This page has been validated.
262
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]
- ↑ 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.
