Page:Stabilizing the dollar, Fisher, 1920.djvu/316

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STABILIZING THE DOLLAR
[App. III

if a merchant corrects the items only on one side of his ledger by an index number, his profits would be destabilized rather than stabilized.[1]

  1. See Irving Fisher, The Purchasing Power of Money, New York (Macmillan), p. 336, and "Rejoinder by Professor Fisher," American Economic Review, June, 1919, pp. 256-262.