Private Money: Path to Monetary Stability
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Kevin Dowd explains how central banking and the monopoly issue of currency by government have politicised and greatly destabilised the banking system. The change from money backed by a commodity standard to fiat money has destroyed the mechanism by which price stability was earlier secured, and opened the way for an historically unprecedented inflation. The Bank of England and other central banks have a record of losses which is comparable to those...
Format:Paperback
Language:English
ISBN:0255362161
ISBN13:9780255362160
Release Date:November 1988
Publisher:Institute of Economic Affairs
Length:71 Pages
Dimensions:0.2" x 6.0" x 9.0"
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