Stabilizing The Dollar: A Plan To Stabilize The General Price Level Without Fixing Individual Prices

Stabilizing The Dollar by Irving Fisher is an economic treatise that proposes a plan to stabilize the general price level without fixing individual prices. The book was first published in 1920, during a period of economic instability in the United States. Fisher argues that the instability is caused by fluctuations in the value of the dollar, which in turn cause fluctuations in the general price level.The book proposes a plan to stabilize the dollar by creating a central bank that would be responsible for regulating the supply of money in the economy. The central bank would use a variety of tools, such as open market operations and changes in reserve requirements, to control the supply of money and stabilize the value of the dollar.Fisher argues that stabilizing the value of the dollar would have a number of benefits, including reducing the risk of inflation and deflation, promoting economic growth and stability, and improving the overall welfare of society. He also addresses a number of objections to his plan, including concerns about the role of government in the economy and the potential for unintended consequences.Overall, Stabilizing The Dollar is a seminal work in the field of monetary economics, and its ideas continue to be influential today. The book is written in a clear and accessible style, making it suitable for both academic and general readers interested in economics and monetary policy.Report Of The Committee On War Finance Of The American Economic Association.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.