{"product_id":"gold-the-real-bills-doctrine-and-the-fed-sources-of-monetary-disorder-1922-1938-9781948647120","title":"Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938","description":"\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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-4599975\"\u003eThomas M. Humphrey\u003c\/a\u003e, \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-7266302\"\u003eRichard H. Timberlake\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cato Institute\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/03\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 226\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.74lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.52d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9781948647120\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 1948647125\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS023000\"\u003eEconomic History\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS045000\"\u003eMoney \u0026amp; Monetary Policy\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-HIS\"\u003eHistory\u003c\/a\u003e | \u003ca href=\"https:\/\/sureshotbooks-com.myshopify.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-HIS036060\"\u003eUnited States | 20th Century\u003c\/a\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Cato Institute","offers":[{"title":"Default Title","offer_id":44575488016621,"sku":"9781948647120","price":15.45,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0550\/8097\/6621\/products\/img_112e334e-7115-46fc-9b69-cbf3018dcb25.jpg?v=1701997628","url":"https:\/\/sureshotbooks.com\/es\/products\/gold-the-real-bills-doctrine-and-the-fed-sources-of-monetary-disorder-1922-1938-9781948647120","provider":"SureShot Books Publishing LLC","version":"1.0","type":"link"}