What Sets Prices?
“In HM2, wiMMi tile wholesale* price index in Canada declined to (17, demand deposits were turning over at a velocity of 7)2.8 times per year—the ■same rate of turnover a.s in 192.4, when the average wholesale price index was ]O2. Average demand deposits in 19.‘12 were but 2.4 per cent below those in 102.4. “The inference is obvious that Canadian prices for the most part are set in world markets, and that neither the quantity of money nor the volume and use of credit in Canada has any material bearing. “Certainly the establishment of a central bank in Canada would have no effect on world prices, and would only be an added expense to the country at large, while providing no need that is not already met. by the l-'inaiici* Act.’’
armaments mi sea nml land Inflame mankind I'm' frantic .strife, Wliilsl peace and science liand in liand Still l(‘;id Die way to saner We. In war’s wild wash* of lives :r,nd yold worse wounds may yv*t omlnrr* Hut ylad relird’ Tor conjEjh andt, cold Awaits in Woods’ Great Peppermint Ctiro. 15
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https://paperspast.natlib.govt.nz/newspapers/NA19330608.2.71.2
Bibliographic details
Northern Advocate, 8 June 1933, Page 8
Word Count
185Page 8 Advertisements Column 2 Northern Advocate, 8 June 1933, Page 8
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