§ 3. Dr. D. Johnson
asked the Chancellor of the Exchequer the regulating factor by which he determines the volume of money available in circulation as purchasing power.
§ Mr. H. Brooke
There is no single regulating factor: but Bank Rate and Exchequer financing are important elements.
§ Dr. Johnson
Will my right hon. Friend consider initiating the appropriate research with a view to the possibility of 1355 creating a commodity standard to operate on the same lines as the now outdated gold standard, so that the amount of money in circulation remains in balance with the amount of goods produced?