annual wholesale price indexes for the period 1948-76. The data on money shocks are the unanticipated money growth series … results are negative. They reject the hypothesis that unexpected money shocks, as measured by Barro, affect price dispersion …

the law. Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full … capital via the creation of money. If the divergence between capital and labor-between rich and poor-is explained by the … monopoly access of capitalists to finance, then reducing this divergence is crucially dependent on the democratization of money …

Preface -- Introduction: the confusion over money -- Theory, history and money -- Modern money : credit money and the … consequences -- The future of money and its possibilities -- Bibliography -- Index …