4 , , , 34823 8150 5 1902 1902 CD 34823 8150 6 . . . 34823 8151 1 [ [ -LRB- 34823 8151 2 117 117 CD 34823 8151 3 ] ] -RRB- 34823 8151 4 _ _ NNP 34823 8151 5 Principles Principles NNPS 34823 8151 6 of of IN 34823 8151 7 Money Money NNP 34823 8151 8 _ _ NNP 34823 8151 9 , , , 34823 8151 10 _ _ NNP 34823 8151 11 passim passim NN 34823 8151 12 _ _ NNP 34823 8151 13 . . . 34823 8152 1 [ [ -LRB- 34823 8152 2 118 118 CD 34823 8152 3 ] ] -RRB- 34823 8152 4 _ _ NNP 34823 8152 5 Cf Cf NNP 34823 8152 6 . . . 34823 8153 1 Social Social NNP 34823 8153 2 Value Value NNP 34823 8153 3 _ _ NNP 34823 8153 4 , , , 34823 8153 5 pp pp NNP 34823 8153 6 . . . 34823 8154 1 132 132 CD 34823 8154 2 - - SYM 34823 8154 3 136 136 CD 34823 8154 4 , , , 34823 8154 5 and and CC 34823 8154 6 _ _ NNP 34823 8154 7 supra supra NNP 34823 8154 8 _ _ NNP 34823 8154 9 , , , 34823 8154 10 ch ch NN 34823 8154 11 . . . 34823 8155 1 on on IN 34823 8155 2 " " `` 34823 8155 3 Marginal Marginal NNP 34823 8155 4 Utility Utility NNP 34823 8155 5 and and CC 34823 8155 6 Value Value NNP 34823 8155 7 of of IN 34823 8155 8 Money money NN 34823 8155 9 . . . 34823 8155 10 " " '' 34823 8156 1 [ [ -LRB- 34823 8156 2 119 119 CD 34823 8156 3 ] ] -RRB- 34823 8156 4 Strictly strictly RB 34823 8156 5 speaking speak VBG 34823 8156 6 , , , 34823 8156 7 there there EX 34823 8156 8 is be VBZ 34823 8156 9 no no DT 34823 8156 10 marginal marginal JJ 34823 8156 11 utility utility NN 34823 8156 12 , , , 34823 8156 13 but but CC 34823 8156 14 only only RB 34823 8156 15 a a DT 34823 8156 16 " " `` 34823 8156 17 subjective subjective JJ 34823 8156 18 value value NN 34823 8156 19 in in IN 34823 8156 20 exchange exchange NN 34823 8156 21 , , , 34823 8156 22 " " '' 34823 8156 23 for for IN 34823 8156 24 money money NN 34823 8156 25 of of IN 34823 8156 26 the the DT 34823 8156 27 sort sort NN 34823 8156 28 here here RB 34823 8156 29 discussed discuss VBD 34823 8156 30 . . . 34823 8157 1 See see VB 34823 8157 2 _ _ NNP 34823 8157 3 supra supra NNP 34823 8157 4 _ _ NNP 34823 8157 5 , , , 34823 8157 6 the the DT 34823 8157 7 chapter chapter NN 34823 8157 8 on on IN 34823 8157 9 " " `` 34823 8157 10 Marginal Marginal NNP 34823 8157 11 Utility Utility NNP 34823 8157 12 . . . 34823 8157 13 " " '' 34823 8158 1 [ [ -LRB- 34823 8158 2 120 120 CD 34823 8158 3 ] ] -RRB- 34823 8158 4 The the DT 34823 8158 5 psychological psychological JJ 34823 8158 6 reactions reaction NNS 34823 8158 7 of of IN 34823 8158 8 the the DT 34823 8158 9 people people NNS 34823 8158 10 in in IN 34823 8158 11 times time NNS 34823 8158 12 of of IN 34823 8158 13 stress stress NN 34823 8158 14 and and CC 34823 8158 15 uncertainty uncertainty NN 34823 8158 16 toward toward IN 34823 8158 17 different different JJ 34823 8158 18 kinds kind NNS 34823 8158 19 of of IN 34823 8158 20 money money NN 34823 8158 21 can can MD 34823 8158 22 not not RB 34823 8158 23 be be VB 34823 8158 24 predicted predict VBN 34823 8158 25 with with IN 34823 8158 26 any any DT 34823 8158 27 certainty certainty NN 34823 8158 28 , , , 34823 8158 29 and and CC 34823 8158 30 there there EX 34823 8158 31 seems seem VBZ 34823 8158 32 to to TO 34823 8158 33 be be VB 34823 8158 34 absolutely absolutely RB 34823 8158 35 no no RB 34823 8158 36 definite definite JJ 34823 8158 37 or or CC 34823 8158 38 universal universal JJ 34823 8158 39 law law NN 34823 8158 40 governing govern VBG 34823 8158 41 the the DT 34823 8158 42 matter matter NN 34823 8158 43 . . . 34823 8159 1 The the DT 34823 8159 2 present present JJ 34823 8159 3 writer writer NN 34823 8159 4 collected collect VBD 34823 8159 5 a a DT 34823 8159 6 lot lot NN 34823 8159 7 of of IN 34823 8159 8 newspaper newspaper NN 34823 8159 9 clippings clipping NNS 34823 8159 10 at at IN 34823 8159 11 the the DT 34823 8159 12 outbreak outbreak NN 34823 8159 13 of of IN 34823 8159 14 the the DT 34823 8159 15 present present JJ 34823 8159 16 World World NNP 34823 8159 17 War War NNP 34823 8159 18 . . . 34823 8160 1 From from IN 34823 8160 2 these these DT 34823 8160 3 it -PRON- PRP 34823 8160 4 appears appear VBZ 34823 8160 5 that that IN 34823 8160 6 in in IN 34823 8160 7 both both DT 34823 8160 8 Paris Paris NNP 34823 8160 9 and and CC 34823 8160 10 Berlin Berlin NNP 34823 8160 11 there there EX 34823 8160 12 was be VBD 34823 8160 13 a a DT 34823 8160 14 very very RB 34823 8160 15 great great JJ 34823 8160 16 distrust distrust NN 34823 8160 17 of of IN 34823 8160 18 bank bank NN 34823 8160 19 - - HYPH 34823 8160 20 notes note NNS 34823 8160 21 , , , 34823 8160 22 and and CC 34823 8160 23 an an DT 34823 8160 24 insistence insistence NN 34823 8160 25 by by IN 34823 8160 26 retailers retailer NNS 34823 8160 27 , , , 34823 8160 28 restaurants restaurant NNS 34823 8160 29 , , , 34823 8160 30 landladies landlady NNS 34823 8160 31 , , , 34823 8160 32 etc etc FW 34823 8160 33 . . FW 34823 8160 34 , , , 34823 8160 35 on on IN 34823 8160 36 _ _ NNP 34823 8160 37 coin coin NN 34823 8160 38 _ _ NNP 34823 8160 39 . . . 34823 8161 1 But but CC 34823 8161 2 _ _ NNP 34823 8161 3 silver silver NN 34823 8161 4 _ _ NNP 34823 8161 5 , , , 34823 8161 6 which which WDT 34823 8161 7 was be VBD 34823 8161 8 not not RB 34823 8161 9 standard standard JJ 34823 8161 10 money money NN 34823 8161 11 , , , 34823 8161 12 seems seem VBZ 34823 8161 13 to to TO 34823 8161 14 have have VB 34823 8161 15 been be VBN 34823 8161 16 accepted accept VBN 34823 8161 17 without without IN 34823 8161 18 question question NN 34823 8161 19 . . . 34823 8162 1 When when WRB 34823 8162 2 hoarding hoarding NNP 34823 8162 3 is be VBZ 34823 8162 4 referred refer VBN 34823 8162 5 to to IN 34823 8162 6 in in IN 34823 8162 7 these these DT 34823 8162 8 clippings clipping NNS 34823 8162 9 , , , 34823 8162 10 it -PRON- PRP 34823 8162 11 is be VBZ 34823 8162 12 invariably invariably RB 34823 8162 13 gold gold JJ 34823 8162 14 that that WDT 34823 8162 15 is be VBZ 34823 8162 16 mentioned mention VBN 34823 8162 17 . . . 34823 8163 1 A a DT 34823 8163 2 similar similar JJ 34823 8163 3 hoarding hoarding NN 34823 8163 4 of of IN 34823 8163 5 gold gold NN 34823 8163 6 took take VBD 34823 8163 7 place place NN 34823 8163 8 during during IN 34823 8163 9 the the DT 34823 8163 10 Balkan balkan JJ 34823 8163 11 crisis crisis NN 34823 8163 12 at at IN 34823 8163 13 the the DT 34823 8163 14 time time NN 34823 8163 15 of of IN 34823 8163 16 the the DT 34823 8163 17 outbreak outbreak NN 34823 8163 18 of of IN 34823 8163 19 the the DT 34823 8163 20 war war NN 34823 8163 21 between between IN 34823 8163 22 the the DT 34823 8163 23 Balkan Balkan NNP 34823 8163 24 Allies Allies NNPS 34823 8163 25 and and CC 34823 8163 26 Turkey Turkey NNP 34823 8163 27 . . . 34823 8164 1 Professor Professor NNP 34823 8164 2 E. E. NNP 34823 8164 3 E. E. NNP 34823 8164 4 Agger Agger NNP 34823 8164 5 informs inform VBZ 34823 8164 6 me -PRON- PRP 34823 8164 7 , , , 34823 8164 8 however however RB 34823 8164 9 , , , 34823 8164 10 that that IN 34823 8164 11 he -PRON- PRP 34823 8164 12 has have VBZ 34823 8164 13 found find VBN 34823 8164 14 some some DT 34823 8164 15 evidence evidence NN 34823 8164 16 that that IN 34823 8164 17 bank bank NN 34823 8164 18 - - HYPH 34823 8164 19 notes note NNS 34823 8164 20 as as RB 34823 8164 21 well well RB 34823 8164 22 as as IN 34823 8164 23 gold gold NN 34823 8164 24 were be VBD 34823 8164 25 hoarded hoard VBN 34823 8164 26 in in IN 34823 8164 27 Austria Austria NNP 34823 8164 28 , , , 34823 8164 29 at at IN 34823 8164 30 this this DT 34823 8164 31 time time NN 34823 8164 32 . . . 34823 8165 1 Sometimes sometimes RB 34823 8165 2 we -PRON- PRP 34823 8165 3 have have VBP 34823 8165 4 a a DT 34823 8165 5 suspension suspension NN 34823 8165 6 of of IN 34823 8165 7 Gresham Gresham NNP 34823 8165 8 's 's POS 34823 8165 9 law law NN 34823 8165 10 , , , 34823 8165 11 and and CC 34823 8165 12 an an DT 34823 8165 13 acceptance acceptance NN 34823 8165 14 of of IN 34823 8165 15 all all DT 34823 8165 16 kinds kind NNS 34823 8165 17 of of IN 34823 8165 18 money money NN 34823 8165 19 at at IN 34823 8165 20 varying varying NN 34823 8165 21 ratios ratio NNS 34823 8165 22 . . . 34823 8166 1 The the DT 34823 8166 2 following follow VBG 34823 8166 3 clipping clip VBG 34823 8166 4 from from IN 34823 8166 5 the the DT 34823 8166 6 _ _ NNP 34823 8166 7 Boston Boston NNP 34823 8166 8 Herald Herald NNP 34823 8166 9 _ _ NNP 34823 8166 10 of of IN 34823 8166 11 March March NNP 34823 8166 12 17 17 CD 34823 8166 13 , , , 34823 8166 14 1914 1914 CD 34823 8166 15 , , , 34823 8166 16 illustrates illustrate VBZ 34823 8166 17 this this DT 34823 8166 18 : : : 34823 8166 19 " " `` 34823 8166 20 Douglas Douglas NNP 34823 8166 21 , , , 34823 8166 22 Ariz. Arizona NNP 34823 8166 23 , , , 34823 8166 24 March March NNP 34823 8166 25 16.--Four 16.--four CD 34823 8166 26 kinds kind NNS 34823 8166 27 of of IN 34823 8166 28 money money NN 34823 8166 29 are be VBP 34823 8166 30 now now RB 34823 8166 31 circulating circulate VBG 34823 8166 32 in in IN 34823 8166 33 the the DT 34823 8166 34 Mexican mexican JJ 34823 8166 35 territory territory NN 34823 8166 36 controlled control VBN 34823 8166 37 by by IN 34823 8166 38 the the DT 34823 8166 39 Constitutionalists constitutionalist NNS 34823 8166 40 . . . 34823 8167 1 These these DT 34823 8167 2 are be VBP 34823 8167 3 United United NNP 34823 8167 4 States States NNP 34823 8167 5 currency currency NN 34823 8167 6 , , , 34823 8167 7 the the DT 34823 8167 8 first first JJ 34823 8167 9 issues issue NNS 34823 8167 10 of of IN 34823 8167 11 the the DT 34823 8167 12 Constitutionalist Constitutionalist NNP 34823 8167 13 government government NN 34823 8167 14 and and CC 34823 8167 15 of of IN 34823 8167 16 Sonora Sonora NNP 34823 8167 17 state state NN 34823 8167 18 , , , 34823 8167 19 and and CC 34823 8167 20 ' ' `` 34823 8167 21 Villa Villa NNP 34823 8167 22 money money NN 34823 8167 23 , , , 34823 8167 24 ' ' '' 34823 8167 25 or or CC 34823 8167 26 that that DT 34823 8167 27 issued issue VBN 34823 8167 28 by by IN 34823 8167 29 Chihuahua Chihuahua NNP 34823 8167 30 at at IN 34823 8167 31 the the DT 34823 8167 32 instance instance NN 34823 8167 33 of of IN 34823 8167 34 the the DT 34823 8167 35 rebel rebel JJ 34823 8167 36 military military JJ 34823 8167 37 commander commander NN 34823 8167 38 . . . 34823 8168 1 United United NNP 34823 8168 2 States States NNP 34823 8168 3 takes take VBZ 34823 8168 4 precedence precedence NN 34823 8168 5 . . . 34823 8169 1 Merchants Merchants NNP 34823 8169 2 in in IN 34823 8169 3 Sonora Sonora NNP 34823 8169 4 , , , 34823 8169 5 in in IN 34823 8169 6 order order NN 34823 8169 7 to to TO 34823 8169 8 protect protect VB 34823 8169 9 themselves -PRON- PRP 34823 8169 10 and and CC 34823 8169 11 at at IN 34823 8169 12 the the DT 34823 8169 13 same same JJ 34823 8169 14 time time NN 34823 8169 15 observe observe VBP 34823 8169 16 the the DT 34823 8169 17 laws law NNS 34823 8169 18 requiring require VBG 34823 8169 19 acceptance acceptance NN 34823 8169 20 of of IN 34823 8169 21 the the DT 34823 8169 22 rebel rebel JJ 34823 8169 23 currency currency NN 34823 8169 24 issues issue NNS 34823 8169 25 , , , 34823 8169 26 have have VBP 34823 8169 27 established establish VBN 34823 8169 28 a a DT 34823 8169 29 sliding slide VBG 34823 8169 30 scale scale NN 34823 8169 31 of of IN 34823 8169 32 prices price NNS 34823 8169 33 . . . 34823 8170 1 This this DT 34823 8170 2 was be VBD 34823 8170 3 discovered discover VBN 34823 8170 4 when when WRB 34823 8170 5 five five CD 34823 8170 6 merchants merchant NNS 34823 8170 7 were be VBD 34823 8170 8 arrested arrest VBN 34823 8170 9 at at IN 34823 8170 10 Cananea Cananea NNP 34823 8170 11 by by IN 34823 8170 12 Constitutionalist Constitutionalist NNP 34823 8170 13 secret secret JJ 34823 8170 14 service service NN 34823 8170 15 men man NNS 34823 8170 16 , , , 34823 8170 17 who who WP 34823 8170 18 found find VBD 34823 8170 19 that that IN 34823 8170 20 for for IN 34823 8170 21 American american JJ 34823 8170 22 money money NN 34823 8170 23 they -PRON- PRP 34823 8170 24 could could MD 34823 8170 25 buy buy VB 34823 8170 26 goods good NNS 34823 8170 27 for for IN 34823 8170 28 less less JJR 34823 8170 29 than than IN 34823 8170 30 half half PDT 34823 8170 31 the the DT 34823 8170 32 amount amount NN 34823 8170 33 exacted exact VBN 34823 8170 34 when when WRB 34823 8170 35 payment payment NN 34823 8170 36 was be VBD 34823 8170 37 offered offer VBN 34823 8170 38 in in IN 34823 8170 39 Mexican mexican JJ 34823 8170 40 currency currency NN 34823 8170 41 . . . 34823 8171 1 The the DT 34823 8171 2 uncertainty uncertainty NN 34823 8171 3 of of IN 34823 8171 4 the the DT 34823 8171 5 rebel rebel JJ 34823 8171 6 campaign campaign NN 34823 8171 7 against against IN 34823 8171 8 Torreon Torreon NNP 34823 8171 9 is be VBZ 34823 8171 10 reflected reflect VBN 34823 8171 11 in in IN 34823 8171 12 the the DT 34823 8171 13 money money NN 34823 8171 14 market market NN 34823 8171 15 . . . 34823 8172 1 To to IN 34823 8172 2 - - HYPH 34823 8172 3 day day NN 34823 8172 4 Constitutionalist Constitutionalist NNP 34823 8172 5 sold sell VBN 34823 8172 6 for for IN 34823 8172 7 22 22 CD 34823 8172 8 and and CC 34823 8172 9 28 28 CD 34823 8172 10 cents cent NNS 34823 8172 11 American american JJ 34823 8172 12 on on IN 34823 8172 13 the the DT 34823 8172 14 peso peso NN 34823 8172 15 . . . 34823 8173 1 Mexican mexican JJ 34823 8173 2 federal federal JJ 34823 8173 3 currency currency NN 34823 8173 4 commanded command VBD 34823 8173 5 from from IN 34823 8173 6 30 30 CD 34823 8173 7 to to TO 34823 8173 8 32 32 CD 34823 8173 9 cents cent NNS 34823 8173 10 . . . 34823 8173 11 " " '' 34823 8174 1 In in IN 34823 8174 2 the the DT 34823 8174 3 experience experience NN 34823 8174 4 of of IN 34823 8174 5 travellers traveller NNS 34823 8174 6 who who WP 34823 8174 7 have have VBP 34823 8174 8 discussed discuss VBN 34823 8174 9 the the DT 34823 8174 10 matter matter NN 34823 8174 11 with with IN 34823 8174 12 the the DT 34823 8174 13 writer writer NN 34823 8174 14 , , , 34823 8174 15 there there EX 34823 8174 16 was be VBD 34823 8174 17 little little JJ 34823 8174 18 of of IN 34823 8174 19 this this DT 34823 8174 20 flexibility flexibility NN 34823 8174 21 of of IN 34823 8174 22 relation relation NN 34823 8174 23 between between IN 34823 8174 24 paper paper NN 34823 8174 25 money money NN 34823 8174 26 and and CC 34823 8174 27 coin coin NN 34823 8174 28 in in IN 34823 8174 29 Berlin Berlin NNP 34823 8174 30 , , , 34823 8174 31 or or CC 34823 8174 32 Paris Paris NNP 34823 8174 33 at at IN 34823 8174 34 the the DT 34823 8174 35 outbreak outbreak NN 34823 8174 36 of of IN 34823 8174 37 the the DT 34823 8174 38 present present JJ 34823 8174 39 War War NNP 34823 8174 40 . . . 34823 8175 1 Where where WRB 34823 8175 2 paper paper NN 34823 8175 3 was be VBD 34823 8175 4 refused refuse VBN 34823 8175 5 , , , 34823 8175 6 it -PRON- PRP 34823 8175 7 was be VBD 34823 8175 8 absolutely absolutely RB 34823 8175 9 refused refuse VBN 34823 8175 10 , , , 34823 8175 11 and and CC 34823 8175 12 where where WRB 34823 8175 13 it -PRON- PRP 34823 8175 14 was be VBD 34823 8175 15 accepted accept VBN 34823 8175 16 , , , 34823 8175 17 it -PRON- PRP 34823 8175 18 seems seem VBZ 34823 8175 19 to to TO 34823 8175 20 have have VB 34823 8175 21 been be VBN 34823 8175 22 accepted accept VBN 34823 8175 23 without without IN 34823 8175 24 discount discount NN 34823 8175 25 . . . 34823 8176 1 No no RB 34823 8176 2 doubt doubt RB 34823 8176 3 , , , 34823 8176 4 a a DT 34823 8176 5 fuller full JJR 34823 8176 6 investigation investigation NN 34823 8176 7 would would MD 34823 8176 8 reveal reveal VB 34823 8176 9 all all DT 34823 8176 10 manner manner NN 34823 8176 11 of of IN 34823 8176 12 variation variation NN 34823 8176 13 in in IN 34823 8176 14 the the DT 34823 8176 15 behavior behavior NN 34823 8176 16 of of IN 34823 8176 17 different different JJ 34823 8176 18 people people NNS 34823 8176 19 in in IN 34823 8176 20 different different JJ 34823 8176 21 centres centre NNS 34823 8176 22 , , , 34823 8176 23 and and CC 34823 8176 24 at at IN 34823 8176 25 the the DT 34823 8176 26 same same JJ 34823 8176 27 centres centre NNS 34823 8176 28 , , , 34823 8176 29 at at IN 34823 8176 30 the the DT 34823 8176 31 outbreak outbreak NN 34823 8176 32 of of IN 34823 8176 33 the the DT 34823 8176 34 War War NNP 34823 8176 35 . . . 34823 8177 1 [ [ -LRB- 34823 8177 2 121 121 CD 34823 8177 3 ] ] -RRB- 34823 8177 4 _ _ NNP 34823 8177 5 Money Money NNP 34823 8177 6 and and CC 34823 8177 7 Banking Banking NNP 34823 8177 8 _ _ NNP 34823 8177 9 , , , 34823 8177 10 1903 1903 CD 34823 8177 11 ed ed NNP 34823 8177 12 . . NNP 34823 8177 13 , , , 34823 8177 14 pp pp NNP 34823 8177 15 . . . 34823 8178 1 58 58 CD 34823 8178 2 - - SYM 34823 8178 3 60 60 CD 34823 8178 4 ; ; : 34823 8178 5 101 101 CD 34823 8178 6 - - SYM 34823 8178 7 104 104 CD 34823 8178 8 . . . 34823 8179 1 [ [ -LRB- 34823 8179 2 122 122 CD 34823 8179 3 ] ] -RRB- 34823 8179 4 _ _ NNP 34823 8179 5 Principles Principles NNPS 34823 8179 6 of of IN 34823 8179 7 Money Money NNP 34823 8179 8 _ _ NNP 34823 8179 9 , , , 34823 8179 10 p. p. NN 34823 8179 11 530 530 CD 34823 8179 12 . . . 34823 8180 1 [ [ -LRB- 34823 8180 2 123 123 CD 34823 8180 3 ] ] -RRB- 34823 8180 4 Written write VBN 34823 8180 5 in in IN 34823 8180 6 December December NNP 34823 8180 7 , , , 34823 8180 8 1914 1914 CD 34823 8180 9 . . . 34823 8181 1 [ [ -LRB- 34823 8181 2 124 124 CD 34823 8181 3 ] ] -RRB- 34823 8181 4 _ _ NNP 34823 8181 5 Cf Cf NNP 34823 8181 6 . . . 34823 8181 7 _ _ NNP 34823 8181 8 Clow Clow NNP 34823 8181 9 , , , 34823 8181 10 F. F. NNP 34823 8181 11 R. R. NNP 34823 8181 12 , , , 34823 8181 13 " " `` 34823 8181 14 The the DT 34823 8181 15 Quantity quantity NN 34823 8181 16 Theory theory NN 34823 8181 17 and and CC 34823 8181 18 its -PRON- PRP$ 34823 8181 19 Critics Critics NNPS 34823 8181 20 , , , 34823 8181 21 " " '' 34823 8181 22 _ _ NNP 34823 8181 23 Jour Jour NNP 34823 8181 24 . . . 34823 8182 1 of of IN 34823 8182 2 Pol Pol NNP 34823 8182 3 . . . 34823 8183 1 Econ Econ NNP 34823 8183 2 . . . 34823 8183 3 _ _ NNP 34823 8183 4 , , , 34823 8183 5 1902 1902 CD 34823 8183 6 , , , 34823 8183 7 p. p. NN 34823 8183 8 602 602 CD 34823 8183 9 . . . 34823 8184 1 [ [ -LRB- 34823 8184 2 125 125 CD 34823 8184 3 ] ] -RRB- 34823 8184 4 _ _ NNP 34823 8184 5 Cf Cf NNP 34823 8184 6 . . . 34823 8184 7 _ _ NNP 34823 8184 8 Emery Emery NNP 34823 8184 9 , , , 34823 8184 10 _ _ NNP 34823 8184 11 Speculation Speculation NNP 34823 8184 12 _ _ NNP 34823 8184 13 , , , 34823 8184 14 pp pp NNP 34823 8184 15 . . . 34823 8185 1 90 90 CD 34823 8185 2 - - SYM 34823 8185 3 91 91 CD 34823 8185 4 . . . 34823 8186 1 [ [ -LRB- 34823 8186 2 126 126 CD 34823 8186 3 ] ] -RRB- 34823 8186 4 _ _ NNP 34823 8186 5 Cf Cf NNP 34823 8186 6 . . . 34823 8186 7 _ _ NNP 34823 8186 8 Böhm Böhm NNP 34823 8186 9 - - HYPH 34823 8186 10 Bawerk Bawerk NNP 34823 8186 11 's 's POS 34823 8186 12 criticisms criticism NNS 34823 8186 13 of of IN 34823 8186 14 the the DT 34823 8186 15 " " `` 34823 8186 16 use use NN 34823 8186 17 " " '' 34823 8186 18 theory theory NN 34823 8186 19 of of IN 34823 8186 20 interest interest NN 34823 8186 21 . . . 34823 8187 1 ( ( -LRB- 34823 8187 2 _ _ NNP 34823 8187 3 Capital Capital NNP 34823 8187 4 and and CC 34823 8187 5 Interest Interest NNP 34823 8187 6 _ _ NNP 34823 8187 7 , , , 34823 8187 8 _ _ NNP 34823 8187 9 passim passim NN 34823 8187 10 _ _ NNP 34823 8187 11 . . . 34823 8187 12 ) ) -RRB- 34823 8188 1 Both both DT 34823 8188 2 use use VBP 34823 8188 3 theories theory NNS 34823 8188 4 and and CC 34823 8188 5 productivity productivity NN 34823 8188 6 theories theory NNS 34823 8188 7 are be VBP 34823 8188 8 probably probably RB 34823 8188 9 suggested suggest VBN 34823 8188 10 , , , 34823 8188 11 in in IN 34823 8188 12 part part NN 34823 8188 13 , , , 34823 8188 14 by by IN 34823 8188 15 peculiarities peculiarity NNS 34823 8188 16 which which WDT 34823 8188 17 money money NN 34823 8188 18 possesses possess VBZ 34823 8188 19 in in IN 34823 8188 20 pre pre JJ 34823 8188 21 - - JJ 34823 8188 22 eminent eminent JJ 34823 8188 23 degree degree NN 34823 8188 24 . . . 34823 8189 1 See see VB 34823 8189 2 _ _ NNP 34823 8189 3 infra infra FW 34823 8189 4 _ _ NNP 34823 8189 5 , , , 34823 8189 6 the the DT 34823 8189 7 chapter chapter NN 34823 8189 8 on on IN 34823 8189 9 the the DT 34823 8189 10 " " `` 34823 8189 11 Functions Functions NNPS 34823 8189 12 of of IN 34823 8189 13 Money money NN 34823 8189 14 . . . 34823 8189 15 " " '' 34823 8190 1 [ [ -LRB- 34823 8190 2 127 127 CD 34823 8190 3 ] ] -RRB- 34823 8190 4 A a DT 34823 8190 5 more more RBR 34823 8190 6 precise precise JJ 34823 8190 7 analysis analysis NN 34823 8190 8 of of IN 34823 8190 9 all all PDT 34823 8190 10 these these DT 34823 8190 11 points point NNS 34823 8190 12 will will MD 34823 8190 13 be be VB 34823 8190 14 given give VBN 34823 8190 15 in in IN 34823 8190 16 the the DT 34823 8190 17 chapter chapter NN 34823 8190 18 on on IN 34823 8190 19 " " `` 34823 8190 20 The The NNP 34823 8190 21 Functions Functions NNPS 34823 8190 22 of of IN 34823 8190 23 Money Money NNP 34823 8190 24 . . . 34823 8190 25 " " '' 34823 8191 1 [ [ -LRB- 34823 8191 2 128 128 CD 34823 8191 3 ] ] -RRB- 34823 8191 4 _ _ NNP 34823 8191 5 Cf Cf NNP 34823 8191 6 . . . 34823 8191 7 _ _ NNP 34823 8191 8 Professor Professor NNP 34823 8191 9 Taussig Taussig NNP 34823 8191 10 's 's POS 34823 8191 11 account account NN 34823 8191 12 of of IN 34823 8191 13 expansions expansion NNS 34823 8191 14 and and CC 34823 8191 15 contractions contraction NNS 34823 8191 16 of of IN 34823 8191 17 the the DT 34823 8191 18 silver silver JJ 34823 8191 19 currency currency NN 34823 8191 20 in in IN 34823 8191 21 his -PRON- PRP$ 34823 8191 22 _ _ NNP 34823 8191 23 Silver Silver NNP 34823 8191 24 Situation Situation NNP 34823 8191 25 _ _ NNP 34823 8191 26 , , , 34823 8191 27 _ _ NNP 34823 8191 28 passim passim NN 34823 8191 29 _ _ NNP 34823 8191 30 . . . 34823 8192 1 [ [ -LRB- 34823 8192 2 129 129 CD 34823 8192 3 ] ] -RRB- 34823 8192 4 For for IN 34823 8192 5 bibliography bibliography NN 34823 8192 6 , , , 34823 8192 7 see see VB 34823 8192 8 _ _ NNP 34823 8192 9 Am Am NNP 34823 8192 10 . . . 34823 8193 1 Econ Econ NNP 34823 8193 2 . . . 34823 8194 1 Rev. Rev. NNP 34823 8194 2 _ _ NNP 34823 8194 3 , , , 34823 8194 4 Dec. December NNP 34823 8194 5 , , , 34823 8194 6 1914 1914 CD 34823 8194 7 , , , 34823 8194 8 pp pp NNP 34823 8194 9 . . . 34823 8195 1 838 838 CD 34823 8195 2 - - SYM 34823 8195 3 839 839 CD 34823 8195 4 . . . 34823 8196 1 [ [ -LRB- 34823 8196 2 130 130 CD 34823 8196 3 ] ] -RRB- 34823 8196 4 New New NNP 34823 8196 5 York York NNP 34823 8196 6 , , , 34823 8196 7 1911 1911 CD 34823 8196 8 . . . 34823 8197 1 All all DT 34823 8197 2 references reference NNS 34823 8197 3 to to IN 34823 8197 4 this this DT 34823 8197 5 book book NN 34823 8197 6 in in IN 34823 8197 7 the the DT 34823 8197 8 present present JJ 34823 8197 9 volume volume NN 34823 8197 10 are be VBP 34823 8197 11 to to IN 34823 8197 12 the the DT 34823 8197 13 1913 1913 CD 34823 8197 14 edition edition NN 34823 8197 15 , , , 34823 8197 16 which which WDT 34823 8197 17 contains contain VBZ 34823 8197 18 some some DT 34823 8197 19 new new JJ 34823 8197 20 matter matter NN 34823 8197 21 . . . 34823 8198 1 [ [ -LRB- 34823 8198 2 131 131 CD 34823 8198 3 ] ] -RRB- 34823 8198 4 _ _ NNP 34823 8198 5 Standard Standard NNP 34823 8198 6 of of IN 34823 8198 7 Value Value NNP 34823 8198 8 _ _ NNP 34823 8198 9 , , , 34823 8198 10 London London NNP 34823 8198 11 , , , 34823 8198 12 1912 1912 CD 34823 8198 13 , , , 34823 8198 14 p. p. NN 34823 8198 15 48 48 CD 34823 8198 16 , , , 34823 8198 17 n. n. NNP 34823 8198 18 [ [ -LRB- 34823 8198 19 132 132 CD 34823 8198 20 ] ] -RRB- 34823 8198 21 _ _ NNP 34823 8198 22 Papers Papers NNPS 34823 8198 23 and and CC 34823 8198 24 Proceedings Proceedings NNPS 34823 8198 25 _ _ NNP 34823 8198 26 , , , 34823 8198 27 Supplement Supplement NNP 34823 8198 28 to to IN 34823 8198 29 March March NNP 34823 8198 30 , , , 34823 8198 31 1913 1913 CD 34823 8198 32 , , , 34823 8198 33 number number NN 34823 8198 34 of of IN 34823 8198 35 _ _ NNP 34823 8198 36 American American NNP 34823 8198 37 Econ Econ NNP 34823 8198 38 . . . 34823 8199 1 Review Review NNP 34823 8199 2 _ _ NNP 34823 8199 3 , , , 34823 8199 4 p. p. NN 34823 8199 5 131 131 CD 34823 8199 6 . . . 34823 8200 1 [ [ -LRB- 34823 8200 2 133 133 CD 34823 8200 3 ] ] -RRB- 34823 8200 4 _ _ NNP 34823 8200 5 American American NNP 34823 8200 6 Econ Econ NNP 34823 8200 7 . . . 34823 8201 1 Rev. Rev. NNP 34823 8201 2 _ _ NNP 34823 8201 3 , , , 34823 8201 4 Supplement Supplement NNP 34823 8201 5 to to IN 34823 8201 6 March March NNP 34823 8201 7 , , , 34823 8201 8 1916 1916 CD 34823 8201 9 , , , 34823 8201 10 number number NN 34823 8201 11 , , , 34823 8201 12 p. p. NN 34823 8201 13 138 138 CD 34823 8201 14 . . . 34823 8202 1 [ [ -LRB- 34823 8202 2 134 134 CD 34823 8202 3 ] ] -RRB- 34823 8202 4 _ _ NNP 34823 8202 5 Loc Loc NNP 34823 8202 6 . . . 34823 8203 1 cit cit NNP 34823 8203 2 . . . 34823 8203 3 _ _ NNP 34823 8203 4 , , , 34823 8203 5 pp pp NNP 34823 8203 6 . . . 34823 8204 1 31 31 CD 34823 8204 2 - - SYM 34823 8204 3 32 32 CD 34823 8204 4 . . . 34823 8205 1 [ [ -LRB- 34823 8205 2 135 135 CD 34823 8205 3 ] ] -RRB- 34823 8205 4 _ _ NNP 34823 8205 5 Loc Loc NNP 34823 8205 6 . . . 34823 8206 1 cit cit NNP 34823 8206 2 . . . 34823 8206 3 _ _ NNP 34823 8206 4 , , , 34823 8206 5 pp pp NNP 34823 8206 6 . . . 34823 8207 1 175ff 175ff NNP 34823 8207 2 . . . 34823 8208 1 [ [ -LRB- 34823 8208 2 136 136 CD 34823 8208 3 ] ] -RRB- 34823 8208 4 " " `` 34823 8208 5 The the DT 34823 8208 6 Passiveness passiveness NN 34823 8208 7 of of IN 34823 8208 8 Prices price NNS 34823 8208 9 , , , 34823 8208 10 " " '' 34823 8208 11 _ _ NNP 34823 8208 12 infra infra NNP 34823 8208 13 _ _ NNP 34823 8208 14 . . . 34823 8209 1 [ [ -LRB- 34823 8209 2 137 137 CD 34823 8209 3 ] ] -RRB- 34823 8209 4 Particularly particularly RB 34823 8209 5 in in IN 34823 8209 6 view view NN 34823 8209 7 of of IN 34823 8209 8 the the DT 34823 8209 9 elaborate elaborate JJ 34823 8209 10 statistics statistic NNS 34823 8209 11 , , , 34823 8209 12 to to TO 34823 8209 13 be be VB 34823 8209 14 considered consider VBN 34823 8209 15 below below RB 34823 8209 16 , , , 34823 8209 17 with with IN 34823 8209 18 which which WDT 34823 8209 19 it -PRON- PRP 34823 8209 20 is be VBZ 34823 8209 21 sought seek VBN 34823 8209 22 to to TO 34823 8209 23 make make VB 34823 8209 24 the the DT 34823 8209 25 equation equation NN 34823 8209 26 realistic realistic JJ 34823 8209 27 . . . 34823 8210 1 [ [ -LRB- 34823 8210 2 138 138 CD 34823 8210 3 ] ] -RRB- 34823 8210 4 _ _ NNP 34823 8210 5 Loc Loc NNP 34823 8210 6 . . . 34823 8211 1 cit cit NNP 34823 8211 2 . . . 34823 8211 3 _ _ NNP 34823 8211 4 , , , 34823 8211 5 p. p. NN 34823 8211 6 16ff 16ff NN 34823 8211 7 . . . 34823 8212 1 [ [ -LRB- 34823 8212 2 139 139 CD 34823 8212 3 ] ] -RRB- 34823 8212 4 _ _ NNP 34823 8212 5 Loc Loc NNP 34823 8212 6 . . . 34823 8213 1 cit cit NNP 34823 8213 2 . . . 34823 8213 3 _ _ NNP 34823 8213 4 p. p. NN 34823 8213 5 25 25 CD 34823 8213 6 . . . 34823 8214 1 [ [ -LRB- 34823 8214 2 140 140 CD 34823 8214 3 ] ] -RRB- 34823 8214 4 _ _ NNP 34823 8214 5 Ibid Ibid NNP 34823 8214 6 . . . 34823 8214 7 _ _ NNP 34823 8214 8 , , , 34823 8214 9 p. p. NN 34823 8214 10 26 26 CD 34823 8214 11 . . . 34823 8215 1 [ [ -LRB- 34823 8215 2 141 141 CD 34823 8215 3 ] ] -RRB- 34823 8215 4 _ _ NNP 34823 8215 5 Ibid Ibid NNP 34823 8215 6 . . . 34823 8215 7 _ _ NNP 34823 8215 8 , , , 34823 8215 9 p. p. NN 34823 8215 10 27 27 CD 34823 8215 11 . . . 34823 8216 1 [ [ -LRB- 34823 8216 2 142 142 CD 34823 8216 3 ] ] -RRB- 34823 8216 4 Where where WRB 34823 8216 5 it -PRON- PRP 34823 8216 6 is be VBZ 34823 8216 7 not not RB 34823 8216 8 meaningless meaningless JJ 34823 8216 9 , , , 34823 8216 10 as as IN 34823 8216 11 at at IN 34823 8216 12 various various JJ 34823 8216 13 points point NNS 34823 8216 14 in in IN 34823 8216 15 the the DT 34823 8216 16 theory theory NN 34823 8216 17 of of IN 34823 8216 18 mechanics mechanic NNS 34823 8216 19 , , , 34823 8216 20 the the DT 34823 8216 21 product product NN 34823 8216 22 is be VBZ 34823 8216 23 always always RB 34823 8216 24 of of IN 34823 8216 25 a a DT 34823 8216 26 different different JJ 34823 8216 27 denomination denomination NN 34823 8216 28 from from IN 34823 8216 29 either either DT 34823 8216 30 factor factor NN 34823 8216 31 . . . 34823 8217 1 [ [ -LRB- 34823 8217 2 143 143 CD 34823 8217 3 ] ] -RRB- 34823 8217 4 _ _ NNP 34823 8217 5 Vide Vide NNP 34823 8217 6 _ _ NNP 34823 8217 7 our -PRON- PRP$ 34823 8217 8 ch ch NN 34823 8217 9 . . . 34823 8218 1 on on IN 34823 8218 2 " " `` 34823 8218 3 Supply Supply NNP 34823 8218 4 and and CC 34823 8218 5 Demand demand NN 34823 8218 6 , , , 34823 8218 7 " " '' 34823 8218 8 _ _ NNP 34823 8218 9 supra supra NNP 34823 8218 10 _ _ NNP 34823 8218 11 , , , 34823 8218 12 for for IN 34823 8218 13 a a DT 34823 8218 14 discussion discussion NN 34823 8218 15 of of IN 34823 8218 16 Mill Mill NNP 34823 8218 17 's 's POS 34823 8218 18 doctrine doctrine NN 34823 8218 19 as as IN 34823 8218 20 to to IN 34823 8218 21 the the DT 34823 8218 22 " " `` 34823 8218 23 demand demand NN 34823 8218 24 " " '' 34823 8218 25 for for IN 34823 8218 26 money money NN 34823 8218 27 . . . 34823 8219 1 [ [ -LRB- 34823 8219 2 144 144 CD 34823 8219 3 ] ] -RRB- 34823 8219 4 What what WP 34823 8219 5 is be VBZ 34823 8219 6 here here RB 34823 8219 7 said say VBN 34823 8219 8 of of IN 34823 8219 9 Fisher Fisher NNP 34823 8219 10 's 's POS 34823 8219 11 equation equation NN 34823 8219 12 of of IN 34823 8219 13 exchange exchange NN 34823 8219 14 applies apply VBZ 34823 8219 15 , , , 34823 8219 16 for for IN 34823 8219 17 the the DT 34823 8219 18 most most JJS 34823 8219 19 part part NN 34823 8219 20 , , , 34823 8219 21 to to IN 34823 8219 22 all all DT 34823 8219 23 versions version NNS 34823 8219 24 of of IN 34823 8219 25 it -PRON- PRP 34823 8219 26 . . . 34823 8220 1 [ [ -LRB- 34823 8220 2 145 145 CD 34823 8220 3 ] ] -RRB- 34823 8220 4 _ _ NNP 34823 8220 5 Loc Loc NNP 34823 8220 6 . . . 34823 8221 1 cit cit NNP 34823 8221 2 . . . 34823 8221 3 _ _ NNP 34823 8221 4 , , , 34823 8221 5 p. p. NN 34823 8221 6 298 298 CD 34823 8221 7 . . . 34823 8222 1 _ _ NNP 34823 8222 2 Cf Cf NNP 34823 8222 3 . . . 34823 8222 4 _ _ NNP 34823 8222 5 our -PRON- PRP$ 34823 8222 6 chapter chapter NN 34823 8222 7 , , , 34823 8222 8 _ _ NNP 34823 8222 9 infra infra NNP 34823 8222 10 _ _ NNP 34823 8222 11 , , , 34823 8222 12 on on IN 34823 8222 13 " " `` 34823 8222 14 Statistical Statistical NNP 34823 8222 15 Demonstrations Demonstrations NNPS 34823 8222 16 of of IN 34823 8222 17 the the DT 34823 8222 18 Quantity Quantity NNP 34823 8222 19 Theory Theory NNP 34823 8222 20 . . . 34823 8222 21 " " '' 34823 8223 1 [ [ -LRB- 34823 8223 2 146 146 CD 34823 8223 3 ] ] -RRB- 34823 8223 4 _ _ NNP 34823 8223 5 Purchasing Purchasing NNP 34823 8223 6 Power Power NNP 34823 8223 7 of of IN 34823 8223 8 Money Money NNP 34823 8223 9 _ _ NNP 34823 8223 10 , , , 34823 8223 11 p. p. NN 34823 8223 12 290 290 CD 34823 8223 13 . . . 34823 8224 1 [ [ -LRB- 34823 8224 2 147 147 CD 34823 8224 3 ] ] -RRB- 34823 8224 4 The the DT 34823 8224 5 amplified amplified JJ 34823 8224 6 equation equation NN 34823 8224 7 is be VBZ 34823 8224 8 MV MV NNP 34823 8224 9 + + CC 34823 8224 10 M´V m´v NN 34823 8224 11 ´ ´ NNP 34823 8224 12 = = SYM 34823 8224 13 PT PT NNP 34823 8224 14 , , , 34823 8224 15 which which WDT 34823 8224 16 takes take VBZ 34823 8224 17 account account NN 34823 8224 18 of of IN 34823 8224 19 bank bank NN 34823 8224 20 - - HYPH 34823 8224 21 credit credit NN 34823 8224 22 . . . 34823 8225 1 This this DT 34823 8225 2 is be VBZ 34823 8225 3 explained explain VBN 34823 8225 4 , , , 34823 8225 5 _ _ NNP 34823 8225 6 infra infra NNP 34823 8225 7 _ _ NNP 34823 8225 8 . . . 34823 8226 1 [ [ -LRB- 34823 8226 2 148 148 CD 34823 8226 3 ] ] -RRB- 34823 8226 4 _ _ NNP 34823 8226 5 Loc Loc NNP 34823 8226 6 . . . 34823 8227 1 cit cit NNP 34823 8227 2 . . . 34823 8227 3 _ _ NNP 34823 8227 4 , , , 34823 8227 5 p. p. NN 34823 8227 6 487 487 CD 34823 8227 7 . . . 34823 8228 1 I -PRON- PRP 34823 8228 2 recur recur VBP 34823 8228 3 to to IN 34823 8228 4 this this DT 34823 8228 5 point point NN 34823 8228 6 in in IN 34823 8228 7 discussing discuss VBG 34823 8228 8 the the DT 34823 8228 9 statistics statistic NNS 34823 8228 10 of of IN 34823 8228 11 the the DT 34823 8228 12 " " `` 34823 8228 13 equation equation NNP 34823 8228 14 of of IN 34823 8228 15 exchange exchange NNP 34823 8228 16 " " '' 34823 8228 17 in in IN 34823 8228 18 ch ch NNP 34823 8228 19 . . . 34823 8229 1 19 19 CD 34823 8229 2 . . . 34823 8230 1 [ [ -LRB- 34823 8230 2 149 149 CD 34823 8230 3 ] ] -RRB- 34823 8230 4 _ _ NNP 34823 8230 5 Infra Infra NNP 34823 8230 6 _ _ NNP 34823 8230 7 , , , 34823 8230 8 ch ch NN 34823 8230 9 . . . 34823 8231 1 on on IN 34823 8231 2 " " `` 34823 8231 3 Quantity Quantity NNP 34823 8231 4 Theory Theory NNP 34823 8231 5 and and CC 34823 8231 6 World World NNP 34823 8231 7 Prices Prices NNPS 34823 8231 8 . . . 34823 8231 9 " " '' 34823 8232 1 [ [ -LRB- 34823 8232 2 150 150 CD 34823 8232 3 ] ] -RRB- 34823 8232 4 _ _ NNP 34823 8232 5 Loc Loc NNP 34823 8232 6 . . . 34823 8233 1 cit cit NNP 34823 8233 2 . . . 34823 8233 3 _ _ NNP 34823 8233 4 , , , 34823 8233 5 p. p. NN 34823 8233 6 48 48 CD 34823 8233 7 . . . 34823 8234 1 [ [ -LRB- 34823 8234 2 151 151 CD 34823 8234 3 ] ] -RRB- 34823 8234 4 _ _ NNP 34823 8234 5 Loc Loc NNP 34823 8234 6 . . . 34823 8235 1 cit cit NNP 34823 8235 2 . . . 34823 8235 3 _ _ NNP 34823 8235 4 , , , 34823 8235 5 p. p. NN 34823 8235 6 370 370 CD 34823 8235 7 . . . 34823 8236 1 The the DT 34823 8236 2 same same JJ 34823 8236 3 position position NN 34823 8236 4 is be VBZ 34823 8236 5 taken take VBN 34823 8236 6 by by IN 34823 8236 7 Kemmerer Kemmerer NNP 34823 8236 8 , , , 34823 8236 9 _ _ NNP 34823 8236 10 Money Money NNP 34823 8236 11 and and CC 34823 8236 12 Credit Credit NNP 34823 8236 13 Instruments Instruments NNPS 34823 8236 14 _ _ NNP 34823 8236 15 , , , 34823 8236 16 pp pp NNP 34823 8236 17 . . . 34823 8237 1 68 68 CD 34823 8237 2 _ _ NNP 34823 8237 3 et et NNP 34823 8237 4 seq seq NN 34823 8237 5 . . . 34823 8237 6 _ _ NNP 34823 8237 7 Mill Mill NNP 34823 8237 8 denies deny VBZ 34823 8237 9 the the DT 34823 8237 10 validity validity NN 34823 8237 11 of of IN 34823 8237 12 these these DT 34823 8237 13 distinctions distinction NNS 34823 8237 14 . . . 34823 8238 1 See see VB 34823 8238 2 _ _ NNP 34823 8238 3 Principles Principles NNP 34823 8238 4 _ _ NNP 34823 8238 5 , , , 34823 8238 6 Bk Bk NNP 34823 8238 7 . . . 34823 8239 1 III III NNP 34823 8239 2 , , , 34823 8239 3 ch ch NN 34823 8239 4 . . . 34823 8240 1 12 12 CD 34823 8240 2 , , , 34823 8240 3 Par Par NNP 34823 8240 4 . . . 34823 8241 1 8 8 LS 34823 8241 2 . . . 34823 8242 1 [ [ -LRB- 34823 8242 2 152 152 CD 34823 8242 3 ] ] -RRB- 34823 8242 4 The the DT 34823 8242 5 above above RB 34823 8242 6 was be VBD 34823 8242 7 written write VBN 34823 8242 8 before before IN 34823 8242 9 the the DT 34823 8242 10 discussion discussion NN 34823 8242 11 in in IN 34823 8242 12 the the DT 34823 8242 13 _ _ NNP 34823 8242 14 Annalist Annalist NNP 34823 8242 15 _ _ NNP 34823 8242 16 ( ( -LRB- 34823 8242 17 Feb. February NNP 34823 8242 18 7 7 CD 34823 8242 19 , , , 34823 8242 20 Feb. February NNP 34823 8242 21 21 21 CD 34823 8242 22 , , , 34823 8242 23 March March NNP 34823 8242 24 6 6 CD 34823 8242 25 , , , 34823 8242 26 March March NNP 34823 8242 27 13 13 CD 34823 8242 28 , , , 34823 8242 29 March March NNP 34823 8242 30 20 20 CD 34823 8242 31 , , , 34823 8242 32 1916 1916 CD 34823 8242 33 ) ) -RRB- 34823 8242 34 in in IN 34823 8242 35 which which WDT 34823 8242 36 the the DT 34823 8242 37 present present JJ 34823 8242 38 writer writer NN 34823 8242 39 urged urge VBD 34823 8242 40 that that IN 34823 8242 41 Professor Professor NNP 34823 8242 42 Fisher Fisher NNP 34823 8242 43 had have VBD 34823 8242 44 greatly greatly RB 34823 8242 45 exaggerated exaggerate VBN 34823 8242 46 the the DT 34823 8242 47 volume volume NN 34823 8242 48 of of IN 34823 8242 49 trade trade NN 34823 8242 50 in in IN 34823 8242 51 the the DT 34823 8242 52 United United NNP 34823 8242 53 States States NNP 34823 8242 54 by by IN 34823 8242 55 taking take VBG 34823 8242 56 banking banking NN 34823 8242 57 transactions transaction NNS 34823 8242 58 as as IN 34823 8242 59 representative representative NN 34823 8242 60 of of IN 34823 8242 61 trade trade NN 34823 8242 62 . . . 34823 8243 1 In in IN 34823 8243 2 reply reply NN 34823 8243 3 ( ( -LRB- 34823 8243 4 see see VB 34823 8243 5 especially especially RB 34823 8243 6 the the DT 34823 8243 7 number number NN 34823 8243 8 for for IN 34823 8243 9 Feb. February NNP 34823 8243 10 21 21 CD 34823 8243 11 , , , 34823 8243 12 pp pp NNP 34823 8243 13 . . . 34823 8244 1 245 245 CD 34823 8244 2 _ _ NNP 34823 8244 3 et et NNP 34823 8244 4 seq seq NN 34823 8244 5 . . . 34823 8244 6 _ _ NNP 34823 8244 7 ) ) -RRB- 34823 8244 8 Professor Professor NNP 34823 8244 9 Fisher Fisher NNP 34823 8244 10 maintains maintain VBZ 34823 8244 11 that that IN 34823 8244 12 the the DT 34823 8244 13 overcounting overcounting NN 34823 8244 14 to to TO 34823 8244 15 which which WDT 34823 8244 16 I -PRON- PRP 34823 8244 17 call call VBP 34823 8244 18 attention attention NN 34823 8244 19 is be VBZ 34823 8244 20 offset offset VBN 34823 8244 21 by by IN 34823 8244 22 undercounting undercounte VBG 34823 8244 23 , , , 34823 8244 24 and and CC 34823 8244 25 considers consider VBZ 34823 8244 26 offsetting offset VBG 34823 8244 27 book book NN 34823 8244 28 - - HYPH 34823 8244 29 credits credit NNS 34823 8244 30 , , , 34823 8244 31 which which WDT 34823 8244 32 actually actually RB 34823 8244 33 dispense dispense VBP 34823 8244 34 with with IN 34823 8244 35 the the DT 34823 8244 36 use use NN 34823 8244 37 of of IN 34823 8244 38 money money NN 34823 8244 39 and and CC 34823 8244 40 checks check NNS 34823 8244 41 , , , 34823 8244 42 an an DT 34823 8244 43 important important JJ 34823 8244 44 element element NN 34823 8244 45 in in IN 34823 8244 46 the the DT 34823 8244 47 undercounting undercounting NN 34823 8244 48 . . . 34823 8245 1 I -PRON- PRP 34823 8245 2 am be VBP 34823 8245 3 unable unable JJ 34823 8245 4 to to TO 34823 8245 5 reconcile reconcile VB 34823 8245 6 this this DT 34823 8245 7 position position NN 34823 8245 8 with with IN 34823 8245 9 the the DT 34823 8245 10 reasons reason NNS 34823 8245 11 given give VBN 34823 8245 12 for for IN 34823 8245 13 excluding exclude VBG 34823 8245 14 book book NN 34823 8245 15 - - : 34823 8245 16 credits credit NNS 34823 8245 17 from from IN 34823 8245 18 the the DT 34823 8245 19 " " `` 34823 8245 20 equation equation NNP 34823 8245 21 of of IN 34823 8245 22 exchange exchange NN 34823 8245 23 . . . 34823 8245 24 " " '' 34823 8246 1 A a DT 34823 8246 2 detailed detailed JJ 34823 8246 3 discussion discussion NN 34823 8246 4 of of IN 34823 8246 5 the the DT 34823 8246 6 points point NNS 34823 8246 7 at at IN 34823 8246 8 issue issue NN 34823 8246 9 appears appear VBZ 34823 8246 10 in in IN 34823 8246 11 later later JJ 34823 8246 12 chapters chapter NNS 34823 8246 13 , , , 34823 8246 14 particularly particularly RB 34823 8246 15 in in IN 34823 8246 16 the the DT 34823 8246 17 chapter chapter NN 34823 8246 18 on on IN 34823 8246 19 " " `` 34823 8246 20 Statistical Statistical NNP 34823 8246 21 Demonstrations Demonstrations NNPS 34823 8246 22 of of IN 34823 8246 23 the the DT 34823 8246 24 Quantity Quantity NNP 34823 8246 25 Theory Theory NNP 34823 8246 26 . . . 34823 8246 27 " " '' 34823 8247 1 [ [ -LRB- 34823 8247 2 153 153 CD 34823 8247 3 ] ] -RRB- 34823 8247 4 _ _ NNP 34823 8247 5 Quarterly Quarterly NNP 34823 8247 6 Journal Journal NNP 34823 8247 7 of of IN 34823 8247 8 Economics Economics NNP 34823 8247 9 _ _ NNP 34823 8247 10 , , , 34823 8247 11 vols vol NNS 34823 8247 12 . . . 34823 8248 1 8 8 CD 34823 8248 2 and and CC 34823 8248 3 9 9 CD 34823 8248 4 ; ; : 34823 8248 5 _ _ NNP 34823 8248 6 Political Political NNP 34823 8248 7 Economy Economy NNP 34823 8248 8 _ _ NNP 34823 8248 9 , , , 34823 8248 10 pp pp NNP 34823 8248 11 . . . 34823 8249 1 169 169 CD 34823 8249 2 - - SYM 34823 8249 3 175 175 CD 34823 8249 4 ; ; : 34823 8249 5 _ _ NNP 34823 8249 6 Money Money NNP 34823 8249 7 _ _ NNP 34823 8249 8 , , , 34823 8249 9 chs chs NNP 34823 8249 10 . . . 34823 8250 1 3 3 CD 34823 8250 2 - - SYM 34823 8250 3 8 8 CD 34823 8250 4 . . . 34823 8251 1 [ [ -LRB- 34823 8251 2 154 154 CD 34823 8251 3 ] ] -RRB- 34823 8251 4 In in IN 34823 8251 5 our -PRON- PRP$ 34823 8251 6 analysis analysis NN 34823 8251 7 of of IN 34823 8251 8 bank bank NN 34823 8251 9 - - HYPH 34823 8251 10 loans loan NNS 34823 8251 11 , , , 34823 8251 12 _ _ NNP 34823 8251 13 infra infra NNP 34823 8251 14 _ _ NNP 34823 8251 15 , , , 34823 8251 16 we -PRON- PRP 34823 8251 17 shall shall MD 34823 8251 18 find find VB 34823 8251 19 reason reason NN 34823 8251 20 to to TO 34823 8251 21 hold hold VB 34823 8251 22 that that DT 34823 8251 23 Walker Walker NNP 34823 8251 24 , , , 34823 8251 25 though though IN 34823 8251 26 false false JJ 34823 8251 27 to to IN 34823 8251 28 the the DT 34823 8251 29 logic logic NN 34823 8251 30 of of IN 34823 8251 31 the the DT 34823 8251 32 quantity quantity NN 34823 8251 33 theory theory NN 34823 8251 34 , , , 34823 8251 35 comes come VBZ 34823 8251 36 nearer near RBR 34823 8251 37 to to IN 34823 8251 38 a a DT 34823 8251 39 tenable tenable JJ 34823 8251 40 doctrine doctrine NN 34823 8251 41 than than IN 34823 8251 42 do do VBP 34823 8251 43 Kemmerer Kemmerer NNP 34823 8251 44 , , , 34823 8251 45 Fisher Fisher NNP 34823 8251 46 , , , 34823 8251 47 Andrew Andrew NNP 34823 8251 48 , , , 34823 8251 49 and and CC 34823 8251 50 most most JJS 34823 8251 51 other other JJ 34823 8251 52 quantity quantity NN 34823 8251 53 theorists theorist NNS 34823 8251 54 . . . 34823 8252 1 [ [ -LRB- 34823 8252 2 155 155 CD 34823 8252 3 ] ] -RRB- 34823 8252 4 _ _ NNP 34823 8252 5 Principles Principles NNP 34823 8252 6 _ _ NNP 34823 8252 7 , , , 34823 8252 8 Bk Bk NNP 34823 8252 9 . . . 34823 8253 1 III III NNP 34823 8253 2 , , , 34823 8253 3 chs chs NN 34823 8253 4 . . . 34823 8254 1 11 11 CD 34823 8254 2 and and CC 34823 8254 3 12 12 CD 34823 8254 4 . . . 34823 8255 1 [ [ -LRB- 34823 8255 2 156 156 CD 34823 8255 3 ] ] -RRB- 34823 8255 4 _ _ NNP 34823 8255 5 Purchasing Purchasing NNP 34823 8255 6 Power Power NNP 34823 8255 7 of of IN 34823 8255 8 Money Money NNP 34823 8255 9 . . . 34823 8255 10 _ _ NNP 34823 8255 11 [ [ -LRB- 34823 8255 12 157 157 CD 34823 8255 13 ] ] -RRB- 34823 8255 14 _ _ NNP 34823 8255 15 Loc Loc NNP 34823 8255 16 . . . 34823 8256 1 cit cit NNP 34823 8256 2 . . . 34823 8256 3 _ _ NNP 34823 8256 4 , , , 34823 8256 5 pp pp NNP 34823 8256 6 . . . 34823 8257 1 50 50 CD 34823 8257 2 - - SYM 34823 8257 3 51 51 CD 34823 8257 4 . . . 34823 8258 1 [ [ -LRB- 34823 8258 2 158 158 CD 34823 8258 3 ] ] -RRB- 34823 8258 4 _ _ NNP 34823 8258 5 Loc Loc NNP 34823 8258 6 . . . 34823 8259 1 cit cit NNP 34823 8259 2 . . . 34823 8259 3 _ _ NNP 34823 8259 4 , , , 34823 8259 5 p. p. NN 34823 8259 6 280 280 CD 34823 8259 7 . . . 34823 8260 1 [ [ -LRB- 34823 8260 2 159 159 CD 34823 8260 3 ] ] -RRB- 34823 8260 4 A. a. NN 34823 8260 5 W. W. NNP 34823 8260 6 Atwood Atwood NNP 34823 8260 7 , , , 34823 8260 8 " " `` 34823 8260 9 Hoarded hoard VBN 34823 8260 10 Gold gold NN 34823 8260 11 , , , 34823 8260 12 " " '' 34823 8260 13 _ _ NNP 34823 8260 14 Saturday Saturday NNP 34823 8260 15 Evening Evening NNP 34823 8260 16 Post Post NNP 34823 8260 17 _ _ NNP 34823 8260 18 , , , 34823 8260 19 Dec. December NNP 34823 8260 20 12 12 CD 34823 8260 21 , , , 34823 8260 22 1914 1914 CD 34823 8260 23 , , , 34823 8260 24 p. p. NN 34823 8260 25 26 26 CD 34823 8260 26 . . . 34823 8261 1 [ [ -LRB- 34823 8261 2 160 160 CD 34823 8261 3 ] ] -RRB- 34823 8261 4 _ _ NNP 34823 8261 5 Cf Cf NNP 34823 8261 6 . . . 34823 8261 7 _ _ NNP 34823 8261 8 Kinley Kinley NNP 34823 8261 9 , , , 34823 8261 10 D. D. NNP 34823 8261 11 , , , 34823 8261 12 _ _ NNP 34823 8261 13 The the DT 34823 8261 14 Use Use NNP 34823 8261 15 of of IN 34823 8261 16 Credit Credit NNP 34823 8261 17 Instruments Instruments NNPS 34823 8261 18 _ _ NNP 34823 8261 19 , , , 34823 8261 20 Senate Senate NNP 34823 8261 21 Document Document NNP 34823 8261 22 399 399 CD 34823 8261 23 , , , 34823 8261 24 1910 1910 CD 34823 8261 25 , , , 34823 8261 26 pp pp NNP 34823 8261 27 . . . 34823 8262 1 192 192 CD 34823 8262 2 - - SYM 34823 8262 3 194 194 CD 34823 8262 4 . . . 34823 8263 1 [ [ -LRB- 34823 8263 2 161 161 CD 34823 8263 3 ] ] -RRB- 34823 8263 4 _ _ NNP 34823 8263 5 Ibid Ibid NNP 34823 8263 6 . . . 34823 8263 7 _ _ NNP 34823 8263 8 , , , 34823 8263 9 pp pp NNP 34823 8263 10 . . . 34823 8264 1 102 102 CD 34823 8264 2 - - SYM 34823 8264 3 103 103 CD 34823 8264 4 . . . 34823 8265 1 In in IN 34823 8265 2 the the DT 34823 8265 3 same same JJ 34823 8265 4 volume volume NN 34823 8265 5 , , , 34823 8265 6 on on IN 34823 8265 7 p. p. NN 34823 8265 8 200 200 CD 34823 8265 9 , , , 34823 8265 10 the the DT 34823 8265 11 figures figure NNS 34823 8265 12 are be VBP 34823 8265 13 given give VBN 34823 8265 14 _ _ NNP 34823 8265 15 incorrectly incorrectly RB 34823 8265 16 _ _ NNP 34823 8265 17 , , , 34823 8265 18 as as IN 34823 8265 19 70 70 CD 34823 8265 20 % % NN 34823 8265 21 checks check NNS 34823 8265 22 and and CC 34823 8265 23 30 30 CD 34823 8265 24 % % NN 34823 8265 25 cash cash NN 34823 8265 26 . . . 34823 8266 1 C. C. NNP 34823 8266 2 A. A. NNP 34823 8266 3 Phillips Phillips NNP 34823 8266 4 , , , 34823 8266 5 _ _ NNP 34823 8266 6 Readings Readings NNP 34823 8266 7 in in IN 34823 8266 8 Money Money NNP 34823 8266 9 and and CC 34823 8266 10 Banking Banking NNP 34823 8266 11 _ _ NNP 34823 8266 12 , , , 34823 8266 13 1916 1916 CD 34823 8266 14 , , , 34823 8266 15 p. p. NN 34823 8266 16 151 151 CD 34823 8266 17 , , , 34823 8266 18 repeats repeat VBZ 34823 8266 19 this this DT 34823 8266 20 erroneous erroneous JJ 34823 8266 21 statement statement NN 34823 8266 22 . . . 34823 8267 1 [ [ -LRB- 34823 8267 2 162 162 CD 34823 8267 3 ] ] -RRB- 34823 8267 4 _ _ NNP 34823 8267 5 Cf Cf NNP 34823 8267 6 . . . 34823 8267 7 _ _ NNP 34823 8267 8 Sprague Sprague NNP 34823 8267 9 , , , 34823 8267 10 _ _ NNP 34823 8267 11 Crises Crises NNP 34823 8267 12 under under IN 34823 8267 13 the the DT 34823 8267 14 National National NNP 34823 8267 15 Banking Banking NNP 34823 8267 16 System System NNP 34823 8267 17 _ _ NNP 34823 8267 18 , , , 34823 8267 19 Nat Nat NNP 34823 8267 20 . . . 34823 8268 1 Monetary Monetary NNP 34823 8268 2 Commission Commission NNP 34823 8268 3 Report Report NNP 34823 8268 4 , , , 34823 8268 5 pp pp NNP 34823 8268 6 . . . 34823 8269 1 71 71 CD 34823 8269 2 - - SYM 34823 8269 3 75 75 CD 34823 8269 4 ; ; : 34823 8269 5 200 200 CD 34823 8269 6 , , , 34823 8269 7 202 202 CD 34823 8269 8 . . . 34823 8270 1 [ [ -LRB- 34823 8270 2 163 163 CD 34823 8270 3 ] ] -RRB- 34823 8270 4 _ _ NNP 34823 8270 5 Cf Cf NNP 34823 8270 6 . . . 34823 8270 7 _ _ NNP 34823 8270 8 also also RB 34823 8270 9 p. p. NN 34823 8270 10 280 280 CD 34823 8270 11 of of IN 34823 8270 12 Fisher Fisher NNP 34823 8270 13 's 's POS 34823 8270 14 _ _ NNP 34823 8270 15 Purchasing Purchasing NNP 34823 8270 16 Power Power NNP 34823 8270 17 of of IN 34823 8270 18 Money Money NNP 34823 8270 19 _ _ NNP 34823 8270 20 . . . 34823 8271 1 [ [ -LRB- 34823 8271 2 164 164 CD 34823 8271 3 ] ] -RRB- 34823 8271 4 Kemmerer Kemmerer NNP 34823 8271 5 ( ( -LRB- 34823 8271 6 _ _ NNP 34823 8271 7 Money Money NNP 34823 8271 8 and and CC 34823 8271 9 Credit Credit NNP 34823 8271 10 Instruments Instruments NNPS 34823 8271 11 _ _ NNP 34823 8271 12 , , , 34823 8271 13 p. p. NN 34823 8271 14 80 80 CD 34823 8271 15 ) ) -RRB- 34823 8271 16 maintains maintain VBZ 34823 8271 17 that that IN 34823 8271 18 , , , 34823 8271 19 " " `` 34823 8271 20 under under IN 34823 8271 21 perfectly perfectly RB 34823 8271 22 static static JJ 34823 8271 23 conditions condition NNS 34823 8271 24 , , , 34823 8271 25 " " '' 34823 8271 26 money money NN 34823 8271 27 in in IN 34823 8271 28 circulation circulation NN 34823 8271 29 and and CC 34823 8271 30 money money NN 34823 8271 31 in in IN 34823 8271 32 bank bank NN 34823 8271 33 reserves reserve NNS 34823 8271 34 will will MD 34823 8271 35 keep keep VB 34823 8271 36 a a DT 34823 8271 37 fixed fix VBN 34823 8271 38 relation relation NN 34823 8271 39 to to IN 34823 8271 40 one one CD 34823 8271 41 another another DT 34823 8271 42 . . . 34823 8272 1 He -PRON- PRP 34823 8272 2 offers offer VBZ 34823 8272 3 no no DT 34823 8272 4 argument argument NN 34823 8272 5 to to TO 34823 8272 6 support support VB 34823 8272 7 this this DT 34823 8272 8 view view NN 34823 8272 9 . . . 34823 8273 1 Of of RB 34823 8273 2 course course RB 34823 8273 3 , , , 34823 8273 4 " " '' 34823 8273 5 under under IN 34823 8273 6 perfectly perfectly RB 34823 8273 7 static static JJ 34823 8273 8 conditions condition NNS 34823 8273 9 , , , 34823 8273 10 " " '' 34823 8273 11 everything everything NN 34823 8273 12 keeps keep VBZ 34823 8273 13 in in IN 34823 8273 14 fixed fix VBN 34823 8273 15 relation relation NN 34823 8273 16 to to IN 34823 8273 17 everything everything NN 34823 8273 18 else else RB 34823 8273 19 . . . 34823 8274 1 The the DT 34823 8274 2 volume volume NN 34823 8274 3 of of IN 34823 8274 4 credit credit NN 34823 8274 5 will will MD 34823 8274 6 keep keep VB 34823 8274 7 a a DT 34823 8274 8 fixed fix VBN 34823 8274 9 relation relation NN 34823 8274 10 to to IN 34823 8274 11 the the DT 34823 8274 12 number number NN 34823 8274 13 of of IN 34823 8274 14 laborers laborer NNS 34823 8274 15 and and CC 34823 8274 16 to to IN 34823 8274 17 the the DT 34823 8274 18 supply supply NN 34823 8274 19 of of IN 34823 8274 20 clocks clock NNS 34823 8274 21 . . . 34823 8275 1 But but CC 34823 8275 2 this this DT 34823 8275 3 would would MD 34823 8275 4 hardly hardly RB 34823 8275 5 establish establish VB 34823 8275 6 causal causal JJ 34823 8275 7 connections connection NNS 34823 8275 8 ! ! . 34823 8276 1 Fisher Fisher NNP 34823 8276 2 multiplies multiplie NNS 34823 8276 3 " " `` 34823 8276 4 fixed fix VBN 34823 8276 5 relations relation NNS 34823 8276 6 " " '' 34823 8276 7 of of IN 34823 8276 8 various various JJ 34823 8276 9 kinds kind NNS 34823 8276 10 , , , 34823 8276 11 without without RB 34823 8276 12 , , , 34823 8276 13 so so RB 34823 8276 14 far far RB 34823 8276 15 as as IN 34823 8276 16 very very RB 34823 8276 17 diligent diligent JJ 34823 8276 18 search search NN 34823 8276 19 can can MD 34823 8276 20 tell tell VB 34823 8276 21 , , , 34823 8276 22 offering offer VBG 34823 8276 23 any any DT 34823 8276 24 argument argument NN 34823 8276 25 to to TO 34823 8276 26 support support VB 34823 8276 27 them -PRON- PRP 34823 8276 28 . . . 34823 8277 1 Thus thus RB 34823 8277 2 , , , 34823 8277 3 we -PRON- PRP 34823 8277 4 have have VBP 34823 8277 5 on on IN 34823 8277 6 p. p. NN 34823 8277 7 105 105 CD 34823 8277 8 the the DT 34823 8277 9 statement statement NN 34823 8277 10 , , , 34823 8277 11 " " `` 34823 8277 12 We -PRON- PRP 34823 8277 13 have have VBP 34823 8277 14 seen see VBN 34823 8277 15 that that IN 34823 8277 16 normally normally RB 34823 8277 17 the the DT 34823 8277 18 quantities quantity NNS 34823 8277 19 of of IN 34823 8277 20 other other JJ 34823 8277 21 currency currency NN 34823 8277 22 are be VBP 34823 8277 23 proportional proportional JJ 34823 8277 24 to to IN 34823 8277 25 the the DT 34823 8277 26 quantity quantity NN 34823 8277 27 of of IN 34823 8277 28 primary primary JJ 34823 8277 29 money money NN 34823 8277 30 , , , 34823 8277 31 which which WDT 34823 8277 32 we -PRON- PRP 34823 8277 33 are be VBP 34823 8277 34 supposing suppose VBG 34823 8277 35 to to TO 34823 8277 36 be be VB 34823 8277 37 gold gold JJ 34823 8277 38 . . . 34823 8277 39 " " '' 34823 8278 1 Where where WRB 34823 8278 2 this this DT 34823 8278 3 thesis thesis NN 34823 8278 4 has have VBZ 34823 8278 5 been be VBN 34823 8278 6 demonstrated demonstrate VBN 34823 8278 7 , , , 34823 8278 8 he -PRON- PRP 34823 8278 9 does do VBZ 34823 8278 10 not not RB 34823 8278 11 indicate indicate VB 34823 8278 12 . . . 34823 8279 1 In in IN 34823 8279 2 view view NN 34823 8279 3 of of IN 34823 8279 4 the the DT 34823 8279 5 fact fact NN 34823 8279 6 that that IN 34823 8279 7 gold gold NN 34823 8279 8 has have VBZ 34823 8279 9 been be VBN 34823 8279 10 the the DT 34823 8279 11 one one NN 34823 8279 12 really really RB 34823 8279 13 flexible flexible JJ 34823 8279 14 element element NN 34823 8279 15 in in IN 34823 8279 16 our -PRON- PRP$ 34823 8279 17 money money NN 34823 8279 18 supply supply NN 34823 8279 19 , , , 34823 8279 20 the the DT 34823 8279 21 thesis thesis NN 34823 8279 22 is be VBZ 34823 8279 23 hardly hardly RB 34823 8279 24 credible credible JJ 34823 8279 25 . . . 34823 8280 1 On on IN 34823 8280 2 pp pp NNP 34823 8280 3 . . . 34823 8281 1 146 146 CD 34823 8281 2 - - SYM 34823 8281 3 147 147 CD 34823 8281 4 , , , 34823 8281 5 facing face VBG 34823 8281 6 this this DT 34823 8281 7 difficulty difficulty NN 34823 8281 8 , , , 34823 8281 9 Fisher Fisher NNP 34823 8281 10 says say VBZ 34823 8281 11 : : : 34823 8281 12 " " `` 34823 8281 13 Since since IN 34823 8281 14 , , , 34823 8281 15 however however RB 34823 8281 16 , , , 34823 8281 17 almost almost RB 34823 8281 18 all all PDT 34823 8281 19 the the DT 34823 8281 20 money money NN 34823 8281 21 can can MD 34823 8281 22 be be VB 34823 8281 23 used use VBN 34823 8281 24 as as IN 34823 8281 25 bank bank NN 34823 8281 26 reserves reserve NNS 34823 8281 27 , , , 34823 8281 28 even even RB 34823 8281 29 national national JJ 34823 8281 30 bank bank NN 34823 8281 31 - - HYPH 34823 8281 32 notes note NNS 34823 8281 33 being be VBG 34823 8281 34 so so RB 34823 8281 35 used use VBN 34823 8281 36 by by IN 34823 8281 37 state state NN 34823 8281 38 banks bank NNS 34823 8281 39 and and CC 34823 8281 40 trust trust NN 34823 8281 41 companies company NNS 34823 8281 42 , , , 34823 8281 43 the the DT 34823 8281 44 proportionate proportionate NN 34823 8281 45 relations relation NNS 34823 8281 46 between between IN 34823 8281 47 money money NN 34823 8281 48 in in IN 34823 8281 49 circulation circulation NN 34823 8281 50 , , , 34823 8281 51 money money NN 34823 8281 52 in in IN 34823 8281 53 reserves reserve NNS 34823 8281 54 , , , 34823 8281 55 and and CC 34823 8281 56 bank bank NN 34823 8281 57 - - HYPH 34823 8281 58 deposits deposit NNS 34823 8281 59 will will MD 34823 8281 60 hold hold VB 34823 8281 61 approximately approximately RB 34823 8281 62 true true JJ 34823 8281 63 as as IN 34823 8281 64 the the DT 34823 8281 65 normal normal JJ 34823 8281 66 condition condition NN 34823 8281 67 of of IN 34823 8281 68 affairs affair NNS 34823 8281 69 . . . 34823 8282 1 The the DT 34823 8282 2 legal legal JJ 34823 8282 3 requirements requirement NNS 34823 8282 4 as as IN 34823 8282 5 to to IN 34823 8282 6 reserves reserve NNS 34823 8282 7 strengthen strengthen VB 34823 8282 8 the the DT 34823 8282 9 tendency tendency NN 34823 8282 10 . . . 34823 8282 11 " " '' 34823 8283 1 Here here RB 34823 8283 2 is be VBZ 34823 8283 3 a a DT 34823 8283 4 very very RB 34823 8283 5 substantial substantial JJ 34823 8283 6 growth growth NN 34823 8283 7 in in IN 34823 8283 8 the the DT 34823 8283 9 doctrine doctrine NN 34823 8283 10 , , , 34823 8283 11 with with IN 34823 8283 12 only only RB 34823 8283 13 one one CD 34823 8283 14 new new JJ 34823 8283 15 argument argument NN 34823 8283 16 , , , 34823 8283 17 namely namely RB 34823 8283 18 , , , 34823 8283 19 that that IN 34823 8283 20 concerning concern VBG 34823 8283 21 legal legal JJ 34823 8283 22 reserve reserve NN 34823 8283 23 requirements requirement NNS 34823 8283 24 -- -- : 34823 8283 25 which which WDT 34823 8283 26 gives give VBZ 34823 8283 27 minimal minimal JJ 34823 8283 28 ratios ratio NNS 34823 8283 29 , , , 34823 8283 30 not not RB 34823 8283 31 _ _ NNP 34823 8283 32 fixed fix VBN 34823 8283 33 _ _ NNP 34823 8283 34 ratios ratio NNS 34823 8283 35 . . . 34823 8284 1 In in IN 34823 8284 2 what what WDT 34823 8284 3 way way NN 34823 8284 4 the the DT 34823 8284 5 fact fact NN 34823 8284 6 that that IN 34823 8284 7 most most JJS 34823 8284 8 kinds kind NNS 34823 8284 9 of of IN 34823 8284 10 money money NN 34823 8284 11 can can MD 34823 8284 12 serve serve VB 34823 8284 13 as as IN 34823 8284 14 legal legal JJ 34823 8284 15 reserves reserve NNS 34823 8284 16 gives give VBZ 34823 8284 17 reason reason NN 34823 8284 18 for for IN 34823 8284 19 the the DT 34823 8284 20 doctrine doctrine NN 34823 8284 21 of of IN 34823 8284 22 fixed fix VBN 34823 8284 23 proportions proportion NNS 34823 8284 24 is be VBZ 34823 8284 25 not not RB 34823 8284 26 made make VBN 34823 8284 27 clear clear JJ 34823 8284 28 . . . 34823 8285 1 For for IN 34823 8285 2 Professor Professor NNP 34823 8285 3 Fisher Fisher NNP 34823 8285 4 , , , 34823 8285 5 however however RB 34823 8285 6 , , , 34823 8285 7 it -PRON- PRP 34823 8285 8 seems seem VBZ 34823 8285 9 quite quite RB 34823 8285 10 enough enough JJ 34823 8285 11 , , , 34823 8285 12 for for IN 34823 8285 13 on on IN 34823 8285 14 p. p. NN 34823 8285 15 162 162 CD 34823 8285 16 , , , 34823 8285 17 in in IN 34823 8285 18 the the DT 34823 8285 19 heart heart NN 34823 8285 20 of of IN 34823 8285 21 his -PRON- PRP$ 34823 8285 22 causal causal JJ 34823 8285 23 theory theory NN 34823 8285 24 , , , 34823 8285 25 he -PRON- PRP 34823 8285 26 boldly boldly RB 34823 8285 27 announces announce VBZ 34823 8285 28 : : : 34823 8285 29 " " `` 34823 8285 30 There there EX 34823 8285 31 must must MD 34823 8285 32 be be VB 34823 8285 33 some some DT 34823 8285 34 relation relation NN 34823 8285 35 between between IN 34823 8285 36 the the DT 34823 8285 37 amount amount NN 34823 8285 38 of of IN 34823 8285 39 money money NN 34823 8285 40 in in IN 34823 8285 41 circulation circulation NN 34823 8285 42 , , , 34823 8285 43 the the DT 34823 8285 44 amount amount NN 34823 8285 45 of of IN 34823 8285 46 reserves reserve NNS 34823 8285 47 , , , 34823 8285 48 and and CC 34823 8285 49 the the DT 34823 8285 50 amount amount NN 34823 8285 51 of of IN 34823 8285 52 deposits deposit NNS 34823 8285 53 . . . 34823 8286 1 Normally normally RB 34823 8286 2 _ _ NNP 34823 8286 3 we -PRON- PRP 34823 8286 4 have have VBP 34823 8286 5 seen see VBN 34823 8286 6 _ _ NNP 34823 8286 7 that that IN 34823 8286 8 the the DT 34823 8286 9 three three CD 34823 8286 10 remain remain VBP 34823 8286 11 in in IN 34823 8286 12 given give VBN 34823 8286 13 ratios ratio NNS 34823 8286 14 to to IN 34823 8286 15 each each DT 34823 8286 16 other other JJ 34823 8286 17 . . . 34823 8286 18 " " '' 34823 8287 1 ( ( -LRB- 34823 8287 2 Italics Italics NNP 34823 8287 3 mine mine NN 34823 8287 4 . . . 34823 8287 5 ) ) -RRB- 34823 8288 1 It -PRON- PRP 34823 8288 2 is be VBZ 34823 8288 3 doubtless doubtless RB 34823 8288 4 somewhat somewhat RB 34823 8288 5 dangerous dangerous JJ 34823 8288 6 to to TO 34823 8288 7 make make VB 34823 8288 8 a a DT 34823 8288 9 confident confident JJ 34823 8288 10 negative negative JJ 34823 8288 11 statement statement NN 34823 8288 12 concerning concern VBG 34823 8288 13 a a DT 34823 8288 14 book book NN 34823 8288 15 which which WDT 34823 8288 16 has have VBZ 34823 8288 17 no no DT 34823 8288 18 index index NN 34823 8288 19 . . . 34823 8289 1 But but CC 34823 8289 2 careful careful JJ 34823 8289 3 reading reading NN 34823 8289 4 of of IN 34823 8289 5 all all DT 34823 8289 6 that that WDT 34823 8289 7 has have VBZ 34823 8289 8 preceded precede VBN 34823 8289 9 this this DT 34823 8289 10 statement statement NN 34823 8289 11 reveals reveal VBZ 34823 8289 12 no no DT 34823 8289 13 references reference NNS 34823 8289 14 to to IN 34823 8289 15 this this DT 34823 8289 16 topic topic NN 34823 8289 17 except except IN 34823 8289 18 those those DT 34823 8289 19 quoted quote VBN 34823 8289 20 above above RB 34823 8289 21 . . . 34823 8290 1 " " `` 34823 8290 2 We -PRON- PRP 34823 8290 3 have have VBP 34823 8290 4 seen see VBN 34823 8290 5 " " `` 34823 8290 6 is be VBZ 34823 8290 7 not not RB 34823 8290 8 a a DT 34823 8290 9 legitimate legitimate JJ 34823 8290 10 premise premise NN 34823 8290 11 when when WRB 34823 8290 12 so so RB 34823 8290 13 important important JJ 34823 8290 14 an an DT 34823 8290 15 issue issue NN 34823 8290 16 is be VBZ 34823 8290 17 involved involve VBN 34823 8290 18 . . . 34823 8291 1 In in IN 34823 8291 2 our -PRON- PRP$ 34823 8291 3 discussion discussion NN 34823 8291 4 of of IN 34823 8291 5 reserves reserve NNS 34823 8291 6 in in IN 34823 8291 7 the the DT 34823 8291 8 section section NN 34823 8291 9 on on IN 34823 8291 10 credit credit NN 34823 8291 11 , , , 34823 8291 12 as as RB 34823 8291 13 well well RB 34823 8291 14 as as IN 34823 8291 15 in in IN 34823 8291 16 the the DT 34823 8291 17 discussion discussion NN 34823 8291 18 of of IN 34823 8291 19 the the DT 34823 8291 20 volume volume NN 34823 8291 21 of of IN 34823 8291 22 trade trade NN 34823 8291 23 , , , 34823 8291 24 it -PRON- PRP 34823 8291 25 will will MD 34823 8291 26 appear appear VB 34823 8291 27 that that IN 34823 8291 28 no no UH 34823 8291 29 " " `` 34823 8291 30 normal normal JJ 34823 8291 31 " " '' 34823 8291 32 or or CC 34823 8291 33 " " `` 34823 8291 34 static static JJ 34823 8291 35 " " '' 34823 8291 36 relations relation NNS 34823 8291 37 of of IN 34823 8291 38 this this DT 34823 8291 39 kind kind NN 34823 8291 40 are be VBP 34823 8291 41 possible possible JJ 34823 8291 42 . . . 34823 8292 1 [ [ -LRB- 34823 8292 2 165 165 CD 34823 8292 3 ] ] -RRB- 34823 8292 4 " " `` 34823 8292 5 The the DT 34823 8292 6 price price NN 34823 8292 7 - - HYPH 34823 8292 8 level level NN 34823 8292 9 outside outside RB 34823 8292 10 of of IN 34823 8292 11 New New NNP 34823 8292 12 York York NNP 34823 8292 13 City City NNP 34823 8292 14 , , , 34823 8292 15 for for IN 34823 8292 16 instance instance NN 34823 8292 17 , , , 34823 8292 18 affects affect VBZ 34823 8292 19 the the DT 34823 8292 20 price price NN 34823 8292 21 - - HYPH 34823 8292 22 level level NN 34823 8292 23 in in IN 34823 8292 24 New New NNP 34823 8292 25 York York NNP 34823 8292 26 City City NNP 34823 8292 27 only only RB 34823 8292 28 _ _ NNP 34823 8292 29 via via IN 34823 8292 30 _ _ NNP 34823 8292 31 changes change NNS 34823 8292 32 in in IN 34823 8292 33 the the DT 34823 8292 34 money money NN 34823 8292 35 in in IN 34823 8292 36 New New NNP 34823 8292 37 York York NNP 34823 8292 38 City City NNP 34823 8292 39 . . . 34823 8293 1 Within within IN 34823 8293 2 New New NNP 34823 8293 3 York York NNP 34823 8293 4 City City NNP 34823 8293 5 it -PRON- PRP 34823 8293 6 is be VBZ 34823 8293 7 the the DT 34823 8293 8 money money NN 34823 8293 9 which which WDT 34823 8293 10 influences influence VBZ 34823 8293 11 the the DT 34823 8293 12 price price NN 34823 8293 13 - - HYPH 34823 8293 14 level level NN 34823 8293 15 , , , 34823 8293 16 and and CC 34823 8293 17 not not RB 34823 8293 18 the the DT 34823 8293 19 price price NN 34823 8293 20 - - HYPH 34823 8293 21 level level NN 34823 8293 22 which which WDT 34823 8293 23 influences influence VBZ 34823 8293 24 the the DT 34823 8293 25 money money NN 34823 8293 26 . . . 34823 8294 1 The the DT 34823 8294 2 price price NN 34823 8294 3 - - HYPH 34823 8294 4 level level NN 34823 8294 5 is be VBZ 34823 8294 6 effect effect NN 34823 8294 7 and and CC 34823 8294 8 not not RB 34823 8294 9 cause cause VB 34823 8294 10 . . . 34823 8294 11 " " '' 34823 8295 1 ( ( -LRB- 34823 8295 2 _ _ NNP 34823 8295 3 Loc Loc NNP 34823 8295 4 . . . 34823 8296 1 cit cit NNP 34823 8296 2 . . . 34823 8296 3 _ _ NNP 34823 8296 4 , , , 34823 8296 5 p. p. NN 34823 8297 1 172 172 CD 34823 8297 2 . . . 34823 8297 3 ) ) -RRB- 34823 8298 1 [ [ -LRB- 34823 8298 2 166 166 CD 34823 8298 3 ] ] -RRB- 34823 8298 4 _ _ NNP 34823 8298 5 Loc Loc NNP 34823 8298 6 . . . 34823 8299 1 cit cit NNP 34823 8299 2 . . . 34823 8299 3 _ _ NNP 34823 8299 4 , , , 34823 8299 5 p. p. NN 34823 8299 6 50 50 CD 34823 8299 7 . . . 34823 8300 1 [ [ -LRB- 34823 8300 2 167 167 CD 34823 8300 3 ] ] -RRB- 34823 8300 4 W. W. NNP 34823 8300 5 C. C. NNP 34823 8300 6 Mitchell Mitchell NNP 34823 8300 7 , , , 34823 8300 8 _ _ NNP 34823 8300 9 Business Business NNP 34823 8300 10 Cycles Cycles NNPS 34823 8300 11 _ _ NNP 34823 8300 12 , , , 34823 8300 13 p. p. NN 34823 8300 14 306 306 CD 34823 8300 15 . . . 34823 8301 1 [ [ -LRB- 34823 8301 2 168 168 CD 34823 8301 3 ] ] -RRB- 34823 8301 4 _ _ NNP 34823 8301 5 Ibid Ibid NNP 34823 8301 6 . . . 34823 8301 7 _ _ NNP 34823 8301 8 , , , 34823 8301 9 p. p. NN 34823 8301 10 325 325 CD 34823 8301 11 . . . 34823 8302 1 [ [ -LRB- 34823 8302 2 169 169 CD 34823 8302 3 ] ] -RRB- 34823 8302 4 J. J. NNP 34823 8302 5 P. P. NNP 34823 8302 6 Norton Norton NNP 34823 8302 7 , , , 34823 8302 8 _ _ NNP 34823 8302 9 Statistical Statistical NNP 34823 8302 10 Studies Studies NNPS 34823 8302 11 in in IN 34823 8302 12 the the DT 34823 8302 13 New New NNP 34823 8302 14 York York NNP 34823 8302 15 Money Money NNP 34823 8302 16 Market Market NNP 34823 8302 17 _ _ NNP 34823 8302 18 , , , 34823 8302 19 p. p. NN 34823 8302 20 71 71 CD 34823 8302 21 , , , 34823 8302 22 and and CC 34823 8302 23 chart chart VB 34823 8302 24 opposite opposite JJ 34823 8302 25 p. p. NN 34823 8302 26 72 72 CD 34823 8302 27 . . . 34823 8303 1 [ [ -LRB- 34823 8303 2 170 170 CD 34823 8303 3 ] ] -RRB- 34823 8303 4 _ _ NNP 34823 8303 5 Ibid Ibid NNP 34823 8303 6 . . . 34823 8303 7 _ _ NNP 34823 8303 8 , , , 34823 8303 9 chart chart NN 34823 8303 10 facing face VBG 34823 8303 11 p. p. NN 34823 8303 12 72 72 CD 34823 8303 13 . . . 34823 8304 1 [ [ -LRB- 34823 8304 2 171 171 CD 34823 8304 3 ] ] -RRB- 34823 8304 4 _ _ NNP 34823 8304 5 Cf Cf NNP 34823 8304 6 . . . 34823 8304 7 _ _ NNP 34823 8304 8 Mitchell Mitchell NNP 34823 8304 9 , , , 34823 8304 10 _ _ NNP 34823 8304 11 loc loc NN 34823 8304 12 . . . 34823 8305 1 cit cit NNP 34823 8305 2 . . . 34823 8305 3 _ _ NNP 34823 8305 4 , , , 34823 8305 5 chart chart NN 34823 8305 6 , , , 34823 8305 7 p. p. NN 34823 8305 8 298 298 CD 34823 8305 9 , , , 34823 8305 10 and and CC 34823 8305 11 text text NN 34823 8305 12 , , , 34823 8305 13 p. p. NN 34823 8305 14 295 295 CD 34823 8305 15 . . . 34823 8306 1 As as IN 34823 8306 2 the the DT 34823 8306 3 ratio ratio NN 34823 8306 4 of of IN 34823 8306 5 _ _ NNP 34823 8306 6 reserves reserve NNS 34823 8306 7 _ _ NNP 34823 8306 8 to to IN 34823 8306 9 _ _ NNP 34823 8306 10 money money NN 34823 8306 11 in in IN 34823 8306 12 circulation circulation NN 34823 8306 13 _ _ NNP 34823 8306 14 was be VBD 34823 8306 15 greater great JJR 34823 8306 16 in in IN 34823 8306 17 1911 1911 CD 34823 8306 18 than than IN 34823 8306 19 in in IN 34823 8306 20 1894 1894 CD 34823 8306 21 , , , 34823 8306 22 and and CC 34823 8306 23 as as IN 34823 8306 24 the the DT 34823 8306 25 ratio ratio NN 34823 8306 26 of of IN 34823 8306 27 _ _ NNP 34823 8306 28 deposits deposit NNS 34823 8306 29 to to IN 34823 8306 30 reserves reserve NNS 34823 8306 31 _ _ NNP 34823 8306 32 was be VBD 34823 8306 33 also also RB 34823 8306 34 higher high JJR 34823 8306 35 , , , 34823 8306 36 we -PRON- PRP 34823 8306 37 have have VBP 34823 8306 38 a a DT 34823 8306 39 still still RB 34823 8306 40 wider wide JJR 34823 8306 41 variation variation NN 34823 8306 42 in in IN 34823 8306 43 the the DT 34823 8306 44 ratio ratio NN 34823 8306 45 of of IN 34823 8306 46 money money NN 34823 8306 47 in in IN 34823 8306 48 _ _ NNP 34823 8306 49 circulation circulation NN 34823 8306 50 to to IN 34823 8306 51 deposits_--M deposits_--m XX 34823 8306 52 : : : 34823 8306 53 M M NNP 34823 8306 54 ´ ´ CD 34823 8306 55 . . . 34823 8307 1 [ [ -LRB- 34823 8307 2 172 172 CD 34823 8307 3 ] ] -RRB- 34823 8307 4 See see VB 34823 8307 5 the the DT 34823 8307 6 striking striking JJ 34823 8307 7 figures figure NNS 34823 8307 8 collected collect VBN 34823 8307 9 by by IN 34823 8307 10 A. a. NN 34823 8307 11 P. P. NNP 34823 8307 12 Andrew Andrew NNP 34823 8307 13 for for IN 34823 8307 14 1907 1907 CD 34823 8307 15 . . . 34823 8308 1 _ _ NNP 34823 8308 2 Quart Quart NNP 34823 8308 3 . . . 34823 8309 1 Jour Jour NNP 34823 8309 2 . . . 34823 8310 1 of of IN 34823 8310 2 Econ Econ NNP 34823 8310 3 . . . 34823 8310 4 _ _ NNP 34823 8310 5 , , , 34823 8310 6 Feb. February NNP 34823 8310 7 1908 1908 CD 34823 8310 8 , , , 34823 8310 9 p. p. NN 34823 8310 10 297 297 CD 34823 8310 11 . . . 34823 8311 1 [ [ -LRB- 34823 8311 2 173 173 CD 34823 8311 3 ] ] -RRB- 34823 8311 4 _ _ NNP 34823 8311 5 Infra Infra NNP 34823 8311 6 _ _ NNP 34823 8311 7 , , , 34823 8311 8 our -PRON- PRP$ 34823 8311 9 discussions discussion NNS 34823 8311 10 of of IN 34823 8311 11 the the DT 34823 8311 12 relations relation NNS 34823 8311 13 of of IN 34823 8311 14 volume volume NN 34823 8311 15 of of IN 34823 8311 16 money money NN 34823 8311 17 and and CC 34823 8311 18 credit credit NN 34823 8311 19 to to IN 34823 8311 20 volume volume NN 34823 8311 21 of of IN 34823 8311 22 trade trade NN 34823 8311 23 , , , 34823 8311 24 and and CC 34823 8311 25 our -PRON- PRP$ 34823 8311 26 discussion discussion NN 34823 8311 27 of of IN 34823 8311 28 credit credit NN 34823 8311 29 in in IN 34823 8311 30 the the DT 34823 8311 31 constructive constructive JJ 34823 8311 32 part part NN 34823 8311 33 of of IN 34823 8311 34 the the DT 34823 8311 35 book book NN 34823 8311 36 . . . 34823 8312 1 The the DT 34823 8312 2 theory theory NN 34823 8312 3 of of IN 34823 8312 4 money money NN 34823 8312 5 and and CC 34823 8312 6 credit credit NN 34823 8312 7 must must MD 34823 8312 8 be be VB 34823 8312 9 a a DT 34823 8312 10 dynamic dynamic JJ 34823 8312 11 theory theory NN 34823 8312 12 . . . 34823 8313 1 [ [ -LRB- 34823 8313 2 174 174 CD 34823 8313 3 ] ] -RRB- 34823 8313 4 Senate Senate NNP 34823 8313 5 Document Document NNP 34823 8313 6 , , , 34823 8313 7 No no UH 34823 8313 8 . . . 34823 8314 1 405 405 CD 34823 8314 2 , , , 34823 8314 3 1910 1910 CD 34823 8314 4 . . . 34823 8315 1 For for IN 34823 8315 2 the the DT 34823 8315 3 Bank Bank NNP 34823 8315 4 of of IN 34823 8315 5 England England NNP 34823 8315 6 , , , 34823 8315 7 see see VB 34823 8315 8 p. p. NN 34823 8315 9 25 25 CD 34823 8315 10 ; ; : 34823 8315 11 for for IN 34823 8315 12 the the DT 34823 8315 13 Crédit Crédit NNP 34823 8315 14 Lyonnais Lyonnais NNP 34823 8315 15 , , , 34823 8315 16 pp pp NNP 34823 8315 17 . . . 34823 8316 1 224 224 CD 34823 8316 2 - - SYM 34823 8316 3 226 226 CD 34823 8316 4 ; ; : 34823 8316 5 for for IN 34823 8316 6 the the DT 34823 8316 7 Deutsche Deutsche NNP 34823 8316 8 Bank Bank NNP 34823 8316 9 , , , 34823 8316 10 pp pp NNP 34823 8316 11 . . . 34823 8317 1 374 374 CD 34823 8317 2 - - SYM 34823 8317 3 375 375 CD 34823 8317 4 . . . 34823 8318 1 [ [ -LRB- 34823 8318 2 175 175 CD 34823 8318 3 ] ] -RRB- 34823 8318 4 _ _ NNP 34823 8318 5 Statist Statist NNP 34823 8318 6 _ _ NNP 34823 8318 7 , , , 34823 8318 8 1912 1912 CD 34823 8318 9 , , , 34823 8318 10 p. p. NN 34823 8318 11 577 577 CD 34823 8318 12 . . . 34823 8319 1 [ [ -LRB- 34823 8319 2 176 176 CD 34823 8319 3 ] ] -RRB- 34823 8319 4 " " `` 34823 8319 5 The the DT 34823 8319 6 Prospects prospect NNS 34823 8319 7 of of IN 34823 8319 8 Money money NN 34823 8319 9 , , , 34823 8319 10 " " '' 34823 8319 11 British british JJ 34823 8319 12 _ _ NNP 34823 8319 13 Economic Economic NNP 34823 8319 14 Journal Journal NNP 34823 8319 15 _ _ NNP 34823 8319 16 , , , 34823 8319 17 Dec. December NNP 34823 8319 18 1914 1914 CD 34823 8319 19 . . . 34823 8320 1 [ [ -LRB- 34823 8320 2 177 177 CD 34823 8320 3 ] ] -RRB- 34823 8320 4 _ _ NNP 34823 8320 5 Cf Cf NNP 34823 8320 6 . . . 34823 8320 7 _ _ NNP 34823 8320 8 Ashley Ashley NNP 34823 8320 9 , , , 34823 8320 10 W. W. NNP 34823 8320 11 J. J. NNP 34823 8320 12 , , , 34823 8320 13 _ _ NNP 34823 8320 14 Gold Gold NNP 34823 8320 15 and and CC 34823 8320 16 Prices Prices NNPS 34823 8320 17 _ _ NNP 34823 8320 18 , , , 34823 8320 19 N. N. NNP 34823 8320 20 Y. Y. NNP 34823 8320 21 , , , 34823 8320 22 1912 1912 CD 34823 8320 23 , , , 34823 8320 24 pp pp NNP 34823 8320 25 . . . 34823 8321 1 21 21 CD 34823 8321 2 _ _ NNP 34823 8321 3 et et NNP 34823 8321 4 seq seq NN 34823 8321 5 . . . 34823 8321 6 _ _ NNP 34823 8321 7 [ [ -LRB- 34823 8321 8 178 178 CD 34823 8321 9 ] ] -RRB- 34823 8321 10 _ _ NNP 34823 8321 11 Cf Cf NNP 34823 8321 12 . . . 34823 8321 13 _ _ NNP 34823 8321 14 von von NNP 34823 8321 15 Mises Mises NNP 34823 8321 16 , , , 34823 8321 17 " " `` 34823 8321 18 The the DT 34823 8321 19 Foreign Foreign NNP 34823 8321 20 Exchange Exchange NNP 34823 8321 21 Policy Policy NNP 34823 8321 22 of of IN 34823 8321 23 the the DT 34823 8321 24 Austro Austro NNP 34823 8321 25 - - HYPH 34823 8321 26 Hungarian Hungarian NNP 34823 8321 27 Bank Bank NNP 34823 8321 28 , , , 34823 8321 29 " " `` 34823 8321 30 British British NNP 34823 8321 31 _ _ NNP 34823 8321 32 Econ Econ NNP 34823 8321 33 . . . 34823 8322 1 Jour Jour NNP 34823 8322 2 . . NNP 34823 8322 3 _ _ NNP 34823 8322 4 , , , 34823 8322 5 1909 1909 CD 34823 8322 6 , , , 34823 8322 7 vol vol NNP 34823 8322 8 . . . 34823 8323 1 19 19 CD 34823 8323 2 . . . 34823 8324 1 _ _ NNP 34823 8324 2 Cf Cf NNP 34823 8324 3 . . . 34823 8324 4 _ _ NNP 34823 8324 5 Keynes Keynes NNP 34823 8324 6 , , , 34823 8324 7 _ _ NNP 34823 8324 8 Indian Indian NNP 34823 8324 9 Currency Currency NNP 34823 8324 10 and and CC 34823 8324 11 Finance Finance NNP 34823 8324 12 _ _ NNP 34823 8324 13 . . . 34823 8325 1 [ [ -LRB- 34823 8325 2 179 179 CD 34823 8325 3 ] ] -RRB- 34823 8325 4 Conant Conant NNP 34823 8325 5 , , , 34823 8325 6 _ _ NNP 34823 8325 7 Principles Principles NNPS 34823 8325 8 of of IN 34823 8325 9 Money Money NNP 34823 8325 10 and and CC 34823 8325 11 Banking Banking NNP 34823 8325 12 _ _ NNP 34823 8325 13 , , , 34823 8325 14 vol vol NNP 34823 8325 15 . . . 34823 8326 1 II II NNP 34823 8326 2 , , , 34823 8326 3 p. p. NN 34823 8326 4 50 50 CD 34823 8326 5 . . . 34823 8327 1 In in IN 34823 8327 2 1899 1899 CD 34823 8327 3 , , , 34823 8327 4 the the DT 34823 8327 5 reserve reserve NN 34823 8327 6 of of IN 34823 8327 7 the the DT 34823 8327 8 Bank Bank NNP 34823 8327 9 of of IN 34823 8327 10 Belgium Belgium NNP 34823 8327 11 consisted consist VBD 34823 8327 12 of of IN 34823 8327 13 107 107 CD 34823 8327 14 millions million NNS 34823 8327 15 ( ( -LRB- 34823 8327 16 francs franc NNS 34823 8327 17 ) ) -RRB- 34823 8327 18 in in IN 34823 8327 19 specie specie NN 34823 8327 20 , , , 34823 8327 21 and and CC 34823 8327 22 108 108 CD 34823 8327 23 millions million NNS 34823 8327 24 in in IN 34823 8327 25 foreign foreign JJ 34823 8327 26 bills bill NNS 34823 8327 27 . . . 34823 8328 1 [ [ -LRB- 34823 8328 2 180 180 CD 34823 8328 3 ] ] -RRB- 34823 8328 4 _ _ NNP 34823 8328 5 Principles Principles NNPS 34823 8328 6 of of IN 34823 8328 7 Economics Economics NNP 34823 8328 8 _ _ NNP 34823 8328 9 , , , 34823 8328 10 vol vol NNP 34823 8328 11 . . . 34823 8329 1 I -PRON- PRP 34823 8329 2 , , , 34823 8329 3 pp pp NNP 34823 8329 4 . . . 34823 8330 1 432 432 CD 34823 8330 2 _ _ NNP 34823 8330 3 et et NNP 34823 8330 4 seq seq NN 34823 8330 5 . . . 34823 8330 6 _ _ NNP 34823 8330 7 [ [ -LRB- 34823 8330 8 181 181 CD 34823 8330 9 ] ] -RRB- 34823 8330 10 In in IN 34823 8330 11 the the DT 34823 8330 12 chapter chapter NN 34823 8330 13 on on IN 34823 8330 14 " " `` 34823 8330 15 Quantity Quantity NNP 34823 8330 16 Theory Theory NNP 34823 8330 17 and and CC 34823 8330 18 International International NNP 34823 8330 19 Gold Gold NNP 34823 8330 20 Movements Movements NNPS 34823 8330 21 , , , 34823 8330 22 " " '' 34823 8330 23 _ _ NNP 34823 8330 24 infra infra NNP 34823 8330 25 _ _ NNP 34823 8330 26 . . . 34823 8331 1 [ [ -LRB- 34823 8331 2 182 182 CD 34823 8331 3 ] ] -RRB- 34823 8331 4 The the DT 34823 8331 5 Joint Joint NNP 34823 8331 6 Stock Stock NNP 34823 8331 7 Banks Banks NNPS 34823 8331 8 in in IN 34823 8331 9 England England NNP 34823 8331 10 keep keep VB 34823 8331 11 " " '' 34823 8331 12 till till IN 34823 8331 13 money money NN 34823 8331 14 " " '' 34823 8331 15 in in IN 34823 8331 16 cash cash NN 34823 8331 17 , , , 34823 8331 18 even even RB 34823 8331 19 though though IN 34823 8331 20 their -PRON- PRP$ 34823 8331 21 " " `` 34823 8331 22 reserves reserve NNS 34823 8331 23 " " '' 34823 8331 24 are be VBP 34823 8331 25 chiefly chiefly RB 34823 8331 26 deposits deposit NNS 34823 8331 27 at at IN 34823 8331 28 the the DT 34823 8331 29 Bank Bank NNP 34823 8331 30 of of IN 34823 8331 31 England England NNP 34823 8331 32 . . . 34823 8332 1 [ [ -LRB- 34823 8332 2 183 183 CD 34823 8332 3 ] ] -RRB- 34823 8332 4 Fisher Fisher NNP 34823 8332 5 , , , 34823 8332 6 _ _ NNP 34823 8332 7 loc loc NN 34823 8332 8 . . . 34823 8333 1 cit cit NNP 34823 8333 2 . . . 34823 8334 1 passim passim NNP 34823 8334 2 _ _ NNP 34823 8334 3 . . . 34823 8335 1 _ _ NNP 34823 8335 2 Vide Vide NNP 34823 8335 3 _ _ NNP 34823 8335 4 especially especially RB 34823 8335 5 ch ch NN 34823 8335 6 . . . 34823 8336 1 8 8 LS 34823 8336 2 . . . 34823 8337 1 [ [ -LRB- 34823 8337 2 184 184 CD 34823 8337 3 ] ] -RRB- 34823 8337 4 _ _ NNP 34823 8337 5 Purchasing Purchasing NNP 34823 8337 6 Power Power NNP 34823 8337 7 of of IN 34823 8337 8 Money Money NNP 34823 8337 9 _ _ NNP 34823 8337 10 . . . 34823 8338 1 [ [ -LRB- 34823 8338 2 185 185 CD 34823 8338 3 ] ] -RRB- 34823 8338 4 _ _ NNP 34823 8338 5 Business Business NNP 34823 8338 6 Cycles Cycles NNPS 34823 8338 7 _ _ NNP 34823 8338 8 , , , 34823 8338 9 pp pp NNP 34823 8338 10 . . . 34823 8339 1 580 580 CD 34823 8339 2 , , , 34823 8339 3 595 595 CD 34823 8339 4 - - SYM 34823 8339 5 596 596 CD 34823 8339 6 . . . 34823 8340 1 [ [ -LRB- 34823 8340 2 186 186 CD 34823 8340 3 ] ] -RRB- 34823 8340 4 _ _ NNP 34823 8340 5 Cf Cf NNP 34823 8340 6 . . . 34823 8340 7 _ _ NNP 34823 8340 8 C. C. NNP 34823 8340 9 M. M. NNP 34823 8340 10 Walsh Walsh NNP 34823 8340 11 , , , 34823 8340 12 _ _ NNP 34823 8340 13 The the DT 34823 8340 14 Measurement Measurement NNP 34823 8340 15 of of IN 34823 8340 16 General General NNP 34823 8340 17 Exchange Exchange NNP 34823 8340 18 Value Value NNP 34823 8340 19 _ _ NNP 34823 8340 20 , , , 34823 8340 21 pp pp NNP 34823 8340 22 . . . 34823 8341 1 480 480 CD 34823 8341 2 - - SYM 34823 8341 3 481 481 CD 34823 8341 4 . . . 34823 8342 1 [ [ -LRB- 34823 8342 2 187 187 CD 34823 8342 3 ] ] -RRB- 34823 8342 4 On on IN 34823 8342 5 pp pp NNP 34823 8342 6 . . . 34823 8343 1 314 314 CD 34823 8343 2 - - HYPH 34823 8343 3 315 315 CD 34823 8343 4 , , , 34823 8343 5 and and CC 34823 8343 6 elsewhere elsewhere RB 34823 8343 7 , , , 34823 8343 8 Fisher Fisher NNP 34823 8343 9 indicates indicate VBZ 34823 8343 10 that that IN 34823 8343 11 _ _ NNP 34823 8343 12 all all DT 34823 8343 13 _ _ NNP 34823 8343 14 the the DT 34823 8343 15 causes cause NNS 34823 8343 16 affecting affect VBG 34823 8343 17 prices price NNS 34823 8343 18 operate operate VBP 34823 8343 19 _ _ NNP 34823 8343 20 through through IN 34823 8343 21 _ _ NNP 34823 8343 22 the the DT 34823 8343 23 factors factor NNS 34823 8343 24 in in IN 34823 8343 25 the the DT 34823 8343 26 equation equation NN 34823 8343 27 of of IN 34823 8343 28 exchange exchange NN 34823 8343 29 . . . 34823 8344 1 _ _ NNP 34823 8344 2 Cf Cf NNP 34823 8344 3 . . . 34823 8344 4 _ _ NNP 34823 8344 5 p. p. NN 34823 8344 6 74 74 CD 34823 8344 7 . . . 34823 8345 1 This this DT 34823 8345 2 would would MD 34823 8345 3 require require VB 34823 8345 4 a a DT 34823 8345 5 concrete concrete JJ 34823 8345 6 equation equation NN 34823 8345 7 of of IN 34823 8345 8 exchange exchange NN 34823 8345 9 throughout throughout IN 34823 8345 10 . . . 34823 8346 1 [ [ -LRB- 34823 8346 2 188 188 CD 34823 8346 3 ] ] -RRB- 34823 8346 4 Chapter chapter NN 34823 8346 5 on on IN 34823 8346 6 " " `` 34823 8346 7 Passiveness passiveness NN 34823 8346 8 of of IN 34823 8346 9 Prices price NNS 34823 8346 10 . . . 34823 8346 11 " " '' 34823 8347 1 [ [ -LRB- 34823 8347 2 189 189 CD 34823 8347 3 ] ] -RRB- 34823 8347 4 _ _ NNP 34823 8347 5 Loc Loc NNP 34823 8347 6 . . . 34823 8348 1 cit cit NNP 34823 8348 2 . . . 34823 8348 3 _ _ NNP 34823 8348 4 , , , 34823 8348 5 p. p. NN 34823 8348 6 169 169 CD 34823 8348 7 . . . 34823 8349 1 [ [ -LRB- 34823 8349 2 190 190 CD 34823 8349 3 ] ] -RRB- 34823 8349 4 _ _ NNP 34823 8349 5 Cf Cf NNP 34823 8349 6 . . . 34823 8349 7 _ _ NNP 34823 8349 8 his -PRON- PRP$ 34823 8349 9 _ _ NNP 34823 8349 10 Silver Silver NNP 34823 8349 11 Situation Situation NNP 34823 8349 12 _ _ NNP 34823 8349 13 . . . 34823 8350 1 1878 1878 CD 34823 8350 2 to to IN 34823 8350 3 1891 1891 CD 34823 8350 4 do do VBP 34823 8350 5 not not RB 34823 8350 6 give give VB 34823 8350 7 time time NN 34823 8350 8 enough enough JJ 34823 8350 9 for for IN 34823 8350 10 quantity quantity NN 34823 8350 11 of of IN 34823 8350 12 money money NN 34823 8350 13 to to TO 34823 8350 14 dominate dominate VB 34823 8350 15 volume volume NN 34823 8350 16 of of IN 34823 8350 17 credit credit NN 34823 8350 18 , , , 34823 8350 19 in in IN 34823 8350 20 his -PRON- PRP$ 34823 8350 21 exposition exposition NN 34823 8350 22 ! ! . 34823 8351 1 [ [ -LRB- 34823 8351 2 191 191 CD 34823 8351 3 ] ] -RRB- 34823 8351 4 Mill Mill NNP 34823 8351 5 , , , 34823 8351 6 _ _ NNP 34823 8351 7 Principles Principles NNP 34823 8351 8 _ _ NNP 34823 8351 9 , , , 34823 8351 10 Bk Bk NNP 34823 8351 11 . . . 34823 8352 1 III III NNP 34823 8352 2 , , , 34823 8352 3 ch ch NN 34823 8352 4 . . . 34823 8353 1 12 12 CD 34823 8353 2 , , , 34823 8353 3 par par NN 34823 8353 4 . . . 34823 8354 1 1 1 LS 34823 8354 2 . . . 34823 8355 1 [ [ -LRB- 34823 8355 2 192 192 CD 34823 8355 3 ] ] -RRB- 34823 8355 4 Fisher Fisher NNP 34823 8355 5 , , , 34823 8355 6 _ _ NNP 34823 8355 7 loc loc NN 34823 8355 8 . . . 34823 8356 1 cit cit NNP 34823 8356 2 . . . 34823 8356 3 _ _ NNP 34823 8356 4 , , , 34823 8356 5 p. p. NN 34823 8356 6 62 62 CD 34823 8356 7 . . . 34823 8357 1 [ [ -LRB- 34823 8357 2 193 193 CD 34823 8357 3 ] ] -RRB- 34823 8357 4 " " `` 34823 8357 5 A a DT 34823 8357 6 Compensated compensate VBN 34823 8357 7 Dollar Dollar NNP 34823 8357 8 , , , 34823 8357 9 " " '' 34823 8357 10 _ _ NNP 34823 8357 11 Quart Quart NNP 34823 8357 12 . . . 34823 8358 1 Jour Jour NNP 34823 8358 2 . . . 34823 8359 1 of of IN 34823 8359 2 Econ Econ NNP 34823 8359 3 . . . 34823 8359 4 _ _ NNP 34823 8359 5 , , , 34823 8359 6 Feb. February NNP 34823 8359 7 1913 1913 CD 34823 8359 8 . . . 34823 8360 1 [ [ -LRB- 34823 8360 2 194 194 CD 34823 8360 3 ] ] -RRB- 34823 8360 4 The the DT 34823 8360 5 chapter chapter NN 34823 8360 6 on on IN 34823 8360 7 " " `` 34823 8360 8 Dodo Dodo NNP 34823 8360 9 - - HYPH 34823 8360 10 Bones bone NNS 34823 8360 11 , , , 34823 8360 12 " " '' 34823 8360 13 _ _ NNP 34823 8360 14 supra supra NNP 34823 8360 15 _ _ NNP 34823 8360 16 , , , 34823 8360 17 and and CC 34823 8360 18 the the DT 34823 8360 19 chapter chapter NN 34823 8360 20 on on IN 34823 8360 21 " " `` 34823 8360 22 The the DT 34823 8360 23 Quantity quantity NN 34823 8360 24 Theory Theory NNP 34823 8360 25 and and CC 34823 8360 26 World World NNP 34823 8360 27 Prices Prices NNPS 34823 8360 28 , , , 34823 8360 29 " " '' 34823 8360 30 _ _ NNP 34823 8360 31 infra infra NNP 34823 8360 32 _ _ NNP 34823 8360 33 . . . 34823 8361 1 [ [ -LRB- 34823 8361 2 195 195 CD 34823 8361 3 ] ] -RRB- 34823 8361 4 _ _ NNP 34823 8361 5 Loc Loc NNP 34823 8361 6 . . . 34823 8362 1 cit cit NNP 34823 8362 2 . . . 34823 8362 3 _ _ NNP 34823 8362 4 , , , 34823 8362 5 p. p. NN 34823 8362 6 156 156 CD 34823 8362 7 . . . 34823 8363 1 [ [ -LRB- 34823 8363 2 196 196 CD 34823 8363 3 ] ] -RRB- 34823 8363 4 _ _ NNP 34823 8363 5 Ibid Ibid NNP 34823 8363 6 . . . 34823 8363 7 _ _ NNP 34823 8363 8 , , , 34823 8363 9 p. p. NN 34823 8363 10 160 160 CD 34823 8363 11 . . . 34823 8364 1 [ [ -LRB- 34823 8364 2 197 197 CD 34823 8364 3 ] ] -RRB- 34823 8364 4 Or or CC 34823 8364 5 organs organ NNS 34823 8364 6 for for IN 34823 8364 7 pianos piano NNS 34823 8364 8 , , , 34823 8364 9 etc etc FW 34823 8364 10 . . . 34823 8365 1 A a DT 34823 8365 2 common common JJ 34823 8365 3 practice practice NN 34823 8365 4 -- -- : 34823 8365 5 less less RBR 34823 8365 6 common common JJ 34823 8365 7 in in IN 34823 8365 8 the the DT 34823 8365 9 North North NNP 34823 8365 10 than than IN 34823 8365 11 formerly formerly RB 34823 8365 12 -- -- : 34823 8365 13 is be VBZ 34823 8365 14 the the DT 34823 8365 15 payment payment NN 34823 8365 16 of of IN 34823 8365 17 bills bill NNS 34823 8365 18 at at IN 34823 8365 19 country country NN 34823 8365 20 stores store NNS 34823 8365 21 in in IN 34823 8365 22 produce produce NN 34823 8365 23 . . . 34823 8366 1 There there EX 34823 8366 2 is be VBZ 34823 8366 3 not not RB 34823 8366 4 a a DT 34823 8366 5 little little JJ 34823 8366 6 barter barter NN 34823 8366 7 at at IN 34823 8366 8 secondhand secondhand NN 34823 8366 9 stores store NNS 34823 8366 10 in in IN 34823 8366 11 New New NNP 34823 8366 12 York York NNP 34823 8366 13 City City NNP 34823 8366 14 . . . 34823 8367 1 [ [ -LRB- 34823 8367 2 198 198 CD 34823 8367 3 ] ] -RRB- 34823 8367 4 Mr. Mr. NNP 34823 8367 5 Burton Burton NNP 34823 8367 6 Thompson Thompson NNP 34823 8367 7 , , , 34823 8367 8 of of IN 34823 8367 9 No no UH 34823 8367 10 . . . 34823 8368 1 7 7 CD 34823 8368 2 Wall Wall NNP 34823 8368 3 St. St. NNP 34823 8368 4 , , , 34823 8368 5 who who WP 34823 8368 6 knows know VBZ 34823 8368 7 the the DT 34823 8368 8 real real JJ 34823 8368 9 estate estate NN 34823 8368 10 situation situation NN 34823 8368 11 there there RB 34823 8368 12 intimately intimately RB 34823 8368 13 , , , 34823 8368 14 states state VBZ 34823 8368 15 that that IN 34823 8368 16 while while IN 34823 8368 17 dealers dealer NNS 34823 8368 18 do do VBP 34823 8368 19 not not RB 34823 8368 20 like like VB 34823 8368 21 to to TO 34823 8368 22 " " `` 34823 8368 23 swap swap VB 34823 8368 24 " " '' 34823 8368 25 real real JJ 34823 8368 26 estate estate NN 34823 8368 27 , , , 34823 8368 28 and and CC 34823 8368 29 do do VBP 34823 8368 30 little little JJ 34823 8368 31 of of IN 34823 8368 32 it -PRON- PRP 34823 8368 33 when when WRB 34823 8368 34 business business NN 34823 8368 35 is be VBZ 34823 8368 36 good good JJ 34823 8368 37 , , , 34823 8368 38 they -PRON- PRP 34823 8368 39 are be VBP 34823 8368 40 forced force VBN 34823 8368 41 to to TO 34823 8368 42 do do VB 34823 8368 43 it -PRON- PRP 34823 8368 44 extensively extensively RB 34823 8368 45 when when WRB 34823 8368 46 business business NN 34823 8368 47 is be VBZ 34823 8368 48 sluggish sluggish JJ 34823 8368 49 , , , 34823 8368 50 " " '' 34823 8368 51 as as IN 34823 8368 52 has have VBZ 34823 8368 53 been be VBN 34823 8368 54 the the DT 34823 8368 55 case case NN 34823 8368 56 for for IN 34823 8368 57 the the DT 34823 8368 58 past past JJ 34823 8368 59 four four CD 34823 8368 60 or or CC 34823 8368 61 five five CD 34823 8368 62 years year NNS 34823 8368 63 . . . 34823 8368 64 " " '' 34823 8369 1 [ [ -LRB- 34823 8369 2 199 199 CD 34823 8369 3 ] ] -RRB- 34823 8369 4 _ _ NNP 34823 8369 5 Cf Cf NNP 34823 8369 6 . . . 34823 8369 7 _ _ NNP 34823 8369 8 E. E. NNP 34823 8369 9 S. S. NNP 34823 8369 10 Meade Meade NNP 34823 8369 11 , , , 34823 8369 12 _ _ NNP 34823 8369 13 Corporation Corporation NNP 34823 8369 14 Finance Finance NNP 34823 8369 15 _ _ NNP 34823 8369 16 , , , 34823 8369 17 p. p. NN 34823 8369 18 376 376 CD 34823 8369 19 , , , 34823 8369 20 and and CC 34823 8369 21 _ _ NNP 34823 8369 22 passim passim NN 34823 8369 23 _ _ NNP 34823 8369 24 . . . 34823 8370 1 [ [ -LRB- 34823 8370 2 200 200 CD 34823 8370 3 ] ] -RRB- 34823 8370 4 The the DT 34823 8370 5 same same JJ 34823 8370 6 thing thing NN 34823 8370 7 often often RB 34823 8370 8 happens happen VBZ 34823 8370 9 when when WRB 34823 8370 10 a a DT 34823 8370 11 bond bond NN 34823 8370 12 issue issue NN 34823 8370 13 is be VBZ 34823 8370 14 paid pay VBN 34823 8370 15 off off RP 34823 8370 16 -- -- : 34823 8370 17 bond bond NN 34823 8370 18 - - HYPH 34823 8370 19 holders holder NNS 34823 8370 20 may may MD 34823 8370 21 take take VB 34823 8370 22 their -PRON- PRP$ 34823 8370 23 pay pay NN 34823 8370 24 in in IN 34823 8370 25 new new JJ 34823 8370 26 bonds bond NNS 34823 8370 27 . . . 34823 8371 1 " " `` 34823 8371 2 Conversions Conversions NNPS 34823 8371 3 " " '' 34823 8371 4 of of IN 34823 8371 5 bonds bond NNS 34823 8371 6 into into IN 34823 8371 7 stocks stock NNS 34823 8371 8 , , , 34823 8371 9 or or CC 34823 8371 10 of of IN 34823 8371 11 preferred prefer VBN 34823 8371 12 into into IN 34823 8371 13 common common JJ 34823 8371 14 stock stock NN 34823 8371 15 , , , 34823 8371 16 are be VBP 34823 8371 17 also also RB 34823 8371 18 barter barter NN 34823 8371 19 transactions transaction NNS 34823 8371 20 . . . 34823 8372 1 $ $ $ 34823 8372 2 220,000,000 220,000,000 CD 34823 8372 3 of of IN 34823 8372 4 the the DT 34823 8372 5 $ $ $ 34823 8372 6 420,000,000 420,000,000 CD 34823 8372 7 which which WDT 34823 8372 8 Mr. Mr. NNP 34823 8372 9 Carnegie Carnegie NNP 34823 8372 10 and and CC 34823 8372 11 his -PRON- PRP$ 34823 8372 12 associates associate NNS 34823 8372 13 received receive VBN 34823 8372 14 from from IN 34823 8372 15 the the DT 34823 8372 16 Steel Steel NNP 34823 8372 17 Trust Trust NNP 34823 8372 18 for for IN 34823 8372 19 their -PRON- PRP$ 34823 8372 20 plants plant NNS 34823 8372 21 , , , 34823 8372 22 etc etc FW 34823 8372 23 . . . 34823 8372 24 , , , 34823 8372 25 was be VBD 34823 8372 26 paid pay VBN 34823 8372 27 , , , 34823 8372 28 not not RB 34823 8372 29 with with IN 34823 8372 30 money money NN 34823 8372 31 and and CC 34823 8372 32 checks check NNS 34823 8372 33 , , , 34823 8372 34 but but CC 34823 8372 35 with with IN 34823 8372 36 bonds bond NNS 34823 8372 37 . . . 34823 8373 1 _ _ NNP 34823 8373 2 Vide Vide NNP 34823 8373 3 _ _ NNP 34823 8373 4 Stevens Stevens NNP 34823 8373 5 , , , 34823 8373 6 _ _ NNP 34823 8373 7 Industrial Industrial NNP 34823 8373 8 Combinations Combinations NNPS 34823 8373 9 and and CC 34823 8373 10 Trusts Trusts NNPS 34823 8373 11 _ _ NNP 34823 8373 12 , , , 34823 8373 13 p. p. NN 34823 8373 14 101 101 CD 34823 8373 15 . . . 34823 8374 1 [ [ -LRB- 34823 8374 2 201 201 CD 34823 8374 3 ] ] -RRB- 34823 8374 4 The the DT 34823 8374 5 foregoing foregoing NN 34823 8374 6 had have VBD 34823 8374 7 been be VBN 34823 8374 8 written write VBN 34823 8374 9 before before IN 34823 8374 10 the the DT 34823 8374 11 discussion discussion NN 34823 8374 12 in in IN 34823 8374 13 the the DT 34823 8374 14 _ _ NNP 34823 8374 15 Annalist Annalist NNP 34823 8374 16 _ _ NNP 34823 8374 17 of of IN 34823 8374 18 Feb. February NNP 34823 8374 19 and and CC 34823 8374 20 March March NNP 34823 8374 21 , , , 34823 8374 22 1916 1916 CD 34823 8374 23 ( ( -LRB- 34823 8374 24 pp pp NNP 34823 8374 25 . . . 34823 8375 1 183 183 CD 34823 8375 2 - - SYM 34823 8375 3 184 184 CD 34823 8375 4 , , , 34823 8375 5 245 245 CD 34823 8375 6 - - SYM 34823 8375 7 272 272 CD 34823 8375 8 , , , 34823 8375 9 313 313 CD 34823 8375 10 - - SYM 34823 8375 11 317 317 CD 34823 8375 12 , , , 34823 8375 13 344 344 CD 34823 8375 14 , , , 34823 8375 15 377 377 CD 34823 8375 16 ) ) -RRB- 34823 8375 17 , , , 34823 8375 18 in in IN 34823 8375 19 which which WDT 34823 8375 20 Professor Professor NNP 34823 8375 21 Fisher Fisher NNP 34823 8375 22 and and CC 34823 8375 23 the the DT 34823 8375 24 present present JJ 34823 8375 25 writer writer NN 34823 8375 26 joined join VBD 34823 8375 27 issue issue NN 34823 8375 28 with with IN 34823 8375 29 reference reference NN 34823 8375 30 to to IN 34823 8375 31 Professor Professor NNP 34823 8375 32 Fisher Fisher NNP 34823 8375 33 's 's POS 34823 8375 34 estimate estimate NN 34823 8375 35 , , , 34823 8375 36 387 387 CD 34823 8375 37 billions billion NNS 34823 8375 38 , , , 34823 8375 39 for for IN 34823 8375 40 the the DT 34823 8375 41 volume volume NN 34823 8375 42 of of IN 34823 8375 43 trade trade NN 34823 8375 44 in in IN 34823 8375 45 the the DT 34823 8375 46 United United NNP 34823 8375 47 States States NNP 34823 8375 48 in in IN 34823 8375 49 1909 1909 CD 34823 8375 50 . . . 34823 8376 1 The the DT 34823 8376 2 present present JJ 34823 8376 3 writer writer NN 34823 8376 4 contended contend VBD 34823 8376 5 that that IN 34823 8376 6 the the DT 34823 8376 7 banking banking NN 34823 8376 8 transactions transaction NNS 34823 8376 9 which which WDT 34823 8376 10 Professor Professor NNP 34823 8376 11 Fisher Fisher NNP 34823 8376 12 took take VBD 34823 8376 13 as as IN 34823 8376 14 representative representative NN 34823 8376 15 of of IN 34823 8376 16 trade trade NN 34823 8376 17 greatly greatly RB 34823 8376 18 overcounted overcounte VBD 34823 8376 19 trade trade NN 34823 8376 20 , , , 34823 8376 21 since since IN 34823 8376 22 they -PRON- PRP 34823 8376 23 included include VBD 34823 8376 24 loans loan NNS 34823 8376 25 and and CC 34823 8376 26 repayments repayment NNS 34823 8376 27 , , , 34823 8376 28 taxes taxis NNS 34823 8376 29 , , , 34823 8376 30 several several JJ 34823 8376 31 checks check NNS 34823 8376 32 in in IN 34823 8376 33 one one CD 34823 8376 34 transaction transaction NN 34823 8376 35 , , , 34823 8376 36 gifts gift NNS 34823 8376 37 , , , 34823 8376 38 etc etc FW 34823 8376 39 . . FW 34823 8376 40 , , , 34823 8376 41 etc etc FW 34823 8376 42 . . . 34823 8377 1 Professor Professor NNP 34823 8377 2 Fisher Fisher NNP 34823 8377 3 contended contend VBD 34823 8377 4 that that IN 34823 8377 5 the the DT 34823 8377 6 overcounting overcounting NN 34823 8377 7 was be VBD 34823 8377 8 offset offset VBN 34823 8377 9 by by IN 34823 8377 10 undercounting undercounte VBG 34823 8377 11 , , , 34823 8377 12 and and CC 34823 8377 13 instanced instance VBD 34823 8377 14 particularly particularly RB 34823 8377 15 the the DT 34823 8377 16 clearing clearing NN 34823 8377 17 - - HYPH 34823 8377 18 house house NN 34823 8377 19 arrangements arrangement NNS 34823 8377 20 in in IN 34823 8377 21 the the DT 34823 8377 22 speculative speculative JJ 34823 8377 23 exchanges exchange NNS 34823 8377 24 , , , 34823 8377 25 where where WRB 34823 8377 26 checks check NNS 34823 8377 27 are be VBP 34823 8377 28 in in IN 34823 8377 29 part part NN 34823 8377 30 dispensed dispense VBN 34823 8377 31 with with IN 34823 8377 32 , , , 34823 8377 33 and and CC 34823 8377 34 the the DT 34823 8377 35 offsetting offset VBG 34823 8377 36 in in IN 34823 8377 37 " " `` 34823 8377 38 running running JJ 34823 8377 39 accounts account NNS 34823 8377 40 " " '' 34823 8377 41 through through IN 34823 8377 42 book book NN 34823 8377 43 - - HYPH 34823 8377 44 credit credit NN 34823 8377 45 . . . 34823 8378 1 This this DT 34823 8378 2 indicates indicate VBZ 34823 8378 3 a a DT 34823 8378 4 substantial substantial JJ 34823 8378 5 change change NN 34823 8378 6 in in IN 34823 8378 7 Professor Professor NNP 34823 8378 8 Fisher Fisher NNP 34823 8378 9 's 's POS 34823 8378 10 view view NN 34823 8378 11 as as IN 34823 8378 12 compared compare VBN 34823 8378 13 with with IN 34823 8378 14 that that DT 34823 8378 15 set set VBN 34823 8378 16 forth forth RP 34823 8378 17 in in IN 34823 8378 18 the the DT 34823 8378 19 _ _ NNP 34823 8378 20 Purchasing Purchasing NNP 34823 8378 21 Power Power NNP 34823 8378 22 of of IN 34823 8378 23 Money Money NNP 34823 8378 24 _ _ NNP 34823 8378 25 , , , 34823 8378 26 where where WRB 34823 8378 27 he -PRON- PRP 34823 8378 28 maintains maintain VBZ 34823 8378 29 , , , 34823 8378 30 as as IN 34823 8378 31 shown show VBN 34823 8378 32 above above RB 34823 8378 33 , , , 34823 8378 34 that that DT 34823 8378 35 barter barter NN 34823 8378 36 is be VBZ 34823 8378 37 virtually virtually RB 34823 8378 38 non non JJ 34823 8378 39 - - JJ 34823 8378 40 existent existent JJ 34823 8378 41 , , , 34823 8378 42 that that DT 34823 8378 43 money money NN 34823 8378 44 and and CC 34823 8378 45 checks check NNS 34823 8378 46 are be VBP 34823 8378 47 " " `` 34823 8378 48 for for IN 34823 8378 49 all all DT 34823 8378 50 practical practical JJ 34823 8378 51 purposes purpose NNS 34823 8378 52 and and CC 34823 8378 53 all all DT 34823 8378 54 normal normal JJ 34823 8378 55 cases case NNS 34823 8378 56 , , , 34823 8378 57 " " '' 34823 8378 58 " " `` 34823 8378 59 necessities necessity NNS 34823 8378 60 of of IN 34823 8378 61 modern modern JJ 34823 8378 62 trade trade NN 34823 8378 63 , , , 34823 8378 64 " " '' 34823 8378 65 ( ( -LRB- 34823 8378 66 p. p. NN 34823 8378 67 160 160 CD 34823 8378 68 ) ) -RRB- 34823 8378 69 , , , 34823 8378 70 and and CC 34823 8378 71 that that DT 34823 8378 72 book book NN 34823 8378 73 - - HYPH 34823 8378 74 credit credit NN 34823 8378 75 merely merely RB 34823 8378 76 postpones postpone NNS 34823 8378 77 , , , 34823 8378 78 and and CC 34823 8378 79 does do VBZ 34823 8378 80 not not RB 34823 8378 81 dispense dispense VB 34823 8378 82 with with IN 34823 8378 83 , , , 34823 8378 84 the the DT 34823 8378 85 use use NN 34823 8378 86 of of IN 34823 8378 87 money money NN 34823 8378 88 and and CC 34823 8378 89 checks check NNS 34823 8378 90 ( ( -LRB- 34823 8378 91 p. p. NN 34823 8378 92 370 370 CD 34823 8378 93 ) ) -RRB- 34823 8378 94 . . . 34823 8379 1 The the DT 34823 8379 2 extent extent NN 34823 8379 3 of of IN 34823 8379 4 the the DT 34823 8379 5 offsetting offset VBG 34823 8379 6 by by IN 34823 8379 7 barter barter NN 34823 8379 8 , , , 34823 8379 9 clearing clearing NN 34823 8379 10 - - HYPH 34823 8379 11 houses house NNS 34823 8379 12 in in IN 34823 8379 13 the the DT 34823 8379 14 exchanges exchange NNS 34823 8379 15 , , , 34823 8379 16 and and CC 34823 8379 17 book book NN 34823 8379 18 - - HYPH 34823 8379 19 credit credit NN 34823 8379 20 , , , 34823 8379 21 though though IN 34823 8379 22 very very RB 34823 8379 23 great great JJ 34823 8379 24 , , , 34823 8379 25 is be VBZ 34823 8379 26 quite quite RB 34823 8379 27 small small JJ 34823 8379 28 as as IN 34823 8379 29 compared compare VBN 34823 8379 30 with with IN 34823 8379 31 Professor Professor NNP 34823 8379 32 Fisher Fisher NNP 34823 8379 33 's 's POS 34823 8379 34 387 387 CD 34823 8379 35 billions billion NNS 34823 8379 36 , , , 34823 8379 37 and and CC 34823 8379 38 does do VBZ 34823 8379 39 not not RB 34823 8379 40 nearly nearly RB 34823 8379 41 offset offset VB 34823 8379 42 the the DT 34823 8379 43 overcounting overcounting NN 34823 8379 44 . . . 34823 8380 1 The the DT 34823 8380 2 writer writer NN 34823 8380 3 has have VBZ 34823 8380 4 obtained obtain VBN 34823 8380 5 some some DT 34823 8380 6 fairly fairly RB 34823 8380 7 definite definite JJ 34823 8380 8 data datum NNS 34823 8380 9 on on IN 34823 8380 10 this this DT 34823 8380 11 point point NN 34823 8380 12 , , , 34823 8380 13 which which WDT 34823 8380 14 will will MD 34823 8380 15 be be VB 34823 8380 16 presented present VBN 34823 8380 17 in in IN 34823 8380 18 the the DT 34823 8380 19 chapter chapter NN 34823 8380 20 on on IN 34823 8380 21 " " `` 34823 8380 22 Statistical Statistical NNP 34823 8380 23 Demonstrations Demonstrations NNPS 34823 8380 24 of of IN 34823 8380 25 the the DT 34823 8380 26 Quantity Quantity NNP 34823 8380 27 Theory Theory NNP 34823 8380 28 , , , 34823 8380 29 " " '' 34823 8380 30 in in IN 34823 8380 31 discussing discuss VBG 34823 8380 32 the the DT 34823 8380 33 volume volume NN 34823 8380 34 of of IN 34823 8380 35 trade trade NN 34823 8380 36 . . . 34823 8381 1 [ [ -LRB- 34823 8381 2 202 202 CD 34823 8381 3 ] ] -RRB- 34823 8381 4 _ _ NNP 34823 8381 5 Miscellaneous Miscellaneous NNP 34823 8381 6 Articles Articles NNPS 34823 8381 7 on on IN 34823 8381 8 German German NNP 34823 8381 9 Banking Banking NNP 34823 8381 10 _ _ NNP 34823 8381 11 , , , 34823 8381 12 Report Report NNP 34823 8381 13 of of IN 34823 8381 14 National National NNP 34823 8381 15 Monetary Monetary NNP 34823 8381 16 Commission Commission NNP 34823 8381 17 , , , 34823 8381 18 p. p. NN 34823 8381 19 175 175 CD 34823 8381 20 . . . 34823 8382 1 _ _ NNP 34823 8382 2 Cf Cf NNP 34823 8382 3 . . . 34823 8383 1 infra infra NNP 34823 8383 2 _ _ NNP 34823 8383 3 , , , 34823 8383 4 pp pp NNP 34823 8383 5 . . . 34823 8384 1 288 288 CD 34823 8384 2 - - SYM 34823 8384 3 290 290 CD 34823 8384 4 . . . 34823 8385 1 [ [ -LRB- 34823 8385 2 203 203 CD 34823 8385 3 ] ] -RRB- 34823 8385 4 _ _ NNP 34823 8385 5 Cf Cf NNP 34823 8385 6 . . . 34823 8385 7 _ _ NNP 34823 8385 8 our -PRON- PRP$ 34823 8385 9 chapter chapter NN 34823 8385 10 on on IN 34823 8385 11 " " `` 34823 8385 12 The The NNP 34823 8385 13 Functions Functions NNPS 34823 8385 14 of of IN 34823 8385 15 Money Money NNP 34823 8385 16 , , , 34823 8385 17 " " '' 34823 8385 18 _ _ NNP 34823 8385 19 infra infra NNP 34823 8385 20 _ _ NNP 34823 8385 21 . . . 34823 8386 1 [ [ -LRB- 34823 8386 2 204 204 CD 34823 8386 3 ] ] -RRB- 34823 8386 4 One one CD 34823 8386 5 familiar familiar JJ 34823 8386 6 feature feature NN 34823 8386 7 of of IN 34823 8386 8 corporation corporation NN 34823 8386 9 finance finance NN 34823 8386 10 makes make VBZ 34823 8386 11 barter barter NN 34823 8386 12 much much RB 34823 8386 13 preferable preferable JJ 34823 8386 14 to to IN 34823 8386 15 money money NN 34823 8386 16 transactions transaction NNS 34823 8386 17 , , , 34823 8386 18 in in IN 34823 8386 19 one one CD 34823 8386 20 connection connection NN 34823 8386 21 , , , 34823 8386 22 which which WDT 34823 8386 23 involves involve VBZ 34823 8386 24 very very RB 34823 8386 25 many many JJ 34823 8386 26 corporations corporation NNS 34823 8386 27 indeed indeed RB 34823 8386 28 , , , 34823 8386 29 at at IN 34823 8386 30 their -PRON- PRP$ 34823 8386 31 inception inception NN 34823 8386 32 . . . 34823 8387 1 Stock stock NN 34823 8387 2 , , , 34823 8387 3 in in IN 34823 8387 4 order order NN 34823 8387 5 to to TO 34823 8387 6 be be VB 34823 8387 7 marketable marketable JJ 34823 8387 8 , , , 34823 8387 9 must must MD 34823 8387 10 be be VB 34823 8387 11 " " `` 34823 8387 12 full full RB 34823 8387 13 - - HYPH 34823 8387 14 paid pay VBN 34823 8387 15 and and CC 34823 8387 16 non non JJ 34823 8387 17 - - JJ 34823 8387 18 assessable assessable JJ 34823 8387 19 . . . 34823 8387 20 " " '' 34823 8388 1 If if IN 34823 8388 2 the the DT 34823 8388 3 corporation corporation NN 34823 8388 4 sells sell VBZ 34823 8388 5 its -PRON- PRP$ 34823 8388 6 stock stock NN 34823 8388 7 to to IN 34823 8388 8 the the DT 34823 8388 9 first first JJ 34823 8388 10 stockholders stockholder NNS 34823 8388 11 , , , 34823 8388 12 this this DT 34823 8388 13 means mean VBZ 34823 8388 14 that that DT 34823 8388 15 money money NN 34823 8388 16 must must MD 34823 8388 17 be be VB 34823 8388 18 paid pay VBN 34823 8388 19 for for IN 34823 8388 20 it -PRON- PRP 34823 8388 21 to to IN 34823 8388 22 the the DT 34823 8388 23 full full JJ 34823 8388 24 par par NN 34823 8388 25 value value NN 34823 8388 26 , , , 34823 8388 27 dollar dollar NN 34823 8388 28 for for IN 34823 8388 29 dollar dollar NN 34823 8388 30 . . . 34823 8389 1 This this DT 34823 8389 2 is be VBZ 34823 8389 3 usually usually RB 34823 8389 4 not not RB 34823 8389 5 easy easy JJ 34823 8389 6 . . . 34823 8390 1 An an DT 34823 8390 2 especial especial JJ 34823 8390 3 difficulty difficulty NN 34823 8390 4 would would MD 34823 8390 5 then then RB 34823 8390 6 present present VB 34823 8390 7 itself -PRON- PRP 34823 8390 8 that that IN 34823 8390 9 the the DT 34823 8390 10 promotor promotor NN 34823 8390 11 would would MD 34823 8390 12 have have VB 34823 8390 13 trouble trouble NN 34823 8390 14 in in IN 34823 8390 15 getting get VBG 34823 8390 16 any any DT 34823 8390 17 pay pay NN 34823 8390 18 for for IN 34823 8390 19 his -PRON- PRP$ 34823 8390 20 work work NN 34823 8390 21 . . . 34823 8391 1 ( ( -LRB- 34823 8391 2 Meade Meade NNP 34823 8391 3 , , , 34823 8391 4 _ _ NNP 34823 8391 5 Corporation Corporation NNP 34823 8391 6 Finance Finance NNP 34823 8391 7 _ _ NNP 34823 8391 8 , , , 34823 8391 9 _ _ NNP 34823 8391 10 passim passim NN 34823 8391 11 _ _ NNP 34823 8391 12 ; ; : 34823 8391 13 Sullivan Sullivan NNP 34823 8391 14 , , , 34823 8391 15 _ _ NNP 34823 8391 16 American American NNP 34823 8391 17 Corporations Corporations NNPS 34823 8391 18 _ _ NNP 34823 8391 19 , , , 34823 8391 20 _ _ NNP 34823 8391 21 passim passim NN 34823 8391 22 _ _ NNP 34823 8391 23 . . . 34823 8391 24 ) ) -RRB- 34823 8392 1 If if IN 34823 8392 2 , , , 34823 8392 3 however however RB 34823 8392 4 , , , 34823 8392 5 the the DT 34823 8392 6 stocks stock NNS 34823 8392 7 are be VBP 34823 8392 8 paid pay VBN 34823 8392 9 for for IN 34823 8392 10 in in IN 34823 8392 11 _ _ NNP 34823 8392 12 goods good NNS 34823 8392 13 and and CC 34823 8392 14 services service NNS 34823 8392 15 _ _ NNP 34823 8392 16 , , , 34823 8392 17 the the DT 34823 8392 18 courts court NNS 34823 8392 19 are be VBP 34823 8392 20 much much RB 34823 8392 21 less less RBR 34823 8392 22 exacting exact VBG 34823 8392 23 in in IN 34823 8392 24 looking look VBG 34823 8392 25 to to TO 34823 8392 26 see see VB 34823 8392 27 if if IN 34823 8392 28 full full JJ 34823 8392 29 value value NN 34823 8392 30 has have VBZ 34823 8392 31 been be VBN 34823 8392 32 received receive VBN 34823 8392 33 . . . 34823 8393 1 Barring bar VBG 34823 8393 2 obvious obvious JJ 34823 8393 3 fraud fraud NN 34823 8393 4 , , , 34823 8393 5 the the DT 34823 8393 6 courts court NNS 34823 8393 7 will will MD 34823 8393 8 usually usually RB 34823 8393 9 count count VB 34823 8393 10 the the DT 34823 8393 11 stock stock NN 34823 8393 12 full full JJ 34823 8393 13 paid pay VBN 34823 8393 14 and and CC 34823 8393 15 non non JJ 34823 8393 16 - - JJ 34823 8393 17 assessable assessable JJ 34823 8393 18 even even RB 34823 8393 19 though though IN 34823 8393 20 the the DT 34823 8393 21 value value NN 34823 8393 22 of of IN 34823 8393 23 the the DT 34823 8393 24 goods good NNS 34823 8393 25 and and CC 34823 8393 26 services service NNS 34823 8393 27 received receive VBN 34823 8393 28 is be VBZ 34823 8393 29 not not RB 34823 8393 30 very very RB 34823 8393 31 great great JJ 34823 8393 32 . . . 34823 8394 1 The the DT 34823 8394 2 first first JJ 34823 8394 3 sale sale NN 34823 8394 4 of of IN 34823 8394 5 the the DT 34823 8394 6 stocks stock NNS 34823 8394 7 of of IN 34823 8394 8 a a DT 34823 8394 9 new new JJ 34823 8394 10 corporation corporation NN 34823 8394 11 , , , 34823 8394 12 therefore therefore RB 34823 8394 13 ( ( -LRB- 34823 8394 14 if if IN 34823 8394 15 it -PRON- PRP 34823 8394 16 is be VBZ 34823 8394 17 important important JJ 34823 8394 18 enough enough RB 34823 8394 19 to to TO 34823 8394 20 wish wish VB 34823 8394 21 to to TO 34823 8394 22 have have VB 34823 8394 23 a a DT 34823 8394 24 public public JJ 34823 8394 25 market market NN 34823 8394 26 for for IN 34823 8394 27 its -PRON- PRP$ 34823 8394 28 stocks stock NNS 34823 8394 29 ) ) -RRB- 34823 8394 30 , , , 34823 8394 31 is be VBZ 34823 8394 32 a a DT 34823 8394 33 _ _ NNP 34823 8394 34 barter barter NN 34823 8394 35 _ _ NNP 34823 8394 36 transaction transaction NN 34823 8394 37 , , , 34823 8394 38 as as IN 34823 8394 39 a a DT 34823 8394 40 rule rule NN 34823 8394 41 . . . 34823 8395 1 [ [ -LRB- 34823 8395 2 205 205 CD 34823 8395 3 ] ] -RRB- 34823 8395 4 _ _ NNP 34823 8395 5 Purchasing Purchasing NNP 34823 8395 6 Power Power NNP 34823 8395 7 of of IN 34823 8395 8 Money Money NNP 34823 8395 9 _ _ NNP 34823 8395 10 , , , 34823 8395 11 p. p. NN 34823 8395 12 152 152 CD 34823 8395 13 . . . 34823 8396 1 [ [ -LRB- 34823 8396 2 206 206 CD 34823 8396 3 ] ] -RRB- 34823 8396 4 _ _ NNP 34823 8396 5 Ibid Ibid NNP 34823 8396 6 . . . 34823 8396 7 _ _ NNP 34823 8396 8 , , , 34823 8396 9 pp pp NNP 34823 8396 10 . . . 34823 8397 1 352 352 CD 34823 8397 2 _ _ NNP 34823 8397 3 et et NNP 34823 8397 4 seq seq NN 34823 8397 5 . . . 34823 8397 6 _ _ NNP 34823 8397 7 [ [ -LRB- 34823 8397 8 207 207 CD 34823 8397 9 ] ] -RRB- 34823 8397 10 _ _ NNP 34823 8397 11 Infra Infra NNP 34823 8397 12 _ _ NNP 34823 8397 13 , , , 34823 8397 14 ch ch NN 34823 8397 15 . . . 34823 8398 1 on on IN 34823 8398 2 " " `` 34823 8398 3 Passiveness passiveness NN 34823 8398 4 of of IN 34823 8398 5 Prices price NNS 34823 8398 6 . . . 34823 8398 7 " " '' 34823 8399 1 _ _ NNP 34823 8399 2 Weighted Weighted NNP 34823 8399 3 _ _ NNP 34823 8399 4 averages average NNS 34823 8399 5 of of IN 34823 8399 6 " " `` 34823 8399 7 person person NN 34823 8399 8 - - HYPH 34823 8399 9 turnovers turnover NNS 34823 8399 10 " " '' 34823 8399 11 will will MD 34823 8399 12 not not RB 34823 8399 13 save save VB 34823 8399 14 the the DT 34823 8399 15 situation situation NN 34823 8399 16 here here RB 34823 8399 17 , , , 34823 8399 18 if if IN 34823 8399 19 incomes income NNS 34823 8399 20 stop stop VBP 34823 8399 21 entirely entirely RB 34823 8399 22 , , , 34823 8399 23 since since IN 34823 8399 24 the the DT 34823 8399 25 persons person NNS 34823 8399 26 involved involve VBN 34823 8399 27 then then RB 34823 8399 28 drop drop VB 34823 8399 29 out out RP 34823 8399 30 altogether altogether RB 34823 8399 31 . . . 34823 8400 1 Moreover moreover RB 34823 8400 2 , , , 34823 8400 3 _ _ NNP 34823 8400 4 weighted weight VBD 34823 8400 5 _ _ NNP 34823 8400 6 averages average NNS 34823 8400 7 would would MD 34823 8400 8 clearly clearly RB 34823 8400 9 depend depend VB 34823 8400 10 on on IN 34823 8400 11 _ _ NNP 34823 8400 12 incomes income NNS 34823 8400 13 _ _ NNP 34823 8400 14 , , , 34823 8400 15 and and CC 34823 8400 16 hence hence RB 34823 8400 17 on on IN 34823 8400 18 _ _ NNP 34823 8400 19 prices price NNS 34823 8400 20 _ _ NNP 34823 8400 21 , , , 34823 8400 22 and and CC 34823 8400 23 hence hence RB 34823 8400 24 could could MD 34823 8400 25 not not RB 34823 8400 26 depend depend VB 34823 8400 27 on on IN 34823 8400 28 _ _ NNP 34823 8400 29 habits habit NNS 34823 8400 30 _ _ NNP 34823 8400 31 exclusively exclusively RB 34823 8400 32 , , , 34823 8400 33 or or CC 34823 8400 34 _ _ NNP 34823 8400 35 causally causally RB 34823 8400 36 explain explain VBP 34823 8400 37 _ _ NNP 34823 8400 38 prices price NNS 34823 8400 39 . . . 34823 8401 1 [ [ -LRB- 34823 8401 2 208 208 CD 34823 8401 3 ] ] -RRB- 34823 8401 4 _ _ NNP 34823 8401 5 Loc Loc NNP 34823 8401 6 . . . 