Originally published in 1925. This book sets forth a plan to stabilize the currency at a time in which there was much discussion of what to radically change to improve the state of the flow of gold and discounts and interests. It addresses such questions as ‘what is a standard of currency’ and ‘to whom does the gold belong’ among its discussion of the best way forward. A fascinating insight into 1920s economic history.
Table of Contents
Prologue Preface Part 1: Preliminary 1. The Heretic and the Professors 2. The Schemes of an Index-Number Standard Part 2: The Unsolved Problem of Gold 3. The Disposal of the Gold Reserve 4. The Price of Gold 5. Money and Wares 6. To Whom Does the Gold Belong? 7. Some Afterthoughts Part 3: The Unsolved Problem of Interest 8. Currency and Interest 9. What is a Standard of Currency? 10. Fluctuations of Interest and Fluctuations of Price 11. Further Unravelling of the Discount Tangle 12. Money and Credit 13. Belling the Cat 14. "…Which he Calls Interest" 15. The Interest Standard and the Exchanges 16. The American Hoard of Gold Part 4: Postscript 17. The Beauties of Stability and the Modesty of Stabilizers 18. The Gold Dollar and Goods Dollar Scheme Reconsidered 19. The Creation and Destruction of Credit by the Bank 20. The Self-Liquidating Bill of Exchange 21. The Currency Standard and State Loans. Epilogue