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that the value or buying power of money varies according to its
quantity in relation to that of the goods that it buys–chiefly as a
stick wherewith to beat the Gold Standard
Mr Kitson, however, uses the ‘Quantity Theory of Money’–the doctrine
that the value or buying power of money varies according to its
quantity in relation to that of […]

ever since
It is little wonder that Honduras has been in default on these loans
ever since. In its Report the Committee commented severely on the action
of Don C—- G—-, the London representative of the Republic. ‘He
sanctioned,’ it says, ‘Stock Exchange dealings and speculations in the
loans which no Minister should have sanctioned. He was a party to […]

of the security that it offers, the profits of those who cater for its
weaknesses will wax fat
give more attention to the size of an advertisement than to the merits
of the security that it offers, the profits of those who cater for its
weaknesses will wax fat.

Mr Kitson”s answer is much easier. According to him, instead of
working better, organising better, and putting more of our output into
plant and equipment and less into self-indulgence and vulgarity all
that we have to do to work the necessary reform is to provide more
money and credit. Since, he says, under the industrial era–

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