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Abstract

Can Currencies Be Managed?

Hazlitt, Henry | July 26, 1933 issue

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The article presents information on the economic policy of the U.S. When the U.S. president, on July 3, rejected the efforts of the World Economic Conference to achieve a "temporary stabilization" of currencies, he was not merely rejecting the proposal to stabilize the leading currencies in terms of each other for the next few months, he was also hinting at a fundamental change in monetary policy. Perhaps the best way to approach this problem is to. consider the leading proposals so far offered and such experience of managed currencies as we happen to have.

See Also:

ECONOMIC policy; ECONOMICS; GOVERNMENT policy; MONEY; MONETARY policy; UNITED States

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H.L. Mencken, "An Eminent American," July 11, 1923.

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