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CHART II.—Showing- relation between the “dance of the dol
lar” and the fluctuations in employment, 1903 to 1925.
Of course, since the unstable dollar (or the unstable price level)
is not the only cause of unemployment, even if we had a perfectly
stable price level or stable dollar, no doubt we would still have a
residuum of unemployment. But I firmly believe that we would
solve the problem of unemployment for the most part if we could
stabilize the dollar.