... overall, but the early spenders benefited at the expense of the late spenders The 34 The Mystery of Banking Murray N Rothbard profligate gained at the expense of the cautious and thrifty: another joke ... supply of dollars, of total cash balances of dollars in the economy, increases: 28 The Mystery of Banking Murray N Rothbard Figure 3.4 Increase in the Supply of Money The original supply of money, ... PPM, or the purchasing power of the dollar, is an array of alternatives inverse to the above prices In short, the purchasing power of the dollar is: 24 The Mystery of Banking Murray N Rothbard...