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Edison plan to stabilize prices and shift currency base
Thomas Edison presents to Babson Institute a plan to stabilize business and reduce living costs by making government the central middleman. The scheme uses unit money backed by stored commodities like wheat and coal, with 25 year price averages guiding value and warehouse certificates replacing gold as currency support. The idea aims to curb speculation, ensure farmer liquidity, and curb price swings across basic commodities.
MENTIONED IN THIS ARTICLE
Babson Institute
Wellesley Hills
Mass
Thomas Edison
Henry Ford
Adison
Wellesley
Edison
Europe
New York
Babson