The Dollar, the Franc and Inflation

The Dollar, the Franc and Inflation

The Dollar, the Franc and Inflation

The Dollar, the Franc and Inflation

Excerpt

This brief study of inflation in the United States and in France was written in November, 1933, with the sincere conviction that there are serious dangers ahead which can still, to a considerable extent, be avoided by careful statesmenship guided by a strong expression of public desire for sound money. Inflation takes many forms, Government debt is the most insidious, bank credit the most volatile, and there are already signs there that there may be large quantities of both. Greenback may actually be less destructive than the unrestrained growth of various forms of borrowing.

In preparing this book, I have used the studies of Professors James Harvey Rogers, Charles Rist, and R. G. Hawtrey, as well as my own. I find in their books emphatic warnings against budget deficits and inflationary borrowings on a large scale. I find warnings against rapid or continuous price increases. I find approval of a certain measure of appreciation to bring the franc up from its low 1926 level. I have been unable to find support for deliberate depreciation or a program . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.