Unpopular Expenditures
CHAPTER VII The New Monetary System
1 First Steps
CHAPTER VIII The Ideological Meaning of Reform
1 The Ideological Conflict
Appendix. Balance of Payments and Foreign Exchange Rates
MONETARY STABILIZATION AND CYCLICAL POLICY (1928)
PART I Stabilization of the Purchasing Power of the Monetary Unit
1 “Stable Value” Money
1 The Demand for Money
CHAPTER III The “Manipulation” of the Gold Standard
1 Monetary Policy and Purchasing Power of Gold
2 Changes in Purchasing Power of Gold
CHAPTER IV “Measuring” Changes in the Purchasing Power of the Monetary Unit
1 Imaginary Constructions
CHAPTER V Fisher’s Stabilization Plan
1 Political Problem
4 Changes in Wealth and Income
CHAPTER VI Goods-induced and Cash-induced Changes in the Purchasing Power of the Monetary Unit
1 The Inherent Instability of Market Ratios
2 The Misplaced Partiality to Debtors
CHAPTER VII The Goal of Monetary Policy
1 Liberalism and the Gold Standard
2 “Pure” Gold Standard Disregarded
PART II Cyclical Policy to Eliminate Economic Fluctuations
1 Currency School’s Contribution
3 The Circulation Credit Theory
CHAPTER II Circulation Credit Theory
1 The Banking School Fallacy
2 Early Effects of Credit Expansion
3 Inevitable Effects of Credit Expansion on Interest Rates
5 Malinvestment of Available Capital Goods
8 The Inevitable Crisis and Cycle
CHAPTER III The Reappearance of Cycles
