Inflation (Classic Reprint) - Softcover

Nicholson, J. Shield

 
9781330596289: Inflation (Classic Reprint)

Synopsis

This book analyzes the significant abandonment of the gold standard during the First World War, which resulted in the uncontrolled issuance of paper money. The suspension of the gold standard led to an expansion of currency and credit, skyrocketing inflation, and imbalances in foreign exchange. As the author traces the consequences of this financial shift, they emphasize the importance of maintaining a stable monetary system to avoid negative impacts on trade, prices, and economic growth. By examining the historical context and theoretical underpinnings of the gold standard, the book sheds light on the critical role of sound monetary policies in ensuring economic stability and prosperity.

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