34823 8402 1 cit cit NNP 34823 8402 2 . . . 34823 8402 3 _ _ NNP 34823 8402 4 , , , 34823 8402 5 pp pp NNP 34823 8402 6 . . . 34823 8403 1 152 152 CD 34823 8403 2 - - SYM 34823 8403 3 153 153 CD 34823 8403 4 . . . 34823 8404 1 [ [ -LRB- 34823 8404 2 209 209 CD 34823 8404 3 ] ] -RRB- 34823 8404 4 _ _ NNP 34823 8404 5 Ibid Ibid NNP 34823 8404 6 . . . 34823 8404 7 _ _ NNP 34823 8404 8 , , , 34823 8404 9 p. p. NN 34823 8404 10 154 154 CD 34823 8404 11 . . . 34823 8405 1 Italics italic NNS 34823 8405 2 mine -PRON- PRP 34823 8405 3 . . . 34823 8406 1 [ [ -LRB- 34823 8406 2 210 210 CD 34823 8406 3 ] ] -RRB- 34823 8406 4 _ _ NNP 34823 8406 5 Supra Supra NNP 34823 8406 6 _ _ NNP 34823 8406 7 , , , 34823 8406 8 ch ch NN 34823 8406 9 . . . 34823 8407 1 on on IN 34823 8407 2 " " `` 34823 8407 3 Volume Volume NNP 34823 8407 4 of of IN 34823 8407 5 Money money NN 34823 8407 6 and and CC 34823 8407 7 Volume Volume NNP 34823 8407 8 of of IN 34823 8407 9 Credit Credit NNP 34823 8407 10 . . . 34823 8407 11 " " '' 34823 8408 1 _ _ NNP 34823 8408 2 Infra Infra NNP 34823 8408 3 _ _ NNP 34823 8408 4 , , , 34823 8408 5 ch ch NN 34823 8408 6 . . . 34823 8409 1 on on IN 34823 8409 2 " " `` 34823 8409 3 Bank Bank NNP 34823 8409 4 Assets Assets NNPS 34823 8409 5 and and CC 34823 8409 6 Bank Bank NNP 34823 8409 7 Reserves Reserves NNPS 34823 8409 8 . . . 34823 8409 9 " " '' 34823 8410 1 [ [ -LRB- 34823 8410 2 211 211 CD 34823 8410 3 ] ] -RRB- 34823 8410 4 _ _ NNP 34823 8410 5 Cf Cf NNP 34823 8410 6 . . . 34823 8410 7 _ _ NNP 34823 8410 8 Kinley Kinley NNP 34823 8410 9 , , , 34823 8410 10 _ _ NNP 34823 8410 11 Money Money NNP 34823 8410 12 _ _ NNP 34823 8410 13 , , , 34823 8410 14 pp pp NNP 34823 8410 15 . . . 34823 8411 1 145 145 CD 34823 8411 2 and and CC 34823 8411 3 205 205 CD 34823 8411 4 - - SYM 34823 8411 5 206 206 CD 34823 8411 6 , , , 34823 8411 7 for for IN 34823 8411 8 the the DT 34823 8411 9 discussion discussion NN 34823 8411 10 of of IN 34823 8411 11 various various JJ 34823 8411 12 moveable moveable JJ 34823 8411 13 margins margin NNS 34823 8411 14 of of IN 34823 8411 15 this this DT 34823 8411 16 sort sort NN 34823 8411 17 . . . 34823 8412 1 [ [ -LRB- 34823 8412 2 212 212 CD 34823 8412 3 ] ] -RRB- 34823 8412 4 Van Van NNP 34823 8412 5 Hise Hise NNP 34823 8412 6 , , , 34823 8412 7 _ _ NNP 34823 8412 8 Concentration Concentration NNP 34823 8412 9 and and CC 34823 8412 10 Control Control NNP 34823 8412 11 _ _ NNP 34823 8412 12 , , , 34823 8412 13 p. p. NN 34823 8412 14 16 16 CD 34823 8412 15 . . . 34823 8413 1 The the DT 34823 8413 2 tendency tendency NN 34823 8413 3 to to TO 34823 8413 4 accumulate accumulate VB 34823 8413 5 hoards hoard NNS 34823 8413 6 when when WRB 34823 8413 7 money money NN 34823 8413 8 is be VBZ 34823 8413 9 plentiful plentiful JJ 34823 8413 10 is be VBZ 34823 8413 11 notoriously notoriously RB 34823 8413 12 strong strong JJ 34823 8413 13 in in IN 34823 8413 14 countries country NNS 34823 8413 15 like like IN 34823 8413 16 India India NNP 34823 8413 17 . . . 34823 8414 1 [ [ -LRB- 34823 8414 2 213 213 CD 34823 8414 3 ] ] -RRB- 34823 8414 4 _ _ NNP 34823 8414 5 Loc Loc NNP 34823 8414 6 . . . 34823 8415 1 cit cit NNP 34823 8415 2 . . . 34823 8415 3 _ _ NNP 34823 8415 4 , , , 34823 8415 5 pp pp NNP 34823 8415 6 . . . 34823 8416 1 167 167 CD 34823 8416 2 - - SYM 34823 8416 3 168 168 CD 34823 8416 4 . . . 34823 8417 1 [ [ -LRB- 34823 8417 2 214 214 CD 34823 8417 3 ] ] -RRB- 34823 8417 4 _ _ NNP 34823 8417 5 Ibid Ibid NNP 34823 8417 6 . . . 34823 8417 7 _ _ NNP 34823 8417 8 , , , 34823 8417 9 p. p. NN 34823 8417 10 164 164 CD 34823 8417 11 . . . 34823 8418 1 [ [ -LRB- 34823 8418 2 215 215 CD 34823 8418 3 ] ] -RRB- 34823 8418 4 _ _ NNP 34823 8418 5 Cf Cf NNP 34823 8418 6 . . . 34823 8418 7 _ _ NNP 34823 8418 8 Davenport Davenport NNP 34823 8418 9 's 's POS 34823 8418 10 analysis analysis NN 34823 8418 11 of of IN 34823 8418 12 the the DT 34823 8418 13 causes cause NNS 34823 8418 14 governing govern VBG 34823 8418 15 volume volume NN 34823 8418 16 of of IN 34823 8418 17 trade trade NN 34823 8418 18 , , , 34823 8418 19 _ _ NNP 34823 8418 20 Economics Economics NNP 34823 8418 21 of of IN 34823 8418 22 Enterprise Enterprise NNP 34823 8418 23 _ _ NNP 34823 8418 24 , , , 34823 8418 25 p. p. NN 34823 8418 26 272 272 CD 34823 8418 27 . . . 34823 8419 1 [ [ -LRB- 34823 8419 2 216 216 CD 34823 8419 3 ] ] -RRB- 34823 8419 4 _ _ NNP 34823 8419 5 Loc Loc NNP 34823 8419 6 . . . 34823 8420 1 cit cit NNP 34823 8420 2 . . . 34823 8420 3 _ _ NNP 34823 8420 4 , , , 34823 8420 5 p. p. NN 34823 8420 6 110 110 CD 34823 8420 7 . . . 34823 8421 1 [ [ -LRB- 34823 8421 2 217 217 CD 34823 8421 3 ] ] -RRB- 34823 8421 4 Perhaps perhaps RB 34823 8421 5 not not RB 34823 8421 6 quite quite RB 34823 8421 7 correct correct JJ 34823 8421 8 , , , 34823 8421 9 since since IN 34823 8421 10 he -PRON- PRP 34823 8421 11 does do VBZ 34823 8421 12 recognize recognize VB 34823 8421 13 differences difference NNS 34823 8421 14 in in IN 34823 8421 15 degree degree NN 34823 8421 16 as as IN 34823 8421 17 between between IN 34823 8421 18 different different JJ 34823 8421 19 places place NNS 34823 8421 20 , , , 34823 8421 21 though though RB 34823 8421 22 , , , 34823 8421 23 perhaps perhaps RB 34823 8421 24 properly properly RB 34823 8421 25 , , , 34823 8421 26 from from IN 34823 8421 27 the the DT 34823 8421 28 standpoint standpoint NN 34823 8421 29 of of IN 34823 8421 30 his -PRON- PRP$ 34823 8421 31 normal normal JJ 34823 8421 32 theory theory NN 34823 8421 33 , , , 34823 8421 34 saying say VBG 34823 8421 35 nothing nothing NN 34823 8421 36 about about IN 34823 8421 37 differences difference NNS 34823 8421 38 in in IN 34823 8421 39 degree degree NN 34823 8421 40 as as IN 34823 8421 41 between between IN 34823 8421 42 different different JJ 34823 8421 43 times time NNS 34823 8421 44 in in IN 34823 8421 45 the the DT 34823 8421 46 same same JJ 34823 8421 47 place place NN 34823 8421 48 . . . 34823 8422 1 [ [ -LRB- 34823 8422 2 218 218 CD 34823 8422 3 ] ] -RRB- 34823 8422 4 _ _ NNP 34823 8422 5 Cf Cf NNP 34823 8422 6 . . . 34823 8422 7 _ _ NNP 34823 8422 8 also also RB 34823 8422 9 p. p. NN 34823 8422 10 315 315 CD 34823 8422 11 , , , 34823 8422 12 _ _ NNP 34823 8422 13 loc loc NN 34823 8422 14 . . . 34823 8423 1 cit cit NNP 34823 8423 2 . . . 34823 8423 3 _ _ NNP 34823 8423 4 , , , 34823 8423 5 where where WRB 34823 8423 6 this this DT 34823 8423 7 is be VBZ 34823 8423 8 placed place VBN 34823 8423 9 as as IN 34823 8423 10 one one CD 34823 8423 11 of of IN 34823 8423 12 three three CD 34823 8423 13 main main JJ 34823 8423 14 causes cause NNS 34823 8423 15 of of IN 34823 8423 16 the the DT 34823 8423 17 historical historical JJ 34823 8423 18 rise rise NN 34823 8423 19 in in IN 34823 8423 20 prices price NNS 34823 8423 21 . . . 34823 8424 1 [ [ -LRB- 34823 8424 2 219 219 CD 34823 8424 3 ] ] -RRB- 34823 8424 4 That that IN 34823 8424 5 the the DT 34823 8424 6 overwhelming overwhelming JJ 34823 8424 7 bulk bulk NN 34823 8424 8 of of IN 34823 8424 9 trade trade NN 34823 8424 10 is be VBZ 34823 8424 11 in in IN 34823 8424 12 the the DT 34823 8424 13 cities city NNS 34823 8424 14 will will MD 34823 8424 15 appear appear VB 34823 8424 16 in in IN 34823 8424 17 our -PRON- PRP$ 34823 8424 18 chapter chapter NN 34823 8424 19 , , , 34823 8424 20 _ _ NNP 34823 8424 21 infra infra NNP 34823 8424 22 _ _ NNP 34823 8424 23 , , , 34823 8424 24 on on IN 34823 8424 25 " " `` 34823 8424 26 Volume Volume NNP 34823 8424 27 of of IN 34823 8424 28 Money money NN 34823 8424 29 and and CC 34823 8424 30 Volume volume NN 34823 8424 31 of of IN 34823 8424 32 Trades Trades NNPS 34823 8424 33 . . . 34823 8424 34 " " '' 34823 8425 1 [ [ -LRB- 34823 8425 2 220 220 CD 34823 8425 3 ] ] -RRB- 34823 8425 4 On on IN 34823 8425 5 the the DT 34823 8425 6 average average NN 34823 8425 7 , , , 34823 8425 8 in in IN 34823 8425 9 the the DT 34823 8425 10 United United NNP 34823 8425 11 States States NNP 34823 8425 12 , , , 34823 8425 13 the the DT 34823 8425 14 banks bank NNS 34823 8425 15 have have VBP 34823 8425 16 less less JJR 34823 8425 17 money money NN 34823 8425 18 than than IN 34823 8425 19 the the DT 34823 8425 20 people people NNS 34823 8425 21 have have VBP 34823 8425 22 . . . 34823 8426 1 _ _ NNP 34823 8426 2 Vide Vide NNP 34823 8426 3 _ _ NNP 34823 8426 4 Mitchell Mitchell NNP 34823 8426 5 , , , 34823 8426 6 _ _ NNP 34823 8426 7 Business Business NNP 34823 8426 8 Cycles Cycles NNPS 34823 8426 9 _ _ NNP 34823 8426 10 , , , 34823 8426 11 pp pp NNP 34823 8426 12 . . . 34823 8427 1 295 295 CD 34823 8427 2 and and CC 34823 8427 3 298 298 CD 34823 8427 4 . . . 34823 8428 1 [ [ -LRB- 34823 8428 2 221 221 CD 34823 8428 3 ] ] -RRB- 34823 8428 4 Based base VBN 34823 8428 5 on on IN 34823 8428 6 arbitrary arbitrary JJ 34823 8428 7 assumptions assumption NNS 34823 8428 8 as as IN 34823 8428 9 to to IN 34823 8428 10 variability variability NN 34823 8428 11 . . . 34823 8429 1 _ _ NNP 34823 8429 2 Cf Cf NNP 34823 8429 3 . . . 34823 8429 4 _ _ NNP 34823 8429 5 his -PRON- PRP$ 34823 8429 6 p. p. NN 34823 8429 7 477 477 CD 34823 8429 8 . . . 34823 8430 1 _ _ NNP 34823 8430 2 Cf Cf NNP 34823 8430 3 . . . 34823 8430 4 _ _ NNP 34823 8430 5 our -PRON- PRP$ 34823 8430 6 chapter chapter NN 34823 8430 7 , , , 34823 8430 8 _ _ NNP 34823 8430 9 infra infra NNP 34823 8430 10 _ _ NNP 34823 8430 11 , , , 34823 8430 12 on on IN 34823 8430 13 " " `` 34823 8430 14 Statistics statistic NNS 34823 8430 15 of of IN 34823 8430 16 the the DT 34823 8430 17 Quantity Quantity NNP 34823 8430 18 Theory Theory NNP 34823 8430 19 . . . 34823 8430 20 " " '' 34823 8431 1 [ [ -LRB- 34823 8431 2 222 222 CD 34823 8431 3 ] ] -RRB- 34823 8431 4 Other other JJ 34823 8431 5 passages passage NNS 34823 8431 6 might may MD 34823 8431 7 be be VB 34823 8431 8 cited cite VBN 34823 8431 9 to to TO 34823 8431 10 show show VB 34823 8431 11 that that IN 34823 8431 12 Fisher Fisher NNP 34823 8431 13 thinks think VBZ 34823 8431 14 that that IN 34823 8431 15 T t NN 34823 8431 16 and and CC 34823 8431 17 the the DT 34823 8431 18 V V NNP 34823 8431 19 's 's POS 34823 8431 20 are be VBP 34823 8431 21 fundamentally fundamentally RB 34823 8431 22 governed govern VBN 34823 8431 23 by by IN 34823 8431 24 different different JJ 34823 8431 25 causes cause NNS 34823 8431 26 . . . 34823 8432 1 For for IN 34823 8432 2 example example NN 34823 8432 3 , , , 34823 8432 4 he -PRON- PRP 34823 8432 5 says say VBZ 34823 8432 6 " " `` 34823 8432 7 an an DT 34823 8432 8 increased increase VBN 34823 8432 9 trade trade NN 34823 8432 10 in in IN 34823 8432 11 the the DT 34823 8432 12 Southern Southern NNP 34823 8432 13 States States NNP 34823 8432 14 , , , 34823 8432 15 where where WRB 34823 8432 16 the the DT 34823 8432 17 velocity velocity NN 34823 8432 18 of of IN 34823 8432 19 circulation circulation NN 34823 8432 20 of of IN 34823 8432 21 money money NN 34823 8432 22 is be VBZ 34823 8432 23 presumably presumably RB 34823 8432 24 slow slow JJ 34823 8432 25 , , , 34823 8432 26 would would MD 34823 8432 27 tend tend VB 34823 8432 28 to to TO 34823 8432 29 lower lower VB 34823 8432 30 the the DT 34823 8432 31 average average JJ 34823 8432 32 velocity velocity NN 34823 8432 33 in in IN 34823 8432 34 the the DT 34823 8432 35 United United NNP 34823 8432 36 States States NNP 34823 8432 37 , , , 34823 8432 38 simply simply RB 34823 8432 39 by by IN 34823 8432 40 giving give VBG 34823 8432 41 more more JJR 34823 8432 42 weight weight NN 34823 8432 43 to to IN 34823 8432 44 the the DT 34823 8432 45 velocity velocity NN 34823 8432 46 in in IN 34823 8432 47 the the DT 34823 8432 48 slower slow JJR 34823 8432 49 portions portion NNS 34823 8432 50 of of IN 34823 8432 51 the the DT 34823 8432 52 country country NN 34823 8432 53 . . . 34823 8432 54 " " '' 34823 8433 1 _ _ NNP 34823 8433 2 Loc Loc NNP 34823 8433 3 . . . 34823 8434 1 cit cit NNP 34823 8434 2 . . . 34823 8434 3 _ _ NNP 34823 8434 4 , , , 34823 8434 5 p. p. NN 34823 8434 6 166 166 CD 34823 8434 7 . . . 34823 8435 1 [ [ -LRB- 34823 8435 2 223 223 CD 34823 8435 3 ] ] -RRB- 34823 8435 4 _ _ NNP 34823 8435 5 Cf Cf NNP 34823 8435 6 . . . 34823 8435 7 _ _ NNP 34823 8435 8 , , , 34823 8435 9 _ _ NNP 34823 8435 10 infra infra NNP 34823 8435 11 _ _ NNP 34823 8435 12 , , , 34823 8435 13 our -PRON- PRP$ 34823 8435 14 chapter chapter NN 34823 8435 15 on on IN 34823 8435 16 " " `` 34823 8435 17 Statistical Statistical NNP 34823 8435 18 Demonstrations Demonstrations NNPS 34823 8435 19 of of IN 34823 8435 20 the the DT 34823 8435 21 Quantity Quantity NNP 34823 8435 22 Theory Theory NNP 34823 8435 23 . . . 34823 8435 24 " " '' 34823 8436 1 [ [ -LRB- 34823 8436 2 224 224 CD 34823 8436 3 ] ] -RRB- 34823 8436 4 _ _ NNP 34823 8436 5 Common Common NNP 34823 8436 6 Sense Sense NNP 34823 8436 7 of of IN 34823 8436 8 Political Political NNP 34823 8436 9 Economy Economy NNP 34823 8436 10 _ _ NNP 34823 8436 11 , , , 34823 8436 12 p. p. NN 34823 8436 13 623 623 CD 34823 8436 14 . . . 34823 8437 1 [ [ -LRB- 34823 8437 2 225 225 CD 34823 8437 3 ] ] -RRB- 34823 8437 4 _ _ NNP 34823 8437 5 Principles Principles NNP 34823 8437 6 _ _ NNP 34823 8437 7 , , , 34823 8437 8 I -PRON- PRP 34823 8437 9 , , , 34823 8437 10 432 432 CD 34823 8437 11 . . . 34823 8438 1 [ [ -LRB- 34823 8438 2 226 226 CD 34823 8438 3 ] ] -RRB- 34823 8438 4 _ _ NNP 34823 8438 5 Loc Loc NNP 34823 8438 6 . . . 34823 8439 1 cit cit NNP 34823 8439 2 . . . 34823 8439 3 _ _ NNP 34823 8439 4 , , , 34823 8439 5 pp pp NNP 34823 8439 6 . . . 34823 8440 1 432 432 CD 34823 8440 2 , , , 34823 8440 3 438 438 CD 34823 8440 4 - - SYM 34823 8440 5 439 439 CD 34823 8440 6 . . . 34823 8441 1 [ [ -LRB- 34823 8441 2 227 227 CD 34823 8441 3 ] ] -RRB- 34823 8441 4 _ _ NNP 34823 8441 5 Ibid Ibid NNP 34823 8441 6 . . . 34823 8441 7 _ _ NNP 34823 8441 8 , , , 34823 8441 9 p. p. NN 34823 8441 10 439 439 CD 34823 8441 11 . . . 34823 8442 1 _ _ NNP 34823 8442 2 Cf Cf NNP 34823 8442 3 . . . 34823 8442 4 _ _ NNP 34823 8442 5 our -PRON- PRP$ 34823 8442 6 chapter chapter NN 34823 8442 7 , , , 34823 8442 8 _ _ NNP 34823 8442 9 supra supra NNP 34823 8442 10 _ _ NNP 34823 8442 11 , , , 34823 8442 12 on on IN 34823 8442 13 " " `` 34823 8442 14 Volume Volume NNP 34823 8442 15 of of IN 34823 8442 16 Money money NN 34823 8442 17 and and CC 34823 8442 18 Volume Volume NNP 34823 8442 19 of of IN 34823 8442 20 Credit Credit NNP 34823 8442 21 , , , 34823 8442 22 " " '' 34823 8442 23 where where WRB 34823 8442 24 Taussig Taussig NNP 34823 8442 25 's 's POS 34823 8442 26 view view NN 34823 8442 27 as as IN 34823 8442 28 to to IN 34823 8442 29 the the DT 34823 8442 30 relation relation NN 34823 8442 31 of of IN 34823 8442 32 money money NN 34823 8442 33 and and CC 34823 8442 34 bank bank NN 34823 8442 35 - - HYPH 34823 8442 36 credit credit NN 34823 8442 37 is be VBZ 34823 8442 38 analyzed analyze VBN 34823 8442 39 . . . 34823 8443 1 [ [ -LRB- 34823 8443 2 228 228 CD 34823 8443 3 ] ] -RRB- 34823 8443 4 _ _ NNP 34823 8443 5 Loc Loc NNP 34823 8443 6 . . . 34823 8444 1 cit cit NNP 34823 8444 2 . . . 34823 8444 3 _ _ NNP 34823 8444 4 [ [ -LRB- 34823 8444 5 229 229 CD 34823 8444 6 ] ] -RRB- 34823 8444 7 Virtually virtually RB 34823 8444 8 the the DT 34823 8444 9 same same JJ 34823 8444 10 expression expression NN 34823 8444 11 is be VBZ 34823 8444 12 to to TO 34823 8444 13 be be VB 34823 8444 14 found find VBN 34823 8444 15 in in IN 34823 8444 16 Barbour Barbour NNP 34823 8444 17 , , , 34823 8444 18 David David NNP 34823 8444 19 , , , 34823 8444 20 _ _ NNP 34823 8444 21 The the DT 34823 8444 22 Standard Standard NNP 34823 8444 23 of of IN 34823 8444 24 Value Value NNP 34823 8444 25 _ _ NNP 34823 8444 26 , , , 34823 8444 27 London London NNP 34823 8444 28 , , , 34823 8444 29 1912 1912 CD 34823 8444 30 , , , 34823 8444 31 p. p. NN 34823 8444 32 43 43 CD 34823 8444 33 . . . 34823 8445 1 Barbour Barbour NNP 34823 8445 2 denies deny VBZ 34823 8445 3 vigorously vigorously RB 34823 8445 4 that that IN 34823 8445 5 more more JJR 34823 8445 6 money money NN 34823 8445 7 can can MD 34823 8445 8 increase increase VB 34823 8445 9 business business NN 34823 8445 10 , , , 34823 8445 11 since since IN 34823 8445 12 it -PRON- PRP 34823 8445 13 can can MD 34823 8445 14 not not RB 34823 8445 15 increase increase VB 34823 8445 16 the the DT 34823 8445 17 number number NN 34823 8445 18 of of IN 34823 8445 19 laborers laborer NNS 34823 8445 20 , , , 34823 8445 21 or or CC 34823 8445 22 of of IN 34823 8445 23 machines machine NNS 34823 8445 24 , , , 34823 8445 25 or or CC 34823 8445 26 the the DT 34823 8445 27 amount amount NN 34823 8445 28 of of IN 34823 8445 29 food food NN 34823 8445 30 , , , 34823 8445 31 etc etc FW 34823 8445 32 . . . 34823 8446 1 The the DT 34823 8446 2 doctrine doctrine NN 34823 8446 3 that that DT 34823 8446 4 volume volume NN 34823 8446 5 of of IN 34823 8446 6 trade trade NN 34823 8446 7 is be VBZ 34823 8446 8 fixed fix VBN 34823 8446 9 by by IN 34823 8446 10 ( ( -LRB- 34823 8446 11 1 1 LS 34823 8446 12 ) ) -RRB- 34823 8446 13 volume volume NN 34823 8446 14 of of IN 34823 8446 15 products product NNS 34823 8446 16 , , , 34823 8446 17 and and CC 34823 8446 18 ( ( -LRB- 34823 8446 19 2 2 LS 34823 8446 20 ) ) -RRB- 34823 8446 21 degree degree NN 34823 8446 22 of of IN 34823 8446 23 specialization specialization NN 34823 8446 24 of of IN 34823 8446 25 production production NN 34823 8446 26 , , , 34823 8446 27 and and CC 34823 8446 28 hence hence RB 34823 8446 29 is be VBZ 34823 8446 30 independent independent JJ 34823 8446 31 of of IN 34823 8446 32 volume volume NN 34823 8446 33 of of IN 34823 8446 34 money money NN 34823 8446 35 , , , 34823 8446 36 appears appear VBZ 34823 8446 37 in in IN 34823 8446 38 Davenport Davenport NNP 34823 8446 39 , , , 34823 8446 40 _ _ NNP 34823 8446 41 Econ Econ NNP 34823 8446 42 . . . 34823 8447 1 of of IN 34823 8447 2 Enterprise Enterprise NNP 34823 8447 3 _ _ NNP 34823 8447 4 , , , 34823 8447 5 271 271 CD 34823 8447 6 - - SYM 34823 8447 7 273 273 CD 34823 8447 8 . . . 34823 8448 1 [ [ -LRB- 34823 8448 2 230 230 CD 34823 8448 3 ] ] -RRB- 34823 8448 4 In in IN 34823 8448 5 this this DT 34823 8448 6 view view NN 34823 8448 7 , , , 34823 8448 8 Fisher Fisher NNP 34823 8448 9 typifies typify VBZ 34823 8448 10 the the DT 34823 8448 11 general general JJ 34823 8448 12 position position NN 34823 8448 13 of of IN 34823 8448 14 the the DT 34823 8448 15 quantity quantity NN 34823 8448 16 theory theory NN 34823 8448 17 , , , 34823 8448 18 and and CC 34823 8448 19 , , , 34823 8448 20 indeed indeed RB 34823 8448 21 , , , 34823 8448 22 in in IN 34823 8448 23 part part NN 34823 8448 24 even even RB 34823 8448 25 of of IN 34823 8448 26 those those DT 34823 8448 27 who who WP 34823 8448 28 do do VBP 34823 8448 29 not not RB 34823 8448 30 agree agree VB 34823 8448 31 with with IN 34823 8448 32 the the DT 34823 8448 33 quantity quantity NN 34823 8448 34 theory theory NN 34823 8448 35 , , , 34823 8448 36 but but CC 34823 8448 37 who who WP 34823 8448 38 , , , 34823 8448 39 with with IN 34823 8448 40 the the DT 34823 8448 41 quantity quantity NN 34823 8448 42 theorists theorist NNS 34823 8448 43 , , , 34823 8448 44 view view VBP 34823 8448 45 the the DT 34823 8448 46 problems problem NNS 34823 8448 47 of of IN 34823 8448 48 money money NN 34823 8448 49 and and CC 34823 8448 50 banking banking NN 34823 8448 51 as as IN 34823 8448 52 matters matter NNS 34823 8448 53 of of IN 34823 8448 54 static static JJ 34823 8448 55 theory theory NN 34823 8448 56 . . . 34823 8449 1 High high JJ 34823 8449 2 or or CC 34823 8449 3 low low JJ 34823 8449 4 prices price NNS 34823 8449 5 , , , 34823 8449 6 once once IN 34823 8449 7 the the DT 34823 8449 8 transition transition NN 34823 8449 9 is be VBZ 34823 8449 10 made make VBN 34823 8449 11 , , , 34823 8449 12 exhaust exhaust VB 34823 8449 13 the the DT 34823 8449 14 effects effect NNS 34823 8449 15 of of IN 34823 8449 16 increasing increase VBG 34823 8449 17 or or CC 34823 8449 18 decreasing decrease VBG 34823 8449 19 the the DT 34823 8449 20 money money NN 34823 8449 21 supply supply NN 34823 8449 22 . . . 34823 8450 1 During during IN 34823 8450 2 the the DT 34823 8450 3 period period NN 34823 8450 4 of of IN 34823 8450 5 transition transition NN 34823 8450 6 , , , 34823 8450 7 certain certain JJ 34823 8450 8 readjustments readjustment NNS 34823 8450 9 in in IN 34823 8450 10 relations relation NNS 34823 8450 11 between between IN 34823 8450 12 creditors creditor NNS 34823 8450 13 and and CC 34823 8450 14 debtors debtor NNS 34823 8450 15 arise arise VBP 34823 8450 16 , , , 34823 8450 17 which which WDT 34823 8450 18 lead lead VBP 34823 8450 19 to to IN 34823 8450 20 either either CC 34823 8450 21 temporary temporary JJ 34823 8450 22 prosperity prosperity NN 34823 8450 23 or or CC 34823 8450 24 temporary temporary JJ 34823 8450 25 distress distress NN 34823 8450 26 , , , 34823 8450 27 but but CC 34823 8450 28 after after IN 34823 8450 29 the the DT 34823 8450 30 transition transition NN 34823 8450 31 , , , 34823 8450 32 it -PRON- PRP 34823 8450 33 is be VBZ 34823 8450 34 a a DT 34823 8450 35 matter matter NN 34823 8450 36 of of IN 34823 8450 37 indifference indifference NN 34823 8450 38 whether whether IN 34823 8450 39 or or CC 34823 8450 40 not not RB 34823 8450 41 money money NN 34823 8450 42 is be VBZ 34823 8450 43 abundant abundant JJ 34823 8450 44 . . . 34823 8451 1 Though though IN 34823 8451 2 the the DT 34823 8451 3 view view NN 34823 8451 4 is be VBZ 34823 8451 5 , , , 34823 8451 6 logically logically RB 34823 8451 7 , , , 34823 8451 8 an an DT 34823 8451 9 essential essential JJ 34823 8451 10 part part NN 34823 8451 11 of of IN 34823 8451 12 quantity quantity NN 34823 8451 13 theory theory NN 34823 8451 14 reasoning reasoning NN 34823 8451 15 , , , 34823 8451 16 we -PRON- PRP 34823 8451 17 find find VBP 34823 8451 18 much much JJ 34823 8451 19 of of IN 34823 8451 20 it -PRON- PRP 34823 8451 21 vigorously vigorously RB 34823 8451 22 maintained maintain VBN 34823 8451 23 by by IN 34823 8451 24 Laughlin Laughlin NNP 34823 8451 25 , , , 34823 8451 26 _ _ NNP 34823 8451 27 Principles Principles NNPS 34823 8451 28 of of IN 34823 8451 29 Money Money NNP 34823 8451 30 _ _ NNP 34823 8451 31 , , , 34823 8451 32 ch ch NN 34823 8451 33 . . . 34823 8452 1 on on IN 34823 8452 2 " " `` 34823 8452 3 Amount Amount NNP 34823 8452 4 of of IN 34823 8452 5 Money Money NNP 34823 8452 6 Needed need VBN 34823 8452 7 by by IN 34823 8452 8 a a DT 34823 8452 9 Country country NN 34823 8452 10 . . . 34823 8452 11 " " '' 34823 8453 1 Laughlin Laughlin NNP 34823 8453 2 and and CC 34823 8453 3 Fisher Fisher NNP 34823 8453 4 would would MD 34823 8453 5 seem seem VB 34823 8453 6 to to TO 34823 8453 7 be be VB 34823 8453 8 at at IN 34823 8453 9 one one CD 34823 8453 10 in in IN 34823 8453 11 maintaining maintain VBG 34823 8453 12 that that IN 34823 8453 13 the the DT 34823 8453 14 quantity quantity NN 34823 8453 15 of of IN 34823 8453 16 money money NN 34823 8453 17 in in IN 34823 8453 18 a a DT 34823 8453 19 country country NN 34823 8453 20 is be VBZ 34823 8453 21 a a DT 34823 8453 22 matter matter NN 34823 8453 23 of of IN 34823 8453 24 indifference indifference NN 34823 8453 25 , , , 34823 8453 26 and and CC 34823 8453 27 from from IN 34823 8453 28 the the DT 34823 8453 29 views view NNS 34823 8453 30 of of IN 34823 8453 31 both both DT 34823 8453 32 would would MD 34823 8453 33 follow follow VB 34823 8453 34 a a DT 34823 8453 35 condemnation condemnation NN 34823 8453 36 of of IN 34823 8453 37 the the DT 34823 8453 38 idea idea NN 34823 8453 39 that that IN 34823 8453 40 any any DT 34823 8453 41 long long JJ 34823 8453 42 run run NN 34823 8453 43 consequences consequence NNS 34823 8453 44 for for IN 34823 8453 45 volume volume NN 34823 8453 46 of of IN 34823 8453 47 trade trade NN 34823 8453 48 , , , 34823 8453 49 efficiency efficiency NN 34823 8453 50 of of IN 34823 8453 51 production production NN 34823 8453 52 , , , 34823 8453 53 etc etc FW 34823 8453 54 . . . 34823 8453 55 , , , 34823 8453 56 could could MD 34823 8453 57 follow follow VB 34823 8453 58 from from IN 34823 8453 59 increasing increase VBG 34823 8453 60 or or CC 34823 8453 61 decreasing decrease VBG 34823 8453 62 the the DT 34823 8453 63 volume volume NN 34823 8453 64 of of IN 34823 8453 65 money money NN 34823 8453 66 . . . 34823 8454 1 It -PRON- PRP 34823 8454 2 may may MD 34823 8454 3 be be VB 34823 8454 4 just just RB 34823 8454 5 as as RB 34823 8454 6 well well RB 34823 8454 7 here here RB 34823 8454 8 to to TO 34823 8454 9 indicate indicate VB 34823 8454 10 the the DT 34823 8454 11 conviction conviction NN 34823 8454 12 of of IN 34823 8454 13 the the DT 34823 8454 14 present present JJ 34823 8454 15 writer writer NN 34823 8454 16 that that WDT 34823 8454 17 the the DT 34823 8454 18 relation relation NN 34823 8454 19 between between IN 34823 8454 20 the the DT 34823 8454 21 quantity quantity NN 34823 8454 22 theory theory NN 34823 8454 23 and and CC 34823 8454 24 the the DT 34823 8454 25 bimetallic bimetallic JJ 34823 8454 26 movement movement NN 34823 8454 27 is be VBZ 34823 8454 28 historical historical JJ 34823 8454 29 rather rather RB 34823 8454 30 than than IN 34823 8454 31 logical logical JJ 34823 8454 32 . . . 34823 8455 1 Indeed indeed RB 34823 8455 2 , , , 34823 8455 3 in in IN 34823 8455 4 laying lay VBG 34823 8455 5 the the DT 34823 8455 6 stress stress NN 34823 8455 7 they -PRON- PRP 34823 8455 8 did do VBD 34823 8455 9 on on IN 34823 8455 10 the the DT 34823 8455 11 importance importance NN 34823 8455 12 of of IN 34823 8455 13 an an DT 34823 8455 14 inadequate inadequate JJ 34823 8455 15 stock stock NN 34823 8455 16 of of IN 34823 8455 17 money money NN 34823 8455 18 in in IN 34823 8455 19 accounting account VBG 34823 8455 20 for for IN 34823 8455 21 the the DT 34823 8455 22 depression depression NN 34823 8455 23 of of IN 34823 8455 24 the the DT 34823 8455 25 latter latter JJ 34823 8455 26 part part NN 34823 8455 27 of of IN 34823 8455 28 the the DT 34823 8455 29 19th 19th JJ 34823 8455 30 Century Century NNP 34823 8455 31 , , , 34823 8455 32 the the DT 34823 8455 33 bimetallists bimetallist NNS 34823 8455 34 were be VBD 34823 8455 35 out out IN 34823 8455 36 of of IN 34823 8455 37 harmony harmony NN 34823 8455 38 with with IN 34823 8455 39 the the DT 34823 8455 40 quantity quantity NN 34823 8455 41 theory theory NN 34823 8455 42 . . . 34823 8456 1 [ [ -LRB- 34823 8456 2 231 231 CD 34823 8456 3 ] ] -RRB- 34823 8456 4 P. P. NNP 34823 8456 5 50 50 CD 34823 8456 6 . . . 34823 8457 1 [ [ -LRB- 34823 8457 2 232 232 CD 34823 8457 3 ] ] -RRB- 34823 8457 4 Pp Pp NNP 34823 8457 5 . . . 34823 8458 1 358 358 CD 34823 8458 2 - - SYM 34823 8458 3 372 372 CD 34823 8458 4 , , , 34823 8458 5 vol vol NNP 34823 8458 6 . . . 34823 8459 1 I. I. NNP 34823 8460 1 [ [ -LRB- 34823 8460 2 233 233 CD 34823 8460 3 ] ] -RRB- 34823 8460 4 _ _ NNP 34823 8460 5 Loc Loc NNP 34823 8460 6 . . . 34823 8461 1 cit cit NNP 34823 8461 2 . . . 34823 8461 3 _ _ NNP 34823 8461 4 , , , 34823 8461 5 p. p. NN 34823 8461 6 160 160 CD 34823 8461 7 . . . 34823 8462 1 _ _ NNP 34823 8462 2 Cf Cf NNP 34823 8462 3 . . . 34823 8462 4 _ _ NNP 34823 8462 5 our -PRON- PRP$ 34823 8462 6 chapter chapter NN 34823 8462 7 on on IN 34823 8462 8 " " `` 34823 8462 9 Barter Barter NNP 34823 8462 10 . . . 34823 8462 11 " " '' 34823 8463 1 [ [ -LRB- 34823 8463 2 234 234 CD 34823 8463 3 ] ] -RRB- 34823 8463 4 The the DT 34823 8463 5 fact fact NN 34823 8463 6 that that IN 34823 8463 7 prices price NNS 34823 8463 8 are be VBP 34823 8463 9 often often RB 34823 8463 10 high high JJ 34823 8463 11 in in IN 34823 8463 12 gold gold NN 34823 8463 13 mining mining NN 34823 8463 14 regions region NNS 34823 8463 15 , , , 34823 8463 16 as as IN 34823 8463 17 compared compare VBN 34823 8463 18 with with IN 34823 8463 19 prices price NNS 34823 8463 20 in in IN 34823 8463 21 the the DT 34823 8463 22 general general JJ 34823 8463 23 world world NN 34823 8463 24 markets market NNS 34823 8463 25 , , , 34823 8463 26 has have VBZ 34823 8463 27 been be VBN 34823 8463 28 taken take VBN 34823 8463 29 by by IN 34823 8463 30 many many JJ 34823 8463 31 writers writer NNS 34823 8463 32 as as IN 34823 8463 33 proof proof NN 34823 8463 34 of of IN 34823 8463 35 the the DT 34823 8463 36 quantity quantity NN 34823 8463 37 theory theory NN 34823 8463 38 . . . 34823 8464 1 _ _ NNP 34823 8464 2 Cf Cf NNP 34823 8464 3 . . . 34823 8464 4 _ _ NNP 34823 8464 5 Kemmerer Kemmerer NNP 34823 8464 6 , , , 34823 8464 7 _ _ NNP 34823 8464 8 Money Money NNP 34823 8464 9 and and CC 34823 8464 10 Credit Credit NNP 34823 8464 11 Instruments Instruments NNPS 34823 8464 12 _ _ NNP 34823 8464 13 , , , 34823 8464 14 pp pp NNP 34823 8464 15 . . . 34823 8465 1 50 50 CD 34823 8465 2 - - SYM 34823 8465 3 51 51 CD 34823 8465 4 , , , 34823 8465 5 58 58 CD 34823 8465 6 ; ; : 34823 8465 7 Cairnes Cairnes NNPS 34823 8465 8 , , , 34823 8465 9 J. J. NNP 34823 8465 10 E. E. NNP 34823 8465 11 , , , 34823 8465 12 _ _ NNP 34823 8465 13 Essays Essays NNP 34823 8465 14 in in IN 34823 8465 15 Political Political NNP 34823 8465 16 Economy Economy NNP 34823 8465 17 _ _ NNP 34823 8465 18 , , , 34823 8465 19 particularly particularly RB 34823 8465 20 the the DT 34823 8465 21 discussion discussion NN 34823 8465 22 of of IN 34823 8465 23 the the DT 34823 8465 24 Australian australian JJ 34823 8465 25 episode episode NN 34823 8465 26 . . . 34823 8466 1 It -PRON- PRP 34823 8466 2 seems seem VBZ 34823 8466 3 to to IN 34823 8466 4 me -PRON- PRP 34823 8466 5 that that IN 34823 8466 6 this this DT 34823 8466 7 is be VBZ 34823 8466 8 particularly particularly RB 34823 8466 9 inconclusive inconclusive JJ 34823 8466 10 . . . 34823 8467 1 High high JJ 34823 8467 2 prices price NNS 34823 8467 3 characterize characterize VBP 34823 8467 4 remote remote JJ 34823 8467 5 mining mining NN 34823 8467 6 regions region NNS 34823 8467 7 of of IN 34823 8467 8 all all DT 34823 8467 9 kinds kind NNS 34823 8467 10 , , , 34823 8467 11 whether whether IN 34823 8467 12 gold gold NN 34823 8467 13 , , , 34823 8467 14 silver silver NN 34823 8467 15 , , , 34823 8467 16 copper copper NN 34823 8467 17 , , , 34823 8467 18 diamonds diamond NNS 34823 8467 19 , , , 34823 8467 20 tin tin NN 34823 8467 21 or or CC 34823 8467 22 what what WP 34823 8467 23 not not RB 34823 8467 24 be be VB 34823 8467 25 the the DT 34823 8467 26 quest quest NN 34823 8467 27 . . . 34823 8468 1 Prices price NNS 34823 8468 2 are be VBP 34823 8468 3 not not RB 34823 8468 4 lower low JJR 34823 8468 5 in in IN 34823 8468 6 the the DT 34823 8468 7 tin tin NN 34823 8468 8 and and CC 34823 8468 9 copper copper NN 34823 8468 10 region region NN 34823 8468 11 in in IN 34823 8468 12 the the DT 34823 8468 13 northern northern JJ 34823 8468 14 part part NN 34823 8468 15 of of IN 34823 8468 16 the the DT 34823 8468 17 Seward Seward NNP 34823 8468 18 Peninsula Peninsula NNP 34823 8468 19 in in IN 34823 8468 20 Alaska Alaska NNP 34823 8468 21 than than IN 34823 8468 22 they -PRON- PRP 34823 8468 23 are be VBP 34823 8468 24 in in IN 34823 8468 25 the the DT 34823 8468 26 gold gold NN 34823 8468 27 region region NN 34823 8468 28 about about IN 34823 8468 29 Nome Nome NNP 34823 8468 30 in in IN 34823 8468 31 the the DT 34823 8468 32 southern southern JJ 34823 8468 33 part part NN 34823 8468 34 of of IN 34823 8468 35 that that DT 34823 8468 36 peninsula peninsula NN 34823 8468 37 . . . 34823 8469 1 They -PRON- PRP 34823 8469 2 are be VBP 34823 8469 3 high high JJ 34823 8469 4 in in IN 34823 8469 5 both both DT 34823 8469 6 places place NNS 34823 8469 7 , , , 34823 8469 8 not not RB 34823 8469 9 because because IN 34823 8469 10 of of IN 34823 8469 11 the the DT 34823 8469 12 abundance abundance NN 34823 8469 13 of of IN 34823 8469 14 gold gold NN 34823 8469 15 or or CC 34823 8469 16 of of IN 34823 8469 17 money money NN 34823 8469 18 , , , 34823 8469 19 but but CC 34823 8469 20 because because IN 34823 8469 21 of of IN 34823 8469 22 the the DT 34823 8469 23 great great JJ 34823 8469 24 value value NN 34823 8469 25 of of IN 34823 8469 26 goods good NNS 34823 8469 27 , , , 34823 8469 28 which which WDT 34823 8469 29 have have VBP 34823 8469 30 to to TO 34823 8469 31 be be VB 34823 8469 32 brought bring VBN 34823 8469 33 with with IN 34823 8469 34 great great JJ 34823 8469 35 trouble trouble NN 34823 8469 36 and and CC 34823 8469 37 expense expense NN 34823 8469 38 from from IN 34823 8469 39 the the DT 34823 8469 40 United United NNP 34823 8469 41 States States NNP 34823 8469 42 . . . 34823 8470 1 They -PRON- PRP 34823 8470 2 are be VBP 34823 8470 3 higher high JJR 34823 8470 4 in in IN 34823 8470 5 the the DT 34823 8470 6 region region NN 34823 8470 7 of of IN 34823 8470 8 the the DT 34823 8470 9 Saw Saw NNP 34823 8470 10 Tooth Tooth NNP 34823 8470 11 Mountains Mountains NNPS 34823 8470 12 , , , 34823 8470 13 in in IN 34823 8470 14 the the DT 34823 8470 15 centre centre NN 34823 8470 16 of of IN 34823 8470 17 this this DT 34823 8470 18 peninsula peninsula NN 34823 8470 19 , , , 34823 8470 20 where where WRB 34823 8470 21 hydro hydro NNP 34823 8470 22 - - HYPH 34823 8470 23 electric electric NNP 34823 8470 24 power power NN 34823 8470 25 for for IN 34823 8470 26 the the DT 34823 8470 27 use use NN 34823 8470 28 of of IN 34823 8470 29 the the DT 34823 8470 30 gold gold NN 34823 8470 31 miners miner NNS 34823 8470 32 about about IN 34823 8470 33 Nome Nome NNP 34823 8470 34 , , , 34823 8470 35 and and CC 34823 8470 36 for for IN 34823 8470 37 the the DT 34823 8470 38 copper copper NN 34823 8470 39 and and CC 34823 8470 40 tin tin NN 34823 8470 41 mines mine NNS 34823 8470 42 further further RB 34823 8470 43 north north NN 34823 8470 44 , , , 34823 8470 45 is be VBZ 34823 8470 46 being be VBG 34823 8470 47 developed develop VBN 34823 8470 48 , , , 34823 8470 49 than than IN 34823 8470 50 they -PRON- PRP 34823 8470 51 are be VBP 34823 8470 52 at at IN 34823 8470 53 Nome Nome NNP 34823 8470 54 itself -PRON- PRP 34823 8470 55 , , , 34823 8470 56 on on IN 34823 8470 57 the the DT 34823 8470 58 coast coast NN 34823 8470 59 , , , 34823 8470 60 where where WRB 34823 8470 61 the the DT 34823 8470 62 gold gold NN 34823 8470 63 is be VBZ 34823 8470 64 being be VBG 34823 8470 65 mined mine VBN 34823 8470 66 . . . 34823 8471 1 They -PRON- PRP 34823 8471 2 were be VBD 34823 8471 3 high high JJ 34823 8471 4 in in IN 34823 8471 5 Australia Australia NNP 34823 8471 6 because because IN 34823 8471 7 the the DT 34823 8471 8 discovery discovery NN 34823 8471 9 of of IN 34823 8471 10 gold gold NN 34823 8471 11 led lead VBN 34823 8471 12 everybody everybody NN 34823 8471 13 to to TO 34823 8471 14 abandon abandon VB 34823 8471 15 everything everything NN 34823 8471 16 but but CC 34823 8471 17 gold gold NN 34823 8471 18 mining mining NN 34823 8471 19 , , , 34823 8471 20 and and CC 34823 8471 21 to to TO 34823 8471 22 bring bring VB 34823 8471 23 in in RP 34823 8471 24 virtually virtually RB 34823 8471 25 everything everything NN 34823 8471 26 from from IN 34823 8471 27 a a DT 34823 8471 28 distance distance NN 34823 8471 29 . . . 34823 8472 1 Wooden wooden JJ 34823 8472 2 beams beam NNS 34823 8472 3 were be VBD 34823 8472 4 imported import VBN 34823 8472 5 to to IN 34823 8472 6 Australia Australia NNP 34823 8472 7 from from IN 34823 8472 8 Sweden Sweden NNP 34823 8472 9 ! ! . 34823 8473 1 ( ( -LRB- 34823 8473 2 Pierson Pierson NNP 34823 8473 3 , , , 34823 8473 4 N. N. NNP 34823 8473 5 G. G. NNP 34823 8473 6 , , , 34823 8473 7 _ _ NNP 34823 8473 8 Principles Principles NNPS 34823 8473 9 of of IN 34823 8473 10 Economics Economics NNP 34823 8473 11 _ _ NNP 34823 8473 12 , , , 34823 8473 13 I -PRON- PRP 34823 8473 14 , , , 34823 8473 15 p. p. NN 34823 8474 1 389 389 CD 34823 8474 2 . . . 34823 8474 3 ) ) -RRB- 34823 8475 1 One one PRP 34823 8475 2 would would MD 34823 8475 3 expect expect VB 34823 8475 4 prices price NNS 34823 8475 5 in in IN 34823 8475 6 gold gold JJ 34823 8475 7 money money NN 34823 8475 8 to to TO 34823 8475 9 be be VB 34823 8475 10 higher high JJR 34823 8475 11 in in IN 34823 8475 12 a a DT 34823 8475 13 silver silver NN 34823 8475 14 or or CC 34823 8475 15 copper copper NN 34823 8475 16 mining mining NN 34823 8475 17 region region NN 34823 8475 18 , , , 34823 8475 19 which which WDT 34823 8475 20 is be VBZ 34823 8475 21 prospering prosper VBG 34823 8475 22 , , , 34823 8475 23 than than IN 34823 8475 24 in in IN 34823 8475 25 a a DT 34823 8475 26 gold gold NN 34823 8475 27 mining mining NN 34823 8475 28 region region NN 34823 8475 29 , , , 34823 8475 30 equally equally RB 34823 8475 31 remote remote JJ 34823 8475 32 , , , 34823 8475 33 where where WRB 34823 8475 34 a a DT 34823 8475 35 great great JJ 34823 8475 36 deal deal NN 34823 8475 37 of of IN 34823 8475 38 gold gold NN 34823 8475 39 is be VBZ 34823 8475 40 being be VBG 34823 8475 41 mined mine VBN 34823 8475 42 , , , 34823 8475 43 but but CC 34823 8475 44 at at IN 34823 8475 45 a a DT 34823 8475 46 cost cost NN 34823 8475 47 too too RB 34823 8475 48 great great JJ 34823 8475 49 to to TO 34823 8475 50 make make VB 34823 8475 51 the the DT 34823 8475 52 region region NN 34823 8475 53 prosperous prosperous JJ 34823 8475 54 . . . 34823 8476 1 [ [ -LRB- 34823 8476 2 235 235 CD 34823 8476 3 ] ] -RRB- 34823 8476 4 _ _ NNP 34823 8476 5 Loc Loc NNP 34823 8476 6 . . . 34823 8477 1 cit cit NNP 34823 8477 2 . . . 34823 8477 3 _ _ NNP 34823 8477 4 , , , 34823 8477 5 p. p. NN 34823 8477 6 51 51 CD 34823 8477 7 . . . 34823 8478 1 [ [ -LRB- 34823 8478 2 236 236 CD 34823 8478 3 ] ] -RRB- 34823 8478 4 _ _ NNP 34823 8478 5 Meaning Meaning NNP 34823 8478 6 of of IN 34823 8478 7 Money Money NNP 34823 8478 8 _ _ NNP 34823 8478 9 , , , 34823 8478 10 p. p. NN 34823 8478 11 18 18 CD 34823 8478 12 . . . 34823 8479 1 [ [ -LRB- 34823 8479 2 237 237 CD 34823 8479 3 ] ] -RRB- 34823 8479 4 Price Price NNP 34823 8479 5 's 's POS 34823 8479 6 address address NN 34823 8479 7 before before IN 34823 8479 8 Western Western NNP 34823 8479 9 Econ Econ NNP 34823 8479 10 . . . 34823 8480 1 Asso'n Asso'n NNP 34823 8480 2 , , , 34823 8480 3 Nov. November NNP 34823 8480 4 26 26 CD 34823 8480 5 , , , 34823 8480 6 1915 1915 CD 34823 8480 7 ; ; : 34823 8480 8 Holt Holt NNP 34823 8480 9 's 's POS 34823 8480 10 letter letter NN 34823 8480 11 ; ; : 34823 8480 12 Dec. December NNP 34823 8480 13 2 2 CD 34823 8480 14 . . . 34823 8481 1 [ [ -LRB- 34823 8481 2 238 238 CD 34823 8481 3 ] ] -RRB- 34823 8481 4 _ _ NNP 34823 8481 5 Loc Loc NNP 34823 8481 6 . . . 34823 8482 1 cit cit NNP 34823 8482 2 . . . 34823 8482 3 _ _ NNP 34823 8482 4 , , , 34823 8482 5 p. p. NN 34823 8482 6 172 172 CD 34823 8482 7 . . . 34823 8483 1 [ [ -LRB- 34823 8483 2 239 239 CD 34823 8483 3 ] ] -RRB- 34823 8483 4 See see VB 34823 8483 5 our -PRON- PRP$ 34823 8483 6 discussion discussion NN 34823 8483 7 of of IN 34823 8483 8 " " `` 34823 8483 9 money money NN 34823 8483 10 rates rate NNS 34823 8483 11 " " '' 34823 8483 12 and and CC 34823 8483 13 " " `` 34823 8483 14 interest interest NN 34823 8483 15 rates rate NNS 34823 8483 16 , , , 34823 8483 17 " " '' 34823 8483 18 _ _ NNP 34823 8483 19 supra supra NNP 34823 8483 20 _ _ NNP 34823 8483 21 , , , 34823 8483 22 in in IN 34823 8483 23 the the DT 34823 8483 24 chapter chapter NN 34823 8483 25 on on IN 34823 8483 26 " " `` 34823 8483 27 Capitalization Capitalization NNP 34823 8483 28 , , , 34823 8483 29 " " '' 34823 8483 30 and and CC 34823 8483 31 _ _ NNP 34823 8483 32 infra infra NNP 34823 8483 33 _ _ NNP 34823 8483 34 , , , 34823 8483 35 in in IN 34823 8483 36 the the DT 34823 8483 37 chapters chapter NNS 34823 8483 38 on on IN 34823 8483 39 " " `` 34823 8483 40 The The NNP 34823 8483 41 Functions Functions NNPS 34823 8483 42 of of IN 34823 8483 43 Money Money NNP 34823 8483 44 , , , 34823 8483 45 " " '' 34823 8483 46 and and CC 34823 8483 47 on on IN 34823 8483 48 " " `` 34823 8483 49 Credit Credit NNP 34823 8483 50 . . . 34823 8483 51 " " '' 34823 8484 1 [ [ -LRB- 34823 8484 2 240 240 CD 34823 8484 3 ] ] -RRB- 34823 8484 4 _ _ NNP 34823 8484 5 Infra Infra NNP 34823 8484 6 _ _ NNP 34823 8484 7 , , , 34823 8484 8 chapter chapter NN 34823 8484 9 on on IN 34823 8484 10 " " `` 34823 8484 11 Functions Functions NNPS 34823 8484 12 of of IN 34823 8484 13 Money money NN 34823 8484 14 , , , 34823 8484 15 " " '' 34823 8484 16 and and CC 34823 8484 17 _ _ NNP 34823 8484 18 supra supra NNP 34823 8484 19 _ _ NNP 34823 8484 20 , , , 34823 8484 21 chapters chapter NNS 34823 8484 22 on on IN 34823 8484 23 " " `` 34823 8484 24 Capitalization Capitalization NNP 34823 8484 25 " " '' 34823 8484 26 and and CC 34823 8484 27 " " `` 34823 8484 28 Dodo Dodo NNP 34823 8484 29 - - HYPH 34823 8484 30 Bones bone NNS 34823 8484 31 . . . 34823 8484 32 " " '' 34823 8485 1 [ [ -LRB- 34823 8485 2 241 241 CD 34823 8485 3 ] ] -RRB- 34823 8485 4 _ _ NNP 34823 8485 5 Cf Cf NNP 34823 8485 6 . . . 34823 8485 7 _ _ NNP 34823 8485 8 our -PRON- PRP$ 34823 8485 9 chapters chapter NNS 34823 8485 10 on on IN 34823 8485 11 " " `` 34823 8485 12 Supply supply NN 34823 8485 13 and and CC 34823 8485 14 Demand demand NN 34823 8485 15 , , , 34823 8485 16 " " '' 34823 8485 17 and and CC 34823 8485 18 " " `` 34823 8485 19 The the DT 34823 8485 20 Origin Origin NNP 34823 8485 21 of of IN 34823 8485 22 Money money NN 34823 8485 23 . . . 34823 8485 24 " " '' 34823 8486 1 [ [ -LRB- 34823 8486 2 242 242 CD 34823 8486 3 ] ] -RRB- 34823 8486 4 New New NNP 34823 8486 5 York York NNP 34823 8486 6 City City NNP 34823 8486 7 can can MD 34823 8486 8 always always RB 34823 8486 9 use use VB 34823 8486 10 idle idle JJ 34823 8486 11 funds fund NNS 34823 8486 12 , , , 34823 8486 13 " " '' 34823 8486 14 at at IN 34823 8486 15 a a DT 34823 8486 16 price price NN 34823 8486 17 . . . 34823 8486 18 " " '' 34823 8487 1 [ [ -LRB- 34823 8487 2 243 243 CD 34823 8487 3 ] ] -RRB- 34823 8487 4 Kemmerer Kemmerer NNP 34823 8487 5 , , , 34823 8487 6 as as RB 34823 8487 7 well well RB 34823 8487 8 as as IN 34823 8487 9 Fisher Fisher NNP 34823 8487 10 , , , 34823 8487 11 allows allow VBZ 34823 8487 12 physical physical JJ 34823 8487 13 production production NN 34823 8487 14 and and CC 34823 8487 15 consumption consumption NN 34823 8487 16 to to TO 34823 8487 17 dominate dominate VB 34823 8487 18 his -PRON- PRP$ 34823 8487 19 " " `` 34823 8487 20 index index NN 34823 8487 21 " " '' 34823 8487 22 of of IN 34823 8487 23 trade trade NN 34823 8487 24 variation variation NN 34823 8487 25 . . . 34823 8488 1 _ _ NNP 34823 8488 2 Loc Loc NNP 34823 8488 3 . . . 34823 8489 1 cit cit NNP 34823 8489 2 . . . 34823 8489 3 _ _ NNP 34823 8489 4 , , , 34823 8489 5 pp pp NNP 34823 8489 6 . . . 34823 8490 1 130 130 CD 34823 8490 2 - - SYM 34823 8490 3 131 131 CD 34823 8490 4 ; ; : 34823 8490 5 Fisher Fisher NNP 34823 8490 6 , , , 34823 8490 7 _ _ NNP 34823 8490 8 loc loc NN 34823 8490 9 . . . 34823 8491 1 cit cit NNP 34823 8491 2 . . . 34823 8491 3 _ _ NNP 34823 8491 4 , , , 34823 8491 5 p. p. NN 34823 8491 6 479 479 CD 34823 8491 7 . . . 34823 8492 1 _ _ NNP 34823 8492 2 Cf Cf NNP 34823 8492 3 . . . 34823 8492 4 _ _ NNP 34823 8492 5 our -PRON- PRP$ 34823 8492 6 discussion discussion NN 34823 8492 7 of of IN 34823 8492 8 their -PRON- PRP$ 34823 8492 9 statistics statistic NNS 34823 8492 10 , , , 34823 8492 11 _ _ NNP 34823 8492 12 infra infra NNP 34823 8492 13 _ _ NNP 34823 8492 14 . . . 34823 8493 1 [ [ -LRB- 34823 8493 2 244 244 CD 34823 8493 3 ] ] -RRB- 34823 8493 4 This this DT 34823 8493 5 confusion confusion NN 34823 8493 6 of of IN 34823 8493 7 volume volume NN 34823 8493 8 of of IN 34823 8493 9 trade trade NN 34823 8493 10 and and CC 34823 8493 11 volume volume NN 34823 8493 12 of of IN 34823 8493 13 production production NN 34823 8493 14 is be VBZ 34823 8493 15 a a DT 34823 8493 16 companion companion NN 34823 8493 17 of of IN 34823 8493 18 the the DT 34823 8493 19 confusion confusion NN 34823 8493 20 discussed discuss VBN 34823 8493 21 on on IN 34823 8493 22 p. p. NN 34823 8493 23 307 307 CD 34823 8493 24 , , , 34823 8493 25 _ _ NNP 34823 8493 26 infra infra NNP 34823 8493 27 _ _ NNP 34823 8493 28 , , , 34823 8493 29 of of IN 34823 8493 30 quantity quantity NN 34823 8493 31 of of IN 34823 8493 32 money money NN 34823 8493 33 with with IN 34823 8493 34 volume volume NN 34823 8493 35 of of IN 34823 8493 36 money-_income money-_income JJ 34823 8493 37 _ _ NNP 34823 8493 38 . . . 34823 8494 1 The the DT 34823 8494 2 two two CD 34823 8494 3 confusions confusion NNS 34823 8494 4 , , , 34823 8494 5 found find VBN 34823 8494 6 in in IN 34823 8494 7 virtually virtually RB 34823 8494 8 all all DT 34823 8494 9 expositions exposition NNS 34823 8494 10 of of IN 34823 8494 11 the the DT 34823 8494 12 quantity quantity NN 34823 8494 13 theory theory NN 34823 8494 14 , , , 34823 8494 15 give give VB 34823 8494 16 it -PRON- PRP 34823 8494 17 most most JJS 34823 8494 18 of of IN 34823 8494 19 its -PRON- PRP$ 34823 8494 20 plausibility plausibility NN 34823 8494 21 . . . 34823 8495 1 [ [ -LRB- 34823 8495 2 245 245 CD 34823 8495 3 ] ] -RRB- 34823 8495 4 _ _ NNP 34823 8495 5 Loc Loc NNP 34823 8495 6 . . . 34823 8496 1 cit cit NNP 34823 8496 2 . . . 34823 8496 3 _ _ NNP 34823 8496 4 , , , 34823 8496 5 ch ch NN 34823 8496 6 . . . 34823 8497 1 12 12 CD 34823 8497 2 , , , 34823 8497 3 and and CC 34823 8497 4 appendix appendix NNP 34823 8497 5 to to IN 34823 8497 6 ch ch NNP 34823 8497 7 . . . 34823 8498 1 12 12 CD 34823 8498 2 . . . 34823 8499 1 [ [ -LRB- 34823 8499 2 246 246 CD 34823 8499 3 ] ] -RRB- 34823 8499 4 _ _ NNP 34823 8499 5 Supra Supra NNP 34823 8499 6 _ _ NNP 34823 8499 7 , , , 34823 8499 8 ch ch NN 34823 8499 9 . . . 34823 8500 1 on on IN 34823 8500 2 " " `` 34823 8500 3 Equation Equation NNP 34823 8500 4 of of IN 34823 8500 5 Exchange Exchange NNP 34823 8500 6 . . . 34823 8500 7 " " '' 34823 8501 1 [ [ -LRB- 34823 8501 2 247 247 CD 34823 8501 3 ] ] -RRB- 34823 8501 4 In in IN 34823 8501 5 a a DT 34823 8501 6 letter letter NN 34823 8501 7 to to IN 34823 8501 8 the the DT 34823 8501 9 writer writer NN 34823 8501 10 , , , 34823 8501 11 Professor Professor NNP 34823 8501 12 Fisher Fisher NNP 34823 8501 13 states state VBZ 34823 8501 14 that that IN 34823 8501 15 the the DT 34823 8501 16 figures figure NNS 34823 8501 17 for for IN 34823 8501 18 the the DT 34823 8501 19 physical physical JJ 34823 8501 20 receipts receipt NNS 34823 8501 21 at at IN 34823 8501 22 the the DT 34823 8501 23 cities city NNS 34823 8501 24 , , , 34823 8501 25 which which WDT 34823 8501 26 dominate dominate VBP 34823 8501 27 his -PRON- PRP$ 34823 8501 28 index index NN 34823 8501 29 for for IN 34823 8501 30 T T NNP 34823 8501 31 , , , 34823 8501 32 have have VBP 34823 8501 33 not not RB 34823 8501 34 been be VBN 34823 8501 35 available available JJ 34823 8501 36 for for IN 34823 8501 37 recent recent JJ 34823 8501 38 years year NNS 34823 8501 39 , , , 34823 8501 40 and and CC 34823 8501 41 that that IN 34823 8501 42 since since IN 34823 8501 43 they -PRON- PRP 34823 8501 44 were be VBD 34823 8501 45 discontinued discontinue VBN 34823 8501 46 , , , 34823 8501 47 he -PRON- PRP 34823 8501 48 has have VBZ 34823 8501 49 relied rely VBN 34823 8501 50 chiefly chiefly RB 34823 8501 51 on on IN 34823 8501 52 the the DT 34823 8501 53 indirect indirect JJ 34823 8501 54 calculation calculation NN 34823 8501 55 of of IN 34823 8501 56 T T NNP 34823 8501 57 _ _ NNP 34823 8501 58 via via IN 34823 8501 59 _ _ NNP 34823 8501 60 the the DT 34823 8501 61 other other JJ 34823 8501 62 factors factor NNS 34823 8501 63 in in IN 34823 8501 64 the the DT 34823 8501 65 equation equation NN 34823 8501 66 . . . 34823 8502 1 These these DT 34823 8502 2 figures figure NNS 34823 8502 3 were be VBD 34823 8502 4 discontinued discontinue VBN 34823 8502 5 in in IN 34823 8502 6 1912 1912 CD 34823 8502 7 . . . 34823 8503 1 In in IN 34823 8503 2 the the DT 34823 8503 3 _ _ NNP 34823 8503 4 American American NNP 34823 8503 5 Economic Economic NNP 34823 8503 6 Review Review NNP 34823 8503 7 _ _ NNP 34823 8503 8 for for IN 34823 8503 9 June June NNP 34823 8503 10 , , , 34823 8503 11 1916 1916 CD 34823 8503 12 ( ( -LRB- 34823 8503 13 p. p. NN 34823 8503 14 457 457 CD 34823 8503 15 , , , 34823 8503 16 n. n. NNP 34823 8503 17 ) ) -RRB- 34823 8503 18 Professor Professor NNP 34823 8503 19 Fisher Fisher NNP 34823 8503 20 states state VBZ 34823 8503 21 that that IN 34823 8503 22 the the DT 34823 8503 23 indirect indirect JJ 34823 8503 24 calculation calculation NN 34823 8503 25 of of IN 34823 8503 26 T T NNP 34823 8503 27 has have VBZ 34823 8503 28 always always RB 34823 8503 29 had have VBN 34823 8503 30 more more JJR 34823 8503 31 weight weight NN 34823 8503 32 in in IN 34823 8503 33 his -PRON- PRP$ 34823 8503 34 figures figure NNS 34823 8503 35 than than IN 34823 8503 36 the the DT 34823 8503 37 direct direct JJ 34823 8503 38 calculation calculation NN 34823 8503 39 . . . 34823 8504 1 This this DT 34823 8504 2 would would MD 34823 8504 3 serve serve VB 34823 8504 4 in in IN 34823 8504 5 some some DT 34823 8504 6 degree degree NN 34823 8504 7 to to TO 34823 8504 8 lessen lessen VB 34823 8504 9 the the DT 34823 8504 10 errors error NNS 34823 8504 11 of of IN 34823 8504 12 his -PRON- PRP$ 34823 8504 13 index index NN 34823 8504 14 of of IN 34823 8504 15 variation variation NN 34823 8504 16 . . . 34823 8505 1 The the DT 34823 8505 2 extent extent NN 34823 8505 3 to to TO 34823 8505 4 which which WDT 34823 8505 5 he -PRON- PRP 34823 8505 6 has have VBZ 34823 8505 7 allowed allow VBN 34823 8505 8 his -PRON- PRP$ 34823 8505 9 T t NN 34823 8505 10 as as RB 34823 8505 11 directly directly RB 34823 8505 12 calculated calculate VBN 34823 8505 13 on on IN 34823 8505 14 the the DT 34823 8505 15 basis basis NN 34823 8505 16 of of IN 34823 8505 17 the the DT 34823 8505 18 index index NN 34823 8505 19 to to TO 34823 8505 20 be be VB 34823 8505 21 modified modify VBN 34823 8505 22 by by IN 34823 8505 23 the the DT 34823 8505 24 indirect indirect JJ 34823 8505 25 calculation calculation NN 34823 8505 26 , , , 34823 8505 27 is be VBZ 34823 8505 28 indicated indicate VBN 34823 8505 29 on on IN 34823 8505 30 p. p. NN 34823 8505 31 302 302 CD 34823 8505 32 of of IN 34823 8505 33 the the DT 34823 8505 34 _ _ NNP 34823 8505 35 Purchasing Purchasing NNP 34823 8505 36 Power Power NNP 34823 8505 37 of of IN 34823 8505 38 Money Money NNP 34823 8505 39 _ _ NNP 34823 8505 40 , , , 34823 8505 41 as as IN 34823 8505 42 follows follow VBZ 34823 8505 43 : : : 34823 8505 44 " " `` 34823 8505 45 The the DT 34823 8505 46 alterations alteration NNS 34823 8505 47 in in IN 34823 8505 48 T T NNP 34823 8505 49 , , , 34823 8505 50 as as IN 34823 8505 51 shown show VBN 34823 8505 52 in in IN 34823 8505 53 Figure Figure NNP 34823 8505 54 16 16 CD 34823 8505 55 , , , 34823 8505 56 though though IN 34823 8505 57 still still RB 34823 8505 58 greater great JJR 34823 8505 59 than than IN 34823 8505 60 the the DT 34823 8505 61 preceding preceding NN 34823 8505 62 , , , 34823 8505 63 are be VBP 34823 8505 64 nevertheless nevertheless RB 34823 8505 65 so so RB 34823 8505 66 small small JJ 34823 8505 67 and and CC 34823 8505 68 uniform uniform JJ 34823 8505 69 as as IN 34823 8505 70 to to TO 34823 8505 71 preserve preserve VB 34823 8505 72 an an DT 34823 8505 73 almost almost RB 34823 8505 74 perfect perfect JJ 34823 8505 75 parallelism parallelism NN 34823 8505 76 between between IN 34823 8505 77 the the DT 34823 8505 78 original original JJ 34823 8505 79 and and CC 34823 8505 80 the the DT 34823 8505 81 altered altered JJ 34823 8505 82 curve curve NN 34823 8505 83 . . . 34823 8506 1 The the DT 34823 8506 2 differences difference NNS 34823 8506 3 rarely rarely RB 34823 8506 4 exceed exceed VBP 34823 8506 5 10 10 CD 34823 8506 6 % % NN 34823 8506 7 . . . 34823 8506 8 " " '' 34823 8507 1 Even even RB 34823 8507 2 an an DT 34823 8507 3 indirect indirect JJ 34823 8507 4 calculation calculation NN 34823 8507 5 of of IN 34823 8507 6 T T NNP 34823 8507 7 , , , 34823 8507 8 however however RB 34823 8507 9 , , , 34823 8507 10 would would MD 34823 8507 11 not not RB 34823 8507 12 avoid avoid VB 34823 8507 13 the the DT 34823 8507 14 criticisms criticism NNS 34823 8507 15 here here RB 34823 8507 16 urged urge VBD 34823 8507 17 , , , 34823 8507 18 since since IN 34823 8507 19 the the DT 34823 8507 20 other other JJ 34823 8507 21 factors factor NNS 34823 8507 22 , , , 34823 8507 23 MV MV NNP 34823 8507 24 , , , 34823 8507 25 M´V M´V NNP 34823 8507 26 ´ ´ CD 34823 8507 27 , , , 34823 8507 28 and and CC 34823 8507 29 P p NN 34823 8507 30 are be VBP 34823 8507 31 all all RB 34823 8507 32 , , , 34823 8507 33 as as IN 34823 8507 34 we -PRON- PRP 34823 8507 35 shall shall MD 34823 8507 36 see see VB 34823 8507 37 in in IN 34823 8507 38 the the DT 34823 8507 39 chapter chapter NN 34823 8507 40 on on IN 34823 8507 41 " " `` 34823 8507 42 Statistical Statistical NNP 34823 8507 43 Demonstrations Demonstrations NNPS 34823 8507 44 of of IN 34823 8507 45 the the DT 34823 8507 46 Quantity Quantity NNP 34823 8507 47 Theory Theory NNP 34823 8507 48 , , , 34823 8507 49 " " '' 34823 8507 50 calculated calculate VBN 34823 8507 51 by by IN 34823 8507 52 methods method NNS 34823 8507 53 which which WDT 34823 8507 54 give give VBP 34823 8507 55 very very RB 34823 8507 56 excessive excessive JJ 34823 8507 57 weight weight NN 34823 8507 58 to to TO 34823 8507 59 trade trade NN 34823 8507 60 outside outside IN 34823 8507 61 New New NNP 34823 8507 62 York York NNP 34823 8507 63 City City NNP 34823 8507 64 and and CC 34823 8507 65 to to IN 34823 8507 66 non non JJ 34823 8507 67 - - JJ 34823 8507 68 speculative speculative JJ 34823 8507 69 transactions transaction NNS 34823 8507 70 . . . 34823 8508 1 [ [ -LRB- 34823 8508 2 248 248 CD 34823 8508 3 ] ] -RRB- 34823 8508 4 _ _ NNP 34823 8508 5 Loc Loc NNP 34823 8508 6 . . . 34823 8509 1 cit cit NNP 34823 8509 2 . . . 34823 8509 3 _ _ NNP 34823 8509 4 , , , 34823 8509 5 p. p. NN 34823 8509 6 485 485 CD 34823 8509 7 . . . 34823 8510 1 [ [ -LRB- 34823 8510 2 249 249 CD 34823 8510 3 ] ] -RRB- 34823 8510 4 _ _ NNP 34823 8510 5 The the DT 34823 8510 6 Use Use NNP 34823 8510 7 of of IN 34823 8510 8 Credit Credit NNP 34823 8510 9 Instruments Instruments NNPS 34823 8510 10 in in IN 34823 8510 11 Payments Payments NNP 34823 8510 12 _ _ NNP 34823 8510 13 , , , 34823 8510 14 Senate Senate NNP 34823 8510 15 Document Document NNP 34823 8510 16 No no UH 34823 8510 17 . . . 34823 8511 1 399 399 CD 34823 8511 2 , , , 34823 8511 3 61st 61st JJ 34823 8511 4 Congress Congress NNP 34823 8511 5 , , , 34823 8511 6 2nd 2nd JJ 34823 8511 7 Session Session NNP 34823 8511 8 . . . 34823 8512 1 [ [ -LRB- 34823 8512 2 250 250 CD 34823 8512 3 ] ] -RRB- 34823 8512 4 This this DT 34823 8512 5 brief brief JJ 34823 8512 6 account account NN 34823 8512 7 will will MD 34823 8512 8 be be VB 34823 8512 9 amplified amplify VBN 34823 8512 10 for for IN 34823 8512 11 critical critical JJ 34823 8512 12 discussion discussion NN 34823 8512 13 in in IN 34823 8512 14 the the DT 34823 8512 15 statistical statistical JJ 34823 8512 16 chapter chapter NN 34823 8512 17 below below RB 34823 8512 18 . . . 34823 8513 1 Fisher fisher NN 34823 8513 2 in in IN 34823 8513 3 fact fact NN 34823 8513 4 calculated calculate VBN 34823 8513 5 MV MV NNP 34823 8513 6 and and CC 34823 8513 7 M´V M´V NNP 34823 8513 8 ´ ´ CD 34823 8513 9 separately separately RB 34823 8513 10 . . . 34823 8514 1 The the DT 34823 8514 2 account account NN 34823 8514 3 above above IN 34823 8514 4 given give VBN 34823 8514 5 is be VBZ 34823 8514 6 strictly strictly RB 34823 8514 7 accurate accurate JJ 34823 8514 8 only only RB 34823 8514 9 for for IN 34823 8514 10 that that DT 34823 8514 11 part part NN 34823 8514 12 of of IN 34823 8514 13 T T NNP 34823 8514 14 , , , 34823 8514 15 353 353 CD 34823 8514 16 billions billion NNS 34823 8514 17 , , , 34823 8514 18 which which WDT 34823 8514 19 is be VBZ 34823 8514 20 carried carry VBN 34823 8514 21 on on RP 34823 8514 22 by by IN 34823 8514 23 means mean NNS 34823 8514 24 of of IN 34823 8514 25 checks check NNS 34823 8514 26 . . . 34823 8515 1 The the DT 34823 8515 2 calculation calculation NN 34823 8515 3 of of IN 34823 8515 4 MV MV NNP 34823 8515 5 , , , 34823 8515 6 however however RB 34823 8515 7 , , , 34823 8515 8 is be VBZ 34823 8515 9 also also RB 34823 8515 10 based base VBN 34823 8515 11 on on IN 34823 8515 12 Kinley Kinley NNP 34823 8515 13 's 's POS 34823 8515 14 figures figure NNS 34823 8515 15 . . . 34823 8516 1 My -PRON- PRP$ 34823 8516 2 account account NN 34823 8516 3 here here RB 34823 8516 4 is be VBZ 34823 8516 5 adequate adequate JJ 34823 8516 6 for for IN 34823 8516 7 the the DT 34823 8516 8 question question NN 34823 8516 9 at at IN 34823 8516 10 issue issue NN 34823 8516 11 , , , 34823 8516 12 which which WDT 34823 8516 13 is be VBZ 34823 8516 14 , , , 34823 8516 15 not not RB 34823 8516 16 as as IN 34823 8516 17 to to IN 34823 8516 18 the the DT 34823 8516 19 absolute absolute JJ 34823 8516 20 magnitude magnitude NN 34823 8516 21 of of IN 34823 8516 22 trade trade NN 34823 8516 23 , , , 34823 8516 24 but but CC 34823 8516 25 rather rather RB 34823 8516 26 , , , 34823 8516 27 as as IN 34823 8516 28 to to IN 34823 8516 29 the the DT 34823 8516 30 _ _ NNP 34823 8516 31 proportions proportion NNS 34823 8516 32 _ _ NNP 34823 8516 33 of of IN 34823 8516 34 speculation speculation NN 34823 8516 35 and and CC 34823 8516 36 other other JJ 34823 8516 37 elements element NNS 34823 8516 38 in in IN 34823 8516 39 trade trade NN 34823 8516 40 . . . 34823 8517 1 [ [ -LRB- 34823 8517 2 251 251 CD 34823 8517 3 ] ] -RRB- 34823 8517 4 The the DT 34823 8517 5 substance substance NN 34823 8517 6 of of IN 34823 8517 7 the the DT 34823 8517 8 argument argument NN 34823 8517 9 here here RB 34823 8517 10 presented present VBN 34823 8517 11 first first RB 34823 8517 12 appeared appear VBD 34823 8517 13 in in IN 34823 8517 14 articles article NNS 34823 8517 15 in in IN 34823 8517 16 the the DT 34823 8517 17 _ _ NNP 34823 8517 18 Annalist Annalist NNP 34823 8517 19 _ _ NNP 34823 8517 20 , , , 34823 8517 21 to to TO 34823 8517 22 which which WDT 34823 8517 23 I -PRON- PRP 34823 8517 24 am be VBP 34823 8517 25 indebted indebted JJ 34823 8517 26 for for IN 34823 8517 27 permission permission NN 34823 8517 28 to to TO 34823 8517 29 use use VB 34823 8517 30 it -PRON- PRP 34823 8517 31 here here RB 34823 8517 32 . . . 34823 8518 1 See see VB 34823 8518 2 the the DT 34823 8518 3 numbers number NNS 34823 8518 4 of of IN 34823 8518 5 Feb. February NNP 34823 8518 6 7 7 CD 34823 8518 7 , , , 34823 8518 8 March March NNP 34823 8518 9 6 6 CD 34823 8518 10 , , , 34823 8518 11 and and CC 34823 8518 12 March March NNP 34823 8518 13 20 20 CD 34823 8518 14 , , , 34823 8518 15 1916 1916 CD 34823 8518 16 . . . 34823 8519 1 Professor Professor NNP 34823 8519 2 Fisher Fisher NNP 34823 8519 3 's 's POS 34823 8519 4 replies reply NNS 34823 8519 5 , , , 34823 8519 6 directed direct VBD 34823 8519 7 wholly wholly RB 34823 8519 8 against against IN 34823 8519 9 the the DT 34823 8519 10 charge charge NN 34823 8519 11 of of IN 34823 8519 12 double double JJ 34823 8519 13 counting counting NN 34823 8519 14 , , , 34823 8519 15 appeared appear VBD 34823 8519 16 in in IN 34823 8519 17 the the DT 34823 8519 18 _ _ NNP 34823 8519 19 Annalist Annalist NNP 34823 8519 20 _ _ NNP 34823 8519 21 of of IN 34823 8519 22 Feb. February NNP 34823 8519 23 21 21 CD 34823 8519 24 and and CC 34823 8519 25 March March NNP 34823 8519 26 13 13 CD 34823 8519 27 , , , 34823 8519 28 1916 1916 CD 34823 8519 29 . . . 34823 8520 1 Professor Professor NNP 34823 8520 2 Fisher Fisher NNP 34823 8520 3 does do VBZ 34823 8520 4 not not RB 34823 8520 5 question question VB 34823 8520 6 my -PRON- PRP$ 34823 8520 7 contention contention NN 34823 8520 8 that that IN 34823 8520 9 speculation speculation NN 34823 8520 10 makes make VBZ 34823 8520 11 up up RP 34823 8520 12 the the DT 34823 8520 13 overwhelming overwhelming JJ 34823 8520 14 bulk bulk NN 34823 8520 15 of of IN 34823 8520 16 trade trade NN 34823 8520 17 , , , 34823 8520 18 in in IN 34823 8520 19 these these DT 34823 8520 20 replies reply NNS 34823 8520 21 . . . 34823 8521 1 He -PRON- PRP 34823 8521 2 rather rather RB 34823 8521 3 seeks seek VBZ 34823 8521 4 to to TO 34823 8521 5 meet meet VB 34823 8521 6 the the DT 34823 8521 7 charge charge NN 34823 8521 8 of of IN 34823 8521 9 overcounting overcounting NN 34823 8521 10 by by IN 34823 8521 11 holding hold VBG 34823 8521 12 that that DT 34823 8521 13 bank bank NN 34823 8521 14 - - HYPH 34823 8521 15 transactions transaction NNS 34823 8521 16 do do VBP 34823 8521 17 not not RB 34823 8521 18 fully fully RB 34823 8521 19 count count VB 34823 8521 20 speculation speculation NN 34823 8521 21 ! ! . 34823 8522 1 This this DT 34823 8522 2 he -PRON- PRP 34823 8522 3 thinks think VBZ 34823 8522 4 particularly particularly RB 34823 8522 5 true true JJ 34823 8522 6 of of IN 34823 8522 7 stock stock NN 34823 8522 8 exchange exchange NN 34823 8522 9 transactions transaction NNS 34823 8522 10 . . . 34823 8523 1 _ _ NNP 34823 8523 2 Cf Cf NNP 34823 8523 3 . . . 34823 8523 4 _ _ NNP 34823 8523 5 his -PRON- PRP$ 34823 8523 6 article article NN 34823 8523 7 of of IN 34823 8523 8 Feb. February NNP 34823 8523 9 21 21 CD 34823 8523 10 , , , 34823 8523 11 1916 1916 CD 34823 8523 12 . . . 34823 8524 1 [ [ -LRB- 34823 8524 2 252 252 CD 34823 8524 3 ] ] -RRB- 34823 8524 4 The the DT 34823 8524 5 Census Census NNP 34823 8524 6 Bureau Bureau NNP 34823 8524 7 figures figure NNS 34823 8524 8 have have VBP 34823 8524 9 been be VBN 34823 8524 10 subject subject JJ 34823 8524 11 to to IN 34823 8524 12 a a DT 34823 8524 13 good good JJ 34823 8524 14 deal deal NN 34823 8524 15 of of IN 34823 8524 16 criticism criticism NN 34823 8524 17 , , , 34823 8524 18 and and CC 34823 8524 19 I -PRON- PRP 34823 8524 20 therefore therefore RB 34823 8524 21 refrain refrain VBP 34823 8524 22 from from IN 34823 8524 23 trying try VBG 34823 8524 24 to to TO 34823 8524 25 draw draw VB 34823 8524 26 precise precise JJ 34823 8524 27 conclusions conclusion NNS 34823 8524 28 from from IN 34823 8524 29 them -PRON- PRP 34823 8524 30 . . . 34823 8525 1 [ [ -LRB- 34823 8525 2 253 253 CD 34823 8525 3 ] ] -RRB- 34823 8525 4 The the DT 34823 8525 5 figures figure NNS 34823 8525 6 showing show VBG 34823 8525 7 the the DT 34823 8525 8 number number NN 34823 8525 9 of of IN 34823 8525 10 banks bank NNS 34823 8525 11 reporting report VBG 34823 8525 12 from from IN 34823 8525 13 each each DT 34823 8525 14 State state NN 34823 8525 15 , , , 34823 8525 16 together together RB 34823 8525 17 with with IN 34823 8525 18 the the DT 34823 8525 19 number number NN 34823 8525 20 of of IN 34823 8525 21 reports report NNS 34823 8525 22 rejected reject VBN 34823 8525 23 , , , 34823 8525 24 will will MD 34823 8525 25 be be VB 34823 8525 26 found find VBN 34823 8525 27 on on IN 34823 8525 28 pp pp NNP 34823 8525 29 . . . 34823 8526 1 47 47 CD 34823 8526 2 - - SYM 34823 8526 3 49 49 CD 34823 8526 4 of of IN 34823 8526 5 his -PRON- PRP$ 34823 8526 6 monograph monograph NN 34823 8526 7 . . . 34823 8527 1 The the DT 34823 8527 2 figures figure NNS 34823 8527 3 above above RB 34823 8527 4 are be VBP 34823 8527 5 combinations combination NNS 34823 8527 6 of of IN 34823 8527 7 figures figure NNS 34823 8527 8 from from IN 34823 8527 9 his -PRON- PRP$ 34823 8527 10 various various JJ 34823 8527 11 tables table NNS 34823 8527 12 . . . 34823 8528 1 These these DT 34823 8528 2 tables table NNS 34823 8528 3 are be VBP 34823 8528 4 so so RB 34823 8528 5 carefully carefully RB 34823 8528 6 indexed indexed JJ 34823 8528 7 in in IN 34823 8528 8 Dean Dean NNP 34823 8528 9 Kinley Kinley NNP 34823 8528 10 's 's POS 34823 8528 11 monograph monograph NN 34823 8528 12 that that IN 34823 8528 13 detailed detail VBD 34823 8528 14 page page NN 34823 8528 15 references reference NNS 34823 8528 16 are be VBP 34823 8528 17 unnecessary unnecessary JJ 34823 8528 18 here here RB 34823 8528 19 . . . 34823 8529 1 [ [ -LRB- 34823 8529 2 254 254 CD 34823 8529 3 ] ] -RRB- 34823 8529 4 _ _ NNP 34823 8529 5 Cf Cf NNP 34823 8529 6 . . . 34823 8529 7 _ _ NNP 34823 8529 8 our -PRON- PRP$ 34823 8529 9 discussion discussion NN 34823 8529 10 of of IN 34823 8529 11 this this DT 34823 8529 12 topic topic NN 34823 8529 13 in in IN 34823 8529 14 the the DT 34823 8529 15 statistical statistical JJ 34823 8529 16 chapter chapter NN 34823 8529 17 , , , 34823 8529 18 _ _ NNP 34823 8529 19 infra infra NNP 34823 8529 20 _ _ NNP 34823 8529 21 . . . 34823 8530 1 [ [ -LRB- 34823 8530 2 255 255 CD 34823 8530 3 ] ] -RRB- 34823 8530 4 _ _ NNP 34823 8530 5 Loc Loc NNP 34823 8530 6 . . . 34823 8531 1 cit cit NNP 34823 8531 2 . . . 34823 8531 3 _ _ NNP 34823 8531 4 , , , 34823 8531 5 pp pp NNP 34823 8531 6 . . . 34823 8532 1 153 153 CD 34823 8532 2 - - SYM 34823 8532 3 154 154 CD 34823 8532 4 . . . 34823 8533 1 [ [ -LRB- 34823 8533 2 256 256 CD 34823 8533 3 ] ] -RRB- 34823 8533 4 _ _ NNP 34823 8533 5 Discussions Discussions NNPS 34823 8533 6 in in IN 34823 8533 7 Economics Economics NNP 34823 8533 8 and and CC 34823 8533 9 Statistics Statistics NNPS 34823 8533 10 _ _ NNP 34823 8533 11 , , , 34823 8533 12 I -PRON- PRP 34823 8533 13 , , , 34823 8533 14 204 204 CD 34823 8533 15 . . . 34823 8534 1 Quoted quote VBN 34823 8534 2 by by IN 34823 8534 3 Kinley Kinley NNP 34823 8534 4 , , , 34823 8534 5 _ _ NNP 34823 8534 6 loc loc NNP 34823 8534 7 . . . 34823 8535 1 cit cit NNP 34823 8535 2 . . . 34823 8535 3 _ _ NNP 34823 8535 4 , , , 34823 8535 5 152 152 CD 34823 8535 6 . . . 34823 8536 1 [ [ -LRB- 34823 8536 2 257 257 CD 34823 8536 3 ] ] -RRB- 34823 8536 4 The the DT 34823 8536 5 coefficient coefficient NN 34823 8536 6 of of IN 34823 8536 7 correlation correlation NN 34823 8536 8 has have VBZ 34823 8536 9 been be VBN 34823 8536 10 developed develop VBN 34823 8536 11 by by IN 34823 8536 12 the the DT 34823 8536 13 biologists biologist NNS 34823 8536 14 , , , 34823 8536 15 chiefly chiefly RB 34823 8536 16 Karl Karl NNP 34823 8536 17 Pearson Pearson NNP 34823 8536 18 , , , 34823 8536 19 but but CC 34823 8536 20 has have VBZ 34823 8536 21 been be VBN 34823 8536 22 applied apply VBN 34823 8536 23 to to IN 34823 8536 24 problems problem NNS 34823 8536 25 in in IN 34823 8536 26 many many JJ 34823 8536 27 fields field NNS 34823 8536 28 , , , 34823 8536 29 especially especially RB 34823 8536 30 economics economic NNS 34823 8536 31 , , , 34823 8536 32 sociology sociology NN 34823 8536 33 , , , 34823 8536 34 psychology psychology NN 34823 8536 35 , , , 34823 8536 36 and and CC 34823 8536 37 education education NN 34823 8536 38 . . . 34823 8537 1 A a DT 34823 8537 2 good good JJ 34823 8537 3 source source NN 34823 8537 4 is be VBZ 34823 8537 5 Yule Yule NNP 34823 8537 6 's 's POS 34823 8537 7 _ _ NNP 34823 8537 8 Introduction Introduction NNP 34823 8537 9 to to IN 34823 8537 10 the the DT 34823 8537 11 Theory Theory NNP 34823 8537 12 of of IN 34823 8537 13 Statistics Statistics NNPS 34823 8537 14 _ _ NNP 34823 8537 15 . . . 34823 8538 1 Professor Professor NNP 34823 8538 2 H. H. NNP 34823 8538 3 L. L. NNP 34823 8538 4 Moore Moore NNP 34823 8538 5 has have VBZ 34823 8538 6 made make VBN 34823 8538 7 extensive extensive JJ 34823 8538 8 use use NN 34823 8538 9 of of IN 34823 8538 10 the the DT 34823 8538 11 method method NN 34823 8538 12 in in IN 34823 8538 13 his -PRON- PRP$ 34823 8538 14 _ _ NNP 34823 8538 15 Laws Laws NNPS 34823 8538 16 of of IN 34823 8538 17 Wages Wages NNPS 34823 8538 18 _ _ NNP 34823 8538 19 , , , 34823 8538 20 and and CC 34823 8538 21 his -PRON- PRP$ 34823 8538 22 _ _ NNP 34823 8538 23 Economic Economic NNP 34823 8538 24 Cycles Cycles NNPS 34823 8538 25 _ _ NNP 34823 8538 26 . . . 34823 8539 1 Connected connect VBN 34823 8539 2 with with IN 34823 8539 3 the the DT 34823 8539 4 coefficient coefficient NN 34823 8539 5 of of IN 34823 8539 6 correlation correlation NN 34823 8539 7 , , , 34823 8539 8 usually usually RB 34823 8539 9 , , , 34823 8539 10 is be VBZ 34823 8539 11 a a DT 34823 8539 12 figure figure NN 34823 8539 13 for for IN 34823 8539 14 " " `` 34823 8539 15 probable probable JJ 34823 8539 16 error error NN 34823 8539 17 , , , 34823 8539 18 " " '' 34823 8539 19 which which WDT 34823 8539 20 depends depend VBZ 34823 8539 21 , , , 34823 8539 22 primarily primarily RB 34823 8539 23 , , , 34823 8539 24 on on IN 34823 8539 25 the the DT 34823 8539 26 square square JJ 34823 8539 27 root root NN 34823 8539 28 of of IN 34823 8539 29 the the DT 34823 8539 30 number number NN 34823 8539 31 of of IN 34823 8539 32 observations observation NNS 34823 8539 33 . . . 34823 8540 1 When when WRB 34823 8540 2 the the DT 34823 8540 3 probable probable JJ 34823 8540 4 error error NN 34823 8540 5 is be VBZ 34823 8540 6 low low JJ 34823 8540 7 , , , 34823 8540 8 and and CC 34823 8540 9 the the DT 34823 8540 10 coefficient coefficient NN 34823 8540 11 of of IN 34823 8540 12 correlation correlation NN 34823 8540 13 high high JJ 34823 8540 14 ( ( -LRB- 34823 8540 15 as as IN 34823 8540 16 .8 .8 NN 34823 8540 17 ) ) -RRB- 34823 8540 18 , , , 34823 8540 19 it -PRON- PRP 34823 8540 20 is be VBZ 34823 8540 21 commonly commonly RB 34823 8540 22 supposed suppose VBN 34823 8540 23 that that IN 34823 8540 24 a a DT 34823 8540 25 very very RB 34823 8540 26 high high JJ 34823 8540 27 degree degree NN 34823 8540 28 of of IN 34823 8540 29 causal causal JJ 34823 8540 30 connection connection NN 34823 8540 31 is be VBZ 34823 8540 32 established establish VBN 34823 8540 33 . . . 34823 8541 1 I -PRON- PRP 34823 8541 2 shall shall MD 34823 8541 3 not not RB 34823 8541 4 go go VB 34823 8541 5 into into IN 34823 8541 6 detail detail NN 34823 8541 7 in in IN 34823 8541 8 discussion discussion NN 34823 8541 9 of of IN 34823 8541 10 the the DT 34823 8541 11 method method NN 34823 8541 12 . . . 34823 8542 1 My -PRON- PRP$ 34823 8542 2 personal personal JJ 34823 8542 3 judgment judgment NN 34823 8542 4 is be VBZ 34823 8542 5 that that IN 34823 8542 6 it -PRON- PRP 34823 8542 7 is be VBZ 34823 8542 8 overrated overrate VBN 34823 8542 9 , , , 34823 8542 10 that that IN 34823 8542 11 " " `` 34823 8542 12 spurious spurious JJ 34823 8542 13 " " '' 34823 8542 14 correlations correlation NNS 34823 8542 15 , , , 34823 8542 16 leading lead VBG 34823 8542 17 to to IN 34823 8542 18 quite quite RB 34823 8542 19 erroneous erroneous JJ 34823 8542 20 conclusions conclusion NNS 34823 8542 21 , , , 34823 8542 22 have have VBP 34823 8542 23 frequently frequently RB 34823 8542 24 resulted result VBN 34823 8542 25 from from IN 34823 8542 26 it -PRON- PRP 34823 8542 27 , , , 34823 8542 28 and and CC 34823 8542 29 that that IN 34823 8542 30 the the DT 34823 8542 31 labor labor NN 34823 8542 32 involved involve VBN 34823 8542 33 in in IN 34823 8542 34 calculating calculate VBG 34823 8542 35 coefficients coefficient NNS 34823 8542 36 of of IN 34823 8542 37 correlation correlation NN 34823 8542 38 is be VBZ 34823 8542 39 frequently frequently RB 34823 8542 40 too too RB 34823 8542 41 great great JJ 34823 8542 42 for for IN 34823 8542 43 the the DT 34823 8542 44 results result NNS 34823 8542 45 obtained obtain VBN 34823 8542 46 . . . 34823 8543 1 I -PRON- PRP 34823 8543 2 should should MD 34823 8543 3 never never RB 34823 8543 4 be be VB 34823 8543 5 disposed dispose VBN 34823 8543 6 to to TO 34823 8543 7 accept accept VB 34823 8543 8 conclusions conclusion NNS 34823 8543 9 based base VBN 34823 8543 10 on on IN 34823 8543 11 a a DT 34823 8543 12 " " `` 34823 8543 13 correlation correlation NN 34823 8543 14 coefficient coefficient NN 34823 8543 15 " " '' 34823 8543 16 unless unless IN 34823 8543 17 there there EX 34823 8543 18 were be VBD 34823 8543 19 other other JJ 34823 8543 20 converging converge VBG 34823 8543 21 evidence evidence NN 34823 8543 22 to to TO 34823 8543 23 support support VB 34823 8543 24 it -PRON- PRP 34823 8543 25 . . . 34823 8544 1 In in IN 34823 8544 2 effect effect NN 34823 8544 3 we -PRON- PRP 34823 8544 4 have have VBP 34823 8544 5 , , , 34823 8544 6 in in IN 34823 8544 7 the the DT 34823 8544 8 coefficient coefficient NN 34823 8544 9 of of IN 34823 8544 10 correlation correlation NN 34823 8544 11 , , , 34823 8544 12 nothing nothing NN 34823 8544 13 more more JJR 34823 8544 14 than than IN 34823 8544 15 a a DT 34823 8544 16 refinement refinement NN 34823 8544 17 of of IN 34823 8544 18 the the DT 34823 8544 19 method method NN 34823 8544 20 of of IN 34823 8544 21 comparing compare VBG 34823 8544 22 two two CD 34823 8544 23 curves curve NNS 34823 8544 24 on on IN 34823 8544 25 a a DT 34823 8544 26 graph graph NN 34823 8544 27 . . . 34823 8545 1 The the DT 34823 8545 2 curves curve NNS 34823 8545 3 tell tell VBP 34823 8545 4 the the DT 34823 8545 5 story story NN 34823 8545 6 , , , 34823 8545 7 in in IN 34823 8545 8 a a DT 34823 8545 9 general general JJ 34823 8545 10 way way NN 34823 8545 11 , , , 34823 8545 12 whereas whereas IN 34823 8545 13 the the DT 34823 8545 14 coefficient coefficient NN 34823 8545 15 of of IN 34823 8545 16 correlation correlation NN 34823 8545 17 sums sum VBZ 34823 8545 18 up up RP 34823 8545 19 all all PDT 34823 8545 20 the the DT 34823 8545 21 comcomitant comcomitant JJ 34823 8545 22 variations variation NNS 34823 8545 23 ( ( -LRB- 34823 8545 24 and and CC 34823 8545 25 disagreements disagreement NNS 34823 8545 26 ) ) -RRB- 34823 8545 27 in in IN 34823 8545 28 one one CD 34823 8545 29 figure figure NN 34823 8545 30 . . . 34823 8546 1 The the DT 34823 8546 2 eye eye NN 34823 8546 3 does do VBZ 34823 8546 4 not not RB 34823 8546 5 readily readily RB 34823 8546 6 compare compare VB 34823 8546 7 the the DT 34823 8546 8 degree degree NN 34823 8546 9 of of IN 34823 8546 10 relation relation NN 34823 8546 11 between between IN 34823 8546 12 two two CD 34823 8546 13 curves curve NNS 34823 8546 14 with with IN 34823 8546 15 the the DT 34823 8546 16 degree degree NN 34823 8546 17 of of IN 34823 8546 18 relation relation NN 34823 8546 19 between between IN 34823 8546 20 two two CD 34823 8546 21 others other NNS 34823 8546 22 . . . 34823 8547 1 When when WRB 34823 8547 2 it -PRON- PRP 34823 8547 3 is be VBZ 34823 8547 4 desired desire VBN 34823 8547 5 to to TO 34823 8547 6 know know VB 34823 8547 7 which which WDT 34823 8547 8 , , , 34823 8547 9 of of IN 34823 8547 10 several several JJ 34823 8547 11 relationships relationship NNS 34823 8547 12 , , , 34823 8547 13 is be VBZ 34823 8547 14 closest close JJS 34823 8547 15 , , , 34823 8547 16 the the DT 34823 8547 17 graphic graphic JJ 34823 8547 18 method method NN 34823 8547 19 , , , 34823 8547 20 or or CC 34823 8547 21 the the DT 34823 8547 22 method method NN 34823 8547 23 of of IN 34823 8547 24 comparing compare VBG 34823 8547 25 series series NN 34823 8547 26 of of IN 34823 8547 27 figures figure NNS 34823 8547 28 , , , 34823 8547 29 burdens burden VBZ 34823 8547 30 the the DT 34823 8547 31 attention attention NN 34823 8547 32 . . . 34823 8548 1 The the DT 34823 8548 2 coefficient coefficient NN 34823 8548 3 of of IN 34823 8548 4 correlation correlation NN 34823 8548 5 condenses condense VBZ 34823 8548 6 the the DT 34823 8548 7 information information NN 34823 8548 8 to to IN 34823 8548 9 such such PDT 34823 8548 10 a a DT 34823 8548 11 degree degree NN 34823 8548 12 as as IN 34823 8548 13 to to TO 34823 8548 14 make make VB 34823 8548 15 comparison comparison NN 34823 8548 16 easy easy JJ 34823 8548 17 . . . 34823 8549 1 It -PRON- PRP 34823 8549 2 is be VBZ 34823 8549 3 , , , 34823 8549 4 then then RB 34823 8549 5 , , , 34823 8549 6 merely merely RB 34823 8549 7 a a DT 34823 8549 8 refinement refinement NN 34823 8549 9 of of IN 34823 8549 10 familiar familiar JJ 34823 8549 11 statistical statistical JJ 34823 8549 12 methods method NNS 34823 8549 13 . . . 34823 8550 1 Used use VBN 34823 8550 2 wisely wisely RB 34823 8550 3 , , , 34823 8550 4 guided guide VBN 34823 8550 5 by by IN 34823 8550 6 sound sound JJ 34823 8550 7 theory theory NN 34823 8550 8 , , , 34823 8550 9 it -PRON- PRP 34823 8550 10 aids aid VBZ 34823 8550 11 in in IN 34823 8550 12 presenting present VBG 34823 8550 13 facts fact NNS 34823 8550 14 . . . 34823 8551 1 It -PRON- PRP 34823 8551 2 enables enable VBZ 34823 8551 3 us -PRON- PRP 34823 8551 4 to to TO 34823 8551 5 state state VB 34823 8551 6 quantitatively quantitatively RB 34823 8551 7 things thing NNS 34823 8551 8 we -PRON- PRP 34823 8551 9 already already RB 34823 8551 10 know know VBP 34823 8551 11 qualitatively qualitatively RB 34823 8551 12 . . . 34823 8552 1 But but CC 34823 8552 2 there there EX 34823 8552 3 is be VBZ 34823 8552 4 no no DT 34823 8552 5 magic magic NN 34823 8552 6 in in IN 34823 8552 7 it -PRON- PRP 34823 8552 8 ! ! . 34823 8553 1 As as IN 34823 8553 2 I -PRON- PRP 34823 8553 3 have have VBP 34823 8553 4 mentioned mention VBN 34823 8553 5 both both DT 34823 8553 6 Mr. Mr. NNP 34823 8553 7 Silberling Silberling NNP 34823 8553 8 and and CC 34823 8553 9 Professor Professor NNP 34823 8553 10 Moore Moore NNP 34823 8553 11 in in IN 34823 8553 12 this this DT 34823 8553 13 connection connection NN 34823 8553 14 , , , 34823 8553 15 it -PRON- PRP 34823 8553 16 is be VBZ 34823 8553 17 proper proper JJ 34823 8553 18 to to TO 34823 8553 19 say say VB 34823 8553 20 that that IN 34823 8553 21 both both DT 34823 8553 22 of of IN 34823 8553 23 them -PRON- PRP 34823 8553 24 are be VBP 34823 8553 25 fully fully RB 34823 8553 26 alive alive JJ 34823 8553 27 to to IN 34823 8553 28 the the DT 34823 8553 29 dangers danger NNS 34823 8553 30 and and CC 34823 8553 31 limitations limitation NNS 34823 8553 32 of of IN 34823 8553 33 the the DT 34823 8553 34 method method NN 34823 8553 35 , , , 34823 8553 36 and and CC 34823 8553 37 that that IN 34823 8553 38 Professor Professor NNP 34823 8553 39 Moore Moore NNP 34823 8553 40 emphasises emphasise VBZ 34823 8553 41 strongly strongly RB 34823 8553 42 the the DT 34823 8553 43 need need NN 34823 8553 44 for for IN 34823 8553 45 sound sound NN 34823 8553 46 _ _ NNP 34823 8553 47 a a DT 34823 8553 48 priori priori FW 34823 8553 49 _ _ NNP 34823 8553 50 testing testing NN 34823 8553 51 of of IN 34823 8553 52 hypotheses hypothesis NNS 34823 8553 53 before before IN 34823 8553 54 submitting submit VBG 34823 8553 55 them -PRON- PRP 34823 8553 56 to to IN 34823 8553 57 the the DT 34823 8553 58 test test NN 34823 8553 59 of of IN 34823 8553 60 correlation correlation NN 34823 8553 61 . . . 34823 8554 1 One one CD 34823 8554 2 danger danger NN 34823 8554 3 , , , 34823 8554 4 that that IN 34823 8554 5 of of IN 34823 8554 6 getting get VBG 34823 8554 7 a a DT 34823 8554 8 high high JJ 34823 8554 9 correlation correlation NN 34823 8554 10 merely merely RB 34823 8554 11 because because IN 34823 8554 12 both both DT 34823 8554 13 of of IN 34823 8554 14 the the DT 34823 8554 15 variables variable NNS 34823 8554 16 compared compare VBN 34823 8554 17 are be VBP 34823 8554 18 _ _ NNP 34823 8554 19 growing grow VBG 34823 8554 20 rapidly rapidly RB 34823 8554 21 _ _ NNP 34823 8554 22 , , , 34823 8554 23 has have VBZ 34823 8554 24 been be VBN 34823 8554 25 avoided avoid VBN 34823 8554 26 by by IN 34823 8554 27 Mr. Mr. NNP 34823 8554 28 Silberling Silberling NNP 34823 8554 29 by by IN 34823 8554 30 the the DT 34823 8554 31 use use NN 34823 8554 32 of of IN 34823 8554 33 successive successive JJ 34823 8554 34 _ _ NNP 34823 8554 35 percentage percentage NN 34823 8554 36 _ _ NNP 34823 8554 37 deviations deviation NNS 34823 8554 38 , , , 34823 8554 39 instead instead RB 34823 8554 40 of of IN 34823 8554 41 absolute absolute JJ 34823 8554 42 figures figure NNS 34823 8554 43 . . . 34823 8555 1 For for IN 34823 8555 2 reasons reason NNS 34823 8555 3 explained explain VBN 34823 8555 4 by by IN 34823 8555 5 Mr. Mr. NNP 34823 8555 6 Silberling Silberling NNP 34823 8555 7 in in IN 34823 8555 8 a a DT 34823 8555 9 footnote footnote NN 34823 8555 10 , , , 34823 8555 11 he -PRON- PRP 34823 8555 12 uses use VBZ 34823 8555 13 , , , 34823 8555 14 instead instead RB 34823 8555 15 of of IN 34823 8555 16 the the DT 34823 8555 17 " " `` 34823 8555 18 probable probable JJ 34823 8555 19 error error NN 34823 8555 20 , , , 34823 8555 21 " " '' 34823 8555 22 a a DT 34823 8555 23 statement statement NN 34823 8555 24 of of IN 34823 8555 25 the the DT 34823 8555 26 number number NN 34823 8555 27 of of IN 34823 8555 28 observations observation NNS 34823 8555 29 . . . 34823 8556 1 Thus thus RB 34823 8556 2 , , , 34823 8556 3 " " '' 34823 8556 4 r r NN 34823 8556 5 = = SYM 34823 8556 6 .78 .78 NFP 34823 8556 7 ( ( -LRB- 34823 8556 8 46 46 CD 34823 8556 9 ) ) -RRB- 34823 8556 10 " " `` 34823 8556 11 means mean VBZ 34823 8556 12 that that IN 34823 8556 13 the the DT 34823 8556 14 coefficient coefficient NN 34823 8556 15 of of IN 34823 8556 16 correlation correlation NN 34823 8556 17 is be VBZ 34823 8556 18 .78 .78 NFP 34823 8556 19 , , , 34823 8556 20 and and CC 34823 8556 21 that that IN 34823 8556 22 there there EX 34823 8556 23 are be VBP 34823 8556 24 46 46 CD 34823 8556 25 observations observation NNS 34823 8556 26 for for IN 34823 8556 27 each each DT 34823 8556 28 of of IN 34823 8556 29 the the DT 34823 8556 30 two two CD 34823 8556 31 variables variable NNS 34823 8556 32 compared compare VBN 34823 8556 33 . . . 34823 8557 1 [ [ -LRB- 34823 8557 2 258 258 CD 34823 8557 3 ] ] -RRB- 34823 8557 4 They -PRON- PRP 34823 8557 5 get get VBP 34823 8557 6 into into IN 34823 8557 7 clearings clearing NNS 34823 8557 8 , , , 34823 8557 9 however however RB 34823 8557 10 , , , 34823 8557 11 _ _ NNP 34823 8557 12 two two CD 34823 8557 13 _ _ NNP 34823 8557 14 days day NNS 34823 8557 15 after after RB 34823 8557 16 . . . 34823 8558 1 [ [ -LRB- 34823 8558 2 259 259 CD 34823 8558 3 ] ] -RRB- 34823 8558 4 Professor Professor NNP 34823 8558 5 Kemmerer Kemmerer NNP 34823 8558 6 , , , 34823 8558 7 also also RB 34823 8558 8 . . . 34823 8559 1 See see VB 34823 8559 2 his -PRON- PRP$ 34823 8559 3 index index NN 34823 8559 4 of of IN 34823 8559 5 variation variation NN 34823 8559 6 of of IN 34823 8559 7 trade trade NN 34823 8559 8 , , , 34823 8559 9 _ _ NNP 34823 8559 10 op op NN 34823 8559 11 . . . 34823 8560 1 cit cit NNP 34823 8560 2 . . . 34823 8560 3 _ _ NNP 34823 8560 4 , , , 34823 8560 5 pp pp NNP 34823 8560 6 . . . 34823 8561 1 130 130 CD 34823 8561 2 - - SYM 34823 8561 3 131 131 CD 34823 8561 4 . . . 34823 8562 1 [ [ -LRB- 34823 8562 2 260 260 CD 34823 8562 3 ] ] -RRB- 34823 8562 4 It -PRON- PRP 34823 8562 5 is be VBZ 34823 8562 6 unfortunate unfortunate JJ 34823 8562 7 that that IN 34823 8562 8 weekly weekly JJ 34823 8562 9 figures figure NNS 34823 8562 10 from from IN 34823 8562 11 railways railway NNS 34823 8562 12 do do VBP 34823 8562 13 not not RB 34823 8562 14 exist exist VB 34823 8562 15 in in IN 34823 8562 16 such such JJ 34823 8562 17 number number NN 34823 8562 18 , , , 34823 8562 19 or or CC 34823 8562 20 for for IN 34823 8562 21 roads road NNS 34823 8562 22 of of IN 34823 8562 23 sufficient sufficient JJ 34823 8562 24 importance importance NN 34823 8562 25 , , , 34823 8562 26 to to TO 34823 8562 27 justify justify VB 34823 8562 28 correlations correlation NNS 34823 8562 29 of of IN 34823 8562 30 the the DT 34823 8562 31 weekly weekly JJ 34823 8562 32 figures figure NNS 34823 8562 33 with with IN 34823 8562 34 clearings clearing NNS 34823 8562 35 . . . 34823 8563 1 [ [ -LRB- 34823 8563 2 261 261 CD 34823 8563 3 ] ] -RRB- 34823 8563 4 Professor Professor NNP 34823 8563 5 W. W. NNP 34823 8563 6 M. M. NNP 34823 8563 7 Persons Persons NNP 34823 8563 8 informs inform VBZ 34823 8563 9 me -PRON- PRP 34823 8563 10 that that IN 34823 8563 11 Mr. Mr. NNP 34823 8563 12 Silberling Silberling NNP 34823 8563 13 's 's POS 34823 8563 14 results result NNS 34823 8563 15 are be VBP 34823 8563 16 in in IN 34823 8563 17 accord accord NN 34823 8563 18 with with IN 34823 8563 19 calculations calculation NNS 34823 8563 20 which which WDT 34823 8563 21 he -PRON- PRP 34823 8563 22 has have VBZ 34823 8563 23 made make VBN 34823 8563 24 . . . 34823 8564 1 _ _ NNP 34823 8564 2 Vide Vide NNP 34823 8564 3 _ _ NNP 34823 8564 4 his -PRON- PRP$ 34823 8564 5 article article NN 34823 8564 6 in in IN 34823 8564 7 the the DT 34823 8564 8 _ _ NNP 34823 8564 9 Am Am NNP 34823 8564 10 . . . 34823 8565 1 Econ Econ NNP 34823 8565 2 . . . 34823 8566 1 Rev. Rev. NNP 34823 8566 2 _ _ NNP 34823 8566 3 of of IN 34823 8566 4 Dec. December NNP 34823 8566 5 1916 1916 CD 34823 8566 6 . . . 34823 8567 1 [ [ -LRB- 34823 8567 2 262 262 CD 34823 8567 3 ] ] -RRB- 34823 8567 4 _ _ NNP 34823 8567 5 The the DT 34823 8567 6 Wealth Wealth NNP 34823 8567 7 and and CC 34823 8567 8 Income Income NNP 34823 8567 9 of of IN 34823 8567 10 the the DT 34823 8567 11 People People NNS 34823 8567 12 of of IN 34823 8567 13 the the DT 34823 8567 14 United United NNP 34823 8567 15 States States NNP 34823 8567 16 _ _ NNP 34823 8567 17 , , , 34823 8567 18 New New NNP 34823 8567 19 York York NNP 34823 8567 20 , , , 34823 8567 21 1915 1915 CD 34823 8567 22 . . . 34823 8568 1 [ [ -LRB- 34823 8568 2 263 263 CD 34823 8568 3 ] ] -RRB- 34823 8568 4 See see VB 34823 8568 5 our -PRON- PRP$ 34823 8568 6 chapter chapter NN 34823 8568 7 , , , 34823 8568 8 " " `` 34823 8568 9 Statistical statistical JJ 34823 8568 10 Demonstrations Demonstrations NNPS 34823 8568 11 of of IN 34823 8568 12 the the DT 34823 8568 13 Quantity Quantity NNP 34823 8568 14 Theory Theory NNP 34823 8568 15 . . . 34823 8568 16 " " '' 34823 8569 1 [ [ -LRB- 34823 8569 2 264 264 CD 34823 8569 3 ] ] -RRB- 34823 8569 4 _ _ NNP 34823 8569 5 Loc Loc NNP 34823 8569 6 . . . 34823 8570 1 cit cit NNP 34823 8570 2 . . . 34823 8570 3 _ _ NNP 34823 8570 4 , , , 34823 8570 5 pp pp NNP 34823 8570 6 . . . 34823 8571 1 78 78 CD 34823 8571 2 - - SYM 34823 8571 3 79 79 CD 34823 8571 4 . . . 34823 8572 1 [ [ -LRB- 34823 8572 2 265 265 CD 34823 8572 3 ] ] -RRB- 34823 8572 4 _ _ NNP 34823 8572 5 Jour Jour NNP 34823 8572 6 . . . 34823 8573 1 of of IN 34823 8573 2 Polit Polit NNP 34823 8573 3 . . . 34823 8574 1 Econ Econ NNP 34823 8574 2 . . . 34823 8574 3 _ _ NNP 34823 8574 4 , , , 34823 8574 5 vol vol NNP 34823 8574 6 . . . 34823 8575 1 v v LS 34823 8575 2 , , , 34823 8575 3 p. p. NN 34823 8575 4 165 165 CD 34823 8575 5 . . . 34823 8576 1 [ [ -LRB- 34823 8576 2 266 266 CD 34823 8576 3 ] ] -RRB- 34823 8576 4 Even even RB 34823 8576 5 this this DT 34823 8576 6 is be VBZ 34823 8576 7 too too RB 34823 8576 8 high high JJ 34823 8576 9 , , , 34823 8576 10 for for IN 34823 8576 11 1909 1909 CD 34823 8576 12 , , , 34823 8576 13 on on IN 34823 8576 14 the the DT 34823 8576 15 basis basis NN 34823 8576 16 of of IN 34823 8576 17 our -PRON- PRP$ 34823 8576 18 estimate estimate NN 34823 8576 19 for for IN 34823 8576 20 net net JJ 34823 8576 21 income income NN 34823 8576 22 in in IN 34823 8576 23 1909 1909 CD 34823 8576 24 , , , 34823 8576 25 in in IN 34823 8576 26 the the DT 34823 8576 27 Appendix Appendix NNP 34823 8576 28 to to IN 34823 8576 29 this this DT 34823 8576 30 chapter chapter NN 34823 8576 31 . . . 34823 8577 1 [ [ -LRB- 34823 8577 2 267 267 CD 34823 8577 3 ] ] -RRB- 34823 8577 4 The the DT 34823 8577 5 extent extent NN 34823 8577 6 of of IN 34823 8577 7 speculation speculation NN 34823 8577 8 in in IN 34823 8577 9 wholesale wholesale JJ 34823 8577 10 trade trade NN 34823 8577 11 is be VBZ 34823 8577 12 discussed discuss VBN 34823 8577 13 in in IN 34823 8577 14 this this DT 34823 8577 15 chapter chapter NN 34823 8577 16 , , , 34823 8577 17 _ _ NNP 34823 8577 18 infra infra NNP 34823 8577 19 _ _ NNP 34823 8577 20 . . . 34823 8578 1 " " `` 34823 8578 2 Double double JJ 34823 8578 3 counting counting NN 34823 8578 4 " " '' 34823 8578 5 is be VBZ 34823 8578 6 discussed discuss VBN 34823 8578 7 in in IN 34823 8578 8 the the DT 34823 8578 9 chapter chapter NN 34823 8578 10 on on IN 34823 8578 11 " " `` 34823 8578 12 Statistical Statistical NNP 34823 8578 13 Demonstrations Demonstrations NNPS 34823 8578 14 of of IN 34823 8578 15 the the DT 34823 8578 16 Quantity Quantity NNP 34823 8578 17 Theory Theory NNP 34823 8578 18 . . . 34823 8578 19 " " '' 34823 8579 1 [ [ -LRB- 34823 8579 2 268 268 CD 34823 8579 3 ] ] -RRB- 34823 8579 4 _ _ NNP 34823 8579 5 The the DT 34823 8579 6 Use Use NNP 34823 8579 7 of of IN 34823 8579 8 Credit Credit NNP 34823 8579 9 Instruments Instruments NNPS 34823 8579 10 _ _ NNP 34823 8579 11 , , , 34823 8579 12 p. p. NN 34823 8579 13 151 151 CD 34823 8579 14 . . . 34823 8580 1 [ [ -LRB- 34823 8580 2 269 269 CD 34823 8580 3 ] ] -RRB- 34823 8580 4 The the DT 34823 8580 5 figures figure NNS 34823 8580 6 for for IN 34823 8580 7 rent rent NN 34823 8580 8 and and CC 34823 8580 9 wages wage NNS 34823 8580 10 are be VBP 34823 8580 11 from from IN 34823 8580 12 W. W. NNP 34823 8580 13 I. I. NNP 34823 8581 1 King King NNP 34823 8581 2 , , , 34823 8581 3 _ _ NNP 34823 8581 4 op op NN 34823 8581 5 . . . 34823 8582 1 cit cit NNP 34823 8582 2 . . . 34823 8582 3 _ _ NNP 34823 8582 4 The the DT 34823 8582 5 other other JJ 34823 8582 6 figures figure NNS 34823 8582 7 are be VBP 34823 8582 8 from from IN 34823 8582 9 the the DT 34823 8582 10 _ _ NNP 34823 8582 11 Statistical Statistical NNP 34823 8582 12 Abstract Abstract NNP 34823 8582 13 of of IN 34823 8582 14 the the DT 34823 8582 15 United United NNP 34823 8582 16 States States NNP 34823 8582 17 _ _ NNP 34823 8582 18 , , , 34823 8582 19 unless unless IN 34823 8582 20 otherwise otherwise RB 34823 8582 21 stated state VBN 34823 8582 22 . . . 34823 8583 1 King King NNP 34823 8583 2 's 's POS 34823 8583 3 estimates estimate NNS 34823 8583 4 are be VBP 34823 8583 5 for for IN 34823 8583 6 1910 1910 CD 34823 8583 7 . . . 34823 8584 1 The the DT 34823 8584 2 other other JJ 34823 8584 3 figures figure NNS 34823 8584 4 are be VBP 34823 8584 5 for for IN 34823 8584 6 1909 1909 CD 34823 8584 7 . . . 34823 8585 1 Compare compare VB 34823 8585 2 this this DT 34823 8585 3 list list NN 34823 8585 4 with with IN 34823 8585 5 my -PRON- PRP$ 34823 8585 6 discussion discussion NN 34823 8585 7 in in IN 34823 8585 8 the the DT 34823 8585 9 _ _ NNP 34823 8585 10 Annalist Annalist NNP 34823 8585 11 _ _ NNP 34823 8585 12 , , , 34823 8585 13 March March NNP 34823 8585 14 6 6 CD 34823 8585 15 , , , 34823 8585 16 1916 1916 CD 34823 8585 17 , , , 34823 8585 18 p. p. NN 34823 8585 19 317 317 CD 34823 8585 20 , , , 34823 8585 21 where where WRB 34823 8585 22 I -PRON- PRP 34823 8585 23 made make VBD 34823 8585 24 computations computation NNS 34823 8585 25 purposely purposely RB 34823 8585 26 much much RB 34823 8585 27 too too RB 34823 8585 28 large large JJ 34823 8585 29 . . . 34823 8586 1 In in IN 34823 8586 2 that that DT 34823 8586 3 computation computation NN 34823 8586 4 I -PRON- PRP 34823 8586 5 clearly clearly RB 34823 8586 6 greatly greatly RB 34823 8586 7 exaggerated exaggerated JJ 34823 8586 8 salaries salary NNS 34823 8586 9 and and CC 34823 8586 10 professional professional JJ 34823 8586 11 incomes income NNS 34823 8586 12 , , , 34823 8586 13 and and CC 34823 8586 14 rent rent VB 34823 8586 15 as as RB 34823 8586 16 well well RB 34823 8586 17 as as IN 34823 8586 18 retail retail JJ 34823 8586 19 and and CC 34823 8586 20 wholesale wholesale JJ 34823 8586 21 trade trade NN 34823 8586 22 . . . 34823 8587 1 My -PRON- PRP$ 34823 8587 2 figure figure NN 34823 8587 3 there there EX 34823 8587 4 included include VBD 34823 8587 5 the the DT 34823 8587 6 rent rent NN 34823 8587 7 of of IN 34823 8587 8 houses house NNS 34823 8587 9 as as RB 34823 8587 10 well well RB 34823 8587 11 as as IN 34823 8587 12 the the DT 34823 8587 13 rent rent NN 34823 8587 14 of of IN 34823 8587 15 land land NN 34823 8587 16 . . . 34823 8588 1 King King NNP 34823 8588 2 's 's POS 34823 8588 3 figure figure NN 34823 8588 4 is be VBZ 34823 8588 5 only only RB 34823 8588 6 for for IN 34823 8588 7 land land NN 34823 8588 8 rent rent NN 34823 8588 9 . . . 34823 8589 1 However however RB 34823 8589 2 , , , 34823 8589 3 in in IN 34823 8589 4 view view NN 34823 8589 5 of of IN 34823 8589 6 the the DT 34823 8589 7 fact fact NN 34823 8589 8 that that IN 34823 8589 9 a a DT 34823 8589 10 high high JJ 34823 8589 11 percentage percentage NN 34823 8589 12 of of IN 34823 8589 13 real real JJ 34823 8589 14 estate estate NN 34823 8589 15 is be VBZ 34823 8589 16 used use VBN 34823 8589 17 by by IN 34823 8589 18 the the DT 34823 8589 19 owner owner NN 34823 8589 20 , , , 34823 8589 21 with with IN 34823 8589 22 the the DT 34823 8589 23 result result NN 34823 8589 24 that that IN 34823 8589 25 no no DT 34823 8589 26 rent rent NN 34823 8589 27 - - HYPH 34823 8589 28 payments payment NNS 34823 8589 29 are be VBP 34823 8589 30 required require VBN 34823 8589 31 , , , 34823 8589 32 I -PRON- PRP 34823 8589 33 think think VBP 34823 8589 34 King King NNP 34823 8589 35 's 's POS 34823 8589 36 figure figure NN 34823 8589 37 high high JJ 34823 8589 38 enough enough RB 34823 8589 39 for for IN 34823 8589 40 the the DT 34823 8589 41 whole whole JJ 34823 8589 42 item item NN 34823 8589 43 . . . 34823 8590 1 [ [ -LRB- 34823 8590 2 270 270 CD 34823 8590 3 ] ] -RRB- 34823 8590 4 Professor Professor NNP 34823 8590 5 Fisher Fisher NNP 34823 8590 6 has have VBZ 34823 8590 7 estimated estimate VBN 34823 8590 8 total total JJ 34823 8590 9 real real JJ 34823 8590 10 estate estate NN 34823 8590 11 exchanges exchange NNS 34823 8590 12 in in IN 34823 8590 13 the the DT 34823 8590 14 country country NN 34823 8590 15 at at IN 34823 8590 16 less less JJR 34823 8590 17 than than IN 34823 8590 18 1 1 CD 34823 8590 19 % % NN 34823 8590 20 of of IN 34823 8590 21 the the DT 34823 8590 22 total total JJ 34823 8590 23 387 387 CD 34823 8590 24 billions billion NNS 34823 8590 25 ( ( -LRB- 34823 8590 26 _ _ NNP 34823 8590 27 op op NN 34823 8590 28 . . . 34823 8591 1 cit cit NNP 34823 8591 2 . . . 34823 8591 3 _ _ NNP 34823 8591 4 , , , 34823 8591 5 p. p. NN 34823 8591 6 226 226 CD 34823 8591 7 ) ) -RRB- 34823 8591 8 , , , 34823 8591 9 and and CC 34823 8591 10 a a DT 34823 8591 11 colleague colleague NN 34823 8591 12 of of IN 34823 8591 13 the the DT 34823 8591 14 Harvard Harvard NNP 34823 8591 15 Business Business NNP 34823 8591 16 School School NNP 34823 8591 17 has have VBZ 34823 8591 18 given give VBN 34823 8591 19 me -PRON- PRP 34823 8591 20 an an DT 34823 8591 21 estimate estimate NN 34823 8591 22 of of IN 34823 8591 23 $ $ $ 34823 8591 24 1,300,000,000 1,300,000,000 CD 34823 8591 25 for for IN 34823 8591 26 total total JJ 34823 8591 27 advertising advertising NN 34823 8591 28 in in IN 34823 8591 29 the the DT 34823 8591 30 United United NNP 34823 8591 31 States States NNP 34823 8591 32 . . . 34823 8592 1 Neither neither DT 34823 8592 2 of of IN 34823 8592 3 these these DT 34823 8592 4 items item NNS 34823 8592 5 is be VBZ 34823 8592 6 properly properly RB 34823 8592 7 counted count VBN 34823 8592 8 part part NN 34823 8592 9 of of IN 34823 8592 10 the the DT 34823 8592 11 " " `` 34823 8592 12 static static JJ 34823 8592 13 " " '' 34823 8592 14 trade trade NN 34823 8592 15 that that WDT 34823 8592 16 would would MD 34823 8592 17 occur occur VB 34823 8592 18 were be VBD 34823 8592 19 things thing NNS 34823 8592 20 in in IN 34823 8592 21 " " `` 34823 8592 22 normal normal JJ 34823 8592 23 equilibrium equilibrium NN 34823 8592 24 . . . 34823 8592 25 " " '' 34823 8593 1 If if IN 34823 8593 2 , , , 34823 8593 3 however however RB 34823 8593 4 , , , 34823 8593 5 we -PRON- PRP 34823 8593 6 counted count VBD 34823 8593 7 them -PRON- PRP 34823 8593 8 , , , 34823 8593 9 we -PRON- PRP 34823 8593 10 should should MD 34823 8593 11 add add VB 34823 8593 12 only only RB 34823 8593 13 1 1 CD 34823 8593 14 % % NN 34823 8593 15 , , , 34823 8593 16 say say UH 34823 8593 17 , , , 34823 8593 18 of of IN 34823 8593 19 the the DT 34823 8593 20 total total NN 34823 8593 21 . . . 34823 8594 1 When when WRB 34823 8594 2 it -PRON- PRP 34823 8594 3 is be VBZ 34823 8594 4 seen see VBN 34823 8594 5 how how WRB 34823 8594 6 insignificant insignificant JJ 34823 8594 7 , , , 34823 8594 8 in in IN 34823 8594 9 comparison comparison NN 34823 8594 10 with with IN 34823 8594 11 the the DT 34823 8594 12 387 387 CD 34823 8594 13 billions billion NNS 34823 8594 14 indicated indicate VBN 34823 8594 15 by by IN 34823 8594 16 deposits deposit NNS 34823 8594 17 , , , 34823 8594 18 the the DT 34823 8594 19 figures figure NNS 34823 8594 20 for for IN 34823 8594 21 total total JJ 34823 8594 22 manufactures manufacture NNS 34823 8594 23 , , , 34823 8594 24 total total JJ 34823 8594 25 farm farm NN 34823 8594 26 products product NNS 34823 8594 27 , , , 34823 8594 28 and and CC 34823 8594 29 total total JJ 34823 8594 30 wages wage NNS 34823 8594 31 , , , 34823 8594 32 are be VBP 34823 8594 33 , , , 34823 8594 34 there there EX 34823 8594 35 really really RB 34823 8594 36 is be VBZ 34823 8594 37 little little JJ 34823 8594 38 need need NN 34823 8594 39 to to TO 34823 8594 40 argue argue VB 34823 8594 41 the the DT 34823 8594 42 case case NN 34823 8594 43 . . . 34823 8595 1 It -PRON- PRP 34823 8595 2 is be VBZ 34823 8595 3 impossible impossible JJ 34823 8595 4 to to TO 34823 8595 5 find find VB 34823 8595 6 , , , 34823 8595 7 in in IN 34823 8595 8 the the DT 34823 8595 9 " " `` 34823 8595 10 ordinary ordinary JJ 34823 8595 11 trade trade NN 34823 8595 12 " " '' 34823 8595 13 we -PRON- PRP 34823 8595 14 have have VBP 34823 8595 15 not not RB 34823 8595 16 mentioned mention VBN 34823 8595 17 , , , 34823 8595 18 items item NNS 34823 8595 19 whose whose WP$ 34823 8595 20 total total NN 34823 8595 21 will will MD 34823 8595 22 equal equal VB 34823 8595 23 the the DT 34823 8595 24 least least JJS 34823 8595 25 of of IN 34823 8595 26 these these DT 34823 8595 27 three three CD 34823 8595 28 . . . 34823 8596 1 Moreover moreover RB 34823 8596 2 , , , 34823 8596 3 we -PRON- PRP 34823 8596 4 have have VBP 34823 8596 5 allowed allow VBN 34823 8596 6 for for IN 34823 8596 7 a a DT 34823 8596 8 multitude multitude NN 34823 8596 9 of of IN 34823 8596 10 these these DT 34823 8596 11 items item NNS 34823 8596 12 in in IN 34823 8596 13 permitting permit VBG 34823 8596 14 the the DT 34823 8596 15 figure figure NN 34823 8596 16 for for IN 34823 8596 17 retail retail JJ 34823 8596 18 trade trade NN 34823 8596 19 to to TO 34823 8596 20 be be VB 34823 8596 21 as as RB 34823 8596 22 high high JJ 34823 8596 23 as as IN 34823 8596 24 it -PRON- PRP 34823 8596 25 is be VBZ 34823 8596 26 , , , 34823 8596 27 and and CC 34823 8596 28 have have VBP 34823 8596 29 left leave VBN 34823 8596 30 large large JJ 34823 8596 31 leeway leeway NN 34823 8596 32 in in IN 34823 8596 33 making make VBG 34823 8596 34 no no DT 34823 8596 35 deduction deduction NN 34823 8596 36 for for IN 34823 8596 37 the the DT 34823 8596 38 speculation speculation NN 34823 8596 39 in in IN 34823 8596 40 wholesale wholesale JJ 34823 8596 41 trade trade NN 34823 8596 42 , , , 34823 8596 43 and and CC 34823 8596 44 in in IN 34823 8596 45 counting count VBG 34823 8596 46 farm farm NN 34823 8596 47 products product NNS 34823 8596 48 in in IN 34823 8596 49 full full JJ 34823 8596 50 . . . 34823 8597 1 Interest interest NN 34823 8597 2 and and CC 34823 8597 3 dividends dividend NNS 34823 8597 4 I -PRON- PRP 34823 8597 5 have have VBP 34823 8597 6 not not RB 34823 8597 7 counted count VBN 34823 8597 8 . . . 34823 8598 1 They -PRON- PRP 34823 8598 2 are be VBP 34823 8598 3 not not RB 34823 8598 4 " " `` 34823 8598 5 trade trade NN 34823 8598 6 . . . 34823 8598 7 " " '' 34823 8599 1 When when WRB 34823 8599 2 we -PRON- PRP 34823 8599 3 have have VBP 34823 8599 4 counted count VBN 34823 8599 5 stock stock NN 34823 8599 6 sales sale NNS 34823 8599 7 , , , 34823 8599 8 we -PRON- PRP 34823 8599 9 have have VBP 34823 8599 10 already already RB 34823 8599 11 counted count VBN 34823 8599 12 the the DT 34823 8599 13 exchanges exchange NNS 34823 8599 14 in in IN 34823 8599 15 which which WDT 34823 8599 16 dividends dividend NNS 34823 8599 17 were be VBD 34823 8599 18 sold sell VBN 34823 8599 19 . . . 34823 8600 1 The the DT 34823 8600 2 man man NN 34823 8600 3 who who WP 34823 8600 4 buys buy VBZ 34823 8600 5 the the DT 34823 8600 6 stocks stock NNS 34823 8600 7 has have VBZ 34823 8600 8 already already RB 34823 8600 9 bought buy VBN 34823 8600 10 the the DT 34823 8600 11 dividends dividend NNS 34823 8600 12 . . . 34823 8601 1 To to TO 34823 8601 2 count count VB 34823 8601 3 the the DT 34823 8601 4 dividends dividend NNS 34823 8601 5 in in IN 34823 8601 6 addition addition NN 34823 8601 7 would would MD 34823 8601 8 be be VB 34823 8601 9 a a DT 34823 8601 10 case case NN 34823 8601 11 of of IN 34823 8601 12 that that DT 34823 8601 13 double double JJ 34823 8601 14 counting counting NN 34823 8601 15 of of IN 34823 8601 16 capital capital NN 34823 8601 17 and and CC 34823 8601 18 income income NN 34823 8601 19 against against IN 34823 8601 20 which which WDT 34823 8601 21 Professor Professor NNP 34823 8601 22 Fisher Fisher NNP 34823 8601 23 has have VBZ 34823 8601 24 warned warn VBN 34823 8601 25 us -PRON- PRP 34823 8601 26 in in IN 34823 8601 27 his -PRON- PRP$ 34823 8601 28 _ _ NNP 34823 8601 29 Nature Nature NNP 34823 8601 30 of of IN 34823 8601 31 Capital Capital NNP 34823 8601 32 and and CC 34823 8601 33 Income Income NNP 34823 8601 34 _ _ NNP 34823 8601 35 . . . 34823 8602 1 Rents rent NNS 34823 8602 2 and and CC 34823 8602 3 wages wage NNS 34823 8602 4 represent represent VBP 34823 8602 5 payment payment NN 34823 8602 6 for for IN 34823 8602 7 current current JJ 34823 8602 8 services service NNS 34823 8602 9 , , , 34823 8602 10 and and CC 34823 8602 11 are be VBP 34823 8602 12 properly properly RB 34823 8602 13 items item NNS 34823 8602 14 of of IN 34823 8602 15 trade trade NN 34823 8602 16 . . . 34823 8603 1 Interest interest NN 34823 8603 2 and and CC 34823 8603 3 dividends dividend NNS 34823 8603 4 are be VBP 34823 8603 5 one one CD 34823 8603 6 - - HYPH 34823 8603 7 sided sided JJ 34823 8603 8 money money NN 34823 8603 9 payments payment NNS 34823 8603 10 , , , 34823 8603 11 completing complete VBG 34823 8603 12 transactions transaction NNS 34823 8603 13 for for IN 34823 8603 14 which which WDT 34823 8603 15 money money NN 34823 8603 16 has have VBZ 34823 8603 17 already already RB 34823 8603 18 passed pass VBN 34823 8603 19 , , , 34823 8603 20 and and CC 34823 8603 21 in in IN 34823 8603 22 which which WDT 34823 8603 23 a a DT 34823 8603 24 man man NN 34823 8603 25 is be VBZ 34823 8603 26 merely merely RB 34823 8603 27 getting get VBG 34823 8603 28 a a DT 34823 8603 29 delivery delivery NN 34823 8603 30 of of IN 34823 8603 31 something something NN 34823 8603 32 he -PRON- PRP 34823 8603 33 has have VBZ 34823 8603 34 already already RB 34823 8603 35 bought buy VBN 34823 8603 36 . . . 34823 8604 1 In in IN 34823 8604 2 general general JJ 34823 8604 3 , , , 34823 8604 4 loans loan NNS 34823 8604 5 and and CC 34823 8604 6 repayments repayment NNS 34823 8604 7 are be VBP 34823 8604 8 not not RB 34823 8604 9 properly properly RB 34823 8604 10 counted count VBN 34823 8604 11 as as IN 34823 8604 12 part part NN 34823 8604 13 of of IN 34823 8604 14 ordinary ordinary JJ 34823 8604 15 , , , 34823 8604 16 or or CC 34823 8604 17 physical physical JJ 34823 8604 18 trade trade NN 34823 8604 19 . . . 34823 8605 1 If if IN 34823 8605 2 , , , 34823 8605 3 however however RB 34823 8605 4 , , , 34823 8605 5 we -PRON- PRP 34823 8605 6 counted count VBD 34823 8605 7 total total JJ 34823 8605 8 corporate corporate JJ 34823 8605 9 dividends dividend NNS 34823 8605 10 and and CC 34823 8605 11 interest interest NN 34823 8605 12 we -PRON- PRP 34823 8605 13 should should MD 34823 8605 14 get get VB 34823 8605 15 only only RB 34823 8605 16 $ $ $ 34823 8605 17 4,781,000,000 4,781,000,000 CD 34823 8605 18 ( ( -LRB- 34823 8605 19 King King NNP 34823 8605 20 's 's POS 34823 8605 21 estimate estimate NN 34823 8605 22 , , , 34823 8605 23 _ _ NNP 34823 8605 24 loc loc NNP 34823 8605 25 . . . 34823 8606 1 cit cit NNP 34823 8606 2 . . . 34823 8606 3 _ _ NNP 34823 8606 4 , , , 34823 8606 5 p. p. NN 34823 8606 6 262 262 CD 34823 8606 7 ) ) -RRB- 34823 8606 8 . . . 34823 8607 1 This this DT 34823 8607 2 is be VBZ 34823 8607 3 a a DT 34823 8607 4 little little JJ 34823 8607 5 over over IN 34823 8607 6 1 1 CD 34823 8607 7 % % NN 34823 8607 8 . . . 34823 8608 1 What what WP 34823 8608 2 else else RB 34823 8608 3 is be VBZ 34823 8608 4 there there EX 34823 8608 5 ? ? . 34823 8609 1 In in IN 34823 8609 2 his -PRON- PRP$ 34823 8609 3 article article NN 34823 8609 4 of of IN 34823 8609 5 March March NNP 34823 8609 6 13 13 CD 34823 8609 7 , , , 34823 8609 8 1916 1916 CD 34823 8609 9 , , , 34823 8609 10 in in IN 34823 8609 11 the the DT 34823 8609 12 _ _ NNP 34823 8609 13 Annalist Annalist NNP 34823 8609 14 _ _ NNP 34823 8609 15 , , , 34823 8609 16 Professor Professor NNP 34823 8609 17 Fisher Fisher NNP 34823 8609 18 failed fail VBD 34823 8609 19 to to TO 34823 8609 20 meet meet VB 34823 8609 21 my -PRON- PRP$ 34823 8609 22 suggestion suggestion NN 34823 8609 23 that that IN 34823 8609 24 a a DT 34823 8609 25 bill bill NN 34823 8609 26 of of IN 34823 8609 27 particulars particular NNS 34823 8609 28 was be VBD 34823 8609 29 called call VBN 34823 8609 30 for for IN 34823 8609 31 ! ! . 34823 8610 1 [ [ -LRB- 34823 8610 2 271 271 CD 34823 8610 3 ] ] -RRB- 34823 8610 4 See see VB 34823 8610 5 the the DT 34823 8610 6 table table NN 34823 8610 7 of of IN 34823 8610 8 shares share NNS 34823 8610 9 and and CC 34823 8610 10 approximate approximate JJ 34823 8610 11 values value NNS 34823 8610 12 in in IN 34823 8610 13 Pratt Pratt NNP 34823 8610 14 's 's POS 34823 8610 15 _ _ NNP 34823 8610 16 Work Work NNP 34823 8610 17 of of IN 34823 8610 18 Wall Wall NNP 34823 8610 19 Street Street NNP 34823 8610 20 _ _ NNP 34823 8610 21 , , , 34823 8610 22 1912 1912 CD 34823 8610 23 ed ed NNP 34823 8610 24 . . NNP 34823 8610 25 , , , 34823 8610 26 p. p. NN 34823 8610 27 187 187 CD 34823 8610 28 . . . 34823 8611 1 This this DT 34823 8611 2 table table NN 34823 8611 3 covers cover VBZ 34823 8611 4 the the DT 34823 8611 5 years year NNS 34823 8611 6 , , , 34823 8611 7 1890 1890 CD 34823 8611 8 - - SYM 34823 8611 9 1911 1911 CD 34823 8611 10 . . . 34823 8612 1 [ [ -LRB- 34823 8612 2 272 272 CD 34823 8612 3 ] ] -RRB- 34823 8612 4 Boston Boston NNP 34823 8612 5 _ _ NNP 34823 8612 6 Transcript Transcript NNP 34823 8612 7 _ _ NNP 34823 8612 8 , , , 34823 8612 9 " " `` 34823 8612 10 Tape tape NN 34823 8612 11 Record record NN 34823 8612 12 of of IN 34823 8612 13 Sales Sales NNP 34823 8612 14 Incomplete Incomplete NNP 34823 8612 15 , , , 34823 8612 16 " " `` 34823 8612 17 May May MD 34823 8612 18 6 6 CD 34823 8612 19 , , , 34823 8612 20 1916 1916 CD 34823 8612 21 , , , 34823 8612 22 Pt Pt NNP 34823 8612 23 . . . 34823 8613 1 I -PRON- PRP 34823 8613 2 , , , 34823 8613 3 p. p. NN 34823 8613 4 12 12 CD 34823 8613 5 . . . 34823 8614 1 The the DT 34823 8614 2 _ _ NNP 34823 8614 3 Transcript Transcript NNP 34823 8614 4 _ _ NNP 34823 8614 5 quotes quote VBZ 34823 8614 6 as as IN 34823 8614 7 authority authority NN 34823 8614 8 the the DT 34823 8614 9 New New NNP 34823 8614 10 York York NNP 34823 8614 11 _ _ NNP 34823 8614 12 Commercial Commercial NNP 34823 8614 13 _ _ NNP 34823 8614 14 . . . 34823 8615 1 Following follow VBG 34823 8615 2 the the DT 34823 8615 3 extraordinary extraordinary JJ 34823 8615 4 market market NN 34823 8615 5 of of IN 34823 8615 6 Sept. September NNP 34823 8615 7 25 25 CD 34823 8615 8 , , , 34823 8615 9 1916 1916 CD 34823 8615 10 , , , 34823 8615 11 when when WRB 34823 8615 12 the the DT 34823 8615 13 ticker ticker NN 34823 8615 14 recorded record VBD 34823 8615 15 2,317,000 2,317,000 CD 34823 8615 16 shares share NNS 34823 8615 17 sold sell VBN 34823 8615 18 on on IN 34823 8615 19 the the DT 34823 8615 20 New New NNP 34823 8615 21 York York NNP 34823 8615 22 Stock Stock NNP 34823 8615 23 Exchange Exchange NNP 34823 8615 24 , , , 34823 8615 25 the the DT 34823 8615 26 newspapers newspaper NNS 34823 8615 27 estimated estimate VBD 34823 8615 28 that that IN 34823 8615 29 missed miss VBN 34823 8615 30 sales sale NNS 34823 8615 31 , , , 34823 8615 32 odd odd JJ 34823 8615 33 lots lot NNS 34823 8615 34 , , , 34823 8615 35 and and CC 34823 8615 36 unrecorded unrecorde VBN 34823 8615 37 sales sale NNS 34823 8615 38 on on IN 34823 8615 39 stop stop VB 34823 8615 40 loss loss NN 34823 8615 41 orders order NNS 34823 8615 42 , , , 34823 8615 43 would would MD 34823 8615 44 bring bring VB 34823 8615 45 the the DT 34823 8615 46 total total NN 34823 8615 47 above above IN 34823 8615 48 3,000,000 3,000,000 CD 34823 8615 49 shares share NNS 34823 8615 50 . . . 34823 8616 1 There there EX 34823 8616 2 was be VBD 34823 8616 3 an an DT 34823 8616 4 unusual unusual JJ 34823 8616 5 number number NN 34823 8616 6 of of IN 34823 8616 7 stop stop NN 34823 8616 8 orders order NNS 34823 8616 9 caught catch VBN 34823 8616 10 that that DT 34823 8616 11 day day NN 34823 8616 12 . . . 34823 8617 1 There there EX 34823 8617 2 will will MD 34823 8617 3 be be VB 34823 8617 4 very very RB 34823 8617 5 few few JJ 34823 8617 6 other other JJ 34823 8617 7 sales sale NNS 34823 8617 8 of of IN 34823 8617 9 100 100 CD 34823 8617 10 shares share NNS 34823 8617 11 missed miss VBN 34823 8617 12 by by IN 34823 8617 13 the the DT 34823 8617 14 ticker ticker NN 34823 8617 15 , , , 34823 8617 16 except except IN 34823 8617 17 in in IN 34823 8617 18 times time NNS 34823 8617 19 of of IN 34823 8617 20 extraordinary extraordinary JJ 34823 8617 21 pressure pressure NN 34823 8617 22 . . . 34823 8618 1 See see VB 34823 8618 2 _ _ NNP 34823 8618 3 Boston Boston NNP 34823 8618 4 Herald Herald NNP 34823 8618 5 _ _ NNP 34823 8618 6 , , , 34823 8618 7 Sept. September NNP 34823 8618 8 26 26 CD 34823 8618 9 , , , 34823 8618 10 1916 1916 CD 34823 8618 11 , , , 34823 8618 12 p. p. NN 34823 8618 13 1 1 CD 34823 8618 14 . . . 34823 8619 1 [ [ -LRB- 34823 8619 2 273 273 CD 34823 8619 3 ] ] -RRB- 34823 8619 4 Hollander Hollander NNP 34823 8619 5 , , , 34823 8619 6 J. J. NNP 34823 8619 7 H. H. NNP 34823 8619 8 , , , 34823 8619 9 _ _ NNP 34823 8619 10 Bank Bank NNP 34823 8619 11 Loans Loans NNP 34823 8619 12 and and CC 34823 8619 13 Stock Stock NNP 34823 8619 14 Exchange Exchange NNP 34823 8619 15 Speculation Speculation NNP 34823 8619 16 _ _ NNP 34823 8619 17 , , , 34823 8619 18 Senate Senate NNP 34823 8619 19 Document Document NNP 34823 8619 20 589 589 CD 34823 8619 21 , , , 34823 8619 22 61st 61st JJ 34823 8619 23 Congress Congress NNP 34823 8619 24 , , , 34823 8619 25 2nd 2nd NNP 34823 8619 26 Session Session NNP 34823 8619 27 , , , 34823 8619 28 p. p. NN 34823 8619 29 23 23 CD 34823 8619 30 . . . 