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Have changed, and sometimes - that value of money has definitely increased or
Has decreased, though the prices only some significant goods have changed, but at
All in the same direction. But if the individual prices constantly
Vary, what we then name stable value of money?
As a first approximation it is, of course, quite obvious that the general power over the goods,
Which is given by some sum of money, has decreased, if this sum allows
To get smaller quantity of the majority of them and it quantity only
Small part from them. If these changes counterbalance each other it is possible
To tell that the power over the goods remained approximately the same. However for
Our purposes, certainly, it is necessary for us, more exact definition of concept
"Stable value of money" and more exact definition of benefits, which we
We expect from this phenomenon.
As we saw, the basic hindrances generated by changes in value of money,
Arise because of influence of these changes on the delayed payments and on
Book keeping. In both cases made decisions face with
Reality insuperable to an individual: the future dynamics of the majority of the prices
It is unpredictable
Which it not in a status the nobility>. The risk connected with this circumstance,
It is possible to lower, basing calculations on expected values of the future prices, from
Which the actual prices can deviate both in one, and in other party
On any set quantity of percentage points with some probability.
The median of probable future deviations will be correctly estimated only in that
Case if it is equal to zero and, hence, coincides with probable behaviour
Considerable quantity of the prices which are steady enough or it
First of all, tariffs for utilities, and also the prices of the majority of the goods
Known trade marks, the goods by mail and so forth>.
Is better to illustrate it on two diagrammes. If value of money
It is regulated in such a manner that the corresponding average level of the prices remains
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