Some Aspects of the Stable Money Question

Frederick A. Bradford

The Quarterly Journal of Economics, 1929, vol. 43, issue 4, 667-696

Abstract: The wide interest in the problem of stable money, 667. — Assumptions of the stable money advocates open to doubt, 668. — LA real standard of value and social justice, 668. — Effect on (a) the creditor, 669, (b) the laborer, 670, and (c) the entrepreneur, 670. —Ease of attainment, 671. — II. Relation between a stable price level and business stability, 672. — Secular trend important in relation to business activity, 678. — Reasons for supporting a stable price level, 679. — III. The use of a price index as a criterion of currency control objectionable, 680. — An alternative method proposed, 681. — Advantage of the proposed plan, 683. — IV. Complexities surrounding stabilization plans, 691. — Reasons for insistence on change from the gold standard, 691. — Gold standard should not be abolished, 693. — Conclusion, 694.

Date: 1929
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