The Currency Reform Ideas of Economists before and after the Victory of the War of Resistance against Japan
After the outbreak of the War of Resistance,inflation was increasing,and people's faith in fiat currency gradually collapsed.Economists at home and abroad have carried out fierce discussions on inflation,the survival of fiat currency and the reform of currency system,and expounded on the root of inflation from the perspectives of fiscal revenue and expenditure,issue amount,prices and exchange rates,and put forward multiple schemes for the reform of currency system such as virtual gold standard,foreign exchange standard and commodity standard.The Kuomintang regime finally adopted the gold coin currency system without"standard",which was strongly criticized by scholars at home and abroad.It is of certain academic significance to use newspaper materials and economic reviews at that time to sort out the econo-mist's thoughts on currency reform and to look into the failure of the Kuomintang regime.
currency reformeconomistsFiat moneyGolden Dollar Coupons