Stabilizing the Dollar: A Plan to Stabilize the General Price Level Without Fixing Individual Prices

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The book presents a groundbreaking monetary policy proposal aimed at stabilizing the US dollar and preventing inflation by advocating for a central authority to manage the money supply. It emphasizes maintaining a stable general price level instead of controlling individual prices or depending on gold reserves. A thorough explanation of the underlying theory is provided, along with discussions of practical challenges associated with implementing this approach. This work remains relevant in the context of economic policy debates.