For one, under a gold standard money would serve its sole purpose as a unit of exchange, and for doing so would unleash very impressive growth.

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To paraphrase Adam Smith, the sole purpose of money is to facilitate the exchange of goods.

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In truth, the sole purpose of money is to facilitate the exchange of goods.

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The sole purpose of the latter is to facilitate the exchange of goods.

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China's response is that exchange rates are not the sole cause of the imbalance.

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