Economic Policy for a Free Society

argument Arnold banks Beveridge bonds borrowing capital cartels central collectivism collectivist commercial policy commutative justice competition consols corporations costs currency danger debt decentralization deflation demand democracy democratic discussion economic economists effective enterprise especially federal fiscal policy fractional-reserve bank free trade free-market freedom full employment function gold governmental groups Hansen important income increase industries inequality inflation institutions investment issue Journal of Political Keynesian legislation liberal libertarian limited liquidity long-term mainly markets means measures ment merely minimize monetary authority monetary policy monetary stabilization monopolistic monopoly monopsony Moreover nomic organization peace perhaps practical present price level prices and wages problem production progressive taxation proper proposals protection radical reduction reform relative prices requires reserves responsible restraint rules scheme simply social society subsidies substantial sumers supranational syndicalist tariff taxation tion tive unions voluntary associations wage rates workers