Price Stability: Why Is It Important for You?
by Dieter Gerdesmeier
Publisher: European Central Bank, 2009
Number of pages: 80
The Treaty establishing the European Community has given the Eurosystem the mandate to maintain price stability. A 80-page, illustrated book on the importance of price stability, how it can be best achieved and how price stability supports sustainable economic growth and prosperity in the EU.
Download or read it online for free here:
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This pioneering work is the first full study of a critically important issue today: the ethics of money production. The thesis is that a government monopoly on money production and management has no ethical or economic grounding at all.
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The book covers the history of gold in the US, explains that its breakdown was caused by governments, and explains the merit of having sound money: prices reflect market realities, government stays in check, and the people retain their freedom.
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