34823 8620 1 [ [ -LRB- 34823 8620 2 274 274 CD 34823 8620 3 ] ] -RRB- 34823 8620 4 Pratt Pratt NNP 34823 8620 5 , , , 34823 8620 6 _ _ NNP 34823 8620 7 Work Work NNP 34823 8620 8 of of IN 34823 8620 9 Wall Wall NNP 34823 8620 10 Street Street NNP 34823 8620 11 _ _ NNP 34823 8620 12 , , , 34823 8620 13 1912 1912 CD 34823 8620 14 ed ed NNP 34823 8620 15 . . NNP 34823 8620 16 , , , 34823 8620 17 p. p. NN 34823 8620 18 264 264 CD 34823 8620 19 . . . 34823 8621 1 [ [ -LRB- 34823 8621 2 275 275 CD 34823 8621 3 ] ] -RRB- 34823 8621 4 _ _ NNP 34823 8621 5 Annalist Annalist NNP 34823 8621 6 _ _ NNP 34823 8621 7 , , , 34823 8621 8 Dec. December NNP 34823 8621 9 27 27 CD 34823 8621 10 , , , 34823 8621 11 1915 1915 CD 34823 8621 12 , , , 34823 8621 13 p. p. NN 34823 8621 14 719 719 CD 34823 8621 15 - - HYPH 34823 8621 16 -"Selling -"Selling NNP 34823 8621 17 Phantom Phantom NNP 34823 8621 18 Grain Grain NNP 34823 8621 19 . . . 34823 8621 20 " " '' 34823 8622 1 [ [ -LRB- 34823 8622 2 276 276 CD 34823 8622 3 ] ] -RRB- 34823 8622 4 My -PRON- PRP$ 34823 8622 5 information information NN 34823 8622 6 regarding regard VBG 34823 8622 7 the the DT 34823 8622 8 Coffee Coffee NNP 34823 8622 9 Exchange Exchange NNP 34823 8622 10 in in IN 34823 8622 11 New New NNP 34823 8622 12 York York NNP 34823 8622 13 comes come VBZ 34823 8622 14 from from IN 34823 8622 15 the the DT 34823 8622 16 Treasurer Treasurer NNP 34823 8622 17 of of IN 34823 8622 18 the the DT 34823 8622 19 Exchange Exchange NNP 34823 8622 20 , , , 34823 8622 21 Mr. Mr. NNP 34823 8622 22 Jas Jas NNP 34823 8622 23 . . . 34823 8623 1 H. H. NNP 34823 8623 2 Taylor Taylor NNP 34823 8623 3 , , , 34823 8623 4 through through IN 34823 8623 5 the the DT 34823 8623 6 courtesy courtesy NN 34823 8623 7 of of IN 34823 8623 8 Mr. Mr. NNP 34823 8623 9 W. W. NNP 34823 8623 10 H. H. NNP 34823 8623 11 Aborn Aborn NNP 34823 8623 12 , , , 34823 8623 13 of of IN 34823 8623 14 Aborn Aborn NNP 34823 8623 15 and and CC 34823 8623 16 Cushman Cushman NNP 34823 8623 17 , , , 34823 8623 18 New New NNP 34823 8623 19 York York NNP 34823 8623 20 . . . 34823 8624 1 [ [ -LRB- 34823 8624 2 277 277 CD 34823 8624 3 ] ] -RRB- 34823 8624 4 Report Report NNP 34823 8624 5 of of IN 34823 8624 6 the the DT 34823 8624 7 Hughes Hughes NNP 34823 8624 8 Commission Commission NNP 34823 8624 9 , , , 34823 8624 10 in in IN 34823 8624 11 appendix appendix NNP 34823 8624 12 to to IN 34823 8624 13 Pratt Pratt NNP 34823 8624 14 's 's POS 34823 8624 15 _ _ NNP 34823 8624 16 Work Work NNP 34823 8624 17 of of IN 34823 8624 18 Wall Wall NNP 34823 8624 19 Street Street NNP 34823 8624 20 _ _ NNP 34823 8624 21 , , , 34823 8624 22 Rev. Rev. NNP 34823 8625 1 ed ed NNP 34823 8625 2 . . NNP 34823 8625 3 , , , 34823 8625 4 p. p. NN 34823 8625 5 417 417 CD 34823 8625 6 . . . 34823 8626 1 This this DT 34823 8626 2 report report NN 34823 8626 3 gives give VBZ 34823 8626 4 information information NN 34823 8626 5 regarding regard VBG 34823 8626 6 all all PDT 34823 8626 7 the the DT 34823 8626 8 organized organized JJ 34823 8626 9 exchanges exchange NNS 34823 8626 10 in in IN 34823 8626 11 New New NNP 34823 8626 12 York York NNP 34823 8626 13 . . . 34823 8627 1 [ [ -LRB- 34823 8627 2 278 278 CD 34823 8627 3 ] ] -RRB- 34823 8627 4 L. L. NNP 34823 8627 5 Conant Conant NNP 34823 8627 6 , , , 34823 8627 7 Jr. Jr. NNP 34823 8627 8 , , , 34823 8627 9 " " `` 34823 8627 10 The the DT 34823 8627 11 United United NNP 34823 8627 12 States States NNP 34823 8627 13 Cotton Cotton NNP 34823 8627 14 Futures Futures NNPS 34823 8627 15 Act Act NNP 34823 8627 16 , , , 34823 8627 17 " " '' 34823 8627 18 _ _ NNP 34823 8627 19 American American NNP 34823 8627 20 Economic Economic NNP 34823 8627 21 Review Review NNP 34823 8627 22 _ _ NNP 34823 8627 23 , , , 34823 8627 24 March March NNP 34823 8627 25 , , , 34823 8627 26 1915 1915 CD 34823 8627 27 , , , 34823 8627 28 p. p. NN 34823 8627 29 1 1 CD 34823 8627 30 . . . 34823 8628 1 [ [ -LRB- 34823 8628 2 279 279 CD 34823 8628 3 ] ] -RRB- 34823 8628 4 Hughes Hughes NNP 34823 8628 5 Commission Commission NNP 34823 8628 6 , , , 34823 8628 7 _ _ NNP 34823 8628 8 loc loc NNP 34823 8628 9 . . . 34823 8629 1 cit cit NNP 34823 8629 2 . . . 34823 8629 3 _ _ NNP 34823 8629 4 , , , 34823 8629 5 p. p. NN 34823 8629 6 418 418 CD 34823 8629 7 . . . 34823 8630 1 [ [ -LRB- 34823 8630 2 280 280 CD 34823 8630 3 ] ] -RRB- 34823 8630 4 Taussig Taussig NNS 34823 8630 5 , , , 34823 8630 6 _ _ NNP 34823 8630 7 Principles Principles NNPS 34823 8630 8 of of IN 34823 8630 9 Economics Economics NNP 34823 8630 10 _ _ NNP 34823 8630 11 , , , 34823 8630 12 I -PRON- PRP 34823 8630 13 , , , 34823 8630 14 p. p. NN 34823 8630 15 405 405 CD 34823 8630 16 ; ; : 34823 8630 17 Kinley Kinley NNP 34823 8630 18 , , , 34823 8630 19 _ _ NNP 34823 8630 20 Report Report NNP 34823 8630 21 of of IN 34823 8630 22 the the DT 34823 8630 23 Comptroller Comptroller NNP 34823 8630 24 _ _ NNP 34823 8630 25 for for IN 34823 8630 26 1896 1896 CD 34823 8630 27 , , , 34823 8630 28 p. p. NN 34823 8630 29 89 89 CD 34823 8630 30 . . . 34823 8631 1 [ [ -LRB- 34823 8631 2 281 281 CD 34823 8631 3 ] ] -RRB- 34823 8631 4 This this DT 34823 8631 5 is be VBZ 34823 8631 6 probably probably RB 34823 8631 7 more more RBR 34823 8631 8 extensive extensive JJ 34823 8631 9 in in IN 34823 8631 10 London London NNP 34823 8631 11 than than IN 34823 8631 12 in in IN 34823 8631 13 the the DT 34823 8631 14 United United NNP 34823 8631 15 States States NNP 34823 8631 16 . . . 34823 8632 1 [ [ -LRB- 34823 8632 2 282 282 CD 34823 8632 3 ] ] -RRB- 34823 8632 4 _ _ NNP 34823 8632 5 Loc Loc NNP 34823 8632 6 . . . 34823 8633 1 cit cit NNP 34823 8633 2 . . . 34823 8633 3 _ _ NNP 34823 8633 4 , , , 34823 8633 5 p. p. NN 34823 8633 6 47 47 CD 34823 8633 7 . . . 34823 8634 1 [ [ -LRB- 34823 8634 2 283 283 CD 34823 8634 3 ] ] -RRB- 34823 8634 4 _ _ NNP 34823 8634 5 Loc Loc NNP 34823 8634 6 . . . 34823 8635 1 cit cit NNP 34823 8635 2 . . . 34823 8635 3 _ _ NNP 34823 8635 4 , , , 34823 8635 5 pp pp NNP 34823 8635 6 . . . 34823 8636 1 130 130 CD 34823 8636 2 - - SYM 34823 8636 3 131 131 CD 34823 8636 4 . . . 34823 8637 1 The the DT 34823 8637 2 very very JJ 34823 8637 3 title title NN 34823 8637 4 , , , 34823 8637 5 " " '' 34823 8637 6 _ _ NNP 34823 8637 7 growth growth NN 34823 8637 8 _ _ NNP 34823 8637 9 of of IN 34823 8637 10 business business NN 34823 8637 11 , , , 34823 8637 12 " " '' 34823 8637 13 suggests suggest VBZ 34823 8637 14 the the DT 34823 8637 15 fallacy fallacy NN 34823 8637 16 to to TO 34823 8637 17 which which WDT 34823 8637 18 we -PRON- PRP 34823 8637 19 refer refer VBP 34823 8637 20 in in IN 34823 8637 21 the the DT 34823 8637 22 text text NN 34823 8637 23 , , , 34823 8637 24 namely namely RB 34823 8637 25 , , , 34823 8637 26 that that IN 34823 8637 27 we -PRON- PRP 34823 8637 28 have have VBP 34823 8637 29 a a DT 34823 8637 30 steady steady JJ 34823 8637 31 upward upward JJ 34823 8637 32 movement movement NN 34823 8637 33 , , , 34823 8637 34 with with IN 34823 8637 35 little little JJ 34823 8637 36 variation variation NN 34823 8637 37 . . . 34823 8638 1 This this DT 34823 8638 2 is be VBZ 34823 8638 3 largely largely RB 34823 8638 4 true true JJ 34823 8638 5 of of IN 34823 8638 6 production production NN 34823 8638 7 and and CC 34823 8638 8 consumption consumption NN 34823 8638 9 . . . 34823 8639 1 It -PRON- PRP 34823 8639 2 is be VBZ 34823 8639 3 in in IN 34823 8639 4 no no DT 34823 8639 5 sense sense NN 34823 8639 6 true true JJ 34823 8639 7 of of IN 34823 8639 8 " " `` 34823 8639 9 trade trade NN 34823 8639 10 , , , 34823 8639 11 " " '' 34823 8639 12 as as IN 34823 8639 13 distinguished distinguish VBN 34823 8639 14 from from IN 34823 8639 15 production production NN 34823 8639 16 . . . 34823 8640 1 [ [ -LRB- 34823 8640 2 284 284 CD 34823 8640 3 ] ] -RRB- 34823 8640 4 Kemmerer Kemmerer NNP 34823 8640 5 relied rely VBD 34823 8640 6 on on IN 34823 8640 7 the the DT 34823 8640 8 investigation investigation NN 34823 8640 9 of of IN 34823 8640 10 1896 1896 CD 34823 8640 11 , , , 34823 8640 12 whereas whereas IN 34823 8640 13 Fisher Fisher NNP 34823 8640 14 used use VBD 34823 8640 15 more more JJR 34823 8640 16 the the DT 34823 8640 17 figures figure NNS 34823 8640 18 of of IN 34823 8640 19 1909 1909 CD 34823 8640 20 . . . 34823 8641 1 Kemmerer Kemmerer NNP 34823 8641 2 does do VBZ 34823 8641 3 not not RB 34823 8641 4 , , , 34823 8641 5 in in IN 34823 8641 6 general general JJ 34823 8641 7 , , , 34823 8641 8 assign assign VB 34823 8641 9 an an DT 34823 8641 10 absolute absolute JJ 34823 8641 11 magnitude magnitude NN 34823 8641 12 for for IN 34823 8641 13 " " `` 34823 8641 14 trade trade NN 34823 8641 15 , , , 34823 8641 16 " " '' 34823 8641 17 but but CC 34823 8641 18 for for IN 34823 8641 19 1890 1890 CD 34823 8641 20 he -PRON- PRP 34823 8641 21 gives give VBZ 34823 8641 22 a a DT 34823 8641 23 figure figure NN 34823 8641 24 . . . 34823 8642 1 _ _ NNP 34823 8642 2 Loc Loc NNP 34823 8642 3 . . . 34823 8643 1 cit cit NNP 34823 8643 2 . . . 34823 8643 3 _ _ NNP 34823 8643 4 , , , 34823 8643 5 p. p. NN 34823 8643 6 136 136 CD 34823 8643 7 . . . 34823 8644 1 _ _ NNP 34823 8644 2 d. d. NNP 34823 8644 3 _ _ NNP 34823 8644 4 [ [ -LRB- 34823 8644 5 285 285 CD 34823 8644 6 ] ] -RRB- 34823 8644 7 _ _ NNP 34823 8644 8 Loc Loc NNP 34823 8644 9 . . . 34823 8645 1 cit cit NNP 34823 8645 2 . . . 34823 8645 3 _ _ NNP 34823 8645 4 , , , 34823 8645 5 p. p. NN 34823 8645 6 136 136 CD 34823 8645 7 , , , 34823 8645 8 _ _ NNP 34823 8645 9 d. d. NNP 34823 8645 10 _ _ NNP 34823 8645 11 [ [ -LRB- 34823 8645 12 286 286 CD 34823 8645 13 ] ] -RRB- 34823 8645 14 A a DT 34823 8645 15 recent recent JJ 34823 8645 16 discussion discussion NN 34823 8645 17 of of IN 34823 8645 18 these these DT 34823 8645 19 problems problem NNS 34823 8645 20 is be VBZ 34823 8645 21 to to TO 34823 8645 22 be be VB 34823 8645 23 found find VBN 34823 8645 24 in in IN 34823 8645 25 Shaw Shaw NNP 34823 8645 26 , , , 34823 8645 27 A. a. NN 34823 8645 28 W. W. NNP 34823 8645 29 , , , 34823 8645 30 _ _ NNP 34823 8645 31 Some some DT 34823 8645 32 Problems Problems NNPS 34823 8645 33 in in IN 34823 8645 34 Market Market NNP 34823 8645 35 Distribution Distribution NNP 34823 8645 36 _ _ NNP 34823 8645 37 , , , 34823 8645 38 Harvard Harvard NNP 34823 8645 39 Univ Univ NNP 34823 8645 40 . . . 34823 8646 1 Press Press NNP 34823 8646 2 , , , 34823 8646 3 1915 1915 CD 34823 8646 4 . . . 34823 8647 1 [ [ -LRB- 34823 8647 2 287 287 CD 34823 8647 3 ] ] -RRB- 34823 8647 4 _ _ NNP 34823 8647 5 Op Op NNP 34823 8647 6 . . . 34823 8648 1 cit cit NNP 34823 8648 2 . . . 34823 8648 3 _ _ NNP 34823 8648 4 , , , 34823 8648 5 pp pp NNP 34823 8648 6 . . . 34823 8649 1 51 51 CD 34823 8649 2 - - SYM 34823 8649 3 52 52 CD 34823 8649 4 . . . 34823 8650 1 [ [ -LRB- 34823 8650 2 288 288 CD 34823 8650 3 ] ] -RRB- 34823 8650 4 London London NNP 34823 8650 5 , , , 34823 8650 6 Paris Paris NNP 34823 8650 7 , , , 34823 8650 8 and and CC 34823 8650 9 New New NNP 34823 8650 10 York York NNP 34823 8650 11 all all RB 34823 8650 12 do do VBP 34823 8650 13 a a DT 34823 8650 14 great great JJ 34823 8650 15 deal deal NN 34823 8650 16 of of IN 34823 8650 17 manufacturing manufacturing NN 34823 8650 18 , , , 34823 8650 19 particularly particularly RB 34823 8650 20 of of IN 34823 8650 21 finer fine JJR 34823 8650 22 things thing NNS 34823 8650 23 , , , 34823 8650 24 whose whose WP$ 34823 8650 25 value value NN 34823 8650 26 is be VBZ 34823 8650 27 high high JJ 34823 8650 28 , , , 34823 8650 29 and and CC 34823 8650 30 which which WDT 34823 8650 31 require require VBP 34823 8650 32 a a DT 34823 8650 33 high high JJ 34823 8650 34 proportion proportion NN 34823 8650 35 of of IN 34823 8650 36 labor labor NN 34823 8650 37 , , , 34823 8650 38 as as IN 34823 8650 39 compared compare VBN 34823 8650 40 with with IN 34823 8650 41 machinery machinery NN 34823 8650 42 . . . 34823 8651 1 _ _ NNP 34823 8651 2 Cf Cf NNP 34823 8651 3 . . . 34823 8651 4 _ _ NNP 34823 8651 5 our -PRON- PRP$ 34823 8651 6 discussion discussion NN 34823 8651 7 of of IN 34823 8651 8 the the DT 34823 8651 9 London London NNP 34823 8651 10 " " `` 34823 8651 11 Money Money NNP 34823 8651 12 Market market NN 34823 8651 13 , , , 34823 8651 14 " " '' 34823 8651 15 _ _ NNP 34823 8651 16 infra infra NNP 34823 8651 17 _ _ NNP 34823 8651 18 , , , 34823 8651 19 in in IN 34823 8651 20 Part Part NNP 34823 8651 21 III III NNP 34823 8651 22 . . . 34823 8652 1 [ [ -LRB- 34823 8652 2 289 289 CD 34823 8652 3 ] ] -RRB- 34823 8652 4 _ _ NNP 34823 8652 5 Ibid Ibid NNP 34823 8652 6 . . . 34823 8652 7 _ _ NNP 34823 8652 8 , , , 34823 8652 9 p. p. NN 34823 8652 10 47 47 CD 34823 8652 11 . . . 34823 8653 1 [ [ -LRB- 34823 8653 2 290 290 CD 34823 8653 3 ] ] -RRB- 34823 8653 4 _ _ NNP 34823 8653 5 Cf Cf NNP 34823 8653 6 . . . 34823 8653 7 _ _ NNP 34823 8653 8 Jenks Jenks NNP 34823 8653 9 , , , 34823 8653 10 _ _ NNP 34823 8653 11 The the DT 34823 8653 12 Trust Trust NNP 34823 8653 13 Problem Problem NNP 34823 8653 14 _ _ NNP 34823 8653 15 , , , 34823 8653 16 Rev. Rev. NNP 34823 8654 1 ed ed NNP 34823 8654 2 . . NNP 34823 8654 3 , , , 34823 8654 4 p. p. NN 34823 8654 5 29 29 CD 34823 8654 6 . . . 34823 8655 1 The the DT 34823 8655 2 doctrine doctrine NN 34823 8655 3 that that IN 34823 8655 4 these these DT 34823 8655 5 costs cost NNS 34823 8655 6 are be VBP 34823 8655 7 net net JJ 34823 8655 8 social social JJ 34823 8655 9 loss loss NN 34823 8655 10 is be VBZ 34823 8655 11 challenged challenge VBN 34823 8655 12 by by IN 34823 8655 13 the the DT 34823 8655 14 present present JJ 34823 8655 15 writer writer NN 34823 8655 16 in in IN 34823 8655 17 an an DT 34823 8655 18 article article NN 34823 8655 19 , , , 34823 8655 20 " " `` 34823 8655 21 Competition Competition NNP 34823 8655 22 _ _ NNP 34823 8655 23 vs. vs. IN 34823 8655 24 _ _ NNP 34823 8655 25 Monopoly Monopoly NNP 34823 8655 26 , , , 34823 8655 27 " " `` 34823 8655 28 in in IN 34823 8655 29 the the DT 34823 8655 30 New New NNP 34823 8655 31 York York NNP 34823 8655 32 _ _ NNP 34823 8655 33 Independent Independent NNP 34823 8655 34 _ _ NNP 34823 8655 35 , , , 34823 8655 36 of of IN 34823 8655 37 Oct. October NNP 34823 8655 38 , , , 34823 8655 39 1912 1912 CD 34823 8655 40 . . . 34823 8656 1 [ [ -LRB- 34823 8656 2 291 291 CD 34823 8656 3 ] ] -RRB- 34823 8656 4 " " `` 34823 8656 5 Royal Royal NNP 34823 8656 6 " " '' 34823 8656 7 has have VBZ 34823 8656 8 been be VBN 34823 8656 9 estimated estimate VBN 34823 8656 10 at at IN 34823 8656 11 $ $ $ 34823 8656 12 5,000,000 5,000,000 CD 34823 8656 13 ; ; : 34823 8656 14 " " `` 34823 8656 15 Spearmint Spearmint NNP 34823 8656 16 " " '' 34823 8656 17 at at IN 34823 8656 18 $ $ $ 34823 8656 19 100,000,000 100,000,000 CD 34823 8656 20 . . . 34823 8657 1 Mr. Mr. NNP 34823 8658 1 Guy Guy NNP 34823 8658 2 C. C. NNP 34823 8658 3 Hubbard Hubbard NNP 34823 8658 4 , , , 34823 8658 5 of of IN 34823 8658 6 the the DT 34823 8658 7 _ _ NNP 34823 8658 8 Dry Dry NNP 34823 8658 9 Goods Goods NNP 34823 8658 10 Economist Economist NNP 34823 8658 11 _ _ NNP 34823 8658 12 , , , 34823 8658 13 New New NNP 34823 8658 14 York York NNP 34823 8658 15 , , , 34823 8658 16 has have VBZ 34823 8658 17 given give VBN 34823 8658 18 the the DT 34823 8658 19 writer writer NN 34823 8658 20 some some DT 34823 8658 21 exceedingly exceedingly RB 34823 8658 22 interesting interesting JJ 34823 8658 23 data datum NNS 34823 8658 24 regarding regard VBG 34823 8658 25 the the DT 34823 8658 26 value value NN 34823 8658 27 , , , 34823 8658 28 as as IN 34823 8658 29 bankable bankable JJ 34823 8658 30 collateral collateral NN 34823 8658 31 , , , 34823 8658 32 of of IN 34823 8658 33 various various JJ 34823 8658 34 trade trade NN 34823 8658 35 - - HYPH 34823 8658 36 marks mark NNS 34823 8658 37 and and CC 34823 8658 38 firm firm JJ 34823 8658 39 names name NNS 34823 8658 40 . . . 34823 8659 1 [ [ -LRB- 34823 8659 2 292 292 CD 34823 8659 3 ] ] -RRB- 34823 8659 4 _ _ NNP 34823 8659 5 Cf Cf NNP 34823 8659 6 . . . 34823 8659 7 _ _ NNP 34823 8659 8 our -PRON- PRP$ 34823 8659 9 discussion discussion NN 34823 8659 10 of of IN 34823 8659 11 " " `` 34823 8659 12 The the DT 34823 8659 13 Reconciliation Reconciliation NNP 34823 8659 14 of of IN 34823 8659 15 Statics Statics NNP 34823 8659 16 and and CC 34823 8659 17 Dynamics Dynamics NNP 34823 8659 18 , , , 34823 8659 19 " " '' 34823 8659 20 _ _ NNP 34823 8659 21 infra infra NN 34823 8659 22 . . . 34823 8659 23 _ _ NNP 34823 8659 24 [ [ -LRB- 34823 8659 25 293 293 CD 34823 8659 26 ] ] -RRB- 34823 8659 27 Significant significant JJ 34823 8659 28 in in IN 34823 8659 29 this this DT 34823 8659 30 connection connection NN 34823 8659 31 , , , 34823 8659 32 is be VBZ 34823 8659 33 the the DT 34823 8659 34 contention contention NN 34823 8659 35 of of IN 34823 8659 36 recent recent JJ 34823 8659 37 students student NNS 34823 8659 38 of of IN 34823 8659 39 American american JJ 34823 8659 40 agriculture agriculture NN 34823 8659 41 , , , 34823 8659 42 that that IN 34823 8659 43 the the DT 34823 8659 44 great great JJ 34823 8659 45 need need NN 34823 8659 46 is be VBZ 34823 8659 47 better well JJR 34823 8659 48 organization organization NN 34823 8659 49 and and CC 34823 8659 50 credit credit NN 34823 8659 51 , , , 34823 8659 52 facilities facility NNS 34823 8659 53 for for IN 34823 8659 54 _ _ NNP 34823 8659 55 marketing marketing NN 34823 8659 56 _ _ NNP 34823 8659 57 . . . 34823 8660 1 [ [ -LRB- 34823 8660 2 294 294 CD 34823 8660 3 ] ] -RRB- 34823 8660 4 _ _ NNP 34823 8660 5 Loc Loc NNP 34823 8660 6 . . . 34823 8661 1 cit cit NNP 34823 8661 2 . . . 34823 8661 3 _ _ NNP 34823 8661 4 , , , 34823 8661 5 p. p. NN 34823 8661 6 89 89 CD 34823 8661 7 . . . 34823 8662 1 Though though IN 34823 8662 2 Fisher Fisher NNP 34823 8662 3 does do VBZ 34823 8662 4 not not RB 34823 8662 5 conclude conclude VB 34823 8662 6 that that IN 34823 8662 7 banking banking NN 34823 8662 8 is be VBZ 34823 8662 9 bad bad JJ 34823 8662 10 , , , 34823 8662 11 he -PRON- PRP 34823 8662 12 does do VBZ 34823 8662 13 conclude conclude VB 34823 8662 14 that that IN 34823 8662 15 gold gold NN 34823 8662 16 mining mining NN 34823 8662 17 is be VBZ 34823 8662 18 a a DT 34823 8662 19 parasitic parasitic JJ 34823 8662 20 and and CC 34823 8662 21 socially socially RB 34823 8662 22 injurious injurious JJ 34823 8662 23 industry industry NN 34823 8662 24 , , , 34823 8662 25 like like IN 34823 8662 26 the the DT 34823 8662 27 making making NN 34823 8662 28 of of IN 34823 8662 29 burglars burglar NNS 34823 8662 30 ' ' POS 34823 8662 31 " " `` 34823 8662 32 jimmies jimmy NNS 34823 8662 33 . . . 34823 8662 34 " " '' 34823 8663 1 See see VB 34823 8663 2 his -PRON- PRP$ 34823 8663 3 _ _ NNP 34823 8663 4 Elementary Elementary NNP 34823 8663 5 Principles Principles NNPS 34823 8663 6 of of IN 34823 8663 7 Economics Economics NNP 34823 8663 8 _ _ NNP 34823 8663 9 , , , 34823 8663 10 N. N. NNP 34823 8663 11 Y. Y. NNP 34823 8663 12 , , , 34823 8663 13 1912 1912 CD 34823 8663 14 , , , 34823 8663 15 pp pp NNP 34823 8663 16 . . . 34823 8664 1 499 499 CD 34823 8664 2 - - SYM 34823 8664 3 500 500 CD 34823 8664 4 . . . 34823 8665 1 [ [ -LRB- 34823 8665 2 295 295 CD 34823 8665 3 ] ] -RRB- 34823 8665 4 Fisher Fisher NNP 34823 8665 5 does do VBZ 34823 8665 6 admit admit VB 34823 8665 7 that that IN 34823 8665 8 the the DT 34823 8665 9 _ _ NNP 34823 8665 10 character character NN 34823 8665 11 _ _ NNP 34823 8665 12 of of IN 34823 8665 13 the the DT 34823 8665 14 banking banking NN 34823 8665 15 system system NN 34823 8665 16 , , , 34823 8665 17 and and CC 34823 8665 18 of of IN 34823 8665 19 the the DT 34823 8665 20 money money NN 34823 8665 21 system system NN 34823 8665 22 , , , 34823 8665 23 will will MD 34823 8665 24 affect affect VB 34823 8665 25 the the DT 34823 8665 26 volume volume NN 34823 8665 27 of of IN 34823 8665 28 trade trade NN 34823 8665 29 . . . 34823 8666 1 " " `` 34823 8666 2 There there EX 34823 8666 3 have have VBP 34823 8666 4 been be VBN 34823 8666 5 times time NNS 34823 8666 6 in in IN 34823 8666 7 the the DT 34823 8666 8 history history NN 34823 8666 9 of of IN 34823 8666 10 the the DT 34823 8666 11 world world NN 34823 8666 12 when when WRB 34823 8666 13 money money NN 34823 8666 14 was be VBD 34823 8666 15 in in IN 34823 8666 16 so so RB 34823 8666 17 uncertain uncertain JJ 34823 8666 18 a a DT 34823 8666 19 state state NN 34823 8666 20 that that WDT 34823 8666 21 people people NNS 34823 8666 22 hesitated hesitate VBD 34823 8666 23 to to TO 34823 8666 24 make make VB 34823 8666 25 many many JJ 34823 8666 26 contracts contract NNS 34823 8666 27 because because IN 34823 8666 28 of of IN 34823 8666 29 the the DT 34823 8666 30 lack lack NN 34823 8666 31 of of IN 34823 8666 32 knowledge knowledge NN 34823 8666 33 of of IN 34823 8666 34 what what WP 34823 8666 35 would would MD 34823 8666 36 be be VB 34823 8666 37 required require VBN 34823 8666 38 of of IN 34823 8666 39 them -PRON- PRP 34823 8666 40 when when WRB 34823 8666 41 the the DT 34823 8666 42 contract contract NN 34823 8666 43 should should MD 34823 8666 44 be be VB 34823 8666 45 fulfilled fulfil VBN 34823 8666 46 . . . 34823 8667 1 In in IN 34823 8667 2 the the DT 34823 8667 3 same same JJ 34823 8667 4 way way NN 34823 8667 5 , , , 34823 8667 6 when when WRB 34823 8667 7 people people NNS 34823 8667 8 can can MD 34823 8667 9 not not RB 34823 8667 10 depend depend VB 34823 8667 11 on on IN 34823 8667 12 the the DT 34823 8667 13 good good JJ 34823 8667 14 faith faith NN 34823 8667 15 or or CC 34823 8667 16 stability stability NN 34823 8667 17 of of IN 34823 8667 18 banks bank NNS 34823 8667 19 , , , 34823 8667 20 they -PRON- PRP 34823 8667 21 will will MD 34823 8667 22 hesitate hesitate VB 34823 8667 23 to to TO 34823 8667 24 use use VB 34823 8667 25 deposits deposit NNS 34823 8667 26 and and CC 34823 8667 27 checks check NNS 34823 8667 28 " " '' 34823 8667 29 ( ( -LRB- 34823 8667 30 78 78 CD 34823 8667 31 ) ) -RRB- 34823 8667 32 . . . 34823 8668 1 But but CC 34823 8668 2 there there EX 34823 8668 3 is be VBZ 34823 8668 4 nowhere nowhere RB 34823 8668 5 an an DT 34823 8668 6 admission admission NN 34823 8668 7 that that IN 34823 8668 8 the the DT 34823 8668 9 _ _ NNP 34823 8668 10 amount amount NN 34823 8668 11 _ _ NNP 34823 8668 12 of of IN 34823 8668 13 bank bank NN 34823 8668 14 - - HYPH 34823 8668 15 credit credit NN 34823 8668 16 has have VBZ 34823 8668 17 any any DT 34823 8668 18 influence influence NN 34823 8668 19 on on IN 34823 8668 20 the the DT 34823 8668 21 volume volume NN 34823 8668 22 of of IN 34823 8668 23 trade trade NN 34823 8668 24 , , , 34823 8668 25 and and CC 34823 8668 26 there there EX 34823 8668 27 are be VBP 34823 8668 28 repeated repeat VBN 34823 8668 29 assertions assertion NNS 34823 8668 30 , , , 34823 8668 31 as as IN 34823 8668 32 already already RB 34823 8668 33 instanced instance VBN 34823 8668 34 in in IN 34823 8668 35 the the DT 34823 8668 36 text text NN 34823 8668 37 , , , 34823 8668 38 that that IN 34823 8668 39 the the DT 34823 8668 40 volume volume NN 34823 8668 41 of of IN 34823 8668 42 trade trade NN 34823 8668 43 is be VBZ 34823 8668 44 quite quite RB 34823 8668 45 independent independent JJ 34823 8668 46 of of IN 34823 8668 47 the the DT 34823 8668 48 volume volume NN 34823 8668 49 of of IN 34823 8668 50 money money NN 34823 8668 51 and and CC 34823 8668 52 bank bank NN 34823 8668 53 - - HYPH 34823 8668 54 credit credit NN 34823 8668 55 . . . 34823 8669 1 [ [ -LRB- 34823 8669 2 296 296 CD 34823 8669 3 ] ] -RRB- 34823 8669 4 Part Part NNP 34823 8669 5 IV IV NNP 34823 8669 6 of of IN 34823 8669 7 this this DT 34823 8669 8 book book NN 34823 8669 9 gives give VBZ 34823 8669 10 a a DT 34823 8669 11 detailed detailed JJ 34823 8669 12 analysis analysis NN 34823 8669 13 to to IN 34823 8669 14 the the DT 34823 8669 15 problems problem NNS 34823 8669 16 involved involve VBN 34823 8669 17 in in IN 34823 8669 18 these these DT 34823 8669 19 contrasts contrast NNS 34823 8669 20 . . . 34823 8670 1 [ [ -LRB- 34823 8670 2 297 297 CD 34823 8670 3 ] ] -RRB- 34823 8670 4 This this DT 34823 8670 5 thesis thesis NN 34823 8670 6 was be VBD 34823 8670 7 set set VBN 34823 8670 8 forth forth RP 34823 8670 9 by by IN 34823 8670 10 the the DT 34823 8670 11 present present JJ 34823 8670 12 writer writer NN 34823 8670 13 at at IN 34823 8670 14 the the DT 34823 8670 15 1915 1915 CD 34823 8670 16 meeting meeting NN 34823 8670 17 of of IN 34823 8670 18 the the DT 34823 8670 19 American American NNP 34823 8670 20 Economic Economic NNP 34823 8670 21 Association Association NNP 34823 8670 22 . . . 34823 8671 1 See see VB 34823 8671 2 _ _ NNP 34823 8671 3 Papers Papers NNPS 34823 8671 4 and and CC 34823 8671 5 Proceedings Proceedings NNPS 34823 8671 6 _ _ NNP 34823 8671 7 , , , 34823 8671 8 Supplement Supplement NNP 34823 8671 9 to to IN 34823 8671 10 March March NNP 34823 8671 11 , , , 34823 8671 12 1916 1916 CD 34823 8671 13 , , , 34823 8671 14 _ _ NNP 34823 8671 15 Amer Amer NNP 34823 8671 16 . . . 34823 8672 1 Econ Econ NNP 34823 8672 2 . . . 34823 8673 1 Rev. Rev. NNP 34823 8673 2 _ _ NNP 34823 8673 3 , , , 34823 8673 4 pp pp NNP 34823 8673 5 . . . 34823 8674 1 168 168 CD 34823 8674 2 - - SYM 34823 8674 3 169 169 CD 34823 8674 4 . . . 34823 8675 1 [ [ -LRB- 34823 8675 2 298 298 CD 34823 8675 3 ] ] -RRB- 34823 8675 4 _ _ NNP 34823 8675 5 Cf Cf NNP 34823 8675 6 . . . 34823 8675 7 _ _ NNP 34823 8675 8 J. J. NNP 34823 8676 1 B. B. NNP 34823 8676 2 Clark Clark NNP 34823 8676 3 , , , 34823 8676 4 _ _ NNP 34823 8676 5 Distribution Distribution NNP 34823 8676 6 of of IN 34823 8676 7 Wealth Wealth NNP 34823 8676 8 _ _ NNP 34823 8676 9 , , , 34823 8676 10 _ _ NNP 34823 8676 11 passim passim NN 34823 8676 12 _ _ NNP 34823 8676 13 , , , 34823 8676 14 and and CC 34823 8676 15 J. J. NNP 34823 8676 16 Schumpeter Schumpeter NNP 34823 8676 17 , , , 34823 8676 18 _ _ NNP 34823 8676 19 Theorie Theorie NNP 34823 8676 20 der der NN 34823 8676 21 wirtschaftlichen wirtschaftlichen NNP 34823 8676 22 Entwicklung Entwicklung NNP 34823 8676 23 _ _ NNP 34823 8676 24 , , , 34823 8676 25 pp pp NNP 34823 8676 26 . . . 34823 8677 1 1 1 CD 34823 8677 2 - - SYM 34823 8677 3 101 101 CD 34823 8677 4 . . . 34823 8678 1 See see VB 34823 8678 2 also also RB 34823 8678 3 the the DT 34823 8678 4 present present JJ 34823 8678 5 writer writer NN 34823 8678 6 's 's POS 34823 8678 7 " " `` 34823 8678 8 Schumpeter Schumpeter NNP 34823 8678 9 's 's POS 34823 8678 10 Dynamic Dynamic NNP 34823 8678 11 Economics Economics NNP 34823 8678 12 , , , 34823 8678 13 " " '' 34823 8678 14 _ _ NNP 34823 8678 15 Pol Pol NNP 34823 8678 16 . . . 34823 8679 1 Sci Sci NNP 34823 8679 2 . . . 34823 8680 1 Quart Quart NNP 34823 8680 2 . . . 34823 8680 3 _ _ NNP 34823 8680 4 , , , 34823 8680 5 Dec Dec NNP 34823 8680 6 , , , 34823 8680 7 1915 1915 CD 34823 8680 8 , , , 34823 8680 9 and and CC 34823 8680 10 A. A. NNP 34823 8680 11 S. S. NNP 34823 8680 12 Johnson Johnson NNP 34823 8680 13 , , , 34823 8680 14 in in IN 34823 8680 15 _ _ NNP 34823 8680 16 Quart Quart NNP 34823 8680 17 . . . 34823 8681 1 Jour Jour NNP 34823 8681 2 . . . 34823 8682 1 of of IN 34823 8682 2 Econ Econ NNP 34823 8682 3 . . . 34823 8682 4 _ _ NNP 34823 8682 5 , , , 34823 8682 6 May May NNP 34823 8682 7 , , , 34823 8682 8 1914 1914 CD 34823 8682 9 . . . 34823 8683 1 [ [ -LRB- 34823 8683 2 299 299 CD 34823 8683 3 ] ] -RRB- 34823 8683 4 _ _ NNP 34823 8683 5 Principles Principles NNP 34823 8683 6 _ _ NNP 34823 8683 7 , , , 34823 8683 8 Bk Bk NNP 34823 8683 9 . . . 34823 8684 1 III III NNP 34823 8684 2 , , , 34823 8684 3 ch ch NN 34823 8684 4 . . . 34823 8685 1 xviii xviii NNP 34823 8685 2 , , , 34823 8685 3 par par NNP 34823 8685 4 . . . 34823 8686 1 1 1 LS 34823 8686 2 . . . 34823 8687 1 [ [ -LRB- 34823 8687 2 300 300 CD 34823 8687 3 ] ] -RRB- 34823 8687 4 _ _ NNP 34823 8687 5 Theorie Theorie NNP 34823 8687 6 der der NN 34823 8687 7 wirtschaftlichen wirtschaftlichen NNP 34823 8687 8 Entwicklung Entwicklung NNP 34823 8687 9 _ _ NNP 34823 8687 10 , , , 34823 8687 11 p. p. NN 34823 8687 12 77 77 CD 34823 8687 13 . . . 34823 8688 1 Since since IN 34823 8688 2 the the DT 34823 8688 3 foregoing foregoing NN 34823 8688 4 was be VBD 34823 8688 5 written write VBN 34823 8688 6 , , , 34823 8688 7 Professor Professor NNP 34823 8688 8 W. W. NNP 34823 8688 9 C. C. NNP 34823 8688 10 Mitchell Mitchell NNP 34823 8688 11 has have VBZ 34823 8688 12 presented present VBN 34823 8688 13 an an DT 34823 8688 14 admirable admirable JJ 34823 8688 15 historical historical JJ 34823 8688 16 paper paper NN 34823 8688 17 on on IN 34823 8688 18 " " `` 34823 8688 19 The the DT 34823 8688 20 Rôle Rôle NNP 34823 8688 21 of of IN 34823 8688 22 Money money NN 34823 8688 23 in in IN 34823 8688 24 Economic Economic NNP 34823 8688 25 Theory Theory NNP 34823 8688 26 , , , 34823 8688 27 " " '' 34823 8688 28 in in IN 34823 8688 29 which which WDT 34823 8688 30 he -PRON- PRP 34823 8688 31 has have VBZ 34823 8688 32 multiplied multiply VBN 34823 8688 33 instances instance NNS 34823 8688 34 , , , 34823 8688 35 in in IN 34823 8688 36 the the DT 34823 8688 37 history history NN 34823 8688 38 of of IN 34823 8688 39 the the DT 34823 8688 40 science science NN 34823 8688 41 , , , 34823 8688 42 of of IN 34823 8688 43 this this DT 34823 8688 44 contempt contempt NN 34823 8688 45 for for IN 34823 8688 46 money money NN 34823 8688 47 , , , 34823 8688 48 or or CC 34823 8688 49 abstraction abstraction NN 34823 8688 50 from from IN 34823 8688 51 money money NN 34823 8688 52 , , , 34823 8688 53 in in IN 34823 8688 54 economic economic JJ 34823 8688 55 theory theory NN 34823 8688 56 . . . 34823 8689 1 He -PRON- PRP 34823 8689 2 finds find VBZ 34823 8689 3 that that IN 34823 8689 4 Marshall Marshall NNP 34823 8689 5 , , , 34823 8689 6 and and CC 34823 8689 7 some some DT 34823 8689 8 other other JJ 34823 8689 9 later later JJ 34823 8689 10 writers writer NNS 34823 8689 11 , , , 34823 8689 12 have have VBP 34823 8689 13 given give VBN 34823 8689 14 much much JJ 34823 8689 15 fuller full JJR 34823 8689 16 recognition recognition NN 34823 8689 17 to to IN 34823 8689 18 the the DT 34823 8689 19 rôle rôle NN 34823 8689 20 of of IN 34823 8689 21 money money NN 34823 8689 22 , , , 34823 8689 23 which which WDT 34823 8689 24 he -PRON- PRP 34823 8689 25 conceives conceive VBZ 34823 8689 26 of of IN 34823 8689 27 primarily primarily RB 34823 8689 28 as as IN 34823 8689 29 an an DT 34823 8689 30 institution institution NN 34823 8689 31 which which WDT 34823 8689 32 has have VBZ 34823 8689 33 rationalized rationalize VBN 34823 8689 34 economic economic JJ 34823 8689 35 behavior behavior NN 34823 8689 36 , , , 34823 8689 37 by by IN 34823 8689 38 forcing force VBG 34823 8689 39 upon upon IN 34823 8689 40 the the DT 34823 8689 41 individual individual JJ 34823 8689 42 bookkeeping bookkeepe VBG 34823 8689 43 habits habit NNS 34823 8689 44 of of IN 34823 8689 45 thought thought NN 34823 8689 46 . . . 34823 8690 1 This this DT 34823 8690 2 still still RB 34823 8690 3 leaves leave VBZ 34823 8690 4 it -PRON- PRP 34823 8690 5 legitimate legitimate JJ 34823 8690 6 to to TO 34823 8690 7 abstract abstract VB 34823 8690 8 from from IN 34823 8690 9 money money NN 34823 8690 10 , , , 34823 8690 11 however however RB 34823 8690 12 , , , 34823 8690 13 for for IN 34823 8690 14 " " `` 34823 8690 15 pure pure JJ 34823 8690 16 theory theory NN 34823 8690 17 . . . 34823 8690 18 " " '' 34823 8691 1 Highly highly RB 34823 8691 2 important important JJ 34823 8691 3 as as IN 34823 8691 4 is be VBZ 34823 8691 5 the the DT 34823 8691 6 " " `` 34823 8691 7 measure measure NN 34823 8691 8 of of IN 34823 8691 9 values value NNS 34823 8691 10 " " '' 34823 8691 11 function function NN 34823 8691 12 , , , 34823 8691 13 it -PRON- PRP 34823 8691 14 does do VBZ 34823 8691 15 not not RB 34823 8691 16 explain explain VB 34823 8691 17 the the DT 34823 8691 18 main main JJ 34823 8691 19 work work NN 34823 8691 20 which which WDT 34823 8691 21 money money NN 34823 8691 22 , , , 34823 8691 23 as as IN 34823 8691 24 money money NN 34823 8691 25 , , , 34823 8691 26 actually actually RB 34823 8691 27 _ _ NNP 34823 8691 28 does do VBZ 34823 8691 29 _ _ NNP 34823 8691 30 in in IN 34823 8691 31 economic economic JJ 34823 8691 32 life life NN 34823 8691 33 , , , 34823 8691 34 nor nor CC 34823 8691 35 need need VBP 34823 8691 36 it -PRON- PRP 34823 8691 37 be be VB 34823 8691 38 a a DT 34823 8691 39 source source NN 34823 8691 40 of of IN 34823 8691 41 value value NN 34823 8691 42 for for IN 34823 8691 43 money money NN 34823 8691 44 . . . 34823 8692 1 _ _ NNP 34823 8692 2 Cf Cf NNP 34823 8692 3 . . . 34823 8692 4 _ _ NNP 34823 8692 5 , , , 34823 8692 6 _ _ NNP 34823 8692 7 infra infra NNP 34823 8692 8 _ _ NNP 34823 8692 9 , , , 34823 8692 10 our -PRON- PRP$ 34823 8692 11 chapter chapter NN 34823 8692 12 on on IN 34823 8692 13 " " `` 34823 8692 14 The The NNP 34823 8692 15 Functions Functions NNPS 34823 8692 16 of of IN 34823 8692 17 Money Money NNP 34823 8692 18 . . . 34823 8692 19 " " '' 34823 8693 1 Professor Professor NNP 34823 8693 2 Mitchell Mitchell NNP 34823 8693 3 's 's POS 34823 8693 4 paper paper NN 34823 8693 5 will will MD 34823 8693 6 be be VB 34823 8693 7 found find VBN 34823 8693 8 in in IN 34823 8693 9 " " `` 34823 8693 10 Papers Papers NNPS 34823 8693 11 and and CC 34823 8693 12 Proceedings Proceedings NNPS 34823 8693 13 , , , 34823 8693 14 " " '' 34823 8693 15 Supplement supplement JJ 34823 8693 16 to to IN 34823 8693 17 the the DT 34823 8693 18 March March NNP 34823 8693 19 , , , 34823 8693 20 1916 1916 CD 34823 8693 21 , , , 34823 8693 22 number number NN 34823 8693 23 of of IN 34823 8693 24 the the DT 34823 8693 25 _ _ NNP 34823 8693 26 Am Am NNP 34823 8693 27 . . . 34823 8694 1 Econ Econ NNP 34823 8694 2 . . . 34823 8695 1 Rev. Rev. NNP 34823 8695 2 _ _ NNP 34823 8695 3 [ [ -LRB- 34823 8695 4 301 301 CD 34823 8695 5 ] ] -RRB- 34823 8695 6 The the DT 34823 8695 7 materials material NNS 34823 8695 8 in in IN 34823 8695 9 this this DT 34823 8695 10 appendix appendix NNP 34823 8695 11 are be VBP 34823 8695 12 taken take VBN 34823 8695 13 from from IN 34823 8695 14 an an DT 34823 8695 15 article article NN 34823 8695 16 published publish VBN 34823 8695 17 in in IN 34823 8695 18 the the DT 34823 8695 19 _ _ NNP 34823 8695 20 Annalist Annalist NNP 34823 8695 21 _ _ NNP 34823 8695 22 of of IN 34823 8695 23 Jan. January NNP 34823 8695 24 8 8 CD 34823 8695 25 , , , 34823 8695 26 1917 1917 CD 34823 8695 27 , , , 34823 8695 28 pp pp NNP 34823 8695 29 . . . 34823 8696 1 39 39 CD 34823 8696 2 , , , 34823 8696 3 53 53 CD 34823 8696 4 - - SYM 34823 8696 5 54 54 CD 34823 8696 6 , , , 34823 8696 7 and and CC 34823 8696 8 the the DT 34823 8696 9 New New NNP 34823 8696 10 York York NNP 34823 8696 11 _ _ NNP 34823 8696 12 Times Times NNP 34823 8696 13 _ _ NNP 34823 8696 14 Annual Annual NNP 34823 8696 15 Financial Financial NNP 34823 8696 16 Review Review NNP 34823 8696 17 of of IN 34823 8696 18 Dec. December NNP 34823 8696 19 31 31 CD 34823 8696 20 , , , 34823 8696 21 1916 1916 CD 34823 8696 22 , , , 34823 8696 23 and and CC 34823 8696 24 are be VBP 34823 8696 25 reprinted reprint VBN 34823 8696 26 by by IN 34823 8696 27 the the DT 34823 8696 28 courtesy courtesy NN 34823 8696 29 of of IN 34823 8696 30 the the DT 34823 8696 31 New New NNP 34823 8696 32 York York NNP 34823 8696 33 Times Times NNP 34823 8696 34 Company Company NNP 34823 8696 35 . . . 34823 8697 1 [ [ -LRB- 34823 8697 2 302 302 CD 34823 8697 3 ] ] -RRB- 34823 8697 4 _ _ NNP 34823 8697 5 Vide Vide NNP 34823 8697 6 Annalist Annalist NNP 34823 8697 7 _ _ NNP 34823 8697 8 , , , 34823 8697 9 Feb. February NNP 34823 8697 10 7 7 CD 34823 8697 11 , , , 34823 8697 12 1916 1916 CD 34823 8697 13 , , , 34823 8697 14 pp pp NNP 34823 8697 15 . . . 34823 8698 1 183 183 CD 34823 8698 2 - - SYM 34823 8698 3 184 184 CD 34823 8698 4 , , , 34823 8698 5 and and CC 34823 8698 6 Feb. February NNP 34823 8698 7 21 21 CD 34823 8698 8 , , , 34823 8698 9 1916 1916 CD 34823 8698 10 , , , 34823 8698 11 p. p. NN 34823 8698 12 246 246 CD 34823 8698 13 . . . 34823 8699 1 [ [ -LRB- 34823 8699 2 303 303 CD 34823 8699 3 ] ] -RRB- 34823 8699 4 _ _ NNP 34823 8699 5 Wealth Wealth NNP 34823 8699 6 and and CC 34823 8699 7 Income Income NNP 34823 8699 8 of of IN 34823 8699 9 the the DT 34823 8699 10 People People NNS 34823 8699 11 of of IN 34823 8699 12 the the DT 34823 8699 13 United United NNP 34823 8699 14 States States NNP 34823 8699 15 _ _ NNP 34823 8699 16 , , , 34823 8699 17 p. p. NN 34823 8699 18 129 129 CD 34823 8699 19 . . . 34823 8700 1 [ [ -LRB- 34823 8700 2 304 304 CD 34823 8700 3 ] ] -RRB- 34823 8700 4 The the DT 34823 8700 5 justification justification NN 34823 8700 6 of of IN 34823 8700 7 this this DT 34823 8700 8 procedure procedure NN 34823 8700 9 is be VBZ 34823 8700 10 argued argue VBN 34823 8700 11 more more RBR 34823 8700 12 fully fully RB 34823 8700 13 in in IN 34823 8700 14 my -PRON- PRP$ 34823 8700 15 article article NN 34823 8700 16 in in IN 34823 8700 17 the the DT 34823 8700 18 _ _ NNP 34823 8700 19 Annalist Annalist NNP 34823 8700 20 _ _ NNP 34823 8700 21 of of IN 34823 8700 22 Feb. February NNP 34823 8700 23 7 7 CD 34823 8700 24 , , , 34823 8700 25 1916 1916 CD 34823 8700 26 , , , 34823 8700 27 above above RB 34823 8700 28 referred refer VBD 34823 8700 29 to to IN 34823 8700 30 . . . 34823 8701 1 [ [ -LRB- 34823 8701 2 305 305 CD 34823 8701 3 ] ] -RRB- 34823 8701 4 The the DT 34823 8701 5 figures figure NNS 34823 8701 6 for for IN 34823 8701 7 railway railway NN 34823 8701 8 gross gross JJ 34823 8701 9 receipts receipt NNS 34823 8701 10 are be VBP 34823 8701 11 taken take VBN 34823 8701 12 from from IN 34823 8701 13 the the DT 34823 8701 14 _ _ NNP 34823 8701 15 Commercial Commercial NNP 34823 8701 16 and and CC 34823 8701 17 Financial Financial NNP 34823 8701 18 Chronicle Chronicle NNP 34823 8701 19 _ _ NNP 34823 8701 20 , , , 34823 8701 21 rather rather RB 34823 8701 22 than than IN 34823 8701 23 from from IN 34823 8701 24 Government Government NNP 34823 8701 25 reports report VBZ 34823 8701 26 , , , 34823 8701 27 in in IN 34823 8701 28 order order NN 34823 8701 29 to to TO 34823 8701 30 get get VB 34823 8701 31 figures figure NNS 34823 8701 32 for for IN 34823 8701 33 calendar calendar NN 34823 8701 34 rather rather RB 34823 8701 35 than than IN 34823 8701 36 fiscal fiscal JJ 34823 8701 37 years year NNS 34823 8701 38 , , , 34823 8701 39 and and CC 34823 8701 40 in in IN 34823 8701 41 order order NN 34823 8701 42 to to TO 34823 8701 43 get get VB 34823 8701 44 the the DT 34823 8701 45 latest late JJS 34823 8701 46 possible possible JJ 34823 8701 47 figures figure NNS 34823 8701 48 . . . 34823 8702 1 As as IN 34823 8702 2 the the DT 34823 8702 3 absolute absolute JJ 34823 8702 4 figures figure NNS 34823 8702 5 are be VBP 34823 8702 6 not not RB 34823 8702 7 strictly strictly RB 34823 8702 8 comparable comparable JJ 34823 8702 9 throughout throughout IN 34823 8702 10 , , , 34823 8702 11 the the DT 34823 8702 12 method method NN 34823 8702 13 employed employ VBN 34823 8702 14 has have VBZ 34823 8702 15 been be VBN 34823 8702 16 to to TO 34823 8702 17 calculate calculate VB 34823 8702 18 _ _ NNP 34823 8702 19 percentage percentage NN 34823 8702 20 _ _ NNP 34823 8702 21 gains gain NNS 34823 8702 22 or or CC 34823 8702 23 losses loss NNS 34823 8702 24 for for IN 34823 8702 25 the the DT 34823 8702 26 _ _ NNP 34823 8702 27 same same JJ 34823 8702 28 roads road NNS 34823 8702 29 _ _ NNP 34823 8702 30 for for IN 34823 8702 31 successive successive JJ 34823 8702 32 years year NNS 34823 8702 33 . . . 34823 8703 1 This this DT 34823 8703 2 would would MD 34823 8703 3 lead lead VB 34823 8703 4 to to IN 34823 8703 5 a a DT 34823 8703 6 cumulative cumulative JJ 34823 8703 7 error error NN 34823 8703 8 , , , 34823 8703 9 if if IN 34823 8703 10 large large JJ 34823 8703 11 new new JJ 34823 8703 12 roads road NNS 34823 8703 13 had have VBD 34823 8703 14 been be VBN 34823 8703 15 built build VBN 34823 8703 16 during during IN 34823 8703 17 the the DT 34823 8703 18 period period NN 34823 8703 19 , , , 34823 8703 20 and and CC 34823 8703 21 had have VBD 34823 8703 22 retained retain VBN 34823 8703 23 their -PRON- PRP$ 34823 8703 24 independence independence NN 34823 8703 25 . . . 34823 8704 1 In in IN 34823 8704 2 point point NN 34823 8704 3 of of IN 34823 8704 4 fact fact NN 34823 8704 5 , , , 34823 8704 6 however however RB 34823 8704 7 , , , 34823 8704 8 the the DT 34823 8704 9 curves curve NNS 34823 8704 10 for for IN 34823 8704 11 the the DT 34823 8704 12 absolute absolute JJ 34823 8704 13 figures figure NNS 34823 8704 14 and and CC 34823 8704 15 for for IN 34823 8704 16 the the DT 34823 8704 17 percentage percentage NN 34823 8704 18 changes change NNS 34823 8704 19 run run VBP 34823 8704 20 pretty pretty RB 34823 8704 21 closely closely RB 34823 8704 22 parallel parallel VB 34823 8704 23 down down RP 34823 8704 24 to to IN 34823 8704 25 1909 1909 CD 34823 8704 26 , , , 34823 8704 27 at at IN 34823 8704 28 which which WDT 34823 8704 29 time time NN 34823 8704 30 a a DT 34823 8704 31 large large JJ 34823 8704 32 number number NN 34823 8704 33 of of IN 34823 8704 34 small small JJ 34823 8704 35 roads road NNS 34823 8704 36 , , , 34823 8704 37 not not RB 34823 8704 38 previously previously RB 34823 8704 39 counted count VBN 34823 8704 40 , , , 34823 8704 41 are be VBP 34823 8704 42 brought bring VBN 34823 8704 43 into into IN 34823 8704 44 the the DT 34823 8704 45 figures figure NNS 34823 8704 46 . . . 34823 8705 1 As as IN 34823 8705 2 the the DT 34823 8705 3 number number NN 34823 8705 4 of of IN 34823 8705 5 roads road NNS 34823 8705 6 reported report VBN 34823 8705 7 varies varie NNS 34823 8705 8 , , , 34823 8705 9 the the DT 34823 8705 10 percentage percentage NN 34823 8705 11 changes change VBZ 34823 8705 12 on on IN 34823 8705 13 the the DT 34823 8705 14 same same JJ 34823 8705 15 roads road NNS 34823 8705 16 give give VBP 34823 8705 17 us -PRON- PRP 34823 8705 18 the the DT 34823 8705 19 more more RBR 34823 8705 20 accurate accurate JJ 34823 8705 21 measure measure NN 34823 8705 22 of of IN 34823 8705 23 year year NN 34823 8705 24 by by IN 34823 8705 25 year year NN 34823 8705 26 variation variation NN 34823 8705 27 . . . 34823 8706 1 It -PRON- PRP 34823 8706 2 is be VBZ 34823 8706 3 , , , 34823 8706 4 at at IN 34823 8706 5 the the DT 34823 8706 6 date date NN 34823 8706 7 of of IN 34823 8706 8 writing writing NN 34823 8706 9 ( ( -LRB- 34823 8706 10 December December NNP 34823 8706 11 , , , 34823 8706 12 1916 1916 CD 34823 8706 13 ) ) -RRB- 34823 8706 14 , , , 34823 8706 15 the the DT 34823 8706 16 only only JJ 34823 8706 17 possible possible JJ 34823 8706 18 method method NN 34823 8706 19 for for IN 34823 8706 20 1916 1916 CD 34823 8706 21 , , , 34823 8706 22 since since IN 34823 8706 23 the the DT 34823 8706 24 _ _ NNP 34823 8706 25 Chronicle Chronicle NNP 34823 8706 26 _ _ NNP 34823 8706 27 figures figure NNS 34823 8706 28 which which WDT 34823 8706 29 come come VBP 34823 8706 30 to to IN 34823 8706 31 the the DT 34823 8706 32 end end NN 34823 8706 33 of of IN 34823 8706 34 November November NNP 34823 8706 35 are be VBP 34823 8706 36 based base VBN 34823 8706 37 on on IN 34823 8706 38 only only RB 34823 8706 39 37 37 CD 34823 8706 40 roads road NNS 34823 8706 41 , , , 34823 8706 42 with with IN 34823 8706 43 a a DT 34823 8706 44 mileage mileage NN 34823 8706 45 of of IN 34823 8706 46 84,452 84,452 CD 34823 8706 47 out out IN 34823 8706 48 of of IN 34823 8706 49 over over IN 34823 8706 50 240,000 240,000 CD 34823 8706 51 miles mile NNS 34823 8706 52 usually usually RB 34823 8706 53 reported report VBN 34823 8706 54 . . . 34823 8707 1 For for IN 34823 8707 2 these these DT 34823 8707 3 roads road NNS 34823 8707 4 , , , 34823 8707 5 a a DT 34823 8707 6 gain gain NN 34823 8707 7 of of IN 34823 8707 8 19.63 19.63 CD 34823 8707 9 % % NN 34823 8707 10 , , , 34823 8707 11 for for IN 34823 8707 12 the the DT 34823 8707 13 first first JJ 34823 8707 14 eleven eleven CD 34823 8707 15 months month NNS 34823 8707 16 of of IN 34823 8707 17 1916 1916 CD 34823 8707 18 over over IN 34823 8707 19 the the DT 34823 8707 20 same same JJ 34823 8707 21 months month NNS 34823 8707 22 in in IN 34823 8707 23 1915 1915 CD 34823 8707 24 , , , 34823 8707 25 is be VBZ 34823 8707 26 reported report VBN 34823 8707 27 , , , 34823 8707 28 and and CC 34823 8707 29 our -PRON- PRP$ 34823 8707 30 figures figure NNS 34823 8707 31 for for IN 34823 8707 32 1916 1916 CD 34823 8707 33 rest rest NN 34823 8707 34 on on IN 34823 8707 35 the the DT 34823 8707 36 assumption assumption NN 34823 8707 37 that that IN 34823 8707 38 the the DT 34823 8707 39 gain gain NN 34823 8707 40 for for IN 34823 8707 41 the the DT 34823 8707 42 whole whole JJ 34823 8707 43 year year NN 34823 8707 44 over over IN 34823 8707 45 1915 1915 CD 34823 8707 46 is be VBZ 34823 8707 47 17.27 17.27 CD 34823 8707 48 % % NN 34823 8707 49 . . . 34823 8708 1 ( ( -LRB- 34823 8708 2 The the DT 34823 8708 3 greatest great JJS 34823 8708 4 gains gain NNS 34823 8708 5 are be VBP 34823 8708 6 for for IN 34823 8708 7 the the DT 34823 8708 8 earlier early JJR 34823 8708 9 months month NNS 34823 8708 10 , , , 34823 8708 11 as as IN 34823 8708 12 the the DT 34823 8708 13 end end NN 34823 8708 14 of of IN 34823 8708 15 1915 1915 CD 34823 8708 16 was be VBD 34823 8708 17 a a DT 34823 8708 18 period period NN 34823 8708 19 of of IN 34823 8708 20 great great JJ 34823 8708 21 activity activity NN 34823 8708 22 . . . 34823 8708 23 ) ) -RRB- 34823 8709 1 Much much JJ 34823 8709 2 fuller full JJR 34823 8709 3 figures figure NNS 34823 8709 4 supplied supply VBD 34823 8709 5 me -PRON- PRP 34823 8709 6 by by IN 34823 8709 7 Mr. Mr. NNP 34823 8709 8 Osmund Osmund NNP 34823 8709 9 Phillips Phillips NNP 34823 8709 10 , , , 34823 8709 11 of of IN 34823 8709 12 the the DT 34823 8709 13 _ _ NNP 34823 8709 14 New New NNP 34823 8709 15 York York NNP 34823 8709 16 Times Times NNP 34823 8709 17 _ _ NNP 34823 8709 18 , , , 34823 8709 19 for for IN 34823 8709 20 the the DT 34823 8709 21 first first JJ 34823 8709 22 _ _ NNP 34823 8709 23 ten ten CD 34823 8709 24 _ _ NNP 34823 8709 25 months month NNS 34823 8709 26 of of IN 34823 8709 27 1915 1915 CD 34823 8709 28 and and CC 34823 8709 29 1916 1916 CD 34823 8709 30 serve serve VBP 34823 8709 31 to to TO 34823 8709 32 justify justify VB 34823 8709 33 this this DT 34823 8709 34 estimate estimate NN 34823 8709 35 for for IN 34823 8709 36 the the DT 34823 8709 37 gain gain NN 34823 8709 38 of of IN 34823 8709 39 1916 1916 CD 34823 8709 40 over over IN 34823 8709 41 1915 1915 CD 34823 8709 42 . . . 34823 8710 1 For for IN 34823 8710 2 the the DT 34823 8710 3 _ _ NNP 34823 8710 4 Chronicle Chronicle NNP 34823 8710 5 _ _ NNP 34823 8710 6 data datum NNS 34823 8710 7 , , , 34823 8710 8 see see VB 34823 8710 9 vol vol NNP 34823 8710 10 . . . 34823 8711 1 102 102 CD 34823 8711 2 , , , 34823 8711 3 p. p. NN 34823 8711 4 930 930 CD 34823 8711 5 , , , 34823 8711 6 vol vol NNP 34823 8711 7 . . . 34823 8712 1 103 103 CD 34823 8712 2 , , , 34823 8712 3 p. p. NN 34823 8712 4 2112 2112 CD 34823 8712 5 , , , 34823 8712 6 and and CC 34823 8712 7 _ _ NNP 34823 8712 8 passim passim NN 34823 8712 9 _ _ NNP 34823 8712 10 . . . 34823 8713 1 The the DT 34823 8713 2 index index NN 34823 8713 3 of of IN 34823 8713 4 prices price NNS 34823 8713 5 chosen choose VBN 34823 8713 6 is be VBZ 34823 8713 7 Dun Dun NNP 34823 8713 8 's 's POS 34823 8713 9 . . . 34823 8714 1 ( ( -LRB- 34823 8714 2 See see VB 34823 8714 3 especially especially RB 34823 8714 4 _ _ NNP 34823 8714 5 Dun Dun NNP 34823 8714 6 's 's POS 34823 8714 7 Review Review NNP 34823 8714 8 _ _ NNP 34823 8714 9 of of IN 34823 8714 10 May May NNP 34823 8714 11 11 11 CD 34823 8714 12 , , , 34823 8714 13 1907 1907 CD 34823 8714 14 , , , 34823 8714 15 Jan. January NNP 34823 8714 16 9 9 CD 34823 8714 17 , , , 34823 8714 18 1915 1915 CD 34823 8714 19 , , , 34823 8714 20 and and CC 34823 8714 21 later later JJ 34823 8714 22 months month NNS 34823 8714 23 , , , 34823 8714 24 and and CC 34823 8714 25 the the DT 34823 8714 26 discussion discussion NN 34823 8714 27 of of IN 34823 8714 28 Dun Dun NNP 34823 8714 29 's 's POS 34823 8714 30 index index NN 34823 8714 31 number number NN 34823 8714 32 in in IN 34823 8714 33 the the DT 34823 8714 34 _ _ NNP 34823 8714 35 Bulletin Bulletin NNP 34823 8714 36 of of IN 34823 8714 37 the the DT 34823 8714 38 United United NNP 34823 8714 39 States States NNP 34823 8714 40 Bureau Bureau NNP 34823 8714 41 of of IN 34823 8714 42 Labor Labor NNP 34823 8714 43 Statistics Statistics NNPS 34823 8714 44 _ _ NNP 34823 8714 45 , , , 34823 8714 46 Whole Whole NNP 34823 8714 47 Number number NN 34823 8714 48 173 173 CD 34823 8714 49 , , , 34823 8714 50 July July NNP 34823 8714 51 , , , 34823 8714 52 1915 1915 CD 34823 8714 53 , , , 34823 8714 54 pp pp NNP 34823 8714 55 . . . 34823 8715 1 148 148 CD 34823 8715 2 _ _ NNP 34823 8715 3 et et NNP 34823 8715 4 seq seq NN 34823 8715 5 . . . 34823 8715 6 _ _ NNP 34823 8715 7 ) ) -RRB- 34823 8715 8 Dun Dun NNP 34823 8715 9 's 's POS 34823 8715 10 index index NN 34823 8715 11 number number NN 34823 8715 12 is be VBZ 34823 8715 13 chosen choose VBN 34823 8715 14 partly partly RB 34823 8715 15 because because IN 34823 8715 16 it -PRON- PRP 34823 8715 17 is be VBZ 34823 8715 18 complete complete JJ 34823 8715 19 for for IN 34823 8715 20 1916 1916 CD 34823 8715 21 , , , 34823 8715 22 and and CC 34823 8715 23 partly partly RB 34823 8715 24 because because IN 34823 8715 25 it -PRON- PRP 34823 8715 26 is be VBZ 34823 8715 27 weighted weight VBN 34823 8715 28 in in IN 34823 8715 29 accordance accordance NN 34823 8715 30 with with IN 34823 8715 31 the the DT 34823 8715 32 consumption consumption NN 34823 8715 33 of of IN 34823 8715 34 different different JJ 34823 8715 35 classes class NNS 34823 8715 36 of of IN 34823 8715 37 goods good NNS 34823 8715 38 , , , 34823 8715 39 and and CC 34823 8715 40 so so RB 34823 8715 41 particularly particularly RB 34823 8715 42 suited suited JJ 34823 8715 43 to to IN 34823 8715 44 this this DT 34823 8715 45 inquiry inquiry NN 34823 8715 46 . . . 34823 8716 1 I -PRON- PRP 34823 8716 2 venture venture VBP 34823 8716 3 to to TO 34823 8716 4 express express VB 34823 8716 5 strong strong JJ 34823 8716 6 preference preference NN 34823 8716 7 for for IN 34823 8716 8 rationally rationally RB 34823 8716 9 weighted weight VBN 34823 8716 10 index index NN 34823 8716 11 numbers number NNS 34823 8716 12 , , , 34823 8716 13 and and CC 34823 8716 14 for for IN 34823 8716 15 the the DT 34823 8716 16 use use NN 34823 8716 17 of of IN 34823 8716 18 different different JJ 34823 8716 19 index index NN 34823 8716 20 numbers number NNS 34823 8716 21 for for IN 34823 8716 22 different different JJ 34823 8716 23 purposes purpose NNS 34823 8716 24 . . . 34823 8717 1 ( ( -LRB- 34823 8717 2 _ _ NNP 34823 8717 3 Vide Vide NNP 34823 8717 4 _ _ NNP 34823 8717 5 the the DT 34823 8717 6 discussion discussion NN 34823 8717 7 of of IN 34823 8717 8 index index NN 34823 8717 9 numbers number NNS 34823 8717 10 in in IN 34823 8717 11 ch ch NN 34823 8717 12 . . . 34823 8718 1 19 19 CD 34823 8718 2 . . . 34823 8718 3 ) ) -RRB- 34823 8719 1 Our -PRON- PRP$ 34823 8719 2 price price NN 34823 8719 3 index index NN 34823 8719 4 for for IN 34823 8719 5 each each DT 34823 8719 6 year year NN 34823 8719 7 is be VBZ 34823 8719 8 an an DT 34823 8719 9 average average NN 34823 8719 10 of of IN 34823 8719 11 the the DT 34823 8719 12 twelve twelve CD 34823 8719 13 monthly monthly JJ 34823 8719 14 figures figure NNS 34823 8719 15 given give VBN 34823 8719 16 by by IN 34823 8719 17 Dun Dun NNP 34823 8719 18 from from IN 34823 8719 19 1894 1894 CD 34823 8719 20 to to IN 34823 8719 21 1916 1916 CD 34823 8719 22 . . . 34823 8720 1 For for IN 34823 8720 2 the the DT 34823 8720 3 years year NNS 34823 8720 4 1890 1890 CD 34823 8720 5 - - SYM 34823 8720 6 94 94 CD 34823 8720 7 , , , 34823 8720 8 our -PRON- PRP$ 34823 8720 9 price price NN 34823 8720 10 index index NN 34823 8720 11 is be VBZ 34823 8720 12 an an DT 34823 8720 13 average average NN 34823 8720 14 of of IN 34823 8720 15 the the DT 34823 8720 16 figures figure NNS 34823 8720 17 for for IN 34823 8720 18 January January NNP 34823 8720 19 and and CC 34823 8720 20 July July NNP 34823 8720 21 . . . 34823 8721 1 This this DT 34823 8721 2 average average NN 34823 8721 3 is be VBZ 34823 8721 4 lower low JJR 34823 8721 5 , , , 34823 8721 6 in in IN 34823 8721 7 most most JJS 34823 8721 8 years year NNS 34823 8721 9 , , , 34823 8721 10 than than IN 34823 8721 11 the the DT 34823 8721 12 average average NN 34823 8721 13 for for IN 34823 8721 14 the the DT 34823 8721 15 whole whole JJ 34823 8721 16 year year NN 34823 8721 17 , , , 34823 8721 18 and and CC 34823 8721 19 may may MD 34823 8721 20 well well RB 34823 8721 21 be be VB 34823 8721 22 lower low JJR 34823 8721 23 than than IN 34823 8721 24 the the DT 34823 8721 25 average average NN 34823 8721 26 for for IN 34823 8721 27 these these DT 34823 8721 28 years year NNS 34823 8721 29 , , , 34823 8721 30 but but CC 34823 8721 31 no no DT 34823 8721 32 attempt attempt NN 34823 8721 33 has have VBZ 34823 8721 34 been be VBN 34823 8721 35 made make VBN 34823 8721 36 to to TO 34823 8721 37 rectify rectify VB 34823 8721 38 this this DT 34823 8721 39 possible possible JJ 34823 8721 40 source source NN 34823 8721 41 of of IN 34823 8721 42 error error NN 34823 8721 43 . . . 34823 8722 1 The the DT 34823 8722 2 index index NN 34823 8722 3 is be VBZ 34823 8722 4 recalculated recalculate VBN 34823 8722 5 from from IN 34823 8722 6 Dun Dun NNP 34823 8722 7 's 's POS 34823 8722 8 figures figure NNS 34823 8722 9 ( ( -LRB- 34823 8722 10 where where WRB 34823 8722 11 it -PRON- PRP 34823 8722 12 is be VBZ 34823 8722 13 not not RB 34823 8722 14 a a DT 34823 8722 15 percentage percentage NN 34823 8722 16 , , , 34823 8722 17 but but CC 34823 8722 18 a a DT 34823 8722 19 sum sum NN 34823 8722 20 of of IN 34823 8722 21 prices price NNS 34823 8722 22 ) ) -RRB- 34823 8722 23 , , , 34823 8722 24 and and CC 34823 8722 25 made make VBD 34823 8722 26 a a DT 34823 8722 27 true true JJ 34823 8722 28 percentage percentage NN 34823 8722 29 index index NN 34823 8722 30 , , , 34823 8722 31 with with IN 34823 8722 32 a a DT 34823 8722 33 base base NN 34823 8722 34 in in IN 34823 8722 35 1910 1910 CD 34823 8722 36 . . . 34823 8723 1 The the DT 34823 8723 2 figures figure NNS 34823 8723 3 for for IN 34823 8723 4 exports export NNS 34823 8723 5 and and CC 34823 8723 6 imports import NNS 34823 8723 7 are be VBP 34823 8723 8 for for IN 34823 8723 9 _ _ NNP 34823 8723 10 calendar calendar NN 34823 8723 11 _ _ NNP 34823 8723 12 years year NNS 34823 8723 13 . . . 34823 8724 1 They -PRON- PRP 34823 8724 2 were be VBD 34823 8724 3 obtained obtain VBN 34823 8724 4 , , , 34823 8724 5 for for IN 34823 8724 6 the the DT 34823 8724 7 years year NNS 34823 8724 8 1890 1890 CD 34823 8724 9 - - SYM 34823 8724 10 1909 1909 CD 34823 8724 11 , , , 34823 8724 12 from from IN 34823 8724 13 _ _ NNP 34823 8724 14 Statistics Statistics NNPS 34823 8724 15 of of IN 34823 8724 16 the the DT 34823 8724 17 United United NNP 34823 8724 18 States States NNP 34823 8724 19 , , , 34823 8724 20 1867 1867 CD 34823 8724 21 - - SYM 34823 8724 22 1909 1909 CD 34823 8724 23 _ _ NNP 34823 8724 24 ( ( -LRB- 34823 8724 25 National National NNP 34823 8724 26 Monetary Monetary NNP 34823 8724 27 Commission Commission NNP 34823 8724 28 Report Report NNP 34823 8724 29 ) ) -RRB- 34823 8724 30 , , , 34823 8724 31 and and CC 34823 8724 32 , , , 34823 8724 33 for for IN 34823 8724 34 the the DT 34823 8724 35 years year NNS 34823 8724 36 since since IN 34823 8724 37 1909 1909 CD 34823 8724 38 from from IN 34823 8724 39 the the DT 34823 8724 40 _ _ NNP 34823 8724 41 Commercial Commercial NNP 34823 8724 42 and and CC 34823 8724 43 Financial Financial NNP 34823 8724 44 Chronicle Chronicle NNP 34823 8724 45 _ _ NNP 34823 8724 46 . . . 34823 8725 1 For for IN 34823 8725 2 1916 1916 CD 34823 8725 3 , , , 34823 8725 4 November November NNP 34823 8725 5 and and CC 34823 8725 6 December December NNP 34823 8725 7 are be VBP 34823 8725 8 estimated estimate VBN 34823 8725 9 . . . 34823 8726 1 [ [ -LRB- 34823 8726 2 306 306 CD 34823 8726 3 ] ] -RRB- 34823 8726 4 Their -PRON- PRP$ 34823 8726 5 indicia indicia NN 34823 8726 6 of of IN 34823 8726 7 variation variation NN 34823 8726 8 for for IN 34823 8726 9 " " `` 34823 8726 10 trade trade NN 34823 8726 11 , , , 34823 8726 12 " " '' 34823 8726 13 though though IN 34823 8726 14 failing fail VBG 34823 8726 15 to to TO 34823 8726 16 meet meet VB 34823 8726 17 the the DT 34823 8726 18 problems problem NNS 34823 8726 19 for for IN 34823 8726 20 which which WDT 34823 8726 21 they -PRON- PRP 34823 8726 22 were be VBD 34823 8726 23 designed design VBN 34823 8726 24 , , , 34823 8726 25 as as IN 34823 8726 26 shown show VBN 34823 8726 27 in in IN 34823 8726 28 chs chs NNP 34823 8726 29 . . . 34823 8727 1 13 13 CD 34823 8727 2 and and CC 34823 8727 3 19 19 CD 34823 8727 4 , , , 34823 8727 5 are be VBP 34823 8727 6 good good JJ 34823 8727 7 indicia indicia NN 34823 8727 8 of of IN 34823 8727 9 variation variation NN 34823 8727 10 for for IN 34823 8727 11 physical physical JJ 34823 8727 12 production production NN 34823 8727 13 and and CC 34823 8727 14 consumption consumption NN 34823 8727 15 . . . 34823 8728 1 [ [ -LRB- 34823 8728 2 307 307 CD 34823 8728 3 ] ] -RRB- 34823 8728 4 That that IN 34823 8728 5 this this DT 34823 8728 6 should should MD 34823 8728 7 have have VB 34823 8728 8 been be VBN 34823 8728 9 seriously seriously RB 34823 8728 10 denied deny VBN 34823 8728 11 during during IN 34823 8728 12 the the DT 34823 8728 13 recent recent JJ 34823 8728 14 Presidential presidential JJ 34823 8728 15 campaign campaign NN 34823 8728 16 , , , 34823 8728 17 on on IN 34823 8728 18 the the DT 34823 8728 19 basis basis NN 34823 8728 20 of of IN 34823 8728 21 the the DT 34823 8728 22 estimate estimate NN 34823 8728 23 that that IN 34823 8728 24 foreign foreign JJ 34823 8728 25 trade trade NN 34823 8728 26 is be VBZ 34823 8728 27 minute minute NN 34823 8728 28 as as IN 34823 8728 29 compared compare VBN 34823 8728 30 with with IN 34823 8728 31 domestic domestic JJ 34823 8728 32 trade trade NN 34823 8728 33 , , , 34823 8728 34 gives give VBZ 34823 8728 35 special special JJ 34823 8728 36 point point NN 34823 8728 37 to to IN 34823 8728 38 the the DT 34823 8728 39 present present JJ 34823 8728 40 discussion discussion NN 34823 8728 41 . . . 34823 8729 1 [ [ -LRB- 34823 8729 2 308 308 CD 34823 8729 3 ] ] -RRB- 34823 8729 4 King King NNP 34823 8729 5 's 's POS 34823 8729 6 figures figure NNS 34823 8729 7 , , , 34823 8729 8 for for IN 34823 8729 9 which which WDT 34823 8729 10 he -PRON- PRP 34823 8729 11 estimates estimate VBZ 34823 8729 12 a a DT 34823 8729 13 margin margin NN 34823 8729 14 of of IN 34823 8729 15 error error NN 34823 8729 16 of of IN 34823 8729 17 25 25 CD 34823 8729 18 % % NN 34823 8729 19 are be VBP 34823 8729 20 used use VBN 34823 8729 21 for for IN 34823 8729 22 these these DT 34823 8729 23 years year NNS 34823 8729 24 . . . 34823 8730 1 ( ( -LRB- 34823 8730 2 _ _ NNP 34823 8730 3 Loc Loc NNP 34823 8730 4 . . . 34823 8731 1 cit cit NNP 34823 8731 2 . . . 34823 8731 3 _ _ NNP 34823 8731 4 , , , 34823 8731 5 p. p. NN 34823 8732 1 129 129 CD 34823 8732 2 . . . 34823 8732 3 ) ) -RRB- 34823 8733 1 The the DT 34823 8733 2 export export NN 34823 8733 3 and and CC 34823 8733 4 import import NN 34823 8733 5 figures figure NNS 34823 8733 6 used use VBN 34823 8733 7 are be VBP 34823 8733 8 for for IN 34823 8733 9 fiscal fiscal JJ 34823 8733 10 years year NNS 34823 8733 11 . . . 34823 8734 1 [ [ -LRB- 34823 8734 2 309 309 CD 34823 8734 3 ] ] -RRB- 34823 8734 4 Probably probably RB 34823 8734 5 the the DT 34823 8734 6 apparent apparent JJ 34823 8734 7 moderate moderate JJ 34823 8734 8 increase increase NN 34823 8734 9 in in IN 34823 8734 10 imports import NNS 34823 8734 11 is be VBZ 34823 8734 12 due due JJ 34823 8734 13 wholly wholly RB 34823 8734 14 to to IN 34823 8734 15 higher high JJR 34823 8734 16 prices price NNS 34823 8734 17 . . . 34823 8735 1 The the DT 34823 8735 2 actual actual JJ 34823 8735 3 physical physical JJ 34823 8735 4 volume volume NN 34823 8735 5 has have VBZ 34823 8735 6 possibly possibly RB 34823 8735 7 been be VBN 34823 8735 8 reduced reduce VBN 34823 8735 9 , , , 34823 8735 10 as as IN 34823 8735 11 compared compare VBN 34823 8735 12 with with IN 34823 8735 13 the the DT 34823 8735 14 period period NN 34823 8735 15 before before IN 34823 8735 16 the the DT 34823 8735 17 War war NN 34823 8735 18 . . . 34823 8736 1 [ [ -LRB- 34823 8736 2 310 310 CD 34823 8736 3 ] ] -RRB- 34823 8736 4 I -PRON- PRP 34823 8736 5 am be VBP 34823 8736 6 indebted indebted JJ 34823 8736 7 to to IN 34823 8736 8 several several JJ 34823 8736 9 colleagues colleague NNS 34823 8736 10 for for IN 34823 8736 11 advice advice NN 34823 8736 12 and and CC 34823 8736 13 criticism criticism NN 34823 8736 14 in in IN 34823 8736 15 connection connection NN 34823 8736 16 with with IN 34823 8736 17 these these DT 34823 8736 18 tables table NNS 34823 8736 19 , , , 34823 8736 20 particularly particularly RB 34823 8736 21 Professors Professors NNPS 34823 8736 22 Taussig Taussig NNP 34823 8736 23 and and CC 34823 8736 24 W. W. NNP 34823 8736 25 M. M. NNP 34823 8736 26 Persons Persons NNP 34823 8736 27 . . . 34823 8737 1 Mr. Mr. NNP 34823 8737 2 N. N. NNP 34823 8737 3 J. J. NNP 34823 8737 4 Silberling Silberling NNP 34823 8737 5 has have VBZ 34823 8737 6 been be VBN 34823 8737 7 particularly particularly RB 34823 8737 8 helpful helpful JJ 34823 8737 9 , , , 34823 8737 10 aiding aid VBG 34823 8737 11 in in IN 34823 8737 12 the the DT 34823 8737 13 choice choice NN 34823 8737 14 of of IN 34823 8737 15 the the DT 34823 8737 16 statistical statistical JJ 34823 8737 17 sources source NNS 34823 8737 18 , , , 34823 8737 19 suggesting suggest VBG 34823 8737 20 methods method NNS 34823 8737 21 of of IN 34823 8737 22 handling handle VBG 34823 8737 23 and and CC 34823 8737 24 interpreting interpret VBG 34823 8737 25 them -PRON- PRP 34823 8737 26 , , , 34823 8737 27 and and CC 34823 8737 28 making make VBG 34823 8737 29 virtually virtually RB 34823 8737 30 all all PDT 34823 8737 31 the the DT 34823 8737 32 computations computation NNS 34823 8737 33 in in IN 34823 8737 34 the the DT 34823 8737 35 tables table NNS 34823 8737 36 . . . 34823 8738 1 [ [ -LRB- 34823 8738 2 311 311 CD 34823 8738 3 ] ] -RRB- 34823 8738 4 Retail retail JJ 34823 8738 5 prices price NNS 34823 8738 6 of of IN 34823 8738 7 exports export NNS 34823 8738 8 and and CC 34823 8738 9 imports import NNS 34823 8738 10 are be VBP 34823 8738 11 obtained obtain VBN 34823 8738 12 by by IN 34823 8738 13 adding add VBG 34823 8738 14 50 50 CD 34823 8738 15 % % NN 34823 8738 16 to to IN 34823 8738 17 the the DT 34823 8738 18 wholesale wholesale JJ 34823 8738 19 figures figure NNS 34823 8738 20 reported report VBN 34823 8738 21 , , , 34823 8738 22 on on IN 34823 8738 23 the the DT 34823 8738 24 assumption assumption NN 34823 8738 25 that that IN 34823 8738 26 wholesale wholesale JJ 34823 8738 27 prices price NNS 34823 8738 28 are be VBP 34823 8738 29 two two CD 34823 8738 30 - - HYPH 34823 8738 31 thirds third NNS 34823 8738 32 of of IN 34823 8738 33 retail retail JJ 34823 8738 34 prices price NNS 34823 8738 35 . . . 34823 8739 1 The the DT 34823 8739 2 percentages percentage NNS 34823 8739 3 in in IN 34823 8739 4 the the DT 34823 8739 5 final final JJ 34823 8739 6 column column NN 34823 8739 7 are be VBP 34823 8739 8 obtained obtain VBN 34823 8739 9 by by IN 34823 8739 10 dividing divide VBG 34823 8739 11 the the DT 34823 8739 12 figures figure NNS 34823 8739 13 for for IN 34823 8739 14 foreign foreign JJ 34823 8739 15 trade trade NN 34823 8739 16 by by IN 34823 8739 17 the the DT 34823 8739 18 figures figure NNS 34823 8739 19 for for IN 34823 8739 20 domestic domestic JJ 34823 8739 21 trade trade NN 34823 8739 22 . . . 34823 8740 1 The the DT 34823 8740 2 percentage percentage NN 34823 8740 3 would would MD 34823 8740 4 reach reach VB 34823 8740 5 100 100 CD 34823 8740 6 when when WRB 34823 8740 7 foreign foreign JJ 34823 8740 8 trade trade NN 34823 8740 9 becomes become VBZ 34823 8740 10 equal equal JJ 34823 8740 11 to to IN 34823 8740 12 domestic domestic JJ 34823 8740 13 trade trade NN 34823 8740 14 . . . 34823 8741 1 [ [ -LRB- 34823 8741 2 312 312 CD 34823 8741 3 ] ] -RRB- 34823 8741 4 The the DT 34823 8741 5 figures figure NNS 34823 8741 6 in in IN 34823 8741 7 column column NN 34823 8741 8 4 4 CD 34823 8741 9 are be VBP 34823 8741 10 obtained obtain VBN 34823 8741 11 for for IN 34823 8741 12 any any DT 34823 8741 13 year year NN 34823 8741 14 , , , 34823 8741 15 say say VBP 34823 8741 16 1905 1905 CD 34823 8741 17 , , , 34823 8741 18 by by IN 34823 8741 19 taking take VBG 34823 8741 20 the the DT 34823 8741 21 index index NN 34823 8741 22 in in IN 34823 8741 23 column column NN 34823 8741 24 3 3 CD 34823 8741 25 for for IN 34823 8741 26 1905 1905 CD 34823 8741 27 , , , 34823 8741 28 the the DT 34823 8741 29 index index NN 34823 8741 30 in in IN 34823 8741 31 column column NN 34823 8741 32 3 3 CD 34823 8741 33 for for IN 34823 8741 34 1910 1910 CD 34823 8741 35 , , , 34823 8741 36 and and CC 34823 8741 37 the the DT 34823 8741 38 absolute absolute JJ 34823 8741 39 figure figure NN 34823 8741 40 in in IN 34823 8741 41 column column NN 34823 8741 42 4 4 CD 34823 8741 43 for for IN 34823 8741 44 1910 1910 CD 34823 8741 45 , , , 34823 8741 46 and and CC 34823 8741 47 solving solve VBG 34823 8741 48 by by IN 34823 8741 49 the the DT 34823 8741 50 " " `` 34823 8741 51 rule rule NN 34823 8741 52 of of IN 34823 8741 53 three three CD 34823 8741 54 . . . 34823 8741 55 " " '' 34823 8742 1 [ [ -LRB- 34823 8742 2 313 313 CD 34823 8742 3 ] ] -RRB- 34823 8742 4 The the DT 34823 8742 5 notion notion NN 34823 8742 6 of of IN 34823 8742 7 interdependence interdependence NN 34823 8742 8 need nee MD 34823 8742 9 not not RB 34823 8742 10 involve involve VB 34823 8742 11 circular circular JJ 34823 8742 12 reasoning reasoning NN 34823 8742 13 , , , 34823 8742 14 if if IN 34823 8742 15 the the DT 34823 8742 16 facts fact NNS 34823 8742 17 really really RB 34823 8742 18 justify justify VBP 34823 8742 19 it -PRON- PRP 34823 8742 20 . . . 34823 8743 1 The the DT 34823 8743 2 whole whole JJ 34823 8743 3 cosmos cosmos NN 34823 8743 4 is be VBZ 34823 8743 5 , , , 34823 8743 6 doubtless doubtless RB 34823 8743 7 , , , 34823 8743 8 interdependent interdependent JJ 34823 8743 9 . . . 34823 8744 1 Often often RB 34823 8744 2 certain certain JJ 34823 8744 3 systems system NNS 34823 8744 4 within within IN 34823 8744 5 the the DT 34823 8744 6 cosmos cosmo NNS 34823 8744 7 manifest manifest NN 34823 8744 8 enough enough RB 34823 8744 9 _ _ NNP 34823 8744 10 in_dependence in_dependence NN 34823 8744 11 of of IN 34823 8744 12 the the DT 34823 8744 13 rest rest NN 34823 8744 14 of of IN 34823 8744 15 the the DT 34823 8744 16 universe universe NN 34823 8744 17 to to TO 34823 8744 18 justify justify VB 34823 8744 19 us -PRON- PRP 34823 8744 20 , , , 34823 8744 21 for for IN 34823 8744 22 some some DT 34823 8744 23 purposes purpose NNS 34823 8744 24 , , , 34823 8744 25 in in IN 34823 8744 26 thinking think VBG 34823 8744 27 only only RB 34823 8744 28 of of IN 34823 8744 29 _ _ NNP 34823 8744 30 inter_relations inter_relation NNS 34823 8744 31 within within IN 34823 8744 32 the the DT 34823 8744 33 systems system NNS 34823 8744 34 . . . 34823 8745 1 The the DT 34823 8745 2 important important JJ 34823 8745 3 thing thing NN 34823 8745 4 is be VBZ 34823 8745 5 to to TO 34823 8745 6 make make VB 34823 8745 7 the the DT 34823 8745 8 circle circle NN 34823 8745 9 in in IN 34823 8745 10 theory theory NN 34823 8745 11 as as RB 34823 8745 12 big big JJ 34823 8745 13 as as IN 34823 8745 14 the the DT 34823 8745 15 circle circle NN 34823 8745 16 in in IN 34823 8745 17 fact fact NN 34823 8745 18 . . . 34823 8746 1 _ _ NNP 34823 8746 2 Cf Cf NNP 34823 8746 3 . . . 34823 8747 1 Social Social NNP 34823 8747 2 Value Value NNP 34823 8747 3 _ _ NNP 34823 8747 4 , , , 34823 8747 5 p. p. NN 34823 8747 6 152 152 CD 34823 8747 7 , , , 34823 8747 8 n. n. NNP 34823 8747 9 [ [ -LRB- 34823 8747 10 314 314 CD 34823 8747 11 ] ] -RRB- 34823 8747 12 In in IN 34823 8747 13 chapter chapter NN 34823 8747 14 XVI XVI NNP 34823 8747 15 . . . 34823 8748 1 [ [ -LRB- 34823 8748 2 315 315 CD 34823 8748 3 ] ] -RRB- 34823 8748 4 _ _ NNP 34823 8748 5 Cf Cf NNP 34823 8748 6 . . . 34823 8748 7 _ _ NNP 34823 8748 8 our -PRON- PRP$ 34823 8748 9 chapter chapter NN 34823 8748 10 , , , 34823 8748 11 _ _ NNP 34823 8748 12 infra infra NNP 34823 8748 13 _ _ NNP 34823 8748 14 , , , 34823 8748 15 on on IN 34823 8748 16 " " `` 34823 8748 17 The the DT 34823 8748 18 Quantity Quantity NNP 34823 8748 19 Theory Theory NNP 34823 8748 20 and and CC 34823 8748 21 International International NNP 34823 8748 22 Gold Gold NNP 34823 8748 23 Movements Movements NNPS 34823 8748 24 . . . 34823 8748 25 " " '' 34823 8749 1 [ [ -LRB- 34823 8749 2 316 316 CD 34823 8749 3 ] ] -RRB- 34823 8749 4 Italics Italics NNP 34823 8749 5 mine mine NN 34823 8749 6 . . . 34823 8750 1 [ [ -LRB- 34823 8750 2 317 317 CD 34823 8750 3 ] ] -RRB- 34823 8750 4 _ _ NNP 34823 8750 5 Loc Loc NNP 34823 8750 6 . . . 34823 8751 1 cit cit NNP 34823 8751 2 . . . 34823 8751 3 _ _ NNP 34823 8751 4 , , , 34823 8751 5 p. p. NN 34823 8751 6 165 165 CD 34823 8751 7 . . . 34823 8752 1 [ [ -LRB- 34823 8752 2 318 318 CD 34823 8752 3 ] ] -RRB- 34823 8752 4 The the DT 34823 8752 5 resemblance resemblance NN 34823 8752 6 of of IN 34823 8752 7 the the DT 34823 8752 8 view view NN 34823 8752 9 here here RB 34823 8752 10 maintained maintain VBD 34823 8752 11 to to IN 34823 8752 12 that that DT 34823 8752 13 of of IN 34823 8752 14 Professor Professor NNP 34823 8752 15 Laughlin Laughlin NNP 34823 8752 16 is be VBZ 34823 8752 17 at at IN 34823 8752 18 many many JJ 34823 8752 19 points point NNS 34823 8752 20 close close RB 34823 8752 21 . . . 34823 8753 1 I -PRON- PRP 34823 8753 2 am be VBP 34823 8753 3 indebted indebted JJ 34823 8753 4 to to IN 34823 8753 5 his -PRON- PRP$ 34823 8753 6 _ _ NNP 34823 8753 7 Principles Principles NNPS 34823 8753 8 of of IN 34823 8753 9 Money Money NNP 34823 8753 10 _ _ NNP 34823 8753 11 for for IN 34823 8753 12 many many JJ 34823 8753 13 suggestions suggestion NNS 34823 8753 14 . . . 34823 8754 1 [ [ -LRB- 34823 8754 2 319 319 CD 34823 8754 3 ] ] -RRB- 34823 8754 4 _ _ NNP 34823 8754 5 Loc Loc NNP 34823 8754 6 . . . 34823 8755 1 cit cit NNP 34823 8755 2 . . . 34823 8755 3 _ _ NNP 34823 8755 4 , , , 34823 8755 5 p. p. NN 34823 8755 6 165 165 CD 34823 8755 7 , , , 34823 8755 8 n. n. NN 34823 8755 9 The the DT 34823 8755 10 doctrine doctrine NN 34823 8755 11 is be VBZ 34823 8755 12 reiterated reiterate VBN 34823 8755 13 on on IN 34823 8755 14 p. p. NN 34823 8755 15 168 168 CD 34823 8755 16 . . . 34823 8756 1 [ [ -LRB- 34823 8756 2 320 320 CD 34823 8756 3 ] ] -RRB- 34823 8756 4 This this DT 34823 8756 5 is be VBZ 34823 8756 6 strikingly strikingly RB 34823 8756 7 true true JJ 34823 8756 8 in in IN 34823 8756 9 the the DT 34823 8756 10 stock stock NN 34823 8756 11 market market NN 34823 8756 12 -- -- : 34823 8756 13 the the DT 34823 8756 14 place place NN 34823 8756 15 where where WRB 34823 8756 16 more more JJR 34823 8756 17 trade trade NN 34823 8756 18 takes take VBZ 34823 8756 19 place place NN 34823 8756 20 than than IN 34823 8756 21 in in IN 34823 8756 22 any any DT 34823 8756 23 other other JJ 34823 8756 24 market market NN 34823 8756 25 . . . 34823 8757 1 See see VB 34823 8757 2 the the DT 34823 8757 3 figures figure NNS 34823 8757 4 in in IN 34823 8757 5 the the DT 34823 8757 6 preceding precede VBG 34823 8757 7 chapter chapter NN 34823 8757 8 with with IN 34823 8757 9 reference reference NN 34823 8757 10 to to IN 34823 8757 11 stock stock NN 34823 8757 12 transactions transaction NNS 34823 8757 13 , , , 34823 8757 14 and and CC 34823 8757 15 the the DT 34823 8757 16 chapter chapter NN 34823 8757 17 on on IN 34823 8757 18 " " `` 34823 8757 19 Bank Bank NNP 34823 8757 20 Assets Assets NNPS 34823 8757 21 and and CC 34823 8757 22 Bank Bank NNP 34823 8757 23 Reserves Reserves NNPS 34823 8757 24 . . . 34823 8757 25 " " '' 34823 8758 1 [ [ -LRB- 34823 8758 2 321 321 CD 34823 8758 3 ] ] -RRB- 34823 8758 4 For for IN 34823 8758 5 a a DT 34823 8758 6 history history NN 34823 8758 7 of of IN 34823 8758 8 this this DT 34823 8758 9 debate debate NN 34823 8758 10 , , , 34823 8758 11 with with IN 34823 8758 12 bibliography bibliography NN 34823 8758 13 , , , 34823 8758 14 see see VB 34823 8758 15 Laughlin Laughlin NNP 34823 8758 16 's 's POS 34823 8758 17 _ _ NNP 34823 8758 18 Principles Principles NNPS 34823 8758 19 of of IN 34823 8758 20 Money Money NNP 34823 8758 21 _ _ NNP 34823 8758 22 , , , 34823 8758 23 ch ch NN 34823 8758 24 . . . 34823 8759 1 7 7 LS 34823 8759 2 , , , 34823 8759 3 on on IN 34823 8759 4 the the DT 34823 8759 5 " " `` 34823 8759 6 History History NNP 34823 8759 7 and and CC 34823 8759 8 Literature Literature NNP 34823 8759 9 of of IN 34823 8759 10 the the DT 34823 8759 11 Quantity Quantity NNP 34823 8759 12 Theory Theory NNP 34823 8759 13 , , , 34823 8759 14 " " '' 34823 8759 15 esp esp RB 34823 8759 16 . . . 34823 8760 1 pp pp NNP 34823 8760 2 . . . 34823 8761 1 260 260 CD 34823 8761 2 and and CC 34823 8761 3 263 263 CD 34823 8761 4 - - SYM 34823 8761 5 264 264 CD 34823 8761 6 . . . 34823 8762 1 Laughlin Laughlin NNP 34823 8762 2 shows show VBZ 34823 8762 3 the the DT 34823 8762 4 connection connection NN 34823 8762 5 of of IN 34823 8762 6 the the DT 34823 8762 7 currency currency NN 34823 8762 8 principle principle NN 34823 8762 9 and and CC 34823 8762 10 the the DT 34823 8762 11 quantity quantity NN 34823 8762 12 theory theory NN 34823 8762 13 . . . 34823 8763 1 [ [ -LRB- 34823 8763 2 322 322 CD 34823 8763 3 ] ] -RRB- 34823 8763 4 It -PRON- PRP 34823 8763 5 may may MD 34823 8763 6 be be VB 34823 8763 7 that that IN 34823 8763 8 in in IN 34823 8763 9 the the DT 34823 8763 10 brief brief JJ 34823 8763 11 discussion discussion NN 34823 8763 12 of of IN 34823 8763 13 elastic elastic JJ 34823 8763 14 bank bank NN 34823 8763 15 - - HYPH 34823 8763 16 notes note NNS 34823 8763 17 on on IN 34823 8763 18 p. p. NN 34823 8763 19 173 173 CD 34823 8763 20 ( ( -LRB- 34823 8763 21 _ _ NNP 34823 8763 22 loc loc NNP 34823 8763 23 . . . 34823 8764 1 cit cit NNP 34823 8764 2 . . . 34823 8764 3 _ _ NNP 34823 8764 4 ) ) -RRB- 34823 8764 5 , , , 34823 8764 6 Fisher Fisher NNP 34823 8764 7 means mean VBZ 34823 8764 8 to to TO 34823 8764 9 given give VBN 34823 8764 10 an an DT 34823 8764 11 explanation explanation NN 34823 8764 12 of of IN 34823 8764 13 the the DT 34823 8764 14 theory theory NN 34823 8764 15 of of IN 34823 8764 16 elasticity elasticity NN 34823 8764 17 from from IN 34823 8764 18 a a DT 34823 8764 19 quantity quantity NN 34823 8764 20 theory theory NN 34823 8764 21 standpoint standpoint NN 34823 8764 22 . . . 34823 8765 1 The the DT 34823 8765 2 statement statement NN 34823 8765 3 there there EX 34823 8765 4 is be VBZ 34823 8765 5 that that DT 34823 8765 6 money money NN 34823 8765 7 not not RB 34823 8765 8 only only RB 34823 8765 9 tends tend VBZ 34823 8765 10 to to TO 34823 8765 11 flow flow VB 34823 8765 12 away away RB 34823 8765 13 from from IN 34823 8765 14 _ _ NNP 34823 8765 15 places place NNS 34823 8765 16 _ _ NNP 34823 8765 17 where where WRB 34823 8765 18 prices price NNS 34823 8765 19 are be VBP 34823 8765 20 high high JJ 34823 8765 21 , , , 34823 8765 22 but but CC 34823 8765 23 also also RB 34823 8765 24 from from IN 34823 8765 25 _ _ NNP 34823 8765 26 times times NNP 34823 8765 27 _ _ NNP 34823 8765 28 when when WRB 34823 8765 29 money money NN 34823 8765 30 is be VBZ 34823 8765 31 high high JJ 34823 8765 32 . . . 34823 8766 1 " " `` 34823 8766 2 If if IN 34823 8766 3 the the DT 34823 8766 4 price price NN 34823 8766 5 - - HYPH 34823 8766 6 level level NN 34823 8766 7 is be VBZ 34823 8766 8 high high JJ 34823 8766 9 in in IN 34823 8766 10 January January NNP 34823 8766 11 as as IN 34823 8766 12 compared compare VBN 34823 8766 13 with with IN 34823 8766 14 the the DT 34823 8766 15 rest rest NN 34823 8766 16 of of IN 34823 8766 17 the the DT 34823 8766 18 year year NN 34823 8766 19 , , , 34823 8766 20 bank bank NN 34823 8766 21 - - HYPH 34823 8766 22 notes note NNS 34823 8766 23 will will MD 34823 8766 24 not not RB 34823 8766 25 tend tend VB 34823 8766 26 to to TO 34823 8766 27 be be VB 34823 8766 28 issued issue VBN 34823 8766 29 in in IN 34823 8766 30 large large JJ 34823 8766 31 quantities quantity NNS 34823 8766 32 then then RB 34823 8766 33 . . . 34823 8767 1 On on IN 34823 8767 2 the the DT 34823 8767 3 contrary contrary NN 34823 8767 4 , , , 34823 8767 5 people people NNS 34823 8767 6 will will MD 34823 8767 7 seek seek VB 34823 8767 8 to to TO 34823 8767 9 avoid avoid VB 34823 8767 10 paying pay VBG 34823 8767 11 money money NN 34823 8767 12 at at IN 34823 8767 13 high high JJ 34823 8767 14 prices price NNS 34823 8767 15 and and CC 34823 8767 16 wait wait VB 34823 8767 17 till till IN 34823 8767 18 prices price NNS 34823 8767 19 are be VBP 34823 8767 20 lower low JJR 34823 8767 21 . . . 34823 8768 1 When when WRB 34823 8768 2 that that DT 34823 8768 3 time time NN 34823 8768 4 comes come VBZ 34823 8768 5 they -PRON- PRP 34823 8768 6 may may MD 34823 8768 7 need need VB 34823 8768 8 more more JJR 34823 8768 9 currency currency NN 34823 8768 10 ; ; : 34823 8768 11 bank bank NN 34823 8768 12 - - HYPH 34823 8768 13 notes note NNS 34823 8768 14 and and CC 34823 8768 15 deposits deposit NNS 34823 8768 16 may may MD 34823 8768 17 then then RB 34823 8768 18 expand expand VB 34823 8768 19 to to TO 34823 8768 20 meet meet VB 34823 8768 21 the the DT 34823 8768 22 excessive excessive JJ 34823 8768 23 demand demand NN 34823 8768 24 for for IN 34823 8768 25 loans loan NNS 34823 8768 26 which which WDT 34823 8768 27 may may MD 34823 8768 28 ensue ensue VB 34823 8768 29 . . . 34823 8769 1 Thus thus RB 34823 8769 2 currency currency NN 34823 8769 3 expands expand VBZ 34823 8769 4 when when WRB 34823 8769 5 prices price NNS 34823 8769 6 are be VBP 34823 8769 7 low low JJ 34823 8769 8 and and CC 34823 8769 9 contracts contract NNS 34823 8769 10 when when WRB 34823 8769 11 prices price NNS 34823 8769 12 are be VBP 34823 8769 13 high high JJ 34823 8769 14 , , , 34823 8769 15 and and CC 34823 8769 16 such such JJ 34823 8769 17 expansions expansion NNS 34823 8769 18 and and CC 34823 8769 19 contractions contraction NNS 34823 8769 20 tend tend VBP 34823 8769 21 to to TO 34823 8769 22 lower lower VB 34823 8769 23 the the DT 34823 8769 24 high high JJ 34823 8769 25 prices price NNS 34823 8769 26 and and CC 34823 8769 27 to to TO 34823 8769 28 raise raise VB 34823 8769 29 the the DT 34823 8769 30 low low JJ 34823 8769 31 prices price NNS 34823 8769 32 , , , 34823 8769 33 thus thus RB 34823 8769 34 working work VBG 34823 8769 35 toward toward IN 34823 8769 36 mutual mutual JJ 34823 8769 37 equality equality NN 34823 8769 38 . . . 34823 8769 39 " " '' 34823 8770 1 If if IN 34823 8770 2 this this DT 34823 8770 3 be be VB 34823 8770 4 the the DT 34823 8770 5 quantity quantity NN 34823 8770 6 theory theory NN 34823 8770 7 account account NN 34823 8770 8 of of IN 34823 8770 9 elasticity elasticity NN 34823 8770 10 -- -- : 34823 8770 11 and and CC 34823 8770 12 it -PRON- PRP 34823 8770 13 would would MD 34823 8770 14 seem seem VB 34823 8770 15 to to TO 34823 8770 16 be be VB 34823 8770 17 about about IN 34823 8770 18 the the DT 34823 8770 19 only only JJ 34823 8770 20 thing thing NN 34823 8770 21 the the DT 34823 8770 22 quantity quantity NN 34823 8770 23 theory theory NN 34823 8770 24 could could MD 34823 8770 25 say say VB 34823 8770 26 -- -- : 34823 8770 27 it -PRON- PRP 34823 8770 28 is be VBZ 34823 8770 29 about about RB 34823 8770 30 as as RB 34823 8770 31 far far RB 34823 8770 32 from from IN 34823 8770 33 giving give VBG 34823 8770 34 an an DT 34823 8770 35 account account NN 34823 8770 36 of of IN 34823 8770 37 the the DT 34823 8770 38 real real JJ 34823 8770 39 facts fact NNS 34823 8770 40 as as IN 34823 8770 41 any any DT 34823 8770 42 theory theory NN 34823 8770 43 could could MD 34823 8770 44 be be VB 34823 8770 45 ! ! . 34823 8771 1 Something something NN 34823 8771 2 of of IN 34823 8771 3 this this DT 34823 8771 4 sort sort NN 34823 8771 5 is be VBZ 34823 8771 6 suggested suggest VBN 34823 8771 7 , , , 34823 8771 8 perhaps perhaps RB 34823 8771 9 , , , 34823 8771 10 by by IN 34823 8771 11 the the DT 34823 8771 12 behavior behavior NN 34823 8771 13 of of IN 34823 8771 14 Canadian canadian JJ 34823 8771 15 bank bank NN 34823 8771 16 - - HYPH 34823 8771 17 notes note NNS 34823 8771 18 , , , 34823 8771 19 which which WDT 34823 8771 20 do do VBP 34823 8771 21 expand expand VB 34823 8771 22 in in IN 34823 8771 23 the the DT 34823 8771 24 fall fall NN 34823 8771 25 , , , 34823 8771 26 when when WRB 34823 8771 27 prices price NNS 34823 8771 28 of of IN 34823 8771 29 wheat wheat NN 34823 8771 30 are be VBP 34823 8771 31 lowest low JJS 34823 8771 32 , , , 34823 8771 33 and and CC 34823 8771 34 contract contract NN 34823 8771 35 in in IN 34823 8771 36 January January NNP 34823 8771 37 , , , 34823 8771 38 when when WRB 34823 8771 39 wheat wheat NN 34823 8771 40 prices price NNS 34823 8771 41 are be VBP 34823 8771 42 higher high JJR 34823 8771 43 . . . 34823 8772 1 This this DT 34823 8772 2 grows grow VBZ 34823 8772 3 , , , 34823 8772 4 however however RB 34823 8772 5 , , , 34823 8772 6 out out IN 34823 8772 7 of of IN 34823 8772 8 the the DT 34823 8772 9 peculiarities peculiarity NNS 34823 8772 10 of of IN 34823 8772 11 an an DT 34823 8772 12 agricultural agricultural JJ 34823 8772 13 country country NN 34823 8772 14 , , , 34823 8772 15 and and CC 34823 8772 16 does do VBZ 34823 8772 17 not not RB 34823 8772 18 at at RB 34823 8772 19 all all RB 34823 8772 20 illustrate illustrate VB 34823 8772 21 the the DT 34823 8772 22 general general JJ 34823 8772 23 doctrine doctrine NN 34823 8772 24 maintained maintain VBD 34823 8772 25 . . . 34823 8773 1 First first RB 34823 8773 2 , , , 34823 8773 3 wheat wheat NN 34823 8773 4 prices price NNS 34823 8773 5 in in IN 34823 8773 6 the the DT 34823 8773 7 fall fall NN 34823 8773 8 are be VBP 34823 8773 9 low low JJ 34823 8773 10 because because IN 34823 8773 11 wheat wheat NN 34823 8773 12 is be VBZ 34823 8773 13 most most RBS 34823 8773 14 abundant abundant JJ 34823 8773 15 then then RB 34823 8773 16 . . . 34823 8774 1 Wheat wheat NN 34823 8774 2 prices price NNS 34823 8774 3 in in IN 34823 8774 4 January January NNP 34823 8774 5 , , , 34823 8774 6 under under IN 34823 8774 7 the the DT 34823 8774 8 influence influence NN 34823 8774 9 of of IN 34823 8774 10 speculation speculation NN 34823 8774 11 , , , 34823 8774 12 commonly commonly RB 34823 8774 13 differ differ VB 34823 8774 14 from from IN 34823 8774 15 wheat wheat NN 34823 8774 16 prices price NNS 34823 8774 17 in in IN 34823 8774 18 the the DT 34823 8774 19 fall fall NN 34823 8774 20 by by IN 34823 8774 21 an an DT 34823 8774 22 amount amount NN 34823 8774 23 about about RB 34823 8774 24 equal equal JJ 34823 8774 25 to to IN 34823 8774 26 the the DT 34823 8774 27 elevator elevator NN 34823 8774 28 charges charge NNS 34823 8774 29 , , , 34823 8774 30 rattage rattage NN 34823 8774 31 , , , 34823 8774 32 insurance insurance NN 34823 8774 33 , , , 34823 8774 34 interest interest NN 34823 8774 35 , , , 34823 8774 36 and and CC 34823 8774 37 other other JJ 34823 8774 38 carrying carry VBG 34823 8774 39 charges charge NNS 34823 8774 40 involved involve VBN 34823 8774 41 . . . 34823 8775 1 Second second RB 34823 8775 2 , , , 34823 8775 3 wheat wheat NN 34823 8775 4 prices price NNS 34823 8775 5 are be VBP 34823 8775 6 only only RB 34823 8775 7 one one CD 34823 8775 8 element element NN 34823 8775 9 in in IN 34823 8775 10 the the DT 34823 8775 11 general general JJ 34823 8775 12 price price NN 34823 8775 13 - - HYPH 34823 8775 14 level level NN 34823 8775 15 . . . 34823 8776 1 Low low JJ 34823 8776 2 wheat wheat NN 34823 8776 3 does do VBZ 34823 8776 4 not not RB 34823 8776 5 prove prove VB 34823 8776 6 that that IN 34823 8776 7 the the DT 34823 8776 8 level level NN 34823 8776 9 is be VBZ 34823 8776 10 necessarily necessarily RB 34823 8776 11 low low JJ 34823 8776 12 . . . 34823 8777 1 A a DT 34823 8777 2 good good JJ 34823 8777 3 wheat wheat NN 34823 8777 4 crop crop NN 34823 8777 5 may may MD 34823 8777 6 mean mean VB 34823 8777 7 increases increase NNS 34823 8777 8 in in IN 34823 8777 9 general general JJ 34823 8777 10 prices price NNS 34823 8777 11 , , , 34823 8777 12 and and CC 34823 8777 13 often often RB 34823 8777 14 does do VBZ 34823 8777 15 . . . 34823 8778 1 Third third JJ 34823 8778 2 , , , 34823 8778 3 and and CC 34823 8778 4 more more RBR 34823 8778 5 important important JJ 34823 8778 6 , , , 34823 8778 7 the the DT 34823 8778 8 real real JJ 34823 8778 9 reason reason NN 34823 8778 10 for for IN 34823 8778 11 an an DT 34823 8778 12 expansion expansion NN 34823 8778 13 in in IN 34823 8778 14 Canadian canadian JJ 34823 8778 15 notes note NNS 34823 8778 16 at at IN 34823 8778 17 such such PDT 34823 8778 18 a a DT 34823 8778 19 time time NN 34823 8778 20 is be VBZ 34823 8778 21 that that IN 34823 8778 22 the the DT 34823 8778 23 wheat wheat NN 34823 8778 24 _ _ NNP 34823 8778 25 has have VBZ 34823 8778 26 to to TO 34823 8778 27 be be VB 34823 8778 28 moved move VBN 34823 8778 29 _ _ NNP 34823 8778 30 . . . 34823 8779 1 The the DT 34823 8779 2 farmers farmer NNS 34823 8779 3 do do VBP 34823 8779 4 not not RB 34823 8779 5 want want VB 34823 8779 6 to to TO 34823 8779 7 carry carry VB 34823 8779 8 it -PRON- PRP 34823 8779 9 ; ; : 34823 8779 10 the the DT 34823 8779 11 speculators speculator NNS 34823 8779 12 are be VBP 34823 8779 13 ready ready JJ 34823 8779 14 to to TO 34823 8779 15 carry carry VB 34823 8779 16 it -PRON- PRP 34823 8779 17 ; ; : 34823 8779 18 and and CC 34823 8779 19 it -PRON- PRP 34823 8779 20 must must MD 34823 8779 21 be be VB 34823 8779 22 sold sell VBN 34823 8779 23 . . . 34823 8780 1 Expanding expand VBG 34823 8780 2 _ _ NNP 34823 8780 3 trade trade NN 34823 8780 4 _ _ NNP 34823 8780 5 , , , 34823 8780 6 at at IN 34823 8780 7 the the DT 34823 8780 8 season season NN 34823 8780 9 , , , 34823 8780 10 is be VBZ 34823 8780 11 the the DT 34823 8780 12 cause cause NN 34823 8780 13 of of IN 34823 8780 14 expanding expand VBG 34823 8780 15 bank bank NN 34823 8780 16 - - HYPH 34823 8780 17 notes note NNS 34823 8780 18 . . . 34823 8781 1 The the DT 34823 8781 2 influence influence NN 34823 8781 3 of of IN 34823 8781 4 the the DT 34823 8781 5 _ _ NNP 34823 8781 6 price price NN 34823 8781 7 _ _ NNP 34823 8781 8 of of IN 34823 8781 9 wheat wheat NN 34823 8781 10 is be VBZ 34823 8781 11 exactly exactly RB 34823 8781 12 the the DT 34823 8781 13 reverse reverse NN 34823 8781 14 of of IN 34823 8781 15 that that DT 34823 8781 16 which which WDT 34823 8781 17 Fisher Fisher NNP 34823 8781 18 assigns assign VBZ 34823 8781 19 . . . 34823 8782 1 If if IN 34823 8782 2 the the DT 34823 8782 3 price price NN 34823 8782 4 of of IN 34823 8782 5 wheat wheat NN 34823 8782 6 is be VBZ 34823 8782 7 low low JJ 34823 8782 8 in in IN 34823 8782 9 the the DT 34823 8782 10 crop crop NN 34823 8782 11 - - HYPH 34823 8782 12 moving move VBG 34823 8782 13 season season NN 34823 8782 14 , , , 34823 8782 15 _ _ NNP 34823 8782 16 less less RBR 34823 8782 17 _ _ NNP 34823 8782 18 notes note NNS 34823 8782 19 will will MD 34823 8782 20 be be VB 34823 8782 21 issued issue VBN 34823 8782 22 than than IN 34823 8782 23 if if IN 34823 8782 24 the the DT 34823 8782 25 price price NN 34823 8782 26 is be VBZ 34823 8782 27 high high JJ 34823 8782 28 . . . 34823 8783 1 In in IN 34823 8783 2 other other JJ 34823 8783 3 words word NNS 34823 8783 4 , , , 34823 8783 5 the the DT 34823 8783 6 greater great JJR 34823 8783 7 the the DT 34823 8783 8 increase increase NN 34823 8783 9 in in IN 34823 8783 10 PT PT NNP 34823 8783 11 , , , 34823 8783 12 not not RB 34823 8783 13 P p NN 34823 8783 14 or or CC 34823 8783 15 T t NN 34823 8783 16 alone alone RB 34823 8783 17 , , , 34823 8783 18 the the DT 34823 8783 19 greater great JJR 34823 8783 20 will will MD 34823 8783 21 be be VB 34823 8783 22 the the DT 34823 8783 23 expansion expansion NN 34823 8783 24 of of IN 34823 8783 25 bank bank NN 34823 8783 26 - - HYPH 34823 8783 27 notes note NNS 34823 8783 28 . . . 34823 8784 1 Decrease decrease VB 34823 8784 2 either either CC 34823 8784 3 P p NN 34823 8784 4 or or CC 34823 8784 5 T t NN 34823 8784 6 , , , 34823 8784 7 and and CC 34823 8784 8 less less JJR 34823 8784 9 notes note NNS 34823 8784 10 will will MD 34823 8784 11 be be VB 34823 8784 12 issued issue VBN 34823 8784 13 . . . 34823 8785 1 In in IN 34823 8785 2 general general JJ 34823 8785 3 , , , 34823 8785 4 the the DT 34823 8785 5 phenomenon phenomenon NN 34823 8785 6 of of IN 34823 8785 7 elastic elastic JJ 34823 8785 8 bank bank NN 34823 8785 9 - - HYPH 34823 8785 10 credit credit NN 34823 8785 11 is be VBZ 34823 8785 12 the the DT 34823 8785 13 phenomenon phenomenon NN 34823 8785 14 of of IN 34823 8785 15 an an DT 34823 8785 16 expanding expand VBG 34823 8785 17 bank bank NN 34823 8785 18 - - HYPH 34823 8785 19 note note NN 34823 8785 20 or or CC 34823 8785 21 deposit deposit NN 34823 8785 22 issue issue NN 34823 8785 23 accompanied accompany VBN 34823 8785 24 by by IN 34823 8785 25 rising rise VBG 34823 8785 26 prices price NNS 34823 8785 27 and and CC 34823 8785 28 volume volume NN 34823 8785 29 of of IN 34823 8785 30 trade trade NN 34823 8785 31 , , , 34823 8785 32 and and CC 34823 8785 33 a a DT 34823 8785 34 decrease decrease NN 34823 8785 35 when when WRB 34823 8785 36 trade trade NN 34823 8785 37 and and CC 34823 8785 38 prices price NNS 34823 8785 39 decrease decrease VBP 34823 8785 40 . . . 34823 8786 1 This this DT 34823 8786 2 is be VBZ 34823 8786 3 all all DT 34823 8786 4 commonplace commonplace JJ 34823 8786 5 , , , 34823 8786 6 but but CC 34823 8786 7 I -PRON- PRP 34823 8786 8 feel feel VBP 34823 8786 9 it -PRON- PRP 34823 8786 10 best good JJS 34823 8786 11 to to TO 34823 8786 12 refer refer VB 34823 8786 13 to to IN 34823 8786 14 familiar familiar JJ 34823 8786 15 sources source NNS 34823 8786 16 to to TO 34823 8786 17 show show VB 34823 8786 18 how how WRB 34823 8786 19 old old JJ 34823 8786 20 and and CC 34823 8786 21 well well RB 34823 8786 22 recognized recognize VBN 34823 8786 23 my -PRON- PRP$ 34823 8786 24 statement statement NN 34823 8786 25 of of IN 34823 8786 26 the the DT 34823 8786 27 case case NN 34823 8786 28 is be VBZ 34823 8786 29 . . . 34823 8787 1 The the DT 34823 8787 2 following follow VBG 34823 8787 3 is be VBZ 34823 8787 4 from from IN 34823 8787 5 Mill Mill NNP 34823 8787 6 's 's POS 34823 8787 7 _ _ NNP 34823 8787 8 Principles Principles NNPS 34823 8787 9 of of IN 34823 8787 10 Economics Economics NNP 34823 8787 11 _ _ NNP 34823 8787 12 , , , 34823 8787 13 Bk Bk NNP 34823 8787 14 . . . 34823 8788 1 III III NNP 34823 8788 2 , , , 34823 8788 3 ch ch NN 34823 8788 4 . . . 34823 8789 1 24 24 CD 34823 8789 2 , , , 34823 8789 3 par par NN 34823 8789 4 . . . 34823 8790 1 1 1 LS 34823 8790 2 : : : 34823 8790 3 " " `` 34823 8790 4 Not not RB 34823 8790 5 only only RB 34823 8790 6 has have VBZ 34823 8790 7 this this DT 34823 8790 8 fixed fix VBN 34823 8790 9 idea idea NN 34823 8790 10 of of IN 34823 8790 11 the the DT 34823 8790 12 currency currency NN 34823 8790 13 as as IN 34823 8790 14 the the DT 34823 8790 15 prime prime JJ 34823 8790 16 agent agent NN 34823 8790 17 in in IN 34823 8790 18 the the DT 34823 8790 19 fluctuations fluctuation NNS 34823 8790 20 of of IN 34823 8790 21 price price NN 34823 8790 22 made make VBD 34823 8790 23 them -PRON- PRP 34823 8790 24 shut shut VB 34823 8790 25 their -PRON- PRP$ 34823 8790 26 eyes eye NNS 34823 8790 27 to to IN 34823 8790 28 the the DT 34823 8790 29 multitude multitude NN 34823 8790 30 of of IN 34823 8790 31 circumstances circumstance NNS 34823 8790 32 which which WDT 34823 8790 33 , , , 34823 8790 34 by by IN 34823 8790 35 influencing influence VBG 34823 8790 36 the the DT 34823 8790 37 expectations expectation NNS 34823 8790 38 of of IN 34823 8790 39 supply supply NN 34823 8790 40 , , , 34823 8790 41 are be VBP 34823 8790 42 the the DT 34823 8790 43 true true JJ 34823 8790 44 causes cause NNS 34823 8790 45 of of IN 34823 8790 46 almost almost RB 34823 8790 47 all all DT 34823 8790 48 speculations speculation NNS 34823 8790 49 and and CC 34823 8790 50 of of IN 34823 8790 51 almost almost RB 34823 8790 52 all all DT 34823 8790 53 fluctuations fluctuation NNS 34823 8790 54 of of IN 34823 8790 55 price price NN 34823 8790 56 ; ; : 34823 8790 57 but but CC 34823 8790 58 in in IN 34823 8790 59 order order NN 34823 8790 60 to to TO 34823 8790 61 bring bring VB 34823 8790 62 about about RP 34823 8790 63 the the DT 34823 8790 64 chronological chronological JJ 34823 8790 65 agreement agreement NN 34823 8790 66 required require VBN 34823 8790 67 by by IN 34823 8790 68 their -PRON- PRP$ 34823 8790 69 theory theory NN 34823 8790 70 , , , 34823 8790 71 between between IN 34823 8790 72 the the DT 34823 8790 73 variations variation NNS 34823 8790 74 of of IN 34823 8790 75 bank bank NN 34823 8790 76 issues issue NNS 34823 8790 77 and and CC 34823 8790 78 those those DT 34823 8790 79 of of IN 34823 8790 80 prices price NNS 34823 8790 81 , , , 34823 8790 82 they -PRON- PRP 34823 8790 83 have have VBP 34823 8790 84 played play VBN 34823 8790 85 such such JJ 34823 8790 86 fantastic fantastic JJ 34823 8790 87 tricks trick NNS 34823 8790 88 with with IN 34823 8790 89 facts fact NNS 34823 8790 90 and and CC 34823 8790 91 dates date NNS 34823 8790 92 as as IN 34823 8790 93 would would MD 34823 8790 94 be be VB 34823 8790 95 thought think VBN 34823 8790 96 incredible incredible JJ 34823 8790 97 , , , 34823 8790 98 if if IN 34823 8790 99 an an DT 34823 8790 100 eminent eminent JJ 34823 8790 101 practical practical JJ 34823 8790 102 authority authority NN 34823 8790 103 had have VBD 34823 8790 104 not not RB 34823 8790 105 taken take VBN 34823 8790 106 the the DT 34823 8790 107 trouble trouble NN 34823 8790 108 of of IN 34823 8790 109 meeting meet VBG 34823 8790 110 them -PRON- PRP 34823 8790 111 , , , 34823 8790 112 on on IN 34823 8790 113 the the DT 34823 8790 114 ground ground NN 34823 8790 115 of of IN 34823 8790 116 mere mere JJ 34823 8790 117 history history NN 34823 8790 118 , , , 34823 8790 119 with with IN 34823 8790 120 an an DT 34823 8790 121 elaborate elaborate JJ 34823 8790 122 exposure exposure NN 34823 8790 123 . . . 34823 8791 1 I -PRON- PRP 34823 8791 2 refer refer VBP 34823 8791 3 , , , 34823 8791 4 as as IN 34823 8791 5 all all DT 34823 8791 6 conversant conversant JJ 34823 8791 7 with with IN 34823 8791 8 the the DT 34823 8791 9 subject subject NN 34823 8791 10 must must MD 34823 8791 11 be be VB 34823 8791 12 aware aware JJ 34823 8791 13 , , , 34823 8791 14 to to IN 34823 8791 15 Mr. Mr. NNP 34823 8791 16 Tooke Tooke NNP 34823 8791 17 's 's POS 34823 8791 18 _ _ NNP 34823 8791 19 History history NN 34823 8791 20 of of IN 34823 8791 21 Prices Prices NNPS 34823 8791 22 _ _ NNP 34823 8791 23 . . . 34823 8792 1 The the DT 34823 8792 2 result result NN 34823 8792 3 of of IN 34823 8792 4 Mr. Mr. NNP 34823 8792 5 Tooke Tooke NNP 34823 8792 6 's 's POS 34823 8792 7 investigations investigation NNS 34823 8792 8 was be VBD 34823 8792 9 thus thus RB 34823 8792 10 stated state VBN 34823 8792 11 by by IN 34823 8792 12 himself -PRON- PRP 34823 8792 13 , , , 34823 8792 14 in in IN 34823 8792 15 his -PRON- PRP$ 34823 8792 16 examination examination NN 34823 8792 17 before before IN 34823 8792 18 the the DT 34823 8792 19 Commons Commons NNP 34823 8792 20 Committee Committee NNP 34823 8792 21 on on IN 34823 8792 22 the the DT 34823 8792 23 Bank Bank NNP 34823 8792 24 Charter Charter NNP 34823 8792 25 question question NN 34823 8792 26 in in IN 34823 8792 27 1832 1832 CD 34823 8792 28 ; ; : 34823 8792 29 and and CC 34823 8792 30 the the DT 34823 8792 31 evidences evidence NNS 34823 8792 32 of of IN 34823 8792 33 it -PRON- PRP 34823 8792 34 stand stand VBP 34823 8792 35 recorded record VBN 34823 8792 36 in in IN 34823 8792 37 his -PRON- PRP$ 34823 8792 38 book book NN 34823 8792 39 : : : 34823 8792 40 ' ' '' 34823 8792 41 In in IN 34823 8792 42 point point NN 34823 8792 43 of of IN 34823 8792 44 fact fact NN 34823 8792 45 , , , 34823 8792 46 and and CC 34823 8792 47 historically historically RB 34823 8792 48 , , , 34823 8792 49 as as RB 34823 8792 50 far far RB 34823 8792 51 as as IN 34823 8792 52 my -PRON- PRP$ 34823 8792 53 researches research NNS 34823 8792 54 have have VBP 34823 8792 55 gone go VBN 34823 8792 56 , , , 34823 8792 57 in in IN 34823 8792 58 every every DT 34823 8792 59 signal signal JJ 34823 8792 60 instance instance NN 34823 8792 61 of of IN 34823 8792 62 a a DT 34823 8792 63 rise rise NN 34823 8792 64 or or CC 34823 8792 65 fall fall NN 34823 8792 66 of of IN 34823 8792 67 prices price NNS 34823 8792 68 , , , 34823 8792 69 the the DT 34823 8792 70 rise rise NN 34823 8792 71 or or CC 34823 8792 72 fall fall NN 34823 8792 73 has have VBZ 34823 8792 74 preceded precede VBN 34823 8792 75 , , , 34823 8792 76 and and CC 34823 8792 77 therefore therefore RB 34823 8792 78 could could MD 34823 8792 79 not not RB 34823 8792 80 be be VB 34823 8792 81 the the DT 34823 8792 82 effect effect NN 34823 8792 83 of of IN 34823 8792 84 , , , 34823 8792 85 an an DT 34823 8792 86 enlargement enlargement NN 34823 8792 87 or or CC 34823 8792 88 contraction contraction NN 34823 8792 89 of of IN 34823 8792 90 the the DT 34823 8792 91 bank bank NN 34823 8792 92 circulation circulation NN 34823 8792 93 . . . 34823 8792 94 ' ' '' 34823 8792 95 " " '' 34823 8793 1 I -PRON- PRP 34823 8793 2 see see VBP 34823 8793 3 nothing nothing NN 34823 8793 4 in in IN 34823 8793 5 Fisher Fisher NNP 34823 8793 6 's 's POS 34823 8793 7 discussion discussion NN 34823 8793 8 of of IN 34823 8793 9 credit credit NN 34823 8793 10 to to TO 34823 8793 11 differentiate differentiate VB 34823 8793 12 it -PRON- PRP 34823 8793 13 from from IN 34823 8793 14 the the DT 34823 8793 15 position position NN 34823 8793 16 of of IN 34823 8793 17 the the DT 34823 8793 18 old old JJ 34823 8793 19 Currency Currency NNP 34823 8793 20 School School NNP 34823 8793 21 . . . 34823 8794 1 And and CC 34823 8794 2 the the DT 34823 8794 3 reason reason NN 34823 8794 4 is be VBZ 34823 8794 5 a a DT 34823 8794 6 very very RB 34823 8794 7 simple simple JJ 34823 8794 8 one one NN 34823 8794 9 : : : 34823 8794 10 Fisher Fisher NNP 34823 8794 11 has have VBZ 34823 8794 12 followed follow VBN 34823 8794 13 the the DT 34823 8794 14 quantity quantity NN 34823 8794 15 theory theory NN 34823 8794 16 to to IN 34823 8794 17 its -PRON- PRP$ 34823 8794 18 logical logical JJ 34823 8794 19 conclusions conclusion NNS 34823 8794 20 ! ! . 34823 8795 1 [ [ -LRB- 34823 8795 2 323 323 CD 34823 8795 3 ] ] -RRB- 34823 8795 4 See see VB 34823 8795 5 our -PRON- PRP$ 34823 8795 6 chapter chapter NN 34823 8795 7 on on IN 34823 8795 8 the the DT 34823 8795 9 " " `` 34823 8795 10 Volume Volume NNP 34823 8795 11 of of IN 34823 8795 12 Money money NN 34823 8795 13 and and CC 34823 8795 14 the the DT 34823 8795 15 Volume Volume NNP 34823 8795 16 of of IN 34823 8795 17 Credit Credit NNP 34823 8795 18 . . . 34823 8795 19 " " '' 34823 8796 1 [ [ -LRB- 34823 8796 2 324 324 CD 34823 8796 3 ] ] -RRB- 34823 8796 4 How how WRB 34823 8796 5 close close JJ 34823 8796 6 the the DT 34823 8796 7 relation relation NN 34823 8796 8 between between IN 34823 8796 9 loans loan NNS 34823 8796 10 and and CC 34823 8796 11 deposits deposit NNS 34823 8796 12 is be VBZ 34823 8796 13 may may MD 34823 8796 14 be be VB 34823 8796 15 seen see VBN 34823 8796 16 from from IN 34823 8796 17 Professor Professor NNP 34823 8796 18 Mitchell Mitchell NNP 34823 8796 19 's 's POS 34823 8796 20 chart chart NN 34823 8796 21 , , , 34823 8796 22 _ _ NNP 34823 8796 23 Business Business NNP 34823 8796 24 Cycles Cycles NNPS 34823 8796 25 _ _ NNP 34823 8796 26 , , , 34823 8796 27 p. p. NN 34823 8796 28 344 344 CD 34823 8796 29 . . . 34823 8797 1 The the DT 34823 8797 2 same same JJ 34823 8797 3 chart chart NN 34823 8797 4 exhibits exhibit VBZ 34823 8797 5 the the DT 34823 8797 6 variations variation NNS 34823 8797 7 in in IN 34823 8797 8 the the DT 34823 8797 9 reserve reserve NN 34823 8797 10 percentage percentage NN 34823 8797 11 , , , 34823 8797 12 which which WDT 34823 8797 13 is be VBZ 34823 8797 14 very very RB 34823 8797 15 much much RB 34823 8797 16 greater great JJR 34823 8797 17 . . . 34823 8798 1 The the DT 34823 8798 2 New New NNP 34823 8798 3 York York NNP 34823 8798 4 Clearing Clearing NNP 34823 8798 5 House House NNP 34823 8798 6 banks bank NNS 34823 8798 7 , , , 34823 8798 8 which which WDT 34823 8798 9 we -PRON- PRP 34823 8798 10 have have VBP 34823 8798 11 seen see VBN 34823 8798 12 ( ( -LRB- 34823 8798 13 _ _ NNP 34823 8798 14 supra supra NNP 34823 8798 15 _ _ NNP 34823 8798 16 , , , 34823 8798 17 " " `` 34823 8798 18 Volume volume NN 34823 8798 19 of of IN 34823 8798 20 Money money NN 34823 8798 21 and and CC 34823 8798 22 Volume volume NN 34823 8798 23 of of IN 34823 8798 24 Credit Credit NNP 34823 8798 25 " " '' 34823 8798 26 ) ) -RRB- 34823 8798 27 have have VBP 34823 8798 28 a a DT 34823 8798 29 spread spread NN 34823 8798 30 of of IN 34823 8798 31 from from IN 34823 8798 32 24.89 24.89 CD 34823 8798 33 % % NN 34823 8798 34 to to IN 34823 8798 35 37.59 37.59 CD 34823 8798 36 % % NN 34823 8798 37 in in IN 34823 8798 38 the the DT 34823 8798 39 yearly yearly JJ 34823 8798 40 average average NN 34823 8798 41 of of IN 34823 8798 42 percentage percentage NN 34823 8798 43 of of IN 34823 8798 44 reserves reserve NNS 34823 8798 45 to to IN 34823 8798 46 deposits deposit NNS 34823 8798 47 -- -- : 34823 8798 48 a a DT 34823 8798 49 spread spread NN 34823 8798 50 of of IN 34823 8798 51 over over IN 34823 8798 52 50%--show 50%--show CD 34823 8798 53 a a DT 34823 8798 54 variation variation NN 34823 8798 55 in in IN 34823 8798 56 yearly yearly JJ 34823 8798 57 average average NN 34823 8798 58 for for IN 34823 8798 59 the the DT 34823 8798 60 percentage percentage NN 34823 8798 61 of of IN 34823 8798 62 loans loan NNS 34823 8798 63 to to IN 34823 8798 64 deposits deposit NNS 34823 8798 65 of of IN 34823 8798 66 only only RB 34823 8798 67 24.3%--the 24.3%--the CD 34823 8798 68 range range NN 34823 8798 69 being be VBG 34823 8798 70 from from IN 34823 8798 71 83 83 CD 34823 8798 72 % % NN 34823 8798 73 to to IN 34823 8798 74 104 104 CD 34823 8798 75 % % NN 34823 8798 76 . . . 34823 8799 1 _ _ NNP 34823 8799 2 Ibid Ibid NNP 34823 8799 3 . . . 34823 8799 4 _ _ NNP 34823 8799 5 , , , 34823 8799 6 pp pp NNP 34823 8799 7 . . . 34823 8800 1 325 325 CD 34823 8800 2 and and CC 34823 8800 3 331 331 CD 34823 8800 4 . . . 34823 8801 1 For for IN 34823 8801 2 a a DT 34823 8801 3 partially partially RB 34823 8801 4 different different JJ 34823 8801 5 series series NN 34823 8801 6 of of IN 34823 8801 7 years year NNS 34823 8801 8 , , , 34823 8801 9 see see VB 34823 8801 10 the the DT 34823 8801 11 chart chart NN 34823 8801 12 of of IN 34823 8801 13 J. J. NNP 34823 8801 14 P. P. NNP 34823 8801 15 Norton Norton NNP 34823 8801 16 , , , 34823 8801 17 _ _ NNP 34823 8801 18 Statistical Statistical NNP 34823 8801 19 Studies Studies NNPS 34823 8801 20 in in IN 34823 8801 21 the the DT 34823 8801 22 New New NNP 34823 8801 23 York York NNP 34823 8801 24 Money Money NNP 34823 8801 25 Market Market NNP 34823 8801 26 _ _ NNP 34823 8801 27 , , , 34823 8801 28 facing face VBG 34823 8801 29 p. p. NN 34823 8801 30 104 104 CD 34823 8801 31 . . . 34823 8802 1 [ [ -LRB- 34823 8802 2 325 325 CD 34823 8802 3 ] ] -RRB- 34823 8802 4 Neither neither CC 34823 8802 5 deposits deposit NNS 34823 8802 6 nor nor CC 34823 8802 7 loans loan NNS 34823 8802 8 vary vary VBP 34823 8802 9 _ _ NNP 34823 8802 10 proportionately proportionately RB 34823 8802 11 _ _ NNP 34823 8802 12 with with IN 34823 8802 13 trade trade NN 34823 8802 14 . . . 34823 8803 1 Very very RB 34823 8803 2 active active JJ 34823 8803 3 trade trade NN 34823 8803 4 may may MD 34823 8803 5 merely merely RB 34823 8803 6 increase increase VB 34823 8803 7 the the DT 34823 8803 8 activity activity NN 34823 8803 9 of of IN 34823 8803 10 loans loan NNS 34823 8803 11 and and CC 34823 8803 12 deposits deposit NNS 34823 8803 13 , , , 34823 8803 14 causing cause VBG 34823 8803 15 both both DT 34823 8803 16 to to TO 34823 8803 17 be be VB 34823 8803 18 shifted shift VBN 34823 8803 19 more more RBR 34823 8803 20 rapidly rapidly RB 34823 8803 21 -- -- : 34823 8803 22 larger large JJR 34823 8803 23 outgo outgo NN 34823 8803 24 , , , 34823 8803 25 larger large JJR 34823 8803 26 income income NN 34823 8803 27 , , , 34823 8803 28 loans loan NNS 34823 8803 29 more more RBR 34823 8803 30 frequently frequently RB 34823 8803 31 contracted contract VBN 34823 8803 32 and and CC 34823 8803 33 paid pay VBD 34823 8803 34 off off RP 34823 8803 35 , , , 34823 8803 36 larger large JJR 34823 8803 37 amounts amount NNS 34823 8803 38 " " `` 34823 8803 39 deposited deposit VBN 34823 8803 40 " " '' 34823 8803 41 on on IN 34823 8803 42 a a DT 34823 8803 43 given give VBN 34823 8803 44 day day NN 34823 8803 45 , , , 34823 8803 46 but but CC 34823 8803 47 balances balance NNS 34823 8803 48 , , , 34823 8803 49 both both DT 34823 8803 50 of of IN 34823 8803 51 loans loan NNS 34823 8803 52 and and CC 34823 8803 53 deposits deposit NNS 34823 8803 54 , , , 34823 8803 55 at at IN 34823 8803 56 the the DT 34823 8803 57 end end NN 34823 8803 58 of of IN 34823 8803 59 the the DT 34823 8803 60 day day NN 34823 8803 61 not not RB 34823 8803 62 increased increase VBN 34823 8803 63 proportionately proportionately RB 34823 8803 64 with with IN 34823 8803 65 the the DT 34823 8803 66 activity activity NN 34823 8803 67 . . . 34823 8804 1 This this DT 34823 8804 2 is be VBZ 34823 8804 3 strikingly strikingly RB 34823 8804 4 illustrated illustrate VBN 34823 8804 5 in in IN 34823 8804 6 the the DT 34823 8804 7 business business NN 34823 8804 8 of of IN 34823 8804 9 the the DT 34823 8804 10 stockbroker stockbroker NN 34823 8804 11 . . . 34823 8805 1 [ [ -LRB- 34823 8805 2 326 326 CD 34823 8805 3 ] ] -RRB- 34823 8805 4 _ _ NNP 34823 8805 5 Supra Supra NNP 34823 8805 6 _ _ NNP 34823 8805 7 , , , 34823 8805 8 p. p. NN 34823 8805 9 47 47 CD 34823 8805 10 . . . 34823 8806 1 [ [ -LRB- 34823 8806 2 327 327 CD 34823 8806 3 ] ] -RRB- 34823 8806 4 Italics Italics NNP 34823 8806 5 mine mine NN 34823 8806 6 . . . 34823 8807 1 [ [ -LRB- 34823 8807 2 328 328 CD 34823 8807 3 ] ] -RRB- 34823 8807 4 " " `` 34823 8807 5 Miscellaneous miscellaneous JJ 34823 8807 6 Articles article NNS 34823 8807 7 on on IN 34823 8807 8 German German NNP 34823 8807 9 Banking banking NN 34823 8807 10 , , , 34823 8807 11 " " '' 34823 8807 12 in in IN 34823 8807 13 _ _ NNP 34823 8807 14 Report Report NNP 34823 8807 15 of of IN 34823 8807 16 Nat Nat NNP 34823 8807 17 . . . 34823 8808 1 Mon Mon NNP 34823 8808 2 . . . 34823 8809 1 Commission Commission NNP 34823 8809 2 _ _ NNP 34823 8809 3 , , , 34823 8809 4 p. p. NN 34823 8809 5 175 175 CD 34823 8809 6 . . . 34823 8810 1 Art art NN 34823 8810 2 . . . 34823 8811 1 by by IN 34823 8811 2 Max Max NNP 34823 8811 3 Wittner Wittner NNP 34823 8811 4 and and CC 34823 8811 5 Siegfried siegfrie VBD 34823 8811 6 Wolff Wolff NNP 34823 8811 7 . . . 34823 8812 1 [ [ -LRB- 34823 8812 2 329 329 CD 34823 8812 3 ] ] -RRB- 34823 8812 4 The the DT 34823 8812 5 figures figure NNS 34823 8812 6 are be VBP 34823 8812 7 not not RB 34823 8812 8 easily easily RB 34823 8812 9 compared compare VBN 34823 8812 10 , , , 34823 8812 11 as as IN 34823 8812 12 the the DT 34823 8812 13 figures figure NNS 34823 8812 14 for for IN 34823 8812 15 giro-_transfers giro-_transfer NNS 34823 8812 16 _ _ NNP 34823 8812 17 do do VBP 34823 8812 18 not not RB 34823 8812 19 indicate indicate VB 34823 8812 20 the the DT 34823 8812 21 volume volume NN 34823 8812 22 of of IN 34823 8812 23 giro-_accounts giro-_account NNS 34823 8812 24 _ _ NNP 34823 8812 25 , , , 34823 8812 26 which which WDT 34823 8812 27 is be VBZ 34823 8812 28 doubtless doubtless RB 34823 8812 29 much much RB 34823 8812 30 smaller small JJR 34823 8812 31 . . . 34823 8813 1 I -PRON- PRP 34823 8813 2 know know VBP 34823 8813 3 no no DT 34823 8813 4 estimates estimate NNS 34823 8813 5 for for IN 34823 8813 6 the the DT 34823 8813 7 turnover turnover NN 34823 8813 8 either either CC 34823 8813 9 of of IN 34823 8813 10 notes note NNS 34823 8813 11 or or CC 34823 8813 12 of of IN 34823 8813 13 bills bill NNS 34823 8813 14 of of IN 34823 8813 15 exchange exchange NN 34823 8813 16 . . . 34823 8814 1 To to TO 34823 8814 2 determine determine VB 34823 8814 3 what what WP 34823 8814 4 _ _ NNP 34823 8814 5 proportion proportion NN 34823 8814 6 _ _ NNP 34823 8814 7 of of IN 34823 8814 8 business business NN 34823 8814 9 is be VBZ 34823 8814 10 done do VBN 34823 8814 11 by by IN 34823 8814 12 each each DT 34823 8814 13 would would MD 34823 8814 14 , , , 34823 8814 15 thus thus RB 34823 8814 16 , , , 34823 8814 17 not not RB 34823 8814 18 be be VB 34823 8814 19 easy easy JJ 34823 8814 20 . . . 34823 8815 1 The the DT 34823 8815 2 volume volume NN 34823 8815 3 of of IN 34823 8815 4 bills bill NNS 34823 8815 5 of of IN 34823 8815 6 exchange exchange NN 34823 8815 7 for for IN 34823 8815 8 the the DT 34823 8815 9 year year NN 34823 8815 10 is be VBZ 34823 8815 11 three three CD 34823 8815 12 times time NNS 34823 8815 13 as as RB 34823 8815 14 great great JJ 34823 8815 15 , , , 34823 8815 16 for for IN 34823 8815 17 1907 1907 CD 34823 8815 18 , , , 34823 8815 19 as as IN 34823 8815 20 the the DT 34823 8815 21 figures figure NNS 34823 8815 22 for for IN 34823 8815 23 note note NN 34823 8815 24 issue issue NN 34823 8815 25 . . . 