Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System (by Lawrence H. White, Viktor J. Vanberg, Ekkehard A. Köhler)


Author(s): Lawrence H. White, Viktor J. Vanberg, Ekkehard A. Köhler

Publisher: Cato Institute
Publish date: 2015-02-16
ISBN-10: 1939709660
ISBN-13: 9781939709660
Language: English
Description: 50 years ago, an important volume, In Search of a Monetary
Constitution, was published, focusing on the need for
a monetary constitution—constraints on the creation of money by the
government. Today, the work’s analysis, overlooked at the time, has
proven to be remarkably prescient. In this new collection,
commemorating the volume’s 50th anniversary, the subject is fully
updated and re-energized. Since its publication, central banks have
delivered neither sound money nor real growth; instead, chronic
inflation and a series of booms and busts have prevailed. As a
result, calls for monetary reform have re-emerged, centered around
the debate… more…

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