Understanding the Dollar Crisis

Index Of Subjects

Advertising, 24-25

Agriculture, 199, 251-255

A priori postulates, 10-13

Argentina, 288-289, 290

Austrian school of economics, 40-41, 76

Banks/banking: central, 188, 278-279, 292-293; development of, 183-187, 278-279, 281-282, 286-287. See also Federal Reserve System

Barter. See Exchange, direct

Bimetallism, 149-153

Capitalism, development of, ii

Change, 28, 48-49, 54, 145-146, 151, 158-159, 161-165

Classical school of economics, 29-31, 35, 66, 76

Communism, 60-61, 65, 89, 96-97. See also Marxism; USSR

Competition, 76-88, 94-96, 99-100, 111-112

Consumer sovereignty, 76, 81-86, 90-91, 94, 103-104, 109-111, 114-115, 129

Cooperation, social, ii, 66-68, 129-130, 274-275

Credit expansion, 179-182, 187-195, 227-231. See also Banks/ banking; Speculation

Deduced postulates, 13-18, 42-52

Deficit spending, 270-274, 286, 287, 288. See also Monetary history, U.S. (govt. securities)

Deflation, 234-237

Depressions/recessions, iv-vi, 175-231, 234-237, 239-243, 268-270, 279-281

Devaluation, 238

Economic calculation, 67, 88-91, 96-97, 155-157

Economic fallacies: “Mathematical economics,” 42, 46-47, 61, 261; “Stability,” 168, 170-171, 181, 262

Economic goods, 40-52, 68-69, 145-148, 157-159. See also Money.

Economic laws, 75-76, 151-154, 260. See also Postulates, economic; Price, law of

Economic power, 117-118. See also Consumer sovereignty

Economic problem, 15-16, 68-69

Economics, 1-20, 23

Economics, defined, 6-10, 283

Education: public, 133-134, 137; role of, 23-24, 276-278, 289-290; textbook fallacies, 163-164

Employment Act of 1946, 15In., 260-261

Encyclicals, Papal — on economics, 173

England, vi, 205-210, 214-215, 217-220

Entrepreneurs/businessmen, role of, 67, 114-115

Exchange: direct (barter), 33, 72-75, 141-142; indirect (monetary), 33, 76-86, 144, 157-158, 274-275; voluntary, 49-52, 54, 66-86

Federal Reserve System: fractional reserves, 187-198, 233-241, 246-247, 263-265, 278-279, 281-282, 286-287; gold reserve requirements, 189, 263-265; history of, 187-231, 233-274; “needs of business,” flexible “money supply,” 188-193; Open Market Committee, 212, 220-221

Foreign aid, 201-202, 246, 250-256

France, vi, 149-150, 189, 217-219, 221-222

Free market economy, 4-5, 19-20, 21, 49-52, 54, 66-71, 100-101, 103, 106-108, 112, 274-278, 294-295

Freedom, 17-18, 21-25, 107-108

Germany, vi, 166, 188, 201-203, 219, 291-292

Gold exchange standard, 283

Gold movements, 152-154, 174, 217-218, 220, 238, 246, 262-263, 265-268, 269

Gold production, 150, 160-161, 172

Gold standard, ii-iii, 148, 153-154, 160-161, 167, 168-169, 209, 278, 279-280

Golden rule, 50, 62, 94, 106-108, 132, 142, 167, 274

Government, role of, 53, 56, 66, 108, 133, 159

Government intervention, vi-vii, 52-54, 56-57, 94-96, 98-101, 127-129; price and wage controls, 100, 102-103, 132-133, 256-257, 275-276; pro-labor, 105-132. See also entries referring to specific forms of government intervention

Gresham’s law, 152-154

Hampered market economy. See Government intervention

Ideas/ideologies, importance of, 2-4, 16-19, 24, 68, 175-176, 289-290

India, 127

Inflation defined, 174, 178-181

Inflation, effects of: artificial prosperity, 191-192, 197, 210-211, 217, 222-226, 229-231, 266-270; destruction of savings and market economy, 130-131, 274-278, 290-292; higher prices and wages, 130-132, 146-148, 164-165, 170-171, 187, 210-211, 261; malinvestment, 164-166, 182, 187, 198-199, 205, 249-250; social unrest, 135-137, 176-178, 275-277

Inflation, politics and, 167, 204-205, 207-209, 216-217, 256-260, 266-268

Inflation, stages of, 165-166, 182. See also Monetary history, U.S.

