ABSTRACT
The ideal of the majority of radical monetary reformers is a scientifically managed inconvertible paper currency. Such reformers denounce the gold standard on the ground that it makes the volume of currency and credit largely dependent upon the caprices of nature and upon disturbing international influences. In their view, the volume of currency and credit should be determined by scientific considerations in accordance with sound and genuine requirements. To that end, they advocate the complete dissociation of the currency from gold.
