Stabilizing the Dollar: A Plan to Stabilize the General Price Level Without Fixing Individual Prices

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First published in 1920, this book offers a proposal for a monetary policy to stabilize the value of the US dollar and prevent inflation. It argues that a central authority should adjust the quantity of money in circulation to keep the general price level stable, rather than trying to control individual prices or relying on gold reserves. The book provides a detailed explanation of the theory behind this approach and addresses many practical issues related to its implementation. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.