To inflate or not to inflate was no longer a question last week. The only question: Will inflation succeed? Upon the answer (which many think will soon be apparent) depends the immediate economic future of the U. S. If it succeeds the downward spiral of deflation will be definitely checked. If it fails, historians may well look back upon 1932 with a shudder. In prospect, however, was not the wind of wild printing-press inflation which afflicted Germany and France but rather a rescue of credit from its...
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