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Date:
Fri Mar 31 17:18:53 2006
Message-ID:
<9506121309.AA24257@superior>
Subject:
From:
[log in to unmask] (Robin Neill)
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text/plain (12 lines)
>From [log in to unmask] 
 
     At the Notre Dame meetings there was discussion of precursors of 
Milton Friedman's policy proposals with respect to the quantity of 
money.  In 1851, a certain Opdyke, in his POLITICAL ECONOMY, wrote 
`The natural ratio of money, when expressed in dollars, to population 
in the United States, is as 15 to 1.'  One, Walter Arnold, a member of 
the Currency Reform League in Canada, cited Opdyke at length in an 
1861 article, and elaborated the notion, which was given a much fuller 
expression in POLITICAL ECONOMY than this one line would indicate. 
 

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