商品詳細

Rapid price inflation followed by deflation presents people with serious problems. Wealth can be lost or gained due to circumstances beyond one's control. These episodes accompany and follow wars; they also may occur due to policy miscalculations and other shocks to an economy. In 1921, following WWI, the American inventor Thomas Edison turned his focus and intelligence to the problem of engineering money with stable purchasing power, one that would 'cast the variable out of money'. His goal was that the nation's money would once and forever, represent the stable and enduring value of America's productive might. Edison's experience is a fascinating story of the search for 'stable money', and it provides lessons for modern readers on what stable money might look like and why present economies still experience inflationary-deflationary whipsaws.