Why Is The Dollar Shrinking? A Study In The High Cost Of Living (1914)

''Why Is The Dollar Shrinking? A Study In The High Cost Of Living'' is a book written by American economist Irving Fisher in 1914. The book discusses the rise in the cost of living in the United States and the factors contributing to it, particularly the shrinking value of the dollar. Fisher argues that the increase in prices is not due to a shortage of goods or an increase in demand, but rather to the decrease in the value of money. He suggests that this is caused by the growth of credit and the expansion of the money supply, which leads to inflation. The book provides a detailed analysis of the economic conditions of the time, including the role of banks, the gold standard, and the relationship between wages and prices. Fisher also proposes several solutions to the problem, including the creation of a stable currency and the adoption of a more scientific approach to economics. Overall, ''Why Is The Dollar Shrinking?'' is a seminal work in the field of economics and a valuable resource for anyone interested in the history of American economic thought.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world’s literature in affordable, high quality, modern editions, that are true to their original work.