ABSTRACT

The Devaluation of the Dollar in 1933–34 ■ A Possible Reduction of the Price of Gold ■ The Costs of Large Imports of Gold ■ Gold as International Means of Payment ■ The Value of Gold ■ Domestic Circulation of Gold Coins ■ Gold and the Public Debt ■ The Value of Large Gold Reserves ■ Postscript after 23 Years