Money, Bank Credit, and Economic Cycles - The Ludwig von Mises ...

Index of Subjects 863Goal, concept of, 266Gold production, 750Gold standard, effects of hoardingunder, 550nGoodsdurable consumer, 300, 316,406fungible good, 2present and future, absenceof exchange in the irregulardeposit, 14–15savers, or suppliers of present,285–86See also Economic goodsGreat Depression, 491–93Great Plague, 346Grossincome, 304investment, 302market rate of interest, premiumfor expected inflationor deflation, 289saving, 302Gross Domestic Output (GDO),420Gross National Output (GNO),definition, 310nGross National Product (GNP),308, 310n, 418–20Hoarding, or deflation provokedby an increase in the savingsdevoted to cash balances,448–49Holding companies, as truefinancial intermediaries, 597–98Human action, 266–72Hyperinflation, 404–05Ideogram, monetarist equationof exchange as an, 531Idlecapacity, 415resources, 440–43Impossibility of socialism, theoremof, and the central bank,647–75Incentives, redefinition of theirstructure for central-bankauthorities, 659–61Income redistribution andchanges in relative pricescaused by inflation, 533Industrial Revolution, businesscycles, 482–87Input-output tables, 312n, 503Institution, definition, 21Interbank clearing house, Parnell’sargument on the limit toissuance under free banking,632Interestagreements of, in irregulardeposit contract, 16different theories of, 516nfrom a legal standpoint, 287Interest rate, 284–91definition of, 285gross, 289tendency to equalize, 291,301–02increase in, of loans, 371–74technical interest used in lifeinsurance, 590under the proposed system,762–64Internal financing, 288International monetary standard,759–60Internet, 640nIntratemporaldiscoordination, 662Intertemporaldiscoordination created bycredit expansion, 283–84,352–53