100% Money and the Public Debt

by Irving Fisher  (Author)



Article by Irving Fisher, Professor Emeritus of Economics, Yale University, urges Congress to take back the Constitutional money power, redeem the national debt, require banks' demand deposit to be 100% liquid, to avoid an inelastic loan structure that bursts, leaving frozen loans behind, and avoid 'Global Financial Crises'. Includes a brief biography of Irving Fisher.

Irving Fisher was one of America's greatest mathematical economists and one of the clearest economics writers of all time. He had the intellect to use mathematics in virtually all his theories after he had clearly explained the central principles in his own words.