{"product_id":"gold-the-real-bills-doctrine-and-the-fed-sources-of-monetary-disorder-1922-1938-hardcover","title":"Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938 - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eThomas M. Humphrey\u003c\/b\u003e (Author), \u003cb\u003eRichard H. Timberlake\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe gold standard is often blamed for causing \"the Great Contraction\" - the unprecedented collapse of the U.S. money stock that began after the 1929 stock market crash and led to the Great Depression.\u003c\/p\u003e\u003cp\u003eIn \u003cem\u003eGold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938, \u003c\/em\u003epreeminent monetary historians Thomas M. Humphrey and Richard H. Timberlake thoroughly refute that claim. Instead, they identify the culprit as a now relatively unknown, but once highly influential, theory: the Real Bills Doctrine. The Fed's failure to stem the Great Contraction was due, not to any shortage of gold, but to Fed official's devotion to a doctrine that made them unwilling to make full use of the United States' ample gold reserves.\u003c\/p\u003e\u003cp\u003eAnyone interested in understanding the causes of Great Depression, and particularly the part prevailing economic theories played in it, should regard \u003cem\u003eGold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938\u003c\/em\u003e as an absolutely essential work.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 226\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.63 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 03, 2019\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":53755464909133,"sku":"9781948647557","price":37.62,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0927\/3304\/7117\/files\/cEhxUUMrMHVuLzNsZWM4Z21tWFIwZz09.webp?v=1776718983","url":"https:\/\/belfastbooks.us\/products\/gold-the-real-bills-doctrine-and-the-fed-sources-of-monetary-disorder-1922-1938-hardcover","provider":"belfastbooks.us","version":"1.0","type":"link"}