Dijt considered that trade cycles would be almost eliminated by stable prices for raw materials. He explained how an international trade cycle policy was made possible by the establishment of marketing boards for a number of important raw materials. For the particular product the board fixed a buying and a selling price and administered the available stocks by supporting demand by purchases. In the system no restriction of production was proposed. The price of each product was tied to that of gold. The stocks could be financed by bonds issued by the government or by money created as an equivalent of the stock of raw materials. The marketing boards had to be the result of international cooperation. The costs would be borne by the interested countries.
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