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Discusses issues surrounding inflation and gold standards in the U.S. in 1934. Disputes between the Democratic and Republican party about the reflation and devaluation of a planned currency and a monetary principle; Discussion on the Thomas amendment to the Agricultural Adjustment Act; Reason the U.S. president proclaimed an embargo on exports of gold.

Focuses on the efforts of the government to provide social credit in an effort to help consumers buy more with their money in the U.S. Assessment of the feasibility for the government to extend social credit to consumers; Opposition of the author to the belief that social credit can be created by a process of currency inflation.

Focuses on the role of inflation in the restoration of business activities and the recovery of prices of goods in the U.S. Advantages and disadvantages of inflation; Use of fiat money and issuance of government bonds to halt deflation; Implication of the complexity of monetary, banking and credit systems and policy for the economy in the country.