... grab it. Theythink of ‘‘purchasing power’’merely in terms ofmoney. Now moneycan be run offbythe printing press. As this is being written, in fact, printing moneyisthe world’sbiggest industry(emif ... everybody’smoneyincome is somebody else’scost. Every increase in hourly wages, unless oruntil compensated by an equal increase in hourly productivity,isanincrease in costs of production. An increase in ... so firmly in the habit ofthinking of their wealth and income in terms of money, theyconsider themselvesbetter offasthese monetary totals rise, in spite of the fact that in terms of thingstheymay...