Examines the economic distribution of demand deposits during 1935 in the USA. Concludes that data on the distribution of money permit a significant advance in the understanding of the factors reflected in changes in income velocity.

Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained by the conventional listing of motivations, especially in...