104 
Capitel V. 
Allem schon die Vorstellung als unbegründet, dass 
jede Vermehrung des im Umlauf befindlichen Gel- 
/rt/.v. ‘ ‘ Reply toM^ Bosanquets practical observations etc. (1811) 
p. 376.: ,,T h at com modi tie s would rise or fall in price, 
in proportion to the increase or diminution of money, 
I assume as a fact which is incontrovertible.*^ Prin 
ciples p. 80: the abstraction of money from one 
country and the accumulation of it in another, all 
commodities are affected in price.** 
J. W. Gilb art, Works vol. IV. 1866. Currency and banking 
p. 294 ff. : >,The way in which an increase of money 
tends to advance prices, is by increasinp; the demand: 
an increase of money gives men the means and the inclination 
of purchasing an additional quantity, either for con 
sumption or speculation, and the increased demand advances the 
price.** — ,,//e conclude then, that an abundance of money has 
a tendency to raise the prices of commodities. That when we contend 
that an increase in the quantity of money has a tendency to raise 
the, prices of commodities, we must be understood to mean that the 
quantity of commodities remain the same as before.** 
J. Stuart Mill, Princ. B. III. Cli. VII. p. 297: ,,money is 
a commodity and its value is determined like that of 
other commodities temporarily by demand and supply.** 
p. 298: „The value or purchasing power of money depends, in the first 
instance, on demand and supply.** — ,,/n point of fact, money 
is bought and sold like other things, whenever other 
things are bought and sold for money. The money with which 
people are offering to buy is money offered for sale**. — „The supply 
of money, then, is the quantity of it which people are wanting to 
lay out, that is, all the money they have in their possession, except