For all the good it can't do-idle money might as well be dead.
2.
For all the good it can't do, idle money might as well be dead.
3.
Money where it is is idle money; money where it sits is just pieces of paper with pictures of dead guys.
4.
Thus, where the money supply expanded, people would not simply wish to hold the extra money in idle money balances; i . e ., if they were in equilibrium before the increase, they were already holding money balances to suit their requirements, and thus after the increase they would have money balances surplus to their requirements.
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