Abstract
“A Manifesto for US Monetary Reform” hardly sounds like a winning banner in an election campaign. And that is a big problem. The ideal of a free society — where capitalism, a competitive market economy and political liberalism in combination build prosperity for all — is continually at peril in an environment of monetary instability. And so long as US monetary conditions are unstable, the rest of the world cannot hope to build monetary stability, although individual countries may have varying degrees of success in partially insulating themselves.
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