Currie, Lauchlin - In: Journal of Economic Studies 31 (2004) September, pp. 355-365
Examines, in a paper written in 1938 by Lauchlin Currie, the banking and monetary system of the USA. Presents the 100 percent reserve plan, its claimed advantages and the objections to it. Concludes that a basic reform in the nature of the 100 percent reserve plan is inevitable.