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A Tract on Monetary Reform

Note 18 — Chapter II · PUBLIC FINANCE AND CHANGES IN THE VALUE OF MONEY

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The forecasts of the final outcome of the year are frequently changed and may be somewhat different from the above,—though not sufficiently to affect the argument. M. de Lasteyrie has lately pointed out with pride how the further depreciation of the franc, since he first introduced his budget, is already improving the receipts measured in terms of francs.

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