ABSTRACT

We have seen in earlier chapters how far monetary reform has proceeded since the war. In a number of directions it has made remarkable progress, but in others it has made little headway, or has failed altogether. It now remains to examine the prospects of the further progress of monetary reform. In Chapter XL we examined the precise directions in which, in the author’s view, future monetary reform ought to proceed. Is there any likelihood of such developments, or, indeed, of any progress in general towards the adoption of some form of advanced monetary reform?