Stabilizing the Dollar (Classic Reprint): A Plan to Stabilize the General Price Level, Without Fixing Individual Prices: A Plan to Stabilize the ... Fixing Individual Prices (Classic Reprint) - Softcover

Inhaltsangabe

A practical plan to steady prices and money, not by fixing every price, but by aligning the dollar with the value of a broad basket of goods. This clear, nontechnical exploration explains how a proposed monetary approach could keep the general price level stable without dictating prices item by item. It blends historical context, economic reasoning, and concrete steps for policymakers.

Written as a concise, accessible guide, the book lays out the core idea, the mechanics of adjusting the dollar’s weight, and why wholesale price trends matter most for a stable economy. It also examines potential objections and compares this plan with other approaches, offering readers a grounded view of how a price-stability strategy might work in practice.

• How stability could be achieved by tying the dollar to a carefully chosen index of wholesale prices


• Why wholesale price movements are more responsive and useful for guiding adjustments


• The role of indexes, measurement choices, and practical steps for implementation

Ideal for readers of economic history and policy proposals who want a clear picture of what stabilizing the dollar could involve and why it matters for everyday prices.

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