In old documents, this refers to the difference between the loan to the debtor – in good, stable money – and the repayment in money that has since lost its purchasing power. Corresponding documents from earlier times, which have come down to us in abundance, are invaluable for economic history and especially for monetary history. – See money, moral, money property law, money ethics, monetary stability, inflation, inflation tax, market mechanism, menu costs, nominal value principle, away inflation.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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