Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System

Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System
ISBN-10
1939709679
ISBN-13
9781939709677
Category
Business & Economics
Pages
292
Language
English
Published
2015-02-16
Publisher
Cato Institute
Authors
Lawrence H. White, Viktor J. Vanberg, Ekkehard A. Kohler

Description

Over 50 years ago, In Search of a Monetary Constitution, which focused on the need for constraints on the creation of money by the government, was published. Although overlooked at the time, the work's analysis has proven to be remarkably prescient. This new collection of essays, Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System, commemorates the 50th anniversary of the first edition by revisiting and re-energizing the original intent. Since the publication of the original book, central banks have delivered neither sound money nor real growth; instead, chronic inflation and a series of booms and busts have prevailed. In this new collection, scholars call for monetary reform centered on the debate over creating constitutional provisions that empower government versus provisions that prohibit government interference with money. The aim of Renewing the Search for a Monetary Constitution is to revitalize public discussion of constitutional monetary reform. It's a must-read for anyone who wants to change the domination of our monetary system by the government.

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