Monetary Theory
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The Non-Price Effects of Monetary Inflation
The aim of this paper is to examine the non-price effects of monetary inflation.
Gold versus Fractional Reserves
A dual currency system could eventually permit a smooth transition back to a sound gold currency.
Optimal Monetary Policy
The competitive production of money can work and has worked well in all known historical cases.
The Gold Standard Did Not Cause the Great Depression
What makes this book unique is Sumner's use of financial data and press accounts on the precise zigs-and-zags of the economy during the 1930s.