34823 8816 1 The the DT 34823 8816 2 giro giro NN 34823 8816 3 - - HYPH 34823 8816 4 system system NN 34823 8816 5 , , , 34823 8816 6 as as IN 34823 8816 7 is be VBZ 34823 8816 8 well well RB 34823 8816 9 known know VBN 34823 8816 10 , , , 34823 8816 11 is be VBZ 34823 8816 12 relatively relatively RB 34823 8816 13 unimportant unimportant JJ 34823 8816 14 as as IN 34823 8816 15 compared compare VBN 34823 8816 16 with with IN 34823 8816 17 notes note NNS 34823 8816 18 . . . 34823 8817 1 But but CC 34823 8817 2 I -PRON- PRP 34823 8817 3 do do VBP 34823 8817 4 not not RB 34823 8817 5 undertake undertake VB 34823 8817 6 to to IN 34823 8817 7 assign assign JJ 34823 8817 8 figures figure NNS 34823 8817 9 showing show VBG 34823 8817 10 proportions proportion NNS 34823 8817 11 of of IN 34823 8817 12 business business NN 34823 8817 13 done do VBN 34823 8817 14 . . . 34823 8818 1 [ [ -LRB- 34823 8818 2 330 330 CD 34823 8818 3 ] ] -RRB- 34823 8818 4 Inland Inland NNP 34823 8818 5 bills bill NNS 34823 8818 6 of of IN 34823 8818 7 exchanges exchange NNS 34823 8818 8 in in IN 34823 8818 9 connection connection NN 34823 8818 10 with with IN 34823 8818 11 the the DT 34823 8818 12 grain grain NN 34823 8818 13 trade trade NN 34823 8818 14 are be VBP 34823 8818 15 still still RB 34823 8818 16 very very RB 34823 8818 17 important important JJ 34823 8818 18 , , , 34823 8818 19 especially especially RB 34823 8818 20 at at IN 34823 8818 21 Chicago Chicago NNP 34823 8818 22 and and CC 34823 8818 23 Minneapolis Minneapolis NNP 34823 8818 24 . . . 34823 8819 1 The the DT 34823 8819 2 writer writer NN 34823 8819 3 has have VBZ 34823 8819 4 met meet VBN 34823 8819 5 frequent frequent JJ 34823 8819 6 reference reference NN 34823 8819 7 to to IN 34823 8819 8 cotton cotton NN 34823 8819 9 bills bill NNS 34823 8819 10 at at IN 34823 8819 11 St. St. NNP 34823 8819 12 Louis Louis NNP 34823 8819 13 . . . 34823 8820 1 Wool wool NN 34823 8820 2 bills bill NNS 34823 8820 3 are be VBP 34823 8820 4 frequent frequent JJ 34823 8820 5 in in IN 34823 8820 6 Boston Boston NNP 34823 8820 7 . . . 34823 8821 1 [ [ -LRB- 34823 8821 2 331 331 CD 34823 8821 3 ] ] -RRB- 34823 8821 4 _ _ NNP 34823 8821 5 Vide Vide NNP 34823 8821 6 _ _ NNP 34823 8821 7 my -PRON- PRP$ 34823 8821 8 criticism criticism NN 34823 8821 9 of of IN 34823 8821 10 his -PRON- PRP$ 34823 8821 11 statistical statistical JJ 34823 8821 12 fallacy fallacy NN 34823 8821 13 in in IN 34823 8821 14 this this DT 34823 8821 15 connection connection NN 34823 8821 16 , , , 34823 8821 17 in in IN 34823 8821 18 the the DT 34823 8821 19 _ _ NNP 34823 8821 20 Annalist Annalist NNP 34823 8821 21 _ _ NNP 34823 8821 22 of of IN 34823 8821 23 Feb. February NNP 34823 8821 24 7 7 CD 34823 8821 25 , , , 34823 8821 26 1916 1916 CD 34823 8821 27 . . . 34823 8822 1 He -PRON- PRP 34823 8822 2 rules rule VBZ 34823 8822 3 out out RP 34823 8822 4 foreign foreign JJ 34823 8822 5 trade trade NN 34823 8822 6 from from IN 34823 8822 7 his -PRON- PRP$ 34823 8822 8 " " `` 34823 8822 9 equation equation NN 34823 8822 10 of of IN 34823 8822 11 exchange exchange NN 34823 8822 12 " " '' 34823 8822 13 by by IN 34823 8822 14 the the DT 34823 8822 15 device device NN 34823 8822 16 of of IN 34823 8822 17 assuming assume VBG 34823 8822 18 that that IN 34823 8822 19 imports import NNS 34823 8822 20 and and CC 34823 8822 21 exports export NNS 34823 8822 22 cancel cancel VBP 34823 8822 23 one one CD 34823 8822 24 another another DT 34823 8822 25 . . . 34823 8823 1 This this DT 34823 8823 2 , , , 34823 8823 3 however however RB 34823 8823 4 , , , 34823 8823 5 to to IN 34823 8823 6 the the DT 34823 8823 7 extent extent NN 34823 8823 8 that that IN 34823 8823 9 it -PRON- PRP 34823 8823 10 is be VBZ 34823 8823 11 true true JJ 34823 8823 12 , , , 34823 8823 13 makes make VBZ 34823 8823 14 the the DT 34823 8823 15 bill bill NN 34823 8823 16 of of IN 34823 8823 17 exchange exchange NN 34823 8823 18 more more RBR 34823 8823 19 , , , 34823 8823 20 rather rather RB 34823 8823 21 than than IN 34823 8823 22 less less JJR 34823 8823 23 , , , 34823 8823 24 important important JJ 34823 8823 25 as as IN 34823 8823 26 a a DT 34823 8823 27 substitute substitute NN 34823 8823 28 for for IN 34823 8823 29 money money NN 34823 8823 30 and and CC 34823 8823 31 deposits deposit NNS 34823 8823 32 . . . 34823 8824 1 Fisher Fisher NNP 34823 8824 2 , , , 34823 8824 3 _ _ NNP 34823 8824 4 loc loc NN 34823 8824 5 . . . 34823 8825 1 cit cit NNP 34823 8825 2 . . . 34823 8825 3 _ _ NNP 34823 8825 4 , , , 34823 8825 5 pp pp NNP 34823 8825 6 . . . 34823 8826 1 306 306 CD 34823 8826 2 , , , 34823 8826 3 and and CC 34823 8826 4 374 374 CD 34823 8826 5 - - SYM 34823 8826 6 375 375 CD 34823 8826 7 . . . 34823 8827 1 See see VB 34823 8827 2 appendix appendix NNP 34823 8827 3 to to TO 34823 8827 4 chapter chapter VB 34823 8827 5 XIII XIII NNP 34823 8827 6 of of IN 34823 8827 7 the the DT 34823 8827 8 present present JJ 34823 8827 9 book book NN 34823 8827 10 . . . 34823 8828 1 [ [ -LRB- 34823 8828 2 332 332 CD 34823 8828 3 ] ] -RRB- 34823 8828 4 _ _ NNP 34823 8828 5 Vide Vide NNP 34823 8828 6 _ _ NNP 34823 8828 7 ch ch NN 34823 8828 8 . . . 34823 8829 1 16 16 CD 34823 8829 2 for for IN 34823 8829 3 a a DT 34823 8829 4 more more RBR 34823 8829 5 precise precise JJ 34823 8829 6 statement statement NN 34823 8829 7 of of IN 34823 8829 8 this this DT 34823 8829 9 part part NN 34823 8829 10 of of IN 34823 8829 11 quantity quantity NN 34823 8829 12 theory theory NN 34823 8829 13 doctrine doctrine NN 34823 8829 14 . . . 34823 8830 1 [ [ -LRB- 34823 8830 2 333 333 CD 34823 8830 3 ] ] -RRB- 34823 8830 4 _ _ NNP 34823 8830 5 Purchasing Purchasing NNP 34823 8830 6 Power Power NNP 34823 8830 7 of of IN 34823 8830 8 Money Money NNP 34823 8830 9 _ _ NNP 34823 8830 10 , , , 34823 8830 11 pp pp NNP 34823 8830 12 . . . 34823 8831 1 169 169 CD 34823 8831 2 - - SYM 34823 8831 3 170 170 CD 34823 8831 4 . . . 34823 8832 1 [ [ -LRB- 34823 8832 2 334 334 CD 34823 8832 3 ] ] -RRB- 34823 8832 4 _ _ NNP 34823 8832 5 Ibid Ibid NNP 34823 8832 6 . . . 34823 8832 7 _ _ NNP 34823 8832 8 , , , 34823 8832 9 p. p. NN 34823 8832 10 170 170 CD 34823 8832 11 . . . 34823 8833 1 [ [ -LRB- 34823 8833 2 335 335 CD 34823 8833 3 ] ] -RRB- 34823 8833 4 _ _ NNP 34823 8833 5 Ibid Ibid NNP 34823 8833 6 . . . 34823 8833 7 _ _ NNP 34823 8833 8 , , , 34823 8833 9 p. p. NN 34823 8833 10 171 171 CD 34823 8833 11 . . . 34823 8834 1 [ [ -LRB- 34823 8834 2 336 336 CD 34823 8834 3 ] ] -RRB- 34823 8834 4 _ _ NNP 34823 8834 5 Ibid Ibid NNP 34823 8834 6 . . . 34823 8834 7 _ _ NNP 34823 8834 8 , , , 34823 8834 9 p. p. NN 34823 8834 10 172 172 CD 34823 8834 11 . . . 34823 8835 1 [ [ -LRB- 34823 8835 2 337 337 CD 34823 8835 3 ] ] -RRB- 34823 8835 4 _ _ NNP 34823 8835 5 Ibid Ibid NNP 34823 8835 6 . . . 34823 8835 7 _ _ NNP 34823 8835 8 , , , 34823 8835 9 p. p. NN 34823 8835 10 172 172 CD 34823 8835 11 . . . 34823 8836 1 Italics italic NNS 34823 8836 2 mine -PRON- PRP 34823 8836 3 . . . 34823 8837 1 [ [ -LRB- 34823 8837 2 338 338 CD 34823 8837 3 ] ] -RRB- 34823 8837 4 _ _ NNP 34823 8837 5 Ibid Ibid NNP 34823 8837 6 . . . 34823 8837 7 _ _ NNP 34823 8837 8 , , , 34823 8837 9 pp pp NNP 34823 8837 10 . . . 34823 8838 1 174 174 CD 34823 8838 2 - - SYM 34823 8838 3 181 181 CD 34823 8838 4 . . . 34823 8839 1 [ [ -LRB- 34823 8839 2 339 339 CD 34823 8839 3 ] ] -RRB- 34823 8839 4 I -PRON- PRP 34823 8839 5 call call VBP 34823 8839 6 attention attention NN 34823 8839 7 , , , 34823 8839 8 in in IN 34823 8839 9 passing pass VBG 34823 8839 10 , , , 34823 8839 11 to to IN 34823 8839 12 Fisher Fisher NNP 34823 8839 13 's 's POS 34823 8839 14 confusion confusion NN 34823 8839 15 , , , 34823 8839 16 in in IN 34823 8839 17 this this DT 34823 8839 18 sentence sentence NN 34823 8839 19 , , , 34823 8839 20 of of IN 34823 8839 21 " " `` 34823 8839 22 commodities commodity NNS 34823 8839 23 " " '' 34823 8839 24 with with IN 34823 8839 25 " " `` 34823 8839 26 trade trade NN 34823 8839 27 . . . 34823 8839 28 " " '' 34823 8840 1 This this DT 34823 8840 2 occurs occur VBZ 34823 8840 3 frequently frequently RB 34823 8840 4 in in IN 34823 8840 5 his -PRON- PRP$ 34823 8840 6 argument argument NN 34823 8840 7 . . . 34823 8841 1 _ _ NNP 34823 8841 2 Cf Cf NNP 34823 8841 3 . . . 34823 8841 4 _ _ NNP 34823 8841 5 pp pp NNP 34823 8841 6 . . . 34823 8842 1 225 225 CD 34823 8842 2 - - SYM 34823 8842 3 226 226 CD 34823 8842 4 , , , 34823 8842 5 _ _ NNP 34823 8842 6 supra supra NNP 34823 8842 7 _ _ NNP 34823 8842 8 . . . 34823 8843 1 [ [ -LRB- 34823 8843 2 340 340 CD 34823 8843 3 ] ] -RRB- 34823 8843 4 The the DT 34823 8843 5 Capitalization Capitalization NNP 34823 8843 6 theory theory NN 34823 8843 7 is be VBZ 34823 8843 8 briefly briefly RB 34823 8843 9 outlined outline VBN 34823 8843 10 by by IN 34823 8843 11 Böhm Böhm NNP 34823 8843 12 - - HYPH 34823 8843 13 Bawerk Bawerk NNP 34823 8843 14 , , , 34823 8843 15 in in IN 34823 8843 16 the the DT 34823 8843 17 critical critical JJ 34823 8843 18 and and CC 34823 8843 19 historical historical JJ 34823 8843 20 volume volume NN 34823 8843 21 of of IN 34823 8843 22 his -PRON- PRP$ 34823 8843 23 _ _ NNP 34823 8843 24 Kapital Kapital NNP 34823 8843 25 und und NN 34823 8843 26 Kapitalzins Kapitalzins NNP 34823 8843 27 _ _ NNP 34823 8843 28 ( ( -LRB- 34823 8843 29 English English NNP 34823 8843 30 title title NN 34823 8843 31 of of IN 34823 8843 32 the the DT 34823 8843 33 volume volume NN 34823 8843 34 , , , 34823 8843 35 _ _ NNP 34823 8843 36 Capital Capital NNP 34823 8843 37 and and CC 34823 8843 38 Interest Interest NNP 34823 8843 39 _ _ NNP 34823 8843 40 ) ) -RRB- 34823 8843 41 , , , 34823 8843 42 in in IN 34823 8843 43 his -PRON- PRP$ 34823 8843 44 criticisms criticism NNS 34823 8843 45 of of IN 34823 8843 46 the the DT 34823 8843 47 theories theory NNS 34823 8843 48 of of IN 34823 8843 49 Henry Henry NNP 34823 8843 50 George George NNP 34823 8843 51 and and CC 34823 8843 52 Turgot Turgot NNP 34823 8843 53 . . . 34823 8844 1 It -PRON- PRP 34823 8844 2 has have VBZ 34823 8844 3 subsequently subsequently RB 34823 8844 4 been be VBN 34823 8844 5 elaborated elaborate VBN 34823 8844 6 , , , 34823 8844 7 and and CC 34823 8844 8 much much RB 34823 8844 9 improved improve VBN 34823 8844 10 , , , 34823 8844 11 by by IN 34823 8844 12 Fetter Fetter NNP 34823 8844 13 , , , 34823 8844 14 in in IN 34823 8844 15 his -PRON- PRP$ 34823 8844 16 _ _ NNP 34823 8844 17 Principles Principles NNPS 34823 8844 18 of of IN 34823 8844 19 Economics Economics NNP 34823 8844 20 _ _ NNP 34823 8844 21 , , , 34823 8844 22 and and CC 34823 8844 23 , , , 34823 8844 24 more more RBR 34823 8844 25 recently recently RB 34823 8844 26 , , , 34823 8844 27 has have VBZ 34823 8844 28 been be VBN 34823 8844 29 restated restate VBN 34823 8844 30 , , , 34823 8844 31 with with IN 34823 8844 32 mathematical mathematical JJ 34823 8844 33 formulæ formulæ NN 34823 8844 34 , , , 34823 8844 35 by by IN 34823 8844 36 Fisher Fisher NNP 34823 8844 37 , , , 34823 8844 38 in in IN 34823 8844 39 his -PRON- PRP$ 34823 8844 40 _ _ NNP 34823 8844 41 Rate Rate NNP 34823 8844 42 of of IN 34823 8844 43 Interest Interest NNP 34823 8844 44 _ _ NNP 34823 8844 45 . . . 34823 8845 1 A a DT 34823 8845 2 good good JJ 34823 8845 3 brief brief JJ 34823 8845 4 statement statement NN 34823 8845 5 will will MD 34823 8845 6 be be VB 34823 8845 7 found find VBN 34823 8845 8 in in IN 34823 8845 9 Seligman Seligman NNP 34823 8845 10 , , , 34823 8845 11 _ _ NNP 34823 8845 12 Principles Principles NNPS 34823 8845 13 of of IN 34823 8845 14 Economics Economics NNP 34823 8845 15 _ _ NNP 34823 8845 16 , , , 34823 8845 17 ch ch NN 34823 8845 18 . . . 34823 8846 1 on on IN 34823 8846 2 " " `` 34823 8846 3 The The NNP 34823 8846 4 Capitalization Capitalization NNP 34823 8846 5 of of IN 34823 8846 6 Value Value NNP 34823 8846 7 . . . 34823 8846 8 " " '' 34823 8847 1 Extensive extensive JJ 34823 8847 2 use use NN 34823 8847 3 has have VBZ 34823 8847 4 been be VBN 34823 8847 5 made make VBN 34823 8847 6 of of IN 34823 8847 7 it -PRON- PRP 34823 8847 8 by by IN 34823 8847 9 Veblen Veblen NNP 34823 8847 10 . . . 34823 8848 1 More more RBR 34823 8848 2 recently recently RB 34823 8848 3 , , , 34823 8848 4 it -PRON- PRP 34823 8848 5 has have VBZ 34823 8848 6 been be VBN 34823 8848 7 elaborated elaborate VBN 34823 8848 8 in in IN 34823 8848 9 the the DT 34823 8848 10 controversy controversy NN 34823 8848 11 over over IN 34823 8848 12 the the DT 34823 8848 13 theory theory NN 34823 8848 14 of of IN 34823 8848 15 interest interest NN 34823 8848 16 participated participate VBD 34823 8848 17 in in IN 34823 8848 18 by by IN 34823 8848 19 Seager Seager NNP 34823 8848 20 , , , 34823 8848 21 Fisher Fisher NNP 34823 8848 22 , , , 34823 8848 23 Brown Brown NNP 34823 8848 24 and and CC 34823 8848 25 Fetter Fetter NNP 34823 8848 26 , , , 34823 8848 27 in in IN 34823 8848 28 the the DT 34823 8848 29 _ _ NNP 34823 8848 30 American American NNP 34823 8848 31 Economic Economic NNP 34823 8848 32 Review Review NNP 34823 8848 33 _ _ NNP 34823 8848 34 , , , 34823 8848 35 1912 1912 CD 34823 8848 36 - - SYM 34823 8848 37 13 13 CD 34823 8848 38 - - HYPH 34823 8848 39 14 14 CD 34823 8848 40 , , , 34823 8848 41 and and CC 34823 8848 42 the the DT 34823 8848 43 _ _ NNP 34823 8848 44 Quarterly Quarterly NNP 34823 8848 45 Journal Journal NNP 34823 8848 46 of of IN 34823 8848 47 Economics Economics NNP 34823 8848 48 _ _ NNP 34823 8848 49 , , , 34823 8848 50 1913 1913 CD 34823 8848 51 . . . 34823 8849 1 [ [ -LRB- 34823 8849 2 341 341 CD 34823 8849 3 ] ] -RRB- 34823 8849 4 Italics Italics NNP 34823 8849 5 mine mine NN 34823 8849 6 . . . 34823 8850 1 [ [ -LRB- 34823 8850 2 342 342 CD 34823 8850 3 ] ] -RRB- 34823 8850 4 The the DT 34823 8850 5 criticisms criticism NNS 34823 8850 6 I -PRON- PRP 34823 8850 7 should should MD 34823 8850 8 make make VB 34823 8850 9 of of IN 34823 8850 10 the the DT 34823 8850 11 present present JJ 34823 8850 12 formulations formulation NNS 34823 8850 13 of of IN 34823 8850 14 the the DT 34823 8850 15 time time NN 34823 8850 16 - - HYPH 34823 8850 17 preference preference NN 34823 8850 18 theory theory NN 34823 8850 19 of of IN 34823 8850 20 interest interest NN 34823 8850 21 , , , 34823 8850 22 as as IN 34823 8850 23 presented present VBN 34823 8850 24 by by IN 34823 8850 25 Böhm Böhm NNP 34823 8850 26 - - HYPH 34823 8850 27 Bawerk Bawerk NNP 34823 8850 28 , , , 34823 8850 29 Fetter Fetter NNP 34823 8850 30 and and CC 34823 8850 31 Fisher Fisher NNP 34823 8850 32 , , , 34823 8850 33 rest rest VB 34823 8850 34 on on IN 34823 8850 35 the the DT 34823 8850 36 individualistic individualistic JJ 34823 8850 37 method method NN 34823 8850 38 of of IN 34823 8850 39 approach approach NN 34823 8850 40 , , , 34823 8850 41 and and CC 34823 8850 42 are be VBP 34823 8850 43 at at IN 34823 8850 44 many many JJ 34823 8850 45 points point NNS 34823 8850 46 analogous analogous JJ 34823 8850 47 to to IN 34823 8850 48 the the DT 34823 8850 49 criticisms criticism NNS 34823 8850 50 I -PRON- PRP 34823 8850 51 have have VBP 34823 8850 52 made make VBN 34823 8850 53 of of IN 34823 8850 54 the the DT 34823 8850 55 utility utility NN 34823 8850 56 theory theory NN 34823 8850 57 of of IN 34823 8850 58 value value NN 34823 8850 59 . . . 34823 8851 1 These these DT 34823 8851 2 criticisms criticism NNS 34823 8851 3 need need VBP 34823 8851 4 not not RB 34823 8851 5 affect affect VB 34823 8851 6 the the DT 34823 8851 7 points point NNS 34823 8851 8 at at IN 34823 8851 9 issue issue NN 34823 8851 10 here here RB 34823 8851 11 . . . 34823 8852 1 On on IN 34823 8852 2 the the DT 34823 8852 3 particular particular JJ 34823 8852 4 point point NN 34823 8852 5 involved involve VBN 34823 8852 6 , , , 34823 8852 7 I -PRON- PRP 34823 8852 8 agree agree VBP 34823 8852 9 with with IN 34823 8852 10 Fisher Fisher NNP 34823 8852 11 that that IN 34823 8852 12 the the DT 34823 8852 13 productivity productivity NN 34823 8852 14 theory theory NN 34823 8852 15 gives give VBZ 34823 8852 16 a a DT 34823 8852 17 wrong wrong JJ 34823 8852 18 answer answer NN 34823 8852 19 . . . 34823 8853 1 [ [ -LRB- 34823 8853 2 343 343 CD 34823 8853 3 ] ] -RRB- 34823 8853 4 _ _ NNP 34823 8853 5 E. E. NNP 34823 8854 1 g. g. NNP 34823 8854 2 _ _ NNP 34823 8854 3 , , , 34823 8854 4 Fisher Fisher NNP 34823 8854 5 , , , 34823 8854 6 _ _ NNP 34823 8854 7 Purchasing Purchasing NNP 34823 8854 8 Power Power NNP 34823 8854 9 of of IN 34823 8854 10 Money Money NNP 34823 8854 11 _ _ NNP 34823 8854 12 , , , 34823 8854 13 p. p. NN 34823 8854 14 179 179 CD 34823 8854 15 . . . 34823 8855 1 [ [ -LRB- 34823 8855 2 344 344 CD 34823 8855 3 ] ] -RRB- 34823 8855 4 This this DT 34823 8855 5 confusion confusion NN 34823 8855 6 is be VBZ 34823 8855 7 a a DT 34823 8855 8 companion companion NN 34823 8855 9 of of IN 34823 8855 10 the the DT 34823 8855 11 confusion confusion NN 34823 8855 12 between between IN 34823 8855 13 volume volume NN 34823 8855 14 of of IN 34823 8855 15 _ _ NNP 34823 8855 16 goods good NNS 34823 8855 17 in in IN 34823 8855 18 existence existence NN 34823 8855 19 _ _ NNP 34823 8855 20 , , , 34823 8855 21 or or CC 34823 8855 22 volume volume NN 34823 8855 23 of of IN 34823 8855 24 _ _ NNP 34823 8855 25 production production NN 34823 8855 26 _ _ NNP 34823 8855 27 , , , 34823 8855 28 and and CC 34823 8855 29 volume volume NN 34823 8855 30 of of IN 34823 8855 31 goods good NNS 34823 8855 32 _ _ NNP 34823 8855 33 exchanged exchange VBD 34823 8855 34 _ _ NNP 34823 8855 35 . . . 34823 8856 1 The the DT 34823 8856 2 errors error NNS 34823 8856 3 growing grow VBG 34823 8856 4 out out IN 34823 8856 5 of of IN 34823 8856 6 this this DT 34823 8856 7 confusion confusion NN 34823 8856 8 have have VBP 34823 8856 9 been be VBN 34823 8856 10 dealt deal VBN 34823 8856 11 with with IN 34823 8856 12 in in IN 34823 8856 13 ch ch NN 34823 8856 14 . . . 34823 8857 1 13 13 CD 34823 8857 2 , , , 34823 8857 3 especially especially RB 34823 8857 4 pp pp NNP 34823 8857 5 . . . 34823 8858 1 225 225 CD 34823 8858 2 - - SYM 34823 8858 3 226 226 CD 34823 8858 4 . . . 34823 8859 1 Virtually virtually RB 34823 8859 2 all all DT 34823 8859 3 quantity quantity NN 34823 8859 4 theorists theorist NNS 34823 8859 5 make make VBP 34823 8859 6 both both PDT 34823 8859 7 these these DT 34823 8859 8 mistakes mistake NNS 34823 8859 9 . . . 34823 8860 1 [ [ -LRB- 34823 8860 2 345 345 CD 34823 8860 3 ] ] -RRB- 34823 8860 4 The the DT 34823 8860 5 fundamental fundamental JJ 34823 8860 6 causation causation NN 34823 8860 7 is be VBZ 34823 8860 8 psychological psychological JJ 34823 8860 9 , , , 34823 8860 10 and and CC 34823 8860 11 calls call VBZ 34823 8860 12 for for IN 34823 8860 13 a a DT 34823 8860 14 theory theory NN 34823 8860 15 of of IN 34823 8860 16 _ _ NNP 34823 8860 17 value value NN 34823 8860 18 _ _ NNP 34823 8860 19 , , , 34823 8860 20 as as IN 34823 8860 21 distinguished distinguish VBN 34823 8860 22 from from IN 34823 8860 23 exchange exchange NN 34823 8860 24 - - HYPH 34823 8860 25 relations relation NNS 34823 8860 26 . . . 34823 8861 1 [ [ -LRB- 34823 8861 2 346 346 CD 34823 8861 3 ] ] -RRB- 34823 8861 4 _ _ NNP 34823 8861 5 Supra Supra NNP 34823 8861 6 _ _ NNP 34823 8861 7 , , , 34823 8861 8 chapter chapter NN 34823 8861 9 on on IN 34823 8861 10 " " `` 34823 8861 11 Velocity Velocity NNP 34823 8861 12 of of IN 34823 8861 13 Circulation Circulation NNP 34823 8861 14 . . . 34823 8861 15 " " '' 34823 8862 1 [ [ -LRB- 34823 8862 2 347 347 CD 34823 8862 3 ] ] -RRB- 34823 8862 4 This this DT 34823 8862 5 distinction distinction NN 34823 8862 6 is be VBZ 34823 8862 7 clearly clearly RB 34823 8862 8 made make VBN 34823 8862 9 and and CC 34823 8862 10 developed develop VBN 34823 8862 11 by by IN 34823 8862 12 von von NNP 34823 8862 13 Wieser Wieser NNP 34823 8862 14 , , , 34823 8862 15 in in IN 34823 8862 16 the the DT 34823 8862 17 two two CD 34823 8862 18 articles article NNS 34823 8862 19 referred refer VBN 34823 8862 20 to to IN 34823 8862 21 in in IN 34823 8862 22 our -PRON- PRP$ 34823 8862 23 chapter chapter NN 34823 8862 24 on on IN 34823 8862 25 " " `` 34823 8862 26 Marginal Marginal NNP 34823 8862 27 Utility Utility NNP 34823 8862 28 . . . 34823 8862 29 " " '' 34823 8863 1 It -PRON- PRP 34823 8863 2 is be VBZ 34823 8863 3 used use VBN 34823 8863 4 by by IN 34823 8863 5 him -PRON- PRP 34823 8863 6 in in IN 34823 8863 7 criticisms criticism NNS 34823 8863 8 of of IN 34823 8863 9 the the DT 34823 8863 10 quantity quantity NN 34823 8863 11 theory theory NN 34823 8863 12 . . . 34823 8864 1 " " `` 34823 8864 2 Der Der NNP 34823 8864 3 Geldwert Geldwert NNP 34823 8864 4 und und JJ 34823 8864 5 seine seine NN 34823 8864 6 geschichtlichen geschichtlichen NNP 34823 8864 7 Veränderungen Veränderungen NNP 34823 8864 8 , , , 34823 8864 9 " " `` 34823 8864 10 _ _ NNP 34823 8864 11 Zeitsch Zeitsch NNP 34823 8864 12 . . . 34823 8865 1 für für NNP 34823 8865 2 Volkswirtschaft Volkswirtschaft NNP 34823 8865 3 , , , 34823 8865 4 Sozialpolitik Sozialpolitik NNP 34823 8865 5 und und NN 34823 8865 6 Verwaltung Verwaltung NNP 34823 8865 7 _ _ NNP 34823 8865 8 , , , 34823 8865 9 XIII XIII NNP 34823 8865 10 , , , 34823 8865 11 1904 1904 CD 34823 8865 12 ; ; : 34823 8865 13 discussions discussion NNS 34823 8865 14 in in IN 34823 8865 15 _ _ NNP 34823 8865 16 Schriften Schriften NNP 34823 8865 17 des des NNP 34823 8865 18 Vereins Vereins NNP 34823 8865 19 für für NN 34823 8865 20 Sozialpolitik Sozialpolitik NNP 34823 8865 21 _ _ NNP 34823 8865 22 , , , 34823 8865 23 1009 1009 CD 34823 8865 24 , , , 34823 8865 25 no no UH 34823 8865 26 . . . 34823 8866 1 132 132 CD 34823 8866 2 . . . 34823 8867 1 A a DT 34823 8867 2 similar similar JJ 34823 8867 3 distinction distinction NN 34823 8867 4 runs run VBZ 34823 8867 5 through through IN 34823 8867 6 J. J. NNP 34823 8868 1 A. A. NNP 34823 8868 2 Hobson Hobson NNP 34823 8868 3 's 's POS 34823 8868 4 _ _ NNP 34823 8868 5 Gold Gold NNP 34823 8868 6 , , , 34823 8868 7 Prices Prices NNPS 34823 8868 8 and and CC 34823 8868 9 Wages Wages NNPS 34823 8868 10 _ _ NNP 34823 8868 11 , , , 34823 8868 12 London London NNP 34823 8868 13 , , , 34823 8868 14 1913 1913 CD 34823 8868 15 . . . 34823 8869 1 The the DT 34823 8869 2 present present JJ 34823 8869 3 writer writer NN 34823 8869 4 had have VBD 34823 8869 5 worked work VBN 34823 8869 6 out out RP 34823 8869 7 the the DT 34823 8869 8 line line NN 34823 8869 9 of of IN 34823 8869 10 argument argument NN 34823 8869 11 here here RB 34823 8869 12 presented present VBN 34823 8869 13 before before IN 34823 8869 14 reading read VBG 34823 8869 15 either either DT 34823 8869 16 of of IN 34823 8869 17 these these DT 34823 8869 18 discussions discussion NNS 34823 8869 19 . . . 34823 8870 1 [ [ -LRB- 34823 8870 2 348 348 CD 34823 8870 3 ] ] -RRB- 34823 8870 4 I -PRON- PRP 34823 8870 5 have have VBP 34823 8870 6 chosen choose VBN 34823 8870 7 maid maid NN 34823 8870 8 - - HYPH 34823 8870 9 servants servant NNS 34823 8870 10 , , , 34823 8870 11 to to TO 34823 8870 12 avoid avoid VB 34823 8870 13 complications complication NNS 34823 8870 14 of of IN 34823 8870 15 costs cost NNS 34823 8870 16 of of IN 34823 8870 17 production production NN 34823 8870 18 in in IN 34823 8870 19 the the DT 34823 8870 20 reasoning reasoning NN 34823 8870 21 that that WDT 34823 8870 22 might may MD 34823 8870 23 come come VB 34823 8870 24 if if IN 34823 8870 25 other other JJ 34823 8870 26 labor labor NN 34823 8870 27 , , , 34823 8870 28 engaged engage VBN 34823 8870 29 in in IN 34823 8870 30 producing produce VBG 34823 8870 31 goods good NNS 34823 8870 32 for for IN 34823 8870 33 the the DT 34823 8870 34 market market NN 34823 8870 35 , , , 34823 8870 36 were be VBD 34823 8870 37 selected select VBN 34823 8870 38 . . . 34823 8871 1 To to TO 34823 8871 2 tighten tighten VB 34823 8871 3 the the DT 34823 8871 4 argument argument NN 34823 8871 5 a a DT 34823 8871 6 tittle tittle NN 34823 8871 7 further far RBR 34823 8871 8 , , , 34823 8871 9 I -PRON- PRP 34823 8871 10 assume assume VBP 34823 8871 11 that that IN 34823 8871 12 the the DT 34823 8871 13 masters master NNS 34823 8871 14 receive receive VBP 34823 8871 15 their -PRON- PRP$ 34823 8871 16 monthly monthly JJ 34823 8871 17 incomes income NNS 34823 8871 18 on on IN 34823 8871 19 the the DT 34823 8871 20 first first JJ 34823 8871 21 day day NN 34823 8871 22 of of IN 34823 8871 23 the the DT 34823 8871 24 month month NN 34823 8871 25 ; ; : 34823 8871 26 that that IN 34823 8871 27 they -PRON- PRP 34823 8871 28 pay pay VBP 34823 8871 29 the the DT 34823 8871 30 maids maid NNS 34823 8871 31 on on IN 34823 8871 32 the the DT 34823 8871 33 same same JJ 34823 8871 34 day day NN 34823 8871 35 ; ; : 34823 8871 36 that that IN 34823 8871 37 the the DT 34823 8871 38 rest rest NN 34823 8871 39 of of IN 34823 8871 40 the the DT 34823 8871 41 expenditures expenditure NNS 34823 8871 42 , , , 34823 8871 43 both both DT 34823 8871 44 of of IN 34823 8871 45 masters master NNS 34823 8871 46 and and CC 34823 8871 47 maids maid NNS 34823 8871 48 , , , 34823 8871 49 are be VBP 34823 8871 50 strung string VBN 34823 8871 51 out out RB 34823 8871 52 through through IN 34823 8871 53 the the DT 34823 8871 54 rest rest NN 34823 8871 55 of of IN 34823 8871 56 the the DT 34823 8871 57 month month NN 34823 8871 58 . . . 34823 8872 1 [ [ -LRB- 34823 8872 2 349 349 CD 34823 8872 3 ] ] -RRB- 34823 8872 4 _ _ NNP 34823 8872 5 Op Op NNP 34823 8872 6 . . . 34823 8873 1 cit cit NNP 34823 8873 2 . . . 34823 8873 3 _ _ NNP 34823 8873 4 , , , 34823 8873 5 p. p. NN 34823 8873 6 27 27 CD 34823 8873 7 . . . 34823 8874 1 [ [ -LRB- 34823 8874 2 350 350 CD 34823 8874 3 ] ] -RRB- 34823 8874 4 A a DT 34823 8874 5 possible possible JJ 34823 8874 6 alternative alternative JJ 34823 8874 7 interpretation interpretation NN 34823 8874 8 of of IN 34823 8874 9 Professor Professor NNP 34823 8874 10 Fisher Fisher NNP 34823 8874 11 's 's POS 34823 8874 12 conception conception NN 34823 8874 13 is be VBZ 34823 8874 14 suggested suggest VBN 34823 8874 15 in in IN 34823 8874 16 two two CD 34823 8874 17 or or CC 34823 8874 18 three three CD 34823 8874 19 sentences sentence NNS 34823 8874 20 in in IN 34823 8874 21 the the DT 34823 8874 22 passage passage NN 34823 8874 23 of of IN 34823 8874 24 the the DT 34823 8874 25 _ _ NNP 34823 8874 26 Purchasing Purchasing NNP 34823 8874 27 Power Power NNP 34823 8874 28 of of IN 34823 8874 29 Money Money NNP 34823 8874 30 _ _ NNP 34823 8874 31 I -PRON- PRP 34823 8874 32 have have VBP 34823 8874 33 been be VBN 34823 8874 34 discussing discuss VBG 34823 8874 35 . . . 34823 8875 1 On on IN 34823 8875 2 p. p. NN 34823 8875 3 175 175 CD 34823 8875 4 he -PRON- PRP 34823 8875 5 makes make VBZ 34823 8875 6 a a DT 34823 8875 7 distinction distinction NN 34823 8875 8 between between IN 34823 8875 9 individual individual JJ 34823 8875 10 prices price NNS 34823 8875 11 _ _ NNP 34823 8875 12 relatively relatively RB 34823 8875 13 to to IN 34823 8875 14 each each DT 34823 8875 15 other other JJ 34823 8875 16 _ _ NNP 34823 8875 17 and and CC 34823 8875 18 the the DT 34823 8875 19 price price NN 34823 8875 20 - - HYPH 34823 8875 21 level level NN 34823 8875 22 . . . 34823 8876 1 But but CC 34823 8876 2 the the DT 34823 8876 3 distinction distinction NN 34823 8876 4 which which WDT 34823 8876 5 he -PRON- PRP 34823 8876 6 _ _ NNP 34823 8876 7 discusses discuss VBZ 34823 8876 8 _ _ NNP 34823 8876 9 in in IN 34823 8876 10 the the DT 34823 8876 11 passage passage NN 34823 8876 12 as as IN 34823 8876 13 a a DT 34823 8876 14 whole whole NN 34823 8876 15 is be VBZ 34823 8876 16 between between IN 34823 8876 17 the the DT 34823 8876 18 price price NN 34823 8876 19 - - HYPH 34823 8876 20 level level NN 34823 8876 21 and and CC 34823 8876 22 individual individual JJ 34823 8876 23 prices price NNS 34823 8876 24 _ _ VBP 34823 8876 25 not not RB 34823 8876 26 _ _ NNP 34823 8876 27 considered consider VBD 34823 8876 28 in in IN 34823 8876 29 relation relation NN 34823 8876 30 to to IN 34823 8876 31 each each DT 34823 8876 32 other other JJ 34823 8876 33 . . . 34823 8877 1 Comparison comparison NN 34823 8877 2 , , , 34823 8877 3 moreover moreover RB 34823 8877 4 , , , 34823 8877 5 with with IN 34823 8877 6 his -PRON- PRP$ 34823 8877 7 original original JJ 34823 8877 8 enunciation enunciation NN 34823 8877 9 of of IN 34823 8877 10 the the DT 34823 8877 11 notion notion NN 34823 8877 12 ( ( -LRB- 34823 8877 13 Papers Papers NNPS 34823 8877 14 and and CC 34823 8877 15 Discussions Discussions NNPS 34823 8877 16 , , , 34823 8877 17 23d 23d CD 34823 8877 18 Annual Annual NNP 34823 8877 19 Meeting Meeting NNP 34823 8877 20 of of IN 34823 8877 21 the the DT 34823 8877 22 American American NNP 34823 8877 23 Economic Economic NNP 34823 8877 24 Association Association NNP 34823 8877 25 , , , 34823 8877 26 pp pp NNP 34823 8877 27 . . . 34823 8878 1 36 36 CD 34823 8878 2 - - SYM 34823 8878 3 37 37 CD 34823 8878 4 ) ) -RRB- 34823 8878 5 , , , 34823 8878 6 would would MD 34823 8878 7 serve serve VB 34823 8878 8 to to TO 34823 8878 9 justify justify VB 34823 8878 10 the the DT 34823 8878 11 interpretation interpretation NN 34823 8878 12 I -PRON- PRP 34823 8878 13 give give VBP 34823 8878 14 , , , 34823 8878 15 as as IN 34823 8878 16 nothing nothing NN 34823 8878 17 at at RB 34823 8878 18 all all RB 34823 8878 19 is be VBZ 34823 8878 20 said say VBN 34823 8878 21 there there RB 34823 8878 22 about about IN 34823 8878 23 super super JJ 34823 8878 24 - - NNS 34823 8878 25 ratios ratio NNS 34823 8878 26 between between IN 34823 8878 27 individual individual JJ 34823 8878 28 prices price NNS 34823 8878 29 . . . 34823 8879 1 But but CC 34823 8879 2 the the DT 34823 8879 3 internal internal JJ 34823 8879 4 evidence evidence NN 34823 8879 5 is be VBZ 34823 8879 6 even even RB 34823 8879 7 more more RBR 34823 8879 8 convincing convincing JJ 34823 8879 9 . . . 34823 8880 1 Demand demand NN 34823 8880 2 and and CC 34823 8880 3 supply supply NN 34823 8880 4 , , , 34823 8880 5 and and CC 34823 8880 6 cost cost NN 34823 8880 7 of of IN 34823 8880 8 production production NN 34823 8880 9 , , , 34823 8880 10 find find VB 34823 8880 11 their -PRON- PRP$ 34823 8880 12 problem problem NN 34823 8880 13 , , , 34823 8880 14 not not RB 34823 8880 15 in in IN 34823 8880 16 the the DT 34823 8880 17 relation relation NN 34823 8880 18 between between IN 34823 8880 19 the the DT 34823 8880 20 money money NN 34823 8880 21 price price NN 34823 8880 22 of of IN 34823 8880 23 aspirin aspirin NN 34823 8880 24 and and CC 34823 8880 25 the the DT 34823 8880 26 money money NN 34823 8880 27 price price NN 34823 8880 28 of of IN 34823 8880 29 caviar caviar NN 34823 8880 30 , , , 34823 8880 31 but but CC 34823 8880 32 in in IN 34823 8880 33 the the DT 34823 8880 34 money money NN 34823 8880 35 - - HYPH 34823 8880 36 price price NN 34823 8880 37 of of IN 34823 8880 38 aspirin aspirin NN 34823 8880 39 or or CC 34823 8880 40 the the DT 34823 8880 41 money money NN 34823 8880 42 - - HYPH 34823 8880 43 price price NN 34823 8880 44 of of IN 34823 8880 45 caviar caviar NN 34823 8880 46 considered consider VBN 34823 8880 47 separately separately RB 34823 8880 48 . . . 34823 8881 1 Professor Professor NNP 34823 8881 2 Fisher Fisher NNP 34823 8881 3 thus thus RB 34823 8881 4 conceives conceive VBZ 34823 8881 5 supply supply NN 34823 8881 6 and and CC 34823 8881 7 demand demand NN 34823 8881 8 in in IN 34823 8881 9 his -PRON- PRP$ 34823 8881 10 _ _ NNP 34823 8881 11 Elementary Elementary NNP 34823 8881 12 Principles Principles NNPS 34823 8881 13 _ _ NNP 34823 8881 14 ( ( -LRB- 34823 8881 15 p. p. NN 34823 8881 16 260 260 CD 34823 8881 17 ) ) -RRB- 34823 8881 18 . . . 34823 8882 1 This this DT 34823 8882 2 interpretation interpretation NN 34823 8882 3 is be VBZ 34823 8882 4 especially especially RB 34823 8882 5 necessary necessary JJ 34823 8882 6 , , , 34823 8882 7 since since IN 34823 8882 8 Professor Professor NNP 34823 8882 9 Fisher Fisher NNP 34823 8882 10 is be VBZ 34823 8882 11 joining join VBG 34823 8882 12 issue issue NN 34823 8882 13 with with IN 34823 8882 14 writers writer NNS 34823 8882 15 who who WP 34823 8882 16 surely surely RB 34823 8882 17 use use VBP 34823 8882 18 demand demand NN 34823 8882 19 and and CC 34823 8882 20 supply supply NN 34823 8882 21 and and CC 34823 8882 22 cost cost NN 34823 8882 23 of of IN 34823 8882 24 production production NN 34823 8882 25 as as IN 34823 8882 26 means mean NNS 34823 8882 27 of of IN 34823 8882 28 explaining explain VBG 34823 8882 29 money money NN 34823 8882 30 - - HYPH 34823 8882 31 prices price NNS 34823 8882 32 , , , 34823 8882 33 and and CC 34823 8882 34 not not RB 34823 8882 35 super super JJ 34823 8882 36 - - NNS 34823 8882 37 ratios ratio NNS 34823 8882 38 between between IN 34823 8882 39 them -PRON- PRP 34823 8882 40 . . . 34823 8883 1 Further further RB 34823 8883 2 , , , 34823 8883 3 the the DT 34823 8883 4 price price NN 34823 8883 5 - - HYPH 34823 8883 6 level level NN 34823 8883 7 is be VBZ 34823 8883 8 _ _ NNP 34823 8883 9 not not RB 34823 8883 10 _ _ NNP 34823 8883 11 , , , 34823 8883 12 on on IN 34823 8883 13 Professor Professor NNP 34823 8883 14 Fisher Fisher NNP 34823 8883 15 's 's POS 34823 8883 16 own own JJ 34823 8883 17 scheme scheme NN 34823 8883 18 , , , 34823 8883 19 a a DT 34823 8883 20 factor factor NN 34823 8883 21 in in IN 34823 8883 22 determining determine VBG 34823 8883 23 the the DT 34823 8883 24 relations relation NNS 34823 8883 25 of of IN 34823 8883 26 the the DT 34823 8883 27 prices price NNS 34823 8883 28 of of IN 34823 8883 29 sugar sugar NN 34823 8883 30 and and CC 34823 8883 31 of of IN 34823 8883 32 wheat wheat NN 34823 8883 33 _ _ NNP 34823 8883 34 inter inter NN 34823 8883 35 se se NNP 34823 8883 36 _ _ NNP 34823 8883 37 . . . 34823 8884 1 With with IN 34823 8884 2 a a DT 34823 8884 3 given give VBN 34823 8884 4 price price NN 34823 8884 5 - - HYPH 34823 8884 6 level level NN 34823 8884 7 , , , 34823 8884 8 wheat wheat NN 34823 8884 9 might may MD 34823 8884 10 be be VB 34823 8884 11 worth worth JJ 34823 8884 12 a a DT 34823 8884 13 dollar dollar NN 34823 8884 14 and and CC 34823 8884 15 sugar sugar NN 34823 8884 16 nine nine CD 34823 8884 17 cents cent NNS 34823 8884 18 , , , 34823 8884 19 and and CC 34823 8884 20 the the DT 34823 8884 21 ratio ratio NN 34823 8884 22 of of IN 34823 8884 23 their -PRON- PRP$ 34823 8884 24 money money NN 34823 8884 25 equivalents equivalent NNS 34823 8884 26 would would MD 34823 8884 27 be be VB 34823 8884 28 100:9 100:9 CD 34823 8884 29 ; ; : 34823 8884 30 with with IN 34823 8884 31 a a DT 34823 8884 32 price price NN 34823 8884 33 - - HYPH 34823 8884 34 level level NN 34823 8884 35 twice twice RB 34823 8884 36 as as RB 34823 8884 37 high high JJ 34823 8884 38 , , , 34823 8884 39 wheat wheat NN 34823 8884 40 would would MD 34823 8884 41 be be VB 34823 8884 42 worth worth JJ 34823 8884 43 two two CD 34823 8884 44 dollars dollar NNS 34823 8884 45 , , , 34823 8884 46 and and CC 34823 8884 47 sugar sugar NN 34823 8884 48 eighteen eighteen CD 34823 8884 49 cents cent NNS 34823 8884 50 , , , 34823 8884 51 but but CC 34823 8884 52 the the DT 34823 8884 53 ratio ratio NN 34823 8884 54 between between IN 34823 8884 55 their -PRON- PRP$ 34823 8884 56 money money NN 34823 8884 57 equivalents equivalent NNS 34823 8884 58 would would MD 34823 8884 59 be be VB 34823 8884 60 still still RB 34823 8884 61 100:9 100:9 CD 34823 8884 62 . . . 34823 8885 1 The the DT 34823 8885 2 whole whole JJ 34823 8885 3 discussion discussion NN 34823 8885 4 is be VBZ 34823 8885 5 quite quite RB 34823 8885 6 meaningless meaningless JJ 34823 8885 7 unless unless IN 34823 8885 8 the the DT 34823 8885 9 contrast contrast NN 34823 8885 10 be be VB 34823 8885 11 between between IN 34823 8885 12 concrete concrete JJ 34823 8885 13 money money NN 34823 8885 14 - - HYPH 34823 8885 15 prices price NNS 34823 8885 16 of of IN 34823 8885 17 particular particular JJ 34823 8885 18 goods good NNS 34823 8885 19 , , , 34823 8885 20 and and CC 34823 8885 21 their -PRON- PRP$ 34823 8885 22 average average NN 34823 8885 23 . . . 34823 8886 1 On on IN 34823 8886 2 either either DT 34823 8886 3 interpretation interpretation NN 34823 8886 4 , , , 34823 8886 5 moreover moreover RB 34823 8886 6 , , , 34823 8886 7 my -PRON- PRP$ 34823 8886 8 criticism criticism NN 34823 8886 9 of of IN 34823 8886 10 the the DT 34823 8886 11 exalting exalting NN 34823 8886 12 of of IN 34823 8886 13 the the DT 34823 8886 14 average average NN 34823 8886 15 into into IN 34823 8886 16 an an DT 34823 8886 17 entity entity NN 34823 8886 18 would would MD 34823 8886 19 stand stand VB 34823 8886 20 . . . 34823 8887 1 [ [ -LRB- 34823 8887 2 351 351 CD 34823 8887 3 ] ] -RRB- 34823 8887 4 _ _ NNP 34823 8887 5 Purchasing Purchasing NNP 34823 8887 6 Power Power NNP 34823 8887 7 of of IN 34823 8887 8 Money Money NNP 34823 8887 9 _ _ NNP 34823 8887 10 , , , 34823 8887 11 pp pp NNP 34823 8887 12 . . . 34823 8888 1 175 175 CD 34823 8888 2 - - SYM 34823 8888 3 179 179 CD 34823 8888 4 . . . 34823 8889 1 [ [ -LRB- 34823 8889 2 352 352 CD 34823 8889 3 ] ] -RRB- 34823 8889 4 I -PRON- PRP 34823 8889 5 am be VBP 34823 8889 6 glad glad JJ 34823 8889 7 to to TO 34823 8889 8 find find VB 34823 8889 9 myself -PRON- PRP 34823 8889 10 in in IN 34823 8889 11 agreement agreement NN 34823 8889 12 with with IN 34823 8889 13 Professors Professors NNPS 34823 8889 14 Laughlin Laughlin NNP 34823 8889 15 and and CC 34823 8889 16 Kemmerer Kemmerer NNP 34823 8889 17 in in IN 34823 8889 18 holding hold VBG 34823 8889 19 that that IN 34823 8889 20 this this DT 34823 8889 21 notion notion NN 34823 8889 22 of of IN 34823 8889 23 Professor Professor NNP 34823 8889 24 Fisher Fisher NNP 34823 8889 25 's 's POS 34823 8889 26 is be VBZ 34823 8889 27 untenable untenable JJ 34823 8889 28 . . . 34823 8890 1 " " `` 34823 8890 2 The the DT 34823 8890 3 distinction distinction NN 34823 8890 4 Professor Professor NNP 34823 8890 5 Fisher Fisher NNP 34823 8890 6 draws draw VBZ 34823 8890 7 between between IN 34823 8890 8 the the DT 34823 8890 9 prices price NNS 34823 8890 10 of of IN 34823 8890 11 individual individual JJ 34823 8890 12 commodities commodity NNS 34823 8890 13 and and CC 34823 8890 14 the the DT 34823 8890 15 general general JJ 34823 8890 16 price price NN 34823 8890 17 - - HYPH 34823 8890 18 level level NN 34823 8890 19 appears appear VBZ 34823 8890 20 to to IN 34823 8890 21 me -PRON- PRP 34823 8890 22 , , , 34823 8890 23 as as IN 34823 8890 24 to to IN 34823 8890 25 Professor Professor NNP 34823 8890 26 Laughlin Laughlin NNP 34823 8890 27 , , , 34823 8890 28 to to TO 34823 8890 29 be be VB 34823 8890 30 untenable untenable JJ 34823 8890 31 . . . 34823 8891 1 It -PRON- PRP 34823 8891 2 is be VBZ 34823 8891 3 , , , 34823 8891 4 moreover moreover RB 34823 8891 5 , , , 34823 8891 6 contradictory contradictory JJ 34823 8891 7 to to IN 34823 8891 8 his -PRON- PRP$ 34823 8891 9 general general JJ 34823 8891 10 philosophy philosophy NN 34823 8891 11 of of IN 34823 8891 12 money money NN 34823 8891 13 . . . 34823 8892 1 His -PRON- PRP$ 34823 8892 2 index index NN 34823 8892 3 numbers number NNS 34823 8892 4 recognize recognize VBP 34823 8892 5 no no DT 34823 8892 6 general general JJ 34823 8892 7 price price NN 34823 8892 8 - - HYPH 34823 8892 9 level level NN 34823 8892 10 distinct distinct JJ 34823 8892 11 from from IN 34823 8892 12 individual individual JJ 34823 8892 13 prices price NNS 34823 8892 14 .... .... . 34823 8893 1 Professor Professor NNP 34823 8893 2 Fisher Fisher NNP 34823 8893 3 's 's POS 34823 8893 4 illustration illustration NN 34823 8893 5 of of IN 34823 8893 6 the the DT 34823 8893 7 ocean ocean NN 34823 8893 8 would would MD 34823 8893 9 be be VB 34823 8893 10 more more RBR 34823 8893 11 apposite apposite JJ 34823 8893 12 if if IN 34823 8893 13 he -PRON- PRP 34823 8893 14 called call VBD 34823 8893 15 it -PRON- PRP 34823 8893 16 a a DT 34823 8893 17 lake lake NN 34823 8893 18 whose whose WP$ 34823 8893 19 level level NN 34823 8893 20 was be VBD 34823 8893 21 continually continually RB 34823 8893 22 changing change VBG 34823 8893 23 , , , 34823 8893 24 and and CC 34823 8893 25 if if IN 34823 8893 26 he -PRON- PRP 34823 8893 27 considered consider VBD 34823 8893 28 each each DT 34823 8893 29 particular particular JJ 34823 8893 30 wave wave NN 34823 8893 31 as as IN 34823 8893 32 extending extend VBG 34823 8893 33 to to IN 34823 8893 34 the the DT 34823 8893 35 bottom bottom NN 34823 8893 36 . . . 34823 8893 37 " " '' 34823 8894 1 Kemmerer Kemmerer NNP 34823 8894 2 , , , 34823 8894 3 _ _ NNP 34823 8894 4 Papers Papers NNPS 34823 8894 5 and and CC 34823 8894 6 Discussions Discussions NNPS 34823 8894 7 _ _ NNP 34823 8894 8 , , , 34823 8894 9 23d 23d CD 34823 8894 10 Annual Annual NNP 34823 8894 11 Meeting Meeting NNP 34823 8894 12 of of IN 34823 8894 13 the the DT 34823 8894 14 American American NNP 34823 8894 15 Economic Economic NNP 34823 8894 16 Association Association NNP 34823 8894 17 , , , 34823 8894 18 p. p. NN 34823 8894 19 53 53 CD 34823 8894 20 . . . 34823 8895 1 At at IN 34823 8895 2 the the DT 34823 8895 3 same same JJ 34823 8895 4 time time NN 34823 8895 5 , , , 34823 8895 6 I -PRON- PRP 34823 8895 7 agree agree VBP 34823 8895 8 with with IN 34823 8895 9 Professor Professor NNP 34823 8895 10 Fisher Fisher NNP 34823 8895 11 that that IN 34823 8895 12 there there EX 34823 8895 13 must must MD 34823 8895 14 be be VB 34823 8895 15 something something NN 34823 8895 16 more more RBR 34823 8895 17 fundamental fundamental JJ 34823 8895 18 than than IN 34823 8895 19 the the DT 34823 8895 20 particular particular JJ 34823 8895 21 prices price NNS 34823 8895 22 to to TO 34823 8895 23 make make VB 34823 8895 24 the the DT 34823 8895 25 scheme scheme NN 34823 8895 26 work work NN 34823 8895 27 . . . 34823 8896 1 This this DT 34823 8896 2 something something NN 34823 8896 3 I -PRON- PRP 34823 8896 4 find find VBP 34823 8896 5 in in IN 34823 8896 6 the the DT 34823 8896 7 absolute absolute JJ 34823 8896 8 value value NN 34823 8896 9 of of IN 34823 8896 10 money money NN 34823 8896 11 . . . 34823 8897 1 [ [ -LRB- 34823 8897 2 353 353 CD 34823 8897 3 ] ] -RRB- 34823 8897 4 _ _ NNP 34823 8897 5 Loc Loc NNP 34823 8897 6 . . . 34823 8898 1 cit cit NNP 34823 8898 2 . . . 34823 8898 3 _ _ NNP 34823 8898 4 , , , 34823 8898 5 p. p. NN 34823 8898 6 14 14 CD 34823 8898 7 . . . 34823 8899 1 [ [ -LRB- 34823 8899 2 354 354 CD 34823 8899 3 ] ] -RRB- 34823 8899 4 _ _ NNP 34823 8899 5 Cf Cf NNP 34823 8899 6 . . . 34823 8900 1 Social Social NNP 34823 8900 2 Value Value NNP 34823 8900 3 _ _ NNP 34823 8900 4 , , , 34823 8900 5 chs chs NNP 34823 8900 6 . . . 34823 8901 1 2 2 CD 34823 8901 2 and and CC 34823 8901 3 11 11 CD 34823 8901 4 , , , 34823 8901 5 and and CC 34823 8901 6 " " `` 34823 8901 7 The the DT 34823 8901 8 Concept Concept NNP 34823 8901 9 of of IN 34823 8901 10 Value Value NNP 34823 8901 11 Further further RB 34823 8901 12 Considered consider VBN 34823 8901 13 , , , 34823 8901 14 " " '' 34823 8901 15 _ _ NNP 34823 8901 16 Quart Quart NNP 34823 8901 17 . . . 34823 8902 1 Jour Jour NNP 34823 8902 2 . . . 34823 8903 1 of of IN 34823 8903 2 Econ Econ NNP 34823 8903 3 . . . 34823 8903 4 _ _ NNP 34823 8903 5 , , , 34823 8903 6 Aug. August NNP 34823 8903 7 , , , 34823 8903 8 1915 1915 CD 34823 8903 9 . . . 34823 8904 1 See see VB 34823 8904 2 also also RB 34823 8904 3 , , , 34823 8904 4 _ _ NNP 34823 8904 5 supra supra NNP 34823 8904 6 _ _ NNP 34823 8904 7 , , , 34823 8904 8 the the DT 34823 8904 9 chs chs NN 34823 8904 10 . . . 34823 8905 1 on on IN 34823 8905 2 " " `` 34823 8905 3 Value value NN 34823 8905 4 , , , 34823 8905 5 " " '' 34823 8905 6 " " `` 34823 8905 7 Supply supply NN 34823 8905 8 and and CC 34823 8905 9 Demand demand NN 34823 8905 10 , , , 34823 8905 11 " " '' 34823 8905 12 " " `` 34823 8905 13 Cost cost NN 34823 8905 14 of of IN 34823 8905 15 Production production NN 34823 8905 16 , , , 34823 8905 17 " " '' 34823 8905 18 and and CC 34823 8905 19 " " `` 34823 8905 20 Capitalization Capitalization NNP 34823 8905 21 . . . 34823 8905 22 " " '' 34823 8906 1 [ [ -LRB- 34823 8906 2 355 355 LS 34823 8906 3 ] ] -RRB- 34823 8906 4 This this DT 34823 8906 5 tendency tendency NN 34823 8906 6 may may MD 34823 8906 7 be be VB 34823 8906 8 more more JJR 34823 8906 9 than than IN 34823 8906 10 offset offset VBN 34823 8906 11 by by IN 34823 8906 12 the the DT 34823 8906 13 increasing increase VBG 34823 8906 14 significance significance NN 34823 8906 15 of of IN 34823 8906 16 money money NN 34823 8906 17 as as IN 34823 8906 18 a a DT 34823 8906 19 " " `` 34823 8906 20 bearer bearer NN 34823 8906 21 of of IN 34823 8906 22 options option NNS 34823 8906 23 " " '' 34823 8906 24 or or CC 34823 8906 25 " " `` 34823 8906 26 store store NN 34823 8906 27 of of IN 34823 8906 28 value value NN 34823 8906 29 " " '' 34823 8906 30 in in IN 34823 8906 31 periods period NNS 34823 8906 32 of of IN 34823 8906 33 panic panic NN 34823 8906 34 and and CC 34823 8906 35 depression depression NN 34823 8906 36 . . . 34823 8907 1 See see VB 34823 8907 2 , , , 34823 8907 3 _ _ NNP 34823 8907 4 infra infra NNP 34823 8907 5 _ _ NNP 34823 8907 6 , , , 34823 8907 7 the the DT 34823 8907 8 chapter chapter NN 34823 8907 9 on on IN 34823 8907 10 " " `` 34823 8907 11 The The NNP 34823 8907 12 Functions Functions NNPS 34823 8907 13 of of IN 34823 8907 14 Money Money NNP 34823 8907 15 , , , 34823 8907 16 " " '' 34823 8907 17 and and CC 34823 8907 18 Davenport Davenport NNP 34823 8907 19 , , , 34823 8907 20 _ _ NNP 34823 8907 21 Economics Economics NNP 34823 8907 22 of of IN 34823 8907 23 Enterprise Enterprise NNP 34823 8907 24 _ _ NNP 34823 8907 25 , , , 34823 8907 26 pp pp NNP 34823 8907 27 . . . 34823 8908 1 301 301 CD 34823 8908 2 - - SYM 34823 8908 3 03 03 CD 34823 8908 4 . . . 34823 8909 1 [ [ -LRB- 34823 8909 2 356 356 CD 34823 8909 3 ] ] -RRB- 34823 8909 4 " " `` 34823 8909 5 Agricultural Agricultural NNP 34823 8909 6 Credit Credit NNP 34823 8909 7 in in IN 34823 8909 8 the the DT 34823 8909 9 United United NNP 34823 8909 10 States States NNP 34823 8909 11 , , , 34823 8909 12 " " '' 34823 8909 13 _ _ NNP 34823 8909 14 Quart Quart NNP 34823 8909 15 . . . 34823 8910 1 Jour Jour NNP 34823 8910 2 . . . 34823 8911 1 of of IN 34823 8911 2 Econ Econ NNP 34823 8911 3 . . . 34823 8911 4 _ _ NNP 34823 8911 5 , , , 34823 8911 6 Aug. August NNP 34823 8911 7 , , , 34823 8911 8 1914 1914 CD 34823 8911 9 , , , 34823 8911 10 p. p. NN 34823 8911 11 708 708 CD 34823 8911 12 , , , 34823 8911 13 n. n. NNP 34823 8911 14 [ [ -LRB- 34823 8911 15 357 357 CD 34823 8911 16 ] ] -RRB- 34823 8911 17 Iowa Iowa NNP 34823 8911 18 farm farm NN 34823 8911 19 lands land NNS 34823 8911 20 are be VBP 34823 8911 21 exceedingly exceedingly RB 34823 8911 22 active active JJ 34823 8911 23 , , , 34823 8911 24 18 18 CD 34823 8911 25 % % NN 34823 8911 26 of of IN 34823 8911 27 the the DT 34823 8911 28 farms farm NNS 34823 8911 29 being be VBG 34823 8911 30 sold sell VBN 34823 8911 31 annually annually RB 34823 8911 32 . . . 34823 8912 1 The the DT 34823 8912 2 Mississippi Mississippi NNP 34823 8912 3 lands land NNS 34823 8912 4 are be VBP 34823 8912 5 much much RB 34823 8912 6 less less RBR 34823 8912 7 active active JJ 34823 8912 8 . . . 34823 8913 1 I -PRON- PRP 34823 8913 2 am be VBP 34823 8913 3 indebted indebted JJ 34823 8913 4 to to IN 34823 8913 5 Dr. Dr. NNP 34823 8913 6 Pope Pope NNP 34823 8913 7 for for IN 34823 8913 8 information information NN 34823 8913 9 regarding regard VBG 34823 8913 10 Iowa Iowa NNP 34823 8913 11 on on IN 34823 8913 12 this this DT 34823 8913 13 point point NN 34823 8913 14 . . . 34823 8914 1 [ [ -LRB- 34823 8914 2 358 358 CD 34823 8914 3 ] ] -RRB- 34823 8914 4 The the DT 34823 8914 5 Single Single NNP 34823 8914 6 Taxer Taxer NNP 34823 8914 7 could could MD 34823 8914 8 at at IN 34823 8914 9 least least JJS 34823 8914 10 retort retort VB 34823 8914 11 that that IN 34823 8914 12 this this DT 34823 8914 13 need nee MD 34823 8914 14 not not RB 34823 8914 15 protect protect VB 34823 8914 16 landlords landlord NNS 34823 8914 17 in in IN 34823 8914 18 countries country NNS 34823 8914 19 , , , 34823 8914 20 like like IN 34823 8914 21 England England NNP 34823 8914 22 , , , 34823 8914 23 which which WDT 34823 8914 24 lend lend VBP 34823 8914 25 surplus surplus JJ 34823 8914 26 capital capital NN 34823 8914 27 abroad abroad RB 34823 8914 28 . . . 34823 8915 1 [ [ -LRB- 34823 8915 2 359 359 CD 34823 8915 3 ] ] -RRB- 34823 8915 4 _ _ NNP 34823 8915 5 Cf Cf NNP 34823 8915 6 . . . 34823 8915 7 _ _ NNP 34823 8915 8 Trosien Trosien NNP 34823 8915 9 , , , 34823 8915 10 _ _ NNP 34823 8915 11 Der Der NNP 34823 8915 12 landwirtschaftliche landwirtschaftliche NNP 34823 8915 13 Kredit Kredit NNP 34823 8915 14 und und JJ 34823 8915 15 seine seine NN 34823 8915 16 durchgreifende durchgreifende NNP 34823 8915 17 Verbesserung Verbesserung NNP 34823 8915 18 _ _ NNP 34823 8915 19 , , , 34823 8915 20 p. p. NN 34823 8915 21 29 29 CD 34823 8915 22 , , , 34823 8915 23 cited cite VBN 34823 8915 24 by by IN 34823 8915 25 J. J. NNP 34823 8915 26 E. E. NNP 34823 8915 27 Pope Pope NNP 34823 8915 28 , , , 34823 8915 29 _ _ NNP 34823 8915 30 loc loc NN 34823 8915 31 . . . 34823 8916 1 cit cit NNP 34823 8916 2 . . . 34823 8916 3 _ _ NNP 34823 8916 4 , , , 34823 8916 5 p. p. NN 34823 8916 6 705 705 CD 34823 8916 7 , , , 34823 8916 8 n. n. NNP 34823 8916 9 [ [ -LRB- 34823 8916 10 360 360 CD 34823 8916 11 ] ] -RRB- 34823 8916 12 This this DT 34823 8916 13 was be VBD 34823 8916 14 seen see VBN 34823 8916 15 by by IN 34823 8916 16 Mill Mill NNP 34823 8916 17 , , , 34823 8916 18 ( ( -LRB- 34823 8916 19 _ _ NNP 34823 8916 20 Principles Principles NNP 34823 8916 21 _ _ NNP 34823 8916 22 , , , 34823 8916 23 Bk Bk NNP 34823 8916 24 . . . 34823 8917 1 III III NNP 34823 8917 2 , , , 34823 8917 3 ch ch NN 34823 8917 4 . . . 34823 8918 1 viii viii NNP 34823 8918 2 , , , 34823 8918 3 par par NN 34823 8918 4 . . . 34823 8919 1 4 4 LS 34823 8919 2 ) ) -RRB- 34823 8919 3 , , , 34823 8919 4 and and CC 34823 8919 5 has have VBZ 34823 8919 6 been be VBN 34823 8919 7 especially especially RB 34823 8919 8 emphasized emphasize VBN 34823 8919 9 by by IN 34823 8919 10 Laughlin Laughlin NNP 34823 8919 11 , , , 34823 8919 12 _ _ NNP 34823 8919 13 Principles Principles NNPS 34823 8919 14 of of IN 34823 8919 15 Money Money NNP 34823 8919 16 _ _ NNP 34823 8919 17 , , , 34823 8919 18 ch ch NN 34823 8919 19 . . . 34823 8920 1 10 10 CD 34823 8920 2 . . . 34823 8921 1 _ _ NNP 34823 8921 2 Cf Cf NNP 34823 8921 3 . . . 34823 8921 4 _ _ NNP 34823 8921 5 A. a. NN 34823 8921 6 C. C. NNP 34823 8921 7 Whitaker Whitaker NNP 34823 8921 8 's 's POS 34823 8921 9 discussion discussion NN 34823 8921 10 in in IN 34823 8921 11 the the DT 34823 8921 12 _ _ NNP 34823 8921 13 Quart Quart NNP 34823 8921 14 . . . 34823 8922 1 Jour Jour NNP 34823 8922 2 . . . 34823 8923 1 of of IN 34823 8923 2 Econ Econ NNP 34823 8923 3 . . . 34823 8923 4 _ _ NNP 34823 8923 5 , , , 34823 8923 6 Feb. February NNP 34823 8923 7 1904 1904 CD 34823 8923 8 . . . 34823 8924 1 [ [ -LRB- 34823 8924 2 361 361 CD 34823 8924 3 ] ] -RRB- 34823 8924 4 _ _ NNP 34823 8924 5 Supra Supra NNP 34823 8924 6 _ _ NNP 34823 8924 7 , , , 34823 8924 8 p. p. NN 34823 8924 9 124 124 CD 34823 8924 10 , , , 34823 8924 11 and and CC 34823 8924 12 ch ch NN 34823 8924 13 . . . 34823 8925 1 on on IN 34823 8925 2 " " `` 34823 8925 3 Dodo Dodo NNP 34823 8925 4 - - HYPH 34823 8925 5 Bones bone NNS 34823 8925 6 . . . 34823 8925 7 " " '' 34823 8926 1 [ [ -LRB- 34823 8926 2 362 362 CD 34823 8926 3 ] ] -RRB- 34823 8926 4 Comptroller Comptroller NNP 34823 8926 5 of of IN 34823 8926 6 the the DT 34823 8926 7 Currency Currency NNP 34823 8926 8 estimates estimate VBZ 34823 8926 9 the the DT 34823 8926 10 State State NNP 34823 8926 11 bank bank NN 34823 8926 12 - - HYPH 34823 8926 13 notes note NNS 34823 8926 14 in in IN 34823 8926 15 1861 1861 CD 34823 8926 16 at at IN 34823 8926 17 202 202 CD 34823 8926 18 millions million NNS 34823 8926 19 ; ; : 34823 8926 20 in in IN 34823 8926 21 1862 1862 CD 34823 8926 22 , , , 34823 8926 23 at at IN 34823 8926 24 183 183 CD 34823 8926 25 millions million NNS 34823 8926 26 . . . 34823 8927 1 _ _ NNP 34823 8927 2 Report Report NNP 34823 8927 3 of of IN 34823 8927 4 the the DT 34823 8927 5 Comptroller Comptroller NNP 34823 8927 6 of of IN 34823 8927 7 the the DT 34823 8927 8 Currency Currency NNP 34823 8927 9 _ _ NNP 34823 8927 10 , , , 34823 8927 11 1915 1915 CD 34823 8927 12 , , , 34823 8927 13 vol vol NNP 34823 8927 14 . . . 34823 8928 1 II II NNP 34823 8928 2 , , , 34823 8928 3 p. p. NN 34823 8928 4 37 37 CD 34823 8928 5 . . . 34823 8929 1 [ [ -LRB- 34823 8929 2 363 363 CD 34823 8929 3 ] ] -RRB- 34823 8929 4 W. W. NNP 34823 8929 5 C. C. NNP 34823 8929 6 Mitchell Mitchell NNP 34823 8929 7 , , , 34823 8929 8 _ _ NNP 34823 8929 9 History history NN 34823 8929 10 of of IN 34823 8929 11 the the DT 34823 8929 12 Greenbacks Greenbacks NNPS 34823 8929 13 _ _ NNP 34823 8929 14 , , , 34823 8929 15 ch ch NN 34823 8929 16 . . . 34823 8930 1 on on IN 34823 8930 2 " " `` 34823 8930 3 The the DT 34823 8930 4 Circulating Circulating NNP 34823 8930 5 Medium medium NN 34823 8930 6 , , , 34823 8930 7 " " '' 34823 8930 8 and and CC 34823 8930 9 _ _ NNP 34823 8930 10 passim passim NN 34823 8930 11 _ _ NNP 34823 8930 12 . . . 34823 8931 1 [ [ -LRB- 34823 8931 2 364 364 CD 34823 8931 3 ] ] -RRB- 34823 8931 4 See see VB 34823 8931 5 Conant Conant NNP 34823 8931 6 , , , 34823 8931 7 _ _ NNP 34823 8931 8 Modern modern JJ 34823 8931 9 Banks Banks NNPS 34823 8931 10 of of IN 34823 8931 11 Issue Issue NNP 34823 8931 12 _ _ NNP 34823 8931 13 , , , 34823 8931 14 New New NNP 34823 8931 15 York York NNP 34823 8931 16 , , , 34823 8931 17 1896 1896 CD 34823 8931 18 , , , 34823 8931 19 p. p. NN 34823 8931 20 114 114 CD 34823 8931 21 . . . 34823 8932 1 An an DT 34823 8932 2 interesting interesting JJ 34823 8932 3 analysis analysis NN 34823 8932 4 of of IN 34823 8932 5 the the DT 34823 8932 6 course course NN 34823 8932 7 of of IN 34823 8932 8 the the DT 34823 8932 9 gold gold NN 34823 8932 10 premium premium NN 34823 8932 11 and and CC 34823 8932 12 of of IN 34823 8932 13 prices price NNS 34823 8932 14 during during IN 34823 8932 15 the the DT 34823 8932 16 period period NN 34823 8932 17 of of IN 34823 8932 18 the the DT 34823 8932 19 Bank Bank NNP 34823 8932 20 Restriction Restriction NNP 34823 8932 21 in in IN 34823 8932 22 England England NNP 34823 8932 23 , , , 34823 8932 24 and and CC 34823 8932 25 of of IN 34823 8932 26 the the DT 34823 8932 27 controversies controversy NNS 34823 8932 28 relating relate VBG 34823 8932 29 thereto thereto NN 34823 8932 30 , , , 34823 8932 31 will will MD 34823 8932 32 be be VB 34823 8932 33 found find VBN 34823 8932 34 in in IN 34823 8932 35 Knies Knies NNP 34823 8932 36 , , , 34823 8932 37 _ _ NNP 34823 8932 38 Der Der NNP 34823 8932 39 Credit Credit NNP 34823 8932 40 _ _ NNP 34823 8932 41 ( ( -LRB- 34823 8932 42 vol vol NNP 34823 8932 43 . . . 34823 8933 1 II II NNP 34823 8933 2 of of IN 34823 8933 3 _ _ NNP 34823 8933 4 Geld Geld NNP 34823 8933 5 und und NN 34823 8933 6 Credit Credit NNP 34823 8933 7 _ _ NNP 34823 8933 8 ) ) -RRB- 34823 8933 9 , , , 34823 8933 10 pp pp NNP 34823 8933 11 . . . 34823 8934 1 247 247 CD 34823 8934 2 _ _ NNP 34823 8934 3 et et NNP 34823 8934 4 seq seq NN 34823 8934 5 . . . 34823 8934 6 _ _ NNP 34823 8934 7 The the DT 34823 8934 8 same same JJ 34823 8934 9 period period NN 34823 8934 10 is be VBZ 34823 8934 11 studied study VBN 34823 8934 12 in in IN 34823 8934 13 detail detail NN 34823 8934 14 by by IN 34823 8934 15 Thos Thos NNP 34823 8934 16 . . . 34823 8935 1 Tooke Tooke NNP 34823 8935 2 in in IN 34823 8935 3 his -PRON- PRP$ 34823 8935 4 _ _ NNP 34823 8935 5 History history NN 34823 8935 6 of of IN 34823 8935 7 Prices Prices NNPS 34823 8935 8 _ _ NNP 34823 8935 9 . . . 34823 8936 1 [ [ -LRB- 34823 8936 2 365 365 CD 34823 8936 3 ] ] -RRB- 34823 8936 4 _ _ NNP 34823 8936 5 Money Money NNP 34823 8936 6 and and CC 34823 8936 7 Monetary Monetary NNP 34823 8936 8 Problems Problems NNPS 34823 8936 9 _ _ NNP 34823 8936 10 , , , 34823 8936 11 p. p. NN 34823 8936 12 105 105 CD 34823 8936 13 , , , 34823 8936 14 and and CC 34823 8936 15 preceding precede VBG 34823 8936 16 . . . 34823 8937 1 [ [ -LRB- 34823 8937 2 366 366 CD 34823 8937 3 ] ] -RRB- 34823 8937 4 Nicholson Nicholson NNP 34823 8937 5 , , , 34823 8937 6 _ _ NNP 34823 8937 7 loc loc NNP 34823 8937 8 . . . 34823 8938 1 cit cit NNP 34823 8938 2 . . . 34823 8938 3 _ _ NNP 34823 8938 4 , , , 34823 8938 5 84ff 84ff NN 34823 8938 6 . . . 34823 8939 1 [ [ -LRB- 34823 8939 2 367 367 CD 34823 8939 3 ] ] -RRB- 34823 8939 4 _ _ NNP 34823 8939 5 Ibid Ibid NNP 34823 8939 6 . . . 34823 8939 7 _ _ NNP 34823 8939 8 , , , 34823 8939 9 76ff 76ff NN 34823 8939 10 . . . 34823 8940 1 [ [ -LRB- 34823 8940 2 368 368 CD 34823 8940 3 ] ] -RRB- 34823 8940 4 _ _ NNP 34823 8940 5 Cf Cf NNP 34823 8940 6 . . . 34823 8940 7 _ _ NNP 34823 8940 8 Laughlin Laughlin NNP 34823 8940 9 , , , 34823 8940 10 J. J. NNP 34823 8940 11 L. L. NNP 34823 8940 12 , , , 34823 8940 13 _ _ NNP 34823 8940 14 Principles Principles NNPS 34823 8940 15 of of IN 34823 8940 16 Money Money NNP 34823 8940 17 _ _ NNP 34823 8940 18 , , , 34823 8940 19 and and CC 34823 8940 20 Scott Scott NNP 34823 8940 21 , , , 34823 8940 22 W. W. NNP 34823 8940 23 A. A. NNP 34823 8940 24 , , , 34823 8940 25 _ _ NNP 34823 8940 26 Money Money NNP 34823 8940 27 and and CC 34823 8940 28 Banking Banking NNP 34823 8940 29 _ _ NNP 34823 8940 30 . . . 34823 8941 1 [ [ -LRB- 34823 8941 2 369 369 CD 34823 8941 3 ] ] -RRB- 34823 8941 4 _ _ NNP 34823 8941 5 Cf Cf NNP 34823 8941 6 . . . 34823 8941 7 _ _ NNP 34823 8941 8 _ _ NNP 34823 8941 9 infra infra NNP 34823 8941 10 _ _ NNP 34823 8941 11 , , , 34823 8941 12 our -PRON- PRP$ 34823 8941 13 discussion discussion NN 34823 8941 14 of of IN 34823 8941 15 credit credit NN 34823 8941 16 . . . 34823 8942 1 It -PRON- PRP 34823 8942 2 is be VBZ 34823 8942 3 not not RB 34823 8942 4 maintained maintain VBN 34823 8942 5 that that IN 34823 8942 6 credit credit NN 34823 8942 7 needs need NNS 34823 8942 8 to to TO 34823 8942 9 be be VB 34823 8942 10 based base VBN 34823 8942 11 on on IN 34823 8942 12 _ _ NNP 34823 8942 13 physical physical JJ 34823 8942 14 _ _ NNP 34823 8942 15 goods good NNS 34823 8942 16 , , , 34823 8942 17 but but CC 34823 8942 18 it -PRON- PRP 34823 8942 19 is be VBZ 34823 8942 20 maintained maintain VBN 34823 8942 21 that that DT 34823 8942 22 credit credit NN 34823 8942 23 is be VBZ 34823 8942 24 based base VBN 34823 8942 25 on on IN 34823 8942 26 _ _ NNP 34823 8942 27 values value NNS 34823 8942 28 _ _ NNP 34823 8942 29 , , , 34823 8942 30 which which WDT 34823 8942 31 are be VBP 34823 8942 32 generally generally RB 34823 8942 33 not not RB 34823 8942 34 the the DT 34823 8942 35 value value NN 34823 8942 36 of of IN 34823 8942 37 a a DT 34823 8942 38 sum sum NN 34823 8942 39 of of IN 34823 8942 40 gold gold NN 34823 8942 41 . . . 34823 8943 1 [ [ -LRB- 34823 8943 2 370 370 CD 34823 8943 3 ] ] -RRB- 34823 8943 4 I -PRON- PRP 34823 8943 5 have have VBP 34823 8943 6 elaborated elaborate VBN 34823 8943 7 this this DT 34823 8943 8 notion notion NN 34823 8943 9 in in IN 34823 8943 10 a a DT 34823 8943 11 hypothetical hypothetical JJ 34823 8943 12 case case NN 34823 8943 13 in in IN 34823 8943 14 the the DT 34823 8943 15 chapter chapter NN 34823 8943 16 on on IN 34823 8943 17 " " `` 34823 8943 18 Dodo Dodo NNP 34823 8943 19 - - HYPH 34823 8943 20 Bones bone NNS 34823 8943 21 , , , 34823 8943 22 " " '' 34823 8943 23 to to TO 34823 8943 24 which which WDT 34823 8943 25 I -PRON- PRP 34823 8943 26 would would MD 34823 8943 27 now now RB 34823 8943 28 refer refer VB 34823 8943 29 . . . 34823 8944 1 See see VB 34823 8944 2 also also RB 34823 8944 3 the the DT 34823 8944 4 analysis analysis NN 34823 8944 5 of of IN 34823 8944 6 an an DT 34823 8944 7 " " `` 34823 8944 8 ideal ideal JJ 34823 8944 9 credit credit NN 34823 8944 10 economy economy NN 34823 8944 11 " " '' 34823 8944 12 in in IN 34823 8944 13 the the DT 34823 8944 14 discussion discussion NN 34823 8944 15 of of IN 34823 8944 16 reserves reserve NNS 34823 8944 17 in in IN 34823 8944 18 the the DT 34823 8944 19 section section NN 34823 8944 20 on on IN 34823 8944 21 Credit Credit NNP 34823 8944 22 , , , 34823 8944 23 in in IN 34823 8944 24 Part Part NNP 34823 8944 25 III III NNP 34823 8944 26 . . . 34823 8945 1 [ [ -LRB- 34823 8945 2 371 371 CD 34823 8945 3 ] ] -RRB- 34823 8945 4 _ _ NNP 34823 8945 5 Infra Infra NNP 34823 8945 6 _ _ NNP 34823 8945 7 , , , 34823 8945 8 the the DT 34823 8945 9 discussion discussion NN 34823 8945 10 of of IN 34823 8945 11 reserves reserve NNS 34823 8945 12 in in IN 34823 8945 13 Part Part NNP 34823 8945 14 III III NNP 34823 8945 15 . . . 34823 8946 1 [ [ -LRB- 34823 8946 2 372 372 CD 34823 8946 3 ] ] -RRB- 34823 8946 4 _ _ NNP 34823 8946 5 Cf Cf NNP 34823 8946 6 . . . 34823 8946 7 _ _ NNP 34823 8946 8 the the DT 34823 8946 9 chapter chapter NN 34823 8946 10 on on IN 34823 8946 11 " " `` 34823 8946 12 The the DT 34823 8946 13 Origin Origin NNP 34823 8946 14 of of IN 34823 8946 15 Money Money NNP 34823 8946 16 , , , 34823 8946 17 " " '' 34823 8946 18 _ _ NNP 34823 8946 19 infra infra NNP 34823 8946 20 _ _ NNP 34823 8946 21 . . . 34823 8947 1 [ [ -LRB- 34823 8947 2 373 373 CD 34823 8947 3 ] ] -RRB- 34823 8947 4 See see VB 34823 8947 5 especially especially RB 34823 8947 6 _ _ IN 34823 8947 7 History history NN 34823 8947 8 of of IN 34823 8947 9 the the DT 34823 8947 10 Greenbacks Greenbacks NNPS 34823 8947 11 _ _ NNP 34823 8947 12 , , , 34823 8947 13 pp pp NNP 34823 8947 14 . . . 34823 8948 1 188ff 188ff NNP 34823 8948 2 . . . 34823 8949 1 ; ; : 34823 8949 2 207 207 CD 34823 8949 3 - - HYPH 34823 8949 4 208 208 CD 34823 8949 5 ; ; : 34823 8949 6 275 275 CD 34823 8949 7 - - SYM 34823 8949 8 279 279 CD 34823 8949 9 . . . 34823 8950 1 [ [ -LRB- 34823 8950 2 374 374 CD 34823 8950 3 ] ] -RRB- 34823 8950 4 Various various JJ 34823 8950 5 efforts effort NNS 34823 8950 6 have have VBP 34823 8950 7 been be VBN 34823 8950 8 made make VBN 34823 8950 9 by by IN 34823 8950 10 adherents adherent NNS 34823 8950 11 of of IN 34823 8950 12 the the DT 34823 8950 13 quantity quantity NN 34823 8950 14 theory theory NN 34823 8950 15 to to TO 34823 8950 16 meet meet VB 34823 8950 17 the the DT 34823 8950 18 facts fact NNS 34823 8950 19 developed develop VBN 34823 8950 20 by by IN 34823 8950 21 Mitchell Mitchell NNP 34823 8950 22 with with IN 34823 8950 23 reference reference NN 34823 8950 24 to to IN 34823 8950 25 the the DT 34823 8950 26 Greenbacks greenback NNS 34823 8950 27 . . . 34823 8951 1 Thus thus RB 34823 8951 2 , , , 34823 8951 3 it -PRON- PRP 34823 8951 4 has have VBZ 34823 8951 5 been be VBN 34823 8951 6 suggested suggest VBN 34823 8951 7 that that IN 34823 8951 8 the the DT 34823 8951 9 coming come VBG 34823 8951 10 to to IN 34823 8951 11 par par NN 34823 8951 12 of of IN 34823 8951 13 the the DT 34823 8951 14 Greenbacks greenback NNS 34823 8951 15 shortly shortly RB 34823 8951 16 before before IN 34823 8951 17 the the DT 34823 8951 18 resumption resumption NN 34823 8951 19 of of IN 34823 8951 20 specie specie JJ 34823 8951 21 payments payment NNS 34823 8951 22 was be VBD 34823 8951 23 an an DT 34823 8951 24 accidental accidental JJ 34823 8951 25 coincidence coincidence NN 34823 8951 26 , , , 34823 8951 27 due due IN 34823 8951 28 to to IN 34823 8951 29 the the DT 34823 8951 30 fact fact NN 34823 8951 31 that that IN 34823 8951 32 the the DT 34823 8951 33 volume volume NN 34823 8951 34 of of IN 34823 8951 35 trade trade NN 34823 8951 36 in in IN 34823 8951 37 the the DT 34823 8951 38 United United NNP 34823 8951 39 States States NNP 34823 8951 40 just just RB 34823 8951 41 happened happen VBD 34823 8951 42 to to TO 34823 8951 43 grow grow VB 34823 8951 44 to to IN 34823 8951 45 the the DT 34823 8951 46 right right JJ 34823 8951 47 amount amount NN 34823 8951 48 to to TO 34823 8951 49 bring bring VB 34823 8951 50 the the DT 34823 8951 51 Greenbacks greenback NNS 34823 8951 52 to to IN 34823 8951 53 par par NN 34823 8951 54 at at IN 34823 8951 55 that that DT 34823 8951 56 time time NN 34823 8951 57 . . . 34823 8952 1 No no DT 34823 8952 2 statistical statistical JJ 34823 8952 3 evidence evidence NN 34823 8952 4 has have VBZ 34823 8952 5 been be VBN 34823 8952 6 offered offer VBN 34823 8952 7 for for IN 34823 8952 8 this this DT 34823 8952 9 thesis thesis NN 34823 8952 10 , , , 34823 8952 11 I -PRON- PRP 34823 8952 12 believe believe VBP 34823 8952 13 . . . 34823 8953 1 It -PRON- PRP 34823 8953 2 is be VBZ 34823 8953 3 , , , 34823 8953 4 indeed indeed RB 34823 8953 5 , , , 34823 8953 6 the the DT 34823 8953 7 only only JJ 34823 8953 8 logical logical JJ 34823 8953 9 thing thing NN 34823 8953 10 which which WDT 34823 8953 11 a a DT 34823 8953 12 quantity quantity NN 34823 8953 13 theorist theorist NN 34823 8953 14 could could MD 34823 8953 15 say say VB 34823 8953 16 on on IN 34823 8953 17 the the DT 34823 8953 18 matter matter NN 34823 8953 19 , , , 34823 8953 20 except except IN 34823 8953 21 one one CD 34823 8953 22 alternative alternative NN 34823 8953 23 , , , 34823 8953 24 ( ( -LRB- 34823 8953 25 F. F. NNP 34823 8953 26 R. R. NNP 34823 8953 27 Clow Clow NNP 34823 8953 28 , , , 34823 8953 29 _ _ NNP 34823 8953 30 J. J. NNP 34823 8954 1 P. P. NNP 34823 8954 2 E. E. NNP 34823 8954 3 _ _ NNP 34823 8954 4 , , , 34823 8954 5 vol vol NNP 34823 8954 6 . . . 34823 8955 1 II II NNP 34823 8955 2 , , , 34823 8955 3 p. p. NN 34823 8955 4 597 597 CD 34823 8955 5 ) ) -RRB- 34823 8955 6 namely namely RB 34823 8955 7 , , , 34823 8955 8 that that IN 34823 8955 9 if if IN 34823 8955 10 the the DT 34823 8955 11 Greenbacks greenback NNS 34823 8955 12 should should MD 34823 8955 13 exist exist VB 34823 8955 14 in in IN 34823 8955 15 such such JJ 34823 8955 16 quantity quantity NN 34823 8955 17 that that WDT 34823 8955 18 , , , 34823 8955 19 under under IN 34823 8955 20 the the DT 34823 8955 21 quantity quantity NN 34823 8955 22 theory theory NN 34823 8955 23 , , , 34823 8955 24 their -PRON- PRP$ 34823 8955 25 value value NN 34823 8955 26 ought ought MD 34823 8955 27 to to TO 34823 8955 28 fall fall VB 34823 8955 29 below below IN 34823 8955 30 the the DT 34823 8955 31 discounted discount VBN 34823 8955 32 future future JJ 34823 8955 33 value value NN 34823 8955 34 of of IN 34823 8955 35 the the DT 34823 8955 36 gold gold NN 34823 8955 37 in in IN 34823 8955 38 which which WDT 34823 8955 39 they -PRON- PRP 34823 8955 40 were be VBD 34823 8955 41 to to TO 34823 8955 42 be be VB 34823 8955 43 redeemed redeem VBN 34823 8955 44 , , , 34823 8955 45 speculators speculator NNS 34823 8955 46 would would MD 34823 8955 47 take take VB 34823 8955 48 them -PRON- PRP 34823 8955 49 out out IN 34823 8955 50 of of IN 34823 8955 51 circulation circulation NN 34823 8955 52 , , , 34823 8955 53 holding hold VBG 34823 8955 54 them -PRON- PRP 34823 8955 55 for for IN 34823 8955 56 the the DT 34823 8955 57 interest interest NN 34823 8955 58 , , , 34823 8955 59 and and CC 34823 8955 60 so so RB 34823 8955 61 reduce reduce VB 34823 8955 62 their -PRON- PRP$ 34823 8955 63 quantity quantity NN 34823 8955 64 that that IN 34823 8955 65 the the DT 34823 8955 66 value value NN 34823 8955 67 would would MD 34823 8955 68 rise rise VB 34823 8955 69 to to IN 34823 8955 70 that that DT 34823 8955 71 discounted discount VBN 34823 8955 72 future future JJ 34823 8955 73 value value NN 34823 8955 74 . . . 34823 8956 1 The the DT 34823 8956 2 first first JJ 34823 8956 3 thesis thesis NN 34823 8956 4 , , , 34823 8956 5 that that WDT 34823 8956 6 based base VBN 34823 8956 7 on on IN 34823 8956 8 putative putative JJ 34823 8956 9 changes change NNS 34823 8956 10 in in IN 34823 8956 11 the the DT 34823 8956 12 volume volume NN 34823 8956 13 of of IN 34823 8956 14 trade trade NN 34823 8956 15 , , , 34823 8956 16 though though IN 34823 8956 17 highly highly RB 34823 8956 18 improbable improbable JJ 34823 8956 19 in in IN 34823 8956 20 fact fact NN 34823 8956 21 , , , 34823 8956 22 is be VBZ 34823 8956 23 logically logically RB 34823 8956 24 possible possible JJ 34823 8956 25 . . . 34823 8957 1 The the DT 34823 8957 2 second second JJ 34823 8957 3 thesis thesis NN 34823 8957 4 , , , 34823 8957 5 however however RB 34823 8957 6 ( ( -LRB- 34823 8957 7 _ _ NNP 34823 8957 8 Purchasing Purchasing NNP 34823 8957 9 Power Power NNP 34823 8957 10 of of IN 34823 8957 11 Money Money NNP 34823 8957 12 _ _ NNP 34823 8957 13 , , , 34823 8957 14 p. p. NN 34823 8957 15 261 261 CD 34823 8957 16 ) ) -RRB- 34823 8957 17 meets meet VBZ 34823 8957 18 serious serious JJ 34823 8957 19 difficulties difficulty NNS 34823 8957 20 . . . 34823 8958 1 What what WDT 34823 8958 2 motive motive NN 34823 8958 3 would would MD 34823 8958 4 a a DT 34823 8958 5 speculator speculator NN 34823 8958 6 have have VB 34823 8958 7 for for IN 34823 8958 8 taking take VBG 34823 8958 9 the the DT 34823 8958 10 Greenbacks greenback NNS 34823 8958 11 out out IN 34823 8958 12 of of IN 34823 8958 13 circulation circulation NN 34823 8958 14 , , , 34823 8958 15 and and CC 34823 8958 16 hoarding hoard VBG 34823 8958 17 them -PRON- PRP 34823 8958 18 ? ? . 34823 8959 1 The the DT 34823 8959 2 answer answer NN 34823 8959 3 is be VBZ 34823 8959 4 , , , 34823 8959 5 he -PRON- PRP 34823 8959 6 gets get VBZ 34823 8959 7 thereby thereby RB 34823 8959 8 the the DT 34823 8959 9 " " `` 34823 8959 10 interest interest NN 34823 8959 11 , , , 34823 8959 12 " " '' 34823 8959 13 as as IN 34823 8959 14 the the DT 34823 8959 15 Greenbacks greenback NNS 34823 8959 16 approach approach VBP 34823 8959 17 the the DT 34823 8959 18 date date NN 34823 8959 19 for for IN 34823 8959 20 redemption redemption NN 34823 8959 21 in in IN 34823 8959 22 gold gold NN 34823 8959 23 . . . 34823 8960 1 If if IN 34823 8960 2 this this DT 34823 8960 3 were be VBD 34823 8960 4 the the DT 34823 8960 5 only only JJ 34823 8960 6 way way NN 34823 8960 7 in in IN 34823 8960 8 which which WDT 34823 8960 9 he -PRON- PRP 34823 8960 10 could could MD 34823 8960 11 get get VB 34823 8960 12 this this DT 34823 8960 13 gain gain NN 34823 8960 14 , , , 34823 8960 15 the the DT 34823 8960 16 answer answer NN 34823 8960 17 would would MD 34823 8960 18 be be VB 34823 8960 19 good good JJ 34823 8960 20 . . . 34823 8961 1 But but CC 34823 8961 2 there there EX 34823 8961 3 is be VBZ 34823 8961 4 another another DT 34823 8961 5 way way NN 34823 8961 6 in in IN 34823 8961 7 which which WDT 34823 8961 8 he -PRON- PRP 34823 8961 9 can can MD 34823 8961 10 get get VB 34823 8961 11 it -PRON- PRP 34823 8961 12 , , , 34823 8961 13 and and CC 34823 8961 14 something something NN 34823 8961 15 more more JJR 34823 8961 16 besides besides RB 34823 8961 17 , , , 34823 8961 18 namely namely RB 34823 8961 19 , , , 34823 8961 20 by by IN 34823 8961 21 _ _ NNP 34823 8961 22 lending lend VBG 34823 8961 23 out out RP 34823 8961 24 _ _ IN 34823 8961 25 his -PRON- PRP$ 34823 8961 26 Greenbacks greenback NNS 34823 8961 27 . . . 34823 8962 1 In in IN 34823 8962 2 that that DT 34823 8962 3 case case NN 34823 8962 4 , , , 34823 8962 5 since since IN 34823 8962 6 the the DT 34823 8962 7 creditor creditor NN 34823 8962 8 gets get VBZ 34823 8962 9 the the DT 34823 8962 10 full full JJ 34823 8962 11 benefit benefit NN 34823 8962 12 of of IN 34823 8962 13 an an DT 34823 8962 14 appreciating appreciate VBG 34823 8962 15 standard standard NN 34823 8962 16 of of IN 34823 8962 17 deferred defer VBN 34823 8962 18 payments payment NNS 34823 8962 19 , , , 34823 8962 20 he -PRON- PRP 34823 8962 21 would would MD 34823 8962 22 get get VB 34823 8962 23 all all PDT 34823 8962 24 the the DT 34823 8962 25 " " `` 34823 8962 26 interest interest NN 34823 8962 27 " " '' 34823 8962 28 which which WDT 34823 8962 29 he -PRON- PRP 34823 8962 30 could could MD 34823 8962 31 get get VB 34823 8962 32 by by IN 34823 8962 33 hoarding hoarding NN 34823 8962 34 , , , 34823 8962 35 and and CC 34823 8962 36 , , , 34823 8962 37 in in IN 34823 8962 38 addition addition NN 34823 8962 39 , , , 34823 8962 40 he -PRON- PRP 34823 8962 41 would would MD 34823 8962 42 get get VB 34823 8962 43 contract contract NN 34823 8962 44 interest interest NN 34823 8962 45 on on IN 34823 8962 46 his -PRON- PRP$ 34823 8962 47 loan loan NN 34823 8962 48 . . . 34823 8963 1 Of of RB 34823 8963 2 course course RB 34823 8963 3 , , , 34823 8963 4 if if IN 34823 8963 5 the the DT 34823 8963 6 principle principle NN 34823 8963 7 of of IN 34823 8963 8 " " `` 34823 8963 9 appreciation appreciation NN 34823 8963 10 and and CC 34823 8963 11 interest interest NN 34823 8963 12 " " '' 34823 8963 13 worked work VBD 34823 8963 14 out out RP 34823 8963 15 with with IN 34823 8963 16 perfect perfect JJ 34823 8963 17 smoothness smoothness NN 34823 8963 18 , , , 34823 8963 19 he -PRON- PRP 34823 8963 20 would would MD 34823 8963 21 find find VB 34823 8963 22 his -PRON- PRP$ 34823 8963 23 contract contract NN 34823 8963 24 interest interest NN 34823 8963 25 reduced reduce VBN 34823 8963 26 as as IN 34823 8963 27 the the DT 34823 8963 28 other other JJ 34823 8963 29 rose rise VBD 34823 8963 30 , , , 34823 8963 31 and and CC 34823 8963 32 one one PRP 34823 8963 33 might may MD 34823 8963 34 even even RB 34823 8963 35 expect expect VB 34823 8963 36 , , , 34823 8963 37 if if IN 34823 8963 38 the the DT 34823 8963 39 Greenbacks greenback NNS 34823 8963 40 were be VBD 34823 8963 41 very very RB 34823 8963 42 redundant redundant JJ 34823 8963 43 , , , 34823 8963 44 that that DT 34823 8963 45 contract contract NN 34823 8963 46 interest interest NN 34823 8963 47 would would MD 34823 8963 48 disappear disappear VB 34823 8963 49 . . . 34823 8964 1 There there EX 34823 8964 2 is be VBZ 34823 8964 3 no no DT 34823 8964 4 evidence evidence NN 34823 8964 5 that that IN 34823 8964 6 this this DT 34823 8964 7 did do VBD 34823 8964 8 happen happen VB 34823 8964 9 , , , 34823 8964 10 however however RB 34823 8964 11 ! ! . 34823 8965 1 And and CC 34823 8965 2 so so RB 34823 8965 3 long long RB 34823 8965 4 as as IN 34823 8965 5 any any DT 34823 8965 6 contract contract NN 34823 8965 7 interest interest NN 34823 8965 8 existed exist VBD 34823 8965 9 , , , 34823 8965 10 we -PRON- PRP 34823 8965 11 have have VBP 34823 8965 12 a a DT 34823 8965 13 thoroughly thoroughly RB 34823 8965 14 valid valid JJ 34823 8965 15 reason reason NN 34823 8965 16 why why WRB 34823 8965 17 a a DT 34823 8965 18 holder holder NN 34823 8965 19 of of IN 34823 8965 20 Greenbacks greenback NNS 34823 8965 21 would would MD 34823 8965 22 lend lend VB 34823 8965 23 them -PRON- PRP 34823 8965 24 rather rather RB 34823 8965 25 than than IN 34823 8965 26 hoard hoard VB 34823 8965 27 them -PRON- PRP 34823 8965 28 . . . 34823 8966 1 Another another DT 34823 8966 2 effort effort NN 34823 8966 3 to to TO 34823 8966 4 harmonize harmonize VB 34823 8966 5 the the DT 34823 8966 6 facts fact NNS 34823 8966 7 with with IN 34823 8966 8 the the DT 34823 8966 9 theory theory NN 34823 8966 10 consists consist VBZ 34823 8966 11 in in IN 34823 8966 12 the the DT 34823 8966 13 contention contention NN 34823 8966 14 that that WDT 34823 8966 15 _ _ NNP 34823 8966 16 anticipated anticipate VBD 34823 8966 17 _ _ NNP 34823 8966 18 future future JJ 34823 8966 19 increases increase NNS 34823 8966 20 in in IN 34823 8966 21 the the DT 34823 8966 22 Greenbacks greenback NNS 34823 8966 23 would would MD 34823 8966 24 work work VB 34823 8966 25 in in IN 34823 8966 26 the the DT 34823 8966 27 same same JJ 34823 8966 28 way way NN 34823 8966 29 as as IN 34823 8966 30 actual actual JJ 34823 8966 31 increases increase NNS 34823 8966 32 . . . 34823 8967 1 But but CC 34823 8967 2 this this DT 34823 8967 3 is be VBZ 34823 8967 4 to to TO 34823 8967 5 shift shift VB 34823 8967 6 the the DT 34823 8967 7 whole whole JJ 34823 8967 8 basis basis NN 34823 8967 9 of of IN 34823 8967 10 the the DT 34823 8967 11 quantity quantity NN 34823 8967 12 theory theory NN 34823 8967 13 , , , 34823 8967 14 which which WDT 34823 8967 15 rests rest VBZ 34823 8967 16 in in IN 34823 8967 17 the the DT 34823 8967 18 notion notion NN 34823 8967 19 of of IN 34823 8967 20 a a DT 34823 8967 21 mechanical mechanical JJ 34823 8967 22 and and CC 34823 8967 23 -- -- : 34823 8967 24 in in IN 34823 8967 25 the the DT 34823 8967 26 mass mass JJ 34823 8967 27 -- -- : 34823 8967 28 unconscious unconscious JJ 34823 8967 29 equilibration equilibration NN 34823 8967 30 of of IN 34823 8967 31 quantity quantity NN 34823 8967 32 of of IN 34823 8967 33 money money NN 34823 8967 34 and and CC 34823 8967 35 number number NN 34823 8967 36 of of IN 34823 8967 37 exchanges exchange NNS 34823 8967 38 . . . 34823 8968 1 The the DT 34823 8968 2 quantity quantity NN 34823 8968 3 of of IN 34823 8968 4 money money NN 34823 8968 5 is be VBZ 34823 8968 6 not not RB 34823 8968 7 increased increase VBN 34823 8968 8 until until IN 34823 8968 9 it -PRON- PRP 34823 8968 10 is be VBZ 34823 8968 11 increased increase VBN 34823 8968 12 ! ! . 34823 8969 1 _ _ NNP 34823 8969 2 Cf Cf NNP 34823 8969 3 . . . 34823 8969 4 _ _ NNP 34823 8969 5 Mill Mill NNP 34823 8969 6 , , , 34823 8969 7 _ _ NNP 34823 8969 8 Principles Principles NNP 34823 8969 9 _ _ NNP 34823 8969 10 , , , 34823 8969 11 Bk Bk NNP 34823 8969 12 . . . 34823 8970 1 III III NNP 34823 8970 2 , , , 34823 8970 3 ch ch NN 34823 8970 4 . . . 34823 8971 1 12 12 CD 34823 8971 2 , , , 34823 8971 3 par par NN 34823 8971 4 . . . 34823 8972 1 2 2 CD 34823 8972 2 , , , 34823 8972 3 and and CC 34823 8972 4 Jos Jos NNP 34823 8972 5 . . . 34823 8973 1 F. F. NNP 34823 8973 2 Johnson Johnson NNP 34823 8973 3 , , , 34823 8973 4 _ _ NNP 34823 8973 5 Money Money NNP 34823 8973 6 and and CC 34823 8973 7 Currency Currency NNP 34823 8973 8 _ _ NNP 34823 8973 9 , , , 34823 8973 10 Rev. Rev. NNP 34823 8974 1 ed ed NNP 34823 8974 2 . . NNP 34823 8974 3 , , , 34823 8974 4 p. p. NN 34823 8974 5 235 235 CD 34823 8974 6 . . . 34823 8975 1 Professor Professor NNP 34823 8975 2 Fisher Fisher NNP 34823 8975 3 has have VBZ 34823 8975 4 another another DT 34823 8975 5 way way NN 34823 8975 6 to to TO 34823 8975 7 meet meet VB 34823 8975 8 the the DT 34823 8975 9 facts fact NNS 34823 8975 10 of of IN 34823 8975 11 the the DT 34823 8975 12 Greenback Greenback NNP 34823 8975 13 régime régime NN 34823 8975 14 , , , 34823 8975 15 and and CC 34823 8975 16 that that DT 34823 8975 17 is be VBZ 34823 8975 18 by by IN 34823 8975 19 holding hold VBG 34823 8975 20 that that IN 34823 8975 21 they -PRON- PRP 34823 8975 22 prove prove VBP 34823 8975 23 his -PRON- PRP$ 34823 8975 24 case case NN 34823 8975 25 ! ! . 34823 8976 1 I -PRON- PRP 34823 8976 2 do do VBP 34823 8976 3 not not RB 34823 8976 4 think think VB 34823 8976 5 that that IN 34823 8976 6 anyone anyone NN 34823 8976 7 , , , 34823 8976 8 however however RB 34823 8976 9 , , , 34823 8976 10 who who WP 34823 8976 11 examines examine VBZ 34823 8976 12 the the DT 34823 8976 13 figures figure NNS 34823 8976 14 he -PRON- PRP 34823 8976 15 offers offer VBZ 34823 8976 16 on on IN 34823 8976 17 p. p. NN 34823 8976 18 260 260 CD 34823 8976 19 ( ( -LRB- 34823 8976 20 _ _ NNP 34823 8976 21 loc loc NN 34823 8976 22 . . . 34823 8977 1 cit cit NNP 34823 8977 2 . . . 34823 8977 3 _ _ NNP 34823 8977 4 ) ) -RRB- 34823 8977 5 will will MD 34823 8977 6 be be VB 34823 8977 7 impressed impress VBN 34823 8977 8 by by IN 34823 8977 9 the the DT 34823 8977 10 degree degree NN 34823 8977 11 of of IN 34823 8977 12 concomitance concomitance NN 34823 8977 13 between between IN 34823 8977 14 money money NN 34823 8977 15 and and CC 34823 8977 16 prices price NNS 34823 8977 17 which which WDT 34823 8977 18 they -PRON- PRP 34823 8977 19 exhibit exhibit VBP 34823 8977 20 , , , 34823 8977 21 especially especially RB 34823 8977 22 after after IN 34823 8977 23 Mitchell Mitchell NNP 34823 8977 24 's 's POS 34823 8977 25 careful careful JJ 34823 8977 26 analysis analysis NN 34823 8977 27 of of IN 34823 8977 28 changes change NNS 34823 8977 29 in in IN 34823 8977 30 detail detail NN 34823 8977 31 . . . 34823 8978 1 At at IN 34823 8978 2 another another DT 34823 8978 3 point point NN 34823 8978 4 , , , 34823 8978 5 Professor Professor NNP 34823 8978 6 Fisher Fisher NNP 34823 8978 7 maintains maintain VBZ 34823 8978 8 ( ( -LRB- 34823 8978 9 p. p. NN 34823 8978 10 263 263 CD 34823 8978 11 ) ) -RRB- 34823 8978 12 that that IN 34823 8978 13 the the DT 34823 8978 14 rapid rapid JJ 34823 8978 15 changes change NNS 34823 8978 16 in in IN 34823 8978 17 gold gold JJ 34823 8978 18 premium premium NN 34823 8978 19 which which WDT 34823 8978 20 came come VBD 34823 8978 21 with with IN 34823 8978 22 news news NN 34823 8978 23 from from IN 34823 8978 24 the the DT 34823 8978 25 military military JJ 34823 8978 26 operations operation NNS 34823 8978 27 ( ( -LRB- 34823 8978 28 _ _ NNP 34823 8978 29 e e NNP 34823 8978 30 . . . 34823 8979 1 g. g. NNP 34823 8979 2 _ _ NNP 34823 8979 3 , , , 34823 8979 4 the the DT 34823 8979 5 4 4 CD 34823 8979 6 % % NN 34823 8979 7 drop drop NN 34823 8979 8 in in IN 34823 8979 9 Greenbacks greenback NNS 34823 8979 10 after after IN 34823 8979 11 Chickamauga Chickamauga NNP 34823 8979 12 ) ) -RRB- 34823 8979 13 , , , 34823 8979 14 were be VBD 34823 8979 15 due due JJ 34823 8979 16 to to IN 34823 8979 17 alterations alteration NNS 34823 8979 18 in in IN 34823 8979 19 velocity velocity NN 34823 8979 20 of of IN 34823 8979 21 circulation circulation NN 34823 8979 22 and and CC 34823 8979 23 in in IN 34823 8979 24 volume volume NN 34823 8979 25 of of IN 34823 8979 26 trade trade NN 34823 8979 27 ! ! . 34823 8980 1 As as IN 34823 8980 2 the the DT 34823 8980 3 gold gold NN 34823 8980 4 market market NN 34823 8980 5 usually usually RB 34823 8980 6 got get VBD 34823 8980 7 the the DT 34823 8980 8 news news NN 34823 8980 9 by by IN 34823 8980 10 wire wire NN 34823 8980 11 , , , 34823 8980 12 before before IN 34823 8980 13 the the DT 34823 8980 14 newspapers newspaper NNS 34823 8980 15 got get VBD 34823 8980 16 it -PRON- PRP 34823 8980 17 , , , 34823 8980 18 however however RB 34823 8980 19 , , , 34823 8980 20 this this DT 34823 8980 21 thesis thesis NN 34823 8980 22 is be VBZ 34823 8980 23 not not RB 34823 8980 24 very very RB 34823 8980 25 convincing convincing JJ 34823 8980 26 . . . 34823 8981 1 [ [ -LRB- 34823 8981 2 375 375 CD 34823 8981 3 ] ] -RRB- 34823 8981 4 Kemmerer Kemmerer NNP 34823 8981 5 , , , 34823 8981 6 E. E. NNP 34823 8981 7 W. W. NNP 34823 8981 8 , , , 34823 8981 9 _ _ NNP 34823 8981 10 Money Money NNP 34823 8981 11 and and CC 34823 8981 12 Credit Credit NNP 34823 8981 13 Instruments Instruments NNPS 34823 8981 14 in in IN 34823 8981 15 their -PRON- PRP$ 34823 8981 16 Relation Relation NNP 34823 8981 17 to to IN 34823 8981 18 General General NNP 34823 8981 19 Prices Prices NNPS 34823 8981 20 _ _ NNP 34823 8981 21 , , , 34823 8981 22 New New NNP 34823 8981 23 York York NNP 34823 8981 24 , , , 34823 8981 25 1907 1907 CD 34823 8981 26 ; ; : 34823 8981 27 Fisher Fisher NNP 34823 8981 28 , , , 34823 8981 29 _ _ NNP 34823 8981 30 Purchasing Purchasing NNP 34823 8981 31 Power Power NNP 34823 8981 32 of of IN 34823 8981 33 Money Money NNP 34823 8981 34 _ _ NNP 34823 8981 35 , , , 34823 8981 36 New New NNP 34823 8981 37 York York NNP 34823 8981 38 , , , 34823 8981 39 1911 1911 CD 34823 8981 40 ; ; : 34823 8981 41 subsequent subsequent JJ 34823 8981 42 yearly yearly JJ 34823 8981 43 continuations continuation NNS 34823 8981 44 of of IN 34823 8981 45 " " `` 34823 8981 46 The the DT 34823 8981 47 Equation Equation NNP 34823 8981 48 of of IN 34823 8981 49 Exchange Exchange NNP 34823 8981 50 " " '' 34823 8981 51 in in IN 34823 8981 52 the the DT 34823 8981 53 _ _ NNP 34823 8981 54 American American NNP 34823 8981 55 Economic Economic NNP 34823 8981 56 Review Review NNP 34823 8981 57 _ _ NNP 34823 8981 58 . . . 34823 8982 1 The the DT 34823 8982 2 references reference NNS 34823 8982 3 here here RB 34823 8982 4 , , , 34823 8982 5 as as IN 34823 8982 6 throughout throughout RB 34823 8982 7 , , , 34823 8982 8 are be VBP 34823 8982 9 to to IN 34823 8982 10 the the DT 34823 8982 11 1913 1913 CD 34823 8982 12 edition edition NN 34823 8982 13 of of IN 34823 8982 14 Professor Professor NNP 34823 8982 15 Fisher Fisher NNP 34823 8982 16 's 's POS 34823 8982 17 book book NN 34823 8982 18 . . . 34823 8983 1 [ [ -LRB- 34823 8983 2 376 376 CD 34823 8983 3 ] ] -RRB- 34823 8983 4 _ _ NNP 34823 8983 5 History history NN 34823 8983 6 of of IN 34823 8983 7 Prices Prices NNPS 34823 8983 8 . . . 34823 8983 9 _ _ NNP 34823 8983 10 [ [ -LRB- 34823 8983 11 377 377 CD 34823 8983 12 ] ] -RRB- 34823 8983 13 To to IN 34823 8983 14 this this DT 34823 8983 15 type type NN 34823 8983 16 would would MD 34823 8983 17 belong belong VB 34823 8983 18 Professor Professor NNP 34823 8983 19 Fisher Fisher NNP 34823 8983 20 's 's POS 34823 8983 21 figures figure NNS 34823 8983 22 with with IN 34823 8983 23 reference reference NN 34823 8983 24 to to IN 34823 8983 25 the the DT 34823 8983 26 years year NNS 34823 8983 27 , , , 34823 8983 28 1860 1860 CD 34823 8983 29 - - SYM 34823 8983 30 66 66 CD 34823 8983 31 on on IN 34823 8983 32 p. p. NN 34823 8983 33 260 260 CD 34823 8983 34 of of IN 34823 8983 35 his -PRON- PRP$ 34823 8983 36 _ _ NNP 34823 8983 37 Purchasing Purchasing NNP 34823 8983 38 Power Power NNP 34823 8983 39 of of IN 34823 8983 40 Money Money NNP 34823 8983 41 _ _ NNP 34823 8983 42 . . . 34823 8984 1 [ [ -LRB- 34823 8984 2 378 378 CD 34823 8984 3 ] ] -RRB- 34823 8984 4 This this DT 34823 8984 5 relates relate VBZ 34823 8984 6 particularly particularly RB 34823 8984 7 to to IN 34823 8984 8 Fisher Fisher NNP 34823 8984 9 's 's POS 34823 8984 10 figures figure NNS 34823 8984 11 . . . 34823 8985 1 [ [ -LRB- 34823 8985 2 379 379 CD 34823 8985 3 ] ] -RRB- 34823 8985 4 _ _ NNP 34823 8985 5 Loc Loc NNP 34823 8985 6 . . . 34823 8986 1 cit cit NNP 34823 8986 2 . . . 34823 8986 3 _ _ NNP 34823 8986 4 , , , 34823 8986 5 p. p. NN 34823 8986 6 298 298 CD 34823 8986 7 . . . 34823 8987 1 [ [ -LRB- 34823 8987 2 380 380 CD 34823 8987 3 ] ] -RRB- 34823 8987 4 _ _ NNP 34823 8987 5 Ibid Ibid NNP 34823 8987 6 . . . 34823 8987 7 _ _ NNP 34823 8987 8 , , , 34823 8987 9 p. p. NN 34823 8987 10 297 297 CD 34823 8987 11 . . . 34823 8988 1 [ [ -LRB- 34823 8988 2 381 381 CD 34823 8988 3 ] ] -RRB- 34823 8988 4 _ _ NNP 34823 8988 5 Cf Cf NNP 34823 8988 6 . . . 34823 8988 7 _ _ NNP 34823 8988 8 our -PRON- PRP$ 34823 8988 9 chapter chapter NN 34823 8988 10 , , , 34823 8988 11 _ _ NNP 34823 8988 12 supra supra NNP 34823 8988 13 _ _ NNP 34823 8988 14 , , , 34823 8988 15 on on IN 34823 8988 16 the the DT 34823 8988 17 " " `` 34823 8988 18 Equation Equation NNP 34823 8988 19 of of IN 34823 8988 20 Exchange Exchange NNP 34823 8988 21 . . . 34823 8988 22 " " '' 34823 8989 1 [ [ -LRB- 34823 8989 2 382 382 CD 34823 8989 3 ] ] -RRB- 34823 8989 4 These these DT 34823 8989 5 are be VBP 34823 8989 6 the the DT 34823 8989 7 " " `` 34823 8989 8 finally finally RB 34823 8989 9 adjusted adjust VBN 34823 8989 10 " " '' 34823 8989 11 figures figure NNS 34823 8989 12 . . . 34823 8990 1 _ _ NNP 34823 8990 2 Loc Loc NNP 34823 8990 3 . . . 34823 8991 1 cit cit NNP 34823 8991 2 . . . 34823 8991 3 _ _ NNP 34823 8991 4 , , , 34823 8991 5 304 304 CD 34823 8991 6 . . . 34823 8992 1 [ [ -LRB- 34823 8992 2 383 383 CD 34823 8992 3 ] ] -RRB- 34823 8992 4 _ _ NNP 34823 8992 5 Ibid Ibid NNP 34823 8992 6 . . . 34823 8992 7 _ _ NNP 34823 8992 8 , , , 34823 8992 9 p. p. NN 34823 8992 10 277 277 CD 34823 8992 11 . . . 34823 8993 1 Fisher Fisher NNP 34823 8993 2 's 's POS 34823 8993 3 estimate estimate NN 34823 8993 4 for for IN 34823 8993 5 V v NN 34823 8993 6 , , , 34823 8993 7 as as IN 34823 8993 8 corresponding correspond VBG 34823 8993 9 more more RBR 34823 8993 10 closely closely RB 34823 8993 11 to to IN 34823 8993 12 Kinley Kinley NNP 34823 8993 13 's 's POS 34823 8993 14 figures figure NNS 34823 8993 15 for for IN 34823 8993 16 the the DT 34823 8993 17 proportions proportion NNS 34823 8993 18 of of IN 34823 8993 19 money money NN 34823 8993 20 and and CC 34823 8993 21 checks check NNS 34823 8993 22 in in IN 34823 8993 23 trade trade NN 34823 8993 24 , , , 34823 8993 25 is be VBZ 34823 8993 26 to to TO 34823 8993 27 be be VB 34823 8993 28 preferred prefer VBN 34823 8993 29 to to IN 34823 8993 30 Kemmerer Kemmerer NNP 34823 8993 31 's 's POS 34823 8993 32 . . . 34823 8994 1 _ _ NNP 34823 8994 2 Cf Cf NNP 34823 8994 3 . . . 34823 8994 4 _ _ NNP 34823 8994 5 our -PRON- PRP$ 34823 8994 6 comments comment NNS 34823 8994 7 on on IN 34823 8994 8 this this DT 34823 8994 9 point point NN 34823 8994 10 , , , 34823 8994 11 _ _ NNP 34823 8994 12 infra infra NNP 34823 8994 13 _ _ NNP 34823 8994 14 , , , 34823 8994 15 in in IN 34823 8994 16 this this DT 34823 8994 17 chapter chapter NN 34823 8994 18 . . . 34823 8995 1 Even even RB 34823 8995 2 the the DT 34823 8995 3 figures figure NNS 34823 8995 4 for for IN 34823 8995 5 M M NNP 34823 8995 6 ´ ´ CD 34823 8995 7 are be VBP 34823 8995 8 not not RB 34823 8995 9 correct correct JJ 34823 8995 10 , , , 34823 8995 11 since since IN 34823 8995 12 they -PRON- PRP 34823 8995 13 do do VBP 34823 8995 14 not not RB 34823 8995 15 include include VB 34823 8995 16 deposits deposit NNS 34823 8995 17 growing grow VBG 34823 8995 18 out out IN 34823 8995 19 of of IN 34823 8995 20 " " `` 34823 8995 21 morning morning NN 34823 8995 22 loans loan NNS 34823 8995 23 , , , 34823 8995 24 " " '' 34823 8995 25 cancelled cancel VBN 34823 8995 26 during during IN 34823 8995 27 the the DT 34823 8995 28 day day NN 34823 8995 29 . . . 34823 8996 1 _ _ NNP 34823 8996 2 Infra Infra NNP 34823 8996 3 _ _ NNP 34823 8996 4 , , , 34823 8996 5 ch ch NN 34823 8996 6 . . . 34823 8997 1 24 24 CD 34823 8997 2 . . . 34823 8998 1 [ [ -LRB- 34823 8998 2 384 384 CD 34823 8998 3 ] ] -RRB- 34823 8998 4 _ _ NNP 34823 8998 5 Report Report NNP 34823 8998 6 of of IN 34823 8998 7 the the DT 34823 8998 8 Comptroller Comptroller NNP 34823 8998 9 _ _ NNP 34823 8998 10 , , , 34823 8998 11 1896 1896 CD 34823 8998 12 ; ; : 34823 8998 13 _ _ NNP 34823 8998 14 The the DT 34823 8998 15 Use Use NNP 34823 8998 16 of of IN 34823 8998 17 Credit Credit NNP 34823 8998 18 Instruments Instruments NNPS 34823 8998 19 in in IN 34823 8998 20 Payments Payments NNP 34823 8998 21 in in IN 34823 8998 22 the the DT 34823 8998 23 United United NNP 34823 8998 24 States States NNP 34823 8998 25 _ _ NNP 34823 8998 26 , , , 34823 8998 27 National National NNP 34823 8998 28 Monetary Monetary NNP 34823 8998 29 Commission Commission NNP 34823 8998 30 Report Report NNP 34823 8998 31 , , , 34823 8998 32 Washington Washington NNP 34823 8998 33 , , , 34823 8998 34 1910 1910 CD 34823 8998 35 . . . 34823 8999 1 [ [ -LRB- 34823 8999 2 385 385 CD 34823 8999 3 ] ] -RRB- 34823 8999 4 I -PRON- PRP 34823 8999 5 am be VBP 34823 8999 6 indebted indebted JJ 34823 8999 7 to to IN 34823 8999 8 the the DT 34823 8999 9 _ _ NNP 34823 8999 10 Annalist Annalist NNP 34823 8999 11 _ _ NNP 34823 8999 12 for for IN 34823 8999 13 permission permission NN 34823 8999 14 to to TO 34823 8999 15 use use VB 34823 8999 16 here here RB 34823 8999 17 materials material NNS 34823 8999 18 first first RB 34823 8999 19 published publish VBN 34823 8999 20 in in IN 34823 8999 21 the the DT 34823 8999 22 _ _ NNP 34823 8999 23 Annalist Annalist NNP 34823 8999 24 _ _ NNP 34823 8999 25 in in IN 34823 8999 26 articles article NNS 34823 8999 27 by by IN 34823 8999 28 the the DT 34823 8999 29 present present JJ 34823 8999 30 writer writer NN 34823 8999 31 : : : 34823 8999 32 " " `` 34823 8999 33 Home Home NNP 34823 8999 34 vs. vs. IN 34823 8999 35 Foreign Foreign NNP 34823 8999 36 Trade Trade NNP 34823 8999 37 , , , 34823 8999 38 " " '' 34823 8999 39 Feb. February NNP 34823 8999 40 6 6 CD 34823 8999 41 , , , 34823 8999 42 1916 1916 CD 34823 8999 43 ; ; : 34823 8999 44 " " `` 34823 8999 45 Tests test NNS 34823 8999 46 of of IN 34823 8999 47 Home Home NNP 34823 8999 48 Trade Trade NNP 34823 8999 49 Volume Volume NNP 34823 8999 50 -- -- : 34823 8999 51 a a DT 34823 8999 52 Rejoinder rejoinder NN 34823 8999 53 , , , 34823 8999 54 " " '' 34823 8999 55 March March NNP 34823 8999 56 6 6 CD 34823 8999 57 , , , 34823 8999 58 1916 1916 CD 34823 8999 59 ; ; : 34823 8999 60 " " `` 34823 8999 61 Home Home NNP 34823 8999 62 Trade Trade NNP 34823 8999 63 Volume volume NN 34823 8999 64 , , , 34823 8999 65 " " '' 34823 8999 66 March March NNP 34823 8999 67 20 20 CD 34823 8999 68 , , , 34823 8999 69 1916 1916 CD 34823 8999 70 , , , 34823 8999 71 p. p. NN 34823 8999 72 377 377 CD 34823 8999 73 . . . 34823 9000 1 To to IN 34823 9000 2 these these DT 34823 9000 3 articles article NNS 34823 9000 4 Professor Professor NNP 34823 9000 5 Fisher Fisher NNP 34823 9000 6 replied reply VBD 34823 9000 7 : : : 34823 9000 8 " " `` 34823 9000 9 A a DT 34823 9000 10 Multi Multi NNP 34823 9000 11 - - HYPH 34823 9000 12 Billion Billion NNP 34823 9000 13 Dollar Dollar NNP 34823 9000 14 Nation Nation NNP 34823 9000 15 , , , 34823 9000 16 " " '' 34823 9000 17 _ _ NNP 34823 9000 18 Annalist Annalist NNP 34823 9000 19 _ _ NNP 34823 9000 20 Feb. February NNP 34823 9000 21 21 21 CD 34823 9000 22 , , , 34823 9000 23 1916 1916 CD 34823 9000 24 ; ; : 34823 9000 25 and and CC 34823 9000 26 " " `` 34823 9000 27 Over over IN 34823 9000 28 and and CC 34823 9000 29 Under under IN 34823 9000 30 Counting Counting NNP 34823 9000 31 , , , 34823 9000 32 " " '' 34823 9000 33 _ _ NNP 34823 9000 34 Ibid Ibid NNP 34823 9000 35 . . . 34823 9000 36 _ _ NNP 34823 9000 37 , , , 34823 9000 38 March March NNP 34823 9000 39 13 13 CD 34823 9000 40 , , , 34823 9000 41 1916 1916 CD 34823 9000 42 . . . 34823 9001 1 [ [ -LRB- 34823 9001 2 386 386 CD 34823 9001 3 ] ] -RRB- 34823 9001 4 Except except IN 34823 9001 5 checks check NNS 34823 9001 6 deposited deposit VBN 34823 9001 7 by by IN 34823 9001 8 one one CD 34823 9001 9 bank bank NN 34823 9001 10 in in IN 34823 9001 11 another another DT 34823 9001 12 . . . 34823 9002 1 Kinley Kinley NNP 34823 9002 2 's 's POS 34823 9002 3 figures figure NNS 34823 9002 4 exclude exclude VBP 34823 9002 5 these these DT 34823 9002 6 in in IN 34823 9002 7 1909 1909 CD 34823 9002 8 , , , 34823 9002 9 but but CC 34823 9002 10 not not RB 34823 9002 11 in in IN 34823 9002 12 1896 1896 CD 34823 9002 13 . . . 34823 9003 1 [ [ -LRB- 34823 9003 2 387 387 CD 34823 9003 3 ] ] -RRB- 34823 9003 4 The the DT 34823 9003 5 methods method NNS 34823 9003 6 and and CC 34823 9003 7 data datum NNS 34823 9003 8 employed employ VBN 34823 9003 9 by by IN 34823 9003 10 Professor Professor NNP 34823 9003 11 Fisher Fisher NNP 34823 9003 12 are be VBP 34823 9003 13 described describe VBN 34823 9003 14 at at IN 34823 9003 15 length length NN 34823 9003 16 in in IN 34823 9003 17 his -PRON- PRP$ 34823 9003 18 _ _ NNP 34823 9003 19 Purchasing Purchasing NNP 34823 9003 20 Power Power NNP 34823 9003 21 of of IN 34823 9003 22 Money Money NNP 34823 9003 23 _ _ NNP 34823 9003 24 , , , 34823 9003 25 ch ch NN 34823 9003 26 . . . 34823 9004 1 XII XII NNP 34823 9004 2 , , , 34823 9004 3 and and CC 34823 9004 4 Appendix Appendix NNP 34823 9004 5 to to IN 34823 9004 6 ch ch NN 34823 9004 7 . . . 34823 9005 1 XII XII NNP 34823 9005 2 . . . 34823 9006 1 [ [ -LRB- 34823 9006 2 388 388 CD 34823 9006 3 ] ] -RRB- 34823 9006 4 M M NNP 34823 9006 5 ´ ´ CD 34823 9006 6 is be VBZ 34823 9006 7 the the DT 34823 9006 8 _ _ NNP 34823 9006 9 average average NN 34823 9006 10 _ _ NNP 34823 9006 11 of of IN 34823 9006 12 bank bank NN 34823 9006 13 deposits deposit NNS 34823 9006 14 , , , 34823 9006 15 as as IN 34823 9006 16 shown show VBN 34823 9006 17 by by IN 34823 9006 18 the the DT 34823 9006 19 balance balance NN 34823 9006 20 sheets sheet NNS 34823 9006 21 , , , 34823 9006 22 for for IN 34823 9006 23 all all DT 34823 9006 24 banks bank NNS 34823 9006 25 in in IN 34823 9006 26 the the DT 34823 9006 27 country country NN 34823 9006 28 for for IN 34823 9006 29 the the DT 34823 9006 30 year year NN 34823 9006 31 . . . 34823 9007 1 Throughout throughout IN 34823 9007 2 , , , 34823 9007 3 the the DT 34823 9007 4 reader reader NN 34823 9007 5 must must MD 34823 9007 6 distinguish distinguish VB 34823 9007 7 this this DT 34823 9007 8 from from IN 34823 9007 9 the the DT 34823 9007 10 " " `` 34823 9007 11 deposits deposit NNS 34823 9007 12 " " '' 34823 9007 13 of of IN 34823 9007 14 Kinley Kinley NNP 34823 9007 15 's 's POS 34823 9007 16 figures figure NNS 34823 9007 17 -- -- : 34823 9007 18 amounts amount VBZ 34823 9007 19 " " `` 34823 9007 20 deposited deposit VBN 34823 9007 21 " " '' 34823 9007 22 on on IN 34823 9007 23 March March NNP 34823 9007 24 16 16 CD 34823 9007 25 . . . 34823 9008 1 [ [ -LRB- 34823 9008 2 389 389 CD 34823 9008 3 ] ] -RRB- 34823 9008 4 It -PRON- PRP 34823 9008 5 is be VBZ 34823 9008 6 easier easy JJR 34823 9008 7 , , , 34823 9008 8 sometimes sometimes RB 34823 9008 9 , , , 34823 9008 10 to to TO 34823 9008 11 make make VB 34823 9008 12 an an DT 34823 9008 13 assumption assumption NN 34823 9008 14 regarding regard VBG 34823 9008 15 a a DT 34823 9008 16 set set NN 34823 9008 17 of of IN 34823 9008 18 facts fact NNS 34823 9008 19 than than IN 34823 9008 20 to to TO 34823 9008 21 find find VB 34823 9008 22 out out RP 34823 9008 23 what what WP 34823 9008 24 they -PRON- PRP 34823 9008 25 are be VBP 34823 9008 26 ! ! . 34823 9009 1 In in IN 34823 9009 2 this this DT 34823 9009 3 case case NN 34823 9009 4 , , , 34823 9009 5 some some DT 34823 9009 6 work work NN 34823 9009 7 was be VBD 34823 9009 8 involved involve VBN 34823 9009 9 . . . 34823 9010 1 Old old JJ 34823 9010 2 newspapers newspaper NNS 34823 9010 3 had have VBD 34823 9010 4 to to TO 34823 9010 5 be be VB 34823 9010 6 hunted hunt VBN 34823 9010 7 up up RP 34823 9010 8 for for IN 34823 9010 9 various various JJ 34823 9010 10 cities city NNS 34823 9010 11 , , , 34823 9010 12 and and CC 34823 9010 13 letters letter NNS 34823 9010 14 had have VBD 34823 9010 15 to to TO 34823 9010 16 be be VB 34823 9010 17 written write VBN 34823 9010 18 , , , 34823 9010 19 to to TO 34823 9010 20 find find VB 34823 9010 21 out out RP 34823 9010 22 , , , 34823 9010 23 for for IN 34823 9010 24 various various JJ 34823 9010 25 cities city NNS 34823 9010 26 , , , 34823 9010 27 ( ( -LRB- 34823 9010 28 a a LS 34823 9010 29 ) ) -RRB- 34823 9010 30 clearings clearing NNS 34823 9010 31 for for IN 34823 9010 32 March March NNP 34823 9010 33 17 17 CD 34823 9010 34 , , , 34823 9010 35 1909 1909 CD 34823 9010 36 , , , 34823 9010 37 and and CC 34823 9010 38 ( ( -LRB- 34823 9010 39 b b LS 34823 9010 40 ) ) -RRB- 34823 9010 41 the the DT 34823 9010 42 number number NN 34823 9010 43 of of IN 34823 9010 44 banking banking NN 34823 9010 45 days day NNS 34823 9010 46 in in IN 34823 9010 47 the the DT 34823 9010 48 year year NN 34823 9010 49 1909 1909 CD 34823 9010 50 . . . 34823 9011 1 This this DT 34823 9011 2 work work NN 34823 9011 3 was be VBD 34823 9011 4 done do VBN 34823 9011 5 by by IN 34823 9011 6 Mr. Mr. NNP 34823 9011 7 N. N. NNP 34823 9011 8 J. J. NNP 34823 9011 9 Silberling Silberling NNP 34823 9011 10 , , , 34823 9011 11 who who WP 34823 9011 12 got get VBD 34823 9011 13 figures figure NNS 34823 9011 14 from from IN 34823 9011 15 12 12 CD 34823 9011 16 cities city NNS 34823 9011 17 which which WDT 34823 9011 18 had have VBD 34823 9011 19 69 69 CD 34823 9011 20 % % NN 34823 9011 21 of of IN 34823 9011 22 all all DT 34823 9011 23 clearings clearing NNS 34823 9011 24 outside outside IN 34823 9011 25 New New NNP 34823 9011 26 York York NNP 34823 9011 27 . . . 34823 9012 1 These these DT 34823 9012 2 cities city NNS 34823 9012 3 are be VBP 34823 9012 4 : : : 34823 9012 5 Chicago Chicago NNP 34823 9012 6 , , , 34823 9012 7 Philadelphia Philadelphia NNP 34823 9012 8 , , , 34823 9012 9 Boston Boston NNP 34823 9012 10 , , , 34823 9012 11 St. St. NNP 34823 9012 12 Louis Louis NNP 34823 9012 13 , , , 34823 9012 14 Pittsburg Pittsburg NNP 34823 9012 15 , , , 34823 9012 16 San San NNP 34823 9012 17 Francisco Francisco NNP 34823 9012 18 , , , 34823 9012 19 Baltimore Baltimore NNP 34823 9012 20 , , , 34823 9012 21 New New NNP 34823 9012 22 Orleans Orleans NNP 34823 9012 23 , , , 34823 9012 24 Atlanta Atlanta NNP 34823 9012 25 , , , 34823 9012 26 Providence Providence NNP 34823 9012 27 , , , 34823 9012 28 St. St. NNP 34823 9012 29 Paul Paul NNP 34823 9012 30 , , , 34823 9012 31 and and CC 34823 9012 32 Seattle Seattle NNP 34823 9012 33 . . . 34823 9013 1 The the DT 34823 9013 2 daily daily JJ 34823 9013 3 average average NN 34823 9013 4 of of IN 34823 9013 5 clearings clearing NNS 34823 9013 6 for for IN 34823 9013 7 these these DT 34823 9013 8 cities city NNS 34823 9013 9 in in IN 34823 9013 10 1909 1909 CD 34823 9013 11 was be VBD 34823 9013 12 $ $ $ 34823 9013 13 136,222,436 136,222,436 CD 34823 9013 14 ; ; : 34823 9013 15 the the DT 34823 9013 16 actual actual JJ 34823 9013 17 clearings clearing NNS 34823 9013 18 for for IN 34823 9013 19 March March NNP 34823 9013 20 17 17 CD 34823 9013 21 , , , 34823 9013 22 1909 1909 CD 34823 9013 23 , , , 34823 9013 24 was be VBD 34823 9013 25 $ $ $ 34823 9013 26 132,961,273 132,961,273 CD 34823 9013 27 . . . 34823 9014 1 The the DT 34823 9014 2 ratio ratio NN 34823 9014 3 of of IN 34823 9014 4 average average JJ 34823 9014 5 daily daily JJ 34823 9014 6 clearings clearing NNS 34823 9014 7 to to IN 34823 9014 8 actual actual JJ 34823 9014 9 clearings clearing NNS 34823 9014 10 on on IN 34823 9014 11 March March NNP 34823 9014 12 17 17 CD 34823 9014 13 was be VBD 34823 9014 14 1.0245:1 1.0245:1 CD 34823 9014 15 . . . 34823 9015 1 The the DT 34823 9015 2 increase increase NN 34823 9015 3 needed need VBN 34823 9015 4 in in IN 34823 9015 5 the the DT 34823 9015 6 figure figure NN 34823 9015 7 for for IN 34823 9015 8 deposits deposit NNS 34823 9015 9 outside outside IN 34823 9015 10 New New NNP 34823 9015 11 York York NNP 34823 9015 12 , , , 34823 9015 13 then then RB 34823 9015 14 , , , 34823 9015 15 was be VBD 34823 9015 16 only only RB 34823 9015 17 2.45 2.45 CD 34823 9015 18 % % NN 34823 9015 19 . . . 34823 9016 1 Mr. Mr. NNP 34823 9016 2 Silberling Silberling NNP 34823 9016 3 , , , 34823 9016 4 wishing wish VBG 34823 9016 5 to to TO 34823 9016 6 be be VB 34823 9016 7 conservative conservative JJ 34823 9016 8 in in IN 34823 9016 9 view view NN 34823 9016 10 of of IN 34823 9016 11 the the DT 34823 9016 12 31 31 CD 34823 9016 13 % % NN 34823 9016 14 of of IN 34823 9016 15 outside outside JJ 34823 9016 16 clearings clearing NNS 34823 9016 17 not not RB 34823 9016 18 investigated investigate VBN 34823 9016 19 , , , 34823 9016 20 allows allow VBZ 34823 9016 21 outside outside IN 34823 9016 22 clearings clearing NNS 34823 9016 23 to to TO 34823 9016 24 be be VB 34823 9016 25 3 3 CD 34823 9016 26 % % NN 34823 9016 27 below below IN 34823 9016 28 normal normal JJ 34823 9016 29 . . . 34823 9017 1 On on IN 34823 9017 2 this this DT 34823 9017 3 basis basis NN 34823 9017 4 , , , 34823 9017 5 following follow VBG 34823 9017 6 Professor Professor NNP 34823 9017 7 Fisher Fisher NNP 34823 9017 8 's 's POS 34823 9017 9 method method NN 34823 9017 10 of of IN 34823 9017 11 computation computation NN 34823 9017 12 , , , 34823 9017 13 he -PRON- PRP 34823 9017 14 multiplies multiply VBZ 34823 9017 15 the the DT 34823 9017 16 deposits deposit NNS 34823 9017 17 assigned assign VBN 34823 9017 18 by by IN 34823 9017 19 Professor Professor NNP 34823 9017 20 Fisher Fisher NNP 34823 9017 21 to to IN 34823 9017 22 New New NNP 34823 9017 23 York York NNP 34823 9017 24 by by IN 34823 9017 25 1.28 1.28 CD 34823 9017 26 , , , 34823 9017 27 and and CC 34823 9017 28 the the DT 34823 9017 29 deposits deposit NNS 34823 9017 30 assigned assign VBN 34823 9017 31 to to IN 34823 9017 32 the the DT 34823 9017 33 country country NN 34823 9017 34 outside outside RB 34823 9017 35 by by IN 34823 9017 36 1.03 1.03 CD 34823 9017 37 , , , 34823 9017 38 getting get VBG 34823 9017 39 total total JJ 34823 9017 40 deposits deposit NNS 34823 9017 41 for for IN 34823 9017 42 the the DT 34823 9017 43 day day NN 34823 9017 44 of of IN 34823 9017 45 1.11 1.11 CD 34823 9017 46 billions billion NNS 34823 9017 47 , , , 34823 9017 48 as as IN 34823 9017 49 against against IN 34823 9017 50 Professor Professor NNP 34823 9017 51 Fisher Fisher NNP 34823 9017 52 's 's POS 34823 9017 53 figure figure NN 34823 9017 54 of of IN 34823 9017 55 1.20 1.20 CD 34823 9017 56 billions billion NNS 34823 9017 57 , , , 34823 9017 58 and and CC 34823 9017 59 a a DT 34823 9017 60 total total NN 34823 9017 61 for for IN 34823 9017 62 the the DT 34823 9017 63 year year NN 34823 9017 64 of of IN 34823 9017 65 333 333 CD 34823 9017 66 billions billion NNS 34823 9017 67 , , , 34823 9017 68 as as IN 34823 9017 69 against against IN 34823 9017 70 a a DT 34823 9017 71 total total NN 34823 9017 72 obtained obtain VBN 34823 9017 73 by by IN 34823 9017 74 Professor Professor NNP 34823 9017 75 Fisher Fisher NNP 34823 9017 76 of of IN 34823 9017 77 364 364 CD 34823 9017 78 billions billion NNS 34823 9017 79 . . . 34823 9018 1 [ [ -LRB- 34823 9018 2 390 390 CD 34823 9018 3 ] ] -RRB- 34823 9018 4 To to IN 34823 9018 5 this this DT 34823 9018 6 786 786 CD 34823 9018 7 millions million NNS 34823 9018 8 is be VBZ 34823 9018 9 added add VBN 34823 9018 10 all all DT 34823 9018 11 that that WDT 34823 9018 12 comes come VBZ 34823 9018 13 from from IN 34823 9018 14 the the DT 34823 9018 15 erroneous erroneous JJ 34823 9018 16 assumption assumption NN 34823 9018 17 regarding regard VBG 34823 9018 18 outside outside JJ 34823 9018 19 clearings clearing NNS 34823 9018 20 , , , 34823 9018 21 when when WRB 34823 9018 22 figures figure NNS 34823 9018 23 for for IN 34823 9018 24 the the DT 34823 9018 25 whole whole JJ 34823 9018 26 year year NN 34823 9018 27 are be VBP 34823 9018 28 obtained obtain VBN 34823 9018 29 . . . 34823 9019 1 Country country NN 34823 9019 2 deposits deposit NNS 34823 9019 3 , , , 34823 9019 4 for for IN 34823 9019 5 the the DT 34823 9019 6 year year NN 34823 9019 7 , , , 34823 9019 8 are be VBP 34823 9019 9 thus thus RB 34823 9019 10 still still RB 34823 9019 11 further further RB 34823 9019 12 exaggerated exaggerate VBN 34823 9019 13 by by IN 34823 9019 14 31 31 CD 34823 9019 15 billions billion NNS 34823 9019 16 ! ! . 34823 9020 1 [ [ -LRB- 34823 9020 2 391 391 CD 34823 9020 3 ] ] -RRB- 34823 9020 4 _ _ NNP 34823 9020 5 The the DT 34823 9020 6 Use Use NNP 34823 9020 7 of of IN 34823 9020 8 Credit Credit NNP 34823 9020 9 Instruments Instruments NNPS 34823 9020 10 _ _ NNP 34823 9020 11 , , , 34823 9020 12 etc etc FW 34823 9020 13 . . FW 34823 9020 14 , , , 34823 9020 15 p. p. NN 34823 9020 16 152 152 CD 34823 9020 17 . . . 34823 9021 1 There there EX 34823 9021 2 is be VBZ 34823 9021 3 abundant abundant JJ 34823 9021 4 evidence evidence NN 34823 9021 5 in in IN 34823 9021 6 Dean Dean NNP 34823 9021 7 Kinley Kinley NNP 34823 9021 8 's 's POS 34823 9021 9 figures figure NNS 34823 9021 10 that that IN 34823 9021 11 only only RB 34823 9021 12 a a DT 34823 9021 13 decidedly decidedly RB 34823 9021 14 minor minor JJ 34823 9021 15 part part NN 34823 9021 16 of of IN 34823 9021 17 the the DT 34823 9021 18 amount amount NN 34823 9021 19 ( ( -LRB- 34823 9021 20 373 373 CD 34823 9021 21 millions million NNS 34823 9021 22 ) ) -RRB- 34823 9021 23 of of IN 34823 9021 24 checks check NNS 34823 9021 25 allowed allow VBN 34823 9021 26 by by IN 34823 9021 27 Professor Professor NNP 34823 9021 28 Weston Weston NNP 34823 9021 29 for for IN 34823 9021 30 the the DT 34823 9021 31 non non JJ 34823 9021 32 - - JJ 34823 9021 33 reporting reporting JJ 34823 9021 34 banks bank NNS 34823 9021 35 could could MD 34823 9021 36 have have VB 34823 9021 37 been be VBN 34823 9021 38 outside outside IN 34823 9021 39 the the DT 34823 9021 40 larger large JJR 34823 9021 41 cities city NNS 34823 9021 42 . . . 34823 9022 1 The the DT 34823 9022 2 amount amount NN 34823 9022 3 deposited deposit VBN 34823 9022 4 in in IN 34823 9022 5 a a DT 34823 9022 6 day day NN 34823 9022 7 in in IN 34823 9022 8 a a DT 34823 9022 9 country country NN 34823 9022 10 bank bank NN 34823 9022 11 is be VBZ 34823 9022 12 so so RB 34823 9022 13 small small JJ 34823 9022 14 that that IN 34823 9022 15 a a DT 34823 9022 16 great great JJ 34823 9022 17 multitude multitude NN 34823 9022 18 of of IN 34823 9022 19 these these DT 34823 9022 20 banks bank NNS 34823 9022 21 would would MD 34823 9022 22 be be VB 34823 9022 23 required require VBN 34823 9022 24 to to TO 34823 9022 25 show show VB 34823 9022 26 as as RB 34823 9022 27 much much JJ 34823 9022 28 as as IN 34823 9022 29 a a DT 34823 9022 30 single single JJ 34823 9022 31 New New NNP 34823 9022 32 York York NNP 34823 9022 33 City City NNP 34823 9022 34 institution institution NN 34823 9022 35 . . . 34823 9023 1 Thus thus RB 34823 9023 2 , , , 34823 9023 3 ninety ninety CD 34823 9023 4 banks bank NNS 34823 9023 5 ( ( -LRB- 34823 9023 6 27 27 CD 34823 9023 7 national national JJ 34823 9023 8 banks bank NNS 34823 9023 9 , , , 34823 9023 10 58 58 CD 34823 9023 11 State state NN 34823 9023 12 banks bank NNS 34823 9023 13 , , , 34823 9023 14 3 3 CD 34823 9023 15 private private JJ 34823 9023 16 banks bank NNS 34823 9023 17 , , , 34823 9023 18 1 1 CD 34823 9023 19 stock stock NN 34823 9023 20 savings saving NNS 34823 9023 21 bank bank NNP 34823 9023 22 , , , 34823 9023 23 1 1 CD 34823 9023 24 trust trust NN 34823 9023 25 company company NN 34823 9023 26 ) ) -RRB- 34823 9023 27 in in IN 34823 9023 28 Arkansas Arkansas NNP 34823 9023 29 , , , 34823 9023 30 report report VB 34823 9023 31 only only RB 34823 9023 32 $ $ $ 34823 9023 33 728,148 728,148 CD 34823 9023 34 in in IN 34823 9023 35 checks check NNS 34823 9023 36 , , , 34823 9023 37 an an DT 34823 9023 38 average average NN 34823 9023 39 of of IN 34823 9023 40 $ $ $ 34823 9023 41 8,090 8,090 CD 34823 9023 42 per per IN 34823 9023 43 bank bank NN 34823 9023 44 . . . 