The commodity price index number has been defined as a "figure which shows the average percentage change in the prices of a number of representative goods from one point of time to another." In the preceding article it has been argued that the use of the index number in private contracts as a method of expressing stable values is not prohibited by the gold-clause resolution of June 5, 1933; that in the decisions of the United States Supreme Court sustaining this legislation there is nothing to indicate that such contracts would run counter to the Government's policies in the control of the currency; and that the commodity price index is now the only effective instrument remaining to private parties for protecting themselves against major changes in the value of money.
John P. Dawson & James W. Coultrap,
CONTRACTING BY REFERENCE TO PRICE INDICES,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol33/iss5/3