National Affairs: Inflation Finessed

Louder than ever boomed the guns of currency inflation last week on the Washington front. The dollar was down to 63¢ gold. Many a Wall Streeter thought this figure already discounted actual devaluation, doubted if direct inflation would boost prices appreciably or hold them up. Oklahoma's Senator Thomas, field marshal of the inflationary forces, was loosely threatening a march of 1,000,000 men on Washington unless there was a great outpouring of printing-press money. His polls of Congress showed a 20-to-1 sentiment in favor of quick inflation. Nevada's Senator Pittman tried to interest the...

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