Recorded at University of San Diego & San Diego Chamber of Commerce ©1978
影片 6:30
consumer is spendthrift , because too much of money, it means the credit loan cannot be taken too much, or it would provoke more inflation again Inflation is a printing press phenomonen, it always caused by a more rapid increase in quantity of money than output
It means our productivity has not been increasing as much as it should
A spendthrift is someone who is extravagant
and recklessly wasteful with money, often to a point where the spending climbs
well beyond his or her means. 大肆揮霍 (財務上)
Quantity of money per unit of output has strong positive relation with consumer price index
影片16:00
before that days, the government discovers that it could escape from the relic of earlier times, the discipline of gold, they discovered a scentific method of controling quantity of money by ending up the linkage to the gold, instead turn to government based money
