World Commodities & World Currency

Through a global lens, the author analyzes economic systems aimed at mitigating price instability in a postwar context. Emphasizing the importance of commodity reserves, he presents a straightforward method for achieving foreign-exchange stability, price stability, and protective stockpiles, ultimately advocating for balanced global output and consumption. The book's insights resonate today, particularly in light of recent financial crises and the formation of unified currency systems in Europe, making Graham's warnings about floating currencies and his proposed solutions increasingly relevant.