In the Newly Revised and Enlarged Second Edition There are a few lessons to take away. One lesson of this book is that, contrary to conventional academic opinion, the quantity of money in circulation is not the problem. The problem of monetary disorder is how money is issued.
A second lesson of this book is the pernicious falsehood, spread worldwide, by the trendy quotation drawn from John Maynard Keynes: In the long run we are all dead. Such indifference or cynicism towards future generations may characterize a few self-centered individuals. But throughout the world, for parents and grandparents and most individuals, the long-run common good is an essential preoccupation of every generation sharing the human condition and its hope for the future.
A third lesson of this book is that there is a time-tested way out of the present world financial crisis.
This Monetary Reform Plan proposes to establish the framework for an enduring, stable value for the United States dollar; that is, to define the dollar by statute as a certain weight unit of gold to be coined into lawful money.
The True Gold Standard by Lewis E. Lehrman
endeavors to answer these questions and more.
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