A practical new approach to monetary stability is outlined in this influential work.
It argues for a simple, implementable plan to stabilize the dollar by adjusting its purchasing power to match a price-based standard.
The text frames the plan within a broad view of prices, money, and policy, explaining how stabilization could be pursued at national or international levels. It emphasizes a transparent mechanism, careful use of data, and a path that many readers—economists and lay readers alike—could grasp and discuss.
- How the stabilization idea works in concrete terms and what changes it could bring to the economy.
- Why the author favors a wholesale price index as the key gauge for adjustments.
- What would be adjusted, how often, and what safeguards would protect against speculative moves.
- The historical context, potential benefits, and considerations for public policy and reform.
Ideal for readers curious about monetary reform, economic policy, and the long arc of price stability.