34823 9024 1 If if IN 34823 9024 2 all all PDT 34823 9024 3 the the DT 34823 9024 4 13,000 13,000 CD 34823 9024 5 non non JJ 34823 9024 6 - - JJ 34823 9024 7 reporting reporting JJ 34823 9024 8 banks bank NNS 34823 9024 9 were be VBD 34823 9024 10 country country NN 34823 9024 11 banks bank NNS 34823 9024 12 , , , 34823 9024 13 and and CC 34823 9024 14 if if IN 34823 9024 15 this this DT 34823 9024 16 ratio ratio NN 34823 9024 17 held hold VBN 34823 9024 18 , , , 34823 9024 19 we -PRON- PRP 34823 9024 20 should should MD 34823 9024 21 have have VB 34823 9024 22 105 105 CD 34823 9024 23 millions million NNS 34823 9024 24 more more JJR 34823 9024 25 for for IN 34823 9024 26 the the DT 34823 9024 27 day day NN 34823 9024 28 ( ( -LRB- 34823 9024 29 instead instead RB 34823 9024 30 of of IN 34823 9024 31 Professor Professor NNP 34823 9024 32 Weston Weston NNP 34823 9024 33 's 's POS 34823 9024 34 373 373 CD 34823 9024 35 millions million NNS 34823 9024 36 ) ) -RRB- 34823 9024 37 , , , 34823 9024 38 or or CC 34823 9024 39 31 31 CD 34823 9024 40 billions billion NNS 34823 9024 41 more more JJR 34823 9024 42 for for IN 34823 9024 43 the the DT 34823 9024 44 year year NN 34823 9024 45 . . . 34823 9025 1 This this DT 34823 9025 2 average average NN 34823 9025 3 is be VBZ 34823 9025 4 based base VBN 34823 9025 5 chiefly chiefly RB 34823 9025 6 on on IN 34823 9025 7 State state NN 34823 9025 8 and and CC 34823 9025 9 national national JJ 34823 9025 10 banks bank NNS 34823 9025 11 . . . 34823 9026 1 The the DT 34823 9026 2 average average NN 34823 9026 3 is be VBZ 34823 9026 4 too too RB 34823 9026 5 high high JJ 34823 9026 6 for for IN 34823 9026 7 the the DT 34823 9026 8 private private JJ 34823 9026 9 banks bank NNS 34823 9026 10 ( ( -LRB- 34823 9026 11 whose whose WP$ 34823 9026 12 daily daily JJ 34823 9026 13 average average NN 34823 9026 14 as as IN 34823 9026 15 reported report VBN 34823 9026 16 is be VBZ 34823 9026 17 $ $ $ 34823 9026 18 4,010 4,010 CD 34823 9026 19 ) ) -RRB- 34823 9026 20 , , , 34823 9026 21 and and CC 34823 9026 22 for for IN 34823 9026 23 the the DT 34823 9026 24 mutual mutual JJ 34823 9026 25 savings saving NNS 34823 9026 26 banks bank NNS 34823 9026 27 ( ( -LRB- 34823 9026 28 whose whose WP$ 34823 9026 29 daily daily JJ 34823 9026 30 average average NN 34823 9026 31 is be VBZ 34823 9026 32 $ $ $ 34823 9026 33 1,254 1,254 CD 34823 9026 34 ) ) -RRB- 34823 9026 35 . . . 34823 9027 1 It -PRON- PRP 34823 9027 2 is be VBZ 34823 9027 3 well well RB 34823 9027 4 above above IN 34823 9027 5 the the DT 34823 9027 6 daily daily JJ 34823 9027 7 average average NN 34823 9027 8 of of IN 34823 9027 9 the the DT 34823 9027 10 stock stock NN 34823 9027 11 savings saving NNS 34823 9027 12 banks bank NNS 34823 9027 13 , , , 34823 9027 14 which which WDT 34823 9027 15 are be VBP 34823 9027 16 , , , 34823 9027 17 in in IN 34823 9027 18 many many JJ 34823 9027 19 States States NNPS 34823 9027 20 , , , 34823 9027 21 practically practically RB 34823 9027 22 commercial commercial JJ 34823 9027 23 banks bank NNS 34823 9027 24 ( ( -LRB- 34823 9027 25 $ $ $ 34823 9027 26 6,405 6,405 CD 34823 9027 27 ) ) -RRB- 34823 9027 28 . . . 34823 9028 1 In in IN 34823 9028 2 the the DT 34823 9028 3 non non JJ 34823 9028 4 - - JJ 34823 9028 5 reporting reporting JJ 34823 9028 6 banks bank NNS 34823 9028 7 there there EX 34823 9028 8 are be VBP 34823 9028 9 comparatively comparatively RB 34823 9028 10 few few JJ 34823 9028 11 national national JJ 34823 9028 12 banks bank NNS 34823 9028 13 , , , 34823 9028 14 and and CC 34823 9028 15 about about RB 34823 9028 16 5,000 5,000 CD 34823 9028 17 private private JJ 34823 9028 18 banks bank NNS 34823 9028 19 and and CC 34823 9028 20 savings saving NNS 34823 9028 21 banks bank NNS 34823 9028 22 , , , 34823 9028 23 of of IN 34823 9028 24 these these DT 34823 9028 25 the the DT 34823 9028 26 great great JJ 34823 9028 27 majority majority NN 34823 9028 28 being be VBG 34823 9028 29 private private JJ 34823 9028 30 banks bank NNS 34823 9028 31 . . . 34823 9029 1 We -PRON- PRP 34823 9029 2 can can MD 34823 9029 3 not not RB 34823 9029 4 make make VB 34823 9029 5 up up RP 34823 9029 6 the the DT 34823 9029 7 373 373 CD 34823 9029 8 millions million NNS 34823 9029 9 in in IN 34823 9029 10 the the DT 34823 9029 11 country country NN 34823 9029 12 districts district NNS 34823 9029 13 . . . 34823 9030 1 Nor nor CC 34823 9030 2 can can MD 34823 9030 3 we -PRON- PRP 34823 9030 4 make make VB 34823 9030 5 up up RP 34823 9030 6 the the DT 34823 9030 7 373 373 CD 34823 9030 8 millions million NNS 34823 9030 9 by by IN 34823 9030 10 taking take VBG 34823 9030 11 in in RP 34823 9030 12 all all PDT 34823 9030 13 the the DT 34823 9030 14 reserve reserve NN 34823 9030 15 and and CC 34823 9030 16 central central NNP 34823 9030 17 reserve reserve NNP 34823 9030 18 cities city NNS 34823 9030 19 , , , 34823 9030 20 exclusive exclusive JJ 34823 9030 21 of of IN 34823 9030 22 New New NNP 34823 9030 23 York York NNP 34823 9030 24 . . . 34823 9031 1 Chicago Chicago NNP 34823 9031 2 , , , 34823 9031 3 in in IN 34823 9031 4 the the DT 34823 9031 5 returns return NNS 34823 9031 6 , , , 34823 9031 7 shows show VBZ 34823 9031 8 42.6 42.6 CD 34823 9031 9 millions million NNS 34823 9031 10 in in IN 34823 9031 11 checks check NNS 34823 9031 12 ; ; : 34823 9031 13 St. St. NNP 34823 9031 14 Louis Louis NNP 34823 9031 15 , , , 34823 9031 16 14 14 CD 34823 9031 17 millions million NNS 34823 9031 18 ; ; : 34823 9031 19 Boston Boston NNP 34823 9031 20 , , , 34823 9031 21 48.8 48.8 CD 34823 9031 22 millions million NNS 34823 9031 23 ; ; : 34823 9031 24 Philadelphia Philadelphia NNP 34823 9031 25 , , , 34823 9031 26 28.6 28.6 CD 34823 9031 27 millions million NNS 34823 9031 28 ; ; : 34823 9031 29 the the DT 34823 9031 30 other other JJ 34823 9031 31 reserve reserve NNP 34823 9031 32 cities city NNS 34823 9031 33 show show VBP 34823 9031 34 40.2 40.2 CD 34823 9031 35 millions million NNS 34823 9031 36 -- -- : 34823 9031 37 a a DT 34823 9031 38 total total NN 34823 9031 39 of of IN 34823 9031 40 174 174 CD 34823 9031 41 millions million NNS 34823 9031 42 . . . 34823 9032 1 If if IN 34823 9032 2 we -PRON- PRP 34823 9032 3 doubled double VBD 34823 9032 4 the the DT 34823 9032 5 returns return NNS 34823 9032 6 for for IN 34823 9032 7 these these DT 34823 9032 8 cities city NNS 34823 9032 9 , , , 34823 9032 10 we -PRON- PRP 34823 9032 11 should should MD 34823 9032 12 still still RB 34823 9032 13 be be VB 34823 9032 14 200 200 CD 34823 9032 15 millions million NNS 34823 9032 16 short short JJ 34823 9032 17 of of IN 34823 9032 18 the the DT 34823 9032 19 373 373 CD 34823 9032 20 millions million NNS 34823 9032 21 added add VBN 34823 9032 22 by by IN 34823 9032 23 Professor Professor NNP 34823 9032 24 Weston Weston NNP 34823 9032 25 to to IN 34823 9032 26 the the DT 34823 9032 27 total total NN 34823 9032 28 ! ! . 34823 9033 1 Neither neither CC 34823 9033 2 in in IN 34823 9033 3 the the DT 34823 9033 4 country country NN 34823 9033 5 districts district NNS 34823 9033 6 , , , 34823 9033 7 nor nor CC 34823 9033 8 in in IN 34823 9033 9 the the DT 34823 9033 10 major major JJ 34823 9033 11 cities city NNS 34823 9033 12 outside outside IN 34823 9033 13 New New NNP 34823 9033 14 York York NNP 34823 9033 15 can can MD 34823 9033 16 we -PRON- PRP 34823 9033 17 find find VB 34823 9033 18 enough enough JJ 34823 9033 19 to to TO 34823 9033 20 make make VB 34823 9033 21 up up RP 34823 9033 22 that that DT 34823 9033 23 addition addition NN 34823 9033 24 . . . 34823 9034 1 Very very RB 34823 9034 2 much much JJ 34823 9034 3 of of IN 34823 9034 4 the the DT 34823 9034 5 amount amount NN 34823 9034 6 added add VBN 34823 9034 7 for for IN 34823 9034 8 non non JJ 34823 9034 9 - - JJ 34823 9034 10 reporting reporting JJ 34823 9034 11 banks bank NNS 34823 9034 12 must must MD 34823 9034 13 be be VB 34823 9034 14 found find VBN 34823 9034 15 in in IN 34823 9034 16 New New NNP 34823 9034 17 York York NNP 34823 9034 18 City City NNP 34823 9034 19 itself -PRON- PRP 34823 9034 20 . . . 34823 9035 1 [ [ -LRB- 34823 9035 2 392 392 CD 34823 9035 3 ] ] -RRB- 34823 9035 4 Dean Dean NNP 34823 9035 5 Kinley Kinley NNP 34823 9035 6 's 's POS 34823 9035 7 questionnaire questionnaire NN 34823 9035 8 asked ask VBD 34823 9035 9 the the DT 34823 9035 10 banks bank NNS 34823 9035 11 reporting report VBG 34823 9035 12 their -PRON- PRP$ 34823 9035 13 deposits deposit NNS 34823 9035 14 for for IN 34823 9035 15 the the DT 34823 9035 16 day day NN 34823 9035 17 to to TO 34823 9035 18 exclude exclude VB 34823 9035 19 deposits deposit NNS 34823 9035 20 made make VBN 34823 9035 21 by by IN 34823 9035 22 other other JJ 34823 9035 23 banks bank NNS 34823 9035 24 . . . 34823 9036 1 These these DT 34823 9036 2 deposits deposit NNS 34823 9036 3 were be VBD 34823 9036 4 not not RB 34823 9036 5 excluded exclude VBN 34823 9036 6 in in IN 34823 9036 7 the the DT 34823 9036 8 1896 1896 CD 34823 9036 9 investigation investigation NN 34823 9036 10 . . . 34823 9037 1 [ [ -LRB- 34823 9037 2 393 393 CD 34823 9037 3 ] ] -RRB- 34823 9037 4 House House NNP 34823 9037 5 Committee Committee NNP 34823 9037 6 on on IN 34823 9037 7 " " `` 34823 9037 8 Money Money NNP 34823 9037 9 Trust Trust NNP 34823 9037 10 . . . 34823 9037 11 " " '' 34823 9038 1 Feb. February NNP 34823 9038 2 28 28 CD 34823 9038 3 , , , 34823 9038 4 1913 1913 CD 34823 9038 5 . . . 34823 9039 1 Pp Pp NNP 34823 9039 2 . . . 34823 9040 1 57 57 CD 34823 9040 2 , , , 34823 9040 3 78 78 CD 34823 9040 4 , , , 34823 9040 5 145 145 CD 34823 9040 6 . . . 34823 9041 1 [ [ -LRB- 34823 9041 2 394 394 CD 34823 9041 3 ] ] -RRB- 34823 9041 4 _ _ NNP 34823 9041 5 Cf Cf NNP 34823 9041 6 . . . 34823 9041 7 _ _ NNP 34823 9041 8 _ _ NNP 34823 9041 9 supra supra NNP 34823 9041 10 _ _ NNP 34823 9041 11 , , , 34823 9041 12 and and CC 34823 9041 13 _ _ NNP 34823 9041 14 infra infra FW 34823 9041 15 _ _ NNP 34823 9041 16 our -PRON- PRP$ 34823 9041 17 discussion discussion NN 34823 9041 18 of of IN 34823 9041 19 the the DT 34823 9041 20 volume volume NN 34823 9041 21 of of IN 34823 9041 22 trade trade NN 34823 9041 23 , , , 34823 9041 24 and and CC 34823 9041 25 _ _ NNP 34823 9041 26 infra infra NNP 34823 9041 27 _ _ NNP 34823 9041 28 , , , 34823 9041 29 our -PRON- PRP$ 34823 9041 30 discussion discussion NN 34823 9041 31 of of IN 34823 9041 32 credit credit NN 34823 9041 33 , , , 34823 9041 34 particularly particularly RB 34823 9041 35 the the DT 34823 9041 36 analysis analysis NN 34823 9041 37 of of IN 34823 9041 38 bank bank NN 34823 9041 39 - - HYPH 34823 9041 40 loans loan NNS 34823 9041 41 . . . 34823 9042 1 [ [ -LRB- 34823 9042 2 395 395 CD 34823 9042 3 ] ] -RRB- 34823 9042 4 _ _ NNP 34823 9042 5 Vide Vide NNP 34823 9042 6 _ _ NNP 34823 9042 7 the the DT 34823 9042 8 opinion opinion NN 34823 9042 9 expressed express VBN 34823 9042 10 by by IN 34823 9042 11 an an DT 34823 9042 12 official official NN 34823 9042 13 of of IN 34823 9042 14 a a DT 34823 9042 15 New New NNP 34823 9042 16 York York NNP 34823 9042 17 trust trust NN 34823 9042 18 company company NN 34823 9042 19 , , , 34823 9042 20 quoted quote VBN 34823 9042 21 below below RB 34823 9042 22 , , , 34823 9042 23 on on IN 34823 9042 24 p. p. NN 34823 9042 25 346 346 CD 34823 9042 26 . . . 34823 9043 1 [ [ -LRB- 34823 9043 2 396 396 CD 34823 9043 3 ] ] -RRB- 34823 9043 4 _ _ NNP 34823 9043 5 Cf Cf NNP 34823 9043 6 . . . 34823 9043 7 _ _ NNP 34823 9043 8 Horace Horace NNP 34823 9043 9 White White NNP 34823 9043 10 , , , 34823 9043 11 _ _ NNP 34823 9043 12 Money Money NNP 34823 9043 13 and and CC 34823 9043 14 Banking Banking NNP 34823 9043 15 _ _ NNP 34823 9043 16 , , , 34823 9043 17 5th 5th JJ 34823 9043 18 ed ed NNP 34823 9043 19 . . NNP 34823 9043 20 , , , 34823 9043 21 p. p. NN 34823 9043 22 364 364 CD 34823 9043 23 . . . 34823 9044 1 [ [ -LRB- 34823 9044 2 397 397 CD 34823 9044 3 ] ] -RRB- 34823 9044 4 Kirkbride Kirkbride NNP 34823 9044 5 and and CC 34823 9044 6 Sterret Sterret NNP 34823 9044 7 , , , 34823 9044 8 _ _ NNP 34823 9044 9 The the DT 34823 9044 10 Modern Modern NNP 34823 9044 11 Trust Trust NNP 34823 9044 12 Co. Co. NNP 34823 9044 13 _ _ NNP 34823 9044 14 , , , 34823 9044 15 New New NNP 34823 9044 16 York York NNP 34823 9044 17 , , , 34823 9044 18 1905 1905 CD 34823 9044 19 , , , 34823 9044 20 pp pp NNP 34823 9044 21 . . . 34823 9045 1 59 59 CD 34823 9045 2 - - SYM 34823 9045 3 60 60 CD 34823 9045 4 ; ; : 34823 9045 5 Cannon Cannon NNP 34823 9045 6 , , , 34823 9045 7 _ _ NNP 34823 9045 8 Clearing Clearing NNP 34823 9045 9 Houses Houses NNP 34823 9045 10 _ _ NNP 34823 9045 11 , , , 34823 9045 12 _ _ NNP 34823 9045 13 Nat Nat NNP 34823 9045 14 . . . 34823 9046 1 Mon Mon NNP 34823 9046 2 . . . 34823 9047 1 Com com NN 34823 9047 2 . . . 34823 9048 1 Report Report NNP 34823 9048 2 _ _ NNP 34823 9048 3 , , , 34823 9048 4 p. p. NN 34823 9048 5 178 178 CD 34823 9048 6 ; ; : 34823 9048 7 Conant Conant NNP 34823 9048 8 , , , 34823 9048 9 _ _ NNP 34823 9048 10 Principles Principles NNPS 34823 9048 11 of of IN 34823 9048 12 Money Money NNP 34823 9048 13 and and CC 34823 9048 14 Banking Banking NNP 34823 9048 15 _ _ NNP 34823 9048 16 , , , 34823 9048 17 II II NNP 34823 9048 18 , , , 34823 9048 19 p. p. NN 34823 9048 20 244 244 CD 34823 9048 21 . . . 34823 9049 1 [ [ -LRB- 34823 9049 2 398 398 CD 34823 9049 3 ] ] -RRB- 34823 9049 4 Inquiry Inquiry NNP 34823 9049 5 was be VBD 34823 9049 6 also also RB 34823 9049 7 made make VBN 34823 9049 8 of of IN 34823 9049 9 Professor Professor NNP 34823 9049 10 George George NNP 34823 9049 11 E. E. NNP 34823 9049 12 Barnett Barnett NNP 34823 9049 13 , , , 34823 9049 14 who who WP 34823 9049 15 had have VBD 34823 9049 16 cited cite VBN 34823 9049 17 the the DT 34823 9049 18 figures figure NNS 34823 9049 19 given give VBN 34823 9049 20 by by IN 34823 9049 21 the the DT 34823 9049 22 New New NNP 34823 9049 23 York York NNP 34823 9049 24 Supt Supt NNP 34823 9049 25 . . . 34823 9050 1 of of IN 34823 9050 2 Banks Banks NNPS 34823 9050 3 at at IN 34823 9050 4 p. p. NN 34823 9050 5 133 133 CD 34823 9050 6 of of IN 34823 9050 7 his -PRON- PRP$ 34823 9050 8 _ _ NNP 34823 9050 9 State State NNP 34823 9050 10 Banks Banks NNPS 34823 9050 11 and and CC 34823 9050 12 Trust Trust NNP 34823 9050 13 Companies Companies NNPS 34823 9050 14 _ _ NNP 34823 9050 15 . . . 34823 9051 1 Professor Professor NNP 34823 9051 2 Barnett Barnett NNP 34823 9051 3 writes write VBZ 34823 9051 4 , , , 34823 9051 5 in in IN 34823 9051 6 part part NN 34823 9051 7 , , , 34823 9051 8 as as IN 34823 9051 9 follows follow VBZ 34823 9051 10 : : : 34823 9051 11 " " `` 34823 9051 12 I -PRON- PRP 34823 9051 13 made make VBD 34823 9051 14 no no DT 34823 9051 15 independent independent JJ 34823 9051 16 inquiry inquiry NN 34823 9051 17 at at IN 34823 9051 18 the the DT 34823 9051 19 time time NN 34823 9051 20 , , , 34823 9051 21 and and CC 34823 9051 22 accepted accept VBD 34823 9051 23 the the DT 34823 9051 24 statement statement NN 34823 9051 25 of of IN 34823 9051 26 the the DT 34823 9051 27 superintendent superintendent NN 34823 9051 28 of of IN 34823 9051 29 banks bank NNS 34823 9051 30 without without IN 34823 9051 31 critical critical JJ 34823 9051 32 examination examination NN 34823 9051 33 of of IN 34823 9051 34 its -PRON- PRP$ 34823 9051 35 basis basis NN 34823 9051 36 . . . 34823 9052 1 From from IN 34823 9052 2 what what WP 34823 9052 3 you -PRON- PRP 34823 9052 4 say say VBP 34823 9052 5 , , , 34823 9052 6 it -PRON- PRP 34823 9052 7 appears appear VBZ 34823 9052 8 highly highly RB 34823 9052 9 probable probable JJ 34823 9052 10 that that IN 34823 9052 11 he -PRON- PRP 34823 9052 12 was be VBD 34823 9052 13 mistaken mistake VBN 34823 9052 14 in in IN 34823 9052 15 his -PRON- PRP$ 34823 9052 16 conclusions conclusion NNS 34823 9052 17 . . . 34823 9053 1 The the DT 34823 9053 2 only only JJ 34823 9053 3 question question NN 34823 9053 4 in in IN 34823 9053 5 which which WDT 34823 9053 6 I -PRON- PRP 34823 9053 7 was be VBD 34823 9053 8 interested interested JJ 34823 9053 9 was be VBD 34823 9053 10 whether whether IN 34823 9053 11 the the DT 34823 9053 12 reserves reserve NNS 34823 9053 13 of of IN 34823 9053 14 the the DT 34823 9053 15 trust trust NN 34823 9053 16 companies company NNS 34823 9053 17 could could MD 34823 9053 18 be be VB 34823 9053 19 reasonably reasonably RB 34823 9053 20 lower low JJR 34823 9053 21 than than IN 34823 9053 22 those those DT 34823 9053 23 of of IN 34823 9053 24 the the DT 34823 9053 25 national national JJ 34823 9053 26 banks bank NNS 34823 9053 27 . . . 34823 9054 1 I -PRON- PRP 34823 9054 2 did do VBD 34823 9054 3 not not RB 34823 9054 4 care care VB 34823 9054 5 so so RB 34823 9054 6 much much RB 34823 9054 7 about about IN 34823 9054 8 the the DT 34823 9054 9 exact exact JJ 34823 9054 10 ratio ratio NN 34823 9054 11 of of IN 34823 9054 12 clearings clearing NNS 34823 9054 13 and and CC 34823 9054 14 only only RB 34823 9054 15 quoted quote VBD 34823 9054 16 that that IN 34823 9054 17 incidentally incidentally RB 34823 9054 18 . . . 34823 9054 19 " " '' 34823 9055 1 For for IN 34823 9055 2 the the DT 34823 9055 3 purposes purpose NNS 34823 9055 4 which which WDT 34823 9055 5 both both DT 34823 9055 6 Professor Professor NNP 34823 9055 7 Barnett Barnett NNP 34823 9055 8 and and CC 34823 9055 9 Mr. Mr. NNP 34823 9055 10 Williams Williams NNP 34823 9055 11 had have VBD 34823 9055 12 in in IN 34823 9055 13 view view NN 34823 9055 14 , , , 34823 9055 15 the the DT 34823 9055 16 exact exact JJ 34823 9055 17 ratio ratio NN 34823 9055 18 was be VBD 34823 9055 19 unimportant unimportant JJ 34823 9055 20 . . . 34823 9056 1 The the DT 34823 9056 2 higher high JJR 34823 9056 3 figures figure NNS 34823 9056 4 which which WDT 34823 9056 5 I -PRON- PRP 34823 9056 6 have have VBP 34823 9056 7 given give VBN 34823 9056 8 above above RB 34823 9056 9 would would MD 34823 9056 10 support support VB 34823 9056 11 the the DT 34823 9056 12 thesis thesis NN 34823 9056 13 in in IN 34823 9056 14 which which WDT 34823 9056 15 both both DT 34823 9056 16 were be VBD 34823 9056 17 interested interested JJ 34823 9056 18 , , , 34823 9056 19 namely namely RB 34823 9056 20 , , , 34823 9056 21 that that IN 34823 9056 22 trust trust NN 34823 9056 23 company company NN 34823 9056 24 accounts account NNS 34823 9056 25 are be VBP 34823 9056 26 less less RBR 34823 9056 27 active active JJ 34823 9056 28 than than IN 34823 9056 29 bank bank NN 34823 9056 30 accounts account NNS 34823 9056 31 , , , 34823 9056 32 and and CC 34823 9056 33 so so RB 34823 9056 34 lower low JJR 34823 9056 35 reserves reserve NNS 34823 9056 36 may may MD 34823 9056 37 be be VB 34823 9056 38 safely safely RB 34823 9056 39 held hold VBN 34823 9056 40 by by IN 34823 9056 41 trust trust NN 34823 9056 42 companies company NNS 34823 9056 43 than than IN 34823 9056 44 by by IN 34823 9056 45 national national JJ 34823 9056 46 banks bank NNS 34823 9056 47 . . . 34823 9057 1 [ [ -LRB- 34823 9057 2 399 399 CD 34823 9057 3 ] ] -RRB- 34823 9057 4 Fisher Fisher NNP 34823 9057 5 , , , 34823 9057 6 _ _ NNP 34823 9057 7 loc loc NN 34823 9057 8 . . . 34823 9058 1 cit cit NNP 34823 9058 2 . . . 34823 9058 3 _ _ NNP 34823 9058 4 , , , 34823 9058 5 p. p. NN 34823 9058 6 444 444 CD 34823 9058 7 . . . 34823 9059 1 [ [ -LRB- 34823 9059 2 400 400 CD 34823 9059 3 ] ] -RRB- 34823 9059 4 P. P. NNP 34823 9059 5 443 443 CD 34823 9059 6 . . . 34823 9060 1 Other other JJ 34823 9060 2 discussions discussion NNS 34823 9060 3 of of IN 34823 9060 4 this this DT 34823 9060 5 investigation investigation NN 34823 9060 6 are be VBP 34823 9060 7 in in IN 34823 9060 8 the the DT 34823 9060 9 _ _ NNP 34823 9060 10 Journal Journal NNP 34823 9060 11 of of IN 34823 9060 12 the the DT 34823 9060 13 American American NNP 34823 9060 14 Bankers Bankers NNPS 34823 9060 15 ' ' POS 34823 9060 16 Association Association NNP 34823 9060 17 _ _ NNP 34823 9060 18 , , , 34823 9060 19 Jan. January NNP 34823 9060 20 1914 1914 CD 34823 9060 21 , , , 34823 9060 22 p. p. NN 34823 9060 23 487 487 CD 34823 9060 24 ; ; : 34823 9060 25 _ _ NNP 34823 9060 26 Ibid Ibid NNP 34823 9060 27 . . . 34823 9060 28 _ _ NNP 34823 9060 29 , , , 34823 9060 30 Feb. February NNP 34823 9060 31 1915 1915 CD 34823 9060 32 , , , 34823 9060 33 p. p. NN 34823 9060 34 555 555 CD 34823 9060 35 ; ; : 34823 9060 36 _ _ NNP 34823 9060 37 National National NNP 34823 9060 38 Banker Banker NNP 34823 9060 39 _ _ NNP 34823 9060 40 , , , 34823 9060 41 March March NNP 34823 9060 42 , , , 34823 9060 43 1915 1915 CD 34823 9060 44 . . . 34823 9061 1 [ [ -LRB- 34823 9061 2 401 401 CD 34823 9061 3 ] ] -RRB- 34823 9061 4 None none NN 34823 9061 5 of of IN 34823 9061 6 the the DT 34823 9061 7 cities city NNS 34823 9061 8 covered cover VBN 34823 9061 9 in in IN 34823 9061 10 the the DT 34823 9061 11 figures figure NNS 34823 9061 12 given give VBN 34823 9061 13 in in IN 34823 9061 14 the the DT 34823 9061 15 _ _ NNP 34823 9061 16 Annalist Annalist NNP 34823 9061 17 _ _ NNP 34823 9061 18 were be VBD 34823 9061 19 in in IN 34823 9061 20 New New NNP 34823 9061 21 York York NNP 34823 9061 22 State State NNP 34823 9061 23 . . . 34823 9062 1 Kinley Kinley NNP 34823 9062 2 's 's POS 34823 9062 3 figures figure NNS 34823 9062 4 show show VBP 34823 9062 5 that that IN 34823 9062 6 the the DT 34823 9062 7 percentage percentage NN 34823 9062 8 of of IN 34823 9062 9 checks check NNS 34823 9062 10 received receive VBN 34823 9062 11 in in IN 34823 9062 12 deposits deposit NNS 34823 9062 13 of of IN 34823 9062 14 March March NNP 34823 9062 15 16 16 CD 34823 9062 16 , , , 34823 9062 17 1909 1909 CD 34823 9062 18 , , , 34823 9062 19 in in IN 34823 9062 20 banks bank NNS 34823 9062 21 outside outside IN 34823 9062 22 New New NNP 34823 9062 23 York York NNP 34823 9062 24 State State NNP 34823 9062 25 was be VBD 34823 9062 26 91 91 CD 34823 9062 27 % % NN 34823 9062 28 . . . 34823 9063 1 _ _ NNP 34823 9063 2 Loc Loc NNP 34823 9063 3 . . . 34823 9064 1 cit cit NNP 34823 9064 2 . . . 34823 9064 3 _ _ NNP 34823 9064 4 , , , 34823 9064 5 p. p. NN 34823 9064 6 180 180 CD 34823 9064 7 . . . 34823 9065 1 [ [ -LRB- 34823 9065 2 402 402 CD 34823 9065 3 ] ] -RRB- 34823 9065 4 Multiplying multiply VBG 34823 9065 5 the the DT 34823 9065 6 408 408 CD 34823 9065 7 millions million NNS 34823 9065 8 of of IN 34823 9065 9 checks check NNS 34823 9065 10 deposited deposit VBN 34823 9065 11 outside outside IN 34823 9065 12 New New NNP 34823 9065 13 York York NNP 34823 9065 14 on on IN 34823 9065 15 March March NNP 34823 9065 16 16 16 CD 34823 9065 17 , , , 34823 9065 18 1909 1909 CD 34823 9065 19 by by IN 34823 9065 20 303 303 CD 34823 9065 21 , , , 34823 9065 22 the the DT 34823 9065 23 assumed assumed JJ 34823 9065 24 number number NN 34823 9065 25 of of IN 34823 9065 26 banking banking NN 34823 9065 27 days day NNS 34823 9065 28 , , , 34823 9065 29 gives give VBZ 34823 9065 30 123.6 123.6 CD 34823 9065 31 billions billion NNS 34823 9065 32 . . . 34823 9066 1 Probably probably RB 34823 9066 2 , , , 34823 9066 3 therefore therefore RB 34823 9066 4 , , , 34823 9066 5 124 124 CD 34823 9066 6 billions billion NNS 34823 9066 7 is be VBZ 34823 9066 8 too too RB 34823 9066 9 small small JJ 34823 9066 10 a a DT 34823 9066 11 figure figure NN 34823 9066 12 . . . 34823 9067 1 But but CC 34823 9067 2 we -PRON- PRP 34823 9067 3 should should MD 34823 9067 4 be be VB 34823 9067 5 slow slow JJ 34823 9067 6 in in IN 34823 9067 7 modifying modify VBG 34823 9067 8 a a DT 34823 9067 9 figure figure NN 34823 9067 10 based base VBN 34823 9067 11 on on IN 34823 9067 12 17 17 CD 34823 9067 13 months month NNS 34823 9067 14 ' ' POS 34823 9067 15 observations observation NNS 34823 9067 16 because because IN 34823 9067 17 of of IN 34823 9067 18 the the DT 34823 9067 19 figures figure NNS 34823 9067 20 from from IN 34823 9067 21 one one CD 34823 9067 22 day day NN 34823 9067 23 's 's POS 34823 9067 24 observations observation NNS 34823 9067 25 . . . 34823 9068 1 [ [ -LRB- 34823 9068 2 403 403 CD 34823 9068 3 ] ] -RRB- 34823 9068 4 I -PRON- PRP 34823 9068 5 have have VBP 34823 9068 6 greater great JJR 34823 9068 7 confidence confidence NN 34823 9068 8 in in IN 34823 9068 9 this this DT 34823 9068 10 conclusion conclusion NN 34823 9068 11 , , , 34823 9068 12 since since IN 34823 9068 13 seeing see VBG 34823 9068 14 a a DT 34823 9068 15 letter letter NN 34823 9068 16 from from IN 34823 9068 17 Mr. Mr. NNP 34823 9068 18 Howard Howard NNP 34823 9068 19 Wolfe Wolfe NNP 34823 9068 20 , , , 34823 9068 21 who who WP 34823 9068 22 made make VBD 34823 9068 23 the the DT 34823 9068 24 investigation investigation NN 34823 9068 25 of of IN 34823 9068 26 outside outside JJ 34823 9068 27 clearings clearing NNS 34823 9068 28 and and CC 34823 9068 29 " " `` 34823 9068 30 total total JJ 34823 9068 31 transactions transaction NNS 34823 9068 32 " " '' 34823 9068 33 for for IN 34823 9068 34 the the DT 34823 9068 35 American American NNP 34823 9068 36 Bankers Bankers NNPS 34823 9068 37 ' ' POS 34823 9068 38 Association Association NNP 34823 9068 39 , , , 34823 9068 40 to to IN 34823 9068 41 Mr. Mr. NNP 34823 9068 42 Osmund Osmund NNP 34823 9068 43 Phillips Phillips NNP 34823 9068 44 , , , 34823 9068 45 Editor Editor NNP 34823 9068 46 of of IN 34823 9068 47 the the DT 34823 9068 48 _ _ NNP 34823 9068 49 Annalist Annalist NNP 34823 9068 50 _ _ NNP 34823 9068 51 . . . 34823 9069 1 Mr. Mr. NNP 34823 9069 2 Wolfe Wolfe NNP 34823 9069 3 writes write VBZ 34823 9069 4 : : : 34823 9069 5 " " `` 34823 9069 6 I -PRON- PRP 34823 9069 7 do do VBP 34823 9069 8 not not RB 34823 9069 9 believe believe VB 34823 9069 10 that that IN 34823 9069 11 the the DT 34823 9069 12 experience experience NN 34823 9069 13 of of IN 34823 9069 14 the the DT 34823 9069 15 New New NNP 34823 9069 16 York York NNP 34823 9069 17 banks bank NNS 34823 9069 18 would would MD 34823 9069 19 differ differ VB 34823 9069 20 from from IN 34823 9069 21 that that DT 34823 9069 22 of of IN 34823 9069 23 other other JJ 34823 9069 24 institutions institution NNS 34823 9069 25 which which WDT 34823 9069 26 now now RB 34823 9069 27 supply supply VBP 34823 9069 28 [ [ -LRB- 34823 9069 29 these these DT 34823 9069 30 figures figure NNS 34823 9069 31 ] ] -RRB- 34823 9069 32 . . . 34823 9069 33 " " '' 34823 9070 1 [ [ -LRB- 34823 9070 2 404 404 CD 34823 9070 3 ] ] -RRB- 34823 9070 4 My -PRON- PRP$ 34823 9070 5 information information NN 34823 9070 6 on on IN 34823 9070 7 this this DT 34823 9070 8 point point NN 34823 9070 9 comes come VBZ 34823 9070 10 from from IN 34823 9070 11 Professor Professor NNP 34823 9070 12 O. O. NNP 34823 9070 13 M. M. NNP 34823 9070 14 W. W. NNP 34823 9070 15 Sprague Sprague NNP 34823 9070 16 . . . 34823 9071 1 It -PRON- PRP 34823 9071 2 is be VBZ 34823 9071 3 corroborated corroborate VBN 34823 9071 4 by by IN 34823 9071 5 an an DT 34823 9071 6 official official NN 34823 9071 7 of of IN 34823 9071 8 the the DT 34823 9071 9 Bankers Bankers NNPS 34823 9071 10 Trust Trust NNP 34823 9071 11 Company Company NNP 34823 9071 12 in in IN 34823 9071 13 New New NNP 34823 9071 14 York York NNP 34823 9071 15 . . . 34823 9072 1 [ [ -LRB- 34823 9072 2 405 405 CD 34823 9072 3 ] ] -RRB- 34823 9072 4 _ _ NNP 34823 9072 5 Vide Vide NNP 34823 9072 6 _ _ NNP 34823 9072 7 Rodney Rodney NNP 34823 9072 8 Dean Dean NNP 34823 9072 9 , , , 34823 9072 10 of of IN 34823 9072 11 the the DT 34823 9072 12 Fifth Fifth NNP 34823 9072 13 Avenue Avenue NNP 34823 9072 14 Bank Bank NNP 34823 9072 15 , , , 34823 9072 16 New New NNP 34823 9072 17 York York NNP 34823 9072 18 , , , 34823 9072 19 " " `` 34823 9072 20 The the DT 34823 9072 21 Problem problem NN 34823 9072 22 of of IN 34823 9072 23 Collecting Collecting NNP 34823 9072 24 Transit Transit NNP 34823 9072 25 Items Items NNPS 34823 9072 26 , , , 34823 9072 27 " " '' 34823 9072 28 _ _ NNP 34823 9072 29 Journal Journal NNP 34823 9072 30 of of IN 34823 9072 31 the the DT 34823 9072 32 American American NNP 34823 9072 33 Bankers Bankers NNPS 34823 9072 34 ' ' POS 34823 9072 35 Association Association NNP 34823 9072 36 _ _ NNP 34823 9072 37 , , , 34823 9072 38 Jan. January NNP 34823 9072 39 1914 1914 CD 34823 9072 40 , , , 34823 9072 41 p. p. NN 34823 9072 42 537 537 CD 34823 9072 43 . . . 34823 9073 1 Boston Boston NNP 34823 9073 2 inaugurated inaugurate VBD 34823 9073 3 the the DT 34823 9073 4 system system NN 34823 9073 5 in in IN 34823 9073 6 1890 1890 CD 34823 9073 7 - - SYM 34823 9073 8 1900 1900 CD 34823 9073 9 ; ; : 34823 9073 10 Kansas Kansas NNP 34823 9073 11 City City NNP 34823 9073 12 five five CD 34823 9073 13 years year NNS 34823 9073 14 later later RB 34823 9073 15 . . . 34823 9074 1 Since since IN 34823 9074 2 the the DT 34823 9074 3 above above RB 34823 9074 4 was be VBD 34823 9074 5 written write VBN 34823 9074 6 , , , 34823 9074 7 I -PRON- PRP 34823 9074 8 have have VBP 34823 9074 9 learned learn VBN 34823 9074 10 that that IN 34823 9074 11 New New NNP 34823 9074 12 York York NNP 34823 9074 13 , , , 34823 9074 14 in in IN 34823 9074 15 recent recent JJ 34823 9074 16 months month NNS 34823 9074 17 , , , 34823 9074 18 has have VBZ 34823 9074 19 introduced introduce VBN 34823 9074 20 the the DT 34823 9074 21 new new JJ 34823 9074 22 system system NN 34823 9074 23 . . . 34823 9075 1 This this DT 34823 9075 2 does do VBZ 34823 9075 3 not not RB 34823 9075 4 affect affect VB 34823 9075 5 our -PRON- PRP$ 34823 9075 6 argument argument NN 34823 9075 7 regarding regard VBG 34823 9075 8 the the DT 34823 9075 9 figures figure NNS 34823 9075 10 for for IN 34823 9075 11 1909 1909 CD 34823 9075 12 . . . 34823 9076 1 [ [ -LRB- 34823 9076 2 406 406 CD 34823 9076 3 ] ] -RRB- 34823 9076 4 Since since IN 34823 9076 5 the the DT 34823 9076 6 foregoing foregoing NN 34823 9076 7 was be VBD 34823 9076 8 written write VBN 34823 9076 9 , , , 34823 9076 10 my -PRON- PRP$ 34823 9076 11 attention attention NN 34823 9076 12 has have VBZ 34823 9076 13 been be VBN 34823 9076 14 called call VBN 34823 9076 15 by by IN 34823 9076 16 Mr. Mr. NNP 34823 9076 17 Osmund Osmund NNP 34823 9076 18 Phillips Phillips NNP 34823 9076 19 , , , 34823 9076 20 Financial Financial NNP 34823 9076 21 Editor Editor NNP 34823 9076 22 of of IN 34823 9076 23 the the DT 34823 9076 24 New New NNP 34823 9076 25 York York NNP 34823 9076 26 _ _ NNP 34823 9076 27 Times Times NNP 34823 9076 28 _ _ NNP 34823 9076 29 , , , 34823 9076 30 and and CC 34823 9076 31 Editor Editor NNP 34823 9076 32 of of IN 34823 9076 33 the the DT 34823 9076 34 _ _ NNP 34823 9076 35 Annalist Annalist NNP 34823 9076 36 _ _ NNP 34823 9076 37 , , , 34823 9076 38 to to IN 34823 9076 39 indirect indirect JJ 34823 9076 40 ways way NNS 34823 9076 41 in in IN 34823 9076 42 which which WDT 34823 9076 43 items item NNS 34823 9076 44 on on IN 34823 9076 45 out out IN 34823 9076 46 of of IN 34823 9076 47 town town NN 34823 9076 48 banks bank NNS 34823 9076 49 sent send VBN 34823 9076 50 to to IN 34823 9076 51 New New NNP 34823 9076 52 York York NNP 34823 9076 53 for for IN 34823 9076 54 collection collection NN 34823 9076 55 will will MD 34823 9076 56 affect affect VB 34823 9076 57 New New NNP 34823 9076 58 York York NNP 34823 9076 59 clearings clearing NNS 34823 9076 60 . . . 34823 9077 1 Country country NN 34823 9077 2 correspondent correspondent NN 34823 9077 3 banks bank NNS 34823 9077 4 to to TO 34823 9077 5 which which WDT 34823 9077 6 New New NNP 34823 9077 7 York York NNP 34823 9077 8 banks bank NNS 34823 9077 9 send send VBP 34823 9077 10 these these DT 34823 9077 11 items item NNS 34823 9077 12 for for IN 34823 9077 13 collection collection NN 34823 9077 14 , , , 34823 9077 15 may may MD 34823 9077 16 remit remit VB 34823 9077 17 for for IN 34823 9077 18 them -PRON- PRP 34823 9077 19 in in IN 34823 9077 20 four four CD 34823 9077 21 ways way NNS 34823 9077 22 : : : 34823 9077 23 ( ( -LRB- 34823 9077 24 1 1 LS 34823 9077 25 ) ) -RRB- 34823 9077 26 by by IN 34823 9077 27 sending send VBG 34823 9077 28 cash cash NN 34823 9077 29 ; ; , 34823 9077 30 ( ( -LRB- 34823 9077 31 2 2 LS 34823 9077 32 ) ) -RRB- 34823 9077 33 by by IN 34823 9077 34 sending send VBG 34823 9077 35 items item NNS 34823 9077 36 on on IN 34823 9077 37 out out JJ 34823 9077 38 - - HYPH 34823 9077 39 of of IN 34823 9077 40 - - HYPH 34823 9077 41 town town NN 34823 9077 42 banks bank NNS 34823 9077 43 , , , 34823 9077 44 which which WDT 34823 9077 45 the the DT 34823 9077 46 New New NNP 34823 9077 47 York York NNP 34823 9077 48 bank bank NN 34823 9077 49 will will MD 34823 9077 50 send send VB 34823 9077 51 on on RP 34823 9077 52 to to IN 34823 9077 53 some some DT 34823 9077 54 other other JJ 34823 9077 55 correspondent correspondent NN 34823 9077 56 for for IN 34823 9077 57 collection collection NN 34823 9077 58 ; ; : 34823 9077 59 ( ( -LRB- 34823 9077 60 3 3 LS 34823 9077 61 ) ) -RRB- 34823 9077 62 by by IN 34823 9077 63 draft draft NN 34823 9077 64 on on IN 34823 9077 65 the the DT 34823 9077 66 New New NNP 34823 9077 67 York York NNP 34823 9077 68 bank bank NN 34823 9077 69 which which WDT 34823 9077 70 has have VBZ 34823 9077 71 sent send VBN 34823 9077 72 the the DT 34823 9077 73 items item NNS 34823 9077 74 to to TO 34823 9077 75 be be VB 34823 9077 76 collected collect VBN 34823 9077 77 ; ; : 34823 9077 78 ( ( -LRB- 34823 9077 79 4 4 LS 34823 9077 80 ) ) -RRB- 34823 9077 81 by by IN 34823 9077 82 draft draft NN 34823 9077 83 on on IN 34823 9077 84 some some DT 34823 9077 85 other other JJ 34823 9077 86 New New NNP 34823 9077 87 York York NNP 34823 9077 88 bank bank NN 34823 9077 89 . . . 34823 9078 1 In in IN 34823 9078 2 the the DT 34823 9078 3 last last JJ 34823 9078 4 case case NN 34823 9078 5 , , , 34823 9078 6 New New NNP 34823 9078 7 York York NNP 34823 9078 8 clearings clearing NNS 34823 9078 9 are be VBP 34823 9078 10 affected affect VBN 34823 9078 11 . . . 34823 9079 1 The the DT 34823 9079 2 first first JJ 34823 9079 3 case case NN 34823 9079 4 is be VBZ 34823 9079 5 not not RB 34823 9079 6 , , , 34823 9079 7 quantitatively quantitatively RB 34823 9079 8 , , , 34823 9079 9 important important JJ 34823 9079 10 . . . 34823 9080 1 The the DT 34823 9080 2 second second JJ 34823 9080 3 and and CC 34823 9080 4 third third JJ 34823 9080 5 cases case NNS 34823 9080 6 would would MD 34823 9080 7 seem seem VB 34823 9080 8 to to TO 34823 9080 9 be be VB 34823 9080 10 the the DT 34823 9080 11 normal normal JJ 34823 9080 12 types type NNS 34823 9080 13 , , , 34823 9080 14 assuming assume VBG 34823 9080 15 correspondent correspondent NN 34823 9080 16 relations relation NNS 34823 9080 17 between between IN 34823 9080 18 New New NNP 34823 9080 19 York York NNP 34823 9080 20 banks bank NNS 34823 9080 21 and and CC 34823 9080 22 country country NN 34823 9080 23 banks bank NNS 34823 9080 24 to to TO 34823 9080 25 be be VB 34823 9080 26 _ _ NNP 34823 9080 27 reciprocal reciprocal JJ 34823 9080 28 _ _ NNP 34823 9080 29 , , , 34823 9080 30 since since IN 34823 9080 31 the the DT 34823 9080 32 New New NNP 34823 9080 33 York York NNP 34823 9080 34 bank bank NN 34823 9080 35 would would MD 34823 9080 36 be be VB 34823 9080 37 disposed dispose VBN 34823 9080 38 , , , 34823 9080 39 as as RB 34823 9080 40 far far RB 34823 9080 41 as as IN 34823 9080 42 possible possible JJ 34823 9080 43 , , , 34823 9080 44 to to TO 34823 9080 45 turn turn VB 34823 9080 46 over over RP 34823 9080 47 its -PRON- PRP$ 34823 9080 48 collection collection NN 34823 9080 49 business business NN 34823 9080 50 to to IN 34823 9080 51 its -PRON- PRP$ 34823 9080 52 own own JJ 34823 9080 53 depositors depositor NNS 34823 9080 54 among among IN 34823 9080 55 the the DT 34823 9080 56 country country NN 34823 9080 57 banks bank NNS 34823 9080 58 . . . 34823 9081 1 Mr. Mr. NNP 34823 9081 2 Phillips Phillips NNP 34823 9081 3 says say VBZ 34823 9081 4 , , , 34823 9081 5 however however RB 34823 9081 6 , , , 34823 9081 7 that that IN 34823 9081 8 the the DT 34823 9081 9 fourth fourth JJ 34823 9081 10 case case NN 34823 9081 11 is be VBZ 34823 9081 12 important important JJ 34823 9081 13 . . . 34823 9082 1 To to IN 34823 9082 2 the the DT 34823 9082 3 extent extent NN 34823 9082 4 that that IN 34823 9082 5 this this DT 34823 9082 6 is be VBZ 34823 9082 7 true true JJ 34823 9082 8 , , , 34823 9082 9 our -PRON- PRP$ 34823 9082 10 conclusion conclusion NN 34823 9082 11 that that IN 34823 9082 12 out out IN 34823 9082 13 of of IN 34823 9082 14 town town NN 34823 9082 15 collection collection NN 34823 9082 16 items item NNS 34823 9082 17 do do VBP 34823 9082 18 not not RB 34823 9082 19 affect affect VB 34823 9082 20 New New NNP 34823 9082 21 York York NNP 34823 9082 22 clearings clearing NNS 34823 9082 23 must must MD 34823 9082 24 be be VB 34823 9082 25 modified modify VBN 34823 9082 26 , , , 34823 9082 27 and and CC 34823 9082 28 it -PRON- PRP 34823 9082 29 becomes become VBZ 34823 9082 30 a a DT 34823 9082 31 matter matter NN 34823 9082 32 of of IN 34823 9082 33 importance importance NN 34823 9082 34 whether whether IN 34823 9082 35 these these DT 34823 9082 36 items item NNS 34823 9082 37 are be VBP 34823 9082 38 large large JJ 34823 9082 39 or or CC 34823 9082 40 small small JJ 34823 9082 41 . . . 34823 9083 1 My -PRON- PRP$ 34823 9083 2 information information NN 34823 9083 3 , , , 34823 9083 4 as as IN 34823 9083 5 stated state VBN 34823 9083 6 above above RB 34823 9083 7 , , , 34823 9083 8 is be VBZ 34823 9083 9 that that IN 34823 9083 10 Chicago Chicago NNP 34823 9083 11 exceeds exceed VBZ 34823 9083 12 New New NNP 34823 9083 13 York York NNP 34823 9083 14 City City NNP 34823 9083 15 in in IN 34823 9083 16 this this DT 34823 9083 17 . . . 34823 9084 1 If if IN 34823 9084 2 , , , 34823 9084 3 however however RB 34823 9084 4 , , , 34823 9084 5 the the DT 34823 9084 6 Kansas Kansas NNP 34823 9084 7 City City NNP 34823 9084 8 and and CC 34823 9084 9 Boston Boston NNP 34823 9084 10 arrangements arrangement NNS 34823 9084 11 held hold VBN 34823 9084 12 in in IN 34823 9084 13 New New NNP 34823 9084 14 York York NNP 34823 9084 15 , , , 34823 9084 16 these these DT 34823 9084 17 collection collection NN 34823 9084 18 items item NNS 34823 9084 19 would would MD 34823 9084 20 be be VB 34823 9084 21 represented represent VBN 34823 9084 22 _ _ NNP 34823 9084 23 twice twice RB 34823 9084 24 _ _ NNP 34823 9084 25 in in IN 34823 9084 26 New New NNP 34823 9084 27 York York NNP 34823 9084 28 clearings clearing NNS 34823 9084 29 . . . 34823 9085 1 The the DT 34823 9085 2 fact fact NN 34823 9085 3 that that IN 34823 9085 4 the the DT 34823 9085 5 items item NNS 34823 9085 6 do do VBP 34823 9085 7 not not RB 34823 9085 8 themselves -PRON- PRP 34823 9085 9 get get VB 34823 9085 10 into into IN 34823 9085 11 the the DT 34823 9085 12 clearings clearing NNS 34823 9085 13 remains remain VBZ 34823 9085 14 . . . 34823 9086 1 Direct direct JJ 34823 9086 2 information information NN 34823 9086 3 regarding regard VBG 34823 9086 4 New New NNP 34823 9086 5 York York NNP 34823 9086 6 clearings clearing NNS 34823 9086 7 is be VBZ 34823 9086 8 very very RB 34823 9086 9 desirable desirable JJ 34823 9086 10 . . . 34823 9087 1 Our -PRON- PRP$ 34823 9087 2 indirect indirect JJ 34823 9087 3 approach approach NN 34823 9087 4 must must MD 34823 9087 5 be be VB 34823 9087 6 considered consider VBN 34823 9087 7 inconclusive inconclusive JJ 34823 9087 8 until until IN 34823 9087 9 more more RBR 34823 9087 10 detailed detailed JJ 34823 9087 11 figures figure NNS 34823 9087 12 for for IN 34823 9087 13 New New NNP 34823 9087 14 York York NNP 34823 9087 15 City City NNP 34823 9087 16 are be VBP 34823 9087 17 at at IN 34823 9087 18 hand hand NN 34823 9087 19 . . . 34823 9088 1 We -PRON- PRP 34823 9088 2 need need VBP 34823 9088 3 figures figure NNS 34823 9088 4 covering cover VBG 34823 9088 5 all all DT 34823 9088 6 types type NNS 34823 9088 7 of of IN 34823 9088 8 banks bank NNS 34823 9088 9 in in IN 34823 9088 10 New New NNP 34823 9088 11 York York NNP 34823 9088 12 , , , 34823 9088 13 for for IN 34823 9088 14 a a DT 34823 9088 15 period period NN 34823 9088 16 of of IN 34823 9088 17 , , , 34823 9088 18 say say UH 34823 9088 19 , , , 34823 9088 20 a a DT 34823 9088 21 year year NN 34823 9088 22 ( ( -LRB- 34823 9088 23 to to TO 34823 9088 24 allow allow VB 34823 9088 25 for for IN 34823 9088 26 seasonal seasonal JJ 34823 9088 27 changes change NNS 34823 9088 28 ) ) -RRB- 34823 9088 29 , , , 34823 9088 30 in in IN 34823 9088 31 which which WDT 34823 9088 32 deposits deposit NNS 34823 9088 33 made make VBN 34823 9088 34 by by IN 34823 9088 35 one one CD 34823 9088 36 bank bank NN 34823 9088 37 in in IN 34823 9088 38 another another DT 34823 9088 39 are be VBP 34823 9088 40 separated separate VBN 34823 9088 41 from from IN 34823 9088 42 other other JJ 34823 9088 43 deposits deposit NNS 34823 9088 44 . . . 34823 9089 1 National national JJ 34823 9089 2 banks bank NNS 34823 9089 3 alone alone RB 34823 9089 4 would would MD 34823 9089 5 exaggerate exaggerate VB 34823 9089 6 the the DT 34823 9089 7 item item NN 34823 9089 8 of of IN 34823 9089 9 deposits deposit NNS 34823 9089 10 by by IN 34823 9089 11 one one CD 34823 9089 12 bank bank NN 34823 9089 13 in in IN 34823 9089 14 another another DT 34823 9089 15 , , , 34823 9089 16 especially especially RB 34823 9089 17 as as IN 34823 9089 18 they -PRON- PRP 34823 9089 19 are be VBP 34823 9089 20 the the DT 34823 9089 21 depositories depository NNS 34823 9089 22 of of IN 34823 9089 23 the the DT 34823 9089 24 great great JJ 34823 9089 25 private private JJ 34823 9089 26 banks bank NNS 34823 9089 27 . . . 34823 9090 1 [ [ -LRB- 34823 9090 2 407 407 CD 34823 9090 3 ] ] -RRB- 34823 9090 4 Or or CC 34823 9090 5 , , , 34823 9090 6 in in IN 34823 9090 7 some some DT 34823 9090 8 cases case NNS 34823 9090 9 , , , 34823 9090 10 taking take VBG 34823 9090 11 the the DT 34823 9090 12 place place NN 34823 9090 13 of of IN 34823 9090 14 cash cash NN 34823 9090 15 dealings dealing NNS 34823 9090 16 between between IN 34823 9090 17 banks bank NNS 34823 9090 18 and and CC 34823 9090 19 a a DT 34823 9090 20 local local JJ 34823 9090 21 clearing clearing NN 34823 9090 22 house house NN 34823 9090 23 . . . 34823 9091 1 On on IN 34823 9091 2 the the DT 34823 9091 3 face face NN 34823 9091 4 of of IN 34823 9091 5 it -PRON- PRP 34823 9091 6 , , , 34823 9091 7 it -PRON- PRP 34823 9091 8 is be VBZ 34823 9091 9 incredible incredible JJ 34823 9091 10 that that IN 34823 9091 11 _ _ NNP 34823 9091 12 balances balance NNS 34823 9091 13 _ _ NNP 34823 9091 14 between between IN 34823 9091 15 cities city NNS 34823 9091 16 , , , 34823 9091 17 or or CC 34823 9091 18 _ _ NNP 34823 9091 19 within within IN 34823 9091 20 _ _ NNP 34823 9091 21 cities city NNS 34823 9091 22 , , , 34823 9091 23 after after IN 34823 9091 24 the the DT 34823 9091 25 country country NN 34823 9091 26 clearing clearing NN 34823 9091 27 houses house NNS 34823 9091 28 have have VBP 34823 9091 29 done do VBN 34823 9091 30 their -PRON- PRP$ 34823 9091 31 work work NN 34823 9091 32 , , , 34823 9091 33 should should MD 34823 9091 34 be be VB 34823 9091 35 so so RB 34823 9091 36 great great JJ 34823 9091 37 as as IN 34823 9091 38 to to TO 34823 9091 39 account account VB 34823 9091 40 for for IN 34823 9091 41 a a DT 34823 9091 42 very very RB 34823 9091 43 great great JJ 34823 9091 44 part part NN 34823 9091 45 of of IN 34823 9091 46 New New NNP 34823 9091 47 York York NNP 34823 9091 48 clearings clearing NNS 34823 9091 49 . . . 34823 9092 1 These these DT 34823 9092 2 balances balance NNS 34823 9092 3 between between IN 34823 9092 4 cities city NNS 34823 9092 5 other other JJ 34823 9092 6 than than IN 34823 9092 7 New New NNP 34823 9092 8 York York NNP 34823 9092 9 , , , 34823 9092 10 and and CC 34823 9092 11 balances balance NNS 34823 9092 12 within within IN 34823 9092 13 country country NN 34823 9092 14 clearing clearing NN 34823 9092 15 houses house NNS 34823 9092 16 , , , 34823 9092 17 must must MD 34823 9092 18 be be VB 34823 9092 19 a a DT 34823 9092 20 minor minor JJ 34823 9092 21 fraction fraction NN 34823 9092 22 of of IN 34823 9092 23 _ _ NNP 34823 9092 24 country country NN 34823 9092 25 _ _ NNP 34823 9092 26 clearings clearing NNS 34823 9092 27 , , , 34823 9092 28 and and CC 34823 9092 29 country country NN 34823 9092 30 clearings clearing NNS 34823 9092 31 are be VBP 34823 9092 32 little little RB 34823 9092 33 more more JJR 34823 9092 34 than than IN 34823 9092 35 half half NN 34823 9092 36 of of IN 34823 9092 37 New New NNP 34823 9092 38 York York NNP 34823 9092 39 clearings clearing NNS 34823 9092 40 . . . 34823 9093 1 Ordinary ordinary JJ 34823 9093 2 commerce commerce NN 34823 9093 3 , , , 34823 9093 4 as as IN 34823 9093 5 shown show VBN 34823 9093 6 in in IN 34823 9093 7 chapter chapter NN 34823 9093 8 XIII XIII NNP 34823 9093 9 , , , 34823 9093 10 can can MD 34823 9093 11 not not RB 34823 9093 12 give give VB 34823 9093 13 rise rise NN 34823 9093 14 to to IN 34823 9093 15 great great JJ 34823 9093 16 sums sum NNS 34823 9093 17 in in IN 34823 9093 18 the the DT 34823 9093 19 aggregate aggregate NN 34823 9093 20 , , , 34823 9093 21 to to TO 34823 9093 22 say say VB 34823 9093 23 nothing nothing NN 34823 9093 24 of of IN 34823 9093 25 giving give VBG 34823 9093 26 rise rise NN 34823 9093 27 to to IN 34823 9093 28 great great JJ 34823 9093 29 _ _ NNP 34823 9093 30 balances balance NNS 34823 9093 31 _ _ NNP 34823 9093 32 . . . 34823 9094 1 [ [ -LRB- 34823 9094 2 408 408 CD 34823 9094 3 ] ] -RRB- 34823 9094 4 The the DT 34823 9094 5 whole whole JJ 34823 9094 6 thing thing NN 34823 9094 7 is be VBZ 34823 9094 8 summed sum VBN 34823 9094 9 up up RP 34823 9094 10 on on IN 34823 9094 11 p. p. NN 34823 9094 12 25 25 CD 34823 9094 13 of of IN 34823 9094 14 the the DT 34823 9094 15 Comptroller Comptroller NNP 34823 9094 16 's 's POS 34823 9094 17 _ _ NNP 34823 9094 18 Report Report NNP 34823 9094 19 _ _ NNP 34823 9094 20 for for IN 34823 9094 21 1892 1892 CD 34823 9094 22 . . . 34823 9095 1 [ [ -LRB- 34823 9095 2 409 409 CD 34823 9095 3 ] ] -RRB- 34823 9095 4 _ _ NNP 34823 9095 5 Cf Cf NNP 34823 9095 6 . . . 34823 9095 7 _ _ NNP 34823 9095 8 Kemmerer Kemmerer NNP 34823 9095 9 , , , 34823 9095 10 _ _ NNP 34823 9095 11 Money Money NNP 34823 9095 12 and and CC 34823 9095 13 Credit Credit NNP 34823 9095 14 Instruments Instruments NNPS 34823 9095 15 _ _ NNP 34823 9095 16 , , , 34823 9095 17 p. p. NN 34823 9095 18 117 117 CD 34823 9095 19 . . . 34823 9096 1 [ [ -LRB- 34823 9096 2 410 410 CD 34823 9096 3 ] ] -RRB- 34823 9096 4 _ _ NNP 34823 9096 5 Annalist Annalist NNP 34823 9096 6 _ _ NNP 34823 9096 7 , , , 34823 9096 8 July July NNP 34823 9096 9 6 6 CD 34823 9096 10 , , , 34823 9096 11 1914 1914 CD 34823 9096 12 , , , 34823 9096 13 p. p. NN 34823 9096 14 8 8 CD 34823 9096 15 . . . 34823 9097 1 The the DT 34823 9097 2 editor editor NN 34823 9097 3 of of IN 34823 9097 4 the the DT 34823 9097 5 _ _ NNP 34823 9097 6 Annalist Annalist NNP 34823 9097 7 _ _ NNP 34823 9097 8 gives give VBZ 34823 9097 9 me -PRON- PRP 34823 9097 10 the the DT 34823 9097 11 following follow VBG 34823 9097 12 information information NN 34823 9097 13 : : : 34823 9097 14 data datum NNS 34823 9097 15 for for IN 34823 9097 16 twenty twenty CD 34823 9097 17 banks bank NNS 34823 9097 18 , , , 34823 9097 19 six six CD 34823 9097 20 in in IN 34823 9097 21 New New NNP 34823 9097 22 York York NNP 34823 9097 23 and and CC 34823 9097 24 fourteen fourteen CD 34823 9097 25 in in IN 34823 9097 26 Chicago Chicago NNP 34823 9097 27 , , , 34823 9097 28 Philadelphia Philadelphia NNP 34823 9097 29 , , , 34823 9097 30 Boston Boston NNP 34823 9097 31 , , , 34823 9097 32 and and CC 34823 9097 33 St. St. NNP 34823 9097 34 Louis Louis NNP 34823 9097 35 , , , 34823 9097 36 for for IN 34823 9097 37 the the DT 34823 9097 38 week week NN 34823 9097 39 , , , 34823 9097 40 Aug. August NNP 34823 9097 41 28-Sept 28-sept CD 34823 9097 42 . . . 34823 9097 43 2 2 CD 34823 9097 44 , , , 34823 9097 45 1916 1916 CD 34823 9097 46 , , , 34823 9097 47 show show VBP 34823 9097 48 that that IN 34823 9097 49 clearings clearing NNS 34823 9097 50 are be VBP 34823 9097 51 71 71 CD 34823 9097 52 % % NN 34823 9097 53 of of IN 34823 9097 54 " " `` 34823 9097 55 total total JJ 34823 9097 56 transactions transaction NNS 34823 9097 57 " " '' 34823 9097 58 in in IN 34823 9097 59 New New NNP 34823 9097 60 York York NNP 34823 9097 61 , , , 34823 9097 62 and and CC 34823 9097 63 about about RB 34823 9097 64 40 40 CD 34823 9097 65 % % NN 34823 9097 66 in in IN 34823 9097 67 the the DT 34823 9097 68 other other JJ 34823 9097 69 cities city NNS 34823 9097 70 . . . 34823 9098 1 These these DT 34823 9098 2 figures figure NNS 34823 9098 3 are be VBP 34823 9098 4 all all RB 34823 9098 5 for for IN 34823 9098 6 national national JJ 34823 9098 7 banks bank NNS 34823 9098 8 , , , 34823 9098 9 except except IN 34823 9098 10 for for IN 34823 9098 11 one one CD 34823 9098 12 bank bank NN 34823 9098 13 in in IN 34823 9098 14 St. St. NNP 34823 9098 15 Louis Louis NNP 34823 9098 16 . . . 34823 9099 1 [ [ -LRB- 34823 9099 2 411 411 CD 34823 9099 3 ] ] -RRB- 34823 9099 4 There there EX 34823 9099 5 is be VBZ 34823 9099 6 one one CD 34823 9099 7 further further JJ 34823 9099 8 generalization generalization NN 34823 9099 9 developed develop VBN 34823 9099 10 in in IN 34823 9099 11 connection connection NN 34823 9099 12 with with IN 34823 9099 13 Mr. Mr. NNP 34823 9099 14 Wolfe Wolfe NNP 34823 9099 15 's 's POS 34823 9099 16 investigation investigation NN 34823 9099 17 of of IN 34823 9099 18 the the DT 34823 9099 19 ratio ratio NN 34823 9099 20 of of IN 34823 9099 21 clearings clearing NNS 34823 9099 22 to to TO 34823 9099 23 " " `` 34823 9099 24 total total JJ 34823 9099 25 transactions transaction NNS 34823 9099 26 " " '' 34823 9099 27 which which WDT 34823 9099 28 seems seem VBZ 34823 9099 29 to to TO 34823 9099 30 have have VB 34823 9099 31 relevance relevance NN 34823 9099 32 here here RB 34823 9099 33 , , , 34823 9099 34 though though IN 34823 9099 35 I -PRON- PRP 34823 9099 36 am be VBP 34823 9099 37 not not RB 34823 9099 38 sure sure JJ 34823 9099 39 how how WRB 34823 9099 40 it -PRON- PRP 34823 9099 41 should should MD 34823 9099 42 be be VB 34823 9099 43 interpreted interpret VBN 34823 9099 44 . . . 34823 9100 1 The the DT 34823 9100 2 average average JJ 34823 9100 3 ratio ratio NN 34823 9100 4 , , , 34823 9100 5 as as IN 34823 9100 6 stated state VBN 34823 9100 7 , , , 34823 9100 8 is be VBZ 34823 9100 9 about about RB 34823 9100 10 40 40 CD 34823 9100 11 % % NN 34823 9100 12 . . . 34823 9101 1 This this DT 34823 9101 2 varies vary VBZ 34823 9101 3 , , , 34823 9101 4 however however RB 34823 9101 5 , , , 34823 9101 6 for for IN 34823 9101 7 different different JJ 34823 9101 8 cities city NNS 34823 9101 9 . . . 34823 9102 1 " " `` 34823 9102 2 The the DT 34823 9102 3 rule rule NN 34823 9102 4 seems seem VBZ 34823 9102 5 to to TO 34823 9102 6 be be VB 34823 9102 7 that that IN 34823 9102 8 the the DT 34823 9102 9 larger large JJR 34823 9102 10 the the DT 34823 9102 11 proportion proportion NN 34823 9102 12 of of IN 34823 9102 13 bank bank NN 34823 9102 14 deposits deposit NNS 34823 9102 15 to to IN 34823 9102 16 individual individual JJ 34823 9102 17 deposits deposit NNS 34823 9102 18 , , , 34823 9102 19 the the DT 34823 9102 20 smaller small JJR 34823 9102 21 will will MD 34823 9102 22 be be VB 34823 9102 23 the the DT 34823 9102 24 figure figure NN 34823 9102 25 representing represent VBG 34823 9102 26 this this DT 34823 9102 27 ratio ratio NN 34823 9102 28 . . . 34823 9103 1 In in IN 34823 9103 2 Cincinnati Cincinnati NNP 34823 9103 3 , , , 34823 9103 4 for for IN 34823 9103 5 example example NN 34823 9103 6 , , , 34823 9103 7 it -PRON- PRP 34823 9103 8 is be VBZ 34823 9103 9 31.4 31.4 CD 34823 9103 10 % % NN 34823 9103 11 while while NN 34823 9103 12 in in IN 34823 9103 13 Los Los NNP 34823 9103 14 Angeles Angeles NNP 34823 9103 15 it -PRON- PRP 34823 9103 16 is be VBZ 34823 9103 17 59.7 59.7 CD 34823 9103 18 % % NN 34823 9103 19 . . . 34823 9103 20 " " '' 34823 9104 1 ( ( -LRB- 34823 9104 2 _ _ NNP 34823 9104 3 Jour Jour NNP 34823 9104 4 . . . 34823 9105 1 of of IN 34823 9105 2 American American NNP 34823 9105 3 Bankers Bankers NNPS 34823 9105 4 ' ' POS 34823 9105 5 Ass'n Ass'n NFP 34823 9105 6 _ _ NNP 34823 9105 7 , , , 34823 9105 8 Jan. January NNP 34823 9105 9 1914 1914 CD 34823 9105 10 , , , 34823 9105 11 p. p. NN 34823 9106 1 487 487 CD 34823 9106 2 . . . 34823 9106 3 ) ) -RRB- 34823 9107 1 How how WRB 34823 9107 2 safely safely RB 34823 9107 3 based base VBD 34823 9107 4 this this DT 34823 9107 5 generalization generalization NN 34823 9107 6 is be VBZ 34823 9107 7 can can MD 34823 9107 8 not not RB 34823 9107 9 be be VB 34823 9107 10 told tell VBN 34823 9107 11 from from IN 34823 9107 12 the the DT 34823 9107 13 context context NN 34823 9107 14 , , , 34823 9107 15 as as IN 34823 9107 16 no no DT 34823 9107 17 further further JJ 34823 9107 18 facts fact NNS 34823 9107 19 are be VBP 34823 9107 20 offered offer VBN 34823 9107 21 . . . 34823 9108 1 Nor nor CC 34823 9108 2 is be VBZ 34823 9108 3 its -PRON- PRP$ 34823 9108 4 bearing bearing NN 34823 9108 5 on on IN 34823 9108 6 the the DT 34823 9108 7 question question NN 34823 9108 8 at at IN 34823 9108 9 issue issue NN 34823 9108 10 , , , 34823 9108 11 as as IN 34823 9108 12 to to IN 34823 9108 13 whether whether IN 34823 9108 14 or or CC 34823 9108 15 not not RB 34823 9108 16 New New NNP 34823 9108 17 York York NNP 34823 9108 18 clearings clearing NNS 34823 9108 19 bear bear VBP 34823 9108 20 a a DT 34823 9108 21 higher high JJR 34823 9108 22 ratio ratio NN 34823 9108 23 to to IN 34823 9108 24 New New NNP 34823 9108 25 York York NNP 34823 9108 26 deposits deposit NNS 34823 9108 27 than than IN 34823 9108 28 country country NN 34823 9108 29 clearings clearing NNS 34823 9108 30 do do VBP 34823 9108 31 to to IN 34823 9108 32 country country NN 34823 9108 33 deposits deposit NNS 34823 9108 34 , , , 34823 9108 35 entirely entirely RB 34823 9108 36 clear clear JJ 34823 9108 37 . . . 34823 9109 1 It -PRON- PRP 34823 9109 2 would would MD 34823 9109 3 seem seem VB 34823 9109 4 to to TO 34823 9109 5 indicate indicate VB 34823 9109 6 that that IN 34823 9109 7 deposits deposit NNS 34823 9109 8 made make VBN 34823 9109 9 by by IN 34823 9109 10 outside outside JJ 34823 9109 11 bankers banker NNS 34823 9109 12 in in IN 34823 9109 13 the the DT 34823 9109 14 banks bank NNS 34823 9109 15 of of IN 34823 9109 16 reserve reserve NN 34823 9109 17 cities city NNS 34823 9109 18 make make VBP 34823 9109 19 smaller small JJR 34823 9109 20 contributions contribution NNS 34823 9109 21 to to IN 34823 9109 22 clearings clearing NNS 34823 9109 23 than than IN 34823 9109 24 individual individual JJ 34823 9109 25 deposits deposit NNS 34823 9109 26 do do VBP 34823 9109 27 , , , 34823 9109 28 and and CC 34823 9109 29 this this DT 34823 9109 30 would would MD 34823 9109 31 fit fit VB 34823 9109 32 in in RP 34823 9109 33 with with IN 34823 9109 34 the the DT 34823 9109 35 fact fact NN 34823 9109 36 that that IN 34823 9109 37 checks check NNS 34823 9109 38 on on IN 34823 9109 39 outside outside JJ 34823 9109 40 banks bank NNS 34823 9109 41 , , , 34823 9109 42 deposited deposit VBN 34823 9109 43 for for IN 34823 9109 44 collection collection NN 34823 9109 45 by by IN 34823 9109 46 one one CD 34823 9109 47 bank bank NN 34823 9109 48 in in IN 34823 9109 49 another another DT 34823 9109 50 , , , 34823 9109 51 do do VB 34823 9109 52 not not RB 34823 9109 53 get get VB 34823 9109 54 into into IN 34823 9109 55 clearings clearing NNS 34823 9109 56 . . . 34823 9110 1 What what WDT 34823 9110 2 further further JJ 34823 9110 3 explanation explanation NN 34823 9110 4 or or CC 34823 9110 5 significance significance NN 34823 9110 6 it -PRON- PRP 34823 9110 7 has have VBZ 34823 9110 8 I -PRON- PRP 34823 9110 9 leave leave VB 34823 9110 10 to to IN 34823 9110 11 the the DT 34823 9110 12 reader reader NN 34823 9110 13 . . . 34823 9111 1 It -PRON- PRP 34823 9111 2 is be VBZ 34823 9111 3 possible possible JJ 34823 9111 4 that that IN 34823 9111 5 there there EX 34823 9111 6 are be VBP 34823 9111 7 a a DT 34823 9111 8 number number NN 34823 9111 9 of of IN 34823 9111 10 important important JJ 34823 9111 11 relevant relevant JJ 34823 9111 12 facts fact NNS 34823 9111 13 missing miss VBG 34823 9111 14 regarding regard VBG 34823 9111 15 New New NNP 34823 9111 16 York York NNP 34823 9111 17 clearings clearing NNS 34823 9111 18 , , , 34823 9111 19 and and CC 34823 9111 20 that that IN 34823 9111 21 the the DT 34823 9111 22 conclusions conclusion NNS 34823 9111 23 here here RB 34823 9111 24 reached reach VBN 34823 9111 25 may may MD 34823 9111 26 require require VB 34823 9111 27 later later JJ 34823 9111 28 revision revision NN 34823 9111 29 . . . 34823 9112 1 [ [ -LRB- 34823 9112 2 412 412 CD 34823 9112 3 ] ] -RRB- 34823 9112 4 _ _ NNP 34823 9112 5 Loc Loc NNP 34823 9112 6 . . . 34823 9113 1 cit cit NNP 34823 9113 2 . . . 34823 9113 3 _ _ NNP 34823 9113 4 , , , 34823 9113 5 p. p. NN 34823 9113 6 304 304 CD 34823 9113 7 . . . 34823 9114 1 [ [ -LRB- 34823 9114 2 413 413 CD 34823 9114 3 ] ] -RRB- 34823 9114 4 But but CC 34823 9114 5 not not RB 34823 9114 6 as as IN 34823 9114 7 a a DT 34823 9114 8 correct correct JJ 34823 9114 9 estimate estimate NN 34823 9114 10 of of IN 34823 9114 11 M´V M´V NNP 34823 9114 12 ´ ´ NNP 34823 9114 13 for for IN 34823 9114 14 the the DT 34823 9114 15 equation equation NN 34823 9114 16 of of IN 34823 9114 17 exchange exchange NN 34823 9114 18 ! ! . 34823 9115 1 We -PRON- PRP 34823 9115 2 do do VBP 34823 9115 3 not not RB 34823 9115 4 know know VB 34823 9115 5 what what WP 34823 9115 6 part part NN 34823 9115 7 of of IN 34823 9115 8 these these DT 34823 9115 9 checks check NNS 34823 9115 10 were be VBD 34823 9115 11 used use VBN 34823 9115 12 in in IN 34823 9115 13 " " `` 34823 9115 14 trade trade NN 34823 9115 15 . . . 34823 9115 16 " " '' 34823 9116 1 _ _ NNP 34823 9116 2 Cf Cf NNP 34823 9116 3 . . . 34823 9116 4 _ _ NNP 34823 9116 5 our -PRON- PRP$ 34823 9116 6 discussion discussion NN 34823 9116 7 of of IN 34823 9116 8 the the DT 34823 9116 9 estimate estimate NN 34823 9116 10 of of IN 34823 9116 11 T T NNP 34823 9116 12 , , , 34823 9116 13 _ _ NNP 34823 9116 14 infra infra NNP 34823 9116 15 _ _ NNP 34823 9116 16 . . . 34823 9117 1 [ [ -LRB- 34823 9117 2 414 414 CD 34823 9117 3 ] ] -RRB- 34823 9117 4 Kemmerer Kemmerer NNP 34823 9117 5 does do VBZ 34823 9117 6 not not RB 34823 9117 7 do do VB 34823 9117 8 this this DT 34823 9117 9 , , , 34823 9117 10 but but CC 34823 9117 11 takes take VBZ 34823 9117 12 total total JJ 34823 9117 13 clearings clearing NNS 34823 9117 14 for for IN 34823 9117 15 the the DT 34823 9117 16 country country NN 34823 9117 17 as as IN 34823 9117 18 his -PRON- PRP$ 34823 9117 19 index index NN 34823 9117 20 of of IN 34823 9117 21 variation variation NN 34823 9117 22 . . . 34823 9118 1 _ _ NNP 34823 9118 2 Loc Loc NNP 34823 9118 3 . . . 34823 9119 1 cit cit NNP 34823 9119 2 . . . 34823 9119 3 _ _ NNP 34823 9119 4 , , , 34823 9119 5 118 118 CD 34823 9119 6 - - SYM 34823 9119 7 120 120 CD 34823 9119 8 . . . 34823 9120 1 His -PRON- PRP$ 34823 9120 2 figures figure NNS 34823 9120 3 for for IN 34823 9120 4 " " `` 34823 9120 5 check check NN 34823 9120 6 circulation circulation NN 34823 9120 7 " " '' 34823 9120 8 are be VBP 34823 9120 9 , , , 34823 9120 10 thus thus RB 34823 9120 11 , , , 34823 9120 12 more more RBR 34823 9120 13 variable variable JJ 34823 9120 14 than than IN 34823 9120 15 Fisher Fisher NNP 34823 9120 16 's 's POS 34823 9120 17 . . . 34823 9121 1 In in IN 34823 9121 2 this this DT 34823 9121 3 , , , 34823 9121 4 Kemmerer Kemmerer NNP 34823 9121 5 's 's POS 34823 9121 6 results result NNS 34823 9121 7 are be VBP 34823 9121 8 much much JJ 34823 9121 9 to to TO 34823 9121 10 be be VB 34823 9121 11 preferred prefer VBN 34823 9121 12 . . . 34823 9122 1 [ [ -LRB- 34823 9122 2 415 415 CD 34823 9122 3 ] ] -RRB- 34823 9122 4 I -PRON- PRP 34823 9122 5 have have VBP 34823 9122 6 taken take VBN 34823 9122 7 the the DT 34823 9122 8 figures figure NNS 34823 9122 9 for for IN 34823 9122 10 clearings clearing NNS 34823 9122 11 from from IN 34823 9122 12 Professor Professor NNP 34823 9122 13 Fisher Fisher NNP 34823 9122 14 's 's POS 34823 9122 15 table table NN 34823 9122 16 , , , 34823 9122 17 _ _ NNP 34823 9122 18 loc loc NN 34823 9122 19 . . . 34823 9123 1 cit cit NNP 34823 9123 2 . . . 34823 9123 3 _ _ NNP 34823 9123 4 , , , 34823 9123 5 p. p. NN 34823 9123 6 448 448 CD 34823 9123 7 . . . 34823 9124 1 [ [ -LRB- 34823 9124 2 416 416 CD 34823 9124 3 ] ] -RRB- 34823 9124 4 _ _ NNP 34823 9124 5 Loc Loc NNP 34823 9124 6 . . . 34823 9125 1 cit cit NNP 34823 9125 2 . . . 34823 9125 3 _ _ NNP 34823 9125 4 , , , 34823 9125 5 p. p. NN 34823 9125 6 304 304 CD 34823 9125 7 . . . 34823 9126 1 _ _ NNP 34823 9126 2 Cf Cf NNP 34823 9126 3 . . . 34823 9126 4 _ _ NNP 34823 9126 5 our -PRON- PRP$ 34823 9126 6 chapter chapter NN 34823 9126 7 on on IN 34823 9126 8 " " `` 34823 9126 9 Velocity Velocity NNP 34823 9126 10 of of IN 34823 9126 11 Circulation Circulation NNP 34823 9126 12 , , , 34823 9126 13 " " '' 34823 9126 14 _ _ NNP 34823 9126 15 supra supra NNP 34823 9126 16 _ _ NNP 34823 9126 17 . . . 34823 9127 1 [ [ -LRB- 34823 9127 2 417 417 CD 34823 9127 3 ] ] -RRB- 34823 9127 4 _ _ NNP 34823 9127 5 Loc Loc NNP 34823 9127 6 . . . 34823 9128 1 cit cit NNP 34823 9128 2 . . . 34823 9128 3 _ _ NNP 34823 9128 4 , , , 34823 9128 5 pp pp NNP 34823 9128 6 . . . 34823 9129 1 477 477 CD 34823 9129 2 - - SYM 34823 9129 3 478 478 CD 34823 9129 4 . . . 34823 9130 1 [ [ -LRB- 34823 9130 2 418 418 CD 34823 9130 3 ] ] -RRB- 34823 9130 4 There there EX 34823 9130 5 is be VBZ 34823 9130 6 , , , 34823 9130 7 of of IN 34823 9130 8 course course NN 34823 9130 9 , , , 34823 9130 10 the the DT 34823 9130 11 further further JJ 34823 9130 12 point point NN 34823 9130 13 , , , 34823 9130 14 to to TO 34823 9130 15 be be VB 34823 9130 16 emphasized emphasize VBN 34823 9130 17 in in IN 34823 9130 18 the the DT 34823 9130 19 discussion discussion NN 34823 9130 20 of of IN 34823 9130 21 T T NNP 34823 9130 22 , , , 34823 9130 23 _ _ NNP 34823 9130 24 infra infra NNP 34823 9130 25 _ _ NNP 34823 9130 26 , , , 34823 9130 27 that that IN 34823 9130 28 MV MV NNP 34823 9130 29 ( ( -LRB- 34823 9130 30 and and CC 34823 9130 31 hence hence RB 34823 9130 32 V v NN 34823 9130 33 ) ) -RRB- 34823 9130 34 , , , 34823 9130 35 assuming assume VBG 34823 9130 36 the the DT 34823 9130 37 calculation calculation NN 34823 9130 38 otherwise otherwise RB 34823 9130 39 correct correct JJ 34823 9130 40 , , , 34823 9130 41 is be VBZ 34823 9130 42 too too RB 34823 9130 43 large large JJ 34823 9130 44 , , , 34823 9130 45 to to IN 34823 9130 46 the the DT 34823 9130 47 extent extent NN 34823 9130 48 that that IN 34823 9130 49 it -PRON- PRP 34823 9130 50 includes include VBZ 34823 9130 51 tax tax NN 34823 9130 52 payments payment NNS 34823 9130 53 , , , 34823 9130 54 loans loan NNS 34823 9130 55 and and CC 34823 9130 56 repayments repayment NNS 34823 9130 57 , , , 34823 9130 58 dealings dealing NNS 34823 9130 59 between between IN 34823 9130 60 agent agent NN 34823 9130 61 and and CC 34823 9130 62 principal principal NN 34823 9130 63 , , , 34823 9130 64 etc etc FW 34823 9130 65 . . . 34823 9131 1 But but CC 34823 9131 2 this this DT 34823 9131 3 criticism criticism NN 34823 9131 4 does do VBZ 34823 9131 5 not not RB 34823 9131 6 so so RB 34823 9131 7 clearly clearly RB 34823 9131 8 apply apply VB 34823 9131 9 to to IN 34823 9131 10 MV MV NNP 34823 9131 11 as as IN 34823 9131 12 it -PRON- PRP 34823 9131 13 does do VBZ 34823 9131 14 to to TO 34823 9131 15 M´V m´v VB 34823 9131 16 ´ ´ CD 34823 9131 17 . . . 34823 9132 1 [ [ -LRB- 34823 9132 2 419 419 CD 34823 9132 3 ] ] -RRB- 34823 9132 4 _ _ NNP 34823 9132 5 Business Business NNP 34823 9132 6 Cycles Cycles NNPS 34823 9132 7 _ _ NNP 34823 9132 8 , , , 34823 9132 9 p. p. NN 34823 9132 10 308 308 CD 34823 9132 11 . . . 34823 9133 1 [ [ -LRB- 34823 9133 2 420 420 CD 34823 9133 3 ] ] -RRB- 34823 9133 4 That that DT 34823 9133 5 volume volume NN 34823 9133 6 of of IN 34823 9133 7 trade trade NN 34823 9133 8 and and CC 34823 9133 9 volume volume NN 34823 9133 10 of of IN 34823 9133 11 physical physical JJ 34823 9133 12 goods good NNS 34823 9133 13 are be VBP 34823 9133 14 virtually virtually RB 34823 9133 15 interchangeable interchangeable JJ 34823 9133 16 in in IN 34823 9133 17 Fisher Fisher NNP 34823 9133 18 's 's POS 34823 9133 19 thought thought NN 34823 9133 20 is be VBZ 34823 9133 21 strikingly strikingly RB 34823 9133 22 illustrated illustrate VBN 34823 9133 23 on on IN 34823 9133 24 p. p. NN 34823 9133 25 195 195 CD 34823 9133 26 of of IN 34823 9133 27 the the DT 34823 9133 28 _ _ NNP 34823 9133 29 Purchasing Purchasing NNP 34823 9133 30 Power Power NNP 34823 9133 31 of of IN 34823 9133 32 Money Money NNP 34823 9133 33 _ _ NNP 34823 9133 34 : : : 34823 9133 35 " " `` 34823 9133 36 A a DT 34823 9133 37 doubling doubling NN 34823 9133 38 in in IN 34823 9133 39 the the DT 34823 9133 40 quantities quantity NNS 34823 9133 41 of of IN 34823 9133 42 all all DT 34823 9133 43 commodities commodity NNS 34823 9133 44 _ _ NNP 34823 9133 45 sold sell VBD 34823 9133 46 _ _ NNP 34823 9133 47 , , , 34823 9133 48 or or CC 34823 9133 49 ( ( -LRB- 34823 9133 50 _ _ NNP 34823 9133 51 what what WP 34823 9133 52 is be VBZ 34823 9133 53 almost almost RB 34823 9133 54 the the DT 34823 9133 55 same same JJ 34823 9133 56 thing thing NN 34823 9133 57 _ _ NNP 34823 9133 58 ) ) -RRB- 34823 9133 59 a a DT 34823 9133 60 doubling doubling NN 34823 9133 61 of of IN 34823 9133 62 the the DT 34823 9133 63 quantities quantity NNS 34823 9133 64 _ _ NNP 34823 9133 65 consumed consume VBD 34823 9133 66 _ _ NNP 34823 9133 67 . . . 34823 9133 68 " " '' 34823 9134 1 Italics italic NNS 34823 9134 2 are be VBP 34823 9134 3 mine -PRON- PRP 34823 9134 4 . . . 34823 9135 1 [ [ -LRB- 34823 9135 2 421 421 CD 34823 9135 3 ] ] -RRB- 34823 9135 4 This this DT 34823 9135 5 is be VBZ 34823 9135 6 strictly strictly RB 34823 9135 7 true true JJ 34823 9135 8 only only RB 34823 9135 9 of of IN 34823 9135 10 the the DT 34823 9135 11 part part NN 34823 9135 12 of of IN 34823 9135 13 T t NN 34823 9135 14 which which WDT 34823 9135 15 comes come VBZ 34823 9135 16 from from IN 34823 9135 17 the the DT 34823 9135 18 figure figure NN 34823 9135 19 for for IN 34823 9135 20 M´V M´V NNP 34823 9135 21 ´ ´ NNP 34823 9135 22 , , , 34823 9135 23 353 353 CD 34823 9135 24 billions billion NNS 34823 9135 25 . . . 34823 9136 1 In in IN 34823 9136 2 calculating calculate VBG 34823 9136 3 MV MV NNP 34823 9136 4 , , , 34823 9136 5 Professor Professor NNP 34823 9136 6 Fisher Fisher NNP 34823 9136 7 introduces introduce VBZ 34823 9136 8 more more JJR 34823 9136 9 complexities complexity NNS 34823 9136 10 , , , 34823 9136 11 into into IN 34823 9136 12 which which WDT 34823 9136 13 we -PRON- PRP 34823 9136 14 shall shall MD 34823 9136 15 not not RB 34823 9136 16 enter enter VB 34823 9136 17 , , , 34823 9136 18 as as IN 34823 9136 19 the the DT 34823 9136 20 absolute absolute JJ 34823 9136 21 amount amount NN 34823 9136 22 is be VBZ 34823 9136 23 small small JJ 34823 9136 24 -- -- : 34823 9136 25 only only RB 34823 9136 26 34 34 CD 34823 9136 27 billions!--and billions!--and NNP 34823 9136 28 the the DT 34823 9136 29 possible possible JJ 34823 9136 30 error error NN 34823 9136 31 from from IN 34823 9136 32 this this DT 34823 9136 33 source source NN 34823 9136 34 not not RB 34823 9136 35 great great JJ 34823 9136 36 enough enough RB 34823 9136 37 to to TO 34823 9136 38 affect affect VB 34823 9136 39 a a DT 34823 9136 40 calculation calculation NN 34823 9136 41 where where WRB 34823 9136 42 20 20 CD 34823 9136 43 billions billion NNS 34823 9136 44 one one CD 34823 9136 45 way way NN 34823 9136 46 or or CC 34823 9136 47 the the DT 34823 9136 48 other other JJ 34823 9136 49 is be VBZ 34823 9136 50 within within IN 34823 9136 51 the the DT 34823 9136 52 " " `` 34823 9136 53 margin margin NN 34823 9136 54 of of IN 34823 9136 55 error error NN 34823 9136 56 . . . 34823 9136 57 " " '' 34823 9137 1 [ [ -LRB- 34823 9137 2 422 422 CD 34823 9137 3 ] ] -RRB- 34823 9137 4 _ _ NNP 34823 9137 5 Vide Vide NNP 34823 9137 6 _ _ NNP 34823 9137 7 _ _ NNP 34823 9137 8 Annalist Annalist NNP 34823 9137 9 _ _ NNP 34823 9137 10 , , , 34823 9137 11 Feb. February NNP 34823 9137 12 17 17 CD 34823 9137 13 , , , 34823 9137 14 Feb. February NNP 34823 9137 15 21 21 CD 34823 9137 16 , , , 34823 9137 17 March March NNP 34823 9137 18 6 6 CD 34823 9137 19 , , , 34823 9137 20 March March NNP 34823 9137 21 13 13 CD 34823 9137 22 , , , 34823 9137 23 and and CC 34823 9137 24 March March NNP 34823 9137 25 20 20 CD 34823 9137 26 , , , 34823 9137 27 1916 1916 CD 34823 9137 28 , , , 34823 9137 29 for for IN 34823 9137 30 a a DT 34823 9137 31 discussion discussion NN 34823 9137 32 of of IN 34823 9137 33 this this DT 34823 9137 34 point point NN 34823 9137 35 by by IN 34823 9137 36 Professor Professor NNP 34823 9137 37 Fisher Fisher NNP 34823 9137 38 and and CC 34823 9137 39 the the DT 34823 9137 40 present present JJ 34823 9137 41 writer writer NN 34823 9137 42 . . . 34823 9138 1 [ [ -LRB- 34823 9138 2 423 423 CD 34823 9138 3 ] ] -RRB- 34823 9138 4 _ _ NNP 34823 9138 5 Op Op NNP 34823 9138 6 . . . 34823 9139 1 cit cit NNP 34823 9139 2 . . . 34823 9139 3 _ _ NNP 34823 9139 4 , , , 34823 9139 5 pp pp NNP 34823 9139 6 . . . 34823 9140 1 112 112 CD 34823 9140 2 - - SYM 34823 9140 3 113 113 CD 34823 9140 4 . . . 34823 9141 1 It -PRON- PRP 34823 9141 2 is be VBZ 34823 9141 3 interesting interesting JJ 34823 9141 4 to to TO 34823 9141 5 note note VB 34823 9141 6 that that IN 34823 9141 7 Kemmerer Kemmerer NNP 34823 9141 8 's 's POS 34823 9141 9 argument argument NN 34823 9141 10 takes take VBZ 34823 9141 11 the the DT 34823 9141 12 form form NN 34823 9141 13 of of IN 34823 9141 14 proving proving NN 34823 9141 15 , , , 34823 9141 16 not not RB 34823 9141 17 that that DT 34823 9141 18 bank bank NN 34823 9141 19 transactions transaction NNS 34823 9141 20 do do VBP 34823 9141 21 not not RB 34823 9141 22 overcount overcount VB 34823 9141 23 trade trade NN 34823 9141 24 , , , 34823 9141 25 but but CC 34823 9141 26 merely merely RB 34823 9141 27 that that IN 34823 9141 28 they -PRON- PRP 34823 9141 29 do do VBP 34823 9141 30 not not RB 34823 9141 31 _ _ NNP 34823 9141 32 undercount undercount JJ 34823 9141 33 _ _ NNP 34823 9141 34 trade trade NN 34823 9141 35 . . . 34823 9142 1 With with IN 34823 9142 2 this this DT 34823 9142 3 contention contention NN 34823 9142 4 I -PRON- PRP 34823 9142 5 am be VBP 34823 9142 6 in in IN 34823 9142 7 hearty hearty JJ 34823 9142 8 agreement agreement NN 34823 9142 9 ! ! . 34823 9143 1 The the DT 34823 9143 2 overcounting overcounting NN 34823 9143 3 is be VBZ 34823 9143 4 worse bad JJR 34823 9143 5 in in IN 34823 9143 6 Kemmerer Kemmerer NNP 34823 9143 7 's 's POS 34823 9143 8 figures figure NNS 34823 9143 9 for for IN 34823 9143 10 1896 1896 CD 34823 9143 11 than than IN 34823 9143 12 for for IN 34823 9143 13 Fisher Fisher NNP 34823 9143 14 's 's POS 34823 9143 15 in in IN 34823 9143 16 1909 1909 CD 34823 9143 17 , , , 34823 9143 18 since since IN 34823 9143 19 the the DT 34823 9143 20 1896 1896 CD 34823 9143 21 figures figure NNS 34823 9143 22 included include VBD 34823 9143 23 deposits deposit NNS 34823 9143 24 made make VBN 34823 9143 25 by by IN 34823 9143 26 one one CD 34823 9143 27 bank bank NN 34823 9143 28 in in IN 34823 9143 29 another another DT 34823 9143 30 , , , 34823 9143 31 while while IN 34823 9143 32 the the DT 34823 9143 33 1909 1909 CD 34823 9143 34 figures figure NNS 34823 9143 35 do do VBP 34823 9143 36 not not RB 34823 9143 37 . . . 34823 9144 1 _ _ NNP 34823 9144 2 Cf Cf NNP 34823 9144 3 . . . 34823 9144 4 _ _ NNP 34823 9144 5 Kemmerer Kemmerer NNP 34823 9144 6 , , , 34823 9144 7 p. p. NN 34823 9144 8 105 105 CD 34823 9144 9 , , , 34823 9144 10 and and CC 34823 9144 11 Kinley Kinley NNP 34823 9144 12 , , , 34823 9144 13 in in IN 34823 9144 14 _ _ NNP 34823 9144 15 Report Report NNP 34823 9144 16 of of IN 34823 9144 17 the the DT 34823 9144 18 Comptroller Comptroller NNP 34823 9144 19 _ _ NNP 34823 9144 20 for for IN 34823 9144 21 1896 1896 CD 34823 9144 22 and and CC 34823 9144 23 in in IN 34823 9144 24 the the DT 34823 9144 25 1909 1909 CD 34823 9144 26 monograph monograph NN 34823 9144 27 , , , 34823 9144 28 _ _ NNP 34823 9144 29 passim passim NN 34823 9144 30 . . . 34823 9144 31 _ _ NNP 34823 9144 32 [ [ -LRB- 34823 9144 33 424 424 CD 34823 9144 34 ] ] -RRB- 34823 9144 35 _ _ NNP 34823 9144 36 Vide Vide NNP 34823 9144 37 _ _ NNP 34823 9144 38 the the DT 34823 9144 39 present present JJ 34823 9144 40 writer writer NN 34823 9144 41 's 's POS 34823 9144 42 discussion discussion NN 34823 9144 43 in in IN 34823 9144 44 the the DT 34823 9144 45 _ _ NNP 34823 9144 46 Annalist Annalist NNP 34823 9144 47 _ _ NNP 34823 9144 48 , , , 34823 9144 49 March March NNP 34823 9144 50 6 6 CD 34823 9144 51 , , , 34823 9144 52 1916 1916 CD 34823 9144 53 , , , 34823 9144 54 p. p. NN 34823 9144 55 313 313 CD 34823 9144 56 . . . 34823 9145 1 [ [ -LRB- 34823 9145 2 425 425 CD 34823 9145 3 ] ] -RRB- 34823 9145 4 I -PRON- PRP 34823 9145 5 am be VBP 34823 9145 6 informed inform VBN 34823 9145 7 by by IN 34823 9145 8 Mr. Mr. NNP 34823 9145 9 B. B. NNP 34823 9145 10 F. F. NNP 34823 9145 11 Smith Smith NNP 34823 9145 12 , , , 34823 9145 13 Treasurer Treasurer NNP 34823 9145 14 of of IN 34823 9145 15 the the DT 34823 9145 16 Cambridge Cambridge NNP 34823 9145 17 Trust Trust NNP 34823 9145 18 Company Company NNP 34823 9145 19 , , , 34823 9145 20 that that IN 34823 9145 21 the the DT 34823 9145 22 practice practice NN 34823 9145 23 of of IN 34823 9145 24 having have VBG 34823 9145 25 separate separate JJ 34823 9145 26 dividend dividend NN 34823 9145 27 accounts account NNS 34823 9145 28 is be VBZ 34823 9145 29 a a DT 34823 9145 30 very very RB 34823 9145 31 widespread widespread JJ 34823 9145 32 one one NN 34823 9145 33 , , , 34823 9145 34 especially especially RB 34823 9145 35 with with IN 34823 9145 36 the the DT 34823 9145 37 larger large JJR 34823 9145 38 corporations corporation NNS 34823 9145 39 . . . 34823 9146 1 [ [ -LRB- 34823 9146 2 426 426 CD 34823 9146 3 ] ] -RRB- 34823 9146 4 _ _ NNP 34823 9146 5 Statistics Statistics NNPS 34823 9146 6 of of IN 34823 9146 7 Railways Railways NNP 34823 9146 8 _ _ NNP 34823 9146 9 , , , 34823 9146 10 1909 1909 CD 34823 9146 11 , , , 34823 9146 12 p. p. NN 34823 9146 13 71 71 CD 34823 9146 14 . . . 34823 9147 1 [ [ -LRB- 34823 9147 2 427 427 CD 34823 9147 3 ] ] -RRB- 34823 9147 4 Professor Professor NNP 34823 9147 5 Fisher Fisher NNP 34823 9147 6 , , , 34823 9147 7 in in IN 34823 9147 8 his -PRON- PRP$ 34823 9147 9 _ _ NNP 34823 9147 10 Annalist Annalist NNP 34823 9147 11 _ _ NNP 34823 9147 12 article article NN 34823 9147 13 of of IN 34823 9147 14 Feb. February NNP 34823 9147 15 21 21 CD 34823 9147 16 , , , 34823 9147 17 1916 1916 CD 34823 9147 18 , , , 34823 9147 19 quotes quote VBZ 34823 9147 20 Dean Dean NNP 34823 9147 21 Kinley Kinley NNP 34823 9147 22 ( ( -LRB- 34823 9147 23 _ _ NNP 34823 9147 24 The the DT 34823 9147 25 Use Use NNP 34823 9147 26 of of IN 34823 9147 27 Credit Credit NNP 34823 9147 28 Instruments Instruments NNPS 34823 9147 29 _ _ NNP 34823 9147 30 , , , 34823 9147 31 p. p. NN 34823 9147 32 151 151 CD 34823 9147 33 ) ) -RRB- 34823 9147 34 , , , 34823 9147 35 as as IN 34823 9147 36 holding hold VBG 34823 9147 37 that that IN 34823 9147 38 duplications duplication NNS 34823 9147 39 have have VBP 34823 9147 40 largely largely RB 34823 9147 41 been be VBN 34823 9147 42 eliminated eliminate VBN 34823 9147 43 from from IN 34823 9147 44 his -PRON- PRP$ 34823 9147 45 1909 1909 CD 34823 9147 46 figures figure NNS 34823 9147 47 . . . 34823 9148 1 Professor Professor NNP 34823 9148 2 Fisher Fisher NNP 34823 9148 3 overlooks overlook VBZ 34823 9148 4 the the DT 34823 9148 5 fact fact NN 34823 9148 6 that that IN 34823 9148 7 Dean Dean NNP 34823 9148 8 Kinley Kinley NNP 34823 9148 9 is be VBZ 34823 9148 10 here here RB 34823 9148 11 referring refer VBG 34823 9148 12 , , , 34823 9148 13 not not RB 34823 9148 14 to to TO 34823 9148 15 money money NN 34823 9148 16 value value NN 34823 9148 17 of of IN 34823 9148 18 trade trade NN 34823 9148 19 , , , 34823 9148 20 but but CC 34823 9148 21 merely merely RB 34823 9148 22 to to TO 34823 9148 23 volume volume NN 34823 9148 24 of of IN 34823 9148 25 checks check NNS 34823 9148 26 . . . 34823 9149 1 Dean Dean NNP 34823 9149 2 Kinley Kinley NNP 34823 9149 3 merely merely RB 34823 9149 4 indicates indicate VBZ 34823 9149 5 that that IN 34823 9149 6 by by IN 34823 9149 7 eliminating eliminate VBG 34823 9149 8 deposits deposit NNS 34823 9149 9 made make VBN 34823 9149 10 by by IN 34823 9149 11 one one CD 34823 9149 12 bank bank NN 34823 9149 13 in in IN 34823 9149 14 another another DT 34823 9149 15 , , , 34823 9149 16 he -PRON- PRP 34823 9149 17 has have VBZ 34823 9149 18 avoided avoid VBN 34823 9149 19 having have VBG 34823 9149 20 the the DT 34823 9149 21 same same JJ 34823 9149 22 check check NN 34823 9149 23 counted count VBD 34823 9149 24 in in IN 34823 9149 25 deposits deposit NNS 34823 9149 26 made make VBN 34823 9149 27 in in IN 34823 9149 28 two two CD 34823 9149 29 or or CC 34823 9149 30 more more JJR 34823 9149 31 banks bank NNS 34823 9149 32 on on IN 34823 9149 33 the the DT 34823 9149 34 same same JJ 34823 9149 35 day day NN 34823 9149 36 . . . 34823 9150 1 Even even RB 34823 9150 2 this this DT 34823 9150 3 is be VBZ 34823 9150 4 not not RB 34823 9150 5 wholly wholly RB 34823 9150 6 avoided avoid VBN 34823 9150 7 . . . 34823 9151 1 ( ( -LRB- 34823 9151 2 _ _ NNP 34823 9151 3 Ibid Ibid NNP 34823 9151 4 . . . 34823 9151 5 _ _ NNP 34823 9151 6 , , , 34823 9151 7 pp pp NNP 34823 9151 8 . . . 34823 9152 1 158 158 CD 34823 9152 2 - - SYM 34823 9152 3 159 159 CD 34823 9152 4 . . . 34823 9152 5 ) ) -RRB- 34823 9153 1 It -PRON- PRP 34823 9153 2 was be VBD 34823 9153 3 extensive extensive JJ 34823 9153 4 in in IN 34823 9153 5 the the DT 34823 9153 6 1896 1896 CD 34823 9153 7 figures figure NNS 34823 9153 8 . . . 34823 9154 1 Dean Dean NNP 34823 9154 2 Kinley Kinley NNP 34823 9154 3 thinks think VBZ 34823 9154 4 , , , 34823 9154 5 properly properly RB 34823 9154 6 enough enough RB 34823 9154 7 , , , 34823 9154 8 that that IN 34823 9154 9 he -PRON- PRP 34823 9154 10 has have VBZ 34823 9154 11 a a DT 34823 9154 12 sufficiently sufficiently RB 34823 9154 13 close close JJ 34823 9154 14 approximation approximation NN 34823 9154 15 to to IN 34823 9154 16 the the DT 34823 9154 17 volume volume NN 34823 9154 18 of of IN 34823 9154 19 checks check NNS 34823 9154 20 , , , 34823 9154 21 for for IN 34823 9154 22 the the DT 34823 9154 23 reporting report VBG 34823 9154 24 banks bank NNS 34823 9154 25 , , , 34823 9154 26 but but CC 34823 9154 27 what what WP 34823 9154 28 the the DT 34823 9154 29 checks check NNS 34823 9154 30 were be VBD 34823 9154 31 drawn draw VBN 34823 9154 32 for for IN 34823 9154 33 he -PRON- PRP 34823 9154 34 does do VBZ 34823 9154 35 not not RB 34823 9154 36 undertake undertake VB 34823 9154 37 to to TO 34823 9154 38 say say VB 34823 9154 39 . . . 34823 9155 1 His -PRON- PRP$ 34823 9155 2 problem problem NN 34823 9155 3 was be VBD 34823 9155 4 _ _ NNP 34823 9155 5 payments payment NNS 34823 9155 6 _ _ NNP 34823 9155 7 , , , 34823 9155 8 not not RB 34823 9155 9 _ _ NNP 34823 9155 10 trade trade NN 34823 9155 11 _ _ NNP 34823 9155 12 . . . 34823 9156 1 From from IN 34823 9156 2 the the DT 34823 9156 3 angle angle NN 34823 9156 4 of of IN 34823 9156 5 volume volume NN 34823 9156 6 of of IN 34823 9156 7 trade trade NN 34823 9156 8 , , , 34823 9156 9 he -PRON- PRP 34823 9156 10 finds find VBZ 34823 9156 11 duplications duplication NNS 34823 9156 12 even even RB 34823 9156 13 in in IN 34823 9156 14 the the DT 34823 9156 15 retail retail JJ 34823 9156 16 deposits deposit NNS 34823 9156 17 ( ( -LRB- 34823 9156 18 _ _ NNP 34823 9156 19 Jour Jour NNP 34823 9156 20 . . . 34823 9157 1 of of IN 34823 9157 2 Polit Polit NNP 34823 9157 3 . . . 34823 9158 1 Econ Econ NNP 34823 9158 2 . . . 34823 9158 3 _ _ NNP 34823 9158 4 , , , 34823 9158 5 vol vol NNP 34823 9158 6 . . . 34823 9159 1 5 5 CD 34823 9159 2 , , , 34823 9159 3 p. p. NN 34823 9159 4 165 165 CD 34823 9159 5 ) ) -RRB- 34823 9159 6 . . . 34823 9160 1 [ [ -LRB- 34823 9160 2 428 428 CD 34823 9160 3 ] ] -RRB- 34823 9160 4 _ _ NNP 34823 9160 5 Annalist Annalist NNP 34823 9160 6 _ _ NNP 34823 9160 7 , , , 34823 9160 8 March March NNP 34823 9160 9 13 13 CD 34823 9160 10 , , , 34823 9160 11 1916 1916 CD 34823 9160 12 , , , 34823 9160 13 p. p. NN 34823 9160 14 344 344 CD 34823 9160 15 . . . 34823 9161 1 [ [ -LRB- 34823 9161 2 429 429 CD 34823 9161 3 ] ] -RRB- 34823 9161 4 Chapter chapter NN 34823 9161 5 on on IN 34823 9161 6 " " `` 34823 9161 7 Volume Volume NNP 34823 9161 8 of of IN 34823 9161 9 Money money NN 34823 9161 10 and and CC 34823 9161 11 Volume Volume NNP 34823 9161 12 of of IN 34823 9161 13 Trade Trade NNP 34823 9161 14 , , , 34823 9161 15 " " '' 34823 9161 16 pp pp NNP 34823 9161 17 . . . 34823 9162 1 241 241 CD 34823 9162 2 - - SYM 34823 9162 3 248 248 CD 34823 9162 4 . . . 34823 9163 1 We -PRON- PRP 34823 9163 2 really really RB 34823 9163 3 did do VBD 34823 9163 4 not not RB 34823 9163 5 " " `` 34823 9163 6 find find VB 34823 9163 7 " " '' 34823 9163 8 nearly nearly RB 34823 9163 9 that that RB 34823 9163 10 much much JJ 34823 9163 11 . . . 34823 9164 1 The the DT 34823 9164 2 figures figure NNS 34823 9164 3 assigned assign VBN 34823 9164 4 to to IN 34823 9164 5 retail retail NN 34823 9164 6 and and CC 34823 9164 7 wholesale wholesale JJ 34823 9164 8 trade trade NN 34823 9164 9 rest rest NN 34823 9164 10 on on IN 34823 9164 11 figures figure NNS 34823 9164 12 for for IN 34823 9164 13 retail retail JJ 34823 9164 14 and and CC 34823 9164 15 wholesale wholesale JJ 34823 9164 16 bank bank NN 34823 9164 17 " " '' 34823 9164 18 deposits deposit NNS 34823 9164 19 , , , 34823 9164 20 " " '' 34823 9164 21 and and CC 34823 9164 22 are be VBP 34823 9164 23 , , , 34823 9164 24 especially especially RB 34823 9164 25 the the DT 34823 9164 26 wholesale wholesale JJ 34823 9164 27 figures figure NNS 34823 9164 28 , , , 34823 9164 29 much much RB 34823 9164 30 too too RB 34823 9164 31 large large JJ 34823 9164 32 . . . 34823 9165 1 [ [ -LRB- 34823 9165 2 430 430 CD 34823 9165 3 ] ] -RRB- 34823 9165 4 _ _ NNP 34823 9165 5 Annalist Annalist NNP 34823 9165 6 _ _ NNP 34823 9165 7 , , , 34823 9165 8 Feb. February NNP 34823 9165 9 21 21 CD 34823 9165 10 and and CC 34823 9165 11 March March NNP 34823 9165 12 13 13 CD 34823 9165 13 , , , 34823 9165 14 1916 1916 CD 34823 9165 15 . . . 34823 9166 1 [ [ -LRB- 34823 9166 2 431 431 CD 34823 9166 3 ] ] -RRB- 34823 9166 4 _ _ NNP 34823 9166 5 Loc Loc NNP 34823 9166 6 . . . 34823 9167 1 cit cit NNP 34823 9167 2 . . . 34823 9167 3 _ _ NNP 34823 9167 4 , , , 34823 9167 5 p. p. NN 34823 9167 6 180 180 CD 34823 9167 7 . . . 34823 9168 1 [ [ -LRB- 34823 9168 2 432 432 CD 34823 9168 3 ] ] -RRB- 34823 9168 4 _ _ NNP 34823 9168 5 Ibid Ibid NNP 34823 9168 6 . . . 34823 9168 7 _ _ NNP 34823 9168 8 , , , 34823 9168 9 pp pp NNP 34823 9168 10 . . . 34823 9169 1 166 166 CD 34823 9169 2 - - SYM 34823 9169 3 167 167 CD 34823 9169 4 ; ; : 34823 9169 5 187 187 CD 34823 9169 6 ; ; : 34823 9169 7 273 273 CD 34823 9169 8 . . . 34823 9170 1 [ [ -LRB- 34823 9170 2 433 433 CD 34823 9170 3 ] ] -RRB- 34823 9170 4 Pratt Pratt NNP 34823 9170 5 , , , 34823 9170 6 _ _ NNP 34823 9170 7 loc loc NN 34823 9170 8 . . . 34823 9171 1 cit cit NNP 34823 9171 2 . . . 34823 9171 3 _ _ NNP 34823 9171 4 , , , 34823 9171 5 p. p. NN 34823 9171 6 166 166 CD 34823 9171 7 . . . 34823 9172 1 [ [ -LRB- 34823 9172 2 434 434 CD 34823 9172 3 ] ] -RRB- 34823 9172 4 _ _ NNP 34823 9172 5 Ibid Ibid NNP 34823 9172 6 . . . 34823 9172 7 _ _ NNP 34823 9172 8 , , , 34823 9172 9 p. p. NN 34823 9172 10 187 187 CD 34823 9172 11 . . . 34823 9173 1 [ [ -LRB- 34823 9173 2 435 435 CD 34823 9173 3 ] ] -RRB- 34823 9173 4 Emery Emery NNP 34823 9173 5 , , , 34823 9173 6 _ _ NNP 34823 9173 7 Speculation Speculation NNP 34823 9173 8 on on IN 34823 9173 9 the the DT 34823 9173 10 Stock Stock NNP 34823 9173 11 and and CC 34823 9173 12 Produce Produce NNP 34823 9173 13 Exchanges Exchanges NNPS 34823 9173 14 _ _ NNP 34823 9173 15 , , , 34823 9173 16 pp pp NNP 34823 9173 17 . . . 34823 9174 1 89 89 CD 34823 9174 2 ; ; : 34823 9174 3 74 74 CD 34823 9174 4 - - SYM 34823 9174 5 95 95 CD 34823 9174 6 . . . 34823 9175 1 A a DT 34823 9175 2 Boston Boston NNP 34823 9175 3 broker broker NN 34823 9175 4 expresses express VBZ 34823 9175 5 the the DT 34823 9175 6 opinion opinion NN 34823 9175 7 that that IN 34823 9175 8 the the DT 34823 9175 9 magnitude magnitude NN 34823 9175 10 of of IN 34823 9175 11 artificial artificial JJ 34823 9175 12 borrowing borrowing NN 34823 9175 13 to to TO 34823 9175 14 make make VB 34823 9175 15 the the DT 34823 9175 16 clearance clearance NN 34823 9175 17 sheet sheet NN 34823 9175 18 misleading misleading NN 34823 9175 19 is be VBZ 34823 9175 20 not not RB 34823 9175 21 great great JJ 34823 9175 22 , , , 34823 9175 23 so so RB 34823 9175 24 far far RB 34823 9175 25 as as IN 34823 9175 26 Boston Boston NNP 34823 9175 27 is be VBZ 34823 9175 28 concerned concern VBN 34823 9175 29 . . . 34823 9176 1 I -PRON- PRP 34823 9176 2 have have VBP 34823 9176 3 got get VBN 34823 9176 4 no no DT 34823 9176 5 estimates estimate NNS 34823 9176 6 for for IN 34823 9176 7 New New NNP 34823 9176 8 York York NNP 34823 9176 9 . . . 34823 9177 1 [ [ -LRB- 34823 9177 2 436 436 CD 34823 9177 3 ] ] -RRB- 34823 9177 4 The the DT 34823 9177 5 banks bank NNS 34823 9177 6 , , , 34823 9177 7 of of IN 34823 9177 8 course course NN 34823 9177 9 , , , 34823 9177 10 are be VBP 34823 9177 11 not not RB 34823 9177 12 borrowing borrow VBG 34823 9177 13 stocks stock NNS 34823 9177 14 . . . 34823 9178 1 [ [ -LRB- 34823 9178 2 437 437 CD 34823 9178 3 ] ] -RRB- 34823 9178 4 Van Van NNP 34823 9178 5 Antwerp Antwerp NNP 34823 9178 6 , , , 34823 9178 7 _ _ NNP 34823 9178 8 The the DT 34823 9178 9 Stock Stock NNP 34823 9178 10 Exchange Exchange NNP 34823 9178 11 from from IN 34823 9178 12 Within Within NNP 34823 9178 13 _ _ NNP 34823 9178 14 , , , 34823 9178 15 New New NNP 34823 9178 16 York York NNP 34823 9178 17 , , , 34823 9178 18 1913 1913 CD 34823 9178 19 , , , 34823 9178 20 p. p. NN 34823 9178 21 290 290 CD 34823 9178 22 [ [ -LRB- 34823 9178 23 438 438 CD 34823 9178 24 ] ] -RRB- 34823 9178 25 It -PRON- PRP 34823 9178 26 recently recently RB 34823 9178 27 happened happen VBD 34823 9178 28 that that IN 34823 9178 29 Alaska Alaska NNP 34823 9178 30 Gold Gold NNP 34823 9178 31 was be VBD 34823 9178 32 being be VBG 34823 9178 33 " " `` 34823 9178 34 loaned loan VBN 34823 9178 35 flat flat JJ 34823 9178 36 " " '' 34823 9178 37 on on IN 34823 9178 38 the the DT 34823 9178 39 Boston Boston NNP 34823 9178 40 Stock Stock NNP 34823 9178 41 Exchange Exchange NNP 34823 9178 42 , , , 34823 9178 43 which which WDT 34823 9178 44 was be VBD 34823 9178 45 a a DT 34823 9178 46 prelude prelude NN 34823 9178 47 for for IN 34823 9178 48 a a DT 34823 9178 49 six six CD 34823 9178 50 point point NN 34823 9178 51 advance advance NN 34823 9178 52 in in IN 34823 9178 53 the the DT 34823 9178 54 next next JJ 34823 9178 55 two two CD 34823 9178 56 or or CC 34823 9178 57 three three CD 34823 9178 58 days day NNS 34823 9178 59 , , , 34823 9178 60 as as IN 34823 9178 61 the the DT 34823 9178 62 bears bear NNS 34823 9178 63 were be VBD 34823 9178 64 driven drive VBN 34823 9178 65 to to TO 34823 9178 66 cover cover VB 34823 9178 67 . . . 34823 9179 1 [ [ -LRB- 34823 9179 2 439 439 CD 34823 9179 3 ] ] -RRB- 34823 9179 4 One one CD 34823 9179 5 factor factor NN 34823 9179 6 complicates complicate VBZ 34823 9179 7 this this DT 34823 9179 8 . . . 34823 9180 1 Are be VBP 34823 9180 2 all all PDT 34823 9180 3 the the DT 34823 9180 4 hundred hundred CD 34823 9180 5 share share NN 34823 9180 6 sales sale NNS 34823 9180 7 recorded record VBN 34823 9180 8 ? ? . 34823 9181 1 In in IN 34823 9181 2 our -PRON- PRP$ 34823 9181 3 chapter chapter NN 34823 9181 4 on on IN 34823 9181 5 " " `` 34823 9181 6 Volume Volume NNP 34823 9181 7 of of IN 34823 9181 8 Money money NN 34823 9181 9 and and CC 34823 9181 10 Volume Volume NNP 34823 9181 11 of of IN 34823 9181 12 Trade Trade NNP 34823 9181 13 , , , 34823 9181 14 " " `` 34823 9181 15 we -PRON- PRP 34823 9181 16 called call VBD 34823 9181 17 attention attention NN 34823 9181 18 to to IN 34823 9181 19 a a DT 34823 9181 20 statement statement NN 34823 9181 21 to to IN 34823 9181 22 the the DT 34823 9181 23 effect effect NN 34823 9181 24 that that WDT 34823 9181 25 brokers broker NNS 34823 9181 26 get get VBP 34823 9181 27 together together RB 34823 9181 28 before before IN 34823 9181 29 the the DT 34823 9181 30 market market NN 34823 9181 31 opens open VBZ 34823 9181 32 , , , 34823 9181 33 and and CC 34823 9181 34 compare compare VB 34823 9181 35 " " `` 34823 9181 36 stop stop VB 34823 9181 37 loss loss NN 34823 9181 38 " " '' 34823 9181 39 orders order NNS 34823 9181 40 , , , 34823 9181 41 matching match VBG 34823 9181 42 these these DT 34823 9181 43 with with IN 34823 9181 44 other other JJ 34823 9181 45 orders order NNS 34823 9181 46 , , , 34823 9181 47 with with IN 34823 9181 48 the the DT 34823 9181 49 understanding understanding NN 34823 9181 50 that that WDT 34823 9181 51 they -PRON- PRP 34823 9181 52 automatically automatically RB 34823 9181 53 go go VBP 34823 9181 54 into into IN 34823 9181 55 effect effect NN 34823 9181 56 if if IN 34823 9181 57 the the DT 34823 9181 58 " " `` 34823 9181 59 market market NN 34823 9181 60 " " '' 34823 9181 61 reaches reach VBZ 34823 9181 62 the the DT 34823 9181 63 prices price NNS 34823 9181 64 indicated indicate VBD 34823 9181 65 . . . 34823 9182 1 The the DT 34823 9182 2 statement statement NN 34823 9182 3 indicated indicate VBD 34823 9182 4 that that IN 34823 9182 5 this this DT 34823 9182 6 substantially substantially RB 34823 9182 7 increases increase VBZ 34823 9182 8 sales sale NNS 34823 9182 9 beyond beyond IN 34823 9182 10 the the DT 34823 9182 11 recorded record VBN 34823 9182 12 totals total NNS 34823 9182 13 , , , 34823 9182 14 as as IN 34823 9182 15 such such JJ 34823 9182 16 sales sale NNS 34823 9182 17 do do VBP 34823 9182 18 not not RB 34823 9182 19 get get VB 34823 9182 20 on on IN 34823 9182 21 the the DT 34823 9182 22 ticker ticker NN 34823 9182 23 . . . 34823 9183 1 I -PRON- PRP 34823 9183 2 think think VBP 34823 9183 3 , , , 34823 9183 4 however however RB 34823 9183 5 , , , 34823 9183 6 that that IN 34823 9183 7 this this DT 34823 9183 8 can can MD 34823 9183 9 not not RB 34823 9183 10 throw throw VB 34823 9183 11 our -PRON- PRP$ 34823 9183 12 reckoning reckoning NN 34823 9183 13 out out RP 34823 9183 14 greatly greatly RB 34823 9183 15 . . . 34823 9184 1 The the DT 34823 9184 2 great great JJ 34823 9184 3 majority majority NN 34823 9184 4 of of IN 34823 9184 5 sales sale NNS 34823 9184 6 are be VBP 34823 9184 7 not not RB 34823 9184 8 on on IN 34823 9184 9 " " `` 34823 9184 10 stop stop VB 34823 9184 11 loss loss NN 34823 9184 12 " " '' 34823 9184 13 orders order NNS 34823 9184 14 . . . 34823 9185 1 None none NN 34823 9185 2 of of IN 34823 9185 3 the the DT 34823 9185 4 sales sale NNS 34823 9185 5 of of IN 34823 9185 6 " " `` 34823 9185 7 floor floor NN 34823 9185 8 traders trader NNS 34823 9185 9 , , , 34823 9185 10 " " `` 34823 9185 11 who who WP 34823 9185 12 average average VBP 34823 9185 13 a a DT 34823 9185 14 third third NN 34823 9185 15 of of IN 34823 9185 16 the the DT 34823 9185 17 total total JJ 34823 9185 18 trading trading NN 34823 9185 19 ( ( -LRB- 34823 9185 20 _ _ NNP 34823 9185 21 Pujo Pujo NNP 34823 9185 22 Committee Committee NNP 34823 9185 23 Report Report NNP 34823 9185 24 _ _ NNP 34823 9185 25 , , , 34823 9185 26 Feb. February NNP 34823 9185 27 28 28 CD 34823 9185 28 , , , 34823 9185 29 1913 1913 CD 34823 9185 30 , , , 34823 9185 31 p. p. NN 34823 9185 32 45 45 CD 34823 9185 33 ) ) -RRB- 34823 9185 34 , , , 34823 9185 35 would would MD 34823 9185 36 be be VB 34823 9185 37 on on IN 34823 9185 38 " " `` 34823 9185 39 stop stop VB 34823 9185 40 loss loss NN 34823 9185 41 " " '' 34823 9185 42 orders order NNS 34823 9185 43 . . . 34823 9186 1 The the DT 34823 9186 2 bulk bulk NN 34823 9186 3 of of IN 34823 9186 4 the the DT 34823 9186 5 rest rest NN 34823 9186 6 is be VBZ 34823 9186 7 not not RB 34823 9186 8 . . . 34823 9187 1 Moreover moreover RB 34823 9187 2 , , , 34823 9187 3 not not RB 34823 9187 4 all all DT 34823 9187 5 stop stop VBP 34823 9187 6 loss loss NN 34823 9187 7 orders order NNS 34823 9187 8 , , , 34823 9187 9 by by IN 34823 9187 10 any any DT 34823 9187 11 means mean NNS 34823 9187 12 , , , 34823 9187 13 would would MD 34823 9187 14 be be VB 34823 9187 15 executed execute VBN 34823 9187 16 in in IN 34823 9187 17 this this DT 34823 9187 18 manner manner NN 34823 9187 19 . . . 34823 9188 1 It -PRON- PRP 34823 9188 2 is be VBZ 34823 9188 3 not not RB 34823 9188 4 easy easy JJ 34823 9188 5 to to TO 34823 9188 6 see see VB 34823 9188 7 how how WRB 34823 9188 8 , , , 34823 9188 9 under under IN 34823 9188 10 the the DT 34823 9188 11 rules rule NNS 34823 9188 12 and and CC 34823 9188 13 practices practice NNS 34823 9188 14 of of IN 34823 9188 15 the the DT 34823 9188 16 Exchange Exchange NNP 34823 9188 17 , , , 34823 9188 18 many many JJ 34823 9188 19 other other JJ 34823 9188 20 sales sale NNS 34823 9188 21 could could MD 34823 9188 22 go go VB 34823 9188 23 unrecorded unrecorded JJ 34823 9188 24 , , , 34823 9188 25 except except IN 34823 9188 26 on on IN 34823 9188 27 days day NNS 34823 9188 28 of of IN 34823 9188 29 greatest great JJS 34823 9188 30 stress stress NN 34823 9188 31 . . . 34823 9189 1 On on IN 34823 9189 2 September September NNP 34823 9189 3 25 25 CD 34823 9189 4 , , , 34823 9189 5 1916 1916 CD 34823 9189 6 , , , 34823 9189 7 when when WRB 34823 9189 8 over over IN 34823 9189 9 2,300,000 2,300,000 CD 34823 9189 10 shares share NNS 34823 9189 11 were be VBD 34823 9189 12 sold sell VBN 34823 9189 13 , , , 34823 9189 14 the the DT 34823 9189 15 daily daily JJ 34823 9189 16 paper paper NN 34823 9189 17 spoke speak VBD 34823 9189 18 of of IN 34823 9189 19 sales sale NNS 34823 9189 20 missed miss VBN 34823 9189 21 by by IN 34823 9189 22 the the DT 34823 9189 23 ticker ticker NN 34823 9189 24 , , , 34823 9189 25 which which WDT 34823 9189 26 was be VBD 34823 9189 27 swamped swamp VBN 34823 9189 28 with with IN 34823 9189 29 sales sale NNS 34823 9189 30 to to TO 34823 9189 31 be be VB 34823 9189 32 recorded record VBN 34823 9189 33 , , , 34823 9189 34 as as IN 34823 9189 35 an an DT 34823 9189 36 item item NN 34823 9189 37 of of IN 34823 9189 38 some some DT 34823 9189 39 magnitude magnitude NN 34823 9189 40 . . . 34823 9190 1 But but CC 34823 9190 2 the the DT 34823 9190 3 Ticker Ticker NNPS 34823 9190 4 is be VBZ 34823 9190 5 wonderfully wonderfully RB 34823 9190 6 efficient efficient JJ 34823 9190 7 . . . 34823 9191 1 It -PRON- PRP 34823 9191 2 sometimes sometimes RB 34823 9191 3 gets get VBZ 34823 9191 4 behind behind IN 34823 9191 5 the the DT 34823 9191 6 market market NN 34823 9191 7 by by IN 34823 9191 8 several several JJ 34823 9191 9 minutes minute NNS 34823 9191 10 , , , 34823 9191 11 but but CC 34823 9191 12 it -PRON- PRP 34823 9191 13 rarely rarely RB 34823 9191 14 misses miss VBZ 34823 9191 15 anything anything NN 34823 9191 16 , , , 34823 9191 17 under under IN 34823 9191 18 ordinary ordinary JJ 34823 9191 19 conditions condition NNS 34823 9191 20 . . . 34823 9192 1 [ [ -LRB- 34823 9192 2 440 440 CD 34823 9192 3 ] ] -RRB- 34823 9192 4 _ _ NNP 34823 9192 5 Ibid Ibid NNP 34823 9192 6 . . . 34823 9192 7 _ _ NNP 34823 9192 8 , , , 34823 9192 9 p. p. NN 34823 9192 10 166 166 CD 34823 9192 11 . . . 34823 9193 1 [ [ -LRB- 34823 9193 2 441 441 CD 34823 9193 3 ] ] -RRB- 34823 9193 4 This this DT 34823 9193 5 explains explain VBZ 34823 9193 6 the the DT 34823 9193 7 estimates estimate NNS 34823 9193 8 of of IN 34823 9193 9 Wall Wall NNP 34823 9193 10 Street Street NNP 34823 9193 11 men man NNS 34823 9193 12 that that IN 34823 9193 13 the the DT 34823 9193 14 Clearing Clearing NNP 34823 9193 15 House House NNP 34823 9193 16 reduces reduce VBZ 34823 9193 17 checks check NNS 34823 9193 18 by by IN 34823 9193 19 two two CD 34823 9193 20 - - HYPH 34823 9193 21 thirds third NNS 34823 9193 22 . . . 34823 9194 1 For for IN 34823 9194 2 _ _ NNP 34823 9194 3 their -PRON- PRP$ 34823 9194 4 purposes purpose NNS 34823 9194 5 _ _ NNP 34823 9194 6 , , , 34823 9194 7 the the DT 34823 9194 8 saving saving NN 34823 9194 9 is be VBZ 34823 9194 10 almost almost RB 34823 9194 11 that that RB 34823 9194 12 much much JJ 34823 9194 13 , , , 34823 9194 14 of of IN 34823 9194 15 the the DT 34823 9194 16 items item NNS 34823 9194 17 offered offer VBN 34823 9194 18 for for IN 34823 9194 19 clearings clearing NNS 34823 9194 20 . . . 34823 9195 1 _ _ NNP 34823 9195 2 Cf Cf NNP 34823 9195 3 . . . 34823 9195 4 _ _ NNP 34823 9195 5 Van Van NNP 34823 9195 6 Antwerp Antwerp NNP 34823 9195 7 , , , 34823 9195 8 _ _ NNP 34823 9195 9 The the DT 34823 9195 10 Stock Stock NNP 34823 9195 11 Exchange Exchange NNP 34823 9195 12 from from IN 34823 9195 13 Within Within NNP 34823 9195 14 _ _ NNP 34823 9195 15 , , , 34823 9195 16 pp pp NNP 34823 9195 17 . . . 34823 9196 1 121 121 CD 34823 9196 2 - - SYM 34823 9196 3 122 122 CD 34823 9196 4 . . . 34823 9197 1 [ [ -LRB- 34823 9197 2 442 442 CD 34823 9197 3 ] ] -RRB- 34823 9197 4 _ _ NNP 34823 9197 5 Ibid Ibid NNP 34823 9197 6 . . . 34823 9197 7 _ _ NNP 34823 9197 8 , , , 34823 9197 9 p. p. NN 34823 9197 10 273 273 CD 34823 9197 11 . . . 34823 9198 1 There there EX 34823 9198 2 is be VBZ 34823 9198 3 one one CD 34823 9198 4 billion billion CD 34823 9198 5 difference difference NN 34823 9198 6 between between IN 34823 9198 7 Pratt Pratt NNP 34823 9198 8 's 's POS 34823 9198 9 estimate estimate NN 34823 9198 10 and and CC 34823 9198 11 mine mine NN 34823 9198 12 . . . 34823 9199 1 I -PRON- PRP 34823 9199 2 incline incline VBP 34823 9199 3 to to IN 34823 9199 4 the the DT 34823 9199 5 view view NN 34823 9199 6 that that IN 34823 9199 7 mine mine NN 34823 9199 8 is be VBZ 34823 9199 9 correct correct JJ 34823 9199 10 , , , 34823 9199 11 the the DT 34823 9199 12 more more JJR 34823 9199 13 as as IN 34823 9199 14 he -PRON- PRP 34823 9199 15 puts put VBZ 34823 9199 16 his -PRON- PRP$ 34823 9199 17 figure figure NN 34823 9199 18 , , , 34823 9199 19 14 14 CD 34823 9199 20 billions billion NNS 34823 9199 21 , , , 34823 9199 22 as as IN 34823 9199 23 a a DT 34823 9199 24 safe safe JJ 34823 9199 25 lower low JJR 34823 9199 26 limit limit NN 34823 9199 27 . . . 34823 9200 1 But but CC 34823 9200 2 a a DT 34823 9200 3 billion billion CD 34823 9200 4 one one CD 34823 9200 5 way way NN 34823 9200 6 or or CC 34823 9200 7 the the DT 34823 9200 8 other other JJ 34823 9200 9 is be VBZ 34823 9200 10 trifling trifle VBG 34823 9200 11 ! ! . 34823 9201 1 [ [ -LRB- 34823 9201 2 443 443 CD 34823 9201 3 ] ] -RRB- 34823 9201 4 An an DT 34823 9201 5 official official NN 34823 9201 6 of of IN 34823 9201 7 the the DT 34823 9201 8 Bankers Bankers NNPS 34823 9201 9 Trust Trust NNP 34823 9201 10 Company Company NNP 34823 9201 11 has have VBZ 34823 9201 12 secured secure VBN 34823 9201 13 for for IN 34823 9201 14 me -PRON- PRP 34823 9201 15 from from IN 34823 9201 16 a a DT 34823 9201 17 broker broker NN 34823 9201 18 at at IN 34823 9201 19 the the DT 34823 9201 20 " " `` 34823 9201 21 Money Money NNP 34823 9201 22 Post Post NNP 34823 9201 23 " " '' 34823 9201 24 an an DT 34823 9201 25 estimate estimate NN 34823 9201 26 of of IN 34823 9201 27 20 20 CD 34823 9201 28 to to TO 34823 9201 29 25 25 CD 34823 9201 30 millions million NNS 34823 9201 31 as as IN 34823 9201 32 an an DT 34823 9201 33 average average NN 34823 9201 34 , , , 34823 9201 35 with with IN 34823 9201 36 50 50 CD 34823 9201 37 millions million NNS 34823 9201 38 as as IN 34823 9201 39 a a DT 34823 9201 40 maximum maximum NN 34823 9201 41 , , , 34823 9201 42 for for IN 34823 9201 43 1915 1915 CD 34823 9201 44 . . . 34823 9202 1 The the DT 34823 9202 2 Pujo Pujo NNP 34823 9202 3 Committee Committee NNP 34823 9202 4 , , , 34823 9202 5 in in IN 34823 9202 6 its -PRON- PRP$ 34823 9202 7 report report NN 34823 9202 8 in in IN 34823 9202 9 1913 1913 CD 34823 9202 10 , , , 34823 9202 11 p. p. NN 34823 9202 12 34 34 CD 34823 9202 13 , , , 34823 9202 14 gives give VBZ 34823 9202 15 a a DT 34823 9202 16 similar similar JJ 34823 9202 17 estimate estimate NN 34823 9202 18 . . . 34823 9203 1 [ [ -LRB- 34823 9203 2 444 444 CD 34823 9203 3 ] ] -RRB- 34823 9203 4 P. P. NNP 34823 9203 5 34 34 CD 34823 9203 6 . . . 34823 9204 1 [ [ -LRB- 34823 9204 2 445 445 CD 34823 9204 3 ] ] -RRB- 34823 9204 4 _ _ NNP 34823 9204 5 Annalist Annalist NNP 34823 9204 6 _ _ NNP 34823 9204 7 , , , 34823 9204 8 Aug. August NNP 34823 9204 9 14 14 CD 34823 9204 10 , , , 34823 9204 11 1916 1916 CD 34823 9204 12 . . . 34823 9205 1 [ [ -LRB- 34823 9205 2 446 446 CD 34823 9205 3 ] ] -RRB- 34823 9205 4 N. N. NNP 34823 9205 5 J. J. NNP 34823 9205 6 Silberling Silberling NNP 34823 9205 7 , , , 34823 9205 8 " " `` 34823 9205 9 The the DT 34823 9205 10 Mystery mystery NN 34823 9205 11 of of IN 34823 9205 12 Clearings Clearings NNPS 34823 9205 13 , , , 34823 9205 14 " " '' 34823 9205 15 _ _ NNP 34823 9205 16 Annalist Annalist NNP 34823 9205 17 _ _ NNP 34823 9205 18 , , , 34823 9205 19 Aug. August NNP 34823 9205 20 14 14 CD 34823 9205 21 , , , 34823 9205 22 1916 1916 CD 34823 9205 23 , , , 34823 9205 24 p. p. NN 34823 9205 25 223 223 CD 34823 9205 26 . . . 34823 9206 1 [ [ -LRB- 34823 9206 2 447 447 CD 34823 9206 3 ] ] -RRB- 34823 9206 4 There there EX 34823 9206 5 is be VBZ 34823 9206 6 one one CD 34823 9206 7 further further JJ 34823 9206 8 piece piece NN 34823 9206 9 of of IN 34823 9206 10 evidence evidence NN 34823 9206 11 which which WDT 34823 9206 12 has have VBZ 34823 9206 13 been be VBN 34823 9206 14 obtained obtain VBN 34823 9206 15 through through IN 34823 9206 16 the the DT 34823 9206 17 courtesy courtesy NN 34823 9206 18 of of IN 34823 9206 19 a a DT 34823 9206 20 New New NNP 34823 9206 21 York York NNP 34823 9206 22 brokerage brokerage NN 34823 9206 23 house house NN 34823 9206 24 . . . 34823 9207 1 At at IN 34823 9207 2 the the DT 34823 9207 3 request request NN 34823 9207 4 of of IN 34823 9207 5 the the DT 34823 9207 6 gentleman gentleman NN 34823 9207 7 who who WP 34823 9207 8 has have VBZ 34823 9207 9 supplied supply VBN 34823 9207 10 the the DT 34823 9207 11 figures figure NNS 34823 9207 12 , , , 34823 9207 13 I -PRON- PRP 34823 9207 14 have have VBP 34823 9207 15 altered alter VBN 34823 9207 16 them -PRON- PRP 34823 9207 17 by by IN 34823 9207 18 a a DT 34823 9207 19 constant constant JJ 34823 9207 20 percentage percentage NN 34823 9207 21 , , , 34823 9207 22 to to TO 34823 9207 23 prevent prevent VB 34823 9207 24 possible possible JJ 34823 9207 25 identification identification NN 34823 9207 26 , , , 34823 9207 27 but but CC 34823 9207 28 the the DT 34823 9207 29 proportions proportion NNS 34823 9207 30 among among IN 34823 9207 31 them -PRON- PRP 34823 9207 32 hold hold VBP 34823 9207 33 as as IN 34823 9207 34 they -PRON- PRP 34823 9207 35 were be VBD 34823 9207 36 given give VBN 34823 9207 37 . . . 34823 9208 1 The the DT 34823 9208 2 figures figure NNS 34823 9208 3 show show VBP 34823 9208 4 the the DT 34823 9208 5 business business NN 34823 9208 6 of of IN 34823 9208 7 the the DT 34823 9208 8 house house NN 34823 9208 9 for for IN 34823 9208 10 the the DT 34823 9208 11 month month NN 34823 9208 12 of of IN 34823 9208 13 March March NNP 34823 9208 14 , , , 34823 9208 15 1916 1916 CD 34823 9208 16 . . . 34823 9209 1 The the DT 34823 9209 2 figures figure NNS 34823 9209 3 show show VBP 34823 9209 4 : : : 34823 9209 5 Market market NN 34823 9209 6 value value NN 34823 9209 7 of of IN 34823 9209 8 stocks stock NNS 34823 9209 9 and and CC 34823 9209 10 bonds bond NNS 34823 9209 11 bought buy VBN 34823 9209 12 , , , 34823 9209 13 1,644,630 1,644,630 CD 34823 9209 14 Total total JJ 34823 9209 15 deposits deposit NNS 34823 9209 16 made make VBN 34823 9209 17 during during IN 34823 9209 18 month month NN 34823 9209 19 , , , 34823 9209 20 1,475,502 1,475,502 CD 34823 9209 21 Average average NN 34823 9209 22 borrowed borrow VBN 34823 9209 23 from from IN 34823 9209 24 banks bank NNS 34823 9209 25 , , , 34823 9209 26 952,000 952,000 CD 34823 9209 27 For for IN 34823 9209 28 this this DT 34823 9209 29 house house NN 34823 9209 30 , , , 34823 9209 31 then then RB 34823 9209 32 , , , 34823 9209 33 for for IN 34823 9209 34 this this DT 34823 9209 35 month month NN 34823 9209 36 , , , 34823 9209 37 the the DT 34823 9209 38 deposits deposit NNS 34823 9209 39 were be VBD 34823 9209 40 less less JJR 34823 9209 41 than than IN 34823 9209 42 the the DT 34823 9209 43 value value NN 34823 9209 44 of of IN 34823 9209 45 securities security NNS 34823 9209 46 sold sell VBN 34823 9209 47 , , , 34823 9209 48 by by IN 34823 9209 49 11.5 11.5 CD 34823 9209 50 % % NN 34823 9209 51 . . . 34823 9210 1 The the DT 34823 9210 2 month month NN 34823 9210 3 , , , 34823 9210 4 however however RB 34823 9210 5 , , , 34823 9210 6 was be VBD 34823 9210 7 unusual unusual JJ 34823 9210 8 . . . 34823 9211 1 It -PRON- PRP 34823 9211 2 was be VBD 34823 9211 3 a a DT 34823 9211 4 month month NN 34823 9211 5 of of IN 34823 9211 6 reduced reduce VBN 34823 9211 7 activity activity NN 34823 9211 8 , , , 34823 9211 9 following follow VBG 34823 9211 10 large large JJ 34823 9211 11 activity activity NN 34823 9211 12 . . . 34823 9212 1 This this DT 34823 9212 2 is be VBZ 34823 9212 3 strikingly strikingly RB 34823 9212 4 shown show VBN 34823 9212 5 by by IN 34823 9212 6 the the DT 34823 9212 7 figure figure NN 34823 9212 8 for for IN 34823 9212 9 the the DT 34823 9212 10 _ _ NNP 34823 9212 11 average average JJ 34823 9212 12 _ _ NNP 34823 9212 13 bank bank NN 34823 9212 14 loans loan NNS 34823 9212 15 for for IN 34823 9212 16 the the DT 34823 9212 17 month month NN 34823 9212 18 -- -- : 34823 9212 19 over over IN 34823 9212 20 two two CD 34823 9212 21 - - HYPH 34823 9212 22 thirds third NNS 34823 9212 23 of of IN 34823 9212 24 the the DT 34823 9212 25 _ _ NNP 34823 9212 26 total total NN 34823 9212 27 _ _ NNP 34823 9212 28 deposits deposit NNS 34823 9212 29 for for IN 34823 9212 30 the the DT 34823 9212 31 month month NN 34823 9212 32 . . . 34823 9213 1 The the DT 34823 9213 2 house house NN 34823 9213 3 had have VBD 34823 9213 4 a a DT 34823 9213 5 large large JJ 34823 9213 6 bull bull NN 34823 9213 7 _ _ NNP 34823 9213 8 clientèle clientèle NNP 34823 9213 9 _ _ NNP 34823 9213 10 , , , 34823 9213 11 which which WDT 34823 9213 12 was be VBD 34823 9213 13 holding hold VBG 34823 9213 14 its -PRON- PRP$ 34823 9213 15 stocks stock NNS 34823 9213 16 , , , 34823 9213 17 and and CC 34823 9213 18 not not RB 34823 9213 19 selling sell VBG 34823 9213 20 on on IN 34823 9213 21 a a DT 34823 9213 22 bear bear NN 34823 9213 23 market market NN 34823 9213 24 . . . 34823 9214 1 The the DT 34823 9214 2 turnover turnover NN 34823 9214 3 was be VBD 34823 9214 4 very very RB 34823 9214 5 slow slow JJ 34823 9214 6 , , , 34823 9214 7 as as IN 34823 9214 8 Wall Wall NNP 34823 9214 9 Street Street NNP 34823 9214 10 goes go VBZ 34823 9214 11 . . . 34823 9215 1 It -PRON- PRP 34823 9215 2 was be VBD 34823 9215 3 a a DT 34823 9215 4 time time NN 34823 9215 5 of of IN 34823 9215 6 extraordinarily extraordinarily RB 34823 9215 7 easy easy JJ 34823 9215 8 money money NN 34823 9215 9 when when WRB 34823 9215 10 banks bank NNS 34823 9215 11 called call VBD 34823 9215 12 few few JJ 34823 9215 13 if if IN 34823 9215 14 any any DT 34823 9215 15 loans loan NNS 34823 9215 16 . . . 34823 9216 1 The the DT 34823 9216 2 broker broker NN 34823 9216 3 , , , 34823 9216 4 in in IN 34823 9216 5 explanation explanation NN 34823 9216 6 of of IN 34823 9216 7 his -PRON- PRP$ 34823 9216 8 figures figure NNS 34823 9216 9 , , , 34823 9216 10 says say VBZ 34823 9216 11 : : : 34823 9216 12 " " `` 34823 9216 13 The the DT 34823 9216 14 most most JJS 34823 9216 15 of of IN 34823 9216 16 our -PRON- PRP$ 34823 9216 17 checks check NNS 34823 9216 18 were be VBD 34823 9216 19 to to IN 34823 9216 20 other other JJ 34823 9216 21 brokers broker NNS 34823 9216 22 . . . 34823 9217 1 Checks check NNS 34823 9217 2 to to IN 34823 9217 3 banks bank NNS 34823 9217 4 about about IN 34823 9217 5 equaled equal VBN 34823 9217 6 checks check NNS 34823 9217 7 to to IN 34823 9217 8 customers customer NNS 34823 9217 9 . . . 34823 9218 1 Your -PRON- PRP$ 34823 9218 2 assumption assumption NN 34823 9218 3 that that IN 34823 9218 4 we -PRON- PRP 34823 9218 5 did do VBD 34823 9218 6 not not RB 34823 9218 7 pay pay VB 34823 9218 8 off off RP 34823 9218 9 many many JJ 34823 9218 10 loans loan NNS 34823 9218 11 in in IN 34823 9218 12 March March NNP 34823 9218 13 is be VBZ 34823 9218 14 , , , 34823 9218 15 I -PRON- PRP 34823 9218 16 think think VBP 34823 9218 17 , , , 34823 9218 18 right right UH 34823 9218 19 . . . 34823 9218 20 " " '' 34823 9219 1 The the DT 34823 9219 2 same same JJ 34823 9219 3 broker broker NN 34823 9219 4 states state VBZ 34823 9219 5 in in IN 34823 9219 6 another another DT 34823 9219 7 letter letter NN 34823 9219 8 that that WDT 34823 9219 9 he -PRON- PRP 34823 9219 10 thinks think VBZ 34823 9219 11 that that IN 34823 9219 12 , , , 34823 9219 13 in in IN 34823 9219 14 general general JJ 34823 9219 15 , , , 34823 9219 16 the the DT 34823 9219 17 bulk bulk NN 34823 9219 18 of of IN 34823 9219 19 checks check NNS 34823 9219 20 to to IN 34823 9219 21 and and CC 34823 9219 22 from from IN 34823 9219 23 brokers broker NNS 34823 9219 24 are be VBP 34823 9219 25 in in IN 34823 9219 26 dealings dealing NNS 34823 9219 27 with with IN 34823 9219 28 banks bank NNS 34823 9219 29 . . . 34823 9220 1 In in IN 34823 9220 2 this this DT 34823 9220 3 month month NN 34823 9220 4 , , , 34823 9220 5 then then RB 34823 9220 6 , , , 34823 9220 7 with with IN 34823 9220 8 this this DT 34823 9220 9 factor factor NN 34823 9220 10 reduced reduce VBN 34823 9220 11 to to IN 34823 9220 12 a a DT 34823 9220 13 minimum minimum NN 34823 9220 14 , , , 34823 9220 15 we -PRON- PRP 34823 9220 16 still still RB 34823 9220 17 have have VBP 34823 9220 18 deposits deposit NNS 34823 9220 19 undercounting undercounting JJ 34823 9220 20 sales sale NNS 34823 9220 21 by by IN 34823 9220 22 only only RB 34823 9220 23 11.5 11.5 CD 34823 9220 24 % % NN 34823 9220 25 . . . 