World Commodities and World Currencies The Original 1937 Edition

This reissued investment classic by financial guru Benjamin Graham expounds on the theories presented in the author's previous masterpiece, <i>Storage and Stability</i>, offering a more global focus on the subject of stockpiling raw materials as a means of achieving expansion and stability in a postwar economy. Graham maintains that stabilization of commodities offers a comparatively simple technique by which the world could achieve the fourfold objective of foreign-exchange stability, reasonable price stability, protective stockpiles, and--most importantly--a balanced expansion of the world's output and consumption of useful goods.