Monetary and Industrial Fallacies (Classic Reprint): A Dialogue: A Dialogue (Classic Reprint) - Softcover

Inhaltsangabe

Money as a convention—and why that matters to production and crises
This book presents a practical look at how currency and banking shape everyday commerce, wages, and profits. It argues that money is a conventional system that workers and lenders must understand to avoid cycles of boom and bust.

In a clear dialogue, the author explains how deposits exceed reserve, how bank loans influence production, and why a steady monetary framework matters for the health of labor and industry. The discussions connect the behavior of banks to real-world outcomes, from wages to price levels, and suggest practical paths toward harmony in production.

• Money is shown as a conventional unit used in exchanges, not a fixed treasure or abstract theory.


• How deposits beyond reserve arise from credit and how they are retired in cash markets.


• Why regulated bank reserves and deposit banking can stimulate stable production.


• The idea that harmony of production, not abstract doctrines, guides a sound monetary system.

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