34823 9221 1 The the DT 34823 9221 2 figures figure NNS 34823 9221 3 do do VBP 34823 9221 4 not not RB 34823 9221 5 prove prove VB 34823 9221 6 my -PRON- PRP$ 34823 9221 7 thesis thesis NN 34823 9221 8 that that IN 34823 9221 9 brokers broker NNS 34823 9221 10 ' ' POS 34823 9221 11 deposits deposit NNS 34823 9221 12 greatly greatly RB 34823 9221 13 overcount overcount VBP 34823 9221 14 their -PRON- PRP$ 34823 9221 15 sales sale NNS 34823 9221 16 , , , 34823 9221 17 but but CC 34823 9221 18 they -PRON- PRP 34823 9221 19 at at IN 34823 9221 20 least least JJS 34823 9221 21 show show VBP 34823 9221 22 that that IN 34823 9221 23 they -PRON- PRP 34823 9221 24 do do VBP 34823 9221 25 not not RB 34823 9221 26 greatly greatly RB 34823 9221 27 undercount undercount VB 34823 9221 28 them -PRON- PRP 34823 9221 29 . . . 34823 9222 1 In in IN 34823 9222 2 view view NN 34823 9222 3 of of IN 34823 9222 4 the the DT 34823 9222 5 peculiarities peculiarity NNS 34823 9222 6 of of IN 34823 9222 7 the the DT 34823 9222 8 month month NN 34823 9222 9 chosen choose VBN 34823 9222 10 , , , 34823 9222 11 with with IN 34823 9222 12 transactions transaction NNS 34823 9222 13 between between IN 34823 9222 14 banks bank NNS 34823 9222 15 and and CC 34823 9222 16 brokers broker NNS 34823 9222 17 cut cut VBD 34823 9222 18 to to IN 34823 9222 19 the the DT 34823 9222 20 minimum minimum NN 34823 9222 21 , , , 34823 9222 22 they -PRON- PRP 34823 9222 23 are be VBP 34823 9222 24 quite quite RB 34823 9222 25 consistent consistent JJ 34823 9222 26 with with IN 34823 9222 27 the the DT 34823 9222 28 contention contention NN 34823 9222 29 that that WDT 34823 9222 30 normally normally RB 34823 9222 31 the the DT 34823 9222 32 brokers broker NNS 34823 9222 33 ' ' POS 34823 9222 34 deposits deposit NNS 34823 9222 35 will will MD 34823 9222 36 much much RB 34823 9222 37 exceed exceed VB 34823 9222 38 their -PRON- PRP$ 34823 9222 39 sales sale NNS 34823 9222 40 . . . 34823 9223 1 [ [ -LRB- 34823 9223 2 448 448 CD 34823 9223 3 ] ] -RRB- 34823 9223 4 Kemmerer Kemmerer NNP 34823 9223 5 's 's POS 34823 9223 6 main main JJ 34823 9223 7 figures figure NNS 34823 9223 8 are be VBP 34823 9223 9 merely merely RB 34823 9223 10 _ _ NNP 34823 9223 11 indicia indicia NNP 34823 9223 12 _ _ NNP 34823 9223 13 of of IN 34823 9223 14 variation variation NN 34823 9223 15 , , , 34823 9223 16 rather rather RB 34823 9223 17 than than IN 34823 9223 18 absolute absolute JJ 34823 9223 19 magnitudes magnitude NNS 34823 9223 20 , , , 34823 9223 21 for for IN 34823 9223 22 trade trade NN 34823 9223 23 . . . 34823 9224 1 On on IN 34823 9224 2 p. p. NN 34823 9224 3 136 136 CD 34823 9224 4 , , , 34823 9224 5 _ _ NNP 34823 9224 6 d. d. NNP 34823 9224 7 _ _ NNP 34823 9224 8 ( ( -LRB- 34823 9224 9 _ _ NNP 34823 9224 10 loc loc NNP 34823 9224 11 . . . 34823 9225 1 cit cit NNP 34823 9225 2 . . . 34823 9225 3 _ _ NNP 34823 9225 4 ) ) -RRB- 34823 9225 5 , , , 34823 9225 6 however however RB 34823 9225 7 , , , 34823 9225 8 he -PRON- PRP 34823 9225 9 indicates indicate VBZ 34823 9225 10 that that IN 34823 9225 11 his -PRON- PRP$ 34823 9225 12 figures figure NNS 34823 9225 13 for for IN 34823 9225 14 " " `` 34823 9225 15 total total JJ 34823 9225 16 monetary monetary JJ 34823 9225 17 and and CC 34823 9225 18 check check VB 34823 9225 19 circulation circulation NN 34823 9225 20 " " '' 34823 9225 21 is be VBZ 34823 9225 22 also also RB 34823 9225 23 a a DT 34823 9225 24 figure figure NN 34823 9225 25 for for IN 34823 9225 26 " " `` 34823 9225 27 total total JJ 34823 9225 28 business business NN 34823 9225 29 transactions"--and transactions"--and NNP 34823 9225 30 counts count VBZ 34823 9225 31 89 89 CD 34823 9225 32 % % NN 34823 9225 33 of of IN 34823 9225 34 it -PRON- PRP 34823 9225 35 as as IN 34823 9225 36 wholesale wholesale JJ 34823 9225 37 trade trade NN 34823 9225 38 . . . 34823 9226 1 [ [ -LRB- 34823 9226 2 449 449 CD 34823 9226 3 ] ] -RRB- 34823 9226 4 _ _ NNP 34823 9226 5 Cf Cf NNP 34823 9226 6 . . . 34823 9226 7 _ _ IN 34823 9226 8 the the DT 34823 9226 9 discussion discussion NN 34823 9226 10 of of IN 34823 9226 11 the the DT 34823 9226 12 relation relation NN 34823 9226 13 of of IN 34823 9226 14 P p NN 34823 9226 15 and and CC 34823 9226 16 T t NN 34823 9226 17 in in IN 34823 9226 18 the the DT 34823 9226 19 chapter chapter NN 34823 9226 20 on on IN 34823 9226 21 " " `` 34823 9226 22 The the DT 34823 9226 23 Equation Equation NNP 34823 9226 24 of of IN 34823 9226 25 Exchange Exchange NNP 34823 9226 26 . . . 34823 9226 27 " " '' 34823 9227 1 [ [ -LRB- 34823 9227 2 450 450 CD 34823 9227 3 ] ] -RRB- 34823 9227 4 _ _ NNP 34823 9227 5 Op Op NNP 34823 9227 6 . . . 34823 9228 1 cit cit NNP 34823 9228 2 . . . 34823 9228 3 _ _ NNP 34823 9228 4 , , , 34823 9228 5 p. p. NN 34823 9228 6 136 136 CD 34823 9228 7 . . . 34823 9229 1 [ [ -LRB- 34823 9229 2 451 451 CD 34823 9229 3 ] ] -RRB- 34823 9229 4 _ _ NNP 34823 9229 5 Ibid Ibid NNP 34823 9229 6 . . . 34823 9229 7 _ _ NNP 34823 9229 8 , , , 34823 9229 9 pp pp NNP 34823 9229 10 . . . 34823 9230 1 70 70 CD 34823 9230 2 - - SYM 34823 9230 3 71 71 CD 34823 9230 4 . . . 34823 9231 1 [ [ -LRB- 34823 9231 2 452 452 CD 34823 9231 3 ] ] -RRB- 34823 9231 4 _ _ NNP 34823 9231 5 Loc Loc NNP 34823 9231 6 . . . 34823 9232 1 cit cit NNP 34823 9232 2 . . . 34823 9232 3 _ _ NNP 34823 9232 4 , , , 34823 9232 5 p. p. NN 34823 9232 6 487 487 CD 34823 9232 7 . . . 34823 9233 1 [ [ -LRB- 34823 9233 2 453 453 CD 34823 9233 3 ] ] -RRB- 34823 9233 4 Kemmerer Kemmerer NNP 34823 9233 5 does do VBZ 34823 9233 6 not not RB 34823 9233 7 accept accept VB 34823 9233 8 Kinley Kinley NNP 34823 9233 9 's 's POS 34823 9233 10 estimate estimate NN 34823 9233 11 of of IN 34823 9233 12 75 75 CD 34823 9233 13 % % NN 34823 9233 14 for for IN 34823 9233 15 checks check NNS 34823 9233 16 as as IN 34823 9233 17 compared compare VBN 34823 9233 18 with with IN 34823 9233 19 money money NN 34823 9233 20 in in IN 34823 9233 21 payments payment NNS 34823 9233 22 as as IN 34823 9233 23 a a DT 34823 9233 24 " " `` 34823 9233 25 sure sure JJ 34823 9233 26 minimum minimum NN 34823 9233 27 " " '' 34823 9233 28 for for IN 34823 9233 29 1896 1896 CD 34823 9233 30 , , , 34823 9233 31 but but CC 34823 9233 32 rather rather RB 34823 9233 33 counts count VBZ 34823 9233 34 it -PRON- PRP 34823 9233 35 as as IN 34823 9233 36 a a DT 34823 9233 37 " " `` 34823 9233 38 fair fair JJ 34823 9233 39 maximum maximum NN 34823 9233 40 . . . 34823 9233 41 " " '' 34823 9234 1 ( ( -LRB- 34823 9234 2 _ _ NNP 34823 9234 3 Loc Loc NNP 34823 9234 4 . . . 34823 9235 1 cit cit NNP 34823 9235 2 . . . 34823 9235 3 _ _ NNP 34823 9235 4 , , , 34823 9235 5 p. p. NN 34823 9236 1 106 106 CD 34823 9236 2 . . . 34823 9236 3 ) ) -RRB- 34823 9237 1 Using use VBG 34823 9237 2 this this DT 34823 9237 3 as as IN 34823 9237 4 a a DT 34823 9237 5 basis basis NN 34823 9237 6 , , , 34823 9237 7 he -PRON- PRP 34823 9237 8 gets get VBZ 34823 9237 9 a a DT 34823 9237 10 monetary monetary JJ 34823 9237 11 circulation circulation NN 34823 9237 12 for for IN 34823 9237 13 1896 1896 CD 34823 9237 14 of of IN 34823 9237 15 47.7 47.7 CD 34823 9237 16 billions billion NNS 34823 9237 17 , , , 34823 9237 18 and and CC 34823 9237 19 a a DT 34823 9237 20 " " `` 34823 9237 21 velocity velocity NN 34823 9237 22 of of IN 34823 9237 23 money money NN 34823 9237 24 " " '' 34823 9237 25 ( ( -LRB- 34823 9237 26 since since IN 34823 9237 27 the the DT 34823 9237 28 monetary monetary JJ 34823 9237 29 stock stock NN 34823 9237 30 in in IN 34823 9237 31 circulation circulation NN 34823 9237 32 in in IN 34823 9237 33 1896 1896 CD 34823 9237 34 was be VBD 34823 9237 35 a a DT 34823 9237 36 little little JJ 34823 9237 37 over over IN 34823 9237 38 1 1 CD 34823 9237 39 billion billion CD 34823 9237 40 ) ) -RRB- 34823 9237 41 of of IN 34823 9237 42 47 47 CD 34823 9237 43 . . . 34823 9238 1 ( ( -LRB- 34823 9238 2 _ _ NNP 34823 9238 3 Loc Loc NNP 34823 9238 4 . . . 34823 9239 1 cit cit NNP 34823 9239 2 . . . 34823 9239 3 _ _ NNP 34823 9239 4 , , , 34823 9239 5 p. p. NN 34823 9240 1 114 114 CD 34823 9240 2 . . . 34823 9240 3 ) ) -RRB- 34823 9241 1 Kinley Kinley NNP 34823 9241 2 's 's POS 34823 9241 3 fuller full JJR 34823 9241 4 investigation investigation NN 34823 9241 5 in in IN 34823 9241 6 1909 1909 CD 34823 9241 7 has have VBZ 34823 9241 8 made make VBN 34823 9241 9 it -PRON- PRP 34823 9241 10 clear clear JJ 34823 9241 11 that that IN 34823 9241 12 his -PRON- PRP$ 34823 9241 13 1896 1896 CD 34823 9241 14 conclusions conclusion NNS 34823 9241 15 understated understate VBN 34823 9241 16 , , , 34823 9241 17 rather rather RB 34823 9241 18 than than IN 34823 9241 19 overstated overstate VBN 34823 9241 20 , , , 34823 9241 21 the the DT 34823 9241 22 proportion proportion NN 34823 9241 23 of of IN 34823 9241 24 checks check NNS 34823 9241 25 to to IN 34823 9241 26 money money NN 34823 9241 27 . . . 34823 9242 1 His -PRON- PRP$ 34823 9242 2 " " `` 34823 9242 3 sure sure JJ 34823 9242 4 minimum minimum NN 34823 9242 5 " " '' 34823 9242 6 was be VBD 34823 9242 7 needlessly needlessly RB 34823 9242 8 low low JJ 34823 9242 9 . . . 34823 9243 1 He -PRON- PRP 34823 9243 2 concludes conclude VBZ 34823 9243 3 in in IN 34823 9243 4 1909 1909 CD 34823 9243 5 that that IN 34823 9243 6 80 80 CD 34823 9243 7 to to TO 34823 9243 8 85 85 CD 34823 9243 9 % % NN 34823 9243 10 for for IN 34823 9243 11 checks check NNS 34823 9243 12 is be VBZ 34823 9243 13 safe safe JJ 34823 9243 14 . . . 34823 9244 1 ( ( -LRB- 34823 9244 2 _ _ NNP 34823 9244 3 Op Op NNP 34823 9244 4 . . . 34823 9245 1 cit cit NNP 34823 9245 2 . . . 34823 9245 3 _ _ NNP 34823 9245 4 , , , 34823 9245 5 p. p. NN 34823 9246 1 201 201 CD 34823 9246 2 . . . 34823 9246 3 ) ) -RRB- 34823 9247 1 _ _ NNP 34823 9247 2 Cf Cf NNP 34823 9247 3 . . . 34823 9247 4 _ _ NNP 34823 9247 5 Fisher Fisher NNP 34823 9247 6 's 's POS 34823 9247 7 comments comment NNS 34823 9247 8 , , , 34823 9247 9 _ _ NNP 34823 9247 10 loc loc NN 34823 9247 11 . . . 34823 9248 1 cit cit NNP 34823 9248 2 . . . 34823 9248 3 _ _ NNP 34823 9248 4 , , , 34823 9248 5 pp pp NNP 34823 9248 6 . . . 34823 9249 1 430 430 CD 34823 9249 2 ; ; : 34823 9249 3 460 460 CD 34823 9249 4 _ _ NNP 34823 9249 5 et et NNP 34823 9249 6 seq seq NN 34823 9249 7 . . . 34823 9249 8 _ _ NNP 34823 9249 9 Fisher Fisher NNP 34823 9249 10 's 's POS 34823 9249 11 V v NN 34823 9249 12 is be VBZ 34823 9249 13 about about RB 34823 9249 14 half half NN 34823 9249 15 as as RB 34823 9249 16 great great JJ 34823 9249 17 as as IN 34823 9249 18 Kemmerer Kemmerer NNP 34823 9249 19 's 's POS 34823 9249 20 , , , 34823 9249 21 and and CC 34823 9249 22 varies vary VBZ 34823 9249 23 to to IN 34823 9249 24 some some DT 34823 9249 25 extent extent NN 34823 9249 26 . . . 34823 9250 1 I -PRON- PRP 34823 9250 2 think think VBP 34823 9250 3 Fisher Fisher NNP 34823 9250 4 , , , 34823 9250 5 since since IN 34823 9250 6 his -PRON- PRP$ 34823 9250 7 results result NNS 34823 9250 8 are be VBP 34823 9250 9 closer close JJR 34823 9250 10 to to IN 34823 9250 11 Kinley Kinley NNP 34823 9250 12 's 's POS 34823 9250 13 later later JJ 34823 9250 14 figures figure NNS 34823 9250 15 , , , 34823 9250 16 has have VBZ 34823 9250 17 made make VBN 34823 9250 18 much much JJ 34823 9250 19 the the DT 34823 9250 20 better well JJR 34823 9250 21 estimate estimate NN 34823 9250 22 here here RB 34823 9250 23 . . . 34823 9251 1 [ [ -LRB- 34823 9251 2 454 454 CD 34823 9251 3 ] ] -RRB- 34823 9251 4 Since since IN 34823 9251 5 I -PRON- PRP 34823 9251 6 have have VBP 34823 9251 7 already already RB 34823 9251 8 compressed compress VBN 34823 9251 9 the the DT 34823 9251 10 contents content NNS 34823 9251 11 of of IN 34823 9251 12 a a DT 34823 9251 13 book book NN 34823 9251 14 of of IN 34823 9251 15 200 200 CD 34823 9251 16 pages page NNS 34823 9251 17 into into IN 34823 9251 18 Chapter chapter NN 34823 9251 19 I -PRON- PRP 34823 9251 20 of of IN 34823 9251 21 the the DT 34823 9251 22 present present JJ 34823 9251 23 book book NN 34823 9251 24 , , , 34823 9251 25 it -PRON- PRP 34823 9251 26 seems seem VBZ 34823 9251 27 undesirable undesirable JJ 34823 9251 28 to to TO 34823 9251 29 attempt attempt VB 34823 9251 30 here here RB 34823 9251 31 a a DT 34823 9251 32 further further JJ 34823 9251 33 compression compression NN 34823 9251 34 of of IN 34823 9251 35 that that DT 34823 9251 36 chapter chapter NN 34823 9251 37 . . . 34823 9252 1 These these DT 34823 9252 2 these these DT 34823 9252 3 s s NNS 34823 9252 4 , , , 34823 9252 5 therefore therefore RB 34823 9252 6 , , , 34823 9252 7 do do VBP 34823 9252 8 not not RB 34823 9252 9 give give VB 34823 9252 10 the the DT 34823 9252 11 substance substance NN 34823 9252 12 of of IN 34823 9252 13 the the DT 34823 9252 14 social social JJ 34823 9252 15 value value NN 34823 9252 16 theory theory NN 34823 9252 17 . . . 34823 9253 1 [ [ -LRB- 34823 9253 2 455 455 CD 34823 9253 3 ] ] -RRB- 34823 9253 4 Menger Menger NNP 34823 9253 5 , , , 34823 9253 6 " " `` 34823 9253 7 Geld Geld NNP 34823 9253 8 , , , 34823 9253 9 " " '' 34823 9253 10 _ _ NNP 34823 9253 11 Handwörterbuch Handwörterbuch NNP 34823 9253 12 der der NN 34823 9253 13 Staatswissenschaften Staatswissenschaften NNP 34823 9253 14 _ _ NNP 34823 9253 15 ; ; : 34823 9253 16 Carlile Carlile NNP 34823 9253 17 , , , 34823 9253 18 _ _ NNP 34823 9253 19 Evolution Evolution NNP 34823 9253 20 of of IN 34823 9253 21 Modern Modern NNP 34823 9253 22 Money Money NNP 34823 9253 23 _ _ NNP 34823 9253 24 . . . 34823 9254 1 [ [ -LRB- 34823 9254 2 456 456 CD 34823 9254 3 ] ] -RRB- 34823 9254 4 We -PRON- PRP 34823 9254 5 should should MD 34823 9254 6 make make VB 34823 9254 7 a a DT 34823 9254 8 slight slight JJ 34823 9254 9 and and CC 34823 9254 10 unimportant unimportant JJ 34823 9254 11 qualification qualification NN 34823 9254 12 as as IN 34823 9254 13 to to IN 34823 9254 14 Kemmerer Kemmerer NNP 34823 9254 15 . . . 34823 9255 1 _ _ NNP 34823 9255 2 Cf Cf NNP 34823 9255 3 . . . 34823 9255 4 _ _ NNP 34823 9255 5 our -PRON- PRP$ 34823 9255 6 chapter chapter NN 34823 9255 7 on on IN 34823 9255 8 " " `` 34823 9255 9 Dodo Dodo NNP 34823 9255 10 - - HYPH 34823 9255 11 Bones bone NNS 34823 9255 12 , , , 34823 9255 13 " " '' 34823 9255 14 _ _ NNP 34823 9255 15 supra supra NNP 34823 9255 16 _ _ NNP 34823 9255 17 . . . 34823 9256 1 [ [ -LRB- 34823 9256 2 457 457 CD 34823 9256 3 ] ] -RRB- 34823 9256 4 It -PRON- PRP 34823 9256 5 seems seem VBZ 34823 9256 6 necessary necessary JJ 34823 9256 7 to to TO 34823 9256 8 point point VB 34823 9256 9 out out RP 34823 9256 10 this this DT 34823 9256 11 essential essential JJ 34823 9256 12 lack lack NN 34823 9256 13 of of IN 34823 9256 14 correlation correlation NN 34823 9256 15 between between IN 34823 9256 16 value value NN 34823 9256 17 and and CC 34823 9256 18 exchangeability exchangeability NN 34823 9256 19 , , , 34823 9256 20 since since IN 34823 9256 21 Mr. Mr. NNP 34823 9256 22 Horace Horace NNP 34823 9256 23 White White NNP 34823 9256 24 , , , 34823 9256 25 in in IN 34823 9256 26 his -PRON- PRP$ 34823 9256 27 _ _ NNP 34823 9256 28 Money Money NNP 34823 9256 29 and and CC 34823 9256 30 Banking Banking NNP 34823 9256 31 _ _ NNP 34823 9256 32 ( ( -LRB- 34823 9256 33 5th 5th NNP 34823 9256 34 ed ed NNP 34823 9256 35 . . NNP 34823 9256 36 , , , 34823 9256 37 p. p. NN 34823 9256 38 135 135 CD 34823 9256 39 ) ) -RRB- 34823 9256 40 , , , 34823 9256 41 identifies identifies NNP 34823 9256 42 value value NN 34823 9256 43 and and CC 34823 9256 44 exchangeability exchangeability NN 34823 9256 45 : : : 34823 9256 46 " " `` 34823 9256 47 Value value NN 34823 9256 48 is be VBZ 34823 9256 49 an an DT 34823 9256 50 ideal ideal JJ 34823 9256 51 thing thing NN 34823 9256 52 in in IN 34823 9256 53 the the DT 34823 9256 54 same same JJ 34823 9256 55 sense sense NN 34823 9256 56 that that IN 34823 9256 57 weight weight NN 34823 9256 58 is be VBZ 34823 9256 59 . . . 34823 9257 1 The the DT 34823 9257 2 former former JJ 34823 9257 3 means mean VBZ 34823 9257 4 exchangeability exchangeability NN 34823 9257 5 ; ; : 34823 9257 6 the the DT 34823 9257 7 latter latter JJ 34823 9257 8 means mean VBZ 34823 9257 9 force force NN 34823 9257 10 of of IN 34823 9257 11 gravity gravity NN 34823 9257 12 . . . 34823 9258 1 A a DT 34823 9258 2 dollar dollar NN 34823 9258 3 is be VBZ 34823 9258 4 a a DT 34823 9258 5 definite definite JJ 34823 9258 6 amount amount NN 34823 9258 7 of of IN 34823 9258 8 exchangeability exchangeability NN 34823 9258 9 . . . 34823 9258 10 " " '' 34823 9259 1 _ _ NNP 34823 9259 2 Cf Cf NNP 34823 9259 3 . . . 34823 9259 4 _ _ NNP 34823 9259 5 also also RB 34823 9259 6 Amasa Amasa NNP 34823 9259 7 Walker Walker NNP 34823 9259 8 's 's POS 34823 9259 9 contention contention NN 34823 9259 10 that that IN 34823 9259 11 " " `` 34823 9259 12 exchangeable exchangeable JJ 34823 9259 13 value value NN 34823 9259 14 " " '' 34823 9259 15 is be VBZ 34823 9259 16 tautology tautology NN 34823 9259 17 , , , 34823 9259 18 equivalent equivalent JJ 34823 9259 19 to to IN 34823 9259 20 " " `` 34823 9259 21 exchangeable exchangeable JJ 34823 9259 22 exchangeability exchangeability NN 34823 9259 23 ! ! . 34823 9259 24 " " '' 34823 9260 1 _ _ NNP 34823 9260 2 Science Science NNP 34823 9260 3 of of IN 34823 9260 4 Wealth Wealth NNP 34823 9260 5 _ _ NNP 34823 9260 6 , , , 34823 9260 7 5th 5th JJ 34823 9260 8 ed ed NNP 34823 9260 9 . . NNP 34823 9260 10 , , , 34823 9260 11 p. p. NN 34823 9260 12 9 9 CD 34823 9260 13 . . . 34823 9261 1 _ _ NNP 34823 9261 2 Cf Cf NNP 34823 9261 3 . . . 34823 9261 4 _ _ IN 34823 9261 5 my -PRON- PRP$ 34823 9261 6 article article NN 34823 9261 7 " " `` 34823 9261 8 The the DT 34823 9261 9 Concept Concept NNP 34823 9261 10 of of IN 34823 9261 11 Value Value NNP 34823 9261 12 Further further RB 34823 9261 13 Considered consider VBN 34823 9261 14 , , , 34823 9261 15 " " '' 34823 9261 16 _ _ NNP 34823 9261 17 Quart Quart NNP 34823 9261 18 . . . 34823 9262 1 Jour Jour NNP 34823 9262 2 . . . 34823 9263 1 of of IN 34823 9263 2 Econ Econ NNP 34823 9263 3 . . . 34823 9263 4 _ _ NNP 34823 9263 5 , , , 34823 9263 6 Aug. August NNP 34823 9263 7 1915 1915 CD 34823 9263 8 , , , 34823 9263 9 pp pp NNP 34823 9263 10 . . . 34823 9264 1 696 696 CD 34823 9264 2 _ _ NNP 34823 9264 3 et et NNP 34823 9264 4 seq seq NN 34823 9264 5 . . . 34823 9264 6 _ _ NNP 34823 9264 7 [ [ -LRB- 34823 9264 8 458 458 CD 34823 9264 9 ] ] -RRB- 34823 9264 10 This this DT 34823 9264 11 is be VBZ 34823 9264 12 stated state VBN 34823 9264 13 by by IN 34823 9264 14 Schumpeter Schumpeter NNP 34823 9264 15 , , , 34823 9264 16 so so RB 34823 9264 17 far far RB 34823 9264 18 as as IN 34823 9264 19 land land NN 34823 9264 20 is be VBZ 34823 9264 21 concerned concern VBN 34823 9264 22 . . . 34823 9265 1 _ _ NNP 34823 9265 2 Vide Vide NNP 34823 9265 3 Quarterly Quarterly NNP 34823 9265 4 Journal Journal NNP 34823 9265 5 of of IN 34823 9265 6 Economics Economics NNP 34823 9265 7 _ _ NNP 34823 9265 8 , , , 34823 9265 9 Aug. August NNP 34823 9265 10 1915 1915 CD 34823 9265 11 , , , 34823 9265 12 p. p. NN 34823 9265 13 704 704 CD 34823 9265 14 . . . 34823 9266 1 It -PRON- PRP 34823 9266 2 is be VBZ 34823 9266 3 due due JJ 34823 9266 4 Menger Menger NNP 34823 9266 5 to to TO 34823 9266 6 point point VB 34823 9266 7 out out RP 34823 9266 8 that that IN 34823 9266 9 he -PRON- PRP 34823 9266 10 does do VBZ 34823 9266 11 not not RB 34823 9266 12 make make VB 34823 9266 13 the the DT 34823 9266 14 distinction distinction NN 34823 9266 15 between between IN 34823 9266 16 value value NN 34823 9266 17 and and CC 34823 9266 18 exchangeability exchangeability NN 34823 9266 19 which which WDT 34823 9266 20 I -PRON- PRP 34823 9266 21 have have VBP 34823 9266 22 just just RB 34823 9266 23 made make VBN 34823 9266 24 . . . 34823 9267 1 His -PRON- PRP$ 34823 9267 2 theory theory NN 34823 9267 3 rests rest VBZ 34823 9267 4 in in IN 34823 9267 5 an an DT 34823 9267 6 analysis analysis NN 34823 9267 7 of of IN 34823 9267 8 the the DT 34823 9267 9 saleability saleability NN 34823 9267 10 or or CC 34823 9267 11 exchangeability exchangeability NN 34823 9267 12 of of IN 34823 9267 13 goods good NNS 34823 9267 14 . . . 34823 9268 1 But but CC 34823 9268 2 Menger Menger NNP 34823 9268 3 's 's POS 34823 9268 4 conception conception NN 34823 9268 5 of of IN 34823 9268 6 value value NN 34823 9268 7 is be VBZ 34823 9268 8 essentially essentially RB 34823 9268 9 different different JJ 34823 9268 10 from from IN 34823 9268 11 my -PRON- PRP$ 34823 9268 12 own own JJ 34823 9268 13 . . . 34823 9269 1 He -PRON- PRP 34823 9269 2 commonly commonly RB 34823 9269 3 means mean VBZ 34823 9269 4 by by IN 34823 9269 5 " " `` 34823 9269 6 _ _ NNP 34823 9269 7 Wert Wert NNP 34823 9269 8 _ _ NNP 34823 9269 9 " " `` 34823 9269 10 merely merely RB 34823 9269 11 subjective subjective JJ 34823 9269 12 value value NN 34823 9269 13 , , , 34823 9269 14 or or CC 34823 9269 15 marginal marginal JJ 34823 9269 16 utility utility NN 34823 9269 17 . . . 34823 9270 1 He -PRON- PRP 34823 9270 2 objects object VBZ 34823 9270 3 to to IN 34823 9270 4 the the DT 34823 9270 5 notion notion NN 34823 9270 6 that that IN 34823 9270 7 one one CD 34823 9270 8 good good JJ 34823 9270 9 measures measure NNS 34823 9270 10 the the DT 34823 9270 11 value value NN 34823 9270 12 of of IN 34823 9270 13 another another DT 34823 9270 14 , , , 34823 9270 15 or or CC 34823 9270 16 that that IN 34823 9270 17 goods good NNS 34823 9270 18 , , , 34823 9270 19 when when WRB 34823 9270 20 exchanged exchange VBN 34823 9270 21 , , , 34823 9270 22 are be VBP 34823 9270 23 equivalent equivalent JJ 34823 9270 24 in in IN 34823 9270 25 value value NN 34823 9270 26 , , , 34823 9270 27 on on IN 34823 9270 28 the the DT 34823 9270 29 ground ground NN 34823 9270 30 that that IN 34823 9270 31 there there EX 34823 9270 32 must must MD 34823 9270 33 be be VB 34823 9270 34 a a DT 34823 9270 35 surplus surplus NN 34823 9270 36 in in IN 34823 9270 37 value value NN 34823 9270 38 ( ( -LRB- 34823 9270 39 subjective subjective JJ 34823 9270 40 value value NN 34823 9270 41 ) ) -RRB- 34823 9270 42 for for IN 34823 9270 43 each each DT 34823 9270 44 exchanger exchanger JJ 34823 9270 45 , , , 34823 9270 46 or or CC 34823 9270 47 exchange exchange NN 34823 9270 48 would would MD 34823 9270 49 not not RB 34823 9270 50 take take VB 34823 9270 51 place place NN 34823 9270 52 . . . 34823 9271 1 He -PRON- PRP 34823 9271 2 has have VBZ 34823 9271 3 , , , 34823 9271 4 as as IN 34823 9271 5 a a DT 34823 9271 6 primary primary JJ 34823 9271 7 concept concept NN 34823 9271 8 , , , 34823 9271 9 no no DT 34823 9271 10 absolute absolute JJ 34823 9271 11 social social JJ 34823 9271 12 value value NN 34823 9271 13 . . . 34823 9272 1 " " `` 34823 9272 2 _ _ NNP 34823 9272 3 Tauschwert Tauschwert NNP 34823 9272 4 _ _ NNP 34823 9272 5 " " `` 34823 9272 6 is be VBZ 34823 9272 7 for for IN 34823 9272 8 him -PRON- PRP 34823 9272 9 a a DT 34823 9272 10 relative relative JJ 34823 9272 11 value value NN 34823 9272 12 , , , 34823 9272 13 though though IN 34823 9272 14 he -PRON- PRP 34823 9272 15 is be VBZ 34823 9272 16 finally finally RB 34823 9272 17 driven drive VBN 34823 9272 18 to to IN 34823 9272 19 constructing construct VBG 34823 9272 20 what what WP 34823 9272 21 is be VBZ 34823 9272 22 virtually virtually RB 34823 9272 23 an an DT 34823 9272 24 absolute absolute JJ 34823 9272 25 value value NN 34823 9272 26 notion notion NN 34823 9272 27 , , , 34823 9272 28 by by IN 34823 9272 29 distinguishing distinguish VBG 34823 9272 30 " " '' 34823 9272 31 _ _ NNP 34823 9272 32 äusserer äusserer NN 34823 9272 33 Tauschwert Tauschwert NNP 34823 9272 34 _ _ NNP 34823 9272 35 " " '' 34823 9272 36 from from IN 34823 9272 37 " " `` 34823 9272 38 _ _ NNP 34823 9272 39 innerer innerer NN 34823 9272 40 Tauschwert Tauschwert NNP 34823 9272 41 _ _ NNP 34823 9272 42 " " '' 34823 9272 43 in in IN 34823 9272 44 the the DT 34823 9272 45 case case NN 34823 9272 46 of of IN 34823 9272 47 money money NN 34823 9272 48 , , , 34823 9272 49 the the DT 34823 9272 50 latter latter JJ 34823 9272 51 being be VBG 34823 9272 52 concerned concern VBN 34823 9272 53 exclusively exclusively RB 34823 9272 54 with with IN 34823 9272 55 the the DT 34823 9272 56 causes cause NNS 34823 9272 57 affecting affect VBG 34823 9272 58 prices price NNS 34823 9272 59 _ _ NNP 34823 9272 60 from from IN 34823 9272 61 the the DT 34823 9272 62 side side NN 34823 9272 63 _ _ NNP 34823 9272 64 of of IN 34823 9272 65 money money NN 34823 9272 66 , , , 34823 9272 67 ignoring ignore VBG 34823 9272 68 changes change NNS 34823 9272 69 in in IN 34823 9272 70 prices price NNS 34823 9272 71 due due IN 34823 9272 72 to to IN 34823 9272 73 causes cause NNS 34823 9272 74 affecting affect VBG 34823 9272 75 goods good NNS 34823 9272 76 . . . 34823 9273 1 ( ( -LRB- 34823 9273 2 _ _ NNP 34823 9273 3 Cf Cf NNP 34823 9273 4 . . . 34823 9273 5 _ _ NNP 34823 9273 6 art art NN 34823 9273 7 . . . 34823 9274 1 " " `` 34823 9274 2 Geld Geld NNP 34823 9274 3 , , , 34823 9274 4 " " '' 34823 9274 5 in in IN 34823 9274 6 _ _ NNP 34823 9274 7 Handwörterbuch Handwörterbuch NNP 34823 9274 8 der der NN 34823 9274 9 Staatswissenschaften Staatswissenschaften NNP 34823 9274 10 _ _ NNP 34823 9274 11 , , , 34823 9274 12 3d 3d NNP 34823 9274 13 ed ed NNP 34823 9274 14 . . NNP 34823 9274 15 , , , 34823 9274 16 pp pp NNP 34823 9274 17 . . . 34823 9275 1 592 592 CD 34823 9275 2 - - SYM 34823 9275 3 593 593 CD 34823 9275 4 . . . 34823 9276 1 He -PRON- PRP 34823 9276 2 does do VBZ 34823 9276 3 not not RB 34823 9276 4 make make VB 34823 9276 5 this this DT 34823 9276 6 distinction distinction NN 34823 9276 7 in in IN 34823 9276 8 developing develop VBG 34823 9276 9 the the DT 34823 9276 10 theory theory NN 34823 9276 11 of of IN 34823 9276 12 saleability saleability NN 34823 9276 13 of of IN 34823 9276 14 goods good NNS 34823 9276 15 , , , 34823 9276 16 however however RB 34823 9276 17 . . . 34823 9277 1 _ _ NNP 34823 9277 2 Cf Cf NNP 34823 9277 3 . . . 34823 9277 4 _ _ NNP 34823 9277 5 the the DT 34823 9277 6 chapter chapter NN 34823 9277 7 , , , 34823 9277 8 _ _ NNP 34823 9277 9 supra supra NNP 34823 9277 10 _ _ NNP 34823 9277 11 , , , 34823 9277 12 on on IN 34823 9277 13 " " `` 34823 9277 14 Marginal Marginal NNP 34823 9277 15 Utility Utility NNP 34823 9277 16 and and CC 34823 9277 17 the the DT 34823 9277 18 Value Value NNP 34823 9277 19 of of IN 34823 9277 20 Money money NN 34823 9277 21 . . . 34823 9277 22 " " '' 34823 9278 1 It -PRON- PRP 34823 9278 2 is be VBZ 34823 9278 3 absolute absolute JJ 34823 9278 4 social social JJ 34823 9278 5 value value NN 34823 9278 6 which which WDT 34823 9278 7 I -PRON- PRP 34823 9278 8 am be VBP 34823 9278 9 here here RB 34823 9278 10 distinguishing distinguish VBG 34823 9278 11 from from IN 34823 9278 12 exchangeability exchangeability NN 34823 9278 13 . . . 34823 9279 1 It -PRON- PRP 34823 9279 2 is be VBZ 34823 9279 3 equally equally RB 34823 9279 4 true true JJ 34823 9279 5 , , , 34823 9279 6 however however RB 34823 9279 7 , , , 34823 9279 8 that that IN 34823 9279 9 subjective subjective JJ 34823 9279 10 value value NN 34823 9279 11 and and CC 34823 9279 12 exchangeability exchangeability NN 34823 9279 13 have have VBP 34823 9279 14 no no DT 34823 9279 15 necessary necessary JJ 34823 9279 16 correlation correlation NN 34823 9279 17 . . . 34823 9279 18 ) ) -RRB- 34823 9280 1 [ [ -LRB- 34823 9280 2 459 459 CD 34823 9280 3 ] ] -RRB- 34823 9280 4 _ _ NNP 34823 9280 5 Cf Cf NNP 34823 9280 6 . . . 34823 9280 7 _ _ NNP 34823 9280 8 A. a. NN 34823 9280 9 S. S. NNP 34823 9280 10 Johnson Johnson NNP 34823 9280 11 , , , 34823 9280 12 " " `` 34823 9280 13 Davenport Davenport NNP 34823 9280 14 's 's POS 34823 9280 15 Competitive Competitive NNP 34823 9280 16 Economics Economics NNP 34823 9280 17 , , , 34823 9280 18 " " '' 34823 9280 19 _ _ NNP 34823 9280 20 Quart Quart NNP 34823 9280 21 . . . 34823 9281 1 Jour Jour NNP 34823 9281 2 . . . 34823 9282 1 of of IN 34823 9282 2 Econ Econ NNP 34823 9282 3 . . . 34823 9282 4 _ _ NNP 34823 9282 5 , , , 34823 9282 6 May May NNP 34823 9282 7 , , , 34823 9282 8 1914 1914 CD 34823 9282 9 , , , 34823 9282 10 p. p. NN 34823 9282 11 431 431 CD 34823 9282 12 . . . 34823 9283 1 [ [ -LRB- 34823 9283 2 460 460 CD 34823 9283 3 ] ] -RRB- 34823 9283 4 The the DT 34823 9283 5 man man NN 34823 9283 6 who who WP 34823 9283 7 wishes wish VBZ 34823 9283 8 to to TO 34823 9283 9 " " `` 34823 9283 10 break break VB 34823 9283 11 " " '' 34823 9283 12 a a DT 34823 9283 13 twenty twenty CD 34823 9283 14 dollar dollar NN 34823 9283 15 bill bill NN 34823 9283 16 may may MD 34823 9283 17 well well RB 34823 9283 18 have have VB 34823 9283 19 to to TO 34823 9283 20 go go VB 34823 9283 21 through through IN 34823 9283 22 Menger Menger NNP 34823 9283 23 's 's POS 34823 9283 24 process process NN 34823 9283 25 , , , 34823 9283 26 getting get VBG 34823 9283 27 two two CD 34823 9283 28 tens ten NNS 34823 9283 29 from from IN 34823 9283 30 one one CD 34823 9283 31 man man NN 34823 9283 32 , , , 34823 9283 33 breaking break VBG 34823 9283 34 one one CD 34823 9283 35 of of IN 34823 9283 36 these these DT 34823 9283 37 into into IN 34823 9283 38 two two CD 34823 9283 39 fives five NNS 34823 9283 40 with with IN 34823 9283 41 another another DT 34823 9283 42 , , , 34823 9283 43 and and CC 34823 9283 44 so so RB 34823 9283 45 on on RB 34823 9283 46 . . . 34823 9284 1 Or or CC 34823 9284 2 he -PRON- PRP 34823 9284 3 may may MD 34823 9284 4 have have VB 34823 9284 5 to to TO 34823 9284 6 buy buy VB 34823 9284 7 something something NN 34823 9284 8 which which WDT 34823 9284 9 he -PRON- PRP 34823 9284 10 does do VBZ 34823 9284 11 not not RB 34823 9284 12 want want VB 34823 9284 13 to to TO 34823 9284 14 get get VB 34823 9284 15 " " `` 34823 9284 16 change change NN 34823 9284 17 . . . 34823 9284 18 " " '' 34823 9285 1 [ [ -LRB- 34823 9285 2 461 461 CD 34823 9285 3 ] ] -RRB- 34823 9285 4 Ridgeway Ridgeway NNP 34823 9285 5 , , , 34823 9285 6 _ _ NNP 34823 9285 7 Origin Origin NNP 34823 9285 8 of of IN 34823 9285 9 Metallic Metallic NNP 34823 9285 10 Currency Currency NNP 34823 9285 11 _ _ NNP 34823 9285 12 , , , 34823 9285 13 p. p. NN 34823 9285 14 327 327 CD 34823 9285 15 ; ; : 34823 9285 16 Carlile Carlile NNP 34823 9285 17 , , , 34823 9285 18 _ _ NNP 34823 9285 19 Evolution Evolution NNP 34823 9285 20 of of IN 34823 9285 21 Modern Modern NNP 34823 9285 22 Money Money NNP 34823 9285 23 _ _ NNP 34823 9285 24 , , , 34823 9285 25 p. p. NN 34823 9285 26 233 233 CD 34823 9285 27 . . . 34823 9286 1 Grain grain NN 34823 9286 2 is be VBZ 34823 9286 3 said say VBN 34823 9286 4 to to TO 34823 9286 5 have have VB 34823 9286 6 been be VBN 34823 9286 7 used use VBN 34823 9286 8 in in IN 34823 9286 9 ancient ancient JJ 34823 9286 10 China China NNP 34823 9286 11 as as IN 34823 9286 12 money,--not money,--not NNP 34823 9286 13 as as IN 34823 9286 14 a a DT 34823 9286 15 standard standard NN 34823 9286 16 of of IN 34823 9286 17 value value NN 34823 9286 18 , , , 34823 9286 19 but but CC 34823 9286 20 as as IN 34823 9286 21 a a DT 34823 9286 22 medium medium NN 34823 9286 23 of of IN 34823 9286 24 exchange exchange NN 34823 9286 25 . . . 34823 9287 1 Chen Chen NNP 34823 9287 2 Huan Huan NNP 34823 9287 3 Chang Chang NNP 34823 9287 4 , , , 34823 9287 5 _ _ NNP 34823 9287 6 Economic Economic NNP 34823 9287 7 Principles Principles NNPS 34823 9287 8 of of IN 34823 9287 9 Confucius Confucius NNP 34823 9287 10 and and CC 34823 9287 11 his -PRON- PRP$ 34823 9287 12 School School NNP 34823 9287 13 _ _ NNP 34823 9287 14 , , , 34823 9287 15 vol vol NNP 34823 9287 16 . . . 34823 9288 1 II II NNP 34823 9288 2 , , , 34823 9288 3 p. p. NN 34823 9288 4 437 437 CD 34823 9288 5 . . . 34823 9289 1 [ [ -LRB- 34823 9289 2 462 462 CD 34823 9289 3 ] ] -RRB- 34823 9289 4 Written write VBN 34823 9289 5 in in IN 34823 9289 6 1914 1914 CD 34823 9289 7 . . . 34823 9290 1 [ [ -LRB- 34823 9290 2 463 463 CD 34823 9290 3 ] ] -RRB- 34823 9290 4 The the DT 34823 9290 5 Hindu Hindu NNP 34823 9290 6 law law NN 34823 9290 7 of of IN 34823 9290 8 inheritance inheritance NN 34823 9290 9 is be VBZ 34823 9290 10 a a DT 34823 9290 11 factor factor NN 34823 9290 12 here here RB 34823 9290 13 . . . 34823 9291 1 The the DT 34823 9291 2 Hindu Hindu NNP 34823 9291 3 woman woman NN 34823 9291 4 may may MD 34823 9291 5 retain retain VB 34823 9291 6 , , , 34823 9291 7 after after IN 34823 9291 8 the the DT 34823 9291 9 death death NN 34823 9291 10 of of IN 34823 9291 11 her -PRON- PRP$ 34823 9291 12 husband husband NN 34823 9291 13 , , , 34823 9291 14 father father NN 34823 9291 15 or or CC 34823 9291 16 brother brother NN 34823 9291 17 , , , 34823 9291 18 the the DT 34823 9291 19 ornaments ornament NNS 34823 9291 20 he -PRON- PRP 34823 9291 21 has have VBZ 34823 9291 22 given give VBN 34823 9291 23 her -PRON- PRP 34823 9291 24 during during IN 34823 9291 25 his -PRON- PRP$ 34823 9291 26 lifetime lifetime NN 34823 9291 27 . . . 34823 9292 1 But but CC 34823 9292 2 all all DT 34823 9292 3 of of IN 34823 9292 4 the the DT 34823 9292 5 rest rest NN 34823 9292 6 of of IN 34823 9292 7 the the DT 34823 9292 8 family family NN 34823 9292 9 property property NN 34823 9292 10 must must MD 34823 9292 11 go go VB 34823 9292 12 to to IN 34823 9292 13 male male JJ 34823 9292 14 heirs heir NNS 34823 9292 15 , , , 34823 9292 16 even even RB 34823 9292 17 remote remote JJ 34823 9292 18 male male JJ 34823 9292 19 heirs heir NNS 34823 9292 20 coming come VBG 34823 9292 21 in in RP 34823 9292 22 before before IN 34823 9292 23 the the DT 34823 9292 24 closest close JJS 34823 9292 25 female female JJ 34823 9292 26 relatives relative NNS 34823 9292 27 . . . 34823 9293 1 [ [ -LRB- 34823 9293 2 464 464 CD 34823 9293 3 ] ] -RRB- 34823 9293 4 _ _ NNP 34823 9293 5 Cf Cf NNP 34823 9293 6 . . . 34823 9293 7 _ _ NNP 34823 9293 8 Carlile Carlile NNP 34823 9293 9 , , , 34823 9293 10 _ _ NNP 34823 9293 11 Monetary Monetary NNP 34823 9293 12 Economics Economics NNP 34823 9293 13 _ _ NNP 34823 9293 14 , , , 34823 9293 15 introductory introductory JJ 34823 9293 16 chapter chapter NN 34823 9293 17 . . . 34823 9294 1 The the DT 34823 9294 2 whole whole JJ 34823 9294 3 question question NN 34823 9294 4 may may MD 34823 9294 5 hinge hinge VB 34823 9294 6 on on IN 34823 9294 7 terminology terminology NN 34823 9294 8 , , , 34823 9294 9 so so RB 34823 9294 10 far far RB 34823 9294 11 as as IN 34823 9294 12 Carlile Carlile NNP 34823 9294 13 is be VBZ 34823 9294 14 concerned concern VBN 34823 9294 15 . . . 34823 9295 1 It -PRON- PRP 34823 9295 2 is be VBZ 34823 9295 3 not not RB 34823 9295 4 clear clear JJ 34823 9295 5 what what WP 34823 9295 6 he -PRON- PRP 34823 9295 7 means mean VBZ 34823 9295 8 by by IN 34823 9295 9 " " `` 34823 9295 10 value value NN 34823 9295 11 of of IN 34823 9295 12 gold gold NN 34823 9295 13 . . . 34823 9295 14 " " '' 34823 9296 1 [ [ -LRB- 34823 9296 2 465 465 CD 34823 9296 3 ] ] -RRB- 34823 9296 4 _ _ NNP 34823 9296 5 Cf Cf NNP 34823 9296 6 . . . 34823 9296 7 _ _ NNP 34823 9296 8 Conant Conant NNP 34823 9296 9 , , , 34823 9296 10 _ _ NNP 34823 9296 11 Principles Principles NNPS 34823 9296 12 of of IN 34823 9296 13 Money Money NNP 34823 9296 14 and and CC 34823 9296 15 Banking Banking NNP 34823 9296 16 _ _ NNP 34823 9296 17 , , , 34823 9296 18 I -PRON- PRP 34823 9296 19 , , , 34823 9296 20 ch ch NN 34823 9296 21 . . . 34823 9297 1 7 7 LS 34823 9297 2 , , , 34823 9297 3 esp esp RB 34823 9297 4 . . . 34823 9298 1 p. p. NN 34823 9298 2 102 102 CD 34823 9298 3 . . . 34823 9299 1 [ [ -LRB- 34823 9299 2 466 466 CD 34823 9299 3 ] ] -RRB- 34823 9299 4 I -PRON- PRP 34823 9299 5 do do VBP 34823 9299 6 not not RB 34823 9299 7 believe believe VB 34823 9299 8 that that IN 34823 9299 9 we -PRON- PRP 34823 9299 10 have have VBP 34823 9299 11 sufficient sufficient JJ 34823 9299 12 agreement agreement NN 34823 9299 13 among among IN 34823 9299 14 the the DT 34823 9299 15 best good JJS 34823 9299 16 students student NNS 34823 9299 17 of of IN 34823 9299 18 the the DT 34823 9299 19 statistics statistic NNS 34823 9299 20 of of IN 34823 9299 21 the the DT 34823 9299 22 precious precious JJ 34823 9299 23 metals metal NNS 34823 9299 24 to to TO 34823 9299 25 justify justify VB 34823 9299 26 any any DT 34823 9299 27 statistical statistical JJ 34823 9299 28 conclusions conclusion NNS 34823 9299 29 regarding regard VBG 34823 9299 30 the the DT 34823 9299 31 laws law NNS 34823 9299 32 governing govern VBG 34823 9299 33 the the DT 34823 9299 34 industrial industrial JJ 34823 9299 35 consumption consumption NN 34823 9299 36 of of IN 34823 9299 37 gold gold NN 34823 9299 38 and and CC 34823 9299 39 silver silver NN 34823 9299 40 . . . 34823 9300 1 Even even RB 34823 9300 2 the the DT 34823 9300 3 facts fact NNS 34823 9300 4 as as IN 34823 9300 5 to to IN 34823 9300 6 the the DT 34823 9300 7 proportions proportion NNS 34823 9300 8 of of IN 34823 9300 9 annual annual JJ 34823 9300 10 production production NN 34823 9300 11 of of IN 34823 9300 12 gold gold NN 34823 9300 13 in in IN 34823 9300 14 recent recent JJ 34823 9300 15 years year NNS 34823 9300 16 going go VBG 34823 9300 17 to to TO 34823 9300 18 money money NN 34823 9300 19 and and CC 34823 9300 20 to to IN 34823 9300 21 the the DT 34823 9300 22 arts art NNS 34823 9300 23 are be VBP 34823 9300 24 in in IN 34823 9300 25 dispute dispute NN 34823 9300 26 . . . 34823 9301 1 Thus thus RB 34823 9301 2 , , , 34823 9301 3 DeLaunay DeLaunay NNP 34823 9301 4 ( ( -LRB- 34823 9301 5 _ _ NNP 34823 9301 6 The the DT 34823 9301 7 World World NNP 34823 9301 8 's 's POS 34823 9301 9 Gold Gold NNP 34823 9301 10 _ _ NNP 34823 9301 11 , , , 34823 9301 12 New New NNP 34823 9301 13 York York NNP 34823 9301 14 , , , 34823 9301 15 1908 1908 CD 34823 9301 16 , , , 34823 9301 17 p. p. NN 34823 9301 18 176 176 CD 34823 9301 19 ) ) -RRB- 34823 9301 20 , , , 34823 9301 21 divides divide VBZ 34823 9301 22 the the DT 34823 9301 23 annual annual JJ 34823 9301 24 output output NN 34823 9301 25 as as IN 34823 9301 26 follows follow VBZ 34823 9301 27 : : : 34823 9301 28 Exportation exportation NN 34823 9301 29 to to IN 34823 9301 30 the the DT 34823 9301 31 East East NNP 34823 9301 32 , , , 34823 9301 33 and and CC 34823 9301 34 loss loss NN 34823 9301 35 , , , 34823 9301 36 16 16 CD 34823 9301 37 % % NN 34823 9301 38 ; ; : 34823 9301 39 coinage coinage NN 34823 9301 40 , , , 34823 9301 41 44 44 CD 34823 9301 42 % % NN 34823 9301 43 ; ; , 34823 9301 44 industry industry NN 34823 9301 45 , , , 34823 9301 46 40 40 CD 34823 9301 47 % % NN 34823 9301 48 . . . 34823 9302 1 The the DT 34823 9302 2 industrial industrial JJ 34823 9302 3 employments employment NNS 34823 9302 4 are be VBP 34823 9302 5 divided divide VBN 34823 9302 6 as as IN 34823 9302 7 follows follow VBZ 34823 9302 8 : : : 34823 9302 9 jewelry jewelry NN 34823 9302 10 , , , 34823 9302 11 24 24 CD 34823 9302 12 % % NN 34823 9302 13 ( ( -LRB- 34823 9302 14 of of IN 34823 9302 15 total total JJ 34823 9302 16 annual annual JJ 34823 9302 17 gold gold NN 34823 9302 18 production production NN 34823 9302 19 ) ) -RRB- 34823 9302 20 ; ; : 34823 9302 21 watch watch VB 34823 9302 22 cases case NNS 34823 9302 23 , , , 34823 9302 24 10 10 CD 34823 9302 25 % % NN 34823 9302 26 ; ; , 34823 9302 27 gold gold NN 34823 9302 28 leaf leaf NN 34823 9302 29 , , , 34823 9302 30 2.25 2.25 CD 34823 9302 31 % % NN 34823 9302 32 ; ; : 34823 9302 33 watch watch NN 34823 9302 34 chains chain NNS 34823 9302 35 , , , 34823 9302 36 1.75 1.75 CD 34823 9302 37 % % NN 34823 9302 38 ; ; : 34823 9302 39 plate plate NN 34823 9302 40 , , , 34823 9302 41 0.75 0.75 CD 34823 9302 42 % % NN 34823 9302 43 ; ; , 34823 9302 44 various various JJ 34823 9302 45 uses use NNS 34823 9302 46 , , , 34823 9302 47 as as IN 34823 9302 48 pens pen NNS 34823 9302 49 , , , 34823 9302 50 dentistry dentistry NN 34823 9302 51 , , , 34823 9302 52 chemical chemical NN 34823 9302 53 works work NNS 34823 9302 54 , , , 34823 9302 55 etc etc FW 34823 9302 56 . . FW 34823 9302 57 , , , 34823 9302 58 1.25 1.25 CD 34823 9302 59 % % NN 34823 9302 60 . . . 34823 9303 1 DeLaunay DeLaunay NNP 34823 9303 2 's 's POS 34823 9303 3 competence competence NN 34823 9303 4 as as IN 34823 9303 5 an an DT 34823 9303 6 authority authority NN 34823 9303 7 is be VBZ 34823 9303 8 attested attest VBN 34823 9303 9 by by IN 34823 9303 10 various various JJ 34823 9303 11 writers writer NNS 34823 9303 12 , , , 34823 9303 13 among among IN 34823 9303 14 them -PRON- PRP 34823 9303 15 W. W. NNP 34823 9303 16 C. C. NNP 34823 9303 17 Mitchell Mitchell NNP 34823 9303 18 ( ( -LRB- 34823 9303 19 _ _ NNP 34823 9303 20 Business Business NNP 34823 9303 21 Cycles Cycles NNPS 34823 9303 22 _ _ NNP 34823 9303 23 , , , 34823 9303 24 p. p. NN 34823 9303 25 281 281 CD 34823 9303 26 ) ) -RRB- 34823 9303 27 . . . 34823 9304 1 Mitchell Mitchell NNP 34823 9304 2 , , , 34823 9304 3 comparing compare VBG 34823 9304 4 DeLaunay DeLaunay NNP 34823 9304 5 's 's POS 34823 9304 6 estimates estimate NNS 34823 9304 7 with with IN 34823 9304 8 divergent divergent JJ 34823 9304 9 estimates estimate NNS 34823 9304 10 of of IN 34823 9304 11 other other JJ 34823 9304 12 authorities authority NNS 34823 9304 13 , , , 34823 9304 14 concludes conclude VBZ 34823 9304 15 that that IN 34823 9304 16 there there EX 34823 9304 17 is be VBZ 34823 9304 18 not not RB 34823 9304 19 sufficient sufficient JJ 34823 9304 20 evidence evidence NN 34823 9304 21 to to TO 34823 9304 22 justify justify VB 34823 9304 23 definite definite JJ 34823 9304 24 conclusions conclusion NNS 34823 9304 25 . . . 34823 9305 1 I -PRON- PRP 34823 9305 2 do do VBP 34823 9305 3 not not RB 34823 9305 4 think think VB 34823 9305 5 that that IN 34823 9305 6 anyone anyone NN 34823 9305 7 who who WP 34823 9305 8 has have VBZ 34823 9305 9 read read VBN 34823 9305 10 the the DT 34823 9305 11 criticisms criticism NNS 34823 9305 12 which which WDT 34823 9305 13 Touzet Touzet NNP 34823 9305 14 has have VBZ 34823 9305 15 brought bring VBN 34823 9305 16 together together RB 34823 9305 17 ( ( -LRB- 34823 9305 18 _ _ NNP 34823 9305 19 Emplois Emplois NNP 34823 9305 20 Industriels Industriels NNPS 34823 9305 21 des des NNP 34823 9305 22 Métaux Métaux NNP 34823 9305 23 Précieux Précieux NNP 34823 9305 24 _ _ NNP 34823 9305 25 , , , 34823 9305 26 Paris Paris NNP 34823 9305 27 , , , 34823 9305 28 1911 1911 CD 34823 9305 29 , , , 34823 9305 30 pp pp NNP 34823 9305 31 . . . 34823 9306 1 49 49 CD 34823 9306 2 - - SYM 34823 9306 3 52 52 CD 34823 9306 4 ) ) -RRB- 34823 9306 5 of of IN 34823 9306 6 the the DT 34823 9306 7 methods method NNS 34823 9306 8 employed employ VBN 34823 9306 9 in in IN 34823 9306 10 the the DT 34823 9306 11 investigations investigation NNS 34823 9306 12 by by IN 34823 9306 13 the the DT 34823 9306 14 Director Director NNP 34823 9306 15 of of IN 34823 9306 16 the the DT 34823 9306 17 United United NNP 34823 9306 18 States States NNP 34823 9306 19 Mint Mint NNP 34823 9306 20 in in IN 34823 9306 21 1879 1879 CD 34823 9306 22 , , , 34823 9306 23 1881 1881 CD 34823 9306 24 , , , 34823 9306 25 1884 1884 CD 34823 9306 26 , , , 34823 9306 27 1886 1886 CD 34823 9306 28 , , , 34823 9306 29 and and CC 34823 9306 30 1900 1900 CD 34823 9306 31 , , , 34823 9306 32 will will MD 34823 9306 33 have have VB 34823 9306 34 large large JJ 34823 9306 35 confidence confidence NN 34823 9306 36 in in IN 34823 9306 37 the the DT 34823 9306 38 exactness exactness NN 34823 9306 39 of of IN 34823 9306 40 the the DT 34823 9306 41 results result NNS 34823 9306 42 reached reach VBN 34823 9306 43 in in IN 34823 9306 44 those those DT 34823 9306 45 investigations investigation NNS 34823 9306 46 . . . 34823 9307 1 ( ( -LRB- 34823 9307 2 See see VB 34823 9307 3 annual annual JJ 34823 9307 4 reports report NNS 34823 9307 5 of of IN 34823 9307 6 the the DT 34823 9307 7 Director Director NNP 34823 9307 8 of of IN 34823 9307 9 the the DT 34823 9307 10 Mint Mint NNP 34823 9307 11 for for IN 34823 9307 12 the the DT 34823 9307 13 years year NNS 34823 9307 14 in in IN 34823 9307 15 question question NN 34823 9307 16 . . . 34823 9307 17 ) ) -RRB- 34823 9308 1 Touzet Touzet NNP 34823 9308 2 's 's POS 34823 9308 3 careful careful JJ 34823 9308 4 and and CC 34823 9308 5 elaborate elaborate JJ 34823 9308 6 study study NN 34823 9308 7 employs employ VBZ 34823 9308 8 the the DT 34823 9308 9 figures figure NNS 34823 9308 10 of of IN 34823 9308 11 these these DT 34823 9308 12 investigations investigation NNS 34823 9308 13 as as IN 34823 9308 14 the the DT 34823 9308 15 best well RBS 34823 9308 16 available available JJ 34823 9308 17 , , , 34823 9308 18 but but CC 34823 9308 19 with with IN 34823 9308 20 substantial substantial JJ 34823 9308 21 misgivings misgiving NNS 34823 9308 22 . . . 34823 9309 1 There there EX 34823 9309 2 are be VBP 34823 9309 3 many many JJ 34823 9309 4 indeterminate indeterminate JJ 34823 9309 5 elements element NNS 34823 9309 6 in in IN 34823 9309 7 the the DT 34823 9309 8 problem problem NN 34823 9309 9 , , , 34823 9309 10 as as IN 34823 9309 11 shown show VBN 34823 9309 12 by by IN 34823 9309 13 both both DT 34823 9309 14 Touzet Touzet NNP 34823 9309 15 and and CC 34823 9309 16 DeLaunay DeLaunay NNP 34823 9309 17 , , , 34823 9309 18 among among IN 34823 9309 19 them -PRON- PRP 34823 9309 20 , , , 34823 9309 21 the the DT 34823 9309 22 extent extent NN 34823 9309 23 to to TO 34823 9309 24 which which WDT 34823 9309 25 coin coin NN 34823 9309 26 is be VBZ 34823 9309 27 melted melt VBN 34823 9309 28 down down RP 34823 9309 29 for for IN 34823 9309 30 industrial industrial JJ 34823 9309 31 purposes purpose NNS 34823 9309 32 . . . 34823 9310 1 The the DT 34823 9310 2 Director Director NNP 34823 9310 3 of of IN 34823 9310 4 the the DT 34823 9310 5 Mint Mint NNP 34823 9310 6 would would MD 34823 9310 7 assign assign VB 34823 9310 8 a a DT 34823 9310 9 much much RB 34823 9310 10 higher high JJR 34823 9310 11 proportion proportion NN 34823 9310 12 of of IN 34823 9310 13 the the DT 34823 9310 14 annual annual JJ 34823 9310 15 output output NN 34823 9310 16 to to TO 34823 9310 17 coinage coinage VB 34823 9310 18 than than IN 34823 9310 19 would would MD 34823 9310 20 DeLaunay DeLaunay NNP 34823 9310 21 . . . 34823 9311 1 Earlier early JJR 34823 9311 2 studies study NNS 34823 9311 3 , , , 34823 9311 4 by by IN 34823 9311 5 Soetbeer Soetbeer NNP 34823 9311 6 and and CC 34823 9311 7 Suess Suess NNP 34823 9311 8 , , , 34823 9311 9 seem seem VBP 34823 9311 10 quite quite RB 34823 9311 11 out out IN 34823 9311 12 of of IN 34823 9311 13 harmony harmony NN 34823 9311 14 with with IN 34823 9311 15 these these DT 34823 9311 16 conclusions conclusion NNS 34823 9311 17 . . . 34823 9312 1 ( ( -LRB- 34823 9312 2 Suess Suess NNP 34823 9312 3 , , , 34823 9312 4 Eduard Eduard NNP 34823 9312 5 , , , 34823 9312 6 _ _ NNP 34823 9312 7 The the DT 34823 9312 8 Future Future NNP 34823 9312 9 of of IN 34823 9312 10 Silver Silver NNP 34823 9312 11 _ _ NNP 34823 9312 12 , , , 34823 9312 13 Washington Washington NNP 34823 9312 14 , , , 34823 9312 15 Government Government NNP 34823 9312 16 Printing Printing NNP 34823 9312 17 Office Office NNP 34823 9312 18 , , , 34823 9312 19 1893 1893 CD 34823 9312 20 , , , 34823 9312 21 pp pp NNP 34823 9312 22 . . . 34823 9313 1 51 51 CD 34823 9313 2 - - SYM 34823 9313 3 53 53 CD 34823 9313 4 . . . 34823 9313 5 ) ) -RRB- 34823 9314 1 Suess Suess NNP 34823 9314 2 thinks think VBZ 34823 9314 3 that that IN 34823 9314 4 virtually virtually RB 34823 9314 5 as as IN 34823 9314 6 much much JJ 34823 9314 7 gold gold NN 34823 9314 8 was be VBD 34823 9314 9 going go VBG 34823 9314 10 into into IN 34823 9314 11 the the DT 34823 9314 12 arts art NNS 34823 9314 13 uses use VBZ 34823 9314 14 as as IN 34823 9314 15 was be VBD 34823 9314 16 being be VBG 34823 9314 17 produced produce VBN 34823 9314 18 , , , 34823 9314 19 in in IN 34823 9314 20 1892 1892 CD 34823 9314 21 , , , 34823 9314 22 and and CC 34823 9314 23 quotes quote VBZ 34823 9314 24 Soetbeer Soetbeer NNP 34823 9314 25 ( ( -LRB- 34823 9314 26 _ _ NNP 34823 9314 27 Litteraturnachweis Litteraturnachweis NNP 34823 9314 28 _ _ NNP 34823 9314 29 , , , 34823 9314 30 p. p. NN 34823 9314 31 285 285 CD 34823 9314 32 ) ) -RRB- 34823 9314 33 as as IN 34823 9314 34 admitting admit VBG 34823 9314 35 that that IN 34823 9314 36 such such PDT 34823 9314 37 a a DT 34823 9314 38 contention contention NN 34823 9314 39 may may MD 34823 9314 40 not not RB 34823 9314 41 be be VB 34823 9314 42 demonstrable demonstrable JJ 34823 9314 43 , , , 34823 9314 44 but but CC 34823 9314 45 at at IN 34823 9314 46 the the DT 34823 9314 47 same same JJ 34823 9314 48 time time NN 34823 9314 49 holding hold VBG 34823 9314 50 that that IN 34823 9314 51 it -PRON- PRP 34823 9314 52 can can MD 34823 9314 53 not not RB 34823 9314 54 be be VB 34823 9314 55 disproved disprove VBN 34823 9314 56 . . . 34823 9315 1 In in IN 34823 9315 2 the the DT 34823 9315 3 face face NN 34823 9315 4 of of IN 34823 9315 5 what what WP 34823 9315 6 seems seem VBZ 34823 9315 7 to to TO 34823 9315 8 be be VB 34823 9315 9 a a DT 34823 9315 10 really really RB 34823 9315 11 indeterminate indeterminate JJ 34823 9315 12 statistical statistical JJ 34823 9315 13 problem problem NN 34823 9315 14 , , , 34823 9315 15 I -PRON- PRP 34823 9315 16 content content VBP 34823 9315 17 myself -PRON- PRP 34823 9315 18 with with IN 34823 9315 19 the the DT 34823 9315 20 theoretical theoretical JJ 34823 9315 21 conclusions conclusion NNS 34823 9315 22 in in IN 34823 9315 23 the the DT 34823 9315 24 text text NN 34823 9315 25 . . . 34823 9316 1 Because because IN 34823 9316 2 I -PRON- PRP 34823 9316 3 can can MD 34823 9316 4 not not RB 34823 9316 5 find find VB 34823 9316 6 adequate adequate JJ 34823 9316 7 grounds ground NNS 34823 9316 8 for for IN 34823 9316 9 confidence confidence NN 34823 9316 10 in in IN 34823 9316 11 the the DT 34823 9316 12 main main JJ 34823 9316 13 source source NN 34823 9316 14 from from IN 34823 9316 15 which which WDT 34823 9316 16 he -PRON- PRP 34823 9316 17 has have VBZ 34823 9316 18 drawn draw VBN 34823 9316 19 his -PRON- PRP$ 34823 9316 20 statistics statistic NNS 34823 9316 21 , , , 34823 9316 22 I -PRON- PRP 34823 9316 23 refrain refrain VBP 34823 9316 24 from from IN 34823 9316 25 a a DT 34823 9316 26 criticism criticism NN 34823 9316 27 of of IN 34823 9316 28 the the DT 34823 9316 29 theory theory NN 34823 9316 30 and and CC 34823 9316 31 method method NN 34823 9316 32 underlying underlie VBG 34823 9316 33 Professor Professor NNP 34823 9316 34 J. J. NNP 34823 9316 35 M. M. NNP 34823 9316 36 Clark Clark NNP 34823 9316 37 's 's POS 34823 9316 38 ingenious ingenious JJ 34823 9316 39 effort effort NN 34823 9316 40 to to TO 34823 9316 41 derive derive VB 34823 9316 42 statistical statistical JJ 34823 9316 43 laws law NNS 34823 9316 44 for for IN 34823 9316 45 the the DT 34823 9316 46 elasticity elasticity NN 34823 9316 47 of of IN 34823 9316 48 the the DT 34823 9316 49 arts art NNS 34823 9316 50 demand demand NN 34823 9316 51 for for IN 34823 9316 52 gold gold NN 34823 9316 53 . . . 34823 9317 1 ( ( -LRB- 34823 9317 2 _ _ NNP 34823 9317 3 American American NNP 34823 9317 4 Economic Economic NNP 34823 9317 5 Review Review NNP 34823 9317 6 _ _ NNP 34823 9317 7 , , , 34823 9317 8 Sept. September NNP 34823 9318 1 1913 1913 CD 34823 9318 2 . . . 34823 9318 3 ) ) -RRB- 34823 9319 1 [ [ -LRB- 34823 9319 2 467 467 CD 34823 9319 3 ] ] -RRB- 34823 9319 4 _ _ NNP 34823 9319 5 Cf Cf NNP 34823 9319 6 . . . 34823 9319 7 _ _ NNP 34823 9319 8 our -PRON- PRP$ 34823 9319 9 chapter chapter NN 34823 9319 10 on on IN 34823 9319 11 " " `` 34823 9319 12 Economic Economic NNP 34823 9319 13 Value Value NNP 34823 9319 14 , , , 34823 9319 15 " " '' 34823 9319 16 _ _ NNP 34823 9319 17 supra supra NNP 34823 9319 18 _ _ NNP 34823 9319 19 , , , 34823 9319 20 and and CC 34823 9319 21 " " `` 34823 9319 22 Social Social NNP 34823 9319 23 Value Value NNP 34823 9319 24 , , , 34823 9319 25 " " '' 34823 9319 26 _ _ NNP 34823 9319 27 passim passim NNP 34823 9319 28 _ _ NNP 34823 9319 29 . . . 34823 9320 1 [ [ -LRB- 34823 9320 2 468 468 CD 34823 9320 3 ] ] -RRB- 34823 9320 4 F. F. NNP 34823 9320 5 A. a. NN 34823 9320 6 Walker Walker NNP 34823 9320 7 , , , 34823 9320 8 _ _ NNP 34823 9320 9 International International NNP 34823 9320 10 Bimet Bimet NNP 34823 9320 11 _ _ NNP 34823 9320 12 . . . 34823 9321 1 [ [ -LRB- 34823 9321 2 469 469 CD 34823 9321 3 ] ] -RRB- 34823 9321 4 See See NNP 34823 9321 5 DeLaunay DeLaunay NNP 34823 9321 6 , , , 34823 9321 7 _ _ NNP 34823 9321 8 The the DT 34823 9321 9 World World NNP 34823 9321 10 's 's POS 34823 9321 11 Gold Gold NNP 34823 9321 12 _ _ NNP 34823 9321 13 , , , 34823 9321 14 New New NNP 34823 9321 15 York York NNP 34823 9321 16 , , , 34823 9321 17 1908 1908 CD 34823 9321 18 , , , 34823 9321 19 p. p. NN 34823 9321 20 176 176 CD 34823 9321 21 . . . 34823 9322 1 DeLaunay DeLaunay NNP 34823 9322 2 's 's POS 34823 9322 3 figures figure NNS 34823 9322 4 indicate indicate VBP 34823 9322 5 that that IN 34823 9322 6 the the DT 34823 9322 7 use use NN 34823 9322 8 of of IN 34823 9322 9 gold gold NN 34823 9322 10 for for IN 34823 9322 11 gold gold NN 34823 9322 12 leaf leaf NN 34823 9322 13 and and CC 34823 9322 14 plate plate NN 34823 9322 15 is be VBZ 34823 9322 16 quantitatively quantitatively RB 34823 9322 17 a a DT 34823 9322 18 minor minor JJ 34823 9322 19 factor factor NN 34823 9322 20 in in IN 34823 9322 21 the the DT 34823 9322 22 industrial industrial JJ 34823 9322 23 consumption consumption NN 34823 9322 24 of of IN 34823 9322 25 gold gold NN 34823 9322 26 . . . 34823 9323 1 Jewelry jewelry NN 34823 9323 2 and and CC 34823 9323 3 watch watch NN 34823 9323 4 cases case NNS 34823 9323 5 are be VBP 34823 9323 6 the the DT 34823 9323 7 most most RBS 34823 9323 8 important important JJ 34823 9323 9 items item NNS 34823 9323 10 . . . 34823 9324 1 [ [ -LRB- 34823 9324 2 470 470 CD 34823 9324 3 ] ] -RRB- 34823 9324 4 Capital capital NN 34823 9324 5 prices price NNS 34823 9324 6 of of IN 34823 9324 7 lands land NNS 34823 9324 8 and and CC 34823 9324 9 securities security NNS 34823 9324 10 might may MD 34823 9324 11 well well RB 34823 9324 12 be be VB 34823 9324 13 lower low JJR 34823 9324 14 , , , 34823 9324 15 if if IN 34823 9324 16 interest interest NN 34823 9324 17 rates rate NNS 34823 9324 18 are be VBP 34823 9324 19 markedly markedly RB 34823 9324 20 higher high JJR 34823 9324 21 , , , 34823 9324 22 and and CC 34823 9324 23 if if IN 34823 9324 24 land land NN 34823 9324 25 rents rent NNS 34823 9324 26 and and CC 34823 9324 27 " " `` 34823 9324 28 quasi quasi JJ 34823 9324 29 - - JJ 34823 9324 30 rents rent NNS 34823 9324 31 " " '' 34823 9324 32 suffer suffer VBP 34823 9324 33 from from IN 34823 9324 34 higher high JJR 34823 9324 35 wages wage NNS 34823 9324 36 and and CC 34823 9324 37 higher high JJR 34823 9324 38 interest interest NN 34823 9324 39 . . . 34823 9325 1 [ [ -LRB- 34823 9325 2 471 471 CD 34823 9325 3 ] ] -RRB- 34823 9325 4 _ _ NNP 34823 9325 5 Cf Cf NNP 34823 9325 6 . . . 34823 9325 7 _ _ NNP 34823 9325 8 chapter chapter NN 34823 9325 9 on on IN 34823 9325 10 " " `` 34823 9325 11 Dodo Dodo NNP 34823 9325 12 - - HYPH 34823 9325 13 Bones bone NNS 34823 9325 14 , , , 34823 9325 15 " " '' 34823 9325 16 _ _ NNP 34823 9325 17 supra supra NNP 34823 9325 18 _ _ NNP 34823 9325 19 . . . 34823 9326 1 [ [ -LRB- 34823 9326 2 472 472 CD 34823 9326 3 ] ] -RRB- 34823 9326 4 Among among IN 34823 9326 5 the the DT 34823 9326 6 writers writer NNS 34823 9326 7 who who WP 34823 9326 8 have have VBP 34823 9326 9 treated treat VBN 34823 9326 10 this this DT 34823 9326 11 topic topic NN 34823 9326 12 , , , 34823 9326 13 I -PRON- PRP 34823 9326 14 would would MD 34823 9326 15 mention mention VB 34823 9326 16 especially especially RB 34823 9326 17 Menger Menger NNP 34823 9326 18 , , , 34823 9326 19 " " `` 34823 9326 20 Geld Geld NNP 34823 9326 21 , , , 34823 9326 22 " " '' 34823 9326 23 in in IN 34823 9326 24 _ _ NNP 34823 9326 25 Handwörterbuch Handwörterbuch NNP 34823 9326 26 der der NN 34823 9326 27 Staatswissenschaften Staatswissenschaften NNP 34823 9326 28 _ _ NNP 34823 9326 29 ; ; : 34823 9326 30 Laughlin Laughlin NNP 34823 9326 31 , , , 34823 9326 32 _ _ NNP 34823 9326 33 Principles Principles NNPS 34823 9326 34 of of IN 34823 9326 35 Money Money NNP 34823 9326 36 _ _ NNP 34823 9326 37 ; ; : 34823 9326 38 Scott Scott NNP 34823 9326 39 , , , 34823 9326 40 W. W. NNP 34823 9326 41 A. A. NNP 34823 9326 42 , , , 34823 9326 43 _ _ NNP 34823 9326 44 Money Money NNP 34823 9326 45 and and CC 34823 9326 46 Banking Banking NNP 34823 9326 47 _ _ NNP 34823 9326 48 ; ; : 34823 9326 49 Knies Knies NNP 34823 9326 50 , , , 34823 9326 51 _ _ NNP 34823 9326 52 Das Das NNP 34823 9326 53 Geld Geld NNP 34823 9326 54 _ _ NNP 34823 9326 55 ; ; : 34823 9326 56 Walker Walker NNP 34823 9326 57 , , , 34823 9326 58 F. F. NNP 34823 9326 59 A. A. NNP 34823 9326 60 , , , 34823 9326 61 _ _ NNP 34823 9326 62 Money Money NNP 34823 9326 63 and and CC 34823 9326 64 Political Political NNP 34823 9326 65 Economy Economy NNP 34823 9326 66 _ _ NNP 34823 9326 67 ; ; : 34823 9326 68 Conant Conant NNP 34823 9326 69 , , , 34823 9326 70 _ _ NNP 34823 9326 71 Principles Principles NNPS 34823 9326 72 of of IN 34823 9326 73 Money Money NNP 34823 9326 74 and and CC 34823 9326 75 Banking Banking NNP 34823 9326 76 _ _ NNP 34823 9326 77 ; ; : 34823 9326 78 Seligman Seligman NNP 34823 9326 79 , , , 34823 9326 80 _ _ NNP 34823 9326 81 Principles Principles NNPS 34823 9326 82 of of IN 34823 9326 83 Economics Economics NNP 34823 9326 84 _ _ NNP 34823 9326 85 ; ; : 34823 9326 86 Johnson Johnson NNP 34823 9326 87 , , , 34823 9326 88 J. J. NNP 34823 9326 89 F. F. NNP 34823 9326 90 , , , 34823 9326 91 _ _ NNP 34823 9326 92 Money Money NNP 34823 9326 93 and and CC 34823 9326 94 Currency Currency NNP 34823 9326 95 _ _ NNP 34823 9326 96 ; ; : 34823 9326 97 von von NNP 34823 9326 98 Mises Mises NNP 34823 9326 99 , , , 34823 9326 100 L. L. NNP 34823 9326 101 , , , 34823 9326 102 _ _ NNP 34823 9326 103 Theorie Theorie NNP 34823 9326 104 des des FW 34823 9326 105 Geldes gelde NNS 34823 9326 106 und und RB 34823 9326 107 der der IN 34823 9326 108 Umlaufsmittel Umlaufsmittel NNP 34823 9326 109 _ _ NNP 34823 9326 110 ; ; : 34823 9326 111 Helfferich Helfferich NNP 34823 9326 112 , , , 34823 9326 113 K. K. NNP 34823 9326 114 , , , 34823 9326 115 _ _ NNP 34823 9326 116 Das Das NNP 34823 9326 117 Geld Geld NNP 34823 9326 118 _ _ NNP 34823 9326 119 ; ; : 34823 9326 120 Simmel Simmel NNP 34823 9326 121 , , , 34823 9326 122 _ _ NNP 34823 9326 123 Philosophie Philosophie NNP 34823 9326 124 des des NNP 34823 9326 125 Geldes Geldes NNP 34823 9326 126 _ _ NNP 34823 9326 127 ; ; : 34823 9326 128 Davenport Davenport NNP 34823 9326 129 , , , 34823 9326 130 H. H. NNP 34823 9326 131 J. J. NNP 34823 9326 132 , , , 34823 9326 133 _ _ NNP 34823 9326 134 Economics Economics NNP 34823 9326 135 of of IN 34823 9326 136 Enterprise Enterprise NNP 34823 9326 137 _ _ NNP 34823 9326 138 . . . 34823 9327 1 The the DT 34823 9327 2 difference difference NN 34823 9327 3 between between IN 34823 9327 4 the the DT 34823 9327 5 standard standard NN 34823 9327 6 of of IN 34823 9327 7 value value NN 34823 9327 8 ( ( -LRB- 34823 9327 9 common common JJ 34823 9327 10 measure measure NN 34823 9327 11 of of IN 34823 9327 12 values value NNS 34823 9327 13 ) ) -RRB- 34823 9327 14 function function NN 34823 9327 15 , , , 34823 9327 16 and and CC 34823 9327 17 the the DT 34823 9327 18 medium medium NN 34823 9327 19 of of IN 34823 9327 20 exchange exchange NN 34823 9327 21 function function NN 34823 9327 22 is be VBZ 34823 9327 23 particularly particularly RB 34823 9327 24 well well RB 34823 9327 25 illustrated illustrate VBN 34823 9327 26 by by IN 34823 9327 27 Scott Scott NNP 34823 9327 28 , , , 34823 9327 29 _ _ NNP 34823 9327 30 loc loc NNP 34823 9327 31 . . . 34823 9328 1 cit cit NNP 34823 9328 2 . . . 34823 9328 3 _ _ NNP 34823 9328 4 , , , 34823 9328 5 ch ch NN 34823 9328 6 . . . 34823 9329 1 1 1 LS 34823 9329 2 . . . 34823 9330 1 The the DT 34823 9330 2 legal legal JJ 34823 9330 3 functions function NNS 34823 9330 4 of of IN 34823 9330 5 money money NN 34823 9330 6 are be VBP 34823 9330 7 especially especially RB 34823 9330 8 treated treat VBN 34823 9330 9 by by IN 34823 9330 10 Knapp Knapp NNP 34823 9330 11 , , , 34823 9330 12 _ _ NNP 34823 9330 13 Staatliche Staatliche NNP 34823 9330 14 Theorie Theorie NNP 34823 9330 15 des des FW 34823 9330 16 Geldes Geldes NNP 34823 9330 17 _ _ NNP 34823 9330 18 . . . 34823 9331 1 [ [ -LRB- 34823 9331 2 473 473 CD 34823 9331 3 ] ] -RRB- 34823 9331 4 For for IN 34823 9331 5 discussions discussion NNS 34823 9331 6 of of IN 34823 9331 7 the the DT 34823 9331 8 idea idea NN 34823 9331 9 of of IN 34823 9331 10 measuring measure VBG 34823 9331 11 values value NNS 34823 9331 12 , , , 34823 9331 13 and and CC 34823 9331 14 the the DT 34823 9331 15 dependence dependence NN 34823 9331 16 of of IN 34823 9331 17 this this DT 34823 9331 18 on on IN 34823 9331 19 the the DT 34823 9331 20 conception conception NN 34823 9331 21 of of IN 34823 9331 22 value value NN 34823 9331 23 as as IN 34823 9331 24 an an DT 34823 9331 25 absolute absolute JJ 34823 9331 26 quantity quantity NN 34823 9331 27 , , , 34823 9331 28 a a DT 34823 9331 29 common common JJ 34823 9331 30 or or CC 34823 9331 31 generic generic JJ 34823 9331 32 quality quality NN 34823 9331 33 of of IN 34823 9331 34 wealth wealth NN 34823 9331 35 , , , 34823 9331 36 see see VB 34823 9331 37 Knies Knies NNP 34823 9331 38 , , , 34823 9331 39 _ _ NNP 34823 9331 40 Das Das NNP 34823 9331 41 Geld Geld NNP 34823 9331 42 _ _ NNP 34823 9331 43 , , , 34823 9331 44 I -PRON- PRP 34823 9331 45 , , , 34823 9331 46 113ff 113ff NNS 34823 9331 47 . . . 34823 9332 1 ; ; : 34823 9332 2 Kinley Kinley NNP 34823 9332 3 , , , 34823 9332 4 _ _ NNP 34823 9332 5 Money Money NNP 34823 9332 6 _ _ NNP 34823 9332 7 , , , 34823 9332 8 61 61 CD 34823 9332 9 - - SYM 34823 9332 10 62 62 CD 34823 9332 11 ; ; : 34823 9332 12 Merriam Merriam NNP 34823 9332 13 , , , 34823 9332 14 L. L. NNP 34823 9332 15 S. S. NNP 34823 9332 16 , , , 34823 9332 17 " " `` 34823 9332 18 Money money NN 34823 9332 19 as as IN 34823 9332 20 a a DT 34823 9332 21 Measure measure NN 34823 9332 22 of of IN 34823 9332 23 Value value NN 34823 9332 24 , , , 34823 9332 25 " " '' 34823 9332 26 _ _ NNP 34823 9332 27 Annals Annals NNPS 34823 9332 28 of of IN 34823 9332 29 the the DT 34823 9332 30 American American NNP 34823 9332 31 Academy Academy NNP 34823 9332 32 _ _ NNP 34823 9332 33 , , , 34823 9332 34 vol vol NNP 34823 9332 35 . . . 34823 9333 1 IV IV NNP 34823 9333 2 ; ; : 34823 9333 3 Carver Carver NNP 34823 9333 4 , , , 34823 9333 5 " " `` 34823 9333 6 The the DT 34823 9333 7 Concept concept NN 34823 9333 8 of of IN 34823 9333 9 an an DT 34823 9333 10 Economic Economic NNP 34823 9333 11 Quantity quantity NN 34823 9333 12 , , , 34823 9333 13 " " '' 34823 9333 14 _ _ NNP 34823 9333 15 Quart Quart NNP 34823 9333 16 . . . 34823 9334 1 Jour Jour NNP 34823 9334 2 . . . 34823 9335 1 of of IN 34823 9335 2 Econ Econ NNP 34823 9335 3 . . . 34823 9335 4 _ _ NNP 34823 9335 5 , , , 34823 9335 6 1907 1907 CD 34823 9335 7 ; ; : 34823 9335 8 Laughlin Laughlin NNP 34823 9335 9 , , , 34823 9335 10 _ _ NNP 34823 9335 11 Principles Principles NNPS 34823 9335 12 of of IN 34823 9335 13 Money Money NNP 34823 9335 14 _ _ NNP 34823 9335 15 , , , 34823 9335 16 1903 1903 CD 34823 9335 17 , , , 34823 9335 18 pp pp NNP 34823 9335 19 . . . 34823 9336 1 14 14 CD 34823 9336 2 - - SYM 34823 9336 3 16 16 CD 34823 9336 4 ; ; : 34823 9336 5 Davenport Davenport NNP 34823 9336 6 , , , 34823 9336 7 _ _ NNP 34823 9336 8 Value Value NNP 34823 9336 9 and and CC 34823 9336 10 Distribution Distribution NNP 34823 9336 11 _ _ NNP 34823 9336 12 , , , 34823 9336 13 p. p. NN 34823 9336 14 181 181 CD 34823 9336 15 , , , 34823 9336 16 n. n. NN 34823 9336 17 ; ; : 34823 9336 18 Anderson Anderson NNP 34823 9336 19 , , , 34823 9336 20 _ _ NNP 34823 9336 21 Social Social NNP 34823 9336 22 Value Value NNP 34823 9336 23 _ _ NNP 34823 9336 24 , , , 34823 9336 25 chs chs NNP 34823 9336 26 . . . 34823 9337 1 2 2 CD 34823 9337 2 and and CC 34823 9337 3 11 11 CD 34823 9337 4 , , , 34823 9337 5 and and CC 34823 9337 6 " " `` 34823 9337 7 The the DT 34823 9337 8 Concept Concept NNP 34823 9337 9 of of IN 34823 9337 10 Value Value NNP 34823 9337 11 Further further RB 34823 9337 12 Considered consider VBN 34823 9337 13 , , , 34823 9337 14 " " '' 34823 9337 15 _ _ NNP 34823 9337 16 Quart Quart NNP 34823 9337 17 . . . 34823 9338 1 Journal Journal NNP 34823 9338 2 of of IN 34823 9338 3 Econ Econ NNP 34823 9338 4 . . . 34823 9338 5 _ _ NNP 34823 9338 6 , , , 34823 9338 7 1915 1915 CD 34823 9338 8 ; ; : 34823 9338 9 Helfferich Helfferich NNP 34823 9338 10 , , , 34823 9338 11 _ _ NNP 34823 9338 12 Das Das NNP 34823 9338 13 Geld Geld NNP 34823 9338 14 _ _ NNP 34823 9338 15 , , , 34823 9338 16 1903 1903 CD 34823 9338 17 ed ed NNP 34823 9338 18 . . NNP 34823 9338 19 , , , 34823 9338 20 pp pp NNP 34823 9338 21 . . . 34823 9339 1 470 470 CD 34823 9339 2 - - SYM 34823 9339 3 478 478 CD 34823 9339 4 ; ; : 34823 9339 5 Scott Scott NNP 34823 9339 6 , , , 34823 9339 7 _ _ NNP 34823 9339 8 Money Money NNP 34823 9339 9 and and CC 34823 9339 10 Banking Banking NNP 34823 9339 11 _ _ NNP 34823 9339 12 , , , 34823 9339 13 ch ch NN 34823 9339 14 . . . 34823 9340 1 1 1 LS 34823 9340 2 . . . 34823 9341 1 [ [ -LRB- 34823 9341 2 474 474 CD 34823 9341 3 ] ] -RRB- 34823 9341 4 See see VB 34823 9341 5 Scott Scott NNP 34823 9341 6 , , , 34823 9341 7 _ _ NNP 34823 9341 8 Money Money NNP 34823 9341 9 and and CC 34823 9341 10 Banking Banking NNP 34823 9341 11 _ _ NNP 34823 9341 12 , , , 34823 9341 13 ch ch NN 34823 9341 14 . . . 34823 9342 1 3 3 LS 34823 9342 2 . . . 34823 9343 1 [ [ -LRB- 34823 9343 2 475 475 CD 34823 9343 3 ] ] -RRB- 34823 9343 4 A a DT 34823 9343 5 further further JJ 34823 9343 6 reason reason NN 34823 9343 7 for for IN 34823 9343 8 preferring prefer VBG 34823 9343 9 " " `` 34823 9343 10 common common JJ 34823 9343 11 measure measure NN 34823 9343 12 of of IN 34823 9343 13 values value NNS 34823 9343 14 " " '' 34823 9343 15 is be VBZ 34823 9343 16 that that IN 34823 9343 17 expression expression NN 34823 9343 18 carries carry VBZ 34823 9343 19 dearly dearly RB 34823 9343 20 the the DT 34823 9343 21 connotation connotation NN 34823 9343 22 of of IN 34823 9343 23 absolute absolute JJ 34823 9343 24 values value NNS 34823 9343 25 . . . 34823 9344 1 " " `` 34823 9344 2 Relative relative JJ 34823 9344 3 values value NNS 34823 9344 4 " " '' 34823 9344 5 can can MD 34823 9344 6 not not RB 34823 9344 7 be be VB 34823 9344 8 " " `` 34823 9344 9 measured measure VBN 34823 9344 10 , , , 34823 9344 11 " " '' 34823 9344 12 _ _ NNP 34823 9344 13 Social Social NNP 34823 9344 14 Value Value NNP 34823 9344 15 _ _ NNP 34823 9344 16 , , , 34823 9344 17 pp pp NNP 34823 9344 18 . . . 34823 9345 1 26 26 CD 34823 9345 2 - - SYM 34823 9345 3 27 27 CD 34823 9345 4 . . . 34823 9346 1 [ [ -LRB- 34823 9346 2 476 476 CD 34823 9346 3 ] ] -RRB- 34823 9346 4 Current current JJ 34823 9346 5 text text NN 34823 9346 6 - - HYPH 34823 9346 7 books book NNS 34823 9346 8 , , , 34823 9346 9 following follow VBG 34823 9346 10 the the DT 34823 9346 11 Austrian austrian JJ 34823 9346 12 doctrine doctrine NN 34823 9346 13 , , , 34823 9346 14 define define VB 34823 9346 15 production production NN 34823 9346 16 as as IN 34823 9346 17 the the DT 34823 9346 18 creation creation NN 34823 9346 19 of of IN 34823 9346 20 " " `` 34823 9346 21 utilities utility NNS 34823 9346 22 . . . 34823 9346 23 " " '' 34823 9347 1 This this DT 34823 9347 2 is be VBZ 34823 9347 3 incorrect incorrect JJ 34823 9347 4 . . . 34823 9348 1 Production production NN 34823 9348 2 is be VBZ 34823 9348 3 the the DT 34823 9348 4 creation creation NN 34823 9348 5 of of IN 34823 9348 6 _ _ NNP 34823 9348 7 values value NNS 34823 9348 8 _ _ NNP 34823 9348 9 . . . 34823 9349 1 _ _ NNP 34823 9349 2 Cf Cf NNP 34823 9349 3 . . . 34823 9350 1 Social Social NNP 34823 9350 2 Value Value NNP 34823 9350 3 _ _ NNP 34823 9350 4 , , , 34823 9350 5 pp pp NNP 34823 9350 6 . . . 34823 9351 1 119 119 CD 34823 9351 2 and and CC 34823 9351 3 189 189 CD 34823 9351 4 . . . 34823 9352 1 [ [ -LRB- 34823 9352 2 477 477 CD 34823 9352 3 ] ] -RRB- 34823 9352 4 This this DT 34823 9352 5 is be VBZ 34823 9352 6 the the DT 34823 9352 7 view view NN 34823 9352 8 of of IN 34823 9352 9 H. H. NNP 34823 9352 10 J. J. NNP 34823 9352 11 Davenport Davenport NNP 34823 9352 12 ( ( -LRB- 34823 9352 13 _ _ NNP 34823 9352 14 Economics Economics NNP 34823 9352 15 of of IN 34823 9352 16 Enterprise Enterprise NNP 34823 9352 17 _ _ NNP 34823 9352 18 , , , 34823 9352 19 pp pp NNP 34823 9352 20 . . . 34823 9353 1 301 301 CD 34823 9353 2 - - SYM 34823 9353 3 302 302 CD 34823 9353 4 ) ) -RRB- 34823 9353 5 . . . 34823 9354 1 [ [ -LRB- 34823 9354 2 478 478 CD 34823 9354 3 ] ] -RRB- 34823 9354 4 Kemmerer Kemmerer NNP 34823 9354 5 has have VBZ 34823 9354 6 shown show VBN 34823 9354 7 this this DT 34823 9354 8 to to TO 34823 9354 9 be be VB 34823 9354 10 true true JJ 34823 9354 11 of of IN 34823 9354 12 bank bank NN 34823 9354 13 reserves reserve NNS 34823 9354 14 . . . 34823 9355 1 As as IN 34823 9355 2 we -PRON- PRP 34823 9355 3 shall shall MD 34823 9355 4 see see VB 34823 9355 5 , , , 34823 9355 6 the the DT 34823 9355 7 reserve reserve NN 34823 9355 8 function function NN 34823 9355 9 is be VBZ 34823 9355 10 merely merely RB 34823 9355 11 a a DT 34823 9355 12 special special JJ 34823 9355 13 case case NN 34823 9355 14 of of IN 34823 9355 15 the the DT 34823 9355 16 " " `` 34823 9355 17 bearer bearer NN 34823 9355 18 of of IN 34823 9355 19 options option NNS 34823 9355 20 " " '' 34823 9355 21 function function NN 34823 9355 22 . . . 34823 9356 1 For for IN 34823 9356 2 Kemmerer Kemmerer NNP 34823 9356 3 's 's POS 34823 9356 4 discussion discussion NN 34823 9356 5 of of IN 34823 9356 6 business business NN 34823 9356 7 distrust distrust NNP 34823 9356 8 , , , 34823 9356 9 see see VB 34823 9356 10 _ _ NNP 34823 9356 11 Money Money NNP 34823 9356 12 and and CC 34823 9356 13 Credit Credit NNP 34823 9356 14 Instruments Instruments NNPS 34823 9356 15 _ _ NNP 34823 9356 16 , , , 34823 9356 17 pp pp NNP 34823 9356 18 . . . 34823 9357 1 124 124 CD 34823 9357 2 - - SYM 34823 9357 3 126 126 CD 34823 9357 4 , , , 34823 9357 5 and and CC 34823 9357 6 144 144 CD 34823 9357 7 . . . 34823 9358 1 [ [ -LRB- 34823 9358 2 479 479 CD 34823 9358 3 ] ] -RRB- 34823 9358 4 " " `` 34823 9358 5 In in IN 34823 9358 6 New New NNP 34823 9358 7 York York NNP 34823 9358 8 , , , 34823 9358 9 for for IN 34823 9358 10 instance instance NN 34823 9358 11 , , , 34823 9358 12 loans loan NNS 34823 9358 13 by by IN 34823 9358 14 banks bank NNS 34823 9358 15 ' ' POS 34823 9358 16 on on IN 34823 9358 17 call call NN 34823 9358 18 ' ' '' 34823 9358 19 are be VBP 34823 9358 20 subject subject JJ 34823 9358 21 to to IN 34823 9358 22 repayment repayment NN 34823 9358 23 within within IN 34823 9358 24 an an DT 34823 9358 25 hour hour NN 34823 9358 26 or or CC 34823 9358 27 two two CD 34823 9358 28 after after IN 34823 9358 29 notice notice NN 34823 9358 30 is be VBZ 34823 9358 31 given give VBN 34823 9358 32 that that DT 34823 9358 33 repayment repayment NN 34823 9358 34 is be VBZ 34823 9358 35 desired desire VBN 34823 9358 36 . . . 34823 9358 37 " " '' 34823 9359 1 Conant conant JJ 34823 9359 2 , , , 34823 9359 3 _ _ NNP 34823 9359 4 Principles Principles NNPS 34823 9359 5 of of IN 34823 9359 6 Money Money NNP 34823 9359 7 and and CC 34823 9359 8 Banking Banking NNP 34823 9359 9 _ _ NNP 34823 9359 10 , , , 34823 9359 11 vol vol NNP 34823 9359 12 . . . 34823 9360 1 II II NNP 34823 9360 2 , , , 34823 9360 3 p. p. NN 34823 9360 4 56 56 CD 34823 9360 5 . . . 34823 9361 1 In in IN 34823 9361 2 general general JJ 34823 9361 3 , , , 34823 9361 4 the the DT 34823 9361 5 banks bank NNS 34823 9361 6 are be VBP 34823 9361 7 content content JJ 34823 9361 8 if if IN 34823 9361 9 the the DT 34823 9361 10 loan loan NN 34823 9361 11 is be VBZ 34823 9361 12 repaid repay VBN 34823 9361 13 by by IN 34823 9361 14 3 3 CD 34823 9361 15 o'clock o'clock NN 34823 9361 16 on on IN 34823 9361 17 the the DT 34823 9361 18 day day NN 34823 9361 19 it -PRON- PRP 34823 9361 20 is be VBZ 34823 9361 21 called call VBN 34823 9361 22 . . . 34823 9362 1 [ [ -LRB- 34823 9362 2 480 480 CD 34823 9362 3 ] ] -RRB- 34823 9362 4 _ _ NNP 34823 9362 5 E. E. NNP 34823 9363 1 g. g. NNP 34823 9363 2 _ _ NNP 34823 9363 3 , , , 34823 9363 4 Cairnes Cairnes NNP 34823 9363 5 , , , 34823 9363 6 J. J. NNP 34823 9363 7 E. E. NNP 34823 9363 8 , , , 34823 9363 9 _ _ NNP 34823 9363 10 Leading Leading NNP 34823 9363 11 Principles Principles NNPS 34823 9363 12 of of IN 34823 9363 13 Political Political NNP 34823 9363 14 Economy Economy NNP 34823 9363 15 _ _ NNP 34823 9363 16 . . . 34823 9364 1 [ [ -LRB- 34823 9364 2 481 481 CD 34823 9364 3 ] ] -RRB- 34823 9364 4 _ _ NNP 34823 9364 5 One One NNP 34823 9364 6 _ _ NNP 34823 9364 7 " " `` 34823 9364 8 pure pure JJ 34823 9364 9 rate rate NN 34823 9364 10 " " '' 34823 9364 11 is be VBZ 34823 9364 12 a a DT 34823 9364 13 myth myth NN 34823 9364 14 , , , 34823 9364 15 but but CC 34823 9364 16 the the DT 34823 9364 17 notion notion NN 34823 9364 18 has have VBZ 34823 9364 19 some some DT 34823 9364 20 significance significance NN 34823 9364 21 , , , 34823 9364 22 as as IN 34823 9364 23 setting set VBG 34823 9364 24 off off RP 34823 9364 25 a a DT 34823 9364 26 body body NN 34823 9364 27 of of IN 34823 9364 28 causes cause NNS 34823 9364 29 distinct distinct JJ 34823 9364 30 from from IN 34823 9364 31 the the DT 34823 9364 32 money money NN 34823 9364 33 - - HYPH 34823 9364 34 market market NN 34823 9364 35 factors factor NNS 34823 9364 36 under under IN 34823 9364 37 consideration consideration NN 34823 9364 38 . . . 34823 9365 1 _ _ NNP 34823 9365 2 Cf Cf NNP 34823 9365 3 . . . 34823 9366 1 supra supra NNP 34823 9366 2 _ _ NNP 34823 9366 3 , , , 34823 9366 4 the the DT 34823 9366 5 ch ch NN 34823 9366 6 . . . 34823 9367 1 on on IN 34823 9367 2 " " `` 34823 9367 3 The The NNP 34823 9367 4 Capitalization Capitalization NNP 34823 9367 5 Theory Theory NNP 34823 9367 6 . . . 34823 9367 7 " " '' 34823 9368 1 [ [ -LRB- 34823 9368 2 482 482 CD 34823 9368 3 ] ] -RRB- 34823 9368 4 See see VB 34823 9368 5 von von NNP 34823 9368 6 Mises mise NNS 34823 9368 7 , , , 34823 9368 8 " " `` 34823 9368 9 The the DT 34823 9368 10 Foreign Foreign NNP 34823 9368 11 Exchange Exchange NNP 34823 9368 12 Policy Policy NNP 34823 9368 13 of of IN 34823 9368 14 the the DT 34823 9368 15 Austro Austro NNP 34823 9368 16 - - HYPH 34823 9368 17 Hungarian Hungarian NNP 34823 9368 18 Bank Bank NNP 34823 9368 19 , , , 34823 9368 20 " " `` 34823 9368 21 British british JJ 34823 9368 22 _ _ NNP 34823 9368 23 Economic Economic NNP 34823 9368 24 Journal Journal NNP 34823 9368 25 _ _ NNP 34823 9368 26 , , , 34823 9368 27 1909 1909 CD 34823 9368 28 , , , 34823 9368 29 pp pp NNP 34823 9368 30 . . . 34823 9369 1 208 208 CD 34823 9369 2 - - SYM 34823 9369 3 209 209 CD 34823 9369 4 . . . 34823 9370 1 An an DT 34823 9370 2 able able JJ 34823 9370 3 Boston Boston NNP 34823 9370 4 broker broker NN 34823 9370 5 , , , 34823 9370 6 in in IN 34823 9370 7 Feb. February NNP 34823 9370 8 1917 1917 CD 34823 9370 9 , , , 34823 9370 10 calls call VBZ 34823 9370 11 attention attention NN 34823 9370 12 to to IN 34823 9370 13 the the DT 34823 9370 14 growing grow VBG 34823 9370 15 difficulty difficulty NN 34823 9370 16 of of IN 34823 9370 17 placing place VBG 34823 9370 18 long long JJ 34823 9370 19 - - HYPH 34823 9370 20 time time NN 34823 9370 21 bonds bond NNS 34823 9370 22 , , , 34823 9370 23 without without IN 34823 9370 24 very very RB 34823 9370 25 high high JJ 34823 9370 26 yield yield NN 34823 9370 27 , , , 34823 9370 28 in in IN 34823 9370 29 view view NN 34823 9370 30 of of IN 34823 9370 31 the the DT 34823 9370 32 scarcity scarcity NN 34823 9370 33 of of IN 34823 9370 34 real real JJ 34823 9370 35 capital capital NN 34823 9370 36 , , , 34823 9370 37 despite despite IN 34823 9370 38 the the DT 34823 9370 39 exceedingly exceedingly RB 34823 9370 40 low low JJ 34823 9370 41 " " `` 34823 9370 42 money money NN 34823 9370 43 - - HYPH 34823 9370 44 rates rate NNS 34823 9370 45 . . . 34823 9370 46 " " '' 34823 9371 1 I -PRON- PRP 34823 9371 2 venture venture VBP 34823 9371 3 to to TO 34823 9371 4 predict predict VB 34823 9371 5 an an DT 34823 9371 6 increasing increase VBG 34823 9371 7 " " `` 34823 9371 8 spread spread NN 34823 9371 9 " " '' 34823 9371 10 between between IN 34823 9371 11 " " `` 34823 9371 12 money money NN 34823 9371 13 - - HYPH 34823 9371 14 rates rate NNS 34823 9371 15 " " '' 34823 9371 16 and and CC 34823 9371 17 the the DT 34823 9371 18 yield yield NN 34823 9371 19 on on IN 34823 9371 20 long long JJ 34823 9371 21 - - HYPH 34823 9371 22 time time NN 34823 9371 23 investments investment NNS 34823 9371 24 , , , 34823 9371 25 the the DT 34823 9371 26 longer long JJR 34823 9371 27 the the DT 34823 9371 28 War War NNP 34823 9371 29 lasts last VBZ 34823 9371 30 . . . 34823 9372 1 The the DT 34823 9372 2 view view NN 34823 9372 3 of of IN 34823 9372 4 Davenport Davenport NNP 34823 9372 5 and and CC 34823 9372 6 Schumpeter Schumpeter NNP 34823 9372 7 ( ( -LRB- 34823 9372 8 _ _ NNP 34823 9372 9 Annalist Annalist NNP 34823 9372 10 _ _ NNP 34823 9372 11 , , , 34823 9372 12 Feb. February NNP 34823 9372 13 28 28 CD 34823 9372 14 , , , 34823 9372 15 1916 1916 CD 34823 9372 16 , , , 34823 9372 17 and and CC 34823 9372 18 _ _ NNP 34823 9372 19 Theorie Theorie NNP 34823 9372 20 der der NN 34823 9372 21 wirtschaftlichen wirtschaftlichen NNP 34823 9372 22 Entwicklung Entwicklung NNP 34823 9372 23 _ _ NNP 34823 9372 24 ) ) -RRB- 34823 9372 25 , , , 34823 9372 26 which which WDT 34823 9372 27 would would MD 34823 9372 28 deny deny VB 34823 9372 29 the the DT 34823 9372 30 validity validity NN 34823 9372 31 of of IN 34823 9372 32 the the DT 34823 9372 33 distinction distinction NN 34823 9372 34 between between IN 34823 9372 35 money money NN 34823 9372 36 - - HYPH 34823 9372 37 rates rate NNS 34823 9372 38 and and CC 34823 9372 39 interest interest NN 34823 9372 40 rates rate NNS 34823 9372 41 , , , 34823 9372 42 and and CC 34823 9372 43 would would MD 34823 9372 44 make make VB 34823 9372 45 the the DT 34823 9372 46 money money NN 34823 9372 47 - - HYPH 34823 9372 48 market market NN 34823 9372 49 phenomena phenomenon NNS 34823 9372 50 the the DT 34823 9372 51 primary primary JJ 34823 9372 52 cause cause NN 34823 9372 53 of of IN 34823 9372 54 all all DT 34823 9372 55 interest interest NN 34823 9372 56 phenomena phenomenon NNS 34823 9372 57 , , , 34823 9372 58 seems seem VBZ 34823 9372 59 to to IN 34823 9372 60 me -PRON- PRP 34823 9372 61 indefensible indefensible JJ 34823 9372 62 , , , 34823 9372 63 alike alike RB 34823 9372 64 in in IN 34823 9372 65 theory theory NN 34823 9372 66 and and CC 34823 9372 67 in in IN 34823 9372 68 fact fact NN 34823 9372 69 . . . 34823 9373 1 [ [ -LRB- 34823 9373 2 483 483 CD 34823 9373 3 ] ] -RRB- 34823 9373 4 _ _ NNP 34823 9373 5 Cf Cf NNP 34823 9373 6 . . . 34823 9373 7 _ _ NNP 34823 9373 8 the the DT 34823 9373 9 analysis analysis NN 34823 9373 10 of of IN 34823 9373 11 bank bank NN 34823 9373 12 - - HYPH 34823 9373 13 loans loan NNS 34823 9373 14 in in IN 34823 9373 15 the the DT 34823 9373 16 United United NNP 34823 9373 17 States States NNP 34823 9373 18 , , , 34823 9373 19 _ _ NNP 34823 9373 20 infra infra NNP 34823 9373 21 _ _ NNP 34823 9373 22 . . . 34823 9374 1 [ [ -LRB- 34823 9374 2 484 484 CD 34823 9374 3 ] ] -RRB- 34823 9374 4 Mitchell Mitchell NNP 34823 9374 5 , , , 34823 9374 6 _ _ NNP 34823 9374 7 Business Business NNP 34823 9374 8 Cycles Cycles NNPS 34823 9374 9 _ _ NNP 34823 9374 10 , , , 34823 9374 11 p. p. NN 34823 9374 12 146 146 CD 34823 9374 13 . . . 34823 9375 1 [ [ -LRB- 34823 9375 2 485 485 CD 34823 9375 3 ] ] -RRB- 34823 9375 4 _ _ NNP 34823 9375 5 Journal Journal NNP 34823 9375 6 of of IN 34823 9375 7 Political Political NNP 34823 9375 8 Economy Economy NNP 34823 9375 9 _ _ NNP 34823 9375 10 , , , 34823 9375 11 XVI XVI NNP 34823 9375 12 , , , 34823 9375 13 May May NNP 34823 9375 14 , , , 34823 9375 15 1908 1908 CD 34823 9375 16 , , , 34823 9375 17 pp pp NNP 34823 9375 18 . . . 34823 9376 1 273 273 CD 34823 9376 2 - - SYM 34823 9376 3 298 298 CD 34823 9376 4 . . . 34823 9377 1 [ [ -LRB- 34823 9377 2 486 486 CD 34823 9377 3 ] ] -RRB- 34823 9377 4 Leipzig Leipzig NNP 34823 9377 5 , , , 34823 9377 6 1905 1905 CD 34823 9377 7 . . . 34823 9378 1 This this DT 34823 9378 2 book book NN 34823 9378 3 has have VBZ 34823 9378 4 had have VBN 34823 9378 5 wide wide JJ 34823 9378 6 influence influence NN 34823 9378 7 on on IN 34823 9378 8 German german JJ 34823 9378 9 thinking thinking NN 34823 9378 10 on on IN 34823 9378 11 money money NN 34823 9378 12 . . . 34823 9379 1 It -PRON- PRP 34823 9379 2 is be VBZ 34823 9379 3 typical typical JJ 34823 9379 4 of of IN 34823 9379 5 the the DT 34823 9379 6 tendency tendency NN 34823 9379 7 in in IN 34823 9379 8 German german JJ 34823 9379 9 thought thought NN 34823 9379 10 to to TO 34823 9379 11 make make VB 34823 9379 12 the the DT 34823 9379 13 State State NNP 34823 9379 14 the the DT 34823 9379 15 centre centre NN 34823 9379 16 of of IN 34823 9379 17 everything everything NN 34823 9379 18 . . . 34823 9380 1 Recognizing recognize VBG 34823 9380 2 the the DT 34823 9380 3 historical historical JJ 34823 9380 4 fact fact NN 34823 9380 5 that that IN 34823 9380 6 money money NN 34823 9380 7 has have VBZ 34823 9380 8 originated originate VBN 34823 9380 9 in in IN 34823 9380 10 a a DT 34823 9380 11 commodity commodity NN 34823 9380 12 , , , 34823 9380 13 it -PRON- PRP 34823 9380 14 holds hold VBZ 34823 9380 15 that that IN 34823 9380 16 the the DT 34823 9380 17 commodity commodity NN 34823 9380 18 basis basis NN 34823 9380 19 is be VBZ 34823 9380 20 a a DT 34823 9380 21 phenomenon phenomenon NN 34823 9380 22 of of IN 34823 9380 23 historical historical JJ 34823 9380 24 significance significance NN 34823 9380 25 only only RB 34823 9380 26 , , , 34823 9380 27 that that DT 34823 9380 28 modern modern JJ 34823 9380 29 money money NN 34823 9380 30 is be VBZ 34823 9380 31 a a DT 34823 9380 32 creature creature NN 34823 9380 33 of of IN 34823 9380 34 the the DT 34823 9380 35 State State NNP 34823 9380 36 . . . 34823 9381 1 The the DT 34823 9381 2 money money NN 34823 9381 3 - - HYPH 34823 9381 4 unit unit NN 34823 9381 5 is be VBZ 34823 9381 6 not not RB 34823 9381 7 definable definable JJ 34823 9381 8 as as IN 34823 9381 9 a a DT 34823 9381 10 quantity quantity NN 34823 9381 11 of of IN 34823 9381 12 metal metal NN 34823 9381 13 , , , 34823 9381 14 of of IN 34823 9381 15 given give VBN 34823 9381 16 fineness fineness NN 34823 9381 17 , , , 34823 9381 18 but but CC 34823 9381 19 rather rather RB 34823 9381 20 is be VBZ 34823 9381 21 a a DT 34823 9381 22 " " `` 34823 9381 23 nominal nominal JJ 34823 9381 24 " " '' 34823 9381 25 thing thing NN 34823 9381 26 , , , 34823 9381 27 present present JJ 34823 9381 28 monetary monetary JJ 34823 9381 29 standards standard NNS 34823 9381 30 being be VBG 34823 9381 31 defined define VBN 34823 9381 32 by by IN 34823 9381 33 legal legal JJ 34823 9381 34 proclamation proclamation NN 34823 9381 35 in in IN 34823 9381 36 terms term NNS 34823 9381 37 of of IN 34823 9381 38 past past JJ 34823 9381 39 standards standard NNS 34823 9381 40 . . . 34823 9382 1 The the DT 34823 9382 2 necessity necessity NN 34823 9382 3 for for IN 34823 9382 4 this this DT 34823 9382 5 reference reference NN 34823 9382 6 to to IN 34823 9382 7 past past JJ 34823 9382 8 standards standard NNS 34823 9382 9 grows grow VBZ 34823 9382 10 out out IN 34823 9382 11 of of IN 34823 9382 12 the the DT 34823 9382 13 existence existence NN 34823 9382 14 of of IN 34823 9382 15 past past JJ 34823 9382 16 _ _ NNP 34823 9382 17 debts debt NNS 34823 9382 18 _ _ NNP 34823 9382 19 . . . 34823 9383 1 The the DT 34823 9383 2 State State NNP 34823 9383 3 must must MD 34823 9383 4 preserve preserve VB 34823 9383 5 the the DT 34823 9383 6 continuity continuity NN 34823 9383 7 of of IN 34823 9383 8 juristic juristic JJ 34823 9383 9 relations relation NNS 34823 9383 10 , , , 34823 9383 11 between between IN 34823 9383 12 debtors debtor NNS 34823 9383 13 and and CC 34823 9383 14 creditors creditor NNS 34823 9383 15 as as IN 34823 9383 16 elsewhere elsewhere RB 34823 9383 17 . . . 34823 9384 1 Knapp Knapp NNP 34823 9384 2 holds hold VBZ 34823 9384 3 that that IN 34823 9384 4 the the DT 34823 9384 5 _ _ NNP 34823 9384 6 Zahlungsmittel Zahlungsmittel NNP 34823 9384 7 _ _ NNP 34823 9384 8 ( ( -LRB- 34823 9384 9 legal legal JJ 34823 9384 10 means mean NNS 34823 9384 11 of of IN 34823 9384 12 quittance quittance NN 34823 9384 13 , , , 34823 9384 14 legal legal JJ 34823 9384 15 tender tender NN 34823 9384 16 ) ) -RRB- 34823 9384 17 function function NN 34823 9384 18 is be VBZ 34823 9384 19 the the DT 34823 9384 20 primary primary JJ 34823 9384 21 function function NN 34823 9384 22 of of IN 34823 9384 23 money money NN 34823 9384 24 , , , 34823 9384 25 and and CC 34823 9384 26 that that IN 34823 9384 27 it -PRON- PRP 34823 9384 28 is be VBZ 34823 9384 29 not not RB 34823 9384 30 a a DT 34823 9384 31 concept concept NN 34823 9384 32 subordinate subordinate JJ 34823 9384 33 to to IN 34823 9384 34 _ _ NNP 34823 9384 35 Tauschmittel Tauschmittel NNP 34823 9384 36 _ _ NNP 34823 9384 37 ( ( -LRB- 34823 9384 38 medium medium NN 34823 9384 39 of of IN 34823 9384 40 exchange exchange NN 34823 9384 41 ) ) -RRB- 34823 9384 42 . . . 34823 9385 1 It -PRON- PRP 34823 9385 2 is be VBZ 34823 9385 3 not not RB 34823 9385 4 necessary necessary JJ 34823 9385 5 for for IN 34823 9385 6 our -PRON- PRP$ 34823 9385 7 purposes purpose NNS 34823 9385 8 to to TO 34823 9385 9 take take VB 34823 9385 10 account account NN 34823 9385 11 of of IN 34823 9385 12 Knapp Knapp NNP 34823 9385 13 's 's POS 34823 9385 14 theory theory NN 34823 9385 15 in in IN 34823 9385 16 detail detail NN 34823 9385 17 . . . 34823 9386 1 He -PRON- PRP 34823 9386 2 really really RB 34823 9386 3 has have VBZ 34823 9386 4 little little JJ 34823 9386 5 to to TO 34823 9386 6 say say VB 34823 9386 7 about about IN 34823 9386 8 the the DT 34823 9386 9 value value NN 34823 9386 10 of of IN 34823 9386 11 money money NN 34823 9386 12 . . . 34823 9387 1 Indeed indeed RB 34823 9387 2 , , , 34823 9387 3 he -PRON- PRP 34823 9387 4 confesses confess VBZ 34823 9387 5 , , , 34823 9387 6 in in IN 34823 9387 7 a a DT 34823 9387 8 later later JJ 34823 9387 9 discussion discussion NN 34823 9387 10 , , , 34823 9387 11 that that IN 34823 9387 12 his -PRON- PRP$ 34823 9387 13 theory theory NN 34823 9387 14 is be VBZ 34823 9387 15 not not RB 34823 9387 16 concerned concerned JJ 34823 9387 17 with with IN 34823 9387 18 that that DT 34823 9387 19 subject subject NN 34823 9387 20 ! ! . 34823 9388 1 ( ( -LRB- 34823 9388 2 _ _ NNP 34823 9388 3 Schriften Schriften NNP 34823 9388 4 des des NNP 34823 9388 5 Vereins Vereins NNP 34823 9388 6 für für NN 34823 9388 7 Sozialpolitik Sozialpolitik NNP 34823 9388 8 _ _ NNP 34823 9388 9 , , , 34823 9388 10 No no UH 34823 9388 11 . . . 34823 9389 1 132 132 CD 34823 9389 2 , , , 34823 9389 3 1909 1909 CD 34823 9389 4 , , , 34823 9389 5 pp pp NNP 34823 9389 6 . . . 34823 9390 1 559 559 CD 34823 9390 2 - - SYM 34823 9390 3 563 563 CD 34823 9390 4 . . . 34823 9390 5 ) ) -RRB- 34823 9391 1 The the DT 34823 9391 2 amount amount NN 34823 9391 3 of of IN 34823 9391 4 economic economic JJ 34823 9391 5 analysis analysis NN 34823 9391 6 in in IN 34823 9391 7 the the DT 34823 9391 8 book book NN 34823 9391 9 is be VBZ 34823 9391 10 not not RB 34823 9391 11 great great JJ 34823 9391 12 . . . 34823 9392 1 It -PRON- PRP 34823 9392 2 is be VBZ 34823 9392 3 a a DT 34823 9392 4 striking striking JJ 34823 9392 5 illustration illustration NN 34823 9392 6 of of IN 34823 9392 7 the the DT 34823 9392 8 fact fact NN 34823 9392 9 that that IN 34823 9392 10 legal legal JJ 34823 9392 11 thinking thinking NN 34823 9392 12 is be VBZ 34823 9392 13 largely largely RB 34823 9392 14 concerned concerned JJ 34823 9392 15 with with IN 34823 9392 16 _ _ NNP 34823 9392 17 qualitative qualitative JJ 34823 9392 18 distinctions distinction NNS 34823 9392 19 _ _ NNP 34823 9392 20 , , , 34823 9392 21 rather rather RB 34823 9392 22 than than IN 34823 9392 23 with with IN 34823 9392 24 quantitative quantitative JJ 34823 9392 25 causal causal JJ 34823 9392 26 conceptions conception NNS 34823 9392 27 . . . 34823 9393 1 ( ( -LRB- 34823 9393 2 _ _ NNP 34823 9393 3 Cf Cf NNP 34823 9393 4 . . . 34823 9393 5 _ _ IN 34823 9393 6 my -PRON- PRP$ 34823 9393 7 discussion discussion NN 34823 9393 8 in in IN 34823 9393 9 the the DT 34823 9393 10 chapter chapter NN 34823 9393 11 on on IN 34823 9393 12 " " `` 34823 9393 13 The the DT 34823 9393 14 Reconciliation Reconciliation NNP 34823 9393 15 of of IN 34823 9393 16 Statics Statics NNP 34823 9393 17 and and CC 34823 9393 18 Dynamics Dynamics NNP 34823 9393 19 , , , 34823 9393 20 " " '' 34823 9393 21 _ _ NNP 34823 9393 22 infra infra NNP 34823 9393 23 _ _ NNP 34823 9393 24 , , , 34823 9393 25 of of IN 34823 9393 26 the the DT 34823 9393 27 " " `` 34823 9393 28 statics static NNS 34823 9393 29 " " '' 34823 9393 30 of of IN 34823 9393 31 the the DT 34823 9393 32 law law NN 34823 9393 33 . . . 34823 9393 34 ) ) -RRB- 34823 9394 1 Knapp Knapp NNP 34823 9394 2 's 's POS 34823 9394 3 book book NN 34823 9394 4 has have VBZ 34823 9394 5 a a DT 34823 9394 6 forbidding forbidding JJ 34823 9394 7 appearance appearance NN 34823 9394 8 , , , 34823 9394 9 because because IN 34823 9394 10 of of IN 34823 9394 11 the the DT 34823 9394 12 large large JJ 34823 9394 13 number number NN 34823 9394 14 of of IN 34823 9394 15 new new JJ 34823 9394 16 terms term NNS 34823 9394 17 , , , 34823 9394 18 based base VBN 34823 9394 19 on on IN 34823 9394 20 Greek greek JJ 34823 9394 21 roots root NNS 34823 9394 22 , , , 34823 9394 23 which which WDT 34823 9394 24 he -PRON- PRP 34823 9394 25 has have VBZ 34823 9394 26 coined coin VBN 34823 9394 27 . . . 34823 9395 1 The the DT 34823 9395 2 German german JJ 34823 9395 3 language language NN 34823 9395 4 is be VBZ 34823 9395 5 inadequate inadequate JJ 34823 9395 6 to to TO 34823 9395 7 express express VB 34823 9395 8 his -PRON- PRP$ 34823 9395 9 ideas idea NNS 34823 9395 10 ! ! . 34823 9396 1 The the DT 34823 9396 2 Germans Germans NNPS 34823 9396 3 themselves -PRON- PRP 34823 9396 4 have have VBP 34823 9396 5 complained complain VBN 34823 9396 6 much much JJ 34823 9396 7 of of IN 34823 9396 8 this this DT 34823 9396 9 . . . 34823 9397 1 Careful careful JJ 34823 9397 2 reading reading NN 34823 9397 3 of of IN 34823 9397 4 the the DT 34823 9397 5 book book NN 34823 9397 6 discloses disclose VBZ 34823 9397 7 , , , 34823 9397 8 however however RB 34823 9397 9 , , , 34823 9397 10 that that IN 34823 9397 11 the the DT 34823 9397 12 new new JJ 34823 9397 13 terms term NNS 34823 9397 14 are be VBP 34823 9397 15 admirably admirably RB 34823 9397 16 adapted adapt VBN 34823 9397 17 to to TO 34823 9397 18 express express VB 34823 9397 19 the the DT 34823 9397 20 distinctions distinction NNS 34823 9397 21 he -PRON- PRP 34823 9397 22 draws draw VBZ 34823 9397 23 . . . 34823 9398 1 I -PRON- PRP 34823 9398 2 think think VBP 34823 9398 3 , , , 34823 9398 4 too too RB 34823 9398 5 , , , 34823 9398 6 that that IN 34823 9398 7 English english JJ 34823 9398 8 readers reader NNS 34823 9398 9 of of IN 34823 9398 10 the the DT 34823 9398 11 book book NN 34823 9398 12 , , , 34823 9398 13 who who WP 34823 9398 14 remember remember VBP 34823 9398 15 enough enough JJ 34823 9398 16 of of IN 34823 9398 17 their -PRON- PRP$ 34823 9398 18 Greek Greek NNP 34823 9398 19 to to TO 34823 9398 20 recognize recognize VB 34823 9398 21 an an DT 34823 9398 22 occasional occasional JJ 34823 9398 23 Greek greek JJ 34823 9398 24 root root NN 34823 9398 25 as as RB 34823 9398 26 vaguely vaguely RB 34823 9398 27 familiar familiar JJ 34823 9398 28 , , , 34823 9398 29 will will MD 34823 9398 30 find find VB 34823 9398 31 less less JJR 34823 9398 32 difficulty difficulty NN 34823 9398 33 in in IN 34823 9398 34 giving give VBG 34823 9398 35 fixed fix VBN 34823 9398 36 meanings meaning NNS 34823 9398 37 to to IN 34823 9398 38 his -PRON- PRP$ 34823 9398 39 new new JJ 34823 9398 40 terms term NNS 34823 9398 41 than than IN 34823 9398 42 would would MD 34823 9398 43 be be VB 34823 9398 44 the the DT 34823 9398 45 case case NN 34823 9398 46 with with IN 34823 9398 47 new new JJ 34823 9398 48 German german JJ 34823 9398 49 compounds compound NNS 34823 9398 50 . . . 34823 9399 1 One one CD 34823 9399 2 who who WP 34823 9399 3 takes take VBZ 34823 9399 4 the the DT 34823 9399 5 trouble trouble NN 34823 9399 6 to to TO 34823 9399 7 master master VB 34823 9399 8 Knapp Knapp NNP 34823 9399 9 's 's POS 34823 9399 10 vocabulary vocabulary NN 34823 9399 11 will will MD 34823 9399 12 find find VB 34823 9399 13 the the DT 34823 9399 14 effort effort NN 34823 9399 15 worth worth JJ 34823 9399 16 while while NN 34823 9399 17 . . . 34823 9400 1 Knapp Knapp NNP 34823 9400 2 has have VBZ 34823 9400 3 a a DT 34823 9400 4 high high JJ 34823 9400 5 order order NN 34823 9400 6 of of IN 34823 9400 7 dialectical dialectical JJ 34823 9400 8 acumen acuman NNS 34823 9400 9 . . . 34823 9401 1 But but CC 34823 9401 2 the the DT 34823 9401 3 main main JJ 34823 9401 4 part part NN 34823 9401 5 of of IN 34823 9401 6 the the DT 34823 9401 7 book book NN 34823 9401 8 has have VBZ 34823 9401 9 little little JJ 34823 9401 10 direct direct JJ 34823 9401 11 bearing bearing NN 34823 9401 12 on on IN 34823 9401 13 the the DT 34823 9401 14 problem problem NN 34823 9401 15 of of IN 34823 9401 16 the the DT 34823 9401 17 value value NN 34823 9401 18 of of IN 34823 9401 19 money money NN 34823 9401 20 , , , 34823 9401 21 whether whether IN 34823 9401 22 one one CD 34823 9401 23 understand understand VB 34823 9401 24 by by IN 34823 9401 25 " " `` 34823 9401 26 value value NN 34823 9401 27 of of IN 34823 9401 28 money money NN 34823 9401 29 " " '' 34823 9401 30 the the DT 34823 9401 31 absolute absolute JJ 34823 9401 32 social social JJ 34823 9401 33 value value NN 34823 9401 34 of of IN 34823 9401 35 money money NN 34823 9401 36 , , , 34823 9401 37 or or CC 34823 9401 38 the the DT 34823 9401 39 reciprocal reciprocal NN 34823 9401 40 of of IN 34823 9401 41 the the DT 34823 9401 42 price price NN 34823 9401 43 - - HYPH 34823 9401 44 level level NN 34823 9401 45 . . . 34823 9402 1 The the DT 34823 9402 2 main main JJ 34823 9402 3 points point NNS 34823 9402 4 to to TO 34823 9402 5 be be VB 34823 9402 6 drawn draw VBN 34823 9402 7 from from IN 34823 9402 8 his -PRON- PRP$ 34823 9402 9 discussion discussion NN 34823 9402 10 are be VBP 34823 9402 11 ( ( -LRB- 34823 9402 12 1 1 LS 34823 9402 13 ) ) -RRB- 34823 9402 14 the the DT 34823 9402 15 fact fact NN 34823 9402 16 that that IN 34823 9402 17 past past JJ 34823 9402 18 debts debt NNS 34823 9402 19 may may MD 34823 9402 20 tend tend VB 34823 9402 21 to to TO 34823 9402 22 sustain sustain VB 34823 9402 23 the the DT 34823 9402 24 value value NN 34823 9402 25 of of IN 34823 9402 26 an an DT 34823 9402 27 otherwise otherwise RB 34823 9402 28 worthless worthless JJ 34823 9402 29 money money NN 34823 9402 30 ; ; : 34823 9402 31 and and CC 34823 9402 32 ( ( -LRB- 34823 9402 33 2 2 LS 34823 9402 34 ) ) -RRB- 34823 9402 35 that that WDT 34823 9402 36 the the DT 34823 9402 37 State State NNP 34823 9402 38 's 's POS 34823 9402 39 willingness willingness NN 34823 9402 40 to to TO 34823 9402 41 accept accept VB 34823 9402 42 money money NN 34823 9402 43 for for IN 34823 9402 44 taxes taxis NNS 34823 9402 45 , , , 34823 9402 46 etc etc FW 34823 9402 47 . . . 34823 9402 48 , , , 34823 9402 49 may may MD 34823 9402 50 also also RB 34823 9402 51 contribute contribute VB 34823 9402 52 to to IN 34823 9402 53 its -PRON- PRP$ 34823 9402 54 value value NN 34823 9402 55 . . . 34823 9403 1 Knapp Knapp NNP 34823 9403 2 lays lay VBZ 34823 9403 3 heaviest heavy JJS 34823 9403 4 stress stress NN 34823 9403 5 on on IN 34823 9403 6 this this DT 34823 9403 7 last last JJ 34823 9403 8 point point NN 34823 9403 9 . . . 34823 9404 1 He -PRON- PRP 34823 9404 2 seems seem VBZ 34823 9404 3 to to TO 34823 9404 4 concede concede VB 34823 9404 5 , , , 34823 9404 6 however however RB 34823 9404 7 , , , 34823 9404 8 that that IN 34823 9404 9 the the DT 34823 9404 10 rôle rôle NN 34823 9404 11 of of IN 34823 9404 12 the the DT 34823 9404 13 State State NNP 34823 9404 14 here here RB 34823 9404 15 is be VBZ 34823 9404 16 not not RB 34823 9404 17 different different JJ 34823 9404 18 from from IN 34823 9404 19 that that DT 34823 9404 20 of of IN 34823 9404 21 any any DT 34823 9404 22 other other JJ 34823 9404 23 big big JJ 34823 9404 24 factor factor NN 34823 9404 25 in in IN 34823 9404 26 the the DT 34823 9404 27 market market NN 34823 9404 28 , , , 34823 9404 29 and and CC 34823 9404 30 that that IN 34823 9404 31 the the DT 34823 9404 32 State State NNP 34823 9404 33 's 's POS 34823 9404 34 power power NN 34823 9404 35 in in IN 34823 9404 36 this this DT 34823 9404 37 particular particular JJ 34823 9404 38 is be VBZ 34823 9404 39 a a DT 34823 9404 40 function function NN 34823 9404 41 of of IN 34823 9404 42 the the DT 34823 9404 43 magnitude magnitude NN 34823 9404 44 of of IN 34823 9404 45 its -PRON- PRP$ 34823 9404 46 fiscal fiscal JJ 34823 9404 47 operations operation NNS 34823 9404 48 . . . 34823 9405 1 Both both DT 34823 9405 2 of of IN 34823 9405 3 these these DT 34823 9405 4 doctrines doctrine NNS 34823 9405 5 fit fit VBP 34823 9405 6 readily readily RB 34823 9405 7 into into IN 34823 9405 8 my -PRON- PRP$ 34823 9405 9 social social JJ 34823 9405 10 value value NN 34823 9405 11 theory theory NN 34823 9405 12 . . . 34823 9406 1 Knapp Knapp NNP 34823 9406 2 's 's POS 34823 9406 3 discussion discussion NN 34823 9406 4 of of IN 34823 9406 5 methods method NNS 34823 9406 6 of of IN 34823 9406 7 regulating regulate VBG 34823 9406 8 the the DT 34823 9406 9 international international JJ 34823 9406 10 exchanges exchange NNS 34823 9406 11 by by IN 34823 9406 12 methods method NNS 34823 9406 13 other other JJ 34823 9406 14 than than IN 34823 9406 15 gold gold NN 34823 9406 16 shipments shipment NNS 34823 9406 17 is be VBZ 34823 9406 18 interesting interesting JJ 34823 9406 19 , , , 34823 9406 20 and and CC 34823 9406 21 might may MD 34823 9406 22 well well RB 34823 9406 23 be be VB 34823 9406 24 studied study VBN 34823 9406 25 by by IN 34823 9406 26 those those DT 34823 9406 27 who who WP 34823 9406 28 are be VBP 34823 9406 29 concerned concern VBN 34823 9406 30 with with IN 34823 9406 31 the the DT 34823 9406 32 exchange exchange NN 34823 9406 33 situation situation NN 34823 9406 34 in in IN 34823 9406 35 the the DT 34823 9406 36 present present JJ 34823 9406 37 war war NN 34823 9406 38 . . . 34823 9407 1 His -PRON- PRP$ 34823 9407 2 thesis thesis NN 34823 9407 3 that that IN 34823 9407 4 the the DT 34823 9407 5 value value NN 34823 9407 6 of of IN 34823 9407 7 silver silver NN 34823 9407 8 depended depend VBD 34823 9407 9 on on IN 34823 9407 10 the the DT 34823 9407 11 course course NN 34823 9407 12 of of IN 34823 9407 13 the the DT 34823 9407 14 exchanges exchange NNS 34823 9407 15 between between IN 34823 9407 16 gold gold NN 34823 9407 17 and and CC 34823 9407 18 silver silver NN 34823 9407 19 countries country NNS 34823 9407 20 , , , 34823 9407 21 instead instead RB 34823 9407 22 of of IN 34823 9407 23 the the DT 34823 9407 24 course course NN 34823 9407 25 of of IN 34823 9407 26 the the DT 34823 9407 27 exchanges exchange NNS 34823 9407 28 depending depend VBG 34823 9407 29 on on IN 34823 9407 30 the the DT 34823 9407 31 values value NNS 34823 9407 32 of of IN 34823 9407 33 gold gold NN 34823 9407 34 and and CC 34823 9407 35 silver silver NN 34823 9407 36 , , , 34823 9407 37 seems seem VBZ 34823 9407 38 to to IN 34823 9407 39 me -PRON- PRP 34823 9407 40 an an DT 34823 9407 41 absurd absurd JJ 34823 9407 42 exaggeration exaggeration NN 34823 9407 43 of of IN 34823 9407 44 a a DT 34823 9407 45 minor minor JJ 34823 9407 46 qualification qualification NN 34823 9407 47 into into IN 34823 9407 48 a a DT 34823 9407 49 main main JJ 34823 9407 50 theory theory NN 34823 9407 51 . . . 34823 9408 1 His -PRON- PRP$ 34823 9408 2 doctrine doctrine NN 34823 9408 3 that that IN 34823 9408 4 international international JJ 34823 9408 5 relations relation NNS 34823 9408 6 alone alone RB 34823 9408 7 make make VBP 34823 9408 8 the the DT 34823 9408 9 purely purely RB 34823 9408 10 legal legal JJ 34823 9408 11 money money NN 34823 9408 12 , , , 34823 9408 13 without without IN 34823 9408 14 commodity commodity NN 34823 9408 15 basis basis NN 34823 9408 16 , , , 34823 9408 17 unsatisfactory unsatisfactory JJ 34823 9408 18 , , , 34823 9408 19 I -PRON- PRP 34823 9408 20 do do VBP 34823 9408 21 not not RB 34823 9408 22 accept accept VB 34823 9408 23 . . . 34823 9409 1 I -PRON- PRP 34823 9409 2 have have VBP 34823 9409 3 discussed discuss VBN 34823 9409 4 this this DT 34823 9409 5 general general JJ 34823 9409 6 topic topic NN 34823 9409 7 in in IN 34823 9409 8 my -PRON- PRP$ 34823 9409 9 chapter chapter NN 34823 9409 10 on on IN 34823 9409 11 " " `` 34823 9409 12 Dodo Dodo NNP 34823 9409 13 - - HYPH 34823 9409 14 Bones bone NNS 34823 9409 15 , , , 34823 9409 16 " " '' 34823 9409 17 however however RB 34823 9409 18 , , , 34823 9409 19 and and CC 34823 9409 20 may may MD 34823 9409 21 content content VB 34823 9409 22 myself -PRON- PRP 34823 9409 23 with with IN 34823 9409 24 now now RB 34823 9409 25 referring refer VBG 34823 9409 26 to to IN 34823 9409 27 that that DT 34823 9409 28 chapter chapter NN 34823 9409 29 . . . 34823 9410 1 It -PRON- PRP 34823 9410 2 is be VBZ 34823 9410 3 not not RB 34823 9410 4 true true JJ 34823 9410 5 , , , 34823 9410 6 as as IN 34823 9410 7 a a DT 34823 9410 8 matter matter NN 34823 9410 9 of of IN 34823 9410 10 fact fact NN 34823 9410 11 , , , 34823 9410 12 moreover moreover RB 34823 9410 13 , , , 34823 9410 14 that that IN 34823 9410 15 the the DT 34823 9410 16 money money NN 34823 9410 17 - - HYPH 34823 9410 18 unit unit NN 34823 9410 19 is be VBZ 34823 9410 20 no no RB 34823 9410 21 longer long RBR 34823 9410 22 defined define VBN 34823 9410 23 as as IN 34823 9410 24 a a DT 34823 9410 25 quantity quantity NN 34823 9410 26 of of IN 34823 9410 27 metal metal NN 34823 9410 28 . . . 34823 9411 1 Our -PRON- PRP$ 34823 9411 2 own own JJ 34823 9411 3 American american JJ 34823 9411 4 practice practice NN 34823 9411 5 is be VBZ 34823 9411 6 sufficient sufficient JJ 34823 9411 7 evidence evidence NN 34823 9411 8 on on IN 34823 9411 9 this this DT 34823 9411 10 point point NN 34823 9411 11 . . . 34823 9412 1 Knapp Knapp NNP 34823 9412 2 has have VBZ 34823 9412 3 sought seek VBN 34823 9412 4 to to TO 34823 9412 5 generalize generalize VB 34823 9412 6 his -PRON- PRP$ 34823 9412 7 own own JJ 34823 9412 8 interpretation interpretation NN 34823 9412 9 of of IN 34823 9412 10 the the DT 34823 9412 11 history history NN 34823 9412 12 of of IN 34823 9412 13 Austrian austrian JJ 34823 9412 14 paper paper NN 34823 9412 15 into into IN 34823 9412 16 universal universal JJ 34823 9412 17 laws law NNS 34823 9412 18 of of IN 34823 9412 19 money money NN 34823 9412 20 ! ! . 34823 9413 1 That that IN 34823 9413 2 his -PRON- PRP$ 34823 9413 3 interpretations interpretation NNS 34823 9413 4 meet meet VBP 34823 9413 5 authoritative authoritative JJ 34823 9413 6 dissent dissent NN 34823 9413 7 in in IN 34823 9413 8 Austria Austria NNP 34823 9413 9 is be VBZ 34823 9413 10 sufficiently sufficiently RB 34823 9413 11 evidenced evidence VBN 34823 9413 12 by by IN 34823 9413 13 von von NNP 34823 9413 14 Mises Mises NNP 34823 9413 15 ' ' POS 34823 9413 16 discussion discussion NN 34823 9413 17 , , , 34823 9413 18 in in IN 34823 9413 19 his -PRON- PRP$ 34823 9413 20 _ _ NNP 34823 9413 21 Theorie Theorie NNP 34823 9413 22 des des FW 34823 9413 23 Geldes Geldes NNP 34823 9413 24 _ _ NNP 34823 9413 25 ( ( -LRB- 34823 9413 26 ch ch NN 34823 9413 27 . . . 34823 9414 1 on on IN 34823 9414 2 " " `` 34823 9414 3 Das Das NNP 34823 9414 4 Geld Geld NNP 34823 9414 5 und und RB 34823 9414 6 der der VBD 34823 9414 7 Staat Staat NNP 34823 9414 8 " " '' 34823 9414 9 ) ) -RRB- 34823 9414 10 , , , 34823 9414 11 and and CC 34823 9414 12 in in IN 34823 9414 13 his -PRON- PRP$ 34823 9414 14 English english JJ 34823 9414 15 article article NN 34823 9414 16 on on IN 34823 9414 17 " " `` 34823 9414 18 The the DT 34823 9414 19 Foreign Foreign NNP 34823 9414 20 Exchange Exchange NNP 34823 9414 21 Policy Policy NNP 34823 9414 22 of of IN 34823 9414 23 the the DT 34823 9414 24 Austro Austro NNP 34823 9414 25 - - HYPH 34823 9414 26 Hungarian Hungarian NNP 34823 9414 27 Bank Bank NNP 34823 9414 28 , , , 34823 9414 29 " " `` 34823 9414 30 British british JJ 34823 9414 31 _ _ NNP 34823 9414 32 Economic Economic NNP 34823 9414 33 Journal Journal NNP 34823 9414 34 _ _ NNP 34823 9414 35 , , , 34823 9414 36 1909 1909 CD 34823 9414 37 . . . 34823 9415 1 The the DT 34823 9415 2 notion notion NN 34823 9415 3 that that IN 34823 9415 4 the the DT 34823 9415 5 legal legal JJ 34823 9415 6 tender tender NN 34823 9415 7 function function NN 34823 9415 8 is be VBZ 34823 9415 9 prior prior RB 34823 9415 10 to to IN 34823 9415 11 the the DT 34823 9415 12 medium medium NN 34823 9415 13 of of IN 34823 9415 14 exchange exchange NN 34823 9415 15 function function NN 34823 9415 16 I -PRON- PRP 34823 9415 17 regard regard VBP 34823 9415 18 as as IN 34823 9415 19 quite quite RB 34823 9415 20 indefensible indefensible JJ 34823 9415 21 . . . 34823 9416 1 It -PRON- PRP 34823 9416 2 is be VBZ 34823 9416 3 doubtless doubtless RB 34823 9416 4 true true JJ 34823 9416 5 , , , 34823 9416 6 in in IN 34823 9416 7 certain certain JJ 34823 9416 8 cases case NNS 34823 9416 9 , , , 34823 9416 10 that that IN 34823 9416 11 a a DT 34823 9416 12 government government NN 34823 9416 13 may may MD 34823 9416 14 debase debase VB 34823 9416 15 its -PRON- PRP$ 34823 9416 16 money money NN 34823 9416 17 , , , 34823 9416 18 defining define VBG 34823 9416 19 the the DT 34823 9416 20 new new JJ 34823 9416 21 debased debased JJ 34823 9416 22 money money NN 34823 9416 23 in in IN 34823 9416 24 terms term NNS 34823 9416 25 of of IN 34823 9416 26 the the DT 34823 9416 27 old old JJ 34823 9416 28 , , , 34823 9416 29 and and CC 34823 9416 30 that that IN 34823 9416 31 people people NNS 34823 9416 32 who who WP 34823 9416 33 have have VBP 34823 9416 34 debts debt NNS 34823 9416 35 to to TO 34823 9416 36 pay pay VB 34823 9416 37 may may MD 34823 9416 38 , , , 34823 9416 39 for for IN 34823 9416 40 a a DT 34823 9416 41 time time NN 34823 9416 42 , , , 34823 9416 43 accept accept VB 34823 9416 44 the the DT 34823 9416 45 debased debased JJ 34823 9416 46 money money NN 34823 9416 47 as as IN 34823 9416 48 a a DT 34823 9416 49 medium medium NN 34823 9416 50 of of IN 34823 9416 51 exchange exchange NN 34823 9416 52 . . . 34823 9417 1 But but CC 34823 9417 2 the the DT 34823 9417 3 limit limit NN 34823 9417 4 of of IN 34823 9417 5 this this DT 34823 9417 6 is be VBZ 34823 9417 7 reached reach VBN 34823 9417 8 when when WRB 34823 9417 9 the the DT 34823 9417 10 old old JJ 34823 9417 11 debts debt NNS 34823 9417 12 have have VBP 34823 9417 13 been be VBN 34823 9417 14 paid pay VBN 34823 9417 15 . . . 34823 9418 1 Unless unless IN 34823 9418 2 other other JJ 34823 9418 3 factors factor NNS 34823 9418 4 ( ( -LRB- 34823 9418 5 not not RB 34823 9418 6 necessarily necessarily RB 34823 9418 7 redemption redemption NN 34823 9418 8 ) ) -RRB- 34823 9418 9 , , , 34823 9418 10 then then RB 34823 9418 11 come come VB 34823 9418 12 in in RP 34823 9418 13 to to TO 34823 9418 14 sustain sustain VB 34823 9418 15 the the DT 34823 9418 16 value value NN 34823 9418 17 , , , 34823 9418 18 the the DT 34823 9418 19 value value NN 34823 9418 20 will will MD 34823 9418 21 sink sink VB 34823 9418 22 , , , 34823 9418 23 to to IN 34823 9418 24 a a DT 34823 9418 25 level level NN 34823 9418 26 commensurate commensurate JJ 34823 9418 27 with with IN 34823 9418 28 the the DT 34823 9418 29 debasement debasement NN 34823 9418 30 . . . 34823 9419 1 The the DT 34823 9419 2 value value NN 34823 9419 3 would would MD 34823 9419 4 generally generally RB 34823 9419 5 sink sink VB 34823 9419 6 to to IN 34823 9419 7 a a DT 34823 9419 8 considerable considerable JJ 34823 9419 9 degree degree NN 34823 9419 10 , , , 34823 9419 11 in in IN 34823 9419 12 any any DT 34823 9419 13 case case NN 34823 9419 14 , , , 34823 9419 15 if if IN 34823 9419 16 only only RB 34823 9419 17 the the DT 34823 9419 18 legal legal JJ 34823 9419 19 factors factor NNS 34823 9419 20 worked work VBD 34823 9419 21 to to TO 34823 9419 22 sustain sustain VB 34823 9419 23 it -PRON- PRP 34823 9419 24 . . . 34823 9420 1 I -PRON- PRP 34823 9420 2 have have VBP 34823 9420 3 gone go VBN 34823 9420 4 over over IN 34823 9420 5 this this DT 34823 9420 6 in in IN 34823 9420 7 the the DT 34823 9420 8 chapter chapter NN 34823 9420 9 on on IN 34823 9420 10 " " `` 34823 9420 11 Dodo Dodo NNP 34823 9420 12 - - HYPH 34823 9420 13 Bones bone NNS 34823 9420 14 , , , 34823 9420 15 " " '' 34823 9420 16 _ _ NNP 34823 9420 17 supra supra NNP 34823 9420 18 _ _ NNP 34823 9420 19 . . . 34823 9421 1 It -PRON- PRP 34823 9421 2 was be VBD 34823 9421 3 only only RB 34823 9421 4 by by IN 34823 9421 5 being be VBG 34823 9421 6 a a DT 34823 9421 7 valuable valuable JJ 34823 9421 8 object object NN 34823 9421 9 , , , 34823 9421 10 and and CC 34823 9421 11 commonly commonly RB 34823 9421 12 only only RB 34823 9421 13 by by IN 34823 9421 14 being be VBG 34823 9421 15 a a DT 34823 9421 16 medium medium NN 34823 9421 17 of of IN 34823 9421 18 exchange exchange NN 34823 9421 19 , , , 34823 9421 20 that that IN 34823 9421 21 the the DT 34823 9421 22 money money NN 34823 9421 23 could could MD 34823 9421 24 have have VB 34823 9421 25 become become VBN 34823 9421 26 a a DT 34823 9421 27 means means NN 34823 9421 28 of of IN 34823 9421 29 legal legal JJ 34823 9421 30 quittance quittance NN 34823 9421 31 in in IN 34823 9421 32 the the DT 34823 9421 33 first first JJ 34823 9421 34 place place NN 34823 9421 35 . . . 