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As always, Keynes proved to be amazingly prescient: The United States did eventually abandon the gold standard and the U.S. dollar is indeed the basis of currency values today. Keynes's brilliant, clear analysis of the world monetary situation at the beginning of the twentieth century, with his many suggestions and his masterful elucidation of economic principles, is still well worth reading today at the beginning of the twenty-first century.
1. The consequences to society of changes in the value of money; 2. Public finance and changes in the value of money; 3. The theory of money and the exchanges; 4. Alternative aims in monetary policy; 5. Positive suggestions for the future regulation of money.
Posted May 11, 2010
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