What would you like to read?Search books, authors, genres, shelves, users...
Search books, authors, genres, shelves, users...Search books, authors, genres, shelves, users...

A book published in 1923. Writing during post-World War I monetary instability, Keynes argues that countries should prioritize domestic price stability over fixed exchange rates. He critiques the gold standard as a "barbarous relic" and proposes managed monetary policy using interest rates and banking reserves. Rather than freely floating currencies, he advocates for a "crawling peg" system where exchange rates adjust gradually—a