A program for monetary stability

Book excerpt: 2014 Reprint of 1959 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. The organization of the book is simple and logical, the style extremely lucid and readable. In proposing measures of reform, the author e examines the current money and credit structure to see how it works, examines the role that government should play, and what criteria should guide the use of powers granted the monetary authorities. An essay and a powerful theoretical statement from an economist who would go on to dominate his field for the next thirty years.