Inflation and The Coming Keynesian Catastrophe | Ralph Borsodi
As New Old Stock, published by the E.F. Schumacher Society in 1989.
This book details some of the economic views of decentralist Ralph Borsodi. A rebuke of Keynesian economics and a record of his attempt to create an alternate currency.
In the early 1970’s, Schumacher Center founder Robert Swann worked with Ralph Borsodi to issue Constants, a commodity-backed currency, on an experimental basis in Exeter, New Hampshire. The Exeter experiment began in April 1973 and ran for over a year, circulating almost 100,000 Constants in Exeter, Borsodi’s hometown. Borsodi and Swann were two of the most influential intellectual leaders of the community land trust movement in the United States. Together, they established the International Independence Institute in 1967 to provide training and technical assistance for people who were interested in promoting rural development.