Some Aspects of the Stable Money Question

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.