“If we wish to arrive at a description of the demand for money of an individual we must start with the considerations that influence such an individual in receiving and paying out money. Every economic agent is obliged to hold a stock of the common medium of exchange sufficient to cover his probable business and personal requirements. The amount that will be required depends upon individual circumstances. It is influenced both by the custom and habits of the individual and by the organization of the whole social apparatus of production and exchange.”
— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/4Tyzc5v
jon / jon ⚡️💯
npub1wt…cjjv2
2024-05-20 17:24:09
Author Public Key
npub1wtfnlhvhvm90lgsgyd6cu82tj3v429y7qkuu54srwzxpefppc2zq3cjjv2Published at
2024-05-20 17:24:09Event JSON
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"content": "“If we wish to arrive at a description of the demand for money of an individual we must start with the considerations that influence such an individual in receiving and paying out money. Every economic agent is obliged to hold a stock of the common medium of exchange sufficient to cover his probable business and personal requirements. The amount that will be required depends upon individual circumstances. It is influenced both by the custom and habits of the individual and by the organization of the whole social apparatus of production and exchange.”\n\n— The Theory of Money and Credit (LvMI) by Ludwig von Mises\nhttps://a.co/4Tyzc5v",
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