Word: outflow
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Dates: during 1890-1899
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...that there is too much money in the United States, more than there would be of specie, if there were no paper substitutes. The familiar reasoning of economists is that, when there is a redundancy of the currency, prices rise, imports come in and gold flows out. The outflow of specie in 1893 and 1895 is generally looked on as a proof of the superabundance of currency. But this is not at all certain and economists have much to learn about such occurrences. One of the other evidence of too much currency is the accumulation of cash in commercial centres...