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A Tract on Monetary Reform
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In A Tract on Monetary Reform, which was first published in 1923, British economist John Maynard Keynes argues that the objects of British government should be the stability of trade, price, and employment. The gold reserve should be demonetized. However, this does not mean that gold serves absolutely no purpose anymore. Rather, it is a store of value and a means of correcting the influence of a temporarily adverse balance of payment.
"This is a very brilliant as well as a very important b...
"This is a very brilliant as well as a very important b...
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