Stabilizing The Dollar

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Focusing on economic stability, the book presents a plan to stabilize the dollar's value without fixing individual prices, addressing the economic turmoil of the 1920s. Fisher advocates for a central bank to regulate money supply through various tools, aiming to mitigate inflation and deflation, foster growth, and enhance societal welfare. He also confronts objections regarding government intervention and unintended consequences. Written clearly, it remains a significant contribution to monetary economics, appealing to both academics and general readers.