In The Intelligent Forex Investor: World Currency and World
Commodities, Graham offers a more global analysis of the systems
that could reduce dangerous cycles of price instability in order to
achieve stability in a postwar economy. Graham, in an astonishing
display of foresight, shows how commodity reserves should play an
important part in any economic policy.Throughout the book, Graham
maintains that stabilization of commodities offers a comparatively
simple technique by which the world could achieve the fourfold
objective of foreign-exchange stability, reasonable price
stability, protective stockpiles, and - most importantly - a
balanced expansion of the world's output and consumption of useful
goods.
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