34823 9422 1 Men man NNS 34823 9422 2 would would MD 34823 9422 3 not not RB 34823 9422 4 have have VB 34823 9422 5 made make VBN 34823 9422 6 contracts contract NNS 34823 9422 7 in in IN 34823 9422 8 terms term NNS 34823 9422 9 of of IN 34823 9422 10 it -PRON- PRP 34823 9422 11 , , , 34823 9422 12 otherwise otherwise RB 34823 9422 13 . . . 34823 9423 1 And and CC 34823 9423 2 men man NNS 34823 9423 3 would would MD 34823 9423 4 cease cease VB 34823 9423 5 making make VBG 34823 9423 6 contracts contract NNS 34823 9423 7 in in IN 34823 9423 8 it -PRON- PRP 34823 9423 9 as as RB 34823 9423 10 soon soon RB 34823 9423 11 as as IN 34823 9423 12 it -PRON- PRP 34823 9423 13 ( ( -LRB- 34823 9423 14 or or CC 34823 9423 15 other other JJ 34823 9423 16 things thing NNS 34823 9423 17 tied tie VBN 34823 9423 18 to to IN 34823 9423 19 it -PRON- PRP 34823 9423 20 in in IN 34823 9423 21 value value NN 34823 9423 22 ) ) -RRB- 34823 9423 23 ceased cease VBD 34823 9423 24 to to TO 34823 9423 25 be be VB 34823 9423 26 an an DT 34823 9423 27 acceptable acceptable JJ 34823 9423 28 medium medium NN 34823 9423 29 of of IN 34823 9423 30 exchange exchange NN 34823 9423 31 . . . 34823 9424 1 Knapp Knapp NNP 34823 9424 2 finds find VBZ 34823 9424 3 a a DT 34823 9424 4 good good JJ 34823 9424 5 many many JJ 34823 9424 6 phenomena phenomenon NNS 34823 9424 7 in in IN 34823 9424 8 the the DT 34823 9424 9 history history NN 34823 9424 10 of of IN 34823 9424 11 money money NN 34823 9424 12 for for IN 34823 9424 13 which which WDT 34823 9424 14 the the DT 34823 9424 15 quantity quantity NN 34823 9424 16 theory theory NN 34823 9424 17 , , , 34823 9424 18 and and CC 34823 9424 19 the the DT 34823 9424 20 metallist metallist JJ 34823 9424 21 theory theory NN 34823 9424 22 , , , 34823 9424 23 can can MD 34823 9424 24 give give VB 34823 9424 25 no no DT 34823 9424 26 explanation explanation NN 34823 9424 27 . . . 34823 9425 1 He -PRON- PRP 34823 9425 2 has have VBZ 34823 9425 3 an an DT 34823 9425 4 exceedingly exceedingly RB 34823 9425 5 poor poor JJ 34823 9425 6 opinion opinion NN 34823 9425 7 of of IN 34823 9425 8 both both DT 34823 9425 9 theories theory NNS 34823 9425 10 , , , 34823 9425 11 and and CC 34823 9425 12 makes make VBZ 34823 9425 13 many many JJ 34823 9425 14 telling tell VBG 34823 9425 15 points point NNS 34823 9425 16 against against IN 34823 9425 17 both both DT 34823 9425 18 . . . 34823 9426 1 In in IN 34823 9426 2 so so RB 34823 9426 3 far far RB 34823 9426 4 as as IN 34823 9426 5 his -PRON- PRP$ 34823 9426 6 doctrine doctrine NN 34823 9426 7 asserts assert VBZ 34823 9426 8 that that IN 34823 9426 9 the the DT 34823 9426 10 phenomena phenomenon NNS 34823 9426 11 of of IN 34823 9426 12 money money NN 34823 9426 13 are be VBP 34823 9426 14 matters matter NNS 34823 9426 15 of of IN 34823 9426 16 social social JJ 34823 9426 17 organization organization NNP 34823 9426 18 , , , 34823 9426 19 psychological psychological JJ 34823 9426 20 in in IN 34823 9426 21 nature nature NN 34823 9426 22 , , , 34823 9426 23 I -PRON- PRP 34823 9426 24 find find VBP 34823 9426 25 myself -PRON- PRP 34823 9426 26 in in IN 34823 9426 27 harmony harmony NN 34823 9426 28 with with IN 34823 9426 29 it -PRON- PRP 34823 9426 30 . . . 34823 9427 1 My -PRON- PRP$ 34823 9427 2 dissent dissent NN 34823 9427 3 comes come VBZ 34823 9427 4 when when WRB 34823 9427 5 he -PRON- PRP 34823 9427 6 seeks seek VBZ 34823 9427 7 to to TO 34823 9427 8 erect erect VB 34823 9427 9 the the DT 34823 9427 10 abstractions abstraction NNS 34823 9427 11 of of IN 34823 9427 12 the the DT 34823 9427 13 jurist jurist NN 34823 9427 14 into into IN 34823 9427 15 a a DT 34823 9427 16 complete complete JJ 34823 9427 17 social social JJ 34823 9427 18 philosophy philosophy NN 34823 9427 19 ! ! . 34823 9428 1 Law Law NNP 34823 9428 2 is be VBZ 34823 9428 3 only only RB 34823 9428 4 a a DT 34823 9428 5 part part NN 34823 9428 6 of of IN 34823 9428 7 the the DT 34823 9428 8 system system NN 34823 9428 9 of of IN 34823 9428 10 social social JJ 34823 9428 11 control control NN 34823 9428 12 , , , 34823 9428 13 and and CC 34823 9428 14 economic economic JJ 34823 9428 15 values value NNS 34823 9428 16 , , , 34823 9428 17 while while IN 34823 9428 18 influenced influence VBN 34823 9428 19 by by IN 34823 9428 20 legal legal JJ 34823 9428 21 values value NNS 34823 9428 22 , , , 34823 9428 23 are be VBP 34823 9428 24 far far RB 34823 9428 25 from from IN 34823 9428 26 being be VBG 34823 9428 27 explained explain VBN 34823 9428 28 when when WRB 34823 9428 29 legal legal JJ 34823 9428 30 factors factor NNS 34823 9428 31 only only RB 34823 9428 32 are be VBP 34823 9428 33 taken take VBN 34823 9428 34 into into IN 34823 9428 35 account account NN 34823 9428 36 . . . 34823 9429 1 Legal legal JJ 34823 9429 2 factors factor NNS 34823 9429 3 often often RB 34823 9429 4 play play VBP 34823 9429 5 a a DT 34823 9429 6 more more RBR 34823 9429 7 direct direct JJ 34823 9429 8 part part NN 34823 9429 9 in in IN 34823 9429 10 connection connection NN 34823 9429 11 with with IN 34823 9429 12 the the DT 34823 9429 13 value value NN 34823 9429 14 of of IN 34823 9429 15 money money NN 34823 9429 16 than than IN 34823 9429 17 in in IN 34823 9429 18 connection connection NN 34823 9429 19 with with IN 34823 9429 20 other other JJ 34823 9429 21 values value NNS 34823 9429 22 , , , 34823 9429 23 but but CC 34823 9429 24 they -PRON- PRP 34823 9429 25 do do VBP 34823 9429 26 not not RB 34823 9429 27 dominate dominate VB 34823 9429 28 the the DT 34823 9429 29 value value NN 34823 9429 30 of of IN 34823 9429 31 money money NN 34823 9429 32 . . . 34823 9430 1 Recent recent JJ 34823 9430 2 German german JJ 34823 9430 3 literature literature NN 34823 9430 4 on on IN 34823 9430 5 money money NN 34823 9430 6 ( ( -LRB- 34823 9430 7 _ _ NNP 34823 9430 8 e e NNP 34823 9430 9 . . . 34823 9431 1 g. g. NNP 34823 9431 2 _ _ NNP 34823 9431 3 , , , 34823 9431 4 Fr Fr NNP 34823 9431 5 . . . 34823 9432 1 Bendixsen Bendixsen NNP 34823 9432 2 , , , 34823 9432 3 _ _ NNP 34823 9432 4 Geld Geld NNP 34823 9432 5 und und VBD 34823 9432 6 Kapital Kapital NNP 34823 9432 7 _ _ NNP 34823 9432 8 , , , 34823 9432 9 Leipzig Leipzig NNP 34823 9432 10 , , , 34823 9432 11 1912 1912 CD 34823 9432 12 ) ) -RRB- 34823 9432 13 has have VBZ 34823 9432 14 been be VBN 34823 9432 15 a a DT 34823 9432 16 good good JJ 34823 9432 17 deal deal NN 34823 9432 18 influenced influence VBN 34823 9432 19 by by IN 34823 9432 20 Knapp Knapp NNP 34823 9432 21 , , , 34823 9432 22 and and CC 34823 9432 23 there there EX 34823 9432 24 is be VBZ 34823 9432 25 a a DT 34823 9432 26 fair fair JJ 34823 9432 27 chance chance NN 34823 9432 28 that that IN 34823 9432 29 American american JJ 34823 9432 30 students student NNS 34823 9432 31 may may MD 34823 9432 32 have have VB 34823 9432 33 to to TO 34823 9432 34 read read VB 34823 9432 35 his -PRON- PRP$ 34823 9432 36 book book NN 34823 9432 37 if if IN 34823 9432 38 they -PRON- PRP 34823 9432 39 wish wish VBP 34823 9432 40 to to TO 34823 9432 41 understand understand VB 34823 9432 42 the the DT 34823 9432 43 next next JJ 34823 9432 44 decade decade NN 34823 9432 45 of of IN 34823 9432 46 German german JJ 34823 9432 47 monetary monetary JJ 34823 9432 48 history history NN 34823 9432 49 . . . 34823 9433 1 It -PRON- PRP 34823 9433 2 will will MD 34823 9433 3 be be VB 34823 9433 4 well well JJ 34823 9433 5 for for IN 34823 9433 6 Germany Germany NNP 34823 9433 7 if if IN 34823 9433 8 this this DT 34823 9433 9 is be VBZ 34823 9433 10 not not RB 34823 9433 11 the the DT 34823 9433 12 case case NN 34823 9433 13 ! ! . 34823 9434 1 [ [ -LRB- 34823 9434 2 487 487 CD 34823 9434 3 ] ] -RRB- 34823 9434 4 _ _ NNP 34823 9434 5 Economics Economics NNP 34823 9434 6 of of IN 34823 9434 7 Enterprise Enterprise NNP 34823 9434 8 _ _ NNP 34823 9434 9 , , , 34823 9434 10 p. p. NN 34823 9434 11 257 257 CD 34823 9434 12 . . . 34823 9435 1 [ [ -LRB- 34823 9435 2 488 488 CD 34823 9435 3 ] ] -RRB- 34823 9435 4 _ _ NNP 34823 9435 5 Cf Cf NNP 34823 9435 6 . . . 34823 9435 7 _ _ NNP 34823 9435 8 Böhm Böhm NNP 34823 9435 9 - - HYPH 34823 9435 10 Bawerk Bawerk NNP 34823 9435 11 's 's POS 34823 9435 12 _ _ NNP 34823 9435 13 Capital Capital NNP 34823 9435 14 and and CC 34823 9435 15 Interest Interest NNP 34823 9435 16 _ _ NNP 34823 9435 17 , , , 34823 9435 18 _ _ NNP 34823 9435 19 passim passim NN 34823 9435 20 _ _ NNP 34823 9435 21 , , , 34823 9435 22 particularly particularly RB 34823 9435 23 his -PRON- PRP$ 34823 9435 24 discussion discussion NN 34823 9435 25 of of IN 34823 9435 26 Hermann Hermann NNP 34823 9435 27 , , , 34823 9435 28 for for IN 34823 9435 29 an an DT 34823 9435 30 exposition exposition NN 34823 9435 31 and and CC 34823 9435 32 criticism criticism NN 34823 9435 33 of of IN 34823 9435 34 the the DT 34823 9435 35 " " `` 34823 9435 36 use use NN 34823 9435 37 " " '' 34823 9435 38 theory theory NN 34823 9435 39 of of IN 34823 9435 40 interest interest NN 34823 9435 41 . . . 34823 9436 1 [ [ -LRB- 34823 9436 2 489 489 CD 34823 9436 3 ] ] -RRB- 34823 9436 4 _ _ NNP 34823 9436 5 Cf Cf NNP 34823 9436 6 . . . 34823 9436 7 _ _ NNP 34823 9436 8 Clark Clark NNP 34823 9436 9 , , , 34823 9436 10 J. J. NNP 34823 9437 1 B. B. NNP 34823 9437 2 , , , 34823 9437 3 _ _ NNP 34823 9437 4 The the DT 34823 9437 5 Distribution Distribution NNP 34823 9437 6 of of IN 34823 9437 7 Wealth Wealth NNP 34823 9437 8 _ _ NNP 34823 9437 9 , , , 34823 9437 10 pp pp NNP 34823 9437 11 . . . 34823 9438 1 210 210 CD 34823 9438 2 - - SYM 34823 9438 3 245 245 CD 34823 9438 4 . . . 34823 9439 1 [ [ -LRB- 34823 9439 2 490 490 CD 34823 9439 3 ] ] -RRB- 34823 9439 4 This this DT 34823 9439 5 is be VBZ 34823 9439 6 not not RB 34823 9439 7 necessarily necessarily RB 34823 9439 8 true true JJ 34823 9439 9 among among IN 34823 9439 10 Asiatics Asiatics NNP 34823 9439 11 , , , 34823 9439 12 or or CC 34823 9439 13 on on IN 34823 9439 14 the the DT 34823 9439 15 East East NNP 34823 9439 16 Side Side NNP 34823 9439 17 in in IN 34823 9439 18 New New NNP 34823 9439 19 York York NNP 34823 9439 20 City City NNP 34823 9439 21 . . . 34823 9440 1 [ [ -LRB- 34823 9440 2 491 491 CD 34823 9440 3 ] ] -RRB- 34823 9440 4 The the DT 34823 9440 5 adherent adherent NN 34823 9440 6 of of IN 34823 9440 7 the the DT 34823 9440 8 Ricardian ricardian JJ 34823 9440 9 analysis analysis NN 34823 9440 10 who who WP 34823 9440 11 would would MD 34823 9440 12 deny deny VB 34823 9440 13 this this DT 34823 9440 14 may may MD 34823 9440 15 fight fight VB 34823 9440 16 it -PRON- PRP 34823 9440 17 out out RP 34823 9440 18 with with IN 34823 9440 19 Clark Clark NNP 34823 9440 20 , , , 34823 9440 21 Fetter Fetter NNP 34823 9440 22 , , , 34823 9440 23 and and CC 34823 9440 24 A. A. NNP 34823 9440 25 S. S. NNP 34823 9440 26 Johnson Johnson NNP 34823 9440 27 ! ! . 34823 9441 1 [ [ -LRB- 34823 9441 2 492 492 CD 34823 9441 3 ] ] -RRB- 34823 9441 4 A a DT 34823 9441 5 friendly friendly JJ 34823 9441 6 critic critic NN 34823 9441 7 -- -- : 34823 9441 8 with with IN 34823 9441 9 a a DT 34823 9441 10 radically radically RB 34823 9441 11 different different JJ 34823 9441 12 theoretical theoretical JJ 34823 9441 13 point point NN 34823 9441 14 of of IN 34823 9441 15 view view NN 34823 9441 16 -- -- : 34823 9441 17 feels feel VBZ 34823 9441 18 that that IN 34823 9441 19 I -PRON- PRP 34823 9441 20 am be VBP 34823 9441 21 here here RB 34823 9441 22 playing play VBG 34823 9441 23 fast fast RB 34823 9441 24 and and CC 34823 9441 25 loose loose JJ 34823 9441 26 with with IN 34823 9441 27 the the DT 34823 9441 28 word word NN 34823 9441 29 , , , 34823 9441 30 " " '' 34823 9441 31 value value NN 34823 9441 32 , , , 34823 9441 33 " " '' 34823 9441 34 meaning mean VBG 34823 9441 35 sometimes sometimes RB 34823 9441 36 " " `` 34823 9441 37 total total JJ 34823 9441 38 utility utility NN 34823 9441 39 , , , 34823 9441 40 " " `` 34823 9441 41 sometimes sometimes RB 34823 9441 42 " " `` 34823 9441 43 marginal marginal JJ 34823 9441 44 utility utility NN 34823 9441 45 , , , 34823 9441 46 " " `` 34823 9441 47 sometimes sometimes RB 34823 9441 48 " " `` 34823 9441 49 relative relative JJ 34823 9441 50 marginal marginal JJ 34823 9441 51 utility utility NN 34823 9441 52 , , , 34823 9441 53 " " '' 34823 9441 54 and and CC 34823 9441 55 sometimes sometimes RB 34823 9441 56 " " `` 34823 9441 57 price price NN 34823 9441 58 . . . 34823 9441 59 " " '' 34823 9442 1 I -PRON- PRP 34823 9442 2 _ _ VBP 34823 9442 3 never never RB 34823 9442 4 _ _ NNP 34823 9442 5 mean mean VBP 34823 9442 6 any any DT 34823 9442 7 of of IN 34823 9442 8 these these DT 34823 9442 9 things thing NNS 34823 9442 10 by by IN 34823 9442 11 " " `` 34823 9442 12 value value NN 34823 9442 13 , , , 34823 9442 14 " " '' 34823 9442 15 when when WRB 34823 9442 16 used use VBN 34823 9442 17 without without IN 34823 9442 18 qualification qualification NN 34823 9442 19 , , , 34823 9442 20 in in IN 34823 9442 21 this this DT 34823 9442 22 book book NN 34823 9442 23 . . . 34823 9443 1 I -PRON- PRP 34823 9443 2 mean mean VBP 34823 9443 3 always always RB 34823 9443 4 _ _ NNP 34823 9443 5 social social JJ 34823 9443 6 economic economic JJ 34823 9443 7 value value NN 34823 9443 8 _ _ NNP 34823 9443 9 , , , 34823 9443 10 conceived conceive VBN 34823 9443 11 of of IN 34823 9443 12 as as IN 34823 9443 13 _ _ NNP 34823 9443 14 absolute absolute JJ 34823 9443 15 _ _ NNP 34823 9443 16 . . . 34823 9444 1 [ [ -LRB- 34823 9444 2 493 493 CD 34823 9444 3 ] ] -RRB- 34823 9444 4 I -PRON- PRP 34823 9444 5 have have VBP 34823 9444 6 been be VBN 34823 9444 7 unable unable JJ 34823 9444 8 to to TO 34823 9444 9 satisfy satisfy VB 34823 9444 10 myself -PRON- PRP 34823 9444 11 that that IN 34823 9444 12 anyone anyone NN 34823 9444 13 has have VBZ 34823 9444 14 made make VBN 34823 9444 15 a a DT 34823 9444 16 sufficiently sufficiently RB 34823 9444 17 thorough thorough JJ 34823 9444 18 study study NN 34823 9444 19 of of IN 34823 9444 20 the the DT 34823 9444 21 course course NN 34823 9444 22 of of IN 34823 9444 23 the the DT 34823 9444 24 gold gold JJ 34823 9444 25 premium premium NN 34823 9444 26 on on IN 34823 9444 27 the the DT 34823 9444 28 Rupee Rupee NNP 34823 9444 29 , , , 34823 9444 30 the the DT 34823 9444 31 agio agio NN 34823 9444 32 of of IN 34823 9444 33 the the DT 34823 9444 34 Rupee Rupee NNP 34823 9444 35 over over IN 34823 9444 36 its -PRON- PRP$ 34823 9444 37 bullion bullion NN 34823 9444 38 content content NN 34823 9444 39 , , , 34823 9444 40 or or CC 34823 9444 41 the the DT 34823 9444 42 course course NN 34823 9444 43 of of IN 34823 9444 44 prices price NNS 34823 9444 45 in in IN 34823 9444 46 India India NNP 34823 9444 47 , , , 34823 9444 48 during during IN 34823 9444 49 the the DT 34823 9444 50 period period NN 34823 9444 51 from from IN 34823 9444 52 1893 1893 CD 34823 9444 53 to to IN 34823 9444 54 1898 1898 CD 34823 9444 55 , , , 34823 9444 56 to to TO 34823 9444 57 justify justify VB 34823 9444 58 confident confident JJ 34823 9444 59 statements statement NNS 34823 9444 60 as as IN 34823 9444 61 to to IN 34823 9444 62 the the DT 34823 9444 63 comparative comparative JJ 34823 9444 64 strength strength NN 34823 9444 65 of of IN 34823 9444 66 different different JJ 34823 9444 67 elements element NNS 34823 9444 68 in in IN 34823 9444 69 the the DT 34823 9444 70 explanation explanation NN 34823 9444 71 of of IN 34823 9444 72 that that DT 34823 9444 73 history history NN 34823 9444 74 . . . 34823 9445 1 Kemmerer Kemmerer NNP 34823 9445 2 states state NNS 34823 9445 3 ( ( -LRB- 34823 9445 4 _ _ NNP 34823 9445 5 Money Money NNP 34823 9445 6 and and CC 34823 9445 7 Credit Credit NNP 34823 9445 8 Instruments Instruments NNPS 34823 9445 9 _ _ NNP 34823 9445 10 , , , 34823 9445 11 p. p. NN 34823 9445 12 38 38 CD 34823 9445 13 ) ) -RRB- 34823 9445 14 that that IN 34823 9445 15 he -PRON- PRP 34823 9445 16 can can MD 34823 9445 17 find find VB 34823 9445 18 no no DT 34823 9445 19 evidence evidence NN 34823 9445 20 at at RB 34823 9445 21 all all RB 34823 9445 22 to to TO 34823 9445 23 support support VB 34823 9445 24 Laughlin Laughlin NNP 34823 9445 25 's 's POS 34823 9445 26 view view NN 34823 9445 27 of of IN 34823 9445 28 the the DT 34823 9445 29 matter matter NN 34823 9445 30 . . . 34823 9446 1 ( ( -LRB- 34823 9446 2 See see VB 34823 9446 3 Laughlin Laughlin NNP 34823 9446 4 , , , 34823 9446 5 _ _ NNP 34823 9446 6 Principles Principles NNPS 34823 9446 7 of of IN 34823 9446 8 Money Money NNP 34823 9446 9 _ _ NNP 34823 9446 10 , , , 34823 9446 11 pp pp NNP 34823 9446 12 . . . 34823 9447 1 524 524 CD 34823 9447 2 et et NN 34823 9447 3 seq seq NN 34823 9447 4 . . . 34823 9447 5 ) ) -RRB- 34823 9448 1 J. J. NNP 34823 9448 2 M. M. NNP 34823 9448 3 Keynes Keynes NNP 34823 9448 4 , , , 34823 9448 5 however however RB 34823 9448 6 , , , 34823 9448 7 in in IN 34823 9448 8 his -PRON- PRP$ 34823 9448 9 _ _ NNP 34823 9448 10 Indian Indian NNP 34823 9448 11 Currency Currency NNP 34823 9448 12 and and CC 34823 9448 13 Finance Finance NNP 34823 9448 14 _ _ NNP 34823 9448 15 , , , 34823 9448 16 p. p. NN 34823 9448 17 5 5 CD 34823 9448 18 , , , 34823 9448 19 says say VBZ 34823 9448 20 : : : 34823 9448 21 " " `` 34823 9448 22 The the DT 34823 9448 23 Committee Committee NNP 34823 9448 24 of of IN 34823 9448 25 1892 1892 CD 34823 9448 26 did do VBD 34823 9448 27 not not RB 34823 9448 28 commit commit VB 34823 9448 29 themselves -PRON- PRP 34823 9448 30 ; ; : 34823 9448 31 but but CC 34823 9448 32 the the DT 34823 9448 33 system system NN 34823 9448 34 which which WDT 34823 9448 35 their -PRON- PRP$ 34823 9448 36 recommendations recommendation NNS 34823 9448 37 established establish VBN 34823 9448 38 was be VBD 34823 9448 39 _ _ NNP 34823 9448 40 generally generally RB 34823 9448 41 supposed suppose VBN 34823 9448 42 _ _ NNP 34823 9448 43 [ [ -LRB- 34823 9448 44 Italics Italics NNP 34823 9448 45 mine mine NN 34823 9448 46 . . . 34823 9448 47 ] ] -RRB- 34823 9449 1 to to TO 34823 9449 2 be be VB 34823 9449 3 transitional transitional JJ 34823 9449 4 and and CC 34823 9449 5 a a DT 34823 9449 6 first first JJ 34823 9449 7 step step NN 34823 9449 8 toward toward IN 34823 9449 9 the the DT 34823 9449 10 _ _ NNP 34823 9449 11 introduction introduction NN 34823 9449 12 of of IN 34823 9449 13 gold gold NN 34823 9449 14 _ _ NNP 34823 9449 15 [ [ -LRB- 34823 9449 16 italics italic NNS 34823 9449 17 mine mine NN 34823 9449 18 . . . 34823 9449 19 ] ] -RRB- 34823 9449 20 . . . 34823 9449 21 " " '' 34823 9450 1 In in IN 34823 9450 2 the the DT 34823 9450 3 arrangements arrangement NNS 34823 9450 4 of of IN 34823 9450 5 1893 1893 CD 34823 9450 6 , , , 34823 9450 7 moreover moreover RB 34823 9450 8 , , , 34823 9450 9 a a DT 34823 9450 10 ratio ratio NN 34823 9450 11 between between IN 34823 9450 12 English english JJ 34823 9450 13 gold gold NN 34823 9450 14 and and CC 34823 9450 15 the the DT 34823 9450 16 Rupee Rupee NNP 34823 9450 17 was be VBD 34823 9450 18 established establish VBN 34823 9450 19 , , , 34823 9450 20 of of IN 34823 9450 21 16d 16d NNS 34823 9450 22 . . . 34823 9451 1 to to IN 34823 9451 2 the the DT 34823 9451 3 Rupee Rupee NNP 34823 9451 4 , , , 34823 9451 5 even even RB 34823 9451 6 though though IN 34823 9451 7 provisions provision NNS 34823 9451 8 for for IN 34823 9451 9 holding hold VBG 34823 9451 10 the the DT 34823 9451 11 Rupee Rupee NNP 34823 9451 12 to to IN 34823 9451 13 this this DT 34823 9451 14 ratio ratio NN 34823 9451 15 were be VBD 34823 9451 16 left leave VBN 34823 9451 17 till till IN 34823 9451 18 the the DT 34823 9451 19 establishment establishment NN 34823 9451 20 of of IN 34823 9451 21 the the DT 34823 9451 22 " " `` 34823 9451 23 gold gold JJ 34823 9451 24 exchange exchange NN 34823 9451 25 standard standard NN 34823 9451 26 , , , 34823 9451 27 " " '' 34823 9451 28 several several JJ 34823 9451 29 years year NNS 34823 9451 30 later later RB 34823 9451 31 . . . 34823 9452 1 Keynes Keynes NNP 34823 9452 2 , , , 34823 9452 3 on on IN 34823 9452 4 p. p. NN 34823 9452 5 3 3 CD 34823 9452 6 , , , 34823 9452 7 discusses discuss VBZ 34823 9452 8 the the DT 34823 9452 9 arguments argument NNS 34823 9452 10 of of IN 34823 9452 11 the the DT 34823 9452 12 silver silver NNP 34823 9452 13 party party NN 34823 9452 14 against against IN 34823 9452 15 the the DT 34823 9452 16 introduction introduction NN 34823 9452 17 of of IN 34823 9452 18 gold gold NN 34823 9452 19 , , , 34823 9452 20 which which WDT 34823 9452 21 is be VBZ 34823 9452 22 further further JJ 34823 9452 23 evidence evidence NN 34823 9452 24 that that IN 34823 9452 25 the the DT 34823 9452 26 action action NN 34823 9452 27 of of IN 34823 9452 28 the the DT 34823 9452 29 Committee Committee NNP 34823 9452 30 was be VBD 34823 9452 31 understood understand VBN 34823 9452 32 as as IN 34823 9452 33 looking look VBG 34823 9452 34 toward toward IN 34823 9452 35 a a DT 34823 9452 36 gold gold JJ 34823 9452 37 standard standard NN 34823 9452 38 . . . 34823 9453 1 There there EX 34823 9453 2 is be VBZ 34823 9453 3 _ _ NNP 34823 9453 4 some some DT 34823 9453 5 _ _ NNP 34823 9453 6 evidence evidence NN 34823 9453 7 at at IN 34823 9453 8 least least JJS 34823 9453 9 for for IN 34823 9453 10 Laughlin Laughlin NNP 34823 9453 11 's 's POS 34823 9453 12 view view NN 34823 9453 13 . . . 34823 9454 1 That that IN 34823 9454 2 his -PRON- PRP$ 34823 9454 3 view view NN 34823 9454 4 offers offer VBZ 34823 9454 5 a a DT 34823 9454 6 complete complete JJ 34823 9454 7 explanation explanation NN 34823 9454 8 , , , 34823 9454 9 I -PRON- PRP 34823 9454 10 think think VBP 34823 9454 11 unlikely unlikely JJ 34823 9454 12 . . . 34823 9455 1 Kemmerer Kemmerer NNP 34823 9455 2 's 's POS 34823 9455 3 admirable admirable JJ 34823 9455 4 _ _ NNP 34823 9455 5 Modern Modern NNP 34823 9455 6 Currency Currency NNP 34823 9455 7 Reforms Reforms NNPS 34823 9455 8 _ _ NNP 34823 9455 9 ( ( -LRB- 34823 9455 10 Macmillan Macmillan NNP 34823 9455 11 , , , 34823 9455 12 1916 1916 CD 34823 9455 13 ) ) -RRB- 34823 9455 14 , , , 34823 9455 15 is be VBZ 34823 9455 16 at at IN 34823 9455 17 hand hand NN 34823 9455 18 while while IN 34823 9455 19 the the DT 34823 9455 20 proof proof NN 34823 9455 21 sheets sheet NNS 34823 9455 22 are be VBP 34823 9455 23 being be VBG 34823 9455 24 revised revise VBN 34823 9455 25 . . . 34823 9456 1 It -PRON- PRP 34823 9456 2 is be VBZ 34823 9456 3 interesting interesting JJ 34823 9456 4 to to TO 34823 9456 5 note note VB 34823 9456 6 that that IN 34823 9456 7 he -PRON- PRP 34823 9456 8 finds find VBZ 34823 9456 9 the the DT 34823 9456 10 statistical statistical JJ 34823 9456 11 evidence evidence NN 34823 9456 12 regarding regard VBG 34823 9456 13 Indian indian JJ 34823 9456 14 prices price NNS 34823 9456 15 , , , 34823 9456 16 trade trade NN 34823 9456 17 , , , 34823 9456 18 etc etc FW 34823 9456 19 . . FW 34823 9456 20 , , , 34823 9456 21 far far RB 34823 9456 22 too too RB 34823 9456 23 scanty scanty NN 34823 9456 24 to to TO 34823 9456 25 justify justify VB 34823 9456 26 positive positive JJ 34823 9456 27 conclusions conclusion NNS 34823 9456 28 as as IN 34823 9456 29 to to IN 34823 9456 30 the the DT 34823 9456 31 causes cause NNS 34823 9456 32 governing govern VBG 34823 9456 33 the the DT 34823 9456 34 course course NN 34823 9456 35 of of IN 34823 9456 36 the the DT 34823 9456 37 rupee rupee NN 34823 9456 38 . . . 34823 9457 1 He -PRON- PRP 34823 9457 2 prefers prefer VBZ 34823 9457 3 , , , 34823 9457 4 rather rather RB 34823 9457 5 , , , 34823 9457 6 to to TO 34823 9457 7 rest rest VB 34823 9457 8 the the DT 34823 9457 9 case case NN 34823 9457 10 for for IN 34823 9457 11 the the DT 34823 9457 12 quantity quantity NN 34823 9457 13 theory theory NN 34823 9457 14 on on IN 34823 9457 15 _ _ NNP 34823 9457 16 a a DT 34823 9457 17 priori priori FW 34823 9457 18 _ _ NNP 34823 9457 19 reasoning reasoning NN 34823 9457 20 and and CC 34823 9457 21 statistics statistic NNS 34823 9457 22 for for IN 34823 9457 23 the the DT 34823 9457 24 United United NNP 34823 9457 25 States States NNP 34823 9457 26 . . . 34823 9458 1 _ _ NNP 34823 9458 2 Loc Loc NNP 34823 9458 3 . . . 34823 9459 1 cit cit NNP 34823 9459 2 . . . 34823 9459 3 _ _ NNP 34823 9459 4 , , , 34823 9459 5 pp pp NNP 34823 9459 6 . . . 34823 9460 1 70 70 CD 34823 9460 2 - - SYM 34823 9460 3 71 71 CD 34823 9460 4 . . . 34823 9461 1 In in IN 34823 9461 2 the the DT 34823 9461 3 chapter chapter NN 34823 9461 4 on on IN 34823 9461 5 " " `` 34823 9461 6 Dodo Dodo NNP 34823 9461 7 - - HYPH 34823 9461 8 Bones bone NNS 34823 9461 9 , , , 34823 9461 10 " " `` 34823 9461 11 I -PRON- PRP 34823 9461 12 have have VBP 34823 9461 13 suggested suggest VBN 34823 9461 14 that that IN 34823 9461 15 India India NNP 34823 9461 16 might may MD 34823 9461 17 come come VB 34823 9461 18 nearer near RBR 34823 9461 19 than than IN 34823 9461 20 other other JJ 34823 9461 21 countries country NNS 34823 9461 22 to to TO 34823 9461 23 actualizing actualize VBG 34823 9461 24 the the DT 34823 9461 25 assumptions assumption NNS 34823 9461 26 of of IN 34823 9461 27 the the DT 34823 9461 28 quantity quantity NN 34823 9461 29 theory theory NN 34823 9461 30 . . . 34823 9462 1 On on IN 34823 9462 2 Kemmerer Kemmerer NNP 34823 9462 3 's 's POS 34823 9462 4 showing showing NN 34823 9462 5 , , , 34823 9462 6 however however RB 34823 9462 7 , , , 34823 9462 8 it -PRON- PRP 34823 9462 9 appears appear VBZ 34823 9462 10 to to TO 34823 9462 11 be be VB 34823 9462 12 a a DT 34823 9462 13 liability liability NN 34823 9462 14 , , , 34823 9462 15 rather rather RB 34823 9462 16 than than IN 34823 9462 17 an an DT 34823 9462 18 asset asset NN 34823 9462 19 ! ! . 34823 9463 1 [ [ -LRB- 34823 9463 2 494 494 CD 34823 9463 3 ] ] -RRB- 34823 9463 4 This this DT 34823 9463 5 is be VBZ 34823 9463 6 a a DT 34823 9463 7 national national JJ 34823 9463 8 bank bank NN 34823 9463 9 . . . 34823 9464 1 In in IN 34823 9464 2 the the DT 34823 9464 3 same same JJ 34823 9464 4 community community NN 34823 9464 5 , , , 34823 9464 6 the the DT 34823 9464 7 writer writer NN 34823 9464 8 asked ask VBD 34823 9464 9 the the DT 34823 9464 10 president president NN 34823 9464 11 of of IN 34823 9464 12 a a DT 34823 9464 13 State State NNP 34823 9464 14 bank bank NN 34823 9464 15 about about IN 34823 9464 16 his -PRON- PRP$ 34823 9464 17 gold gold NN 34823 9464 18 reserve reserve NN 34823 9464 19 , , , 34823 9464 20 and and CC 34823 9464 21 was be VBD 34823 9464 22 told tell VBN 34823 9464 23 that that IN 34823 9464 24 light light JJ 34823 9464 25 - - HYPH 34823 9464 26 weight weight NN 34823 9464 27 gold gold NN 34823 9464 28 coin coin NN 34823 9464 29 could could MD 34823 9464 30 not not RB 34823 9464 31 be be VB 34823 9464 32 used use VBN 34823 9464 33 , , , 34823 9464 34 since since IN 34823 9464 35 the the DT 34823 9464 36 State State NNP 34823 9464 37 bank bank NN 34823 9464 38 examiner examiner NN 34823 9464 39 made make VBD 34823 9464 40 a a DT 34823 9464 41 practice practice NN 34823 9464 42 of of IN 34823 9464 43 _ _ NNP 34823 9464 44 weighing weigh VBG 34823 9464 45 _ _ NNP 34823 9464 46 the the DT 34823 9464 47 gold gold NN 34823 9464 48 of of IN 34823 9464 49 State State NNP 34823 9464 50 banks bank NNS 34823 9464 51 . . . 34823 9465 1 [ [ -LRB- 34823 9465 2 495 495 CD 34823 9465 3 ] ] -RRB- 34823 9465 4 Legal legal JJ 34823 9465 5 tender tender NN 34823 9465 6 can can MD 34823 9465 7 add add VB 34823 9465 8 to to IN 34823 9465 9 value value NN 34823 9465 10 of of IN 34823 9465 11 money money NN 34823 9465 12 only only RB 34823 9465 13 when when WRB 34823 9465 14 it -PRON- PRP 34823 9465 15 confers confer VBZ 34823 9465 16 an an DT 34823 9465 17 option option NN 34823 9465 18 on on IN 34823 9465 19 the the DT 34823 9465 20 _ _ NNP 34823 9465 21 debtor debtor NN 34823 9465 22 _ _ NNP 34823 9465 23 . . . 34823 9466 1 In in IN 34823 9466 2 the the DT 34823 9466 3 case case NN 34823 9466 4 discussed discuss VBN 34823 9466 5 , , , 34823 9466 6 it -PRON- PRP 34823 9466 7 is be VBZ 34823 9466 8 the the DT 34823 9466 9 _ _ NNP 34823 9466 10 creditor creditor NN 34823 9466 11 _ _ NNP 34823 9466 12 who who WP 34823 9466 13 has have VBZ 34823 9466 14 the the DT 34823 9466 15 option option NN 34823 9466 16 . . . 34823 9467 1 But but CC 34823 9467 2 options option NNS 34823 9467 3 are be VBP 34823 9467 4 not not RB 34823 9467 5 necessarily necessarily RB 34823 9467 6 valuable valuable JJ 34823 9467 7 . . . 34823 9468 1 [ [ -LRB- 34823 9468 2 496 496 CD 34823 9468 3 ] ] -RRB- 34823 9468 4 As as IN 34823 9468 5 Davenport Davenport NNP 34823 9468 6 has have VBZ 34823 9468 7 pointed point VBN 34823 9468 8 out out RP 34823 9468 9 , , , 34823 9468 10 money money NN 34823 9468 11 is be VBZ 34823 9468 12 really really RB 34823 9468 13 moneys money NNS 34823 9468 14 -- -- : 34823 9468 15 there there EX 34823 9468 16 is be VBZ 34823 9468 17 a a DT 34823 9468 18 hierarchy hierarchy NN 34823 9468 19 . . . 34823 9469 1 _ _ NNP 34823 9469 2 Cf Cf NNP 34823 9469 3 . . . 34823 9470 1 Economics Economics NNP 34823 9470 2 of of IN 34823 9470 3 Enterprise Enterprise NNP 34823 9470 4 _ _ NNP 34823 9470 5 , , , 34823 9470 6 pp pp NNP 34823 9470 7 . . . 34823 9471 1 256 256 CD 34823 9471 2 - - SYM 34823 9471 3 259 259 CD 34823 9471 4 . . . 34823 9472 1 [ [ -LRB- 34823 9472 2 497 497 CD 34823 9472 3 ] ] -RRB- 34823 9472 4 The the DT 34823 9472 5 restricted restrict VBN 34823 9472 6 legal legal JJ 34823 9472 7 tender tender NN 34823 9472 8 of of IN 34823 9472 9 small small JJ 34823 9472 10 coins coin NNS 34823 9472 11 , , , 34823 9472 12 where where WRB 34823 9472 13 the the DT 34823 9472 14 coins coin NNS 34823 9472 15 are be VBP 34823 9472 16 limited limit VBN 34823 9472 17 in in IN 34823 9472 18 amount amount NN 34823 9472 19 to to IN 34823 9472 20 the the DT 34823 9472 21 needs need NNS 34823 9472 22 of of IN 34823 9472 23 retail retail JJ 34823 9472 24 trade trade NN 34823 9472 25 , , , 34823 9472 26 is be VBZ 34823 9472 27 virtually virtually RB 34823 9472 28 an an DT 34823 9472 29 unrestricted unrestricted JJ 34823 9472 30 legal legal JJ 34823 9472 31 tender tender NN 34823 9472 32 , , , 34823 9472 33 in in IN 34823 9472 34 practice practice NN 34823 9472 35 , , , 34823 9472 36 and and CC 34823 9472 37 amounts amount NNS 34823 9472 38 , , , 34823 9472 39 in in IN 34823 9472 40 fact fact NN 34823 9472 41 , , , 34823 9472 42 to to IN 34823 9472 43 redemption redemption NN 34823 9472 44 . . . 34823 9473 1 The the DT 34823 9473 2 coins coin NNS 34823 9473 3 are be VBP 34823 9473 4 capable capable JJ 34823 9473 5 of of IN 34823 9473 6 being be VBG 34823 9473 7 used use VBN 34823 9473 8 where where WRB 34823 9473 9 large large JJ 34823 9473 10 coins coin NNS 34823 9473 11 , , , 34823 9473 12 of of IN 34823 9473 13 standard standard JJ 34823 9473 14 metal metal NN 34823 9473 15 , , , 34823 9473 16 would would MD 34823 9473 17 otherwise otherwise RB 34823 9473 18 be be VB 34823 9473 19 used use VBN 34823 9473 20 , , , 34823 9473 21 or or CC 34823 9473 22 where where WRB 34823 9473 23 checks check NNS 34823 9473 24 , , , 34823 9473 25 redeemable redeemable JJ 34823 9473 26 in in IN 34823 9473 27 standard standard JJ 34823 9473 28 coin coin NN 34823 9473 29 , , , 34823 9473 30 would would MD 34823 9473 31 be be VB 34823 9473 32 used use VBN 34823 9473 33 . . . 34823 9474 1 Legal legal JJ 34823 9474 2 tender tender NN 34823 9474 3 is be VBZ 34823 9474 4 vastly vastly RB 34823 9474 5 more more RBR 34823 9474 6 effective effective JJ 34823 9474 7 with with IN 34823 9474 8 reference reference NN 34823 9474 9 to to IN 34823 9474 10 a a DT 34823 9474 11 small small JJ 34823 9474 12 part part NN 34823 9474 13 of of IN 34823 9474 14 the the DT 34823 9474 15 money money NN 34823 9474 16 system system NN 34823 9474 17 than than IN 34823 9474 18 it -PRON- PRP 34823 9474 19 would would MD 34823 9474 20 be be VB 34823 9474 21 with with IN 34823 9474 22 the the DT 34823 9474 23 whole whole NN 34823 9474 24 of of IN 34823 9474 25 the the DT 34823 9474 26 money money NN 34823 9474 27 supply supply NN 34823 9474 28 . . . 34823 9475 1 The the DT 34823 9475 2 same same JJ 34823 9475 3 is be VBZ 34823 9475 4 true true JJ 34823 9475 5 of of IN 34823 9475 6 the the DT 34823 9475 7 privilege privilege NN 34823 9475 8 of of IN 34823 9475 9 using use VBG 34823 9475 10 a a DT 34823 9475 11 particular particular JJ 34823 9475 12 form form NN 34823 9475 13 of of IN 34823 9475 14 money money NN 34823 9475 15 in in IN 34823 9475 16 paying pay VBG 34823 9475 17 taxes taxis NNS 34823 9475 18 . . . 34823 9476 1 _ _ NNP 34823 9476 2 Cf Cf NNP 34823 9476 3 . . . 34823 9476 4 _ _ NNP 34823 9476 5 W. W. NNP 34823 9476 6 C. C. NNP 34823 9476 7 Mitchell Mitchell NNP 34823 9476 8 's 's POS 34823 9476 9 discussion discussion NN 34823 9476 10 of of IN 34823 9476 11 the the DT 34823 9476 12 " " `` 34823 9476 13 Demand Demand NNP 34823 9476 14 Notes note NNS 34823 9476 15 , , , 34823 9476 16 " " `` 34823 9476 17 _ _ NNP 34823 9476 18 History history NN 34823 9476 19 of of IN 34823 9476 20 Greenbacks Greenbacks NNP 34823 9476 21 _ _ NNP 34823 9476 22 , , , 34823 9476 23 _ _ NNP 34823 9476 24 passim passim NN 34823 9476 25 _ _ NNP 34823 9476 26 . . . 34823 9477 1 [ [ -LRB- 34823 9477 2 498 498 CD 34823 9477 3 ] ] -RRB- 34823 9477 4 _ _ NNP 34823 9477 5 Cf Cf NNP 34823 9477 6 . . . 34823 9477 7 _ _ NNP 34823 9477 8 Mitchell Mitchell NNP 34823 9477 9 's 's POS 34823 9477 10 account account NN 34823 9477 11 , , , 34823 9477 12 ( ( -LRB- 34823 9477 13 _ _ NNP 34823 9477 14 Ibid Ibid NNP 34823 9477 15 . . . 34823 9477 16 _ _ NNP 34823 9477 17 , , , 34823 9477 18 pp pp NNP 34823 9477 19 . . . 34823 9478 1 166 166 CD 34823 9478 2 - - SYM 34823 9478 3 173 173 CD 34823 9478 4 ) ) -RRB- 34823 9478 5 , , , 34823 9478 6 of of IN 34823 9478 7 the the DT 34823 9478 8 premium premium NN 34823 9478 9 on on IN 34823 9478 10 minor minor JJ 34823 9478 11 currency currency NN 34823 9478 12 , , , 34823 9478 13 during during IN 34823 9478 14 the the DT 34823 9478 15 Civil Civil NNP 34823 9478 16 War War NNP 34823 9478 17 . . . 34823 9479 1 Pennies penny NNS 34823 9479 2 were be VBD 34823 9479 3 used use VBN 34823 9479 4 in in IN 34823 9479 5 rolls roll NNS 34823 9479 6 of of IN 34823 9479 7 25 25 CD 34823 9479 8 as as IN 34823 9479 9 a a DT 34823 9479 10 substitute substitute NN 34823 9479 11 for for IN 34823 9479 12 silver silver JJ 34823 9479 13 quarters quarter NNS 34823 9479 14 , , , 34823 9479 15 which which WDT 34823 9479 16 had have VBD 34823 9479 17 left leave VBN 34823 9479 18 the the DT 34823 9479 19 country country NN 34823 9479 20 under under IN 34823 9479 21 Gresham Gresham NNP 34823 9479 22 's 's POS 34823 9479 23 Law Law NNP 34823 9479 24 . . . 34823 9480 1 The the DT 34823 9480 2 premium premium NN 34823 9480 3 was be VBD 34823 9480 4 due due JJ 34823 9480 5 primarily primarily RB 34823 9480 6 to to IN 34823 9480 7 the the DT 34823 9480 8 need need NN 34823 9480 9 for for IN 34823 9480 10 small small JJ 34823 9480 11 change change NN 34823 9480 12 , , , 34823 9480 13 rather rather RB 34823 9480 14 than than IN 34823 9480 15 to to TO 34823 9480 16 bullion bullion VB 34823 9480 17 content content NN 34823 9480 18 , , , 34823 9480 19 though though IN 34823 9480 20 the the DT 34823 9480 21 latter latter NN 34823 9480 22 was be VBD 34823 9480 23 a a DT 34823 9480 24 factor factor NN 34823 9480 25 even even RB 34823 9480 26 for for IN 34823 9480 27 coins coin NNS 34823 9480 28 made make VBN 34823 9480 29 of of IN 34823 9480 30 baser baser NN 34823 9480 31 metals metal NNS 34823 9480 32 , , , 34823 9480 33 in in IN 34823 9480 34 1864 1864 CD 34823 9480 35 . . . 34823 9481 1 [ [ -LRB- 34823 9481 2 499 499 CD 34823 9481 3 ] ] -RRB- 34823 9481 4 _ _ NNP 34823 9481 5 Cf Cf NNP 34823 9481 6 . . . 34823 9481 7 _ _ IN 34823 9481 8 my -PRON- PRP$ 34823 9481 9 article article NN 34823 9481 10 in in IN 34823 9481 11 the the DT 34823 9481 12 _ _ NNP 34823 9481 13 Annalist Annalist NNP 34823 9481 14 _ _ NNP 34823 9481 15 , , , 34823 9481 16 Feb. February NNP 34823 9481 17 7 7 CD 34823 9481 18 , , , 34823 9481 19 1916 1916 CD 34823 9481 20 , , , 34823 9481 21 " " `` 34823 9481 22 The the DT 34823 9481 23 Ratio ratio NN 34823 9481 24 of of IN 34823 9481 25 Foreign foreign NN 34823 9481 26 to to IN 34823 9481 27 Domestic Domestic NNP 34823 9481 28 Trade Trade NNP 34823 9481 29 , , , 34823 9481 30 " " '' 34823 9481 31 and and CC 34823 9481 32 the the DT 34823 9481 33 chapter chapter NN 34823 9481 34 , , , 34823 9481 35 _ _ NNP 34823 9481 36 supra supra NNP 34823 9481 37 _ _ NNP 34823 9481 38 , , , 34823 9481 39 on on IN 34823 9481 40 " " `` 34823 9481 41 The the DT 34823 9481 42 Quantity Quantity NNP 34823 9481 43 of of IN 34823 9481 44 Money money NN 34823 9481 45 and and CC 34823 9481 46 the the DT 34823 9481 47 Volume Volume NNP 34823 9481 48 of of IN 34823 9481 49 Trade Trade NNP 34823 9481 50 . . . 34823 9481 51 " " '' 34823 9482 1 [ [ -LRB- 34823 9482 2 500 500 CD 34823 9482 3 ] ] -RRB- 34823 9482 4 Kinley Kinley NNP 34823 9482 5 's 's POS 34823 9482 6 figures figure NNS 34823 9482 7 show show VBP 34823 9482 8 a a DT 34823 9482 9 much much RB 34823 9482 10 lower low JJR 34823 9482 11 percentage percentage NN 34823 9482 12 of of IN 34823 9482 13 money money NN 34823 9482 14 than than IN 34823 9482 15 this this DT 34823 9482 16 . . . 34823 9483 1 He -PRON- PRP 34823 9483 2 is be VBZ 34823 9483 3 anxious anxious JJ 34823 9483 4 not not RB 34823 9483 5 to to TO 34823 9483 6 overestimate overestimate VB 34823 9483 7 the the DT 34823 9483 8 extent extent NN 34823 9483 9 to to TO 34823 9483 10 which which WDT 34823 9483 11 checks check NNS 34823 9483 12 are be VBP 34823 9483 13 used use VBN 34823 9483 14 , , , 34823 9483 15 however however RB 34823 9483 16 , , , 34823 9483 17 and and CC 34823 9483 18 so so RB 34823 9483 19 gives give VBZ 34823 9483 20 the the DT 34823 9483 21 figures figure NNS 34823 9483 22 of of IN 34823 9483 23 50 50 CD 34823 9483 24 to to TO 34823 9483 25 60 60 CD 34823 9483 26 % % NN 34823 9483 27 of of IN 34823 9483 28 checks check NNS 34823 9483 29 as as IN 34823 9483 30 a a DT 34823 9483 31 safe safe JJ 34823 9483 32 lower low JJR 34823 9483 33 limit limit NN 34823 9483 34 . . . 34823 9484 1 [ [ -LRB- 34823 9484 2 501 501 CD 34823 9484 3 ] ] -RRB- 34823 9484 4 _ _ NNP 34823 9484 5 Cf Cf NNP 34823 9484 6 . . . 34823 9485 1 Social Social NNP 34823 9485 2 Value Value NNP 34823 9485 3 _ _ NNP 34823 9485 4 , , , 34823 9485 5 183 183 CD 34823 9485 6 - - SYM 34823 9485 7 184 184 CD 34823 9485 8 . . . 34823 9486 1 [ [ -LRB- 34823 9486 2 502 502 CD 34823 9486 3 ] ] -RRB- 34823 9486 4 _ _ NNP 34823 9486 5 Cf Cf NNP 34823 9486 6 . . . 34823 9486 7 _ _ NNP 34823 9486 8 Carver Carver NNP 34823 9486 9 's 's POS 34823 9486 10 contention contention NN 34823 9486 11 that that IN 34823 9486 12 " " `` 34823 9486 13 the the DT 34823 9486 14 demand demand NN 34823 9486 15 for for IN 34823 9486 16 money money NN 34823 9486 17 is be VBZ 34823 9486 18 a a DT 34823 9486 19 demand demand NN 34823 9486 20 for for IN 34823 9486 21 value value NN 34823 9486 22 . . . 34823 9486 23 " " '' 34823 9487 1 " " `` 34823 9487 2 Concept Concept NNP 34823 9487 3 of of IN 34823 9487 4 an an DT 34823 9487 5 Economic Economic NNP 34823 9487 6 Quantity quantity NN 34823 9487 7 , , , 34823 9487 8 " " '' 34823 9487 9 _ _ NNP 34823 9487 10 Quart Quart NNP 34823 9487 11 . . . 34823 9488 1 Jour Jour NNP 34823 9488 2 . . . 34823 9489 1 of of IN 34823 9489 2 Econ Econ NNP 34823 9489 3 . . . 34823 9489 4 _ _ NNP 34823 9489 5 , , , 34823 9489 6 1907 1907 CD 34823 9489 7 . . . 34823 9490 1 [ [ -LRB- 34823 9490 2 503 503 CD 34823 9490 3 ] ] -RRB- 34823 9490 4 _ _ NNP 34823 9490 5 Cf Cf NNP 34823 9490 6 . . . 34823 9490 7 _ _ NNP 34823 9490 8 Laughlin Laughlin NNP 34823 9490 9 's 's POS 34823 9490 10 _ _ NNP 34823 9490 11 Principles Principles NNPS 34823 9490 12 of of IN 34823 9490 13 Money Money NNP 34823 9490 14 _ _ NNP 34823 9490 15 , , , 34823 9490 16 p. p. NN 34823 9490 17 73 73 CD 34823 9490 18 . . . 34823 9491 1 [ [ -LRB- 34823 9491 2 504 504 CD 34823 9491 3 ] ] -RRB- 34823 9491 4 The the DT 34823 9491 5 main main JJ 34823 9491 6 modern modern JJ 34823 9491 7 type type NN 34823 9491 8 of of IN 34823 9491 9 loan loan NN 34823 9491 10 for for IN 34823 9491 11 non non JJ 34823 9491 12 - - JJ 34823 9491 13 business business JJ 34823 9491 14 purposes purpose NNS 34823 9491 15 is be VBZ 34823 9491 16 the the DT 34823 9491 17 public public JJ 34823 9491 18 loan loan NN 34823 9491 19 for for IN 34823 9491 20 war war NN 34823 9491 21 purposes purpose NNS 34823 9491 22 , , , 34823 9491 23 or or CC 34823 9491 24 to to TO 34823 9491 25 meet meet VB 34823 9491 26 fiscal fiscal JJ 34823 9491 27 deficits deficit NNS 34823 9491 28 . . . 34823 9492 1 In in IN 34823 9492 2 the the DT 34823 9492 3 case case NN 34823 9492 4 of of IN 34823 9492 5 war war NN 34823 9492 6 loans loan NNS 34823 9492 7 , , , 34823 9492 8 the the DT 34823 9492 9 emergencies emergency NNS 34823 9492 10 are be VBP 34823 9492 11 often often RB 34823 9492 12 so so RB 34823 9492 13 great great JJ 34823 9492 14 that that IN 34823 9492 15 the the DT 34823 9492 16 rate rate NN 34823 9492 17 of of IN 34823 9492 18 interest interest NN 34823 9492 19 makes make VBZ 34823 9492 20 little little JJ 34823 9492 21 difference difference NN 34823 9492 22 . . . 34823 9493 1 [ [ -LRB- 34823 9493 2 505 505 CD 34823 9493 3 ] ] -RRB- 34823 9493 4 No no RB 34823 9493 5 longer long RBR 34823 9493 6 true true JJ 34823 9493 7 of of IN 34823 9493 8 Europe Europe NNP 34823 9493 9 , , , 34823 9493 10 probably probably RB 34823 9493 11 , , , 34823 9493 12 since since IN 34823 9493 13 the the DT 34823 9493 14 huge huge JJ 34823 9493 15 war war NN 34823 9493 16 debts debt NNS 34823 9493 17 have have VBP 34823 9493 18 been be VBN 34823 9493 19 incurred incur VBN 34823 9493 20 . . . 34823 9494 1 [ [ -LRB- 34823 9494 2 506 506 CD 34823 9494 3 ] ] -RRB- 34823 9494 4 The the DT 34823 9494 5 interest interest NN 34823 9494 6 so so RB 34823 9494 7 defaulted defaulted JJ 34823 9494 8 is be VBZ 34823 9494 9 cumulative cumulative JJ 34823 9494 10 , , , 34823 9494 11 like like IN 34823 9494 12 a a DT 34823 9494 13 preferred preferred JJ 34823 9494 14 dividend dividend NN 34823 9494 15 , , , 34823 9494 16 for for IN 34823 9494 17 years year NNS 34823 9494 18 after after IN 34823 9494 19 1909 1909 CD 34823 9494 20 . . . 34823 9495 1 Wall Wall NNP 34823 9495 2 Street Street NNP 34823 9495 3 speaks speak VBZ 34823 9495 4 of of IN 34823 9495 5 this this DT 34823 9495 6 issue issue NN 34823 9495 7 as as IN 34823 9495 8 a a DT 34823 9495 9 " " `` 34823 9495 10 half half NN 34823 9495 11 - - HYPH 34823 9495 12 bond bond NN 34823 9495 13 . . . 34823 9495 14 " " '' 34823 9496 1 [ [ -LRB- 34823 9496 2 507 507 CD 34823 9496 3 ] ] -RRB- 34823 9496 4 _ _ NNP 34823 9496 5 Supra Supra NNP 34823 9496 6 _ _ NNP 34823 9496 7 , , , 34823 9496 8 chapter chapter NN 34823 9496 9 on on IN 34823 9496 10 " " `` 34823 9496 11 Origin Origin NNP 34823 9496 12 of of IN 34823 9496 13 Money Money NNP 34823 9496 14 . . . 34823 9496 15 " " '' 34823 9497 1 [ [ -LRB- 34823 9497 2 508 508 CD 34823 9497 3 ] ] -RRB- 34823 9497 4 " " `` 34823 9497 5 It -PRON- PRP 34823 9497 6 is be VBZ 34823 9497 7 needless needless JJ 34823 9497 8 to to TO 34823 9497 9 say say VB 34823 9497 10 that that IN 34823 9497 11 Government Government NNP 34823 9497 12 bonds bond NNS 34823 9497 13 always always RB 34823 9497 14 rank rank VBP 34823 9497 15 as as IN 34823 9497 16 the the DT 34823 9497 17 very very RB 34823 9497 18 highest high JJS 34823 9497 19 class class NN 34823 9497 20 of of IN 34823 9497 21 collateral collateral NN 34823 9497 22 , , , 34823 9497 23 and and CC 34823 9497 24 the the DT 34823 9497 25 banks bank NNS 34823 9497 26 require require VBP 34823 9497 27 no no DT 34823 9497 28 margin margin NN 34823 9497 29 on on IN 34823 9497 30 such such JJ 34823 9497 31 security security NN 34823 9497 32 . . . 34823 9497 33 " " '' 34823 9498 1 Pratt Pratt NNP 34823 9498 2 , , , 34823 9498 3 _ _ NNP 34823 9498 4 Work Work NNP 34823 9498 5 of of IN 34823 9498 6 Wall Wall NNP 34823 9498 7 Street Street NNP 34823 9498 8 _ _ NNP 34823 9498 9 , , , 34823 9498 10 1912 1912 CD 34823 9498 11 ed ed NNP 34823 9498 12 . . NNP 34823 9498 13 , , , 34823 9498 14 p. p. NN 34823 9498 15 287 287 CD 34823 9498 16 . . . 34823 9499 1 This this DT 34823 9499 2 , , , 34823 9499 3 it -PRON- PRP 34823 9499 4 need nee MD 34823 9499 5 not not RB 34823 9499 6 be be VB 34823 9499 7 said say VBN 34823 9499 8 , , , 34823 9499 9 is be VBZ 34823 9499 10 not not RB 34823 9499 11 always always RB 34823 9499 12 true true JJ 34823 9499 13 ! ! . 34823 9500 1 [ [ -LRB- 34823 9500 2 509 509 CD 34823 9500 3 ] ] -RRB- 34823 9500 4 Veblen Veblen NNP 34823 9500 5 has have VBZ 34823 9500 6 elaborated elaborate VBN 34823 9500 7 the the DT 34823 9500 8 doctrine doctrine NN 34823 9500 9 that that IN 34823 9500 10 stocks stock NNS 34823 9500 11 and and CC 34823 9500 12 bonds bond NNS 34823 9500 13 are be VBP 34823 9500 14 much much RB 34823 9500 15 the the DT 34823 9500 16 same same JJ 34823 9500 17 . . . 34823 9501 1 _ _ NNP 34823 9501 2 Cf Cf NNP 34823 9501 3 . . . 34823 9501 4 _ _ IN 34823 9501 5 the the DT 34823 9501 6 discussion discussion NN 34823 9501 7 in in IN 34823 9501 8 Meade Meade NNP 34823 9501 9 's 's POS 34823 9501 10 _ _ NNP 34823 9501 11 Corporation Corporation NNP 34823 9501 12 Finance Finance NNP 34823 9501 13 _ _ NNP 34823 9501 14 of of IN 34823 9501 15 the the DT 34823 9501 16 relation relation NN 34823 9501 17 of of IN 34823 9501 18 junior junior JJ 34823 9501 19 bonds bond NNS 34823 9501 20 and and CC 34823 9501 21 preferred preferred JJ 34823 9501 22 stocks stock NNS 34823 9501 23 in in IN 34823 9501 24 reorganizations reorganization NNS 34823 9501 25 . . . 34823 9502 1 [ [ -LRB- 34823 9502 2 510 510 CD 34823 9502 3 ] ] -RRB- 34823 9502 4 I -PRON- PRP 34823 9502 5 do do VBP 34823 9502 6 not not RB 34823 9502 7 accept accept VB 34823 9502 8 the the DT 34823 9502 9 imputation imputation NN 34823 9502 10 theory theory NN 34823 9502 11 , , , 34823 9502 12 or or CC 34823 9502 13 the the DT 34823 9502 14 capitalization capitalization NN 34823 9502 15 theory theory NN 34823 9502 16 , , , 34823 9502 17 without without IN 34823 9502 18 qualification qualification NN 34823 9502 19 , , , 34823 9502 20 except except IN 34823 9502 21 as as IN 34823 9502 22 static static JJ 34823 9502 23 first first JJ 34823 9502 24 approximations approximation NNS 34823 9502 25 . . . 34823 9503 1 Values value NNS 34823 9503 2 of of IN 34823 9503 3 " " `` 34823 9503 4 factors factor NNS 34823 9503 5 of of IN 34823 9503 6 production production NN 34823 9503 7 " " `` 34823 9503 8 may may MD 34823 9503 9 easily easily RB 34823 9503 10 become become VB 34823 9503 11 , , , 34823 9503 12 and and CC 34823 9503 13 do do VBP 34823 9503 14 become become VB 34823 9503 15 , , , 34823 9503 16 in in IN 34823 9503 17 large large JJ 34823 9503 18 part part NN 34823 9503 19 independent independent JJ 34823 9503 20 of of IN 34823 9503 21 their -PRON- PRP$ 34823 9503 22 " " `` 34823 9503 23 presuppositions presupposition NNS 34823 9503 24 , , , 34823 9503 25 " " '' 34823 9503 26 _ _ NNP 34823 9503 27 Cf Cf NNP 34823 9503 28 . . . 34823 9503 29 _ _ NNP 34823 9503 30 the the DT 34823 9503 31 chapter chapter NN 34823 9503 32 on on IN 34823 9503 33 " " `` 34823 9503 34 Dodo Dodo NNP 34823 9503 35 - - HYPH 34823 9503 36 Bones Bones NNPS 34823 9503 37 " " '' 34823 9503 38 , , , 34823 9503 39 _ _ NNP 34823 9503 40 supra supra NNP 34823 9503 41 _ _ NNP 34823 9503 42 , , , 34823 9503 43 and and CC 34823 9503 44 the the DT 34823 9503 45 chapter chapter NN 34823 9503 46 on on IN 34823 9503 47 " " `` 34823 9503 48 Economic Economic NNP 34823 9503 49 Value Value NNP 34823 9503 50 . . . 34823 9503 51 " " '' 34823 9504 1 [ [ -LRB- 34823 9504 2 511 511 CD 34823 9504 3 ] ] -RRB- 34823 9504 4 This this DT 34823 9504 5 would would MD 34823 9504 6 seem seem VB 34823 9504 7 to to TO 34823 9504 8 be be VB 34823 9504 9 Davenport Davenport NNP 34823 9504 10 's 's POS 34823 9504 11 view view NN 34823 9504 12 . . . 34823 9505 1 See see VB 34823 9505 2 his -PRON- PRP$ 34823 9505 3 article article NN 34823 9505 4 in in IN 34823 9505 5 the the DT 34823 9505 6 _ _ NNP 34823 9505 7 Quarterly Quarterly NNP 34823 9505 8 Journal Journal NNP 34823 9505 9 of of IN 34823 9505 10 Economics Economics NNP 34823 9505 11 _ _ NNP 34823 9505 12 , , , 34823 9505 13 Nov. November NNP 34823 9505 14 1910 1910 CD 34823 9505 15 . . . 34823 9506 1 [ [ -LRB- 34823 9506 2 512 512 CD 34823 9506 3 ] ] -RRB- 34823 9506 4 To to IN 34823 9506 5 a a DT 34823 9506 6 high high JJ 34823 9506 7 degree degree NN 34823 9506 8 , , , 34823 9506 9 " " `` 34823 9506 10 good good JJ 34823 9506 11 will will NN 34823 9506 12 , , , 34823 9506 13 " " `` 34823 9506 14 trade trade NN 34823 9506 15 - - HYPH 34823 9506 16 marks mark NNS 34823 9506 17 , , , 34823 9506 18 etc etc FW 34823 9506 19 . . FW 34823 9506 20 , , , 34823 9506 21 are be VBP 34823 9506 22 bankable bankable JJ 34823 9506 23 assets asset NNS 34823 9506 24 . . . 34823 9507 1 [ [ -LRB- 34823 9507 2 513 513 CD 34823 9507 3 ] ] -RRB- 34823 9507 4 _ _ NNP 34823 9507 5 Social Social NNP 34823 9507 6 Value Value NNP 34823 9507 7 _ _ NNP 34823 9507 8 , , , 34823 9507 9 1911 1911 CD 34823 9507 10 , , , 34823 9507 11 _ _ NNP 34823 9507 12 passim passim NN 34823 9507 13 _ _ NNP 34823 9507 14 , , , 34823 9507 15 especially especially RB 34823 9507 16 ch ch NN 34823 9507 17 . . . 34823 9508 1 XIII XIII NNP 34823 9508 2 . . . 34823 9509 1 Cooley Cooley NNP 34823 9509 2 , , , 34823 9509 3 C. C. NNP 34823 9509 4 H. H. NNP 34823 9509 5 , , , 34823 9509 6 " " `` 34823 9509 7 Institutional Institutional NNP 34823 9509 8 Character Character NNP 34823 9509 9 of of IN 34823 9509 10 Pecuniary Pecuniary NNP 34823 9509 11 Valuation Valuation NNP 34823 9509 12 , , , 34823 9509 13 " " `` 34823 9509 14 _ _ NNP 34823 9509 15 Am Am NNP 34823 9509 16 . . . 34823 9510 1 Jour Jour NNP 34823 9510 2 . . . 34823 9511 1 of of IN 34823 9511 2 Sociology Sociology NNP 34823 9511 3 _ _ NNP 34823 9511 4 , , , 34823 9511 5 Jan. January NNP 34823 9511 6 1913 1913 CD 34823 9511 7 . . . 34823 9512 1 [ [ -LRB- 34823 9512 2 514 514 CD 34823 9512 3 ] ] -RRB- 34823 9512 4 _ _ NNP 34823 9512 5 Cf Cf NNP 34823 9512 6 . . . 34823 9512 7 _ _ IN 34823 9512 8 my -PRON- PRP$ 34823 9512 9 article article NN 34823 9512 10 , , , 34823 9512 11 " " `` 34823 9512 12 Schumpeter Schumpeter NNP 34823 9512 13 's 's POS 34823 9512 14 Dynamic Dynamic NNP 34823 9512 15 Economics Economics NNP 34823 9512 16 , , , 34823 9512 17 " " '' 34823 9512 18 _ _ NNP 34823 9512 19 Political Political NNP 34823 9512 20 Science Science NNP 34823 9512 21 Quarterly Quarterly NNP 34823 9512 22 _ _ NNP 34823 9512 23 , , , 34823 9512 24 Dec. December NNP 34823 9512 25 1915 1915 CD 34823 9512 26 , , , 34823 9512 27 and and CC 34823 9512 28 the the DT 34823 9512 29 chapter chapter NN 34823 9512 30 on on IN 34823 9512 31 " " `` 34823 9512 32 Marginal Marginal NNP 34823 9512 33 Utility Utility NNP 34823 9512 34 , , , 34823 9512 35 " " '' 34823 9512 36 _ _ NNP 34823 9512 37 supra supra NNP 34823 9512 38 _ _ NNP 34823 9512 39 . . . 34823 9513 1 That that IN 34823 9513 2 the the DT 34823 9513 3 new new JJ 34823 9513 4 bank bank NN 34823 9513 5 - - HYPH 34823 9513 6 credit credit NN 34823 9513 7 , , , 34823 9513 8 without without IN 34823 9513 9 the the DT 34823 9513 10 painful painful JJ 34823 9513 11 _ _ NNP 34823 9513 12 preliminary preliminary JJ 34823 9513 13 _ _ NNP 34823 9513 14 " " `` 34823 9513 15 abstinence abstinence NN 34823 9513 16 " " '' 34823 9513 17 which which WDT 34823 9513 18 the the DT 34823 9513 19 classical classical JJ 34823 9513 20 economics economic NNS 34823 9513 21 has have VBZ 34823 9513 22 stressed stress VBN 34823 9513 23 , , , 34823 9513 24 is be VBZ 34823 9513 25 enough enough JJ 34823 9513 26 to to TO 34823 9513 27 provide provide VB 34823 9513 28 capital capital NN 34823 9513 29 for for IN 34823 9513 30 a a DT 34823 9513 31 new new JJ 34823 9513 32 enterprise enterprise NN 34823 9513 33 is be VBZ 34823 9513 34 , , , 34823 9513 35 as as IN 34823 9513 36 Schumpeter Schumpeter NNP 34823 9513 37 insists insist VBZ 34823 9513 38 , , , 34823 9513 39 true true JJ 34823 9513 40 . . . 34823 9514 1 Schumpeter Schumpeter NNP 34823 9514 2 has have VBZ 34823 9514 3 made make VBN 34823 9514 4 an an DT 34823 9514 5 important important JJ 34823 9514 6 contribution contribution NN 34823 9514 7 in in IN 34823 9514 8 his -PRON- PRP$ 34823 9514 9 emphasis emphasis NN 34823 9514 10 on on IN 34823 9514 11 this this DT 34823 9514 12 too too RB 34823 9514 13 much much JJ 34823 9514 14 neglected neglect VBN 34823 9514 15 point point NN 34823 9514 16 . . . 34823 9515 1 But but CC 34823 9515 2 it -PRON- PRP 34823 9515 3 should should MD 34823 9515 4 be be VB 34823 9515 5 noted note VBN 34823 9515 6 that that IN 34823 9515 7 this this DT 34823 9515 8 does do VBZ 34823 9515 9 not not RB 34823 9515 10 dispense dispense VB 34823 9515 11 with with IN 34823 9515 12 curtailing curtailing NN 34823 9515 13 of of IN 34823 9515 14 consumption consumption NN 34823 9515 15 , , , 34823 9515 16 and and CC 34823 9515 17 " " `` 34823 9515 18 abstinence abstinence NN 34823 9515 19 . . . 34823 9515 20 " " '' 34823 9516 1 It -PRON- PRP 34823 9516 2 merely merely RB 34823 9516 3 shifts shift VBZ 34823 9516 4 the the DT 34823 9516 5 necessity necessity NN 34823 9516 6 for for IN 34823 9516 7 curtailing curtail VBG 34823 9516 8 consumption consumption NN 34823 9516 9 to to IN 34823 9516 10 some some DT 34823 9516 11 one one NN 34823 9516 12 else else RB 34823 9516 13 . . . 34823 9517 1 The the DT 34823 9517 2 new new JJ 34823 9517 3 plan plan NN 34823 9517 4 of of IN 34823 9517 5 the the DT 34823 9517 6 dynamic dynamic JJ 34823 9517 7 entrepreneur entrepreneur NN 34823 9517 8 , , , 34823 9517 9 by by IN 34823 9517 10 means mean NNS 34823 9517 11 of of IN 34823 9517 12 bank bank NN 34823 9517 13 credit credit NN 34823 9517 14 , , , 34823 9517 15 draws draw VBZ 34823 9517 16 labor labor NN 34823 9517 17 and and CC 34823 9517 18 capital capital NN 34823 9517 19 away away RB 34823 9517 20 from from IN 34823 9517 21 the the DT 34823 9517 22 existing exist VBG 34823 9517 23 static static JJ 34823 9517 24 enterprises enterprise NNS 34823 9517 25 . . . 34823 9518 1 That that DT 34823 9518 2 curtails curtail VBZ 34823 9518 3 their -PRON- PRP$ 34823 9518 4 output output NN 34823 9518 5 . . . 34823 9519 1 That that DT 34823 9519 2 leaves leave VBZ 34823 9519 3 less less JJR 34823 9519 4 goods good NNS 34823 9519 5 of of IN 34823 9519 6 the the DT 34823 9519 7 old old JJ 34823 9519 8 kinds kind NNS 34823 9519 9 for for IN 34823 9519 10 people people NNS 34823 9519 11 to to TO 34823 9519 12 consume consume VB 34823 9519 13 . . . 34823 9520 1 That that DT 34823 9520 2 means mean VBZ 34823 9520 3 higher high JJR 34823 9520 4 prices price NNS 34823 9520 5 for for IN 34823 9520 6 consumption consumption NN 34823 9520 7 goods good NNS 34823 9520 8 , , , 34823 9520 9 in in IN 34823 9520 10 the the DT 34823 9520 11 interval interval NN 34823 9520 12 between between IN 34823 9520 13 the the DT 34823 9520 14 starting starting NN 34823 9520 15 of of IN 34823 9520 16 the the DT 34823 9520 17 new new JJ 34823 9520 18 enterprise enterprise NN 34823 9520 19 and and CC 34823 9520 20 the the DT 34823 9520 21 time time NN 34823 9520 22 when when WRB 34823 9520 23 its -PRON- PRP$ 34823 9520 24 finished finished JJ 34823 9520 25 products product NNS 34823 9520 26 are be VBP 34823 9520 27 added add VBN 34823 9520 28 to to IN 34823 9520 29 the the DT 34823 9520 30 " " `` 34823 9520 31 real real JJ 34823 9520 32 income income NN 34823 9520 33 " " '' 34823 9520 34 of of IN 34823 9520 35 the the DT 34823 9520 36 community community NN 34823 9520 37 . . . 34823 9521 1 Extensions extension NNS 34823 9521 2 of of IN 34823 9521 3 bank bank NN 34823 9521 4 credit credit NN 34823 9521 5 , , , 34823 9521 6 there there RB 34823 9521 7 , , , 34823 9521 8 shift shift VB 34823 9521 9 the the DT 34823 9521 10 burden burden NN 34823 9521 11 of of IN 34823 9521 12 " " `` 34823 9521 13 abstinence abstinence NN 34823 9521 14 " " '' 34823 9521 15 to to IN 34823 9521 16 the the DT 34823 9521 17 consumer consumer NN 34823 9521 18 , , , 34823 9521 19 and and CC 34823 9521 20 to to IN 34823 9521 21 the the DT 34823 9521 22 static static JJ 34823 9521 23 producer producer NN 34823 9521 24 . . . 34823 9522 1 " " `` 34823 9522 2 Saving saving NN 34823 9522 3 " " '' 34823 9522 4 is be VBZ 34823 9522 5 still still RB 34823 9522 6 the the DT 34823 9522 7 source source NN 34823 9522 8 of of IN 34823 9522 9 capital capital NN 34823 9522 10 , , , 34823 9522 11 but but CC 34823 9522 12 it -PRON- PRP 34823 9522 13 is be VBZ 34823 9522 14 involuntary involuntary JJ 34823 9522 15 saving saving NN 34823 9522 16 . . . 34823 9523 1 [ [ -LRB- 34823 9523 2 515 515 CD 34823 9523 3 ] ] -RRB- 34823 9523 4 In in IN 34823 9523 5 1912 1912 CD 34823 9523 6 , , , 34823 9523 7 the the DT 34823 9523 8 First First NNP 34823 9523 9 National National NNP 34823 9523 10 Bank Bank NNP 34823 9523 11 of of IN 34823 9523 12 New New NNP 34823 9523 13 York York NNP 34823 9523 14 owned own VBD 34823 9523 15 43 43 CD 34823 9523 16 millions million NNS 34823 9523 17 of of IN 34823 9523 18 bonds bond NNS 34823 9523 19 , , , 34823 9523 20 but but CC 34823 9523 21 no no DT 34823 9523 22 stocks stock NNS 34823 9523 23 . . . 34823 9524 1 Report Report NNP 34823 9524 2 of of IN 34823 9524 3 Pujo Pujo NNP 34823 9524 4 Committee Committee NNP 34823 9524 5 , , , 34823 9524 6 Feb. February NNP 34823 9524 7 28 28 CD 34823 9524 8 , , , 34823 9524 9 1913 1913 CD 34823 9524 10 , , , 34823 9524 11 p. p. NN 34823 9524 12 66 66 CD 34823 9524 13 . . . 34823 9525 1 The the DT 34823 9525 2 National National NNP 34823 9525 3 City City NNP 34823 9525 4 Bank Bank NNP 34823 9525 5 had have VBD 34823 9525 6 33 33 CD 34823 9525 7 millions million NNS 34823 9525 8 in in IN 34823 9525 9 bonds bond NNS 34823 9525 10 , , , 34823 9525 11 but but CC 34823 9525 12 no no DT 34823 9525 13 stocks stock NNS 34823 9525 14 . . . 34823 9526 1 _ _ NNP 34823 9526 2 Ibid Ibid NNP 34823 9526 3 . . . 34823 9526 4 _ _ NNP 34823 9526 5 , , , 34823 9526 6 p. p. NN 34823 9526 7 72 72 CD 34823 9526 8 . . . 34823 9527 1 State state NN 34823 9527 2 banks bank NNS 34823 9527 3 own own VBP 34823 9527 4 few few JJ 34823 9527 5 stocks stock NNS 34823 9527 6 ; ; : 34823 9527 7 trust trust NN 34823 9527 8 companies company NNS 34823 9527 9 own own VBP 34823 9527 10 a a DT 34823 9527 11 good good JJ 34823 9527 12 many many JJ 34823 9527 13 . . . 34823 9528 1 [ [ -LRB- 34823 9528 2 516 516 CD 34823 9528 3 ] ] -RRB- 34823 9528 4 _ _ NNP 34823 9528 5 Cf Cf NNP 34823 9528 6 . . . 34823 9528 7 _ _ NNP 34823 9528 8 the the DT 34823 9528 9 chapter chapter NN 34823 9528 10 on on IN 34823 9528 11 " " `` 34823 9528 12 The the DT 34823 9528 13 Origin Origin NNP 34823 9528 14 of of IN 34823 9528 15 Money Money NNP 34823 9528 16 , , , 34823 9528 17 " " '' 34823 9528 18 _ _ NNP 34823 9528 19 supra supra NNP 34823 9528 20 _ _ NNP 34823 9528 21 . . . 34823 9529 1 [ [ -LRB- 34823 9529 2 517 517 CD 34823 9529 3 ] ] -RRB- 34823 9529 4 In in IN 34823 9529 5 March March NNP 34823 9529 6 , , , 34823 9529 7 1916 1916 CD 34823 9529 8 , , , 34823 9529 9 one one CD 34823 9529 10 of of IN 34823 9529 11 the the DT 34823 9529 12 largest large JJS 34823 9529 13 banking banking NN 34823 9529 14 houses house NNS 34823 9529 15 in in IN 34823 9529 16 Boston Boston NNP 34823 9529 17 informed inform VBD 34823 9529 18 the the DT 34823 9529 19 writer writer NN 34823 9529 20 that that IN 34823 9529 21 over over IN 34823 9529 22 one one CD 34823 9529 23 - - HYPH 34823 9529 24 fourth fourth NN 34823 9529 25 of of IN 34823 9529 26 its -PRON- PRP$ 34823 9529 27 notes note NNS 34823 9529 28 and and CC 34823 9529 29 discounts discount NNS 34823 9529 30 ( ( -LRB- 34823 9529 31 including include VBG 34823 9529 32 all all DT 34823 9529 33 forms form NNS 34823 9529 34 of of IN 34823 9529 35 loans loan NNS 34823 9529 36 ) ) -RRB- 34823 9529 37 had have VBD 34823 9529 38 been be VBN 34823 9529 39 bought buy VBN 34823 9529 40 through through IN 34823 9529 41 note note NN 34823 9529 42 - - HYPH 34823 9529 43 brokers broker NNS 34823 9529 44 . . . 34823 9530 1 [ [ -LRB- 34823 9530 2 518 518 CD 34823 9530 3 ] ] -RRB- 34823 9530 4 _ _ NNP 34823 9530 5 Cf Cf NNP 34823 9530 6 . . . 34823 9530 7 _ _ NNP 34823 9530 8 , , , 34823 9530 9 _ _ NNP 34823 9530 10 e. e. NNP 34823 9531 1 g. g. NNP 34823 9531 2 _ _ NNP 34823 9531 3 , , , 34823 9531 4 pp pp NNP 34823 9531 5 . . . 34823 9532 1 135ff 135ff NNP 34823 9532 2 . . . 34823 9533 1 of of IN 34823 9533 2 Scott Scott NNP 34823 9533 3 's 's POS 34823 9533 4 excellent excellent JJ 34823 9533 5 _ _ NNP 34823 9533 6 Money Money NNP 34823 9533 7 and and CC 34823 9533 8 Banking Banking NNP 34823 9533 9 _ _ NNP 34823 9533 10 , , , 34823 9533 11 Rev. Rev. NNP 34823 9534 1 ed ed NNP 34823 9534 2 . . NNP 34823 9534 3 , , , 34823 9534 4 New New NNP 34823 9534 5 York York NNP 34823 9534 6 , , , 34823 9534 7 1910 1910 CD 34823 9534 8 . . . 34823 9535 1 [ [ -LRB- 34823 9535 2 519 519 CD 34823 9535 3 ] ] -RRB- 34823 9535 4 The the DT 34823 9535 5 year year NN 34823 9535 6 1909 1909 CD 34823 9535 7 is be VBZ 34823 9535 8 chosen choose VBN 34823 9535 9 , , , 34823 9535 10 in in IN 34823 9535 11 order order NN 34823 9535 12 that that IN 34823 9535 13 comparison comparison NN 34823 9535 14 may may MD 34823 9535 15 be be VB 34823 9535 16 more more RBR 34823 9535 17 readily readily RB 34823 9535 18 made make VBN 34823 9535 19 with with IN 34823 9535 20 the the DT 34823 9535 21 figures figure NNS 34823 9535 22 of of IN 34823 9535 23 Dean Dean NNP 34823 9535 24 Kinley Kinley NNP 34823 9535 25 's 's POS 34823 9535 26 investigations investigation NNS 34823 9535 27 based base VBN 34823 9535 28 on on IN 34823 9535 29 reported report VBN 34823 9535 30 deposits deposit NNS 34823 9535 31 made make VBN 34823 9535 32 on on IN 34823 9535 33 March March NNP 34823 9535 34 16 16 CD 34823 9535 35 of of IN 34823 9535 36 that that DT 34823 9535 37 year year NN 34823 9535 38 . . . 34823 9536 1 The the DT 34823 9536 2 figures figure NNS 34823 9536 3 quoted quote VBN 34823 9536 4 are be VBP 34823 9536 5 taken take VBN 34823 9536 6 from from IN 34823 9536 7 p. p. NN 34823 9536 8 39 39 CD 34823 9536 9 of of IN 34823 9536 10 the the DT 34823 9536 11 Report Report NNP 34823 9536 12 of of IN 34823 9536 13 the the DT 34823 9536 14 Comptroller Comptroller NNP 34823 9536 15 for for IN 34823 9536 16 1913 1913 CD 34823 9536 17 . . . 34823 9537 1 [ [ -LRB- 34823 9537 2 520 520 CD 34823 9537 3 ] ] -RRB- 34823 9537 4 Even even RB 34823 9537 5 excluding exclude VBG 34823 9537 6 the the DT 34823 9537 7 item item NN 34823 9537 8 " " `` 34823 9537 9 due due JJ 34823 9537 10 from from IN 34823 9537 11 other other JJ 34823 9537 12 banks bank NNS 34823 9537 13 and and CC 34823 9537 14 bankers banker NNS 34823 9537 15 , , , 34823 9537 16 " " '' 34823 9537 17 as as IN 34823 9537 18 representing represent VBG 34823 9537 19 duplications duplication NNS 34823 9537 20 , , , 34823 9537 21 the the DT 34823 9537 22 item item NN 34823 9537 23 " " `` 34823 9537 24 other other JJ 34823 9537 25 loans loan NNS 34823 9537 26 and and CC 34823 9537 27 discounts discount NNS 34823 9537 28 " " `` 34823 9537 29 remains remain VBZ 34823 9537 30 approximately approximately RB 34823 9537 31 only only RB 34823 9537 32 one one CD 34823 9537 33 - - HYPH 34823 9537 34 fourth fourth NN 34823 9537 35 of of IN 34823 9537 36 total total JJ 34823 9537 37 banking banking NN 34823 9537 38 assets asset NNS 34823 9537 39 . . . 34823 9538 1 [ [ -LRB- 34823 9538 2 521 521 CD 34823 9538 3 ] ] -RRB- 34823 9538 4 Almost almost RB 34823 9538 5 all all DT 34823 9538 6 agricultural agricultural JJ 34823 9538 7 processes process NNS 34823 9538 8 require require VBP 34823 9538 9 more more JJR 34823 9538 10 than than IN 34823 9538 11 six six CD 34823 9538 12 months month NNS 34823 9538 13 from from IN 34823 9538 14 their -PRON- PRP$ 34823 9538 15 inception inception NN 34823 9538 16 to to IN 34823 9538 17 the the DT 34823 9538 18 marketing marketing NN 34823 9538 19 of of IN 34823 9538 20 the the DT 34823 9538 21 product product NN 34823 9538 22 . . . 34823 9539 1 [ [ -LRB- 34823 9539 2 522 522 CD 34823 9539 3 ] ] -RRB- 34823 9539 4 This this DT 34823 9539 5 view view NN 34823 9539 6 would would MD 34823 9539 7 seem seem VB 34823 9539 8 to to TO 34823 9539 9 correspond correspond VB 34823 9539 10 with with IN 34823 9539 11 the the DT 34823 9539 12 view view NN 34823 9539 13 of of IN 34823 9539 14 Babson Babson NNP 34823 9539 15 and and CC 34823 9539 16 May May NNP 34823 9539 17 ( ( -LRB- 34823 9539 18 _ _ NNP 34823 9539 19 Commercial Commercial NNP 34823 9539 20 Paper Paper NNP 34823 9539 21 _ _ NNP 34823 9539 22 , , , 34823 9539 23 1912 1912 CD 34823 9539 24 ) ) -RRB- 34823 9539 25 , , , 34823 9539 26 and and CC 34823 9539 27 of of IN 34823 9539 28 W. W. NNP 34823 9539 29 A. a. NN 34823 9539 30 Scott Scott NNP 34823 9539 31 ( ( -LRB- 34823 9539 32 " " `` 34823 9539 33 Investment Investment NNP 34823 9539 34 vs. vs. IN 34823 9539 35 Commercial Commercial NNP 34823 9539 36 Banking Banking NNP 34823 9539 37 , , , 34823 9539 38 " " '' 34823 9539 39 _ _ NNP 34823 9539 40 Proceedings Proceedings NNP 34823 9539 41 of of IN 34823 9539 42 Investment Investment NNP 34823 9539 43 Bankers Bankers NNPS 34823 9539 44 ' ' POS 34823 9539 45 Association Association NNP 34823 9539 46 of of IN 34823 9539 47 America America NNP 34823 9539 48 _ _ NNP 34823 9539 49 , , , 34823 9539 50 1913 1913 CD 34823 9539 51 , , , 34823 9539 52 pp pp NNP 34823 9539 53 . . . 34823 9540 1 81 81 CD 34823 9540 2 - - SYM 34823 9540 3 84 84 CD 34823 9540 4 ) ) -RRB- 34823 9540 5 . . . 34823 9541 1 Both both DT 34823 9541 2 of of IN 34823 9541 3 these these DT 34823 9541 4 discussions discussion NNS 34823 9541 5 appear appear VBP 34823 9541 6 in in IN 34823 9541 7 Moulton Moulton NNP 34823 9541 8 , , , 34823 9541 9 _ _ NNP 34823 9541 10 Money Money NNP 34823 9541 11 and and CC 34823 9541 12 Banking Banking NNP 34823 9541 13 _ _ NNP 34823 9541 14 , , , 34823 9541 15 Pt Pt NNP 34823 9541 16 . . . 34823 9542 1 II II NNP 34823 9542 2 , , , 34823 9542 3 pp pp NNP 34823 9542 4 . . . 34823 9543 1 70 70 CD 34823 9543 2 and and CC 34823 9543 3 75 75 CD 34823 9543 4 - - SYM 34823 9543 5 77 77 CD 34823 9543 6 . . . 34823 9544 1 Dr. Dr. NNP 34823 9544 2 J. J. NNP 34823 9544 3 E. E. NNP 34823 9544 4 Pope Pope NNP 34823 9544 5 considers consider VBZ 34823 9544 6 the the DT 34823 9544 7 view view NN 34823 9544 8 correct correct JJ 34823 9544 9 . . . 34823 9545 1 On on IN 34823 9545 2 the the DT 34823 9545 3 other other JJ 34823 9545 4 hand hand NN 34823 9545 5 , , , 34823 9545 6 Professor Professor NNP 34823 9545 7 O. O. NNP 34823 9545 8 M. M. NNP 34823 9545 9 W. W. NNP 34823 9545 10 Sprague Sprague NNP 34823 9545 11 thinks think VBZ 34823 9545 12 the the DT 34823 9545 13 " " `` 34823 9545 14 other other JJ 34823 9545 15 loans loan NNS 34823 9545 16 and and CC 34823 9545 17 discounts discount NNS 34823 9545 18 " " '' 34823 9545 19 of of IN 34823 9545 20 large large JJ 34823 9545 21 city city NN 34823 9545 22 banks bank NNS 34823 9545 23 are be VBP 34823 9545 24 more more RBR 34823 9545 25 liquid liquid JJ 34823 9545 26 than than IN 34823 9545 27 my -PRON- PRP$ 34823 9545 28 statement statement NN 34823 9545 29 would would MD 34823 9545 30 indicate indicate VB 34823 9545 31 . . . 34823 9546 1 [ [ -LRB- 34823 9546 2 523 523 CD 34823 9546 3 ] ] -RRB- 34823 9546 4 _ _ NNP 34823 9546 5 Principles Principles NNPS 34823 9546 6 of of IN 34823 9546 7 Money Money NNP 34823 9546 8 and and CC 34823 9546 9 Banking Banking NNP 34823 9546 10 _ _ NNP 34823 9546 11 , , , 34823 9546 12 II II NNP 34823 9546 13 , , , 34823 9546 14 p. p. NN 34823 9546 15 52 52 CD 34823 9546 16 . . . 34823 9547 1 [ [ -LRB- 34823 9547 2 524 524 CD 34823 9547 3 ] ] -RRB- 34823 9547 4 _ _ NNP 34823 9547 5 Report Report NNP 34823 9547 6 of of IN 34823 9547 7 the the DT 34823 9547 8 Comptroller Comptroller NNP 34823 9547 9 of of IN 34823 9547 10 the the DT 34823 9547 11 Currency Currency NNP 34823 9547 12 _ _ NNP 34823 9547 13 , , , 34823 9547 14 vol vol NNP 34823 9547 15 . . . 34823 9548 1 II II NNP 34823 9548 2 , , , 34823 9548 3 pp pp NNP 34823 9548 4 . . . 34823 9549 1 145 145 CD 34823 9549 2 _ _ NNP 34823 9549 3 et et NNP 34823 9549 4 seq seq NN 34823 9549 5 . . . 34823 9549 6 _ _ NNP 34823 9549 7 [ [ -LRB- 34823 9549 8 525 525 CD 34823 9549 9 ] ] -RRB- 34823 9549 10 Total total JJ 34823 9549 11 collateral collateral JJ 34823 9549 12 loans loan NNS 34823 9549 13 in in IN 34823 9549 14 New New NNP 34823 9549 15 York York NNP 34823 9549 16 City City NNP 34823 9549 17 on on IN 34823 9549 18 that that DT 34823 9549 19 date date NN 34823 9549 20 were be VBD 34823 9549 21 $ $ $ 34823 9549 22 719,327,596 719,327,596 CD 34823 9549 23 . . . 34823 9550 1 This this DT 34823 9550 2 is be VBZ 34823 9550 3 for for IN 34823 9550 4 national national JJ 34823 9550 5 banks bank NNS 34823 9550 6 alone alone RB 34823 9550 7 . . . 34823 9551 1 _ _ NNP 34823 9551 2 Report Report NNP 34823 9551 3 of of IN 34823 9551 4 Comptroller Comptroller NNP 34823 9551 5 _ _ NNP 34823 9551 6 , , , 34823 9551 7 1915 1915 CD 34823 9551 8 , , , 34823 9551 9 II II NNP 34823 9551 10 , , , 34823 9551 11 144 144 CD 34823 9551 12 . . . 34823 9552 1 There there EX 34823 9552 2 is be VBZ 34823 9552 3 every every DT 34823 9552 4 reason reason NN 34823 9552 5 to to TO 34823 9552 6 suppose suppose VB 34823 9552 7 that that IN 34823 9552 8 if if IN 34823 9552 9 trust trust NN 34823 9552 10 companies company NNS 34823 9552 11 and and CC 34823 9552 12 private private JJ 34823 9552 13 banks bank NNS 34823 9552 14 were be VBD 34823 9552 15 included include VBN 34823 9552 16 , , , 34823 9552 17 the the DT 34823 9552 18 _ _ NNP 34823 9552 19 proportion proportion NN 34823 9552 20 _ _ NNP 34823 9552 21 of of IN 34823 9552 22 stock stock NN 34823 9552 23 exchange exchange NN 34823 9552 24 collateral collateral NN 34823 9552 25 loans loan NNS 34823 9552 26 would would MD 34823 9552 27 be be VB 34823 9552 28 very very RB 34823 9552 29 much much RB 34823 9552 30 higher high JJR 34823 9552 31 . . . 34823 9553 1 [ [ -LRB- 34823 9553 2 526 526 CD 34823 9553 3 ] ] -RRB- 34823 9553 4 I -PRON- PRP 34823 9553 5 am be VBP 34823 9553 6 very very RB 34823 9553 7 fortunate fortunate JJ 34823 9553 8 in in IN 34823 9553 9 having have VBG 34823 9553 10 the the DT 34823 9553 11 views view NNS 34823 9553 12 of of IN 34823 9553 13 Dr. Dr. NNP 34823 9553 14 J. J. NNP 34823 9553 15 E. E. NNP 34823 9553 16 Pope Pope NNP 34823 9553 17 on on IN 34823 9553 18 this this DT 34823 9553 19 question question NN 34823 9553 20 . . . 34823 9554 1 I -PRON- PRP 34823 9554 2 know know VBP 34823 9554 3 no no DT 34823 9554 4 one one NN 34823 9554 5 whose whose WP$ 34823 9554 6 knowledge knowledge NN 34823 9554 7 of of IN 34823 9554 8 agricultural agricultural JJ 34823 9554 9 credit credit NN 34823 9554 10 , , , 34823 9554 11 whether whether IN 34823 9554 12 of of IN 34823 9554 13 American american JJ 34823 9554 14 or or CC 34823 9554 15 of of IN 34823 9554 16 European european JJ 34823 9554 17 conditions condition NNS 34823 9554 18 , , , 34823 9554 19 is be VBZ 34823 9554 20 so so RB 34823 9554 21 thorough thorough JJ 34823 9554 22 and and CC 34823 9554 23 extensive extensive JJ 34823 9554 24 . . . 34823 9555 1 [ [ -LRB- 34823 9555 2 527 527 CD 34823 9555 3 ] ] -RRB- 34823 9555 4 This this DT 34823 9555 5 table table NN 34823 9555 6 is be VBZ 34823 9555 7 constructed construct VBN 34823 9555 8 on on IN 34823 9555 9 the the DT 34823 9555 10 basis basis NN 34823 9555 11 of of IN 34823 9555 12 data datum NNS 34823 9555 13 in in IN 34823 9555 14 the the DT 34823 9555 15 _ _ NNP 34823 9555 16 Report Report NNP 34823 9555 17 of of IN 34823 9555 18 the the DT 34823 9555 19 Comptroller Comptroller NNP 34823 9555 20 _ _ NNP 34823 9555 21 for for IN 34823 9555 22 1913 1913 CD 34823 9555 23 , , , 34823 9555 24 pp pp NNP 34823 9555 25 . . . 34823 9556 1 774 774 CD 34823 9556 2 - - SYM 34823 9556 3 78 78 CD 34823 9556 4 . . . 34823 9557 1 [ [ -LRB- 34823 9557 2 528 528 CD 34823 9557 3 ] ] -RRB- 34823 9557 4 A a DT 34823 9557 5 single single JJ 34823 9557 6 observation observation NN 34823 9557 7 does do VBZ 34823 9557 8 not not RB 34823 9557 9 justify justify VB 34823 9557 10 very very RB 34823 9557 11 confident confident JJ 34823 9557 12 conclusions conclusion NNS 34823 9557 13 , , , 34823 9557 14 and and CC 34823 9557 15 figures figure NNS 34823 9557 16 for for IN 34823 9557 17 subsequent subsequent JJ 34823 9557 18 years year NNS 34823 9557 19 may may MD 34823 9557 20 alter alter VB 34823 9557 21 this this DT 34823 9557 22 . . . 34823 9558 1 There there EX 34823 9558 2 is be VBZ 34823 9558 3 reason reason NN 34823 9558 4 for for IN 34823 9558 5 supposing suppose VBG 34823 9558 6 that that DT 34823 9558 7 commodity commodity NN 34823 9558 8 collateral collateral NN 34823 9558 9 was be VBD 34823 9558 10 unusually unusually RB 34823 9558 11 large large JJ 34823 9558 12 in in IN 34823 9558 13 proportion proportion NN 34823 9558 14 in in IN 34823 9558 15 the the DT 34823 9558 16 Comptroller Comptroller NNP 34823 9558 17 's 's POS 34823 9558 18 figures figure NNS 34823 9558 19 for for IN 34823 9558 20 national national JJ 34823 9558 21 banks bank NNS 34823 9558 22 in in IN 34823 9558 23 June June NNP 34823 9558 24 , , , 34823 9558 25 1915 1915 CD 34823 9558 26 , , , 34823 9558 27 ( ( -LRB- 34823 9558 28 1 1 LS 34823 9558 29 ) ) -RRB- 34823 9558 30 because because IN 34823 9558 31 the the DT 34823 9558 32 banks bank NNS 34823 9558 33 had have VBD 34823 9558 34 been be VBN 34823 9558 35 trying try VBG 34823 9558 36 to to TO 34823 9558 37 reduce reduce VB 34823 9558 38 stock stock NN 34823 9558 39 collateral collateral NN 34823 9558 40 loans loan NNS 34823 9558 41 , , , 34823 9558 42 following follow VBG 34823 9558 43 the the DT 34823 9558 44 collapse collapse NN 34823 9558 45 of of IN 34823 9558 46 the the DT 34823 9558 47 outbreak outbreak NN 34823 9558 48 of of IN 34823 9558 49 the the DT 34823 9558 50 War War NNP 34823 9558 51 , , , 34823 9558 52 ( ( -LRB- 34823 9558 53 2 2 LS 34823 9558 54 ) ) -RRB- 34823 9558 55 because because IN 34823 9558 56 they -PRON- PRP 34823 9558 57 were be VBD 34823 9558 58 aiding aid VBG 34823 9558 59 cotton cotton NN 34823 9558 60 owners owner NNS 34823 9558 61 to to TO 34823 9558 62 tide tide VB 34823 9558 63 over over RP 34823 9558 64 a a DT 34823 9558 65 period period NN 34823 9558 66 of of IN 34823 9558 67 stress stress NN 34823 9558 68 , , , 34823 9558 69 and and CC 34823 9558 70 ( ( -LRB- 34823 9558 71 3 3 LS 34823 9558 72 ) ) -RRB- 34823 9558 73 because because IN 34823 9558 74 of of IN 34823 9558 75 great great JJ 34823 9558 76 grain grain NN 34823 9558 77 speculation speculation NN 34823 9558 78 . . . 34823 9559 1 Later later RB 34823 9559 2 : : : 34823 9559 3 1916 1916 CD 34823 9559 4 figures figure NNS 34823 9559 5 show show VBP 34823 9559 6 this this DT 34823 9559 7 . . . 34823 9560 1 Comptroller Comptroller NNP 34823 9560 2 's 's POS 34823 9560 3 _ _ NNP 34823 9560 4 Report Report NNP 34823 9560 5 _ _ NNP 34823 9560 6 , , , 34823 9560 7 I -PRON- PRP 34823 9560 8 , , , 34823 9560 9 p. p. NN 34823 9560 10 30 30 CD 34823 9560 11 . . . 34823 9561 1 Stock stock NN 34823 9561 2 loans loan NNS 34823 9561 3 increase increase VBP 34823 9561 4 from from IN 34823 9561 5 66 66 CD 34823 9561 6 % % NN 34823 9561 7 to to IN 34823 9561 8 71.2 71.2 CD 34823 9561 9 % % NN 34823 9561 10 , , , 34823 9561 11 of of IN 34823 9561 12 collateral collateral JJ 34823 9561 13 loans loan NNS 34823 9561 14 . . . 34823 9562 1 [ [ -LRB- 34823 9562 2 529 529 CD 34823 9562 3 ] ] -RRB- 34823 9562 4 The the DT 34823 9562 5 preceding precede VBG 34823 9562 6 argument argument NN 34823 9562 7 would would MD 34823 9562 8 indicate indicate VB 34823 9562 9 that that IN 34823 9562 10 it -PRON- PRP 34823 9562 11 is be VBZ 34823 9562 12 much much RB 34823 9562 13 too too RB 34823 9562 14 high high JJ 34823 9562 15 . . . 34823 9563 1 [ [ -LRB- 34823 9563 2 530 530 CD 34823 9563 3 ] ] -RRB- 34823 9563 4 The the DT 34823 9563 5 figures figure NNS 34823 9563 6 for for IN 34823 9563 7 1909 1909 CD 34823 9563 8 are be VBP 34823 9563 9 fairly fairly RB 34823 9563 10 typical typical JJ 34823 9563 11 of of IN 34823 9563 12 the the DT 34823 9563 13 proportions proportion NNS 34823 9563 14 of of IN 34823 9563 15 these these DT 34823 9563 16 items item NNS 34823 9563 17 in in IN 34823 9563 18 the the DT 34823 9563 19 assets asset NNS 34823 9563 20 of of IN 34823 9563 21 the the DT 34823 9563 22 three three CD 34823 9563 23 classes class NNS 34823 9563 24 of of IN 34823 9563 25 institutions institution NNS 34823 9563 26 for for IN 34823 9563 27 the the DT 34823 9563 28 ten ten CD 34823 9563 29 years year NNS 34823 9563 30 from from IN 34823 9563 31 1904 1904 CD 34823 9563 32 to to IN 34823 9563 33 1914 1914 CD 34823 9563 34 . . . 34823 9564 1 Since since IN 34823 9564 2 1900 1900 CD 34823 9564 3 , , , 34823 9564 4 there there EX 34823 9564 5 has have VBZ 34823 9564 6 been be VBN 34823 9564 7 some some DT 34823 9564 8 increase increase NN 34823 9564 9 in in IN 34823 9564 10 the the DT 34823 9564 11 percentages percentage NNS 34823 9564 12 of of IN 34823 9564 13 real real JJ 34823 9564 14 estate estate NN 34823 9564 15 loans loan NNS 34823 9564 16 and and CC 34823 9564 17 " " `` 34823 9564 18 all all DT 34823 9564 19 other other JJ 34823 9564 20 loans loan NNS 34823 9564 21 , , , 34823 9564 22 " " '' 34823 9564 23 at at IN 34823 9564 24 the the DT 34823 9564 25 expense expense NN 34823 9564 26 of of IN 34823 9564 27 the the DT 34823 9564 28 percentage percentage NN 34823 9564 29 of of IN 34823 9564 30 securities security NNS 34823 9564 31 owned own VBN 34823 9564 32 , , , 34823 9564 33 and and CC 34823 9564 34 collateral collateral JJ 34823 9564 35 loans loan NNS 34823 9564 36 , , , 34823 9564 37 as as IN 34823 9564 38 these these DT 34823 9564 39 years year NNS 34823 9564 40 have have VBP 34823 9564 41 been be VBN 34823 9564 42 years year NNS 34823 9564 43 of of IN 34823 9564 44 reduced reduce VBN 34823 9564 45 activity activity NN 34823 9564 46 on on IN 34823 9564 47 the the DT 34823 9564 48 Stock Stock NNP 34823 9564 49 Exchange Exchange NNP 34823 9564 50 . . . 34823 9565 1 The the DT 34823 9565 2 changes change NNS 34823 9565 3 are be VBP 34823 9565 4 not not RB 34823 9565 5 important important JJ 34823 9565 6 enough enough RB 34823 9565 7 , , , 34823 9565 8 however however RB 34823 9565 9 , , , 34823 9565 10 to to TO 34823 9565 11 modify modify VB 34823 9565 12 any any DT 34823 9565 13 conclusions conclusion NNS 34823 9565 14 which which WDT 34823 9565 15 we -PRON- PRP 34823 9565 16 shall shall MD 34823 9565 17 base base VB 34823 9565 18 on on IN 34823 9565 19 the the DT 34823 9565 20 figures figure NNS 34823 9565 21 here here RB 34823 9565 22 given give VBN 34823 9565 23 . . . 34823 9566 1 All all DT 34823 9566 2 classes class NNS 34823 9566 3 of of IN 34823 9566 4 loans loan NNS 34823 9566 5 have have VBP 34823 9566 6 grown grow VBN 34823 9566 7 , , , 34823 9566 8 and and CC 34823 9566 9 investments investment NNS 34823 9566 10 in in IN 34823 9566 11 securities security NNS 34823 9566 12 have have VBP 34823 9566 13 grown grow VBN 34823 9566 14 , , , 34823 9566 15 but but CC 34823 9566 16 real real JJ 34823 9566 17 estate estate NN 34823 9566 18 loans loan NNS 34823 9566 19 and and CC 34823 9566 20 " " `` 34823 9566 21 all all DT 34823 9566 22 other other JJ 34823 9566 23 loans loan NNS 34823 9566 24 , , , 34823 9566 25 " " '' 34823 9566 26 particularly particularly RB 34823 9566 27 the the DT 34823 9566 28 latter latter JJ 34823 9566 29 , , , 34823 9566 30 have have VBP 34823 9566 31 grown grow VBN 34823 9566 32 somewhat somewhat RB 34823 9566 33 more more RBR 34823 9566 34 rapidly rapidly RB 34823 9566 35 . . . 34823 9567 1 [ [ -LRB- 34823 9567 2 531 531 CD 34823 9567 3 ] ] -RRB- 34823 9567 4 These these DT 34823 9567 5 figures figure NNS 34823 9567 6 are be VBP 34823 9567 7 taken take VBN 34823 9567 8 from from IN 34823 9567 9 Conant Conant NNP 34823 9567 10 , , , 34823 9567 11 _ _ NNP 34823 9567 12 Principles Principles NNPS 34823 9567 13 of of IN 34823 9567 14 Money Money NNP 34823 9567 15 and and CC 34823 9567 16 Banking Banking NNP 34823 9567 17 _ _ NNP 34823 9567 18 , , , 34823 9567 19 vol vol NNP 34823 9567 20 . . . 34823 9568 1 II II NNP 34823 9568 2 , , , 34823 9568 3 p. p. NN 34823 9568 4 52 52 CD 34823 9568 5 . . . 34823 9569 1 [ [ -LRB- 34823 9569 2 532 532 CD 34823 9569 3 ] ] -RRB- 34823 9569 4 The the DT 34823 9569 5 term term NN 34823 9569 6 " " `` 34823 9569 7 commercial commercial JJ 34823 9569 8 paper paper NN 34823 9569 9 , , , 34823 9569 10 " " '' 34823 9569 11 as as IN 34823 9569 12 here here RB 34823 9569 13 used use VBN 34823 9569 14 by by IN 34823 9569 15 Conant Conant NNP 34823 9569 16 ( ( -LRB- 34823 9569 17 whose whose WP$ 34823 9569 18 source source NN 34823 9569 19 is be VBZ 34823 9569 20 the the DT 34823 9569 21 _ _ NNP 34823 9569 22 Comptroller Comptroller NNP 34823 9569 23 's 's POS 34823 9569 24 Report Report NNP 34823 9569 25 _ _ NNP 34823 9569 26 for for IN 34823 9569 27 1904 1904 CD 34823 9569 28 and and CC 34823 9569 29 preceding precede VBG 34823 9569 30 years year NNS 34823 9569 31 ) ) -RRB- 34823 9569 32 , , , 34823 9569 33 doubtless doubtless RB 34823 9569 34 includes include VBZ 34823 9569 35 a a DT 34823 9569 36 good good JJ 34823 9569 37 many many JJ 34823 9569 38 items item NNS 34823 9569 39 which which WDT 34823 9569 40 we -PRON- PRP 34823 9569 41 have have VBP 34823 9569 42 decided decide VBN 34823 9569 43 not not RB 34823 9569 44 to to TO 34823 9569 45 count count VB 34823 9569 46 as as IN 34823 9569 47 commercial commercial JJ 34823 9569 48 paper paper NN 34823 9569 49 . . . 34823 9570 1 The the DT 34823 9570 2 item item NN 34823 9570 3 , , , 34823 9570 4 " " '' 34823 9570 5 advances advance VBZ 34823 9570 6 on on IN 34823 9570 7 securities security NNS 34823 9570 8 , , , 34823 9570 9 " " '' 34823 9570 10 also also RB 34823 9570 11 includes include VBZ 34823 9570 12 some some DT 34823 9570 13 items item NNS 34823 9570 14 other other JJ 34823 9570 15 than than IN 34823 9570 16 stock stock NN 34823 9570 17 exchange exchange NN 34823 9570 18 loans loan NNS 34823 9570 19 , , , 34823 9570 20 but but CC 34823 9570 21 not not RB 34823 9570 22 a a DT 34823 9570 23 high high JJ 34823 9570 24 percentage percentage NN 34823 9570 25 in in IN 34823 9570 26 New New NNP 34823 9570 27 York York NNP 34823 9570 28 City City NNP 34823 9570 29 . . . 34823 9571 1 In in IN 34823 9571 2 1913 1913 CD 34823 9571 3 the the DT 34823 9571 4 figures figure NNS 34823 9571 5 for for IN 34823 9571 6 all all DT 34823 9571 7 reporting report VBG 34823 9571 8 banks bank NNS 34823 9571 9 in in IN 34823 9571 10 New New NNP 34823 9571 11 York York NNP 34823 9571 12 City City NNP 34823 9571 13 were be VBD 34823 9571 14 : : : 34823 9571 15 collateral collateral JJ 34823 9571 16 loans loan NNS 34823 9571 17 , , , 34823 9571 18 1,070 1,070 CD 34823 9571 19 ; ; : 34823 9571 20 " " `` 34823 9571 21 other other JJ 34823 9571 22 loans loan NNS 34823 9571 23 , , , 34823 9571 24 " " '' 34823 9571 25 658 658 CD 34823 9571 26 . . . 34823 9572 1 _ _ NNP 34823 9572 2 Report Report NNP 34823 9572 3 of of IN 34823 9572 4 Comptroller Comptroller NNP 34823 9572 5 _ _ NNP 34823 9572 6 , , , 34823 9572 7 1913 1913 CD 34823 9572 8 , , , 34823 9572 9 p. p. NN 34823 9572 10 779 779 CD 34823 9572 11 . . . 34823 9573 1 [ [ -LRB- 34823 9573 2 533 533 CD 34823 9573 3 ] ] -RRB- 34823 9573 4 Taken take VBN 34823 9573 5 by by IN 34823 9573 6 Conant Conant NNP 34823 9573 7 ( ( -LRB- 34823 9573 8 _ _ NNP 34823 9573 9 Ibid Ibid NNP 34823 9573 10 . . . 34823 9573 11 _ _ NNP 34823 9573 12 , , , 34823 9573 13 p. p. NN 34823 9573 14 51 51 CD 34823 9573 15 ) ) -RRB- 34823 9573 16 from from IN 34823 9573 17 the the DT 34823 9573 18 _ _ NNP 34823 9573 19 Économiste Économiste NNP 34823 9573 20 Européen Européen NNP 34823 9573 21 _ _ NNP 34823 9573 22 ( ( -LRB- 34823 9573 23 April April NNP 34823 9573 24 29 29 CD 34823 9573 25 , , , 34823 9573 26 1904 1904 CD 34823 9573 27 ) ) -RRB- 34823 9573 28 , , , 34823 9573 29 XXV XXV NNP 34823 9573 30 , , , 34823 9573 31 p. p. NN 34823 9573 32 546 546 CD 34823 9573 33 . . . 34823 9574 1 [ [ -LRB- 34823 9574 2 534 534 CD 34823 9574 3 ] ] -RRB- 34823 9574 4 For for IN 34823 9574 5 the the DT 34823 9574 6 depositor depositor NN 34823 9574 7 who who WP 34823 9574 8 borrows borrow VBZ 34823 9574 9 from from IN 34823 9574 10 several several JJ 34823 9574 11 banks bank NNS 34823 9574 12 , , , 34823 9574 13 but but CC 34823 9574 14 deposits deposit NNS 34823 9574 15 only only RB 34823 9574 16 in in IN 34823 9574 17 one,--as one,--as NNP 34823 9574 18 a a DT 34823 9574 19 stockbroker stockbroker NN 34823 9574 20 -- -- : 34823 9574 21 the the DT 34823 9574 22 items item NNS 34823 9574 23 deposited deposit VBN 34823 9574 24 will will MD 34823 9574 25 , , , 34823 9574 26 of of IN 34823 9574 27 course course NN 34823 9574 28 , , , 34823 9574 29 substantially substantially RB 34823 9574 30 exceed exceed VBP 34823 9574 31 the the DT 34823 9574 32 amounts amount NNS 34823 9574 33 borrowed borrow VBN 34823 9574 34 at at IN 34823 9574 35 the the DT 34823 9574 36 bank bank NN 34823 9574 37 where where WRB 34823 9574 38 the the DT 34823 9574 39 deposits deposit NNS 34823 9574 40 are be VBP 34823 9574 41 made make VBN 34823 9574 42 . . . 34823 9575 1 But but CC 34823 9575 2 this this DT 34823 9575 3 will will MD 34823 9575 4 not not RB 34823 9575 5 affect affect VB 34823 9575 6 our -PRON- PRP$ 34823 9575 7 argument argument NN 34823 9575 8 for for IN 34823 9575 9 _ _ NNP 34823 9575 10 classes class NNS 34823 9575 11 _ _ NNP 34823 9575 12 of of IN 34823 9575 13 depositors depositor NNS 34823 9575 14 from from IN 34823 9575 15 _ _ NNP 34823 9575 16 representative representative NN 34823 9575 17 _ _ NNP 34823 9575 18 banks bank NNS 34823 9575 19 in in IN 34823 9575 20 the the DT 34823 9575 21 community community NN 34823 9575 22 as as IN 34823 9575 23 a a DT 34823 9575 24 whole whole NN 34823 9575 25 . . . 34823 9576 1 [ [ -LRB- 34823 9576 2 535 535 CD 34823 9576 3 ] ] -RRB- 34823 9576 4 _ _ NNP 34823 9576 5 Supra Supra NNP 34823 9576 6 _ _ NNP 34823 9576 7 , , , 34823 9576 8 chapters chapter NNS 34823 9576 9 on on IN 34823 9576 10 " " `` 34823 9576 11 Volume Volume NNP 34823 9576 12 of of IN 34823 9576 13 Money money NN 34823 9576 14 and and CC 34823 9576 15 Volume Volume NNP 34823 9576 16 of of IN 34823 9576 17 Trade Trade NNP 34823 9576 18 , , , 34823 9576 19 " " '' 34823 9576 20 and and CC 34823 9576 21 " " `` 34823 9576 22 Statistical Statistical NNP 34823 9576 23 Demonstrations Demonstrations NNPS 34823 9576 24 of of IN 34823 9576 25 the the DT 34823 9576 26 Quantity Quantity NNP 34823 9576 27 Theory Theory NNP 34823 9576 28 . . . 34823 9576 29 " " '' 34823 9577 1 [ [ -LRB- 34823 9577 2 536 536 CD 34823 9577 3 ] ] -RRB- 34823 9577 4 The the DT 34823 9577 5 relevance relevance NN 34823 9577 6 of of IN 34823 9577 7 comparing compare VBG 34823 9577 8 wholesale wholesale JJ 34823 9577 9 and and CC 34823 9577 10 retail retail JJ 34823 9577 11 figures figure NNS 34823 9577 12 with with IN 34823 9577 13 figures figure NNS 34823 9577 14 for for IN 34823 9577 15 " " `` 34823 9577 16 commercial commercial JJ 34823 9577 17 paper paper NN 34823 9577 18 " " '' 34823 9577 19 may may MD 34823 9577 20 well well RB 34823 9577 21 be be VB 34823 9577 22 questioned question VBN 34823 9577 23 , , , 34823 9577 24 since since IN 34823 9577 25 our -PRON- PRP$ 34823 9577 26 conception conception NN 34823 9577 27 of of IN 34823 9577 28 commercial commercial JJ 34823 9577 29 liquid liquid JJ 34823 9577 30 loans loan NNS 34823 9577 31 would would MD 34823 9577 32 include include VB 34823 9577 33 manufacturers manufacturer NNS 34823 9577 34 ' ' POS 34823 9577 35 paper paper NN 34823 9577 36 which which WDT 34823 9577 37 represents represent VBZ 34823 9577 38 raw raw JJ 34823 9577 39 materials material NNS 34823 9577 40 , , , 34823 9577 41 work work VBP 34823 9577 42 in in IN 34823 9577 43 process process NN 34823 9577 44 , , , 34823 9577 45 and and CC 34823 9577 46 bills bill NNS 34823 9577 47 receivable receivable JJ 34823 9577 48 . . . 34823 9578 1 However however RB 34823 9578 2 , , , 34823 9578 3 we -PRON- PRP 34823 9578 4 have have VBP 34823 9578 5 found find VBN 34823 9578 6 reason reason NN 34823 9578 7 to to TO 34823 9578 8 conclude conclude VB 34823 9578 9 that that IN 34823 9578 10 Kinley Kinley NNP 34823 9578 11 's 's POS 34823 9578 12 wholesale wholesale JJ 34823 9578 13 deposits deposit NNS 34823 9578 14 include include VBP 34823 9578 15 a a DT 34823 9578 16 large large JJ 34823 9578 17 percentage percentage NN 34823 9578 18 of of IN 34823 9578 19 manufacturers manufacturer NNS 34823 9578 20 ' ' POS 34823 9578 21 deposits deposit NNS 34823 9578 22 . . . 34823 9579 1 ( ( -LRB- 34823 9579 2 _ _ NNP 34823 9579 3 Supra Supra NNP 34823 9579 4 _ _ NNP 34823 9579 5 , , , 34823 9579 6 p. p. NN 34823 9580 1 245 245 CD 34823 9580 2 . . . 34823 9580 3 ) ) -RRB- 34823 9581 1 The the DT 34823 9581 2 comparison comparison NN 34823 9581 3 here here RB 34823 9581 4 is be VBZ 34823 9581 5 in in IN 34823 9581 6 any any DT 34823 9581 7 case case NN 34823 9581 8 rough rough JJ 34823 9581 9 . . . 34823 9582 1 We -PRON- PRP 34823 9582 2 do do VBP 34823 9582 3 not not RB 34823 9582 4 need need VB 34823 9582 5 precise precise JJ 34823 9582 6 figures figure NNS 34823 9582 7 for for IN 34823 9582 8 the the DT 34823 9582 9 argument argument NN 34823 9582 10 . . . 34823 9583 1 [ [ -LRB- 34823 9583 2 537 537 CD 34823 9583 3 ] ] -RRB- 34823 9583 4 Pratt Pratt NNP 34823 9583 5 , , , 34823 9583 6 _ _ NNP 34823 9583 7 Work Work NNP 34823 9583 8 of of IN 34823 9583 9 Wall Wall NNP 34823 9583 10 Street Street NNP 34823 9583 11 _ _ NNP 34823 9583 12 , , , 34823 9583 13 1912 1912 CD 34823 9583 14 ed ed NNP 34823 9583 15 . . NNP 34823 9583 16 , , , 34823 9583 17 p. p. NN 34823 9583 18 264 264 CD 34823 9583 19 . . . 34823 9584 1 [ [ -LRB- 34823 9584 2 538 538 CD 34823 9584 3 ] ] -RRB- 34823 9584 4 Returns return NNS 34823 9584 5 from from IN 34823 9584 6 private private JJ 34823 9584 7 banks bank NNS 34823 9584 8 in in IN 34823 9584 9 Kinley Kinley NNP 34823 9584 10 's 's POS 34823 9584 11 investigation investigation NN 34823 9584 12 of of IN 34823 9584 13 1909 1909 CD 34823 9584 14 are be VBP 34823 9584 15 virtually virtually RB 34823 9584 16 negligible negligible JJ 34823 9584 17 , , , 34823 9584 18 so so RB 34823 9584 19 far far RB 34823 9584 20 as as IN 34823 9584 21 absolute absolute JJ 34823 9584 22 amounts amount NNS 34823 9584 23 are be VBP 34823 9584 24 concerned concern VBN 34823 9584 25 , , , 34823 9584 26 for for IN 34823 9584 27 the the DT 34823 9584 28 whole whole JJ 34823 9584 29 country country NN 34823 9584 30 . . . 34823 9585 1 For for IN 34823 9585 2 New New NNP 34823 9585 3 York York NNP 34823 9585 4 City City NNP 34823 9585 5 , , , 34823 9585 6 they -PRON- PRP 34823 9585 7 are be VBP 34823 9585 8 absolutely absolutely RB 34823 9585 9 negligible negligible JJ 34823 9585 10 . . . 34823 9586 1 The the DT 34823 9586 2 " " `` 34823 9586 3 all all DT 34823 9586 4 other other JJ 34823 9586 5 deposits deposit NNS 34823 9586 6 " " `` 34823 9586 7 reported report VBN 34823 9586 8 by by IN 34823 9586 9 private private JJ 34823 9586 10 banks bank NNS 34823 9586 11 in in IN 34823 9586 12 New New NNP 34823 9586 13 York York NNP 34823 9586 14 City City NNP 34823 9586 15 for for IN 34823 9586 16 March March NNP 34823 9586 17 16 16 CD 34823 9586 18 , , , 34823 9586 19 1909 1909 CD 34823 9586 20 , , , 34823 9586 21 are be VBP 34823 9586 22 one one CD 34823 9586 23 thousand thousand CD 34823 9586 24 , , , 34823 9586 25 nine nine CD 34823 9586 26 hundred hundred CD 34823 9586 27 and and CC 34823 9586 28 eighty eighty CD 34823 9586 29 - - HYPH 34823 9586 30 four four CD 34823 9586 31 dollars dollar NNS 34823 9586 32 , , , 34823 9586 33 in in RB 34823 9586 34 all all DT 34823 9586 35 ! ! . 34823 9587 1 The the DT 34823 9587 2 grand grand JJ 34823 9587 3 total total NN 34823 9587 4 , , , 34823 9587 5 " " '' 34823 9587 6 all all DT 34823 9587 7 other other JJ 34823 9587 8 deposits deposit NNS 34823 9587 9 " " '' 34823 9587 10 for for IN 34823 9587 11 all all DT 34823 9587 12 classes class NNS 34823 9587 13 of of IN 34823 9587 14 banks bank NNS 34823 9587 15 reporting report VBG 34823 9587 16 in in IN 34823 9587 17 New New NNP 34823 9587 18 York York NNP 34823 9587 19 , , , 34823 9587 20 is be VBZ 34823 9587 21 over over IN 34823 9587 22 a a DT 34823 9587 23 hundred hundred CD 34823 9587 24 and and CC 34823 9587 25 ninety ninety CD 34823 9587 26 - - HYPH 34823 9587 27 eight eight CD 34823 9587 28 millions million NNS 34823 9587 29 . . . 34823 9588 1 The the DT 34823 9588 2 great great JJ 34823 9588 3 private private JJ 34823 9588 4 banks bank NNS 34823 9588 5 are be VBP 34823 9588 6 , , , 34823 9588 7 thus thus RB 34823 9588 8 , , , 34823 9588 9 clearly clearly RB 34823 9588 10 not not RB 34823 9588 11 represented represent VBN 34823 9588 12 . . . 34823 9589 1 They -PRON- PRP 34823 9589 2 are be VBP 34823 9589 3 not not RB 34823 9589 4 represented represent VBN 34823 9589 5 in in IN 34823 9589 6 any any DT 34823 9589 7 form form NN 34823 9589 8 , , , 34823 9589 9 since since IN 34823 9589 10 Kinley Kinley NNP 34823 9589 11 's 's POS 34823 9589 12 figures figure NNS 34823 9589 13 exclude exclude VBP 34823 9589 14 deposits deposit NNS 34823 9589 15 made make VBN 34823 9589 16 by by IN 34823 9589 17 such such JJ 34823 9589 18 banks bank NNS 34823 9589 19 in in IN 34823 9589 20 other other JJ 34823 9589 21 banks bank NNS 34823 9589 22 . . . 34823 9590 1 How how WRB 34823 9590 2 important important JJ 34823 9590 3 they -PRON- PRP 34823 9590 4 would would MD 34823 9590 5 be be VB 34823 9590 6 , , , 34823 9590 7 if if IN 34823 9590 8 included include VBN 34823 9590 9 , , , 34823 9590 10 one one PRP 34823 9590 11 can can MD 34823 9590 12 not not RB 34823 9590 13 be be VB 34823 9590 14 sure sure JJ 34823 9590 15 , , , 34823 9590 16 since since IN 34823 9590 17 they -PRON- PRP 34823 9590 18 keep keep VBP 34823 9590 19 their -PRON- PRP$ 34823 9590 20 affairs affair NNS 34823 9590 21 pretty pretty RB 34823 9590 22 secret secret JJ 34823 9590 23 . . . 34823 9591 1 Some some DT 34823 9591 2 information information NN 34823 9591 3 , , , 34823 9591 4 however however RB 34823 9591 5 , , , 34823 9591 6 is be VBZ 34823 9591 7 available available JJ 34823 9591 8 . . . 34823 9592 1 Thus thus RB 34823 9592 2 , , , 34823 9592 3 the the DT 34823 9592 4 Pujo Pujo NNP 34823 9592 5 Committee Committee NNP 34823 9592 6 reports report VBZ 34823 9592 7 ( ( -LRB- 34823 9592 8 _ _ NNP 34823 9592 9 Report Report NNP 34823 9592 10 _ _ NNP 34823 9592 11 , , , 34823 9592 12 Feb. February NNP 34823 9592 13 28 28 CD 34823 9592 14 , , , 34823 9592 15 1913 1913 CD 34823 9592 16 , , , 34823 9592 17 p. p. NN 34823 9592 18 145 145 CD 34823 9592 19 ) ) -RRB- 34823 9592 20 that that IN 34823 9592 21 on on IN 34823 9592 22 Nov. November NNP 34823 9592 23 1 1 CD 34823 9592 24 , , , 34823 9592 25 1912 1912 CD 34823 9592 26 , , , 34823 9592 27 there there EX 34823 9592 28 was be VBD 34823 9592 29 $ $ $ 34823 9592 30 114,000,000 114,000,000 CD 34823 9592 31 on on IN 34823 9592 32 deposit deposit NN 34823 9592 33 with with IN 34823 9592 34 J. J. NNP 34823 9592 35 P. P. NNP 34823 9592 36 Morgan Morgan NNP 34823 9592 37 and and CC 34823 9592 38 Company Company NNP 34823 9592 39 , , , 34823 9592 40 exclusive exclusive JJ 34823 9592 41 of of IN 34823 9592 42 $ $ $ 34823 9592 43 49,000,000 49,000,000 CD 34823 9592 44 on on IN 34823 9592 45 deposit deposit NN 34823 9592 46 with with IN 34823 9592 47 their -PRON- PRP$ 34823 9592 48 Philadelphia Philadelphia NNP 34823 9592 49 branch branch NN 34823 9592 50 of of IN 34823 9592 51 Drexel Drexel NNP 34823 9592 52 and and CC 34823 9592 53 Co. Co. NNP 34823 9593 1 It -PRON- PRP 34823 9593 2 is be VBZ 34823 9593 3 understood understand VBN 34823 9593 4 to to TO 34823 9593 5 be be VB 34823 9593 6 the the DT 34823 9593 7 practice practice NN 34823 9593 8 of of IN 34823 9593 9 J. J. NNP 34823 9593 10 P. P. NNP 34823 9593 11 Morgan Morgan NNP 34823 9593 12 and and CC 34823 9593 13 Co. Co. NNP 34823 9593 14 to to TO 34823 9593 15 keep keep VB 34823 9593 16 no no DT 34823 9593 17 cash cash NN 34823 9593 18 on on IN 34823 9593 19 hand hand NN 34823 9593 20 , , , 34823 9593 21 and and CC 34823 9593 22 to to TO 34823 9593 23 deposit deposit VB 34823 9593 24 with with IN 34823 9593 25 other other JJ 34823 9593 26 banks bank NNS 34823 9593 27 all all DT 34823 9593 28 their -PRON- PRP$ 34823 9593 29 cash cash NN 34823 9593 30 and and CC 34823 9593 31 checks check NNS 34823 9593 32 . . . 34823 9594 1 On on IN 34823 9594 2 this this DT 34823 9594 3 date date NN 34823 9594 4 , , , 34823 9594 5 they -PRON- PRP 34823 9594 6 had have VBD 34823 9594 7 on on IN 34823 9594 8 deposit deposit NN 34823 9594 9 with with IN 34823 9594 10 other other JJ 34823 9594 11 banks bank NNS 34823 9594 12 $ $ $ 34823 9594 13 12,094,000 12,094,000 CD 34823 9594 14 , , , 34823 9594 15 " " '' 34823 9594 16 which which WDT 34823 9594 17 presumably presumably RB 34823 9594 18 included include VBD 34823 9594 19 all all PDT 34823 9594 20 their -PRON- PRP$ 34823 9594 21 own own JJ 34823 9594 22 funds fund NNS 34823 9594 23 . . . 34823 9594 24 " " '' 34823 9595 1 It -PRON- PRP 34823 9595 2 may may MD 34823 9595 3 be be VB 34823 9595 4 assumed assume VBN 34823 9595 5 , , , 34823 9595 6 therefore therefore RB 34823 9595 7 , , , 34823 9595 8 that that IN 34823 9595 9 the the DT 34823 9595 10 remaining remain VBG 34823 9595 11 102 102 CD 34823 9595 12 millions million NNS 34823 9595 13 was be VBD 34823 9595 14 loaned loan VBN 34823 9595 15 out out RP 34823 9595 16 . . . 34823 9596 1 There there EX 34823 9596 2 can can MD 34823 9596 3 be be VB 34823 9596 4 no no DT 34823 9596 5 doubt doubt NN 34823 9596 6 at at RB 34823 9596 7 all all RB 34823 9596 8 , , , 34823 9596 9 I -PRON- PRP 34823 9596 10 suppose suppose VBP 34823 9596 11 , , , 34823 9596 12 that that IN 34823 9596 13 practically practically RB 34823 9596 14 all all DT 34823 9596 15 they -PRON- PRP 34823 9596 16 had have VBD 34823 9596 17 lent lend VBN 34823 9596 18 out out RP 34823 9596 19 was be VBD 34823 9596 20 on on IN 34823 9596 21 stock stock NN 34823 9596 22 and and CC 34823 9596 23 bond bond NN 34823 9596 24 collateral collateral NN 34823 9596 25 . . . 34823 9597 1 They -PRON- PRP 34823 9597 2 are be VBP 34823 9597 3 known know VBN 34823 9597 4 to to TO 34823 9597 5 be be VB 34823 9597 6 one one CD 34823 9597 7 of of IN 34823 9597 8 the the DT 34823 9597 9 biggest big JJS 34823 9597 10 lenders lender NNS 34823 9597 11 at at IN 34823 9597 12 the the DT 34823 9597 13 " " `` 34823 9597 14 money money NN 34823 9597 15 post post NN 34823 9597 16 " " '' 34823 9597 17 on on IN 34823 9597 18 the the DT 34823 9597 19 Stock Stock NNP 34823 9597 20 Exchange Exchange NNP 34823 9597 21 . . . 34823 9598 1 They -PRON- PRP 34823 9598 2 are be VBP 34823 9598 3 not not RB 34823 9598 4 supposed suppose VBN 34823 9598 5 to to TO 34823 9598 6 do do VB 34823 9598 7 much much JJ 34823 9598 8 business business NN 34823 9598 9 with with IN 34823 9598 10 ordinary ordinary JJ 34823 9598 11 merchants merchant NNS 34823 9598 12 in in IN 34823 9598 13 the the DT 34823 9598 14 usual usual JJ 34823 9598 15 discount discount NN 34823 9598 16 and and CC 34823 9598 17 deposit deposit NN 34823 9598 18 way way NN 34823 9598 19 . . . 34823 9599 1 I -PRON- PRP 34823 9599 2 have have VBP 34823 9599 3 found find VBN 34823 9599 4 no no DT 34823 9599 5 figures figure NNS 34823 9599 6 for for IN 34823 9599 7 Kuhn Kuhn NNP 34823 9599 8 - - HYPH 34823 9599 9 Loeb Loeb NNP 34823 9599 10 & & CC 34823 9599 11 Co. Co. NNP 34823 9599 12 , , , 34823 9599 13 for for IN 34823 9599 14 total total JJ 34823 9599 15 deposits deposit NNS 34823 9599 16 made make VBN 34823 9599 17 with with IN 34823 9599 18 them -PRON- PRP 34823 9599 19 , , , 34823 9599 20 nor nor CC 34823 9599 21 for for IN 34823 9599 22 their -PRON- PRP$ 34823 9599 23 deposits deposit NNS 34823 9599 24 in in IN 34823 9599 25 other other JJ 34823 9599 26 banks bank NNS 34823 9599 27 . . . 34823 9600 1 The the DT 34823 9600 2 Pujo Pujo NNP 34823 9600 3 Committee Committee NNP 34823 9600 4 ( ( -LRB- 34823 9600 5 _ _ NNP 34823 9600 6 Ibid Ibid NNP 34823 9600 7 . . . 34823 9600 8 _ _ NNP 34823 9600 9 , , , 34823 9600 10 p. p. NN 34823 9600 11 73 73 CD 34823 9600 12 ) ) -RRB- 34823 9600 13 states state VBZ 34823 9600 14 that that IN 34823 9600 15 for for IN 34823 9600 16 the the DT 34823 9600 17 six six CD 34823 9600 18 years year NNS 34823 9600 19 preceding precede VBG 34823 9600 20 1913 1913 CD 34823 9600 21 this this DT 34823 9600 22 firm firm NN 34823 9600 23 held hold VBN 34823 9600 24 , , , 34823 9600 25 on on IN 34823 9600 26 the the DT 34823 9600 27 average average NN 34823 9600 28 , , , 34823 9600 29 deposits deposit NNS 34823 9600 30 from from IN 34823 9600 31 interstate interstate JJ 34823 9600 32 corporations corporation NNS 34823 9600 33 amounting amount VBG 34823 9600 34 to to IN 34823 9600 35 over over IN 34823 9600 36 17 17 CD 34823 9600 37 millions million NNS 34823 9600 38 . . . 34823 9601 1 For for IN 34823 9601 2 J. J. NNP 34823 9601 3 P. P. NNP 34823 9601 4 Morgan Morgan NNP 34823 9601 5 & & CC 34823 9601 6 Co. Co. NNP 34823 9601 7 , , , 34823 9601 8 this this DT 34823 9601 9 class class NN 34823 9601 10 of of IN 34823 9601 11 deposits deposit NNS 34823 9601 12 amounted amount VBD 34823 9601 13 to to IN 34823 9601 14 about about IN 34823 9601 15 half half NN 34823 9601 16 of of IN 34823 9601 17 total total JJ 34823 9601 18 deposits deposit NNS 34823 9601 19 . . . 34823 9602 1 ( ( -LRB- 34823 9602 2 _ _ NNP 34823 9602 3 Ibid Ibid NNP 34823 9602 4 . . . 34823 9602 5 _ _ NNP 34823 9602 6 , , , 34823 9602 7 p. p. NN 34823 9603 1 57 57 CD 34823 9603 2 . . . 34823 9603 3 ) ) -RRB- 34823 9604 1 There there EX 34823 9604 2 is be VBZ 34823 9604 3 , , , 34823 9604 4 of of IN 34823 9604 5 course course NN 34823 9604 6 , , , 34823 9604 7 no no DT 34823 9604 8 assurance assurance NN 34823 9604 9 that that IN 34823 9604 10 this this DT 34823 9604 11 proportion proportion NN 34823 9604 12 holds hold VBZ 34823 9604 13 with with IN 34823 9604 14 Kuhn Kuhn NNP 34823 9604 15 - - HYPH 34823 9604 16 Loeb Loeb NNP 34823 9604 17 's 's POS 34823 9604 18 deposits deposit NNS 34823 9604 19 . . . 34823 9605 1 These these DT 34823 9605 2 figures figure NNS 34823 9605 3 are be VBP 34823 9605 4 very very RB 34823 9605 5 great great JJ 34823 9605 6 , , , 34823 9605 7 however however RB 34823 9605 8 . . . 34823 9606 1 For for IN 34823 9606 2 the the DT 34823 9606 3 week week NN 34823 9606 4 ending end VBG 34823 9606 5 April April NNP 34823 9606 6 3 3 CD 34823 9606 7 , , , 34823 9606 8 1915 1915 CD 34823 9606 9 , , , 34823 9606 10 for for IN 34823 9606 11 example example NN 34823 9606 12 , , , 34823 9606 13 only only RB 34823 9606 14 three three CD 34823 9606 15 banks bank NNS 34823 9606 16 ( ( -LRB- 34823 9606 17 the the DT 34823 9606 18 National National NNP 34823 9606 19 City City NNP 34823 9606 20 Bank Bank NNP 34823 9606 21 , , , 34823 9606 22 the the DT 34823 9606 23 National National NNP 34823 9606 24 Bank Bank NNP 34823 9606 25 of of IN 34823 9606 26 Commerce Commerce NNP 34823 9606 27 , , , 34823 9606 28 and and CC 34823 9606 29 the the DT 34823 9606 30 Chase Chase NNP 34823 9606 31 National National NNP 34823 9606 32 Bank Bank NNP 34823 9606 33 ) ) -RRB- 34823 9606 34 , , , 34823 9606 35 and and CC 34823 9606 36 only only RB 34823 9606 37 two two CD 34823 9606 38 trust trust NN 34823 9606 39 companies company NNS 34823 9606 40 ( ( -LRB- 34823 9606 41 the the DT 34823 9606 42 Bankers Bankers NNPS 34823 9606 43 Trust Trust NNP 34823 9606 44 Company Company NNP 34823 9606 45 and and CC 34823 9606 46 the the DT 34823 9606 47 Guarantee Guarantee NNP 34823 9606 48 Trust Trust NNP 34823 9606 49 Company Company NNP 34823 9606 50 ) ) -RRB- 34823 9606 51 , , , 34823 9606 52 held hold VBD 34823 9606 53 deposits deposit NNS 34823 9606 54 exceeding exceed VBG 34823 9606 55 those those DT 34823 9606 56 credited credit VBN 34823 9606 57 to to IN 34823 9606 58 J. J. NNP 34823 9606 59 P. P. NNP 34823 9606 60 Morgan Morgan NNP 34823 9606 61 and and CC 34823 9606 62 Co. Co. NNP 34823 9606 63 , , , 34823 9606 64 and and CC 34823 9606 65 only only RB 34823 9606 66 one one CD 34823 9606 67 of of IN 34823 9606 68 these these DT 34823 9606 69 , , , 34823 9606 70 the the DT 34823 9606 71 National National NNP 34823 9606 72 City City NNP 34823 9606 73 Bank Bank NNP 34823 9606 74 , , , 34823 9606 75 very very RB 34823 9606 76 markedly markedly RB 34823 9606 77 exceeded exceed VBD 34823 9606 78 the the DT 34823 9606 79 Morgan Morgan NNP 34823 9606 80 deposits deposit NNS 34823 9606 81 . . . 34823 9607 1 The the DT 34823 9607 2 majority majority NN 34823 9607 3 of of IN 34823 9607 4 the the DT 34823 9607 5 New New NNP 34823 9607 6 York York NNP 34823 9607 7 Clearing Clearing NNP 34823 9607 8 House House NNP 34823 9607 9 banks bank NNS 34823 9607 10 had have VBD 34823 9607 11 less less JJR 34823 9607 12 than than IN 34823 9607 13 the the DT 34823 9607 14 deposits deposit NNS 34823 9607 15 of of IN 34823 9607 16 interstate interstate JJ 34823 9607 17 corporations corporation NNS 34823 9607 18 with with IN 34823 9607 19 Kuhn Kuhn NNP 34823 9607 20 - - HYPH 34823 9607 21 Loeb Loeb NNP 34823 9607 22 . . . 34823 9608 1 As as IN 34823 9608 2 all all PDT 34823 9608 3 the the DT 34823 9608 4 big big JJ 34823 9608 5 private private JJ 34823 9608 6 bankers banker NNS 34823 9608 7 deal deal VBP 34823 9608 8 chiefly chiefly RB 34823 9608 9 in in IN 34823 9608 10 stock stock NN 34823 9608 11 exchange exchange NN 34823 9608 12 loans loan NNS 34823 9608 13 and and CC 34823 9608 14 securities security NNS 34823 9608 15 , , , 34823 9608 16 and and CC 34823 9608 17 foreign foreign JJ 34823 9608 18 exchange exchange NN 34823 9608 19 , , , 34823 9608 20 and and CC 34823 9608 21 as as IN 34823 9608 22 this this DT 34823 9608 23 kind kind NN 34823 9608 24 of of IN 34823 9608 25 business business NN 34823 9608 26 has have VBZ 34823 9608 27 been be VBN 34823 9608 28 shown show VBN 34823 9608 29 to to TO 34823 9608 30 be be VB 34823 9608 31 exceedingly exceedingly RB 34823 9608 32 active active JJ 34823 9608 33 and and CC 34823 9608 34 to to TO 34823 9608 35 call call VB 34823 9608 36 for for IN 34823 9608 37 large large JJ 34823 9608 38 checks check NNS 34823 9608 39 and and CC 34823 9608 40 clearings clearing NNS 34823 9608 41 , , , 34823 9608 42 we -PRON- PRP 34823 9608 43 may may MD 34823 9608 44 assume assume VB 34823 9608 45 that that IN 34823 9608 46 Kinley Kinley NNP 34823 9608 47 's 's POS 34823 9608 48 figures figure NNS 34823 9608 49 would would MD 34823 9608 50 be be VB 34823 9608 51 greatly greatly RB 34823 9608 52 increased increase VBN 34823 9608 53 if if IN 34823 9608 54 they -PRON- PRP 34823 9608 55 were be VBD 34823 9608 56 included include VBN 34823 9608 57 . . . 34823 9609 1 The the DT 34823 9609 2 trust trust NN 34823 9609 3 company company NN 34823 9609 4 reports report VBZ 34823 9609 5 for for IN 34823 9609 6 New New NNP 34823 9609 7 York York NNP 34823 9609 8 in in IN 34823 9609 9 Kinley Kinley NNP 34823 9609 10 's 's POS 34823 9609 11 figures figure NNS 34823 9609 12 are be VBP 34823 9609 13 also also RB 34823 9609 14 very very RB 34823 9609 15 incomplete incomplete JJ 34823 9609 16 . . . 34823 9610 1 New New NNP 34823 9610 2 York York NNP 34823 9610 3 trust trust NN 34823 9610 4 companies company NNS 34823 9610 5 report report VBP 34823 9610 6 less less RBR 34823 9610 7 than than IN 34823 9610 8 twice twice PDT 34823 9610 9 as as RB 34823 9610 10 much much JJ 34823 9610 11 as as IN 34823 9610 12 Boston Boston NNP 34823 9610 13 trust trust NN 34823 9610 14 companies company NNS 34823 9610 15 , , , 34823 9610 16 and and CC 34823 9610 17 an an DT 34823 9610 18 absurdly absurdly RB 34823 9610 19 small small JJ 34823 9610 20 amount amount NN 34823 9610 21 as as IN 34823 9610 22 compared compare VBN 34823 9610 23 with with IN 34823 9610 24 banks bank NNS 34823 9610 25 . . . 34823 9611 1 _ _ NNP 34823 9611 2 Cf Cf NNP 34823 9611 3 . . . 34823 9611 4 _ _ NNP 34823 9611 5 , , , 34823 9611 6 _ _ NNP 34823 9611 7 supra supra NNP 34823 9611 8 _ _ NNP 34823 9611 9 , , , 34823 9611 10 the the DT 34823 9611 11 chapter chapter NN 34823 9611 12 on on IN 34823 9611 13 " " `` 34823 9611 14 Statistical Statistical NNP 34823 9611 15 Demonstrations Demonstrations NNPS 34823 9611 16 of of IN 34823 9611 17 the the DT 34823 9611 18 Quantity Quantity NNP 34823 9611 19 Theory Theory NNP 34823 9611 20 . . . 34823 9611 21 " " '' 34823 9612 1 [ [ -LRB- 34823 9612 2 539 539 CD 34823 9612 3 ] ] -RRB- 34823 9612 4 It -PRON- PRP 34823 9612 5 has have VBZ 34823 9612 6 been be VBN 34823 9612 7 supposed suppose VBN 34823 9612 8 by by IN 34823 9612 9 many many JJ 34823 9612 10 writers writer NNS 34823 9612 11 that that IN 34823 9612 12 New New NNP 34823 9612 13 York York NNP 34823 9612 14 clearings clearing NNS 34823 9612 15 exaggerate exaggerate VBP 34823 9612 16 New New NNP 34823 9612 17 York York NNP 34823 9612 18 transactions transaction NNS 34823 9612 19 as as IN 34823 9612 20 compared compare VBN 34823 9612 21 with with IN 34823 9612 22 the the DT 34823 9612 23 extent extent NN 34823 9612 24 to to TO 34823 9612 25 which which WDT 34823 9612 26 outside outside JJ 34823 9612 27 clearings clearing NNS 34823 9612 28 represent represent VBP 34823 9612 29 transactions transaction NNS 34823 9612 30 . . . 34823 9613 1 Such such JJ 34823 9613 2 evidence evidence NN 34823 9613 3 as as IN 34823 9613 4 we -PRON- PRP 34823 9613 5 have have VBP 34823 9613 6 would would MD 34823 9613 7 show show VB 34823 9613 8 that that IN 34823 9613 9 this this DT 34823 9613 10 is be VBZ 34823 9613 11 not not RB 34823 9613 12 true true JJ 34823 9613 13 to to IN 34823 9613 14 a a DT 34823 9613 15 sufficient sufficient JJ 34823 9613 16 degree degree NN 34823 9613 17 to to TO 34823 9613 18 modify modify VB 34823 9613 19 the the DT 34823 9613 20 present present JJ 34823 9613 21 argument argument NN 34823 9613 22 . . . 