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After examining the suitability of gold as a basis for the monetary system of this country, the author concludes that a managed monetary system is more likely to bring about a satisfactory production, distribution, and utilization of the national income. The book is divided into five parts, treating the principal phases of monetary theory and practice, and concludes with a suggested program of management for this country. Originally published in 1935. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.