if they’d like to actually exchange money for goods and services. To presume, as Friedman did, that inflation was a function of “too much money chasing too few goods,” was for the Nobel ...

But with money, you don’t need to find a particular person. You just need a market in which to sell your goods or services. In that market, you don’t barter for individual goods. Instead you exchange ...

American Express even printed the exact amount of foreign currency exchange right on its traveler's cheques. Technological advances in the nineteenth century produced more goods and created more ...