34823 9614 1 Clearings clearing NNS 34823 9614 2 are be VBP 34823 9614 3 less less JJR 34823 9614 4 than than IN 34823 9614 5 deposits deposit NNS 34823 9614 6 in in IN 34823 9614 7 both both DT 34823 9614 8 New New NNP 34823 9614 9 York York NNP 34823 9614 10 and and CC 34823 9614 11 the the DT 34823 9614 12 country country NN 34823 9614 13 outside outside RB 34823 9614 14 , , , 34823 9614 15 _ _ NNP 34823 9614 16 Supra Supra NNP 34823 9614 17 _ _ NNP 34823 9614 18 , , , 34823 9614 19 chapter chapter NN 34823 9614 20 on on IN 34823 9614 21 " " `` 34823 9614 22 Statistical statistical JJ 34823 9614 23 Demonstrations Demonstrations NNPS 34823 9614 24 of of IN 34823 9614 25 Quantity Quantity NNP 34823 9614 26 Theory theory NN 34823 9614 27 . . . 34823 9614 28 " " '' 34823 9615 1 [ [ -LRB- 34823 9615 2 540 540 CD 34823 9615 3 ] ] -RRB- 34823 9615 4 " " `` 34823 9615 5 The the DT 34823 9615 6 Mystery mystery NN 34823 9615 7 of of IN 34823 9615 8 Clearings Clearings NNPS 34823 9615 9 , , , 34823 9615 10 " " '' 34823 9615 11 _ _ NNP 34823 9615 12 Annalist Annalist NNP 34823 9615 13 _ _ NNP 34823 9615 14 , , , 34823 9615 15 Aug. August NNP 34823 9615 16 14 14 CD 34823 9615 17 , , , 34823 9615 18 1916 1916 CD 34823 9615 19 , , , 34823 9615 20 p. p. NN 34823 9615 21 198 198 CD 34823 9615 22 . . . 34823 9616 1 _ _ NNP 34823 9616 2 Supra Supra NNP 34823 9616 3 _ _ NNP 34823 9616 4 , , , 34823 9616 5 chapter chapter NN 34823 9616 6 on on IN 34823 9616 7 " " `` 34823 9616 8 Volume Volume NNP 34823 9616 9 of of IN 34823 9616 10 Money money NN 34823 9616 11 and and CC 34823 9616 12 Volume Volume NNP 34823 9616 13 of of IN 34823 9616 14 Trade Trade NNP 34823 9616 15 . . . 34823 9616 16 " " '' 34823 9617 1 [ [ -LRB- 34823 9617 2 541 541 CD 34823 9617 3 ] ] -RRB- 34823 9617 4 See see VB 34823 9617 5 any any DT 34823 9617 6 Congressional congressional JJ 34823 9617 7 debate debate NN 34823 9617 8 on on IN 34823 9617 9 " " `` 34823 9617 10 the the DT 34823 9617 11 Money Money NNP 34823 9617 12 Trust Trust NNP 34823 9617 13 . . . 34823 9617 14 " " '' 34823 9618 1 [ [ -LRB- 34823 9618 2 542 542 CD 34823 9618 3 ] ] -RRB- 34823 9618 4 _ _ NNP 34823 9618 5 Pujo Pujo NNP 34823 9618 6 Committee Committee NNP 34823 9618 7 Report Report NNP 34823 9618 8 _ _ NNP 34823 9618 9 , , , 34823 9618 10 Feb. February NNP 34823 9618 11 28 28 CD 34823 9618 12 , , , 34823 9618 13 1913 1913 CD 34823 9618 14 , , , 34823 9618 15 p. p. NN 34823 9618 16 130 130 CD 34823 9618 17 . . . 34823 9619 1 _ _ NNP 34823 9619 2 Cf Cf NNP 34823 9619 3 . . . 34823 9619 4 _ _ NNP 34823 9619 5 also also RB 34823 9619 6 p. p. NN 34823 9619 7 138 138 CD 34823 9619 8 ( ( -LRB- 34823 9619 9 statements statement NNS 34823 9619 10 of of IN 34823 9619 11 Messrs. Messrs. NNPS 34823 9619 12 Baker Baker NNP 34823 9619 13 , , , 34823 9619 14 Reynolds Reynolds NNP 34823 9619 15 , , , 34823 9619 16 Schiff Schiff NNP 34823 9619 17 , , , 34823 9619 18 and and CC 34823 9619 19 Perkins Perkins NNP 34823 9619 20 ) ) -RRB- 34823 9619 21 , , , 34823 9619 22 and and CC 34823 9619 23 p. p. NN 34823 9619 24 160 160 CD 34823 9619 25 for for IN 34823 9619 26 Statements statement NNS 34823 9619 27 regarding regard VBG 34823 9619 28 the the DT 34823 9619 29 testimony testimony NN 34823 9619 30 of of IN 34823 9619 31 Messrs. Messrs. NNP 34823 9619 32 Morgan Morgan NNP 34823 9619 33 and and CC 34823 9619 34 Baker Baker NNP 34823 9619 35 . . . 34823 9620 1 [ [ -LRB- 34823 9620 2 543 543 CD 34823 9620 3 ] ] -RRB- 34823 9620 4 I -PRON- PRP 34823 9620 5 know know VBP 34823 9620 6 no no DT 34823 9620 7 responsible responsible JJ 34823 9620 8 writer writer NN 34823 9620 9 who who WP 34823 9620 10 has have VBZ 34823 9620 11 charged charge VBN 34823 9620 12 that that IN 34823 9620 13 there there EX 34823 9620 14 is be VBZ 34823 9620 15 a a DT 34823 9620 16 monopoly monopoly NN 34823 9620 17 , , , 34823 9620 18 or or CC 34823 9620 19 a a DT 34823 9620 20 tendency tendency NN 34823 9620 21 toward toward IN 34823 9620 22 monopoly monopoly NN 34823 9620 23 , , , 34823 9620 24 in in IN 34823 9620 25 this this DT 34823 9620 26 matter matter NN 34823 9620 27 . . . 34823 9621 1 [ [ -LRB- 34823 9621 2 544 544 CD 34823 9621 3 ] ] -RRB- 34823 9621 4 I -PRON- PRP 34823 9621 5 am be VBP 34823 9621 6 not not RB 34823 9621 7 naïve naïve JJ 34823 9621 8 enough enough JJ 34823 9621 9 to to TO 34823 9621 10 suppose suppose VB 34823 9621 11 that that IN 34823 9621 12 this this DT 34823 9621 13 suggestion suggestion NN 34823 9621 14 can can MD 34823 9621 15 be be VB 34823 9621 16 much much RB 34823 9621 17 more more JJR 34823 9621 18 than than IN 34823 9621 19 an an DT 34823 9621 20 illustration illustration NN 34823 9621 21 of of IN 34823 9621 22 the the DT 34823 9621 23 bearing bearing NN 34823 9621 24 of of IN 34823 9621 25 my -PRON- PRP$ 34823 9621 26 theory theory NN 34823 9621 27 ! ! . 34823 9622 1 I -PRON- PRP 34823 9622 2 should should MD 34823 9622 3 even even RB 34823 9622 4 agree agree VB 34823 9622 5 that that IN 34823 9622 6 the the DT 34823 9622 7 political political JJ 34823 9622 8 difficulties difficulty NNS 34823 9622 9 are be VBP 34823 9622 10 so so RB 34823 9622 11 great great JJ 34823 9622 12 that that IN 34823 9622 13 we -PRON- PRP 34823 9622 14 would would MD 34823 9622 15 do do VB 34823 9622 16 well well RB 34823 9622 17 to to TO 34823 9622 18 try try VB 34823 9622 19 out out RP 34823 9622 20 our -PRON- PRP$ 34823 9622 21 system system NN 34823 9622 22 in in IN 34823 9622 23 times time NNS 34823 9622 24 of of IN 34823 9622 25 stress stress NN 34823 9622 26 before before IN 34823 9622 27 seriously seriously RB 34823 9622 28 raising raise VBG 34823 9622 29 the the DT 34823 9622 30 question question NN 34823 9622 31 of of IN 34823 9622 32 giving give VBG 34823 9622 33 the the DT 34823 9622 34 Federal Federal NNP 34823 9622 35 Reserve Reserve NNP 34823 9622 36 Banks Banks NNPS 34823 9622 37 the the DT 34823 9622 38 power power NN 34823 9622 39 to to TO 34823 9622 40 rediscount rediscount VB 34823 9622 41 loans loan NNS 34823 9622 42 on on IN 34823 9622 43 stock stock NN 34823 9622 44 exchange exchange NN 34823 9622 45 collateral collateral NN 34823 9622 46 . . . 34823 9623 1 [ [ -LRB- 34823 9623 2 545 545 CD 34823 9623 3 ] ] -RRB- 34823 9623 4 Walker Walker NNP 34823 9623 5 's 's POS 34823 9623 6 version version NN 34823 9623 7 of of IN 34823 9623 8 the the DT 34823 9623 9 quantity quantity NN 34823 9623 10 theory theory NN 34823 9623 11 , , , 34823 9623 12 excluding exclude VBG 34823 9623 13 credit credit NN 34823 9623 14 transactions transaction NNS 34823 9623 15 , , , 34823 9623 16 escapes escape NNS 34823 9623 17 much much JJ 34823 9623 18 of of IN 34823 9623 19 this this DT 34823 9623 20 criticism criticism NN 34823 9623 21 . . . 34823 9624 1 _ _ NNP 34823 9624 2 Supra Supra NNP 34823 9624 3 _ _ NNP 34823 9624 4 , , , 34823 9624 5 chapter chapter NN 34823 9624 6 on on IN 34823 9624 7 " " `` 34823 9624 8 Equation Equation NNP 34823 9624 9 of of IN 34823 9624 10 Exchange Exchange NNP 34823 9624 11 . . . 34823 9624 12 " " '' 34823 9625 1 [ [ -LRB- 34823 9625 2 546 546 CD 34823 9625 3 ] ] -RRB- 34823 9625 4 It -PRON- PRP 34823 9625 5 is be VBZ 34823 9625 6 nothing nothing NN 34823 9625 7 for for IN 34823 9625 8 Wall Wall NNP 34823 9625 9 Street Street NNP 34823 9625 10 to to TO 34823 9625 11 " " `` 34823 9625 12 turn turn VB 34823 9625 13 over over RP 34823 9625 14 " " `` 34823 9625 15 many many JJ 34823 9625 16 times time NNS 34823 9625 17 two two CD 34823 9625 18 billion billion CD 34823 9625 19 dollars dollar NNS 34823 9625 20 worth worth NN 34823 9625 21 of of IN 34823 9625 22 securities security NNS 34823 9625 23 . . . 34823 9626 1 In in IN 34823 9626 2 a a DT 34823 9626 3 big big JJ 34823 9626 4 bull bull NN 34823 9626 5 year year NN 34823 9626 6 , , , 34823 9626 7 this this DT 34823 9626 8 will will MD 34823 9626 9 be be VB 34823 9626 10 accomplished accomplish VBN 34823 9626 11 twelve twelve CD 34823 9626 12 or or CC 34823 9626 13 more more JJR 34823 9626 14 times time NNS 34823 9626 15 without without IN 34823 9626 16 effort effort NN 34823 9626 17 -- -- : 34823 9626 18 prices price NNS 34823 9626 19 rising rise VBG 34823 9626 20 merrily merrily RB 34823 9626 21 , , , 34823 9626 22 so so RB 34823 9626 23 long long RB 34823 9626 24 as as IN 34823 9626 25 no no DT 34823 9626 26 new new JJ 34823 9626 27 supply supply NN 34823 9626 28 of of IN 34823 9626 29 stocks stock NNS 34823 9626 30 and and CC 34823 9626 31 bonds bond NNS 34823 9626 32 comes come VBZ 34823 9626 33 in in RP 34823 9626 34 to to TO 34823 9626 35 make make VB 34823 9626 36 trouble trouble NN 34823 9626 37 . . . 34823 9627 1 ( ( -LRB- 34823 9627 2 See see VB 34823 9627 3 our -PRON- PRP$ 34823 9627 4 estimate estimate NN 34823 9627 5 of of IN 34823 9627 6 New New NNP 34823 9627 7 York York NNP 34823 9627 8 security security NN 34823 9627 9 transactions transaction NNS 34823 9627 10 , , , 34823 9627 11 _ _ NNP 34823 9627 12 supra supra NNP 34823 9627 13 _ _ NNP 34823 9627 14 , , , 34823 9627 15 chapter chapter NN 34823 9627 16 on on IN 34823 9627 17 " " `` 34823 9627 18 Volume Volume NNP 34823 9627 19 of of IN 34823 9627 20 Money money NN 34823 9627 21 and and CC 34823 9627 22 Volume Volume NNP 34823 9627 23 of of IN 34823 9627 24 Trade Trade NNP 34823 9627 25 . . . 34823 9627 26 " " '' 34823 9627 27 ) ) -RRB- 34823 9628 1 But but CC 34823 9628 2 let let VB 34823 9628 3 there there EX 34823 9628 4 be be VB 34823 9628 5 a a DT 34823 9628 6 liquidation liquidation NN 34823 9628 7 by by IN 34823 9628 8 investors investor NNS 34823 9628 9 of of IN 34823 9628 10 anything anything NN 34823 9628 11 like like IN 34823 9628 12 two two CD 34823 9628 13 billions billion NNS 34823 9628 14 , , , 34823 9628 15 sold sell VBN 34823 9628 16 once once RB 34823 9628 17 , , , 34823 9628 18 and and CC 34823 9628 19 the the DT 34823 9628 20 market market NN 34823 9628 21 feels feel VBZ 34823 9628 22 a a DT 34823 9628 23 tremendous tremendous JJ 34823 9628 24 drag drag NN 34823 9628 25 . . . 34823 9629 1 It -PRON- PRP 34823 9629 2 seems seem VBZ 34823 9629 3 universally universally RB 34823 9629 4 agreed agree VBN 34823 9629 5 that that IN 34823 9629 6 foreign foreign JJ 34823 9629 7 selling selling NN 34823 9629 8 of of IN 34823 9629 9 securities security NNS 34823 9629 10 during during IN 34823 9629 11 the the DT 34823 9629 12 present present JJ 34823 9629 13 War War NNP 34823 9629 14 has have VBZ 34823 9629 15 been be VBN 34823 9629 16 a a DT 34823 9629 17 great great JJ 34823 9629 18 factor factor NN 34823 9629 19 in in IN 34823 9629 20 checking check VBG 34823 9629 21 advances advance NNS 34823 9629 22 in in IN 34823 9629 23 security security NN 34823 9629 24 prices price NNS 34823 9629 25 in in IN 34823 9629 26 New New NNP 34823 9629 27 York York NNP 34823 9629 28 . . . 34823 9630 1 The the DT 34823 9630 2 actual actual JJ 34823 9630 3 amount amount NN 34823 9630 4 of of IN 34823 9630 5 liquidating liquidate VBG 34823 9630 6 by by IN 34823 9630 7 foreign foreign JJ 34823 9630 8 investors investor NNS 34823 9630 9 , , , 34823 9630 10 however however RB 34823 9630 11 , , , 34823 9630 12 has have VBZ 34823 9630 13 been be VBN 34823 9630 14 trifling trifle VBG 34823 9630 15 as as IN 34823 9630 16 compared compare VBN 34823 9630 17 with with IN 34823 9630 18 the the DT 34823 9630 19 volume volume NN 34823 9630 20 of of IN 34823 9630 21 sales sale NNS 34823 9630 22 since since IN 34823 9630 23 the the DT 34823 9630 24 War War NNP 34823 9630 25 began begin VBD 34823 9630 26 . . . 34823 9631 1 The the DT 34823 9631 2 best good JJS 34823 9631 3 estimate estimate NN 34823 9631 4 of of IN 34823 9631 5 foreign foreign JJ 34823 9631 6 liquidation liquidation NN 34823 9631 7 is be VBZ 34823 9631 8 probably probably RB 34823 9631 9 that that DT 34823 9631 10 of of IN 34823 9631 11 the the DT 34823 9631 12 National National NNP 34823 9631 13 City City NNP 34823 9631 14 Bank Bank NNP 34823 9631 15 , , , 34823 9631 16 which which WDT 34823 9631 17 has have VBZ 34823 9631 18 taken take VBN 34823 9631 19 careful careful JJ 34823 9631 20 account account NN 34823 9631 21 of of IN 34823 9631 22 previous previous JJ 34823 9631 23 estimates estimate NNS 34823 9631 24 , , , 34823 9631 25 and and CC 34823 9631 26 which which WDT 34823 9631 27 has have VBZ 34823 9631 28 unrivaled unrivaled JJ 34823 9631 29 sources source NNS 34823 9631 30 of of IN 34823 9631 31 " " `` 34823 9631 32 inside inside JJ 34823 9631 33 information information NN 34823 9631 34 . . . 34823 9631 35 " " '' 34823 9632 1 The the DT 34823 9632 2 estimate estimate NN 34823 9632 3 of of IN 34823 9632 4 this this DT 34823 9632 5 institution institution NN 34823 9632 6 is be VBZ 34823 9632 7 that that IN 34823 9632 8 from from IN 34823 9632 9 a a DT 34823 9632 10 billion billion CD 34823 9632 11 and and CC 34823 9632 12 a a DT 34823 9632 13 half half NN 34823 9632 14 to to IN 34823 9632 15 a a DT 34823 9632 16 billion billion CD 34823 9632 17 six six CD 34823 9632 18 hundred hundred CD 34823 9632 19 million million CD 34823 9632 20 dollars dollar NNS 34823 9632 21 worth worth JJ 34823 9632 22 of of IN 34823 9632 23 foreign foreign JJ 34823 9632 24 held hold VBN 34823 9632 25 securities security NNS 34823 9632 26 have have VBP 34823 9632 27 been be VBN 34823 9632 28 liquidated liquidate VBN 34823 9632 29 in in IN 34823 9632 30 America America NNP 34823 9632 31 since since IN 34823 9632 32 the the DT 34823 9632 33 beginning beginning NN 34823 9632 34 of of IN 34823 9632 35 the the DT 34823 9632 36 War war NN 34823 9632 37 . . . 34823 9633 1 ( ( -LRB- 34823 9633 2 This this DT 34823 9633 3 does do VBZ 34823 9633 4 not not RB 34823 9633 5 include include VB 34823 9633 6 foreign foreign JJ 34823 9633 7 loans loan NNS 34823 9633 8 placed place VBN 34823 9633 9 here here RB 34823 9633 10 . . . 34823 9633 11 ) ) -RRB- 34823 9634 1 This this DT 34823 9634 2 estimate estimate NN 34823 9634 3 is be VBZ 34823 9634 4 given give VBN 34823 9634 5 in in IN 34823 9634 6 October October NNP 34823 9634 7 of of IN 34823 9634 8 1916 1916 CD 34823 9634 9 . . . 34823 9635 1 ( ( -LRB- 34823 9635 2 Monthly monthly JJ 34823 9635 3 circular circular JJ 34823 9635 4 of of IN 34823 9635 5 the the DT 34823 9635 6 National National NNP 34823 9635 7 City City NNP 34823 9635 8 Bank Bank NNP 34823 9635 9 on on IN 34823 9635 10 " " `` 34823 9635 11 Economic Economic NNP 34823 9635 12 Conditions Conditions NNPS 34823 9635 13 , , , 34823 9635 14 etc etc FW 34823 9635 15 . . FW 34823 9635 16 , , , 34823 9635 17 " " `` 34823 9635 18 Oct. October NNP 34823 9635 19 , , , 34823 9635 20 1916 1916 CD 34823 9635 21 , , , 34823 9635 22 p. p. NN 34823 9636 1 3 3 LS 34823 9636 2 . . . 34823 9636 3 ) ) -RRB- 34823 9637 1 It -PRON- PRP 34823 9637 2 is be VBZ 34823 9637 3 safe safe JJ 34823 9637 4 to to TO 34823 9637 5 say say VB 34823 9637 6 that that IN 34823 9637 7 no no DT 34823 9637 8 amount amount NN 34823 9637 9 of of IN 34823 9637 10 " " `` 34823 9637 11 churning churning NN 34823 9637 12 " " '' 34823 9637 13 of of IN 34823 9637 14 securities security NNS 34823 9637 15 already already RB 34823 9637 16 in in IN 34823 9637 17 the the DT 34823 9637 18 market market NN 34823 9637 19 could could MD 34823 9637 20 have have VB 34823 9637 21 anything anything NN 34823 9637 22 like like IN 34823 9637 23 the the DT 34823 9637 24 depressing depressing JJ 34823 9637 25 effect effect NN 34823 9637 26 on on IN 34823 9637 27 security security NN 34823 9637 28 prices price NNS 34823 9637 29 that that IN 34823 9637 30 an an DT 34823 9637 31 unusual unusual JJ 34823 9637 32 amount amount NN 34823 9637 33 of of IN 34823 9637 34 liquidation liquidation NN 34823 9637 35 by by IN 34823 9637 36 investors investor NNS 34823 9637 37 has have VBZ 34823 9637 38 . . . 34823 9638 1 It -PRON- PRP 34823 9638 2 is be VBZ 34823 9638 3 not not RB 34823 9638 4 increase increase NN 34823 9638 5 in in IN 34823 9638 6 number number NN 34823 9638 7 of of IN 34823 9638 8 _ _ NNP 34823 9638 9 exchanges exchange NNS 34823 9638 10 _ _ IN 34823 9638 11 that that WDT 34823 9638 12 depresses depress VBZ 34823 9638 13 prices price NNS 34823 9638 14 . . . 34823 9639 1 It -PRON- PRP 34823 9639 2 is be VBZ 34823 9639 3 increase increase NN 34823 9639 4 in in IN 34823 9639 5 the the DT 34823 9639 6 floating float VBG 34823 9639 7 _ _ NNP 34823 9639 8 supply supply NN 34823 9639 9 _ _ NNP 34823 9639 10 . . . 34823 9640 1 Activity activity NN 34823 9640 2 in in IN 34823 9640 3 the the DT 34823 9640 4 floating float VBG 34823 9640 5 supply supply NN 34823 9640 6 makes make VBZ 34823 9640 7 it -PRON- PRP 34823 9640 8 easier easy JJR 34823 9640 9 , , , 34823 9640 10 rather rather RB 34823 9640 11 than than IN 34823 9640 12 harder hard JJR 34823 9640 13 , , , 34823 9640 14 for for IN 34823 9640 15 speculators speculator NNS 34823 9640 16 to to TO 34823 9640 17 get get VB 34823 9640 18 banking banking NN 34823 9640 19 accommodations accommodation NNS 34823 9640 20 which which WDT 34823 9640 21 enable enable VBP 34823 9640 22 them -PRON- PRP 34823 9640 23 to to TO 34823 9640 24 " " `` 34823 9640 25 hold hold VB 34823 9640 26 " " '' 34823 9640 27 and and CC 34823 9640 28 " " `` 34823 9640 29 carry carry VB 34823 9640 30 " " '' 34823 9640 31 securities security NNS 34823 9640 32 , , , 34823 9640 33 and and CC 34823 9640 34 activity activity NN 34823 9640 35 in in IN 34823 9640 36 sales sale NNS 34823 9640 37 therefore therefore RB 34823 9640 38 positively positively RB 34823 9640 39 tends tend VBZ 34823 9640 40 to to IN 34823 9640 41 _ _ NNP 34823 9640 42 increase increase NN 34823 9640 43 _ _ NNP 34823 9640 44 rather rather RB 34823 9640 45 than than IN 34823 9640 46 to to TO 34823 9640 47 decrease decrease VB 34823 9640 48 , , , 34823 9640 49 security security NN 34823 9640 50 prices price NNS 34823 9640 51 . . . 34823 9641 1 The the DT 34823 9641 2 broadening broadening NN 34823 9641 3 of of IN 34823 9641 4 the the DT 34823 9641 5 range range NN 34823 9641 6 of of IN 34823 9641 7 securities security NNS 34823 9641 8 dealt deal VBD 34823 9641 9 in in RP 34823 9641 10 , , , 34823 9641 11 moreover moreover RB 34823 9641 12 , , , 34823 9641 13 instead instead RB 34823 9641 14 of of IN 34823 9641 15 depressing depress VBG 34823 9641 16 the the DT 34823 9641 17 prices price NNS 34823 9641 18 of of IN 34823 9641 19 those those DT 34823 9641 20 already already RB 34823 9641 21 active active JJ 34823 9641 22 , , , 34823 9641 23 helps help VBZ 34823 9641 24 to to TO 34823 9641 25 sustain sustain VB 34823 9641 26 them -PRON- PRP 34823 9641 27 . . . 34823 9642 1 Thus thus RB 34823 9642 2 , , , 34823 9642 3 brokers broker NNS 34823 9642 4 and and CC 34823 9642 5 bankers banker NNS 34823 9642 6 welcomed welcome VBD 34823 9642 7 the the DT 34823 9642 8 recent recent JJ 34823 9642 9 revival revival NN 34823 9642 10 of of IN 34823 9642 11 activity activity NN 34823 9642 12 in in IN 34823 9642 13 the the DT 34823 9642 14 rails rail NNS 34823 9642 15 , , , 34823 9642 16 following follow VBG 34823 9642 17 the the DT 34823 9642 18 bull bull NN 34823 9642 19 market market NN 34823 9642 20 in in IN 34823 9642 21 war war NN 34823 9642 22 stocks stock NNS 34823 9642 23 . . . 34823 9643 1 It -PRON- PRP 34823 9643 2 gave give VBD 34823 9643 3 a a DT 34823 9643 4 broader broad JJR 34823 9643 5 basis basis NN 34823 9643 6 for for IN 34823 9643 7 loans loan NNS 34823 9643 8 . . . 34823 9644 1 Banks bank NNS 34823 9644 2 would would MD 34823 9644 3 lend lend VB 34823 9644 4 more more RBR 34823 9644 5 liberally liberally RB 34823 9644 6 , , , 34823 9644 7 and and CC 34823 9644 8 on on IN 34823 9644 9 narrower narrow JJR 34823 9644 10 margins margin NNS 34823 9644 11 , , , 34823 9644 12 if if IN 34823 9644 13 railroad railroad NN 34823 9644 14 stocks stock NNS 34823 9644 15 could could MD 34823 9644 16 be be VB 34823 9644 17 mixed mix VBN 34823 9644 18 with with IN 34823 9644 19 the the DT 34823 9644 20 brokers broker NNS 34823 9644 21 ' ' POS 34823 9644 22 war war NN 34823 9644 23 stock stock NN 34823 9644 24 collateral collateral NN 34823 9644 25 . . . 34823 9645 1 Here here RB 34823 9645 2 again again RB 34823 9645 3 we -PRON- PRP 34823 9645 4 see see VBP 34823 9645 5 the the DT 34823 9645 6 significance significance NN 34823 9645 7 of of IN 34823 9645 8 the the DT 34823 9645 9 distinction distinction NN 34823 9645 10 between between IN 34823 9645 11 long long JJ 34823 9645 12 - - HYPH 34823 9645 13 time time NN 34823 9645 14 interest interest NN 34823 9645 15 rates rate NNS 34823 9645 16 , , , 34823 9645 17 connected connect VBN 34823 9645 18 with with IN 34823 9645 19 the the DT 34823 9645 20 volume volume NN 34823 9645 21 of of IN 34823 9645 22 real real JJ 34823 9645 23 capital capital NN 34823 9645 24 , , , 34823 9645 25 and and CC 34823 9645 26 the the DT 34823 9645 27 " " `` 34823 9645 28 money money NN 34823 9645 29 - - HYPH 34823 9645 30 rates rate NNS 34823 9645 31 . . . 34823 9645 32 " " '' 34823 9646 1 Again again RB 34823 9646 2 , , , 34823 9646 3 periodic periodic JJ 34823 9646 4 payments payment NNS 34823 9646 5 of of IN 34823 9646 6 interest interest NN 34823 9646 7 and and CC 34823 9646 8 dividends dividend NNS 34823 9646 9 , , , 34823 9646 10 temporarily temporarily RB 34823 9646 11 locking lock VBG 34823 9646 12 up up RP 34823 9646 13 considerable considerable JJ 34823 9646 14 sums sum NNS 34823 9646 15 of of IN 34823 9646 16 bank bank NN 34823 9646 17 deposits deposit NNS 34823 9646 18 which which WDT 34823 9646 19 have have VBP 34823 9646 20 to to TO 34823 9646 21 be be VB 34823 9646 22 built build VBN 34823 9646 23 up up RP 34823 9646 24 in in IN 34823 9646 25 anticipation anticipation NN 34823 9646 26 of of IN 34823 9646 27 such such JJ 34823 9646 28 payments payment NNS 34823 9646 29 , , , 34823 9646 30 have have VBP 34823 9646 31 a a DT 34823 9646 32 very very RB 34823 9646 33 much much RB 34823 9646 34 more more RBR 34823 9646 35 serious serious JJ 34823 9646 36 effect effect NN 34823 9646 37 on on IN 34823 9646 38 the the DT 34823 9646 39 money money NN 34823 9646 40 market market NN 34823 9646 41 than than IN 34823 9646 42 do do VB 34823 9646 43 payments payment NNS 34823 9646 44 many many JJ 34823 9646 45 times time NNS 34823 9646 46 greater great JJR 34823 9646 47 in in IN 34823 9646 48 connection connection NN 34823 9646 49 with with IN 34823 9646 50 stock stock NN 34823 9646 51 sales sale NNS 34823 9646 52 . . . 34823 9647 1 The the DT 34823 9647 2 tension tension NN 34823 9647 3 in in IN 34823 9647 4 the the DT 34823 9647 5 London London NNP 34823 9647 6 money money NN 34823 9647 7 market market NN 34823 9647 8 growing grow VBG 34823 9647 9 out out IN 34823 9647 10 of of IN 34823 9647 11 periodic periodic JJ 34823 9647 12 accumulations accumulation NNS 34823 9647 13 and and CC 34823 9647 14 disbursements disbursement NNS 34823 9647 15 of of IN 34823 9647 16 the the DT 34823 9647 17 British british JJ 34823 9647 18 Government Government NNP 34823 9647 19 is be VBZ 34823 9647 20 well well RB 34823 9647 21 known known JJ 34823 9647 22 . . . 34823 9648 1 The the DT 34823 9648 2 summer summer NN 34823 9648 3 of of IN 34823 9648 4 1916 1916 CD 34823 9648 5 witnessed witness VBD 34823 9648 6 a a DT 34823 9648 7 temporary temporary JJ 34823 9648 8 tightening tightening NN 34823 9648 9 in in IN 34823 9648 10 Wall Wall NNP 34823 9648 11 Street Street NNP 34823 9648 12 ( ( -LRB- 34823 9648 13 in in IN 34823 9648 14 what what WP 34823 9648 15 was be VBD 34823 9648 16 , , , 34823 9648 17 generally generally RB 34823 9648 18 , , , 34823 9648 19 the the DT 34823 9648 20 period period NN 34823 9648 21 of of IN 34823 9648 22 easiest easy JJS 34823 9648 23 money money NN 34823 9648 24 the the DT 34823 9648 25 Street street NN 34823 9648 26 has have VBZ 34823 9648 27 ever ever RB 34823 9648 28 known know VBN 34823 9648 29 ) ) -RRB- 34823 9648 30 , , , 34823 9648 31 from from IN 34823 9648 32 a a DT 34823 9648 33 similar similar JJ 34823 9648 34 cause cause NN 34823 9648 35 -- -- : 34823 9648 36 a a DT 34823 9648 37 bunching bunching NN 34823 9648 38 of of IN 34823 9648 39 dividend dividend NN 34823 9648 40 and and CC 34823 9648 41 interest interest NN 34823 9648 42 payments payment NNS 34823 9648 43 , , , 34823 9648 44 with with IN 34823 9648 45 some some DT 34823 9648 46 other other JJ 34823 9648 47 large large JJ 34823 9648 48 financial financial JJ 34823 9648 49 transactions transaction NNS 34823 9648 50 . . . 34823 9649 1 Money money NN 34823 9649 2 rates rate NNS 34823 9649 3 in in IN 34823 9649 4 New New NNP 34823 9649 5 York York NNP 34823 9649 6 regularly regularly RB 34823 9649 7 show show VBP 34823 9649 8 the the DT 34823 9649 9 influence influence NN 34823 9649 10 of of IN 34823 9649 11 such such JJ 34823 9649 12 payments payment NNS 34823 9649 13 , , , 34823 9649 14 temporarily temporarily RB 34823 9649 15 . . . 34823 9650 1 Money money NN 34823 9650 2 rates rate NNS 34823 9650 3 also also RB 34823 9650 4 show show VBP 34823 9650 5 the the DT 34823 9650 6 influence influence NN 34823 9650 7 of of IN 34823 9650 8 active active JJ 34823 9650 9 speculation speculation NN 34823 9650 10 , , , 34823 9650 11 as as IN 34823 9650 12 a a DT 34823 9650 13 rule rule NN 34823 9650 14 , , , 34823 9650 15 as as IN 34823 9650 16 shown show VBN 34823 9650 17 by by IN 34823 9650 18 Mr. Mr. NNP 34823 9650 19 Silberling Silberling NNP 34823 9650 20 's 's POS 34823 9650 21 investigations investigation NNS 34823 9650 22 ( ( -LRB- 34823 9650 23 " " `` 34823 9650 24 The the DT 34823 9650 25 Mystery mystery NN 34823 9650 26 of of IN 34823 9650 27 Clearings Clearings NNPS 34823 9650 28 , , , 34823 9650 29 " " '' 34823 9650 30 _ _ NNP 34823 9650 31 Annalist Annalist NNP 34823 9650 32 _ _ NNP 34823 9650 33 , , , 34823 9650 34 Aug. August NNP 34823 9650 35 14 14 CD 34823 9650 36 , , , 34823 9650 37 1916 1916 CD 34823 9650 38 ) ) -RRB- 34823 9650 39 , , , 34823 9650 40 but but CC 34823 9650 41 it -PRON- PRP 34823 9650 42 takes take VBZ 34823 9650 43 a a DT 34823 9650 44 very very RB 34823 9650 45 much much RB 34823 9650 46 greater great JJR 34823 9650 47 volume volume NN 34823 9650 48 of of IN 34823 9650 49 stock stock NN 34823 9650 50 sales sale NNS 34823 9650 51 than than IN 34823 9650 52 of of IN 34823 9650 53 dividend dividend NN 34823 9650 54 and and CC 34823 9650 55 interest interest NN 34823 9650 56 payments payment NNS 34823 9650 57 to to TO 34823 9650 58 produce produce VB 34823 9650 59 a a DT 34823 9650 60 given give VBN 34823 9650 61 effect effect NN 34823 9650 62 on on IN 34823 9650 63 money money NN 34823 9650 64 rates rate NNS 34823 9650 65 . . . 34823 9651 1 [ [ -LRB- 34823 9651 2 547 547 CD 34823 9651 3 ] ] -RRB- 34823 9651 4 As as IN 34823 9651 5 May May NNP 34823 9651 6 9 9 CD 34823 9651 7 , , , 34823 9651 8 1901 1901 CD 34823 9651 9 , , , 34823 9651 10 when when WRB 34823 9651 11 3,336,695 3,336,695 CD 34823 9651 12 shares share NNS 34823 9651 13 were be VBD 34823 9651 14 sold sell VBN 34823 9651 15 . . . 34823 9652 1 Compare Compare NNP 34823 9652 2 Mitchell Mitchell NNP 34823 9652 3 's 's POS 34823 9652 4 stock stock NN 34823 9652 5 barometer barometer NN 34823 9652 6 , , , 34823 9652 7 1890 1890 CD 34823 9652 8 - - SYM 34823 9652 9 1911 1911 CD 34823 9652 10 , , , 34823 9652 11 _ _ NNP 34823 9652 12 Business Business NNP 34823 9652 13 Cycles Cycles NNPS 34823 9652 14 _ _ NNP 34823 9652 15 , , , 34823 9652 16 p. p. NN 34823 9652 17 175 175 CD 34823 9652 18 , , , 34823 9652 19 with with IN 34823 9652 20 records record NNS 34823 9652 21 of of IN 34823 9652 22 share share NN 34823 9652 23 sales sale NNS 34823 9652 24 for for IN 34823 9652 25 those those DT 34823 9652 26 years year NNS 34823 9652 27 . . . 34823 9653 1 [ [ -LRB- 34823 9653 2 548 548 CD 34823 9653 3 ] ] -RRB- 34823 9653 4 _ _ NNP 34823 9653 5 Purchasing Purchasing NNP 34823 9653 6 Power Power NNP 34823 9653 7 of of IN 34823 9653 8 Money Money NNP 34823 9653 9 _ _ NNP 34823 9653 10 , , , 34823 9653 11 1913 1913 CD 34823 9653 12 ed ed NNP 34823 9653 13 . . NNP 34823 9653 14 , , , 34823 9653 15 p. p. NN 34823 9653 16 186 186 CD 34823 9653 17 . . . 34823 9654 1 The the DT 34823 9654 2 same same JJ 34823 9654 3 criticism criticism NN 34823 9654 4 applies apply VBZ 34823 9654 5 to to IN 34823 9654 6 Kemmerer Kemmerer NNP 34823 9654 7 , , , 34823 9654 8 and and CC 34823 9654 9 Jevons Jevons NNP 34823 9654 10 . . . 34823 9655 1 _ _ NNP 34823 9655 2 Cf Cf NNP 34823 9655 3 . . . 34823 9655 4 _ _ NNP 34823 9655 5 Kemmerer Kemmerer NNP 34823 9655 6 , , , 34823 9655 7 _ _ NNP 34823 9655 8 Money Money NNP 34823 9655 9 and and CC 34823 9655 10 Credit Credit NNP 34823 9655 11 Instruments Instruments NNPS 34823 9655 12 _ _ NNP 34823 9655 13 , , , 34823 9655 14 pp pp NNP 34823 9655 15 . . . 34823 9656 1 70 70 CD 34823 9656 2 - - SYM 34823 9656 3 71 71 CD 34823 9656 4 . . . 34823 9657 1 It -PRON- PRP 34823 9657 2 is be VBZ 34823 9657 3 applicable applicable JJ 34823 9657 4 to to IN 34823 9657 5 most most JJS 34823 9657 6 quantity quantity NN 34823 9657 7 theorists theorist NNS 34823 9657 8 . . . 34823 9658 1 [ [ -LRB- 34823 9658 2 549 549 CD 34823 9658 3 ] ] -RRB- 34823 9658 4 _ _ NNP 34823 9658 5 Ibid Ibid NNP 34823 9658 6 . . . 34823 9658 7 _ _ NNP 34823 9658 8 , , , 34823 9658 9 p. p. NN 34823 9658 10 185 185 CD 34823 9658 11 . . . 34823 9659 1 It -PRON- PRP 34823 9659 2 will will MD 34823 9659 3 be be VB 34823 9659 4 noted note VBN 34823 9659 5 that that IN 34823 9659 6 at at IN 34823 9659 7 this this DT 34823 9659 8 point point NN 34823 9659 9 , , , 34823 9659 10 Fisher Fisher NNP 34823 9659 11 lapses lapse VBZ 34823 9659 12 from from IN 34823 9659 13 the the DT 34823 9659 14 doctrine doctrine NN 34823 9659 15 that that DT 34823 9659 16 volume volume NN 34823 9659 17 of of IN 34823 9659 18 trade trade NN 34823 9659 19 is be VBZ 34823 9659 20 determined determine VBN 34823 9659 21 by by IN 34823 9659 22 " " `` 34823 9659 23 physical physical JJ 34823 9659 24 capacities capacity NNS 34823 9659 25 and and CC 34823 9659 26 technique technique NN 34823 9659 27 . . . 34823 9659 28 " " '' 34823 9660 1 _ _ NNP 34823 9660 2 Ibid Ibid NNP 34823 9660 3 . . . 34823 9660 4 _ _ NNP 34823 9660 5 , , , 34823 9660 6 p. p. NN 34823 9660 7 155 155 CD 34823 9660 8 . . . 34823 9661 1 [ [ -LRB- 34823 9661 2 550 550 CD 34823 9661 3 ] ] -RRB- 34823 9661 4 _ _ NNP 34823 9661 5 Cf Cf NNP 34823 9661 6 . . . 34823 9661 7 _ _ NNP 34823 9661 8 our -PRON- PRP$ 34823 9661 9 discussion discussion NN 34823 9661 10 , , , 34823 9661 11 _ _ NNP 34823 9661 12 supra supra NNP 34823 9661 13 _ _ NNP 34823 9661 14 , , , 34823 9661 15 in in IN 34823 9661 16 the the DT 34823 9661 17 chapter chapter NN 34823 9661 18 on on IN 34823 9661 19 the the DT 34823 9661 20 " " `` 34823 9661 21 Functions Functions NNPS 34823 9661 22 of of IN 34823 9661 23 Money Money NNP 34823 9661 24 , , , 34823 9661 25 " " '' 34823 9661 26 of of IN 34823 9661 27 money money NN 34823 9661 28 in in IN 34823 9661 29 retail retail JJ 34823 9661 30 trade trade NN 34823 9661 31 . . . 34823 9662 1 [ [ -LRB- 34823 9662 2 551 551 CD 34823 9662 3 ] ] -RRB- 34823 9662 4 Our -PRON- PRP$ 34823 9662 5 great great JJ 34823 9662 6 private private JJ 34823 9662 7 banks bank NNS 34823 9662 8 , , , 34823 9662 9 bond bond NN 34823 9662 10 houses house NNS 34823 9662 11 , , , 34823 9662 12 and and CC 34823 9662 13 investment investment NN 34823 9662 14 bankers banker NNS 34823 9662 15 , , , 34823 9662 16 etc etc FW 34823 9662 17 . . . 34823 9662 18 , , , 34823 9662 19 of of IN 34823 9662 20 course course NN 34823 9662 21 do do VBP 34823 9662 22 buy buy VB 34823 9662 23 stocks stock NNS 34823 9662 24 of of IN 34823 9662 25 new new JJ 34823 9662 26 enterprises enterprise NNS 34823 9662 27 on on IN 34823 9662 28 a a DT 34823 9662 29 huge huge JJ 34823 9662 30 scale scale NN 34823 9662 31 . . . 34823 9663 1 Many many JJ 34823 9663 2 of of IN 34823 9663 3 our -PRON- PRP$ 34823 9663 4 big big JJ 34823 9663 5 commercial commercial JJ 34823 9663 6 banks bank NNS 34823 9663 7 have have VBP 34823 9663 8 taken take VBN 34823 9663 9 part part NN 34823 9663 10 in in IN 34823 9663 11 underwriting underwriting NN 34823 9663 12 operations operation NNS 34823 9663 13 . . . 34823 9664 1 [ [ -LRB- 34823 9664 2 552 552 CD 34823 9664 3 ] ] -RRB- 34823 9664 4 See see UH 34823 9664 5 pp pp NN 34823 9664 6 . . . 34823 9665 1 428 428 CD 34823 9665 2 - - SYM 34823 9665 3 432 432 CD 34823 9665 4 , , , 34823 9665 5 _ _ NNP 34823 9665 6 supra supra NNP 34823 9665 7 _ _ NNP 34823 9665 8 . . . 34823 9666 1 [ [ -LRB- 34823 9666 2 553 553 CD 34823 9666 3 ] ] -RRB- 34823 9666 4 _ _ NNP 34823 9666 5 Wealth Wealth NNP 34823 9666 6 of of IN 34823 9666 7 Nations Nations NNPS 34823 9666 8 _ _ NNP 34823 9666 9 , , , 34823 9666 10 Bk Bk NNP 34823 9666 11 . . . 34823 9667 1 II II NNP 34823 9667 2 , , , 34823 9667 3 ch ch NN 34823 9667 4 . . . 34823 9668 1 2 2 LS 34823 9668 2 , , , 34823 9668 3 ed ed NN 34823 9668 4 . . . 34823 9669 1 Cannan Cannan NNP 34823 9669 2 , , , 34823 9669 3 I -PRON- PRP 34823 9669 4 , , , 34823 9669 5 pp pp NNP 34823 9669 6 . . . 34823 9670 1 187 187 CD 34823 9670 2 and and CC 34823 9670 3 290 290 CD 34823 9670 4 - - SYM 34823 9670 5 291 291 CD 34823 9670 6 . . . 34823 9671 1 [ [ -LRB- 34823 9671 2 554 554 CD 34823 9671 3 ] ] -RRB- 34823 9671 4 _ _ NNP 34823 9671 5 Theorie Theorie NNP 34823 9671 6 der der NN 34823 9671 7 wirtschaftlichen wirtschaftlichen NNP 34823 9671 8 Entwicklung Entwicklung NNP 34823 9671 9 _ _ NNP 34823 9671 10 , , , 34823 9671 11 chs chs NNP 34823 9671 12 . . . 34823 9672 1 2 2 CD 34823 9672 2 and and CC 34823 9672 3 3 3 CD 34823 9672 4 . . . 34823 9673 1 [ [ -LRB- 34823 9673 2 555 555 CD 34823 9673 3 ] ] -RRB- 34823 9673 4 _ _ NNP 34823 9673 5 Supra Supra NNP 34823 9673 6 _ _ NNP 34823 9673 7 , , , 34823 9673 8 chapter chapter NN 34823 9673 9 on on IN 34823 9673 10 " " `` 34823 9673 11 Volume Volume NNP 34823 9673 12 of of IN 34823 9673 13 Money money NN 34823 9673 14 and and CC 34823 9673 15 Volume Volume NNP 34823 9673 16 of of IN 34823 9673 17 Credit Credit NNP 34823 9673 18 . . . 34823 9673 19 " " '' 34823 9674 1 [ [ -LRB- 34823 9674 2 556 556 CD 34823 9674 3 ] ] -RRB- 34823 9674 4 _ _ NNP 34823 9674 5 Interviews Interviews NNPS 34823 9674 6 on on IN 34823 9674 7 the the DT 34823 9674 8 Banking Banking NNP 34823 9674 9 and and CC 34823 9674 10 Currency Currency NNP 34823 9674 11 Systems Systems NNPS 34823 9674 12 of of IN 34823 9674 13 England England NNP 34823 9674 14 , , , 34823 9674 15 Scotland Scotland NNP 34823 9674 16 , , , 34823 9674 17 etc etc FW 34823 9674 18 . . . 34823 9674 19 _ _ NNP 34823 9674 20 , , , 34823 9674 21 Senate Senate NNP 34823 9674 22 Document Document NNP 34823 9674 23 No no UH 34823 9674 24 . . . 34823 9675 1 405 405 CD 34823 9675 2 , , , 34823 9675 3 1910 1910 CD 34823 9675 4 ( ( -LRB- 34823 9675 5 National National NNP 34823 9675 6 Monetary Monetary NNP 34823 9675 7 Commission Commission NNP 34823 9675 8 Report Report NNP 34823 9675 9 ) ) -RRB- 34823 9675 10 , , , 34823 9675 11 p. p. NN 34823 9675 12 25 25 CD 34823 9675 13 . . . 34823 9676 1 [ [ -LRB- 34823 9676 2 557 557 CD 34823 9676 3 ] ] -RRB- 34823 9676 4 This this DT 34823 9676 5 is be VBZ 34823 9676 6 clearly clearly RB 34823 9676 7 the the DT 34823 9676 8 opinion opinion NN 34823 9676 9 of of IN 34823 9676 10 European european JJ 34823 9676 11 bankers banker NNS 34823 9676 12 , , , 34823 9676 13 as as IN 34823 9676 14 indicated indicate VBN 34823 9676 15 in in IN 34823 9676 16 their -PRON- PRP$ 34823 9676 17 statements statement NNS 34823 9676 18 to to IN 34823 9676 19 interviewers interviewer NNS 34823 9676 20 for for IN 34823 9676 21 the the DT 34823 9676 22 Monetary Monetary NNP 34823 9676 23 Commission Commission NNP 34823 9676 24 . . . 34823 9677 1 See see VB 34823 9677 2 , , , 34823 9677 3 _ _ NNP 34823 9677 4 e. e. NNP 34823 9678 1 g. g. NNP 34823 9678 2 _ _ NNP 34823 9678 3 , , , 34823 9678 4 statements statement NNS 34823 9678 5 by by IN 34823 9678 6 the the DT 34823 9678 7 _ _ NNP 34823 9678 8 Deutsche Deutsche NNP 34823 9678 9 Bank Bank NNP 34823 9678 10 _ _ NNP 34823 9678 11 , , , 34823 9678 12 _ _ NNP 34823 9678 13 Ibid Ibid NNP 34823 9678 14 . . . 34823 9678 15 _ _ NNP 34823 9678 16 , , , 34823 9678 17 pp pp NNP 34823 9678 18 . . . 34823 9679 1 374 374 CD 34823 9679 2 - - SYM 34823 9679 3 375 375 CD 34823 9679 4 , , , 34823 9679 5 and and CC 34823 9679 6 the the DT 34823 9679 7 _ _ NNP 34823 9679 8 Crédit Crédit NNP 34823 9679 9 Lyonnais Lyonnais NNP 34823 9679 10 _ _ NNP 34823 9679 11 , , , 34823 9679 12 _ _ NNP 34823 9679 13 Ibid Ibid NNP 34823 9679 14 . . . 34823 9679 15 _ _ NNP 34823 9679 16 , , , 34823 9679 17 pp pp NNP 34823 9679 18 . . . 34823 9680 1 224 224 CD 34823 9680 2 - - SYM 34823 9680 3 226 226 CD 34823 9680 4 . . . 34823 9681 1 [ [ -LRB- 34823 9681 2 558 558 CD 34823 9681 3 ] ] -RRB- 34823 9681 4 The the DT 34823 9681 5 item item NN 34823 9681 6 , , , 34823 9681 7 " " '' 34823 9681 8 Due due IN 34823 9681 9 from from IN 34823 9681 10 other other JJ 34823 9681 11 banks bank NNS 34823 9681 12 and and CC 34823 9681 13 bankers banker NNS 34823 9681 14 " " '' 34823 9681 15 in in IN 34823 9681 16 our -PRON- PRP$ 34823 9681 17 table table NN 34823 9681 18 of of IN 34823 9681 19 total total JJ 34823 9681 20 bank bank NN 34823 9681 21 resources resource NNS 34823 9681 22 for for IN 34823 9681 23 1909 1909 CD 34823 9681 24 , , , 34823 9681 25 is be VBZ 34823 9681 26 2,563 2,563 CD 34823 9681 27 millions million NNS 34823 9681 28 -- -- : 34823 9681 29 about about RB 34823 9681 30 12 12 CD 34823 9681 31 % % NN 34823 9681 32 of of IN 34823 9681 33 the the DT 34823 9681 34 whole whole JJ 34823 9681 35 and and CC 34823 9681 36 slightly slightly RB 34823 9681 37 more more JJR 34823 9681 38 than than IN 34823 9681 39 the the DT 34823 9681 40 amount amount NN 34823 9681 41 we -PRON- PRP 34823 9681 42 assigned assign VBD 34823 9681 43 to to IN 34823 9681 44 " " `` 34823 9681 45 commercial commercial JJ 34823 9681 46 paper paper NN 34823 9681 47 . . . 34823 9681 48 " " '' 34823 9682 1 It -PRON- PRP 34823 9682 2 is be VBZ 34823 9682 3 a a DT 34823 9682 4 highly highly RB 34823 9682 5 important important JJ 34823 9682 6 factor factor NN 34823 9682 7 making make VBG 34823 9682 8 for for IN 34823 9682 9 liquidity liquidity NN 34823 9682 10 . . . 34823 9683 1 For for IN 34823 9683 2 State State NNP 34823 9683 3 , , , 34823 9683 4 and and CC 34823 9683 5 National national JJ 34823 9683 6 banks bank NNS 34823 9683 7 and and CC 34823 9683 8 trust trust NN 34823 9683 9 companies company NNS 34823 9683 10 it -PRON- PRP 34823 9683 11 is be VBZ 34823 9683 12 almost almost RB 34823 9683 13 as as IN 34823 9683 14 great--2,302 great--2,302 NN 34823 9683 15 millions million NNS 34823 9683 16 . . . 34823 9684 1 The the DT 34823 9684 2 first first JJ 34823 9684 3 figure figure NN 34823 9684 4 does do VBZ 34823 9684 5 not not RB 34823 9684 6 include include VB 34823 9684 7 many many JJ 34823 9684 8 great great JJ 34823 9684 9 private private JJ 34823 9684 10 banks bank NNS 34823 9684 11 . . . 34823 9685 1 [ [ -LRB- 34823 9685 2 559 559 CD 34823 9685 3 ] ] -RRB- 34823 9685 4 _ _ NNP 34823 9685 5 Vide Vide NNP 34823 9685 6 _ _ NNP 34823 9685 7 Professor Professor NNP 34823 9685 8 Taussig Taussig NNP 34823 9685 9 's 's POS 34823 9685 10 history history NN 34823 9685 11 of of IN 34823 9685 12 the the DT 34823 9685 13 years year NNS 34823 9685 14 , , , 34823 9685 15 1878 1878 CD 34823 9685 16 - - SYM 34823 9685 17 1890 1890 CD 34823 9685 18 , , , 34823 9685 19 in in IN 34823 9685 20 his -PRON- PRP$ 34823 9685 21 _ _ NNP 34823 9685 22 Silver Silver NNP 34823 9685 23 Situation Situation NNP 34823 9685 24 _ _ NNP 34823 9685 25 . . . 34823 9686 1 [ [ -LRB- 34823 9686 2 560 560 CD 34823 9686 3 ] ] -RRB- 34823 9686 4 _ _ NNP 34823 9686 5 Cf Cf NNP 34823 9686 6 . . . 34823 9686 7 _ _ NNP 34823 9686 8 Mitchell Mitchell NNP 34823 9686 9 's 's POS 34823 9686 10 _ _ NNP 34823 9686 11 Business Business NNP 34823 9686 12 Cycles Cycles NNPS 34823 9686 13 _ _ NNP 34823 9686 14 , , , 34823 9686 15 pp pp NNP 34823 9686 16 . . . 34823 9687 1 495 495 CD 34823 9687 2 - - SYM 34823 9687 3 496 496 CD 34823 9687 4 ; ; : 34823 9687 5 and and CC 34823 9687 6 _ _ NNP 34823 9687 7 passim passim NN 34823 9687 8 _ _ NNP 34823 9687 9 . . . 34823 9688 1 [ [ -LRB- 34823 9688 2 561 561 CD 34823 9688 3 ] ] -RRB- 34823 9688 4 _ _ NNP 34823 9688 5 Cf Cf NNP 34823 9688 6 . . . 34823 9688 7 _ _ NNP 34823 9688 8 the the DT 34823 9688 9 chapter chapter NN 34823 9688 10 , , , 34823 9688 11 _ _ NNP 34823 9688 12 supra supra NNP 34823 9688 13 _ _ NNP 34823 9688 14 , , , 34823 9688 15 on on IN 34823 9688 16 " " `` 34823 9688 17 The the DT 34823 9688 18 Quantity Quantity NNP 34823 9688 19 Theory Theory NNP 34823 9688 20 and and CC 34823 9688 21 International International NNP 34823 9688 22 Gold Gold NNP 34823 9688 23 Movements Movements NNPS 34823 9688 24 . . . 34823 9688 25 " " '' 34823 9689 1 [ [ -LRB- 34823 9689 2 562 562 CD 34823 9689 3 ] ] -RRB- 34823 9689 4 " " `` 34823 9689 5 The the DT 34823 9689 6 Prospects prospect NNS 34823 9689 7 of of IN 34823 9689 8 Money money NN 34823 9689 9 , , , 34823 9689 10 " " '' 34823 9689 11 British british JJ 34823 9689 12 _ _ NNP 34823 9689 13 Economic Economic NNP 34823 9689 14 Journal Journal NNP 34823 9689 15 _ _ NNP 34823 9689 16 , , , 34823 9689 17 Dec. December NNP 34823 9689 18 1914 1914 CD 34823 9689 19 . . . 34823 9690 1 [ [ -LRB- 34823 9690 2 563 563 CD 34823 9690 3 ] ] -RRB- 34823 9690 4 _ _ NNP 34823 9690 5 Cf Cf NNP 34823 9690 6 . . . 34823 9690 7 _ _ NNP 34823 9690 8 Conant Conant NNP 34823 9690 9 's 's POS 34823 9690 10 discussion discussion NN 34823 9690 11 , , , 34823 9690 12 _ _ NNP 34823 9690 13 Principles Principles NNPS 34823 9690 14 of of IN 34823 9690 15 Money Money NNP 34823 9690 16 and and CC 34823 9690 17 Banking Banking NNP 34823 9690 18 _ _ NNP 34823 9690 19 , , , 34823 9690 20 I -PRON- PRP 34823 9690 21 , , , 34823 9690 22 ch ch NN 34823 9690 23 . . . 34823 9691 1 7 7 LS 34823 9691 2 . . . 34823 9692 1 [ [ -LRB- 34823 9692 2 564 564 CD 34823 9692 3 ] ] -RRB- 34823 9692 4 This this DT 34823 9692 5 would would MD 34823 9692 6 seem seem VB 34823 9692 7 to to TO 34823 9692 8 be be VB 34823 9692 9 Mitchell Mitchell NNP 34823 9692 10 's 's POS 34823 9692 11 view view NN 34823 9692 12 . . . 34823 9693 1 _ _ NNP 34823 9693 2 Cf Cf NNP 34823 9693 3 . . . 34823 9694 1 Business Business NNP 34823 9694 2 Cycles Cycles NNPS 34823 9694 3 _ _ NNP 34823 9694 4 , , , 34823 9694 5 p. p. NN 34823 9694 6 494 494 CD 34823 9694 7 . . . 34823 9695 1 [ [ -LRB- 34823 9695 2 565 565 CD 34823 9695 3 ] ] -RRB- 34823 9695 4 _ _ NNP 34823 9695 5 Cf Cf NNP 34823 9695 6 . . . 34823 9695 7 _ _ NNP 34823 9695 8 chapter chapter NN 34823 9695 9 XIII XIII NNP 34823 9695 10 . . . 34823 9696 1 [ [ -LRB- 34823 9696 2 566 566 CD 34823 9696 3 ] ] -RRB- 34823 9696 4 _ _ NNP 34823 9696 5 Cf Cf NNP 34823 9696 6 . . . 34823 9696 7 _ _ NNP 34823 9696 8 the the DT 34823 9696 9 chapter chapter NN 34823 9696 10 on on IN 34823 9696 11 " " `` 34823 9696 12 The The NNP 34823 9696 13 Functions Functions NNPS 34823 9696 14 of of IN 34823 9696 15 Money Money NNP 34823 9696 16 , , , 34823 9696 17 " " '' 34823 9696 18 _ _ NNP 34823 9696 19 supra supra NNP 34823 9696 20 _ _ NNP 34823 9696 21 . . . 34823 9697 1 [ [ -LRB- 34823 9697 2 567 567 CD 34823 9697 3 ] ] -RRB- 34823 9697 4 _ _ NNP 34823 9697 5 Money Money NNP 34823 9697 6 and and CC 34823 9697 7 Credit Credit NNP 34823 9697 8 Instruments Instruments NNPS 34823 9697 9 _ _ NNP 34823 9697 10 , , , 34823 9697 11 p. p. NN 34823 9697 12 80 80 CD 34823 9697 13 . . . 34823 9698 1 [ [ -LRB- 34823 9698 2 568 568 CD 34823 9698 3 ] ] -RRB- 34823 9698 4 _ _ NNP 34823 9698 5 Ibid Ibid NNP 34823 9698 6 . . . 34823 9698 7 _ _ NNP 34823 9698 8 , , , 34823 9698 9 p. p. NN 34823 9698 10 82 82 CD 34823 9698 11 . . . 34823 9699 1 Italics italic NNS 34823 9699 2 mine -PRON- PRP 34823 9699 3 . . . 34823 9700 1 [ [ -LRB- 34823 9700 2 569 569 CD 34823 9700 3 ] ] -RRB- 34823 9700 4 Kemmerer Kemmerer NNP 34823 9700 5 , , , 34823 9700 6 in in IN 34823 9700 7 general general JJ 34823 9700 8 , , , 34823 9700 9 is be VBZ 34823 9700 10 less less RBR 34823 9700 11 concerned concerned JJ 34823 9700 12 , , , 34823 9700 13 apparently apparently RB 34823 9700 14 , , , 34823 9700 15 with with IN 34823 9700 16 defending defend VBG 34823 9700 17 a a DT 34823 9700 18 causal causal JJ 34823 9700 19 quantity quantity NN 34823 9700 20 theory theory NN 34823 9700 21 than than IN 34823 9700 22 with with IN 34823 9700 23 defending defend VBG 34823 9700 24 the the DT 34823 9700 25 " " `` 34823 9700 26 equation equation NN 34823 9700 27 of of IN 34823 9700 28 exchange exchange NN 34823 9700 29 . . . 34823 9700 30 " " '' 34823 9701 1 To to IN 34823 9701 2 the the DT 34823 9701 3 extent extent NN 34823 9701 4 that that IN 34823 9701 5 this this DT 34823 9701 6 is be VBZ 34823 9701 7 true true JJ 34823 9701 8 , , , 34823 9701 9 I -PRON- PRP 34823 9701 10 have have VBP 34823 9701 11 little little JJ 34823 9701 12 quarrel quarrel NN 34823 9701 13 with with IN 34823 9701 14 his -PRON- PRP$ 34823 9701 15 doctrines doctrine NNS 34823 9701 16 . . . 34823 9702 1 To to TO 34823 9702 2 " " `` 34823 9702 3 prove prove VB 34823 9702 4 " " '' 34823 9702 5 the the DT 34823 9702 6 " " '' 34823 9702 7 equation equation NNP 34823 9702 8 of of IN 34823 9702 9 exchange exchange NN 34823 9702 10 , , , 34823 9702 11 " " '' 34823 9702 12 however however RB 34823 9702 13 , , , 34823 9702 14 is be VBZ 34823 9702 15 , , , 34823 9702 16 first first RB 34823 9702 17 , , , 34823 9702 18 a a DT 34823 9702 19 work work NN 34823 9702 20 of of IN 34823 9702 21 supererogation supererogation NN 34823 9702 22 , , , 34823 9702 23 and and CC 34823 9702 24 , , , 34823 9702 25 second second JJ 34823 9702 26 , , , 34823 9702 27 in in IN 34823 9702 28 no no DT 34823 9702 29 sense sense NN 34823 9702 30 a a DT 34823 9702 31 proof proof NN 34823 9702 32 of of IN 34823 9702 33 the the DT 34823 9702 34 quantity quantity NN 34823 9702 35 theory theory NN 34823 9702 36 . . . 34823 9703 1 _ _ NNP 34823 9703 2 Vide Vide NNP 34823 9703 3 _ _ NNP 34823 9703 4 the the DT 34823 9703 5 chapters chapter NNS 34823 9703 6 , , , 34823 9703 7 _ _ NNP 34823 9703 8 supra supra NNP 34823 9703 9 _ _ NNP 34823 9703 10 , , , 34823 9703 11 on on IN 34823 9703 12 the the DT 34823 9703 13 equation equation NN 34823 9703 14 of of IN 34823 9703 15 exchange exchange NN 34823 9703 16 and and CC 34823 9703 17 on on IN 34823 9703 18 statistics statistic NNS 34823 9703 19 of of IN 34823 9703 20 the the DT 34823 9703 21 quantity quantity NN 34823 9703 22 theory theory NN 34823 9703 23 . . . 34823 9704 1 [ [ -LRB- 34823 9704 2 570 570 CD 34823 9704 3 ] ] -RRB- 34823 9704 4 Published publish VBN 34823 9704 5 by by IN 34823 9704 6 the the DT 34823 9704 7 National National NNP 34823 9704 8 City City NNP 34823 9704 9 Bank Bank NNP 34823 9704 10 of of IN 34823 9704 11 New New NNP 34823 9704 12 York York NNP 34823 9704 13 . . . 34823 9705 1 _ _ NNP 34823 9705 2 Vide Vide NNP 34823 9705 3 _ _ NNP 34823 9705 4 also also RB 34823 9705 5 Bagehot Bagehot NNP 34823 9705 6 . . . 34823 9706 1 _ _ NNP 34823 9706 2 Lombard Lombard NNP 34823 9706 3 Street Street NNP 34823 9706 4 _ _ NNP 34823 9706 5 , , , 34823 9706 6 introductory introductory JJ 34823 9706 7 chapter chapter NN 34823 9706 8 , , , 34823 9706 9 and and CC 34823 9706 10 Withers Withers NNP 34823 9706 11 , , , 34823 9706 12 _ _ NNP 34823 9706 13 The the DT 34823 9706 14 Meaning Meaning NNP 34823 9706 15 of of IN 34823 9706 16 Money Money NNP 34823 9706 17 _ _ NNP 34823 9706 18 . . . 34823 9707 1 [ [ -LRB- 34823 9707 2 571 571 CD 34823 9707 3 ] ] -RRB- 34823 9707 4 This this DT 34823 9707 5 information information NN 34823 9707 6 is be VBZ 34823 9707 7 supplied supply VBN 34823 9707 8 me -PRON- PRP 34823 9707 9 by by IN 34823 9707 10 an an DT 34823 9707 11 official official NN 34823 9707 12 of of IN 34823 9707 13 the the DT 34823 9707 14 New New NNP 34823 9707 15 York York NNP 34823 9707 16 Coffee Coffee NNP 34823 9707 17 Exchange Exchange NNP 34823 9707 18 , , , 34823 9707 19 through through IN 34823 9707 20 the the DT 34823 9707 21 courtesy courtesy NN 34823 9707 22 of of IN 34823 9707 23 Mr. Mr. NNP 34823 9707 24 W. W. NNP 34823 9707 25 H. H. NNP 34823 9707 26 Aborn Aborn NNP 34823 9707 27 , , , 34823 9707 28 of of IN 34823 9707 29 Aborn Aborn NNP 34823 9707 30 and and CC 34823 9707 31 Cushman Cushman NNP 34823 9707 32 , , , 34823 9707 33 Coffee Coffee NNP 34823 9707 34 Brokers Brokers NNPS 34823 9707 35 , , , 34823 9707 36 77 77 CD 34823 9707 37 Front Front NNP 34823 9707 38 St. St. NNP 34823 9707 39 , , , 34823 9707 40 New New NNP 34823 9707 41 York York NNP 34823 9707 42 . . . 34823 9708 1 [ [ -LRB- 34823 9708 2 572 572 CD 34823 9708 3 ] ] -RRB- 34823 9708 4 _ _ NNP 34823 9708 5 Principles Principles NNPS 34823 9708 6 of of IN 34823 9708 7 Economics Economics NNP 34823 9708 8 _ _ NNP 34823 9708 9 , , , 34823 9708 10 _ _ NNP 34823 9708 11 passim passim NN 34823 9708 12 _ _ NNP 34823 9708 13 . . . 34823 9709 1 [ [ -LRB- 34823 9709 2 573 573 CD 34823 9709 3 ] ] -RRB- 34823 9709 4 _ _ NNP 34823 9709 5 Theorie Theorie NNP 34823 9709 6 der der NN 34823 9709 7 wirtschaftlichen wirtschaftlichen NNP 34823 9709 8 Entwicklung Entwicklung NNP 34823 9709 9 . . . 34823 9709 10 _ _ NNP 34823 9709 11 [ [ -LRB- 34823 9709 12 574 574 CD 34823 9709 13 ] ] -RRB- 34823 9709 14 The the DT 34823 9709 15 writer writer NN 34823 9709 16 has have VBZ 34823 9709 17 ventured venture VBN 34823 9709 18 some some DT 34823 9709 19 tentative tentative JJ 34823 9709 20 predictions prediction NNS 34823 9709 21 as as IN 34823 9709 22 to to IN 34823 9709 23 conditions condition NNS 34823 9709 24 following follow VBG 34823 9709 25 the the DT 34823 9709 26 present present JJ 34823 9709 27 War War NNP 34823 9709 28 in in IN 34823 9709 29 the the DT 34823 9709 30 New New NNP 34823 9709 31 York York NNP 34823 9709 32 _ _ NNP 34823 9709 33 Times Times NNP 34823 9709 34 _ _ NNP 34823 9709 35 Sunday Sunday NNP 34823 9709 36 magazine magazine NN 34823 9709 37 of of IN 34823 9709 38 Dec. December NNP 34823 9709 39 10 10 CD 34823 9709 40 , , , 34823 9709 41 1916 1916 CD 34823 9709 42 , , , 34823 9709 43 pp pp NNP 34823 9709 44 . . . 34823 9710 1 10 10 CD 34823 9710 2 - - SYM 34823 9710 3 11 11 CD 34823 9710 4 . . . 34823 9711 1 [ [ -LRB- 34823 9711 2 575 575 CD 34823 9711 3 ] ] -RRB- 34823 9711 4 There there EX 34823 9711 5 are be VBP 34823 9711 6 important important JJ 34823 9711 7 dynamic dynamic NN 34823 9711 8 and and CC 34823 9711 9 " " `` 34823 9711 10 frictional frictional JJ 34823 9711 11 " " '' 34823 9711 12 considerations consideration NNS 34823 9711 13 opposed oppose VBN 34823 9711 14 to to IN 34823 9711 15 protective protective JJ 34823 9711 16 tariffs tariff NNS 34823 9711 17 , , , 34823 9711 18 as as RB 34823 9711 19 well well RB 34823 9711 20 as as IN 34823 9711 21 static static JJ 34823 9711 22 considerations consideration NNS 34823 9711 23 . . . 34823 9712 1 Very very RB 34823 9712 2 many many JJ 34823 9712 3 of of IN 34823 9712 4 the the DT 34823 9712 5 " " `` 34823 9712 6 intangibles intangible NNS 34823 9712 7 " " '' 34823 9712 8 later later RB 34823 9712 9 to to TO 34823 9712 10 be be VB 34823 9712 11 discussed discuss VBN 34823 9712 12 depend depend VBP 34823 9712 13 on on IN 34823 9712 14 free free JJ 34823 9712 15 trade trade NN 34823 9712 16 . . . 34823 9713 1 A a DT 34823 9713 2 high high JJ 34823 9713 3 percentage percentage NN 34823 9713 4 of of IN 34823 9713 5 England England NNP 34823 9713 6 's 's POS 34823 9713 7 " " `` 34823 9713 8 capital capital NN 34823 9713 9 " " '' 34823 9713 10 would would MD 34823 9713 11 be be VB 34823 9713 12 destroyed destroy VBN 34823 9713 13 by by IN 34823 9713 14 protective protective JJ 34823 9713 15 tariffs tariff NNS 34823 9713 16 and and CC 34823 9713 17 trade trade NN 34823 9713 18 restrictions restriction NNS 34823 9713 19 , , , 34823 9713 20 and and CC 34823 9713 21 to to IN 34823 9713 22 a a DT 34823 9713 23 less less JJR 34823 9713 24 degree degree NN 34823 9713 25 this this DT 34823 9713 26 is be VBZ 34823 9713 27 true true JJ 34823 9713 28 of of IN 34823 9713 29 all all DT 34823 9713 30 countries country NNS 34823 9713 31 . . . 34823 9714 1 _ _ NNP 34823 9714 2 Vide Vide NNP 34823 9714 3 _ _ NNP 34823 9714 4 N. N. NNP 34823 9714 5 Y. Y. NNP 34823 9715 1 _ _ NNP 34823 9715 2 Times Times NNP 34823 9715 3 _ _ NNP 34823 9715 4 Sunday Sunday NNP 34823 9715 5 magazine magazine NN 34823 9715 6 , , , 34823 9715 7 Dec. December NNP 34823 9715 8 10 10 CD 34823 9715 9 , , , 34823 9715 10 1916 1916 CD 34823 9715 11 , , , 34823 9715 12 pp pp NNP 34823 9715 13 . . . 34823 9716 1 10 10 CD 34823 9716 2 - - SYM 34823 9716 3 11 11 CD 34823 9716 4 . . . 34823 9717 1 [ [ -LRB- 34823 9717 2 576 576 CD 34823 9717 3 ] ] -RRB- 34823 9717 4 A a DT 34823 9717 5 case case NN 34823 9717 6 in in IN 34823 9717 7 point point NN 34823 9717 8 is be VBZ 34823 9717 9 the the DT 34823 9717 10 discussion discussion NN 34823 9717 11 of of IN 34823 9717 12 the the DT 34823 9717 13 effects effect NNS 34823 9717 14 of of IN 34823 9717 15 increment increment JJ 34823 9717 16 taxes taxis NNS 34823 9717 17 on on IN 34823 9717 18 the the DT 34823 9717 19 building building NN 34823 9717 20 trade trade NN 34823 9717 21 , , , 34823 9717 22 participated participate VBD 34823 9717 23 in in IN 34823 9717 24 by by IN 34823 9717 25 Professor Professor NNP 34823 9717 26 R. R. NNP 34823 9717 27 M. M. NNP 34823 9717 28 Haig Haig NNP 34823 9717 29 and and CC 34823 9717 30 the the DT 34823 9717 31 present present JJ 34823 9717 32 writer writer NN 34823 9717 33 in in IN 34823 9717 34 the the DT 34823 9717 35 _ _ NNP 34823 9717 36 Quarterly Quarterly NNP 34823 9717 37 Journal Journal NNP 34823 9717 38 of of IN 34823 9717 39 Economics Economics NNP 34823 9717 40 _ _ NNP 34823 9717 41 , , , 34823 9717 42 Aug. August NNP 34823 9717 43 1914 1914 CD 34823 9717 44 , , , 34823 9717 45 and and CC 34823 9717 46 Aug. August NNP 34823 9717 47 1915 1915 CD 34823 9717 48 . . . 34823 9718 1 The the DT 34823 9718 2 doctrines doctrine NNS 34823 9718 3 criticised criticise VBD 34823 9718 4 in in IN 34823 9718 5 my -PRON- PRP$ 34823 9718 6 article article NN 34823 9718 7 were be VBD 34823 9718 8 static static JJ 34823 9718 9 theories theory NNS 34823 9718 10 , , , 34823 9718 11 and and CC 34823 9718 12 my -PRON- PRP$ 34823 9718 13 criticisms criticism NNS 34823 9718 14 made make VBD 34823 9718 15 the the DT 34823 9718 16 static static JJ 34823 9718 17 assumptions assumption NNS 34823 9718 18 . . . 34823 9719 1 Professor Professor NNP 34823 9719 2 Haig Haig NNP 34823 9719 3 , , , 34823 9719 4 accepting accept VBG 34823 9719 5 the the DT 34823 9719 6 validity validity NN 34823 9719 7 of of IN 34823 9719 8 my -PRON- PRP$ 34823 9719 9 criticisms criticism NNS 34823 9719 10 on on IN 34823 9719 11 the the DT 34823 9719 12 assumptions assumption NNS 34823 9719 13 laid lay VBN 34823 9719 14 down down RP 34823 9719 15 , , , 34823 9719 16 for for IN 34823 9719 17 the the DT 34823 9719 18 most most JJS 34823 9719 19 part part NN 34823 9719 20 , , , 34823 9719 21 seeks seek VBZ 34823 9719 22 to to TO 34823 9719 23 recast recast VB 34823 9719 24 the the DT 34823 9719 25 argument argument NN 34823 9719 26 on on IN 34823 9719 27 a a DT 34823 9719 28 dynamic dynamic JJ 34823 9719 29 basis basis NN 34823 9719 30 , , , 34823 9719 31 emphasizing emphasize VBG 34823 9719 32 dynamic dynamic JJ 34823 9719 33 and and CC 34823 9719 34 " " `` 34823 9719 35 frictional frictional JJ 34823 9719 36 " " '' 34823 9719 37 considerations consideration NNS 34823 9719 38 from from IN 34823 9719 39 which which WDT 34823 9719 40 my -PRON- PRP$ 34823 9719 41 argument argument NN 34823 9719 42 had have VBD 34823 9719 43 abstracted abstract VBN 34823 9719 44 . . . 34823 9720 1 I -PRON- PRP 34823 9720 2 think think VBP 34823 9720 3 that that IN 34823 9720 4 what what WDT 34823 9720 5 difference difference NN 34823 9720 6 of of IN 34823 9720 7 opinion opinion NN 34823 9720 8 remains remain VBZ 34823 9720 9 between between IN 34823 9720 10 us -PRON- PRP 34823 9720 11 would would MD 34823 9720 12 probably probably RB 34823 9720 13 be be VB 34823 9720 14 removed remove VBN 34823 9720 15 if if IN 34823 9720 16 the the DT 34823 9720 17 distinction distinction NN 34823 9720 18 between between IN 34823 9720 19 static static JJ 34823 9720 20 and and CC 34823 9720 21 dynamic dynamic JJ 34823 9720 22 were be VBD 34823 9720 23 clearly clearly RB 34823 9720 24 drawn draw VBN 34823 9720 25 and and CC 34823 9720 26 rigidly rigidly RB 34823 9720 27 adhered adhere VBN 34823 9720 28 to to IN 34823 9720 29 . . . 34823 9721 1 [ [ -LRB- 34823 9721 2 577 577 CD 34823 9721 3 ] ] -RRB- 34823 9721 4 _ _ NNP 34823 9721 5 Cf Cf NNP 34823 9721 6 . . . 34823 9721 7 _ _ IN 34823 9721 8 my -PRON- PRP$ 34823 9721 9 review review NN 34823 9721 10 - - HYPH 34823 9721 11 article article NN 34823 9721 12 , , , 34823 9721 13 " " `` 34823 9721 14 Schumpeter Schumpeter NNP 34823 9721 15 's 's POS 34823 9721 16 Dynamic Dynamic NNP 34823 9721 17 Economics Economics NNP 34823 9721 18 , , , 34823 9721 19 " " '' 34823 9721 20 _ _ NNP 34823 9721 21 Pol Pol NNP 34823 9721 22 . . . 34823 9722 1 Sci Sci NNP 34823 9722 2 . . . 34823 9723 1 Quart Quart NNP 34823 9723 2 . . . 34823 9723 3 _ _ NNP 34823 9723 4 , , , 34823 9723 5 Dec. December NNP 34823 9723 6 1915 1915 CD 34823 9723 7 , , , 34823 9723 8 p. p. NN 34823 9723 9 645 645 CD 34823 9723 10 . . . 34823 9724 1 [ [ -LRB- 34823 9724 2 578 578 CD 34823 9724 3 ] ] -RRB- 34823 9724 4 _ _ NNP 34823 9724 5 Distribution Distribution NNP 34823 9724 6 of of IN 34823 9724 7 Wealth Wealth NNP 34823 9724 8 _ _ NNP 34823 9724 9 ; ; : 34823 9724 10 _ _ NNP 34823 9724 11 Essentials Essentials NNPS 34823 9724 12 of of IN 34823 9724 13 Economic Economic NNP 34823 9724 14 Theory Theory NNP 34823 9724 15 _ _ NNP 34823 9724 16 . . . 34823 9725 1 [ [ -LRB- 34823 9725 2 579 579 CD 34823 9725 3 ] ] -RRB- 34823 9725 4 _ _ NNP 34823 9725 5 Theorie Theorie NNP 34823 9725 6 der der NN 34823 9725 7 wirtschaftlichen wirtschaftlichen NNP 34823 9725 8 Entwicklung Entwicklung NNP 34823 9725 9 _ _ NNP 34823 9725 10 . . . 34823 9726 1 [ [ -LRB- 34823 9726 2 580 580 CD 34823 9726 3 ] ] -RRB- 34823 9726 4 _ _ NNP 34823 9726 5 Cf Cf NNP 34823 9726 6 . . . 34823 9726 7 _ _ NNP 34823 9726 8 my -PRON- PRP$ 34823 9726 9 _ _ NNP 34823 9726 10 Social Social NNP 34823 9726 11 Value Value NNP 34823 9726 12 _ _ NNP 34823 9726 13 , , , 34823 9726 14 pp pp NNP 34823 9726 15 . . . 34823 9727 1 139 139 CD 34823 9727 2 - - SYM 34823 9727 3 140 140 CD 34823 9727 4 , , , 34823 9727 5 n. n. NNP 34823 9727 6 [ [ -LRB- 34823 9727 7 581 581 CD 34823 9727 8 ] ] -RRB- 34823 9727 9 _ _ NNP 34823 9727 10 Purchasing Purchasing NNP 34823 9727 11 Power Power NNP 34823 9727 12 of of IN 34823 9727 13 Money Money NNP 34823 9727 14 _ _ NNP 34823 9727 15 , , , 34823 9727 16 ch ch NN 34823 9727 17 . . . 34823 9728 1 4 4 LS 34823 9728 2 . . . 34823 9729 1 [ [ -LRB- 34823 9729 2 582 582 CD 34823 9729 3 ] ] -RRB- 34823 9729 4 _ _ NNP 34823 9729 5 Theory Theory NNP 34823 9729 6 of of IN 34823 9729 7 Business Business NNP 34823 9729 8 Enterprise Enterprise NNP 34823 9729 9 . . . 34823 9729 10 _ _ NNP 34823 9729 11 [ [ -LRB- 34823 9729 12 583 583 CD 34823 9729 13 ] ] -RRB- 34823 9729 14 _ _ NNP 34823 9729 15 Vide Vide NNP 34823 9729 16 _ _ NNP 34823 9729 17 my -PRON- PRP$ 34823 9729 18 discussion discussion NN 34823 9729 19 of of IN 34823 9729 20 Professor Professor NNP 34823 9729 21 Patten Patten NNP 34823 9729 22 's 's POS 34823 9729 23 _ _ NNP 34823 9729 24 Reconstruction Reconstruction NNP 34823 9729 25 of of IN 34823 9729 26 Economic Economic NNP 34823 9729 27 Theory Theory NNP 34823 9729 28 _ _ NNP 34823 9729 29 in in IN 34823 9729 30 the the DT 34823 9729 31 _ _ NNP 34823 9729 32 Political Political NNP 34823 9729 33 Science Science NNP 34823 9729 34 Quarterly Quarterly NNP 34823 9729 35 _ _ NNP 34823 9729 36 of of IN 34823 9729 37 March March NNP 34823 9729 38 , , , 34823 9729 39 1913 1913 CD 34823 9729 40 , , , 34823 9729 41 and and CC 34823 9729 42 the the DT 34823 9729 43 _ _ NNP 34823 9729 44 American American NNP 34823 9729 45 Economic Economic NNP 34823 9729 46 Review Review NNP 34823 9729 47 _ _ NNP 34823 9729 48 , , , 34823 9729 49 Supplement Supplement NNP 34823 9729 50 to to IN 34823 9729 51 the the DT 34823 9729 52 March March NNP 34823 9729 53 number number NN 34823 9729 54 , , , 34823 9729 55 1913 1913 CD 34823 9729 56 , , , 34823 9729 57 pp pp NNP 34823 9729 58 . . . 34823 9730 1 90 90 CD 34823 9730 2 - - SYM 34823 9730 3 93 93 CD 34823 9730 4 . . . 34823 9731 1 [ [ -LRB- 34823 9731 2 584 584 CD 34823 9731 3 ] ] -RRB- 34823 9731 4 _ _ NNP 34823 9731 5 Cf Cf NNP 34823 9731 6 . . . 34823 9731 7 _ _ NNP 34823 9731 8 Schumpeter Schumpeter NNP 34823 9731 9 , , , 34823 9731 10 _ _ NNP 34823 9731 11 loc loc NN 34823 9731 12 . . . 34823 9732 1 cit cit NNP 34823 9732 2 . . . 34823 9732 3 _ _ NNP 34823 9732 4 , , , 34823 9732 5 pp pp NNP 34823 9732 6 . . . 34823 9733 1 1 1 CD 34823 9733 2 - - SYM 34823 9733 3 101 101 CD 34823 9733 4 , , , 34823 9733 5 and and CC 34823 9733 6 _ _ NNP 34823 9733 7 passim passim NN 34823 9733 8 _ _ NNP 34823 9733 9 . . . 34823 9734 1 That that IN 34823 9734 2 the the DT 34823 9734 3 quantity quantity NN 34823 9734 4 theory theory NN 34823 9734 5 is be VBZ 34823 9734 6 essentially essentially RB 34823 9734 7 " " `` 34823 9734 8 static static JJ 34823 9734 9 " " '' 34823 9734 10 will will MD 34823 9734 11 appear appear VB 34823 9734 12 strikingly strikingly RB 34823 9734 13 if if IN 34823 9734 14 the the DT 34823 9734 15 statements statement NNS 34823 9734 16 in in IN 34823 9734 17 the the DT 34823 9734 18 text text NN 34823 9734 19 be be VB 34823 9734 20 compared compare VBN 34823 9734 21 with with IN 34823 9734 22 Fisher Fisher NNP 34823 9734 23 's 's POS 34823 9734 24 discussion discussion NN 34823 9734 25 in in IN 34823 9734 26 chs chs NNP 34823 9734 27 . . . 34823 9735 1 5 5 CD 34823 9735 2 - - SYM 34823 9735 3 7 7 CD 34823 9735 4 of of IN 34823 9735 5 _ _ NNP 34823 9735 6 The the DT 34823 9735 7 Purchasing Purchasing NNP 34823 9735 8 Power Power NNP 34823 9735 9 of of IN 34823 9735 10 Money Money NNP 34823 9735 11 _ _ NNP 34823 9735 12 . . . 34823 9736 1 [ [ -LRB- 34823 9736 2 585 585 CD 34823 9736 3 ] ] -RRB- 34823 9736 4 It -PRON- PRP 34823 9736 5 is be VBZ 34823 9736 6 only only RB 34823 9736 7 as as IN 34823 9736 8 a a DT 34823 9736 9 matter matter NN 34823 9736 10 of of IN 34823 9736 11 highly highly RB 34823 9736 12 abstract abstract JJ 34823 9736 13 statics static NNS 34823 9736 14 that that WDT 34823 9736 15 the the DT 34823 9736 16 capitalization capitalization NN 34823 9736 17 theory theory NN 34823 9736 18 ( ( -LRB- 34823 9736 19 as as IN 34823 9736 20 presented present VBN 34823 9736 21 in in IN 34823 9736 22 earlier early JJR 34823 9736 23 chapters chapter NNS 34823 9736 24 ) ) -RRB- 34823 9736 25 can can MD 34823 9736 26 be be VB 34823 9736 27 maintained maintain VBN 34823 9736 28 with with IN 34823 9736 29 any any DT 34823 9736 30 strictness strictness NN 34823 9736 31 . . . 34823 9737 1 In in IN 34823 9737 2 fact fact NN 34823 9737 3 , , , 34823 9737 4 capital capital NN 34823 9737 5 values value NNS 34823 9737 6 are be VBP 34823 9737 7 not not RB 34823 9737 8 always always RB 34823 9737 9 passive passive JJ 34823 9737 10 shadows shadow NNS 34823 9737 11 , , , 34823 9737 12 yielding yield VBG 34823 9737 13 freely freely RB 34823 9737 14 to to IN 34823 9737 15 changes change NNS 34823 9737 16 in in IN 34823 9737 17 anticipated anticipated JJ 34823 9737 18 income income NN 34823 9737 19 , , , 34823 9737 20 and and CC 34823 9737 21 to to IN 34823 9737 22 changes change NNS 34823 9737 23 in in IN 34823 9737 24 the the DT 34823 9737 25 rate rate NN 34823 9737 26 of of IN 34823 9737 27 discount discount NN 34823 9737 28 . . . 34823 9738 1 Very very RB 34823 9738 2 often often RB 34823 9738 3 capital capital NN 34823 9738 4 values value NNS 34823 9738 5 become become VBP 34823 9738 6 themselves -PRON- PRP 34823 9738 7 substantial substantial JJ 34823 9738 8 , , , 34823 9738 9 become become VBP 34823 9738 10 divorced divorced JJ 34823 9738 11 from from IN 34823 9738 12 their -PRON- PRP$ 34823 9738 13 presuppositions presupposition NNS 34823 9738 14 , , , 34823 9738 15 can can MD 34823 9738 16 no no RB 34823 9738 17 longer longer RB 34823 9738 18 be be VB 34823 9738 19 explained explain VBN 34823 9738 20 by by IN 34823 9738 21 any any DT 34823 9738 22 imputation imputation NN 34823 9738 23 process process NN 34823 9738 24 . . . 34823 9739 1 This this DT 34823 9739 2 is be VBZ 34823 9739 3 particularly particularly RB 34823 9739 4 likely likely JJ 34823 9739 5 to to TO 34823 9739 6 be be VB 34823 9739 7 the the DT 34823 9739 8 case case NN 34823 9739 9 with with IN 34823 9739 10 lands land NNS 34823 9739 11 in in IN 34823 9739 12 inactive inactive JJ 34823 9739 13 markets market NNS 34823 9739 14 . . . 34823 9740 1 The the DT 34823 9740 2 income income NN 34823 9740 3 - - HYPH 34823 9740 4 bearer bearer NN 34823 9740 5 is be VBZ 34823 9740 6 as as RB 34823 9740 7 much much JJ 34823 9740 8 an an DT 34823 9740 9 object object NN 34823 9740 10 of of IN 34823 9740 11 value value NN 34823 9740 12 as as IN 34823 9740 13 is be VBZ 34823 9740 14 the the DT 34823 9740 15 income income NN 34823 9740 16 ; ; : 34823 9740 17 is be VBZ 34823 9740 18 often often RB 34823 9740 19 _ _ NNP 34823 9740 20 immediately immediately RB 34823 9740 21 _ _ NNP 34823 9740 22 , , , 34823 9740 23 for for IN 34823 9740 24 its -PRON- PRP$ 34823 9740 25 own own JJ 34823 9740 26 sake sake NN 34823 9740 27 , , , 34823 9740 28 an an DT 34823 9740 29 object object NN 34823 9740 30 of of IN 34823 9740 31 value value NN 34823 9740 32 . . . 34823 9741 1 The the DT 34823 9741 2 long long RB 34823 9741 3 - - HYPH 34823 9741 4 run run VBN 34823 9741 5 tendency tendency NN 34823 9741 6 to to TO 34823 9741 7 assimilate assimilate VB 34823 9741 8 this this DT 34823 9741 9 value value NN 34823 9741 10 to to IN 34823 9741 11 a a DT 34823 9741 12 capitalization capitalization NN 34823 9741 13 of of IN 34823 9741 14 prospective prospective JJ 34823 9741 15 incomes income NNS 34823 9741 16 may may MD 34823 9741 17 be be VB 34823 9741 18 exceedingly exceedingly RB 34823 9741 19 slow slow JJ 34823 9741 20 in in IN 34823 9741 21 working work VBG 34823 9741 22 out out RP 34823 9741 23 , , , 34823 9741 24 if if IN 34823 9741 25 it -PRON- PRP 34823 9741 26 ever ever RB 34823 9741 27 works work VBZ 34823 9741 28 out out RP 34823 9741 29 . . . 34823 9742 1 Indeed indeed RB 34823 9742 2 , , , 34823 9742 3 a a DT 34823 9742 4 high high JJ 34823 9742 5 capital capital NN 34823 9742 6 value value NN 34823 9742 7 may may MD 34823 9742 8 sometimes sometimes RB 34823 9742 9 be be VB 34823 9742 10 a a DT 34823 9742 11 means means NN 34823 9742 12 of of IN 34823 9742 13 increasing increase VBG 34823 9742 14 the the DT 34823 9742 15 income income NN 34823 9742 16 , , , 34823 9742 17 since since IN 34823 9742 18 in in IN 34823 9742 19 the the DT 34823 9742 20 minds mind NNS 34823 9742 21 both both DT 34823 9742 22 of of IN 34823 9742 23 lessor lessor NN 34823 9742 24 and and CC 34823 9742 25 lessee lessee VB 34823 9742 26 the the DT 34823 9742 27 usual usual JJ 34823 9742 28 percentage percentage NN 34823 9742 29 return return NN 34823 9742 30 on on IN 34823 9742 31 capital capital NN 34823 9742 32 will will MD 34823 9742 33 be be VB 34823 9742 34 a a DT 34823 9742 35 factor factor NN 34823 9742 36 in in IN 34823 9742 37 determining determine VBG 34823 9742 38 what what WP 34823 9742 39 is be VBZ 34823 9742 40 a a DT 34823 9742 41 " " `` 34823 9742 42 proper proper JJ 34823 9742 43 " " '' 34823 9742 44 rental rental NN 34823 9742 45 . . . 34823 9743 1 If if IN 34823 9743 2 a a DT 34823 9743 3 capital capital NN 34823 9743 4 value value NN 34823 9743 5 , , , 34823 9743 6 no no RB 34823 9743 7 longer long RBR 34823 9743 8 justified justify VBN 34823 9743 9 by by IN 34823 9743 10 prospective prospective JJ 34823 9743 11 income income NN 34823 9743 12 , , , 34823 9743 13 has have VBZ 34823 9743 14 behind behind IN 34823 9743 15 it -PRON- PRP 34823 9743 16 the the DT 34823 9743 17 sanction sanction NN 34823 9743 18 of of IN 34823 9743 19 actual actual JJ 34823 9743 20 cost cost NN 34823 9743 21 - - HYPH 34823 9743 22 outlay outlay NN 34823 9743 23 , , , 34823 9743 24 there there EX 34823 9743 25 may may MD 34823 9743 26 easily easily RB 34823 9743 27 be be VB 34823 9743 28 a a DT 34823 9743 29 reflex reflex NN 34823 9743 30 from from IN 34823 9743 31 it -PRON- PRP 34823 9743 32 on on IN 34823 9743 33 the the DT 34823 9743 34 size size NN 34823 9743 35 of of IN 34823 9743 36 the the DT 34823 9743 37 income income NN 34823 9743 38 itself -PRON- PRP 34823 9743 39 . . . 34823 9744 1 Such such PDT 34823 9744 2 a a DT 34823 9744 3 capital capital NN 34823 9744 4 value value NN 34823 9744 5 , , , 34823 9744 6 unjustified unjustifie VBN 34823 9744 7 by by IN 34823 9744 8 prospective prospective JJ 34823 9744 9 income income NN 34823 9744 10 , , , 34823 9744 11 but but CC 34823 9744 12 still still RB 34823 9744 13 believed believe VBD 34823 9744 14 in in RP 34823 9744 15 by by IN 34823 9744 16 the the DT 34823 9744 17 market market NN 34823 9744 18 , , , 34823 9744 19 may may MD 34823 9744 20 function function VB 34823 9744 21 just just RB 34823 9744 22 as as RB 34823 9744 23 effectively effectively RB 34823 9744 24 as as IN 34823 9744 25 any any DT 34823 9744 26 other other JJ 34823 9744 27 capital capital NN 34823 9744 28 value value NN 34823 9744 29 . . . 34823 9745 1 Book book NN 34823 9745 2 - - HYPH 34823 9745 3 values value NNS 34823 9745 4 , , , 34823 9745 5 not not RB 34823 9745 6 marked mark VBN 34823 9745 7 down down RP 34823 9745 8 to to TO 34823 9745 9 correspond correspond VB 34823 9745 10 with with IN 34823 9745 11 changed change VBN 34823 9745 12 income income NN 34823 9745 13 - - HYPH 34823 9745 14 prospects prospect NNS 34823 9745 15 , , , 34823 9745 16 even even RB 34823 9745 17 when when WRB 34823 9745 18 they -PRON- PRP 34823 9745 19 can can MD 34823 9745 20 not not RB 34823 9745 21 command command VB 34823 9745 22 purchasers purchaser NNS 34823 9745 23 , , , 34823 9745 24 may may MD 34823 9745 25 still still RB 34823 9745 26 serve serve VB 34823 9745 27 as as IN 34823 9745 28 a a DT 34823 9745 29 basis basis NN 34823 9745 30 for for IN 34823 9745 31 _ _ NNP 34823 9745 32 loans_--Veblen loans_--Veblen NNP 34823 9745 33 's 's POS 34823 9745 34 theory theory NN 34823 9745 35 of of IN 34823 9745 36 crises crisis NNS 34823 9745 37 rests rest NNS 34823 9745 38 , , , 34823 9745 39 as as IN 34823 9745 40 we -PRON- PRP 34823 9745 41 shall shall MD 34823 9745 42 see see VB 34823 9745 43 , , , 34823 9745 44 in in IN 34823 9745 45 part part NN 34823 9745 46 on on IN 34823 9745 47 this this DT 34823 9745 48 fact fact NN 34823 9745 49 . . . 34823 9746 1 Considerations consideration NNS 34823 9746 2 of of IN 34823 9746 3 this this DT 34823 9746 4 sort sort NN 34823 9746 5 strengthen strengthen VBP 34823 9746 6 still still RB 34823 9746 7 further far RBR 34823 9746 8 the the DT 34823 9746 9 case case NN 34823 9746 10 against against IN 34823 9746 11 the the DT 34823 9746 12 marginal marginal JJ 34823 9746 13 utility utility NN 34823 9746 14 theory theory NN 34823 9746 15 of of IN 34823 9746 16 value value NN 34823 9746 17 . . . 34823 9747 1 To to TO 34823 9747 2 pass,--as pass,--as VB 34823 9747 3 Fetter Fetter NNP 34823 9747 4 and and CC 34823 9747 5 the the DT 34823 9747 6 Austrians Austrians NNPS 34823 9747 7 in in IN 34823 9747 8 general general JJ 34823 9747 9 seek seek NN 34823 9747 10 to to TO 34823 9747 11 do do VB 34823 9747 12 -- -- : 34823 9747 13 from from IN 34823 9747 14 marginal marginal JJ 34823 9747 15 individual individual JJ 34823 9747 16 consumption consumption NN 34823 9747 17 values value NNS 34823 9747 18 to to IN 34823 9747 19 market market NN 34823 9747 20 prices price NNS 34823 9747 21 of of IN 34823 9747 22 consumption consumption NN 34823 9747 23 goods good NNS 34823 9747 24 , , , 34823 9747 25 then then RB 34823 9747 26 to to IN 34823 9747 27 prices price NNS 34823 9747 28 of of IN 34823 9747 29 production production NN 34823 9747 30 goods good NNS 34823 9747 31 , , , 34823 9747 32 or or CC 34823 9747 33 to to IN 34823 9747 34 magnitudes magnitude NNS 34823 9747 35 of of IN 34823 9747 36 distributive distributive JJ 34823 9747 37 shares share NNS 34823 9747 38 , , , 34823 9747 39 then then RB 34823 9747 40 , , , 34823 9747 41 simply simply RB 34823 9747 42 , , , 34823 9747 43 by by IN 34823 9747 44 the the DT 34823 9747 45 capitalization capitalization NN 34823 9747 46 theory theory NN 34823 9747 47 , , , 34823 9747 48 to to IN 34823 9747 49 capital capital NN 34823 9747 50 values value NNS 34823 9747 51 , , , 34823 9747 52 with with IN 34823 9747 53 the the DT 34823 9747 54 notion notion NN 34823 9747 55 that that IN 34823 9747 56 the the DT 34823 9747 57 original original JJ 34823 9747 58 marginal marginal JJ 34823 9747 59 utilities utility NNS 34823 9747 60 supply supply VBP 34823 9747 61 the the DT 34823 9747 62 psychological psychological JJ 34823 9747 63 explanation explanation NN 34823 9747 64 at at IN 34823 9747 65 every every DT 34823 9747 66 stage stage NN 34823 9747 67 of of IN 34823 9747 68 the the DT 34823 9747 69 process process NN 34823 9747 70 , , , 34823 9747 71 the the DT 34823 9747 72 remoter remoter NN 34823 9747 73 values value NNS 34823 9747 74 being be VBG 34823 9747 75 merely merely RB 34823 9747 76 built build VBN 34823 9747 77 up up RP 34823 9747 78 of of IN 34823 9747 79 the the DT 34823 9747 80 original original JJ 34823 9747 81 marginal marginal JJ 34823 9747 82 utilities utility NNS 34823 9747 83 , , , 34823 9747 84 is be VBZ 34823 9747 85 quite quite RB 34823 9747 86 invalid invalid JJ 34823 9747 87 . . . 34823 9748 1 At at IN 34823 9748 2 every every DT 34823 9748 3 stage stage NN 34823 9748 4 there there EX 34823 9748 5 is be VBZ 34823 9748 6 a a DT 34823 9748 7 hitch hitch NN 34823 9748 8 : : : 34823 9748 9 the the DT 34823 9748 10 marginal marginal JJ 34823 9748 11 utilities utility NNS 34823 9748 12 do do VBP 34823 9748 13 not not RB 34823 9748 14 explain explain VB 34823 9748 15 the the DT 34823 9748 16 prices price NNS 34823 9748 17 or or CC 34823 9748 18 values value NNS 34823 9748 19 of of IN 34823 9748 20 the the DT 34823 9748 21 consumption consumption NN 34823 9748 22 goods good NNS 34823 9748 23 , , , 34823 9748 24 as as IN 34823 9748 25 has have VBZ 34823 9748 26 already already RB 34823 9748 27 been be VBN 34823 9748 28 elaborately elaborately RB 34823 9748 29 pointed point VBN 34823 9748 30 out out RP 34823 9748 31 ; ; : 34823 9748 32 and and CC 34823 9748 33 the the DT 34823 9748 34 relation relation NN 34823 9748 35 between between IN 34823 9748 36 the the DT 34823 9748 37 values value NNS 34823 9748 38 of of IN 34823 9748 39 consumption consumption NN 34823 9748 40 goods good NNS 34823 9748 41 and and CC 34823 9748 42 the the DT 34823 9748 43 capital capital NN 34823 9748 44 values value NNS 34823 9748 45 is be VBZ 34823 9748 46 very very RB 34823 9748 47 much much RB 34823 9748 48 looser loose JJR 34823 9748 49 and and CC 34823 9748 50 less less RBR 34823 9748 51 direct direct JJ 34823 9748 52 than than IN 34823 9748 53 the the DT 34823 9748 54 static static JJ 34823 9748 55 theory theory NN 34823 9748 56 requires require VBZ 34823 9748 57 . . . 34823 9749 1 Institutional institutional JJ 34823 9749 2 , , , 34823 9749 3 legal legal JJ 34823 9749 4 , , , 34823 9749 5 and and CC 34823 9749 6 moral moral JJ 34823 9749 7 forces force NNS 34823 9749 8 come come VBP 34823 9749 9 in in RB 34823 9749 10 , , , 34823 9749 11 not not RB 34823 9749 12 alone alone JJ 34823 9749 13 at at IN 34823 9749 14 the the DT 34823 9749 15 first first JJ 34823 9749 16 step step NN 34823 9749 17 , , , 34823 9749 18 in in IN 34823 9749 19 giving give VBG 34823 9749 20 social social JJ 34823 9749 21 weight weight NN 34823 9749 22 to to IN 34823 9749 23 the the DT 34823 9749 24 wants want NNS 34823 9749 25 of of IN 34823 9749 26 special special JJ 34823 9749 27 classes class NNS 34823 9749 28 and and CC 34823 9749 29 individuals individual NNS 34823 9749 30 , , , 34823 9749 31 but but CC 34823 9749 32 also also RB 34823 9749 33 at at IN 34823 9749 34 the the DT 34823 9749 35 second second JJ 34823 9749 36 , , , 34823 9749 37 giving give VBG 34823 9749 38 prestige prestige NN 34823 9749 39 to to IN 34823 9749 40 certain certain JJ 34823 9749 41 enterprises enterprise NNS 34823 9749 42 , , , 34823 9749 43 and and CC 34823 9749 44 so so RB 34823 9749 45 higher high JJR 34823 9749 46 values value NNS 34823 9749 47 to to IN 34823 9749 48 their -PRON- PRP$ 34823 9749 49 securities security NNS 34823 9749 50 , , , 34823 9749 51 giving give VBG 34823 9749 52 banking banking NN 34823 9749 53 support support NN 34823 9749 54 here here RB 34823 9749 55 and and CC 34823 9749 56 refusing refuse VBG 34823 9749 57 it -PRON- PRP 34823 9749 58 there there RB 34823 9749 59 , , , 34823 9749 60 giving give VBG 34823 9749 61 popular popular JJ 34823 9749 62 and and CC 34823 9749 63 patriotic patriotic JJ 34823 9749 64 support support NN 34823 9749 65 here here RB 34823 9749 66 , , , 34823 9749 67 and and CC 34823 9749 68 not not RB 34823 9749 69 there there RB 34823 9749 70 , , , 34823 9749 71 giving give VBG 34823 9749 72 direct direct JJ 34823 9749 73 action action NN 34823 9749 74 of of IN 34823 9749 75 law law NN 34823 9749 76 , , , 34823 9749 77 custom custom NN 34823 9749 78 and and CC 34823 9749 79 tradition tradition NN 34823 9749 80 on on IN 34823 9749 81 certain certain JJ 34823 9749 82 _ _ NNP 34823 9749 83 prices price NNS 34823 9749 84 _ _ NNP 34823 9749 85 ( ( -LRB- 34823 9749 86 whence whence NN 34823 9749 87 , , , 34823 9749 88 indirectly indirectly RB 34823 9749 89 on on IN 34823 9749 90 values value NNS 34823 9749 91 ) ) -RRB- 34823 9749 92 , , , 34823 9749 93 and and CC 34823 9749 94 leaving leave VBG 34823 9749 95 prices price NNS 34823 9749 96 free free JJ 34823 9749 97 to to TO 34823 9749 98 change change VB 34823 9749 99 readily readily RB 34823 9749 100 in in IN 34823 9749 101 other other JJ 34823 9749 102 cases case NNS 34823 9749 103 . . . 34823 9750 1 ( ( -LRB- 34823 9750 2 _ _ NNP 34823 9750 3 Cf Cf NNP 34823 9750 4 . . . 34823 9750 5 _ _ IN 34823 9750 6 my -PRON- PRP$ 34823 9750 7 discussion discussion NN 34823 9750 8 in in IN 34823 9750 9 _ _ NNP 34823 9750 10 Quart Quart NNP 34823 9750 11 . . . 34823 9751 1 Jour Jour NNP 34823 9751 2 , , , 34823 9751 3 of of IN 34823 9751 4 Economics Economics NNP 34823 9751 5 _ _ NNP 34823 9751 6 , , , 34823 9751 7 Aug. August NNP 34823 9751 8 1915 1915 CD 34823 9751 9 , , , 34823 9751 10 pp pp NNP 34823 9751 11 . . . 34823 9752 1 699 699 CD 34823 9752 2 - - SYM 34823 9752 3 701 701 CD 34823 9752 4 . . . 34823 9752 5 ) ) -RRB- 34823 9753 1 The the DT 34823 9753 2 static static JJ 34823 9753 3 theory theory NN 34823 9753 4 of of IN 34823 9753 5 capitalization capitalization NN 34823 9753 6 describes describe VBZ 34823 9753 7 an an DT 34823 9753 8 ideal ideal JJ 34823 9753 9 logical logical JJ 34823 9753 10 relation relation NN 34823 9753 11 , , , 34823 9753 12 while while IN 34823 9753 13 capital capital NN 34823 9753 14 values value NNS 34823 9753 15 are be VBP 34823 9753 16 , , , 34823 9753 17 in in IN 34823 9753 18 fact fact NN 34823 9753 19 , , , 34823 9753 20 built build VBN 34823 9753 21 up up RP 34823 9753 22 by by IN 34823 9753 23 a a DT 34823 9753 24 psychological psychological JJ 34823 9753 25 process process NN 34823 9753 26 which which WDT 34823 9753 27 is be VBZ 34823 9753 28 logical logical JJ 34823 9753 29 only only RB 34823 9753 30 in in IN 34823 9753 31 part part NN 34823 9753 32 . . . 34823 9754 1 In in IN 34823 9754 2 large large JJ 34823 9754 3 degree degree NN 34823 9754 4 , , , 34823 9754 5 especially especially RB 34823 9754 6 when when WRB 34823 9754 7 the the DT 34823 9754 8 market market NN 34823 9754 9 lacks lack VBZ 34823 9754 10 perfect perfect JJ 34823 9754 11 fluidity fluidity NN 34823 9754 12 , , , 34823 9754 13 capital capital NN 34823 9754 14 values value NNS 34823 9754 15 are be VBP 34823 9754 16 _ _ NNP 34823 9754 17 immediate immediate JJ 34823 9754 18 _ _ NNP 34823 9754 19 , , , 34823 9754 20 and and CC 34823 9754 21 not not RB 34823 9754 22 merely merely RB 34823 9754 23 _ _ NNP 34823 9754 24 derived derive VBD 34823 9754 25 _ _ NNP 34823 9754 26 , , , 34823 9754 27 values value NNS 34823 9754 28 . . . 34823 9755 1 In in IN 34823 9755 2 this this DT 34823 9755 3 , , , 34823 9755 4 I -PRON- PRP 34823 9755 5 think think VBP 34823 9755 6 , , , 34823 9755 7 I -PRON- PRP 34823 9755 8 am be VBP 34823 9755 9 in in IN 34823 9755 10 accord accord NN 34823 9755 11 with with IN 34823 9755 12 the the DT 34823 9755 13 view view NN 34823 9755 14 briefly briefly RB 34823 9755 15 stated state VBN 34823 9755 16 by by IN 34823 9755 17 A. a. NN 34823 9755 18 S. S. NNP 34823 9755 19 Johnson Johnson NNP 34823 9755 20 in in IN 34823 9755 21 his -PRON- PRP$ 34823 9755 22 recent recent JJ 34823 9755 23 review review NN 34823 9755 24 of of IN 34823 9755 25 Böhm Böhm NNP 34823 9755 26 - - HYPH 34823 9755 27 Bawerk Bawerk NNP 34823 9755 28 ( ( -LRB- 34823 9755 29 _ _ NNP 34823 9755 30 Am Am NNP 34823 9755 31 . . . 34823 9756 1 Econ Econ NNP 34823 9756 2 . . . 34823 9757 1 Rev. Rev. NNP 34823 9757 2 _ _ NNP 34823 9757 3 , , , 34823 9757 4 March March NNP 34823 9757 5 , , , 34823 9757 6 1914 1914 CD 34823 9757 7 , , , 34823 9757 8 pp pp NNP 34823 9757 9 . . . 34823 9758 1 115 115 CD 34823 9758 2 - - SYM 34823 9758 3 116 116 CD 34823 9758 4 ) ) -RRB- 34823 9758 5 . . . 34823 9759 1 [ [ -LRB- 34823 9759 2 586 586 CD 34823 9759 3 ] ] -RRB- 34823 9759 4 _ _ NNP 34823 9759 5 Loc Loc NNP 34823 9759 6 . . . 34823 9760 1 cit cit NNP 34823 9760 2 . . . 34823 9760 3 _ _ NNP 34823 9760 4 , , , 34823 9760 5 ch ch NN 34823 9760 6 . . . 34823 9761 1 IV IV NNP 34823 9761 2 . . . 34823 9762 1 _ _ NNP 34823 9762 2 Vide Vide NNP 34823 9762 3 _ _ NNP 34823 9762 4 Veblen Veblen NNP 34823 9762 5 's 's POS 34823 9762 6 discussion discussion NN 34823 9762 7 of of IN 34823 9762 8 Fisher Fisher NNP 34823 9762 9 in in IN 34823 9762 10 the the DT 34823 9762 11 _ _ NNP 34823 9762 12 Pol Pol NNP 34823 9762 13 . . . 34823 9763 1 Sci Sci NNP 34823 9763 2 . . . 34823 9764 1 Quart Quart NNP 34823 9764 2 . . . 34823 9764 3 _ _ NNP 34823 9764 4 of of IN 34823 9764 5 1908 1908 CD 34823 9764 6 , , , 34823 9764 7 and and CC 34823 9764 8 his -PRON- PRP$ 34823 9764 9 discussion discussion NN 34823 9764 10 of of IN 34823 9764 11 Clark Clark NNP 34823 9764 12 in in IN 34823 9764 13 the the DT 34823 9764 14 _ _ NNP 34823 9764 15 Quart Quart NNP 34823 9764 16 . . . 34823 9765 1 Jour Jour NNP 34823 9765 2 . . . 34823 9766 1 of of IN 34823 9766 2 Econ Econ NNP 34823 9766 3 . . . 34823 9766 4 _ _ NNP 34823 9766 5 , , , 34823 9766 6 Feb. February NNP 34823 9766 7 1908 1908 CD 34823 9766 8 . . . 34823 9767 1 [ [ -LRB- 34823 9767 2 587 587 CD 34823 9767 3 ] ] -RRB- 34823 9767 4 Chapter chapter NN 34823 9767 5 on on IN 34823 9767 6 " " `` 34823 9767 7 Volume Volume NNP 34823 9767 8 of of IN 34823 9767 9 Money money NN 34823 9767 10 and and CC 34823 9767 11 Volume Volume NNP 34823 9767 12 of of IN 34823 9767 13 Trade Trade NNP 34823 9767 14 . . . 34823 9767 15 " " '' 34823 9768 1 [ [ -LRB- 34823 9768 2 588 588 CD 34823 9768 3 ] ] -RRB- 34823 9768 4 On on IN 34823 9768 5 Oct. October NNP 34823 9768 6 9 9 CD 34823 9768 7 of of IN 34823 9768 8 1916 1916 CD 34823 9768 9 , , , 34823 9768 10 I -PRON- PRP 34823 9768 11 still still RB 34823 9768 12 venture venture VBP 34823 9768 13 the the DT 34823 9768 14 opinion opinion NN 34823 9768 15 that that IN 34823 9768 16 the the DT 34823 9768 17 stock stock NN 34823 9768 18 market market NN 34823 9768 19 has have VBZ 34823 9768 20 shown show VBN 34823 9768 21 wonderful wonderful JJ 34823 9768 22 conservatism conservatism NN 34823 9768 23 in in IN 34823 9768 24 the the DT 34823 9768 25 face face NN 34823 9768 26 of of IN 34823 9768 27 extraordinary extraordinary JJ 34823 9768 28 temptations temptation NNS 34823 9768 29 . . . 34823 9769 1 From from IN 34823 9769 2 Oct. October NNP 34823 9769 3 1915 1915 CD 34823 9769 4 , , , 34823 9769 5 to to IN 34823 9769 6 Aug. August NNP 34823 9769 7 1916 1916 CD 34823 9769 8 , , , 34823 9769 9 the the DT 34823 9769 10 " " `` 34823 9769 11 bears bear NNS 34823 9769 12 " " '' 34823 9769 13 dominated dominate VBD 34823 9769 14 the the DT 34823 9769 15 market market NN 34823 9769 16 , , , 34823 9769 17 and and CC 34823 9769 18 prices price NNS 34823 9769 19 fell fall VBD 34823 9769 20 pretty pretty RB 34823 9769 21 steadily steadily RB 34823 9769 22 . . . 34823 9770 1 The the DT 34823 9770 2 " " `` 34823 9770 3 bull bull NN 34823 9770 4 " " '' 34823 9770 5 movement movement NN 34823 9770 6 of of IN 34823 9770 7 Sept. September NNP 34823 9770 8 1916 1916 CD 34823 9770 9 , , , 34823 9770 10 seems seem VBZ 34823 9770 11 to to TO 34823 9770 12 have have VB 34823 9770 13 reached reach VBN 34823 9770 14 its -PRON- PRP$ 34823 9770 15 crest crest NN 34823 9770 16 without without IN 34823 9770 17 passing pass VBG 34823 9770 18 the the DT 34823 9770 19 level level NN 34823 9770 20 of of IN 34823 9770 21 a a DT 34823 9770 22 year year NN 34823 9770 23 ago ago RB 34823 9770 24 . . . 34823 9771 1 The the DT 34823 9771 2 market market NN 34823 9771 3 may may MD 34823 9771 4 " " `` 34823 9771 5 run run VB 34823 9771 6 away away RB 34823 9771 7 , , , 34823 9771 8 " " `` 34823 9771 9 but but CC 34823 9771 10 it -PRON- PRP 34823 9771 11 has have VBZ 34823 9771 12 not not RB 34823 9771 13 yet yet RB 34823 9771 14 done do VBN 34823 9771 15 so so RB 34823 9771 16 . . . 34823 9772 1 [ [ -LRB- 34823 9772 2 589 589 CD 34823 9772 3 ] ] -RRB- 34823 9772 4 _ _ NNP 34823 9772 5 Psychologie Psychologie NNP 34823 9772 6 Économique Économique NNP 34823 9772 7 _ _ NNP 34823 9772 8 , , , 34823 9772 9 vol vol NNP 34823 9772 10 . . . 34823 9773 1 I -PRON- PRP 34823 9773 2 , , , 34823 9773 3 pp pp NNP 34823 9773 4 . . . 34823 9774 1 77 77 CD 34823 9774 2 - - SYM 34823 9774 3 78 78 CD 34823 9774 4 . . . 34823 9775 1 [ [ -LRB- 34823 9775 2 590 590 CD 34823 9775 3 ] ] -RRB- 34823 9775 4 Nor nor CC 34823 9775 5 do do VBP 34823 9775 6 I -PRON- PRP 34823 9775 7 see see VB 34823 9775 8 any any DT 34823 9775 9 method method NN 34823 9775 10 for for IN 34823 9775 11 bringing bring VBG 34823 9775 12 into into IN 34823 9775 13 our -PRON- PRP$ 34823 9775 14 equilibrium equilibrium NN 34823 9775 15 picture picture NN 34823 9775 16 the the DT 34823 9775 17 control control NN 34823 9775 18 which which WDT 34823 9775 19 the the DT 34823 9775 20 environment environment NN 34823 9775 21 retains retain VBZ 34823 9775 22 over over IN 34823 9775 23 values value NNS 34823 9775 24 by by IN 34823 9775 25 its -PRON- PRP$ 34823 9775 26 power power NN 34823 9775 27 to to IN 34823 9775 28 _ _ NNP 34823 9775 29 eliminate eliminate NN 34823 9775 30 _ _ IN 34823 9775 31 those those DT 34823 9775 32 groups group NNS 34823 9775 33 whose whose WP$ 34823 9775 34 choices choice NNS 34823 9775 35 vary vary VBP 34823 9775 36 too too RB 34823 9775 37 widely widely RB 34823 9775 38 from from IN 34823 9775 39 the the DT 34823 9775 40 norms norm NNS 34823 9775 41 of of IN 34823 9775 42 " " `` 34823 9775 43 survival survival NN 34823 9775 44 - - HYPH 34823 9775 45 necessities necessity NNS 34823 9775 46 . . . 34823 9775 47 " " '' 34823 9776 1 Vide Vide NNP 34823 9776 2 Giddings Giddings NNP 34823 9776 3 , , , 34823 9776 4 _ _ NNP 34823 9776 5 Principles Principles NNPS 34823 9776 6 of of IN 34823 9776 7 Sociology Sociology NNP 34823 9776 8 _ _ NNP 34823 9776 9 , , , 34823 9776 10 ed ed NNP 34823 9776 11 . . . 34823 9777 1 1905 1905 CD 34823 9777 2 , , , 34823 9777 3 p. p. NN 34823 9777 4 20 20 CD 34823 9777 5 ; ; : 34823 9777 6 Carver Carver NNP 34823 9777 7 , , , 34823 9777 8 _ _ NNP 34823 9777 9 Essays Essays NNPS 34823 9777 10 in in IN 34823 9777 11 Social Social NNP 34823 9777 12 Justice Justice NNP 34823 9777 13 _ _ NNP 34823 9777 14 , , , 34823 9777 15 _ _ NNP 34823 9777 16 passim passim NN 34823 9777 17 _ _ NNP 34823 9777 18 . . . 34823 9778 1 I -PRON- PRP 34823 9778 2 think think VBP 34823 9778 3 that that IN 34823 9778 4 the the DT 34823 9778 5 range range NN 34823 9778 6 of of IN 34823 9778 7 choices choice NNS 34823 9778 8 compatible compatible JJ 34823 9778 9 with with IN 34823 9778 10 survival survival NN 34823 9778 11 is be VBZ 34823 9778 12 very very RB 34823 9778 13 wide wide JJ 34823 9778 14 . . . 34823 9779 1 Moreover moreover RB 34823 9779 2 , , , 34823 9779 3 " " `` 34823 9779 4 adaptation adaptation NN 34823 9779 5 " " '' 34823 9779 6 is be VBZ 34823 9779 7 not not RB 34823 9779 8 a a DT 34823 9779 9 simple simple JJ 34823 9779 10 matter matter NN 34823 9779 11 of of IN 34823 9779 12 adjustment adjustment NN 34823 9779 13 to to IN 34823 9779 14 the the DT 34823 9779 15 physiographic physiographic JJ 34823 9779 16 environment environment NN 34823 9779 17 . . . 34823 9780 1 It -PRON- PRP 34823 9780 2 includes include VBZ 34823 9780 3 adjustment adjustment NN 34823 9780 4 to to IN 34823 9780 5 the the DT 34823 9780 6 _ _ NNP 34823 9780 7 social social JJ 34823 9780 8 values value NNS 34823 9780 9 _ _ NNP 34823 9780 10 , , , 34823 9780 11 both both DT 34823 9780 12 of of IN 34823 9780 13 the the DT 34823 9780 14 group group NN 34823 9780 15 in in IN 34823 9780 16 question question NN 34823 9780 17 and and CC 34823 9780 18 of of IN 34823 9780 19 other other JJ 34823 9780 20 groups group NNS 34823 9780 21 . . . 34823 9781 1 [ [ -LRB- 34823 9781 2 591 591 CD 34823 9781 3 ] ] -RRB- 34823 9781 4 _ _ NNP 34823 9781 5 Cf Cf NNP 34823 9781 6 . . . 34823 9781 7 _ _ NNP 34823 9781 8 H. H. NNP 34823 9781 9 C. C. NNP 34823 9781 10 Emery Emery NNP 34823 9781 11 's 's POS 34823 9781 12 discussion discussion NN 34823 9781 13 of of IN 34823 9781 14 " " `` 34823 9781 15 manipulation manipulation NN 34823 9781 16 " " '' 34823 9781 17 in in IN 34823 9781 18 his -PRON- PRP$ 34823 9781 19 _ _ NNP 34823 9781 20 Speculation Speculation NNP 34823 9781 21 in in IN 34823 9781 22 the the DT 34823 9781 23 Stock Stock NNP 34823 9781 24 and and CC 34823 9781 25 Produce Produce NNP 34823 9781 26 Exchanges Exchanges NNPS 34823 9781 27 _ _ NNP 34823 9781 28 , , , 34823 9781 29 pp pp NNP 34823 9781 30 . . . 34823 9782 1 171ff 171ff NNP 34823 9782 2 . . . 34823 9783 1 [ [ -LRB- 34823 9783 2 592 592 CD 34823 9783 3 ] ] -RRB- 34823 9783 4 _ _ NNP 34823 9783 5 Cf Cf NNP 34823 9783 6 . . . 34823 9783 7 _ _ NNP 34823 9783 8 Dewey Dewey NNP 34823 9783 9 , , , 34823 9783 10 _ _ NNP 34823 9783 11 Essays Essays NNP 34823 9783 12 in in IN 34823 9783 13 Logical Logical NNP 34823 9783 14 Theory Theory NNP 34823 9783 15 _ _ NNP 34823 9783 16 ; ; : 34823 9783 17 Bergson Bergson NNP 34823 9783 18 , , , 34823 9783 19 _ _ NNP 34823 9783 20 Time Time NNP 34823 9783 21 and and CC 34823 9783 22 Free Free NNP 34823 9783 23 Will Will NNP 34823 9783 24 _ _ NNP 34823 9783 25 , , , 34823 9783 26 _ _ NNP 34823 9783 27 passim passim NN 34823 9783 28 _ _ NNP 34823 9783 29 , , , 34823 9783 30 and and CC 34823 9783 31 _ _ NNP 34823 9783 32 Creative Creative NNP 34823 9783 33 Evolution Evolution NNP 34823 9783 34 _ _ NNP 34823 9783 35 ; ; : 34823 9783 36 James James NNP 34823 9783 37 , , , 34823 9783 38 _ _ NNP 34823 9783 39 Problems Problems NNPS 34823 9783 40 of of IN 34823 9783 41 Philosophy Philosophy NNP 34823 9783 42 _ _ NNP 34823 9783 43 . . . 34823 9784 1 [ [ -LRB- 34823 9784 2 593 593 CD 34823 9784 3 ] ] -RRB- 34823 9784 4 _ _ NNP 34823 9784 5 Cf Cf NNP 34823 9784 6 . . . 34823 9784 7 _ _ NNP 34823 9784 8 Bagehot Bagehot NNP 34823 9784 9 's 's POS 34823 9784 10 discussion discussion NN 34823 9784 11 in in IN 34823 9784 12 _ _ NNP 34823 9784 13 Lombard Lombard NNP 34823 9784 14 Street Street NNP 34823 9784 15 _ _ NNP 34823 9784 16 of of IN 34823 9784 17 the the DT 34823 9784 18 features feature NNS 34823 9784 19 of of IN 34823 9784 20 English english JJ 34823 9784 21 organization organization NN 34823 9784 22 which which WDT 34823 9784 23 prevented prevent VBD 34823 9784 24 supremacy supremacy NN 34823 9784 25 in in IN 34823 9784 26 the the DT 34823 9784 27 Eastern eastern JJ 34823 9784 28 trade trade NN 34823 9784 29 from from IN 34823 9784 30 passing pass VBG 34823 9784 31 to to IN 34823 9784 32 Greece Greece NNP 34823 9784 33 and and CC 34823 9784 34 Italy Italy NNP 34823 9784 35 with with IN 34823 9784 36 the the DT 34823 9784 37 opening opening NN 34823 9784 38 of of IN 34823 9784 39 the the DT 34823 9784 40 Suez Suez NNP 34823 9784 41 Canal Canal NNP 34823 9784 42 . . . 34823 9785 1 ( ( -LRB- 34823 9785 2 Introductory introductory JJ 34823 9785 3 chapter chapter NN 34823 9785 4 . . . 34823 9785 5 ) ) -RRB- 34823 9786 1 See see VB 34823 9786 2 also also RB 34823 9786 3 the the DT 34823 9786 4 discussion discussion NN 34823 9786 5 of of IN 34823 9786 6 the the DT 34823 9786 7 English english JJ 34823 9786 8 money money NN 34823 9786 9 market market NN 34823 9786 10 in in IN 34823 9786 11 ch ch NNP 34823 9786 12 . . . 34823 9787 1 XXIV XXIV NNP 34823 9787 2 , , , 34823 9787 3 _ _ NNP 34823 9787 4 supra supra NNP 34823 9787 5 _ _ NNP 34823 9787 6 . . . 34823 9788 1 [ [ -LRB- 34823 9788 2 594 594 CD 34823 9788 3 ] ] -RRB- 34823 9788 4 _ _ NNP 34823 9788 5 Cf Cf NNP 34823 9788 6 . . . 34823 9788 7 _ _ IN 34823 9788 8 my -PRON- PRP$ 34823 9788 9 article article NN 34823 9788 10 on on IN 34823 9788 11 " " `` 34823 9788 12 Schumpeter Schumpeter NNP 34823 9788 13 's 's POS 34823 9788 14 Dynamic Dynamic NNP 34823 9788 15 Economics Economics NNP 34823 9788 16 " " '' 34823 9788 17 in in IN 34823 9788 18 _ _ NNP 34823 9788 19 Political Political NNP 34823 9788 20 Science Science NNP 34823 9788 21 Quarterly Quarterly NNP 34823 9788 22 _ _ NNP 34823 9788 23 , , , 34823 9788 24 Dec. December NNP 34823 9788 25 1915 1915 CD 34823 9788 26 , , , 34823 9788 27 and and CC 34823 9788 28 ch ch NN 34823 9788 29 . . . 34823 9789 1 XXIII XXIII NNP 34823 9789 2 , , , 34823 9789 3 _ _ NNP 34823 9789 4 supra supra NNP 34823 9789 5 _ _ NNP 34823 9789 6 . . . 34823 9790 1 [ [ -LRB- 34823 9790 2 595 595 CD 34823 9790 3 ] ] -RRB- 34823 9790 4 In in IN 34823 9790 5 my -PRON- PRP$ 34823 9790 6 article article NN 34823 9790 7 on on IN 34823 9790 8 Schumpeter Schumpeter NNP 34823 9790 9 's 's POS 34823 9790 10 theory theory NN 34823 9790 11 above above IN 34823 9790 12 mentioned mention VBN 34823 9790 13 , , , 34823 9790 14 I -PRON- PRP 34823 9790 15 have have VBP 34823 9790 16 pointed point VBN 34823 9790 17 out out RP 34823 9790 18 that that IN 34823 9790 19 his -PRON- PRP$ 34823 9790 20 contrast contrast NN 34823 9790 21 between between IN 34823 9790 22 statics static NNS 34823 9790 23 and and CC 34823 9790 24 dynamics dynamic NNS 34823 9790 25 is be VBZ 34823 9790 26 not not RB 34823 9790 27 by by IN 34823 9790 28 any any DT 34823 9790 29 means mean NNS 34823 9790 30 a a DT 34823 9790 31 fixed fix VBN 34823 9790 32 one one NN 34823 9790 33 , , , 34823 9790 34 and and CC 34823 9790 35 that that IN 34823 9790 36 in in IN 34823 9790 37 particular particular JJ 34823 9790 38 he -PRON- PRP 34823 9790 39 shifts shift VBZ 34823 9790 40 back back RB 34823 9790 41 and and CC 34823 9790 42 forth forth RB 34823 9790 43 between between IN 34823 9790 44 a a DT 34823 9790 45 hypothetical hypothetical JJ 34823 9790 46 static static JJ 34823 9790 47 state state NN 34823 9790 48 , , , 34823 9790 49 primarily primarily RB 34823 9790 50 a a DT 34823 9790 51 methodological methodological JJ 34823 9790 52 device device NN 34823 9790 53 , , , 34823 9790 54 which which WDT 34823 9790 55 assumes assume VBZ 34823 9790 56 perfect perfect JJ 34823 9790 57 fluidity fluidity NN 34823 9790 58 and and CC 34823 9790 59 mobility mobility NN 34823 9790 60 of of IN 34823 9790 61 the the DT 34823 9790 62 objects object NNS 34823 9790 63 of of IN 34823 9790 64 exchange exchange NN 34823 9790 65 , , , 34823 9790 66 on on IN 34823 9790 67 the the DT 34823 9790 68 one one CD 34823 9790 69 hand hand NN 34823 9790 70 , , , 34823 9790 71 and and CC 34823 9790 72 a a DT 34823 9790 73 realistic realistic JJ 34823 9790 74 static static JJ 34823 9790 75 state state NN 34823 9790 76 , , , 34823 9790 77 immobile immobile NNP 34823 9790 78 , , , 34823 9790 79 held hold VBN 34823 9790 80 in in IN 34823 9790 81 the the DT 34823 9790 82 bonds bond NNS 34823 9790 83 of of IN 34823 9790 84 custom custom NN 34823 9790 85 and and CC 34823 9790 86 tradition tradition NN 34823 9790 87 , , , 34823 9790 88 illustrated illustrate VBN 34823 9790 89 by by IN 34823 9790 90 India India NNP 34823 9790 91 and and CC 34823 9790 92 China China NNP 34823 9790 93 , , , 34823 9790 94 on on IN 34823 9790 95 the the DT 34823 9790 96 other other JJ 34823 9790 97 hand hand NN 34823 9790 98 . . . 34823 9791 1 The the DT 34823 9791 2 version version NN 34823 9791 3 of of IN 34823 9791 4 the the DT 34823 9791 5 distinction distinction NN 34823 9791 6 between between IN 34823 9791 7 statics static NNS 34823 9791 8 and and CC 34823 9791 9 dynamics dynamic NNS 34823 9791 10 here here RB 34823 9791 11 discussed discuss VBN 34823 9791 12 is be VBZ 34823 9791 13 only only RB 34823 9791 14 one one CD 34823 9791 15 of of IN 34823 9791 16 several several JJ 34823 9791 17 which which WDT 34823 9791 18 he -PRON- PRP 34823 9791 19 gives give VBZ 34823 9791 20 . . . 34823 9792 1 It -PRON- PRP 34823 9792 2 is be VBZ 34823 9792 3 , , , 34823 9792 4 however however RB 34823 9792 5 , , , 34823 9792 6 the the DT 34823 9792 7 one one NN 34823 9792 8 which which WDT 34823 9792 9 at at IN 34823 9792 10 present present NN 34823 9792 11 I -PRON- PRP 34823 9792 12 wish wish VBP 34823 9792 13 to to TO 34823 9792 14 contrast contrast VB 34823 9792 15 with with IN 34823 9792 16 my -PRON- PRP$ 34823 9792 17 own own JJ 34823 9792 18 view view NN 34823 9792 19 . . . 34823 9793 1 With with IN 34823 9793 2 many many JJ 34823 9793 3 of of IN 34823 9793 4 Schumpeter Schumpeter NNP 34823 9793 5 's 's POS 34823 9793 6 doctrines doctrine NNS 34823 9793 7 I -PRON- PRP 34823 9793 8 am be VBP 34823 9793 9 in in IN 34823 9793 10 hearty hearty NNP 34823 9793 11 accord accord NN 34823 9793 12 , , , 34823 9793 13 and and CC 34823 9793 14 I -PRON- PRP 34823 9793 15 have have VBP 34823 9793 16 learned learn VBN 34823 9793 17 much much RB 34823 9793 18 from from IN 34823 9793 19 his -PRON- PRP$ 34823 9793 20 book book NN 34823 9793 21 . . . 34823 9794 1 I -PRON- PRP 34823 9794 2 think think VBP 34823 9794 3 that that IN 34823 9794 4 his -PRON- PRP$ 34823 9794 5 book book NN 34823 9794 6 affords afford VBZ 34823 9794 7 abundant abundant JJ 34823 9794 8 evidence evidence NN 34823 9794 9 of of IN 34823 9794 10 the the DT 34823 9794 11 usefulness usefulness NN 34823 9794 12 of of IN 34823 9794 13 the the DT 34823 9794 14 static static JJ 34823 9794 15 - - HYPH 34823 9794 16 dynamic dynamic JJ 34823 9794 17 contrast contrast NN 34823 9794 18 . . . 34823 9795 1 [ [ -LRB- 34823 9795 2 596 596 CD 34823 9795 3 ] ] -RRB- 34823 9795 4 Schumpeter Schumpeter NNP 34823 9795 5 's 's POS 34823 9795 6 contrast contrast NN 34823 9795 7 between between IN 34823 9795 8 statics static NNS 34823 9795 9 and and CC 34823 9795 10 dynamics dynamic NNS 34823 9795 11 is be VBZ 34823 9795 12 in in IN 34823 9795 13 most most JJS 34823 9795 14 essentials essential NNS 34823 9795 15 closely closely RB 34823 9795 16 parallel parallel JJ 34823 9795 17 to to IN 34823 9795 18 Veblen Veblen NNP 34823 9795 19 's 's POS 34823 9795 20 contrast contrast NN 34823 9795 21 between between IN 34823 9795 22 the the DT 34823 9795 23 theory theory NN 34823 9795 24 of of IN 34823 9795 25 wealth wealth NN 34823 9795 26 and and CC 34823 9795 27 the the DT 34823 9795 28 theory theory NN 34823 9795 29 of of IN 34823 9795 30 prosperity prosperity NN 34823 9795 31 , , , 34823 9795 32 and and CC 34823 9795 33 his -PRON- PRP$ 34823 9795 34 main main JJ 34823 9795 35 conclusions conclusion NNS 34823 9795 36 resemble resemble VBP 34823 9795 37 Veblen Veblen NNP 34823 9795 38 's 's POS 34823 9795 39 , , , 34823 9795 40 despite despite IN 34823 9795 41 Schumpeter Schumpeter NNP 34823 9795 42 's 's POS 34823 9795 43 optimism optimism NN 34823 9795 44 and and CC 34823 9795 45 Veblen Veblen NNP 34823 9795 46 's 's POS 34823 9795 47 pessimism pessimism NN 34823 9795 48 , , , 34823 9795 49 and and CC 34823 9795 50 despite despite IN 34823 9795 51 temperamental temperamental JJ 34823 9795 52 and and CC 34823 9795 53 methodological methodological JJ 34823 9795 54 differences difference NNS 34823 9795 55 . . . 34823 9796 1 Most Most JJS 34823 9796 2 of of IN 34823 9796 3 my -PRON- PRP$ 34823 9796 4 criticisms criticism NNS 34823 9796 5 of of IN 34823 9796 6 Veblen Veblen NNP 34823 9796 7 apply apply VBP 34823 9796 8 also also RB 34823 9796 9 to to IN 34823 9796 10 Schumpeter Schumpeter NNP 34823 9796 11 . . . 34823 9797 1 [ [ -LRB- 34823 9797 2 597 597 CD 34823 9797 3 ] ] -RRB- 34823 9797 4 _ _ NNP 34823 9797 5 Cf Cf NNP 34823 9797 6 . . . 34823 9797 7 _ _ NNP 34823 9797 8 our -PRON- PRP$ 34823 9797 9 discussion discussion NN 34823 9797 10 , , , 34823 9797 11 _ _ NNP 34823 9797 12 supra supra NNP 34823 9797 13 _ _ NNP 34823 9797 14 , , , 34823 9797 15 of of IN 34823 9797 16 the the DT 34823 9797 17 relation relation NN 34823 9797 18 of of IN 34823 9797 19 credit credit NN 34823 9797 20 to to IN 34823 9797 21 futurity futurity NN 34823 9797 22 . . . 34823 9798 1 * * NFP 34823 9798 2 * * NFP 34823 9798 3 * * NFP 34823 9798 4 * * NFP 34823 9798 5 * * NFP 34823 9798 6 TRANSCRIBER TRANSCRIBER NNP 34823 9798 7 'S 'S NNP 34823 9798 8 NOTES note NNS 34823 9798 9 1 1 CD 34823 9798 10 . . . 34823 9799 1 Passages passage NNS 34823 9799 2 in in IN 34823 9799 3 italics italic NNS 34823 9799 4 are be VBP 34823 9799 5 surrounded surround VBN 34823 9799 6 by by IN 34823 9799 7 _ _ NNP 34823 9799 8 underscores underscore VBZ 34823 9799 9 _ _ NNP 34823 9799 10 . . . 34823 9800 1 2 2 LS 34823 9800 2 . . . 34823 9801 1 Footnotes footnote NNS 34823 9801 2 have have VBP 34823 9801 3 been be VBN 34823 9801 4 moved move VBN 34823 9801 5 from from IN 34823 9801 6 the the DT 34823 9801 7 middle middle NN 34823 9801 8 of of IN 34823 9801 9 a a DT 34823 9801 10 paragraph paragraph NN 34823 9801 11 to to IN 34823 9801 12 the the DT 34823 9801 13 end end NN 34823 9801 14 of of IN 34823 9801 15 the the DT 34823 9801 16 e e NN 34823 9801 17 - - NN 34823 9801 18 text text NN 34823 9801 19 . . . 34823 9802 1 3 3 LS 34823 9802 2 . . . 34823 9803 1 The the DT 34823 9803 2 original original JJ 34823 9803 3 text text NN 34823 9803 4 includes include VBZ 34823 9803 5 Greek Greek NNP 34823 9803 6 sigma sigma JJ 34823 9803 7 character character NN 34823 9803 8 . . . 34823 9804 1 For for IN 34823 9804 2 this this DT 34823 9804 3 e e NN 34823 9804 4 - - NN 34823 9804 5 text text NN 34823 9804 6 version version NN 34823 9804 7 it -PRON- PRP 34823 9804 8 has have VBZ 34823 9804 9 been be VBN 34823 9804 10 replaced replace VBN 34823 9804 11 with with IN 34823 9804 12 its -PRON- PRP$ 34823 9804 13 transliteration transliteration NN 34823 9804 14 [ [ -LRB- 34823 9804 15 Greek Greek NNP 34823 9804 16 : : : 34823 9804 17 S S NNP 34823 9804 18 ] ] -RRB- 34823 9804 19 . . . 34823 9805 1 4 4 LS 34823 9805 2 . . . 34823 9806 1 Fractions fraction NNS 34823 9806 2 are be VBP 34823 9806 3 indicated indicate VBN 34823 9806 4 as as IN 34823 9806 5 in in IN 34823 9806 6 the the DT 34823 9806 7 example example NN 34823 9806 8 below below IN 34823 9806 9 : : : 34823 9806 10 6 6 CD 34823 9806 11 - - HYPH 34823 9806 12 1/4 1/4 CD 34823 9806 13 indicates indicate VBZ 34823 9806 14 whole whole JJ 34823 9806 15 number number NN 34823 9806 16 6 6 CD 34823 9806 17 with with IN 34823 9806 18 fractional fractional JJ 34823 9806 19 part part NN 34823 9806 20 of of IN 34823 9806 21 one one CD 34823 9806 22 - - HYPH 34823 9806 23 fourth fourth NN 34823 9806 24 . . . 34823 9807 1 5 5 CD 34823 9807 2 . . . 34823 9808 1 The the DT 34823 9808 2 following follow VBG 34823 9808 3 misprints misprint NNS 34823 9808 4 have have VBP 34823 9808 5 been be VBN 34823 9808 6 corrected correct VBN 34823 9808 7 : : : 34823 9808 8 " " `` 34823 9808 9 thing thing NN 34823 9808 10 " " '' 34823 9808 11 corrected correct VBN 34823 9808 12 to to TO 34823 9808 13 " " `` 34823 9808 14 think think VB 34823 9808 15 " " '' 34823 9808 16 ( ( -LRB- 34823 9808 17 page page NN 34823 9808 18 124 124 CD 34823 9808 19 ) ) -RRB- 34823 9808 20 " " `` 34823 9808 21 theorrists theorrist NNS 34823 9808 22 " " '' 34823 9808 23 corrected correct VBN 34823 9808 24 to to IN 34823 9808 25 " " `` 34823 9808 26 theorists theorist NNS 34823 9808 27 " " '' 34823 9808 28 ( ( -LRB- 34823 9808 29 page page NN 34823 9808 30 155 155 CD 34823 9808 31 ) ) -RRB- 34823 9808 32 " " `` 34823 9808 33 $ $ $ 34823 9808 34 75,00,000.00 75,00,000.00 CD 34823 9808 35 " " '' 34823 9808 36 corrected correct VBN 34823 9808 37 to to IN 34823 9808 38 " " `` 34823 9808 39 $ $ $ 34823 9808 40 75,000,000.00 75,000,000.00 CD 34823 9808 41 " " '' 34823 9808 42 ( ( -LRB- 34823 9808 43 page page NN 34823 9808 44 208 208 CD 34823 9808 45 ) ) -RRB- 34823 9808 46 " " `` 34823 9808 47 theory theory NN 34823 9808 48 theory theory NN 34823 9808 49 " " '' 34823 9808 50 corrected correct VBN 34823 9808 51 to to IN 34823 9808 52 " " `` 34823 9808 53 theory theory NN 34823 9808 54 " " '' 34823 9808 55 ( ( -LRB- 34823 9808 56 page page NN 34823 9808 57 330 330 CD 34823 9808 58 ) ) -RRB- 34823 9808 59 " " `` 34823 9808 60 practive practive JJ 34823 9808 61 " " '' 34823 9808 62 corrected correct VBN 34823 9808 63 to to TO 34823 9808 64 " " `` 34823 9808 65 practice practice VB 34823 9808 66 " " '' 34823 9808 67 ( ( -LRB- 34823 9808 68 page page NN 34823 9808 69 428 428 CD 34823 9808 70 ) ) -RRB- 34823 9808 71 " " '' 34823 9808 72 this this DT 34823 9808 73 held hold VBN 34823 9808 74 " " `` 34823 9808 75 corrected correct VBN 34823 9808 76 to to IN 34823 9808 77 " " `` 34823 9808 78 thus thus RB 34823 9808 79 held hold VBN 34823 9808 80 " " '' 34823 9808 81 ( ( -LRB- 34823 9808 82 page page NN 34823 9808 83 442 442 CD 34823 9808 84 ) ) -RRB- 34823 9808 85 " " '' 34823 9808 86 in in IN 34823 9808 87 in in IN 34823 9808 88 " " `` 34823 9808 89 corrected correct VBN 34823 9808 90 to to IN 34823 9808 91 " " `` 34823 9808 92 in in IN 34823 9808 93 " " '' 34823 9808 94 ( ( -LRB- 34823 9808 95 page page NN 34823 9808 96 476 476 CD 34823 9808 97 ) ) -RRB- 34823 9808 98 " " `` 34823 9808 99 clasess clasess NN 34823 9808 100 " " '' 34823 9808 101 corrected correct VBN 34823 9808 102 to to IN 34823 9808 103 " " `` 34823 9808 104 classes class NNS 34823 9808 105 " " '' 34823 9808 106 ( ( -LRB- 34823 9808 107 page page NN 34823 9808 108 509 509 CD 34823 9808 109 ) ) -RRB- 34823 9808 110 " " `` 34823 9808 111 legarthic legarthic JJ 34823 9808 112 " " '' 34823 9808 113 corrected correct VBN 34823 9808 114 to to IN 34823 9808 115 " " `` 34823 9808 116 lethargic lethargic NNP 34823 9808 117 " " '' 34823 9808 118 ( ( -LRB- 34823 9808 119 page page NN 34823 9808 120 573 573 CD 34823 9808 121 ) ) -RRB- 34823 9808 122 " " `` 34823 9808 123 enchancement enchancement NN 34823 9808 124 " " '' 34823 9808 125 corrected correct VBN 34823 9808 126 to to IN 34823 9808 127 " " `` 34823 9808 128 enhancement enhancement VB 34823 9808 129 " " '' 34823 9808 130 ( ( -LRB- 34823 9808 131 page page NN 34823 9808 132 591 591 CD 34823 9808 133 ) ) -RRB- 34823 9808 134 " " `` 34823 9808 135 74 74 CD 34823 9808 136 - - HYPH 34823 9808 137 71 71 CD 34823 9808 138 " " `` 34823 9808 139 corrected correct VBN 34823 9808 140 to to IN 34823 9808 141 " " `` 34823 9808 142 64 64 CD 34823 9808 143 - - SYM 34823 9808 144 71 71 CD 34823 9808 145 " " '' 34823 9808 146 ( ( -LRB- 34823 9808 147 ftn ftn NN 34823 9808 148 . . . 34823 9809 1 55 55 CD 34823 9809 2 ) ) -RRB- 34823 9809 3 " " `` 34823 9809 4 equilibbrium equilibbrium NN 34823 9809 5 " " '' 34823 9809 6 corrected correct VBN 34823 9809 7 to to IN 34823 9809 8 " " `` 34823 9809 9 equilibrium equilibrium NN 34823 9809 10 " " '' 34823 9809 11 ( ( -LRB- 34823 9809 12 ftn ftn NN 34823 9809 13 . . . 34823 9810 1 86 86 CD 34823 9810 2 ) ) -RRB- 34823 9810 3 " " `` 34823 9810 4 Instrnmeuts instrnmeut NNS 34823 9810 5 " " '' 34823 9810 6 corrected correct VBN 34823 9810 7 to to IN 34823 9810 8 " " `` 34823 9810 9 Instruments Instruments NNPS 34823 9810 10 " " '' 34823 9810 11 ( ( -LRB- 34823 9810 12 ftn ftn NN 34823 9810 13 . . . 34823 9811 1 163 163 LS 34823 9811 2 ) ) -RRB- 34823 9811 3 " " `` 34823 9811 4 reguularly reguularly RB 34823 9811 5 " " '' 34823 9811 6 corrected correct VBN 34823 9811 7 to to TO 34823 9811 8 " " `` 34823 9811 9 regularly regularly RB 34823 9811 10 " " '' 34823 9811 11 ( ( -LRB- 34823 9811 12 ftn ftn NN 34823 9811 13 . . . 34823 9812 1 545 545 LS 34823 9812 2 ) ) -RRB- 34823 9812 3 Missing miss VBG 34823 9812 4 text text NN 34823 9812 5 added add VBN 34823 9812 6 in in IN 34823 9812 7 footnotes footnote NNS 34823 9812 8 412 412 CD 34823 9812 9 , , , 34823 9812 10 468 468 CD 34823 9812 11 , , , 34823 9812 12 595 595 CD 34823 9812 13 . . . 34823 9813 1 6 6 CD 34823 9813 2 . . . 34823 9814 1 Some some DT 34823 9814 2 of of IN 34823 9814 3 the the DT 34823 9814 4 page page NN 34823 9814 5 references reference NNS 34823 9814 6 in in IN 34823 9814 7 the the DT 34823 9814 8 index index NN 34823 9814 9 have have VBP 34823 9814 10 been be VBN 34823 9814 11 corrected correct VBN 34823 9814 12 . . . 34823 9815 1 7 7 LS 34823 9815 2 . . . 34823 9816 1 Other other JJ 34823 9816 2 than than IN 34823 9816 3 the the DT 34823 9816 4 corrections correction NNS 34823 9816 5 listed list VBN 34823 9816 6 above above RB 34823 9816 7 , , , 34823 9816 8 printer printer NNP 34823 9816 9 's 's POS 34823 9816 10 inconsistencies inconsistency NNS 34823 9816 11 in in IN 34823 9816 12 spelling spelling NN 34823 9816 13 and and CC 34823 9816 14 hyphenation hyphenation NN 34823 9816 15 have have VBP 34823 9816 16 been be VBN 34823 9816 17 retained retain VBN 34823 9816 18 . . .