APPENDIX II
DISAPPROVAL OF THE PLAN
1. Misunderstandings
A. Introduction. Some readers will wish to know what objections have been found or alleged against stabilizing the dollar.
The chief of these have already been disposed of in the text. The other objections are to be found, stated in the objectors' own language, in articles cited in the bibliography of Appendix V. Answers by me or other writers are cited in the same bibliography.[1]
Nevertheless it seems desirable, in order to make this book complete, to renew the arguments here. I shall therefore state and answer the alleged objections as fully as space permits. If difficulties still remain in any reader's mind, I hope he will do me the favor of communicating with me to the end that I may, if possible, clear them up by correspondence.
I shall try to treat seriously and on its real merits each objection which has been offered and to show how, in every case, the objection falls to the ground.
Most of the alleged objections turn out, on examination, to be mere misunderstandings. Of the remaining objections, most consist, at bottom, of unreasonable hostility, due to prejudice and fear of disturbing the status quo. The few objections still remaining amount simply to emphasizing the fact that the plan does not attain an ideally perfect standard of value.
- ↑ See especially my answers to objections in the New York Times, December 22, 1912, and "Objections to a Compensated Dollar Answered," American Economic Review, December, 1914.
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