Stabilizing the Dollar : a Plan to Stabilize the General Price Level Without Fixing Individual Prices
The book Stabilizing the Dollar : a Plan to Stabilize the General Price Level Without Fixing Individual Prices was written by author Irving Fisher Here you can read free online of Stabilizing the Dollar : a Plan to Stabilize the General Price Level Without Fixing Individual Prices book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Stabilizing the Dollar : a Plan to Stabilize the General Price Level Without Fixing Individual Prices a good or bad book?
What reading level is Stabilizing the Dollar : a Plan to Stabilize the General Price Level Without Fixing Individual Prices book?
To quickly assess the difficulty of the text, read a short excerpt:
A Constant 50% Reserve and a Variable Surplus. A third method would differ from the second, as de- scribed in " D " above, only from a bookkeeping point of view. There would be some advantage in separating off any surplus gold above the legal 50%. This " sur- plus " would then be considered as a secondary reser- voir out of which the " reserve " proper could be main- tained at a constant level of 50%. Reversely, whenever this " reserve " should tend to exceed 50%, the excess would overflow into... the " surplus." The " reserve " proper would then be maintained at an unchanged ratio at all times. We may, for convenience of thought, suppose the " reserve " and the " surplus " to be kept physically apart in two separate vaults in the Treasury and every week, or every day, the Treasury accounts to be squared ' off and gold physically transferred between the two rooms, in whichever direction it might be needed to keep the " reserve " at 50% and no more. We should then have a " reserve " the amount of which (in dollars, not weight) would always be 50% of outstanding certifi- cates, and a "surplus" which would represent all above 134 STABILIZING THE DOLLAR [App.
User Reviews: