Stabilizing the Dollar: A Plan to Stabilize the General Price Level

Language: English

Published by Forgotten Books, 2018

1440054037 / 9781440054037

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Print on Demand. This book explores the concept of how price levels can be stabilized, arguing that an unstable price level is the main source of injustice, violence, and social upheaval. It makes the case that the purchasing power of currency has always been unstable, as historically no instrument for measuring its aberrations had been conceived. However, thanks to the introduction of the price index, we can now rectify this. The author demonstrates how money can control price level, showing that the more gold in a dollar, the greater its buying power and subsequently, the lower the price level. The author concludes by discussing a way to standardize our monetary units, advocating for a reform that would safeguard agreements made at one date to pay money at another, by adjusting the dollar for purchasing power. The book delves into many historical price movements, analyzes their causes, and proposes an ingenious and simple solution to avert future social injustice from price level instability. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Seller Inventory # 9781440054037_0

Title
Stabilizing the Dollar: A Plan to Stabilize the General Price Level
Author
Irving Fisher
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1440054037
ISBN 13
9781440054037
Seller catalogs
Economics

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

Dalton House, 60 Windsor Avenue
London, United Kingdom SW19 2RR