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The Problem of the Rupee, Its Origin and Its Solution

Note 371 — Chapter VI · (continued 2)

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Ricardo, in his Proposals for an Economical and Secure Currency, says: “It has indeed been said that we might judge of the value of a currency by its relation not to one but to the mass of the commodities. … Such a test would be of no use whatever. … To determine the value of a currency by the test proposed … is evidently impossible.”

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