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

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Stabilizing the Dollar  :  A Plan to Stabilize the General Price Level Without Fixing Individual Prices free pdf This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... ity and utility of the plan had become sufficiently demonstrated, it might be made compulsory, in the sense that every money debt of, say, more than three months' standing, would be varied according to the tabular standard, in the absence of an express provision to the contrary." As shown in Appendix V, 2, plans very similar to the above are now actually employed to some extent. 4. Direct Anticipations We next cite the writings which describe plans substantially like that proposed in this book (i.e. plans for adjusting the weight of gold in a monetary unit by the aid of an index number of prices) and which were published earlier than the author's Purchasing Power of Money. For others who anticipated the idea but did not publish, see Preface. John Rooke. Inquiry into the Principles of National Wealth. Edinburgh, 1824. "The regulation of the new system is, that in whatever proportion the general and annual price of farm labour throughout the kingdom has a tendency to rise or fall, that rise or fall shall be counteracted by a reverse rise or fall in the current price of the gold and silver coin," p. 221. It would probably be advisable to discard the gold coin from circulation almost entirely, and employ it chiefly as the grand corrector of the value of bank paper," p. 222. Simon Newcomb. The Standard of Value. The North American Review, Sept. 1879, pp. 234-237. "The first and most obvious method of attaining the object is to issue a paper currency which shall be redeemable, not in gold dollars of fixed weight, but in such quantities of gold and silver bullion as shall suffice to make the required purchases." Newcomb also anticipated the device, shown in Appendix I, 5, for retaining gold coins in circulation, if desired.] Alfred...


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About Irving Fisher

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Details Book

Author : Irving Fisher
Publisher : Theclassics.Us
Data Published : September 2013
ISBN : 9781230239637
EAN : 9781313927147
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 98 pages
Age + : years
Language : English
Rating :

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