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

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.

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