World Commodities and World Currency

About this book

This reissued investment classic by financial guru Benjamin Graham expounds on the theories presented in the authorOs previous masterpiece, Storage and Stability, 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, andNmost importantlyNa balanced expansion of the worldOs output and consumption of useful goods.