...barriers) from any cause whatsoever, it tends to raise prices, and that country (or locality) becomes a good place to sell in and a poor place to buy in, and thus the excess is drawn off. This involves the acceptance of the quantity theory of money. Those...

...barriers) from any cause whatsoever, it tends to raise prices and that country (or locality) becomes a good place to sell in and a poor place to buy in, and thus the excess is drawn off. This involves the acceptance of the quantity theory of money. Those...

...receiving the gold and falling in the country losing the gold. The country with the higher prices would be a good place to sell in and a poor place to buy in, so its imports would increase and its exports decrease, tending to cause it to lose gold. THE INTERRELATIONS...