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Page 1: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 2: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 3: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 4: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 5: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 6: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 7: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 8: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 9: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 10: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 11: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 12: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 13: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 14: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 15: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 16: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 17: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 18: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 19: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 20: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 21: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 22: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 23: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 24: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 25: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 26: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 27: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 28: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 29: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 30: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 31: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 32: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 33: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 34: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 35: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 36: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 37: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)
Page 38: iea.org.uk › wp-content › uploads › 2016 › 07 › Democracy and t… · quantity theory of money. Hume went further in warning against expanding the supply (paper or credit)