... armed with the supply -and- demand theory of money and the purchasing-power–parity theory of the exchange rate 4 0Murray N Rothbard, Conceived in Liberty, vol 1, A New Land, A New People: The American ... Liggio and James J Martin, eds (Colorado Springs, Colo.: Ralph Myles, 1976), p 19 Part A HISTORY OF MONEY AND BANKING IN THE UNITED STATES BEFORE THE TWENTIETH CENTURY A HISTORY OF MONEY AND BANKING ... specific means So the new economic history is not history in the traditional sense of an attempt to “understand” the 10 A History of Money and Banking in the United States: The Colonial Era to...