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To provide stability of their value>; and, at last, demand for currencies, value

Which it raises, will appear big . In

Conditions of the free market of currencies, people will be ready to sell and buy (on

To determined price) in exchange for any currency, but they will not be ready to hold

Any currency; and characteristics of existing substitutes begin to influence demand

On any concrete currency. Thus, there will be no uniform quantity of money,

As which it would be possible to consider as a determinative at definition of their value.

... And speeds of the reference

It is possible to assert that the analysis of demand for the rests of a cash and use

Concepts of speed of the reference of the quantitative theory are formally equivalent. But

Distinction is important. The approach from the point of view of their rests of a cash involves

Attention to a major factor: to desire of individuals to hold a stock of money.

Speed of the reference reflects a resultant statistical size, which in Principle can be enough constant on an extent rather The long periods of time for which there is statistical data. It Partly justifies claims of the quantitative theory confirming the simple

Communication between "the given" quantity of money and "the given" price level. But nevertheless it

The statement is frequently deceptive, as easily associates with the erroneous

Belief as if monetary changes mention only an overall price level. For this reason these changes consider often harmful, as though they Raise or lower all prices simultaneously and in the same measure. However

Real harm from them consists in the differentiated influence on the different

The prices which by turns change rather randomly and in very different Degrees so as a result all structure of the relative prices is deformed and Focuses manufacture in incorrect directions.

Unfortunately, lord Keynes practically has not used this major contribution in

The theory of the money, brought in it the Cambridge tradition going from Marshall. Though

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Large Weather Icons Large Weather Icons depict different weather conditions typical in software, weather Web sites, and mobile gadgets. The icons come in all sizes standard to Windows, Mac OS, and mobile devices. The biggest versions are huge 512x512 pixel images with vector sources in Adobe Illustrator (.ai) format easily affordable and ready to be printed or used in presentations in highest quality.

Basic Icons for Vista Basic Icons for Vista is a set of smooth and polished icons designed in the same style as the original Vista icons. The icons come in two variants: with or without shadows.

Large Home Icons Large Home Icons set presents icons for all the types of houses, homes, architectural decorations and buildings you can imagine. This pack had beed professionally designed to provide bright colored matching icons for any architecture or map application.

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