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Quote from Federal Reserve Bank of St. Louis,


"The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money..."


By:

Federal Reserve Bank of St. Louis (more quotes by Federal Reserve Bank of St. Louis or books by/about Federal Reserve Bank of St. Louis)

Source:

Review, Nov. 1975, p.22, Published by The Federal Reserve Bank of St. Louis

Categories:

Economics, Fed, Money

Rating:

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