Publisher's Synopsis
""Stabilizing the Dollar"" is a book written by Irving Fisher, an American economist, in 1920. The book proposes a plan to stabilize the general price level of goods and services without fixing individual prices. Fisher argues that a stable price level is essential for economic stability and growth, and that fluctuations in the value of the dollar are the primary cause of economic instability. The book outlines Fisher's plan, which involves the creation of a central bank that would regulate the supply of money in the economy to maintain a stable price level. This would be achieved through the use of open market operations, where the central bank would buy and sell government securities to adjust the money supply. Fisher argues that this plan would have several benefits, including reducing the risk of inflation and deflation, increasing economic growth, and promoting international trade. He also addresses potential criticisms of the plan, such as concerns about the role of government in the economy and the impact on individual businesses. Overall, ""Stabilizing the Dollar"" is a seminal work in the field of monetary economics and remains relevant today as policymakers continue to grapple with the challenge of maintaining price stability in the face of economic uncertainty.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.