Interest: rates/discounts, “manipulation” of, 190-193, 197, 203, 209-210, 213-214, 216, 219, 220-222, 227-229, 234-237; theory, time preference and, 14, 36-38, 170-171, 183

International Monetary Fund (IMF) and Bretton Woods, 281, 285

International trade, 134-135, 148, 152-154, 174, 198-201, 214-215. See also Foreign aid; Gold movements

“Just” or “natural” price idea, 29-33

Korea, 257-260

Labor: division of, specialization, 66-68; government and, 237-238, 239-245, 256-259, 260-261 ; union policies, effects of, 116-129, 130-133, 135, 214-215, 241-245, 257-259; wage rates and employment, 57-58, 105-132, 132-133, 135-137, 138-139, 242, 284

Labor theory of value, 29-38, 116-118

Laissez faire, 274-275

Latin Monetary Union, 150-151

Malinvestment. See Inflation

Marginal utility, 40-42, 44-47, 158-159, 164-166. See also

Value scales

Market. See Free market economy

Market exchange postulates, 70-71

Marxism, 19, 31-34, 38-39, 49, 109, 116-117, 175, 288

Methodology, for advancing freedom, 18-19, 21, 23-24, 133-134, 167, 276-278, 289-290

Methodology, of economics, 6-10, 13, 20, 44, 46-47, 61, 89, 172, 283

Monetary history, U.S., 175-231, 233-278; American Revolution, 176-177; 19th century, 149-151; Federal Reserve System established, 187-193; govt. securities (debt), holdings of, 194-198, 203-204, 212, 216, 226, 235-239, 246-249, 250, 270-274, 278-279, 286-287, 288; World War I through 1929, 193-231; post 1929, through World War II, to 1969, 233-274. See also Depressions; Federal Reserve System; Inflation

Monetary theory of the trade cycle, 141-167, 175-231 (esp. 187), 284-285

Money: cash holdings, hoardings, 147-148, 157-165, 170, 280-281; definition and role of, xii, 141-145, 153-154, 157-159, 162-167, 178, 181-182, government and, 159-161, 164-166, 231, 238, 274-278; non-neutrality of, 161-162, 164-165; theory of, 141-167, 282-283; value of, 157-159, 162, 164-165, 172. See also Banks/banking; Federal Reserve System; Gold standard; Inflation

Monopoly/oligopoly, antitrust laws, 94-96, 98-99, 173

National Recovery Administration (NRA), 128, 241-243

Note du Havre (May 29, 1810), 188-189

Paper gold, SDRs, 160, 174, 275, 285

Paradox of value, 31, 47

Postulates, economic: a priori, 10-13; deduced, 13-18, 42-52; market exchange, 70-71

Prices/pricing, 29-30, 33-38, 65-91, 92, 99-100, 101-102, 168, 172, 179, 222-223; law of price, 76-81, 85-86. See also Value; Value scales

Profit, psychic, 49-51, 54, 69-71

Profits/losses, 37, 91, 99-100, 102, 104, 111-112, 115, 124

Pump priming, 237-241

Rent control, 100

Savings: effects of, 63, 90-91, 92, 113-115, 127-128; inflation and, 290-292; labor unions and, 122-126, 135

Socialism, See Communism; Economic calculation; Marxism; USSR

Social Security Act, 239

Speculation: credit expansion and, 209-229, 233-, 92-93, 101-102. See als est rates/discounts, “manipulation” of

Stock market. See Speculation

Sweden, 100

Taxes: effects of, 52-53, 60, 86-88, 96, 137-138; progressive, 54-56, 61-62

USSR, 65, 96-97, 100, 155-156, 169-170

Value, 9, 27-54, 67-70, 89, 94

Value scales, 42-46, 48-52, 70-76, 90-91, 92-93

Value theory, history of, 29-36, 38-42, 66-68

Velocity of circulation, 280

“Welfare” policies, 56-57, 62-63

Youth, attitudes of, 59