THE QUANTITY THEORY AND "WORLD PRICES"
Types of quantity theory: world's volume of _gold vs._
quantity of _money_ in given country; standard _vs._
token money; abandonment of dodo-bone theory and
"equation of exchange" 324-326
Credit does not rest on money: measure of values _vs._
reserves; loans and wealth; value of money _vs._
price-level 326-328
Loose relation of reserves and credit in world as whole;
no proportionality of quantity of gold to value of gold;
no quantity theory needed to assert that value of gold
related to its quantity 328-330