The Interest of the Actuary in Stable Money

Possibly there is no group of people who should have a larger scientific interest in the subject of stable money than the actuaries. Large interests depend upon the accuracy and thoroughness with which they do their work, and it should be of the utmost importance to them that the tools with which they work, and the measures with which they mete, be stable and reliable. Let us, therefore, first examine our yard-stick of value the dollar--to ascertain whether or not it is really stable or unstable.