FARMERS: Wallace on Inflation

When Henry Agard Wallace entered the Roosevelt Cabinet as Secretary of Agriculture, he was generally regarded as the Administration's most radical currency inflationist. After six months of economic bumps and political knocks he admitted last week that bushels of cheap money would be no magic cure-all for bushels of cheap wheat, corn, potatoes. To Chicago last week Secretary Wallace carried a carefully prepared speech which had been read and approved by President Roosevelt. In effect it was the Administration's answer to the Farm Belt's howl for inflation. Addressing the convention of the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!