CHAPTER VII
Continental Inflation—Mr. Kitson's Eulogy of Germany's—Dr. Rasin's Desire to Check it—The Benefits of Inflation—At Home—and Abroad—Doubts about its Effect—An Indemnity Debt as Stimulant—Our Fears of German Competition—How much Ground for Them?—Her Export Trade—Mr. Dane's Report—"Invisible Unemployment"—How We can use her Payments.
CHAPTER VIII
Stabilization's Champions—Some Difficulties Involved—The Soddy System—Dr. Snow on Index Numbers—Professor Irving Fisher's Varying Dollar—Dr. Cassel on a True Bank Policy—Mr. Hawtrey's Zeal—Mr. Keynes's Moderation—Mr. Snyder's Reinforcement—Would Stabilization Ensure Stability?—Mr. Lloyd on Stabilizing Certain Basic Articles—Sir Charles Addis on Devaluation—Falling Prices and Depression—Is the Connexion Inevitable?—Dr. Marshall and Mr. Layton's Doubt—Professor Lehfeldt on Falling Prices and Efficiency—His Suggestion for Regulating the Gold Output—Conclusion.
CHAPTER IX
The Barlow Inflation Scare—Mr. McKenna's Ambiguity—His Belfast Address—The Federation of British Industries' Version of Stabilization—Mr. Keynes on "Monetary Reform."
