What did Fisher advocate for in monetary reform?
Alternative currencies
Gold standard
Cryptocurrencies
Barter system
Answer
Alternative currencies were advocated for by Fisher in monetary reform. He believed that a system of competing currencies would promote price stability and economic growth. By allowing individuals and businesses to choose the currency they preferred, Fisher argued that the market would naturally select the most stable and efficient currency. This would reduce the risk of inflation and deflation, and it would also encourage innovation in the financial sector.
Irving Fisher Trivia: 31 Questions to Test Your Memory
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