A Tract on Monetary Reform

Focusing on the necessity of stable currency, the author analyzes the severe fluctuations in money value since 1914, which have adversely impacted economies in North America, Europe, and India. He discusses the detrimental effects on investors, businesses, and workers, advocating for policies to mitigate these fluctuations for enhanced economic and social stability. Critiquing the gold standard as unreliable, he proposes that the U.S. and Britain work together to stabilize the dollar's commodity value, promoting cooperation between their central banks for price and exchange stability.