quotes about Purchasing Power
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The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.
-- Alfred MarshallSource : Alfred Marshall (2009). “Principles of Economics: Unabridged Eighth Edition”, p.51, Cosimo, Inc.
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The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.
-- Joseph Salerno -
Purchasing power is a license to purchase power.
-- Raoul Vaneigem