The Plan for a Compensated Dollar

Abstract

I. The plan, rigidly adhered to, would bring long-run stability of prices, 402. — But temporary oscillations, of unpredictable extent, would continue, 403. — Causes of uncertainty in the connection between quantity of coin and prices, 403. — II. Adoption of the plan by international agreement seems impossible, 407. — Nor would a single country be likely to adopt it, 410. — III. It is uncertain whether and how far general prices will continue to rise, 412. — The general public is uneasy chiefly about the rise in food prices, 413. — Present evils not unendurable, and the scheme not practicable, 416.