Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938

by Richard H Timberlake and Thomas M. Humphrey

Book Overview

The gold standard is often blamed for causing "the Great Contraction" - the unprecedented collapse of the U.S. money stock that began after the 1929 stock market crash and led to the Great Depression.

In Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938, preeminent monetary historians Thomas M. Humphrey and Richard H. Timberlake thoroughly refute that claim. Instead, they identify the culprit as a now relatively...

• Format: Paperback
• Language: English
• ISBN: 1948647125
• ISBN13: 9781948647120
• Release Date: September 2019
• Publisher: Cato Institute
• Length: 226 Pages
• Weight: 0.94 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"