The Critique of Commodity-Reserve Currency: A Point-by-Point Reply

@article{Graham1943TheCO,
  title={The Critique of Commodity-Reserve Currency: A Point-by-Point Reply},
  author={Benjamin A. T. Graham},
  journal={Journal of Political Economy},
  year={1943},
  volume={51},
  pages={66 - 69}
}
i. The first benefit asserted is that the commodity-reservoir system will go far to prevent the paradox of want amid plenty by providing an unlimited market at a fair average price for basic commodities as a whole. The expanded purchasing power of the raw-materials producers will greatly stimulate other sectors of the economy. About this "basic objective" the critique has little to say. It characterizes this "depression-insurance feature" as perhaps the most attractive of the plan; but it… Expand
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